(9:18 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:18 AM) Alert: Hi , Welcome to TTT
(9:28 AM) tomthetrader: Thank you
(9:28 AM) netherbow1: yes , very helpful , thxs
redliontrader: For those watching live charts: http://pv.ttthedge.com/2009/05/live-charts.html we are running the A/D lines.. I have added a yellow dotted line that is the 2:1 value on my AD Race scale
(9:29 AM) tomthetrader: Thank you RED
(9:30 AM) Fulkdaddy: REd, can you show a bit longer of a timeframe...so we can see the days overall trend a bit more clearly?
(9:32 AM) tomthetrader: sell 10 % BGU at 9:33 am
(9:32 AM) tomthetrader: 32.56
(9:33 AM) hibuck2: NYSE A/D +1587
(9:33 AM) tomthetrader: lock in BGU 32.56
(9:33 AM) hibuck2: $PCRCO .93
(9:33 AM) PremR: gm halted i think...and bonds got hit at the same time...probably news there
(9:33 AM) steve_45_4: is that 1/2 of BGU or all of BGU?
(9:33 AM) thomas_Poland: we need about 15 mins to know real Put Call and Trin
(9:34 AM) berniectx: very nice Red live AD thanks
(9:35 AM) eman11: test can anybody see me
(9:35 AM) tomthetrader: 1/2
(9:36 AM) DE_TTT: yes, eman
(9:36 AM) ajayvee: yes e
(9:36 AM) tomthetrader: Yes E you are live and in TTT
(9:36 AM) steve_45_4: ty that is what I thought
(9:36 AM) tomthetrader: again we sold 10% of our 20% position in BGU at 32.56
redliontrader: Bernies .. thanks..
(9:38 AM) tomthetrader: Very good addition as the simple a/d gives us the best short term clues to market strength and sustainability
redliontrader: Fulk.. I don't find much help on the ad/race over multidays since it jumps +/- so much.. I use it mostly for my scalp timing.. I will pull it back during the duldrums and see if you like that better
(9:39 AM) Fulkdaddy: I just meant to show it for the day...is it possible? Not a huge deal
(9:41 AM) thomas_Poland: I think news will be bad
(9:41 AM) thomas_Poland: which can be good for bulls today
(9:41 AM) desertone: Good Morning all
(9:41 AM) desertone: Same here !!
(9:42 AM) Fulkdaddy: Helene is watching the BKX..a break of 35 would be bearish\
(9:42 AM) Fulkdaddy: 38.85 now
(9:42 AM) Fulkdaddy: 25.85
(9:43 AM) Fulkdaddy: 35.85
(9:43 AM) Fulkdaddy: fat fingered that one!
redliontrader: fulk.. yes on the day is important.. I get to zoom it in and out when I want to catch the day trend... I will keep zooming it out to capture the day as it progresses
(9:45 AM) hibuck2: NYSE A/D +1709
(9:45 AM) hibuck2: $PCRCO .93
(9:45 AM) hibuck2: $TRIN 2.19 $TRIQE .43
(9:46 AM) tomthetrader: Non members please go to http://pv.ttthedge.com/2009/05/all-portfolios.html
(9:46 AM) tomthetrader: Please sign up for a free trial
(9:47 AM) tomthetrader: and members please get with RED if you haven't yet and get yourself registered as the web site will have locks soon
(9:48 AM) billbTN: lon es from 898
(9:48 AM) billbTN: long
(9:48 AM) tomthetrader: Thanks Bill
(9:48 AM) tomthetrader: GM 1.18
(9:48 AM) thomas_Poland: brave bill before data
(9:49 AM) Fulkdaddy: Aruj, are treasuries a buy here? Helene is showing the 10 year up against a downtrend line
(9:50 AM) thomas_Poland: gap rule today
(9:50 AM) tomthetrader: meaning ?
(9:50 AM) thomas_Poland: no way
(9:50 AM) thomas_Poland: no way
(9:50 AM) thomas_Poland: no more
(9:50 AM) Fulkdaddy: UUP looks like it is right at support...buy the dollar here?
(9:51 AM) thomas_Poland: I will paste it once again
(9:51 AM) thomas_Poland: last time
(9:51 AM) thomas_Poland:
(9:51 AM) billbTN: using a 3pt stop tp so no big loss if it's bad
(9:51 AM) tomthetrader: thanks
(9:52 AM) Fulkdaddy: BKX lagging
(9:54 AM) thomas_Poland: from the book of Sperandeo
(9:55 AM) thomas_Poland: If there is a gap and it is going to reverse it will do so 10-15 mins after the opening 95% of the time
(9:55 AM) thomas_Poland: If the market continues in the direction of the gap after 10 to 15 mins it is a strong sign that the move will continue for the rest of the day closing in that direction as well
(9:56 AM) thomas_Poland: even if the market reverses after the 10-15 min period if it fails to fill the gap odds are that the market will clsoe in the direction of the gap
(9:56 AM) thomas_Poland: PERIOD
(9:57 AM) Fulkdaddy: so here we go..lets see if it fills the gap
(9:57 AM) Fulkdaddy: 10:00 am data will tell the story
(9:58 AM) thomas_Poland: please anyone interested copy this text for reference
(9:59 AM) thomas_Poland: please interpret this text as you wish
(9:59 AM) tomthetrader: won't ask again ..even though ...like Dr McHugh I can't relate/ understand
(10:00 AM) hibuck2: NYSE A/D +1047
(10:00 AM) nimesh_: geez, these revisions are ridiculous
(10:01 AM) ajayvee: TF leading down
(10:02 AM) hibuck2: NYSE A/D +489
(10:02 AM) Jshelton31: short 50 lots ES at 94
(10:02 AM) Fulkdaddy: 12% of all housing loans are not current!
