(7:57 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(7:57 AM) Alert: Hi , Welcome to TTT
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(8:10 AM) tomthetrader: sell EDZ 9.75 this a.m. if you get a shot again target 9.75 EDZ
(8:11 AM) tomthetrader: 16.25 DUG to reduce some short exposure
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(8:21 AM) ajayvee: getting my lunch money from DUG at 16.25
(8:21 AM) tomthetrader: tremendous...seems like a Ruth Chris meal ?
(8:22 AM) ajayvee: party of 10
(8:22 AM) tomthetrader: several house payments ?
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(8:36 AM) tomthetrader: we should be boxed in on EDZ 9.60 -9.75
(8:36 AM) tomthetrader: we should have covered ES 1020-21 10 contracts
(8:36 AM) tomthetrader: we should be boxing in DUG or trailing 1%
(8:37 AM) ajayvee: we've hit our lows for the day?
(8:37 AM) tomthetrader: 9.67 I sold a piece...anyone else lock in on EDZ ?
(8:38 AM) tomthetrader: Probably AJ big data coming out so they will squeeze
(8:38 AM) tomthetrader: 1040 -1019 21 points drop
(8:38 AM) tomthetrader: 2% +
(8:38 AM) ajayvee: 9.72 on EDZ remainder at 1% trailing
(8:38 AM) tomthetrader: all you might get
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(8:39 AM) tomthetrader: 16.25 DUG is a nice profit as Bears we can't turn down 10K on a Monday A.m.
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(8:41 AM) desertone: Good Morning everyone !
(8:42 AM) tomthetrader: Hi D 1
(8:42 AM) tomthetrader: Happy This A.M. ?
(8:43 AM) tomthetrader: everyone who has a piece of the short world ?
(8:43 AM) tomthetrader: for now can change so PLEASE TAKE PROFITS
(8:43 AM) tomthetrader: 25.80 QID locking in some
redliontrader: xcellent closing call mr. T!
(8:43 AM) tomthetrader: Thank you Mr Red
(8:44 AM) tomthetrader: a blind hawk can find a nut occassionally
redliontrader: we are sitting right at the 3% PB number for TF.. this is the same place we violently bounced off a couple of days ago (it is higher now with a new high).. TF value of 593
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(8:45 AM) desertone: Am afraid reading McHugh over the weekend can even get worse.....
(8:46 AM) tomthetrader: He goes with the flow ..what happened to 1500 ?
(8:46 AM) tomthetrader: Phi Date must have been misread !
(8:46 AM) tomthetrader: I wonder if he really has ever put any actual money in the market ?
(8:47 AM) tomthetrader: anyone ever check it out ?
(8:47 AM) desertone: DJI 11500 will happen but it's the aftermath
(8:47 AM) tomthetrader: Maybe all professional opinion while in treasuries ?
(8:47 AM) desertone: Yes he just did and he is watching to pull it out fast and raise cash
(8:48 AM) tomthetrader: before the government comes out with BULL data
(8:48 AM) desertone: Anyway that is one opinion only
(8:49 AM) tomthetrader: of the millions...like my mentor says just like ------ there are opinions !
(8:49 AM) tomthetrader: Just as many of them !
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(8:52 AM) tomthetrader: again sell or trail tight EDZ QID ESU9
(8:57 AM) Fulkdaddy: I am seeing a lot of rising wedges in the charts
(8:57 AM) Fulkdaddy: Bearish
(8:57 AM) Fulkdaddy: on the dailies
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(8:58 AM) tomthetrader: Yes ...but our government at hand ...data all week ...Friday will be up ..I would bet my last $
(8:58 AM) tomthetrader: I want to be out of shorts By Friday
(8:59 AM) Fulkdaddy: Yes, I am looking more intermediate-ternm
(8:59 AM) Fulkdaddy: Went to see Navellier on Wednesday last week, he is bullish through May as he said yoy comparisons will continue to be easy to beat
(9:00 AM) tomthetrader: Is there a int term ? Anymore I hope to see 1 hour w/o manipulation ?
(9:00 AM) Fulkdaddy: But if the consumer does not come back in 2010, we will have a double dip recession
(9:00 AM) tomthetrader: Louis is a treat !
(9:00 AM) tomthetrader: He and Cramer have the longest list of LONGS in the world and Tim Knight the longest list of shorts ?
