[06:11 am] Kris : Good Morning Traders
[06:18 am] Kris : I also have ALL, CMC, IGT,
PBI, PMC, SODA and TSL as potential short
setups.
[06:18 am] Kris : Today I’m watching ED, MFN,
EGO, AUQ, PANL, MPEL, UA, PWRD and NVDA as
possible long trades.
[06:25 am] Mitch K: market indexes have given
up most of the premarket gains, same as
yesterdays pattern
[06:28 am] Brent : good morning
[06:28 am] Kris : 2 minutes. Time to Rock!
Stay focused and let’s make some money!
[06:31 am] Mitch K: watching PWRD for
short
[06:32 am] Brent : watching WSM for a bounce,
support around 28.00
[06:32 am] Kris : JPM short half
[06:33 am] Kris : PMC short half
[06:34 am] Kris : out half JPM short
[06:35 am] Brent : consider reducing WMS
[06:35 am] Brent : WSM
[06:35 am] Kris : out half PMC short
[06:35 am] Kris : TZOO short
[06:37 am] Kris : ALTR long half
[06:37 am] Kris : NOV short under 59.93
[06:37 am] Kris : NVDA long half
[06:37 am] Kris : out another 1/4 JPM
short
[06:38 am] Mitch K: TSL 2nd helping short
soon
[06:40 am] Kris : out half TZOO short
[06:40 am] Kris : WLL short half
[06:41 am] Kris : PWRD long half
[06:41 am] Kris : ZAGG short half
[06:43 am] Kris : DANG long half
[06:44 am] Kris : out half NVDA long
[06:45 am] Kris : CHKP short half
[06:45 am] Mitch K: shorting on top of this
bounce WSM
[06:49 am] Kris : watching HNZ for a long
[06:50 am] Kris : focus
[06:50 am] Kris : out another 1/4 NVDA
long
[06:51 am] Kris : GMCR long half
[06:51 am] Kris : now I’m seeing some
buying
[06:52 am] Kris : ANR long half
[06:56 am] Kris : out half ANR long
[06:56 am] Kris : SPY trying to break
hod[06:57 am] Kris : looking for new hod in
ALTR
[06:57 am] Kris : SPy new hod[06:58 am] Kris
: out half GMCR long
[06:59 am] Kris : FRO short half position
[07:01 am] Kris : out all NVDA long
[07:02 am] Kris : that’s somewhat common
joey
[07:03 am] Kris : SPY just ran up to a new
hod, facing 114 resistance
[07:03 am] Kris : TDC long half
[07:04 am] Kris : yes neuronx[07:05 am] Kris
: yes, just about to add to it mhaus[07:10
am] Kris : HANS long half
[07:10 am] Kris : yes, I’m still short FRO,
acting weak against this rally
[07:12 am] Kris : out half TDC long
[07:17 am] Kris : see if SPY can hold its
trendline support
[07:20 am] Kris : SNDK long half
[07:21 am] Kris : SPY trying to find support
here
[07:23 am] Brent : watching TIN for a
bounce
[07:24 am] Kris : TDC making new hod[07:26
am] Kris : SOHU long
[07:29 am] Brent : consider reducing TIN
[07:29 am] Brent : next target 21.95 area
[07:45 am] Mitch K: TIN bouncing
[07:46 am] Mitch K: weak bounce though with
TIN, so heavy
[07:53 am] Kris : out half SOHU long
[07:55 am] Kris : on my ninjatrader[07:55 am]
Kris : yes anthonyb[07:56 am] Mitch K:
Temple-Inland sued by court appointed
trustee, WSJ reports Temple-Inland (TIN) is
being sued for over $1B in damages by a court
appointed trustee who claims the company, the
onetime parent of Guaranty Financial Group
Inc., loaded up the bank with risky
securities and took about $600M in dividends
from it, reports the Wall Street Journal
[07:57 am] Kris : yes, email
[email protected] and they can
send you the info anthonyb[08:02 am] Kris :
CAVM short half
[08:05 am] Brent : have a good one
anthonyb[08:05 am] Kris : ESRX short
[08:08 am] Kris : I would wait for one more
bounce off that support junior imho[08:09 am]
Kris : watch FFIV for a long over a new
hod[08:12 am] Kris : GMCR making new
hod[08:13 am] Kris : FFIV trying to break
[08:13 am] Kris : TDC new hod[08:22 am] Kris
: it should come back down and test the lows
again
[08:22 am] Kris : no I took my gains
Itacher[08:25 am] Kris : ANN long half
[08:25 am] Kris : no, I’m out FRO and ZAGG,
ZAGG took a while cause it is so thin
today.
[08:29 am] Kris : slower day so far. less
volatility and in a tighter range
[08:31 am] Kris : 7.23 target on DANG, then
see if it can push hod[08:34 am] Kris : I
still have a sliver of GMCR
[08:34 am] Kris : SPY trying to test hod
resistance area
[08:35 am] Kris : just bumping up my stop on
GMCR and TDC longs
[08:35 am] Kris : TDC testing hod[08:36 am]
Kris : neuronx, we might not have posted this
since you joined the room but if I don’t post
a stop on a trade assume a 1% stop on it.
[08:37 am] Kris : 1%>??
[08:37 am] Kris : FTNT long half
[08:37 am] Kris : stop on ANN long is
22.97
[08:38 am] Kris : unless I post it, yes
[08:39 am] Kris : also watch for whole dollar
numbers
[08:39 am] Kris : and .42
[08:39 am] Kris : but it’s a good area
[08:39 am] Kris : it will vary slightly based
on the next level of S/R
[08:40 am] Kris : about 30% of the time I
add
[08:40 am] Kris : looking for 23.49 first
target ANN long
[08:41 am] Kris : ZAGG finally giving up
[08:42 am] Brent : watching JKS for a
short
[08:45 am] Kris : out half FTNT long
[08:46 am] Brent : consider reducing JKS if
you got it short
[08:46 am] Brent : I bet Candelas got them
though
[08:46 am] Brent : Lightspeed no shares
either
[08:47 am] Brent : told you, lol[08:47 am]
Kris : hit my first target on ANN
[08:47 am] Kris : still have half position
[08:47 am] Kris : stop on second half ANN
long at 23.25
[08:49 am] Kris : SPY resistance around
115.20
[08:49 am] Kris : we could see a short term
top soon
[08:52 am] Kris : no I still have half FTNT
long, looking for a move over 18.00
[08:52 am] Kris : out another 1/4 ANN long
[08:55 am] Kris : SPY coming into resistance
level
[08:56 am] Kris : GMCR consolidating for
another move higher
[08:57 am] Kris : 95 is resistance itacher
but this is just a trail from here on out.
[08:58 am] Kris : HANS breaking out again
[08:59 am] Kris : anyone still long HANS?
[09:00 am] Kris : FTNT holding up, see if it
can push 18.00 here
[09:03 am] Kris : SPY starting to turn
over
[09:09 am] Kris : SPY holding strong
[09:10 am] Kris : pwrd[09:10 am] Kris :
sorry, wrong window
[09:11 am] Kris : FNSR long half
[09:41 am] Brent : SPY approaching hod[09:47
am] Brent : watching RL for a short
[09:52 am] Mitch K: the market is confirming
to me that the bottom is going to hold from
the August 9th (Tuesday) bottom and looking
for indexes to move up.
[09:52 am] Mitch K: this daily chart above is
TNA, let me show you other indexes that also
confirm this
[09:53 am] Mitch K: TQQQ also recovering.
