(06:18 am) Mitch :August 21, 2013, Wednesday
Pre Market Up: DMND, MSG, LOW,
INCY, TSLA, EXXI, AAPL, HD, TASR, Pre
Market Down: SPY, SPLS, NUGT,
AEO, SPY EEM, TGT, POT, FXI, INFY, RIO, MLNX,
RDY, TM
&nb;
sp; ABV, BTI, DTV,
(06:30 am) Mitch
:FE
(06:30 am) Mitch King:monitoring
FE
(06:31 am) Ed :TMUS
monitoring
(06:31 am) Mitch :watching
PETM
(06:31 am) Mitch King:watching DTV
for short on top of this bounce, take
time
(06:32 am) Mitch King:monitoring
KO
(06:32 am) JoeyTSA :wathcing INCY
though and NUGT
(06:32 am) Mitch
King:monitoring NEE
(06:32 am) JoeyTSA :my
scanner isnt working, have to rely on
eyes
(06:32 am) Mitch :watching
QCOR
(06:33 am) Mitch :watching
EXXI
(06:33 am) Mitch King:watching DUST
for short
(06:34 am) Mitch :watching
HCN
(06:35 am) Mitch King:GDP best idea so
far
(06:35 am) Mitch King:watching
GDP
(06:36 am) Mitch King:watching
LFL
(06:36 am) Mitch King:watchign
IBN
(06:38 am) Mitch King:watching IBN
closer
(06:38 am) Mitch :watching
GMCR
(06:38 am) Mitch King:monitoring
FLT
(06:39 am) Ed :GMCR strong
(06:40
am) Mitch King:YOKU toppy,
microshort
(06:40 am) Mitch King:watching
GMCR for top
(06:40 am) Mitch
King:Homebuilders trending up: DHI,
TOL, PHM,
(06:41 am) Ed :(US) Preview:
July Existing Home Sales expected at 10:00 ET
(14:00 GMT) – Consensus expectations: 5.15Me
v 5.08M prior
(06:41 am) Mitch
King:watching EW
(06:41 am) Mitch
King:monitoring NTES
(06:42 am) Mitch
King:watching VRTX for top
(06:43 am)
Mitch King:monitoring LXK, take
time
(06:44 am) Ed :SPY new hod
(06:44
am) JoeyTSA :tighten INCY if long
(06:45
am) Mitch King:take time on INFY
(06:45
am) Mitch King:monitoring INFY on 2 min
Lightning chart for top to short
(06:46
am) Mitch King:GMCR turning over
(06:46
am) Mitch :watching ANGI
(06:47 am) Ed
:SPY test premarket high
(06:47 am) Mitch
King:monitoring LITB, lower priced
(06:48
am) Mitch King:watching YOKU closer
(06:48
am) Ed :ANGI monitoring
(06:48 am) Ed
:ANGI
(06:49 am) Ed :We have some reports
today along with Fed minutes @ 2pm
est
(06:49 am) Mitch King:watchign DKS,
DIcks SPorting goods i think
(06:50 am) Ed
:Factors keeping range tight on SPY for
now
(06:54 am) Ed :would play smaller
position sizez with NUGT/DUST
(06:54 am)
Ed :With economic reports coming out keep eye
on /GC for futres, stocks NUGT and
DUST
(06:56 am) JoeyTSA :no rush, but eye
on QCOR for break from 67-68 range
(06:56
am) Qwert :watching TSLA
(06:56 am)
JoeyTSA :/CL coiling
(06:56 am) Mitch
King:watching PWRD
(07:00 am) Ed :*(US)
JULY EXISTING HOME SALES: 5.39M V
5.15ME
(07:01 am) Mitch King:watching DTV
for top
(07:01 am) Mitch King:remember
things will be slow as market waits for FOMC
minutes until 200pm eastern
(07:05 am) Ed
:if u tooki ANGI long would reduce some in
here
(07:06 am) Mitch :Shares of Angie’s
List are down 6% in early trading after the
company named former Nokia executive Thomas
Fox as its CFO. Also this morning,
short-selling blog Citron Research tweeted
about the negative effects of not performing
background checks on the contractors that
Angie’s recommends on its website. Citron has
issued cautious reports in the past about
Angie’s List.