(9:00 AM) Fulkdaddy: He said he used to be a bank analyst and he used to "cook the books" and he said the books are surely being "Cooked" now
(9:01 AM) tomthetrader: China may have cooked it's last book for awhile
(9:01 AM) Fulkdaddy: He said, I could take two banks that are losing money, merge them together and make them show that they are profitable!!!
(9:01 AM) tomthetrader: If our banks are not careful we could have a part 2 here
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(9:02 AM) tomthetrader: Look at the best run bank out there next to the worst HCBK vs any trash
(9:02 AM) tomthetrader: HCBK and GS JPM all dropping or not going up all Trash up 400%?
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redliontrader: oil below 71
(9:03 AM) tomthetrader: yes DUG is going to on fire this week target 57.50
redliontrader: This market is soooo strong it will take a major crisis to bring it down.. other wise skip along sideways or up until the underpinnings are weakend.. imho
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(9:05 AM) Fulkdaddy: Lou had a LOT of charts about the cheap stocks leading the rally
(9:06 AM) tomthetrader: I agree...it will take alot of bad news or a geopolitical cris to get down over 8%
(9:06 AM) Fulkdaddy: The charts were from Ned Davis and Yardeni
redliontrader: same page
(9:06 AM) tomthetrader: Great work ...very good data
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(9:06 AM) Fulkdaddy: The conclusion was, the "good stocks" will now take the baton and get us up another 40% into May
(9:07 AM) tomthetrader: Ed Yardeni is really good as well as NED is the best of breed
(9:07 AM) tomthetrader: May 2010
(9:07 AM) tomthetrader: 9 months of Bull ?
(9:07 AM) Fulkdaddy: Gartman's reliable Eur/Yen relationship is showing weakness, and Dennis said it usually leads the market
redliontrader: es testing lod
(9:08 AM) Fulkdaddy: If Eur/yen breaks 132, it could be pullback time
redliontrader: tf at 573 3% resistance
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(9:09 AM) tomthetrader: Let's sell that ES Red OK ?
(9:09 AM) tomthetrader: cover it
(9:09 AM) tomthetrader: 10 contracts
(9:09 AM) tomthetrader: and get it locked in
(9:10 AM) tomthetrader: we may buy back into DUG
(9:10 AM) tomthetrader: DUG we may reenter quickly today
(9:10 AM) tomthetrader: a lot of action as BHI takes BJS
(9:11 AM) tomthetrader: to start some takeoers but I still think Oil 57.50
(9:11 AM) tomthetrader: so we have to be short oil
(9:11 AM) tomthetrader: SCO and DUG my best plays
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(9:14 AM) ajayvee: y
(9:14 AM) azags: y
(9:14 AM) billbTN: y
(9:15 AM) Fulkdaddy: y
(9:15 AM) hibuck2: y
(9:15 AM) bitterwind4: good
(9:15 AM) csu30: GM
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(9:17 AM) bitterwind4: AIG down 10% my-my
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redliontrader: we should watch volume today.. to see if we have returned from summer?
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redliontrader: i have 9:45.. did i enter 9:30?
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redliontrader: D1.. are you still holding puts?
(9:26 AM) bitterwind4: ideas nfor Tech short when you have time Tom
(9:27 AM) tomthetrader: hpq
(9:27 AM) tomthetrader: ibm
(9:27 AM) tomthetrader: nok
(9:27 AM) tomthetrader: msft
(9:27 AM) tomthetrader: typ
(9:28 AM) tomthetrader: goog
(9:28 AM) tomthetrader: isrg
(9:28 AM) tomthetrader: bidu
(9:28 AM) tomthetrader: cyou
(9:28 AM) tomthetrader: perfect world
(9:28 AM) bitterwind4: ok thk Tom
redliontrader: how can you short a perfect world?
redliontrader: lol
(9:29 AM) eman11: GM Everyone, Semi back from vacation, will be in and out all day pr - back full-time tomorrow. Nice Call on the shorts today.
(9:29 AM) tomthetrader: LOL is right
(9:29 AM) tomthetrader: Eric ...welcome
(9:29 AM) tomthetrader: we missed you
(9:30 AM) eman11: Aww sucks - Thanks
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(9:30 AM) tomthetrader: we luv yo E
redliontrader: nobody missed you more than me eric.. they were all yelling at me about my portfolio mistakes
(9:32 AM) tomthetrader: We will cover NVDA at 14.53 OK get it off the books
(9:32 AM) tomthetrader: covered NVDA
(9:34 AM) eman11: I will be back full time tomorrow to help RED, from reading all the e-mail and catching up with the Traders transcript you have been very busy.
