Log 6/26/2009

 (8:17 AM) Alert: This is a G rated room intended for a General Audience including minors.  Offensive language is not permitted.
 (8:17 AM) Alert: Hi , Welcome to TTT


redliontrader: gm gm
 (8:18 AM) Fulkdaddy: gm Red
 (8:18 AM) ajayvee: g'morning
 (8:19 AM) netherbow1: good morning
 (8:19 AM) stevefl_64: gm
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 (8:20 AM) Fulkdaddy: tank-a-zinie today???
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 (8:26 AM) tomthetrader: Jobless claims will rule the morning
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 (8:26 AM) tomthetrader: Had a agap up at 7:00am but now  adrift lower
 (8:26 AM) tomthetrader: Q's up all indices up
 (8:27 AM) tomthetrader: Maybe will follow Europe lower initially
 (8:27 AM) tomthetrader: with bad reports/
 (8:28 AM) tomthetrader: So, with today's FOMC statement not saying much of anything new, perhaps the biggest takeaway is that the Fed's outlook for economic recovery remains intact. And given the difficulty the country has encountered over the past year, the fact that the Fed is still looking for a recovery in the near future says a lot.
 (8:32 AM) ajayvee: does DDM become a longer term hold or just dump and run?
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 (8:52 AM) azags: I closed out all my bullish positions yesterday including selling all my fxi tna and buying back to close my naked qid and dxd calls. I still have ddm which is under water
 (8:53 AM) ajayvee: misery loves company   
 (8:55 AM) azags: But I took very good profits yesterday. I will stay long today at the close if ndx closes less than 1441.5.
 (8:56 AM) ajayvee: yes, yesterday was a good day until the FOMC announcment. thanks for your insight.
 (9:00 AM) azags: I always get out before the high of the day. I kept selling tna and fxi in pieces as it was moving up in the morning. I also had bought stld a few days ago with the swoon when I remarked that it was down 10%. I sold it yesterday at 15.16 and made 4 %
 (9:00 AM) ajayvee:   
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 (9:09 AM) tomthetrader: Buying some positions at the open please look at E-Mail...also we will put stops in at 8% in DDM at 10:30am
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 (9:10 AM) tomthetrader: IRA add TLT 20%
 (9:10 AM) tomthetrader: Main Outright Shorts on ORCL and MSFT
 (9:10 AM) tomthetrader: and DTO and FXP will be bought live in Traders
 (9:12 AM) Fulkdaddy: Wholly bearish Batman!
 (9:12 AM) Fulkdaddy: I love it!
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 (9:14 AM) Freezinalberta: gm stops on ddm?
 (9:15 AM) tomthetrader: 8% at 10:30 am
 (9:15 AM) tomthetrader: for those whom still own it
 (9:16 AM) tomthetrader: VIX calls stop 3.50
 (9:17 AM) Freezinalberta: Red I miss your traders notes. I liked that action to be taken was noted
 (9:19 AM) Freezinalberta: thanks red awesome
 (9:21 AM) tomthetrader: TYH and BGZ can be added to hedge
 (9:21 AM) ajayvee: y
 (9:21 AM) Fulkdaddy: gm
 (9:21 AM) azags: y
 (9:21 AM) hibuck2: gm
 (9:21 AM) redTest: y
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 (9:30 AM) ajayvee: TYP
 (9:31 AM) Freezinalberta: rew?
 (9:31 AM) Fulkdaddy: Tom, it seems you do not think we will get end of quarter mark ups this quarter?
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 (9:32 AM) Fulkdaddy: ok
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 (9:32 AM) Fulkdaddy: LEA down 23% at the open...67 cents
 (9:33 AM) tomthetrader: Thank you ...be back in 12 min'
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 (9:36 AM) Freezinalberta: orcl 21.28
 (9:36 AM) desertone: GM everyone
 (9:36 AM) tomthetrader: Hi D1
 (9:37 AM) Freezinalberta: msft 23.44
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 (9:38 AM) tomthetrader: Agree Canada
 (9:38 AM) tomthetrader: ORCL   21.28 short
 (9:38 AM) tomthetrader: MSFT 23.44 Short
 (9:38 AM) tomthetrader: in Main fund 10% each stop 4%
 (9:40 AM) tomthetrader: TLT should be about 93.10 area
 (9:40 AM) tomthetrader: still have 5 min to avg out
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 (9:41 AM) Freezinalberta: tlt 93.00
 (9:42 AM) tomthetrader: 'I would take that ...we will wait til 9:45 am and see
redliontrader: I have ORCL 21.25/MSFT 23.43 at the open.. Current VWAP for TLT from 9:31 is 93.04
 (9:44 AM) tomthetrader: I think most will be happy at TLT 93.00
 (9:44 AM) tomthetrader: at 9:45 am
 (9:45 AM) tomthetrader: Thanks RED
 (9:45 AM) tomthetrader: Now let's look to the FXP and land some shares
 (9:45 AM) tomthetrader: and DTO
 (9:46 AM) tomthetrader: 10% at 13.08
 (9:46 AM) tomthetrader: FXP filled
 (9:47 AM) azags: ddm is exploding upwards and is now unchanged
 (9:47 AM) tomthetrader: DTO we will get 10% at 76.23
 (9:48 AM) tomthetrader: Very busy mornign
 (9:48 AM) tomthetrader: hope you guys are OK ?
 (9:48 AM) stevefl_64: dto 76.19
 (9:49 AM) tomthetrader: Thanks Steve
 (9:49 AM) stevefl_64: yw
 (9:50 AM) tomthetrader: TYH 84.94  10% Traders
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 (9:50 AM) tomthetrader: only in Spec accounts
 (9:50 AM) tomthetrader: 84.66 bid
 (9:50 AM) ajayvee: TYP?
 (9:51 AM) tomthetrader: sorry
 (9:51 AM) ajayvee: TYP 22.60
 (9:51 AM) tomthetrader: 22.60
 (9:51 AM) tomthetrader: is my fill
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 (9:52 AM) tomthetrader: again sorry..I am pair trading on two computers so thank you for helping us out and please follow the e-mail
 (9:53 AM) tomthetrader: any questions
 (9:54 AM) tomthetrader: everything we have bought today is a 4% trailing stop
 (9:57 AM) tomthetrader: Good work you guys ...hope you are OK with your positions still have 80% cash overall
 (9:57 AM) tomthetrader: so very smALL positions
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 (9:57 AM) hibuck2: NYSE A/D +473
 (9:57 AM) hibuck2: $PCRCO .88
 (9:57 AM) hibuck2: $TNX 36.93 3.69
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 (9:58 AM) hibuck2: $TRIN 1.20 $TRIQE .62
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 (9:58 AM) hibuck2: $SPX 903.22
 (10:02 AM) ajayvee: doubled down on DDM and got out now at + 2 cents above cost average. feeling better now   
 (10:03 AM) tomthetrader: WTG AJ
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 (10:03 AM) ajayvee: looks like we blasted thru 904 SPX
 (10:03 AM) azags: Was the swoon yesterday afternoon a fake out? I just wrote the july covered calls on ddm july 29 and got .70
 (10:04 AM) tomthetrader: I don't think this can last
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 (10:07 AM) tomthetrader: Put calls again acting up ...toppy
 (10:08 AM) tomthetrader: 907 spx
 (10:08 AM) Freezinalberta: ddm pretty close to b/e
 (10:09 AM) tomthetrader: yes we will sell 1000 mshares here
 (10:09 AM) tomthetrader: selling 1000 shares of DDM here at 10:09 am'
 (10:09 AM) tomthetrader: 27.98
 (10:10 AM) tomthetrader: 28.00
 (10:10 AM) tomthetrader: sell the last of our DDM at 28.09
 (10:11 AM) tomthetrader: Out of DDM
 (10:12 AM) berniectx: the bubbleheads will try to bash Bernake today
 (10:12 AM) tomthetrader: yes...hate politics
 (10:13 AM) tomthetrader: despise our televised grilling of good people ...
 (10:14 AM) berniectx: Tom am thinking about QQQQ 36 July puts thoughts please?
 (10:14 AM) tomthetrader: Yes BUY BUY BUY BERN
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 (10:15 AM) tomthetrader: IWM and QQQQ Puts atm
 (10:15 AM) tomthetrader: are all great uses of capital
 (10:19 AM) dhmohan1963: how much correction you are expecting tom
 (10:21 AM) dhmohan1963: i joined late
 (10:22 AM) ajayvee: Naz A/D +902 Vol +3.2:1
 (10:22 AM) ajayvee: NYSE A/D +950 Vol +2.2:1
 (10:22 AM) ajayvee: RUT A/D +798 Vol +2.8:1
 (10:23 AM) tcb66: Aruj - Any thoughts on bonds today?
 (10:27 AM) berniectx: I get very angry at these clowns many who helped cause this extreme bubble in housing and subsequent downturn sick of them all
 (10:30 AM) tomthetrader: very painful to see ...especially all the $$$$$$$$$$$$ that was lost
 (10:31 AM) tomthetrader: in the investment world and the entire world economy
 (10:31 AM) tomthetrader: pretty big picture stuff
 (10:33 AM) thomas_Poland: we should see hight of the  week today
 (10:39 AM) eman11: LM breaking out to new highs not seen since October
 (10:41 AM) tomthetrader: LOVE IT
 (10:42 AM) tomthetrader: I cannot officially recommend LM as I am part time and a 20 year veteran but I know we need the buyout to be 33% higher to get a windfall from average price
 (10:43 AM) azags: I sold naked qld july 38 calls to open at 1.35. It is even higher now. I will be even more aggressive short at the close if the market stays up
 (10:43 AM) tomthetrader: starting 3x on the SPX ETF's
 (10:43 AM) tomthetrader: won't need futures anymore ...short CME ?
 (10:44 AM) tomthetrader: China limiting again access to GOOG short FXP plat
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 (10:45 AM) azags: I was at a fancy resort last week in Jackson Hole, Wyoming and some days it seemed empty. That is not a good sign as the summer season is on.
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 (10:47 AM) berniectx: QQQSJ .94 .95 tried to buy at .87 did not get yet
 (10:47 AM) tomthetrader: Should be filled up Zags ...that place id gorgeous ?
 (10:47 AM) berniectx: QQQSJ 36 July puts
 (10:48 AM) tomthetrader: OK we will enter QQQSJ now at the market 20 contracts
 (10:48 AM) tomthetrader: fills please or last trade ?
 (10:49 AM) stevefl_64: .94
 (10:50 AM) tomthetrader: Thanks Steve 20 contracts of the puts at 93-94
 (10:50 AM) eman11: .94
 (10:50 AM) tomthetrader: Thanks E
 (10:51 AM) dhmohan1963: tom VZ acting very stable in last 10 days
 (10:52 AM) thomas_Poland: I am thinking one more push up and than down
 (10:52 AM) tomthetrader: Bernanke looking meak again ..hate to see this ...I guess like waiting for a car wreck in NASCAR ...I feel like turning it off ?
