[06:31 am] Mitch K: watching DDD for
bottom to buy
[06:31 am] Mitch K:
watching MTZ for bottom to buy
[06:31 am]
Mitch K: watching HOG for bottom to
buy
[06:32 am] Mitch K: watching EXC for
bottom
[06:32 am] Mitch K: watching JWN
for bottom
[06:32 am] Mitch K: watching
MCP for bottom to buy
[06:32 am] Mitch K:
watching NVS for bottom to buy
[06:32 am]
Mitch K: watching GG for bottom to
buy
[06:32 am] Mitch K: watching NUS for
top to short, looking fgor rebound first to
54.40
[06:33 am] Mitch K: watching FIRE,
ABX, SWN, AEM for bottom
[06:33 am] Mitch
K: watching WPI for bottom
[06:34 am]
Mitch K: monitoring CVS for bottom
[06:35
am] Mitch K: watching WLP for top to
short,
[06:35 am] Mitch K: more downside
on GRMN, waiting for 41.1 first
[06:35 am]
Mitch K: watching KGC for bottom, low
priced
[06:35 am] Mitch K: monitoring
TMH
[06:35 am] Mitch K: watching TWC for
top
[06:35 am] Mitch K: watching XEC for
bottom
[06:36 am] Mitch K: more downside
in DEO
[06:36 am] Mitch K: watching N fo
rbottom to buy
[06:36 am] Mitch K:
healthcare for short
[06:36 am] Mitch K:
for shorts
[06:36 am] Mitch K: watching
for tops in healthcare stocks today:
AET, HUM, UNH, WLP
[06:37 am] Mitch K:
watchign DGI for bottom
[06:37 am] Mitch
K: monitoring KSS
[06:37 am] Mitch K:
monitoring SDRL
[06:37 am] Mitch K:
watching ENR closer
[06:38 am] Mitch K:
AFL toppy for short
[06:38 am] Mitch K:
monitoring DE
[06:38 am] Mitch K: watching
NSR for bottom to buy
[06:38 am] Mitch K:
watching FIRE closer
[06:38 am] Mitch K:
watching N closer
[06:38 am] Mitch K:
watching HLF for bottom to buy
[06:39 am]
Mitch K: watching NUGT, low priced,
careful
[06:39 am] Mitch K: watchign RATE
for short
[06:40 am] Mitch K: consider
reducing or selling MCP if long
[06:40 am]
Mitch K: consider selling NVS if
long
[06:40 am] Mitch K: monitoring
ROC
[06:41 am] Mitch K: consider selling
WPI
[06:41 am] Mitch K: consider reducing
or selling EXC if long
[06:41 am] Mitch K:
most of these early bottoms should be reduced
if long
[06:41 am] Mitch K: consider
selling JWN
[06:41 am] Mitch K: watch
healthcare to cover shorts
[06:42 am]
Mitch K: consider selling MTZ long
[06:42
am] Mitch K: consider covering NUS
short
[06:43 am] Mitch K: consider
covering WLP short
[06:43 am] Mitch K:
consider covering UNH
[06:43 am] Mitch K:
consider selling XEC long
[06:44 am] Mitch
K: consider selling most of SWN or
all
[06:44 am] Mitch K: consider covering
TMH short soon
[06:44 am] Mitch K:
watching TWC to cover soon
[06:44 am]
Mitch K: soon
[06:44 am] Mitch K: try for
best price to cover AET
[06:45 am] Mitch
K: consider selling CVS
[06:45 am] Mitch
K: watching ABX closer, also FIRE
[06:46
am] Mitch K: hit 52.80
[06:46 am] Mitch K:
hope you sold N above 51
[06:47 am] Mitch
K: cover KSS soon if short
[06:47 am]
Mitch K: watching DGI closer
[06:48 am]
Mitch K: still watchign ROC for top to
short
[06:49 am] Mitch K: watching KSS for
bottom to buy, should cover if you took
short
[06:49 am] Mitch K: watching DVN for
bottom
[06:49 am] Mitch K: watching VRSK
for bottom
[06:50 am] Mitch K: watching
FMC for bottom
[06:50 am] Mitch K:
consider reducing FIRE
[06:51 am] Mitch K:
FIRE fizzling, consider selling if
long
[06:53 am] Mitch K: looking for 8.50
to 8.60 on NUGT bounce, be flexible
[06:53
am] Mitch K: watching ROC closer for
top
[06:53 am] Mitch K: consider covering
AFL if short
[06:54 am] Mitch K: watching
FIRE for top to short, top of this rebound,
its strong though, wait longer
[06:55 am]
Mitch K: consider selling DGI
[06:55 am]
Mitch K: consider selling N if long
[06:56
am] Mitch K: watching DRIV for bottom, take
time, careful with this one
[06:56 am]
Mitch K: everything fast today, full cycles
already finished from earliest
ideas
[06:57 am] Mitch K: watching LVLT
for short here soon
[06:58 am] Mitch K: if
short
[06:58 am] Mitch K: looking for $77
area on WPI
[06:58 am] Mitch K: watching
for short on top of ODFL bounce, taking time
with shorting these rebounds
[06:59 am]
Mitch K: GG bounce weak, consider
selling
[06:59 am] Mitch K: good job if
you got the MTZ long and then short; if
short, looking to cover soon here 14.59
area
[07:00 am] Mitch K: ODFL bounce
fizzling
[07:01 am] Mitch K: watchign ESRX
for bottom
[07:02 am] Mitch K: monitoring
DAN
[07:03 am] Mitch K: consider covering
TKR if short
[07:03 am] Mitch K: consider
covering RATE short
[07:04 am] Mitch K:
what a pleasant surprise today,
[07:05 am]
Mitch K: consider selling AEM if long, watch
for short on top of bounce
[07:05 am]
Mitch K: thats what my wife said 23 years ago
on first date, not sure what she would say
today though
[07:06 am] Mitch K: consider
selling ABX long
[07:06 am] Mitch K:
consider selling SWN if long
[07:07 am]
Mitch K: esrx
[07:07 am] Mitch K:
e
[07:07 am] Mitch K: watching DAN for
bottom
