(8:43 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:43 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
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(8:47 AM) ajayvee: I still have a tough time figuring out how these "less bad" news reports are supposedly good for the economy
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(8:48 AM) tomthetrader: Yes...we have to get good news or we will get a ton of BBY in the next earnings period
(8:48 AM) tomthetrader: earnings are not improving ...neither is the economy
(8:48 AM) tomthetrader: they are buying time
(8:48 AM) tomthetrader: everytime they do so there is a mini -crash
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(8:48 AM) tomthetrader: this time will be the same
(8:49 AM) tomthetrader: so BE Careful on longs and keep 10-20% short for a few weeks
(8:49 AM) tomthetrader: Audio at 9:15 am
(8:49 AM) tomthetrader: e-mail is out ...stopped on BGZ
(8:49 AM) tomthetrader: 100% cash here
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(8:53 AM) ajayvee: Art Cashin: some of our green shoots may be poison ivy!
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redliontrader: 9:12 am - we are 100% Cash Traders, Main & IRA
(9:16 AM) Freezinalberta: Hi REd Yesterday paltalk express was not updating, I used your link off this site and worked great. On the paltalk site I still was receiving notation transferring date from express but nothing showing on screen. FYI
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(9:17 AM) redTest: y freeze.. i have seen this too.. paltalk express still have some issues..
(9:17 AM) tomthetrader: Yes Art is Bearish short term here
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(9:21 AM) azags: y
(9:22 AM) ajayvee: g'mornin
(9:22 AM) hibuck2: y
(9:22 AM) rekon8: gm
(9:22 AM) don_2007_: gm
(9:22 AM) TTTMichael: gm
(9:22 AM) Freezinalberta: gm
(9:22 AM) JR Roden: gm all
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(9:23 AM) Fulkdaddy: gm
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(9:26 AM) Fulkdaddy: ES is below the 924 support...so it should act as resistance now
(9:28 AM) csu30: BAC still look like a good short?
(9:29 AM) Fulkdaddy: Bove does seem to be lousy
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(9:30 AM) Freezinalberta: skf?
(9:30 AM) tomthetrader: Yes
(9:30 AM) tomthetrader: SKF has not moved much
(9:30 AM) tomthetrader: good trade if you can time the highs today
(9:30 AM) tomthetrader: we will attempt
(9:30 AM) Freezinalberta: thanks
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(9:36 AM) JR Roden: Sorry, I was away, did we grab a short position on the open?
(9:37 AM) Fulkdaddy: not yet JR
(9:37 AM) JR Roden: Thx
(9:38 AM) billbTN: i'm long 924.75
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(9:46 AM) Freezinalberta: SZK?
(9:47 AM) Freezinalberta: consumer goods short?
(9:52 AM) tomthetrader: Thank you
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(9:52 AM) tomthetrader: we will have a GOOD plan by 1:00pm
(9:52 AM) tomthetrader: and we will most likely short in the Main fund also
(9:52 AM) tomthetrader: for a int term fall
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(9:53 AM) tomthetrader: to 888 SPX
(9:54 AM) Freezinalberta: Tom - I appreciate your cautious approach to this frothy market, until signals are apparent.
(9:55 AM) tomthetrader: Your welcome..I hate losing money...and want us to enter at more opportune time
(9:55 AM) Freezinalberta: I learned that cash is a position also
(9:57 AM) tomthetrader: yes...and in this market we will find a EDGE soon
(9:58 AM) tomthetrader: and if we can hit one on the nose ...we can make a good profit to use for our longer term purchases
(9:58 AM) Fulkdaddy: Tom, back to your baseball roots...some pitches are strikes but you don't swing at them...you wait for "your pitch"...this helps me in my trading decisions.
(9:58 AM) tomthetrader: agree 100%
(9:59 AM) eman11: I agree with Freez, Sometimes patience is just as important tool to a Traders as anything else.
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(10:08 AM) JR Roden: triple top forming on the dia 5 min chart this am.
(10:08 AM) Fulkdaddy: BKX lagging but market hanging in
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(10:10 AM) thomas_Poland: 924.50 is pivot point
(10:10 AM) thomas_Poland: in ES
(10:10 AM) thomas_Poland: what a nice fight
(10:10 AM) thomas_Poland: 923.75 is weekly S1
(10:12 AM) thomas_Poland: 924 ES seems to be important for everyone I read
(10:21 AM) ajayvee: BAC short doing well
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(10:37 AM) billbTN: stopped out b/e. guess i'll sh9ort at tp's 923.75
(10:40 AM) thomas_Poland: I am stopped breakeven also
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(10:50 AM) billbTN: Thomas-going long again?
