(7:30 AM) netherbow1: good morning
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(8:10 AM) tomthetrader: Good Morning !
(8:13 AM) sttteve: gm
(8:14 AM) netherbow1: why did the futures reverse ? any news?
(8:15 AM) tomthetrader: I did not see any ...very active ...I just assume it was people getting in to work and shorting
(8:15 AM) netherbow1: thxs
(8:16 AM) tomthetrader: went from a nice uptrend to a selloff and should drag into the open ...we will likely give back that 45 points of ill gotten gains yesterday in the Dow
(8:17 AM) tomthetrader: we should have never been up ...but we will give it back quick as everyone shakes eeach other out
(8:17 AM) tomthetrader: very low volume and indeceision
(8:17 AM) tomthetrader: NO ONE KNOWS
(8:17 AM) tomthetrader: so everyone skittish
(8:17 AM) tomthetrader: so we just roll with it here
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(8:22 AM) Freezinalberta: good mornin from Alberta, Canada
(8:23 AM) tomthetrader: Good morning
(8:23 AM) tomthetrader: any walleye fishing up there /
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(8:24 AM) Freezinalberta: Walleye, trout, pike,perch, beer
(8:24 AM) tomthetrader: all a great catch ....
(8:25 AM) Freezinalberta: even some nice skirts
(8:26 AM) Freezinalberta: usd down to canada dollar, commodities up tsx up dow up?
(8:26 AM) azags: what bait do you use to catch the skirts?
(8:27 AM) Freezinalberta: as my papi used to say, candy's dandy but liquor is quicker
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(8:27 AM) netherbow1: lol
(8:27 AM) azags: I got out of all my dug yesterday at 21.25
(8:27 AM) Freezinalberta: or you could always use a one eyed worm in a turtle necked sweater
(8:29 AM) Freezinalberta: or bite em with your trouser snake
(8:30 AM) azags: I am anicipating further weakness short term but at the end of the month if the S&P doesn't collapse the 200 day moving average may turn up and that typically is correlated with a good move up in the S&p
(8:31 AM) tomthetrader: earnings ...earnings ..earnings .....volatility will come back if no guidance
(8:31 AM) Freezinalberta: any predictions for today?
(8:31 AM) Freezinalberta: high am close lower pm?
(8:32 AM) tomthetrader: probabaly give back yesterdays gains
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(8:32 AM) tomthetrader: we have one thing that is clear ...no one keeps a profit for ery long unless they lock it in
(8:33 AM) tomthetrader: and this market will make you sell or buy too often
(8:33 AM) azags: I am still short but hedged
(8:33 AM) Freezinalberta: I'll take any small gain these days with the volatility
(8:34 AM) azags: The major turn dates are around July 17 which may be a low in this correction plus or minus a few days
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(8:35 AM) azags: I had a profit in dug and ran for the exit yesterday
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redliontrader: gm all
(8:41 AM) Freezinalberta: heh red
redliontrader: What happend at 8am this morning?
redliontrader: No econ news today..
redliontrader: for our brothers up north you have building permits at 8:30 and Ivey PMI @ 10:00 est
(8:44 AM) azags: Red I called all the exchanges this am and told them I am short so they accomodated me
redliontrader: great keep it up!
(8:45 AM) tomthetrader: Traders got to work and remembered the Head and shoulders pattern !
(8:45 AM) Freezinalberta: minister of finance predicts 85 b deficit, economists predict 170 b deficit in canada
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(8:49 AM) redTest: I learned to sail with a Canadian businessman that gave me the divide by 10 formula for scaling Canadian data. That is the population is about 1/10 and the econ data is about 1/10.. so our defecit this year in the US will be 1Trillion so a 100B defecit works perfect!
(8:57 AM) Freezinalberta: 10 to one in population also
(9:02 AM) redTest: yes,, it doesn't work for all things like hat sizes, land mass or gun deaths.. but pretty handy sometimes
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(9:14 AM) hibuck2: gm
(9:14 AM) ajayvee: g'mornin
(9:15 AM) azags: y
(9:15 AM) derr11: good audio
(9:15 AM) richardt_5: GM
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(9:17 AM) billbTN: y
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(9:17 AM) azags: Is that the "Ides of June"?
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(9:18 AM) hibuck2: Credit Card Delinquency record highs
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(9:21 AM) azags: edz
(9:21 AM) DE_TTT: edz
redliontrader: edz = 3x bear emerging markets
(9:21 AM) azags: It is a very violent sport
redliontrader: edc = 3x bull emerging markets
(9:23 AM) derr11: 14.51/14.55
(9:25 AM) Freezinalberta: are we going to liquidate our holdings this am?
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redliontrader: Looking to ADD EDZ 25% into traders (4K shares) around 14.50
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redliontrader: 14.50 filled EDZ
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redliontrader: 8% Stops on all other holdings
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(9:31 AM) billbTN: long es from this morning 985
(9:31 AM) billbTN: yep
(9:31 AM) tomthetrader: 885
(9:32 AM) billbTN: ohhhh duuuuhhh
(9:32 AM) tomthetrader: tf futures short
(9:33 AM) tomthetrader: tza
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(9:33 AM) tomthetrader: thanks
(9:34 AM) billbTN: 895 is where i'm long
(9:34 AM) billbTN: sorry
(9:34 AM) billbTN: can't type before my 2nd coffee
(9:35 AM) Freezinalberta: edz filled at 14.51 at opening
(9:36 AM) eman11: Short TF now?
