(7:22 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(7:22 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(7:31 AM) ajayvee: g'mornin red
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(7:53 AM) tomthetrader: Good morning...don't forget to lock in profits and reenter ..lots of data ..market was up
(7:53 AM) tomthetrader: have to make sure to lock in some
(7:53 AM) tomthetrader: Profits and reenter when able
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(8:03 AM) tomthetrader: Please take some shorts off before each data release and then reenter the other 1/2 short is no fun on data days
(8:07 AM) hibuck2: GM
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(8:33 AM) ajayvee: what else besides Durable Goods today?
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redliontrader: Aj.. room.. I have updated the trades corner on todays eco data.. and have published a New Highs divergence paper.. both available at http://pv.ttthedge.com
(8:43 AM) tomthetrader: 581.40 5 TF covered out of futures for now
(8:43 AM) tomthetrader: TF Futures covered at 581.40
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(8:48 AM) DE_TTT: II Sentiment Numbers....Bulls=51.3% (vs prior 48%)...Bears=19.8% (vs 23.1%)....uh oh...look out below.
(8:49 AM) tomthetrader: Thank you DE ...where have you been ...Mr Chips ?
(8:49 AM) hibuck2: from last nite the Worden report : Today, I heard on TV that the recent rally that started in March was the best six-month rally since 1933. It's amazing how few people seem to recognize the great similarity in what came before, namely the huge selloff from 1929 to 1932 and the great selloff of 2007 to 2009--both in the midst of walloping dislocations in the economy.
(8:49 AM) DE_TTT: Traveling a ton lately. I will be around more going forward.
(8:51 AM) tomthetrader: adding a Million to our IRA need some low cost chips ready to double again
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(8:53 AM) DE_TTT: Still plenty of those...especially after a healthy pullback.
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(9:06 AM) tomthetrader: yes
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(9:15 AM) Bert_TTT: y on audio
(9:15 AM) ajayvee: y
(9:15 AM) hibuck2: y'
redliontrader: t
(9:15 AM) bitterwind4: gd
(9:15 AM) energy2x: y
(9:15 AM) Kiwi_SanDiego: y
(9:15 AM) rekon8: gm
(9:15 AM) azags: t
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(9:27 AM) ajayvee: I took profits in BGZ in the premarket. When to re-enter? or what to reenter?
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(9:28 AM) ajayvee: thanks tom
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(9:29 AM) tomthetrader: Thank you
(9:30 AM) tomthetrader: stop BGZ at 24.10
(9:31 AM) tomthetrader: 24.15 stop BGZ
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(9:32 AM) tomthetrader: sell BGZ at 24.22
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(9:32 AM) tomthetrader: sold BGZ 24.22
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redliontrader:
(9:33 AM) tomthetrader: TYP PLEASE UP STOP TO 14.63
(9:35 AM) tomthetrader: 14.75 stop TYP
redliontrader: big spread
(9:36 AM) tomthetrader: out TYP 14.75
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(9:38 AM) tomthetrader: STJ 38.62 sold 10% in Main fund
(9:38 AM) tomthetrader: STJ now at 38.71 we sold at 38.62 with a good gain
(9:40 AM) tomthetrader: TWM in Traders we will buy 25% at 31.12
(9:41 AM) tomthetrader: TWM 31.12 stop 30.99
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(9:42 AM) tomthetrader: TWM stops Break even
redliontrader: opening 15 min NHs: NYSE 28 d1:0% (same) d5:-6%
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(9:45 AM) tomthetrader: Thank you
(9:45 AM) hibuck2: $PCRCO 1.42
redliontrader: Rut and NQ below y'day 15 minute open
(9:45 AM) tomthetrader: did we get all the TWM trade for Traders ...anyone ?
(9:46 AM) hibuck2: $TRIN 2.00 $TRIQE .79
redliontrader: yes
(9:46 AM) tomthetrader: OK..if not I want to add
(9:46 AM) ajayvee: not I said the first little trader
(9:46 AM) tomthetrader: we need at least 25% short in Traders at all times now
(9:48 AM) tomthetrader: CELG we are selling here at a profit 53.93
(9:48 AM) tomthetrader: CELG sold
(9:49 AM) tomthetrader: Stop TWM at 31.30
(9:50 AM) tomthetrader: BOX in sell TWM at 31.75 so we have a box net at 31.30 -31.75 today
(9:51 AM) tomthetrader: CELG in Takeover mania 54.04
redliontrader: 10dayh-l: +173
(9:53 AM) tomthetrader: stop 31.45
(9:53 AM) tomthetrader: TWM out
(9:53 AM) tomthetrader: sell TWM Traders
(9:53 AM) tomthetrader: 31.45
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redliontrader:
(9:54 AM) tomthetrader: BYE
redliontrader: no!
(9:55 AM) tomthetrader: I am like a Bad cold...never goes away !
(9:55 AM) ajayvee: TZA?
(9:56 AM) ajayvee: TWM is good
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(9:58 AM) tomthetrader: 31.10 TWM 25 % Traders if not hit ...we will enter another price level
redliontrader: our president always on during news.. even when on vacation
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(10:00 AM) tomthetrader: 25% into TWM
(10:00 AM) tomthetrader: at 31.10
(10:00 AM) tomthetrader: stop 31.00
(10:01 AM) tomthetrader: OUT
(10:02 AM) DE_TTT: July New Home Sales 433K vs 390K consensus, M/M change +9.6%
(10:02 AM) berniectx: New Homes up 9.6%
(10:02 AM) tomthetrader: Unreal..has to be some type of outlier stat YOY ?
