[06:16 am] Kris : Good Morning Traders
[06:17 am] Kris : This morning I’m watching
SM, MOH, IPGP, PCS, REDF, SODA, DECK, JVA,
MPEL for possible longs
[06:17 am] Kris : VPRT, OXY, WPI, RSP, NDSN,
TXRH, BGC, IIVI, RIO, FRO and MT as possible
shorts
[06:27 am] Kris : 3 minutes. Let’s make some
money!
[06:29 am] Brent : good morning
[06:31 am] Kris : OXY short half position
[06:32 am] Kris : BGC short
[06:32 am] Kris : CHK short half position
[06:32 am] Kris : HLF long half position
[06:33 am] Kris : ADM short half position
[06:33 am] Kris : SM long over 85.00
[06:34 am] Kris : CMCSA short half
position
[06:34 am] Kris : RIG long half position
[06:35 am] Kris : long second half HLF
[06:36 am] Brent : watching TCK for a
bounce
[06:36 am] Kris : PAY long
[06:36 am] Kris : SOHU long half position
[06:36 am] Mitch K: watching FFIV for
short
[06:37 am] Kris : ATHN long half position
[06:37 am] Kris : OXY new lod, looking for a
move down
[06:38 am] Brent : consider reducing TCK
[06:38 am] Brent : watching PCS for a
bounce
[06:38 am] Kris : ATHN long second half
[06:38 am] Mitch K: watching COH for short
[06:39 am] Kris : watching LEAP for a long
[06:40 am] Brent : next target 49.25 area on
TCK
[06:40 am] Kris : HUM long half position
[06:40 am] Kris : SPY new hod[06:41 am] Kris
: BAX short half position
[06:41 am] Kris : out half RIG long
[06:42 am] Kris : looking for ADM to lose
29.00
[06:43 am] Kris : out half ATHN long
[06:43 am] Kris : would like to see PAY break
41.00
[06:43 am] Mitch K: consider covering COH,
looks stalled
[06:44 am] Kris : JVA long over 22.10
[06:44 am] Mitch K: on the FFIV chart
[06:44 am] Mitch K: that mark is an estimated
target price
[06:45 am] Kris : out half PAY long
[06:45 am] Kris : SM pushing hod[06:45 am]
Mitch K: consider covering FFIV and look for
2nd helping short later
[06:45 am] Mitch K: watching OIS for short
[06:46 am] Brent : consider reducing PCS,
next target 12.60 area
[06:47 am] Kris : out half HUM long
[06:47 am] Kris : SOHU consolidating, looking
for a push to new highs
[06:47 am] Mitch K: watching JVA for possible
short
[06:48 am] Mitch K: watching PPO for possible
short
[06:48 am] Mitch K: when we post stock ideas
does NOT mean it is ready to put on a trade
when we post. you watch and wait for a clear
signal
[06:49 am] Mitch K: CRM toppy
[06:50 am] Kris : CYH short half position
[06:50 am] Mitch K: IPGP turning over, late
to post]
[06:52 am] Kris : JWN short
[06:52 am] Kris : looking for new hod in HLF
soon
[06:53 am] Kris : BBT short half position
[06:53 am] Kris : JVA looking good guys,
let’s see if we can get a new hod push over
23.00
[06:53 am] Mitch K: watching OPEN for top,
toppy now
[06:54 am] Brent : MDAS alert
[06:54 am] Kris : out another 1/4 ATHN
long
[06:54 am] Kris : out another 1/4 HUM long
[06:54 am] Kris : watching MDAS for a
short
[06:55 am] Kris : MDAS resistance is at
13.40
[06:55 am] Mitch K: consider covering half of
OPEN
[06:55 am] Mitch K: MDAS going to be a good
one
[06:56 am] Kris : ATHN moving
[06:56 am] Kris : RIG pushing hod[06:56 am]
Kris : SPY holding up
[06:56 am] Mitch K: MedAssets price target
lowered to $13 from $15.50 at UBS UBS lowered
its price target on MedAssets following Q2
earnings citing lower than expected RCM
revenue, a slower than expected ramp of its
RCT consulting services, and poor execution
issues. Shares are Neutral rated.
[06:58 am] Brent : consider reducing some
MDAS here
[06:58 am] Brent : if you got MDAS short
[06:58 am] Brent : next target 12.75 area on
MDAS
[06:58 am] Kris : profit should have been
taken in ADM short. If you’re still short,
stop over 29.66 and see if we can get a move
down to the lod.
