(7:46 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(7:46 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(7:56 AM) tomthetrader: GM
(7:56 AM) netherbow1: good morning
(8:05 AM) ajayvee: GM needs another $50B, US owns 70%, UAW owns 20%. Can you imagine those board meetings?....just let it die and move on!
(8:09 AM) tomthetrader: We are in a momentum area that feeds on itself ..hard to turn thisaround ..people are doubling down on their 401 k losses and inflows are up so money managers buy buy buy
(8:09 AM) tomthetrader: and yesreday was a "capitulation" short squeeze day for bearish types like us
(8:09 AM) tomthetrader: as there was not much real buying going on
redliontrader: futures sliding pretty good right here
(8:17 AM) tomthetrader: wonder if it is another setup ?
(8:18 AM) tomthetrader: all lines of resistance are still in place
(8:18 AM) tomthetrader: 500 Rut 1410 NQ 910 SPX
(8:18 AM) tomthetrader: 8500 Dow
(8:26 AM) tomthetrader: what are the odds of a repeat of last week ?
(8:54 AM) steve_45_4: tuff to keep this market dowm
(9:03 AM) Freezinalberta: good morning premarket flat
(9:15 AM) Alert: ====SECURITY BULLETIN!=======
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(9:15 AM) tomthetrader: WE WILL PUT OUR STOPS IN AT 1% today
(9:15 AM) tomthetrader: Again all short positions in our portfolios have a short leash of 1%
(9:16 AM) tomthetrader: and we will go to cash
(9:16 AM) tomthetrader: we will let the market tell us
(9:16 AM) Fulkdaddy: Waiting for possible higher prices to re enter on the TTT sell signa;?
(9:16 AM) eman11: Is that 1% from the open or 1% from 10:00am?
(9:16 AM) tomthetrader: Unfortunately we are a bit worried and will be safer in cash now
(9:16 AM) eman11: Is it a trailing stop?
(9:17 AM) tomthetrader: YES 1% trailing from the Open
redliontrader: on options? We have dav rf and iwm RX
(9:17 AM) tomthetrader: Sorry ...options 10%
(9:18 AM) tomthetrader: all 2-3X ETF's 1%
(9:18 AM) tomthetrader: from open
(9:18 AM) tomthetrader: all options 10% from the open
(9:18 AM) Fulkdaddy: gm
(9:18 AM) Pete45: gm
(9:18 AM) billbTN: gm
(9:18 AM) ajayvee: g'mornin
(9:18 AM) bloomert: gm
(9:18 AM) TTTMichael: gm
(9:19 AM) energy2x: gm
(9:26 AM) Fulkdaddy: No more TTT sell signal?
(9:30 AM) tomthetrader: still on a sell but not worth holding for 3% w/o stops
(9:31 AM) dhmohan1963: sorry missed initial talk what is the plsaan for short
(9:31 AM) tomthetrader: 1% stop on 2-3x ETF's
(9:31 AM) tomthetrader: 10% on Options
(9:36 AM) tomthetrader: 8451 DXD sold 10%
(9:37 AM) tomthetrader: georgetanner was bounced from the room by tomthetrader. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
(9:38 AM) tomthetrader: 48.83 was my fill on DXD
(9:39 AM) tomthetrader: pleaselet us know tyours
(9:39 AM) tomthetrader: yours
redliontrader: When you say 10% do you mean 10% of the portfolio or 10% of the DXD holdings?
(9:39 AM) ajayvee: stopped out of SRS at 20.25
(9:39 AM) tomthetrader: 10% of DXD
(9:39 AM) tomthetrader: one of the positions
(9:40 AM) johnwoo: welcome to our website www.huabaotrade.com any interested you just let us know we will offer you the best price... My e-mail huabaotrade1@hotmail.cm MSN: huabaotrade@hotmail.com
(9:41 AM) tomthetrader: sell DXD at 48.95 sell the rest
(9:42 AM) tomthetrader: 49.03
(9:42 AM) tomthetrader: sell DXD ...
(9:42 AM) tomthetrader: sell our options here
(9:42 AM) tomthetrader: and TZA
(9:43 AM) JR Roden: Do you think this is all the dip we'll get today?