(9:36 AM) derr11: EDZ filed @14.50
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(9:37 AM) eman11: EDZ 14.53
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(9:40 AM) hibuck2: talking GLW on CNBC
(9:42 AM) derr11: good or bad news on GLW ?
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(9:43 AM) eman11: I entered at 491.50
(9:47 AM) tomthetrader: OK
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(9:51 AM) bitterwind4: orcl small pop
(9:55 AM) energy2x: EDZ filled 14.44
(9:57 AM) netherbow1: what is best food commodity ETF ? anyone know?
(9:57 AM) netherbow1: DBA?
(9:58 AM) hibuck2: $PCRCO 1.14
(9:58 AM) hibuck2: NYSE A/D -796
(9:58 AM) tomthetrader: bg
(9:58 AM) tomthetrader: dba
(9:59 AM) hibuck2: $TRIN .59 $TRIQE 1.48
(9:59 AM) JR Roden: GS is hurting today ... down 1%
(9:59 AM) hibuck2: $TNX 35.18 3.51
(9:59 AM) tomthetrader: yes ...big rally yesterday
(10:02 AM) tomthetrader: FDO Buy
(10:02 AM) tomthetrader: PBG Buy
(10:02 AM) tomthetrader: AA Leaps only buy
(10:02 AM) tomthetrader: WDFC sell
(10:02 AM) tomthetrader: Thurs : COMS Buy
(10:02 AM) tomthetrader: CHTT Sell
(10:02 AM) tomthetrader: PKX Sell
(10:03 AM) tomthetrader: Thurs : pm INFY Sell SGR BY NCTY buy
(10:03 AM) tomthetrader: Friday a.m. PSMT buy PGR Buy
(10:06 AM) ajayvee: is DYY still a good commodity play? it's down to 6.15
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(10:07 AM) tomthetrader: Yes...but you have to time the dollar too...so it is a gutsy call...I choose to take very small starter positions until we get a trend in dollar
(10:08 AM) tomthetrader: DYY a great position that should ...should ....double if you think there is any chance of inflatipon
(10:08 AM) tomthetrader: inflation but if there is deflation ...trouble
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(10:10 AM) tomthetrader: SELL MRK
(10:10 AM) tomthetrader: sell all of MRK now
(10:10 AM) tomthetrader: 28.21
(10:11 AM) tomthetrader: sold ALL of MRK
(10:12 AM) eman11: NYSE AD -1071
(10:12 AM) tomthetrader: Again we sold ALL of MRK
(10:13 AM) bitterwind4: MSFT yest lows now
(10:13 AM) tomthetrader: LOD
(10:13 AM) tomthetrader: stops racing behind ..break even now on USD and EDZ
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(10:16 AM) bitterwind4: USD wasalmost 20 at the open,,,,yest lod 18.96
(10:16 AM) eman11: I thought you were considering EDZ for a longer term swing trdae - what did you see to make you change your mind?
(10:16 AM) tomthetrader: Nothing yet
(10:17 AM) tomthetrader: just moved up stop to break even
(10:17 AM) tomthetrader: EDZ still holding but will take $1000 if given
(10:18 AM) eman11: OK
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(10:20 AM) bitterwind4: TZA up 4 in 3 days....still below yest highs
(10:23 AM) tomthetrader: goog testing 400
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(10:27 AM) tomthetrader: sell USD at 19.70
(10:27 AM) tomthetrader: we will sell all USD at 19.70 USD sold
(10:28 AM) tomthetrader: 10:24am
(10:34 AM) hibuck2: y
(10:34 AM) derr11: y
(10:34 AM) netherbow1: good , thxs
(10:34 AM) richardt_5: good
(10:34 AM) eman11: OK
(10:34 AM) netherbow1: yes - small but good
(10:34 AM) desertone: Y
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(10:37 AM) tomthetrader: we will take a great profit in a great trade in EDZ
(10:37 AM) tomthetrader: I like taking profits'
(10:37 AM) tomthetrader: 10:37am
(10:38 AM) tomthetrader: 14.75
(10:38 AM) desertone: WTG again Tom
(10:38 AM) tomthetrader: Nice trades
(10:41 AM) longerorshorter: what is the $ symbol please on ameritrade or think or swim anyone have please thanks
(10:41 AM) longerorshorter: $USD?
(10:42 AM) longerorshorter: thanks
(10:42 AM) tomthetrader: please give the symbol to monitor $ USD ? on Ameritrade TOS ?
(10:43 AM) hibuck2: no good for schwab
(10:44 AM) csu30: On Trade Station it is $DXY
(10:44 AM) tomthetrader: Thank you Craig
(10:45 AM) redTest: some trend day qualities setting in
(10:45 AM) tomthetrader: OXY IRA possible
(10:45 AM) Freezinalberta: suncor?