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(10:51 AM) thomas_Poland: not yet
(10:51 AM) thomas_Poland: now I want to go short
(10:52 AM) thomas_Poland: and long 12:30 maybe 1:00
(10:52 AM) tcb66: Aruj - What's your current bias on bonds with the FED meeting coming up next week?
(10:52 AM) billbTN: that makes sense to me Thomas-thanks
(10:52 AM) thomas_Poland: but also bill i think the low for the week is in
(10:52 AM) thomas_Poland: yesterday
(10:52 AM) billbTN: yup
(10:53 AM) thomas_Poland: and high of the week will be thursday afternoon or friday morning
(10:53 AM) thomas_Poland: but it should be choppy
(10:53 AM) thomas_Poland: OPEX
(10:53 AM) thomas_Poland: today I trade positive close
(10:53 AM) billbTN: great
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(10:54 AM) billbTN: i too think tomorrow and thurs are up-don't know about fri.
(10:55 AM) thomas_Poland: I think that gap up on friday will be nice short opp
(10:55 AM) thomas_Poland: but it is long time
(10:55 AM) arujunaa: tcb: i like bonds here, but we may need to consolidate for a couple of days. one thing that concerns me about my bullish view is that everone else is bullish also. now everyone is taolking about how yields have peaked in june for 5 of last 6 years etc.
(10:55 AM) billbTN: yes
(10:55 AM) arujunaa: even so, i like buying dips right now
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(10:57 AM) arujunaa: as for the fed, it's a tough call. i think the street has persuaded them that expanding QE would actually be negative for bonds because of inflation fears. so, perversely, if they do not expand QE, we could see a rally in treasuries because inflation fears have been quelled
(11:01 AM) tcb66: thanks aruj...appreciate the insights
(11:01 AM) dhmohan1963: what is QE
(11:04 AM) dhmohan1963: sorry
(11:05 AM) billbTN: what is QE?
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(11:06 AM) arujunaa: quantitative easing where the fed buys treasuries in the marketplace
(11:06 AM) billbTN: ohhhhhhh
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(11:09 AM) ajayvee: Naz A/D +490 Vol +1.4:1
(11:09 AM) ajayvee: NYSE A/D +695 Vol +1.5:1
(11:09 AM) ajayvee: RUT A/D +590 Vol +1.3:1
(11:09 AM) dhmohan1963: so what a common person can buy in terms of etf but dont you think aruj that this much money in system will lead to devalution of$ and inflation it has happened in mexico, argentina, russia, far east every where in last two decades
(11:12 AM) arujunaa: that's exactly why we sold off 100bp in the past 8 weeks. keynes said "in the long run we are all dead" and so i prefer to focus on the short term. and in the short term, we are closer to deflation than inflation imo. but i concede, the $ is a problem.
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(11:13 AM) tcb66: This strength in MSFT is really holding up the NAZ...a 15% move in 2 weeks
(11:15 AM) dhmohan1963: one of the prof was giving projection that in 2nd qtr the money will start flowing in system and inflation has chances of becoming hyper
(11:16 AM) dhmohan1963: of 2010
(11:16 AM) dhmohan1963: 2nd qtr
(11:17 AM) billbTN: red-just checked the site-nice note re: stops
(11:18 AM) redTest: thxs
(11:22 AM) redTest: i have put up the zweig breadth indicator into live charts for a review right now
(11:24 AM) redTest: you can see that at this 45% level we have been rallying back to new highs...
(11:24 AM) JR Roden: After 11:00 was when TTT was talking about a potential short
(11:25 AM) redTest: the indicator is pretty good at making higher - highs on the uptrends as you can see
(11:25 AM) redTest: a break of the 45 level would let us know that this pullback is different than the others
(11:25 AM) redTest: y'day went a long way in reseting the indicator into neutral territory
(11:27 AM) dhmohan1963: tom why not gold fundamentally gold shold rise as $ should go down due to massive money printing or you think this is deflationary
(11:28 AM) dhmohan1963: rather than inflationary
(11:34 AM) ajayvee: EUR/JPY moving down, as shown in tom's latest email
(11:37 AM) redTest: for review, the Zwieg Breadth is a 10 day moving average of the % of stocks advancing, so on average over the last 10 days 47% of the NYSE listed stocks have been advancing.. A value over 60% is overbought, less than 40 is oversold
(11:43 AM) thomas_Poland: nice work
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(11:48 AM) ajayvee: I see DUG moving up but don't see oil moving down
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(11:51 AM) ajayvee: NYSE A/D -0 Vol -1.2:1
(11:51 AM) desertone: Good Morning all! Am late this morning Bought BGZ @ 34.91 this AM
(11:51 AM) desertone: Drs appts and guessts have kept me away.
