(06:13 am) Mitch King:Pre Market UP: TSLA,
MS, SNDK, IBM, CY, SHPG, XLNX, JCI, NFLX,
UNH, CHKP, NE, NUS, OSTK, TTHI. Pre Market
DOWN: CELG, BUD, PCLN, EBAY, SHW, JAKK, AXP,
SCSS, INTC. (06:27 am) JoeyTSA :sound
test (06:30 am) Mitch King:watching
NXST (06:30 am) Mitch King:watching
SNDK (06:30 am) Mitch King:watching
OSTK (06:31 am) Mitch King:watching
PM (06:31 am) Mitch King:watching
CELG (06:31 am) JoeyTSA :watching for
bottom on AMZN,NFLX (06:31 am) Mitch
King:watching AVGO (06:31 am) Mitch
King:watching SHW (06:31 am) Mitch
King:watching DHR (06:32 am) Mitch
King:watching MDVN (06:32 am) JoeyTSA
:correction ASML @ $88, not COG (06:32 am)
Mitch King:watching JCP (06:32 am) Mitch
King:monitoring COG, possible
uptrend (06:32 am) Mitch King:watching
WLP (06:32 am) JoeyTSA :eye on COG @
$88 (06:32 am) JoeyTSA :AET (06:33 am)
JoeyTSA :watching HLF (06:33 am) Mitch
King:watching HUM (06:33 am) Mitch
King:health sector strong (06:33 am) Mitch
King:watching AET, another health
stock (06:33 am) Mitch King:watching
CI (06:34 am) JoeyTSA :eye on
CREE (06:34 am) Mitch King:watching
FRC (06:34 am) Mitch King:watching
TSLA (06:34 am) Mitch King:make sure you
watch the health care stocks: WLP, AET, UNH,
CI (06:35 am) Mitch King:monitoring
AN (06:35 am) Qwert :watching CY (06:36
am) Mitch King:watching QIHU (06:36 am)
Mitch King:monitoring GHL (06:36 am) Mitch
King:watching RH (06:37 am) Mitch
King:monitoring CAT (06:37 am) JoeyTSA
:eye on TSLA, see if $119 holds
support (06:39 am) JoeyTSA :SOHU trying to
break out, might try for $70 (06:39 am)
JoeyTSA :keep eye on AMT, active
yesterday (06:40 am) Mitch King:watching
LNKD (06:40 am) JoeyTSA :watching AAPL
435, BIDU 110,LNKD 200 (06:40 am) Mitch
King:monitoring ALB (06:41 am) Mitch
King:watching IBM (06:41 am) JoeyTSA :see
if $266 holds on NFLX (06:41 am) Ed :would
like selling into 37 area first (06:41 am)
Ed :AVGO monitoring for potential
long (06:42 am) JoeyTSA :watching TSLA
closer here now at $117 (06:43 am) Mitch
King:watching TSLA closely (06:43 am)
Mitch King:watching GNTX (06:45 am) Mitch
King:TSLA tends to bounce more than most
other stocks (06:47 am) Ed :monitor NUS
@80 level (06:48 am) Ed :strong vol that
is on NUS (06:48 am) Ed :then move over 80
with vol (06:48 am) Ed :I would prefer
pullback or consolidation right under 80
area (06:50 am) JoeyTSA :/CL back to
premarket res area (06:51 am) Mitch
King:monitoring UNH (06:52 am) JoeyTSA
:CHKP breaking out a bit (06:54 am)
JoeyTSA :2 reports coming in a few minutes,
bernanke supposed to talk too (06:55 am)
Mitch King:NUS volume spike (06:55 am) Ed
:reduced 3/4 NUS long (06:57 am) Ed :EG)
Muslim Brotherhood recommends EU facilitate
negotiations to resolve the political crisis;
open to any proposals but the coup needs
reversal – Source (06:59 am) Ed :will
trail last 1/4 long NUS right behind
10sma (07:00 am) Ed :*(US) JUN LEADING
INDICATORS: 0.0% V 0.3%E (07:00 am) Ed
:*(US) JULY PHILADELPHIA FED: 19.8 V
8.0E (07:04 am) Mitch King:watching
CELG (07:06 am) Mitch King:watching
PM (07:06 am) JoeyTSA :COG trying to
breakout (07:07 am) JoeyTSA :slight pop on
GMCR, (07:12 am) JoeyTSA :nat gas report
