(8:02 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:02 AM) Alert: Hi , Welcome to TTT
(8:02 AM) tomthetrader: another rally here
redliontrader: gm
(8:02 AM) tomthetrader: trying to get to break even
(8:02 AM) tomthetrader: Hi Red
(8:03 AM) tomthetrader: very volatile futures market for good gainsfor nimble traders
(8:03 AM) tomthetrader: 877 - 888
(8:04 AM) tomthetrader: Pre market has come roaring back since 6 a.m. lows
(8:04 AM) tomthetrader: especially banks / financials
(8:06 AM) netherbow1: Is the UTHR news that big or is the pop over already - not in
(8:18 AM) trend_5: now down
(8:26 AM) tomthetrader: Look to short 2000 TAN at open
(8:26 AM) tomthetrader: AAPL is a short
(8:27 AM) tomthetrader: DUG is a BUY
(8:27 AM) tomthetrader: DZZ
(8:29 AM) tomthetrader: ERX
(8:29 AM) tomthetrader: market is doing everything possible to stay above support
(8:30 AM) tomthetrader: Just keeps getting these "surprise" billion dollar basket buys at support
(8:34 AM) trend_5: nothing will help bulls
(8:36 AM) azags: erx is 3x energy bull whereas dug is ultrashort oil and gas. It doesn't make sense
(8:54 AM) trend_5: my price 88175
(8:55 AM) tomthetrader: ERY
(8:55 AM) tomthetrader: My spelling off
(8:56 AM) tomthetrader: I am bearish on OIL Gold Soalrs
(8:56 AM) tomthetrader: Bullish on buying puts on Growth
redliontrader: GM... If there is someone who trades futures could super IM.. I need an averagish $$ value for margin requirements for ES, NQ, TF and YM so we can track.. or email me redliontrader@gmail.com thxs
(9:00 AM) PremR: http://www.cmegroup.com/wrappedpages/clearing/pbrates/performancebond.html?group=CME%20INDEX%20FUTURES&type=OutrightRates&h=2&reporttype=marginrate
(9:00 AM) tomthetrader: 9;15 am audio update thank you prem
(9:00 AM) PremR: redlion, those are the overnight margin requirements from the CME website.
(9:04 AM) tomthetrader: Good Morning
(9:04 AM) ajayvee: g'mornin
(9:04 AM) energy2x: y
redliontrader: thxs prem..
(9:04 AM) Fulkdaddy: gm
(9:04 AM) steve_45_4: gm
(9:04 AM) TTTMichael: gm
(9:04 AM) westy322: gm tom
(9:04 AM) netherbow1: gm
(9:05 AM) hibuck2: gm
(9:16 AM) energy2x: y
(9:16 AM) westy322: y
(9:16 AM) ajayvee: y
(9:16 AM) hibuck2: y
(9:16 AM) azags: y
(9:16 AM) thomas_Poland: y
(9:17 AM) Fulkdaddy: y
(9:17 AM) netherbow1: y
(9:26 AM) Freezinalberta: Any of your subscribers or yourseAnybody here recommend a portable device that will interface with paltalk (which uses flash 10) or do you need a laptop?
(9:27 AM) dhmohan1963: tom did you send any list in which you plan to diffrent stocks
(9:27 AM) tomthetrader: Thank you !
(9:27 AM) Fulkdaddy: freezin, I would go to a paltalk help chat room and ask paltalk directly...let us know what you find
(9:27 AM) tomthetrader: No ..No long buys for today
(9:28 AM) dhmohan1963: in which you are interested for next few days
(9:29 AM) tomthetrader: yes I will release a list of 10 stocks I want to buy on the dip ...but I will not buy unless we get one
(9:29 AM) eman11: I did some research about 6-8 weeks ago and actually talked to paltalk and so far no portable device yet they said they are working on I=phone and Balckberry capability but no active yet - I bought a netbook for $250 and wireless broadband access to access paltalk from my work.
(9:31 AM) ajayvee: what was the buy price for SRS?
(9:32 AM) tomthetrader: 22.75
(9:32 AM) Fulkdaddy: Aruj, any thoughts on Treasuries...N. Korea and a falling stock market are giving them a bid this morning...although the supply this week is a big headwind
(9:33 AM) tomthetrader: 175 Billion
(9:37 AM) nimesh_: weid....ym, es down, and nq and tf up
(9:38 AM) Fulkdaddy: banks up
(9:38 AM) eman11: NYSE AD - 867
(9:39 AM) tomthetrader: Banks been rallying since lows 6:00am
(9:39 AM) hibuck2: $PCRCO .84
(9:39 AM) azags: you may soon be able to short again if the runup continues
(9:39 AM) hibuck2: $TRIN .81 $TRIQE
(9:40 AM) hibuck2: NYSE A/D -925
(9:41 AM) hibuck2: $TRIN 1.58 $TRIQE .48
(9:44 AM) Freezinalberta: Thanks eman. Let us know if you here about access from i-phone or blackberry, I will do same if I here about anything.
(9:44 AM) nimesh_: ok, this is really crazy difference etween nq, tf and ym and es
(9:44 AM) Fulkdaddy: a/d -377
(9:44 AM) eman11: I sure will.
(9:46 AM) ajayvee: wow, indexes go green!
