| (05:59 am) JoeyTSA :using /ES 1823-1830; /NQ
3475-3496;/CL 103-103.25
(05:51 am) JoeyTSA :gap up: ZBRA,JNJ
(05:52 am) JoeyTSA :gap don: mainly metal
etfs, USLV,AGQ,NUGT etc
(06:15 am) Mitch King:CL 4-14 popping
(06:19 am) Mitch King:sorry i meant 5-14
expiration date
(06:27 am) Mitch King:Premarket UP: HPJ,
HALO, ONVO, ZBRA, WLT, KO, JNJ, FB,
Premarket DOWN: ABX, NBG, NGD, GFI, HMY,
VALE, AU, ANV, AAN, USLV, RGLD,
(06:30 am) Qwert :watching ARUN
(06:31 am) Mitch King:watching ARUN for more
upside
(06:31 am) Mitch King:watching COH for more
downside before bottom
(06:32 am) Mitch King:watching FLR for
uptrend
(06:33 am) Mitch King:watching WHR for
uptrend
(06:33 am) Mitch King:monitoring DE
(06:33 am) Mitch King:watching VLO for
uptrend
(06:34 am) Mitch King:watching TIF for
uptrend initially
(06:35 am) Mitch King:watching PBH for top to
short
(06:35 am) Mitch King:watching AXLL for top
to short
(06:38 am) Mitch King:watching CTRP for
bottom
(06:39 am) Mitch King:monitoring MNTA
(06:39 am) Mitch King:watching RCII for
bottom
(06:40 am) JoeyTSA :SCTY moving a bit
(06:42 am) Mitch King:monitoring VMW
(06:42 am) Mitch King:monitoring TSL
(06:44 am) Mitch King:watching PBH for short
(06:46 am) Mitch King:CTRP getting
interesting for bottom to buy, soon
(06:46 am) JoeyTSA :eye on FEYE $50 level
(06:48 am) Mitch King:long CTRP 50.81
(06:49 am) Mitch King:for CTRP, on chart
(06:49 am) Mitch King:that red line is
target
(06:50 am) Mitch King:market indexes at high
(06:51 am) Mitch King:consider reducing CTRP
if long
(06:52 am) Mitch King:expecting more downside
on PBH
(06:52 am) Mitch King:watching CONN for top
to short, take time before shorting
(06:54 am) Mitch King:AGCO uptrending
(06:54 am) Mitch King:TRIP uptrending, could
last for a while
(06:55 am) Mitch King:TITN worth small short
swing
(06:56 am) Mitch King:watching INFY for
bottom, would like acceleration like CTRP
had
(06:58 am) Mitch King:monitoring CCE drop,
(06:58 am) JoeyTSA :eye on FB $59 level
(06:59 am) Mitch King:monitoring CCK
(07:00 am) Mitch King:CTRP gets itneresting
again near $51, for 2nd pop, not as big of
pop 2nd time
(07:03 am) Mitch King:watching HLF for bottom
to buy
(07:07 am) Mitch King:long INFY 52.12
(07:08 am) Mitch King:INFY bounce much weaker
than the CTRP bounce we had earlier
(07:09 am) Mitch King:watching HLF closer
(07:13 am) JoeyTSA :eye on 1830
(07:19 am) Mitch King:also, don’t wait for me
to give you an exit order like INFY, i closed
long for 3 cents profit, didnt like trading
action
(07:19 am) Mitch King:when CTRP breaks below
original bottom , you stand aside but next
bottom on CTRP should also be a tradable
long
(07:21 am) Mitch King:TNA is 3x leveraged
long small cap
(07:21 am) Mitch King:watching TNA for bottom
to buy
(07:22 am) Mitch King:TNA is usually 2-3 cent
spread,
(07:25 am) Mitch King:watching PETM for
bottom to buy
(07:26 am) Mitch King:TNA interesting here 65
level
(07:27 am) Mitch King:reducing TNA soon
(07:34 am) Mitch King:should get a pretty
godo bounce on TNA, along with market
indexes,
(07:37 am) Mitch King:reducing TNA again,
that was 66 cents profit so far,
(07:41 am) Mitch King:monitoring MJN for long
entry, no hurry
(07:43 am) Mitch King:MJN is a good stock to
put as a 2 min chart and monitor
(07:46 am) Mitch King:should get a nother
bounce here in TNA
(08:00 am) Mitch King:watching TTM drop more
(08:00 am) Mitch King:watching AAPL now
(08:00 am) Mitch King:MJN looks like a NO GO
so far
(08:05 am) Mitch King:watching TSLA
(08:31 am) Mitch King:we’re getting a bottom
slowly be established, just very beginning of
that now
(08:40 am) Mitch King:new low on NFLX, worth
watching but no hurry at all
(09:05 am) Mitch King:monitoring GMCR
(09:07 am) Mitch King:MD
(09:07 am) Mitch King:md SPIKE DOWN
(09:44 am) JoeyTSA :watching FEYE @ $45
(10:01 am) Mitch King:new low on indexes
(10:33 am) Mitch King:TSLA moving up now.