[07:00 am] Brent : tighten stop to protect
profits on MDAS
[07:00 am] Kris : come on SM, move your
ass
[07:00 am] Kris : JVA holding up, looking of
that break of 23.00
[07:00 am] Kris : RIG new hod[07:00 am] Kris
: SPY new hod[07:01 am] Kris : ATHN new
highs
[07:01 am] Kris : PAY long half
[07:02 am] Kris : CREE buyout rumor
[07:02 am] Kris : watching MTOR for a long
[07:03 am] Kris : WRC long half position
[07:04 am] Mitch K: DIN turning up
[07:05 am] Kris : looking for new low in
BBT
[07:05 am] Mitch K: looking for under 65 for
IPGP
[07:06 am] Kris : BAX short second half
[07:06 am] Kris : SOHU long second half
[07:06 am] Mitch K: PCS down 30%
[07:07 am] Kris : CMCSA short second half
here in this area
[07:07 am] Kris : looking for consolidation
and then a new low break in JWN
[07:08 am] Brent : I would just tighten your
stop on the remainder Derns[07:08 am] Kris :
come on JVA, ppppuuuuuusssssshhhhhhhhh[07:09
am] Brent : on MDAS, or reduce more and see
if it can get to the 12.75 area on MDAS
[07:09 am] Kris : watching LEAP for another
long
[07:12 am] Kris : BAX testing lod[07:12 am]
Mitch K: PCS moving up, probably more on the
upside
[07:12 am] Mitch K: watching for top in
AMED
[07:13 am] Kris : RIG pushing at highs
again
[07:14 am] Kris : SPY consolidating, trying
to hold support
[07:15 am] Kris : looking for 56.00 area on
WRC
[07:15 am] Kris : WRC moving up nicely
[07:16 am] Kris : GET ALERT
[07:16 am] Kris : watching GET for a long
[07:17 am] Kris : accelerating price GET
[07:17 am] Kris : no news yet on GET
[07:18 am] Kris : out half JWN short
[07:18 am] Kris : reducing CMCSA short to
half position here.
[07:18 am] Kris : should give a tradable
bounce
[07:20 am] Kris : out half SOHU long
[07:20 am] Kris : out half WRC long
[07:21 am] Kris : GET long half
[07:21 am] Kris : JVA still consolidating
[07:21 am] Kris : watching MTOR for a long
[07:21 am] Mitch K: watching AAWW
[07:22 am] Kris : out another 1/4 CMCSA
short
[07:23 am] Kris : looking for 27.79 first
target GET long
[07:23 am] Kris : out all JWN short
[07:24 am] Kris : SPY trying to bounce
[07:24 am] Kris : TEVA short half position
[07:26 am] Kris : BAX new low
[07:26 am] Kris : BBT testing lod, look for a
new low
[07:26 am] Kris : PH short half position
[07:27 am] Brent : JCP alert, good eye
mhaus[07:27 am] Kris : GET needs to GET soon
or I’m out
[07:28 am] Kris : CMCSA coming into lod[07:28
am] Kris : WRC trying to hold up, watch for
another leg up
[07:31 am] Kris : now it should get going
[07:31 am] Kris : out half GET long
[07:32 am] Kris : JCP ALERT
[07:32 am] Kris : lol[07:32 am] Kris : never
fails
[07:32 am] Mitch K: lost interest in MDAS
[07:34 am] Kris : out another 1/4 GET long
[07:35 am] Kris : LEAP long half position
[07:36 am] Kris : show us what you got
[07:36 am] Kris : time to accept your true
identity LEAP
[07:37 am] Kris : WRC new highs
[07:38 am] Kris : MTOR starting to look
interesting
[07:39 am] Kris : see if GET can make it over
27.80
[07:40 am] Kris : I’ll LEAP to it
rockstar[07:43 am] Brent : consider reducing
JCP if you go it short
[07:43 am] Kris : come on LEAP, you can do
it
[07:43 am] Kris : don’t make me sell my
shares to make you move
[07:43 am] Kris : I’m going to take 1/4 off
my long swing in FTNT here
[07:44 am] Kris : SPY breaking trend, moving
up, tight range day so far.
[07:46 am] Kris : HLF breaking out to new
highs
[07:47 am] Kris : email me aaron[07:47 am]
Kris : JWN breaking new lod[07:47 am] Kris :
patience matt
[07:48 am] Kris : out all GET long. Will
probably not GET short.
[07:49 am] Kris : OXY new lod[07:49 am] Mitch
K: I don’t care for MTOR chart yet
mhaus[07:50 am] Kris : out another 1/4 NBR
long
[07:50 am] Kris : out half LEAP
[07:51 am] Kris : TEVA short second half
[07:52 am] Kris : out all HLF long
[07:52 am] Mitch K: anyone short AMED
[07:53 am] Brent : $30.80 area next target on
JCP
[07:56 am] Kris : looking for new lod in TEVA
short
[07:56 am] Kris : out half PH short
[08:01 am] Kris : looking for a new lod break
in BBT
[08:01 am] Kris : out another 1/4 PH short
[08:01 am] Kris : out half TEVA short
[08:01 am] Mitch K: GET getting
interesting
[08:03 am] Kris : out all LEAP long
[08:03 am] Kris : out another 1/4 TEVA
short
[08:06 am] Kris : MTOR long small piece
[08:07 am] Kris : out all PH short
[08:07 am] Kris : out all TEVA short
[08:09 am] Kris : chalkboard
[08:09 am] Kris : I yell out symbols and
Brent slides across the chalkboard on a
ladder and writes them down.
