° let's get aggressive in puts
(11:22 AM) redliontrader: how are the banks doing today>
(11:23 AM) bitterwind4: Elaine Garzarelli said her max sell off from yest would be 4-7% max in her opinion. blmbrg
° XLF only off .23%
° no .23 is 1.6%
(11:26 AM) redliontrader: oil 68.41
(11:26 AM) tomthetrader: yes xhb xlf both still shorts
(11:27 AM) ajayvee: Sept puts?
(11:27 AM) bitterwind4: SPY 99.99
(11:29 AM) Cathycantrade: do you think the dollar will go up or down short term? will feds keep weakening it.? is dyy safe if dollar rallies? short term?
(11:31 AM) bitterwind4: downdraft in rut
° 556.30-.00 is key level RUT
(11:36 AM) traderh_2: I'm long Euro Short CHF. Been in the trade for 2 weeks
(11:36 AM) Cathycantrade: i see it. thanks, stop in dyy trailing?
(11:41 AM) tomthetrader: shorting Ideas still XHB and XLF
° aug puts
° FCX we may buy calls
(11:43 AM) ajayvee: how far out for FCX?
(11:45 AM) longerorshorter: what do you anticipate for options xp week
(11:46 AM) bitterwind4: RUT off lows
(11:46 AM) dhmohan1963: tom which put of fcx we can sell to take long position
(11:51 AM) tomthetrader: 63.00 Buy FCX
(11:51 AM) ajayvee: Sep calls?
(11:52 AM) tomthetrader: DEC
(11:55 AM) redliontrader: noon: we are at 34 new highs, -40% over 1 day ago and 5 days, Rut and NAZ remain trailing 60% and 72% respectively
(11:58 AM) bitterwind4: CSCO hit 21 is 21.07
(11:58 AM) tomthetrader: Love it
° should be buying
° the options are NOT CHEAP as they were
° we need cheaper call premiums
° QCOM 45.50
° CSCO 21.00
(12:00 PM) longerorshorter: jan 10 10.60 on fcx 60
(12:00 PM) tomthetrader: HPQ 43.10
(12:01 PM) willwin: those are buy long entries?
(12:01 PM) tomthetrader: CELG 50.50
° CAL 11.50
° PM 44.50
° NKE 55.00
° GS 159.00
° FCX 63.00 to start now
° JNJ PEP MO any place in here
° STJ also a buy
° T for long term
(12:17 PM) bitterwind4: test
(12:18 PM) sttteve: fine
(12:21 PM) hibuck2: y
(12:21 PM) derr11: ok
(12:21 PM) bitterwind4: gd
(12:21 PM) sttteve: y
(12:21 PM) Cathycantrade: y
(12:21 PM) Harrod_t: y
(12:21 PM) rjllanas: y
(12:22 PM) willwin: ok
(12:22 PM) longerorshorter: y
(12:22 PM) energy2x: y
(12:22 PM) longerorshorter: thanks on options tom
(12:23 PM) tomthetrader: You are welcome
° there will be a lot more options plays come Spet. 15th
(12:28 PM) hibuck2: $PCRCO 1.04
° $TNX 35.33 3.53
° $TRIN 2.9 $TRIQE .83
° NYSE A/D -1991
° NAZ A/D -1752
° $SPX 995.73
° $RUT 559.32
(12:31 PM) tomthetrader: I am sending out a E-mail with the "TTT Options Package"
° 10 positions
(12:37 PM) redliontrader: 3 hours in the trading day and our new highs are at 34.. I think that was the same as I posted last? I got knocked out of the room becauese I thought it was cute to raise my hand when tom was talking.. I kept clicking the button like a wave.. It knocked me out because of bad behavior
° we are weakening -43% on the NYSE, -65% on Rut and -73% on NAZ
° Oil continues to plunge now down to 67.75, the TF (rut) broke below the 3%, NQ is down about 2.5% from its highs, YM a little over 2% and ES around 2%
(12:43 PM) ajayvee: yes, I wish, but that's ok. profit is profit!
(12:43 PM) redliontrader: BKX down initally 2.5%.. making a comeback down only 1% now
(12:43 PM) bitterwind4: would have made my wife happy
(12:43 PM) ajayvee: +$1.00 or above is okay by me!
(12:43 PM) hibuck2: how about SS BAC
(12:54 PM) tomthetrader: ThANK you ...very pumped ..looking forward
(1:11 PM) eman11: test
(1:14 PM) tomthetrader: we are still fighting for a 5th straight up week
(1:18 PM) ajayvee: wouldn't a positive week make today a key reversal day? we'd close above 1011?