watching CONN
(12:01 pm) JoeyTSA :just a reminder that
there is no trading on friday, options expire
on thursday
(12:49 pm) Qwert :ANN moving
| (05:25 am) JoeyTSA :Good morning
bill,mber,regatta…3 reports coming out in 4
min
(05:25 am) JoeyTSA :then ticlong term @ 6,
nahb housing index @ 7
(05:27 am) devo :GM everyone
(05:27 am) Qwert :Good morning Joey,
everybody
(05:41 am) bill1 :GM everyone. 🙂
(05:48 am) skydiver :gm allom
(06:04 am) rd :Good morning everyone
(06:15 am) Qwert :nice /CL call on that
103.25 level joey
(06:15 am) JoeyTSA ::)
(06:23 am) freitag8 :Mornining…
(06:24 am) JoeyTSA :/CL testing S1 res
(06:25 am) freitag8 :I’m watching WBMD for a
2nd day play… Short $44, Stop with Reverse
order at $44.25
(06:28 am) Qwert :Mitch /CL was perfect money
trade setup. thx
(06:28 am) freitag8 :On Radar: KO, JNJ, AAN,
EW, GDP, IBB, AMZN, DDD
(06:28 am) JoeyTSA :boring play for me would
be the KO $40 level
(06:29 am) JoeyTSA :only say that because KO
isnt usually much of a mover
(06:31 am) Mitch King:yes qwert i agree at
601am pt
(06:41 am) JoeyTSA :error on premarket /NQ
level, should have been 3486 not 3496 sorry
(06:42 am) JoeyTSA :i lke the GMCR so far
(06:51 am) skydiver :nice one joey on GMCR
(06:53 am) regatta :watching INFY
(06:58 am) JoeyTSA :sky: will be watching to
see if GMCR can push to $100
(06:59 am) JoeyTSA :not looking like it at
the moment, we’ll see
(06:59 am) skydiver :gotcha joey
(07:00 am) JoeyTSA :watching /ES for next
push back to 1837, next level up from there
would be 1840
(07:01 am) skydiver :HOusing market came out
at 47 – looking for 48 or 49ish
(07:01 am) JoeyTSA :thx sky
(07:10 am) JoeyTSA :that lower high on /ES
was great short opp
(07:11 am) JoeyTSA :couldnt quite get back
to1837
(07:12 am) scalpman :CONN droping
(07:13 am) scalpman :…reluctantly
(07:14 am) JoeyTSA :1830 needs to hold, if
not 1827 and below will probably be the
targets
(07:14 am) JoeyTSA :most scanners i have are
huitting red
(07:14 am) JoeyTSA :hitting
(07:15 am) JoeyTSA :/NQ into pp support
(07:16 am) regatta :just watching HGG
(07:16 am) JoeyTSA :back in 20, good calls
(07:19 am) regatta :watching KING
(07:31 am) freitag8 :CTRP found support at
this level on Last Monday
(07:32 am) Murano :BIDU trying to hold 150
(07:33 am) regatta :nasd down more that dow
(07:37 am) regatta :watching RKT
(07:38 am) freitag8 :looking to short DDD at
$46.50
(07:40 am) Murano :out 3/4 BIDU
(07:47 am) Mitch King:this bounce in TNA
should take more time to move up
(07:49 am) Mitch King:overall, the market
indexes have been acting very bearish to me,
like this TNA bounce, no follow through,
should have made higher highs by now
(07:56 am) regatta :watching CMGE
(07:56 am) skydiver :thnx for awesome calls
— one poorly handled trade, but three solid
wins after that . .. ok . . see you all
tomorrow and make lots of $$ 🙂
(07:57 am) freitag8 :u too
(07:58 am) Qwert :cya sky enjoy
(07:58 am) freitag8 :enjoy my friend
(08:03 am) JoeyTSA :some really great shorts
going on
