| (05:58 am) Mitch King:05:30 *(US) JULY
UNEMPLOYMENT RATE: 6.2% V 6.1%E –
Underemployment Rate: 12.2% v 12.1% prior –
Change in Household Employment: +131K v +407K
prior – Civilian labor force Participation:
62.9% v 62.8% prior – Number of unemployed:
9.67M v 9.47M prior – Labor force: 156.0M v
155.8M prior – Source TradeTheNews.com
(05:57 am) Mitch King:05:30 *(US) JULY CHANGE
IN NONFARM PAYROLLS: +209K V +230KE (6th
consecutive month above 200K) ; CHANGE IN
PRIVATE PAYROLLS: +198K V +227KE – Change in
Manufacturing Payrolls: +28K v +15Ke –
Two-month Net Revision: +15K v +29K prior –
Birth-Death Adjustment: +80K v +121K prior –
Source TradeTheNews.com
(06:03 am) Mitch King:Premarket UP: BYI,
SGMS, LNKD, AWI, EXPE Premarket DOWN: FNHC,
MVNR, ATHL, MT, GPRO, HIL, PXLW, WWWW
WATCHING: PG, HLT, BYI, TSLA, LNKD, LVS,
WYNN
(06:27 am) Mitch King:LOCO going to be good
trading stock again today both ways
(06:31 am) Mitch King:LOCO strong on the
bullish side
(06:31 am) Mitch King:watching MDVN for
trades both ways
(06:32 am) Mitch King:CTRX breaking out on
daily and 1 min chart
(06:35 am) Mitch King:MDVN toppy for possible
short
(06:35 am) Mitch King:watching LLL today
after yesterdays big drop
(06:38 am) Mitch King:if short MDVN, little
more downside, maybe 76 area, be flexible
(06:40 am) Mitch King:FLR trending up,
expecting more upside move
(06:41 am) Mitch King:homebuilders rebounding
from yesterday, more upside
(06:43 am) Mitch King:QIHU trending up,
monitoring
(06:43 am) Mitch King:YELP moving up, more
upside likely
(06:46 am) Mitch King:AMSG 2nd bottom, could
have small bounce
(06:49 am) JoeyTSA :eye on GPRO
(06:49 am) Qwert :monitoring SYNA
(06:53 am) Mitch King:LNKD moving
(06:55 am) Mitch King:06:55 *(US) JULY FINAL
UNIVERSITY OF MICHIGAN CONFIDENCE: 81.8 V
81.8E – Current conditions: ## v 97.1 prelim
– Expectations: ## v 71.1 Prelim – Source
TradeTheNews.com
(07:00 am) Mitch King:07:00 *(US) JULY ISM
MANUFACTURING: 57.1 V 56.0E; PRICES PAID: V
58.0E Sub Indices: – New Orders Index: ## v
58.9 prior – Production index: ## v 60.0
prior – Employment Index: ## v 52.8 prior –
Inventories ## v 53.0 prior – Source
TradeTheNews.com
(07:00 am) Mitch King:07:00 *(US) JUN
CONSTRUCTION SPENDING M/M: -1.8% V 0.5%E –
Prior MoM revised XXX from % to % – No
revisions – Source TradeTheNews.com
(07:01 am) Mitch King:LOCO should bounce
(07:04 am) Mitch King:MPC trending up
(07:04 am) Mitch King:consider reducing some
LOCO here, then watch for new high
(07:05 am) Qwert :covered some SYNA
(07:09 am) Mitch King:X steady uptrend
(07:09 am) Qwert :monitoring SPR
(07:10 am) Qwert :covered more SYNA
(07:10 am) Mitch King:IMPV dropping, double
top, still viable short
(07:13 am) Mitch King:trying long ES here
1927
(07:14 am) Mitch King:looking for bounce in
ES futures here 1925
(07:15 am) Mitch King:LOCO bounces should be
lower than prev highs, downtrend probably
starting
(07:19 am) Murano :watching INSY
(07:57 am) Qwert :starting to monitor DATA
(07:58 am) Mitch King:maybe 3 pts to 1926
(07:58 am) Mitch King:watchig /ES for bounce
(08:03 am) Mitch King:watching LOCO for
bottom
(08:09 am) Mitch King:was just going to post
hit new low today on /ES, thx jo
(08:09 am) JoeyTSA :/ES into 1920 area
(08:13 am) Mitch King:watching LOCO for
bounce soon
(09:43 am) Qwert :just monitoring CHTR
(10:29 am) Mitch King:getting more bullish on
/ES
(10:41 am) Murano :monitoring FEIC
approaching R1
