[06:03 am] Ed : good morning all
[06:25 am] Ed : potential plays, important to
have convencing vol on breakout/breakdown
(GMCR 26.3long,short25.20) (LNKD 103.60long,
short 98.30) (WTW 58.20long, short 56.30)
(NFLX 67.20 short, long 68.80) (WLT 47.20
short, 50.07 long)
[06:27 am] Ed : advanced traders can play
based on setup b4 prices listed
[06:28 am] Mitch K: the US stock market
futures are down substantially this morning
and is starting to erase Monday’s gains. I
think the early bounces will be limited so my
suggestion is to look for smaller profits. i
think the shorts might perform better early.
Most of the ideas will be concentrated in the
first hour, as is the pattern
[06:28 am] Mitch K: Asia was down around 2.7%
last night, Europe is down today now too
[06:31 am] Mitch K: watching QIHU for bottom
to buy
[06:32 am] Mitch K: watching GES for top to
short
[06:32 am] Ed : watching SIG for potential
short
[06:33 am] Mitch K: watching IMPV for bottom
to buy; this one had big bounce MOnday, very
big
[06:33 am] Mitch K: monitoring SBNY drop
[06:33 am] Mitch K: watching RHT for bottom
to buy
[06:34 am] Mitch K: watching VLTR drop
[06:34 am] Mitch K: watching BIG for top to
short
[06:35 am] Mitch K: watching BMO for bottom
to buy
[06:36 am] Ed : consider covern som SOG if u
took short
[06:36 am] Mitch K: watching TSLA for bottom
to buy
[06:36 am] Mitch K: watching JNPR for bottom
to buy
[06:36 am] Mitch K: watching SHW for top to
short
[06:37 am] Mitch K: watching CVLT for bottom
to buy
[06:37 am] Mitch K: watching CRS for bottom
to buy
[06:37 am] Ed : sorry SOG =SIG
[06:37 am] Mitch K: watching JOY for bottom
to buy
[06:38 am] Mitch K: watching MTH for bottom
to buy
[06:39 am] Ed : monitor RHT for potential
long 52.59 and 52.14 be patient
[06:39 am] Mitch K: more downside on PETM for
short
[06:39 am] Mitch K: watching BWS for bottom;
take time, smaller position
[06:40 am] Mitch K: top of the bounce in
RAH
[06:40 am] Mitch K: missed RAH bounce but
monitoring for otp to short
[06:40 am] Mitch K: watchign DMND for bottom
to buy, missed top for short
[06:41 am] Mitch K: watching MOV for top to
short
[06:42 am] Mitch K: watching AVGO for top to
short soon
[06:42 am] Mitch K: watching CPA for bottom
to buy
[06:42 am] Ed : monitor NFLX if get bounce in
SPY needs high convincing vol for break over
68.8
[06:43 am] Mitch K: looking for $34 area or
lower to cover BIG short
[06:44 am] Mitch K: watching GES closely to
cover short soon, maybe 25.60 area, be
flexible
[06:44 am] Mitch K: watching GCO for bottom
to buy
[06:45 am] Mitch K: taking VLTR off screen;
need room
[06:45 am] Mitch K: soon
[06:45 am] Mitch K: another great one by IMPV
bounce; consider selling most here 27.10
area
[06:46 am] Mitch K: looking for short in ROP
soon
[06:47 am] Mitch K: you decide on covering
rest of it
[06:47 am] Mitch K: consider covering half of
SHW soon
[06:47 am] Mitch K: consider covering half of
BIG short soon
[06:48 am] Mitch K: consider selling half of
MTH
[06:48 am] Mitch K: consider selling CVLT
52.+ here
[06:49 am] Mitch K: watching AMLN for bottom
to buy
[06:49 am] Ed : out all SIG short
[06:49 am] Mitch K: CPA should bounce here
soon
[06:49 am] Ed : montioring AMLN for bottom to
buy be patient
[06:49 am] Mitch K: consider selling BWS;
taking off screen
[06:50 am] Mitch K: MOV toppy
[06:50 am] Mitch K: consider covering most of
RAH short
[06:51 am] Ed : if u took AMLN long would
reduce
[06:51 am] Mitch K: prob now
[06:51 am] Mitch K: consider selling QIHU
here 19.80, soon, real soon,
[06:52 am] Mitch K: little more downside with
GES
[06:53 am] Mitch K: consider covering ROP
here 98.40 area
[06:54 am] Mitch K: consider selling AMLN;
start monitoring for short on top of bounce,
soon
[06:55 am] Mitch K: consider selling IMPV;
start monitoring for short
[06:56 am] Mitch K: looking for 54+ on RHT;
be flexible though, not sure
[06:56 am] Mitch K: watching VAR for bottom;
more dfownside still
[06:57 am] Mitch K: looking for over 70 on
GCO bounce, maybe 71; be flexible
[06:58 am] Mitch K: give RHT a little more
time than most other longs
[06:59 am] Mitch K: consider selling any
remaining CVLT long;
[06:59 am] Mitch K: consider ROSG as short
[07:00 am] Mitch K: 2nd helping short in AVGO
soon
[07:01 am] Mitch K: be flexible
[07:01 am] Mitch K: should be out of DMND
long but if not, try go get 23.50 area; just
under
[07:01 am] Mitch K: watching ULTA for short;
take time
[07:02 am] Mitch K: MOV short not acting
well, consider closing, look for something
else
[07:02 am] Mitch K: you should be out of RAH
short
[07:02 am] Ed : getting pullback in SPY
[07:03 am] Mitch K: EXPE toppy for short,
first time i posted this
[07:04 am] Mitch K: watchign QIHU for short
on top of bounce; no hurry,
[07:05 am] Mitch K: and watch for top to
short on GCO
[07:05 am] Mitch K: consider selling GCO
[07:05 am] Mitch K: 2nd helping short on BIG
here
[07:05 am] Mitch K: you should be out of RHT
on spike above 54, consider selling if not,
try for over 54
[07:06 am] Mitch K: GES bouncing; little late
to buy but at least watch for short on top of
bounce if runs 26.40+ area
[07:07 am] Mitch K: not super excited about
VAR,
[07:12 am] Mitch K: AMLN turning over
[07:13 am] Mitch K: slim pickins now
[07:17 am] Ed : SPY new lod
[07:20 am] Mitch K: watching OCN for top,
going to be slow as mollasses drop, not
superb idea,
[07:21 am] Mitch K: watching TRIP for top to
short
[07:22 am] Mitch K: monitoring VNET, low
vol
[07:24 am] Ed : more selling in markets
[07:28 am] Mitch K: watching WPRT for top to
short
[07:31 am] Mitch K: watching LBTYA for bottom
to buy
[07:35 am] Ed : SPY trading at lows
[07:39 am] Mitch K: EXPE too strong to
short,
[07:39 am] Mitch K: low of day on indexes
now
[07:42 am] Mitch K: more downside drip on
AMLN if you are short
[07:53 am] Mitch K: watching for 19.20 area
on QIHU short
[07:53 am] Mitch K: consider covering RHT
[07:54 am] Mitch K: not sure if i posted but
watching to cover JBHT short
[07:55 am] Mitch K: consider covering WPRT
short
[08:07 am] Ed : SPY trading at horizontal
resistance
[08:18 am] Mitch K: consider covering TRIP
short
[08:27 am] Mitch K: DY bouncing, slow
bounce
[08:33 am] Mitch K: down 0.83%, thats almost
1%
[08:33 am] Mitch K: you guys watching the
EUro today?
[08:34 am] Mitch K: interesting
[08:34 am] Mitch K: the price of the Euro in
control of the people withdrawing money from
Greek banks,
[09:04 am] Ed : SPY new lod
[09:25 am] Ed : SPY trading at low
[09:30 am] Mitch K: 2 min ago
[09:30 am] Mitch K: just hit low of day on SP
500
[09:44 am] Ed : getting bounce in SPY
[10:22 am] Ed : nice pop in SPY
[10:30 am] Ed : nice break over horizontal
resistance in SPY
[10:30 am] Ed : more buying in market
[10:42 am] Mitch K: Ed is imagining he has
Asian girls as servants in some tropical
islands. he is in counseling for these
fantasies
[10:43 am] Mitch K: Ed, the best way to deal
with these problems is to face them
[10:47 am] Mitch K: commodities still
pointing down on daily chart, not even close
to buy signal
[11:06 am] Ed : SPY tryn to bounce off
trendline support
[11:21 am] Ed : just monitoring for now
CDE
[11:21 am] Ed : CDE reopend after halt so far
doozer
[11:27 am] Ed : passing on CDE
[11:43 am] Ed : getting some buying in SPY
[11:52 am] Ed : getting more buying in
markets
[12:04 pm] Ed : 5min chart of EXPE on left
[12:10 pm] Ed : more buying in markets
[12:30 pm] Ed : more buying in markets
[12:40 pm] Ed : SPY new hod
[12:44 pm] Mitch K: not enough time for this
but like the chart SQQQ now
[12:59 pm] Ed : have great evening
[01:01 pm] Mitch K: godo job on FST mikey
[01:01 pm] Mitch K: later guys and girls
|
[06:08 am] joeytsa : ALXN doji
[06:08 am] doji : FB has been active in the
pre-market as usual..
