[06:21 am] Ed : good morning traders
[06:27 am] Brent : good morning
[06:31 am] Mitch K: ABMD prob our first
short, too late now, waiting for rebound
toward 21+
[06:31 am] Mitch K: watching CTCT for top to
short, let it run a lot more
[06:31 am] Mitch K: watching VCLK for top
[06:32 am] Brent : watching ACHN for a
bounce
[06:32 am] Mitch K: watching AU for bottom to
buy
[06:32 am] Mitch K: watching FOSL for
short
[06:32 am] Mitch K: watching SHLD, careful
but watch
[06:32 am] Mitch K: watching TDC for top to
short
[06:33 am] Mitch K: missed PLL but watch if
you have room for chart
[06:33 am] Mitch K: watching ACHN for bounce
off 11
[06:33 am] Mitch K: watching EW for bounce
after pullback toward 73.25
[06:34 am] Brent : watching NUGT for a
bounce
[06:34 am] Mitch K: CNW bouncing
[06:34 am] Mitch K: watching CTCT closer
[06:34 am] Mitch K: watching SUN for bottom
to buy
[06:35 am] Brent : consider reducing ACHN
[06:35 am] Mitch K: if ABMD approaches 20
might be decent long bounce
[06:35 am] Mitch K: watching AGP
[06:35 am] Mitch K: watching EL for bounce if
not make new low of day here
[06:36 am] Brent : consider reducing NUGT
[06:36 am] Mitch K: watching CFN for top to
short]
[06:36 am] Mitch K: watching PKI for top to
short
[06:36 am] Mitch K: watching SINA for
bounce
[06:37 am] Mitch K: watching for top in this
VRTX bounce to short toward 38
[06:39 am] Mitch K: consider reducing CNW
long
[06:39 am] Mitch K: NFG toppy
[06:39 am] Mitch K: watching ZNGA for top to
short, patient
[06:40 am] Mitch K: CFN toppy
[06:40 am] Mitch K: consider reducing more
CNW
[06:41 am] Mitch K: consider selling AU
[06:41 am] Mitch K: watching CLX for top
[06:42 am] Mitch K: AGP bouncing
[06:42 am] Mitch K: EL was quick long,
consider reducing
[06:43 am] Brent : watching WLP for a
bounce
[06:43 am] Mitch K: consider selling ABMD
soon
[06:43 am] Mitch K: watching VR for bottom to
buy soon
[06:44 am] Mitch K: forgot to post HNT
bouncing but watch for top to short, maybe
toward 38, don’t buy now
[06:45 am] Brent : watching DRC, a little
thin though
[06:45 am] Mitch K: CVS toppy here for
short
[06:45 am] Mitch K: SINA bounce starting
[06:47 am] Mitch K: watching FSLR for
bottom,
[06:49 am] Mitch K: CNW toppy, close long
[06:49 am] Mitch K: consider covering half of
CLX
[06:49 am] Mitch K: SUN bouncing
[06:49 am] Mitch K: watching OPEN for top to
short
[06:50 am] Mitch K: GM looks good
[06:52 am] Brent : SPY approaching hod[06:52
am] Mitch K: HNT TOPPY
[06:52 am] Mitch K: watching GM for top,
never traded GM last 3 years, don’t know how
it trades
[06:53 am] Mitch K: watching AMLN for
bottom
[06:53 am] Mitch K: watching IRF for bottom
to buy
[06:54 am] Mitch K: watching BWLD for top to
short
[06:55 am] Mitch K: consider selling FSLR
long
[06:55 am] Mitch K: watching PPO for top,
[06:56 am] Ed : watching NTAP for short
[06:56 am] Mitch K: i presume you guys
covered CLX, if not consider covering
[06:57 am] Mitch K: if you shorted ACHN,
consider covering around 11.50 area
[06:58 am] Mitch K: SUN dead now, consider
selling
[06:58 am] Mitch K: watching COLM for top to
short
[06:59 am] Kris : SPY at resistance, see if
it can break new hod to confirm holding the
gap
[07:00 am] Kris : there she goes
[07:02 am] Mitch K: OPEN toppy
[07:03 am] Brent : watching QCOR for a
bounce
[07:09 am] Brent : consider reducing QCOR
[07:09 am] Mitch K: consider covering VRTX
short
[07:09 am] Mitch K: forget CFN short
[07:09 am] Mitch K: still heading down
[07:09 am] Mitch K: watching VRTX closer to
cover short on top of that bounce at 38
[07:10 am] Mitch K: EL bounced after all, she
is strong, watch for top to short
[07:13 am] Mitch K: ACAT toppy
[07:13 am] Mitch K: forget buying AMLN idea,
no good
[07:13 am] Mitch K: watching FOSL for top
[07:14 am] Mitch K: watching CIE but too low
vol[07:16 am] Mitch K: consider covering
ACAT
[07:17 am] Brent : consider reducing more
QCOR
[07:18 am] Mitch K: for bottom in SIMO
[07:18 am] Mitch K: watching SIMO
[07:21 am] Mitch K: missed KEX bottom, too
late to buy now, waiting for top to short
later, maybe 66.40 area
[07:24 am] Mitch K: consider selling SIMO if
long
[07:26 am] Mitch K: APKT too strong to
short
[07:26 am] Mitch K: consider closing OPEN
short, covering OPEN
[07:26 am] Mitch K: consider reducing HNT
short
[07:26 am] Mitch K: IRF bounce dead, consider
closing
[07:26 am] Mitch K: or covering all of HNT
ok
[07:27 am] Mitch K: also watching CLX for 2nd
helping short, take your time, more patience
required for 2nd helping shorts
[07:27 am] Mitch K: watching CVS for 2nd
helping short
[07:29 am] Mitch K: see why you have to be
aggressive and decisive in first hour? That
assumes you understand the technique we are
using and how to trade that.
