[06:13 am] Ed : good morning
traders
[06:21 am] Mitch K: THe market is
setup today to respond well to both longs and
shorts. There is a good balance of fear
and speculation, although with a mild amount
of both. The drops we get should get
good pops vs. the many drops we had the last
few days that were duds and didnt even bounce
but the pops were good shorts. but
today should have both working well and
typically you make more money when the market
is not so one-sided
[06:33 am] Mitch K: i
prefer higher priced stocks. the lower
priced ones can be swayed by news more and
have bigger or more exaggerated
swings
[06:33 am] Mitch K: watching CTRP
for bottom
[06:34 am] Mitch K: watching CI
for bottom, take time,
[06:34 am] Mitch K:
watchign CHRW for bottom to buy
[06:35 am]
Mitch K: watching DLTR for bottom to
buy
[06:35 am] Mitch K: watchign USG for
bottom
[06:36 am] Mitch K: monitoring ARUN
but take time on this
[06:36 am] Mitch K:
watching for multiple trades with AAPL
today
[06:36 am] Mitch K: watching FDO for
bottom, same sector as DLTR
[06:37 am]
Mitch K: watching JNPR for top to short, take
time
[06:37 am] Mitch K: watching GPN for
top to short, prefer 43.30 area
[06:38 am]
Mitch K: watchign TSLA for bottom to
buy
[06:38 am] Mitch K: watching KLAC for
top, take time
[06:39 am] Mitch K:
watchign LVLT for bottom to buy
[06:39 am]
Mitch K: watching TSS for bottom, take
time
[06:39 am] Mitch K: watching TMO for
top to short here, turning now
[06:40 am]
Mitch K: watching COG for bottom to
buy
[06:40 am] Mitch K: watching EXP for
bottom to buy
[06:40 am] Ed : monitor BTU
for short weak again today
[06:40 am]
Mitch K: watching TCK for bottom to
buy
[06:41 am] Mitch K: watching CBI for
top to short, here
[06:41 am] Mitch K:
watchign ROK for bottom to buy
[06:42 am]
Mitch K: watchjing LVLT closer
[06:42 am]
Mitch K: watching TCK closer
[06:43 am]
Mitch K: watching for top in CRI, take
time
[06:44 am] Mitch K: NFLX had 17 hair
cut aftermarket yesterday
[06:44 am] Mitch
K: to buy
[06:44 am] Mitch K: watching
NFLX for bottom
[06:45 am] Mitch K:
watching COP for bottom to buy
[06:47 am]
Mitch K: looking for just above $16 on JNPR
to cover short
[06:48 am] Mitch K:
watching PCLN for bottom to buy, dont stress
on price per share, calculate a $ dollar
amount position on this
[06:49 am] Mitch
K: watching BA for bottom, also CAT dropping
two, the two positive earnings this
morning
[06:50 am] Mitch K: watching NFLX
for bottom, soon
[06:51 am] Mitch K:
watching ROK closer
[06:51 am] Ed : if u
short BTU would cover some here
[06:51 am]
Mitch K: watching CFR for bottom to
buy
[06:52 am] Ed : Im looking for 18.80
on BTU short but be flexible as
always
[06:52 am] Mitch K: SWI
toppy
[06:54 am] Mitch K: still watching
LVLT, getting very interesting
[06:55 am]
Mitch K: signal
[06:55 am] Mitch K: NFLX
buy sigbal
[06:57 am] Mitch K: looking for
14 area on ARUN cover price
[07:01 am]
Mitch K: watching REGN for bottom to
buy
[07:01 am] Mitch K: watchign ARG for
top to short
[07:03 am] Mitch K: hope you
guys sold DLTR< im too busy looking
for new ideas
[07:04 am] Mitch K:
sorry
[07:04 am] Mitch K: bwld
[07:05
am] Mitch K: watching EXP closer
[07:05
am] Mitch K: LVLT acting doa (dead on
arrival)
[07:05 am] Mitch K: watching RHI
closer
[07:05 am] Mitch K: i missed
posting BWLD for top for short earlier but
monitoring for long
[07:06 am] Mitch K:
looking for 78 area on ARG short
[07:06
am] Mitch K: watching EOG for bottom to
buy
[07:06 am] Mitch K: watching COG
closer
[07:07 am] Mitch K: SPY
[07:07
am] Mitch K: new lows on indexes
[07:08
am] Mitch K: watching ROK closer
[07:08
am] Mitch K: LVLT trying to bounce but looks
weak weak weak
[07:09 am] Mitch K: still
watching USG
[07:10 am] Mitch K: TCK
bottoming
[07:10 am] Mitch K: i assume you
guys covered CRI below 51
[07:11 am] Mitch
K: LVLT gaining a little more
momentum
[07:12 am] Mitch K: canceling CAT
and BA idea
[07:12 am] Mitch K: be
flex
[07:12 am] Mitch K: looking for 126
area on REGN bounce
[07:13 am] Mitch K:
watching HES for bottom,
[07:14 am] Mitch
K: some news hit on HES since open, let it
drop more, be careful
[07:16 am] Mitch K:
NFLX bounce still good, still
strong
[07:17 am] Mitch K: use limit order
to sell above ASK price
[07:17 am] Mitch
K: getting toppy here right here on NFLX
long
[07:18 am] Mitch K: consider closing
NFLX long here, replacing NFLX chart with
HNT
[07:18 am] Mitch K: watching HNT for
bottom, going to be a good one when3ever
bottoms
[07:19 am] Mitch K: getting a buy
signal on HNT
[07:19 am] Mitch K:
comprende?