The Nasdaq has been battered more than the
other indexes because tech stocks have had
more volatility, original ly more run up
[09:53 am] Mitch K: we have a nice rebound
with a higher high on this 2 to 1 SP 500 long
etf[09:54 am] Mitch K: here is DIG daily
chart, also same look but not a new high
today yet. I think it will continue to move
up as well
[09:55 am] Mitch K: here is the current oil
contract on a daily chart as well CL V1,
looking very healthy today. I am looking for
this one to move over $90
[09:55 am] Mitch K: I don’t trade CL on a
daily chart but look at the daily once in a
while
[09:56 am] Mitch K: The small caps normally
have been rebounding stronger than mid and
larger cap stocks but on this last cycle of
selling, the fear in the market has kept the
speculating to a minimum and small caps are
more speculative. SO they haven’t responded
as well
[09:57 am] Mitch K: The fear is so much
higher on this cycle of selling the last few
weeks that it is keeping people on the
sidelines more. And the market is reacting
to little bits of bad news in an amplified
manner
[09:58 am] Mitch K: mikewd2, I say almost
every video report not to get heavy in any
one position, did you do that with TNA?
[09:58 am] Mitch K: yes duck, i think you can
build long positions on these ETFs, with
small initial opening positions
[09:59 am] Mitch K: so mikewd2, your greed
gland was overactive? There is medications
for that
[10:00 am] Mitch K: one treatment for you
mike for that is electric shock therapy every
time you go over a certain $ amount in a
position
[10:02 am] Mitch K: I like DIG but not as
strong as the other indexes
[10:02 am] Mitch K: I make those comments
with a great amount of experience. One time
I built a long position in a stock in the
late 90’s of 2.1 mil shares and I didn’t even
know it until I went to sell it. It took me
a week to unwind that position because the
volume was drying up
[10:03 am] Mitch K: that’s faulty thinking
mikewd2 and anyone else to think you did well
on a stock overall but the last trade is
lousy. Each position you make is to be
evaluated individually. Don’t make yourself
feel good for being up on a stock through 5
out of 6 trades and the last one erased most
of the profits
[10:04 am] Mitch K: id say well under 10%
mike, the bigger account you have, the
smaller the percentage
[10:07 am] Mitch K: by the way, esignal gives
you $12 trial if you say you are using
TradeStocksAMerica and also you can get some
of your fees waived if you use different
brokers
[10:07 am] Mitch K: see what I’m doing? i
scroll through the different time intervals
quickly and get a look at what a stock is
doing. that’s why i have favorites at the
top of this esignal charting.
[10:08 am] Mitch K: IB, Interactive Brokers,
a bunch of them waive some fees
[10:37 am] Mitch K: lara, yes the markets are
starting to price in a little hope that
Bernanke says something about stimulus or
some Fed action. If he doesn’t say anything,
markets will probably pullback some but if he
hints at another round of stimulus, the
market is going to really move up a lot over
the following days.
[10:38 am] Mitch K: so i see a smaller
pullback if nothing is mentioned this Friday
by Bernanke but a much bigger move up over
multiple days if he does say something about
stimulus
[10:41 am] Brent : SODA approaching lod[10:41
am] Mitch K: junior, i experiment constantly
with settings on different indicators for
different situations. I’ve been using 10-8-7
on stochastics a lot lately, mostly from
Kris’ comments he made to me 6 months ago.
The 14,3,3 is a default setting that I don’t
use too much anymore.
[10:42 am] Kris : awesome trade matt
[10:43 am] Mitch K: did anyone do ok with the
TIN bounce
[10:43 am] Mitch K: itacher, a Forex trading
Room isnt in our plans for at least a year
[10:48 am] Mitch K: Lara, the CL ideas would
come before Forex but we are concerned that
CL is so fast that people who are not well
trained or not disciplined will hurt
themselves badly. CL requires more
discipline, more training and more speed. I
could visualize CL trading room but would
require some minimum training and some sort
of assurances that an individual can handle
CL
[11:02 am] Kris : SPY building a nice 3 day
consolidation range here.
[11:03 am] Kris : we get a break over 116 in
the SPY and we should have another strong
day. see where we finish today.
[11:09 am] Kris : LULU could be a good long
tomorrow if we get buying in the markets
[11:10 am] Kris : lol[11:15 am] Mitch K: BID
turning over
[11:16 am] Mitch K: watching ETR
[11:24 am] Mitch K: no sell signal yet on
ETR
[11:25 am] Mitch K: early sell signal on
etr[11:27 am] Mitch K: hard sell signal on
ETR
[11:35 am] Mitch K: hey you guys.. question
for you…. How many hours are you studying
a day relating to stocks? it could be
charts, trading log entries, reviewing
trades,
[11:36 am] Mitch K: or it could be futures or
forex too
[11:39 am] Mitch K: i would think 1 hour a
day is not enough to progress well. you guys
might consider studying during trading hours
after first 2 hours and only monitor market
from more of a “distance”
[11:42 am] Mitch K: my personal study hours
this last few months has increased more and
more to 6-8 hours a day, maybe 4-5 hours a
day on weekends. It has really helped, still
learning new things or studies I always meant
to study but finally getting to
[11:42 am] Mitch K: you have to train your
spouse though, to give you the freedom to do
that
[11:45 am] Mitch K: sonorant, there are so
many ways to make money in the markets. You
always want to be learning new stuff, new
strategies, new procedures.
[11:46 am] Mitch K: right, totally agree
joeytsa, I’ve been saying that for years,
just get good at one thing and master it
[11:47 am] Mitch K: and then you add another
strategy
[11:56 am] Mitch K: on your swing trade
positions, you might want to use a 15 or even
a 30 min chart. It allows you to look at it
from a distance without being distracted or
tempted to sell too early but you wont be
that late on a sell signal either. it allows
you to do something else like scalp other
stocks or study something else
[12:08 pm] Mitch K: the comment about ORLY is
referring to a daily chart
[12:12 pm] Mitch K: get something that is
acting better and has more profit potential,
maybe like BIDU
[12:12 pm] Mitch K: stay away from BAC
derns….. it has leprosy, aids, parasites
[12:13 pm] Mitch K: You can talk yourself
into liking anything, look at what
Schwarzenegger did with his nanny,
[12:14 pm] Mitch K: You look at something
long enough, you’ll talk yourself into buying
it
[12:19 pm] Brent : have a good night eyes
[12:21 pm] Mitch K: hey derns, on that BAC
daily chart, its been going down since
January this year, lost about 60% of its
value and still dropping. This is a clear
example of staying on the side of a trend, in
this case a downtrend. What you want to do
is choose stocks that have at least been
doing the roller coaster pattern where it
goes up and down, up, down and at least that
is tradable using indicators on the chart.
Its the easiest to profit from actually.
[12:22 pm] Mitch K: You don’t even have to
know anything about the company, like
fundamental analysis, just look at the chart
and you can see that people don’t like it.
oh, i have an analogy for you on this . . .
.
[12:22 pm] Mitch K: you know how you are
driving and you come to a stop sign and there
are a few cars in front of you?
[12:24 pm] Mitch K: and sometimes you get
impatient wondering why the guy in front
isn’t moving and turning? A thought I tell
myself, is that guy is in a much better
position to know when to go then me, because
I’m back a few cars, right? It’s the same as
with stocks, whatever news there is about a
company, at least most every stock, the news
is out and is priced in or being priced into
the stock. so in BAC case, it has been going
down, so obviously a lot of people know there
is something wrong with the company.
