[06:12 am] Kris : Kris : Good Morning
Traders
[06:13 am] Kris : Kris : My Watch list for
today:
[06:13 am] Kris : Kris : On the long side I
have GOLD, NGD, RGLD, ORCL and WLT
[06:13 am] Kris : Kris : On the short side
I’ll be watching CCJ, EXH, FMER, FHT, ANR,
ACI and MPWR
[06:19 am] Kris : Kris : fat fingered it
[06:19 am] Kris : Kris : not FHT
[06:19 am] Kris : Kris : RHT
[06:19 am] Kris : Kris : RHT is a possible
short but it’s already coming back down into
support so you can scratch that idea
[06:19 am] Kris : Kris : sorry guys
[06:19 am] Kris : Kris : Welcome to the room
dano!
[06:20 am] Kris : Kris : Do we have any other
new members in the room today?
[06:24 am] Kris : Kris : how I trade
[06:24 am] Kris : Kris : my strategies
[06:24 am] Kris : Kris : Yes Anthony. I’m
going to show everything. My layout, my
charting, my scanners
[06:25 am] Kris : Kris : It’s the best thing
we’ve done so far.
[06:27 am] Brent : Brent : good morning
[06:29 am] Kris : Kris : 1 minute! Time to
Rock!
[06:29 am] Kris : Kris : Stay focused and
let’s make some money.
[06:30 am] Kris : Kris : FCX short half
[06:30 am] Kris : Kris : if you missed FCX
don’t chase it here, already dropped 30
cents.
[06:31 am] Kris : Kris : MNTA short
[06:31 am] Kris : Kris : NEM short half
[06:32 am] Kris : Kris : FSLR short half
[06:32 am] Kris : Kris : ORCL long half
[06:32 am] Kris : Kris : out half FCX
short
[06:33 am] Kris : Kris : out half ORCL
long
[06:34 am] Kris : Kris : out half FSLR
short
[06:34 am] Kris : Kris : watching UNP for a
long
[06:35 am] Brent : Brent : watching CSX for a
bounce
[06:35 am] Kris : Kris : ADSK long half
[06:35 am] Kris : Kris : CVLT long half
[06:35 am] Kris : Kris : if you don’t’ get
ADSK, wait for a pullback
[06:35 am] Kris : Kris : little ahead of
itself here
[06:35 am] Mitch K: Mitch King: it looks like
it might be the bottom day for NFLX, looking
for a swing trade long, probably right day
today
[06:36 am] Kris : Kris : NFLX long half
[06:37 am] Kris : Kris : looking for some
consolidation in ORCL and then another move
up
[06:37 am] Kris : Kris : watch SPY 121.00
area for resistance
[06:38 am] Brent : Brent : watching NSC for a
bounce
[06:38 am] Kris : Kris : if we get another 10
or so minutes of selling in FSLR it could
setup for a reversal long.
[06:38 am] Kris : Kris : out another 1/4 FSLR
short
[06:39 am] Kris : Kris : getting buyers
coming back
[06:39 am] Kris : Kris : watch for new hod in
ADSK
[06:39 am] Mitch K: Mitch King: if you guys
are short FSLR from the Daily Stock Report
short recommendation from 2 days ago,
consider covering it here around 74 now
[06:40 am] Kris : Kris : WLT long half
[06:41 am] Kris : Kris : yes, I’m still in
NEM
[06:41 am] Mitch K: Mitch King: railways
down, CP, NSC monitor for long
[06:42 am] Kris : Kris : will add second half
NFLX on break to new hod[06:42 am] Kris :
Kris : XLNX short half
[06:42 am] Mitch K: Mitch King: just saw
INFA, too late to short but monitor this if
it goes back up over 42 for short again
[06:43 am] Brent : Brent : long half CSX
[06:43 am] Kris : Kris : SPY choppy this
morning, can’t find a trend
[06:43 am] Mitch K: Mitch King: HGSI short
[06:44 am] Mitch K: Mitch King: watching CBST
for short
[06:45 am] Brent : Brent : will stop CSX at
18.69
[06:45 am] Kris : Kris : NFLX new hod[06:45
am] Kris : Kris : SPY trying to find support
at 120.00
[06:45 am] Mitch K: Mitch King: watching GTI
for potential long
[06:46 am] Kris : Kris : looking for a new
hod in CLVT, starting to move up
[06:46 am] Kris : Kris : see an even mix of
buyers and sellers this morning so far.
[06:47 am] Kris : Kris : gonna try and stay
patient on WLT, I think we could see at least
68.00 if markets can hold.
[06:48 am] Kris : Kris : out half CVLT
long
[06:48 am] Kris : Kris : XLNX new lows
[06:49 am] Brent : Brent : CSX needs to break
19 here
[06:49 am] Kris : Kris : ADSK trying to hold
up
[06:49 am] Kris : Kris : probably not joey,
just trading the knee jerk reaction to the
news.
[06:50 am] Kris : Kris : MNTA lingering,
waiting for a break to new lows
[06:51 am] Brent : Brent : stopped CSX
[06:51 am] Kris : Kris : out half WLT long
[06:51 am] Kris : Kris : sellers coming back
again, watch that 120 on SPY, we break that
and we could get more selling.
[06:52 am] Kris : Kris : SPY trying to lose
support
[06:52 am] Mitch K: Mitch King: OPTR turning
over
[06:54 am] Kris : Kris : ADSK moving into hod
resistance
[06:54 am] Kris : Kris : needs to break
30.00
[06:54 am] Kris : Kris : steady buyers coming
in again, see if they can sustain it.
[06:54 am] Kris : Kris : there she goes
[06:54 am] Mitch K: Mitch King: groundhog day
with HLS last 3 days i think
[06:55 am] Kris : Kris : CVLT new hod[06:56
am] Kris : Kris : out all WLT long
[06:56 am] Kris : Kris : out another 1/4
CVLT
[06:56 am] Kris : Kris : will look to
possibly take another long on a pullback on
WLT
[06:57 am] Mitch K: Mitch King: monitoring
UAL
[06:58 am] Kris : Kris : gonna try and sit on
second half ADSK, see if we can have a
trending day up
[06:58 am] Kris : Kris : out half ADSK
long
[06:58 am] Kris : Kris : SPY moving up again,
probably gonna test hod[06:58 am] Mitch K:
Mitch King: ILMN bouncing, probably too late
to buy so monitor for short over 45
[06:59 am] Kris : Kris : no, I took profit on
half and stopped be on second. I might look
to take it long again if it can hold lod
support and we get a break in the SPY to the
high side.
[07:00 am] Kris : Kris : ORCL is on the
fence. I think it could have one more move
up but not sure if it has more than .40 above
the hod.
[07:00 am] Kris : Kris : XLNX weak bounce so
far
[07:00 am] Mitch K: Mitch King: watching GIS,
for potential short
[07:01 am] Kris : Kris : probably gonna face
some resistance around 31.00 if it breaks
[07:02 am] Kris : Kris : GS has fleas
[07:03 am] Kris : Kris : I’ll look for a
small bounce or consolidation, then a break
to short side on GS, then see if it can lose
100.00
[07:03 am] Kris : Kris : SPY failed
resistance, we’re coiling up again this
morning in this channel.
[07:04 am] Kris : Kris : gonna start
pocketing ideas for long and short side but
I’m gonna wait for a break of this channel
we’re stuck in.
[07:04 am] Kris : Kris : MNTA starting to
come down
[07:04 am] Mitch K: Mitch King: MS long
soon
[07:04 am] Mitch K: Mitch King: MS long soon
looks like MS bottomed
[07:05 am] Kris : Kris : just keep it on your
watchlist[07:05 am] Kris : Kris : SINA broke
but don’t chase it here
[07:05 am] Kris : Kris : so much for a
pullback, lol[07:05 am] Kris : Kris : WLT
another new high
[07:06 am] Kris : Kris : could be another ATM
machine day in SINA
[07:07 am] Kris : Kris : buyers just won’t
stay on the mat yet.
[07:07 am] Mitch K: Mitch King: WMB turning
over
[07:08 am] Kris : Kris : NEM short second
half
[07:08 am] Mitch K: Mitch King: i think i
missed posting UAL right, the short. arrggh,
was staring at it all morning
[07:09 am] Kris : Kris : ADSK consolidating
again under hod, acting strong.
[07:09 am] Mitch K: Mitch King: GIS turning
over
[07:10 am] Kris : Kris : FCX new lod[07:10
am] Kris : Kris : I’ll start small and add on
a new lod[07:10 am] Kris : Kris : ok, GS
starting to look interesting for me to start
entering a short position in it.
[07:11 am] Kris : Kris : obamashort is on
[07:11 am] Kris : Kris : ok, short small
piece in GS
[07:11 am] Kris : Kris : thanks joey
[07:11 am] Kris : Kris : watch that lod
support on spy, see if we can barack it.
[07:12 am] Kris : Kris : here come the
sellers
[07:12 am] Mitch K: Mitch King: at least
cover half of CBST
[07:12 am] Mitch K: Mitch King: CBST probably
good place to cover
[07:13 am] Mitch K: Mitch King: consider
covering most of UAL, maybe 2/3rds of your
short
[07:14 am] Kris : Kris : NOV breaking down
[07:14 am] Kris : Kris : XLNX no love, see if
we can get a move down into new lows, moving
a little slow here.
