| (06:45 am) Mitch King:ISM NY 50.6 vs. 54
expected
(07:03 am) Mitch King:US March factory orders
1.1% vs. 1.5% expected
(05:57 am) JoeyTSA :early gap down:
ECYT,SQI,LNKD,OPEN
(05:58 am) JoeyTSA :gap up:
SKUL,NTI,ISRG,WYNN
(05:59 am) JoeyTSA :using /CL 99.70-100; /ES
1875,1880,1884; /NQ 3587,3600 to start
(06:02 am) Mitch King:Premarket UP: RXII,
EQU, RBS, CYTR, AEM, AVNR, CFN Premarket
DOWN: MACK, TEF, OPEN, ONNN, KOG, INVN,
IMMU, ECYT Also WATCHING: AZN, PFE, MMC,
CVS, NWL, WYNN, AN, EL, TXN, ORCL, KRFT,
EXPE, LNKD, OPEN
(06:30 am) Mitch King:watching SBAC for
uptrend
(06:31 am) Mitch King:watching OPEN for
trades
(06:31 am) Mitch King:monitoring MCRS for
trades
(06:32 am) Mitch King:AKAM moving
(06:32 am) Qwert :watching VRTX
(06:32 am) Mitch King:watching VRTX for
bounce
(06:32 am) Mitch King:watching EL
(06:33 am) Mitch King:watching TPX for top,
more upside first
(06:33 am) Mitch King:watching HLS for move
up
(06:33 am) JoeyTSA :opx today, keep eye on
the 5’s and 0′ esp on the big names
(06:33 am) Mitch King:watching EL for top to
short,
(06:34 am) Mitch King:OPEN trending up
(06:34 am) Mitch King:watching AXL for top,
no hurry for short
(06:34 am) Mitch King:WYNN good earnings,
trending up
(06:35 am) JoeyTSA :/ES testg 1880
(06:35 am) Mitch King:watching DRC for top to
short
(06:35 am) Mitch King:watching MPEL for more
upside,
(06:35 am) Mitch King:watching ACHC for
trades
(06:36 am) Mitch King:CP trending up,
Canadian Rail
(06:36 am) Mitch King:watching NTRI for top
to short
(06:37 am) Mitch King:HOT trending up
(06:37 am) Mitch King:watching IRBT
(06:38 am) Mitch King:watching VIPS for top
to short
(06:38 am) Mitch King:monitoring EXPE
(06:38 am) Mitch King:TRIP trending up
(06:38 am) Mitch King:ULTA trending up
(06:39 am) Mitch King:watching BBG for top to
short
(06:39 am) Mitch King:CTB uptrend
(06:39 am) Mitch King:watching DXCM for
bottom
(06:39 am) JoeyTSA :eye on NFLX $343 level
(06:39 am) Mitch King:CVD bouncing, watching
for top to short, too late for me to buy
(06:40 am) Qwert :monitoring MOH
(06:40 am) JoeyTSA :eye on TSLA $211 for
potential breakout too
(06:41 am) Mitch King:watching IPXL for top
to short, more upside first
(06:41 am) Mitch King:watching OIS for short
(06:41 am) Mitch King:monitoirng ASGN
(06:42 am) Mitch King:watching BMRN, more
downside likely
(06:43 am) Mitch King:new lows on QLGC
(06:43 am) JoeyTSA :same with AMZN
(06:43 am) JoeyTSA :eye n BIDU dbl bot
(06:44 am) Mitch King:watching PNW for short
(06:44 am) Mitch King:watching DWRE for
bottom
(06:45 am) Mitch King:2nd helping short on EL
next top
(06:45 am) JoeyTSA :watching NGVC for $25
hold
(06:46 am) Mitch King:watching VC for short
(06:47 am) Mitch King:more upside for ARG
(06:47 am) Mitch King:watching ARG
(06:48 am) JoeyTSA :/ES R1 is 1883, looking
for a break over then hold on a pullback for
next leg up
(06:49 am) Mitch King:watching IMPV
(06:50 am) Mitch King:watching DTV for
microshort
(06:51 am) Mitch King:YRCW trending up
(06:52 am) Mitch King:looking for more
downside on the IPXL short
(06:53 am) JoeyTSA :big names =
AAPL,AMZN,BIDU,TSLA,GOOG,LNKD,NFLX
(06:53 am) Mitch King:watching MTZ for top to
short, missed bottom
(06:53 am) JoeyTSA :most big name trading
near lod area
(06:54 am) Mitch King:monitoring SGEN
(06:55 am) Mitch King:watching CALD for 2nd
helping short above 11.15