 (10:53 AM) dhmohan1963: i have 1500
 (10:53 AM) dhmohan1963: ok
 (10:53 AM) tomthetrader: sell VZ with a good profit
 (10:54 AM) hibuck2:  Bernake saved the system? and congress can't even balance a checkbook
 (10:54 AM) berniectx: filled on QQQQ July Puts 36 .93
 (10:56 AM) azags: The restaurants in Jackson Hole also were easy to get reservations whereas in prior years there was a wait
 (10:56 AM) hibuck2: NYSE A/D +775
 (10:56 AM) hibuck2: $PCRCO .93
 (10:56 AM) hibuck2: $TRIN 1.49 $TRIQE .70
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 (10:59 AM) Fulkdaddy: Added to shorts
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 (11:03 AM) tomthetrader: anything in particular Dave ?
 (11:03 AM) Fulkdaddy: FXP, SKF, TWM
 (11:06 AM) tomthetrader: A LOT RIDING ON NEXT 3 days
 (11:06 AM) azags: I am trying to buy 40 million fxp at 12.80. I am borrowing from Thomas to afford it.
 (11:07 AM) azags: Thomas made a fortune following Vector Vest
 (11:09 AM) tomthetrader: Thomas has deep pockets inside those pink leotards?
 (11:09 AM) thomas_Poland: watch it !
 (11:09 AM) thomas_Poland: 
 (11:09 AM) tomthetrader: BAC we shorted at 13.40 and got stopped there ...should have reentered
 (11:10 AM) Fulkdaddy: Louise Yamada was on Bloomberg on June 12th...she does not see a retest of the lows at this point..SPX was at 946...but she did see a 10% pullback
 (11:12 AM) Fulkdaddy: 600
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 (11:19 AM) Todd5566: Tom, do you think BAC is a buy when it dips below $12 again in the following days?
 (11:19 AM) tomthetrader: No..I think it will make it under $10.00 and then will be a  buy
 (11:20 AM) tomthetrader: GS WFC MS and HCBK are about the only banks I would buy for the long term now
 (11:21 AM) Fulkdaddy: Did you see the CEO of HCBK on Cramer last night? Sounds like an awesome bank
 (11:21 AM) Todd5566: Thanks, not inculding JPM because of overpriced?
 (11:22 AM) Fulkdaddy: Up huge today...most likely due to the interview
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 (11:23 AM) tomthetrader: JPM is really fairly valued to its offerring
 (11:24 AM) tomthetrader: DOW HOD near ...TP right on it
 (11:24 AM) tomthetrader: market driving all NUTS ...which it is supposed to do
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 (11:28 AM) thomas_Poland: HOD ES
 (11:28 AM) tomthetrader: HOD all over ...very good read on last up move
 (11:29 AM) tomthetrader: put buyers thought they had the Bulls ...but the Bulls had them
 (11:29 AM) tomthetrader: too many people got too bearish too quick ?
 (11:29 AM) tomthetrader: HOD
 (11:30 AM) tomthetrader: DDM would have made a profit !
 (11:30 AM) tomthetrader: after all my WHINING
 (11:30 AM) thomas_Poland: High of the week as said !!!!
 (11:32 AM) tomthetrader: STUNNING MOVE
 (11:35 AM) thomas_Poland: Tom I am reading twitter fomr you
 (11:35 AM) thomas_Poland: why read services when you have me ??  
 (11:35 AM) thomas_Poland: kidding
 (11:36 AM) tomthetrader: Talk about a Bull trap ?
 (11:36 AM) tomthetrader: we just have witnessed a classic
 (11:37 AM) tomthetrader: classic TRAP
 (11:38 AM) berniectx: OK Thomas will you take it down now please
 (11:38 AM) netherbow1: ok JAS - I'll go find flag again
 (11:38 AM) hibuck2: NYSE A/D +1419
 (11:39 AM) hibuck2: $PCRCO 90
 (11:39 AM) tomthetrader: tremendous burst...climatic buying
 (11:39 AM) tomthetrader: as bears cover
 (11:39 AM) hibuck2: $TRIN 1.15 $TRIQE .63
 (11:39 AM) tomthetrader: shaking out the weak bears /
 (11:39 AM) Fulkdaddy: End of month mark ups
 (11:39 AM) hibuck2: $TNX 36.56 3.65
 (11:39 AM) tomthetrader: too early Dave ..just a old fashioned Bull trap
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 (11:41 AM) Fulkdaddy: Rev was right this morning saying he was giving the bulls some room but thinks we go test 878
 (11:41 AM) tomthetrader: 914...was last resistance here
 (11:42 AM) dhmohan1963: goes to 930
 (11:42 AM) desertone: Tom yr tgt of 914 on board
 (11:43 AM) tomthetrader: I don't believe we can stay over 914 for over 1/2 hour ..let's see the strength
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 (11:46 AM) thomas_Poland: I think we are very close to the highs of the week
 (11:46 AM) thomas_Poland: I will short after 12:00
 (11:47 AM) tomthetrader: BEARS GOT WAXED
 (11:47 AM) tomthetrader: short term
 (11:48 AM) tomthetrader: getting some short term SELL signals finally
 (11:48 AM) tomthetrader: what a run
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 (11:50 AM) tomthetrader: see how right we were on DDM !
 (11:50 AM) tomthetrader: just a few hours and a GIGANTIC FAKE OUT
 (11:51 AM) stevefl_64: well hope by tomorrow you will be saying the same thing about the bearish positions 
 (11:52 AM) stevefl_64: maybe even by the close
 (11:52 AM) stevefl_64: we have the Hammer on our side now
 (11:54 AM) tomthetrader: yes....tp the  polish hammer will get us through this ...with a little vodka
 (11:55 AM) tomthetrader: RUT 503.00 + got past res
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 (12:01 PM) Fulkdaddy: Wow was i early adding to shorts..ouch
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redliontrader: I have been here all day.. working with google to get quotes working..
redliontrader: They still seem wrong.. lol
 (12:05 PM) hibuck2: NYSE A/D +1718
 (12:06 PM) tomthetrader: Amazing rally...simply jaw dropping
redliontrader: So I have us 34% Allocated in Traders, 20% in Main, 20% in IRA
 (12:06 PM) tomthetrader: has the bears in a reeling mode
 (12:06 PM) tomthetrader: HOD again acting like yesterday should have
 (12:07 PM) hibuck2: will we get your 225.?
 (12:08 PM) tomthetrader: II Data ?
 (12:10 PM) Fulkdaddy: A/D 1605 trend day Tom?
 (12:10 PM) Fulkdaddy: feels like it
 (12:11 PM) tomthetrader: YES
 (12:11 PM) tomthetrader: and unless some selling come sin we are in the 2nd leg up in Bull
 (12:11 PM) thomas_Poland: we are very overbought in terms how far from Vwap we are
 (12:11 PM) eman11: What happened to LM it went from 26.70 to 24.70 in asecond
 (12:12 PM) eman11: I don't see any news.
 (12:13 PM) tomthetrader: 25.17
 (12:13 PM) Freezinalberta: stopped out of typ
 (12:13 PM) tomthetrader: 26.44 -25.17 in 10 minutes
 (12:15 PM) Freezinalberta: 21.29
 (12:16 PM) hibuck2: LM still dropping
 (12:16 PM) eman11: LM 24.25 - I still don't see any news
 (12:16 PM) hibuck2: something is up!
 (12:17 PM) eman11: Definiitely but what?
 (12:18 PM) thomas_Poland: a/d line is ready to rollover here
 (12:18 PM) eman11: I thought a close above 25 today was in the bag. which would have been a significant breakout
 (12:20 PM) Freezinalberta: stopped out of fxp
 (12:22 PM) Freezinalberta: fxp out at 12.60
 (12:23 PM) Freezinalberta: typ out at 21.29
 (12:24 PM) tomthetrader: The backwardation in ES futures has been a great way to cash in since February in the OUT months ....very bullish as the masses believe we are in a Bear market still which is probably bullish
 (12:24 PM) eman11: Found news Peltz has not added to his LM stake as been rumored still hold 1% - considering adding a little more here any thoughts?
 (12:24 PM) tomthetrader: LM ...these takeover plays will move on any comments and will not get reported...they get very volatile
 (12:25 PM) thomas_Poland: I am bearish for tomorrow
 (12:25 PM) tomthetrader: another new high
 (12:25 PM) thomas_Poland: but I think we may start move up till Mid July
 (12:25 PM) thomas_Poland: maybe we already started?
 (12:26 PM) tomthetrader:  Bullish:  28.00%
   Neutral:  23.20%
   Bearish:  48.80%
 
 (12:26 PM) Fulkdaddy: We broke the downtrend line from the 6/11 high on ES...it looks like a reversal of the short-term trend from down to up
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 (12:32 PM) eman11: Is Traders still in all of the shorts from today?
 (12:35 PM) tomthetrader: GS unch and NYA only up 1/2 of dow
 (12:35 PM) tomthetrader: I am waiting on the master RED to get our stops straight
 (12:36 PM) tomthetrader: The 4% stops on the new positions in my portfolio have not been taken out
 (12:36 PM) tomthetrader: but if everyone elses have been
 (12:36 PM) tomthetrader: Freezin says he is  stopped
 (12:37 PM) tomthetrader: I am not ...so we will wait on RED as he is the Master ..but google finance in acting up so let's be careful
 (12:37 PM) berniectx: I am down about 8% on my puts but think they will be OK will see
 (12:38 PM) tomthetrader: the Investors intelligence data is EXTREMELY BULLISH  and shows an dramatic move to the bearish camp and is short int and long term BULLISH
 (12:38 PM) tomthetrader: I am down 10% on QQQQ puts +
 (12:38 PM) tomthetrader: But no stops in on options except 3.50 on VIX
   (12:39 PM) *** TraderTim has left the room ***
 (12:40 PM) tomthetrader: 917 SPX and soon 914 will become support...VERY CRAZY MARKET
 (12:40 PM) tomthetrader:  Bullish:  28.00%
   Neutral:  23.20%
   Bearish:  48.80%
 
 (12:40 PM) Freezinalberta: still short msft,orcl, and long tlt
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 (12:44 PM) berniectx: Tom after seeing the data and action today are you turning bullish here?
 (12:44 PM) tomthetrader: No..not yet...market has to hold this for more than a day ...if we hold above 914 into Tuesday I will go long
 (12:45 PM) tomthetrader: I do not think it can
 (12:45 PM) berniectx: thx
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 (12:45 PM) tomthetrader: GS going red
 (12:45 PM) tomthetrader: may be your short D1 ?
 (12:45 PM) tomthetrader: on GS ?
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 (12:45 PM) tomthetrader: SRS acting fine on HUGE up day
 (12:46 PM) Fulkdaddy: That is interesting
 (12:47 PM) thomas_Poland: we should go down now ?
 (12:47 PM) thomas_Poland: at least some today?
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 (12:47 PM) tomthetrader: That investors intelligence data was reported by no one...I am mad at DE ...more mad at myself !
 (12:47 PM) tomthetrader: Where is DE ?
 (12:48 PM) tomthetrader: Making money in chips !
 (12:48 PM) thomas_Poland: good that this time I am not quilty
 (12:48 PM) thomas_Poland:  
 (12:48 PM) tomthetrader: Mr Chips may be holding out on me since I haqve been bearish
 (12:49 PM) tomthetrader: I haven't missed II #'s in 30 years and this week I miss them cause I am a day late and $1 short ?
 (12:49 PM) tomthetrader: unreal
 (12:51 PM) energy2x: Farrah has died.
