[06:13 am] Brent : good morning
[06:23 am]
Kris : Good Morning Traders and
Tradettes
[06:27 am] Kris : This morning
I’m watching NTRI, COP, KEX, MAR, VMW, ARMH,
and BMRN as possible shorts
[06:27 am]
Kris : sorry, NTRI is a possible
long
[06:27 am] Kris : NTRI, KEX, HIG,
SINA, and YUM as possible longs
[06:28 am]
Kris : MRX, woman found dead at CEO’s
home
[06:29 am] Kris : quoted as saying
violent and suspicous death, that is whats
causing this mornings sell off in
MRX.
[06:29 am] Kris : 1 minute, Time to
Rock!
[06:30 am] Kris : HIG long half
position
[06:30 am] Kris : COP short half
position
[06:31 am] Kris : SINA
long
[06:31 am] Kris : JVA short
[06:32
am] Kris : I will go long YUM over
57.50
[06:33 am] Kris : start with half
SOHU
[06:33 am] Kris : SOHU long
[06:33
am] Kris : SINA moving higher
[06:33 am]
Kris : add on a pullback
[06:34 am] Kris :
SPY tring to hold support here
[06:34 am]
Kris : out half SINA long
[06:34 am] Kris
: JVA new lows
[06:34 am] Kris : AKAM
short half position
[06:35 am] Mitch K:
watching WYNN for short
[06:35 am] Kris :
SWC short
[06:36 am] Mitch K: watching
GMCR for bottom
[06:36 am] Kris : will
look to add again on a COP bounce to lower
high.
[06:36 am] Kris : out half COP
short
[06:36 am] Kris : MAR short half
position
[06:37 am] Kris : SINA and SOHU
consolidating, looking for higher highs on
both.
[06:37 am] Kris : out half AKAM
short
[06:37 am] Kris : JAZZ long half
position
[06:38 am] Kris : watching ARUN
for a bounce and then a break to new
low. I won’t short it until I get
that.
[06:38 am] Kris : SOHU new
highs
[06:39 am] Kris : looking to short
second half AKAM soon, will wait for a top on
this bounce.
[06:39 am] Kris : out another
1/4 SINA long
[06:40 am] Kris : will look
to add more JAZZ long on a pullback
[06:40
am] Kris : SINA moving higher
[06:40 am]
Kris : out half JAZZ long
[06:40 am] Kris
: looking for a weak bounce in COP and then a
break to new lows
[06:41 am] Kris :
watching JOYG for a short
[06:41 am] Kris
: out half SOHU long
[06:42 am] Kris : SWC
not getting much love, look for a fail once
the market turns over.
[06:43 am] Mitch K:
consider selling or reducing GMCR
[06:43
am] Kris : VIT long half position
[06:43
am] Kris : HST looking ill, watch for a
bounce to short into. Don’t chase it
here.
[06:44 am] Kris : SVNT long very
small position
[06:44 am] Kris : SOHU
holding trend so far
[06:44 am] Kris : JVA
looking to test the lows, could see 20.00
today
[06:44 am] Kris : AKAM short second
half
[06:45 am] Mitch K: watching for
quick short on ADTN
[06:45 am] Kris : will
add to SODA on a pullback
[06:45 am] Kris
: SWC trying to hold lod
[06:45 am] Kris :
SODA long half position
[06:45 am] Kris :
short more COP here in this area
[06:46
am] Kris : MAR new lows
[06:46 am] Kris :
out another 1/4 JAZZ long
[06:47 am] Kris
: will add some JAZZ on a pullback.
I’ll post when I add.
[06:48 am] Kris :
SOHU looking to test hod
[06:48 am] Kris :
JAZZ new hod, never thought of myself as a
JAZZ fan.
[06:49 am] Kris : watch CRZO for
a weak bounce and then a fail to new lows for
a short
[06:49 am] Kris : I’ll get you
later bert
[06:49 am] Kris : HIG moving up
to test hod
[06:49 am] Brent : watching
RMD for a short. Resistance around
$34.00
[06:50 am] Kris : watching AGU for
consolidation below 90.00 and then a break
for a long over 90.00. I won’t take it
on a break here yet. want it to
pullback first.
[06:50 am] Kris : out
another 1/4 SOHU long
[06:51 am] Kris :
out half VIT long
[06:51 am] Kris : out
half SVNT long, will look to add on a
pullback.
[06:52 am] Kris : HOGS
ALERT
[06:52 am] Kris : COP testing lod,
look for lower lows soon
[06:52 am] Kris :
out 1/4 COP short here to lock in more
profits.
[06:53 am] Kris : come on JVA,
come to papa americano
[06:53 am] Brent :
consider reducing RMD if short
[06:54 am]
Kris : SODA consolidating just under hod,
look for a break over 75.00
[06:54 am]
Kris : could be a good spot here in this area
to add a little more SODA long
[06:54 am]
Kris : AVGO long half position
[06:55 am]
Kris : SOHU also consolidating, look for
higher highs.
[06:55 am] Kris : MAR new
lows, No love for MAR.
[06:55 am]
Kris : if you’re still long HIG, look to take
some profits here in this area.