[12:27 pm] Mitch K: if it makes you feel
better, you can read about the company, but
you will get lost and confused with all the
news like is Moynihan the right guy to lead
the company, will they need TARP funds again,
how much more bad mortgages are they going to
have to write off, on and on. And what do
you get out of that? Almost nothing, 99%
waste of time in cases like this. I do like
to take a look at a company I’m bullshorting
though, especially when I’m in trouble with
it,
[12:56 pm] Mitch K: later guys, see you
tomorrow
[12:58 pm] Kris : Have a good night everyone.
See you all tomorrow morning.
[01:00 pm] Brent : have a great night, see
you in the am
|
[06:10 am] joeytsa : PANL is screaming
[06:10 am] joeytsa : only big report looks
to be New Home Sales at 7am pst[06:12 am]
joeytsa : yesterdays aftermarket CANSLIM
email..8 stocks made 52-week highs and 7 of
them were gold stocks
[06:17 am] joeytsa : gap ups :
PANL,ARMH,BIDU
[06:18 am] joeytsa : gap downs : GOLD,GS
[06:18 am] anthonyb : Also HGSI gap up
Joey
[06:19 am] joeytsa : miss that
anthony..thanks..i usually look at the
biggest gaps first
[06:20 am] joeytsa : AAPL is up over $3
also…PANL off its morning high
[06:23 am] rusty : GS: Attorney hiring as
old as DOJ referral — maintain BUY $200 PT
– UBS
[06:24 am] rusty : PANL big gap on news
[06:25 am] joeytsa : SLV been on a nice
little upswing on the daily
[06:26 am] joeytsa : China PMI rises to a
2month high
[06:28 am] rusty : GORO fraud call
[06:31 am] mhaus : TSL
[06:31 am] mhaus : GS
[06:32 am] joeytsa : out PANL short
[06:35 am] joeytsa : IDCC moving down
[06:40 am] joeytsa : the ES on a steady
lower highs/lower lows
[06:41 am] mhaus : FSLR
[06:49 am] anthonyb : kris, let me cover HNZ
before you buy all of it. Been short since
the open
[06:50 am] lorie : housing data in 10
minutes
[06:50 am] joeytsa : nice trade
anthony[06:50 am] anthonyb : out HNZ
[06:50 am] anthonyb : only 100 shares
[06:51 am] ltacher : I like that word
FOCUS
[06:51 am] joeytsa : PANL is breather
mode
[06:51 am] doji : HPQ
[06:52 am] joeytsa : i got out on the 1st
drop, might look for more
[06:52 am] anthonyb : still holding my panl
short joey
[06:52 am] anthonyb : i might get out to
find a better place for my money
[06:53 am] joeytsa : makes sense
[06:54 am] leo : Kris, ZAGG should out?
[06:54 am] joeytsa : CELG ?
[06:55 am] mhaus : MPC possible short
[06:56 am] mhaus : SPY had pre market high
of 114.97
[06:56 am] joeytsa : most of the gold stocks
that hit 52week highs off down, keep eye on
them if markets turn down
[06:57 am] mhaus : FSLR
[06:57 am] joeytsa : gold hit 1900 premarket
i saw
[06:57 am] anthonyb : out panl[06:58 am]
mhaus : MDT
[06:58 am] ltacher : GMCR out as well thank
s Kris that was a good trade
[06:58 am] joeytsa : nice call on FSLR
mhaus…$2 move from your first call at
6:41
[06:59 am] joeytsa : Lightspeed just flashed
an ” Investigation NYSE Open Book Issue”
[07:02 am] mikewd2 -: home numbers not too
bad
[07:02 am] ltacher : who is trading ges ?
[07:02 am] ltacher : GES
[07:02 am] joeytsa : thanks Kris, still
fairly new to ls[07:03 am] neuronx : kris
you out on pwrd[07:04 am] neuronx : ok
tks[07:04 am] mhaus : PX
[07:04 am] joeytsa : the long-term index
charts sure do look ugly
[07:05 am] mhaus : Kris, you still holding
DANG?
[07:06 am] ltacher : Kris are you out on TDC
yet
[07:06 am] leo : What about ZAGG?
[07:07 am] ltacher : TDC looking good
[07:07 am] lorie : MDT
[07:08 am] mhaus : HANS
[07:08 am] lorie : ARUN
[07:08 am] joeytsa : AMZN looking good
today
[07:09 am] mhaus : GS
[07:10 am] ltacher : nice thank you
[07:10 am] ltacher : Kris are you still
short on FRO
[07:12 am] joeytsa : high-priced momentum
stocks having big days
[07:14 am] ltacher : nice trade Kris on
TDC
[07:15 am] joeytsa : for those who like to
hold/swing…both HK and CF have been pretty
solid
[07:18 am] observer : Thx, Kris
TDC,HANS,GMCR,ALTR
[07:18 am] joeytsa : gold stocks starting to
move up
[07:27 am] joeytsa : FOSL strong move
today
[07:28 am] observer : Thx, Kris, SNDK
[07:28 am] ltacher : SNDK same here
[07:28 am] ltacher : Getting the hang of it
nice
[07:29 am] ltacher : in SOHU
[07:30 am] ltacher : stop out on SOHU
[07:32 am] leo : Kris are you still holding
DANG long?
[07:35 am] mhaus : SIX
[07:35 am] ltacher : I like that FRO short
kris are you adding to your position
[07:35 am] lightning : watching TSL for a
possible short
[07:35 am] joeytsa : SIX just had a monster
drop
[07:36 am] sonorant : any chance you can put
up SPY on the screen?
[07:36 am] junior : stopped out last piece
TIN…thanks Brent!!
[07:38 am] ltacher : I should hold little
longer TDC
[07:39 am] rusty : TIN getting oversold
[07:39 am] ltacher : SOHU moving up nice
[07:39 am] ltacher : I got stopped out not
chasing it just watching it how it behave
…
[07:40 am] ltacher : AA moving higher good
sing for the market
[07:40 am] junior : SNDK looking good Kris,
thanks
[07:40 am] joeytsa : TNA trying for
hod[07:40 am] doji : TIN acting weak in
rally
[07:42 am] joeytsa : TIN was a beautiful
short
[07:42 am] junior : out 1/3 sndk[07:43 am]
ltacher : we are having a good day Thanks
G-D yesterday was so difficult to trade ..
[07:44 am] mhaus : BIDU also had a steady
climb
[07:44 am] ltacher : I think is because i
came late to the trading room
[07:44 am] anthonyb : I thought yesterday
was easier. lol[07:45 am] joeytsa : 2 wins 1
loss…see ya after breakfast
[07:46 am] mhaus : watching IDCC for a
short. Still too strong for me
[07:46 am] mhaus : GS
[07:47 am] ltacher : are we ever getting
back to the 12000 ‘s in the DOW
[07:48 am] mikewd2 -: let’s try to get 11000
first Itacher[07:48 am] mhaus : HMIN
[07:49 am] mikewd2 -: is there new news on
TIN? the paper mill incident was a few days
ago
[07:49 am] eyes-inthenow : i would say very
weak bounce
[07:50 am] ltacher : sohu is rocking rolling
I am just waching it
[07:52 am] rusty : TIN has litigation
news
[07:53 am] ltacher : Super Nice Trade Kris
..
[07:55 am] anthonyb : with what service/
[07:55 am] anthonyb : Kris, Do you have
alarms set for stocks ready to breakout or
breakdown?
[07:56 am] anthonyb : I would like some help
with that, any possibility in some
help/coaching?
[07:58 am] rusty : I’ll bet TIN reconsiders
if IP calls them today
[07:58 am] mikewd2 -: based on trading TIN,
I’m getting very fond of STOPS! one of my
weakness before trading here.
