(8:20 AM) hibuck2: gm Tom
(8:20 AM) hibuck2: sorry REDDD
(8:20 AM) hibuck2: good morning Red
redliontrader: I will be out of the office today.. I have an opportunity to go sailing! and with 28 of the last 31 days being miserable rain, you have to sail when the sunshines and the wind blows..
(8:21 AM) azags: what about dig? Do you plan to hold that as well as gs until next week
(8:21 AM) hibuck2: have fun
redliontrader: I will be trading onboard and following through twitter ( i am a useless crew member) but there will be no intraday portfolio updates
redliontrader: I have posted a Zweig update on the members site: http://pv.ttthedge.com
(8:22 AM) netherbow1: thxs RED
(8:24 AM) tomthetrader: Thanks RED
(8:24 AM) tomthetrader: DIG we are holding ...I am here 24/7
(8:24 AM) tomthetrader: Just let me know anything you need
(8:24 AM) tomthetrader: and I will get it done
(8:25 AM) tomthetrader: we will probably lock in DIG gains and reenter in a different vehicle
(8:25 AM) tomthetrader: SELL ES Futures and DIG if you need the cash
(8:25 AM) tomthetrader: we will add QLD on a dip by 11:00am
(8:26 AM) netherbow1: TOM is there any swine flu stock you like in here ?
(8:27 AM) tomthetrader: ABT is the one I used but let me look
(8:27 AM) netherbow1: thxs
(8:28 AM) ajayvee: yesterday you mentioned UWM for today
(8:28 AM) tomthetrader: yes ...it is up a bit too much but we will add ...like it
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(8:29 AM) tomthetrader: GILD and NVAX NVS and GSK for swine and bird flu
(8:30 AM) netherbow1: thxs TOM
(8:30 AM) azags: Tom I have been doing very well lately with short term market direction but additionally thanks to you I have gs and dig
(8:30 AM) thomas_Poland: this good news will move market down again?
(8:30 AM) tomthetrader: YW
(8:32 AM) azags: Thomas you haven't given me anything lately and look at all the pink outfits I have given you from my recent trips
(8:33 AM) Pete45: Wow, I just saw the split for FAS and FAZ –where are they going to cross again, in the 40?
(8:34 AM) hibuck2: tom is the zwieg breadth indicator formula available some were so I can add to my charts?
(8:34 AM) azags: I sold my fxp but kept naked calls on fxp which is a bullish position on china because I sold fxp calls to open
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redliontrader: Tom's earnings plays are posted in the traders corner at the members website.. look at the bottom and click on "Earnings Play"
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redliontrader: http://pv.ttthedge.com
(8:47 AM) azags: Red the earnings plays on the website each day are very helpful
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(8:50 AM) netherbow1: where are the earnings plays again please RED - I can't see them?
(8:51 AM) netherbow1: sorry - fnd them now
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(8:59 AM) azags: Tom was bac/merrill loading up on gs yesterday in anticipation of the upgrade today?
(9:00 AM) arujunaa: bond update: covered my short tyu at 117.84375 (from 118.0625 average). need to reassess the whole picture. wil update later.
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(9:05 AM) tomthetrader: gs fakes everyone out ....miserable trade ...never can get it perfect .....
(9:06 AM) tomthetrader: bonds are the most volatile i have seen we have made a good sum in tlt and tbt this year....need to do more
(9:07 AM) tomthetrader: rates should go back to 4.00 ten year by xmas
(9:07 AM) tomthetrader: my view
(9:07 AM) tomthetrader: today bulls need a 3-1 a/d up day
(9:08 AM) tomthetrader: and they need a strong close on heavy volume
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(9:09 AM) azags: I will stay long today into tomorrow but may take some profits on my longs.
(9:10 AM) tomthetrader: sure hope we can get a 4 day win streak out of this ttt buy signal
(9:10 AM) tomthetrader: has made us tons of cash over the years
(9:10 AM) tomthetrader: millions ....even billions with all our members
(9:12 AM) azags: Tom where are you calculating the S&P at the start of the buy signal to base the possible 3% move?
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(9:14 AM) tomthetrader: If we see a higher intraday high after the first hour of trading, particularly if it's above yesterday's high, then I'll be looking for even higher prices into the close.
(9:14 AM) tomthetrader: 875cash SPX
(9:15 AM) azags: thanks
(9:15 AM) tomthetrader: 904 target
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(9:15 AM) tomthetrader: anything less than 20 ES would not be a good thing for my ego !
(9:16 AM) ajayvee: y
(9:16 AM) hibuck2: gm
(9:16 AM) Bert_TTT: GM
(9:16 AM) derr11: good
(9:16 AM) netherbow1: gm
(9:16 AM) azags: What should we do about you being off the decimal point yesterday in the Dow close. I hope you do better today
(9:16 AM) ajayvee: I didn't get DIG I'm loaded with GSGG
(9:17 AM) bitterwind4: gm
(9:17 AM) DE_TTT: H-Bombs
(9:17 AM) derr11: Drive in movies
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(9:22 AM) trader_75: where is your publix i like to go there
(9:25 AM) azags: Guy Adami likes intc
(9:25 AM) hibuck2: 8219.52
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(9:27 AM) hibuck2: $SPX high yesterday 886.80
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(9:28 AM) bitterwind4: still way below even the two day highs for many stocks
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(9:31 AM) tomthetrader: thanks guys
(9:32 AM) ajayvee: peeling off some profits on GSGG at 70%
(9:32 AM) desertone: GM everyone !
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(9:36 AM) bitterwind4: gs moving up Tom. Tks
(9:37 AM) bitterwind4: did go into USD yest is hod
(9:40 AM) bitterwind4: DXD TZA hod
(9:41 AM) ajayvee: did we get some bad news?
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(9:42 AM) tomthetrader: WE will buy 25% Traders DDM long
(9:43 AM) tomthetrader: please enter fills if possible
(9:43 AM) tomthetrader: DDM l,ong
(9:43 AM) tomthetrader: here ..bids / fills ?
