| (06:10 am) Mitch King:Premarket DOWN: PRGO,
SOHU, WYNN, MDCO, CYOU, TM, WFM, TSLA, PRAA,
AMZN, BA
(06:10 am) Mitch King:Premarket UP: ELN,
ISRG, FB, CSIQ, USU, OMC, DDD, SSYS
(06:27 am) Ed :HLF reports after close today
so may have some action during day
(06:29 am) JoeyTSA :CELG on radar also
(06:30 am) Mitch King:watching SKM
(06:30 am) Mitch King:watching FRX
(06:30 am) Mitch King:watching SOHU for
bottom
(06:30 am) Mitch King:watchign SBGI
(06:31 am) Mitch King:watching HTZ
(06:31 am) Mitch King:watching ARW
(06:31 am) Mitch King:watching ELN
(06:31 am) JoeyTSA :AAPL,AMZN both spiked
(06:31 am) Mitch King:watchign GAME drop
(06:31 am) Mitch King:watching MNST
(06:31 am) Mitch King:monitoring KRFT for
uptrend
(06:32 am) Mitch King:monitoring SNDK
(06:32 am) Mitch King:watching PRGO
(06:32 am) Mitch King:watching IPG for short
(06:32 am) Mitch King:watching OMC
(06:32 am) Mitch King:FSLR, SPWR, CSIQ,
(06:32 am) Mitch King:watching solar stocks:
JASO
(06:33 am) Mitch King:watching NWL
(06:33 am) JoeyTSA :eye on GD here @ $84,
weak so far
(06:33 am) Mitch King:watching SYNA
(06:33 am) Mitch King:watching ISRG for
uptrend
(06:34 am) Ed :eye on USU also
(06:34 am) Mitch King:IPG toppy
(06:34 am) Mitch King:watching SOHU closer
(06:34 am) Mitch King:HLF spiked
(06:34 am) Mitch King:watching YRCW
(06:34 am) Mitch King:watching TEN
(06:35 am) Mitch King:watching USU, new high
(06:35 am) Mitch King:SNE trying to bounce,
slow mover, so so
(06:35 am) Mitch King:watching lower priced
stock SNTA
(06:35 am) JoeyTSA :NUS on watch too
(06:35 am) Ed :tends to be active be carfeul
with srpead
(06:35 am) Mitch King:watching MYGN
(06:36 am) Mitch King:watching DDD
(06:36 am) Mitch King:monitoring BA for
trades today
(06:37 am) Mitch King:watching TAL drop
(06:37 am) Mitch King:watching HFC for top
(06:37 am) Mitch King:watching HLF for bottom
to buy,
(06:38 am) Mitch King:watching GRPN drop,
possible long trade soon
(06:38 am) Mitch King:should find SNTA shares
to short
(06:39 am) Mitch King:watching AGNC, toppy
now
(06:39 am) Mitch King:watching YRCW closer
(06:39 am) Mitch King:monitoring PPG
(06:39 am) Mitch King:keep watching HLF
(06:39 am) Mitch King:watching TSRO
(06:39 am) Mitch King:watching YRCW closer,
spike down further
(06:40 am) Mitch King:FB toppy
(06:40 am) Mitch King:SOHU trying to bounce
(06:40 am) Mitch King:HLF trying to bounce
(06:40 am) Mitch King:watching GMCR
(06:40 am) Mitch King:watchign JAZZ
(06:41 am) Mitch King:watching FSLR for
bottom
(06:41 am) Mitch King:trades on OMC,
agreement to merge with some other company
(06:42 am) Ed’s assistant :Monitoring FB
(06:43 am) Mitch King:YRCW trying to bounce
(06:43 am) Mitch King:consider reducing PRGO
long soon
(06:44 am) Mitch King:watching Chinese stock
CYOU,
(06:44 am) Mitch King:consider gradually
selling HLF if long, dont think it makes new
highs
(06:44 am) Ed :levels to keep eye on USU 25,
FB 35 level
(06:45 am) Mitch King:watching low priced
stock GAME
(06:46 am) Ed :on GMCR keep tabs on 76level
(06:46 am) Mitch King:watching CYH
(06:46 am) Mitch King:PRGO looks toppy here,
decent short
(06:47 am) Mitch King:watching HMA
(06:47 am) Mitch King:more momentum on YRCW
but smart to gradually sell
(06:47 am) JoeyTSA :TSLA testing $130
(06:47 am) Mitch King:new low on CL 09, worth
watching for long
(06:48 am) JoeyTSA :LL on potential breakout
watch, over $94
(06:50 am) Mitch King:YRCW should drop more
than the PRGO short
(06:50 am) Mitch King:dip toe in water for
short in YRCW, small toe
(06:50 am) Mitch King:consider selling YRCW
(06:53 am) Mitch King:YRCW still strong but
dont buy now, just looking for top for
possible short; thinking it will eventually
look like PRGO chart
(06:54 am) JoeyTSA :watching QIHU for a
bottom, maybe see if $61 holds
(06:54 am) Mitch King:new low on CL 09,
looking for long trade eventually
(06:55 am) Mitch King:first bounce with CL 09
will be smaller, then pullback with higher
low, then higher high. thats normally how
you see a trend reversal develop
(06:56 am) Mitch King:CL 09 down 100 ticks in
last hour
(06:57 am) Mitch :PRGO rebounding
(06:57 am) Mitch King:you guys ee the article
that JPM getting out of the futures trading
business, unloading their longs in CL, GC,
etc.