[07:19 am] Mitch K: there is no
buy signal on HNT, just making sure when i
post does not mean ready to take action, it
means to start watching
[07:20 am] Mitch
K: consider selling some HES, most of
long
[07:20 am] Mitch K: BP
spike
[07:22 am] Mitch K: watching CTXS
for bottom
[07:23 am] Mitch K: but you
guys know im not real patient
[07:23 am]
Mitch K: SPY dropping, not helping any long
bounces like HNT. weak bounce. not
trusting HNT bounce
[07:29 am] Mitch K:
CTXS should get over 76
[07:30 am] Mitch
K: crude dropping
[07:30 am] Mitch K: SPY
approach low of day
[07:30 am] Mitch K: if
long
[07:30 am] Mitch K: close
HNT
[07:30 am] Mitch K: just got a sell
signal anyhow here
[07:30 am] Mitch K: i
dont like HNT myself, forget it
[07:34 am]
Ed : SPY new lod
[07:40 am] Mitch K:
watching GD for bottom, already turning
up
[07:41 am] Ed : getting bounce in
SPY
[07:42 am] Mitch K: REGN hit 126 area,
could make another run up, be ready to sell
if turns down
[07:45 am] Mitch K: if you
shorted CRI again, good place to cover
here
[07:46 am] Mitch K: you all get out
of REGN?
[07:51 am] Mitch K: wfc
[07:52
am] Ed : SPY breakink down
[07:52 am]
Mitch K: sorry
[08:05 am] Mitch K:
watching RKT for bottom to buy
[08:06 am]
Mitch K: its not acting like new highs are
coming soon and the SPY is weak so that
combination says to reduce, sell or be ready
to sell
[08:06 am] Mitch K: consider
selling your REGN long on this little rebound
that is happening here
[08:07 am] Ed :
monitoring GNC for short
[08:08 am] Mitch
K: consider selling TSS if long
[08:09 am]
Mitch K: consider selling COG if
long
[08:15 am] Ed : getting nice bounce
inSPY
[08:21 am] Mitch K: good call on GNC
scalpman
[08:23 am] Mitch K: watching VMC
for bottom to buy
[08:24 am] Ed : thx
murano for GRA idea
[08:24 am] Ed :
watching GRA for short would like move to 57
area may not get it
[08:27 am] Mitch K:
price
[08:27 am] Mitch K: hey scalp, where
did you cover that GNC short
[08:30 am]
Mitch K: buy on green, sell on red, with
audio and visual alerts
[08:30 am] Mitch
K: this is GNC here with the
arrows.
[08:31 am] Mitch K: i want to show
you something else really cool
[08:32 am]
Mitch K: you guys know how much money those
moves are? lets just say a
lot
[08:32 am] Mitch K: this is the Euro
vs the US Dollar
[08:33 am] Mitch K: just
gave a buy signal
[08:33 am] Mitch K: this
is VMC qwert
[08:33 am] Mitch K: you dont
have to take every signal and i will show you
how to use this
[08:34 am] Mitch K: my
first glance is weak but everything is weak
today on the long side. i had expected
a little more bounciness (no such
word)
[08:35 am] Mitch K: but will take a
while, probably 20-30 min at least. and
wha tyou do is look for a bounce in the SPY,
which represents the SP 500 index
[08:35
am] Mitch K: it could do something like this
here in the circled blue
[08:36 am] Mitch
K: needs more work though, not ready yet,
more tweaking but getting real
close,
[08:40 am] Mitch K: something i
look at in these charts is to see how much
movement both ways the stock is doing. With
VMC, i look at yesterday’s movement was all
down, not evena bounce, we had that little
bounce for 40 cents 90 min ago but that was
the only bounce in 2 days. so i tend to
avoid those if i am looking for a long.
when i post those to you, it is not totally
evaluated thoroughly before i post. so
you have to do a quick glance. what i
am trying to do is get the ideas out to you
as quick as possible on a “first
glance”
[08:43 am] Mitch K: VMC acting
poorly, gave a sell signal, thats
weak
[08:44 am] Mitch K: so a sell signal
on a stock you went long is the same as a
stop loss, i mean use it as a stop.
[08:57
am] Ed : Im holding 1/4 GRA short at
breakeven
[08:58 am] Ed : got out other
3/4 on quick drop
[09:04 am] Ed : smaller
share size, u dont want to give back
profits
[09:04 am] Ed : watching QCOR for
bottom for long
[09:05 am] Ed : would
prefer retest of lod
[09:06 am] Ed : and
monitor see if lod holds
[09:08 am] Ed :
out all GRA short
[09:10 am] Ed : wathcing
CAT for bounce also thx murano
[09:11 am]
Ed : reducing 3/4 long QCOR
[09:12 am] Ed
: i stopped last 1/4 on QCOR at
breakevn
[09:13 am] Ed : made only plus.10
on 3/4 long
[09:13 am] Ed : still holding
last 1/4 of BTU short from this am looking
for 18.80
[09:15 am] Ed : tailing last 1/4
short QCOR
[09:15 am] Mitch K: watching
QCOR for bottom to buy
[09:15 am] Ed :
coveriung 3/4 short QCOR
[09:17 am] Ed :
out all QCOR short
[09:20 am] Mitch K:
whats news on QCOR?