(11:52 AM) desertone: I shall check emails
(11:52 AM) hibuck2: $PCRCO .88
(11:52 AM) hibuck2: $TNX 37.10 3.71
(11:53 AM) hibuck2: $TRIN 1.54 $TRIQE .98
(11:53 AM) hibuck2: NYSE A/D 1
(11:53 AM) hibuck2: -1
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(12:07 PM) hibuck2: NYSE A/D -152
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(12:17 PM) ajayvee: boy, tom sure has been quite. that 1PM plan must be a doozy!
(12:17 PM) tomthetrader: A real money maker
(12:18 PM) tomthetrader: -25 dow
(12:18 PM) tomthetrader: pretty telling since we are looking for a drop of another few percent
(12:19 PM) tomthetrader: OIL is still hanging in
(12:19 PM) tomthetrader: RUT almost green so
(12:19 PM) tomthetrader: you know we are FLAT
(12:19 PM) tomthetrader: very slow slow day
(12:21 PM) ajayvee: I'm hanging with holdovers from yesterday, FAZ EDZ and DUG , back to green, not moving, but green
(12:23 PM) hibuck2: no news is good news
(12:23 PM) ajayvee: thanks for the update
(12:23 PM) tomthetrader: No News ...good bad or indifferent ...still over done int term
(12:23 PM) tomthetrader: Thak you
(12:23 PM) tomthetrader: Tank you
(12:24 PM) tomthetrader: Thank you
(12:24 PM) tomthetrader: 3rd time a charm
(12:24 PM) tomthetrader: I was hoping to get a sell or buy push from Marty or my LM guys but Cash is king ...fact is everyone day trading and buying volatility on dips
(12:25 PM) tomthetrader: everyone thinks a "shoe" will drop before OCT
(12:25 PM) tomthetrader: but no one will go out on a limb and say what or when
(12:25 PM) tomthetrader: so we have to use our tools
(12:25 PM) tomthetrader: and they are back to neutral ...to bearish with best odds a test of 900
(12:29 PM) Fulkdaddy: The next shoe to drop usually is something unexpected as everything that is expected is already priced in
(12:30 PM) Fulkdaddy: Kass added to TWM on the rally this morning
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(12:31 PM) tomthetrader: Yes...I think that is a perfect addition for a intermediate drop
(12:32 PM) tomthetrader: TWM and IWM July Puts ITM
(12:32 PM) tomthetrader: I do not have the Guts to call a further correction
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(12:34 PM) Fulkdaddy: The dollar looks good here...UUP
(12:34 PM) Fulkdaddy: Here comes a test of 920
(12:34 PM) Fulkdaddy: 924 ES held as resistance
(12:34 PM) tomthetrader: UUP being recommended...should push OIL down but not
(12:34 PM) tomthetrader: BGU for a daytrade
(12:34 PM) hibuck2: all avrgs r right on the 20 day mvg avg I don't know if they will hold
(12:36 PM) hibuck2: NYSE A/D -404
(12:36 PM) hibuck2: $PCRCO .89
(12:36 PM) hibuck2: $TNX 36.95 3.69
(12:37 PM) hibuck2: $TRIN 1.63 $TRIQE 1.38
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(12:37 PM) Fulkdaddy: Wow!
(12:37 PM) Fulkdaddy: That would mean we go down and retest????
(12:39 PM) hibuck2: $VIX why not join the party VIX GG @ .70 -.80
(12:40 PM) ajayvee: through yesteday's lows
(12:42 PM) redTest: we broke through that 45 level on the Zweig Breadth too..
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(12:44 PM) tomthetrader: 918.75 is piv support on cash and 912.75 on sept es
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(12:46 PM) tomthetrader: shorting BAC and XLF is a great play still
(12:49 PM) tomthetrader: all indicators are dead neutral 1-5 days
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(12:52 PM) TTTMichael: If you like DBA, why not MOO???
(12:53 PM) TTTMichael: 2 day RSI on MOO is in zone for snap back over 1-5 days.
