| (06:15 am) Mitch’s Assist. :test
(06:21 am) Mitch’s Assist. :December 10,
2013, Tuesday Pre Market Up: BRCM, NUGT,
GLD, MTX, Pre Market Down: AAPL, NXPI,
(06:30 am) Qwert :EVTC gap up
(06:31 am) Mitch King:watching BA for bottom
(06:31 am) Mitch’s Assist. :watching YELP
(06:33 am) Qwert :watching SBUX
(06:33 am) Mitch King:watching SBUX for
bottom to buy
(06:33 am) Mitch King:watching LULU for
bottom to buy
(06:34 am) Mitch King:watching TEVA for top
(06:34 am) Mitch King:TWTR moving up
(06:34 am) Mitch’s Assist. :watching LL for
bottom
(06:34 am) Mitch King:watching BRCM for
potential short
(06:35 am) Mitch King:gold futures trending
up, stocks tradable are NUGT, DUST
(06:36 am) Mitch King:GS trending up
(06:36 am) Mitch’s Assist. :watching CDE
gold stock
(06:36 am) Mitch King:PVH moving up
(06:37 am) Mitch King:monitoring TPLM, take
time
(06:37 am) Mitch King:home builder stocks up:
DHI, TOL PHM, KBH
(06:37 am) Mitch King:MS also trending up,
also investment bank like GS
(06:38 am) Mitch King:watching TWTR for top,
(06:39 am) Mitch King:watchign solar stocks
for shorts: CSIQ, FSLR, TSL
(06:40 am) Mitch’s Assist. :watching PSX
(06:40 am) Mitch King:watching LL for bottom
closer
(06:41 am) Mitch King:another solar stock for
potential short is JKS
(06:44 am) Mitch King:watching LULU closer
(06:44 am) Mitch King:monitoring AKRX drop
(06:46 am) Mitch King:not expecting gold
stocks to be a short, gold futures trending,
oversold from over $1700 to 1200
(06:47 am) Mitch King:watching PKI for
possible short, take time
(06:48 am) Mitch King:consider covering BRCM
short pretty soon
(06:51 am) Mitch King:low priced stock GERN,
looking for potential long if more selling
(06:52 am) Mitch King:monitoring GMCR move
up, looks like trending up, not great short
yet
(06:52 am) Mitch King:prefer accelerated
selling
(06:54 am) Mitch’s Assist. :watching PM
(06:58 am) Mitch King:monitoring RMBS for
trades today
(07:05 am) Mitch King:the chart is PDCE,
monitoring for bottom to buy, no hurry
(07:11 am) Mitch King:consider reducing LL if
long, tighten stop
(07:11 am) Mitch King:consider reducing PDCE
if long
(07:14 am) Mitch King:monitoring possible
bounce in GERN
(07:18 am) Mitch King:consider selling PDCE
long
(07:22 am) Mitch King:OSIS gaining strength
after yesterday’s 27% drop
(07:25 am) Murano :watching NFLX at R2
(07:29 am) Mitch King:looking for bounce in
CL 1-14, small bounce
(07:30 am) Mitch King:RMBS making higher
highs
(07:39 am) Mitch King:too weak of bounce in
CL, will try later
(07:40 am) Qwert :monitoring AAP
(07:48 am) Mitch King:looking for small
bounce in CL 01-14 soon
(07:52 am) Mitch King:looking for 15-20 ticks
on /CL bounce
(07:57 am) Mitch King:high odds territory for
CL bounce
(08:01 am) Murano :watching CVS
(08:02 am) Mitch King:there is always an
initial bounce in a bounce in CL, then slight
pullback and usually a higher bounce after
(08:21 am) Murano :watching MYL
(09:41 am) Mitch King:starting to watch ETR
for bottom to buy
(09:42 am) Mitch King:ABBV looking
interesting regatta
(10:03 am) Mitch King:watching GILD for
potential long entry
(10:20 am) Murano :watching NCR
(10:41 am) Qwert :monitoring HDS
(10:43 am) Mitch King:when you see a stock
idea like GILD on this chart and you buy the
bounce, you are looking for it to flatten out
and turn over for a short. These usually
continue its bias toward the same trend that
is predominantly had all day
(12:23 pm) Mitch King:see this GILD chart
here? the first dark green buy signal
failed. You dont want to ride that down
lower than the bottom where it started around
71.75. see the 2nd long how it went up maybe
$1 and pulled back partway and then resumed
uipward movement? that entry is safest entry
where it has proved some buying is occuring
but it didnt go back down to low of $70.35
area where it started
(12:44 pm) Mitch King:This chart here, VIPS
was a rumor: Vipshop mentioned cautiously by
boutique research shop
(12:45 pm) Mitch King:SINA had a rumor that
looks like people believed. that they were
going to IPO Weibo
(12:56 pm) Mitch King:you guys take care,
talk to you tomorrow. review charts tonight,
th
| (05:57 am) JoeyTSA :Good morning, i wont be
too active today, have to take care of a few
things
(05:58 am) Qwert :good morning joey
(06:05 am) akram :goog morning all
(06:09 am) taco :gm everyone
(06:09 am) alan3 :GM everyone.
