[06:13 am] Ed : good morning
[06:13 am] Kris : good morning traders
[06:16 am] Kris : PNFP, ARMH, DLR and PIR for
possible longs
[06:16 am] Kris : This morning I’m watching
IAG, RSH, RIG, HBI, WHR, CAVM and FTK for
possible shorts
[06:18 am] Kris : I like RIG under 38.73
[06:20 am] Brent : good morning
[06:29 am] Kris : SPY selling off just before
the open
[06:30 am] Kris : AMGN short half
[06:31 am] Kris : AMZN short half
[06:31 am] Mitch K: monitoring CAVM for
short
[06:32 am] Kris : URBN short half
[06:34 am] Kris : GMCR short half
[06:36 am] Mitch K: watching ENOC for short
soon
[06:37 am] Mitch K: watching MOS for bottom
to buy
[06:38 am] Kris : RIMM short half
[06:38 am] Mitch K: watching END for swing
short
[06:39 am] Kris : out half AMZN short
[06:41 am] Kris : starting to watch TNA for a
quick long
[06:42 am] Kris : getting ready to add second
half short on AMGN, looking for 64.50 area
[06:43 am] Kris : same with GMCR, looking to
add second half in the 45.50 area
[06:43 am] Mitch K: watching SGMS for short
swing
[06:45 am] Brent : watching MCP for a bounce,
would like to see more selling first
[06:45 am] Kris : out another 1/4 AMZN
short
[06:45 am] Kris : SPY new lod[06:45 am] Kris
: we’re ahead of yesterday on volume so
far
[06:46 am] Kris : TNA looking better for the
long soon, starting to accelerate
[06:48 am] Kris : nice setup MCP bert[06:49
am] Kris : out all AMZN short
[06:50 am] Kris : RVBD short half
[06:51 am] Kris : out half RIMM short
[06:52 am] Kris : HTZ strong
[06:53 am] Kris : out another 1/4 RIMM
short
[06:53 am] Kris : watching NFLX for a long,
needs to drop more
[06:55 am] Kris : short second half GMCR
[06:56 am] Kris : watching DECK for a long,
support at 85.00
[06:57 am] Kris : DMND looking strong
[07:03 am] Kris : SPY not getting much follow
through on the bounce so far, keep an eye on
it if you have longs
[07:05 am] Mitch K: DTG shortable[07:08 am]
Mitch K: missed SINA bottom but monitoring
for a short on top of this bounce; not ready
yet
[07:09 am] Brent : weak bounce in MCP so far,
consider reducing
[07:12 am] Kris : sellers lingering, see if
we retest the lod in SPY
[07:14 am] Kris : looking for new lod in
RVBD
[07:15 am] Kris : SPY selling into lod
support
[07:16 am] Kris : RIMM new lod[07:16 am] Kris
: SPY new lod[07:16 am] Mitch K: watching
HGIC
[07:22 am] Mitch K: Harleysville rejects
competing offer
[07:26 am] Kris : Rare earth miners retreat
again following Chinese export quota
report
[07:31 am] Kris : out all RIMM short
[07:36 am] Mitch K: HGIC turning back down,
consider closing long
[08:01 am] Mitch K: MCP approaching low of
day, new lows triggers more shorts,
considering small short on new low
[08:05 am] Mitch K: i got to laugh at this
one: Iran says shutting down the Straits of
Hormuz is like drinking a glass of water”
[08:07 am] Mitch K: This could be a new
stressor for the market, Iran, potential
conflict; most likely Israel would strike
first
[08:08 am] Mitch K: The problem with Iran is
they are 2nd highest oil producing country,
high quality oil too
[08:10 am] Mitch K: anyone take the MCP
short?
[08:13 am] Mitch K: probably another short
here on MCP southern
[08:24 am] Brent : SPY at lod[09:35 am] Ed :
FDA inspecting MJN plant to see if
correlation
[09:35 am] Ed : to baby death
[09:46 am] Ed : IDCC moving
[09:51 am] Ed : if u took IDCC short would
reduce here
[12:01 pm] Ed : last hour of power/fizzle
[12:06 pm] Kris : SPY staying near the lows,
could lead into more selling the next couple
sessions.
