[06:19 am] Kris : Kris : Good Morning
Traders
[06:19 am] Kris : Kris : Thanks. Good to be
back.
[06:20 am] Kris : Kris : AFL, ARO, MET, SAPE,
UPL, VECO, CISG, PLCM, ING, LOGI and MRVL as
possible short setups.
[06:20 am] Kris : Kris : Today I’m watching
GG, MAKO, NGD, SO, VRUS, ATPG and ARMH on the
long side.
[06:22 am] Brent : Brent : good morning
[06:28 am] Brent : Brent : TIN spiking up
premarket
[06:28 am] Kris : Kris : 2 minutes, Time to
Rock!
[06:28 am] Kris : Kris : let’s make some
money!!!!
[06:29 am] Brent : Brent : TIN looks like a
buyout
[06:29 am] Mitch K: Mitch King: International
Paper acquires Temple-Inland for $32 per
share in cash, or $4.4B
[06:30 am] Kris : Kris : SWKS short half
[06:31 am] Kris : Kris : SLB short half
[06:32 am] Kris : Kris : GILD long half
[06:34 am] Kris : Kris : ag stocks moving
[06:35 am] Kris : Kris : BRCM long half
[06:35 am] Kris : Kris : GOLD long half
[06:37 am] Kris : Kris : out half GOLD
long
[06:37 am] Kris : Kris : short second half
SWKS
[06:38 am] Kris : Kris : ESRX long half
[06:39 am] Kris : Kris : CVH long half
[06:39 am] Kris : Kris : out half GILD
long
[06:40 am] Kris : Kris : out another 1/4 GOLD
long
[06:41 am] Kris : Kris : get ready to take
TZA long
[06:42 am] Mitch K: Mitch King: monitoring
GME for short
[06:43 am] Kris : Kris : OPTR long half
[06:43 am] Kris : Kris : TZA long
[06:44 am] Kris : Kris : out half CVH long
[06:45 am] Kris : Kris : focus
[06:45 am] Kris : Kris : not now doji[06:45
am] Kris : Kris : out half ESRX long
[06:46 am] Kris : Kris : CERN long half
[06:47 am] Kris : Kris : GOLD making new
hod[06:47 am] Kris : Kris : stop TZA at 49.94
looking to add here soon.
[06:48 am] Kris : Kris : out all GOLD long
[06:52 am] Kris : Kris : A short half
[06:52 am] Kris : Kris : ARMH long half
[06:53 am] Kris : Kris : CVH consolidating,
looking for a new hod[06:53 am] Kris : Kris :
same with ESRX, looking for a move up from
here.
[06:56 am] Kris : Kris : out half ARMH
[06:57 am] Kris : Kris : out half OPTR
long
[06:58 am] Kris : Kris : VRUS long half
[07:00 am] Kris : Kris : out another 1/4 ESRX
long
[07:00 am] Kris : Kris : out half CERN
long
[07:01 am] Kris : Kris : let it go
[07:01 am] Kris : Kris : move on
[07:02 am] Mitch K: Mitch King: ISM non mfg
index 53.3 vs 52.7
[07:03 am] Kris : Kris : have I not been
posting longs all morning doji?
[07:04 am] Brent : Brent : watching BVN for a
bounce
[07:05 am] Kris : Kris : DNDN long half
[07:05 am] Kris : Kris : I’m still seeing
green tape
[07:05 am] Kris : Kris : MOS long half
[07:05 am] Kris : Kris : stick with the
trend
[07:05 am] Kris : Kris : until we get a break
of trendline in the spy
[07:06 am] Kris : Kris : I will look again at
TZA but I’ll be more patient on my entry if I
trade it.
[07:07 am] Kris : Kris : AEM long half
[07:09 am] Kris : Kris : EGO long half
[07:10 am] Kris : Kris : not now gecko
[07:14 am] Brent : Brent : consider reducing
BVN
[07:15 am] Kris : Kris : FOSL short half
[07:16 am] Kris : Kris : AEM holding up,
looking for a new hod once the market finds
support
[07:16 am] Kris : Kris : getting more green
coming across the board, watch that trendline
resistance.
[07:17 am] Kris : Kris : HPQ short half
[07:18 am] Kris : Kris : SPY coming into
support
[07:22 am] Kris : Kris : ok, anyone still
long TZA, start looking to get tight and/or
reduce here.
[07:24 am] Kris : Kris : let’s see what kind
of bounce we get here in the SPY
[07:25 am] Kris : Kris : EGO making new
hod[07:39 am] Kris : Kris : watching TNA for
a bottom soon for a possible long
[07:41 am] Kris : Kris : watching SDRL for a
long
[07:42 am] Kris : Kris : will watch FSLR for
a small bounce and then a new lod to short
into
[07:43 am] Kris : Kris : TNA long half
[07:46 am] Kris : Kris : watching VMED for a
long
[07:52 am] Kris : Kris : looking for 37.83 in
TNA long
[07:53 am] Kris : Kris : SDRL long
[07:53 am] Kris : Kris : stop SDRL under
29.36
[07:53 am] Kris : Kris : VMED long
[07:54 am] Kris : Kris : out half TNA long
[07:54 am] Kris : Kris : stop VMED under
23.22
[07:56 am] Kris : Kris : no derns[07:57 am]
Kris : Kris : getting a little more green
coming across
[07:59 am] Kris : Kris : looking for 23.59
first target VMED long
[07:59 am] Kris : Kris : nice entry
swingtrader[08:00 am] Kris : Kris : SDRL
needs to get going soon or I’m cutting
loose
[08:02 am] Kris : Kris : out another 1/4 TNA
long
[08:04 am] Kris : Kris : stopped SDRL long
[08:15 am] Kris : Kris : SPY moving up here,
seeing more green.
