(05:40 am) Mitch King:New York analyst says
“There are no politicians credible enough to
rapidly implement a process of descalation
and and reconciliation.” CL 08 broke out to
$105.50.
(06:09 am) JoeyTSA :watching AAPL
@ $420
(06:18 am) Mitch King:Pre Market
UP: SCTY, CTRP, PERI, CLF, ADTN, MDRX, HLF,
NUS, OSIS, BLK, WRLD, ADTN, FDO, DG, HPQ,
CAAS. Pre Market DOWN: KYN, DEO, XONE,
OPEN.
(06:30 am) JoeyTSA :eye on
RAX,VMW
(06:30 am) Mitch King:watching
RAX
(06:30 am) Mitch King:watching
CTRP
(06:31 am) Mitch King:watching
PCYC
(06:31 am) Mitch King:watching
BBY
(06:31 am) Mitch King:watching
DLTR
(06:31 am) Mitch King:watching
MNK
(06:32 am) Mitch King:watching
CXW
(06:32 am) Mitch King:watching
sODA
(06:32 am) Mitch King:watching
WLT
(06:32 am) Mitch King:watching
ISRG
(06:33 am) Mitch King:monitoring
SNDK
(06:33 am) Mitch King:watching
XONE
(06:33 am) Mitch King:watching
WAC
(06:33 am) Mitch King:watching
BIDU
(06:33 am) Mitch King:watching
FAST
(06:34 am) JoeyTSA :eye on AMZN $290
level
(06:34 am) Mitch King:watching
NOC
(06:34 am) Mitch King:monitoring
C
(06:34 am) Mitch King:watching
GRA
(06:34 am) JoeyTSA :eye on
NFLX,BIDU
(06:35 am) Mitch King:watching
CTRP
(06:35 am) Mitch King:watching
FDO
(06:36 am) Mitch King:watching
YNDX
(06:36 am) Mitch King:watching
MPEL
(06:37 am) Mitch King:watching
DHR
(06:38 am) Mitch King:watching
NFLX
(06:40 am) Mitch King:watching
AWAY
(06:40 am) Mitch King:monitoring
UAL
(06:40 am) Mitch King:watching
AXLL
(06:41 am) Mitch King:watching
PRGO
(06:42 am) Mitch King:watching
ADTN
(06:42 am) Mitch King:watching
SN
(06:43 am) JoeyTSA :tighten AAPL if
long
(06:44 am) JoeyTSA :eye on FDO for
potential breakout
(06:44 am) Mitch
King:looking for a small bounce in CL
08
(06:45 am) JoeyTSA :eye on EVEP, but
very low vol
(06:47 am) JoeyTSA :PCYC
breakout attempt
(06:47 am) Mitch
King:monitoring ALJ
(06:48 am) JoeyTSA
:eye on GMCR @ $72
(06:48 am) Mitch
King:watching EOG
(06:49 am) Mitch
King:watching WHR
(06:54 am) Qwert
:watching FTNT
(06:55 am) JoeyTSA :eye on
AGN for breakout
(06:55 am) Mitch
King:looking for another small bounce in CL
08, a little bigger this time
(06:56 am)
JoeyTSA :tighten AMZN if long
(06:56 am)
Mitch King:watching AMGN
(06:56 am) Mitch
King:WHR toppy
(06:58 am) Ed :monitor for
vol MOS
(06:58 am) Ed :MOS takeover
chatter
(06:58 am) Mitch King:monitoring
YELP
(06:58 am) JoeyTSA :/ES lots of res
at 1648
(06:59 am) Mitch King:AMGN
toppy
(06:59 am) Ed :the more selling the
better for setup
(06:59 am) Ed :monitoring
GMCR
(07:00 am) Mitch King:watching
GLNG
(07:00 am) Ed :10:00 *(US) MAY
WHOLESALE INVENTORIES: -0.5% V 0.3%E;
WHOLESALE SALES M/M: % V 0.3%E
(07:01 am)
Mitch King:monitoring ADTN
(07:02 am)
Mitch King:monitoring GS
(07:02 am)
JoeyTSA :watching $98 level on PCYC
(07:03
am) Ed :for newbies GMCR is advanced trade as
lookn to go agianst trend
(07:06 am) Ed
:lod needs to hold
(07:06 am) Ed :still
looks week GMCR so far
(07:07 am) Ed
:if lod cant hold may get quick flush on
short side
(07:07 am) Ed :covering 3/4
GMCR short
(07:08 am) JoeyTSA :tighten
PCYC if long on that breakout, still
think it wants $100 though
(07:11 am) Ed
:I will trail last 1/4 short GMCr using high
of candle on 1minute to play it tight for
trail stop
(07:13 am) Mitch
King:monitoring FSLR
(07:14 am) Ed :alll
out GMCr short
(07:15 am) Mitch
King:watching ADTN closer
(07:15 am) Mitch
King:monitoring CTRP
(07:18 am) Mitch
King:monitoring JWN
(07:18 am) Ed :if u
were able to get long GMCR would reduce some
in here
(07:19 am) Mitch King:thats ES
09