(10:05 AM) hibuck2: NYSE A/D -529
(10:05 AM) tomthetrader: 25% TWM 31.00
(10:05 AM) tomthetrader: got it
(10:05 AM) hibuck2: NAZ A/D -105
(10:05 AM) ajayvee: A/Ds moving up
(10:05 AM) tomthetrader: stops at 2%
(10:06 AM) tomthetrader: OK we are finally in TWM at 31.00 stop 2% back on TWM
(10:06 AM) ajayvee: Naz A/D -24 Vol +2.8:1
(10:06 AM) ajayvee: NYSE A/D -300 Vol -1.2:1
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(10:06 AM) ajayvee: RUT A/D -5 Vol +1.6:1
redliontrader: 2% stop on TWM 31.10 is 30.48
(10:07 AM) ajayvee: RUT and NAZ A/D going positive
redliontrader: sorry our entry was 31.00 stop - 30.38
(10:08 AM) tomthetrader: right on RED
(10:08 AM) hibuck2: TZA in @ 14.76
redliontrader: NHS NYSE: 31 d1:-25% d5:-12% (so some weakness)
(10:09 AM) ajayvee: hibuck did you mean 13.76?
(10:09 AM) tomthetrader: yes'
(10:10 AM) tomthetrader: I was hoping 14.76 ...my heart stopped !
(10:10 AM) hibuck2: yes sorry 13.76
(10:10 AM) tomthetrader: PORTFOLIO CLEANER 25% into TWM at 31.00 Traders with TBT
redliontrader: 10dayh-l: +213
(10:11 AM) tomthetrader: stop on BOTH TBT TWM is 2% OK
(10:13 AM) hibuck2: $PCRCO 1.11
(10:13 AM) tomthetrader: wowsa
redliontrader: yes.. it is in there for some reason not showing up.. hang on
(10:14 AM) tomthetrader: haven't seen that in awhile?
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redliontrader: All A/D's +
(10:16 AM) ajayvee: Naz A/D Vol +3.3:1
(10:17 AM) hibuck2: $PCRCO 1.21
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(10:21 AM) desertone: Good Morning Tom and everyone I managed to get my old Dell to work so here I am !
redliontrader: good to see you D1
(10:22 AM) desertone: Hello Red !
(10:22 AM) desertone: Now I need to catch up
(10:25 AM) tomthetrader: Hey There ..welcome back ..busy busy here
(10:26 AM) tomthetrader: Dell : you can throw them out if they don;t work !
(10:26 AM) tomthetrader:
(10:26 AM) bitterwind4: was pulling triggerTZA and missed by 1 second
(10:26 AM) hibuck2: $PCRCO 1.17
(10:27 AM) bitterwind4: not in
(10:27 AM) hibuck2: $TRIN 1.98 $TRIQE .70
(10:27 AM) hibuck2: NYSE A/D +210
(10:27 AM) desertone: Well my apple and PT r not very compatible.. Am glad am here !
(10:27 AM) hibuck2: NAZ A/D +172
(10:28 AM) desertone: I am holding DIA puts the 95 and 92 and am underwater....
(10:28 AM) tomthetrader: WE attempted to get long the main fund and did with great stocks CELG GILD JNJ MRK STJ
(10:29 AM) tomthetrader: what month /
(10:29 AM) desertone: Sept
(10:29 AM) tomthetrader: still should be OK
(10:30 AM) tomthetrader: 92.00 will be a stretch but who knows ?
redliontrader: 10:30 NHs NYSE: 50 D1:-21% D5-45
(10:31 AM) tomthetrader: 10:30am amateur hour over now we go into public trading and then Lunchtime indecision then 1:56pm Hedge fund O rama and 3:00pm SMART MONEY
redliontrader: 10:30 NHs NYSE: 50 D1:-9% D5+6% - struggling today
(10:31 AM) tomthetrader: yes
redliontrader: weakness is in the RUT as far a NHs
(10:32 AM) bitterwind4: Tom any opinion on SWGVY or GUY am averaged in about here....seems it is ok??
redliontrader: NYSE is strength
(10:32 AM) tomthetrader: I feel the topping process AGAIN but the last 2 have gotten us 1-3% ?
(10:32 AM) tomthetrader: NYA has been hot and keeping longs strong
(10:33 AM) tomthetrader: broad market has been showing signs of maybe a top of longer term nature in my opinion
(10:33 AM) tomthetrader: everyone see that 90% of all stocks were above 20 dma for 1st time ever ?
(10:34 AM) tomthetrader: and the Q's rally almost identical to 2000 pre tech crash ?
(10:34 AM) bitterwind4: CIEN been v good scalp off 13. level
redliontrader: yes, this will not end pretty.. but when will it end?
(10:35 AM) bitterwind4: back in GLW
(10:35 AM) bitterwind4: CSCO still below 22 but flirting
(10:35 AM) tomthetrader: They always say the market can go on like this forever ...esp with the gov't of the world behind for the 1st time ?
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(10:36 AM) tomthetrader: we will take one more traunch of TWM at 25% Traders here at 30.75 keep same stop as 1st
(10:39 AM) hibuck2: NYSE A/D +369
(10:39 AM) hibuck2: NAZ A/D +198
(10:39 AM) tomthetrader: needs to close - actually now a bit bearish as the price has moved up
(10:40 AM) hibuck2: $PCRCO 1.19
(10:40 AM) tomthetrader: Not bearish !