[08:20 am] Kris : Kris : out all TNA long
[08:26 am] Kris : Kris : watching SLW for a
long
[08:30 am] Kris : Kris : SLW long half
[08:30 am] Kris : Kris : TZA coming up on a
double bottom
[08:31 am] Brent : Brent : take care
anthonyb[08:31 am] Kris : Kris : have a good
one anthonyb[08:32 am] Kris : Kris : SPY
getting close to hod resistance
[08:35 am] Mitch K: Mitch King: looking for
bounce in SSRI for a quick long scalp, then
monitoring it for a 2nd short, 1st one
missed
[09:05 am] Mitch K: Mitch King: consider
covering SSRI short
[09:16 am] Kris : Kris : HPQ long small
position
[10:08 am] Brent : Brent : GG approaching
lod[10:09 am] Mitch K: Mitch King: quickie
long on FSLR here
[10:10 am] Mitch K: Mitch King: might get
87.50 on FSLR
[10:25 am] Kris : Kris : be back in 30
[10:25 am] Kris : Kris : break time
[10:25 am] Mitch K: Mitch King: new hod on
SPY soon
[10:26 am] Brent : Brent : VRSN
[10:28 am] Mitch K: Mitch King: watching VRSN
move on buyout rumor
[11:11 am] Brent : Brent : this doesn’t look
like the normal buyout rumor Lightning, looks
stronger than normal
[11:12 am] Brent : Brent : I don’t know
derns[11:26 am] Brent : Brent : VRTSN is
coming into some resistance right here
[11:27 am] Brent : Brent : I meant coming
into support…sorry
[11:27 am] Brent : Brent : next target would
be 31.50 area on VRSN
[11:28 am] Brent : Brent : didn’t notice the
typo
[11:28 am] Brent : Brent : lol[11:40 am]
Mitch K: Mitch King: tradable long bounce in
VRSN here, quickie
[11:43 am] Mitch K: Mitch King: looking for a
long entry here in indexes like UPRO, TNA,
[12:24 pm] Mitch K: Mitch King: how many of
you are long UPRO or TNA?
[12:26 pm] Mitch K: Mitch King: getting early
sell signal on TNA for scalp
[12:40 pm] Mitch K: Mitch King: UPRO or TNA
is a pretty decent swing trade entry or the
long scalp should be sold soon
[12:41 pm] Mitch K: Mitch King: as a a swing
trade for UPRO or TNA, going to be rocky but
should be a good overnighter. I am
personally thinking that day trading is going
to be safer than holding anything overnight.
This is an unusual time as far as news and in
history right now
[12:43 pm] Mitch K: Mitch King: You got some
very smart people calling for the end of the
Euro, you see arguing within the EUropean
Union on how to keep the EUro together,
disagreement whether there should be a EUro
bond, estimates for Italy’s needs way too
low….. many potential land minds for the
market.
[12:44 pm] Mitch K: Mitch King: I’m just
saying I’m not feeling comfortable holding
overnight, I will sleep better day trading
during at the moment
[12:45 pm] Mitch K: Mitch King: I think we
are way too late with swing short ideas
unless you are anticipating or forecasting
but the odds are not good enough for me to
take any position overnight.
[12:47 pm] Mitch K: Mitch King: You guys see
the statements yesterday from the Swiss
National Bank? i think France or Britain’s
market was down -3.8% at one point and then
they said they will defend the 1.20 level on
the franc and Europe turns from deep red into
green?
[12:50 pm] Mitch K: Mitch King: you know,
being defensive at times can be very
powerful, you are conserving the good score
you have built up. Like in golf, you don’t
see the greatest golfers always attack the
flag, their scores will be too erratic. When
Greg Norman learned from Jack Nicklaus how to
take less risk at times, Norman really put a
lot of wins under his belt after that.
[12:53 pm] Mitch K: Mitch King: just remember
you don’t always have to be in a trade. and
the new guys should learn that you don’t
think with your balls, you think with your
mind, lol[12:55 pm] Mitch K: Mitch King: yes
they do but there is a balance between being
aggressive and calculating. Too much fear,
people can’t pull the trigger. Too much
aggressiveness usually results in an erratic
account balance
[01:00 pm] Kris : Kris : Everyone have a
great night.
[01:00 pm] Kris : Kris : see you all back
here tomorrow morning.
[01:02 pm] Brent : Brent : have a good night,
see you all tomorrow
|
[06:12 am] joeytsa : ISM non-manufacturing
PMI at 7am pst[06:15 am] joeytsa : gap ups :
VRUS,SQQQ,GOLD
[06:16 am] joeytsa : gapd downs :
SINA,UTX,LULU,LOGI,TQQQ,ASMLAAPL
[06:18 am] truck : BP down about 4% pre
open
[06:19 am] joeytsa : hey kris, nice to see
you again
[06:19 am] apple : hey K – welcome bck – we
missed you!
[06:24 am] joeytsa : i believe that
tomorrow, the german courts make a ruling on
if the fiscal policy is legal? might make
things jittery
[06:27 am] ronfrac : Morning all. Is LQDT a
bull short. Had great earnings and analyst
upgrades. TGTS are in 38 range
[06:30 am] truck : cover half my short
BP,plus 1.40
[06:37 am] winattrading : silver moving
[06:37 am] lorie : SODA
[06:37 am] joeytsa : VRUS short covered +2
🙂
[06:39 am] derns : TNA
[06:40 am] lorie : MPEL
[06:40 am] joeytsa : AEMmoving[06:45 am]
doji : Anyone took TZA?
