[06:11 am] Kris : Good Morning Traders
[06:11 am] Kris : This morning I’m watching
SHAW, DVA, FSLR, JOYG, SFSF, ATPG and HOG as
possible shorts.
[06:12 am] Kris : GRMN, KMB, PH, CROX and IM
as possible longs.
[06:21 am] Brent : good morning
[06:23 am] Mitch : hey what do you guys think
of the position limits suggested by
Commodities TFC?
[06:24 am] Mitch : i think vote is today,
they are putting limits on position sizes in
commodities to “reduce speculation”
[06:24 am] Mitch : it has not been proven by
various people that speculation drives
commodities like gold, oil,
[06:26 am] Mitch : my sense is this is
political, probably coming from Obama,
blaming move of oil to $150 18 months ago was
due to speculation. a convenient excuse. i
think speculation adds an exaggerated move
but I think its best to allow market be as
unhibited as possible
[06:28 am] Mitch : the issue with HFT, high
frequency traders sounds like different
issue. Those guys are presenting thousands
of phony orders on the level 2 to induce
people like us (retail traders) to make
decisions differently and they pull their
orders from the system once they get their
desired result, which is to get retail
investors to buy or sell at certain prices
[06:29 am] Kris : 2 Minutes. Time To
Rock!
[06:29 am] Kris : Get Ready
[06:29 am] Mitch : and then their system
withdraws those orders all this in
milliseconds. so many orders on the level 2,
the market depth is ficticious
[06:30 am] Mitch : and this will eventually
take a little money from the retail trader
little by little over time, not really a
level playing field with HFT
[06:31 am] Kris : BIDU short half
[06:31 am] Kris : NEM short half
[06:32 am] Kris : ANR short half
[06:32 am] Kris : out half BIDU short
[06:33 am] Kris : looking for a new lod for
these shorts
[06:33 am] Kris : SPY trying to hold 120
support
[06:33 am] Kris : WHR short half
[06:34 am] Kris : LULU short half
[06:34 am] Kris : SINA short half
[06:35 am] Kris : out another 1/4 BIDU
short
[06:36 am] Kris : I’ll be looking to enter
TZA long swing today
[06:37 am] Brent : watching JAZZ for a
bounce
[06:37 am] Kris : out half SINA short
[06:38 am] Brent : watching SFSF for a
bounce
[06:39 am] Kris : watch NFLX for a short
below 114
[06:39 am] Kris : watching WLP for a long
reversal
[06:40 am] Kris : BIDU still looking weak
[06:40 am] Kris : LULU no love so far
[06:40 am] Mitch : watching UNH and HUM for
bottom but let them drop a lot, more than
normal
[06:41 am] Kris : out another 1/4 SINA
short
[06:41 am] Kris : some of these stocks are
starting to build nice 3MF long setups. just
be patient and let them drop into support.
[06:41 am] Kris : SPY reversed hard, heading
for the lows
[06:41 am] Kris : watching URBN for a long
reversal
[06:42 am] Kris : BIDU setting up for a
long
[06:42 am] Kris : let me get out of my short
first mitchy
[06:42 am] Kris : out all BIDU short
[06:42 am] Mitch : CE shortable around
39.20
[06:42 am] Mitch : watching SINA for bottom
to buy
[06:43 am] Kris : NFLX coming into 114
support
[06:43 am] Kris : out half LULU short
[06:43 am] Kris : SPY new lod
[06:43 am] Kris : would like to see some
consolidation above 114 before the break and
flush
[06:43 am] Mitch : looking for shorts on top
of the bounces of JAZZ. NUAN, missed FOSL
around 90.50
[06:44 am] Kris : out half ANR short, it’s
lagging a little, gonna protect my gains.
[06:44 am] Mitch : watching RL for bottom
[06:45 am] Kris : LULU still hanging at the
lows
[06:45 am] Kris : NFLX short small
position
[06:45 am] Kris : out half NEM, lagging
also
[06:45 am] Mitch : also watching SFSF for
short on top of bounce that has started
[06:46 am] Kris : LULU new lows
[06:46 am] Kris : will look to add on a
bounce in NFLX into resistance levels
[06:46 am] Mitch : watching APKT for
bottom
[06:46 am] Mitch : watching CTRP for
bounce
[06:47 am] Kris : out half HAL short
[06:47 am] Mitch : SPY breakeven for day, now
slightly negative
[06:47 am] Mitch : watch the casinos: WYNN,
LVS for bounces, always good movers both
ways, very volatile
[06:48 am] Kris : moving stop on rest of ANR
to BE
[06:48 am] Kris : moving stop on rest of NEM
to BE
[06:48 am] Kris : out half ANR short
[06:48 am] Mitch : watching PH for bounce
[06:48 am] Mitch : watching VMW for bottom to
buy
[06:49 am] Kris : might consider a long in
TNA soon too
[06:49 am] Kris : NEM new lows
[06:49 am] Kris : ok, start looking for
strong stocks against this selling
[06:49 am] Kris : we should get a bounce
soon
[06:49 am] Mitch : BIDU bouncing
[06:49 am] Mitch : new low on FOSL, this is
pattern we want to short tops of bounces
[06:50 am] Kris : gonna try and sit on the
last 1/4 LULU short with stop at BE
[06:50 am] Kris : out another 1/4 LULU
short
[06:50 am] Mitch : watching CSTR for
bottom
[06:51 am] Mitch : UNH and HUM bounce doing
well, next trade on this is short but may
take a while, ride out longs first
[06:51 am] Mitch : we are looking for these
