(9:10 AM) Alert: Hi , Welcome to TTT
tomthetrader: Good Morning
tomthetrader: Looks flattish....we got another footsave yesterday on the close by our GS / Gov't sponsored entities ?
(9:12 AM) Fulkdaddy: It sure seems the government is buying the stock market...a cheap way to restore consumer confidence
(9:12 AM) Fulkdaddy: why not do it?
tomthetrader: Paul Volcker classic ...but eventually the Market forces will take back over
tomthetrader: for now it is a tough short but we are getting better at it !
(9:14 AM) Fulkdaddy: Yes, smart money will see the over valuations and start shorting in force
tomthetrader: Yes...and the overwhelming indications are we still have toxic assets everywhere
(9:15 AM) azags: Paltalk seems to be okay this am. Yesterday I was repeatedly knocked off in minutes. Yesterday I played with covered calls of qld and ddm and when the market went up at the end of the day I sold ddm at34.95 and qld in the AH at 44.98. I now have naked calls, a bearish position
tomthetrader: we have just propped up corporate America for 1-3 quarters
tomthetrader: Glad Paltalk better
(9:15 AM) rjllanas: gm
tomthetrader: Good morning
(9:17 AM) Fulkdaddy: FABER IS talking about interesting China statistics
tomthetrader: trying to short is like cutting your finger and sticking it in a piranha tank...just to see what happens.
(9:18 AM) Fulkdaddy: lol
tomthetrader: So many bears are capitulating
tomthetrader: pro's ...big names / experts gurus all giving in daily
(9:19 AM) ajayvee: g'mornin
(9:19 AM) Fulkdaddy: gm
(9:19 AM) rjllanas: y
(9:22 AM) azags: You expect SPX cash to drop to?
(9:24 AM) redliontrader: right at 1600 now
tomthetrader: Thank you
(9:31 AM) thomas_Poland: Es never lost -1.0% or more during there first hour of preFOMC day session since 2000
(9:31 AM) thomas_Poland: from Tradingtheodds
(9:32 AM) thomas_Poland: and now we are at very important trendline which stopped this market few times
(9:32 AM) willwin: have nq support on daily 15.77.50
tomthetrader: Thank you Frank ...though cold ...is a great stat man
(9:34 AM) hibuck2: Tom ru stop out of DUG or still hldg?
(9:35 AM) hibuck2: i see it it is in the main fund
tomthetrader: we should be long DUG yes
(9:36 AM) hibuck2: yep got it thxs
tomthetrader: Your welcome
tomthetrader: You all have the scanned list of stocks we are going to enter
(9:38 AM) dhmohan1963: please send e mail list so that it is easy
tomthetrader: OK
tomthetrader: 21.39 bought CSCO
tomthetrader: 10% Main
(9:41 AM) thomas_Poland: 15 min chart bouncing off 3 lines
(9:42 AM) hibuck2: $PCRCO .57
(9:42 AM) rjllanas: tza 15.40
tomthetrader: QCOM 45.88 10% Main
tomthetrader: E mail coming
(9:43 AM) hibuck2: $VIX 25.63
(9:45 AM) azags: bought csco at 21.3
tomthetrader: CSCO QCOM FCX
tomthetrader: 30% Long MAIN Now
tomthetrader: 61.31 FCX
(9:47 AM) ajayvee: TZA moving up
(9:48 AM) thomas_Poland: ok .. now .. there is good chance we will have low of the week on Friday
(9:48 AM) thomas_Poland:
(9:48 AM) eman11: I think we have atrend down day according to Trader Vic rule
tomthetrader: Great day in the morning a selloff on a sell signal !
(9:49 AM) rjllanas: sweet tza
(9:50 AM) Fulkdaddy: Eman, that is how I read it...Thomas, you agree?
(9:50 AM) Fulkdaddy: Rut Leading to the downside
(9:50 AM) thomas_Poland: 994 support and another 'last chance' trendlie
tomthetrader: CAL 11.75 10% in Main
(9:50 AM) thomas_Poland: Dave what are you asking ?
(9:51 AM) Fulkdaddy: Trader Vic rule says down day
(9:52 AM) Fulkdaddy: Is that how you read it?
