(9:04 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(9:04 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(9:04 AM) tomthetrader: the NQ futures are alive with a stop up at 1450
(9:04 AM) tomthetrader: Good Morning red
(9:05 AM) tomthetrader: Bitterwind ..thanksfor the assessment ....
(9:05 AM) tomthetrader: very knowledgeable helpful information
(9:06 AM) netherbow1: STEC worth watching - it keeps finding buyers lately
(9:07 AM) tomthetrader: Straight up ...I would probably short it today though ...running out of steam are the semis ...probably just a pause but STEC was ca powerhouse last week with the SMH soaring
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(9:10 AM) Fulkdaddy: Art Cashin - watching the Revenue line for companies
(9:11 AM) tomthetrader: been poor
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(9:11 AM) tomthetrader: eps yes ....revs no as cost cutting does the job
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(9:11 AM) Fulkdaddy: I feels like to me, there is a lot of optimism in the air this morning
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(9:12 AM) Fulkdaddy: This is when I would normally buy in years past
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(9:12 AM) Fulkdaddy: And get my butt handed to me
(9:12 AM) Fulkdaddy: Buy guys like you Tom!
(9:12 AM) tomthetrader: yes ....the pendulum is swinging
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(9:13 AM) tomthetrader: thing is ...no one has been here and so far gov't money is acting like consumer money
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(9:13 AM) tomthetrader: and it is working out world wide
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(9:14 AM) tomthetrader: so markets perceive a big economic rebound
(9:14 AM) tomthetrader: in 81 we had a double dip
(9:14 AM) azags: Hi Tom. I was away in New York for a long weekend. I took hits last week with my shorts
(9:14 AM) tomthetrader: I think the same happens here
(9:14 AM) tomthetrader: who didn't ...it was a bad week Zags for shortsa
(9:14 AM) tomthetrader: lots of pain in the shorts
(9:15 AM) tomthetrader: just a few day trade wins
(9:15 AM) tomthetrader: was the only way to make money short
(9:15 AM) tomthetrader: like fishing with a cane pole
(9:15 AM) azags: Ibd noted a confirmed uptrend after last Monday's move
(9:15 AM) tomthetrader: How was NYNY ?
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(9:16 AM) tomthetrader: IBD and GS !
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(9:16 AM) tomthetrader: looking for Bull to continue
(9:16 AM) azags: Great We saw a great show called Next To Normal
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(9:16 AM) tomthetrader: Like Isaid basically this is where we went short at in May so we haven't missed much
(9:17 AM) tomthetrader: NEXT TO NORMAL is something we all need to see /
redliontrader: Bitterwind.. I sent you an IM you need to respond plz.. thanks
(9:18 AM) bitterwind4: I did red, tks
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(9:19 AM) azags: gm
(9:19 AM) ajayvee: y
(9:19 AM) sttteve: gm
(9:19 AM) Pete45: GM
(9:19 AM) Fulkdaddy: gm
(9:20 AM) derr11: y
(9:20 AM) eman11: gm
(9:20 AM) Mel2water: gm
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(9:25 AM) netherbow1: gm
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(9:26 AM) azags: we jumped overboard rather than on board
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(9:32 AM) tomthetrader: Thanks for the kind words
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(9:33 AM) azags: Tom we always know you will come back strong
redliontrader: I have 2.25 stops for swgtg and .99 stops for qqqtl does that sound correnct group?
(9:34 AM) tomthetrader: Thanks ...so do I ...we hit 94% the week before and this last week we batted about 25 %
(9:35 AM) tomthetrader: YES on the Options
(9:35 AM) sttteve: yes correct red
(9:37 AM) tomthetrader: HOD Dow
(9:38 AM) tomthetrader: CIT was a great call long
(9:38 AM) tomthetrader: 300% move up
(9:38 AM) tomthetrader: CSCO 21.00 from our little buy area at 18+
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(9:49 AM) tomthetrader: bac still heading lower
(9:50 AM) tomthetrader: lm earnings soon
(9:50 AM) hibuck2: gm tom and all
(9:50 AM) tomthetrader: vix up
(9:50 AM) tomthetrader: hibuck
(9:50 AM) tomthetrader: how are you
(9:50 AM) hibuck2: great
(9:50 AM) hibuck2: u'
(9:51 AM) tomthetrader: better
(9:51 AM) tomthetrader: back is on the mend
(9:51 AM) tomthetrader: boys did all the yardwork ...
(9:52 AM) hibuck2: good
(9:53 AM) tomthetrader: the eagerness to own stocks still is out there
(9:53 AM) tomthetrader: 944 spx now temp support
(9:54 AM) tomthetrader: 955 res
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redliontrader: 10:am Major buy program shooting the markets up here, dow the weakest, n100 strongest so far today
redliontrader: o yeah news..