[07:07 am] Mitch K: consider
selling FIRE
[07:07 am] Mitch K: feels
like a lot of rebalancing with mutual funds
is going on today, selling and then
repurchasing by other funds
[07:09 am]
Mitch K: consider reducing KSS long
[07:09
am] Mitch K: consider selling JWN
long
[07:09 am] Mitch K: sorry about
that
[07:10 am] Mitch K: consider selling
N if long
[07:11 am] Mitch K: also
consider selling KCG if long
[07:11 am]
Mitch K: consider selling KGC if
long
[07:12 am] Mitch K: DVN is a
no-go
[07:12 am] Mitch K: watching ROC
closely to cover short
[07:13 am] Mitch K:
cover AFL if still short,
[07:13 am] Ed :
SPY new lod
[07:13 am] Mitch K: moves are
exaggerated both directions
[07:13 am]
Mitch K: what volatility today, best ive seen
in so many stocks, tell me you guys had to
make money
[07:14 am] Mitch K: last 45
minute was like salmon fishing in a
hatchery
[07:14 am] Mitch K: sell HLF if
long
[07:14 am] Mitch K: cover RATE
soon
[07:15 am] Mitch K: consider selling
NUGT if long
[07:16 am] Mitch K: starting
with Barney Frank
[07:16 am] Mitch K:
politicans going to cry and whine tomorrow,
no tonight,
[07:16 am] Mitch K: headlines
on CNBC: Volatility may be
attritubtalbe to aggressive algo to
sell
[07:18 am] Mitch K: getting new round
of drops
[07:18 am] Mitch K: watching JCP
for bottom
[07:19 am] Mitch K: we should
get another round of that salmon bite, not as
many stocks will participate though as first
round
[07:19 am] Mitch K: SPY at low of
day
[07:19 am] Mitch K: watching NYX for
bottom
[07:20 am] Mitch K: watching BVN
for top to short
[07:20 am] Mitch K: are
you saying you are long ES apple at
$1374
[07:21 am] Mitch K: monitoring
AXL
[07:22 am] Mitch K: watching for short
on top of BVN bounce
[07:24 am] Mitch K:
watching CNW for bottom
[07:27 am] Mitch
K: you guys, trading is still good, expecting
another round ofr moves
[07:28 am] Mitch
K: look for the tops of the bounces, they are
getting sold
[07:28 am] Mitch K: watching
TSCO for bottom
[07:29 am] Mitch K: cover
all healthcare stocks, WLP, AET, CI, HUM,
UNH,
[07:29 am] Mitch K: consider covering
HUM if short
[07:32 am] Mitch K: watching
FIRE for short here
[07:32 am] Mitch K:
later i mean
[07:32 am] Mitch K: watch for
top in DVN for short
[07:32 am] Mitch K:
Funny how i said DVN was a NO-GO, almost
everything was a GO today
[07:38 am] Mitch
K: good one murano
[07:38 am] Mitch K:
watching SLB for top to short
[07:39 am]
Mitch K: small short in WXS here
[07:39
am] Mitch K: missed bottom in RATE but
watching for top to short, prob mid
17s
[07:42 am] Mitch K: watching for 2nd
helping short in HSP, missed first
[07:42
am] Mitch K: more downside in FIRE
[07:52
am] Mitch K: looking at HOG for short
here
[08:00 am] Mitch K: consider covering
FIRE
[08:01 am] Ed : IDCC alert
[08:02
am] Mitch K: monitoring SNI
[08:06 am]
Mitch K: watching GRMN for bottom, no
hurry
[08:06 am] Mitch K: sell signal
IDCC
[08:07 am] Mitch K: seeing some
selling, should help any shorts
[08:09 am]
Mitch K: if goes under 32 then 31.50 comes
quickly
[08:09 am] Mitch K: what you want
to be doing is watchign if IDCC hits lower
low
[08:10 am] Mitch K: there you go 31.80
IDCC
[08:10 am] Mitch K: ok lower
low
[08:19 am] Mitch K: the more you look
at indicators, the more you talk yourself
into closing a winner like IDCC
short
[08:19 am] Mitch K: no buy signal
yet on IDCC short
[08:26 am] Mitch K: no
buy signal yet in IDCC but consider reducing
some of that short in increments
[08:28
am] Mitch K: when im in a trade and it stalls
like IDCC, i tend to reduce, i try to
cover at bid price on covering
short
[08:29 am] Ed : Advanced trade DDMG
alert
[08:30 am] Ed : vol thin on
DD<G
[08:31 am] Ed : DDMG halted
for volatility
[08:37 am] Ed : if u took
DDMG short would cover
[08:37 am] Mitch K:
buy signal IDCC
[08:40 am] Ed : this time
of day would use smaller share size as to not
give back ur wininings from ealier
[08:41
am] Ed : if u took long would
reduce
[08:41 am] Ed : nice bounce in
KCG
[08:44 am] Ed : Had VVUs on shoet list
and missed completely
[09:04 am] Ed : good
eye murano GMCR
[09:19 am] Mitch K: pretty
amazing ZNGA was over $14 in March now under
$3
[09:25 am] Ed : SPY trading near
trendline resistance
[10:02 am] Ed :
getting bounce in SPY
[11:14 am] Ed :
SPike down im markets
[12:05 pm] Ed :
getting slight bounce in SPY
[12:18 pm] Ed
: watching FIRE for long thx gregs
[12:29
pm] Ed : if u took FIRE long would reduce
here
[12:32 pm] Ed : TS reported
earnings
[12:37 pm] Ed : if u took TS
short would cover here
[12:49 pm] Ed :
getting some sellling in markets
[12:54
pm] Ed : not enough time
[12:59 pm] Ed :
Have a great evening traders
[01:33 pm]
Mitch K: wasnt Rusty trading that?
[01:33
pm] Mitch K: did you guys see that trades in
CO are being cancelled today?
| [06:10 am] khall : Good morning
everyone!
