am] Mitch K: hello ladies
[06:16 am] Kris : Good Morning Traders
[06:16 am] Mitch K: remember when you see a
big mover, keep following it all day for
repeated trades
[06:17 am] Brent : good morning
[06:17 am] Kris : On the short side I’m
watching TXT, RGLD, ANF, CTRP and TEF
[06:17 am] Kris : Today’s I’m watching for
longs in CROX, URBN, YNDX, GIS, PG and
TSS.
[06:18 am] Ed : good morning traders
[06:24 am] Kris : if we get selling off the
open watch for 128.30 support on the SPY, if
we fail that we could see more selling down
into 127.40ish
[06:27 am] Kris : 3 Minutes
[06:27 am] Kris : game faces
[06:30 am] Mitch K: watching VMED for top
[06:31 am] Kris : HUM short half
[06:32 am] Kris : DNDN short half
[06:34 am] Kris : PANL long half
[06:34 am] Kris : stop PANL under 40.33
[06:35 am] Kris : looking to add second half
soon
[06:35 am] Kris : stop DNDN over 12.57
[06:36 am] Kris : stop HUM over 94.77, will
look to add around 94.20
[06:36 am] Mitch K: watching VMW for top
[06:38 am] Kris : OPEN long half
[06:38 am] Kris : stop a little too tight on
PANL, moving down under 39.94
[06:38 am] Kris : stop OPEN under 42.44
[06:38 am] Mitch K: watching ACN for top
[06:38 am] Mitch K: watching for top in SINA
for short
[06:38 am] Mitch K: watching for top in SINA
for shortwatching for top in SHPGY for
short
[06:38 am] Mitch K: watching VMW for to
[06:39 am] Kris : looking to add second half
PANL here soon.
[06:39 am] Mitch K: TEN dropping, watch, very
volatile stock
[06:41 am] Brent : watching FTNT for a
short
[06:41 am] Kris : SPY pushing hod[06:41 am]
Kris : VMW long half
[06:41 am] Mitch K: ULTA turning over
[06:41 am] Mitch K: VMED turning over
[06:42 am] Kris : ILMN long half
[06:42 am] Kris : out half PANL long
[06:43 am] Kris : out half ILMN long
[06:44 am] Kris : out half VMW long
[06:46 am] Kris : looking for new hod in
PANL
[06:46 am] Mitch K: watching LEA for
bottom
[06:47 am] Kris : buyers dojo
[06:47 am] Kris : out another 1/4 PANL
long
[06:47 am] Kris : PANL new hod[06:48 am] Kris
: start to look for weak stocks to short
into
[06:48 am] Mitch K: watching P moving
[06:48 am] Mitch K: watching URS for top
[06:49 am] Kris : ESRX short half
[06:49 am] Kris : look to add on a weak
bounce on ESRX
[06:49 am] Kris : stop ESRX over 49.44
[06:49 am] Kris : TEVA short half
[06:50 am] Kris : stop TEVA over 44.55
[06:50 am] Mitch K: watching TZOO move up,
monitoring for top to short
[06:51 am] Brent : consider reducing FTNT
[06:51 am] Kris : HUM still looking weak,
looking for a new lod[06:57 am] Kris : long
second half OPEN
[06:59 am] Kris : SPY heading for lod
support
[06:59 am] Mitch K: watching DNDN for
short
[07:00 am] Kris : out half ESRX short
[07:01 am] Kris : SPY new lod[07:02 am] Brent
: watching RRC for a bounce
[07:03 am] Mitch K: consider covering SINA if
short
[07:03 am] Mitch K: watching MIND for bottom
to buy
[07:05 am] Kris : out half TEVA short
[07:06 am] Mitch K: watching TSL for top to
short
[07:08 am] Mitch K: esp solar stocks
sector
[07:08 am] Mitch K: i always enjoy shorting
TSL
[07:11 am] Mitch K: consider reducing LEA if
long
[07:11 am] Mitch K: consider selling long
position LEA
[07:11 am] Mitch K: watching WAT for a top to
short
[07:12 am] Kris : I’ll enter SHLD for a swing
trade today on a pullback
[07:12 am] Mitch K: watching VMW for 2nd
helping short
[07:14 am] Kris : TEN short half
[07:22 am] Brent : consider reducing RRC,
weak bounce so far
[07:22 am] Kris : out half OPEN long
[07:29 am] Kris : out another 1/4 OPEN
long
[07:29 am] Kris : out half TEN short
[07:33 am] Kris : out all PANL long
[07:33 am] Mitch K: watching COG for
bottom
[07:36 am] Kris : shld[07:36 am] Mitch K:
watching for short in IDIX soon
[07:37 am] Mitch K: watching for top in
WAT
[07:38 am] Kris : SPY pushing hod[07:43 am]
Kris : out all OPEN long
[07:49 am] Kris : QCOR ALERT
[07:49 am] Kris : QCOR ALERT
[08:21 am] Mitch K: consider buying QCOR long
here, 1/2 long
[08:24 am] Mitch K: when you see a lower low
on QCOR even if you try for a long, is
generally, a time to close that long and then
look again for another long
[08:25 am] Mitch K: at the same time you
should be giving it a chance with some
latitude for movement
[08:27 am] Mitch K: i knew someone would say
that. you get a signal, if you put a really
tight stop loss on after an opening position,
stocks move around a lot and often will
trigger that stop
[08:27 am] Mitch K: if you get a decent
signal, at the bottom or top, there is a lot
of volatility, usually some good movement
[08:27 am] Mitch K: so you keep losing a lot
of small stops, done that?