(10:45 AM) hibuck2: BRCD upgraded Jefferies from 8.50 to 9.00
(10:46 AM) hibuck2: yup
(10:46 AM) hibuck2: I am the Cheerleader
(10:46 AM) Freezinalberta: pipelines?
(10:46 AM) tomthetrader: yes..BRCD going to 20.00 !
(10:47 AM) DE_TTT: SU
(10:47 AM) netherbow1: SU
(10:47 AM) hibuck2: thats what they say
(10:47 AM) Freezinalberta: su
(10:47 AM) tomthetrader: Thank you
(10:48 AM) netherbow1: you mentioned GS yesterday TOM - as an earnings play - any opinion on it yet ?
(10:49 AM) tomthetrader: GS I have as a BUY BUY BUY
(10:49 AM) redTest: how do you play the earning call? Day before?
(10:49 AM) tomthetrader: but from a selloff to 137.00 I hope
(10:49 AM) Harrod_t: How do you recommend trading the earning
(10:50 AM) longerorshorter: 14540
(10:53 AM) bitterwind4: yest thought GLW would be a quick scalp off morning highs of 15.54. not yet still....trend day down today. No pop in this mkt yet is 15.06
(10:54 AM) tomthetrader: gci
(10:55 AM) tomthetrader: shwb buy
(10:55 AM) netherbow1: yes - thxs TOM
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(10:59 AM) bitterwind4: sure makes sense Tom....but you need an account with size to do that. I am new here with plan to build small account to a more workable account.
(10:59 AM) bitterwind4: will see. tia
(11:01 AM) tomthetrader: Hope you enjoy watching anyway
(11:02 AM) bitterwind4: ok tks
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(11:06 AM) tomthetrader: HCBK keeps going up
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(11:11 AM) bitterwind4: would consider USD on a pb to test yest lows, if it does...watching
(11:13 AM) bitterwind4: ORCL almost filled gap on 15 min 10 day ...took 1/2 pos .32
(11:15 AM) tomthetrader: you like ORCL long here /
(11:16 AM) bitterwind4: would like it closer to 10 more
(11:17 AM) bitterwind4: mean 20
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(11:18 AM) bitterwind4: looks reasonable for a trade if it holds the 50ema
(11:19 AM) bitterwind4: 50ema daily cht
(11:19 AM) redTest: market loosing some downward momo
(11:20 AM) desertone: Ya now we shall just move sideways till the close
(11:21 AM) redTest: gs LOD
(11:22 AM) bitterwind4: your csco looks ok to on 15 min if the mkt pops a bit but do not like the fact it broke the 50ema....is at100ema now...will see...watching
(11:29 AM) desertone: GS loding
(11:30 AM) tomthetrader: Yep
(11:30 AM) desertone: So is SPY
(11:30 AM) tomthetrader: CSCO acting poor GS acting poor ...TF futures acting great
(11:32 AM) azags: I am earning some bus money today and may get out of my remaining shorts if ndx closes less than 1424.5
(11:33 AM) tomthetrader: 1410 I am going Long Zags
(11:33 AM) azags: very good profits today and past few days on the short side
(11:35 AM) tomthetrader: yes...seems like we are back to bear action
(11:35 AM) tomthetrader: yesterday was nothing ...trend is down
(11:38 AM) tomthetrader: something going on at LM
(11:38 AM) tomthetrader: I cannot say because I am employed by them but there is something going on
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(11:39 AM) bitterwind4: wish I culd take the edz trade all over again
(11:41 AM) tomthetrader: still a very good buy
(11:41 AM) tomthetrader: has 300-400% to go !!!!!
(11:43 AM) eman11: Goog below 400
(11:44 AM) tomthetrader: trouble for all ad and media companies
(11:45 AM) tomthetrader: short dis....
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(11:56 AM) tomthetrader: 888 SPX personally very important for my work to hold to maintain Bull
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(11:57 AM) tomthetrader: I covered all futures shorts here
(11:57 AM) tomthetrader: still can see some sell off but personally am going to cash and hedges under here
(11:58 AM) thomas_Poland: please .. buy 2000 spoos .. do not let Atilla to be right
(11:58 AM) thomas_Poland: right
(11:58 AM) thomas_Poland:
(12:00 PM) tomthetrader: 850 before 950 in next 3 weeks
(12:00 PM) tomthetrader: so get some puts if you do not have them
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(12:02 PM) tomthetrader: dollar too strong ...market can't rally
(12:02 PM) tomthetrader: right on 888 SPX cash
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(12:15 PM) bitterwind4: GLW accelerating to lows
(12:17 PM) bitterwind4: seeing a lot of false bo's like GLW>Broke out then bang..if long they nail you. will it hold its range??
(12:19 PM) berniectx: Franken sworn in senate he now joins the other jokers in the US Congress
(12:24 PM) tomthetrader: GLW is a play on the economy ....all stocks will move in 100 point up or down days
(12:25 PM) tomthetrader: GLW CSCO T all are good stocks with high profit potential if the economy turns and market goes up
(12:25 PM) tomthetrader: 888 SPX Now...a real key for me
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(12:30 PM) tomthetrader: AET we spoke of yesterday huge call volume and today up big
(12:30 PM) don_2007_: where did you find the aet call volume info tom?