[08:10 am] Kris : I have my positions window
with price but I hide my P&L[08:10
am] Kris : it’s linked with my charts
[08:10 am] Kris : so I can quickly cycle
through open positions
[08:11 am] Kris : good book if you ever get a
chance to read it
[08:11 am] Kris : that’s how jesse livermore
traded
[08:12 am] Kris : I have a half position
now
[08:12 am] Kris : long another small piece
MTOR
[08:12 am] Kris : will stop MTOR under
10.94
[08:15 am] Mitch K: GET probably going to
attempt a bounce eyes
[08:20 am] Brent : I’d reduce here ronfranc
on IPGP, at support
[08:28 am] Kris : out half MTOR long
[08:35 am] Mitch K: anyone close AAWW short
from earlier
[08:35 am] Mitch K: consider closing GET
long
[08:43 am] Mitch K: WLK is going to be a slow
slow mover, I’m passing on it at this price.
it’s just slow, dead, low activity
[08:49 am] Mitch K: reviewing GET, see how
the drops are 2 or 3 times bigger than the
bounces? It shouldn’t be surprising we got
another sharp drop on GET on this last
bounce
[08:53 am] Kris : out all MTOR long
[08:56 am] Mitch K: it is important that you
let a good setup develop for you and not to
“make it happen” now. A common mistake is
the thought that “I want to make money, I got
to make $1000 today…… oh here is a stock
idea, I think I’ll try it.” And those
thoughts control behavior, meaning, the mouse
starts clicking even though it isn’t a great
idea
[08:57 am] Mitch K: am i right or right?
[08:58 am] Mitch K: that is what discipline
is
[09:05 am] Mitch K: one of the reasons why I
think women do better initially as a new
student in trading is because they are not
over confident. Men tend to be overconfident
in the same way that we men tend to “not read
instructions first” when assembling
something. Then when we get stuck, the wife
comes over, grabs the instructions and starts
reading. am I right?
[09:06 am] Mitch K: and in trading, that’s
expensive
[09:21 am] Brent : SPY testing resistance
[09:45 am] Brent : SPY new lows
[09:48 am] Brent : nice trade ronfrac[10:18
am] Mitch K: watching MDAS for short again,
earlier one was 2 hours ago
[10:25 am] Mitch K: this must be scalp of the
day here on the short side AAWW
[10:28 am] Mitch K: watching GET for short
[10:57 am] Mitch K: GET turning over
[10:58 am] Mitch K: VPRT turning over
[11:08 am] Brent : SPY trying to bounce off
support on daily
[11:16 am] Brent : Hi shenig, welcome to the
room. Currently you see Mitch’s chart on the
screen. He is using a 6 and 20 sma[11:17 am]
Brent : His stochastics on this chart are
%K=8, %K smooth =7, and %D=6
[11:18 am] Brent : we continue to scan
throughout the day but most of the action
happens in the first two hours of trading
[11:28 am] Mitch K: hey you guys, I’m going
fishing in Alaska next week, probably won’t
be logged on much, mostly catching fish
flyfishing for salmon
[11:49 am] Brent : have a good night eyes
[12:02 pm] Mitch K: here is a tiny short in
GMCR but not great idea, just dont like this
time of day
[12:10 pm] Brent : have a good night
lisa[12:22 pm] Mitch K: The market trend is
looking quite negative considering the
reaction to the debt deal is negative. It
may be the compromised numbers or that the
market is refocusing on another negative
subject like high unemployment in USA,
European problems, and negative political
environment
[12:25 pm] Mitch K: For a while it looked
like all the public wanted is the debt
ceiling raised but after the approval by
House, Senate and Obama, the details were
underwhelming and hope for a better America
may be diminished after seeing politicians
can’t get out of their own way
[12:30 pm] Mitch K: new low of day on SPY
[12:43 pm] Mitch K: new low
[12:53 pm] Brent : have a good night apple
[12:53 pm] Brent : take care rd[12:59 pm]
Brent : have a great night everyone, see you
in the morning
[12:59 pm] Kris : have a good night everyone.
see you tomorrow. 8-2-2011
|
[06:27 am] mhaus : Mitch, with the debt
agreement signed off by Congress, how do you
think the markets will react?
[06:31 am] guitarzan1 -: oxy
[06:32 am] staz : L MCP 65
[06:42 am] mhaus : WLK
[06:44 am] sfarrill : DECK
[06:44 am] mhaus : PPO
[06:48 am] mhaus : DVA possible short
[06:50 am] apple : L DECK 102.01
[06:52 am] Mitch K: good eye on DVA
mhaus[06:53 am] mhaus : watching ACTG
[06:54 am] mhaus : MDAS
[06:57 am] mhaus : CREE hod[06:57 am]
arkadiy : adm – what is the stop on this
one?
[07:01 am] rizvisy1 : PCS
[07:01 am] lorie : spy new hod[07:02 am]
apple : ACTG
[07:03 am] candelas : pcs selling hard
[07:04 am] mhaus : CVLT
[07:04 am] doji : PCS is not moving, any
idea?
[07:04 am] candelas : halted maybe
[07:06 am] candelas : pcs halt circuit
breaker
[07:07 am] mhaus : AMED
[07:07 am] derns : Brent…you still like
MDAS for short…I have not covered all of
it.
[07:09 am] mhaus : CTSH possible short
[07:09 am] candelas : re opened PCS
[07:10 am] rosenberg : what is the setups
for MACD, I have set them up like the screen
but we don´t have the same pattern
[07:10 am] doji : PCS trading again, any
idea how we should trade it?