[06:46 am] reacher : K, where’s your stop on
TZA?
[06:46 am] mikewd2 -: no, took TNA 36.6
[06:47 am] mikewd2 -: didn’t see a buy on
TZA, so still holding TNA
[06:50 am] mikewd2 -: out TNA 38.16
[06:50 am] mikewd2 -: my chart didn’t show a
buy
[06:50 am] Kris : we heard you mike
[06:50 am] Kris : thanks
[06:55 am] candelas : REGN watch list strong
stock
[06:57 am] observer : Thx, Kris,, CVX 18
pts.
[06:58 am] leo : TNA stopped out
[07:00 am] mhaus : TZA stopped out
[07:01 am] leo : Yeah I posted TZA as TNA
[07:01 am] gecko : volume spike spy 10
[07:01 am] doji : TZA stopped agggh[07:01
am] doji : Market in an uptrend
[07:02 am] joeytsa : thanks Mitch for those
#’s
[07:02 am] doji : Should we aim for Longs
Mitch?
[07:02 am] rusty : August ISM 53.3 v 51
estimate
[07:03 am] mhaus : doji, do you mean longs
for swing trade?
[07:03 am] junior : out all CTSH long plus
.60
[07:03 am] doji : I mean from now on
Kris….
[07:04 am] mikewd2 -: Kris has posted several
longs this morning
[07:04 am] doji : No, for scalping as the
market has been in an uptrend from the
open
[07:05 am] doji : That is right Kris
[07:14 am] joeytsa : FFIV moving down
[07:15 am] swingtrader : BAC dropping like
is no tomorrow
[07:16 am] lightning : S GME 22.12
[07:17 am] truck : good trade Scalpman[07:17
am] scalpman : All out TZA L …
[07:17 am] joeytsa : FSLR down
[07:18 am] swingtrader : scalpman nice trade
‘
[07:19 am] joeytsa : out FOSL s + $1.50
!!!
[07:20 am] scalpman : Thanks guys, good one
joey
[07:20 am] garyb : Joey……you are winning
with your horse….now in the market…you
are on fire buddy!
[07:20 am] doji : Nice trade Scalpman…
[07:21 am] joeytsa : thanks, been a pretty
good summer…
[07:21 am] joeytsa : not to stay
disciplined, not make dumb moves etc[07:21
am] doji : No luck so far… all red
[07:22 am] scalpman : Got stopped on the
first TZA…but back to EVEN…slow and
steady
[07:22 am] mikewd2 -: thought you weren’t
trading today doji[07:22 am] mikewd2 -: Hey
guys by the way, I am in Argentina in a
Business Trip so I’ll just watch the action
in the room
[07:23 am] shark : Buenos dias Mikewd2!
[07:23 am] mikewd2 -: that was a copy from
doji[07:25 am] rusty : still in large
trading range until proven otherwise
[07:25 am] rusty :
http://my.jetscreenshot.com/demo/20110906-j5i
y-129kb.jpg
[07:28 am] mikewd2 -: went thru the Wizard
course this weekend, feel so much more
knowledgeable with my trades today.
[07:28 am] doji : Weak rebound in SPY…
[07:30 am] mikewd2 -: worst 3-day start to
September on record.
[07:32 am] doji : My presentation was
delayed for another 3 hours so I have a
window for trading
[07:32 am] doji : Hey Mike… you are right,
I should have been just watching and not
trading this morning…
[07:33 am] junior : JAZZ
[07:35 am] mikewd2 -: any news on JAZZ?
[07:38 am] vans : Just got on, played tza
jump. now wondering what the news is. Is
gold the play of the day or market
bounce””
[07:42 am] rusty : covered JAZZ swing
[07:42 am] lightning : covering GME short
here at .04
[07:53 am] swingtrader : VMED long
[07:54 am] swingtrader : in at 23.32
[07:56 am] derns : Kris…are you still in
CVH?
[07:57 am] derns : Ok…I saw you got out
half, but I wasn’t certain…thx..I’m just
studying
[07:59 am] swingtrader : nice call Kris
[08:02 am] swingtrader : nice call on TNA
[08:02 am] swingtrader : I shorted AGO not
doing much
[08:03 am] vans : I am using a three stage
exit auto plan on tna based on pull backs.
hoping to control emotions and let run. but
boy i want to sell now.
[08:03 am] swingtrader : out on VMED
[08:03 am] swingtrader : 19 c not bad
[08:03 am] scalpman : All out TNA L
[08:04 am] scalpman : Small profit on VMED
L
[08:05 am] swingtrader : scalpman nice trade
that was a good one had the chart looked
perfect to me
[08:09 am] vans : cmg and cat good long
positioning if move up
[08:10 am] shark : 🙂 thx vans
[08:12 am] reacher : Time to head out.
Still confused why TZA tanked early on while
mkt was also tanking. Any ideas? I’ll wait
a few before signing out.
[08:13 am] Kris : what are you defining as
the mkt reacher?
[08:14 am] rusty : so TZA down makes
sense
[08:14 am] rusty : reacher, IWM open at low
and went up from there
[08:14 am] reacher : sp500, K
[08:14 am] Kris : TZA is based on the
russell[08:15 am] vans : cmg and cat longs
working
[08:15 am] shark : thx for CMG vans…
[08:15 am] reacher : Whoops. I’ll try not
to make that mistake again. Thx Kris. Later
all.
