(8:48 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:48 AM) Alert: Hi , Welcome to TTT
redliontrader: GM
(8:49 AM) ajayvee: g'mornin red and the rest of the ttt'ers
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(8:56 AM) Ma_yhm: http://www.youtube.com/watch?v=T7EqzzuZdfw Why you are wasting your time, while thousands of people are making money even when they are sleeping, this is not scam or virus just try it you will not regret
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(8:57 AM) thomas_Poland: f...k .. I missed him
(8:57 AM) thomas_Poland: idiot
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(8:58 AM) sttteve: the hammer was to slow LOL
(8:58 AM) thomas_Poland: it takes time to swing it
(8:58 AM) sttteve: it is heavy
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(9:00 AM) thomas_Poland: yep
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(9:05 AM) desertone: Good Morning everyone!!
(9:05 AM) tomthetrader: I think the Chinese government has a plan and it will include a rise in their stock market
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(9:05 AM) don_2007_: gm folks
(9:06 AM) tomthetrader: FXI should drop and FXP go up if
(9:06 AM) tomthetrader: if there was a natural order of things as they have hoarded all the goods they can now and will be in some trouble into Fall
(9:07 AM) thomas_Poland: just for info ... NOT MY THINKING ....
(9:07 AM) thomas_Poland: Terrly Loundry is bullish
(9:07 AM) tomthetrader: But very tough to short anything these days as the Crisis control folks are on overtime and BIG MONEY is on the side of BIG MONEY
(9:07 AM) thomas_Poland: he was right in this bear market and maybe ???
(9:07 AM) tomthetrader: Doubt it
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(9:07 AM) thomas_Poland: I am bullish till MiD July only
(9:08 AM) thomas_Poland: yes I have my doubts too
(9:08 AM) thomas_Poland: I want new highs till mid July ... I want Atilla hurt
(9:08 AM) thomas_Poland: kidding
(9:08 AM) thomas_Poland: hmm ... or not
(9:08 AM) thomas_Poland:
(9:11 AM) azags: tlt keeps moving higher
(9:13 AM) tomthetrader: TLT and TBT getting more action than stocks ?
(9:13 AM) tomthetrader: 10 days of the narrowest range in post 2000 history
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(9:16 AM) ajayvee: g'mornin
(9:16 AM) azags: Today appears to be the last day for a down move prior to the july 4 usual pop. I will probably be going long at the close unless the ndx closes higher than 1504 at which time I will stay short
(9:16 AM) sttteve: gm
(9:16 AM) thomas_Poland: gm
(9:16 AM) desertone: gm
(9:16 AM) TTTMichael: gm
(9:16 AM) richardt_5: good morning
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(9:16 AM) don_2007_: gm.. good here
(9:17 AM) azags: I am short until the close today
(9:18 AM) desertone: R u talking Tom ? no voice here
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(9:18 AM) tomthetrader: push to talk
(9:18 AM) desertone: I did
(9:19 AM) berniectx: GS article was quite interesting and believeable
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(9:19 AM) desertone: Tnks I shall re enter
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(9:24 AM) Fulkdaddy: Will there be any fallout from the GS article?
(9:24 AM) Fulkdaddy: Since the government is a partner with them...I would think not
(9:25 AM) desertone: Exactly FD....
(9:28 AM) Fulkdaddy: makes me sick
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(9:29 AM) hibuck2: i agree with u
(9:29 AM) Fulkdaddy: their job is to figure out ways to get around the law and take money from the little guy
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(9:35 AM) Fulkdaddy: Bensignor is going long IAI...broker/dealers
(9:35 AM) Fulkdaddy: hmmm???
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(9:36 AM) tomthetrader: Thank you
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(9:37 AM) ajayvee: TZA and QID go green
redliontrader: I have put the A/D race indicator up on live charts so you can track the R2000 A/D line (it is dark blue)
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(9:39 AM) tomthetrader: Thank you RED again the A/D line and RUT is the the KEY
(9:39 AM) tomthetrader: KEY
(9:39 AM) tomthetrader: KEY for the coming days
(9:40 AM) tomthetrader: I do not think they can rally past 925 and more of a target of 888 is on the way
(9:42 AM) bitterwind4: TZA was 22.17 before the bell
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(9:43 AM) tomthetrader: Thanks
(9:43 AM) tomthetrader: we have to keep an eye on IWM puts and RUT TF short futures
(9:44 AM) tomthetrader: I want to get a larger position in those areas and maybe swing out of some others
(9:46 AM) arak99: ES 908 might possibly be the low for the day .. assuming we get there
(9:46 AM) tomthetrader: 907.25 last night early this a.m.
(9:46 AM) Fulkdaddy: what makes you say that Arak?
(9:46 AM) tomthetrader: will mayber get to 904
(9:47 AM) tomthetrader: we will have to see how it works here
(9:47 AM) arak99: if we fail on 908, 902/903 will be the next support area
(9:48 AM) arak99: support lines Fulkdaddy
(9:48 AM) Fulkdaddy: thanks
(9:48 AM) Fulkdaddy: Thomas, what do you say?
(9:48 AM) Fulkdaddy: see?
(9:48 AM) thomas_Poland: till mid July
(9:48 AM) hibuck2: NYSE A/D -187
(9:48 AM) thomas_Poland: it does not mean it has to start today
(9:48 AM) hibuck2: $PCRCO .88
(9:49 AM) hibuck2: $TNX 34.69 3.46
(9:49 AM) hibuck2: $SPX 918.00
(9:50 AM) arak99: Crude short
(9:50 AM) ajayvee: MSFT at HOD
(9:50 AM) hibuck2: YHOO ?
