| (05:38 am) JoeyTSA :early gap down: SODA,
GPRO, AGCO, TCS
(05:38 am) JoeyTSA :early gap up: CAMP, FEYE,
GMCR
(05:40 am) Qwert :CMRX gapping up as well
(06:03 am) Mitch King:Premarket UP: BCLI,
CERS, FEYE, TKMR, CMRX Premarket dOWN: LVS,
KCAP, KOS, CNHI, BBEP, TCS, SODA WATCHING:
RIO should be down, DNKN, MGM,
(06:17 am) Mitch King:NQ futures, all posts I
make on NQ is NQ 11-14 futures
(06:17 am) Mitch King:NQ dropping
(06:27 am) Mitch King:this drop in indexes
probably from Secretary Lew comments on
Europes economy considerably worse
(06:31 am) Qwert :watching CAMP
(06:32 am) Mitch King:watching CMRX for
bottom, more cautious
(06:34 am) Mitch King:consider reducing or
sellign CMRX if long
(06:34 am) Mitch King:ES and NQ futures down
sharply, probably from US secretary comments
about Europe
(06:36 am) Mitch King:watching CTXS for more
of a bounce to short into
(06:43 am) Mitch King:monitoring LAKE
(06:43 am) Mitch King:watching CMRX for
trades
(06:44 am) Mitch King:LAKE is at high on
daily chart as well,
(06:46 am) JoeyTSA :/ES to tset 1940
(06:48 am) Mitch King:LAKE sells safety
garments such as hazmat biosuits being used
for ebola, this is probably another “me too”
biotech story
(06:48 am) Mitch King:shorting LAKE
(06:54 am) Mitch King:CMRX not a tradable
long on this bottom but looking for rebound
to short into
(07:02 am) Qwert :RIO moving
(07:04 am) Mitch King:2nd helping short on
LAKE
(07:01 am) Mitch King:07:01 (US) Aug JOLTS
Job Openings: 4.84M v 4.70Me – Prior revised
XXX from 4.673M to M to- No revisions –
Source TradeTheNews.com
(07:07 am) Mitch King:URI bouncing, more
upside likely
(07:17 am) Qwert :watching CAMP
(07:28 am) Mitch King:oil refineries TSO and
VLO strending up, watching CL 11-14 for
bottom
(07:30 am) Mitch King:ES and NQ spike up last
2 min
(07:42 am) Mitch King:watching LAKE for
short
(07:45 am) Qwert :BBBY
(07:52 am) Mitch King:energy institute cuts
oil demand forecasts
(08:07 am) Mitch King:watching NQ 12-14 for
bounce
(08:17 am) Mitch King:looking for small
bounce in CL and NQ futures
(08:27 am) Mitch King:CL and NQ near lows of
day
(08:27 am) Murano :monitoring RCL approaching
S3
(08:50 am) Mitch King:LAKE just hit new
highs
(09:28 am) Mitch King:RCL spike
(09:53 am) Mitch King:maybe 40-50 cents on
long side
(09:53 am) Mitch King:watchign GPRO for long
scalp,
(10:14 am) Mitch King:CMRS
(10:44 am) Mitch King:CL 11-14
(10:44 am) Mitch King:CL at $89
(10:57 am) Mitch King:HLF
(10:57 am) Mitch King:HLF
(10:57 am) Mitch King:HLF alert
(11:17 am) Mitch King:watching HLF here, too
dangerous to trade this for me, news controls
Herbalife
(11:26 am) Mitch King:NQ index near low of
day
(11:27 am) Mitch King:new low on CL 11-14
(11:27 am) Mitch King:ES near low of day, 3rd
time here 1940
(11:29 am) Mitch King:new lows on both
indexes as well as crude oil [CL]
(11:30 am) Mitch King:Dow futures at low of
day also
(12:04 pm) JoeyTSA :ACT a bit active
(12:04 pm) JoeyTSA :watcing 193739 /ES
range
| (05:32 am) JoeyTSA :good morning
Qwet,george,mberl
(05:33 am) JoeyTSA :jolt jobs opnings and
ibd/tipp @ 7, consumer credit @ nooon pdt
(05:38 am) Qwert :Good morning Joey, george,
mberl
(05:48 am) Murano :good morning
(06:02 am) klas :good morning
(06:10 am) skydiver :gm all — ipo’s today
— only see VKTX which has been expected to
open several times but not as of yet
(06:15 am) Mitch King:you mean Viking
Therapeutics?
