(8:52 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:52 AM) Alert: Hi , Welcome to TTT
(8:52 AM) tomthetrader: keep buying ES short 955-960 until Bulls canbreak it out
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redliontrader: gm all
(8:53 AM) arak99: thanks
(8:53 AM) rjllanas: gm
(8:53 AM) tomthetrader: Bulls have ALOT to prove here ..if they can close above 960 next stop 1050
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(8:53 AM) tomthetrader: Hi RED
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(8:59 AM) hibuck2: Tom Legg Mason Bill Miller "worst is over"
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(9:03 AM) bitterwind4: job #s just not grt and most of small improvement was due to people running out and dropping off. Things worst ever in CA I do care what they say...is BS FWIW.
(9:09 AM) tomthetrader: Yes ...Bill has come to the same conclusion all the major indicators have signalled a new bull market ..it is just how you enter and in what
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(9:10 AM) tomthetrader: Jobs will be the last to come ....windfalls in stocks 1st
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(9:12 AM) bitterwind4: trying to get head on straight and trade this. entry is everything.
(9:12 AM) tomthetrader: yes
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(9:13 AM) tomthetrader: you have to get long sometime but when ....if you can stand the drawdown you can buy and hold all your money in BGU and check back in 12 months as it will 3x
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(9:13 AM) tomthetrader: or you can find entries on good sectors and stocks and make 20x
(9:14 AM) bitterwind4: QID a little strength..wonder if the week will give it up a little. this week. yep got to get on the right side of the fence.
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(9:15 AM) tomthetrader: SY talk about a perfect cup and handle formation
redliontrader: will this nut crack today? - we are overbought on the broadbased indicies NYSE only, the All stocks zweig intresting enough never went overbought and did not match or exceed the thrust from March. The sisters, the SP500, DJIA, NAZ100 are still in overbought territory and have been there for 6days now! During the runup from march, these indices never stayed in overbought for longer than two days... i will try and post a picture on the website..
(9:15 AM) Alert: Message was not sent. The message was too long or contained non printable characters.
redliontrader: will this nut crack today?
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(9:17 AM) rjllanas: what we eyeing today
(9:17 AM) tomthetrader: 960 SPX
(9:17 AM) tomthetrader: IWM
redliontrader: Currently the ZB is overbought on the NYSE and the sisters NAZ100, DJIA and SP500
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redliontrader: My "ALL STOCKS" ZB never reached overbought and did not reach the high of the march liftoff
redliontrader: the sisters are all overbought and have been there for 6 days now! They have never been overbought for longer than 2 days during the runup from march, or anytime during the last 2 years..
(9:20 AM) tomthetrader: so you would think we would get a swift 1-5 % correction then another rally
(9:20 AM) tomthetrader: the rally off the first correction is usually a great trade
redliontrader: if there is to be some type of mean reversion on these indicators..
(9:21 AM) tomthetrader: I agree ...odds would have us comeback to 935 spx and then relaunch to 1000
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(9:22 AM) tomthetrader: which would be a great setup to get overbought again
(9:22 AM) bitterwind4: this mkt is fight seasonality so far
(9:23 AM) tomthetrader: yes no help from seasonality
(9:23 AM) hibuck2: gm
(9:23 AM) hibuck2: breaking up
(9:23 AM) azags: no good
(9:23 AM) rjllanas: same here too
(9:24 AM) bitterwind4: bk here too
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(9:24 AM) PremR: someone mentioned ISRG yesterday...it is up 17% premarket on earnings
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(9:24 AM) hibuck2: mission control we have a problem
(9:24 AM) ajayvee: there you go
(9:24 AM) derr11: good
(9:24 AM) rjllanas: yes
(9:24 AM) bitterwind4: vg
(9:24 AM) hibuck2: yes
(9:24 AM) eman11: y
(9:24 AM) PremR: yes
(9:25 AM) arak99: all clear apollo 13
(9:25 AM) azags: perfect we are landing on the moon
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(9:25 AM) arak99: Nikkei, Hang Seng, India all up
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(9:26 AM) arak99: FTSE & DAX slightly -ve
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(9:29 AM) hibuck2: CCMP blew away the numbers 86.4 mill rev net 9.01 per shr .39
(9:29 AM) arak99: if that is the case then stock peak should be made today and we should go down from here ... 30 yr bonds auction around 8/12
(9:30 AM) arak99: everytime we were around bind acutions time, mkt seems to go down
(9:30 AM) arak99: bond
(9:31 AM) hibuck2: BRCD another new HOY
(9:31 AM) tomthetrader: Thank you
(9:31 AM) tomthetrader: BRCD we all could move to ZAG's island paradise
(9:31 AM) tomthetrader: If we had bought
(9:32 AM) hibuck2: looking for 20.00 ha
(9:32 AM) tomthetrader: really De's chips have been through an ulcer but back on top again as all good bulls do
(9:32 AM) hibuck2: still plenty of room
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(9:39 AM) tomthetrader: we have been stopped on many positions
redliontrader: I will update.. hang on..
(9:40 AM) nimesh_: again, they are pumping tech
(9:40 AM) tomthetrader: Thank you ...take your time
(9:40 AM) tomthetrader: selling NQ and all shorts and heading to cash for now
redliontrader: TSM we had a stop at 10.50 not hit yet
(9:41 AM) tomthetrader: again selling almost all shorts and heading to cash
(9:41 AM) tomthetrader: OK great
(9:41 AM) tomthetrader: Thank you
(9:41 AM) tomthetrader: Great job
redliontrader: fxp stop at 10.25.. hit this am
(9:41 AM) arak99: Tom, out of all futures shorts as well?