[06:56 am]
Mitch K: watching DDS for short
soon
[06:56 am] Kris : IMAX long half
position
[06:56 am] Kris : out another 1/4
VIT long
[06:57 am] Kris : UBS says COP is
near it’s value
[06:58 am] Kris : out half
MAR short
[06:58 am] Kris : out another
1/4 COP short
[07:00 am] Kris : will look
to go long XLNX on a pullback
[07:00 am]
Kris : I’ll wait to add to my longs until we
get a bottom in this market pullback
first.
[07:01 am] Kris : out all VIT
long
[07:01 am] Kris : if you want to
really master your time strategy, dig into
how it relates to news reports.
[07:01 am]
Kris : economic report gecko
[07:02 am]
Kris : out half AKAM short
[07:02 am] Kris
: DIE AKAM
[07:02 am] Kris : AKAM trying
to break new lows
[07:02 am] Kris : out
another 1/4 COP short
[07:03 am] Kris :
out another 1/4 MAR short
[07:03 am] Kris
: out another 1/4 AKAM short
[07:03 am]
Mitch K: watching PLD for short
[07:03 am]
Kris : SPY consolidating near hod
[07:04
am] Kris : will hold last 1/4 MAR for break
below lod
[07:04 am] Kris : YUM long half
position
[07:04 am] Kris : I see a theme,
COP, HOGS, YUM
[07:04 am] Kris : COP new
lows
[07:05 am] Kris : long second half
AVGO
[07:06 am] Mitch K: considering AEA
for swing short
[07:06 am] Kris : YUM new
highs
[07:06 am] Kris : Wells Fargo
defending MRX
[07:06 am] Kris : GO YUM
GO
[07:07 am] Kris : CLNE short small
position
[07:07 am] Kris : AKAM still
looking weak
[07:08 am] Kris : LLY coming
up on resistance, will look to consider a
long on a pullback and then add with a push
through 38.10
[07:09 am] Kris : they
probably released that report so the price
would hold for 1 minute so they could sell
their shares.
[07:09 am] Kris : I guess WF
didn’t help MRX much
[07:10 am] Kris :
these firms usually say one thing and do
another
[07:10 am] Kris : out all COP for
now, may trade it again to the short
side.
[07:10 am] Kris : I was thinking the
same thing joeytsa
[07:11 am] Kris : buy
their own downgrades or sell their own
upgrades
[07:11 am] Kris : AKAM still
looking weak in the knees
[07:12 am] Kris
: SPY selling off some here
[07:17 am]
Kris : that would be fine scalpman, it should
hold up.
[07:17 am] Kris : look to cover
most or all of AKAM here soon.
[07:17 am]
Kris : coming into solid support at 30.00 on
AKAM
[07:17 am] Kris : AKAM lower
lows
[07:19 am] Kris : 34.00 good support
RMD, could bounce a little early
[07:20
am] Kris : SWC support around 17.20
[07:20
am] Kris : SWC new lows
[07:21 am] Kris :
ok JVA, let’s try this again
[07:21 am]
Kris : looking for new high in AVGO
[07:23
am] Kris : SODA starting to move up a little,
still looking for that break over
75.00
[07:23 am] Kris : out all AKAM
short
[07:23 am] Kris : it was a short
from the open mhaus, just looking for a new
low. I’m not adding here.
[07:24 am]
Mitch K: watching YOKU
[07:24 am] Kris :
watch NWSA for a long over 16.15
[07:24
am] Kris : a SPY new hod would help out the
longs.
[07:25 am] Kris : look to cover
most or all of SWC if you still have it short
here.
[07:26 am] Kris : MAR setting up for
another move lower
[07:27 am] Kris : go
SODA go
[07:28 am] Kris : VMED long half
position
[07:28 am] Kris : SPY trying for
hod breakout
[07:29 am] Mitch K: YOKU
looks very interesting for long
soon
[07:29 am] Kris : Most rumors are
bs
[07:30 am] Kris : look to lock in some
profit here on SODA if you added or entered
on the pullback.
[07:31 am] Kris : COP new
lows
[07:32 am] Kris : MAR new
lows
[07:33 am] Kris : I think NYX halted
for news pending.
[07:35 am] Kris : COF
short half position
[07:36 am] Kris : WSM
short half position
[07:38 am] Kris : SPY
at trendline support, watch it here
[07:40
am] Mitch K: consider covering PLD short
soon
[07:40 am] Kris : LLY long small
position
[07:41 am] Kris : SWC another new
low
[07:42 am] Kris : MAR new
lod
[07:42 am] Kris : AKAM coming down to
test lod
[07:47 am] Kris : MCP
news
[07:48 am] Kris : will look to add my
second half VMED long soon
[07:49 am] Kris
: JAZZ holding up against the market, saying
patient with it.