(9:52 AM) thomas_Poland: yes
(9:52 AM) Fulkdaddy: Rut now down 4%
(9:52 AM) Fulkdaddy: from peak
(9:52 AM) thomas_Poland: so any rally may be shorted
(9:52 AM) Fulkdaddy: thanks, Thomas
(9:52 AM) thomas_Poland: but it does not mean we can not go higher later .. it only means we can short any rally ...
(9:53 AM) thomas_Poland: that is how I think about it ..
(9:53 AM) redliontrader: Dug at B/E Stops?
(9:55 AM) Fulkdaddy: What does everyone see regarding oil? Did it fail at resistance?
tomthetrader: yes please RED ...Thank you
tomthetrader: We saw weakness to 57.50 developing at a failed high Dave
tomthetrader: DUG DTO great hedges
(9:57 AM) Fulkdaddy: I am long DTO
tomthetrader: Great
tomthetrader: HPQ 10% 43.50
tomthetrader: Main
(9:59 AM) Fulkdaddy: Lets see how much vigour is in this bounce attempt
tomthetrader: Dave are you still in DBA ?
(10:00 AM) Fulkdaddy: no
tomthetrader: stopped out or never entered ?
(10:01 AM) Fulkdaddy: I am thinking we get a market pullback and would like to buy back in DBA lower
(10:01 AM) Fulkdaddy: stopped out
tomthetrader: Thank you
(10:01 AM) Fulkdaddy: the bounce attempt was pretty weak
(10:01 AM) Fulkdaddy: LOD
(10:03 AM) redliontrader: 10:00 am new highs 28 tracking behing bar-5 by -35 so almost certainly our 5day will continue downward this is the 5th day in row we have had a weaker 30 minute opening new high.. we are tracking 7 below y'day.. we are on track today to close between 46 and 70 new highs.. which of course is below y'day and bar-5
tomthetrader: Tremendous....% wise ...do you have a selloff target ?
(10:04 AM) Harrod_t: PBTO
(10:05 AM) dhmohan1963: it had a very low volume 10000 per day
(10:05 AM) willwin: bpt?
(10:05 AM) redliontrader: spx.. 985 tgt 3% pb
(10:05 AM) rjllanas: ptbq
(10:05 AM) hibuck2: BRCD strong in a week market
(10:05 AM) hibuck2: 8.26
(10:07 AM) rjllanas: wasnt it pbtq power shares global biotech
tomthetrader: 53.20 XBI
tomthetrader: 10% Main
(10:08 AM) rjllanas: i am lost
tomthetrader: we will Buy XBI 10% Main
(10:09 AM) rjllanas: i missed the question
(10:10 AM) rjllanas: ok
(10:10 AM) rjllanas: tza sweet still holding from yesterday
(10:11 AM) dhmohan1963: look at PBE has a better charts what do you think
tomthetrader: LIMIT ORDER TO SELL DUG 17.00 GTC
(10:12 AM) thomas_Poland: we reacted from the lower trendline
(10:12 AM) thomas_Poland: on 15 min chart
(10:12 AM) thomas_Poland: ir we break it now .. we will move much lower
(10:13 AM) redliontrader: oil pushing the bottom of my chart down nearly 2$ from today's hi
(10:13 AM) thomas_Poland: 994 is support again
(10:14 AM) dhmohan1963: tom MCD is out of picture had a good correction and popped yesterday
(10:14 AM) dhmohan1963: it was on the list
tomthetrader: Yes ...we are adding soon
tomthetrader: WMT we missed
tomthetrader: TGT on the list with NKE
tomthetrader: 996 we will go long 5 units of ES
(10:23 AM) hibuck2: not yet
(10:23 AM) eman11: No Still open
(10:23 AM) sttteve: not filled yet
tomthetrader: Take DUG off
tomthetrader: 16.99
(10:25 AM) hibuck2: out 16.98
(10:26 AM) sttteve: outtoo 17
(10:26 AM) Fulkdaddy: Trend day down Tom?