(9:42 AM) tomthetrader: thanks RED ...hopefully everyone is OK and heading to cash
(9:42 AM) tomthetrader: Yes
(9:42 AM) tomthetrader: Cash as much as possible
(9:42 AM) tomthetrader: waiting for a long setup
redliontrader: edz stop is 10.44 not hit yet currently 10.55
(9:43 AM) tomthetrader: Thank you Red
(9:44 AM) tomthetrader: market refuses to go down and we certainly cannot stop it
(9:44 AM) tomthetrader: oil mdown
(9:44 AM) tomthetrader: oil down
(9:44 AM) tomthetrader: s and p under 960.00
(9:44 AM) Fulkdaddy: Kass is adding short SPY at 95.90
(9:45 AM) tomthetrader: so we will have to cut our losses and look for a buying opp ...if we see weakness we will jump on it in traders
(9:45 AM) tomthetrader: Kass has the heaviest short book since FEB
(9:45 AM) tomthetrader: Doug thinks we go to 914
(9:46 AM) tomthetrader: He is underwater on a ton of stock shorts esp homebuilders
redliontrader: Traders: 100% Cash, Main 30% short (TSM, EDZ) 20% long (WFC,DAG), IRA 20% Long (GILD,DBA)
(9:48 AM) tomthetrader: Thank you RED ...very good work
(9:49 AM) tomthetrader: Thanks for all your hard work
(9:49 AM) tomthetrader: again we need to find a better set up and until we see weakness or a breakout CASH is the king
redliontrader: Looking for weakness in NYSE as a tell for a top, strength in R2000 as a tell of going higher..
(9:50 AM) tomthetrader: agree 100% ...we can't fight this now ....
(9:50 AM) bitterwind4: am not familiar with KASS....is he right more than not.??
(9:50 AM) tomthetrader: we need to scalp weakness and go long strength
(9:50 AM) tomthetrader: Doug Kass called the March GENERATIONAL LOWS
(9:50 AM) tomthetrader: has a good reputation
(9:51 AM) bitterwind4: ok tks T
(9:51 AM) tomthetrader: I think he is fighting the tape like we were
(9:51 AM) bitterwind4: did buy QID .13 stop brk of 28
(9:52 AM) tcb66: Aruj - Are you looking to get long bonds on this selloff?
(9:52 AM) bitterwind4: held 28 yest
(9:52 AM) bitterwind4: RUT going to test yest highs
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(9:56 AM) tomthetrader: DB COMMODITY DL ETN(NYSEArca: DYY)
Real-Time: 6.81 0.06 (0.89%) 9:40AM EThelp
(9:56 AM) tomthetrader: we will BUY DYY at 6.80- 6.81 10% position in IRA
(9:57 AM) tomthetrader: break out of 960
(9:58 AM) tomthetrader: ZWEIG FUND INC(NYSE: ZF)
Real-Time: 2.87 0.03 (1.05%) 9:54am EThelp
(9:58 AM) tomthetrader: Adding 10% ZF to IRA
(10:01 AM) tomthetrader: 9000 Dow in reach
redliontrader: looking like a trend-day
(10:02 AM) hibuck2: on $COMS we closed the window back from 10/03/08 -10/06/08
(10:02 AM) tomthetrader: yes
(10:03 AM) tomthetrader: KOL and COW
(10:03 AM) tomthetrader: we will add to IRA
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(10:04 AM) tomthetrader: Last Trade: 25.45
Trade Time: 9:48am ET
Change: 0.45 (1.80%)
Prev Close: 25.00
Open: 25.30
Bid: 25.45 x 100
Ask: 25.50 x 2000
NAV¹: 25.03
Day's Range: 25.24 - 25.49
52wk Range: 9.43 - 51.60
Volume: 29,086
Avg Vol (3m): 460,211
YTD Return (Mkt)²: 55.34%
Net Assets²: 268.98M
P/E (ttm)²: 11.59
Yield (ttm)²: 0.39%
(10:05 AM) tomthetrader: Last Trade: 28.92
Trade Time: 9:50AM ET COW 10%
(10:05 AM) tomthetrader: KOL 10%
(10:08 AM) tomthetrader: Main Fund BUY BPT 10 % B P PRUDHOE BAY UTS(NYSE: BPT) 68.18
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(10:11 AM) Pete45: GM
(10:11 AM) tomthetrader: Hi Pete
(10:11 AM) Pete45: did we hit $967 yet? Just turned my PC
(10:11 AM) tomthetrader: Can you fix my computer virus /
(10:12 AM) tomthetrader: right on 967 cash
(10:12 AM) arak99: what kind of virus?
(10:12 AM) Pete45: virus?
(10:13 AM) arak99: do you have a spare puter?
(10:14 AM) arak99: the best way to do it is to mount the virus infected hard drive into a USB enclosure and attach it to the spare computer and run the virus cleaner
(10:14 AM) tomthetrader: trojan downloader Win32
(10:15 AM) arak99: http://www.youtube.com/watch?v=fGH7NxSEGtA removal instruction
(10:15 AM) tomthetrader: Thank you ARAK
(10:15 AM) Pete45: Does it pop up window's firewall message at the task bar
(10:16 AM) tomthetrader: No it actually has the audio playing commercials
(10:16 AM) tomthetrader: and it comes up every time you try to download anything
(10:17 AM) arak99: TRIN is high ... no buyers at this level eh?
(10:18 AM) tomthetrader: might exhaust i.e. DeMark studies
(10:19 AM) hibuck2: 9000.00 DJI
(10:19 AM) arak99: TRIN > 2
(10:20 AM) ajayvee: time to crash?
(10:20 AM) tomthetrader: Huge Bull
(10:21 AM) ajayvee: Naz A/D +1150 Vol +3.4:1
(10:21 AM) ajayvee: NYSE A/D +1908 Vol +5.8:1
(10:21 AM) ajayvee: RUT A/D +1220 Vol +2.7:1
(10:21 AM) nimesh_: look at dollar spike down
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redliontrader: attemping a short scalp from here..
redliontrader: dxd at 41.81 (can't help myself)...
(10:24 AM) tomthetrader: Good luck Red ...I have no nerve...p.s. you got tyhe entry on ZF off .10
(10:24 AM) arujunaa: bond update: i bought 25% long tyu at 116.59 for a trade.
redliontrader: do you have an entry for KOL
(10:25 AM) ajayvee: I'm not doing nothing, still licking my wounds from the last 2 weeks
(10:25 AM) don_2007_: does anyone have a symbol for the dollar index?