in about 15min (07:16 am) Ed :out all NUS
long (07:16 am) Ed :stop is at 82.36 last
1/4 long NUS (07:21 am) Qwert :watching
WAG (07:30 am) Mitch King:NG 09 spiked on
inventory report (07:30 am) Ed :US) WEEKLY
EIA NATURAL GAS INVENTORIES: +58 BCF V +62 TO
+67 BCF EXPECTED RANGE – Sourc (07:38 am)
Ed :ISIS monitoring (07:39 am) Ed :ISIS is
in downtrend, so will be look for high risk
trade, reversal long play (07:39 am)
JoeyTSA :/CL ran to $108, hit res/R3
there (07:41 am) Ed :u can either draw
trendline on ISIS, or wait for lod, then test
of lod with it holding to look for
long (07:42 am) Ed :thats on
ISIS (08:00 am) Ed :HON on move (08:06
am) Mitch King:watching UTEK (08:23 am) Ed
:if anyone took HON long would
reduce (08:39 am) Mitch King:monitoring
GPC (08:49 am) Mitch King:monitoring
KORS (08:49 am) Murano :watching
KORS (08:53 am) Mitch King:looking for a
small bounce in CL 09 (08:53 am) Murano
:watching DISH (08:54 am) Mitch King:the
contract changed today from 08 to 09 on
CL (08:58 am) Mitch King:looking for a
small bounce in ES 09 about 5-6
ticks (09:01 am) JoeyTSA :CLR vol
spike (09:04 am) Mitch King:wathcing
PPG (09:07 am) Mitch King:consider
reducing or selling ES 09 (09:07 am)
Murano :watching CY (09:24 am) JoeyTSA
:small spike on NUS (09:32 am) JoeyTSA
:eye on OSTK here near $35 (09:39 am) Ed
:give me sec (09:39 am) Ed :lost charts
some how (09:45 am) Mitch King:watching ES
for a bounce, remember we are in a
downtrend and the bounce will be small and
short lived (09:46 am) Ed :got nice little
move up in rates causing that pullback in
markets (10:22 am) Ed :nice move on UTEK
off bottom (11:02 am) JoeyTSA :eye on ALXN
@ hod (11:06 am) Ed :(EG) Egypt interim
President plans national address for
15:00ET (11:09 am) JoeyTSA :NUS another
nice move (11:17 am) Mitch King:i think
this Egyptian situation just not going to be
easy to get resolved and oil seems to be
climbing with the tension (11:27 am)
JoeyTSA :eye on LNKD here @ $207 (11:27
am) JoeyTSA :/CL pullback to $108 area, pit
closes in 2 min (11:40 am) Murano
:watching OWW pp at
10.53 (11:52 am) JoeyTSA :same with
GOOG (11:52 am) JoeyTSA :eye on LNKD,AMZN
for bottoms (12:05 pm) Ed :ONXX getting
little move (12:09 pm) Ed :ONXX Pfizer
said to have opted against continuing process
to bid for the company; Amgen purportedly in
the lead – financial press – Reminder: on
7/16 reports were that ONXX had received
preliminary indications of interest
fmore- (12:18 pm) Mitch King:getting buy
signals on ES 09 (12:28 pm) Ed :if anyone
took ONXX short would cover some in
here (12:54 pm) Mitch King:anyone watching
GOOG earnings after market today? (12:57
pm) Mitch King:later (12:57 pm) Ed :have
great evening traders (12:58 pm) Mitch
King:this chart is Ed’s computer. Ed
keep GOOG up, i will be here
watching (01:01 pm) Ed : GOOG Reports Q2
$9.56 v $10.79e, R$ v $11.3Be (01:04 pm) Ed :
CMG Reports Q2 $ v $2.82e, R$ 817M v $803Me –
Guides FY13 SSS xxx, new restaurant openings
xxx (prior SSS flat to low single digits, new
restau
| (05:14 am) taco :gm fellas (05:16
am) taco :SNDK IBM holding last nights
earnings support (05:18 am) taco