[08:28 am] Mitch K: if you guys back test and
you put these tiny stop losses, you will see
in history, most of the time, small stop
losses get triggered, then you get frustrated
and not focus on watching for a bottom
[08:29 am] Mitch K: watching FSLR move up
[08:36 am] Mitch K: consider small long in
ULTA
[08:38 am] Mitch K: looking for short in FSLR
but seeing if goes above high of 42.83 first,
giving it more time
[08:45 am] Mitch K: consider selling NFLX if
long, also worth small short initially
[09:42 am] Ed : IDIX hod[09:42 am] Kris :
entering small swing position long in SHLD
now
[10:01 am] Ed : WLT moving
[10:26 am] Ed : would reduce WLT
[10:28 am] Ed : OPEN hod[10:30 am] Mitch K:
watching DECK for top
[10:35 am] Mitch K: TZOO toppy
[10:41 am] Mitch K: watching JKS
[10:53 am] Ed : watching MAKO
[10:54 am] Brent : SPY coming into trendline
support
[10:59 am] Ed : reduce MAKO
[11:00 am] Brent : ALR alert
[11:00 am] Brent : thx mhaus[11:00 am] Mitch
K: ALR
[11:00 am] Mitch K: nice one ed[11:05 am]
Mitch K: consider selling most of ALR if long
here 22.50 area
[11:27 am] Brent : DNDN hod again
[11:51 am] Mitch K: watching for short here
in QCOR
[12:04 pm] Mitch K: here are some LONG swing
trade ideas: RAX, CNL, SO, SHLD, THOR, DB,
GRPN,
[12:11 pm] Mitch K: SHORT swing trade ideas:
CDE, ROSE, CHL, RES, BRY, PXD, CRZO, PTEN,
CNQ
[12:12 pm] Ed : nice call on JOE rusty
[12:15 pm] Mitch K: COG prob turns down from
here
[12:27 pm] Kris : looks like we might get a
close near the highs today on the SPY
[12:55 pm] Mitch K: UAN dropping hard, only 5
minutes left, not enough time
[01:00 pm] Brent : Have a great night, see
you in the morning
[01:00 pm] Ed : have a great evening
[01:00 pm] Kris : good job today everyone.
have a good night and I’ll see you tomorrow
bright and early.
[01:03 pm] Mitch K: later guys,
|
[06:20 am] joeytsa : DECK should have a
little action today
[06:28 am] joeytsa : REGN might be a repeat
play from yesterday also
[06:29 am] joeytsa : possibly BWA also
[06:31 am] doji : WOW NFLX
[06:33 am] rusty : you killed it yesterday
doji[06:34 am] doji : out 1/2 SLB short
[06:34 am] doji : from the open
[06:37 am] doji : VMED consolidating
[06:37 am] joeytsa : early pop on
BIDU,CRM,SINA..watch for 2nd move
[06:38 am] joeytsa : out URBN short, might
be looking for a bottom
[06:39 am] doji : DECK dropping… thanks
Joey
[06:41 am] joeytsa : AMZN pushing higher
[06:42 am] sfarrill : UHS
[06:42 am] doji : SPY hod[06:42 am] apple :
got a nice chunk on SINA
[06:43 am] khall : good job apple!
[06:43 am] joeytsa : great apple !!!
[06:43 am] rusty : FSLR hod[06:43 am] doji
: stopped DNDN
[06:43 am] joeytsa : URBN 25puts were 5cents
yesterday..someone made bank
[06:44 am] joeytsa : ILMN was real nice on
that lower vol pullback
[06:45 am] shark : I like that kind of pin
action that options can provide
[06:45 am] doji : URBN still dropping
[06:45 am] joeytsa : AMZN hod, nice on that
support test
[06:46 am] doji : Hey Shark, you have to
share those options strategies
[06:46 am] shark : 🙂
[06:47 am] doji : What is pushing the market
up?
[06:47 am] doji : The beige book?
[06:47 am] joeytsa : Romney won last night
haha[06:47 am] shark : money coming back in
from mutual funds/ IRA contributions
[06:47 am] rusty : sold 1/2 FSLR position
from 30 swing trade
[06:48 am] shark : FSLR has 35% short
interest (CNBC 1/10/2012)
[06:49 am] joeytsa : CRM coiling or
weakening? hmmm
[06:49 am] shark : consolidating for poss
higher move CRM
[06:50 am] joeytsa : has to hold this level,
but i agree, unless market tanks
[06:50 am] doji : NFLX pushing up
[06:50 am] joeytsa : SINA cracked big
[06:51 am] rusty : VXX hod[06:51 am] shark
: LULU filled gap -positive on day
[06:51 am] joeytsa : apple: look where SINA
cracked 🙂
[06:51 am] doji : URBN is a god
[06:52 am] shark : couldn’t understand the
prior CROX drop a few weeks ago
[06:52 am] shark : now look -coming back
[06:52 am] joeytsa : expecting $1B this
year
[06:53 am] apple : SODA moving
[06:54 am] shark : NFLX almost filling gap
here
[06:55 am] rusty : ROCHDALE’S BOVE SAYS
CITIGROUP TO EXPAND GLOBALLY NEXT 5 YRS
[06:55 am] rusty : Bove is brilliant
[06:55 am] joeytsa : BIDU falling
[06:55 am] shark : watching LULU NFLX
-similar 1min charts today
[06:56 am] joeytsa : yeah..i have them side
by side too
[06:56 am] rusty : CHK merits watching again
based on daily chart
[06:56 am] shark : like twin brothers
today
[06:56 am] rusty : for u gas lovers
[06:56 am] apple : SINA made a beautiful
drop
[06:57 am] shark : one of Cramer’s fave buys
CHK –
[06:57 am] rusty : at 40 lol[06:57 am] shark
: that was at $30+
[06:57 am] rusty : now he hates it
[06:57 am] joeytsa : flexibility
[06:58 am] rusty :
http://www.thestreet.com/mad-money/index.html
[06:58 am] doji : URBN long
[06:58 am] joeytsa : euro below $1.27
[06:58 am] shark : anyone know how he did in
his charitable portfolio last year?