 (12:51 PM) thomas_Poland: 28% bulls ... now all USA is reading xtrends?
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 (12:53 PM) tomthetrader: Too bad ....and she will be missed
 (12:53 PM) tomthetrader: Ed McMahon yesterday
 (12:54 PM) jbljudy: Ed McMahon and Johnny Carson....what a great era!
 (12:55 PM) hibuck2: looks like we r resting for the next move
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 (1:00 PM) redTest: Note:  Portfolio are uptodate.. Google had quote issues today... We get our futures and Options quotes from Yahoo which is also having issues today.. The options quotes are wrong.
 (1:01 PM) redTest: Google is back online
 (1:03 PM) tomthetrader: another great auction for the week
 (1:03 PM) tomthetrader: TREND DAY UP CONTINUES
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 (1:04 PM) hibuck2: 7year 3.33%
 (1:04 PM) tomthetrader: another Bullish auction
 (1:04 PM) tomthetrader: all great B-C
 (1:05 PM) tomthetrader: 20 point rally on news
 (1:06 PM) hibuck2: YHOO share hldr meeting should be on now
 (1:07 PM) tomthetrader: YHOO new CEO will do some deals Bullish money flows
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 (1:09 PM) hibuck2: Bartz qoute "I Am having a ball"
 (1:09 PM) tomthetrader: 225 in line
 (1:09 PM) tomthetrader: amazing Bulls pull a rabbit out of there hats
 (1:09 PM) tomthetrader: Fact is we have to take our lumps and let the chips fall where they may
 (1:10 PM) tomthetrader: and 180 up now
 (1:10 PM) tomthetrader: Holy Moly
 (1:11 PM) desertone: Volume?
 (1:18 PM) berniectx: very painful for puts and shorts today but will it last???
 (1:19 PM) Fulkdaddy: Tom, have you put anything up on Twitter today?
 (1:20 PM) arujunaa: massive central bank buying of treasuries today. dealers now capitulating after strong auction.
 (1:21 PM) arujunaa: 115.75 on tyu is my line in the sand today
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 (1:23 PM) tomthetrader: Yes...I have been on Twitter all day
 (1:25 PM) tcb66: Aruj - Are you short the TYU?
 (1:26 PM) tomthetrader: SRS now falling off
 (1:27 PM) tomthetrader: Gartman bid to covers not like anything in y4ears ....quite a quote on Bonds
 (1:28 PM) tomthetrader: Najarian Very Bullish
 (1:28 PM) tomthetrader: all the markers in place for another leg up in stocks
 (1:29 PM) thomas_Poland: yes after tomorrows selloff .. that would make all people on the wrong side ? 
 (1:30 PM) tomthetrader: very very Luck oriented market
 (1:30 PM) hibuck2: ALL my Stochastic were on the bottom of the screen oversold now all have turned up
 (1:31 PM) hibuck2: on daily charts
 (1:31 PM) arujunaa: nope tcb. now above 115.75. i am still bearish unless we take out 116.125 on a close. but not selling yet
 (1:33 PM) hibuck2: Bartz nothing to say on MSFT deal
 (1:33 PM) tomthetrader: At 888 ES I said " today's narrow range 7 day is EXTREMELY BULLISH with odds favoring a 3-5% up move By thurdays "
 (1:34 PM) tomthetrader: and here we are stopped out of shorts !
 (1:34 PM) tomthetrader: so much for planning
 (1:34 PM) tomthetrader: 1:45pm prez speaks on energy bill
 (1:35 PM) tomthetrader: fare hikes at UAL and AMR
 (1:35 PM) tomthetrader: ES up 35 points since NR7 day
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 (1:45 PM) eman11: Are we holding shorts in Traders?
 (1:45 PM) tomthetrader: they are all stopped except for options ...FXP still in question
 (1:46 PM) tomthetrader: all other shorts RED is resetting to report losses
 (1:46 PM) tomthetrader: and the IRA will add some QID here and Main and Traders 10% in all positions in all Funds
 (1:47 PM) tomthetrader: look for E-mail and Fill QID Now in all funds
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redliontrader: FXP stopped @ 12.56
redliontrader: typ stoped @ 21.52
redliontrader: DTO Stopped @ 73.18
 (1:50 PM) tomthetrader: again look at the E-Mails and add QID 10% in all funds if you like ..we are stopped out of all previous shorts (FXP) still in question
 (1:50 PM) tomthetrader: FXP answered !
redliontrader: We still hold the MSFT and ORCL not stopped
 (1:51 PM) tomthetrader: yes
 (1:51 PM) tomthetrader: we are still short MSFT ORCL and QID
redliontrader: + vix options + QQQ options
 (1:51 PM) tomthetrader: QID and VIX and QQQQ options too
 (1:51 PM) tomthetrader: 32.21 QID -32.22 ?
 (1:53 PM) redTest: buy program
 (1:53 PM) Freezinalberta: 32.24
 (1:53 PM) tomthetrader: Thanks
 (1:54 PM) derr11: in@32.24
 (1:57 PM) arujunaa: i would think about selling tlt here. usu9 is at 11800. not sure i would get short. but i would not be long necessarily
 (1:59 PM) Fulkdaddy: thanks, Aruj
 (2:00 PM) arujunaa: unless you thinks stocks will crater of course
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 (2:01 PM) berniectx: I am very cynical today clean energy, high taxes and tin can electric cars oh boy!!
redliontrader: OK.. Good afternoon everyone.. Yahoo quotes now appear to be working
 (2:02 PM) tomthetrader: ok
redliontrader: We are: 15% Short in Traders (Vix, QQQ opts, QID)
redliontrader: we are 30% Short in Main (MSFT, ORCL, QID)
redliontrader: We are 30% Allocated in IRA (TLT, QID)
 (2:04 PM) Fulkdaddy: hedge funds Tom...
 (2:04 PM) tomthetrader: yes
 (2:04 PM) Fulkdaddy: I added some shorts at 2:00 pm: FXP, SKF, SRS
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 (2:06 PM) tomthetrader: TLT should take off
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 (2:08 PM) tomthetrader: 93.50 stop on TLT OK
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 (2:11 PM) bitterwind4: tlt
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 (2:15 PM) tomthetrader: 94.00 stop now on TLT OK ?
 (2:15 PM) tomthetrader: stop TLT 20% long in IRA at 94.00
 (2:16 PM) tomthetrader: QID STOP AT 32.00 on all accounts
 (2:17 PM) tomthetrader: stop QID at 32.00
 (2:19 PM) JR Roden: I thought Obama was going to talk? Has he lost his Midas touch with the market?
 (2:20 PM) tomthetrader: He did speak and it was a non event
 (2:21 PM) JR Roden: Thx.  How far do you see this pullback going?
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 (2:27 PM) redTest: Gary from a text message on vacation: R2 Weekly & Daily @ 917 918
 (2:31 PM) tomthetrader: Great
 (2:31 PM) tomthetrader: let's take profits in TLT here 94.28
 (2:31 PM) tomthetrader: OK
 (2:31 PM) tomthetrader: Out of TLT at 94.28
 (2:32 PM) tomthetrader: sell 94.28 TLT take the $$$$$$$$$$$$$$$$$$$$$$
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 (2:43 PM) tomthetrader: 32.35 stops on all QID OK
 (2:43 PM) tomthetrader: 32.35 stops on ALL QID
 (2:43 PM) berniectx: seems to me that 914 SPX will hold for the bulls
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 (2:47 PM) tomthetrader: stopped out of QID
 (2:59 PM) hibuck2: NYSE A/D +1821
 (2:59 PM) stevefl_64: vix calls just traded at 3.50 are we keeping stop or has it been pulled?
 (2:59 PM) hibuck2: $PCRCO .95
 (2:59 PM) hibuck2: $TRIN 1.04 $TRIQE .59
 (3:00 PM) tomthetrader:   
 (3:00 PM) tomthetrader: want to beat up some hefgies
 (3:00 PM) tomthetrader: hedgies
 (3:01 PM) tomthetrader: as some forced buying / selling skewing the market
 (3:01 PM) tomthetrader: time for closing predictions ?
 (3:02 PM) Fulkdaddy: 907 close
 (3:02 PM) berniectx: SPX close 920
 (3:03 PM) tomthetrader: 910 will hold up on the close
 (3:03 PM) eman11: SPX 914.50
 (3:03 PM) tomthetrader: Thanks E
 (3:03 PM) berniectx: hope Dave and Tom are right
 (3:04 PM) JR Roden: I'd be happy with those predictions.
 (3:05 PM) tomthetrader: Dow 8389.31
 (3:07 PM) tomthetrader: we will buy 1000 sh DXD in Traders for a 1 hour trade in a BOX limit buy
 (3:07 PM) tomthetrader: 48.27 stop 48.19 sell stop 48.50
 (3:08 PM) tomthetrader: sorry
 (3:08 PM) tomthetrader: never got it
 (3:08 PM) tomthetrader: Never mind
 (3:08 PM) hibuck2: 1191  TICK
 (3:08 PM) tomthetrader: got stick ina selloff
 (3:09 PM) tomthetrader: Buy 48.06
 (3:09 PM) tomthetrader: DXD
 (3:09 PM) tomthetrader: BUY DXD 48.06
 (3:09 PM) tomthetrader: 1000 shares
 (3:09 PM) tomthetrader: 48.02 can fill
 (3:10 PM) tomthetrader: I can't type as fast as the market moves ..that
 (3:10 PM) tomthetrader: is 
 (3:10 PM) tomthetrader:  a bad
 (3:10 PM) tomthetrader:  sigtn
 (3:10 PM) tomthetrader:  to get into
 (3:10 PM) tomthetrader:  positions as i have to enter into another
 (3:10 PM) tomthetrader: computer..so it is
 (3:10 PM) tomthetrader: hARD OT FILL
 (3:11 PM) tomthetrader: 47.98 ...DID ANYONE EVEN SEE THIS ?
 (3:11 PM) tomthetrader: ARE WE IN A bULL DREAM WORld
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 (3:12 PM) Freezinalberta: 47.98
 (3:12 PM) JR Roden: What is the stop on those DXD's?
 (3:13 PM) tomthetrader: anyone get filled DXD ?
 (3:13 PM) Harrod_t: 47.98
 (3:13 PM) tomthetrader: I am still unfilled
 (3:13 PM) Freezinalberta: y
 (3:13 PM) stevefl_64: 48.01 here
 (3:13 PM) dhmohan1963: 47.96
 (3:14 PM) tomthetrader: 47.75 -48.75 target...let's end with a bang
 (3:14 PM) tomthetrader: or thud
 (3:16 PM) tomthetrader: 1000 shares from48.00 stop 47.75 stop win target 48.75
 (3:18 PM) ajayvee: why is AXP so happy today?
 (3:18 PM) tomthetrader: they have cut everyone's credit limit to 2k ?
 (3:19 PM) ajayvee: hope not, I just charged more than that yesterday   
 (3:22 PM) tomthetrader:   
 (3:23 PM) tomthetrader: someone is buying ....
 (3:23 PM) tomthetrader: AJ ...profits or having to use Credit card to pay bills ? Just kidding of course !
 (3:24 PM) tomthetrader: Like to see buying ...Flat screen 60 inches /
 (3:24 PM) tomthetrader: GLW
 (3:24 PM) ajayvee: fix my air conditioner!!
