(06:00 am) JoeyTSA :/CL levels im watching
early are $106, 106.35,106.70
(06:16 am)
Mitch :August 26, 2013, Monday Pre Market
Up:TSLA, ONXX (bUY-OUT), AMGN, AVNR, QIHI,
POT, AFOP, QIHU, DDD, SAFM, MOS, AFOP,
NUGT, Pre Market Down: AMBA, BUD,
CNH,
(06:17 am) JoeyTSA :QIHU been on a
heck of arun, wouldnt surprise me to see it
try for $100 in the coming weeks, not a trade
rec, just a thought
(06:28 am) Mitch
King:monitoring NQ
(06:30 am) JoeyTSA
:CHRW on watch
(06:32 am) Mitch
King:watching IPI
(06:32 am) Mitch
King:watching DDD
(06:33 am) Mitch
:watching IPI
(06:33 am) Mitch
King:watching JOY for top
(06:33 am) Mitch
King:watching MOS for short
(06:33 am)
Mitch King:watching MON for top
(06:33 am)
JoeyTSA :eye on NUGT
(06:34 am) Mitch
King:watching TSLA for bottom
(06:35 am)
Mitch King:watching IPI closer, for top to
short
(06:35 am) JoeyTSA :eye on BIDU for
break over $140
(06:35 am) Mitch :watching
CHRW
(06:36 am) JoeyTSA :looking for
bottom in AMZN
(06:36 am) Mitch :watching
TNGO
(06:37 am) Mitch :monitoring
GMCR
(06:37 am) Mitch King:watching BTU
for top
(06:38 am) Mitch King:monitoirng
NFLX
(06:38 am) Mitch King:monitoring TSN,
Tyson foods
(06:38 am) Ed’s assistant
:Monitoring FB
(06:38 am) JoeyTSA :/ES in
3pt range for an hour
(06:41 am) Mitch
:watching AMBA
(06:42 am) Mitch King:VMC
trying to bounce
(06:44 am) Mitch
King:AMGN still climbing
(06:45 am) Mitch
King:consider selling TSLA if long
(06:47
am) Mitch King:MON trending up, not shortable
pattern
(06:47 am) Mitch King:more
downside with AGU
(06:48 am) JoeyTSA
:tighten AAPL if you took it long
(06:50
am) Ed :SINA monitoring would like more
selling
(06:55 am) Ed :if u took SINa long
would reduce some in here
(06:56 am) Qwert
:monitoring TSN
(06:58 am) Mitch
King:watching CTB for bottom
(06:59 am) Ed
:would like more selling first
(06:59 am)
Ed :BIDU monitoring for potential
long
(07:02 am) Ed :/NG was very active
this am
(07:03 am) Ed :on SINA trailing
last 1/4 long right behind 10sma
(07:05
am) Mitch King:DDD on nice uptrend, buy on
dips working
(07:07 am) JoeyTSA :lower
vol, but eye on both BMRN and JAZZ
(07:12
am) JoeyTSA :/ES coming up to R1
(07:12
am) JoeyTSA :KORS vol spike, just
watching
(07:44 am) Ed :NFLX hew
hod
(07:57 am) Ed :higher highs on
markets
(08:13 am) Mitch King:new high on
AMGN
(08:31 am) Ed :SPY new hod
(08:46
am) Mitch King:looking for bounce in CL
soon
(08:47 am) Qwert :monitoring
TEVA
(08:47 am) Mitch King:i beat you
joey
(08:47 am) JoeyTSA :eye on
/CL
(08:51 am) JoeyTSA :eye on
NUGT
(08:59 am) Ed :NYSE volume 95M
shares, about 37% below its three-month
average; advancers lead decliners by 1.6:1
–
(09:00 am) Ed :update as of 2
seconds
(09:00 am) Ed :NYSE volume 168M
shares, about 34% below its three-month
average; advancers lead decliners by
1.6:-
(09:26 am) Ed :SY) US Sec of State
Kerry to make statement on Syria at
1400ET
(09:36 am) Murano :watching
HCA
(09:41 am) Ed :-
(09:42 am) Ed
:keep eye on BWLD see if get any
vol
(09:42 am) Ed :12:41 MCD Reportedly to
introduce chicken wings in late September and
will be sold through November – financial