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(10:03 AM) tomthetrader: best LEI
(10:04 AM) PremR: 955 was on the futures before market opened if i am not mistaken
redliontrader: 956.23 I have as intraday high
(10:04 AM) tomthetrader: yes
(10:04 AM) tomthetrader: closing high right here
redliontrader: 6/11
(10:04 AM) PremR: so it is very possible for s&p cash to be at highs
(10:04 AM) tomthetrader: we got short at 955
(10:04 AM) tomthetrader: yes
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redliontrader: 946.30 - closing high on 6/12
(10:06 AM) tomthetrader: YES Thank you
(10:06 AM) tomthetrader: that was close ..June 7th was A/D line high
(10:06 AM) tomthetrader: I think has been a high
(10:07 AM) tomthetrader:
It's also perhaps notable that the S&P futures have had an extremely narrow-range day 6 times on July expiry. Over the next week, it was negative every time, with an average return of -1.4%, and average maximum gain during the week of +0.6% compared to an average maximum loss of -2.6%.
(10:09 AM) tomthetrader: keep your eyes open for a key reversal day and a close lower
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(10:17 AM) tomthetrader: 8-24 Johnson controls
(10:18 AM) tomthetrader: LM reports AH if they have not
(10:18 AM) jaxbrown: Tom: Do you have an entry point for DUG?
(10:19 AM) tomthetrader: DUG a good entry anywhere in here
(10:19 AM) tomthetrader: I like the hedge of DUG
(10:19 AM) ajayvee: Naz A/D +692 Vol +3.7:1
(10:19 AM) tomthetrader: as I do not think this market can hold on
(10:19 AM) ajayvee: NYSE A/D +1358 Vol +2.4:1
(10:20 AM) ajayvee: RUT A/D +611 Vol +5.5:1
(10:21 AM) tomthetrader: QID is a good 3 day add up here
(10:22 AM) tomthetrader: lm
(10:23 AM) tomthetrader: BSX
(10:23 AM) tomthetrader: SY
(10:23 AM) tomthetrader: WERN
(10:23 AM) tomthetrader: TUESDAY;
(10:24 AM) tomthetrader: KO
(10:24 AM) tomthetrader: SHORT
(10:25 AM) tomthetrader: CAL
(10:25 AM) tomthetrader: AMR
(10:26 AM) tomthetrader: MRK
(10:26 AM) tomthetrader: GILD
(10:26 AM) tomthetrader: AAPL
(10:27 AM) tomthetrader: WED;
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(10:27 AM) tomthetrader: PEP
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(10:27 AM) tomthetrader: STJ
(10:27 AM) tomthetrader: REALLY ;LIKE STJ
(10:28 AM) JR Ohio: For a short play?
(10:28 AM) tomthetrader: WELLS FARGO WFC
(10:28 AM) Fulkdaddy: STJ chart looks good!
(10:28 AM) tomthetrader: STJ
(10:28 AM) Fulkdaddy: STJ earnings has also held up well in the last year
(10:29 AM) tomthetrader: T
(10:29 AM) tomthetrader: BUY
(10:29 AM) Pete45: TOM VLO in your buy list -right?
(10:29 AM) tomthetrader: YES
(10:29 AM) Pete45: tks
(10:29 AM) tomthetrader: VLO TSO
(10:29 AM) tomthetrader: VLO QUALITTY
(10:30 AM) tomthetrader: BG
(10:30 AM) tomthetrader: AG PLAY
(10:30 AM) tomthetrader: CME GROUP
(10:31 AM) tomthetrader: DBA
(10:32 AM) tomthetrader: DAG MAIN
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(10:35 AM) ajayvee: Naz A/D +500 Vol +2:1
redliontrader: DOW a/d -
(10:36 AM) ajayvee: NYSE A/D +1050 Vol +1.9:1
(10:36 AM) tomthetrader: YEP....KEY REVERSAL DAY IF FULFILLED
redliontrader: n100 a/d -
(10:36 AM) tomthetrader: ONLY A 24% CHANCE OF ENDIN +
(10:36 AM) ajayvee: RUT A/D +290 Vol +3.57:1
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(10:36 AM) ajayvee: all A/D's trending down
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redliontrader: NYSE is today's strength
(10:42 AM) tomthetrader: YES...AND THAT MAY NOT LAST INTO 2:00PM
(10:42 AM) tomthetrader: 938 es
(10:42 AM) tomthetrader: THE gOLDMAN gAP MAY GET HEADLINES
(10:43 AM) tomthetrader: Meaning GS goes Bull and market declines ?
(10:43 AM) tomthetrader: key reveral from the highs of rally
(10:43 AM) tomthetrader: AAPL quite a run
(10:43 AM) tomthetrader: ending with earnings ?
