[06:26 am] Brent : Brent : good morning
[06:28 am] Brent : Brent : HGSI, LPS, PIR and
SAI for possible shorts
[06:28 am] Brent : Brent : watching BCE, AUY,
SONE, WEC, JAZZ for possible longs
[06:28 am] Mitch K: Mitch King: market looks
slightly bullish on the jobs numbers but
scalps should do well both ways today, long
and short
[06:32 am] Brent : Brent : watching X for a
bounce
[06:33 am] Mitch K: Mitch King: quick short
on FFIV
[06:34 am] Brent : Brent : consider reducing
X if you got it long
[06:34 am] Brent : Brent : next target 29.80
area on X
[06:35 am] Brent : Brent : watching AGNC for
a bounce
[06:36 am] Mitch K: Mitch King: looking for
short on top of this bounce of AGN
[06:37 am] Mitch K: Mitch King: same with
SINA, looking for quick short
[06:37 am] Mitch K: Mitch King: SINA has more
momentum so wait little longer
[06:38 am] Mitch K: Mitch King: monitoring
PANL
[06:38 am] Mitch K: Mitch King: top in
SINA
[06:39 am] Mitch K: Mitch King: AGN toppy
[06:40 am] Brent : Brent : watching BRFS for
a short
[06:40 am] Mitch K: Mitch King: BBD tougher
to short for newer people
[06:40 am] Mitch K: Mitch King: looking at
BBD for short
[06:42 am] Mitch K: Mitch King: ATW turning
over
[06:42 am] Mitch K: Mitch King: thin float on
UTIW, looking for short
[06:43 am] Mitch K: Mitch King: looking for
$15 area to cover UTIW
[06:44 am] Brent : Brent : consider reducing
BRFS if you got it short
[06:44 am] Brent : Brent : next target 20.40
area on BRFS
[06:45 am] Mitch K: Mitch King: consider
reducing SINA short
[06:45 am] Mitch K: Mitch King: consider
reducing SINA short probably cover SINA
[06:46 am] Mitch K: Mitch King: there is the
slowly deflating tire in AGN short, consider
reducing
[06:47 am] Mitch K: Mitch King: PPDI not
quite ready but soon
[06:47 am] Mitch K: Mitch King: watching PPDI
for short
[06:48 am] Mitch K: Mitch King: in blue
circle
[06:48 am] Mitch K: Mitch King: see this
here…. its consolidation, i cover any short
here
[06:49 am] Brent : Brent : BIDU at support
[06:49 am] Mitch K: Mitch King: watching LEA
for
[06:50 am] Brent : Brent : next target 20.15
area on BRFS
[06:50 am] Brent : Brent : reduce more
BRFS
[06:50 am] Mitch K: Mitch King: don’t jump in
LEA yet
[06:50 am] Mitch K: Mitch King: let PPDI run
more
[06:50 am] Mitch K: Mitch King: watching LEA
for possible bounce but looks dead…..
IGNORE
[06:52 am] Brent : Brent : careful with AGNC
here if anyone is long. Needs to get
moving
[06:52 am] Mitch K: Mitch King: getting a
bounce in LEA
[06:53 am] Mitch K: Mitch King: PPDI toppy
[06:54 am] Mitch K: Mitch King: watching SPRD
for potential short, let it run
[06:55 am] Brent : Brent : consider closing
BRFS
[06:55 am] Brent : Brent : I wouldn’t enter
AGNC now if you aren’t already in Itacher,
stop us under lod[06:55 am] Mitch K: Mitch
King: monitoring BP
[06:56 am] Mitch K: Mitch King: watching CLF
for bounce, a little anemic so far
[06:57 am] Mitch K: Mitch King: missed OXM
short, still money left in it
[06:59 am] Mitch K: Mitch King: watching for
bounce in GRMN, no buy signal yet, letting it
drop
[07:00 am] Mitch K: Mitch King: lower low on
PPDI short soon
[07:01 am] Mitch K: Mitch King: big spike in
indexes, anyone have news
[07:01 am] Mitch K: Mitch King: ISM
numbers
[07:01 am] Mitch K: Mitch King: ISM
numbers50.6 in AUg vs 50.9 in July, market
interpreting is not as bad as feared so the
spike
[07:01 am] Mitch K: Mitch King: ISM
numbers50.6 in AUg vs 50.9 in July, market
interpreting is not as bad as feared
[07:03 am] Mitch K: Mitch King: i think Steve
Liesman is most useful guy on CNBC
[07:05 am] Mitch K: Mitch King: LEA toppy
[07:06 am] Mitch K: Mitch King: no ltacher,
OXM, I’d close if still short
[07:10 am] Mitch K: Mitch King: you should be
out of LEA
[07:11 am] Brent : Brent : consider reducing
AGNC if long
[07:12 am] Brent : Brent : move stop up to
protect profits on AGNC, it’s a little
sluggish, next target 28.10 area
[07:14 am] Brent : Brent : SPY coming into
support
[07:14 am] Mitch K: Mitch King: here is what
one of my assistants gave me but i was busy,
RCL and TIN short, important to swivel head
and look around at more screens
[07:14 am] Mitch K: Mitch King: it’s what you
are looking for
[07:16 am] Mitch K: Mitch King: hey guys,
when I post a stock idea, like earlier with
something like BP….. you are in charge of
that ok, don’t wait for commentary on every
stock at every key turning point. BP did
have a good bounce but it’s up to you to
sell, ok?