(06:57 am) Mitch King:OPEN new high of day
(06:58 am) Mitch King:prob get 2nd bounce on
DXCM
(06:59 am) Mitch King:PSA bouncing
(06:59 am) Mitch King:LNKD trying to bounce
(06:59 am) Mitch King:no hurry on covering
IPXL short, you can buy at bid or lower
(07:04 am) Mitch King:DRL halt, circuit
breaker
(07:05 am) Mitch King:still no hurry to cover
IPXL, not when stock acts like this
(07:05 am) Mitch King:checkout DRL stock, i
think revising financial statements, which
sounds bad
(07:09 am) JoeyTSA :/ES pushing thru R1
(07:10 am) Mitch King:ATEN bouncing, 5 cent
spread
(07:17 am) Mitch King:got signal to cover
IPXL short here
(07:20 am) Mitch King:SWBN spiking
(07:22 am) Mitch King:BYI gradual rebound
(07:23 am) Mitch King:watching CTCT for
short
(07:47 am) Murano :watching VTNR
(08:02 am) Mitch King:consider covering CTCT
if short
(08:10 am) Mitch King:CVD spike is caused by
upgrade
(08:50 am) JoeyTSA :putting MNK on radar,
nthing exciting just yet
(09:04 am) JoeyTSA :eye on BEN
(09:07 am) JoeyTSA :ED vol spike also
(09:09 am) JoeyTSA :CLX vol spke too
(09:17 am) Murano :watching OIS
(10:57 am) JoeyTSA :eye on SRE
(10:58 am) Mitch King:SRE: Exec:
Considering possible MLP for Mexico assetts,
conf call comments
(10:59 am) Mitch King:not sure what MLP
stands for
(12:20 pm) Mitch King:monitoring NTRI for
potential short
(12:37 pm) Mitch King:monitoring INVN
(12:55 pm) Mitch King:you guys have a great
weekend, see you Monday.
| (05:23 am) Qwert :Good morning hull, regatta
(05:29 am) hull :good morning, what’s up for
today
(05:30 am) hull :job numbers look really
good
(05:31 am) Qwert :unemployment rate at 6.3%,
6.6% expected
(05:32 am) Qwert :Factory orders at 7:00pst
(05:46 am) skydiver :gm all — AZN rejects
PFE improved bid
(05:46 am) skydiver :offr
(05:46 am) skydiver :offer
(05:51 am) regatta :gm qwert, et al
(05:56 am) skydiver :gm joey
(05:56 am) freitag8 :GM every1
(05:56 am) skydiver :gm freitag8, qwert,
hull etc. etc. 🙂
(05:56 am) JoeyTSA :Good morning
Qwert,traders
(05:57 am) Qwert :gm joey
(06:00 am) skydiver :thnx joey for gappers
etc
(06:00 am) freitag8 :HDS very active in
Pre-Market
(06:01 am) freitag8 :Oddo downgrades
TotalFinaElf, S.A. (NYSE: TOT) from Buy to
Neutral.
(06:02 am) skydiver :thnx Mitch
(06:02 am) freitag8 :Needham upgrades
InvenSense, Inc. (NYSE: INVN) from Hold to
Buy and announces $22.00 PT…… ATR=$1.19
(06:10 am) rd :GM too all
(06:14 am) JoeyTSA :what was news on ECYT?
(06:14 am) JoeyTSA :guessing poor fda trial
or earning
(06:16 am) skydiver :ECYT – Baird downgraded
Endocyte to Neutral after the Independent
Data Safety Monitoring Board recommended
stopping the Phase III PROCEED Trial for
futility. Note that Piper Jaffray also
downgraded shares this morning.
(06:16 am) JoeyTSA :thx, figured it as phase
2 or 3 news
(06:16 am) skydiver :right
(06:17 am) Qwert :getting hammered
(06:17 am) Qwert :i mean stock is not me 🙂
(06:17 am) skydiver :nce to know qwert 🙂
(06:18 am) JoeyTSA ::)
(06:29 am) Mitch King:its kind of unusual to
see Phase 3 be stopped
(06:29 am) Mitch King:usually they dont get
surprised
(06:29 am) Mitch King:5 seconds
(06:33 am) regatta :/CL falling
(06:34 am) JoeyTSA :yeah, blw thru that
99.70, i have ppin this area
(06:35 am) JoeyTSA :wide spread on OPEN
(06:36 am) regatta :watching SWIR
(06:38 am) JoeyTSA :just putting FB on radar,
see what it does @ $62?