(12:54 PM) tomthetrader: Right ..looks better on the charts
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(12:57 PM) thomas_Poland: the low of yesterday did not hold
(12:57 PM) thomas_Poland: so I have to change my plan and assume we go lower till Thursday
(12:57 PM) thomas_Poland: sorry
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(1:00 PM) Fulkdaddy: quite alright Thomas...this is a government manipulated market...the normal forces of supply and demand are not at work
(1:01 PM) Fulkdaddy: You have played the market quite well
(1:03 PM) tomthetrader: again we are looking at a market that was totally EXHAUSTED shown by GOOG AAPL
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(1:06 PM) tomthetrader: DUG 25% now
(1:07 PM) tomthetrader: WE will buy 25 % POSITION IN dug HERE
(1:07 PM) tomthetrader: dug BOUGHT AT AVG PRICES
(1:07 PM) tomthetrader: DUG 1:07pm -1:10pm
(1:07 PM) tomthetrader: pleasegive fills
(1:07 PM) ajayvee: 17.03
(1:07 PM) tomthetrader: 4% stops
(1:08 PM) tomthetrader: Thanks AJ
(1:08 PM) tomthetrader: 17.00 -17.03
(1:08 PM) Fulkdaddy: DUG is an ETF of the integrated's: XOM, CHV, COP, etc
(1:09 PM) tomthetrader: all those acting poor while poil up
(1:09 PM) tomthetrader: and it is a good play for a mint'l market fall
(1:09 PM) Fulkdaddy: it seems like a good play as oil should reverse
(1:10 PM) stevefl_64: 17.03 fill here too
(1:10 PM) derr11: 17.03
(1:10 PM) eman11: 17.04
(1:10 PM) tomthetrader: Yes it should go pretty fast
redliontrader: 25% Short in Traders via DUG @ 17.03
redliontrader: Stops trailing 4%
(1:15 PM) tomthetrader: FXP 13.30 Buy 25%
(1:15 PM) tomthetrader: we will add FXP at 13.30
(1:15 PM) tomthetrader: we will be 50% long / shorts
(1:16 PM) tomthetrader: again long DUG and FXP
(1:16 PM) tomthetrader: 4% stops on both
(1:17 PM) tomthetrader: EEV 21.69 25% short at 1:17pm
(1:18 PM) tomthetrader: Again adding 3 positions 25% each
(1:18 PM) tomthetrader: DUG FXP and EEV
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(1:21 PM) tomthetrader: 75% in short related ETF's
(1:21 PM) tomthetrader: with a "loose" stop of 4% hard from PP
(1:21 PM) Fulkdaddy: And leveraged so more like 150%+ short
(1:22 PM) hibuck2: $PCRCO .91
(1:22 PM) hibuck2: $TRIN 1.66 $TRIQE 1.31
(1:22 PM) hibuck2: $TNX 36.88
(1:22 PM) ajayvee: that's only because I forgot the trailing stop
(1:23 PM) hibuck2: NYSE A/D -1270
(1:24 PM) dhmohan1963: i have some bgz bought yester day should put stops at 2% or 1%
(1:24 PM) dhmohan1963: if 910 was the target
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(1:25 PM) tcb66: Tom - Are you looking for a bounce then a selloff into the close?
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(1:30 PM) tomthetrader: I am actually looking for the opposite ,...I am scared to my toes we bounce form 3:30pm to 4:00pm
redliontrader: We are 75% short in Traders via DUG, FXP and EEV trail loose stops @ 4%..
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(1:36 PM) tomthetrader: Look at OXY with oil flattish ?
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(1:38 PM) Freezinalberta: buying 15% HXD on TSX now and another 10% MOC if over $17
(1:38 PM) Freezinalberta: tsx breaking support
(1:40 PM) tomthetrader: ANYONE EVER TRY TO SHORT EWT IS IT SHORTABLE ?
(1:40 PM) ajayvee: it has options
redliontrader: not easy to borrow for me
redliontrader: tradestation
(1:41 PM) tomthetrader: ok
redliontrader: rejected
(1:41 PM) tomthetrader: i CANNOT GET ANY
(1:41 PM) eman11: Can't short too
(1:42 PM) tomthetrader: ok
(1:42 PM) DE_TTT: Can't either
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(1:42 PM) tomthetrader: CAN ANYONE ACTUALLY GET SHARES TO SHORT ?
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(1:43 PM) tomthetrader: LOOKING FOR LIQUID PUT OPTIONS
(1:43 PM) DE_TTT: I show none available on two different platforms
(1:48 PM) tomthetrader: tHANKS de
(1:48 PM) tomthetrader: I agree ...we would have to go into put options which are not real good on a low priced ETF
(1:48 PM) DE_TTT: yw
(1:49 PM) tomthetrader: PBR puts may be a good play here
(1:49 PM) tomthetrader: very liquid
(1:49 PM) tomthetrader: and could get us 30%
(1:49 PM) tomthetrader: OIL rally into 2pm
(1:49 PM) tomthetrader: RUT 505.00
(1:50 PM) tomthetrader: support 914
(1:50 PM) tomthetrader: SPX 916
(1:55 PM) billbTN: ok sold my shorts from 923.75, now long
(1:55 PM) tomthetrader: where are you long from Bill ?
(1:55 PM) billbTN: 915
(1:55 PM) billbTN: mistake tom?
(1:55 PM) tomthetrader: Cash or ES ?
