| (05:57 am) Mitch King:many stocks that open
at regular market time will fall and will be
good shorts right at the open. Today is
moving day with the first amount of selling
after 2-3 strong up days. we could easily
head for lower lows back toward 1600 on the
SP500, which is my strong hunch.
(05:58 am) Mitch King:if you look at the
Asian and European stock markets as well have
turned over. I dont think there will be a
lot of speculation for stocks to bounce, i
think the play is to short stocks at the
opening
(06:00 am) Mitch King:watching CL 07 for a
tradable bottom for long
(06:00 am) Mitch King:stocks like LULU,
Lululemon that 82 to 70 probably wont have
much of a bounce for any deadcat, the market
is going to be going down overall, mutual
funds, other money managers will likely sell
early to unload.
(06:13 am) JoeyTSA :watching QCOR
(06:23 am) JoeyTSA :tighten QCOR if you too
it long
(06:30 am) Mitch King:watch in QCOR for a
drop to buy
(06:31 am) JoeyTSA :LULU lots of vol, on
radar
(06:31 am) Mitch King:watching WLP
(06:31 am) JoeyTSA :eye on GME
(06:32 am) Mitch King:more downside on RCL
(06:33 am) Ed’s assistant :Monitoring DMND
(06:33 am) Mitch King:watching JOY
(06:33 am) Mitch King:watching AN
(06:33 am) Mitch King:watching MPC
(06:34 am) Mitch King:watching HP, Helmerich
Payne, not Hewlett
(06:35 am) Mitch King:watching EV
(06:35 am) Mitch King:watching EVEP
(06:35 am) JoeyTSA :tighten /TF if short on
that support fail
(06:36 am) Mitch King:watching WYNN
(06:36 am) Mitch King:watching CYBX
(06:36 am) Mitch King:watching SCTY
(06:36 am) JoeyTSA :eye on AAPL here
(06:37 am) Mitch King:watching TSLA
(06:37 am) Mitch King:watchign ONXX
(06:37 am) Mitch King:wathing FLR
(06:37 am) Mitch King:watching CREE
(06:38 am) Mitch King:watching MOS, MON
(06:38 am) Mitch King:watching BEN
(06:38 am) Mitch King:monitoring ARIA
(06:39 am) Mitch King:QCOR probably best long
idea that i see
(06:39 am) Ed :KNDI strong against market so
far
(06:39 am) Mitch King:consider covering QCOR
if short, watch for bottom to buy soon
(06:40 am) Mitch King:watching LVS
(06:40 am) Mitch King:more upside on AN
(06:40 am) Ed :will use 69.19 strong vol on
LULU for short
(06:41 am) Mitch King:small bounce starting
on indexes, will help longs
(06:43 am) Mitch King:don’t expect big bounce
in most stocks
(06:44 am) Mitch King:watching VNDA
(06:46 am) Mitch King:SCTY more bounce than
most stocks because it has sold off on daily
for last week or so
(06:47 am) Mitch King:consider selling LVS
and WYNN soon
(06:47 am) Mitch King:QCOR bouncing
(06:48 am) Mitch King:monitoring CCJ
(06:49 am) Mitch King:ES bounce probably
over
(06:50 am) Mitch King:POT trying to bounce
(06:51 am) Mitch King:DMND climbing higher
(06:52 am) Mitch King:still watch QCOR for
bototm to buy
(06:52 am) Mitch King:AN bounce over
(06:52 am) Mitch King:healthcare stocks like
WLP having stronger bounce than others
(06:53 am) JoeyTSA :/6J pulling back to
200ma
(06:53 am) Mitch King:CL 07 higher highs
(06:53 am) Mitch King:SLXP toppy
(06:54 am) Mitch King:lower low on LINE
(06:54 am) Mitch King:CL 07 dropped 120 ticks
overnight so going back to neutral zone
(06:57 am) Mitch King:watching SHOS, Sears
Hometown Outlet.
(06:58 am) JoeyTSA :AAPL nice move off that
bottom
(06:58 am) Mitch King:ECA moving up
(07:00 am) Mitch King:still watching QCOR
(07:00 am) Mitch King:health insurance
companies up sharply today: AET, CI
(07:04 am) JoeyTSA :anyone get BEAT from gap
list?