(07:19 am) Mitch King:wathcing CL 08
for bottom
(07:19 am) Mitch King:watching
ES for bottom
(07:21 am) Ed :ino rush we
wait for setup
(07:21 am) Mitch
King:watching TSLA
(07:21 am) Ed :if u
missed GMCR what u look for is test as close
to lod 67.79 without area being taken out for
an entry long
(07:22 am) Ed :no need to
rush let stock setup, it will let u know what
it waants to do
(07:24 am) Mitch
King:Crude Oil inventories in 6
minutes
(07:25 am) JoeyTSA :/ES testing
1644 pp support
(07:28 am) Ed :for last
1/4 GTMCr long will trail using
10sma
(07:29 am) Mitch King:odds are high
crude oils drops down on inventory report,
but not a recommendation to make a
position
(07:29 am) Ed :so right
behind 69.24 price
(07:30 am) Ed :*(US)
DOE CRUDE: -9.9M V -3ME; GASOLINE: ## V
-0.5ME; DISTILLATE: ## V +0.5ME
(07:31 am)
Ed :Im all out GMCr long
(07:33 am) Mitch
King:watching STML
(07:35 am) Ed :no
confirming reports but word the Einohorne has
increased short position in GMCr
short
(07:44 am) Mitch King:watching
PCYC
(07:45 am) Mitch King:watching
BIIB
(07:51 am) Mitch King:watching ADTN
again
(07:55 am) Mitch King:looking for a
bounce in CL 08
(08:02 am) Mitch
King:monitoring MSM
(08:06 am) Mitch
King:watching TRIP
(08:19 am) Mitch
King:looking for a bottom in CL 08
(08:31
am) Ed :MJN on move
(08:33 am) Ed :MJN
Updates on China antitrust review – Mead
Johnson China continues to fully cooperate
with the recent antitrust review of resale
prices-
(08:35 am) Mitch King:watching
HLF
(08:39 am) Ed :i only have 1/4 left on
MJN long
(08:40 am) Ed :will trail using
10sma
(08:43 am) Ed :Im out all MJN
long
(08:50 am) JoeyTSA :eye on ALXN,
potential breakout over $98
(08:58 am)
Mitch King:monitoring YNDX
(09:10 am)
Qwert :watchingn BBEP
(09:27 am) Mitch
King:watching MNK
(09:51 am) Mitch
King:monitoring YY
(10:10 am) Mitch
King:watching ALXN
(10:13 am) Mitch
King:looking for 10 ticks on CL 08
(10:37
am) Mitch King:CL
(10:38 am) Ed :13:38
Gasoline futures (RBOB) trade above $3.00 for
the first time since April (related USO )
–
(10:46 am) Ed :FOMC meeting minutes
should be up at top of hour
(11:00 am) Ed
:US) MINUTES OF THE JUNE 19 FOMC MEETING:
HALF OF OFFICIALS SAW BOND BUYING END LATE
THIS YEAR; SEVERAL OFFICIALS WORRIED ABOUT
DOWNSIDE INFLATION RISKS
(11:01 am) Ed :so
far from reaction
(11:01 am) Ed :getting
bounce in bonds/gold
(11:02 am) Ed :gettig
dropp in us $ rise in euro
(11:08 am)
Murano :watching LO
(11:21 am) JoeyTSA
:low priced GTXI
(11:25 am) Murano
:watching FDO
(11:41 am) JoeyTSA :tighten
GTXI if long
(11:49 am) Ed :getting pop in
rates, causing selloff
(12:04 pm) Murano
:watching M
(12:20 pm) Qwert :monitoring
DAL
(12:55 pm) Ed :have great evening
traders
(12:56 pm) Ed :Ben will start
speech in about 15 minutes followed by Q
& A
(01:04 pm) Mitch King:bye
guys
| (05:24 am) taco :Gm Qwert, Regatta
Mberl1
(05:42 am) taco :/GC and /SI
dropping
(05:55 am) JoeyTSA :thx
Mitch
(05:55 am) JoeyTSA :Good morning
Mitch,Qwert,everyone
(06:01 am) Qwert
:Good morning to everybody
(06:01 am)
taco :BABY had another down day
yesterday
(06:01 am) JoeyTSA :wholesale
inv @ 7pdt, crude inv @ 7:30pdt, 10yr bond
auction 10am,FOMC @ 11am
(06:02 am)
JoeyTSA :gap up:
ADTN,NUS,FDO,CTRP,NVO,HLF
(06:02 am)
JoeyTSA :gap down: KYN,RYAAY
(06:05 am)
Qwert :thx joey CLF a nice gap also
(06:06
am) JoeyTSA :thx qwert, was staring right at
CLF and didnt put it up haha
(06:08 am)
taco :thx for gappers guys
(06:11
am) JoeyTSA :watching $105.30,$105.50 on
/CL
(06:11 am) JoeyTSA :watching 2 ranges
on /ES, but with fomc will be more
cautious..