(1:55 PM) billbTN: cash
(1:55 PM) tomthetrader: Just hoping to see how it works out
(1:55 PM) tomthetrader: Good to see many traders going many ways
(1:55 PM) tomthetrader: we hope to learn from each trade out there
(1:55 PM) billbTN: i'm holding a TIGHT stop
(1:55 PM) ajayvee: yes, good to hear multiple opinions
(1:55 PM) ajayvee: haven't heard from zags in a while
(1:55 PM) tomthetrader: Short-Term Trend: There is a fair amount of discussion occurring as to whether or not yesterday's dive was the start of something more meaningful to the downside. However, with the S&P now below the low end of the trading range and its 10-day moving average, we have no choice but to downgrade the trend rating.
(1:56 PM) tomthetrader: zags on vacation
(1:56 PM) arujunaa: for tlt holders, strong day resistance is at 116.00/116.125
(1:56 PM) eman11: I went short ESU9 at 911.50.
(1:57 PM) eman11: Tight stop at 913.50
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(1:58 PM) eman11: I think the longer we remain flat here the bigger the chance of another whoosh down.
(1:58 PM) tomthetrader: Here comes the FED and Gov't releases
(1:58 PM) tomthetrader: I had you gone Zags ...I thought the jet left !
(1:58 PM) tomthetrader: No Thomas No Zags ..maybe a meetting ?
(1:59 PM) tomthetrader: Vector Vest conference ?
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(2:00 PM) eman11: Although last hour shenanigans might make me cover early
(2:00 PM) tomthetrader: we are right ...just will it pay off...will they let us win ?
(2:01 PM) tomthetrader: Thanks and Thomas does need some new clothing ...wearing nothing at all in last webcam shot ....ughhh!
redliontrader: All stops at Breakeven on all positions
(2:04 PM) tomthetrader: Motorcycle was nice looking though !
(2:04 PM) tomthetrader: 2:02pm stops at Break even
(2:04 PM) tomthetrader: we may close out soon so keep your eyes on them
redliontrader: trail .20 on all positions
(2:04 PM) tomthetrader: .20 back on stops each position
(2:06 PM) tomthetrader: 21.92 sell EEV
(2:07 PM) tomthetrader: sellEEV
redliontrader: Sold eev at 21.98
(2:07 PM) tomthetrader: sell EEV at 2:08pm officially out
(2:08 PM) tomthetrader: .10 behind bid in DUG and FXP
redliontrader: Tighten stops on DUG and FXP to .10 trail
(2:08 PM) billbTN: bot some more long at 911
(2:09 PM) billbTN: i think a bounce too
(2:09 PM) tomthetrader: 910 Long is our 1st BUY area
(2:09 PM) tomthetrader: we are getting there
(2:10 PM) tomthetrader: T And VZ will be bought in IRA at 910 SPX cash
(2:10 PM) arujunaa: i shorted 25% tyu9 at 115.25 for a swing trade
(2:10 PM) tomthetrader: we will update you
(2:10 PM) tomthetrader: on price
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(2:10 PM) billbTN: red's zwieg is pretty low
(2:11 PM) tomthetrader: yes
(2:11 PM) tomthetrader: very scary for me3 ...I am usually pretty good here but I keep seeing " UPTICK RULE REINSTAED " Or Osama Bin Laden Captured !
(2:12 PM) eman11: Covered my es short 908.25
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(2:13 PM) billbTN: poop, no cohones, could've held these shorts significantly longer
(2:13 PM) billbTN: cojones that is
(2:14 PM) tomthetrader: Good job guys ..Thanks Aruj and Bill for sharing your trades...great job
(2:14 PM) tomthetrader: Rally
(2:14 PM) billbTN: die bears!
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(2:14 PM) hibuck2: $PCRCO .98
(2:14 PM) tomthetrader: .10 stops on DUG and FXP ...everyone still OK ?
(2:15 PM) eman11: I am still in for now?
(2:15 PM) hibuck2: $TNX 36.69 3.66
(2:15 PM) stevefl_64: .10 has not been hit yet
(2:15 PM) hibuck2: $TRIN 1.63 $TRIQE 1.31
(2:15 PM) hibuck2: NYSE A/D -1392
redliontrader: no stops yet...
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(2:16 PM) tomthetrader: RED ...let me know if we should sell ..LOL ! Poor guy ...he has the hardest job in the world !
(2:16 PM) tomthetrader: Thanks RED
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(2:18 PM) eman11: Thanks a lot Red. It is really appreciated all the hard work that you do. I have my .10 stop on DUG currently at 17.05 and FXP at 13.28.
