(8:07 AM) ajayvee: red's having fun already
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(8:19 AM) ajayvee: Trader's Almanac - Monday before July Expiration, Dow up 5 in a row.
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(8:26 AM) ajayvee: is there a legal or statutory reason why options do not trade the same time that the underlying stock trades? Or does the Options Exchange not want to get up early?
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(8:36 AM) netherbow1: TOM do you like any GS calls for earnings - Meredith sure lit a fire under it - best to wait or jump in ?
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(8:37 AM) desertone: GM everyone !
(8:37 AM) desertone: Somehow PT does not like me. This is my secong attempt....
(8:38 AM) bitterwind4: the time to like it was at the close friday
(8:39 AM) netherbow1: these rear view mirrors are great!
(8:39 AM) hibuck2: deser upgrade pt no more problems i did and knock on wood no more problems !
(8:40 AM) desertone: Upgrade to what ?
(8:40 AM) desertone: I go via the browser
(8:41 AM) hibuck2: Upgrade Pal Talk $39.00
(8:41 AM) desertone: And is this annually or monthly?
(8:42 AM) hibuck2: annually
(8:42 AM) hibuck2: worth it
(8:42 AM) desertone: Hmmmm it sure saves on headaches
(8:42 AM) hibuck2: i hv not knocked off
(8:43 AM) hibuck2: been
(8:43 AM) desertone: Is it still via the browser? or u had to d/l a software
(8:43 AM) desertone: I use both Mac and Windows
(8:43 AM) hibuck2: i hv a little paltalk icon
(8:44 AM) hibuck2: me windows
(8:44 AM) desertone: So U d/l a Software program TY Hb2 I shall investigate
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(8:45 AM) desertone: Wow Tom that FAST is working !!!!! Thnks
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(9:09 AM) bitterwind4: test
(9:10 AM) sttteve: pass
(9:10 AM) bitterwind4: tks
(9:10 AM) azags: pass with flying colors
(9:12 AM) tomthetrader: Good Morning ...Audio at 9:20 am EST
(9:12 AM) azags: The futures were all over the place early this am but they knew I still have some long positions so they wouldn't stay down
(9:13 AM) bitterwind4: I bought 5 near 140s GSgh before the close and may sell them near the open
(9:13 AM) bitterwind4: gm
(9:13 AM) netherbow1: gm
(9:13 AM) azags: you are the big winner bitterwind
(9:14 AM) azags: Tom how is that old back?
(9:16 AM) bitterwind4: I tried to entice others...thought it was worth the risk....was ignored. thought I might be wrong. almost did not.
(9:16 AM) ajayvee: I followed you in bw4
(9:17 AM) desertone: In with Aug 150 GS calls
(9:17 AM) hibuck2: bitterwind lives in ca u know those ca people set the trend
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(9:18 AM) thomas_Poland: anybody here?
(9:18 AM) hibuck2: no
(9:18 AM) thomas_Poland: I am on different comp and have to make sure ]
(9:18 AM) thomas_Poland: he
(9:18 AM) bitterwind4: right, just ask our politicians
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(9:19 AM) bitterwind4: did TOM hold UWM over....I think he sold eod
(9:19 AM) hibuck2: gm
(9:19 AM) azags: y
(9:19 AM) ajayvee: g'mornin
(9:20 AM) bitterwind4: gm
(9:20 AM) thomas_Poland: gm
(9:20 AM) bloomert: gm
(9:20 AM) hibuck2: here too
(9:20 AM) netherbow1: gm
(9:20 AM) desertone: GM
(9:21 AM) thomas_Poland: test of xtrend line
(9:21 AM) thomas_Poland:
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(9:25 AM) azags: July options expiration week is more commonly a down week in contrast to most other options expiration weeks
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(9:27 AM) azags: I am still long but not as heavy as last week but plan to sell my longs with a good pop today
(9:27 AM) bitterwind4: On mondays when I am in or close to cash....I scratch my head a wonder where the hell to go...will see and follow Tom.
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(9:28 AM) bitterwind4: lol
(9:28 AM) bitterwind4: good feel better
(9:28 AM) bitterwind4: gs
(9:28 AM) tomthetrader: Thanks
(9:29 AM) tomthetrader: be back on audio at 9:45 and every 15 minutes there after
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(9:29 AM) tomthetrader: Good Day For merideth whitney's new compony...she is down 38% since breaking off from here real job and managing $
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(9:31 AM) azags: Lets all invest with her Tom and make our money disappear
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(9:33 AM) bitterwind4: stop on my GS 140s is 8.00
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(9:35 AM) Freezinalberta: Tom I am still holding UWM from Friday, continue to hold?
(9:35 AM) tomthetrader: Yes and look at our NVLS go here
(9:36 AM) tomthetrader: UWM a good hold for the week
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(9:36 AM) Freezinalberta: bought at 17.01 stop at ?
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(9:38 AM) tomthetrader: sell now
(9:38 AM) tomthetrader: and we will buy some short s in here
(9:38 AM) tomthetrader: SDS buy 25 % on this gap up
(9:40 AM) tomthetrader: we will use this as our " hedge " for the week in Traders with a 4% stop so please add SDS here by 9:45 am or so ...RED will get the price3 and please post your fills or at least quotes to keep us Honest !