(9:48 AM) billbTN: i''m still long es from 878
(9:48 AM) tomthetrader: Great trade
(9:48 AM) tomthetrader: we will add 10% to our DXD here
(9:49 AM) hibuck2: 50.87
(9:49 AM) hibuck2: 50.93
(9:49 AM) les13436: 50.93
(9:49 AM) tomthetrader: 50.84
(9:49 AM) tomthetrader: 50.94
(9:49 AM) billbTN: ok you convinced me to sell my longs at 884
(9:49 AM) steve_45_4: .90
(9:50 AM) azags: I am trying to buy qid a little bit lower as well as trying to sell qld june 34 calls to open alsoa bearish position
(9:51 AM) tomthetrader: Thanks Zags
(9:51 AM) tomthetrader: 22.44 SRS BUY
(9:51 AM) tomthetrader: 10%
(9:52 AM) tomthetrader: SRS 22.44 buy 10%
(9:53 AM) tomthetrader: Please look at AAPL puts and IWM puts IWM RX
(9:53 AM) tomthetrader: we will add 20 contracts of IWMRX here
(9:54 AM) billbTN: damn-should've held rather than succumb to peer pressure
(9:54 AM) les13436: 1.22
(9:54 AM) billbTN: oh well
(9:54 AM) eman11: 2.93-2.95
(9:54 AM) billbTN: i've been in and out-thx
(9:54 AM) tomthetrader: Think you are OK Bill...good trades
(9:55 AM) PremR: consumer confidence number in 5mins
(9:55 AM) azags: I bought 10000 qid at 37.5 and may try to buy more lower
(9:55 AM) Alert: ====SECURITY BULLETIN!=======
Please be wary of third party websites that ask you for your Paltalk password. If you access a website that does not end in 'paltalk.com' (for example, sites named paltalk.ru or paltalk.freenickname.com are not paltalk.com websites), you should never have to enter your Paltalk password. Paltalk cannot be responsible for 3rd party payments and any dispute must be between you and the person who paid for the account.
(9:55 AM) billbTN: ok shorting 3 es
(9:55 AM) tomthetrader: No need to talk about peer pressure....we all have pressure of sorts ...don't listen to anyone but yourself
(9:56 AM) trend_5: short 650
(9:56 AM) trend_5: 88650
(10:00 AM) tomthetrader: RALLY
(10:00 AM) thomas_Poland: news?
(10:00 AM) Fulkdaddy: Bensignor is taking a 1/2 short position in Tech now
(10:00 AM) PremR: consumer confidence bullish
(10:00 AM) nimesh_: ouch
(10:00 AM) steve_45_4: double ouch LOL
(10:00 AM) Fulkdaddy: Tom, I had a call and had to mute your voice update...did you go long or short here?
(10:01 AM) PremR: i pointed out that number was coming out and not to take positions in front of it.
(10:01 AM) tomthetrader: Short
(10:01 AM) tomthetrader: Thanks Prem
(10:01 AM) Fulkdaddy: Consumer confidence good
(10:02 AM) tomthetrader: (9:55 AM) PremR: consumer confidence number in 5mins
(10:02 AM) tomthetrader: ThAT was the warning
(10:03 AM) PremR: i think my comments were cut off by the alert from paltalk
(10:03 AM) tomthetrader: I see
(10:04 AM) Fulkdaddy: Can anyone see my posts?
(10:05 AM) tomthetrader: Yes
(10:05 AM) PremR: yes
(10:05 AM) energy2x: yes
(10:06 AM) thomas_Poland: hmm .. my plan is high of the week today and low thursday afternoon
(10:06 AM) PremR: gap fill from couple of days ago at 899.25
(10:06 AM) nimesh_: are we adding short?
(10:06 AM) tomthetrader: 896.00 20 contracts short
(10:07 AM) billbTN: shorting 3 more es
(10:07 AM) nimesh_: hmmmm, i wonder if confidence number was leaked
(10:07 AM) tomthetrader: ES M9 20 contracts short 896.00
(10:09 AM) PremR: nimesh...do you really think this is a fair game?
(10:09 AM) nimesh_: hah, of course not
redliontrader: Did you want to sell the ESU09's in MAIN here?
(10:09 AM) tomthetrader: it is only fair when we win !
(10:10 AM) tomthetrader: We sold the SEPT at Break even longs
redliontrader: K
redliontrader: last night?
(10:10 AM) tomthetrader: It was sent in a e-mail this weekend
(10:10 AM) tomthetrader: Yes
redliontrader: K
(10:12 AM) tomthetrader: so the only futures we should have is 20 ES short from 896.00 stop 904
(10:12 AM) PremR: got Gap fill at 899.25
(10:12 AM) tomthetrader: we will add 10 ES short limit at 900
(10:13 AM) tomthetrader: should reverse this emotional gap up
(10:13 AM) PremR: on es every 5min bar has made a higher high since the open
(10:13 AM) Alert: Pres Obama is about to announce his Supreme Court nominee LIVE News Talk Online Radio/TV Section [Free Video]
(10:14 AM) tomthetrader: especially off the lows of 875 ..that is 25 quick ES points
(10:14 AM) tomthetrader: NQ was a trememndous run up
(10:17 AM) dhmohan1963: 4% on dxd trailing stop loss correct me if i misunderstood
(10:17 AM) tomthetrader: yes at 10:30
(10:18 AM) tomthetrader: DAVRF 25 at 2.15
(10:19 AM) tomthetrader: Buy 20 contracts of DAVRF at 2.15
(10:19 AM) thomas_Poland: I will look for short opp at around 10:50
(10:20 AM) tomthetrader: Market gas 6 hours to fall
(10:20 AM) tomthetrader: Rally in NQ was simply breathtaking
(10:22 AM) thomas_Poland: we should close negative today
(10:22 AM) steve_45_4: ty for saying that Thomas
(10:22 AM) thomas_Poland: steve .. do you want me to say anything else ??