(08:04 am) regatta :dow and nasd tag teaming
to see who can go lower
(08:04 am) JoeyTSA :yeah
(08:04 am) JoeyTSA :20pt drop on ES from that
1837 area
(08:06 am) JoeyTSA :sure missed that LNKD dbl
top neg div short..about a $5 move
(08:07 am) freitag8 :covered DDD @ $46
(08:07 am) freitag8 :$46.09
(08:09 am) Mitch King:hey joey,
(08:09 am) JoeyTSA ::)
(08:09 am) Mitch King:what do you think of
this market,
(08:10 am) JoeyTSA :feels ugly
(08:10 am) Mitch King:yeah, thats my take
too,
(08:11 am) Mitch King:feels like the
institutional side is starting to sell more
now, funds, pensions,
(08:11 am) JoeyTSA :i think we have earnings
from some bigger name next week…will be
very telling
(08:12 am) JoeyTSA :NYSE BPI is still in X’s
but in a sell signal and made lower highs so
far
(08:13 am) JoeyTSA :probably easier to
daytrade this market than to swing it
(08:13 am) Mitch King:much easier, it feels
like we have more downside on the daily
charts
(08:14 am) JoeyTSA :that was an ugly move
down on/ES
(08:14 am) JoeyTSA :today i mean
(08:15 am) freitag8 :I been Swing Trading
DDD… but it’s an exception to the rule for
sure
(08:15 am) freitag8 :KNDI is another you can
swng trade
(08:15 am) JoeyTSA :you mean short, right
(08:16 am) freitag8 :yup… on both
(08:17 am) JoeyTSA :def been in a downtrend
this year
(08:17 am) freitag8 :been IntraDay trading
them too, but have the 50/45 Put Debit Spread
on DDD
(08:17 am) freitag8 :I think KNDI is going
to $7
(08:18 am) JoeyTSA :it it loses $10 level i
agree
(08:18 am) JoeyTSA :or at least down to $8
(08:19 am) freitag8 :$8 would be good too…
I have it ratioed with 2 long to 1 short
(08:20 am) JoeyTSA :cool, i used $8 because
my daily chart i am looking at isin $2
increments haha
(08:20 am) JoeyTSA :and i like easy 🙂
(08:21 am) freitag8 :easy is always good
(08:21 am) JoeyTSA :i use chart scaling as
targets at times
(08:21 am) freitag8 :I got one of those
buttons… my Secretary in Brazil hits it
often
(08:24 am) Mitch King:do you guys think that
NJ gov Christie has a chance at nomination
for Pres?
(08:24 am) JoeyTSA :as much as freitag does
haha
(08:24 am) Mitch King:I would think his
chances are pretty much toast
(08:24 am) Mitch King:burnt toast
(08:25 am) regatta :that bridge scandle
really hurt him
(08:26 am) Mitch King:yeah, i think so, plus
the investigatino process is just getting
going, i thinkj a lot of dirt is going to
come out on this
(08:26 am) freitag8 :LOL… U don’t want me
as President… there would be a lot of angry
people
(08:27 am) JoeyTSA ::) same here..i would be
1st president at SOTU in jeans 🙂
(08:27 am) freitag8 :I once voted in favor
of Capital Punishment for Parking Tickets…
they don’t want me
(08:27 am) freitag8 :lol
(08:27 am) freitag8 :as long as they arent
the see thru workout pants
(08:28 am) JoeyTSA :haha, thats only if i do
yoga 🙂
(08:28 am) Qwert :joey wears Lulu 🙂
(08:28 am) JoeyTSA :nice clothes, a bit
expensive though
(08:28 am) Mitch King:hey Joey, we abuse
people we like
(08:28 am) freitag8 :no $150 jeans for you?