(07:07 am) Mitch
King:Citroen moves stocks, this news is a
non-event, then they posted they are short
ANGI, typical rebound
(07:08 am) Ed :10:07
(US) Preview: Weekly DOE Crude Oil
Inventories expected at 10:30 ET (14:30 GMT)
**Consensus expectations: Crude: -1.5Me
Gasoline: -1.5Me
(07:09 am) Mitch
:watching PETM closer
(07:05 am) Mitch
King:watching CL 10-13 for short on next
top
(07:10 am) Mitch King:cover CL 10-13
short here soon
(07:12 am) Mitch King:DTV
toppy
(07:13 am) Mitch King:watching CL
10-13 for long soon
(07:14 am) Mitch
King:watching ANF toppy
(07:27 am) JoeyTSA
:crude inv in 2 minutes
(07:31 am) Mitch
King:too late of post on that
(07:31 am)
Ed’s assistant :Monitoring LULU
(07:31 am)
Mitch King:consider selling CL 10-13, try for
best price on a rebound
(07:31 am) Ed
:*(US) DOE CRUDE: -1.43M V -1.5ME; GASOLINE:
-4.03M V -1.5ME; DISTILLATE: +870K V +1ME –
Utilization rate: 91% v 89.0%e –
Distillate demand flat to 3.61M bpd –
Gasoline demand +10K to 9.2M bpd
Related (OIH USO UNG BNO UNL )
(07:33 am)
Mitch King:that was oil inventory report
influencing oil, which for oil is a mile
reaction
(07:37 am) Mitch King:watching CL
10-13 for short
(07:41 am) Qwert
:monitoring CE
(07:45 am) Ed :/GC and NUGT
powering higher
(07:50 am) Ed :nice move
off confirming bottom for high probability
trade
(07:50 am) Ed :If u did take NUGT
long would reduce
(08:06 am) Mitch
King:starting to watch CL 10 to cover
short
(08:10 am) Ed :getting more selling
in markets
(08:11 am) Mitch King:good
place to start covering CL 10 short
‘
(08:20 am) Ed :all waiting on Fed
minutes
(08:20 am) Ed :Markets still
trading withing small range
(08:26 am) Ed
:SPY nearing lod
(08:39 am) JoeyTSA :eye
on GMCR
(08:41 am) Ed :SPY broke from the
tight range to downside
(08:44 am) Mitch
King:looking for bottom in CL 10 but only
expecting 10-12 tick bounce. really
using that 104.50 area as
support. not great idea, just a small
bounce on next bottom
(08:49 am) Ed :lower
lows onSPY
(08:54 am) Mitch King:this is
about all i was looking for in the CL
bounce
(08:55 am) Mitch King:remember if
you dont like an audio sound, each one of
them can be turned off or down in
volume. it can be overly distracting to
have many charts on and sounds for each
chart, multiplied by the number of
charts
(08:57 am) JoeyTSA :GMCR still
trying to bottom
(09:01 am) Ed :Market
Internals update at 12:00ET – NYSE volume
210M shares, about 23% below its three-month
average; decliners lead advancers by
3.1:1. – NASDAQ volume 550M shares,
about 30% below its three-month average;
decliners lead advancers by 2.5:1. –
VIX index +10.9% at just over 16.00
(09:08
am) Ed :(SY) UN Security council to conduct
an emergency meeting regarding the Syria
chemical attack reports at 1500ET – Reminder:
many nations have expressed concern about the
reports of such an attack, Saudi Arabia
earlier called for an emergency meeting of
the UN Security Council to discuss reports of
chemical weapons attack in Syria
(09:09
am) Ed :been very active
(09:09 am) Ed
:NUGT nice move off bottom
(09:15 am)
JoeyTSA :nice selloff in /CL
(09:31 am)
JoeyTSA :GMCR still climbing from that
bottom, i passed though
(09:37 am) Ed
:ONXX gettig a bid
(09:43 am) Qwert :need
more selling
(09:43 am) Qwert :monitoring
ANF
(09:47 am) Mitch King:looking for more
bounce in CL 10
(09:57 am) Ed :would like
more selling for potential setup for
long
(09:57 am) Ed :NTAP just monitoring
right now
(10:43 am) Ed :(EG) Mursi
supporters call for protests against the
Egypt army; a “Friday of Martyrs”
–
(10:50 am) Ed :JCP getting bid
(10:58
am) Qwert :ANGI moving
(11:00 am) Ed :US)
MINUTES OF THE JULY 31 FOMC MEETING: MIXED ON
BOND PURCHASES, FEW OFFICIAL WANTS TO
BE PATIENT BEFORE FINAL DECISION ON BOND
BUYS-
(11:01 am) Ed :strong bounce in US
dollar
(11:07 am) JoeyTSA :/ES trying to
hold S2
(11:13 am) Ed :NUGT very active
along with US dollar
(11:16 am) Murano
:watching V
(11:18 am) Murano :watching
TCB
(11:25 am) Mitch King:one last long
scalp in CL, sorry for late post, too late to
chase, i filled long 103.66
(11:27 am)
Murano :watching AGO
(11:27 am) Mitch
King:sorry about that guys, i was watching it
but so fixated on long entry i forgot to post
in time for last CL bottom, wont happen
again
(11:36 am) Ed :SPY new hod
(11:46
am) Mitch King:the market is really setup for
a rebound and my guess is the FOMC minutes
released 45 minutes ago is the catalyst for
this bounce to start
(12:03 pm) JoeyTSA
:/ES pullback to 1650
(12:56 pm) Mitch
King:later guys, see ou tomorrow
(12:59
pm) Ed :have great eve traders
| (05:31 am) taco :dbeck, you have
dogs?