[07:30 am] Mitch K: study the process first,
learn what we are doing. after you practice
in a virtual account and are proficient, then
be decisive in first hour. Most of the fish
bite in first hour
[07:32 am] Kris : 1. is there volume
[07:32 am] Kris : 2. is there enough money
in the trade – Risk vs. Reward
[07:32 am] Kris : 3. Market Direction
[07:32 am] Kris : 4. Is Doji Trading it
[07:33 am] Brent : 5. Which way is Doji
Trading it
[07:33 am] Brent : 6. Is gecko looking at his
watch?
[07:33 am] Kris : lol[07:33 am] Kris : that’s
the one!
[07:58 am] Mitch K: also consider covering
CVS 2nd helping short
[07:58 am] Mitch K: consider covering CLX
[07:58 am] Mitch K: that’s the 2nd short on
CLX
[07:58 am] Mitch K: watching EW for bottom
[08:07 am] Mitch K: surprised i didn’t post
SODA earlier, hmmm. FOSL turned over too on
2nd helping
[08:08 am] Mitch K: anyone short your
girlfriend EL?
[08:08 am] Mitch K: that short is over
[08:09 am] Mitch K: don’t care for the FOSL
bounce idea scalpman[08:09 am] Mitch K:
unless it drops to 98 or something like
that
[08:10 am] Kris : watching CNQR for a long
[08:13 am] Ed : BKS moving
[08:14 am] Ed : don’t chase
[08:22 am] Ed : SHLD moving
[08:31 am] Ed : would cover SHLD if u took it
short
[08:33 am] Ed : would cover more SHLD here
[08:34 am] Ed : if u still have portion short
SHLD would trail last
[08:34 am] Ed : last piece
[08:39 am] Brent : watching CAH
[08:42 am] Brent : consider reducing CAH
[08:44 am] Mitch K: good one brent[08:46 am]
Brent : 41.90 area next target on CAH
[08:49 am] Brent : consider reducing more on
CAH, trail your last piece of still long
[09:07 am] Mitch K: watching KEX
[09:18 am] Mitch K: you guys make a point on
KEX?
[09:30 am] Kris : nice higher lows into hod
resistance
[09:30 am] Kris : SPY looking strong
[09:32 am] Mitch K: watching for short in
OPEN on this rebound
[09:36 am] Ed : CTCT hod, another scrong
one
[09:44 am] Ed : SPY new hod[10:01 am] Ed :
YPF advanced trade
[10:02 am] Ed : covering 3/4 short YPF
[10:04 am] Ed : out all short YPF
[10:47 am] Mitch K: you guys get KEX long or
were you too busy bs’ing[10:48 am] Mitch K:
bs’ing means bullshorting[10:49 am] Mitch K:
MU halted
[11:31 am] Ed : NTGR on the move has some
consolidation under 43
[12:55 pm] Brent : SPY new hod[01:00 pm]
Brent : have a great weekend, see you on
Monday.
[01:00 pm] Kris : goodnight everyone. have a
great weekend.
[01:00 pm] Ed : have a great weekend
[01:09 pm] Mitch K: later guys
|
[06:10 am] joeytsa : crude jumped $1?
right
[06:10 am] lightning : yes, a little more
than $1
[06:10 am] joeytsa : only report to watch is
the ISM PMI @ 7ampst
[06:12 am] doji : Somebody must have been
playing with the unemployment rate… now
everything looks great…. It’s election year
in the US!
[06:13 am] doji : I’ll guess the actual
figure will be known once the next US
president is elected and he inherits the
burden
[06:13 am] shark : 15 new hi rise condos
ready to break ground in Miami
[06:14 am] eyes : Hey Does anyone here use
just Ib data feed for ninja
[06:14 am] joeytsa : gap up:
GILD,TRMB,ZOLT,DRIV,URBN
[06:15 am] joeytsa : gap down:
APKT,WYNN,EL
[06:15 am] joeytsa : just a few to look
at
[06:15 am] joeytsa : VIX @ 17.98
[06:16 am] qwert : ew big gap down
[06:17 am] joeytsa : yeah it looks like it
qwert[06:17 am] qwert : and idix big gap
down as well
[06:17 am] doji : Watch yesterday movers:
AMLN, FSLR, STX, NOV
[06:18 am] joeytsa : GS up with market
too
[06:18 am] thomasohana : eyes I have NT with
Kinetick and IB
[06:18 am] eyes : that’s what i have i was
just wondering how ib feed alone would do
[06:19 am] thomasohana : unsure, haven’t
tried it… worth looking into though,
sorry
[06:21 am] joeytsa : 1333 area holding
support so far on ES
[06:21 am] rusty :
http://seekingalpha.com/article/338731-amylin
-pharmaceuticals-there-are-better-investment-
opportunities-in-biotech
[06:23 am] rusty : pretty big fade on euro
banks after the gap
[06:25 am] joeytsa : qwert, good catch on
IDIX
[06:25 am] doji : Will the market slightly
sell at the open and the rebound to higher
highs?
