(8:26 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(8:26 AM) Alert: Hi , Welcome to TTT
(8:26 AM) *** energy2x has joined the room ***
(8:28 AM) eman11: GM
(8:28 AM) azags: csco has come back to 21.95. I had it yesterday and sold it before earnings
(8:28 AM) eman11: Tom - How's Prisha?
(8:32 AM) *** thomas_Poland has joined the room ***
(8:33 AM) ajayvee: banks going bonkers again!
(8:36 AM) eman11: Weekly jobs number came in okay. The only positive for bears is that the retail sales numbers have been weak.
(8:38 AM) eman11: Banks AAARGH, I bought GS months ago at around 70 sold it at 93 thinking I could buy it back at 70 again. Doh
(8:39 AM) ajayvee: I forget....why did we take all our tax money and print even more and give to the banks/financials?
(8:41 AM) azags: Probably because of the banks yesterday several mutual funds gained, i.e. Fairx, fcvsx, flvcx
(8:41 AM) eman11: So instead of a 50 ft. yacht they could get an 80ft. yacht
redliontrader: gm
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(8:59 AM) thomas_Poland: hmmm
(8:59 AM) thomas_Poland: new highs for the week ?
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(8:59 AM) thomas_Poland: gm everyone
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(9:00 AM) ajayvee: yes tp, you're right again g'mornin
(9:00 AM) thomas_Poland: full moon today
(9:00 AM) thomas_Poland: goldman will make money
(9:00 AM) thomas_Poland: on puts
(9:00 AM) thomas_Poland: and short ES
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(9:06 AM) azags: I will go short today at the close unless the ndx moves up at the close to greater than 1632.5. Then I would stay long.
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(9:06 AM) tomthetrader: Agree Zags
(9:06 AM) tomthetrader: I wonder if the ambush shorts will hit in 1st 15 minutes ?
(9:07 AM) tomthetrader: or let some more piling in take place ?
(9:07 AM) azags: I told Thomas to buy 100 million qld at the close yesterday that I would go long
(9:07 AM) tomthetrader: be best for profits to sop up a 1010 print ?
(9:07 AM) tomthetrader: Thomas is riding the 150% Gain the the zlotski
(9:08 AM) tomthetrader: and the WIG ?
(9:08 AM) tomthetrader: Poland on fire
(9:08 AM) ajayvee: it will burn hot with all that vodka!
(9:09 AM) azags: I agree that the market needs to catch its breath. It would be far healthier
(9:09 AM) tomthetrader: Flaming hookers for Thomas ...too early in the day ?
(9:09 AM) thomas_Poland: hey .. boys
(9:09 AM) thomas_Poland: you wanna fight ?
(9:09 AM) thomas_Poland:
(9:09 AM) tomthetrader: we are setting up for another Fall Crash...and it seems as if everyone knows it but feels stops and limits will help ?
(9:10 AM) tomthetrader: I don't think so !
(9:11 AM) azags: Thomas I voted 22 votes yesterday that there would be a bull high but brilliantly said there would be a little indigestion first. That indigestion took place after hours and now the bull high
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(9:13 AM) azags: The final move of the S&P will probably take it to 1150 to as high as 1215 and then big trouble in the fall
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redliontrader: ES and YM new highs, was that 9330 print real on the YM?
(9:15 AM) Fulkdaddy: Eur/yen just keeps making new highs...this is very bullish
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(9:16 AM) tomthetrader: very good news on my wife as the report showed no eschemia and a full functioning heart no extreme scar tissue
(9:17 AM) Fulkdaddy: great news, Tom!
(9:17 AM) ajayvee: fantastic
(9:17 AM) sttteve: great!!!
(9:17 AM) longerorshorter: wonderful news tom happy to hear that
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(9:17 AM) hibuck2: great Tom good to hear give her are best from all
(9:18 AM) tomthetrader: Thanks ...she is very happy ..now on to making money here
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(9:19 AM) hibuck2: yes r u holding the rest of shorts
(9:19 AM) tomthetrader: Yes it seems like the more GIDDY this market gets the more we will give back in the SEPT/OCT double dip ?
(9:19 AM) tomthetrader: we have 4% stops on so It should show up at the site and RED
(9:20 AM) ajayvee: y
(9:20 AM) hibuck2: y
(9:20 AM) bloomert: y
(9:20 AM) hibuck2: gm
(9:20 AM) Fulkdaddy: y
(9:20 AM) mdcully: y GM
(9:20 AM) mandel_22: g,
(9:20 AM) mandel_22: gm sorry
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(9:21 AM) moneytime: do u trade es
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(9:22 AM) tomthetrader: xal
(9:22 AM) tomthetrader: cal
(9:23 AM) tomthetrader: pal
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(9:23 AM) tomthetrader: tck
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(9:23 AM) tomthetrader: bank
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(9:23 AM) tomthetrader: 300 per cent
(9:23 AM) *** redTest has left the room ***
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(9:24 AM) redTest: paltinik25 was bounced from the room by redTest. If you want to learn more about the rules for this room, read the room rules on the groups page or contact the owner: tomthetrader
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(9:25 AM) mdcully: BAC up pretty good
(9:28 AM) mdcully: AIG 26.80 up 4.78 wow
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(9:32 AM) tomthetrader: Thank you !