(08:28 am) JoeyTSA ::)
(08:29 am) Mitch King:we know good traders
have thick skins
(08:29 am) JoeyTSA :up until 2 yrs ago, i had
never paid more than $30 for a pain of
jeans…
(08:29 am) JoeyTSA :wife talked me into
upgrading, 1 was $89, the other $109
(08:29 am) freitag8 :I buy only Lucky Jeans
now… Costco $30… ya gotta love em
(08:30 am) JoeyTSA :great price on them, we
have a Lucky store here
(08:30 am) Qwert :same here joey, i actually
only own about 3-4 pairs of pants, where
shorts all the time 🙂
(08:30 am) JoeyTSA :same here qwert
(08:30 am) Qwert :where = wear
(08:30 am) JoeyTSA :i have jeans and then
dress pants..but nothing in between
(08:31 am) Qwert :even in the winter i wear
shorts
(08:31 am) freitag8 :bad visual on the in
between…
(08:31 am) Qwert :same here 2 of each
(08:31 am) Qwert :hahahaha
(08:31 am) JoeyTSA :i hadnt had a suit in
years…had to buy one in 2011 to go to the
Breeders Cup
(08:31 am) freitag8 :you gettin stylish now
Joey
(08:32 am) JoeyTSA :but i had lost so much
weight that i did have to buy a lot of new
clothes
(08:32 am) JoeyTSA :i was 215# when i moved
to vegas
(08:33 am) Qwert :joey you move there for tax
purposes?
(08:33 am) freitag8 :my GF wants to go to
your town here soon Joey… I’m due to be
there next month for a Maverick Trading
conference
(08:33 am) regatta :watching ACAD
(08:33 am) JoeyTSA :no qwert, moved here to
continue gigging fulltime
(08:34 am) Qwert :no state income tax either
tho right?
(08:34 am) JoeyTSA :correct and property tax
is low
(08:34 am) JoeyTSA :i thinkit was around$1400
for me
(08:34 am) Qwert :cool, nice
(08:34 am) JoeyTSA :my sister pays $9k in NY
haha
(08:35 am) Qwert :in cali in our county its
1%
(08:36 am) freitag8 :GF lives in Pismo Beach
but I wanna go to Tahoe… Nevada side to
reduce taxes
(08:38 am) JoeyTSA :regatta, good one on
ACAD, been hammerd recently
(08:39 am) regatta :tks joey, just watching
now, no position yet
(08:42 am) Murano :I have a lunch meeting,
hope to be back
(08:42 am) JoeyTSA :they were pushing the $30
level not long ago, we brought them up
yesterday also
(08:42 am) JoeyTSA :enjoy murano..good to
have you back all week 🙂
(08:49 am) JoeyTSA :was it Faber the other
day saying when things crash, that it will be
a 30% move?
(08:50 am) JoeyTSA :said it would be worse
than 1987
(09:02 am) freitag8 :KNDI into $10 range
(09:03 am) freitag8 :and I covered at
$11.25… darn it!