press
(09:48 am) Mitch King:looking for
short in CL 10 soon
(10:02 am) Ed :EW
Transcatheter Heart Valve Injunction
Initiated in Germany announced that the
injunction against sales of Medtronic’s
transcatheter heart valves in
Germany
(10:49 am) Mitch King:consider
covering CL 10 if short
(10:51 am) Ed
:nice pullback in SPY
(10:59 am) Ed :Kerry
to speak at 2pm est. on Syria followed by
White House Briefing at
3pmest
(11:00 am) Ed :Market Internals
update at 14:00ET – NYSE volume 245M shares,
about 32% below its three-month average;
advancers lead decliners-
(11:20 am) Ed
:BATS CEO: May consider trying the listings
business again assuming the Direct Edge
acquisition goes to fruition
(11:31 am) Ed
:Stilll waiting on statement for
Kerry
(11:34 am) JoeyTSA :very tight /ES
range
(11:48 am) Murano :watching
NOW
(11:52 am) JoeyTSA :not a trade, but
TSLA big pullback from highs
(12:02 pm)
Ed’s assistant :MONITORING BID
(12:03 pm)
Ed :BID Third Point LLC discloses 5.7% stake
– filing-
(12:15 pm) Ed :SPY new
lod
(12:22 pm) Ed :Market weakness
attributed to speculation that Sec of State
Kerry’s strongly worded statement on Syria
could be setting the table of a military
strike in the next few days-
(12:32 pm)
Mitch King:lot of short covering on TSLA
probably going on
(12:32 pm) Murano
:watching EMN
(12:35 pm) Ed :(US) Treasury
said to be likely to hit the debt limit at
some point in the middle portion of October –
financial press
(12:39 pm) Ed :white house
press briefing underway also
(12:49 pm) Ed
:US) White House Press Sec Carney: It is in
the US interest to respond to chemical
attack, will not speculate about potential
responses; Pres Obama still considering
options – Will act within international law
in its response to Syria
(12:58 pm) Ed
:have a nice eve traders
(01:00 pm) Mitch
King:later guys
(01:02 pm) Ed :JCP Ackman
said to be selling entire 39M share stake –
fianncial pres-
| (05:30 am) dbeck3 :Durable goods report
down 7.3%. ouch
(05:39 am)
taco :gm dbeck qwert joey and
everyone
(05:40 am) dbeck3 :gm
taco
(05:41 am) dbeck3 :gm everyone,
joey, qwert, mitch, doji you out
there?
(05:49 am) JoeyTSA :Good morning
Qwert, everyone
(05:49 am) running
:GM All!
(05:49 am) JoeyTSA :nothing
jumping out on the gap downs
(05:50 am)
JoeyTSA :gap up:
QIHU,ONXX,AMGN,TSLA,SSYS
(05:50 am)
taco :thx joey
(05:50 am) JoeyTSA
:will also keep NUGT on radar
(05:50 am)
taco :Ed mentioned GMCR fri
too
(05:51 am) JoeyTSA :yeah,think he
mentioned $85 level
(05:51 am) JoeyTSA :i
left early on friday, how was trading during
the last 3-4 hours?
(05:52 am) taco
:don’t think you missed much, nothing stands
out
(05:52 am) Qwert :Good morning Joey,
and to everyone
(05:52 am) JoeyTSA :didnt
seem like anything crazy took off
(05:55
am) dbeck3 :FB took off late Friday,
thats about it
(05:58 am) dbeck3
:APC new highs
(05:59 am) JoeyTSA :thx, i
think FB had started moving right as i
left
(06:01 am) taco :nice
pop
(06:02 am) running :ljOEY…Why
those levels on CL?
(06:02 am) JoeyTSA
:just what i see so far
(06:02 am) JoeyTSA
:recent dbl bot near 106..