:SCSS EBAY down after earnings (05:20 am)
taco :CELG near all time high (05:37
am) taco :/GC (05:38 am) JoeyTSA
:great move (05:39 am) taco :there’s
mitch’s first home run of the day:) (05:43
am) gum :goood morning vietnam and all
traders (05:56 am) JoeyTSA :Good morning
Mitch,Ed,Qwert,traders (05:57 am) Qwert
:Good morning to everyone 🙂 (05:57
am) JoeyTSA :unemployment claims lower,
Bernanke speaks..philly fed and cb leading
index @ 7pdt, nat gas @ 7:30pdt (05:58 am)
Murano :good morning (05:58 am) JoeyTSA
:Good morning Murano (05:59 am) JoeyTSA
:gap up: CY,IBM,SNDK,TSLA,JCI,XLNX (05:59
am) JoeyTSA :gap down:
EBAY,CELG,JAKK,SCSS (06:00 am) JoeyTSA
:thx taco for the stocks you listed
earlier (06:05 am) taco :np, gm
everyone (06:05 am) taco :thx for
other info joey (06:09 am) JoeyTSA :/ES @
1680 res/R1 area (06:09 am) JoeyTSA :/CL
at R2, using 107 as support off this last up
move (06:10 am) JoeyTSA :then
106.70, 106.30 (06:10 am) JoeyTSA
:clear skies above 107.15 (06:13 am)
taco :thx Mitch (06:13 am) JoeyTSA
:thx Mitch (06:14 am) taco
:ISRG looks weak (06:17 am)
herman :good morning everyone (06:19
am) skydiver :gm all — will be here
only for a little bit . . early
meetings (06:23 am) Ed :good
mornig (06:23 am) JoeyTSA :hey
Ed (06:23 am) abdurahman
:hello (06:23 am) Qwert :gm Ed,
Joey (06:24 am) JoeyTSA :hi
abdurahman fairly new to
room? (06:24 am) Qwert :gm
Abdurahman (06:25 am) Ed :welcome
abdurahma (06:25 am) abdurahman
:yeah first time good morning how does this
work or what time does it
start (06:25 am) abdurahman :thank
you (06:25 am) JoeyTSA :opening bell is
6:30pdt, ideas usually come fast (06:26
am) JoeyTSA :if you are new to trading, might
want to watch..stocks get listed, prices
usually not (06:27 am) abdurahman
:ok is there sound or is just my pc (06:27
am) JoeyTSA :Mod ideas are in the box above,
this area is for room members (06:27 am)
JoeyTSA :only sound is when posts are in mod
box above..i will say hi, let me know if you
hear anything (06:27 am) taco :hear
you (06:28 am) JoeyTSA :did you get a
bell/chime abdurahman? (06:28 am)
abdurahman :yes thanks (06:28 am)
JoeyTSA ::) (06:28 am) elisha :when
moderators say “monitoring” it means that
symbol may not turn into something.
When they say they are “watching” a symbol it
means that it probably will. (06:29 am)
abdurahman :thank you elisha (06:29
am) elisha :welcome
abdurahman (06:29 am) abdurahman
:thank you joey (06:29 am) JoeyTSA :some
traders are countertrend,some
breakout,etc..so when stock is posted it can
mean a long, a short, or just waiting to let
stock tell you which way (06:29 am)
taco :and if i post something its like
a box of chocolate:) (06:29 am)
elisha :too funny taco (06:29 am)
JoeyTSA ::) (06:29 am) taco
🙂 (06:30 am) skydiver :here we
go (06:33 am) JoeyTSA :AET strong so
far (06:34 am) JoeyTSA :think HLF had news
or something (06:34 am) skydiver
:monitoring TSLA drop (06:34 am)
taco :SHW nice move (06:34 am)
regatta :watching FITB (06:35 am)
JoeyTSA :BIDU popped, missed it (06:37 am)
JoeyTSA :JCI over $40, nice gap and
go (06:38 am) JoeyTSA :what was the news
in the health care sector today? (06:38
am) JoeyTSA :assuming earnings? (06:38 am)