(10:48 am) Murano :monitoring RMD
(10:59 am) Murano :monitoring TROX
(11:36 am) JoeyTSA :eye on GPRE
(11:41 am) Murano :monitorig PXD
(11:42 am) Mitch King:CXO spike
(12:01 pm) Murano :monitoring BGC
(12:03 pm) Mitch King:12:01 [BGC] Discloses
formal SEC probe – quarterly filing – Source
TradeTheNews.com
(12:25 pm) Murano :TKMR setting up for a
short if you can find shares
| (05:38 am) Murano :good morning
(05:38 am) Qwert :Good morning
(06:04 am) Qwert :thx mitch
(06:05 am) Mitch King:this report pretty much
turned the futures market from sharply down
to slightly positive for nasdaq, Dow30
(06:09 am) Murano :SGMS buying BYI
(06:12 am) skydiver :8 ipo’s today – SRVA
TBRA FCB LOXO ZSAN MBLY VTTI EARS
(06:12 am) skydiver :gm all
(06:17 am) JoeyTSA :good morning everyone
(06:17 am) Mitch King:LOCO should be bullish
again today
(06:18 am) skydiver :LOCO ? okay – thanks
Mitch
(06:20 am) Mitch King:id be reluctant to
trade ipos on long side today after
yesterdays correction
(06:21 am) skydiver :gotcha Mitch
(06:30 am) skydiver :TSLA
(06:33 am) skydiver :3/4 out of TSLA long
(06:39 am) skydiver :all out of LOCO long
(06:39 am) skydiver :thnx for LOCO Mitch
(06:42 am) skydiver :ipo – VTTI – open
(06:43 am) Mitch King:good LOCO trade sky,
good job
(06:44 am) Mitch King:not good short on LOCO
yet, need parabolic rise, blowoff top
(06:44 am) skydiver :ok
(06:44 am) skydiver :thanks
(06:51 am) Qwert :darn missed good breakout
on CYH over 50
(06:56 am) Mitch King:set alerts, they pay
you huge dividends
(06:57 am) Qwert :i know i usually do
(06:57 am) Mitch King:the trading action on
LOCO is still very bullish, looking for drop
or consolidation to enter long smaller
position long
(06:57 am) skydiver :RRC take over chatter
(06:57 am) Mitch King:same with GPRO but
needs bigger drop than LOCO for good long
entry
(07:00 am) JoeyTSA :/ES gave 1930 a test
(07:00 am) JoeyTSA :thx Mich for info
(07:01 am) Mitch King:thx joey on ES, made
money from your comments yesterday
(07:01 am) JoeyTSA :/ES was nuts yesterday,
decent moves today so far too
(07:01 am) skydiver :short RRC 77.06
(07:02 am) skydiver :covered 3/4 RRC
(07:05 am) Mitch King:nice job sky on RRC
short
(07:06 am) Mitch King:try for low 76 on last
1/4
(07:06 am) skydiver :thnx
(07:06 am) skydiver :76? ok
(07:07 am) Mitch King:right, just an idea to
try
(07:08 am) skydiver :covered RRC 76.28
(07:11 am) Mitch King:that was a pretty one
on SYNA qwert, really nice
(07:11 am) Qwert ::)
(07:11 am) rd :nice call on syna Qwert.
Started my friday off right
(07:11 am) JoeyTSA :Qwert gets fortune
cookie
(07:11 am) skydiver :yeah – great job qwert
on SYNA – 2 forune cookies?
(07:11 am) Mitch King:he gave me his
yesterday, i posted that to you
(07:12 am) Mitch King:skydiver has Chinese
accent
(07:12 am) Qwert :hahaha
(07:12 am) skydiver ::)
(07:12 am) rd :give him the whole bag
(07:12 am) Mitch King:i wonder what your Rs
and Ls sound like if you are leaving out the
Ts
(07:12 am) Qwert :lol
(07:13 am) skydiver :and my 2n language
(kind of) is spanish with chinese accent 🙂
(07:14 am) Mitch King:lol, good one pastor
sky
(07:14 am) JoeyTSA :Mitch, they sound like
this….
(07:14 am) JoeyTSA
:https://www.youtube.com/watch?v=46WcFObgYhI
(07:14 am) JoeyTSA ::) back in 20 , great
calls
(07:16 am) skydiver :too funny joey – enjoy
the break
(07:18 am) Mitch King:yeah funny scene, i
remember that movie
(07:19 am) scalpman :LOve it!