[07:15 am] Mitch K: Mitch King: start
watching EDU
[07:16 am] Kris : Kris : getting more green
coming across the board, watch that trendline
resistance.
[07:16 am] Mitch K: Mitch King: watching for
a short at the top of this bounce in MNTA
[07:17 am] Kris : Kris : ADSK trying for new
hod[07:17 am] Mitch K: Mitch King: consider
closing UAL short
[07:17 am] Mitch K: Mitch King: consider
closing UAL short
[07:18 am] Kris : Kris : bouncing off
support
[07:18 am] Kris : Kris : sorry, disregard
last post
[07:18 am] Kris : Kris : SPY approaching hod
resistance
[07:18 am] Mitch K: Mitch King: monitor NUVA
for short, no hurry, take your time,
[07:18 am] Mitch K: Mitch King: watching for
ILMN bottom
[07:19 am] Kris : Kris : DANG new lod[07:20
am] Kris : Kris : YOKU coming into support
[07:21 am] Kris : Kris : short second half
GS
[07:21 am] Kris : Kris : SPY new lod[07:21
am] Mitch K: Mitch King: consider covering
GIS, General Mills
[07:22 am] Kris : Kris : no, I wasn’t stopped
on GS, I added to it.
[07:22 am] Mitch K: Mitch King: MNTA turning
over, could go back to 11 later
[07:23 am] Kris : Kris : and it was a funny
bounce as soon as I posted the short.
[07:23 am] Kris : Kris : out half NEM
short
[07:24 am] Kris : Kris : ADSK new hod[07:25
am] Kris : Kris : it just felt a little
gamey
[07:25 am] Kris : Kris : starting a
grassroots campaign joey?
[07:26 am] Kris : Kris : I wanna be vice
president
[07:26 am] Kris : Kris : Joey for 2020
[07:27 am] Kris : Kris : that’s gotta be one
of the coolest jobs
[07:27 am] Kris : Kris : YOKU still sick
[07:28 am] Kris : Kris : looking for a test
of lod in GS
[07:29 am] Kris : Kris : 2020 is only about 8
years away. Saying 2020 just sounds a little
crazy to me.
[07:29 am] Kris : Kris : DMND ALERT
[07:29 am] Kris : Kris : DMND ALERT
[07:29 am] Mitch K: Mitch King: MNTA has been
a train wreck last few days, odds are it has
more selling pressure. if you shorted around
this $11.30 area, i don’t get particular on a
2nd helping short like this one, missed
first
[07:30 am] Kris : Kris : NFLX building under
resistance
[07:30 am] Mitch K: Mitch King: consider
covering WMB
[07:31 am] Kris : Kris : SPY new lod[07:32
am] Kris : Kris : ILMN new lows
[07:32 am] Kris : Kris : staying on the short
side of things for now until we break that
down trendline resistance on SPY
[07:33 am] Kris : Kris : I won’t start
looking to start stepping into more longs
until we get a break of that down channel
trendline in the spy.
[07:33 am] Kris : Kris : we’ve been choppy
today mike. even the trends have small
channels.
[07:34 am] Kris : Kris : NFLX keeps holding
up against the market, I’ll think you’ll be
ok if we can find support soon.
[07:34 am] Kris : Kris : you get that move
over 134 and you’ll be happy you stayed
patient.
[07:35 am] Kris : Kris : let us know when
he’s done
[07:35 am] Kris : Kris : who’s on
obamawatch?
[07:35 am] Kris : Kris : yes gary
[07:36 am] Kris : Kris : I don’t think it
matter sfarrill[07:36 am] Kris : Kris : MNTA
testing 11.00 again
[07:36 am] Kris : Kris : SPY coming into
support 119.50 area
[07:37 am] Kris : Kris : protect your entry
if you’re short on MNTA, this is day 3 down
and we could start to see a bottom sometime
soon.
[07:37 am] Mitch K: Mitch King: attaboy MNTA,
roll over, sit
[07:38 am] Mitch K: Mitch King: consider
covering MNTA here, at least half
[07:39 am] Kris : Kris : no, I exited
manually before my stop
[07:39 am] Kris : Kris : out all GS short
[07:39 am] Mitch K: Mitch King: WMB should be
bouncing, cover all WMB and look for possible
long bounce
[07:40 am] Kris : Kris : NFLX trying to find
support, this is good chart for breakout
long
[07:40 am] Mitch K: Mitch King: you all knew
that MNTA was a boy? cuz girls don’t usually
listen
[07:41 am] Kris : Kris : great call on MNTA
mitch[07:42 am] Mitch K: Mitch King:
monitoring RRC
[07:43 am] Kris : Kris : looking at TNA for a
small position
[07:44 am] Kris : Kris : 134 then 135 mike
[07:46 am] Kris : Kris : awesome job
mhaus[07:47 am] Kris : Kris : RRC slow moving
and sustained for just a rumor.
[07:47 am] Kris : Kris : sounds good
mhaus[07:48 am] Kris : Kris : sellers still
winning here, watch for a new lod in the
SPY
[07:48 am] Kris : Kris : thanks mike
[07:52 am] Kris : Kris : anyone have that
news report?
[07:52 am] Kris : Kris : RRC interesting,
still looking strong
[07:53 am] Kris : Kris : did they name
anyone?
[07:53 am] Kris : Kris : market always
knows
[07:53 am] Kris : Kris : watching JDSU for a
long
[07:55 am] Kris : Kris : I used to hedge
them
[07:55 am] Kris : Kris : not anymore
[07:56 am] Kris : Kris : I couldn’t have said
it better myself anthony!
[07:56 am] Kris : Kris : RRC testing
hod[07:56 am] Kris : Kris : we’re starting to
get some accelerated selling in the SPY
[07:57 am] Kris : Kris : also look for good
drops coming into support on the daily.
[07:57 am] Kris : Kris : bang
[07:57 am] Kris : Kris : look at those market
orders
[07:57 am] Kris : Kris : start looking for
strong stocks that have held up
[07:57 am] Kris : Kris : there goes RRC
[07:57 am] Kris : Kris : they could make
another move up when we find support
[07:58 am] Kris : Kris : COG long half
[07:58 am] Kris : Kris : less than half,
starting small on COG
[07:59 am] Kris : Kris : C long half
[08:00 am] Mitch K: Mitch King: looking for a
bounce in WMB, started already
[08:03 am] Kris : Kris : normal buyout rumors
that are bogus (the ones good to short)
usually don’t last more than 5-6 minutes on
the move up and then start to die. If the
move is taking longer or holding up on the
first drop, take extreme caution on your
short and be ready to possibly flip it to the
long side.
[08:04 am] Kris : Kris : protect your
position, and then be patient with your
second half to see if it can move up into
13.05 then 13.30
[08:04 am] Kris : Kris : should have taken
more of COG
[08:04 am] Kris : Kris : you’re a little late
eyes, take some profit and move up your stop,
coming into resistance already.
[08:08 am] Kris : Kris : I took some off on
that move into 74.60, too much money not to
trim it and then add on the pullback. yes I
will add back to it but I’m gonna be patient
and wait for a good bottom.
[08:08 am] Kris : Kris : SPY having some
trouble with overhead trendline resistance
[08:09 am] Mitch K: Mitch King: weak bounce
on WMB, look for 27.30 or higher next 5-6
minutes or close
[08:10 am] Mitch K: Mitch King: ILMN, that
big spike down here, this candle on 2 min
chart, means to me that’s top
[08:11 am] Kris : Kris : HGSI on roids[08:12
am] Kris : Kris : long second half COG
[08:16 am] Kris : Kris : out half COG long
[08:17 am] Mitch K: Mitch King: EQT not
ready yet that i can see
[08:17 am] Mitch K: Mitch King: EQT alert
[08:21 am] Brent : Brent : watching ARCO for
a bounce
[08:23 am] Kris : Kris : you short already
eyes?
[08:23 am] Mitch K: Mitch King: EQT toppy
[08:24 am] Kris : Kris : ok, you’re fine
[08:24 am] Kris : Kris : watch it at 64.65
could find some support there
[08:28 am] Kris : Kris : you should have hit
your target order eyes on half
[08:29 am] Kris : Kris : COG new hod[08:29
am] Kris : Kris : out another 1/4 COG long
[08:30 am] Kris : Kris : watch for another
new hod in RRC
[08:31 am] Kris : Kris : out all COG long
[08:32 am] Kris : Kris : ok, start to be a
little more cautious on EQT if you still have
it short.
[08:34 am] Mitch K: Mitch King: anyone get
that short on the bounce with ILMN? always
watch for those
[08:36 am] Kris : Kris : RRC new hod[08:37
am] Mitch K: Mitch King: anyone buy that WMB
earlier?
[08:37 am] Mitch K: Mitch King: keep an eye
on GIS for 2nd helping short
[08:37 am] Mitch K: Mitch King: when i see a
stock act like EQT, comes down a little bit
and goes right back to high of day (hod),
that the rumor might be true
[08:38 am] Kris : Kris : [08:32 am] Kris :
Kris : ok, start to be a little more cautious
on EQT if you still have it short.