Ed :UNH had earnings, but also Obama will be
speaking on healthcare (06:38 am) JoeyTSA
:oh ok, thanks (06:39 am) JoeyTSA :BIDU
testing $110 (06:41 am) abdurahman
:any buy or sell hints (06:43 am)
elisha :watching WLT (06:43 am)
JoeyTSA :SNDK nice short off the gap i
missed, now losing $60 level (06:44 am)
JoeyTSA :eye on BIDU long over $110 with
vol (06:45 am) JoeyTSA :BIDU a bit
overbought, but can run (06:46 am)
skydiver :all out of TSLA
long (06:47 am) taco :nice
$ky! (06:47 am) skydiver
::) (06:49 am) JoeyTSA :took a chance on
BIDU, got stopped for 20cent loss (06:49
am) skydiver :NFLX – missed
short (06:50 am) JoeyTSA :BIDU still on
radar (06:51 am) JoeyTSA :abdurahman : any
symbol with a / like /CL is a
futures contract (06:51 am) JoeyTSA :eye
on UNH (06:52 am) abdurahman
:yhanks (06:52 am) abdurahman
:thanks (06:52 am) JoeyTSA :was watching
CHKP for a range break and forgot about
it (06:53 am) JoeyTSA :no prob, we have
some in here that trade futures, some trade
options on the higher priced stocks
also (06:53 am) JoeyTSA :/CL is crude
oil, /GC is gold, /ES is the
S&P emini (06:55 am)
abdurahman :thanks (06:55 am)
taco :IBM top, late to see (06:55
am) JoeyTSA :IBM another bottom i missed,
even had it up (06:55 am) JoeyTSA :great
NUS call (06:56 am) taco :nice
ed (06:56 am) Ed :thx (06:57 am)
skydiver :TSLA at vwap (06:58 am)
skydiver :thnx Ed for info (06:58
am) taco :IBM at pre mrkt
support (07:01 am) Ed :yea today was day 4
of that NUS attempt over 80 (07:04 am)
elisha :what was that? (07:05 am)
elisha :fess up Ed (07:05 am) Ed
:not sure what that is (07:05 am) Qwert
:someone has a microphone on? (07:06 am)
JoeyTSA :it was garbled, couldnt understand
what was being said (07:06 am)
herman :ed great call on nus (07:06
am) elisha :HLF almost to R3 (07:07
am) abdurahman :my sound is not working
is Mitch speaking (07:08 am) JoeyTSA :not
that i can hear, hear something when i click
on play on your post (07:08 am)
skydiver :GMCR – moving up due to info
on K-cup sales (07:08 am) JoeyTSA :TSLA
issues @ $119 (07:09 am) JoeyTSA :thx
sky (07:10 am) skydiver
::) (07:13 am) abdurahman :question
JOEY is this site ben worth it for
you (07:13 am) JoeyTSA :yeah, no
complaints except when i mess up a trade
🙂 (07:14 am) JoeyTSA :been here for just
over 2 yrs now (07:15 am) JoeyTSA :not
every trade is a winner, but 100% accuracy
isnt realistic, always have to use stops
etc (07:17 am) JoeyTSA :abdurahman, how
long have you traded? (07:23 am) JoeyTSA
:/ES up 6pts from premarket res level , nat
gas in 5min (07:26 am) skydiver :out
of time . . see you all tomorrow or maybe
later today .. thanks for great calls
🙂 (07:26 am) Ed :c ya sky (07:26 am)
JoeyTSA :bye sky (07:26 am) taco
:bye sky (07:27 am) Ed :how long u been
trading abdurahman (07:38 am) Mitch
King:abdurahman: Please dont not post any
auido messages in the trading room (07:40
am) JoeyTSA :taking a break, have some
running around to do, back in an hour
or so (07:41 am) Qwert :enjoy
joey (07:41 am) taco :dont put too
many miles on her (07:41 am) JoeyTSA
:hahah (07:43 am) taco :is there too
much support for decent breakdown ed?
