(11:10 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(11:10 AM) Alert: Hi , Welcome to TTT
(11:12 AM) les13436: What is the password for the TTT Blog?
redliontrader: un = traders09
redliontrader: pwd = fslrgild
redliontrader: nooooooo pwd = celgerts
redliontrader: sorry
(11:15 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(11:15 AM) Alert: Hi , Welcome to TTT
(11:16 AM) les13436: Thanks,
(11:16 AM) tomthetrader: USER : traders09 Password: celgerts
(11:17 AM) les13436: Red: It says incorrect PW
(11:18 AM) tomthetrader: we will get the correct one here
redliontrader: EVERYONE REFRESH THEIR PV.TTTHEDGE.COM PAGE NOW PLEASE
redliontrader: TOM CAN YOU DO A VOICE
redliontrader: THE PALTALK CAMEO HAS A BUG THAT MIGHT BE CAUSING US TO BOUNCE OUT OF PALTALK
(11:20 AM) thomas_Poland: I cannot login to the site
(11:20 AM) thomas_Poland:
redliontrader: after you have refreshed your screen check to make sure the paltalk cameo widget is gone from the page
(11:29 AM) energy2x: worked for me, thanks
(11:30 AM) tomthetrader: Yesterday was only the second time since 1993 that the S&P was up +2% or more but the BKX Index dropped by -0.5% or more. The other occurrence was March 4th of this year, after which we took a dip of nearly -5% in the S&P over the next two days before bottoming.
(11:31 AM) csu30: I stopped using PT Scene due to MalWare being downloaded to my PC; now I only use PT Express
(11:32 AM) tcb66: Tom - what are you expecting for a close today?
(11:32 AM) eman11: I paid the $40 bucks for paltalk plus about a month ago and I have had little problems.
(11:34 AM) DE_TTT: csu...what did you use to remove the malware?
(11:35 AM) csu30: My Trend Micro security system alerted me & removed it automatically
(11:35 AM) JR Roden: SPX slightly negative, time for all others to follow
(11:36 AM) eman11: With paltalk plus there is no internet banner ads, which is where I think the malware is coming from.
(11:36 AM) csu30: I got tired of the constant alerts and didn't want malware constantly being downloaded from PT
(11:37 AM) csu30: Yes, eman, I believe you are correct
(11:37 AM) tomthetrader: Thanks yes...best solution
(11:37 AM) eman11: I use trend micro as well works great.
redliontrader: paltalk thinks our current problem was that cameo paltalk widget I was testing on our website.. it makes it look like your trying to login in twice.. I have removed the widget, make sure you refresh your screens
(11:37 AM) csu30: I also got alerts from those ads trying to redirect me
(11:38 AM) tomthetrader: 1.10 stop on QQQRK
(11:39 AM) tomthetrader: DAVRL wasn't a bad position now 3.60
(11:39 AM) tomthetrader: stop 3.10
(11:40 AM) tomthetrader: For those whom want to take profits on QQQRK feel free
(11:40 AM) tcb66: Are you expecting the indices to selloff into the close?
(11:43 AM) tomthetrader: QQQRK pretty big gain if you want to take it
(11:43 AM) tomthetrader: all banks struggling the past 3 days
(11:46 AM) tomthetrader: NYA has led down most of the day
(11:55 AM) eman11: AD NYSE +232 NAZ +79
(12:01 PM) tomthetrader: The government knows there is the right conditions for a market "fall" so they are bringing up newsstories on the SEC and the uptick and short sale reform ...also are adjusting numbers for friday as government jobs are going to be up huge ...to temper data
redliontrader: NR7?
(12:18 PM) eman11: russell starting to weaken -s&p and dow to follow?
(12:26 PM) eman11: AD NAZ turned negative - 25
(12:26 PM) eman11: AD NYSE + 159
redliontrader: paltalk thinks our current problem was that cameo paltalk widget I was testing on our website.. it makes it look like your trying to login in twice.. I have removed the widget, make sure you refresh your screens
(12:27 PM) tomthetrader: Everyone OK ?
(12:28 PM) Freezinalberta: Down for last hour, any SDS trades? Or any other ETF buys?
(12:29 PM) tomthetrader: we will sell some SDS at break even to get us 100% short inttraders " no leverage"
(12:29 PM) ajayvee: did you say go for breakeven on the SDS trade?
(12:29 PM) ajayvee: Oh, I understand, oops
(12:30 PM) tomthetrader: 1.35 selling 100 contracts limit to sell 100 contracts at 1.35 QQQRK 12:30am
(12:30 PM) Freezinalberta: $us taking a kicking to $can Cannot make any money lately. $can up .08 last week alone
(12:32 PM) ajayvee: Naz A/D -155 Vol -1.5:1 and trending down
(12:33 PM) ajayvee: RUT A/D -90 Vol +1.2
(12:34 PM) ajayvee: NYSE A/D -10 Vol -1.4
(12:34 PM) tomthetrader: SDS 53.50 we will pare off a few hundred untits
(12:34 PM) tomthetrader: OOOPS not intitis units
(12:35 PM) tomthetrader: 300 sh sold 53.50
redliontrader: Sold 300 shares from Traders of SDS @ 53.30
redliontrader: Traders now 115% short
(12:54 PM) Freezinalberta: Tom are you anticipating a further investment in another short etf or market turn around to long?
(1:00 PM) ajayvee: 4 for 4 traders are selling on the close from cnbc fast money
(1:14 PM) JR Roden: Man this market is really trying to go down. Let's just let it go and take a nice 3-5% drop.
(1:22 PM) eman11: Lot of support at ES 941
(1:27 PM) ajayvee: shorting any on the run up?