(9:43 AM) tomthetrader: No ...but best be safe and go to cash
(9:44 AM) eman11: AD NYSE - 587 NAZ -693
(9:44 AM) tomthetrader: SRS sold at 2065
(9:44 AM) tomthetrader: SRS 20.65 out
(9:44 AM) tomthetrader: trailing stops on the rest
(9:46 AM) tomthetrader: 26.52 TYP was sold in Main
(9:47 AM) ajayvee: options weren't hit but SRS was hit at 20.25
(9:48 AM) tomthetrader: Thanks AJ
(9:48 AM) steve_45_4: I was disconnected what was exit on?
(9:48 AM) ajayvee: that's life
(9:49 AM) ajayvee: yes! I'm ready!
(9:50 AM) steve_45_4: ty i apprecciate it
(9:50 AM) steve_45_4: ok got it comcast killing me
redliontrader: Only pos left in portfolio's is TYP trailing 1% stop = 25.52 in Main, all other portfolios @ 100% cash
(9:53 AM) ajayvee: IWMRX stops filled between 1.91 - 1.94
(9:53 AM) csu30: Tom, do you still like DUG?
(9:54 AM) tomthetrader: yes
(9:54 AM) eman11: AD NYSE + 106
(9:54 AM) tomthetrader: I want to enter DUG today
(9:54 AM) tomthetrader: Thank you RED
(10:01 AM) ajayvee: inventory up can't be good
(10:02 AM) tomthetrader: Looking to Buy dips not sell rallies anymore
redliontrader: we are broadcasting the A/D race indicator if you want to see the A/D lines reaction to the news http://pv.ttthedge.com/2009/05/live-charts.html
(10:04 AM) don_2007_: gm.. say Tom.. how do you use the put call ratio in your trading ?
(10:04 AM) don_2007_: thanks red
(10:06 AM) don_2007_: thx tom
(10:06 AM) tomthetrader: your welcome
(10:07 AM) nimesh_: nq doing well today
(10:07 AM) nimesh_: only index that is green
(10:11 AM) Fulkdaddy: Red, I like the A/D line live feed!
(10:16 AM) tomthetrader: Great addition /...... really good work
(10:19 AM) tomthetrader: 'DUG is a possible 1st position in Traders for 10%
(10:19 AM) thomas_Poland: red .. I see you working on the chart with AD
(10:19 AM) tomthetrader: BUT NOT OFFICIAL
(10:20 AM) tomthetrader: PLEASE TAKE A LOOK
(10:20 AM) thomas_Poland: next time you login to your bank account please show us
(10:20 AM) thomas_Poland:
(10:20 AM) Fulkdaddy: Tom, oil has been tracking stocks...so I would expect a good correction in stocks if oil goes to $50
(10:20 AM) thomas_Poland: remember that 10:30 we have another EIA Petroleum Status report
(10:20 AM) tomthetrader: MAYBE ...OIL AND STOCKS HAVE BEEN LOCKSTEP IN THIS CONSOLIDATION BUT i THINK THAT WILL CHANGE SOON
(10:22 AM) tomthetrader: 1000 SPX bt Xmas
(10:22 AM) tomthetrader: Oil to $50 By Sept
(10:23 AM) tomthetrader: If you are NOT A MEMBER please go to http://www.ttthedge.com and sign up today
(10:23 AM) tomthetrader: you risk getting bounced if you do not have a TTT ID
(10:23 AM) tomthetrader: so please be professional and contact me 24/7 at tomandprisha@msn.com
(10:23 AM) tomthetrader: thank you
(10:24 AM) desertone: Good Morning everyone !
(10:24 AM) desertone: Finally made it back East
(10:25 AM) Fulkdaddy: gm Desert
(10:25 AM) desertone: Hello FD
(10:25 AM) Fulkdaddy: what do you see?