[07:49 am] Kris : COF new
lows
[07:50 am] Mitch K: should get a
bounce in RMD; consider covering if
short
[07:50 am] Kris : out half COF
short
[07:50 am] Kris : AKAM new
lows
[07:51 am] Mitch K: watching
CTXS
[07:51 am] Mitch K: NYX
halted
[07:51 am] Kris : looking for a
lower low in WSM
[07:51 am] Kris : out
another 1/4 COF short
[07:52 am] Kris :
out all COF short
[07:53 am] Kris : spy at
support
[07:53 am] Kris : long second half
VMED
[07:56 am] Mitch K: RMD should bounce
here
[07:58 am] Kris : will consider a
short on BBT on a bounce, will start small
and add on break below 25.20
[07:58 am]
Kris : thanks rusty
[07:58 am] Kris : JVA
finally broke
[07:58 am] Kris : COP new
lod
[07:59 am] Kris : out half WSM
short
[07:59 am] Kris : ok, start picking
out value stocks to pick up long once the
market finds a bottom
[08:00 am] Kris : we
should get a tradable bounce soon
[08:00
am] Kris : out all WSM short
[08:00 am]
Kris : out all COF short for now
[08:00
am] Kris : MAR long small position
[08:01
am] Kris : stop MAR under 34.27
[08:01 am]
Kris : AKAM long small position
[08:01 am]
Brent : watch the $75 area on CTXS if long,
has resistance there
[08:05 am] Kris :
watch CLNE for a short below 16.00
[08:07
am] Brent : consider reducing CTXS if long,
next target 75.40 area
[08:08 am] Kris :
ESI long half position
[08:10 am] Kris :
ADTN short small position
[08:12 am] Kris
: Lunch on Matt
[08:12 am] Kris : geez
matt, brining out the nice china are
we?
[08:13 am] Kris : chow time, grab a
paper plate and get wit it
[08:16 am] Kris
: ICGN too thin for me 3be.
[08:26 am]
Kris : out half ESI long
[08:30 am] Brent
: RMD needs to break this 33.60 area if you
are long from Mitch’s call earlier
[08:32
am] Kris : watch SPY for break to new low,
caution on the longs
[08:40 am] Kris : BID
short half position
[08:41 am] Kris : out
half ADTN short
[08:41 am] Kris : CLNE
coming up on support
[08:44 am] Kris :
CLNE new lod
[08:45 am] Kris : SWC long
small position
[08:45 am] Kris : sorry
dave, didn’t see your post
[08:46 am] Kris
: LLY stop under 37.86
[08:47 am] Kris :
out another 1/4 ADTN short
[08:52 am] Kris
: BID targets at 44.40 and then
44.05
[08:52 am] Kris : LLY coming up into
hod resistance, looking for new
high.
[08:54 am] Kris : yes kirkg, I
posted my first half exit and stopped out on
my second half.
[08:55 am] Kris : out half
BID short
[08:56 am] Kris : SPWRA
ALERT
[08:56 am] Kris : nice one
arkadiy
[08:57 am] Kris : thanks
matt
[08:57 am] Kris : anyone get CLNE
short on that new low below 16.00?
[08:58
am] Kris : Prop firms charge more but they’ll
let you short just about anything. One
option if you have the resources is to setup
a prop firm account and only use it when you
can’t find shares of something.
[08:59 am]
Kris : LLY pushing through hod
[09:03 am]
Kris : Here is one leo, you have to contact
them
[09:04 am] Kris : out half LLY
long
[09:04 am] Kris :
http://oceanviewtrade.com
[09:09 am] Kris
: SPY at lod support again
[09:12 am] Kris
: key support at 131.30 on the spy. we
lose that and we could be headed for 130 and
then 127/126 area.
[09:13 am] Mitch K:
realize how a prop firm works first.
Negatives: 1) cant get your money out
for 12 months 2) not insured like
normal brokerage firm 3) you share your
profits with that firm, maybe 5-10% of your
profits with them 4) if you dont make
money consistently, you will be asked to
leave, they only keep the top 10-15% of
traders
[09:17 am] Mitch K:
Positives: 1) you can get most shares
short in inventory, probably because they are
naked short selling and its difficult for
regulators to audit if shares were
available. 2) 20 to 1 leverage, which
can be very bad too if you lose. oh,
another negative i forgot to post:
3) everyone in the firm knows who are
the best and worst traders, no
confidentiality at all.
[09:18 am] Kris :
SPY selling off into support on the
daily
[09:18 am] Kris : looking for new
low in ADTN
[09:18 am] Kris : COF new
lows
[09:18 am] Kris : out another 1/4 BID
short
[09:19 am] Kris : LLY holding up and
consolidating against this market move, look
for higher highs on LLY if the market can
find a bottom.
[09:19 am] Kris : CLNE
support around 15.50
[09:20 am] Kris :
ADTN new low
[09:21 am] Kris : out all BID
short
[09:22 am] Kris : watching JAZZ for
a long
[09:22 am] Kris : thanks
candelas
[09:22 am] Kris : sorry, thanks
rusty
[09:31 am] Kris : watch the spy for
a new low
[09:48 am] Kris : GPOR
ALERT
[09:48 am] Kris : disregard GPOR,
too late to spot
[09:49 am] Kris : SPWRA
in a tough spot for me here ron. I’ll
pass at this price.
[09:53 am] Kris : ADTN
new lows
[10:00 am] Kris : out all ADTN
short
[10:01 am] Kris : looking to see if
BID can break the lows, solid support at
44.00
[10:07 am] Kris : yes qwert, I’ll
probably take a small nibble
[10:07 am]
Kris : and I’ll have an email back to you
later today on those questions.
[10:15 am]
Kris : you can start small there qwert but
you might run into light resistance around
99.60. Then you can add on a break
below that on VMW.
[10:15 am] Kris : COF
setting up for another breakdown
[10:15
am] Kris : break time for me. be back
in 30. Bert has the con.