(10:43 AM) Alert: See the spacewalk on the 40th anniversary of man's landing on moon LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(10:43 AM) tomthetrader: GOOG got whacked
(10:43 AM) thomas_Poland: today or tomorrow should be end of this rally .. at least for a week or so
(10:44 AM) thomas_Poland: but i do not think we will go lower than 8th July low
(10:44 AM) tomthetrader: Thomas..How are you ?
(10:44 AM) thomas_Poland: I am fine .. I had vacation last week
(10:44 AM) tomthetrader: good to see you
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(10:44 AM) thomas_Poland: so i was very very quiet as I was only looking at market for hour or so daily
(10:44 AM) thomas_Poland:
(10:44 AM) tomthetrader: you missed nothing but pain last week
(10:44 AM) thomas_Poland: hard to trade after few beers
(10:45 AM) thomas_Poland: yes .. I saw this
(10:45 AM) thomas_Poland: did not expect such a rally
(10:45 AM) tomthetrader: Great to see you back
(10:45 AM) thomas_Poland: good to be back
(10:45 AM) thomas_Poland:
(10:45 AM) tomthetrader: 10% Opex rally is a NIGHTMARE
(10:45 AM) thomas_Poland: I am addicted to market
(10:45 AM) derr11: Article in this months Wired says the DOJ may file anti trust against GOOG
(10:45 AM) tomthetrader: except for call buyers
(10:46 AM) thomas_Poland: yes but week before was nightmare for call buyers
(10:46 AM) tomthetrader: BIDU next to get hit ?
(10:46 AM) thomas_Poland:
(10:46 AM) thomas_Poland: they f...d both
(10:46 AM) DE_TTT: Hello TP !
(10:46 AM) thomas_Poland: hello
(10:46 AM) tomthetrader: yes....only DEEEEEEEEEEEEEEP pockets have survived or those just playing small positions
(10:47 AM) thomas_Poland: Atilla f...d
(10:47 AM) thomas_Poland: but I am sure he micromanaged position
(10:47 AM) tomthetrader: You guys think the Zweig double 10-1 up down volume indicator will get us another 40% run in ES
(10:47 AM) thomas_Poland: this is incredible but Carl was good last few weeks
(10:47 AM) thomas_Poland: yes
(10:47 AM) thomas_Poland: up
(10:48 AM) Todd5566: It seems like everything is heading the way I predicted friday morning
(10:48 AM) tomthetrader: down and down ?
(10:48 AM) tomthetrader: you were right Todd /
(10:49 AM) Todd5566: friday, monday, flat/small rally tuesday down
(10:49 AM) tomthetrader: EWZ Brazil is really a country in good shape
(10:49 AM) tomthetrader: Good call
(10:50 AM) Todd5566: I wish I was right or I am seriously thinking stop trading for 3 month, lost big last week
(10:51 AM) Todd5566: need to clear up my gambling mind
(10:52 AM) tomthetrader: ye[p anyone who was short and sold lost money
(10:52 AM) tomthetrader: lots like to hold and others just punt
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(10:55 AM) tomthetrader: we will short CSCO here 4000 shares
(10:55 AM) tomthetrader: please give fills
(10:56 AM) tomthetrader: 10:56 am CSCO short 4000 sh
(10:56 AM) tomthetrader: day trade
(10:57 AM) dhmohan1963: tom look at GMCR and coffee producers what do you thing another leg up
(10:57 AM) tomthetrader: 20.92-20.87
(10:57 AM) dhmohan1963: broke thru with very good volume
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(10:57 AM) tomthetrader: GMCR is the best of the roasters
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redliontrader: The tightest trading range put in for the previous seven days is known as NR-7, and trading the day after such a day can provide good percentage trades. When the market gaps up after an NR-7 day, a fade off the open has an 85% success rate
(11:11 AM) sttteve: my avg price short CSCO 20.90
(11:15 AM) tomthetrader: Thank you Steve
(11:16 AM) tomthetrader: I am looking at CYOU to short here
(11:16 AM) tomthetrader: also
(11:16 AM) tomthetrader: 2000 shares
(11:16 AM) tomthetrader: anyone trade that CYOU chinese name ?
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(11:25 AM) eman11: I am not famaliar with CYOU, what don'y you like about it?
(11:26 AM) tomthetrader: stec
(11:26 AM) tomthetrader: and CYOU are 40-50% overvalued but keep running ...momo trades
(11:26 AM) dhmohan1963: i asked you about buying it at 30 and you did not like it then
(11:26 AM) tcb66: Aruj - Any read on the bonds today?