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(9:40 AM) tomthetrader: again taking a defensive 25% SDS Long / Short position fading early strength
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(9:41 AM) hibuck2: y
(9:41 AM) eman11: y
(9:41 AM) dhmohan1963: y
(9:41 AM) azags: y
(9:41 AM) Freezinalberta: y
(9:41 AM) ajayvee: SDS 59.88
(9:41 AM) desertone: y
(9:41 AM) derr11: y
(9:42 AM) bitterwind4: in ys in 59.81 SDS
(9:42 AM) nimesh_: nq dove quick
(9:42 AM) dhmohan1963: tom glw what is stop 85V OR 4%
(9:42 AM) tomthetrader: 59.80 sds
(9:43 AM) dhmohan1963: 8% or 4%
(9:44 AM) tomthetrader: 4% stops on 2x ETF's
(9:44 AM) tomthetrader: unless we change ..I adjust my stops the next day or add futures short
(9:45 AM) dhmohan1963: YES
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(9:46 AM) tomthetrader: again 2 setups we have is this continued WEAK RALLY into Wednesday and then Short 50% or a quick sell off to 850 ish to go 100% long
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(9:48 AM) redTest: dmohan I have 8% trailing stops on GLW.. currently at 13.73
(9:49 AM) JR Roden: NDX and RUT both are in the red
(9:54 AM) bitterwind4: GLW back to fridays open
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(9:56 AM) bitterwind4: CSCO back to fri lows where it bounced watching
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(9:59 AM) tomthetrader: XLF puts deep in a conservative short term trade
(10:00 AM) JR Roden: When does GS report?
(10:00 AM) tomthetrader: shorting via TZA may be in order also
(10:00 AM) Freezinalberta: buy SKF ?
(10:00 AM) tomthetrader: GS Reports tomorrow 7:00am
(10:00 AM) tomthetrader: SKF is a good one
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(10:01 AM) tomthetrader: XLF puts tie up very little capital
(10:01 AM) Freezinalberta: anything official on financial shorting? this morning?
(10:01 AM) JR Roden: Thx
(10:02 AM) tomthetrader: Nothing official just 4 recommendations
(10:02 AM) tomthetrader: short via puts on XLF is the least risky and a good return
(10:02 AM) tomthetrader: we may add those quickly
(10:02 AM) Alert: The Sotomayor Supreme Court confirmation hearing starts NOW LIVE on NewsTalk Online in the Radio/TV Section [Free Video]
(10:03 AM) desertone: Tom would U consider DBA here or still more Downside?
(10:03 AM) hibuck2: XLF " XJZ HL " aug 12. puts 1.12 1.14
(10:03 AM) hibuck2: wrong
(10:03 AM) hibuck2: XJZ TL
(10:05 AM) desertone: In XLF Aug Puts the 11 @ 0.60
(10:06 AM) desertone: OK tnks np
(10:09 AM) tomthetrader: uup
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(10:11 AM) tomthetrader: stops at break even on SDS and look to enter SKF or UUP or XLF puts or TZA
(10:12 AM) bitterwind4: will be out sds if .50
(10:13 AM) tomthetrader: we will sell SDS 25% at 60.60 limit sell profit lock at 60.60
(10:13 AM) tomthetrader: Sold
(10:14 AM) tomthetrader: SDS 60.60
(10:14 AM) tomthetrader: looking to add on a rally
(10:15 AM) tomthetrader: everyone make some money on SDS ?
(10:15 AM) ajayvee: yes, kaching
(10:15 AM) tomthetrader: very good trade
(10:16 AM) bitterwind4: GLW nice 50% bounce off lod
(10:16 AM) tomthetrader: getting volatile
(10:17 AM) Freezinalberta: thanks Tom for SDS
(10:17 AM) tomthetrader: Your welcome : very good way to start the week
(10:19 AM) tomthetrader: we will sell 10% GLW at 14.59 here sold GLW 10% at
(10:20 AM) bitterwind4: what was your entry GLW
(10:20 AM) bitterwind4: ok tks
(10:20 AM) tomthetrader: 14.44
redliontrader: 7/7 10% GLW was added at 14.44 (2nd tranche)
(10:21 AM) Freezinalberta: twm
(10:21 AM) Bert_TTT: TWN is Tiwan
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redliontrader: TWM 2x rut short
(10:22 AM) Bert_TTT: Taiwan
(10:22 AM) tomthetrader: 48.00 TWM
(10:22 AM) Freezinalberta: twm 2X tza 3X
(10:24 AM) tomthetrader: fast
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(10:25 AM) hibuck2: SCHW look decent up .21
(10:25 AM) desertone: LOL I sent tnks above!!
(10:25 AM) tomthetrader: yes...we can make some $$$$$$$$$$$$$$ here D 1 !!!!!!
(10:26 AM) Bert_TTT: TWM @47.78
(10:27 AM) tomthetrader: 47.71 filled TWM
(10:27 AM) tomthetrader: 25% into TWM
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(10:28 AM) tomthetrader: Traders short via TWM 25%
(10:28 AM) dhmohan1963: AT 47.58
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(10:30 AM) tomthetrader: Good job .....
(10:32 AM) nimesh_: any news release?