[10:32 am]
Brent : thx Rusty
[10:38 am] Mitch K:
should be a quick shor tin BIDU
[10:40 am]
Mitch K: that comment earlier from Bernanke
stating the central bank “is not prepared to
take further action.” took the market down
from 10:20am eastern time high
[10:41 am]
Mitch K: so all the excitement from yesterda
is evaporated
[10:41 am] Mitch K: note oil
is down over $4 since 1000am today
[10:41
am] Mitch K: forget the BIDU trade, holding
up too well
[10:42 am] Mitch K: there is a
chart on oil fyi
[10:49 am] Kris : ok, I’m
back
[11:21 am] Kris : out all LLY
long
[11:23 am] Mitch K: more downside on
SPWRA
[11:23 am] Mitch K: missed the top
in SPWRA, even after assistant told me about
it
[11:23 am] Kris : thanks
rusty
[11:24 am] Kris : what question
babak?
[11:31 am] Kris : This is the time
of the day where I start to focus more on
reviewing my trades for the day and scanning
for tomorrows possible setups.
[11:31 am]
Kris : NWSA should give a tradable
bounce. support around 15.30 but could
go a little early. be
patient.
[11:32 am] Kris : does someone
have news on NWSA?
[11:33 am] Mitch K:
thats what i was looking for here SPWRA,
maybe try for below $22 before
covering
[11:34 am] Kris : tight
[11:34
am] Kris : They pulled a Murdoch
[11:34
am] Kris : not good for them
[11:34 am]
Kris : if you take this long, be quick about
it and stay top.
[11:35 am] Kris : you
want to see something fun, watch this break
the lod now.
[11:35 am] Kris : if it makes
a new low, it will probably crap it’s
pantsuit
[11:36 am] Kris : that’s the news
about hacking into 9/11 victims cell
phones
[11:37 am] Kris : they even hacked
into a girls cell phone that was abducted and
erased her messages.
[11:37 am] Kris : I
saw that last night
[11:38 am] Kris : they
want to go to hell and they don’t want to
wait in line.
[11:38 am] Kris : her family
thought because her messages were erased that
she was still alive.
[11:38 am] Kris :
express pass
[11:38 am] Kris : and they
found her body a week later.
[11:39 am]
Kris : SOHU news spin off web unit
[11:40
am] Kris : Shangai Daily report.
Spinning off their video unit to tap into
increasing ad revenue.
[11:40 am] Kris :
he was probably short at 18.00
[11:40 am]
Kris : come on NWSA, break 15.20
[11:46
am] Kris : johnny, stochastics can vary from
platform to platform in the way they display
even with the same settings. Mitch,
Brent and I all use slightly different
settings so I think it will be more about
personal choice what your final settings will
be.
[11:46 am] Kris : I use basic
stochastics currently with a 7/6/4
setting
[11:46 am] Kris : I was using a
10/7/4 and adjusted it a few months
back
[11:47 am] Kris : watch NFLX for a
possible breakdown tomorrow for a short
setup.
[11:47 am] Kris : NFLX at key
support on daily
[11:47 am] Kris : below
286.50 on NFLX, set an alert around
287.00
[11:48 am] Mitch K: theres a knife
in chest for SPWRA, consider covering some of
this short
[11:48 am] Mitch K: consider
selling NWSA if long
[11:49 am] Kris :
support on that NFLX short would be 284.00,
then 280 and 278
[11:50 am] Kris : watch
JVA tomorrow below 19.00 depending on where
it closes today. could have another day
down worthy of some scalps.
[11:57 am]
Mitch K: this is about it on the short of
SPWRA, my way of thinking
[11:57 am] Mitch
K: consider covering SP WRA short
[11:58
am] Mitch K: sorry SPWRA
[12:12 pm] Kris :
watch HIG for a short below 24.70 tomorrow
morning
[12:13 pm] Kris : set an alert
near 24.80
[12:13 pm] Kris : COP didn’t
fill it’s gap. lame.
[12:14 pm] Kris
: JAZZ held up well. Keep that on your
longs watchlist.
[12:14 pm] Kris : and
watch for a continuation day in SWC tomorrow
below today’s lod.
[12:15 pm] Kris : same
with LLY
[12:16 pm] Kris : NWSA, set an
alert at 15.30
[12:18 pm] Kris : SPY
coming up on the lod
[12:18 pm] Kris : I
have VMED as an alert below 27.50 for a
possible short.
[12:20 pm] Mitch K: low of
day now
[12:20 pm] Kris : yes
babak
[12:20 pm] Kris : circuit
breaker?
[12:20 pm] Brent : MBI
alert
[12:20 pm] Brent : lol, only 4 min
late. Good one duckfan
[12:21 pm]
Mitch K: we should get some good long scalps
soon
[12:21 pm] Kris : you’re right
rusty
[12:21 pm] Kris : that’s
good
[12:21 pm] Kris : one sec
[12:21
pm] Kris : I don’t think so, was it moving
fast enough?
[12:21 pm] Kris : circuit
breaker
[12:22 pm] Mitch K: find the
stocks that were bullish before, they tend to
bounce first
[12:22 pm] Kris : or PUDA is
holding them
[12:22 pm] Kris : I know
people still holding PUDA against their
will
[12:23 pm] Kris : I know candelas has
1 share
[12:25 pm] Kris : MHK possible
short below 55.00 for tomorrow or next
monday
[12:32 pm] Mitch K: still no bounce
in stocks yet
[12:43 pm] Mitch K: i
wouldnt even try to buy on any bounce
today
[12:44 pm] Mitch K: good looking
chart rusty, just 15 min left though, not
enough time
[12:49 pm] Kris : did I
already talk about AMAT for
tomorrow?