[07:17 am] Mitch K: Mitch King: you should
close GRMN long
[07:18 am] Mitch K: Mitch King: everyone keep
looking for ideas, there is one more cycle of
stock ideas, i feel it
[07:18 am] Mitch K: Mitch King: we get really
busy looking for more ideas so i don’t follow
some of the previous ones
[07:21 am] Brent : Brent : nice call on LQDT
Candelas
[07:22 am] Mitch K: Mitch King: good eye
ltacher, TIN second helping short
[07:26 am] Mitch K: Mitch King: a second
helping short today won’t be as good as
first, mkt bullish
[07:28 am] Mitch K: Mitch King: Monitoring
KSS for bottom, may be awhile later
[07:29 am] Mitch K: Mitch King: gold stocks
dropping, might be worth monitoring this
group
[07:29 am] Mitch K: Mitch King: TIN turning
over
[07:30 am] Mitch K: Mitch King: looking for
maybe 24.65 area on TIN 2nd helping short
[07:32 am] Brent : Brent : watching BCSI for
a short
[07:32 am] Mitch K: Mitch King: lower low on
SP500
[07:36 am] Brent : Brent : watching TNA for a
bounce
[07:36 am] Mitch K: Mitch King: watching BCSI
for short
[07:37 am] Brent : Brent : be quick with
profits on TNA bounce, prob just a quickie
[07:37 am] Mitch K: Mitch King: cancel BCSI
idea, not enough potential
[07:42 am] Brent : Brent : watch BK for a
possible breakout over $21.20 with volume
[07:44 am] Brent : Brent : anyone get TNA
long? look to reduce
[07:45 am] Brent : Brent : SPY bounced off
upper trendline resistance
[07:47 am] Brent : Brent : if you entered
there Itacher, I would book some profit s
here on BK, and look for a breakout
[08:07 am] Brent : Brent : Just a reminder,
things will slow down earlier than normal,
especially heading into this holiday weekend.
We’ve had a good morning. Be selective and
protect your profits
[08:10 am] Brent : Brent : SPY approaching
lod[08:10 am] Mitch K: Mitch King: looking
for a bounce in indexes soon
[08:23 am] Brent : Brent : reduce some here
neuronx on BK, next target 21.75
[08:24 am] Brent : Brent : what’s your entry
on BK neuronx?
[08:26 am] Brent : Brent : ok, nice, booked
some profit at 1%.
[08:26 am] Mitch K: Mitch King: if anyone is
long NNN; consider selling long
[08:36 am] Brent : Brent : ICON alert
[09:08 am] Mitch K: Mitch King: getting a
reversal on BK, should bounce
[09:30 am] Mitch K: Mitch King: no go on BK
bounce. you guys who ask about stop losses,
when you are trying for a long such as BK and
you initially get a buy signal to go long,
you set the stop below that previous low in
case it was a head fake and goes lower. in
the BK case you had 2-3 minutes of a weak
bounce and then a turnover to react soon
enough to close. Ill draw the stop
[09:31 am] Mitch K: Mitch King: so you can
have a limited loss and know you are ok to
pay attention to another stock and get other
positions going. so you don’t have to watch
it so closely
[10:00 am] Mitch K: Mitch King: ok this drop
is important
[10:00 am] Mitch K: Mitch King: why? because
of what usually comes after it
[10:02 am] Mitch K: Mitch King: last two
answers are correct
[10:11 am] Brent : Brent : SPY approaching
lod[10:38 am] Brent : Brent : SPY new lows
[10:42 am] Brent : Brent : SPY approaching
yesterday’s low
[11:26 am] Brent : Brent : I’ve been watching
AUY for a breakout over 16.23 for a few days.
Won’t take it today, but if it stays
consolidating in this area, could be one to
set an alert for
[11:32 am] Brent : Brent : SPY coming into
trendline resistance
[11:55 am] Brent : Brent : nice Candelas, TAM
alert
[12:44 pm] Mitch K: Mitch King: normally I’d
scale something lie LQDT long here but we
only have 15 min left
[12:46 pm] Mitch K: Mitch King: yes doji, but
it’s too late for me
[12:58 pm] Brent : Brent : Have a great night
everyone. See you tomorrow to wrap this week
up
[12:59 pm] Mitch K: Mitch King: later guys
and girls
[12:59 pm] Mitch K: Mitch King: newell you
are all ladies
|
[06:07 am] doji : Hey Candelas, what do you
think of CIEN? Short at the opening?
[06:08 am] candelas : its right at resist
[06:08 am] candelas : possible short
[06:09 am] candelas : good to be flexible
though never think one way on stock
[06:09 am] candelas : so if u short and are
wrong u can reverse the trade
[06:10 am] candelas : yes, it hit
resistance
[06:10 am] doji : It has been dropping from
14.46 at the pre-market
[06:10 am] doji : It has support at 13.5
[06:11 am] candelas : yea it was a better
short around 14.4 plus
[06:12 am] candelas : i will pass
[06:12 am] candelas : nice
[06:12 am] doji : Hey guys by the way, I
went long on TZA an about 3:50PM and close my
position at 3:56… got another small profit
but TZA made my day yesterday!
[06:13 am] doji : Yes Candelas, I’ll pass on
CIEN for now, the market is flat this
morning
[06:31 am] rokh18 : CIEN
[06:32 am] akram : x
[06:33 am] doji : CIEN S, 14, close 13.75
[06:43 am] doji : TZA L 40.3 close 40.65
[06:46 am] akram : agn[06:46 am] doji :
close TZA too early
[06:46 am] doji : SPY next support at
121.3
[06:47 am] apple : thx MK for SINA S 109.00,
out all 107.82
[06:47 am] neuronx : FFIV push through
support>
[06:52 am] doji : AGNC holding well at
27.8
[06:53 am] ltacher : Brent is AGNC trying to
take it long what is your stop
[06:54 am] akram : sprd[06:55 am] anthonyb
: BP
[06:55 am] ferrazzi : PPDI takeover
chatter
[06:56 am] scalpman : Brent got BRFS nice
call..
[06:56 am] truck : good cal
Brent,,,,BRFS[06:57 am] apple : thx B BRFS,
20.77 out 20.18
[06:57 am] neuronx : Mitch still in
UTIW>?
[06:58 am] rusty : ISM on deck
[06:58 am] shark : watch PIR
[07:00 am] apple : TNA just shot up
[07:00 am] leo : TNA alert
[07:00 am] rusty : UTIW light radar…up on
earnings
[07:01 am] duckfan : ism numbers
[07:01 am] rokh18 : NEWS: ECONX August ISM
Index 50.6 vs 48.5
[07:01 am] rusty : ISM 50.6
[07:01 am] terry : ism number was good
[07:02 am] doji : Jaja, quick long in AGNC
27.69 to 27.8
[07:02 am] garyb : Thanks Mitch for LEA!
[07:03 am] garyb : It is rocking!
[07:03 am] junior : out all LEA long thanks
Brent!!!!
