Pre Market Up: FINL, YHOO, NKE, RDA,
NUGT, Pre Market Down: JCP, LL,
ZOLT, AAPL, LNKD, FU, TSLA, RIO,
UAL,
(06:17 am) Ed :LL Weakness attributed
to local press report Federal investigators
have raided a Lumber Liquidator store in
Virginia – Local news reports suggest the
reason for this raid is that protected wood
was being illegally imported
(06:23 am) Ed
:LL halted new pending
(06:24 am) Ed :news
pending
(06:31 am) Mitch :watching
FU
(06:31 am) JoeyTSA :eye on
FSLR,QCOM
(06:31 am) Qwert :watching
NKTR
(06:32 am) Mitch :watching
DQ
(06:33 am) JoeyTSA :eye on
ACN
(06:33 am) Mitch :watching
EBAY
(06:35 am) Mitch King:watching RPTP
for top, take time
(06:35 am) JoeyTSA
:watching CLDX for bottom
(06:35 am) Mitch
King:watching MKC for bottom
(06:36 am)
Mitch King:monitoring NUS
(06:37 am) Mitch
King:watching CSIQ, no hurry,
(06:37 am)
JoeyTSA :SOHU nice move, been a good mover
recently
(06:38 am) Mitch :watching
GMCR
(06:38 am) Qwert :watching
BIDU
(06:39 am) Mitch King:NUS
bouncy
(06:14 am) Mitch :September 27,
2013, Friday
(06:41 am) JoeyTSA :eye on
THO for potential breakout
(06:42 am)
Mitch :watching PCYC
(06:42 am) Mitch
King:monitoring WPRT
(06:44 am) JoeyTSA
:tighten FSLR if long
(06:44 am) Mitch
King:PCYC strong, looks like a trender
up
(06:47 am) Mitch King:watching NKE for
bottom
(06:49 am) Mitch :watching
YOKU
(06:49 am) Mitch King:watching ECA
for top, take time
(06:50 am) Mitch
King:watching ALR for bottom
(06:52 am)
JoeyTSA :tigthen THO if you got it
long
(06:57 am) Mitch King:solar stocks
hot today: FSLR, TSL, JASO,
(06:59
am) Ed :markets very choppy right
now
(07:03 am) JoeyTSA :/ES trying to hold
S2, 1680 area
(07:14 am) Qwert :monitoring
IGT
(07:14 am) JoeyTSA :LL open
(07:14
am) Ed :LL open
(07:17 am) Mitch King:odds
are LL moves up
(07:17 am) JoeyTSA
:tighten JASO if you took that pullback
long
(07:22 am) Mitch King:will take a
while, 20-40 min
(07:22 am) Mitch
King:important sell signal with CL
11-13
(07:23 am) Qwert :monitoring
NKTR
(07:23 am) Mitch :all time high
TSLA
(07:23 am) Mitch :TSLA
(07:29 am)
Qwert :watching DXCM
(07:37 am) Mitch
King:stopped on first CL sell signal posted,
still watching for another sell
signal
(08:38 am) JoeyTSA :markets getting
a pop
(09:04 am) Mitch King:monitoring
HRB
(09:06 am) JoeyTSA :nice pullback on
/CL
(09:16 am) JoeyTSA :eye on
CERN
(09:17 am) JoeyTSA :/CL trying to
hold pp
(09:29 am) Mitch King:CERN
toppy,
(09:41 am) Mitch King:looking for
CL bounce
(09:43 am) Mitch King:monitoring
RKT
(09:55 am) JoeyTSA :tigthen CERN if
long
(09:55 am) JoeyTSA :ADP vol
spike
(10:27 am) Mitch King:going to be a
while before sell signal on CL, not sure how
long but awhile
(10:35 am) Mitch King:i
wouldnt buy though, just commenting on
existing long position with CL
(10:35 am)
Mitch King:CL just starting to get a little
momentum, should be quite a bit mroe
upside
(10:36 am) Mitch King:if you have
more than 1 contract, what I like to do is
sell along the way but market isnt real
volatile since Syria problem is
over
(10:37 am) Mitch
King:102.93
(10:37 am) Mitch King:right
here is where I would sell 1 contract if you
had more than 1
(10:37 am) Mitch King:this
area 102.03
(10:38 am) Mitch King:but i
see quite a bit more upside overall on
this
(10:39 am) Mitch King:that aint
confucius either, just being
practical
(10:39 am) Mitch King:you might
think it is odd I suggest to sell gradually
as CL moves up but it is a risk
management. if you only think in terms
of profits, you will be exposing yourself to
losses
(10:41 am) Mitch King:ok qwert,
just something to think about, CL came down
125 ticks and a 17 tick bounce isnt
much.