[06:18 am] scalpman : gm
all
[06:18 am] cdougan : Good
Morning
[06:19 am] gregs : gm
everyone
[06:19 am] cowboyh : GM
everyone
[06:20 am] scalpman : hi
ed
[06:22 am] akram : GM
ALL
[06:25 am] skydiver : gm
everyone
[06:26 am] serge :
goodmorning everyone
[06:27 am]
qwert : good morning
everybody
[06:32 am] apple : good
morning to all fun traders
[06:32 am]
rusty : NUS radar
[06:33 am]
rusty : JCP radar
[06:34 am]
rusty : NUS come to papa
[06:34 am]
apple : thx rusty
[06:34 am]
rusty : ANF radar
[06:38 am]
rusty : JEC radar
[06:41 am]
rusty : P radar
[06:41 am]
skydiver : covering ANF S = thnx
rusty
[06:42 am] rusty : NUS
lod
[06:42 am] skydiver : covered
ANF S 36.14 – 35.18
[06:42 am] rusty
: papa buying baby new shoes
[06:42 am]
apple : nice, blue or pink?
[06:42
am] rusty : make that NUShoes
[06:43
am] skydiver : nice rusty
[06:44 am]
rusty : NAVB radar
[06:44 am]
rusty : NAVB alert
[06:46 am]
rusty : C standing out – early
weakness
[06:46 am] apple : thx
rusty
[06:46 am] rusty : KCG
radar
[06:47 am] rusty : NAVB
bouncing
[06:48 am] rusty : C
radar
[06:48 am] rusty : something
not right, lod
[06:49 am] skydiver :
cover 3/4 FIRE L 44.12 –
45.49
[06:50 am] apple : nice on
FIRE, good job sky
[06:50 am]
skydiver : thnx apple
[06:51 am]
rusty : Streetinsider: Numerous Stocks
See Strange Action – Traders are noticing a
lot of strange trading in individual stocks
today, suggesting something is
amiss.
[06:51 am] Ed : i agree
rusty
[06:51 am] apple : no
kidding…
[06:51 am] skydiver : all
out of FIRE L
[06:52 am] apple : ROC
really nice, thx
[06:52 am] rusty :
SHW radar
[06:53 am] rusty : NAVB
bought baby another pair of shoes
[06:53
am] rusty : monster move
[06:54 am]
rusty : algorithms gone wild
today
[06:55 am] skydiver : MCP hit
circuit breaker
[06:55 am] gregs : 4
stops, sitting on hands
[06:56 am]
apple : smart, greg. something i
still wrestle with…
[06:57 am]
skydiver : CLGX – hit circuit breaker –
attributed to problems perhaps — KRO
as well — CL as well —
interesting
[06:57 am] rusty : CO
radar
[06:58 am] rusty : CO
alert
[06:58 am] rusty : CO
alert
[06:58 am] apple : thx
rusty
[06:58 am] skydiver : circuit
breakers happening thru a golden sacks
system – from Fly on the Wall
[06:59
am] skydiver : some problem — waiting
to hear more info
[06:59 am] rusty :
even RSH is up today
[06:59 am]
rusty : algos taking over the
planet
[06:59 am] apple : nice
rusty
[07:00 am] eddy :
UVXY
[07:01 am] rusty : bettya
there’s gonna be an investigation after this
morning’s action
[07:01 am] skydiver
: I think you are correct rusty
[07:01 am]
skydiver : crazy day
[07:01 am]
rusty : CO still running
[07:01 am]
apple : nice one rusty
[07:03 am]
apple : volume is down
everywhere
[07:04 am] rusty : CO
come to papa
[07:04 am] rusty :
wow
[07:04 am] skydiver : yes Mitch
– nice day — strange but nice
[07:05 am]
rusty : baby getting new coat
too
[07:05 am] apple : best dressed
baby
[07:05 am] khall : watch out –
pretty soon baby will be getting a new Benz
🙂
[07:05 am] gregs : lol
mitch
[07:05 am] apple : haha with a
driver
[07:06 am] rusty :
lol
[07:06 am] murano :
KCG
[07:06 am] rusty : Driving Miss
Baby?
[07:06 am] khall :
exactly
[07:06 am] rusty :
whattamorning
[07:07 am] apple :
what about the twin?
[07:07 am]
apple : august 1 might explain
it
[07:07 am] rusty : DJ Knight
Capital: `Looking Into’ Stock Swings
-Bloomberg TV
[07:07 am] rusty :
here come the investigations
[07:11 am]
gregs : weird, i see a high volatility
consoliation then a continuation
[07:11
am] apple : CO was a real ride
rusty!
[07:13 am] gregs : nice, grab
some apple?
[07:13 am] skydiver :
SPY dropping
[07:14 am] rusty : NAVB
and CO were particularly fun
[07:14 am]
rusty : crazy moves
[07:14 am]
rusty : NAVB still moving
[07:15 am]
skydiver : good way to put it Mitch
🙂
[07:15 am] rusty : Mitch clubbing
baby salmon/
[07:17 am] qwert :
hahaha
[07:19 am] apple : ES
1374
[07:22 am] qwert : thx for jcp
nice
[07:24 am] rusty : Banks near
lod
[07:27 am] apple : thx
MK
[07:29 am] gregs : just caught
one in JCP mitch thx
[07:29 am]
rusty : KRO radar
[07:31 am]
rusty : Chatter that Knight had a
program to be executed over 5 days, but was
incorrectly completed over 5mins
instead
[07:33 am] rusty : Anyone
who has had the displeasure of trading this
market since the open will be well aware that
the massive selling that started at 3:59:57
PM yesterday just as we showed, appears to
have continued into today, after an algo,
supposedly one impacting NYSE stocks this
time, and proving that the entire market is a
broken joke, not just Nasdaq and BATS, and
one which is linked to Knight Capital, has
continued this morning, sending countless
stocks into the proverbial “batshit”
formation, with moves of 10% higher and lower
for no apparent reason.