(05:36 am) dbeck3 :do i have
dogs? as in actual dogs?
(05:37 am)
dbeck3 :or stock dogs keeping me
up?
(05:38 am) taco :pets
ya
(05:38 am) dbeck3 :1 dog, 1 cat,
2 kids
(05:39 am) taco :nice, we
have 2 cats and a bun in the oven. i’m a dog
guy . wife came with cats
(05:40 am)
JoeyTSA :Good morning everyone, Existing home
sales @ 7pdt, crude inv @ 7:30pdt and FOMC @
11pdt
(05:41 am) taco :what kind of
dog do you have? thanks joey
(05:41 am)
dbeck3 :im looking for /CL down to 102
area today, probably tomorrow
(05:41 am)
JoeyTSA :would be one heck of a
move
(05:41 am) dbeck3 :@taco, im a
dog guy as well, wife came with 2 cats –
litter is disguisting
(05:41 am)
taco :lol
(05:41 am) dbeck3 :i
think by Fri we can get down there depending
on report this morn
(05:42 am) JoeyTSA
:watching 104.30-35
(05:44 am)
dbeck3 :@taco, congrats on the bun –
1st?
(05:44 am) taco :that i know
of;)
(05:44 am) dbeck3
:haha
(05:45 am) dbeck3 :Joey, that
crude report at 730 PT?
(05:46 am)
dbeck3 :or CT?
(05:46 am) JoeyTSA
:pdt
(05:46 am) JoeyTSA :10:30
eastern
(05:46 am) JoeyTSA :congrats taco
!!!
(05:47 am) JoeyTSA :dbeck, im on the
west coast so i usually post pdt, where
are you ?
(05:48 am) taco :thanks
joey and dbeck, been a few months pretty
excited
(05:48 am) taco :heard heart
beat yest 148 bpm
(05:48 am) dbeck3
:Denver. You in Seattle or ??
(05:49
am) dbeck3 :very exciting! 1st
one is really cool adn it will blow your
mind
(05:49 am) taco :and my wallet
haha
(05:50 am) dbeck3 :oh yeah,
that stays consistant for a long time!
actually when they are really young, they
will act like a cat. sleep, just sit
there, throw up, poop
(05:51 am)
taco :great:)
(05:51 am) JoeyTSA :im
in vegas
(05:51 am) taco :SPLS
moving lower
(05:51 am) JoeyTSA :tentative
plans to get to denver in october, not sure
yet
(05:52 am) JoeyTSA :im a redskins fan,
and we play in denver this year…
(05:53
am) dbeck3 :u have family here?
Redskins??? i might be going to that
game too, gotta see RG3 run around like a
crazy man
(05:53 am) JoeyTSA :my
brother-in-law is the Oline coach of the
Broncos, so i can get free tickets,
unfortunately would have to sit where the
families sit and cant cheer for the Redskins
around them haha
(05:56 am) JoeyTSA :gap
down: SPLS,NUGT,INFY,TGT?
(05:56 am)
JoeyTSA :gap up: INCY,QCOR,LOW,AAPL
(05:57
am) taco :thx for gaps joey
(05:57
am) JoeyTSA :watching /GC range of
1364-1368
(05:58 am) JoeyTSA :/ES
1643,1647,1650 for now
(06:00 am)
taco :/NG moving
(06:01 am) Qwert
:Good morning everyone, nice pop on the /CL
at pit open
(06:02 am) skydiver :gm
all
(06:02 am) taco :hi sky and
qwert
(06:02 am) JoeyTSA :/GC has been in
this range for a while, be careful
(06:02
am) Qwert :hi taco
(06:02 am) taco
:what’s symbol for europe’s pit open for
crude?