[06:28 am] joeytsa : GILD selling off
early
[06:29 am] joeytsa : canada job # was very
weak
[06:33 am] rusty : selling 1/3 PPO long
[06:33 am] skydiver : out 1/2 APKT Long
[06:33 am] shark : watching AGQ
[06:34 am] joeytsa : watch stop on WYNN if
short
[06:35 am] joeytsa : CMI on a tear
[06:35 am] skydiver : out another 1/4 of
APKT
[06:35 am] joeytsa : nice sky, they were
downgraded
[06:36 am] skydiver : glad I missed the
downgrade info joey on APKT
[06:37 am] joeytsa : actually smart trade
[06:37 am] joeytsa : but it might turnover
in the long run 🙂
[06:37 am] skydiver : yes – moved stop up
for last 1/4 on APKT
[06:38 am] joeytsa : trail GILD if
long…not moving as fast as i thought
[06:38 am] doji : OTEX
[06:38 am] skydiver : all out of APKT
Long
[06:39 am] joeytsa : out URBN
[06:40 am] joeytsa : CMI cons on pivot
[06:40 am] shark : watching MHK
[06:41 am] shark : watching WYNN for
bottom
[06:41 am] shark : nice joey URBN
[06:41 am] joeytsa : out GILD, thanks
shark
[06:42 am] shark : GILD strong
[06:42 am] doji : CTCT
[06:42 am] joeytsa : ES testing 1333
support
[06:43 am] skydiver : out 1/2 IDIX Long
[06:43 am] joeytsa : QCOR down $1 quick
[06:44 am] shark : AGQ bouncing off
lod[06:44 am] joeytsa : VIX down to 17.07
[06:45 am] lightning : S CTCT
[06:45 am] shark : PIR new all-time high
[06:45 am] shark : (for last 3 years)
[06:45 am] doji : AMLN breaking down
[06:46 am] shark : AGQ at lod -could follow
GLD for break down
[06:46 am] joeytsa : desc triangle forming
on ES 578tick
[06:47 am] lightning : out 1/3 CTCT short
[06:47 am] joeytsa : die WYNN die !! 🙂
[06:47 am] apple : watching CFN –
[06:48 am] lightning : all out CTCT short
[06:48 am] qwert : ew nice consolidation
[06:48 am] doji : Die AMLN die
[06:48 am] joeytsa : nice light
[06:48 am] joeytsa : CMI powering up?
[06:49 am] joeytsa : watch stop on WYNN if
short
[06:50 am] joeytsa : break higher on
ES/SPY
[06:50 am] skydiver : out 1/2 L SINA
76.23
[06:51 am] joeytsa : late, NFLX nice run
[06:51 am] skydiver : all out of SINA L
75.71 – 76.35
[06:51 am] shark : CMG testing hod[06:51 am]
shark : NFLX spike
[06:52 am] joeytsa : APKT closed gap +
[06:53 am] skydiver : nice joey on APKT
[06:53 am] doji : FSLR second short help
[06:53 am] rusty : sold 1/2 PPO +7 avg[06:53
am] shark : CMG new hod 🙂
[06:53 am] apple : great job rusty
[06:54 am] skydiver : fantastic rusty
[06:54 am] joeytsa : nice rusty
[06:54 am] joeytsa : BWLD quick pop off of
cnbc interview
[06:55 am] doji : all out FSLR
[06:56 am] joeytsa : trail CMI if long
[06:56 am] shark : LULU testing hod[06:57
am] joeytsa : ISM #’s out soon
[06:57 am] joeytsa : out CMI
[06:57 am] shark : AGQ break down
[06:58 am] shark : heavy volume
[06:58 am] apple : joey you are on the
money.. CMI
[06:59 am] joeytsa : ES cons here, probably
waiting for ISM
[06:59 am] joeytsa : thanks apple, easy
read
[06:59 am] joeytsa : now if they would all
do that 🙂
[07:00 am] lisas : listening to sqwak, big
players are buying before number
[07:00 am] joeytsa : APKT with beauty
pullback to prev cl and push higher
[07:01 am] rusty : VIX lod[07:01 am] joeytsa
: below 17 rusty
[07:01 am] rusty : 16
[07:01 am] rusty : everyone happy
[07:01 am] joeytsa : QCOR a dog 🙂
[07:01 am] shark : GOOG retaking 100 day
ma
[07:01 am] joeytsa : looking for a bottom
[07:02 am] apple : yes rusty
[07:02 am] shark : GLD AGQ weak
[07:03 am] joeytsa : tighten stop if short
QCOR
[07:04 am] Brent : sorry Joey, didn’t mean to
step on your toes on QCOR
[07:04 am] joeytsa : toes are fine 🙂
[07:04 am] joeytsa : I’m looking for a
bounce also
[07:04 am] shark : WOW – AGQ
[07:05 am] doji : AMLN consolidating
[07:06 am] joeytsa : QCOR with the cement
shoes so far 🙂
[07:06 am] shark : GOOG strong up day
[07:06 am] shark : LULU testing hod[07:07
am] joeytsa : all out QCOR
[07:07 am] apple : great job joey
[07:07 am] skydiver : Nice one joey
[07:07 am] shark : Social media plays
showing continued momentum again today (FB) :
QPSA +7%, FFN +7%, RENN +6%, DATE +6%, STVI
+5%, REDF +4%, KUTV +4%, LNKD +4%,
[07:08 am] shark : LULU new hod[07:09 am]
skydiver : out 1/2 OPEN S
[07:09 am] joeytsa : QCOR may have bottomed
brent?
