| (05:45 am) JoeyTSA :early gap up:
AAPL,UTHR,GOOG
(05:46 am) Mitch King:AAPL announced they got
the China Mobile contract for China’s biggest
telecomm company to distribute Apple iPhones
(05:46 am) JoeyTSA :early gap down : TIF,
TSRO
(05:53 am) Mitch King:I think today is going
to be an important move on AAPL daily and
weekly chart.
(06:04 am) Mitch King:spike in NQ
(06:06 am) Mitch King:keep an eye on EROC,
could be a runner
(06:18 am) Mitch’s Assist. :December 23, 2013
Monday Pre Market Up: ARIA, AAPL, EROC, EP,
YRCW, TSLA, HKTV, AMBA, SWIR, ORMP, XRTX,
HIMS, DDD, UTHR CANF Pre Market Down: TIF
(06:30 am) Qwert :watching TSRO
(06:31 am) JoeyTSA :eye on YRCW for potential
breakout over $17
(06:32 am) Mitch King:watching MTOR move up
(06:32 am) Mitch King:watchign TXT for bottom
to buy
(06:32 am) JoeyTSA :tighten YRCW
(06:33 am) Mitch’s Assist. :watching FIVE
(06:33 am) Mitch King:looking for TIF for
short
(06:34 am) Mitch King:MTOR very interesting
as a short on top of this move
(06:34 am) Mitch King:watching GOGO for
trades
(06:34 am) Mitch King:probably here 9.50
level
(06:35 am) Mitch’s Assist. :watching NUS
(06:35 am) Mitch King:watching MKTO for
bounce, then short
(06:35 am) Mitch King:FB trending up
(06:35 am) Mitch King:watching KORS for
bottom to buy
(06:37 am) Mitch King:keep tracking AAPL for
trades both ways
(06:39 am) Mitch King:consider reducing some
short in MTOR on the bottom of this drop
here, fairly soon
(06:40 am) Mitch King:watching EQT for short
(06:40 am) Mitch King:only trying to cover
some short, unless MTOR drops to 8.75 area
(06:40 am) Mitch King:i would not try to buy
MTOR long
(06:40 am) Mitch’s Assist. :watching GMCR
(06:41 am) JoeyTSA :eye on TSLA,GMCR
pullbacks
(06:41 am) Mitch King:if there is not much
buying at $9, then MTOR goes lower but
usually a strong moving stock attracts buyers
around round numbers
(06:41 am) Mitch King:$9.00 level excellent
place to cover this MTOR short
(06:43 am) Mitch King:watching ANAC for
potential short
(06:44 am) JoeyTSA :eye on VRTX for break of
this 72/73 range
(06:44 am) Mitch King:watching KORS closer
(06:45 am) Mitch King:GMCR bouncing
(06:45 am) Mitch King:watching GMCR to buy
(06:50 am) JoeyTSA :tighten GMCR
(06:53 am) Mitch King:Michael Kors markdowns
higher than expected, says Wedbush Wedbush
said slower mall traffic has resulted in
higher-than-expected markdowns, indicating a
slower than expected holiday season.
(06:57 am) Mitch King:EROC turning over
(06:57 am) JoeyTSA :breakout not strong on
VRTX, use caution
(06:58 am) Mitch King:should be out of long
and maybe look for shares to short
(06:59 am) Qwert :monitoring WAG
(07:02 am) Mitch King:KORS looking a little
bouncy
(07:05 am) Mitch King:i dont see KORS as a
long with that kind of news, its really a
short that has mostly run its course. my
guess is bounces will get sold into
(07:10 am) JoeyTSA :eye on QIHU also
(07:15 am) Mitch King:if you are short KORS,
consider covering, looks like flattening out
(07:23 am) Qwert :WPRT strong, monitoring
(07:53 am) Mitch’s Assist. :wathcing KORS for
a Short
(08:36 am) JoeyTSA :eye on PVR
(11:36 am) JoeyTSA :SFUN vol spike
(12:58 pm) Mitch King:see you guys tomorrow
for half day
| (05:31 am) Qwert :Good morning everyone
(05:41 am) JoeyTSA :Good morning everyone,
UofM #’s @ 6:55am, big gap up on futures and
AAPL
(05:43 am) taco :gm guys
(05:46 am) doji :Hi Joey, Taco, good day
(05:46 am) doji :I still have my APPL
posotion from $525 and will ride until
earnings report day in January
(05:47 am) Qwert :nice doji
(05:49 am) JoeyTSA :good job doji
(05:51 am) JoeyTSA :thx Mitch for info
(05:52 am) taco :thanks for gaps joey. ARIA
has had nice move last couple sessions, might
b one to watch
(06:06 am) doji :Fellas, this is a good blog
to get a nice analysis for the week O/I that
has helped me set realistic expeactations
about the targets for the week. ..
