(8:29 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:29 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(8:30 AM) rekon8: EDZ you mention may hit 25 again, I hold 500sh higher from here, with India news should I unload at loss?
(8:30 AM) rekon8: good morning
(8:31 AM) rekon8: 10:30pm Guam time, man am I out of it. Traveling again.
(8:37 AM) tomthetrader: yes ...you should probably be out of any shorts short term
(8:39 AM) rekon8: puchased 1000 @ 26.17; sold 500 @ 29.15
(8:39 AM) netherbow1: are there any India stocks that you wld buy on election results TOM ?
(8:40 AM) rekon8: current B/A 17.43/60?
(8:40 AM) tomthetrader: INFOSYS
(8:40 AM) DE_TTT: IBN HDB
(8:40 AM) netherbow1: at 36.75 ?
(8:41 AM) netherbow1: wld you chase or wait ?
(8:45 AM) tomthetrader: wait
(8:45 AM) netherbow1: thxs
(8:53 AM) dhmohan1963: gm
(8:54 AM) tomthetrader: GM
(8:54 AM) azags: I have been long qld and some tna. Also 10000 qld was called away with covered calls Friday. I sold all my sso that I bought late Friday at 24.05 later Friday at 24.3 and 24.21
(8:54 AM) dhmohan1963: i have some bzg what should be my plan
(8:59 AM) hibuck2: GM All
(8:59 AM) hibuck2: my Paltalk keeps locking up any ideas?
(9:00 AM) ajayvee: have you rebooted your machine?
(9:01 AM) hibuck2: no but i will if u think that will help
(9:03 AM) tomthetrader: Yes ...you may have to reboot and log back in ....
(9:04 AM) rekon8: i've had much better luck with paltalk express vs paltalk scene
(9:06 AM) hibuck2: thxs
(9:06 AM) hibuck2: ill try it
(9:12 AM) Pete45: GM
(9:13 AM) hibuck2: GM again
(9:20 AM) TTTMichael: gm
redliontrader: http://pv.ttthedge.com is the new permanant address for the members only area for TTTHedge
(9:22 AM) ajayvee: do we need to login?
redliontrader: I think I have the portfolios right and the allocation correct if someone could verify...
redliontrader: no login required yet.. thanks everyone for filling out the membership data.. it is going to make things a lot easier going forward
redliontrader: if you click on the portfolio on the navbar, not on the pull downs, you will get a view of all the portfolios... I think the Current Allocation on the side bar is now correct
(9:24 AM) azags: y
(9:24 AM) Bert_TTT: y
(9:24 AM) Fulkdaddy: gm
(9:24 AM) ajayvee: g'mornin
(9:24 AM) Pete45: 1
(9:24 AM) rekon8: gm
(9:24 AM) hibuck2: gm
(9:24 AM) berniectx: gm
(9:24 AM) eman11: gm
(9:32 AM) billbTN: gm - i'm long from about 7:00 this am 3 es @888
(9:34 AM) tomthetrader: Be careful put those stops in
(9:34 AM) tomthetrader: anyone in from 875 should take some profits
redliontrader: Tom, TRADERS DUG now at 4% stop.. should we close it out?, DZZ up today
(9:45 AM) tomthetrader: we will close it out DUG
(9:46 AM) Fulkdaddy: i was bumped from Paltalk.
(9:46 AM) Fulkdaddy: A/D +1922
(9:47 AM) hibuck2: $TRIN .51 $TRIQE .60
(9:47 AM) hibuck2: $TNX 31.38
(9:50 AM) hibuck2: TRIN .78 TRIQE .64
redliontrader: DUG stopped out at 19.44
(9:50 AM) hibuck2: NYSE AD +2030
(9:52 AM) eman11: Thanks Tom - Great call
(9:53 AM) dhmohan1963: any price orders numbers for mcd.,pep
redliontrader: DUG Closed out of Traders +1.57 8.8% gain
(9:57 AM) nimesh_: paltalk has been really bad for me lately
(9:57 AM) tomthetrader: Nim ...you might want to delete and reinstall
(9:58 AM) nimesh_: ok, thanks tom, will try that
(9:58 AM) tomthetrader: did you take profits on your ES ?
(9:58 AM) tomthetrader: Or did not enter last night /
(9:58 AM) nimesh_: yes
(9:58 AM) nimesh_: at 891
(9:58 AM) tomthetrader: Nice
(9:58 AM) nimesh_:
(9:58 AM) tomthetrader: Eric ?
(9:58 AM) tomthetrader: Did Eric get a good run ?
(9:59 AM) tomthetrader: anyone else from last night get a good es run ?
(10:00 AM) azags: Tom I got good sleep instead of es run and of course I don't trade futures
(10:00 AM) eman11: Great run sold at 892.75 from 875.50 huge move - Thanks Tom
(10:00 AM) tomthetrader: Sleep is much smarter Zags !
(10:00 AM) tomthetrader: Your welcome E
(10:01 AM) tomthetrader: That is a great trade in futures
(10:01 AM) azags: Tom with this am run I will be able to afford quarter pounder at mcd and a pepsi
(10:02 AM) nimesh_: trin rising
(10:02 AM) tomthetrader: Yes...and soon a franchise !
(10:03 AM) Pete45: Tom –if there is going to be a small Treasury bubble…what do you think of the ETF TBT at this level
(10:03 AM) Fulkdaddy: Helene did her column on bonds this morning. I would read it prior to buying TBT
(10:04 AM) tomthetrader: Yes..I will send it now ..Thanks Dave
(10:04 AM) tomthetrader: with the caveat that 0 of the gurus have been right !!!!!
(10:04 AM) hibuck2: $TRIN .78 $TRIQE .78
(10:04 AM) hibuck2: $TNX 31.38
(10:05 AM) Fulkdaddy: A/D dpwm tp 1674
(10:05 AM) Fulkdaddy: down to
(10:05 AM) hibuck2: NYSE AD +1794
(10:05 AM) Fulkdaddy: We need Aruj
(10:06 AM) tomthetrader: Yes
(10:06 AM) Pete45: thanks Tom
(10:07 AM) arujunaa: got back from hawaii last night. need to catch up but will comment in a bit.
(10:07 AM) hibuck2: YHOO breaking friday low after Cramer pump it big time
(10:08 AM) azags: I had tip for a while and had to close out tip a few weeks ago at a loss although it paid a 5% dividend
(10:09 AM) Fulkdaddy: How was Hawaii, Aruj? What island?
(10:10 AM) Fulkdaddy: Cramer just posted the NASDAQ is signaling that we could come in a bit before any rally...he would not commit new positions here.
(10:11 AM) arujunaa: oahu. waikiki beach. it was last minute. but exactly what we needed. i slept for 4 days.
(10:11 AM) arujunaa: we went to maui last year
(10:11 AM) JR Roden: Nice Aruj - always good to have a couple days to catch up on some sleep.
(10:11 AM) nimesh_: which island u like the best?
(10:11 AM) Fulkdaddy: Sounds like a prefect vacation...destress and recharge the batteries
(10:12 AM) arujunaa: maui i think. hotels are great. my wife & i are really lazy on vacation and so hotels drive our decisions!
(10:20 AM) Fulkdaddy: Financials are leading....A/D +1748
(10:21 AM) hibuck2: $TRIN .67 $TRIQE .73
(10:21 AM) tomthetrader: Yes...amny big calls on banks ...GS our fave leading the charge
(10:21 AM) tomthetrader: GS up nicely from our recommended buy now stops up
(10:22 AM) tomthetrader: SEMIS and BANKS we are buying them both again
(10:24 AM) hibuck2: I holding for your guidance
(10:25 AM) azags: If the market stays up today above ndx 1362 at the close I will sell my longs some time today and consider going short at the close ot am tomorrow
(10:25 AM) hibuck2: $TNX 31.40
(10:25 AM) tomthetrader: moo de hpq calls
(10:28 AM) hibuck2: Ten Year HOD $TNX 31.45
(10:31 AM) hibuck2: $TNX 31.51
(10:32 AM) hibuck2: $TRIN .72 $TRIQE .81
(10:35 AM) tomthetrader: Thanks
(10:36 AM) arujunaa: bond update: i read barrons for the first time in a couple of years (lots of free time at the airport!). there are so many cross-currents that i can't see straight. for choice, at these levels, i want to be long. but i want to stress that this is a trader's market and not one in which people should sit on positions.