[07:03 am] rokh18 : CIEN still going
[07:04 am] derns : Mitch…he does seem like
a clear thinker and communicator
[07:04 am] junior : sorry thanks Mitch for
LEA, your call, good one, was long from
46.11
[07:04 am] ltacher : is OXM still to short
here mitch[07:04 am] stevemld : ANF back to
hod[07:04 am] uptick : I like Rick
Santelli[07:05 am] apple : yes, thx MK for
LEA 46.12 out 47.16
[07:06 am] candelas : it hit right where i
liked 14.57[07:06 am] candelas : doji u get
cien short it
[07:06 am] doji : Yes at the open and closed
1min later
[07:07 am] doji : but watch out
[07:07 am] doji : No I missed CIEN on this
second short
[07:07 am] Mitch K: something doesn’t sound
right with that comment candles
[07:07 am] ronfrac : OUT lea 47.10 in 46.14
THX
[07:08 am] candelas : meant to ask Q
[07:08 am] candelas : oops
[07:08 am] mando : i agree Mitch. Liesman is
sharp & so is Rick Santelli[07:08 am]
Mitch K: nice job ronFRa[07:08 am] Mitch K:
Rick makes a lot of noise, not all useful,
just a lot of emotions
[07:09 am] anthonyb : I’m long CIEN
Doji[07:09 am] doji : Anyone S in CIEN
here?
[07:09 am] sfarrill : he thinks louder makes
him right
[07:10 am] candelas : thx MItch for Panl as
well u mentioned as good swing
[07:10 am] doji : Because I am S with stop
right above hod[07:10 am] garyb : Yes thank
you Mitch…made some nice $$ on LEA
[07:11 am] anthonyb : Doji asked if anyone
is short CIEN I replied with I’m long
[07:11 am] Mitch K: im not following you
anthony, more specific plz[07:12 am] apple :
yes MK, thx for PANL the other day S
[07:12 am] ltacher : Thank you Brent out
half
[07:12 am] sonorant : I went short on Lea
after you said it looked toppy. Out of LEA
short? or long?
[07:13 am] candelas : LQDT
[07:13 am] candelas : plus 5 on Panl, held
1/4 short swing
[07:13 am] gecko : that 10 spike affected
oil also
[07:13 am] leo : Sonorant, your entry price
onLEA?
[07:13 am] ltacher : limit bracket ocs
28.05
[07:14 am] candelas : LQDT ALERT
[07:14 am] shark : PIR coming down
[07:15 am] rusty : SAI radar….watching for
panic
[07:17 am] rusty : ISM’s Holcomb Says Drop
in Orders Starting to Hurt Production[07:17
am] anthonyb : I got long BP and then
shorted the bounce.
[07:18 am] ltacher : at market thank you
mitch Brent I also took RCL short tell her
thank you too
[07:19 am] ltacher : i cover RCL couple
dollar was nice
[07:19 am] rusty : Bove touting BK
[07:19 am] topdogrex : x is bouncing
[07:20 am] anthonyb : I’m still long Doji,
Tight stop
[07:20 am] candelas : aapl u still short
LQDT
[07:20 am] doji : Anthony, I close CIEN S at
14.37
[07:20 am] garyb : TNA over 50 again
[07:20 am] ltacher : watching TIN since we
trade this stock before should fairly easy to
trade it ..awesome
[07:20 am] Mitch K: BK a tough trade, thanks
rusty
[07:21 am] junior : out last piece
AGNC…thanks Brent
[07:23 am] qwert : candles thnx lqdt[07:25
am] ltacher : Junior that was an awesome
trade isn’t good one congrat[07:25 am] rusty
: UTIW
[07:26 am] rusty : Natural gas # on deck
[07:27 am] ltacher : TIN keeps going up yep
..
[07:27 am] skydiver : MOS take over
chatter
[07:28 am] junior : yes ltacher thanks, it
has been a good morning, did you trade AGNC
also?
[07:28 am] rusty : SAI lod[07:28 am] shark
: thanks rusty, I’ll be more ready now than
with ISM #
[07:29 am] eyes-inthenow : S TIN 24.84 100
shares
[07:29 am] uptick : Dick Bove sure pushed up
BK
[07:30 am] anthonyb : okay Doji, I am out my
CIEN long
[07:30 am] doji : S TIN 1000 24. 86
[07:30 am] rusty : UNG pop on nat gas #
[07:31 am] doji : Good job Anthony.. I
always move my stop along with the stock so I
am not caught by surprise if the stock
reverses
[07:31 am] rusty : SAI nlod….bring on some
panic pls[07:32 am] eyes-inthenow : what’s
your stop doji[07:33 am] ltacher : junior
yes I caught it with Brent I was kind of
nervous because i dropped my mouse follow I
made the tradework out very well
[07:34 am] doji : I think the market over
reacted to the ISM number
[07:34 am] mhaus : watching FAZ
[07:34 am] rusty : STMP lod[07:35 am]
anthonyb : LOD for BP
[07:35 am] doji : SPY negative now
[07:35 am] shark : seems like too many big
hedge fund guys are in gold
[07:37 am] rusty : MFA radar
[07:38 am] rusty : LQDT radar
[07:40 am] rusty : ABCP
[07:40 am] rusty : ABCP radar
[07:40 am] rusty : Liquidity Services to buy
Jacobs Trading’s consumer business
[07:41 am] eyes-inthenow : stopped out 25.13
TIN
[07:41 am] mhaus : BAH
[07:42 am] mhaus : HANS turning
[07:42 am] rusty : anyone see news on
ABCP?
[07:43 am] rusty : and probable future
dump
[07:43 am] rusty : no news here on
ABCP…looks like some sort of pump
[07:45 am] cowboyh : I did and I did
[07:45 am] hawaii : thanks brent quickies
are great
[07:45 am] mhaus : out at .70
[07:46 am] ltacher : in BK 28.88
[07:47 am] garyb : Thanks Brent for BK
[07:47 am] ltacher : 20.88
[07:47 am] ltacher : excellent call Brent
thank you
[07:47 am] rusty : ABCP possible legal
settlement
[07:47 am] rusty : MFA lod[07:47 am]
scalpman : I had TNA long….am all out
[07:48 am] ltacher : i did 21.15 awesome I
liked BK i traded it before
[07:49 am] Brent : I like the double whoppers
at BK
[07:49 am] doji : lower low coming?