http://www.rachessassyspy.com/2013/12/tred-li
ghtly-hold-your-yearly-gains-and.html
(06:08 am) JoeyTSA :thx doji
(06:10 am) skydiver :thnx doji — appreciate
the link
(06:12 am) Murano :good morning
(06:12 am) skydiver :gm all and gm Murano
(06:13 am) freitag8 :Good Monday Mornin to
y’all
(06:15 am) skydiver :CL – nice move down
for me 🙂
(06:16 am) JoeyTSA :XRTX has a gap up
(06:18 am) skydiver :not sure what the news
is yet on DG drop – checking
(06:18 am) skydiver :KKR and GS both exited
DG
(06:19 am) taco :thx Mitch Sky
(06:25 am) skydiver :thnx for gappers Mitch
and joey
(06:31 am) skydiver :thnx qwert for TSRO
(06:31 am) doji :YRCW
(06:32 am) JoeyTSA :huge spread on it. be
careful
(06:33 am) skydiver :3/4 out of TSRO long
(06:35 am) skydiver :have KORS on a screen –
just monitoring
(06:38 am) skydiver :TWTR – moving up a bit
(06:40 am) JoeyTSA :nice one on TWTR
(06:42 am) JoeyTSA :UTHR good move
(06:42 am) skydiver :KORS – slower mall
traffic this year = larger mark downs —
(06:42 am) JoeyTSA :i have been hearing
overall that traffic is up, but spending is
down
(06:43 am) JoeyTSA :not sure the truth
though
(06:43 am) skydiver :hearing same thing in
Portland – much quicker in season mark downs
and deeper
(06:44 am) JoeyTSA :great call on FB
(06:44 am) taco :nice call YRCW joey
(06:50 am) Mitch King:did joey get one? he
got one for the week already?
(06:51 am) skydiver :nice call on GMCR Mitch
–
(06:51 am) JoeyTSA :trying Mitch, might take
next 2 days off
(06:52 am) skydiver :TSLA bounced nicely
without me
(06:52 am) Qwert :KORS still falling
(06:53 am) skydiver :whoever shorted KORS is
smiling at moment
(06:53 am) JoeyTSA :eye on /ES near 1820
(06:54 am) JoeyTSA :i missed that one sky
(06:56 am) JoeyTSA :AMZN to test $400?
(06:56 am) skydiver :UoM report –
expectations 83.5 – came out at 82.5
(06:57 am) doji :Watching NFLX at $380
(06:57 am) JoeyTSA :thx sky, forgot all about
that report
(06:57 am) doji :O/I in NFLX at $380
(06:58 am) skydiver :no problem 🙂
(07:00 am) doji :Nice breakout in NFLX Joey,
with volume
(07:01 am) regatta :watching YNDX
(07:02 am) doji :KORS 50dMA at 79.5 and
holding for now
(07:03 am) doji :AMZN
(07:04 am) JoeyTSA :real good doji
(07:05 am) skydiver :thnx Mitch
(07:05 am) JoeyTSA :/CL seems to have some
issues with $99 at the moment
(07:06 am) skydiver :WAG trying to bounce
(07:07 am) JoeyTSA :nice one sky, actually
wentto walgreens a couple days ago, all
their Christmas stuff was discounted too
(07:07 am) skydiver :gotcha joey . . I
didn’t expect WAG to bounce much — did a
micro trade on it
(07:07 am) JoeyTSA :TIF good off the gap
down, FB still strong
(07:09 am) JoeyTSA :TWTR testing $62
(07:11 am) doji :TWTR needs to close above
$60 if we want to give $70 a chance
(07:15 am) skydiver :TSRO – being defended
by Citi group –
(07:16 am) JoeyTSA :eye on ACAD
(07:18 am) JoeyTSA :quick break, back in
20…
(07:19 am) skydiver :enjoy joey
(07:19 am) JoeyTSA :Merry Christmas to anyone
who leaves b4 i get back, might take tomorrow
off
(07:19 am) doji :All out FB at 57.10… rode
it ftrom $55.75
(07:20 am) JoeyTSA :ps: my nephew is playing
in the bowl game on espn @ 2pm ET
(07:20 am) doji :merry Christmas Joey, my
best wishes for you and your family….Hope
Santa brings you what you asked for…
(07:20 am) JoeyTSA :thx doji, i will be here
most of today
(07:21 am) Mitch King:wow, thats pretty cool
joey
(07:21 am) skydiver :what team?