(11:27 AM) tomthetrader: Yes ...I like it even worse now
(11:27 AM) dhmohan1963: i am ok with that
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(11:30 AM) eman11: I just checked through fidelity and STEC and CYOU cannot be shorted (at least through fidelity)
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(11:35 AM) tomthetrader: thank you
(11:35 AM) tomthetrader: CSCO stops at 21.25
(11:35 AM) tomthetrader: BAC and C acting horrible
(11:37 AM) arujunaa: tcb: i am core long (50%) with ave price: 116.8125 - so i'm underwater. i will use any more strength to sell 25% at least today or tomorrow. there are some positives for this week (deal pricings, fed buybacks in 10s & 30s, and potentially tomorrow's bernanke testimony). but next week, we see supply pick up again. for today, watch 116.625 on tyu. if it holds, we will drift back down.
(11:39 AM) tomthetrader: DUG 18.15 area pretty good still
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(11:45 AM) tcb66: thx Aruj....the seasonal patterns seems to favor a move up in bonds but my big concern is that if 2003 repeats and this is the start of another leg up in stocks then the rates should rise as they did in mid-2003 after the stock rally got some legs.
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(11:53 AM) arujunaa: yes. there is alot of "good news" out there. i don't buy it. but i can be wrong for sometime which makes the "staying solvent" thing a priority! i am looking for this down move to end somewhere around 114/115, but we can rally to 117.50 first which is why i am long. but i don't feel comfortable with a 50% position given the price action.
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(12:06 PM) tomthetrader: agree....last time we had this much good news was in the middle of the last bull market
(12:06 PM) tomthetrader: bonds actaully did OK after 2004 and 2005
(12:07 PM) tomthetrader: this is the last time we got these type + data points
redliontrader: noon time buyers again like on thursday and friday
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(12:08 PM) tomthetrader: yes...public getting in with both hands in momentum s tocks
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(12:09 PM) tomthetrader: it is working out here
(12:10 PM) tomthetrader: all indices within 1% of new post crash highs
(12:11 PM) Fulkdaddy: On the hourly ES, the indicators: MACD, STo, RSI are loosing momentum.
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(12:11 PM) tomthetrader: should roll over soon ...earnings tomorrow a.m. and Bernanke may take the punch bowl away /
(12:11 PM) tomthetrader: M2 dropping fast
(12:11 PM) tomthetrader: meaning FED is already tightening?
(12:12 PM) Fulkdaddy: great observation, Tom
(12:12 PM) tomthetrader: KO CAL MRK in the A.m. good broaDE SECTORS TO PLAY
(12:13 PM) tomthetrader: IF THEY DON'T BEAT AND MEET IT COULD BE A VICIOUS tURNAROUND tuesday
(12:13 PM) tomthetrader: 155 AAPL
(12:13 PM) tomthetrader: earnings tomorrow pm
(12:13 PM) tomthetrader: and GILD ready to break out on earnings
(12:17 PM) tomthetrader: Look at the run in UNP
(12:20 PM) tomthetrader: Roubini on CNBC with maria at 4:15pm
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(12:24 PM) Pete45: I think I see inverted H&S for GILD
(12:25 PM) tomthetrader: yes from April to now ..I agree
(12:26 PM) Pete45: yep
(12:26 PM) tomthetrader: target 54.00
(12:26 PM) tomthetrader: ESLR is reaching our targets from the 1.90 area
(12:32 PM) tomthetrader: market is acting extremely well
(12:32 PM) csu30: Short CSCO 21.18
(12:33 PM) tomthetrader: maybe this last runup is it Criag /
(12:33 PM) tomthetrader: Craig ?
(12:34 PM) tomthetrader: 12.25 bac short target 2 hit from 13.41
(12:41 PM) csu30: Yes one more runup but my indicators suggest the market's getting "heavy"
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(12:42 PM) csu30: CYOU nearing HOD
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(12:42 PM) tomthetrader: pretty impressive run ...no matter what happens today is another 1st !
(12:43 PM) tomthetrader: right on RUT hod
(12:43 PM) tomthetrader: HOY
(12:43 PM) tomthetrader: IWM 55.00 is really the bottom line in the overall BULL
(12:44 PM) tomthetrader: back to the Novem,ber runup
(12:44 PM) tomthetrader: 55.00 IWM< Breakout for several months
(12:49 PM) hibuck2: $PCRCO .67
(12:49 PM) hibuck2: $SPX 947.09
(12:49 PM) hibuck2: $RUT 524.78
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(12:49 PM) bitterwind4: long EDZ here.80 ....world is on coolaid
(12:49 PM) hibuck2: $TNX 36.39 3.63
(12:50 PM) hibuck2: $TRIN 1.16
(12:50 PM) hibuck2: $TRIQE .52
(12:50 PM) hibuck2: NYSE A/D +1535
(12:51 PM) Fulkdaddy: A/D strong...P/C low
(12:53 PM) Fulkdaddy: Are we close to a TTT buy or sell signal?