[12:51 pm] Kris : AMAT is
another potential continuation trade to the
short side tomorrow.
[12:59 pm] Kris : See
you tomorrow Matt. Great job
today!
[01:00 pm] Mitch K: later
guys
[01:00 pm] Kris : Great job today
everyone! Have a good night and I’ll
see you all back here tomorrow to close out
the week.
[01:00 pm] Brent : have a great
night see you all tomorrow
[01:00 pm]
Brent : have a great night everyone, see you
in the morning.
[01:02 pm] Kris : Good
night everyone. See you back here in
the AM.
[01:07 pm] Mitch K: later
guys see you tomorrow | [05:32 am] baz6308 : Candelas, when you
trade the stocks that just dropped a bunch,
how do you time your entry it’s a bit scary
for me
[05:33 am] baz6308 : ie HES
on wed.
[05:33 am] candelas : It
takes practice. It would do you well if you
could switch to virtual to trade this
strategy
[05:34 am] candelas : Also,
break up the buy entry
[05:34 am]
candelas : or if too difficult to
switch to virtual and ur commissions
are
[05:34 am] lorie : sorry baz,
just saw your ?
[05:35 am] candelas
: try 2 purchase the first for 50 shares and
then the second for 50 shares
[05:36 am]
candelas : It is not so much about the
money as it is getting down the strategy,
once you get the strategy the money will
come
[05:37 am] baz6308 : 10-4 thank
you!
[05:37 am] candelas : meaning
once ur comfortable u can increase share
size
[05:38 am] candelas : also, baz
ur looking for the bottom to occur somewhere
at or near support
[05:39 am]
candelas : I say somewhere at or near
because it is not exact, this is why it is
best to put on 1/2 position
[05:41 am]
lorie : baz, very good advice from
Candelas, practice practice
[05:41 am]
lorie : jobless claims drop to
405,000
[05:42 am] lorie : retail
sales edge up in June
[05:45 am]
candelas : Baz I failed to mention key
component
[05:46 am] candelas : what
u can do once u get good at stocks like hes,
ebix
[05:46 am] candelas : you want
a climatic exhaustion of seller for potential
long entry and climax of buyers for potential
short entry
[05:47 am] baz6308 : and
this climax is indicated by volume
[05:47
am] candelas : if it were everyone
would do it and it would be easy
[05:47
am] candelas : yes. but remember it is
never exact
[05:48 am] candelas :
once u get good at this strategy move to
another like shorting the fast
movers
[05:50 am] baz6308 : thanks,
your guidance is outstanding
[05:52 am]
qwert : baz- candelas guidance
regarding scaling in on the fast movers
really helped me
[05:57 am] candelas
: aapl cracked the 360 mark
[05:57 am]
candelas : nflx making another move at
300 level
[06:07 am] joeytsa : i
follow oil too, still tinkering with the best
settings
[06:08 am] anthonyb : I use
no settings for CL
[06:08 am]
anthonyb : I’m new to this room and I
have a shortage of screenspace so until I
master this stock scalping thing, I will only
trade the futures premarket for
now.
[06:08 am] anthonyb : just a
20ema
[06:08 am] eyes-inthenow :
lightning what indicators do you use for
CL
[06:08 am] joeytsa : any one
trade gold futures?
[06:09 am]
anthonyb : trade the reaction to it,and
away from it
[06:09 am] baz6308 :
why are the banks hot this morning
[06:09
am] candelas : any stimulus would be a
help to finance institutions as
well
[06:09 am] lightning : anthony,
I use price action and volume along with
yesterday’s high, low, close, and today’s
open, high, low.
[06:10 am] anthonyb
: I used to trade only ES, but it’s getting
harder to scalp
[06:11 am] anthonyb
: I’ll put up a 50 later today and have a
look. Thanks
[06:11 am] joeytsa :
baz…my guess why banks are up is because of
JPM reported income growth
[06:11 am]
lightning : anthony, sometimes I use
the 50MA & 20 MA as guides to exit
positions.
[06:12 am] anthonyb :
Turning off the futures account now, so no
distractions for me
[06:13 am]
joeytsa : for CL i have been tinkering
with a 4day, with macd,stoch,%r. [06:13 am]
anthonyb : trading TSA’s method on SIM
for awhile
[06:18 am] anthonyb :
excuse me for being such a noob, but do
Chris,Mitch, and Brent trade different
strategies? I can clearly see where Mitch
wants to enter when he makes a call, but a
little lost with Chris’s entries.
[06:19
am] anthonyb : especially at
open
[06:20 am] lisas : Chris does a
lot of gap plays. I think he talked about
doing a lesson on it. He covered it at last
seminar.
[06:21 am] anthonyb :
That’s what I noticed. When are these
seminars?