(06:12 am) JoeyTSA :small range
1643-1647, wider 1640-1650
(06:15 am)
emma :good morning everyone whats
happen with apple
(06:16 am)
skydiver :gm all
(06:16 am)
shark :gm all
(06:16 am)
skydiver :my echo 🙂
(06:16 am)
shark :;)
(06:20 am) skydiver
:thanks Mitch and joey for gappers and
qwert
(06:20 am) taco :thx
Micth
(06:24 am) JoeyTSA :emma ; i
think AAPL is having some legal
issue? maybe i heard it wrong
though
(06:24 am) taco :PERI moving
a bit
(06:24 am) JoeyTSA :Good morning Ed,
Murano and everyone who signed on since last
gm’s 🙂
(06:25 am) JoeyTSA :fomc is
the big thing today, noticed that uncle
Ben isnt going to speak until after market
closes hmmm
(06:25 am) JoeyTSA :he
is listed to speak at 1:10 pdt
(06:26 am)
shark :FOMC, Ben…both in same
day. Hmmm
(06:27 am) JoeyTSA :shark: lots
of smoke on west side of town, fires getting
bad
(06:27 am) skydiver :NUS
pre-market moving downward – keeping an eye
on it
(06:27 am) shark :crazy bad,
can smell it now
(06:30 am) elisha
:gm all
(06:38 am) skydiver :NUS
short working
(06:38 am) shark :nice
sky 🙂
(06:38 am) JoeyTSA :yeah sky
🙂
(06:38 am) skydiver ::)
(06:39
am) JoeyTSA :nice bounce on AAPL, BIDU
still strong
(06:44 am) regatta
:watching FAST
(06:51 am) Ed :nice regatta
on FAST
(06:51 am) JoeyTSA :very nice
regatta
(06:51 am) skydiver :nice
one regatta on FAST – and thnx
(06:52 am)
Qwert :thx for fast regatta
(06:52 am)
regatta :mitch called it
earlier
(06:52 am) regatta :you can
send him the ice cream
(06:55 am)
regatta :watching BBY
(06:57 am)
skydiver :MOS – take over
chatter
(07:00 am) JoeyTSA :yeah, nice
short so far Ed
(07:00 am) Ed :wish was on
the short
(07:00 am) JoeyTSA :thx for
report info
(07:01 am) Ed :i post news and
change charts, where is Diosna when u need
her 🙂
(07:01 am) JoeyTSA ::)
(07:06
am) JoeyTSA :yeah, i closed short too
early
(07:07 am) JoeyTSA :yep, nice
call
(07:07 am) taco :nice
(07:08
am) Ed :thx those are my favorite
(07:08
am) Ed :2nd favorite
(07:09 am) JoeyTSA
:got stopped on that little pullback on
PCYC
(07:10 am) JoeyTSA :NFLX making a dbl
bot in $242 area, just watching at the
moment
(07:12 am) JoeyTSA :AMGN trying for
$100
(07:12 am) JoeyTSA :i think Mitch
called AMGN, nice one
(07:12 am)
skydiver :nice Ed on GMCR
(07:12 am)
Ed :joey i think u need a mulligan
(07:12
am) Ed :i used all mine up
(07:13 am)
JoeyTSA :$100 printed on AMGN, need a
mulligan on that one
(07:13 am) JoeyTSA
:too many ideas to get everything
(07:22
am) taco :thx ed
(07:23 am)
skydiver :yes . . thanks Ed for info on
GMCR
(07:27 am) JoeyTSA :all big names on
pullback except AAPL at the moment
(07:28
am) JoeyTSA :/CL in slight downtrend,
watching 104.90 support level
(07:29 am)
JoeyTSA :nice trade Ed, thx Mitch
(07:31
am) Qwert :nice ED
(07:31 am) JoeyTSA
:nice pop on /CL
(07:31 am) JoeyTSA
:testing R3
(07:31 am) taco :nice
ed, will you look for re-test of
lod?
