[06:18 am] Kris : I’m out 1/4 NBR
[06:19 am] Brent : good morning
[06:19 am] Kris : good morning traders
[06:19 am] Kris : there, that’s better
[06:19 am] Kris : This morning I’m watching
DLB, CF, HTS, ADSK, AMP, TGT, CHS, SNY, CSIQ
as possible long trades
[06:20 am] Kris : CBG, MWW, INFY, OSG, TTM,
BCSI, DELL and FLO as short trades
[06:20 am] Kris : We’re moving up premarket
so watch SPY to see if she can break
120.70
[06:21 am] Kris : lol papadoc[06:29 am] Kris
: Time To Rock! Let’s make some money! Stay
focused.
[06:31 am] Kris : ANF long half position
[06:31 am] Kris : LULU short half position
[06:31 am] Kris : never mind, don’t chase
SODA, dropped too fast
[06:31 am] Kris : SODA short half position
[06:32 am] Kris : ADSK long over new
hod[06:33 am] Kris : FSLR short half
position
[06:33 am] Kris : LTD long half position
[06:35 am] Kris : short second half LULU
[06:36 am] Kris : NTAP short half position
[06:36 am] Kris : stop LULU over 55.65
[06:37 am] Kris : SPY pushing resistance
levels
[06:38 am] Kris : out half FSLR short
[06:38 am] Kris : out half LULU short
[06:38 am] Kris : RIMM short half position
[06:39 am] Kris : looking for a weak bounce
in NTAP and then a break to new lod, waiting
to get my second half.
[06:40 am] Kris : BIDU short half position
[06:40 am] Kris : watching for new lod in
LULU
[06:41 am] Kris : out another 1/4 FSLR
short
[06:41 am] Kris : out half BIDU short
[06:42 am] Kris : FTNT long over 21.03
[06:42 am] Kris : out half RIMM short
[06:42 am] Kris : SPLS short half position
[06:43 am] Kris : IMAX coming down to test
yesterdays low
[06:43 am] Kris : NTAP looking weak so far
[06:44 am] Kris : out another 1/4 LULU
short
[06:44 am] Kris : RVBD short half position
[06:45 am] Kris : buyers coming in, SPY going
to test that 120.70 area again
[06:45 am] Kris : here we go
[06:45 am] Kris : I guess she heard us
[06:45 am] Kris : out half SPLS short
[06:46 am] Kris : heading for 121
[06:46 am] Kris : there she goes
[06:47 am] Kris : IMAX downgraded
[06:47 am] Kris : not going to help the
bounce off 17.00
[06:47 am] Kris : YOKU long half position
[06:49 am] Kris : BHP long half position
[06:49 am] Kris : FTNT long half position
[06:51 am] Kris : out half FTNT long
[06:52 am] Kris : come on ANF, you can do
it
[06:52 am] Kris : looking for a new hod in
ANF
[06:53 am] Kris : BHP moving up
[06:54 am] Kris : looking for new hod in YOKU
soon
[06:55 am] Kris : gonna try and be patient
with yoku long
[06:55 am] Kris : long gone
[06:55 am] Kris : no Itchier, you should have
stopped out already
[06:55 am] Kris : YOKU breaking hod[06:56 am]
Kris : out half ANF long
[06:57 am] Kris : bert is gonna be mad at
me
[06:57 am] Kris : I better start to find more
trades
[06:57 am] Kris : out half YOKU long
[06:58 am] Kris : and near trendline support
too
[06:58 am] Kris : bull-chit
[06:58 am] Kris : IMAX new lod[06:58 am] Kris
: watch SPY here coming into support
[06:59 am] Kris : BHP lagging, starting to
lose patience.
[06:59 am] Kris : out 1/4 YOKU long
[07:00 am] Kris : WAG short half position
[07:00 am] Kris : yes, I would try to take
some profit here soon anthony[07:01 am] Kris
: and leave some to break 16.90
[07:01 am] Kris : SINA negative comments
coming out
[07:03 am] Kris : BSFT long half position,
it’s a little thin so start light
[07:03 am] Kris : YOKU new hod[07:04 am] Kris
: next support 120.70
[07:04 am] Kris : SPY having trouble coming
off support here
[07:05 am] Kris : LNKD short under 82.77
[07:07 am] Brent : DNDN approaching
resistance at 13.95
[07:07 am] Kris : will watch for a weak
bounce in DAN and then a short on a new
lod[07:07 am] Kris : yes, could retest lows
if we can’t find support in the market
joey.
[07:08 am] Kris : HUM long
[07:08 am] Kris : see if SPY can break
trendline here on the bounce
[07:10 am] Kris : ABX long over 51.12
[07:11 am] Kris : could give a nice push over
21.30
[07:11 am] Kris : watch for a new hod on
FTNT, still holding up well.
[07:11 am] Kris : we could get a bounce in
NTAP near the double bottom but I think there
could be more money in a weak bounce and then
fail of the lod as a short setup.
[07:12 am] Kris : go YOKU go
[07:12 am] Kris : I would have cut loose too
joey.
[07:12 am] Kris : let it get loaded up with
longs first
[07:12 am] Kris : YOKU new hod[07:13 am] Kris
: buyers coming in here
[07:13 am] Kris : see if SPY can break 121
[07:13 am] Kris : then test hod 121.20
area
[07:14 am] Kris : out half HUM long here,
stop second half BE
[07:15 am] Kris : out all YOKU long
[07:15 am] Kris : ZION long half position
[07:15 am] Kris : ZION trades a little thin
so I would stay smaller than normal
[07:16 am] Kris : MAKO long
[07:17 am] Kris : JOYG long half position
[07:18 am] Kris : SPY testing hod[07:19 am]
Kris : FTNT about to break hod[07:19 am] Kris
: see if we can get a small pullback this
time and then a break on through
[07:19 am] Kris : spy
[07:20 am] Kris : SWN long half
[07:21 am] Kris : nice trendline in ANF
[07:21 am] Kris : see if it can hold up here
and then push for another new high
[07:21 am] Kris : textbook
[07:21 am] Kris : you guys were able to take
some profit on MAKO on that spike?
