| (05:35 am) Mitch King:Durable Goods orders up
3.5% vs. 2% estimate. Futures for equities
markets positive
(06:05 am) Mitch King:Gap UP: TSLA, SUPN
[Supernaus Pharmaceuticals], TWTR, UBNT,
IDCC, CME
(06:06 am) Mitch King:Watch TSRO,ARIA, KNDI,
SOCL, GILD, SCTY,
(06:06 am) Mitch King:Gap DOWN: CAMP
(06:20 am) Mitch King:SUPN is going to be
active today, my guess of best play is IF
there is a big drop early in the opening 30
minutes it would give a good long scalp.
must be a big drop though
(06:31 am) Mitch King:watching DDD
(06:31 am) JoeyTSA :eye on DDD
(06:31 am) Mitch King:watch IDCC for trades
both ways
(06:33 am) Qwert :watching CAMP
(06:33 am) Mitch’s Assist. :UTHR moving up
agian today
(06:33 am) Mitch King:watching SSYS for
bottom to buy
(06:34 am) Mitch King:TWTR strong, more
upside likely
(06:34 am) Mitch King:lower left chart is
TSLA daily chart, background chart is the 5
min chart, more upside for TSLA in my view
(06:35 am) Mitch King:TGT down on credit card
info heist
(06:38 am) Mitch King:watching KNDI, looking
for top to short, letting it move up more
first
(06:43 am) Mitch King:not interested in
buying CME yet, needs much lower pricing
(06:47 am) JoeyTSA :/CL testing R1
(06:47 am) Qwert :monitoring P
(06:50 am) Mitch’s Assist. :watching GRA for
potential short low volume
(06:51 am) Mitch’s Assist. :watching CYTR
long side better than short
(06:52 am) Mitch King:watching GRA for top,
its on the lower left chart, no hurry
(06:52 am) JoeyTSA :eye on VIPS
(06:53 am) Mitch King:TSLA should be strong,
long side better, especially after a big dip
(06:54 am) Mitch King:GRA toppy here around
98.25 area
(07:19 am) Mitch King:IDIX on the move,
monitoring
(07:20 am) Mitch King:looking for bounce in
CYTR
(07:51 am) JoeyTSA :eye on ORMP
(07:59 am) JoeyTSA :tighten ORMP
(08:37 am) Mitch King:that doesnt mean you
have to sell but it is a very sensitive
setting i have on this chart you see in lower
left on TWTR
(08:37 am) Mitch King:early sell signal on
TWTR on 1 min chart
(08:38 am) Mitch King:what i do on those is
try to get best price to sell on about 1/3 or
1/2 of long position and monitor closely
(08:49 am) Mitch King:you have lower highs on
TWTR, this is when i close any longs
(09:16 am) Mitch King:stock market closes in
45 minutes
(09:47 am) Mitch King:you guys have a Merry
Christmas. see you THursday, day after
tomorrow
| (05:41 am) Qwert :Good morning everyone
(05:42 am) Qwert :gap up so far SUPN, KNDI,
TSLA
(05:42 am) Qwert :gap down CAMP
(06:01 am) doji :Good day
(06:02 am) Qwert :gm doji
(06:03 am) doji :TWTR and FB moving in the
pre-market as usual… Now analysts saying
that valuation metrics are irrelevant and
investors betting on TWTR to be the next
technology-base platform… Why this time
metrics are different? lol….
(06:08 am) Qwert :I have to leave early today
catching a plane to northern california i
will leave around 9am our time
(06:08 am) Qwert :thats pst
(06:09 am) Qwert :Merry Christmas to
everyone
(06:09 am) Mitch King:i dont see TWTR
overtaking FB on platforms.
(06:09 am) Mitch King:TWTR’s Vine app is
taking off big time though. im sure TWTR
will put ads through that channel
(06:09 am) Mitch King:Vine is 7 sec videos
(06:10 am) Qwert :ive seen that mitch
(06:11 am) taco :gm everyone thanks for gaps
Mitch Doji Qwert
(06:12 am) skydiver :gm all and yes thnx for
gappers
(06:12 am) Qwert :gm taco
(06:12 am) Qwert :gm sky
(06:12 am) doji :Watching TSLA, it has O/I
at $150
(06:12 am) skydiver :gm morning qwert — and
before I forget — Merry Christmas to all 🙂
(06:13 am) doji :Merry Cristmas to all also
fellas
(06:13 am) freitag8 :GM and Merry Christmas
every1
(06:15 am) Qwert :gm freit
(06:15 am) Murano :good morning
(06:15 am) Qwert :gm murano
(06:16 am) freitag8 :Morning Qwert
(06:17 am) klas :good morning TSA
(06:18 am) freitag8 :A nice move in TWTR
yesterday… I made a eenie meenie minie moe
pick between FB & TWTR… unfortunately I
picked FB yesterday 🙁
(06:19 am) skydiver :National Highway
Traffic Safety Commission gave it’s release
of Tesla – Approved Tesla with a 5 Star
rating
(06:20 am) doji :I did also Fretitag, with
TWTR you never know when it could reverse and
could selloff very violently and hard….