(10:26 AM) Fulkdaddy: A/D -1655
(10:27 AM) hibuck2: thxs for the trade Tom
(10:28 AM) hibuck2: u would have no idea how much money i hv made to only watch it slip away greed
(10:29 AM) hibuck2: QQQ TN 1.71
(10:29 AM) hibuck2: $PCRCO .57
(10:29 AM) hibuck2: falling
(10:30 AM) thomas_Poland: out of short .. now you can short it .. they will move down now
(10:30 AM) thomas_Poland: they always wait for me to cover
(10:31 AM) hibuck2: $TRIN .81 $TRIQE 1.12
tomthetrader: Great Trade Thomas ...very good job
(10:31 AM) sttteve: Tom should we be long ES?
tomthetrader: we should be in Long ES U9
(10:31 AM) sttteve: ty
(10:32 AM) thomas_Poland: 10:50-10:55 I expect maybe some long trade
(10:33 AM) hibuck2: close QQQ TN 1.70
(10:34 AM) thomas_Poland: they defend 994 as it is the most important number in the world
(10:35 AM) redliontrader: 10:30 NHs are 31 which is now tracking 46 behind bar-5 loosing another 11 and also 11 behind y'day an increasing loss of 4 - predicted close range is 50 to 65 which will be the lowest in 17 trading days..
(10:35 AM) redliontrader: great trade hibuck
(10:35 AM) thomas_Poland: red .. what is this 'system' with new highs new lows ?
(10:35 AM) thomas_Poland: sorry .. but was not watching it ..
(10:37 AM) redliontrader: don't you read my emails?
(10:37 AM) thomas_Poland: they are in dev/null device
tomthetrader: Thomas is a bad boy
(10:37 AM) thomas_Poland: if you know unix
(10:37 AM) thomas_Poland: kidding
(10:38 AM) redliontrader: i wrote unix
tomthetrader: too much X trends for him
(10:38 AM) redliontrader: lol
(10:38 AM) thomas_Poland: red .. I do not understand them .. that is how stupid I am
(10:38 AM) thomas_Poland: I can only read Seiko
(10:39 AM) redliontrader: we are trying to learn how to use the NYSE new highs as a momentum indicator since all stocks have been reset effectively as a result of this decession..
(10:39 AM) redliontrader: or is it repression?
(10:39 AM) thomas_Poland: ok
(10:40 AM) thomas_Poland: now you are talking chinese
(10:40 AM) thomas_Poland: ok .. i got it
(10:40 AM) redliontrader: on friday we made a higher hign on the SPX but did not make an new high High.. divergence.. we bougth TZA at the close
(10:41 AM) thomas_Poland: cool
(10:42 AM) dhmohan1963: tom u still like gild
(10:44 AM) hibuck2: thxs red
(10:47 AM) Fulkdaddy: Red, Dr. Alexander Elder uses the NH-NL as what he believes to be the most important indicator for this type of use. Can you add it to your analysis?
(10:47 AM) Fulkdaddy: Elder is very good
(10:47 AM) redliontrader: if you have a link that would be great.. i will read up
(10:48 AM) thomas_Poland: 10:50 bar
(10:48 AM) thomas_Poland: I have 10:50-10:55 as possible long
(10:49 AM) Fulkdaddy: I will send the latest Elder e mail to Tom to forward...he discusses NH-NL at length
(10:49 AM) hibuck2: $VIX 26.44 HOD
(10:50 AM) hibuck2: NYSE A/D -1849
(10:50 AM) hibuck2: NAZ A/D -3408
tomthetrader: Thanks Dave
(10:50 AM) thomas_Poland: you see reaction now?
(10:50 AM) thomas_Poland:
(10:50 AM) thomas_Poland: I hope magic seiko is not going to trap me
(10:51 AM) Fulkdaddy: Amazing timing Thomas
(10:51 AM) thomas_Poland: it still can go much lower .. but reaction was ther
(10:51 AM) thomas_Poland: there
(10:51 AM) thomas_Poland: and i need confirmation now
(10:51 AM) thomas_Poland: if I get it I will be long
(10:53 AM) redliontrader: I have the TF at 3% pb now.. that has been a good bounce in the past 560ish
tomthetrader: Thank you My ZUPI is at 4.1%
tomthetrader: High to lows
(10:54 AM) redliontrader: NQ needs to hit 1585 ish
(10:54 AM) redliontrader: for 3%
(10:54 AM) redliontrader: and YM is right on the 2% right now
(10:54 AM) redliontrader: as is es
tomthetrader: NQ a buy at 1589
tomthetrader: COMP we called the TIPPY TOP to the hours 2008.50 now 1965.00
(10:56 AM) dhmohan1963: time to sell tza
(10:56 AM) traderh_2: Just sold my TZA thanks TOM
(10:58 AM) dhmohan1963: tom i have some TZA and SRS guide please
(10:58 AM) dhmohan1963: also FAZ
tomthetrader: SELL DH MOHAN
tomthetrader: Take any profits you cand ...leave enough to hedge some DH
(11:04 AM) redliontrader: hibuck.. do you have a QQQ option call you like?