(06:18 am) skydiver :yes Mitch
(06:20 am) skydiver :SODA – SodaStream down
13% in pre market trade after Q3 revenue
warning :theflyonthewall.com
(06:24 am) toby1115 :gm
(06:26 am) Mitch King:really surprised RIO
didnt plummet this morning after RIO denied
buyout rumors from yesterday. but it did
come down most of the way of that BO rumor
(06:39 am) skydiver :LVS moving ujp
(06:42 am) JoeyTSA :missed good bounce on
BIDU
(06:46 am) JoeyTSA :/NQ givng good shorts
(06:46 am) skydiver :LAKE makes hazmat suits
and protective apparely for use in handling
Ebola virus
(06:52 am) skydiver :GMCR strong against the
market so far
(06:57 am) skydiver :M – nice v bounce but
missed
(07:01 am) JoeyTSA :missed great bounce on
/NQ
(07:03 am) JoeyTSA :GPRO had good move too
(07:05 am) Mitch King:the RIO drop is what i
was looking for at opening, strange
(07:10 am) Mitch King:CMRX starting to stand
on its head on daily chart, my term for
saying it looks like good swing short
(07:10 am) JoeyTSA :back in 25
(07:10 am) skydiver :see ya joey
(07:19 am) Mitch King:CMRX should really
break down today
(07:26 am) Mitch King:these are both biotechs
related to ebola
(07:27 am) Mitch King:CMRX is good trading
stock today, short side better
(07:32 am) skydiver :BIDU still moving up
(07:44 am) skydiver :BBBY
(07:44 am) Mitch King:you guys notice the
scanners are really quiet, not many stocks
moving, feels like an FOMC meting going on
(07:44 am) JoeyTSA :very quiet
(07:45 am) Mitch King:its the IMF global
economy summit with all the speakers keeping
market quiet, same effect as FOMC meetrings
(07:45 am) Mitch King:in europ i think
(07:46 am) Mitch King:speakers making
comments, market is listening with pins and
needles
(07:53 am) skydiver :HOw low does crude have
to go to hurt our fracking industry here in
the U.S. ?
(07:55 am) Mitch King:you mean the breakeven
costs to produce crude through fracking?
(07:56 am) skydiver :yes
(07:56 am) Mitch King:i keep reading 60-68
(07:56 am) skydiver :ok – thanks
(07:56 am) Mitch King:$60-68 per barrel
(07:57 am) Mitch King:i’ve read even 56-57,
the theme has been that fracking is creating
a lot of oil in US and reducing our
dependency on imported oil
(07:57 am) skydiver :3/4 out of BBBY short
(07:58 am) skydiver :Out of time – closing
BBBY short – thanks for great calls – see you
all tomorrow morning 🙂
(07:58 am) JoeyTSA :enjoy sky
(07:58 am) skydiver ::)
(07:58 am) Mitch King:later sky
(07:59 am) Mitch King:hey joey, i just saw
your range setup just now on NQ, too late to
do anything but learning
(07:59 am) Mitch King:on the short side
(08:00 am) JoeyTSA :i wasnt paying attention
(08:10 am) Mitch King:its pretty amazing how
at critical times or during nervous times the
markets stop trading when economic leaders
talk around the world
(08:11 am) Mitch King:Europe and USA i mean
(08:11 am) JoeyTSA :yeah
(08:15 am) Mitch King:my musician friend
Joeyk i just watched Les Miserables on
blueray 2012 version with Russell Crowe as
bad guy, the music and acting was superb
(08:16 am) JoeyTSA :crowe’s acting was great,
singing…not so much
(08:16 am) Mitch King:i dont think he added
much to the movie, but the singing of others
was superb
(08:17 am) JoeyTSA :i liked most of the
singers except for the teenage girl, she
sounded like Snow White
(08:17 am) Mitch King:which role did she
play
(08:17 am) JoeyTSA :cant remember
(08:17 am) JoeyTSA :maybe teenage Cosette?
(08:17 am) Mitch King:dark hair, she got shot
in end?
