August 28, 2013, Wednesday
TSA
Moderator Chat
(06:00 am) Ed :for
those that trade futures/currencies
getting lot of action in British Bound and
Euro
(06:01 am) Ed :for currencies any
pairing with British poiund futures 6b and
6e
(06:01 am) Ed :Carney has been speaking
last 30 minutes
(06:01 am) Mitch King:we
are in strong uptrend with CL 10 so buy on
the dip is best strategy, not selling
short
(06:02 am) Ed :currency pairing
GBP/USD GBP/JPY and so on
(06:02 am)
Ed :(UK) BOE Gov Carney: Hitting the 7%
unemployment target will not automatically
trigger higher rates; BoE is prepared to ease
further if needed, but will not hesitate
increase rates either – comments from
Nottingham, England – Move up in market
expectations for a rate hike could affect the
real economy. – There is only more…
(related GBP/USD EUR/GBP BARC.UK RBS.UK
STAN.UK GBP/JPY GILTS XLF EWU IXG GBP/EUR BCS
RBS SCBFF 2888.H-
(06:03 am) Mitch
King:uptrend weakening in CL
(06:08 am)
Mitch King:looking for bounce in CL
(06:11
am) Ed :09:11 (UK) BOE’s Carney: The BoE’s
core responsibility remains the 2% inflation
target –
(06:19 am) Mitch :August
28, 2013 Wednesday Pre Market up:
ASTX, GOLD, TSLA, AVGO,
NFLX, SOHU, QCOR, SDRL, Pre
Market Down: RYAAY, JOY, QIHU, BUD,
ORLY,
(06:23 am) Mitch King:that means
dont short but buy on dips in CL
(06:23
am) Mitch King:uptrend in CL
starting
(06:28 am) JoeyTSA :eye on
QIHU
(06:31 am) JoeyTSA :watching
INCY,CRUS
(06:32 am) Mitch :watching
DLPH
(06:33 am) Qwert :monitoring
JOY
(06:33 am) Mitch King:monitoring
SWKS
(06:33 am) Mitch King:watching NUGT
for top to short, take time
(06:34 am)
Mitch :watching JBHT
(06:34 am) Mitch
King:watching KRFT drop, no hurry
(06:35
am) Ed :SPY new lod
(06:36 am) Mitch
:monitoring SOHU
(06:36 am) JoeyTSA :eye
on SOHU
(06:38 am) Mitch King:watching
AMAP for top to short, take time, no
hurry
(06:38 am) JoeyTSA :also keeping CRM
up, earnings tomorrow
(06:39 am) Mitch
King:watching AVGO for bottom, take
time
(06:39 am) Mitch
King:microshort
(06:39 am) Mitch
King:watching DUST for short
(06:40 am)
Mitch King:CL uptrend weakening
(06:40 am)
Mitch :watching LVS
(06:40 am) Mitch
King:monitoring OMX
(06:40 am) Mitch
:monitoring AVGO
(06:42 am) Mitch
King:watching UVXY for bottom
(06:43 am)
JoeyTSA :NVE
(06:43 am) Mitch :watching
DSW
(06:43 am) JoeyTSA :Pending Home Sales
in 15 min @ 7pdt
(06:45 am) JoeyTSA :eye
on /CL to see if $110 holds
(06:47 am)
Mitch King:watching CL 10 for bottom to
buy
(06:47 am) Mitch King:watching INVN
for bottom to buy
(06:47 am) JoeyTSA
:tighten AAPL if long
(06:49 am) Mitch
King:CL 10 should turn up here
(06:50 am)
Mitch King:watching DLR for short, taking
time
(06:51 am) Mitch King:monitoirng
CONN, late to see
(06:52 am) Ed :if anyone
took 6B short would cover
(06:52 am) Ed
:US$ trading at days highs
(06:53 am) Ed
:Carney is doing Q & A
(06:53 am)
Mitch :watching TSLA for bottom
(06:56 am)
JoeyTSA :watching QIHU again
(06:56 am) Ed
:US) Preview: July Pending Home Sales
expected at 10:00 ET (14:00 GMT) **Consensus