(1:29 PM) eman11: I am enough short for now. waiting for ES to convincingly break below 941.
(1:31 PM) tcb66: Incredible strength in the Russell
(1:32 PM) eman11: TF hit new HOD
(1:35 PM) eman11: Could this be the last push, before the correction. Market looks tired here.
(1:36 PM) ajayvee: of course, we have been saying that for a while
(1:36 PM) eman11: LM is on fire. Unfortunately I sold it yesterday hoping to buy it back cheaper.
(1:38 PM) ajayvee: all indexes comfortably green now
(1:40 PM) ajayvee: picked up some TZA at 21.05
(1:43 PM) ajayvee: RUT A/D +523 Vol +1.9
(1:43 PM) ajayvee: NYSE A/D +600 Vol +1.1:1
(1:43 PM) ajayvee: Naz A/D +230 Vol +1.1:1
(1:51 PM) tomthetrader: Anyone out there ?
(1:51 PM) redTest: y
(1:51 PM) azags: y
(1:51 PM) ajayvee: you bet
(1:51 PM) hibuck2: me here
(1:52 PM) tomthetrader: All the technology is infiltrating our site and Paltalk /
(1:52 PM) azags: ok
(1:52 PM) ajayvee: yep
(1:52 PM) heath _71: y
(1:52 PM) eman11: y
(1:52 PM) tomthetrader: Paltalk blown up ?
(1:52 PM) JR Roden: y
(1:53 PM) redTest: stable now.. there should be no problems.. if so superIM me
(1:53 PM) hibuck2: since thet took my $39.00 have had no problems
(1:53 PM) tomthetrader: anyone out there ?
(1:53 PM) thomas_Poland: BKX -1.4% SOX -3.08%
(1:53 PM) tomthetrader: Thanks Thomas...great point
(1:53 PM) azags: I am contacting PPT to go home or to travel to the Middle East with Obama
(1:54 PM) tomthetrader: GOVERNMENT IS BUYING ES contracts with leftover TARP TALF andRalph !
(1:54 PM) tomthetrader: remember we only have a 14% chance of having a up day !
(1:55 PM) hibuck2: u mean that phony money made from old blue jeans
(1:55 PM) tomthetrader: Like when we had a 100% chance of a down day after memorial day ?
(1:57 PM) tomthetrader: OCT 30/35 VIX straddle a big BUY BUY BUY
(1:57 PM) tomthetrader: just like when we bought May 15.00 when VIX was 9 !
(1:58 PM) tomthetrader: went to 90 !
(2:01 PM) tomthetrader: Chysler drop in sales
(2:01 PM) tomthetrader: TALF auction results
(2:01 PM) tomthetrader: Round 4
(2:02 PM) redTest: need that russel to weaken...
(2:02 PM) redTest: russell
(2:02 PM) tomthetrader: BKX still struggling but if this is their correction while market goes sideways ?
(2:02 PM) tomthetrader: RUT is picking up steam
(2:02 PM) redTest: R2k was the weakest this AM, now the strongest
(2:03 PM) redTest: Still all a/d lines below 2:1
(2:06 PM) redTest: how are the sell signal coming?
(2:11 PM) tomthetrader: not even close now
(2:11 PM) tomthetrader: the selling got us neutral short term...market is self correcting
(2:11 PM) tomthetrader: acting like a BULL
(2:11 PM) tomthetrader: needs to close -
(2:12 PM) tomthetrader: and needs to show some weakness in the next few days
(2:12 PM) hibuck2: NYSE A/D +541
(2:12 PM) hibuck2: $PCRCO .83
(2:12 PM) hibuck2: $TNX 36.71
(2:13 PM) hibuck2: TRIN 1.61 TRIQE 1.08
(2:15 PM) tomthetrader: Thank you
(2:16 PM) tomthetrader: still have a shot ...bears have to toughen up if they want to take this down next 10 days ?
(2:19 PM) hibuck2: another high $TICK +1237
(2:20 PM) ajayvee: looking for a series of sell programs, one after the other
(2:21 PM) tomthetrader: SHORTS COH KSS
(2:22 PM) tomthetrader: looking to short outright in main fund or buy puts here
(2:24 PM) tomthetrader: we have seen more 1st's in the past year
(2:24 PM) tomthetrader: It is a NEW BREED and an "this time it's different" market ?
(2:25 PM) redTest: msft, erts and other gaming stocks having their big e3 conference over the next couple of days and yesterday.. random annoucments
(2:26 PM) tomthetrader: + 400 Naz a/d
(2:27 PM) tomthetrader: banks down 3 days in a row ?
(2:28 PM) hibuck2: Dow above 200 day mvg avg
(2:29 PM) hibuck2: NYSE A/D +793
(2:29 PM) redTest: picking up possible trend reversal here
(2:29 PM) redTest: I would short if Ihad any money left
(2:32 PM) redTest: - you dont' get as many emoticons in PTExpress
(2:35 PM) Alert: ====SECURITY BULLETIN!=======
Paltalk will never send emails with attachments! NEVER open any attachemnts unless you are absolutely sure they are free of viruses and trojans! DONT BE FOOLED by fake 'support' letters or surveys that claim to be from PalTalk! PalTalk will NEVER request personal informaion in an email unless YOU contact us with a problem with your account first. Always check the header of any email that claims it is coming from PalTalk.
(2:36 PM) basehittrader: hi
(2:36 PM) basehittrader: is this a trading chat or is it for only fund clients
(2:40 PM) tomthetrader: you can go to http://www.ttthedge.com
(2:40 PM) tomthetrader: it is a traders site
(2:40 PM) tomthetrader: and there are free trials if you are a serious investor /trader
(2:42 PM) eman11: Are stops still in place at 3.10 on DAVRL?