[12:27 pm] Mitch K: today is slowest day of
the year that i can tell
[12:59 pm] Ed : have a nice night traders
[12:59 pm] Mitch K: you guys take care. very
normal to have slow week this week, will get
much more action next week and better week
after that too
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[06:15 am] joeytsa : gap
down:SHLD,CAVM[06:15 am] lightning :
thanks…it was just quiet down here for 7
minutes
[06:15 am] joeytsa : gap
up:AAPL,GOLD,NBL[06:15 am] joeytsa : maybe a
prelude for the trading day 🙂
[06:16 am] joeytsa : seems to be a little
more action in the ES this morning than
yesterday
[06:29 am] joeytsa : LVS has been trickling
down since premarket high
[06:31 am] joeytsa : C active
[06:32 am] sfarrill : END
[06:35 am] joeytsa : watching NBL
[06:36 am] joeytsa : CAVM nice quick gap
close
[06:40 am] joeytsa : nice on AMZN Kris
[06:49 am] joeytsa : sure is, looks like
more buyers than sellers also
[06:49 am] joeytsa : waiting i mean
[06:52 am] joeytsa : the ES and CL have both
been slowly trending down the past hour
[06:53 am] joeytsa : NBL trying to do
something
[06:55 am] shark : NFLX dumping nicely
[06:55 am] joeytsa : can’t believe i missed
the gimme set up on NBL..must still have
holiday-brain
[06:58 am] rusty : sold 1/2 of VXX swing
long
[06:59 am] lightning : L MCP avg 25.53
[06:59 am] shark : that’s it on NFLX for
now…
[07:02 am] joeytsa : BIDU getting some
buying
[07:06 am] joeytsa : WYNN lod[07:08 am]
lightning : taking 1/2 off MCP
[07:13 am] joeytsa : the ES trying to hold
its first positive move, we’ll see
[07:14 am] michael : HGIC dropping with
volume
[07:17 am] shark : nice michael
[07:17 am] lightning : out MCP, took a $15
gain on it. lol!
[07:17 am] joeytsa : good catch michael
[07:17 am] joeytsa : it spends the same
🙂
[07:17 am] Kris : take what it gives you
[07:17 am] michael : thank you shark and
joey, let’s see how it goes
[07:17 am] lightning : yep, better than a
loss!
[07:17 am] Kris : nothing wrong with that
matt
[07:18 am] Kris : exactly
[07:18 am] rusty : HGIC rejected competing
offer (out early this am)
[07:18 am] Kris : probably one of the
strongest parts of a successful trader.
recognizing a dead trade and getting out
[07:18 am] joeytsa : exactly kris..good
point
[07:18 am] Brent : exactly, nice work
lightning
[07:19 am] joeytsa : why let that money just
collect dust when you can get it working
somewhere else
[07:19 am] rusty : AGQ SLV new lows for
year
[07:20 am] joeytsa : yeah silver getting
mangled
[07:20 am] joeytsa : the ES 1yr VWAP in the
1251 area
[07:20 am] rusty : as soon as CNBC announces
silver’s death….
[07:20 am] joeytsa : silver needs the
economy to turn around
[07:21 am] Kris : oil numbers in 10
minutes
[07:21 am] rusty : silver didn’t need the
economy at the high
[07:21 am] rusty : just momentum
[07:21 am] lightning : odd silver thing:
SLV is -3.62%, but AGQ is -7.19%. AGQ is 3x,
SLV is 1x
[07:21 am] joeytsa : that should be good
kris[07:22 am] joeytsa : i wonder if Iran
will actually close the strait of hormuz, or
just keep threatening to do it…
[07:22 am] joeytsa : market keeps playing
off the same headlines
[07:22 am] rusty : DMND spike
[07:23 am] shailan : Kris,is RIG good shot
under 38.73
[07:23 am] shark : i wonder if the US will
blow their way through, or just keep asking
nicely.
[07:23 am] joeytsa : props to michael for
spotting HGIC, and Mitch for teaching me how
to play the VPattern !!!
[07:23 am] rusty : DMND activist investor
Einhorn to report 8.7% stake in DMND
[07:24 am] rusty : rumors
[07:24 am] rusty : if rumor wonder how they
know 8.7% lol[07:24 am] rusty : RAM spike
[07:24 am] Kris : a detailed rumor
[07:24 am] Kris : and early strength against
the market selling
[07:24 am] Kris : hmmmmm[07:25 am] michael :
volume really dried up on HGIC, I’m getting
out
[07:25 am] joeytsa : CF lod, been on a slow
downtrend today
[07:26 am] shark : MCP high volume spike
[07:26 am] joeytsa : makes sense michael,
either bail or trail
[07:27 am] michael : did you short it at all
Joey?
