| (06:45 am) Mitch King:06:45 (US) Jun ISM New
York: 60.5 v 55.3 prior – Source
TradeTheNews.com
(07:00 am) Mitch King:07:00 *(US) MAY FACTORY
ORDERS: -0.5% V -0.3%E – Prior revised XXX
from 0.7% to % – No revisions – Source
TradeTheNews.com
(07:30 am) Mitch King:07:30 *(US) DOE CRUDE:
-3.2M V -2ME, GASOLINE: M V 0E, DISTILLATE: M
V +1ME – Utilization: % v 89.2%e – Distillate
demand K to 3.xxM bpd – Gasoline demand K to
8.xxM bpd – Cushing crude stocks K at 21.xxM
bbl – Source TradeTheNews.com
(05:50 am) JoeyTSA :gap up: SFLY, STZ, SCTY,
RAX, VITC
(05:50 am) JoeyTSA :gap down: CAMP, GPRO,
MZOR, SHPG
(05:52 am) JoeyTSA :reminder that tomorrow
unemployment rate comes out @ 5:30, markets
close @ 10pdt. friday markets closed 🙂
(06:14 am) Mitch King:Premarket UP: VITC,
USU, SFLY, GBX, RAX, RGSE, STZ, SCTY, GSAT,
ALU, CSIQ Premarket DOWN: DAL, CNOB, GPRO,
CAMP WATCHING: STZ, JPM, P, FB, QCOM, PAYX,
SHLM, BAC, GOOGL
(06:31 am) JoeyTSA :watching ECA
(06:32 am) Mitch King:watching GPRO for
bounce, but be careful it is going to be in a
strong downtrend for days
(06:32 am) Qwert :watching SCTY
(06:33 am) Qwert :monitoring DAL
(06:34 am) Mitch King:watching LNKD for
trades
(06:34 am) Mitch King:watching TRN for top to
short,
(06:35 am) Mitch King:watching YOKU for
trades
(06:36 am) Mitch King:USU moving up, was
strong yesterday
(06:38 am) Mitch King:watching DDD for short
(06:38 am) Qwert :monitoring WAB
(06:38 am) Mitch King:watching YELP
(06:39 am) JoeyTSA :tighten /ES if long off
the pp
(06:39 am) JoeyTSA :eye on AMZN for next
legup
(06:41 am) Mitch King:watching XONE for short
soon,
(06:45 am) Mitch King:watching for tradable
bottom in GPRO
(06:46 am) Mitch King:watching RYAM for top
to short, use limit 20 cent spread
(06:47 am) Mitch King:watching SINA for
trades
(06:47 am) Mitch King:monitoring EJ, low
priority so far
(06:48 am) Mitch King:but be prepared it is
likely to turn down after bounce for short
again
(06:48 am) Mitch King:expecting small bounce
in DDD
(06:49 am) Mitch King:expect the bounces wil
get sold on GPRO, its starting a multi-day
downtrend
(06:50 am) Mitch King:DVN spike on buyout
rumor
(06:51 am) Mitch King:watching SCTY for
bottom to buy
(06:55 am) Mitch King:QIHU strong trend
(06:55 am) JoeyTSA :GBX giving decent trades
(06:56 am) Mitch King:DDD strong bounce,
still in a downtrend overall
(07:00 am) Mitch King:07:00 (US) May Durable
Goods revised lower from -1.0% to -0.9% –
Source TradeTheNews.com
(07:01 am) Mitch King:SINA still strong
uptrend
(07:08 am) Mitch King:could drop as low as
40-41
(07:08 am) Mitch King:GPRO setting up for
strong bounce
(07:11 am) Mitch King:no hurry on selling
GPRO, expect pullback toward retesting 42
again
(07:12 am) Mitch King:should be strong V
pattern bounce in GPRO
(07:12 am) Mitch King:best guess is 43.50 to
44 on GPRO bounce
(07:13 am) Mitch King:dont get itchy finger
to sell GPRO yet
(07:14 am) Mitch King:consider reducing GPRO,
limit orders best
(07:15 am) Mitch King:SSYS resuming
downtrend
(07:17 am) Mitch King:07:10 (US) Conference
Board June new online job ads: 2.68M v 2.51M
m/m, v 2.51M y/y; total ads 5.06M v 4.90M
m/m, v 4.96M y/y – Source TradeTheNews.com
