[06:15 am] Ed : Good Morning
[06:15 am] Kris : Good Morning Traders
[06:15 am] Kris : this morning I’m watching
AEP, KOG, M, MJN, ROST, LNG, ENDP and ONXX on
the long side
[06:16 am] Kris : FII, DMND and MT as
possible shorts
[06:16 am] Kris : I’m looking for us to hold
in this consolidation range on the SPY daily
chart.
[06:17 am] Brent : good morning
[06:17 am] Kris : gonna try to stay patient
off the open, SPY support at 124 and
123.60
[06:17 am] Kris : will be watching those 2
areas for a bounce, I think we could retest
the high 126’s barring more negative news
[06:25 am] Kris : watch NFLX for a possible
short, starting to break trendline support
[06:29 am] Mitch K: This is Friday’s news on
DMND: KeyBanc Capital Markets analyst says
investigation should end quickly
[06:30 am] Mitch K: I would think DMND would
bounce
[06:30 am] Mitch K: This is today’s news on
DMND: Diamond Foods sees audit committee
concluding investigation by mid
February[06:31 am] Kris : SINA short half
[06:34 am] Kris : COG short half
[06:34 am] Kris : VMC short half
[06:37 am] Kris : watching MON for a long
reversal
[06:38 am] Kris : watching ROSE for a long
reversal
[06:39 am] Kris : ROSE long half
[06:39 am] Mitch K: watching VMED for short
on top of this bounce
[06:40 am] Kris : out half VMC short
[06:40 am] Kris : passing on MON long here,
not bouncing at good enough support for
me.
[06:40 am] Mitch K: ROSE bouncing
[06:41 am] Brent : watching IAG for a
bounce
[06:41 am] Kris : out half SINA short
[06:42 am] Kris : SPY bounce looking a little
flat here, careful with your longs.
[06:42 am] Kris : watching MELI for a long
reversal
[06:43 am] Kris : watching NFLX for a
short
[06:43 am] Mitch K: CAT bouncing
[06:44 am] Kris : out half ROSE long
[06:44 am] Kris : SPY testing lod[06:44 am]
Mitch K: consider covering half or more of
VMED short
[06:46 am] Kris : watching EW for a short
[06:47 am] Kris : watching QCOR for a long
[06:47 am] Mitch K: watching for EW top for
short; strong so far. Let it stop going up
before shorting.
[06:48 am] Kris : out another 1/4 SINA
short
[06:49 am] Kris : starting to see some buying
now
[06:50 am] Kris : ILMN short half
[06:50 am] Kris : QCOR support around 42.50,
looking for the bounce in that area.
[06:51 am] Kris : EW starting to look
juicy
[06:52 am] Brent : careful with IAG, weak
bounce so far
[06:52 am] Kris : looking for a new lod in
VMC
[06:52 am] Kris : VMC showing relative
weakness
[06:53 am] Kris : PAY short half
[06:54 am] Kris : SPY still lingering near
its lows
[06:54 am] Kris : still holding last 1/4 SINA
short looking for new lod[06:55 am] Kris :
SPY new lod[06:55 am] Kris : watch 124 for
SPY support
[06:56 am] Kris : out another 1/4 VMC
short
[06:56 am] Kris : watching NFLX for the short
soon
[06:56 am] Mitch K: NYX turning over,
considering short
[06:57 am] Kris : NFLX resistance 72.80 area,
could turn early
[07:01 am] Brent : watching LNKD for a
bounce
[07:04 am] Kris : watching INCY for a long
soon, strong against the market and
consolidating
[07:05 am] Kris : also watching UAL for a
long over 21.05
[07:05 am] Kris : out all SINA short
[07:05 am] Kris : out half PAY short
[07:05 am] Mitch K: watching TXI
[07:06 am] Kris : INCY long small position,
saving 3 more bullets
[07:06 am] Mitch K: watching TXI for short
[07:07 am] Kris : EXP long
[07:07 am] Kris : out half COG short, moving
stop tight, looking for new lod or out
[07:08 am] Kris : out half EXP long
[07:08 am] Mitch K: Watching EXP for short
[07:09 am] Kris : don’t be shorting EXP yet
mitch[07:09 am] Kris : now do whatever you
want
[07:09 am] Kris : out all EXP long
[07:09 am] Kris : out another 1/4 EXP long
[07:10 am] Kris : MCP long half
[07:11 am] Kris : ILMN new lod[07:11 am] Kris
: out half ILMN short
[07:12 am] Kris : half position in INCY
long
[07:12 am] Kris : INCY long another 1/4
[07:12 am] Kris : out half MCP long
[07:13 am] Brent : watching ARIA for a
bounce
[07:13 am] Kris : INCY pushing new hod[07:13
am] Kris : out all VMC short
[07:13 am] Kris : out another 1/4 MCP long
[07:13 am] Mitch K: monitoring SINA for long;
no hurry
[07:14 am] Kris : SPy coming into trendline
resistance
[07:14 am] Mitch K: consider covering most of
EXP if short
[07:14 am] Mitch K: consider covering most of
TXI if short
[07:15 am] Kris : SPY pulling back into lod
support
[07:16 am] Kris : if we lose 124 spy next
support 123.60 area
[07:16 am] Kris : if you’re long ACOR, strong
looking to tighten up a little and maybe take
more off. coming into resistance.