 (3:24 PM) tomthetrader: OUCH IN SUMMER ...worst ever here and it just started
 (3:25 PM) ajayvee: 97 and humid today in Akron, Oh
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 (3:32 PM) redTest: today.. ate lunch on the deck.. first time seeing the sun in about 10 days... 80degrees and sunny .. yeah!
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 (3:35 PM) redTest: congrats to the DXD holders!
 (3:35 PM) redTest: i missed the fills..
 (3:35 PM) redTest: remember to trail those stops
 (3:36 PM) redTest: wanted dh's price  
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 (3:36 PM) ajayvee: missed it too, good call though tom!
 (3:37 PM) TTTMichael: Just logging in.  Still long EEM from Monday's close.  What is the current TTT position???
redliontrader: http://pv.ttthedge.com/2009/05/all-portfolios.html
 (3:38 PM) tomthetrader: stop DXD break even now
 (3:38 PM) tomthetrader: Thanks Red
 (3:39 PM) tomthetrader: add to QID here 25% IRA
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 (3:40 PM) tomthetrader: QID added 25% ira ok
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 (3:40 PM) tomthetrader: PRICED AT 3:40PM
 (3:40 PM) tomthetrader: 32.48
 (3:41 PM) tomthetrader: FILLED 25% ira SHORT VIA qid
 (3:41 PM) tomthetrader: HOLD dxd TOO
 (3:41 PM) tomthetrader: 32.48 SHORT qid
 (3:42 PM) tomthetrader: AGAIN ADDING 25% qID HERE IN ira
 (3:42 PM) tomthetrader: Adding QID into Monday
 (3:42 PM) tomthetrader: 25% at a crack
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 (3:45 PM) tomthetrader: We're seeing some signs of a (weak) trend day, so I'm not sure how likely any kind of major reversal is before the close, but as the S&P fills its downside gap from Monday morning and flirts with last week's highs in that 925ish zone, I'd be surprised to see a sustained breakout above there in the coming day(s).
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 (3:45 PM) tomthetrader: We've also seen consistent weakness when the S&P rallies at least +1.5% but the Arms Index (also known as the TRIN) is over 1.0.  That means that there is relatively less volume flowing into up issues than down issues, a sign of less than enthusiastic buying pressure.
 (3:47 PM) berniectx: PPT to the close??
 (3:47 PM) tomthetrader: Nope going to get my number
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 (3:48 PM) tomthetrader:  (3:02 PM) Fulkdaddy: 907 close
 (3:02 PM) berniectx: SPX close 920
tomthetrader: 910 will hold up on the close
 (3:03 PM) eman11: SPX 914.50
tomthetrader: Thanks E
 (3:03 PM) berniectx: hope Dave and Tom are right
 (3:04 PM) JR Roden: I'd be happy with those predictions.
tomthetrader: Dow 8389.31
 (3:48 PM) tomthetrader: some huge buy programs today !
 (3:49 PM) berniectx: closest gets and ice creme!!
 (3:49 PM) tomthetrader: WOW ...it is like 90's program trading
 (3:49 PM) tomthetrader: I like ice cream
 (3:49 PM) tomthetrader: 30 points in dow in 30 seconds
 (3:49 PM) tomthetrader: M
 (3:49 PM) tomthetrader: A
 (3:49 PM) tomthetrader: N
 (3:49 PM) tomthetrader: I
 (3:49 PM) tomthetrader: P
 (3:49 PM) tomthetrader: U
 (3:49 PM) tomthetrader: L
 (3:50 PM) tomthetrader: A
 (3:50 PM) tomthetrader: T
 (3:50 PM) tomthetrader: I
 (3:50 PM) tomthetrader: N
 (3:50 PM) tomthetrader: pretty good
 (3:50 PM) ajayvee: forgot the "O"
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 (3:51 PM) tomthetrader: I can see it  !
 (3:51 PM) tomthetrader: 4% stops on QID
 (3:53 PM) ajayvee: Red you ARE incredible keeping up with this craziness!!  
 (3:53 PM) berniectx: thank you Red and Tom for all the work you do for the group
 (3:53 PM) ajayvee: you mean QQQQputs right?
 (3:54 PM) tomthetrader: Short the market here into Tuesday
 (3:54 PM) tomthetrader: Yes QQQQ 37 or 36 puts
 (3:54 PM) tomthetrader: PUTS PUTS
 (3:54 PM) tomthetrader: Puts on MSFT ORCL if you can ...thye are going DOWN
 (3:55 PM) tomthetrader: Thomas's favorite song in his pretty pink dress
 (3:56 PM) tomthetrader: this market has had it's run here
 (3:56 PM) tomthetrader: and we will be again shorting tomorrow
 (3:56 PM) tomthetrader: pretty good finish though
 (3:56 PM) tomthetrader: very good
 (3:57 PM) JR Roden: I hate the PPT
 (3:57 PM) tomthetrader: TREND day complete ...we missed the day
 (3:58 PM) tomthetrader: 920
 (3:58 PM) tomthetrader: someone gets ICE cream
 (3:59 PM) berniectx: loaded up many puts be careful all down tomorrow OK??
 (4:00 PM) tomthetrader: Thanks Bern
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 (4:00 PM) tomthetrader: magical for Bulls ...very troublesome for us Bears !
 (4:00 PM) tomthetrader: Thanks you all
 (4:03 PM) ajayvee: any big eco reports in the AM?
 (4:03 PM) tomthetrader: Nuthin
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 (4:04 PM) netherbow1: nite everyone - thxs TOM & everyone for posts
 (4:04 PM) tomthetrader: 50 points in that last run
 (4:05 PM) tomthetrader: thank you netherbow and see you tomorrow
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redliontrader: good night all..
 (4:05 PM) tomthetrader: Night RED ...Thanks again...
redliontrader: Traders: 25% Short
 (4:05 PM) tomthetrader: rest up
redliontrader: Main: 20% Short
 (4:06 PM) ajayvee: Thanks Red and Tom!
redliontrader: IRA: 25% Short
 (4:08 PM) tomthetrader: PALM big short positions
 (4:08 PM) redTest: There was some underlying weakness in today's trend day... I need to do some more research.. I'll update
 (4:08 PM) tomthetrader: Thanks
 (4:08 PM) tomthetrader: PALM up AH
 (4:08 PM) tomthetrader:  huge shorts
 (4:08 PM) ajayvee: better than expected report
 (4:09 PM) tomthetrader: up 5% I think Nether or D1 had that one pegged and I taked them out of it !
 (4:09 PM) tomthetrader: Sorry ...I don't like Palm but they are attacking the cell phone market
 (4:09 PM) tomthetrader: who buys these things /
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 (4:10 PM) ajayvee: pull back the covers...not so good
 (4:10 PM) netherbow1: TOM - did you see MEA - out now but planning on reentering - sold yesterday - yuck
 (4:12 PM) tomthetrader: I will look now
 (4:13 PM) tomthetrader: No way Nether ..my Gosh
 (4:13 PM) tomthetrader: What a monster
 (4:13 PM) netherbow1: any opinion ?
 (4:13 PM) tomthetrader: My jaw is firmly on the floor
 (4:13 PM) tomthetrader: New money rushing in
 (4:13 PM) netherbow1: lol
 (4:13 PM) tomthetrader: My Gosh
 (4:14 PM) netherbow1: thxs, I'll look tomorrow to try to enter
 (4:14 PM) tomthetrader: I will have to sleep on that ...MEA let's short now ?
 (4:14 PM) tomthetrader: can't short under 5.00 ?
 (4:14 PM) netherbow1: maybe
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 (4:14 PM) tomthetrader: 4.93 HOD
 (4:15 PM) ajayvee: many steel & iron companies had a good day. just caught in the euphoria!
 (4:16 PM) tomthetrader: Man....I do not think the economy can support these prices
 (4:16 PM) tomthetrader: X NUE
 (4:19 PM) thomas_Poland: ok .. high of the week made as planned today
 (4:19 PM) thomas_Poland: I think tomorrow will be down day
 (4:19 PM) thomas_Poland: see you all tomorrrow
 (4:19 PM) DE_TTT: Adios TP !
 (4:19 PM) JR Roden: TP you will be my hero if that comes true.
 (4:19 PM) JR Roden: You and TTT of course
 (4:20 PM) thomas_Poland: JR .. I wish you all make money with TTT .. and me of corse  
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 (4:32 PM) Pete45: Unbelievable –I just came back from client and SPX 920
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 (4:55 PM) tomthetrader: big close Trend day pop
 (4:57 PM) Alert: This is a G rated room intended for a General Audience including minors.  Offensive language is not permitted.
 (4:57 PM) Alert: Hi , Welcome to TTT


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 (5:00 PM) Alert: The latest on Iran NOW on News Talk Online in the Radio/TV Section [Free Video]
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 (5:28 PM) Alert: The latest on Iran NOW on News Talk Online in the Radio/TV Section [Free Video]
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 (6:42 PM) tomthetrader: Michael Jackson dead at 50 years old
 (6:56 PM) ajayvee: it comes in 3's - McMahon,Fawcett and Jackson
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 (7:03 PM) Xoomie: hello
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 (7:06 PM) tomthetrader: Yep
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 (8:27 PM) Alert: ====SECURITY BULLETIN!=======
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 (9:08 PM) ajayvee: already making new session lows in the futures
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 (9:49 PM) tomthetrader: Great
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 (10:00 PM) tomthetrader: Futures a bit lower
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 (10:49 PM) erikte279: Since the MACD and RSI are both oscillators would it be worthwhile to reference both?
 (10:49 PM) erikte279: I think MACD gives a better depiction of price action.
 (10:50 PM) erikte279: Is there any benefit of using both
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 (2:49 AM) bal562: Anyone here knows about SBLC?
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 (4:13 AM) Alert: ====SECURITY BULLETIN!=======
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 (7:45 AM) netherbow1: good morning
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 (7:55 AM) ajayvee: g'morning all TTT'ers. Happy Friday!
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 (8:17 AM) ajayvee: good thing we got out of POT the other day. reducing guidance today.
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 (8:20 AM) ajayvee: Qantas cancels dreamliner order from BA
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 (8:30 AM) ajayvee: ooops, good income and spending numbers
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 (8:56 AM) tomthetrader: Remember you should have added on the gap up !
 (8:56 AM) tomthetrader: we should be 50% + short now in all areas ...if you are a nimble trader !
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 (8:57 AM) ajayvee: short via BGZ QID and QQQQ puts   
 (8:58 AM) tomthetrader: add some TZA and ES futures short and you are good !
 (8:59 AM) tomthetrader: TZA EDZ MWN BGZ FVL short
 (8:59 AM) tomthetrader: and you are in the right package for today and Monday
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 (9:00 AM) desertone: GM everyone!
 (9:00 AM) tomthetrader: GM D1
 (9:01 AM) tomthetrader: PALM keeps going up with MEA ...we are putting you in charge of stock picking  !
 (9:01 AM) tomthetrader: Good day to fin ally SHORT GS
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 (9:01 AM) tomthetrader: You can short or buy puts on GS 145.00
 (9:02 AM) tomthetrader: very vulnerable now
 (9:02 AM) tomthetrader: they are shorting themselves ?