(9:43 AM) ajayvee: 26.90
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(9:45 AM) tomthetrader: and QLD we will go long 25% day trade
(9:45 AM) tomthetrader: 50% long QLD and DDM
(9:45 AM) tomthetrader: please give fills
(9:45 AM) energy2x: 26.89 DDM
(9:45 AM) tomthetrader: so RED will have htem again he is off today
(9:46 AM) tomthetrader: we will add BGU 25% on a hold here to get 75% LONG
(9:46 AM) bitterwind4: 26.90 ddm
(9:46 AM) tomthetrader: tHANK YOU
(9:46 AM) tomthetrader: qld FILLS ?
(9:46 AM) ajayvee: QLD 34.60
(9:46 AM) tomthetrader: QLD fills
(9:47 AM) tomthetrader: BGU will be next to get to 75% long traders
(9:47 AM) energy2x: QLD 34.62
(9:50 AM) hibuck2: NYSE A/D +255
(9:50 AM) hibuck2: $PCRCO .94
(9:51 AM) hibuck2: $TRIN .43 $TRIQE .64
(9:51 AM) hibuck2: $TNX 33.65 3.36
(9:51 AM) hibuck2: $SPX 880.48
(9:51 AM) derr11: Tom,
(9:52 AM) derr11: what are we doing with DIG
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(9:53 AM) eman11: qld 34.64
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(9:58 AM) bitterwind4: DYY is 5.91 off highs of 6.09. yest low 5.80
(9:58 AM) ajayvee: wonder what it would take to make DYY move
(9:59 AM) bitterwind4: yr ago highs were22 plus
(10:00 AM) ajayvee: that was a commodity bubble though
(10:01 AM) bitterwind4: for sure right when I was building a house
(10:03 AM) ajayvee: NYSE A/D +430 Vol +2.3:1
(10:04 AM) ajayvee: Naz A/D +420 Vol +2.2:1
(10:07 AM) hibuck2: y
(10:07 AM) azags: y
(10:07 AM) bitterwind4: good
(10:07 AM) ajayvee: you bet
(10:07 AM) netherbow1: y
(10:09 AM) azags: I just sold some dig at 23.4 that I bought yesterday at 22.35
(10:10 AM) tomthetrader: yes
(10:10 AM) tomthetrader: very good trades
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(10:10 AM) tomthetrader: anyone else have a success story ...decent win ....
(10:11 AM) ajayvee: GS calls making me rich
(10:12 AM) bitterwind4: so far 1st hour a lower high......watching
(10:12 AM) bitterwind4: in spx
(10:13 AM) bitterwind4: GS may test hod
(10:15 AM) bitterwind4: hod
(10:16 AM) tomthetrader: Thank you TTT for GS !
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(10:17 AM) tomthetrader: don't get slaughtered...it is cheap to lock in and reenter
(10:17 AM) ajayvee:
(10:17 AM) tomthetrader: I have been in and out of GS calls 12 x in 3 days
(10:17 AM) tomthetrader: so please ...believe me GS take the $$$$$ when you have it
(10:18 AM) ajayvee: taking some more profits at 85%
(10:18 AM) derr11: DIG , in @22.32 out @23.44 . Thanks Tom
(10:18 AM) bitterwind4: I am trying to hold a position and trade dips too
(10:19 AM) tomthetrader: Those TIPS are what makes TTT tick right ZAGS ?
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(10:19 AM) tomthetrader: the oldtimers know how it goes....professional traders with an edge TTT is cooking
(10:20 AM) thomas_Poland: let's all delete 200 sma from out charts
(10:20 AM) thomas_Poland:
(10:20 AM) thomas_Poland: maybe it will move than
(10:20 AM) tomthetrader: Thomas ws here in the good old days when we worked for TIPS
(10:20 AM) bitterwind4: way MSFT flat on the day
(10:21 AM) tomthetrader: Golden Cross vs. H and S top
(10:21 AM) tomthetrader: both may fail ?
(10:21 AM) tomthetrader: or both are right
(10:21 AM) tomthetrader: in the eye of the beholder ?
(10:21 AM) tomthetrader: I am sure not going to fight the tape or the FED
(10:22 AM) tomthetrader: and I am only playing with the houses money the 2nd half of 09
(10:23 AM) azags: yes Tom on tips
(10:23 AM) tomthetrader: OIL and demand for products are being questioned as you all tore up your credit cards and won't spend
(10:23 AM) bitterwind4: too bad Uncle Sam keeps so much of short term gains
(10:23 AM) tomthetrader: Zags has spent more than the state of Montan on vacation the last 6 months ...let's be like zags /
(10:23 AM) bitterwind4: you do the work and they keep almost as much
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(10:23 AM) tomthetrader: go spend
(10:24 AM) tomthetrader: make 20K on GS and go blow it on a trip to Miami in July !
(10:24 AM) azags: I have been sending all my tips to Thomas. Isn't that the right way?
(10:25 AM) tomthetrader: Yes Tomek @Gdansk.org
(10:25 AM) tomthetrader: Thomas loves Zlotskies ?
(10:25 AM) hibuck2: NYSE A/D +855
(10:25 AM) tomthetrader: YES I am selling off some positions
(10:25 AM) tomthetrader: Taking profits
(10:25 AM) hibuck2: $PCRCO .97
(10:25 AM) tomthetrader: as we go higher
(10:26 AM) azags: I am going to the Amalfi coast of Italy in August and then a cruise from Dubai and then onto India in October
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(10:27 AM) tomthetrader: DIG and GS I am locking in profits with sell stops ...please do the same OK
(10:27 AM) tomthetrader: RED is out but we will have this log
(10:27 AM) tomthetrader: and you guy7s are doing great
(10:27 AM) tomthetrader: keep it up
(10:27 AM) hibuck2: NYSE A/D +446
(10:28 AM) hibuck2: $PCRCO 1.03
(10:28 AM) hibuck2: $TRIN .71 $TRIQE .83
(10:28 AM) hibuck2: $TNX 33.65 3.36
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(10:28 AM) bitterwind4: dow will not make interday higher high in 1st hour
(10:29 AM) tomthetrader: 142.50 GS 23.50 DIG
(10:29 AM) bitterwind4: just bounced off pp on the 3 min
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(10:29 AM) tomthetrader: 143.50
(10:29 AM) bitterwind4: in this mkt GS doing extra well
(10:29 AM) tomthetrader: ...23.50
(10:30 AM) tomthetrader: GS Huge sellv off yesterday to set up run to 150
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(10:34 AM) Freezinalberta: tom just got on. any buy/sell? sorry red is not on to read his update
(10:34 AM) Freezinalberta: super im?