(2:43 PM) tomthetrader: They should be did they get hit ?
(2:43 PM) tomthetrader: HOD
(2:44 PM) tomthetrader: Buy programs
(2:44 PM) eman11: No they did not get hit - I was wondering if we should keep them on after your last audio update mentioning getting stopped out to early
(2:44 PM) tomthetrader: we should drop off all stops in here
(2:45 PM) tomthetrader: as the market tries to get stops
redliontrader: All stops off
(2:45 PM) tomthetrader: 2:45pm all stops taken off til 10:30 am tomorrow
(2:45 PM) tomthetrader: OK
(2:45 PM) tomthetrader: Thank you
(2:48 PM) redTest: need to breach 52.93 on SDS
(2:48 PM) tomthetrader: Like I said on those Q's puts this a.m. hard to turn down a HUGE profit as it usually won't come back !
(2:49 PM) redTest: D1 - whatcha watching?
(2:49 PM) tomthetrader: still should close under 944.00
(2:51 PM) tomthetrader: TRYING TO SHAKE OUT ANY REMAING BEARS
(2:51 PM) eman11: What is a NR7 day? Thanks
(2:51 PM) tomthetrader: I have some members who have been shorting for months they all decided TODAY to get long
(2:51 PM) tomthetrader: you decide !
(2:51 PM) redTest: clinging to my tree looking at the beehive full of honey
(2:51 PM) tomthetrader: Narrowest range in past 7 days
(2:52 PM) redTest: high/low difference smallest in last 7 day
(2:53 PM) eman11: Thanks
(2:54 PM) eman11: an NR7 Day usually signals a big move at the end of the day?
(2:54 PM) tomthetrader: or the next day
(2:54 PM) eman11: Thanks
(2:54 PM) Freezinalberta: Paltalk crashed again, what are the last instructions please. I am still holding shorts.
(2:55 PM) redTest: freeze all stops off
(2:55 PM) tomthetrader: whyen was the last time you have seen both FAZ a short 3x financial up 3% and TZA a long 3x RUT ETF both up huge ?
(2:55 PM) tomthetrader: we have only closed 300 sh of SDS right Red ?
(2:56 PM) tomthetrader: that is the only closed all day and ZF
redliontrader: correct 300 shares closed
redliontrader: about 8%
(2:56 PM) tomthetrader: ZF was closed early at open in IRA with a profit of ?
(2:56 PM) tomthetrader: SMART MONEY 3:00pm
redliontrader: All stops off..
redliontrader: Freeze - if you have pv.ttthedge.com open make sure you refresh the screen.. paltalk widget was causing paltalk to crash
(2:58 PM) tomthetrader: $99 says we close below 944.00 SPX
(2:59 PM) tomthetrader: any takers ...might as well make money on each other we can't be the US Government !
(2:59 PM) ajayvee: TZA is down, did you mean TNA? the bull 3x etf?
(2:59 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(2:59 PM) Alert: Hi , Welcome to TTT
(3:00 PM) tomthetrader: BUYING 100 more of the QQQRK at 1.13-1.15 3:00pm
(3:00 PM) tomthetrader: Yes TNA AJ
(3:00 PM) eman11: I wouldn't bet against you - that would ot be proper money management
(3:00 PM) tomthetrader: OK 200 contracts of QQQRK
(3:00 PM) tomthetrader: 2 fills
(3:00 PM) tomthetrader: one this a.m. one at 3:00pm
(3:01 PM) tomthetrader: 1.00 even stop on QQQRK
(3:02 PM) tomthetrader: 1.13 -1.15 fills
(3:02 PM) tomthetrader: 1.14 avg
(3:09 PM) desertone: Back again...
(3:09 PM) redTest: i have neg convergence on the ticks.. market making new highs, ticks making lower lows..top type behavior
(3:11 PM) Freezinalberta: FAZ up .09 for the day I own a little
redliontrader: money on shorts good job!
(3:18 PM) netherbow1: any reason for move in LM today ?
(3:18 PM) tomthetrader: Takeover play
(3:19 PM) tomthetrader: LM very much for sale
(3:19 PM) netherbow1: but o news of takeover ?
(3:20 PM) netherbow1: thxs TOM
(3:23 PM) redTest: so close need to break the 52.93 on sds
(3:29 PM) redTest: 5x we have tried to breakthought the 52.93 6x a charm?
(3:31 PM) redTest: yeah!
(3:31 PM) berniectx: have to run Godspeed with your wife Tom careful all
(3:31 PM) redTest: buy bernie..
(3:32 PM) JR Roden: PPT keeps stepping in to buy up every dip
(3:33 PM) hibuck2: NYSE A/D +622
(3:34 PM) ajayvee: volume not that big, less than 1.7Mil ES contracts
(3:41 PM) tomthetrader: every little dip ...every time
redliontrader: plenty of time left...
(3:42 PM) tomthetrader: UNBELIEVABLE STRENGTH
(3:44 PM) tomthetrader: Here they come
(3:44 PM) tomthetrader: with all the tools
(3:45 PM) tomthetrader: GS MS ...get to filter the big box and basket trades
(3:45 PM) tomthetrader: this is truly the opposite of a regulated market !