(10:25 AM) tomthetrader: 25.45 KOL filled
redliontrader: tu
(10:25 AM) arak99: I'm with red on this one .. $TRIN over 2.0
(10:26 AM) arak99: either TRIN's got to come back down or the mkt
(10:26 AM) tomthetrader: tomthetrader: KOL and COW
tomthetrader: we will add to IRA
tomthetrader: Last Trade: 25.45
Trade Time: 9:48am ET
(10:28 AM) tomthetrader: 9000 Dow a key psych level
redliontrader: stopped out b/e on the dxd..btw
(10:32 AM) nimesh_: tom, did the sell get invalidated?
(10:33 AM) tomthetrader: thanks Red a BUY signal in ISEE put call ratio as no one believes the rally very BULLISH
(10:33 AM) arak99: VIX up over yesterday
(10:34 AM) arak99: futures is leading the mkt
(10:35 AM) arak99: $PREM drops to 1.5 at times
(10:35 AM) tomthetrader: SM
(10:36 AM) tomthetrader: MEE
(10:36 AM) tomthetrader: NUE
(10:36 AM) tomthetrader: all are ready to run higher
(10:37 AM) hibuck2: TICK +1120
(10:37 AM) tomthetrader: amazing markets and amazing Bull run ....just like 81
(10:38 AM) tomthetrader: we did pull back and launch again in 83
(10:39 AM) bitterwind4: will buy EDZ when it gets to 2.50
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(10:42 AM) dhmohan1963: should we look at EDC
(10:42 AM) tomthetrader: I think the best thing to do is buy AG and OIL
(10:43 AM) tomthetrader: and stay in HIGH yield
(10:43 AM) dhmohan1963: what do you think of natural gas been beaten down too
(10:43 AM) tomthetrader: That is exactly what I am doing
(10:43 AM) tomthetrader: Good
(10:43 AM) tomthetrader: you can take a position In NG
(10:43 AM) tomthetrader: UNG
(10:43 AM) rjllanas: red still going to play dxd
redliontrader: 41.82 trade b/e.. re-entered here at 41.52
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(10:44 AM) tomthetrader: BG reported
(10:44 AM) rjllanas: ok play too
(10:44 AM) tomthetrader: BG
(10:45 AM) Pete45: Tom -what do you think about ERX?
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(10:45 AM) tomthetrader: Great
(10:45 AM) bitterwind4: I have to get out of my head that 2 of my oldest tennants, 23 yrs , are going BK. Everything is fine. Both in Silicon Valley. It is warping my perspective just a bit.
(10:45 AM) tomthetrader: perfect speculation
(10:45 AM) Pete45: thx
(10:46 AM) tomthetrader: may be a day trade or a 3 month hold
(10:46 AM) tomthetrader: JEC FWL:T
(10:46 AM) tomthetrader: FWLT all good ideas
(10:46 AM) tomthetrader: on breakouts
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(10:48 AM) tomthetrader: yes what we see in our neighborhoods with high unemployment etc...is 360 from wall street which feeds on earnings
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(10:51 AM) bitterwind4: did take tza for a scalp stop is .16
(10:51 AM) bitterwind4: see if it will work
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(10:52 AM) hibuck2: y
(10:52 AM) Fulkdaddy: y
(10:52 AM) bloomert: y
(10:52 AM) rjllanas: y
(10:52 AM) Pete45: 1
(10:52 AM) derr11: good
(10:52 AM) dhmohan1963: y
(10:52 AM) Bert_TTT: goood
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(10:53 AM) berniectx: Kudlow has been bullish I think
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(10:55 AM) PremR: with all due respect regarding Cramer...if you are a permabull of course you are going to be right when the market goes up. But i don't ever recall him being bearish as the market was melting down.
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(10:56 AM) PremR: he has been bullish since 1570 so he has only made up a fraction of what he has been wrong about.
redliontrader: low tick of the day -400
(10:56 AM) bitterwind4: did he ever go bear on GS or sears??
(10:56 AM) thomas_Poland: One by one, step by step, the whole market will eventually obey the corresponding structures.
(10:56 AM) thomas_Poland: who wrote that ??
(10:56 AM) thomas_Poland:
(10:56 AM) PremR: Macheivelli?
(10:56 AM) tomthetrader: Jesse livermore ?
(10:56 AM) thomas_Poland: anyone wants to guess?
(10:57 AM) thomas_Poland: you kidding .. Atilla on his blog
(10:57 AM) thomas_Poland:
(10:57 AM) thomas_Poland: he is looking from down move ..
(10:57 AM) tomthetrader: LOL
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(10:57 AM) thomas_Poland: as the market is "wrong"
(10:57 AM) tomthetrader: market is never wrong
(10:57 AM) thomas_Poland: and 'has to go with structures"
(10:57 AM) tomthetrader: people are
(10:57 AM) PremR: he should write instead the beatings will continue until the moral improves.
(10:57 AM) thomas_Poland: he was right for some time and f...d in a week?
(10:58 AM) tomthetrader: he has been 99% wrong since march 9th thomas
(10:59 AM) tomthetrader: this has been a BULL that the ZWEIG followers have gotten right most of the way ...I screwed up on the double barrelled buy signals but the last one just went off yesterday
(11:00 AM) tomthetrader: yes
(11:01 AM) berniectx: anyone know why McD getting hamered today, down 4%
(11:01 AM) tomthetrader: rev and currency affects
(11:02 AM) tomthetrader: PLEASE PLACE STOPS ON ALL WINNERS AT BREAKEVEN >>>>WE SHOULD BE OUT OF ALL SHORTS
(11:03 AM) tomthetrader: COW 28.50
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(11:07 AM) bitterwind4: will you ever go into a position to swing or hold.....ru waiting for a pb
(11:08 AM) sttteve: sell on IRA positions too? or just Main fund?
(11:08 AM) tomthetrader: all positions EXCEPT DAG and WFC
(11:08 AM) sttteve: ty
(11:08 AM) tomthetrader: we will reenter all others late today or tomorrow
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redliontrader: doing another dxd scalp attempt at 41.22
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redliontrader: anybody have any SPX resistance numbers?