[08:38 am] Kris : Kris : there’s your answer
doji[08:39 am] Mitch K: Mitch King: monitor
WMB for a 2nd helping short, preferably over
27.63
[08:40 am] Kris : Kris : SPY coming into
resistance area, could have a pullback
soon
[08:40 am] Kris : Kris : watch your longs
[08:41 am] Brent : Brent : consider reducing
ARCO if long
[08:41 am] Brent : Brent : next target 26.45
area
[08:41 am] Brent : Brent : on ARCO
[08:41 am] Kris : Kris : nice one mike
[08:45 am] Mitch K: Mitch King: monitor ILMN
for another bottom but might be a while, i
like to let them drop harder the 2nd time
[08:48 am] Mitch K: Mitch King: still
watching ILMN, not touching keyboard on order
screen,
[08:53 am] Mitch K: Mitch King: getting close
on ILMN. this next bounce, whenever it
starts, should be bigger than last one
[08:54 am] Mitch K: Mitch King: you want to
see ILMN stop dropping before buying long,
don’t jump in front of freight train that
way
[08:59 am] Mitch K: Mitch King: TDC turning
over, decent short
[09:01 am] Mitch K: Mitch King: if it goes
through ILMN quickly, let it keep moving
up
[09:01 am] Mitch K: Mitch King: that’s my
target, be flexible, doesn’t meant it will
get there. also does not mean to
automatically sell there if it goes through
it
[09:02 am] Mitch K: Mitch King: and whatever
you do, don’t look at your profits, it will
cause you to sell too soon
[09:02 am] Mitch K: Mitch King: changed to
41.55 area
[09:03 am] Mitch K: Mitch King: mind set now
on ILMN is, don’t be in a hurry to sell out
of ILMN long position
[09:04 am] Mitch K: Mitch King: consider
closing half of ILMN’
[09:05 am] Mitch K: Mitch King: ok ILMN
resurging up now
[09:05 am] Mitch K: Mitch King: probably
denial of rumor
[09:05 am] Mitch K: Mitch King: you watching
EQT
[09:07 am] Mitch K: Mitch King: TDC turning
over
[09:08 am] Mitch K: Mitch King: there is a
balance between micro trading and going for
bigger profits like ILMN, the 41.38 sell on
ILMN was a bad sell, premature sell
[09:11 am] Mitch K: Mitch King: i wouldn’t
try to buy EQT long for a bounce, its
probably a denial of a rumor
[09:14 am] Mitch K: Mitch King: could get to
$42 on ILMN.
[09:15 am] Mitch K: Mitch King: I’m over
kicking myself for selling half of ILMN 41.38
area, lasted 5 seconds
[09:15 am] Mitch K: Mitch King: looking for
42.30 area now
[09:16 am] Kris : Kris : TNA long small
position
[09:17 am] Mitch K: Mitch King: ok that’s it
on ILMN the $42 area
[09:18 am] Mitch K: Mitch King: I’m done with
ILMN, taking break now. i hope you guys can
come to the webinar tomorrow, going over the
scalping at length tomorrow, i think anyone
trading in trading room, should attend this
series if you are serious about trading and
making money,
[09:19 am] Mitch K: Mitch King: and look for
2nd helping short on TDC later,
[09:19 am] Mitch K: Mitch King: the TDC
short, I’d probably cover,
[09:27 am] Mitch K: Mitch King: hmmm, look
for short in ILMN here
[09:50 am] Kris : Kris : watching TZA for a
breakout over HOD
[09:52 am] Brent : Brent : watching C for a
bounce
[09:55 am] Mitch K: Mitch King: careful with
ILMN short if you are, acting bullish
[09:58 am] Brent : Brent : consider reducing
C if long
[09:59 am] Brent : Brent : 26.85 area next
target on C
[10:00 am] Mitch K: Mitch King: scalp of the
day brent on C, good one
[10:01 am] Brent : Brent : anything from here
on out is a bonus on C
[10:01 am] Brent : Brent : you can consider
closing C or trail your last piece with a
stop
[10:08 am] Brent : Brent : SPY testing
trendline resistance
[10:26 am] Kris : Kris : sorry guys, I’m back
now
[10:26 am] Kris : Kris : to answer your
question joey, we’re still in this
consolidation area in the spy on the daily
after this last 4 day move up.
[10:27 am] Kris : Kris : I would say the SPY
needs to hold that support around 118.50 but
we’ll probably have a few more days of
consolidation or pull back at least.
[10:28 am] Kris : Kris : based on the some
the news I’m still seeing a surprising level
of buyers holding things up.
[10:28 am] Kris : Kris : break over 122 would
be juicy but it might not happen. just have
an alert on that and be looking for longs in
that case.
[10:30 am] Kris : Kris : TZA is coming into a
tipping point soon
[10:39 am] Kris : Kris : The
Benbernanke[10:41 am] Kris : Kris : I’ll pass
on the NFLX new low short, just a risk/reward
issue for me here.
[10:42 am] Kris : Kris : not trading it would
be a lower risk/reward
[10:43 am] Kris : Kris : I know what you
meant
[10:43 am] Kris : Kris : I meant trading
something else would be a better option
[10:45 am] Kris : Kris : ouch?
[10:46 am] Kris : Kris : you trying to swing
that?
[10:46 am] Kris : Kris : your name precedes
you go4it
[11:07 am] Kris : Kris : REGN now open
[11:08 am] Kris : Kris : lol[11:08 am] Kris :
Kris : that was it
[11:26 am] Kris : Kris : you ask for miracles
and I give you the ben bernanke[11:27 am]
Mitch K: Mitch King: getting good bottom in
C, other banks
[11:31 am] Mitch K: Mitch King: should be out
of C
[11:32 am] Mitch K: Mitch King: surprised TLT
reacting so much, it was widely expected the
Fed was going to buy in the longer term
treasuries to drive mortgage rates down
[11:57 am] Brent : Brent : LINTA alert
[12:29 pm] Kris : Kris : for the
exhaustion
[12:29 pm] Kris : Kris : good point rusty
[12:29 pm] Kris : Kris : the shape and size
of the candle body and wicks represents the
price action within that time frame.
[12:29 pm] Kris : Kris : volume is key
[12:30 pm] Kris : Kris : I think it’s one of
the most consistent candle patterns to
trade
[12:31 pm] Mitch K: Mitch King: my guess is
we do this on the daily chart above
[12:31 pm] Mitch K: Mitch King: this is the
SPY, the ETF for SP-500
[12:32 pm] Kris : Kris : gross
[12:32 pm] Kris : Kris : handlebar
mustache?
[12:32 pm] Kris : Kris : lol[12:32 pm] Kris :
Kris : the rollie fingers trade
[12:32 pm] Mitch K: Mitch King: hairy teacup
handle
[12:37 pm] Mitch K: Mitch King: yes agree
TSPT is very dangerous as a short overnight,
it hasnt gone up enough and it is a thin
float.
[12:41 pm] Mitch K: Mitch King: quickie
short, careful, for advanced traders
[12:42 pm] Kris : Kris : we got about 15
minutes left in the day. be careful what
positions you take here.
[12:43 pm] Kris : Kris : especially if you
don’t want hitchikers coming home with
you.
[12:56 pm] Kris : Kris : it’s not a platform
thing sonorant, it’s a broker thing.
[12:57 pm] Kris : Kris : more variables
[12:57 pm] Kris : Kris : or you could do
options but it’s a little trickier than just
stocks
[12:57 pm] Kris : Kris : you need 2 accounts
unless there are inverse instruments you can
trade.
[12:59 pm] Kris : Kris : everyone have a
great night. see you all tomorrow
morning.
[12:59 pm] Mitch K: Mitch King: you guys take
care, see you tomorrow, should have good
action tomorrow,
[01:02 pm] Brent : Brent : have a great
night, see you in the morning
|
[07:03 am] doji : Short below 100 on GS
Kris?
[07:03 am] doji : oh you already posted!
[07:03 am] anthonyb : I think Cramer has
Turret’s
[07:04 am] joeytsa : SINA trying for
lod[07:05 am] joeytsa : daily repeat : GS is
a d o g
[07:05 am] doji : WLT hod[07:06 am] joeytsa
: ANR still strong
[07:07 am] joeytsa : agree on SINA kris,
missed that last short, got the earlier
one
[07:09 am] joeytsa : SINA gap close and
falling
[07:09 am] doji : SINA, NFLX, GS falling
[07:09 am] doji : only WLT up
[07:09 am] eyes-inthenow : S GIS 39.10
[07:10 am] doji : GS
[07:10 am] doji : FSLR lod[07:10 am] doji :
Are you short in GA already Kris?
[07:11 am] joeytsa : president walking eagle
getting ready to talk..starting late as
usual
[07:12 am] observer : Obama’s speaking
[07:12 am] doji : We should have good shorts
with Obama speaking
[07:12 am] doji : GS
[07:13 am] shark : JVA -interesting
[07:14 am] Mitch K: Type message here…don’t
like that chart on JVA shark
[07:14 am] anthonyb : how about MS? reduce,
or exit long here?
[07:15 am] shark : ok, thx, Mitch
[07:16 am] mhaus : yes
[07:16 am] jsn13 : anyone long SINA?