[07:27 am] joeytsa : HGIC no
[07:27 am] joeytsa : saw it too late, and
for once i didn’t chase 🙂
[07:28 am] skydiver : good job joey
[07:28 am] skydiver : on not chasing 🙂
[07:28 am] joeytsa : i will chase if i feel
the move has more to go b4 the fade
[07:29 am] tonyliu : Kris, what about GMCR
short? Do you still holding?
[07:29 am] michael : ok. you just seem to
always get a good part of the current move
[07:29 am] skydiver : Covered 1/2 S DTG
70.53 – 70.31
[07:30 am] joeytsa : i look at the volume
both ways
[07:31 am] joeytsa : if i don’t see that big
candle/high vol spike, i expect more of the
current move…esp on a news play/rumor
[07:31 am] joeytsa : sometimes it doesn’t
work…i take my lumps and move on
[07:32 am] joeytsa : HGIC was a nice
long..had the candle/vol, indis turn
[07:32 am] michael : some of these have been
tough lately, the 1, 2 minute time frames
haven’t really been parabolic
[07:33 am] lightning : RIG in a battle here
between 38.41 and 38.43.
[07:33 am] skydiver : all out of S DTG
[07:33 am] joeytsa : that’s why i spot
play..look for something specific or move
on…still need to work a lot on my
patience…
[07:33 am] joeytsa : lack of patience made
me miss NBL…too busy moving from chart to
chart
[07:34 am] michael : I hear ya. it’s so
much easier reading the charts from right to
left after you see what happened
[07:35 am] skydiver : Looks like I jumped
out of DTG too soon – I lost patience with
this one
[07:35 am] joeytsa : lightning: got that
crosshair thing figured out 🙂 so much
better on my eyes
[07:36 am] apple : every little bit helps
joey. are your charts still black?
[07:36 am] joeytsa : yes, black
background
[07:36 am] lightning : is that supposed to
be easier on your eyes?
[07:36 am] apple : you didn’t like the white
for esignal – easier on the eyes
[07:37 am] apple : yes
[07:37 am] lightning : out 1/3 RIG
[07:37 am] joeytsa : not sure, just used to
black i guess
[07:38 am] apple : try the white, you’ll
see
[07:38 am] joeytsa : i like how the color
pops out on black
[07:39 am] scalpman : Out 1/2 RIG S @
38.68
[07:39 am] lightning : OK, scalpie, let’s
get RIG down below 38.
[07:39 am] joeytsa : BIDU still looking
ok
[07:40 am] Brent : I prefer the black too
Joey, especially with multiple monitors. The
white made me feel like I died or something,
lol[07:40 am] joeytsa : haha[07:43 am] rusty
: The S&P 500 erased its gains for the
year on Wednesday as Wall Street reversed
some of its recent year-end rally, with many
investors expressing concern about the
outlook for early 2012
[07:43 am] rusty : what a difference a day
makes
[07:44 am] joeytsa : yeah rusty, january
should be interesting
[07:44 am] apple : i think we have all
erased our gains from a previous day…
[07:44 am] joeytsa : would love to know what
% of sales was put on credit cards..and what
% they expect to be paid
[07:45 am] joeytsa : 4 weeks ago, we were
being told it was a record black friday[07:45
am] shailan : Kris, are you still GMCR short
?
[07:46 am] rusty : just like we’re told that
every IPO is oversold and great
[07:46 am] apple : don’t believe everything
they tell you
[07:46 am] joeytsa : apple: i actually do
think sales were better…but profit weren’t
due to low prices
[07:47 am] joeytsa : retailers are scared
right now
[07:47 am] joeytsa : huge discounts this
week
[07:52 am] skydiver : Come on down SINA
[07:54 am] skydiver : all out of SINA
[07:54 am] rusty : Cramer
http://seekingalpha.com/article/316217-jim-cr
amer-s-long-term-holdings-show-disappointing-
returns?source=from_friend
[07:55 am] skydiver : S SINA 54.12 covered
53.81
[07:55 am] rusty : the 16 stocks that have
been in his portfolio consistently during the
past 6 months lost 17% and underperformed the
S&P 500 index by 9 percentage points.