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(11:29 AM) tomthetrader: Kass is short AMZN 977 res
(11:29 AM) arak99: next SPX resitance # is 978
(11:29 AM) tomthetrader: SPX su[pport niw 960
(11:30 AM) arak99: we blew past 966 like a hot knife thru butter
(11:30 AM) tomthetrader: 977 SPX RES 960 support now
(11:30 AM) tomthetrader: short term
(11:31 AM) tomthetrader: ISRG what a run
redliontrader: dxd trade stops at b/e
(11:31 AM) michaelj_10: lol
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(11:33 AM) tomthetrader: Thanks you guys
(11:33 AM) bitterwind4: RUT has tested highs 3 times but selling pressure is mild still
redliontrader: yes i agree b4
(11:34 AM) tomthetrader: Good Luck and don't for get high yield and AG / commodities / food long
(11:35 AM) longerorshorter: tom do you have any thoughts on BIDU earnings
(11:35 AM) longerorshorter: i think this pm
(11:36 AM) longerorshorter: or anyone
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(11:37 AM) bitterwind4: none here long
(11:37 AM) tomthetrader: No ...I wanted to short them they come up on my scans a SHORT
(11:37 AM) longerorshorter: k bitter thanks
(11:37 AM) longerorshorter: thanks tom
(11:37 AM) tomthetrader: YW good luck you all
(11:39 AM) longerorshorter: good luckw with ur mri tom
(11:39 AM) longerorshorter: mir
redliontrader: stopped dxd
(11:42 AM) rjllanas: just won't give
redliontrader: un believeable
redliontrader: i will keep trying small dxd scalps until one holds.. so far 4 attempts they have only cost me commission..
(11:44 AM) rjllanas: same here will be rewarded later
redliontrader: this is a tough one right here right now.. there is a little double bottom on dxd forming.. we are at sometype of resistance..
(11:47 AM) bitterwind4: Watching DXD TZA here. EDZ at some point. Not pushing
(11:48 AM) bitterwind4: RUT is v strong selling is mild.
redliontrader: b4 what time scale do you use
(11:49 AM) bitterwind4: I watch 1 and 3
redliontrader: k
redliontrader: 1 for me
redliontrader: rut and nyse a/d line exactly same ratio
(11:49 AM) bitterwind4: pop to 15 too if I want to tryto swing longer
redliontrader: y
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redliontrader: every day this week between 12 and 1 strong buying has come in
(11:54 AM) dhmohan1963: what do you think of TIE
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(11:54 AM) dhmohan1963: De are you here today
redliontrader: it tempted me in dxd 41.27
(11:56 AM) bitterwind4: looking at bear 2X and 3X etfs sure is interesting. they will be very cheap or gone if this mkt will not rest tied too much to derivitives and I could almost see them disappearing. funds might close. a tool or insturment that made money but did not work. will see.
(11:56 AM) bitterwind4: big boys made the money
(11:57 AM) dhmohan1963: how important is 979 spx level can it be a reversal point
redliontrader: be on the 41.27 dxd
redliontrader: b/e stops
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redliontrader: scalping counter-trend on a trend day is very difficult and unrewarding
redliontrader: stopped 41.27 b/e
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(12:12 PM) bitterwind4: will there be any selling into the wkend?? may not, but hard to believe withthis run up
redliontrader: some momentum is definitely gone.. it has be over 1 hour since we made a new low in dxd
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(12:12 PM) bitterwind4: ditto tza qid
(12:13 PM) bitterwind4: but last few days it just consolidatied tomove higher
(12:15 PM) bitterwind4: I am in TZA .82 waiting trying to get to be w stop
(12:17 PM) bitterwind4: last trade today
(12:19 PM) bitterwind4: CSCO GLW NVDA all to/thru r2
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(12:26 PM) bitterwind4: RUT will move higher testing hard...no selling
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redliontrader: absolutely no selling.. everyone feels like they are holding bargins.. fear is all gone
redliontrader: should break out in then next 5 mins or so..
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redliontrader: my tick 2 hour tick BB shows a -2d tick value of 18.. meaning for the last 2 hours the 95% of all the ticks have been between 18 and 965! That is extremely high, higher than I have ever seen..
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(12:34 PM) Fulkdaddy: Red, I do not follow TICK, what does this mean?
redliontrader: on a more neutral day it would +/- 700 ish
redliontrader: it means that buyers are buying at the ask basically.. chasing the stocks up.
(12:37 PM) Alert: News conference on NJ public corruption including arrests of mayors, rabbis and state legislator LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(12:39 PM) bitterwind4: SP need to brk974.50, 973.70, 972.50. good luck
(12:43 PM) Pete45: go ERX GO!
redliontrader: the russel continues to make new highs while the spx is stalled here consolidating..
redliontrader: The rut is going to pull up the rest of the market
redliontrader: i have 550 as next resistance for the RUT anyone else? that is another 1% from here
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(12:49 PM) bitterwind4: yes
(12:49 PM) Pete45: sold ERX $1.38
(12:49 PM) bitterwind4: might as well do it today
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(12:52 PM) bitterwind4: some where someone will put the skids on... all is not well, but no one cares
redliontrader: rj.. missed that entry.. 41.14.. did you get it?
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redliontrader: dxd @ 41.15 stops 41.05
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redliontrader: dxd b/e stops 41.15
(1:16 PM) thomas_Poland: I just looked at xtrends again ... sorry can't help it
(1:16 PM) thomas_Poland: and they still keep those 200 ES from 850.5 and 100 NQ from 1111
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(1:17 PM) thomas_Poland: 85000 FAZ long from 8.67 and 150000 long FAZ from 6.45
(1:17 PM) berniectx: they are good TP hope you are following
(1:18 PM) thomas_Poland: bernie you kidding right ?
(1:18 PM) thomas_Poland: short ES and short nq
(1:18 PM) thomas_Poland: man
(1:18 PM) berniectx:
(1:19 PM) thomas_Poland: like few millions loss? and few millions margin ?