(07:22 am) Qwert :whats his name?
(07:27 am) skydiver :KORS trying to move up
(07:27 am) regatta :watching /GC at 1200
(07:41 am) doji :FB still running strong…
(07:41 am) JoeyTSA :sky,qwert : he plays for
ECU, #11 Damon Magazu
(07:42 am) JoeyTSA :he is a safety
(07:43 am) Qwert :thx joey will put it on
later
(07:45 am) skydiver :thnx joey — will try
to catch that game 🙂
(07:46 am) freitag8 :eye on CL… near S1
(07:47 am) skydiver :all out of KORS long .
. .need to head into the office . . will try
to jump on once I get there
(07:48 am) JoeyTSA :enjoy sky
(07:49 am) Qwert :bye sky
(07:50 am) klas :see ya Sky
(07:53 am) doji :I should have kept some
FB… closed at $57 after a $.125/share
profits… It’s still climbing hihger
(07:55 am) freitag8 :TWTR wont be stopped
either… now at $62
(08:00 am) freitag8 :ES in a nice uptrend
with a uptrending purple dash… buying on
the dips
(08:06 am) JoeyTSA :/CL back to $99
(08:11 am) regatta :just watching RGP
(08:13 am) freitag8 :$99 has been an
interesting level for CL all day
(08:13 am) JoeyTSA :yeah
(08:25 am) freitag8 :only up 10 ticks on CL
all day… it’s been hard to trade with this
low volume
(08:31 am) doji :Watching KORS
(08:44 am) freitag8 :GC had a decending
triangle on the 1 minute chart and traded
lower by almost a dollar.., CL is currently
in the same pattern
(08:52 am) JoeyTSA :that was great move on
TWTR
(08:54 am) freitag8 :ya it was
(08:58 am) JoeyTSA :break for a while, back
later
(08:59 am) freitag8 :CL broke lower like GC
did but only about 5 points… Oh well…
(09:09 am) Qwert :The family is getting ready
to take off cya all back here in a while
(09:13 am) Mitch King:hey qwert
(09:15 am) Mitch King:hey electrader, you
live close to West Monroe?
(09:22 am) electrader :3 hrs away Mich
(09:22 am) electrader :Mith
(09:22 am) electrader :cant spell this
morning
(09:23 am) Mitch King:im reading the article
about Phil Robertson teaching yesterday at a
church, he ignited a national firestorm,
(09:23 am) doji :Lol FB now $1 above my
early exit….At this pace it will hit $60 by
the end of today
(09:23 am) electrader :yea more power to
him
(09:24 am) electrader :i pass his place of
business every time I go to mydeer camp
(09:24 am) electrader :He just opened a
restaurant there too
(09:25 am) Mitch King:I think A&E
suspending him is only going to get more
viewership to DUck Dynasty
(09:25 am) electrader :I agree
(09:26 am) electrader :He just bought a new
home there… a double wide mobile home
(09:26 am) electrader :no joke
(09:26 am) Mitch King:THeir merchandise sales
are $400 million a year
(09:27 am) electrader :Yep.. a good
contractor friend of mine does some work for
him from time to time
(10:08 am) Mitch King:i didnt even trade CL
today, figured it would be slow; only one
good trade
(10:08 am) Mitch King:that short around 600am
on the lower left chart
(10:09 am) freitag8 :I’ve picked up 13 ticks
on CL is all
(10:10 am) freitag8 :just got a Thunder sell
at 9:56 but don’t expect much out of it
(10:33 am) freitag8 :all out of CL… 10
tick short on Thunder Sell
(10:35 am) freitag8 :Long /GC on Thunder
Buy, looking for 1198.40
(10:47 am) JoeyTSA :/CL not wanting to
venture too far away from $99 still
(10:49 am) freitag8 :it’s been in a tight
range for sure… moving in my stop loss on
/GC as it nears my target
(10:50 am) JoeyTSA :i hate these type of
days
(10:51 am) freitag8 :u and me both… Made
just under $300 but the goal is $800… so a
good day but not what we hope for’
(10:52 am) JoeyTSA :most people have to work
8hrs @ $35/hr to get i that range
(10:52 am) freitag8 :/GC stop loss at