[08:15 am] doji : Any news?
[08:15 am] doji : And now what happens in
the market?
[08:16 am] vans : charts show overbought on
cmg and cat. be careful
[08:16 am] Kris : it doesn’t move tick by
tick with the spy but it’s usually very close
on the move.
[08:17 am] mikewd2 -: out TNA 38.49
[08:18 am] vans : cmg and cat kicking
[08:19 am] vans : nice profits
[08:19 am] mikewd2 -: out SODA 36.99
[08:21 am] vans : hope you made that quick
2$ on CMG shark
[08:21 am] swingtrader : uh boy i was
looking at it as a short ups worked out well
lol[08:21 am] swingtrader : mike good short
on that
[08:21 am] rusty : GLD lod[08:21 am] mikewd2
-: long
[08:21 am] mikewd2 -: from 36.34
[08:21 am] joeytsa : nice job mike
[08:22 am] mikewd2 -: JVA?
[08:23 am] joeytsa : OPEN hod[08:25 am] vans
: gld may have nice bounce play soon
[08:25 am] joeytsa : just looking at OPEN 1
minute chart….gapped down on the open,hit
resistance at Fridays close, finally broke
through and then friday close acted as
support…beautiful, just wished i saw it 30
minutes ago
[08:26 am] joeytsa : AEM tanking
[08:27 am] rusty : or brass
[08:27 am] rusty : everything gold turning
to copper
[08:28 am] vans : wish I say OPEN sooner
[08:28 am] joeytsa : me too vans…
[08:28 am] joeytsa : JOYG trying for
hod[08:31 am] rusty : TLT lod[08:31 am]
rusty : nice reversal
[08:31 am] anthonyb : see everyone tomorrow
, have a great day all
[08:32 am] joeytsa : i chased OPEN, took it
for 25cents, but the real buy point was
mid/upper 57’s
[08:33 am] vans : I lose a lot by not
chasing, but I save more by not chasing I
think. Congrats joeytsa[08:33 am] lightning
: watching PWER for short opportunity
[08:34 am] vans : Looks like spy wants to go
to new high.
[08:34 am] mikewd2 -: silver down over $1,
fall baby fall
[08:34 am] joeytsa : yeah..ii try not to
chase, kept my stop really tight…
[08:34 am] joeytsa : had some leeway because
of 2 earlier good trades
[08:34 am] rusty : HRBN
http://alfredlittle.com/2011/09/06/chinese-go
vernment-officials-confirm-hrbn-and-deer-comm
itted-multi-million-dollar-land-fraud-time-fo
r-u-s-regulators-to-act/
[08:35 am] joeytsa : i chickened out
obviously..OPEN is still running
[08:36 am] vans : open has to close soon
[08:37 am] pow : NDN?
[08:40 am] swingtrader : Mitch I am watching
SSRI pooled back little would be a good long
entry
[08:43 am] vans : thought open would drop
harder
[08:45 am] swingtrader : TNA was a grated
trade at 37.13
[08:45 am] swingtrader : nice trade scalpman
I traded it to
[08:45 am] scalpman : All out SLW
[08:45 am] scalpman : Out 1/2 SLW L
[08:46 am] vans : if you like chasing Open
may be a candidate. just stopped out of my
short
[08:46 am] swingtrader : those charts
looking grate ..
[08:46 am] scalpman : I was trying fro .86
but it seems weak.
[08:46 am] joeytsa : good job
scalpman/swingtrader[08:47 am] swingtrader :
Kris are you till in HPQ short
[08:47 am] joeytsa : vans : OPEN dropped
right to the 15day and popped back up a bit,
but i agree with you, thought t might drop
more
[08:47 am] joeytsa : stochastic had turned
back up at the same time too
[08:48 am] vans : thought it would hit the
58.80 resistance area at least
[08:49 am] vans : SSri a watch
[08:49 am] swingtrader : My charts DECl 2576
vs Adv 348 looks ogly out there ..
[08:49 am] joeytsa : thanks…hitting its
head on yesterdays close
[08:50 am] swingtrader : ugly yeap[08:50 am]
joeytsa : thats ugly swing
[08:52 am] vans : open finally moving
[08:52 am] swingtrader : I am having
difficulties entering SSRI
[08:54 am] vans : OK joeytsa, when do we
cover OPEN
[08:54 am] vans : MK< if you are
looking to reshort SSRI, then you think
markets will rebound today and gold will
sink?
[08:54 am] vans : 58.40
[08:55 am] joeytsa : no prob…i only charge
10% commission 🙂
[08:55 am] candelas : thx for open Joey
[08:56 am] joeytsa : vans : i am actually
out of vans
[08:56 am] joeytsa : out of OPEN
[08:56 am] joeytsa : might look for a 2nd
short though
[08:56 am] candelas : lol[08:57 am] vans :
I went back in at top, thought I set my stop
to tight.
[08:57 am] skydiver : Thanks guys. Had a
decent day – traveling thru Salmon Idaho and
packing up to head north. Take care
[08:59 am] vans : Funny, after reading news
on foreign markets I wanted to wake up this
morning and go long with everything on Gold,
Good day to sleep in.
[09:00 am] vans : 8 wins, 2 loses today,
still overtrading.