[07:58 am] junior : thanks Mitch…no wonder
its tanking so hard
[07:58 am] rusty : TIN rejected a 3.3B
takeover bid by IP last month
[07:59 am] qwert : fro finally made a new
low
[07:59 am] mikewd2 -: IP made some other deal
today with another company, i think
[07:59 am] mikewd2 -: don’t think it was a
buyout though
[08:00 am] mhaus : TIN Turning
[08:03 am] anthonyb : I’m done for the day
guys. thanks for everything. Tough day for
me, but discipline was good. Just had some
stops a little too tight. Still not a
terrible day. See you all tomorrow.
[08:04 am] junior : see ya anthonyb….it is
a learning process for sure
[08:05 am] anthonyb : I’ll never stop
learning
[08:06 am] junior : would PANL be a good
short here? Or is it too late
[08:07 am] rusty : EQIX radar
[08:07 am] ltacher : Liking FRO
[08:08 am] junior : OK thanks Kris
[08:13 am] stevemld : GMCR strong today
[08:19 am] candelas : thx guys for Tin out
20.20
[08:20 am] mikewd2 -: SODA new lod[08:22 am]
ltacher : Kris are you still short ESRX
[08:24 am] rusty : BAC debt upgraded by
JPM
[08:24 am] ltacher : Kris are you still
Short FRO
[08:26 am] rusty : covered EQIX scalp
[08:26 am] qwert : i am sloooooow mover
FRO
[08:27 am] dan : nice TIN . in 19.1 1/2 off
20.59
[08:28 am] ltacher : thank you kris I cover
my short on FRO
[08:31 am] mhaus : Kris, what are your
targets for DANG?
[08:32 am] mhaus : close. I had set mine to
7.25
[08:34 am] rusty : NENE early radar for a
short swing….thin stock
[08:34 am] neuronx : Kris you r out on
GMCR
[08:36 am] ronfrac : kris what is your stop
on ann[08:36 am] neuronx : CHKP out?
[08:37 am] neuronx : Kris so stops for all
1%>?
[08:38 am] mhaus : =< 1%
[08:39 am] mikewd2 -: SPY hod[08:39 am] doji
: I am back… see TNA posted here. Is it
wise to buy it here at 38?
[08:39 am] doji : for swing
[08:40 am] ronfrac : Kris; when do you add
to a position?
[08:40 am] ltacher : lst do it ANN
[08:41 am] mikewd2 -: yes, but at a lot
higher price
[08:41 am] mhaus : OIS
[08:41 am] doji : Anyone long in TNA?
[08:42 am] mikewd2 -: i have some TNA, but
avg price is much higher than current
price
[08:42 am] doji : Mikewd2, don’t
understand
[08:43 am] mikewd2 -: 40.22
[08:43 am] mhaus : Mike, are you asking if
anyone still under water with TNA? 😀
[08:43 am] doji : Ah, OK, and may I know
what is your average is you don’t mind
[08:44 am] mikewd2 -: my original was around
36 sold out at 48, then started buying
back
[08:44 am] mikewd2 -: doji, asking
[08:44 am] lightning : I seem to be having
more trouble getting shorts at Lightspeed. Am
I just imagining it?
[08:44 am] doji : I got TNA at 36 and sold
at 38.5…. I should have held it!
[08:45 am] mikewd2 -: as it has fallen
[08:45 am] mhaus : PANL
[08:45 am] joeytsa : lightning..i noticed
today that SINA was on the “H” list..usually
on the “E”
[08:45 am] doji : Now trying to re-enter TNA
but afraid of a reversal
[08:45 am] doji : Cannot short JKS with TDA
dam….
[08:46 am] rusty : VRA radar
[08:46 am] mikewd2 -: nice call on JKS, Brent
– but no shares
[08:46 am] junior : no shares at IB
either
[08:46 am] doji : What platform are you
using Mike?
[08:46 am] doji : I’ll switch to Lighspeed
before the webinar
[08:46 am] candelas : thx for JKS
[08:47 am] qwert : no shares at lightspeed
jks[08:47 am] mhaus : LOL
[08:47 am] doji : Candelas, where did you
get JKS to short?
[08:47 am] doji : Candelas, may I send you
an e-mail and ask for your feedback on
Tradestatation?
[08:47 am] candelas : tradestation[08:47 am]
candelas : i did
[08:48 am] joeytsa : If more stocks are
showing up as ‘no shares for shorting’, are
they expecting a drop?
[08:48 am] doji : I see tradestations’s
trading platform being similar to TOS so
having your input will help me to decide
which way to go
[08:50 am] ltacher : FTNT trading just above
200 ma
[08:51 am] vans : Thanks for ANN
[08:52 am] ltacher : Kris are you out on
FTNT
[08:52 am] ronfrac : kris Ann into 3/9
resistance
[08:53 am] lightning : watching DECK for a
short opportunity
[08:55 am] lightning : I want to see DECK
over 79.50 first though
[08:56 am] rusty : PANL lod[08:57 am]
ltacher : Price Target GMCR kris ?
[08:58 am] ltacher : I see it ..nice thank
you
[09:00 am] rusty : re TIN
[09:00 am] rusty : INTERNATIONAL PAPER SAYS
`PREMATURE’ TO SPECULATE ON OFFER
[09:00 am] ronfrac : HIBB breaking out
[09:00 am] mikewd2 -: thanks for feedback
candelas. I think you made my mind up, i was
leading that way
[09:00 am] lightning : yes, I am still long
HANS
[09:00 am] klas : stop out Hans
[09:00 am] candelas : i will send u my
contact as well
[09:03 am] ronfrac : out ANN.
[09:04 am] gecko : markets doing a little
noon dip but bet they plow ahead
[09:04 am] doji : Candelas, I sent you an
e-mail…. thanks in advance for your
input.
[09:04 am] gecko : may take it to the ema 50
1m
[09:04 am] gecko : 11.59 was good time to
short soda
[09:05 am] candelas : just responded
Doji[09:07 am] mhaus : Candelas, could you
please also send me your thoughts on
Tradestation? [email protected]
[09:07 am] ltacher : out on FTNT
[09:07 am] candelas : sure
[09:12 am] ronfrac : RUT just gapped up
[09:16 am] ltacher : I am in FNSR 16.18
[09:21 am] lightning : watching DIS to see
if it will break below 31.50
[09:22 am] doji : Got TNA at 38.5, out
39.0….
[09:23 am] ltacher : my target in each trade
is .30c I am happy ..
[09:24 am] ltacher : you made .50c wow good
job
[09:26 am] rusty : JP Morgan may take over
Bank of America $JPM $BAC
[09:26 am] rusty : per 24/7 Wall Street
[09:27 am] ltacher : I think BAC has a lot
of issues with their Mortgages acquiring
Country Wide bad moved of BAC to do that ..is
being suffering ever since
[09:28 am] vans : ann may move up from
here
[09:28 am] lightning : JPM would also get
Merrill Lynch, which is still an attractive
piece.
[09:28 am] candelas : I’m sure if that
happened it would be because the Treasury put
the deal together
[09:29 am] lightning : It may be the ONLY
attractive piece of BofA[09:30 am] vans :
ffiv consolidating at support
[09:30 am] rusty : BAC defending itself
regarding Blodget’s accusations
[09:31 am] ltacher : let’s do it FNSR
[09:36 am] eyes-inthenow : GLD
[09:37 am] mikewd2 -: AGQ down 15 from
hod[09:37 am] rusty :
http://247wallst.com/2011/08/23/jp-morgan-may
-take-over-bank-of-america/#ixzz1Vryt84KZ
[09:38 am] ltacher : I need a good Divident
Stock just to hold for couple month ..