 (9:02 AM) desertone:   tnks sounds like a plan
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 (9:17 AM) billbTN: i'm short es from 914.50
 (9:18 AM) ajayvee: y
 (9:18 AM) hibuck2: wow load
 (9:18 AM) desertone: GM
 (9:18 AM) PremR: i can hear you
 (9:18 AM) derr11: ok
 (9:18 AM) billbTN: y
 (9:18 AM) hibuck2: spelling bad
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 (9:29 AM) eman11: Thanks Tom
 (9:29 AM) tomthetrader: Have a great day and great weekend if you are in and out today
 (9:29 AM) tomthetrader: Thank you all ...and let's go get them
 (9:29 AM) tomthetrader: P.S. read the Rolling Stone Article on GS !
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 (9:32 AM) thomas_Poland: we may make higher high today for short opp later
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 (9:34 AM) tomthetrader: or just collapse into a pitiful Trend day down 225
 (9:35 AM) thomas_Poland: don't think so today
 (9:35 AM) thomas_Poland: first rally and down later
 (9:35 AM) thomas_Poland: but decline may be limite IMO
 (9:36 AM) tomthetrader: I disagree
 (9:36 AM) tomthetrader: I don't like you
 (9:36 AM) tomthetrader: please go back to Gdansk
 (9:36 AM) thomas_Poland: first day for a while we disagree  
 (9:36 AM) tomthetrader: and drink your vodka
 (9:36 AM) tomthetrader: and ride your cycle
 (9:36 AM) desertone: LOL sorry Tom I think TP gets my vote LOLLOL
 (9:37 AM) thomas_Poland: I still love ya TTT
 (9:37 AM) thomas_Poland:  
 (9:37 AM) tomthetrader: I love TP ...he is always right though...makes me look bad !
 (9:37 AM) desertone: Nah he keeps you Young!!
 (9:37 AM) tomthetrader: His Seiko watch is the prize of all traders in poland
 (9:38 AM) tomthetrader: He keeps me CRAZY !
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 (9:38 AM) thomas_Poland: if this helps I think we close negative today  
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 (9:38 AM) tomthetrader: TZA is what we want to get on any bounce ..I am loaded from yesterday so you guys need to get a good price
 (9:39 AM) tomthetrader: TZA 25% in all portfolios
 (9:39 AM) tomthetrader: is our goal here and then 25% BGZ
 (9:40 AM) tomthetrader: anyone fill on TZA I thinkE and AJ are from yesterday and this morning...you guys want to give us your BGZ and TZA fills ?
 (9:40 AM) tomthetrader: TZA lets fill now at ......bid ask
 (9:41 AM) eman11: TZA this morning - 23.06
 (9:41 AM) tomthetrader: thank you
 (9:41 AM) eman11: BGZ AH yesterday 35.30
redliontrader: 22.95
 (9:41 AM) tomthetrader: anyone else or we All reeet
 (9:41 AM) tomthetrader: Thanks RED
 (9:42 AM) tomthetrader: no stops til Monday for TTT
 (9:42 AM) Harrod_t: 22.89
 (9:42 AM) tomthetrader: 22.90 TTT round 3
 (9:43 AM) tomthetrader: 10 ES futures still holding short from 914.00
 (9:43 AM) tomthetrader: and we added the VIX 20 calls this morning
 (9:43 AM) tomthetrader: OK
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 (9:45 AM) eman11: What percentage is Traders currently?
 (9:47 AM) tomthetrader: we will add our BGZ now 25% after we have added TZA
 (9:47 AM) thomas_Poland: a/d line is rising but not a/d volume
 (9:47 AM) thomas_Poland: still think higher high before seloff
 (9:47 AM) tomthetrader: let's add BGZ to our funds now
 (9:48 AM) richardt_5: TZA 22.75
 (9:48 AM) tomthetrader: Thanks ...we got our TZA and now lets get BGZ and let it run
redliontrader: 35.43
 (9:48 AM) richardt_5: QID 32.16
 (9:48 AM) tomthetrader: BGZ 25% filled at 35.43
 (9:49 AM) richardt_5: Both feet in now... no money for BGZ......lol
redliontrader: I have us 75% short in Traders, 70% Short in Main, 75% Short in IRA
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 (9:58 AM) tomthetrader: Thanks Red
 (9:58 AM) tomthetrader: stops at 4% on all positions
 (9:58 AM) Harrod_t: Look at your DAVE!!!
 (9:59 AM) tomthetrader: Yes meeting with CEO went well yesterday !
 (9:59 AM) tomthetrader: Free lunch and free coupons ..opening 24 new loactions throughout SE
 (10:00 AM) Harrod_t: Great
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 (10:01 AM) eman11: I was looking at buying DAVE under 5.50, hopefully I will get a chance
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 (10:04 AM) tomthetrader: Look at MEA ...what a moonshot
 (10:05 AM) desertone: TOM GS is running......
 (10:06 AM) tomthetrader: 914 VWAP
 (10:06 AM) tomthetrader: GS is a short !
 (10:07 AM) tomthetrader: 150.00 july Puts ...
 (10:07 AM) tomthetrader: good time to short GS if you ever wanted GS short now is the time
 (10:08 AM) tomthetrader: sell TZA only in IRA 23.25
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 (10:12 AM) hibuck2: NYSE A/D -442
 (10:12 AM) hibuck2: $PCRCO 1.03
 (10:13 AM) hibuck2: $TRIN 1.06 $TRIQE .90
 (10:13 AM) hibuck2: $TNX 35.21 3.52
 (10:13 AM) tomthetrader: Thanks
 (10:14 AM) hibuck2: yup
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 (10:16 AM) JR Roden: I grabbed a some GS puts.
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 (10:24 AM) thomas_Poland: this time a/d line moves up with a/d volume?
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 (10:28 AM) jaxbrown22: GM Having internet trouble, am I with you?
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 (10:29 AM) tcb66: Aruj - gm....Are you looking to get short bonds?
 (10:35 AM) tomthetrader: We are here market undergoing some selling but handling it well
 (10:35 AM) eman11: Test Can anybody see This?
 (10:35 AM) tomthetrader: Yes
 (10:36 AM) eman11: thx
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 (10:36 AM) tomthetrader: You are alive and well and living in TTT heaven ?
 (10:36 AM) jaxbrown22: Waiting for the bottom to fall out!
 (10:37 AM) tomthetrader: or the top to blow !
 (10:37 AM) tomthetrader: this is the type of market like 1999 and 2002 can really take your breath away ...lterally
 (10:38 AM) tomthetrader: literally
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 (10:38 AM) tomthetrader: as there are pockets of program trades and areas of shorting hedge funds that can move the markets swiftly
 (10:38 AM) arujunaa: gm tcb. i would for a scalp. but the trend is up. we usually stop all shorts at around 11am on a friday after moves like these. i would not be surprised to see good weakness into monday
 (10:39 AM) bal562: Anyone trade in MTN?
 (10:39 AM) dhmohan1963: tom which is the vix position  of call which you want to add upand please put a link for our site mintaied by red
 (10:39 AM) tomthetrader: Is that Mountain time ?
 (10:40 AM) Todd5566: it gives me the feeling of gambling; you either bad beat someone or get badbeat by someone
 (10:40 AM) arujunaa: tyu is neutral between 115.69 & 116.59 imo
 (10:40 AM) tomthetrader: .VIXHF
 (10:40 AM) dhmohan1963: ok
 (10:40 AM) tomthetrader: should have 40 long Vix calls
 (10:42 AM) JR Roden: DIA testng 84.25 from above for the 5th time in the past couple days.
 (10:43 AM) tomthetrader: Yes...seems like if we were going to break down it should be today or early Monday as long as 914 ES holds
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 (10:47 AM) eman11: Cmon SPX break through 914.
 (10:49 AM) tomthetrader: a/d lines and the rebalancing of RUT indices are SUPER important on the close today
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 (10:53 AM) tcb66: Thanks Aruj....I was looking for a break of today's highs to initate a short but the just missed it at 10am.   Now a bit unsure because of a possible stock market selloff into the close.....athough the two have decoupled lately so perhaps I shouldn't be so focused on it.
 (10:54 AM) tomthetrader: we will put a limit to sell 25% TZA in main fund at HOD 23.30 OK ...again I will repeat on Audio
 (10:56 AM) tomthetrader: again that has not been made but we will have a limit to sell 25% in the Main Fund at HOD
 (10:58 AM) dhmohan1963: tom what do you thinkof gold is it ready to go up
 (10:58 AM) tomthetrader: Sell IN IRA BGZ Market at 11:00am OK
 (11:00 AM) tomthetrader: 35.93
 (11:00 AM) tomthetrader: 35.94
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 (11:04 AM) tomthetrader: Sell BGZ in Main Fund 36.13
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 (11:05 AM) tomthetrader: put stops on everything but QID BREAK even
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 (11:06 AM) berniectx: are you still holding QQQQ puts Tom?
 (11:06 AM) tomthetrader: Yes
 (11:06 AM) tomthetrader: and VIX calls
 (11:06 AM) JR Roden: DIA tested 84.25 five times from above and finally broke through on #5, then tested 84.25 twice from below before dropping down near 84.00.  If 84.00 give way, it could go ot 83.50 pretty quickly ... which would be about 910 on the SPX.
 (11:07 AM) tomthetrader: Yes ...I still think you can add to DIA puts
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 (11:07 AM) tomthetrader: but right now it is LOCKING IN PROFITS
 (11:07 AM) tomthetrader: and adding options
 (11:07 AM) JR Roden: Good call.
 (11:10 AM) tomthetrader: Great work guys
 (11:14 AM) tomthetrader: sell BGZ in TRADERS now at market BGZ sold at 11:13 am 35.93
 (11:14 AM) eman11: Russell holding up well 
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 (11:16 AM) jaxbrown22: Question: why sell shorts to buy other shorts ie bgz to buy dia puts?
 (11:18 AM) dhmohan1963: will you buy bzu now
 (11:19 AM) dhmohan1963: bgu
 (11:19 AM) tomthetrader: No not until Tuesday or late Monday p.m.
 (11:19 AM) dhmohan1963: ok
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 (11:20 AM) tomthetrader: TZA EDZ MWN BGZ and I am short FVL
 (11:21 AM) ajayvee: what about adding to QID?
 (11:25 AM) tomthetrader: you can short FVL
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 (11:33 AM) tomthetrader: Bears gaining confidence and should put more pressure on into the close today
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 (11:39 AM) arujunaa: tcb, if we close above 118.125 on usu9, i would not get short. wait until early next week. we are currently at 118.50
 (11:40 AM) tomthetrader: Thanks Aruj ...great work this week ...you know if I made money in Bonds this week ...it was  agood week
 (11:40 AM) tomthetrader: I haven't made 10K in Bond related issues in 10 years !
 (11:41 AM) tomthetrader: so we welcome your professional help and great market calls and observations
 (11:41 AM) arujunaa: thanks tom
 (11:41 AM) arujunaa: but i'm clueless 9 times out of 10
 (11:41 AM) tomthetrader: Thank you ...a big help to our Traders group TEAM TTT # 1 on a roll !
 (11:41 AM) arujunaa: even a broken clock is right twice a day
 (11:42 AM) JR Roden: GS acting in a bull-flag today. 
 (11:42 AM) tomthetrader: don't sell yourself short ...you have been a huge asset....and hope you will continue to help us out
 (11:42 AM) tomthetrader: anyone get to read rolling stone article on GS ?
