shorting.
tomthetrader: Yes about 35% short in DXD and IWM puts
(2:53 PM) Fulkdaddy: since 70% of Friday's prior to three day weekends are positive, and the market is having trouble getting a rally going, I would say this is bearish for next week
tomthetrader: agree
tomthetrader: RUT down while Dow up is bearish as you know
(2:54 PM) Fulkdaddy: good point...also bkx is lagging
(2:54 PM) Fulkdaddy: altough the SOX is up
tomthetrader: yes...we have a 94% chance of a down day on Tuesday
tomthetrader: and if it ends up down today it goes to 100%
(2:55 PM) Fulkdaddy: DBA looks really good
tomthetrader: Love DBA DAG
(2:55 PM) Fulkdaddy: it just keeps going up on a steady, consistent uptrend
(2:55 PM) Fulkdaddy: Could be food shortages this summer?
tomthetrader: we ahve been very choppy from - to up 75
tomthetrader: Yes Foodstuffs short
tomthetrader: BG
tomthetrader: a great trade too
tomthetrader: I am going to long of BG soon
tomthetrader: DYY a interesting play Dave
(2:56 PM) Fulkdaddy: yes, I have been watching it
(2:58 PM) hibuck2: NYSE AD +832
tomthetrader: a/d line bothersome for bears ..should not be going up much more
tomthetrader: ES HITS ABRICK WALL 894
tomthetrader: add some more DXD
tomthetrader: Please give a quote for fills
tomthetrader: adding 10% more DXD
tomthetrader: 8350 Dow
(3:03 PM) redliontrader: 50.13
(3:03 PM) Freezinalberta: 50.16
(3:04 PM) eman11: 50.15
tomthetrader: 47.00 !!!!!!
tomthetrader: jUST KIDDING
tomthetrader: 50.12 and 50.14
(3:06 PM) Harrod_t: I have lost track, what percent should be short DXD??
(3:07 PM) redliontrader: Harrod.. I have us 40% short dxd and 2% short IWM RX
(3:08 PM) Harrod_t: Thanks, THat is what I thought, but thought I might have missed some calls
tomthetrader: 40% is correct and we want to get 5% into IWM puts on the close or 3:45pm
tomthetrader: Main fund actually has 10 contracts of ES SEPT Futures as a hedge Long
tomthetrader: WE sent out a bulletin for futures traders to long hold SEPT futures if you have a LARGE ACCOUNT
tomthetrader: LARGE like 7 digits
(3:12 PM) hibuck2: NYSE AD +940
(3:12 PM) steve_45_4: cant even count that high lol
tomthetrader: too good ..scaring bears bad
(3:12 PM) ajayvee: does that include the two decimal points ?
(3:12 PM) steve_45_4: lol
tomthetrader: OK there was the MEMORIAL RUNUP
tomthetrader: add to your IWMRX
tomthetrader: Please give me a quote on IWMRX now
(3:14 PM) steve_45_4: 2.88/89
(3:14 PM) ajayvee: IWMRX 2.88.and 2.90
(3:14 PM) TTTMichael: 2.87 - 2.89
tomthetrader: Thank you guys !!!!!
(3:15 PM) hibuck2: IWM RX 50 .00 @ 2.87 -2.89
tomthetrader: great ..in our range 2.75 -2.85
tomthetrader: A/D is bothersome for Bears / shorts
tomthetrader: 'c should not finish 2-1 +
(3:15 PM) ajayvee: isn't that us ?
tomthetrader: yes we are ...I am a it....Like Thomas !
(3:16 PM) Pete45: 2.890
tomthetrader: Look at the discount to cash on ESU9
(3:17 PM) ajayvee: 4.7 points?
(3:17 PM) hibuck2: SPX 894.73 /ESU9 890.25
(3:17 PM) Fulkdaddy: backwardation
(3:18 PM) Fulkdaddy: futures lower is backwardation...is that what you asked?