expectation: – MoM: 0.0%e v -0.4% prior –
YoY: 7.9%e v 9.1% prior
(07:00 am) Ed :so
basically little worse than expected not
much
(07:00 am) Ed :*(US) JULY PENDING
HOME SALES M/M: -1.3% V 0.0%E; Y/Y: % V 7.9%E
– Prior MoM revised XXX from -0.4% to % –
Prior YoY revised XXX from 9.1% to % – No
revisions
(07:03 am) JoeyTSA :eye on
GMCR fro next upmove
(07:06 am) Murano
:watching TSLA
(07:07 am) Mitch King:TSLA
trying to bounce
(07:10 am) JoeyTSA :eye
on WDAY
(07:25 am) JoeyTSA :Crude Inv in 5
min
(07:33 am) Ed :*(US) DOE CRUDE: +2.99M
V -0.5ME; GASOLINE: -587K V -1ME; DISTILLATE:
-316K V +0.5ME
(07:46 am) Qwert
:monitoring JCP
(08:04 am) Mitch
King:should be decent bounce in CL
(08:05
am) Murano :watching CELG
(08:14 am)
JoeyTSA :GMCR still climbing from earlier
mention, might be tiring here
(08:24 am)
Murano :watching JOY
(08:32 am) Mitch
King:monitoring GAS,
(08:33 am) Mitch
King:that just sounds bad
(08:59 am) Ed
:new highs on markets
(09:06 am) Ed
:Market Internals update at 12:00ET – NYSE
volume 201M shares, about 21% below its
three-month average; advancers lead decliners
by 1.6:1. – NASDAQ volume 598M shares,
about 17% below its three-month average;
advancers lead decliners by 1.9:1. –
VIX index -3% at 16.27
(09:21 am) Ed :that
was from earlier
(09:21 am) Ed :TSLA
Hearing weakness attributed to vague chatter
regarding battery problems
(10:03 am)
Mitch King:QIHU looks toppy taco
(10:21
am) Mitch King:excellent trading in CL 10
today, just really good
(10:23 am) Murano
:watching IMGN
(10:24 am) Ed :IMGN Enters
TAP technology licensing agreement with
Lilly; potentially worth up to $200M plus
other royalties – filing
(11:02 am) Ed
:Market Internals update at 14:00ET – NYSE
volume 285M shares, about 21% below its
three-month average; advancers lead decliners
by 1.8:-
(11:03 am) Ed :NASDAQ volume 856M
shares, about 18% below its three-month
average; advancers lead decliners by
1.9:1. – VIX index -3.5% at 16.19
(11:06 am) Ed :RRD quick
spike
(11:32 am) Murano :watching
WSM
(11:34 am) Ed :14:34 WSM Reports Q2
$0.49 v $0.47e, R$942M v $940Me – Guides Q3
EPS $ v $0.55e, R$1.02-1.04B v $1.0Be –
Guides FY13 $ v $2.80e, R$B v $4.28Be
–
(11:44 am) JoeyTSA :eye on
NUGT
(11:45 am) Ed :see if anything comes
of it
(11:45 am) Ed :WLP got
spkie
(11:55 am) Ed :also the release was
not a formal one
(11:55 am) Ed :WSM halted
news pending
(12:01 pm) Ed :now we have
formal release of the WSM numbers that were
released
(12:02 pm) Ed :/GC close to
losing lows of day
(12:52 pm) Ed :nice
pulback on markets going into close
(12:58
pm) Mitch King:let me switch to 482 and
notice these circled signals
disappear
(12:58 pm) Mitch King:This is CL
10-13 using Lightning Bars with settings of
362
(12:59 pm) Mitch King:this is 482 but
i prefer 362 most of the time along with 1
min chart
(01:00 pm) Ed :have great
evening traders
| August 28, 2013, Wednesday
TSA User
Chat
(05:23 am) dbeck3 :morning
guys
(05:26 am) taco :hey dbeck joey
qwert
(05:30 am) dbeck3 :another big
day…..it was crazy to see Oil up at
112!