(10:26 AM) Freezinalberta: gm desert
(10:26 AM) Fulkdaddy: Kass is shorting the SPY on the home sales data
(10:26 AM) ajayvee: I see AAPL going bonkers again
(10:27 AM) tomthetrader: It is a BULL Dozer
(10:27 AM) steve_45_4: out of TYP here on stop
(10:27 AM) tomthetrader: 1999 again ..hold on
(10:27 AM) tomthetrader: Thanks Steve
redliontrader: TYP stopped out 25.52 - all portfolio's now show 100% cash
(10:27 AM) steve_45_4: yw
(10:31 AM) tcb66: relentless sell in bonds.....I wish I listened to my gut and shorted the futures weeks ago
(10:31 AM) hibuck2: $PCRCO .76
(10:31 AM) hibuck2: $TNX 35.72
(10:32 AM) hibuck2: $TRIN .76 $TRIQE .38
(10:32 AM) hibuck2: NYSE A/D +31
(10:34 AM) tomthetrader: Yes ...My call of a doubling in 10 years from 2-4% is amazing and wish I would have stuck with TBT
(10:41 AM) nimesh_: nasdaq really strong, or should i say, aapl, goog, amzn and rimm
(10:45 AM) JR Roden: dia has been held down by a downtrend line. It knocked the dia down at 3:50 yesterday, 9:30 today, 10:00 today and 10:40 today.
(10:46 AM) JR Roden: about to hit new lows on the day
(10:46 AM) tomthetrader: great rad JR
(10:46 AM) tomthetrader: read
(10:46 AM) tomthetrader: means there should be more selling
(10:49 AM) hibuck2: NYSE A/D +77
(10:50 AM) Fulkdaddy: I would like to see some selling down to about 886
(10:50 AM) tomthetrader: would give us some shots at longs
(10:52 AM) tomthetrader: BIOTECH HEALTHCARE AG DYY
(11:04 AM) Fulkdaddy: Tom, Doug Kass just said his favorite long is Legg Mason..he must be trying to get on your good side!
(11:06 AM) tomthetrader: Yes
(11:06 AM) tomthetrader: It is on my scans ;long
(11:06 AM) tomthetrader: 1st time since 2003
(11:06 AM) tomthetrader: 5 financials
(11:06 AM) nimesh_: tom, are we going to try shorts today, or are we trying longs?
(11:06 AM) tomthetrader: and 2 CEF
(11:07 AM) tomthetrader: plan is buy the dips long
(11:07 AM) nimesh_: ok
(11:07 AM) nimesh_: how about the TTT sell signal, we are going to ignore this one?
(11:07 AM) tomthetrader: yes
(11:08 AM) nimesh_: ok, thanks
(11:08 AM) tomthetrader: Your welcome
(11:13 AM) tomthetrader: what do you guys think the best Biotech ETF is ?
(11:14 AM) hibuck2: NYSE A/D +204
(11:14 AM) tcb66: IBB
(11:15 AM) tomthetrader: you like IBB better than XBI ?
(11:15 AM) tcb66: YES...more liquid
(11:16 AM) tomthetrader: Thank you
(11:17 AM) tomthetrader: stocks I am looking at calls and long stock
(11:19 AM) tomthetrader: QCOM
(11:19 AM) tomthetrader: HPQ
(11:19 AM) tomthetrader: CSCO
(11:19 AM) tomthetrader: NKE UA
(11:19 AM) tomthetrader: LM
(11:19 AM) tomthetrader: PBA DYY
(11:19 AM) tomthetrader: T VZ
(11:20 AM) tomthetrader: NUE UNP
(11:20 AM) tomthetrader: QQQX
(11:20 AM) tomthetrader: ZF
redliontrader: N100 Strong, pulling the market along...
(11:40 AM) DE_TTT: Thanks, Tom.
(11:42 AM) tomthetrader: Thank you DE
(11:42 AM) tomthetrader: USD SMH a Buy DE ?
(11:47 AM) hibuck2: NYSE A/D +449
(11:48 AM) hibuck2: $PCRCO .74
(11:48 AM) hibuck2: $TNX 35.56
(11:48 AM) hibuck2: $TRIN .81
(11:48 AM) hibuck2: $TRIQE .38
(11:49 AM) tomthetrader: adding T and ZF at average prices to IRA 10% each per e-mail
(11:54 AM) tomthetrader: Adding CSCO and VZ to main fund 10% each
(11:55 AM) DE_TTT: I def still like the semis, Tom. Estimates have bottomed and are now on the upswing.