[06:58 am] doji : Come to Papi NFLX
[06:59 am] joeytsa : market turned down
[06:59 am] joeytsa : BIDU,AMZN,NFLX all
followed
[06:59 am] shark : that Euro has been
overpriced for years
[07:00 am] joeytsa : see if AMZN loses the
178.50 area from yesterday
[07:00 am] apple : nice short on BIDU
[07:00 am] doji : Nice drop in the SPY… I
was waiting for that
[07:01 am] joeytsa : that’s why i avoided
URBN long right there..but seems to have
worked out
[07:01 am] shark : AAPL new lod[07:02 am]
doji : URBN just need a little help from the
SPY
[07:02 am] joeytsa : crude broke below $101
for a minute..inventories come out in 30
[07:04 am] joeytsa : if market can’t push
thru here, get your hammers ready 🙂
[07:05 am] doji : VMED frozen in time
[07:05 am] apple : LEA nice
[07:06 am] doji : Second help short in
NFLX
[07:07 am] apple : nice move on SINA
[07:09 am] doji : Home builders very SCRONG
today
[07:10 am] rusty : BVSN radar…thin but
overbought
[07:11 am] shark : PHM up over 100% since
Oct
[07:12 am] apple : SHLD made a nice move
today
[07:12 am] rusty : SHLD hod spike
[07:13 am] apple : LULU hod[07:13 am] rusty
: everyone short SHLD at 28-30 saying it was
going to zero
[07:13 am] rusty : now everyone long
lol[07:13 am] doji : Oil stocks weak
today…
[07:14 am] shark : joey -Nevada Gaming
Control Board announces November Las Vegas
Strip rev +9% YoY; +7% statewide
[07:14 am] apple : COG trending down
[07:15 am] doji : URBN slowly trending
up….
[07:17 am] rusty : RL was added to GS
conviction buy list just the other day
[07:18 am] rusty : downgraded by Wells Fargo
today
[07:19 am] rusty :
http://www.streetinsider.com/rating_history.p
hp?q=rl Goldman Sux[07:20 am] qwert : teva
back at lod[07:21 am] doji : LEN L 21.34
[07:21 am] shark : so if you were bullish on
AAPL a few minutes ago (as I was), you could
buy the AAPL Jan 13 $425 Call for 1.10 -now
worth 1.18
[07:22 am] shark : easier than spending
$420/share
[07:22 am] dmitry : PTEN
[07:22 am] shark : defined max risk –
$1.10/share too
[07:23 am] joeytsa : nice work shark
[07:23 am] shark : would love to see us add
some options to our daily trading diet
[07:24 am] doji : If you should have told us
few minutes ago, we would be $0.08 richer by
now…
[07:24 am] joeytsa : options work nice on
swings
[07:24 am] shark : and day trades too
[07:25 am] shark : too much time premium can
disappear overnight on the weeklys[07:25 am]
joeytsa : especially if you like to leg into
a trade, like kris mentioned yesterday
[07:26 am] shark : AAPL $425 call Jan 13 now
at 1.35
[07:27 am] shark : 1.47
[07:27 am] rusty : TSPT mini spike up
[07:28 am] joeytsa : beautiful moves so
far
[07:28 am] rusty : FSLR new hod[07:29 am]
joeytsa : nice rebound on a lot of stocks
since that mini-flush around the top of the
hour
[07:29 am] shark : bought for 1.10, sold for
1.45
[07:29 am] joeytsa : nice work
[07:29 am] shark : about 10 minutes
[07:30 am] joeytsa : oil supplies up by 5B
barrels
[07:30 am] joeytsa : analysts looking for 1B
ha
[07:30 am] lightning : yes, they just missed
the estimates in oil….by 4 B
[07:30 am] lightning : “just a bit
outside”
[07:31 am] shark : yeah, pump sale in….. 2
months. haha[07:31 am] joeytsa : oil down
60cents in a minute
[07:31 am] skydiver : S SHLD 32.06 – moving
stop down
[07:31 am] joeytsa : lightning: or can you
say they missed by 400% 🙂
[07:32 am] rusty : UPL radar
[07:32 am] lightning : joey, I think the
monkey hit the wrong section of the dartboard
this week.
[07:33 am] joeytsa : what a racket
[07:33 am] doji : SHLD… Rusty vs
Skydiver
[07:34 am] apple : let’s see who will win
[07:34 am] skydiver : out another 1/4
SHLD
[07:34 am] joeytsa : sad thing is that by
the time cnbc reports, the futures have
already moved
[07:34 am] apple : that SINA was a beauty
this morning
[07:34 am] doji : LEN out 1/2 position
long… will see if it breaks the hod[07:35
am] skydiver : sorry – didn’t see you in
SHLD Rusty – just jumped on the system after
a early meeting
[07:35 am] qwert : doji thx for len[07:35
am] skydiver : All out of SHLD
[07:35 am] doji : That is called “sharing”
Qwert…
[07:35 am] joeytsa : yeah apple, SINA real
nice
[07:35 am] apple : nice on LEN doji[07:36
am] skydiver : There goes SHLD – I got out
just in time on my short 🙂
[07:36 am] joeytsa : if not perfect,
close
[07:37 am] shark : LULU been moving
[07:37 am] joeytsa : LULU is a follow-thru
from yesterday
[07:38 am] joeytsa : the ES pushing for
hod[07:38 am] shark : 135 stores to 600
[07:38 am] apple : LULU perfect
[07:39 am] joeytsa : LULU main pro is also
the main con….it’s a niche product
[07:39 am] rusty : Michigan Treasurer says
Detroit to run out of money by May
[07:40 am] doji : SPY hod[07:40 am] apple :
surprise!
[07:40 am] doji : Record Chinese Gold
import…
[07:41 am] apple : DMND moving
[07:41 am] joeytsa : CRM kind of stuck in
the mud since the early pop
[07:41 am] shark : Lennar 952M vs 914M Q4-
WOW!