[09:20 am] Mitch K:
QCOR trying to bounce, no buy signal yet
though
[09:21 am] Mitch K: got buy signal
on QCOR
[09:23 am] Mitch K: ok it is
earnings on QCOR, must have been conference
call comments
[09:24 am] Mitch K: anyhone
go long on QCOR last few min
[09:25 am]
Mitch K: qcor
[09:25 am] Mitch K: qwert
only guy long?
[09:27 am] Mitch K: id sell
myself
[09:27 am] Mitch K: when you see a
stock like qcor bounce $2 or over 5% in 6-8
minutes, should reduce
[09:28 am] Mitch K:
with volatile stocks your limit orders can
get filled easily
[09:28 am] Mitch K: you
have time to get limit orders get filled with
some of your order, not all has to sell at
market
[09:30 am] Mitch K: probably drops
back to 38.50 area
[09:30 am] Mitch K:
consider selling QCOR
[09:30 am] Mitch K:
looks like big spread on qcor, need limit
orders for sure,
[09:44 am] Mitch K: or 6
min
[09:44 am] Mitch K: this spike in SPY
(SP 500 index etf) brings up other stocks
like the QCOR rise of $1 last 10
min
[10:15 am] Ed : monitoring BBIB for
potential short would like move to 143ish
area
[10:23 am] Ed : getting some buying
in markets
[10:35 am] Ed : watching BIIB
closer
[10:36 am] Ed : would use smaller
share size
[10:38 am] Ed : SPY trading
near resistance
[10:38 am] Ed : still no
signal
[10:40 am] Ed : short small BIIB
with stop above hod
[10:45 am] Ed :
stopped small loss BIIB
[11:02 am] Mitch
K: good eye murano
[11:27 am] Ed : SPY
trading near resistance
[11:31 am] Ed :
see h ow JCP reacts to 22.50 area
[11:32
am] Ed : see how price and vol reacts to
it
[11:32 am] Ed : im not saying short
that area, dont jump gun
[12:04 pm] Ed :
getting pullback in SPY
[12:11 pm] Ed :
getting some selling in SPY
[12:34 pm] Ed
: advanced trade use smaller postion
size
[12:34 pm] Ed : watching TPCG for
short
[12:36 pm] Ed : passing on TPCG
unless vol. picks up thin right now
[12:59
pm] Ed : have a great night traders
| [06:01 am] eyes : GM Mitch and
everyone
[06:05 am] joeytsa : Good
morning MItch, traders
[06:05 am]
joeytsa : reports: new home sales @
7pdt, crude inv 7:30pdt
[06:05 am]
joeytsa : some gappers to keep us
busy..
[06:06 am] joeytsa : gap down
; NFLX,WLP,TRIP,BWLD,AAPL,PCLN
[06:06 am]
joeytsa : gap up:
BA,REGN,ACOM,CAT,ALTR,RVBD,PNRA,ALXN
[06:0
7 am] joeytsa : wide overnight ES
range, 1325-1340
[06:12 am] eyes :
GM Ed
[06:20 am] apple : good
morning to all delightful traders
[06:20
am] apple : gm E
[06:20 am]
apple : gm joey
[06:20 am]
apple : gm eyes
[06:20 am]
eddy : hello all
[06:20 am]
apple : gm eddy
[06:21 am]
khall : good morning
[06:21 am]
qwert : good morning to
everybody
[06:21 am] apple : gm
MK
[06:21 am] apple : gm
khall
[06:21 am] apple : gm
qwert
[06:21 am] khall : thanks
MK
[06:21 am] scalpman : thanks
mitch
[06:21 am] scalpman : gm
all
[06:21 am] scalpman : Hi
ed
[06:21 am] qwert : gm
apple
[06:21 am] apple : yay!
we are ready!
[06:22 am] joeytsa :
sounds like a plan Mitch
[06:22 am]
apple : gm scalp
[06:29 am]
apple : 1 min
[06:30 am]
scalpman : hi apple
[06:30 am]
joeytsa : REGN coming back to
earth
[06:34 am] victor51 : good
morning all
[06:34 am] joeytsa :
nice pop on AAPL
[06:34 am] joeytsa
: REGN holding $128
[06:34 am]
joeytsa : ALXN to test $100
[06:36
am] apple : thx joey
[06:37 am]
joeytsa : tighten BWLD if
long
[06:44 am] rusty : gm
[06:44
am] rusty : NFLX radar
[06:45 am]
apple : gm rusty
[06:45 am]
joeytsa : NFLX just beautiful
[06:46
am] joeytsa : ES trying to hold
1335
[06:48 am] joeytsa : REGN
giving nice trades
[06:49 am] eyes :
Nice call on BTU Ed
[06:49 am] Ed :
thx
[06:53 am] joeytsa : out REGN
for now
[06:54 am] joeytsa : huge
spread on it be careful
[06:54 am]
apple : nice joey
[06:54 am]
joeytsa : thx, approx 12.5pts
🙂
[06:55 am] eyes : L NFLx 62.49
stop 62.11 look ok
[06:55 am] apple
: you da man!