[07:49 am] doji : SPY lower high again
[07:49 am] garyb : lol Brent
[07:49 am] ltacher : hey 100 here 100 there
it add s up
[07:50 am] Brent : always with cheese
[07:50 am] ltacher : hahahaha love it you
are funny you do have some sense of humor
ha
[07:51 am] Brent : but I switched to single
whoppers as I’m trying to lose another 2lbs
for Kris’s wedding
[07:53 am] eyes-inthenow : mitch when you
get a chance will you give me some feedback
on my tin trade
[07:54 am] ltacher : 21.10 was the trade i
enter to early
[07:54 am] ltacher : DID BK CEO change his
mind to rescind the stock keeps going up
[07:55 am] ltacher : 21:10 vs 20.88 is the
same trade i guess brent[07:56 am] doji : BK
continues on the move up
[07:56 am] mhaus : Need to leave now. Going
on a vacation for the long weekend. Will try
to login tomorrow, if I can sneak away. If
not, see you all on Tuesday.
[07:56 am] Mitch K: later mhaus[07:57 am]
Brent : have an awesome time mhaus[07:57 am]
mhaus : Thanks everyone. Had a good ride on
TNA. It paid for my vacation
[08:00 am] anthonyb : out BP short. My best
one yet
[08:01 am] rusty : SAI bounce
[08:02 am] neuronx : BCE selloff
[08:04 am] garyb : with the positive news
this morning I thought that we would see
more of a positive day today
[08:05 am] anthonyb : I don’t know garyb,
I’m having a pretty positive day
[08:05 am] doji : Me too unless I do
something stupid that erases my profits
[08:05 am] garyb : I’m just saying I thought
there would be a little rally today
[08:06 am] anthonyb : I know what you meant
Gary, I was just being a wise guy
[08:06 am] doji : The rally at 10:00 was
burnt dead
[08:06 am] garyb : I’m positive as well
[08:07 am] anthonyb : I have 2 pigs that I’m
holding, waiting for an exit and I am done
[08:07 am] junior : Thanks Brent, great
calls this morning, appreciate it
[08:08 am] anthonyb : looks like BP may be
heading lower
[08:09 am] stevemld : SPRD toppy
[08:10 am] anthonyb : LOL LOL[08:10 am]
rusty : wo seniors were eating breakfast in
a restaurant one morning.Ed noticed something
funny about Joe’s ear. He said, “Joe did you
know you’ve got a suppository in your left
ear?””I have? A suppository?”He pulled it out
and stared at it. Then he said: “Ed, I’m glad
you saw this thing. Now I think I know where
my hearing aid is.
[08:11 am] anthonyb : I hate when that
happens rusty
[08:13 am] sonorant : look at TIN and
LQDT
[08:16 am] mikewd2 -: we expecting a rebound
in TNA?
[08:19 am] doji : Aggg lost rebound in
TNA
[08:20 am] Brent : Kris says Hi and good
luck
[08:21 am] Brent : will do
[08:21 am] qwert : tell him we say hi
back
[08:22 am] neuronx : Brent what is our
target on BK?
[08:22 am] sonorant : So did I doji[08:24
am] neuronx : 21.3
[08:25 am] eyes-inthenow : Doji how did you
do on TIN
[08:25 am] neuronx : Anyone still short on
PPDI>?
[08:26 am] ltacher : today is being a very
good day i have more understanding bottom and
tops and how you can trade them thank you
brent and mitch[08:27 am] doji : BK needs
his CEO to depart to rally… how is that
possible?
[08:27 am] neuronx : Mitch u still in PPDI
short >?
[08:27 am] sonorant : Can we short BK?
[08:27 am] sonorant : Yes, I am loving
following you guys with all the detail. It
is a big help.
[08:28 am] Brent : I’m not going to
sonorant, not enough money in it
[08:28 am] Brent : on BK
[08:28 am] Brent : plus I’m rooting for
Neuronx to hit his next target
[08:28 am] ltacher : quick question..
[08:28 am] sonorant : Okay, thanks.
[08:29 am] Brent : go ahead Itacher[08:29 am]
Brent : ok, lol. Nice trade Neuronx[08:29
am] guitarzan1 -: thanks mitch/brent….had
another really profitable day 🙂 better go
to work 🙂
[08:29 am] ltacher : Brent what do you mean
when you say not enough money in it ..are you
referring to the valume[08:29 am] neuronx :
Iam out on BK
[08:29 am] shark : BK -what a beauty
[08:30 am] Brent : I mean not enough profit
potential Itacher[08:30 am] doji : If we
short BK here, the potential would be 21.34
Brent? That is the previous resistance
[08:30 am] ltacher : nice trade
neuronx[08:30 am] ltacher : oh i understand
thanks
[08:30 am] Mitch K: got to hear guitar
[08:31 am] Brent : possibly doji, but not
worth the risk. There is very little
resistance overhead and it’s trending up
strong
[08:31 am] eyes-inthenow : htld[08:31 am]
ltacher : the only different here is that is
keep going up .. good trade guys
[08:32 am] doji : i am looking at the daily
and the next resistance would be 24?
[08:33 am] Brent : BK will have natural
resistance at the even numbers, 22, 23, then
the 50ma on daily is at 23.29
[08:33 am] rusty : BK 22.26 next
resistance
[08:34 am] doji : Rusty, how did you get
that number?
[08:34 am] doji : Thanks for the explanation
Brent…. meant a lot for me
[08:35 am] Brent : now if it kept going with
increasing volume, I would start watching for
a short possibility on BK around 23. But it
would have to be a straight move with no
consolidation in between
[08:35 am] doji : Is it the open of 8/8
candle
[08:35 am] lorie : OXM
[08:36 am] ltacher : thanks goodness i
didn’t take a short on OXM
[08:36 am] qwert : i was short oxm when ism
number came out and got killed
[08:37 am] Brent : yeah, couldn’t type fast
enough
[08:37 am] doji : Too late to short it
Brent
[08:37 am] ltacher : icon on the trend line
19.30
[08:38 am] Brent : definitely Doji[08:38 am]
doji : Brent are you going to teach this
techniques on how to identify support,
resistance and the “no enough money” in the
next webinar?
[08:38 am] ltacher : is touching the trend
line Doji 19.30
[08:39 am] anthonyb : okay guys, that’s it
for me. Thanks Mitch and Brent all the help.
A good day on SIM as well as my live
trades.
[08:39 am] ltacher : macd d at 0.0442 one
minute
[08:39 am] winattrading : DNKN
[08:39 am] winattrading : News?
[08:40 am] doji : Brent, the peak in BK now,
is that what you call “straight move with no
consolidation in between”
[08:40 am] ltacher : ICON trend moving up
[08:41 am] Brent : sort of doji, but it
didn’t move enough, volume was decreasing
[08:42 am] doji : Ah OK, thanks!