shorting the loss of.. (07:44 am) Ed :more
risk shorting it down here, as it has come
down since losing 31 area then
30.50 (07:45 am) taco :ok
ty (07:45 am) Ed :although short would
have been my preference, just did not see
it (07:45 am) taco :rigth 31 would
been nice (07:46 am) taco :its
amazing all the information looking me in the
face (07:47 am) Ed :yep when u dont have a
bias (07:47 am) taco
:right (07:47 am) Ed :or especially when u
dont have bias (07:47 am) abdurahman
:ng how it look (07:48 am) Ed :personally
i dont like trade vol (07:48 am) Ed :i
like to have 750k per day min (07:48 am)
taco :ok (07:49 am) Ed :that comment
was for NG (07:50 am) taco :what’s
trade vol for stocks you like? (07:50 am)
Ed :vol of atleast 750k per day (07:50 am)
taco 🙂 (07:54 am) taco :not
many futures have that daily vol ed, how do
or what do you trade in futures with that
daily vol? (07:55 am) taco :ah /ES
does (07:55 am) Ed :that comment was for
stocks (07:56 am) Ed :for futures 30k
contracts atleast would like to see before
getting started (07:56 am) taco :ah,
i was looking at 7:48 and 7:49
comments (07:56 am) Ed :ok (07:58 am)
abdurahman :ng looks good (07:59 am)
Ed :its not for me abdurahman, if stocks
trades below certain vol I stay away no
matter how good it looks.This is just for
me (08:00 am) Ed :this is wonerful part
about trading, can fit many types of
traders (08:01 am) taco :makes more
sense when i looked at NG not /NG (08:02
am) Ed :ok got it taco (08:02 am) Ed :i
see ur point (08:02 am) taco :now i
see yourslol (08:02 am) Ed :lol (08:03
am) taco :/NG had jus made really nice
move so i was really confused (08:03 am)
Ed :yea /NG 08- 13 totally different
story (08:40 am) so :GMCR is up
2.40 (08:41 am) Ed :thx so (09:01 am)
JoeyTSA :watching the 95.50-96 range on
CLR (09:02 am) JoeyTSA :doesnt look like
anything on CLR just yet (09:05 am) Ed
:Bernanke quote just now, “no one understands
gold price moves” (09:06 am) taco
:nice (09:06 am) JoeyTSA :he’s right about
me haha (09:07 am) Ed :and Paulson
said yesteday he understand Gold
prices, (09:08 am) JoeyTSA :i stopped
trying to understand things (09:09 am) Ed
:best not too with markets, ur too late by
time u have it figured (09:09 am) Qwert
:Thx for KORS Mitch, Murano (09:09 am)
JoeyTSA :been staying away from /GC for the
most part, gets way too volatile (09:10
am) Ed :go figure, and i like the volatility
of it (09:10 am) Qwert :Did you see the
move in /GC when the jobs # came
out (09:10 am) Ed :something for
everyone (09:11 am) JoeyTSA :its not
volatility per se, its more it gets
violent/extreme moves out of the
blue (09:11 am) Ed :agreed (09:12 am)
Ed :quite humbling when u get caught on wrong
side (09:12 am) Qwert :Ed do you trade
reversals in /GC or breakouts or
both? (09:12 am) JoeyTSA :can be
ugly (09:12 am) Ed :both (09:13 am) Ed
:i missed the move over 1279 just as was
placing buy stop there (09:13 am) Qwert
:from this am? (09:14 am) Ed
:yep (09:14 am) Qwert :was a huge
move (09:14 am) Ed :at 8:37:35
est (09:15 am) Ed :was plotting out my
areas, then went to place orders and
boom (09:15 am) Ed :passed on (09:15
am) Qwert :do those kind of moves happen a
lot around the job #? (09:15 am) Ed :sure
do (09:16 am) Qwert :i dont usually watch
?GC usually /NG and /CL (09:16 am) Ed :and
Im usually /GC and /CL (09:16 am) JoeyTSA
:/ES had a little move off the jobs
# (09:16 am) Ed :i will play /TF sometimes
thx to joey (09:17 am) Qwert :/TF=
rusell (09:17 am) JoeyTSA :i just switched
back to /TF, had /NG on taht chart earlier
for the report (09:17 am) JoeyTSA :yes
qwert tf=russell (09:17 am) Qwert
:thx joey (09:17 am) JoeyTSA :i also keep
/YM up, dow emini (09:18 am) JoeyTSA
:taco, are you here? (09:21 am) Ed :LNKD
was nice call earlier joey over 200 (09:21
am) JoeyTSA :calling dr. mulligan, is dr.