(07:32 am) taco :to play
again?
(07:32 am) Ed :I tend not to play
after first wave
(07:32 am) Ed :but u can
look for double bottom on it
(07:32 am)
taco :ok thx
(07:35 am) taco
:YELP watching
(07:36 am) taco :thx
ed
(07:39 am) JoeyTSA :break time, see you
in 20
(07:39 am) taco
:enjoy
(07:40 am) skydiver :take
care joey and I’m heading to a meeting.
Have a great day and thanks again for great
calls 🙂
(07:40 am) Qwert :cya
sky
(07:41 am) skydiver
::)
(07:41 am) taco :bye sky, nice
trading:)
(07:44 am) taco :where did
you enter GMCR s ed?
(07:45 am) Ed :10;14
68.48
(07:45 am) Ed :10:14 @
68.48
(07:45 am) taco :sorry,
short
(07:46 am) Ed :69.69 @
10:07
(07:47 am) taco :nice,
thanks
(07:47 am) Ed :no problem
(07:47
am) taco :beauty entries
(07:48 am)
Ed :thx
(07:48 am) taco :was
shorting the top around 70.91 lower
odds?
(07:49 am) taco :is the upside
down flag part of the clue?
(07:49 am) Ed
:the higher odds setup was it losing that
72.38 area
(07:49 am) Ed :did not see
it
(07:49 am) taco :ah
(07:49 am)
taco :right
(07:50 am) Ed :i did not
see upside down flag i just notice whil was
waiting for long, it was acting
weak,
(07:51 am) taco
:right
(08:04 am) JoeyTSA :very nice
breakout on PCYC, hope some got it
(08:05
am) JoeyTSA :eye on NUS here at $74
(08:14
am) JoeyTSA :watching AMGN in the $100 area
again too
(08:17 am) taco :joey,
with some resistance till 74.28 what do you
use for good indication of break
out?
(08:17 am) taco :NUS
(08:17
am) taco :where would your entry
be?
(08:18 am) JoeyTSA :i was actually
hoping the indicators would be more
oversold
(08:18 am) taco :i see PCYC
was good with indicators
(08:18 am)
JoeyTSA :they are kind of in the
middle, but over $75 would get me
excited
(08:19 am) JoeyTSA :plus PCYC had
the $100 magnet
(08:19 am) taco
:right
(08:19 am) taco :which is the
oversold/bought indicator?
(08:19 am)
JoeyTSA :im just using stochastics and
macd
(08:20 am) taco :same
(08:20
am) JoeyTSA :also look at vol
(08:20 am)
taco :right
(08:22 am) taco
:PCYC tri top
(08:22 am) JoeyTSA :yeah
$102 big res so far
(08:23 am) taco
:so could use 101 and 102
(08:23 am)
JoeyTSA :too bad i missed the 1st couple of
breakout areas, finally got it at
$98
(08:25 am) JoeyTSA :taco: other times
i look for divergences for entries
(08:27
am) JoeyTSA :$74 was nice buy area on NUS,
but im not in it
(08:28 am) taco
:divergences on the indicators?
(08:29 am)
JoeyTSA :more between indi and
price
(08:29 am) JoeyTSA :doesnt always
happen though
(08:29 am) taco :what
does that mean?
(08:30 am) taco :i
always thought it was when indicators
crossed
(08:30 am) JoeyTSA :one of my fav
buy signals is dbl bot with pos div
(08:31
am) JoeyTSA :but it helps when you are
following the main trend, its not always a
cut and dried signal
(08:32 am) JoeyTSA
:unfortunately in trading, there are hundreds
of ways, sometimes you have to
improvise
(08:32 am) JoeyTSA :nice on MJN
Ed
(08:33 am) Ed :thx
(08:33 am)
JoeyTSA :did that make sense taco?