(10:02 AM) Fulkdaddy: Huge
(10:03 AM) Jshelton31: tgt 91
(10:03 AM) Fulkdaddy: 50% of all past due loans are on empty homes
(10:03 AM) hibuck2: $TNX 36.35
(10:03 AM) Fulkdaddy: Prime fixed rate loans have seen a doubling of deliquencies
(10:03 AM) Fulkdaddy: not good
(10:03 AM) Jshelton31: coveringat 93 1 point
(10:03 AM) Fulkdaddy: green shoots are turning into dandelions
(10:04 AM) hibuck2: NYSE A/D +255
(10:04 AM) thomas_Poland: amazing how spreadbetting companies turn off platoforms on the news
(10:04 AM) thomas_Poland: it happens to me all the time
(10:04 AM) tomthetrader: too volatile ...they don't make money?
(10:05 AM) thomas_Poland: they just trade against us .. customers
(10:05 AM) thomas_Poland:
(10:05 AM) thomas_Poland: and if you don't know it you are forked
(10:06 AM) tomthetrader: NAZa/d -100
(10:06 AM) nimesh_: wow, this is fast
(10:07 AM) ajayvee: damn that ttt sell signal
(10:07 AM) ajayvee: I coulda been a contender....
(10:08 AM) tomthetrader: UWM
redliontrader: 10% Each?
(10:10 AM) nimesh_: wow, kind of scary
(10:11 AM) Fulkdaddy: This looks like a big down day to me
(10:11 AM) billbTN: needless to say i was stopped
(10:12 AM) billbTN: yup looks negative to me
(10:12 AM) Fulkdaddy: If I were going to buy, I would think support at 879 would be the spot???
(10:13 AM) ajayvee: TF down 2%
(10:13 AM) tomthetrader: 17.25 enter UWM
(10:14 AM) Fulkdaddy: My fear is this housing data...it is the key to getting out of this decession...as Bernanke is trying to get the 30 year fixed under 4.5% to stop the foreclosures and rates are going up now instead of down
(10:15 AM) tomthetrader: agree ...huge concern
(10:16 AM) arujunaa: i took profits on 25% long tym9 at 117.75 (bought 117.50). just scalping for now.
(10:16 AM) tomthetrader: thanks Aruj
(10:17 AM) hibuck2: $PCRCO .84
(10:17 AM) hibuck2: $TNX 36.55
(10:18 AM) Fulkdaddy: Aruj, the 10 year yield is up against a big downtrend line...see Helene's column...seems like a low risk long entry point here...thoughts?
(10:18 AM) hibuck2: NYSE A/D -633
(10:18 AM) hibuck2: TRIN 1.30 TRIQE .77
(10:20 AM) arujunaa: i watch futures more than cash, and the levels i had were 117.50 & 117.125 which we hit after the close yesterday. this bounce is corrective for now until proven otherwise. i won't get position long until some other things happen.
(10:22 AM) tomthetrader: BKX about unch
(10:22 AM) tomthetrader: 8250 YM support or resistance
(10:24 AM) tomthetrader: stops at break even on Traders UWM
(10:24 AM) eman11: Does Traders still have 10% BGU left?
(10:24 AM) tomthetrader: Yes
(10:25 AM) tomthetrader: 10% DUG 10% BGU 10% UWM
(10:25 AM) tomthetrader: stops on uwm at Break even
(10:27 AM) Fulkdaddy: This is starting to feel like a 300 point down day
(10:28 AM) tomthetrader: I hope not but 888 here is my personal buy area
(10:29 AM) tomthetrader: 888 SPX cash has been asuccessful long trade for me
(10:29 AM) tomthetrader: let's see if buyers like me come in this area Long
(10:30 AM) tomthetrader: 888SPX CASH IS MY PERSONAL HIGHEST SUCCESS LONG TRADE
(10:32 AM) DE_TTT: Bot AUO, ASX, CAVM, GME
(10:32 AM) Fulkdaddy: Kass added to BAC today at 10.70..it is his largest holding
(10:32 AM) tomthetrader: new ones DE !
(10:32 AM) tomthetrader: BAC ...I was looking to go long !
(10:34 AM) Fulkdaddy: great traders think alike...I like it when my guru's line up!
(10:34 AM) tomthetrader: he has really changed
(10:34 AM) tomthetrader: Or I have !
(10:34 AM) tomthetrader: I have him on twitter
(10:35 AM) Fulkdaddy: I have been reading him for 4 years and he is always ahead of the crowd...and eventually, he usually is right
(10:35 AM) Fulkdaddy: what does that mean Tom?