mulligan in the house 🙂 (09:22 am)
Ed :only on monday (09:22 am) JoeyTSA :oh
well, call worked, my execution
failed (09:23 am) taco :yes im
here (09:23 am) JoeyTSA :taco, 9 mile
roundtrip, time to change spark
plugs? haha (09:24 am) taco
:nice lol (09:24 am) JoeyTSA :just in case
you thought i was kidding.. (09:24 am)
JoeyTSA :81131 on 12/9/11 , 83336
today (09:24 am) taco :no doubt with
as few miles and so many yrs on her (09:26
am) taco :i bought a new truck nov 2011
and put 40200miles on it (09:26 am)
taco :for my work building (09:26
am) JoeyTSA :i can imagine (09:27 am)
taco :more quoting actually (09:27
am) Ed :I have a 67 still has not breached
98k (09:27 am) taco :67 what
ed? (09:27 am) Ed :mustang (09:27 am)
JoeyTSA :very cool (09:28 am) Ed :red with
black vinyl top (09:28 am) taco
:whoo we nice (09:28 am) taco
:nos? (09:28 am) taco
:nitrus (09:28 am) Ed :no, all original. I
like originality (09:29 am) taco
:that’d ruin a nice car likely (09:29 am)
JoeyTSA :dont want to mess with
classic (09:29 am) Ed :im sure (09:30
am) Ed :yea I have had it loooooon
time (09:30 am) Ed :2nd owner (09:30
am) taco :did u have to restore it
since? (09:30 am) Ed :yes complete
restoration in 2002 (09:31 am) JoeyTSA :bd
present when you turned 65?
🙂 (09:31 am) Ed :the later years prev.
owner really neglected it, but that was great
cuz got it for song (09:31 am) Ed
:lol (09:31 am) taco
:http://mustang1.net/data/media/1/67_mustang%
20%283%29.jpg (09:32 am) Ed
:beautiful (09:32 am) taco
:;) (09:32 am) taco :no, cool
car (09:34 am) Ed :very cool car (09:39
am) Qwert :/CL moving back towards
108 (09:43 am) Ed :thats my car there
taco (09:43 am) Qwert :Beautiful
Ed (09:43 am) taco :nice (09:43
am) herman :nice my fav 69
boss (09:43 am) taco :thx, saw the
bike too (09:43 am) Ed :thx only paid 1k
for it (09:43 am) taco :lol
awesome! (09:43 am) Ed :69 is really
nice (09:44 am) herman :lokks like
you have all the toys (09:44 am)
taco :i think he has a batcave full of
fun stuff (09:44 am) Qwert
:hahaaha (09:44 am) Ed :lol (09:45 am)
Ed :need something take my mind away from
markets when they close (09:45 am)
taco 🙂 (09:45 am) herman
:dress up on weekends too (09:46 am)
Murano :lunch time back in
20 out 3/4 CY
stop at 12.35 (09:46 am) Ed :nice trading
murano (09:46 am) Ed :good point
herman (09:46 am) taco :nice enjoy
m (09:50 am) herman :i try to golf
to take my mind off the the markets (09:50
am) herman :my score depends on how the
dat went (09:53 am) Ed :difficult task but
one has to learn how to competely leave
markets behind when u leave office, helps
mind to rest and u come back fresh and
flexible (09:53 am) JoeyTSA :i find
unwinding to be very important and
helpful (09:53 am) JoeyTSA :but if i went
to play golf, i would probably get more
aggrevated haha (09:54 am) Ed :we want to
start new day at 0, with no baggage from
prev. day good, bad, indifferent (09:54
am) Ed :this is them I hear, read from the
profficient traders been at it for long
time (09:55 am) herman :a cocktail
also helps (09:57 am) Ed :what we do is
right up there with proffessional athletes,
although we sit in chairs, u study ones that
had long careers and it was always something
different about what they did on/off season
from taking care of bodies to, getting away,
to even visualizing the success on daily
basis and meditating (09:57 am) JoeyTSA :i
like that Ed (09:58 am) herman :how
true (09:58 am) JoeyTSA :i use some great
stress-reducing cds everyday, also
stretching/yoga after my lifting
workouts (09:59 am) Ed :im sure it helps u
also joey (09:59 am) JoeyTSA :cd’s are
around 20min, work very well (09:59 am)
JoeyTSA :bit expensive but well worth the
price in my view (10:00 am) Ed
:true (10:00 am) JoeyTSA :actually
designed to get your body more alkaline than
acidic (10:01 am) Ed :acidity
kills (10:01 am) JoeyTSA :sure
does (10:01 am) Ed :makes ones body
toxic (10:15 am) Qwert :/CL popped