[06:57 am] Ed : yes looks
fine eyes
[06:57 am] rusty :
LVLT lod
[06:59 am] Ed : it gave a quick
point, did u get it
[06:59 am] eyes
: out 1/2 % and reenterd
[07:00 am]
skydiver : New home sales down 8
percent – expectations were for being up
7%
[07:01 am] skydiver : month of
June
[07:01 am] eyes : stoped
out
[07:01 am] apple : nice on
ARG
[07:03 am] apple : thx
sky
[07:03 am] skydiver :
🙂
[07:03 am] apple : ES down to
1331
[07:04 am] joeytsa : yeah
apple, ugly
[07:05 am] apple : ugly
is good if you are short….
[07:05 am]
apple : haha
[07:05 am]
joeytsa : i like mornings like
today,yesterday
[07:05 am] apple :
me too
[07:05 am] joeytsa : get done
in 15-20 minutes
[07:09 am] joeytsa
: crude in a bit of a range, inv #’s in
20min
[07:10 am] joeytsa : weird
spike on HES
[07:10 am] joeytsa :
not as weird as it first looked
[07:12 am]
eyes : wow what a nice trade BTU i
missed it thou
[07:13 am] eyes : GDi
on Radar
[07:13 am] joeytsa :
definately watching 1330 on the ES
[07:13
am] joeytsa : eyes, they still have
crap vol
[07:13 am] joeytsa : play
it if you want
[07:13 am] eyes : ya
i just saw that
[07:14 am] joeytsa :
you mentioned them 5 times
yesterday
[07:15 am] joeytsa : stick
with stocks that have higher vol
[07:15
am] apple : good idea joey — put odds
in your favor
[07:16 am] joeytsa :
plus you want stocks have have a nice range
along with it
[07:16 am] apple :
reversal on ES… 1333
[07:16 am]
joeytsa : even BWLD has moved 6+ pts
up/down
[07:17 am] joeytsa : not
saying GDI wont move, just that it will do it
without my money 🙂
[07:17 am] apple
: nice, that’s what makes it fun!
[07:17
am] eyes : makes sence
[07:18 am]
joeytsa : honestly: traders should be
done by now
[07:18 am] eyes : Thanks
Joey
[07:19 am] joeytsa : BIIB
hod
[07:19 am] joeytsa : not the
biggest vol though
[07:19 am]
joeytsa : gotya Mitch
[07:19 am]
gregs : si senor
[07:19 am]
rusty : capisce
[07:19 am]
apple : got it MK, watching means
watching…
[07:20 am] Ed : quick
spike
[07:20 am] joeytsa : yeah it
is
[07:21 am] rusty : looks like BP
fat finger
[07:21 am] joeytsa :
crude still rangebound, report out
soon
[07:23 am] joeytsa : BIDU
dancing along prev low
[07:23 am]
gregs : interesting mitch, just
wondering about HNT
[07:25 am] rusty
: patience is a virtue
[07:25 am]
joeytsa : someday i will get that
🙂
[07:26 am] gregs : so with the
market downtrending like this, you would only
take a long if it kinda screamed “good trade”
but otherwise be suspicious of all
longs?
[07:26 am] Ed : good approach, or u
could time with bottoming in SPY
[07:27
am] rusty : REGN bounce
[07:27 am]
apple : thx rusty
[07:28 am]
gregs : got it, catch small move up for
longs but don’t get too attached to em when
mkt turns
[07:29 am] apple : try not
to get too attached to any of them, greg…
no emotions
[07:29 am] apple : crude
in 2 min
[07:29 am] Ed : like with HNT,
market bounces it should help the longs,
naturally, if SPY bouncing and ur long is not
reason for caution
[07:30 am]
joeytsa : SWI trying for hod
[07:30
am] gregs : hmm SPY testing
lod
[07:30 am] rusty : PNRA CEO
CNBC
[07:30 am] apple : thx
rusty
[07:30 am] joeytsa : REGN has
been nice today
[07:31 am] skydiver
: monitoring CRM
[07:31 am] joeytsa
: crude trying to hold $88
[07:32 am]
skydiver : HNT came up finally – out
1/2 HNT L
[07:33 am] qwert :
monitoring BSFT
[07:33 am] joeytsa :
there’s your $126 target on REGN Mitch..well
played
[07:33 am] aussie123 : /cl
dive
[07:33 am] mh : HNT
moving
[07:34 am] joeytsa : if ES
loses 1330, overnight support is
1325
[07:34 am] apple : ES driooubg
1330
[07:34 am] apple :
dropping
[07:36 am] aussie123 : vxx
hitting new highs
[07:37 am]
skydiver : all out of HNT L
[07:38
am] skydiver : lost patience with HNT L
too soon
[07:38 am] rusty : GLW
radar
[07:39 am] apple : thx
rusty
[07:43 am] murano :
EDU
[07:43 am] apple : thx
murano
[07:43 am] joeytsa : im
taking my 18tps on REGN and calling it a day
🙂
[07:43 am] skydiver : nice work
joey
[07:43 am] apple : nice drop on
EDU
[07:43 am] Ed : nice joey
[07:43
am] joeytsa : time to play
saratoga..sky: my picks will be on my fb page
🙂
[07:44 am] joeytsa : thanks Ed,
told you there would be a few 10-baggers
coming soon
[07:44 am] apple :
fantastic joey!!! i’m with
you…
[07:44 am] skydiver : thnx
joey – will look them up on FB 😉
[07:46
am] qwert : yep out of regn
[07:47
am] eyes : Darn My alert was off on
EDU
[07:47 am] Ed : it broke down from
consol 12ish area
[07:47 am] rusty :
OREX lod
[07:48 am] eyes : that were
i had my trend line just missed it
[07:48
am] Ed : happens
[07:49 am] scalpman
: L EDU @ 11.45
[07:51 am] rusty :
REGN analyst positive comments
[07:51 am]
apple : ES 1328
[07:51 am]
skydiver : SPY dropping
[07:52 am]
scalpman : out 1/2 EDU L 2%
[07:53
am] skydiver : nice scalp
[07:53 am]
apple : very good scalp
[07:53 am]
scalpman : thanks Sky
[07:54 am] Ed
: nice scalp murano
[07:55 am]
scalpman : out another 1/4 EDU
L
[07:55 am] scalpman : thanks
ED
[07:55 am] scalpman : TRailing up
last piece
[07:57 am] murano :
RKT
[07:58 am] skydiver : thnx
murano
[07:58 am] scalpman : all out
edu …miss ed the top with data connection
loss in the middle of the trade…oh
well..