(3:47 PM) tomthetrader: startling strength in low volume like a back stop
(3:47 PM) tomthetrader: BACK STOP ...immediate implement of the uptick rule ...any sellers ...GS MS is instructed to BUY
(3:49 PM) tomthetrader: 1st time I have ever rwally felt on the upside the market was rigged ..I thought on the downside there was "forced; selling that was unnatural ..but this here today is a farce
(3:49 PM) tomthetrader: allstops off
(3:49 PM) tomthetrader: we can't take the chance of getting hit by a 200 point move here
(3:49 PM) tomthetrader: All stops off
(3:50 PM) ajayvee: we wait til it falls apart?
redliontrader: All stops are off
(3:50 PM) ajayvee: the market that is
(3:51 PM) Harrod_t: When do you think it will fall apart?
(3:51 PM) ajayvee: 52.93 again!
redliontrader: a big ole red candle would do good here
(3:52 PM) ajayvee: right now?
(3:56 PM) JR Roden: Should be an interesting last 5 min. Looks like the PPT is coming again.
redliontrader: ppt coming in with their green crayon
(3:59 PM) JR Roden: 944 has to hold for PPT
(4:00 PM) tomthetrader: C---Su----ers
(4:00 PM) tomthetrader: sorry ...they really have me going today
redliontrader: lol.. sometimes I hate that this is a "G" rated room
(4:00 PM) tomthetrader: cookies for supper ?
redliontrader: should have sold off..
redliontrader: no bears to cover into the close anymore
(4:01 PM) tomthetrader: I had fair value at 941.00
(4:01 PM) tomthetrader: it will open there tomorrow
(4:01 PM) tomthetrader: or be there in 30 minutes on ES
redliontrader: still selling...
(4:02 PM) tomthetrader: yes 941
(4:02 PM) ajayvee: lotsa selling in ES
(4:02 PM) tomthetrader: is the opening tomorrow on SPX cash
(4:02 PM) ajayvee: SPY red
redliontrader: I had some of my QQQQRKs up forsale at 1.23 now after 4 they won't go..
(4:02 PM) tomthetrader: market "Naturally "ends down 40-50 with no back stop
(4:02 PM) azags: Tom good luck tomorrow and temporily forget about TTT hedge fund
(4:02 PM) netherbow1: nite everyone , thxs TOM and everyone for posts
(4:03 PM) tomthetrader: Thank you all // Prisha wants me to stay busy
(4:03 PM) netherbow1: I second that comment
(4:03 PM) desertone: Good Night everyone ! Tnks Tom!
(4:03 PM) JR Roden: TTT - you and Prisha are definitely in our prayers tonight.
(4:03 PM) tomthetrader: but I will be with here for the next week
(4:03 PM) tomthetrader: Thank you all
(4:03 PM) netherbow1: the one from AZAGS I mean
(4:03 PM) tomthetrader: I am humbled by all of you guys
(4:03 PM) tomthetrader: you are AWESOME
(4:04 PM) ajayvee: hold her hand and tell her u love her...great medicine
(4:04 PM) DE_TTT: Tom...I have quote I think you may like.
(4:05 PM) DE_TTT: Life is not about waiting for the storms to pass...it's about learning to dance in the rain.
redliontrader: Tom, don't worry about us.. we are all big boys and girls.. take care of prisha and the boys
(4:05 PM) DE_TTT: You and Prisha hang in there!
redliontrader: And yourself!
(4:05 PM) energy2x: TOM
(4:05 PM) tomthetrader: Thank you all ....
redliontrader: if anyone has any questions about positions please email me redliontrader@gmail.com or call 617-997-0885 or superIM me
(4:07 PM) ajayvee: wrote that one down DE, thanks
redliontrader: if you are still having technical problems let me know.. as of now I think all paltalk issues have been resolved.. if different let me know
(4:08 PM) DE_TTT: yw
(4:13 PM) eman11: Did we get the red candle?
redliontrader: i have a green candle for the day, nr7
(4:14 PM) ajayvee: on evry timeframe but the daily
(4:16 PM) ajayvee: ES had a green candle on the close
redliontrader: Since the March 9th lift off.. we have only had 4 green candles in a row on the SPX 2x before both times the next day was a red candle.. the first time the red candle was only a .76% pull back, the second time was a 3.56% pullback
(4:24 PM) tomthetrader: E-MINI S&P 500 Jun '09 16:13:13 EDT 942.00 3.00 939.00 949.00 934.50
(4:26 PM) tomthetrader: FAZ 2x volume of QQQQ ?
(4:26 PM) tomthetrader: USO June Puts are a good value
(4:26 PM) tomthetrader: for speculators
redliontrader: zweig breadth buy of SPY on March 18th.. spy up 17.2%
(4:30 PM) tomthetrader: market falling apart as Q's go red ?
(4:30 PM) tomthetrader: Q's down .06
(4:31 PM) tomthetrader: may get to the lows by 6:30pm
(4:31 PM) tomthetrader: 36.11
redliontrader: zweig 4% to trigger buys of RRY in 2nd trade now up 71.27%
(4:32 PM) tomthetrader: really amazing ..just imagine if I would have trusted my work instead of my mind and heart /
redliontrader: we closed 2 trades today - 300 shares of SDS profit of $105 +.66%
(4:33 PM) tomthetrader: Marty has stayed 81% Long since march 1st
(4:33 PM) tomthetrader: he is now 77% long
redliontrader: 40K shares of ZF for $6400 profit up 5.76%
(4:34 PM) tomthetrader: we made 20X that earlier this year ! on ZF
redliontrader: what got zweig in on March 1st?
(4:34 PM) tomthetrader: SENTIMENT
(4:34 PM) tomthetrader: SENTIMENT
(4:34 PM) tomthetrader: SENTIMENT
redliontrader: that's what's killing us now!