[07:16 am] Mitch K: ARIA chart ideal setup
for long, increasing volume, accelerating
drop in price.
[07:17 am] Kris : ARIA, nice setup
[07:17 am] Kris : not ACOR
[07:17 am] Kris : QCOR
[07:19 am] Mitch K: here is ARIA news:
Lazard to host a luncheon. lol[07:20 am]
Kris : nice one matt
[07:21 am] Kris : out another 1/4 PAY
short
[07:21 am] Mitch K: consider covering more
TXI if short; prob best to cover all
[07:22 am] Kris : I’ll wait for a SPY close
over trendline resistance before I start
switching gears to more longs.
[07:23 am] Kris : out another 1/4 ILMN
short
[07:23 am] Mitch K: consider covering some of
short in EW
[07:24 am] Mitch K: watching MLM
[07:25 am] Mitch K: MLM trying to acquire
VMC
[07:26 am] Kris : out all ILMN short
[07:28 am] Mitch K: MLM expert trader
level
[07:30 am] Mitch K: monitoring TXI for 2nd
helping short, maybe near $30
[07:34 am] Brent : DMND approaching lod[07:38
am] Mitch K: let TXI break through above $30
before shorting, no hurry to short 2nd
helping
[07:39 am] Mitch K: on something like a 2nd
helping short with TXI, you short in stages,
real small at first because hard to tell how
far it rebounds but usually they don’t reach
first high
[07:47 am] Mitch K: TXI chart on right, looks
like 2nd short good now
[07:48 am] Kris : out 1/2 INCY long
[07:50 am] Brent : watching CSTR
[07:50 am] Mitch K: watching CSTR
[08:17 am] Brent : CSTR slowly moving up,
consider reducing soon if you got it long
[08:17 am] Brent : SPY lod[08:23 am] Brent :
DMND spike
[08:24 am] Ed : p & G committed to DMND
deal
[08:35 am] Brent : NFLX approaching hod[08:39
am] Mitch K: sheesh, you guys see that spike
in DMND?
[08:40 am] Mitch K: went up $4.50 a share in
4 minutes about 16 min ago, didn’t see it
[08:59 am] Kris : out all INCY long
[09:41 am] Mitch K: looking for short on top
of this ROSE bounce
[09:48 am] Brent : DMND at lod[11:10 am] Ed :
watching CELG
[11:14 am] Ed : ITMN
[11:23 am] Ed : passing on CELG
[11:23 am] Ed : reduce ITMN if u got it
short
[11:26 am] Ed : stopping last 1/2 of ITMN @
18.09
[11:35 am] Ed : out another 1/4 ITMN
[11:42 am] Ed : out all ITMN
[12:01 pm] Mitch K: tradable bounce long on
CELG soon
[12:26 pm] Ed : do not chase
[12:26 pm] Ed : watching CAS
[12:34 pm] Mitch K: you guys see that ITMN
chart here on projector where it had
accelerating price and volume?