108 (10:21 am) JoeyTSA :lunchtime, back in
30-40 (10:21 am) Murano :out last 1/4
CY (10:21 am) taco :enjoy
joey (10:23 am) taco :where did you
take CY from murano? nice exit too (10:25
am) Murano :12.28 taco (10:26 am)
taco :from the first bottom or
2nd? (10:26 am) Murano :2nd (10:26 am)
taco :ty (10:27 am) Murano :look at
your MACD cross on two minute chart (10:28
am) taco :right, you used 2 min for
this one why? (10:30 am) Murano :I always
have a two minute up on a stock I plan to
enter. (10:30 am) taco :i see, it
worked nicely (10:31 am) Murano :If the
two minute doesn’t confirm the one minute I
probably will not take the trade. (10:31
am) taco :ok, thank you (10:31 am)
taco :i’ve been watching what you told
us a while back (10:32 am) taco
:seems fairly reliable (10:33 am)
taco :at least when it one you
call (10:35 am) Murano :on CY williams hit
100 on the two minute chart at
11.06 (10:35 am) taco
:right, (10:36 am) Murano :I find wiliams
to be a leading indicator, not a lagging
indicator (10:37 am) taco
:everything was bottomed out then (10:37
am) taco :CY 11:06 (10:38 am) Murano
:plus it was at R2 (10:38 am) taco
:yes (10:39 am) taco :UTEK on 1 min
fits same (10:39 am) taco
:R# (10:39 am) taco :r3 (10:39
am) Murano :when you put al of the pieces of
the puzzle together it is easier to enter the
trade, less stress. (10:40 am) taco
:yes (10:45 am) Murano :taco, with DISH I
expected a break over R2 for a continuation
run up. It didn’t get past R2, MACD
rolled over so no trade. (10:47 am)
taco :u wanted to take it long with
MACD at top? (10:47 am) Murano :I wanted
to take it long with break over R2 (10:48
am) taco :nice (10:50 am) Murano
:The market is up today so I prefer longs to
shorts. DISH has been making new highs
so a break over R2 had a chance to get close
to $48 (10:51 am) taco :right, would
have been real nice (10:51 am) Murano :The
best laid plans of mice nd men sometime go
ablunder. (10:51 am) taco
🙂 (10:58 am) taco :CY still running
up (10:59 am) taco :using your
discipline i see why you exited (11:00 am)
Murano :When MACD cross over on the two
minute I exit. (11:01 am) taco
:right, (11:01 am) Murano :It may cost me
a little money but I have to stick with my
rules. (11:02 am) Murano :I can always
reenter if the reasons at good. (11:02 am)
taco :agree (11:03 am) JoeyTSA :good
lesson/rule murano (11:03 am)
skydiver :just caught your lesson
Murano — will study it . . . looks good
however :0 (11:03 am) skydiver
::) (11:04 am) taco :yes thanks
murano (11:05 am) Murano :It seems that
every time I violate my rules it bites
me. For example, short on BA a few days
ago. I covered my short by looking at
the money and left $4.00 per share on the
table. (11:06 am) taco :my money
ends up al over the place;) (11:07 am)
abdurahman :sorry about the post
earlyer it wasent me there was something
wrong my my pc . thank you for answering my
questions (11:08 am) Murano :hoping and
praying caused me a lot of stress and
losses. Have a plan and work your
plan. Even if you only take one or two
trades i n a day. (11:09 am) taco
:right, ithank you murano (11:09 am) Ed
:well said murano (11:09 am) JoeyTSA
:amen (11:09 am) skydiver :amen
2 (11:16 am) Murano :taco, one thing we
didn’t talk about on CY. It is a high
volume stock so it is easy to handle 5000
shares and be able to get out if it moves
against you. (11:17 am) JoeyTSA :agree
with Mitch and Murano (11:18 am)
taco :yes i understand (11:20 am)
Murano :but I have to admit when you enter at
.28 and it is now at .78 you wish you had
stayed in, but that is not in the rule
book. (11:21 am) taco :SHW slowly to
168 support (11:21 am) abdurahman
:this pic came across JAK (11:23 am) Ed
:JAK not coming up (11:23 am) Ed :u mean
JAKK (11:24 am) abdurahman
:SORRY ( JAKK) (11:24 am) JoeyTSA
:JAKK had a gap down at the open, never
looked at it once market opened
though (11:24 am) Ed :dontrend is really
strong on that one (11:26 am) Murano :JAKK