[07:33 am] Ed :
thx rusty
[07:33 am] apple :
internet probs again
[07:34 am]
rusty :
http://www.zerohedge.com/news/broken-market-c
hronicles-initial-forensic-visual-evidence-mo
rnings-algo-freak-out
[07:34 am]
apple : thx rusty for the info!
radarrusty
[07:37 am] skydiver :
interesting article — thnx rusty
[07:38
am] murano : SLB
[07:38 am]
rusty : CO almost closed the
gap
[07:38 am] rusty :
crazy
[07:38 am] apple : thx
murano
[07:39 am] totora : now I
know what it’s like to b a Salmon… gtg cu
tomorrow
[07:40 am] rusty : NAT
another crazy one
[07:40 am] Ed : c ya
totora
[07:40 am] apple : agree
rusty on NAT back at the open
[07:41 am]
rusty : N another crazy one
[07:42
am] gregs : nice, anyone get
FIRE
[07:42 am] rusty : WZE was the
craziest but very low volume
[07:43 am]
rusty : today’s candles are very
ominous
[07:43 am] rusty : e.g.
CL
[07:44 am] murano : TWX
[07:44
am] rusty : ty murano
[07:44 am]
rusty : at breakout area
[07:45 am]
apple : thx murano
[07:45 am]
rusty : prev high 39.49
[07:46 am]
rusty : Louis Bacon returning 2B to
investors
[07:47 am] rusty : nice
headsup murano
[07:47 am] rusty :
ty
[07:47 am] Ed : nice one
murano
[07:47 am] apple : murano –
you are great, thx
[07:48 am] rusty
: imagine if NYSE decides to break some of
today’s trades
[07:48 am] skydiver :
thnx as well murano – interesting thought
rusty
[07:49 am] victor51 : ODLF
dropping hard
[07:50 am] victor51 :
Mitch Thanks for ODLF
[07:50 am]
murano : Thank you
[07:50 am]
apple : we owe you…
[07:51 am]
scalpman : ODFL?
[07:51 am]
rusty : ODLF?
[07:53 am]
victor51 : Rusty. I mean ODFL
[07:54
am] victor51 : Shorted ODFL at 41.84 .
Covered 1/2
[07:54 am] skydiver :
well – have to go – will see you all tomorrow
morning. In the green today nicely
🙂
[07:54 am] Ed : c ya sky
[07:55 am]
qwert : bye sky
[07:55 am]
skydiver : thnx for great calls
everyone as well!! 🙂
[07:55 am]
rusty : buy sky
[07:55 am]
scalpman : Bye Sky
[07:55 am]
apple : have fun sky
[07:55 am]
khall : see ya sky
[07:55 am]
cdougan : later sky
[07:56 am]
eddy : BYE Sky
[07:59 am]
rusty : NYSE says trading in 148
securities under revie
[07:59 am]
rusty : w
[08:01 am] qwert :
Idcc
[08:01 am] rusty :
http://wsf.typepad.com/wall-street-forecaster
/2012/08/iran-khamenei-war-within-weeks.html<
br>[08:02 am] rusty : IDCC appeals
court decision
[08:02 am] apple :
thx qwert
[08:03 am] rusty : IDCC
wins us appeal vs NOK
[08:04 am]
rusty : NOK radar
[08:04 am]
rusty :
http://www.cafc.uscourts.gov/images/stories/o
pinions-orders/10-1093.pdf
IDCC
[08:06 am] apple : thx
rusty
[08:09 am] rusty : better take
off a few hours – dont want to give baby new
shoes back
[08:09 am] rusty : gl
everyone
[08:09 am] apple : thx
rusty. have some fun. see ya
later
[08:10 am] Ed : c ya rusty
[08:11
am] scalpman : fev 31.60
[08:11 am]
scalpman : fib
[08:11 am]
apple : BUD
[08:11 am] apple :
wron g screen
[08:12 am] gregs :
price action on IDCC confusing to
me
[08:13 am] gregs : hits 31.80
reverses hard, hits 32.40 reverses again,
then reverses and breaks higher than
32.40
[08:15 am] scalpman :
fib 30.93
[08:15 am] scalpman
: for IDCC
[08:16 am] gregs : not
sure i follow scalp
[08:17 am]
scalpman : fibinacci
retracement
[08:17 am] gregs : how
did you draw yours?
[08:17 am]
scalpman : fibonacci
[08:18 am]
scalpman : from the top to the support
area 37.86
[08:18 am] scalpman :
27.86
[08:18 am] cdougan : NFLX
approaching LOD
[08:18 am] cdougan :
or new LOD
[08:18 am] scalpman :
IDCC oversold on stochs…approach 50%
retracement
[08:19 am] gregs : i see
hm
[08:20 am] gregs : IDCC still in
downtrend until it breaks trendline
imho
[08:20 am] gregs : failed 34
ish
[08:20 am] gregs : went through
33 hard
[08:22 am] gregs :
1m
[08:23 am] scalpman : 30.93
holding
[08:23 am] scalpman : on
IDCC
[08:26 am] qwert : BVSN still
just dribbling thx MK
[08:26 am]
qwert : dribbling down
[08:27 am]
scalpman : Greg did you put the fib ret
lines on…?
[08:28 am] gregs : yes
scalp
[08:28 am] gregs : from 34 to
27.68
[08:29 am] gregs : i see the
area in now is 50%
[08:29 am] qwert
: ALLT odd movements
[08:29 am]
gregs : and its consolidating, so it’ll
pounce either way soon
[08:30 am]
apple : nice on DDMG E
[08:30 am]
qwert : halted right?
[08:31 am]
apple : looks like it qwert
[08:32
am] qwert : SLB testing hod
[08:32
am] rusty :
http://www.bgr.com/2012/08/01/att-iphone-sale
s-decrease-managers-orders/
[08:32 am]
scalpman : Gregs, or it goes dormant
like at the opening!
[08:32 am]
apple : quick break for you
rusty!
[08:32 am] gregs : ha yeah i
always think they’re going to fly
[08:33
am] rusty : still on break, that was
rustynewsalert
[08:34 am] scalpman :
I like the fibonacci tool. It gives you a
sense of wear to take a profit.
[08:34 am]
qwert : monitoring TCO
[08:34 am]
gregs : i can see how it would calm me
down a bit
[08:34 am] scalpman :
also if it down get past 50% it is supposed
to be retrace of the original
trend.
[08:34 am] scalpman :
doesn’t
[08:34 am] gregs : i tend to
scalp my first 1/2
[08:35 am]
scalpman : me too.