(11:55 AM) tomthetrader: thank you
(11:55 AM) tomthetrader: i will stick generic unless you have some unreal bargains you can share
(11:55 AM) tomthetrader: smh usd
(11:56 AM) tomthetrader: please let me look at your favesagain
(11:59 AM) DE_TTT: TER, ASX, AMAT, AMKR
(12:01 PM) DE_TTT: PMCS, RFMD, LRCX, NVDA, ASML, BRCM, MRVL, ADI, ISIL, VRGY
(12:02 PM) dhmohan1963: which is the best out of these
(12:02 PM) dhmohan1963: how about tyh
(12:15 PM) DE_TTT: I like ASX, PMCS, LRCX, NVDA, ASML, VRGY best right now. I also like LLTC.
(12:20 PM) Fulkdaddy: Did we hit a wall at your 914 Tom?
(12:24 PM) tomthetrader: yes..it is resistANCE
(12:25 PM) tomthetrader: but like 1410 will drop in this Bull
(12:25 PM) tomthetrader: NQ 1410 RUT 500 and SPX 900 904 910 925 will all fall
(12:29 PM) csu30: Filled DUG 18.18
(12:30 PM) tomthetrader: Great
(12:31 PM) tomthetrader: I want in so Bad...
(12:31 PM) tomthetrader: buying some puts on OIH ...tojust have a small 1%
(12:32 PM) Fulkdaddy: USO is flying today....it must have been positive inventory data
(12:33 PM) tomthetrader: great short here USO puts 2 weeks
(12:34 PM) csu30: I have bought DUG several times around $18 and sold $19.50 to 20. Very reliable recently.
(12:35 PM) tomthetrader: Yes...great play
(12:36 PM) JR Roden: Where do you see USO in two weeks?
(12:38 PM) tomthetrader: 5% lower
(12:50 PM) ajayvee: Naz A/D +71 Vol +2.8:1 ** NYSE A/D +293 Vol +1.4:1
(12:51 PM) tomthetrader: Thank you AJ
(12:52 PM) ajayvee: chop-chop in a small range
(12:53 PM) tomthetrader: yes...digestion helps the bull
(12:53 PM) ajayvee: it's like standing in line at the betting window. Everybody choose your horse before getting to the window
(12:54 PM) tomthetrader: hard to play indices here as Stocks start to take center stage
(12:54 PM) tomthetrader:
(12:54 PM) Freezinalberta: Red are you going to update portfolio buys. If so what do you have for stops on T,ZF,VZ,CSCO? Thanks kindly.
(12:54 PM) tomthetrader: 8% stops on all stocks and aerage prices should be in by 4pm
(12:54 PM) tomthetrader: average
(12:56 PM) Freezinalberta: Is 8% your common stop for IRA and Main?
(12:56 PM) tomthetrader: Yes
(12:56 PM) Freezinalberta: Thanks
(12:56 PM) tomthetrader: 4% on 2-3x ETFs and 4 points futures and 20% Options
(12:57 PM) tomthetrader: we take avg daily prices on fills for IRA Main fund and on the spot fills in Traders
(12:58 PM) tomthetrader: The avg price is simply from the time of recommendation to the close split
(12:58 PM) tomthetrader: CSCO 19--20 avg price 19.50
(12:58 PM) tomthetrader: example
(12:58 PM) tomthetrader: Traders if we buy DUG we give exact fills
(1:29 PM) tcb66: Selling again in bonds...at this rate we'll see 4% on the 10 yr. in a few weeks
(1:33 PM) tomthetrader: big fight going on with eco strength
(1:33 PM) tomthetrader: many are looking for the FED's exit strategy
(1:33 PM) tomthetrader: they do not want a redo of all these crashes from 0% rates
(1:34 PM) tomthetrader: some have GDP at 8% next year !
(1:36 PM) ajayvee: Naz A/D -70 Vol +1.8:1 ** NYSE A/D -21 Vol +1.2:1
(1:36 PM) tomthetrader: Thank you lets fill DUG in here soon
(1:36 PM) tomthetrader: anyone want to enter
(1:37 PM) JR Roden: Q's struggling to hold $35 and IWM strugglng to hold $50
(1:37 PM) tomthetrader: selloff underway now
(1:37 PM) tomthetrader: LOD
(1:37 PM) tomthetrader: 10 year reversed ...scaring most
(1:38 PM) JR Roden: Any good market knows that it can't avoid a TTT sell signal.