[08:01 am] scalpman :
murano?
[08:01 am] skydiver : Well,
out of time — today my head was not in the
zone – mishandled NFLX, then fought my way to
green – 🙂 makes lots $$$ today
—
[08:01 am] scalpman : Murano call
EDU?
[08:02 am] Ed : yes
[08:02 am]
scalpman : Thanks Murano..
[08:02
am] apple : bye sky, have a good
evening
[08:02 am] skydiver :
🙂
[08:02 am] apple : good job
murano
[08:02 am] Ed : c ya sky
[08:02
am] khall : bye sky – glad you are back
in the green
[08:03 am] skydiver :
yes – me too 🙂 ok I’m
gone
[08:03 am] qwert : watching
FDO
[08:04 am] apple : thx
qwert
[08:10 am] qwert : Ed are you
short GNC
[08:10 am] Ed : not yet still
monitoring
[08:13 am] scalpman : GNC
S @ 39
[08:16 am] scalpman : Out 1/2
GNC S
[08:17 am] murano :
GRA
[08:17 am] scalpman : Out
another 1/4 GNC S
[08:17 am] gregs :
nice scalp
[08:17 am] gregs :
man
[08:18 am] Ed : nice trading
scalp
[08:18 am] scalpman : Thanks
Greg….
[08:18 am] scalpman :
Hitting some nice midday trades
[08:18 am]
scalpman : All out GNC S
[08:19 am]
scalpman : Sorry wrong…
[08:19 am]
eyes : S 38.94 GNC
[08:19 am]
scalpman : Was filled on another
order
[08:19 am] qwert : way to go
eyes
[08:19 am] eyes : have stop at
1% profit
[08:20 am] eyes : now just
above Vwap
[08:21 am] qwert : yeah
thx scalpy
[08:21 am] scalpman : All
out GNC S
[08:22 am] scalpman :
Thanks ED
[08:23 am] scalpman : Godo
job Eyes
[08:23 am] Ed : no
problem,
[08:23 am] scalpman :
good
[08:23 am] eyes : 38.27 1.72%
out
[08:24 am] scalpman : I think ED
called the GNC short …thanks Ed
[08:24
am] Ed : nice going eyes
[08:25 am]
scalpman :
Murano….thanks…
[08:26 am]
scalpman : missed GRA will wait for
possible rebound
[08:26 am] eyes :
thanks again onlty 100 shares
[08:27 am]
eyes : BIDU watch
[08:27 am]
eyes : any ides ED
[08:27 am]
scalpman : GRA support at 56
[08:29
am] scalpman : Mitch 1 took percentage
on the waty down. 1% then at .41
and at .30.
[08:29 am] scalpman : 3
trades…If I had your new tool…I would
wait for the buy signal (ha)
[08:30
am] gregs : that looks delicious,
better than ice cream… almost
[08:30 am]
scalpman : I was at.71 .41 and
.30 1/2 1/4 1/4
[08:31
am] eyes : ED you See my Question on
Bidu
[08:31 am] scalpman :
Mitch….can I beta test the tool for
you….ha!
[08:31 am] qwert : same
here took i/2 at 1% then .46 and last at
.21
[08:33 am] scalpman : 20 to 40
ticks at $50 a tick is that right?
[08:33
am] qwert : lets put it on VMC and
watch for buy signal
[08:33 am] Ed : dont
like it here eyes, trading in small
range
[08:34 am] eyes : Ok
[08:35
am] scalpman : GRA S 56.20 small
position
[08:35 am] qwert : thx
mitch we are ready when ever u are
:))
[08:39 am] apple : gotta
go. thx MK, E and everyone.
heading off to tronx zoo. see you
tomorrow. all have a wonderful
evening
[08:39 am] Ed : c ya
apple
[08:40 am] gregs : have fun
apple
[08:40 am] khall : bye
apple
[08:40 am] qwert : have fun
apple
[08:41 am] qwert : thx
mtch
[08:43 am] scalpman : It great,
Mitch….
