[06:15 am] Kris : Good Morning Traders
[06:16 am] Kris : Life is good now that I’m
back trading. Thanks guys!
[06:17 am] Brent : good morning
[06:17 am] Kris : ACM, AKAM, CENX, EMR, ACI
and CBOU on the short side
[06:17 am] Kris : This morning I’m watching
D, SO, FST, VRTX, MDCO and GOLD for long
setups
[06:19 am] Kris : Do we have any new members
in the room?
[06:20 am] Kris : Did you guys get that NFLX
short under 125 while I was gone?
[06:20 am] Kris : good job qwert[06:29 am]
Kris : 1 minute, Time to Rock!
[06:29 am] Kris : Welcome to the room
bullwind[06:30 am] Kris : C short half
position
[06:31 am] Kris : VECO short half
[06:32 am] Kris : ILMN shot half
[06:33 am] Mitch K: watching APC for
bottom
[06:35 am] Kris : LULU short half
[06:35 am] Kris : SPY new lod[06:35 am] Mitch
K: watching WLL for bottom
[06:36 am] Kris : will watch CREE for a weak
bounce for a possible short soon.
[06:38 am] Kris : watching DECK for a
possible long soon.
[06:38 am] Mitch K: monitoring DECK for
bottom
[06:38 am] Mitch K: watching AGU for
bottom
[06:39 am] Kris : watching AGCO for a long
[06:41 am] Kris : SNDK long half
[06:42 am] Kris : POT long half
[06:42 am] Mitch K: CNX bouncing, many energy
stocks also moving up
[06:43 am] Brent : watching WPRT for a
bounce
[06:43 am] Mitch K: consider reducing AGU if
long
[06:44 am] Kris : GMCR long half
[06:46 am] Kris : ASIA weak
[06:46 am] Mitch K: watching HOG for quick
short
[06:48 am] Kris : looking for new lod in
ILMN
[06:48 am] Mitch K: consider reducing APC
[06:48 am] Mitch K: consider selling AGU
[06:49 am] Kris : ADSK short half
[06:49 am] Kris : LULU heading for new
lod[06:49 am] Mitch K: looking for around $34
for HOG to cover, be flexible
[06:49 am] Mitch K: missed CAKE first short,
watching for rebound for 2nd short
[06:50 am] Kris : ILMN new lod[06:50 am]
Mitch K: a lot of stocks should be good
shorts on top of bounce
[06:51 am] Kris : GMCR and POT trying to hold
this pullback
[06:52 am] Kris : SPY coming down to test lod
support
[06:52 am] Mitch K: ASIA worth small long,
smaller than normal
[06:52 am] Mitch K: stop below 6.70 on
ASIA
[06:53 am] Kris : SPY new lod[06:54 am] Mitch
K: ASIA too slow, dead, don’t like it now,
should have bounced
[06:55 am] Kris : starting to watch TNA for a
possible long
[06:55 am] Mitch K: consider covering CAKE
soon,
[06:55 am] Mitch K: consider covering HOG
soon
[06:56 am] Kris : looking for new hod in
GMCR, held up so far.
[06:57 am] Kris : TZA long over 55.10, look
for some consolidation just under the hod on
TZA
[06:57 am] Mitch K: consider PANL long, late
to see, try long under $45
[06:57 am] Mitch K: don’t chase PANL long
here at this price, if keep moving up, let it
go and just watch for short
[06:58 am] Kris : if you got CREE short on
the weak bounce or new low look to take some
profit here in this area and move down your
stop.
[06:58 am] Kris : LULU making new lows
[07:00 am] Kris : LVS strong today
[07:01 am] Kris : POT new hod[07:02 am] Brent
: consider reducing WPRT if long
[07:02 am] Mitch K: consider reducing PANL
long
[07:03 am] Mitch K: ignore the 07:16 post in
green from Kris, it’s there most every day
from weeks ago
[07:04 am] Mitch K: if still short CAKE, if
bounces off 24, cover, worth holding half of
short open if going under $24
[07:05 am] Kris : POT new highs, still
strong
[07:05 am] Mitch K: looks like new low on
CAKE soon
[07:05 am] Mitch K: too late to short PANL
now but if short, could make new lows
[07:07 am] Kris : out half GMCR long
[07:07 am] Kris : out half POT long
[07:09 am] Brent : reduce more WPRT here
[07:09 am] Kris : I’m starting to scan for
weak stocks that are near their lows during
this run in the markets.
[07:10 am] Kris : CAKE looking weak, see if
we get a flat bounce, could ge a good short
below 23.94
[07:10 am] Mitch K: WYNN daily chart could
show strong long bounce for days
[07:11 am] Kris : ACOM weak
[07:12 am] Mitch K: monitoring CHKP for
short,
[07:13 am] Kris : watching TZA for a long
soon
[07:13 am] Mitch K: the CHKP short idea, take
your time, let it peak first and turn over
[07:14 am] Mitch K: also watching ROK but
similar to CHKP, let it peak first,
[07:16 am] Kris : getting more green coming
across the board, watch that trendline
resistance.