[09:38 am] lightning : HANS making new highs
again
[09:38 am] joeytsa : yeah mike..big AGQ
drop
[09:39 am] ltacher : GLD dropping H 183.82 L
180.02
[09:40 am] vans : FFIV worked great off the
line, still going
[09:41 am] doji : Trying to catch TNA
again…
[09:41 am] doji : It seems that every time I
sell it goes higher
[09:42 am] mhaus : Kris/Mitch, what should
be a good target for TNA? My entry is at
38.66
[09:42 am] ltacher : rusty nice link thank
you..I think the Idea JPM BAC sounds terrific
but the problem with that both banks are
facing the same problem Toxic mortgages
..[09:42 am] doji : Let’s see if it reverses
before the close
[09:43 am] vans : what is target for FNSR
[09:43 am] vans : Don’t know why, but my
trade plans are executing today, Sure is nice
not having to watch all the trades.
[09:43 am] mikewd2 -: shouldn’t our long term
on TNA still be 60-65, or has that changed
with this recent fall?
[09:43 am] mhaus : my current target is set
at 40
[09:44 am] vans : What is target for FNSR
[09:44 am] mikewd2 -: TNA trading in a nice
upward channel over last couple hours
[09:44 am] doji : Kris, Mitch, any thoughts
on TNA if it’s still a swing candidate?
[09:46 am] mhaus : so I limit my account
balance and my exposure
[09:46 am] mhaus : Mike, I usually don’t
hold over a week. I usually withdraw my
profits for the house expenses.
[09:47 am] mikewd2 -: that is very smart
mhaus especially in this type of market. I
would be much better off if i did that
[09:50 am] qwert : no shares RL for short at
lightspeed[09:50 am] mikewd2 -: Brent, is
Mitch still in? We need some advise on TNA
swing
[09:50 am] joeytsa : Mitch has a rule on
taking profits
[09:53 am] mhaus : Mitch, I see UPRO and
TQQQ
[09:54 am] rusty : BAC: Blodget report is
off by a factor of 10 and he is making
exaggerated claims
[09:54 am] mikewd2 -: Mitch, in your
experience – do you see small, mid or large
cap will be the first to recover from
this?
[09:55 am] mikewd2 -: I only have TNA and a
pretty hefty position
[09:57 am] duckfan : Mitch, do you suggest
taking a long position today in these ETFs,
or waiting for a pullback
[09:58 am] mikewd2 -: I read your report
every day, and know i did wrong!
[09:59 am] ltacher : I am Trading UPRO
[10:00 am] mikewd2 -: so I’ve been pretty
much on the side except for a few day trades,
which I’ve done well
[10:00 am] ltacher : watching TQQQ and TNA
they move very fast ..waiting ..sand to
settle ..Mitch
[10:02 am] mikewd2 -: also remember I did
well on the first run from 36 to 48, so
overall I’m still pretty good on TNA
[10:04 am] mikewd2 -: One last question
Mitch, what maximum percentage of your
available funds would you put into any one
stock for a long term gain.
[10:04 am] doji : Mitch you are right, that
has happened with me, only one trade erased
all my profits… too greedy
[10:06 am] doji : Has anyone taken TNA at
this price now 39.75?
[10:07 am] doji : I can’t see anything on
the application sharing window
[10:08 am] Mitch K: doji, your window is
blank?
[10:08 am] ltacher : I am very tempting to
trade it will wait till tomorrow Mitch report
tonight ..
[10:08 am] doji : Yes Mitch
[10:09 am] Mitch K: you exit on the blue
circle with white X on upper right and click
on the refresh option
[10:09 am] mhaus : Mitch, I have IB. So do I
sign up for Esignal through IB or let Esignal
know that I am with IB?
[10:09 am] doji : did twice, same results,
will do it again
[10:10 am] Mitch K: mhaus, there is some
electronic registration that goes on, i can’t
remember, call esignal service and ask
[10:10 am] mhaus : will do. I just signed up
for a 30 day free trial this weekend with
eSignal.
[10:10 am] mhaus : Doji, I see the TNA
chart
[10:10 am] doji : Still don’t see
anything
[10:13 am] ltacher : dogi F5 key would
refresh
[10:13 am] candelas : taking 3/4 off RL
129.06
[10:14 am] ronfrac : Mitch: Have you ever
used IBD’s Stocks on the move” INTRAday?
[10:14 am] candelas : talk about slooow
motion
[10:14 am] Brent : lol, ummmm nice entry
Candelas
[10:14 am] candelas : avg. price short RL
130.11
[10:15 am] mikewd2 -: GMCR has been a gold
mine today
[10:15 am] junior : in there with you
Candelas at 130.14
[10:15 am] candelas : nice Junior
[10:15 am] Brent : I knew Candelas was slow
on the trigger, nice Junior
[10:16 am] junior : thanks only one share
though, I learn from the best
[10:16 am] gecko : where is randall? he
usually comments on those
[10:16 am] candelas : LOL
[10:16 am] candelas : Junior got my fill
[10:16 am] candelas : how is that
[10:16 am] Brent : lol[10:17 am] qwert : no
shares at lightspeed 🙁
[10:17 am] joeytsa : ronfrac : i don’t use
the ibd stocks on the move, but each night i
get an email from the Canslim report of
stocks hitting 52wk highs..it also tells you
how much volume and how many times in the
past 60 days the stock has made the list
[10:17 am] Brent : wut ar yuu tocking abowt
gecko?
[10:18 am] ltacher : JOYG new high ..
[10:22 am] mhaus : HANS has been having a
good run
[10:22 am] lara : Mitch, I’ve read that the
current market strength is because markets
expect Bernanke to announce QE3 on Friday,
and markets will drop hard if he doesn’t.
What do you think of this?
[10:23 am] joeytsa : it’s a possibility
lara[10:24 am] leo : PMC tanking
[10:24 am] junior : stop out last piece of
RL .45….now of course it will break down
[10:24 am] joeytsa : it would make you think
that gold would do well either way
[10:26 am] junior : you still short RL
Candelas
[10:26 am] candelas : yep, losing
patience
[10:27 am] lightning : watching HGSI for a
drop
[10:27 am] junior : yes but you have good
patience!!!
[10:27 am] joeytsa : the ES on a slow
downturn since we entered the ‘death
zone’…might be setting up for a move higher
for the end of the day
[10:27 am] candelas : that why I’m doing a
Brent, let mkt stop last 1/4
[10:28 am] qwert : what is the death
zone?
[10:28 am] ltacher : anybody is Shorting
EUR/USD
[10:28 am] junior : Brent, thanks for
RL!!!
[10:29 am] joeytsa : sorry qwert : old Gary
Smith term for the 1pm-2:30pm est timespan
[10:29 am] joeytsa : smith said that this
was the time where the market tends to trade
counter from the overall direction
[10:30 am] ronfrac : Mitch: U use 10,8,7,
for STOC on TNA vs standard 14,3,3. Is that
because of the 3X leverage. It certainly
pin-points turning points
[10:30 am] joeytsa : thinking was that
weaker hands get shaken out too early and
stronger hands add to their positions
[10:38 am] ltacher : doji yes
[10:38 am] gecko : bernakes getting a
spanking?
[10:38 am] doji : Bernake’s speaking on
Friday, right?
[10:40 am] ltacher : nice trade candelas
[10:40 am] candelas : stopped last 1/4 RL
[10:41 am] junior : nice one candelas
[10:41 am] lightning : finally out HANS.