(06:15 am) Mitch’s Assist. :test
(06:18 am) skydiver :gm all
(06:22 am) taco :thx Mitch IEP pretty active
too
(06:24 am) Murano :good morning
(06:29 am) Mitch King:tons of lawsuits
against OSIS
(06:31 am) doji :TWTR
(06:33 am) doji :FSLR
(06:33 am) doji :QCOR
(06:33 am) taco :watch BRCM
(06:34 am) doji :ULTA
(06:35 am) doji :Nice on TWTR…
(06:35 am) doji :Just nuts
(06:40 am) skydiver :/CL – nice drop
(06:50 am) Mitch King:lets see if BRCM gets
below $28
(06:56 am) skydiver :LULU – moving up – 3/4
out
(06:57 am) taco :TSLA moving
(06:59 am) doji :Whera re Joey, Ed?
(07:03 am) taco :joey’s busy today and ed is
on sabbatical
(07:04 am) doji :Thanks Taco
(07:09 am) skydiver :GMCR – trying to move
down
(07:10 am) skydiver :covering 3/4 GMCR short
here
(07:14 am) Mitch King:welcome Uri8 from
Israel
(07:14 am) skydiver :monitoring LNKD
(07:21 am) skydiver :3/4 covered LNKD short
here
(07:26 am) doji :TWTR rallying again today
(07:27 am) skydiver :Murano – is your R2 –
$362.63 on NFLX?
(07:27 am) Murano :362.66
(07:27 am) skydiver :ok – thanks 🙂
(07:32 am) doji :Waht a run in NFLX from
354
(07:32 am) regatta :watching PKI
(07:39 am) skydiver :SINA – strong this
morning — a rumor on SINA’s Welbo will file
an ipo
(07:40 am) doji :Rumor on TWTR is that
Icahan is accumulating the stock
(07:40 am) skydiver :thnx doji
(07:43 am) skydiver :TSLA – beginning to
monitor
(07:45 am) skydiver :CL – dropping
(07:48 am) skydiver :just read that LULU
hired new CEO – Laurent Potdevin. He was
president of Tom’s shoes and has shown good
track record in managing companies — news
from Fly on the Wall
(07:49 am) skydiver :thnx Mitch on CL
(07:52 am) regatta :watching VIPS
(07:53 am) skydiver :ZIPS – muddy waters
makes negative comments on this stock
(07:54 am) regatta :thx sky
(07:55 am) freitag8 :/GC & /CL have
similar charts over the past hour with /GC
slightly ahead… GC could give an early hint
on /CL
(07:55 am) skydiver :thanks freitag8
(07:55 am) freitag8 ::) Sky
(07:55 am) skydiver :sorry – not ZIPS —
VIPS is the stock muddy waters had negative
comment on
(07:56 am) skydiver :guess I need hearing
aids 😉
(07:58 am) skydiver :CAH – stock halted –
news pending
(07:59 am) freitag8 :/GC Feb 14 1 minute
just gave BUY signal… eye on /CL for that
bounce here
(08:01 am) regatta :CVS spike
(08:02 am) skydiver :thnx Mitch on CL info
(08:03 am) bill1 :Thanks Mitch
(08:03 am) alan3 :Thanks Mitch.
(08:03 am) skydiver :time is up — only got
8 ticks on CL as I have to depart . . a good
day 🙂 make lots of $$$ and see you all
tomorrow
(08:04 am) taco :cya sky have a good one
(08:04 am) Murano :see you sky
(08:04 am) skydiver ::_)
(08:05 am) freitag8 :take care sky
(08:07 am) taco :eye on GOGO for more
selling and short covering
(08:08 am) taco :big spike just
(08:13 am) Murano :CAH moving up
(08:22 am) Murano :probably more downside on
MYL before bounce
(08:25 am) taco :BIDU making push R2?