(4:35 PM) tomthetrader: Yes
(4:35 PM) tomthetrader: which is why he is pulling back
(4:35 PM) tomthetrader: but we have come a country mile
(4:35 PM) tomthetrader: SDS 53.00 again
redliontrader: have my fingers in my ears..
redliontrader: es going to break 940 here
redliontrader: i feel like 9:30 - 4 has become ameature trading.. 4pm -> 9:30am is professional time they trap everyone during the day
(4:42 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(4:42 PM) Alert: Hi , Welcome to TTT
(4:43 PM) tomthetrader: ah trading has been another world apart
(4:44 PM) tomthetrader: sds bid ask high
(4:44 PM) tomthetrader: 53.28.....
(4:53 PM) ajayvee: are we still anticipating a correction, or do we look for a way out? seems like everyone is anticipating a correction.
(4:55 PM) tomthetrader: I think that was over last week now people are looking for 1000 from the traders I follow ?
(4:55 PM) tomthetrader: I am still Short and getting shorter unless we break 950.00
(4:55 PM) tomthetrader: which may not occur fo4r several months
(5:00 PM) Alert: Nationally syndicated radio talk show host Rusty Humphries who has a fatwah on his head joins us LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:29 PM) tomthetrader: we are looking at some data that showsus we may even be at the END of the rally in NQ
(5:29 PM) tomthetrader: NQ has had a run which should have halted today
(5:30 PM) Alert: What would YOU do if $338,000 fell off a Brinks truck in front of you? Tell us NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:30 PM) tomthetrader: QQQQ puts we will add on any strength to get to 500 contracts
(10:22 PM) Alert: ====SECURITY BULLETIN!=======
Please be wary of third party websites that ask you for your Paltalk password. If you access a website that does not end in 'paltalk.com' (for example, sites named paltalk.ru or paltalk.freenickname.com are not paltalk.com websites), you should never have to enter your Paltalk password. Paltalk cannot be responsible for 3rd party payments and any dispute must be between you and the person who paid for the account.
(6:08 AM) Alert: ====SECURITY BULLETIN!=======
Clicking on a link to any site that offers
-To give you a blue nickname for free,
-To give you the ability to be invisible or,
-To help you manipulate the Paltalk software,
violates Paltalk's Terms of Service AND/OR is a hacking site whose intention is to steal your nickname, password and/or credit card information.
Remember, if you want Paltalk software or you want to LOG-IN to Paltalk, be safe and go to www.paltalk.com
(6:45 AM) netherbow1: good morning
redliontrader: gm nether
redliontrader: sds trading at 53.33 which is near our b/e
(7:48 AM) netherbow1: nice vol on SDS too
redliontrader: running up for the adp report
(8:17 AM) heath _71: Red I presume Tom will not be here today. lets hope everything goes well for Prisha. BTW this is Steve-45 on different computer.
redliontrader: Adp numbers slightly worse then expected, revisions again pretty bad..
redliontrader: hi steve.. I'll add the dual identity to database
(8:18 AM) heath _71: good thanks. yes I may have to be on this computer often
redliontrader: tom will not be here today.. he just sent a email to everyone.. all is going well
(8:19 AM) azags: In my time following Tom I don't remember him being this short term bearish
(8:55 AM) billbTN: i'm short 5es from 944.50
redliontrader: 3% pull back number from the his for ES is 920.53
redliontrader: 920.90 for SPX
redliontrader: which on SPX would pretty much fill the gap from the Friday to Monday open
redliontrader: GM every1.. as you know Tom is not here today.. he did send out an email earlier.. All is good..
redliontrader: His strategy for today is posted in the traders corner on pv.ttthedge.com.
redliontrader: to sum up Take profits if SPX hits 900, stop out if SPX hits 900..
redliontrader: Trail SDS with 4% since we should all be in profit from the open
(9:22 AM) thefish102: red, how do I get 'invited" to the blog. Received an email, signed in w/ my gmail account, says I need an invitation from you
redliontrader: Look to DUG and DZZ for possible trades
(9:26 AM) DE_TTT: II Numbers...Bulls 42.5% (vs 40.9), Bears 25.3 (vs 28.4), Correction 32.2 (vs3 0.7)
(9:27 AM) Freezinalberta: GM RED
(9:28 AM) Freezinalberta: Take profits if SPX hits 900 and stop out when? (higher than now)?
(9:29 AM) Freezinalberta: OKI see should have read 960
redliontrader: 960spx stop out
redliontrader: I am watching this open right now
(9:35 AM) JR Roden: Not showing any strength yet to fill this gap.
redliontrader: waiting for that first real test in here sometime
(9:48 AM) eman11: LM is really holding up.
(9:52 AM) eman11: AD NYSE -1574
redliontrader: nice, picking up trend qualities here.
(9:54 AM) ajayvee: and some of those qualities are......?
redliontrader: going lower...
redliontrader: my market thrust indicator, I will put it on live charts
redliontrader: It is a patriotic line ordering red/white and blue
redliontrader: notice no crossing this morning.. each trend challenge has tested the white line but not crossed
redliontrader: i pulled back the indicator.. look at yesterday afternoon
(10:00 AM) ajayvee: yesterday showing a wishy-washy day going back and forth?
redliontrader: yes, it is basically another view of the A/D line and Up and Down voluem
redliontrader: volume
redliontrader: now I put up a look at monday's trend up day
redliontrader: very strong a/d u/d volume trend usually equals a trend day.. of course some very strong resistance or news can change the course
redliontrader: we are right in that gap area from Friday's close to Monday's open
redliontrader: I sold a little of my SDS here - fyi
(10:08 AM) eman11: Red - nice job on the site - I really like that you added which economic reports are being released today and at what time. - Thanks
redliontrader: yw.. eman.. they are links too so you click on them and go to the breifing.com site I use
redliontrader: thomas.. do you have any times for us today?
