am] Brent : good morning
[06:21 am] Ed : good morning traders
[06:24 am] Kris : good morning peoples
[06:25 am] Kris : long side watching SINA,
SHLD, OCR, ADP, EAT and PFE
[06:26 am] Kris : short side watching DKS,
WSM, PMC, JAZZ, BBG and CHK
[06:31 am] Kris : WSM short half
[06:32 am] Kris : APA short half
[06:32 am] Kris : TSCO long half
[06:33 am] Kris : watching QCOR for a long
[06:35 am] Kris : PMC short half
[06:35 am] Mitch K: watching LEAP for
short
[06:35 am] Mitch K: watching TSCO for
short
[06:37 am] Brent : watching NFLX for a
bounce
[06:38 am] Kris : watching BAX for a short
[06:39 am] Mitch K: consider covering LEAP if
short
[06:40 am] Kris : looking for my second half
TSCO long soon
[06:40 am] Kris : out half APA short
[06:40 am] Kris : SPY getting some selling,
making new lows
[06:40 am] Mitch K: watching ILMN for top to
short
[06:41 am] Brent : watching FSLR for a
bounce
[06:41 am] Kris : watching WWW
[06:45 am] Kris : long second half TSCO
[06:45 am] Kris : will watch for a SINA long
around 57.80
[06:46 am] Kris : watching VRTX for a long
reversal, support around 36.00
[06:46 am] Mitch K: watching WLK for top to
short
[06:47 am] Mitch K: watching CVD for bottom
to buy
[06:47 am] Mitch K: watching WWW for
bottom
[06:48 am] Brent : consider reducing NFLX
[06:48 am] Kris : watch NFLX for a new lod
too, could get some good selling
[06:48 am] Kris : will short JAZZ on a new
lod[06:51 am] Kris : watching MCP for a short
reversal
[06:52 am] Mitch K: watching COG for a top to
short
[06:56 am] Kris : JAZZ dead cat bounce off
support
[06:57 am] Kris : SPY coming into
resistance
[06:57 am] Mitch K: consider reducing ILMN if
short 35 area
[07:00 am] Kris : if you got JAZZ short, look
to take some off here
[07:01 am] Kris : WWW having a little trouble
with the bounce
[07:02 am] Kris : might consider reducing WWW
if you’re long, that last spurt of market
buying helped prop it up a little
[07:05 am] Kris : V strong against the
market
[07:06 am] Kris : APA approaching lod[07:07
am] Kris : big selling
[07:07 am] Kris : lod = low of day
[07:07 am] Kris : SPY new lod[07:11 am] Mitch
K: Consider covering TSCO if short
[07:13 am] Mitch K: consider covering COG if
short
[07:16 am] Ed : DMND moving
[07:16 am] Kris : ITMN looking weak, watch
for new lod[07:16 am] Kris : thanks eddie
money
[07:17 am] Kris : NFLX heading for lod[07:17
am] Mitch K: watching CLR for bottom to
buy
[07:18 am] Kris : VVUS strong against the
market
[07:20 am] Kris : JAZZ new lod[07:20 am] Kris
: lod[07:21 am] Mitch K: WRC toppy, looking
for short
[07:26 am] Mitch K: DMND toppy
[07:27 am] Mitch K: QCOR bounce topping
out
[07:28 am] Ed : CHKR watching
[07:28 am] Ed : thx mhaus[07:28 am] Mitch K:
CHKR interesting
[07:30 am] Mitch K: watching LNKD for
short
[07:34 am] Kris : ITMN new lod[07:35 am] Kris
: CHK trying for new lod[07:35 am] Kris :
looking for the big flush
[07:36 am] Ed : reduce CHKR
[07:36 am] Kris : SPY another weak move off
the lows
[07:38 am] Ed : FOSL hod[07:40 am] Ed :
watching FOSL
[07:42 am] Kris : ITMN falling out of bed
[07:43 am] Mitch K: consider covering LNKD
[07:44 am] Mitch K: FOSL toppy
[07:45 am] Kris : NFLX testing lod, could
this be the one?
[07:46 am] Kris : yeah joey, I’m thinking one
more lower high
[07:47 am] Ed : reduce FOSL
[07:47 am] Kris : APA new lows, still holding
1/4 position
[07:47 am] Kris : get one more group of
sheeple in
[07:49 am] Mitch K: WWW toppy
[07:52 am] Kris : we may be getting in the
spy low for the day
[07:53 am] Ed : out more FOSL
[07:53 am] Mitch K: look for 82.50 area on
FOSL now that it broke below 83
[07:58 am] Mitch K: worth small short on
WRC
[07:58 am] Mitch K: WRC toppy
[08:03 am] Ed : holding last 1/4 CHKR
[08:03 am] Ed : reduce more CHKR
[08:04 am] Ed : will trail it & let
market stop me out
[08:09 am] Kris : this might be the real deal
on the RIMM rumor
[08:10 am] Kris : I would be careful shorting
it
[08:10 am] Kris : it’s acting like it
[08:12 am] Kris : and you know how I love
shorting that stock
[08:18 am] Mitch K: you guys should not doubt
the old CHinese man. FOSL hit 82.49,
lol[08:19 am] Mitch K: on the bid! lol[08:30
am] Kris : wise chinese man once say never
doubt wise chinese man.