(10:40 AM) tomthetrader: shows healthy skepticism
(10:41 AM) tomthetrader: 1033 SPX is still my top area but altered data and a wealth of news is so bullish
(10:41 AM) hibuck2: $TRIN 1.02 $TRIQE .62
(10:42 AM) tomthetrader: GLW CSCO HPQ CELG CAL PM NKE OXY GS FCX all on the buy list with GLW NOK acting better
(10:42 AM) ajayvee: Naz A/D +221 Vol +3:1
(10:43 AM) ajayvee: NYSE A/D +310 Vol +1.2:1
(10:43 AM) ajayvee: RUT A/D +199 Vol +2:1
(10:43 AM) desertone: MEE still on the list?
(10:43 AM) bitterwind4: GLW is ...was v slow butholding 16 level good for smalll scalps and they add up
(10:44 AM) tomthetrader: Yes very volatile though
(10:44 AM) tomthetrader: KOL a better way ?
(10:44 AM) tomthetrader: MEE ny Fave in COAL
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(10:44 AM) desertone: Yep I noticed, I missed out on a nice profit when it got to 31.30
(10:45 AM) desertone: TWM is looking good I did not jump in .....
(10:45 AM) tomthetrader: selling the last 25% of TWM at 31.00 from 31.75
(10:45 AM) bitterwind4: TWM strong bounce to 31
(10:46 AM) desertone: Nice TOM !!
(10:46 AM) tomthetrader: Thanks
(10:46 AM) bitterwind4: Hibuck you still in TZA
(10:46 AM) tomthetrader: we are cooking with oil now
(10:48 AM) hibuck2: out of TZA 13.80
(10:50 AM) tomthetrader: SOLD STJ AND CELG AND OUR LAST TRADE WAS 31.75 -31.00 on TWM
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(10:50 AM) bitterwind4: tks stop here is .75
(10:50 AM) tomthetrader: 30.75-31.00
(10:51 AM) tomthetrader: TWM stop now at 30.75
(10:53 AM) tomthetrader: Have 25% short with stops at 30.75 TWM
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(10:57 AM) cancersurvivor_1: hello everyone
(10:58 AM) desertone: Hello CS !!
(10:58 AM) desertone: CS_1
(10:58 AM) cancersurvivor_1: wat we have here right now
(11:00 AM) cancersurvivor_1: i am looking for a trader not a broker any available here ready to discuss
(11:00 AM) tomthetrader: http://www.ttthedge.com
(11:00 AM) tomthetrader: we can set you up ...follow the URL and let us know
(11:01 AM) cancersurvivor_1: ok toms
redliontrader: 11am nhs: NYSE 55 d1:-13% D5:+3.5%
redliontrader: http://www.ttthedge.com/2009/05/want-to-trade-live-with-pros.html
redliontrader: for membership information
(11:02 AM) ajayvee: Naz A/D +51 Vol +2.5:1
(11:02 AM) ajayvee: NYSE A/D -55 Vol -1.2:1
redliontrader: 10DayH-L: +442
(11:03 AM) ajayvee: RUT A/D -30 Vol +2:1
(11:03 AM) hibuck2: AJ thats what I hv too
(11:03 AM) hibuck2: should I sell mine now ?
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(11:05 AM) bitterwind4: they are giving them away.. Neighbor walking away from CA home and buying huge 9 car home in TEXAS.....400k cash
(11:05 AM) dhmohan1963: can it be due to tax breks to new buyers and it goes away now
(11:05 AM) bitterwind4: 15 acres
(11:06 AM) dhmohan1963: where in tx 400 k get 15 acres
(11:06 AM) bitterwind4: sure is part of it $8k
(11:08 AM) hibuck2: NAZ negative
(11:10 AM) hibuck2: $PCRCO 1.16
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(11:10 AM) hibuck2: $TRIN 1.71 $TRIQE .88
(11:10 AM) tomthetrader: Yes Tax breaks run out late Nov
(11:11 AM) hibuck2: was that it?
(11:12 AM) tomthetrader: sellofff?
(11:12 AM) tomthetrader: probably not
(11:12 AM) bitterwind4: be interesting to see if sales cool off. trailing TZA with a dime stop
(11:12 AM) tomthetrader: this rally was not followed by a big surge in a/d so we should see lower prices for a few days
(11:12 AM) hibuck2: have faith Tom !!
(11:13 AM) hibuck2: NYSE A/D -454
(11:13 AM) tomthetrader: I keep shorting Futures at the 1030-33 level and covering with 2-4 points
(11:13 AM) tomthetrader: Faith is my strong point
(11:13 AM) hibuck2: NAZ A/D -200
(11:13 AM) bitterwind4: faith hard to come by. stop TZA .90 hard
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(11:14 AM) hibuck2: gj bitt
(11:14 AM) dhmohan1963: appl falling susddenly
(11:15 AM) tomthetrader: AAPL a short
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(11:16 AM) desertone: Even with the fact that they are shipping Snow Leopard Friday? Tom?
(11:16 AM) desertone: OR U mean just for a daytrade?
(11:17 AM) desertone: BRB
(11:19 AM) tomthetrader: AAPL has topped near and possibly int term
(11:19 AM) tomthetrader: as has TECXH
(11:19 AM) tomthetrader: TECH
(11:19 AM) dhmohan1963: tom market follows appl or not
(11:19 AM) tomthetrader: I think you can buy 100 QQQQ OCT 44.00 puts
redliontrader: ticks are very bearish today..