(10:37 AM) tomthetrader: we are in QLD and DDm
(10:37 AM) tomthetrader: sold some GS and DIG
(10:37 AM) bitterwind4: I did alberta,,,did you get it
(10:39 AM) eman11: Merrill Lynch Upgraded GS significantly upgraded target from 144 to 175 raised 2Q estimates from 2.92 to 3.90
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(10:40 AM) tomthetrader: wonder why the selloff yesterday...maybe to get a good fill for their homies ?
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(10:41 AM) eman11: GS broke through yesterday's high
(10:41 AM) tomthetrader: still will be vpolatile into earnings...so please SELL and REENTER sell reenter use house money as much as possible...you shouls have alot since you have4 all those FDO calls and CHTT puts !
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(10:46 AM) netherbow1: TOM how are you playing PSMT ? stock or options ?
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(10:51 AM) Freezinalberta: no email this am yet tom with chat history
(10:52 AM) energy2x: i think RED is out today
(10:52 AM) Freezinalberta: can/us $ spread killing me down 1%
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(10:53 AM) bitterwind4: I sent it to you Freezin...maybe I can't but I did
(10:53 AM) bitterwind4: ]thought it worked
(10:53 AM) Freezinalberta: txs will check
(10:54 AM) bitterwind4: should be there
(10:55 AM) bitterwind4: CSCO off the pivot bp
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(10:56 AM) Freezinalberta: yup txs
(10:57 AM) netherbow1: thxs
(10:57 AM) bitterwind4: ok good
(10:57 AM) bitterwind4: GS grinding hod
(10:58 AM) netherbow1: any opinion on POT in here TOM?
(10:58 AM) Freezinalberta: faz reverse split?
(11:00 AM) tomthetrader: Yes n..banks should go up for several week s
(11:00 AM) tomthetrader: no weak handed shorts now
(11:00 AM) netherbow1: Is it too late to buy GS stock?
(11:00 AM) bitterwind4: GS is printing money for us just like OBama
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(11:02 AM) ajayvee: tom, you still holding DDM and QLD?
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(11:09 AM) tomthetrader: yes with a 1% stop
(11:10 AM) tomthetrader: 143.50 was our sell 25% from IRA profit target but we will reenter in calls again
(11:10 AM) netherbow1: thxs
(11:11 AM) tomthetrader: 143.50 GS sold in IRA so please take some profits ...reminder #5
(11:11 AM) tomthetrader: DIG take some profits at 23.50 and we will reenter
(11:11 AM) tomthetrader: sold DIG
(11:11 AM) tomthetrader: stop DDM and QL:D 1% back
(11:12 AM) arujunaa: bond update: as stated above this morning, i covered my short in tyu9 for a gain. having looked at alot of things last night, my strategy has to change to buying dips rather than selling strength. i think there is much more upside to come.
(11:12 AM) arujunaa: that doesn't mean that we rally in a straight line, but i think 10s can make a run at 3% (3.38% currently). the problem is where to start buying. given st overbought indicators, it's tough to get long here, but if stocks are going down, we are going up. simple as that. i will wait to see an appropriate set-up.
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(11:13 AM) tomthetrader: Thanks Aruj....
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(11:15 AM) tomthetrader: I am on record for higher rates 4.00% by Xmas ...we had a 2% -4% + run I was dead on and a recent TLT run dead on so let's see...if Aruj has it here we could see a lot lower stock prices or at least sideways...he is the Bill Gross of the NET Thanks Aruj
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(11:16 AM) tomthetrader: after 10 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
(11:16 AM) hibuck2: jerk'
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(11:16 AM) thomas_Poland: sorry .. but had my speakers on loud
(11:16 AM) Todd5566: what do you think of GS buy 50000 CIT calls? http://whatstrading.com/2009/07/08/cit-group-inc-cit-175-1162/
(11:16 AM) thomas_Poland: if I could only meet him in person
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(11:16 AM) thomas_Poland: man
(11:16 AM) netherbow1: me too - don't want to miss any of TOM's pearls of wisdom
(11:17 AM) tomthetrader: Great data huge # of contracts
(11:18 AM) tomthetrader: sorry...RED usually keeps mthose infidels out !
(11:19 AM) tomthetrader: 143.80 GS
(11:19 AM) tomthetrader: keep giving us shots at selling more calls
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(11:22 AM) desertone: CME calls OK here Tom ?
(11:23 AM) tomthetrader: yes as long as you get them 3-6 months out near the money ....very volatile but great potential gains
(11:24 AM) desertone: TY Sir !! sounds good
(11:24 AM) jaxbrown22: Out of GS calls with a double THANK YOU TOM!!!!!!
(11:25 AM) tomthetrader: yes
(11:25 AM) tomthetrader: yes
(11:25 AM) tomthetrader: yes
(11:26 AM) desertone: WTG jax
(11:26 AM) jaxbrown22: I'm late today--whats the outlook for the Dow?
(11:27 AM) tomthetrader: fair ...bull bear fight
(11:32 AM) eman11: AA is now down
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(11:33 AM) netherbow1: any opinion on POT in here TOM?
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(11:38 AM) bitterwind4: Tom what is your time frame for DDM long?