1197.6
(10:52 am) JoeyTSA :i dont know many who do
that
(10:52 am) freitag8 :ya… but you and I
work 12 hours a day… just some of it is
research the rest is cold sweatin’
(10:52 am) JoeyTSA :not me
(10:53 am) freitag8 :hey… CL may give is a
buy here soon
(10:55 am) Mitch King:no i dont like this as
a buy freitag, has not gone down enough,
still in sell zone
(10:55 am) Mitch King:your best buy signals
are in a buy zone, the green boxes
(10:55 am) freitag8 :I agree… but I’m
watching it closely for it to push thru
(10:55 am) Mitch King:the only time a decent
buy signal could develop in a sell zone is
if a really big move, suddently
(10:56 am) Mitch King:Nymex closes in 34
minutes so i wouldnt think there will be any
good trades left
(10:56 am) Mitch King:now next week , good
trading action
(10:56 am) freitag8 :thats right… I forget
the NYNEX hours are different than CBOE
(10:57 am) Mitch King:right, im basically
just studying charts all week, making
adjustments, preparing for next week’s
trading
(10:57 am) freitag8 :was looking for
something like the action between 6:00 &
7:30 PST to develop, but probably not enuf
time now
(10:58 am) JoeyTSA :i have a very tight bb on
one of my /CL charts, price has been choppy
even with that
(10:58 am) Mitch King:there was a nice short
at around 600am pt this morning on CL
(10:58 am) Mitch King:right joey, most of
today has been a no trading zone for me,
flat, choppy, no range
(10:58 am) Mitch King:in /CL
(10:59 am) freitag8 :the 1 min chart didn’t
give as good a sell signal on CL at 6AM
today
(10:59 am) JoeyTSA :maybe 3 worthwhile trades
on that 2nd chart i have
(10:59 am) JoeyTSA :but nothing big
(10:59 am) freitag8 :it had already made a
big move… Inter. Brokers does not provide
tick data so I’m limited to 1 min chart
(11:01 am) Mitch King:what? you need tick
data on on futures,
(11:01 am) JoeyTSA :im using a Lbar 242 on
one chart and 4r on another
(11:01 am) Mitch King:i would NOT use a 1 min
chart for Thunder charts Freitag,
(11:02 am) freitag8 :i dont know if I can
get a range chart with my IB data… I’ll
look today and see
(11:02 am) Mitch King:joey’s setup is good,
the Lightning bar gives more precise timing
but the 4 range chart is good overall
(11:02 am) JoeyTSA :on the 4R is where i have
that bb setting
(11:02 am) Mitch King:get a datafeed instead
of using IB data. Kinetick, esignal, dtnIQ
(11:03 am) freitag8 :I am looking at
Kinetick
(11:03 am) Mitch King:you will make over
twice as much money using a 4 range chart on
CL than 1 min. i only look at 1 min as
overall picture, not for signal timing
(11:04 am) freitag8 :ok… I’ll get a hold
of Kinetick today
(11:04 am) freitag8 :but this means I’ll
have to delay your Christmas gifts….
(11:04 am) Mitch King:the statistical
backtesting for 1 minute is always one of the
worst performing settings for futures. For
stocks it works good
(11:05 am) freitag8 :I didn’t know that…
so a 4 or 5 range is prefered?
(11:05 am) Mitch King:you signup for kinetick
online, no phone support that i know of. you
could be up in 15 minutes. Most all the
exchanges you can get your fees waived if you
connect through ninjatrader once a month. so
the $76 a month Nymex or CME or others charge
a month, become 0 if you connect to a funded
account. you dont have to do trades, just
connect to a funded account
(11:06 am) Mitch King:absolutely
(11:06 am) Mitch King:you are going to be so
late on a 1 min chart, let me show you on the
projector
(11:07 am) Mitch King:CL 2-14 on both charts,
4 range on left chart, 1 min on right
(11:07 am) freitag8 :oh wow… 20 minutes!