(11:20 AM) tomthetrader: Yes
redliontrader: this 11:00 to 11:30 1/2 has been an important trend change area
(11:20 AM) tomthetrader: we have believe it or not been making a possible int term top for weeks now and may be a long term top ...the odds favor a Bull but you never know ?
(11:22 AM) dhmohan1963: how about tech bear
(11:22 AM) dhmohan1963: ok
(11:23 AM) dhmohan1963: you bought qqqq puts
(11:24 AM) desertone: For $ 4.09
(11:24 AM) bitterwind4: am now positive in SWGVY here
(11:25 AM) tomthetrader: over the past 2.5 days I have accumulated 100 puts in QQQQ and bought TYP ect looking for a top
(11:26 AM) tomthetrader: QQQVR is at 4.06 -4.09 now
(11:26 AM) tomthetrader: only 28 contracts filled
(11:26 AM) tomthetrader: I like to use my options like a stock
(11:26 AM) tomthetrader: so I go DEEP in the money and hold til EXP
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(11:27 AM) hibuck2: i like that play
(11:27 AM) desertone: QQQVR In @ 4.08
(11:29 AM) bitterwind4: ok I am going deeper....as I see you do that. used to like to buy cheap out of money........not grt
(11:30 AM) dhmohan1963: can u repeat it again
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(11:31 AM) bitterwind4: ok grt tks
(11:32 AM) bitterwind4: they all move like a stock then too...penny for penney almost
(11:32 AM) bitterwind4: and grt leverage for dollar spent
(11:33 AM) tomthetrader: Yes as good as Futures w/o expenses and worries
(11:33 AM) hibuck2: on Jan 10 volume the same OI
redliontrader: 11:30 NYSE NHs: 58 d1:-15% d5: -2%
redliontrader: getting weaker?
(11:34 AM) bitterwind4: are your stops off TZA??
redliontrader: 10dNH-L: +445
(11:34 AM) bitterwind4: could recover in a day
(11:34 AM) tomthetrader: Yes No stops ON TZA until we have a defined breakaway
(11:34 AM) bitterwind4: or 3
(11:35 AM) tomthetrader: I will trim some TZA slowly as the market falls back to 1000 if it does
(11:36 AM) tomthetrader: But again the best way to take a loss is after 100 gains ...so you build up your equity while not taking a realized loss ...and you can also take tax advantages on the loss at year end
(11:39 AM) hibuck2: now the Trins have been at one or over for two days i think this is the start of the sell off and we have doji yesterday on qqqq
redliontrader: those low ticks in the past has stirred the bulls.. so far not today -600, -800, -982
(11:44 AM) bitterwind4: may sell TZA if14, but would like to trend someting for a change
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(11:49 AM) tomthetrader: 1033 SPX res 1000 Support
(11:49 AM) *** Jay246 has left the room ***
(11:49 AM) tomthetrader: I hope I did not Hurt Thomas's Feelings again...he won't share his SEIKO after being nice to us for a week or so ?
(11:49 AM) tomthetrader: TP we need you ! Again ?
(11:50 AM) tomthetrader: stop 31,25 TWM
(11:50 AM) tomthetrader: sell TWM 31.25
(11:51 AM) tomthetrader: sold TWM 31.25
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(11:52 AM) hibuck2: w/QQQ VR 4.04 -4.06
(11:52 AM) tomthetrader: 30.75 TWM next limit ...I am out to lunch now
(11:52 AM) tomthetrader: 25% limit order on TWM over lunch at 30.75
(11:54 AM) bitterwind4: hard for me to get going in the early morning
(11:54 AM) bitterwind4: you hit it pretty hard from the get go
(11:54 AM) tomthetrader: yes...it is so tough
(11:54 AM) tomthetrader: it really is amazing we can make what we do
(11:54 AM) tomthetrader: It takes alot of effort
(11:55 AM) tomthetrader: and I am proud of my record in all markets
(11:55 AM) bitterwind4: takes me too long sometimes to get bearings
(11:55 AM) tomthetrader: It is experience and knowledge and some luck that keeps us in the game
(11:55 AM) bitterwind4: not too long...but awhile
(11:55 AM) tomthetrader: ever try night futures trading Bitter?
(11:56 AM) tomthetrader: Many of my members trade exclusively at night
(11:56 AM) bitterwind4: no
(11:56 AM) tomthetrader: they are smart !
(11:56 AM) tomthetrader: best action ..higher gains
(11:56 AM) tomthetrader: better tells and reads
(11:56 AM) bitterwind4: will follow it in future some time
(11:56 AM) tomthetrader: slower but better action ..more patterns picked up as the foreigners are in there using clouds
(11:57 AM) bitterwind4: when do you sleep??
(11:58 AM) ajayvee: haven't you heard him snoring when he leaves the mic on
(11:58 AM) tomthetrader:
(11:59 AM) tomthetrader: X is a example of a stock I hate in this climate
(11:59 AM) tomthetrader: whereas CELG and STJ I love
(11:59 AM) tomthetrader: AA Now hate short term
(12:00 PM) tomthetrader: FCX will hate until I buy soon !
(12:00 PM) tomthetrader: SIM is about to be a buy in 10%
(12:00 PM) tomthetrader: POT ?
(12:00 PM) tomthetrader: 92.25
redliontrader: 12pm NYSE NHs: 61 D1:-13% D5:-2%
(12:02 PM) dhmohan1963: tom r you on the paltalk in night time or some where else or not on at all
(12:02 PM) tomthetrader: I am on Paltalk ...if anyone else is..but mostly in LAZYBOY with laptop
redliontrader: 10dayh-1: +444
(12:03 PM) tomthetrader: just looking at futures alerts
redliontrader: lazyboy = walk?