(07:06 am) JoeyTSA :tighten AAPL if long
(07:06 am) Ed :covering 3/4 of LULU short
(07:09 am) Mitch King:watching GME
(07:11 am) Mitch King:looking for bottom in
CL 07 for 10-15 tick bounce
(07:13 am) Ed :not my type of play just
mentioning BHP
(07:18 am) Mitch King:as a ballerina
(07:18 am) Mitch King:be flexible
(07:18 am) Mitch King:looking for 94.60 area
for CL 07
(07:24 am) Mitch King:target filled on CL
(07:27 am) Mitch King:hey Vince, most of the
activity with stocks is in the first hour and
we will post some key trade ideas on some
futures and forex throughout the day
(07:28 am) JoeyTSA :AAPL with issues at $442
so far, watch area
(07:34 am) Mitch King:ES 06 toppy
(07:39 am) JoeyTSA :eye on ALXN
(07:42 am) Mitch King:important sell signal
on CL 07
(07:45 am) Ed :monitor GME as it test near
hod
(07:59 am) Ed :HXM alert
(08:00 am) Ed :10:59 (MX) Mexico Govt
prepared to provide subsidies to home
builders – financial press (related EWW
HOMEX.MX HXM URBI.MX USD/MXN ) –
(08:00 am) Ed :advanced traders only
(08:07 am) Ed :if u shorted HXM would look to
cover some in here
(08:12 am) Ed :monitoring OCN for potential
short
(08:13 am) Ed :been nice trend up so no
hurry
(08:23 am) Ed :stopping last 1/4 OCN short at
45.51
(08:23 am) Ed :i covered 3/4 OCN short on
that drop
(08:29 am) Ed :markets got juiced really
nicely, I meant bought up
(08:35 am) Mitch King:looking for 6J bottom
(08:40 am) JoeyTSA :watching /ES here at 1637
support
(08:46 am) JoeyTSA :eye on BLOX, nothing
exciting yet
(09:06 am) Mitch King:6J turning down, yen
(09:35 am) Mitch King:can someone sneeze to
make the markets move
(09:51 am) Murano :Watching OCN
(10:12 am) Murano :Covered 3/4 OCN
(10:13 am) Ed :INCY on move
(10:14 am) Ed :Cites a medical journal which
highlights a new side effect of Jakafi –
(INCY)
(10:16 am) Ed :if u took INCY long would
reduce some in here
(10:17 am) Ed :i messed posting the news LOL
(10:20 am) Murano :Covered last 1/4 OCN
(10:29 am) Murano :APOL
(10:29 am) JoeyTSA :BIDU finally giving that
pullback to $100 i was looking for, on radar
(10:30 am) Ed :13:29 APOL Hearing BMO note
asserts the Dept of Education is delaying
gainful employment regulations until July
2015 –
(10:31 am) JoeyTSA :watching /6J, had nice
run up
(10:35 am) Ed :Yen (6J) strong which means
nikkei dropping
(10:36 am) Ed :forgot last night BOJ kept
policy on rates unchanged
(10:37 am) Ed :BOJ= Bank of Japan
(10:43 am) Murano :ZTS
(10:47 am) Mitch King:watching NG 07 drop
(10:48 am) Mitch King:monitoring MNKD
(11:16 am) JoeyTSA :eye on /CL , pit closes
in 15
(11:22 am) JoeyTSA :BIDU coming into $99 now
(11:26 am) Ed :VRTX
(11:27 am) Ed :was looking for more selling
(11:37 am) Mitch King:looking for QCOR
bounce
(11:43 am) Mitch King:snooping around for
VNDA top, just monitoring
(11:46 am) JoeyTSA :watching AGN
(11:57 am) Mitch King:XONE toppy
(12:01 pm) JoeyTSA :eye on BIIB again
(12:01 pm) Ed :nice bounce in SPY
(12:39 pm) Ed :15:38 HXM Reportedly indicates
it has missed an interest payment on its 2019
notes, will use 30 day grace period
(12:45 pm) Ed :USD at session lows
(12:50 pm) Mitch King:too late to do anything
but watching ULTA drop
(12:57 pm) Ed :have great evening traders
(01:00 pm) Ed :after close
(01:00 pm) Ed :ULTA reports also
(01:06 pm) Mitch King:later guys
| (05:59 am) taco :Thanks Mitch, good morning
everyone
(06:01 am) JoeyTSA :Thanks Mitch, Good
morning everyone
(06:01 am) shark :thx Mitch, gm all
(06:01 am) JoeyTSA :gap up:
QCOR,CTRX,DOLE,BEAT
(06:02 am) JoeyTSA :gap down:
LULU,BHP,GS,AMZN
(06:03 am) taco :hey shark! thanks for gaps
joey
(06:03 am) JoeyTSA :using 980-979 as /TF
support
(06:04 am) JoeyTSA :/ES range 1624-1630, both
/CL and /6J nice moves
(06:11 am) JoeyTSA :real nice bounce on /6J ,
its into 200ma, tighten if long
(06:11 am) JoeyTSA :made nice dbl bot with
pos div
(06:12 am) shark :hi taco 🙂
(06:13 am) JoeyTSA :good morning
Ed,Diosna,Murano
(06:14 am) Ed’s assistant :Good Morning joey
(06:17 am) lisas :gm all
(06:18 am) shark :USD/JPY at day lows
(06:19 am) Murano :Good morning joey
(06:19 am) JoeyTSA :Aussie $ falls to .9325
(06:19 am) JoeyTSA :thx shark
(06:23 am) elisha :good morning everyone –
thanks for info Mitch, Shark and for gaps
Joey
(06:24 am) JoeyTSA :took not too
(06:26 am) JoeyTSA :watching AMZN to see if
$275 holds
(06:29 am) JoeyTSA :see if BIDU gives
pullback to $100 and holds
(06:32 am) taco :nice 274 trgt joey on AMZN
(06:33 am) JoeyTSA :easy to see taco, not
sure how much bounce we get today though
(06:34 am) JoeyTSA :re: Mitch’s earlier
comments
(06:41 am) taco :right thx
(06:45 am) JoeyTSA :cant believe i missed
that short on ACAD, still on radar
(06:46 am) JoeyTSA :real nice call Mitch on
both SCTY and /CL
(06:52 am) skydiver :QCOR – another leg down
– caught the small long before it dropped
(06:53 am) shark :nice sky
(06:53 am) skydiver ::)
(06:54 am) JoeyTSA :/CL held S3, nice move
from there
(06:56 am) JoeyTSA :/TF came back to earlier
supprt area of 980
(07:02 am) skydiver :TSLA being nice
(07:03 am) skydiver :out 3/4 long TSLA
(07:04 am) skydiver :not me joey . . . saw
it . . .wouild have been nice
(07:04 am) shark :not me joey
(07:05 am) JoeyTSA :me either, dont usually
play stocks that low in price…
(07:05 am) JoeyTSA :but cant beat that chart
pattern, up,pullback to higher low
(07:06 am) taco :ya nice, missed it, would
trade yet anyways but nice pattern
(07:06 am) taco :wouldn’t
(07:06 am) shark :nice Ed
(07:06 am) skydiver :very nice Ed
(07:06 am) JoeyTSA :good one Ed
(07:07 am) skydiver :QCOR nice Mitch
(07:08 am) JoeyTSA :very nice, missed it
(07:09 am) JoeyTSA :made big mistake, was
more focused on $45 than i was $44..which was
stronger based on premarket
(07:09 am) skydiver :that on QCOR joey?
(07:10 am) JoeyTSA :yeah, then got watching
other stuff..missed great entry at $44
(07:10 am) skydiver :thanks for your input .
. helps me on my learning curve – but sorry
you missed it
(07:10 am) JoeyTSA :still decent day, but
that was a layup of a trade 🙂
(07:11 am) JoeyTSA :markets dont look all
that good to me right now
(07:14 am) JoeyTSA :BHP nice long off the gap
down though
(07:15 am) Ed :forget to mention qwert is out
with flu
(07:15 am) JoeyTSA :thx, he mentioned
yesterday he thought he was coming down with
it
(07:15 am) skydiver :flu in the summer – no
fun
(07:16 am) JoeyTSA :thankfully havent had the
flu in over 40yrs
(07:18 am) JoeyTSA :nice one Mitch
(07:18 am) JoeyTSA :dont bring Ed into this
🙂
(07:19 am) taco :haha
(07:19 am) skydiver :too funny
(07:19 am) vince :vnda moving up
(07:19 am) JoeyTSA :nice one vince
(07:19 am) JoeyTSA :new to the room ?
(07:20 am) vince :first day, hello to
everyone
(07:20 am) lisas :hello vince, welcom
(07:20 am) taco :hi vince, welcome!
(07:21 am) elisha :welcome vince
(07:21 am) skydiver :hi vince — welcome 🙂
(07:24 am) JoeyTSA :welcome to the room
vince, good group in here
(07:24 am) JoeyTSA :perfect Mitch !!!