(10:23 AM) steve_45_4: that is enough lol
(10:24 AM) tomthetrader: HOD
(10:24 AM) tomthetrader: TRAPPED BEARS
(10:25 AM) tomthetrader: UNH High call volume
(10:26 AM) tomthetrader: againadding more SRS here
(10:27 AM) hibuck2: SRS 21.39
(10:27 AM) tomthetrader: Traders 100% short
(10:27 AM) tomthetrader: Main 100% cash
(10:27 AM) tomthetrader: IRA 100% cash
redliontrader: I have 110%... 20 furnture contracts I have as 40%
(10:29 AM) Freezinalberta: Breakdown of traders portfolio please
(10:29 AM) tomthetrader: OK leveraged long here ..and we will move 10% to main and add TYP here in Main
(10:30 AM) tomthetrader: TYP added to main fund
(10:30 AM) Fulkdaddy: TYP 26.80
(10:30 AM) hibuck2: TYP 26.80
(10:31 AM) tomthetrader: OK
(10:31 AM) tomthetrader: will send out a e-mail
redliontrader: how much TYP?
(10:31 AM) tomthetrader: 10% or 1000 shares in Main fund
(10:37 AM) tomthetrader: 904 breaking out on SPX
(10:38 AM) tomthetrader: IWM RX 10% in back of bid stops
(10:40 AM) nimesh_: tom, what is the stop on es?
(10:41 AM) tomthetrader: 904
(10:41 AM) hibuck2: SRS Stop? or not untill tomorrow?
(10:41 AM) tomthetrader: not until tomorrow
(10:42 AM) hibuck2: thankyou
(10:42 AM) steve_45_4: are you out of ES since high of 904.25 or still in ?
(10:42 AM) tomthetrader: stillin
(10:42 AM) steve_45_4: ty
(10:44 AM) hibuck2: $TRIN 1.01 $TRIQE .37
(10:44 AM) hibuck2: $PCRCO .70
(10:44 AM) tomthetrader: Thank you
(10:45 AM) tomthetrader: Dramatic Gap open on a seasonally BAD day
(10:45 AM) tomthetrader: very dramatic
(10:45 AM) hibuck2: NYSE A/D +1743
(10:45 AM) tomthetrader: 3-1 on all indices ...looks like a BULL
(10:46 AM) thomas_Poland: the guy at tradingtheodds wrote nice research about VIX this week
(10:47 AM) tomthetrader: HOD
(10:47 AM) tomthetrader: very bullish against all odds
(10:49 AM) hibuck2: hard to believe consumer confidence is that strong everybody I know is pretty pitted!!
(10:50 AM) PremR: tell me about it...my house has been on the mkt for over 60days and only 2 people have looked at it.
(10:51 AM) tomthetrader: 1402 NDX 1410 resistance ...very bullish move trapping all bears here
(10:51 AM) JR Roden: This was TP's time to look at going short
(10:51 AM) tomthetrader: HOD
(10:51 AM) thomas_Poland: yes
(10:52 AM) thomas_Poland: I am looking to go short
(10:52 AM) thomas_Poland: if indicators allow
(10:52 AM) thomas_Poland: next time is around 11:20
(10:52 AM) JR Roden: Good to have you and the Seiko around
(10:52 AM) tomthetrader: very bullish run after 3-4 days down ...lot of pent up CASH
(10:52 AM) tomthetrader: very good trade long by the Bulls
(10:53 AM) tomthetrader: don't know anyone long but if there were I would congratulate them on a beautiful call
(10:53 AM) tomthetrader: ES stopped
(10:53 AM) tomthetrader: ES stopped out with large loss at 904
(10:54 AM) Freezinalberta: dxd stopped out?
(10:54 AM) tomthetrader: I do not believe we are down 4% since 10: 30am ?
redliontrader: I have DXD stop at 47.32 - current price 48.88
(10:56 AM) tomthetrader: Thank you
(10:58 AM) hibuck2: DOW lows of 5/15/09 - 8230.17, 5/21/09 - 8221.01 , 5/26/09 - 8226.90 must be big resistance
(11:00 AM) tomthetrader: Support there and in the ES futures a lot STRONGER IN A BULL MARKET
(11:00 AM) thomas_Poland: market is still at the levels it was at around 10:50
(11:00 AM) thomas_Poland: this time was important but may be only a stop for the move higher
(11:00 AM) tomthetrader: and last Monday
(11:02 AM) eman11: To move down we need break 901.50 on the ES. lots of support on ES 901.50-902.25
(11:02 AM) hibuck2: $TRIN 1.69 $TRIQE .43
(11:03 AM) hibuck2: $PCRCO .70
(11:03 AM) hibuck2: NYSE A/D +1831
(11:05 AM) tomthetrader: There is Eric's 901.50
(11:05 AM) tomthetrader: Let's see if he can work some majic here
(11:07 AM) Fulkdaddy: Banks dropping fast
(11:08 AM) tomthetrader: UYG up .13
(11:08 AM) tomthetrader: 901.50 holding per Eric
(11:08 AM) tomthetrader: 1403 NQ won't budge
(11:09 AM) tomthetrader: Dave did our new trader newsletter get stopped ?
(11:10 AM) Fulkdaddy: No. The stop on IYW short is at 42.47 and IYW is at 41.789
(11:10 AM) tomthetrader: do you think it is a good entry here ?
(11:11 AM) tomthetrader: did you take the trade ?