[06:09 am] doji : Touched 30 and has been
moving up since then….
[06:09 am] doji : pump and dump?
[06:12 am] shark : short squeeze 13m shares-
FB
[06:13 am] doji : Thanks Sharky….
[06:13 am] doji : and after that?
[06:13 am] shark : hmmm
[06:20 am] eyes : Good Morning Ed Mitch and
the gang
[06:20 am] joeytsa : also watching EVEP and
ADI
[06:23 am] eyes : How do I set Chart to show
me Premarket on TS
[06:23 am] doji : DELL holding on 52-week
low
[06:23 am] doji : 13.29
[06:23 am] doji : just below
[06:24 am] Ed : at top there is what looks
like a clock that will give u choice of pre,
regular
[06:24 am] eyes : thank you
[06:24 am] doji : Don’t get it Ed sorry
[06:25 am] victor51 : gm all
[06:25 am] Ed : it was for eyes on chart
setting
[06:25 am] scalpman : gm all
[06:25 am] doji : Ah ok, thanks ED
[06:25 am] Ed : no problem
[06:25 am] joeytsa : thanks Ed
[06:26 am] qwert : thx ed
[06:27 am] joeytsa : crude @ 91.28
[06:27 am] apple : gm E, thx for the
playlist
[06:28 am] skydiver : gm all – thnx Ed – and
PETM up due to after company reported
stronger than expected results — from rbc
capital
[06:28 am] Ed : thx sky
[06:28 am] skydiver : 🙂
[06:28 am] apple : gm MK
[06:28 am] skydiver : gm Mitch and apple
[06:29 am] Ed : no problem apple
[06:29 am] apple : gm sky
[06:29 am] khall : thanks Mitch and Ed
[06:30 am] doji : DELL tanking
[06:30 am] apple : thx doji and gm
[06:30 am] doji : gm Apple
[06:30 am] apple : thx for crude joey and
gm
[06:30 am] doji : DELL 13.29 52-week low
[06:31 am] apple : big drop on LNKD
[06:31 am] joeytsa : watching RHT for a
bottom
[06:32 am] skydiver : L FB 31.43 – out 1/2
31.78
[06:32 am] apple : good one sky
[06:32 am] apple : thx joey
[06:32 am] skydiver : oiut another 1/4 FB
L
[06:33 am] skydiver : moving sto up on FB
L
[06:33 am] skydiver : all out of FB L
[06:34 am] joeytsa : BIG
[06:34 am] doji : DELL S 13
[06:35 am] doji : Watching LEN
[06:36 am] scalpman : OUT 1/2 sig s
[06:36 am] scalpman : only 1/4
[06:37 am] joeytsa : vix @ 23.29
[06:38 am] doji : IMPV
[06:38 am] scalpman : OUt 3/5 SIG S
[06:40 am] mikewd2 -: out dell long 13.10
from 12.92
[06:40 am] doji : QIHU hoilding 19
area….
[06:41 am] doji : NFLX
[06:41 am] doji : 68.8
[06:41 am] doji : low volume although
[06:42 am] Ed : good eye doji have to have
the vol
[06:42 am] joeytsa : thx Ed, same with
LNKD..already had 1 nice move up
[06:43 am] khall : WLT
[06:44 am] mikewd2 -: watching SINA at this
pivot
[06:44 am] doji : out GES short 1/2
[06:44 am] apple : keep watching it mike
[06:45 am] joeytsa : thanks for IMPV
Mitch
[06:45 am] doji : SINA
[06:46 am] doji : NEws? Market spiked
[06:46 am] doji : NFLX
[06:47 am] scalpman : OUt 1/.2 avgo
[06:48 am] doji : More selling
[06:48 am] doji : SPY
[06:48 am] doji : DELL jsut keep giving
[06:48 am] doji : 2nd short
[06:48 am] shark : 🙂
[06:48 am] doji : FB dropping
[06:49 am] apple : good one on DELL doji
[06:49 am] doji : out DELL 1/2
[06:50 am] apple : nice drop AMLN
[06:50 am] shark : SPY lod
[06:51 am] doji : LEN moving
[06:51 am] scalpman : Out another 1/4 sIG
[06:51 am] scalpman : SUG S
[06:51 am] scalpman : SIG S
[06:52 am] doji : LEN double top
[06:52 am] shark : nice doji
[06:52 am] mikewd2 -: DELL L 12.80
[06:52 am] skydiver : LNKD climbing
[06:52 am] mikewd2 -: stop 12.73
[06:52 am] doji : LNKD
[06:53 am] doji : would repeat yesterday’s
run… LNKD?
[06:53 am] skydiver : good questioni doji
[06:54 am] scalpman : Stopped tight on AVGO
1/5.
[06:54 am] skydiver : I’m all out of LNKD
now –
[06:54 am] joeytsa : CSTR having a nice
run
[06:55 am] scalpman : Sorry that was
SIG…
[06:55 am] scalpman : All out SIG
[06:55 am] doji : DELL 3rd short
[06:55 am] skydiver : mice one on cstr
joey
[06:55 am] doji : leg
[06:55 am] Ed : nice scalp, joey
[06:55 am] doji : very weak against SPY
[06:55 am] scalpman : All out AVGO
[06:56 am] scalpman : Thanks ED
[06:56 am] joeytsa : New Home Sales coming
up
[06:56 am] doji : NEws on the market?
[06:56 am] joeytsa : EXPE on the move
[06:57 am] apple : thx joey
[06:57 am] shark : yeah
[07:00 am] scalpman : No Shorts on ROSG
[07:00 am] joeytsa : nice move on LULU
[07:00 am] mikewd2 -: new home sales as
expected 3.3% gain
[07:00 am] doji : MArch home sales rise
[07:00 am] skydiver : CRM came up nicely
🙂
[07:00 am] joeytsa : ES trying to break
higher
[07:00 am] doji : 3.3% in April
[07:01 am] apple : agree joey
[07:02 am] doji : IMPV a beauty
[07:02 am] doji : very scrong
[07:02 am] Ed : it tiz
[07:02 am] apple : good one
[07:05 am] doji : DELL still weak…
[07:07 am] skydiver : CRM consolidating
[07:07 am] joeytsa : CRM,AAPL,BIDU all have
the same chart
[07:08 am] joeytsa : pushed thru prev cl,
pullback to that area
[07:08 am] skydiver : thnx joey
[07:08 am] joeytsa : if market move higher,
focus on the ones that held support?
[07:09 am] skydiver : all out of CRM L
[07:09 am] shark : do we have some Europe
news today, joey?
[07:09 am] joeytsa : only news i saw was
that it was down
[07:09 am] shark : from leaders meeting on
Greece?
[07:10 am] joeytsa : papademus flip flopped
though
[07:11 am] joeytsa : germany 2yrbond yield
was 0 🙂
[07:11 am] shark : :O
[07:11 am] shark : SPY moving to retest
lod
[07:12 am] joeytsa : china: companies with
europe exposure saw heavy selling, commodidty
sector down due to fear of global economic
slowdown
[07:12 am] joeytsa : other than that
everythings great hahah
[07:12 am] shark : oh, cool. I was
worried
[07:12 am] shark : 😉
[07:13 am] joeytsa : slowdown in china will
also affect NZ,AUS
[07:13 am] doji : BIG holding
[07:13 am] skydiver : Yeah – and Germany
sold Bonds bascially at zero return – people
just want their money back later with no
interest – safety
[07:13 am] joeytsa : yeah doji, BIG was a
nice move
[07:13 am] joeytsa : so what does that tell
you sky?
[07:14 am] joeytsa : they shoudl just give
it to you so you can crush JOY and CRM
haha
[07:14 am] skydiver : sounds good joey 🙂
invest in sky !!! 🙂
[07:14 am] shark : they are buying Euros, so
they don’t end up with Drakmas
[07:14 am] joeytsa : 🙂
[07:15 am] joeytsa : EUR/USD set a 21 month
low overnight
[07:15 am] Ed : also China can now bypass
Wall Street when buying US govt. debt and go
directly to Treasury. 1st ever direct
relationship with foreign govt. Interesting
times
[07:15 am] skydiver : wow Ed – that is
news
[07:15 am] shark : wow
[07:15 am] joeytsa : not to mention buying
oil with the yuan
[07:16 am] shark : maybe cost the taxpayers
less in middleman fees
[07:16 am] Ed : sure is, this gives them alot
more leverage also
[07:16 am] skydiver : yes – times are
changing – when do we all start speaking
chineses?