(07:24 am) taco :beautiful
(07:26 am) skydiver :ok ok, I’m definately
going to start studying hard on futures . .
nice Mitch
(07:27 am) JoeyTSA :sky: you can study, but
honestly patterns are patterns for the most
part
(07:27 am) vince :thanx
(07:29 am) skydiver :gotcha joey on patterns
. . . ok . .. will start doing simulated on
futures then
(07:30 am) skydiver :market coming up a bit
(07:30 am) JoeyTSA :biggest thing with
futures to me is to know when reports come
out
(07:31 am) JoeyTSA :thankfully they come out
same time each week/month
(07:31 am) skydiver :come on TSLA – still
have a piece in it. . .thanks joey on info on
futures reports — consistent reporting days
— nice
(07:31 am) JoeyTSA :/ES over 1630
(07:31 am) JoeyTSA :breaking world news can
throw them for a loop too
(07:32 am) skydiver :gotcha joey . . .thanks
again
(07:32 am) skydiver :all out of TSLA long
(07:33 am) taco :nice one sky!
(07:33 am) skydiver :thanks taco
(07:33 am) taco :where did you take it
from?
(07:33 am) JoeyTSA :nice trading $ky
(07:34 am) skydiver :95.87
(07:34 am) skydiver :on TSLA taco
(07:34 am) JoeyTSA :graet
(07:34 am) JoeyTSA :great
(07:34 am) Ed :nice to see u back shark
(07:34 am) taco :right, the lhigher low
nice
(07:35 am) skydiver :TSLA might go higher if
market keeps moving up – a guess but . . .
(07:38 am) skydiver :been great day . . have
to get to the office a bit earlier today . .
.thanks for great calls and again nice to
have you here today Vince – make lots of $$$
🙂
(07:38 am) JoeyTSA :enjoy sky, say hi to your
boss for me 🙂
(07:38 am) taco :see ya sky
(07:39 am) skydiver ::) great boss 🙂
bye guys . and gals 🙂
(07:39 am) JoeyTSA :ALXN has lower vol, makes
a better trend trade than scalp usually
(07:40 am) JoeyTSA :break time, BIIB on
watch for break of this $219-221 range
(07:40 am) JoeyTSA :see you in 30
(07:41 am) elisha :bye sky
(07:41 am) taco :enjoy joey
(07:44 am) electrader :Can you explain
importance of sell signal on CL, Mitch?
(08:04 am) taco :good eye ed, GME nice also
(08:05 am) Ed :thx
(08:11 am) taco :ALXN still trending up
(08:13 am) taco :i have it on 5 min chart
OCN
(08:13 am) Ed :good deal
(08:15 am) JoeyTSA :nice on OCN
(08:19 am) JoeyTSA :/Cl testing $95 res
(08:23 am) JoeyTSA :CELG has been trending
up, keep eye on $120 level
(08:24 am) taco :did you short at 11:17 ed?
(08:25 am) taco :OCN
(08:25 am) Ed :11:16 took early shot
(08:25 am) taco :right with streched
candles, near 46 etc..
(08:26 am) Ed :that candle was 11:15 im
showing
(08:26 am) Ed :on my charts
(08:27 am) taco :i show 11:!5 and 11:16
stretched wick,
(08:27 am) taco :anyways, thank you
(08:27 am) Ed :no problem
(08:28 am) Ed :yea so rejection so far off
the 46 level
(08:28 am) Ed :eventhough high hit 45.80 for
now
(08:29 am) JoeyTSA ::)
(08:30 am) Ed :hey shark how u make out on
that USD/JPY
(08:31 am) taco :back in a little bit, nice
calls thanks, stay sharp
(08:32 am) JoeyTSA :enjoy taco
(08:39 am) Ed :big drop on GNMK from open
(08:39 am) JoeyTSA :yeah ugly
(08:41 am) JoeyTSA :BWLD, low vol but might
try for $100, didnt see it earlier
(08:46 am) JoeyTSA :re: BLOX, this stock
always hits my scanner, but talk about slow
haha
(08:46 am) JoeyTSA :had nice $2 bounce so far
though
(08:47 am) lisas :heading out for a
graduation, need to get ready, take care all,
thanks for the great calls!
(08:47 am) Ed :c yalisa
(08:48 am) JoeyTSA :bye li$a li$a enjoy
(08:48 am) Ed :how would u like to be holder
of bonds ouch
(08:49 am) JoeyTSA :i assume they are getting
hit?