bounces to look like the NUAN chart
[06:51 am] Mitch : which is on the right
[06:52 am] Kris : HGSI is a stock that is
holding up, I’ll watch that for a possible
long on a SPY reversal
[06:52 am] Mitch : ideal to have bounce in
SPY (S&P 500 index etf) correspond
and parallel bounce in something you went
long at the bottom
[06:53 am] Kris : WHR near lod, still have
1/4 position
[06:53 am] Kris : WHR new lod
[06:53 am] Mitch : SPY still heading down but
should give good tradable bounce across the
board with many stocks on one good bounce,
probably followed by decent short scalps on
those bouncers
[06:53 am] Mitch : watching GMCR for
bottom
[06:54 am] Kris : HAL new lows
[06:54 am] Kris : ok, start watching for the
bounce in the SPY soon
[06:54 am] Mitch : CI is also health care
sector, same as AET, these will be good
shorts at some point
[06:55 am] Kris : out all LULU short
[06:55 am] Mitch : getting a bounce starting
with SPY, looks like
[06:55 am] Mitch : VMW bouncing
[06:56 am] Kris : out all NEM short
[06:56 am] Mitch : watching CAM for
abottom
[06:57 am] Kris : housing market index report
coming out in 3 mins
[06:57 am] Kris : mind your positions
[06:57 am] Kris : out all WHR short
[06:57 am] Mitch : UNH turning over
[06:58 am] Kris : starting to watch TNA for a
long
[06:58 am] Mitch : i switch to 1 min chart
when looking to execute
[06:59 am] Kris : looking for a weak bounce
in NFLX and then a new lod
[06:59 am] Mitch : another ideal chart
pattern we want in these bounces are
shortable tops as in PII, didnt see til now,
look at chart on right
[06:59 am] Mitch : thats what we want on
right
[07:00 am] Kris : positive number on housing
index
[07:00 am] Mitch : and we should get a drop
in VMW fairly soon but its strong, so maybe
93 area for short
[07:01 am] Kris : DVA long half
[07:01 am] Mitch : COG trying to bounce
[07:01 am] Mitch : NFLX stopped going down
for now but looks weak as far as a bounce
[07:02 am] Kris : no conviction by the longs
yet
[07:02 am] Kris : SPY coming back down to
test lows
[07:02 am] Mitch : switched VMW chart to 1
min
[07:03 am] Kris : NFLX weak bounce so far
[07:03 am] Kris : short more NFLX
[07:03 am] Kris : SPY new lod
[07:03 am] Mitch : all healthcare stocks,
UNH, HUM, AET, CI all were excellent bounces
and having excelelnt shorts
[07:04 am] Kris : don’t chase it here to add
NFLX
[07:04 am] Kris : I don’t know what’s in this
coffee but I hope I can find it at costco
[07:04 am] Kris : too late
[07:04 am] Mitch : COG bounce weak
[07:04 am] Mitch : missed the DVA top but
monitor to short around 65.75 area if it gets
there
[07:04 am] Mitch : new low on SINA
[07:05 am] Mitch : GMCR bounce getting toppy
(means getting close to peaking and turning
over)
[07:06 am] Mitch : first helping short in
healthcare stocks here, can hold through this
bounce (better) or try to cover and short
again, (more difficult)
[07:07 am] Mitch : RL bouncing stronger than
expected, didnt mention this one but now
watch for top to short in RL, Ralph Lauren
[07:08 am] Kris : looking for 38.39 first
target TNA long
[07:08 am] Kris : SPY pushed through
resistance
[07:08 am] Kris : this could have some follow
through
[07:08 am] Kris : TNA long half
[07:08 am] Mitch : here is opportunity for
better short price on VMW
[07:08 am] Mitch : VMW probably turns over
here soon
[07:08 am] Mitch : WYNN bouncing much
stronger than LVS, unusual, tells me to watch
for more bounce in LVS
[07:09 am] Kris : watch that 120 SPY as next
resistance
[07:09 am] Mitch : ok, no bounce in
healthcare, more downside
[07:10 am] Kris : out half TNA long
[07:10 am] Kris : YOKU short
[07:10 am] Mitch : SINA doing what is
expected on daily chart, more down but could
give good bounce sometime today
[07:11 am] Kris : BIDU and SINA getting
defended
[07:11 am] Kris : crybabies
[07:11 am] Mitch : LNCR more downside
[07:11 am] Mitch : makes sense the bounce in
indexes at open was headfake
[07:12 am] Kris : CELG short
[07:12 am] Kris : moving up stop on last 1/4
TNA to BE
[07:12 am] Kris : out another 1/4 TNA long
[07:12 am] Mitch : put ATW on your watchlist
for potential shorts
[07:12 am] Mitch : SPY bounce turning over a
little
[07:13 am] Kris : no, I’m not short VMW
boomboom
[07:13 am] Mitch : new low on BIDU
[07:14 am] Kris : but it’s making a lower
high and at trendline support
[07:14 am] Kris : SPY trying to hold up
here
[07:14 am] Mitch : continue monitoring CSTR
for short
[07:14 am] Mitch : watch WRC for short, lower
vol but monitor
[07:15 am] Kris : DISH has fleas
[07:15 am] Kris : IBM new lod
[07:15 am] Mitch : monitor NUAN for short
around 22.80 area
[07:15 am] Mitch : still liking VMW as
short
[07:16 am] Mitch : watching PVH for short on
top of bounce
[07:17 am] Kris : FMCN weak bounce, I’ll look
for a short on a new lod
[07:17 am] Kris : SPY turning over
[07:17 am] Mitch : SPY bounce turning over
[07:17 am] Mitch : WYNN short on top of
bounce working well, LVS dropped faster.