(9:50 AM) Fulkdaddy: Hibuck, I have asked this before but want to make sure I am clear...$PCRCO is the index p/c or equity only or total p/c?
(9:51 AM) ajayvee: ORCL off its highs
(9:51 AM) hibuck2: ORCL 21.30
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(9:52 AM) arak99: Why is crude being whipped higher here?
(9:52 AM) eman11: GS dropped quick at the open and now bounced back some.
(9:52 AM) arak99: USD index is also up
(9:52 AM) arak99: sounds like someone is trying hard to keep the market up
(9:52 AM) tomthetrader: That is the answer $ up Crude down
(9:52 AM) redTest: my FCX i was holding in IRA just stopped out.. 9.84% gain.. thank you tom
(9:53 AM) arak99: my guess is we rally after 10:30am for EOQ tape painting
(9:53 AM) tomthetrader: Great Trade REd
(9:53 AM) tomthetrader: and very good execution
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(9:54 AM) TTTMichael: Wait for them to come to you.
(9:55 AM) tomthetrader: 9:54 am sell your TZA for a profit and then look at IWM 53.00 puts to July
(9:55 AM) arak99: continue shorting more TF here?
(9:56 AM) tomthetrader: 23.24 sold TZA
(9:56 AM) tomthetrader: Yes
(9:56 AM) arak99: I'm short TF at 508
(9:56 AM) tomthetrader: TF futures short and IWM puts we will add
(9:56 AM) hibuck2: IWM SA 3.10 3.15
(9:56 AM) hibuck2: 53.00 puts
(9:57 AM) ajayvee: out TZA at 23.31
(9:57 AM) tomthetrader: buy 10 IWM SA
(9:57 AM) tomthetrader: at 9:55am
(9:58 AM) azags: I bought 15000 qid at 32 late Friday and just sold 5000 at 32.3
(9:58 AM) tomthetrader: Nice Zags...good bet
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(9:58 AM) tomthetrader: Like to see those great trades early in the a.m. !
(9:58 AM) hibuck2: GJ Zags
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(10:00 AM) Fulkdaddy: RUt and BKX leading on the downside...A/D -440 at 10:00 am
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(10:07 AM) ajayvee: are we hanging on to QID and QQQ puts?
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(10:08 AM) tomthetrader: 2% stops from bid on QID
(10:08 AM) tomthetrader: qqqputs we hold no stops
redliontrader: I have QID stops 2% currently at 31.79
(10:10 AM) hibuck2: NYSE A/D -190
(10:11 AM) tomthetrader: great stop on QID
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(10:17 AM) ajayvee: adding to any shorts yet?
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(10:18 AM) hibuck2: NYSE A/D now +126
(10:22 AM) PremR: DAX breaking out from morning range.
(10:22 AM) tomthetrader: Dow way up ...Naz down ...is this a change /
(10:23 AM) tomthetrader: DAX is looking like a spike to come back quickly...we will see their close soon
(10:24 AM) Fulkdaddy: We need an ES failure at resistance right now
(10:25 AM) tomthetrader: 925 cash SPX is a wall
(10:25 AM) tomthetrader: I do not see that being broke until the 4th quarter
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(10:28 AM) hibuck2: NYSE A/D +411 mvg up
(10:29 AM) hibuck2: $TRIN .76 $TRIQE .37
(10:30 AM) tomthetrader: DOW spike up pretty strong FADE of a weak open Bulls in control
(10:30 AM) tomthetrader: still expect a - close
(10:31 AM) ajayvee: NYSE A/D volume +2.2:1
(10:31 AM) tomthetrader: we will add 10 contracts of ES short at 918.50
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(10:32 AM) azags: I have been away from the computer but happily sold all my qid at 32.30 and 32.31
(10:32 AM) tomthetrader: stop 925
(10:32 AM) tomthetrader: 20 contracts now from 913-918.50 stops at 925 ES
(10:34 AM) tomthetrader: Naz a/d line in the PARTY ?
(10:35 AM) tomthetrader: RUT down .75%
(10:37 AM) Fulkdaddy: Kass still short IWM on the "artificality of the net buying the Russell created a short-term opportunity to short the Russell"
(10:37 AM) hibuck2: on a holiday week usually up ? i allways heard
(10:39 AM) tomthetrader: Yes seasonally strong Thursday
(10:40 AM) tomthetrader: and EOM
(10:40 AM) tomthetrader: 71.00 oil propping the sandp and dow up
(10:41 AM) arak99: Dow Transports up 1.18%
(10:41 AM) azags: I bought a portion of qid 5000 at 31.82 again
(10:41 AM) arak99: BKX is also up for the day
(10:42 AM) arak99: Planning to short ES at 926
(10:42 AM) eman11: Do you have a stop o the GS options?
(10:43 AM) tomthetrader: 15% back of bid
(10:43 AM) eman11: The current bid which is 5.85?
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(10:44 AM) tomthetrader: Trades 145 handle early before the buy programs ...decent profit now at loss ?
(10:44 AM) tomthetrader: 4.95 stop
(10:44 AM) eman11: Yeah it hit a LOD at 146.10 then sharpley turned around.
(10:45 AM) eman11: OOPs sharply
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(10:46 AM) tomthetrader: pre market 145.28
(10:47 AM) desertone: GS grrrrrrrrrr
(10:47 AM) tomthetrader: the Bloom berg .com story on cash
(10:47 AM) Fulkdaddy: What?