[07:22 am] Kris : CREE coming into support
[07:22 am] Kris : out another 1/4 ANF long
[07:22 am] Kris : YOKU making new highs
[07:23 am] Kris : out half WAG short
[07:23 am] Kris : what a beast
[07:24 am] Kris : watch that last low in the
SPY, we lose that and we could get more
selling. Around 120.75
[07:25 am] Kris : 5min to oil inventories
[07:25 am] Kris : out half JOYG long
[07:26 am] Kris : FTNT breaking out to new
hod[07:26 am] Kris : JOYG working, I just had
to dump half to lighten her load.
[07:26 am] Kris : there she goes
[07:26 am] Kris : ZION holding up, at
trendline support, looking for a push to new
hod.
[07:27 am] Kris : damn
[07:27 am] Kris : didn’t I say I wanted to
stay patient in YOKU?
[07:27 am] Kris : YOKU
[07:28 am] Kris : FTNT look to start taking
more off here soon
[07:28 am] Kris : VRX long half position
[07:29 am] Kris : OXY long half position
[07:30 am] Kris : geesh, analysts really
fubar’d oil numbers
[07:31 am] Kris : TZOO short half position
[07:32 am] Kris : amen joey
[07:32 am] Kris : falling too fast
[07:32 am] Kris : only got partial fill on
TZOO
[07:32 am] Kris : SWN needs to get moving
here or I’m out
[07:33 am] Kris : out half TZOO short
[07:33 am] Kris : out ZION long
[07:34 am] Kris : I would like to see a
bounce in OPEN before taking a short below
the 63.00
[07:35 am] Kris : chinese having a problem
with accounting again? what a shocker
[07:36 am] Kris : I think they got delisted
recently
[07:36 am] Kris : PUDA!!!!!!
[07:37 am] Kris : as do a few others
aaron[07:37 am] Kris : bummer, wish I would
have been full on it.
[07:37 am] Kris : I don’t watch PUDA but I
have a friend who checks on it.
[07:37 am] Kris : out another 1/4 of my tiny
spot of TZOO
[07:38 am] Kris : momma
[07:38 am] Kris : PWER long half position
[07:38 am] Kris : you can say that again
candelass[07:40 am] Kris : out all TZOO
short
[07:41 am] Kris : SPY nice consolidation
range here, we could have a nice move either
way.
[07:42 am] Kris : FTNT was a beauty
[07:43 am] Kris : ORLY long
[07:43 am] Kris : VRX new hod[07:46 am] Kris
: BKS short
[07:46 am] Kris : BSFT new hod[07:46 am] Kris
: starting to move up
[07:48 am] Kris : ARUN short half position
[07:53 am] Kris : out half BKS short
[07:54 am] Kris : now your turn ARUN, come on
down
[07:54 am] Kris : out another 1/4 BKS
short
[07:54 am] Kris : SPY broke that support
level, let’s see if she will come down
more
[07:55 am] Kris : APKT short
[07:55 am] Kris : start with half on APKT
[07:56 am] Kris : if anyone got that short in
OPEN, look to start covering some here.
[07:56 am] Kris : TZOO still falling
[07:57 am] Kris : DECK short half position
[07:57 am] Kris : LNKD new lows
[07:58 am] Kris : look for a small bounce
here in PPDI, then consider a short on the
new low breakdown.
[07:59 am] Kris : out half ARUN short
[08:01 am] Kris : SPY coming into lod
support
[08:02 am] Brent : FOSL at support
[08:02 am] Kris : AMRN short
[08:02 am] Kris : we should get a bounce
soon, not sure how strong it will be.
[08:03 am] Brent : bounce
[08:03 am] Brent : watching JWN for a
bound
[08:03 am] Kris : lol[08:03 am] Kris :
watching JWN for a long reversal soon
[08:07 am] Kris : BWLT short half position
with tight stop in case the market moves
up
[08:07 am] Kris : PPDI coming down, never
gave any bounce
[08:08 am] Kris : out half DECK short
[08:10 am] Kris : BWLD
[08:10 am] Kris : sorry
[08:10 am] Kris : watching STP for a possible
long setup soon
[08:11 am] Kris : much appreciated
[08:11 am] Kris : PHH breaking out
[08:11 am] Kris : then pass doji, you don’t
have to trade it
[08:12 am] Brent : JWN long half
[08:12 am] Kris : BVN at resistance level
[08:12 am] Kris : SPY coming into resistance
soon
[08:13 am] Kris : DECK still coming down
[08:13 am] Kris : MHP ALERT
[08:13 am] Kris : MHP ALERT
[08:15 am] Brent : 40.95 on JWN eyes is my
stop
[08:15 am] Kris : out another 1/4 DECK
short
[08:16 am] Kris : SPY turning over at
resistance here, watch for a retest of
support
[08:18 am] Kris : looking for new low in APKT
short
[08:19 am] Brent : take care anthonyb[08:19
am] Kris : RIMM breaking new lows
[08:19 am] Kris : trying to get out half AMRN
short here
[08:20 am] Kris : HPQ short half position
[08:24 am] Kris : NTAP short half position
[08:25 am] Brent : stopped JWN
[08:26 am] Kris : AMRN moving down
[08:28 am] Kris : if you got BWLD short, look
to cover some here and bring down you stop on
the rest.