(12:53 PM) tomthetrader: IS this a Major market top or a launching leg # 2
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(12:54 PM) tomthetrader: MOO
(12:54 PM) tomthetrader: COW
(12:54 PM) tomthetrader: GRU
(12:54 PM) tomthetrader: all will be added on weakness
(12:55 PM) tomthetrader: our STAGFLATION HEDGE
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(1:11 PM) tomthetrader: MOO GRU COW
(1:13 PM) rjllanas: think a good time to short etn
(1:14 PM) tomthetrader: as good aS ANY ...ALL ODDS SEEM TO FAVOR SHORT
(1:14 PM) tomthetrader: BGZ EDZ TZA BUT WE HAVE BEEN HERE BEFORE AND BUYERS KEEP ROLLING IN
(1:14 PM) tomthetrader: i CAN'T SAY SO I AM HEDGED
(1:14 PM) rjllanas: 91% drop in profit reported
(1:14 PM) thomas_Poland: Tom what Ned Davis says about market now ?
(1:15 PM) tomthetrader: LONG TERM WE HAVE A bUY NOW SHORT TERM A SELL
(1:15 PM) tcb66: Bonds seem to be anticipating a selloff in the indices
(1:15 PM) tomthetrader: AGREE
(1:15 PM) tomthetrader: Ned davis feels we are topping
(1:15 PM) tomthetrader: But that was before the breadth thrust
(1:16 PM) thomas_Poland: thanks
(1:16 PM) tomthetrader: last weeks zweig buy was like nov march
(1:16 PM) tomthetrader: you know what happened then
(1:16 PM) tomthetrader: both HUGE
(1:17 PM) thomas_Poland: on 5 min it looks like we make cap and handle again
(1:17 PM) tomthetrader: career moves off both lows and zweig buys
(1:17 PM) thomas_Poland: how much higher can we go ?
(1:17 PM) thomas_Poland: 950 today?
(1:17 PM) tomthetrader: 1050 is target
(1:17 PM) tomthetrader: 944 support 955 res
(1:20 PM) tomthetrader: C and BAC are crashing
(1:20 PM) tomthetrader: and no one cares
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(1:29 PM) nimesh_: July 20 (Bloomberg) -- U.S. taxpayers may be on the hook for as much as $23.7 trillion to bail out financial companies, according to Neil Barofsky, special inspector general for the Treasury's Troubled Asset Relief Program.
(1:29 PM) csu30: Tom, still looking at CYOU as a short?
(1:29 PM) nimesh_: http://www.bloomberg.com/apps/news?pid=20601087&sid=aQEI97EY.fs0
(1:29 PM) bolband: not tax payers, GHOST payers
(1:31 PM) futuresfun1: need the transports to dump would get a nice sell off
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(1:34 PM) DE_TTT: European Markets Closing Prices: FTSE: 4443.6 +54.9 +1.3%, DAX: 5030.2 +51.8 +1.0%, CAC: 3270.9 +52.5 +1.6%
(1:36 PM) Fulkdaddy: Thanks, Nimesh
(1:44 PM) tomthetrader: yes cyou short
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redliontrader: lowry hanging out there! It seems like their entire reputation is on the line with that call.
(1:48 PM) tomthetrader: yes
(1:48 PM) tomthetrader: Trim taBS Lowrys
(1:48 PM) tomthetrader: and the other usual suspects
(1:48 PM) tomthetrader: Cramer has actually been on a roll .
(1:48 PM) tomthetrader: don't boo
(1:49 PM) tomthetrader: but you have to give him some credit for the last 10%
redliontrader: the P/C ratios are too bullish?
(1:49 PM) tomthetrader: GLW : a great stock pick that I did not hang with...another broken rule
(1:49 PM) tomthetrader: YES
(1:50 PM) tomthetrader: and the P/C's are the final nail in the coffin usually
(1:50 PM) tomthetrader: and is usually where you get KEY REVERSALS from
(1:54 PM) tomthetrader: VIX keeps rising as puts being bought ?
(1:54 PM) tomthetrader: with horrible P/C ?
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(1:54 PM) tomthetrader: weird toppy market
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(1:57 PM) arujunaa: just took profits on tyu9 at 117.093 (cost 116.81). flat now
(1:57 PM) arujunaa: tcb: strong resis at 117.3125. i may try a short there
(1:58 PM) rjllanas: short cyou
(1:59 PM) tomthetrader: this stock market is due for a quick 1-3% corrction and bonds should do well short term
(1:59 PM) tomthetrader: TLT
(1:59 PM) tomthetrader: long
(2:02 PM) tomthetrader: KO CAT should be 1st big misses
(2:07 PM) tomthetrader: hang in there
(2:09 PM) nimesh_: tom, we have a ttt sell, right?