(10:48 AM) hibuck2: Short covering rally?
(10:48 AM) tomthetrader: chasing market leads to collapses and we are seeing chasing but I am sure the money made chasing here is just as easy to spend as the money we are spending on short s?
(10:48 AM) ajayvee: did we just break the 925 cash spx wall
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(10:49 AM) hibuck2: running of the bulls in the streets
(10:49 AM) tomthetrader: see if it holds over 5 minutes
(10:50 AM) tomthetrader: Exxon mobil accounting for most gains
(10:50 AM) tomthetrader: we will have AJ time the SPX over 925 vs under today
(10:50 AM) hibuck2: NYSE A/D +922
(10:50 AM) hibuck2: $PCRCO .70
(10:51 AM) hibuck2: $TRIN .56 $TRIQE 048
(10:51 AM) Fulkdaddy: hibuck do you know what p/c that is?
(10:51 AM) Fulkdaddy: Or Tom?
(10:51 AM) hibuck2: CBOE totals
(10:52 AM) Fulkdaddy: index, equity only or total?
(10:52 AM) hibuck2: schwab told me it is the total of all put and calls traded
(10:53 AM) Fulkdaddy: ok
(10:53 AM) bitterwind4: TZA off lod test
(10:53 AM) Fulkdaddy: Helene said on the Total p/c that low is usually bad
(10:54 AM) Fulkdaddy: So the dumb money is buying calls...which is what they are doing today...we should fall soon
(10:54 AM) Fulkdaddy: Is everyone in agreement with this analysis?
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(10:56 AM) PremR: fulkdaddy, does she support that with any statistics of any sort or is that an empirical observation?
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(10:58 AM) tomthetrader: Helene Meisler report sent out this morning...she is and has been pretty bearish past decade but highly regarded as the a top 10 technician
(10:58 AM) thomas_Poland: if ES opens up > 0.4% and opeining gap is filled during the session chances for a close below the open increase to 75%
(10:58 AM) tomthetrader: HOD
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redliontrader: QID Stopped out 31.79
(11:00 AM) tomthetrader: POOP
(11:01 AM) tomthetrader: hard to manage ....largest losses on 2 QID trades gone awry
(11:01 AM) tomthetrader: over past 3 weeks
(11:07 AM) tomthetrader: OIL
(11:07 AM) tomthetrader: OIL
(11:07 AM) tomthetrader: OIL
(11:07 AM) tomthetrader: OIL
(11:07 AM) tomthetrader: that is the only reason market is up
(11:07 AM) tomthetrader: and if you like 3.00 + gasoline ...you will like this summer market
(11:08 AM) tomthetrader: keeping a eye on IWM and RUT ...the KEY as I have memntioned this week
(11:08 AM) thomas_Poland: I think there is good chance we make high today or tomorrow morning than down till Wed afternoon and up again till Friday morning
(11:09 AM) tomthetrader: Thanks TP
(11:09 AM) thomas_Poland: Till Thursday afternoon of course as Friday is off
(11:09 AM) tomthetrader: I think we spend more time under 925 than above
(11:10 AM) tomthetrader: Maybe we still run our own market on friday /
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(11:11 AM) ajayvee: 45 minutes above 925
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(11:15 AM) tomthetrader: HOD
(11:15 AM) tomthetrader: Trend day characteristics now
(11:15 AM) tomthetrader: as piling on begins in earnest
(11:17 AM) thomas_Poland: Tom you are not taking the week off?
(11:17 AM) thomas_Poland: why do you think it is so important time ?
(11:18 AM) tomthetrader: No..I had my vacation taking care of my wife during surgery...my B'day vacation was put on hold
(11:18 AM) tomthetrader: I think if the bulls can break out and hold it is a huge market changing event
(11:19 AM) PremR: 925 cash or es?
(11:19 AM) Fulkdaddy: Kass plans on expanding his short into a potential markup at quater end ove rthe next two days
(11:19 AM) Fulkdaddy: his short book
(11:19 AM) PremR: ok...thx
(11:22 AM) ajayvee: that I guess is my original ?. What constitutes a break of 925? Must it close above to be called a break?
(11:22 AM) tomthetrader: a close ...
(11:22 AM) tomthetrader: especially a Friday close
(11:23 AM) tomthetrader: intraday usually doesn't matter much except for day trades
(11:23 AM) ajayvee: tnx
(11:24 AM) Fulkdaddy: BKX is leading
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(11:26 AM) tomthetrader: AAPL up .17
(11:26 AM) tomthetrader: GOOG
(11:26 AM) bitterwind4: on the bullish side for SPX if it keeps testing 950 levels it just might hold thru it. 200 sma is still heading down with the 200 ema now flat. has now held the 50ema. could just as easily test and pb tho.
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(11:28 AM) PremR: nq new high of day
(11:29 AM) tomthetrader: gold down RUT down
(11:29 AM) tomthetrader: Q's up .20 cents
(11:30 AM) tomthetrader: great shorting area
(11:32 AM) tomthetrader: UQQRK 50 contracts at .55 Traders
(11:33 AM) hibuck2: Madoff gets 150
(11:34 AM) tomthetrader: 150 years ain't easy at 80 ?
(11:37 AM) tomthetrader: market is topping
(11:44 AM) eman11: Does the .UQQRK expire at quarter end?