[08:35 am] Mitch K: watching MCP for possible
short, , watching at this point
[08:45 am] Ed : ILMN hod[08:53 am] Mitch K:
missed RKT top but here is chart on left,
[08:55 am] Ed : out all CHKR
[08:55 am] Mitch K: watching PVH
[08:58 am] Mitch K: PVH toppy
[08:59 am] Kris : SPY starting to come into
resistance
[09:15 am] Mitch K: consider covering RKT
[09:15 am] Mitch K: MCP spiking
[09:27 am] Kris : YOKU running
[09:53 am] Mitch K: still watching JOE run
[09:55 am] Ed : PVH hod[09:59 am] Ed : keep
eye on OXY around the 100ish area
[09:59 am] Ed : see how she acts
[10:09 am] Ed : OXY turning over
[10:17 am] Ed : missed COG short
[10:17 am] Ed : next time
[10:28 am] Brent : SPY at trendline
support
[10:36 am] Ed : FOSL hod[10:38 am] Ed : would
reduce OXY if u took short
[10:39 am] Ed : VAR moving
[10:41 am] Ed : reducing more OXY here
[10:44 am] Ed : DECK lod[11:05 am] Mitch K:
watching WCC
[11:10 am] Ed : out all OXY
[11:49 am] Mitch K: watching WYNN
[11:59 am] Mitch K: watching NFLX
[12:01 pm] Mitch K: NFLX toppy
[12:21 pm] Ed : AMZN lod[12:50 pm] Mitch K:
same with NFLX, baby short
[12:50 pm] Mitch K: watching CFX
[12:50 pm] Mitch K: WYNN quickie short
here
[12:55 pm] Ed : 5 min to close
[12:57 pm] Mitch K: watching IGT
[12:59 pm] Mitch K: later guys, see you
tomorrow. good action this week
[01:00 pm] Ed : have great evening
[01:00 pm] Kris : everyone have a good night.
see you tomorrow.
[01:01 pm] Brent : have a good night, see you
in the morning
|
[06:09 am] joeytsa : since beginning of
year..stocks above 50ma has risen from 69% to
78%
[06:09 am] joeytsa : above 150ma..51% to
60%
[06:10 am] qwert : joey where do you see
that info
[06:10 am] joeytsa :
http://stockcharts.com/def/servlet/SC.pnf?cha
rt=$NYA150r,PLTADANRBO[PA][D][F1!3!!!2!20]&am;
p;amp;pref=G
[06:10 am] joeytsa : put in $NYA50r for the
other
[06:11 am] joeytsa : 57% of NYSE are on
p&f buy signals also
[06:15 am] joeytsa : the ES topped out
between 1297-1298 overnight..trying for that
1300
[06:19 am] doji : SHLD has hammered early in
the morning…
[06:19 am] doji : Hope your swing positions
were small
[06:19 am] khall : yes, I saw that – not so
excited about it
[06:23 am] joeytsa : SHLD falling due to CIT
Group saying it would no longer finance loans
to suppliers awaiting payment from the
company
[06:24 am] joeytsa : lowest prices for
winter gas in a decade
[06:25 am] apple : SINA made a nice gap this
am
[06:27 am] rusty : watching ACHN BVSN
[06:27 am] rusty : and perhaps IDIX
[06:28 am] joeytsa : CVX will get some
play
[06:28 am] joeytsa : the ES trending down
since highs around 4:30am pst[06:28 am]
joeytsa : oil trying to push thru 102
[06:29 am] apple : 1 min
[06:29 am] joeytsa : TSCO will move too
[06:30 am] joeytsa : out CVX, quick
[06:31 am] joeytsa : should make more
moves
[06:32 am] joeytsa : trailing TSCO long
[06:33 am] joeytsa : CVX running again
[06:34 am] joeytsa : VIX at 21.01
[06:35 am] apple : thx joey
[06:35 am] joeytsa : out TSCO
[06:35 am] khall : NFLX going down
[06:35 am] doji : NFLX S
[06:36 am] joeytsa : oil on a tear, up $1
since last update
[06:38 am] joeytsa : AMZN looking for a
bottom?
[06:39 am] rusty : BVSN lod[06:39 am] doji
: Watching FSLR for L
[06:39 am] joeytsa : COG trying to find a
bottom also
[06:39 am] joeytsa : hope you caught that
short Ed 🙂
[06:40 am] doji : NFLX broke 90…. nice!
[06:40 am] rusty : BVSN alert
[06:41 am] joeytsa : watching REGN for a
top
[06:41 am] doji : all out NFLX S
[06:41 am] apple : love COG
[06:41 am] rusty : JAZZ radar
[06:42 am] joeytsa : yeah apple, nice
morning so far
[06:42 am] apple : i’ll say!
[06:42 am] mhaus : WLK
[06:42 am] rusty : TLT hod[06:45 am] doji :
Second leg short NF:X
[06:46 am] joeytsa : BIDU nice run down to
the prev cl
[06:47 am] apple : thx mhaus S WLK 50.38
[06:49 am] doji : Already short second
leg
[06:49 am] doji : NFLX
[06:49 am] doji : SPY approaching lod[06:49
am] mhaus : COG
[06:51 am] joeytsa : DECk having a rough
morning
[06:51 am] shark : yeah, DECK, rough
[06:51 am] doji : FSLR lod[06:51 am] joeytsa
: COG just a beauty
[06:57 am] doji : Here it comes NFLX…
[06:59 am] joeytsa : REGN has been nice so
far, love morning with lots of movers
[07:00 am] mhaus : WLK still strong
[07:00 am] doji : FSLR close to 40
[07:00 am] shark : check out the V bottom in
BAC
[07:02 am] rusty : JAZZ lod[07:03 am]
joeytsa : if REGN can hold here, might try
for hod[07:04 am] joeytsa : target announces
a $5B buyback
[07:04 am] joeytsa : not breaking news..from
a little earlier
[07:05 am] shark : NFLX getting riding
support area from 1/9 gap up
[07:05 am] lightning : out 1/2 MCP short
[07:06 am] shark : HD -50% move since
Aug!!!