(12:33 PM) Freezinalberta: 887.61
(12:33 PM) tomthetrader: whatstrading.com
(12:34 PM) don_2007_: thanks tom
(12:36 PM) redTest: NAZ-100 is oversold on the Zweig Breadth... SP-500 close... 40% is oversold line.. NAZ100@36.85, SPX@40.00,, strongest is RUT@44.32
(12:36 PM) tomthetrader: Thanks RED ..tell us when you think it is a BUY
(12:37 PM) tomthetrader: I am n ot getting any good BUY signals yet
(12:37 PM) tomthetrader: so we must br going to 875 min
(12:37 PM) tomthetrader: keep the pressureon the market buy entering shorts if you can
(12:39 PM) tomthetrader: NEW highs in VIX
(12:39 PM) Freezinalberta: 887.15
(12:39 PM) tomthetrader: breakingout ...you can add our call options AUG 30.00
(12:41 PM) Freezinalberta: 886.70
(12:41 PM) tomthetrader: BEAR : Add Vix calls ?
(12:42 PM) tomthetrader: add 20 at 3.60 limit
(12:43 PM) tomthetrader: we will add 20 VIX calls Aug 30 at 3.60 limit VIXHF
(12:44 PM) tomthetrader: sell TLT at 94.55 sold TLT 94.55
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(12:45 PM) tomthetrader: TLT we closed at 94.55 25% Main
(12:46 PM) tomthetrader: we are adding 20 contracts of VIXHF at 3.60
(12:46 PM) tomthetrader: if filled
(12:49 PM) tomthetrader: EDZ 15.07 now ...great run
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(12:52 PM) Freezinalberta: market bottom ?
(12:53 PM) tomthetrader: hoping
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(12:53 PM) tomthetrader: but other than RED's data ....I have 0 signs
(12:54 PM) tomthetrader: Red is your data a buy or sell signal or just a oversold oberbought
(12:54 PM) redTest: just oversold.. might start testing here
(12:55 PM) redTest: just eyeballed it..
(12:55 PM) tomthetrader: possible buy signal /
(12:55 PM) redTest: i added QLD @ 34.98
(12:55 PM) tomthetrader: 888 SPX hold on close would be very good
(12:55 PM) tomthetrader: Thanks
(12:55 PM) bitterwind4: USD 19.15
(12:56 PM) tomthetrader: Might be good trades USD and QLD
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(12:59 PM) redTest: anyone get filled on the VIX HF @ 3.60?
(12:59 PM) tomthetrader: I saw 3.70
(12:59 PM) tomthetrader: I did not get filled
(1:00 PM) sttteve: not yet order in
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(1:02 PM) tomthetrader: We did a great job taking profits...simply GREAT
(1:02 PM) eman11: No fill here
(1:02 PM) Freezinalberta: bgu?
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(1:02 PM) Freezinalberta: would you enter here
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(1:03 PM) tomthetrader: I am not ...I still am seeing further downside will add futures at a TTT Buy signal and 3x ETF's but I am not there
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(1:06 PM) Alert: Michael Jackson Memorial Service LIVE from the Staples Center in LA in News Talk Online in the Radio/TV Section NOW [Free Video]
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(1:07 PM) tomthetrader: 888 SPX is always a personal BUY BUY BUY for me...but it feels different this time..I may be wrong
(1:08 PM) tomthetrader: But the 2nd stim talk and the downtrend into opex...this is eating up all the bulls who bought calls
(1:08 PM) tomthetrader: so I still think we can go another 3-5 % lower with a nice pop in between
(1:08 PM) tomthetrader: Hard as heck to trade
(1:09 PM) tomthetrader: 870 SPX my target will buy at 875 Cash
(1:11 PM) tomthetrader: ISEE Put calls is giving us some strange uncertain signals with VIX and VXN ....smoothed P/C TRIN
(1:11 PM) tomthetrader: all messe3d up
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(1:12 PM) tomthetrader: PBR getting murdered
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(1:13 PM) bitterwind4: CA bonds may be junk soon...getting close
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(1:14 PM) tomthetrader: yes...I would consider them Junk
(1:14 PM) tomthetrader: Scary for 12 states all getting downgrades in next 7-10 days
(1:14 PM) tomthetrader: CHIPS STSAYING ALIVE ....DE CAN CHIPS SAVE US ?
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(1:15 PM) bitterwind4: yes and more news on MJ Funeral than economics of state. Quite amazing. Politicians business as usual
(1:16 PM) azags: I have been away from the computer but I had 11000 dxd which I sold at 50.75 and 50.7. I sold to open 100 qld july 37 calls this am and bought them back to close at .55. I also bought qid in the AH yesterday at 33.53 and sold it at 34.6
(1:16 PM) tomthetrader: Great Bpounce for QLD here and DDM off Red's oversold signal
(1:16 PM) tomthetrader: will it hold ?