These stocks also lost 12.4% since the
beginning of 2011, underperforming the SPY by
10 percentage points. We don’t think it is
very likely that Cramer beat the market in
2011. This is probably the reason why we
don’t see his 2011 returns advertised
anywhere.
[08:01 am] skydiver : Well, had a tougher
day, but ended up in the green – got to take
off — have a great day of trading
everyone
[08:01 am] Ed : c ya sky
[08:09 am] scalpman : MCP new lows
[08:10 am] joeytsa : looks like the dollar
making highs, euro falling, italian bonds
approaching 7, germany down 1.8%
[08:13 am] southernky : yes mitch but i am
out
[08:14 am] southernky : ok
[08:15 am] Mitch K: is that southern
Kentucky?
[08:17 am] lightning : taking another 1/3
off RIG short, stop at BE
[08:17 am] Mitch K: nice lightning
[08:20 am] scalpman : Me too out another 1/4
RG S
[08:21 am] lightning : nice scalpie.
[08:22 am] scalpman : Kris called that one
at the open…I set an alert!
[08:23 am] scalpman : Thanks Kris
[08:23 am] lightning : I did the
same…thanks Kris
[08:25 am] southernky : mcp needs to break
24.50
[08:26 am] scalpman : MCP new lows out 1/2
MCP S
[08:27 am] scalpman : Lots of buyers @
.50
[08:28 am] apple : nice, scalp
[08:29 am] apple : there goes MCP
[08:32 am] scalpman : Still holding a piece
of MCP S…could break further if this pop
fizzles.
[08:32 am] southernky : yes mitch southern
ky[08:33 am] southernky : just saw your post
sorry
[08:33 am] joeytsa : nice trading scalp
[08:37 am] joeytsa : ES down about 20 points
since overnight highs
[08:40 am] scalpman : All out MCP
[08:42 am] joeytsa : IBM lod[08:43 am]
scalpman : All out RIG
[08:44 am] scalpman : Good day today 5/7 ;
2 small losses.
[08:44 am] apple : excellent scalp
[08:45 am] Ed : nice going scalp
[08:46 am] scalpman : Thanks great calls by
Mitch and Kris…thanks.
[08:46 am] apple : we are lucky
[08:46 am] Brent : nice work scalpman[08:47
am] lightning : that’s right scalp…but you
still have to pull the trigger. way to
go.
[08:47 am] joeytsa : keep it going
scalp..nice hit rate
[08:47 am] scalpman : thanks joey….two
losses were managed with appropriate
stops….gains in the range of 1-2%
[08:48 am] joeytsa : nice work
[08:49 am] joeytsa : i’m mainly in watch
mode this week..unless a gimme pops up
[08:49 am] apple : good for you, i am laying
low as well
[08:50 am] scalpman : TNA L moving
[08:52 am] joeytsa : VMW with an up move
[08:55 am] Kris : DMND rumor staying
strong
[08:59 am] joeytsa : if you went short the
ES at the open you would be up over $600
[08:59 am] joeytsa : on 1 contract
[09:09 am] lightning : SPY closing in on
LOD
[09:15 am] rusty : SQNS hod[09:35 am]
michael : MJN dropping again on volume
[09:45 am] mikewd2 -: rusty, the VXX has been
pretty good today
[09:54 am] pow : Mitch your opinion on TZA
here?
[09:54 am] Mitch K: don’t care for that trade
pow[09:54 am] Mitch K: not now
[09:55 am] Mitch K: if anything it would be a
TNA trade long but not high prob either
[09:55 am] pow : Thanks
[10:09 am] lightning : LNG moving
[10:11 am] lightning : LNG news from 8 mins
ago:FERC says Sabine Pass LNG project, with
mitigation, will not affect environment
[10:14 am] lightning : LNG still moving
[10:14 am] apple : i see light
[10:45 am] apple : light, i am still trying
to figure out how to use the tv as a
monitor
[10:45 am] rusty : SQNS hod[10:47 am] apple
: anybody have any ideas? it was hooked up
at one time…
[10:47 am] rusty : selling 1/2 of SQNS by
the eod[10:48 am] rusty : if not sooner
[10:50 am] mscholder : Apple, do you have an
HDMI input jack in your TV?