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(2:23 PM) Fulkdaddy: yes, Nimesh
(2:25 PM) Fulkdaddy: Die bulls!
(2:26 PM) tomthetrader: 1-5 dqay sell
(2:26 PM) tomthetrader: 1-5 day sell int long term buy
(2:27 PM) tomthetrader: after last weeks BREADTH THRUST
(2:27 PM) tomthetrader: 1-3% quick correction shoulkd occur any second not minute ?
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(2:28 PM) Fulkdaddy: Kass said all his hedge fund cabal do not want to be short...makes him say hmmmm???
(2:28 PM) Fulkdaddy: I think this makes him want to fade it
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(2:29 PM) tomthetrader: quick intraday reversal with a 1% negative close then another 2% over two dYS
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(2:29 PM) thomas_Poland: I think that top will be tomorrow morning
(2:30 PM) thomas_Poland: for turnaround tuesday
(2:30 PM) nimesh_: big earnigs tonight?
(2:31 PM) tomthetrader: JUST lm FOR US
(2:31 PM) tomthetrader: Legg mason
(2:32 PM) tomthetrader: 525.00 Rut
(2:32 PM) tomthetrader: can't believe we bought 342 in March
(2:32 PM) bitterwind4: TZA EDZ TWM no traction
(2:32 PM) tomthetrader: just cannot get a seller or two in a row !
(2:32 PM) tomthetrader: bull will not let in
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(2:34 PM) bitterwind4: EDZ still off almost 10% one day...no bounce....10% seems way oversold
(2:35 PM) tomthetrader: is aapl showing a little weakness...all 4 horsemen soaring
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redliontrader: r2000 a/d line weakest.. need the NYSE a/d line to falter.. been a rock today
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(2:56 PM) bitterwind4: RUT at 50% retrace on the day
(3:01 PM) ajayvee: Naz A/D +500 Vol +2.4:1
(3:01 PM) ajayvee: NYSE A/D +1350 Vol +2.4:1
(3:01 PM) ajayvee: RUT A/D +350 Vol +3:1
(3:03 PM) tomthetrader: amazing
(3:03 PM) tomthetrader: hod
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redliontrader: +1000 tick
(3:04 PM) tomthetrader: 1991 was last time Naz went 10 days
(3:05 PM) tomthetrader: 3rd cshot at r2
(3:07 PM) hibuck2: $TICK +1022.00
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(3:07 PM) tomthetrader: amazing...Zweig buy signal says don't worry just buy
(3:07 PM) tomthetrader: HOD
(3:08 PM) tomthetrader: are we on the start of a Bull run like 81 and 83 ....
(3:09 PM) tomthetrader: odds are increasing every minute
(3:09 PM) hibuck2: $PCRCO .68
(3:09 PM) tomthetrader: Paul Volcker is a amazing maestro ...can get another 100 % rally ?
(3:10 PM) hibuck2: $TNX 35.85 3.58
(3:10 PM) hibuck2: $TRIN 1.12 $TRIQE .40
(3:10 PM) tomthetrader: very bullish
(3:10 PM) tomthetrader: AAPL selling off
(3:10 PM) hibuck2: NYSE A/D +1692
(3:10 PM) tomthetrader: is only bearish with C and BAC
(3:11 PM) hibuck2: $SPX 950
(3:11 PM) hibuck2: $RUT 525.22
(3:12 PM) hibuck2: INTC looks weak
(3:12 PM) tomthetrader: was hoping for a down day to get good fills but we are getting lousy fills ..
(3:13 PM) tomthetrader: 47 min to another historic day
(3:13 PM) tomthetrader: new closing highs in all 4 major indices
(3:13 PM) tomthetrader: RUT ?
(3:13 PM) tomthetrader: 525
(3:14 PM) tomthetrader: 38.00 Q's exact double from the lows
(3:15 PM) tomthetrader: was this whole crisis engineered by the NEW WORLD ORDER ?
(3:16 PM) tomthetrader: 80 ES in 2 weeks
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redliontrader: These are the VWAP pricing thus far for our longs:
(3:29 PM) hibuck2: tom we broke all the closes on DJI in june but not the intraday high of 8877.93 do we think it means anything?
redliontrader: GILD:47.73, stj:38.93, mrk:27.75, rga:36.13, Zf:2.83, dba:24.50
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(3:31 PM) bitterwind4: bought some tza
redliontrader: for MAIN VLO:17.69, SM:22.64, WFC:25.64, DAG:8.87
redliontrader: DAG 8.67 - correction
(3:34 PM) hibuck2: I bought QID early am been at profit then even and loss now back to even ! now loss
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(3:39 PM) tomthetrader: DYY has reall y taken off
(3:40 PM) tomthetrader: AJ still owns ?