[09:02 am] scalpman : SSRI S @ 29.98
[09:02 am] junior : cool Joey, bet it was
fun to watch
[09:05 am] vans : SPY bounced twice off
earlier high, If doesn’t break soon, cold be
good short signal
[09:06 am] vans : See, SPY just needed a
little encouragement
[09:06 am] vans : Long at 42cent line,
LOL
[09:06 am] shark : run CMG run
[09:06 am] Mitch K: that’s pretty late entry
on that short into SSRI scalpman, looks like
a market order on that first down candle
[09:06 am] scalpman : Out 1/2 SSRI S
[09:07 am] vans : Shark, Wish I stayed in
CMG with you. You the man.
[09:07 am] shark : never have enough shares
of the good stuff
[09:08 am] shark : I give you the credit for
pointing it out vans
[09:13 am] scalpman : All out
SSRI….trading room froze on me…
[09:15 am] scalpman : Thanks…working on
that trade percentage….
[09:15 am] scalpman : See you all
tomorrow…Thanks…Mitch, Kris, and Brent
[09:15 am] joeytsa : nice job scalpman[09:15
am] scalpman : Time to go…green
day…8/9…with few evens
[09:16 am] vans : honestly can’t figure why
cmg is so strong a stock
[09:16 am] storage : thanks Mitch, for
ssri,i am really learning.
[09:17 am] shark : strong growth story, not
easy biz to copy
[09:17 am] shark : easy biz to understand
[09:18 am] shark : they are testing a new
asian theme
[09:19 am] doji : Bye guys, have to go… it
was a day not to remember…
[09:20 am] shark :
http://www.slashfood.com/2011/04/13/details-e
merge-about-shophouse-chipotles-new-chain/
[09:21 am] vans : cmg and CF should be on
everones play list
[09:22 am] joeytsa : CF is another
monster..continuously on the 52wk high
ist[09:23 am] vans : so strange to see FSLR
behaving like the rest of the stocks
[09:23 am] shark : HANS too
[09:24 am] vans : It is so hard for me not
to sell at first sign of a turn.
[09:25 am] joeytsa : i agree
vans…sometimes i take the first sign as a
warning, but wait until the 2nd sign to
exit
[09:26 am] shark : have to confirm with
other indicators -ie SPY or other stocks in
same sector
[09:26 am] joeytsa : very easy to get
whipsawed in this environment
[09:27 am] joeytsa : good point shark
[09:28 am] vans : I find that STO is seldom
wrong, but the MACD in agreement is a sure
sign.
[09:28 am] shark : agreed joeytsa!
[09:28 am] joeytsa : swing trading, i always
look for strongest sector, then strongest
stocks in that sector..especially those
hitting new highs
[09:29 am] vans : How do you find the
strongest sector Joey
[09:29 am] shark : Etrade Pro shows the
sectors making biggest move in real time
[09:29 am] joeytsa : sometimes you can see
the same type of stocks moving..
[09:29 am] joeytsa : it makes sense
though…why buy crappy stocks or try to
catch a falling stock
[09:29 am] joeytsa : i use a few things
vans…
[09:30 am] joeytsa : sometimes i use the US
Industry Bell Curve
[09:31 am] joeytsa : i like p&f
charts to get rid of market noise also
[09:32 am] mikewd2 -: Mitch, i studied the
Wizard Course this weekend. Do you still use,
OBV, Williamsns %R, Stochastic as your
primary indicators?
[09:32 am] mikewd2 -: I know the course is a
few years old.
[09:32 am] joeytsa : when you notice that
Mitch lists for example..AGU,MOS, POT…then
i assume that ag stocks might look strong
[09:32 am] joeytsa : not to mention..the TSA
list that Mitch puts out…
[09:33 am] joeytsa : and i get the 52 week
high list emailed to me every night, that
helps also
[09:35 am] vans : BTH Flew today
[09:35 am] shark : did you get some vans?
[09:35 am] joeytsa : vans : study the T2108
chart Mitch shows each night on the
video..great for overall market direction..i
use the NYSE BPI also
[09:36 am] rusty : http://www.finviz.com
good site for scanning including sectors
[09:36 am] mikewd2 -: looks like a runner
from the course
[09:36 am] mikewd2 -: BTH
[09:37 am] vans : No, just saw it. thought
maybe a potential short
[09:38 am] shark : BTH -they make candles.
Who’d have thought 24% in 1 day?
[09:38 am] joeytsa : IBD always has great
ideas too
[09:38 am] joeytsa : good site rusty
[09:45 am] vans : We should really play FSLR
more, move smooth with easy to read charts on
bounces. and a dollar move consistently
[09:46 am] joeytsa : vans : 2 sites that
offer some free writings…
[09:46 am] joeytsa : agreed
[09:47 am] lorie : EGO
[09:47 am] joeytsa : investmenthouse.com has
a decent weekly update
[09:47 am] joeytsa : and if you Google
tycoon report..they have a great daily
write-up…both went to your email
[09:48 am] junior : watching CHK
[09:48 am] joeytsa : tycoon site also has a
daily audio called “morning gps” listen to
it right b4 the open
[09:49 am] lorie : EGO
[09:50 am] joeytsa : each morning also check
out rtt news, briefing, and forexfactory for
daytrading ideas and reports
[09:51 am] vans : thanks Joey, need to write
all this down
[09:51 am] vans : don’t see potential in chk
or ego of much
[09:52 am] finn : thank-you
[09:54 am] eyes-inthenow : Mitch any
thoughts on Swinging TNA
[09:55 am] joeytsa : no prob vans…just
give you different or confirming looks at
things
[09:57 am] joeytsa : i usually set aside
time on the weekends to decide swing ideas,
unless something really jumps out at me or
when Mitch gives a great idea
[09:58 am] joeytsa : most of my daytrading
ideas don’t take much research…just a quick
scan of directions etc[10:00 am] mhaus :
watching VRA
[07:45 am] doji : Since 10:00AM market has
been in a downtrend
[10:02 am] joeytsa : LQDT nice drop, at
previous close, not sure if there is enough
there for a move either way
[10:03 am] joeytsa : RGLD lod[10:08 am] vans
: aem at support after a nice drop
[10:10 am] joeytsa : thanks Mitch
[10:11 am] derns : TNA is moving
[10:14 am] monster : bounce on GG?