[07:06 am] joeytsa : yeah Kris..they crossed
the 20sma..first time in at least 20 days
[07:06 am] rusty : LNG radar
[07:06 am] shark : oh sweeet, Kris -V
[07:06 am] joeytsa : SAFM strong today
[07:07 am] shark : really big?
[07:08 am] Kris : lol[07:08 am] Kris :
moderately above average big selling
[07:08 am] joeytsa : seems like with all of
this “good news” i keep hearing, shouldn’t
this market have hit 1300 by now?
[07:08 am] rusty : covering about a third of
JAZZ swing short from other day
[07:09 am] Kris : markets + logic?
[07:09 am] Ed : + illogic
[07:09 am] Kris : nice short swing rusty
[07:09 am] Ed : =illogic
[07:09 am] joeytsa : but when you add in the
mutual funds adding..this market should have
roared thru that level
[07:10 am] doji : FSLR is a dog
[07:10 am] joeytsa : guess that’s why i
still have that bearish bias cloud over my
head
[07:10 am] Kris : I don’t see mutual fund
volume coming into the market in the past few
sessions
[07:10 am] joeytsa : that’s what i
mean..this should have pushed
[07:10 am] doji : I feel the same Joey, that
is why I don’t take prisoners
[07:12 am] joeytsa : APA lod[07:12 am]
lightning : covered last part of JAZZ
short
[07:12 am] shark : APA nice, joey
[07:12 am] mhaus : QCOR
[07:13 am] mhaus : WRC back up
[07:14 am] doji : Big sell now
[07:14 am] rusty : BMW announces adding 300
jobs, investing $900 million into South
Carolina plant
[07:14 am] lightning : that’s just $3
million per job
[07:14 am] doji : SPY broke 129 support
[07:14 am] joeytsa : keeping my trades to
the short side for the moment
[07:15 am] doji : Mortgage insurers are
strong today
[07:15 am] shark : agreed, joey
[07:15 am] shark : could go long TZA,
though
[07:15 am] joeytsa : anyone know who insures
V/MA??
[07:16 am] shark : insures? from what?
[07:16 am] lightning : sounds like another
jobs plan.
[07:16 am] joeytsa : from the people who
won’t be paying their holiday bills the next
couple of weeks 🙂
[07:16 am] shark : the banks
[07:16 am] rusty : DMND ALERT
[07:16 am] shark : cover and provide the
$$$
[07:16 am] shark : V/MA are the licensing
co
[07:16 am] joeytsa : ahhh thanks…wasn’t
sure
[07:17 am] shark : MA/V make $ on each
transaction like a broker
[07:17 am] shark : they lose zero
[07:17 am] joeytsa : nice
[07:18 am] shark : 🙂 good biz model,
ehhh?
[07:18 am] joeytsa : the ES trying to hold
this 1284 level
[07:18 am] joeytsa : love it haha[07:18 am]
lightning : out last part of MCP short.
[07:18 am] shark : V turning over
[07:18 am] rusty : FAZ worth watching
[07:19 am] rusty : CHK lod…nat gas numbers
soon
[07:19 am] lightning : shark is right. V
and MA have no exposure. AMEX though does
own its consumer debt.
[07:19 am] shark : wow!!! CHK, thx rusty
[07:20 am] shark : good point, AMEX,
lightning!
[07:20 am] lightning : as does Discover
[07:20 am] lightning : is Discover still
owned by Sears (SHLD)?
[07:21 am] lightning : I bought that JAZZ
head fake 10 minutes ago and closed my short.
🙁
[07:21 am] apple : good question light
[07:21 am] rusty : covered 1/2 WFM short
swing
[07:22 am] shark : no more Discover/Sears
[07:22 am] lightning : Nope…Discover is
public: DFS (as in doo-fus)
[07:22 am] joeytsa : thanks for that bank
info…always joked with people saying i
would buy a house on my credit card and only
pay the $15/month payment 🙂
[07:22 am] shark : yes
[07:24 am] apple : nice on WWW
[07:24 am] joeytsa : PPO might try to make a
push for hod…not ready yet
[07:26 am] Ed : joey u play that cog been
nice giver both ways
[07:26 am] joeytsa : i did earlier, how
about you
[07:26 am] rusty : HGT close watch
[07:26 am] apple : COG was great
[07:26 am] rusty : oversold on daily and
pays a dividend
[07:26 am] mhaus : CHKR
[07:26 am] rusty : nat gas related
[07:27 am] rusty : HGT not necessarily a
daytrade…swing if anything
[07:28 am] joeytsa : lots of charts look the
same to me right now
[07:28 am] apple : is that good or bad?
[07:29 am] joeytsa : good if you went short
earlier 🙂
[07:29 am] mhaus : LNKD
[07:30 am] joeytsa : nat gas: declined by
95M?
[07:30 am] rusty : Sears Holdings Corp.
(SHLD) declined after two people familiar
with the situation said suppliers will no
longer be able to get loans or payment
guarantees from CIT (CIT) Group Inc. for
their shipments to the retailer.
[07:31 am] shark : NFLX holding, doji[07:32
am] rusty : note how the stocks that went
parabolic yesterday are all tired
[07:32 am] rusty : typical reaction after
blowing your top
[07:33 am] doji : Yes Shark
[07:33 am] joeytsa : right rusty…just have
to figure if the run is over, or just taking
a breather for the next move up?