(10:36 AM) arujunaa: fundamentals aren't working, and technicals are getting chopped up daily - which is why i have scaled back on trading recommendations. there have been only singles & doubles.....no home runs.
(10:37 AM) arujunaa: i liked tlt at 95 & below, and then i told you to start lightening up at 96. that is how much conviction i have! over the next 4-8 weeks, i do expect 10s to head to 3% (currently 3.14%) on the back of seasonals, fed jawboning rates lower, and renewed realisation of economic weakness.
(10:37 AM) arujunaa: i also am not afraid of inflation (yet). finally, whenever barrons has a self-congratulatory cover as they did on sunday, i like fading it a la helene!
(10:37 AM) tomthetrader: Great ..very real
redliontrader: I am going to post Portfolio UPDATES in BLUE - First Tranche of PEP,MCD,UYG & USD in portfolio - http://pv.ttthedge.com/2009/05/all-portfolios.html
(10:38 AM) tomthetrader: Thank you RED
(10:38 AM) tomthetrader: Great work ...
(10:38 AM) tomthetrader: Thanks Aruj and Dave also
(10:38 AM) tomthetrader: for your comments
(10:38 AM) Fulkdaddy: Aruj, appreciate the candor. Sometimes the best trading decision is sitting on our hands...and waiting for our pitch
(10:38 AM) tomthetrader: weall look forward to them
(10:39 AM) eman11: Is that the first of 3 traunches for UYG and USD?
(10:40 AM) tomthetrader: Yes , RED should be right on here with avg. prices
redliontrader: yes. .. we are going to add 1/3 + 1/3 + 1/3 through the day
(10:41 AM) Pete45: in FAS and TBT
(10:41 AM) Fulkdaddy: Trend day here guys...supported by the A/D +1750...or reversal day at resistance of 894 on the /ES?
(10:41 AM) eman11: Thanks Tom and RED
(10:44 AM) Fulkdaddy: Russell and Nas leading the correction...they also lead the March 9th advance...is this a waring sign the correction has farther to go?
(10:45 AM) Fulkdaddy: S&P will catch up to the downside?
(10:45 AM) thomas_Poland: I think that if we go higher we can make top of the week today and bottom on friday mornig
(10:46 AM) Fulkdaddy: How high do we need to go to make a top Thomas? 900?
(10:47 AM) thomas_Poland: do not care about levels
(10:47 AM) tomthetrader: 904-910 with short term sell signals should happen by Tuesday next week minimum
(10:48 AM) tomthetrader: don't see a real breakaway here and look for a down day tomorrow
(10:48 AM) Fulkdaddy: good stuff men
(10:52 AM) tomthetrader: great minds !
(10:52 AM) hibuck2: TRINS droping $TRIN .48 $TRIQE .69
(10:52 AM) tomthetrader: QLD
(10:52 AM) tomthetrader: just broke pout ?
(10:53 AM) tomthetrader: out
(10:53 AM) hibuck2: QLD short term mvgavg on daily @ 37.33
(10:54 AM) hibuck2: 13 mvg avg
(10:54 AM) ajayvee: I like it cuz I'm in at 32.60
(10:54 AM) tomthetrader: OK
(10:54 AM) eman11: AD NYSE +1875
(10:55 AM) tomthetrader: 32.50 great entry and 32.60 you were in on the break out AJ
(10:55 AM) tomthetrader: Tremendous rally
(10:57 AM) tomthetrader: QLD Traders goal to get long
(10:57 AM) tomthetrader: 32.50 -75
(10:57 AM) ajayvee: are you playing NQM9 ?
(10:57 AM) hibuck2: sorry thiose numbers were on QID
(10:57 AM) tomthetrader: 33.00 now
redliontrader: I have TZA from 27.93 for a counter-trend scalp
redliontrader: Closed TZA 28.25 +.32
redliontrader: adding another 1/3 of MCD, UYG and USD here ... waiting on PEP for a pullback
redliontrader: Added MCD@53.23 USD@16.47 UYG@4.00
redliontrader: PEP pulll back to 50.66 added there
(11:12 AM) azags: I was briefly away from the computer but I was able to sell my 5000 tna at 25.2
(11:19 AM) hibuck2: BRCD HOD 6.14 earnings thu morning
(11:19 AM) ajayvee: QLD coming back into target range
(11:20 AM) billbTN: sold my 3es from this morning 888 for 10pts each. will rebuy at 900 if we go there
(11:21 AM) ctmhou: Good job Bill..........
(11:22 AM) billbTN: thx
(11:22 AM) ajayvee: added some QLD at 32.70
(11:22 AM) azags: Thomas is brilliant if he says we can make a top today because it coincides with my going short at the close or am tomorrow if market stays up.
(11:30 AM) hibuck2: PEP R-1 @50.75
(11:30 AM) TTTMichael: When I look at the
(11:32 AM) TTTMichael: When I look at the SentimenTrader intraday sentiment indicators, it shows that while we have rallied well this morning, sentiment has not caught up
(11:33 AM) TTTMichael: We may have a couple of days before short term sentiment flashes any warning.
(11:34 AM) TTTMichael: Long from Friday, added a little XLF this morning.
(11:38 AM) tomthetrader: Bottomline ...the market is in a bull stage and has done nothing wrong and our strategey of buying 3-5% correction s shouls and is providing Large profits
(11:47 AM) hibuck2: $TNX 31.75
(11:48 AM) arujunaa: one way selling in bonds. market trades long. if, IF, the market holds today, it will be in the 120.75/121.00 zone on tym9
(11:49 AM) arujunaa: i am watching the 121.00 level for a short term bounce.
(11:51 AM) DE_TTT: test
(11:52 AM) tomthetrader: test
(11:52 AM) tomthetrader: DE ...our entry of USD a good one ?
(11:53 AM) tomthetrader: YES ?
(11:53 AM) tomthetrader: breaking out
(11:53 AM) DE_TTT: Yes...semis still undervalued, imho
(11:54 AM) tomthetrader: you think usd is a good entry
(11:55 AM) nimesh_: tf not making new highs, and nq lagging
(11:55 AM) tomthetrader: yes
(11:55 AM) tomthetrader: catchup for ym
(11:55 AM) DE_TTT: Yes...i bot some USD and MU, CNXT, PMCS, RFMD, SCON, SPIL, PWAV this morning.
(11:56 AM) tomthetrader: if the high betas falter we will short soon
(11:56 AM) tomthetrader: 2% rut move 2% Dow move
(12:03 PM) tomthetrader: Call buying has just been relentless for 6 weeks
(12:04 PM) hibuck2: PEP pulling back 50.55
(12:05 PM) tomthetrader: need some better entries
(12:05 PM) JR Roden: Q's never got above Friday's highs
(12:05 PM) tomthetrader: sector rotation can be harmful to your health !
(12:08 PM) hibuck2: in PEP 50.56
(12:09 PM) arujunaa: fyi, i bought some tym9 june 122 calls (in bonds, june means may expiration - don't ask me why). tym9 currently 121.00. this could be harmful to my health......
(12:12 PM) tomthetrader: you will need those housing numbers to come in poor Aruj ?
(12:13 PM) DE_TTT: European Markets Closing Prices: FTSE: 4446.5 +98.3 +2.3%, DAX: 4852.0 +114.5 +2.4%, CAC: 3245.4 +76.3 +2.4%
(12:13 PM) arujunaa: yes tom. but i don't bet on the data anymore!!!