(10:32 AM) hibuck2: TICK +1072.00
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(10:34 AM) hibuck2: $PCRCO .72
(10:34 AM) hibuck2: $TNX 33.03 3.30
(10:34 AM) JR Roden: XLF potentially making a double top
(10:35 AM) hibuck2: $TRIN .78 $TRIQE .91
(10:35 AM) hibuck2: NYSE A/D +245
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(10:38 AM) tomthetrader: short covering from this A.M. public getting placed ...still bearish here on a rise into 888 spx
(10:39 AM) tomthetrader: 47.10 we will add another 25% to TWM
(10:39 AM) tomthetrader: so we will be 50% into TWM
(10:39 AM) tomthetrader: 47.10 and our 1st traunche 20 waves in TWM at avg of 47.50 is OK for a position
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(10:44 AM) bitterwind4: in TWM 47.26
(10:48 AM) Freezinalberta: small position SKF at 45.30
(10:56 AM) tomthetrader: HOD Dow
(10:56 AM) nimesh_: all indices HOD
(10:57 AM) Freezinalberta: die bulls
(10:58 AM) tomthetrader: Good Comeback for Da Bulls
(10:58 AM) tomthetrader: UUP and Banks are the story
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(11:00 AM) nimesh_: fast moves today
(11:01 AM) azags: This is good because it allows me to get out of my longs. I will go short if at the close ndx is above 1423. Thomas and I and JR will buy our usual 4 million qid then
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(11:02 AM) tomthetrader: Yes...don't cut yourselves short on the QID !
(11:02 AM) tomthetrader: There is plenty to go around..except when Thomas gets mad.
(11:03 AM) azags: I am going to hock Thomas' Seiko to afford it
(11:04 AM) tomthetrader: There is a million shares there alone ? World reknown
(11:04 AM) bitterwind4: tried a fill TWN .58 and missed it
(11:05 AM) nimesh_: 180 something
(11:05 AM) azags: I disregard her and rely on world famous ME
(11:06 AM) nimesh_: ignore all analysts
(11:07 AM) dhmohan1963: de r yiu there
(11:08 AM) tomthetrader: STEC keeps flying !
(11:08 AM) dhmohan1963: i wanted to ask about ARUN is it a buy after correction
(11:08 AM) tomthetrader: ARUN is on a run now !
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(11:09 AM) tomthetrader: is a decent play after a correction or to ride on momo now
(11:09 AM) tomthetrader: F down ...all commodities
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(11:10 AM) tomthetrader: 148.00 GS is a tempting short here
(11:12 AM) hibuck2: SCHW up.53 @ 17.00
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(11:16 AM) hibuck2: NYSE A/D +730
(11:17 AM) hibuck2: $PCRCO .77
(11:17 AM) hibuck2: $TNX 33.01 3.30
(11:17 AM) tomthetrader: remember when I told you last week how Bullish Tim Slope of Hope Knight was on oil...sure sign we would go lower ?
(11:17 AM) bitterwind4: TWN did hold in 2 day range from friday...now lets test the top of range
(11:17 AM) hibuck2: $TRIN .88 $TRIQE .67
(11:17 AM) bitterwind4: 3min cht
(11:18 AM) hibuck2: $SPX 885.63
(11:18 AM) hibuck2: $RUT 482.70
(11:18 AM) dhmohan1963: tom i aske dabout AIG two days ago it loks like to be in short sueez gone up 40% since then do see a short trade
(11:18 AM) tomthetrader: AIG is a worthless stock ..short it ....
(11:18 AM) bitterwind4: GLW v nice trade off lows too
(11:19 AM) tomthetrader: you may want to memntion it was down 99% before the rally !
(11:20 AM) dhmohan1963: yes
(11:20 AM) dhmohan1963: it is totally dead
(11:21 AM) tomthetrader: 50-1 reverse stock split then a huge sell off then a short covering rally
(11:23 AM) tomthetrader: 876 VWAP
(11:24 AM) ajayvee: darn, got out of my GS calls a bit too early.
(11:26 AM) bitterwind4: me too ajay....better than too late though
(11:26 AM) tomthetrader: I would seriously think of shorting here and now
(11:26 AM) tomthetrader: I have 5 GS July 150 puts
(11:27 AM) tomthetrader: will add to them each day
(11:27 AM) tomthetrader: Up or down til MOC Friday
(11:28 AM) dhmohan1963: tnx tom
(11:28 AM) tomthetrader: You are welcome
(11:30 AM) dhmohan1963: tom what is your out look on home builders and do you think comercial real estate is to tank in near future
(11:31 AM) ajayvee: TWM just bleeding all over my screen
(11:32 AM) tomthetrader: HOD Dow ...getting overbought
(11:32 AM) hibuck2: $SPX 890.71
(11:33 AM) tomthetrader: we may have to buy some futur4es short
(11:33 AM) tomthetrader: 900 SPX we will go 100% short in Traders
(11:33 AM) sttteve: I am ready
(11:33 AM) hibuck2: NYSE A/D +1267
(11:33 AM) tomthetrader: still look to exit our longs with little damage
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(11:34 AM) hibuck2: GLW @ 14.98
(11:35 AM) hibuck2: SCHW @ 17.09
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(11:36 AM) desertone: Booted from PT again
(11:37 AM) desertone: test am I here?
(11:37 AM) netherbow1: yes
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(11:37 AM) bitterwind4: yes
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(11:38 AM) JR Roden: From David Nichols ...