(1:17 PM) azags: I still have some shorts left including 13000 fxp which I will probably sell
(1:18 PM) azags: I have stld which popped today but is stiil underwater
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(1:23 PM) bitterwind4: 3t
(1:26 PM) eman11: Even with this nice pop I still didn't get filled on the VIX calls
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(1:33 PM) Freezinalberta: bought bgu at spx 891 stop b/e
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(1:38 PM) hibuck2: $PCRCO 1.00
(1:39 PM) hibuck2: NYSE A/D -1146
(1:39 PM) sttteve: vix calls filled 3.60
(1:39 PM) hibuck2: $SPX 891.19
(1:39 PM) hibuck2: $TRIN .77
(1:39 PM) hibuck2: $TRIQE 2.00
(1:40 PM) dhmohan1963: tom got in VZat29.76 as you told is it cool
(1:40 PM) tomthetrader: Yes
(1:40 PM) dhmohan1963: or should have waited
(1:40 PM) tomthetrader: VZ a great buy
(1:40 PM) tomthetrader: Tremendous yield and growth
(1:41 PM) tomthetrader: LONG term hold and buy more
(1:41 PM) tomthetrader: VZ is a BUY
(1:41 PM) thomas_Poland: we do not have a lot of stocks with good growth ...
(1:41 PM) thomas_Poland: that is why people are looking for them ... I think
(1:42 PM) thomas_Poland: and after market moves a lot people will try to find value
(1:42 PM) thomas_Poland: which is hard to find after huge move up
(1:44 PM) azags: I would like a further wash out today so I can start going long at the close and for Thomas will then buy 4 million qld
(1:45 PM) tomthetrader: YES ...I want to see you and Thomas singing and dancing by 4pm ?
(1:45 PM) thomas_Poland: I start to believe zags loves me ... he cannot write anything without mentioning my name
(1:46 PM) thomas_Poland: Zags .. sorry .. I have wife .. and prefer women
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(1:47 PM) longerorshorter: it seems that UNG halted
(1:48 PM) azags: As I said earlier today I was only looking for a close on the ndx of 1424.5 or less to close out all my shorts and consider phasing into longs. Thomas I love you and Vector Vest
(1:50 PM) azags: I had dumb luck today when I sold 8000 dxd at 50.75 and 3000 dxd at 50.7. The high today was 50.76
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(1:53 PM) tomthetrader: We had good luck exiting MRK and USD near highs
(1:53 PM) tomthetrader: we may reenter but if 888 SPX breaks ...right now not looking good for bulls
(1:54 PM) azags: My was dumb luck. I viewed it as a momentum move on dxd
(1:55 PM) tomthetrader: better to be lucky I say...you get enough bad in trading ..some good luck is great
(1:56 PM) tomthetrader: WFC interesting butterfly play
(1:56 PM) azags: Support needs to break just to scare the bulls and then I will go long on the overreaction down lower
(1:56 PM) tomthetrader: agree
(1:56 PM) tomthetrader: a poke through and Takeoff
(1:57 PM) Freezinalberta: stopped out bgu b/e
(1:57 PM) DE_TTT: Someone said on Thursday that high TRIN with High PCR was a buy signal...and if market didn't react well, market was in trouble. Very good call.
(1:57 PM) tomthetrader: RUT hanging tough but it usually collapses in final hour
(1:57 PM) DE_TTT: Can't remember who it was, though. My apologies!
(1:57 PM) tomthetrader: I will take credit ..but I usually don't put things in those terms !
(1:58 PM) tomthetrader: It definitely wasn't me
(1:58 PM) DE_TTT: You put the group together, Tom.
(1:58 PM) tomthetrader: I did say that this market was a short the rallies until 875
(1:59 PM) tomthetrader: we are tempted to go long long long ..but I can't do it until more bears
(1:59 PM) tomthetrader: some fluff coming out of all stocks that need it though
(1:59 PM) tomthetrader: I like that
(2:00 PM) azags: what about glw? I don't have any
(2:00 PM) tomthetrader: BUY BUY BUY
(2:02 PM) redTest: naz-100 A/D 9:1 negative.. did not rally during that last blip
(2:02 PM) tomthetrader: SCHW may be a good bet here with JEF and LM
(2:07 PM) azags: Tom should I sell my fxp?
(2:08 PM) JR Roden: gs leading the way down
(2:14 PM) eman11: VIX calls filled at 3.60
(2:19 PM) tomthetrader: Zags : I would stick with FXP with a 2-4% trail ..FXP could drop 10-15%
(2:19 PM) tomthetrader: FXI
(2:19 PM) tomthetrader: I think you can risk a further drop
(2:20 PM) azags: It looks like we are getting the washout this afternoon I hoped for
(2:21 PM) tomthetrader: Yes
(2:21 PM) arujunaa: tom, just sent you something on the vix
(2:21 PM) tomthetrader: but still not close to a TTT buy
(2:21 PM) tomthetrader: Thanks Aruj
(2:21 PM) Freezinalberta: iss 888 now support after failed attempt at going higher
(2:23 PM) tomthetrader: NO
(2:24 PM) tomthetrader: it is 875 now as it was broke and will be broken on the close
(2:24 PM) tomthetrader: unless there is a hold here ...which i doubt
(2:24 PM) tomthetrader: we are going to 875 min.