(12:14 PM) hibuck2: $TNX 31.73
(12:14 PM) hibuck2: $TRIN .64 $TRIQE .70
(12:15 PM) hibuck2: NYSE AD +1994
(12:17 PM) hibuck2: Tom lucky ur in FLA freezing here in Cleveland
(12:23 PM) tomthetrader: 1st cool snap down here 72 degrees ...brrrrrr
(12:24 PM) ajayvee: QLD making new HOD
(12:24 PM) tomthetrader: we had summer already
(12:24 PM) tomthetrader: QLD was another Missed opp
(12:24 PM) tomthetrader: Futures are breaking out now
(12:24 PM) tomthetrader: NQM9
(12:24 PM) tomthetrader: breakout
(12:24 PM) hibuck2: QID lod
(12:26 PM) tomthetrader: there will be selling here soon at 900 902 904 SPX cash
(12:27 PM) tomthetrader: until we break 910-914 there is still int term correction risk
(12:27 PM) tomthetrader: 900.00 now
(12:30 PM) tomthetrader: Thanks
(12:40 PM) tomthetrader: Again we are moving up stops on all PREIOUSLY purchased stocks
(12:41 PM) tomthetrader: our new purchases will get stops put in place tomorrow ...but the older GS DBA etc ...that are making good moves we have to adjust to lock in profits
(12:41 PM) tomthetrader: It was better to buy GSlong than short ...don't you all agree ?
(12:42 PM) tomthetrader: QLD was a BLOWOFF pick
(12:43 PM) tomthetrader: UYG USD HOD
(12:43 PM) tomthetrader: bears were just starting to feel good too
(12:44 PM) Pete45: out TBT +.81
(12:45 PM) tomthetrader: Nice trade Pete
(12:45 PM) Pete45: thx
(12:45 PM) tomthetrader: go with your instincts
(12:45 PM) azags: just sold my qld so I could buy coffee with my quarterpounder at mcd
(12:45 PM) tomthetrader: GURUS are 90% wrong
(12:45 PM) tomthetrader: Great trade Zags
(12:46 PM) azags: a good blowoff would make qid attractive later today
(12:47 PM) tomthetrader: agree 904 i will short...if trend day in question
(12:47 PM) tomthetrader: just about there
(12:48 PM) tomthetrader: 2-3% move sgetting back most of correction
redliontrader: how tight do we want the stops on old positions? 4%?
(12:49 PM) tomthetrader: Yes Please
redliontrader: TZA counter-trend scalp 27.58
(12:51 PM) tomthetrader: Thanks Red ...good luck here with 902 904 looming I am not too sure the market can plow ahead ?
(12:54 PM) azags: it is funny that previously monday was weak and I was going long at the close on Mondays and holding until close on Wed. This week is the opposite
(12:58 PM) tomthetrader: keep us on our toes
redliontrader: out tza 27.74 +.16
(1:05 PM) eman11: AD NYSE +1975
(1:13 PM) heath _71: test
(1:14 PM) tomthetrader: too many people shortin gthis rally ?
(1:16 PM) hibuck2: PEP looking Good 50.88
(1:16 PM) tomthetrader: yes
(1:16 PM) tomthetrader: good fill
(1:16 PM) tomthetrader: nice work
(1:17 PM) tomthetrader: and a turnaround tuesday is setting up ...look for a possible down Tuesday wed to set up a large rally
(1:21 PM) hibuck2: If PEP breaks Thursday high of 51.16 should be very positive
(1:21 PM) tomthetrader: agree
(1:22 PM) netherbow1: Do you have any opinion on COT TOM?
(1:22 PM) tomthetrader: COT the stock or the commitment of Traders ?
(1:23 PM) netherbow1: COT the stock
(1:23 PM) netherbow1: 52 week hi topday - not in - a possible takeover ?
(1:25 PM) tomthetrader: Possible takeover or short squeeze...up huge
(1:29 PM) hibuck2: I have the HOD on PEP right below 100 day mvg avg on daily
redliontrader: for our portfolio I am going to add here at 1:30 the last 1/3 to average our daily price
redliontrader: Add remaining 1/3 MCD@53.48 PEP@50.81 UYG@4.05 USD@16.68
(1:37 PM) Pete45: REd -these addition will be traders?
redliontrader: fills out the buys for Main and IRA
(1:38 PM) Pete45: k, thx
(1:48 PM) tomthetrader: and DZZ will move to main fund by WED if not sold ..as we can only keep positions in Trader up to 5 days
(1:48 PM) ajayvee: Naz A/D+1313 Vol +4:1 * NYSE A/D+1983 Vol +6:1
(1:48 PM) tomthetrader: Thanks AJ
(1:48 PM) tomthetrader: Good run here
(1:50 PM) Fulkdaddy: Short here Tom or at the close?
(1:51 PM) tomthetrader: at tyhe close we wil or 904 SPX cash
(1:52 PM) tomthetrader: Market acting very well...we need to hedge a bit with some shorts in futures or 3x etf's
(1:52 PM) tomthetrader: at 904 cash SPX
(1:56 PM) hibuck2: $TRIN .65 $TRIQE .78
(1:57 PM) hibuck2: $TNX 31.91
(2:05 PM) tomthetrader: Biotechs con't to get hit
(2:14 PM) Fulkdaddy: i have been booted from Pal talk quite a bit today...and I seem to be being attacked by spam...from Paltalk...where it directs me to spam websites.
(2:15 PM) Fulkdaddy: Anyone else having this issue?
(2:15 PM) arujunaa: yes dave
(2:15 PM) jbljudy: yes
(2:15 PM) Fulkdaddy: it has been happening for about two weeks now and I did not know if it was Paltalk or not
(2:15 PM) Fulkdaddy: but now see that it is
(2:15 PM) tomthetrader: I have had 0 problems but will inquire with paltalk again
(2:16 PM) ajayvee: no problems whatsoever
(2:16 PM) berniectx: been booted several times today also
(2:16 PM) Fulkdaddy: I will do to a paltalk help room to see if they can give us some direction.
(2:16 PM) Pete45: Upgrading fixed the issue for me Fulkdaddy
(2:16 PM) tomthetrader: sometimes you have to uninstall and reinstall or upgrade
redliontrader: no probs here
(2:16 PM) Fulkdaddy: How do you do that Tom?
(2:16 PM) DE_TTT: Fulk: I had those kinds of problems before upgrading to plus. I'm not sure if that's what did the trick or not...it's only been a week.
(2:17 PM) eman11: I had similar problems until I upgraded to paltalk plus for $40 per/year
(2:17 PM) ajayvee: must be all that clean living we do tom, red
(2:17 PM) Fulkdaddy: what is plus?
(2:17 PM) Fulkdaddy: paid service?
(2:17 PM) DE_TTT: Yes...$40 for a year. No more ads and loads chat room a lot faster.
(2:17 PM) tomthetrader: Just delete the or unistall the Paltalk Express and then install the new one ....takes about 2 minutes and usually works ...so much adware spyware etc..
(2:19 PM) Fulkdaddy: It shows PaltalkScene 9.7 as the download version...Tested Spyware Free...it says...so I will try it...see you all soon!
(2:19 PM) tomthetrader: Thanks
(2:22 PM) tomthetrader: we are getting short term over bought again...or is it just the bull
(2:22 PM) tomthetrader: gold not looking good ...which is good for us
(2:23 PM) hibuck2: There goes 100 day mvg avg on the daily PEP 50.93
(2:25 PM) tomthetrader: great
(2:27 PM) hibuck2: hope I did not speak too soon
(2:28 PM) tomthetrader: selling baskets here ...
(2:28 PM) tomthetrader: programs
(2:31 PM) Fulkdaddy: I am back on the new version...
(2:31 PM) heath _71: hope it works for you
(2:33 PM) heath _71: will upgrade too but having internet problems. this is steve_45 was it $40 Dave
(2:33 PM) eman11: Yes $40 is the cheapest upgrade plan called Paltalk Plus
(2:33 PM) heath _71: ty
(2:33 PM) Fulkdaddy: I did not upgrade to Plus...I just unintalled Paltalk and reinstallted the new version]'
(2:34 PM) hibuck2: PEP $50.95
(2:34 PM) tomthetrader: yes
(2:39 PM) tomthetrader: We will buy a 5% stake in BGZ in Traders here
(2:39 PM) tomthetrader: please pass along your fills
(2:39 PM) tomthetrader: anyone ?