[07:33 am] rusty : yup, if you look out
statistically… often best to way 2-3 days
for a bottom after a parabolic blow off
[07:33 am] rusty : at least for a swing
[07:34 am] Kris : NFLX hanging on by its
fingernails
[07:34 am] joeytsa : agreed rusty, sometimes
even 5-8 days
[07:34 am] mhaus : FOSL
[07:35 am] rusty : sure and sometimes never
buy again
[07:35 am] observer : GLD lod[07:35 am]
rusty : sometimes those parabolic blows put
in tops that are never seen again
[07:35 am] joeytsa : yep, i try to wait for
the push higher to buy…
[07:37 am] rusty : after a blow off its
often best to wait for a daily candle with a
“tail” on it to consider rebuying or
covering
[07:37 am] shark : LULU hod[07:37 am]
joeytsa : good advice rusty
[07:38 am] joeytsa : SINA wiggling down all
morning
[07:38 am] eyes : S ILMN 35.50 out 1/2 1%
1/4 1.5%
[07:38 am] shark : YOKU too, joey
[07:38 am] apple : LULU is some ride
today
[07:39 am] shark : rolling stock on the
weeklys, apple – LULU
[07:40 am] joeytsa : TSCO trending down
since the high
[07:40 am] Kris : yeah, probably due to the
market selling joey
[07:40 am] Kris : just a guess
[07:40 am] rusty : FOSL alert
[07:42 am] mhaus : any news on FOSL?
[07:42 am] joeytsa : still get the feeling
we may have put in the highs for
2012….until QE3
[07:43 am] lightning : I don’t see any FOSL
news yet
[07:44 am] shark : FOSL buyers push it back
up into recent range highs next to its 20-day
ema[07:44 am] apple : there goes ITMN
[07:45 am] doji : Yes Kris, it needs
to…
[07:45 am] khall : flush NFLX, flush
[07:45 am] shark : FOSL hitting resistance
at 50day ma
[07:46 am] joeytsa : maybe kris, might push
to around 90.50 then back down
[07:46 am] joeytsa : it was $100 2 days ago
right?
[07:47 am] doji : Thanks for FOSL Ed
[07:48 am] joeytsa : APA still down, decent
short
[07:48 am] skydiver : thnx ED – reducing
[07:48 am] joeytsa : great catch on FOSL Ed
!!
[07:49 am] skydiver : I’m short FOSL @ 84.34
[07:49 am] joeytsa : VIX over 22 now
[07:49 am] shark : nice Ed, thx – FOSL
[07:49 am] shark : thx VIX, joey!
[07:50 am] skydiver : out another 1/4
FOSL
[07:50 am] Ed : nice going guys/gals
[07:51 am] scalpman : All out WRC…
[07:51 am] shark : thx, rusty -FOSL
[07:51 am] skydiver : Thnx again ED –
letting last 1/4 ride on FOSL
[07:52 am] shark : skydiver, taking back to
the ground
[07:52 am] Ed : nice sky
[07:52 am] skydiver : yes – been down almost
all morning with computer problems — only
got 2 trades in today – but both winners
🙂
[07:52 am] skydiver : thnx ED – owe it all
to TSA!!! and all the great traders!!!
[07:53 am] rusty :
http://stockcharts.com/h-sc/ui?s=$WTIC:$NATGA
S&p=M&yr=10&mn=0&
amp;dy=0&id=p14606372492
[07:53 am] lightning : watching BHI for a
slow, slow bounce
[07:53 am] rusty : worth keeping eye on
above chart
[07:53 am] skydiver : Thnx Mitch
[07:55 am] lightning : L BHI
[07:55 am] doji : NFLX still in love with
Doji[07:56 am] skydiver : RIMM – take over
chatter once again
[07:56 am] rusty : oil to nat gas ratio is
very high and getting out of whack
[07:57 am] rusty : while everyone is being a
monkey and joining that trend……
[07:57 am] shark : YEAHHH, doji – NFLX =
Love/$$
[07:58 am] scalpman : WRC S @ 55.05
[07:59 am] doji : RDN has been a runner
today
[07:59 am] doji : House Mortgage Insurer
[08:00 am] mh : rimm[08:02 am] shark : GMCR
rolling higher
[08:02 am] scalpman : Out small profit on
WRC…that stock is strong today.
[08:02 am] doji : FSLR nice rebound so
far
[08:02 am] rusty : starting HGT long into
weakness
[08:03 am] shark : LULU hod[08:03 am] rusty
: thin stock, no rush
[08:03 am] rusty : and not buying all at
once
[08:04 am] skydiver : Nice Ed
[08:04 am] rusty : GMCR spike
[08:04 am] Ed : u guys are the bestess[08:06
am] eyes : + 1113 for the day see you all
tomorrow not bad for my third day paper
trading
[08:06 am] lightning : not loving BHI L,
exiting 1/2 and tightening stop
[08:06 am] Ed : way to go eyes
[08:06 am] lightning : great eyes!
[08:07 am] Brent : good job eyes
[08:07 am] skydiver : Good job eyes –
[08:08 am] mrpolo : RIMM
[08:09 am] skydiver : moving stop down on
FOSL on my last 1/4
[08:09 am] joeytsa : great trading
eyes..good to see you back in the rooom[08:10
am] skydiver : Really Kris on RIMM? wow
[08:10 am] doji : LLLLL RIMM?