(11:38 AM) bitterwind4: did add TWM .89
(11:38 AM) tomthetrader: NO stops on TWM ...take off stops and add some more to go to 75% at 45.87
(11:38 AM) tomthetrader: again 75% short now in Traders
(11:39 AM) tomthetrader: last fill on TWM at 45.87 TWM
redliontrader: No stops on TWM and add another 75%
(11:39 AM) tomthetrader: we have met our target of 894 cash
(11:39 AM) tomthetrader: add 25% to get to 75%
(11:40 AM) tomthetrader: we are now 75% short via TWM in Traders
(11:41 AM) bitterwind4: tks for update TWM ....original stop was close.GLW is alive and nice range today
(11:41 AM) tomthetrader: 15.00 sell GLW
(11:41 AM) tomthetrader: 14.97 now
(11:42 AM) tomthetrader: raise stops on GLW to 14.95 and 15.00 so we will take the position off
(11:43 AM) ajayvee: NYSE A/D +1300 Vol +3.4:1
(11:43 AM) tomthetrader: very good show by the Bulls
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(11:46 AM) tomthetrader: great rally by the bulls here
(11:46 AM) tomthetrader: hedged is the way to play
(11:49 AM) Freezinalberta: skf 43.95
(11:49 AM) bitterwind4: yes but if a perfect hedge how do you make money. one up one down??
(11:51 AM) tomthetrader: yes ...you have to have a winner ...so play the good trade bad trade.....nimble action
(11:51 AM) tomthetrader: good trading
(11:51 AM) ajayvee: good ? because all my SDS morning profits have vanished. of course one is realized profits and TWM is not
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(11:56 AM) bitterwind4: not seein much vol in GLW nears put or call
(11:57 AM) ajayvee: NYSE A/D +1500 Vol +4.6:1
(11:58 AM) ajayvee: die bulls!
(12:02 PM) *** convexity has joined the room ***
(12:02 PM) nimesh_: looks like building a flag for another push higher
(12:03 PM) tomthetrader: Looks like a top here at 898.00 cash
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(12:03 PM) tomthetrader: Seems like they got a good rally off the 8% intermediate term correction
(12:04 PM) nimesh_: u mean 893 cash, tom?
(12:04 PM) tomthetrader: HOD Cash will probably be 898.00
(12:05 PM) tomthetrader: we will go 25% short in the futures if w when we hit that area
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(12:05 PM) tomthetrader: market has 8-14 sell signals
(12:06 PM) tomthetrader: 1.62 gasoline ...in your neighborhood soon /
(12:06 PM) sttteve: if taht happens guaranteed they would raise gas taxes big time
(12:06 PM) tomthetrader: yes
(12:07 PM) tomthetrader: all taxes are going up
(12:07 PM) tomthetrader: to make sure we don't get a edge here !
(12:07 PM) netherbow1: TOM are you in YUM yet? calls or stock?
(12:07 PM) tomthetrader: Don't give the little guy a break
(12:08 PM) tomthetrader: YUM long stock for 5 sessions
(12:08 PM) tomthetrader: 500sh is all ...very small position
(12:08 PM) netherbow1: thxs
(12:08 PM) tomthetrader: AMR I am adding calls Jan 2010 5.00
(12:09 PM) tomthetrader: GCI I am adding puts
(12:09 PM) tcb66: Aruj- Are you still expecting bonds to rally this week after some consolidation?
(12:10 PM) bitterwind4: TWN off lod is thrru DTline 1min...needs conviction
(12:11 PM) tomthetrader: TWITTER IS DOWN
(12:11 PM) tomthetrader: TWM also
(12:11 PM) tomthetrader: 46.00
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(12:13 PM) arujunaa: tcb: i think so. it's a tough call. many technical crosscurrents. on one hand we have no supply for 2 weeks. people are short. and yet we are overbought. i still prefer buying near high 117s on tyu9 (even low 118s) but we are just not getting any kind of pullback.
(12:14 PM) arujunaa: one other thing: everyone is now bullish on bonds! dangerous!
(12:14 PM) tomthetrader: any views on the dollar guys ?
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(12:16 PM) csu30: I'm long $USD via UUP but not sure if a retest is in the works or not; longer term should go up
(12:16 PM) tomthetrader: YES
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(12:17 PM) tomthetrader: I agree...got long the dollar as spec play now very interested in it as long term play
(12:17 PM) tomthetrader: out of forex and into UUP
(12:17 PM) tomthetrader: Look at the bounce in DAG
(12:18 PM) tomthetrader: CME took off with commodities
(12:18 PM) bitterwind4: most of letters you sent this wkend Tom... were bearish. Maybe this is their last hurrah for a bit. will see
(12:18 PM) tomthetrader: and dollar stabilization
(12:19 PM) tomthetrader: most lett writers are neutral to bullish ...individuals bearish corp insiders bearish
(12:19 PM) tomthetrader: most want a retest of lows
(12:19 PM) Freezinalberta: UUP struggling despite sharply lower commodity prices
(12:20 PM) tomthetrader: we think the 4 week drop is still in a place where shorts will get more gains after this hiccough
(12:23 PM) tcb66: Thx Aruj - Stocks and bonds appear to have decoupled for now so I can't find an edge either way but my bias is to short given the size of then run over past 4 weeks. However, the action today is starting to look like a pause before another leg higher.
(12:24 PM) tomthetrader: FAZ 50.27 now !
(12:25 PM) tomthetrader: seems funny no one can short cause small speca can't hit FAZ
(12:25 PM) tomthetrader: GS shorting shares at 150.00
(12:26 PM) tomthetrader: 149.40
(12:26 PM) tomthetrader: and will short the common and buy more July 150.00 puts
(12:27 PM) tomthetrader: NYSE earlier was 1/2 of Dow which is usually a sell signal
(12:28 PM) tomthetrader: TWITTER DOWN
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(12:28 PM) tomthetrader: XLF July 12.00 puts anyone ?