THis is exactly what you are looking for.
many targets today for this technique
[07:18 am] Kris : NFLX still looking weak
[07:18 am] Kris : sellers coming in here
[07:18 am] Mitch : but those two i just
mentioned, WYNN and LVS are over, got it? no
trade in these two, these are examples
[07:18 am] Mitch : PVH toppy
[07:19 am] Mitch : ok now with PVH, you are
looking for around 63.75, maybe toward low on
day like today
[07:19 am] Mitch : went back to 2 min
chart
[07:20 am] Mitch : VMW turning down, atta
boy
[07:22 am] Kris : SPY quick bounce
[07:22 am] Kris : YOKU new lows
[07:22 am] Mitch : RL moving higher
[07:22 am] Mitch : small short in KSU here
[07:24 am] Kris : CTSH short half
[07:24 am] Mitch : CRR toppy, decent short
[07:24 am] Mitch : good little buy program on
indexes
[07:24 am] Mitch : keep monitoring NUAN for
short
[07:25 am] Kris : HRBN breaking out
[07:26 am] Mitch : watching COG, stronger
than expected, watch for shortable top
[07:27 am] Kris : looking to enter my first
1/4 in TZA long swing here just over 40.00
[07:27 am] Mitch : watching RNOW for same
pattern. market is little strong last few
min for shorts
[07:28 am] Mitch : but this pattern of
shorting on top of bounces should work.
trying to set you up with many ideas that
will last for maybe 90 min or 2hours
[07:28 am] Mitch : VMW not cooperating for
short yet, looking trendy, which isnt good
for short
[07:32 am] Mitch : your heads should be
swiveling right now scanning many of the
stock charts posted below, looking for top
and shortable entries
[07:33 am] Kris : out all TNA long
[07:33 am] Mitch : thats how you make more
money, build charts for many of these symbols
and then monitor. YOu get paid right now in
the first 90 min each day
[07:34 am] Mitch : RNOW turning over
[07:36 am] Kris : SPY testing hod
resistance
[07:38 am] Kris : PNRA short half
[07:38 am] Kris : TEVA short half
[07:39 am] Mitch : NUAN turning over
[07:40 am] Mitch : watching WDC for short at
some point, strong right now
[07:41 am] Kris : SPY new hod
[07:41 am] Mitch : dont like how VMW is
acting for short; could eventually turn over
but other targets better
[07:41 am] Mitch : for short
[07:41 am] Mitch : FOSL another short
target
[07:41 am] Mitch : MCP also good target
[07:42 am] Kris : could be a false breakout
on SPY, see if it has follow through
[07:42 am] Mitch : new high on SPY
[07:43 am] Kris : JOYG consolidating under
resistance
[07:48 am] Kris : NFLX new lod
[07:49 am] Kris : PNRA still looking weak
[07:52 am] Kris : JPM defending UNH
[07:53 am] Mitch : MCP toppy
[07:54 am] Kris : SPY testing trendline
support
[07:55 am] Mitch : watching COG closer for
top
[07:56 am] Mitch : RL toppy
[08:05 am] Mitch : anyhone short LNCR
again?
[08:13 am] Kris : watch NFLX for a break
below 112
[08:30 am] Brent : SPY coming into trendline
resistance
[08:33 am] Mitch : CSTR not looking good from
here on short
[08:33 am] Mitch : FOSL turning over
[08:34 am] Mitch : PVH still possible, slow
motion but should break down
[08:36 am] Mitch : see this chart here on
left? this is what we are looking for
[08:38 am] Kris : SPY breakout new hod
[08:38 am] Mitch : but CHKP could easily give
another helping short
[08:38 am] Mitch : CHKP is example of what we
want blake, not a trade idea
[08:38 am] Mitch : problem is SPY just made
new high and climbing so its hard to short
now
[08:39 am] Kris : watching TZA for a long day
trade here
[08:39 am] Kris : we’re getting some
increasing price and volume
[08:39 am] Mitch : anyone get part of SINA
bounce
[08:40 am] Mitch : monitor CXO
[08:58 am] Brent : SPY new hod
[09:18 am] Brent : SPY coming into trendline
support
[09:40 am] Kris : held trendline
[09:40 am] Kris : SPY new hod
[10:08 am] Kris : SPY consolidating and
coming into trendline support again
[10:29 am] Mitch : should get a bounce here
in the SPY, indexes, check TNA as long
[10:52 am] Brent : SPY testing hod
[11:13 am] Mitch : did you guys follow
through with those shorts?
[11:22 am] Kris : MANH ALERT
[11:22 am] Kris : MANH earnings beat
[11:24 am] Kris : break time. be back in
30
[12:00 pm] Brent : SPY new hod
[12:32 pm] Mitch : MCP shortable here
[12:44 pm] Mitch : for MCP short to work
[12:44 pm] Mitch : no market too hot
[12:53 pm] Brent : Have a good night
everyone. I’ll be out until Monday. Hope
everyone has a great week and weekend
[01:00 pm] Kris : good night everyone. see
you tomorrow morning.
[01:01 pm] Mitch : later guys
|
[06:06 am] joeytsa : Bernanke speaks at 1:15
est, PPIm/m up,Core ppi m/m up slightly, TIC
long-term purchases up huge…
[06:09 am] anthonyb : joey, any news on
CROX?
[06:09 am] joeytsa : earnings
[06:09 am] joeytsa : same with IBM
[06:09 am] joeytsa : they are down $9
[06:10 am] joeytsa : CROX reported last
night i think
[06:11 am] anthonyb : Nov 3 I think
[06:11 am] anthonyb : they cut their
forecast
[06:11 am] candelas : financials gettn a bid
premktt
[06:11 am] joeytsa : lowered earnings/sales
outlook, slowing growth in europe
[06:11 am] joeytsa : must just have been a
news leak then
[06:13 am] sonorant : gm all — joey, what
is ppi? ppi core?
[06:14 am] joeytsa : sonorant, producer
price index
[06:14 am] joeytsa : sonorant, producer
price index
[06:15 am] joeytsa : core= excludes
food,energy
[06:15 am] joeytsa : m/m= month to month
[06:16 am] sonorant : so if it is up that is
bulllish? bearish?
[06:17 am] joeytsa : gap ups:
GS,HGSI,FSLR,AAPL,EMC
[06:17 am] trvlntrdr : crox does have
official earning release later this month but
they did lower their next quarters
expectations. still they expect growth
[06:18 am] joeytsa : gap down:
CROX,IBM,REGN,DECK,HOG
[06:22 am] jewels : Good morning. I’m pretty
new to the room. I’m still watching to see
how you roll in here.