(10:15 AM) thomas_Poland: one is 10:20-10:25
(10:15 AM) thomas_Poland: which is now
(10:16 AM) thomas_Poland: I mean 5 min bars
redliontrader: u think if we beak through this support here we fill the Monday gap?
(10:20 AM) thomas_Poland: normalyes
(10:20 AM) thomas_Poland: normally yest
(10:20 AM) thomas_Poland: jesus
(10:20 AM) thomas_Poland: can't write
(10:20 AM) thomas_Poland:
(10:20 AM) thomas_Poland: there are very good odds we will see today or tomorrow a price above yeseterdays lows
(10:20 AM) thomas_Poland: so for now selloff should be not so hard
(10:20 AM) thomas_Poland: but ... it looks weak now
(10:21 AM) thomas_Poland: and I am bearish for today
(10:21 AM) thomas_Poland: wanted to short but hate to chase it
redliontrader: i would think support here is going to be hard to break
(10:24 AM) eman11: Market at lows if selling picks up we could see that 900 spx level by tomorrow
redliontrader: but a/d line is very weak
(10:24 AM) ajayvee: and getting weaker
(10:28 AM) thomas_Poland: Did you see how we opened below 200 sma on 5 min chart today?
(10:29 AM) thomas_Poland: Like I said earlier they very often take important averages on gaps
redliontrader: y
(10:32 AM) eman11: Any ideas on a good entry point for LM. I was looking at 21.50 (200-day avg.), but I don't know if it will get there - Thanks
(10:33 AM) Alert: Fed Chair Ben Bernake's congressional testimony LIVE on News Talk Online in the Radio/TV Section NOW [Free Video]
redliontrader: DUG was a good call this am by TOM.. the 10:30 numbers must have been bearish
redliontrader: my tick indicator shows weak ticks but strengthing.. possible trend reversal
(10:38 AM) thomas_Poland: ok for now 10:30 stopped the move
(10:38 AM) thomas_Poland: I would like to go short but I need just a little bounce
redliontrader: i am suprised we didn't get one there,, mabye this 2x attempt to go lower will bounce
(10:42 AM) ajayvee: here's the bounce
(10:42 AM) thomas_Poland: yes
(10:42 AM) thomas_Poland: and now only confirmation we go lower
(10:49 AM) hibuck2: NYSE A/D -1733
(10:49 AM) hibuck2: $TNX 35.88
(10:49 AM) hibuck2: $TRIN 2.11 $TRIQE .79
redliontrader: i added a short scalp on QLD here
redliontrader: 37.90
(10:57 AM) hibuck2: $PCRCO 1.04
(10:58 AM) heath _71: just curious red why short QLD instead of Long QID?
(10:58 AM) eman11: S&P down abou 2% from highs.
(10:58 AM) Alert: Fed Chair Ben Bernanke's congressional testimony LIVE on News Talk Online in the Radio/TV Section NOW [Free Video]
redliontrader: I should have shorted SSO... QQQQ's are getting stronger
(11:00 AM) tcb66: Aruj - Nice call on your short trade the other day. Any levels you are watching today?
(11:01 AM) JR Roden: Dia only bounced to 13 EMA on 5 min chart so far.
(11:02 AM) Freezinalberta: SDS down 1% from HOD
(11:03 AM) ajayvee: red, the Market Thrust chart is running off to the right
redliontrader: heath_71.. my autotrader only knows how to trade long funds since it takes shorts and longs based off the ticks.. if that makes sense.. plus I only have 1 chart to look at and draw on
redliontrader: it should scroll now, but it will run off the bottom.. hopefully
(11:04 AM) heath _71: ty
(11:06 AM) ajayvee: what were the stops we were to put in at 10:30
redliontrader: trail 4%
(11:08 AM) ajayvee: thnx
(11:10 AM) hibuck2: NYSE A/D -1640
(11:14 AM) ajayvee: Naz A/D -957 Vol -1.8:1
(11:15 AM) ajayvee: RUT A/D -909 Vol -1.6:1
(11:16 AM) ajayvee: NYSE A/D Vol -7:1
redliontrader: aj.. why are your a/d for nyse and rut so far apart? they are pretty close on my charts..
(11:19 AM) ajayvee: closer than 40?
redliontrader: soyre a/d was volume
redliontrader: sorry
(11:20 AM) ajayvee: anything that gets me to look harder at the charts is nothing to apologize for
(11:21 AM) arujunaa: tcb: watching tyu, we are in the middle of a st consolidation. 115 to 117 on tym9. currently 116. i expect to see further consolidation into payrolls on friday.
redliontrader: that last run puts some doubt in our trend day.. watch out here
(11:26 AM) JR Roden: Volume is still pretty small on this bounce.
(11:30 AM) hibuck2: NYSE A/D -1555
(11:49 AM) DE_TTT: European Markets Closing Prices: FTSE: 4387.9 -89.2 -2.0%, DAX: 5059.4 -84.6 -1.7%, CAC: 3309.7 -68.4 -2.0%
(11:57 AM) tcb66: Aruj - Are you looking for a move higher out of this range? It looks like a nice enty point on the weekly chart but concerned about 10 and 30 yr auctions/supply next week.
(11:58 AM) eman11: I hope PPT doesn't come to work early today
(12:00 PM) ajayvee: they may be busy massaging the Friday employment numbers
(12:01 PM) eman11: We have definitely hit a turning point in the market - the market will now actually go down on bad news.
