(2:14 PM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(2:14 PM) Alert: Hi , Welcome to TTT
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(2:16 PM) tomthetrader: D Kass continues to short after getting stopped several times the last few days
(2:20 PM) hibuck2: $TRIN 2.01 $TRIQE 1.07
(2:20 PM) hibuck2: $PCRCO .89
(2:20 PM) Fulkdaddy: Did that post show up regarding Kass...the one I put up after Tom's?
(2:20 PM) eman11: no
(2:21 PM) ajayvee: no dave
(2:21 PM) tomthetrader: no
(2:21 PM) Fulkdaddy: Kass is pressing shorts based on the health care compromise and the bad auction
(2:22 PM) mdcully: Tom do you have a target price to sell TZA, if so what? Thanks
(2:22 PM) Fulkdaddy: Many may think the early day selloff will bounce here b/c it did it the last two days...I think it will not and we end on the lows...as the market rarely does what we think it will
(2:22 PM) tcb66: Bonds right back to pre-auction levels
(2:23 PM) tomthetrader: agree but starting to head into short term oversold ....so very dicey...should finally break down and I would rather be short than long now
(2:23 PM) tomthetrader: Agrre Dave and TCB
(2:24 PM) tomthetrader: the wild actions in the bonds is coming out a draw
redliontrader: Who is still in TZA? Eman? Hibuck? Cathy? ?
(2:25 PM) mdcully: are you guys still in TZA? and what target price your looking to sell at?
(2:25 PM) eman11: still in
redliontrader: what are you doing to manage the trade.. trailing stops?
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(2:26 PM) hibuck2: 17.13
(2:26 PM) hibuck2: break even
redliontrader: thats b/e for you
(2:26 PM) hibuck2: y
(2:26 PM) eman11: Yes, and if they don't get hit buy 3:30, I will sell from 3:30-4:00
(2:27 PM) mdcully: and what target price your looking to sell TZA at?
(2:27 PM) tomthetrader: 17.75 is our 1st target
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(2:28 PM) mdcully: ok thanks is their a 2nd target?
(2:28 PM) tomthetrader: 18.10
redliontrader: md.. FYI.. TZA was not an official room trade... some of us took it on our own, othewise we would be posting.
(2:28 PM) tomthetrader: then 18.88
(2:28 PM) bitterwind4: they could take it back to 17.15 in a heartbeat....will see
(2:29 PM) tomthetrader: yes
(2:29 PM) tomthetrader: or 17.00 retest
(2:29 PM) mdcully: ok i was already in TZA just trying to see what I should sell at
(2:29 PM) tomthetrader: to shake all bears oujt
(2:29 PM) bitterwind4: they are making staying in anything v tough
(2:30 PM) tomthetrader: this time of day is tough to look at
(2:30 PM) ajayvee: should we get in TZA if it pulls back?
(2:30 PM) tomthetrader: makes me ill
(2:30 PM) tomthetrader: we are close to reenter area aj
(2:31 PM) tomthetrader: selling should hit 3pm
(2:31 PM) tomthetrader: thomas has seiko
(2:31 PM) eman11: Stopped out of TZA 17.32
(2:32 PM) Fulkdaddy: They are faking us out here with this bump up...getting people in long so the big boys can take their money in the last hour
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(2:38 PM) azags: I keep making money on the long side with qld. While I was away from the computer, I had limit orders to buy 5000 qld at 43.8 and 10000 qld at 43.88. I then sold 5000 at 44.15 and 10000 at 44.2. I don't hang around very long
(2:38 PM) *** chuck the jeweler has joined the room ***
redliontrader: Fun with numbers... Today's New Highs thus far is 71. Our magic number to end the 5dma momentum was 55 which we easily passed. If we close around this number, tomorrows magic number moves to over 100. The bar is raised substantially
(2:43 PM) azags: with these moves you could have made money with longs or shorts. Remember that the 200 day S&P moving average just turned up after declining for about 18 months, a usually positive sign
(2:46 PM) tomthetrader: agree
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(2:47 PM) tomthetrader: red....if we close on lod will it change ....
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redliontrader: yes
redliontrader: yes
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(2:49 PM) tcb66: Crude taking out the day's low
(2:50 PM) tomthetrader: vwap.../
(2:50 PM) tomthetrader: es
(2:50 PM) ajayvee: 669.75
(2:50 PM) ajayvee: 969.75
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(2:53 PM) tomthetrader: rut to 500
(2:53 PM) tomthetrader: and tza to 20 ....
(3:01 PM) tomthetrader: Will we stay in here
(3:02 PM) tomthetrader: or will the black boxes save the day again /
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(3:02 PM) tomthetrader: -4.45 oil what a play
(3:03 PM) tomthetrader: DOLLAR strong = UUP
(3:03 PM) bitterwind4: ES is at the lower range....still holding
(3:03 PM) tomthetrader: commodities ...eco strong stocks hit hard
(3:03 PM) tomthetrader: Hate Bac
(3:05 PM) tomthetrader: IWM RUT TZA TWM ...still the best shorts here if there is TROUBLE
(3:05 PM) tomthetrader: I am going to reenter shorts very soon
(3:06 PM) tomthetrader: lots of times they will run it up "too soon" like now and have nothing for the close
(3:06 PM) tomthetrader: so let's see if we can grab some futures into the close in ES
(3:07 PM) tomthetrader: RED : any thoughts here ?
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(3:08 PM) tomthetrader: 1600 NQ was a formidable WALL ?