[06:23 am] blakesax : I’m new too jewels,
from what I see. They roll on a gravy train
with biscuit wheels
[06:23 am] joeytsa : i dont usually play
lower priced stocks, but both HALO,CHUX have
decent gap ups
[06:23 am] joeytsa : welcome jewels
[06:23 am] lisas : hi jewels, welcome to
room
[06:25 am] derns : Mitch..do those limits
affect ETF’s such as SLV, AGQ, ZSL?
[06:25 am] joeytsa : they will grant
exemptions for bona fide hedging
[06:26 am] sonorant : I heard that one of
the issues is speculation on the price of
food items — driving up the cost of food.
That would effect the general public more
than speculation on gold.
[06:26 am] trvlntrdr : I think some of the
increase in gold could be due to buying by
China and India, isn’t that a possibility?
[06:29 am] trvlntrdr : HFT could be solved
by restricting orders to 1-2 a sec it
seems
[06:30 am] bandit : why waltz when you can
rock and roll?
[06:30 am] joeytsa : VMW watch
[06:30 am] joeytsa : yeah Mitch, level2 has
really changed
[06:30 am] shark : Fundamentals win at the
end of the day!
[06:30 am] shark : You can only fake the HFT
prices for short ter
[06:31 am] joeytsa : out VMW…looking for a
short setup
[06:31 am] shark : GMCR selling
[06:31 am] skydiver : watching VMW
[06:32 am] shark : LULU dropping
[06:33 am] joeytsa : watching NFLX
[06:33 am] skydiver : covered VMW 71
[06:33 am] skydiver : S VMW 93.72
[06:34 am] shark : LULU dropping
[06:34 am] shark : yeah, just have to pay
more to “watch” it now joeytsa
[06:34 am] skydiver : covered VMM 92.71
[06:36 am] garyb : Doji, I ended up buying
more TZA
[06:37 am] doji : Keep a close eye in TZA…
just in case in reverse today
[06:37 am] garyb : THanks for the update
Kris! I am loading up slowly
[06:37 am] joeytsa : SINA falling
[06:38 am] anthonyb : FRX
[06:38 am] anthonyb : MAT
[06:38 am] joeytsa : closed out on VMW short
🙂
[06:38 am] skydiver : watching JAZZ
[06:40 am] joeytsa : TZOO
[06:41 am] doji : SINA tanking
[06:41 am] joeytsa : might be too late
sorry
[06:41 am] shark : GMCR further down move
[06:41 am] skydiver : good job joey!
[06:42 am] anthonyb : FRX
[06:42 am] joeytsa : closing HGSI short
[06:42 am] joeytsa : great trade Kris
[06:44 am] shark : GMCR testing yesterdays
low
[06:44 am] trvlntrdr : hog moving up while
spy falling
[06:45 am] joeytsa : VMW trying to close
that gap
[06:45 am] mhaus : HAL
[06:46 am] doji : NFLX S below 114
[06:47 am] joeytsa : VMW trying to set up a
3mf,
[06:48 am] joeytsa : VMW just broke below
the prev close
[06:49 am] mikewd2 -: WLT lod
[06:51 am] garyb : Hey Mike…you are not
swinging TZA?
[06:51 am] mikewd2 -: CRM
[06:51 am] mikewd2 -: out TZA +0.73
[06:51 am] ppann : nice trade mike
[06:52 am] doji : TZA moving up
nicely….
[06:52 am] ppann : trying some ES at 1189
[06:52 am] shark : LULU nice drop
[06:53 am] joeytsa : still watching VMW,
left a lot of money on the table on that
short
[06:53 am] mhaus : CI
[06:54 am] doji : TZA will add more on a
drop
[06:54 am] joeytsa : thanks Mitch
[06:54 am] mikewd2 -: SINA
[06:55 am] garyb : Me too doji
[06:55 am] ppann : total of 12 cars
[06:55 am] shark : yeah, LULU short!
[06:56 am] joeytsa : trailing VMW up
[06:56 am] ppann : added at 87.5
[06:57 am] doji : Swing Shorts in NOV and
LVS after the open today as per DSR
[06:58 am] joeytsa : keep trailing VMW if
you are in
[06:59 am] garyb : Mike….did you get
caught in the AGQ drop or did you sell it
before?
[06:59 am] joeytsa : out half VMW
[06:59 am] shark : CMG under the weather
[07:00 am] joeytsa : on VMW if a lower high,
look to short possibly
[07:00 am] joeytsa : stopped out 🙂
[07:00 am] ppann : took half off at 1190
[07:01 am] derns : CROX moving back up
[07:01 am] mhaus : GMCR
[07:01 am] ppann : gonna see if i can get 91
on the rest
[07:01 am] ppann : made +1.25 on the
first6
[07:02 am] doji : SPY also look weak on this
bounce
[07:02 am] joeytsa : s VMW at 92…stop set
at be
[07:03 am] joeytsa : lower stop to 91.50
[07:03 am] joeytsa : out half…VMW=$$
today
[07:03 am] mikewd2 -: nice work on VMW
joey
[07:04 am] joeytsa : all out VMW
[07:04 am] joeytsa : thanks gary…stop
moved to 91 on last half
[07:05 am] joeytsa : 4 trades on VMW this
morning
[07:05 am] mikewd2 -: BIDU
[07:05 am] ppann : grabbd CL long 85.71
[07:06 am] joeytsa : thanks again Mitch for
GMCR, lower high on that last bounce also
[07:07 am] mikewd2 -: TNA looks like a 3 min
fade setup
[07:08 am] joeytsa : ppann: did you get that
last ES runup?
[07:09 am] joeytsa : ES= emini s&p
futures
[07:09 am] ppann : yeah got my 1191….+2.5
on that
[07:09 am] sfarrill : what is ES
[07:10 am] mikewd2 -: great call on TNA
[07:10 am] ppann : thank you joey…bounce
came off 10 handle rule
[07:11 am] ppann : out CL,long at 85.93 from
85.71…5 contracts
[07:11 am] scalpman : Out 1/2 TNA L
[07:12 am] joeytsa : GMCR turned down
[07:12 am] scalpman : Out another 1/3 on TNA
L
[07:13 am] boomboom : Kris, are you short
VMW?