(10:36 AM) csu30: BGU 30.97; TNA 24.07
(10:36 AM) Fulkdaddy: banks soaring
(10:37 AM) tomthetrader: Yes banks are getting agreat bid
(10:37 AM) tomthetrader: on every dip
(10:37 AM) Fulkdaddy: Perm, what is the Lowry's buying/selling pressure showing?
(10:38 AM) hibuck2: $PCRCO .95
(10:39 AM) hibuck2: NYSE A/D -478
(10:39 AM) Fulkdaddy: Up against the close of yesterday...could act as resistance
(10:39 AM) hibuck2: $TRIN .68 $TRIQE .72
(10:42 AM) eman11: Might get more selling when the bond auction results come out later today
(10:45 AM) tomthetrader: Nice 5 point gain on 50 contracts ES off SPX cash 888
(10:46 AM) tomthetrader: very successful trades off this area
(10:49 AM) darknight_23: hi
(10:54 AM) hibuck2: NYSE A/D -274
(11:00 AM) desertone: Tom, what do U think of UNG entry?
(11:03 AM) Alert: Author Jody Speyer who worte "Dump 'Em" is LIVE on the Diana Falzone Show NOW to talk about how to dump that significant other that's toxic to your life in the Radio/TV Section NOW
(11:05 AM) tomthetrader: I do not have a strong opinion ...but the chart on UNG is great
(11:06 AM) Alert: Hi , Welcome to TTT
(11:08 AM) tomthetrader: 17.80 stops
(11:08 AM) tomthetrader: UWM
(11:08 AM) tomthetrader: move stops to 17.80
(11:08 AM) tomthetrader: stopped out of UWM here with a good profit
(11:09 AM) tomthetrader: 1 great trade in ES 888 and UWM
(11:09 AM) ajayvee: Naz A/D -170 Vol +1.5:1 ** NYSE A/D +400 Vol +2:1
(11:09 AM) tomthetrader: Good job
(11:10 AM) desertone: TY Tom re UNG
(11:10 AM) desertone: Still watching it
(11:10 AM) tomthetrader: YW
(11:10 AM) tomthetrader: great trades on longs off 888 and UWM
redliontrader: Profits taken 10% traders UNG in @ 17.25 out @ 17.80 +3.19%.. GJ
(11:14 AM) desertone: RL u mean UWM and not UNG.......
(11:15 AM) tomthetrader: Yes UWM
(11:15 AM) desertone:
redliontrader: O sorry yes UWM.. must have grabbed D1's symbol..
(11:23 AM) tomthetrader: Any questions ?
(11:23 AM) tomthetrader: Everyone OK ?
(11:23 AM) tomthetrader: OK
(11:23 AM) ajayvee: so far so good
(11:23 AM) tomthetrader: will have a good trade set up here soon
(11:24 AM) eman11: Okey-Dokey
redliontrader: I have 20% long traders, 20% long IRA, 40% long Main... (the tlt position reports as long but is treated as cash)
(11:25 AM) Fulkdaddy: Kass added to all his financial longs into the morning weakness...he said Freddie Mac indicated the home price depreciation slowed in all nice US regions in the 1st quarter
(11:31 AM) Freezinalberta: Red, is DUG considered short or long in your portfolio view?
redliontrader: long
redliontrader: i should probably change that.. ? I know it is short oil.. somehow I convinced myself it was long the market... but in fact we are short oil
(11:37 AM) eman11: Bought LM today at 17.80.
(11:37 AM) Fulkdaddy: Tom, your bottom call this morning was perfect!
(11:39 AM) tomthetrader: Thank you Dave
(11:40 AM) Freezinalberta: Red , I guess you could look at it both ways. Going long on a short stock, or shorting oil.
(11:51 AM) jaxbrown: Nothing coming through on Paltalk!?????
(11:51 AM) tomthetrader: no audio
redliontrader: i hear ok
(11:51 AM) hibuck2: ok here
(11:51 AM) eman11: audio yes
(11:51 AM) bloomert: good here
(11:51 AM) Bert_TTT: was ok here
(11:51 AM) bgbull: is ok here
(11:52 AM) tomthetrader: if you do not get audio press push to talk and it usually clears it up or sign out and sign in '
(12:01 PM) tomthetrader: DYY acting very well have DAG and DYY in spec accounts
(12:02 PM) tomthetrader: DBA has broken out ..we ahve held that 6 x over past 100 days
(12:08 PM) tomthetrader: shaking out
(12:12 PM) tcb66: 1PM
(12:29 PM) tomthetrader: CME and DRYS acting well
(12:29 PM) tomthetrader: futures and shipping ?
(12:30 PM) tomthetrader: commodities rebound?
(12:30 PM) hibuck2: NYSE A/D +114
(12:30 PM) hibuck2: $PCRCO .82
(12:30 PM) tomthetrader: should sell off agin into 1pm then rally ?
(12:30 PM) hibuck2: $TRIN .64 $TRIQE .71
(12:30 PM) tomthetrader: would love to see 1.00 P/C
(12:30 PM) hibuck2: $TNX 37.11
(12:31 PM) tomthetrader: Thank you
(12:31 PM) azags: I just bought dug. What is your stop?