(11:05 AM) dhmohan1963: well it is all gone
(11:06 AM) hibuck2: no red
(11:07 AM) hibuck2: i will let u know if i do
(11:07 AM) redliontrader: hibuck.. ok..ty
tomthetrader: 994 SPX support
(11:09 AM) thomas_Poland: another try to break 994 on 45 min ES chart
(11:09 AM) thomas_Poland: we will see at 11:45
(11:09 AM) thomas_Poland: but we broke it few times lately ..
(11:10 AM) thomas_Poland: but always on not so good volume ..
(11:10 AM) thomas_Poland: but .. down breaks do not need to much volume
tomthetrader: pretty sure this rally off the 4% area will be a decent one
tomthetrader: into Labor Day
(11:16 AM) thomas_Poland: 11:55 next cchance
(11:16 AM) thomas_Poland: 11:50
(11:18 AM) eman11: The 5 ESU contracts are not listed in the Portfolio.
(11:19 AM) sttteve: about to ask sam e? eric
(11:19 AM) redliontrader: sorry.. missed the trade
(11:19 AM) sttteve: np I miss a lot of things
(11:20 AM) redliontrader: someone give the data.. I lost a screen y'day so my paltlk window is small
(11:20 AM) eman11: 5 ES Long at 996
(11:21 AM) redliontrader: thanks e
tomthetrader: we will add 5 more here too to get to 10 RED
(11:22 AM) eman11: 991-991.25
(11:22 AM) redliontrader: 10 @ 993.50
tomthetrader: 5 at 991.00 5 at 996 ES long stop 944
tomthetrader: Perfect
(11:23 AM) glen_timefreedom: 944?
tomthetrader: Yes stop ES at 944
tomthetrader: and we will move up daily
(11:36 AM) hibuck2: $PCRCO .75
(11:37 AM) hibuck2: $TRIN .98 $TRIQE 1.27
(11:38 AM) redliontrader: 11:30 new highs 34 now tracking 62 behind bar-5 so even more weakening as that has increased by 16 over the last hour and we tacking against y;day we are now 22 behind and increase of 11..
(11:47 AM) traderh_2: OK RED
tomthetrader: 160.38 GS 10% Long in Main
tomthetrader: going 10% long in GS
(11:50 AM) thomas_Poland: I just watched introduction movie on Elders site
(11:50 AM) thomas_Poland: sorry .. cannot hear his english .. my english suck .. but his ... no comments
(11:50 AM) thomas_Poland: cannot hear it
tomthetrader: BUY RIMM here at 71.75 10%
tomthetrader: Buying RIMM 71.75 10%
(11:55 AM) Fulkdaddy: Elder is a former Russian Pyschologist
(11:56 AM) Fulkdaddy: Tom, why is this not a trend day down?
tomthetrader: Bull market
tomthetrader: too much hunger for "cheap stocks "
(11:58 AM) traderh_2: No fill on RIMM. Yet
(11:59 AM) redliontrader: i have potential market bottom at 11:15 now with high tick of the day
tomthetrader: a possible retest of the lows in a Whoosh may occur into the p.m.
tomthetrader: just from the "FEEL" of the market it seems we may have one more push but it will be quick...let's see
(12:00 PM) DE_TTT: Bot AMKR,CY,TER,CRNT,LVLT...just fyi. Regards, MrChips
(12:01 PM) DE_TTT: Good to be back!
(12:01 PM) DE_TTT: Chips and 4G stuff.
tomthetrader: USD QCOM RIMM
tomthetrader: ?
(12:01 PM) DE_TTT: I like allll 3 here.