(05:31 am) taco :yes, keep stop
losses in good spots
(05:33 am) taco
:if someone launches a strike futures will
move fast
(05:34 am) dbeck3 :and
this has other consequences. If other
countries start getting involved, these
futures will see some mad levels
(05:38
am) JoeyTSA :Good morning Qwert,
dbeck,gum,taco,toby
(05:38 am) JoeyTSA
:Pending home sales @ 7pdt, crude oil inv @
7:30pdt
(05:43 am) Qwert :Good morning
Joey, dbeck, gum, taco, toby
(05:43 am)
Qwert :Joey you have any issues with
lightspeed this am?
(05:44 am) JoeyTSA
:not noticing any, but havent entered a trade
yet..whats goign on with yours?
(05:45 am)
Qwert :Just my level2 and level3 on some
nasdaq stocks were blank been on the phone
with them for 30 mins but now it seems to be
fixed
(05:46 am) JoeyTSA :only time that
ever happened to me, i just closed it and
re-opened, what did they say was the
issue?
(05:47 am) Qwert :part was because
i was on an old version and part was
something they said they had to
switch
(05:48 am) JoeyTSA :cant remember
when the last update came thru?
(05:49 am)
Qwert :if you click on the little C it will
tell you if you are up to date
(05:49 am)
JoeyTSA :thx, yeah not up to date
haha
(05:49 am) Qwert :I am now on version
8.0.35
(05:50 am) JoeyTSA :i will do that
after the market closes
(05:50 am) Qwert
:was like several versions older
(05:50
am) JoeyTSA :yeah looks like i am 8,0,20.0-64
haha
(05:51 am) Qwert :iwas
8.0.10
(05:51 am) JoeyTSA :dont ever
remember getting an update message
(05:51
am) Qwert :neither did i
(05:51 am)
JoeyTSA :something else i have to remember
myself now haha
(05:52 am) JoeyTSA :early
gap down: QIHU,JOY
(05:53 am)
JoeyTSA :early gap up: AVGO,EXPR,NUGT,SDRL-
could be buyout?
(05:53 am) JoeyTSA :TSLA
gap up too
(05:53 am) taco :thx
joey
(06:00 am) chinhngo :good
morning to joey and taco
(06:00 am)
taco :gm chin
(06:00 am) taco
:what are those symbols ed? gm too
(06:02
am) chinhngo :tsla go up so far too
much and too fast
(06:02 am) JoeyTSA :thx
Ed
(06:08 am) Murano :good
morning
(06:08 am) JoeyTSA :that was great
pullback on /CL
(06:13 am) herman
:gm all
(06:17 am) JoeyTSA :/CL a bit wild
today, use caution if you are going to
play
(06:18 am) skydiver :gm
all
(06:20 am) JoeyTSA :/CL R1 is 109.47,
R2 is 109.93
(06:23 am) JoeyTSA :eye on
/ES range of 1626-30
(06:24 am)
chinhngo :thank you mr mitch and joey
now more clearly to understanding
(06:27
am) JoeyTSA :/GC coming up to test
pp
(06:27 am) taco :nice/GC bounce
too
(06:27 am) JoeyTSA :nice move from pp
down to S1, back to pp
(06:30 am)
elisha :gm all
(06:31 am)
skydiver :TSLA broke thru 170
(06:31
am) skydiver :for a moment
(06:33
am) JoeyTSA :AAPL trying to get back to
$490
(06:34 am) JoeyTSA :JOY moving on
earnings release today
(06:37 am)
regatta :watching INVN
(06:38 am)
skydiver :thnx for QIHU
joey
(06:42 am) JoeyTSA :no prob $ky
🙂
(06:42 am) skydiver ::)
(06:42
am) JoeyTSA :nice chart on MRO
(06:43 am)
JoeyTSA :nice pop on markets past 5-7
minutes
(06:43 am) skydiver :thnx
joey for info
(06:43 am) regatta
:watching NVE
(06:44 am) JoeyTSA :good one
regatta
(06:44 am) skydiver :nice
regatta and joey on NVE
(06:44 am) JoeyTSA
:big vol for only 40c move
(06:45 am)
JoeyTSA :NV energy is our local power
company, pretty sure thats the one Buffet
invested in?