[08:35 am]
scalpman : Still it could go
lower…
[08:35 am] scalpman : DDGM
active
[08:36 am] apple : thx
acalp
[08:36 am] scalpman :
DDMG
[08:37 am] gregs : nice
mitch
[08:37 am] apple : thx
E
[08:37 am] apple : thx
MK
[08:37 am] scalpman : thanks
Mitch
[08:37 am] rusty : KNIGHT
TELLS CLIENTS TO EXECUTE TRADES ELSEWHERE FOR
NOW
[08:38 am] khall : wow – that’s
crazy
[08:39 am] jsn13 : Mitch,
where did the sell signal appear? what time
and price was shown on your alert
window?
[08:39 am] jsn13 : for IDCC
short i mean….thanks…
[08:40 am]
cdougan : I’m outta here. Thanks for
the great calls and have a great
session.
[08:40 am] apple : bye cd
have fun
[08:40 am] apple : thx E
for the reminder
[08:40 am] gregs :
take care cdougan
[08:40 am] Ed : c ya
cdougan
[08:40 am] qwert : cya
cdoug
[08:40 am] scalpman : Bye
dougan…
[08:40 am] khall : bye
cdougan – have a good one
[08:41 am]
scalpman : 1st target on IDCC
32.13
[08:41 am] scalpman : has to
break 31.70
[08:43 am] scalpman :
Mitch is IDCC buy/sell in narrow trading
range.. looks like it might
be
[08:43 am] Ed : good eye scalp, its
trading in narrow range
[08:44 am]
scalpman : I think it may just dry
up…for today…
[08:48 am] apple :
time to move on…
[08:52 am] qwert
: yawn got slooowww
[08:52 am]
scalpman : ha
[08:52 am] qwert
: hahaha
[08:52 am] apple : break
ti;me?
[08:57 am] rusty : FARO
radar
[08:57 am] rusty : still on
break here
[08:59 am] apple : thx
rusty, big drop in FARO
[08:59 am]
rusty : NYSE provides symbols of 140
stocks being reviewed for today’s trades
http://markets.nyx.com/nyse/trader-updates/vi
ew/11183
[09:00 am] rusty : back to
break
[09:03 am] murano :
GMCR
[09:07 am] rusty : CNBC: Today
is more evidence that the system worked and
we didn’t flash crash
[09:07 am]
rusty : someone call the police, CNBC
needs to be arrested
[09:08 am]
rusty : back to break
[09:08 am]
qwert : Ed are you long GMCR
[09:09
am] gregs : anyone in the room know
mhaus? he lives in austin, going for
coffee later this aft
[09:09 am] Ed : yes
great guy
[09:09 am] Ed : no did not take
it how bout you?
[09:09 am] gregs :
cool, good to know
[09:09 am] qwert
: missed
[09:09 am] ben4givn : Ed,
watching VVUS sink, but never saw signal to
short. what time?
[09:09 am] Ed : He
is suppose to be back in the room he
says
[09:09 am] qwert : watching for
short
[09:10 am] Ed : did not give a
signal, we were speaking of it yesterday, I
had it on my radar but missed it
[09:11
am] ben4givn : oh, thought I missed
somthing. thanks
[09:11 am]
qwert : no shares gmcr for short at
lightspeed
[09:11 am] Ed : yea it was big
miss
[09:11 am] scalpman : Time to
good…some big hits, but some stops overall
green.
[09:11 am] scalpman : Thanks
for great calls.
[09:11 am] scalpman
: See you all tomorrow.
[09:11 am]
scalpman : Scalpman has left the
building…
[09:11 am] Ed : c ya
scalp
[09:12 am] scalpman : Bye
Ed
[09:13 am] gregs : see ya
scalp
[09:13 am] rusty : buy
ed
[09:13 am] rusty : KNIGHT SAYS IT
WILL CONTINUE TO REVIEW TRADING
ISSUES
[09:13 am] rusty : back to
break
[09:14 am] rusty : p.s. short
KCG into any pop
[09:14 am] rusty :
sounds like there are going to be
lawsuits
[09:17 am] Ed : I hear barney
frank on phone now
[09:20 am] Ed : he sure
did age
[09:23 am] qwert : Watching
X
[09:24 am] qwert : res 22.12
area
[09:24 am] qwert : on
X
[09:34 am] Ed : they are bringing out
all the 90’s gurus today
[09:35 am]
apple : taking a class this
afternoon. thx MK, E an everyone.
have a great evening.
[09:35 am] Ed : c ya
apple
[09:35 am] qwert : Hey
everybody Today is 1 year Cancer Free for my
Daughter !!!!
[09:36 am] Ed : wonderful to
hear
[09:36 am] strader : nice to
hear qwert
[09:36 am] qwert : Praise
the Lord!!
[09:37 am] Ed : amen
[09:37
am] apple : tg qwert
[09:37 am]
ben4givn : wonderful!
[09:37 am]
eddy : halleluia qwert
[09:38 am]
murano : That’s great qwert
[09:42
am] victor51 : Qwert, that’s great
news.
[09:42 am] qwert : Thanks
everyone we are very excited here
[09:43
am] gum : may Jesus watch over her with
hi
[09:44 am] khall : that’s great
news qwert
[09:44 am] Ed : will she be
going to school in nc, qwert?
[09:47 am]
qwert : Not yet Ed shes going to
audition here for a semester maybe 2 if it
goes well
[09:47 am] Ed : nice
[09:49
am] rusty : qwert, glad to hear, here’s
to many more healthy years for her
[09:49
am] rusty : back to break
[09:49 am]
qwert : hahaha
[09:51 am] Ed : nice
call rusty on KCG
[09:55 am] qwert :
amrn
[09:57 am] qwert : sorry didnt
realize it was already up
[09:57 am] Ed :
ur fine, was just watching it
[09:58 am]
qwert : 🙂
[10:02 am] jsn13 :
ed and qwert, did u guys go long on
AMRN?
[10:04 am] Ed : i did not play it
jasn
[10:05 am] jsn13 : negative on
the daily? looking for short at the break of
11.20 area instead?
