| (06:21 am) Mitch King:keep tracking SR for
trades today. best odds on big drop quickly,
especially the first one this morning
(06:22 am) Mitch King:its very likely it
drops so be careful being long
(06:30 am) Mitch :watching YELP
(06:30 am) Mitch King:watching YELP
(06:30 am) Mitch King:watching TTM
(06:30 am) Mitch :watching SFLY
(06:30 am) Mitch :watching IDCC
(06:30 am) Mitch :watching AFOP
(06:30 am) Mitch King:watching TCK
(06:31 am) Mitch :watching TSLA
(06:31 am) Mitch King:thats the stock GOLD,
(06:31 am) Mitch King:monitoring GOLD
(06:31 am) Mitch :watching FOSL
(06:31 am) Mitch King:watching GOV
(06:32 am) Mitch King:watching CSIQ for top
(06:32 am) Mitch :watching APH
(06:32 am) Mitch King:AAPL over 465
(06:32 am) Mitch King:watchihng SCTY
(06:32 am) Mitch King:watching CBOE
(06:32 am) Mitch King:ISIS moving up,
monitoring for top to short, take time
(06:32 am) Mitch :watching PRU
(06:33 am) Mitch King:monitoring CNH
(06:33 am) Mitch King:watching IDCC
(06:34 am) Mitch King:watching IMGN drop
(06:34 am) Ed :STXS monitor for trades
(06:34 am) Mitch King:watching EGOV for top
to short, take time
(06:35 am) Mitch King:watching PCYC for top
to short
(06:35 am) Mitch :monitoring SF
(06:35 am) Mitch King:TSN up on import
chicken ban
(06:35 am) Mitch King:monitoring TSN
(06:36 am) Mitch King:watching SEE for
bounce
(06:36 am) Mitch King:watching GMCR
(06:36 am) Mitch King:watching SSP for
bottom, watching closely
(06:37 am) Mitch King:watching TDS closer
(06:38 am) Mitch King:SSP bouncing
(06:38 am) Mitch King:SSP forecasting
television revenue to be low teens
(06:40 am) Mitch King:nope, breaking down
lower
(06:40 am) Mitch King:looking for SSP to hold
this 14.60 level
(06:41 am) Ed :trail remainder of long STXS
(06:41 am) Ed :if u took SXTS long would
reduce some in here
(06:41 am) Mitch King:SSP still should be a
good bouncer once it finds a bottom
(06:43 am) Mitch King:watching SR, nice drop
so far,
(06:44 am) Mitch King:must use limit order on
SR
(06:46 am) Mitch King:ES 09 low of day
(06:46 am) Ed :TSLA Ticks a bit lower on
circulation of cautious article indicating
that its profits could be impacted by a
revision to California state tax credits
(06:46 am) Mitch :watching TSLA
(06:46 am) Ed :watch 10 level on STXS
(06:46 am) Ed :STXS still strong against
market
(06:46 am) Ed :getting more selling in
markets
(06:46 am) Mitch King:looking for small
bounce in CL 09, 10-15 ticks
(06:49 am) Mitch :monitoring PRLB
(06:49 am) Ed :ISM report coming up at 10am
est
(06:49 am) Ed :**Consensus expectations:
53.1e v 52.2 prior (06:50 am) Ed :SCTY, FSLR,
SPWR holding up well so far against market
(06:54 am) Mitch King:I think Thursday was
for manufacturing
(06:54 am) Mitch King:its ISM for Services
(06:54 am) Mitch King:watching ISM in about 6
minutes, Ed posted expectations below
(06:56 am) Murano :watching CLF
(06:56 am) Mitch King:if you have more than
one contract, i like to ease out of it
gradually
(06:56 am) Mitch King:consider selling some
of CL 09 if long, soon
(07:00 am) Ed :based on good numbers
(07:00 am) Mitch King:should last most of day
and into tomorrow
(07:00 am) Ed :selloff in gold
(07:00 am) Mitch King:market indexes should
move up sharply
(07:00 am) Ed :US) JULY ISM NON-MANUFACTURING
COMPOSITE: 56 V 53.1E (07:01 am) Mitch
King:NG 09 cycling well
(07:02 am) Mitch King:if anyone trading CL
09, when you see this kind of flat trading
action, that is a no trading zone, dont trade
until it gets out of that flat move
(07:02 am) Mitch :watching TEAR
(07:02 am) Mitch :watching USU
(07:03 am) Mitch King:$USDJPY, US Dollar vs.