[07:09 am] apple : yes
[07:09 am] shark : other countries 0-5%
repatriation tax on foreign money US=35%
[07:10 am] joeytsa : CMI next move
higher?
[07:10 am] rusty : yeah but who would want
to repatriate to other countries
[07:10 am] doji : STX hod[07:11 am] shark :
lot of countries have stronger currency than
ours, rusty
[07:11 am] rusty : no matter how much
everyone hate US, everyone likes to come
here
[07:11 am] doji : Anyone on AMLN…
[07:11 am] apple : spend money
[07:11 am] shark : come here, yes. put money
here, not always
[07:12 am] shark : LULU all time high
[07:12 am] shark : CMG consolidating -looks
a bit toppy
[07:13 am] eyes : CIE
[07:13 am] eyes : alert
[07:13 am] skydiver : CIE – take over
chatter
[07:13 am] shark : what does that have to do
with companies repatriating $$
[07:14 am] shark : those are investments
THEY will repatriate when they sell and
return the money to Europe/South America
[07:15 am] apple : you are probably right,
shark
[07:15 am] doji : Watch AMLN to lose 17
[07:15 am] doji : AMLN has been doing lower
highs on each rebound
[07:16 am] shark : AGQ amazing bounce off
lod[07:17 am] joeytsa : CMI testing my
patience 🙂
[07:18 am] doji : FSRL turning
[07:18 am] apple : FSLR
[07:18 am] joeytsa : ES closing in on
1340
[07:18 am] rusty : QCOR bounce
[07:19 am] shark : watching COLM
[07:22 am] skydiver : SIMO coming up
nicely
[07:22 am] skydiver : out 3/4 SIMO L
[07:23 am] starling : SHLD
[07:23 am] shark : all out AGQ
[07:23 am] skydiver : COLM been strong
today
[07:25 am] skydiver : out last 1/4 of SIMO L
23.42 – 2437
[07:25 am] skydiver : thnx Mitch on SIMO
[07:26 am] shark : all out LULU
[07:26 am] joeytsa : SINA nice support so
far at prev clo[07:27 am] joeytsa : good job
shark
[07:27 am] joeytsa : stopped on CMI
[07:28 am] rusty : AMLN lod[07:29 am] doji
: AMLN testing lod again
[07:29 am] doji : Nice AMLN…
[07:30 am] apple : yes MK
[07:30 am] joeytsa : sure do Mitch
[07:30 am] qwert : yep
[07:30 am] skydiver : Understood Mitch –
yes
[07:30 am] thomasohana : got it mitch[07:31
am] go4it : when a trade is called what’s
top 3 things to checkout?
[07:32 am] apple : lol[07:33 am] qwert :
hahaha[07:33 am] rusty : lol[07:33 am] go4it
: thanks so much Kris lol[07:34 am] joeytsa
: very good top 3 Kris
[07:34 am] rusty : DNB chart worth watching
on the daily…not necessarily a
daytrade[07:36 am] shark : MHK solid trend
today
[07:37 am] skydiver : sure is shark –
nice
[07:37 am] rusty : SVVC radar…another low
volume chart hijacked by a few
daytraders[07:37 am] joeytsa : yeah shark,
jumped above prev high and took off
[07:37 am] joeytsa : GS hod[07:38 am]
skydiver : on the daily for a year – looks
like MHK is filling the gap
[07:38 am] shark : big 9 month cup pattern
MHK
[07:39 am] skydiver : yes indeed shark
[07:39 am] joeytsa : not far off from 52wk
high either
[07:40 am] doji : Hey… I missed your
comments… was on a phone call…
[07:41 am] doji : I see Berth comments…
and also Kristy…
[07:41 am] doji : They know this macho
latino man loves both……hahaha[07:42 am]
joeytsa : seriously though..must be hard
trying to focus on trading while working
another job huh
[07:43 am] doji : So here my trades…. and
as you know I am multitasking and don’t have
the luxury to stay looking at the screen as
Mitch’s dog…
[07:43 am] doji : STX… long from the
open
[07:43 am] doji : FSLR long at around
9:45AM
[07:43 am] doji : and AMLN S at $18.25….(I
owe that to Rusty)…
[07:44 am] doji : Thny I put my target exist
in autopilot… and went for a meeting
[07:47 am] doji : The bottom line is: no
matter what, I really enjoy being on this
room…
[07:50 am] shark : anybody see any clues
toward higher/lower push today?
[07:54 am] observer : some new buying in the
metals taking them above daily
resistance(SLW, GLD)
[07:54 am] rusty : Chief of Police in Sinai,
Egypt, confirms to NBC that 2 American
hostages have been released – NBC News
[07:55 am] observer : goood news
[07:55 am] thomasohana : great news
[07:59 am] qwert : mitch thx for cvs[07:59
am] scalpman : All out SODA S….wow! good.
I used TS Scanner to find. It is pretty
good.
[08:00 am] observer : scalp, is that Think
or Swim?