[07:17 am] shenig : where can I see GET
[07:17 am] eyes-inthenow : Short SNCR 35.03
out 34.02
[09:15 am] Brent : [07:21 am] Kris : GET long
half
[07:26 am] ronfrac : leap bottoming
[07:26 am] mhaus : JCP
[07:26 am] apple : TEVA
[07:32 am] rizvisy1 : Thats good one Kris
[07:32 am] rizvisy1 : on GET
[07:32 am] rizvisy1 : LOL
[07:33 am] rizvisy1 : I agree,I am
looking
[07:33 am] mbear : Kris – thanks for
sacrificing half your GET shares fro the rest
of us
[07:33 am] anthonyb : I’m developing a new
momentum indicator. I will call it “The
Kris”
[07:34 am] mbear : way to take one for the
team…
[07:34 am] Kris : my pleasure… cough
cough[07:34 am] candelas : it will take off
now
[07:34 am] anthonyb : lol[07:40 am] rockstar
: very good…now you are GETing it
[07:40 am] rockstar : ok I’ve been good..but
it’s time to GET your MTOR running Kris
[07:40 am] leo : LOL
[07:41 am] mhaus : IPGP
[07:41 am] Kris : lol[07:44 am] rockstar :
Kris you have to have a LEAP of faith
[07:44 am] rizvisy1 : it need KRIS momentum
kick
[07:46 am] mhaus : Mitch, what should be the
target entry for MTOR?
[07:46 am] eyes-inthenow : Kris will you
send me the settings for Etrade Scanner
[07:47 am] lightning : MTOR looks like it
has put in a bottom
[07:47 am] eyes-inthenow : Will Do Thanks
[07:48 am] guitarzan1 -: happy with my entry
on mtor! $10.72 🙂
[07:49 am] mhaus : Thanks Mitch
[07:49 am] mbear : thanks for GET Kris
[07:49 am] Kris : what year did you enter at
that price guitarzan?
[07:49 am] Kris : I would be too
guitarzan[07:49 am] mhaus : When did you
enter at 10.72?
[07:50 am] Kris : 😉
[07:50 am] guitarzan1 -: oops…. i should’ve
said LEAP
[07:50 am] doji : He is seeing the future,
in the next minutes
[07:51 am] Brent : It’s the new “name your
Price” platform from Etrade[07:52 am]
rockstar : PPO S 66.78 out half 65.21
[07:52 am] mhaus : EW finally moving in the
right direction
[07:52 am] apple : good job rockstar[07:53
am] rockstar : TY apple
[07:53 am] mbear : I am Mitch �” AMED
[07:53 am] rockstar : stop bal of PPO at
65.7
[07:54 am] vans : jcp thanks guys
[07:54 am] ronfrac : I’m sht AMED 23.28
[07:54 am] mbear : S AMED 23.50 looking to
cover at 22.55
[07:56 am] mhaus : SPY giving up
[07:57 am] vans : didn’t see the get short
coming
[07:57 am] Mitch K: i would wait longer mbear
on AMED, could be a dumper back to 22 area
[07:57 am] Mitch K: don’t get fixed on a
target price, watch that chart
[07:57 am] mbear : thanks Mitch – will do
[07:58 am] ronfrac : Mitch: Where’s AMED
bottom?
[07:58 am] anthonyb : That’s the best advice
Mitch if i could ever learn to follow it
[07:59 am] ronfrac : Covered PPO short
@66.72 @65.21
[07:59 am] mbear : Mitch – AMED went from 20
to 24 – so the chart would tell us that a 50%
retracement to 22 is likely – is that what
you mean?
[07:59 am] lorie : spy continues to slide
[07:59 am] apple : great job ron[07:59 am]
anthonyb : is anyone short AKAM with me?
[08:00 am] rosenberg : leap is moving
[08:00 am] monster : GET again?
[08:00 am] Mitch K: you can learn anything
anthonyb[08:00 am] Mitch K: thanks
rosen[08:01 am] anthonyb : actually Mitch I
am getting better. I have reduced my size
alot and this helps.
[08:02 am] ronfrac : TOS refused my GET
order. Never got in
[08:04 am] Mitch K: reducing your size only
reduces your emotions, which i think has been
your problem anthonyb. you sound like you
should be on virtual trading platform for
awhile first, maybe 6 weeks of good stats
first before using real hard earned money
[08:04 am] mbear : MCP
[08:05 am] Mitch K: this will not only save
you from losing much but profits will be more
consistent and the 6 weeks, which seems like
eternity, will be good investment of time
[08:05 am] doji : What is a reasonable entry
price for GET, 26.0?
[08:05 am] costrem : GET
[08:06 am] rockstar : time for LEAP to get
going 🙂
[08:06 am] doji : Jumped too quick
[08:08 am] ronfrac : Kris: How do you keep
track of all these positions?
[08:09 am] Mitch K: consider covering AMED
[08:09 am] anthonyb : Ok Mitch, I will
manage this last live trade Short Akam @
23.53. And starting tomorrow, I will log on
to my SIM trade account for the next six
weeks. I have been profitable for 6 of the
last 7 days, but my exits need a lot of fine
tuning.
[08:10 am] rusty : lol Kris sounds like an
old movie
[08:10 am] ronfrac : Ahh. The good old days.