(12:31 PM) tomthetrader: 4% back
(12:31 PM) tomthetrader: of purchase
(12:31 PM) tomthetrader: Go get them ..I hate oil and gold
(12:32 PM) hibuck2: like they say a traders best advice patience
(12:32 PM) tomthetrader: we need it today
(12:33 PM) azags: It is a good day for me because of the drop this morning turned mydxd into a profitable position
(12:34 PM) tomthetrader: great news , lots of whipsaws
(12:34 PM) ajayvee: boy there's about a 7-8 second delay in Santelli voice thru the Internet from my tv
(12:35 PM) arujunaa: you can fix it by putting him on mute
(12:35 PM) desertone: I am receiving it via PTalk .........lol
(12:36 PM) tomthetrader: they know how to mute my singing ....
(12:36 PM) tomthetrader: and cnbc...which is worth
(12:39 PM) tomthetrader: worse ..my singing or CNBC ?
(12:41 PM) arujunaa: this auction is not a good barometer of demand for bonds as a whole because the 7yr point is unpopular. i think that it does not go as well as yesterday's and will be taken down mainly by dealers.
(12:41 PM) arujunaa: but this will have no effect on the after market price action which will be determined by the normal flows of the market. the comvexity (mortgage) selling usually picks up in the pm again IF they still have hedging needs. watch 117.125 on tym as a pivot.
(12:42 PM) tomthetrader: Thank you Aruj...as far as stocks it would be a good FEAR trade to short here in ES and run it down to 888
(12:44 PM) billbTN: ok i'll give it a whack with es short
(12:46 PM) tomthetrader: YMM9 = dow cash short 8300
(12:46 PM) tomthetrader: unofficial trade for spec traders with some time and $$$$$ to lose !
(12:46 PM) JR Roden: I'm already in with you on the short position via puts on DIA
(12:47 PM) azags: Tom that is brilliant because as you know I am short except for covered calls on qld. I plan to go fully long either at the close today or in the am unless the market explodes higher today before I get out of all my shorts
(12:49 PM) tomthetrader: FAF FNF STC puts active heavily shorted if one wants to press
(1:01 PM) arujunaa: tail!
(1:01 PM) arujunaa: 3bp
(1:01 PM) arujunaa: bad
(1:02 PM) tomthetrader: thanks
(1:03 PM) thomas_Poland: what news?
(1:03 PM) thomas_Poland: sorry
(1:03 PM) thomas_Poland: thanks
(1:03 PM) arujunaa: bonds holding in for now after selling off initially
(1:05 PM) tomthetrader: Aruj : what did santelli mean they would keep on firing til the end o fthe session ?
(1:05 PM) tomthetrader: sell sell sell
(1:05 PM) arujunaa: i didn't hear. sorry
(1:06 PM) arujunaa: yes.
(1:07 PM) ajayvee: short again on this rally?
(1:08 PM) tomthetrader: let's see if RUT and NAZome back here quickly if they do we may go long ...if they do not we will short
(1:09 PM) nimesh_: es doing better than other indices
(1:09 PM) tomthetrader: UWM 18.00 we short and 17.25 we buy
(1:09 PM) tomthetrader: UWM is the key today
(1:09 PM) nimesh_: tf still red
(1:09 PM) tomthetrader: Yes OIL and Banks
(1:10 PM) hibuck2: TRINS trending down $TRIN .52 $TRIQE .46
(1:10 PM) hibuck2: $TNX 37.11
(1:10 PM) hibuck2: $PCRCO .81
(1:11 PM) hibuck2: NYSE A/D
(1:11 PM) hibuck2: +297
(1:14 PM) hibuck2: just got high Tick +1122
(1:15 PM) ajayvee: new HOD
(1:15 PM) hibuck2: another one +1050
redliontrader: wow
(1:16 PM) nimesh_: TF still red
(1:16 PM) nimesh_: very odd
(1:17 PM) ajayvee: TF green
(1:18 PM) tomthetrader: 1410 NQ is a key
(1:19 PM) hibuck2: UWM 18.04
(1:19 PM) bgbull: nice call UWM
(1:20 PM) tomthetrader: Yes ...it is the KEY to the markets future
(1:20 PM) tomthetrader: please keep an eye
(1:20 PM) hibuck2: TICK +1068
(1:21 PM) Freezinalberta: Are we buying UWM or TWM at this level?
(1:25 PM) tomthetrader: we are sitting and looking ...as we are in no man's land now ...bukllish but now we will be in oerbought danger as day up day down is back in vogue as we now have 26 days of reversals bidaily !
(1:26 PM) tomthetrader: NYA was good sign of strength during this day of selling the rallies
(1:26 PM) tomthetrader: shorting at 18.02 UWM if we are in a bear is a good trade ..buying long in a bull a good trade
(1:27 PM) tomthetrader: 18.00 UWM is a very good gauge of the market for us
(1:27 PM) eman11: I can't short UWM, what can use as an alternative.