(1:39 PM) steve_45_4: sorry but I dont want that sell signal to work now
(1:39 PM) hibuck2: $TNX 36.06
(1:39 PM) hibuck2: $PCRCO .79
(1:41 PM) tomthetrader: it will beOK a good 3% from top to bottom will set us up perfectly
(1:41 PM) nimesh_: bigger bid/ask difference on ym than normal
(1:41 PM) tomthetrader: we need a scare
(1:42 PM) tomthetrader: Yes some volatility
(1:42 PM) arujunaa: tym took out 11800. this could get ugly in binds. i am watching usm9 at 116.75 as a guide for TLT support
(1:42 PM) desertone: Tom enter BGZ here?
(1:43 PM) tomthetrader: No ...market is OK ..I am looking to add to longs
(1:43 PM) desertone: Thanks !
(1:43 PM) JR Roden: 2 of 4 indices right back at the top of the big move up yesterday morning (spx and dia). This woudl be the perfect scare to dip into that big up move before rocketing northward.
(1:43 PM) tomthetrader: should not correct much more than 3% and we have 1% -2 % off Dow now
(1:44 PM) azags: We will have to instruct Tom to abide by the TTT sell signal even in bull markets
(1:44 PM) ajayvee: woe is me, SRS could have been a winner if I held on
(1:44 PM) tomthetrader: Tom Got whacked with a big hammer by the Bull and won't get hit again this year ...guaranteed
(1:45 PM) azags: Tom the TTT sell signal came from a reliable source
(1:45 PM) ajayvee: better than one of those big bull horns up the wazoo
(1:46 PM) desertone: R we entering DUG or no ?
(1:46 PM) tomthetrader: Yes...but he Bull is so strong !
(1:46 PM) tomthetrader: DUG was entered long at any price anyone wanted to fill
(1:46 PM) tomthetrader: Craig ?
(1:46 PM) tomthetrader: anyone ?
(1:46 PM) desertone: k ty
(1:47 PM) energy2x: filled 18.29
(1:47 PM) ajayvee: got DUG at 18.18
(1:47 PM) tomthetrader: 1818
(1:47 PM) tomthetrader: is the best fill
(1:47 PM) desertone: nice !!
(1:47 PM) tomthetrader: $18.18
(1:48 PM) tomthetrader: Day's Range: 18.01 - 18.58
52wk Range: 17.20 - 86.50
(1:50 PM) Freezinalberta: 10% DUG ?
(1:51 PM) tomthetrader: Yes...we will go long 10% in DUG officially at average prices into the close 1-5 day min hold
(1:52 PM) tomthetrader: really accelerateing
(1:53 PM) ajayvee: will 900 hold?
(1:53 PM) arujunaa: wow that was quick. we are at 116.75 on usm9 now. doesn't feel good. tlt below 91.
(1:54 PM) arujunaa: i may start to nibble here in tym at 117.50. 25% long
(1:54 PM) tomthetrader: Wild ride in Bonds Aruj
(1:54 PM) bgbull: closed SRS from yesterday, averaged down and made $0.75/share
(1:54 PM) JR Roden: I got burned on the last TTT sell signal, when I thought "the market is too strong, this sell signal won't work" ... and it did. So even with this stong market, I've been buying (or trying to buy) tops and sell them off when they dip
(1:54 PM) arujunaa: unbelievable tom. people are wondering the fed is doing
(1:55 PM) tomthetrader: the FED needs a exit plan and needs to let the bond traders know it ?
(1:56 PM) tomthetrader: NQ under 1410 after adecisive breakout
(2:00 PM) azags: By my system I had to stay short because the ndx did not drop below 1345 yesterday. It went as low yesterday as 1350. Today short is the answer even though the bulls tried to attack me
(2:01 PM) billbTN: still short from 908 this am-bout time things started moving
(2:01 PM) tomthetrader: a/d only -400?
(2:02 PM) thomas_Poland: 2:30?