It’s just me
(06:21 am) Qwert :yeah no shorts at
lightspeed on SUPN
(06:23 am) freitag8 :trend in CL has been up
the last several days… could make a run at
$100 soon
(06:25 am) jasio :Good Morning
(06:26 am) freitag8 :Morning Jasio
(06:29 am) freitag8 :DRYS flirting with 52
week high for the first time in several
months
(06:29 am) doji :Watching FSLR
(06:29 am) doji :TWTR insane
(06:34 am) skydiver :thnx Mitch
(06:35 am) skydiver :DDD bounced nicely –
thnx joey and Mitch
(06:38 am) doji :TWTR too fast for me…
lol
(06:39 am) JoeyTSA :watching IDCC, QIHU
(06:40 am) JoeyTSA :BIDU trying to hold $170
(06:43 am) skydiver :there’s the TWTR drop
as doji warned . .
(06:44 am) skydiver :made a nice short
however
(06:46 am) skydiver :forgot to watch LNKD
this morning . . . ah well
(06:47 am) doji :BIDU O/I is 170-175,, could
rebound from here
(06:49 am) doji :TWTR at R1 here
(06:50 am) skydiver :got stopped out of TSLA
– had my stop set wrong – ouch
(06:50 am) JoeyTSA :gong to be a weird day
anyways sy
(06:50 am) JoeyTSA :sky
(06:51 am) skydiver :that move was not too
intelligent on my part — but my other trades
have been great . . . one ouch so far
(06:53 am) skydiver :thnx Mitch
(06:55 am) doji :TSLA O/I at $155.. watch
that level for reversal
(06:55 am) skydiver :thnx doji on TSLA info
(06:56 am) doji :BIDU reversing
(06:56 am) skydiver :shorted GRA – but
smaller position than normal and tight stop
(06:57 am) Mitch King:open up your trades
sky, you got to let these move,
(06:57 am) skydiver :ok — will do Mitch –
thnx
(06:57 am) Mitch King:tighter stops only
after you gained a lot of profit
(06:58 am) skydiver :ok
(06:59 am) doji :TSLA needs tons of volue if
you want to break $155 O/I
(06:59 am) doji :volume
(06:59 am) Mitch King:what price did you
short GRA sky?
(07:00 am) skydiver :98.39 Mitch
(07:00 am) Mitch King:ok, your entries are
usually excellent, its your closing
transactions that need different thinking
(07:00 am) doji :CYTR
(07:00 am) Mitch King:you are still short
right sky?
(07:01 am) skydiver :yes
(07:01 am) Mitch King:still loooks like to
hold short little longer on GRA
(07:01 am) doji :TSLA short at 154.5
(07:02 am) Mitch King:if it hits 97.70 and
lower on GRA, then thats confirmation it is
still going your way
(07:02 am) Mitch King:ok right there sky
(07:02 am) Mitch King:that tells me to hold
short open longer
(07:02 am) doji :Stop at b,e, lookig for
153.5
(07:02 am) skydiver :gotch Mitch . .
understand . . .thnx for this valuable lesson
for me 🙂
(07:02 am) taco :myself too thx Mitch
(07:02 am) Mitch King:TSLA too strong to
short doji, in my eyes
(07:03 am) Mitch King:ok lower low on GRA
sky, taco
(07:03 am) taco :s 98.38
(07:03 am) Mitch King:nice entries boys on
GRA
(07:03 am) skydiver :nice taco on entry 🙂
(07:03 am) taco :i was short CYTR also but
covered now thx Mitch
(07:03 am) Mitch King:next price to look for
on GRA is near 97.50
(07:04 am) Mitch King:ok i see CYTR as not
being ready yet,, prefer one more bounce and
a failure to reach new highs, then when that
bounce reverses toward downside and didnt
hit new high, great short entry
(07:05 am) Mitch King:not expecting GRA short
to be huge profit percentage.