(2:39 PM) tomthetrader: so Red can get our positions
(2:40 PM) heath _71: 39.34 here
(2:41 PM) bloomert: bgz 39.27
(2:41 PM) tomthetrader: 39.26
(2:42 PM) les13436: bgz: 39.24
(2:44 PM) JR Roden: SPX at 904.65
(2:44 PM) JR Roden: oops 903.65
(2:44 PM) hibuck2: just got 1138 TICK reading
(2:46 PM) tomthetrader: 905.19
(2:49 PM) hibuck2: BGZ 38.86
(2:49 PM) tomthetrader: Traders will be 10% short with BGZ at the close
(2:50 PM) eman11: Tom are shorting ES here?
(2:51 PM) tomthetrader: yes will try to add to ES shorts soon 910 Spx 904 SPX ES 904
(2:52 PM) thomas_Poland: rally into the bond close?
(2:52 PM) thomas_Poland: and selloff?
(2:53 PM) tomthetrader: or just blowoff? 910 SPX and be way too far over bought
(2:54 PM) thomas_Poland: 906 ES projected high
(2:54 PM) thomas_Poland: or 908.75
(2:55 PM) tomthetrader: we will add our other 5% BGZ here OK ?
(2:55 PM) tomthetrader: by 3:00pm BGZ
(2:56 PM) tomthetrader: 38.82
(2:56 PM) tomthetrader: 10% short with BGZ
(2:57 PM) tomthetrader: so we are just hitting 10% short large caps and 5% short gold
(3:02 PM) eman11: AD NYSE +2219
(3:03 PM) tomthetrader: great breadth
(3:03 PM) tomthetrader: amazing rallies ....Bull market
redliontrader: had to run to get lunch.. back now.. added traders in portfolio 5% @ 39.27 and another at 38.82 avg 10% @ 39.04
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(3:14 PM) tomthetrader: Thanks RED
(3:18 PM) ajayvee: red, BGZ shows as a "long" position in the current allocation chart, even tho it is a bear position. Why doesn't it show just like DZZ
(3:26 PM) ajayvee: NYSE A/D Vol +10:1
(3:28 PM) tomthetrader: wow ! another Zweig Buy signal
(3:29 PM) DE_TTT: Yowza!
(3:29 PM) DE_TTT:
redliontrader: yes.. good catch AJ
redliontrader: This was a problem for me
redliontrader: I have a column these short funds that you go long in to go short ...when I get good I will database the funds,, now I need to enter an L or S if the position is Long or Short..
(3:31 PM) ajayvee: does the Zweig buy signal have to be at the close? because it is down to 8:1 now
(3:31 PM) netherbow1: what does ZWEIG stand for please ?
(3:32 PM) ajayvee: Dr Martin Zwieg - read "Winning on Wall Street"
(3:32 PM) netherbow1: thxs
redliontrader: Zweig = Zero Weight Entry on Initial Growth
(3:32 PM) netherbow1: thxs again
redliontrader: nether.. i am just - zwieg is as Ajay said
redliontrader: AJ.. the portfolio should be correct now
(3:34 PM) DE_TTT: Zags...you there? Any thoughts on SCON?
(3:34 PM) ajayvee: yes it is
(3:38 PM) azags: I have been away from the computer but had a limit order to buy 5000 qid at 37 which was hit. I may sell for a quick profit
(3:40 PM) les13436: Closing imbalances ia on the buy side.
(3:43 PM) billbTN: selling my re-buy of 3es from 900 at 905-tp says 906 is the hod
(3:43 PM) tomthetrader: 17 minutes
(3:47 PM) tomthetrader: 13 minutes til tea
(3:49 PM) billbTN: i have a MOC order to short 1 es - will add to it in the overnight
redliontrader: I have vix about to break below 30
(3:50 PM) tomthetrader: we will add another 10% of BGZ on the close
(3:51 PM) tomthetrader: So we will be 20% short BGZ on the close using the closing BGZ price as our 3rd piece
(3:53 PM) tomthetrader: again we will use BGZ closing price for 3rd wave
redliontrader: Buy on Close 10% BGZ ..
(3:57 PM) tomthetrader: Yes
(3:57 PM) tomthetrader: Talk about a TREND DAY
(3:58 PM) tomthetrader: My Gosh this is 1999 Blowoff
(4:01 PM) azags: bought bgz at 38.15 and bought tza at 26.5
(4:02 PM) netherbow1: nite everyone - thxs for posts
(4:03 PM) tomthetrader: anyone wonder if we are in a Bull market ...?
(4:03 PM) hibuck2: gn netherbow
(4:03 PM) ajayvee: so why are we getting BGZ?
(4:04 PM) tomthetrader: severely overbought on a 1-5 day basis
(4:04 PM) ajayvee: so you still think turnaround down tuesday?
(4:04 PM) TTTMichael: So, we settle back then rally into Friday??
(4:04 PM) tomthetrader: yes ..that is what I said this morning in my update and all day long
(4:05 PM) TTTMichael: Yes, and probably rally into early June??
(4:05 PM) tomthetrader: Neverv thought we could ever get 240 Dow points as did anyone else in the world
(4:05 PM) hibuck2: we must be in a bull market because I have friends making big money and they don"t even know what a stop loss order is!!
(4:06 PM) TTTMichael: They will find out the hard way someday.
(4:06 PM) tomthetrader: ppt +...we should be long 70% overall and short about 10% using all models
redliontrader: added another 10% BGZ at 38.08 on close 20% now average price @ 38.56
(4:07 PM) tomthetrader: 908.75 is the HOD ES and still going
(4:08 PM) eman11: Are you looking to short ES?
(4:10 PM) tomthetrader: 'Yes 908.00 here
(4:13 PM) azags: I anticipate my short positions may be for very short term but I will wait for Thomas to give me the answer through his company Vector Vest
(4:14 PM) tomthetrader: Yes ..he will update with VV buy signals ?
(4:15 PM) netherbow1: I do not see the portfolio holdings on the new site - it is just for the short term trades? What is the site again re portfolio holdings please.
(4:16 PM) tomthetrader: http://pv.ttthedge.com/2009/05/all-portfolios.html
(4:16 PM) netherbow1: Sorry but I had to go back to factory settings last week and lost data - hope not a nuisance
(4:17 PM) netherbow1: thxs TOM
(4:17 PM) tomthetrader: No..let us know if you need anything
(4:18 PM) netherbow1: thxs - am making notes now so will have it in case another computer issue
(4:19 PM) tomthetrader: No problem ..we bite we squeeze we aim to please ...
(4:19 PM) netherbow1: lol
redliontrader: i ran my autotrader today and it did great.. allowed me to tweak the portfolio stuff a little.. Here is a cheat sheet I threw together.. I will put in in a help category on our website. http://twitpic.com/5g1gy/full
(4:22 PM) tomthetrader: Did we get a Zweig 9-1 up down volume day ?
(4:23 PM) tomthetrader: Nice work Red
(4:24 PM) don_2007_: oh... i like that red... thanks
redliontrader: gotta run to a lacrosse game... We were very close to 9:1 .. the a/d race lines pretty straight across today
(4:26 PM) JR Roden: That
(4:26 PM) JR Roden: was cool Red
(4:27 PM) Pete45: nice work on the cheat sheet -Thanks Red
(4:56 PM) badvibz: hey room
(4:57 PM) badvibz: http://70cents.net/?r=gazaman
(4:57 PM) badvibz: http://70cents.net/?r=gazaman
(4:57 PM) tomthetrader: badvibz 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
(5:00 PM) Alert: Obama and Netanyahu have met. What are the prospects for peace? Find out and give YOUR opinion on News Talk Online in the Radio/TV Section NOW [Free Video]
(5:33 PM) Alert: Obama and Netanyahu have met. What are the prospects for peace? Find out and give YOUR opinion on News Talk Online in the Radio/TV Section NOW [Free Video]
(6:28 PM) ajayvee: These were the final numbers I had for A/D: Naz A/D+1624 Vol +6.18:1 ** NYSE A/D+2286 Vol +13.5:1
(6:30 PM) tomthetrader: a real beaut
(6:30 PM) tomthetrader: another climax
(6:31 PM) ajayvee: and I wasn't even breathing hard
(7:08 PM) tomthetrader: your bad AJ
(7:08 PM) tomthetrader:
(8:00 PM) Alert: Time for the Obie awards - the Off Broadway and Off-Off Broadway awards LIVE from New York's Webster Hall brought to you by the Village Voice EXCLUSIVELY in the Radio/TV Section of Paltalk!