(06:02 am) dbeck3 :40 point
pop /CL, damn
(06:02 am) skydiver
:gm taco
(06:04 am) taco :prob need
diffreent data feed too maybe
(06:04 am)
JoeyTSA :not sure taco
(06:04 am)
taco :Mitch called it a few weeks ago
base don europes pit open
(06:05 am)
JoeyTSA :oh ok
(06:11 am) skydiver
:monitoring HLF
(06:14 am) doji
:Good day
(06:14 am) taco :hey doji,
nice JCP play yesterday
(06:15 am) Murano
:good morning
(06:15 am) doji
:Yeap
(06:15 am) doji :send the
money back please
(06:18 am) JoeyTSA :TSLA
back to $150
(06:18 am) JoeyTSA :thx
Mitch
(06:19 am) taco :thx
Mitch
(06:19 am) Qwert :thx
mitch
(06:19 am) doji :By the way,
where is Shark?
(06:20 am) doji
:Became “tuna”?
(06:20 am) JoeyTSA :he’s
been really busy with real estate
etc
(06:20 am) taco :DMND
fairly active
(06:21 am) doji :Ah
ok
(06:26 am) herman :gm
all
(06:30 am) elisha :gm
all
(06:38 am) taco :SPLS moving
nice
(06:38 am) skydiver :long NUGT
91.55
(06:39 am) skydiver :out 1/2
NUGT long
(06:40 am) skydiver :out
another 1/4 on NUGT long
(06:40 am)
JoeyTSA :great job sky
(06:41 am)
skydiver ::)
(06:41 am)
skydiver :let last 1/4 on table to see
what happens
(06:41 am) JoeyTSA :/ES gave
nice bounce off S1 right up into 1647
target
(06:41 am) JoeyTSA :thx Ed for
reminder
(06:41 am) skydiver :thanx
Ed
(06:41 am) skydiver :all out of
NUGT long
(06:42 am) skydiver :will
monitor NUGT
(06:43 am) JoeyTSA :hate not
having my scanner working
(06:43 am)
skydiver :sorry about that joey — not
fun
(06:43 am) JoeyTSA :things
happen
(06:47 am) JoeyTSA :AAPL hod, INCY
still moving up
(06:51 am) skydiver
:TSLA dropping nicely
(06:53 am) JoeyTSA
:thx sky
(06:53 am) skydiver
::)
(06:54 am) skydiver :thnx again
Ed
(06:55 am) JoeyTSA :thx Ed, also FOMC
later today
(06:55 am) JoeyTSA :sorry, saw
your post late
(06:55 am) Ed :no
problem
(06:55 am) JoeyTSA :and the vodka
kicked in 🙂
(07:00 am) skydiver
:long 146.73
(07:00 am) elisha
:monitoring Z but low volume
(07:00 am)
JoeyTSA :very nice move on Z
(07:01 am)
skydiver :TSLA – long with tight
stop
(07:01 am) taco :NUGT at
lod
(07:01 am) elisha :hindsight is
my specialty
(07:01 am) JoeyTSA
::)
(07:01 am) JoeyTSA :had them up
yesterday, should have still had the chart
up
(07:01 am) doji :Hummm not sure
in TSLA Sky
(07:02 am) doji :It’s at
yesterday’s low
(07:02 am) skydiver
:thanks doji — I’m a bit off on entering on
TSLA alright
(07:03 am) doji :Long
small position in NFLX here
(07:04 am)
JoeyTSA :nice quick pop on /CL
(07:05 am)
skydiver :all out of TSLA long
147.29
(07:05 am) Qwert :nice call on ANGI
thx
(07:06 am) JoeyTSA :BIDU having issues
@ $136, on watch though
(07:07 am)
doji :Dang… having a red day
today….
(07:07 am) doji :I’ll stop
here or will end up losing my pants
(07:07
am) JoeyTSA :thx Mitch, have heard a
lot of negative things about ANGI as a
company also
(07:07 am) taco :glad i
was never on her list:)
(07:08 am) Mitch
King:I had this same idea about Angi’s list
24 years ago, no internet though. needed info
on contractors or who to use
(07:08 am)
JoeyTSA :some complaints on the way they
charge also
(07:10 am) elisha :LOW
nicely up from yesterday
(07:11 am)
JoeyTSA :great call Mitch on /CL
(07:11
am) JoeyTSA :right back to cons
area
(07:13 am) skydiver :long PETM
71.24
(07:13 am) JoeyTSA :/TF sitting on
pp, not a trade for me yet
(07:13 am)
JoeyTSA :sky: still in TSLA?