[07:22 am] Mitch K: watching SINA for bottom
for bounce
[07:24 am] Kris : starting to watch TNA for a
long
[07:26 am] Kris : ACOM new lod[07:26 am] Kris
: MON holding up against the pullback
[07:26 am] Mitch K: watching FINL for
short
[07:27 am] Mitch K: consider covering ROK
short
[07:28 am] Kris : MON long
[07:28 am] Kris : TNA long
[07:28 am] Mitch K: watching GES for quick
long
[07:29 am] Mitch K: indicators still pointing
down on CHKP but losing patience, consider
covering
[07:30 am] Mitch K: watching VHC for bottom,
take your time, could drop a lot more before
bouncing
[07:31 am] Kris : VHC nice one
[07:42 am] Mitch K: doesn’t it seem that when
i lose patience with a stock, like CHKP
short, that it continues to work in the
expected direction? most of these just
work
[07:51 am] Mitch K: that’s about it on GES,
went down further than expected., consider
closing long
[07:52 am] Mitch K: when you look at daily
chart on VHC, could drop to 11.50 area before
bounce
[08:05 am] Mitch K: what helps on a stock
like VHC that just keeps going down is move
it to a 3 min chart
[08:06 am] Mitch K: i like these when they
are going straight down and increasing
volume
[08:08 am] Kris : I would hold here
jolliffboy if you’re still long. next time
wait for the 3rd minute to close off the open
to a new high and start with half, then see
if it can hold lod support before trending up
and getting your second half.
[08:08 am] Kris : it will keep you out of a
bad spot.
[08:10 am] Mitch K: US Patent office ordered
re-examination of patent on VHC protocol
[08:11 am] Mitch K: monitoring IOC for short
on top of bounce
[08:24 am] Mitch K: VHC has to the potential
to be a big bounce
[08:26 am] Mitch K: looking for short with
CLR
[08:34 am] Brent : UAL getting some
increasing volume
[08:39 am] Kris : UAL nice setup
[08:40 am] Mitch K: Daily shows support
around 17 on UAL
[08:46 am] Kris : TNA at trendline support
[08:47 am] Kris : UAL trying to flush the
stops
[08:49 am] Kris : the long stops derns[08:53
am] Kris : don’t get too greedy on it derns,
look to take your profit and protect yourself
on it.
[08:53 am] Kris : I think it could get into
18.00 area
[08:55 am] Kris : WLT a little overextended
here for me, coming into longer term
resistance area, would like to see a pull
back and consolidation before another move
higher.
[08:58 am] Mitch K: consider closing IOC
short, just aint working
[08:58 am] Mitch K: consider reducing UAL
[09:07 am] Kris : watch VHC for a break to
new lod[09:14 am] Kris : TZA near hod
resistance
[09:20 am] Kris : JCP ALERT
[09:20 am] Kris : JCP ALERT
[09:21 am] Mitch K: watching JCP
[09:22 am] Mitch K: I like to get a pattern
first
[09:22 am] Mitch K: not saying any trade here
with JCP, just watching,
[09:30 am] Kris : watching TZA for a breakout
to new hod[09:34 am] Mitch K: hey you guys
remember what i said last week that when I
tend to lose patience with something, tends
to go further in the direction that we
wanted? looking at IOC
[09:36 am] Mitch K: yes Joey, exactly. Plus
i tend to expect moves should happen as fast
as JCP correction, lol[09:40 am] Kris : well
done matt
[09:46 am] Kris : break time. I’ll be back
in about 30 minutes.
[10:21 am] Brent : a little late to see
[10:21 am] Brent : watching ANR for a
bounce,
[10:31 am] Brent : if anyone took ANR long,
consider reducing
[10:39 am] Kris : I’m back
[10:40 am] Kris : lol doji[10:42 am] Kris :
scanning for anything that could have held up
against this selloff through support
[10:42 am] Kris : watch the overhead
resistance trendline in SPY
[10:44 am] Kris : MDR looking good for a
possible long soon.
[10:44 am] Kris : SHLD nice consolidation
just under resistance level for past couple
sessions.
[10:45 am] Kris : yes, I’m looking for strong
stocks that are near their highs against the
selling.
[10:46 am] Kris : I know you guys were able
to get some shorts on the SPY break of 112
right?
[10:47 am] Kris : good
[10:49 am] Kris : SPY testing trendline
resistance
[10:53 am] Brent : IOC support around 38.20
area
[10:53 am] Kris : now see if SPY can hold lod
support, we could get a new low here again
[11:22 am] Kris : Trade Ideas and Strategy
Desk mberl1
[11:29 am] Kris : TNA forming a triple
bottom
[11:46 am] Brent : SPY new lod[11:58 am]
Brent : so you have an example shailan? not
sure what you mean
[12:16 pm] Mitch K: short here FFIV
[12:18 pm] Mitch K: follow the SPY and FFIV
chart same time,
[12:25 pm] Mitch K: FFIV not moving down with
SPY, that’s when I close a short that isn’t
moving with mkt[12:34 pm] Kris : I would
start making a list of stocks that are just
over daily support levels for possible shorts
tomorrow if we get a break below 110.00 in
the SPY
[12:39 pm] Mitch K: you guys understood that
comment earlier I made about FFIV not
matching SPY chart (or any index) so you want
to cover a short when the stock isnt going
down but the index is? tells you the stock
is strong, too strong to stay shorty
[12:59 pm] Mitch K: looking for more of a
bounce after initial drop in the morning on
stocks. we are at that same area of August
8-9th so critical support level now
[01:00 pm] Brent : have a great night, see
you tomorrow
[01:00 pm] Kris : Everyone have a great
night. See you all in the morning.