(2:24 PM) Alert: ====SECURITY BULLETIN!=======
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(2:26 PM) hibuck2: 15,042
(2:26 PM) ajayvee: vol = 15072
(2:26 PM) ajayvee: open interest = 33690
(2:27 PM) hibuck2: OI @ 33,690
(2:27 PM) ajayvee: TTT moves markets!!
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(2:30 PM) azags: Look at the fakeout yesterday afternoon to suck people in before today's correction
(2:30 PM) tomthetrader: yes been 3 of them since the top I was caught in 1 !
(2:30 PM) tomthetrader: won't get me again
(2:31 PM) azags: I was able to get some glw at 14.62 but only a small portion of the position I am trying to establish
(2:33 PM) tomthetrader: good ..we will add another position on a Buy signal also
(2:35 PM) azags: Tom you were able to get good profits from usd this am on a down day. I didn't buy edz this am because of the size of my established short positions at that time
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(2:35 PM) tomthetrader: Yes...was lucky to see the fall getting worse...if a BULL USD would have stayed up...still in a bear
(2:36 PM) azags: just got more glw at 14.62
(2:37 PM) tomthetrader: UNG ETF Failed
(2:37 PM) Freezinalberta: what is open interest for us newbies?
(2:37 PM) tomthetrader: amount of contracts still open not sold or closed
(2:38 PM) tomthetrader: High open interest means that 1) many believe in the trade 2) many are stick min the trade
(2:38 PM) tomthetrader: stuck
(2:39 PM) tomthetrader: MAY 22nd we had a break even on 888 ES !
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(2:47 PM) tomthetrader: Aruj to thank for VIX e-mail you are just now getting
(2:47 PM) tomthetrader: Great guy
(2:47 PM) tomthetrader: Unlike Thomas
(2:47 PM) tomthetrader: Thomas Drinks to much and hates vector vest
(2:48 PM) arujunaa: i'm a lover not a hater
(2:48 PM) tomthetrader: UNG was halted and Now getting killed
(2:49 PM) tomthetrader: JPM and WFC really holding up....strong dollar or options plays ?
(2:50 PM) tomthetrader: 40 Vix calls hopefully will be enough firepower on a crash
(2:52 PM) eman11: Thanks Aruj for the VIX report
(2:53 PM) arujunaa: yw
(2:53 PM) tomthetrader: great work....lets get a bottom here
(2:53 PM) ajayvee: wow what a dive
(2:54 PM) bitterwind4: glw
(2:54 PM) azags: we asked for it and we got it
(2:55 PM) hibuck2: $SPX 885.97
(2:56 PM) hibuck2: $PCRCO 1.02
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(2:58 PM) tomthetrader: GLW is a good entry here for round #2
(2:58 PM) *** has left the room ***
(2:59 PM) tomthetrader: Nice process
(2:59 PM) tomthetrader: last hour ..see if eager buyers come in ?
(2:59 PM) tomthetrader: LOD
(2:59 PM) tomthetrader: LOOK at our EDZ
(3:00 PM) hibuck2: right @ 200 ema GLW
(3:00 PM) tomthetrader: TF Futures and TZA taking off now
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(3:00 PM) bitterwind4: Tom for round two what du base that on for GLW.
(3:01 PM) bitterwind4: hitting the 200ema
(3:01 PM) tomthetrader: dollar strong ...no escape but banks
(3:01 PM) bitterwind4: seems it could go lower with this mo
(3:01 PM) eman11: NQ at 1410
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(3:03 PM) tomthetrader: Buying 10 NQ at 1410
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(3:05 PM) hibuck2: /ESU9 878.00
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(3:09 PM) tomthetrader: called the bond market perfect , world market perfect...let's see if we can call the bottom on the Naz
(3:15 PM) jaxbrown22: Can the PPT spoil a run to 875?
(3:15 PM) tomthetrader: yes
(3:16 PM) jaxbrown22: Must keep your finger on the trigger!
(3:16 PM) tomthetrader: again we are Long 10 contracts of NQ
(3:16 PM) eman11: In NQ at 1408.25
(3:18 PM) bitterwind4: added glw .52
(3:21 PM) netherbow1: what is symbol re NQ - I can't get any calls on sxreen re VIX or NQ
(3:21 PM) netherbow1: screen
(3:21 PM) netherbow1: what is symbol to enter to get them please
(3:21 PM) hibuck2: $VIX
(3:21 PM) ajayvee: NQU9
(3:21 PM) hibuck2: /NQU9
(3:22 PM) hibuck2: thats for Schwab
(3:22 PM) tomthetrader: NQU9 if no futures account you can buy call options on NDX
(3:22 PM) netherbow1: thxs - can't get them on TD
(3:22 PM) tomthetrader: Call options on NDX or QQQQ
(3:23 PM) tomthetrader: will be OK too or QLD
(3:23 PM) tomthetrader: we used to have a $ equal chart from Nick...anyone still have that
(3:23 PM) netherbow1: thxs TOM
(3:24 PM) DE_TTT: or MNX also
(3:24 PM) tomthetrader: 10 long NQ at 1410 and stops off til tomorrow
(3:24 PM) tomthetrader: Yes MNX very good
(3:24 PM) tomthetrader: Thanks DE
(3:24 PM) DE_TTT: yw
(3:24 PM) tomthetrader: I love MNX
redliontrader: tom.. do you want those NQ tracked in traders?