[08:29 am] Kris : SPY coming down into
lod[08:31 am] Kris : short second half HPQ
[08:31 am] Kris : we have overhead trendline
resistance on SPY
[08:33 am] Kris : 1 share
[08:35 am] Kris : 31.27 ronfrac, looking for
a new lod and a nice move down
[08:35 am] Kris : look to take another small
piece off BWLD short here soon
[08:36 am] Kris : SPY trying to lose
120.00
[08:39 am] Kris : come on HPQ, come on
down
[08:40 am] Kris : out half HPQ short
[08:42 am] Kris : new lod on SPY
[08:45 am] Kris : out all BWLD
[08:45 am] Kris : that’s a good target
ronfrac, could give a small bounce and then
trend down more into 31.00 area.
[08:47 am] Kris : 1% to 2% is a good size
profit on a day trade
[08:47 am] Kris : depends on the price of the
instrument ronfrac[08:48 am] Kris : and maybe
2 strikeouts or if your candelas, pop
flys[08:48 am] Kris : you’ll get a bunch of
singles, a few doubles and maybe a triple or
homerun.
[08:49 am] Kris : and his 1 share
[08:49 am] Kris : I intentionally walk
candelas
[08:50 am] Kris : out all HPQ short
[08:51 am] Kris : I’m flat, gonna take a
quick break. be back in 15.
[08:51 am] Kris : Mitch has the con
[08:52 am] Brent : SPY coming into overhead
trendline resistance
[08:55 am] Mitch K: This is the daily chart
of the SPY (SP500 etf) and it still is
holding up with higher highs today. it needs
to move up tomorrow for continuation. if the
indexes turn over, consider reducing more
longs
[08:59 am] Brent : CLX getting some volume
[09:13 am] Mitch K: when the market bounces,
consider using that bounce to sell some of
your long swing positions into that bounce
[09:15 am] Mitch K: advanced trade
[09:15 am] Mitch K: going to be a long bounce
here around 67.55
[09:15 am] Mitch K: IDCC moving up
[09:15 am] Mitch K: on IDCC
[09:16 am] Mitch K: won’t last long though,
maybe a min
[09:18 am] Mitch K: on a chart like IDCC, the
overall trade is a short but when it moves up
to 71.87 like that and comes back to 67.55,
there was a quick long bounce
[09:28 am] Mitch K: you see that 2nd helping
short on IDCC, this chart pattern you often
get that 2nd short and after you cover the
2nd helping, its over. no trades after that
usually, best to move on to something else
[09:54 am] Kris : CBG short under 15.96
[09:58 am] Kris : SPY coming down into a
double bottom support
[10:31 am] Kris : the price sonorant
[10:33 am] Kris : I think that’s one of the
most commonly overlooked pieces of data for
new traders.
[10:33 am] Kris : is volume
[10:36 am] Kris : running over long stops
[10:36 am] Kris : TZOO broke support on daily
previous low, that’s what triggered the big
selloff.
[10:37 am] Kris : but you want to see that
increasing volume at the end of the move.
[10:37 am] Kris : exactly rusty.
[10:37 am] Kris : gotta have that sustained
or increasing volume.
[10:37 am] Kris : then those exaggerated
moves many times give good reversals
[10:38 am] Kris : the last of the sheep
piling in
[10:40 am] Kris : SPY breaking new low
[10:41 am] Kris : more sellers coming in
here
[10:56 am] Kris : hey bert, was there any
news at 10:30?
[10:56 am] Kris : I know there was
something
[10:57 am] Brent : crude inventories
[10:57 am] Kris : ahhhhhhhh[10:57 am] Kris :
comes out every wednesday[10:57 am] Kris :
sweet drude[11:07 am] Kris : if it does hit
the majority is economic report or news
related.
[11:07 am] Kris : There has to be a catalyst
gecko
[11:08 am] Kris : but you have to look at S/R
levels to see if it’s the right time or
you’re gonna get spanked.
[11:08 am] Kris : what about 10:30
yesterday?
[11:12 am] Kris : limit for everything except
my stops
[11:13 am] Kris : just like rusty said, it
comes back to volume. You can spot a
systematic buy program trending a price over
a few hours with little change in volume.
[11:14 am] Kris : do they sell on .42 marks
too or is it a different price?
[11:14 am] Kris : so do they buy here or sell
here?
[11:15 am] Kris : if you can think of it
there is most likely a way to back test
it.
[11:15 am] Kris : yes gecko
[11:15 am] Kris : you can back test for
anything you can calculate with the data you
have on that instrument.
[11:16 am] Kris : I have noticed a pattern
[11:17 am] Kris : I only spot time reversals
when gecko is in the room.
[11:56 am] Brent : SPY approaching
resistance
[01:00 pm] Brent : have a great night
everyone, see you in the morning
TSA |
[01:00 pm] Brent : nice work qwert[01:00 pm]
observer : Take care all
[01:00 pm] qwert : see you all tomorrow have
a great night 12 w- 2 l awesome day
[01:00 pm] vans : yes, used reverse
psychology on TNA and it broke. sucker
[05:54 am] papadoc : Guess Kris sold all of
his NBH or whatever it was. Puts more money
in his bag of tricks
[06:10 am] lightning : GM all. Oil has made
a steady move up this morning.
[06:20 am] joeytsa : Gap ups : SPLS,SODA
[06:20 am] leo : Yes Candelas, I am on my
mobile device. I have still issues with
NinjaTrader.
[06:20 am] mando : hey folks. TOS wiped out
all of my settings last night. What
stochastic settings are you all using?
[06:21 am] joeytsa : Gap downs :
KCI,BCSI,REGN
[06:21 am] joeytsa : keep an eye on SINA
today…earnings release later
[06:21 am] joeytsa : no major reports except
for crude oil inventories at 7:30PST
[06:22 am] joeytsa : TGT gapping up also
[06:27 am] randall : joeytsa: I don’t know
about you, but would you want a position in
Sina before earnings? THe chinese theme is
daunting. I think we could see some action
indeed!