|
[06:12 am] joeytsa : reports: ISM
Manufacturing pmi, construction spending
m/m,ISM manufacturing prces all at 7am PST
[06:19 am] joeytsa : gap up:
WWW,GOLD,NFLX
[06:19 am] joeytsa : gap down:
CRM,BIDU,WYNN,GMCR,SOHU,FSLR
[06:26 am] joeytsa : TZA getting a spike
up
[06:31 am] joeytsa : APC dropping hard
[06:32 am] anthonyb : WYNN!
[06:36 am] mikewd2 -: SINA
[06:38 am] joeytsa : out WWW short
[06:39 am] doji : YOKU spiking
[06:41 am] shark : SPY hod[06:41 am] doji :
AGCO 33.07 L
[06:42 am] joeytsa : BIDU still running
[06:46 am] observer : Thx, Kris, Pot
[06:46 am] anthonyb : CAKE possible 3min
fade?
[06:47 am] joeytsa : VRUS looks weak
[06:48 am] joeytsa : fall VRUS
[06:49 am] lightning : S FMCN 17.97
[06:49 am] joeytsa : out VRUS 🙂
[06:50 am] joeytsa : AAP having a rough
morning
[06:51 am] skydiver : aapl rough day right
before the release of iphone 5
[06:53 am] shark : falling without a
parachute AAPL
[06:55 am] anthonyb : AKAM standing on the
edge of a cliff
[06:57 am] junior : out half WPRT
[06:57 am] derns : Brent..WPRT..3 min fade
long?
[06:58 am] shark : CMG hitting lod[06:58 am]
derns : targeting 27.80 for first half
exit
[06:58 am] Brent : yes Derns[07:00 am] qwert
: ism number
[07:00 am] junior : out another qtr WPRT
[07:00 am] joeytsa : 3 reports out
[07:00 am] doji : SPY spiking
[07:00 am] doji : ISM Manufacturing
September 50.6%
[07:00 am] doji : Any news?
[07:01 am] joeytsa : FOSL might make a run
for the prev close
[07:01 am] candelas : GMCR hod[07:01 am]
mikewd2 -: GM auto sales up 19.8% in
september[07:02 am] observer : GLD
[07:03 am] junior : out last piece WPRT
thanks Brent
[07:03 am] doji : TZA L 52.9
[07:03 am] anthonyb : out 1/2 cake short
[07:03 am] mikewd2 -: August Construction
Spending up 1.4% vs consensus of -0.2% for
the month
[07:04 am] doji : Good TZA, just too on the
ISM news
[07:05 am] shark : I’ll keep some CAKE, and
eat some too
[07:05 am] joeytsa : tighten stop on FOSL if
you are in
[07:05 am] joeytsa : out TZA
[07:05 am] anthonyb : I put my stop at
2cents better than my average price. took off
1/2 at 1%. CAKE
[07:06 am] joeytsa : out FOSL..oh well
[07:07 am] joeytsa : nice doji…i took
50cents
[07:07 am] joeytsa : missed the reversal to
TNA though arrrggg[07:07 am] doji : all out
TZA 53.93 +$1.03/share… great1
[07:09 am] joeytsa : watching SINA, see if
she can break the hod, if not a short might
setup
[07:09 am] joeytsa : i used my future tick
to catch the TZA, by the time i saw the TNA
signal it was too late
[07:10 am] doji : TZA?
[07:11 am] shark : NFLX starting to trade
more with SPY/DIA
[07:11 am] joeytsa : SOHU banged 2nd time on
prev close with reverse back down
[07:11 am] derns : Brent..out WPRT 3/4 with
a remaining stop at 28.25 now..all
simulation
[07:12 am] junior : out way too soon
WPRT…great call Brent, still smok’n[07:13
am] joeytsa : s SINA 73, stop set at be
[07:13 am] joeytsa : close eye on SINA
[07:13 am] doji : NFLX flying
[07:14 am] mikewd2 -: SNDK hod[07:14 am]
joeytsa : trail stop on SINA
[07:15 am] lightning : watching CROX for a
short opportunity
[07:16 am] shark : SPY/DIA hitting upper
resistance
[07:16 am] observer : Thx, Kris, TZA, a
quick 28 pts.
[07:17 am] joeytsa : 28pts or cents 🙂
[07:17 am] doji : TZA L 52.03
[07:18 am] shark : awesome joeytsa[07:18 am]
joeytsa : closed SINA +1.50 🙂
[07:18 am] garyb : me too TZA 52.01
[07:19 am] shark : net + joeytsa?