[07:17 am] mikewd2 -: go NFLX
[07:17 am] mhaus : 95 limit
[07:17 am] anthonyb : that’s one heck of an
entry mhaus. Good for you
[07:17 am] mhaus : 92.10 again
[07:19 am] duckfan : HAL
[07:20 am] topdogrex : kris, Nem tg[07:20
am] eyes-inthenow : Mitch on GIS will you
please show me your Entry on Chart I was
really Early
[07:20 am] doji : Did you close SINA
mhaus?
[07:20 am] candelas : amzn trying to
breakout
[07:21 am] derns : Kris…I now believe in
your Obama-short thesis…do you have a sense
on whether markets rebound after he
speaks?
[07:22 am] qwert : mitch thanks for
gis[07:22 am] mikewd2 -: Kris, were you
stopped on your GS first half?
[07:22 am] joeytsa : GS is a swing short for
me…
[07:22 am] goodtimes : EDU rdy?
[07:22 am] doji : Short GS
[07:23 am] ronfrac : MITCH: EDU Long?
[07:23 am] joeytsa : every time it hits
resistance and heads back down
[07:23 am] doji : What is your stop in GS
Kris?
[07:23 am] doji : SPY has made lower high
lower lows today so far
[07:24 am] texas : all group is down POT MOS
TNH CF , any thoughts?
[07:24 am] joeytsa : AMZN hod[07:24 am] doji
: Yoku lod[07:24 am] candelas : that 1
share created bounce
[07:24 am] candelas : AMZN hod[07:24 am]
mhaus : EDU @31.06
[07:25 am] eyes-inthenow : RRC alert
[07:28 am] joeytsa : DMND gap close and
below
[07:29 am] doji : Yoku breaking down
[07:30 am] candelas : watching MOS,CF
[07:32 am] joeytsa : CLF lod [07:31 am]
mikewd2 -: does that usually yield a breakout
Kris?
[07:32 am] mhaus : out EDU @31.14
[07:33 am] qwert : nice trade eyes
[07:33 am] mikewd2 -: thanks Kris, long NFLX
– keeps missing my sell by a couple cents
then tanks
[07:33 am] joeytsa : SINA going for
lod[07:33 am] goodtimes : RRC setting up for
short
[07:33 am] eyes-inthenow : S Nuva 20.86
[07:33 am] eyes-inthenow : out GIS 1/3 38.90
1/3 38.75 1/3 .86
[07:34 am] truck : All these short swings
Mitch posted are working last two days…Hope
everyone got some of them.
[07:34 am] garyb : And when Obama stops his
speech right Kris?
[07:34 am] eyes-inthenow : out 1/2 Nuva
20.40
[07:36 am] mhaus : stopped out on MS
[07:36 am] joeytsa : out SINA short
[07:36 am] eyes-inthenow : stopped other 1/2
Nuva 20.50
[07:37 am] ronfrac : DJX down 26 pts since
he started speaking
[07:37 am] joeytsa : LULU lod[07:37 am] doji
: Kris, what is your average in GS and your
stop price please if you don’t mind? [07:37
am] candelas : nice going Eyes
[07:37 am] Brent : nice trade EYES
[07:38 am] joeytsa : DMND another leg
down
[07:39 am] ronfrac : GS rallying
[07:39 am] doji : stopped Kris on GS?
[07:40 am] ronfrac : MS moving up
[07:41 am] mikewd2 -: i need it Kris, lost a
lot on NFLX last few days
[07:41 am] mando : now he is talking
economy. Shot crude straight up for a while
so watch for the bottom to fall now. Wish he
would just shut up!!
[07:41 am] joeytsa : a very good pre-market
listen, google ‘morning gaps’…leans on the
technical side, gets emailed every morning
approx 6:15pst
[07:41 am] goodtimes : rrc taking off
[07:42 am] topdogrex : rimm still going
down
[07:42 am] joeytsa : RRC nice
[07:42 am] eyes-inthenow : NGD turning
[07:43 am] topdogrex : lod for RIMM
[07:43 am] mikewd2 -: there goes NFLX
[07:44 am] joeytsa : SINA trying to muscle
up
[07:45 am] ronfrac : Takeover rumor RRC
[07:45 am] mhaus : NFLX L129.51, out
133.51
[07:45 am] joeytsa : great mhaus !!!!
[07:45 am] goodtimes : RRClooking just like
the other day
[07:46 am] rusty :
http://stockcharts.com/h-sc/ui?s=nflx NFLX
rsi still only 20
[07:46 am] mhaus : Thanks Kris.
[07:46 am] mhaus : thanks
[07:46 am] mhaus : done for the day. Now
going into SIM mode
[07:46 am] apple : good job mhaus[07:46 am]
topdogrex : thx for RRC 1.5 points
[07:48 am] lightning : L MS 14.59
[07:50 am] anthonyb : es at overnight
support joey
[07:50 am] candelas : short [07:50 am]
candelas : out 1/2 RRC 69.38 [07:50 am]
anthonyb : LMAO!!!!
[07:52 am] candelas : stopped b/e last 1/2
RRC
[07:54 am] mhaus : EQT
[07:54 am] candelas : well pulled 1 point on
first half
[07:55 am] mhaus : COG
[07:57 am] doji : Closed GS S with small
loss
[08:00 am] eyes-inthenow : Kris JDSU
[08:01 am] Kris : did you get it eyes?
[08:01 am] eyes-inthenow : L JDSU .81
[08:02 am] rusty : YOKU radar
[08:02 am] rusty : new lows
[08:02 am] eyes-inthenow : With a .65 stop
on JDSU sound good
[08:06 am] truck : watching ,, CLF
[08:06 am] doji : MS on the run
[08:06 am] eyes-inthenow : out 1/2 12.92
JDSU
[08:06 am] eyes-inthenow : out 1/2 12.92
JDSU
[08:07 am] neuronx : Kris you will take 2nd
half COG soon?
[08:07 am] doji : Move on MS
[08:07 am] derns : MS has turned up
[08:08 am] anthonyb : guys I’d love to stay
but I have to leave. awesome day today. see
you all tomorrow
[08:10 am] Kris : don’t put it on .80
[08:10 am] Kris : .78 eyes
[08:10 am] eyes-inthenow : Have second Half
Stop .80 JDSU
[08:11 am] junior : thanks for JDSU
[08:11 am] junior : Kris, still have a
piece
[08:11 am] derns : MNTA…has it adequately
bounced for a run up?
[08:12 am] mhaus : Mitch, what would be a
good point to short EQT?
[08:12 am] lightning : out 1/2 MS 14.74.
[08:15 am] joeytsa : tech the only main
sector up
[08:15 am] doji : Rode MS from 14.6 to
14.73… drop in the bucket, need another
winner to break even
[08:16 am] zentrader : I am starting a short
position here on TSPT, starting small, S 7.34
– aggressive stuff will stop it over 7.67
[08:16 am] neuronx : nice spot on COG for
profit
[08:16 am] mhaus : Kris, when you get a
chance, what is the “Book Trader” in the
Ninja Trader window?
[08:17 am] rusty : HPQ aler[08:17 am]
lightning : HPQ alert
[08:17 am] candelas : selling 1/2 COG
[08:18 am] mhaus : any news on HPQ?
[08:18 am] lara : HPQ- report that board is
going to fire CEO
[08:19 am] mhaus : UPL
[08:19 am] joeytsa : thanks lara..saw HPQ
lighting up he scan, figured something was
up
[08:21 am] zentrader : S EQT 65.21
[08:21 am] mhaus : RRC turning over?
[08:21 am] go4it : anybody have stop on
Nflx?
[08:21 am] zentrader : out 1/4 EQT 65.01
[08:21 am] eyes-inthenow : S EQT 65.04
[08:22 am] mhaus : what is your S entry,
go4it?
[08:23 am] eyes-inthenow : Kris is 65.68 to
big of a stop on EQT
[08:23 am] doji : go4it, stop should be
below 128 for NFLX
[08:23 am] eyes-inthenow : 65.04 S
[08:24 am] eyes-inthenow : Is my stop to
big
[08:25 am] zentrader : out another 1/4 64.67
– EQT
[08:25 am] mhaus : I know 128 is LOD
[08:25 am] mhaus : doji, wouldn’t that
depend on his entry?
[08:26 am] mikewd2 -: HPQ board considering
replacing apothecary
[08:27 am] zentrader : nice one Mitch
[08:27 am] zentrader : all out EQT 65.21
-> 65.01, 64.67, 64.82
[08:27 am] doji : EQT no ready yet?
[08:27 am] Brent : did you take profit on EQT
EYES?
[08:27 am] mikewd2 -: EQT s 65.05
[08:28 am] eyes-inthenow : I had a stop .71
and it sought .89
[08:29 am] zentrader : EQT was fast for me.
I like it that way 🙂
[08:29 am] mhaus : That’s what I thought. My
limit is 1% max 2% risk
[08:29 am] joeytsa : great day for COG
[08:29 am] eyes-inthenow : I had 100 Shares
I was trailing with a tight stop
[08:29 am] doji : mhaus, I agree with you
but it all depends how much loss you are
willing to take
[08:29 am] doji : If it breaks the lod then
it would be in free fall
[08:30 am] zentrader : it went down as low
as 64.38, I didn’t put any orders that low,
didn’t think it would go there that fast
[08:30 am] qwert : wow ilmn awesome thanks
mitch[08:31 am] eyes-inthenow : Do you think
it is too late to short Again [08:31 am]
candelas : thx for HPQ,COG,RRC,EQT
[08:32 am] mhaus : COG moving
[08:32 am] joeytsa : both FXE,FXF could be
setting up a swing short…will keep
monitoring
[08:33 am] go4it : L 132.79
[08:34 am] qwert : yes thanks mitch for
ilmn[08:35 am] joeytsa : APA hod[08:36 am]
lightning : out 1/2 WMB 27.47
[08:36 am] doji : EQT consolidating to move
up?