(1:19 PM) thomas_Poland:
(1:19 PM) thomas_Poland: and I do not know how can they have FAZ at this price .. it is 38 something now
(1:19 PM) berniectx: just like to give you hard time TP
(1:19 PM) thomas_Poland: and they have also 6500 long FAZ from 51
(1:19 PM) thomas_Poland: bernie
(1:19 PM) azags: Those are all your positions Thomas because VV is on a confirmed long
(1:19 PM) thomas_Poland: you are bad person
redliontrader: xtrends is going to keep this rally alive because they are going to have to cover
(1:21 PM) azags: I took losses last week on my shorts. Now I can't buy the country of Poland that was on sale
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redliontrader: RUT HOD
redliontrader: dow appears exhausted
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(1:25 PM) bitterwind4: I think the dow loks higher
redliontrader: b/e on my dxd again
redliontrader: spx breaking out
(1:26 PM) DE_TTT: Tom...you still here?
redliontrader: tom gone for a couple of hours de
redliontrader: MRI
(1:26 PM) DE_TTT: Use this software to remove your trojan. I tried everything else and nothing worked. http://www.simplysupersoft.com/tremover/download.html
redliontrader: dxd 41.11
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redliontrader: one of these has to be the HOD? right?
(1:31 PM) desertone: Hello everyone!
redliontrader: good afternoon D1.. Tom is gone for an MRI he should be back in an hour.. but you know hospitals
redliontrader: we established our long postions this AM .. thank goodness.. an I am just sitting here practicing my scalp entry over and over again..
(1:32 PM) desertone: Got U,routine I hope.
redliontrader: MRI for his back
redliontrader: or knee
redliontrader: or both
(1:33 PM) arak99: Short ES 973 ... stop 975
(1:34 PM) desertone: Good, am long, have done conservatively well. So far.
(1:35 PM) sttteve: sure
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redliontrader: dow is struggling with 9070, spx is slowly making new highs and the RUT is out of control
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redliontrader: out 41.01 -10 loss
(1:37 PM) bitterwind4: ES out of control
(1:38 PM) desertone: yep IWM got away from me... It seems every time I log into PT all sorts of crazy things happen to me....
(1:39 PM) desertone: My cursor went up to yr posting and erased the word control.....
(1:40 PM) berniectx: WOW I almost shorted!! how far we go today?
redliontrader: dxd 40.99
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redliontrader: dxd stops 40.89
redliontrader: so far -.10 on dxd trades
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(1:44 PM) arak99: Dow 9200 would be great
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(1:47 PM) bitterwind4: even McDondalds is suffering from sales, but all is well
redliontrader: b/e stops on DXD now at 40.99
(1:49 PM) bitterwind4: small pb to S for ES
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redliontrader: Did bulls right here..
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(1:57 PM) tomthetrader: I think you can short 977 now
(1:58 PM) tomthetrader: we have achieed the total wipeout of all stops
(1:58 PM) tomthetrader: achieved
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(1:59 PM) tomthetrader: can you guys see me ?
(1:59 PM) tomthetrader: audio no working
(2:00 PM) tomthetrader: not
(2:00 PM) Fulkdaddy: I just added QID and SRS
redliontrader: yes we see you
(2:00 PM) tomthetrader: Thanks
redliontrader: can everyone see tom?
(2:00 PM) hibuck2: y
(2:00 PM) tomthetrader: I think 977 back down to 920ish
(2:00 PM) derr11: No audo but can see
(2:00 PM) desertone: y
(2:01 PM) arujunaa: adding another 25% long tyu at 116.125. now 50% tyu long 116.36.
(2:01 PM) tomthetrader: If you can take a small position in BGZ or TZA for the 1-3% correction
(2:01 PM) arujunaa: supply next week is a problem, but today is an asset allocation trade out of bonds into stocks.
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(2:01 PM) tomthetrader: TLT should be added to IRA 10%
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redliontrader: do u want to harvest any of the profit in IRA tom?
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redliontrader: moving DXD stops to 40.09 +.10 profit to get my .10 back
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(2:05 PM) tomthetrader: Yes please all cash in all winners
(2:05 PM) tomthetrader: sell all winning longs
(2:06 PM) tomthetrader: we should lock in all long profits
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(2:07 PM) tomthetrader: Please Lock in sell all longs here with profits all others hold
(2:07 PM) arak99: I shorted 973
(2:07 PM) arak99: will short more at 977
(2:07 PM) tomthetrader: 977 will turn out to be stiff resistance as I stated this A.M.
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redliontrader: nice a/d divergence.. nyse a/d falling, rut trying to recover and rising
(2:14 PM) tomthetrader: I think SPX will have trouble for several days
(2:14 PM) tomthetrader: I have taken a futures position here 10 ES short
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(2:16 PM) azags: paltalk is sick today
redliontrader: Closed GILD @ 48.40
(2:16 PM) tomthetrader: Yes
redliontrader: Closde DBA @ 24.52
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redliontrader: Closed dyy @ 6.81
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redliontrader: closed Zf @ 2.92
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redliontrader: closed KOL @ 26.17
redliontrader: closed BPT @ 69.10
(2:17 PM) Fulkdaddy: Tom, how much stock does 1 ES control?
(2:17 PM) tomthetrader: EDZ was taken out this morning of MAIN Red ...thanks on all the fills
(2:18 PM) tomthetrader: 1/100 of the basket of 500 stocks
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redliontrader: yes.. edz out
(2:21 PM) tomthetrader: (11:30 AM) arak99: we blew past 966 like a hot knife thru butter
tomthetrader: 977 SPX RES 960 support now
(2:21 PM) tomthetrader: That is what I put this morning
(2:22 PM) tomthetrader: 977 SPX resistance and 960 support ...we may go to 944 by Mondays close
redliontrader: then why did i keep test shorting all the way up?
(2:22 PM) tomthetrader: Maybe you need ed the practice ?
redliontrader: what a waste of time! -
redliontrader: yes
redliontrader:
(2:22 PM) tomthetrader: we all need to do sit ups ?