[08:43 am] scalpman :
it’s
[08:44 am] qwert : already out
small loss
[08:44 am] scalpman : GRA
behaviing nicely
[08:44 am] scalpman
: SPY tanking
[08:49 am] scalpman :
stopped b.e. on GRA…missed opportunity in
waiting…
[08:52 am] qwert :
Monitoring TPX for break of trend strong all
day so far
[08:54 am] scalpman : ED
theres the 57 on GRA
[08:54 am]
scalpman : …you called ut
[08:54
am] scalpman : it
[08:54 am] Ed :
got good fill
[08:55 am] scalpman :
way to go…
[08:55 am] murano
: IACI
[08:57 am] eyes : well the
test did not work on VMC
[08:58 am] Ed :
what test is that eyes
[08:59 am]
eyes : I tryed lightning small 100
shares
[08:59 am] Ed : u must not have
read Mitch comments
[09:00 am] eyes
: no i did not
[09:00 am] Ed : small range
on stock not good idea
[09:09 am]
qwert : Ed are u trading qcor
[09:09
am] murano : CAT
[09:10 am] Ed : yes
qwert
[09:20 am] Ed : u get the short on
qcor qwert
[09:20 am] qwert :
no :((
[09:21 am] scalpman :
Ed you called QCOR for long…when did you
short.?
[09:21 am] Ed : I reversed, when
it could not hold the lod,
[09:22 am] Ed :
in mmy comments i mentioned u look for retest
or lod to hold, advanced traders will take it
short know it is stlll weak when it cannot
hold.
[09:23 am] Ed : it what we always
talk about being flexible,
[09:23 am] Ed :
I did not have time to give specifics once
saw about to break was not enough
time
[09:24 am] Ed : but something for
future
[09:24 am] qwert : i got qcor
long
[09:25 am] Ed : make sense scalp, and
u look for break on vol like we got
[09:25
am] qwert : Ed what was your entry
price on the short qcor
[09:26 am] Ed :
40.16
[09:26 am] qwert : okay thx i
have got to be more flexible repeat,
repeat
[09:26 am] Ed : i know I dont count
but got it long too Mitch
[09:29 am] Ed :
hey scalp
[09:31 am] Ed : when stock had
drop about 5% 42.50 to 40.50 was looking for
long, fyi, whenever it cannot hold the low at
that particular time, lets u know stock is
still weak, so if u want to trade flow with
trend at that time and get short. U cant
contemplate though on this type of trade u
have to be on top of it and react
[09:32
am] qwert : thx Ed
[09:33 am] Ed :
BEAV was another example of this yesterday
study timeframe 9:30 to 9:54 same thing stock
had dropped about 5% weak bounce, offered
nice short then nice long
[09:34 am]
eyes : nflx looks like a good example
to
[09:34 am] Ed : its advanced trade but
another nice way to make some quick
points
[09:35 am] eyes :
does
[09:35 am] qwert : talking nflx
on fast money
[09:37 am] Ed : CAT was
another example of this
[09:38 am] Ed :
hope u all are making not of this as this
offers another type of trade
strategy
[09:38 am] Ed :
not=note
[09:39 am] qwert : thx
Ed
[09:39 am] qwert : NFLX below
60
[09:40 am] Ed : and one could hear a
pin drop
[09:40 am] b1faxm88 :
…
[09:41 am] Ed : nice observation on
NFLX eyes
[09:42 am] Ed : too late now,
but it lost area of consolidation 60.48 would
have been good short
[09:43 am]
jsn13 : Ed, for this type of trade,
must u have an obvious support when it
failed to bounce?
[09:44 am] jsn13 :
and also break much lower to show clear break
of lod?
[09:46 am] Ed : with this type of
trade ur purely paying attention to price
action, as u will see these trades drop hard
and fast and go through many areas of
support
[09:46 am] Ed : support is support
until it is not, dropping stock cut through
like butter
[09:47 am] Ed : same can be
said for the upside
[09:47 am] rusty
: BP flash crash
http://www.nanex.net/aqck2/3518.html
[09:4
7 am] jsn13 : how to avoid the fake
break lower, like a snap back?
[09:48 am]
rusty : QCOR radar
[09:48 am] Ed :
its in puttin pieces together, stock drops 5%
establishes lod, u get clear beak of lod with
vol, U will notice on these trades the
selling vol. is so pronounced, much different
from slow mover where u can blow ur nose take
out trash etc
[09:49 am] jsn13 :
thanks ed, thats the thing im looking
for…..good point….
[09:50 am] Ed : so
ur using as ur clue price/vol and u have to
be fast as it will give out point but u have
to take them cuz it will bounce back, dont
look for home run
[09:51 am] jsn13 :
another really good point here ed….very
useful for us…thanks…..
[09:56 am]
murano : LCC
[09:57 am] Ed : 1 last
point, indicators will lag big time as why ur
purely using price action
[09:59 am]
rusty : covered QCOR
[09:59 am]
jsn13 : I don’t use indicator now…so
no worry….
[09:59 am] Ed : nice
rusty
[10:01 am] qwert : thx Murano
for LCC
[10:31 am] qwert : BIIB
gettin closer
[10:33 am] shark :
Aloha everyone!