(11:11 AM) Fulkdaddy: In fact, he is all in now...on both positions...as he took 1/2 short between 9:45 and 9:55 am and the other half between $41.45-41.55
(11:11 AM) tomthetrader: OK
(11:11 AM) Fulkdaddy: I took the 2nd short piece so yes
(11:12 AM) tomthetrader: Thanks Dave
(11:13 AM) tomthetrader: 901.50
(11:13 AM) tomthetrader: seems like a bounce from there
(11:15 AM) ajayvee: ..and licking our wounds
(11:16 AM) tomthetrader: 60 minutes into most short trades
(11:16 AM) thomas_Poland: P/C 0.69
(11:16 AM) tomthetrader: just poor luck and bad entries on these
(11:18 AM) Fulkdaddy: 11:20 coming up Thomas
(11:19 AM) thomas_Poland: yep
(11:19 AM) thomas_Poland: and 10:50 is still active as we still are in the same place
(11:19 AM) thomas_Poland: if wee go higher I look at around 12:30
(11:20 AM) les13436: Tom: Do you have the G100 Sentiment Survey for today?
(11:24 AM) tomthetrader: yes
(11:24 AM) tomthetrader: 70% bearish
(11:25 AM) JR Roden: This run is looking tired. I took a small short position here, w/a tight stop.
redliontrader: GM .. I am in the backoffice here scrambling to keep up with Tom's trades.. And trade too... We have added support of futures and options now.. thank you Yahooo.. quotes are delayed.. I have two stops I am tracking.. DXD I have at 47.32 and IWM RX 10% stop I have at 2.07..
(11:26 AM) eman11: Thanks Red - Great Job
(11:27 AM) tomthetrader: Thank you RED
redliontrader: Bogdan asked for a closed trade view which is now available: http://pv.ttthedge.com/2009/05/closed-trades.html
(11:28 AM) thomas_Poland: really red you are making great job with all this
(11:28 AM) thomas_Poland: I tracked Tom for about a year and I know how hard it is
redliontrader: Plz look over the math, particularly on the futures since I don't trade futures and those $values/point are different then other instruments
(11:30 AM) tomthetrader: Yes Thomas ...It is a job ...you did a wonderful job...those were great days
(11:30 AM) Freezinalberta: Thanks Red for all you do to ehlp us. great site, clear and precise.
(11:32 AM) thomas_Poland: red does it let's say 'more professionally'
(11:32 AM) thomas_Poland:
(11:32 AM) thomas_Poland: I could not keep up with you even using only Excel
redliontrader: Bull is looking tired here..
redliontrader: TP did you go short yet?
(11:34 AM) thomas_Poland: no
(11:34 AM) thomas_Poland: not yet
(11:35 AM) thomas_Poland: maybe we will have to wait till 12:30
(11:37 AM) tomthetrader: very bullish aCTION IF it holds into close...willl seal the deal, on a Bull as seasonality and characteristics are so BULLISH
(11:38 AM) tomthetrader: ES futures very bullish zone up to 944 if no break here today or tomorrow
(11:39 AM) Fulkdaddy: Helene said we could rally into the end of the week and early next
(11:39 AM) tomthetrader: been very wrong ...but good
(11:39 AM) Fulkdaddy: and it would end on Friday or early next week
(11:39 AM) Fulkdaddy: GM bankruptcy also next Monday
(11:40 AM) Fulkdaddy: Lear on Tuesday
(11:40 AM) tomthetrader: Big IF htere .
(11:40 AM) tomthetrader: HOD YM
(11:40 AM) eman11: GM bankruptcy already price in.
(11:41 AM) thomas_Poland: if we will not selloff today and make higher high tomorrow I think that top of the week will be Thursday afternoon
(11:41 AM) thomas_Poland: but if we selloff hard top is today
(11:43 AM) thomas_Poland: ascending triangle on 5 min chart
(11:43 AM) thomas_Poland: so maybe another run into 12:30
(11:48 AM) eman11: Are we stopped out on IWMRX
(11:51 AM) tomthetrader: Looks like it
(11:51 AM) tomthetrader: close
(11:52 AM) tomthetrader: HOD all over ....very telling on a day that should have been 100% down ....we now have a HUGE rally that is being supported by the possiblilty of a Comeback min the consumer ...whom accounts for a large segment of GDP
redliontrader: IWM RX STOP @ 2.07
(11:54 AM) tomthetrader: Thanks RED
(11:57 AM) tomthetrader: coming up on 1410 NQ and the huge t4est
(11:58 AM) tomthetrader: a break through there and all bears will be knocked out for a ride
(11:58 AM) tomthetrader: 905.50 HOD ES
(11:59 AM) tomthetrader: 910 -914 st resistance but the Bulls have the ball ...we are on a TTT SELL signal at 906 ES 907.00 SPX
(11:59 AM) tomthetrader: again we are on a TTT SELL signal at 907 SPX cash
(11:59 AM) tomthetrader: which means we should get a 3% correction in 72 hours
redliontrader: that A/D line show now weakness... I see higher highs on lower tick values and lower volume.. I added a scalp short here (shorted QLD... tight stop)
(12:03 PM) tomthetrader: Thanks Red
(12:03 PM) tomthetrader: NYA vs DOW weak too
(12:03 PM) tomthetrader: but we will see
(12:05 PM) hibuck2: NYSE A/D +1946
(12:05 PM) hibuck2: $PCRCO .67
(12:05 PM) tomthetrader: BULL
(12:05 PM) tomthetrader: ISH
(12:05 PM) tomthetrader: TAPE
(12:05 PM) tomthetrader: For all the news
(12:05 PM) hibuck2: $TRIN 1.61 $TRIQE .41
(12:06 PM) tomthetrader: amazing rally...I am losing unrealized money but have to congratulate the Bulls ..they have trapped us bears 4-6 times in this 100% rally
(12:07 PM) tomthetrader: Man there were a ton of bears caught short this a.m. WOW
(12:08 PM) hibuck2: I would think North Korea would mean a bit more to the market'
(12:08 PM) tomthetrader: seems ridiculous after all the previous fake breaks and we hit 875 ish and bounced
(12:09 PM) tomthetrader: The action is typical BULL ...lull unsuspecting shirts in and run them over
(12:09 PM) dpotter: agreed hibuck....told my wife last night at dinner that i'm about to start trading as irrationally as the market....