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redliontrader: DUG stopped at 17.06
(2:20 PM) tomthetrader: breaking news flies
(2:21 PM) tomthetrader: FREAKING manipulated
(2:21 PM) tomthetrader: they will come up with more agencies and all new jobs just over the losses
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(2:23 PM) tomthetrader: 25% short via FXP
redliontrader: Yes 25% short FXP.
(2:23 PM) billbTN: the screen says 255 SHORT fxp at 13.30
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redliontrader: .04 away from stopping out
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(2:29 PM) billbTN: die bears
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(2:30 PM) tomthetrader: Bears gaining confidence here folks ..change in character
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(2:38 PM) DE_TTT: ADBE tonight, FDX tomorrow morning, RIMM Thursday night
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(2:38 PM) tomthetrader: Thanks BUY PROGRAM HERE
(2:40 PM) tomthetrader: 'BAC was great play
(2:40 PM) tomthetrader: short
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(2:40 PM) dhmohan1963: de are you looking at some tech play here
(2:41 PM) hibuck2: tom check out BRCD lots of rumors
(2:41 PM) tomthetrader: thanks
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(2:43 PM) DE_TTT: dmohan...bot AMKR, SNDK, TER, VRGY, ARUN, ENTG today
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(2:43 PM) Fulkdaddy: I would like to see 800 and then do some heavy buying
(2:44 PM) hibuck2: on a utube video ceo Mike Klayco said on a video as much as he could Q3 will be excellent
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(2:45 PM) DE_TTT: Word is BRCD taking share from CSCO from enterprise hardware cos. after CSCO rolled out their own (competing) server product.
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(2:46 PM) hibuck2: all i hv read BRCD is really kicking CSCO butt!
(2:47 PM) DE_TTT: CSCO upset the apple cart at IBM, HPQ, DELL, etc.
(2:47 PM) hibuck2: BRCD has a new deal with IBM
(2:48 PM) DE_TTT: CSCO really pissed off the hardware cos. by rolling out a server...oops!
(2:48 PM) hibuck2: yup
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(2:52 PM) dhmohan1963: de what prices for sndk and stop loss of how many %
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(2:54 PM) DE_TTT: 15.20 stop 14.50
(2:55 PM) arujunaa: covered tyu9 short at 115.00
(2:55 PM) hibuck2: $PCRCO 1.00
(2:57 PM) DE_TTT: And 908 is 200dma...I think, Tom.
(2:59 PM) tomthetrader: Very good stuff
redliontrader: fxp stopped at 13.34
(3:00 PM) tomthetrader: Great
(3:01 PM) tomthetrader: expecting a rally into green by close
(3:01 PM) tomthetrader: we shouldbe looking BGU short term for a trade
(3:01 PM) tomthetrader: 3:00pm BGU looking not bjuying price
(3:01 PM) tomthetrader: Looking not buying BGU
redliontrader: 100% Cash Main, Traders, IRA
(3:01 PM) tomthetrader: at BGU price
(3:02 PM) hibuck2: big move from the LOD @ 33.19
(3:02 PM) tomthetrader: 33.50 possible long
(3:02 PM) hibuck2: now i hv 33.64
(3:03 PM) tomthetrader: 33.63 now
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(3:03 PM) tomthetrader: looks like a rally may go quickly
(3:03 PM) tomthetrader: Nazacting bettter
(3:04 PM) hibuck2: the 20 day mvg avg might be the line in the sand
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(3:05 PM) hibuck2: $PCRCO 1.02
(3:06 PM) tomthetrader: Long time since p/c OVER 1.00
(3:06 PM) DE_TTT: SMH down 6% in 5 days, Tom.
(3:06 PM) DE_TTT:
(3:07 PM) hibuck2: I hv read over or higher 1.05 pcrco and trin of 1.50 or hgher go long at close
(3:07 PM) tomthetrader: Thanks
redliontrader: we have corrected 5.45% on NYSE, 4.55% on NDX, 4.7% on SPX and 6.25% in the RUT
(3:08 PM) hibuck2: BGU 33.52
(3:09 PM) eman11: 33.48 BGU
(3:11 PM) hibuck2: 33.57
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(3:13 PM) hibuck2: BGU 33.44
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(3:14 PM) tomthetrader: GMCR DDRX CBOU
(3:14 PM) tomthetrader: all recommebded shorts
(3:15 PM) tomthetrader: and the run is over?
(3:15 PM) tcb66: take a look at PEET too
(3:16 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(3:16 PM) Alert: Hi , Welcome to TTT
(3:16 PM) tomthetrader: penny stock mania dying a slow /fast death ?
(3:16 PM) tomthetrader: DUG 17.05 still want more DUG
(3:16 PM) tomthetrader: ERY
(3:16 PM) tomthetrader: still think this oil / Brent vs WTI is wrong
(3:17 PM) tomthetrader: historically Brent wins out
(3:17 PM) hibuck2: BGU 33.74
(3:18 PM) ajayvee: I finally got stopped out of all my short etfs
(3:18 PM) ajayvee: good money!!