(10:44 PM) ajayvee: boy, this futures action will put you to sleep....g'nite
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(2:16 AM) loose _ends:
(6:37 AM) netherbow1: good morning
(6:38 AM) tomthetrader: Hi ...I am leaving for the day (2pm or so ) as my wife has minor surgery ...I will see you after 2pm !
(6:39 AM) tomthetrader: 4% stop on BGZ and DZZ
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(6:48 AM) netherbow1: I hope the surgery goes well TOM
(8:23 AM) heath _71: gm
(8:24 AM) hibuck2: gm all
(8:24 AM) netherbow1: hi - if #s are ok it looks like a green start
(8:24 AM) heath _71: agree although a little over bought if that means anything anymore
(8:25 AM) netherbow1: agreed - stops a must
(8:27 AM) azags: in the premarket you could have loaded up on short etfs. I started going short late yesterday and added this early am. qid is already higher than the close yesterday
(8:28 AM) hibuck2: like I said yesterday my friends that don"t trade for a living and don"t even know what a "stop order is " are making money the public is piling in !
(8:33 AM) hibuck2: housing starts april down 12.8%
(8:54 AM) hibuck2: paltalk keeps locking up the traders that have upgraded to extream was it worth it?
(8:55 AM) ajayvee: haven't had a problem since upgrading, about 10 months now.
(8:56 AM) hibuck2: thxs AJ i guess I will do it see ya in a few
(9:00 AM) hibuck2: I like it allready no Banner Adds!!
redliontrader: GM Everyone... Tom out til 2pm today.. No Audio this AM
(9:01 AM) netherbow1: thxs REDLION
(9:01 AM) hibuck2: GM Red
redliontrader: Portfolios are updated and the the new trader's note corner has the marching directions
redliontrader: http://pv.ttthedge.com/2009/05/all-portfolios.html
(9:02 AM) steve_45_4: ok see it ty Red
redliontrader: I added a new help page to the website this morning.. a new cheat-sheet - hit help on the nav bar
(9:05 AM) netherbow1: GMCR announced a 3 for 2 split - maybe it runs
redliontrader: I will try and trade the TTT portfolio's as "mechanical" as I can... you should be able to do better but you need to do you own trades..
redliontrader: So far I have done better on the entries in my personal accounts than what is posted...
(9:07 AM) azags: Redlion thanks for all the work you are doing. I am going to tell Thomas to give you a large tip
(9:07 AM) JR Roden: Good work. Just keep us posted Red.
(9:07 AM) azags: J
(9:08 AM) azags: JR did you buy the usual 4 million shares of qid that we usually buy on going short?
redliontrader: Thanks.. everyone is helping... Today I expect we will be hitting a lot of stops since they are so tight.. I am working to implement these in our portfolio automatically... today we have to have "mental" stops... so before I go "mental" if everyone can keep an eye out and watch for stop values that would be helpful
(9:11 AM) JR Roden: Zags - yes, I'm in for 4M shares short
(9:12 AM) azags: Early am today was beautiful in the premarket to get even better prices on short ETFs. I am finding that when I get a signal at the close as I did yesterday you often get better prices the next am. I will be short until at least the close tomorrow based on data but I often jump and take profits early
(9:12 AM) JR Roden: David Nichols - Fractal Market Report - expects a downward reaction is likely at 914 SPX.
(9:13 AM) JR Roden: If you got in this morning, you are already doing well.
(9:19 AM) azags: I started establishing short positions towards the close yesterday and added this am. Yesterday I also got qid at 37 aqnd added at 36.9. I bought tza at 26.5 and bgz at 38.15. I missed late yesterday from selling naked qld june 34 calls (qlafh) to open at 2
(9:41 AM) dhmohan1963: gm
(9:45 AM) les13436: Is this thing working? Kicked off 3 times today??
(9:45 AM) eman11: AD NYSE -25 NAZ -313
(9:51 AM) TTTMichael: I upgraded to "Plus" as Dave recommended yesterday. Seems to be working OK.
(9:51 AM) hibuck2: les I upgraded today working great no banner adds
(9:52 AM) TTTMichael: Yes, no ads.
(9:54 AM) eman11: I think the ads were causing all of the problems - since I upgraded to plus I have had no problems
(9:55 AM) thomas_Poland: I hope we can go down now to the end of the week on Friday morning
(10:01 AM) JR Roden: TZA is up .74 / 2.8%
(10:01 AM) eman11: AD NYSE - 520 NAZ - 600
(10:06 AM) eman11: Maybe we will get a trend day down
(10:09 AM) hibuck2: $TRIN .65 $TRIQE .58
(10:09 AM) hibuck2: $TNX 32.45
(10:12 AM) nimesh_: rut weakest today
(10:15 AM) hibuck2: TRINS r droping $TRIN .52 $TRIQE .43
redliontrader: As of 10:15 I have two stops.. UYG@4.13 and USD@16.86
redliontrader: I don't see a trend day... market open'd very netural .. My current trend indicators are slightly up in the bullish direction.. although could spin on a dime
redliontrader: Vix is below 30, first time since sept. of last year
(10:20 AM) eman11: AD NYSE - 172 NAZ -562.
(10:21 AM) eman11: Let's see if the VIX can close below 30. I don't think it will close below 30 today.
(10:23 AM) azags: I sold 5000 tza at 27.60 that I bought late yesterday at 26.5. Hope to do it again
(10:24 AM) eman11: Nice Trade Zags
(10:28 AM) ajayvee: new highs
(10:28 AM) les13436: Fast Money said that when ever the VIX closes below 30 the S&P is up at least 6% in 6 months.
(10:30 AM) eman11: Zags it looks like you will get to do it again
(10:31 AM) Alert: Important programming note. 12:30 PM NY time Clinton Paki aid package/1 PM NY time Obama car emissions standards announcement LIVE News Talk Online Radio/TV Section
(10:33 AM) hibuck2: $TRIN .43 $TRIQE .37
(10:33 AM) hibuck2: $TNX 32.69
(10:34 AM) eman11: AD NYSE +618 NAZ +183
(10:38 AM) ajayvee: where are stops on BGZ?
(10:40 AM) eman11: BGZ-Trailing 4% stop from the 10:30am price.
(10:40 AM) ajayvee: anybody adding down here? or getting other shorts?
(10:44 AM) bogdan07: add BGZ 37.5
(10:44 AM) eman11: I added a little more BGZ and a little TZA - 915 will be tough resistance
(10:47 AM) hibuck2: +QID @36.55
redliontrader: yes, that 914 915 area on SPX looks like an ok place to add short.. tight stops... I have a scalp in TNA from 26.00 assuming we are going to test again
(10:53 AM) azags: This is great. I have an opportunity to buy tza again but much lower
(11:00 AM) nimesh_: zags, ui buy tjat tza yet?
(11:03 AM) azags: no I have a lower limit order at 26.5. I still have bgz and qid which are under water but my profit on tza helped this am. Remember there is usually a pop up at lunch
(11:13 AM) hibuck2: $TRIN .68 $TRIQE .49
(11:13 AM) hibuck2: $TNX 32.58
(11:15 AM) hibuck2: NYSE AD+482
(11:30 AM) eman11: 910 proving to be support just sold TZA and my additional BGZ for a nice profit
(11:32 AM) Alert: Important programming note. 12:30 PM NY time Clinton Paki aid package/1 PM NY time Obama car emissions standards announcement LIVE News Talk Online Radio/TV Section
(11:49 AM) eman11: Anybody else looking to short when we hit 915 SPX?