(07:05 am) skydiver :I’m thinking the same
Mitch on GRA
(07:06 am) Mitch King:give it a little more
time on GRA short, esp if red candle closes
down on this
(07:07 am) doji :Watching AMZN, O/I at $395
as support
(07:07 am) doji :Out 1/2 TSLA short
(07:07 am) Mitch King:nice doji
(07:07 am) Mitch King:good job
(07:07 am) doji :Below !53, could see $151
(07:08 am) Mitch King:ok the odds are not for
151, 152 more realistic
(07:08 am) JoeyTSA :FRX vol spike, just
watching for now
(07:08 am) Mitch King:the dip in GRA gets bot
easily, tells me lots of buyers hanging
around still sky, taco, not breaking down
easily
(07:09 am) doji :TWTR nice revseral from
$57…
(07:09 am) doji :67
(07:09 am) skydiver :yes Mitch . . I see
that . . thnx for confirming my sense of GRA
at this time
(07:09 am) skydiver :yes doji TWTR nice
(07:09 am) taco :ok Mitch no problem thx for
input
(07:09 am) Mitch King:ok you still short GRA
sky, taco?
(07:09 am) taco :im out, can go either way i
think
(07:10 am) skydiver :at moment Mitch, but
my finger says to cover
(07:10 am) Mitch King:post price if you want
me to help you
(07:10 am) taco :should have stayed CYTR a
bit more tho
(07:11 am) Mitch King:you already have
covered 1/2 of GRA short right sky?
(07:11 am) doji :Looking for $65 in TWTR if
it gets there…
(07:11 am) skydiver :yes Mitch – covered 3/4
actually
(07:12 am) skydiver :TWTR – bottom?
(07:12 am) Mitch King:post your prices sky,
(07:12 am) Mitch King:i cant help you guys
unless you post your entry and exit prices
(07:13 am) skydiver :Entered short at 98.39
coverd 3/4 at 97.89
(07:13 am) skydiver :still have 1/4 left of
GRA
(07:13 am) doji :CYTR still holding above
$5.1
(07:13 am) Mitch King:ok since you have
covered 3/4 of GRA short, there is no stress,
so try holding on longer
(07:13 am) skydiver :ok
(07:14 am) Mitch King:i do agree that GRA is
strong, bullish, not breaking down easily,
better to go for chart pattern like SUPN
short
(07:14 am) Mitch King:where it just drips
down down down
(07:14 am) skydiver :gotcha Mitch
(07:15 am) Mitch King:yeah probalby best to
get best price on last 1/4 short on GRA sky,
no hurry though
(07:15 am) skydiver :will do
(07:15 am) doji :SUPN not available in TDA
for short
(07:16 am) Mitch King:TDA not good company
for short inventory
(07:16 am) doji :AMZN reversing
(07:16 am) doji :I know Mitch, I have to
live with that for the time being
(07:16 am) doji :Just part of doing
business
(07:17 am) regatta :mitch, thanks forf KNDI
(07:17 am) Mitch King:ok sky, what did you do
on GRA
(07:17 am) skydiver :covered last piece at
97.91
(07:17 am) Mitch King:ok lets try another
stock, i can help today, not trading myself
(07:18 am) skydiver :okay . . . will start
looking
(07:18 am) Mitch King:TSLA probably makes
higher highs here soon
(07:18 am) doji :Maximum pain in AMZN is
$400 so probably it will be pinned there by
Friday
(07:18 am) doji :Thanks for CYTR Mitch
(07:19 am) taco :nice doji, wish i kept it
longer
(07:26 am) doji :Nice double top in TSLA, I
knew MM wouldn’t allow this baby to messs up
with their calls’ premium
(07:27 am) doji :All out TSLA
(07:28 am) doji :By looking at the O.I every
morning and checking the changes from the day
before, you can have an idea of the potential
S/R levels amd maximum pain set by MM for the
week
(07:29 am) Mitch King:we should make an index
called maximum pain index or MPI
(07:31 am) doji :Well, there is an apps for
that, it’s called iMaxPain Mitch
(07:31 am) doji :Just $5 bucks
(07:32 am) freitag8 :/GC near high of the
morning… tightening my slop here
(07:51 am) freitag8 :what time (Pacific) do
the markets close today?