[08:00 am] scalpman : TS Scanner has Rapidly
Rising, Rapidly Falling, and GAP Up Runner,
Gap Down Runner.
[08:00 am] skydiver : CEMP IPO just
opened
[08:00 am] shark : Grafitti artist at
Facebook took stock -worth estimated $200M
now
[08:00 am] scalpman : I have not used it
before, as I rely more on TSA for calls. But,
I am broadening horizons. I will try to call
out ideas more.
[08:00 am] scalpman : Tradestation[08:01 am]
scalpman : It has a lot of low price and low
volume, I think it can be edited. Have to
check.
[08:04 am] scalpman : UAN moving up
[08:04 am] observer : SLW new hod[08:06 am]
scalpman : FOSL watching for bounce
[08:07 am] scalpman : SODA may bounce
[08:08 am] joeytsa : watching CRM, having
issues in this area
[08:10 am] qwert : Mitch if you have time i
noticed on your spy chart this morning you
had parabolic sar can you explain how that
works?
[08:10 am] joeytsa : SODA tested prev
high..some res near $41.50
[08:10 am] skydiver : thnx joey on SODA
[08:10 am] mrpolo : CTCT hod[08:11 am]
thomasohana : VRTX
[08:11 am] Mitch K: there are many others
better than parabolic, seriously. i would
tell you if i liked it
[08:11 am] joeytsa : FOSL trying to hold
support..don’t like that lower high though
[08:12 am] qwert : i had never seen it
before looks cool on the chart though 🙂
[08:13 am] joeytsa : BKS spike higher
[08:13 am] Mitch K: hey qwert, don’t use
parabolic sar, it is so slow, so late you
will lose money, just believe me
[08:13 am] Mitch K: it’s a pain in the bum to
use, not easily adjustable
[08:13 am] skydiver : AON dropping
[08:13 am] qwert : oh i believe you
mitch[08:13 am] thomasohana : IGT
[08:14 am] skydiver : thnx for the reminder
Ed on chasing
[08:14 am] Mitch K: it might work on a long
term buy and hold but if anyone says they are
day trading it or even swing trading within a
2 week time frame, well, you might question
their, uh, credibility or level of
knowledge
[08:15 am] shark : AGQ continuing higher
[08:22 am] rusty : MAKO radar
[08:23 am] rusty : EKDKQ hod[08:23 am] rusty
: Kodak is not dead
[08:23 am] rusty : (yet)
[08:24 am] rusty : many of these bankrupt
stocks take a run before they inevitably
die
[08:24 am] scalpman : SHLD S @ 44.80
[08:25 am] scalpman : All out HLD S
[08:25 am] thomasohana : UAL
[08:29 am] starling : SHLD short 44.37
[08:31 am] scalpman : PPO S to watch
[08:32 am] joeytsa : obama speaking
[08:32 am] skydiver : I’m shorting all
stocks now if Obama speaking 🙂
[08:34 am] scalpman : Anyone get PPO
[08:35 am] scalpman : HUM may short @
90.00
[08:35 am] shark : I think NFLX eyeing my
130 strike today
[08:35 am] shark : on expiration
weeklys[08:35 am] joeytsa : maybe get pinned
there?
[08:35 am] scalpman : 2nd chance on PPO if
it doesn’t make new high
[08:36 am] rusty : sold 2/3 PPO
[08:36 am] observer : pitching more Solyndra
(green energy)
[08:36 am] scalpman : increasing (parabolic)
volume PPO
[08:37 am] scalpman : PPO S @ 47.90
[08:38 am] scalpman : Hum at 90
[08:38 am] lightning : S a little PPO
[08:38 am] scalpman : PPO classic
[08:39 am] scalpman : Out 1/2 PPO
[08:39 am] rusty : sold balance of PPO long
swing +9 avg on trade
[08:39 am] lightning : wow rusty!
[08:40 am] observer : way to hang in there,
rusty
[08:40 am] joeytsa : great job rusty
[08:41 am] lightning : out 1/2 PPO short
[08:41 am] rusty : please review log from
the day it was at its low….very instructive
regarding sentiment and trading
[08:41 am] scalpman : Careful with HUM could
go higher
[08:41 am] scalpman : All out PPO S
[08:41 am] starling : SHLD 2nd short
possible???
[08:42 am] scalpman : Didn’t manage my last
stop…oh well. took early profit on PPO
[08:42 am] apple : good job scalp
[08:43 am] observer : profit is good
[08:43 am] shark : Congressional insider
trading ban passes Senate
[08:46 am] scalpman : Nice one Brent, I
looked but didn’t go in.
[08:46 am] joeytsa : interesting that the ES
still hasn’t cracked 1340
[08:46 am] scalpman : HUM S @ 89.92
[08:46 am] joeytsa : nice trading Brent
[08:47 am] lightning : PPO seems stuck
around…needs to push below it here.
[08:47 am] lightning : stuck around 47
[08:48 am] apple : good call on CAH
[08:50 am] Ed : nice one Brent
[08:50 am] rusty : added to AMLN s
[08:51 am] lightning : there goes PPO
down.
[08:52 am] rusty : CRR lod[08:53 am]
scalpman : Hum is “flat”
[08:54 am] scalpman : OUt 2/3 HUM
[08:55 am] scalpman : All out HUM…small
profit…but not worth effort.
[08:55 am] rusty : anyone getting interested
in TZA?
[08:55 am] apple : sure, why not?
