| (06:04 am) Mitch King:CL 08-13, Light Sweet
Crude should have excellent trading today
with strong forces for up moves as well as
down. My guess is the upside will be
stronger later today. We make more money
whent here is not a one-sided market either a
strong downtrend or uptrend but a balanced
equal up and down cycles
(06:05 am) Mitch King:Remember that CL has
come down from $99 since last week to low $93
and there is going to be some pressure on the
short term to move up
(06:05 am) Mitch King:it is already showing
that pattern today
(06:07 am) Mitch King:looking for a bounce in
CL 08 very soon
(06:28 am) Mitch King:ISIS trending up
strongly, odds are it will continue with the
market down. Any rebound will help boost
stocks that are moving up
(06:30 am) JoeyTSA :watching GILD
(06:30 am) Mitch King:watchign JBHT
(06:31 am) Mitch King:monitoring LRY
(06:31 am) JoeyTSA :eye on IBM $193 level
(06:31 am) Mitch King:watching WYNN
(06:31 am) Mitch King:watchign PCAR
(06:31 am) Mitch King:watching SOHU
(06:31 am) Mitch King:watching NCLH for
trades
(06:32 am) Mitch King:watching LVS
(06:32 am) Mitch King:watching HOG
(06:32 am) Mitch King:watching CREE
(06:32 am) Mitch King:watchiong CAT
(06:33 am) Mitch King:watching JPM
(06:34 am) Mitch King:watching INVN
(06:34 am) Mitch King:watching PCAR
(06:34 am) Mitch King:watching NTES
(06:35 am) Mitch King:watching TSLA
(06:35 am) Mitch King:watching TTM
(06:35 am) Mitch King:watching OCN
(06:36 am) Mitch King:watching WLL
(06:36 am) JoeyTSA :UVXY climb as /ES falls
(06:36 am) Mitch King:watching NSC
(06:36 am) Mitch King:watching NOV
(06:36 am) Mitch King:watching VHC
(06:36 am) Mitch King:watching OXY
(06:36 am) Qwert :monitoring MPEL
(06:36 am) JoeyTSA :watching AMZN fall
(06:36 am) Mitch King:HD strong in down
market
(06:36 am) Mitch King:watching ALK
(06:36 am) Mitch King:watching DE
(06:37 am) Mitch King:watching LVS closer
(06:37 am) Mitch King:watching AGN
(06:37 am) Mitch King:watching KMP
(06:37 am) Mitch King:watchign TREX
(06:38 am) Mitch King:JPM bouncing
(06:38 am) JoeyTSA :eye on CBI also
(06:38 am) Mitch King:watching FLS
(06:39 am) Mitch King:watching APD
(06:39 am) Ed :SPY new lod
(06:40 am) Mitch King:watching RLGY
(06:40 am) Mitch King:watch ES 09 for a sign
of a market turn, or use SPY
(06:40 am) JoeyTSA :AGN still falling
(06:40 am) Mitch King:watchign ST
(06:40 am) Mitch King:watching IFF
(06:40 am) Mitch King:watching MOS
(06:41 am) Mitch King:watching SLCA for
bottom
(06:41 am) Mitch King:THC up, should be
strong today
(06:42 am) Mitch King:CXO bouncing
(06:42 am) Mitch King:watching CMI
(06:42 am) Mitch King:watching CG
(06:42 am) Mitch King:watching YNDX
(06:43 am) JoeyTSA :eye on FFIV
(06:43 am) Mitch King:watching MTW
(06:43 am) Mitch King:monitoring MJN
(06:43 am) Mitch King:watching CP
(06:44 am) Mitch King:most all these stocks
im posting are down and should turn up with
the market indexes,
(06:44 am) JoeyTSA :GS $150 support on watch
(06:44 am) Mitch King:watching MPEL
(06:44 am) Mitch King:watching JOY
(06:44 am) Mitch King:watchign CRM
(06:45 am) Mitch King:watching CROX for
bottom
(06:46 am) Mitch King:TREX bouncing
(06:46 am) Mitch King:watching GDXJ
(06:47 am) JoeyTSA :tighten /CL if long,
another one i missed
(06:48 am) Mitch King:the bounces in stocks
should be stronger than normal, we have had 4
down days in a row, long moves should be