+3.25
[10:43 am] ltacher : wow + 3.25
incredible
[10:44 am] junior : Thanks Mitch!! I have a
tendency to set my stop too tight when I
adjust it. That is what happened on RL. Left
a lot on the table with stopping out too
early with last piece
[10:45 am] ltacher : Time goes fast with you
guys .and profitable
[10:45 am] ltacher : big spike SODA
[10:45 am] junior : great trade
lightning!!!
[10:46 am] mbear : I did Mitch, plus .58
[10:46 am] lightning : no
[10:46 am] Kris : lol[10:46 am] Kris : I hope
he was able to get out of RL
[10:46 am] Kris : has anyone heard from
candelas today?
[10:46 am] doji : I was on the e-mail 1 hr
ago with Candelas
[10:46 am] candelas : I’m here
[10:46 am] Brent : I was wondering if he ever
stopped out the last 1/4 on RL
[10:46 am] Brent : He’s been awfully quiet
[10:47 am] lightning : lol[10:47 am] Kris :
lol[10:47 am] Kris : is this thing on?
[10:47 am] candelas : RL
[10:47 am] candelas : i know Kris muted me
today
[10:47 am] Brent : oh good
[10:47 am] candelas : yep last 1/4 was
stopped
[10:48 am] Kris : now Mitch on the other
hand
[10:48 am] Kris : I would never do that. I’m
too nice.
[10:48 am] candelas : jeez
[10:49 am] ltacher : SODA moving up
[10:50 am] Mitch K: funny rusty,
[10:50 am] lara : I agree! Would like more
training than just Adriano’s CD. Not getting
consistent results.
[10:51 am] vans : Then I’m in the right
spot
[10:51 am] rusty : GS lod[10:51 am] Kris :
this is the room eyes
[10:51 am] junior : you are with your peers
here eyes
[10:52 am] mbear : LULU running today
[10:52 am] lisas : Holy cow, I think we just
had an earthquake in Virginia
[10:52 am] Kris : eyes, you know trading, I
think you just have a problem with
discipline.
[10:52 am] candelas : we did,
[10:53 am] ltacher : very small one
[10:53 am] ltacher : North Corolina just had
earth quake
[10:53 am] lisas : Where in NC ltacher?
[10:53 am] lara : Well, big for Virginia!
[10:53 am] doji : BAC tumbling
[10:53 am] candelas : you felt it also and
ur 2 hours from me
[10:54 am] mhaus : TNA tanking
[10:54 am] ltacher : SODA back to 34
dollars
[10:54 am] lisas : Where are you lara?
[10:54 am] lisas : did you see tna, maybe a
bomb?
[10:54 am] lara : Fort Valley, in the
northern Shenandoah Valley.
[10:55 am] lara : felt up to Boston
[10:55 am] lara : earthquake 5.8
[10:56 am] lisas : News hitting wires that
dc hit by earthquake, felt al the way to
NY
[10:58 am] qwert : was that spike down on
spy just because of earthquake?
[10:58 am] rusty : 5.8 earthquake hits
Virginia
[10:59 am] Kris : what’s that eyes?
[10:59 am] eyes-inthenow : that is what i
mean KRIS
[10:59 am] eyes-inthenow : I bought Tna
36.01 out 36.21
[11:00 am] Kris : it will force you to have
more patience.
[11:00 am] Kris : break up your exits. set a
rule to only exit your last piece of your
position via a stop.
[11:00 am] Kris : and stop looking at the
money for god sakes!
[11:00 am] eyes-inthenow : That I see the
trades but get out way to soon
[11:03 am] sonorant : Lara, what training CD
did Adriano do, and where did you get it? I
have training CDs from Mitch, but not from
Adriano. I will take all the help I can
get!
[11:03 am] Mitch K: stevemld, the swing
trades is scheduled to be introduced October
31st but we are behind schedule. Dec 1st is
more realistic
[11:04 am] vans : Yes Lara, please post, I
would like also
[11:05 am] Mitch K: 503-650-6436 is service
phone number, ask them about any dvd sets or
other training, coaching, etc.
[11:05 am] Kris : we still have the oil
futures course available mitch?
[11:05 am] Kris : I thought we did
[11:06 am] Mitch K: yes
[11:07 am] vans : I find that t he 15 min
chart tells me which direction to play, the 3
min tell me about when to enter, and t he one
min makes me panic and get out too soon.
LOL
[11:07 am] mhaus : PANL
[11:07 am] junior : looks like PANL bounced
right off of support
[11:08 am] stevemld : LULU like GMCR very
strong today
[11:08 am] junior : TRH…thin though
[11:10 am] lara : Epicenter of 5.8
earthquake in Mineral, VA, 90 miles south of
D.C.
[11:11 am] candelas : u still here Lisa
[11:12 am] lightning : ETR alert
[11:12 am] duckfan : Watching GS
[11:15 am] ltacher : I thought we got all
the bad new s out the way ..we forgot natural
disasters
[11:15 am] lisas : yes, candelas, getting
calls from family to see if we are ok
[11:16 am] ltacher : lisas are you NC ?
[11:16 am] lisas : really, my land line is
working
[11:16 am] lisas : but saw the news that
cells were down, who do you have?
[11:16 am] candelas : sprint
[11:16 am] candelas : good, cell phones
still dead
[11:17 am] ltacher : etr short or long
[11:17 am] lisas : It was centered in
Mineral, VA, nearer to you than us
[11:18 am] mbear : L ETR 61.20
[11:22 am] vans : Thanks Lightning ETR
[11:23 am] lightning : glad you got it
Vans
[11:24 am] vans : Stopped pn first attempt,
Made it up plus some on second
[11:24 am] stevemld : LULU toppy
[11:24 am] lara : CNN reported cell service
out in NYC, for heavens sake! Not a good
idea to give up your land line!
[11:24 am] candelas : nice call Mk
[11:25 am] neuronx : Light earthquake in NY
>
[11:25 am] mbear : L ETR 61.20 out
61.92…thanks for the call Mitch
[11:25 am] ltacher : mbear nice trade
there
[11:25 am] junior : nice mbear[11:25 am]
candelas : that’s 4 sure
[11:26 am] joeytsa : nice trade mbear[11:27
am] vans : mbear, was it a first attempt
entry on etr, how did you get the bottom so
close?
[11:29 am] mhaus : look at AGQ drop
[11:30 am] mbear : s ETR 61.81
[11:31 am] sonorant : Great coaching
Mitch!
[11:31 am] vans : l tzn 53.06
[11:33 am] someshdeswardt : look at tin
go!
[11:34 am] ltacher : UPRO back to 49
[11:35 am] ltacher : ETR still a short from
here ?
[11:35 am] derns : Mitch..I am out of TNA,
TQQQ, UPRO…what are your thoughts on a
swing trade at this moment?
[11:36 am] rusty : Gold falling fast
[11:36 am] Mitch K: i posted that earlier
derns, look about 90 min ago
[11:36 am] mhaus : I usually trade 2 hours
and study the rest
[11:36 am] junior : an hour or so
[11:36 am] candelas : 6 hours on weekend
[11:36 am] candelas : 2hours per day
[11:36 am] lisas : I probably study about
3/4 hours
[11:37 am] joeytsa : 2 hours during the
week, 3-5 on sat and sun
[11:37 am] qwert : avg. 2-3 hours per day
[11:37 am] qwert : plus always reading
something
[11:37 am] derns : Mitch..got …build small
positions.
[11:37 am] candelas : so 16 hours/ week
[11:38 am] ronfrac : Mitch:Does staring and
analyzing stock during the trading day count
as studying?