[07:45 am] lightning : S IDIX
[07:45 am] skydiver : SINA dropping – sorry
late on this
[07:46 am] joeytsa : SINA,BIDU..test res,
pulled back
[07:48 am] lightning : taking 1/4 off IDIX
short here
[07:48 am] skydiver : out 1/2 SINA short
[07:49 am] apple : good job light
[07:49 am] rusty : QCOR ALERT
[07:51 am] skydiver : PCOR mentioned
cautiously on The Street Sweeper blog – wow
they must have lost of clout
[07:51 am] skydiver : QCOR
[07:51 am] apple : QCOR nice
[07:52 am] rusty : negative report coming on
QCOR…be careful
[07:53 am] doji : QCOR L 39.5
[07:54 am] shark : DNDN
[07:55 am] rusty : DLTR light radar
[07:55 am] richard : watching EQT
[07:55 am] skydiver : SINA dropping
nicely
[07:57 am] apple : great trades on SINA this
morning
[07:58 am] rusty : AXP radar
[07:59 am] doji : Lost connectivity…. QCOR
stopped with a drop in the buck, that’s why I
always have my stop loss!
[07:59 am] apple : smart doji[07:59 am]
qwert : great trading doji[08:00 am] doji :
S NFLX 94.36
[08:01 am] doji : closing 1/2 S NFLX here
[08:02 am] skydiver : Nice doji on NFLX
[08:03 am] apple : DLTR lod[08:03 am] rusty
: Dollar stores going back to $1
[08:04 am] rusty : DLTR DG FDO
[08:04 am] apple : LULU consolidating
[08:04 am] apple : nice chart on ULTA
[08:05 am] shark : oh cool, charts on
CNBC
[08:05 am] shark : and pictures….
[08:05 am] apple : funny chart on SOHU
[08:06 am] rusty : HGSI radar
[08:07 am] rusty : cancel HGSI bad tick
[08:07 am] shark : SPY dropping
[08:08 am] apple : INFA turning over
again
[08:08 am] shark : NFLX testing lod[08:09
am] apple : COG lod[08:10 am] rusty : BVSN
close radar
[08:10 am] rusty : it’s a bull short kind of
trade…but it has a low float….need to be
very careful
[08:11 am] rusty : not for the faint
hearted
[08:11 am] rusty : or those with Vit D
deficiency
[08:15 am] rusty : HGT swingtrade radar
based on daily chart
[08:15 am] rusty : no rush
[08:15 am] lightning : closing the rest of
IDIX short…
[08:17 am] lightning : watching NFLX again
for a bounce…increasing volume
[08:19 am] joeytsa : anyone catch that time
lag drop on QCOR?
[08:19 am] rusty : everyone said NFLX was
going higher yesterday
[08:19 am] rusty : now 10% off highs
[08:20 am] apple : QCOR wonderful
[08:20 am] doji : out another 1/4 NFLX…
[08:20 am] Ed : will call it juicy qcor[08:20
am] doji : will trails last 1/4…
[08:20 am] joeytsa : seems to be 15-20
minutes in between moves
[08:21 am] doji : If NFLX loses 90 it could
be a free fall
[08:22 am] doji : Got it Mich… thanks
[08:22 am] joeytsa : BIDU dancing on the
prev cl
[08:23 am] doji : 35 is a good support for
QCOR
[08:25 am] apple : i did, MK
[08:25 am] joeytsa : good reminder
[08:25 am] rusty : FSLR new hod[08:25 am]
doji : NFLX parabolic
[08:26 am] scalpman : QCOR L @ 36.21
[08:27 am] lightning : gutsy price scalpie.
Nicely done.
[08:27 am] doji : all out NFLX short… will
wait for a weak rebound to open new short
later
[08:27 am] apple : i know somebody who did
that but only once!
[08:27 am] scalpman : Mitch…first
instincts are often correct…
[08:27 am] rusty : sold 2/3 of FSLR
swingtrade….riding rest
[08:28 am] doji : Fully agree with you
Mitch!
[08:28 am] joeytsa : more good advice
[08:28 am] scalpman : QCOR
short-lived….all out but some profit
[08:29 am] doji : Again Mitch, you are
correct!
[08:29 am] apple : thx for reminding us
MK
[08:29 am] skydiver : Thnx for the lesson on
stops Mitch –exactly right on
[08:29 am] lightning : I’m L QCOR 36.42
[08:29 am] doji : NFLX now moving up… 93
would be nice for another short
[08:30 am] doji : R=94 would be even
better…
[08:30 am] joeytsa : how about 92.27 🙂
[08:31 am] joeytsa : SINA failed 3 time
today around the 56.20 area
[08:31 am] scalpman : There’s a fight here
on QCOR…hard to know who will win. Going
sideways….will watch.
[08:31 am] doji : Watching DNDN
[08:31 am] doji : Don’t like the
consolidation with low volume in QCOR…
[08:31 am] joeytsa : the winner…the market
maker 🙂
[08:32 am] joeytsa : market maker
secret…they don’t care if the stock goes up
or down, they just want to find the level
that gives the most volume
[08:32 am] joeytsa : at least that’s how it
used to be
[08:33 am] apple : ULTA consolidating
[08:33 am] doji : NFLX nice V pattern
[08:33 am] joeytsa : CF trying to break
higher
[08:34 am] rusty : FSLR radar
[08:35 am] apple : WLT moving
[08:37 am] rusty : SQNS hod[08:37 am]
joeytsa : HLF quick spike
[08:38 am] rusty : sold 1/2 SQNS swingtrade
from 2.50’s
[08:38 am] rusty : will buyback on dips if
seen
[08:41 am] doji : NFLX doing its job
[08:41 am] apple : does NFLX have a job?
[08:41 am] apple : AWAY hod[08:41 am]
joeytsa : yeah, to make doji money 🙂
[08:42 am] skydiver : I had a very short day
— 4 wins 0 losses — make lots $ everyone.
See you tomorrow morning
[08:43 am] joeytsa : nice work sky
[08:43 am] skydiver : thnx joey – 🙂 You
guys are awesome and TSA awesome – 🙂
[08:43 am] joeytsa : yeah , this room
rocks
[08:43 am] apple : it sure does
[08:44 am] apple : SINA approaching
hod[08:44 am] joeytsa : yesterday we had a
nice swing trade lesson from kris, today a
nice scalp lesson from mitch[08:44 am] doji
: NFLX just hit previous lod[08:45 am] doji
: 93.37
[08:46 am] doji : I already shorted Mr.