[08:10 am] skydiver : You’re right Kris
[08:10 am] lightning : all out BHI long.
Pack of gum profit.
[08:11 am] skydiver : Thnx Kris –
[08:11 am] doji : NFLX again….
[08:12 am] skydiver : doji – riding the
waves of NFLX – great job doji!!
[08:13 am] skydiver : yeah – I’ve made money
on NFLX and been bitten by it as well
[08:14 am] joeytsa : Home Depot hiring
70k
[08:14 am] joeytsa : spring seasonal jobs
[08:15 am] mhaus : TSCO
[08:15 am] joeytsa : nice mhaus[08:15 am]
lightning : RCL on a nice climb
[08:15 am] joeytsa : nice bottom at 77.50
[08:17 am] apple : very good on RCL
[08:19 am] apple : we never did. what old
chinese man are you talking about?
[08:20 am] goldrecord : Mitch. pls give a
lesson how you can forecast that 82.50
[08:21 am] mhaus : gold, that was the next
resistance point
[08:21 am] joeytsa : Mitch nailed 2 earlier
in the week or late last week..right on the
button
[08:22 am] apple : hang with him
[08:23 am] goldrecord : Mhaus, how you
determine that support? I see 200 MA.
right?
[08:24 am] mhaus : Look at the up candles on
the chart
[08:24 am] apple : beautiful, right?
[08:26 am] goldrecord : Mhaus I looked at
the up candles.
[08:26 am] doji : FSLR could bounce off
40
[08:32 am] joeytsa : WLT might set up next
leg down
[08:33 am] Ed : guess i should sell rest of
my premarket short in sina[08:33 am] joeytsa
: Ed: SINA has some res here
[08:33 am] joeytsa : but might want to be
safe
[08:33 am] apple : be safe, not sorry
[08:34 am] joeytsa : 58.95 area really
important for them today
[08:34 am] Ed : nice trend down since 62 in
pre
[08:34 am] joeytsa : used it a few times for
support and resistance
[08:35 am] qwert : www finally turning
over
[08:35 am] Ed : looks good, u could snow sled
downhill
[08:35 am] scalpman : Out another 1/4 FOSL
L
[08:36 am] joeytsa : Cramer pushed MAS last
2 days…
[08:36 am] scalpman : Out 1/2 MCP L
[08:36 am] joeytsa : looks like it wants to
break above july highs?
[08:37 am] scalpman : Out another 1/4 MCP
L
[08:37 am] scalpman : All out FOSL…oops
forgot about an upper limit order…oh
well.
[08:38 am] scalpman : short again on WRC @
54.62
[08:39 am] scalpman : OUt 1/2 WRC S
[08:40 am] mhaus : watching ACHN
[08:40 am] scalpman : Holding 1/4 MCP L
[08:41 am] scalpman : Look for hod on MCO
[08:41 am] scalpman : MCP
[08:41 am] scalpman : got it out 1/8 MCP
L
[08:41 am] scalpman : trailing up last
piece.
[08:43 am] scalpman : Watching MCP for
Short
[08:44 am] scalpman : Still holding 1/2 WRC
S maybe 54.11 (200 ema)
[08:44 am] mhaus : RKT
[08:44 am] apple : thx mhaus ACHN
[08:45 am] scalpman : MCP resist…@
29.00
[08:45 am] mhaus : PVH
[08:47 am] scalpman : MCP no new high…so
far!
[08:47 am] scalpman : Watch for red here!
[08:48 am] scalpman : NO Short….MCP yet
[08:49 am] scalpman : new high…MCP
…maybe a drop at Noon EST
[08:50 am] scalpman : tightening stop on WRC
S to .31
[08:51 am] joeytsa : PVH on a nice run
[08:51 am] scalpman : Watch MCP for
Short….
[08:51 am] scalpman : 9 minutes to Noon
EST
[08:51 am] doji : MCP has support at
29.15
[08:52 am] scalpman : some red on MCP
[08:55 am] scalpman : OUt 1/2 MCP S
[08:56 am] scalpman : Out another 1/.4
[08:56 am] scalpman : I took profits here
because I have to depart at 11:00ish…
[08:56 am] scalpman : All out WRC S
[08:58 am] scalpman : MCP still
strong….out .last 1/5 with a stick gum!
[09:00 am] scalpman : What a great day
today…6/7 with some big gainers.
[09:00 am] scalpman : I have a new M.O.
[09:00 am] joeytsa : nice trading scalp
[09:01 am] scalpman : I am starting about
9:30 CST which is an hour after the market
opens.
[09:01 am] joeytsa : PVH was a nice short
[09:01 am] scalpman : I am 4/4 positive….I
find the early trading too emotional for me.
I get sucked in with the energy.
[09:02 am] scalpman : But a little later,
the indicators seem to be more predictable
[09:02 am] joeytsa : good that you found out
the type of trader you are…
[09:02 am] scalpman : thus I get a better
entry…and more positive trades.
[09:02 am] joeytsa : best thing any trader
can learn
[09:02 am] joeytsa : sometimes it take a
while to figure that out
[09:03 am] scalpman : Yes…if a stock has a
good run up in the first hour and actually
looks like a short,
[09:04 am] scalpman : then it seems for
likely (not always) that it will “behave”.
[09:04 am] scalpman : Thanks for this room
and for all the creative thoughts from
everyone…I feel great!
[09:04 am] joeytsa : happy for you scalp
!!!!
[09:04 am] scalpman : Thanks joeytsa…good
positive vibes to all.