(12:03 PM) dhmohan1963: ok i tried to look but saw no activity
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(12:03 PM) tomthetrader: I take positions at 4:30pm and close out at 2:00am latest
(12:03 PM) dhmohan1963: ok
(12:03 PM) tomthetrader: you have to ask
(12:03 PM) dhmohan1963: ok
(12:03 PM) tomthetrader: If paltalk is open just KNOCK
redliontrader: our 10 day is one lower than 1/2 hour ago..
(12:04 PM) tomthetrader: we usually have 5-12 in their at night ...the nuts...I mean the passionate one4s
(12:05 PM) tomthetrader: CAL up to 14.00 from 10.00
(12:05 PM) tomthetrader: another very impressive call since I am back slapping today
(12:05 PM) tomthetrader: I am off on a walk officially BRB
(12:07 PM) tomthetrader: I don't know if all the closed trades are updated from today ...seeral have written in
(12:07 PM) tomthetrader: several...we will get them all posted
(12:08 PM) tomthetrader: Lunch Rally DEAD ?
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redliontrader: All the trades are entered.. sometimes I forget to fill in the closed date and it doesn't show up in the view.. they are all updated now i think..
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(12:21 PM) tomthetrader: Thank you red
(12:21 PM) tomthetrader: Many write me and keep me on my toes so I just Blame you...what are partners for ?
(12:23 PM) bitterwind4: buy stop TZA 13.70 for me
(12:24 PM) tomthetrader: EDZ Buy Limit order at 8.88 25% Traders
(12:24 PM) tomthetrader: going along with the TWM limit order
(12:24 PM) tomthetrader: that will get us 50% long on a rally
(12:25 PM) tomthetrader: short a rallyI mean'
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redliontrader: 12:30 NYSE NHs: 67 D1:-12% D5:+2% (gained a little)
redliontrader: 10dayh_l: +456
(12:33 PM) ajayvee: Naz A/D -325 Vol -1.1:1
(12:34 PM) ajayvee: NYSE A/D -459 Vol -1.6:1
(12:34 PM) ajayvee: RUT A/D -375 Vol +1.5:1
(12:35 PM) tomthetrader: thanks ..these are bearish readings guys
(12:35 PM) tomthetrader: 1st actually since last Monday
(12:36 PM) tomthetrader: The calendar bears out ....we should have a stiff drop soon or else we go sideways and rally into sept 7th
(12:38 PM) bitterwind4: what is "stiff drop"....quantify??
(12:38 PM) ajayvee: Dow up 6 in a row, going for 7th today
(12:38 PM) nimesh_: ndx weak
(12:39 PM) bitterwind4: amaxing that is only back 3-4 day worth of market advance
(12:39 PM) bitterwind4: z
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(12:40 PM) ajayvee: think we will still rally enough to get our fills?
(12:42 PM) Fulkdaddy: Helene has a fantastic column on investor sentiment today...just e mailed it to Tom.
(12:43 PM) ajayvee: everyone waiting for auction results?
(12:44 PM) hibuck2: what time ?
(12:44 PM) ajayvee: in 15 minutes
(12:45 PM) hibuck2: thxs aj
(12:49 PM) tomthetrader: I don't think so AJ
(12:50 PM) tomthetrader: we will have to buy "hard" in the flurry after bond auction rsults and jobless claims tomorrow
(12:52 PM) Fulkdaddy: So you are thinking selloff today, Tom and bullish tomorrow?
redliontrader: what does that mean buy hard?
(12:53 PM) hibuck2: red i believe r shorts
(12:57 PM) tomthetrader: Like almost all of our trades ...very difficult to enter on the run
(12:58 PM) tomthetrader: easy to enter trades for a active trader is the limit based buy or sell ...the hardest is deciding on the "run"
(12:58 PM) hibuck2: Fast Money 5 sell the close
(12:59 PM) tomthetrader: we all know the market is due to pullback...now sideways or crash or somewhere in between
(12:59 PM) tomthetrader: after another 3% up ?
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(1:02 PM) hibuck2: Helen seems to think so pullback
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(1:03 PM) Fulkdaddy: Helene and Dick Arms are very cautious
(1:03 PM) hibuck2: me too
(1:03 PM) Fulkdaddy: Rev thinks a pullback is at hand but to wait for price to fail
(1:05 PM) ajayvee: since everyone thinks there is a pullback coming, it's a perfect time to run for new highs!
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(1:05 PM) tomthetrader: Buy em AJ !
(1:06 PM) tomthetrader: Let'sght the guys whom have been wrong the whole way up
(1:08 PM) tomthetrader: The problem with going too long is everyone else has bought ..there really is nothing to do now except sell
(1:08 PM) tomthetrader: what type of selling will it be
(1:09 PM) tomthetrader: will it be wholesale crash selling
(1:09 PM) tomthetrader: measured sideways selling like we have had for 10 days
(1:10 PM) tomthetrader: or a 3-5% correction liike we ahve had several times since March with 2 8-10% in their
redliontrader: 10dayh-l: +465
(1:10 PM) tomthetrader: The number od 1-5% corrections is near 20 or so and 2 8-10 %
(1:10 PM) bitterwind4: problem is rally hass been so strong buying a pullback can still leave you way up in the air?? if the mkt pulls back 3-5% is nothing
(1:11 PM) tomthetrader: I missed the 2nd 8-10% and am still kicking myself
redliontrader: 1pm NHS NYSE: 70 D1:-12.50% D5:+3% - sideways
(1:11 PM) bitterwind4: what happened of a more sizable pb....no one evgen talks of it happening.