King, small position…
[08:48 am] rusty : LIWA radar – negative
article
[08:49 am] joeytsa : doji: thanks for the
reminder about yesterday’s lod on NFLX…been
meaning to add that on my charts, finally
found it
[08:50 am] doji : Now QCORF moving
[08:51 am] joeytsa : WTW moving big
[08:54 am] doji : Trailing my stop in
NFLX… “just in case” I lose connectivity
[08:55 am] apple : nice quick one on WTW
[08:56 am] joeytsa : wow WTW fell much
further than i expected
[08:58 am] rusty : Hearing Avian securities
& PACS both making cautious comments on
Solars. PACS says would continue to avoid the
space fyi.
[09:00 am] shark : QCOR moving above short
term ma’s
[09:00 am] apple : OPEN hod[09:01 am] rusty
: TZOO worth watching
[09:02 am] scalpman : Calling it a
day…guys…see you tomorrow. Good profits
all on QCOR….
[09:07 am] shark : FSLR ALERT
[09:08 am] rusty : closed FSLR
swingtrade[09:08 am] shark : nice rusty
[09:09 am] shark : TSL rocking up 21%
[09:11 am] apple : nice on TSL
[09:11 am] joeytsa : absolutely love the
flexibility of esig charts…night and day
[09:11 am] qwert : guess i should have
flipped my tsl short
[09:12 am] joeytsa : talking about TXT on
cnbc[09:14 am] doji : Lower high in NFLX
[09:14 am] doji : Now full position… with
stop below b/e[09:15 am] doji : That is for
NFLX… will just watch from now on
[09:16 am] apple : TSL moving
[09:16 am] joeytsa : ISRG, biggest up mover
since the open
[09:17 am] rusty : Plosser says economic
conditions may require Fed to raise rates
before mid-2013
[09:17 am] doji : in % terms it moved only
1.2% Joey
[09:20 am] rusty : Analyst defending QCOR
[09:22 am] joeytsa : EUR/USD around sept
’10 levels
[09:22 am] doji : NFLX doing its job… Job
= Move on the direction I expected
[09:23 am] doji : Closing 1/2 here… will
see if it drops below the lod[09:23 am]
joeytsa : AAPL earnings 1/24…tendency to
run up into it
[09:27 am] joeytsa : CROX still pretty
strong overall
[09:28 am] rusty : QCOR defended by second
analyst
[09:31 am] joeytsa : eye on ACHN from
yesterday..
[09:31 am] shark : CMG hod[09:31 am] joeytsa
: testing yesterday’s high
[09:32 am] rusty :
http://stockcharts.com/h-sc/ui?s=$BPFINA&
amp;p=D&yr=0&mn=6&dy=
0&id=p85568819359
[09:32 am] joeytsa : shark, talking about
housing markets earlier….
[09:32 am] shark : yeah….
[09:32 am] joeytsa : seems like most people
in construction don’t see it…
[09:33 am] shark : see a bottom, you
mean?
[09:33 am] joeytsa : also commercial
construction seems to have worse 2012 outlook
than in both 2010 and 2011
[09:33 am] shark : for vegas?
[09:34 am] joeytsa : i take it as more
pain
[09:34 am] joeytsa : seems to be an overall
take
[09:34 am] shark : sooo much new building
going on in Miami
[09:34 am] rusty : WHITE HOUSE DENIES ANY
US. ROLE IN ASSASSINATION OF IRANIAN NUCLEAR
SCIENTIST
[09:34 am] joeytsa : there is building here
too….not much buying
[09:35 am] joeytsa : throw in low rates,
shadow inv…how can home prices rise??
[09:35 am] joeytsa : I’m confused
[09:35 am] shark : rents going up
[09:35 am] shark : means more investors will
buy inventory to supply to tenants
[09:36 am] joeytsa : GS just went above
$100
[09:36 am] joeytsa : yeah..you are right
[09:36 am] shark : where I live in LA, less
than 3% of properties for sale
[09:37 am] shark : in hawaii, 5 units in a
580 unit complex for sale
[09:37 am] shark : and with condos, you can
find out if there is shadow inventory
[09:37 am] shark : by asking HOA to let you
know who isn’t paying dues
[09:37 am] rusty : Financials strong but
getting a little overbought
[09:38 am] shark : one can somewhat
extrapolate that data to houses
[09:38 am] rusty : Financials bullish
percent 715+
[09:38 am] joeytsa : that’s what’s great
about this room. Members in all areas of
work/experience
[09:38 am] apple : joey that was a nice gap
up on the daily GS
[09:38 am] rusty : 71%+
[09:38 am] qwert : joey can you tell me
where previous day close is on esignal to add
to chart
[09:39 am] joeytsa : formulas..just added
them to all my charts
[09:39 am] joeytsa : added prev day hi/low i
mean
[09:40 am] joeytsa : you have to edit it
after you add it
[09:40 am] shark : TSL mention on CNBC
[09:40 am] shark : FSLR too
[09:40 am] joeytsa : edit studies, click on
study on left…
[09:41 am] shark : LULU short working off
double top
[09:41 am] shark : sorry, did not advise you
doji[09:41 am] rusty : CNBC mentioned to
short FSLR and TSL couple weeks ago
[09:41 am] joeytsa : click on box for
color..set it how you like..i have prev cl a
thick yellow line
[09:41 am] rusty : now noticing as a long
[09:42 am] doji : I’ll take revenge with
NFLX
[09:42 am] shark : that is a good one doji
-NFLX
[09:43 am] rusty : PIR lod, interesting on
daily chart
[09:44 am] shark : analyst said reasonably
priced -PIR
[09:44 am] rusty : when shark?
[09:44 am] shark : today
[09:46 am] shark : Argus initiates PIR with
a Hold saying while they are optimistic about
the company’s growth initiatives and believe
that Mr. Smith and CFO Cary Turner have
earned confidence by reviving the business
and restoring PIR to profitability in a
challenging environment, their analysis
suggests that the shares are trading close to
fair value, which they estimate at $14-$16
per share.
[09:47 am] shark : PIR traded for .10cents
in 2009
[09:47 am] shark : I missed it…..