[09:04 am] lightning : way to go scalp. see
you tomorrow
[09:05 am] scalpman : I’m kind of pleased so
I will say that I was +901 in dollars. That’s
a big day! But I’m not going to look at the
money anymore today.! (ha).
[09:06 am] Ed : nice trading scalp
[09:06 am] Brent : good job scalp
[09:07 am] joeytsa : TSCO down $1 past 10
minutes
[09:07 am] gamou : JOE
[09:09 am] apple : CELG
[09:09 am] rusty : GRPN CEO 60 Minutes
Sunday
[09:09 am] rusty :
http://www.cbsnews.com/sections/60minutes/mai
n3415.shtml
[09:09 am] joeytsa : nice chart apple
[09:10 am] joeytsa : groupon the service is
great
[09:10 am] joeytsa : CSTR quick spike
[09:12 am] apple : JOE hod[09:14 am] joeytsa
: MCP spike up
[09:15 am] Ed : would like to see it trend
into 17.65 200e resistance and gap resistance
from 9/19 @ 17.79
[09:16 am] joeytsa : Ed: SINA up almost $1
since breaking thru that 58.95 level we
mentioned earlier
[09:17 am] apple : huh, on 2 of my charts
had a different number, i do have 17.65 –
yay
[09:19 am] Ed : yeah saw it
[09:20 am] apple : E you still in?
[09:20 am] joeytsa : thanks for CELG apple
🙂
[09:21 am] Ed : I’m gone from it
[09:21 am] apple : no prob joey
[09:21 am] apple : good E
[09:21 am] joeytsa : should have let it ride
up more, money is money
[09:22 am] apple : retrospect is always
easier
[09:22 am] joeytsa : yeah, saw that res up
above, decided to get out on strength
[09:23 am] apple : always smart
[09:23 am] joeytsa : in retrospect 🙂
[09:25 am] apple : there goes SINA
[09:26 am] joeytsa : watch if it goes thru
this res area
[09:26 am] joeytsa : near 60.40
[09:27 am] joeytsa : same with CELG…both
stocks above yesterday’s high
[09:29 am] joeytsa : BIDU doing the same
thing
[09:31 am] rusty : BVSN near lod[09:38 am]
apple : LULU hod[09:39 am] joeytsa : eye on
SINA
[09:39 am] joeytsa : 5/15/pivot all
touching
[09:40 am] joeytsa : lower vol on this
mini-cons/pullback
[09:40 am] apple : very low
[09:40 am] joeytsa : wished the indis were
closer to a bottom though
[09:41 am] apple : it’s not always
perfect
[09:42 am] joeytsa : yeah apple: i don’t
like when the stochs/macd are in the middle
of the range
[09:43 am] khall : sina can be a tricky
sometimes. there is support around 59.85 or
so – it may bounce off that point
[09:43 am] apple : i went S at 60.60
[09:43 am] joeytsa : don’t lose too much of
that profit
[09:44 am] joeytsa : that action to me is a
warning sign for now
[09:44 am] joeytsa : going to have to prove
itself now
[09:44 am] rusty : OCZ radar
[09:45 am] apple : i won’t it was due for a
breakdown.
[09:45 am] lightning : watching NXTM for
possible short
[09:49 am] lightning : forgetting
NXTM…volume disappeared
[09:52 am] apple : DSW
[09:54 am] joeytsa : lightning: watching
NXTM on break above yest high
[09:54 am] joeytsa : weak bounce on SINA
[09:54 am] joeytsa : at the moment
[09:55 am] lightning : yeah Joey. When it
didn’t bounce down off the open right away, I
thought it was trouble.
[09:55 am] joeytsa : figured you were on
it
[09:55 am] rusty : OCZ dipping
[09:56 am] lisas : up 4 percent on last
quarter chkr[09:57 am] lisas : thanks Mitch
and ed[10:02 am] joeytsa : the ES trying to
make another push to 129
[10:02 am] joeytsa : 1290
[10:04 am] goldrecord : LULU coming down.
can anybody tell the support?
[10:05 am] joeytsa : gold: 61.38, then
maybe 61 area?
[10:06 am] joeytsa : then maybe 60.80 area
and 60.60 area
[10:06 am] joeytsa : just quick glance
though
[10:06 am] rusty : NVAX alert
[10:07 am] rusty : flu news
[10:08 am] doji : joe[10:09 am] joeytsa :
we tapped 1290, watching for a push thru or
not
[10:09 am] doji : OXY reversed
[10:15 am] joeytsa : AMZN coming into res
[10:16 am] qwert : shld[10:16 am] doji :
SHLD
[10:16 am] apple : at yesterday’s close
[10:17 am] rusty : YHOO radar
[10:17 am] rusty : sudden spike
[10:17 am] rusty : in volume
[10:17 am] joeytsa : nigeria threatens
oil,gas shutdown
[10:18 am] apple : don’t worry E there will
always be another one on COG
[10:18 am] joeytsa : i missed that too
Ed…ran right up to yest low and dropped
[10:18 am] rusty : FSLR R1
[10:18 am] Ed : ur right, good chart to study
for newbies
[10:18 am] Ed : COG that is
[10:18 am] joeytsa : just added those lines
on tuesday[10:19 am] apple : just in time
joey
[10:19 am] joeytsa : that’s where the
battles took place
[10:19 am] joeytsa : hi/low
[10:21 am] joeytsa : QCOR dropping
[10:24 am] mhaus : FOSL
[10:25 am] doji : Wow FOSL has been a runner
today
[10:26 am] apple : nice
[10:36 am] qwert : fosl another new
hod[10:38 am] doji : SPY dropping
[10:39 am] doji : FSLR round turn over
[10:41 am] lightning : oil dropping hard
[10:49 am] doji : FOSL turning
[10:50 am] Brent : anyone remember that
market is closed Monday?