(3:24 PM) tomthetrader: Yes
(3:24 PM) tomthetrader: Please
(3:25 PM) Alert: The Michael Jackson Memorial continues LIVE on News Talk Online in the Radio/TV Section NOW [Free Video]
(3:25 PM) tomthetrader: we will have a limit of 20 contracts in traders which will be a leveraged position
redliontrader: nether.. if you want quotes the symbols for yahoo finance used for tracking is nqu09.cme
(3:25 PM) tomthetrader: TREND DAY QUALITIES WERE CAUGHT EARLY TODAY
(3:25 PM) netherbow1: thxs RED
(3:27 PM) tomthetrader: everyone should SAVE and review today's chat
(3:27 PM) tomthetrader: or read on our site
(3:27 PM) tomthetrader: as it is a classic
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(3:27 PM) tomthetrader: Just another day in paradise for TRADERS????
(3:28 PM) bitterwind4: How are u seeinfg the vol.....capitualtion or will selling mo continue??
(3:28 PM) tomthetrader: MAY lows in SPY my target is 870 cash SPX
(3:30 PM) redTest: first time tracking NQ.. someone make sure the $ per tick is right looks like $20/pip $80/point is that right?
(3:31 PM) tomthetrader: $20 per point
(3:32 PM) tomthetrader: ES 50 NQ 20 YM 5 TF 100
(3:33 PM) sttteve: $5 per tick red
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redliontrader: ok.. right.. it is doing ok down 1.5 points 10 contracts -300
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(3:35 PM) tomthetrader: 300 on10 right
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(3:36 PM) tomthetrader: 1410 entry
(3:38 PM) tomthetrader: RED we will double down in GLW Now OK
(3:38 PM) tomthetrader: Everyone we will go into GLW with another 10% at 3:38 pm
redliontrader: y
(3:39 PM) tomthetrader: and our new stop will be off 8% on both position from the new position stops OK
(3:40 PM) tomthetrader: 14.44 GLW filled part 2
(3:42 PM) tomthetrader: you guys are doing a great job in a very difficult market
(3:42 PM) tomthetrader: hang in there
(3:42 PM) tomthetrader: we just may get a rally off here and a retest at 870 +
(3:42 PM) tomthetrader: and we can adjust
(3:43 PM) azags: buying bgu and qld and closing out my remaining shorts
(3:43 PM) JR Roden: GS going back down to test the 142.50 that provided support 3x yesterday
(3:43 PM) tomthetrader: That's the story Zags ...showthose bears whom is boss
(3:43 PM) tomthetrader: GS let's by the poke thru at 140.00
(3:44 PM) tomthetrader: 2000 sh limit to buy GS at 140.00 in IRA OK
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(3:45 PM) azags: Is it time to call PPT to the rescue
(3:45 PM) tomthetrader: HELP
(3:45 PM) bitterwind4: usd
(3:45 PM) desertone: In GLW @ 14.39
(3:45 PM) tomthetrader: YES
(3:45 PM) tomthetrader: Hold that GLW for a 2 year double D 1
(3:46 PM) desertone:
(3:46 PM) tomthetrader:
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(3:46 PM) eman11: LM fighting hard to stay positive today
(3:46 PM) tomthetrader: 1408 ndx
(3:46 PM) tomthetrader: LM has somehelp
(3:47 PM) tomthetrader: nice trade long in JEF LM
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(3:48 PM) tomthetrader: Head and shoulders claimes now a bottom
(3:48 PM) tomthetrader: 870 875 or 880 ?
(3:48 PM) bitterwind4: DYY 6.03
(3:49 PM) tomthetrader: that is near irresistable
(3:49 PM) tomthetrader: 6.00 bid to buy a barrel full ?
(3:49 PM) tomthetrader: remember that 2000 sh of DXD ?
(3:51 PM) tomthetrader: we are going to get a TTT Buy signal on theclose or on the open
(3:51 PM) tomthetrader: TTT Buy signal on the close or Open 98% chance
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(3:52 PM) tomthetrader: this will get us 3-5% rally if hit
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(3:52 PM) billbTN: just got back-discovered my 895 long was stopped b/e and then shorted at 892, so a good day after all
(3:52 PM) tomthetrader: strong dollar is killing us
(3:52 PM) tomthetrader: Great Bill
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(3:53 PM) billbTN: i agree about buy signal-i'll probably buy in the next 15 min
(3:54 PM) tomthetrader: TTT Buy signal will under normal conditions get 3-5% gain in 72 hours so by Friday's close
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(3:54 PM) tomthetrader: -170 Dow
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(3:56 PM) tomthetrader: RED we will sell the 20 VIX we bought today MOC OK ?