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(2:23 PM) tomthetrader: you are in good shape now and made your broker happy
redliontrader: keep my stock turn around numbers up so I can keep tradestation free
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(2:23 PM) tomthetrader: 6.00 dollars here and there !
redliontrader: thank tom, you make me feel better.. i knew there was a reason
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(2:25 PM) tomthetrader: DB COMMODITY DL ETN(NYSEArca: DYY)
Real-Time: 7.09 0.34 (5.04%) 2:17PM EThelp
(2:26 PM) tomthetrader: DYY was a great day trade
(2:26 PM) Fulkdaddy: UUP bouncing
redliontrader: dxd stopped again at 41.11.. +0.02 for the day on DXD
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(2:27 PM) dhmohan1963: talk about tlt did we buy it
(2:27 PM) tomthetrader: hope we got the high price on our fills !
(2:28 PM) ajayvee: Naz A/D +1520 Vol +4.3:1
(2:28 PM) tomthetrader: Yes
(2:28 PM) ajayvee: NYSE A/D +2250 Vol +7.8:1
(2:28 PM) tomthetrader: DH can you access the web site ?
(2:28 PM) ajayvee: RUT A/D +1550 Vol +4.3:1
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(2:29 PM) dhmohan1963: i am thru stand alone site not thru reds site i have not tried today
(2:29 PM) tomthetrader: is anyone having problems accessing the web site ..please let us know ...that is the most important area next to e-mails and here
(2:30 PM) dhmohan1963: red if you can e mail me the link yesterday i got kicked out before i could get from your super IM
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(2:32 PM) hibuck2: BGZ @ 28.52
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(2:33 PM) tomthetrader: good fill
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(2:34 PM) tomthetrader: should be asuccess
(2:34 PM) hibuck2: thxu
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(2:34 PM) hibuck2: stop @ todays low
redliontrader: http://pv.ttthedge.com is the address for the members website
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redliontrader: http://express.paltalk.com/index.html?gid=1088749347
redliontrader: is the address for paltalk express direct access to the TTTHedge.com trading room (here)
(2:36 PM) *** sttteve has left the room ***
redliontrader: i will email a tech note to the members tonight
(2:38 PM) tomthetrader: LARGE CAP BEAR 3X(NYSEArca: BGZ)
Real-Time: 28.54 2.18 (7.10%) 2:36PM EThelp We will take a 10% position in BGZ
(2:38 PM) tomthetrader: we will scale in stop at 28.00
(2:39 PM) tomthetrader: again 10% BGZ 28.54
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(2:41 PM) Fulkdaddy: y
(2:41 PM) hibuck2: ok here
(2:41 PM) arak99: audio clear
(2:41 PM) ajayvee: y
(2:41 PM) thomas_Poland: hello
(2:41 PM) derr11: hear ya
(2:41 PM) bitterwind4: g
(2:42 PM) dhmohan1963: no
(2:42 PM) thomas_Poland: seikoooooooo
(2:44 PM) arak99: A/D line 18.9:1
(2:44 PM) arak99: Volume A/D 7.9:1
redliontrader: rut and nyse are still pulling back
(2:46 PM) tomthetrader: NYA IWM Key here
redliontrader: I would think this was a good es short
(2:48 PM) tomthetrader: Yes
(2:48 PM) ajayvee: anyone know if Kass has capitulated yet?
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(2:48 PM) tomthetrader: He is str4ong short
(2:48 PM) arak99: he must have
(2:48 PM) tomthetrader: He will not give in
redliontrader: dxd 41.02 8x today
(2:48 PM) arak99: as someone was saying .. Kass got his ass handed to him today
(2:49 PM) tomthetrader: did anyone take any of the longts this a.m. looks like someone took ERX for a ride ?
redliontrader: arak that rhymes!
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redliontrader: yes, thank.. i didn
(2:51 PM) eman11: This seems to have the making of a capitulation day.
(2:51 PM) tomthetrader: did or did not !
(2:52 PM) tomthetrader: yes
(2:52 PM) tomthetrader: 100% correct ...but the Put call ratios are still OK for this Big of rally
(2:52 PM) tomthetrader: people don't believe it which is VERY BULLISH
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(2:53 PM) hibuck2: $PCRCO .84
(2:53 PM) hibuck2: $TNX 37.01 3.70
(2:54 PM) hibuck2: NYSE A/D +2352
(2:54 PM) bitterwind4: 1% sure not much of a pb.
(2:56 PM) tomthetrader: again 977 SPX cash should hold on the close
(2:56 PM) arak99: when the naz has been up 11 days in a row there was no top. the average run after the 11 days is 49 more days before a meaningfull correction. average gain was 10 % more up. a couple times there were 30% + gains
redliontrader: 1% PB numbers from todays highs: SPX 969.60, $NYA 6259.49, dow 9000, rut 541.95
(2:57 PM) arak99: when the naz has been up 11 days in a row. when you have 12 up in a row the stats get even better! the worst gain after was around 5% and after the run up ended (after the 49 days) pullbacks were only about 3.5%
(2:57 PM) tomthetrader: Yes
(2:57 PM) tomthetrader: Thanks you guys good datea
redliontrader: dow 9000 will be tough support.. 1% PB plus psych number
(2:57 PM) tomthetrader: data
(3:01 PM) tomthetrader: if we end with another 9-1 up down vol day it will be a sure bet again 100% odds on BULL with 10 day 2-1 a/d and coppock curve dat
(3:02 PM) tomthetrader: T was agreat stock pick
(3:02 PM) tomthetrader: every stock we have scanned and shown is up ...in this run
(3:03 PM) tomthetrader: Dow Theory Buy signal also ?
(3:04 PM) tomthetrader: KASS short AMZN since Monday ...Ouch ?