(12:10 PM) hibuck2: Nuclear weapons vs consumer confidence hmm
redliontrader: .13 scalp short on QLD.. Yeah.. money on a short
(12:11 PM) tomthetrader: short term TRADERS MARKET !
(12:12 PM) tomthetrader: Way to go RED
(12:12 PM) tomthetrader: a profit !
(12:12 PM) tomthetrader: maybe we restart the trend ?
(12:12 PM) DE_TTT: European Markets Closing Prices: FTSE: 4415.0 +49.7 +1.1%, DAX: 4991.6 +73.2 +1.5%, CAC: 3270.1 +33.9 +1.1%
(12:13 PM) tomthetrader: NQ the most shockingas growth may be limited but the strength in these high betas is really shocking to me and I think I have seen it all
(12:13 PM) tomthetrader: Thanks DE and That is after a 1-2% down morning !
(12:13 PM) tomthetrader: Huge comeback for European markets
(12:16 PM) hibuck2: Tom I know stop out of IWM RX ,I bought IWM SX @ 3.30 thoughts?
(12:17 PM) tomthetrader: should be agreat buy
(12:17 PM) arujunaa: with today's stock surge, bonds have reversed their o/n gains. with alot of supply this week, we have broken some support levels and i would not be surprised to see further weakness. for example, tym9 is at 119.00 with good support at 118.75 for today. but a more realistic target is 118.00 over the coming days. possibly lower if stocks continue to rally to 950.
(12:18 PM) tomthetrader: but no guarantees on this BULL ..it has rested for several weeks and may want to asound us all
(12:18 PM) tomthetrader: Amazing Aruj ...all the supply
(12:19 PM) Fulkdaddy: Thanks, Aruj
(12:19 PM) arujunaa: for tlt followers, i would watch for usm9 to reach 116.75/117.50 before looking to buy
(12:21 PM) tomthetrader: Thank you
(12:23 PM) tomthetrader: another HOD here
(12:23 PM) tomthetrader: relentless buying on the ask in key stocks and sectors
(12:24 PM) tomthetrader: That daily chart of ES is TELLING !
(12:25 PM) tomthetrader: 875 ish to 905 ish in a heartbeat
(12:25 PM) tomthetrader: that is a ton of lost / made money
(12:25 PM) Fulkdaddy: Rut leading
(12:25 PM) tomthetrader: very bulllish dave
(12:25 PM) tomthetrader: VERY VERY BULLISH
(12:26 PM) tomthetrader: we have a 4x top on the 20 day charts
(12:26 PM) hibuck2: NYSE A/D +1985
(12:26 PM) tomthetrader: all with lower highs
(12:26 PM) Fulkdaddy: trend day
(12:26 PM) hibuck2: $PCRCO .68
(12:27 PM) hibuck2: $TRIN 1.54 $TRIQE .43
(12:29 PM) tomthetrader: Amazing
redliontrader: i have 65% short traders
(12:30 PM) thomas_Poland: ok 12:30
(12:30 PM) thomas_Poland: lets see if we can go lower now
(12:30 PM) thomas_Poland: or soon
(12:30 PM) thomas_Poland:
(12:30 PM) thomas_Poland: if not I will wait until 2:35-2:40
redliontrader: 10% short main...
(12:30 PM) thomas_Poland: we have some nice Fibs here and some good lines .. we should now at least move down
(12:30 PM) thomas_Poland: at least few points
(12:31 PM) tomthetrader: Thanks RED and Thomas !
redliontrader: I took another short scalp on QLD at 34.74
(12:33 PM) thomas_Poland: now I am watching indicators
(12:33 PM) thomas_Poland: if they allow I go short
(12:36 PM) tomthetrader: Consumers are back buying cars houses and AAPL computers ...what a boom !
(12:36 PM) tomthetrader: ( sarcastic)
(12:36 PM) tomthetrader: But it may have been a real BULL TRAP ?
(12:37 PM) tomthetrader: HOD on many indices again...Trend day in place
(12:37 PM) tomthetrader: and one if the first UP day after memorial days on a down pre in HISTORY
(12:37 PM) thomas_Poland: close negative ??
(12:37 PM) thomas_Poland:
(12:38 PM) berniectx: thought your piece over the weekend was very interesting about all the commercial loans coming due and very little credit to re fi them???
redliontrader: stoped b/e on the scalp..
(12:40 PM) eman11: Isn't is close yet? (J.K.)
(12:40 PM) eman11: Isn't it close yet
(12:48 PM) tomthetrader: case shiller says the bottomis in
(12:48 PM) tomthetrader: as bad as it can get
(12:48 PM) tomthetrader: Homebuilders and Tech leading
(12:49 PM) tomthetrader: 'two areas I thought would lag
(12:49 PM) tomthetrader: GOOG over 400
(12:50 PM) tomthetrader: BAC down but 90% up
(12:50 PM) thomas_Poland: fu...credible
(12:51 PM) tomthetrader: BLOWOFF
(12:51 PM) tomthetrader: 1999 all bears capitulate at once
(12:52 PM) tomthetrader: UNREAL on 1 consumer conf index
(12:52 PM) thomas_Poland: POLL: Afternoon selloff??