[07:19 am] mikewd2 -: BIDU and SINA providing
nice bounces both ways
[07:19 am] joeytsa : yeah mike
[07:19 am] joeytsa : shark: one decent sized
loss so far, all else winners
[07:19 am] joeytsa : done for the
morning..just gonna be patient now
[07:20 am] doji : All out TZA 52.75, good
$74c
[07:20 am] joeytsa : shark +6.90
[07:21 am] shark : I’m up 2of3 – net
+3.20ish
[07:21 am] joeytsa : TZA broke through the
prev close
[07:21 am] joeytsa : great doji..you are
rockin’ it
[07:21 am] doji : Thanks Joey!
[07:22 am] joeytsa : nice job shark
[07:23 am] shark : where else can you sell
your CAKE, and eat it too?
[07:23 am] joeytsa : haha…i had BIDU 3
times
[07:23 am] garyb : out TZA! in at
52.01….out 53.05…Over $1 nice!
[07:24 am] shark : awesome. those morning
Rolling Stocks are fun
[07:24 am] mikewd2 -: SINA setting up for
another long
[07:24 am] joeytsa : FSLR lod[07:24 am] doji
: no yet, SPY dropping
[07:25 am] doji : has overhead resistance at
71.5
[07:25 am] joeytsa : SINA higher low with a
lower high
[07:25 am] doji : SINA
[07:27 am] junior : cover half CHKP
[07:28 am] joeytsa : NFLX going for
hod[07:29 am] anthonyb : MDCO
[07:31 am] doji : 3min fade VHC Brent?
[07:32 am] junior : thx for CHKP mitch[07:33
am] mikewd2 -: VHC setting up good
[07:36 am] garyb : in VHC
[07:36 am] mikewd2 -: in 12.95
[07:36 am] skydiver : VHC in at 12.97
[07:36 am] garyb : 13.04 for me
[07:37 am] doji : VHC 12.83
[07:38 am] skydiver : VHC – trade
organization reviewing patent on VHC
[07:39 am] rusty : EK hod[07:39 am] rusty :
DMND radar
[07:39 am] mikewd2 -: on VHC
[07:39 am] mikewd2 -: must be a valuable
patent
[07:39 am] doji : We need SPY to move
up….
[07:39 am] mikewd2 -: Note that on July 11
Apple (AAPL) filed a reexamination request
for the patents.
[07:40 am] skydiver : USTPO reexamination
ordered for VirenetX patent owned by VHC
[07:40 am] shark : EK alert
[07:42 am] mikewd2 -: Economy can’t be too
bad – people buying cars
[07:42 am] mikewd2 -: Volkswagen of America
sales increase 35.6% in September Volkswagen
of America reported 27,036 units sold
in…
[07:43 am] trvlntrdr : GM sold slightly more
cars than expected as well– not as good as
VW
[07:43 am] Mitch K: yeah mike, people are
addicted spenders. buying cars is also a
good medicine for depression
[07:43 am] junior : way to hang in eyes
[07:43 am] junior : so right Mitch
[07:43 am] eyes-inthenow : I am Still in
it
[07:44 am] trvlntrdr : bad news on VHC
[07:44 am] terry : chrysler sales down
27%
[07:44 am] shark : yeah, I’m depressed, NFLX
short dead. Went out and bought a Lexus
[07:44 am] rusty : Prozac works good for
depression and cheaper than a Bentley
[07:44 am] Mitch K: that was a GM
contract-UAW
[07:44 am] Mitch K: i saw Obama gave UAW
workers a $5,000 signing bonus for new
contract. Govt owns a lot of GM
[07:44 am] mikewd2 -: VHC cratering
[07:44 am] garyb : VHC stop out
[07:44 am] doji : VHC stopped at break
even
[07:45 am] trvlntrdr : patent news seems to
be critical, just like drug approvals
[07:45 am] mikewd2 -: yeah VHC wasn’t good
trade at all
[07:45 am] mikewd2 -: should be close to
support
[07:45 am] lightning : We may get another
chance with VHC though
[07:45 am] lightning : I hear you garyb.
VHC was my worst result in a few weeks.
[07:46 am] mikewd2 -: nice big wick down to
12.36
[07:47 am] trvlntrdr : dmnd should be
watched for reversal
[07:47 am] rusty : i wish DMND had more
volume
[07:47 am] eyes-inthenow : stopped out CHKP
.55 short .89
[07:48 am] mikewd2 -: Nasdaq halts trading in
AgFeed for additional information requested
Nasdaq announced that trading was halted in
AgFeed…
[07:50 am] shark : too small a co. mikewd2
-in bed with chinese/accounting issues
[07:51 am] mikewd2 -: yeah, it wasn’t the
company i was thinking when i posted
[07:53 am] anthonyb : new lows for AKAM
[07:58 am] joeytsa : euro-zone manufacturing
pmi at 25 month lows
[08:00 am] mikewd2 -: SINA load
[08:00 am] mikewd2 -: lod[08:03 am] rusty :
TLT hod[08:03 am] rusty : Operation Twist
[08:03 am] rusty : Fed Buys 2.5B in bonds
[08:04 am] skydiver : Welcome Victor
[08:04 am] mikewd2 -: Morgan Stanley states
NFLX is a good buying opportunity
[08:05 am] shark : ok, Mitch. moving now VHC
nicely
[08:05 am] jolliffboy : Hi Kris, you were
watching FST early morning. I bought at 9.75,
any suggestions at this time to hold or get
out?