[09:47 am] rusty : initiate with a hold
[09:49 am] shark : FSLR s
[09:50 am] rusty : GRPN LNKD et al
[09:52 am] joeytsa : REGN quick
up/down..late[09:52 am] rusty :
http://stockcharts.com/h-sc/ui?s=$BDI&
;p=W&yr=2&mn=0&dy=0&a;
mp;amp;id=p74256662669
[09:52 am] rusty : Baltic dry index
[09:52 am] rusty : worth watching the
shippers for outliers
[09:52 am] joeytsa : nice rusty…i forgot
all about the baltic[09:53 am] rusty : long
and short
[09:53 am] shark : They say AAPL buy to $550
-but not when. They say sell – but they don’t
say what PRICE or WHEN
[09:53 am] rusty : Baltic good one to
watch
[09:53 am] joeytsa : REGN made a double top
on that last pop
[09:53 am] joeytsa : yeah, i used, stopped
for some reason
[09:54 am] joeytsa : no one on wall st cares
if you make money..they only care if THEY
make money
[09:55 am] apple : true
[09:55 am] rusty : and they use us to make
money
[09:56 am] joeytsa : market makers had a
field day back in the fractions era
[09:56 am] apple : that’s what i think the
OWS group was protesting…
[09:56 am] Ed : that’s why they want us to
keep our money put in retirement plans
[09:56 am] joeytsa : sure is Ed
[09:56 am] apple : what’s that, E?
[09:56 am] doji : NFLX at trendline
resistance
[09:56 am] rusty : 401k = pyramid scheme
[09:56 am] Ed : the old buy and hold
[09:56 am] rusty : perhaps even a
ponzi[09:56 am] joeytsa : they take that
money and trade options haha[09:57 am] doji
: SHLD upgraded by Doji!
[09:57 am] joeytsa : look at most banks
biggest profits..they come from the trading
dept, but they tell everyone to stay invested
24/7/365
[09:57 am] apple : right
[09:58 am] Ed : u got it, “using others
money”
[09:58 am] rusty : for those of you that
want to short pension plans…had a long talk
with accountant the other day….lotta ways
to do it….this guy very good
http://www.traderstatus.com (this is not a
paid infomercial)
[10:00 am] mhaus : WLT
[10:00 am] shark : LULU may be bottoming
[10:00 am] joeytsa : WLT spike
[10:01 am] shark : LULU all out short
[10:01 am] apple : we are all on top of
this!
[10:01 am] apple : so is E!
[10:01 am] shark : LULU and CMG on CNBC this
hour
[10:01 am] rusty : XCO interesting on daily
chart…hammer with volume
[10:01 am] joeytsa : WLT…unlearned repeat
lesson from yesterday arrrgggghhh[10:02 am]
joeytsa : one of these days i will remember
it
[10:03 am] joeytsa : gotta learn how to set
alerts
[10:03 am] shark : FSLR lot of support in
this are on the 1min
[10:03 am] mhaus : watching P
[10:04 am] shark : all out FSLR short –
[10:05 am] joeytsa : BIDU, nice chart to
study
[10:05 am] mhaus : SINA
[10:05 am] shark : if you like whiplash,
joey
[10:05 am] rusty : RNF radar on daily
chart…too thin to daytrade but worth
watching
[10:06 am] apple : thx joey, nice turnaround
at noon
[10:06 am] joeytsa : shark: yeah, but look
at all of those s/r runs
[10:06 am] shark : would be good for
weeklys…
[10:07 am] apple : joey nice gap up on BIDU
daily
[10:07 am] joeytsa : 4 important levels on
BIDU…
[10:08 am] shark : CMG new hod[10:08 am]
joeytsa : 126.06,126.88,127.30,128.12
[10:08 am] apple : SINA also had a nice run
up since noon
[10:09 am] shark : is getting a darn
intraday chart for options asking too
much???
[10:09 am] joeytsa : tighten stop on WLT if
long
[10:10 am] rusty : you don’t have one
shark?
[10:11 am] doji : See you in 30 minutes
guys… watch NFLX for me…. for another
short later
[10:11 am] victor51 : need help. I am not
getting full screen. I am able to increase
the width but not the height of the screen
for TSA
[10:12 am] joeytsa : victor: overall or on
the chart?
[10:13 am] shark : I do not, rusty.
[10:13 am] shark : do you know of someone
that provides one?
[10:13 am] rusty : Realtick[10:13 am] shark
: CMG moving higher
[10:13 am] shark : oh, nice. THX!
[10:17 am] apple : SINA hod[10:17 am] shark
: CMG
[10:17 am] joeytsa : WLT was nice
[10:17 am] joeytsa : BIDU coming into res
[10:18 am] apple : nice and quick!
[10:19 am] joeytsa : CF nice daily chart
since mid dec[10:19 am] joeytsa : coming
into a trend res level
[10:21 am] victor51 : Joey, overall. i can
drag for width but not height. Thanks.
[10:22 am] joeytsa : not sure victor, i seem
to be able to drag up/down
[10:23 am] joeytsa : DECK made a nice
move
[10:30 am] shark : LULU popping now
[10:32 am] shark : LULU- CEO coming up on
CNBC
[10:42 am] apple : nice chart on LULU
[10:46 am] goldrecord : DECK double top
[10:47 am] joeytsa : DECK tricky, doubletop,
sitting on important level
[10:51 am] mhaus : MAKO
[10:51 am] rusty : CRL light radar
[10:51 am] rusty : sorry missed the alert
[10:54 am] shorty : rusty: wasn’t HGSI one
of your calls for EOY tax losses?? What else
did you suggest?
[10:56 am] rusty : there were many but few I
mentioned here were FSLR, HGSI, SQNS
[10:56 am] rusty : ty January effect
[10:59 am] apple : COG trending down all
day, lod[11:00 am] apple : thx E, just
did
[11:00 am] Brent : good one ed[11:00 am] Ed :
tank u
[11:00 am] mhaus : ALR
[11:02 am] apple : LULU moving up again
[11:05 am] doji : Thanks for ALR!