(06:58 am) Mitch King:CL 09 good price level
to start going long
(06:58 am) JoeyTSA :tighten AAPL if long,
might be getting tired
(06:58 am) Mitch :watching ISRG
(06:58 am) Ed :pending home sales should be
coming out
(07:00 am) Ed :*(US) JUN PENDING HOME SALES
M/M: -0.4% V -1.0%E; Y/Y: % V 11.5%E
(07:04 am) Mitch :it might take some time
though
(07:04 am) Mitch :should get a real good
bounce on CL 09
(07:11 am) Mitch :watching DDD for top soon
(07:19 am) Mitch :monitoring EXPE
(07:19 am) Ed’s assistant :Monitoring AMBA
(07:21 am) JoeyTSA :USU to test $26 here
(07:24 am) JoeyTSA :BIDU on breakout watch
(07:25 am) Mitch :watching TSLA for top
(07:31 am) Ed :US) July Dallas Fed
Manufacturing Activity: 4.4 v 7.3e
**Components – Production: v 17.1 prior –
Capacity Utilization v 15.3 prior – New
orders v 13 prior – New order growth rate v
7.1 prior – Shipments v 15.4 prior – Raw
materials prices paid v 14.3 prior
(07:32 am) Mitch King:anyone still long in CL
09 I dare you to hold until you get an
enhanced sell signal, an orange, purple, cyan
blue or pink stripe with red arrow pointing
down is an enhanced sell
(07:32 am) Ed :Playing reversals can be
tough. Its an advanced type trade. I made
comments before how one can play looking for
confirmation of short term change will
comment again
(07:33 am) Ed’s assistant :Monitoring FDML
(07:34 am) Ed :What you do when ur looking to
play reversal of dominate trend, is wait for
low to be establish, with doji, hammer,
bullish engulfing pattern, then what you want
is retest of the aformentioned with similar
type candle to confirm that low has been
tested and held with doji, bulllish engulfing
pattern, or hammer. Just knowing this basic
will save u ton
(07:34 am) Mitch :monitoding ACT
(07:36 am) Ed :I u never get test of lod, Im
speaking of when u have dominate trend
looking for reversal just pass, wait for
next setup
(07:37 am) Ed :hope this helps
(07:37 am) Ed :Many times I will take first
signal, but again that comes from lot of hard
work, study and many losses to figure out
price, volume, etc
(07:39 am) Ed :technique will work for any
instrument or market.
(07:41 am) Ed :with that said, if ur new to
trading and are inconsistent, or going
through rough patch as seasoned trader, best
to stay with trend
(07:42 am) Ed :Action may seem to be slowing
a tad, we have FOMC meeting for 2 days this
week
(08:00 am) Mitch :watching OMC for bottom
(08:03 am) JoeyTSA :watching /CL as it nears
$105
(08:03 am) Mitch :watching USU for bottom
(08:04 am) Mitch :sell signal on CL 09
(08:13 am) Mitch :looking for a bottom in ES
09 to buy
(08:21 am) JoeyTSA :OMC trying to hold $66
(08:24 am) Mitch :another buy signal on ES
09
(08:54 am) Ed :YNDX just monitoring for now
(09:00 am) Ed :Market Internals update at
12:00ET – NYSE volume 210M shares, about 18%
below its three-month average; decliners lead
advancers by 2.9:1 – NASDAQ volume 630M
shares, about 9% above its three-month
average; decliners lead advancers by 2.3:1.
– VIX index +8.3% at just over 13.00
(09:02 am) Ed :Set an alert on ACAD @20.