(06:40 am) JoeyTSA :good morning hull, new
to the room?
(06:42 am) hull :good morning yes
(06:42 am) hull :just watching for now
(06:42 am) JoeyTSA :when it gets quiet, if
you have questions hopefully we can answer
them
(06:43 am) hull :ok
(06:43 am) JoeyTSA :so far today not as wild
as some morning
(06:43 am) regatta :watching QLGC
(06:45 am) JoeyTSA :thx Mitch
(06:47 am) hull :what are we doing w/ QLGC
(06:48 am) JoeyTSA :im not in QLGC, but wuld
like to see $10 hold
(06:49 am) skydiver :TLA – nice quick drop
(06:49 am) skydiver :TSLA that is
(06:49 am) hull :OK WILL YOU LET ME KNOW
WHEN YOU GET IN?
(06:49 am) JoeyTSA :indices pulling back a
bit
(06:49 am) freitag8 :COF in a nice trend
(06:50 am) JoeyTSA :doubt i will play it
though, i tend to stick with the more active
ones
(06:50 am) hull :ok thnx
(06:51 am) hull :BAC ???
(06:51 am) JoeyTSA :not for me
(06:52 am) JoeyTSA :i like wider atr, but if
new to trading, BAC,QLGC are good..yu
probably wont get a violent move against you
if you happen to be wrong
(06:53 am) skydiver :LNKD – bottom?
(06:53 am) freitag8 :Be aware that 7:00 PST
is a time lots of big names reverse
(06:56 am) skydiver :LNKD – looks weak – may
drop further
(06:59 am) regatta :QLGC lost 10
(06:59 am) skydiver :thnx Mitch
(07:00 am) JoeyTSA :weekend also, never know
if people want to sell
(07:00 am) JoeyTSA :/ES lower highs overall
so far though
(07:01 am) JoeyTSA :since the jobs #
(07:05 am) JoeyTSA :yuck, i hate charts that
look lik that haha
(07:06 am) JoeyTSA :cut in half, cant be
good
(07:07 am) JoeyTSA :nothing exciting me at
the moment
(07:07 am) freitag8 :I have a pivot point at
99.28 on /CL… seems to be respecting that
level
(07:08 am) JoeyTSA :seems good freitag, min
is 99.37, basically the same
(07:09 am) freitag8 :I have R1 at 99.82
(07:10 am) JoeyTSA :nice, 99.93 for me, will
watch taht .95 up to $100 area
(07:12 am) JoeyTSA :missed nce run on WPRT
(07:12 am) freitag8 :I have a SPX 1890 Short
Call that is due to expire today… this
1890.36 has me sweating a bit
(07:14 am) freitag8 :I’m not in it but that
IXPL on Mitch’s monitor has had a few nice
trend trend trades that were easy to see
(07:15 am) freitag8 :IPXL I mean
(07:16 am) Mitch King:IPXL getting close to
covering
(07:16 am) JoeyTSA :sure feels like $160 is
the BIDU pin, but putting alert @ 161 for
potential breakout/run to 165
(07:17 am) hull :what is the plan for ATEN?
(07:19 am) freitag8 :ATEN: A10 Networks
Reports Q1 EPS of $(0.37) vs $(0.11) Est;
Revenue of $45.70M vs $42.78M Est
(07:19 am) freitag8 :about 50% of normal
volume with a $.68 ATR
(07:20 am) freitag8 :short float under 1%
(07:21 am) Mitch King:aif you are long ATEN
hull, i would sell it here 12.21
(07:21 am) Mitch King:thats over 9% move
(07:23 am) hull :I’m setting in cash just
got out of AXAS W/NICE GAIN
(07:24 am) freitag8 :I can’t get IB to
populate a chart on ATEN…
(07:24 am) JoeyTSA :break time, back in a
while
(07:25 am) hull :I did not like the chart on
ATEN
(07:25 am) skydiver :ejoy joey
(07:25 am) freitag8 :have a good one Joey…
thanks for all you do
(07:25 am) JoeyTSA ::)
(07:28 am) freitag8 :if IPXl breaks .25 I
may look to short to $27 for a small scalp
(07:29 am) freitag8 :it jumped right over my
order. Dang it
(07:29 am) Qwert :ipxl a beauty to bad i
missed it. congrats to those who got it
(07:30 am) freitag8 :i missed it too… my
stop triggered at .19 cents but it jumped
over my order at .16 cents
(07:32 am) freitag8 :and it went right into
$27 too… I hate when that hapens
(07:33 am) Qwert :yeah gotta move on or it
will drive you crazy
(07:35 am) hull :What is entry onCTCT?