(07:51 am) JoeyTSA :10am i believe freitag
(07:51 am) freitag8 :TY Joey
(07:52 am) freitag8 :I have made a whopping
$8 today!!! This has been a very slow day for
the Futures
(07:53 am) doji :AMZN, watch $395 level
(07:53 am) JoeyTSA :futures have been a
snoozefest except for /NQ
(07:53 am) doji :Below $395, next )/I is
$390
(07:54 am) doji :392.5 level irrelevant in
terms of O.I
(07:54 am) freitag8 :AMZN likes to bounce
off it’s 20 Day MA… I’m looking for an
entry near $389
(07:54 am) Qwert :yeah doji only 13 tics on
the /CL 2 trades
(07:55 am) Qwert :sorry i mean joey
(07:55 am) JoeyTSA :we get both crude inv and
nat gas reports on thurs
(07:56 am) Qwert :that will make it
interesting i would think
(07:57 am) freitag8 :TWTR just spinnin it’s
wheels today… cant get any tracktion
(08:06 am) doji :Eye on TWTR
(08:06 am) doji :and zfb
(08:06 am) doji :FB
(08:08 am) freitag8 :The Nenex closes at
12:15 CT….
(08:09 am) doji :Just have a look at ORMP
daily chart
(08:13 am) freitag8 :Stopped out of /GC with
a small profit…
(08:18 am) skydiver :thanks again for great
calls and mentoring. . . once more — Merry
Christmas everyone and may this be a most
blessed one as well. Sky 🙂
(08:19 am) klas :Same here TSA Merry Xmas
(08:19 am) doji :TWTR still strong
(08:19 am) doji :Wnet long at 67
(08:20 am) doji :Freitag, are you in TWTR?
(08:20 am) freitag8 :yes
(08:21 am) freitag8 :$66.50
(08:21 am) doji :Waht is your price ebtry?
(08:21 am) doji :Ok when it held R1
(08:21 am) doji :I have my sell order rigth
at $69 and then $70
(08:22 am) freitag8 :that’s in my Prop
Trading account today… not my personal
acct… My sell is at $68.95
(08:22 am) freitag8 :currently… I could
raise it if it still looks strong
(08:23 am) doji :Prop?
(08:24 am) freitag8 :ya… I’m a Proprietary
Trader for a firm in Utah
(08:24 am) freitag8 :they fund me with their
money and I keep 80% of the profits
(08:25 am) freitag8 :they like us to do
mostly swing trades, but I get away with
daytrades as long as I keep making money
(08:28 am) freitag8 :raising my stop on TWTR
to 67.49
(08:28 am) doji :I got it just above b/e,
it;s all or nothing,,,,
(08:29 am) JoeyTSA :TWTR a great trading
stock
(08:29 am) Mitch King:sure is joey,
(08:30 am) Mitch King:hey joey, that was a
real good football game yesterday, enjoyed
it
(08:30 am) JoeyTSA :yeah, did you see my
nephew’s interception
(08:30 am) Mitch King:i was wondering if that
was him, i couldnt make out the #11
(08:31 am) JoeyTSA :he got toasted once,
after that he played a great game
(08:31 am) freitag8 :Yeehaw Joey! Congrats
to your Nephew
(08:31 am) JoeyTSA ::)
(08:32 am) Mitch King:no hint of any sell
signal on TWTR, its just powering up nicely
for longs
(08:33 am) freitag8 :Yes it is… it looked
bleek earlier, but just was an additional
buying op
(08:34 am) JoeyTSA :was holding that 65.75
area fairly well
(08:35 am) Murano :done for the day, have a
Merry Christmas, see you Thursday
(08:35 am) Mitch King:freitag’s entry was
best one since 500am pacific time at $65
(08:35 am) Mitch King:later murano
(08:35 am) Mitch King:thanks for your help
(08:35 am) JoeyTSA :Merry CHristmas Murano
(08:35 am) Mitch King:i mean from a technical
viewpoint on TWTR entry freitag
(08:35 am) doji :$65 Micth?
(08:36 am) taco :cya Murano
(08:36 am) freitag8 :Merry Christmas Murano
(08:36 am) Mitch King:yeah at 500am premarket
hours
(08:36 am) doji :Merry Christmas Murano
(08:36 am) freitag8 :Thx Mitch
(08:36 am) Mitch King:the 66.50 is best long
entry since the $65 entry at 500am when
premarket opened for TWTR
(08:40 am) doji :Micth, why $66.50? I took
it at the breaout of $67
(08:41 am) doji :I took also FB at $57 when
it held the lod
(08:42 am) freitag8 :Just moved my StopLoss
up to $67.75
(08:42 am) doji :Added TWTR at $68
(08:42 am) freitag8 :nice!