Does he have an eye shade?
[08:10 am] Mitch K: anyone just cover AMED,
mbear, ronfrac[08:11 am] costrem : GET
dipping
[08:12 am] ronfrac : Out all AMED short
@22.47 vs 23.28 short 3.6%
[08:12 am] doji : SPX dipping
[08:13 am] mbear : LO
[08:13 am] eyes-inthenow : Mking what are
your thoughts on Get Now
[08:43 am] mhaus : Yes, it is near the low
of 49.01
[08:15 am] mbear : POT double bottom
[08:15 am] ronfrac : I’m short [email protected].
Any ideas. It’s slipping
[08:16 am] doji : MTOR
[08:18 am] rusty : PCS defended by analyst
here
[08:18 am] mhaus : UNT
[08:19 am] mbear : out all AMED short –
awesome call Mitch
[08:26 am] Mitch K: who bot GET
[08:26 am] costrem : got GET
[08:27 am] guitarzan1 -: guys, I think I’m
with anthonyb… emotions got in the way
today…. broke rules, lost $$$ as of
tomorrow, i will be paper trading as well.
[08:28 am] anthonyb : OK guys, I’m done for
the day. Hope everyone has a great afternoon.
I will see you all tomorrow. And thanks for
the advice Mitch. I will take the next 6
weeks and work on my discipline.
[08:28 am] anthonyb : I’m just really
sloppy
[08:28 am] anthonyb : Heck, I am making
money and switching to virtual.
[08:29 am] qwert : watching GT for break
below 15.50
[08:29 am] guitarzan1 -: I’m about 70% on
making $. see you tomorrow everyone.
[08:29 am] anthonyb : I want to get it right
before I start trading my big account
again
[08:30 am] mhaus : UHS
[08:31 am] rth7325 : watching scco[08:33 am]
rockstar : out 2/3rds PPO S @ 64.6..
Trailing stop at 64.85
[08:34 am] mhaus : OIS hod[08:37 am]
rockstar : stopped 64.78 on PPO
[08:38 am] mhaus : WLK going down
[08:38 am] derns : Mitch…can you offer
speculation on the market reaction to the
Senate vote…suppose to happen in 20 minutes
or so.
[08:40 am] apple : HLF hod[08:41 am] mhaus
: Mitch, what do you think of WLK?
[08:42 am] Mitch K: you brought WLK up
earlier mhaus, right? you are coming up with
the right stock ideas.
[08:43 am] sonic : Kris what is your target
on CHK
[08:43 am] mhaus : Yes, it is near the low
of 49.01
[08:44 am] mhaus : Ok. Thx
[08:49 am] Mitch K: mahus, WLK is the right
shape of the chart, i mean the right chart
pattern but such little volume
[08:49 am] mhaus : Yes, that’s why i wanted
your opinion
[08:49 am] eyes-inthenow : FEED ALERT low
priced stock
[08:50 am] apple : thx MK
[08:54 am] mbear : POT
[08:56 am] mhaus : SM hod[08:57 am] qwert :
you are right on
[08:57 am] mhaus : Yes, I learnt that the
hard way
[08:57 am] mbear : on the money
[08:57 am] apple : you are the Man!
[08:57 am] apple : lol, so true MK, so
true!
[08:58 am] scalpman : Right on, Mitch!
[08:58 am] mhaus : Now I just concentrate on
the charts
[08:59 am] skydiver : Yes Mitch — very
true
[09:02 am] skydiver : Thanks — need to be
reminded of “Discipline”.
[09:04 am] mhaus : Kris, I had sent you an
email yesterday.
[09:04 am] ronfrac : Mitch: Out ipgp @64.52
sht @ 66.06
[09:05 am] eyes-inthenow : Mking I have
noticed that you call a lot of calls after
they have moved almost a dollar of there low
how do we handle those I don’t get in because
it moved so much already
[09:06 am] mhaus : if the rolling pin does
not come first 😀
[09:07 am] Mitch K: give me stock example
EYES
[09:07 am] eyes-inthenow : ok let me look
[09:11 am] mhaus : Apple has placed an order
for 300 million parts for its iPhone 5
[09:12 am] eyes-inthenow : I was looking for
your post it doesn’t go back that far
[09:12 am] eyes-inthenow : Get long about
10.21 Eastern time
[09:12 am] ronfrac : Mitch: been
disconnected last 1/2 hr. Seems I got
executed on GET at 26.31. I’m down .20.
Cover?
[09:13 am] lorie : nice trade ron[09:14 am]
mando : Europe has closed , markets are
basing and we all wait for the idiots to
vote
[09:14 am] lisas : Stepped away. Just
catching up on MK lessons. All great in MK
“isms”
[09:15 am] ronfrac : Mitch: Re: Wife. She’s
and engineer but never reads instructions. I
do. However, she would be good at trading
because of her affinity for numbers and
spatial relations.
[09:15 am] Brent : GET was kris’s call
Eyes
[09:17 am] ronfrac : voting beginning
[09:19 am] ronfrac : leap trying
[09:21 am] stenobook895 : Mitch, for the
long fades, when we are looking for an entry
point–should both the 1-minute and 3-minute
stochastics be less than 20?