(11:50 AM) JR Roden: Yes, I think that might be a good spot for a short w/tight stops.
(11:51 AM) hibuck2: still short QID @36.55
(11:54 AM) TTTMichael: I still think we are in an intermediate bull move so I can be long, very long, or flat. Now I am long high yield, FXI, X, and XLF. I know, very boring!!
(12:00 PM) ajayvee: the old adage "Never short a dull market" comes to mind
(12:15 PM) eman11: NYSE +839 NAZ -72 Big Divergence
(12:18 PM) ajayvee: but A/D Volume the same for both: +2.4:1
(12:27 PM) ajayvee: there's zag's TZA 26.50
(12:33 PM) nimesh_: too scared to short the rut
(12:35 PM) azags: aj no the immediate low of tza was 26.52
(12:36 PM) nimesh_: also as a caution, rut is laggard today,....who knows if t will catch up with others or it is leading indicator to downside
(12:38 PM) Alert: Hillary Clinton's announcement of humanitarian aid to Pakistan LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(12:41 PM) azags: I am going to call PPT to hold off today since I am net short. Any other requests?
(12:42 PM) ajayvee: tell them to unload some of all they were buying the last couple weeks
(12:53 PM) azags: I also sold to open finally qld june 34 calls at 1.95. They are still underwater with last trade at 2.1 until the market comes down today or tomorrow
(12:53 PM) azags: that symbol is qlafh
(12:56 PM) JR Roden: TZA (3x bear) has moved up to test the downtrend line that has been resistance for a couple days on 5 min chart. Let's see the bears win and that resistance line be broken.
(12:57 PM) hibuck2: $TRIN 1.15 $TRIQE .41
(12:58 PM) hibuck2: $TNX 32.36
(12:58 PM) azags: jr earlier today tza moved up to 27.62 and I was lucky enough to have a limit sell at 27.6
(12:58 PM) hibuck2: NYSE AD +736
(1:01 PM) hibuck2: JR same on QID on 5min cannot get through the 50 day mv avg
(1:01 PM) nimesh_: rut only index tht is red
redliontrader: Is it going to breakout here?
redliontrader: I am test broadcasting my AD Race chart live at: http://pv.ttthedge.com/2009/05/all-portfolios.html... this is live audio begin tested with it also.. you can mute if you wish of course.. If some mac people could feedback that it works that would be great
(1:32 PM) eman11: Just bought a little TZA with tight stop at 25.95
(1:33 PM) bogdan07: +SDS 57.1
(1:34 PM) hibuck2: $TRIN 1.26 $TRIQE .39
(1:36 PM) hibuck2: NYSE AD +978
(1:36 PM) thomas_Poland: red .. the music on the site .. is it for always?
(1:39 PM) eman11: Anybody else short at SPX 915?
redliontrader: added bgz
redliontrader: tp no... just need to know if it is working
(1:40 PM) thomas_Poland: please ..
(1:40 PM) thomas_Poland: turn off
(1:40 PM) hibuck2: I vote to keep it
(1:40 PM) thomas_Poland: or give me some Snoop Dogg music
(1:40 PM) thomas_Poland:
(1:40 PM) ajayvee: I'm short ES at 914 which is probably about the same
redliontrader: there is a + - button on the player to turn off music..
(1:41 PM) thomas_Poland: where is it ?
(1:41 PM) ajayvee: you can turn down the music yourself thomas
(1:41 PM) thomas_Poland: oh . ok
(1:41 PM) eman11: Nice Price ajay I tried to short ES at 914, but I missed it and didn't get filled
(1:41 PM) thomas_Poland: thanks
(1:42 PM) thomas_Poland: red what are those blue dots on the stream?
(1:43 PM) thomas_Poland: russel?
redliontrader: yes, i thickend the lines for the b'cast and for some reason the R2000 came out dotted...
redliontrader: orange horizontal line is the 0 line
(1:45 PM) thomas_Poland: cool thing .. what is this stream?
(1:45 PM) thomas_Poland: what is the source?
redliontrader: my 2nd monitor on tradestation
(1:45 PM) thomas_Poland: oh .. you have camera on it ??
(1:45 PM) thomas_Poland:
(1:45 PM) thomas_Poland: nice
redliontrader: no, capture straight from desktop no webcam
(1:46 PM) thomas_Poland: nice too
(1:46 PM) thomas_Poland:
redliontrader: member les turned me onto the service this AM..
(1:47 PM) thomas_Poland: now make Tom to show us his 14 indicators this way
redliontrader: We are always looking for an alternative to PalTalk and Chat.. I wasn't planning on solving that problem before the site goes live June 1st ..
(1:56 PM) ajayvee: Naz A/D +80 Vol +2.2:1 ** NYSE A/D +870 Vol +1.7:1
redliontrader: added TZA
(2:07 PM) eman11: Let's see if SPX can fall through 910
(2:11 PM) JR Roden: DJI is now negative ... barely
(2:12 PM) nimesh_: trin rising
(2:12 PM) JR Roden: TZA went right up to test the downtrend line again. It's about time to break through that resistance line.
redliontrader: we need to see the R2000 turn on the A/D race.. The dotted blue.. all the others are showing weakening.. or catching their breath?
(2:17 PM) hibuck2: $TRIN 1.27 $TRIQE .46
(2:17 PM) eman11: JR at about what price does TZA need to get to in order to break through the downtrend line.
(2:17 PM) hibuck2: $TNX 32.47
redliontrader: This is where I miss Tom.... He is so good at reading these battleground... to me it looks like it is getting ready to attempt another breakout at the HOD
(2:21 PM) eman11: I think you may be right I just sold TZA made a whopping .13, but a profit is a profit
redliontrader: eman.. I'd take .13 right now..
redliontrader: For those just back from lunch... we are broadcasting live (actually about a 1 minute delay) my A/D race indicator at http://pv.ttthedge.com/2009/05/all-portfolios.html in the live charts window. We are looking into how to present live charts.. please let me know if there are any technical problems.. I am looking for feedback from Mac users.. There is audio streaming with the video.. It is to test the audio load and quality.. not a test on my taste of music.. please give me feedback..
(2:29 PM) Alert: Message was not sent. The message was too long or contained non printable characters.
redliontrader: For those just back from lunch... we are broadcasting live (actually about a 1 minute delay) my A/D race indicator at http://pv.ttthedge.com/2009/05/all-portfolios.html in the live charts window. We are looking into how to present live charts.. please let me know if there are any technical problems..
redliontrader: I am looking for feedback from Mac users.. There is audio streaming with the video.. It is to test the audio load and quality.. not a test on my taste of music.. please give me feedback..
(2:33 PM) eman11: Just bought TZA again 26.06 tight stop at 25.95
(2:33 PM) csu30: I recall Tom mentioning that 1410 NDX was formidable resistance
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(2:39 PM) Pete45: the website looks good on firefox..the monochrome color scheme is nice and made it readable -but whats the meaning of " PV" in the address?
redliontrader: pv is short for private.. www redirects to the public area.. pv redirects to the private members only... The private website is actually a different site
(2:42 PM) thomas_Poland: go to pv.mybedroom.com ... oops I mean www
(2:42 PM) thomas_Poland:
(2:47 PM) nimesh_: tf breakout
(2:53 PM) eman11: Stopped out of TZA
(2:54 PM) ajayvee: missing tom's last hour market prediction
(2:55 PM) ajayvee: ...and closing guesses
(2:56 PM) nimesh_: where is tom?
(2:57 PM) ajayvee: taking care of his wife after some minor surgery
(2:57 PM) nimesh_: ok, thanks
(2:58 PM) nimesh_: TF tested it's globex highs
redliontrader: Tom will not make it back today... he sent mail at 1:15(?)ish.. all is ok
(2:58 PM) nimesh_: good to hear
redliontrader: TP... what will the close be.. I am terrible at the last hour
(2:58 PM) thomas_Poland: today my indicator is useless
(2:58 PM) thomas_Poland: it should be positive ...