[08:43 am] rusty : yes doji + the upper
Bollinger band
[08:43 am] topdogrex : Brent, short BK here
or to late
[08:44 am] Brent : too late topdogrex.
[08:44 am] mbear : LO turned over…a little
late though
[08:45 am] Brent : have a good one cowboy
[08:45 am] cowboyh : Sucks but time to go to
work by all
[08:45 am] ltacher : Brent any chance to
trade SONE has not move only .01
[08:45 am] rusty : and then there is the
deckling 50dma above at 23.29
[08:46 am] Brent : volume is way too thin
Itacher [08:45 am] shark : need the tick
chart on ICON
[08:46 am] topdogrex : tx , Brent
[08:49 am] rusty : DNKN radar
[08:50 am] eyes-inthenow : PANL
[08:59 am] junior : no shares to short DNKN
at IB, good eye though rusty
[09:06 am] lightning : i hope this isn’t the
end of the trade ideas. I’d like to get out
of the hole today.
[09:08 am] mikewd2 -: have a tough morning
lightning?
[09:08 am] vans : Very unpredictable day for
me, charts disagree, stopped out, jump fast.
down 125. need to focus.
[09:09 am] lightning : L BK 21.32
[09:09 am] michael : LQDT might be turning
over
[09:09 am] scalpman : DNKN Good one, thanks
Rusty!
[09:09 am] sonorant : I keep having small
platform issues. Out now for ATM STrategy 2
class.
[09:11 am] lightning : watching PANL for a
short
[09:12 am] vans : They say play the market
direction, But I literally can’t tell what it
is.
[09:13 am] vans : sndk at support
[09:15 am] eyes-inthenow : Mitch any
thoughts on BBD
[09:15 am] lightning : out BK for loss
[09:15 am] ronfrac : panl rolling over.
Can’t borrow stk[09:15 am] stevemld :
lightning add SPRD to ur watch for a short
list might get 30-40 cents if the market
weakens
[09:15 am] vans : short sndk and panl[09:17
am] vans : darn, panl didn’t hit support for
sale
[09:20 am] Brent : did everyone receive a
link to the webinar signup? We gave Trading
Room members first chance to sign up. There
is limited seating and registration opens for
everyone else on Tuesday.
[09:21 am] doji : Yes Brent
[09:21 am] garyb : Yes Brent…joined last
night
[09:21 am] mikewd2 -: saw the pre-register
[09:21 am] vans : long bk 21.18
[09:22 am] eyes-inthenow : no money to join
taking donations
[09:22 am] lisas : I didn’t get the email,
but will sign up from the website
[09:23 am] Brent : email me Lisas, the link
on the website is for preregistration. I
have the actual sign up link for you .
[email protected]
[09:28 am] vans : two weak bounces on bk
might mean short it
[09:30 am] mikewd2 -: registered
[09:31 am] apple : Thanks MK and B and
everyone. Leaving early today to take son
& friend to Central Park Zoo. Have a
wonderful evening and/or holiday weekend.
[09:31 am] Brent : have a great night
Apple
[09:31 am] michael : GLUU lower priced stock
but turning down
[09:35 am] candelas : great thing about day
trading, “u don’t need to know what is going
to happen next in order to make money”
[09:36 am] Brent : well said Candelas
[09:38 am] shark : trade the market you
have, not the one you want
[09:38 am] vans : TAS, are trailing profits
a bad idea to use. I set t hem tight and make
only a few bucks, set them loose and retrace
takes profit then they run. Is it your
practice to just use stop loss and hope
direction is right?
[09:40 am] Brent : I use a stop loss. Then
scale out of my position as it moves in my
favor. Then I manually move up the stop
beyond the closest resistance/support area
[09:41 am] eyes-inthenow : PANL turning
[09:41 am] lisas : Brent, I’ve sent you an
email from a different account, that one
didn’t get the email. Thanks.
[09:41 am] vans : Perfect idea, thanks, But
will need t o watch the trade. Thanks
Brent
[09:42 am] Brent : I resent it Lisas[09:42
am] lisas : got this one, thanks!
[09:43 am] neuronx : Mitch you are using SL
in daytrading, like 1% >? You set it
or just mental SL>?[09:43 am] vans :
aem should retrace in a few
[09:44 am] Brent : we will be teaching trade
management for every strategy at the webinar
as well Vans
[09:44 am] vans : AEM near resistance
[09:44 am] vans : OK Brent
[09:45 am] vans : breaking too early
[09:46 am] vans : no potential
[09:50 am] eyes-inthenow : Did anyone get
PANL
[09:50 am] topdogrex : I am out now
[09:50 am] topdogrex : i did
[09:51 am] gecko : when are the conference
dvd’s coming out?
[09:55 am] michael : If anyone shorted GLUU
at 3.80 its at 3.61 and I’m getting out
[09:59 am] candelas : did not know today was
9/1
[09:59 am] doji : TNA
[10:00 am] doji : TNA broke support
[10:00 am] mikewd2 -: there she goes
[10:01 am] candelas : opportunity
[10:01 am] leo : Mitch, a bounce?
[10:01 am] mikewd2 -: further drop?
[10:02 am] leo : Candelas, tell me when the
opp comes
[10:03 am] gecko : maybe mitch is calling a
1 oclock reversal
[10:04 am] mikewd2 -: look for support around
47.65
[10:07 am] doji : Broke support
[10:07 am] lightning : TNA now below
yesterday’s low
[10:08 am] doji : I’d sell my long positions
here….
[10:08 am] gecko : looks like market has
broken consolidation and is negative
[10:08 am] gecko : markets around ema 200
5m
[10:08 am] mikewd2 -: is that correct?
[10:08 am] mikewd2 -: next support 46.2???
[10:09 am] Brent : $47.00 has some support on
TNA mikewd2
[10:09 am] mikewd2 -: DANG tanking
[10:09 am] qwert : that’s what i thought
46.20 area mike
[10:09 am] rusty : STMP lod[10:10 am]
mikewd2 -: ok, i c it Brent, thanks
[10:12 am] rusty : JDSU analyst upgrade
[10:14 am] ronfrac : Is it even worth a try
today. The bounces abd selloffs are less than
20 cents except for TNA and TZA etc[10:18 am]
derns : I’m getting a general feeling of
bearishness.