[07:16 am] joeytsa : start learning…maybe
when things slow down Mitch can help us 🙂
[07:16 am] apple : my son is learning
mandarin
[07:17 am] shark :
现在我们开始讲中文
[07:17 am] skydiver : nice shark 🙂 lol!
[07:17 am] joeytsa : shark: is that a long
or a short 🙂
[07:17 am] Ed : I will take the easy way out
and find a chinese princess
[07:17 am] shark : I’m long china
[07:17 am] skydiver : nice apple — looks
like mandarin will come in handy for him
[07:18 am] shark : nice, Ed. good plan 😉
[07:18 am] qwert : GMCR rolling over
[07:18 am] skydiver : funny Ed! 🙂
[07:18 am] scalpman : GMCR S @ 26
[07:18 am] apple : good one shark
[07:18 am] Ed : will let u know when I
explain to my wife, “honest, she is a college
exchange student”
[07:19 am] apple : too funny E
[07:19 am] shark : hahaha
[07:19 am] apple : nice drop on LNKD
[07:19 am] joeytsa : ALXN dbl bottom..not
sure it will do anything though
[07:20 am] skydiver : EXPE – been scrong
against the market
[07:20 am] doji : Come to Rio Ed and I
assure you will learn Manadarin with a
Brazilian pricess
[07:20 am] doji : Oil at lod
[07:20 am] shark : :O wow
[07:21 am] shark : die, Oil, die
[07:21 am] Ed : im packing now
[07:21 am] shark : (I hope this doesn’t put
you out of business, doji)
[07:21 am] mikewd2 -: out 1/3 URBN S swing
[07:21 am] shark : PCLN be, where next?
[07:22 am] doji : Many princesess here
Sharky, no problem to share with frinds…
[07:22 am] joeytsa : back to 664?
[07:22 am] apple : E – doji is giving you
different offers every day…
[07:22 am] doji : for a small mark u of
sourse
[07:22 am] doji : Ed is hard to crack
[07:23 am] shark : what are you trading
Micth, 1 share?
[07:23 am] Ed : yes, everything has its
price
[07:23 am] joeytsa : shark: if PCLN loses
660, might get a quick move to 656
[07:23 am] shark : thx! agree
[07:24 am] shark : pet biz good – PETM up
9.6%
[07:24 am] joeytsa : VMW another stock to
keep on the radar each day…seems to make
50cent, $1 moves throughout
[07:24 am] mikewd2 -: all out of URBN short –
tired of messing with it
[07:24 am] joeytsa : hahah
[07:24 am] doji : LNKD would have been a
nice short below 103.6 Ed
[07:24 am] mikewd2 -: so should fall now –
haha
[07:25 am] apple : of course
[07:25 am] mikewd2 -: yeah doji: bounced
right off that pivot on LNKD
[07:25 am] Ed : exactly, when u dont get
strong vol for breakout advanced trader can
take short, flexibility
[07:26 am] joeytsa : LNKD lower high @
7:05pst
[07:26 am] doji : /ES approaching 1300
support
[07:26 am] doji : ouch broke it
[07:26 am] joeytsa : its beautiful doji
🙂
[07:27 am] shark : SPY testing 130.00
[07:27 am] scalpman : OUt 2/5 GMCR S
[07:27 am] scalpman : !%
[07:27 am] joeytsa : GS fighting at prev
low
[07:27 am] doji : LEN, why do I love you so
much?
[07:27 am] apple : a boy’s name
[07:27 am] joeytsa : no clue on that doji
[07:27 am] doji : LEN = LENNAR…. just in
case
[07:27 am] apple : lol
[07:27 am] apple : lol
[07:28 am] doji : apple, apple, apple
[07:28 am] apple : haha
[07:29 am] apple : fyi – 40 ideas first
hour
[07:30 am] shark : nice apple
[07:30 am] doji : TRIP
[07:30 am] doji : break out with V
[07:30 am] scalpman : no short on WPRT
[07:30 am] doji : Run Forest run…
[07:30 am] doji : sorry, run TRIP run
[07:31 am] mikewd2 -: gasoline down 309K
barrels
[07:31 am] mikewd2 -: sorry 3.3M
[07:31 am] mikewd2 -: crude up 883Kbbls
[07:31 am] doji : US oil reserves had hit 21
years high
[07:32 am] scalpman : OUt another 1/5 GMCR
S
[07:32 am] shark : die, USO, die
[07:32 am] doji : Another 1/16 out of
DELL
[07:32 am] doji : next will be 1/32
[07:32 am] shark : Euro falling here
[07:32 am] shark : dollar strenght, causing
oil price drop
[07:33 am] shark : euro meeting must not be
going well
[07:33 am] doji : Need the dollar to move
up… the exchange rate in Brazil has been
killing me
[07:33 am] shark : ugh! 🙁
[07:35 am] scalpman : out another 1/5 GMCR
S
[07:35 am] scalpman : will hold the last
piece at b.e.
[07:36 am] mikewd2 -: i was right URBN fell
after i sold – but i made nice profit. moving
on!!
[07:36 am] doji : ES sitting at 1300
[07:36 am] shark : which way will it
flinch?
[07:37 am] scalpman : good mike
[07:38 am] Ed : did he just recommend managed
futures rather than sitting in cash, talk
about conservative move
[07:38 am] shark : yeah, wow
[07:39 am] scalpman : ..down a little
more…
[07:39 am] shark : all out PCLN s +10
[07:39 am] shark : THX, JOEY!! 🙂
[07:40 am] scalpman : GMCR testing that .70
range…LBTYA still dropping
[07:40 am] skydiver : nice shark on PCLN —
🙂
[07:40 am] mikewd2 -: watching dell around
12.5
[07:40 am] scalpman : All out GMCR S
[07:41 am] shark : thx, sky
[07:41 am] doji : All out DELL… just in
case Mike buy 1MM shares
[07:41 am] shark : good job, doji
[07:41 am] eyes : Any Thought Shorting EXPE
Here
[07:42 am] shark : what signs of breakdown
are you looking for eyes?
[07:42 am] Ed : too strong agains market
[07:42 am] doji : agree Ed
[07:42 am] Ed : and it broke out on dalily
[07:42 am] doji : I’d look the other way…
long
[07:43 am] eyes : I was Watching the three
min but still looks strong
[07:43 am] shark : ok!
[07:43 am] doji : so if it looks strong why
do you want to short it Eyes?
[07:44 am] eyes : You are correct I was just
Verifing what i was think ing i answered my
own question
[07:45 am] skydiver : Piper Jafrey has
pushed it’s price target to $53 from $44 on
EXPE for whatever thats worth
[07:46 am] joeytsa : shark: nice one on
PCLN
[07:47 am] shark : 🙂 thx joey
[07:47 am] joeytsa : EXPE had a nice gap up
end of april
[07:48 am] doji : For the last 45 minutes
the SPY has been in a steady, orderly
downtrend
[07:48 am] joeytsa : been waiting for it to
push thru 43 with vol
[07:48 am] joeytsa : sure had doji
[07:48 am] doji : Merkel said no to
Eurobonds
[07:49 am] skydiver : Markel said no — what
a surprise 🙂
[07:49 am] doji : More troubles… I thought
the market were expecting Merkel to say
yesterday
[07:50 am] doji : NFLX scrong today
[07:50 am] joeytsa : ALXN still slow dribble
down, still trying to bottom
[07:51 am] doji : DELL holding 12.5
[07:55 am] mikewd2 -: DELL L 12.51, we will
see
[07:55 am] doji : Me too Mike
[07:56 am] joeytsa : looks like europe is
down 2.5%
[07:57 am] doji : Euromembers prepare
possible Greece exit plan
[07:57 am] eyes : Dell NO good stoped me out
2 times
[07:57 am] doji : My stop is a B/E here
[07:58 am] mikewd2 -: i put it 12.47 doji
[08:00 am] joeytsa : the play on DELL so far
has been to short it when it his res and
heads back down
[08:00 am] joeytsa : but even still..not a
lot of money in it
[08:00 am] doji : With 1MM shares every cent
counts Joey
[08:01 am] mikewd2 -: yep, so true doji
[08:01 am] joeytsa : 🙂
[08:01 am] joeytsa : at least DELL can
handle the vol you guys throw at it 🙂
[08:01 am] apple : lol
[08:02 am] skydiver : LNKD – down again
[08:02 am] joeytsa : GOOG multi bottom in
this area on the 1min
[08:03 am] joeytsa : on other timeframes
too
[08:03 am] joeytsa : if DELL can push above
the 15ma, you migth get something
[08:04 am] joeytsa : seems to have s/r at
each 10cent level
[08:04 am] skydiver : Well – got to run —
today mis-handled a couple of stocks – ended
up slightly positive – better days ahead
🙂
[08:04 am] mikewd2 -: yeah joey, i was going
to wait for that – but was thinking 12.50
seems to be holding up.