better today
(06:48 am) Mitch King:i am refering to CL 07,
Crude oil
(06:48 am) Mitch King:and the shorts should
be small profit targets if any
(06:48 am) Mitch King:this is the kind of
long bounces im talking about earlier on CL
08, should get good cycles, focus on the long
side mostly
(06:51 am) JoeyTSA :ULTA trying to breakout a
bit
(06:52 am) Mitch King:now the pullback in ES
and CL, i think you want to look for a bottom
to buy, not to short, focus on the long side
(06:53 am) Mitch King:also look for 2nd
helpings on the long side with stocks that
bounced. stock charts like WYNN, LVS,
others. if a stock hasnt had a bounce yet,
dont look for a 2nd helping on that
(06:55 am) Mitch King:we want this setup
where 4 or 5 down days in a row in NASDAQ and
market gets a little panicky, when you see
those headlines first time in 19 months of 4
down days, blah blah, start watching for the
turn up, they are very powerful
(06:56 am) JoeyTSA :ABC on watch
(06:57 am) Mitch King:look for 2nd helpings
on ag chemical stocks; MOS, AGU, POT
(06:57 am) JoeyTSA :/ES needs to hold 1560
area
(06:58 am) JoeyTSA :eye on SOHU
(06:59 am) Mitch King:monitoring OKS
(07:01 am) Mitch King:watchign NTI
(07:01 am) JoeyTSA :and KMP $78 level
(07:01 am) JoeyTSA :eye on MWE
(07:02 am) Mitch King:watching CL for bottom
(07:02 am) Mitch King:watching BA, Boeing
(07:05 am) Mitch King:so it should bring
stocks up with it
(07:05 am) Mitch King:ES getting good buy
signal
(07:08 am) Mitch King:the kind of bounce i
think we get today in market indexes is a
trend reversal, my guess is by end of day we
are in full uptrend mode, should last through
tomorrow and maybe Wednesday but this news
out of CHina is rattling the market
(07:08 am) JoeyTSA :ISIS on nice move
(07:09 am) JoeyTSA :tighten BIDU if short
(07:09 am) Mitch King:the stocks that will do
the best are ones that are trending up now,
like ISIS
(07:10 am) Ed :HUM same type of chart as WLP
(07:10 am) JoeyTSA :WLP broke out over $80
(07:12 am) Mitch King:HERO moving, low
priced
(07:12 am) Mitch King:looking for bottom in
CL again
(07:12 am) JoeyTSA :/CL, /ES still fighting
some res, /TF just pushed over 200ma
(07:15 am) JoeyTSA :watching /6J, up 100t
from premarket, been strong
(07:19 am) JoeyTSA :watching AMZN here
(07:23 am) Murano :EXC
(07:23 am) JoeyTSA :DDD weak
(07:25 am) JoeyTSA :CVRR weak, see if $27
holds
(07:28 am) Mitch King:should get a bounce in
CL here
(07:30 am) Murano :Covered 3/4 EXC
(07:30 am) Ed :*(US) JUN DALLAS FED
MANUFACTURING ACTIVITY: 6.5 V -1.0E
(07:33 am) Qwert :monitoring RIG needs more
volume
(07:33 am) JoeyTSA :/6J gave nice short, but
then threw me quick loss on a long haha
(07:34 am) JoeyTSA :AGN trying to hold $84,
looks/been weak
(07:38 am) Mitch King:ES 09 looks like it is
tryign to establish a bottom and could lead
to a trend reversal soon
(07:39 am) Mitch King:it isnt a situation
where you need to panic buy or anything,
because you have plenty fo time to get good
prices still
(07:40 am) Murano :Watching BBRY
(07:42 am) JoeyTSA :closed AGN short
(07:46 am) Murano :Covered 3/4 BBRY
(07:50 am) Murano :Covered last 1/4 EXC
(07:58 am) Mitch King:got important sell
signal on CL about 1 min ago
(07:58 am) Mitch King:a little later when
things slow down, I’d like to show you what
we are developing for the next Lightning
version. I showed it to a few people at
Friday’s close.