(2:02 PM) thomas_Poland: I am going to go long later
(2:02 PM) thomas_Poland: 200 sma on 5 and 15 min now support
(2:02 PM) thomas_Poland: for all those candle fans we have almost hammer on 5 min
(2:02 PM) thomas_Poland: so maybe this is it ?
(2:03 PM) thomas_Poland: and 38.2 % retr
(2:03 PM) tomthetrader: agree
(2:03 PM) thomas_Poland: great
(2:03 PM) thomas_Poland: I like to agree with you Tom
redliontrader: I think just a little lower
(2:04 PM) thomas_Poland: they do not care about all of those things ?
(2:05 PM) thomas_Poland: my most important thing is time .. 2:30 I am looking for bullish moves
(2:05 PM) azags: My trusty coin and animal entrails tell me to wait and not go long today and they are always right
(2:05 PM) thomas_Poland: if they will sell rest of the day .. no harm
(2:05 PM) tomthetrader: LOD
(2:06 PM) tomthetrader: BUY BGU 32.20 limit 10% Traders and 10% DUG 20% in Traders
(2:07 PM) tomthetrader: 10% long BGU 32.20 8% stop for now
(2:08 PM) azags: Thomas I called PPT and told them to stop the printing presses so they won't be buying futures with new manufactured dollars today
(2:08 PM) JR Roden: The "Oh S&*t" factor is kicking in with all those brand new call buyers.
(2:08 PM) thomas_Poland: 898 PIvot point
(2:09 PM) tomthetrader: Good action here
(2:09 PM) tomthetrader: 899
(2:09 PM) tomthetrader: NQ failure
(2:10 PM) azags: look at the RUT
(2:10 PM) hibuck2: NYSE A/D -787
(2:10 PM) hibuck2: $PCRCO .79
(2:10 PM) hibuck2: $TNX 36.72
(2:10 PM) hibuck2: $TRIN .89 $TRIQE .75
(2:11 PM) Freezinalberta: bgu 10% traders, dug 20% traders?
(2:12 PM) ajayvee: just like the put buyers got scalped this morning
(2:12 PM) tomthetrader: 10% each
(2:12 PM) tomthetrader: 10% DUG 10% BGU 20% overall invested in Traders 1-5 days
(2:13 PM) tomthetrader: anyone get II data today ?
(2:13 PM) Freezinalberta: clear thanks
(2:13 PM) tomthetrader: Investors Intelligence ?
(2:14 PM) tomthetrader: anyone get the sentiment data ?
redliontrader: 10% (600shrs) BGU @ 32.06, 10% (1000shrs) DUG @ 18.73 in traders [20% traders in market]
(2:20 PM) tomthetrader: 18.73 a bit high ..I woul like to level that entry out ...don't buy at those high DUG prices
(2:21 PM) steve_45_4: dug too high and bgu too low but doesnt really make much of a difference
(2:21 PM) steve_45_4: Red works hard and is appreciated
(2:22 PM) tomthetrader: good entries for DUG 18.18-18.25 BGU 32.00 to 32.25
redliontrader: I was late on my entries.. anyone what to post their #'s..
(2:22 PM) netherbow1: in BGU 32.10
(2:23 PM) eman11: BGU 32.16
(2:23 PM) csu30: Yes
(2:23 PM) tomthetrader: Craig in at 18.18
(2:23 PM) energy2x: DUG 18.29
(2:23 PM) tomthetrader: 2x in at 18.29 where I was
(2:25 PM) Freezinalberta: DUG 18.73 also, BGU 32.08
redliontrader: freeze ... you had my timing!.. (1:51 PM) tomthetrader: Yes...we will go long 10% in DUG officially at average prices into the close 1-5 day min hold
(2:26 PM) tomthetrader: Yes that was our 2nd mention ..we a
(2:27 PM) tomthetrader: were very vague ...like Dr.McHugh on the first buy !
(2:27 PM) tomthetrader: sorta kinda sneaking in DUG at scale in
redliontrader:
(2:30 PM) tomthetrader:
(2:31 PM) tomthetrader: Sorry RED DBA on the watchlist ...not PBA ..I always do that !
(2:32 PM) tomthetrader: Deutsche bank powershares Ag DBA sorry
(2:32 PM) tomthetrader: DYY is also a double ag
redliontrader: I couldn't figure out why PBA never changed price..