Looking for test @near20.31 for potential
short
(09:08 am) Qwert :monitoring T setting alert
at 35.95 area
(09:09 am) Mitch :monitoring CEL
(09:10 am) Ed :CEL Ticking higher on
circulation of Israel press takeover
speculation
(09:31 am) Mitch :watching OLED
(09:39 am) Mitch :watching SNTA
(09:44 am) Ed :fyi: from what we discussed
earlier for study SNTA is great example the
bearish engulfing pattern at 12:32 confirmed
the shotting star at 12:06. u aslo had
topping action of doji 12;10. all these were
confimred 12:32
(09:46 am) Ed :Also keep price of stock in
context, after great call, and signals u had
about .30 drop. close to 4.6%
(09:53 am) Ed :just more teaching, on SNTA
you had nice rejection of price time est.
10:18, risk v. reward at this time would be
too risky to take short, so you just
patiently wait to see if price will make
another attempt at highs, you dont
anticipate, you just let stock tell you what
its doing and based on what I mentioned
earlier it happened to play out for nice
short
(09:55 am) Ed :Now if you have lightning, you
dont have to interpret all I mentioned, it
does it for you
(09:57 am) Ed :Hope this has been help to
someone
(10:04 am) Mitch :watching CL 09
(10:10 am) Ed :JP) Japanese government
reportedly to publish official 2014 real GDP
growth forecast of around +1.0% – Nikkei News
–
(10:12 am) Ed :(EG) White House: Democracy in
Egypt has encountered a setback as a result
of the violent military crackdown on
protests-
(10:12 am) Ed :for first time US speaking out
against latest actions by Egypts military
(10:14 am) Ed :TSLA new hod
(10:26 am) Ed :make sure to keep NUS on list,
been consolidating at highs on daily
(10:27 am) Ed :settiing up in nice triangle
on daily and 15minute chart
(10:37 am) Mitch King:spike down in SPY
(10:47 am) Mitch King:CL drop, small one,
just monitoring
(11:01 am) Mitch King:should get a bounce in
CL
(11:02 am) JoeyTSA :/ES testing pp res
(11:14 am) Ed :AAPL putting in some nice
consolidation in range on 1minute and 15
minute chart
(11:15 am) Murano :watching SCTY
(11:15 am) Ed :the more time its spends
trading in range better
(11:33 am) Murano :watching CYH coming up
on R3
(11:34 am) JoeyTSA :low priced LLEN, getting
vol
(11:34 am) JoeyTSA :ASI spike
(11:51 am) Ed :CF
(11:58 am) Ed :reducing 3/4 CF long
(11:58 am) Ed :CF Hearing chatter activist
investor Dan Loeb (Third Point) has bought a
stake in the company-
(12:24 pm) JoeyTSA :LLL vol spike as it lost
$92
(12:32 pm) Ed :Market Internals update at
15:30ET – NYSE volume 390M shares, about 17%
below its three-month average; decliners lead
advancers by 2.2:1 – NASDAQ volume 1.17B
shares, about 13% below its three-month
average; decliners lead advancers by 1.9:1.
– VIX index +5.8% at just over 13.00
(12:55 pm) Ed :have a great evening traders | (06:01 am) JoeyTSA :Good morning
Mitch,Qwert,everyone
(06:01 am) JoeyTSA :pending home sales @
7pdt
(06:02 am) JoeyTSA :gap up: OMC,ELN,USU,ISRG
(06:02 am) JoeyTSA :gap down: SOHU,WYNN,PRGO
(06:10 am) Murano :good morning
(06:11 am) Qwert :Good morning to everyone
(06:11 am) Qwert :thx for the gaps joey,
mitch
(06:11 am) JoeyTSA :thx Mitch
(06:27 am) elisha :gm all
(06:28 am) Qwert :thx ed
(06:29 am) JoeyTSA :thx Ed,
SOHU,VRTX,FIRE,ESRX,NRTI other popular
earnings names today
(06:29 am) JoeyTSA :thats NTRI
(06:29 am) elisha :thx Mitch, Ed and Joey
for info
(06:31 am) JoeyTSA :nice on HLF Ed 🙂
(06:33 am) JoeyTSA :AMZN came right back,
watching this level
(06:35 am) JoeyTSA :i didnt take it, but WYNN
from gapdown list is up $3
(06:36 am) JoeyTSA :USU has been very active
past few trading sessions
(06:37 am) JoeyTSA :AAPL just might get to
$450,
(06:38 am) JoeyTSA :if long, dont let any
profits slip
(06:40 am) JoeyTSA :/ES tight range, /CL
just watching 104.80 area to see if it holds