[07:13 am] doji : S FSLR here
[07:13 am] junior : out half CAM long
[07:13 am] scalpman : All out TNA
[07:15 am] joeytsa : SPY stuck between the
50/200ma on the daily
[07:15 am] joeytsa : too bad, they are the
only satellite network that provides live
racetrack feeds 🙂
[07:16 am] joeytsa : AAPL weak so far
[07:18 am] joeytsa : DECK with some nice
moves today
[07:19 am] joeytsa : ES at a bit of
support
[07:21 am] joeytsa : APC with a little
strength
[07:21 am] mhaus : VC
[07:22 am] mhaus : TIF
[07:23 am] joeytsa : beautiful scalps on the
ES so far
[07:23 am] Kris : no mike, not enough money
to support, need a bigger move.
[07:23 am] mikewd2 -: setting up
[07:23 am] mikewd2 -: WLT 3min fade short?
[07:24 am] goodtimes : UNH breaking down
again
[07:24 am] joeytsa : ppann: i’m playing
futures pinball right now 🙂
[07:24 am] Kris : maybe closer to 72.00
[07:24 am] mikewd2 -: i see that now
[07:25 am] joeytsa : so far the ES has been
easy, some days i get chopped up
[07:25 am] ppann : out +2 on RL…great
heads up Mitch
[07:26 am] mhaus : SWK
[07:26 am] mhaus : WHR
[07:26 am] ppann : yah the ES is trading
good so far…
[07:27 am] joeytsa : me 2 kris if i see the
ES turn south [07:27 am] doji : will add TZA
over 40 also
[07:27 am] joeytsa : see if it busts through
1194 or not
[07:27 am] joeytsa : see if it busts through
1194 or not
[07:28 am] doji : to have a full position
now
[07:29 am] eyes-inthenow : How about PVH
[07:29 am] garyb : me too doji
[07:29 am] joeytsa : ES broke thru
res..don’t go long TZA just yet
[07:29 am] mikewd2 -: adding TZA 39.85
[07:30 am] joeytsa : me 2 ppann, been pretty
strong though..cant force the trade
[07:30 am] ppann : looking round here for
short ES
[07:31 am] joeytsa : might try to hit
1200
[07:31 am] ppann : i’m looking for 95 to
cover from 97
[07:32 am] joeytsa : indis just turned
down
[07:32 am] joeytsa : still showing strength
though
[07:32 am] ppann : took half off at 95.75
[07:33 am] garyb : I’m getting whiplash over
here Mitch lol
[07:33 am] ppann : scalpd eur/usd too
[07:34 am] anthonyb : VC, SFSF
[07:34 am] garyb : Just added to TZA as
well
[07:34 am] joeytsa : AGU with the gap close
and more
[07:34 am] mikewd2 -: added TZA day trade
39.53
[07:35 am] joeytsa : WLT looking
strong..hod
[07:35 am] ppann : added some to the last
batch at 98
[07:36 am] doji : Watch out SPY challening
hod
[07:37 am] mhaus : WHR still going strong
[07:37 am] truck : COG ,,,,hod
[07:37 am] truck : COG ,,,,hod
[07:38 am] doji : NOV S half
[07:38 am] ppann : 9 cars
[07:38 am] ppann : c/a 97.5
[07:38 am] ppann : gonna try 96 to cover
now
[07:39 am] mhaus : FOSL
[07:41 am] doji : SPY hod
[07:41 am] mhaus : DVA
[07:41 am] ppann : so now next up wave
should hit 1203
[07:42 am] doji : How do you get 1203 ppan
on the ES?
[07:44 am] mhaus : DVA out
[07:44 am] mikewd2 -: WFC hod
[07:44 am] ppann : gonna try a short round
there
[07:44 am] ppann : rules of 3 ,elliott wave
etc…
[07:45 am] ppann : noooo I’m not not gonna
trade ,jeez but if i were to try it would
be round 1203/4 ish
[07:46 am] ppann : just gonna watch the
market for a bit
[07:48 am] ppann : and i would scalp between
1 and 1.5 handles
[07:49 am] truck : COG ,, may produce a red
candle here.
[07:51 am] ppann : the fib
retrace….1230.75 high..to 1186.5 low is
1202.78 at 38.2%
[07:52 am] ppann : i’m just watching not in
it…..
[07:53 am] mikewd2 -: got to leave, good luck
to everyone!
[07:54 am] ppann : 1.5 scalp
[07:59 am] ronfrac : DJ broke uptrend
line
[08:03 am] ppann : if 1203 does not convert
over the lunch hour….then we test the lows
of day
[08:07 am] ppann : the drop goes 7 handles
96ish
[08:08 am] derns : Is there some good news
in the market?
[08:09 am] derns : Thx Ppann…that would
explain it
[08:09 am] ppann : german banks
[08:09 am] ppann : might accept a higher
haircut
[08:10 am] ppann : Micheal Kelmmer…BDB
tell retures
[08:15 am] scalpman : Kris: TZA L over 40
still?
[08:18 am] Kris : I already got my swing
trade piece scalpman
[08:19 am] ronfrac : Kris: What’s your stp
loss
[08:20 am] Kris : 35.85
[08:21 am] boomboom : VMW short look
good?
[08:23 am] neuronx : Kris it might fly up to
60 s area ?
[08:24 am] Kris : what might fly up to 60’s
area?
[08:25 am] Kris : my targets will be 45, 50
and 55 areas.
[08:25 am] neuronx : TZA
[08:28 am] scalpman : TZA L @ 39.34
[08:31 am] ppann : some info on the ES…the
norm for the rest of the day is down
till11:15. will be followed by a bounce into
lunch which then gives another down followed
by an up….the last down is centered aroun2
pm with a wide window 1:30 to 2:30…then the
high of day is centered round 3:40
[08:31 am] scalpman : REverse on TZA @
39.33
[08:33 am] lisas : What time zone are you
referring to ppann?