[06:28 am] joeytsa : i think SINA will have
a lot of action today…i wouldn’t hold
through the announcement
[06:29 am] sonorant : kci[06:31 am] joeytsa
: REGN spike up..target hit already !!
[06:32 am] randall : lnkd[06:33 am] randall
: gggg[06:37 am] randall : bcsi moving
big
[06:44 am] doji : All out BIDU 132.44,
thanks Kris
[06:44 am] doji : from 134.68
[06:44 am] joeytsa : nice one doji[06:44 am]
ltacher : In NTAP
[06:46 am] joeytsa : SINA just shot up
[06:46 am] ltacher : Nice Doji[06:47 am]
ltacher : opinion on X
[06:48 am] joeytsa : just be careful, coming
up to the 50% retracement from recent
highs
[06:48 am] joeytsa : on SPY
[06:48 am] ltacher : holding TNA
[06:49 am] ltacher : UPRO
[06:51 am] joeytsa : FSLR really weak
[06:51 am] ltacher : in FTNT 21.05
[06:51 am] ltacher : we are doing it
[06:53 am] apple : thx K for FSLR 997.2 out
96.50
[06:54 am] ltacher : anything on NTAP
[06:55 am] doji : TNA 47.25, 48.12 out
[06:55 am] gecko : yoku at r2
[06:55 am] joeytsa : TGT stuck in the
mud..bye bye
[06:57 am] joeytsa : FSLR might be setting
up for a move, just came up abotu $1
[06:58 am] anthonyb : did anyone get short
Imax on that move up?
[06:58 am] Brent : yeah, I can’t find an idea
when you have a position on all 7000 stocks
Kert[06:58 am] joeytsa : haha[06:58 am]
joeytsa : haha, yeah you have only had 30 so
far 🙂
[06:58 am] mbear : lol[06:59 am] gecko :
yoku nice thx kris[06:59 am] joeytsa : win
bets on every horse in the race 🙂
[06:59 am] ltacher : on NTAP
[06:59 am] ltacher : yep Kris I stop out at
42.20 yep thanks
[07:00 am] anthonyb : if you were short IMAX
at 17.22, would you cover now ,or hold?
[07:00 am] joeytsa : SINA falling
[07:00 am] ronfrac : ANF THX Kris
[07:01 am] apple : K – thx for YOKU 25.62
out 27.05
[07:02 am] apple : K – thx for ANF 66.31 out
67.80
[07:02 am] joeytsa : TGT finally working its
way down, too bad i cut the cord
[07:02 am] joeytsa : yeah Kris..SINA ceo was
mad that they were the only stock you havent
mentioned yet 🙂
[07:03 am] ltacher : out on X
[07:04 am] doji : DNDN
[07:04 am] joeytsa : YOKU is rockin’
today
[07:07 am] joeytsa : FSLR turning over?
[07:08 am] joeytsa : i agree Kris
[07:09 am] ltacher : ntap see it dropping
again
[07:09 am] mikewd2 -: no trades yet today,
having issues with etrade pro – won’t stay
connected with charts
[07:10 am] duckfan : Watching CLX
[07:10 am] joeytsa : gotta switch mike
[07:10 am] ltacher : out on FTNT 15 c profit
not bad
[07:11 am] doji : DAN Short Kris?
[07:11 am] doji : lod[07:11 am] ronfrac :
ntap turning up
[07:12 am] joeytsa : only mistake so far was
losing patience with TGT, knew it would
drop…just took too long for me
[07:12 am] rusty : BCSI radar
[07:13 am] joeytsa : execution cost..nothing
big
[07:13 am] joeytsa : YOKU with a perfect
bounce off of the 5day
[07:14 am] joeytsa : i figured SINA would be
volatile today…4pts up/4pts down
[07:14 am] lightning : watching SINA for
possible long
[07:16 am] doji : DNDN hod[07:17 am] joeytsa
: keep eye on IRBT…getting added to the
600, nice run up so far
[07:17 am] lorie : oil inventory 15 min
[07:18 am] doji : Anyone long in DNDN?
[07:18 am] doji : Broke hod but resistance
at 13.95 (Brent)
[07:18 am] gecko : new high dji[07:19 am]
apple : yes doji[07:19 am] joeytsa : ANF on
a nice steady climb
[07:19 am] observer : Thx, Kris, MAKO
[07:20 am] ltacher : go TNA go
[07:22 am] ltacher : wow wonderful day
incredible
[07:23 am] gecko : at 10.30
[07:23 am] gecko : maybe 30 top?
[07:24 am] apple : does it get any better
than this?
[07:25 am] anthonyb : TGT
[07:25 am] doji : Still in DNDN Apple?
[07:25 am] rusty : TUDO ipo getting ready
[07:27 am] candelas : on a mission
[07:28 am] joeytsa : SINA powering up
[07:28 am] joeytsa : yeah Kris.patient with
5000 shares
[07:29 am] apple : no doji[07:30 am] doji :
Thanks Apple
[07:30 am] gecko : do the banks give
that?
[07:30 am] gecko : new high dji[07:30 am]
gecko : yoku 27 percent in 1 hr[07:30 am]
joeytsa : oil quick drop
[07:31 am] joeytsa : i guess that’s why they
are analysts and not TSA members 🙂
[07:33 am] joeytsa : YOKU taking a quick
breath
[07:35 am] apple : lol K
[07:35 am] ltacher :
http://seekingalpha.com/article/287972-zhongp
in-overstated-income-excessive-capex-and-dece
ptive-saic-filings?source=feed+
[07:36 am] gecko : watching to see if ema 50
stops this 10.30 dip
[07:36 am] ltacher : like PUDA
[07:37 am] eyes-inthenow : Don’t laugh at
Puda I still own that
[07:37 am] gecko : 10.30 good time to
reverse on yoku[07:37 am] lightning : PUDA
hasn’t traded since April.