(07:20 am) Mitch King:reduce or sell GPRO if
long
(07:24 am) Mitch King:QIHU high of day, also
BIDU high of day
(07:29 am) Mitch King:the momentum from that
V pattern move off bottom on GPRO is over
(07:37 am) Mitch King:WUBA on the move, 12
cent spread, use limit orders. too late for
me to buy long
(07:50 am) Mitch King:remember we have a half
day tomorrow trading, stops at 100pm eastern
(09:07 am) Mitch King:KING moving
(09:17 am) Murano :watching STWD
(09:30 am) Mitch King:new high on KING
(09:38 am) JoeyTSA :TSLA pulling back a bit
(09:48 am) Mitch King:watching DRL, not sure
what to do with it but watching it move
(09:50 am) Mitch King:DRL should have a
blowoff top
(10:02 am) Mitch King:looking for 2nd short
helping on DRL on a rebound
(10:11 am) Mitch King:PFPT dropping
(11:16 am) Mitch King:DRL spike, another
helping short
(11:59 am) JoeyTSA :eye on NS
(12:12 pm) Mitch King:watching for bottom in
SFLY to buy
(12:14 pm) JoeyTSA :tighten NS if long
| (05:42 am) Qwert :Good morning Murano,
regatta
(05:44 am) Murano :good morning
(05:48 am) JoeyTSA :good morning
Qwert,Murano,regatta
(05:49 am) JoeyTSA :factory orders @ 7, crude
inv 7:30, yellen speaks @ 8pdt
(05:50 am) regatta :gm joey, murano and
qwert
(06:24 am) JoeyTSA :eye on /CL, see f 104.50
holds
(06:25 am) JoeyTSA :/ES testing pp also
(06:32 am) regatta :watching VJET
(06:40 am) Mitch King:good eye on VJET reg
(06:47 am) JoeyTSA :great call on USU
(06:54 am) regatta :tks for USU mitch
(06:55 am) skydiver :GBX being mentioned on
CNBC by Cramer
(07:00 am) regatta :just watching LEJU
(07:00 am) JoeyTSA :thx Mitch
(07:02 am) regatta :watching RAX
(07:02 am) JoeyTSA :eye on STZ
(07:04 am) Mitch King:you get that 2nd bounce
in USU regatta?
(07:05 am) regatta :nope
(07:06 am) regatta :do you think USU is
topping?
(07:10 am) Mitch King:looks like it reg,
double top
(07:11 am) Qwert :nice call on GPRO Mitch
thx
(07:11 am) JoeyTSA :back in 25
(07:11 am) skydiver :thnx for GPRO Mitch
info
(07:13 am) skydiver :trying not to scratch
finger on GPRO yet 🙂
(07:15 am) Mitch King:its still strong v
pattern, a pullback is often an aggressive
move to add to long
(07:15 am) Mitch King:only in this pattern
though
(07:15 am) skydiver :ok – gotcha Mitch
(07:17 am) skydiver :closing GPRO long here
– have to take a 10 minute break . . . be
back — thanks Mitch for GPRO call !! 🙂
(07:18 am) Mitch King:should keep moving up
sky, probably 44.50
(07:20 am) Mitch King:if GPRO moves back
under 42.50 would be another good long, quick
scalp though, not a big move like we just
saw
(07:21 am) Mitch King:its pretty much played
out for good trades for a while on GPRO
(07:27 am) akram :nq
(07:27 am) Mitch King:akaram, is that the
futures or the stock
(07:28 am) Mitch King:never mind, i see the
stock
(07:38 am) regatta :watching WUBA
(07:38 am) regatta :sry mitch, didn’t see
your WUBA post
(07:39 am) Mitch King:no worries
(07:50 am) regatta :GTAT moving up
(07:51 am) rd :watcheing joe
(07:54 am) skydiver :ok – back again — I
see GPRO – went up nicely
(07:55 am) pirate :watching DUST
(08:16 am) regatta :just watching CBAK
(08:36 am) Mitch King:anyone look for USU
shares to short?