(06:46 am) JoeyTSA :AAPL hod
🙂
(06:47 am) JoeyTSA :if markets continue
upmove, wouldnt surprise me to see AAPL try
for $500
(06:51 am) skydiver
:Seeking Alpha news flash = Technical signal
suggests end of correction near == take that
for a grain of salt of course, but just
popped up on my system
(06:51 am) JoeyTSA
:thx sky
(06:52 am) skydiver
::)
(06:52 am) JoeyTSA :nice of bernanke
to tweet on seeking alpha
haha
(06:53 am) skydiver :good one
joey 🙂
(06:56 am) JoeyTSA :CREE trying
for hod
(06:57 am) JoeyTSA :eye on AFOP,
lower vol but hits my scanner
everyday
(07:00 am) JoeyTSA :thx
Ed
(07:00 am) taco :thx ed
(07:01
am) skydiver :thnx Ed and with
explanation 🙂
(07:01 am) JoeyTSA :still
wondering how many of these home sales are
people actually moving in, or fund
investors
(07:01 am) Ed :many
foreigners
(07:01 am) JoeyTSA :yeah, thats
what i hear too
(07:02 am) JoeyTSA :of all
my friends, i dont know any who have either
recently got a new job or new home
(07:02
am) skydiver :wow TSLA — wish I had
shorted it . . .will watch closer for bounce
now
(07:03 am) taco :PP165.6
TSLA
(07:03 am) skydiver :thnx
taco
(07:03 am) Mitch King:joey, i dont
have any gauge because i have no
friends
(07:03 am) JoeyTSA :indices
looking a bit weak, see if they can
hold
(07:04 am) taco :lol
(07:04
am) JoeyTSA :hahha
(07:06 am)
skydiver :I think lots of eyes on TSLA
🙂
(07:10 am) JoeyTSA :had WDAY up earlier
and took it off, big mistake, oh
well
(07:12 am) skydiver :come on
TSLA bounce anytime would be nice
(07:13
am) JoeyTSA :there ya go sky
(07:14 am)
skydiver ::)
(07:16 am)
skydiver :3/4 out on TSLA
long
(07:17 am) taco
:beauty
(07:17 am) skydiver :tight
stop on remaing 1/4 on TSLA long
(07:18
am) skydiver :all out of TSLA
long
(07:18 am) skydiver :will keep
TSLA up on main screen
(07:19 am) JoeyTSA
:looks like another day i am using tighter
targets
(07:20 am) JoeyTSA :QCOR makking
ok moves
(07:21 am) skydiver :wow –
forgot I was in KORS long . . . bad sky bad
sky
(07:21 am) JoeyTSA :haha
(07:21 am)
taco :lol
(07:21 am) skydiver
:too zoned in on TSLA
(07:21 am)
skydiver :okay all out of KORS long
here
(07:21 am) skydiver :time for
coffee
(07:21 am) JoeyTSA :when that
happens, its just like when you see flashing
lights in the rearview..heart starts
pounding haha
(07:22 am)
skydiver :sweaty hands too
(07:22
am) taco :oh man even if i hear siren
it starts haha
(07:22 am) skydiver
::)
(07:22 am) JoeyTSA :last thing you
want is that when you shut down for the day
🙂
(07:22 am) skydiver :that would
be bad
(07:23 am) JoeyTSA :happened to me
a while back, worked out profitably, but
didnt like that feeling
(07:23 am) JoeyTSA
:have ninjatrader set to close all positions
5 minutes before end of day now
(07:23 am)
JoeyTSA :should see if i can do that on all
platforms
(07:23 am) skydiver :I
guess . . glad it worked out for you . . good
idea on that joey
(07:24 am)
skydiver :going to take short break to
get coffee 🙂
(07:24 am) JoeyTSA
:enjoy
(07:24 am) taco :oil
inventory soon i think
(07:24 am)
skydiver :and wipe sweat of brow
🙂
(07:24 am) taco :cya
sky
(07:24 am) skydiver
::)
(07:32 am) JoeyTSA :Crude came
in @ 3M, with .5 expected
(07:32 am)
JoeyTSA :break time, see you in 20
(07:33
am) taco :thx joey enjoy
(07:57 am)
taco :markets on nice run
(07:57 am)
taco :SPY and /ES
anyways
(08:20 am) Murano :covered 3/4
CELG
(08:25 am) JoeyTSA :nice pop on
JOY
(08:25 am) Murano :covered last 1/4
CELG
(08:25 am) JoeyTSA :i think JOY had
mixed earnings
(08:33 am) Qwert
:lol
(08:33 am) taco :how bad is it?