(07:20 am) Qwert :thats awesome
(07:25 am) skydiver :ipo -LOXO
(07:25 am) skydiver :p[em
(07:25 am) skydiver :open
(07:25 am) skydiver :- can’t type
(07:29 am) Mitch King:you got to stop
drinking sky, bad for your image as pastor
(07:29 am) skydiver ::)
(07:29 am) skydiver :cutting back on grape
juice now 🙂
(07:29 am) Qwert :lol
(07:30 am) Mitch King:i hope your wife doesnt
accuse you of groping sky
(07:31 am) Mitch King:dang, we missed the
LOCO bottom
(07:31 am) skydiver :yeah – missed LOCO as
well
(07:32 am) skydiver :ipo – MBLY is open
(07:32 am) Mitch King:MBLY up 12 from ipo
price
(07:34 am) Mitch King:MBLY Israeli company,
makes cars? driverless car?
(07:34 am) skydiver :I think that’s right
Mitch
(07:35 am) Mitch King:if we can se MBLY
pullback to 37.25 would be good place to buy
long small shares
(07:35 am) Mitch King:decent spread, most of
the time
(07:36 am) skydiver :Using sophisticated
vision algorithms, Mobileye collision
avoidance technology is able to ‘interpret’ a
scene in real-time and provide drivers with
an immediate evaluation based on its
analysis. Automakers are now adopting this
technology into their rapidly expanding
safety feature applications known as Advanced
MBLY – Driver Assistance Systems (ADAS).
(07:41 am) Mitch King:you get that MBLY
bottom sky, i took my eye off it, too late
now
(07:41 am) skydiver :ATHN – take over
chatter
(07:41 am) skydiver :no – my computer
glitched up on my at the wrong time – screens
went blank just getting them up now slowly
(07:41 am) Mitch King:Achn
(07:41 am) Mitch King:not ATHN, ACHN is
correct
(07:42 am) Mitch King:your trading career
might be over soon sky
(07:42 am) skydiver :hope not 🙂
(07:42 am) Qwert :hahaha
(07:43 am) skydiver :argh -ever so often I
shrink one screen and then all the screens
disappear – then have to bring up each chart
one at a time
(07:43 am) skydiver :have to figure this
out
(07:43 am) JoeyTSA :thats no fun
(07:46 am) Qwert :is that in ninja sky?
(07:47 am) skydiver :seems to affect ninja
and esignal
(07:47 am) skydiver :I use esignal data feed
for both
(07:47 am) skydiver :okay – rebooted esignal
and Ninaj and now up again . . .
(07:47 am) JoeyTSA :do you mean when you
physically make the chart smaller or when you
click on the min/max buttons?
(07:48 am) Qwert :i have only had it happen
in ninja
(07:48 am) skydiver :right joey
(07:48 am) JoeyTSA :which one?
(07:48 am) skydiver :the little square to
reduce screen smaller
(07:48 am) Mitch King:sounds like a memory
resources problem
(07:48 am) JoeyTSA :oh ok
(07:49 am) Mitch King:o ok, explain what
happens again sky?
(07:49 am) Mitch King:when you minimize
screen from full screen to customizable size,
what happens?
(07:49 am) Mitch King:i dont have enough
monitor space to use full size charts per
monitor, im always on custom size
(07:49 am) skydiver :If I shrink down one
screen on a monitor then move that screen
when smaller everything disappears in esignal
and ninja — Lilghtspeed stays up
(07:49 am) skydiver :custome size — okay
(07:50 am) skydiver :will try .
(07:50 am) skydiver :thanks
(07:51 am) skydiver :okay – now to get my
head back into the game 🙂
(07:51 am) Mitch King:that sounds like video
card memory/resources
(07:51 am) Mitch King:for sure
(07:51 am) Qwert :thx for ACHN
(07:52 am) skydiver :glad you got it qwert
with my ATCN (wrong symbol) call – thanks for
correcting that Mitch 🙂
(07:53 am) Qwert ::)
(07:53 am) skydiver :lol – mistype ACHN
again 🙂 taking short break and getting
coffee 🙂
(07:53 am) Mitch King:sky, you better check
your glasses, need to get updated
prescription
(07:54 am) Qwert :hahahaha
(07:54 am) skydiver :funny – I’m getting new
glasses after closing today 😉
(07:54 am) Mitch King:unless you are having a
transient ichemic attack
(07:54 am) skydiver ::)
(08:14 am) Mitch King:we missed CYH bottom,
hmm
(08:14 am) Mitch King:long LOCO 38.41
(08:19 am) Mitch King:sold LOCO + 35 cents
(08:22 am) JoeyTSA :eye on this 1917 level
(08:22 am) JoeyTSA :if 1917 loses, 1910 is a
target
(08:23 am) Mitch King:dont say that, im long
ES, underwater slightly
(08:23 am) Mitch King:its struggling for
sure
(08:26 am) JoeyTSA :nice bounce there
(08:26 am) JoeyTSA :now see if 1920 can hold
as support
(08:26 am) Mitch King:yeah i closed on that
bounce, should get another bototm, money
trade
(08:27 am) Mitch King:prob quick dip under
and not llokng for new low, money trade i
call it
(08:29 am) Mitch King:see how LOCO did that,
drop,, small rebound, then smaller pullback
again for consolidationa nd it shoots out of
2nd bottom,? thats money trade going ong
(08:30 am) Mitch King:long
(08:30 am) JoeyTSA :gotya
(08:30 am) Qwert :nice setup on LOCO
(08:30 am) Mitch King:this bounce here on ES,
im thinking goes higher high than last little
bounces high
(08:30 am) Mitch King:yeah, i geeked out of
LOCO for 35 cents
(08:30 am) Mitch King:would be up over $1
now
(08:31 am) Mitch King:but not sure people
want to go long ES going into weekend, drums
beating on Portugal debt now
(08:31 am) Mitch King:fear of spreading
(08:31 am) Qwert :at least we know your human
happens to me to often
(08:31 am) Mitch King:what?