[10:16 am] joeytsa : with earnings season
around the corner keep an eye on companies
that are pre-announcing better #’s…
[10:16 am] joeytsa : so far it looks like
DECk,CROX,GMCR,BIDU possibly
[10:17 am] shark : LULU reports this week
[10:17 am] shark : have you observed a
pattern on pre-announce joeytsa?
[10:18 am] joeytsa : yes and
no…unfortunately
[10:18 am] joeytsa : usually, a positive pre
gives a run up..timing varies due to overall
market conditions
[10:19 am] joeytsa : right now conditions
seem shaky at best
[10:22 am] joeytsa : seems like the more
uncertainty, the closer to earnings date the
move is made
[10:22 am] joeytsa : do you notice anything
shark?
[10:26 am] junior : VRSN
[10:26 am] candelas : can u make it 29.99
[10:29 am] mary : short vrsn[10:46 am]
mikewd2 -: or mine
[10:46 am] eyes-inthenow : MITCH DId you See
my question
[10:47 am] mikewd2 -: out
[10:47 am] mikewd2 -: dang, bought FSLR a bit
early and stopped otu[10:51 am] vans : What
will GLD do here.
[10:51 am] lightning : boo VRSN.
[10:53 am] rusty : GLD could be a double
top
[10:53 am] candelas : thx for VRSN Junior
[10:54 am] junior : no prob candelas, did
you go long or short on last drop?
[10:55 am] vans : was hoping for a nice pull
back for tna, cf, cmg[10:55 am] vans : Maybe
I can practice my typing skills while I wait,
LOL
[10:56 am] candelas : I played it long
[10:56 am] candelas : could not get share 4
short
[10:57 am] junior : well done, I shorted
last drop, out with small profit, still
watching
[10:57 am] candelas : new rules at prop
firm
[10:57 am] Brent : you couldn’t get shares
candelas? that’s a first
[10:58 am] junior : VRZN….hot puppy
[10:58 am] candelas : until i take test,
can’t use them
[10:58 am] candelas : rather new rules by
SEC
[10:58 am] Brent : right, gotcha
[10:58 am] Brent : oh, I see
[10:59 am] junior : “VRSN”
[11:01 am] sonorant : 1 win, 2 loses VRSN
[11:01 am] mhaus : MLM
[11:06 am] derns : Is VRSN finished running
up?
[11:07 am] mhaus : BTH
[11:07 am] derns : nope…still running !
[11:08 am] sonorant : How do you know when
it’s done running?
[11:11 am] lightning : Mitch/Brent, how
about walking us through handling a buyout
rumor, like VRSN?
[11:11 am] candelas : i still have small
piece long VRSN
[11:11 am] candelas : only 1/4
[11:12 am] sonorant : even 1/4 sounds
good
[11:12 am] candelas : oh well stopped last
1/4 of vrsn[11:12 am] lightning : OK, thanks
Brent.
[11:12 am] derns : Brent..do you think this
is the real deal?
[11:12 am] candelas : the truth is in the
tape
[11:13 am] Brent : oh well, lol nice
[11:14 am] candelas : meant goody
goody[11:25 am] sonorant : targets for
VRSN?
[11:26 am] vans : waiting for FSLR to hit
overhead Resistance and decide
[11:26 am] sonorant : 32.40
[11:26 am] mikewd2 -: fall VRSN fall
[11:26 am] Brent : what’s your entry sonorant
on VRSN?
[11:28 am] vans : I’m still looking for
VRTSN
[11:28 am] mhaus : VRA
[11:29 am] vans : HANS must still think it’s
summer time
[11:29 am] vans : gld moving up
[11:29 am] sonorant : Ok, and 31.50
because?
[11:30 am] vans : glc may challenge 183
[11:30 am] joeytsa : VMC been on a nice
move
[11:31 am] Brent : no specific reason on that
target sonorant. Just a little bit of
consolidation at that area earlier
[11:32 am] sonorant : Thanks, Brent, I was
going to say because of the Daily chart?
[11:33 am] mikewd2 -: covered 31.85
[11:35 am] rusty : VRSN cancels due to
travel complications
[11:36 am] sonorant : are you serious?
travel complications?
[11:36 am] rusty : yes
[11:36 am] rusty : just confirmed by Citi
[11:37 am] joeytsa : VMC with a nosedive
[11:38 am] sonorant : It is actually coming
down really quickly — almost an isoscles
triangle
[11:38 am] sonorant : isosceles
[11:39 am] junior : thanks Joey
[11:39 am] junior : short VMC from
36.27….covered last piece here
[11:39 am] joeytsa : great trade junior
[11:39 am] candelas : nice mover today
REGN
[11:41 am] vans : I thought with resistance
at 31.75 wouldn’t be worth risk.