lol
(08:37 am) JoeyTSA ::)
(08:39 am)
Murano :covered 3/4 JOY
(08:40 am) JoeyTSA
:GMCR beauty of a chart, been riding the 15ma
all morning
(08:40 am) Qwert :nice trade
Murano
(08:42 am) Murano :thanks
qwert
(08:45 am) Murano :covered last 1/4
JOY
(08:46 am) JoeyTSA :nice going murano,
at least you are getting something
🙂
(08:46 am) JoeyTSA :the last symbol my
scanner gave me was BORING
🙂
(08:46 am) taco :just noticed
TSLA
(08:46 am) JoeyTSA :/CL actually gave
a decent trade though
(08:47 am)
taco :ya its been great
(08:47 am)
Qwert :hahaahah
(08:53 am) Murano :I think
I am overly cautious today. Covered JOY
way early.
(08:53 am) JoeyTSA :cant blame
you Murano
(08:54 am) taco
:agree
(08:55 am) regatta :watching
SCTY
(08:55 am) JoeyTSA :i think next year
i am taking my vacation the 10-14 days
leading up to Labor Day
(08:56 am) JoeyTSA
:right after main earnings releases and
before volume comes back to the
market
(08:56 am) Murano :August is tough
trading for stocks.
(08:56 am) JoeyTSA
:yeah, will schedule trading breaks around
those slower times
(08:57 am) Murano :But
/CL has some good trades
(08:58 am)
JoeyTSA :with world tension, /Cl should have
some volatility to it
(08:58 am) Murano :I
have been trading smaller positions, 300 to
500 shares.
(08:59 am) JoeyTSA :same here,
esp this time of day..if i even trade
now
(09:02 am) Murano :TFM earnings after
close today
(09:20 am) JoeyTSA :decent
move on QIHU off tri bot
(09:21 am)
JoeyTSA :thx Ed
(09:31 am) JoeyTSA :time
to do some running around, see you for final
2 hours
(09:36 am) taco :cya
joey
(10:02 am) taco :QIHU still
runing
(10:04 am) taco :right thanks
Mitch, indicators are all tops
(10:07 am)
taco :watching/CL for possible lower
lows
(10:22 am) Ed :guess be careful what
u ask for, last week due to slow activity I
said we needed a war or rumor of war to creat
some volatility
(10:22 am) Qwert :thats
right Ed I remember
(10:23 am) Ed :oops
will keep quiet
(10:23 am) Qwert :can u
ask for me to win the lotto?
(10:23 am) Ed
:how about the two’s of us
(10:24 am)
Qwert :thats fine as long as im
included
(10:24 am) Ed :nice
murano
(10:34 am) Murano :covered all
IMGN
(10:34 am) Qwert :thx Murano for
IMGN
(10:35 am) taco :yes thx
murano
(10:42 am) herman :good call
murano
(10:58 am) JoeyTSA :QIHU good one
today
(11:03 am) JoeyTSA :thx Ed
(11:03
am) Qwert :its so slowwwww
(11:03 am)
taco :thx ed
(11:04 am) Qwert :JOY
back thru open
(11:05 am) JoeyTSA :thats
why you need to learn to play the horses
qwert haha
(11:05 am) Qwert :okay im
ready haha
(11:09 am) Qwert :dont
see any news on RRD
(11:15 am) Ed :quick
spike and died
(11:16 am) JoeyTSA :oops,
my thumb hit the button by accident
haha
(11:16 am) Qwert :yeah no volume on
rrd
(11:23 am) Ed :give heads up next time
joey so we can have an order
waiting
(11:23 am) JoeyTSA ::)
(11:24
am) JoeyTSA :had i knows, i would have also
given you the 3 – 3 double at Saratoga
too 🙂
(11:24 am) Ed :i thought it was
almost 4 est
(11:25 am) JoeyTSA :last few
days hav been brutal
(11:26 am) JoeyTSA
:funny how /CL tend to get that last 10 min
movement before pit close
(11:32 am)
JoeyTSA :WSM earnings
(11:32 am) Murano
:must have leaked early
(11:35 am) Qwert
:thx Ed
(11:35 am) Ed :looks like it
did
(11:35 am) Ed :intentional
one
(11:35 am) herman :good call
again murano thanx
(11:37 am) Ed :nice
call murano
(11:41 am) Murano :covered all
WSM
(11:42 am) JoeyTSA :very good
trade
(11:42 am) Murano :sometimes the
blind squirrel finds the acorn
(11:43 am)
skydiver :love your statememt Murano
🙂
(11:43 am) JoeyTSA ::)
(11:43 am)
Qwert :you find a lot of acorns
:))
(11:44 am) Qwert :QIHU still filling
the gap
(11:45 am) JoeyTSA :NUGT $4 drop
past 15 minutes or so
(11:53 am)
herman :the golden acorn
(11:53 am)
JoeyTSA :im still blind squirrel
(11:55
am) herman :i cant even find an acorn
looking in the wrong trees
(11:56 am)
JoeyTSA ::)
(12:00 pm) taco :joey,
the pit for all futures closes at
2:30?