(10:44 am) Mitch King:ok qwert,
something else to think about in this type of
trade setup . . . you can pick your price to
sell that first contract. there is no
hurry to sell it, sell above ask a couple
ticks, you will get it most of the time after
such a big drop
(10:45 am) Mitch King:and
the higher it goes, the closer the trailing
stop gets
(10:45 am) Mitch King:i trail
stop qwert
(10:48 am) Mitch King:see
how it rebounds 2-3 ticks, thats why i say
you can get your limit price 1-2-3 ticks
above ask price most of the time. at
end of the day that saves you 300-400 bucks
in price improvement
(10:50 am) Mitch
King:ok you see that red candle at 10:47am
pacific that i said is a problem? that
was a short term clue we probably hit a
top
(10:47 am) Mitch King:ok qwert, this
last candle is a problem, it is probably
turning over but try to get slight rebound to
get better price or outright sell is ok, i
like to sell at ASK most of the
time
(10:53 am) Mitch King:the odds are
that is all we are going to get out of that
bounce, almost 50 ticks bounce from low to
high
(10:54 am) Mitch King:on CL, GC,
NG
(10:54 am) Mitch King:i pretty much
stop for the day at this point. I have
been trading fewer transactions but for much
bigger profits per trade
(11:01 am) Ed
:Market Internals update at 14:00ET – NYSE
volume 320M shares, about 7% below its
three-month average; decliners lead advancers
by 2.5:1. – NASDAQ volume 1.08B shares,
about 8% above its three-month average;
decliners lead advancers by 1.4:1. –
VIX index +8% at just over 15.00
(11:38
am) JoeyTSA :closer eye on CERN
(11:59 am)
Ed :Obama will be speaking at 3:30est on
fiscal issues
(12:00 pm) Ed :rather fiscal
situation
(12:43 pm) Ed :Obam speaking
now
(12:59 pm) Ed :have a great weekend
traders
(01:03 pm) Mitch King:see you guys
and girls
| (05:34 am) Qwert :Good morning Joey, coney3,
electrader, gum regatta
(05:44 am) JoeyTSA
:Good morning Qwert, traders
(05:44 am)
JoeyTSA :only reports coming up are the UofM
#’s @ 6:55pdt
(05:46 am) JoeyTSA :early
gap down:
LL,LNKD,NKTR,AAPl,ZOLT,CLVS
(05:47 am)
JoeyTSA :early gap up:
NKE,FINL,NUGT,GLD,RDA,FL
(05:47 am)
taco :Gm Qwert Joey and all thx for
gaps and info joey
(05:47 am) Qwert
:JCP already over 30million shares
traded
(05:47 am) JoeyTSA :crazy
(05:49
am) JoeyTSA :/ES in tight range, between 1684
and S1 ( 1686.50 )
(05:50 am) coney3
:gm
(05:50 am) JoeyTSA :gm
coney3
(05:50 am) JoeyTSA :/TF also trying
to hold S1 in the 1070 area
(05:56 am)
rd :GM to all. Hope this is a fabulous
friday for all of you. still just watching a
paper trading.
(05:57 am) JoeyTSA :i hope
so too rd 🙂 Its been a weird
trading week
(05:59 am) rd :i
shorted jcp and zolt yesterday but closed at
eod. JCP paid buy zolt would not break down.
even for the week so far. want to end up a
few $$ for the psyche.
(06:00 am) JoeyTSA
:and look at ZOLT now
(06:01 am) rd
:yeah i got that when i logged in. Need to
trust myself a little bit.
(06:02 am)
JoeyTSA :easy to see in hindsight
(06:04
am) rd :agree. but sometimes fear of
loss overides need to win.
(06:04 am)
JoeyTSA :amen, but i still like to be
flat eod
(06:05 am) rd :thats why i
flattened.