[08:06 am] doji : No buy signal in VHC 3min
chart Mitch
[08:09 am] rusty : BAC website down
[08:09 am] jolliffboy : Thanks Kris. Will
do.
[08:10 am] shark : AGAIN rusty???
[08:10 am] reacher : covered my VHC short
too soon. Nerves.
[08:12 am] shark : it said “down”, but I
managed to get into website Rusty
[08:12 am] skydiver : L VHC 11.60
[08:16 am] trvlntrdr : nissan sales better
than expected too
[08:18 am] mikewd2 -: nice entry skydiver on
VHC
[08:19 am] mikewd2 -: garyb – you have any
AGQ?
[08:21 am] rusty : SOHU hod[08:22 am]
observer : out TNA, 19 pts. thx, Kris
[08:22 am] doji : 19 pts? 19 cents?
[08:23 am] observer : Yes, doji a 19 cent
gain
[08:25 am] trvlntrdr : what do you think
about DMND mitch I would think it is a long
above 75.11
[08:25 am] observer : actually, Lng 32.97,
out at 33.19
[08:25 am] garyb : Hey Mike…no
AGQ…you?
[08:25 am] anthonyb : guys, I’d love to stay
a while longer, but it’s time to leave. Have
a great day everybody and see you tomorrow
[08:26 am] mikewd2 -: yeah, but i’m in from
the other day at 111.88
[08:26 am] mikewd2 -: had no stop – dumb move
but i think 120 will happen soon.
[08:27 am] joeytsa : ALXN lod[08:27 am]
garyb : Mike it looks promising on the
daily
[08:27 am] garyb : Looks like it will head
higher though
[08:28 am] mikewd2 -: i hope so
[08:29 am] shark : you sat thru the weekend
with TNA? wow mikewd2!
[08:29 am] rusty : BIP radar
[08:29 am] rusty : BIP alert
[08:29 am] mikewd2 -: i also jumped into TNA
a bit early (bought at the close on
friday).
[08:29 am] joeytsa : 3 stocks/prices to keep
an eye on longer term….
[08:30 am] joeytsa : AAPL 380, XOM 70 , IBM
165
[08:30 am] garyb : me too….but does not
look so bad, slowly climbing up a
trendline[08:31 am] observer : Obama’s
blabbing again
[08:31 am] mikewd2 -: joey, you jumped into
all those?
[08:31 am] lightning : got a few pennies
back on VHC.
[08:31 am] joeytsa : no, but if it breaks
the 380 level i might buy some puts
[08:31 am] garyb : Hey Joey..are you in
AAPL?
[08:32 am] observer : illusion is right
[08:32 am] Mitch K: good call on BIP rusty
[08:32 am] Mitch K: Dr. Rusty
[08:32 am] joeytsa : he’s still harping on
that job illusion bill
[08:33 am] joeytsa : they are the 3 heaviest
weighted
[08:33 am] joeytsa : PCLN 450 area looks to
be a redzone also
[08:33 am] joeytsa : no mike..watching them
for a sign on overall health…
[08:34 am] lightning : watching UAL for a
bounce
[08:34 am] bullwind : yndx 3 min fade?
[08:36 am] rusty : Congrats Kris!
[08:36 am] Kris : thanks rusty
[08:37 am] djoyner57 : News is that AMR may
file 11 soon
[08:39 am] shark : AMR -definitely crapping
in its pantsuit, today
[08:40 am] garyb : just watching UAL for
now….don’t want to catch a falling knife
[08:41 am] derns : UAL is on its 10th 3-min
red candle
[08:42 am] shark : AMR has underfunded
pensions from what i understand [08:42 am]
mikewd2 -: i figured lower fuel cost would be
good for them
[08:44 am] rusty : AMR one of the few that
didn’t file bankruptcy in the past several
years
[08:48 am] derns : Kris…the long stops or
short stops?
[08:49 am] derns : got it…I thot that was
the case, just wanted to be certain…3 min
fade long looks like the play..
[08:54 am] mikeal : chris what do you think
of wlt here
[08:54 am] derns : UAL simulation…long at
17.58…targeting 17.85 for 1/2 exit and
possible 18.3 total upside
[08:54 am] lightning : out 1/4 UAL long
[08:55 am] derns : oops…didn’t see your
comments Kris..sorry[08:55 am] scalpman :
Out 1/2 TNA L
[08:55 am] lightning : sorry, another 1/4,
still holding 1/2 UAL
[08:55 am] lightning : out another 1/2
UAL
[08:57 am] scalpman : Out 1/3 UAL L
[08:58 am] scalpman : All out UAL
[08:58 am] rusty : sold BIP scalp
[08:58 am] observer : Long UAL 17.81 out
18.00
[08:58 am] derns : stopped out on my last
half on UAL
[08:59 am] lisas : out last ual[08:59 am]
scalpman : Out another 1/4 TNA L
[09:00 am] observer : Thx to whomever
scanned UAL
[09:00 am] lisas : probably moved my stop
too high, but anyway good play
[09:00 am] joeytsa : nice job on UAL
[09:01 am] scalpman : All out TNA L
[09:04 am] sonorant : I’ve been having
computer problems since early this morning —
had to close a lot of charts and send of some
diagnostics to Ninja T. Just caught the UAL
trade.