(06:02 am)
running 😕 whwt do u see
(06:02 am)
JoeyTSA :at the time, the 200ma was near
.35
(06:03 am) running :k
(06:03
am) JoeyTSA :also saw a high made near .70
too (06:03 am) JoeyTSA :then the obvious next
res is $107
(06:04 am) JoeyTSA :doesnt
mean that those levels are definate trades,
just places i am looking for something to
potentially happen
(06:05 am) JoeyTSA
:right now /CL pullback and attempt to hold
the ma’s
(06:05 am) JoeyTSA :also some
darvis support too
(06:05 am)
running :that helps
much…tnx
(06:06 am) JoeyTSA :no
prob
(06:06 am) JoeyTSA :i trade a lot by
instinct which is also guesswork many
times
(06:07 am) JoeyTSA :if i OVERthink
something, i tend to mess it up
(06:08 am)
dbeck3 :50/50
(06:09 am) JoeyTSA
:right, but i dont mind 50/50 as long as the
r:r is worth it
(06:09 am) dbeck3
:gotta love this game sometimes
(06:11 am)
dbeck3 :i agree Joey. sometimes
too much info hinders my trades
(06:11 am)
JoeyTSA :no kidding, i think its because we
always look for perfect setups that never
lose
(06:11 am) JoeyTSA :unfortunately we
dont know which ones those are until
afterwards
(06:12 am) JoeyTSA :so you just
put as many positive factors on your side,
set your stop/loss and play the
percentages
(06:13 am) dbeck3 :you
didnt get your Hindsight glasses before they
were discontinued?? haha
(06:13 am)
skydiver :gm all
(06:13 am) JoeyTSA
:no, i ordered the Sea Monkeys
haha
(06:13 am) taco :i always put
mine on after haha
(06:15 am) herman
:gm all
(06:15 am) dbeck3
:haha
(06:15 am) taco :hi sky n
herman
(06:16 am) skydiver :jey taco
🙂
(06:16 am) skydiver :hey that
is
(06:17 am) dbeck3 :sky, herman
-morning.
(06:18 am) dbeck3 :qihu
had great earnings and took off
(06:19 am)
JoeyTSA :nice run on them, esp past 6
weeks
(06:20 am) taco :thx
Mitch
(06:24 am) JoeyTSA :GS put 4
employees on leave for that options glitch
the other day
(06:24 am) dbeck3
:that glitch was a pricey one
(06:24 am)
JoeyTSA :yeah
(06:26 am) JoeyTSA :QIHU
giving nice pullback
(06:26 am)
skydiver :gm dbeck3
(06:26 am)
dbeck3 :do any of you use Mac’s and are
able to pull up Ninja/Lightning and have it
work well? I’m struggling on this
computer
(06:27 am) Qwert :is your mac
bootcamped?
(06:27 am) Mitch King:i use 4
MAC desktops on Bootcamp using windows and
works well dbeck
(06:31 am) elisha
:gm all
(06:31 am) dbeck3
:bootcamped? same as
parallels?
(06:31 am) skydiver :no
dbeck3
(06:32 am) skydiver :I have
parallells as well, but will now work
well
(06:32 am) skydiver :now =
not
(06:32 am) JoeyTSA :AAPL hod
(06:33
am) skydiver :parallell slows your mac
down also — too heavy or
resources
(06:34 am) skydiver
:monitoring LNKD
(06:34 am) dbeck3
:i agree sky, its always been a little
shaky. ill look up bootcamped, dont
know what that is.
(06:34 am) elisha
:watching FB
(06:34 am) skydiver
:TSLA — watching closely
(06:34 am)
taco :TSLA watch
(06:34 am)
skydiver ::)
(06:34 am)
skydiver :we’re all on same
page
(06:35 am) skydiver
:safm
(06:36 am) skydiver :sorry –
wrong screen
(06:37 am) JoeyTSA :bounce on
NUGT was too quick for me
(06:37 am)
skydiver :missed TSLA bounce – had eyes
elsewhere
(06:38 am) dbeck3 :FB
still going
(06:38 am) JoeyTSA :/ES betwen
1660-63, pp @ 58.75, R1 @ 65.20
(06:39 am)
JoeyTSA :hope you got FB elisha, great
call
(06:40 am) elisha :you are too
modest – you guys gave me the heads up
premarket
(06:41 am) skydiver :TSLA
still strong
(06:41 am) JoeyTSA :TSLA
might try for $170
(06:42 am)
skydiver :I’m thinking that too
joey
(06:49 am) skydiver :NUGT –
going for the 100?