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(11:49 AM) redTest: I have today as an expiration date
(11:52 AM) eman11: Does that mean the time premium will steadily erode until the end of the day
(11:52 AM) redTest: Today's SPX high of 927.21 almost exactly matches the 927.09 from 6 days ago.. If we breach the 927 number, the next challenge for the SPX will be to establish a new 10 day high which currently sits exactly at 928
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(11:53 AM) eman11: Red on the Portfolio page in Traders you have QQQRK listed instead of UQQRK - Thanks
(11:54 AM) redTest: y i noticed that too.. next refresh should be correct.. and
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(11:57 AM) thomas_Poland: P/C is really bearish now
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(12:00 PM) eman11: I have expiration listed on UQQRK for tomorrow 6/30
(12:02 PM) sttteve: so they have to ba a day trade for us
(12:02 PM) sttteve: be
(12:02 PM) tomthetrader: yes
(12:02 PM) sttteve: ty
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(12:03 PM) thomas_Poland: idiot idiot
(12:03 PM) hibuck2: another jerk
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(12:03 PM) thomas_Poland: hey idiot
(12:03 PM) tomthetrader: ALAN 86 was bounced from the room by tomthetrader. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(12:03 PM) Freezinalberta: any stops for DXD.MSFT,ORCL?
(12:04 PM) tomthetrader: all 4%
(12:04 PM) Freezinalberta: dont want to give anything back
(12:05 PM) Freezinalberta: txs tom
(12:05 PM) tomthetrader: Thank tyou
(12:05 PM) tomthetrader: Thank you
(12:05 PM) tomthetrader: Market gaining as many participants as possible here LONG
(12:06 PM) Freezinalberta: hopefully setting up another short?
(12:07 PM) tomthetrader: very strong market..if it is a bull ..we will get killed
(12:07 PM) tomthetrader: short
(12:08 PM) tomthetrader: will have to start hedging long soon if we are wrong ...or if i am am wrong
(12:08 PM) tomthetrader: I being the key word
(12:09 PM) Freezinalberta: 928 key level on close?
(12:09 PM) tomthetrader: just remember overnight we had a pretty good bottom put in the futures ..a $3K gain in a few hour trade in ES so this bounce is pretty much held captive by the highs and lows of friday
(12:09 PM) tomthetrader: 925 cash as far as I am concerned
(12:09 PM) tomthetrader: I can't hold many shorts above that level
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(12:10 PM) tomthetrader: needs to drop hard this p.m. or tomorrow on eco news into employment report...some say it is going to be HORRIBLE report /
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(12:10 PM) tomthetrader: HOD Dow
(12:11 PM) arak99: Dow struggling at R2 pivot to go higher
(12:11 PM) arak99: sorry, that was /YM
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(12:15 PM) thomas_Poland: a chart for those who wanna loose some time
(12:15 PM) thomas_Poland: http://www.fotosik.pl/pokaz_obrazek/7f291efc8d5433eb.html
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(12:38 PM) berniectx: very quiet in here today
(12:39 PM) tomthetrader: very quiet ..vacation week
(12:40 PM) tomthetrader: everyone on hold
(12:40 PM) tomthetrader: or buy
(12:40 PM) tomthetrader: RUT Unch now
(12:40 PM) tomthetrader: OIL
(12:40 PM) tomthetrader: OIL
(12:40 PM) tomthetrader: OIL
(12:40 PM) tomthetrader: story of the day
(12:41 PM) tomthetrader: w/o oil ...nothing much as we continue on the 11 day narrow range
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(12:59 PM) ajayvee: I need a pick-me-up. any chance of a crash this afternoon?
(12:59 PM) sttteve: if there is I will buy you a drink.
(1:00 PM) sttteve: actually a N Y Prime
(1:00 PM) ajayvee: yeah!
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(1:01 PM) tcb66: Aruj - Any read on bonds today? I looking to get short ahead of the auctions next week but no signs of weakness even with stocks rallying.
(1:02 PM) Freezinalberta: how about ukrainian kulbasa aj
(1:02 PM) tomthetrader: 10 year from + 4.00% down to 3.5% and we will see the jobs report ...which I think will be weak ...thus lower rates
(1:03 PM) ajayvee: you bet freeze!
(1:05 PM) tomthetrader: very stretched markets but we will soon find out if it is "Good" overbought or not so good ....again a close below 925 cash is still ok ...a close above on heavy volume and 2-1 a/d line is time for bears to exit
(1:05 PM) tomthetrader: 148.50
(1:05 PM) tomthetrader: GS
(1:05 PM) tomthetrader: seems to be a multiple top
(1:06 PM) tomthetrader: banks not doing all that well
(1:06 PM) tomthetrader: many are saying the rally is due to Madoff sentencing ..now there is a good reason to spend a billion dollars on stocks !
(1:07 PM) thomas_Poland: and he got 150 years?
(1:07 PM) thomas_Poland: why not life ?
(1:07 PM) thomas_Poland:
(1:07 PM) berniectx: what do you show rest of day TP?
(1:08 PM) thomas_Poland: I want to go long one last time
(1:08 PM) thomas_Poland: but I think that rally may stretch till tomorrow morning
(1:08 PM) thomas_Poland: and upside can be limited now
(1:08 PM) berniectx: darn was hoping you wanted to short!!
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(1:09 PM) thomas_Poland: not today
(1:09 PM) tomthetrader: market has done very little today...broad market flat down up 1% everything else about .50% up ...not much here
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(1:11 PM) ajayvee: SPX just skimming along 926
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(1:12 PM) ajayvee: and ES along 922
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(1:14 PM) ajayvee: getting ready to poke thru 924?
(1:15 PM) thomas_Poland: 930 today?