(12:02 PM) DE_TTT: AMAT reporting tonight. I don't think they will be overwhelmingly positive, but I think ppl will buy any weakness.
(12:04 PM) eman11: RIMM is down lately due to woories about appl taking their customer away, appl rumored to have a new device for verizon customers.
tomthetrader: AAPL stores packed ...I still think RIMM gets its business companies and is a possible takeover /
tomthetrader: lots of market share out their
tomthetrader: USD we will buy at 24.80
tomthetrader: 10% in USD at 24.80
tomthetrader: USD is 2x semis
tomthetrader: Long
(12:12 PM) redliontrader: tom are you bullish?
(12:13 PM) sttteve: lol
(12:13 PM) redliontrader: lol..
(12:13 PM) redliontrader: 90% Long Main, 10% Long Traders
(12:13 PM) hibuck2: JNJ ?
tomthetrader: Yes
tomthetrader: is a buy
tomthetrader: PEP
tomthetrader: MCD
(12:14 PM) willwin: u make me wonder if i should be moving my 1/2 pension back to equities from the short term bond fund
tomthetrader: but now we have a smaller portfolio so we have to bounce in and out
(12:14 PM) willwin: i was going to do the opposite
(12:14 PM) dhmohan1963: can you suggest opton on mcd
(12:14 PM) hibuck2: 60.25 maybe
tomthetrader: yes 60.25
tomthetrader: JNJ
tomthetrader: MCD in the money calls 3-6 months out
tomthetrader: DEC calls or Jan 2010 calls for options players
(12:16 PM) traderh_2: TOM should I hold out for a 71.75 fill on RIMM?
tomthetrader: Yes...or anywhere close you will probably get it cheaper if you wait ?
tomthetrader: RIMM is volatile and could go down another 4% before a good fill
tomthetrader: I hVE TO GET THE BEST ON THE RUN ONE TIME FILLS
tomthetrader: YOU GUYS CAN ADD IN PIECES SMALL AMOUNTS TO GET GREAT FILLS
tomthetrader: i AM AT A BIG DISADVATAGE
tomthetrader: HUGE
tomthetrader: Above 1015 by Labor Day unl4ess a fundamental event occurs to hurt market
(12:22 PM) azags: So I shouldn't buy my usual 4 million share complement with DE or Thomas
(12:24 PM) azags: I need some euros for Italy
tomthetrader: 71.76 RIMM
(12:25 PM) azags: Pasta is still cheap
(12:25 PM) redliontrader: even better.. wine is cheap
(12:25 PM) azags: canoe
(12:25 PM) traderh_2: Beer is Cheap in BAVARIA
(12:41 PM) Fulkdaddy: Talk to me in January!
(12:41 PM) Fulkdaddy: No sympathy from Michigan!
(12:41 PM) Fulkdaddy: five or six days
(12:42 PM) Fulkdaddy: a bit on the cool side but I don't mind
tomthetrader: TOMO Tim KNIGHT Long 3.33 stop
tomthetrader: AMZN crash
tomthetrader: ?
tomthetrader: TECH going down says Adami
tomthetrader: Everyone reshorting the market
tomthetrader: AIG ?
(12:47 PM) dhmohan1963: no shorts in fidelity that time
tomthetrader: CIT also falling a good short
(12:49 PM) dhmohan1963: what is tomo
tomthetrader: tomotherapy
tomthetrader: a good chart
tomthetrader: DUG 17.15
tomthetrader: everyone thin ks market going down
tomthetrader: Adami thinks crude going down 10-11%
tomthetrader: 1588 NQ now
tomthetrader: DUG HOD
tomthetrader: F up
tomthetrader: HBAN back to BUY LEAPS area
tomthetrader: our QQQQ 40.00 aug puts still alive !
tomthetrader: and everyone thought this market was going straight up...we have gotten a good correction in and it looks to maybe gain traction
(12:55 PM) hibuck2: I bought QLD Iam stoped out now but it feels the same way when i was shorting and it was not working
tomthetrader: MDR put out good earnings ...all big backlogs
tomthetrader: FLR
tomthetrader: JEC
tomthetrader: FWLT
tomthetrader: AAPL like the big selloff !