(2:34 PM) csu30: Filled BGU 32.09
redliontrader: We are adding [T & ZF 10% each to IRA] plus [CSCO + VZ to Main 10% each].. ?
(2:36 PM) eman11: As the week goes on and the US sells bonds for longer maturity tomorrow in 7Year and Friday is 10-year the intrest in buying the bonds will probably diminish.
(2:41 PM) tomthetrader: agre
(2:42 PM) tomthetrader: agree...each one will be harder
(2:45 PM) tomthetrader: support here for dug
(2:45 PM) tomthetrader: should bounce
(2:46 PM) tomthetrader: 18.63
(2:47 PM) ajayvee: Naz A/D -470 Vol -1.1:1 ** NYSE A/D -621 Vol -1.2:1
(2:53 PM) Fulkdaddy: Just getting back...Kass covered 1/2 his short rentals into the swoosh
(2:53 PM) tomthetrader: NAZ holding up ...dow worst
(2:54 PM) Fulkdaddy: Are you buying the dip?
(2:54 PM) tomthetrader: yes we bought BGU
(2:54 PM) tomthetrader: and DUG
(2:55 PM) tomthetrader: and are looking at the futures long SEPT ESU9
(2:55 PM) tomthetrader: at 892.50
(2:56 PM) tomthetrader: Q's almost green while Dow down 100+
(2:57 PM) steve_45_4: are the buys for IRA and Main official?
(3:06 PM) nimesh_: what u think , short nq, long ym?
(3:08 PM) tomthetrader: yes all purchases official
(3:08 PM) tomthetrader: 6 total
(3:08 PM) steve_45_4: ty
(3:08 PM) tomthetrader: 2 in eaCH
(3:08 PM) tomthetrader: 2 in traders 2 in main 2 in IRA
(3:15 PM) arujunaa: 116.75 taken out on usm9. more downside risk int tomorrow's 7yr auction.
(3:15 PM) tomthetrader: amazing ...TBT
(3:15 PM) tomthetrader: 2-4% in 6 months easy ?
(3:16 PM) tomthetrader: 10's
(3:21 PM) tomthetrader: getting our 3% on the Dow
(3:22 PM) steve_45_4: 6 hours too late lol
(3:22 PM) ajayvee: TTT sell signal works! now to learn to listen to it!
(3:24 PM) tomthetrader: 2% on spy
(3:24 PM) tomthetrader: lod
(3:28 PM) ajayvee: TP said yesterday hi of week, Thu low of week
(3:29 PM) tomthetrader: Buying HPQ and SMH here for Main fund
(3:32 PM) tomthetrader: Again we will take the avg price from now til close for SMH and HPQ for Main fund
(3:32 PM) tomthetrader: and we will add 10% long to BGU
(3:32 PM) tomthetrader: Ttaders
(3:33 PM) tomthetrader: Traders adding 10% long BGU
(3:33 PM) tomthetrader: Please give a quote
(3:33 PM) tomthetrader: BGU adding 10% Long
(3:33 PM) tomthetrader: Traders
(3:33 PM) tomthetrader: BGU long quotes fills?
(3:34 PM) Harrod_t: 31.67
(3:34 PM) eman11: 31.68
(3:35 PM) Freezinalberta: 31.64
(3:35 PM) nimesh_: 31.57
(3:36 PM) steve_45_4: 31.61
(3:37 PM) tomthetrader: Thank you
(3:39 PM) eman11: Did the ESU9 get bought for the main?
(3:40 PM) tomthetrader: No ESU9 is only for futures traders for now
(3:40 PM) eman11: OK
(3:44 PM) hibuck2: NYSE A/D -1259
(3:44 PM) tomthetrader: still can' tget good P/C ratios
(3:44 PM) tomthetrader: and we need more fear here
(3:44 PM) hibuck2: $PCRCO .85
(3:44 PM) tomthetrader: need 1.00
(3:45 PM) hibuck2: $TRIN .94 $TRIQE .79
(3:45 PM) tomthetrader: NQ best rally hard into the close to hold 1410 ?