(9:36 AM) tomthetrader: 13.21 Take off 1/2 of SMN lock in large profits
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(9:37 AM) Fulkdaddy: Red, great e mail you sent yesterday titled " An economy based on Miricle Grow"
(9:37 AM) Fulkdaddy: really good work
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(9:37 AM) Fulkdaddy: Do you have an update on the 10 day ma of NH-NL?
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redliontrader: thank you dave.. hang on
(9:39 AM) tomthetrader: got the wrong SMN RED
redliontrader: see eriC!
(9:39 AM) tomthetrader: 12.80 -13.21
redliontrader: ok.. yes.. i halfed the 4K position. didn't see two were open.. hange on
(9:40 AM) tomthetrader: like the blue hair ladies club ...tAKE BACK MY MEAL IT IS NOT COOKED RIGHT RED
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(9:44 AM) tomthetrader: 2% tRAIL STOP ON all positions short
(9:45 AM) tomthetrader: longs WE ARE AT 8% STILL
(9:45 AM) dhmohan1963: tom i have some puts do we leave it as it is
(9:46 AM) tomthetrader: pUTS YOU CAN TAKE PROFITS IN AND REENTER OR SELL 1/2 AND HOLD THE REST WITH A STOP AT BREAK EVEN
(9:52 AM) Fulkdaddy: Feels like we will not bounce today
(9:52 AM) Fulkdaddy: and we will close down
(9:52 AM) tomthetrader: congrats team ttt
(9:52 AM) tomthetrader: TTT Racks em up very well done
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(9:53 AM) bitterwind4: did take 1/2 DIWVH and QQQVR
(9:53 AM) tomthetrader: congrats
(9:54 AM) tomthetrader: Now everyone rejoin for 2010 while you got some cash !!!!!
redliontrader: wtg b4
(9:54 AM) tomthetrader: 15 sec commercial spots
redliontrader: 10dayh-l: -331
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(9:55 AM) bitterwind4: holding my SWGVY had sold the GUYs
(9:57 AM) bitterwind4: took 1/2 position CIEN ..04
redliontrader: 10:00 am nhs nyse: 31 d1:-31% d5:-19% (fairly strong condsidering down 100)
redliontrader: naz and rut NHs are down 75% and 82% d-d
redliontrader: NQ on 3% pb 1618
redliontrader: YM on 2% PB 9443
(10:02 AM) desertone: Having puter problems need to reboot BRB
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(10:06 AM) tomthetrader: OK
(10:07 AM) bitterwind4: GLW pb to 2 wk lows 15.22 here
(10:07 AM) ajayvee: Naz A/D -1472 Vol -2.4:1
(10:08 AM) bitterwind4: soo ema is 14.99 level
(10:08 AM) ajayvee: NYSE A/D -2000 Vol -16:1
(10:08 AM) ajayvee: RUT A/D -1519 Vol +1.1:1
(10:08 AM) ajayvee: All U.S. A/D -3621 Vol -3.7:1
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(10:10 AM) tomthetrader: pretty normal correction in a Bull so far
(10:10 AM) tomthetrader: 1015 held up
(10:11 AM) tomthetrader: I still think 980 may be the bottom so we will short some more soon
(10:11 AM) tomthetrader: Chartist wise I am looking to short some more
(10:11 AM) tomthetrader: Gut Experience wise I am looking to short more
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(10:12 AM) tomthetrader: T/A wise I am worried the bounce hold of 1015 is a real possibility
(10:12 AM) bitterwind4: getting and holding thru this 1017 level is key
(10:13 AM) tomthetrader: SMN 13.21 we will reenter SMN in the Traders 25%
(10:13 AM) tomthetrader: stop 13.14
(10:13 AM) tomthetrader: 13.20 filled
(10:14 AM) bitterwind4: CSCO lod 21.59
(10:15 AM) tomthetrader: adjust stop on SMN to 13.10 please
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(10:16 AM) bitterwind4: NVDA needs to fill it big gap to 14.06
(10:16 AM) bitterwind4: be nice long there
(10:17 AM) tomthetrader: let go of NVDA to soon but it is a good stock ..wanted a 1% selloff
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(10:20 AM) tomthetrader: 1015 holding up
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redliontrader: 10dayh-l: -372
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(10:20 AM) bitterwind4: CIEN again held 13
(10:21 AM) tomthetrader: These are good stocks CIEN NVDA CISCO
(10:22 AM) tomthetrader: SBB stop at 44.00
(10:23 AM) bitterwind4: My fore traders every day CIEN NVDA , then some CSCO....GLW in dog house 2 wk lows watching
(10:23 AM) bitterwind4: four
(10:23 AM) tomthetrader: again stop our 50% SBB at 44.00
(10:24 AM) bitterwind4: Iliked your puts IWM QQQQ and SPY
(10:24 AM) bitterwind4: I will
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(10:25 AM) bitterwind4: out CIEN 13,22
(10:25 AM) tomthetrader: 44.20 sold SBB
(10:25 AM) tomthetrader: 50% took the cash
(10:28 AM) tomthetrader: sell 1000 sh of TZA at 14.83
(10:29 AM) eman11: Bye TTT, I have gotta go, I might me back later today, if not I will be back tomorrow. Good Luck.