[07:37 am] ltacher : I think so ..
[07:38 am] candelas : yoku givin little on
short, gave alot on long
[07:38 am] mikewd2 -: I still own 2k shares
of Puda[07:40 am] mabdeen7 : soda lod[07:45
am] candelas : 4 sure
[07:45 am] ltacher : FTNT grate trade i had
leverage love it
[07:46 am] candelas : new ipo TUDO
[07:46 am] rusty : TUDO ipo lod[07:54 am]
anthonyb : guys, I’m really getting the hang
of this.
[07:57 am] ltacher : anthonyb me too loving
it love day like today
[07:58 am] ltacher : alot of action
[07:59 am] doji : TNA tanking
[08:01 am] mbear : mcp[08:05 am] gecko :
fosl nice thx brent[08:06 am] rusty : SODA
radar
[08:07 am] apple : I want my BWLT with
SODA
[08:07 am] doji : Is BWLT symbol correct
Kris
[08:08 am] doji : I cannot get it in TDA
[08:09 am] ltacher : i am not getting a
symbol on BWLT
[08:09 am] rusty : probably BWLD
[08:10 am] doji : Buffalo Wild
[08:10 am] doji : Too thin… and big
spread
[08:10 am] mando : He is watching BWLD
Buffalo Wild Wings
[08:11 am] doji : I know Kris, just giving
my point of view….
[08:14 am] apple : twice is nice
[08:14 am] eyes-inthenow : what’s your stop
brent[08:18 am] anthonyb : ok, I’m done for
today. Thank you K,B,M for all of your help.
I look forward to seeing you all tomorrow
🙂
[08:24 am] ltacher : Deck was my best trade
wonderful love it
[08:25 am] ltacher : thank you Kris
[08:25 am] ronfrac : Knew I’d jinx SPY
[08:27 am] ltacher : TGT craked[08:33 am]
candelas : 1 for you
[08:33 am] candelas : thx for jwn, got a
great fill 40.78
[08:33 am] joeytsa : haha[08:34 am] ronfrac
: K: What’s your HPQ Target?
[08:35 am] doji : bac LOD
[08:37 am] doji : Have to leave guys….
when things were getting better… see you
tomorrow
[08:38 am] rusty : AAPL Saw a ‘significant’
slowdown in Mac sales since the end of July –
Apple Insider
[08:44 am] ronfrac : HPQ 31.07 next?
[08:47 am] ronfrac : I have to get used to
.20-.30 profits.
[08:48 am] candelas : lol[08:48 am] candelas
: what about a walk
[08:49 am] candelas : free up shares 4
others
[08:50 am] leo : Candelas I’ll ask you some
points for winning trades later.
[08:51 am] mabdeen7 : Kris is ARUN setting
up for a long?
[08:52 am] ronfrac : I’m not here long
enough to pick on anybody. Thx for HPQ. I’m
out same reason
[08:52 am] vans : OK, sto and macd all
bottom, 9:30, hope for 1 hr upswing in
market.
[08:53 am] rusty : Kris watching too many
submarine movies
[08:54 am] candelas : it is authentic
[08:55 am] ronfrac : Mitch: Great movies.
Loved the Salmon. My grandson would like a
flying computer.
[08:57 am] rusty : Venezuelan President
Chavez Plans to nationalize the gold industry
in Venezuela
[08:58 am] gecko : any report to explain
10.30 reversal?
[08:58 am] qwert : maybe crude inventories
gecko
[08:58 am] vans : glad I was on the correct
side of that drop
[09:09 am] vans : Thanks goodness for TZA
[09:10 am] rusty : AMRN radar… ceo
scheduled to speak 12:40PM
[09:12 am] rusty : Jersey Shore’s The
Situation offered cash not to wear
Abercrombie & Fitch
[09:12 am] vans : 44.75 area should be good
bounce play TNA, thoughts
[09:14 am] sfarrill : IDCC
[09:16 am] vans : Thanks for IDCC, sweet
play and fast
[09:17 am] rusty : APPLE INC
<AAPL.O>, NOKIA
<NOK1V.HE> AND QUALCOMM INC
<QCOM.O> AMONG SEVERAL TELECOM
AND TECH COMPANIES WEIGHING BIDS FOR
INTERDIGITAL INC
[09:22 am] vans : This could be the base
[09:23 am] rusty : DECK radar
[09:23 am] vans : long TNA at 45.18, ready
for drop though
[09:29 am] ltacher : back from lunch
[09:29 am] storage : thank you very much
Mitch!
[09:30 am] ltacher : did i missed
anything
[09:36 am] rusty : TZOO radar
[09:37 am] vans : why tzoo,
[09:38 am] rusty : oversold intraday and
getting oversold on daily
[09:40 am] rusty : every analyst loved it at
90
[09:40 am] vans : OK, on pull back
[09:44 am] rusty : TZOO $1 bounce off low
[09:59 am] lightning : vans, who is your
broker?
[09:59 am] vans : Broker wouldn’t let me buy
TZOO, on phone complaining now. also didn’t
fill tza long. I am switching. but only have
26k
[10:00 am] vans : GXTrader and Nurvans
systems.
[10:01 am] vans : OmniTrader , trade off
charts, great idea, terrible performance
[10:03 am] sonorant : vans, I got approved
for accounts at all 3 places in the last 7
days — trade station, IB, and Lightspeed.
Am testing them out one by one. So far I’ve
mostly been on Trade Station. Some things
I like, some things I don’t. We’ll see.
[10:05 am] sonorant : Rusty, how did you
know TZOO was oversold? What indices did you
look at?
[10:07 am] sonorant : My sentiments
exactly
[10:07 am] vans : Thanks sonorant, I will
be checking into them also. Is hard enough to
trade without also fighting platform.