(12:52 PM) tomthetrader: 4% gains all over
(12:52 PM) tomthetrader: what a set up for the Bulls a rocket shot following 4 days down
(12:52 PM) tomthetrader: No chance ....10,000 by 2pm !
(12:53 PM) thomas_Poland:
(12:55 PM) eman11: Unbelievable
(12:59 PM) Fulkdaddy: bkx is soaring
(12:59 PM) eman11: Will 910 hold or will it break through?
(12:59 PM) tomthetrader: 914
(1:03 PM) hibuck2: NYSE A/D +2056
(1:04 PM) hibuck2: $PCRCO .69
(1:04 PM) hibuck2: $TNX 34.80
(1:04 PM) hibuck2: $TRIN 1.53 $TRIQE .32
(1:04 PM) thomas_Poland: tax payers make in stock marekt what they paid to GM and other loosers
(1:04 PM) thomas_Poland:
(1:11 PM) dhmohan1963: what is plan for srs i bought with all i did not hear any stop loss trails
(1:16 PM) tomthetrader: Jus t hold and put in a stop loss now
(1:16 PM) tomthetrader: Lots of housing data this week
(1:17 PM) tomthetrader: should be invigorating
(1:17 PM) dhmohan1963: 4%
(1:17 PM) tomthetrader: I missed the markets signals ...and now we are a few hours into some large unrealized/ realized losses
(1:17 PM) tomthetrader: Yes 4%
(1:19 PM) tomthetrader: 910 and 914 then 925 all areas of support resistance
(1:19 PM) tomthetrader: The clues to a 100-200% Bull have been here ..I have missed today's !
(1:20 PM) Freezinalberta: Tom, I am underinvested in traders, should I hold off on SRS or would you buy at this level. txs
(1:20 PM) tomthetrader: 3-5% gains across the board..TREND day looking for a bottom in housing and the consumer all TODAY !
(1:21 PM) tomthetrader: I would thank good ness you were underinvested and look for small PUT positions in SPY DIA QQQQ IWM
(1:28 PM) tomthetrader: GM taking off now too
(1:28 PM) tomthetrader: going to top 910 quickly...shoot for 914 on the FTD fromlast monday ?
(1:29 PM) tomthetrader: Government to supply MASSIVE assistance to GM '
(1:29 PM) tomthetrader: US takeover of GM
(1:29 PM) tomthetrader: Market will top 910 quickly
(1:30 PM) tomthetrader: all indicators on SELL signals 1-5 days out
(1:32 PM) tomthetrader: If we close here (up 2.5%), it would be the 10th-largest gain in the S&P since '50 on the day following a holiday
(1:33 PM) tomthetrader: 1st largest for post memorial day and only 3rd time ever up day post memorial ever
(1:33 PM) tomthetrader: whenpre was down
(1:33 PM) tomthetrader: 910 ES still resistance and 1410 NQ resistance
(1:34 PM) tomthetrader: Never seen so many "gurus" wrong ever...a good tell of a Bull market
(1:34 PM) tomthetrader: now we have to get ourselves out of this mess
(1:35 PM) Fulkdaddy: low volume
(1:46 PM) hibuck2: NYSE A/D +2071
(1:46 PM) hibuck2: $PCRCO .70
(1:47 PM) hibuck2: $TNX 34.65
(1:47 PM) tomthetrader: wall areas of resistance about to break for the 4th time this month
(1:47 PM) hibuck2: $TRIN .70 $TRIQE .35
(1:47 PM) tomthetrader: 1410 broken NQ
(1:47 PM) tomthetrader: 910 almost
(1:47 PM) tomthetrader: DOW 8500
(1:47 PM) tomthetrader: RUT 505
(1:48 PM) tomthetrader: all challenged here
(1:51 PM) tomthetrader: again still on aTTT SELL SIGNAL form this a.m.
(1:51 PM) tomthetrader: we need a 3% correction from here for a successful trade
(1:52 PM) hibuck2: Put some FOOD in front of the bears den
(1:52 PM) tomthetrader: no bears left now just liars .....
(1:53 PM) hibuck2: my longs are up but not as powerfull as the market
(1:56 PM) thomas_Poland: Close negative today??
redliontrader: Check out Live Charts: http://pv.ttthedge.com/2009/05/live-charts.html - only 2 of the N100 symbols are down today FSLR and CEPH.. since 1:00 N100 A/D straight line, Dow @ 100%
(1:56 PM) thomas_Poland: Anybody believs that ?
(1:56 PM) Fulkdaddy: I hope so Thomas!
(1:57 PM) Fulkdaddy: feels like a trend day
(2:00 PM) thomas_Poland: feels like but normally on trend day TICK would not spend time below 0 line
(2:00 PM) thomas_Poland: and today we got negative many times
(2:00 PM) eman11: Glimmer of hope? in this latest move up -TF has lagged behind a little bit.
(2:00 PM) thomas_Poland: so chances are it is not a trend day
(2:00 PM) thomas_Poland: but A/D line strong agian
(2:00 PM) Fulkdaddy: cool!