[10:33 am] qwert :
aloha shark
[10:34 am] Ed : hey
shark
[10:34 am] shark :
🙂
[10:35 am] mh : s BIIB
142.92
[10:40 am] rusty : QCOR re
radar
[10:41 am] eyes : S.35 stop
.55 biib
[10:42 am] eyes : that good
Ed
[10:43 am] Ed : yep its fine
[10:44
am] Ed : mine is tad tighter but just how I
play it
[10:44 am] eyes : so
.52
[10:44 am] victor51 : Thanks Ed,
Muranto for 3 winning trades on QCOR.
It helped wiped out this morning all
losses due to poor
executions/mistakes..
[10:45 am]
qwert : mine is at .52 eyes
[10:45
am] victor51 : All out qcor
[10:45
am] eyes : o well
[10:46 am]
mh : stopped big loss for me shorted
with no signal ouch
[10:46 am] Ed : yea u
dont want to take early entries like
that
[10:48 am] eyes : Ed next area
144.31
[10:48 am] Ed : so no big for me
Im trading 20% of normal postion size
and loss was only .10
[10:48 am]
shark : NFLX undecut its 1month
low
[10:48 am] Ed : passing will look for
somethink else
[10:48 am] eyes :
mine was .23 loss
[10:49 am] mh :
yep thanks ed
[10:49 am] rusty :
Italy downgraded
[10:52 am] Ed : see mh, u
stick with ur plan meaning taking signal
trade when u have an edge, so what if u hav a
loss, just know that over the day, weeks,
months, year, ur winner will more than make
up for ur losses
[10:52 am] mh :
just thinking the same thing thanks
Ed
[10:54 am] rusty : TSON radar –
negative report
[10:54 am] qwert :
Volume on RYL dried up
[10:54 am] Ed : it
did
[11:00 am] rusty : TSON spinal
device: And after 2 years, solid spinal
fusion had been obtained at both levels in
only 2 patients (8%),
[11:00 am]
murano : JCP
[11:01 am] rusty
: NASDAQ volume 770M shares – 8% above its
three-month average; advancers lead decliners
by 1.4:1.
[11:02 am] rusty : maybe
JCP exec going back to AAPL
[11:02 am]
rusty : lol
[11:02 am] Ed :
lol
[11:03 am] rusty : SHW catching
my eye for possible swing short
[11:04 am]
rusty : chart makes it look like tech
stock
[11:06 am] Ed : nice on jcp
murano
[11:06 am] qwert : thx for
JCP murano :))
[11:06 am] eyes
: S WDC .54 stop .64
[11:08 am] mh :
Ed stocks like JCP scare me to fade when the
spike has that kind of vol that they may have
news behind them but they seem to fade for a
nice profit
[11:09 am] Ed : yes, its
another type of strategy as well, u could
call it advanced. Best to sim trade them to
get use to them
[11:10 am] rusty :
problem nowadays is algorithms can add
big volume to a stock spike… e.g. BP
earlier
[11:11 am] mh : the
algprithms are having a hayday with me
lolol
[11:11 am] Ed : ur lookin for
parabolic move up with vol into resistance
area on daily. And ur wanting buyers to drop
off. just opposite for fast mover
down
[11:11 am] rusty : FDO
radar
[11:12 am] Ed : missed the drop, but
for study jason u see how QCOR still weak
loss the new lod area on vol
[11:13 am] Ed
: study timeframe 1:40est to
2:12est
[11:14 am] eyes : Well I am
Done made lots of mistakes today
-66
[11:15 am] Ed : how many
trades?
[11:15 am] eyes : good luck
everyone
[11:15 am] eyes :
7
[11:16 am] qwert : cya
eyes
[11:16 am] Ed : how much were u up
aaround 11:est
[11:16 am] eyes :
35
[11:16 am] Ed : see at that point u
should have sat on ur hands
[11:17 am]
jsn13 : thanks ed, saw that QCOR break
of 38….but where would be the
entry(according to ur stratgey)?
[11:17
am] Ed : after first 90 minutes especially
when ur up, u want to be very selective or
not trade, and if u do trade reduce share
size dramaically
[11:18 am] rusty :
Congratulations to Amy Winehouse – sober one
year.
[11:18 am] eyes : i cant
reduce 100 shares
[11:18 am] Ed : ex. if u
trade 100 shares normally then no trading, or
if u trade 500 reduce to 200. or if u trade
1000 reduce to 300 or 400 so ur not giving
back
[11:18 am] rusty : NVAX
radar
[11:19 am] eyes : Sound Good
going to study all my trades
[11:20 am] Ed
: on 2:07 sellers were screaming so .47 woul
be good
[11:21 am] Ed : but seems like ur
still up for the week eyes
[11:21 am]
eyes : yes i am
[11:21 am] Ed : I
think more sitting on the hands would make
you consistently profitable
[11:22 am] Ed
: the good news also, is ur trading smaller
share size, making it easier to bounce back
from days like today (although self induced
errors)
[11:22 am] eyes : I
agree
[11:23 am] eyes : I am also
looking at a lot of stuff i am not used
too
[11:23 am] jsn13 : so not the
1.56pm break of lod and 38 as entry? cos u
wnt some consolidation or bounces at these
breaks?