[10:18 am] hawaii : is anyone going to swing
tza[10:18 am] rusty : candle pattern on SP
past two days is currently spinning tops
[10:21 am] derns : Perhaps I am listening to
CNBC too much…it feels like a repeat of
doom/gloom. I wonder if the slowdown has
been a self-fulfilling prophecy
[10:24 am] mikewd2 -: yeah derns, they are
depressing me on CNBC
[10:25 am] derns : short BK 21.05
[10:27 am] doji : And now what with the
market?
[10:31 am] rusty : *FED FINDS `PATTERN OF
MISCONDUCT’ IN MORTGAGE SERVICING
[10:31 am] rusty : watch GS
[10:32 am] doji : TNA dropping again
[10:35 am] leo : Mitch, PANL still good for
swing short?
[10:38 am] mikewd2 -: DANG bottoming?
[10:40 am] derns : BAC feels like it wants
to break below 8
[10:40 am] ltacher : Mitch quick question
[10:40 am] ltacher : why TIN is so strong
today
[10:45 am] sonorant : I know itacher, I just
shorted it, and made a little, but got
stopped on the bounce.
[10:46 am] Brent : nice doji[10:46 am]
candelas : Doji Doji Doji, way to go
[10:46 am] cowboyh : Anyone know what
driving the market down, I don’t see any
news
[10:46 am] doji : 5 out of 5 for me today
[10:46 am] doji : Best day ever
[10:46 am] doji : Over 3K
today….yeahhhh[10:46 am] doji : S PANL at
50.5, cloed at 49.7… good
[10:46 am] lightning : way to go dogi!
[10:46 am] mikewd2 -: nice doji, and I
haven’t made a trade today –
[10:46 am] sonorant : time for TNA again
[10:47 am] doji : I am not Mike, just want
to celebrate with you guys…
[10:47 am] doji : Just focused on the chart
first
[10:47 am] mikewd2 -: don’t look at the
money!!!!
[10:47 am] mikewd2 -: good answer, Mitch will
be happy
[10:48 am] leo : Brent, PANL good for swing
short?
[10:49 am] doji : This is the first time I
even went over 1K… unbelievable
[10:49 am] mikewd2 -: getting a little life
in TNA
[10:50 am] lightning : what were the 5
trades doji?
[10:50 am] mikewd2 -: you mean first time you
were able to maximize your trades using
proper chart management and ended up with $1k
profit.
[10:51 am] Brent : really nice work Doji,
congrats
[10:51 am] doji : CIEN, PANL, AGNC, TZA and
wft[10:53 am] doji : I asked Mitch early in
the morning of the market had overreacted to
the news at 10:00AM after the immediate
drop
[10:53 am] junior : you da man doji!!!
[10:53 am] ltacher : what did you do
different this time if you have time to
answer you don’t have to just to learn from
you ..excellent day
[10:54 am] doji : so my feeling was right
[10:55 am] doji : Both Itcaher[10:55 am]
doji : I missed EK S at the top, remember my
discussions with Brent?
[10:55 am] ltacher : did you do more short s
or long today
[10:57 am] doji : It was BK sorry
[10:58 am] doji : right at the peak at
21.84… and now at 20.87
[11:00 am] doji : Crammer unloading
financial and buying Gold stocks
[11:03 am] derns : BAC shows firm support at
8…wish it would break down
[11:08 am] sonorant : I’ve really enjoyed
hearing from Brent and Mitch today.
[11:10 am] doji : BAC broke 8
[11:10 am] sonorant : Yes, the more
interaction, the better. And just a few
trades where all the details are spelled out
— just one or two is really good too.
[11:11 am] derns : BAC…there are a lot of
shares trading around 8.
[11:11 am] doji : Let’s see if there is
volume on BAC
[11:12 am] rusty : what is the significance
of BAC at 8?
[11:13 am] derns : Rusty…I have no idea,
other than it doesn’t seem to want to break
down below 8 and there are a lot of shares
being traded there.
[11:14 am] candelas : is Mitch still here
[11:14 am] candelas : LQDT will be one to
keep an eye on the next couple of days for
potential short
[11:14 am] derns : Brent…can you offer any
insight on BAC…is it likely to break down
further or should I get out of my short at
8.11?
[11:14 am] doji : and it’s a round number
[11:15 am] Brent : what’s your entry Doji?
[11:15 am] rusty : agree candelas….also
has peak volume today
[11:16 am] Brent : sorry, Derns what’s your
entry?
[11:16 am] doji : It’s derns[11:16 am] doji
: No, I am not in BAC
[11:18 am] eyes-inthenow : Brent any
thoughts on Swinging TNA here
[11:18 am] rusty :
http://stockcharts.com/h-sc/ui?s=%24bkx
[11:18 am] rusty : look at the BKX if you
playing banks
[11:18 am] sonorant : I know, I can’t
believe LQDT is still up there. I tried to
short it earlier today.
[11:19 am] candelas : it was a great short
twice today
[11:20 am] rusty : TNA TZA players… watch
IWM…
http://stockcharts.com/h-sc/ui?s=iwm
[11:21 am] Brent : go for it Candelas, you
have power yet?
[11:21 am] Brent : no thoughts on it here
Eyes, looks like it will pull back more
[11:21 am] ltacher : Bret I am analyzing TIN
why is such strong day with low volume
[11:22 am] candelas : no lights till
saturday[11:23 am] Brent : just looks like it
broke through some strong resistance on the
daily chart Itacher. Never checked to see if
TIN had any news
[11:24 am] candelas : what was news today on
lqdt[11:26 am] rusty : LQDT buying another
biz
[11:27 am] ltacher : Is gold is going to
keep going up ..Brent just a general question
in Gold and silver
[11:28 am] Brent : not sure Itacher, haven’t’
studied them much
[11:28 am] doji : Itacher, Crammer is
selling financials and buying GOLD. It now
depends how reliable Crammer is
[11:29 am] Brent : that usually means it will
go up for a bit then turn over on it’s
head.
[11:29 am] michael : he would have been a
lot more reliable if he made that move at
$1200 instead
[11:29 am] rusty : cramer is a clown
[11:32 am] ltacher : rusty how is your day
so far any good trades I am sure but just for
you curiosity since Mitch mention you are
very experience trader along with candelas
[11:32 am] rd : spy testing the dwn trend
line
[11:32 am] sonorant : Probably do opposite
of cramer a few days later — after everyone
has taken his advice, and then it stalls.