[12:35 pm] Mitch K: ideal pattern for
short
[12:36 pm] Mitch K: that pattern is not
sustainable if volume accelerates like it did
and the price bars or candles in this case,
get bigger and bigger as price goes up. THis
becomes “buyer exhaustion” and after the
buyers dry up and stop buying, mostly sellers
left, so the stock drops
[12:37 pm] Mitch K: analogy i use is like
having to sneeze, at some point you can’t
stop it. sort of an explosion or sneeze, and
you can call it capitulation although that is
normally used for the opposite which is
selling
[12:48 pm] Ed : pass on CAS
[12:49 pm] Mitch K: little flurry of
buying
[12:49 pm] Mitch K: on a stock pattern like
that hsn13, you have to use price because the
indicators will lag a little. but
stochastics on this was already at top of
channel
[01:00 pm] Brent : have a good night, see you
in the morning
[01:00 pm] Ed : have a great evening
traders
[01:00 pm] Kris : everyone have a great
night. see you all tomorrow morning.
[01:00 pm] Mitch K: later guys
|
[06:15 am] mhaus : DMND falling like a
rock
[06:17 am] richard : lisas, were you able to
log into TS ?
[06:18 am] lisas : Yes Richard
[06:18 am] doji : DMND delaying 10-Q
[06:18 am] richard : I’m talking to tech
support now
[06:19 am] scalpman : Anyone going LONG on
NFLX for intermediate Trade?
[06:25 am] lightning : scalpie, do you mean
NFLX for a swing? I’d like to see it get
above last week’s highs (about 73.25), but it
may be attractive for scalping for me.
[06:26 am] scalpman : NFLX was on the
news…for BUY in conventional investing
[06:27 am] scalpman : NFLX also provides
scalping opportunities
[06:28 am] weston : what is the price for
trendline support of NFLX??
[06:30 am] lightning : weston, you can pull
up a NFLX chart (say 60 minutes) and draw a
line from the bottoms going back to 11/30 to
Friday. There’s a pretty clear trend line.
Today’s action is below that trend line.
[06:31 am] doji : DMND L 31.74
[06:31 am] doji : tight stop
[06:31 am] lightning : missed ONXX
[06:32 am] garyb : me too doji!
[06:32 am] doji : out 1/2 DMND
[06:34 am] doji : Trailing second 1/2
[06:35 am] doji : all out DMND
[06:36 am] doji : NFLX moving
[06:37 am] doji : watching POT
[06:41 am] derns : GMCR
[06:45 am] doji : NFLX S
[06:45 am] doji : Still watching IAG
[06:46 am] garyb : did you get in POT
doji?
[06:46 am] doji : No Gary
[06:49 am] lightning : L IAG 18.11
[06:50 am] garyb : I took that one too
lightning
[06:50 am] lightning : fingers crossed
garyb[06:50 am] garyb : might be a slow
mover though
[06:51 am] doji : L SLB 72.03
[06:52 am] garyb : I’m in SLB too
doji…tight stop
[06:54 am] garyb : SLB looks sick doji[06:55
am] doji : Yes, reversing
[06:59 am] doji : Did you close SLB Gary?
[07:00 am] garyb : yes…stopped out of
both
[07:00 am] garyb : waiting for QCOR
[07:00 am] garyb : QCOR maybe hit bottom?
[07:02 am] garyb : In QCOR with small
position..tight stop
[07:02 am] doji : I close SLB with a small
lose when it reverted
[07:03 am] lightning : I’m with you
gary…QCOR L 42.70
[07:03 am] doji : SPY still weak to try
longs
[07:06 am] jolliffboy : Hey Lightning. I
bought IAG at 18.10. You at 18.11. Can I ask
where you put your stop?
[07:07 am] lightning : garyb, we need to get
QCOR over 43 here
[07:07 am] garyb : lightning…a little
green now in QCOR
[07:07 am] lightning : jollif, I originally
had my stop below 18 (17.97 I believe). I
became impatient with the move, though and
closed it out at 18.07 a while ago.
[07:08 am] doji : EXP long or short?
[07:08 am] jolliffboy : Thanks Lightning. I
should have done the same. I live and learn
each day.
[07:09 am] lightning : out 1/2 QCOR
43.12.
[07:09 am] doji : QCOR L
[07:09 am] lightning : don’t we all
jolliffboy, don’t we all
[07:15 am] jsn13 : anyone on IB got TXI
short?