(08:01 am) Mitch King:also want to post some
thoughts i wrote down this weekend. After I
organize it better, I will post in Documents
folder too, found at link in lower right. if
i forget to do that today, remind me gently
(08:01 am) Murano :Covered last 1/4 BBRY
(08:03 am) JoeyTSA :looking for VRTX break
over $76
(08:06 am) JoeyTSA :see what AAPL does if it
touches $400
(08:22 am) Mitch King:ES came back down to
that 1556 support area, important area to
hold if market is to rebound
(08:29 am) Qwert :watching URI
(08:33 am) Mitch King:these often take an
hour or more to fully play out
(08:33 am) Mitch King:important buy signal on
ES, got two buy signals
(08:40 am) Qwert :monitoring SODA
(08:42 am) JoeyTSA :/ES trying to get back to
1560, S2 and 200ma in that area also
(08:52 am) JoeyTSA :watching BIDU here back
at $90
(08:53 am) Qwert :monitoring CTRP
(09:00 am) Ed :US) Fed’s Kocherlakota: Fed
should keep buying bonds until a 7%
unemployment rate is achieved
(09:24 am) JoeyTSA :eye on IOC for a bottom
(09:29 am) Ed :US) Fed’s Kocherlakota:
Sustained high rates could hurt jobs; Fed
lacks experience with quantitative easing
(QE) –
(09:50 am) Mitch King:this is that trend I
was talking aboutr earlier in CL, Light Sweet
Crude. Harder to trade than even cycles but
we were at $99 last week with low near $93
this morning. $94.75 area today is very
possible. Thats not a recommendation to buy,
just hunch.
(10:08 am) JoeyTSA :/ES just playing tag with
1560
(10:14 am) Ed :nice bounce in SPY
(10:15 am) Ed :VXX/UVXY testing low of days
range
(10:28 am) Murano :SWY
(10:33 am) Mitch King:ok, so CL has returned
to “neutral” area and most of the momentum is
out of it. now it is trading for small
profit targets
(10:45 am) Ed :nice bounce in markets
(10:53 am) Ed :keep ISIS and ULTA on list for
tomorrow, moved against mkt all day
(10:59 am) Qwert :monitoring CTB
(11:03 am) Murano :Watching RLGY
(11:05 am) JoeyTSA :eye on LL, nice climb
(11:06 am) Ed :SPY new hod
(11:11 am) Mitch King:you guys see KEYN,
Keynote? closed it off the Top10stocks
report THursday, buyout today. oh boy
(11:11 am) Ed :if u took short on break would
cover some in here
(11:11 am) Ed :nice break of range on
VXX/UVXY
(11:32 am) Murano :Watching QIHU
(11:58 am) JoeyTSA :ISIS touching $28, very
nice today
(12:16 pm) Ed :AGN new lod
(12:18 pm) Murano :Covered 3/4 QIHU
(12:30 pm) Mitch King:Here are some thoughts
i wrote to a couple of Russian brothers that
I am mentoring in trading. I think this
might help a lot of you.
(12:31 pm) Mitch King:2. Don’t think of
consequences of failing. Think of
consequences if you don’t try
(12:31 pm) Mitch King:1. Don’t worry about
losing money. Worry about trading correctly.
(12:32 pm) Mitch King:3. Get everything else
out of your mind when you trade. Not wife,
kids, Mitch, jobs nothing else.
(12:33 pm) Mitch King:5. Don’t wait for your
brother to confirm if you should buy or sell.
You decide for yourself and compare later. If
you don’t agree then say it later on daily
review.
(12:33 pm) Mitch King:4. You are the leader
in your family. You are being courageous
enough to make life better. Nobody else will
do it for you. Not your wife kids friends
parents or brothers.