(1:18 PM) tomthetrader: if we rallied to new highs
° the odds favor a LOD close we will most likely enter XLF short
(1:22 PM) dhmohan1963: to buy faz
(1:23 PM) ajayvee: or xlf puts
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(1:30 PM) ajayvee: first time I've seen CNBC show not only the cboe VIX but the Naz VIX and the Oil VIX
(1:34 PM) tomthetrader: yes...vix got popular and it went rock star to lows
° xlf puts a better value or just short
° like we did last week
° we should continue down here
° sorry ....I would normally be shorting but can't take new positions ...just recommendations
° IBM is a short
(1:36 PM) hibuck2: lots of block trades 10,000 or more on XLF
(1:37 PM) tomthetrader: Yes trying to escape...as I said Profit taking started in earnest yesterday
° continues today into Monday
° if we can get 250ish off Dow we would BUY long
° we should be shortinf here
° 994 is spport 2
° ttt
(1:41 PM) bitterwind4: EEM puts made some money. EDZ did not move like I thought it might
° still below 10.00
(1:50 PM) ajayvee: TWM was the play today!
(2:03 PM) tomthetrader: \EDZ still a buy
° TZA
° TWM great call
° please listen my friend tim
° he is a great person
° one of the best
° march was perfect
(2:05 PM) hibuck2: BAC 1c below HOD 17.00
(2:05 PM) tomthetrader: then sept oct 10 per cent correction
° 70 long 20 bonds 10 cash
° materials energy cons disindustrials
° 2001 only outlier
(2:10 PM) bitterwind4: RUT making lows
° TZA back to 16
(2:11 PM) hibuck2: BAC 17.0
° 17.10
(2:12 PM) bitterwind4: rut 556 will be a key level
(2:13 PM) tcb66: Good piece by Jeff Cooper over at Minyanville...worth a read: http://www.minyanville.com/articles/jpm-bac-gdx/index/a/23959
(2:16 PM) tomthetrader: Thank you TCB very good read !!!! I printed it out to reread this weekend
(2:19 PM) hibuck2: short covering
° y
(2:19 PM) ajayvee: y
(2:19 PM) bitterwind4: y
(2:20 PM) redliontrader: i have them in the spreadsheet
° I think i got knocked out? anyone see me
(2:23 PM) tomthetrader: Y
° you are looking good
° could you hear audio?
(2:23 PM) redliontrader: thanks.. are you still talking?
(2:24 PM) hibuck2: y
(2:24 PM) ajayvee: y
(2:24 PM) longerorshorter: 1
(2:24 PM) bitterwind4: y
(2:24 PM) redliontrader: friday
(2:29 PM) tomthetrader: Traders will buy CALAB for 10 contracts now
° 12.13 CAL
(2:31 PM) derr11: 3.50/3.60
(2:32 PM) tomthetrader: 3.58 filled
° 12K open interest
(2:35 PM) redliontrader: how come I have go buy in .10 increments? you get to buy in pennies?
(2:35 PM) tomthetrader: special !
(2:35 PM) dhmohan1963: yes me too
(2:35 PM) redliontrader: i see the sales
(2:35 PM) dhmohan1963: put order for 3.50
(2:36 PM) tomthetrader: should get filled at 3.55
° or less
° lots of orders in
(2:36 PM) redliontrader: can't even do .05 orders
° .10 only
(2:37 PM) tomthetrader: bet that will change by 4:00pm if we sell off !
° they get real aggressive towards the close
° to get #'s up
(2:38 PM) hibuck2: looks like BAC might break HOM
(2:40 PM) tomthetrader: BGU 10% Long 43.14
(2:40 PM) hibuck2: tom ur right 17.50
(2:40 PM) tomthetrader: stop 42.99
° stop at 43.12
(2:42 PM) ajayvee: are there others you're looking at to prepare to pull trigger?
(2:42 PM) tomthetrader: yes
° stop at 43.24
° 43.30 stop
° stopped out 43.30
° BGZ 26.18 10%
° we will reenter BGZ at 26.20 10%
° in 20% now BGZ stops at 25.99
(2:50 PM) ajayvee: got it
(2:50 PM) sttteve: y
(2:50 PM) tomthetrader: stop 25.99
(2:52 PM) redliontrader: new highs 41.. a little pick up this PM.. for NYSE, RUT, NASDAQ we are -41%, -66% and -72% below yesterday
(2:53 PM) tomthetrader: Thank you...tremendous data
(2:53 PM) redliontrader: BKX is Green!