(12:58 PM) hibuck2: Fast money 3 sellers 1 buyer
tomthetrader: we need to count the days up vs. down since march !
tomthetrader: good for bulls !
tomthetrader: we will buy the last of our 10% in ZF The Zweig Fund is on FIRE Buy at 2.99 10% Main fund
tomthetrader: 2.89 A- Auction
(1:04 PM) Pete45: ZF on fire?
(1:06 PM) willwin: buy what?
(1:06 PM) willwin: a?
tomthetrader: ZF Zwieg Fund 10% In Main Fund at 2.99
(1:19 PM) willwin: thks
tomthetrader: The pressure is intense to not miss a continual plod higher, but as we've seen almost every time a market like this occurs, at some point the music stops, and the momentum gets sucked out
(1:23 PM) thomas_Poland: if we move back up to around 1000-1005 ES we will form head and shoulders
(1:24 PM) ajayvee: the market gets dandruff?
tomthetrader: Obama getting standing ovations
(1:26 PM) sttteve: must be robots not people who think
tomthetrader: Not another Head and shoulders Thomas !
tomthetrader: Hopefully getting paid ....no one working ?
tomthetrader: REP and DEMs hiring players ?
(1:27 PM) sttteve: agreed
(1:27 PM) thomas_Poland: hopefully this time not so many will see it
(1:27 PM) thomas_Poland: like the one before
tomthetrader: Labor day holds for us
(1:30 PM) Pete45: Thomas -on ES or cash?
(1:30 PM) willwin: r u day trading anything other than the long es?
(1:37 PM) thomas_Poland: ES
(1:38 PM) hibuck2: $PCRCO .74
(1:39 PM) hibuck2: $TRIN 1.12 $TRIQE 1.14
(1:39 PM) hibuck2: NYSE A/D -1884
(1:39 PM) hibuck2: NAZ A?D -3630
(1:42 PM) hibuck2: $TNX 36.97 3.69
(1:43 PM) ajayvee: does the Nasdaq even trade that many stocks?
(1:43 PM) redliontrader: For those using tradestation... make sure you backup your tradestation regularly.. My crash yesterday caused me to reinstall tradestation and I lost all my indicator and setup work since the beginning of June.. so backup..
(1:45 PM) ajayvee: easy to backup on automatic. mine is scheduled every Sat. morning
(1:47 PM) ajayvee: Naz A/D -1450 Vol -3.6:1
(1:47 PM) ajayvee: NYSE A/D -1754 Vol -5:1
(1:47 PM) ajayvee: RUT A/D -1317 Vol -2.7:1
(1:47 PM) hibuck2: AJ that is the only symbols i can find for schwab street smart pro $ADVT and $DECT
(1:48 PM) hibuck2: for all listed nasdaq stocks
(1:48 PM) ajayvee: in tradestation it is decliners (2065) - advancers (608) or $ADVQ-$DECLQ
(1:50 PM) hibuck2: i got $ADVT 1422.00 $DECT 5010.00
(1:50 PM) ajayvee: or the differential $ADQD now at -1437
(1:50 PM) hibuck2: big diff
(1:50 PM) hibuck2: ill try see if it takes those symbols
(1:50 PM) ajayvee: that could be all US stocks
(1:51 PM) hibuck2: no good
(1:51 PM) redliontrader: i have not been publishing the new highs every hour becuase they remain very weak not sitting at 42 they are increasingly falling behind bar-5 and y'day 87 and 31 respectively
(1:51 PM) redliontrader: not = now
tomthetrader: we will sell 5 ES at Break even
tomthetrader: E-Mini S&P 500 Sep 09(CME: ESU09.CME)
Last Trade: 993.50
Trade Time: 1:51PM ET
Change: 14.50 (1.44%)
tomthetrader: Last Trade: 993.50 sell 5 more at Break even to go to cash in Traders
tomthetrader: Traders 100% cash
tomthetrader: we will cut risk and keep our Main 100% long and look for a better long day trade or short
(2:06 PM) traderh_2: Nice Profit on GS
(2:06 PM) traderh_2: RIMM was good also
(2:07 PM) hibuck2: QID @ 27.07 maybe good entry?
tomthetrader: tough to short this hi buck
tomthetrader: we may get a rally ..into close like the last 25 days ?