[08:34 am] junior : MCP running
[08:34 am] mhaus : DPZ
[08:34 am] ppann : any move through 1203
btwn now and lunch 12:20 will make the
moving average, high odds till2:00
[08:37 am] blakesax : Mitch, what entry
target for CHKP short?
[08:37 am] ppann : from 1:10 to 2:40 a zoom
wedge will form thus showing the take to the
upside…
[08:38 am] doji : New hod in the SPY
[08:39 am] ppann : euro,close
[08:39 am] ppann : stops and buy programs
[08:40 am] ppann : 1206.25 is the daily
piviot
[08:40 am] ppann : 20 handle rule
[08:41 am] ppann : 1.7m spy block
[08:41 am] ppann : grabbd some at 1205.5
[08:43 am] ppann : a perfect 20 handles
[08:44 am] ppann : fading more at 07
[08:47 am] ppann : 10 cars
[08:47 am] ppann : cvrd at 1205.5
[08:49 am] scalpman : CXO S @ 83.27
[08:50 am] ppann : i luv nailing tiny scalps
like that…no sweating it…normally i hit
those big because of the fast move
[08:52 am] joeytsa : nice work peter, i
notice you go for a little more than i do
[08:53 am] dano : wish I could say the same
pann…I have a knack of being on the wrong
saide of the mrkt lately…sheesh
[08:53 am] pandozzi : ive been daytrading
sina made nice profits mitch
[08:54 am] dano : seems like I’m a piece or
two away from completing the puzzle
[08:54 am] joeytsa : keep working at it
dano..it will come
[08:54 am] ppann : and sometimes i’ll go for
even less:)
[08:54 am] ronfrac : dano: me 2. That’s why
I switched to Paper trades.
[08:55 am] dano : I do well paper
trading…seems like a curse when I go
live…lol. no emotion I guess in the paper
is the diff
[08:55 am] joeytsa : it’s great for honing
your routine though…
[08:55 am] ppann : its tuff dano….remember
to just stop thinking and ONLY react
[08:56 am] dano : trying joey…screwed up
on faz order…brain fart on the stop…got
blasted
[08:56 am] joeytsa : mistakes are ok just as
long as you learn from them
[08:56 am] joeytsa : unfortunately it
totally leaves out the emotional aspect,
which is a huge factor
[08:56 am] pandozzi : i got a stop on sina
85.40 make another buck boooooya
[08:56 am] ronfrac : I was doing ok trading
live but I’ve been practicing some webinar
stuff on paper and it hasn’t been pretty.
[08:56 am] sonorant : early morning for me
today was a disaster. bad way to start
[08:57 am] dano : funny thing is when I
enter I feel positive the move will go in the
direction I thought it would
[08:57 am] ppann : thinking leads to
doubt..doubt leads to losses….
[08:58 am] pandozzi : go sina my bailout
today
[08:58 am] ronfrac : Mitch: On SPY Stoc Fast
crossed slow down but 50 MA still trending
up. DJI is the same Both 2 minute charts. Any
comment on how to use iun trading?
[08:58 am] sonorant : that’s true, but you
have to be able to put the pieces together
fast enough. A machine can process that in
microseconds. w/o practice, I am much
slower.
[09:00 am] mhaus : VMW
[09:00 am] ppann : there is some thin
chowder stirring round 1207…
[09:00 am] ronfrac : Mitch: Opposite true of
TZA. Stoc positive 50 MA flat to down on 1
min and 2 min
[09:01 am] ppann : bollingers gonna pinch
then bang
[09:06 am] scalpman : Time to go…good day
today…see you all tomorrow.
[09:08 am] rusty : HGSI: GlaxoSmithKline
unlikely to bid for Human Genome, says
Cowen
[09:09 am] ppann : bernak’s speaks at
12:15
[09:12 am] lightning : NFLX approaching new
lows
[09:13 am] ppann : see the BB’s pinched
[09:14 am] ppann : the ES
[09:14 am] ronfrac : pp: on what stk?
[09:16 am] joeytsa : me either ppann…my
bb’s pinched also, but they are really tight
to begin with
[09:16 am] ppann : i of course would be
covering here for +2…but i promissed myself
not to trade this round
[09:17 am] ppann : the chowder should
produce 1203
[09:18 am] joeytsa : got away from bb’s on
stocks when daytrading for some reason…
[09:18 am] joeytsa : i sometimes look at a
widening bb for a pullback trade
[09:19 am] joeytsa : still look at them for
breakouts for swings..just another tool
[09:19 am] ppann : this is following my time
frame commentary i posted earlier
[09:20 am] ppann : should hold the 03’s
[09:22 am] doji : Very weird parabolic shape
on the SPY..
[09:22 am] ppann : phenomena’s
[09:22 am] sonorant : ppann, so what are the
03’s, the 07’s, etc.
[09:23 am] ppann : until the borg
assimilate…then got to start all over
again
[09:23 am] sonorant : can you explain them?
(or do you just intend to drive the rest of
us crazy talking about them? 🙂
[09:24 am] joeytsa : its the ES Theory of
Visitivity 🙂
[09:24 am] ppann : robots work +90% of
market
[09:25 am] joeytsa : Vision + Creativity =
Visitivity 🙂
[09:25 am] ppann : the market has been
moving in these phenom’s sine 2000 [09:25 am]
ppann : 3’s….10 handle rule, a few more
[09:26 am] ppann : converting one layer to
the next
[09:26 am] ppann : multiple of 3’s tend to
get hit on the way up
[09:27 am] joeytsa : you are using time
based charts correct
[09:28 am] ppann : strictly numbers
printed
[09:28 am] sonorant : multiples of 3’s?? 3
trades or 3’s as a function of price?