(3:08 PM) tomthetrader: Maybe short NQ ?
(3:08 PM) hibuck2: $PCRCO .91
(3:09 PM) tomthetrader: getting some buy signals s.t.
(3:09 PM) hibuck2: $TNX 36.64 3.66
(3:09 PM) tomthetrader: but have alot of ammo for bears
(3:09 PM) hibuck2: $TRIN 1.97 $TRIQE 1.17
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redliontrader: watching my screen shaking my head...
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redliontrader: tza 17.30 not a bad entry.. I think the market wants to drop
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(3:20 PM) tomthetrader: yes
(3:22 PM) tomthetrader: there is such a pesistent bid underneath...we couldn't hold 100 down with any news yesterday and why should we hold this ....is what i and millions are muttering
(3:22 PM) tomthetrader: persistent
(3:22 PM) tomthetrader: keep looking at my indies wondering why we should not go long on the 25% corr3ction ?
(3:22 PM) tomthetrader: 2 %
(3:23 PM) tomthetrader: Correction now from top ?
(3:24 PM) eman11: 1.4% ?
(3:24 PM) tomthetrader: GS will be hurt the worst by TRADING restrictions ...they look like they will be enacted by fall
(3:25 PM) tomthetrader: gotta have a big down day ..we have a possible HORRIBLE 7 year auction tomorrow
(3:25 PM) eman11: 982.35-968.35
(3:25 PM) bitterwind4: Will they re institute the uptick rule??
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(3:25 PM) tomthetrader: Thanks E
(3:25 PM) tomthetrader: Yes ...but not until FEB 2010
(3:26 PM) tomthetrader: GS makes a ton on commodities ..they will not disclose
(3:26 PM) bitterwind4: alway like the speed with which they act
(3:26 PM) tomthetrader: yes
(3:27 PM) tomthetrader: The YM futures are jumping 10 at a time again eating stops
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(3:29 PM) tomthetrader: C is non stop up
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(3:30 PM) tomthetrader: public wants a double
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(3:30 PM) tomthetrader: sees no risk
(3:30 PM) tomthetrader: I think it is $1
(3:30 PM) tomthetrader: now but
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(3:36 PM) tomthetrader: ENERGY BULL 3X(NYSE: ERX)
Real-Time: 30.90 2.55 (7.61%) 3:36PM EThelp BUY 25% for Traders overnight
(3:36 PM) ajayvee: should we do TZA at 17.15 again?
(3:37 PM) tomthetrader: I am going to go long oil here
(3:37 PM) tomthetrader: ERX 30.90 25 % long
(3:37 PM) tomthetrader: Traders
(3:37 PM) tomthetrader: overnight into 5 day swing on GDP + report
(3:38 PM) eman11: Jumped up to 31.10 quick, buy here or wait?
(3:39 PM) ajayvee: did you fill at 30.90 or waiting for it to get there?
(3:39 PM) sttteve: correct no way to get near the 30.90
(3:39 PM) tomthetrader: Sorry..I filled like TBT ..shoot
redliontrader: DOW AD now +
(3:40 PM) tomthetrader: ULTRA BASIC MATERIAL(NYSE: UYM)
Real-Time: 20.26 1.04 (4.88%) 3:40pm EThelp
(3:41 PM) tomthetrader: 20.23 now
(3:41 PM) eman11: % on UYM?
(3:41 PM) tomthetrader: 25%
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(3:44 PM) tomthetrader: Amazing
(3:44 PM) tomthetrader: banks took off
(3:44 PM) tomthetrader: oil
(3:44 PM) tomthetrader: tech
(3:45 PM) tomthetrader: what else do we need
(3:45 PM) ajayvee: VIX falling into the close...again
(3:45 PM) tomthetrader: Ground hogs day
(3:46 PM) eman11: TF barely moved on this last run
redliontrader: dow is going to close green
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(3:52 PM) Pete45: just came back -huu I missed ERX 30.90
(3:53 PM) Pete45: what about VlO?
(3:53 PM) *** chuck the jeweler has left the room ***
(3:53 PM) Pete45: TOM -what do you think VLO at 17.70?
(3:54 PM) hibuck2: i hv been knock off schwab about 20 times today bitter wind ru hving prblms with schwab?
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(3:55 PM) tomthetrader: Hate VLO...Like OXY and SM CHK
(3:55 PM) hibuck2: they allmost stoped me out of TZA within 2c
(3:56 PM) tomthetrader: SMALL CAP BEAR 3X(NYSE: TZA)
Real-Time: 17.25 0.23 (1.35%) 3:55pm EThelp
(3:56 PM) tomthetrader: we will hedge with TZA here 25%
(3:57 PM) PremR: huge size on bids on ES
(3:57 PM) PremR: 5000+ at 71.25
(3:58 PM) tomthetrader: stops 4% on all 3 positions
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(4:00 PM) thomas_Poland: not even 10 points range ???
(4:00 PM) ajayvee: at least nothing closed green
(4:00 PM) thomas_Poland: come on!
redliontrader: new highs 81
(4:01 PM) ajayvee: BKX up .36%
redliontrader: less than 100
(4:01 PM) ajayvee: VIX green too
redliontrader: tomorrow magic number is 105
(4:02 PM) tomthetrader: gdp
(4:02 PM) PremR: NR7 probably means we are going to get wide range in the next couple of days.
(4:02 PM) thomas_Poland: tomorrow Thursday??