(12:29 PM) tomthetrader: on a charting basis GS should have topped at 149.40
(12:30 PM) hibuck2: XJZ SL 12 @ .57 .59
(12:30 PM) hibuck2: July
(12:30 PM) hibuck2: XJZ TL Aug 12 put .95 - .96
(12:31 PM) arujunaa: tcb:yes, the rally is not over. the question is how low can we go in a consolidation? my bet is 117.75/118.00ish. but will it? imo, the mkt has done nothing yet to suggest that going short is correct
(12:31 PM) eman11: In GS puts at 4.95
(12:35 PM) netherbow1: What do you think of selling Aug 125 GS puts TOM?
(12:38 PM) tomthetrader: I think it is a good idea...keep it small of course
(12:38 PM) netherbow1: thxs
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(12:42 PM) ajayvee: DAG moving up
(12:43 PM) tomthetrader: sub 2.00 gasoline by Thanks Giving ?
(12:44 PM) tomthetrader: SGP and MS possible shorts
(12:45 PM) netherbow1: sold Aug 125 GS puts - 2.10 - small
(12:45 PM) ajayvee: SPG
(12:45 PM) tomthetrader: SPG
(12:45 PM) tomthetrader: it's my age AJ !
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(12:45 PM) tomthetrader: DE always gets me 1st
(12:45 PM) DE_TTT:
(12:46 PM) ajayvee: just paying attention
(12:46 PM) tomthetrader:
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(12:51 PM) tomthetrader: Marty 23% Cash now
(12:52 PM) tomthetrader: 77 % Long in recession resistant stocks ....sold commodities looking to reenter
(12:52 PM) tomthetrader: PMI PEPMRK was bought on the big drop
(12:53 PM) tomthetrader: CSX Dr J slightly Bullish I am short
(12:53 PM) tomthetrader: INTC no buy
(12:54 PM) bitterwind4: TZA same action...holding off lows sideways
(12:55 PM) tomthetrader: may sell 25% of our hedge here at break even
(12:55 PM) bitterwind4: price tgt on TWM at this point...?
(12:56 PM) tomthetrader: sold 45.91 25% TWM
(12:58 PM) tomthetrader: again ..still bearish just managing our money
(1:00 PM) JR Roden: On DIA - the 13 EMA on 5 min chart has been support all day. We are testing it again to see if it holds
(1:00 PM) tomthetrader: yes...My guess is it does and we have a decent close....and we will have to decide on sell signal on close
(1:01 PM) tomthetrader: managing risk is key
(1:11 PM) ajayvee: NYSE A/D +1530 Vol +5:1
(1:12 PM) ajayvee: Naz A/D +700 Vol +3.3:1
(1:12 PM) ajayvee: RUT A/D +953 Vol +2.5:1
(1:13 PM) tcb66: Spike in gold futures
(1:13 PM) ajayvee: DYY DAG and DBA acting nice today
(1:19 PM) netherbow1: oil wants green ?
(1:19 PM) ajayvee: are we working on a trend day up?
(1:23 PM) hibuck2: SCHW HOD @ 17.27
(1:25 PM) tomthetrader: Look s very very bullish
(1:25 PM) tomthetrader: still on the TTT BUY signal target of 900 we placed on Wed
(1:25 PM) tomthetrader: a latent Bull run has the mega bears in REAL TROUBLE
(1:26 PM) tomthetrader: Bears have to worry about the possible blowoff ...while Bulls are licking their chops on the rally off a "normal 8-10% Int term correction
(1:29 PM) tomthetrader: almost have a sell signal off the buy signal which happened a lot in the BEAR market
(1:29 PM) tomthetrader: we will see but right now market acting VERY WELL
(1:30 PM) tomthetrader: HOD and 900 SPX cash target will get hit
(1:35 PM) bitterwind4: I would think if the market was so on edge that they might sell some into this strength here. with this rallley.
(1:35 PM) hibuck2: XLF TL .93 094
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(1:36 PM) hibuck2: XJZ TL
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(1:39 PM) ajayvee: GS HOD
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(1:43 PM) JR Roden: dia right back to 13 EMA on 5 min chart. Will it hold again?
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(1:50 PM) tomthetrader: No changes but we are looking to enter ESU( short here
(1:50 PM) ajayvee: GPY SJ Jul 150 put 4.65
(1:50 PM) tomthetrader: ESU9 we will attempt to buy near the close unless we start to unravel early
(1:51 PM) tomthetrader: right now trend day qualities with banks leading the way
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(2:03 PM) tomthetrader: 18.54 is our Break even for CSCO
(2:03 PM) redTest: paltinik25 was bounced from the room by redTest. 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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(2:03 PM) tomthetrader: so be looking to put a sell on CSCO at Break even levels
(2:04 PM) tomthetrader: impressive performance buy stocks and bonds
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(2:04 PM) tomthetrader: very bullish if it can hold til close and develop a trend
(2:05 PM) tomthetrader: Again we will take our Break even if CSCO hits 18.54-18-55
(2:05 PM) tomthetrader: this will release more cash for use
(2:06 PM) tomthetrader: currently 18.44 but still able to get to 18.54 quickly so please put in a oredr if you want to free up cash w/o a loss
(2:06 PM) tomthetrader: AMR calls doing well again after a drop
(2:07 PM) tomthetrader: amr IS A GREAT LONG
(2:07 PM) tomthetrader: great hefge too on short oil
(2:07 PM) tomthetrader: many are seeing 5200-54.00 ...I agree
(2:08 PM) tomthetrader: this will lead up to a huge PP CPI report showing DEFLATION this next reporting period
(2:08 PM) Alert: The Sotomayer confirmation hearings resume NOW LIVE on News Talk Online in the Radio/TV Section [Free Video]
(2:08 PM) tomthetrader: some like DEFLATION ..Bonds ...others like disinflation stocks but no one really loves Inflation ...oil DBC DBA
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(2:09 PM) tomthetrader: Market holding on to TREND quality
(2:10 PM) desertone: In GS 150 July puts @ 4.70
(2:11 PM) tomthetrader: we have had the ranges on GS so far and will attempt to see how the market will be drawn UP into close with GS break of 150.00 if Bukllish
(2:12 PM) tomthetrader: HOD everywhere
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(2:13 PM) desertone: Yes, I still am in the GS Aug 150 call and have a nice profit looking for EOD and maybe out of both.... I shall let the mkt show me
(2:15 PM) tomthetrader: very good
(2:16 PM) desertone:
(2:16 PM) redTest: nice trading d1
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(2:22 PM) ajayvee: wow, did a buy program just go off?