[09:29 am] ppann : so 1203 to 1206 1209
[09:30 am] ppann : in the phenom…never buy
the ES on the 7’s to the long side
[09:30 am] ppann : in the phenom…the 3’s
will convert to 00’s
[09:33 am] ppann : lots more but won’t say
nada till u get this part
[09:33 am] sonorant : I am still totally in
the dark
[09:36 am] qwert : cmi lots of consolidation
just below hod
[09:36 am] victor51 : Could not find shorts
for SINA on Fidelity. Anyone find any?
[09:37 am] joeytsa : its on the H list at
lightspeed also…changes from day to day
[09:37 am] ppann : anybody can easily learn
it
[09:37 am] ppann : took me 6 mths to catch
it on the fly and a loss of
23,575,bucks…right down to the penny
[09:38 am] duckfan : ppann, is there a
website or book you can recommend that covers
this stuff? [09:37 am] sonorant : well
thanks, but maybe I’m just not cut out for it
— especially since I don’t trade futures
😉
[09:38 am] jimv : ppan: any good study
material?
[09:40 am] ppann : mentions of it here and
there…what i’m saying is more than anyone
wil ever tell you…even the source ,doesn’t
explain it in detail…..
[09:41 am] ppann : don’t trade for 1 day
[09:41 am] ppann : if u really want to grasp
it…
[09:41 am] ppann : look at the prints
only
[09:42 am] ppann : look at the last number
..not the full number …so…ur looking at
1203…only the 3
[09:43 am] joeytsa : so the ES just hit 1209
area…this would be a conversion of 3?
[09:43 am] lisas : ppann, when you say 3’s
convert to 0’s, do you mean it will drop to
00, find support there?
[09:43 am] ppann : or run to 10’s and peter
out
[09:44 am] joeytsa : if i can figure this
out, maybe then i can figure out how to use
limit orders and stop losses on a regular
basis 🙂
[09:44 am] lisas : and don’t go long at 7,
not enough room to take profit?
[09:44 am] ppann : correct
[09:44 am] ppann : the best way to do this
is to then the next day look at the whole
number1203….
[09:44 am] ppann : ur training ur brain and
eye
[09:45 am] joeytsa : almost like pattern
recognition
[09:45 am] ppann : to be able to do this on
the fly
[09:48 am] rusty : FDA Chemist Liang Pleads
Guilty to Insider Trading on Drug
Evaluations
[10:01 am] joeytsa : as of yesterday’s
close, only 19% of NYSE stocks were above the
30wkma, 49% above 10wkma,40% on BPI buy
signal..just some info
[10:01 am] joeytsa : as of yesterdays close,
only 19% of NYSE stocks were above the
30wkma, 49% above 10wkma,40% on BPI buy
signal..just some info
[10:01 am] mhaus : FSLR
[10:03 am] sonorant : my NInja trader went
down – and would not shut down, and now it
will not reboot. May have to start by
downloading again from the website!
[10:04 am] joeytsa : DECK sitting around
20ma support, with earnings coming out on
10/28…going to look for some volume and try
to get an earnings play in
[10:05 am] joeytsa : i saw that a little
while ago..wasnt sure if it was true
[10:05 am] rusty : Obama’s teleprompter,
$200K of equipment stolen in Virginia
[10:05 am] trvlntrdr : Bush’s fault
[10:06 am] eyes-inthenow : FSLR ALERT
[10:08 am] joeytsa : macd trending down
during this consolidation also
[10:10 am] monster : agen
[10:14 am] doji : Market reversing
[10:15 am] terry : agen alert
[10:16 am] shark : NFLX at lod
[10:17 am] joeytsa : bernanke speaking
[10:18 am] rusty : JAZZ defended by
analyst
[10:18 am] sonorant : cstr
[10:21 am] sonorant : CSTR mini plummet
[10:22 am] shark : beautiiful new lod
NFLX
[10:28 am] doji : Did someone shorted FSLR
on this second help?
[10:29 am] mhaus : Kris, are you TZA
long?
[10:31 am] Kris : I’m long TZA swing mhaus,
half position
[10:31 am] mhaus : if you don’t mind, what
is your entry price?
[10:32 am] dano : so long folks…off to the
grind
[10:32 am] Kris : my average is 39.07
[10:32 am] mhaus : below 37.75
[10:32 am] mhaus : I am long at 39.21.
Thinking to add more
[10:33 am] doji : Mhaus, my average in TZA
is 38.23, I have a full position although
less that 5% of my total account
[10:33 am] Kris : I’m gonna save my last 2
bullets for tomorrow.
[10:33 am] mhaus : Ok. Thanks.
[10:38 am] qwert : watching stx
[10:39 am] qwert : stx close to breakout on
daily
[10:40 am] junior : good eye qwert
[10:41 am] observer : Thx, Mitch L TNA 40.69
out 40.86
[10:42 am] candelas : no love APEI
[10:54 am] junior : RCL also close to
possible break out
[11:11 am] blakesax : if RCL can crack .50
and hold, should be a nice move
[11:11 am] blakesax : i’m long from .38
[11:12 am] junior : watching also blakesax,
have not committed though….RCL
[11:13 am] blakesax : it printed some .50’s
but didn’t hold
[11:14 am] blakesax : if it reaches
.59…hang on to your hat junior
[11:14 am] eyes-inthenow : Which ones RNOW
PVH NUAN
[11:14 am] junior : yeah, thought is was
going to point there for a minute
[11:14 am] sonorant : I’m short APEI, and
long (for the 2nd time) RCL
[11:15 am] blakesax : .50’s print
[11:18 am] blakesax : i agree, only small
size and stop is at break even now
[11:18 am] joeytsa : maybe it will pop for
you, but i usually avoid stocks with small
daily ranges..just from my journaling i don’t
get good results
[11:19 am] joeytsa : just today RCL low to
high is $1.19
[11:19 am] joeytsa : some people can work
them great…i haven’t figured it out yet
hah
[11:19 am] sonorant : great insight joey,
thanks
[11:20 am] blakesax : we’re comiing to test
.50 again…needs to break it or else i’m
getting out
[11:20 am] joeytsa : i agree sonorant..i
just have problems getting profits in that
small range
[11:20 am] sonorant : not bad on a $26
stock
[11:21 am] blakesax : .50 bid, let’s go
baby
[11:25 am] blakesax : here we go RCL
[11:25 am] mhaus : GS
[11:27 am] junior : RCL stuck at the dock
[11:28 am] blakesax : i know, got my stop at
.49….that will give 11 cents…i’ll take it
all day
[11:29 am] junior : absolutely
[11:29 am] mhaus : HGSI
[11:30 am] joeytsa : PH on a nice run the
past 30 minutes
[11:30 am] junior : gotta go early, thanks
everyone, see ya tomorrow
[11:34 am] go4it : go cxo
[11:34 am] joeytsa : PCLN not looking strong
on a daily, earning on 11/7
[11:44 am] trvlntrdr : new lod for NFLX
[11:52 am] joeytsa : BEAM with a quick
spike
[11:55 am] lightning : FBHS moving
[11:56 am] monster : big
[12:03 pm] doji : Market spiking up
[12:04 pm] doji : Any news?