[11:05 am] apple : ALR great
[11:07 am] qwert : thx for alr[11:07 am]
doji : Partially filled but got 0,65
cents/share… great
[11:08 am] Brent : good job traders
[11:08 am] apple : thank you B and MK!
[11:08 am] rusty : HGT putting in a hammer
type candle
[11:08 am] qwert : and mhaus[11:09 am] apple
: and mhaus!!!!
[11:10 am] gamou : DNDN
[11:10 am] gamou : 13.93
[11:11 am] mhaus : VRA
[11:11 am] doji : DND resistance at 13.6
gamou[11:12 am] gamou : it has the high of 5
months in .95
[11:12 am] rusty : BRF radar
[11:12 am] rusty : kind of V botom[11:13 am]
rusty : BRF etf nevermind[11:14 am] doji :
You are right Gamou…
[11:14 am] doji : My previous quote was for
Support
[11:14 am] doji : ALR dropping again
[11:15 am] joeytsa : here’s the time lag
[11:16 am] doji : ALR new low
[11:16 am] apple : look at ALR!
[11:16 am] rusty : what do you see
aapl[11:16 am] doji : Now what?
[11:17 am] apple : that big drop again and
now it’s moving up
[11:18 am] apple : i took it long again at
21.50
[11:19 am] doji : apple, the lower I have in
my chart is 21.51
[11:19 am] rusty : 21.50 lod[11:19 am] rusty
: 21.51 correct
[11:19 am] rusty : good fill aapl[11:19 am]
qwert : nice apple
[11:19 am] apple : sorry typo 21.60
[11:20 am] joeytsa : still a nice price
[11:22 am] joeytsa : seems like things are
trending down
[11:23 am] rusty : SHLD ALERT
[11:23 am] rusty : SHLD ALERT
[11:23 am] qwert : shld up 3% from kris
swing call
[11:23 am] apple : i got it at 32
[11:24 am] rusty : i sold too early
[11:24 am] qwert : nice i got tiny bit at
32.28
[11:24 am] rusty : GS falling
[11:24 am] rusty : a bit
[11:24 am] joeytsa : been watching that
rusty…from over 100
[11:25 am] Brent : nice one Kert[11:25 am]
apple : from the height at noon
[11:26 am] apple : NFLX broke 93
[11:26 am] doji : QCOR new lod[11:26 am]
mhaus : TZOO turning over
[11:27 am] joeytsa : on GS, yesterday’s high
has been a magnet
[11:27 am] doji : See if it breaks 93.5
[11:27 am] doji : NFLX
[11:28 am] apple : interesting 99
[11:31 am] apple : COG dropped 7 pts
today
[11:31 am] doji : SHLD running
[11:32 am] doji : all shorts covering as
fast as they can!
[11:32 am] doji : SHLD parabolic
[11:32 am] joeytsa : maybe doji.. break
above the 20ma might lead to a 45-50
target
[11:33 am] doji : 20msa 38.81
[11:34 am] joeytsa : yep
[11:34 am] apple : on what chart?
[11:34 am] joeytsa : daily for me apple
[11:35 am] joeytsa : COG with another leg
down
[11:35 am] qwert : i have 20sma on shld
daily at 40.01
[11:35 am] apple : i got 41.38… go
figure…
[11:36 am] joeytsa : I’m using ema on that
chart sorry 🙂
[11:36 am] joeytsa : eyeballing it, looks
between 38-39
[11:36 am] apple : i got 40.24
[11:37 am] apple : DNDN broke 14
[11:42 am] apple : QCOR lod[11:42 am] rusty
: SHLD tiring a bit
[11:46 am] apple : QCOR moving up
[11:49 am] rusty : BVSN hod[11:50 am] apple
: nice move on QCOR L at 34.95
[11:51 am] joeytsa : WYNN quietly having a
nice day
[11:52 am] doji : DNDN
[11:52 am] Ed : nice trade apple
[11:53 am] apple : thx, obviously i caught
the low and saw the oppty[11:53 am] joeytsa
: apple: you are killing it !!!
[11:53 am] shark : CROX loudly having a nice
day
[11:54 am] joeytsa : COG going for lod[11:54
am] apple : tomorrow should be interesting
for COG
[11:54 am] joeytsa : i like the loud ones
better, i miss the quiet ones
[11:55 am] joeytsa : WYNN was no
excuse…blew that one
[11:55 am] shark : and CROX?
[11:56 am] joeytsa : i would take CROX, just
like the WYNN range more
[12:00 pm] joeytsa : watch stop on COG if
short
[12:03 pm] joeytsa : COG losing $70
[12:04 pm] joeytsa : thanks Mitch
[12:05 pm] joeytsa : WYNN looking for
hod?
[12:07 pm] rusty : JOE ALERT
[12:07 pm] rusty : JOE ALERT
[12:09 pm] doji : JOE parabolic
[12:09 pm] joeytsa : COG running higher
also
[12:09 pm] Ed : did u reverse joey, cog
[12:10 pm] joeytsa : no, got out of the
short and was watching something else
[12:10 pm] joeytsa : will look for another
short setup though
[12:12 pm] joeytsa : Ed: it was a decent
setup, i just didn’t trust it..esp with the
overall trend
[12:12 pm] Ed : right brain arguing with left
brain
[12:12 pm] doji : Nice JOE
[12:12 pm] joeytsa : yeah
[12:13 pm] doji : SHLD reversing
[12:14 pm] doji : FSLR dropping
[12:15 pm] doji : Need to lose 42 first
[12:20 pm] mhaus : TZOO
[12:25 pm] joeytsa : the ES trying to push
higher
[12:25 pm] shark : SPY pop
[12:26 pm] joeytsa : watch stop if long
WYNN
[12:27 pm] victor51 : Rusty, Thanks for
SHLD. It was sweet
[12:29 pm] apple : look at COG hugging that
20 sma[12:29 pm] rusty : appl = voyeur
[12:30 pm] rusty : not sure was my call
victor but glad u prospered
[12:30 pm] goldrecord : Rusty, how can u
tell SHLD tiring?