[10:08 am] Ed : to
close to potential support on daily
[10:08
am] jsn13 : as in so what r u looking
for then?
[10:08 am] rusty : HAUP
radar…good short into any significant
pop
[10:08 am] Ed : Im not, no interest in
it
[10:08 am] rusty : back to
break
[10:17 am] rusty :
http://www.nanex.net/aqck2/3522.html
[10:1
8 am] jsn13 : ok thanks….but if u r
free, i would liek to know the reason u omit
it.
[10:19 am] Ed : I did mention to close
to support on daily
[10:19 am] jsn13
: but how bout the long?
[10:20 am]
jsn13 : do we have the edge
there?
[10:21 am] Ed : dont like it,
sitting still small range. As trader u want
volatility, movement nice range
[10:21 am]
jsn13 : why is it a small range? on
what time frame?
[10:22 am] jsn13 :
what do u mean by small range?
[10:22 am]
Ed : 1,2,3,5,15 and daily trading
inside
[10:22 am] Ed : also it
consolidating
[10:23 am] jsn13 : im
asking for the entry at 12.57 est…did u
take it?
[10:23 am] Ed : range is area in
which its trading top/bottom
[10:24 am] Ed
: did not
[10:24 am] jsn13 : can u
draw the range that u r talking
about?
[10:25 am] Ed : which time period
right now
[10:26 am] Ed : from 1:16 to
present .02 range
[10:26 am] jsn13 :
erm ok myu question is why r u not interested
in the long at 12.57 juz now….is it bcos it
is trading in the small range?
[10:27 am]
Ed : small range when I looke at it
[10:27
am] jsn13 : on what time range is the
range that u r talking about?
[10:27 am]
Ed : from 1:16 to present .02 range
[10:27
am] Ed : 1:16est to present time
[10:28
am] jsn13 : so the reason u did not
tkae AMRN long at 12.57 est entry is because
AMRN is trading in small range from from 1:16
to present .02 range?
[10:29 am]
jsn13 : i don’t get it. sorry if i am
abit slow.
[10:29 am] Ed : No, like i said
when I looked at the stock 1:16 it was in
small range, u asked again time had passed it
was still trading in that range
[10:30 am]
Ed : at 12:57 I was not even looking at the
stock eventhough I put it up in the
room
[10:31 am] jsn13 : ok so if u
see it, would u take it long cos 12.56 gave s
signal right?
[10:31 am] Ed : when it gets
really slow, I am looking for higher
probability trades like news movers
[10:32
am] qwert : monitoring actg
[10:32
am] jsn13 : ok
good….thanks….
[10:33 am] gum :
rusty, thanks for NAVB
[10:35 am] Ed :
although AMRN was a news mover wanted more
selling, if it had gotten down to say 11 or
lower with parabolic selling would have take
it long
[10:35 am] jsn13 : btw ed, i
am also looking for the kind of setup very
similar to urs. that’s i ask u lots of
question, still polishing my selection skill.
still not able to choose the best
ones.
[10:36 am] Ed : but since my scanner
was not jumping off, it did not interest
me
[10:37 am] jsn13 : ok
understand.
[10:38 am] Ed : same with
LNKD, it sold off but scanner was not
screeming, like with heavy selling, parabolic
selling
[10:38 am] rusty : ARNA fda
approval celebration now a sell e
bration
[10:39 am] Ed : so it gave signal
to buy but I passed
[10:40 am] jsn13
: how bout the move down from 1.12 to 1.14?
still not consider parabolic selling +
increasing volume?
[10:40 am] jsn13
: too close to resistance u mean?
[10:41
am] Ed : no, wanted more selling, u want more
stretching of ruberrband up/down, the more
the better chance of bounce
[10:43 am]
jsn13 : ok….
[10:45 am] Ed : Not
saying Im always right, but u have to have
rules that u stick too
[10:47 am]
jsn13 : i have rules, but not very
effective it seems on the trade selection
part.
[10:48 am] jsn13 : i’m still
not able to get the 80% winners…
[10:50
am] jsn13 : so i’m trying to find out
what i miss….
[10:51 am] Ed : u can
always go back and just trade 1 type of
strategy, as ur consistency develops move to
the next 1
[10:55 am] jsn13 : i’m
focsuign on juz v pattern
reversals.
[10:55 am] jsn13 :
*focusing
[10:56 am] victor51 : Ed,
Do you think one needs 2-3 strategy depending
what market gives. Am market is different
than late market.
[10:57 am] jsn13 :
i’m making sandwich money, but not able to
get that 80% winners…
[10:57 am]
jsn13 : victor, r u free after market
closes?
[10:58 am] rusty : not sure
Mitch would approve of that kind of
solicitation
[10:58 am] rusty : just
saying
[10:58 am] rusty : he’s
prudish you now
[10:59 am] Ed : Right the
more strategies you have, the more
opportunities will be available. But its
still best to master 1 then move to the next
and so on. Some just trade 1 strategy and do
very well. Just know that at times you will
be sitting on hands for whole day, not bad or
good
[10:59 am] rusty : TLT getting
antsy ahead of fed
[10:59 am] Ed : just
how it is
[11:00 am] eddy : in how
long bernake?
[11:01 am] eddy : just
checked ………minutes away
[11:01 am]
victor51 : Ed, I need to learn sit
tight when things are not moving.
[11:01
am] Ed : the most difficult but will save u a
ton of money
[11:03 am] jsn13 : i
have no problem with that if the setup can
gives high percentage wins. no point trying
to trade the low to medium probabilty
trades.
[11:03 am] victor51 : Ed,
you mean get real goodfew trades and don’t
tale many smaller potential trades
[11:03
am] Ed : correct
[11:06 am] jsn13 :
ed, later when u have time can u show us some
real good setups from today’s trades? and
contrast it with some lousy ones? maybe i can
spot a pattern that i missed. thanks alot.
i’m really interested to take my trading to
the next level.
[11:07 am] Ed : what
happens the more time ur in market, u can
become less effective due to fatigue, errors,
many different issues. U also began go give
away undoe money in form of commisisions.