(08:43 am) doji :Crossing fingers
(08:44 am) Mitch King:i was referring to
Freitag’s entry doji. i would have waited
for higher price myself too
(08:45 am) doji :Thanks Mitch, just trying
to learn from all here in the room
(08:45 am) freitag8 :I know we talked about
Kinetick for a Data feed… there is a $55/mo
charge for the service… right?
(08:45 am) Mitch King:yes
(08:45 am) freitag8 :ok… just wanted to be
sure… I will add that at EOM
(08:45 am) Mitch King:that gets all stocks i
believe thats what the $55 does
(08:46 am) freitag8 :up to 100 quotes
simultaneously… which is plenty for me
(08:55 am) doji :TWTR needs to break
$68.63… moved stop below $68 just in
case….
(08:57 am) freitag8 :I just moved my stop to
$67.98 on TWTR
(08:59 am) Mitch King:good double bottom on
TWTR, new high,
(09:00 am) doji :Mitch, I don’t see Thurnder
giving a buy signal on TWTR on the chart
(09:01 am) freitag8 :I will follow the 20
bar MA on 1 min chart with my stop loss for
the remainder of the day… currently at
$62.32
(09:01 am) freitag8 :sorry… $68.32
(09:04 am) doji :Filled out 1/2 position
(09:05 am) freitag8 :SL at 68.50
(09:06 am) doji :Bought back 1/2 position
(09:07 am) doji :This will be funny….stop
at $68.5 and $70, both sides
(09:07 am) doji :Let’s see which one gets
filled first
(09:09 am) freitag8 :this will be fun
DOJI…
(09:10 am) freitag8 :SL now at 68.90
(09:10 am) doji :Freitag, see how TWTR is
moving in straight line, no volatily, a very
orderly buying….
(09:11 am) doji :from 11:00AM ET
(09:11 am) freitag8 :yes… very few dips to
buy more on
(09:12 am) doji :I will assume some funds
loading in TWTR, volume today is already
above yesterday’s
(09:15 am) Mitch King:freitag thats the sign
of a very strong uptrending stock
(09:15 am) Mitch King:but you must have the
discipline to wait for dips to add to long
(09:16 am) Qwert :bye everyone have a merry
christmas see you on thursday
(09:16 am) JoeyTSA :bye qwert
(09:16 am) freitag8 :agreed… it probably
won’t stop at the close but continue on after
the holiday but I will close the position
before the close as a precaution
(09:16 am) JoeyTSA :TWTR making for a nice
day off tomorrow 🙂
(09:16 am) freitag8 :Merry Christmas Q
(09:17 am) JoeyTSA :Thanks MItch,
everyone…
(09:17 am) JoeyTSA :wishing you all a Merry
Christmas, see you all on thursday
(09:17 am) freitag8 :You leavin Joey?
(09:17 am) freitag8 :Merry Christmas
Joey…
(09:17 am) JoeyTSA :yeah, going to get my
workout done and enjoy the rest of the
day/night
(09:17 am) doji :See ya fellas on Friday.
bye
(09:18 am) freitag8 :Enjoy and best wishes
for a happy holiday to you and your family
(09:18 am) taco :Merry Christmas all thanks
everyone too see you thurs
(09:20 am) freitag8 :Merry Christmas Taco
(09:20 am) freitag8 :Be well and Prosper
(09:21 am) freitag8 :it’s looking like $70
for you DOJI
(09:22 am) freitag8 :if TWTR hits $70 I’ll
close as well… only 200 shares but its
beena good run
(09:27 am) freitag8 :SL at 69.50 on TWTR
(09:29 am) Mitch King:thats well over 5%
profit freitag
(09:30 am) Mitch King:thats big number in day
trading
(09:30 am) freitag8 :oh ya!… Very happy
with that movve today
(09:32 am) freitag8 :now my Futures on he
other hand…. thats a very different
story… only made $21
(09:36 am) freitag8 :all out on TWTR
(09:37 am) freitag8 :66.50 to 70.01 not too
bad
(09:37 am) freitag8 :how did you do DOJI?
(09:41 am) jasio :Merry Christams to you and
your families. Mitch, Freitage8, Doji – Thank
you for shering your knowege and expiriance.
(09:42 am) freitag8 :Our pleasure… Enjoy
your Holiday!
(09:43 am) jasio :I will. Ths.
(09:44 am) freitag8 :Happy Hanukkah and
Merry Christmas every1… time to enjoy
family and Hot Chocolate…
(09:45 am) freitag8 :A special Thank you and
Happy Holiday Season greeting to Mitch and
the wonderful staff at TSA… See you
Thursday evry1
|
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