(06:41 am) JoeyTSA :NFLX testing $250 res,
BIDU might try for $130, both CMG/AAPL near
hod
(06:46 am) JoeyTSA :missed bottom on YRCW
(06:46 am) JoeyTSA :/ES finally broke tight
range
(06:49 am) JoeyTSA :LL vol is low, so if you
play, smaller size to begin with
(06:50 am) JoeyTSA :nice on YRCW
(06:50 am) JoeyTSA :didnt get it
(06:51 am) JoeyTSA :GOOG had nice early move,
see if pullback sets it up for run to $900
(06:52 am) JoeyTSA :AAPL back on radar
(06:57 am) JoeyTSA :i saw something about it
but didnt read the article
(07:02 am) JoeyTSA :AMZN,LNKD,NFLX,PCLN
testing lod
(07:03 am) JoeyTSA :AAPL,BIDU,CMG testing
hod, GOOG in between
(07:06 am) JoeyTSA :USU $24 level strong
support at the moment
(07:21 am) JoeyTSA :USU has been a very good
trader
(07:27 am) JoeyTSA :USU now testing $28
(07:28 am) Ed :been great long since this am
(07:28 am) Ed :also off level u called
(07:28 am) JoeyTSA :yeah, had gap up this
morning, just beautiful
(07:29 am) Qwert :Great CL call Mitch
(07:31 am) JoeyTSA :yeah, nice on /CL, i let
it go but dbl bot near 104.10 was perfect
(07:31 am) JoeyTSA :thx Ed
(07:33 am) JoeyTSA :is that Diosna back in
the house? welcome back 🙂
(07:35 am) Qwert :ELN at lod
(07:35 am) skydiver :thnx Ed
(07:35 am) JoeyTSA :thx Ed
(07:36 am) JoeyTSA :OMC lod
(07:37 am) Qwert :thx ED
(07:37 am) skydiver :yes indeed Ed . . .
thanks again 🙂
(07:37 am) JoeyTSA :thanks Ed
(07:38 am) JoeyTSA :break time, see you in
20, very nice trades so far
(07:38 am) Ed :c ya joey
(07:39 am) skydiver :take care joey
(07:50 am) elisha :thanks for lesson Ed
(07:59 am) so :USU watching
(08:03 am) JoeyTSA :Good lesson Ed
(08:13 am) JoeyTSA :another nice bounce on
USU
(08:14 am) JoeyTSA :TSLA nice on that break
over $130
(08:33 am) JoeyTSA :i will be out of the
trading room thurs-mon, might check in real
quick, but back in action on 8/6 🙂
(08:35 am) Qwert :vacation joey?
(08:35 am) JoeyTSA :yeah, going to NY,
hitting Saratoga 😉
(08:35 am) JoeyTSA :might even spend a few
minutes with family haha
(08:35 am) Qwert :should be fun
(08:36 am) JoeyTSA :should be, track
thursday, family reunion saturday
(08:37 am) Qwert :sounds like a lot of fun
(08:37 am) JoeyTSA :just hope my handicapping
stays strong for thursday
(08:37 am) JoeyTSA :will do it on the plane
(08:37 am) JoeyTSA :OMC still weak
(08:53 am) Ed :sounds like you will have a
blast
(08:55 am) JoeyTSA :it will be a nice break
(08:55 am) JoeyTSA :between summer earnings
and summer racing, this is my busy/hectic
time of the year
(09:03 am) JoeyTSA :thx Ed, was watching them
as they neared $19, didnt play though
(09:04 am) Ed :yea missed that move over 19,
although would not have taken it around this
time of day
(09:04 am) JoeyTSA :should go do my workout
haha
(09:05 am) JoeyTSA :i tend to either force
trades or just not take them anyways
(09:06 am) Ed :thats when time for slap hand
(09:07 am) JoeyTSA :think i will go in a few
and do that 🙂
(09:07 am) Qwert :yeah my hand is always red
hahah
(09:11 am) JoeyTSA :QIHU trying to hold $60,
but weak
(09:40 am) Ed :nice call Mitch
(09:57 am) Qwert :yes thx Ed
(09:58 am) Ed :hey master Qwert
(09:58 am) herman :thanx ed
(09:58 am) Qwert :haha
(09:58 am) Ed :and prince herman
(11:11 am) JoeyTSA :SSYS nice run
(11:15 am) JoeyTSA :thx Ed, had $450
potential target earlier
(11:16 am) JoeyTSA :BIDU still with issues
around $130
(11:16 am) JoeyTSA :at least TSLA got a nice
$5 run on the break over $130
(11:16 am) Ed :yea think that range has been
since about 10
(11:16 am) Ed :est
(11:16 am) Ed :yes it did
(11:27 am) Murano :covered all SCTY
(11:28 am) JoeyTSA :nice trading Murano,
those plays are right in your wheelhouse
(11:29 am) herman :fb
(11:29 am) Ed :nice bounce on OLED saw it
late
(11:29 am) Ed :u get that one qwert?