(3:05 PM) Fulkdaddy: Kass sold some of his longs here: MET, PRU and HIG
(3:05 PM) Fulkdaddy: His favorite long is LNC
(3:05 PM) Fulkdaddy: Favorite short is HSIC
(3:06 PM) Fulkdaddy: These have been his favs for a while
(3:06 PM) tomthetrader: AMZN and AN
(3:06 PM) arak99: he got creamed on AMZn & AN
(3:06 PM) tomthetrader: short were his 2 faves yesterday
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(3:07 PM) tomthetrader: very unusual actions
redliontrader: new highs on lower a/ds
(3:08 PM) tomthetrader: Huge day for dollar v. yen really helped softs finally
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(3:12 PM) tomthetrader: ES short positions I am taking in here
(3:12 PM) arak99: what is your target on Es tom?
(3:12 PM) hibuck2: double top on $DJI
(3:12 PM) eman11: I'll hold es short with you
(3:12 PM) tomthetrader: 2 days out tomorrow at 4pm or Monday 10:30 am
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(3:13 PM) arak99: big down day may be Tue
(3:13 PM) tomthetrader: OK let's get some fills
(3:13 PM) tomthetrader: 10 contracts for me here in traders
(3:14 PM) tomthetrader: please give your bid ask so we can take them
(3:14 PM) tomthetrader: and we will add to Traders account
(3:14 PM) tomthetrader: HOD
(3:14 PM) tomthetrader: let's try to get it 3:15pm fill
(3:15 PM) eman11: 976-976.25
(3:15 PM) tomthetrader: with 4 point stops
(3:15 PM) ajayvee: 976.25
(3:15 PM) arak99: Es new high 976.5
(3:15 PM) tomthetrader: let's put a ;limit at 976.50
(3:15 PM) tomthetrader: 10 at 976.50
(3:15 PM) tomthetrader: is Fair
(3:15 PM) tomthetrader: OK
(3:15 PM) arak99: we may get 978
(3:16 PM) eman11: filled at 976.50
(3:16 PM) tomthetrader: filled 10 contracts 976.50 short stop 980.50
(3:17 PM) arak99: filled in at 975.75
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(3:23 PM) Fulkdaddy: The dollar is at some very key support levels here at 78
(3:23 PM) Fulkdaddy: If it bounces, it should bring the market down
(3:24 PM) Fulkdaddy: If it fails, the market may go straight up 10%
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(3:26 PM) Fulkdaddy: Any news from Gartman?
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redliontrader: die bulls.. how do you kill a zombie?
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redliontrader: everyone is going to short here, and then tomorrow they will gap it up with the es and make everyone cover again and get another up day..
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(3:40 PM) arak99: redlion is everyone going short?
(3:40 PM) arak99: or only a few like us?
redliontrader: I'll tell you tomorrow.. lol
(3:41 PM) arak99: A/D line is dropping off
(3:42 PM) arak99: now 12:3 to 1
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(3:42 PM) arak99: longs are prolly selling into the rally here
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(3:44 PM) bitterwind4: RUT holding
(3:44 PM) bitterwind4: willa MSFT miss mean anything?? probably not
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(3:47 PM) tomthetrader: MSFT 25.00 puts
(3:47 PM) tomthetrader: aug
(3:47 PM) tomthetrader: into close
(3:47 PM) arak99: sell off from 3:45
(3:47 PM) berniectx: thanks all see everyone tomorrow be careful
(3:47 PM) hibuck2: $TRIN 1.14
(3:47 PM) tomthetrader: Thank you Bern
(3:48 PM) tomthetrader: Have agreat evening
(3:48 PM) eman11: traders holding BGZ overnight?
(3:48 PM) *** berniectx has left the room ***
(3:48 PM) tomthetrader: Yes
(3:49 PM) bitterwind4: es a little weaker, RUT broke key support fior the afternoon,, see if it can build
(3:49 PM) eman11: Thanks
(3:49 PM) tomthetrader: maybe a sell the last 5 minutes instead of TREND day
(3:50 PM) bitterwind4: TZA a bad day. going to hold some overnight
(3:51 PM) tomthetrader: maybe top just hit in RUT
(3:51 PM) tomthetrader: stops now at 978.50 on ES OK Guys
(3:52 PM) tomthetrader: close the stops a bit as we limit loswses
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(3:52 PM) Fulkdaddy: Bensignor sent out an alert saying a close above $12,35 on the XLF is a buy signal for the XLF as it will indicate a breakout
(3:53 PM) Fulkdaddy: The $12.35 level drops by a nickel a day for the rest of the week.
(3:53 PM) tomthetrader: selling 10 ES here
(3:53 PM) tomthetrader: confirmations
(3:53 PM) hibuck2: just BGZ
(3:53 PM) eman11: In and out now
(3:54 PM) tomthetrader: 3:53 sold 10ES
(3:54 PM) arak99: out of ES here 971.5
(3:54 PM) tomthetrader: 971.50 out
(3:55 PM) tomthetrader: $2500 finally
(3:55 PM) tomthetrader: a decent ES trade
(3:55 PM) tomthetrader: Profit
(3:55 PM) tomthetrader:
(3:55 PM) eman11: out 971.75
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(3:57 PM) hibuck2: great job Tom
(3:58 PM) tomthetrader: tomandprisha
(3:59 PM) bitterwind4: .52
(3:59 PM) hibuck2: 28.52
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redliontrader: i took the trade forgot to post I bought 28.50
(4:00 PM) hibuck2: gj red
(4:00 PM) sttteve: n you are right
(4:02 PM) arak99: short ES 974 again?
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(4:03 PM) arak99: don't ask me to call .. I'll ping you incessantly )
(4:03 PM) tomthetrader: OK
(4:03 PM) tomthetrader: we have a ES Trader !
(4:04 PM) arak99: I'm not shorting NQ here
redliontrader: Traders: 10% Short (BGZ), Main: 20% Short (TSM) 20% Long (WFC, DAG), IRA 20% Long (COW, TLT)
(4:05 PM) tomthetrader: Thanks
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(4:05 PM) eman11: Thanks Tom and RED
(4:06 PM) arak99: vix collap[se into the close
(4:06 PM) tomthetrader: .32 AMZN
(4:06 PM) ajayvee: thank you!