[10:08 am] joeytsa : vans…i like
lightspeed, especially coming over from
schwab sse..lightspeed charting isn’t the
greatest though
[10:08 am] sonorant : Leo, are you still
there? You said early early today that you
were having issues with Ninja Trader. What
kinds of issues?
[10:09 am] sonorant : Joey, are you using
the hot key feature on Lightspeed?
[10:10 am] joeytsa : no..haven’t dove too
deep into things yet.
[10:11 am] joeytsa : just clicking on
buy/sell
[10:11 am] sonorant : But you are still
doing great trades….
[10:12 am] Kris : you using demo version of
LS for testing sonorant?
[10:12 am] sonorant : I played with the
Lightspeed buy/sell button a little last week
at the very end of the day — put in some
limit orders and some market orders. A few
of the market fills seemed really out of
line.
[10:13 am] Kris : acts a little bananas at
times.
[10:13 am] Kris : that’s why your prices are
off. Demo version is unstable.
[10:13 am] sonorant : Ah .. good to know.
Thanks.
[10:13 am] sonorant : Yes Kris, demo
version
[10:14 am] Kris : show you have to streamline
it, make it sing.
[10:14 am] Kris : We will also be going over
advanced customization of lightspeed in the
upcoming webinar series.
[10:15 am] joeytsa : sonorant…most times i
am unhappy with a fill is usually because of
me being too slow etc[10:15 am] joeytsa :
sounds great Kris
[10:15 am] Kris : yes, we’ll be going over
most of the other platforms as well.
[10:15 am] sonorant : Sounds good. Will you
be doing the same for any other platforms?
[10:16 am] kisa : When is the webinar?
[10:16 am] Kris : September 23rd, 24th and
25th
[10:16 am] Kris : we’ll be posting a
registration page this weekend.
[10:16 am] sonorant : Excellent — so which
ever one I choose I’ll learn to use it
better!
[10:17 am] kisa : nice
[10:17 am] rosmag : are the webinars live
only or can they be reviewed at later date
[10:17 am] sonorant : Is it just about
trading platforms?
[10:18 am] joeytsa : it takes a little time
to get used to each platform
[10:18 am] Kris : yes, they will be recorded
and available for review online at any
time.
[10:18 am] rosmag : looking forward to
them..tks!
[10:21 am] Kris : I have 6
[10:21 am] lightning : watching ASIA for a
possible long
[10:21 am] sonorant : Speaking of monitors,
how many monitors are you monitoring,
Kris?
[10:21 am] tennisball : kris, looking
forward to studying the upcoming webinars.
thanks
[10:22 am] Kris : 3 charts per monitor
[10:22 am] sonorant : How many charts per
monitor?
[10:22 am] sonorant : Okay, thanks. 18
charts. Impressive.
[10:23 am] qwert : what size monitors
kris[10:27 am] Kris : not all monitors have
charts sonorant
[10:27 am] ltacher : is DE good buy here
?
[10:27 am] ronfrac : Kris: Will you be doing
Think-or-swim?
[10:27 am] sonorant : Okay, so how many
charts?
[10:28 am] jjammerp : and 30 “ot” six
[10:28 am] Kris : I have 4 22’s and 2
27’s.
[10:28 am] qwert : thanks k
[10:28 am] storage : i have two lap tops and
a pickup
[10:29 am] rd : don’t forget the hound
dog
[10:29 am] rusty : sonorant… TZOO was
mostly on gut…i am a stock
stockstalker[10:30 am] Kris : yes
ronfrac[10:30 am] rd : got to go kids, good
luck to you all
[10:30 am] rusty : I watch for oversold on
daily chart…. and then stalk it intraday
for a fill
[10:31 am] ronfrac : Kris: Great. I’m having
some problems with chart setup and trading
from the charts.
[10:31 am] sonorant : Okay, but what tells
you it is oversold?
[10:32 am] ronfrac : Are their any
buys,sells, punts out there?
[10:32 am] rusty : and volume
[10:32 am] rusty : exactly
[10:32 am] sonorant : Asia starting up, for
what its worth
[10:32 am] sonorant : Okay, but what
specifically about the price? Relative to
what?
[10:33 am] vans : I use the MacD 12, 26 —
and overlay tow STO charts, 10-8-7 and 5-3-3
using a 3 min chart. works pretty well. also
histogram. have not figured out a value to
using volume yet.
[10:34 am] rusty : TZOO for example had
intraday panic type volume around 10:30 that
was my first alert to watch it closely
[10:35 am] candelas : thx sonorant for asia
out for 1%
[10:35 am] sonorant : Okay, thanks vans and
rusty, I will go back and check it out.
[10:35 am] vans : TNA could be ready to
drop, though charts not confirm
[10:36 am] candelas : thx Lightning
[10:36 am] sonorant : Oh no, Asia was
originally lightening.
[10:37 am] joeytsa : time for lunch, see you
all in 30 🙂
[10:37 am] rusty : exactly kris[10:37 am]
rusty : on stocks that are moving up or down
fast, I think volume is still one of the best
indicators to indicate when the trend is
going to change
[10:38 am] rusty : and similarly at lows on
oversold stocks
[10:38 am] rusty : if you look at hi flying
stocks…there biggest volume is often at the
high
[10:38 am] rusty : its no coincidence
[10:38 am] sonorant : Will go back and study
charts — thanks guys!
[10:39 am] Kris : I use very few studies
ronfrac[10:39 am] ronfrac : Kris: Do you put
all those studies on one chart or do you use
2 charts?
[10:39 am] rusty : even on the SP500
[10:39 am] rusty : keep us honest…look at
any momentum type chart and you will see this
pattern over and over again
[10:40 am] rusty : look at the volume the
other day at the low…when TSA was telling
us to buy
[10:40 am] vans : OK,
[10:43 am] qwert : cbg getting close
[10:43 am] qwert : needs volume
[10:45 am] ronfrac : KRIS: I just stARTED
DAY TRADING ABOUT 3 WEEKS AGO. i USE
stoc,macd HISTOGRAM,VOLUME/AVG AND BOLLINGER
BANDS PLUS 5 S. ma/15/smA.