(06:49 am)
skydiver :yep
(06:50 am) JoeyTSA
:great move on NUGT
(06:51 am) JoeyTSA
:DDD strong so far
(06:51 am) JoeyTSA
:another great pullback on QIHU
(06:53 am)
regatta :watching ANR
(06:54 am)
Qwert :nice call on IPI
(06:55 am)
regatta :yes, thanks for IPI
(06:55
am) herman :thanks for mos
(06:58
am) regatta :watching TSL
(07:00 am)
JoeyTSA :interesting first 30
minutes
(07:01 am) skydiver :very
short day for me — early office meetings . .
.see ya all rouind closing today – thanks for
great calls 🙂
(07:01 am) Ed :bery
bery
(07:01 am) Ed :bery bery
interesting
(07:01 am) JoeyTSA :eye on DDD
@ $52
(07:01 am) JoeyTSA :bye
sky
(07:01 am) JoeyTSA :yeah Ed, seems
like some uncertainty?
(07:01 am) Qwert
:cya sky
(07:01 am) skydiver
::)
(07:01 am) taco :bye
sky
(07:02 am) JoeyTSA :at least i know im
uncertain haha
(07:02 am) Qwert :hahaha im
always uncertain
(07:03 am) JoeyTSA
::)
(07:05 am) akram :spex
(07:07
am) elisha :What is possible
explaination for good move up on
(07:08
am) elisha :CELG without
volume?
(07:08 am) JoeyTSA :you got
me
(07:09 am) JoeyTSA :all i know is i am
not trusting things at the moment, so my
profit targets are very small, until things
change..at least in mind
(07:09 am)
elisha :ok
(07:09 am) elisha
:thanks
(07:10 am) JoeyTSA :nice move on
FB there
(07:14 am) dbeck3 :sbux had
a nice quiet move. i missed
it
(07:26 am) elisha :CF wierd warp
drive into a shoebox
(07:26 am) JoeyTSA
:some ok moves, but that had to be the lamest
first hour in a long time
(07:33 am) Ed
:summer time blues
(07:34 am) JoeyTSA
:yeah, time for breakfast, see you in 20
😉
(07:40 am) dbeck3 :Yeah, im gone
for an hour too. lets see if we van get
some action here
(07:40 am) Qwert :new
high on spy
(07:50 am) taco :copper
had a big move /HG
(07:50 am) taco
:09
(07:55 am) Qwert :TSLA new
hod
(08:01 am) JoeyTSA :some nice moves
past 30min
(08:01 am) Ed :jello on plate,
not surprised
(08:02 am) JoeyTSA :i should
go on break more often just for you
🙂
(08:02 am) Ed :then we wold miss ur
calls
(08:02 am) JoeyTSA :thanks
(08:05
am) JoeyTSA :that LNKD move over $140 was
really nice
(08:13 am) Qwert :TSLA on
fire
(08:13 am) JoeyTSA :sure is
(08:19
am) Ed :ton of shorts also in TSLA
(08:20
am) JoeyTSA :yeah, a bunch of analysts
haha
(08:20 am) taco :so this was
potential short squeeze?
(08:20 am) Qwert
:they are certainly feeling the pain if
short
(08:20 am) Ed :the whole move up has
been,
(08:21 am) Ed :Citrong research even
place short position as recent as 2 weeks
ago
(08:21 am) Qwert :32% short as of
7/31/13
(08:21 am) Ed :Citron
(08:21
am) taco :aie carumba
(08:22 am)
JoeyTSA :not a happy bunch of campers
there
(08:22 am) taco :im short
172.08
(08:22 am) Qwert :nice
taco
(08:22 am) taco
:thx:)
(08:23 am) taco :reduce
3/4
(08:23 am) taco :stop
@be
(08:24 am) JoeyTSA :great
trade
(08:25 am) taco :thx, patience
and readiness
(08:25 am) taco :like
yes, i can do this:)
(08:28 am) JoeyTSA
::)
(08:28 am) JoeyTSA :AAPL hod
(08:35
am) JoeyTSA :AAPL still powering
higher
(08:47 am) JoeyTSA :Mitch too quick
today haha
(08:52 am) JoeyTSA :/GC big
pullback too
(08:56 am) taco :DDD
moving down
(08:58 am) JoeyTSA :Ed,
whats avg vol looking like?