(2:58 PM) thomas_Poland: but I pray for lower prices so my mind power can make it go much lower
(2:58 PM) thomas_Poland:
(2:59 PM) thomas_Poland: my odds for positive close are only 55%
(2:59 PM) thomas_Poland: not much
(2:59 PM) thomas_Poland: I am excited when I have 70 and more
(3:00 PM) thomas_Poland: anybody waatches vwap?
(3:01 PM) thomas_Poland: today every pullback bounced from vwap
(3:01 PM) thomas_Poland: I will delete it from my screen
(3:01 PM) thomas_Poland: and that should push it lower
(3:02 PM) ajayvee: lol
redliontrader: The day has picked up trend day qualities have hitting the lows this am.. We could just roll right into a higher close.. there is no selling, lowest tick today was -650.. pretty high
(3:04 PM) les13436: find VWAP a very valuable tool, especially for scalping day trades.
(3:06 PM) thomas_Poland: and the use with stand dev bands is even better ?
(3:06 PM) thomas_Poland:
(3:09 PM) thomas_Poland: and very close to vwap on pullbacks we had 200 sma on globex chart
(3:09 PM) thomas_Poland: those both can be good support / resistance areas
(3:10 PM) thomas_Poland: today in the morning we just cleaned every sell stop from globex and now they are going to run buy stops?
redliontrader: TP.. I would think bounces from VWAP very bullish
(3:12 PM) thomas_Poland: tick levels are a little tricky
(3:13 PM) thomas_Poland: as what levels we hit it depends on data vendr
(3:13 PM) thomas_Poland: vendor
redliontrader: lots of traders get paid on beating VWAP
(3:13 PM) thomas_Poland: and all data vendors suck .. some suck less
(3:13 PM) eman11: spx back below 915
(3:14 PM) thomas_Poland: yes red bounces from vwap bullish
(3:14 PM) thomas_Poland: agree
(3:23 PM) csu30: So far, 1410 NDX continues to repel advances. Let's hope it continues.
redliontrader: I have the offical stop on BGZ today at 3.16, today low was 3.18.. so we are not stopped out yet..
redliontrader: Only stops I have so far today were USD and UYG stopped out in the morning pullback.. anyone agree? Disagree?
(3:24 PM) steve_45_4: you mean 37.16 on BGZ stop?
redliontrader: yes.. sorry.. I guess my 7 doesn't work..
(3:25 PM) steve_45_4: lol
(3:25 PM) steve_45_4: np
(3:28 PM) nimesh_: feels like they are going to ram it up
(3:30 PM) ajayvee: what price is your stop based on red?
redliontrader: 4% from hod
(3:32 PM) azags: I pressed the button for the market to go down
redliontrader: good selling.. pushed the R2K a/d negative
(3:32 PM) ajayvee: is that the "ttt way"? I was basing it on my average cost
(3:33 PM) nimesh_: red, what are u thinking here with russel weakness
(3:34 PM) nimesh_: nq strongest
redliontrader: it is significant when any a/d moves across that line...
(3:35 PM) eman11: It will be interesting to hear what Tom's indicators are at. The market looks extremely tired here, especially if we close positive today.
redliontrader: ajay.. ttt trailing stop... I quess I don't know the TTT way for sure.. when I think of 4% trailing stops I think live trailing stops from current prices... we will check with Tom
(3:38 PM) azags: is hpq earning today after the close?
(3:38 PM) ajayvee: yes
(3:38 PM) thomas_Poland: come on . .die bulls!
(3:39 PM) thomas_Poland: again .. 200 sma on gloex chart
(3:39 PM) thomas_Poland: this is insane
(3:39 PM) ajayvee: and HPQ is near its HOD
redliontrader: I think lower again..
(3:43 PM) ajayvee: nice call red
(3:44 PM) eman11: I thought the trailing stop is a live moving stop - set at 10:30 so if the high of the day happened after 10:30 then the trailing stop for BGZ would be HOD - 4% HOD is 38.20 - 4% = Trailing stop of 36.67
(3:45 PM) ajayvee: yes, eman, I had a stop at 36.68
(3:46 PM) ajayvee: that's why I questioned the 37.16
(3:47 PM) eman11: luckily none of us will hit the stops today
redliontrader: Yes, I just put up the daily bar and took the HOD. That occured before 10:30... Now it is interesting that I have the high after 10:30 as 38.11 occurring right at 10:30am
redliontrader: Where did you get you 38.20 eman?
(3:53 PM) JR Roden: let's see 910 give way here.
(3:53 PM) azags: I did Thomas a favor and allowed the market to go down
(3:54 PM) nimesh_: nice drop
(3:54 PM) steve_45_4: CSCO also should be close to 2% stop now
(3:55 PM) ajayvee: are we holding BGZ?
(3:55 PM) steve_45_4: imo yes
redliontrader: tp called it... with his 55% number
(3:55 PM) eman11: I might have put in my trailing stop a minute or two early that could be difference.
(3:55 PM) azags: I rebought tza at 26.50 which was far under water and is now profitable by small amount
(3:58 PM) ajayvee: I got stopped out of TZA earlier but reentered at 25.87
(3:58 PM) eman11: I re-bought TZA at 26.06 earlier and got stopped out at 25.95. I am 2 for 3 with TZA today, but this last one stings a little
(3:59 PM) azags: I just sold 2000 shares of tza , a portion of my holding at 26.78 that was bought at 26.50
(3:59 PM) ajayvee: I'm really liking this close
redliontrader: ok.. i understand... you are using your trading platforms trailing stop #'s after entering the order... my mistake trying to do it by hand.. Officall stop is 38.11 -4% = 36.59 not 37.11 as previously published
(4:00 PM) steve_45_4: was just stopped in Csco with nice profit
redliontrader: steve was that from a 2% stop?
(4:01 PM) Pete45: got in FAS at 9.68 -looking to se in AH for a scalp
(4:01 PM) steve_45_4: yes 2% trailing stop
(4:02 PM) steve_45_4: if i am correct
(4:03 PM) steve_45_4: had high today of 19.35 X 98% = 18.96
(4:03 PM) steve_45_4: not sure if that is what Tom does
redliontrader: yes, I got 18.96 too..
redliontrader: good job!.. I got a stop on GS too
(4:04 PM) netherbow1: thxs REDLION - great job!
(4:04 PM) JR Roden: OK tom, put on your TTT hat and give us your prediction for tomorrow.
(4:06 PM) azags: hpq is selling off
redliontrader: thanks nether.. good job to everyone for hanging in today... Tough day when we are short in traders.. I made all my money short today scalping with TZA so the close made my day.. holding BGZ was the best since the DOW underperformed
redliontrader: that TOM's a genius
(4:07 PM) thomas_Poland: yes red .. I am
(4:07 PM) thomas_Poland: LOL
(4:07 PM) ajayvee: lol
redliontrader: Yes, there is room for 2 genius here
(4:08 PM) thomas_Poland: ajay .. you wanna fight?
(4:08 PM) thomas_Poland:
(4:08 PM) thomas_Poland: red the place is taken by TOM and aruj
(4:08 PM) thomas_Poland: but zags called me brilliant
(4:08 PM) azags: Thomas is the only genius here and he pays me good money to say that
(4:09 PM) thomas_Poland: yep
(4:09 PM) thomas_Poland: zags ... VV employee
(4:09 PM) thomas_Poland: zags you short?
(4:10 PM) azags: I personally am maintaining my shorts through tomorrow although I always take profits when I can often too early
(4:10 PM) ajayvee: nothing wrong with taking profits
(4:11 PM) thomas_Poland: yes .. right
(4:11 PM) thomas_Poland:
(4:11 PM) thomas_Poland: ajay is genius
(4:11 PM) thomas_Poland: aren't we all ?