(07:14 am)
skydiver :no joey .. got out with 56
cent profit
(07:14 am) JoeyTSA :not
bad
(07:15 am) skydiver :yeah with
bad entry etc. made it out with a
profit
(07:15 am) JoeyTSA :entry wasnt
that bad
(07:15 am) skydiver
:ok
(07:16 am) elisha :joey – did
you get any Z? ”)
(07:17 am)
JoeyTSA :no
(07:18 am) JoeyTSA :almost
went long when yuo mentioned it, but
didnt
(07:18 am) elisha :i didn’t
either
(07:18 am) Qwert :INCY another new
hod
(07:19 am) JoeyTSA :between wierd
market action/ no scanner, i am playing
things much more cautious today
(07:19 am)
JoeyTSA :at least so far
(07:19 am)
JoeyTSA :yeah qwert, looks like clear skies
above for them
(07:21 am) skydiver
:all out of PETM long with small
profit
(07:21 am) skydiver :lost
patience
(07:22 am) doji :Nice
Sky… stiill holding my lossess of the
day….
(07:23 am) skydiver :thnx
doji . . .I should have been a bit more
patient on PETM — left money on the
table
(07:25 am) JoeyTSA :elisha ; just
dont look at Z 🙂
(07:27 am)
elisha :i’m not looking ”)
(07:27
am) JoeyTSA :unfortunately i did, just
shaking my head
(07:28 am) JoeyTSA :/CL
not giving any hint on direction
(07:28
am) elisha :in that case don’t look at
LOW
(07:29 am) JoeyTSA :at least i got
some on LOW
(07:29 am) vince
:petm
(07:29 am) elisha :very
nice
(07:29 am) JoeyTSA :PETM was great, i
didnt get it though
(07:29 am) doji
:Watching AAPL
(07:30 am) skydiver
:not going to talk about PETM 🙂
just proves I’m still needing to work on
patience 🙂
(07:30 am) JoeyTSA :but still
a very good call
(07:31 am) skydiver
::)
(07:31 am) elisha :sky – at
least you have the noogies to get in
there
(07:31 am) JoeyTSA :honestly, today
i think keeping things close to the hip is a
good idea
(07:31 am) skydiver :thnx
elisha and thanks Ed for info
(07:35 am)
JoeyTSA :break time, see you in 20
(07:35
am) doji :NFLX and TSLA now moving…
timed them badly
(07:38 am) skydiver
:enjoy your break joey — and doji — you’re
a good trader, but we all have off times
🙂
(07:39 am) doji :Thanks Sky…
Cannot trade well when working at the
office
(07:39 am) doji :in between
calls
(07:39 am) skydiver :gotcha
doji
(07:45 am) doji :SPY moving in
straight line…
(07:46 am) vince
:cl turning up
(07:50 am) skydiver
:ok, need to get into the office — lots to
catch up on .. Make lots of $$ 🙂
(07:51
am) taco :bye sky
(08:01 am) JoeyTSA
:great move on NUGT
(08:11 am) JoeyTSA
:thx Ed, /ES keeps coming to this
area
(08:24 am) taco :nice round
trip NUGT off dbl top
(08:35 am) JoeyTSA
:sure was tacp
(08:35 am) JoeyTSA
:taco
(08:43 am) doji :But=y signal
in LSTR by lightening?
(08:47 am) JoeyTSA
:low vol on LSTR, be careful
(08:50 am)
JoeyTSA :doji: is market selling because its
truly weak, or just moving down so the big
pockets can load up for fomc??
🙂
(08:51 am) JoeyTSA :Lightning telling
me that Frank has the ‘world on a string”,
but market looks like its hanging by a thread
🙂
(08:53 am) Ed ::)
(08:55 am)
doji :No idea Joey…
(08:55 am)
doji :Perhaps Ed can answer that
question. He has been trading since the
1900….
(08:56 am) dbeck3 :haha,
thats 2 days in a row they are all over ya
Ed
(08:56 am) JoeyTSA ::)
(08:56 am) Ed
:lol
(08:57 am) dbeck3 :hey does
this group ever have a trading summit or
meeting so everyone can get
together?
(08:58 am) JoeyTSA :last live
seminar was in 2010 or 11 i think
(09:01
am) JoeyTSA :thx Ed
(09:01 am) Ed :what
was the question
(09:02 am) doji
:debeck, the last seminar was in Rio de
Janeiro, last summer… you missed it because
your joined it too late
(09:02 am)
doji :Ed has his plastci surgery
there
(09:02 am) doji :and Joey
bought a apink pants with the TradeStocksHere
logo stamped
(09:03 am) JoeyTSA
::)
(09:03 am) JoeyTSA :at least i was
wearing pants 🙂
(09:05 am) JoeyTSA
:http://www.bloomberg.com/news/2013-08-21/gol
dman-options-error-shows-peril-persists-one-y
ear-after-knight.html
(09:05 am)
dbeck3 :haha, you guys are killin
me
(09:06 am) dbeck3 :well I should
be apart of this for quite a while
now
(09:06 am) JoeyTSA :good to have you
aboard dbeck
(09:07 am) dbeck3 :once
this month is up and my trial is over, I’ll
switch to my real name – Shaniqua
(09:07
am) JoeyTSA :haha
(09:07 am) taco
:lol
(09:07 am) Ed ::)
(09:07 am)
dbeck3 :ok ok, my name is Devin but
everyone calls me Devo. So if you dont
see dbeck3 anymore, Im still here
(09:08
am) JoeyTSA :are we not men, we are
devo..loved that band
(09:09 am)
chinhngo :GOOD MORNING TO ALL
(09:09
am) chinhngo :dsl is buy ?