(1:27 PM) ajayvee: you're a good politician tom
(1:27 PM) DE_TTT: twm is inverse of uwm
(1:28 PM) eman11: Thanks
(1:28 PM) DE_TTT: yw
(1:29 PM) tomthetrader: I put the $$$ out there where I think we go and as you see only about 10% total invested now ...so lots of buying power
(1:30 PM) tomthetrader: we are up on the week again for like 12-13
(1:30 PM) tomthetrader: up
(1:30 PM) tomthetrader: Naz
(1:31 PM) thomas_Poland: POLL: Did we see the high of the week ?
(1:31 PM) thomas_Poland: already
(1:32 PM) thomas_Poland: or we will make new high?
(1:33 PM) ajayvee: tues was the high, but i'm no predictor
redliontrader: I have DUG stopped out at 18.28 - @ 11:09am ?
(1:34 PM) bloomert: High already on Tuesday
(1:35 PM) thomas_Poland: you mean wendesday?
(1:36 PM) thomas_Poland: ES?
(1:36 PM) thomas_Poland: I think new highs today or tomorrow morning
(1:36 PM) thomas_Poland: yesterday was high ES
(1:36 PM) ajayvee: yes wed was high
(1:37 PM) bloomert: yes, meant wednesday
(1:37 PM) jaxbrown: How far do we ride bgu?
(1:37 PM) tomthetrader: 913.50
(1:37 PM) thomas_Poland: so lets make new one
(1:37 PM) hibuck2: NYSE A/D ++859
redliontrader: What is your official call on BGU?
redliontrader: Y
redliontrader: Y
(1:40 PM) DE_TTT: Tech Earnings tonight...DELL, MRVL, OVTI
(1:40 PM) tomthetrader: 1% trailing stop on BGU
redliontrader: 1% trailing stop = 32.48
redliontrader: BGU
(1:40 PM) tomthetrader: Thank you
(1:41 PM) arujunaa: bond update: iam looking to go position long over the next few days if we see further weakness. 3.90% on 10s is big support followed by 4.10%. will update if i pull the trigger. i will be scalping in between however.
(1:41 PM) jaxbrown: is trailing stop based on ask?
(1:41 PM) tomthetrader: Thank you Aruj...big supply coming again soon ....10's and 30's in next 10 sessions ?
(1:41 PM) tomthetrader: BID
(1:42 PM) arujunaa: supply will be relentless, yes.
redliontrader: STOPPED BGU @ 32.48 - Traders 100% Cash
(1:47 PM) azags: sold 8000 qld at 35.15 bought yesterday ah at 34.35. Now have a naked call position in qld june 34 calls
(1:49 PM) ajayvee: Naz A/D +8 Vol +2:1 ** NYSE A/D +600 Vol +1.8:1
(1:55 PM) nimesh_: tom, what u think of rssel still being red.....meaning is rut a leading indicator or lagging indicator?
(1:57 PM) tomthetrader: bad news as always
(1:57 PM) tomthetrader: RUT should lead as you can see UWM
(1:58 PM) nimesh_: ok, thanks
(1:59 PM) tomthetrader: I wanted to short 18.00 and Buy 17.25
(1:59 PM) tomthetrader: UWM
(2:03 PM) tomthetrader: 3 SLY 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
(2:03 PM) AL-7ANON: hi
(2:03 PM) thomas_Poland: wow
(2:03 PM) thomas_Poland: that was quick
(2:03 PM) AL-7ANON: how r u?
(2:03 PM) thomas_Poland: Tom you are getting fast
(2:03 PM) thomas_Poland: idiot
redliontrader: hope he's on the otherside of my trade
(2:03 PM) thomas_Poland: idiot
(2:03 PM) tomthetrader: AL-7ANON 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
(2:03 PM) ajayvee: lol
(2:04 PM) hibuck2: maybe full moon
(2:04 PM) thomas_Poland: snoop?
(2:04 PM) arujunaa: shake that thang
(2:04 PM) thomas_Poland:
(2:07 PM) jaxbrown: what are the chances for a run to 910 after 3:00pm?
(2:08 PM) tomthetrader: A/D lines
(2:08 PM) tomthetrader: ratios up down
(2:08 PM) eman11: AD NYSE +619
(2:08 PM) hibuck2: NYSE A/D +786
(2:08 PM) ajayvee: Naz A/D +45 Vol +2:1 ** NYSE A/D +630 Vol +1.8:1
(2:09 PM) hibuck2: $PCRCO .82
(2:09 PM) tomthetrader: Not good
(2:09 PM) hibuck2: $TNX 37.28
(2:09 PM) hibuck2: QCOM HOD
(2:10 PM) DE_TTT: 4G !
(2:10 PM) jaxbrown: Will close all call positions.
(2:11 PM) jaxbrown: On bgu and ddm
(2:14 PM) jaxbrown: dig up 6+%, what to do with dug?
(2:14 PM) tomthetrader: should be stopped OUT ?
(2:15 PM) tomthetrader: 4% stops on all 2-3x ETF's
(2:15 PM) tomthetrader: and moved up to 1% on any profits
(2:16 PM) tomthetrader: DUG was / is a contrary play on the economy but the economy is winning and it is a hedge against the longs in your portfolio
redliontrader: main & ira doing well, should we move stops up on those positions?