[08:56 am] mhaus : rusty, instead of TZA, I
prefer shorting TNA. Just my preference.
[08:56 am] mhaus : TNA moves a lot more than
TZA
[08:57 am] scalpman : Time to go….Big day
11 for 12. Best ever. thanks for excellent
calls in the room. And, I found a few myself
today with Tradestation Hot Picks. Works
Pretty well.
[08:57 am] mhaus : compare the current moves
of TNA and TZA
[08:57 am] rusty : agree mh, i like TNA s
better
[08:58 am] apple : although TZA just spiked
now
[08:58 am] mhaus : TZA had a 10c move, TNA
had a 30c move for the same period.
[08:59 am] rusty : it’s percentages so moves
won’t be same
[08:59 am] mhaus : Agreed
[08:59 am] rusty :
http://finance.yahoo.com/q/bc?s=TNA&t
=1y&l=on&z=l&q=c&
amp;c=tza
[08:59 am] apple : true
[09:00 am] shark : LULU heading to lod[09:02
am] lightning : all out PPO short
[09:10 am] rusty : BVSN moving down fast
[09:12 am] lightning : PPO may give another
short soon
[09:15 am] starling : Today SHLD moves up
5.6%. Is it time to cover swing short?
[09:19 am] qwert : i got .75cents thx
mitch[09:19 am] Mitch K: anyone short CNW,
just curious
[09:20 am] skydiver : hey Joey – I’m signing
up for Light Speed – how do you like it?
[09:20 am] joeytsa : it’s not perfect, but
no probs for me
[09:20 am] joeytsa : you can get a demo
[09:20 am] joeytsa : except you won’t be
able to use it this weekend
[09:21 am] joeytsa : lightspeed goes offline
after a certain time of day, and weekends
[09:21 am] qwert : i hate that about
lightspeed but otherwise love it
[09:21 am] joeytsa : charts have that
original nintendo feel to me
[09:22 am] joeytsa : but for my purposes i
like it
[09:24 am] joeytsa : wish they had chart
trading, but syncs well with
esig/madscan[09:25 am] skydiver : thanks
joey – and you indicated they have a deal on
esignal as well
[09:25 am] joeytsa : yeah and with
madscan[09:26 am] joeytsa : all 3 have
decent live chat if you have questions…but
i think most companies do nowadays
[09:26 am] shark : LULU testing flag at
21,50,100 min vs 200min ma
[09:27 am] shark : PCLN new hod[09:27 am]
joeytsa : ES touched 1340, slight pullback
both times
[09:28 am] shark : SLV AGQ break above
200min ma
[09:28 am] joeytsa : break above and hold
might give 1350 the next res area
[09:28 am] go4it : no trailing stops on
LS
[09:29 am] starling : Joey, ES= Energy
Solution? Its only 4 stock.
[09:29 am] lightning : go4it, you can set
trailing stops in LS. You have to create a
custom order and select trailing stops. I
set it up so I have buttons on my layout for
trailing stops.
[09:30 am] joeytsa : there is a way
[09:30 am] joeytsa : correct lightning
[09:30 am] go4it : oh really didn’t know
that thanks
[09:30 am] joeytsa : starling: sorry, the ES
is the s&p emini future
[09:31 am] lightning : go4it, LS has a user
manual…you can go to the stops section and
it explains it there.
[09:31 am] joeytsa : yeah go4it..lots of
little things you can do, I’m still
learning
[09:31 am] starling : Oh, so you checked it
for what?
[09:32 am] apple : go4it – send me an email
– i have the pdf that explains the stops.
[09:32 am] joeytsa : i use the ES like
others follow the SPY
[09:32 am] joeytsa : market direction
etc[09:32 am] joeytsa : i use both a long
and short term tick chart
[09:32 am] go4it : thx the other thing was
demo you have to call and have it switched
on
[09:32 am] starling : Hmmm different
approach, may be advanced trades
[09:33 am] shark : AGQ SLV retest of 200 min
ma
[09:33 am] joeytsa : i actually need to chat
with lightspeed…trying to change some pages
and things go flying to different monitors
haha[09:34 am] joeytsa : starling: not so
much advanced, sometimes Mitch has the SPY
up in the room..just gives you an idea what
direction the market is currently going
[09:37 am] shark : nice ED
[09:47 am] thomasohana : Looks like SPY is
creating a bearish rising wedge pattern
[09:52 am] qwert : big order at 61.99
kex[09:53 am] starling : Any news on SHLD
cuz it suddenly moves up 5.6%?
[09:58 am] lightning : I don’t see any news
today on SHLD
[09:59 am] rusty : SHLD news = 63% short
[10:00 am] rusty : doesn’t need much to
cause a short squeeze
[10:01 am] rusty :
http://www.nasdaq.com/symbol/shld/short-inter
est
[10:03 am] shark : maybe the ceo is selling
it all short
[10:03 am] skydiver : nice Ed on YPF
[10:04 am] thomasohana : nice ed!
[10:05 am] mhaus : GSVC spiked
[10:05 am] doji : Argentina suspend
incentives on oil and gas co such us YPF
[10:06 am] rusty : anyone familiar with XCO?
starting to look interesting on the daily
chart
[10:07 am] shark : something to do with gas,
rusty?