[08:36 am] neuronx : Mitch you still short
on MTOR 7.45 support its slowing down
[08:37 am] trader28 : Brent. What do you
think about CSX long above 19?
[08:37 am] shark : HPQ running
[08:37 am] rusty : Silvio Berlusconi faces
new calls for inquiry after more “bunga
bunga” claims
[08:37 am] mikewd2 -: my HPQ leaps are up
nicely
[08:38 am] rusty : HPQ first time over 20dma
in months
[08:38 am] lisas : yes, but stopped
[08:38 am] lightning : yes, long WMB 27.20,
out 1/2 27.47. Still in.
[08:38 am] doji : Thanks Mitch
[08:39 am] Mitch K: nice lightning,
[08:39 am] doji : SPY rebounding
[08:40 am] mikewd2 -: out TNA 41.20
[08:40 am] joeytsa : short COG @
76.80…tight stop
[08:41 am] joeytsa : stop set at 76.50
[08:41 am] joeytsa : stop lowered to
76.35
[08:42 am] joeytsa : TAM alert
[08:42 am] joeytsa : stopped…decent
profit
[08:42 am] doji : TZA
[08:43 am] joeytsa : TAM alert
[08:43 am] eyes-inthenow : Does that look
like a good top EQT
[08:44 am] doji : EQT stopped moving up in
line with the SPY
[08:45 am] joeytsa : keep falling TAM 🙂
[08:46 am] neuronx : ILMN new lod[08:46 am]
mikewd2 -: any thoughts on FCX as a long
swing?
[08:46 am] joeytsa : stopped on TAM, 45cent
profit 🙂
[08:47 am] joeytsa : now she drops big, oh
well
[08:47 am] joeytsa : mike: FCX is in a
downtrend, if you do swing long, keep a
pretty tight stop
[08:47 am] cowboyh : took me out of the zone
with that one
[08:48 am] mikewd2 -: thanks joey
[08:48 am] joeytsa : but I’m a little more
conservative on swings/holds now
[08:49 am] storage : thanks for tam s22.22
cover21.30..
[08:49 am] mikewd2 -: understand
[08:49 am] joeytsa : hit my profit stop but
then really took a dive
[08:49 am] joeytsa : did anyone else get
that TAM short?
[08:49 am] doji : SINA in an uptrend
[08:50 am] storage : still learning out
early
[08:50 am] mikewd2 -: looking at Meg Whitman
for HP post (ex-EBAY ceo)
[08:50 am] joeytsa : good one storage..pay
that mortgage 🙂
[08:50 am] joeytsa : BIIB lod[08:50 am]
eyes-inthenow : S GIS 39.01
[08:50 am] eyes-inthenow : S GIS 39.01
[08:51 am] storage : thanks you guys for
teaching us
[08:51 am] lightning : closing out the rest
of WMB at 27.52
[08:51 am] lightning : closed out rest of MS
at 14.73
[08:52 am] mikewd2 -: need someone to drive
that company back up into 30’s, have 60 2013
Leaps
[08:53 am] mikewd2 -: like to buy 2013 leaps
when it’s really ugly
[08:53 am] mikewd2 -: i got lucky, i carried
ILMN over last night but sold premarket
45.3
[08:53 am] joeytsa : the 52wk chart looks
ugly
[08:53 am] eyes-inthenow : Any thoughts on
GIS i am short 39.01
[08:54 am] mikewd2 -: i move profits from day
trading into longer-term investments
[08:55 am] doji : round number
[08:55 am] doji : 40 should be a strong
support for ILMN right?
[08:59 am] doji : ILMN L 40.35
[09:00 am] doji : stop right 39.91
[09:00 am] scalpman : OUt 1/2 ILMN L
[09:01 am] mikewd2 -: good one doji[09:03 am]
Mitch K: you are almost always impatient
EYES
[09:03 am] joeytsa : mike: good strategy
[09:03 am] eyes-inthenow : that is why i ask
Mitch i am working on that
[09:03 am] eyes-inthenow : AM i being too
impatient with GIS or does it look like
consolidating
[09:03 am] doji : move my stop to 40.9 in
ILMN
[09:03 am] scalpman : Out 1/4 ILMN L
[09:04 am] scalpman : All out ILMN
[09:04 am] Mitch K: eyes, you have to calm
down, way down
[09:04 am] joeytsa : moving money from 1
area to another works for me also…got away
from LEAPS though
[09:04 am] doji : stochastics still up
[09:05 am] mikewd2 -: then i don’t pay too
much attention to them
[09:05 am] mikewd2 -: i just like LEAPS cause
i have lots of time
[09:05 am] mikewd2 -: dang, wish that would
have came out an hour ago
[09:05 am] mhaus : RRC
[09:05 am] mhaus : COG
[09:05 am] joeytsa : double-edge sword 🙂
[09:06 am] joeytsa : stepped away and missed
that last beauty COG short
[09:06 am] joeytsa : longest i go now are
3-6 month out options in the money, delta
around 75-80
[09:07 am] mhaus : SWN
[09:08 am] sonorant : guidance on TDC
targets?
[09:08 am] doji : I’ll take 1/2 ILMN here
[09:10 am] joeytsa : didn’t see it posted :
crude inventories came in at -7.3M with -1.6
forecast, previous # was -6.7M
[09:10 am] doji : What are your thoughts in
how EQT moved Mitch?
[09:12 am] qwert : mitch is 53.60 area to
aggressive for tgt on tdc[09:12 am] doji :
No Mitch, my questions was regarding your
previous comments on EQT at 8:37AM
[09:15 am] sonorant : TDC?
[09:15 am] doji : Still riding 1/2 of
ILMN
[09:16 am] scalpman : Time to go. Thanks
for a great day…big winners were RCC and
ILMN and COG. I don’t like to talk money but
I did $2765.00 big day for me. thanks to TSA
for great calls. Bye. See you tomorrow.
[09:16 am] Mitch K: or virtual?
[09:16 am] Mitch K: nice job scalpman, that’s
real money right?
[09:16 am] joeytsa : nice scalp !!!!
[09:16 am] Brent : great work ScalpMan[09:17
am] scalpman : Scalpman has left the
building!
[09:17 am] scalpman : Real you bet…
[09:17 am] Mitch K: scalpman, just keep doing
what you are doing, try to minimize
distractions,
[09:17 am] Kris : well done
[09:17 am] Kris : solid day scalpman[09:18
am] sonorant : great job scalpman!
[09:18 am] rd : any target on TDC short?
[09:18 am] joeytsa : can’t wait Mitch…very
stoked for it
[09:19 am] sonorant : just stopped out,
thanks
[09:19 am] rd : done and thanks
[09:19 am] junior : stopped last piece TDC
thanks mitch[09:20 am] sonorant : see you at
the webinar Mitch!
[09:21 am] rusty : OCLS on low level radar
for ss…..volume very thin so have to wait
for higher
[09:21 am] joeytsa : I’m anticipating the
webinar to be the final piece to my trading
puzzle
[09:21 am] joeytsa : COG consolidating for a
move
[09:21 am] doji : will trails last 1/4
[09:21 am] doji : I took 1/4 out ILMN at
42
[09:22 am] doji : The session tomorrow
starts at 6:00PM ET right?
[09:22 am] Brent : that’s correct doji[09:22
am] joeytsa : price/5/15 all meeting up
[09:23 am] rusty : OCLS tout
[09:23 am] rusty :
http://seekingalpha.com/article/295026-oculus
-shares-should-triple-from-here?source=yahoo<
br />
[09:24 am] junior : MCP lod[09:25 am]
joeytsa : not sure if there is much profit
there though
[09:25 am] joeytsa : ARMH acting strong
[09:27 am] joeytsa : FOMC in less than 2
hours
[09:27 am] doji : All out ILMN
[09:27 am] derns : BAC is taking a
beating
[09:28 am] shark : what caused the market
hiccup? SPY
[09:28 am] rusty : Market appears to be
dropping on a Moody’s downgrade of BAC
debt
[09:28 am] ronfrac : OK Mitch. What the H do
you call the last 2 min.[09:28 am] joeytsa :
good find rusty
[09:28 am] joeytsa : financials are weak
[09:29 am] mikewd2 -: i call it
opportunity
[09:30 am] lara : Moody’s cut BAC debt
[09:31 am] joeytsa : not as big as i
thought
[09:31 am] joeytsa : MTB alert
[09:32 am] ronfrac : Moody’s cuts BAC to
senior debt
[09:33 am] junior : out half mcp[09:33 am]
joeytsa : Kris: can you see the market
making a longer term up move without the
financials, i don’t..any thoughts
[09:34 am] junior : adj stop to be
[09:39 am] rusty : HP’S BOARD IS SAID TO BE
RECONSIDERING PC SPINOFF PROPOSAL
[09:39 am] lightning : me too candelas.