(2:17 PM) tomthetrader: yes ...the IRA and Main should be moved to break even purchase price
(2:18 PM) thomas_Poland: Tom will describe it in the book
(2:18 PM) thomas_Poland: it will be on the market in about 20 yesat
(2:18 PM) thomas_Poland: years
(2:18 PM) thomas_Poland:
(2:18 PM) thomas_Poland: yes
(2:18 PM) thomas_Poland: I still remember I got one with your signature
(2:19 PM) JR Roden: Free, with an autograph and a music CD
(2:19 PM) thomas_Poland: Pink trader
(2:19 PM) tomthetrader: leotards and vodka
(2:19 PM) tomthetrader: on a motorcycle
(2:19 PM) hibuck2: NYSE A/D +703
(2:19 PM) azags: we will have to change your name to Tom Clancy and that may help sales
(2:20 PM) thomas_Poland: Tom pinky malone
(2:20 PM) ajayvee: Bugsy Malone
(2:21 PM) hibuck2: QCOM another HOD
redliontrader: GS 145 puts June
(2:22 PM) ajayvee: GSRI
redliontrader: and ppt
(2:25 PM) tomthetrader: 6.20
(2:27 PM) desertone: Better watch that GS i have had my tail shorted instead.......
(2:28 PM) desertone: Am glad and I shall hold U to it !!!!!!!
(2:28 PM) DE_TTT: Humans yes, but what about the monkeys?
(2:28 PM) tomthetrader: DE !
redliontrader: OK.. on all green pos in Main and IRA BE Stops.. those over 1% profit trail 1% stops
(2:30 PM) tomthetrader: Thank you
(2:33 PM) eman11: what % for GS options in Traders?
(2:34 PM) tomthetrader: 5%
(2:34 PM) tcb66: Amazing strength with such a poor a/d line
(2:35 PM) berniectx: can we break 910 SPX today almost there??
(2:35 PM) tomthetrader: TCB 100% correct
(2:35 PM) tomthetrader: just lazy money buying ...but we have to respect PRICE
(2:35 PM) tcb66: 6000 on the NYA is just begging to be taken out to suck everyone in
(2:36 PM) tomthetrader: agree 100% but again we have to respect price and being short in a new BULL is not fun as we have found out ! ...so small positions and tight stops until we get some resolution
(2:40 PM) tomthetrader: tight stops and locking in profits is the key now
(2:40 PM) tomthetrader: you do not want to lose 1 penny as hard as we work for it
(2:42 PM) thomas_Poland: only few points to new highs for the week
(2:42 PM) tomthetrader: 908
(2:42 PM) tomthetrader: 914 high
(2:42 PM) thomas_Poland: 912.75 was the high of the week
(2:42 PM) JR Roden: Didn't TP predict at Thursday high for the week?
(2:43 PM) ajayvee: no Tue high, Thu low of week
(2:43 PM) thomas_Poland: no ajay
(2:44 PM) azags: So it was said by Thomas and so it would be done!
(2:44 PM) thomas_Poland: I said if we go lower on Tuesday the high of the week Thursday (which is not yet)
(2:44 PM) thomas_Poland: if we go higher on Tuesday high of the week on Tuesday
(2:44 PM) JR Roden: GS dropping nicely
(2:46 PM) tomthetrader: .GSRI will put stops at Break even
(2:47 PM) tomthetrader: 6.20 -6.50
(2:47 PM) tomthetrader: stops at 6.20 with 0 risk ....thepower of GS !
(2:52 PM) tomthetrader: ODDS are for a DOWN DAY TOMORROW
(2:54 PM) eman11: bid moved up to 6.25 - I have not been stopped out - yet.
(2:55 PM) tomthetrader: me neither ...we will see
(2:55 PM) tomthetrader: soon
(2:55 PM) tomthetrader: filled 6.21 which is weird !
(2:57 PM) eman11: mine still open - Should I hold and see if we get 140?
redliontrader: my stop triggered and then the exchange rejected the order?!
(2:57 PM) tomthetrader: really
(2:58 PM) tomthetrader: what is their excuse ?
(2:58 PM) tomthetrader: EMan hold ...take on GS mao e mano
(2:59 PM) tomthetrader: now move stops to 6.25 OK ?
redliontrader: I usually have an explanation.. there is just a dash - there
(2:59 PM) tomthetrader: POOP
(3:00 PM) tomthetrader: DELL EARNINGS 4pm
(3:00 PM) tomthetrader: Smart money in the game now
(3:00 PM) eman11: That is wierd Red. GS is going down. They don't have the capital I have, I will just keep shorting until they break
(3:00 PM) tomthetrader: YEAH
(3:02 PM) tomthetrader: again we jusr keep up / down ...up ....down
(3:11 PM) tomthetrader: Everyone OK ?
(3:11 PM) hibuck2: NYSE A/D +965
(3:12 PM) hibuck2: $PCRCO .79
(3:12 PM) tomthetrader: Not shabby ...but is it good enough ?