[09:04 am] electrader : l UAL 17.67 out 1/2
– 18.00 out 1/4 – 17.93 trailing last
1/4
[09:05 am] storage : Mitch on ual , on the
2min chart stochastic pointing up moving ave.
still up, so no sell sig. yet?
[09:05 am] sonorant : Electrader — I made
money, but you managed it better than I
did
[09:05 am] mikewd2 -: VHC – holds a patent
for technology that has the ability to secure
an entire mobile device, meaning phone-makers
will likely have to pay major royalties
[09:05 am] joeytsa : re: scanning, anyone
tried or had luck with recognia intraday
trader?
[09:06 am] sonorant : I am still
reviewing
[09:06 am] joeytsa : just started playing
with it but seems more geared to swing trades
or 15min chart watching
[09:06 am] electrader : webinar really
helped
[09:06 am] electrader : things finally
clicking
[09:09 am] joeytsa : kind of cool, just to
me more for slower setups..haven’t gone in
depth just yet though…
[09:09 am] joeytsa : its comes with
Lightspeed and also Schwabs Street Smart
Edge
[09:09 am] Brent : I’ve never heard of that
one Joey
[09:10 am] joeytsa : seems like the quickest
refresh i can get is 15 minutes..which is
fine for swings etc[09:14 am] scalpman : All
out TNA S
[09:14 am] lisas : Hey apple, starting week
well, couldn’t get caught up and review until
this weekend. 6 w 3 l, but w’s bigger, so
profitable start to week.
[09:14 am] doji : SPY breaking down
[09:15 am] lisas : thanks, I realized I was
entering second half all wrong on gaps
before
[09:17 am] electrader : stopped last piece
of UAL – 17.90
[09:18 am] joeytsa : you’ll get it
[09:18 am] joeytsa : crawl,walk,fall,walk
more etc[09:18 am] electrader : just need to
do that more consistently
[09:19 am] joeytsa : no perfection in
trading
[09:19 am] joeytsa : good for you
[09:19 am] electrader : it sure won’t be
because I’m not trying lol[09:20 am] monster
: tna double bottom
[09:20 am] joeytsa : JCP
[09:21 am] joeytsa : JCP…new president
[09:21 am] derns : that was a big volume buy
on JCP
[09:22 am] joeytsa : if JCP jumps like that,
can’t wait to see what the market does in nov
🙂
[09:22 am] joeytsa : 2012
[09:22 am] Brent : lol. good one Joey
[09:26 am] monster : mitch, are you looking
for long or short on JCP [09:23 am] trvlntrdr
: panl may be turning up
[09:27 am] lightning : covering 1/3 JCP
26.92
[09:27 am] joeytsa : FSLR running
[09:27 am] doji : JCP S monster
[09:28 am] joeytsa : out FSLR
[09:29 am] joeytsa : price target cut
haha[09:29 am] doji : Any news in FSLR
Joey?
[09:30 am] joeytsa : FSLR basically hit its
head on prev close resistance back down
[09:30 am] joeytsa : falling now
[09:31 am] joeytsa : i got too excited and
missed the double down
[09:33 am] lightning : covering another JCP
26.81
[09:33 am] joeytsa : nice missed short on
FSLR
[09:35 am] rusty : DMND lod[09:35 am]
joeytsa : Mitch: on those situations, is it
because you are thinking the move should have
happened quicker..i get like that often
[09:38 am] candelas : great quote “whenever
market does not act right-that is reason
enough for you to change your opinion and
change it immediately”
[09:39 am] joeytsa : love it candelas
[09:40 am] shark : I love it when a co. like
BAC pisses people off with debit card fees.
we can walk with our feet, and SHORT
[09:40 am] lightning : thanks
[09:40 am] lightning : covered rest JCP
26.81
[09:40 am] Brent : nice trade Matt
[09:41 am] joeytsa : Mitch: same here, i am
always expecting a hyper trade..comes from
years of only playing opening gaps..trying to
get better 🙂
[09:43 am] junior : OPEN
[09:43 am] joeytsa : candelas : how about
this one..”the trick is no being contrarian,
but being contrarian at the right time 🙂
[09:44 am] candelas : like that
[09:47 am] joeytsa : nice to see that Bank
of America has diversified its portfolio..50%
cash, 50% canned goods 🙂
[09:49 am] shark : MS alert
[09:50 am] shark : TZA hod[09:51 am] joeytsa
: GOOG falling under 500
[09:52 am] doji : NFLX lod[09:53 am] doji :
SINA lod[09:59 am] shark : do stocks have
the cool off period rule like the market
indexes have? [09:59 am] rusty : AMR halted
[09:55 am] doji : TNA lod[10:00 am]
trvlntrdr : Mitch is there guidance for
these halted stocks? does that represent
danger or opportunity for traders?