[06:21 am] lisas : They do
them once or twice a year, but haven’t talked
much about the next one, you’ll have to ask
them
[06:26 am] anthonyb : is anyone
thinking of shorting CLNE, like a bullshort I
guess? [06:25 am] 3be : seminars..I
read on the site before I joined that the
seminars are becoming more difficult to
coordinate and it would be awhile before the
next one
[06:28 am] alusi : thx
Kris, I think that’s a better way to do
it
[06:30 am] mikewd2 -: YUM better than
expected earnings, especially in
china
[06:34 am] gecko : Kris ur
early morning sina is like 100
percent
[06:35 am] joeytsa : YUM
falling hard
[06:35 am] rusty :
covered 3/4 of JVA bullshort
[06:42 am]
candelas : OILT new ipo
[06:45 am]
joeytsa : JOYG seeming to stall a
bit
[06:47 am] arkadiy : monitoring
RMD
[06:48 am] Brent : nice trade
mailman
[06:51 am] skydiver : any
news on RMD?
[06:55 am] arkadiy :
monitoring fcs
[06:55 am] mikewd2 -:
covered COP at 79, thanks Kris
[06:58 am]
truck : thanks Kris,,, COP
[06:59
am] observer : Thx, Kris,
HOGS
[07:01 am] arkadiy : monitoring
nhd
[07:01 am] gecko : tna big
candle
[07:01 am] joeytsa : tricky
trading when reports are released
[07:04
am] apple : thx for info,
joey
[07:04 am] joeytsa :
forexfactory.com lists reports and colors
them yellow/red on importance
[07:07 am]
gecko : ema 15 holding on dji
1m
[07:08 am] mikewd2 -: CEO will retire
after split of company
[07:08 am] mikewd2
-: COP to split into two separate trading
companies
[07:10 am] joeytsa :
Kris…seems like WFC haven’t helped a lot of
people lately haha
[07:10 am]
joeytsa : they are getting reamed out
here in vegas a lot..foreclosures
etc
[07:11 am] Mitch K: can you hold your
questions to moderators until noon
eastern?
[07:12 am] candelas : thx
for RMD
[07:12 am] mhaus : What do
you think of SINA and SPY?
[07:12 am]
mikewd2 -: TZOO
[07:13 am] gecko :
10 hod holding
[07:13 am] rusty :
MLI another one to watch for possible
short…not enuf volume for bullshort
tho
[07:14 am] scalpman : Kris
JAZZ add?
[07:17 am] rusty : AGNC
radar
[07:18 am] rusty : AEA
lod
[07:19 am] arkadiy : Out half of
RMD
[07:19 am] truck : AZO ,, all
time high
[07:22 am] mhaus : jva
s?
[07:22 am] rusty : fwiw, JVA had
big insider sales yesterday
[07:23 am]
rusty : aGNC bounce
[07:27 am]
candelas : soda to challenge
highs
[07:27 am] rusty :
fwiw
[07:27 am] rusty : SODA + MCD
rumors
[07:29 am] rusty : SODA
rumors seem like bs to me – be
careful
[07:31 am] arkadiy : All Out
of RMD. WOW Great Profit. Makes your day
better 🙂
[07:31 am] rusty : TAOM
hod
[07:37 am] rusty : UTEK
radar
[07:43 am] tshaq :
LNKD
[07:45 am] anthonyb : Mitch,
would you consider reversing and going long
PLD?
[07:47 am] arkadiy : I got out
to early on RMD 🙂
[07:54 am]
stevemld : AGQ freefall
[07:56 am]
derns : WTW
[07:56 am] rusty :
covering UTEK into weakness
[07:56 am]
skydiver : AGQ dropping
[07:57 am]
rusty : JVA nlod
[07:59 am]
leo : There are lots of line spaces in
moderators’ box. Is it only on my
computer?
[08:00 am] Brent : could be Leo,
refresh the trading room by clicking on blue
“X” in upper right, then choose the refresh
option
[08:00 am] jjammerp : Like
ags today Mitch?
[08:00 am]
topdogrex : swc maybe at the
bottom
[08:01 am] leo : Problem
Fixed. Thx Brent.
[08:01 am] uptick
: I think LLY is a good prospect, am long at
38.04
[08:02 am] lightning : covered
last piece of JOYG 95.75. 2 points on
this last piece.
[08:03 am] truck :
NYX , still halted
[08:04 am] aleem
: nice trade lightning
[08:04 am]
anthonyb : nice trading
lightning
[08:05 am] anthonyb :
lightning, did you enter at 10:31
est?
[08:05 am] truck : good trade
Lightning ! Sun up over there yet ?
[08:06
am] rusty : POTG lod
[08:10 am]
lightning : anthony, I entered the JOYG
trade at 9:45 est
[08:11 am]
lightning : Truck, we haven’t seen the
sun for three days now…the ocean fog is
sitting over us.
[08:12 am] rusty :
AEA lod
[08:15 am] 3be : ICGN worth
a short?
[08:20 am] rusty : watching
UTEK for another short
[08:20 am]
truck : NYX , now trading
[08:28 am]
mrpolo : MAR very weak
[08:31 am]
mikewd2 -: thanks Brent watching it very
close, stop in place
[08:32 am]
qwert : Kris- where is your stop
for LLY
[08:38 am] jjammerp : anyone
have a stock that does well when the dollar
rallies?
[08:39 am] mikewd2 -:
SCO
[08:40 am] anthonyb : how about
UUP?
[08:43 am] mikewd2 -: MRX – women was
CEO’s girlfriend
[08:44 am] mikewd2 -:
assume this CEO has access to
drugs!