[11:45 am] joeytsa : VRUS going for
hod[11:51 am] vans : TNA at support,
close
[11:51 am] monster : is VRSN still on watch
for bounce
[11:52 am] shark : looks like CMG ripe for
closing out here
[11:53 am] vans : Spy passed below 42 cent
line, may indicate lower
[11:58 am] mikewd2 -: TNA next support
38.5?
[11:59 am] vans : GLD did hit 183, should
pull back
[12:00 pm] swingtrader : nice drop on
DNDN
[12:00 pm] vans : Spy needs to drop to to
116.07
[12:01 pm] vans : Mike, R U long?
[12:01 pm] vans : Be Ready
[12:01 pm] mikewd2 -: not yet
[12:01 pm] mikewd2 -: come on TNA
[12:03 pm] stevemld : SPY sucking wind right
now
[12:03 pm] mikewd2 -: there we go
[12:04 pm] vans : Break 42 cent
[12:06 pm] mikewd2 -: in 38.31
[12:07 pm] vans : Oh Well, next line
maybe
[12:07 pm] vans : afraid to play tza after
that run up
[12:07 pm] lightning : frozen out for the
last few minutes. Now back
[12:08 pm] rusty : when vix is high it’s
time to buy
[12:09 pm] rusty : look where VIX opened
today
[12:10 pm] mikewd2 -: Mitch, you add some TNA
and/or UPRO?
[12:11 pm] vans : VIX looks a lot like
TZA
[12:11 pm] rusty : they all will look
alike
[12:11 pm] rusty : in a high vix
environment
[12:14 pm] vans : Support
[12:14 pm] vans : feel safer at next lower
resistance
[12:16 pm] vans : I need to learn to see
these bi moves before t hey happen, Maybe
get book ” physics for Dummies”
[12:16 pm] mikewd2 -: 37.80’ish?
[12:17 pm] sonorant : There is no such thing
as a dumb physicist…. (unless maybe when
they are trading)
[12:17 pm] mikewd2 -: that would be “psychic
for Dummies”
[12:17 pm] joeytsa : it’s called ” stop
being a dummy for dummies” 🙂
[12:17 pm] joeytsa : i’ll send you my
copy
[12:18 pm] sonorant : Are people still in
the VRSN short?
[12:19 pm] vans : Sorry, my psychic spell
checker read my thoughts wrong.
[12:19 pm] mikewd2 -: still looks weak
[12:19 pm] mikewd2 -: should have stayed
in
[12:20 pm] rusty : PAR PHARMACEUTICAL
ENGAGED IN DRUG-SWITCHING SCHEME,
[12:20 pm] mikewd2 -: work off a trailing
stop
[12:20 pm] mikewd2 -: covered off the 1m
chart, 3m still looks short
[12:20 pm] joeytsa : PRX alert
[12:20 pm] derns : Sonorant..I am still
short VRSN…can anyone offer targets?
[12:20 pm] sonorant : I’m still 3/4 in,
though about to exit 1/4
[12:21 pm] rusty : PRX
[12:21 pm] mikewd2 -: should be good for
margins rusty!
[12:22 pm] rusty : lol[12:23 pm] vans :
Glad my physics teacher just told me to go
long TNA
[12:23 pm] mikewd2 -: just watching PRX, not
sure how to play that one
[12:24 pm] vans : me long tna at
38.32
[12:24 pm] mikewd2 -: x3
[12:24 pm] mikewd2 -: TNA
[12:24 pm] lisas : tna[12:24 pm] garyb : I
am Mitch….TNA
[12:24 pm] derns : In TNA
[12:24 pm] candelas : long tna[12:25 pm]
mikewd2 -: only issue not sure I’m long swing
or day trade! sorry.
[12:25 pm] mikewd2 -: i bought 3x my normal
day entry so will sell some hold some
[12:25 pm] garyb : I’m thinking if a swing
maybe…bought it very low
[12:26 pm] joeytsa : be careful
mike…sounds a little “vegas-like”
[12:27 pm] swingtrader : UPRO and TNA
Mitch
[12:27 pm] swingtrader : I am looking for an
long entry for both
[12:27 pm] mikewd2 -: i know joey
[12:29 pm] joeytsa : mike: you might want to
set up a separate accounts, 1 for daytrades
and 1 for holds
[12:30 pm] rusty : nah, just get
disciplined
[12:30 pm] mikewd2 -: that’s an idea
[12:30 pm] mhaus : Kris, you didn’t reply to
my email regarding Kinetick[12:30 pm] joeytsa
: that way you don’t ever have to guess if
your position is one of the other
[12:31 pm] rusty : two accounts then gives
you other “excuses”
[12:31 pm] rusty : imo[12:31 pm] rusty :
don’t need two accounts
[12:31 pm] mikewd2 -: that’s probably a
better idea rusty
[12:31 pm] joeytsa : either way you need to
be disciplined
[12:32 pm] rusty : for not trading well
[12:32 pm] joeytsa : it can, but it can also
keep you focused
[12:32 pm] mikewd2 -: APA l 94.07
[12:33 pm] mikewd2 -: hey, at least i use
stops now on every trade – made some
progress!
[12:33 pm] joeytsa : when you are logged
onto your trading account, you take on that
mindset, when on your “investing” account,
you take on that investors mindset….
[12:33 pm] joeytsa : one of the 1st lessons
i learned was to never turn a trade into an
investment
[12:34 pm] vans : Good job on APA mike, I
didn’t see it.