Still 1/2 in ARCO.
[09:39 am] candelas : still have 1/2
position in ARCO
[09:40 am] joeytsa : ARCO might be a
swing/earnings play for me
[09:41 am] Mitch K: what’s your question
ronfrac?
[09:41 am] candelas : cool
[09:41 am] junior : out another 1/4 MCP
[09:43 am] junior : HPQ rocket
[09:43 am] dano : Nice 2 meet u all. Looking
fwd 2 a fun TSA future. And again, u all
rock. Off to the grind. Buh bye.
[09:44 am] joeytsa : have a good one
dano[09:44 am] joeytsa : candelas…ARCO,
went public in april, building a decent base,
decent earnings in july[09:45 am] lightning
: out rest of ARCO here.
[09:45 am] justin : Mitch, Since the seminar
starting tomorrow, do we have trading room
available?
[09:45 am] joeytsa : if i jump in, it will
be nov/dec calls
[09:46 am] Mitch K: yes trading room will be
as usual
[09:46 am] joeytsa : largest Mcd’s in Latin
America…should have some growth..we’ll
see
[09:46 am] candelas : had a nice move off
bottom 4/18
[09:47 am] joeytsa : i like young companies
with big potential growth
[09:47 am] candelas : the daily range has
tighten as well on Nflx[09:48 am] qwert :
candles you buying nflx for swing
[09:48 am] joeytsa : yeah, NFLX been using
that 130 like a magnet all day
[09:48 am] candelas : I traded it and bought
small swing position
[09:48 am] candelas : i entered small swing
in Nflx this am
[09:49 am] lightning : WFC dropping hard
[09:49 am] joeytsa : WFC just had a big
drop
[09:49 am] joeytsa : GS broke under 100
[09:49 am] candelas : i have separate acct
for swings
[09:50 am] rusty : HPQ 25
[09:50 am] lisas : FAZ, opposite is FAS
[09:50 am] lara : Moody’s downgrade WFC
[09:50 am] finn : is there a separate link
and password to log into the webinar?
[09:50 am] doji : GS now dropping…
[09:50 am] doji : BAC tanking
[09:51 am] shailan : Kris was right on GS
[09:51 am] joeytsa : thanks Brent…figured
it would come tonight
[09:51 am] joeytsa : financials in bad
shape
[09:51 am] Brent : there will be an email
going out tonight with that info finn, along
with instructions on how to enter
[09:53 am] joeytsa : CLF lod[09:54 am]
junior : WFC bouncing
[09:56 am] joeytsa : nice call on TDC Mitch,
3 nice shorts on that one
[09:57 am] doji : MS dropping
[09:57 am] doji : C rebounding
[09:58 am] joeytsa : financials had typical
overreaction to news and slight
recovery…still don’t like them though
[09:59 am] lara : now cutting C
[09:59 am] joeytsa : or when the full
housing mess is released
[09:59 am] doji : I think when the Greece
default is announced financials will be hit
very hard
[10:00 am] junior : nice call C brent[10:00
am] doji : Is anyone holding NFLX for swing?
If so, please post your entry price
[10:01 am] candelas : nice call Brent
[10:02 am] doji : Moody’s affirm C A3
long-term rating
[10:09 am] junior : NTAP spiking
[10:11 am] joeytsa : might be setting up for
a big move one way or the other
[10:11 am] joeytsa : after hours check out
PCLN…on the 52wk chart they have made a
triple top on lower indicators…
[10:13 am] joeytsa : as a swing/int, not a
daytrade[10:15 am] qwert : nflx selling
[10:15 am] junior : YHOO alert
[10:15 am] joeytsa : YHOO spike
[10:15 am] doji : no one in NFLX?
[10:17 am] Kris : have a good one apple
[10:17 am] apple : thx MK, K, B and
everyone. gotta leave early today – have a
great evening. see you tomorrow.
[10:18 am] doji : Watch out NFLX?
[10:21 am] hawaii : hey mitch are you going
to be teaching swings too
[10:26 am] joeytsa : SINA just riding
yesterday close [10:23 am] mikewd2 -: oil
services are getting hurt today
[10:23 am] joeytsa : maybe due to the crude
inventory #?
[10:27 am] joeytsa : thanks kris, financials
are a heavy load
[10:29 am] joeytsa : good thing some good
trades today, new stove gonna cost $1700
[10:33 am] mikewd2 -: NFLX nearing lod[10:36
am] lightning : sure seems like volume has
dried up the last 30 minutes
[10:38 am] joeytsa : taking a break with
things slow…get ready for Bernanke
[10:38 am] doji : NFLX clsoe to lod[10:39
am] doji : What time is Bernanke
speaking?
[10:40 am] qwert : Kris- is nflx a good
short below 128
[10:42 am] swingtrader : HPQ looks like a
good short
[10:42 am] qwert : okay thanks just figured
probably a few stops just below
[10:42 am] doji : so L should be the lower
risk/reward Kris?
[10:43 am] doji : NFLX here
[10:43 am] doji : I meant S vs L, one or the
other should offer the lower risk/reward
[10:45 am] go4it : out NFLX OUCH!
[10:46 am] go4it : I went [email protected][10:48 am]
doji : I have my limit order in NFLX at
100.05
[10:49 am] doji : At this drop rate it
should get there by Friday
[10:49 am] doji : 52-week low in NFLX was
127.94
[10:50 am] swingtrader : TSPT is being very
active mitch trying to see if i can
shorted
[10:51 am] rusty : NLFX lod[10:55 am]
candelas : I still have very small long
swing in Nflx. 10% of normal position
[10:55 am] candelas : however I did short
20% of normal position when it broke the
lod[10:57 am] doji : ITMN was my winner
[10:58 am] doji : GS my loser as I entered
my short to early
[11:00 am] rusty : NFLX CEO going to be
speaking 3PM fwiw[11:01 am] candelas : REGN
alert
[11:01 am] candelas : REGN
[11:02 am] rusty : yessir[11:02 am] rusty :
VA Drops Roche’s Avastin for Eye Disease
Citing Infection Risks
[11:02 am] rusty : halted
[11:02 am] qwert : regn halted?
[11:03 am] swingtrader : same Like PUDA
consider lost rusty whoever was trading it
[11:03 am] qwert : had a 4 dollar spread
when it first stopped
[11:03 am] doji : What a jump in REGN
[11:04 am] swingtrader : I hope BAC does not
get halted ..just kidding
[11:04 am] candelas : REGN halt code t7
[11:05 am] qwert : is it circuit breaker for
over 10% move
[11:05 am] candelas : yes
[11:06 am] doji : NFLX Halted!
[11:06 am] doji : Just kidding!
[11:06 am] candelas : dar she goes
[11:07 am] lisas : FOMC minutes 2:15
[11:07 am] derns : market expecting the
twist?
[11:07 am] candelas : not for long
[11:08 am] qwert : anybody in regn[11:08 am]
mhaus : Regeneron (REGN) circuit breaker
again, now up 19.5%
[11:08 am] doji : Halted again?
[11:08 am] candelas : this actually take
away from liquidity
[11:10 am] mhaus : Regeneron (REGN) Shares
Jump as VA Drops Avastin Following
Infection/Blindness Reports
[11:10 am] doji : NFLX 1 cent spread
[11:10 am] doji : at lod[11:11 am] doji : I
wonder how the big guys are playing NFLX?
Short, short short?
[11:12 am] swingtrader : oh yeah dogi was
already played a lot of them shorted at up
200
[11:12 am] sonorant : Kris — are you going
to cover level II in the webinar? I am
looking at an REGN level 2 screen now —
easier to see since it is stopped
[11:12 am] lightning : All done for the day.
See you all tomorrow. Good luck the rest of
the day.
[11:13 am] doji : REGN back
[11:17 am] Brent : yes Kris will be covering
level II sonorant
[11:19 am] sonorant : Brent — do you know
which session?
[11:19 am] zentrader : just got back to my
desk. out 1/4 TSPT at 7.06, my order filled
🙂 This short looks like it’s working
[11:40 am] candelas : trailing last 1/4
REGN
[11:20 am] candelas : out 1/2 REGn 72.86
[11:20 am] Brent : probably in the two
strategy sessions on Sunday sonorant
[11:21 am] doji : Brent where can I get the
sessions’ timing?
[11:21 am] Brent : this link doji[11:21 am]
Brent :
http://www.tradestocksamerica.com/webinar-sch
edule.php
[11:22 am] lara : Are you doing this
live?
[11:23 am] joeytsa : no change in interest
rates
[11:24 am] joeytsa : GLD shooting up
[11:24 am] Brent : yes Lara, then for the
people that signed up, they will get to
watch/review the archives afterwards
[11:25 am] joeytsa : ES 10 point drop in 2
minutes
[11:25 am] doji : Market sell off
[11:26 am] candelas : tightening stop on
Regn last 1/2
[11:31 am] mhaus : AAWW alert
[11:31 am] joeytsa : TLT exploded on the
news
[11:31 am] joeytsa : SINA lod[11:33 am]
joeytsa : opposite on TBT
[11:34 am] zentrader : Mitch what is your
current state of mind on the TSPT short? My
entry is averaged to 7.36
[11:34 am] sonorant : candles, are you still
in REGN?