(3:13 PM) tomthetrader: TRIN on Naz BEARISH
(3:13 PM) eman11: Okey-Dokey - Still holding GS puts
(3:13 PM) tomthetrader: short NQ here ?
(3:13 PM) tomthetrader: move stop up a nickle OK
(3:13 PM) eman11: OK
(3:13 PM) tomthetrader: 6.30 stop
(3:17 PM) berniectx: done for the day made some lunch money be careful all
(3:18 PM) tomthetrader: sell at 6.45 orderin
(3:18 PM) tomthetrader: Thanks Bernie
(3:18 PM) tomthetrader: stop 6.30 sell 6.45
(3:18 PM) tomthetrader: they get you ?
(3:19 PM) tomthetrader: out of GSRI
(3:19 PM) tomthetrader: battle #1
(3:19 PM) eman11: Yep Stopped out at 6.30
(3:19 PM) tomthetrader: may reenter near the close
(3:19 PM) Freezinalberta: Tom I will be away from computer tomorrow, stay cash or short into tomorrow for weekend hold?
(3:19 PM) tomthetrader: or put a order in at 6.10
(3:20 PM) tomthetrader: I would take a 10% short position in a QID or DXD
(3:20 PM) tomthetrader: and hold over the weekedn
redliontrader: i thinks she's gonna go lower here
(3:20 PM) tomthetrader: maybe 500Shares
(3:20 PM) Freezinalberta: thanks again for your help
(3:21 PM) tomthetrader: 500 shares of QID or DXD SDS
(3:21 PM) tomthetrader: Thank you !
(3:22 PM) eman11: My mistake I didn't get stopped out. I guess I forgot to hit enter when I put in the stop. I still have the options -I got lucky. GS looks weak here should I just hold on.
(3:23 PM) Freezinalberta: For a newbie, trading covers all of your emotions. Highs and lows.
(3:23 PM) Freezinalberta: wild markets
(3:26 PM) tomthetrader: YES I reentered
(3:27 PM) tomthetrader: GS
(3:27 PM) tomthetrader: I still think it goes down ..but no crystal balls like Thomas !
redliontrader: CSCO Stopped @ 18.47
(3:28 PM) tomthetrader: ThANKS red
(3:28 PM) tomthetrader: Good trade
(3:29 PM) Harrod_t: Do you have a 1% stop on the ZF position
(3:30 PM) tomthetrader: yes
(3:30 PM) desertone: Looking @ BGZ if it brks 38
(3:31 PM) tomthetrader: RUT still down guys or ...we OK
redliontrader: I would trade ZF by hand.. not put in a viewable stop.. someone will steal it - fwiw
(3:32 PM) thomas_Poland: to make sure .. I think tomorrow higher
(3:32 PM) thomas_Poland: at least in the morning
(3:32 PM) tomthetrader: Thomas says tomorrow UP
(3:32 PM) thomas_Poland: for now ..
(3:33 PM) thomas_Poland: first research of tomorrow
(3:33 PM) thomas_Poland: I always have my indicator on 9:46
(3:33 PM) thomas_Poland: and today it said ... up close
(3:33 PM) thomas_Poland: we will see tomorrow
(3:33 PM) Freezinalberta: thanks red
(3:34 PM) eman11: Tom - Do you plan on holding GS puts overnight?
(3:34 PM) tomthetrader: yes
(3:35 PM) eman11: Do you any stops in place for today?
redliontrader: i bought into gs puts again 6.20
(3:37 PM) tomthetrader: great
redliontrader: eman stops on traders and main 1% from 2pm
(3:38 PM) tomthetrader: it had all the characteristics of a top short term
redliontrader: traders 100% cash.. gs i have off the books.. a tom training mission
(3:39 PM) tomthetrader: YES
(3:39 PM) tomthetrader: Thank you
(3:39 PM) tomthetrader: very well done guys
(3:41 PM) eman11: The only short term holding I have is GS puts. Tom do you have a stop loss on it or are going to wait until tomorrow
(3:42 PM) nimesh_: dell will be important for nasdaq
(3:42 PM) nimesh_: i don't see how they did better than hpq
redliontrader: HPQ stopped out at 34.53
(3:42 PM) nimesh_: tom, opinion on dell?
(3:43 PM) DE_TTT: I love how every banker can see the future now with complete clarity, but somehow didn't see the freight train coming 2 years ago.
(3:44 PM) eman11: Added more GS puts at 6.15
(3:47 PM) desertone: in BGZ at 37.80
(3:49 PM) hibuck2: NYSE A/D +1042
(3:49 PM) hibuck2: $PCRCO .75
(3:52 PM) hibuck2: Naz is above 13 days of close
(3:53 PM) hibuck2: 1751.97
redliontrader: T stopped out at 24.58
(3:56 PM) tomthetrader: Thanks RED
(3:56 PM) tomthetrader: GOOD WORK GUYS
(3:56 PM) tomthetrader: we will get this machine cranking out $$$$$$$$$$$$$$$$
(3:57 PM) tomthetrader: 904 really good support SPX ...again we got 888 -904 bullish but overdone ?