[12:04 pm] rusty : Chatter EU bailout
[12:04 pm] shark : thx rusty!!!!
[12:04 pm] sonorant : doji — what is your
TZA entry at?
[12:10 pm] doji : Rusty, my average in TZA
is 38.23, I have a full position although
less that 5% of my total account
[12:11 pm] doji : my stop is 35.5 same as
Kris
[12:11 pm] joeytsa : AAPL running strong,
reports ah
[12:11 pm] joeytsa : i tried a limit just
now, and missed it..should have gone
market
[12:11 pm] lisas : $esinx shows repeat
programmed buying
[12:11 pm] shark : any positions AAPL
joeytsa?
[12:12 pm] joeytsa : GS running up with
market is logical
[12:12 pm] lisas : bonds tanking
[12:12 pm] mhaus : GS
[12:12 pm] rusty : another day on wall
street
[12:12 pm] rusty : market up big on low
volume
[12:12 pm] shark : call buying 2:1 vs puts
AAPL
[12:12 pm] shark : GOOG up in sympathy
[12:12 pm] shark : Wall Street’s little baby
getting ready.
[12:13 pm] joeytsa : yep and TLT dove
[12:13 pm] ppann : took +20 on ES at 1228
[12:13 pm] shark : TBT doing well
[12:13 pm] sonorant : one could day trade
TNA as TZA went down…. would be a great
buffer
[12:14 pm] joeytsa : great job ppann
[12:14 pm] lisas : got 120 ticks on ym, baby
trader, just one contract, lol
[12:15 pm] joeytsa : $5/tick still right?
[12:15 pm] joeytsa : very nice trade lisa
[12:15 pm] Kris : nice trade peter. I didn’t
see your entry post.
[12:15 pm] lisas : yes joey
[12:17 pm] Kris : you took 20 ticks profit on
ES at 1228?
[12:17 pm] sonorant : lisas, how can you
tell there is repeated programmed buying?
[12:18 pm] lisas : http://indexarb.com/
[12:18 pm] ppann : i stopped posting, Kris
it started to get a little peter chat
earlier….i did give a commentary
earlier,based on a proprietary elliott wave
software i use….:)….i just want to post
my +20 bmy best trade of the day:)
[12:19 pm] lisas : sonorant, chart $esinx,
them put horizontal lines at guidelines for
s&p
[12:19 pm] pandozzi : nailed a nice long on
gmcr for a 1.50 profit
[12:20 pm] lisas : I have trouble with gmcr,
bounces around too much for my taste, but
love their coffee!
[12:20 pm] rusty : doji… wasnt personal to
you….was a feable attempt at humor on my
part… no offense intended
[12:22 pm] lisas : sonorant, I also use this
to stay on right side of tna/tza trade, try
to stay with the trend. Somedays it doesn’t
help much, no signals, so then watch
$ticks
[12:23 pm] ppann : I found the bonds move a
bit before the spy…most of the time…
[12:23 pm] rusty : France Germany Agree to
Boost Euro Zone Rescue Fund
[12:24 pm] lisas : ppann, they did start
down earlier, kind of like someone knew the
news was coming out
[12:26 pm] ppann : i see it as the
q-tip—aka old big mony fuddy duddy slower
than even Mitch have to have a head start on
us young securities whipper snappers…:)
[12:25 pm] joeytsa : i agree about the
bonds
[12:29 pm] sonorant : ppann, have you ever
heard of the 42 minute rule for the SPY?
[12:30 pm] joeytsa : time to run, another
good day here in the room…good luck with
the rest of your trades, see you tomorrow
[12:30 pm] ppann : the bots usually buy on
the 35 min mark lately….ie every 35 min
intervals
[12:31 pm] ppann : is that what ur referring
too
[12:31 pm] ppann : used to be 42 min
[12:31 pm] ppann : yup,changed again….
[12:31 pm] sonorant : We had a guy in here a
month or so back swore it was every 42
minutes
[12:32 pm] ppann : aat one point it was on
the 15 min mark per hour
[12:32 pm] sonorant : can you tell where the
reversals will happen as a result of knowing
the timing?
[12:34 pm] ppann : i believe there are
several methods to signals,,,mitch and the
boys use great signals….others receive diff
info….but if u notice…they Allll line
up…aka self fulfilling profcies…..i
[12:37 pm] eyes-inthenow : mitch what would
your stop be .74 MCP
[12:47 pm] jsn13 : Juz now is it because of
BB’s speech that market shot up? I was away
juz now…
[12:47 pm] lisas : jsn, europe news
[12:48 pm] qwert : mitch- can you give your
thoughts about swing shorts with today’s
market behavior?
[12:56 pm] rusty : NEWS WRONG
[12:56 pm] rusty : WATCH OUT BELOW
[12:57 pm] rusty : Report EFSF Firepower To
Reach EUR2T “Totally Wrong”-Source
[12:57 pm] rusty : typical wall street
games
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