(09:09
am) taco :hi chinhngo
(09:09 am)
chinhngo :hi taco
(09:10 am) Ed
:would pass on DSL chin
(09:11 am)
chinhngo :bidu is buy now?
(09:14
am) JoeyTSA :chin: ingeneral, be careful,
trading this time of day during this time of
year with fomc in less than 2 hours..trading
can be very risky
(09:16 am)
chinhngo :thank joey i just want to
have some action so feel interesting to
follow up
(09:16 am) JoeyTSA :dont trade
for action
(09:16 am) JoeyTSA :trade for
money
(09:17 am) chinhngo :also for
fun too
(09:17 am) JoeyTSA :never want to
force a trade, let them come to you
(09:17
am) chinhngo :and exciting
(09:17
am) JoeyTSA :you are probably a blast to hang
with in vegas hahah
(09:17 am)
JoeyTSA :or bangkock
(09:18 am)
chinhngo :very addict las vegas before
but no more now with stock
(09:18 am)
JoeyTSA :yeah i see that
(09:18 am)
chinhngo :spy trend go up so do
something
(09:19 am) JoeyTSA :just because
you CAN trade a stock or make a bet, doesnt
mean you SHOULD
(09:21 am) taco
:good advice joey
(09:22 am) JoeyTSA :i
CAN bet all 10 races at Saratoga today, but
will probably just play 3 or 4 depending on
how the r/r sets up
(09:22 am)
herman :be patient
(09:23 am)
chinhngo :beceause i do not understand
much about chart keep learning but do not
undrestand much so trade base on the chart
with feeling plus some advice from
analysist
(09:23 am) JoeyTSA :yeah herman,
not only when in a trade but waiting for the
correct buy/sell entry point
(09:24 am)
JoeyTSA :chin ; spend more time learning how
to read charts, pattern recognition
(09:24
am) JoeyTSA :only analyst worth listening to
is Ed Cramer above haha
(09:24 am)
JoeyTSA :and that Mitch guy too, he throws us
1 good one a week 🙂
(09:24 am)
Qwert :hahahaha
(09:25 am) herman
:the best trade sometimes is the one you
didnt get into
(09:25 am) JoeyTSA :correct
again herman
(09:27 am) herman
:cramer can entertain you
(09:27 am)
JoeyTSA :love cramer, at least he keeps
people in the game as he likes to say…not
much of a timer though
(09:28 am) JoeyTSA
:american eagle another retailer who
missed
(09:30 am) JoeyTSA :If you subtract
out the results from Banks and Utilities then
revenue and earnings for the S&P 500
would be lower this quarter than for the same
period last year. The banks have had the best
earnings but 50% of the improvement was due
to accounting adjustments on loan loss
reserves
(09:31 am) chinhngo :tna
move off the bottom
(09:31 am) Ed :was
nice call
(09:32 am) JoeyTSA :pretty good,
just decided to not play
(09:33 am)
JoeyTSA :have to run out, hope to be back for
fomc announcement
(09:34 am) taco
:not too far i hope joey;)
(09:34 am)
JoeyTSA :only to casino and then get organic
produce crate
(09:34 am) JoeyTSA :10 miles
round trip haha
(09:34 am) taco
:haha
(09:35 am) JoeyTSA :it was 1 month
ago when we were talking how little i
drive, surprised if i have gone 100
miles since haa
(09:35 am) JoeyTSA
:will check when i get back 🙂
(09:35 am)
taco :ya, i’ve driven several hundred
since then ha
(09:35 am) JoeyTSA
::)
(09:45 am) dbeck3 :Joey, see
/Cl….heading towards that 102 area we were
talking about earlier
(09:58 am)
doji :the Fed’s news is at 2:00PM ET
right?
(09:58 am) Ed :right
(09:58 am)
doji :Ok, se ya in 1 hour or so, has to
attend a conference call
(09:59 am) Ed
:have fun
(09:59 am) Qwert :bye
joey
(09:59 am) Qwert :oops i mean
doji
(10:29 am) dbeck3 :/CL should
be bottom for now……ha
(10:50 am)
JoeyTSA :eye on INCY, nothing yet
though
(10:57 am) JoeyTSA :eye on /CL @
$104
(10:58 am) Qwert :sorry saw the chart
right as i was clicking send
(11:00 am)
taco :?GC
(11:00 am) JoeyTSA
:getting crazy taco
(11:00 am) doji
:Fed’s affects?