(3:40 PM) tomthetrader: DYY many were into
(3:40 PM) tomthetrader: DAG
(3:40 PM) ajayvee: nope, that's why it took off
(3:40 PM) tomthetrader: DBA
(3:40 PM) DE_TTT: Tech EPS...Today=TXN...Tuesday=AMD,AAPL,ATHR,LLTC,QLGC,STX,YHOO...Weds=CTXS,EBAY,FFIV,QCOM,SNDK,VMW,SWKS
(3:41 PM) tomthetrader: Thank you DE
(3:41 PM) tomthetrader: look at BG
(3:42 PM) DE_TTT: Thurs=EMC,AMZN,BIDU,BRCM,JNPR,MCHP,WFR,MSFT,PMCS,RMBS,KLAC,RFMD,STAR,RVBD....Friday=ERIC
(3:42 PM) tomthetrader: 38.00 q's
(3:43 PM) JR Ohio: DIA testing the 13 EMA on the 5 min chart once again.
(3:45 PM) azags: what are you expecting from txn?
(3:46 PM) DE_TTT: TXN was pretty bullish about calling bottom and turn during mid-qtr update. I'd be surprised if it's not more of the same.
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(3:48 PM) DE_TTT: TXN is up about 20% since that update on June 8th.
(3:51 PM) hibuck2: no sell off for today
(3:53 PM) DE_TTT: TXN Guidance on June 8th....Revs=$2.3-2.5 Billion...EPS=$0.14-0.22
(3:53 PM) nimesh_: has dollar hit june lows?
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(3:59 PM) Fulkdaddy: Closing above Bensignor's 946
(3:59 PM) Fulkdaddy: He said to buy 5% long SPY if this happened
(4:00 PM) arujunaa: with this mini-bond selloff, i may look to go long overnight. not sure yet. bernanke testifies tomorrow but i think it may be a non-event. something for everyone. my upside target for the mini-rally was hit today, so i should be short right now, but instead i am flat given the lack of direction. 116.56 on tyu will be first support
(4:00 PM) Fulkdaddy: RUT leads and banks lag
(4:01 PM) nimesh_: txn ramped up at the end
(4:02 PM) tomthetrader: Phenomenal
(4:03 PM) tomthetrader: KO CAT will miss
(4:03 PM) Fulkdaddy: Lets hope TXN misses
(4:03 PM) tomthetrader: They will on Revs
(4:03 PM) tomthetrader: they will beat EPS
(4:03 PM) Fulkdaddy: X is up 30% in 6 days!
(4:04 PM) DE_TTT: LM Legg Mason prelim $0.35 vs $0.22 First Call consensus
(4:04 PM) DE_TTT: LM Legg Mason prelim revs $613.1 mln vs $612.34 mln First Call consensus
(4:05 PM) Fulkdaddy: LM up big
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(4:06 PM) tomthetrader: YES ....OH MY
(4:07 PM) nimesh_: txn als up AH
(4:08 PM) tomthetrader: Bull Is Back
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(4:09 PM) tomthetrader: Remember you can buy this market now and still get the rally ...ask Red about march ...we were in March 9th and a signal wasn't given till almost 3 weeks later and still up 40%
(4:09 PM) nimesh_: all the companies are beting eps, but barely beating or missing revs
(4:09 PM) tomthetrader: so don't be afraid to buy dips now
redliontrader: what dips?
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(4:10 PM) Fulkdaddy: Dr. Doom is next
(4:10 PM) Fulkdaddy: on CNBC
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(4:11 PM) tomthetrader: no dips in last 6 days for saure last 10 in QQQQQ
(4:12 PM) bitterwind4: Talked with redeveolpment Agency head of San Jose today. Harry Mavrogenis....Silicon Valley. Worst business climate he has seen in his 30 years. go figure. Vacancy rate is going up.
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(4:14 PM) tomthetrader: read my blog about biggest bull markets ....Dr M Zweig Winning on Wall Street...just when things are the worst are the biggest bulls all the rest of the time goes nowhere
(4:14 PM) tomthetrader: all time proven indicators that keep you in Bulls and out of trouble
(4:14 PM) tomthetrader: we will be OK
(4:15 PM) tomthetrader: right back to where we were in June 9th
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redliontrader: I'll send an update Zweig 4% and Breadth Thrust mail tonight..
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(4:20 PM) tomthetrader: thanks
(4:20 PM) tomthetrader: LM is really a great recommendation we have pitched for months
(4:21 PM) tomthetrader: I hope you all took it ...I could not push it harder than I did w/o SEC trouble
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(4:22 PM) Fulkdaddy: No TXN
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(4:22 PM) tomthetrader: INTC down
(4:22 PM) eman11: CSCO down AH
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(4:23 PM) tomthetrader: may have EXHAUSTED SOME TECH ..were acting tired on and off
(4:23 PM) Fulkdaddy: Like him or hate him, Roubini is a smart Cookie
(4:24 PM) Fulkdaddy: Roubini: stay out of risky assets
(4:24 PM) Fulkdaddy: march lows will hold
(4:25 PM) Fulkdaddy: b/c they priced in depresssion
(4:25 PM) nimesh_: did txn give guidance?