[11:38 am] ltacher : few hours a day ..I am
actually leaning Elliot wave ..still learning
about it
[11:39 am] rusty : why study, just give
Mitch your account #’s
[11:39 am] mhaus : That’s what I do
(mostly)
[11:39 am] lisas : Keep trying rusty, let me
know when it works!
[11:40 am] candelas : I use to study more
per day at critical point it was 6 hours /
day
[11:40 am] candelas : but reduced once I got
real consistent and light came on
[11:41 am] sonorant : I am reviewing and
studying about 75% of the trading day plus a
little more after the bell. But this may go
down once I learn my platform. I always try
and go back and review the early morning
calls against the charts when I have a chance
— your including the trading room
transcripts in the Stock Report helps with
this in case I missed doing it earlier in the
day.
[11:41 am] ltacher : Mitch I have all my
charts Automeate with all Pivot point .. is
that good ..
[11:41 am] joeytsa : weekend study is geared
towards swing/int/longer term ideas and
overall market conditions
[11:41 am] candelas : and another 1 hour per
day working on mental
[11:42 am] sonorant : Mitch, what on earth
are you studying? You have been doing this
for a very long time.
[11:42 am] qwert : candles what are you
doing for mental
[11:42 am] joeytsa : always something to
learn
[11:43 am] ltacher : I am very concentrated
in working with my discipline an habit s
[11:43 am] joeytsa : Mitch..i just go into
the bathroom 🙂
[11:43 am] joeytsa : hard part is avoiding
the ” too much analysis leads to paralysis”
syndrome
[11:43 am] candelas : I meditate on
decisions, my rules, quickness,
decisiveness
[11:44 am] tennisball : Mitch, I review all
during the market hours after about the first
two hours and in the evening with thoughts
toward the next trading day. Progressing
right along. NOW i REFER TO YOUR STOCKS YOU
GUYS ARE WATCHIN AND RATHER COMFORTABLE WITH
MOVING ON MY OWN WITH THOSE.. tHANKS FOR
ALL.
[11:44 am] qwert : thanks candelas
[11:44 am] candelas : also I meditate on
different setups of charts in my head and
what I would do
[11:45 am] ronfrac : Mitch: To quote my wife
“I just go and do my own thing.” You do
yours!
[11:45 am] qwert : I’ve been studying so
much i am dreaming about chart patterns
[11:45 am] Mitch K: that’s a good sign
qwert[11:45 am] joeytsa : candelas…pattern
recognition?
[11:45 am] candelas : yes Joey
[11:46 am] rusty : I’ve been studying charts
so much, I called my wife TZOO by accident
when we were fooling around the other day
[11:46 am] qwert : good because it happens
all the time
[11:46 am] joeytsa : i do it in every
area….you can get rich just by doing 1
thing really well
[11:47 am] Mitch K: wrong ltacher[11:47 am]
Mitch K: oh, that’s too funny
[11:47 am] Mitch K: lol, good one rusty
[11:47 am] ltacher : Mitch but is easier to
follow you guys I don’t need to study ..
[11:47 am] joeytsa : your rules went
parallel to my rules
[11:47 am] joeytsa : exactly Mitch..that’s
what i loved when i joined TSA…
[11:48 am] ronfrac : Anybody have a target
for the RUT/TNA for today?
[11:48 am] Mitch K: ltacher, you want to know
why something is happening in the market
[11:48 am] mhaus : I have set my target for
40 for TNA
[11:48 am] joeytsa : ltacher…learn to
fish, don’t rely on someone giving you that
fish
[11:49 am] Mitch K: ronfrac, if TNA makes new
highs over 39.83, let it keep running, don’t
arbitrarily sell at 40
[11:49 am] ltacher : but is incredible how
you guys trade ..is going to take me another
30 years to learn that
[11:49 am] derns : CNBC is talking about
reacting to circumstances after an event like
the EQ..should have looked into insurance
companies, etc.
[11:50 am] ltacher : I bought AA last night
at 11.32
[11:50 am] ronfrac : Mitch: Based on market,
would you do a swing trade in TNA today?I bot
on earthquake@ 38.78
[11:51 am] stevemld : HPQ didn’t follow
market up today not a good sign for them
[11:51 am] ronfrac : THX
[11:51 am] Mitch K: ron, i’d look for 42-43
on TNA tomorrow
[11:51 am] ltacher : loving it
[11:51 am] ltacher : big amount …
[11:52 am] mhaus : Thanks Mitch. I bumped my
limit to 42
[11:52 am] lisas : Nuc plants taken off
line, “just to be safe”
[11:52 am] ronfrac : RUT hod 673.7
[11:54 am] ltacher : waching DZZ Cons…
[11:54 am] ltacher : this is the inverse to
GOLD if GOLD goes down DZZ goes up and
Viseverse[11:54 am] lisas : look at the
chart for Dominion power D
[11:55 am] gecko : markets getting close tp
breaking 1.01 high
[11:56 am] gecko : 1.01 reversal brought spy
down to ema 200 5m
[11:56 am] gecko : watch soda
[11:57 am] gecko : did double hit there and
then up
[11:58 am] qwert : mitch can you tell me
where you would place a stop on orly swing my
entry is 59.89
[11:58 am] mhaus : I quit TQQQ early at
57
[11:58 am] gecko : there soda goes
[11:58 am] gecko : classic kris trade
[11:58 am] gecko : break support boom
[11:59 am] stevemld : LULU
[11:59 am] ltacher : thank you mitch[12:00
pm] qwert : currently have the stop on orly
just under 61.00
[12:01 pm] ltacher : ye ha TNA in the
40th
[12:02 pm] mbear : out ETR short break
even
[12:02 pm] ltacher : aapl 370 incredible
[12:03 pm] ltacher : making a killing with
AA
[12:03 pm] joeytsa : good lesson Mitch…on
swing/int trades , even though i would trade
off the daily chart, i looked for conviction
on the weekly and sometimes even the monthly
charts
[12:04 pm] vans : Darn, forgot to raise my
fixed profit on TNA, Just triggered
[12:04 pm] ltacher : go UPRO TNA
[12:05 pm] joeytsa : p&f charts give
an interesting look also tune out a lot of
the market noise
[12:06 pm] ronfrac : Mitch: Changed to
Intrady,15 min,30 min, and RUT intraday
charts. Certainly gives a better pix.
[12:06 pm] Mitch K: qwert, just realize that
on ORLY, O’Reilly Automotive that the
indicators are at the top of their channel,
all the oscillators and fairly soon they
should start turning down, giving you a sell
signal
[12:06 pm] Mitch K: ok good ron[12:08 pm]
vans : Thought TZA would sky out. Market
has no sellers yet
[12:08 pm] qwert : thanks mitch[12:09 pm]
Mitch K: guys, start looking at daily charts
more often and realize there is a lot of
buying pressure there. You are looking at
scalping charts
[12:09 pm] ltacher : wow everything looks
green wow
[12:09 pm] ltacher : is so healthy markets
exploding incredible
[12:10 pm] Mitch K: so to calm the emotions
like ltacher is having, use longer term
intervals, it calms you down
[12:10 pm] ltacher : Mitch TNA is flying
[12:10 pm] ltacher : loving it Mitch
[12:11 pm] vans : a perfect bounce twice in
a row off 42 cent line
[12:11 pm] ltacher : I am excited ..seeing
green for the first time in few weeks
[12:11 pm] derns : Mitch…I looked at BAC
on the 15 and 30 min charts..it looks good.
Can you offer your view?
[12:12 pm] ltacher : BAC ready to die ha..