[08:05 am] joeytsa : seems like it mike, you
cant get too hurt with your stop
[08:05 am] joeytsa : be good sky
[08:05 am] skydiver : 🙂
[08:05 am] Ed : c ya sky
[08:05 am] joeytsa : but 12.80 seemed like a
strong level also
[08:05 am] apple : GOOG lod, moving up
[08:05 am] joeytsa : GOOG right off of
600
[08:06 am] joeytsa : loss of $600 gets it to
596?
[08:06 am] scalpman : SPY moving up
[08:07 am] apple : joey, what happened to
your breaktime?
[08:07 am] joeytsa : i took it at 7:30 🙂
[08:07 am] apple : early…
[08:08 am] joeytsa : yeah so i can have
lunch, meal #3 early
[08:08 am] apple : lol
[08:08 am] joeytsa : lightspeed webinar at
1:30, another thing at 11
[08:09 am] apple : what are they on? didn’t
sign up
[08:09 am] doji : Ed, for your analysis…
if you see the SPY, the move down has been
very ordely while the rebound has been very
quick and abrupt…. any thoughts?
[08:09 am] joeytsa : lightspeed.com finding
trading opportunities with madscan
[08:09 am] joeytsa : its free, even if you
dont use madscan, probably some helpful info
on scanning overal??
[08:10 am] Ed : some ways to play it, u can
get the longs but have to scalp quickly, the
better setup is allwoing stocks to rebound
wait for short signal
[08:11 am] joeytsa : agreed Ed
[08:11 am] joeytsa : whack-a-mole 🙂
[08:11 am] doji : My question is on the way
the drop is taking place vs. the
rebound…
[08:11 am] Ed : so shorting into resistance,
u draw ur trendlines, etc so hittin it on
short side at resistance
[08:12 am] doji : Ususally an orderly move
means “trend” right?
[08:12 am] Ed : yes, like slow march of
death
[08:12 am] doji : Thanks!
[08:13 am] apple : sounds good
[08:13 am] Ed : ur right downtrend, they are
harder to buy for many.
[08:13 am] joeytsa : i tend to wait until it
hits res and then starts back down
[08:13 am] mikewd2 -: out DELL 12.63
[08:13 am] joeytsa : nice mike
[08:14 am] Ed : also, nothing wrong with
siting the day out if its not providing ur
type of plays, this is for all kind of fyi
[08:14 am] doji : Closed DELL 1/2
[08:14 am] joeytsa : right Ed
[08:17 am] cdougan : Hey Ed. Out of
curiosity, how many positions do you handle
at the same time? In the am when there’s
plenty of good opps.
[08:17 am] mikewd2 -: be back at 2pm
[08:18 am] eyes : TTWO
[08:18 am] joeytsa : go squat mike 🙂
[08:18 am] mikewd2 -: cardio x today
[08:18 am] joeytsa : ahhh, nice
[08:19 am] Ed : i like 4, every now and again
will do 5 or 6, but max 4 most of the time
[08:20 am] joeytsa : thats good Ed
[08:20 am] joeytsa : i need to work on
that
[08:20 am] eyes : HEI
[08:20 am] cdougan : that’s impressive
[08:20 am] scalpman : Ed, what are some
factors that you stay in a trade longer even
if it rebounds near your entry…? Do you
just rely on the initial stop?
[08:22 am] shark : SODA
[08:22 am] lisas : gm all, bad day on wall
street I see
[08:22 am] joeytsa : shark: check out AAPL
daily
[08:22 am] shark : and great day for TSA
🙂
[08:23 am] shark : AAPL back over 10day
[08:23 am] joeytsa : AAPL hitting ma res,
you think it has a shot to test the 200ma
[08:23 am] Ed : really depends, but one thing
is that i dont have patience for stock that
becomes dull, many times I will get out of
trade completely and look 4 mover.
[08:23 am] shark : depends on europe
[08:23 am] shark : on its own, goes
sideways
[08:23 am] apple : hey lisa
[08:24 am] Ed : this is 1st thing in those 90
minutes, later in day work trade tad
differently, much more methodical
[08:24 am] lisas : hi apple
[08:24 am] joeytsa : thanks, chart just
looks like the SPY chart to me..next leg down
test 200ma
[08:25 am] joeytsa : thanks Ed
[08:25 am] shark : SPY much worse
[08:25 am] shark : below 10, 100 ma
[08:26 am] joeytsa : i have AAPL below
21,50ma?
[08:26 am] shark : some vol capitulation on
fri – SPY
[08:26 am] joeytsa : above the 8ma though
[08:26 am] shark : correct
[08:26 am] joeytsa : im waiting for it to
break down b4 a short play
[08:26 am] shark : AAPL held 100, retook
10day ma
[08:27 am] shark : definitely
[08:27 am] joeytsa : thanks, right now i
have the 8,21,50,200 up
[08:27 am] scalpman : Thanks Ed.
[08:27 am] shark : keep eye on LNKD, if
unable to take 50day bac
[08:27 am] Ed : did that anwser it for u
scalp, sometimes i can ramble
[08:27 am] joeytsa : shark: you mean on the
daily for LNKD?
[08:28 am] shark : 50 day, yes, daily
[08:28 am] joeytsa : thanks, just making
sure, thought you had the 50ma on intraday
charts also…i dont
[08:29 am] scalpman : Yes…how many minutes
might you stay before dumping out for a
non-mover? In general, 3-5 minutes?
[08:30 am] shark : might be consolidation,
scalp
[08:30 am] shark : not necessarily
[08:30 am] scalpman : Ed look at SDDA short
@ 31.96
[08:30 am] scalpman : ..small rebound but
probably lower
[08:31 am] shark : b.e. resistance SODA
[08:31 am] scalpman : Yes shark from
yesterday
[08:31 am] shark : yeah
[08:31 am] scalpman : ..and today
[08:31 am] Ed : in those 1st 90 minutes of
day like 3min max, cuz so many other opps
[08:31 am] scalpman : stochs are point
down
[08:32 am] shark : vol low
[08:32 am] scalpman : 1% on SODA is 31.65
[08:32 am] doji : SPY moving
[08:33 am] scalpman : shark would you stop
over 32 or at b.e.
[08:33 am] shark : my stop would be at your
entry price
[08:33 am] Ed : overall nice potential setup,
lower high however coming into alot of
support
[08:34 am] shark : not enough vol, fast
enough move on this one for me
[08:34 am] scalpman : kind of stuck at
31.83
[08:35 am] scalpman : …there it
dropped…so I will be patient.
[08:35 am] shark : 🙂
[08:35 am] joeytsa : yeah Mitch, money has
been pouring out of the banks
[08:35 am] doji : SPY big red cnadles now
[08:35 am] shark : probably moving in tandem
with market
[08:35 am] Ed : may get some help from drop
in SPY
[08:36 am] scalpman : stoch at 29
[08:36 am] joeytsa : nice scalp, my stop
would have been 32.08 on that trade
[08:36 am] shark : housing at 3.8% 30 year
-INSANE
[08:36 am] scalpman : Thanks Joey, I see
it.
[08:36 am] joeytsa : insane as in low ?
🙂
[08:36 am] shark : virtually 0% if primary
home with tax deducts, inflation
[08:36 am] scalpman : I’m at 32.99
[08:37 am] scalpman : Out 1/2 SODA
[08:37 am] shark : tell me last time you
could rent a property AND pay off loan in 15
years???
[08:37 am] doji : NFLX nice round top
today
[08:37 am] shark : NEVER in my life!
[08:37 am] scalpman : got a piece at .49
[08:38 am] scalpman : Now…stop 31.94 just
in the green
[08:38 am] joeytsa : buyers market shark
[08:39 am] shark : getting tough. I have
friends bidding with 10+ others
[08:39 am] shark : on nice entry level home
foreclosures
[08:39 am] joeytsa : going to be interesting
when rates go up and they open up the shadow
inventory
[08:39 am] shark : 2 homes bought 30 days
ago in Vegas, 9% higher this mo.
[08:40 am] scalpman : SPY retracing
[08:40 am] joeytsa : vegas is loaded with
homes
[08:40 am] scalpman : ..but weak
[08:40 am] shark : tell that to my friends
out there. haha
[08:40 am] scalpman : Looking for 31.10 for
SODA
[08:40 am] shark : nice scalp!!!
[08:41 am] joeytsa : haha, i still dont feel
housing hit a bottom for some reason
[08:41 am] scalpman : Thanks for your
call.