[07:15 am] garyb : QCOR is rocking! 🙂
[07:17 am] lightning : next QCOR target is
VWAP at 43.35 area
[07:17 am] lightning : Kris is right…43.18
is a resistance level on QCOR
[07:20 am] lightning : Out the rest of QCOR
43.30
[07:21 am] joeytsa : CRM lod[07:21 am] mhaus
: MLM
[07:25 am] joeytsa : they were just talking
about that on cnbc[07:26 am] doji : MLM
flying
[07:26 am] joeytsa : 5 pt swing in a few
minutes
[07:28 am] doji : Good Joey, what stock is
that?
[07:28 am] joeytsa : MLM sorry
[07:29 am] jsn13 : Did anyone on IB got TXI
to short juz now?
[07:29 am] doji : NFLX new hod[07:29 am]
derns : NFLX
[07:33 am] derns : Mitch..are you passing on
ARIA?
[07:35 am] joeytsa : nice trade on NFLX
[07:37 am] doji : YEap, I took it in the
break out above the hod[07:37 am] joeytsa :
smart trade doji[07:37 am] doji : LML still
flying
[07:38 am] doji : SPY testing resistance
trendline[07:40 am] joeytsa : was there news
on NFLX?
[07:41 am] derns : Is there a 3-min fade
setting up for NFLX?
[07:41 am] doji : Verizon may be a buyer of
Netflix
[07:41 am] joeytsa : big vol gr candle right
there
[07:42 am] joeytsa : on NFLX
[07:43 am] doji : TXI at 30
[07:43 am] doji : SPY moving above
resistance trendline[07:47 am] joeytsa :
doji, on NFLX, you took it on the 7:33pst
candle? or the earlier one at 7:29pst
[07:48 am] mhaus : VMC
[07:48 am] doji : At took at at 7:32 on the
third doji Joey
[07:48 am] joeytsa : cool, i waited until
the next one
[07:49 am] skydiver : S NFLX 75.91 –
[07:49 am] doji : MLM
[07:51 am] doji : IAG
[07:52 am] doji : ARIA although volume is
low
[07:53 am] Brent : VMC halted again
[07:56 am] Brent : VMC resumed
[07:57 am] derns : doji…are you in or just
looking at ARIA?
[07:57 am] joeytsa : might be a crazy week,
lots of data coming out and i believe quad
witch on friday[07:57 am] skydiver : 🙂 –
opportunity
[07:58 am] jsn13 : Brent did u get any
shares of TXI to borrow on IB juz now?
[07:58 am] joeytsa : yeah, I’m starting my
focus on 2012
[07:58 am] Brent : I’m not trading TXI
Jsn[07:59 am] joeytsa : earnings season
starts up soon, MAJOR warning flags
flashing
[07:59 am] jsn13 : Not at all juz now? COs i
got a msg on ninja trader saying that
securities are held when i want to short
TXI…
[08:00 am] Brent : no, I haven’t traded it at
all. Must not be available if you got that
message
[08:04 am] lightning : WCRX dropping
[08:04 am] lightning : still needs to drop
more to be really interesting but WCRX has
heavy volume
[08:06 am] qwert : watching myl[08:07 am]
lightning : WCRX lost a legal battle with
MYL, so they’re moving oppositely
[08:07 am] lightning : (oppositely…is that
a word?)
[08:08 am] Brent : it is now
[08:08 am] lightning : WCRX/MYL: Federal
Appeals court rules in favor of Mylan over
Warner Chilcott[08:15 am] lightning : DMND
back at low of day
[08:23 am] doji : Markets moving up, any
news?
[08:40 am] jsn13 : Mitch, Can u briefly
explain ur move on DMND?
[08:41 am] jsn13 : at which bar and price
would u short it?
[08:41 am] mhaus : I bought at $31 and sold
at $33
[08:43 am] joeytsa : nice trade mhaus[08:43
am] doji : Hey did you managed to get 31
mhaus when the stock moved from 31 to 33.5
very quick?
[08:43 am] jsn13 : How can u consider to go
long?
[08:44 am] mhaus : Thx. No Diji, I bought
when it was going down
[08:44 am] mhaus : I was sure that it would
bounce back a little. Was expecting 50c but
got $2
[08:44 am] monster : MON dropping heavy
volume
[08:44 am] doji : Ah Ok mhaus[08:45 am]
jsn13 : good job mhaus…..