(2:01 PM) thomas_Poland: and today all those people trading simple overbought SToch or other oscilator are f...d
(2:01 PM) thomas_Poland: which means forked
(2:01 PM) thomas_Poland: of course
(2:02 PM) eman11: I hope your right, about not being a trend day
(2:03 PM) eman11: maybe not new HOD for SPX
(2:05 PM) tomthetrader: allindices new HOD GM leads the charge
(2:05 PM) tomthetrader: and penny stocks and calls on tech
(2:05 PM) tomthetrader: similar to 1999
(2:06 PM) tomthetrader: 912 SPX
(2:06 PM) tomthetrader: 914 next stop
(2:06 PM) tomthetrader: then 925
(2:06 PM) tomthetrader: 944
(2:06 PM) tomthetrader: 975
(2:06 PM) tomthetrader: 1000
(2:06 PM) tomthetrader: URE up 10%
(2:07 PM) dhmohan1963: are we changing our position
(2:08 PM) Fulkdaddy: I'm sticking with the TTT sell signal...sometimes it is early but usually right
(2:08 PM) tomthetrader: not yet ..on a sell signal
(2:09 PM) tomthetrader: 1.8 million contracts on ES
(2:09 PM) tomthetrader: Remmeber my missive about buy SEPT LONG ES ?
(2:09 PM) tomthetrader: I think alot of bears are getting out of JUNE shorts
(2:10 PM) tomthetrader: 1.8 Mil at 2:00pm
(2:10 PM) tomthetrader: just think what the last hour would bring especially if we happened to reverse?
(2:10 PM) tomthetrader: would be dynamic market action
(2:10 PM) tomthetrader: FAZ 4.96
(2:11 PM) tomthetrader: SRS 20.10
(2:11 PM) tomthetrader: Q's back to 35.00
(2:11 PM) thomas_Poland: I really start to think that market trades against xtrends
(2:12 PM) thomas_Poland: whenever they think they finally got it market proves it gives a sh ... about xtrends
(2:12 PM) thomas_Poland: sorry .. had to say this
(2:18 PM) hibuck2: computers doing all the buying? there saying no retail?
(2:20 PM) eman11: My computer must be broken it sold
(2:20 PM) tomthetrader: still PRICE PRICE PRICE
(2:20 PM) hibuck2: NYSE A/D +2122
(2:20 PM) tomthetrader: everything else is tertiary
(2:20 PM) hibuck2: $PCRCO .72
(2:20 PM) hibuck2: $TRIN .66 $TRIQE .36
(2:21 PM) eman11: 910 on ES providing strong resistance - hope it holds
(2:22 PM) JR Roden: Q's were hugging an uptrend line from about 10am this morning and it just gave way. Is that the end of the run for now?
(2:23 PM) tomthetrader: JR ...you are the Q's pro/ 1410 needs to crack AGAIN ...it has been the big number
(2:26 PM) tomthetrader: we have hit the most extreme overbought short term levels since March 9th on my intraday bands
(2:28 PM) eman11: ES below 910 now if NQ can get below 1410 we could be in business
(2:31 PM) tomthetrader: Thank you
(2:31 PM) tomthetrader: 1410 NQ
(2:38 PM) les13436: If this was a bear market rally and the average bear market rally lasts 46 trading days than today is the last day of this BM rally.
redliontrader: Nice stat les
(2:43 PM) les13436: This run seems a little tired.
(2:44 PM) nimesh_: might just be a puase
(2:44 PM) tomthetrader: yes well add TZA here into the 3:00pm
(2:44 PM) tomthetrader: please confirm price as we will go 100% short again and ADD TZA here
(2:45 PM) tomthetrader: TZA added at --.--
(2:46 PM) tomthetrader: Test
(2:46 PM) tomthetrader: TZA
(2:46 PM) tomthetrader: 15% ADDED AT
(2:46 PM) eman11: 25.27-25.28
(2:47 PM) tomthetrader: tHANKS e
(2:47 PM) tomthetrader: Or Thanks E
(2:47 PM) azags: I welcome this explosion today when I went short because it helps humble us in the market. Nevertheless I am holding my shorts in qid and naked qld calls
(2:47 PM) eman11: ym
(2:48 PM) tomthetrader: short term sell signal triggerred this am...should get us 3% lower by Friday
(2:48 PM) tomthetrader: I am humbled with no fron teeth Zags..totally kicked out chasing some Bull !
(2:48 PM) tomthetrader: I can't say frint as my teth are missing
(2:49 PM) tomthetrader: 'front
(2:49 PM) tomthetrader: FRONT
(2:49 PM) azags: yes but the shorts will prevail short term
(2:50 PM) tomthetrader: very similar to 99 and 2002
(2:53 PM) azags: Whenever I have been successful in the market and i have been lately, i need to be kicked in the teeth so that I do not feel invincible even though I am holding on to my shorts and I am confident
(2:55 PM) JR Roden: Back under 1410 ... that's nice to see.
(2:57 PM) hibuck2: i see a bears nose!!
(2:58 PM) tomthetrader: Zags : you are a great asset
(2:59 PM) azags: thanks and we also need some hard assets today
(3:00 PM) ajayvee: die bulls!
(3:01 PM) Tradediver2: Hello I have a problem with some positions that I hold at General Motors
(3:01 PM) Tradediver2: could anyone help me please?
(3:01 PM) eman11: A 3% correction from 911 is 883-884.
(3:03 PM) hibuck2: $PCRCO .73
(3:03 PM) hibuck2: $TNX 34.93
(3:04 PM) hibuck2: $TRIN 1.30 $TRIQE .36
(3:04 PM) hibuck2: NYSE A/D +2097
(3:12 PM) steve_45_4: market jsut wont stay down
(3:13 PM) thomas_Poland: how did you like 2:40 call?
(3:13 PM) thomas_Poland:
(3:13 PM) thomas_Poland: but I still havve no confirmation
(3:13 PM) thomas_Poland: from indicators
(3:13 PM) thomas_Poland: so still not short
(3:13 PM) thomas_Poland: hopefully we will move down soon
(3:16 PM) Fulkdaddy: here we go???