[09:26 am] Mitch K: what stock
stenobook[09:26 am] Mitch K: what is your
question EYES
[09:27 am] ronfrac : ipgp turning up
[09:30 am] ronfrac : ipgp better than
expected earns and better Q3 projections
[09:30 am] eyes-inthenow : at that time
isn’t that too big of a move to go long
[09:32 am] costrem : X dip
[09:34 am] ronfrac : Kris: As the Old
cowboys used to say GEt up
PLEASEEEEEEEEEEEEEEEEEEE
[09:34 am] leo : Has anybody problem with
NinjaTrader charting?
[09:35 am] mhaus : ronfrac, it seems to be
working
[09:37 am] vans : chrw and ci shorts worked
great, sorry no time to warn
[09:38 am] costrem : leo: had an issue a
couple days ago. shut down and re-started
and then it worked.
[09:39 am] mhaus : 61 Senators support debt
bill
[09:39 am] leo : Thnx Costrem, but my issue
is more serious. I contacted to support and
they are still trying.
[09:43 am] mhaus : GET moving
[09:43 am] doji : GET
[09:44 am] doji : I should have listened to
your prays ronfrac[09:45 am] mhaus : SCO
hod[09:45 am] lorie : new low spy
[09:46 am] ronfrac : GEt rocketing out all
26.75 Bot 26.31
[09:47 am] ronfrac : out get @ 26.75 in @
26.31
[09:51 am] doji : SPY sinking…
[09:53 am] ronfrac : thx Brent
[09:54 am] mhaus : they have enough votes to
pass
[09:54 am] doji : DId the senate approve the
debt-ceiling plan?
[09:55 am] vans : cmi alert
[09:55 am] jjammerp : yes it passed
[09:55 am] doji : So why the SPX is
tanking?
[09:56 am] staz : Probably because no real
fiscal reform
[09:56 am] jjammerp : sell the news
[09:57 am] staz : Yeah, it likes to do the
opposite of what most expect
[09:57 am] doji : What to expect?
[09:57 am] doji : This market makes no
sense, I went long on Friday but was killed
by the selloff on Monday!
[09:58 am] mhaus : The analysts were
expecting more cuts in the spending
[09:58 am] doji : Manipulation?
[09:59 am] staz : Who knows; that is why I
am here with Mitch and Team and mostly
daytrade; in and out
[09:59 am] staz : Otherwise they will take
your $
[09:59 am] jjammerp : when I have a bias, i
am learning to do the opposite or nothing at
all
[10:01 am] ronfrac : triple AAA rating still
ok
[10:03 am] stevemld : ANF
[10:05 am] doji : VPRT
[10:06 am] doji : Noooooooo…. even
worse!
[10:06 am] candelas : Obama to speak
[10:10 am] mhaus : GET going higher
[10:11 am] mhaus : OIS is better
[10:11 am] mhaus : no volume though
[10:11 am] mhaus : deck
[10:14 am] vans : sohu short
[10:21 am] costrem : GET still moving up
[10:22 am] mhaus : Mitch, MDAS is very slow
to move.
[10:23 am] mhaus : What about OIS or MLM?
[10:26 am] rusty : MRK Bigpharma worth
watching on daily
[10:26 am] rusty : also PPH
[10:27 am] rusty : possible swingtrades into
weakness
[10:27 am] apple : thx rusty
[10:36 am] mhaus : MHP
[10:41 am] mhaus : HNI
[10:45 am] rusty : rumors that LNKD
restricted shares being freed up early,
perhaps tomorrow, fwiw[10:49 am] rusty : TBT
radar
[10:49 am] rusty : and/or TLT
[10:55 am] stevemld : GET
[10:57 am] shenig : I’m now at live trading
room what is the conference room
[10:59 am] stevemld : ANF free falling
watching for reversal
[10:59 am] shenig : In the morning it was MA
20 and now MA 15 why
[11:00 am] mhaus : SINA and SPY falling
[11:03 am] mh : look at the vol on PCS is
this a swing trade
[11:03 am] doji : Shenig, I don’t understand
your question
[11:03 am] apple : 2:00 reversal
[11:04 am] duckfan : Steve, thanks for ANF,
great call
[11:05 am] costrem : ditto, thanks steve.
[11:06 am] stevemld : ur welcome df[11:06
am] shenig : doji: when I joined room the
announce was for the live trading room bat
for other I see conference room ir it the
same ?
[11:09 am] doji : This is the Live Trading
Room as far as I know, you have to stay
connected to follow the trades
[11:09 am] babak -: Steve, thanks for ANF,
nice call
[11:10 am] shenig : OK thanks I unchecked
the “show entrance notice”
[11:13 am] shenig : I’m new here, where can
I get more information on what is going
here, like the change of the parameters MA
and stochastic ?
[11:13 am] rusty : SPY first day completely
under the 200ma in long time
[11:14 am] Mitch K: good eye Rusty
[11:14 am] doji : I’ll guess you have to ask
the moderators (names on the upper window in
colors)
[11:15 am] babak -: ANF is a juicy
one…still squeezing
[11:16 am] shenig : moderators ?
[11:17 am] costrem : Go ANF!