(07:45 am) freitag8 :well, I got a little
bit of IPXL… it came up and filled my order
at .16 cents a moment ago and then dropped to
$26.91 to close… it wasn’t much but I got a
little
(07:47 am) freitag8 :/CL touched my 99.80
Pivot but didn’t trigger my order yet
(07:49 am) freitag8 :all out /CL
(07:51 am) freitag8 :the 7AM reversal came a
little late but it did show up
(07:51 am) skydiver :3/4 out of VTNR long
(07:52 am) skydiver :ipo – FRSH now open
(07:54 am) Mitch King:i only like the hot
ipos sky, this is low priced, danger danger
(07:54 am) Mitch King:do you make money on
ipos consistently?
(07:55 am) skydiver :thnx Mitch – watched it
but passed on it — I have about a 60 percent
win only so far in ipo’s so don’t play much
of them
(07:55 am) skydiver :now
(07:55 am) Mitch King:ok what is your win
rate on other normal trades you do?
(07:55 am) skydiver :about 80 percent or so
now
(07:55 am) Mitch King:ok, there is your
answer right there
(07:56 am) Mitch King:go where the money is
and stay with what is working for you
(07:56 am) skydiver :gotcha — you are
right!!!
(07:56 am) Mitch King:i know ipos are
exciting, but exciting is not what makes
money
(07:56 am) skydiver :right – harest money as
you say — good method 🙂
(07:57 am) Mitch King:i would take a close
look at your performance summary and really
look at what you are doing well and what is
not working as well for you. then just focus
on what is working and get better at that
(07:57 am) Mitch King:then just rinse and
repeat
(07:58 am) skydiver :ok Mitch — will do —
🙂
(08:02 am) Mitch King:hull, i can start
giving a few specific entries in a few weeks
from now but we wont be able to post as many
ideas. its sort of a balance. i see my job
as providing what is moving and give ideas
for you to look at and decide if you want to
trade it and how to trade these ideas
(08:02 am) hull :ok thnx
(08:03 am) Mitch King:gee, i wish i saw INVN,
anyone see that this morning? big move up
and down
(08:03 am) hull :i’m new here should have
shorted at the top
(08:03 am) skydiver :no – missed INVN Mitch
(08:04 am) Murano :monitoring AVD so far
very weak
(08:04 am) hull :I’m still in cash 🙂
(08:04 am) Mitch King:hull, prob 75% of the
trade ideas of the day come in first hour
(08:05 am) Mitch King:and most in first 20
minutes.
(08:05 am) hull :yeah I think I’m done for
the day, cashis a good place to be 🙂
(08:05 am) Mitch King:i think the highest
probability trade is to go long on a bullish
day of a larger cap stock that is on the
move
(08:05 am) Mitch King:those tend to last for
30-60 minutes, trending up
(08:06 am) Mitch King:i would study that
pattern closely for day trading
(08:07 am) Mitch King:yeah cash is good place
to be right now. what we do collectively as
a group from here throughout the day is just
wait for something interesting, might only be
2-3 decent ideas during day but thats enough
to make good money along with the 2-3 you
might have gotten in first hour.
(08:09 am) hull :I like short days, I may go
feed the fish for the rest of the day
(08:10 am) Mitch King:yeah short selling
tends to have more profits, stocks sell off
deeper than they move up
(08:10 am) hull :see you guys next week
(08:10 am) Mitch King:ok later Mr. Hull
(08:11 am) Qwert :bye hull have a great day
(08:11 am) skydiver :take care hull
(08:16 am) skydiver :al out of CVD short
(08:16 am) skydiver :thnx Mitc
(08:18 am) skydiver :Ukraine / Russia
confict heating up a bit more
(08:21 am) Murano :out all VTNR
(08:22 am) skydiver :nice work Murano on
VTNR
(08:22 am) Murano :thanks sky
(08:22 am) Murano :MSG trying to bounce
(08:27 am) regatta :/CL 100
(08:27 am) regatta :at 100
(08:33 am) freitag8 :PCYC had a Big move
today
(08:37 am) freitag8 :Piper Jaffray
Downgrades Pharmacyclics, Inc. to Neutra
(08:45 am) Murano :out all AVD long not
working
(08:52 am) JoeyTSA :BIDU still having issues