(3:18 PM) ajayvee: thank you!
(3:19 PM) tomthetrader: way to hang tough
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(3:20 PM) tomthetrader: semis some tech have paid their dues...may not correct more
(3:21 PM) tomthetrader: but overall indices another 3-5%
(3:21 PM) tomthetrader: especially if we rally hard here
(3:23 PM) billbTN: tom-is there a difference between smh and usd?
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(3:24 PM) DE_TTT: usd is 2x
(3:26 PM) billbTN: ok-thx-duh!
(3:26 PM) tomthetrader: I reqally like USD we have held it many times ..very liquid ...trades well
(3:26 PM) tomthetrader: really
(3:27 PM) hibuck2: BGU 33.52
(3:28 PM) tomthetrader: 33.50 Long BGU
(3:28 PM) tomthetrader: 25%
(3:28 PM) tomthetrader: can anyone fill here long ?
redliontrader: Long in Traders 25% BGU @ 33.50
(3:28 PM) ajayvee: BGU 33.48
(3:28 PM) tomthetrader: 33.48 filled
(3:29 PM) tomthetrader: we got in at 33.48 BGU stop 33.25
(3:29 PM) eman11: 33.53
(3:29 PM) tomthetrader: hard stop for close
(3:29 PM) stevefl_64: not near .48
(3:29 PM) tomthetrader: was a easy fill at 33.48
(3:30 PM) tomthetrader: AJ is the KING of good fills
(3:30 PM) stevefl_64: lol
(3:30 PM) tomthetrader: AJ easy fill ?
(3:30 PM) ajayvee: yes
(3:31 PM) tomthetrader: Easy fill
(3:32 PM) tomthetrader: stops Break even on BGU
redliontrader: B/E stops - (33.00 for ajay, 33.50 for the rest of us) - lol
(3:33 PM) stevefl_64:
(3:33 PM) ajayvee:
(3:33 PM) tomthetrader: 33.70 stop
(3:33 PM) tomthetrader: Stop laughing
(3:34 PM) tomthetrader: you guys are harsh
(3:34 PM) tomthetrader: stop 33.70
redliontrader: stopped 33.70 BGU
(3:35 PM) tomthetrader: stoppedout
(3:35 PM) tomthetrader: STOOPPPPPPPEEDDDD
(3:36 PM) tomthetrader: Great job RED
(3:36 PM) tomthetrader: Nice work guys
(3:36 PM) tomthetrader: we will kee3p trying to win this game
(3:36 PM) tomthetrader: if we can't rally we will be in trouble here int term
(3:36 PM) ajayvee: go to BGZ now
(3:36 PM) tomthetrader: YES
(3:37 PM) tomthetrader: we should..but I am dizzy
(3:37 PM) Harrod_t: Gap up or down tomorrow morning??
(3:37 PM) tomthetrader: RED has all his christmas tree lights burning ?
(3:37 PM) tomthetrader: UP
(3:37 PM) tomthetrader: BGU
(3:37 PM) tomthetrader: today
(3:37 PM) tomthetrader: is still theplay
redliontrader: $374/5mins = $4500/hour
(3:38 PM) tomthetrader: I like those plays
(3:38 PM) tomthetrader: we are known for our average profit of $400
(3:39 PM) tomthetrader: some don't like it ..but in this market $400 per day 2000 per week is $96K per year ..not bad for listening to me sing ?
(3:39 PM) tomthetrader: 33.76 BGU
(3:39 PM) tomthetrader: .79
(3:41 PM) tomthetrader: will give DOW fair value on close at 3:45pm
(3:41 PM) tomthetrader: 8580.75 Fair value
redliontrader: FYI - Live charts stopped working.. that is a rebroadcast on now
(3:42 PM) Fulkdaddy: Tom, today's trading is almost identical to yesterday...a swoon down....flat and a slight uptick to end the day
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(3:44 PM) tomthetrader: FCX comingback to buy at 50.00 ?
(3:44 PM) tomthetrader: DBA MOO DAG ?
(3:45 PM) tomthetrader: PFE ABT
(3:45 PM) tomthetrader: all ideas for IRA
(3:47 PM) tomthetrader: 8580.75 fair value Dow
(3:49 PM) DE_TTT: ADBE tonight, FDX tomorrow morning, RIMM Thursday afternoon
(3:49 PM) Fulkdaddy: I thought RIMM was Thursday but not positive
(3:50 PM) tomthetrader: FDX and RIMM Thursday
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(3:51 PM) tomthetrader: 910-914 new lines
redliontrader: 21.84
(3:52 PM) tomthetrader: Thanks
redliontrader: just picked up some
(3:52 PM) tomthetrader: POOP
redliontrader: 21.82 now
(3:52 PM) tomthetrader: Our minds are rubbing off ?
redliontrader: y
(3:52 PM) tomthetrader: 2-1 - a/d a negative
(3:52 PM) tcb66: bearish tail on big vol for MSFT
(3:53 PM) billbTN: windows 7?