[10:46 am] Kris : for all the new strategies
we’ll be teaching.
[10:46 am] Kris : that’s not bad. I’ve seen
worse ronfrac. You should see gecko’s
charts.
[10:46 am] Kris : We’re gonna spend an entire
session on scanning.
[10:46 am] ronfrac : My biggest problem is
finding stock during the day. Still working
on scanning techniques
[10:47 am] Kris : what are you using BB
for?
[10:47 am] ronfrac : Can’t wait. I’m patient
on learning but somewhat impatient when day
trading.
[10:47 am] sonorant : Okay, I went back and
looked at the volume on the TZOO chart — the
increase was really obvious at the bottom on
the 5 minute chart.
[10:51 am] ronfrac : I am testing Boll Bands
on day trading charts. It’s amazing how
accurate they are. Most stocks turn up or
down when they hit the upper or lower bands.
When you pick a buy or short and broadcast it
many times I don’t trade it because the price
is very near the band and doesn’t leave
enough room for a profit. This seems to keep
me out of trouble.
[10:51 am] rusty : become an “expert” on
their trading patterns
[10:51 am] rusty : ron…find a couple of
stocks you know something about…companies
you like dislike or whatever…. and then
keep their chart up all the time
[10:52 am] Kris : sounds good
[10:52 am] rusty : Bollinger bands by
definition are very accurate…but also keep
an eye on the width of the bands
[10:53 am] Kris : I can see that, especially
if you’re slow and you can’t get the price
I’m getting you’re usually too far behind.
I’m probably selling my shares to you.
[10:54 am] gecko : dji[10:54 am] gecko : if
there is anything obvious today its 10.30
[10:54 am] gecko : peak dji 10.29
[10:54 am] gecko : time
[10:54 am] gecko : yoku[10:54 am] gecko :
yoku long open reverse 10.30
[10:54 am] Kris : $10.30?
[10:54 am] Kris : on which stock?
[10:54 am] ronfrac : Rusty; right. The width
of the band indicates the possible length of
mood AND also the volatility. If bands are
narrowing the volatility is decreasing.
Opposite for widening bands. Again, gives
possible trading range.
[10:55 am] gecko : would be like a 35
percenter[10:59 am] ronfrac : Rusty HPQ now
at upper boll band and bands are widening. It
can crawl up the band when this happens. but,
if it hits the band 1,2,3 times and doesn’t
go up check for 5 SMA for downturn. Then run
or short. Potential short profit is 30.98,
now 32.17.
[11:00 am] sonorant : Rusty, I like the idea
of tracking a couple of stocks. I am going
to try that.
[11:01 am] sonorant : And ronfrac, I may set
up some Bollinger Bands
[11:01 am] sonorant : Thanks guys for the
help.
[11:02 am] Brent : we used Ballinger Bands on
the farm with the bull calves
[11:02 am] ronfrac : Rusty: The slope of the
upper band is important when compared to the
volume. As you can see, it is almost becoming
parabolic so you ride the horse if STOC and
%R, MACD stay positive
[11:03 am] rusty : poor calves
[11:04 am] Brent : lol[11:04 am] Brent : you
typed boll
[11:04 am] ronfrac : That’s BOLL not BALL.
My biggest problem is I went to school when
real men didn’t take typing. We went to Home
ECon. because that’s where the girsl were. i
type with 2 fingers.
[11:05 am] Brent : I was just messing
around
[11:05 am] gecko : food for thought
http://www.stockmarketcats.com/f46/market-rev
ersal-times-4202.html
[11:05 am] Kris : I miss Home Ec.
[11:05 am] Kris : I miss Home Ec. Back when
women used to cook.
[11:05 am] ronfrac : Brent: I know. Lil
humor needed in this business.
[11:06 am] eyes-inthenow : you just have to
train here
[11:07 am] rusty : http://www.finviz.com a
good site to use for scanning
[11:08 am] gecko : today was 10.30
[11:08 am] gecko : you could be right either
way there are key times to look for
reversals
[11:08 am] rusty :
http://finviz.com/bubbles/bubbles.ashx
[11:08 am] rusty : this one of my favorite
charts just to get an idea of what’s
happening int he market with one look
[11:09 am] gecko : if it was same thing
everyday it nobody would work
[11:09 am] gecko : yoku at double resist on
the 5m
[11:09 am] ronfrac : I shorted it at
31.23
[11:09 am] ronfrac : Rusty: HP ready to roll
over
[11:10 am] gecko : spikeup[11:10 am] Kris :
they buy 1 order?
[11:10 am] vans : Big brokers use computers
to auto buy at .42 cent intervals, based on
time, usually 45 min to 1 hr[11:11 am]
ronfrac : CLX now shooting up and bears
watching
[11:12 am] ronfrac : Kris: Do you use market
or limit orders?
[11:12 am] vans : thousands, they control
the market. Ever noticed how spy has almost
perfect .42 channels, and fall on lines at
perfect time intervals throughout the day.
The literally control the market. Markets are
just a big game to make them money
[11:13 am] vans : it is up to them which way
it goes
[11:13 am] vans : we are at a line now
[11:14 am] candelas : hod vrx[11:14 am]
gecko : kris when u back test can u back
test a strategy for a specific time
interval
[11:15 am] gecko : so its a matter of
programming?
[11:15 am] gecko : thx
[11:15 am] vans : sto says their computers
will probably sell, but they are in the
uptick part of their cycle until 12:30
[11:17 am] vans : Everything based on .42
cents, up or down. Though huge volume from us
could effect the number. In huge volatility,
they double it to .84
[11:18 am] Kris : if you want to email me
gecko I can put you in touch with a very good
programmer.