(2:22 PM) hibuck2: SCHW another HOD @ 17.30
(2:23 PM) ajayvee: TWM another LOD
(2:23 PM) hibuck2: $TICK +1018
(2:23 PM) tomthetrader: New Highs all over town
(2:23 PM) sttteve: why fight it?
(2:23 PM) tomthetrader: who is ?
(2:24 PM) tomthetrader: I see no one fighting it..we have called it a great rally trend day
(2:24 PM) hibuck2: to the moon Alice
(2:24 PM) tomthetrader: we are just taking profits on longs established
(2:24 PM) tomthetrader: CSCO 18.54
(2:25 PM) tomthetrader: GILD doing well to make up for unrealized losses
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(2:26 PM) tomthetrader: you have to adjust and bend / not break with small positions and get on the right hedging program ....most likely tomorrow will be down the same amount...that is what the last 4 months has done to Traders
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(2:27 PM) tomthetrader: sell CSCO 18.51
(2:27 PM) tomthetrader: OK
(2:27 PM) tomthetrader: Out of CSCO with a tiny Loss
(2:27 PM) tomthetrader: 18.51 out of Main Fund Longs now
(2:27 PM) tomthetrader: looking to add to main fund shorts near the close
(2:28 PM) tomthetrader: SOLD our CSCO position and now looking at GILD cut backs
(2:28 PM) tomthetrader: You with me RED ?
redliontrader: YES
(2:29 PM) redTest: i had a limit order at 18.54 that wall filled
(2:29 PM) tomthetrader: Thank you ..great job you all..
(2:29 PM) redTest: was
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(2:30 PM) ajayvee: Naz A/D +961 Vol +4:1
(2:30 PM) ajayvee: NYSE A/D +1720 Vol +6:1
(2:30 PM) ajayvee: RUT A/D +1200 Vol +3:1
(2:30 PM) tomthetrader: 898.00 cash was projected HOD cash with TTT Buy signal limits 900-904...we should see a selloff from those levels
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(2:42 PM) arak99: Short ES 893?
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(2:43 PM) tomthetrader: we will enter futures on the close so we don't get caught ina Trend day
(2:43 PM) arak99: GS earnings tomorrow ... likely to ramp futures in during asian hours?
(2:43 PM) tomthetrader: we would rather short 895ish ES
(2:43 PM) tomthetrader: Yes the highs should be hit AH and pre market
(2:50 PM) hibuck2: NYSE A/D +1937
(2:50 PM) nimesh_: they have already ramped it plenty, wonder how much they can ramp it up during asia hours
(2:50 PM) hibuck2: $PCRCO .82
(2:50 PM) hibuck2: $TNX 33.42 3.34
(2:50 PM) hibuck2: $TRIN .77 $TRIQE .52
(2:51 PM) hibuck2: $RUT 489.82
(2:51 PM) hibuck2: $SPX 896.57
(2:53 PM) rekon8: SSO - are we still in the trade? Traveling today.
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(3:00 PM) tomthetrader: if you are take your profits !
(3:01 PM) tomthetrader: 675 mil shares ...largest June Budget defecit in US history
(3:03 PM) tomthetrader: ADY ...I think I nailed that one ?
(3:03 PM) tomthetrader: -45% ?
(3:03 PM) tomthetrader: guess the read was a good one
(3:05 PM) tomthetrader: Geithner concerned about CIT
(3:05 PM) tomthetrader: TIM KNIGHT into TBT on top of oil
(3:06 PM) bitterwind4: they are looking at going BK
(3:06 PM) tomthetrader: Slopers are long OIL andSHORT bONDS
(3:06 PM) Alert: ====SECURITY BULLETIN!=======
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(3:06 PM) tomthetrader: 8300 ttt BUY SIGNAL TARGET HIT
(3:07 PM) tomthetrader: SHOULD BE THE END OF THE SHORT TERM'
(3:07 PM) bitterwind4: bull?
(3:08 PM) tomthetrader: 8300 SHOULD BE A TOPPING AREA ...WE WILL SEE
(3:08 PM) tomthetrader: oIL BACK HITTING in AH
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(3:09 PM) arak99: DopeOfHope?
(3:09 PM) tomthetrader:
(3:13 PM) tomthetrader: we will start to add futures short here
(3:13 PM) tomthetrader: 10 contracts
(3:13 PM) tomthetrader: at 3:13-3:15pm
(3:13 PM) TTTMichael: Tom, are you considering long GS puts at close??