[12:30 pm] rusty : one minute candles were
getting stretched
[12:31 pm] rusty : just like when last
person tries to get on a moving train
[12:31 pm] goldrecord : near the top?
[12:31 pm] rusty : i like when candle range
increases after a big run up
[12:32 pm] apple : yes, so do i rusty
[12:32 pm] rusty : its often a sign of a
short squeeze and/or people chasing price
[12:32 pm] rusty : which usually ends in
exhaustion
[12:32 pm] doji : You mean when it’s moving
up before reversing Rusty?
[12:32 pm] rusty : yup
[12:32 pm] doji : got it!
[12:33 pm] rusty : parabolic move with
biggest candle at top
[12:33 pm] rusty : followed by collapse
[12:33 pm] goldrecord : thnx Rusty
[12:33 pm] rusty : because of exhaustion
[12:33 pm] joeytsa : nice explanation rusty
!!
[12:33 pm] rusty : not because of sellers
[12:33 pm] rusty : but lack of buyers
[12:33 pm] joeytsa : that’s why stocks fall
faster than climb usually
[12:34 pm] richard : explained nicely rusty,
ty[12:34 pm] joeytsa : buyers can just step
away and prices tumble
[12:34 pm] joeytsa : great use of candle
range rusty
[12:35 pm] rusty : 2nd clue….look at
volume at largest candle
[12:36 pm] rusty : that suggests a turnover
is imminent
[12:36 pm] apple : yes
[12:36 pm] qwert : perfect explanation
[12:36 pm] apple : stoch also started
turning next minute
[12:36 pm] goldrecord : Rusty thnx very much
for perfect explanation
[12:36 pm] joeytsa : out COG, what a
dogfight…
[12:37 pm] joeytsa : that’s what i get
trying to short with the market going
higher
[12:37 pm] apple : at least you’re out now,
starting to move up
[12:37 pm] joeytsa : made a bucket drop, but
trade belongs in the “idiot” file
[12:38 pm] joeytsa : 10 more seconds and i
would have had a nice 30 minute breakeven
trade
[12:38 pm] apple : that’s what i was
thinking…
[12:39 pm] rusty : both SHLD and FSLR did
the parabolic thing today
[12:39 pm] doji : SHLD approaching VWAP
[12:39 pm] rusty : so now they need to
rest
[12:39 pm] joeytsa : that was timing
luck…only time i think luck comes into
play
[12:39 pm] Ed : timing and price so key
[12:39 pm] joeytsa : actually saw the ES
coming into some support with stochs turn
up
[12:39 pm] apple : i had taken it long when
it turned and got out at 70.65
[12:40 pm] apple : just watching and paying
attention!
[12:40 pm] qwert : apple this has got to be
one of your best days you are killing it
[12:41 pm] apple : thx, it has been an
excellent day!
[12:41 pm] doji : SLB
[12:41 pm] rusty : DLTR small spike up
[12:41 pm] joeytsa : a few in a row now
huh
[12:41 pm] goldrecord : Doji what will be
next when reaching VWAP?
[12:42 pm] doji : On SHLD should be support.
If it break it, then the next would be the
pivot or the SMA
[12:42 pm] joeytsa : nice fakeout on
COG..missed that one
[12:43 pm] apple : JOE moved up nicely
[12:43 pm] goldrecord : thnx Doji[12:43 pm]
qwert : cog new lod[12:43 pm] apple : joey,
better to have missed than to think the trade
was only b/e[12:44 pm] doji : ALR also
moved
[12:44 pm] qwert : agree
[12:44 pm] apple : you could have shorted it
again…
[12:44 pm] apple : it’s late now, tho[12:44
pm] joeytsa : agreed apple, missed that
last short
[12:44 pm] apple : joey, just remember,
tomorrow is another day!
[12:45 pm] joeytsa : yep
[12:45 pm] apple : besides COG is playing
games now
[12:45 pm] doji : Here comes NFLX looking
for 90….
[12:45 pm] qwert : made 18 trades today and
still feel like i missed a lot
[12:46 pm] Ed : thats more than ur normal
qwert[12:46 pm] joeytsa : qwert: a good
trader knows when not to trade 🙂
[12:46 pm] joeytsa : so think of yourself as
good
[12:46 pm] qwert : oh yeah usually around 8
to 12
[12:47 pm] goldrecord : Rusty, NFLX is in
parabolic setup as you explained
[12:47 pm] goldrecord : but the reverse
form
[12:47 pm] joeytsa : ok everyone…see you
all in the morning…great calls
[12:48 pm] rusty : it’s going down but not
parabolic this moment
[12:48 pm] rusty : parabolic think roller
coaster
[12:48 pm] doji : Bye Kris, Ed… NFLX was
fabulous today……
[12:48 pm] rusty : at top and bottom
[12:50 pm] rusty : parabolic where each
candle higher than the next…not just part
of candle but whole candle….not just price
going higher but people chasing the price.
Like when AAPL put news Ipad on sale
[12:54 pm] mhaus : UAN
[12:58 pm] qwert : goodnight everybody
great day see ya in the am thanks for great
calls
[12:58 pm] Ed : take care qwert[12:59 pm]
rusty : BVSN closing near high
[01:00 pm] goldrecord : Rusty i appreciate
your on the job lesson
[01:01 pm] rusty : np gold…lotta good
people and tidbits in this room
[01:03 pm] goldrecord : wow COG rocketed
after market
[01:04 pm] Mitch K: what are you referring to
goldrecord? COG has not changed after market
that i see
[01:05 pm] goldrecord : on my ninja 1 min
chart it went to 76.86
[01:05 pm] goldrecord : from low of 69.59
[01:07 pm] goldrecord : any effect on
tomorrow’s opening price of COG?
[01:11 pm] rusty : was probably an earlier
print
[01:11 pm] rusty : should be no effect on
tomorrow
[01:11 pm] rusty : current mkt 69.65 x
69.89
[01:14 pm] goldrecord : i am using IB data
feed into ninja. may be something wrong with
my combination
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