[10:08 am] observer : might be setting up
for a cup and handle
[10:09 am] rusty : Wilbur Ross took a stake
in XCO much higher
[10:09 am] shark : NFLX spike in
vol/price
[10:10 am] starling : I see. Thx Rusty. That
SHLD short squeeze over now? it had 1st short
squeeze a couple of weeks ago.
[10:11 am] shark : NFLX getting sneaky
here
[10:11 am] rusty : short squeeze not over
until the shorts capitulate….looks like
they have added to their positions
[10:12 am] shark : agreed
[10:13 am] skydiver : EW still strong
[10:13 am] starling : So should we go long?
bcuz the 1st short squeeze had a very good
run.
[10:14 am] rusty : are you daytrading or
swinging?
[10:14 am] starling : Swing Rusty
[10:15 am] rusty : i like to swing these
long when they are oversold….kind of middle
of range here
[10:15 am] rusty : 30-54 is the recent
range
[10:16 am] rusty : SHLD for example had an
rsi of 12 at the bottom
[10:16 am] rusty : and 60 at the recent
top
[10:16 am] rusty : now about 54
[10:17 am] rusty : I use that as a
gauge…not exact science
[10:17 am] rusty : yesterday it was slightly
oversold based on daily chart
[10:18 am] richard : Thanks Ed CTCT
[10:18 am] Ed : nice patience
[10:20 am] starling : Rusty I’m not familiar
with RSI, but stochs are near bottom on
daily. That is a good set up for SHLD short
squeeze long?
[10:21 am] mhaus : EW
[10:22 am] rusty : generally yes but much
better when it’s extremely oversold
[10:22 am] rusty : like a rubber band
[10:22 am] starling : Thx Rusty
[10:23 am] rusty : when you get rsi’s less
than 20 and a high short interest that is the
place to start looking
[10:24 am] rusty : you can find rsi on
stockcharts.com
[10:24 am] lightning : rusty, is there a
source for short interest on a real time
basis?
[10:25 am] richard : still left before
signal on CTCT
[10:25 am] rusty : every 15 days short
interest is officially updated
[10:26 am] go4it : go KEX
[10:26 am] rusty : you can usually gauge the
change in short interest just by the stock
price
[10:26 am] rusty :
http://www.nasdaq.com/symbol/shld/short-inter
est
[10:26 am] rusty : if you notice with SHLD
the short interest is still going higher
[10:27 am] rusty : my guess on SHLD based on
the chart is some shorts capitulated in the
last week or so, should show up in the next
number
[10:28 am] apple : nice move on KEX MK
[10:28 am] go4it : Yes MK ! target?
[10:31 am] starling : Rusty, in lay man’s
word the number increased this period, so
short squeeze will continue next week
right?
[10:32 am] skydiver : S EW 72.69
[10:32 am] skydiver : hard to chat with
Light Speed and trade – lol 🙂
[10:33 am] skydiver : out 1/2 EW S @
72.58
[10:33 am] skydiver : moving stop down
[10:33 am] rusty : yes, if the market
continues up
[10:33 am] rusty : but I am guessing some
shorts capitulated on 1/23
[10:33 am] starling : Rusty how to gauge
short interest by price?
[10:33 am] mhaus : CTCT
[10:34 am] mhaus : SIMO
[10:34 am] rusty : just by
experience….look at price and volume
[10:35 am] mhaus : MU halted
[10:35 am] mhaus : news pending
[10:36 am] richard : lesson learned, check
the daily chart , CTCT
[10:37 am] rusty : starling plot SHLD short
interest vs price and you will see the
correlation
[10:37 am] skydiver : out another 1/4 of EW
S 72.36
[10:38 am] rusty : SHLD had a 50% increase
in short interest between December and
January
[10:38 am] rusty : from 10M to 15M
[10:38 am] rusty : i.e. everyone was betting
that SHLD would go lower
[10:39 am] skydiver : EW approaching VWAP
[10:39 am] apple : i remember your
discussion on SHLD, rusty
[10:39 am] skydiver : well – broke VWAP for
a moment
[10:39 am] skydiver : come to papa EW 🙂
[10:40 am] rusty : when short interest is
already high and you see a big sudden
increase in short interest….especially as a
stock gets oversold, it should get your
attention
[10:40 am] apple : nice on EW sky
[10:41 am] skydiver : moving stop down
[10:41 am] skydiver : KEX dropping?
[10:42 am] apple : looks like it – 2 min —
my screens keep flying…
[10:42 am] skydiver : all out of EW S —
[10:42 am] go4it : Stopped out KEX +2.05 THX
MK
[10:42 am] apple : great job sky
[10:42 am] Ed : nice sky, go4it
[10:42 am] apple : great job go4it
[10:43 am] skydiver : love those — can’t
believe I was scared to death of shorting in
the beginning – now I love shorting 🙂
[10:43 am] apple : shorting is very
good…
[10:43 am] skydiver : nice job go4it!!!
[10:43 am] go4it : Live too ! thx A
[10:43 am] skydiver : fantastic go4it 🙂
[10:43 am] sfarrill : SIMO
[10:47 am] apple : got it, thx MK
[10:47 am] skydiver : missed it Mitch – nice
apple
[10:48 am] go4it : sure did Mitch thx
+2.05
[10:49 am] starling : Yes Rusty I shorted
SHLD and green until this morning. Now it is
B/E.