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(3:13 PM) tomthetrader: Yes
(3:13 PM) tomthetrader: at the close
(3:14 PM) tomthetrader: we will buy ES futures short here
(3:14 PM) tomthetrader: if someone can put up fills or quotes
(3:14 PM) arak99: GS likely target in AH could be $157 ... so short probably works better in AH?
(3:15 PM) tomthetrader: E-MINI S&P 500 (ES U9) Last: 893.75 Change: 18.75 Monday July 13, 2009 14:14 CDT
(3:15 PM) TTTMichael: Four days ago they didn't like GS at 135 but today they love it at 150. Entry the hard part.
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(3:15 PM) tomthetrader: 10 contracts filled SHORT in TRADERS
(3:16 PM) eman11: Filled ES 893.75
(3:16 PM) tomthetrader: 904 stops
(3:16 PM) tomthetrader: = 896.00 cash
(3:17 PM) arak99: target for ES short? 885?
(3:19 PM) tomthetrader: 880 yes
(3:19 PM) tomthetrader: 875 by August 1st
(3:20 PM) tomthetrader: 850 By August Expiry
(3:20 PM) nimesh_: tom, how about by friday?
(3:20 PM) nimesh_: tough to guage
(3:20 PM) tomthetrader: 880
(3:20 PM) nimesh_: ok, thanks
(3:21 PM) tomthetrader: This rally was slow in coming...we got our buy signal and a target of 900 and it finally came through but timing was bad
(3:21 PM) tomthetrader: we thought it was a failed rally and shorted too soon
(3:22 PM) tomthetrader: and got stuck
(3:22 PM) tomthetrader: but still OK
(3:22 PM) tomthetrader: have a good supply of cash to see if we can work it out
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(3:23 PM) peyfaz: is this stocks
(3:23 PM) tomthetrader: http://247wallst.com/
(3:23 PM) tomthetrader: peyfaz 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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(3:26 PM) arak99: short ES 893
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(3:26 PM) tomthetrader: Good luck ..we will need it with this trend day quality
(3:27 PM) tomthetrader: if it sells off...good sign ..if it blows off to 904 BULL IS BACK
(3:31 PM) desertone: WTG Netherbow
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(3:32 PM) netherbow1: thxs - not in now tho - missed the run
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(3:33 PM) netherbow1: VIT may be worth watching
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(3:33 PM) ajayvee: the website says you made a half million on your ES short
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(3:36 PM) tomthetrader: we will go 100 % short on the close and add 25% BGZ at 3:35pm -4:00pm
(3:37 PM) tomthetrader: 25% BGZ 25% ES Futures 50% Twm
(3:37 PM) tomthetrader: 100% short in the traders account
(3:37 PM) ajayvee: I bot a GS put when GS was at HOD. The stock is down 50 cents and the put is down a 10 cents.
(3:37 PM) tomthetrader: 100% cash in Main
(3:37 PM) tomthetrader: 30% Long IRA
(3:39 PM) ajayvee: ok to add to TWM or move to BGZ?
(3:40 PM) nimesh_: nq not joing in the fun in this last push up
(3:41 PM) ajayvee: Dr J says GS may come out tonite! Didn't they do that last time?
(3:42 PM) ajayvee: knock, knock...900 is that you?
(3:43 PM) ajayvee: yes, it's me!!
(3:43 PM) TTTMichael: Entering long DXD at 3:52.
(3:43 PM) desertone: Tom do I hold the GS Aug 150 calls? or take $$$ and run
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(3:47 PM) arak99: I got stopped out at 894.25
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(3:50 PM) ajayvee: wow, BKX up 6%
(3:51 PM) tomthetrader: Take the $$$$$$$$$$$$$$ D 1 or sell 3/4 let some ride
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(3:52 PM) desertone: ok tnks Tome
(3:52 PM) desertone: Tom!!
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(3:53 PM) Freezinalberta: 37.26 filled bgz
(3:54 PM) eman11: Hey Freez me too. filled at 37.26
(3:55 PM) Freezinalberta: lets hope we make $4 per share tomorrow
(3:55 PM) ajayvee: yes, I'm shivering in my chair
(3:56 PM) hibuck2: XJZ TL .86 -.87
(3:56 PM) tomthetrader: OK
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(3:56 PM) tomthetrader: final countdown
(3:57 PM) azags: short short short my motto for the next few days
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(3:58 PM) ajayvee: yes, my Uranus is puckering
(3:58 PM) azags: yes you did but I thought it was promised by Friday
(3:58 PM) tomthetrader: moons are not aligned with my buy and sell signals
(3:58 PM) tomthetrader: Yes It was promised Friday
(3:59 PM) tomthetrader: not delivered
(3:59 PM) tomthetrader: Thomas dropped the package in Milan
(3:59 PM) azags: I called PPT and they promised they will go on vacation for a few days
(3:59 PM) tomthetrader: DIE BULLS except GILD / T
(4:00 PM) tomthetrader: Best gains in weeks Trend day confirmed ...High tick High close
(4:00 PM) tomthetrader: Poop
(4:00 PM) tomthetrader: 900 SPX +
(4:01 PM) nimesh_: complete bs by MW to pump GS 1 day before earnings
(4:01 PM) tomthetrader: he is a gem
(4:01 PM) nimesh_: she?