(12:34 pm) Mitch King:7. If you are tired or
hungry take a break. Make sure you have
energy and attention span to follow trade to
end. Get up and shake body, move around just
for moment. When you leave room don’t talk to
anyone and explain to others not to talk to
you. You should still be thinking about
trading and market.
(12:34 pm) Mitch King:6. When you get
Lightning Version 3 in three weeks from now,
use 1 minute chart for overall buy and sell
levels and execute on 362 lightning bar
chart.
(12:35 pm) Mitch King:8. If you are upset
about trade don’t spread your emotions to
person next to you, positive or negative.
(12:36 pm) Ed :if u took AGN long would
reduce some in here
(12:38 pm) Murano :Stopped last 1/4 QIHU
(12:39 pm) Mitch King:9. It is best not to
tell people that you are or are planning to
trade full time. It adds unnecessary
pressure when more people are watching you.
(12:41 pm) Mitch King:10. Focus on building
your skills; don’t get distracted by trying
to teach other people about trading.
Besides, most people don’t want you to
succeed anyhow; only your family and a few
other close trading friends understand what
you are doing.
(12:53 pm) Mitch King:If your simulator
results are good and you are ready to trade
live, then its your decision if it’s a go or
no-go. Remember you are the head of the
household. She will eventually get behind
you knowing and watching that you have
prepared diligently. She will get behind you
real fast when you bring in more money than
your previous day job.
(12:53 pm) Mitch King:11. It is best to get
your spouse behind your decision to trade
full time. It is very difficult to trade
when she is negative or not fully supportive.
If you trade at home and she is a stay at
home mom and is negative on you, then I
wouldn’t trade at that location or possibly
not trade at all until she understands what
you are trying to do. You are not trying to
get her approval, you are explaining to her
what your goals and plans are.
(12:55 pm) Ed :have great evening traders
(12:55 pm) Mitch King:you guys have a great
day, should be good trading tomorrow,
especially in CL -8, Crude Oil. Stocks
should start moving up tomorrow, good day
trading tomorrow
(12:56 pm) Mitch King:These thoughts I posted
are from observations of teaching people
trading last 5 years, not intended to insult
women
| (05:57 am) JoeyTSA :Good morning
Mitch,Murano,Qwert,traders
(05:58 am) JoeyTSA :some nice futures moves
so far
(05:58 am) JoeyTSA :gap down:
SZYM,GOLD,TM,AAPL
(05:59 am) Murano :Good morning
(05:59 am) JoeyTSA :gap up: VHS,ISIS. both
STEC and KEYN look like buyouts
(06:00 am) Murano :VHS and STEC are buyouts
(06:00 am) JoeyTSA :thx
(06:01 am) Murano :Tenet buying VHS and
Western Digital buying STEC
(06:03 am) JoeyTSA :thx again, wasnt sure
about VHS, sometiems buyouts the stock doesnt
move, but VHS was doing some
(06:03 am) JoeyTSA :/ES,/6J, /GC,/TF all had
nice up moves
(06:05 am) JoeyTSA :last week i thought it
would hit $100, esp after it touched $99
(06:05 am) Qwert :Good morning to everyone
thx for the heads up mitch
(06:05 am) JoeyTSA :now under $94
(06:07 am) JoeyTSA :over night low on /CL was
93.05 ?
(06:08 am) JoeyTSA :GS downgrades China
(06:11 am) mns :Hi guys good morning
(06:12 am) Murano :Good morning mns
(06:12 am) JoeyTSA :good morning mns, new to
the room?
(06:13 am) Qwert :Welcome mns
(06:13 am) mns :thanks yes
(06:14 am) taco :good morning everyone
(06:14 am) JoeyTSA :nice to have you here,
the first hour can be crazy
(06:15 am) taco :thanks Mitch
(06:15 am) taco :thanks for gaps joey
(06:15 am) mns :ok thanks
(06:16 am) Qwert :Watching NG/
(06:17 am) Ed :welcome mns
(06:17 am) taco :hi mns
(06:17 am) JoeyTSA :good morning Ed,Diosna
(06:18 am) Murano :CWH may be halted from
last Friday??