What Im saying is u dont have to have 50
trades per day, many are successful avg. 10
and fewer per day
[11:08 am]
victor51 : Yes, i will be here after
mkt
[11:09 am] jsn13 : agree….but
we need to have the rules that can screen out
the 10 out of 50 potential good ones. now i’m
just trading 5-10 trades.
[11:09 am]
jsn13 : ok victor i would liek to chat
with u after hours today. want to learn from
u on the exits espeically. thank u in
advance.
[11:09 am] victor51 :
Jason, How many trades’day. I have cut back
to 8 with some fav. results
[11:10 am]
rusty : 5 Minute to FED ALERT
[11:10
am] jsn13 : today i have only 4 trades.
up slightly.
[11:11 am] jsn13 : 2/2
traded GG twice, TWX and GRMN.
[11:11 am]
victor51 : RATE moving up After short,
I am in Long at 17.11 with trailing
stop
[11:11 am] jsn13 : as in
2/4
[11:12 am] jsn13 : victor, what
time is ur entry? on RATE long.
[11:12 am]
rusty : 3 Minutes to FED –
ALERT
[11:13 am] rusty : TLT all
over the place
[11:14 am] rusty : NO
CHANGE
[11:15 am] rusty : NUS
lod
[11:15 am] rusty :
amazing
[11:15 am] rusty :
move
[11:16 am] victor51 : Jason
1045
[11:16 am] rusty : DLTR sub
50
[11:17 am] rusty : has been
support recently
[11:18 am] jsn13 :
thanks victor. may i know the reason u
enter?
[11:24 am] rusty : SVU radar
based on daily chart
[11:25 am]
khall : huh, just got notification from
IB that trades between 9:30 and 10:15 est are
under review by the exchanges and may result
in trade cancellations and/or
adjustments.
[11:27 am] serge :
Thanks for the great day all
[11:27 am]
serge : laters
[11:27 am] Ed : later
serge
[11:27 am] qwert : cya
serge
[11:28 am] rusty : TLT trading
great
[11:28 am] rusty : up and
down
[11:28 am] Ed : bring on th fed day,
trade
[11:33 am] qwert : monitoring
soda
[11:35 am] rusty : FRAN swing
coming to papa finally
[11:42 am]
rusty : NAVB back near day
highs
[11:47 am] qwert : Ed did you
trade soda short?
[11:48 am] Ed : no
missed it nice short though
[11:48 am]
qwert : I passed was waiting for a push
to 43 area
[11:48 am] qwert :
certainly would have been worth a look at
40.15 with 10 cent stop though
[11:51 am]
Ed : yep
[11:55 am] rusty :
http://www.hark.com/clips/gvkmhgbgcf-turn-tho
se-machines-back-on
[12:00 pm] rusty
: ALERT
[12:00 pm] rusty :
ALERT
[12:00 pm] rusty :
http://markets.nyx.com/nyse/trader-updates/vi
ew/11183
[12:00 pm] rusty : TRADE
CANCELS
[12:01 pm] Ed : thx
rusty
[12:02 pm] rusty :
ty
[12:05 pm] joeytsa : quick hi,
hope everyones trading is going
well
[12:07 pm] qwert : Going good
Joey no trading today?
[12:08 pm]
joeytsa : took the day off, but looking
right now 🙂
[12:08 pm] rusty : OSG
radar
[12:08 pm] qwert : Hard to
stay away from all the fun!!
[12:09 pm]
joeytsa : yeah, having fun with the
horses though 🙂
[12:09 pm] qwert :
Thats cool
[12:09 pm] joeytsa : pays
the bills
[12:09 pm] qwert : even
better
[12:10 pm] joeytsa : yeah, 6
races left..dont want to give much
back..setting my stops tight haha
[12:11
pm] qwert : thx rusty for OSG
[12:11
pm] joeytsa : REGN trying to hold
$134
[12:11 pm] rusty : ty
[12:14
pm] joeytsa : FIRE down about $1 past
few minutes
[12:14 pm] joeytsa :
trying to hold $42.50 area from
earlier
[12:17 pm] gregs : LVLT also
down hard
[12:17 pm] joeytsa : thx
greg
[12:19 pm] rusty : SYNC
lod
[12:20 pm] rusty : back to
200dma
[12:20 pm] rusty :
almost
[12:23 pm] rusty : if anyone
here traded any of the cancelled stocks
sugest you make sure you are not long or
short because one side of the trade was
cancelled
[12:28 pm] joeytsa : ES
ran 4pts past 10 minutes
[12:31 pm]
victor51 : jason, I had short on
RATE this morning and it driblled down and go
t 2% after 1 hour. That was the only reason
to go around 11:00 am and was lucky to get 4%
ride going up. I am out at 17.83.
FYI
[12:31 pm] joeytsa : tighten
REGN if you took it long @ $134
[12:31 pm]
qwert : Thx for fire gregs
[12:31
pm] rusty : SVU doji ing
[12:32 pm]
rusty : Depending on broken trades,
Knight could face a loss up to $300M –
source
[12:33 pm] Ed : ouch
[12:33 pm]
joeytsa : i missed what happened with
knight
[12:34 pm] rusty : NITE algos
went wild
[12:34 pm] joeytsa : ahhh,
thanks
[12:34 pm] rusty : lotta
crazy moves this am up and down
[12:34 pm]
rusty : look at WZE, CO for
examples
[12:35 pm] joeytsa :
thanks, dont usually look at those
ones
[12:35 pm] joeytsa : but crazy
moves
[12:35 pm] rusty : 140+ stocks
affected
[12:36 pm] joeytsa : gotta
love technology
[12:36 pm] rusty :
including some mega caps
[12:36 pm]
rusty : CL for example
[12:38 pm]
eddy : something is wrong with the
market again i feel
[12:38 pm] eddy
: it is going bananaS
[12:39 pm]
joeytsa : ES back down those 4pts from
earlier
[12:40 pm] rusty : NITEmare
Eddy?
[12:40 pm] Ed : 1 way to put
it
[12:40 pm] rusty :
http://online.wsj.com/article/SB1000087239639
0444130304577561242527014990.html
[12:40
pm] rusty : FB
[12:40 pm] eddy
: BIG TIME
[12:41 pm] joeytsa : what
do you see eddy?