(3:46 PM) ajayvee: Naz A/D -777 Vol -1.7:1 ** NYSE A/D -1200 Vol -2.3:1
(3:47 PM) DE_TTT: Bot some AVX, ITLN, S, RF, STI, ETFC...because I like pain!
(3:47 PM) JR Roden: PPT to the rescue
(3:47 PM) csu30: Filled LM 18.03
(3:48 PM) tomthetrader: LM at 18.03 a great play
(3:48 PM) tomthetrader: I didn't tell you but it is also a takeover candidate
(3:53 PM) csu30: Filled BGU 31.57
(3:53 PM) tomthetrader: Thanks Guys
(3:54 PM) tomthetrader: Good Job Craig ..good patience / timing
(3:54 PM) billbTN: sold my 3es from 908 this am at 894
(3:54 PM) tomthetrader: good trade Bill ...hang in there
(3:54 PM) ajayvee: atta bot billb
(3:56 PM) csu30: Filled CSCO 18.17
(3:56 PM) Fulkdaddy: SOX up 1.5%!
(3:57 PM) tomthetrader: semis...DE is never wrong ...even on a down day !
(3:57 PM) jaxbrown: bot ddm 30 calls and bgu 34 calls..glad to be on board
(3:57 PM) tomthetrader: Thanks JAX
(3:57 PM) tomthetrader: Good job
(3:58 PM) tomthetrader: everyone gets comfortable with pairs trades and instruments they can use and get fills they can live with
(3:58 PM) tomthetrader: good job all of you in a tough tough environment
(3:58 PM) jaxbrown: just want to get even from this mornings' bloodbath
(3:59 PM) tomthetrader: this week and month has been a traders dream or night mare
(3:59 PM) tomthetrader: you could flip a coin and see if it comes out
(3:59 PM) jaxbrown: amen to that
(4:00 PM) tomthetrader: Thanks Guys ...see you tonight or tomorrow ...we are getting long into this selloff
(4:00 PM) energy2x: take care
(4:01 PM) tomthetrader: Thank you
(4:01 PM) tomthetrader: we will do better tomorrow or won't show up !
(4:01 PM) azags: I have been away from the computer but I said to keep the shorts today and PPT won't bother you today
(4:01 PM) tomthetrader: PPT needs aday off too?
(4:02 PM) tomthetrader: Not long weekedns like you Zags ? and Thomas ?
(4:02 PM) steve_45_4: they should have taken yesterday off
(4:02 PM) tomthetrader: Yes
(4:02 PM) tomthetrader: flat on the week
(4:02 PM) azags: Only when I notify them that I am short
(4:02 PM) tomthetrader: unch for Dow
(4:02 PM) tomthetrader: up for Naz
(4:03 PM) ajayvee: thanks tom
(4:03 PM) tomthetrader: no buy signal in 6 weeks
(4:03 PM) azags: I am still down from yesterday but I made a decent chunk back today
(4:04 PM) tomthetrader: Great
(4:04 PM) tomthetrader: tough tough environment..two big surprises
(4:04 PM) jaxbrown: is that real or paper
(4:04 PM) tomthetrader: CONS CONF and The BOND auction
(4:04 PM) tomthetrader: both uncontrollable events
(4:05 PM) Freezinalberta: down yesterday and today, hopefully better tomorrow
(4:06 PM) jaxbrown: how does dug look, am in on oct21 calls
(4:10 PM) ajayvee: got in and out of DUG for 80 cents. kept trying to recover from early morning.
(4:15 PM) JR Roden: I kept one small short position on the DIA from your call to short before the housing data at 10:00. I figured i'd hold on to that one as a hedge against our longs and since we had a TTT sell signal.
(4:15 PM) tomthetrader: Great work guys
(4:16 PM) JR Roden: .davrg - in at 9:58 for 2.35 out at 4:13 for $3.22 ... too bad it was just a small position, but stll a nice profit. Love those sell signals.
(4:16 PM) tomthetrader: we will keep giving the best we got ...two BIG shocks out of nowhere have turned the markets
(4:16 PM) tomthetrader: Great JR
redliontrader: i have us 30% long traders.. 40% long main... 20% long IRA
(4:18 PM) tomthetrader: Correct
(4:19 PM) tomthetrader: 2 BGU positions 10% each and 1 DUG position