[10:50 am] skydiver : well – 6 wins and 0
losses today — 🙂 doing something right
[10:54 am] pma5195 : is ypf ready to go up I
think so
[10:56 am] starling : Rusty, SHLD short
squeeze run next week will be as strong as
the 1st? just to listen your opinion.
[10:57 am] mhaus : MU CEO has died
[10:58 am] rusty : starling, there are
better swingtrades out there imo[10:58 am]
rusty : sounds like you may be trying to
justify a trade
[10:59 am] rusty : that isn’t the highest
percentage
[11:00 am] rusty : KEX radar
[11:00 am] starling : I long EXC, NOC, short
SHLD.
[11:06 am] go4it : kex[11:24 am] rusty : u
guys see the news on MU?
[11:25 am] qwert : ceo died right?
[11:26 am] rusty :
http://blogs.wsj.com/marketbeat/2012/02/03/mi
cron-ceo-passes-away-after-plane-crash/
[11:34 am] mhaus : CNQR and KEX moving
again
[11:34 am] mhaus : N
[11:39 am] mhaus : SODA reversed too. Missed
that.
[11:39 am] mhaus : APKT
[11:39 am] pma5195 : when is kex a short
jeez
[11:43 am] lightning : about 40 cents ago,
lol[11:43 am] pma5195 : yea lol[11:43 am]
doji : CNQR
[11:43 am] pma5195 : are you looking to
short apkt?
[11:45 am] pma5195 : well i guess apkt was a
short also
[11:45 am] lightning : i guess so.. I’m S a
little CNQR
[11:46 am] mhaus : watching GMCR
[11:50 am] starling : Rusty SHLD shot up
again. Shortable?
[11:52 am] mhaus : SIMO
[11:52 am] mhaus : NFLX possibly turning
[11:57 am] doji : out 1/2 CNQR short
[11:58 am] Kris : SHLD looking like a swing
trade long
[11:59 am] starling : Thx Kris, I am waiting
SHLD pull back
[12:00 pm] lightning : out 1/2 CNQR short
[12:01 pm] observer : good accumulation,
Kris
[12:02 pm] starling : I should cover my SHLD
short at B/E. Wait for a while and lost some
amount.
[12:02 pm] mhaus : INVN
[12:03 pm] doji : AMLN turning over
[12:08 pm] skydiver : watching SINA
[12:16 pm] qwert : sina lod[12:17 pm] doji
: Anyone taking SHLD home?
[12:17 pm] rusty : IDIX WIlliam Blair
raising price target to $14 from $10 out
earlier…..stock down analyst raises price
target
[12:17 pm] Kris : analyst hoping to raise
price to get out of long position before
another drop
[12:17 pm] qwert : exactly on idix[12:18 pm]
rusty : maybe if it goes down another couple
of points he will raise target to 20
[12:18 pm] doji : Is that legal?
[12:18 pm] doji : Is it not like pumping and
dumping?
[12:19 pm] doji : Except the news come from
an analyst…
[12:19 pm] rusty : welcome to wall
streeet[12:19 pm] Kris : lol[12:19 pm] Kris :
if it’s a big enough problem and they have
resources to investigate it and they can
connect the dots
[12:19 pm] Kris : yes, it’s illegal
[12:20 pm] rusty : if you listen to the
analysts you would be buying 80% of the
time
[12:21 pm] rusty : and then selling at low
the other 20% of the time
[12:21 pm] doji : another 1/4 out CNQR S
[12:22 pm] rusty : Demark said we would top
here last week
[12:22 pm] rusty : now he says we go higher
and then top
[12:23 pm] doji : KEX unstoppable… worth
to watch on Monday
[12:25 pm] lightning : that is some wick on
KEX daily
[12:25 pm] Kris : lol[12:25 pm] Kris : keep
calling it, eventually he will be right
[12:28 pm] rusty : REGN worth watching based
on daily chart
[12:29 pm] lightning : we could see an RSH
gap fill on Monday.
[12:30 pm] lightning : All out CNQR short
[12:33 pm] rusty : CPST radar
[12:33 pm] rusty : secondary offering
[12:34 pm] shark : SAVE looking parabolic on
daily
[12:35 pm] shark : watch for short in near
term
[12:35 pm] rusty : whole airline sector
looks similar
[12:36 pm] rusty : look at FAA the airline
etf[12:37 pm] rusty : DRYS finding some
bottom buyers today
[12:40 pm] shark : thx FAA, rusty!
[12:45 pm] rusty : VIX lod[12:45 pm] rusty
: kinda strange with market dipping
[12:45 pm] shark : I show it just off hod
-rusty
[12:46 pm] shark : 17.33 hod -now 17.24 –
lod 16.10
[12:46 pm] rusty : thx shark, bad tick
here
[12:47 pm] shark : yeah, don’t trade that
one
[12:47 pm] rusty : TVIX and VXX lod
tho[12:47 pm] rusty : something has to break
here
[12:48 pm] shark : rusty….loy[12:48 pm]
rusty : yup
[12:48 pm] shark : check out today’s daily
volume on TVIX
[12:49 pm] rusty : yup, everyone bullish
[12:49 pm] shark : really looks like some
sort of capitulation
[12:50 pm] shark : maybe close
[12:50 pm] rusty : good time to start
hedging a bit
[12:50 pm] shark : yeah, low cost
[12:50 pm] rusty : just based on that
volume
[12:59 pm] joseph : good night
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