(3:18 PM) Fulkdaddy: This is good for longs
tomthetrader: SEPT Futures for Value guys like me are a steal
tomthetrader: I will add weekly
tomthetrader: 894.00 a WALL
(3:21 PM) ajayvee: one more run at the wall today?
tomthetrader: yes
tomthetrader: they will try...not much to hold it
(3:24 PM) hibuck2: NYSE AD +654
(3:24 PM) hibuck2: $PCRCO .78
(3:24 PM) eman11: NYSE AD +532
(3:25 PM) hibuck2: $TRIN 1.93 $TRIQE .81
tomthetrader: 30-40% long DXD 2x short Dow 5% in IWMRX puts on the IWM RUT
(3:27 PM) Fulkdaddy: Thank you, Tom...you have really been helpful...as usual. Get some rest my friend
(3:27 PM) jbljudy: Have a great weekend and God Bless our Vets!
(3:28 PM) Fulkdaddy: I do have a great family...including Grandma Judy
(3:28 PM) Harrod_t: AMEN
(3:28 PM) JR Roden: All the people who protect us are to be honored
(3:28 PM) jbljudy: I have a great Son!
(3:28 PM) eman11: Thanks Tom
(3:28 PM) JR Roden: Is he in the military Judy?
tomthetrader: God Bless The USA folks ...lucky we are here able to do this
(3:29 PM) jbljudy: No .. it is Dave here on the forum.
tomthetrader: Dave is like a Bro
(3:29 PM) jbljudy: Son
tomthetrader: Money manager extraordinare and great friend
tomthetrader: and family man
tomthetrader: with a BEAUTIFUL family
(3:29 PM) JR Roden: He is good. Have a great weekend all.
tomthetrader: as we all do !
tomthetrader: JR glad we could help this week
tomthetrader: singing at 4:00pm if RED
(3:31 PM) ajayvee: c'mon market stop at +0.01...please
(3:31 PM) JR Roden: I'm with you there AJ
(3:31 PM) redliontrader:
tomthetrader: my singing is that bad !
tomthetrader: Wow !
(3:31 PM) JR Roden: Otherise, maybe a drop to -400 would make the singing OK
tomthetrader: giving up profits to NOT HEAR ME SING
(3:32 PM) redliontrader: That's pretty bad when people are will to give up money
tomthetrader: Now that is rough
tomthetrader: I get no respect
(3:32 PM) redliontrader: maybe you are charging for the wrong service!
(3:32 PM) JR Roden: 891 seems to be support on the SPX.
(3:32 PM) steve_45_4: you mean I have to yell Die Bears LOL
(3:32 PM) hibuck2: could there be a deal between Twitter and Yahoo over the weekend with CNBC interview?
tomthetrader: I am breaking out the harmonica for a Bob Dylan song
(3:32 PM) JR Roden: Three bounces there in the past couple hours.
tomthetrader: Take some profits 10% off
(3:33 PM) steve_45_4: 50.46
tomthetrader: 50.47
tomthetrader: sold 10%
(3:34 PM) redliontrader: 50.47
tomthetrader: just might get a 50 point YM run
tomthetrader: stop on DXD at PP
tomthetrader: Puts 25% below
(3:45 PM) ajayvee: A/D volume hasn't changed much all day, narrow channel from +1.6:1 to -1.6:1
(3:46 PM) JR Roden: Back to support at 891
(3:46 PM) redliontrader: y jr.. i count 6x
(3:48 PM) ajayvee: on my! looks like tom may have to sing
(3:48 PM) steve_45_4: Oy
(3:48 PM) steve_45_4: a South FL word lol
(3:48 PM) JR Roden: OK, it would be worth it to hear Tom sing
(3:49 PM) eman11: Quick put an order in 10000000000000000 QLD
(3:49 PM) Fulkdaddy: Did I hear the American Idol Senior Edition warming up???
(3:49 PM) ajayvee:
tomthetrader: Nope even NY NY doesn't want me
(3:50 PM) frankie_01: thanks Tom for DXD, great call
(3:51 PM) frankie_01: have a good weekend and holiday everyone
(3:51 PM) JR Roden: My poor dog is so stressed out right now ...