(06:19 am) JoeyTSA :sure looks halted
(06:23 am) JoeyTSA :will be watching 1570 on
/ES
(06:27 am) JoeyTSA :watching $407 on AAPL,
think i will wait a couple minutes after the
bell before taking any positions
(06:29 am) elisha :gm all – thanks for info
Mitch and for gaps Joey
(06:30 am) JoeyTSA :no prob elisha, they are
just on watch, nothing juicy
(06:31 am) elisha :”)
(06:32 am) skydiver :watching TSLA
(06:33 am) skydiver :ISIS being nice so far
even with down market – thanks Mitch
(06:37 am) JoeyTSA :/ES down 6pts from 1570
watch area
(06:38 am) regatta :watching SRPT
(06:40 am) regatta :watching MGM
(06:40 am) JoeyTSA :PCLN losing $800, big
names look weak
(06:42 am) regatta :watching SZYM
(06:43 am) JoeyTSA :missed GMCR bounce
(06:46 am) skydiver :TSLA – nice bouince
(06:46 am) JoeyTSA :same with GMCR arrggg
hha
(06:46 am) Qwert :FSLR moving
(06:47 am) taco :LVS nice thx mitch
(06:48 am) JoeyTSA :im on /CL 08-13
(06:49 am) JoeyTSA :AAPL fighting at $405,
loss here gets it to $400 i think
(06:50 am) JoeyTSA :watching levels BIDU @
$90, PCLN @ $800
(06:51 am) regatta :VALE looks weak
(06:54 am) skydiver :thnx for AAPL joey –
shorted it
(06:54 am) skydiver :all out of AAPL short
(06:55 am) JoeyTSA :nice trade sky, was good
(06:55 am) skydiver ::)
(06:55 am) skydiver :thnx Mitch for great
teaching
(06:55 am) JoeyTSA :i didnt take BIDU short
at $90, but if bounce cant get back above, i
will try to short it
(06:56 am) JoeyTSA :thx Mitch
(06:56 am) taco :yes thanks
(06:57 am) elisha :thx for info Mitch
(06:58 am) regatta :SPY falling
(06:59 am) JoeyTSA :1559.50 is S2 on /ES
(07:00 am) regatta :watching SBS
(07:03 am) JoeyTSA :NYSE BPI slipped into O’s
and on a sell signal fyi
(07:03 am) skydiver :thnx joey
(07:11 am) JoeyTSA :nice moves today
(07:12 am) JoeyTSA :thx Ed
(07:12 am) JoeyTSA :nice chart on AET,
missed
(07:13 am) JoeyTSA :URI trying to hold $46,
weak so far
(07:16 am) JoeyTSA :GS really putting up a
fight near $150
(07:19 am) JoeyTSA :AMZN des tri past 30
minutes or so, just riding this pivot
(07:20 am) regatta :watching CLF
(07:23 am) JoeyTSA :ISIS just beautiful
today
(07:26 am) regatta :watching MITT
(07:30 am) Qwert :nice call on EXC murano
(07:31 am) JoeyTSA :thx Ed
(07:32 am) regatta :watching CNX
(07:33 am) JoeyTSA :in hindsight, should have
waited on that long, took a chance even
though signals hadnt signalled
(07:39 am) JoeyTSA :thx Mitch
(07:40 am) JoeyTSA :1557-1562 range on /ES
rigth now
(07:43 am) JoeyTSA :closed AGN, taking a
break..see you in 20
(07:43 am) Qwert :nice joey enjoy
(07:43 am) taco :c ya nice work
(07:43 am) skydiver :my time is up. . .great
calls today — thnx again — see ya all
tomorrow:)
(07:43 am) taco :c ya $ky
(07:44 am) skydiver ::)
(07:44 am) Ed :c ya sky
(07:44 am) Qwert :bye sky
(07:59 am) Qwert :thx mitch sounds great
(08:02 am) taco 🙂
(08:02 am) JoeyTSA :sounds great Mitch
(08:03 am) JoeyTSA :mns : you still here?