(1:16 PM) thomas_Poland: new post at www.tradingtheodds.com .... good for bears
(1:17 PM) thomas_Poland: no problem red
(1:17 PM) hibuck2: NYSE A/D +1000
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(1:18 PM) tomthetrader: seems funny that Pres. Obama states we have made more progress on oil .....and yet since in office oil has doubled ...now that is only the same progree his predeccessor can take credit for
(1:19 PM) tomthetrader: BULL
(1:19 PM) tomthetrader: MARKET NOW ?
(1:19 PM) tomthetrader: Stops OFF ES
(1:19 PM) tomthetrader: No more stops on ES
(1:19 PM) thomas_Poland: Tom .. I would sh... my both legs
(1:19 PM) thomas_Poland:
(1:19 PM) tomthetrader: we will add short positions in IWM puts here
(1:19 PM) ajayvee: thanks TP, I needed a morale booster. will try beer next
(1:21 PM) tomthetrader: again how have we done so well on oil on the past 3 months and conservation if oil is doubling and up 3-5% a day /
(1:21 PM) ajayvee: IWMSA again?
(1:21 PM) tomthetrader: Yes
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(1:22 PM) thomas_Poland: ajay .. any time
(1:22 PM) tomthetrader: 2.37 50 contractsw
(1:22 PM) thomas_Poland: and do not try beer .. try vodka .. works faster
(1:22 PM) tomthetrader: IWMSA we will add to traders
(1:22 PM) tomthetrader: 2.37
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(1:23 PM) Ma_yhm: http://www.youtube.com/watch?v=T7EqzzuZdfw Why you are wasting your time, while thousands of people are making money even when they are sleeping, this is not scam or virus just try it you will not regret
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(1:23 PM) tomthetrader: IWM Jul 2009 53.0000 put(OPR: IWMSA.X)
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(1:24 PM) thomas_Poland: much less new highs today than friday .. both NYSE and Nasdaq
(1:26 PM) tomthetrader: today is nothing ...a real non event other than a chance for stops to get whaCKED
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(1:29 PM) thomas_Poland: this is to painful beeing long ... and short ... no real edge for me here
(1:30 PM) thomas_Poland: either direction
(1:30 PM) thomas_Poland: I tried long and had to cover now breakeven
(1:30 PM) thomas_Poland: that will move this thing up
(1:30 PM) capitanuncino_1: I go short
(1:32 PM) tomthetrader: dxd WE WILL ADD 1000 SHARES HERE AT 1:31PM
(1:32 PM) tomthetrader: DXD 1000 shares
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(1:37 PM) DE_TTT: European Markets Closing Prices: FTSE: 4294.0 +53.0 +1.3%, DAX: 4885.1 +108.6 +2.3%, CAC: 3193.7 +64.0 +2.0%
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(1:37 PM) Freezinalberta: 1:31 now? est?
(1:39 PM) Freezinalberta: traders ? % ?
(1:46 PM) tomthetrader: adding QQQQ Puts July 37.00 50 contracts
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(1:47 PM) tomthetrader: QQQSK at 1.02
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(1:48 PM) tomthetrader: QQQQ Jul 2009 37.0000 put(OPR: QQQSK.X)
Last Trade: 1.02
Trade Time: 1:32pm ET
Change: 0.17 (14.29%)
Prev Close: 1.19
Open: 1.13
Bid: 1.02
Ask: 1.03
Day's Range: 0.92 - 1.31
Contract Range: 1.09 - 4.91
Volume: 22,208
Open Interest: 65,429
Strike: 37.00
Expire Date: 17-Jul-09
(1:49 PM) tomthetrader: The QQQQ puts will be a day trade also
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(1:50 PM) tomthetrader: so all puts on QQQQ will be sold on the close ...unless notified...June's and july's
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(1:58 PM) tomthetrader: aapl red
(1:58 PM) tomthetrader: csco red
(1:59 PM) tomthetrader: uyg red soon
(1:59 PM) tomthetrader: fslr red even with oil up huge
(1:59 PM) tomthetrader: exhaustion here in oil solar
(1:59 PM) tomthetrader: jpm unch
(2:01 PM) hibuck2: NYSE A/D +875
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(2:01 PM) tomthetrader: stinks ...all oil stocks exxon
(2:01 PM) hibuck2: $PCRCO .76
(2:01 PM) Three_Taverns3: ok. which one of you broke the market? : )
(2:02 PM) tomthetrader: market is broken just ambulance chasers left
(2:02 PM) Three_Taverns3: sideways ES is even putting me to sleep.
(2:02 PM) Three_Taverns3: lol, tom
(2:02 PM) tomthetrader: unch es over 6 weeks
(2:02 PM) tomthetrader: naz wa on a sell signal
(2:02 PM) hibuck2: RIMM -.73 @ 69.94
(2:03 PM) Three_Taverns3: that was a nice call you made on long es. thinking it was about 890 area.