[12:41 pm] rusty :
Today not the first time this has
happened…becoming more frequent
[12:42
pm] joeytsa : futures look fairly
normal
[12:42 pm] rusty : we had the
flash crash, BATS ipo, facebook most
noticeably
[12:42 pm] rusty : and a
lot of smaller crashes and problems
[12:42
pm] eddy : uvxy acting nt
right
[12:43 pm] joeytsa : looks
like its normal 40-50cent adr
[12:43 pm]
rusty : VIX -3.3% UVXY –
.5.5%
[12:45 pm] rusty : UVXY should
be down more
[12:45 pm] rusty :
?
[12:45 pm] joeytsa : is UVXY the
2x?
[12:45 pm] rusty : yes
[12:45
pm] aussie123 : Joey …the /ES dove 5
1/2 points on a 1 min candle when Benanke
came on…11.13 am
[12:46 pm]
joeytsa : seems close enough i
guess?
[12:46 pm] rusty : UVXY
relatively strong today, lol
[12:46 pm]
joeytsa : i see that aussie..thats
normal’
[12:46 pm] eddy : dropping
with spy…not normol it works opposite to
spy
[12:46 pm] rusty : eddy you
feeling the vix is not acting
right?
[12:46 pm] joeytsa : makes
big moves on lots of reports
[12:47 pm]
eddy : it is not reacting to spy as it
does normally
[12:47 pm] aussie123 :
what do you do…stand aside try to catch the
bounce???
[12:47 pm] rusty : if a
lot of these trades are broken, maybe NITE
losses gonna be less
[12:47 pm] eddy
: im so in it
[12:48 pm] rusty :
hearya
[12:48 pm] eddy : something
is nt right
[12:48 pm] rusty : maybe
your position talkin
[12:48 pm]
joeytsa : aussie: i try to avoid most
positions when reports come out
[12:48 pm]
joeytsa : unless i get a clear ” tell
“
[12:48 pm] rusty : my guess is
your probably feeling the VIX down
move
[12:48 pm] rusty : 3.3% is a
lot for one day
[12:49 pm] aussie123
: the vxx decoupled more than once
todat
[12:49 pm] rusty : that is
basically flat to down
[12:49 pm]
eddy : maybe
[12:49 pm] eddy :
but dnt think so
[12:49 pm] rusty :
the VIX and its derivatives has been
manipulated more and more with the algos as
well
[12:50 pm] rusty : Hearing that
ZNGA has a new game, and if you win, you get
a GRPN coupon, which gives you a 20% discount
on FB stock.
[12:50 pm] joeytsa : i
have read a few etfs get like that
[12:50
pm] eddy : the s&p reversed to
red
[12:50 pm] eddy : uvxy batrely
moved
[12:50 pm] eddy : nt the right
normal pattern
[12:51 pm] rusty :
VIX -2% UVXY -5.69
[12:51 pm] eddy :
thats wat i fear
[12:51 pm] joeytsa
: FIRE has made 3-4 nice trades
[12:51 pm]
eddy : something is wrong with
vix#
[12:51 pm] eddy : distorted the
pattern
[12:52 pm] rusty : leveraged
etf’s only good if you are a good
timer….they used to offer some slack but
very little nowadays
[12:52 pm]
joeytsa : agreed
[12:52 pm]
joeytsa : i just avoid them
now
[12:53 pm] joeytsa : rather play
stocks that actually move
[12:53 pm]
eddy : spy ging down uvxy
consolidating
[12:53 pm] rusty :
RPRX coming to papa finally
[12:54 pm]
joeytsa : if you compare the past 2
hours of ES/UVXY..both made
triangles
[12:54 pm] rusty : VIX
-1.95% UVXY -5.42
[12:54 pm] rusty :
WBMD radar
[12:56 pm] rusty : UVXY
thereya go
[12:56 pm] rusty : should
come closer as it resets eod
[12:57 pm]
eddy : out uvxy
[12:57 pm]
eddy : red but less red
[12:57 pm]
eddy : im done
[12:57 pm]
rusty : VIX -.74 UVXY -3.7%
[12:57
pm] eddy : see ya guys
[12:57 pm] Ed
: c ya eddy
[12:58 pm] joeytsa : bye
eddy
[12:58 pm] joeytsa : TDC
spiking down
[12:58 pm] joeytsa :
too late for me though
[12:58 pm]
qwert : Good night everybody
awesome calls today
[12:58 pm] Ed : c ya
qwert
[12:58 pm] joeytsa : bye
qwert
[12:58 pm] rusty : thx and
good NITE all
[12:59 pm] rusty : pun
intended
[12:59 pm] joeytsa : be
good rusty,Ed
[12:59 pm] joeytsa :
see you all tomorrow
[12:59 pm]
qwert : wow that was a huge spike on
tdc
[12:59 pm] joeytsa :
earnings?
[12:59 pm] qwert : must
be
[01:00 pm] qwert : alright see ya
in the am
[01:02 pm] rusty : GMCR
halted
[01:07 pm] jsn13 : victor u
still here?
[01:10 pm] victor51 :
Thanks Ed, Rusty and all. See you
tomorrow.
[01:10 pm] jsn13 : victor,
can i shoot u an email later?
[01:28 pm]
victor51 : yes
[email protected]. Can you also
send me KHALL’s email on Ninja
trading
[01:29 pm] victor51 : Jason
ru there
[01:29 pm] jsn13 : i did
not chat with her about that…but i’m using
ninja trader….maybe i can help u if u
need….
[01:30 pm] jsn13 : besides
trading, u r working now?
[01:31 pm]
victor51 : No, I am semi retired after
working for a single corp. for 28 years. I
need to get to full speed on Ninja so I can
use Lightening system.
[01:32 pm]
jsn13 : okdo u have skype or msn that
we can chat there/
[01:34 pm] jsn13
: not sure about that mitch….
[01:35 pm]
victor51 : skypeme
vinoddesai1
[01:36 pm] jsn13 : juz
added u victor…
[01:44 pm]
victor51 : Thanks Jason
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