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(4:25 PM) Fulkdaddy: I have seen nothing on TXN
(4:26 PM) Fulkdaddy: Tom, is that you singing?
(4:26 PM) tomthetrader: Yes...seee practice
(4:26 PM) Fulkdaddy: Nice!
(4:26 PM) tomthetrader: I am getting better
(4:27 PM) tomthetrader: market timimg off but singing like Elvis now
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(4:30 PM) hibuck2: TXN 2.46 b
(4:30 PM) Fulkdaddy: TXN dropping
(4:30 PM) nimesh_: txn dropped
(4:30 PM) hibuck2: .20
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(4:31 PM) DE_TTT: TXN Texas Instruments prelim $0.20 vs $0.18 First Call consensus; revs $2.46 bln vs $2.41 bln First Call consensus
(4:31 PM) hibuck2: no gaap .25
(4:31 PM) nimesh_: probably just the initial reaction and now will bounce up
(4:31 PM) DE_TTT: Conf Call at 5:30pm EST
(4:31 PM) hibuck2: all futures down
(4:32 PM) DE_TTT: TXN Texas Instruments sees Q3 EPS of $0.29-0.39 vs $0.27 First Call consensus; sees revs $2.5-2.8 bln vs $2.52 bln First Call consensus
(4:32 PM) nimesh_: what u think DE, good report?
(4:32 PM) DE_TTT: Very strong guidance imho
(4:32 PM) nimesh_: ok, thanks
(4:33 PM) Fulkdaddy: bummer!
(4:33 PM) DE_TTT: Means good margins, low inventory, etc. They will probably be bullish on the conf call.
(4:33 PM) Fulkdaddy: Good call on the bounce Nimeash
(4:34 PM) nimesh_: thanks
(4:34 PM) DE_TTT: They recognize Revenues on sell-in, not sell-through so could be just re-stocking...but numbers will go up tomorrow.
(4:34 PM) Fulkdaddy: The fact that TXN is not selling off after the big runup the last 6 days is big time bullish
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(4:35 PM) tomthetrader: very ..and like DE reports the best is yet to come
(4:35 PM) tomthetrader: 25.00 /
(4:36 PM) tomthetrader: and that is the weak sister
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(4:36 PM) tomthetrader: We best pay more atttention to MR CHIPS
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(4:38 PM) tomthetrader: LM is my retirement ...it needs to stay above 25.00 and peg out at 44.00 buy 2020
(4:38 PM) tomthetrader: ES breakout and break down tomorrow ?
(4:38 PM) tomthetrader: fake everyone pout ?
(4:39 PM) tomthetrader: H and S turns Inverse
(4:39 PM) tomthetrader: blasts off and fakes all out ?
(4:40 PM) DE_TTT: TXN -- Internal and Channel inventories down from last quarter.
(4:41 PM) tomthetrader: Eric Bolling slamming roubini bad
(4:41 PM) tomthetrader: Saying if he has the stones he would be long !
(4:42 PM) tomthetrader: Bolling kiling Roubini
(4:42 PM) dhmohan1963: LM you have not recomended lately or you have i missed
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(4:43 PM) Fulkdaddy: Where is Bolling hitting him?
(4:44 PM) Fulkdaddy: Fox business?
(4:44 PM) tomthetrader: Yes
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(4:44 PM) tomthetrader: killing him
(4:44 PM) tomthetrader: LM I have recommended at least 1x per day for 7 years ...I think ...
(4:45 PM) tomthetrader: I know I mentioned LM every day last week and the week before
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(4:47 PM) tomthetrader: I cannot represent holding LM due to my position with them
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(4:47 PM) vasilliki: hi room
(4:47 PM) tomthetrader: but I caN recommend ...hundreds of our membersown it ...I amsure many here
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(4:58 PM) Alert: The lastest on Iran LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
(5:08 PM) eman11: Tom has been reccommending LM every since I joined about 3.5 months ago
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(5:36 PM) Alert: The lastest on Iran LIVE NOW on News Talk Online in the Radio/TV Section [Free Video]
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(6:14 PM) Alert: ====SECURITY BULLETIN!=======
Using utilites from third parties such as button holders, remote typers, etc ... are at risk of having their passwords stolen!
Many of these utilities contain trojans that report your nickname and password to the program's creator. We encourage everyone to change their password reguarly, and to uncheck the save password checkbox on the login screen.
If you do this, you will have to enter your password every time you log in, but it is a small price to pay to keep your account and password protected.
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