 (11:43 AM) tomthetrader: Rolling Stone
 (11:43 AM) desertone: Just entered GS 150 Puts @ 6.80
 (11:43 AM) tomthetrader: We have A Player....
 (11:43 AM) tomthetrader: I am really liking this group !
 (11:43 AM) tomthetrader: D1 is a TRADER
 (11:44 AM) tomthetrader: Has my respect
 (11:44 AM) tomthetrader: Now all you other Bums join in and do something special !!!!!
 (11:44 AM) tomthetrader: or I will sing
 (11:44 AM) tomthetrader:  Last time I said that Paltalk CRASHED
 (11:44 AM) desertone:   The end result that counts
 (11:45 AM) JR Roden: My computer got a virus that day too.
 (11:45 AM) JR Roden: Must have been just a threat of your singing
 (11:45 AM) tomthetrader: Last Friday 3pm Paltalk crashed
 (11:46 AM) berniectx: will have mute button handy just in case!!
 (11:46 AM) desertone: Today it is not behaving well either, need to exit and return....
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 (11:49 AM) tomthetrader: OK
 (11:49 AM) desertone: Back I think it's better  
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 (11:53 AM) JR Roden: GS breaks out of it's bull flag
 (11:53 AM) tomthetrader: Fakeout ...not breakout
 (11:54 AM) tomthetrader: will close in red ...just wait and see
 (11:54 AM) JR Roden: I'll trust you ... as always
 (11:54 AM) tomthetrader: I am bearish on GS and I neer miss !
 (11:54 AM) tomthetrader: never miss...you guys all know that 100% right ...right ?
 (11:55 AM) tomthetrader: 147.25 will never be hit this Month again !
 (11:55 AM) tomthetrader: 147.75 i MEAN
 (11:56 AM) JR Roden: Tjx
 (11:56 AM) JR Roden: Thx
 (11:59 AM) JR Roden: Now that is good news
 (11:59 AM) desertone: I have a High on GS of 147.85
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 (12:00 PM) Alert: ====SECURITY BULLETIN!=======
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 (12:04 PM) desertone: Blew through last Hi of 147.85 GS
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 (12:24 PM) hibuck2: NYSE A/D +2
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 (12:25 PM) hibuck2: $PCRCO .89
 (12:25 PM) hibuck2: $TRIN 1.39 $TRIQE .66
 (12:25 PM) hibuck2: $TNX 35.00 3.50
 (12:25 PM) hibuck2: $SPX 915.81
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 (12:26 PM) eman11: Just bought GS 150 puts half at 6.45 half 6.35
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 (12:28 PM) desertone: GL e11
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 (12:38 PM) eman11: Thanks I just bought at little more at 6.30
 (12:39 PM) desertone: Nice
 (12:40 PM) desertone: I just noticed that EEM has a Put/Call 2.65 ratio..... I guess lots of souls expect this one to bend over....
 (12:42 PM) desertone: I shall add GS if it gets over 148
 (12:43 PM) eman11: I hope it doesn't, but you might get that chance
 (12:45 PM) desertone: sorry e11 I don't want it either but GS has a sting of a tail...
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 (12:51 PM) Freezinalberta: gm everone,had to work last night. market kind of stable here
 (12:51 PM) Freezinalberta: heavily short all accountd?
 (12:52 PM) Freezinalberta: stops 4%?
 (12:53 PM) eman11: ES is trying to break above 914, we need it to hold.
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 (1:02 PM) hibuck2: NYSE A/D +242
 (1:02 PM) desertone: FYI am learning to read P & F charts and GS had, A triple Top Break Out and the buy/entry was 145
 (1:03 PM) thomas_Poland: I like PnF  
 (1:03 PM) jaxbrown: Question: What is trading sign for ES, how to get quote on Yahoo? THX
 (1:03 PM) desertone: Me too TP  
 (1:07 PM) thomas_Poland: PIT is so thin that anyone can do anything with any amount of money
 (1:07 PM) thomas_Poland:  
 (1:07 PM) thomas_Poland: most drink martinis already
 (1:08 PM) thomas_Poland: and do not give a sh. . about market
 (1:08 PM) desertone: lol
 (1:08 PM) thomas_Poland: so no follow through
 (1:08 PM) thomas_Poland: any direction
 (1:08 PM) thomas_Poland: maybe in the last hour??
 (1:08 PM) thomas_Poland: down as Tom says??
 (1:09 PM) thomas_Poland: after 2:00 I am looking to short .. or I am looking for beer
 (1:09 PM) thomas_Poland: and I really prefer the second option
 (1:09 PM) desertone: We better ... soon, Q what do U say?
 (1:09 PM) Freezinalberta: tall frosty would be good
 (1:10 PM) thomas_Poland: trees grow faster than ES moves now
 (1:10 PM) thomas_Poland: come one .. anybody .. can you buy 1000 spoos at market ??
 (1:10 PM) berniectx: Thomas please bring bear with the beer!!
 (1:10 PM) Freezinalberta: maybe drink a couple of scurvy killers later
 (1:11 PM) Freezinalberta: this market has scurvy
 (1:11 PM) thomas_Poland: scurvy killers ?? What is it ?
 (1:11 PM) Freezinalberta: corona or any other drink with lime
 (1:11 PM) thomas_Poland: pleeeeeaaaaassseee
 (1:11 PM) thomas_Poland: how can anybody call it a beer?
 (1:12 PM) Freezinalberta: best beer was last year in belgium
 (1:13 PM) Freezinalberta: micro breweries everywhere, making terrific beer
 (1:13 PM) thomas_Poland: that is true
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 (1:14 PM) thomas_Poland: we have also few local breweries in Poland ... very good beer
 (1:14 PM) Freezinalberta: every beer has to drunk from there own custom made glass
 (1:14 PM) bitterwind4: ES on Cyber platform is /ESU9 at this time.
 (1:15 PM) Freezinalberta: will definetly try one day
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 (1:23 PM) eman11: ES is a futures contact - for futures trading you have to fill out paperwork and apply in order to trade futures - everybody gets approved.
 (1:26 PM) hibuck2: Bitterwind thats right /ESU9 but u cant trade futures with schwab
 (1:26 PM) ajayvee: y
 (1:27 PM) Fulkdaddy: audio good
 (1:27 PM) eman11: y
 (1:27 PM) Fulkdaddy: I'll sing if we get a swoon!
 (1:27 PM) tomthetrader: YES
 (1:28 PM) tomthetrader: Sinatra and Martin ?
 (1:28 PM) thomas_Poland: nasdaq/nyse volume over 2
 (1:28 PM) bitterwind4: right Hibuck....I just follow the trade as an indicator.
 (1:28 PM) thomas_Poland: speculative?
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 (1:29 PM) tomthetrader: Yes 3 days in a row Thomas ?
 (1:29 PM) hibuck2: bitterwind r u a ex cybertrader?
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 (1:29 PM) thomas_Poland: yes
 (1:29 PM) bitterwind4: y
 (1:29 PM) tomthetrader: 1999 ?
 (1:29 PM) desertone: R we out of TZA ?
 (1:29 PM) hibuck2: they were much better than schwab
 (1:29 PM) thomas_Poland: NySE vol down 20% in comparison to yesterday this time
 (1:30 PM) bitterwind4: too bad Schawb crapped the platform
 (1:30 PM) hibuck2: aint that the truth
 (1:31 PM) tomthetrader: we should have been out of all profitable positions at BREAK even ..but let's see
 (1:31 PM) tomthetrader: I will recap the comments
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 (1:33 PM) desertone: Tnks Tom
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 (1:33 PM) tomthetrader: tomthetrader: Sell BGZ in Main Fund 36.13
tomthetrader: put stops on everything but QID BREAK even
 (11:06 AM) berniectx: are you still holding QQQQ puts Tom?
 (1:34 PM) tomthetrader:  put stops on everything but QID BREAK even
 (1:34 PM) berniectx: yes still holding underwater want out
 (1:34 PM) tomthetrader: Is up to whether you follow the Chat ....as it was spelled out but we would just reenter
 (1:35 PM) tomthetrader: And I said today was going
 (1:35 PM) tomthetrader: to be very hard to follow
 (1:35 PM) berniectx: OK left for awhile missed your call probably will hold till next week
 (1:36 PM) tomthetrader: so we will trade what we have ....and still reenter...I am still confident of a sell off to LOD in all indices by Monday 4pm
 (1:36 PM) Freezinalberta: Is reds portfolio up to date ?
 (1:36 PM) tomthetrader: It is pretty good for all he is having to do !
 (1:37 PM) tomthetrader: It is impossible on days like this when we have pre market trades and stops in at break even
 (1:37 PM) tomthetrader: really hard ...but ideally to should be about 33% short 67% cash overall
 (1:41 PM) tomthetrader: Thank you
redliontrader: I have Traders 28% short (DXD, VIX, QQQSJ)
 (1:42 PM) thomas_Poland: Do you know any hacker who can hack xtrends? As long as they give public short we will never go down
redliontrader: Main 20% Short MSFT, ORCL
redliontrader: IRA 25% short QID
 (1:43 PM) tomthetrader: Thank you RED
 (1:43 PM) Freezinalberta: thxs red great job
 (1:43 PM) tomthetrader: Thomas are you banned from XTRENDS
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 (1:44 PM) thomas_Poland: no
 (1:44 PM) Freezinalberta: faz 4.82
 (1:45 PM) tomthetrader: I am banned
 (1:45 PM) tomthetrader: fromXtrends and Tim Knight   
 (1:45 PM) thomas_Poland: i asked few questions  .. never got answer
 (1:46 PM) thomas_Poland: I really need to know where xtrendline is
 (1:46 PM) thomas_Poland: proctologist of Atilla found one in his a..
 (1:46 PM) thomas_Poland: I told you
 (1:46 PM) thomas_Poland: 
 (1:46 PM) Freezinalberta: I banned myself, after smart people got banned. Will not read there again
 (1:47 PM) thomas_Poland: no .. .read
 (1:47 PM) tomthetrader:   
 (1:47 PM) thomas_Poland: better contrary than Investor Inteligence?
 (1:47 PM) Freezinalberta: better sites out there
 (1:47 PM) Freezinalberta: like this one
 (1:48 PM) thomas_Poland: yes .. this one is the best
 (1:48 PM) thomas_Poland:  
 (1:48 PM) thomas_Poland: TTT .. go TTT
 (1:49 PM) thomas_Poland: today is so freaking hard
 (1:49 PM) desertone: Beer drinking in progress I C
 (1:49 PM) tomthetrader: Thank you from all my TTT Families ! Free T-Shirt this year ?
 (1:50 PM) tomthetrader: yes started noon EST so legally in Thomas's drunk zone ?
 (1:50 PM) tomthetrader: 8PM Thomas ?
 (1:50 PM) tomthetrader: for you ?
 (1:50 PM) hibuck2: what does it say or hv a picture ?
 (1:51 PM) desertone: We still have two whole hours to go...... LOL
 (1:51 PM) tomthetrader: UPRO anyone buying here?
 (1:51 PM) tomthetrader: SPXU ?
 (1:51 PM) tomthetrader: look those gems up
 (1:52 PM) tomthetrader: SPXU we may be in today ?