with that $161 level from earlier, keeping on
radar but honestly not expecting much
(08:52 am) JoeyTSA :same with my general
feeling overall rest of the day
(09:00 am) freitag8 :PCYC dropping $1.00 in
under 5 minutes
(09:00 am) freitag8 :I think I’ll cover
here
(09:00 am) JoeyTSA :nice one
(09:01 am) freitag8 :that wasn’t too bad…
the spread is pretty large tho… didn’t get
the fill I was hoping for
(09:01 am) JoeyTSA :looks about 20-40c
spread
(09:01 am) freitag8 :yup… I didn’t look
ahead of time… cost me 20 cents
(09:02 am) freitag8 :but it was only 200
shares
(09:02 am) freitag8 :I was short at $85.86
so it was a good trade
(09:03 am) regatta :watching TASR
(09:03 am) freitag8 :it’s now down 10% on
the day… I’m all out
(09:04 am) JoeyTSA :BEN got a vol spike
(09:05 am) Murano :reduce MSG if long
(09:12 am) freitag8 :eye on MNL
(09:12 am) freitag8 :MNK
(09:14 am) skydiver :my time is up . . Have
a great week-end all and see you Monday
(09:14 am) JoeyTSA :enjoy sky, see you
monday
(09:15 am) freitag8 :U 2 Sky… Thanks for
your help today
(09:16 am) Murano :see yo sky
(09:18 am) freitag8 :watching 99.73 level on
/CL
(09:20 am) freitag8 :/CL dropped the .73
level and took a big drop
(09:20 am) freitag8 :covering into .60
cents
(09:21 am) Murano :reduce OIS if long
(09:21 am) freitag8 :out 1/2 /CL
(09:22 am) freitag8 :out 100% /Cl @ .55
cents
(09:22 am) Murano :lunch time back in 30
(09:22 am) freitag8 :enjoy M
(09:25 am) freitag8 :that stopped out my
other half of /CL
(09:41 am) freitag8 :/CL testing 100 again’
(09:54 am) Murano :tighten OIS if you have
any long remaining
(09:56 am) Murano :out last 1/4 MSG got
impatient
(09:58 am) freitag8 :I closed my order too
Murano… for the same reason…
(09:59 am) Murano :once it got past 52 I
thought it would get to 52.50 easily, didn’t
happen
(10:01 am) freitag8 :because of the
downtrend I had my order in to short at
$51.50… so neither of us got what we
wanted
(10:03 am) JoeyTSA :lunch break, back in a
little while
(10:08 am) Murano :monitoring NEE
(10:21 am) Murano :monitoring PEG
(10:30 am) JoeyTSA :watching /ES pullback a
bit
(10:36 am) Murano :reduce NEE if long
(10:37 am) Qwert :thx for nee Murano
(10:39 am) Murano :reduce PEG if long
(10:46 am) Murano :out last 1/4 NEE
(10:46 am) Murano :out last 1/4 PEG
(10:47 am) freitag8 :that R1 on /CL has been
very significant today
(11:00 am) JoeyTSA :Master Limited
Partnership ??
(11:00 am) freitag8 :I doubt it but… it
could be Mexican Liberal party., but it
doesn’t seem to fit
(11:00 am) Mitch King:sounds right
(11:00 am) JoeyTSA :allows it to be publicly
traded
(11:01 am) Mitch King:could be Mitch’s Lolli
Pops
(11:01 am) freitag8 :could be
(11:01 am) freitag8 :Mitch’s Lost Puppy
(11:01 am) Mitch King:My Little Pony
(11:01 am) freitag8 :My Little Pony?
(11:01 am) freitag8 :lol
(11:02 am) Mitch King:Major League Pimp
(11:02 am) freitag8 :There ya go
(11:03 am) freitag8 :Entering last half our
of Pit trading for /NG & /CL
(11:03 am) freitag8 :it can get volatile in
here
(11:07 am) Mitch King:you guys want to do me
a favor? list best stock symbols trades you
saw today. im reviewing charts
(11:10 am) Mitch King:never mind, i got it
(11:12 am) freitag8 :I missed the RIG
drop… I had that as a short on the open and
it didn’t confirm, but I just checked it and
it dropped big from HOD
(11:12 am) freitag8 :well, maybe not
‘big’… but a good move
(11:28 am) freitag8 :99.75 held again going
into the close for /CL
(11:31 am) freitag8 :Time to close things
out… every1 have a good weekend. Thanks for
everything
(11:33 am) JoeyTSA :you too freitag, my day
is ending soon also
(11:37 am) JoeyTSA :Thanks
Mitch,Qwert,Murano, everyone…have a great
weekend, see you monday
(11:43 am) Qwert :bye joey enjoy your
weekend
(12:08 pm) regatta :just watching VCRA
(12:56 pm) geedeal3 :Thanks Mith
|
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