[10:00 am] shark : yeah, AMR hit the circuit
breakers
[10:01 am] joeytsa : TZA still rolling
[10:02 am] doji : More news on Greece? The
SPY may test the August low today
[10:02 am] doji : 110.17
[10:02 am] doji : Aug 9th
[10:04 am] joeytsa : PPO lod[10:04 am]
joeytsa : GMCR breaking down
[10:06 am] rusty : VIX 44
[10:06 am] rusty : bring on the blood
[10:06 am] doji : TNA to break 30
[10:07 am] mikewd2 -: AMR Corp. halted for
another circuit breaker after resuming
trade
[10:12 am] doji : TNA L 30.08
[10:13 am] mikewd2 -: good price doji[10:13
am] joeytsa : good price, not trusting an up
move though
[10:13 am] doji : Yes, I had a tight stop at
29.94
[10:13 am] doji : Moved it above breakeven
(30.15) just in case
[10:13 am] doji : it reverts back
[10:14 am] victor51 : thanks Candelas.
looking forward to work with the super
team
[10:14 am] mikewd2 -: no, i’ve been head
faked a bunch today
[10:14 am] doji : I have been only trading
TZA and TNA and got 5 out of 5 winners
[10:15 am] sonorant : good job doji[10:15
am] joeytsa : TIF broke thru prev
close,tested resistance and more down
[10:15 am] doji : stopped in TNA above
breakeven so this is 6 out of 6?
[10:16 am] joeytsa : FSLR lod[10:16 am] doji
: Remember August 9th lows
[10:17 am] joeytsa : the ES hit 1126 this
morning..might cut through 1100 here soon
[10:18 am] mikewd2 -: maybe this is the
selloff we needed to turn the corner
[10:18 am] lisas : great doji!
[10:18 am] doji : It’s close Joey ES
[10:18 am] doji : Financial are getting
beaten hard
[10:19 am] lisas : ticks have been in
serious selling range since 12:15
[10:19 am] joeytsa : yeah doji: FAZ is
rollin[10:21 am] shark : AMR interesting
chart pattern with all the interruptions
[10:22 am] shark : yeah, exactly…make you
wait longer if you are short, slow painful
death
[10:22 am] shark : doesn’t seem like the
circuit breakers do anything more than excite
more fear
[10:22 am] lightning : little pauses on its
way to zero
[10:23 am] joeytsa : just makes it so you
have to hit an uptick to short
[10:24 am] trvlntrdr : AMR —very low price
for a major corporation— I wonder if it
will be bought
[10:24 am] joeytsa : when all is said and
done, there are going to be some great buys
on good companies
[10:25 am] derns : Brent…did you pass on
ANR due to the low possible gain or
timing?
[10:26 am] trvlntrdr : good thought,
Lightning
[10:26 am] lightning : trv, i expect they
will file for bankruptcy, and then UAL or DAL
will buy them. No sense buying them now and
taking over all their obligations.
[10:26 am] doji : Here comes the selloff
again
[10:26 am] Brent : timing derns, I was late
to see it
[10:27 am] trvlntrdr : SPY low of aug 9
–110.27…
[10:29 am] mikewd2 -: AMR Corp. trading
halted for fourth time due to volatility
[10:29 am] doji : AMR is back again
[10:32 am] mikewd2 -: Toyota September U.S.
sales down 17.5%, to 121,451 units
[10:34 am] lightning : oy, what a market
today
[10:36 am] rusty : ARR alert
[10:36 am] mikewd2 -: CNBC said for the 5th
time, so i assume
[10:36 am] doji : Is AMR halted again?
[10:37 am] rusty : AAR looks like an AMR
trader has a fat finger
[10:37 am] doji : well all financials MS
[10:37 am] doji : BAC is tanking also
[10:39 am] trvlntrdr : toyota and honda
sales down as opposed to Ford, GM
[10:39 am] doji : Watch out SPY
[10:39 am] doji : The sky is falling
Kris!
[10:44 am] qwert : kris mdr for breakout if
hod?
[10:44 am] bullwind : l panl 43.08
[10:46 am] candelas : yes
[10:50 am] lightning : IOC getting
spanked
[11:06 am] qwert : mdr starting to go
[11:06 am] lightning : a little TNA at
29.64
[11:07 am] neuronx : on SHLD
[11:07 am] neuronx : Kris are you looking
for 58.78 break to go long?
[11:08 am] mikewd2 -: hope AMR stays afloat –
have tickets to Costa Rica in January.
[11:17 am] pow : P is setting up for
tomorrow
[11:17 am] lightning : out TNA long for
teeny, tiny gain.
[11:21 am] mberl1 : kris what scanning tools
do u use?
[11:22 am] trvlntrdr : sonorant: the most
important thing to remember about NT is to
have a copy of the license number so you can
cut and paste it to live trade, and to load
the appropriate version of IB’s TWS if you
use IB
[11:23 am] mberl1 : are those independent
websites
[11:23 am] lightning : EVEP spiking down
[11:27 am] Brent : trade ideas is mberl,
strategy desk is from TD Ameritrade
[11:28 am] joeytsa : AAPL seems to be using
375 as support, does the new iphone come out
tomorrow?