tomthetrader: I am skittish short term long and short
tomthetrader: but honest
tomthetrader: CAL 11.98 sold
tomthetrader: sell 61.94 FCX
(2:10 PM) dhmohan1963: some time i get confused when you sell in long term portfolio
(2:10 PM) traderh_2: TOM we still trying to get ZF @ 2.99
tomthetrader: we no longer have a long term portfolio
(2:10 PM) traderh_2: NO FILL
(2:11 PM) dhmohan1963: yes 5-30 days
(2:11 PM) hibuck2: QID @ 27.01
(2:11 PM) dhmohan1963: sure
tomthetrader: you can make the same money by trading as you can buy and hold ..trading produces about 4x gains YOY
(2:14 PM) arujunaa: bond update: as per yesterday's post, i am 50% short tyu from 115.8125 (currently 115.891). staying short for now into fomc & auction tomorrow.
tomthetrader: Again we sold our ESU9 long at break even to up $100 and sold CAL and FCX locking in profits
tomthetrader: we are now 100% cash Traders 80% long Main
(2:15 PM) arujunaa: thank you sir
(2:15 PM) arujunaa: driving me nuts
tomthetrader: Thank you
(2:21 PM) traderh_2: Trying 2.99
(2:21 PM) hibuck2: $PCRCO .75
(2:22 PM) hibuck2: $TRIN 1.20 $TRIQE 1.20
(2:22 PM) hibuck2: sorry $TRIQE 1.02
(2:22 PM) Fulkdaddy: yes
(2:22 PM) hibuck2: yes
(2:22 PM) Fulkdaddy: in th RUT for sure
(2:22 PM) hibuck2: but not enough
(2:22 PM) ajayvee: sure doesn't feel like it
(2:23 PM) eman11: yes
tomthetrader: Yes Thank you for the enourmously overwhelming participation ...he says sarcastically ..but nicely !
tomthetrader: P/L
tomthetrader: P/L
tomthetrader: P/L
(2:27 PM) azags: Tom I don't want money. I want euros!
tomthetrader: Euro P/L
tomthetrader: Euro P/L
(2:28 PM) hibuck2: make money all else will fall into place
(2:49 PM) hibuck2: can retest the lows ?
(2:49 PM) hibuck2: we
(2:49 PM) Pete45: i don't know if I'm corect but 3% correction on DJ would land around 9153 -is that right?
tomthetrader: DOW is not really a index any more
tomthetrader: 30 stocks
tomthetrader: and stronger less volatile ..no high beta
tomthetrader: best area to look RUT
(2:51 PM) Pete45: k thanks
tomthetrader: has only 1/3 the stocks I follow but still broad enough
(2:55 PM) eman11: I have SPX correcting -2.6% from 1018-992
tomthetrader: agree
tomthetrader: RUT over 3% VLE 4% ZUPI almost 5%
tomthetrader: THE MORE INCLUDED THE HIGHER THE %
tomthetrader: 30 VS 11,000
(3:06 PM) hibuck2: stop out QID 26.91
(3:06 PM) eman11: Tom - Do you plan on holding USD overnight through AMAT earnings?
(3:10 PM) bitterwind4: TZA bounced off 50%retrace on the day
(3:10 PM) bitterwind4: hibuck did you stay in fron the close yesterday
(3:11 PM) hibuck2: TZA ?
(3:11 PM) bitterwind4: y
(3:11 PM) hibuck2: no
(3:11 PM) bitterwind4: for the overnight...just curious have been gone most of the dya
(3:11 PM) bitterwind4: ok
(3:12 PM) hibuck2: ur welcome
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(3:25 PM) bitterwind4: i am watching NVDA for a pb to 12.30 it bo level pre earnings if pos or back thru 13 level for 1/2
(3:28 PM) bitterwind4: still watching EDZ
(3:29 PM) hibuck2: nice mve 9.72 .48
(3:33 PM) ajayvee: Naz A/D -1218 Vol -2.8:1
(3:33 PM) ajayvee: NYSE A/D -1347 Vol -3.7:1
(3:33 PM) ajayvee: RUT A/D -1084 Vol -1.9:1
(3:34 PM) bitterwind4: I think it is stocks like EDZ where the chart levels are somewhat useless. there are so many other parameters that effect it
tomthetrader: yes I am going to hold pat here unlss we sell hard into close
(3:39 PM) azags: y
(3:39 PM) hibuck2: y
(3:39 PM) ajayvee: y
(3:39 PM) Pete45: 1
(3:39 PM) dhmohan1963: y
(3:39 PM) csu30: y
(3:39 PM) eman11: y
(3:40 PM) rjllanas: y
(3:40 PM) bitterwind4: g
(3:40 PM) traderh_2: up 300 for day I'm done
(3:40 PM) traderh_2: Thanks TOM
(3:40 PM) dhmohan1963: tom thanks for getting me out of shorts today
tomthetrader: You are welcome
tomthetrader: anything I can do in any way I am here 24/7
tomthetrader: Take advantage of me while I am young !