Japanese Yen spiking
(07:03 am) Mitch King:6J 09, Yen moving down
(07:04 am) Mitch King:one of the keys to
success in futures trading is not to trade
under conditions like last 15 minutes and be
trading when cycles have excellent range such
as from 530am pacific time to 610am. thats
when you want to be in the market
(07:05 am) Mitch :watching Z
(07:05 am) Mitch King:if and when you are
able to be disciplined to do that, then your
profits go up and losses are reduced
(07:07 am) Ed’s assistant :Monitoring BBRY 10
level
(07:16 am) Qwert :monitoring NFLX
(07:18 am) Ed :CBOE just monitoring
(07:19 am) Ed :thats on CBOE
(07:19 am) Ed :would like more selling
(07:24 am) Mitch King:anyone get that long
bounce in SR
(07:27 am) Mitch King:watching GILD
(07:31 am) Mitch :watching SFLY
(07:33 am) Mitch :watching IOC
(07:34 am) Mitch :monitoring OUTR
(07:53 am) Murano :watching DNDN
(08:01 am) Mitch :watching LEA
(08:02 am) Mitch King:SPEX getting
interesting, looking for top to short
(08:03 am) Mitch King:monitoring BIOD
(08:03 am) Mitch King:SPEX has big spread,
use limit orders, sell at ask price
(08:04 am) Mitch King:monitoring BIDU
(08:04 am) Mitch King:looking for small
bounce in SINA
(08:05 am) Mitch King:i mean try again on a
bounce
(08:05 am) Mitch King:later
(08:05 am) Mitch King:fast traders can cover
most of SPEX and try again
(08:06 am) Mitch King:should be a bounce in
SPEX soon, buy at the bid
(08:06 am) Mitch King:good one herman
(08:06 am) Mitch King:now if SPEX drops to
18.50 area or close, would be a long scalp
area
(08:07 am) Mitch King:or split the bid and
ask
(08:16 am) Mitch King:good area for 2nd
helping short on SPEX
(08:18 am) Mitch King:got a sell signal on 1
min SPEX
(08:19 am) Ed :to setup potential long
(08:19 am) Ed :POR just monitoring for
excelerated selling vol
(08:22 am) Mitch :watching ROC
(08:31 am) Ed :US) Fed’s Fisher (hawk, FOMC
alternate): In favor of tapering in the fall
months, investors cannot rely upon a “Fed
Put” (08:35 am) Mitch King:SPEX is becoming
the replacement for SR last week
(08:41 am) Ed :dont allow SPEX to make you
lose discipline.
(08:41 am) Ed’s assistant :Monitoring ENOC
(08:42 am) Ed :there will be others
(08:42 am) Ed :if it takes taking chart down
completey then best to do that
(08:45 am) Ed :and beyond
(08:45 am) Ed :Best way to approach, conserve
capital to be able to trade another day
(08:47 am) Ed :Taper needs to be orderly,
must gingerly unwind the balance sheet. –
Fed owns a significant slice of critical
markets at the moment, is at a delicate
moment. – Excess liquidty could provide
plenty of kindling for inflation, may also be
inspiring the misallocation of capital. –
Markets may be too used to having Fed
stimulus. [08:48 am) Ed :Fisher also says,
savers have been punished since crisis
started
(09:08 am) Ed :US) Fed’s Fisher: Want to see
high quality jobs created, Fed would not be
happy if unemployment was lower only due to
subpar jobs – Q&A – Fed can only provide
the fuel for job growth (09:11 am) Ed
:Fisher brings up great point, when reading
this weekend saw that we have spreading of
low wage growth. basically nation of
hamburger flippers, walmart, lower tier jobs
(09:17 am) Ed :Fisher also states in his
current talk, “the Mexican govt. is run
better that the US govt”
(09:58 am) Murano :watching ARNA
(10:00 am) Ed :I will be looking for long if
get retest with vol and lod hold
(10:00 am) Ed :see if get retest near lod on
RP
(10:00 am) Ed :RP quick spike
(10:04 am) Ed :6502.JP To build memory chip
production facility along with Sandisk – –
(10:09 am) Ed :(US) Fed’s Fisher: Should
start reducing bond buying unless see
disturbing data – comments to reporters-
(10:11 am) Ed :RPRX monitoring
(10:12 am) Ed :was looking for more slelling
on RPRX
(10:13 am) Ed :i missed the short
(10:13 am) Ed :also monitorig SNDK
(10:13 am) Ed :markets steadily drifting
lower
(10:15 am) Mitch King:getting a trend
reversal to the upside in GC 09, Gold
futures
(10:15 am) Ed :on SNDK would like a test of
55 area see how price reacts for setup of
potential long
(10:16 am) Ed :If no selloff down to the 55
area look for retest of lod 56.83. and look
for it to hold before taking long
(11:04 am) Ed :WPRT getting small bid
(11:14 am) Ed :just mentioning
(11:14 am) Ed :NFLX trading at 250 level
(11:20 am) Ed :SR Hearing strength being
attributed to a positive mention in a
financial blog – Suggests the company is now
worth $30/shr after merger with WorkflowOne
(12:30 pm) Ed :Market Internals update at
15:30ET – NYSE volume 355M shares, about 25%
below its three-month average; decliners lead
advancers by 1.7:1. – NASDAQ volume 1.17B
shares, about 14% below its three-month
average; advancers lead decliners by 1.1:1.