[11:33 am] lightning : Cramer had a great
call in Sept 08 — sell all longs…six
months before the bottom.
[11:33 am] lightning : Maybe that was his
last one.
[11:33 am] sonorant : Don’t buy that. It
was before the March crash of 09, but after
the bottom had fallen out
[11:34 am] Brent : He must’ve snagged a copy
of the DSR that day
[11:34 am] doji : That isa god advice
Gecko
[11:34 am] sonorant : I wouldn’t be trying
to learn to trade today if all of that hadn’t
happened.
[11:35 am] ltacher : Cramer should not give
advise like that a lot people lost money with
him ..then the same person who calls Cramer
ask them for the same stock name why did it
drop Cramer could not give a straight
answer
[11:35 am] rusty : haven’t done much today
except with my swing shorts WFM STMP JAZZ and
intraday LQDT and SAI
[11:35 am] sonorant : Rusty, did you take
LQDT long or short?
[11:36 am] lightning : here you Sonorant:
Oct 6, SPY at 106 bottomed at 67.10.
http://www.youtube.com/watch?v=uoSLVCEGKko
[11:36 am] ltacher : you like JAZZ as a
swing Rusty
[11:37 am] doji : LQDT is the top performed
in the Russell 2000
[11:37 am] rusty : i trade it long and
short
[11:37 am] rusty : JAZZ is very tough
stock…highly manipulated
[11:38 am] doji : Yeap…
[11:38 am] rusty : LQDT as a short ofc[11:39
am] doji : Tomorrow if the unemployment rate
stay the same or increase
[11:39 am] rusty : but it’s hard to ignore
at these levels
[11:39 am] rusty : I prefer to have LQDT
close up high and short it on an early am gap
if seen
[11:40 am] rusty : especially with record
volume
[11:42 am] doji : Yes Rusty I agree, I’ll
sort it tomorrow if it gaps up
[11:42 am] sonorant : Fun, thanks Lightning.
I was wrong — it was Oct, not Sept.
2008
[11:43 am] sonorant : And when did you short
it this a.m.? Will go back and look at
charts.
[11:43 am] sonorant : So Rusty, you meant
LQDT gapping up?
[11:44 am] lightning : yes, sonorant, but
still 37% above the bottom.
[11:44 am] ltacher : I think i found
something look at SDS
[11:45 am] leo : Candelas, you mentioned
LQDT for swing short. Is it forming bullshort
pattern?
[11:45 am] lightning : Again, it may have
been his last good call…lol[11:45 am]
sonorant : lightning, yes true — it was a
good call on his part
[11:46 am] rusty : and therefore it often
pulls back
[11:46 am] rusty : when I see a stock at a
high with record volume it makes me think it
would take some additional stimulus to take
it any higher
[11:47 am] candelas : euphoria of buyers
only lasts so long
[11:47 am] candelas : Mitch is expert on
bullshorts, but I agree with Rusty
[11:47 am] ltacher : I guess we won’t see
any action until MR OBAMA through s the towel
through the white house window ..
[11:47 am] rusty : esp if it closes near the
high
[11:47 am] rusty : oftentimes these stocks
don’t gap up
[11:47 am] rusty : so I take a small short
position near the close
[11:48 am] doji : I’ll do so Rusty
[11:48 am] rusty : and then I add to the
position next am as necessary
[11:48 am] sonorant : Thanks, so you don’t
need it to gap up to short it tomorrow
then….
[11:49 am] rusty : as it often exhausts the
stock and provides for a good short trade
[11:49 am] rusty : gap up is ideal setup
[11:49 am] rusty : however it doesn’t always
occur after this huge a move
[11:49 am] rusty : i scalped it before sono,
not a great trade shortly before noon
[11:50 am] rusty : with huge volume
[11:51 am] doji : It went for average 200K
to 2.5 million shares today, what a move
[11:50 am] sonorant : I don’t see huge
volume on the LQDT daily chart
[11:51 am] lightning : TAM spike
[11:52 am] doji : 200k vs 2 million Rusty
[11:52 am] rusty : and compare to today
[11:52 am] rusty : and this catches people
by surprise
[11:52 am] rusty : avg volume is less than
200k
[11:52 am] rusty : look at LQDT avg
volume
[11:52 am] rusty : LQDT is up so much
because usually it trades by appointment
[11:53 am] doji : 2.4 million
[11:53 am] doji : and scaling up
[11:53 am] rusty : so while 2.4M is not all
the big by itself, relative to LQDT it is
huge
[11:53 am] sonorant : Yes, I see the average
volume, but on NInja trader daily chart,
there is no volume bar filled in yet for Sept
1.
[11:54 am] Brent : sonarant, go to your
indicators on Ninja. Click on Volume and
Change “calculate on bar close” to false
[11:54 am] Brent : that will fix it
[11:54 am] candelas : TAM on the move
[11:54 am] doji : USe frestockcharts[11:54
am] rusty :
http://stockcharts.com/h-sc/ui?s=lqdt here’s
your volume
[11:54 am] sonorant : But on 60 min. chart
it is obvious when you do the math
[11:55 am] doji : lqdt new high
[11:55 am] rusty : also note the rsi[11:56
am] sonorant : Eureka Brent, that fixed it!
Many thanks. Will change all of my
charts!
[11:57 am] Brent : it’s what I do
[11:57 am] Brent : you can do the same with
all indicators so that your stochastics, etc.
don’t wait for the bar close either
[11:57 am] sonorant : And this is good to
do?
[11:58 am] candelas : are u with TD?
[11:58 am] candelas : it will improve ur
bottom line
[11:58 am] candelas : time for the switch
[11:58 am] doji : Good post on TAM candelas,
I couldn’t fill my order
[11:58 am] doji : TOS is too slow
[11:58 am] doji : Yeap, just waiting for the
webinar to make the change
[11:58 am] doji : Yes Candelas
[11:58 am] sonorant : Okay, will follow
suit. Thanks.
[11:59 am] candelas : no problem
[11:59 am] doji : Candelas, how did you get
TAM?
[11:59 am] doji : to either Lightspeed or
Tradsatation[11:59 am] qwert : thanks for
tam candles
[12:00 pm] candelas : from my scanner
[12:00 pm] candelas : its going to be a good
one as well
[12:00 pm] doji : What Scanner do you use
Candelas?