(3:52 PM) Fulkdaddy: Tom, for the Newbies...if we go negative, you need to bellow out a few tunes!!!
(3:52 PM) redliontrader: u 2 frankie
(3:53 PM) Fulkdaddy: die bulls!!!
(3:53 PM) jbljudy: 'HOW ABOUT 'GOD BLESS AMERICA' - SING IT TOM!
(3:53 PM) TTTMichael: Tom, your buying exhaustion call around 2:30 this afternoon was right on.
(3:54 PM) Freezinalberta: Thanks Tom Made a little coffee money .50/share on DXD. Still have 30% stop at break even. Have a great weekend. Maybe a few beers will help you sing. I know it helps me.
tomthetrader: Thank you
(3:54 PM) steve_45_4: Oh No my speakers are sensitive
tomthetrader: VERY GOOD WEEK
(3:54 PM) steve_45_4: great week ty
(3:54 PM) redliontrader: did you guys ever hear a dead cat bounce. your about too..
(3:54 PM) TTTMichael: Yes, it was a good week. Best to your family this wekend.
(3:55 PM) ajayvee: a wonderful week, thanks tom
tomthetrader: No singing ..bad for your health !
(3:56 PM) redliontrader: I was green every day this week... Great calls all week long
(3:56 PM) netherbow1: thanks TOM - enjoy the long weekend everyone. Thxs for posts
(3:56 PM) Pete45:
tomthetrader: I am very hot hand though ....so let's keep it HOT
(3:56 PM) steve_45_4: OK then Die Bulls
(3:56 PM) JR Roden: How does this close affect our outlook for Tuesday ... still down?
tomthetrader: I may be the hottest market timer in the world right now ( Trying to get Thomas out )
(3:57 PM) ajayvee: the bulls have died today, let's hope they take an extra long weekend before coming back
(3:57 PM) steve_45_4: a good gap dowm Tue would be great
(3:57 PM) eman11: Awww Thomas you can sing - You deserve it! -
tomthetrader: Take your profits..at least enough to send a tip for singing lessons
(3:59 PM) eman11: I think what happened is the shorts over the last couple of months couldn't afford to go away this weekend, so they got play in the market this afternoon
tomthetrader: great job folks
(4:00 PM) steve_45_4: good one Eric
(4:00 PM) JR Roden: I took off the IWMRX - 2.93 to 3.25
(4:00 PM) steve_45_4: enjoy the Hamptons this weekend Eric lol
tomthetrader: THANK YOU ALL MUCH APPRECIATED
tomthetrader: HAPPY MEMORIAL WEEKEND
(4:01 PM) eman11: I wish. I don't have the big money yet, but I am trying.
tomthetrader: UPDATESALL WEEKEND
(4:01 PM) hibuck2: thankyou Tom
tomthetrader: enjoy !
(4:02 PM) energy2x: thank you Tom & Red
(4:02 PM) redliontrader: eman just keep building
tomthetrader: Only place who gives you all this plus more 24/7 tell your friends
(4:02 PM) redliontrader: have a good weekend erg..
(4:02 PM) Freezinalberta: Thanks tom for the invitation to the site. Paid for my subscription today.
tomthetrader: Thank you and WELCOME
(4:02 PM) eman11: Thanks Tom - Great timing with DXD and IWM puts You have been on fire lately.
tomthetrader: we look forward to a million of these !
tomthetrader: HOTTTTTTTTTTTTTTTTTTTTTTTTTTTTtttt
(4:03 PM) ajayvee: took some profits in BGZ and in IWM puts, what a great week, and still in positions to take advantage of Tuesday, Thanks tom!
tomthetrader: Thank you AJ ..way to stay patient
tomthetrader: great work
tomthetrader: RUT leading the drop as usual
tomthetrader: market is fried
(4:04 PM) eman11: Thanks RED for all your hard work with the Website
(4:04 PM) redliontrader: Ajay.. I took a couple of great scalps outta bgz today..
(4:04 PM) redliontrader: ur welcom