(11:44 AM) Todd5566: oil 59.73
(11:44 AM) netherbow1: 60.22 now
(11:45 AM) Todd5566: where do you see the price? I was using http://moneycentral.msn.com/detail/market_quote?symbol=-CL
(11:46 AM) netherbow1: I see it on CNBC ticker at top of screen
(11:46 AM) netherbow1: 60.46 now
(11:47 AM) tomthetrader: pot on a run ...can jump on
(11:47 AM) tomthetrader: bg is better
(11:48 AM) netherbow1: thxs
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(11:58 AM) bitterwind4: ok Tom see your stop 1% DDM so ur still in
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(12:01 PM) tomthetrader: yes
(12:01 PM) bitterwind4: tks
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(12:07 PM) desertone: GS over 144
(12:07 PM) tomthetrader: YEAH
(12:08 PM) tomthetrader: 200 by Labor day
(12:09 PM) bitterwind4: really..ok tks
(12:09 PM) tomthetrader: yes ...powerful move here ...keep reentering long julyb -2011 calls
(12:17 PM) netherbow1: are there any shorter term GS calls you like TOM?
(12:17 PM) netherbow1: as in cheaper
(12:18 PM) bitterwind4: Tom Julys only have 10 days left to expiration which I own. Would an add of August 140's be prudent here in GS
(12:19 PM) bitterwind4: as cheap as you can go would be out of the money julys....see what T thinks
(12:20 PM) netherbow1: yes - waiting - Aug 140s look good but maybe stock better? will see what Tom perfers
(12:20 PM) netherbow1: thxs
(12:20 PM) bitterwind4: ok N
(12:22 PM) bitterwind4: July 145s are now almost what the 135swere yest I think at 5.30 lows
(12:24 PM) bitterwind4: see if we get toms afternoon run in dow. trying a bo on 1 and 3min now
(12:25 PM) arujunaa: bond update: if the 30yr auction tails today, i will buy treasuries. i will use 117.50 on tyu9 as my initial buy level. i'm not sure we get there though.
(12:29 PM) ajayvee: out all my GSGG calls 5.45 to 11. Thanks tom!!
(12:30 PM) longerorshorter: congrats aj
(12:30 PM) longerorshorter: good job
(12:30 PM) bitterwind4: v nice aj
(12:31 PM) bitterwind4: I added aug 145s abit ago
(12:32 PM) tomthetrader: 8133 YM futures bought 10 contracts..stop8088
(12:33 PM) tomthetrader: buying 10 futures contracts on YM the Dow...you can add to DDM or buy DIA calls
(12:34 PM) bitterwind4: Tom what is your timeframe DDM
(12:34 PM) netherbow1: TOM can you please comment re GS ? above
(12:34 PM) tomthetrader: today ..daytrade
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(12:34 PM) tomthetrader: stop is very close
(12:34 PM) bitterwind4: ok tks
(12:34 PM) ajayvee: Jul or Aug calls?
(12:35 PM) tomthetrader: DIA July tight stops
(12:35 PM) tomthetrader: GS will keep going here but I would never buy out of the money calls unless LEAPS
(12:36 PM) netherbow1: wld be buy Aug in the $ calls now?
(12:36 PM) netherbow1: or stock ?
(12:36 PM) tomthetrader: 8125 actual fill YM closeest
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(12:37 PM) bitterwind4: RUT SPX stronger DOW lagging needs to catch up
(12:37 PM) tomthetrader: and VERY VERY tigfht stops on this Obama press conference and 30 year releaSE
(12:37 PM) tomthetrader: EVERYONE EXPECTING GOOD NEWS SO cpould blow up
(12:38 PM) tomthetrader: aRUJ : HOW IS THIS 30 YEAR GOING TO DO...TOO MUCH OPTIMISM?
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(12:39 PM) arujunaa: crapshoot. could tail 10bp or could stop thru 10bp. i favour a tail but i think the market will rebound afterwards
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(12:46 PM) hibuck2: NYSE A/D +1040
(12:47 PM) hibuck2: $PCRCO .98
(12:47 PM) hibuck2: $TRIN .56 $TRIQE .54
(12:47 PM) hibuck2: $TNX 34.03 3.03
(12:47 PM) hibuck2: 3.40
(12:47 PM) hibuck2: $SPX 884.09
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(12:57 PM) hibuck2: $RUT 482.98 very close to the HOD @ 483.34
(12:58 PM) hibuck2: 483.00 now
(1:03 PM) ajayvee: C+ auction
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(1:05 PM) ajayvee: do we still want DDM and DIA calls?
(1:05 PM) bitterwind4: they can jank this mkt
(1:06 PM) bitterwind4: stop still 1% DDM here so about 26.63 for me
(1:06 PM) arujunaa: auction tailed by 2bps. but now bonds are higher.......
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(1:07 PM) tomthetrader: 30 year is at least over !!!! if you want to sell your longs and go to cash OK .....I stopped Break even on the Futures YM trade...made c
(1:07 PM) ajayvee: jank? similar to yank?
(1:08 PM) tcb66: Aruj - Are you still looking for a selloff to get long?
(1:08 PM) tomthetrader: may take small profits in QLD
(1:08 PM) tomthetrader: Stank /
(1:09 PM) dhmohan1963: tom joined late are you changing long term portfolio to sell
(1:10 PM) tomthetrader: No
(1:10 PM) dhmohan1963: tnx
(1:10 PM) tomthetrader: we are still 50% long overall
(1:10 PM) arujunaa: tcb: the 2bp tail was the selloff!!!!! we're now higher!
(1:11 PM) berniectx: From a macro view I just don't see how the USA can have a good economy with all the uber tax and spend policies with the socialists in charge??
(1:11 PM) bitterwind4: gonna wait for the afternoon on DDM. take tight stop or make a litt;e needs tyhru 27 level
(1:12 PM) bitterwind4: dow just testing R see if it holds
(1:13 PM) Fulkdaddy: breaking the downtrend line on the hourly on the ES and TF is close
(1:13 PM) tomthetrader: AJ : you have our official Traders positions ....?
(1:13 PM) tomthetrader: Lucky red : out sailing 1
(1:13 PM) tomthetrader: Boat instead of a computer for a day
(1:14 PM) tcb66: I see from your comment earlier you were looking for 117.50 to get long. Since we didn't get there and bonds have now rallied do you look to buy the first pullback?
(1:14 PM) tomthetrader: I still have a vacation coming
(1:15 PM) tomthetrader: QLD doing well
(1:16 PM) tomthetrader: GS maybe another runn/
(1:16 PM) tomthetrader: BULL/BEAR battle
(1:16 PM) tomthetrader: DIE BULLS OR DIE BEARS ?