 (1:53 PM) tomthetrader: adding to shorts at 1:56pm
 (1:53 PM) Freezinalberta: tight stops tom? on existing tza,dxd,qid
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 (1:56 PM) thomas_Poland: yesz 8 pm here
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 (1:56 PM) hibuck2: NYSE A/D +260
 (1:56 PM) hibuck2: $PCRCO .83
 (1:57 PM) arak99: ES long or short?
 (1:57 PM) PremR: buying or shorting?
 (1:57 PM) tomthetrader: 1:56pm shorting ES futures
 (1:57 PM) arak99: thanks
 (1:57 PM) ajayvee: 913.25
 (1:57 PM) eman11: 113.25
 (1:57 PM) tomthetrader: anyone else with a B/A
 (1:58 PM) tomthetrader: 913.00 -913.25
 (1:58 PM) eman11: oops 913.25
 (1:58 PM) tomthetrader: best fills
 (1:58 PM) tomthetrader: in 10 contracts 913.25
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 (1:58 PM) tomthetrader: ESU9
 (1:58 PM) tomthetrader: stop 925
 (2:00 PM) Fulkdaddy: Kass adding to RUT short at 1:40
 (2:03 PM) thomas_Poland: POLL: will we make LOD or we already saw?
 (2:04 PM) Fulkdaddy: I say we end right at the LOD...913 SPX
 (2:04 PM) tomthetrader: LOD unless RUT recap reweight boosts them
 (2:07 PM) arak99: TF short better than ES short in that case?
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 (2:15 PM) tomthetrader: Yes TF ...and if you can fight the tape NQ
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redliontrader: very choppy mid day here..
 (2:15 PM) tomthetrader: TF ...the widowmaker
 (2:15 PM) tomthetrader: is back killing it's prey
 (2:16 PM) arak99: it always was with all those commodity names
 (2:16 PM) arak99: the only time I made money on TF was during the Oct crash
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 (2:16 PM) tomthetrader: I am still short Crude futures
 (2:17 PM) tomthetrader: Prem did you keep your Crude Futures short from last week
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 (2:18 PM) berniectx: to early to give us the close for today Tom or LOD?
redliontrader: Did you want those ES contracts tracked in traders?
 (2:19 PM) tomthetrader: LOD or else it will hit LOD at 3:55pm and rally 50 points !
 (2:19 PM) Freezinalberta: Red did you just close TZA?
 (2:20 PM) tomthetrader: RED , You can keep them here with just us ....they will be up to you guys ....if they want them tracked ..we were almost out with a 20 point gain ...but we may be out by the time you post them !
 (2:20 PM) PremR: tom, i got out of them earlier this week.
redliontrader: no... We sold IRA at profit, main and traders stopped out b/e
redliontrader: TZA that is
 (2:21 PM) arak99: Tom, VIX call premium is crashing. What do you make of it? last hour surge?
 (2:21 PM) tomthetrader: VIX is at the LEH long time lows
 (2:22 PM) tomthetrader: either a major bottom for VIX or a New Bull leg ?
 (2:22 PM) tomthetrader: I think a rally in Volatility is very close ...like 1 hour
redliontrader: VIX HF B/A = 3.20/3.30
 (2:23 PM) tomthetrader: yes...we will have to put a stop in monday
 (2:23 PM) arak99: it was steep drop from from even yesterday
 (2:23 PM) tomthetrader: for now NO stops on options
 (2:24 PM) arujunaa: tom, just sent you email on tlt from a broker
 (2:24 PM) tomthetrader: Thank you
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 (2:29 PM) tomthetrader: (1:57 PM) eman11: 113.25
tomthetrader: anyone else with a B/A
tomthetrader: 913.00 -913.25
 (1:58 PM) eman11: oops 913.25
tomthetrader: best fills
tomthetrader: in 10 contracts 913.25
 (2:29 PM) tomthetrader: Great E-mail
 (2:30 PM) tomthetrader: ON TLT
redliontrader: Dow unable to establish above the 200DMA - 10 closes now below?
 (2:31 PM) tomthetrader: yes
 (2:31 PM) tomthetrader: unbelievable topping type action ?
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 (2:37 PM) tomthetrader: Great to have you
 (2:38 PM) thomas_Poland: die bulls
 (2:39 PM) arak99: light equity volume could with heavy futures buying. someone doesn't want the market to go down
 (2:39 PM) tomthetrader: They have some ammo Thomas but not much ...PPT ?
 (2:39 PM) arak99: could = cpoupled
 (2:39 PM) arak99: coupled
 (2:39 PM) tomthetrader: agree
 (2:39 PM) thomas_Poland: yes this is annoying today
 (2:39 PM) thomas_Poland: narrow range
 (2:40 PM) tomthetrader: NR7 again led to rally /
 (2:41 PM) thomas_Poland: do not tell anyone  
 (2:42 PM) tomthetrader: OK
 (2:42 PM) tomthetrader: It is just between you and me
 (2:42 PM) thomas_Poland: good
 (2:45 PM) ajayvee: "I see nothing"  - as Schultz used to say  
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 (2:48 PM) JR Roden: Are they going to push us to a positive close?
 (2:48 PM) JR Roden: Or will the volatility come back in a hurry.
 (2:49 PM) ajayvee: I sure hope this isn't - "never short a dull market"
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 (2:51 PM) ajayvee: listening to the S&P pit audio says no one there to trade...too nice of weather to trade!
 (2:51 PM) desertone: Watch it AJV U R showing yr age   re Schultz
 (2:51 PM) tomthetrader: Bob Crane
 (2:51 PM) ajayvee:   
 (2:51 PM) tomthetrader: HOGAN
   (2:52 PM) *** PremR has left the room ***
 (2:52 PM) jaxbrown22: Colonel Klink
 (2:52 PM) desertone: Right  
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 (2:52 PM) desertone: Tom GS on the cusp of 148....
 (2:52 PM) ajayvee: with re-runs it crosses generations
 (2:53 PM) arak99: why does today feel like May 29th?
 (2:53 PM) tomthetrader: GS DIE GS
 (2:53 PM) tomthetrader: Get thomas to sell GS D1 ...he is  majic
 (2:53 PM) tomthetrader: Magic
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 (2:55 PM) ajayvee: HOD in the cards?
 (2:55 PM) desertone: I shall beat me up again it is not the first time and GS has help these days
 (2:55 PM) desertone: GS 148.06 hod
 (2:56 PM) thomas_Poland: I want  Iwant
 (2:56 PM) thomas_Poland: 
redliontrader: Dow needs 60 more point to x the 200DMA - 8494.30
 (2:57 PM) tomthetrader: Thanks Great point
 (2:57 PM) tomthetrader: we have to look at the bigger PICTURE sometimes as we have drug ourselves thru a lot this week
 (2:58 PM) ajayvee: Naz A/D +207 Vol +1.4:1
 (2:58 PM) ajayvee: NYSE A/D +146 Vol -1.2:1
 (2:58 PM) ajayvee: RUT A/D -47 Vol +1.1:1
 (2:59 PM) ajayvee: buyers moving in big time
 (3:00 PM) ajayvee: die bulls!
 (3:01 PM) ajayvee: add shorts on the rally?
 (3:02 PM) ajayvee: or wait for close?
 (3:04 PM) ajayvee: nibbling on some TZA 22.49
 (3:05 PM) JR Roden: Should we still hold onto GS short plays?
 (3:06 PM) ajayvee: VIX at LOD
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 (3:08 PM) tomthetrader: VIX High on Friday before LEH belly up was 26.67
 (3:08 PM) tomthetrader: 26.00 now
 (3:09 PM) tomthetrader: the world is back to normal
 (3:09 PM) thomas_Poland: and all saidd about wedge in VIX
 (3:09 PM) thomas_Poland: some time ago
 (3:09 PM) thomas_Poland: all saw vix going up
 (3:09 PM) thomas_Poland: TA suck
 (3:10 PM) thomas_Poland:  
 (3:10 PM) tomthetrader: lol
 (3:10 PM) thomas_Poland: The only good thing in this market is that Atilla is hurt
 (3:10 PM) thomas_Poland:  
 (3:10 PM) tomthetrader: tomek
 (3:11 PM) tomthetrader: everyone needs to keep a perspective here ....earnings drive markets ....public is exiting
 (3:12 PM) tomthetrader: trim tabs and lowrys and zwieg all looking for lower prices ...we are doing the right thing...if not we get stopped and move along..oddsare with us RED can tell us how good of a week
 (3:12 PM) tomthetrader: getting a real rare sell in QQQQ
 (3:13 PM) JR Roden: GS back down to 147.85
 (3:13 PM) tomthetrader: dating back to 2002
 (3:13 PM) thomas_Poland: with II at 28%bulls we really 'should' rally into mid July
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 (3:13 PM) tomthetrader: yes...that number floored me Thomas
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 (3:13 PM) tomthetrader: I am hoping we crash today and Monday and then rally
 (3:15 PM) Fulkdaddy: this end of month mark-up is what bothers me and thinks we may not sell off
 (3:16 PM) Fulkdaddy: Many think they start the mark-ups earlier now to prevent the SEC from getting suspicious
redliontrader: So far this week up $25K closed traders $19K if you include current holdings..
 (3:17 PM) tomthetrader: yes definitely the 3 day window of closing a stock trade
 (3:18 PM) tomthetrader: good work guys
redliontrader: "closed traders" = closed trades
 (3:18 PM) tomthetrader: we will keep the pressure on them
 (3:18 PM) Fulkdaddy: Tom, the Lowry's, Trimtabs and Zweig data makes me think we are on the correct side of the trade...this end of month mark-up could be what is getting in the way of a down move for now
 (3:18 PM) JR Roden: GS Dropping hard now
 (3:19 PM) JR Roden: Down .50 in 15 min
 (3:19 PM) tomthetrader: and it takes just one good sell program to get 100 points down ...so let's see the close
 (3:19 PM) tomthetrader: as i said this morning ...really important close below 914
 (3:19 PM) Todd5566: wish it keep going, and NYSE does not close on green please
 (3:21 PM) Todd5566: 914 in Chinese means dying soon, 914 914
 (3:21 PM) bitterwind4: to clarify that 914 is the ES not the SPX. tia
 (3:28 PM) eman11: Are we holding are current traders positions until Monday
 (3:29 PM) JR Roden: What is the ES right now?
 (3:29 PM) 09fxtrader: 914.5
 (3:29 PM) ajayvee: ES 914.50
 (3:30 PM) arak99: short TD 508
 (3:30 PM) arak99: TF
 (3:30 PM) arak99: short NQ 1478
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 (3:31 PM) JR Roden: GS really looks like it wants to dive into the close here.
 (3:31 PM) ajayvee: let's hope it takes the market with it
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 (3:33 PM) ajayvee: let's be happy with what we have. If the market was crashing....tom would be singing   
 (3:34 PM) desertone: Good One AJ
 (3:35 PM) thomas_Poland: yes ajay .. die bears  
 (3:35 PM) desertone:   
 (3:37 PM) desertone: Russell Rebalancing ? Traslation anyone ?
 (3:38 PM) tomthetrader: they kick a ton of stocks out and put a ton in
 (3:38 PM) PremR: http://www.russell.com/indexes/membership/reconstitution/default.asp
 (3:39 PM) thomas_Poland: yes Sir!  