(2:53 PM) tomthetrader: stop at Break even BGZ
° 26.19 stop BGZ
° 26.25 stops now BGZ
° stopped
° out
° 26.25
° looking to reenter
° please keep trigger on BGZ
(3:00 PM) ajayvee: looser by a penny but still stopped out
(3:00 PM) thomas_Poland: last hour may be weak
(3:01 PM) tomthetrader: if banks were just market average -200
(3:03 PM) eman11: no fill
(3:03 PM) sttteve: n
(3:03 PM) bitterwind4: spy 100.18
(3:03 PM) traderh_2: Who's got all the Orders at .18
(3:04 PM) tomthetrader: 26.18 10% if filled Traders
(3:05 PM) ajayvee: TS
(3:05 PM) traderh_2: No trades at .18 I'm looking at the Tape
(3:06 PM) tomthetrader: 25.99 stops
(3:06 PM) erndog9: filled
(3:06 PM) traderh_2: FILLED
(3:06 PM) ajayvee: 28.17
(3:06 PM) derr11: filled
(3:06 PM) thomas_Poland: already drunk 6 beers .. fillled
°
(3:07 PM) tomthetrader: :wine:
° CAL taking off
(3:08 PM) traderh_2: Adding at 26.10 . This is a headfake
(3:08 PM) tomthetrader: 999.99 spx
° stop BGZ 26.14
° stop BGZ at 26.25
° stopped
° 26.25
° will reenter
° 26.16 BGZ to go long 10%
(3:16 PM) hibuck2: me
(3:16 PM) sttteve: 3.58 filled here
(3:16 PM) hibuck2: 26.15
(3:16 PM) traderh_2: Still in a little BGZ
(3:16 PM) derr11: in BGZ
(3:16 PM) ajayvee: in BGZ and hoping
(3:18 PM) sttteve: not I
(3:18 PM) hibuck2: what i dont like the $TRINS have come way down
° $TRIN .48
° $TRIQE .95
(3:20 PM) tomthetrader: (9:30 AM) traderh_2: Filled DUG 41
(3:20 PM) traderh_2: I got DUG at 16.41 and sold at 16.51
° LOL
° I feel like somebodies always watching me
° Good Song
° WOW: I got to small of Targets
(3:21 PM) eman11: DBA DYY
(3:21 PM) ajayvee: only shows DBA and DYY
(3:21 PM) redliontrader: tip/ dba dyy, tip
(3:21 PM) sttteve: DBA and DYY in main fund
(3:22 PM) traderh_2: Tom if you don't say MAIN you mean Trader Fund thenCorrect
° I made enough today for my Vegas Hotel next weekend. Thanks TOm
(3:24 PM) tomthetrader: You are welcome
(3:26 PM) traderh_2: A little more and I can move from Tropicana to MGM. LOL
(3:28 PM) eman11: Is the BGZ order at 26.16 still open?
(3:30 PM) tomthetrader: 17.13 we will sell our HEDGE DUG
(3:30 PM) traderh_2: Our BGZ 26.30
(3:33 PM) bitterwind4: how do you feel about monday at this point
(3:34 PM) eman11: so the BGZ order @ 26.16 is canceled?
(3:35 PM) hibuck2: 26.27
(3:35 PM) eman11: No fill was curious, from your discussion it sounded like it should be cancelled
(3:37 PM) tomthetrader: BGU
° Please have ready
(3:37 PM) hibuck2: stop out bgz
(3:38 PM) eman11: BGU what %?
(3:38 PM) hibuck2: TICK +1062
(3:39 PM) redliontrader: We will be down for the week on the Value Line Index first time since 7/10, we will close around 1.5% down which is not enough to close out the Ned Davis/Zweig 4% system
° yes
° correct
° that zweig trade is up almost 80%
(3:44 PM) eman11: Traders Holding CALAB overnight?
(3:44 PM) tomthetrader: Yes
° BGZ let's give a shot 26.10
° 10%
(3:45 PM) ajayvee: 26.09 filled
(3:45 PM) tomthetrader: 25.99 stop
(3:45 PM) dhmohan1963: u expect eod selling
(3:46 PM) tomthetrader: that was quick
° 25.99 out BULL
(3:46 PM) sttteve: here too
(3:46 PM) ajayvee: oh well!
(3:46 PM) derr11: out
(3:46 PM) traderh_2: 26.03 fill
(3:46 PM) eman11: I didn't have time to finish putting in my stop, yet.
(3:48 PM) ajayvee: SPX over 1000
(3:49 PM) hibuck2: i think i got your shares tom 26.01
(3:50 PM) tomthetrader: Great !
(3:50 PM) hibuck2: can we get above 26.35
(3:50 PM) tomthetrader: YES
° 26.50
(3:51 PM) hibuck2: oook then!!
(3:51 PM) tomthetrader: WOW pinball
° CAL
° CAL
° CAl
(3:55 PM) hibuck2: stop out'
(3:55 PM) tomthetrader: Nonsense ?
° Bull
(3:56 PM) ajayvee: sell off after the cash close?
(3:56 PM) tomthetrader: I think so esp in TZA
° meaning IWM will sell off
° watch IWM After 4pm and it will give a good read
° TZA should rally
° 15.56
° lets see where it is at 4:15pm
° Amazin
(4:00 PM) hibuck2: bgu came back 1.14
° ffffffkkkk
(4:00 PM) bitterwind4: that was your 1st trade too
(4:01 PM) ajayvee: my gut went BGZ and lost
(4:01 PM) bitterwind4: csco rollin
(4:01 PM) traderh_2: SOLD 1611 NQ
(4:01 PM) longerorshorter: last 3.70
° u picked it up at lod
(4:02 PM) dhmohan1963: footbal starting
(4:02 PM) ajayvee: BGZ worth holdong over weekend?
(4:03 PM) bitterwind4: glw held lows all day
(4:03 PM) redliontrader: new highs 49
(4:03 PM) ajayvee: small position, I'll hold
(4:04 PM) redliontrader: nyse,rut, nas -37, -62, -70 than bar-1
(4:05 PM) derr11: What about GLW Jan 15 calls ?
(4:05 PM) tomthetrader: Tremendous