(1:16 PM) ajayvee: I have a tough enough time following my own, but I do have the entire chat saved.
(1:16 PM) bitterwind4: GS 145 will be in the money soon maybe if so grt
(1:17 PM) bitterwind4: out DDM 27
(1:17 PM) ajayvee: I took a 2% profit on QLD at 35.22
(1:17 PM) arujunaa: tcb: yes. but i don't know what a pullback is right now. i'm thinking about buying right here!
(1:18 PM) tomthetrader: Thanks for the effort AJ...we had a ton of GS puts Red missed out on yesterday but that is OK ..everyone from the e-mails I got was VERY LONG GS in calls
(1:18 PM) tomthetrader: that is important
(1:18 PM) ajayvee: die bears
(1:18 PM) tomthetrader: and banks are kicking butt
(1:18 PM) tomthetrader: and HBAN even back to + in my IRA
(1:19 PM) tomthetrader: YRWC up 100% from rags to riches
(1:19 PM) tomthetrader: or is it ywrc
(1:19 PM) tomthetrader: TREND DAY UP CONFIRMED
(1:20 PM) tomthetrader: Thabks
(1:20 PM) tomthetrader: Everyone is doing well
(1:20 PM) bitterwind4: yes T tks
(1:20 PM) tomthetrader: lots of big e-mails..one trading group 5 guys from san diego made a total profit 154K on GS calls
(1:21 PM) tomthetrader: And my commisssion
(1:21 PM) Todd5566: yrcw
(1:22 PM) bitterwind4: Tom sometimes Itry to figure where that money comes from....is it some of the money OB is printing...lol Where does it come from.
(1:22 PM) ctmhou: Send them a "Kindly Reminder" Tom that you need a vacation.
(1:23 PM) ajayvee: time for DAG or DYY yet? or DBC?
(1:24 PM) Fulkdaddy: Rev thinks the energy of the bounce is so low that he thinks it fails..although it could go slightly higher 1st
(1:25 PM) tcb66: Thanks for sharing your insights Aruj.
(1:26 PM) arujunaa: tcb: no problem. if there is a clearer set up i will let you know. buying here is high risk. even if it's right, may not be right for this forum.
(1:27 PM) bitterwind4: DOW is mid range on the day
(1:29 PM) tomthetrader: hod soon 1;56 buyers
(1:30 PM) tcb66: Fulk - I agree...this bounce off yesterday's oversold condition is very weak and crude continues to sell off. A move up into the 890-895 area looks like a good short.
(1:31 PM) bitterwind4: dow looks better at R
(1:31 PM) tomthetrader: tbt for this forum if you want bonds
(1:31 PM) tomthetrader: A/D line and Up down volume pretty good ?
(1:32 PM) tomthetrader: best we have seen for weeks ...?
(1:32 PM) tomthetrader: Compared to last month this is a Bull run !!!!
(1:32 PM) tomthetrader: tape has been hideous
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(1:33 PM) tomthetrader: good thing on rates is we may see some deflation in the cpi ppi out
(1:33 PM) tomthetrader: CHTT was a great short
(1:33 PM) tomthetrader: GCI is too ..not as good though
(1:34 PM) tomthetrader: INFY selling short into earnings
(1:35 PM) tomthetrader: haven't we gotten 20 ES off the lopws in ES ?
(1:36 PM) Fulkdaddy: 17
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(1:36 PM) tomthetrader: nice move but if that is it...we are in for a test of 850 /
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(1:38 PM) tomthetrader: 145.00 GS from 135 yesterday lod ?
(1:38 PM) tomthetrader: powerful
(1:39 PM) tomthetrader: from all the e-mail members they consider it the best call of the year next to the March ES and TF BUYS !
(1:40 PM) tomthetrader: GS forward P/E with new predictions is 6
(1:40 PM) ajayvee: agree, it was your best!!
(1:40 PM) bitterwind4: tbt v strong bounce here
(1:41 PM) tomthetrader: TBT is our play short termas I said
(1:41 PM) tcb66: Kass expecting a sideways to down market thru the summer - http://www.thestreet.com/newsanalysis/investing/10538860.html
(1:41 PM) tomthetrader: rates will rise into inflation data
(1:41 PM) tomthetrader: Kass not posting much was red hot and got the slow hand ...tepid
(1:42 PM) tomthetrader: while we got aggressive
(1:44 PM) tomthetrader: VWAP VWAP VWAP
(1:44 PM) tcb66: Unbelieveably tight range today in the TF....something's got to give
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(1:44 PM) tomthetrader: YES ...the small gains may turn to 0 or double at the bell
(1:44 PM) thomas_Poland: probably will rally
(1:45 PM) arujunaa: bonds can soften in the short term, tom. but we will rally much more imo.
(1:45 PM) jaxbrown22: TOM When to close out DIG calls? Maybe switch into DXO for medium term play?
(1:45 PM) tomthetrader: lower rates would be great for me Aruj TBT short term and back to TLT ZTR
(1:47 PM) tomthetrader: DIG bwe exited this a.m.
(1:47 PM) tomthetrader: 23.50
(1:47 PM) hibuck2: JNJ may be breaking to the upside
(1:47 PM) tomthetrader: JNJ tuesday earnings with GS ...I have a sell short on JNJ
(1:48 PM) dhmohan1963: can some one look at AMLN is it looking good or not
(1:48 PM) hibuck2: ok thxs tom
(1:48 PM) bitterwind4: JNJ the stock or with puts??
(1:48 PM) bitterwind4: will watch
(1:49 PM) tomthetrader: stock ..I have not entered puts yet...hoping for a big runup
(1:49 PM) bitterwind4: ok
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(1:57 PM) bitterwind4: Dow just could not get thru the R 8105 intraday level
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(1:59 PM) bitterwind4: BGZ isone now
(1:59 PM) bitterwind4: wrong key bd
(1:59 PM) thomas_Poland: can we make 890 today? in ES?