(4:11 PM) azags: Thomas I had to be short today to influence the market so you Thomas could make money
(4:11 PM) thomas_Poland: Tom is genius .. me too .. zags is genius of geniuses .. only pupster suck
(4:11 PM) thomas_Poland:
(4:12 PM) thomas_Poland: pup you here
(4:12 PM) thomas_Poland: just kidding
(4:12 PM) azags: after hours looks good for us shorts
(4:13 PM) thomas_Poland: lets hope we can start this 'to late' selloff and cover on Friday morning
(4:13 PM) thomas_Poland:
(4:13 PM) thomas_Poland: if anybody interested .. for additional info
(4:13 PM) thomas_Poland: tradingtheodds.wordpress.com
(4:13 PM) thomas_Poland: he is pretty good
(4:14 PM) thomas_Poland: nice research .. and free for now
(4:14 PM) thomas_Poland: just bookmark and look
(4:14 PM) thomas_Poland: I hope we can have some nice link database later .. red maybe on the site?/?
(4:15 PM) thomas_Poland: it would be great to have one best link database for all TTT members
redliontrader: yes please mail me your links: redliontrader@gmail.com
(4:15 PM) thomas_Poland: free charts, good blogs, good research etc
(4:15 PM) thomas_Poland: hey
(4:15 PM) eman11: I see HPQ with a bid of 35.05 AH down 1.53 from the close
(4:16 PM) thomas_Poland: my database costs 500$
(4:16 PM) thomas_Poland:
(4:17 PM) thomas_Poland: for good blogs section my first is the one from above
(4:17 PM) thomas_Poland: anyone .. what blog you visit every day?
redliontrader: What does this mean 123$ with the $ sign last.. R those Polish $'s?
(4:17 PM) thomas_Poland: anyone care to give one address?
(4:17 PM) thomas_Poland: red ...
redliontrader: I still need some testiomonials... redliontrader@gmail.com
(4:19 PM) thomas_Poland: Tom is trying to steal my bookmarks for a long time
(4:19 PM) thomas_Poland: kidding
(4:20 PM) netherbow1: CNBC saying HPQ #s better than expected cuz litigation 2 cents factored in
(4:20 PM) thomas_Poland: f...g CNBC
(4:20 PM) thomas_Poland: CNBC = Goldman ?
(4:21 PM) netherbow1: now let me guess - haha
(4:21 PM) thomas_Poland: f...k means fork
(4:21 PM) thomas_Poland:
(4:21 PM) netherbow1: of course
(4:22 PM) thomas_Poland: of course
(4:39 PM) tomthetrader: Nice day Folks you all survived better without me ?
(4:40 PM) tomthetrader: see we had a narrow range til the end with a 80 point YM range ?
(4:40 PM) tomthetrader: very tough trading thinking breakout at 914
(4:40 PM) eman11: Hey Look who's back! How is the Mrs.?
(4:41 PM) tomthetrader: I would have gone 100% short !
(4:41 PM) tomthetrader: You know me ...
(4:41 PM) tomthetrader: Hey ..everything good here
(4:41 PM) tomthetrader: Great
(4:41 PM) tomthetrader: anesthesia is bad
(4:41 PM) thomas_Poland: we just spoke about who is the best genius
(4:41 PM) tomthetrader: she hates it
(4:41 PM) tomthetrader: VV
(4:42 PM) thomas_Poland: and we know that you and your friend from germany are the best
(4:42 PM) thomas_Poland: you know who from Germany?
(4:42 PM) tomthetrader: so this may be the start of the turn ?
(4:42 PM) tomthetrader: Hitler ?
(4:43 PM) thomas_Poland: Alzheimer
(4:43 PM) thomas_Poland: your friend
(4:43 PM) thomas_Poland: you speak to him every day ?
redliontrader: Tom.. welcome back.. we missed you.. Glad your wife is doing well..
(4:43 PM) eman11: I'm glad to hear she is doing great. Hopefully she can sleep off the anethesia
redliontrader: Hard to keep TP under control without you ... LOL
(4:43 PM) thomas_Poland:
(4:43 PM) tomthetrader: Yes ..she hates it ...but I have my way with here !
(4:44 PM) tomthetrader: Was he a Bad Boy ?>
(4:44 PM) tomthetrader:
(4:44 PM) tomthetrader: No forking around was there ?
(4:45 PM) thomas_Poland: no
(4:45 PM) thomas_Poland: my behavior is A+
(4:45 PM) thomas_Poland:
redliontrader: TP alway good
(4:45 PM) tomthetrader: Red ...thanks for all you are doing
(4:45 PM) tomthetrader: really looks great
(4:45 PM) thomas_Poland: yes red is great
(4:46 PM) thomas_Poland: Tom does not love me anymore
(4:46 PM) tomthetrader: we will rule the world
redliontrader: here to serve... we tested out a live broadcast today... turns out TP hates my music too
(4:46 PM) thomas_Poland: he is now with Red
(4:46 PM) tomthetrader:
(4:46 PM) tomthetrader: Never will stop loving you pinkie
(4:46 PM) thomas_Poland: good
(4:47 PM) thomas_Poland: I still wait for your book with you name on it
(4:47 PM) thomas_Poland: oops
(4:47 PM) thomas_Poland: I forgot
redliontrader: yes, i would never get in the way of you two's special relationship
(4:47 PM) thomas_Poland: you will write it in 2020
(4:47 PM) tomthetrader: great work though today we locked in lots of MONEY ?
(4:48 PM) tomthetrader: Yes my book and Thomas ..my two loes
(4:48 PM) tomthetrader: loves
redliontrader: yes.. i am going working through stops now.. it looks like GS, USD, UYG and CSCO stopped out
(4:49 PM) tomthetrader: Yes ..I got stopped out of 5 items overall...I had a different stop on TLT
(4:49 PM) tomthetrader: but that is cool
(4:49 PM) tomthetrader: GS made more profits than all my futures trades the past 10 days
(4:50 PM) tomthetrader: according to legg Mason
(5:00 PM) Alert: Sex and expense account scandal rocks the UK - a live report NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:01 PM) tomthetrader: HPQ should have been hit after hours ?
(5:17 PM) Alert: The humanitarian crisis in Pakistan - a live report NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:33 PM) Alert: Pres. Obama's plan to decrease emissions, increase MPG would cost you more and may be the death knoll of an auto industry already on life support - a live report NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:39 PM) tomthetrader: EDZ I am adding after hours here
(5:40 PM) tomthetrader: RDZ for AH traders
(5:40 PM) tomthetrader: EDZ sorry
(5:42 PM) eman11: What % of Traders in EDZ and what price? Thanks
(5:43 PM) steve_45_4: about what price should I pay?
(5:43 PM) eman11: EDZ quote 15.50-15.84
(5:44 PM) aszager: Tom I am still aggressively short and took good profits in tza. I still have lots of qid and short naked qld may 34 calls. I also have a good amt of bgz whichis up AH
(5:44 PM) steve_45_4: good azags you should make some $$$
(5:45 PM) ajayvee: yes, my TZA and BGZ are both well in the green now
(5:46 PM) steve_45_4: I have BGZ and happy
(5:47 PM) ajayvee: BGZ made for a lousy day, but turns into a great evening
(5:47 PM) steve_45_4: was a bit scarry today lol
(5:47 PM) eman11: Well put AJ - Tomorrow should be a Great Day
(5:48 PM) nimesh_: sorry, i missed tom's comments....did he mention if he expects gap down tomorrow?
(5:49 PM) tomthetrader: I bet it was painful with all the runs at 915
(5:49 PM) tomthetrader: spx
(5:49 PM) nimesh_: hi tom
(5:49 PM) tomthetrader: really painful looking ay a breakout
(5:49 PM) tomthetrader: hey
(5:49 PM) nimesh_: gap down tomorrow?
(5:49 PM) nimesh_: could not hold TF short
(5:49 PM) tomthetrader: must have been tough always worried about a breakout
(5:50 PM) tomthetrader: I still have 20 TF ...glad of it
(5:50 PM) nimesh_: covered too soon, but still madfe profits
(5:50 PM) nimesh_: nice
(5:50 PM) tomthetrader: short TF YM NQ and ES
(5:50 PM) nimesh_: target on TF?