(08:31 am) Qwert :geek out of trade like
LOCO
(08:31 am) JoeyTSA :.35 x 1000 shares =$350
(08:32 am) Mitch King:yeah, still lto of fear
in mkt and LOCO is a high flying ipo, thats
why i geeked
(08:32 am) JoeyTSA :$35/day x 5 = $1750/week
or $91k/yr 🙂
(08:32 am) JoeyTSA :thats $350/day
(08:32 am) Qwert :i have certainly gotten
more patient over time tho
(08:33 am) Mitch King:come on now, bring me
1924-1925
(08:33 am) Mitch King:man es weak though,
(08:36 am) Mitch King:those restaurant stocks
been strong. reminds me of CMG, Chipotle.
LOCO reminds me of CMG i mean
(08:38 am) JoeyTSA :that was a nice /ES dbl
top for a short
(08:39 am) Mitch King:yeah plain as day huh
(08:39 am) Mitch King:i dont know why im
bottom fishing on ES in a downtrend
(08:39 am) Mitch King:on a Friday
(08:40 am) Mitch King:sort of like Dumb and
DUmber
(08:40 am) JoeyTSA :AMZN down $8 from hod
(08:40 am) JoeyTSA :NFLX down $10 from hod
(08:40 am) Mitch King:that LOCO getting a
mind of its own
(08:51 am) skydiver :hmc
(08:51 am) skydiver :sorry – wrong screen
(08:59 am) JoeyTSA :Mitch : 1910.25 printed
🙂
(08:59 am) Mitch King:should see a
countertrend bounce
(08:59 am) Mitch King:that LOCO good trading
stock today
(09:02 am) JoeyTSA :yeah, that bounce ended
up being a $2 move
(09:06 am) skydiver :ISDI – declares credit
event on Argentina credit default swaps
(09:19 am) skydiver :TSLA strong so far
(09:27 am) skydiver :shorted TSLA 231.68 –
hopefully will drop a bit
(09:27 am) skydiver :humm – too strong
pehaps
(09:29 am) skydiver :closed out TSLA short
for a whopping .04 proift —
(09:31 am) skydiver :should have boughten
TSLA on dip and gone long
(09:35 am) skydiver :MBLY – went long on
this one – made a few cents — didn’t post as
thought too much risk vs reward but made a
few cents on it
(09:35 am) Mitch King:looks bullish
considering down day
(09:35 am) Mitch King:in market
(09:35 am) skydiver :yes
(09:53 am) skydiver :ok – have to be gone
for awhile — have a meeting . . . been great
day so far 🙂
(09:55 am) Qwert :cya sky
(09:55 am) JoeyTSA :enjo sky, break time for
me too, back in an hour
(09:55 am) Qwert :enjoy joey
(10:25 am) Qwert :Hey everyone just want to
say thanks for all the prayers for my
daughter Today is Three Years Cancer Free.
!!!
(10:26 am) Murano :that is good to hear
Qwert
(10:26 am) Qwert :yes we are celebrating
tonight
(10:30 am) Mitch King:thats pretty cool
qwert
(10:30 am) Mitch King:god answers prayers
doesnt he
(10:30 am) Qwert :oh yeah and a lot went for
her
(10:32 am) Qwert :Shes doing really great to,
her thyroid meds are adjusted really good
now, back to the way she was prior to
getting the cancer
(10:34 am) Qwert :CHTR similar to the pattern
you were talking about earlier Mitch
(10:35 am) Mitch King:you mean money trade
setup>
(10:35 am) Qwert :yes
(10:35 am) Mitch King:this one is weaker
because it went lower than first low
(10:35 am) Mitch King:you wan t the second
bottom higher because it shows it is more
bullish in order to go long
(10:36 am) Qwert :right just by 4 cents tho,
so u dont take it then ?