[08:44 am] rusty : BUD CEO
had death too
[08:44 am] rusty :
standard operating procedure for
CEO
[08:47 am] qwert : no worries,
had it at 37.84
[08:47 am] rusty :
Coronado police and emergency crews responded
to the historic mansion on Ocean Boulevard
for the second time this week. Just before 7
a.m. Wednesday, a 911 caller reported that a
woman was possibly deadRead more:
http://www.azcentral.com/business/articles/20
11/07/13/20110713shacknai-medicis-ceo-womans-
death-reported-san-diego.html#ixzz1S5xR25w9[08:47 am] rusty : something not
right there
[08:48 am] Kris : hard to
escape capture
[08:48 am] Kris : not good
to commit murder on an island
[08:48 am]
mikewd2 -: stop on AKAM long hit
[08:48
am] rusty : wonder why 911 responded
twice? he couldn’t kill her first
time?
[08:51 am] anthonyb : Thank
you gang for another good day. I
am going to try to come back after
lunch.
[08:53 am] kirkg : Kris, did
you get out of your long on esi? It did
pop1%. I’m having a problem with big empty
space gaps on the top9 instructors )
line.
[08:55 am] arkadiy :
monitoring SPWRA
[08:55 am] rusty :
Mistrial declared in Roger Clemens
case
[08:58 am] pow : SINA completed
gap fill
[09:00 am] leo : We need
guidance on how to set up prop firm
account.
[09:05 am] Brent : kirkg, when
you see gaps click on the blue “X” in the
upper right of the trading room. Then choose
the refresh option.
[09:08 am]
arkadiy : out half SPWRA
[09:08 am]
candelas : thought I was going crazy
for moment with spwra and spwrb
[09:09 am]
kirkg : Brent; blue “x” is that the
exit room option?
[09:12 am] joeytsa
: ES (emini) has been making lower highs for
almost an hour
[09:14 am] Brent : actually
I think it says reload not refresh
[09:14
am] Brent : yes kirkg, but an option will
come up to refresh instead of
exiting
[09:14 am] leo : Thanks
Mitch, my first knowledge of prop firms.
Great help.
[09:18 am] candelas :
and only put up $2500
[09:18 am]
candelas : I worked out a 99% deal with
Capital Traders Group
[09:18 am]
gecko : dji breaking yc
[09:18 am]
kirkg : Yes,it’s named”exit room” but
it does give an option to refresh and it
works. Thanks Brent
[09:18 am] rusty
: JAZZ moving down
[09:19 am] Mitch K:
nice candles, is it working out
good?
[09:20 am] candelas : I think
only once I needed them for short could not
get but yes
[09:21 am] candelas :
working out good.
[09:21 am] joeytsa
: BIDU at lows
[09:22 am] gecko :
dji yc break caused volume surge in spy
also
[09:22 am] Kris : what’s that
gecko?
[09:23 am] gecko : spy and
dji
[09:23 am] gecko : volume
spike
[09:23 am] gecko : when dji
broke yest close
[09:24 am] gecko :
at 12.18
[09:26 am] apple : SINA
still dropping…
[09:27 am]
jjammerp : ccl nice chart
[09:30 am]
rusty : JVA Lod
[09:31 am]
gecko : seems like sina often rev just
short of big number
[09:31 am] gecko
: this case short of 120
[09:33 am]
arkadiy : Kris, when company repurchase
is that a good news for the stock or doesn’t
mean anything. DLR one of them?
[09:36 am]
arkadiy : all out of SPWRA – very slow
🙂
[09:37 am] joeytsa : arkadiy..my
guess is it depends on why they are
repurchasing
[09:37 am] rusty : COP
lod
[09:45 am] joeytsa : slight
resistance at 1311 on the ES
[09:49 am]
joeytsa : GPOR lit up my madscan
🙂
[09:49 am] mhaus : NCR
[09:49
am] mhaus : ssri
[09:49 am]
ron : Kris, how about SPWRA?
[09:52
am] joeytsa : 1311 ES resistance
held…nice 4 tick move down
[09:59 am]
anthonyb : Joey, the following bar
after the 4tick down bar is a very low volume
up bar. it gives a no demand signal. Shorting
the next down bars close is a very high
probability trade. It is one of my
entries for a low risk trade on the
minis
[09:59 am] gecko : Kris where
do you see support on the daily for
dji
[10:00 am] joeytsa : let me
check that out…thanks, love looking at
things to research
[10:01 am]
anthonyb : works better when testing a
high and expecting a down move, but works on
lows expecting a continuation as
well.
[10:01 am] joeytsa : chart
time do you use…i use ticks
[10:02 am]
anthonyb : no ticks. I’m a little slow.
5min and 1 min
[10:03 am] joeytsa :
i will check them later on my
charts.
[10:03 am] qwert : Kris- are
you going to reshort bid if it breaks below
the 200 day ma at 40
[10:09 am]
rusty : done with JVA bullshort – ty
for shopping TSA
[10:13 am] qwert :
VMW below 99.95 for short?
[10:23 am]
rusty : XCO lod
[10:31 am]
rusty : Market bouncing on statement
from White House re spending cuts
[10:42
am] rusty : RYUN showing some weakness
today….too thin for a bullshort but clearly
overvalued
[10:43 am] Mitch K: thx
rusty
[10:44 am] junior :
SPWRA…again
[10:49 am] junior : no
shares to short at IB…SPWRA
[10:49 am]
rusty : XG radar
[10:57 am] babak -:
Kris, when you posted SODA this morning, was
it to short or long?