[08:45 am] mhaus : Thx jsn[08:48 am] jsn13
: By the way, anyone caught the short in DMND
juz now?
[08:50 am] derns : TZA
[08:51 am] joeytsa : some decent movers
today
[08:52 am] jsn13 : joey did u trade VMC juz
now?
[08:53 am] derns : it certainly is an
interesting day…I am not that surprised
after the market response on Friday
[08:53 am] joeytsa : no jsn, i
didn’t…following the ES at the
moment..looks a little ugly
[08:53 am] joeytsa : derns: i think it has
more to do with the intel news
[08:54 am] jsn13 : haha was looking at the
top 10.57…..
[08:54 am] derns : CSTR…I got out too
early
[08:54 am] joeytsa : intel jus the latest
chip maker to lower guidance
[08:55 am] joeytsa : you have
INTC,TXN,ALTR,DD…even GLW cutting back due
to lower demand
[08:55 am] derns : thx for the info..I
missed that earlier…was on phone calls
[08:56 am] joeytsa : chips go into
everything…it she see demand
slowing…might not be pretty
[08:56 am] joeytsa : if they, not she
[08:57 am] joeytsa : the ES trying to hold
1220
[08:57 am] derns : it certainly makes sense
to me..I have been surprised by the
optimism…with that said, QCOM is embarking
on developing a new office building in SD.
[08:59 am] joeytsa : europe closed at the
lows
[09:07 am] doji : NFLX
[09:10 am] jsn13 : anyone on IB got TXI
short juz now?
[09:19 am] qwert : rose new lod[09:31 am]
chinhngo : CAT LOW OF THE DAY
[09:39 am] Ed : nice one qwert on ROSE
[09:40 am] qwert : thx ed to bad i didn’t
trade it
[09:40 am] Ed : those are the best one
sometimes, the one u miss
[09:41 am] qwert : i kept thinking it would
drop farther
[09:42 am] derns : DMND
[09:42 am] doji : DMND dropping
[09:44 am] doji : Any news in DMND
[09:44 am] derns : I know of no new news on
DMND…
[09:48 am] doji : DMND approaching lod[09:49
am] doji : Not yet
[09:49 am] weston : lod = lowest of day?
[09:49 am] lightning : yes, weston. and HOD
= high of day
[09:50 am] weston : alright, thanks, ROSE
short at 44.43
[09:50 am] weston : is stop lost at 45 good
for ROSE?
[09:53 am] mhaus : Watching ONXX
[09:56 am] lightning : …that seems like an
OK stop, maybe a little generous.
[09:57 am] mhaus : Stop should be 44.60
[10:01 am] lightning : weston, now that
you’re up 1% on ROSE, you may want to take
half your position off…up to you, but it
can be good to books some gains, move the
stop to breakeven, and then you have a
risk-free trade going on.
[10:02 am] weston : Thanks lightning
[10:04 am] doji : SPY dropping
[10:04 am] doji : below support
trendeline[10:12 am] weston : if I know DMND
is low of the day, is means … I can
potential wait for a bounce and short
again?
[10:13 am] Ed : not necessarily, depends on
stock,news,overall market.
[10:15 am] weston : I see …
[10:33 am] Kris : What I like to do weston is
get a gauge on the market and see how a stock
is acting with or against the market
[10:33 am] Kris : so if something is weak
against a strong market
[10:33 am] Kris : and it has bounced a couple
times off the low of the day
[10:34 am] Kris : preferably with smaller and
smaller bounces, I’ll look to short into
that, I may take a little before the break
and add on the break of support
[10:34 am] Kris : that was like my INCY trade
this morning
[10:34 am] Kris : it was strong against the
market and was consolidating near its highs
as the market was trying to find support
[10:34 am] Kris : make sense?
[10:35 am] weston : make sense 🙂
[11:05 am] doji : ROSE
[11:12 am] doji : R1 at 64.5
[11:13 am] doji : SPY dropping
[11:13 am] doji : Anyone shorted ROSE below
43.5?