(09:05 am) JoeyTSA :funny how charts can
change, earlier i liked how GMCR was setting
up
(09:06 am) regatta :watching ENDP
(09:18 am) JoeyTSA :NFLX just pounded tdy
(09:31 am) regatta :SYMC the only green on
the scanners in a while
(09:39 am) regatta :watching SGMO
(09:45 am) JoeyTSA :FEYE looks weak
(09:45 am) JoeyTSA :but a lot of stocks do
(09:50 am) JoeyTSA :Mitch: you asked about
the market earlier, since beginning of yea
GS has gone from $180 to almost $150
(09:50 am) JoeyTSA :if 1810 fails test, 1800
could get tagged
(09:51 am) regatta :just saw OMC
(09:59 am) freitag8 :watching GMCR here at
$94.25… i just get a feeling it will bounce
from here… not a big bounce but something
close to $95
(10:01 am) freitag8 :coered my GMCR short
at 35 cents
(10:01 am) freitag8 :covered*
(10:05 am) freitag8 :If SPX holds here it
has held at this level 3 days in a row
(10:06 am) freitag8 :this was also
resistance back in November… could be a key
level
(10:06 am) freitag8 :if I went long GMCR I
would cover some here
(10:11 am) Qwert :back in a while gonna take
the dogs for a walk
(10:13 am) freitag8 :enjoy ur walk Q
(10:15 am) freitag8 :GMCR at $95
(10:31 am) freitag8 :GMCR may test $96
(10:34 am) freitag8 :CONN looks good
Mitch… nice catch!
(10:36 am) freitag8 :The easy trade on CONN
was 43.80… we all should have been in that
one
(10:37 am) freitag8 :shares gained almost 8%
after two insiders owning more than 10% of
shares in the specialty retailer made
additional purchases.
(10:40 am) freitag8 :SPY… Wall Street was
giving back its opening gains Tuesday
following disappointing housing data and
renewed geo-political worries
(10:44 am) freitag8 :GMCR ran out of steam
near the close right at this $86.50 level
yesterday
(10:44 am) freitag8 :$96.50*
(11:15 am) Mitch King:yeah CONN is a good
mover today frei
(11:18 am) Mitch King:FEYE has been good
mover too
(11:28 am) JoeyTSA :FEYE was nice once it got
back over and held $45
(11:30 am) JoeyTSA :lots of good moves today
(11:30 am) JoeyTSA :also positive that the/ES
is bck over the lower premarket level
(11:31 am) JoeyTSA :will be watching 1823
again if it tests
(11:35 am) JoeyTSA :nice 1830 res test here
(11:46 am) JoeyTSA :LNKD was a beauty also
(11:46 am) regatta :watching HLF
(11:46 am) JoeyTSA :both ways
(11:51 am) Murano :monitoring TWTR
(11:55 am) JoeyTSA :missed decent move on
/NQ
(12:00 pm) Murano :covered 3/4 TWTR
(12:06 pm) Murano :covered last 1/4 TWTR
(12:09 pm) freitag8 :CONN having some nice
moves here in the final hours of trading
(12:11 pm) Mitch King:i think this Ukraine
military action to retake an airport back in
eastern Ukraine brought mkts to lower levels
this morning
(12:12 pm) JoeyTSA :seemed to affect oil a
bit too
(12:13 pm) Qwert :heck of a bounce off 181.50
on the spy
(12:17 pm) JoeyTSA :yeah , another nice
bounce off of 1830
(12:17 pm) Mitch King:TWTR should be good
long swing from here for a few days
(12:18 pm) Qwert :Mitch u think 50 area is
possible
(12:20 pm) freitag8 :I did not see DDD
hitting $48 today… missed that move
entirely
(12:21 pm) Mitch King:yeah i think it should
get close to that on first bull run qwert,
maybe pullback a little then make higher
highs. this whole group should have strong
strong rebound
(12:21 pm) Qwert :thx mitch
(12:21 pm) Mitch King:we are going to be
kicking ourselves for not buying this sector
that has gotten killed
(12:22 pm) Mitch King:not just the online
stocks, but others that have taken 45-55%
correction in last 30 days
(12:22 pm) JoeyTSA :heck of a bounce on it
(12:22 pm) Mitch King:i think FEYE has a
little more downside risk though but not too
much. i like the online companies better
though
(12:23 pm) Mitch King:TRIP is another good
one that i think goes to mid 90s
(12:24 pm) Mitch King:this whole rotation out
of the high flyers is overdone, as usual.