[11:19 am] shenig : thanks Brent, where can
I get more info on when using what and the
exact criterion (if such) to enter and exit
position ?
[11:21 am] shenig : yes
[11:21 am] Brent : There are different
strategies being posted in this room. For
Kris’s, he posts when to enter. For Mitch’s,
do you have his Trade with the Pros DVD?
[11:22 am] shenig : there was MACD there but
not here
[11:22 am] mhaus : watching ASH
[11:22 am] Brent : It’s just not showing on
this chart shenig, but you can put it on your
chart
[11:23 am] stevemld : GET toppy again
[11:23 am] shenig : OK thanks, If there more
info it will be helpfukk[11:23 am] shenig :
helpfull[11:24 am] shenig : thanks
[11:24 am] shenig : sorry about the spelling
not very good in english[11:24 am] Kris :
lol[11:24 am] Kris : it’s ok shenig[11:24 am]
Kris : email me
[email protected]
[11:25 am] Kris : no eyes I did not. please
resend
[11:25 am] eyes-inthenow : Kris did you get
my email
[11:26 am] stevemld : reversed ANF
[11:26 am] shenig : yes got it, thanks
[11:26 am] apple : AAWW still going down
[11:28 am] qwert : have an awesome trip
Mitch
[11:28 am] mhaus : Have fun there!
[11:28 am] lisas : Pretty cool Mitch!
[11:28 am] eyes-inthenow : resent
[11:28 am] candelas : enjoy
[11:28 am] apple : MK, have a fabulous
time!
[11:29 am] ronfrac : Mitch: Good luck. I’m
eating my heart out.
[11:29 am] lisas : So, while Mitch is away,
the traders can play?
[11:30 am] Mitch K: flyfishing on bank in
about 2′ of water on creek with thousands of
fish. Wont take much finesse but teaching
the young one
[11:30 am] cowboyh : bring back some
photos
[11:32 am] rusty : SP is also in a rare
zone, almost completely below the lower
bollinger band
[11:32 am] Mitch K: we have 3 kids of our own
in college and then we adopted an 8 year old
from CHina 4 years ago. Kind of starting
over again, but feel like a grandpa with her,
lol[11:34 am] stevemld : GET
[11:35 am] rusty : Next week I will be
staying at the Playboy Mansion
[11:35 am] rusty : jeez am jealous now
[11:35 am] duckfan : Watching TNA, the ETF
not a reference to Rusty 🙂
[11:37 am] costrem : AAWW
[11:39 am] shenig : Kris did you get my
email ?
[11:39 am] rusty : and I wont be fishing for
salmon there
[11:41 am] ronfrac : What determines the
Stoc settings. The training discs show
14,3,3
[11:41 am] mhaus : SINA new lod[11:41 am]
eyes-inthenow : did you get it Kris
[11:42 am] Brent : It’s best to experiment
around with these settings ronfranc. This is
just the setting Mitch is currently using but
he switches around
[11:43 am] apple : TZOO
[11:45 am] stevemld : out half ANF S last
target 70.35
[11:45 am] Kris : yes I got your emails
[11:45 am] Kris : I’ll email you back after
the close
[11:48 am] rusty : probably a good time to
start making a buy wish list in case we get a
panic flush
[11:51 am] apple : TEVA lod[12:05 pm]
stevemld : SNCR trying to turn
[12:07 pm] rusty : Might be good short
tomorrow
[12:07 pm] rusty : Coffee stocks perked up
today
[12:07 pm] costrem : PCS bouncing a
little
[12:09 pm] rusty : JAMN penny coffee stock
big move today
[12:12 pm] stevemld : Apple thanks for TEVA
alert
[12:12 pm] apple : no problem, glad to
help
[12:13 pm] costrem : HOT
[12:14 pm] scalpman : 40c on GMCR
[12:14 pm] mhaus : HLF and SODA tanking
[12:14 pm] candelas : how did u do Leo?
[12:15 pm] Mitch K: you’re funny rusty, you
like penny stocks
[12:15 pm] mhaus : No more Startbucks for
rusty
[12:17 pm] papadoc : Mitch, where in Alaska
are you going? I have two sons who live in
Alaska.
[12:18 pm] costrem : YOKU
[12:20 pm] truck : papdoc,,,,,,,email me at
,[email protected]
[12:20 pm] candelas : Truck I meant to give
you Jims email
[12:21 pm] candelas : [email protected]
[12:22 pm] truck : thanks candelas
[12:22 pm] papadoc : will do later today
Truck
[12:22 pm] candelas : no problem
[12:22 pm] apple : thx MK
[12:23 pm] truck : thanks Papadoc[12:23 pm]
rusty : I like to short those penny stocks
after big moves
[12:23 pm] candelas : ur specialty Rusty
[12:25 pm] costrem : HOT
[12:25 pm] apple : there goes
S&P[12:30 pm] mhaus : SINA new lod
too
[12:30 pm] apple : SOHU lod[12:31 pm]
cowboyh : Mitch where do u think this is
going the next few days?
[12:33 pm] mhaus : PNRA, MCP
[12:33 pm] mhaus : Almost everything that I
am watching is falling
[12:33 pm] apple : IDCC lod[12:34 pm]
stevemld : looking for 35 SNCR but tight
stop
[12:34 pm] papadoc : Stock market does not
like Washington’s self serving dealings. All
major indexes are down. Do you think we will
have any panic selling in next few days or
weeks?