(11:30 am) Ed :i turn and see that Diosna had
chart up also
(11:34 am) JoeyTSA :ASI ; lower vol, just
hard 75k vol candle
(11:39 am) Qwert :Sorry Ed just walked back
in no missed OLED nice one tho
(11:42 am) JoeyTSA :didnt get SSYS pullback,
but watching to see if this level holds
(11:43 am) Ed :yea i missed also
(11:58 am) JoeyTSA :just heard that on CNBC,
stock on fire
(12:01 pm) Ed :be nice if they bought stock
in some more each day until sept
(12:01 pm) JoeyTSA :Loeb’s company owns 70
million shares of Sony
(12:02 pm) JoeyTSA :next time you see that
kind of news you just jump on for the ride
(12:03 pm) JoeyTSA :Loeb’s great-aunt
invented the Barbie doll and co-founded
Mattel, i get the feeling they have some cash
🙂
(12:03 pm) Ed :just little
(12:03 pm) Ed ::)
(12:06 pm) skydiver :thanks for CF Ed
(12:06 pm) Ed :ur welcome
(12:06 pm) skydiver ::)
(12:06 pm) herman :didnt play too pricey
(12:07 pm) Ed :hey herman how di d u play
long or short
(12:07 pm) herman :didnt
(12:07 pm) herman :watched
(12:08 pm) Ed :ok
(12:10 pm) herman :good play though
(12:13 pm) Murano :covered 3/4 CYH
(12:14 pm) JoeyTSA :great 3rd leg up on CF
(12:14 pm) Ed :yep
(12:15 pm) herman :all out at 47 ouch
(12:16 pm) Ed :and my comments from earlier
on this strong trender would have kept anyone
out of short side
(12:16 pm) Ed :if followed that is
(12:17 pm) JoeyTSA :perfect lesson
(12:17 pm) Ed :my motto is always no hurry to
go agianst strong trend
(12:18 pm) Ed :one can make lot of money just
playing trend
(12:18 pm) Ed :but i like excitement, with
discipline though
(12:18 pm) JoeyTSA :sure can, and it gives
you a definate plan to follow
(12:19 pm) herman :you are absolutely right
(12:20 pm) Murano :covered last 1/4 CYH
(12:20 pm) JoeyTSA :AGU hod
(12:21 pm) Ed :guess CF helping Ag chemicas
(12:22 pm) JoeyTSA :$20 move on CF, crazy
(12:22 pm) skydiver :yes . . crazy indeed on
CF
(12:22 pm) Ed :yep crazy nice
(12:22 pm) skydiver ::)
(12:23 pm) Ed :4 years ago i would have
shorted CF about 50 times by now
(12:23 pm) JoeyTSA :haha
(12:23 pm) Qwert :hahaaah
(12:23 pm) Qwert :2 years ago i would have
(12:23 pm) Ed :and then wonder what was wrong
with me
(12:26 pm) JoeyTSA :now we just have to work
harder to find out whats wrong with you 🙂
(12:26 pm) Ed :lol
(12:29 pm) Qwert :just ask my wife shes good
at figuring these things out
(12:29 pm) Ed :uhh ohh
(12:29 pm) JoeyTSA :haha
(12:32 pm) JoeyTSA :AGU another hod
(12:36 pm) JoeyTSA :AAPl trying for $450
(12:37 pm) JoeyTSA :stuck at 499.99 haha
(12:37 pm) JoeyTSA :449.99 i mean
(12:37 pm) Ed ::)
(12:37 pm) JoeyTSA :Thanks
Mitch,Ed,Diosna,Qwert,Murano, everyone
(12:38 pm) Ed :c ya joey
(12:38 pm) Qwert :cya joey have a great
night
(12:38 pm) JoeyTSA :time to run, catch last
couple of races, see you all tomorrow
(12:38 pm) Ed :when u take ur trip
(12:38 pm) JoeyTSA :i leave wednesday
afternoon, will only trade until breakfast
that day
(12:38 pm) Murano :see you Joey
(12:38 pm) Ed :ok
(12:51 pm) Murano :done for the day, see you
tomorrow
(12:51 pm) Qwert :Bye everyone cya all in the
am
(12:51 pm) Qwert :bye murano
(12:52 pm) Ed :c ya qwert murano
(12:55 pm) herman :thanx ed
(12:55 pm) herman :thanx ed
(12:56 pm) herman :bye everyone
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