suspended it’s dividend (11:26 am) Ed
:Would see if 7 can hold but getting later in
day, preference would be tomorrow seeing if
get continuaution (11:26 am)
abdurahman :i think tommarow maight
have a nice move back (11:27 am) Ed :I
would not anticipate, just let it open and
see what market gives if cant get above low
puts in today sellers still prevelant look
for short continuatuion with vol (11:28
am) Ed :if low can hold from today may have
chance at bounce albeit in overall downtrend
so odds are against yoiu (11:36 am) Ed :my
take also abd, is stock overall down 30% plus
and has only been giving about 3% bounces,
that lets me know pretty weak without even
seeing what daily chart looks like (11:36
am) JoeyTSA :GOOG might be one to
watch… (11:37 am) JoeyTSA :earnings
after the bell, consensus est is
$10.84, whisper is $11.09 (11:39 am)
Ed :abdurahman hope that helps (11:40 am)
JoeyTSA :eye still on NUS, break over 84.50
watch (11:40 am) abdurahman
:thanks (11:41 am) Qwert :Joey GOOG is
reporting today? (11:41 am) JoeyTSA
:according to the list i saw, after the
close (11:41 am) Qwert :thx (11:42 am)
JoeyTSA :CMG and ISRG 2 other big names to
watch, should have decent sized moves..just
no clue which way (11:43 am) Murano :OWW
needs more volume (11:44 am) Ed :just as
quick example, UTEK was down from high to low
about 13% and it recovered about 6.9%. Has
lot to do with velocity of move and so
on (11:46 am) Ed :wherin JAKK slow move
down all day with small pockets of up move.
Just some studying u can do in looking at
charts. (11:47 am) JoeyTSA :Ed, on JAKK,
no panic sell but did you get a big vol
candle maybe 5 min ago? (11:47 am) JoeyTSA
:no panic sell overall i meant (11:48 am)
Ed :correct (11:48 am) JoeyTSA :ok, just
checking (11:48 am) JoeyTSA :so maybe like
you said, $7 would be good support area to
watch (11:48 am) Ed :and even on that
candle did not happen while at bottom or
tyring to bottom (11:49 am) JoeyTSA :wasnt
a big price candle though, controlled
selling all day (11:49 am) Ed :great point
joey, market makers earning their
keep (11:49 am) Ed :keeping order flow
ordely with all the selling (11:50 am)
JoeyTSA :right, mms dont care where price
goes, except to where it has highest
vol/activity (11:50 am) Ed :yep (11:53
am) JoeyTSA :would like to see more pullback
on all 3 (12:15 pm) JoeyTSA :nice pullback
on GOOG (12:27 pm) Murano :done for the
day, see you tomorrow (12:28 pm) JoeyTSA
:bye Murano (12:28 pm) taco :c ya
murano, thank alot (12:28 pm) Ed :c ya
murano (12:28 pm) Qwert :bye
Murano (12:29 pm) JoeyTSA :Thanks
Mitch,Ed,Qwert,everyone..have a great day,
see you all tomorrow (12:30 pm) taco
:c ya joey (12:30 pm) taco :have a
good workout (12:30 pm) JoeyTSA
::) (12:30 pm) Qwert :Bye Joey have a
great night (12:30 pm) Ed :c ya
joey (12:32 pm) taco :did you short
from 131 ed? (12:32 pm) taco
:area (12:33 pm) Ed :when could not close
back above prev low 132.40 area (12:34 pm)
taco :ok nice thx (12:34 pm) Ed
:many times if we are patient enough, stock
will tel us where it wants to go (12:34
pm) Ed :then we just see if r/r meets our
plan and go with it. no thought (12:35 pm)
taco :right (12:35 pm) taco
:little risk and lots of room to
fall (12:35 pm) Ed :right thats how i like
to play (12:35 pm) taco :this is
ideal, hope it falls:) (12:36 pm) Ed
:lol (12:40 pm) herman :time to go ,
thanks for the good trades today Mitch ed
joey murano qwert (12:41 pm) taco :c
ya herman (12:42 pm) Qwert :bye
herman (12:43 pm) Qwert :Time for me to go
as well cya all in the am (12:43 pm)
taco :c ya qwert (12:44 pm)
taco :CMG moving up (12:44 pm)
taco :$4 (12:50 pm) Ed :CMG reports
also (12:52 pm) abdurahman :what
time is chart coverige (12:53 pm) Ed
:chart has pacific time (12:54 pm)
abdurahman :ok (12:55 pm) taco
:i will (12:57 pm) taco :c ya
ed (12:57 pm) taco :are you leaving
charts up? (12:58 pm) Ed :yes
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