(08:34
am) taco :not sure about divergence,
but am looking it up, the rest does yes
thx
(08:35 am) JoeyTSA :pos div ;
price makes dbl bottom at $80 , indis make a
higher low on that 2nd bottom..that would be
pos div
(08:36 am) Murano :MJN is cutting
it’s prices in China by 7% to15% as of
July16, I don’t think that is a
positive
(08:37 am) JoeyTSA :china #’s
werent that good today also, but their index
went up haha
(08:37 am) taco
:thx joey
(08:38 am) JoeyTSA :again
though, i attempt to take the overall trend
into consideration too
(08:41 am) Ed :ur
right murano, but it had alreadys sold down
hard on news first week of july
(08:41 am)
Ed :the reduction in sales were known, only
new is that they are coeperating
fully
(08:42 am) Murano :yeah, it dropped
under 67. I guess this gives some
clarity to investors.
(08:44 am) Ed :good
point
(08:48 am) taco
:http://www.investopedia.com/terms/d/divergen
ce.asp
(08:48 am) taco :makes sense
joey thx
(08:49 am) JoeyTSA :good, that
site probably better than my rambling
haha
(08:49 am) taco :it had a
picture haha
(08:49 am) JoeyTSA
::)
(08:50 am) JoeyTSA :trading is like
trying to determine the weather 🙂
(08:50
am) Murano :joey, I think taco is telling you
a picture is worth a thousand words
(08:50
am) JoeyTSA :good, i got tired at 500
🙂
(08:50 am) Murano :haha
(08:50 am)
taco :yup:)
(08:50 am) taco
:lol
(08:50 am) Ed :making me hungry
everytime i see that taco name
(08:51 am)
taco :will send one your
way;)
(08:51 am) JoeyTSA :re;ALXN..1st
breakout area was $96, but now see if
it makes run to $100
(08:52 am) JoeyTSA
:but lower vol at the moment, lunchtime and
fomc in 2 hours, i wouldnt get overly
aggressive
(09:12 am) JoeyTSA :have to
run, hope to be back for fomc release..nice
calls today
(09:12 am) taco :c ya
joey good work thx
(10:26 am) taco
:/GC moving down
(10:47 am) taco
:thx ed
(10:59 am) JoeyTSA :GS in a 30c
range past hour or so
(11:01 am)
taco :/GC big pop
(11:01 am) JoeyTSA
:same on /ES
(11:08 am) JoeyTSA :NUS over
$78 now, nice move
(11:16 am) taco
:thx murano LO
(11:20 am) JoeyTSA :nice
overall day for SSYS after a couple poor
days
(11:21 am) JoeyTSA :GTXI getting lots
of vol
(11:22 am) JoeyTSA :AMGN pushing
over $102 now
(11:27 am) JoeyTSA :FDO
another nice play from earlier breakout
level
(11:36 am) Murano :covered 3/4
FDO
(11:43 am) Ed :nice trading
(11:49
am) JoeyTSA :ahhh thx Ed
(11:50 am)
JoeyTSA :AAPL trying to hold $420
(11:51
am) JoeyTSA :i wonder if uncle ben has bad
news to say since he is waiting until after
hours to talk?
(11:52 am) Ed
:possible
(11:52 am) Ed :means $ and gold
should have some moves
(11:52 am) JoeyTSA
:yeah, probably the vix vehicles
too
(11:53 am) JoeyTSA :NUS holding well
on selloff, didnt realize they had an upgrade
with $100 target
(11:58 am) Murano
:stopped last 1/4 FDO 69.02
sorry was on the phone
(12:15 pm) JoeyTSA
:have to leave early
(12:15 pm) JoeyTSA
:Thanks
Mitch,Ed,Murano,Qwert,everyone
(12:16 pm)
JoeyTSA :have a great day, see you all
tomorrow
(12:16 pm) Ed :c ya
joey
(12:16 pm) taco :c ya
joey
(12:16 pm) Qwert :cya joey have a
great night
(12:17 pm) Murano :see you
joey
(12:25 pm) Murano :out 3/4
M
(12:28 pm) Qwert :Thx for M
murano
(12:32 pm) Murano :out last 1/4
M
(12:35 pm) Murano :done for the day, see
you tomorrow
(12:35 pm) taco :thx
murano take care
(12:36 pm) Ed :c ya
murano
(12:36 pm) Qwert :bye Murano have a
nice night
(12:56 pm) taco :thx ed
u2
(12:57 pm) taco :thanks Mitch,
Qwert and everyone see you in the
am
(01:04 pm) emma :you
too
(01:10 pm) Qwert :Bye everyone
|
Web Special