(08:04 am) JoeyTSA :Ed : did you get DUST?
sure wish i did
(08:04 am) Ed :no did not get it
(08:05 am) JoeyTSA :huge move though
(08:05 am) Ed :forgot about it today
(08:17 am) taco :thanks for great ideas,
back in a while. hope you make great
trades:)
(08:17 am) JoeyTSA :enjoy taco
(08:20 am) JoeyTSA :AAPL lost $400
(08:38 am) JoeyTSA :i mentioned the NYSE BPI
had switched to O’s earlier, quick
explanation..
(08:38 am) JoeyTSA :it takes a 6% change for
a column switch to happen…pretty big move
(08:38 am) JoeyTSA :means that 6% of stocks
on the NYSE has flipped from a buy signal to
a sell signal
(08:39 am) JoeyTSA :also mentioned that the
column of O’s was also on a sell signal,
which means the O’s made a lower low from the
last column of O’s
(08:57 am) JoeyTSA :DUST up $5 past 45 min
(09:10 am) Mitch King:DUST is trading like
CL, crude oil joey
(09:11 am) JoeyTSA :yeah, has a little better
vol action today, but usually its really
spotty
(09:11 am) JoeyTSA :im actually not touching
it
(09:26 am) JoeyTSA :Mitch, you asked for a
gentle reminder
(09:31 am) JoeyTSA :thx Ed
(09:31 am) JoeyTSA :tri-top area $200 level
on BIIB
(09:34 am) Murano :lunch time back in 20
(09:38 am) JoeyTSA :/Cl finally got back to
$94
(10:25 am) JoeyTSA :yeah Ed, nice bounce off
that 1460 test
(10:25 am) JoeyTSA :same with /CL off 200ma,
about 40t
(10:26 am) JoeyTSA :nice move in BIIB on tri
top breakout
(10:28 am) JoeyTSA :early lunch, see you in
20
(10:52 am) JoeyTSA :nice call on /CL
(11:12 am) JoeyTSA :nice one Mitch
(11:12 am) JoeyTSA ::)
(11:12 am) JoeyTSA :/ES on real nice run
since that 1560 bounce
(11:33 am) JoeyTSA :nice Murano
(11:33 am) JoeyTSA :/ES inching closer to
1580 now
(11:38 am) regatta :watching DXCM, low vol
(11:39 am) JoeyTSA :GMCR hod area
(11:40 am) JoeyTSA :1580 printed
(11:40 am) regatta :watching LPX
(11:47 am) JoeyTSA :missed entire LNKD move
(11:55 am) JoeyTSA :i just hope this
volatility keeps up until 7/8 when earnings
season kicks off again
(12:17 pm) JoeyTSA :was just looking at that
Ed
(12:18 pm) Qwert :nice Murano
(12:20 pm) Murano :I am holding1/2 of RLGY
short
(12:20 pm) JoeyTSA :nice on QIHU
(12:21 pm) Murano :Stop on RLGY 46.43
(12:26 pm) JoeyTSA :AGN trying to hold $82
(12:32 pm) jsn13 :Nice advices Mitch…
(12:34 pm) JoeyTSA :good advice Mitch
(12:34 pm) taco :good words Mitch
(12:35 pm) JoeyTSA :tri bottom on ?ES at
1572, S1 level
(12:36 pm) taco :thanks for AGN Ed, Joey,
i’m out but sweet
(12:36 pm) Qwert :yes great bounce on AGN
thanks
(12:45 pm) Murano :looking for 46.50 last 1/2
RLGY
(12:52 pm) Murano :covered last 1/2 RLGY
(12:53 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Murano,Qwert
(12:53 pm) Ed :nice trading murano
(12:53 pm) JoeyTSA :hope you all have a great
day, see you tomorrow
(12:53 pm) Ed :c ya joey
(12:53 pm) taco :bye joey
(12:56 pm) taco :excellent, thanks Mitch, Ed
Diosna, Qwert, Murano and everyone see you
tomorrow!
(12:56 pm) mns :you too Ed
(12:57 pm) Qwert :bye everyone have a great
night
(01:02 pm) mns :hey all guys in the trading
i wish everyone a great evening
|
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