[08:41 am] joeytsa : nice trade scalp
[08:41 am] shark : can’t go wrong if you can
cash flow for 15 years instead of 30
[08:41 am] joeytsa : no kidding
[08:41 am] shark : trade what you see, not
what you feel
[08:42 am] shark : 3 1/2% DOWN on a
primary
[08:42 am] shark : can do that every 3
years, too
[08:43 am] scalpman : Was Short also GMCR @
25.68
[08:43 am] scalpman : Played that break down
at .70
[08:44 am] Ed : nice trading scalp
[08:44 am] joeytsa : beautiful trade
[08:44 am] scalpman : OUt 1/2 GMCR S
[08:44 am] apple : way to go scalp
[08:45 am] scalpman : All out SODA
[08:45 am] joeytsa : if GMCR can lose 25.40,
you will be golden 🙂
[08:45 am] Ed : like a goose
[08:45 am] scalpman : Now there’s there
question…SODA rebounds to 31.94 but a topp
at 32.07 keeps one in the position…or do
you take a small profit…
[08:46 am] scalpman : stop
[08:46 am] joeytsa : its trying to hold, but
if not, another 40-60cents down
[08:46 am] shark : take small profit!!!
[08:46 am] shark : vol anemic -SODA
[08:46 am] doji : GMCR
[08:46 am] apple : agree
[08:46 am] shark : unless you trading 1
share
[08:46 am] doji : needs volume and the push
down from the SPY
[08:46 am] apple : lol
[08:47 am] Ed : hey i heard that
[08:47 am] scalpman : Thanks shark…
[08:47 am] joeytsa : hah
[08:47 am] shark : :O
[08:47 am] joeytsa : AAPL testing lod
[08:47 am] scalpman : I leave so much money
on the table…I am trying to get a handle on
that
[08:48 am] shark : i did that last 2 weeks,
scalp
[08:48 am] joeytsa : unless you can pick
tops/bottoms..always money left
[08:48 am] shark : consider sell 1/4 at a
time
[08:49 am] shark : good point, joey
[08:49 am] Ed : Livermore talk about how he
never caught top/bottom but caught pieces of
move and stilll made a forttune
[08:49 am] joeytsa : amen
[08:49 am] shark : 🙂
[08:50 am] shark : GMCR -1min chart -looks
like a Circus Tent
[08:50 am] scalpman : Yes..good point Ed.
[08:50 am] doji : Its a M
[08:50 am] doji : type
[08:51 am] apple : that’s right E
[08:51 am] scalpman : Grab the 1/3 in the
middle of a move…
[08:51 am] doji : Keep watching LEN for
possible long if it hits 27.30 again
[08:52 am] Ed : and he only amassed like 100
million in 1920’s
[08:52 am] joeytsa : not too bad 🙂
[08:52 am] Ed : not to shabby
[08:52 am] joeytsa : i would be kind of
happy with that in this decade 🙂
[08:52 am] apple : and then what
happened…
[08:52 am] shark : what did he start
with?
[08:52 am] apple : me too, joey
[08:52 am] apple : nothing
[08:53 am] apple : he was a kid
[08:53 am] Ed : he started out as kid very
little money
[08:54 am] shark : FB testing lod area
[08:55 am] scalpman : Whatever happened to
MCP…
[08:55 am] shark : chinese flooded market
with rare earth minerals, scalp
[08:56 am] Ed : loss the luster
[08:56 am] shark : they WERE going to cut
back
[08:56 am] scalpman : That used to be my
favorite to watch.
[08:56 am] shark : following commodities
down, too
[08:56 am] scalpman : ..ah the good ol’
days!
[08:56 am] shark : UVXY nice today
[08:57 am] scalpman : Does anyone have a
strategy to find those trenders up for the
day…that make 2 or 3 points…
[08:57 am] joeytsa : scalp: do you mean b4
they happen?
[08:58 am] joeytsa : i have a scan set for
stocks ” change from open”
[08:58 am] shark : that trend?
[08:58 am] shark : you need a formula that
monitors stocks up 2-3pts, that stayed above
a 20min ma, or so
[08:59 am] scalpman : Well, sometime when a
stock has bottomed, and takes a while to
rebound, ithe 5 ema crosses the 15 ema and
then it can just head up slowly for an 2
hours or more.
[08:59 am] joeytsa : no it just shows the
ones that have moved the most since the
open
[08:59 am] shark : yeah,, joey
[08:59 am] shark : need one that takes into
account the moving average
[08:59 am] joeytsa : i think madscan and
trade ideas have scans for stoch, ma
crossovers
[09:00 am] scalpman : thanks, I’ll check it
out!
[09:00 am] joeytsa : not sure its exactly
what you are looking for though
[09:00 am] scalpman : GMCR new lowes
[09:00 am] scalpman : new lows
[09:01 am] shark : GOOG breaking 600 and
be
[09:01 am] scalpman : I’m Dan Quayle
[09:01 am] shark : :O
[09:03 am] scalpman : Out another 1/4 GMCR
S
[09:03 am] shark : 😉
[09:03 am] doji : FB 1% rebound from support
area at 31.5…
[09:03 am] scalpman : DIE GMCR as someone
used to say!
[09:03 am] shark : lol
[09:03 am] doji : SPY tanking
[09:04 am] scalpman : yes it is…
[09:05 am] doji : Euro at lowest level since
July 2010
[09:06 am] scalpman : Out 1/10 on GMCR S
[09:06 am] shark : 1/10? wow
[09:06 am] scalpman : And out all
GMCR…
[09:06 am] joeytsa : not thats
micro-managing
[09:06 am] shark : guess it takes a while to
sell a million shares, huh?
[09:07 am] ogking : IPO Stands for “Its
probably overpriced”
[09:07 am] lisas : funny oking
[09:07 am] shark : haha
[09:07 am] Ed : nice og
[09:08 am] joeytsa : haha
[09:08 am] ogking : Just showed up on Market
Watch
[09:09 am] shark : FB -nice pop
[09:09 am] doji : Yes, it popped after the
definition of IPO
[09:10 am] scalpman : Time to go…today was
good…I had a couple of mis-fires earlier
this week. I think I neglected to communicate
in the room; and in a way…doing so today
was a positive influence.
[09:10 am] scalpman : See you all and
looking forward to tomorrow.
[09:10 am] joeytsa : havea good one
scalp
[09:10 am] shark : good job scalp
[09:10 am] scalpman : Thanks for your ideas
Mitch, Ed, and Shark today…
[09:10 am] cdougan : nice job scalp.
later
[09:11 am] Ed : c ya scalp
[09:11 am] lisas : bye scalp
[09:12 am] scalpman : I saw GMCR early on
the Hot Picks..and followed it much today for
two good trades long and short. I’d like to
share more ideas, but I am not always
confident.
[09:12 am] shark : confident trades are
awesome!
[09:12 am] shark : better than quantity
[09:12 am] scalpman : Bye dougan lisas,
Shark, and Ed
[09:13 am] scalpman : Scalpman has left the
building!
[09:13 am] apple : have a good day scalp
[09:13 am] ogking : c ya scalp
[09:26 am] gub : dy
[09:26 am] gub : making me $ today!
[09:27 am] shark : nice gub 🙂
[09:29 am] shark : SPY testing 130.00
[09:29 am] apple : good job gub
[09:31 am] apple : thx MK
[09:34 am] doji : Nice Gub, the break below
21.28 was a nice short signal…. the SPY for
sure helped… next time please post your
ideas
[09:34 am] apple : BIG did well today
[09:35 am] shark : FB trading in a nice
range –
[09:35 am] shark : rolling hills
[09:37 am] doji : Senate to review Fakebook
IPO
[09:37 am] shark : watching CSTR
[09:37 am] shark : for top to short
[09:38 am] apple : good one shark
[09:41 am] lisas : oh oh, better take my
long profits on CSTR!
[09:45 am] shark : bounce in Euro too
[09:45 am] shark : spy
[09:45 am] gub : doji – re: DY – break below
21.28 short signal? – How do you know?
[09:46 am] eyes : SINA
[09:46 am] gub : cstr
[09:50 am] qwert : ROSG
[09:50 am] doji : Look at the daily chart on
2/29 and let me know what you see Gub
[09:50 am] doji : DY
[09:52 am] gub : mo
[09:55 am] apple : nice drop on CSTR
[09:57 am] jsn13 : doji, did u go long on
DY?
[09:57 am] gub : yes I see that the support
was 21.28???
[09:58 am] joeytsa : so france wants
eurobonds but germany doesnt
[09:58 am] gub : Why do you go back to
Feb?
[09:58 am] eyes : +18 for the day if i keep
at this pace i might cover my room fees for
the month see you all tomorow
[09:58 am] joeytsa : last time
germany/france had a dispute things didnt go
so well 🙂
[09:58 am] Ed : c ya eyes
[09:59 am] qwert : bye eyes
[09:59 am] lisas : bye eyes
[09:59 am] lisas : funny joey
[09:59 am] gub : doji – Why do you go back
to Feb?