[11:24 am] Ed : its tryn to bottom
at that time
[11:24 am] Ed : or atleast a
breather
[11:24 am] jsn13 : so the
1.56 big red bar is not a sign of
break?
[11:26 am] Ed : 1:56 i show
doji
[11:26 am] jsn13 : ok nvm cos u
still have lod at 37.61…so u want a solid
break fo that level…
[11:26 am]
jsn13 : should be 1.55 then…its a
larger red bar…b4 the doji…
[11:26 am]
joeytsa : crude up about $1 past 20
minutes or so
[11:26 am] Ed : yelp still
never breached
[11:27 am] Ed : breached
lod that is
[11:27 am] jsn13 : ok
thanks alot i got it…..
[11:28 am] Ed :
and u can tell or will be able to tell alot
by glancing at stock seein its still in
downtrend
[11:29 am] jsn13 : ok
nice…..u have the trend with
u….
[11:29 am] qwert : Wow just
got back could have flipped jcp for big
money
[11:31 am] murano :
CTRP
[11:35 am] murano : Be careful
CTRP bad idea.
[11:45 am] qwert :
JCP res. 23.25 area
[11:48 am] qwert
: Ed are you long JCP
[11:50 am] Ed :
no
[11:52 am] qwert : thx was
curious if you bought the breakout
[11:52
am] Ed : just small short based oon ur
call
[11:53 am] qwert : i just got
.30 cents on this last short
:))
[11:55 am] Ed : raise u .10
[11:55
am] qwert : nice
[11:55 am] Ed : i
owe u the difference
[11:56 am] Ed :
🙂
[11:56 am] qwert : okay
cool
[11:56 am] Ed : .10 on 1 share carry
the 1
[11:56 am] qwert : a gumball
for me :))
[11:56 am] Ed : 🙂
[11:57
am] joeytsa : 🙂
[11:58 am]
qwert : Does anyone know why the sudden
increase in action on JCP
[12:01 pm]
rusty : CNBC mention
[12:02 pm]
rusty : re earlier action, rumors
etc
[12:02 pm] qwert : seems to be
moving alot for this stock big volume
day
[12:08 pm] joeytsa : QCOR trying
to hold $40
[12:10 pm] joeytsa :
ALXN hod, nice uptrend
[12:19 pm]
victor51 : Great stuff. i went back to
my qcor winnings and yuor strategy made lots
of sense. i did it from my guts and that may
not be that cool
[12:19 pm] mh :
PCS
[12:20 pm] Ed : actually that book is
great read, trading from the gut by curtis
faith
[12:21 pm] Ed : but i know what ur
saying
[12:22 pm] Ed : as long as ut
sticking to wining startegy, trading plan it
makes sense to trade from the gut and but u
have to have something in the gut to draw
from which comes from study,etc
[12:23 pm]
rusty : AEPI finally showing some
weakness today….patience ss
[12:23 pm]
Ed : nice topping pattern
[12:23 pm] Ed :
thx rusty
[12:24 pm] victor51 :
aepi
[12:24 pm] victor51 :
ignor
[12:26 pm] rusty : little too
thin to trade
[12:26 pm] rusty : I
have small position short
[12:28 pm] Ed :
its 3:27
[12:28 pm] Ed : lets see what
happens
[12:29 pm] rusty :
ok
[12:29 pm] rusty : it’s sumer
afterall
[12:29 pm] Ed : yep
[12:29 pm]
Ed : like clock work marke been getting a
bid
[12:30 pm] Ed : where is
geckio
[12:30 pm] qwert :
hahaha
[12:30 pm] joeytsa : yep,
same time as yesterday
[12:30 pm]
chinhngo : BOUGHT ARNA AT
9.48
[12:30 pm] Ed : gecko new those time
intervals
[12:31 pm] joeytsa :
almost like traders are anticipating the
top/bottom of the hour by a couple of
minutes
[12:31 pm] qwert : he sure
did
[12:31 pm] murano :
LVS
[12:33 pm] Ed : do u have a large
position chinhngo
[12:33 pm] rusty :
not sure that kind of talk allowed around
here
[12:33 pm] chinhngo : yes alot
and sell put also buy call
[12:37 pm] Ed :
just read ur post rustoleum
[12:38 pm] Ed
: ur a “mad man”
[12:38 pm] Ed : in
sumer
[12:42 pm] rusty : among other
seasons
[12:47 pm] rusty : For you
daredevils…EQIX reports
afterhours
[12:47 pm] rusty : hi
flying stock with bloated PE
[12:48 pm]
rusty : .60 expected
[12:48 pm] Ed :
should finally break from range
[12:48 pm]
rusty : get ready for
fireworks
[12:50 pm] rusty : 467M
revs expected
[12:51 pm] joeytsa :
has made some lower highs this
month
[12:51 pm] joeytsa : jumped
20+ pts on last earnings it looks
like
[12:56 pm] rusty : WFM
afterhours as well
[12:57 pm] rusty
: worth watching
[12:57 pm] rusty :
40ish PE
[12:57 pm] rusty : .60
expected on 2.7B revenues
[12:59 pm]
joeytsa : Thanks Ed, Mitch
[12:59
pm] qwert : by everybody great calls
today
[01:00 pm] victor51 : Cyou
tomorrow
[01:04 pm] qwert : looks
like wfm beat
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