[12:35 pm] mikewd2 -: been looking for a
entry for longer term trade
[12:36 pm] joeytsa : rusty…a lot of money
can be made by playing against traders
looking to breakeven
[12:38 pm] Mitch K: are you thinking a scalp
or swing trade swingtrader?
[12:40 pm] swingtrader : sorry about that
mitch .. yes swing thank you
[12:41 pm] joeytsa : agree with you Mitch
[12:42 pm] swingtrader : looks very
difficult..I know mitch any swing short
ideas
[12:42 pm] sonorant : I am out VRSN, but it
headed up there pretty quickly — is this
people covering their shorts?
[12:42 pm] mikewd2 -: thanks Mitch, that
makes up my mind then to day trade my
shares.
[12:42 pm] mikewd2 -: i agree with that
[12:42 pm] joeytsa : europe might be
interesting tomorrow
[12:43 pm] shark : Europe over due for a
bounce here?
[12:44 pm] vans : sounds like gold on
dips
[12:44 pm] swingtrader : Is that is the case
I have a feeling that Credit Suisse may drop
like Bank of america did when it was at 55
now is trading at 7 wow
[12:45 pm] vans : Im going to focus on cf,
cog, cmg, hans, gld daytrade. Anyone see
something good on them, give a shout
[12:45 pm] swingtrader : or OMG etc ..
[12:46 pm] swingtrader : I agree Mitch
[12:46 pm] shark : I agree
[12:46 pm] joeytsa : have a great day
guys…thanks for a good one, see you all
tomorrow
[12:47 pm] mikewd2 -: out TNA 39.3
[12:47 pm] Brent : take care Joey
[12:48 pm] sonorant : Mitch, what do you
mean by Europe turns from deep red into
green?
[12:48 pm] Mitch K: nice trade mikewd2
[12:48 pm] mikewd2 -: thanks Mitch for giving
us your thoughts on swing versus day
[12:48 pm] mikewd2 -: best trade of my
day!
[12:49 pm] swingtrader : that is a huge drop
in the eur from here ..
[12:49 pm] swingtrader : thank you Mitch I
like when you use the word focus and petion
..
[12:50 pm] vans : Mike, did you ride the dip
from 38.90 or get in after?
[12:50 pm] mikewd2 -: got in 38.31
[12:51 pm] sonorant : So very dicey to be
riding on one announcement by one bank then,
yes?
[12:51 pm] sonorant : Oh, makes sense,
thanks.
[12:51 pm] Mitch K: sonorant, in the middle
of the night our time, EUropean indexes were
deeply in the red, down a lot until that
Swiss Natl Bnak announcement
[12:52 pm] vans : So you ride a win to break
even and back up again. I am afraid to lose
my gains. get out quicker, trade more. Need
to learn your skills maybe.
[12:53 pm] vans : Thanks for good day
people. See U in morning.
[12:53 pm] swingtrader : I think they are
going through what we through in 2008 .. I
hope not but sure sounds like it ..[12:53 pm]
sonorant : MIke, did you hold all of your
shares through the TNA dip?
[12:54 pm] mikewd2 -: no, bought them all at
3:05
[12:54 pm] lisas : That’s why women traders
do so well, lol[12:55 pm] swingtrader : But
Mitch they call us Bulls and bears they both
have Bulls and hurns just kidding
[12:55 pm] sonorant : Yes, and did you hold
them all, or sell some off at the first
little peak?
[12:55 pm] mikewd2 -: but traded it twice
this morning in the 37 to 38 area
[12:55 pm] mikewd2 -: sorry, dumped them all
at 39.3
[12:56 pm] sonorant : Interesting,
thanks.
[12:56 pm] Mitch K: are you asking for
opinion if to hold your longs overnight
rusty
[12:56 pm] mikewd2 -: should have played 1/2,
1/4, 1/4
[12:57 pm] Mitch K: on these index ETFs? I’d
probably sell next 3 min,
[12:58 pm] vans : U.S. urges Niger to detain
Libyan officials in convoy
[12:58 pm] vans : •Obama drops, Perry
surges in new poll
[12:58 pm] rusty :
http://www.youtube.com/watch?v=WkS169P_Eeo
music for the close
[12:58 pm] mikewd2 -: i see 100+ in its
horizon
[12:58 pm] mikewd2 -: APA up nice from
bottom, but plan on holding for a few days
[12:59 pm] vans : •Wildfires sweep across
Texas, charring 1,000 homes
[12:59 pm] vans : •Wall Street plummets on
recession fears, EU debt
[12:59 pm] truck : one of those fires,,,,20
miles from my home..
[12:59 pm] sonorant : mike — 100+
because?
[12:59 pm] mikewd2 -: 8/9 today FSLR only
loser
[01:00 pm] vans : FSLR was just called a
little to early, went up nice.
[01:00 pm] mikewd2 -: just history with the
stock
[01:00 pm] lisas : Thanks all, great start
for the week. Hope all the Texas traders are
safe.
[01:01 pm] truck : thanks Kris !
[01:01 pm] swingtrader : good night Mitch
Brent Kris
[01:01 pm] sonorant : Well, trading is sort
of like dancing…
[01:01 pm] sonorant : Good night all,
thanks
[01:01 pm] observer : CU Kris, MK, Brent,
Traders
[01:01 pm] mbear : Good night all…can’t
wait for the seminar in a few weeks
[01:01 pm] leo : Thank you Mitch, Kris,
Brent and all
[01:03 pm] vans : Mikewd2, would like to
chat with you. I am in too many trades. Need
your thoughts on when to enter so fewer
trades for longer. If you don’t mind.
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