thanks
(08:59 am) JoeyTSA :appreciate it
🙂
(08:59 am) Qwert :thx Ed
(08:59 am)
Ed :no problem
(09:08 am) JoeyTSA :time
for workout and lunch, see you all for last 2
hours
(09:17 am) kruse3 :08:46 am
Mitch K: looking for bounce in CL soon.
would this trade have been taken when the
green arrow appeared or sooner?
thanks
(09:21 am) Mitch King:let me look
kruse
(09:23 am) Mitch King:i like to try
to wait for a signal kruse, its lower risk to
wait . it was not a strong bounce but
overall market is weak, low vol, not much
volatility. this will persist all week
and return more toward normal trading late
next week
(09:24 am) Mitch King:we try to
give you a heads up and when we post is
usually not the exact time to make a trade
but we try to give you a warning that a setup
is probably developing
(09:24 am)
kruse3 :thanks for the
explanation
(09:24 am) Mitch King:is your
primary focus futures kruse?
(09:25 am)
Mitch King:welcome to our trading room
kruse
(09:27 am) kruse3 :yes I trade
futures. some stocks but signed up to
try lighten for futures.
(09:28 am)
kruse3 :I trade NG and YM mostly.
been burned too many times on CL
(09:34
am) taco :hi kruse3 welcome
(09:35
am) Ed :kruse 3 welcome
(09:39 am) Mitch
King:yeah kruse, CL is the hardest futures
contract to trade
(09:42 am) herman
:thanx hca murano
(09:44 am) herman
:all out hca
(09:45 am) Murano :covered
all HCA
(09:45 am) taco :nice
one
(10:03 am) taco :TSLA
hod
(10:04 am) taco :GMCR has a
great run nice call Ed
(10:04 am)
taco :from friday..
(10:05 am) Ed
:thx taco
(10:32 am) kruse3 :the
diamond that comes in with the arrow on
Lightening is sometimes farther away or
closer to the arrow. Does this have
meaning?
(10:33 am) kruse3 :I just
watched it with CL and see that is on the
candle not in the air as others
were
(10:38 am) taco :i’m not to
sure kruse, think its the price the signal is
generated at but dont quote me
(10:38 am)
taco :there are tutorials that come
with it
(10:40 am) Qwert :the diamond is
the price it was at when the signal was
generated
(10:40 am) kruse3
:tutorials- I watched them I think but didnt
have the indicator until this morning
so Iwill go back and watch again
(10:40
am) kruse3 :thanks that makes
sense
(10:41 am) Qwert :if you turn on the
stop loss dot it will also show you where the
stop should be to help you see
risk/reward
(10:42 am) taco
:TSLA
(10:52 am) JoeyTSA :welcome to the
room kruse3
(10:52 am) JoeyTSA :/CL sure
not wanting to venture too far away from
$106
(10:53 am) Mitch King:you are right,
very low volatility
(10:54 am) JoeyTSA :it
was $107 overnight, that was my earlier top
res, never came too close
(11:00 am)
JoeyTSA :a bit light huh
(11:01 am) Ed
:yep
(11:01 am) JoeyTSA :and short week
next week, wouldnt even surprise me to see
very low vol on friday
(11:06 am) JoeyTSA
:watching AWAY, but vol light
(11:53 am)
JoeyTSA :almost $10 pullback on TSLA from
highs
(11:57 am) JoeyTSA :NUGT picking up
a bit of vol
(12:02 pm) JoeyTSA :wow, huge
vol spike
(12:06 pm) Murano :covered all
NOW short not
working
(12:10 pm) Qwert :MON still
drifting lower this is the longest ive been
in a trade in a long time lol
(12:10
pm) Qwert :of course i only have 1 share
left
(12:10 pm) Ed ::)
(12:10 pm)
taco :haha
(12:11 pm) Qwert :Ed and
I are sharing it
(12:11 pm) JoeyTSA
:haha
(12:11 pm) Ed :cool
(12:12 pm)
Qwert :I owe you 55cents for your 1/2
Ed
(12:12 pm) Ed :lol
(12:12 pm)
JoeyTSA :at least you are making a trade, im
betting horses to kill time
(12:12 pm)
Qwert :sorry meant 75cents
(12:12 pm) Ed
:even better
(12:14 pm) skydiver
:TSLA – article from Seeking Alpha – –
“Tesla’s Crushing Battery Supply
Constraints. Problem looming for
TSLA to get batteries to put into their new
vehicles . . . not enough in the world to
supply them at this time to support large
production of electric cars — according to
the article
(12:14 pm) JoeyTSA :thx
sky
(12:14 pm) skydiver
::)
(12:14 pm) JoeyTSA :i needed a battery
in the #10 horse last race
haha
(12:14 pm) skydiver :lol joey
🙂
(12:15 pm) Qwert :hahaahah
(12:15
pm) JoeyTSA :cashed the win, missed the
exacta
(12:15 pm) skydiver
:gotcha
(12:15 pm) Murano :it would appear
that I covered NOW a little early.