(3:56 PM) TTTMichael: Long QLD at 34.34.
(3:56 PM) tomthetrader: Nice entry ..great patience michael
(3:57 PM) bitterwind4: Tom what option du like GLW
(3:57 PM) tomthetrader: 3-6 months out 15.00
(3:57 PM) tomthetrader: highest open interest
(3:58 PM) tomthetrader: Jan 2010 I have some
(3:58 PM) tomthetrader: was in the money but no more
(3:58 PM) bitterwind4: ok tks
(3:58 PM) tomthetrader: YW
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(3:59 PM) hibuck2: thxs Tom
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(4:00 PM) tomthetrader: YW
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(4:00 PM) netherbow1: thxs TOM , nite everyone , thxs for posts
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(4:00 PM) tomthetrader: Thanks Nether
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(4:00 PM) energy2x: EDZ working out well
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(4:01 PM) tomthetrader: man we hae had a bunch of great trades we have not held long enough look over the "closed trades" we have been short !
(4:01 PM) tomthetrader: EDZ was a KEEPER
(4:01 PM) thomas_Poland: Atilla will be right ....
(4:01 PM) tomthetrader: shut
(4:01 PM) tomthetrader: it
(4:01 PM) thomas_Poland:
(4:01 PM) tomthetrader: up
(4:01 PM) tomthetrader: TP ...
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(4:01 PM) thomas_Poland: what ?
(4:01 PM) thomas_Poland:
(4:02 PM) bitterwind4: TZA a killer from 21 level, but not in
(4:02 PM) tomthetrader: stop ...I still love you ..just ...no Atilla is going to keep shorting
(4:02 PM) thomas_Poland: man
(4:02 PM) thomas_Poland: I hate it
(4:02 PM) tomthetrader: Good tape at least ...all natural ...I like it ..no manipulation
(4:03 PM) tomthetrader: GS 140.00 buy ?
(4:03 PM) thomas_Poland: today was nice day to trade
(4:03 PM) tomthetrader: I am honest and it is the correct move
(4:03 PM) thomas_Poland: really
(4:03 PM) tomthetrader: Yes
(4:03 PM) tomthetrader: fair
(4:03 PM) tomthetrader: no complaints
(4:03 PM) thomas_Poland: and I did not think it is because no manipulation
(4:03 PM) thomas_Poland: but makes sense
(4:03 PM) tomthetrader: we could have played the down harder
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(4:03 PM) tomthetrader: Yes no manipulation
(4:04 PM) ajayvee: DYY my only loser
(4:04 PM) tomthetrader: clean win for bears
(4:04 PM) thomas_Poland: Thursday low?
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(4:04 PM) tomthetrader: DYY still not officially in but it looks good
(4:04 PM) ajayvee: well if it looked good at 6.25, it should be real nice now!!
(4:05 PM) tomthetrader: $ is so key and politics now ...so remember all the call buyers
(4:05 PM) tomthetrader: we yelled at just 2 weeks ago are DOA
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(4:05 PM) thomas_Poland: we closed below 200 sma spx
(4:06 PM) thomas_Poland: 3 Day RSI is oversold
redliontrader: I have:
redliontrader: Main: 3.5% Short 20 Vix HF 10 NQU09
redliontrader: Traders that was
(4:07 PM) tomthetrader: Yes
redliontrader: Main: 30% Long 20%GLW 10%CSCO
(4:07 PM) tomthetrader: Yes
redliontrader: IRA: 30% Long 20%T 10%GIld
(4:08 PM) tomthetrader: Yes
(4:08 PM) tomthetrader: did we lock in some profits today ?
redliontrader: Great calls today tom
(4:08 PM) tomthetrader: Thank you RED
(4:08 PM) tomthetrader:
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(4:09 PM) tomthetrader: AA up .15
redliontrader: $6K profit
(4:09 PM) tomthetrader: decent day
(4:09 PM) tomthetrader: 30K per week is 120k a month !
(4:11 PM) tomthetrader: .VIXHF sold at 4.00
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(4:28 PM) byrdie59: ttt......what is your fund?
(4:29 PM) byrdie59: nice eagles...btw
(4:29 PM) tomthetrader: http://www.ttthe3dge.com
(4:29 PM) tomthetrader: http://www.ttthedge.com
(4:29 PM) byrdie59: let me click ya.......thx
(4:29 PM) tomthetrader: no 3
(4:30 PM) tomthetrader: your welcome ..let me know if there is anything I can do
(4:32 PM) byrdie59: put ya in fave ttt..... thx
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(4:33 PM) tomthetrader: stop in and join us ...we have a free trial
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(4:59 PM) Alert: Remembering Michael, Obama & Putin, West Bank settlements & more Gitmo allegations on News Talk Online in the Radio/TV Section NOW [Free Video]
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(5:06 PM) tomthetrader: RUBY TUESDAY RT A great earnings play long
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(5:29 PM) Alert: Remembering Michael, Obama & Putin, West Bank settlements & more Gitmo allegations on News Talk Online in the Radio/TV Section NOW [Free Video]