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(10:30 AM) bitterwind4: Grt call TZA....too soon.....nuts
redliontrader: nhs: 10:30 NYSE: 37 D1:-27 d5:-27
redliontrader: 10dayh-l: -391 (continues to weaken)
(10:32 AM) Fulkdaddy: Feels like a trend down day
(10:32 AM) tomthetrader: yes
(10:32 AM) bitterwind4: EDZ below 9 was grt price.....could not take was out of money
(10:32 AM) tomthetrader: we will sell all SMN at the market here ....13.27
(10:33 AM) bitterwind4: SWGVY sold all......best option in a while
(10:34 AM) bitterwind4: had it near lows and it was cheap
(10:35 AM) tomthetrader: except TZA
(10:36 AM) bitterwind4: if 980 SPX occursis it a 2-3 week lower low scenerio as mkt fight with the bulls ......I would prefer that to a swoosh down....comments
(10:38 AM) tomthetrader: I think it has to happen before Friday
(10:38 AM) tomthetrader: in a WHOOOOSH on bad news ...maybe Thurs claims data
(10:39 AM) tomthetrader: and rally Friday on false unemployment data
(10:39 AM) tomthetrader: PORTFOLIO CLEANER PLEASE DOUBLE CHECK OUT OF ALL SHORTS EXCEPT TZA
redliontrader: I have traders 100% cash
(10:40 AM) tomthetrader: CONGRATULATIONS YOU HAVE BEATEN ALL ODDS !!!!!!!!!!
redliontrader: Main 6% short with TZA, 30% long GILD, JNJ, QCOM
(10:41 AM) tomthetrader: PERFECT WORLD = RED ?
(10:42 AM) bitterwind4: did buy 1/2 GLW 15.22
(10:42 AM) ctmhou: Let them eat...............
(10:42 AM) tomthetrader: Great Job
(10:42 AM) tomthetrader: Exactly Craig ..we are better than GS
(10:45 AM) willwin: thk u for smn Tom +++
(10:45 AM) bitterwind4: when the second wave of mortgage reset/defaults hits wonder of the mkt will go up. Banks are holding off alot of inventory in CA that is in default too. a mess
(10:45 AM) willwin: have to get going again
redliontrader: by wil
(10:46 AM) willwin: sent a pm to u too Tom
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(10:50 AM) tomthetrader: Thank you Will
(10:51 AM) tomthetrader: 1010 - 1015 is the first test on the downside, and if we slide into that area over the next day or two, we should have another "oversold on support" setup as the indicators fall into oversold territory.
redliontrader: 10dayh-l: -401
(10:56 AM) ajayvee: junk stocks AIG and C well off their lows
redliontrader: how is the put/call ratio?
(10:57 AM) tomthetrader: SKF with a tight stop or FAZ
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redliontrader: 11:00 NYSE NHS: 45 d1:-17% d5:-22%
(11:01 AM) bitterwind4: CSCO lod
(11:03 AM) tomthetrader: near a BUY Bitter
(11:03 AM) tomthetrader: I am going to start getting 500 sh at a time
(11:06 AM) tomthetrader: 1000 - 1030 SPX cash buy 1000 sell 1030 for now
(11:07 AM) tomthetrader: still selling rallies and starting to buy CSCO GS
(11:14 AM) azags: I have played both ends today. In the early am I sold qid and bought qld at 45.5 and sold it at 45.75. I am looking to buy qld again lower if possible. I also sold dug in the premarket at 16.25
(11:16 AM) tomthetrader: Good trading Zags
(11:16 AM) tomthetrader: you hedging now looking more longs ?