[11:30 am] mikewd2 -: TNA lod[11:30 am]
lightning : joey, Apple has an iPhone event
tomorrow and it is expected that it will be
the release of the iPhone 5
[11:30 am] joeytsa : thought so
thanks…might be a buy
[11:36 am] joeytsa : ALXn lod[11:37 am]
lightning : PANL near at the daily 200 MA
for support
[11:38 am] doji : SPY weak
[11:39 am] rusty : Wall Street protesters
dress as zombies in NYC
[11:46 am] doji : here it comes
[11:46 am] doji : Broke lows
[11:46 am] doji : 9 cents short of 09/08
low
[11:47 am] joeytsa : GS just might break
below 90
[11:48 am] hawaii : lets break 1101 and get
this over with
[11:48 am] apple : thx Mk, K and B, and
everyone. gotta pick up my son from school.
have a wonderful evening.
[11:50 am] Brent : have a good night apple
[11:54 am] lightning : out 1/3 PANL L
42.03
[11:56 am] lightning : LOL, out rest of PANL
41.80. That was a fast drop
[11:57 am] shailan : Brent , sometimes you
mentioned a stock making a round bottom, what
does it mean if you in?
[11:59 am] rusty : NAT radar
[12:04 pm] shailan : well the stock is
going down, to resistance but it round up
very slowly to a more or less up position,
hard to explain but Kris r yourself use this
round up term
[12:04 pm] Mitch K: shailan that means not a
fast reversal to me
[12:07 pm] doji : Is 110.16 the bottom?
[12:07 pm] Brent : yes that’s what it is
shailan, just wasn’t sure if you were
referring to a specific stock or not
[12:10 pm] shailan : ok but I just wanted to
know if this is an indicator of some sort for
the stock behavior
[12:11 pm] joeytsa : works on swings/holds
also
[12:11 pm] joeytsa : i take it as a bullish
sign shailan[12:11 pm] joeytsa : esp if it
breaks above the start point of the rounding
pattern
[12:12 pm] joeytsa : that’s the classical
definition
[12:12 pm] joeytsa : for the most part 🙂
[12:13 pm] lightning : TNA is down more than
18% since Aug 9.
[12:15 pm] victor51 : Mitch, do you think
VHC will cont. upward?
[12:15 pm] Mitch K: later joey
[12:15 pm] joeytsa : gotta run, gonna miss
tomorrow open also…wishing you all the best
with your trades !!!
[12:16 pm] joeytsa : bye Mitch, Brent,
Kris….good calls today !!!!
[12:16 pm] Brent : have a great night Joey
[12:17 pm] doji : Is anyone taking home
VHC?
[12:19 pm] topdogrex : I may
[12:19 pm] topdogrex : I may
[12:22 pm] Mitch K: you guys know the
opposing symbol of AGQ, the bear ultra
silver[12:22 pm] doji : ZSL
[12:22 pm] candelas : zsl[12:24 pm] Mitch K:
no, thats not it doji[12:25 pm] Mitch K:
silver
[12:25 pm] doji : Proshares[12:25 pm] doji
: and the opposite is the ZSL
[12:25 pm] doji : AGQ is 3X long silver
right?
[12:26 pm] Mitch K: ok, ZSL is it, thanks
[12:26 pm] Mitch K: later jr[12:26 pm] junior
: Thanks mitch, kris, brent, and traders,
have a good night, see you tomorrow
[12:26 pm] doji : PROSHARES ULTRA SHORT
SILVER
[12:26 pm] Brent : take care Junior
[12:28 pm] doji : Look at VHC
[12:34 pm] garyb : wow..TNA at 28 and
change…..never thought I’d see the day!
Almost a bargain…but it could still go
lower!
[12:37 pm] stevemld : nice rebound VHC
[12:37 pm] garyb : And in just july it hit
90 bucks.
[12:37 pm] doji : Yes Gary, and it will hit
it again eventually…just need yp put some
time
[12:38 pm] doji : This is my 7 out of 7 wins
of the day… good day for me
[12:38 pm] doji : and will take it home
[12:38 pm] doji : I am long VHC at 11.8
[12:40 pm] rusty : AMR SAY NO COMPANY-DRIVEN
NEWS CAUSED SHARE PRICE VOLATILITY
[12:40 pm] Mitch K: hey rusty, i was thinking
$13 on VHC but 5 hours ago, lol [12:40 pm]
doji : To close VHC Micth?
[12:47 pm] victor51 : Mitch, Thanks for VHC
tip. I sold half for profit
[12:48 pm] candelas : this is ur 1st day
right?
[12:48 pm] candelas : nice trade Victor
[12:50 pm] doji : and rebound back
[12:50 pm] doji : 4th time SPY hit 111.25
[12:53 pm] qwert : awesome calls today
thanks to everybody see ya in the am
[12:58 pm] garyb : tna down 15% today
[12:58 pm] garyb : looks like spy will hit
the 110
[12:58 pm] doji : SPY will close at
lod[01:00 pm] doji : But in Aug 9th the SPY
didn’t close at lod[01:01 pm] lisas : Thanks
Mitch, Kris, Brent, room members!
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