(1:11 PM) tomthetrader: That is what I think will happen between Sept 15th and Oct 8-10th
redliontrader: TWM trades wierd
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(1:12 PM) tomthetrader: ? is will it come from 1100 1050 1033 or right here ...can come at anytime as the markets are not as strong sentiment wise as previous Bulls nor is the economy or backdrop as strong
(1:13 PM) tomthetrader: Rates plummet after another successful auction ?
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(1:14 PM) hibuck2: Helene,s chart of 2003 and today look pretty much the same to me
(1:15 PM) tomthetrader: and 2003 was alaunch exactly like we have
(1:15 PM) tomthetrader: and we had a 100% gain in QQQQ
(1:15 PM) tomthetrader: we already have 65% QQQQ gains
(1:15 PM) tomthetrader: so do we go for 200% or are we about done ?
(1:16 PM) tomthetrader: I can't see us going much further past 1033 SPX cash until we have a good cleansing
(1:16 PM) hibuck2: I say toast
(1:17 PM) ajayvee: Naz A/D -410 Vol -1.3:1
(1:17 PM) ajayvee: NYSE A/D -645 Vol -2:1
(1:17 PM) ajayvee: RUT A/D -465 Vol +1.4:1
(1:17 PM) tomthetrader: getting to where YOU WILL HAVE TO BE SHORT
(1:18 PM) tomthetrader: B team on most desks will be afraid to buy
(1:18 PM) tomthetrader: and locking in any profits will be the story by Friday p.m.
(1:18 PM) tomthetrader: Bad news out will kill this market
(1:18 PM) tomthetrader: good news doing nothing now
(1:19 PM) tomthetrader: as it is priced in
(1:19 PM) hibuck2: and its not pulling back to get short
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redliontrader: that flat top from June 1st to June 15th is like the 2nd possibiity?
(1:21 PM) bitterwind4: If Kass is short SPY what is the best option short trade and is it a swing trade??
(1:21 PM) tomthetrader: Yes
(1:22 PM) tomthetrader: Kass is a swing type guy and he would be in the money 2 months pout
(1:22 PM) tomthetrader: we trade alot alike
(1:22 PM) desertone: TY BW4 I was going to ask same !!
(1:22 PM) tomthetrader: I wish I had his money
(1:22 PM) tomthetrader: QQQQ puts going well
(1:22 PM) bitterwind4: and will it be the kind of trade he will hold forward for say a moth??
(1:23 PM) tomthetrader: No
(1:23 PM) tomthetrader: a week or less
(1:23 PM) tomthetrader: he will take profits quickly
(1:23 PM) tomthetrader: if he gets a 3% move
(1:23 PM) bitterwind4: ok am in them so ...will see ...tks
redliontrader: that june 1st to june 15th was a TOUGH trading environment.. how do we trade it?
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redliontrader: 10dayh-l: +460 (lost -5)
(1:27 PM) Fulkdaddy: Tom is correct, these are his trading shorts.
(1:27 PM) Fulkdaddy: Kass will take profits at least partial on a good whack
(1:28 PM) Fulkdaddy: After reading Kass now for 5 years, he is usually right, but can be early at times
(1:28 PM) Fulkdaddy: He likes to try to call the turning points in the market.
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(1:29 PM) tomthetrader: we called that top in June and have more or less shorted since RED and just getting MOMO long to make profits
(1:29 PM) tomthetrader: I think we see that price again in OCT unless like AJ says everyone else does !
redliontrader: so tom.. you think we could see 960?
(1:33 PM) Fulkdaddy: Red, your analysis of the lack of NH's was spot on from the e mail you sent this morning. Great work and thanks!
redliontrader: yes, it will be interesting to see it work out.. The piece that Tom sent around about junk pushing the indicies higher explains the missing symbols from the parade
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(1:40 PM) Fulkdaddy: Tom, are the indicators showing you a positive or negative close?
(1:42 PM) tomthetrader: negative
(1:42 PM) tomthetrader: but selecting a entry point now to short is tough as we will go back + soon
(1:43 PM) tomthetrader: and you have to enter at a good level now
(1:43 PM) hibuck2: still looking EDZ 8.88 TWM 30.75 ?
(1:43 PM) tomthetrader: Yes but we will have to BUY EDZearly as in Now
(1:44 PM) tomthetrader: and TWM may have to wait as I am looking at IWM puts
(1:45 PM) tomthetrader: we will add 10% Traders short here wit5h EDZ at 9.08
(1:45 PM) tomthetrader: filled 9.07
(1:45 PM) tomthetrader: we are 10% Long EDZ 3x short the world
(1:46 PM) tomthetrader: again 10% short via EDZ at 9.07 stop 8.75
(1:46 PM) tomthetrader: we will add in 10% positions
(1:46 PM) tomthetrader: in IWM Puts and EDZ
(1:46 PM) ajayvee: which puts?