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(2:03 PM) tomthetrader: OIL
(2:03 PM) tomthetrader: USO daytrade into close
(2:04 PM) tomthetrader: I am long futures from 59.75
(2:04 PM) tomthetrader: CLU9
(2:05 PM) jaxbrown22: Still using DIG as a proxy!?
(2:05 PM) ajayvee: into close of oil pit or stock market?
(2:06 PM) tomthetrader: stock market
(2:06 PM) tomthetrader: oil stocks up too much DIG no good USO or futures only
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(2:07 PM) tomthetrader: OXY calls I won also
(2:08 PM) Freezinalberta: uso 32.56 buy? 10%? traders?
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(2:09 PM) tomthetrader: FAST puts still a play earnings Monday buy now
(2:09 PM) tomthetrader: Got Freezin
(2:10 PM) tomthetrader: you know how to fill and play Traders USO 10% long USO
(2:10 PM) tomthetrader: 32.56
(2:10 PM) tomthetrader: stop 32.00 hard
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(2:17 PM) bitterwind4: GLW spark of life may rtest yest highs
(2:18 PM) bitterwind4: BGZ justoff lod
(2:19 PM) tomthetrader: stop USO 32.50 now
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(2:22 PM) tomthetrader: UPDATE TRADERS 25% qld AND 25% ddm ....SELLING AT CLOSE OR NOW
(2:22 PM) tomthetrader: WE WILL BE IN CASH AT CLOSE
(2:22 PM) tomthetrader: ttt tRADERS WILL BE IN CASH moc
(2:22 PM) tomthetrader: If not sooner
(2:23 PM) tomthetrader: If you took profits already AOK ..if Not set very tight stops to getyou to cash
(2:24 PM) hibuck2: $SPX broke yesterday high 886.80 now @ 887.31
(2:25 PM) tomthetrader: yes
(2:25 PM) tomthetrader: ]very bu;llish
(2:25 PM) tomthetrader: we are 60% long in Traders with a .10 stop on DDM QLD and USO
(2:25 PM) tomthetrader: please be careful out there we have had a near perfect day
(2:25 PM) hibuck2: $RUT 483.66 HOD
(2:25 PM) tomthetrader: maybe one more trade into close
(2:26 PM) bitterwind4: TBT up
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(2:26 PM) tomthetrader: TREND day latent qualities will get us short term overbought and get the buy signal OK'd
(2:27 PM) tomthetrader: TBT was a good short term play post auction but TLT next week
(2:27 PM) bitterwind4: DDM did get its late day ralley
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(2:30 PM) bitterwind4: No changes ira or Main acct??
(2:33 PM) bitterwind4: cash just in traders account right to cash tia
(2:33 PM) tomthetrader: yes just Traders
(2:33 PM) bitterwind4: tks
(2:33 PM) tomthetrader: we sold DIG GS
(2:33 PM) arujunaa: fyi tom, tyu9 is HIGHER than when the auction tailed. just know that tbt/tlt can trade very differently from tyu9.
(2:33 PM) tomthetrader: everything else stays
(2:34 PM) tomthetrader: Thanks Aruj : yes everyone has to know like UNG USO etc...they do not trade PURE like the futures
(2:34 PM) tomthetrader: very good point...hope we all know that
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(2:35 PM) tomthetrader: USO and several others including TLT TBT are way off sometimes due to constraints
(2:36 PM) tomthetrader: so ARUJ : is right if you want a pure bond pplay go to the futures
(2:36 PM) tomthetrader: Thanks Aruj
(2:37 PM) tomthetrader: If you have not sold DIG calls yet ..you should soon
(2:37 PM) bitterwind4: Tom, if I may ask...how is friday shaping up here
(2:38 PM) tomthetrader: 32.61 stop USO
(2:38 PM) tomthetrader: Friday a 60/40 bulls
(2:39 PM) tomthetrader: Bulls may take the Ball today on a decent close...ugly close BEARSXin control and we will short
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(2:41 PM) tomthetrader: I am selling DDM and 10% QLD
(2:41 PM) tomthetrader: please verify prices for Red
(2:42 PM) tomthetrader: we will close out the rest QLD on the close
(2:42 PM) tomthetrader: let's take these hard earned gains
(2:42 PM) tomthetrader: if nyou still want to be long buy DIA calls
(2:42 PM) tomthetrader: but Traders is heading out on top
(2:44 PM) tomthetrader: in cash at close
(2:45 PM) tomthetrader: 27.10 DDm 35.17 Qld
(2:49 PM) bitterwind4: might we expect a gap down open on GS to reload in the morning... profit taking from this grt day??
(2:49 PM) tomthetrader: yes
(2:49 PM) tomthetrader: anyone see Investors intel and AAII data
(2:49 PM) tomthetrader: ypou guys should follow this
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(2:50 PM) tomthetrader: FDO our pick was the best performer...strength begets strength
(2:51 PM) tomthetrader: LOVE FDO
(2:52 PM) ajayvee: where to find it?
(2:54 PM) tomthetrader: where to find Family dollar /
(2:58 PM) arujunaa: bond update: i bought 25% long tyu9 at 117.75. risk of lower prices, but i have to start somewhere
(2:58 PM) tomthetrader: Great Aruj.....
(2:58 PM) tomthetrader: Thank you
(2:59 PM) tomthetrader: what is your current 10 year rate with this trade Aruj /
(2:59 PM) tomthetrader: so we can match action in TLT TBT
(2:59 PM) azags: I was away from the computer but I sold my bgu at 30.4. I sold qld at 35.1. I bought back to close my naked fxp July 13 calls at .5. I still have naked dxd and qid calls which I may close out
(2:59 PM) tomthetrader: 3.41 %
(3:00 PM) tomthetrader: We are in good shape in CASH now
(3:00 PM) tomthetrader: 100% cash with USO MOC sell
(3:00 PM) arujunaa: 3.41/42% but for tbt/tlt you need to watch the 30yr, NOT the 10yr
(3:01 PM) Freezinalberta: do you think market lower to close tom?
(3:01 PM) netherbow1: TOM are you in NCTY stock or options for earnings ?
(3:02 PM) azags: Why cash when the buy signal hasn't had its full effect. Are you reloading in the am? Also what is the decimal point finish for the Dow today?