[11:18 am] vans : draw your .42 cent lines
for today’s activity and it falls perfect.
[11:19 am] candelas : hod VRX
[11:19 am] vans : start with the 8:30 high
on spy
[11:19 am] vans : this is top secret, and if
word gets out, they will change ther=ir
setting, so keep it quiet
[11:20 am] Kris : just glad you were able to
escape with this information alive vans
[11:20 am] ltacher :
http://twitpic.com/67l430/full
[11:20 am] rusty : rofl[11:20 am] vans :
Hey , I type slow cause they took an arm.
[11:20 am] vans : probably safe to stay long
until 12:30
[11:21 am] joeytsa : haha…now i am afraid
to answer the doorbell
[11:21 am] Kris : that’s why I trade from a
missile silo
[11:21 am] vans : Hey, just send me some of
the profits so I can make ny next Balloon
payment.
[11:22 am] rusty : never say never
[11:22 am] vans : Staying long TNA yesterday
killed me. Never swing again.
[11:23 am] joeytsa : just when i thought i
knew stuff…now i have to figure out where
to figure teh .42 from
[11:23 am] rusty : just saying
[11:23 am] vans : I know, My wife wants to
kill me for selling, SHe love MK, He is
God
[11:24 am] Brent : that’s his breakeven
point
[11:24 am] Kris : I think it could get to
$100
[11:24 am] Kris : lol[11:24 am] Kris :
lol[11:24 am] Kris : why so low?
[11:24 am] rusty : Analyst defending AMRN
[11:24 am] rusty : lol[11:24 am] rusty :
lol good point
[11:24 am] rusty : maintains $35 price
target
[11:24 am] vans : French accent. OK I am
going to work now, quiet
[11:24 am] vans : God Like, escuse me.
[11:25 am] Kris : he’ll be selling it at
34.42
[11:27 am] joeytsa : as soon as that analyst
shows me that he just bought 5000 shares,
then maybe i will listen to him
[11:31 am] rusty : amen joey
[11:32 am] joeytsa : it’s such a game, their
job isn’t to tell the truth, it’s to get
people to like the stock
[11:33 am] joeytsa : the way to prove to me
that you like the stock is to put a ton of
money down
[11:37 am] topdogrex : Kris do you have time
to explain the Limits
[11:37 am] topdogrex : otherwise another
time
[11:38 am] ltacher : guys if you need any
news feed let share this with you,
http://www.inewsroom.net/live.html
[11:47 am] candelas : stopped vrx short plus
.42
[11:49 am] candelas : lod sina[11:54 am]
joeytsa : question : SINA having a large
down day leading up to earnings…anyone
thinking a bad outlook?
[11:57 am] vans : it bounced off the line
twice now,
[11:58 am] joeytsa : vans…do you have .42
lines drawn, and where do you place your
starting point?
[11:59 am] ltacher : Mitch I am watching TZA
,when you get a chance can i get your opinion
.Thanks
[12:01 pm] sonorant : So, the idea is that
there is an algorithm in the program that
determines which way they go?
[12:01 pm] vans : wish I knew if Computers
were going to buy or sell
[12:02 pm] joeytsa : possible late day
buying on SINA?
[12:02 pm] sonorant : and does this apply to
the buying and selling of all stocks, or
specifically the SPY?
[12:03 pm] vans : only know the SPY system,
sorry. so stocks in SPY,
[12:04 pm] sonorant : but you think the
stocks, and not the index itself?
[12:04 pm] sonorant : sorry ETF itself
[12:05 pm] ltacher : Got at good price last
week loving it
[12:05 pm] ltacher : I am still holding
TNA
[12:05 pm] vans : I use it to play TNA for
max gains min investment
[12:07 pm] vans : You love watching your
stock sink? You are strong
[12:12 pm] ltacher : vans I have stop loss @
42.96 and if it does I am still walking away
with $ 1500 laveraging my Risk
[12:13 pm] ltacher : trading way above 42
..
[12:13 pm] vans : How, puts
[12:14 pm] vans : I need to think smarter.
learn how to cover both directions. maybe not
possible, selling calls sucks
[12:17 pm] vans : like maybe TNA with $20
upside potential, And buy twice a many put
and still have 50% upside potential and even
if sink, and still own stock at good
price.
[12:19 pm] ltacher : vans sound like a good
plan you win both way love it ..TNA is very
Volatile Stock ..I am not sure ..[12:19 pm]
vans : or own TNA and Buy TZA on the dips
to break almost even.
[12:19 pm] vans : sounds good if could call
them correctly
[12:20 pm] ltacher : oh yeah I have ask
mitch on TZA ..leverage my risk and hedge
against it
[12:23 pm] ltacher : Gold keep going up
Venezuela taking all gold out the central
banks i[12:23 pm] vans : I guess commuters
are on a budget today
[12:25 pm] gecko : yoku at sma 200 1m
[12:25 pm] ltacher : I know vans..
[12:26 pm] ltacher : ok back to trading
..
[12:28 pm] vans : don’t like TNA rounding,
thought it would go
[12:29 pm] lisas : I agree vans, not seeing
a closing rally building yet, may not happen
today.
[12:30 pm] rusty : AMRN radar
[12:53 pm] vans : I am guessing with so many
attempts to break 46 and failing, I will stay
out of TNA tonight. Wish I knew
[12:54 pm] vans : CF had a great week, my
get an option
[12:54 pm] vans : may
[12:56 pm] eyes-inthenow : good night
Everyone see you tomorrow
[12:57 pm] candelas : take care eyes. Im out
as well, take care
[12:57 pm] gecko : whoever put up newsroom
thanks
[12:57 pm] lightning : Thanks TSA and
everyone. See you tomorrow.
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