(3:59 PM) desertone: GS always sticks it's tongue out to shorts, gn everyone!1
(4:00 PM) tomthetrader: heavy selling on ES on the close
(4:00 PM) tomthetrader: 2.7 million
(4:00 PM) hibuck2: $COMS 1751.79 high close above the last 13 days
(4:00 PM) tomthetrader: contracts
(4:01 PM) desertone: Thanks Tom and gN
(4:01 PM) tomthetrader: Thanks
(4:02 PM) hibuck2: same on NQM9
(4:02 PM) eman11: At least GS closed under 145.
(4:02 PM) DE_TTT: DELL Dell prelim $0.24, ex items vs $0.23 First Call consensus; revs $12.34 bln vs $12.66 bln First Call consensus
(4:02 PM) tomthetrader: DELL beats
(4:02 PM) tomthetrader: Light on REV but beats
(4:02 PM) tomthetrader: hibuck NQ=BULL ?
(4:02 PM) nimesh_: huge miss on revenue though
(4:03 PM) hibuck2: yes
(4:03 PM) tomthetrader: Thanks
(4:03 PM) Freezinalberta: heading to Banff, have a good weekend. In 10% DXD
(4:04 PM) DE_TTT: JCG J. Crew prelim $0.34 vs $0.11 First Call consensus; revs $345.8 mln vs $322.11 mln First Call consensus
(4:04 PM) netherbow1: nite everyone - thxs for posts
(4:04 PM) DE_TTT: JCG J. Crew sees Q2 $0.08-0.12 vs ($0.02) First Call consensus
(4:04 PM) hibuck2: At least to month highs @1430.00 on NQM9
(4:05 PM) tomthetrader: These cup in handles inside cup and handles with lower highs ...is really starting to push us into Bullish breakout ?
(4:06 PM) DE_TTT: MRVL Marvell prelim $0.05 vs $0.05 First Call consensus; revs $521.4 mln vs $517.39 mln First Call consensus
(4:07 PM) tomthetrader: Thanks
(4:07 PM) tomthetrader: You have liked MRVL ?
(4:08 PM) DE_TTT: Yes...still do.
(4:08 PM) DE_TTT: Don't own right now, though...too extended in front of earnings.
(4:08 PM) hibuck2: RIMM 80.49 like hot air balloon up up up
(4:10 PM) tomthetrader: I had it in our portfolio from 39-46 and sold !!!!!!!!!!!!!!!
(4:10 PM) tomthetrader: Thought I was brilliant
(4:12 PM) tomthetrader: really only SELL is naz TRIN in a caution zone
(4:12 PM) tomthetrader: everything else high neutral
(4:12 PM) tomthetrader: market is correcting via time and not price
(4:12 PM) tomthetrader: can be bullish
(4:12 PM) tomthetrader: can lead to a huge drop
(4:12 PM) tomthetrader: we have to figure that out
(4:13 PM) tomthetrader: very good chance of a down day tomorrow
(4:15 PM) DE_TTT: 3% Revenue miss is not going to hurt DELL nuch, imo...when it's trading at 10x EPS and 3.5X EBITDA
(4:16 PM) tomthetrader: priced in is right ...like 90% of the semis and 4G etc???
(4:17 PM) eman11: Dell is flat AH
(4:17 PM) tomthetrader: will be interesting how it opens tomorrow
(4:17 PM) tomthetrader: like GS
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(4:22 PM) tomthetrader: you guys see the narrow range
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(4:35 PM) Alert: Hi , Welcome to TTT
(4:40 PM) ajayvee: today was up, so tomorrow must be down!
(4:48 PM) tomthetrader: GS lower now
(4:49 PM) tomthetrader: LOOKING at a 5% CORRECTION BY OPTIONS EXPIRY ...SO WE NEED TO PLAN AHEAD
(4:49 PM) eman11: Was there any financial related news AH- I see a lot of the financials are weak AH
(5:00 PM) Alert: Learn how chocolate chip cookies work better than waterboarding on terror suspects on News Talk Online in the Radio/TV Section NOW [Free Video]
(5:02 PM) tomthetrader: I think just the idea of tomorrows data
(5:02 PM) tomthetrader: many shorts being added again
(5:03 PM) tomthetrader: I am starting to short some OEX puts
(5:03 PM) tomthetrader: using cheap JUNE OEX puts
(5:03 PM) tomthetrader: just as a start4er position
(5:19 PM) DE_TTT: MRVL Marvell sees Q2 non-GAAP EPS of $0.07-$0.13 vs $0.07 First Call consensus; sees revs of $540-$580 mln vs $532.16 mln consensus
(5:19 PM) DE_TTT: Gave guidance on Conf. Call
(5:31 PM) Alert: Is the Obama administration trying to pressure the news media? That story NEXT on News Talk Online in the Radio/TV Section [Free Video]
(5:32 PM) tomthetrader: good guidance
(6:03 PM) billbTN: short es at close
(6:03 PM) billbTN: will watch overnight
(6:06 PM) tomthetrader: good ...
(7:02 PM) nimesh_: hi tom
(7:03 PM) tomthetrader: hey
(8:48 PM) FlooredU: hey
(8:48 PM) FlooredU: any1here
(8:51 PM) energy2x: no