(12:02 PM) arujunaa: i think we are seeing short covering, deal pricings, oversold conditions being worked off. some technicians are turning bullish citing seasonals etc. i want to be disciplined here, especially with supply coming, so i will stick to 115 to 117 for now.
(12:02 PM) arujunaa: if we get to 113.50/114.50 on tyu, that is where i would really get aggressive for a long play. not really at these levels. in fact, i am more bearish at current levels
(12:02 PM) arujunaa: but we could go a little higher today because of deal pricings
(12:06 PM) eman11: Check your e-mails Tom just sent an update.
(12:10 PM) tcb66: Aruj - Isn't there some scheduled QE/Fed buying today and tomorrow? I think I heard Santelli say that last week but I can't find any more info on it.
(12:11 PM) arujunaa: it already happened at 11am est
(12:16 PM) tcb66: Gold getting hit
(12:17 PM) tcb66: Tomorrow at 11 gain?
(12:17 PM) tcb66: gain=again
(12:25 PM) DE_TTT: From Tom..."I think we're going to be ok"...great news!
redliontrader: back from lunch.. just read tom's email.. He closed 100 QQQRK@1.35 and sold 300 SDS @54.75
(12:28 PM) arujunaa: yes tcb. but it is in the front end. i think bonds will rally more today and then get sticky into nfp on friday. but i will not get long for it
(12:38 PM) tcb66: Aruj - Do you know of an online source for those scheduled purchases?
(12:45 PM) arujunaa: check the federal reserve website. i'm sure it's on there
(12:46 PM) arujunaa: www.federalreserve.gov
redliontrader: FYI - my next sell price to lighten just a small number of shares for SDS is 55.25 area - that is the monday gap close price
(12:54 PM) tcb66: thx Aruj....appreciate the insights
(12:55 PM) arujunaa: no problem
redliontrader: good stuff.. aruj.. one of these days I will jump in
redliontrader: Thomas did you go short?
redliontrader: how does this work.. yesterday I felt I had too many short positions and today I feel like I don't have enough
(12:59 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(12:59 PM) Alert: Hi , Welcome to TTT
redliontrader: SDS at new lows, the QQQQ
redliontrader: s
redliontrader: are sitting on their lows, need them to follow here
(1:01 PM) thomas_Poland: yes
(1:01 PM) thomas_Poland: short here
(1:01 PM) thomas_Poland: watch 1:30-1:35 for possible long
(1:02 PM) thomas_Poland: I am trailing my stop down
redliontrader: I just covered my 37.90 qld short at 37.57 +.33
redliontrader: vix back up over 30 31.08 trin 2.34
redliontrader: this is when tom would play his music.. we miss you tom if you are able to read this...
(1:14 PM) eman11: Tom just sent another e-mail - Selling 50 DIA puts (leaving 50 left) and selling another 300 shares of SDS at 55
redliontrader: thanks eman-
redliontrader: Sell 300 more shares of SDS @ 55
(1:16 PM) thomas_Poland: ok 1:30 very close so my stop breakeven
redliontrader: Sell 1/2 of DAVRL.X puts
(1:16 PM) thomas_Poland: will not give them a chance to make a loss for me
redliontrader: Sell IRA holdings and go to cash
redliontrader: Trails stops 2% in main
(1:17 PM) hibuck2: NYSE A/D -1835
(1:17 PM) hibuck2: $PCRCO .96
(1:18 PM) hibuck2: $TRIN 2.95 $TRIQE .80
(1:18 PM) hibuck2: $TNX35.42
(1:19 PM) hibuck2: looks like double bottom on QLD
(1:19 PM) hibuck2: on interday charts
redliontrader: yes,, qqqq don't want to break..
redliontrader: i am pretty sure they will
(1:22 PM) thomas_Poland: ok out
(1:22 PM) thomas_Poland: maybe chance for long ?
redliontrader: everyone understand what we are doing with the portfoilios?
(1:27 PM) Freezinalberta: review please
redliontrader: Lighten the load in Traders, sell 1/2 of DAVRL
redliontrader: another load of SDS around 55.00 (for Traders 300 shares)
redliontrader: IRA has now gone to all cash IRA 100% cash
(1:29 PM) Freezinalberta: thanks
redliontrader: Positions in MAIN are now trailing 2% stops
(1:30 PM) thomas_Poland: 1:30 . higher volume bar
(1:30 PM) thomas_Poland: magic
(1:30 PM) thomas_Poland: question is .. will they bounce here or accelerate down?
redliontrader: nice drop in oil CLl down 5%
redliontrader: CL not CLI
(1:37 PM) eman11: Tom sent out another e-mail selling 2100 SDS and the rest of the DIA puts.
redliontrader: Thanks E
(1:38 PM) eman11: I think that would put TRADERS in all cash correct?
redliontrader: Selling 2100 more SDS in Traders
(1:39 PM) thomas_Poland: ok .. if we bounce I will short again about 2:45-3:00 TIME
redliontrader: I have 800 shares left in traders according to my calculations
redliontrader: ok.. i think I have the portfolios correct ..
redliontrader: 20% Short Traders via SDS
redliontrader: 15% short in main with QQQQ puts and SDS
redliontrader: IRA 100% Cash
redliontrader: qqqq caved
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(2:17 PM) hibuck2: NYSE A/D -1883
(2:17 PM) hibuck2: $PCRCO .95
(2:17 PM) hibuck2: $NYSE 2.99 $TRIQE .83
(2:22 PM) hibuck2: apprx 2% sell off could that be it
redliontrader: i show volume falling off all day
redliontrader: 920 today?