Mitch
[12:12 pm] lisas : lol Mitch
[12:12 pm] lightning : what do you really
think of BAC
[12:12 pm] joeytsa : but otherwise it looks
great haa[12:12 pm] eyes-inthenow : How
about MGM Mitch
[12:12 pm] derns : ok…I will run…thx
[12:14 pm] rusty : especially the closer u
get to closing time
[12:14 pm] ronfrac : Should see some profit
taking into the close
[12:15 pm] mhaus : CHTR
[12:15 pm] lightning : LOL, persistence was
his excuse? Maybe blindness could have
been.
[12:15 pm] derns : Mitch..you’ve just
described one of my weaknesses!
[12:16 pm] vans : I wear special glasses
with lenses engraved in front of my eyesite ”
Are You Sure”
[12:16 pm] ltacher : Mitch how do you see
Gold trading this few days ..thanks
[12:18 pm] ltacher : mbear are you till
holding ETR
[12:18 pm] doji : Look at TNA, went over
40…
[12:21 pm] ltacher : alot of Short covering
poor Bears
[12:23 pm] tennisball : YES
[12:23 pm] qwert : yeah
[12:23 pm] ltacher : very nice analogy helps
you not to lose money but to make it..
[12:23 pm] derns : yes…I’m listening…at
stop sign
[12:23 pm] candelas : y
[12:24 pm] ltacher : My father use to tell
the profit is not in how to buy but when to
buy it.
[12:24 pm] joeytsa : agreed Mitch..price can
tell a lot
[12:25 pm] derns : got it…
[12:26 pm] ltacher : Mitch any advise
controlling self emotions conditions ..
[12:27 pm] joeytsa : weekly chart of GS
shows a steady down move all year
[12:27 pm] doji : Mitch, sorry but still
just see blank on the application sharing
window…
[12:28 pm] storage : blank on window also
?
[12:29 pm] Mitch K: refresh by exiting and
clicking refresh, or reset computer works.
the top comments should still be there
doji[12:29 pm] doji : I did all that twice
Mitch, the problem persist
[12:31 pm] Mitch K: ok doji, what is your
latest Adobe flash version you are using?
download latest one
[12:31 pm] doji : OK, I’ll try that
[12:32 pm] sonorant : Mitch, thanks for the
analogy. Also, thanks for letting me off
the hook on heavy duty research into
companies!
[12:32 pm] joeytsa : i have found
fundamental analysis mainly a waste of
time…i used to read all of that, too much
wasted time
[12:32 pm] candelas : Doji currently no
charts are up
[12:33 pm] Mitch K: oh, lol, sorry about
that
[12:33 pm] joeytsa : give me a chart and a
“reason” for a stock move and i can make a
decision
[12:33 pm] doji : Have Flash Player 10
[12:34 pm] rosmag : i have TNA & ETR
up on the screen
[12:34 pm] joeytsa : my crystal ball is the
nyse bpi p&f chart
[12:34 pm] candelas : are u able to see
comments Doji cuz no charts are up
[12:34 pm] doji : Version 10.3.181.34
[12:35 pm] sonorant : I have TNA &
ETR on screen also
[12:35 pm] gecko : mine just spinning
[12:35 pm] doji : Yes I see all comments and
only the revolving stick in the Application
Sharing window, no plots
[12:35 pm] doji : Sama as Gecko
[12:35 pm] candelas : I have the most up to
date also
[12:35 pm] candelas : guess I have to
refresh as well
[12:36 pm] mhaus : TNA and ETR here
[12:36 pm] gecko : looks like soda 11.59
short at 35.50 ended at 32.50
[12:37 pm] candelas : nada
[12:39 pm] mhaus : Mitch, on my chart for
SPY I see a BIG block sell at 3:20P. Would
that be an actual sell or a chart
correction?
[12:39 pm] gecko : mhaus are you talking
volume at 3.20?
[12:40 pm] mhaus : yes
[12:40 pm] mhaus : the spike, price drop
from 115 to 112
[12:40 pm] mhaus : sometimes some of these
signals don’t make any sense to me
[12:40 pm] gecko : its not on my chart
[12:41 pm] mhaus : that’s what I thought
[12:41 pm] mhaus : Ninja Trader
[12:41 pm] mhaus : I see the same on their
chart
[12:41 pm] mhaus : but that is from TD
Ameritrade, who is my data feed
[12:41 pm] gecko : what charting ru using
[12:42 pm] junior : Thanks for another great
day everyone, see ya tomorrow
[12:44 pm] doji : Mitch, can you please post
any chart so I can check Adobe Player?
[12:44 pm] doji : I just updated Flash
Player and only see the spinning wheel
[12:45 pm] sonorant : MHaus — I am looking
at a Ninja Trader chart of SPY with a TDA
feed, and I don’t see any spike at 3:20 EST
???
[12:45 pm] qwert : charts are there doji
etr, tna[12:45 pm] mhaus : HANS
[12:45 pm] ltacher : mitch you like Gold at
this levels thanks
[12:48 pm] lightning : Thanks TSA and
everyone. Came back from deep red today to
finish in the green…thanks to Kris’ HANS
call. See you tomorrow
[12:48 pm] candelas : nice Lightning
[12:48 pm] Brent : great work Lightning
[12:49 pm] mhaus : Till now it has been good
week and a good month
[12:49 pm] candelas : how u doing Leo?
[12:50 pm] ltacher : anybody is watching
BRFS
[12:50 pm] candelas : it happens Mhaus[12:51
pm] mhaus : love it what it happens like
this.
[12:51 pm] mhaus : just carrying over TNA
for swing
[12:51 pm] mhaus : hope not.
[12:51 pm] candelas : just don’t let it
cloud ur next trades
[12:53 pm] ltacher : TIN Closing at 21.15
[12:56 pm] ronfrac : Will be checking out.
Thx for everything. Must reaDY HOUSE FOR
irene.
[12:56 pm] lisas : Bye Mitch, Thanks!
[12:56 pm] candelas : have a great night
Mitch,Kris,Brent, Traders
[12:57 pm] vision : thanks Mith,
Kris,Brent[12:57 pm] ronfrac : Thanks Mitch.
hjave a good one.
[12:57 pm] lisas : candelas, do you have
your cell service back?
[12:57 pm] doji : Mhaus, what is your entry
in TNA? I just got it at 40.5.
[12:57 pm] candelas : never lost land
line
[12:57 pm] candelas : cell is working now
[12:58 pm] observer : Take care, Kris
[12:58 pm] ltacher : Good night everyone
Mitch Kris Brent thank you all for such a
wonderful day ..traders thank you for your
intakes and persistency lol[12:58 pm]
candelas : some damage not far from me but
thankfully not in my area
[12:58 pm] candelas : quite a bit
[12:59 pm] sonorant : Good night all.
Mitch, thanks for the lessons. Kris and
Brent, I am really liking Ninja Trader.
[12:59 pm] lisas : is the damage in
Richmond?
[12:59 pm] gecko : new highs markets
[12:59 pm] candelas : yes downtown
[01:00 pm] lisas : haven’t seen local news
here, but we don’t have much as far as a
downtown/tall buildings. They don’t have to
build them for earthquakes here, we only
worry about hurricanes
[01:00 pm] candelas : we had some structures
and walls give way
[01:00 pm] candelas : I’m 3 minutes from
downtown
[01:03 pm] leo : Thnx Mitch, Kris, Brent and
all. Today I made a small amount of money for
the first time. But I gained many lessons.
[01:04 pm] lisas : That always feels great
leo, more will come.
[01:04 pm] leo : Candelas, Apple and Lisas,
Thnx for your support.
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