[10:51 am] Ed : it is
[10:51 am] apple : thxx for reminder
[10:51 am] qwert : 3 day weekend awesome
[10:51 am] apple : DECK lod[10:52 am] rusty
: Warren Buffett has a challenge to
congressional Republicans who mocked him last
year for criticizing the tax code. The
billionaire investor says he’ll match them
dollar-for-dollar for every contribution they
make to pay down the national debt. “And
I’ll even go three for one for McConnell,” he
said in an interview with Time magazine,
referencing Senate Republican Leader Mitch
McConnell.
[10:52 am] Ed : thx brent,
[10:52 am] doji : Why is the market closed
on Monday Brent?
[10:53 am] apple : martin Luther king
holiday
[10:53 am] zentrader : I’ve shorted ACHN at
average of 11.80, will swing this, but it is
as Mitch says, “high Risk, high reward”
[10:53 am] rusty : MLK day
[10:57 am] doji : QCOR
[10:57 am] rusty : BVSN lod[10:57 am] apple
: JOY hod[10:58 am] doji : Watch NFLX
[11:03 am] mhaus : WCC
[11:03 am] rusty : what we watching for
doji?
[11:03 am] mh : anyone like COG for a long
here?
[11:04 am] rusty : COG sitting on 200dma
[11:05 am] doji : Sorry Rusty… I was
watching NFLX approaching 91 resistance
[11:07 am] doji : It has had a hard time to
break above 91 4 times
[11:11 am] lightning : oil with another big
move down
[11:11 am] rusty : EU IRAN OIL EMBARGO SAID
TO BE LIKELY DELAYED BY SIX MONTHS
[11:12 am] lightning : and there you go
[11:16 am] joeytsa : wow lightning
[11:16 am] joeytsa : might break 99
[11:17 am] lightning : it sure could.
[11:17 am] joeytsa : held it at the
moment
[11:17 am] doji : Watch oil related
stocks
[11:17 am] joeytsa : around $1 move in a few
minutes
[11:20 am] joeytsa : goldrecord: did you
short LULU? ran down to that 60.80 🙂
[11:21 am] rusty : BVSN bearish
engulfer[11:21 am] lightning : UAL on a nice
move up…
[11:22 am] joeytsa : watching the 87.60 for
FOSL…just been a monster today
[11:24 am] rusty : Covering about 1/3 BVSN
into weakness
[11:25 am] rusty : would rather not cover
any but its thin trader
[11:30 am] rusty : joey r:r on it quite good
tho[11:30 am] rusty : just have to be
patient
[11:30 am] joeytsa : 2 things i don’t
like…low volume and patience 🙂
[11:31 am] joeytsa : i got burned on a few
low vol stocks early in the game…
[11:32 am] joeytsa : realized for me, it was
best to stay away
[11:32 am] rusty : low volume cuts both ways
once the fall begins
[11:32 am] rusty : but you’re right
[11:34 am] rusty : funny how few are afraid
to buy a stock at the high though
[11:34 am] rusty : only scared to short at
high and buy at low
[11:34 am] joeytsa : yeah, buying highs was
my swing strategy for a long time
[11:35 am] joeytsa : its why i still monitor
the 52wk high list…old habit
[11:35 am] rusty : buy high and sell higher
= pyramid scheme
[11:35 am] joeytsa : lack of overhead
supply
[11:35 am] joeytsa : had a few go against
me, made a few tweaks to tighten it up
[11:36 am] doji : Now SPY moving again
[11:36 am] apple : PANL hod[11:37 am] rusty
: cramer big fan of buy high and sell
higher
[11:37 am] joeytsa: it’s great when it
works…got push to new highs in order to
make higher highs 🙂
[11:37 am] rusty : there is a famous old
story about buy high sell higher
[11:37 am] joeytsa : that was darvis’ style
also
[11:38 am] joeytsa : and o’neil, esp if a
historic all time high
[11:38 am] apple : CELG hod[11:39 am] doji
: Who is still long in FSLR after it
rebounded from 40?
[11:40 am] rusty : u long doji?
[11:40 am] apple : not me
[11:41 am] doji : Yes apple, went long on
the second rebound
[11:41 am] joeytsa : WYNN making a decent
recovery
[11:41 am] joeytsa : any see the VIX
chart?
[11:42 am] doji : NFLX broke 91
[11:42 am] joeytsa : flying V
[11:43 am] joeytsa : VIX started near 21, to
22, rigth back down..20.95 currently
[11:44 am] joeytsa : ES sitting at 1290
[11:47 am] apple : WHR hod[11:48 am] Ed :
lee steinberg, classic case of “fool and his
money”
[11:49 am] mhaus : WYNN
[11:52 am] joeytsa : out +67cents WYNN…
[11:52 am] joeytsa : it still might try to
push to the prv cl
[11:55 am] rusty : RATE radar
[11:55 am] rusty : kind of thin
[11:56 am] apple : sometimes thin is good,
but not with volume
[11:57 am] doji : NFLX moving
[11:57 am] apple : passed the open
[11:57 am] joeytsa : nice move doji[11:58
am] apple : doji are you L
[11:59 am] doji : No Apple. NFLX had strong
resistance at 93.5 yesterday
[11:59 am] apple : ok
[11:59 am] joeytsa : doji: i missed the
entry at the prev cl test
[12:00 pm] joeytsa : nice run for a buck
though
[12:00 pm] joeytsa : LULU inching back to
yest hi
[12:01 pm] doji : S NFLX
[12:01 pm] doji : Trailing stop in case it
wants to slip
[12:01 pm] joeytsa : lighting: oil lost
$99
[12:02 pm] joeytsa : WYNN dropped also
[12:02 pm] lightning : yes it did, but I
don’t trade it after 11:30 (2:30 eastern)
[12:02 pm] doji : FOSL at support
[12:03 pm] apple : thx doji[12:03 pm] doji
: Nice drop in WYNN
[12:04 pm] joeytsa : yeah after that nice
recovery
[12:04 pm] joeytsa : gotya lightning…too
close to closing?