(06:14 am) JoeyTSA :thx
Mitch
(06:14 am) taco :thx
Mitch
(06:17 am) JoeyTSA :thx Ed
(06:17
am) rd :thx
(06:18 am) Ed :actually
both stores that were raided witing 30
minutes of me
(06:18 am) JoeyTSA :they
have had a heck of a run past 2 yrs
(06:19
am) Ed :the key is right now, is tht its an
investigation
(06:20 am) JoeyTSA :too bad
the nsa didnt tip me off yesterday
🙂
(06:22 am) Ed ::)
(06:24 am) JoeyTSA
:this should be good
(06:25 am)
skydiver :gm all
(06:25 am) JoeyTSA
:eye on NKE @ $75, just watching
(06:25
am) JoeyTSA :hey sky
(06:26 am) JoeyTSA
:sky, whats the word from above today
🙂
(06:27 am) skydiver :Trust
🙂
(06:28 am) herman :gm
all
(06:28 am) doji :Good
day
(06:28 am) JoeyTSA ::)
(06:28 am)
doji :Watching FB for swing… if it
holds above $50
(06:32 am) skydiver
:monitoring TSLA
(06:34 am) JoeyTSA :ACN
looks to have had some kind of news
(06:42
am) JoeyTSA :indices making lower highs so
far
(06:45 am) JoeyTSA :yeah Mitch, PCYC
was on my list yesterday, forgot about it
today
(06:48 am) JoeyTSA :eye on AMZN for
potential bottom, been trending down so
far
(06:54 am) JoeyTSA :JASO decent move,
nice looking chart, not in it sadly
(07:01
am) skydiver :ipo – RNG open
(07:02
am) JoeyTSA :QIHU making ok moves
(07:05
am) JoeyTSA :missed decent move on
/GC
(07:07 am) JoeyTSA :eye on /CL see if
$103 holds
(07:15 am) JoeyTSA :nice move
on /CL
(07:24 am) regatta :watching
IGT
(07:26 am) regatta :watching
HALO
(07:27 am) JoeyTSA :missed nice move
on CELG
(07:28 am) JoeyTSA :nice trading
so far, break time see you in 45
(07:28
am) taco :u look too skinny eat
something 😉
(07:29 am) skydiver
:enjoy eating joey
(07:45 am)
skydiver :ipo – ENZY now open
(08:06
am) Ed :nice one on DXCM
(08:08 am)
skydiver :taking a 20 minute
break
(08:08 am) taco :enjoy
sky
(08:10 am) Qwert :thx Ed
(08:16 am)
Ed :still holding 1/4 of it
(08:22 am)
JoeyTSA :ACAD hod, nice steady move
(08:51
am) rd :heading out to an appt. Hope
you all have a great wkend.
(08:51 am) Ed
:c ya rd
(08:51 am) taco :u2
rd
(08:51 am) JoeyTSA :enjoy rd
(08:59
am) gum :Quert, thanks for
NKTR
(09:05 am) JoeyTSA :i was like ” what
the heck happened to TSCO? ” then
realized it must have been a split
haha
(09:06 am) Ed :mee too
(09:07 am)
JoeyTSA :threw me off for a second, esp since
its been a decent one
(09:09 am) gum
:Quert, Thanks DXCM
(09:10 am) Qwert :glad
u got them Gum :))
(09:12 am)
gum :Mitch, Thanks for YOKU
(09:16
am) JoeyTSA :CERN had nice breakout
(09:55
am) Qwert :CERN is a beast
(09:56 am)
JoeyTSA :yeah, wished i grabbed it on initial
break over $49
(09:57 am) Ed :and Diosna
pulled up chart in room before she went to
lunch at 12
(09:57 am) Ed :price was
49
(09:57 am) JoeyTSA :did you catch it
there?
(09:57 am) Ed :no, long at
50
(09:58 am) JoeyTSA :still good
price
(09:58 am) Ed :did not get whole
move
(09:58 am) Qwert :yeah nice entry
Ed
(09:58 am) skydiver :nice one
Ed
(09:58 am) Ed :took profits and played
the levels
(09:58 am) Ed :levels being 51,
52
(09:59 am) skydiver :good
strategy Ed
(09:59 am) JoeyTSA :they make
great targets
(10:00 am) JoeyTSA
:depending on chart scaling, the 50c levels
are good also
(10:00 am) skydiver
:news Cern announced partnership with
Intermouintain Healthcare
(10:00 am)
skydiver :old news now of
course
(10:08 am) JoeyTSA :early lunch
break, see you in 45, nice
trading
(10:08 am) skydiver :Well,
my time is up =-= have a funeral to attend
for my Uncle in Salem Oregon — see you all
Monday
(10:08 am) taco :c ya sky,
sorry to hear about your uncle.