(3:53 PM) pointfisher: bing
(3:53 PM) billbTN: bing
redliontrader: bing.com.. actually project natal is awesome
(3:54 PM) tomthetrader: Sell
(3:54 PM) tomthetrader: Bing ZUNE and MSFT unless they buy RIMM !
(3:55 PM) billbTN: natal is the xbox version of wii-an xbox with motion sensors
(3:56 PM) tomthetrader: we will Buy long BGU here on the close 50%
(3:57 PM) tomthetrader: BGU long 50%
(3:57 PM) tomthetrader: here ...avg prices 3:55-4:00pm
(3:58 PM) tomthetrader: Buy T and VZ on Close with BGU
(3:59 PM) stevefl_64: 33.26 here
(3:59 PM) hibuck2: 33.29
(3:59 PM) eman11: 33.25
(4:00 PM) tomthetrader: 33.25
(4:00 PM) tomthetrader: 33.25
(4:00 PM) tomthetrader: 33.25
(4:00 PM) stevefl_64: lol
(4:00 PM) Fulkdaddy: Nasty close
redliontrader: 33.25
(4:00 PM) DE_TTT: 33.29
(4:00 PM) tomthetrader:
(4:00 PM) Freezinalberta: 33.25
(4:01 PM) tomthetrader:
(4:01 PM) tomthetrader:
(4:01 PM) stevefl_64: fun place along with making $$$$
(4:01 PM) tomthetrader: wtf
(4:01 PM) tomthetrader: 10% positions in T and VZ at the close
(4:01 PM) tomthetrader: in IRA
(4:02 PM) ajayvee: BGU 33.25 average fill
(4:02 PM) desertone: In BGU @ 33.25
(4:03 PM) eman11: There is a definitely change in sentiment - If best buy reported the same earnings a month ago. With an earnings beat, but light on revenues they would have been up 5-10% instead of being down.
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(4:03 PM) tomthetrader: Yes
(4:03 PM) tomthetrader: and again the P/C and some of the bears are comingback
(4:04 PM) tomthetrader: so it is time to rally?
(4:05 PM) hibuck2: when do the futres close and reopen?
(4:05 PM) tomthetrader: 4:15 and then open at 4:30pm
(4:05 PM) tomthetrader: ES
(4:06 PM) tomthetrader: YM
(4:06 PM) azags: yes it is but I will be busy wrestling with grizzly bears
(4:06 PM) tomthetrader: TF a bit different
(4:06 PM) hibuck2: ok thxs
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(4:06 PM) DE_TTT: ADBE Adobe Systems prelim $0.35 vs $0.35 First Call consensus; revs $704.7 mln vs $694.75 mln First Call consensus
(4:07 PM) DE_TTT: ADBE Adobe Systems sees Q3 $0.30-0.37 vs $0.33 First Call consensus
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redliontrader: 25% Long in Traders BGU, 20% Long IRA VZ,T, 100% Cash Main
(4:08 PM) tomthetrader: Thanks RED Great job as always !
(4:09 PM) tomthetrader: Thanks
(4:09 PM) tomthetrader: Nice day
(4:09 PM) hibuck2: thxs
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(4:09 PM) tomthetrader: No losses
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(4:10 PM) tomthetrader: again look at POT BG DBA in Main tomorrow on a gap down
(4:10 PM) tomthetrader: Main
(4:11 PM) TTTMichael: Missed that audio, say again.
(4:11 PM) billbTN: i'm outa my longs with a small loss-i'm not holding overnight tomorrow is another day
(4:12 PM) tomthetrader: Thanks Bill
(4:12 PM) TTTMichael: Thank you. Long QLD.
(4:12 PM) tomthetrader: Thanks Michael
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(4:13 PM) tomthetrader: QLD looks good Michael
(4:13 PM) tomthetrader: we may join you there
(4:13 PM) eman11: Red- I think we are 50% BGU in Traders. - Thanks
(4:13 PM) tomthetrader: tomorrow at 904-908 area
redliontrader: Good catch EMAN, yes the portfolio is correct my post was wrong:
(4:14 PM) tomthetrader: Yes Thanks E
redliontrader: 50% Long in Traders BGU, 20% Long IRA VZ,T, 100% Cash Main