[11:34 am] candelas : yes 1/2 position
[11:35 am] sonorant : I went back in at
$75.60
[11:35 am] sonorant : do you have a
target?
[11:35 am] doji : SPY dropping again!
[11:36 am] joeytsa : WLT breaking down
again
[11:36 am] duckfan : I guess the market
didn’t like what it heard
[11:36 am] doji : with this yoyo it’s
difficult to trade any of these
[11:36 am] doji : TNA/TZA driving nut
[11:38 am] Mitch K: zen, as a day trade a
good place to cover TSPT, don’t care for it
overnight though
[11:38 am] joeytsa : in less than 15 minutes
the ES went from 1196 to 1182 to 1190 to
1177..crazy
[11:40 am] candelas : out another 1/4 REGN
73.43
[11:42 am] duckfan : nice job eyes
[11:42 am] eyes-inthenow : Long TNA 39.30
out half 39.56 1/4 39.80 and holding last 1/4
with a.45 stop
[11:43 am] Kris : great job aaron[11:43 am]
eyes-inthenow : thanks
[11:46 am] qwert : candles what was your
entry on regn[11:46 am] candelas : stopped
last 1/4 REGN 74.89
[11:47 am] qwert : nice candles i just
watched
[11:47 am] candelas : sorry 76.87
[11:47 am] candelas : avg was 75.87
[11:48 am] sonorant : yes, good job. better
than how I have traded it.
[11:48 am] rusty : TLT hod[11:48 am] rusty
: radar
[11:48 am] eyes-inthenow : DID anyone ride
EQT strait down
[11:48 am] doji : TNA look trendy upward
[11:48 am] candelas : the halts were messing
with me and had to refocus
[11:48 am] candelas : i work hard 4 da
money
[11:49 am] joeytsa : you rock candelas
[11:49 am] joeytsa : LCAPA shoooting up
[11:49 am] candelas : u traded it
Sonorant
[11:49 am] candelas : thx Joey
[11:50 am] lara : Crazy market! They did
just what everyone predicted. Imagine if
they had done something different!
[11:51 am] rusty : Pimco guys shorted TLT at
the low
[11:51 am] rusty : and they are supposedly
the brightest bond guys in the room
[11:51 am] Brent :
http://www.youtube.com/watch?v=x0I6mhZ5wMw
[11:52 am] sonorant : yes, I keep going back
in at the little peaks. But my orders aren’t
preset at the moment to easily split into
bits — so I keep going out on the upswing.
I will have to fix this.
[11:52 am] rusty : probably one of the
reasons its up so much
[11:52 am] rusty : among the macro reasons
as well
[11:53 am] sonorant : I’m still in 50 shares
— this time I split it out by hand — lots
of fussing to do that.
[11:54 am] candelas : u stlll long TNA
EYES?
[11:54 am] candelas : now u worky
worky[11:55 am] sonorant : the problem with
doing it by hand is that if it moves quickly,
I am not in a place to react — move my stops
down — target could get hit before I want it
to be hit
[11:55 am] eyes-inthenow : No hit my stop
[11:55 am] eyes-inthenow : .47
[11:55 am] candelas : still ur having an
awesome day
[11:56 am] sonorant : kind of damned if I
do, damned if I don’t Are you still in last
1/4?
[11:56 am] joeytsa : lowering stop on
LCAPA
[11:56 am] eyes-inthenow : I am still down
for the day but just because i messed up this
morning live and learn
[11:56 am] candelas : yeah i had to learn to
be quick and not get caught flat footed
[11:56 am] candelas : like Brent, he is
light on his feet
[11:57 am] mhaus : I am calling it a day.
Talk to you all tomorrow
[11:57 am] joeytsa : out LCAPA..only 300
shares
[11:57 am] joeytsa : have a good one
mhaus[11:57 am] candelas : ur coming back
nicely it seems, just stay focus
[11:58 am] rusty : NFLX + Facebook rumors –
tba tomorrow says Oppenheimer
[11:58 am] joeytsa : i saw LINTA and LCAPA
at the same time, but saw LCAPA 1st so i
played it
[11:58 am] joeytsa : Brent : must have been
some good news for media stocks
[11:59 am] mikewd2 -: what news?
[11:59 am] joeytsa : the CEO was supposed to
talk wasn’t he?
[11:59 am] joeytsa : lower volume stock so i
didn’t go all out
[11:59 am] eyes-inthenow : good news on
nflx[11:59 am] doji : NFLX
[12:00 pm] rusty : one minute
[12:00 pm] rusty : correct
[12:00 pm] rusty : CEO and/or CFO
[12:00 pm] rusty : 3PM
[12:00 pm] mikewd2 -: i need some good news,
should have stayed out of it – again.
[12:00 pm] lara : possible announcement
about NFLX and facebook tomorrow
[12:01 pm] shark : thx, lara, rusty NFLX
[12:01 pm] mikewd2 -: need a buyout at 230
[12:02 pm] shark : buyout?
[12:02 pm] rusty : shark read above
[12:02 pm] doji : so the move in NFLX is the
last minutes is just pure speculation ah?
[12:03 pm] shark : NFLX at goldman
conference
[12:03 pm] rusty : Oppenheimer made comments
re NFLX
[12:03 pm] mikewd2 -: almost even on NFLX
[12:03 pm] doji : so everyone buying NFLX
now?
[12:04 pm] shark : did you mean 130
mikewd2?
[12:04 pm] mikewd2 -: wow!
[12:05 pm] mikewd2 -: no, i said i would like
a buyout at 230
[12:05 pm] mikewd2 -: lost a lot of money
last three days on it
[12:05 pm] lara : LINTA won court case
[12:05 pm] candelas : speaking of NFLX
[12:05 pm] candelas : i have small long from
this am Doji[12:06 pm] mikewd2 -: NFLX
hod[12:07 pm] rusty : sold 1/2 NFLX swing
[12:07 pm] joeytsa : NFLX on the H list at
lightspeed now
[12:07 pm] rusty : sold 1/2 NFLX swing
[12:08 pm] doji : What is the H list in
Lightspeed Joey?
[12:09 pm] rusty : : NFLX CFO saying did NOT
see big spike in cancels this week
[12:09 pm] mikewd2 -: out NFLX 134
[12:09 pm] mikewd2 -: not bad after being
down a ton at 126
[12:09 pm] Kris : hard to short
[12:09 pm] joeytsa : H= hard to borrow
[12:09 pm] doji : Which means that everyone
is S in NFLX right?
[12:09 pm] doji : so the move up is short
covering
[12:10 pm] candelas : just to give my swing
some cushion
[12:10 pm] candelas : i did hedge Nflx with
a short when it broke 129.18 but covered at
125.73
[12:11 pm] rusty : NFLX hammer with second
highest day volume
[12:12 pm] doji : Here is comes to my 100
limit order
[12:14 pm] rusty : when something very
oversold instead of tight stops suggest
smaller allocation and scale in
accordingly
[12:14 pm] rusty : hard to have tight stop
on volatile stock
[12:14 pm] rusty : ala NFLX
[12:15 pm] mikewd2 -: needs to be multi point
on NFLX
[12:18 pm] derns : Mitch..can you offer an
update on your thots on a NFLX swing?
[12:19 pm] doji : The DSR suggested getting
ready for NFLX in the next 2-3 days
[12:19 pm] doji : If NFLX close in the
upside that would be a good indicator
[12:20 pm] rusty : to see where NFLX is in
general
[12:20 pm] rusty :
http://stockcharts.com/h-sc/ui?s=nflx start
by looking at rsi[12:20 pm] doji : but we
should keep our order very small
[12:20 pm] candelas : definitely small
[12:21 pm] rusty : with huge volume
[12:21 pm] rusty : that would be like buying
a stock at the high
[12:21 pm] rusty : and don’t short hammer
with volume after a long downtrend…..unless
the low is violated
[12:23 pm] doji : Rusty, can you be more
specific? I don’t get it
[12:23 pm] doji : and don’t short hammer
with volume after a long downtrend…..unless
the low is violated
[12:24 pm] rusty : a hammer is a candle with
a long “tail” at the bottom…signifies
buying off the low….if a candle like that
has a lot of volume associated with it….it
often signifies a bottom
[12:25 pm] rusty : same thing with a candle
and a large “wick” at the high
[12:25 pm] Kris : typically it’s a sign of a
reversal in trend
[12:25 pm] Kris : an exhaustion of buyers or
sellers
[12:25 pm] garyb : yes…and I am exhausted
of both today!
[12:25 pm] doji : Ok, now clear as muddy
water
[12:25 pm] Brent : google it doji. Lots of
info online
[12:26 pm] Kris : shooting star
[12:26 pm] doji : Thanks guys, I got it!
[12:27 pm] mikewd2 -: MCP at lod[12:27 pm]
joeytsa : I’ve been studying ichimoku
charts..that’s another story
[12:28 pm] derns : Rusty..can the
interpretation of a reversal from a hammer be
applied at both the top and bottom of a
run?
[12:29 pm] rusty : yes kris brent and mitch
do that everyday
[12:29 pm] rusty : yes derns[12:29 pm] rusty
: not just candle alone
[12:29 pm] rusty : but always look for
volume confirmation with candle
[12:29 pm] rusty : absolutely
[12:29 pm] mikewd2 -: using OBV has really
helped me
[12:29 pm] derns : and, usually on a daily
or can it be applied in shorter time
frames…of course, with volume?