(11:08 am) Mitch King:right, 20 minutes
earlier, same price on both charts in this
instance but usually 4 or 5 range will give
higher price
(11:08 am) Mitch King:no joey, run a
lightning bar and get price
(11:09 am) Mitch King:5 minutes earlier on a
Lightning bar, 1 tick higher at 99.09
(11:09 am) freitag8 :is that a 2/4/2 setup?
(11:10 am) Mitch King:yes 242 on right chart
(11:10 am) freitag8 :the lightning one…?
(11:10 am) Mitch King:so only use a 1 min on
futures for an overall landscape perspective,
overall view
(11:10 am) Mitch King:yes 242 is a setting
unique to the Lightning bar
(11:10 am) freitag8 :ok… I had no idea
(11:11 am) Mitch King:we made this candle
freitag
(11:11 am) freitag8 :so I only trade ES, GC
and CL plus 1 stock a day… The lightning is
for the 3 futures…
(11:11 am) Mitch King:the lightning bar can
be used on any futures or forex
(11:11 am) freitag8 :what do I use for the
daytraded stock?
(11:12 am) Mitch King:1 min
(11:12 am) Mitch King:dont use lightning bar
for stocks, it will drive you batty
(11:12 am) freitag8 :got it… I had it
backwrds I guess
(11:12 am) freitag8 :lol, ok… I only use
Lightning on a daily chart for stocks
(11:13 am) Mitch King:are you talking about
the bar/candle or the Lightning charting
system
(11:13 am) Mitch King:there is a Lightning
charting and the Lightning Bar is totally
different
(11:13 am) freitag8 :Lightning Charting
system from the indicator list on Ninja
(11:13 am) Mitch King:ok that is the
charting
(11:13 am) Mitch King:im talkign about the
candles
(11:14 am) freitag8 :is that on the initial
box to open a new chart?
(11:14 am) Mitch King:that is available to
you by right clicking on a chart, choosing
Lightning bar as the type
(11:14 am) Mitch King:ok watch this
(11:14 am) freitag8 :ok… got it
(11:14 am) Mitch King:see that, it is the
choice at the bottom of that dropdown meny
under Type in Data Series
(11:15 am) freitag8 :i did, thx… thats a
huge help
(11:15 am) Mitch King:the Lightning chart is
our charting system.
(11:15 am) Mitch King:you can have a
lightning bar on a Lightning chart or on
other charts if not Lightning chart
(11:15 am) Mitch King:i have the Lightning
bar on a Thunder chart
(11:15 am) Mitch King:on the right chart
(11:16 am) freitag8 :I like the one on the
right best… its easiest to see the signals
(11:17 am) Mitch King:the shortcut is a
keyboard command Ctrl F. this gets you to
Data Series box which you change various
settings
(11:17 am) JoeyTSA :its what you get used to
(11:17 am) JoeyTSA :my chart have way too
much stuff on them, going to downsize over
the holidays
(11:18 am) Mitch King:thats been my tendency
too joey.
(11:18 am) Mitch King:as i get older, trading
longer, i like more simple charts
(11:18 am) Mitch King:its quicker to make
decisions
(11:19 am) freitag8 :I dont know that I
would have got in on the CL move this morning
with the purple dash trending up like it was
at between 9:43 & 10:29
(11:19 am) JoeyTSA :3 mas, darvis box, pivots
on the charts…macd, stochs, squeez
underneath
(11:19 am) JoeyTSA :thats on futures
(11:20 am) JoeyTSA :stocks : 2mas,pivots,
prev hi/low/close and then macd, vol,stochs
under
(11:20 am) Mitch King:freitag, see how i got
the 1 min chart up here?
(11:20 am) freitag8 :yes
(11:20 am) Mitch King:this is how i like to
use the 1 min chart, i can see all day and
last night
(11:21 am) freitag8 :i have been doing this
also… I have a 1 min from 6AM on above a 1
min from midnight the day before
(11:22 am) freitag8 :but I have been trading
off the 1 min from 6Am on
(11:22 am) freitag8 :I’ll get the kineticks
today
(11:22 am) doji :Waht a run in TWTR today,
someone must know something like APPL buying
TWTR or so
(11:23 am) doji :I saw that porst in
Stocktwits last week
(11:23 am) freitag8 :I would have missed
that move tomorrow because I enter on a
change in direction on the purple line and CL
had already moved by that time
(11:24 am) freitag8 :today* not tomorrow
(11:26 am) doji :Fretitag are you in TWTR?