(10:36 am) Mitch King:what the purpose of
this setup is to establish and confirm its a
bottom instead of bottom fishing for bottom
and taking big drawdown during that
(10:36 am) Mitch King:yeah, i didnt follow
CHTR closely, was on the ES rebound
(10:36 am) Mitch King:but good job, good eye
(10:37 am) Qwert :i traded it the first time
for about .80 cents avg.
(10:37 am) Mitch King:long?
(10:37 am) Qwert :yes
(10:38 am) Mitch King:you can short the top
of first bounce if you are really nimble and
on your game, A game
(10:38 am) Qwert :yeah by this time of day im
on my C game.
(10:38 am) Mitch King:thats only if there was
a long steady downtrend though
(10:38 am) Qwert :A game first 90 mins>
(10:39 am) Mitch King:no A game on Friday
late
(10:39 am) Qwert :usually getting mentally
tired by now
(10:44 am) Mitch King:come on qwert, lets
bring it on last 9 holes on Sunday afternoon,
you are in the leaders position, just bring
it on in
(10:45 am) Qwert :im trying mitch, been a
really good day for me no losers
(10:46 am) Qwert :pretty rare i have a pretty
good win rate but usually have at least 1-3
losers each day
(10:46 am) Mitch King:ok, maybe just coast
(10:47 am) Mitch King:finish on 100% win
rate
(10:47 am) Mitch King:it fires you up for
Monday
(10:47 am) Qwert :just waiting for the juicy
setup, like you were saying i think
yesterday like sharks waiting for blood
(10:47 am) Mitch King:breakout in /ES
(10:48 am) Mitch King:weak one
(10:51 am) Murano :reduce RMD if short
(10:52 am) Qwert :You get it Murano?
(10:52 am) Murano :yes
(10:53 am) Murano :only parial fill
(10:53 am) Murano :partial
(10:54 am) Qwert :nice
(10:54 am) Murano :covered all at 49.55
(11:03 am) Mitch King:/ES about to break
through another level on rebound
(11:03 am) Mitch King:this is unusual day
where big moves can occur both ways
(11:03 am) Mitch King:in indexes
(11:05 am) JoeyTSA :interesting da
(11:05 am) JoeyTSA :day
(11:05 am) JoeyTSA :TSLA still on a nice
move
(11:11 am) Murano :covered FEIC short not
working
(11:11 am) skydiver :Obama to speak in 20
minutes
(11:17 am) Murano :reduce TROX if short
(11:28 am) Murano :covered last 1/4 TROX
(11:31 am) Qwert :Going to go take my Ladies
out to lunch, cya all on Monday enjoy your
weekend
(11:32 am) Murano :see you Qwert have a
good weekend
(11:34 am) JoeyTSA :bye Qwert, have a great
weekend
(11:40 am) Mitch King:see you qwerty,
(11:40 am) Mitch King:celebrate life
(11:45 am) Mitch King:11:41 [PXD] Said to be
open to potential sale of Eagle Ford Shale
assets worth around $5B – financial press –
Source TradeTheNews.com
(11:45 am) Murano :reduce PXD if short I
missed the trade
(12:02 pm) JoeyTSA :calling it a week,
Thanks Mitch,Murano,Qwert.everyone…enjoy
your weekend
(12:02 pm) Mitch King:no news on BGC murano
(12:02 pm) Mitch King:not yet at least
(12:04 pm) Murano :see you Joey have a good
weekend
(12:04 pm) Murano :thanks for the info on BGC
Mitch
(12:05 pm) Murano :late Friday, bad news,
don’t expect it to bounce BGC
(12:23 pm) Mitch King:that news didnt give
much info, left peoples imagination wonder
how bad it could get, so it dropped and
stayed down for a while
(12:23 pm) Murano :got a nice bounce from BGC
I did not expect that
(12:24 pm) Mitch King:me neither. the rule
is those high volume spikes you go with the
trend
(12:24 pm) Mitch King:i think the drops are
more powerful
(12:35 pm) Murano :done for the day, have a
great weekend, see you Monday
(01:02 pm) Mitch King:see you guys Monday
(01:02 pm) Mitch King:bgc
(01:02 pm) Mitch King:sorry
|
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