[11:01 am]
sonorant : Hey guys, I want to thank
you all for a wonderful trial run for me in
the trading room. I am taking off from
the Arizona Sonoran Desert today and
traveling up to the Sangre de Cristos in the
wilds of Colorado. I’ll sign up for
real when I get back. I’ve had a lot of
fun and learned a lot. Many, many
thanks. Sonoran
Traveler
[11:02 am] apple : have a
wonderful trip — see you when you get
back! be careful.
[11:02 am] Kris :
Have an awesome trip sonorant. See you
when you get back.
[11:03 am] Brent : take
care sonorant
[11:08 am] electrader
: ah yes.
[11:08 am] electrader :
MRX alert
[11:08 am] rusty : MRX
brother is suspect in murder
[11:09 am]
electrader : thanks
[11:09 am]
rusty : lotta action at MRX CEO house
today
[11:22 am] rusty : CNBC
reporting NWSA FBI investigation
[11:23
am] babak -: Kris, did you had a chance to
look at my question?
[11:23 am]
rusty : AEA bouncing
[11:23 am]
rusty : SWC radar
[11:24 am] babak
-: about SODA, this morning, over 25 was it a
short or long call?
[11:29 am]
lightning : jjammer, check the #2
button on the chat box. Some is in
there.
[11:29 am] rusty : ADBE
radar
[11:34 am] mikewd2 -: so i assume
you wouldn’t buy them long now, NWSA [11:33
am] staz : FBI opening investigation on
NWSA
[11:37 am] candelas : too much
time on the hands
[11:37 am] mikewd2 -:
that’s correct, discussing on cnbc
now
[11:37 am] mikewd2 -: well they have
time now that Casey Anthony trial
over
[11:39 am] mhaus : What’s up
with SOHU?
[11:39 am] rusty : SWC
watching for panic
[11:39 am] staz :
short NWSA at 15.41, let’s see
[11:40 am]
candelas : Murdoch probably shorted the
stock this am also
[11:40 am]
candelas : probably so
[11:41 am]
johnny : Question: Could you describe
your settings for the stockastic? Fast,
slow, etc.? Numbers for K and D?
THx
[11:46 am] rusty : NFLX that
is
[11:46 am] rusty : NLFX bears
CNBC
[11:52 am] rusty : =
alibi
[11:52 am] rusty : brother of
CEO found dead woman. CEO was not
home.
[11:52 am] rusty : MRX
CNBC
[11:57 am] rusty : XG radar
again
[11:58 am] rusty : sitting on
short term support
[12:00 pm] rusty
: ICGN radar
[12:01 pm] apple :
rusty, you are on top of everything –
thx
[12:06 pm] eyes-inthenow :
JRCC
[12:07 pm] babak -: Kris, I emailed
the services.
[12:08 pm] rusty :
ZAGG worth watching again
[12:11 pm] Kris
: great babak. look forward to our
sessions.
[12:16 pm] duckfan : MBI
alert
[12:17 pm] rusty : BAC + MBI
news
[12:17 pm] rusty : of possible
offer
[12:20 pm] babak -: Kris, NWSA alert
set to short?
[12:20 pm] rusty : MBI
halted
[12:21 pm] lightning :
Individual Security Volatility Trading
PauseTrading has been paused in an
Exchange-Listed issue (Market Category Code =
C) that experiences a price change of 10% or
more within a rolling 5 minute period of
time.
[12:21 pm] rusty : I believe
so
[12:21 pm] rusty : Individual
Security Volatility Trading Pause
[12:25
pm] candelas : MBI back
trading
[12:25 pm] mikewd2 -: BAC offers
to settle lawsuit
[12:35 pm] junior
: eyes…thx for JRCC
[12:36 pm]
anthonyb : Brent,Kris, and Mitch, I
want to thank you for a great first
week in the room . I’m taking tomorrow off so
I will see you on Monday.
[12:43 pm]
candelas : PVH
[12:43 pm]
junior : PVH alert..late in
day
[12:45 pm] jjammerp :
serious?
[12:45 pm] joeytsa : for
those who follow block trades..SIRI just had
a 1M size go by
[12:47 pm] arkadiy :
Today was a great day as always 🙂 See you
all of guys tomorrow
[12:47 pm]
jjammerp : huge trade, wish I had that
kind of cash
[12:48 pm] joeytsa :
yep and then it was followed by a 32k
size
[12:49 pm] candelas : not to my
recollection
[12:49 pm] joeytsa :
something is up with SIRI…tons of block
trades the past few minutes
[12:49 pm]
lightning : I don’t recall
AMAT
[12:50 pm] candelas : yep lot
of huge blocks
[12:50 pm] jjammerp :
it must be a high volume rebate stock for the
Market makers, like C was
[12:50 pm]
joeytsa : just going nuts….never saw
that b4
[12:51 pm] joeytsa : stock
stuck in a 6 cent range
[12:52 pm]
jjammerp : the market makers/traders
get paid to trade, volume rebates
[12:59
pm] lightning : Thanks TSA and
everyone. See you tomorrow.
[01:03
pm] babak -: thanks TSA and everyone, see you
in the morning. |
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