[12:00 pm] rusty : LQDT getting overbot
here
[12:01 pm] candelas : i no pay
[12:01 pm] candelas : i use a scanner in t/s
that i set
[12:01 pm] candelas : it has extreme
volatility levels
[12:01 pm] eyes-inthenow : what are the fees
on tradestation[12:02 pm] candelas : commiss
covers
[12:02 pm] candelas : think its like 200 for
platform if ur not trading through them
[12:02 pm] doji : aggg missed PANL. quire
sure it will sell off at the close
[12:03 pm] eyes-inthenow : what are there
commisions[12:05 pm] doji : Just curious, is
anyone still holding TNA long?
[12:06 pm] ltacher : SDS is moving higher 23
now
[12:06 pm] sonorant : So rusty, would you
short LQDT today?
[12:07 pm] rusty : yes near close if it
closes at high or if i see a sudden spike
up
[12:08 pm] rusty : i am thinking of starting
it small here
[12:09 pm] qwert : rusty what pct. of your
position will you open with?
[12:09 pm] rusty : but prefer the close
[12:09 pm] rusty : for the best setup
[12:09 pm] rusty : if you do it, go small
[12:09 pm] rusty : these aren’t for the
faint of heart
[12:09 pm] rusty : to get the feel
[12:09 pm] sonorant : okay, thanks
[12:10 pm] candelas : should have more of
those in couple of weeks
[12:10 pm] doji : That is what I had in
mind
[12:10 pm] gecko : play of the day
[12:10 pm] rusty : 20-30%
[12:10 pm] rusty : i think of these
positions in thirds
[12:11 pm] gecko : 1 trade 10 percent
[12:11 pm] gecko : tza long just after 10
[12:13 pm] rusty : Moody’s affirms BAC
rating
[12:18 pm] doji : BAC
[12:18 pm] rusty :
http://stockcharts.com/h-sc/ui?s=$VIX&
;p=D&yr=0&mn=6&dy=0&a;
mp;amp;id=p27896276218
[12:18 pm] rusty : VIX
[12:19 pm] doji : Hard to die
[12:20 pm] gecko : 345
[12:20 pm] gecko : look at 330
[12:20 pm] gecko : we should have some spike
today
[12:25 pm] garyb : Mitch, any idea on TNA
for tomorrow. I’m thinking of closing out my
swing trade and taking my gains. (I bought
at $42)
[12:30 pm] rusty : ABCP just off lod[12:31
pm] rusty : interim lod that is
[12:33 pm] sonorant : My eyes are feeling it
with all this computer screen time. Any
advice on the best background color for less
eye-strain?
[12:36 pm] Brent : I use Black
[12:36 pm] doji : Yellow
[12:36 pm] garyb : purple
[12:36 pm] rusty : light gray
[12:36 pm] rusty : white is worst
[12:36 pm] sonorant : But no one is saying
white, which is what I have…..
[12:37 pm] garyb : Black works for me
too…easy on the eyes
[12:37 pm] rusty : especially if you keep
contrast brightness high
[12:37 pm] sonorant : Well, glad I asked.
Thanks.
[12:40 pm] ltacher : now TIN dropping like
is no tomorrow very smart stock
[12:41 pm] rusty : at lod[12:41 pm] rusty :
market is dropping
[12:42 pm] garyb : thought we might have a
rally in the aft….I thought wrong lol[12:42
pm] leo : Any opinion on which stocks should
be watched before tomorrow’s market open.
[12:43 pm] doji : My BAC S at 8.00 is
working fine
[12:43 pm] doji : NOOOOOOO, TDA doesn’t have
shares if LQDT for short
[12:43 pm] rusty :
http://stockcharts.com/h-sc/ui?s=SPY&
p=D&yr=0&mn=6&dy=0&am;
p;amp;id=p98468749846
[12:44 pm] doji : Rusty, did you get shares
of LQDT short?
[12:44 pm] truck : good call on that BAC ,
short
[12:45 pm] doji : Long Mitch?
[12:45 pm] doji : Who is your broker?
[12:45 pm] rusty : before stalking it
[12:45 pm] rusty : yes – that’s the first
thing I looked for
[12:46 pm] Brent : Candelas is his broker
[12:46 pm] candelas : lol[12:46 pm] doji :
He always manage to get Shorts! I wonder how
many Brokers he has
[12:46 pm] garyb : Mitch…just wondering
about TNA. Do you think it’s a keeper or
should we leave it till after the weekend.
Wondering if I should dump it as a swing?
[12:46 pm] rusty : IB
[12:46 pm] rusty : lol[12:47 pm] doji : Die
BAC die
[12:47 pm] gecko : no real spike
[12:47 pm] gecko : strongly bearish
[12:47 pm] leo : Mitch might see LQDT will
go up to form a bullshort pattern
[12:47 pm] leo : So he said long
[12:51 pm] candelas : should have nice
trades 2morrow in lqdt as well
long/short[12:50 pm] doji : TNA spiking
[12:51 pm] derns : Doji..are you in BAC
short?
[12:52 pm] doji : No, I already closed it
[12:52 pm] gecko : probably jus there
[12:52 pm] gecko : that spike is good to ema
200 1m tna[12:53 pm] derns : thx..I was
thinking of closing myself….
[12:54 pm] doji : I’ll never take BAC short
to home
[12:55 pm] doji : 6 out of 6 today, what a
day…
[12:55 pm] doji : Calling TDA if I can get
some shares of LQDT for Short
[12:56 pm] candelas : makes a huge
difference right Doji?
[12:56 pm] derns : Hawaii…I’m
impressed!
[12:56 pm] doji : I am just focusing on the
charts, believe or not, and not on the
price
[12:56 pm] hawaii : thanks everyone have a
great day see you tomorrow at 3am
[12:57 pm] Brent : have a good night
Hawaii
[12:57 pm] doji : I set up a target price to
close before I enter my trade and use stops
to move in any direction
[12:57 pm] doji : Yes Candelas
[12:57 pm] leo : Thanks Mitch, Brent,
Candelas and all comrades. See you
tomorrow.
[12:58 pm] candelas : wow it’s like 10 am
over there
[12:58 pm] doji : Today I have made 6 times
my best previous record…
[12:58 pm] sonorant : More like, have a good
day Hawaii — but man you must go to bed
early!!!
[12:59 pm] doji : Thanks Mitch and Brent for
all your guidance…. still have to learn a
lot
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