(1:47 PM) tomthetrader: OCT 60.00
(1:47 PM) tomthetrader: 20 at the market
(1:48 PM) tomthetrader: = short IWM at 58.29
(1:48 PM) ajayvee: DIWVH
(1:49 PM) tomthetrader: That is it
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(1:49 PM) tomthetrader: 3.55-60
(1:49 PM) tomthetrader: limit but .50
(1:49 PM) tomthetrader: last 3.35
(1:50 PM) tomthetrader: 80 contracts today
(1:50 PM) tomthetrader: very low risk trade
redliontrader: I am confused.. are we filled on the puts?
redliontrader: DIW VH
(1:57 PM) tomthetrader: No we have a limit in Red
(1:57 PM) hibuck2: Red i think tom wants to buy @ 3.50
(1:57 PM) tomthetrader: to Buy 20 at 3.50
redliontrader: ok
(1:57 PM) hibuck2: high TICK +1019
(1:57 PM) tomthetrader: 5 were bought at 3.55 but not by me
redliontrader: ok.. i got filled at 3.50
(1:59 PM) ajayvee: filled
(2:00 PM) hibuck2: back in TZA 13.82
(2:02 PM) tomthetrader: everyone in
(2:03 PM) tomthetrader: stop at 2.40
(2:03 PM) bitterwind4: y
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(2:05 PM) ajayvee: 2.40 is a long way down
(2:05 PM) tomthetrader: Yes ...hopefully not today !
(2:05 PM) tomthetrader: But that is why we are here ...the excitement !
(2:06 PM) tomthetrader: our winning % extremely high for 30 days near 95%
(2:06 PM) tomthetrader: but 2-3 ain't bad ?
(2:07 PM) tomthetrader: MEATLOAF for dinner
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(2:08 PM) tomthetrader: where is my boyfriend Thomas ?
(2:08 PM) tomthetrader: we usually dance now
redliontrader: nyse NHS: 77 D1:-11% D5:+3% (Sideways)
(2:09 PM) tomthetrader: good day here ...good profits locked in
redliontrader: 10dayh-l: +486
(2:09 PM) bitterwind4: wanted GLW back to 15.50 for a trade...not today
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(2:17 PM) tomthetrader: NOK I had to buy on Monday ...missed
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(2:18 PM) tomthetrader: Have a special on Kass on THE Street.com
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(2:25 PM) hibuck2: NYSE A/D -330
(2:26 PM) hibuck2: NAZ A/D -192
(2:26 PM) hibuck2: $PCRCO 1.09
(2:26 PM) hibuck2: $TRIN 1.60 $TRIQE .92
(2:28 PM) desertone: I went in Tom
(2:28 PM) desertone: Do You continue seeing AAPL as a short?
(2:30 PM) tomthetrader: YES But I would not short it...I would stay with broad market or weak stocks
(2:30 PM) tomthetrader: QQQQ is AAPL more or less
(2:30 PM) tomthetrader: I want to short MORE TOL for earnings tomorrow
redliontrader: nhs: NYSE 80 d1:-12% d5:+3.5%
(2:31 PM) tomthetrader: GS and AAPL are the Market
(2:31 PM) tomthetrader: they will lead
redliontrader: 10dayh-l: +499
(2:32 PM) desertone: OK ty ! Am in both IWM Oct 60 puts and QQQQ Oct 44 puts
(2:33 PM) hibuck2: gj des
(2:34 PM) desertone: Tnks
(2:34 PM) Pete45: Tom -do you like TOL puts...if so, which month?
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(2:35 PM) Pete45: K, thanks
(2:35 PM) tomthetrader: OCT better
(2:35 PM) tomthetrader: Earnings will drive it Crazy
(2:35 PM) tomthetrader: short term
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(2:43 PM) tomthetrader: Thanks
redliontrader: what is strange is the dow A/D line now is neg.
redliontrader: they are all neg
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(2:45 PM) ajayvee: Naz A/D -130 Vol +1:1
(2:46 PM) ajayvee: NYSE A/D -205 Vol -1.4:1
(2:46 PM) ajayvee: RUT A/D -129 Vol +1.6:1
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(2:50 PM) rob908: anyone alive?
redliontrader: hi rob, what can I do for you?
(2:51 PM) rob908: a short position?
redliontrader: http://www.ttthedge.com/2009/05/want-to-trade-live-with-pros.html
(2:52 PM) rob908: lol
redliontrader: for our non-members that are interested in joining
(2:52 PM) *** energy2x has left the room ***
(2:52 PM) rob908: you want me to trade with the pro's?
(2:52 PM) *** rob908 has left the room ***
(2:54 PM) hibuck2: QQQ VR @ 3.93
(2:56 PM) hibuck2: black box got me on my stop again TZA
redliontrader: i got tagged too hibuck..
(2:57 PM) tomthetrader: Rob Must be one of those expert traders that cruise paltalk with no money ?
(2:57 PM) hibuck2: mother f**********
(2:58 PM) hibuck2: not ur fault put the stop to close
redliontrader: 10 -11 NYSE was +
(2:59 PM) dhmohan1963: ajay where you can find A/D line real time
(2:59 PM) hibuck2: how about both neg
(2:59 PM) ajayvee: I have it in Tradestation
(2:59 PM) tomthetrader: wsj.com data center has it
(3:01 PM) ajayvee: RUT A/D volume still positive 1.5:1
redliontrader: 3pm NHS NYSE: 82 D1:-12% D5:+3%
(3:01 PM) hibuck2: qqq vr now 4.02
(3:01 PM) tomthetrader: Nice trade if I sold 20 at 3.60
redliontrader: about the same on the NHS
redliontrader: both the NQ and RuT have re-gained momentum
(3:01 PM) tomthetrader: Thank you
(3:02 PM) bitterwind4: Schwab charges too much for options
redliontrader: 10dayh-l: +510
(3:02 PM) tomthetrader: yes...that rally was a bit more broad based so we have to be careful
(3:02 PM) hibuck2: 9.95 + 1.00 contract
(3:03 PM) tomthetrader: sell 3.65 if taken 20 contracts DIWVH
(3:04 PM) tomthetrader: limit to sell 20 contracts at 3.65 DIWVH ..will reenter if filled at a better price
(3:04 PM) tomthetrader: no fill
(3:04 PM) tomthetrader: 56 min
(3:07 PM) berniectx: Tom I've been watching UYM thinking maybe to pick some up on next buyy signal chart looks interesting any thoughts?