[12:34 pm] mhaus : Except for AGQ
[12:34 pm] apple : DECK lod[12:35 pm] mhaus
: Mitch, you think bargain hunters will bring
the market up tomorrow?
[12:35 pm] candelas : ouch mcp down 9%
[12:36 pm] candelas : true
[12:36 pm] apple : would have been a
tremendous short!
[12:37 pm] candelas : with all going on sure
there will be some form of QE3
[12:37 pm] candelas : probably what the
metals are telling us
[12:37 pm] apple : too late now, tho[12:38
pm] topdogrex : Mitch, what do think as
swing trade on GET ( short @ 27.80 )
[12:38 pm] ronfrac : slv tanking
[12:42 pm] doji : SPY tanking
[12:44 pm] topdogrex : yes, Mitch
[12:44 pm] Mitch K: topdog, you mean swing
trade short on GET, Gaylord?
[12:44 pm] mhaus : SPY new 3 month low
[12:45 pm] Mitch K: ok, here is the Daily
chart on GET, Gaylord Entertainment. You
have a stoke that went below $26 and broke
previous support of $28 around mid June
right.
[12:45 pm] candelas : got another wave of
buying in metals
[12:45 pm] apple : thx mhaus[12:46 pm] Mitch
K: GET currently at $27.45 and a nice bounce
off the low and we have had a high volume of
3.29 mil so far today, which is triple the
normal daily volume
[12:46 pm] mbear : apple and mhaus – thx for
MHP alert earlier S 45.24 covered 44.56
[12:47 pm] topdogrex : maybe I should cover
here
[12:47 pm] apple : u r welcome
[12:48 pm] topdogrex : thanks, Mitch
[12:48 pm] stevemld : ANF new low
[12:48 pm] papadoc : AGQ is going up up
up[12:48 pm] Mitch K: stochastics is pointing
down and moving averages too pointing down on
GET. the odds are this was the bottom and is
about 50-50 whether it goes up or down from
here.
[12:49 pm] truck : Is this about fear ??
[12:49 pm] Mitch K: It is basically what I
call “neutralized” when a stock has come back
to center after being stretched down to the
low below $26. THink of it as a bungie cord,
the maximum stretched rubber cord was at
bottom below $26 and the return spring back
to neutral was back to $28.
[12:49 pm] apple : thx doc
[12:50 pm] candelas : 2morrow should be just
as interesting
[12:51 pm] Mitch K: well yes truck, the
maximum point of fear was below $26 on GET
and the balance of power shifts from sellers
to buyers at that point
[12:52 pm] rusty : Panic is a beautiful
thing
[12:52 pm] Mitch K: i meant to ask you guys
if you keep a trading diary. It is a good
practice to write notes everyday about your
trades, observations and any lessons you
learned. I’m updating my diary now.
[12:53 pm] Mitch K: nite apple
[12:53 pm] Mitch K: i love panic rusty, thats
my specialty, when there is chaos
[12:53 pm] duckfan : should we be treating
this market sell as buying opp. or is this
something different?
[12:53 pm] duckfan : selloff I meant
[12:53 pm] apple : Thx MK, K, B and everyone
– have a super night
[12:54 pm] scalpman : 40c on YOKU S
[12:54 pm] rusty : break under the 200dma
and everyone becomes bearish…hopefully we
can take advantage of that tomorrow
[12:54 pm] Mitch K: you mean on a daily basis
duck or for scalps? we are getting closer to
a tradable bottom on a swing trade long as
well as buying pressure on the scalps
[12:54 pm] Mitch K: good to hear
costrem[12:54 pm] duckfan : I meant on the
daily for swings
[12:54 pm] costrem : Great day. thanks
everyone
[12:55 pm] truck : The S & P is
going to close way below the 200 day
[12:55 pm] truck : good trade Scalpman[12:55
pm] Mitch K: i think so duckfan, we are
getting close, another big down day or maybe
two smaller down days with increasing volume
would be nice. i wish we had finished today
with 75 mil on SPY though. that would have
helped complete the setup
[12:56 pm] scalpman : Bye see you all
tomorrow…
[12:56 pm] Mitch K: 75 mil is volume on above
comment
[12:56 pm] duckfan : Thanks MK
[12:57 pm] truck : yeah,,me too lightning
[12:57 pm] lightning : we’re at 280 million
in volume on SPY, I think
[12:57 pm] doji : I see the same
[12:58 pm] truck : lightning ,, is the sun
up over there on the left coast?
[12:58 pm] truck : 107 degrees here today
[12:58 pm] lightning : barely Truck.
[12:58 pm] leo : Thank you, Mitch, Kris,
Brent and all traders. Have a nice one.
[12:59 pm] truck : true !! Ha!
[12:59 pm] lightning : I guess the sun is
much closer to you Truck!
[01:00 pm] ronfrac : Covered GEt Bot –27.20
sht 27.85
[01:00 pm] observer : gn Mitch, Kris, Brent,
traders
[01:01 pm] stevemld : big day guys thanks
to TSA and traders for all the help
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