but that is what makes great opportunities
(12:25 pm) Mitch King:the biotechs, i don’t
trust them to bounce near as strongly as the
online stocks. Biotechs won’t have the same
strength in the rebound. A lot of biotechs
will just be left for dead. also be dead
money for quite a bit longer time
(12:27 pm) Mitch King:if there was a good
time to start looking for longs, this is a
great time. whatever you have been hearing
on tv, talking heads, thats all noise, static
interference. just ook at this TWTR daily
chart. there are many stock charts that look
like this
(12:28 pm) JoeyTSA :except the opposite side
says TWTR at a great point to re-short it
(12:28 pm) Mitch King:hey whatever you hear
from Melissa Lee do her drama fear thing on
tv, look to use her as a contrarian
iindicator
(12:29 pm) JoeyTSA :i keep the vol off
usually haha
(12:29 pm) JoeyTSA :you only have to watch
their eyes..how many times are they looking
at the ticker
(12:29 pm) Mitch King:you mean to reshort
TWTR after a rebound? yeah, i think there is
going to be a small pullback. so if it TWTR
goes to 50, sure i could see $47 again
briefly, but the odds heavily favor higher
prices for these that got whacked 50%. you
want to stay with the stocks that were
popular momentum stocks
(12:30 pm) JoeyTSA :around $45, based on
technicals
(12:30 pm) JoeyTSA :but $50 works for me too
(12:30 pm) Mitch King:you mean TWTR rebound
to 45 or a pullback to 45?
(12:31 pm) JoeyTSA :rebound to 45, then back
down
(12:31 pm) Mitch King:i would think TWTR
rebounds well past 45
(12:31 pm) JoeyTSA :based on my daily charts
(12:31 pm) JoeyTSA :i have the 20ma around
45, same wit the midline of my bb’s
(12:31 pm) Mitch King:im not sure what price
the first bounce goes to but i do think this
whole group is going to make a move up. not
as strong as TWTR did in early December from
$40 to 75
(12:32 pm) JoeyTSA :but both 45 and 50 have
price action also
(12:32 pm) JoeyTSA :i see $55 as the high end
at th moment
(12:32 pm) Mitch King:im probably thinking of
a hold time longer than you are on this next
move though joey
(12:33 pm) Mitch King:yeah, i dont see $55 on
a direct move, i think its a stepladdering
process
(12:33 pm) JoeyTSA :$55 was support in dec, 2
times in jan, then res early march
(12:33 pm) JoeyTSA :agree with step laddr
(12:34 pm) Mitch King:i think $55 would be
difficult to hold on TWTR if it moves up
quickly, i’d say $48-50 on first bounce, then
slight pullback and another move up
(12:34 pm) bill1 :Gotta run guys. It’s been
a great day. I’m starting to relax and have
fun with this. Thank you everyone. I hope one
day I too can supply some insight to this
Trading Room.
(12:34 pm) Mitch King:good job bill
(12:35 pm) JoeyTSA :nice job bill,enjoy the
da
(12:35 pm) JoeyTSA :day
(12:35 pm) Mitch King:i’m at least confident
to stake Joey’s reputation on this
(12:35 pm) JoeyTSA ::)
(12:36 pm) Mitch King:we got to make each
other laugh
(12:36 pm) JoeyTSA :my rep wont even get you
a free buffet at a casino 🙂
(12:36 pm) Qwert :lol
(12:36 pm) Mitch King:how about among horse
traders
(12:36 pm) Qwert :cya bill
(12:37 pm) JoeyTSA :only at certain tracks
🙂
(12:38 pm) Murano :I thought TWTR would fall
back to the 43.50 area from the 45 40 minutes
ago. showed more strength than I expected.
(12:46 pm) JoeyTSA :Thanks
Mitch,Murano,Qwert,traders
(12:46 pm) JoeyTSA :enjoy your day, see you
tomorrow morning
(12:46 pm) Murano :see you Joey
(12:48 pm) Qwert :bye joey enjoy
(12:48 pm) Qwert :gonna go as well, reading
flash boys very good read
(12:48 pm) Mitch King:see you guys tomorrow
(12:49 pm) Qwert :jcp
(12:49 pm) freitag8 :Bye every1
(12:49 pm) Qwert :sorry wrong window
(12:51 pm) Murano :done for the day, see you
tomorrow
|
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