(11:17 AM) azags: yes
(11:17 AM) tomthetrader: agree
(11:18 AM) tomthetrader: Thank you and hope we can beat up mr Market again
(11:18 AM) azags: I still have lots of funds for which I hedged with qid dxd and naked qld calls
(11:19 AM) tomthetrader: I am looking at adding stocks in the IRA screener
(11:19 AM) tomthetrader: those that are off 3-10 % since last MONDAY
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(11:19 AM) tomthetrader: SBB is a giant play here
(11:19 AM) tomthetrader: I think we could get alot more out of it
(11:20 AM) tomthetrader: SBB SMN and DUG
(11:24 AM) bitterwind4: vol so low in SBB this room could trade more than it trades or am I wrong on the vol....must be
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(11:28 AM) tomthetrader: 18K
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(11:29 AM) tomthetrader: can do almost the same with TWM
(11:29 AM) desertone: Back
(11:29 AM) tomthetrader: or puts on MDY
(11:29 AM) tomthetrader: Hey D-1
(11:29 AM) tomthetrader: hope you can stay !
(11:29 AM) desertone: Did I misse a lot ?
(11:30 AM) tomthetrader: Nope
(11:30 AM) tomthetrader: we are resting
(11:30 AM) bitterwind4: ok tks....re TWM
(11:30 AM) desertone: Schwab SSPro was on the blink......... argggggggg
(11:30 AM) tomthetrader: MDY puts
(11:30 AM) tomthetrader: is a possible play for options Traders
redliontrader: 10dayh-l: -413
redliontrader: 11:30 NYSE Nhs: 49 D1:-13% d5:-29%
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(11:49 AM) tomthetrader: In the money put6s on MDY is recommended not required will not be put on Traders or main
(11:50 AM) tomthetrader: TZA a Break even soon sell 1000 14.85
(11:50 AM) tomthetrader: sold 1000 at 14.85
(11:50 AM) tomthetrader: 1300 sh left stop 14.80
(11:52 AM) tomthetrader: 14.84 all out of shorts
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redliontrader: 12PM NHS NYSE: 49 d1:-13% d5:-29%
redliontrader: 10dayh-l:-417
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redliontrader: YM sits on the 2% PB
redliontrader: ES has returned to from the below the 2% PB
redliontrader: TF hovers about .25% about the 4% pb
redliontrader: NQ sitting on the 3% PB
redliontrader: oil 69.48!
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(12:07 PM) tomthetrader: DUG
(12:08 PM) tomthetrader: DTO
(12:08 PM) tomthetrader: SCO
(12:08 PM) tomthetrader: had many shots this a.m. to reenter the trade
(12:08 PM) tomthetrader: I amin in crude furures and took a lot off last night
redliontrader: aj any chance giving us a A/D update?
(12:12 PM) *** TraderTim has joined the room ***
(12:13 PM) tomthetrader: 1015 still support
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(12:13 PM) tomthetrader: 160.00 GS a open order to buy
(12:14 PM) tomthetrader: CSCO 21.20-21.50 should be a great entry
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(12:21 PM) ajayvee: Naz A/D -14112 Vol -1.6:1
(12:21 PM) ajayvee: NYSE A/D -1790 Vol -7.6:1
(12:21 PM) ajayvee: RUT A/D -1450 Vol +1.7:1
(12:21 PM) tomthetrader: some data
(12:21 PM) tomthetrader: 8-1 /
(12:22 PM) ajayvee: All U.S. A/D -3312 Vol -2.3:1
(12:22 PM) tomthetrader: CSCO just took off a bit
(12:22 PM) ajayvee: y
(12:22 PM) bitterwind4: g
redliontrader: thank you aj
(12:24 PM) tomthetrader: MZZ
(12:24 PM) tomthetrader: or MDY puts
(12:25 PM) tomthetrader: 128K sh
(12:25 PM) tomthetrader: better than SBB
(12:26 PM) tomthetrader: let's take a shot at MZZ for 25% short in traders for protection and possible profit
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(12:26 PM) ajayvee: MDY Oct 120 puts 5.40/5.60
(12:26 PM) tomthetrader: 28.75 MZZ into Traders 25%
(12:27 PM) tomthetrader: 28.77 filled
(12:27 PM) tomthetrader: MDY OCT 120 puts is agreat position stop at 4.70
(12:28 PM) ajayvee: no volume or open interest
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(12:31 PM) tomthetrader: Because everyone so Bullish ?