 (3:39 PM) tomthetrader: AJ ...you miss my singing
 (3:39 PM) tomthetrader: Thomas just goes MUTE
 (3:39 PM) desertone: Thnks PR
 (3:39 PM) tomthetrader: Zags went on vacation again to stay away ?
 (3:40 PM) hibuck2: NYSE A/D +498
 (3:40 PM) hibuck2: $PCRCO .81
 (3:40 PM) tomthetrader: needs to close -
 (3:40 PM) tomthetrader: need that a/d to close -1
 (3:40 PM) hibuck2: $TRIN 1.19 TRIQE 1.24
 (3:41 PM) Freezinalberta: tza 22.30
 (3:41 PM) tomthetrader: Naz is SOOOOOOOOOOOOOOOOO cooked
 (3:41 PM) JR Roden: Damn - PPT to the rescue again.
 (3:41 PM) ajayvee: markets at HOD my account at LOD  
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 (3:41 PM) tomthetrader: the rebalances really taking effect
 (3:42 PM) tomthetrader: as AJ says don't short a dull market
 (3:42 PM) tomthetrader: we are in for a + close on all indices   
 (3:42 PM) Freezinalberta: TZA 22.22
 (3:43 PM) eman11: Should we sell our shorts or hold on until monday?
 (3:43 PM) tomthetrader: I am holding everything short
 (3:43 PM) ajayvee: I'm with ya!
 (3:44 PM) tomthetrader: Monday could be Black monday 1987 ?
 (3:44 PM) tomthetrader: NAZ is in a perilous position
 (3:44 PM) tomthetrader: has nowhere to go
 (3:44 PM) Freezinalberta: TZA 22.11
 (3:45 PM) Freezinalberta: 22.01
 (3:45 PM) ajayvee: yes TZA a killer for me
 (3:45 PM) bitterwind4: Tom, you are looking for a short dip tho right??
 (3:45 PM) bitterwind4: a trading dip
 (3:45 PM) tomthetrader: Yes I was short into today and into Monday
 (3:46 PM) tomthetrader: we took good gains this a.m. and now are looking for a drop on Monday ...maybe 200-300 points
 (3:46 PM) desertone: A green closing coming up .....
 (3:46 PM) tomthetrader: Yes
 (3:46 PM) tomthetrader: No sellers ..we could get a + week
 (3:47 PM) eman11: GS did not make a new high on the last run
 (3:47 PM) JR Roden: Correct EMan, GS still looks like it wants to dive
 (3:48 PM) tomthetrader: 12 minutes
 (3:49 PM) arak99: Yowza, look at that VIX collapse
 (3:49 PM) Freezinalberta: like to buy tza  what do you think tom
 (3:49 PM) tomthetrader: Technology now the biggest area of all the RUT and S and P indices
 (3:49 PM) tomthetrader: BUY TZA
 (3:49 PM) tomthetrader: keep pressing TZA
 (3:49 PM) JR Roden: GS still hurting ... let's see it get below 147 on close
 (3:49 PM) tomthetrader: dollar cost average in small positions
 (3:50 PM) hibuck2: yhoooooooo YHOO HOD @ 14.78 will it hold ?
 (3:50 PM) tomthetrader: Good work on YHOO
 (3:51 PM) hibuck2: thxs
 (3:51 PM) Freezinalberta: TZA 21.98
 (3:52 PM) tomthetrader: Thomas and Me are duets ?
 (3:52 PM) tomthetrader: Pink on Blue ?
 (3:52 PM) tomthetrader: Not so close Thomas
 (3:52 PM) tomthetrader: Perv !
 (3:52 PM) bitterwind4: Tom if Tech is such a bigpart of those indexes why is the NAZ still sub 2000 levels??
 (3:52 PM) Freezinalberta: who's on top
 (3:52 PM) Fulkdaddy: I would like to see you to dance together and sing this song to one another
 (3:53 PM) tomthetrader: TECH was beat up but now in need to replace losing banks and industrials
 (3:53 PM) tomthetrader: setting up for another 2002 crash
 (3:53 PM) tomthetrader: 19.00 qqqq I have trades at
 (3:53 PM) Fulkdaddy: Nas just went up and filled the gap from 6/15!
 (3:53 PM) tomthetrader: now a double since
 (3:53 PM) Fulkdaddy: Now we can fall
 (3:54 PM) Fulkdaddy: rally is done
 (3:54 PM) tomthetrader: right mission accomplished on naqz ..crash and burn monday
 (3:54 PM) Fulkdaddy: they cleaned out the shorts...now they take  it down
 (3:55 PM) Fulkdaddy: mother scratchers!
 (3:55 PM) Fulkdaddy: 5 minutes to take it under 914
 (3:55 PM) tomthetrader: agree....serve and protect your government
 (3:55 PM) Fulkdaddy: not going to do it
 (3:55 PM) tomthetrader: we own 1/2 the big board
 (3:57 PM) tomthetrader: we will stick with it ...took some nice gains this week ..will try to double it next week ..short week ...no eco stats or earnings ...just PPT/ GS
   (3:57 PM) *** dhmohan1963 has joined the room ***
 (3:57 PM) bitterwind4: is TZA abuy these levels near lod??
 (3:57 PM) tomthetrader: yes
 (3:57 PM) tomthetrader: buy buy buy
 (3:58 PM) bitterwind4: just bought it tks
 (3:58 PM) tomthetrader: get a good 25% in TZA
 (3:58 PM) bitterwind4: .24
 (3:58 PM) tomthetrader: may sell off ah
 (3:58 PM) tomthetrader: tf
 (3:58 PM) tomthetrader: we will see 2 minutes
 (4:00 PM) tomthetrader: There is the bell
 (4:00 PM) Fulkdaddy: 918..could not get under 914
 (4:00 PM) tomthetrader: Love your government 1
 (4:00 PM) ajayvee: look at that selloff
 (4:00 PM) tomthetrader: the close was the most important part of the day
 (4:00 PM) eman11: ES is under 914 
 (4:01 PM) Freezinalberta: TZA 2000 @ 22.03 and 2000 @ 22.36
 (4:01 PM) tomthetrader:   
 (4:01 PM) desertone: Wow look at the jump on TZA whoever added AJ? @ 21.98 Good Job!!
 (4:01 PM) ajayvee: thank you
 (4:01 PM) tomthetrader:   
 (4:01 PM) richardt_5: Great learning week for me Tom. And I made a few bucks to boot. Thank you TTT and RED
 (4:02 PM) eman11: GS under 147 AH
 (4:02 PM) tomthetrader: YES Thank you ..we will get better every week
 (4:02 PM) JR Roden: Look at GS ... now under 147. That's a big candle on the daily bar.
 (4:02 PM) tomthetrader: Love that RED BAR
 (4:02 PM) Freezinalberta: wild ride
redliontrader: added TZA at 22.01 @ 3:50 -- Yes red is good!
 (4:03 PM) desertone: WTG e11 My bid never hit....
redliontrader: NYSE closed Red and Dow..
 (4:03 PM) ajayvee: nice close for us!!
 (4:03 PM) desertone: Good Night everyone enjoy yr weekend!  Tnks Tom!
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 (4:04 PM) berniectx: thanks all have a good weekend back to the trenches again next week be careful
 (4:04 PM) Freezinalberta: beer drinking in poland?  and canada
 (4:04 PM) ajayvee: thanks for teaching me patience tom!
 (4:05 PM) eman11: Thanks Tom
 (4:05 PM) JR Roden: Awesome info and good patience ... you guys are good.
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 (4:05 PM) Freezinalberta: thanks red and tom
 (4:05 PM) aloha1_2: aloha....and i mean it
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 (4:05 PM) Todd5566: thank u Tom, have a good weekend
   (4:05 PM) *** JR Roden has left the room ***
 (4:05 PM) tomthetrader: Great ..red bar open Monday
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 (4:05 PM) ajayvee: I have to enjoy the heat. New air conditioner coming Monday!
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 (4:06 PM) tomthetrader: Thanks you all Guys and Gals...best place to be for Traders
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redliontrader: Have a good weekend everyone.. any questions or issues let us know : redliontrader@gmail.com
 (4:06 PM) netherbow1: thxs TOM - nite everyone - enjoy the weekend
   (4:06 PM) *** Todd5566 has left the room ***
 (4:06 PM) ajayvee: Thanks Red for the website. The only way to keep up with tom!
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 (4:08 PM) eman11: Before you go, how are your indicators?
 (4:08 PM) PremR: tom, what did you do with that 25cents...Tom: "what 25cents?"...the 25cents your mother gave you for singing lessons!!!
 (4:08 PM) tomthetrader: naz sell...most neutral
 (4:09 PM) tomthetrader: ouch
 (4:09 PM) ajayvee:   
 (4:09 PM) PremR: i was hoping to listent to the song without that noice
 (4:09 PM) tomthetrader: OK
 (4:09 PM) tomthetrader: OK
 (4:10 PM) eman11: It's Red Bar Radio
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 (4:10 PM) tomthetrader: Yes
 (4:11 PM) tomthetrader: send me a note at tomandprisha@msn.com
 (4:11 PM) Freezinalberta: When i visit F;orida I will drop off a few homemade wines for you Tom
 (4:11 PM) bitterwind4: k
 (4:11 PM) tomthetrader: Bitter : e-mail tomandprisha@msn.com
 (4:12 PM) tomthetrader: Freeze ..I won't be able to walk or sing after drinkin homemade wine ?
 (4:12 PM) ajayvee: tom, did we reach an official sell signal?
 (4:12 PM) tomthetrader: still some selling into options close
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 (4:13 PM) tomthetrader: on NAZwe hit a close TTT sell yesterday on the close
 (4:13 PM) tomthetrader: but never official TTT
 (4:13 PM) tomthetrader: just dodging it by closes and gap opens
 (4:14 PM) ajayvee: thanks, so my QQQ puts are good for the weekend!
 (4:14 PM) tomthetrader: Yes
   (4:14 PM) *** aloha1_2 has left the room ***
 (4:14 PM) tomthetrader: QQQQ 33.74 target byOpex
redliontrader: my house is about 5 miles from the Bush compound in Kennebunkport, just had some fighter jets fly by at roof top level.. wow that was loud.. our tax $$$'s at work..
 (4:16 PM) tomthetrader: YES...my wife would love that ...my son played cape cod summer league and we went there
 (4:16 PM) tomthetrader: how close to the Ballparks for cape league red
 (4:16 PM) ajayvee: you actually saw the "U.S" on the wings, right?
 (4:16 PM) arak99: Short ES 914 on close
redliontrader: good point aj..
 (4:17 PM) tomthetrader: OK
redliontrader: cape is closer to my massachusetts home.. about 4 hours from here
 (4:17 PM) arak99: will evaluate on Sunday open. Need a gap down or I won't be keeping it
 (4:17 PM) tomthetrader: Maine and the cape right two different vacations
 (4:18 PM) tomthetrader: Holliste MA and Maine
redliontrader: yes.. cape sandy.. maine rocky
 (4:18 PM) tomthetrader: Where is Thomas in his pink leotards ?
 (4:18 PM) tomthetrader: Cold water !
 (4:19 PM) tomthetrader: No air conditioning 1
redliontrader: yes cape 70 maine 55
ttt