(08:25 am) taco :nice climb anyways
(08:27 am) Murano :out 3/4 MYL
(08:30 am) Murano :looking for 66 area on CAH
short stop at 66.83
(08:34 am) Murano :stopped CAH
(08:36 am) Mitch King:you guys see what i was
talking about that pullback after the initial
bounce on CL?
(08:36 am) taco :yes Mitch
(08:36 am) Mitch King:a good entry is that
pullback after initial bounce, high odds
entry
(08:37 am) freitag8 :Yes Mitch… taking
profits here and looking for a new entry
(08:37 am) alan3 :Yes
(08:37 am) Mitch King:look for little more
pullback and it is another good long entry ,
maybe can get 97.92 area
(08:38 am) Mitch King:dont short, the trend
is starting up. its too early to short in
/CL right now
(08:38 am) Mitch King:you have to learn how
to ignore the sell signals you get on the
uptrend, same filtering out manually i’ve
been teaching you
(08:39 am) alan3 :Ok
(08:39 am) Mitch King:we posted the webinar
from Thursday into the Lightning library
yesterday
(08:39 am) alan3 :Got it I want to review it
later today.
(08:40 am) Mitch King:ok great alan
(08:42 am) freitag8 :MYL dropping away from
$43 level… looking for a new entry at about
$42.50 area
(08:45 am) Mitch King:you guys see how you
are now in a position with /CL to let it ride
up as you hold your long, best not to
microtrade in this situation
(08:45 am) alan3 :Yes
(08:46 am) Mitch King:basic common sense may
tell you though to watch it closely for any
toppying action on a short term time horizon
and if it drops hard, look to be buying a
bottom on a good pullback, but that cant keep
working as an uptrend gets more mature
(08:46 am) Mitch King:is that making any
sense?
(08:46 am) taco :yes
(08:46 am) alan3 :Yes that makes sense.
(08:46 am) freitag8 :it sure is Mitch
(08:47 am) Mitch King:when you get into the
microtrading mode, you cant see the bigger
picture and you will be limited to small
profits.
(08:47 am) Mitch King:if you are having
problems with doing too much microtrading and
missing the big move, such as the last 30
tick bounce in this /CL 01-14 contract, then
try to trade signal to signal and that will
help you overcome that habit.
(08:48 am) alan3 :Ok got it.
(08:48 am) Mitch King:it has nothign to do
with whether you think that is good money to
capture, it only has to do with what most of
the bounces or trends give us in potential
profits.
(08:48 am) Mitch King:if you have
microtrading habit, don’t show any profit and
loss screens and don’t look at them
throughout the day,
(08:48 am) Murano :if you are short CVS you
should cover some
(08:49 am) alan3 :Ok thanks Mitch.
(08:52 am) freitag8 :Green zone in Thunder
has stopped… should we be looking for a top
here in CL or hold for the sell signal?
(08:55 am) Mitch King:the white zone is a
transition toward the sell zone. usually a
pink sell zone appears if it is a stronger
uptrend. this uptrend is fairly weak as you
can judge by the purple dash line is now
flat, no longer moving upward
(08:56 am) freitag8 :Gotcha… I learned a
lot in the Webinar you just posted. Without
that webinar I would not have seen the weak
purple dash line
(09:02 am) doji :It seems that I am in the
wrong stocks today… a red day for me…
(09:03 am) Murano :covered last 1/4 CVS
(09:04 am) freitag8 :Take a quick break,
review what do right most days and take a new
look at the market… you’ll turn it around
doji
(09:15 am) regatta :LL falling
(09:19 am) doji :I went long in FB at the
first attempt at $50, got stopped and now
moving upward…. lol
(09:22 am) Murano :lunch time back in 20
(09:23 am) taco :watch DDD
(09:27 am) regatta :watching ABBV
(09:28 am) freitag8 :don’t feel bad doji…
I bought the $49 put on FB a week ago… go
figure
(09:34 am) taco :GOGO on nice move up
(09:45 am) doji :Dang… look at FB
(09:46 am) doji :Not chasing but tempted
(09:47 am) doji :Another I missed was ULTA
(09:54 am) doji :FB, FB, FB, I should have
had a wider stop…
(09:54 am) doji :I think I will take a
sabattic year…
(09:54 am) doji :from trdaing
(09:58 am) regatta :ABBV may be getting
close
(09:59 am) Murano :doji, did you buy any
calls on SFXE
(10:03 am) doji :Nope
(10:03 am) doji :Why?