(08:18 am) JoeyTSA :no blonde
(08:18 am) JoeyTSA :teenage Cosette played by
Amanda Seyfried
(08:18 am) Mitch King:she played cosette, was
different sound but played that vulnerable
role
(08:19 am) JoeyTSA :yeah, just hated her
singing, everyone else was good
(08:27 am) Mitch King:thanks murano
(08:38 am) Mitch King:nice job on RCL murano
(08:40 am) Murano :reduce RCL if long
(08:46 am) JoeyTSA :going for a run, back in
about 40min
(09:05 am) Mitch King:VNET making a move
today, very volatile stock
(09:07 am) Mitch King:little breakout in
indexes starting
(09:13 am) Mitch King:any idea why its so
slow today? strange day, super quiet
(09:16 am) klas :maybe Qwert is not trading
(09:17 am) Mitch King:yeah, definitely lower
volume klas
(09:17 am) Murano :haha
(09:34 am) Mitch King:you guys seeing the
coffee prices, commodity prices going to
force starbucks and DNKN to raise prices.
(09:38 am) Mitch King:pretty amazing GPRO hti
an all time high last week, dropped from 95
to 80 and now back up $18 to all time new
high
(09:38 am) Mitch King:looks like the US
dollar vs. Yen peaking out on daily chart
(09:49 am) Mitch King:when this ebola starts
showing signs of being under control these
biotechs related to ebola going to tank big
time
(09:49 am) JoeyTSA :agreed
(09:50 am) Mitch King:even if it isnt under
control and the press starts showing less of
ebola stories, stocks will drop. we will see
investors-traders cycle money out of that
group and into something else but biotech has
been hot for probably 18 months,
(09:51 am) Mitch King:i think we are probably
at a peak or one of the main peaks in ebola
stock prices with the first US case starting
here. if he dies, which his condiiton sounds
bad, it will extend the ebola stock prices up
high and new ones will come, like this LAKE
today. thats what i was trying to say
yesterday that the “me too” biotechs will
surface but will be shortlived. although
LAKE has been surprisingly strong, as well as
CMRX
(09:52 am) Mitch King:im going to take long
break, market is sooo slow now
(10:13 am) klas :GPRO
(10:16 am) Murano :good call on GPRO klas
thanks
(10:17 am) klas :YW
(10:33 am) Mitch King:CMRX was correct
symbol, sorry
(10:39 am) Mitch King:you know that GPRO went
down with the indexes, just a little faster
(12:12 pm) Mitch King:good trade on ES and NQ
joey
(12:14 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert,everyone…enjoy the day,
see you tomorrow. I wont be in thursday or
friday
(12:15 pm) Mitch King:ok thanks joey, you
working with horses much?
(12:15 pm) JoeyTSA :not really
(12:15 pm) Mitch King:you still practice
piano anymore?
(12:15 pm) JoeyTSA :since becoming vegan, i
just dont spend much time playing
(12:16 pm) JoeyTSA :will probably play the
Breeders Cup, but very minimal now
(12:16 pm) Mitch King:does vegan take lot of
time preparing?
(12:16 pm) JoeyTSA :still practice my guitar
and piano, still writing songs when the
inspiration hits
(12:16 pm) Mitch King:by the way, on that ES
range setup, do you short on new low
(12:16 pm) JoeyTSA :not much time, pretty
easy for me actually
(12:17 pm) JoeyTSA :if /ES loses 1934/33,
might run to 1930?
(12:17 pm) JoeyTSA :i have S2 @ 1938 area,
was having troubles getting backover that
(12:18 pm) Mitch King:so thats the post you
made at 1204pm that 1937 area
(12:18 pm) JoeyTSA :yeah
(12:18 pm) Mitch King:so thats 3 points on
short side
(12:18 pm) Mitch King:i see that pattern a
lot in stocks and futures but after the fact
(12:18 pm) JoeyTSA :figured if 1937 failed,
1933was legit target
(12:18 pm) Mitch King:well theres your 1933
(12:18 pm) JoeyTSA ::)
(12:19 pm) Mitch King:NQ was same
(12:19 pm) JoeyTSA :yeah
(12:19 pm) Mitch King:and YM too
(12:19 pm) Mitch King:probably TF
(12:26 pm) Mitch King:if you are long index
futures my hunch is the rebound will be
stronger than normal
(12:28 pm) Mitch King:we are going to get ath
V pattern rebound and those are usually quite
strong, esp since we have sold off quite a
bit today in ES and NQ
(12:33 pm) Mitch King:hope you guys did well
on that last index long
(12:33 pm) Mitch King:should be out now
(12:35 pm) Mitch King:i would be looking for
a rebound tomorrow unless more bad news
globally but likely a rebound. would prefer
a small dip early in session and then a big
rally, thats what i would think is most
likely
(12:37 pm) Mitch King:i am calling it a day
guys, see you tomorrow
(12:38 pm) Qwert :cya Mitch
(12:48 pm) Qwert :Bye everyone cya all in the
am
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