(11:00 am) taco
:NUGT
(11:02 am) taco :DUST too, opp
of DUST?
(11:02 am) taco :NUGT i
mean
(11:03 am) JoeyTSA :DUST was trading
near $80 end of june, not around
$25
(11:07 am) doji :Watching /ES
1633
(11:07 am) JoeyTSA :should be next
doji is 1637 falls
(11:09 am) doji
:It;s holding 1637
(11:12 am) JoeyTSA
:nice pop on both /ES and /CL
(11:13 am)
doji :so the drop was to give the big
pockets to get cheaper in the market
again?
(11:14 am) JoeyTSA :not
sure
(11:14 am) JoeyTSA :perfect bounce
from S2 to S1 though
(11:16 am) JoeyTSA
:AAPL had nice bounce too
(11:16 am)
doji :now it needs to go the other way
around
(11:16 am) doji :wash and
rinse
(11:16 am) JoeyTSA :good one
Murano
(11:23 am) doji :Nice SPY
reversal from 165 short
(11:23 am)
doji :It will make me happier if it
touches 164.2
(11:25 am) Qwert :TSLA nice
bounce
(11:30 am) doji :TSLA
moving
(11:30 am) doji :Did you get
it Qwert?
(11:30 am) Qwert :yes on
TSLA
(11:30 am) Qwert :Bought a little for
swing been trying to get into it
(11:31
am) JoeyTSA :gotta love these traders, 1640
right back to 1647
(11:32 am) JoeyTSA
:after the obligatory stop at 1643
haha
(11:34 am) doji :Great, now the
SPY at the hod…
(11:34 am) JoeyTSA :and
theres 1650
(11:34 am) doji
:NFLX
(11:36 am) doji :Nice run in
the markets
(11:37 am) doji
:YRCW
(11:38 am) JoeyTSA :/YM, /TF also on
fire
(11:38 am) JoeyTSA :nice long /CL
Mitch
(11:38 am) Mitch King:you like those
lime green long signals in YM joey?
(11:40
am) JoeyTSA :i dont get any lime green or hot
pink
(11:40 am) JoeyTSA :got a fuscia (
close enough to hot pink i guess ) on /ES @
11.37 though
(11:41 am) JoeyTSA :not sure
those 2 colors work on LBars or
not??
(11:41 am) doji :DOW dropped
120 and rebounded 100
(11:41 am) JoeyTSA
:PCLN had big pop too
(11:47 am)
doji :I should have bought the SPY when
it broke 165 again… dang
(11:48 am)
JoeyTSA :all the big names got decent
moves
(11:49 am) Qwert :joey i think he
said they only work on the 1 min
chart
(11:49 am) doji :Qwert, are
you adding to TSLA here at $150?
(11:49
am) JoeyTSA :thx qwert, i missed that
mention, but assumed so since i had never
gotten any
(11:49 am) Qwert :no will wait
to see tomorrow
(11:50 am) Qwert :on
TSLA
(11:50 am) Mitch King:joey im reading
your post above, what is your question on
coloring of LightBars?
(11:50 am) JoeyTSA
:MitchL not getting lime green or hot pink
bars
(11:50 am) doji :Tempted to
swing NFLX but will wait until
tomorrow
(11:51 am) Mitch King:on which
chart?
(11:51 am) JoeyTSA :using Lightning
Bars
(11:51 am) doji :I have also
YRCW for swing… will add tomorrow
(11:51
am) JoeyTSA :on my futures
(11:52 am)
victor51 :Hi Joey, I hope you got some
piece of ES
(11:52 am) Qwert :Doji whats
your entry on YRCW swing
(11:52 am)
JoeyTSA :sure did victor, waht about
you
(11:52 am) Mitch King:the hot pink
sell signal and lime green buy signal is when
a really exaggerated move occurred on extreme
oversold or overbought conditions. i
got the lime green buy signal on ES 09 at
11:09am pacific time on 1 min chart
(11:53
am) Mitch King:that signal is built into any
interval or bar type but lightning bars are
built differently and dont calculate the same
so dont have the extreme move as often as a 1
min chart
(11:54 am) JoeyTSA :never got
them, on /ES i am using LBars with a 578t
chart
(11:54 am) JoeyTSA :oh ok,
that makes sense now
(11:54 am) Mitch
King:ok i got on 1 min so thats why
diff
(11:54 am) Mitch King:i got a purple
signal #3 buy signal at 1109:40am on ES
Lightning bar chart with 362
setting
(11:55 am) JoeyTSA :funny, i didnt
get that, but got a purple sell signat at
11:16
(11:55 am) Mitch King:i have a funny
short story to tell you guys, i think its
funny
(11:58 am) Mitch King:my wife has
been saying she wants to start trading and in
my mind I was thinking “Oh boy, this might be
bad for the marriage.” so the last few
days she sat down on this computer next to
me. i set up Lightning charts for her,
like i showed you on the webinar. i
wanted to start her on Forex because the
moves take longer, not as volatile,
usually.