(4:01 PM) nimesh_:
(4:01 PM) tomthetrader: couldn't be more fun than to see GS dip to 130 tomorrow/
(4:02 PM) nimesh_: there were no sellers today
(4:02 PM) tomthetrader: just bull
(4:03 PM) tomthetrader: let us know on csx and nvls
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(4:04 PM) ajayvee: GS didn't close at HOD
(4:04 PM) ajayvee: although the Jul 150 put did
(4:04 PM) nimesh_: also MW was bullish i think on GS only, not financials, not sure of her comments
(4:05 PM) netherbow1: NVLS slipping
(4:05 PM) azags: nvls loss .52
(4:06 PM) azags: per share
(4:06 PM) netherbow1: what was concensus re NVLS ?
(4:06 PM) DE_TTT: NVLS Novellus prelim ($0.41) vs ($0.38) First Call consensus; revs $119.2 mln vs $119.22 mln First Call consensus
(4:07 PM) nimesh_: not much response in nq
(4:07 PM) DE_TTT: Guidance on bookings will be paramount
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(4:08 PM) arak99: wow .. looks the VIX collapse into the close
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(4:09 PM) arak99: dell guides lower
(4:11 PM) nimesh_: haha, they close spx at 900 exactly, imagine that
(4:12 PM) ajayvee: I have 901.05
(4:12 PM) nimesh_: sorry IB, had it at 900
(4:12 PM) ajayvee: I would be very happy with a crash tomorrow
(4:12 PM) nimesh_: not sure how they list their number
(4:13 PM) nimesh_: it lists it now as 899.93,
(4:13 PM) tomthetrader: NVLS did it's job from recommendation up 4% +\
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(4:14 PM) tomthetrader: 900SPX
(4:14 PM) tomthetrader: Dell down as much as 7%
(4:14 PM) tomthetrader: q'S FALLING SOME
(4:14 PM) tomthetrader: csx ?
(4:15 PM) tomthetrader: fed /TREASURY WANT TO HELP CIT
(4:15 PM) tomthetrader: imagine that
(4:15 PM) nimesh_: lol
(4:15 PM) tomthetrader: NFLX jumps on takeovers
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(4:16 PM) tomthetrader: BGZ took off here
(4:16 PM) tomthetrader: triple bottom
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(4:17 PM) tomthetrader: A lot of buying in BGZ at the closeing bell and after
(4:19 PM) tomthetrader: NVLS did it's job now falling ?
(4:19 PM) tomthetrader: and CSX no word
(4:20 PM) nimesh_: dell helped
(4:20 PM) tomthetrader: 45.29 GILD
(4:21 PM) tomthetrader: CSX acting well
(4:21 PM) tomthetrader: AMR a great position
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(4:21 PM) arak99: CIT moving down after close
(4:22 PM) tomthetrader: 10-1 up down volume is a new bull indicator ?
(4:22 PM) tomthetrader: 895.50 futures
(4:23 PM) tomthetrader: No sellers...but to be honest....this is not good scan news on the Tape ...Red ...do you agree ?
(4:24 PM) arak99: VIX made a big pop at 16:08 while it collapsed at 16:00
(4:24 PM) redTest: yes, need bad, really bad news to send it back down
(4:25 PM) DE_TTT: CIT CIT Group: S&P downgrades CIT to 'CCC+/C'; ratings stay on watch negative (1.35 -0.18) -Update-
(4:25 PM) DE_TTT: ^^^^^Are these guys always late to the party? ^^^^^
(4:25 PM) tomthetrader: Hate to leave on a - note but tape was perfect for the bulls ...esp off a 10% correction
(4:25 PM) tomthetrader: Credit agencies ?
(4:25 PM) nimesh_: MW selling out
(4:26 PM) arak99: We ran between S1 pivot at R3 resistance all in one day ... sure is boolish
(4:26 PM) JR Roden: Is NVLS down at 18.20? Not sure if my chart is working.
(4:26 PM) DE_TTT: NVLS conf call not until 630pm EST
(4:27 PM) tomthetrader: good job
(4:27 PM) tomthetrader: I think it is a good sign for economy ?
(4:27 PM) tomthetrader: you DE ?
(4:27 PM) tomthetrader: anyone get CSX # ?
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(4:28 PM) arak99: ES 907 tomorrow?
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(4:29 PM) DE_TTT: I thot NVLS numbers were fine...stock will snap right back unless bookings guidance is unexpectedly gloomy.
(4:29 PM) tomthetrader: I have to see 898 and 900 902 904 broken ..I don't think so but if the FTD occurs I am in a bit of trouble
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(4:30 PM) tomthetrader: SNDK big day
(4:31 PM) tomthetrader: 895 + ES
(4:32 PM) tomthetrader: 35.50 Q's
(4:33 PM) netherbow1: SQNM popping
(4:34 PM) tomthetrader: good company
(4:35 PM) tomthetrader: oil helping again in after hours
(4:35 PM) netherbow1: maybe momentum tomorrow?
(4:35 PM) tomthetrader: lower dollar and higher oil will blow bears out tomorrow if occur
(4:35 PM) tomthetrader: Yes a follow thru day would destroy our shorts
(4:36 PM) nimesh_: csx up
(4:36 PM) tomthetrader: but longs will be happy
(4:36 PM) netherbow1: oil inventories tomorrow may slow down oil
(4:36 PM) tomthetrader: the head and shoulders scare off and earnings will get bull going again
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(4:37 PM) netherbow1: CSX popping now
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(4:37 PM) tomthetrader: yep...coming out with guidance
(4:37 PM) *** Todd5566 has joined the room ***
(4:37 PM) tomthetrader: maybe dividend hike i had proposed
(4:39 PM) tomthetrader: 'UNP up big too