(08:49 am) Ed :over last week
(08:49 am) JoeyTSA :yeah
(08:51 am) JoeyTSA :waiting for a break on
/ES either 1637 or 1640, not trading
inbetween right now
(09:23 am) regatta :KNDI spike
(09:28 am) JoeyTSA :vince: are you still with
us 🙂
(09:36 am) JoeyTSA :no kidding
(09:47 am) regatta :watching GNC
(10:04 am) Ed :like all volatility dried up
(10:10 am) taco :OCN had another nice run
(10:15 am) taco :thx ed
(10:20 am) taco :nice one murano
(10:21 am) Murano :thanks taco
(10:22 am) taco :OCN had the magnetic pull
of a whole number drawing it to near 47
(10:32 am) taco :thx M and Ed
(10:36 am) JoeyTSA :yeah Ed, lots of action
past few minutes
(10:45 am) JoeyTSA :/TF 60t downmove off pp
res
(10:47 am) JoeyTSA :time to eat, see you in
20
(10:49 am) taco :see ya joey
(10:59 am) taco :wow 6j is moving nice
(11:14 am) JoeyTSA :taco: did you get /6J ?
(11:15 am) taco :no joey, i’m not signe dup
for futures, just watching it
(11:15 am) JoeyTSA :oh ok
(11:15 am) taco :but enjoy the moves
(11:15 am) JoeyTSA :looks like Istanbul is a
mess too
(11:15 am) JoeyTSA :yeah, nice moves
(11:16 am) taco :my uncle, aunt cousins are
there for a wedding and a buddy teaches there
i know from highschool
(11:16 am) JoeyTSA :rotten timing
(11:16 am) JoeyTSA :hope they stay safe
(11:16 am) taco :ya, yes all are good
(11:16 am) taco :thx
(11:18 am) taco :cnn turkey had a special on
about penguins during the battles and cnn usa
had news about turkey at the same time
(11:18 am) JoeyTSA :haha
(11:20 am) taco :are you on CL 07 yet?
(11:21 am) JoeyTSA :yes
(11:22 am) JoeyTSA :unfortunately in ninja,
they dont switch automatically, so you have
to keep checking
(11:23 am) taco :right, im having issues
with TF, apparently kinetick doesn’t have
data from ICE exchange
(11:25 am) JoeyTSA :oh ok, mine is listed on
Nybot
(11:26 am) taco :i’ll ask whats up
(11:40 am) taco :Ice is Nybot and kinetick
doesn’t have data for TF. what do you watch
TF on Joey?
(11:40 am) JoeyTSA :on ninja if thats what
you mean?
(11:40 am) JoeyTSA :through my broker
(11:41 am) taco :yes, oh i see
(11:41 am) JoeyTSA :so if you had an account,
you probably would get it i am guessing
(11:41 am) taco :likely
(11:41 am) taco :ok thx
(11:41 am) JoeyTSA :no prob
(11:42 am) JoeyTSA :past 2 days have been
tough after the first 90 minutes
(11:42 am) JoeyTSA :spurt here and there but
thats it
(12:02 pm) JoeyTSA :re; BIIB..earlier mention
of 219-221 range, it broke that to the
upside, then hour ago pullback back , nice
move from there
(12:02 pm) Ed :nice call
(12:27 pm) JoeyTSA :rangel on cnbc, just not
a fan of his
(12:29 pm) Ed :QCOR sure came back to earth
(12:29 pm) JoeyTSA :yeah, trying to hold 42
(12:29 pm) JoeyTSA :avg person will look at
it and say, wow it was up $5 today
(12:30 pm) JoeyTSA :smart trader will say,
wow its down $8 today 🙂
(12:31 pm) Ed :and who says boy did it move
(12:31 pm) JoeyTSA :Eddie Money 🙂
(12:31 pm) Ed ::)
(12:33 pm) Ed :GNMK had nice slow move off
bottom not my stye of trade
(12:33 pm) JoeyTSA :yeah forgot all about
that one, you mentioned it earlier
(12:37 pm) JoeyTSA :GOLD selling off a bit
(12:38 pm) JoeyTSA :the stock, not the metal
(12:38 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano, traders
(12:38 pm) JoeyTSA :have a great day, see you
all tomorrow
(12:38 pm) taco :c ya joey
(12:38 pm) Ed :c ya joey
(12:44 pm) Murano :Done for the day, see you
tomorrow
(12:44 pm) taco :bye murano
(12:45 pm) taco :im gone too, thanks Mitch
Ed Diosna, Murano Joey and all have a great
night
(12:45 pm) Ed :c ya taco/murano
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