(12:31 PM) tomthetrader: we best stick with MZZ ?
(12:31 PM) tomthetrader: 28.77 filled 25% traders
(12:34 PM) tomthetrader: SMN we will add to Main 10% at 13.18 filled
(12:35 PM) tomthetrader: 12.97 SMN stop MZZ 28.49
(12:37 PM) tomthetrader: BREAK even stops on both new positions MZZ and SM<N stop at break even
(12:39 PM) bitterwind4: GLW 10 day low off 5%
(12:41 PM) tomthetrader: SMN and MZZ a BUY HERE
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(1:07 PM) tomthetrader: we will sell and take a profit in MZZ at 28.87
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(1:14 PM) tomthetrader: we will short YHOO via the options market 25% in Tradrs
(1:14 PM) tomthetrader: 1000 sh 14.62 short YHOO
(1:15 PM) tomthetrader: Options in traders 15.00 OCT puts 50 contracts
(1:15 PM) tomthetrader: pleas elet me know your fills
(1:15 PM) dhmohan1963: can u please give symbol pls
(1:16 PM) ajayvee: YHQVC
(1:16 PM) tomthetrader: 15.00 YHQJC.X 0.65
(1:17 PM) ajayvee: calls?
(1:17 PM) tomthetrader: VC
(1:17 PM) tomthetrader: PUTS
(1:18 PM) tomthetrader: 15.00 YHQVC.X 0.96
(1:19 PM) ajayvee: YHQVC 1.00/1.01
(1:22 PM) tomthetrader: we will also short another stock 800 shares of MAR here at 24.00 stop 23.59
(1:22 PM) tomthetrader: 24.59 stop
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redliontrader: 1:30 pm NHS NYSE: 54 d1:-11% D5:-32%
redliontrader: 10dayh-l: -395
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(1:33 PM) ajayvee: Naz A/D -1428 Vol -1.7:1
(1:33 PM) ajayvee: NYSE A/D -1800 Vol -7:1
(1:33 PM) ajayvee: RUT A/D -1437 Vol +1.5:1
(1:34 PM) ajayvee: All U.S. A/D -3365 Vol -2.4:1
(1:35 PM) tomthetrader: glw
(1:35 PM) tomthetrader: gs
(1:35 PM) tomthetrader: csco
redliontrader: Buy Program
(1:36 PM) tomthetrader: 1015 SPX cash
(1:36 PM) tomthetrader: is crucial
(1:36 PM) tomthetrader: we are betting it cannot hold
(1:37 PM) tomthetrader: PORTFOLIO CLEANER WE SOLD OUR MZZ earlier
(1:38 PM) tomthetrader: tomthetrader: we will sell and take a profit in MZZ at 28.87
redliontrader: do you want MAR in traders or main?
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(1:50 PM) tomthetrader: Main
(1:50 PM) tomthetrader: Please
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(1:50 PM) tomthetrader: we will add to it
(1:50 PM) tomthetrader: in 500 share intervals
(1:50 PM) Fulkdaddy: down or up close today Tom?
(1:50 PM) tomthetrader: Down
(1:51 PM) Fulkdaddy: thanks
(1:51 PM) tomthetrader: YW
(1:51 PM) tomthetrader: we are short MAR and YHOO today along with SMN 2x short materials
redliontrader: YHOO short stop?
(1:51 PM) Fulkdaddy: thanks
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(1:52 PM) tomthetrader: stop YHOO 15.00
redliontrader: 2pm NYSE NHS: 54 D1:-13%, d5:-37%
redliontrader: 10dayh-l:-399
(1:59 PM) tomthetrader: tomthetrader: Options in traders 15.00 OCT puts 50 contracts
(2:00 PM) tomthetrader: PORTFOLIO CLEANER 50 contracts not 15
(2:06 PM) tomthetrader: MAR stops Break Even Now
(2:07 PM) tomthetrader: stop YHOO puts at .85 and yhoo now at 14.65
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redliontrader: jnj nice pick
(2:20 PM) tomthetrader: Hope JNJ GILD and QCOM roar back in the next rally ?