tomthetrader: and so well mannerred
tomthetrader: I may get old and awnry
tomthetrader: I wonder if luois Navallier answers his phones
(3:45 PM) azags: Tom I need you to go to the bank for me to get some euros for us dollars and then on the way back please stop at a Publix for me for some groceries
tomthetrader: Publix has EORO gift Cards !
tomthetrader: Fun ...excitement
(3:48 PM) redliontrader:
(3:48 PM) eman11: We need a chart comparing the inverse relationship between the SPX and Tom's Heat Index.
tomthetrader:
tomthetrader:
(3:48 PM) rjllanas:
(3:48 PM) eman11: As the temperature rises in T
(3:49 PM) azags: you are helping US commerce buy repairing your air conditioning
(3:49 PM) dhmohan1963: thought about solar pannels
tomthetrader: Thanks for having me on the ride
(3:50 PM) eman11: Thanks for letting us in the car
tomthetrader: I am taking all easy "credits" for anything
tomthetrader: even if wrong by a day !
(3:55 PM) rjllanas:
(3:55 PM) dhmohan1963: internet
(3:55 PM) energy2x: u and Gore invent the internet?
(3:55 PM) azags: Vector Vest is Thomas invention
(3:55 PM) bitterwind4: CSCO has a big gap 20.50 leveel still...if you believe they fill
(3:56 PM) hibuck2: y
tomthetrader: Thanks
(3:57 PM) ajayvee: FOMC announcement and 10-yr auction tomorrow
(3:57 PM) redliontrader: 4:00 pm new highs close was 56, that is 95 less than 5 days ago and 27 less than y'day..
(3:57 PM) redliontrader: opps 57 , -95 and -27 now
tomthetrader: red , what does this tell you ?
tomthetrader: what do you hope to find ?
tomthetrader: I think it definitely foretold a selloff
tomthetrader: and it worked almost perfectly
(3:59 PM) redliontrader: we are looking for sentiment change.. people willing to buy stocks at their highs
(4:00 PM) redliontrader: new highs beget new highs
tomthetrader: AMAT ?
tomthetrader: anyone in AMAT
tomthetrader: DUG did well
(4:04 PM) eman11: AMAT Bid jump .20 AH
(4:05 PM) eman11: now UP .30
(4:05 PM) eman11: Looks good for USD tomorrow.
tomthetrader: Yes
tomthetrader: and a 94% chance of the ES being UP
tomthetrader: I hope we can addd to our gains daily
tomthetrader: MET got hit today came up on Buy list again with RGA
tomthetrader: still not many financials on my Buy list
tomthetrader: GS WFC HCBK ALL RGA and MET
tomthetrader: HBAN
tomthetrader: Looking to add some more LEAPS on weakness
tomthetrader: 1st real selloff at close of day ...we expected it
(4:13 PM) eman11: AMAT beat on Revenues and Earnings
(4:14 PM) eman11: -.04 vs. -.09 est
tomthetrader: stock is a big plus if they can just hold on here and not sell off on guidqance....need some strength htere E
tomthetrader: I wish I could type
(4:14 PM) eman11: Rev 1.13B vs. 955.4M Est
tomthetrader: They are welding out back and my thermometer is pegged at 120 on back porch !
tomthetrader: Ist great REV beat for the AMAT type ?
tomthetrader: 60 million more in REVs is encouraging...where is DE ?
(4:16 PM) eman11: AMAT AH now up .40
tomthetrader: If it can hold it's gains into tomorrow it should pick up this sector