[12:05 pm] lightning : the oil market
actually closes in the US at 11:30 / 2:30
eastern, so volume dries up after that
[12:06 pm] joeytsa : someone’s playing it
[12:06 pm] rusty : S negative analyst
comments
[12:06 pm] joeytsa : will keep that in
mind
[12:07 pm] lightning : you can trade it for
a few more hours, but the oil pit closes at
2:30 eastern
[12:07 pm] joeytsa : FOSL moving back up
[12:09 pm] apple : FOSl has been great
today
[12:09 pm] joeytsa : some really nice
moves
[12:16 pm] rusty : GR lod[12:27 pm] mhaus :
SHLD just woke up
[12:29 pm] doji : COG lod[12:30 pm] doji :
I am closing 1/2 of my NFLX S here; will
trail the second 1/2
[12:30 pm] joeytsa : good trading doji[12:30
pm] Ed : nice trade doji[12:31 pm] joeytsa :
COG down 60cent in 2-3 minutes
[12:31 pm] doji : I am closing also 1/2 FSLR
L here, railing second 1/2..
[12:31 pm] qwert : nice doji i was too
impatient got out already
[12:32 pm] joeytsa : VIX lod 20.73
[12:32 pm] apple : good one doji and
qwert[12:33 pm] joeytsa : WYNN weakened
[12:34 pm] apple : been short on COG since
about 3, out now
[12:34 pm] Ed : nice apple
[12:35 pm] khall : good job apple
[12:35 pm] observer : nice, apple
[12:41 pm] doji : Anyone taking SHLD
home?
[12:42 pm] apple : this chart looks like
deja vu from yesterday… and then it
reversed (a little earlier in the day)
[12:42 pm] khall : I’m going to pass on SHLD
today
[12:43 pm] khall : they had some not so
great news for their suppliers today – no
more financing for contracts from Sears
[12:44 pm] zentrader : any get that short
action move today on ACHN from 12.20 to 11.70
?
[12:45 pm] apple : no, missed it zen[12:46
pm] rusty : was short ACHN and IDIX this
am
[12:47 pm] joeytsa : Mitch: at what VIX
level do you start thinking ” when the VIX is
low, look out below?”
[12:48 pm] doji : Write in you notes RIMM
for tomorrow
[12:48 pm] doji : Just hitting the 50MA
[12:49 pm] rusty : REXX radar
[12:50 pm] mhaus : WLK
[12:52 pm] rusty : regarding vix, it’s not
just the absolute level but how far off high
and rate of change
[12:52 pm] zentrader : I think there is a
good possibility that we can see 10 on ACHN,
not sure when though. It is certainly giving
some great intraday scalps too
[12:52 pm] doji : CFX just hit 52-week
high
[12:53 pm] joeytsa : thanks rusty..i was
thinking closer to the 10 area as an
extreme
[12:53 pm] rusty : sure 10 is super
complacent
[12:53 pm] rusty : esp given that we were
recently at 50
[12:53 pm] doji : apple, the 1min, 3min and
daily charts work prefer for having a quick
look at the stock at different time frames
[12:54 pm] rusty : vix tops much sharper
than vix bottoms
[12:54 pm] mhaus : IGT
[12:54 pm] joeytsa : top/bottom makes
sense
[12:54 pm] joeytsa : if we hit 1300+ VIX
might test that bottom area
[12:55 pm] rusty : take a look at historical
charts when vix hits the Bollinger band
[12:55 pm] doji : 5min to the close…
[12:55 pm] rusty : get some interesting
signals
[12:55 pm] joeytsa : same reasons why stocks
can stay overbought longer than they stay
oversold
[12:55 pm] mh : thanks mitch for wynn[12:55
pm] doji : RIMM, SHLD, NFLX…. to be
watched closely tomorrow
[12:56 pm] rusty : doji u know what they
have in common?
[12:56 pm] doji : Money!
[12:56 pm] mhaus : SRCL
[12:57 pm] rusty :
http://www.nasdaq.com/symbol/nflx/short-inter
est
[12:57 pm] mhaus : EC falling fast
[12:58 pm] apple : thx MK, K, B, E and
everyone. What a great day (another one).
All have a fabulous evening.
[12:58 pm] rusty : that’s why I like to buy
them when oversold
[12:58 pm] rusty : and not chase new
highs
[12:58 pm] rusty : shorts fuel the fire
[12:58 pm] doji : Thanks Rusty
[01:00 pm] joeytsa : nice calls today
[01:06 pm] joeytsa : with tomorrow being
friday, wonder if we push thru and hold
1300?
[01:09 pm] qwert : been wondering same thing
joey
[01:10 pm] joeytsa : market seems tentative
to me
[01:17 pm] qwert : I’m expecting
pullback/consolidation but will trade
whatever i see
[01:17 pm] joeytsa : yeah, just play what
you see
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