(10:04 am) Murano :It is time to sell some if
you did
(10:04 am) doji :Who called for that?
(10:05 am) Murano :I posted my entry in the
trading room Dec $10 calls for .40
(10:06 am) Murano :about 10 days ago
(10:07 am) Murano :you asked me about it at
the time
(10:07 am) doji :hummm sure? Beacuse I don;t
remember taht. I was on a business trip last
week
(10:08 am) Murano :ok no problem
(10:09 am) taco :TSLA pulling back
(10:12 am) Qwert :anyone short ABBV?
(10:12 am) taco :yes, tiring..
(10:13 am) taco :you qwert?
(10:13 am) Qwert :yes
(10:13 am) Mitch’s Assist. :it looks really
too strong to short to me, ABBV. looks
consolidating here
(10:13 am) Qwert :not my favorite pattern
tho
(10:13 am) taco :agree
(10:14 am) Mitch’s Assist. :GILD should have
more to run
(10:15 am) Qwert :agree on ABBV pattern took
off most of it small profit so free trade
(10:27 am) Murano :covered 3/4 NCR
(10:32 am) Murano :covered last 1/4 NCR
(10:37 am) doji :Almost 3K in profits left
on the table in FB… dang
(10:40 am) doji :And yesterday I left $5k in
OSIS…
(10:42 am) Murano :Qwert, did you catch ABBV
short from 54?
(10:43 am) Qwert :no Murano
(10:43 am) Qwert :did you
(10:43 am) Murano :yes, divergence in MACD on
the one minute
(10:44 am) Qwert :nice
(10:44 am) Murano :covered ABBV
(10:44 am) Murano :Thanks regatta for ABBV
(10:45 am) doji :Please share your entries
Murano… thanks
(10:45 am) Murano :53.96
(10:46 am) Murano :and I probably covered to
early
(10:46 am) doji :No, what I meant is next
time let’s know if you are in a position
(10:47 am) Murano :I didn’t call ABBV doji.
regatta called it first and then Mitch
(10:50 am) Murano :If you look back at ABBV
on the one minute you will see a divergence
on the MACD, RSI and Stochastics at 12:26
central time
(10:52 am) doji :YEs, I see now, The problem
is that I don;t have the MACD in my chasrt…
jI use MA, Pivots and VWAP, thats all
(10:52 am) Mitch’s Assist. :doji, are you
saying your charting doesnt have those
indicators or you just dont have them loaded
on your chart?
(10:52 am) Murano :Doji, I trade off of MACD
and RSI
(10:54 am) Murano :look back at the e-mail I
sent you with my chart setup
(10:55 am) skydiver :Hey Murano — is it
possible to get an email from you with your
chart setup? Not sure what settings you’re
using on MACD and RSI — thx — I’m only on
here for a few — thanks
(10:56 am) Murano :what is your e-mail
(10:56 am) skydiver :[email protected]
(10:56 am) skydiver :thanks Murano 🙂
(10:56 am) Murano :ok
(10:56 am) skydiver ::)
(10:56 am) doji :I just don;t have the MACD
loaded in my chart.ss My connectivity here is
very slow so I cannot afford having many
indicators
(10:57 am) doji :or the dealy in the
platform will be 5-6 seconds at best and in
most cases 10-12 seconds
(10:57 am) skydiver :not fun doji – ouch on
your speed on internet connection
(10:58 am) doji :My connection is 100MB but
when I run the test with the TDA platform
server in Dallas, the upload/download speed
is only 1MB
(11:01 am) Murano :sky, I sent you the chart
setup by e-mail
(11:04 am) skydiver :got it — thanks Murano
:)!!!