[12:30 pm] storage : Did anyone short lcapa
again?
[12:30 pm] rusty : you look for volume
[12:30 pm] rusty : esp on a panicking
stock
[12:30 pm] rusty : can do it in any
timeframe
[12:30 pm] mikewd2 -: fall MCP fall
[12:30 pm] joeytsa : rusty…do you do this
for daytrades or longer
[12:31 pm] joeytsa : that’s how i see it
too, much easier on daily charts though
[12:31 pm] joeytsa : i took the 1st one
storage, done trading for the day
[12:31 pm] joeytsa : i like to see
confirmation with candles and indicators
[12:31 pm] doji : so looking at NFLX on the
daily we have the candle and we have the
volume right?
[12:31 pm] doji : Please Mitch
[12:31 pm] candelas : that is where east
meets west so to speak
[12:31 pm] candelas : add support/resis and
reversal that much stronger of confirm
[12:32 pm] zentrader : i got disconnected.
Had to reboot my Mac before it would let me
back in. so Mitch or Kris – what is your
current Mindset on TSPT…just looking for
some feedback on latest thoughts…
[12:32 pm] rusty : yes doji, as long as low
not violated… a hammer gives you good
support
[12:32 pm] joeytsa : SPY looks like a bear
flag
[12:32 pm] joeytsa : rollie fingers
[12:32 pm] joeytsa : haha[12:32 pm] candelas
: lol[12:33 pm] joeytsa : with a bit of a
channel
[12:33 pm] joeytsa : also a bit of a
triangle in there too
[12:33 pm] eyes-inthenow : S linta 17.15
[12:33 pm] doji : Thanks Rusty!!!!!!!
[12:34 pm] zentrader : this is a short swing
trade, so I will hold overnight, just curious
on your thoughts…
[12:34 pm] rusty : Mitch’s bull short is a
good example of a similar trade at the
high…i.e. short panic buying
[12:34 pm] Mitch K: zen, as a day trade a
good place to cover TSPT, don’t care for it
overnight though
[12:34 pm] mikewd2 -: covered MCP s 40.98,
nice 0.53 profit
[12:34 pm] Kris : one last thing, you need
the candle to close.
[12:34 pm] Kris : if nflx loses its cookies
and closes near the low all bets are off
[12:34 pm] doji : so if the low is not
violated today then the chances we got the
bottom in NFLX is here
[12:34 pm] candelas : exactly
[12:34 pm] aussie123 : My best day
guys…..made more than enough to pay for my
webinar …and then some
[12:35 pm] zentrader : yeah, that’s what I
thought. I could get out now with a nice
little profit
[12:35 pm] swingtrader : GMCR and SODA still
hanging on…CAT and BA hammered….we need
more coffee and less planes and tractors it
seems.
[12:35 pm] rusty : the other thing NFLX has
going for it is being very oversold
[12:35 pm] rusty : so its “prone” to have
moves like today
[12:35 pm] Kris : that’s awesome aussie123!
look forward to seeing you in the webinar.
[12:35 pm] Brent : nice work Aussie
[12:36 pm] sonorant : good job aussie[12:36
pm] Mitch K: yeah i like NFLX as a long
swing, today is a little early but it is not
dropping much in a down market, my guess is
it turns up tomorrow and over next few weeks
probably 170
[12:36 pm] Mitch K: hey zen, did you get my
message, don’t care for TSPT overnight,
[12:36 pm] Kris : TSPT short looks very
dangerous to me as a swing.
[12:36 pm] Kris : imh0
[12:36 pm] joeytsa : i like to combine
candlestick charting with p&f
charting…always looking for confirmation
[12:37 pm] rusty : that’s the other reason
we don’t go in 100% on these oversold
positions…could go lower so you save some
powder for that possibility…but the lower
it goes…the more likely it will
rebound….if you have the stomach for this
type of trade
[12:37 pm] joeytsa : it really quiets the
market noise down
[12:37 pm] joeytsa : doji: point and
figure
[12:37 pm] doji : Ok
[12:38 pm] doji : and how the P&F chart
look for NFLX right now Joey?
[12:38 pm] candelas : i agree Rusty like
Kris says u want some ammo left
[12:39 pm] Kris : looks like an pa rollout
bootleg
[12:39 pm] Kris : like a football diagram
[12:39 pm] joeytsa : let me look
[12:39 pm] joeytsa : doji: just like i
thought…
[12:39 pm] doji : Sorry guys but if
something I learnt on this life is to always
ask questions
[12:39 pm] doji : if in doubt ALWAYS ask
[12:40 pm] lisas : linta just dropped [12:40
pm] Kris : P&F charts are made up of X’s
and O’s
[12:40 pm] joeytsa : large column of 0’s on
a sell signal..
[12:41 pm] sonorant : NLFX cookies starting
to be eaten a little
[12:41 pm] rusty : you are seeing market
effect now not just individual stock
effect
[12:41 pm] mikewd2 -: maybe this is the
selloff we needed to turn the corner
[12:41 pm] lisas : I had about given up on
it
[12:41 pm] Kris : no time
[12:41 pm] Kris : no
[12:41 pm] joeytsa : won’t become an X until
somewhere above 130, but will still leave it
on a sell signal
[12:41 pm] joeytsa : doji: i rarely use it
on individual stocks though….
[12:41 pm] doji : Kris, can we cover the
P&F chart in the webinar? We can use NFLX
as example
[12:42 pm] storage : thanks for lcapa 2 good
shorts
[12:42 pm] joeytsa : mainly use it on the
NYSE BPI chart and the %30week chart
[12:42 pm] joeytsa : but they are great for
the overall market and the true internals of
teh market
[12:42 pm] doji : I’ll read my book
“Technical Analysis of the Financial
Market”
[12:42 pm] doji : Guys thanks for the
lessson!
[12:43 pm] storage : just like you guys
showed me
[12:43 pm] lisas : I’ll read fanatical
market too
[12:43 pm] joeytsa : thanks for a great day
everyone…
[12:43 pm] joeytsa : see you tomorrow and
looking forward to the webinar
[12:43 pm] candelas : tell me about it 1
share of AVAV
[12:43 pm] rusty : ITALY CUTS 2011 GDP
GROWTH FORECAST TO 0.7 PCT VS 1.1 PCT
[12:44 pm] mikewd2 -: grabbing a little NFLX,
at 127.00 for swing
[12:44 pm] eyes-inthenow : out 1/2 LINTA
16.94
[12:46 pm] rusty :
http://my.jetscreenshot.com/demo/20110921-d8r
a-142kb.jpg SPY daily
[12:47 pm] rusty : note doji candle
yesterday
[12:47 pm] rusty : everyone bullish
yesterday, bearish today
[12:47 pm] Mitch K: bye jr[12:47 pm] mikewd2
-: Mitch, you liking CAT for a long swing?
[12:47 pm] junior : thx mitch, kris, brent
and traders, see ya tomorrow
[12:48 pm] storage : out last 1/3 lcapa
s73.33 cover71.92
[12:48 pm] qwert : mitch- where is your stop
for nflx, thinking of opening small long
now
[12:49 pm] rusty : TLT hod[12:49 pm] mikewd2
-: buying FCX for a long swing
[12:49 pm] eyes-inthenow : out 1/4 .90
LINTA
[12:50 pm] sonorant : Candles, what was your
final exit point on REGN?
[12:50 pm] rusty : everyone flocking to
negative yield US treasuries for safety
[12:50 pm] mikewd2 -: looking at APA also
[12:50 pm] mikewd2 -: i did at 127.00
[12:50 pm] eyes-inthenow : Do you think Call
options are a good Idea on NFLX
[12:50 pm] doji : Anyone taking small long
in NFLX? Mike?
[12:51 pm] mikewd2 -: long APA 91.7
[12:51 pm] candelas : the market stopped me
on last 1/4 Sonorant[12:51 pm] candelas : i
was stopped at 73.69
[12:53 pm] rusty : BAC lod[12:53 pm] mikewd2
-: dang covered MCP a bit to early
[12:53 pm] candelas : i think overall i had
like plus 3.5 points on something like
that
[12:54 pm] swingtrader : who trade BAC
Short?
[12:54 pm] sonorant : Kris, Brent, in NInja
trader is it possible to be both long and
short on a stock at the same time?
[12:55 pm] aussie123 : Mike … also bought
FCX for swing
[12:56 pm] swingtrader : bac getting
crashed
[12:56 pm] mikewd2 -: hopefully they can get
the Indonesia labor issue solved soon
[12:56 pm] doji : damm missed TZA today same
as yesterday
[12:57 pm] rusty : bought some BAC into
panic selling
[12:57 pm] mikewd2 -: yeah missing garyb, he
usually watches those close, TNA, TZA
[12:57 pm] doji : TDA allows that with the
same account
[12:57 pm] eyes-inthenow : out last 1/4
LINTA .89 no hick
[12:58 pm] sonorant : okay, thanks Kris,
that was my sense of it — needed two
accounts or inverse instruments like TNA/TZA.
Was just hoping.
[12:59 pm] qwert : good night everyone see
ya in the am awesome calls today
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