[10:51 am] victor51 : Hi everyone. I am here
for just few minutes. Starting tomorrow, will
spend more time and learn from the experts
and get ready for 2012
[10:52 am] lightning : hey victor. hope you
are having a great holiday time. I’m looking
forward to 2012 being the best so far
[10:54 am] victor51 : How was your last week
? Did i miss anything big??
[10:55 am] Brent : no Victor, it’s been slow
during the holidays
[10:58 am] apple : mscholder – don’t know.
it was hooked up to be a monitor at one time
and i just don’t know how to do it.
unfortunately, i cannot ask the person who
hooked it up.
[11:01 am] michael : apple, was it hooked up
to a desktop or laptop?
[11:02 am] apple : thx michael, the desktop,
along with the 3 monitors
[11:04 am] michael : you probably have an
hdmi port at the back of the desktop and
monitor. they should say hdmi by them
[11:09 am] michael : if not connected by
cable, then I would think it must have been
wireless, like an apple tv system or
something like that
[11:11 am] apple : yes. now what i need to
do is to put the tv in a mode that connects
to the computer…
[11:13 am] michael : just run through the
selections on the input button
[11:14 am] michael : should be able to do it
either on the remote or actual tv. button
should say input or format maybe
[11:19 am] michael : with the tv on it
should cycle through each input with each
button push, or you could see which port your
apple tv or other system is plugged into and
select that one
[11:20 am] apple : thanks so much michael
[11:22 am] apple : yes, i love you
michael!!! yes. that was it. eureka!
[11:22 am] michael : I’m totally tech
challenged, I’ll chalk that one up to the
blind squirrel
[11:23 am] apple : no, it was the exact
thing to do… the tv remote, not the direct
tv one.
[11:26 am] mikewd2 -: how’s the trading going
today?
[11:26 am] mikewd2 -: been out most of the
day
[11:26 am] joeytsa : slow for me mike, just
watching
[11:27 am] mikewd2 -: just bought some AGQ
40.65
[11:27 am] lightning : the last entry I had
was nearly 3 hours ago…though i did get an
oil trade in the last 90 minutes.
[11:29 am] michael : I did CL too light,
shorted at 99.67, covered at 99.33
[11:29 am] mikewd2 -: AWAY moving
[11:29 am] mikewd2 -: pretty thin
[11:29 am] joeytsa : good trade michael
[11:30 am] lightning : lol, I had the long
on CL, from 99.38 to 99.70.
[11:30 am] joeytsa : another good one
[11:30 am] joeytsa : minute or tick
charts?
[11:31 am] lightning : who? me? I only use
a 1-min chart for CL.
[11:32 am] joeytsa : gotya, what about you
mike?
[11:32 am] michael : 2 minute chart for me.
10:42 to 11:22
[11:33 am] joeytsa : nice…i might make the
switch to minute charts
[11:35 am] michael : I use to try tick but
the moves were so quick it just made me
anxious with the quick moves in oil.
[11:37 am] joeytsa : yeah, the ticks can fly
by
[11:38 am] joeytsa : i adjust them during
the day at times
[11:40 am] derns : hello all..I am just
checking in.
[11:40 am] Ed : hey derns[11:41 am] derns :
I am waiting for my wife..she is having
elective-sorta surgery..got bored in the
waiting room
[11:41 am] derns : what happened to
gold/silver?
[11:42 am] michael : gold blew through 3
levels of support, rough day for it. wish
your wife the best
[11:43 am] derns : thx michael..will do.
wow…gold and silver dove down big time.
S&P down 15 or so
[11:53 am] joeytsa : DMND falling a bit
[11:54 am] michael : geez joey, that thing
consolidated for a couple hours
[11:59 am] joeytsa : yeah michael i see
that…
[11:59 am] joeytsa : it looked bigger, not
used to esignal yet..seems like each chart is
on a different scale…
[11:59 am] joeytsa : sometimes its 5cent
increment, sometimes 20cents etc[12:23 pm]
apple : ENOC finally turning over
[12:49 pm] rusty : RAM hod…common day
traders run it please
[12:54 pm] go4it : anybody have opinion on
holding MJN overnight?
[12:54 pm] lightning : Thanks TSA and
everyone. We’ll see you tomorrow!
[12:58 pm] apple : thx MK, K, B, E and
everyone. Have a wonderful evening. see you
all tomorrow.
|
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