(12:58 pm) Ed :have a great evening traders
(01:07 pm) Mitch King:later guys
| (05:51 am) Qwert :Good morning Mitch, and to
everyone
(06:16 am) herman :gm everyone
(06:28 am) Ed :good morning
(06:30 am) regatta :watching HTA
(06:43 am) Ed :test
(06:46 am) skydiver :TSLA – coming down
nicely
(06:48 am) skydiver :thnx Ed for ifo on
TSLA
(06:51 am) Ed :no problem
(07:03 am) Qwert :thx mitch
(07:23 am) Murano :covered 3/4 CLF
(07:25 am) skydiver :monitoring LNKD
(07:26 am) Murano :stop on last 1/4 CLF
21.60
(07:28 am) running :sr… bout 1/2
(07:28 am) Qwert :TSN at lod
(07:31 am) felix3 :pls leave cldx on
(07:36 am) Murano :covered last 1/4 CLF
(07:42 am) Murano :today may be FLR breakout
day???
(07:42 am) Ed :today feels like summer
trading day
(07:42 am) Murano :it has been stopped at 67
four times this year
(07:43 am) Ed :thx murano
(07:44 am) Ed :hum
(07:44 am) Ed :sorry wrong screen
(07:48 am) Qwert :AAPL testing hod
(07:48 am) herman :spex
(08:03 am) Ed :nice one herman
(08:04 am) skydiver :See you a later . .
have a great day 🙂
(08:05 am) Ed :c ya sky
(08:05 am) skydiver ::)
(08:05 am) Qwert :bye sky
(08:09 am) Murano :covered all DNDN
(08:11 am) Qwert :nice on DNDN Murano thx
(08:17 am) Murano :BIDU down $5 from high of
day
(09:11 am) Qwert :I read that this weekend to
Ed
(09:13 am) Ed :i know I was looking over your
shoulder
(09:13 am) Qwert :hahaaha
(09:17 am) Murano :looking for 135 area on
BIDU will take some off at 134.50
(09:19 am) Murano :stop on BIDU at 133.40
(09:20 am) Murano :stopped BIDU
(10:48 am) Qwert :test
(10:53 am) Ed :i c ya qwert
(11:12 am) Qwert :we need joey its so quiet
in here 🙂
(11:12 am) Murano :covered ARNA short not
working
(12:00 pm) herman :good bye all
(12:02 pm) Murano :see you herman
(12:04 pm) Qwert :have a good evening Herman
(12:18 pm) Ed :c ya herman
(12:48 pm) skydiver :TSLA – being nice today
. . . held it most of the day till now . . .
got nervous I guess and sold it – – not like
me to hold sooooo long 🙂
(12:48 pm) pirate :test
(12:48 pm) Ed :nice going
(12:48 pm) skydiver ::)
(12:48 pm) Qwert :way to go sky
(12:49 pm) skydiver :sweaty palms qwert, but
learning 🙂
(12:49 pm) Qwert :aahahha happens to me as
well
(12:49 pm) skydiver ::)
(12:49 pm) skydiver :now watch TSLA jump up
like crazy! 🙂 but happy with nice profit
(12:50 pm) Qwert :when did u get in?
(12:51 pm) skydiver :7:18am pacific time
(12:52 pm) Qwert :awesome nice profits
(12:52 pm) skydiver :yes . . I wanted to buy
earlier,but missed it, so watched closely and
when it dipped down like it did, felt it
would bounce upwards
(12:53 pm) Qwert :very nice
(12:54 pm) skydiver ::)
(12:54 pm) skydiver :okay, had to share that
win . . had a tough morning, only in the
green by $120.13, so TSLA gave me a nice day
🙂 See you all tomorrow morning 🙂
(12:55 pm) Qwert :green is always good have
a great night
(12:55 pm) skydiver ::)
(12:58 pm) Murano :done for the day, see you
tomorrow
(01:04 pm) Qwert :bye everyone cya all in the
am
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