(3:17 PM) thomas_Poland: hopefully I shorted a little higher
(3:17 PM) thomas_Poland: than we are now
(3:17 PM) thomas_Poland: for day trade
(3:17 PM) thomas_Poland: want few points .. risk 3 or 4 points
(3:17 PM) Fulkdaddy: great entry Thomas
(3:18 PM) Fulkdaddy: Tom, great call getting back to 100% short
(3:18 PM) JR Roden: Let's see us get back under 904 again.
(3:18 PM) thomas_Poland: we will see if it is good when I cover
(3:19 PM) thomas_Poland: it still can be loss
(3:19 PM) thomas_Poland: I wll be in this trade less than 20 mins
(3:20 PM) Fulkdaddy: What do you see intermediate-term Thomas?
(3:20 PM) thomas_Poland: int term top
(3:20 PM) Fulkdaddy: how low do we go...840?
(3:20 PM) thomas_Poland: if we selloff today and open lower tomorrow we go down to Thursday afternoon
(3:21 PM) thomas_Poland: but if we make higher high tomorrow we go up
(3:21 PM) thomas_Poland: I do not know ..
(3:21 PM) thomas_Poland: I prefer time not price
(3:30 PM) tomthetrader: Hate 3x etf's
(3:30 PM) tomthetrader: skews all data
(3:38 PM) hibuck2: NYSE A/D +2074
(3:39 PM) hibuck2: $TNX 34.93
(3:39 PM) hibuck2: $TRIN 1.22
(3:39 PM) hibuck2: $TRIQE .34
(3:41 PM) ajayvee: Naz A/D +1400 Vol +8.3:1 ** NYSE A/D +1970 Vol +4.5:1
(3:45 PM) Fulkdaddy: We could use a sell program here
(3:46 PM) tomthetrader: or 10
(3:46 PM) tomthetrader: 20 to close unch
(3:46 PM) ajayvee: I would luv to sell all I have, but then I would have to realize all these losses "-(
(3:46 PM) tomthetrader: we are OK
(3:46 PM) tomthetrader: Don't realize losses on 4 hour trades
(3:47 PM) tomthetrader: last 24 days 13 up 11 down
(3:47 PM) tomthetrader: 14 sessions of one up one down
(3:47 PM) ajayvee: I'm hanging in
(3:48 PM) tomthetrader:
(3:48 PM) eman11: Me Too
(3:48 PM) tomthetrader:
(3:49 PM) ajayvee: but I may send Reuters and anonymous email about huge unforseen real estate losses
(3:49 PM) tomthetrader: another spike in call buying
(3:49 PM) thomas_Poland: stop breakeven
(3:50 PM) hibuck2: $PCRCO .71
(3:53 PM) tomthetrader: IWMRX 1.98 buy 50
(3:55 PM) tomthetrader: Good luck folks ...we willupdate you tonight and ahve some good research for you tomorrow
(3:56 PM) tomthetrader: again we ahve ahd up down days for the month of May with a possible 2x 3x 4 x top here in all indices
(3:57 PM) tomthetrader: TRADERS and Main Fund short 100% and 20% IRA 100% cash
(3:59 PM) hibuck2: NYSE A/D +2092
(3:59 PM) hibuck2: $PCRCO .70
(3:59 PM) hibuck2: $TRIN 1.56 $TRIQE .28
(3:59 PM) tomthetrader: 910 holdson close
(4:00 PM) tomthetrader: 910.00
(4:00 PM) tomthetrader: spx
(4:00 PM) tomthetrader: 908 ES
(4:01 PM) ajayvee: holiday-like volume
redliontrader: very strong day.. Tom Review our portfoilos.. don;t know how I am out of sync http://pv.ttthedge.com/2009/05/all-portfolios.html
(4:03 PM) tomthetrader: Thank you all...tomorrow a better day
redliontrader: ajay... i didn't see volume as too bad.. down 5% from past 5 days, down 10% from 20 day average
(4:04 PM) ajayvee: seems weak for such a big bull rally though
(4:04 PM) tomthetrader: just enough to be annoying right AJ ?
(4:05 PM) tomthetrader: a convincing break of NQ 1410 Bull tech
(4:05 PM) eman11: Tom - how are your indicators on the close.
redliontrader: yes, true enough aj.. something a little fake about the price action today
(4:06 PM) Fulkdaddy: I am with AJ, a 3% up day with low volume...bear market rallies typically end in low volume
(4:06 PM) ajayvee: very annoying!!
(4:10 PM) netherbow1: nite everyone - thxs for posts today
(4:10 PM) ajayvee: g'nite nether
(4:11 PM) eman11: Tom - just curious - what made you decide to go back to 100% short at the end of the day.
(4:11 PM) ajayvee: yes, curious myself
(4:13 PM) tomthetrader: because of my indicators
(4:13 PM) tomthetrader: all on sell signals ...still
(4:13 PM) tomthetrader: and if we are going to drop we are going to do so soon
(4:14 PM) ajayvee: that's what i figured and that's why i'm short
(4:14 PM) tomthetrader: we are as extended as ever on the 1-5 level
(4:15 PM) tomthetrader: drifting back to 1410 on NQ like we have done 4x previously
(4:15 PM) tomthetrader: up 50 NQ
(4:15 PM) tomthetrader: equity only P/C pegged out AGAIN
(4:16 PM) tomthetrader: 3rd time in a 10 day span
(4:16 PM) tomthetrader: can't buy many more calls over a 10 day period
(4:16 PM) tomthetrader: really over a 3 months period
(4:22 PM) tomthetrader: 1410.50 on NQ really trsting and probing
(4:22 PM) tomthetrader: Housing data tomorrow