(2:20 PM) tomthetrader: we may add to all 3
(2:21 PM) tomthetrader: right now we may have to buy some futures long ES at 1015 area
(2:21 PM) tomthetrader: anyone need to hedge and go long into the DEC contracts ?
redliontrader: high tick of the day
redliontrader: sorry 2nd highest tick of the day
redliontrader: ESZ09
(2:24 PM) tomthetrader: any bid ask open interest red ?
redliontrader: b 1012(144) a 1012.75(229)
redliontrader: looks decent enough
redliontrader: 1012 spx?
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(2:25 PM) tomthetrader: let's put 5 contracts of DEC in ES is at a discount
(2:26 PM) tomthetrader: lets fill at 1012.50 here ?
(2:26 PM) berniectx: couple questions for novice...thought you have mentioned in the past that you were thinking down in Sept/Oct period reason for a long position in Dec ES?
redliontrader: asking 1012 so you should fill
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(2:28 PM) berniectx: OK thanks
(2:29 PM) tomthetrader: 5 ES long in traders DEC
redliontrader: traders?
(2:29 PM) tomthetrader: 1012 is a fair fill
redliontrader: ez fill 43 cont there
(2:29 PM) tomthetrader: yes
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(2:30 PM) berniectx: for whatever its worth the Bradley indicator is showing a turn in middle September has been somewhat accurate
redliontrader: qcom coming back
(2:30 PM) tomthetrader: Thank you
(2:30 PM) tomthetrader: Bradley is reliable
(2:30 PM) tomthetrader: and so is Bernie
(2:31 PM) berniectx: I am novice but am learning slowly
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(2:34 PM) dhmohan1963: tom was 1016 a big support and as it is broken so chances of going down is more
(2:35 PM) tomthetrader: we all are learning whether 80 or 18 ...even though some think they know it all none do !
(2:35 PM) tomthetrader: 1016 has held and is rallying
(2:36 PM) ajayvee: Naz A/D -1390 Vol -1.6:1
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redliontrader: y
(2:36 PM) ajayvee: NYSE A/D -1642 Vol -5.5:1
(2:36 PM) ajayvee: RUT A/D -1377 Vol +1.5:1
(2:37 PM) ajayvee: All U.S. A/D -3111 Vol -2.2:1
(2:38 PM) tomthetrader: DH : you are correct : Bearish if market breaks 1015 bullish if it holds
(2:40 PM) tomthetrader: we will add 800 sh of MAR short here at 23.91
(2:40 PM) dhmohan1963: i am still holding SMN. ans TZA as i cant move in and out as u move it is extreemly hard for me to do it as i can not listen to you all the time so enering and exiting two times a day is impossible for me
(2:41 PM) tomthetrader: OK you best take some 50% off DH
(2:41 PM) tomthetrader: sell and take profits if you have some
(2:41 PM) dhmohan1963: and also some oct puts as you had suggested earlier and i have not sold them as you think sept pull down so it will be ok
(2:42 PM) dhmohan1963: i have 10 puts each
(2:42 PM) dhmohan1963: of russel, qqq and spy
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(2:45 PM) tomthetrader: the execution of those puts is up to your risk tolerance ...if you can get $400 profit or 2 at $200 you need to take the money and reenter
(2:46 PM) tomthetrader: the good thing about Trading vs.nvesting
(2:46 PM) tomthetrader: you can reenter at a low cost and lock in profits
(2:46 PM) tomthetrader: so please always ..esp in a topping market ..take off any short gains and use them to get long
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(2:54 PM) tomthetrader: stopped out of YHOO short at break even 14.65
redliontrader: can not keep this market down for too long..
(2:56 PM) tomthetrader: Nope 100% total respect
(2:56 PM) tomthetrader: if you don't respect this thing by now you are Broke ?
redliontrader: hang on just.. hung my machine
redliontrader: MAR stopped at 24.00
(3:00 PM) tomthetrader: OK and YHOO too?
redliontrader: YHOO stopped at 14.65
(3:00 PM) tomthetrader: OK so we just have YHOO puts
redliontrader: smn
redliontrader: I had a stop on SMN at b/e so they are stopped too
redliontrader: 10dayh-l: -403
redliontrader: t
redliontrader: y
redliontrader: 3pm NYSE NHS: 57 D1: -17% D5: -40
redliontrader: qcom just dowve
(3:06 PM) tomthetrader: EDZ TZA MAR YHOO SDS TWM
(3:07 PM) dhmohan1963: tom i bought some SVA small bird flu stock whch got aproval in china is up big time how should i manage that should i buy more on dips and add to position i added 2000 yesterday when it pulled back a bit i think it may have some upside as 35 mill shares are traded usual vol is 500k
redliontrader: get out!