(11:26 am) Mitch King:if there is a place to
put who referred you, put down
Tradestocksamerica. we don’t get paid but i
occasionally ask them for more detailed
technical assistance
(11:26 am) Mitch King:that was for Freitag on
Kinetick
(11:26 am) freitag8 :ok… i will
(11:28 am) freitag8 :no I’m in FB today
(11:29 am) doji :I was but I sold at
$57….
(11:29 am) doji :I’ll look for continuation
tomorrow on both TWTR and FB
(11:29 am) freitag8 :me too
(11:30 am) freitag8 :i have my sell in at
$58.30 on FB
(11:31 am) doji :Watch APPL at $570
(11:34 am) JoeyTSA :eye on GMCR@ $75
(11:35 am) doji :Highest O/I in GMCR at $75
Joey….
(11:55 am) JoeyTSA :UTR had a nice day
(11:56 am) JoeyTSA :thats UTHR
(11:57 am) JoeyTSA :doji: AAPL $570 printed
(11:58 am) freitag8 :time for a break… see
ya all later… Thx so much for the help
every1
(11:59 am) JoeyTSA :enjoy freitag
(12:00 pm) freitag8 :BTW… DOJI, I did a
swing trade on MSFT… Sold the 35/33 Jan 4
Put Credit Spread… should be out of that
trade in 2 weeks or less for a 10% gain
(12:04 pm) freitag8 :This month my Swing
trades have been profitable over 70% with a
risk reward of 1.2 : 1 so one of my better
months
(12:05 pm) freitag8 :ok… I’m out for 20
minutes
(12:15 pm) JoeyTSA :my nephew just got smoked
for a td…oh well
(12:25 pm) Mitch King:what team joey
(12:26 pm) JoeyTSA :he plays for ECU, game is
on espn
(12:26 pm) JoeyTSA :he is # 11
(12:27 pm) Mitch King:what color of univorm
(12:27 pm) Mitch King:uniform
(12:27 pm) Mitch King:offense?
(12:27 pm) JoeyTSA :black
(12:37 pm) JoeyTSA :Just want to wish Mitch
and the entire TSA family a Merry Christmas
(12:37 pm) JoeyTSA :going out tonight, might
be late night so i may not be in tomorrow
(12:38 pm) JoeyTSA :nice move over $64 on
TWTR
(12:38 pm) Mitch King:you too joey
(12:38 pm) Murano :see you Joey have a
Merry Christmas
(12:38 pm) JoeyTSA :have a great day, see you
all on thursday
(12:39 pm) Mitch King:drive safe and if you
drink, have someone else drive
(12:39 pm) JoeyTSA :between me driving after
a drink or my wife driving, its safer with
me driving haha
(12:40 pm) skydiver :Merry Christmas to
everyone as well. TWTR is a nice Christmas
present for all today if you went long 🙂
See ya Thursday joey
(12:40 pm) taco :cya joey, thanks everyone
have a great night see you tomorrow
(12:40 pm) skydiver :see ya tomorrow taco
(12:51 pm) carr8 :unable to display range
bars on CL
(12:58 pm) carr8 :Thanks
(12:58 pm) freitag8 :Bye Mitch… Thanks!
(12:58 pm) Mitch King:carr8, what is your
data feed? you need tick data, see
discussion made earlier today between me and
Freitag
(12:58 pm) Mitch King:you cant use a 1 min
datafeed, must be tick data
(12:58 pm) carr8 :Using IB
(12:59 pm) carr8 :OK will look into that
(12:59 pm) carr8 :No sure what IB provides
(01:00 pm) Mitch King:IB does not provide
tick data, need to switch to esignal,
kinetick, DTNIQ, someone like that
(01:00 pm) carr8 :OK, thanks-may try
Kinetick
(01:01 pm) carr8 :How about tradeStation??
(01:06 pm) Mitch King:i think that should
work, email [email protected] carr
|
Web Special