[10:00 am] apple : bye eyes
[10:00 am] joeytsa : Ed: yesterday’s SPY
daily candle looking more and more
interesting
[10:01 am] ogking : See ya Eyes
[10:01 am] gub : What is the number of mos
one goes back to determine support?
[10:02 am] joeytsa : you can go back a long
time in reality
[10:02 am] Ed : true
[10:02 am] victor51 : I could not get CSTR
short on TS
[10:02 am] joeytsa : ive seen support levels
from 10 yrs back still hold
[10:04 am] gub : Thanks!
[10:04 am] joeytsa : to me it depends on
your trade timeframe
[10:04 am] apple : right joey, what was
support becomes resistance and vice versa
[10:05 am] joseph : uso at lod
[10:14 am] joeytsa : crude still trading
below $90
[10:18 am] qwert : Watching SA
[10:19 am] shark : watching KORS
[10:36 am] qwert : test
[10:36 am] Ed : i see ya qwert
[10:36 am] eddy : we read u qwert
[10:36 am] qwert : thx getting sleepy
zzzzzzzzzzzzzz
[10:36 am] doji : Back… agggghh miseed the
move up in the market
[10:37 am] shark : did you get out of
Slumberparty doji -SLB?
[10:38 am] apple : haha shark, funny…
[10:39 am] shark : swing trade, like
overnight for doji, haha
[10:39 am] shark : Ed, time to put on the
loud trumpet sound!
[10:40 am] shark : 🙂
[10:40 am] apple : even better
[10:40 am] shark : Eds been taken over by
the chinese
[10:41 am] apple : lol
[10:41 am] Ed : lol
[10:42 am] apple : 3rd time is a charm…
[10:42 am] lisas : Ed’s having fun
[10:42 am] lisas : or Mitch
[10:42 am] Ed : lol
[10:42 am] apple : haha
[10:42 am] lisas : Yeah, his wife is
counseling him with a frying pan
[10:43 am] Ed : lol
[10:43 am] pirate : rofl
[10:43 am] Ed : Im tryn
[10:44 am] apple : free advice from MK
[10:44 am] Mitch K: that wasnt free to me
apple, it cost me a lot to learn that
[10:44 am] lisas : funny Mitch
[10:44 am] joeytsa : 🙂
[10:44 am] apple : lol, i am sure!!!! you
paid dearly for that…
[10:45 am] Ed : 🙂
[10:45 am] apple : hey, E, how about another
lesson today?
[10:46 am] joeytsa : or sing us a song 🙂
[10:46 am] shark : 🙂
[10:46 am] lisas : boys and their toys
[10:46 am] apple : move over joey, he’s
good
[10:46 am] shark : nice instrumental,
joey
[10:47 am] joeytsa : Crude just touched over
90
[10:47 am] shark : yeah, I still don’t think
$3500 for a gold chain is reaonsable
[10:48 am] Ed : have to be in right mindset
apple
[10:48 am] Ed : cant get my mind off of China
yet
[10:49 am] apple : ok. see now MK has you
thinking chinese…
[10:49 am] Ed : CDE halted news pending
[10:50 am] Ed : yes all ur fault apple
[10:50 am] doji : SLB moving up
[10:51 am] joeytsa : owner of Hon Hai who
makes iphones/ipads said europe economy is
pretty much toast, same with US…
[10:52 am] joeytsa : said next 2 years will
be ugly
[10:52 am] shark : PCLN at pivot, hod
retest
[10:54 am] joeytsa : SPY daily forming a
hammer at the moment
[10:55 am] Ed : ROSG up another 45% today
[10:56 am] joeytsa : yeah, they are on
fire
[10:57 am] apple : my jaw just dropped…
[10:57 am] Ed : someone took a horible ride
down
[10:58 am] apple : nice uptrend on AMZN
today
[10:59 am] joeytsa : yeah apple
[10:59 am] Ed : now u tell me apple
[10:59 am] doji : Aggg missed move in
LEN….
[11:00 am] joeytsa : bounced right off of
support around 9am pst
[11:00 am] joeytsa : you really like that
one huh doji
[11:00 am] apple : after it hit a lod
earlier nice easy V
[11:01 am] apple : doji, are you busy
working again?
[11:01 am] doji : Yep…. multitasking as
usual
[11:01 am] joeytsa : nice 10pt move on ES
from lows
[11:02 am] joeytsa : last run might have
been due to spain announcing a bailout for
one of their banks
[11:03 am] doji : Need more money to baill
other the other 99
[11:03 am] joeytsa : no kidding
[11:04 am] joeytsa : eventually the money
runs out or the can gets to the end of the
road
[11:09 am] eddy : are yo guys in any
trades?
[11:10 am] joeytsa : not me eddy, looking
though
[11:10 am] Ed : no just scanning
[11:10 am] apple : are you, eddy?
[11:11 am] Ed : thought eddy was quiet
today
[11:11 am] joeytsa : missed that real nice
NFLX higher low
[11:12 am] joeytsa : on the 5min
[11:12 am] eddy : im here
[11:12 am] apple : double bottom
[11:12 am] apple : are you in a trade?
[11:13 am] eddy : no im not
[11:13 am] eddy : scanning too
[11:13 am] apple : good, find us a good
one!
[11:13 am] eddy : 🙂
[11:13 am] eddy : i was about to say
hopefully..but then id rather say will do
[11:14 am] apple : 😉
[11:14 am] ogking : spy testing 130.68
[11:15 am] joeytsa : some high-freq trading
info : normal data speeds from chi-ny is
22ms….
[11:16 am] joeytsa : these hft’s are
spending $50K/month to get lines that make
the data transfer in 16ms
[11:18 am] joeytsa : ES into 1300
[11:23 am] eddy : ed why wudnt u short cde
here
[11:23 am] eddy : it is tempting
[11:23 am] Ed : too much risk for me shorting
here
[11:24 am] Ed : u would be shorting into
potential layers of support
[11:24 am] eddy : 16 45 is a support
right?
[11:25 am] eddy : that discourages u?
[11:25 am] Ed : 16.82 16.69 16.66 16.63
[11:25 am] qwert : bye everybody leaving
early today daughter has an award assembly at
school see ya all in the am
[11:25 am] Ed : and vwap at 16.58
[11:26 am] joeytsa : bye qwert
[11:26 am] Ed : c ya qwert
[11:26 am] eddy : byr qwert
[11:26 am] Ed : so it could bounce off any of
those levels
[11:26 am] eddy : we take it long then
[11:27 am] Ed : I wanted more selling in
stock, si Im passing on this one
[11:27 am] eddy : ok not touching it
[11:27 am] eddy : too risky nd bunjee
jumping …io no like
[11:28 am] Ed : great no trade decision
[11:30 am] eddy : just came across the
weirdest chart ever 🙂 NOK
[11:30 am] joeytsa : just watching
BIDU..keeps making lower highs
[11:30 am] eddy : withh 45 million shares
being traded
[11:31 am] joeytsa : NOK used to be a stock
that moved
[11:32 am] eddy : you see this joey
[11:32 am] eddy : consitently going up nd
down 1 cent
[11:34 am] apple : they also had a corner in
the market years ago…
[11:34 am] cdougan : That’s all for me.
Thanks for the calls and have a great day
everyone.
[11:34 am] Ed : c ya cdougan
[11:34 am] eddy : bye cdoug
[11:34 am] victor51 : Thanks for LEN short.
Joey or someone else? Nice pocket money for
lunch
[11:34 am] apple : bye cd have a good
evening
[11:35 am] apple : victor – that was doji’s
pick of the day
[11:36 am] victor51 : Thanks Doji for LEN
[11:36 am] joeytsa : yeah that wasnt me
🙂
[11:38 am] apple : that’s doji’s friend..
[11:40 am] joeytsa : AEM just broku thru
some res
[11:41 am] victor51 : EXPE ready for
short?
[11:41 am] joeytsa : not sure its anything,
just saw it
[11:41 am] doji : Just send the profits to
my account in Cayman islands Victor
[11:41 am] eddy : joey tell me something
…the candle stick in streetsmart edge do
they look like the ones we see here?
[11:41 am] doji : How was your trade with
DELL Apple?
[11:41 am] victor51 : Doji, You got it
$27,98
[11:42 am] joeytsa : not sure i understand
eddy?
[11:42 am] Ed : I would pass on EXPE short
[11:42 am] eddy : u use street smart edge
right joey?
[11:42 am] joeytsa : SSE displays a bit
different than esig
[11:43 am] doji : NFLX
[11:43 am] eddy : ok
[11:43 am] eddy : was just checking
[11:43 am] joeytsa : but green candle will
be the same
[11:43 am] eddy : i thought i needed to
change something in setup
[11:43 am] joeytsa : i like esig better
though
[11:43 am] doji : SPY moving
[11:44 am] joeytsa : eddy: at the bottom of
sse charts you can click and drag to change
the view
[11:45 am] joeytsa : i dont really rely on
sse though..mainly keep one page up with
tick,vix,spy..other pages just set up for
stocks on different timeframes
[11:46 am] eddy : all i have at the bottom
are max 5d 2d etc and on the right the
calenders
[11:47 am] joeytsa : do you have anything at
the bottom that says quick jumps or date
range?