(12:00 pm) taco :or just
/CL
(12:00 pm) JoeyTSA :not sure if only
/CL, /GC shuts down at
10;30pdt
(12:01 pm) Ed :im confused
now
(12:01 pm) Ed :lol
(12:03 pm)
JoeyTSA :taco, i go by
this…
(12:03 pm) JoeyTSA
:http://www.barchart.com/futures/specificatio
ns.php
(12:04 pm) taco :thank you, i
had that when you posted it b4, had computer
cleaned since
(12:04 pm) JoeyTSA :gives
tick values also which is nice
(12:04 pm)
JoeyTSA :no prob
(12:04 pm) taco :so
even though pit closes they still
trade
(12:04 pm) taco :just lower
volume?
(12:04 pm) Ed :yes electronic
trading as they say
(12:05 pm) JoeyTSA
:yeah, goes to electronic trading
(12:05
pm) Ed :just be sure to be out of everything
30 minnutes prior to 5pmest
(12:05 pm)
JoeyTSA :thats a good link to save to
favorites
(12:05 pm) taco :yse
booked it
(12:06 pm) taco :then the
margin switches to overnight right?
(12:06
pm) taco :ed
(12:06 pm) Ed
:correct
(12:06 pm) taco
:ty:)
(12:07 pm) taco :good to
know
(12:07 pm) JoeyTSA :some margins
really jump high so be careful
(12:07 pm)
taco :then after 6 margins are normal
again right?
(12:07 pm) JoeyTSA :honestly
not sure
(12:07 pm) taco
:ok
(12:08 pm) Ed :yes they are normal
again 6pm est
(12:08 pm) JoeyTSA :Ed might
know, i mainly trade during the
day
(12:08 pm) JoeyTSA :Ed doesnt sleep,
so he knows 🙂
(12:08 pm) Ed
:lol
(12:08 pm) taco :haha i was up
at 4 watching oil
(12:08 pm) taco
:went back to sleep luckily
(12:08 pm)
JoeyTSA :QIHU back over $79
(12:10 pm)
Murano :WSM trading
(12:26 pm) JoeyTSA
:Would love to stay until market closes, buti
see a blade of grass trying to grow, so will
go watch that for excitement haha
(12:26
pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano,Qwert,everyone
(12:
26 pm) Qwert :haahahah
(12:27 pm) JoeyTSA
:enjoy your day, see you all tomorrow
🙂
(12:27 pm) Qwert :cya joey
(12:27
pm) Murano :see you Joey
(12:28 pm)
taco :cya joey
(12:28 pm) Ed :c ya
joey
(12:34 pm) herman :bye
joey
(12:38 pm) taco :thanks Mitch
Ed Diosna Qwert Murano and everyone else too.
Have a great rest of your days. See you in
the am
(12:39 pm) Qwert :bye
Taco
(12:40 pm) Murano :see you
Taco
(12:46 pm) herman :bye
taco
(12:51 pm) Murano :done for the day,
see you tomorrow
(12:51 pm) Qwert :Bye
Murano cya in the am
(12:58 pm) Qwert
:nice chart mitch
(01:09 pm) Qwert :good
night everyone
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