(3:07 PM) tomthetrader: we will by 10% QID in Traders at 25.57 stop 25.25
(3:08 PM) tomthetrader: Bernie : That is a good place to be buying very soon ..it could correct 10% here so I am looking to add also
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(3:08 PM) tomthetrader: I hope to get it cheaper
(3:08 PM) berniectx: thx
(3:13 PM) tomthetrader: Gov't is turning Euro style
(3:13 PM) tomthetrader: Banks will do everything market / gov't wants
(3:13 PM) tomthetrader: kinda debtor in possession ?
(3:14 PM) berniectx: On a longer term basis all the massive debt scares the heck out of me and they just keep spending...think we will all see higher taxes soon
(3:14 PM) tomthetrader: PORTFOLIO CLEANER EVERYONE OK ?
(3:15 PM) tomthetrader: Higher taxes and a lower growth
(3:15 PM) tomthetrader: as they have admitted but no one cares ...better than a depression I guess
(3:15 PM) tomthetrader: and stocks are yielding returns
(3:15 PM) tomthetrader: so best get in !
(3:15 PM) tomthetrader: Is their thinking
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(3:22 PM) tomthetrader: Main Fund we will go Long in BGU 10% position to keep hedge in place 46.67
(3:23 PM) tomthetrader: filled BGU as our Main Fund 10% hedge since we lost STJ and CELG
(3:26 PM) ajayvee: Naz A/D -263 Vol 1:1
(3:26 PM) ajayvee: NYSE A/D -400 Vol -1.5:1
(3:27 PM) ajayvee: RUT A/D -300 Vol +1.6:1
(3:27 PM) tomthetrader: I am 99% sure we will get a neg a/d with a + Dow ?
(3:27 PM) tomthetrader: this precedes a correction nearly EVERY TIME
(3:28 PM) tomthetrader: stop our Main Fund BGU at Break even please 46.67
(3:30 PM) tomthetrader: stopped out of Long BGU
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(3:30 PM) tomthetrader: a war now
(3:31 PM) tomthetrader: again they want a war here on the close BULLS will not give up
(3:31 PM) tomthetrader: look at the battle
(3:31 PM) tomthetrader: freaking fist fight
(3:31 PM) tomthetrader: where are the knives?
redliontrader: 3:30PM NHs: NYSE 84 D1: -14% D5:2% (a little weaker) -
redliontrader: 10dayh-l : +522
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(3:42 PM) tomthetrader: we will add 10% MORE edz EDZ 10% added to Traders 9.03stop with other positions
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(3:42 PM) tomthetrader: stop 8.75
(3:43 PM) ajayvee: All U.S. Exchanges A/D -596 Vol -1.16:1
(3:43 PM) tomthetrader: Yes
(3:44 PM) tomthetrader: very good data
(3:44 PM) tomthetrader: best view AJ
(3:44 PM) ajayvee: yes, just found it. now on my charts
(3:45 PM) tomthetrader: that is the best item in this toppy process ...we start to go + we cover
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redliontrader: was that our correction?
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(3:52 PM) ajayvee: A/Ds moving up fast
(3:52 PM) bitterwind4: buy stop TZA 13.75
redliontrader: my heart is pounding.. is Tom going to get it?
redliontrader: Dow +10 NYSE ADD -128 5 minutes to go
redliontrader: 4 mintues dow +4.38 add -171
(3:57 PM) ajayvee: RUT and Naz positive A/D
redliontrader: t-2 dow 5.6 add -141
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redliontrader: t-1 dow -1.21 add -146
redliontrader: tom is buying dow stocks now
redliontrader: dow 5.66 add -98
redliontrader: wow!
redliontrader: surge of new highs at the end
(4:01 PM) desertone: Wow look at AAPL
redliontrader: NYSE NHS: 91 d1:-11% D5:+5% (momentum +)
(4:02 PM) ajayvee: NYSE A/D -115 Vol -1.2:1
(4:02 PM) ajayvee: All U.S. A/D -10 Vol +1.04:1
(4:02 PM) tomthetrader: .01% gain with - a/d
redliontrader: NASDAQ NHS: 66 d1:-12% d5:+12%
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(4:03 PM) desertone: What was that with AAPL a phantom trade ......... within seconds up/down 2+
(4:03 PM) ajayvee: Naz A/D +125 Vol +1.6:1
redliontrader: rut NHS: 50 D1:-26% D5:+1%
redliontrader: 10dayH-L: 542
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(4:03 PM) ajayvee: RUT A/D +175 Vol +1.88:1
(4:03 PM) tomthetrader: tol
redliontrader: 10dayH-L about -260 from yesterday
redliontrader: but not a bad bullish consolidation..
(4:05 PM) tomthetrader: 3 days total 15 dow points
redliontrader: tomorrow could be a good/bad news day
redliontrader: 8:30 GDP
redliontrader: 8:30 Jobless Claims
redliontrader: 10:30 am Natural Gas Inventories
(4:06 PM) *** Fulkdaddy has left the room ***
redliontrader: FYI Members.. These logs are archived at http://PV.TTTHEDGE.COM