(11:59 am) JoeyTSA :last thing i
want is my wife sitting next to me while
trading 🙂
(11:59 am) JoeyTSA :or eating,
watching tv etc etc haha
(11:59 am)
doji :No way….
(11:59 am)
doji :Watching me loosing money…
lol
(12:00 pm) JoeyTSA ::)
(12:00 pm)
doji :She would say “Inetad of loosing
money I could spend that money in shoes”….
lol
(12:00 pm) doji
:instead
(12:00 pm) JoeyTSA
:haha
(12:00 pm) Mitch King:She looks over
at my four screens and sees a CL chart and
said What’s that chart.? I said,
“uuuuh, thats Light Sweet Crude and I don’t
recommend that to start off with, hardest
futures to trade.” she loads the CL
chart on her screen. i gave her a heads up on
when to be buying ……. like right here,
now would be a good time.
hehe
(12:02 pm) Mitch King:she buys, holds
it long for a while, waits for sell
signal, i gave her heads up this
area is good time to sell….. anytime would
be good, now would be good.
(12:03 pm)
Mitch King:this goes on for about 3 or 4
trades today and turns to me and says “This
is easy”
(12:03 pm) JoeyTSA :gotta love
those stories
(12:04 pm) taco :ask
her if she wants me to tell her when to pull
the trigger:)
(12:04 pm) JoeyTSA :first
step to losing money is saying ” so how long
has this been going on”
(12:04 pm)
taco :lol
(12:04 pm) doji
:lol
(12:04 pm) Mitch King:i laughed and
said. let me explain something to you about
trading CL, when volume comes back into the
market in mid September this is going to be
really crazy and no, this is not easy.
it will take you 12-18 months of hard work to
really get solid.
(12:04 pm) Mitch King:I
said, “Good job though”
(12:05 pm) JoeyTSA
:12-18 months might screw her head up with
too much info haha
(12:05 pm) JoeyTSA
:just let her wing it 🙂
(12:05 pm) Mitch
King:ok i was thinking that joey.
(12:05
pm) JoeyTSA :you start looking for holy grail
instead of just hitting 1 setup
(12:08 pm)
JoeyTSA :congrats to her though, hope she
keeps it going
(12:35 pm) Qwert :Bye
everyone have to go early today cya all in
the am
(12:35 pm) JoeyTSA :enjoy qwert,
see you tomorrow
(12:35 pm) taco
:bye qwert cya
(12:35 pm) Murano :see you
qwert
(12:38 pm) Ed :c ya qwert
(12:39
pm) JoeyTSA :Thanks Mitch,Ed,Diosna,Murano,
everyone
(12:39 pm) JoeyTSA :have a great
afternoon, see you in the morning
(12:39
pm) taco :c ya joey thanks
(12:39
pm) Ed :c ya joey
(12:40 pm) Murano :see
you joey
(12:41 pm) victor51 :Ed, I
sent you email
(12:41 pm) victor51
:Bye Joey
(12:42 pm) Ed :i sent you one
back also
(12:44 pm) victor51
:Thanks Ed
(12:45 pm) chinhngo
:thank ed you are right
(12:45 pm) Ed :I
am?
(12:46 pm) chinhngo :es pull
back to 1650
(12:46 pm) chinhngo
:ohoh thank joey
(12:46 pm) Ed :You called
that one chin
(12:47 pm) chinhngo
:now what es will go up again
(12:47 pm)
taco :Thanks Mitch Ed Diosna Murano and
everyone. see you in the am. have a great
eve
(12:47 pm) chinhngo :no not me
mr ed
(12:47 pm) Ed :c ya taco
(12:48
pm) Murano :see you taco
(12:50 pm)
chinhngo :bought agq at 23.14
(12:51
pm) victor51 :Ed, OK. I will contact.
Thanks.
(12:52 pm) Ed :yea it helps me
plan, let me know even if it gets done
tomorrow before 6pm still good. OK
(12:55
pm) pirate :vol really picked up in
metals this last hour and a half
(12:56
pm) Ed :sure did pirate
(01:00 pm)
herman :bye everybody
|
Web Special