(2:03 PM) tomthetrader: qid should be bought in bulk for earnings
(2:03 PM) hibuck2: DXD could be huge if the market turns
(2:03 PM) tomthetrader: but rates need to spike
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(2:04 PM) eman11: G925 cracking, let's see if it can stay below
(2:04 PM) eman11: GS is still up
(2:04 PM) tomthetrader: not for long
(2:04 PM) tomthetrader: 145 open tomorrow
(2:05 PM) thomas_Poland: I still think that we can have another push up
(2:05 PM) thomas_Poland:
(2:05 PM) hibuck2: $TNX 34.69 3.46
(2:05 PM) tomthetrader: I'll push you up
(2:06 PM) tomthetrader: 2 hours of pain for longs
(2:06 PM) Three_Taverns3: better let you all focus. so long, traders. go get 'em
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(2:06 PM) tomthetrader: yes 3
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(2:06 PM) tomthetrader: money money money .....money
(2:07 PM) hibuck2: NYSE A/D +684 and falling
(2:07 PM) tomthetrader: IWM red again
(2:07 PM) eman11: GS at 145 would be sweet, hopefully GS will start to turn soon and have a nice selloff at the end of the day
(2:07 PM) tomthetrader: AAPL falling hard
(2:07 PM) tomthetrader: FAZ a Buy
(2:08 PM) tomthetrader: for those bears with ammo
(2:08 PM) eman11: AD NYSE + 544 NAZ -190
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(2:19 PM) hibuck2: MDRX electronic medical records up 12%
(2:20 PM) hibuck2: 16.50
(2:22 PM) thomas_Poland: more and more people are talking about all volatility indexes below lower bollinger bands
(2:22 PM) thomas_Poland: it should be bearish
(2:22 PM) thomas_Poland: but Atilla wrote about it also
(2:23 PM) thomas_Poland: so he can break this selloff as those idiots from PPT can again put those xtrendlines into his a...
(2:24 PM) hibuck2: yes and I hv Bollanger bands going through to the outside of the Keltner Channels
(2:25 PM) thomas_Poland: which is Carters squeeze play
(2:25 PM) thomas_Poland:
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(2:26 PM) hibuck2: it can go on for a while but the longer the more vilent the snap back
(2:26 PM) thomas_Poland: we still need to go through vwap beeing on the chart of every bloomberg MBA trader
(2:28 PM) hibuck2: sold my YHOO now a deal will come
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(2:32 PM) thomas_Poland: now for those who saw my chart we are testing the broken line
(2:32 PM) thomas_Poland: to the tick
(2:35 PM) tomthetrader: market very resilient as buyers come in on the dipsc again off the correction
(2:36 PM) tomthetrader: Volume picked up on selling now back to a soft , toppy market
(2:37 PM) eman11: I don't know if the PPT will let the market drop significantly before the end of the quarter.
(2:37 PM) tomthetrader: 1999 2002 2007 action ...prolonged sisedays action
(2:37 PM) tomthetrader: market hasn't moved really in 60 days
(2:38 PM) tomthetrader: after a near 100% high beta run up
(2:39 PM) tomthetrader: ES 921 add another 10 contracts short
(2:39 PM) azags: Tom what are you anticipating for the close?
(2:39 PM) tomthetrader: 925.00 or lower
(2:40 PM) azags: dow?
(2:40 PM) tomthetrader: but I know one of these 2 days today or tomorrow was going to be up big ..maybe today was it..hope it is not tomorrow
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(2:40 PM) tony4real_1: hello rm
(2:40 PM) tomthetrader: Dow is at 8504.00
(2:40 PM) tomthetrader: Hi Tony
(2:41 PM) tomthetrader: please super IM me if you would like to join
(2:41 PM) tony4real_1: hello tomthertrader
(2:41 PM) tony4real_1: ok
(2:41 PM) tomthetrader: OK
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(2:53 PM) tomthetrader: tony4real_1 was bounced from the room by tomthetrader. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(2:53 PM) rjllanas: i am interested in joing
(2:53 PM) rjllanas: joing
(2:53 PM) rjllanas: joining
(2:53 PM) tomthetrader: please go to http://www.ttthedge.com
(2:54 PM) tomthetrader: Red will be in touch with you
(2:54 PM) tomthetrader: for now enjoy the great network of traders
(2:56 PM) PremR: on futures there is a buyer at 20.50 with over 5000 contracts...i think he is for real as he has taken contracts there and not moving
(2:56 PM) PremR: now that guy has moved up his bid to 21.5
(2:56 PM) ajayvee: keep QQQ puts overnite?
(2:56 PM) tomthetrader: yes
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(2:57 PM) hibuck2: we need Metalica "frantic"
(2:57 PM) tomthetrader: Market Extremely resilient again after a 10% correction
(2:58 PM) ajayvee: except UQQ RK have to close today
(2:58 PM) eman11: GS HOD
(2:58 PM) tomthetrader: Yes
(2:58 PM) tomthetrader: the brokers will close those for us
(2:58 PM) tomthetrader: or should but check with them
(2:59 PM) thomas_Poland: anybody wants to see update of chart ?
(2:59 PM) Harrod_t: yes
(2:59 PM) ajayvee: yes tp
(2:59 PM) thomas_Poland: pretty interesting from geometry point of view
(2:59 PM) thomas_Poland: http://www.fotosik.pl/pokaz_obrazek/9f992ccf343099f7.html
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(3:00 PM) Harrod_t: Thanks
(3:00 PM) thomas_Poland: no problem
(3:00 PM) tomthetrader: aapl back to green on a mysterious buy program aimed at tech
(3:01 PM) tomthetrader: GS buying anything down /
(3:01 PM) eman11: I just don't think the Gov't and PPT will let us have a big down day tomorrow
(3:01 PM) ajayvee: yes Q's climbing
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(3:02 PM) arak99: Buying seems to be strong into the last hour .. we may get a last hour push higher
(3:02 PM) arak99: between 3:30 amd 3:50PM
(3:02 PM) tomthetrader: they can step in but they can't do it forever ...lots of insider selling before earnings
(3:03 PM) tomthetrader: RUT still Red
(3:03 PM) thomas_Poland: that is very interesting Tom
(3:03 PM) arak99: might set the stage for peaking tomorrow for shorting
(3:03 PM) thomas_Poland: motherf....s made buybacks in this bull and just before earnings they sell????