[11:48 am] eddy : i have go and a box that
reads 121 the dates from to
[11:48 am] eddy : the=then
[11:49 am] joeytsa : underneat, there isnt
like a grey bar with possibly a white divider
line?
[11:49 am] joeytsa : should be arrows under
the calendar that you can click drag
[11:49 am] eddy : nope
[11:50 am] joeytsa : hmm, are you on a daily
chart or intraday?
[11:50 am] eddy : 1 minute chart
[11:51 am] joeytsa : even on the 1min, put
your cursor under the calender and without
clicking, just slide it back and forth
slowly…
[11:52 am] joeytsa : see if the arrow
changes into a different symbol
[11:52 am] doji : SPY moving
[11:52 am] victor51 : Joey, you were right
on EXPE . Donated $11.00
[11:53 am] eddy : did it nothing happens
[11:53 am] Ed : did u short it victor,
expe?
[11:53 am] joeytsa : no clue eddy…i can
click/drag to change the amount of bars
showing
[11:54 am] doji : Wowo NFLX… Ed, did you
trade NFLX today? It has been very strong
[11:54 am] eddy : it is ok thx joey
[11:54 am] Ed : yes
[11:54 am] mikewd2 -: nice runup in SLW from
lod
[11:54 am] doji : at 68.8?
[11:55 am] Ed : no, did not like vol. it was
weak, wait for strong vol which came later at
3rd attempt 68.8
[11:55 am] victor51 : Ed yes I did short
@45.58, 100 shares and out after $11 loss.
Any insight?
[11:56 am] doji : It used 68.8 as support in
the afternoon
[11:56 am] joeytsa : eddy: its still weird
though, i have that ability on evry chart
loaded on sse…and i dont htink it had
anything to do with the original chart
setup
[11:56 am] Ed : u must not have seen my
comment, I mentioned to pass on EXPE short
[11:56 am] joeytsa : he gave me credit 🙂
[11:56 am] eddy : short slw at 26.07
[11:57 am] Ed : due to breakout on daily, has
been strong all day against down markt. Once
we got bounce it help to lift this stock back
up also
[11:57 am] apple : gotta go. thanks MK, E
and everyone. all have a wonderful evening.
see you tomorrow.
[11:57 am] joeytsa : bye apple
[11:58 am] Ed : c ya apple
[11:58 am] lisas : bye apple
[11:58 am] doji : It moved 7% today…
[11:58 am] eddy : bye apple
[11:58 am] shark : bye apple
[11:58 am] Ed : petm,nflx, and expe were
holdin up well as market sold off
[11:59 am] ogking : cy apple
[11:59 am] shark : CMG too, Ed
[11:59 am] victor51 : I missed it. Thanks. I
was there for some change. You were right
it’s too strong
[11:59 am] eddy : hmmmm abt to be stopped
out on slw
[11:59 am] Ed : yes, sure there were others.
thx shark
[11:59 am] shark : I got your back 😉
[11:59 am] eddy : and i just did…bravo
eddy…silly trade
[12:00 pm] dmitry : Ed, whats your main time
frame that you follow?
[12:00 pm] doji : SPY is acting strong on
this rebound….
[12:00 pm] doji : Enough time to reverse all
the loses?
[12:01 pm] Ed : during trading day 1min, the
time frame I trade on, but when setup catches
my eye, will look pull up daily also
[12:01 pm] shark : interesting, tepid
rebound in Euro vs USD
[12:01 pm] joeytsa : plenty of time if it
chooses to doji
[12:01 pm] dmitry : ok
[12:02 pm] eddy : BAC moving
[12:02 pm] Ed : and if I get a trending stock
will glance at 5min chart to help identify
change of trend
[12:04 pm] eddy : so now it shows trend is
up
[12:04 pm] eddy : so not shortable opp right
ed?
[12:04 pm] shark : testing hod,
[12:04 pm] Ed : as u get use to reading
charts u will be able to see trendlines, etc
by eyeballing the chart
[12:04 pm] skydiver : Thanks Ed – I just
jumped on for a bit and reading — good stuff
:0
[12:04 pm] skydiver : 🙂
[12:05 pm] lisas : Also, it only pulled back
to the 38% fib retracement. Even with strong
down day like today, good chance it will test
or make new high at end of day
[12:05 pm] joeytsa : very nice lisa !!!
[12:06 pm] Ed : great point eddy, great to
trade with trend, some traders have and get
to the point they can trade against trend and
make money, but I would say stay with what
makes sense until u cross that bridge and are
more consistent in ur trading
[12:06 pm] skydiver : selling off my JOY L
from this morning — do not recommend anyone
to do this format — but nice one to make my
day nicer:)
[12:07 pm] Ed : nice trading sky
[12:07 pm] joeytsa : not sure if this
happens as much, but back in the day, stocks
that trended in one direction early, would
stall or reverse midday, then resume early
trend last part of the day
[12:08 pm] joeytsa : just something i try to
keep in mind
[12:08 pm] skydiver : thnx joey – learning
—
[12:08 pm] lisas : look at the PETM chart. I
missed good trades this am, but picked up a
little by playing trend continuation with
CTSR, PETM,
[12:08 pm] joeytsa : doenst always happen,
sometimes you get the opposite
[12:09 pm] skydiver : there are two sides
the coin? today I was fortunate —
[12:09 pm] skydiver : probably too much
gambling — will be more careful in future
[12:09 pm] Ed : they still do joey great
point, sometimes big trender out gates will
run out of steam close to new york lunch
time
[12:09 pm] Ed : and then resume
[12:09 pm] mikewd2 -: WFT hod
[12:10 pm] mikewd2 -: all the oils doing
nicely
[12:11 pm] mikewd2 -: anyone know if there is
a reverse to UVXY (ie short vix).
[12:12 pm] shark : you can short it, mike
[12:12 pm] mikewd2 -: not UVXY – at least i
didnt’ think you could
[12:12 pm] mikewd2 -: maybe that was VXX
[12:12 pm] victor51 : Thanks Ed and Lisa. It
makes lot of sense on trending stock
[12:12 pm] mikewd2 -: i’ll check
[12:12 pm] skydiver : nice lisas — on CTSR
and PETM
[12:13 pm] joeytsa : TVIX is a 2x etn, might
be able to short that? not sure
[12:14 pm] mikewd2 -: you can short VXX, not
UVCY
[12:14 pm] mikewd2 -: UVXY
[12:15 pm] mikewd2 -: dell moving up
[12:16 pm] Ed : forgot to add SBUX to that
morning list
[12:16 pm] mikewd2 -: now you tell us –
[12:17 pm] Ed : was thinkn about china
[12:17 pm] joeytsa : hah
[12:17 pm] skydiver : LNKD – topping out?
[12:17 pm] eddy : lol ed
[12:17 pm] Ed : oh yea then rio
[12:18 pm] doji : Nooo, first Rio and then
China
[12:18 pm] Ed : ur right doji
[12:18 pm] skydiver : okay Ed – focus focus
focus
[12:18 pm] skydiver : on stocks
[12:18 pm] Ed : great point sky
[12:18 pm] skydiver : 🙂
[12:19 pm] victor51 : Lisa, When you get
free moment, could you explain how to use
Fabinocchi three levels. on EXPE
[12:19 pm] eddy : getting ready to short
lnkd
[12:20 pm] mikewd2 -: between two pivots, not
a good place in my opinion eddy
[12:20 pm] mikewd2 -: plus the market is in a
bit of a rally
[12:20 pm] skydiver : I agree with Mike
eddy
[12:20 pm] eddy : good i posted it so u stop
me if im wrong …i was a bit unconfortable
without a resistance ppoint
[12:21 pm] eddy : idea cancalled
[12:21 pm] lisas : Victor, what platform are
you on? ie Tradestation etc?
[12:21 pm] skydiver : I jumped out of JOY
too quick – should have kept that last 1/4
piece in — at office with lots of
distractions
[12:22 pm] mikewd2 -: selling daytrade shares
of FST at 8.40, in 8.12 this morning.
[12:22 pm] doji : At this rate the SPY will
end on the positive like yesterday…
[12:22 pm] skydiver : nice mike
[12:22 pm] mikewd2 -: you buy any oils doji
today?
[12:22 pm] joeytsa : yeah doji, looks like a
hammer on the SPY daily still
[12:22 pm] eddy : sky wat was yr entry on
joy
[12:22 pm] doji : No Joey…
[12:23 pm] doji : Did you add to your swing
positions Mike?