[11:13 am] doji : 44.5 sorry
[11:16 am] eyes : S CELG 64.04
[11:18 am] doji : CELG and ITMN still
strong
[11:19 am] doji : NFLX
[11:22 am] doji : CELG is consolidating to
move up?
[11:23 am] doji : Yeahhh me too
[11:23 am] doji : Still short Eyes?
[11:24 am] eyes : stop 64.28
[11:24 am] doji : R1 = 64.47 in CELG
[11:34 am] derns : MDVN
[11:34 am] victor51 : Trade Station users.
Do you know how to get a report showing
weekly gain and loss report. Thanks
[11:34 am] Ed : go to trade manager
analysis
[11:36 am] doji : Esye, did you short CELG
again when it hit R1?
[11:36 am] chinhngo : cat = 92.40 lod[11:36
am] doji : @ 67.47
[11:36 am] doji : 64.47
[11:36 am] eyes : No doji I am done
[11:37 am] joeytsa : wow, Modern Warfare
topped $1B in sales in 16 days..that’s crazy
for a video game
[11:37 am] doji : SPY has had weak rebounds
so far
[11:40 am] victor51 : Ed, It gave me daily
but how to retrieve for a specific date
range?.
[11:41 am] Ed : just click on and calendar
will come up
[11:42 am] Ed : anyone get CELG, I passed was
looking at other idea
[11:42 am] qwert : ed thx for itmn[11:42
am] joeytsa : no, missed CELG, been focused
on CRM
[11:42 am] Ed : no problem
[11:52 am] qwert : joey did you short
crm[11:53 am] victor51 : Thanks ED
[11:53 am] Ed : u got it
[11:53 am] joeytsa : earlier, not at the
moment qwert[11:54 am] qwert : just looked
at crm[11:55 am] joeytsa : i missed the big
setup approx 7am, but caught 2 smaller
re-shorts
[11:56 am] qwert : thanks was just
curious
[11:57 am] doji : SPY moving now?
[11:58 am] qwert : gonna call it a day see
everyone in the am killer calls today
thanks
[11:58 am] Ed : c ya qwert[12:11 pm] victor51
: Ed, it’s great report. Is there any way I
can get details at Symbol level for a week
span?
[12:12 pm] Ed : go to trade manager
[12:25 pm] doji : SPY moving
[12:27 pm] joeytsa : today reminds me of
friday, lots of early action..then a snooze
fest
[12:29 pm] doji : Aggg missed NFLX short
[12:30 pm] doji : from 76.5
[12:31 pm] joeytsa : even if you caught it
at 76..nice trade
[12:35 pm] joeytsa : yes mitch[12:35 pm]
garyb : yes
[12:35 pm] jsn13 : yup
[12:36 pm] lightning : watching NFLX for a
bounce
[12:36 pm] jsn13 : so when the next bar is
having some difficulties in exceeding the
high u would straight open a full short
position?
[12:37 pm] joeytsa : capitulation
[12:38 pm] jsn13 : or once the last green
bar close, send in limit order?
[12:38 pm] jsn13 : any concrete signs u r
looking for after the largest abr closed?
[12:40 pm] jsn13 : Mitch for this, since the
price moved so fast, would it wait for
stochastics to react, or that the price
action is good enough to signal the
reversal?
[12:40 pm] jsn13 : *would you wait for
stochastic and moving average to turn?
[12:44 pm] joeytsa : CRM running
[12:45 pm] joeytsa : might get toppy
[12:50 pm] jsn13 : can u explain a bit more
on ur actions when u see the chart like
ITMN?
[12:50 pm] lightning : Thanks TSA and
everyone. See you tomorrow.
[12:54 pm] doji : Good night everyone, did
couple of dumb trades, now exactly what went
wrong
[12:57 pm] Ed : a lot of sellers still in
CAS
[12:57 pm] joeytsa : some buying a at lower
levels waiting?
[12:58 pm] Ed : yep. no time left
[12:58 pm] joeytsa : agree…someone wants
2000 shares at 8.20
[01:00 pm] joeytsa : been trying to focus on
L3..been awhile
[01:00 pm] joeytsa : this 1225 level on the
ES is a big one
[01:01 pm] joeytsa : good night Mitch,
thanks
[01:01 pm] jsn13 : thank u everyone….good
night….
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