(3:03 PM) thomas_Poland: nice for shareholder
(3:04 PM) arak99: vix permium is collapsing again for .VIXHF
(3:05 PM) thomas_Poland: I think we may have another buy at around 3:20 but I am trying to not trade last hour
(3:05 PM) thomas_Poland: better for me to turn off computer now
(3:06 PM) desertone: GS hoding
(3:11 PM) berniectx: the gs's and ms's have taken me behind the shed the last couple days hard to trade with the manipulators in action or maybe just dumb money me
(3:14 PM) ajayvee: boy if I was an actor I'd be scared - Fred Travalena dead at 66
(3:16 PM) arak99: buy at the lows .. use buybacks to drive it higher and then sell into the buybacks before earnings ... and you thought corporate america was lilly white
(3:20 PM) eman11: Red - QQQSK has not been added to the portfolio. It has ben a crazy day.
(3:20 PM) sttteve: neither has the 2nd lot of DXD but may not be room on site
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(3:22 PM) tomthetrader: lowest volume of the year - RUT ....we will have to see
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(3:23 PM) tomthetrader: Dow HOD
(3:23 PM) tomthetrader: wrong side of the trade
(3:24 PM) arak99: Tom, we may peak tomorrow by close
(3:26 PM) tomthetrader: hard to tell ..low volume ..no sellers ...no data ...nothing here but Dow buyers
(3:26 PM) tomthetrader: Oil
(3:26 PM) tomthetrader: 'Oil
(3:26 PM) tomthetrader: Oil
(3:26 PM) tomthetrader: w/0 oil flat day
(3:29 PM) tomthetrader: market stinks
(3:30 PM) tomthetrader: not one stock I would own right now ..1st time in 50 years ..I do not like a stock
(3:31 PM) tomthetrader: Cashin bearish and wrong
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(3:32 PM) tomthetrader: everyone that is bearish today is wrong unless you look at RUT and IWM ...which we featured on our pre game show
(3:32 PM) tomthetrader: as the 2 things to watch
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(3:32 PM) azags: Tom that is unamerican!
(3:33 PM) tomthetrader: Swiss
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(3:34 PM) tomthetrader: Neutral
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(3:35 PM) tomthetrader: 10,000 stocks out htere I sincerely would not buy one of them
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(3:36 PM) berniectx: seems out of character Tom
(3:36 PM) tomthetrader: look at that equity only put call ratio jump
(3:37 PM) tomthetrader: what a bunch of fools they are ?
(3:37 PM) hibuck2: could we collapse in last 20min
(3:37 PM) tomthetrader: keep buying calls on AAPL
(3:37 PM) tomthetrader: this is so much like 87 99 2002
(3:37 PM) tomthetrader: there is 0 value in any stock
(3:37 PM) tomthetrader: I see nothing to compel me to buy long
(3:38 PM) hibuck2: i was i n a apple store the other day i have not seen so many people buying since the late 70 s
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(3:39 PM) hibuck2: it was pack they had guards at the doors
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(3:40 PM) azags: same thing at apple stores in south Florida
(3:40 PM) Todd5566: I have seen the same thing at the Northpark Mall Dallas
(3:40 PM) tomthetrader: AAPL is for sale fellas ..would you buy the stock /
(3:40 PM) hibuck2: thats were all my ex girlfriends r Texas
(3:40 PM) tomthetrader: all my ex'sive in TX
(3:40 PM) thomas_Poland: they buy just above vwap
(3:41 PM) rjllanas: they are pack because of the all the sale they are making to break even they are not making profit they are just staying alive
(3:43 PM) hibuck2: I dont know by the prices on Macs didnt look like they were giving anything away
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(3:43 PM) tomthetrader: AAPL great innovation but overpriced in a depression ...was 50% cheaper 3 months ago
(3:44 PM) azags: I was just able to unload some of my qid that I bought earlier today for the second trip around at 31.93 with that last pop
(3:44 PM) hibuck2: Tom ru hldg DXD overnight ?
(3:44 PM) tomthetrader: yes
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(3:44 PM) Nick_H_SanDiego: Hi everyone. I took some time off from the market.
(3:44 PM) hibuck2: oky doky
(3:44 PM) tomthetrader: everythingis being held until stopped or dead
(3:45 PM) tomthetrader: Kass adding to shorts
(3:46 PM) tomthetrader: following my lead....copycats will follow
(3:46 PM) tomthetrader: market really does stink here guys
(3:46 PM) tomthetrader: poor poor action
(3:47 PM) hibuck2: NYSE A/D +813
(3:47 PM) hibuck2: $PCRCO 77
(3:47 PM) hibuck2: $TRIN.80 $TRIQE .53
(3:47 PM) tomthetrader: 13 minutes to go to 0
(3:48 PM) hibuck2: $TNX 34.92 3.49
(3:48 PM) tomthetrader: Naz going to unch --10
(3:48 PM) azags: I made a profit today with my qid trips. I will be able to buy stale bread
(3:48 PM) tomthetrader: very tired lathargic , unimpressive market this last hour
(3:49 PM) tomthetrader: Wish sandwich Zags
(3:49 PM) tomthetrader: 2 pieces of cheap bread and you wish something was in it /
(3:49 PM) tomthetrader: Bow Bow bow
(3:50 PM) azags: this last hour rescued me from the depths of pergatory
(3:50 PM) tomthetrader: Blues brothers for you youngen's
(3:50 PM) hibuck2: rrrrubber biscut!!