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(3:12 PM) tomthetrader: 8210.10
(3:13 PM) tomthetrader: I think we had all the gains we could get today I sold right on the highs of the day if you look at the charts
(3:13 PM) tomthetrader: can't get much better than that
(3:14 PM) azags: where are you with the stocks t, glw?
(3:14 PM) azags: Thanks
(3:15 PM) tomthetrader: NCTY Calls
(3:15 PM) tomthetrader: July small position
(3:15 PM) tomthetrader: for today
(3:15 PM) tomthetrader: INFY puts
(3:16 PM) bitterwind4: be grt to see a quick pb in GS to the gap from this am to reload about 141.
(3:16 PM) tomthetrader: SGR calls
(3:16 PM) bitterwind4: acting v strong still
(3:16 PM) netherbow1: 7.50s?
(3:16 PM) Freezinalberta: do you think any more buys today , tom
(3:16 PM) tomthetrader: YES GS is know to make 4-5 moves in the week before the release
(3:17 PM) tomthetrader: NYA still up nice broad ,market still bullish
(3:17 PM) tomthetrader: No more trades todaY
(3:17 PM) tomthetrader: JUST xANAX AND cOKE
(3:17 PM) tomthetrader: Coke zero
(3:17 PM) bitterwind4: will be watching closely.....GS
(3:18 PM) tomthetrader: JBL Judy will put me in place if I do bad things to my health ...
(3:18 PM) tomthetrader: Right Judy ?
(3:18 PM) jbljudy: I'm keeping my eye on you!
(3:19 PM) tomthetrader: Thank you !
(3:19 PM) Freezinalberta: rum and coke
(3:19 PM) Freezinalberta: with lime
(3:20 PM) Freezinalberta: keeps the dreaded scurvy away
(3:20 PM) thomas_Poland: grandpa songs again
(3:20 PM) tomthetrader: 8210.10 Gramps
(3:20 PM) tomthetrader: Queen can rock
(3:21 PM) Freezinalberta: heh best generation for songs
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(3:21 PM) Freezinalberta: rock on fellow grandpa's
(3:21 PM) bitterwind4: was going to ask for a download of your tunes Tom
(3:22 PM) thomas_Poland: is there anyone here younger than carbon?
(3:22 PM) thomas_Poland:
(3:22 PM) netherbow1: Is that download with TOM singing along BITTER?
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(3:23 PM) bitterwind4: absolutely
(3:23 PM) longerorshorter: tom what do you anticipate for gs for tomorrow
(3:23 PM) tomthetrader: YEAHHHHHHHHHHHHHHHHHHHH
(3:23 PM) tomthetrader: I have a following ...CD at Xmas ?
(3:23 PM) hibuck2: NYSE A/D +1120
(3:23 PM) hibuck2: $PCRCO 1.01
(3:23 PM) netherbow1: I'll take 2 TOM - lol
(3:23 PM) hibuck2: $TRIN .71 $TRIQE .51
(3:24 PM) hibuck2: $TNX 31.13 3.41
(3:24 PM) Freezinalberta: we'll convert tp yet
(3:24 PM) hibuck2: $SPX 883.39
(3:24 PM) tomthetrader: Barclays Capital 20+ Year U.S. Treasury index. The fund generally invests at least 90% of assets in the bonds of the underlying index and at least 95% of assets in U.S. government.
(3:24 PM) hibuck2: $RUT 482.09
(3:25 PM) tomthetrader: TLT lists its performance vs 10's and 30' correlates well with 10 year
(3:25 PM) Fulkdaddy: Tom, great job exiting the longs...another great trade!
(3:26 PM) tomthetrader: For those seeking 10- 30 year 2x TLT is a good instrument
(3:26 PM) tomthetrader: Futures are the best but TLT can get you a good bang
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(3:26 PM) tomthetrader: Thank you Dave
(3:27 PM) tomthetrader: Had a feeling we would stall
(3:27 PM) tomthetrader: at least thomas told me we would !
(3:27 PM) tomthetrader: My little Seikio Queen ?
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(3:27 PM) tomthetrader: TP Hammer in Pink
(3:27 PM) arujunaa: that's why i don't trade tlt or tbt. it's a scam. comparing the performance of 20+ year bonds to the 10yr is like comparing a mini to a ferrari and saying that they both can move
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(3:28 PM) desertone: Tom did U C the volume on the GS 135 Aug Puts? 10956
(3:28 PM) tomthetrader: Thbaks ..you know us stock traders ...if it makes us money we buy it
(3:28 PM) desertone: What say U?
(3:28 PM) tomthetrader: we are not as scientific ...more by the guts
(3:28 PM) tomthetrader: bond traders live longer but have no fun 1
(3:29 PM) arujunaa: you should trade options on tnx rather than trade tbt/tlt imo
(3:29 PM) tomthetrader: GS a MONSTER 200.00 stock in 2010
(3:29 PM) tomthetrader: right now they will play options ...and kill everyone
(3:29 PM) tomthetrader: we did good
(3:30 PM) tomthetrader: or well
(3:30 PM) tomthetrader: Yes TNX but you have a large spread Aruj
(3:30 PM) tomthetrader: options manipulation
(3:31 PM) tomthetrader: TLT is good for this forum ...TBT ...get great volume and you can be stupid and double your money if you have the right direction
(3:31 PM) desertone: We did good thnks to U with GS
(3:31 PM) tomthetrader: like I always do 1
(3:31 PM) tomthetrader: Great day we are doing well
(3:31 PM) tomthetrader: I have to get the dow up or zags will can me /
(3:32 PM) tomthetrader: 28 minutes to buy YM futures for a 40 point run ?
(3:32 PM) azags: yes or I will call PPT in to do your work
(3:36 PM) ajayvee: is the line busy zags?
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(3:38 PM) azags: PPT will only act if I am heavily long but I sold a fair amount today so they are more blase in helping the free world today
(3:38 PM) ajayvee:
(3:38 PM) richardt_5: just got on the puter. should be fun to read todays transcripts
(3:39 PM) richardt_5: any guess on the direction of the trend tomorrow? any ETF picks Tom?