[12:23 pm] mikewd2 -: yes, on FST.
[12:23 pm] victor51 : Lisa, I love my TS
platform
[12:23 pm] mikewd2 -: bought CJES just for
daytrade.
[12:23 pm] mikewd2 -: but got out way too
early
[12:24 pm] doji : Oil stocks held this
morning while crude oil was dipping but if it
continues falling, oil stocks will take a
hard hit….
[12:25 pm] lisas : Victor, go to drawing
tools, fibonacci tools, price retracement
lines, then drag to a high and click, then
low and click.
[12:26 pm] mikewd2 -: moving stop on DELL to
b/e
[12:26 pm] doji : I know that some big
project will be put on hold with crude oil
below 90 and some will be cancelled ot it
drops below 80…
[12:26 pm] doji : projects
[12:26 pm] lisas : ie, on CSTR draw from the
open to the high at about 10:09 est, that’s a
major fib
[12:26 pm] mikewd2 -: mostly the gulf is what
i heard below 90
[12:26 pm] mikewd2 -: there is 282 rigs in
eagleford shale and no slow down there so
far.
[12:27 pm] joeytsa : global slowdown will
hurt oil
[12:27 pm] mikewd2 -: that is true
[12:27 pm] mikewd2 -: but Obama said …
—– haha
[12:27 pm] doji : Eagleford is just a small
piece Mike…
[12:27 pm] mikewd2 -: well its big for
CJES
[12:27 pm] doji : not even the top of the
iceberg
[12:27 pm] mikewd2 -: your right on the
others.
[12:28 pm] doji : Not even his grandma know
CJES
[12:28 pm] joeytsa : haha
[12:29 pm] doji : I am talking the big
ones… the ones that matter
[12:29 pm] mikewd2 -: CJES higher high each
of the last 5 days.
[12:29 pm] mikewd2 -: i understand
[12:29 pm] doji : Shell, CVX, XOM, BP,
etc
[12:30 pm] doji : CJES is high because
people buy those stocks on the believe they
are cheap…
[12:30 pm] mikewd2 -: its not high, it is
cheap
[12:30 pm] joeytsa : as long as its not
cheap for a reason
[12:31 pm] mikewd2 -: ignorant people don’t
understand frac’ing is the issue
[12:31 pm] doji : I have been checking the
time and sales and on SLB most of the orders
are not bigger than 1000 shares
[12:31 pm] doji : Does it say something?
[12:31 pm] doji : Who is buying?
[12:31 pm] mikewd2 -: yeah, institutions are
holding
[12:32 pm] mikewd2 -: although guess it would
be better if they were buying – lol
[12:32 pm] victor51 : Lisa, How do0 you
bring in FB to chart. I could not find as
indicator
[12:32 pm] mikewd2 -: nasdaq positive for
day
[12:33 pm] joeytsa : yeah mike, nice rally
from bottom
[12:33 pm] victor51 : Lisa, I found it.
Ignore earlier note
[12:33 pm] mikewd2 -: TNA 2pt jump in an
hour
[12:33 pm] joeytsa : i gues thats how you
“short the vix” 🙂
[12:35 pm] joeytsa : LNKD still moving
[12:35 pm] victor51 : Lisa I selected
retracement lines. 23/28/50/61. what does it
mean?
[12:36 pm] doji : What news moved the market
in the afternoon?
[12:36 pm] joeytsa : i didnt see anything
doji
[12:37 pm] joeytsa : except that mike came
back 🙂
[12:37 pm] mikewd2 -: that could be it!
[12:37 pm] joeytsa : 🙂
[12:37 pm] mikewd2 -: i can’t figure out why
the oils turned around – haha
[12:37 pm] joeytsa : haha
[12:37 pm] mikewd2 -: i guess just a bounce
in the market di di.
[12:37 pm] mikewd2 -: it
[12:38 pm] mikewd2 -: can’t decide to reduce
or add. haha
[12:38 pm] mikewd2 -: WFT pushing 13
[12:38 pm] joeytsa : you’re just trying to
make enough to buy your own tanker
[12:39 pm] mikewd2 -: speaking of which, FRO
and DRYS moving up
[12:39 pm] doji : SLB approaching 67
[12:40 pm] joeytsa : very impressive ES move
from lows
[12:40 pm] aussie123 : HOD SPX
[12:41 pm] mikewd2 -: anyone know why we
moved up so much?
[12:41 pm] mikewd2 -: s&P positive
now also
[12:41 pm] mikewd2 -: dow soon
[12:41 pm] shark : dinner in europe ended
[12:41 pm] joeytsa : no clue..maybe some
euro news?
[12:41 pm] Ed : just hear Ben high 5vng
Obama
[12:41 pm] shark : must not have kicked
Greece out
[12:41 pm] victor51 : Lisa, 38% retracement
line at $58.75 . Does it mean 38% chance it
will retrace to 58.75 or am i wrong?
[12:41 pm] joeytsa : yeah Ed
[12:42 pm] mikewd2 -: sounded like all the
countries are looking at possiblity of
dumping euro.
[12:42 pm] doji : Would you enter WFT here
Mike? Just courios to know your toughts
[12:42 pm] shark : 15 min to close
[12:42 pm] lisas : Victor, it means that is
a common support area
[12:43 pm] mikewd2 -: 13 was previous support
– so now is it resistance?
[12:43 pm] mikewd2 -: i’m not but i already
own half the company
[12:43 pm] mikewd2 -: haha
[12:43 pm] mikewd2 -: at least i feel like
that
[12:43 pm] lisas : test
[12:43 pm] mikewd2 -: next resistance is
13.50
[12:43 pm] doji : Monday and Today were big
rallies for the oil stocks….. while the
opposite was true for the oil itself
[12:44 pm] lisas : victor, the fib levels
are areas you may find support
[12:44 pm] mikewd2 -: reducing some more FST
at 8.53 bought 8.33 this morning.
[12:44 pm] lisas : they also give you an
idea of how strong a trend is. If pullback is
only 38%, tends to be a stronger trend.
[12:45 pm] joeytsa : AAPL up $18 from
lows
[12:45 pm] mikewd2 -: sold DELL 12.59,
getting late
[12:48 pm] doji : Anyone thinks this is the
bottom? I am travelling next week and want to
be fully invested…. hahaha
[12:48 pm] joeytsa : maria b gets so excited
when the market is up
[12:48 pm] doji : so I don’t miss the
rally
[12:50 pm] mikewd2 -: haha
[12:50 pm] doji : Ed, do you line the hammer
in SLB daily?
[12:50 pm] doji : like
[12:50 pm] victor51 : Thanks Lisa. FBi is
used with trending stocks only?
[12:50 pm] eddy : gd nite everybody thx for
all
[12:50 pm] joeytsa : bye eddy
[12:51 pm] Ed : been while since I looked at
SLB, use to trade it 2 years ago
[12:51 pm] Ed : c ya eddy
[12:51 pm] doji : I see an increase in
volume since 3:00PM
[12:51 pm] doji : so what do you think
Ed?
[12:52 pm] mikewd2 -: nice day guys, cu 2mrw
– lets hope the rally is starting.
[12:52 pm] Ed : has room to run if that
sector can get some momentum, would look for
low of 5/18 to hold
[12:53 pm] lisas : victor, I’m not a fib
expert, but that’s how I use them, to see if
it’s just a pull back that I might enter with
a close stop. Also good to use for targets.
There is a lot of info on the web for free if
you google it.
[12:54 pm] doji : That is like 5% stop Ed
[12:54 pm] doji : With the oil at the
current levels….. hummmm
[12:54 pm] Ed : not sure where u entered, Im
basing on how I would have entered
[12:54 pm] lisas : If you email me,
[email protected] I can send you some
links
[12:54 pm] doji : Have no position in SLB
Ed… just wondering
[12:55 pm] victor51 : Lisa, It was quite
useful. I will go to the site. Thanks for
your time
[12:55 pm] doji : what a smart guy like you
would do…
[12:55 pm] joeytsa : doji, you can have a 5%
price stop, just dont make it 5% of your
total capital
[12:55 pm] Ed : ok, provided nice entry on
5/21 at this juncture would wait for price to
come back to me, would not buy at this
level
[12:56 pm] Ed : ur too kind doji
[12:56 pm] doji : Thanks Ed
[12:57 pm] doji : YEs Joey, this is just 20%
of my portfolio
[12:57 pm] joeytsa : ahhh
[12:58 pm] lisas : victor, glad to help
[12:59 pm] victor51 : I bought qqq for swing
1-2 days. What you think MItch
[01:00 pm] joeytsa : dow almost made it
back
[01:00 pm] doji : SPY again finished
unchanged
[01:00 pm] ogking : Great day! Great Evening
to all see in the AM
[01:00 pm] joeytsa : Thanks Mitch, Ed,
everyone
[01:00 pm] doji : Bye guys….
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