(10:23 am)
Ed :c ya sky
(10:30 am) Qwert :Im long /CL
with you mitch thx
(10:38 am) Qwert
:I already sold 1 of the 2 i had at
102.68 was to early
(10:40 am) Qwert
:i got long at 102.51
(10:40 am)
taco :thx Mitch makes sense
(10:42
am) Qwert :yes i just have a hard time trying
to decide how aggressive to be with 1st tgt.
or in the past when i trade 1
contract
(10:43 am) Qwert :Mitch where do
you have your stop at for the remaining
position?
(10:46 am) Qwert :thx
mitch
(10:46 am) Qwert :at this point are
u trailing under 20sma?
(10:48 am) Qwert
:okay are you talking about candle on 1 min
or 3-6-2 lightning bar?
(10:50 am) Qwert
:yes i see thanks
(10:54 am) Qwert :Great
call
(10:55 am) taco :thanks Mitch
and Qwert that was helpful
(10:56 am)
JoeyTSA :nice trading there
(10:56 am)
Qwert :Taco i found that i am doing much
better with futures trading 2 contracts that
way i can take 1 off and then let the 2nd
ride for free
(10:59 am) electrader
:Smart trading Qwert. I like doing that
as well
(11:08 am) taco :right
Qwert, i can see the value of it
(11:09
am) taco :keep one as a runner as mitch
says
(11:09 am) Qwert :took me a long time
to move to 2 contracts but certainly much
better
(11:10 am) Qwert :just still
struggle with how aggressive to be with the
tgts, but im learning 🙂
(11:11 am)
Qwert :thats why i love when mitch gives his
commentary
(11:12 am) taco :ya me
too, i’m mishandling my entries and my
patience is low but figuring it out
(11:13
am) Qwert :Taco are you scaling in or all at
once
(11:14 am) taco
:scaling
(11:14 am) Qwert :same here at
least most of the time
(11:15 am)
taco :but i do it before a proper
bottom or top then get stopped
(11:15 am)
taco :sometimes i am good and sometimes
wrong
(11:15 am) doji :FB, the sky
is the limit… sure it will the preferred
stock for windows’ dressers
(11:16 am)
Qwert :thats the hard part, and always easy
to see later
(11:16 am) JoeyTSA :could be
doji
(11:16 am) taco :ya, but i
really like futures so i will get
it
(11:17 am) Qwert :same here i like the
potential
(11:18 am) taco :my
tolerance for anything moving against me is
little and i miss nices moves
(11:18 am)
taco :not all the time
(11:18 am)
JoeyTSA :hate that too taco
(11:21 am)
JoeyTSA :/CL pic closes in 9 min
(11:21
am) JoeyTSA :pit not pic
(11:30 am)
JoeyTSA :CERN giving nice pullback
(11:30
am) taco :ya theres some profit
taking
(11:30 am) JoeyTSA :i thought that
was you 🙂
(11:31 am) taco
:lol
(11:34 am) JoeyTSA :gotta make that
money so you can buy more food haha
(11:37
am) taco :ya gonna be expensive in a
few months
(11:38 am) JoeyTSA
:yep
(11:38 am) JoeyTSA :heck, its
expensive just for me haha
(11:39 am)
taco :lol
(11:39 am) taco :you
are eating like a horse
(11:39 am)
taco :have to give you a new
name
(11:39 am) JoeyTSA ::)
(11:40 am)
taco :pack it back jack
(11:40 am)
JoeyTSA :hahaha
(11:44 am) Ed :Qwert’s
internet went out
(11:47 am) JoeyTSA :that
was just NSA messing with him 🙂
(11:48
am) Ed :lol
(12:00 pm) JoeyTSA :this
should be good
(12:17 pm) taco
:Qwert’s still gone, hope his trades are
ok
(12:17 pm) JoeyTSA :same here, scary if
you have an open trade and lose
connection
(12:19 pm) doji :That is
why I always have a GTC stop order with my
entries
(12:20 pm) doji :always
“protected”
(12:24 pm) taco :Thanks
Mitch Ed Diosna Qwert Joey Murano and
everyone. Have a great weekend
(12:24 pm)
Mitch :bye taco
(12:24 pm) JoeyTSA :bye
taco, have a great weekend
(12:24 pm)
taco :c you monday!
(12:24 pm) Ed :c
ya taco
(12:36 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano,
Qwert,everyone
(12:36 pm) JoeyTSA :have a
great weekend, see you all on
monday
(12:36 pm) Ed :c ya joey
|
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