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(3:49 PM) bitterwind4: Tom do you use Fibonacci levels ..as in predicting a reasonable leve for GS to . Just y/no. tks
(3:51 PM) ajayvee: i guess the xanax worked for tom
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(3:55 PM) tomthetrader: 10 per cent stay in uso
(3:55 PM) eman11: y
(3:55 PM) derr11: y
(3:55 PM) sttteve: y
(3:57 PM) azags: yes
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(3:57 PM) bitterwind4: Tom call LSI Institute in Scotsdale Az on the back.
(3:58 PM) azags: thanks Tom
(3:58 PM) tomthetrader: OK
(3:58 PM) hibuck2: thxs tom gn
(3:58 PM) netherbow1: thxs TOM
(3:58 PM) DE_TTT: It will be noted in your review, Tom.
(3:58 PM) derr11: Thanks Tom
(3:58 PM) tomthetrader: Thank you
(3:58 PM) bitterwind4: tks
(3:58 PM) tomthetrader: good working together allmof you
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(3:58 PM) tomthetrader: all of you
(3:58 PM) tomthetrader: the pills ...the pills
(3:58 PM) sttteve: feel better
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(3:59 PM) tomthetrader: DE: be nice....I need a raise in this economy 1
(3:59 PM) tomthetrader: Thanks stev
(4:00 PM) DE_TTT: LOL...Thanks, Tom. Good stuff as always.
(4:00 PM) tomthetrader: Yes
(4:00 PM) tomthetrader: Tom Petty takes us out
(4:01 PM) tomthetrader: DOW and all indices GREEN MR CHIPS BIG UP DAY !!!!!
(4:01 PM) eman11: Thanks Tom hope you feel better.
(4:02 PM) tomthetrader: congrats on the big ES gains E ...keep up the hard work
(4:02 PM) tomthetrader: TTT out
(4:02 PM) tomthetrader: GS too
(4:03 PM) tomthetrader: INFY late action
(4:03 PM) tomthetrader: pros now saying a beat
(4:04 PM) tomthetrader: I am short INFY
(4:04 PM) tomthetrader: LONG SGR and NCTY
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(4:04 PM) ajayvee: looks like RUT closed in the red
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(4:05 PM) tomthetrader: not a good day considering the setup
(4:05 PM) tomthetrader: tcb and dave were right ...poor showing but not horrible
(4:05 PM) tomthetrader: c-
(4:06 PM) TTTMichael: If market cannot rally from deep oversold conditions the future does not look bright. Sold QLD at close
(4:06 PM) tomthetrader: please post any news on infy ncty or sgr
(4:06 PM) tomthetrader: agree michael
(4:07 PM) netherbow1: Yahoo doesn't show NCTY as reporting soon - is it tonite tho ?
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(4:07 PM) tomthetrader: good thing is we are still oversold short term ..so another weak rally would seal the deal
(4:07 PM) tomthetrader: briefing has it today ?
(4:07 PM) tomthetrader: 1st call today ?
(4:07 PM) TTTMichael: My cycle work has prices lower. With option expiration next week things could get real ugly
(4:08 PM) netherbow1: thxs, I guess they are more reliable
(4:08 PM) tomthetrader: I am pretty neutral still on a buy into tomorrow but it will wear off
(4:08 PM) tomthetrader: with alot of money made on it
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(4:09 PM) tomthetrader: stock pickers market now ..one big pick can make your month
(4:09 PM) tomthetrader: oh we got that !
(4:09 PM) tomthetrader: GS over 1 million made with all members counted /
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(4:10 PM) TTTMichael: My cycles are short to intermediate term. You called the long swing trade which was perfect.
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(4:11 PM) tomthetrader: the selloff from 950 to 870 was perfect ...now is it a bull or bear ?
(4:12 PM) tomthetrader: most I see / respect say Bear
(4:12 PM) tomthetrader: another leg down after 1st 2 weeks of earnings
(4:12 PM) tomthetrader: I agree
(4:12 PM) TTTMichael: I see lower for another week or two. Maybe a big whoosh. Looking to get swing short on next weak rally
(4:13 PM) tomthetrader: but can make some big dough sideays here
(4:13 PM) tomthetrader: I think you may get your weak rally Friday into monday
(4:13 PM) tomthetrader: TUESDAY GS and JNJ baked in sell thenews /
(4:14 PM) TTTMichael: Great call yesterday on GS. Time to go. See you all tomorrow.
(4:14 PM) tomthetrader: bye bye
(4:15 PM) netherbow1: nite
(4:15 PM) tomthetrader: nite
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(4:18 PM) netherbow1: I don't think NCTY is tonite
(4:19 PM) desertone: GN everyone
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(4:21 PM) netherbow1: nite everyone - thxs again TOM
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(4:38 PM) tomthetrader: Thank you ...SGR was up 3% than dropped ....NCTY ?
(4:39 PM) tomthetrader: INFY ?
(4:39 PM) tomthetrader: EEM july 31.00 puts look at tomorrow
(4:40 PM) tomthetrader: EEM july 31.00 puts
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(5:00 PM) Alert: Standout Canadian indie singers Carmen & Camille are LIVE on News Talk Online in the Radio/TV Section NOW [Free Video]
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redliontrader: Hi, back from sailing.. went through log.. I missed the sale price on the 2K GS in IRA..
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(5:26 PM) sttteve: I believe 143.50 but check further
(5:26 PM) sttteve: hope you had a good time sailing. where do you live that you had all that bad weather in new england?
redliontrader: yes, maine
(5:33 PM) sttteve: usually nice place to be this time of year
redliontrader: usually, that's why I summer here - lol
redliontrader: today was great!!!!!!!!!!!!!
(5:35 PM) sttteve: glad to hear that. you have been working too hard
redliontrader: I trades out of my GS options during the sail.. that felt nice..
redliontrader: traded..
redliontrader: etrade has a nice IPHONE app
(5:35 PM) sttteve: great day for us today
redliontrader: yes.. added it all up.. did we close out the remaining 15% DDM.. it didn't see that exit
(5:37 PM) sttteve: yes DDM and QLD closed not sure of the prices