(4:06 PM) tomthetrader: beats barely
redliontrader: Closed: 7700$ Profit including some negative trades like NQ stop
(4:06 PM) tomthetrader: in line
(4:06 PM) tomthetrader: Thanks Guys
(4:06 PM) arak99: amzn dropping
(4:07 PM) hibuck2: AMZN droping
(4:07 PM) arak99: Short ES 973 or higher before Nikkei open?
(4:07 PM) Fulkdaddy: Who reports AH? AMZN and MSFT?
(4:08 PM) arak99: amzn reported and dropping
(4:08 PM) tomthetrader: MSFT soon AMZN missed
(4:08 PM) Fulkdaddy: AMZN getting hammered
(4:09 PM) DE_TTT: 1 out left...ESPN just went live with the game
(4:09 PM) Fulkdaddy: Kass making some money back
(4:09 PM) tomthetrader: YES
(4:10 PM) tomthetrader: Thanks DE
(4:10 PM) hibuck2: MSFT 13.1 b
(4:10 PM) DE_TTT: PERFECTO!!!!
(4:10 PM) hibuck2: .34
(4:11 PM) eman11: I'm at work, I can't watch the game
(4:11 PM) DE_TTT: PERFECT GAME.
(4:12 PM) arak99: ES selling off
(4:12 PM) hibuck2: MSFT 24.02
(4:13 PM) hibuck2: thats what we shorts need
(4:13 PM) arak99: wow .. ES 969
(4:13 PM) hibuck2: 23.70
(4:13 PM) bitterwind4: TZA bounce AH
(4:13 PM) bitterwind4: BGZ too
(4:14 PM) hibuck2: BGZ @ 28.89
(4:14 PM) arak99: ES now 968.5
(4:14 PM) arak99: MSFT & AMZN
redliontrader: nq down below 1% from top in AH
(4:16 PM) DE_TTT: First out in the 9th was a home run saving catch above the wall that the outfielder bobbled and "re-caught" on his way to the ground.
(4:19 PM) tomthetrader: unreal
(4:20 PM) tomthetrader: his wife was there
(4:20 PM) tomthetrader: and what a moment
(4:20 PM) bitterwind4: 29.50 is a 50% retrace on the day for BBZ is 29 ah
(4:21 PM) bitterwind4: TZA 50% is at 18.45 is 10.01 ah
(4:21 PM) bitterwind4: 18.01
(4:21 PM) ajayvee: AXP going down
(4:22 PM) bitterwind4: too bad you cannot take the trade in AH options
(4:22 PM) tomthetrader: AJ : you have a good day ?
(4:22 PM) tomthetrader: options closed but all etf's still rocking
(4:23 PM) bitterwind4: I will not miss the sell this time.....key is to try to ride it a bit if possible
(4:24 PM) DE_TTT: RVBD blows up...down 18%
(4:25 PM) ajayvee: sorry to say no. took my biggest loss this week! too much short in a bull market
(4:25 PM) tcb66: Anybody have anything on BIDU's numbers?
(4:26 PM) tcb66: Looks like BRCM missed as well
(4:27 PM) *** Lurks has left the room ***
(4:29 PM) Fulkdaddy: MSFT and AMZN just getting hammered AH
(4:29 PM) Alert: Shuttle astronauts news conf from ISS LIVE NOW News Talk Online in the Radio/TV Section [Free Video]
(4:29 PM) ajayvee: AXP and BRCM too
(4:29 PM) hibuck2: everything priced to perfection
(4:30 PM) *** azags has left the room ***
(4:33 PM) Fulkdaddy: Did BIDU report?
(4:33 PM) Fulkdaddy: It is also down
(4:33 PM) Fulkdaddy: AH
(4:33 PM) longerorshorter: not yet fulk
(4:34 PM) *** tomthetrader has left the room ***
(4:34 PM) *** tomthetrader has joined the room ***
(4:35 PM) tomthetrader: really should sell off ?
(4:35 PM) longerorshorter: only time will tell
(4:35 PM) longerorshorter: too scary stock for me
(4:35 PM) tomthetrader: lots of dough made from 977 SPX ....short was the key ...resistance on my drawing board
(4:36 PM) tomthetrader: Now we look for IRA longs and Traders shorts
(4:36 PM) tomthetrader: to aerage in
(4:36 PM) tomthetrader: average in
redliontrader: great job tom..
redliontrader: i traded out of most of my ETFs for options to free up some cash. I hope this stay down til the open..
(4:38 PM) *** jaxbrown22 has joined the room ***
(4:38 PM) *** paltinik25 has left the room ***
(4:38 PM) tomthetrader: Thanks to you...we are keeping our heads in here and I still think we can make a good run with some longs and shorts
(4:38 PM) tomthetrader: thank you
redliontrader: that paltinik25 that just left keeps sneaking in.. I have bounced him 2x this week..
(4:39 PM) longerorshorter: red thanks for updates today
(4:39 PM) longerorshorter: good job
(4:39 PM) arak99: Tom, arew you planning to short in the AH on ES?
(4:40 PM) tomthetrader: Yes
(4:40 PM) arak99: price range?
(4:40 PM) tomthetrader: But not sure if I will hae to wait until China opens ?
(4:40 PM) arak99: i reshorted 970 when amzn & msft missed expecting a gap down
(4:40 PM) arak99: 1/2 position .. need to add more
(4:40 PM) tomthetrader: I think we will get better entry later if China Japan follow
(4:41 PM) tomthetrader: safe way is to add a bit of TF 1-2 contracts
(4:43 PM) *** jaxbrown22 has left the room ***
(4:43 PM) thomas_Poland: I am happy to see Atilla at his proctologist officce
(4:43 PM) thomas_Poland: he is taking off one of the xtrendlines
(4:44 PM) thomas_Poland: the only one left is at 1050
(4:44 PM) thomas_Poland: Spx
(4:44 PM) thomas_Poland: and this is max pain for Sol and Atilla
(4:45 PM) tomthetrader: YES...no more lies from him
(4:46 PM) tomthetrader: Thomas ..is he now Tim Knight just a Joke in traders circles ?
(4:46 PM) tomthetrader: someone sent me a portfolio of his and sol's from a loss of 84 million ?
(4:46 PM) tomthetrader: do they have 84 million ?