(12:15
pm) skydiver :I’m short TSLA from
awhile ago . . . hoping it breaks down
further, but . . .
(12:16 pm) JoeyTSA :did
Kerry say something causing that quick
drop?
(12:16 pm) skydiver :I do not
know
(12:16 pm) Ed :just stern words and
speculation now
(12:16 pm) JoeyTSA :oh ok,
thx
(12:16 pm) skydiver :thnx
Ed
(12:16 pm) Qwert :he was talking tough
but no specifics
(12:17 pm) Qwert :i type
to slow
(12:17 pm) taco :/CL
move
(12:18 pm) taco :nice on TSLA
sky and whoever else got in on the
short
(12:19 pm) skydiver :yes . . .
wish I could have caught it earlier, but too
busy at the time with teacher meetings
etc.
(12:19 pm) skydiver :but caught
it at decent price for shorting
(12:19 pm)
JoeyTSA :good job sky
(12:20 pm)
taco :will b good tomorrow am too
likely
(12:20 pm) JoeyTSA
:probably
(12:20 pm) skydiver :I was
going to get out earlier, but got called out
to another emergency meeting . . . jumped
back on to look and it was going my way
🙂 Do not recommend trading that
way
(12:20 pm) taco :lol
(12:21
pm) herman :good call now
murano
(12:22 pm) JoeyTSA :nice pullbacks
on all the big names
(12:22 pm)
skydiver :TSLA – crazy – – maybe
a bottom here? still in my short – thanks Ed
was wondering
(12:22 pm) taco :would
love a washout TSLA
(12:23 pm)
skydiver :would be fun taco
🙂
(12:23 pm) skydiver :retire early
?
(12:23 pm) taco :i need a mulligan
from my micro short in it earlier and not
watching it
(12:24 pm) taco :for
this one
(12:24 pm) skydiver :I’m
covering 3/4 on my TSLA short here
(12:24
pm) skydiver :got another short meeting
to go to . . . be back in 10
(12:35 pm)
Mitch King:i think i missed this but did Carl
QUintanilla switch from CNBC to the Today
Show?
(12:36 pm) Ed :missed it
too
(12:40 pm) Murano :stopped on
EMN
(12:42 pm) taco :/GC over
1400
(12:42 pm) JoeyTSA :dbl bot on
AAPL
(12:44 pm) herman :time to call
aday thank you for the good calls
(12:44
pm) Ed :c ya herman
(12:44 pm) Mitch
King:good job herm
(12:44 pm) JoeyTSA :bye
herman, enjoy the day
(12:45 pm)
taco :cya herman
(12:45 pm) JoeyTSA
:hope someone caught that gold move
(12:48
pm) JoeyTSA :Thanks
Mitch,Ed,DIosna,Murano,Qwert,
everyone
(12:48 pm) JoeyTSA :hope you all
have a great day, see you in the
morning
(12:48 pm) Ed :c ya joey
(12:49
pm) taco :cheers joey
(12:50 pm)
Murano :done for the day, see you
tomorrow
(12:50 pm) Ed :c ya
murano
(12:51 pm) taco :cya
murano
(12:53 pm) victor51 :Ed , big
pull back on most of the stocks after
Kerrey
(12:53 pm) Ed :yes
(12:58 pm)
victor51 :bye Joey
(12:58 pm)
taco :u too Ed
(12:58 pm) Qwert
:good night everyone cya all in the
am
(12:58 pm) taco :thanks Mitch
Diosna Qwert and everyone, see ya in the
morning
(01:03 pm) taco :so he’s
prob short it
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