(08:37 am) Mitch King:too late now, 25% short
profit in last 2 hours
(08:38 am) Qwert :none at Lightspeed Mitch
(08:38 am) JoeyTSA :LS also having option
spread order issues
(08:39 am) Qwert :yeah i see that in my
messages Joey
(08:39 am) JoeyTSA :see if USUholds $9
(08:41 am) JoeyTSA :missed nice bounce on
YELP
(08:45 am) Mitch King:when you look at USU
daily it came from $3 yesterday and hit over
$12 today
(08:45 am) Mitch King:nice bullshort
(08:46 am) Qwert :yeah Mitch did you find
shares to short it?
(08:46 am) Mitch King:no
(08:46 am) Qwert ::(
(08:46 am) Mitch King:my mouth was salivating
though
(08:47 am) Qwert :i bet like a dog 🙂
(08:51 am) akram :usu did the same in 2013
july from 2.90 – 28.00
(08:57 am) Mitch King:hmm, interesting, must
be real low float
(08:57 am) Mitch King:yeah only has 4.59 mil
shares in float, that really will move a
stock around, nice it only has a 2 cent
spread
(08:59 am) Mitch King:good call on JOE rd
(09:01 am) Mitch King:another really good
trading stock is FEYE
(09:02 am) Mitch King:tight spread, moves
around a lot, high vol, favorite trading
stock among daytraders
(09:10 am) JoeyTSA :/CL all over today
(09:11 am) JoeyTSA :right back to S1 area
(09:35 am) JoeyTSA :nice call on KING…i
assume you are ceo of that one 🙂
(09:37 am) Mitch King:i havent followed it
that closely, ipo last month, these ipos can
meander up quite a bit like this one did
before any first quarterly earnings reports
come out
(09:37 am) Mitch King:its usually bad
practice to short them overall
(09:39 am) Mitch King:nice increasing volume
on TSLA drop
(10:27 am) regatta :watching BID
(10:28 am) Mitch King:Today its USU, KING,
DRL that are big movers. Yesterday it was
GPRO, DDD, PRLB, SSYS. and they all dumped
late in session
(10:29 am) Qwert :yelp moving really nicely
today as well
(10:33 am) Murano :monitoring COH
(11:01 am) JoeyTSA :nice bounce on USU
(11:05 am) Mitch King:i want to short USU so
bad
(11:06 am) Mitch King:no shares though
anywhere
(11:06 am) JoeyTSA :yeah, well i want to go
out with Jessica Alba..sorry hahaha
(11:07 am) Mitch King:lol, bad boy
(11:07 am) Mitch King:im telling your wife
(11:07 am) JoeyTSA :she knows
(11:07 am) JoeyTSA ::)
(11:07 am) Mitch King:hey qwert, can you have
a talk with joey?
(11:12 am) Qwert :hey i want to go out with
Jessica Alba too 🙂
(11:12 am) JoeyTSA :haha
(11:12 am) Murano :missed a nice bounce in
GWPH
(11:19 am) Mitch King:yeah, GWPH been really
active the last few weeks
(11:43 am) rd :surgery is telling me I have
to go to the horizonal position. Hope you all
have a great 4th and remember to fly your
flags.
(11:44 am) Murano :see you rd
(11:45 am) rd :later
(11:57 am) regatta :watching OXY
(12:00 pm) JoeyTSA :NS had a slight spike,
just watching at the moment
(12:17 pm) JoeyTSA :calling it a day
(12:18 pm) JoeyTSA :thanks
Mitch,Murano,Qwert,traders…enjoy your
afternoon, see you tomorrow
(12:18 pm) Murano :see you Joey
(12:29 pm) regatta :DRL up again
(12:43 pm) Mitch King:strong run on that
(12:44 pm) Mitch King:notice that KING did
same
(12:56 pm) Qwert :Bye everyone cya all in the
am
(12:58 pm) Murano :done for the day, see you
tomorrow
(12:58 pm) Mitch King:thanks murano
(12:58 pm) Mitch King:see you guys tomorrow
|
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