(2:35 PM) ajayvee: Naz A/D -1105 Vol -2.1:1
(2:35 PM) ajayvee: RUT A/D -1060 Vol -1.9:1
(2:36 PM) ajayvee: NYSE A/D -1800 Vol -10:1
redliontrader: these revisions on the eco numbers are unbelieveable factor orders revised from -.9% to -1.9%
redliontrader: anybody see the next move.. we are right up against that 55.25 level on sds
redliontrader: after 55.25 on SDS i have 55.80 then escaltor to 57ish
(2:50 PM) ajayvee: so TP, going short?
(2:53 PM) heath _71: just read that in email
redliontrader: Tom calls to go to cash...
redliontrader: i wonder is that is just traders?
redliontrader: I have two emails from tom without any info.. can someone confirm they are indeed blank?
redliontrader: I am taking all portfolios to cash..
(3:03 PM) hibuck2: I got two allso go to cash @ 2.45pm
(3:07 PM) hibuck2: he allso said send it all to me!!
redliontrader: on its way
(3:07 PM) hibuck2: thankyou you da man!!
(3:16 PM) ajayvee: so why all cash? Is this it for the pullback? Or just profit taking?
redliontrader: I am not sure what Tom sees but I suspect that it is that this might be the end of the pullback, this selling was very controlled all day long and/or we will mostly like bounce here and get another opportunity to re-enter.. but he needs to speak for himself.. I had no problem pocketing the cash
(3:21 PM) thomas_Poland: sorry ajay .. did not go short
(3:21 PM) thomas_Poland: wanted
(3:21 PM) thomas_Poland: and still want but didn't yet
(3:21 PM) thomas_Poland: I have possible 3:30 long trade so not much time left and maybe I will not trade again today
redliontrader: your 3:30 long just stopped me out of my 3:15 short TP!
redliontrader: +.02
(3:34 PM) hibuck2: NYSE A/D -1817
(3:35 PM) hibuck2: $PCRCO .93
(3:35 PM) hibuck2: $TRIN 3.32 $TRIQE .97
(3:35 PM) hibuck2: $TNX 35.51
(3:35 PM) JR Roden: PPT trying to hold this market up, but it still wants to drop further to at least 920 or 900.
redliontrader: This is where I miss tom the most.. he is soooooooooo good at reading the close.. I would think with this a/d we should sell off into the close?
(3:36 PM) thomas_Poland: damn .. this would be good trade
(3:36 PM) thomas_Poland: at 3:00
(3:36 PM) thomas_Poland: but I am almost 'sure' we will visit 937.75 tomorrow
redliontrader: visit what
(3:38 PM) hibuck2: MCD keeps mvg up 60.72
(3:38 PM) DE_TTT: Cramer called it again, yes? As in contra-indicator...
(3:40 PM) hibuck2: i like JNJ on a pull back has double top on a daily
(3:40 PM) JR Roden: McD making a fortune off their new McCafe's.
redliontrader: TP.. looks like your visit is now.. you have visitors..
redliontrader: short qld 37.70
redliontrader: stop for me 37.80
redliontrader: hit 37.80, didn't take mine..
(3:47 PM) Freezinalberta: Red, why short QLD when you could buy QID
(3:48 PM) hibuck2: Freeze QLD r long
redliontrader: i know.. i am going to stop doing that... it is because my auto trader that I use is programmed to go long and short on long only funds
redliontrader: now i am stopped out
(3:49 PM) Freezinalberta: ok thanks whatever works to make$
(3:49 PM) ajayvee: any positioning for tomorrow?
(3:49 PM) thomas_Poland: 937.25 tomorrow will be hit
redliontrader: i was 4 for 4 today in scalps
(3:50 PM) thomas_Poland: but it is 'only' 10 points
(3:50 PM) thomas_Poland:
redliontrader: until that last one..
(3:50 PM) ajayvee: short at 937?
(3:50 PM) Freezinalberta: excellent, you will have to educate us to do same
(3:50 PM) thomas_Poland: no
redliontrader: you have an recommendation AJ?
redliontrader: an = any
(3:51 PM) thomas_Poland: the low came today a little later 3;40 .. i wrote 3:30 possible long
(3:51 PM) thomas_Poland: that was the reason for me not shorting
(3:52 PM) thomas_Poland: my stop for long is breakeven
(3:52 PM) thomas_Poland: I love risk free trades
(3:52 PM) thomas_Poland: only my broker is happy
redliontrader: look at this rally into the close tom is a genius to get us out
(3:52 PM) ajayvee: our correction is over?
(3:54 PM) thomas_Poland: now vwap is keeping this market from going higher
redliontrader: do you draw the vwap on your chart tp?
(3:58 PM) ajayvee: what do you have as vwap?
(4:00 PM) ajayvee: wow, lotsa buying in the S&P pit!
(4:01 PM) thomas_Poland: really??
(4:01 PM) thomas_Poland:
(4:03 PM) ajayvee: yeah, I think one buyer for 1200 ES contracts is pretty big!
(4:03 PM) ajayvee: was that you thomas?
(4:04 PM) netherbow1: nite everyone - thxs for posts
redliontrader: PPT?
redliontrader: goodnight nether.. hope you made money today
(4:05 PM) desertone: gn everyone
redliontrader: gn d1
(4:06 PM) thomas_Poland: yes ajay .. but I bought 2000 and not ES but spoos
redliontrader: did you ever notice how the initials for thomas's nick backwards are the last two letters of PPT?
redliontrader: coincidence?
(4:10 PM) ajayvee: wow! good luck