(3:08 PM) dhmohan1963: no love
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(3:08 PM) dhmohan1963: ok
(3:09 PM) tomthetrader: Good Advice red ..very technical !
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(3:10 PM) tomthetrader: SIM ? near a buy ?
redliontrader: SVA up 34% since y'day
(3:12 PM) tomthetrader: oh my ....sell
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redliontrader: unless you think there is more news to come..
(3:14 PM) dhmohan1963: it got vaccine aproved for immunization againt h1n1 flu
(3:15 PM) dhmohan1963: so biggest news is out today
(3:15 PM) dhmohan1963: but can lead to higher price as a lot of other people will notice this
(3:16 PM) tomthetrader: 43.94 50% sds TRADERS
(3:17 PM) tomthetrader: again we will hedge our hedge with SDS 50% in traders stop SDS 43.25
redliontrader: D check out SVA on a weekly chart.. it seems to behave like this every 2 years
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(3:24 PM) tomthetrader: 9414.98 gUESSTIMATE ON CLOSE TO SET UP A BUY FOR tURNAROUND TUESDAY ?
(3:24 PM) tomthetrader: Dowclose /
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(3:31 PM) tomthetrader: 30 min PORTFOLIO CLEANER ...everything OK ?
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(3:35 PM) tomthetrader: we will move our Long futures up to the main fund for tomorrow
redliontrader: 3:30pm NHS NYSE: 59 D1:-18% D5-40%
redliontrader: the day never really weakened from the open
(3:38 PM) tomthetrader: much like alot of the last month ?
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redliontrader: 10dayh-l: -412
redliontrader: will the bears run for cover?
(3:46 PM) tomthetrader: Great Day and thank you to those whom have "REUPPED " for next year now ...it makes it so much easier and we can pre pay our bills for all the services so THANK YOU !
(3:48 PM) Fulkdaddy: Red has been awesome!
(3:50 PM) ajayvee: All U.S. A/D -2923 Vol -2:1
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(3:53 PM) tomthetrader: Thank you all.....good start to the week
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(3:57 PM) Fulkdaddy: Here comes the PPT!
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(4:05 PM) tomthetrader: daily ....
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(4:19 PM) tomthetrader: Maybe Now is time to finally Buy UNG ?
(4:20 PM) tomthetrader: I am getting a whiff of a BUY signal
(4:20 PM) tomthetrader: I still have crude going to 57.50 from 75.00
(4:20 PM) tomthetrader: but UNG is intriguing right now?
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(4:21 PM) tomthetrader: usually when it becomes a laughing stock it pops
(4:21 PM) tomthetrader: and it is a joke now
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(4:26 PM) dhmohan1963: why is natural gas falling and crude went up why dissociation they work togather and how come hurricane season is not so troubling any more
(4:26 PM) dhmohan1963: to natural gas
(4:27 PM) dhmohan1963: over supply
(4:27 PM) tomthetrader: demand is so low for Nat Gas ?
(4:27 PM) dhmohan1963: why
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(4:28 PM) tomthetrader: trans costs as the pipelines are restrictive to get to all areas
(4:29 PM) tomthetrader: and abundance of easy Crude
(4:29 PM) tomthetrader: stupid ...government should mandate cleaner burning diesel and NG
(4:30 PM) dhmohan1963: some time i dont under stand logic the way pundits explain and i think i am moderatly intelligent as person not as a trader
(4:32 PM) tomthetrader: believe me the best way to invest is not go with conventional wisdom
(4:32 PM) tomthetrader: trade anti - the herd
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(4:37 PM) dhmohan1963: i am trying to learn to go against the thinking
(4:39 PM) dhmohan1963: now problem that i am facing is that market needs to correct logically as it is coming at time where it meets sever resistance as every one is writting or saying so protect i am short on market but long on some pharma and biotech
(4:40 PM) dhmohan1963: os if market does opposite to all herd
(4:40 PM) dhmohan1963: it should go even higer
(4:45 PM) dhmohan1963: well now u are the compass i know
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(4:59 PM) Alert: A LIVE update on the California wildfires NOW on News Talk Online in the Radio/TV Section [Free Video]
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(5:10 PM) tomthetrader: you will be OK
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