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(3:57 PM) tomthetrader: the ZUPI is -
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(3:57 PM) tomthetrader: meaning there are more stocks down than up
(3:57 PM) tomthetrader: a very bearish reading
(3:58 PM) Alert: New show debuting NOW America Works Radio in the Radio/TV Section
(3:58 PM) tomthetrader: Dow is giving off the sign it is BULL to lock in all the suckers
(3:58 PM) tomthetrader: real market is UNCH at best
(3:59 PM) hibuck2: ding ding ding
(4:00 PM) tomthetrader: 93.00 Dow points on - breadth
(4:00 PM) tomthetrader: One of the weakest performances I have seen in 34 years
(4:00 PM) hibuck2: NYSE A/D +762
(4:00 PM) tomthetrader: NAZ-
(4:00 PM) tomthetrader: RUT-
(4:00 PM) tomthetrader: ZUPI -
(4:00 PM) tomthetrader: sell signal
(4:01 PM) tomthetrader: much like 87 99 02
(4:01 PM) eman11: NAZ AD -301
(4:01 PM) tomthetrader: overall -112 a/d
(4:02 PM) tomthetrader: Semis -
(4:02 PM) tomthetrader: SMH down
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(4:02 PM) tomthetrader: Soxx down
(4:02 PM) tomthetrader: all semis down
(4:02 PM) tomthetrader: NQ futures end -
(4:02 PM) hibuck2: 1480.75 i got
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(4:03 PM) tomthetrader: NDX just a few up from open down from 10:00am
(4:03 PM) hibuck2: $SPX 927.22
(4:03 PM) eman11: Is your Stop Loss on GS Puts still at 4.97.
(4:04 PM) tomthetrader: 4.50 for now
(4:05 PM) eman11: Thanks GS showing amazing strength today. I think they planted the Rolling Stone article on purpose just to trap some shorts
(4:05 PM) tomthetrader:
(4:06 PM) tomthetrader: QQQQ will be unch at 6:00pm ...joke
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(4:09 PM) azags: I am still carrying naked ddm july calls and qld naked july calls, a bearish position. They were in the red today but were offset by my profits in qid today. I may convert them tocovered call positions tomorrow on a swoon
(4:10 PM) Todd5566: u have profit in QID today?
(4:10 PM) tomthetrader: IWM negative on the close
(4:11 PM) tomthetrader: I think Zags was the only person to make $ on QID
(4:11 PM) Todd5566: good play
(4:12 PM) Todd5566: have a good night guys
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(4:12 PM) tomthetrader: You too
(4:12 PM) azags: yes I bought 15000 qid on Friday and sold them today ay 32.30/32.31. I then bought 8000 back again in two sittings at 31.82 and got out with my life at 31.93
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(4:12 PM) azags: I bought them on friday at 32
(4:13 PM) tomthetrader: I have been stopped out with 2 large lasses in 3 weeks in QID ...which shows the tech effect
(4:13 PM) ajayvee: yes, QID has not been good to us lately
(4:14 PM) tomthetrader: TZA BGZ has been
(4:14 PM) arak99: short ES at 923.25
(4:14 PM) tomthetrader: but tech goes all at once
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(4:16 PM) azags: in order for me to profit today after buying qid at 31.82, I had to hold it through the drop to 31.36, but I didn't even know it because I was away from the computer and not low enough to be stopped out
(4:17 PM) tomthetrader: I should have loosened stops not tightened ...market is close to crashing
(4:17 PM) tomthetrader: I have never been this bearish On stocks EVER
(4:17 PM) ajayvee: will it crash before opex?
(4:17 PM) tomthetrader: I do not see any value but in commodities
(4:18 PM) azags: Where are your 14 indicators Tom?
(4:18 PM) tomthetrader: I hopw we get a crashette tomorrow
(4:18 PM) tomthetrader: 7 neutral 4 sell 3 almost sell
(4:19 PM) tomthetrader: But we ahve int and long term indicators showing a TOP of major proportions
(4:19 PM) tomthetrader: so earnings have to comethrough
(4:20 PM) tomthetrader: or we are in bad bad shape maybe a retest...and you know I am not one of the retest people
(4:20 PM) tomthetrader: But value is not here in this market
(4:20 PM) azags: I hope so because I may then switch to a long hedged position tomorrow which I had planned to do at the close today but held off
(4:20 PM) azags: I want a good burp tomorrow Tom
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(4:22 PM) arak99: Tomorrow may be another up day Tom .. not as much, but we could see them trying to bust through SPX 932 and fail there.
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(4:27 PM) tomthetrader: amzn
(4:27 PM) tomthetrader: dropping
(4:28 PM) tomthetrader: dto 70 handle
(4:29 PM) tomthetrader: China at new highs ...tonight a big night for Asia
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(4:29 PM) tomthetrader: big night for commodities
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(4:38 PM) tomthetrader: RIMM sick looking
(4:38 PM) tomthetrader: Hank Paulson to be called to hill
(4:38 PM) tomthetrader: Thursday
(4:38 PM) tomthetrader: July 15th
(4:38 PM) tomthetrader: DIG been on a roll
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(4:43 PM) tomthetrader: options expire tomorrow
(4:44 PM) tomthetrader: auto excercise for anything over 1 penny
(4:44 PM) tomthetrader: E-MINI S&P 500 Sep '09 16:33:39 EDT 921.75 0.50
(4:45 PM) tomthetrader: 907.25 at 1:00am to HOD
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