(11:05 am) Murano :sky, if you have the
screen space use a 30 second, 1 minute, 4
minute next to each other
(11:08 am) skydiver :gotcha Murano — yes –
do have the screen space
(11:08 am) skydiver :4 minute? ok — never
used 4 minute before
(11:08 am) Murano :I have two 40″ monitors
and after the morning rush the 30s, 1m, 4m is
all I have on one of the monitors. The
charts are linked so I am able to see the
sort and longer term direction
(11:09 am) Murano :I started using a 4 minute
instead of 5 minute about 2 months ago
(11:09 am) doji :Murano, I’ll assume you
have all this chart for only one stock,
correct?
(11:10 am) skydiver :interesting Murano —
ok — will try that
(11:10 am) skydiver :at home I have 11
screens up – so should fit in ok 🙂
(11:10 am) Murano :RSI is a very imnportant
factor
(11:10 am) skydiver :RSI? ok
(11:10 am) Murano :11 screens
(11:11 am) Murano :wow
(11:11 am) skydiver :comes from playing pipe
organ and electronic organs over the years —
multi – tasking
(11:11 am) skydiver :love the warm glow of
all the screens 🙂
(11:12 am) Murano :I have two 23″and two 40″
(11:12 am) skydiver :gotcha — I would not
advise most people to have 11 — would be too
confusing for most I think
(11:12 am) skydiver :at my office I only use
4 screens
(11:13 am) skydiver :in my office now
(11:14 am) skydiver :I will study your
format Murano — thanks again 🙂
(11:15 am) doji :In my office I use my
laptop. At home I have two 20-in screens
(11:16 am) doji :ETR
(11:17 am) Murano :sky, I sent you an e-mail
showing my 4 screen setup
(11:17 am) doji :Hey Murano, send it to me
also please
(11:17 am) doji :[email protected]
(11:17 am) Murano :ok doji
(11:17 am) doji :and include a picture of
the blind squirrel… lol
(11:18 am) doji :I;ll send you a photo of my
Brazilian secretary
(11:18 am) doji :se we can be even…. lol
(11:18 am) Qwert :me too murano love to see
how others setup [email protected]
(11:19 am) Murano :ok
(11:19 am) Qwert :thx
(11:21 am) Murano :e-mail sent
(11:24 am) Murano :doji taught me how to
print screen and use paint
(11:27 am) Murano :doji, you told me the last
time I would get a picture of your secretary
and I am still waiting…..
(11:33 am) taco :thanks all, have a great
rest of your day everyone, see you in theam.
some things to do.
(11:33 am) skydiver :take care taco –
(11:34 am) Murano :see you taco
(11:35 am) pirate :send to me 2 Murano
plz…[email protected]
(11:36 am) Qwert :bye taco
(11:37 am) Murano :sent pirate
(11:41 am) pirate :ty
(11:41 am) Murano :hope it helps pirate
(11:44 am) pirate :wow
(11:44 am) Murano :by the way, Westinghouse
make an inexpensive 40″ TV with a PC
connection that works great as a monitor. I
have two of them at $300 each.
(11:45 am) doji :Murano, do you have one
stock per screen?
(11:46 am) Murano :in the afternoon I have on
stock on each of the 40″
(11:47 am) Murano :on=one
(11:47 am) doji :And right after the open?
(11:48 am) Murano :4 stocks on the two
screens
(11:52 am) Murano :I trade on a Lightspeed
platform but use Ninja charts. I wish I
could like my Ninja charts to Lightspeed but
Lightspeed won’t do that.
(11:52 am) Murano :like-link
(11:53 am) doji :Test
(11:58 am) freitag8 :Thanks all… I learned
some great techniques from Mitch (Thanks
Mitch) and have my 1st all green day. I gotta
go do my swing trades for the final hour.
Have fun & Good Trades every1
(12:00 pm) doji :Do you s8?wing at the end
of the day Freitag
(12:00 pm) Murano :see you freitag8
(12:03 pm) freitag8 :Ya I do Doji… I’m a
prop trader and I day trade for my own
account… Thx Murano… c ya all tomorrow
(12:04 pm) regatta :JNY jump
(12:05 pm) Qwert :Going to lunch with the
family see you all in the am
(12:05 pm) Murano :see you Qwert
(12:09 pm) skydiver :I’m gone as well . . .
see you all in the morning and thanks again
🙂
(12:11 pm) Murano :see you sky
(12:11 pm) Murano :thanks for JNY regatta
(12:13 pm) regatta :glad you got it, i
missed it
(12:19 pm) Murano :GILD up $3 from low of
day
(12:41 pm) Murano :done for the day, see you
tomorrow
|
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