(9:33 AM) thomas_Poland: we opened above the broken trendline
(9:33 AM) thomas_Poland: and that can be bullish again
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(9:34 AM) tomthetrader: Can it hold 15 min or AMBUSHED ?
(9:35 AM) tomthetrader: most short ETF's down 1-2%
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(9:36 AM) thomas_Poland: and SOL with 500 ES short .. oh boy
(9:36 AM) thomas_Poland: he had 10 points
(9:36 AM) hibuck2: in QID @ 26.22
(9:37 AM) tomthetrader: smart money / dumb money coin, corporate insiders have moved to their most bearish position of the entire bear market, moving to a buy/sell ratio last seen in early February 2007 (right before we took the big dip to end that month). Their ratio for stocks specific to the S&P 500 is the most extreme since May 2007, and for the Nasdaq 100 the most extreme since November 2006.
(9:38 AM) tomthetrader: There are a relatively large (and increasing) warning signs out there, but so far traders don't seem to care, or at least care enough to give us any more than a -0.5% decline (for the 21st straight day).
(9:39 AM) tomthetrader: These kinds of momentum markets can continue for weeks on end, though they almost always end in a volatile decline that wipes out most or all of the gains in an extremely short period of time
(9:40 AM) azags: That is why you need to hedge your longer term positions
(9:41 AM) hibuck2: $PCRCO .60
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(9:41 AM) tomthetrader: Yes...and hopefully everyone is hedged either by puts ( cheap) or 2-3x etf's cause directional can kill you now
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(9:42 AM) hibuck2: $TRIN .25 $TRIQE 1.24
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(9:43 AM) azags: are you still positive on dug and what about the inverse etf fxp?
(9:43 AM) tomthetrader: yes I like short oil
(9:44 AM) tomthetrader: DUG is good
(9:44 AM) tomthetrader: FXP is good
(9:45 AM) thomas_Poland: no vic rule today
(9:46 AM) Fulkdaddy: SRS is 11.57!!!
(9:46 AM) tomthetrader: EDZ to 0 ?
(9:46 AM) tomthetrader: wait til October 30-40 ?
(9:47 AM) tomthetrader: RUT saying WEAK
(9:47 AM) tomthetrader: WEAK
(9:47 AM) tomthetrader: WEAK
(9:49 AM) hibuck2: QID 26.68
(9:49 AM) hibuck2: $TNX 37.82 3.78
(9:50 AM) tomthetrader: TZA my Fave is in a 6% volatility trap here ...the day traders are going mad !
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(9:53 AM) tomthetrader: No one, and I mean no one -- in the media or outside of it -- writes or says they are wrong in a market view. Indeed, it seems that almost everyone reflects that they bought the bottom (March 2009) and sold the top in 2008. But I will say it -- I have been wrong of late.
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(9:53 AM) tomthetrader: From Dougie
(9:53 AM) hibuck2: I think NQ r at overnight lows ?
(9:56 AM) willwin: i am long srs from 11.50
(9:56 AM) hibuck2: QID @ HOD and last night highs
redliontrader: ES @ 1% PB
redliontrader: yes
redliontrader: i will post at 10
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(9:59 AM) hibuck2: $PCRCO .68
(9:59 AM) hibuck2: $TNX 37.78 3.77
(9:59 AM) hibuck2: $RUT 562.57
(10:00 AM) hibuck2: $SPX 1000.37
(10:00 AM) hibuck2: $TRIN .31 $TRIQE 1.30
(10:00 AM) tomthetrader: TZA up 2.25%
(10:00 AM) tomthetrader: I am really haking this one
(10:00 AM) tomthetrader: hawking ...I do not htink Haking is a word
(10:00 AM) bitterwind4: would be nice to ride TZA for a few days in a pullback....
redliontrader: Today's New High Requirement to keep momentum up is 113, to turn momentum down 103
(10:00 AM) tomthetrader: Scrabble anyone ?
(10:00 AM) hibuck2: NYSE A/D -312
redliontrader: we closed the first 30 minutes at 69
(10:01 AM) tomthetrader: LOD
(10:01 AM) hibuck2: NAZ A/D -756
redliontrader: if you read my piece this morning that would indicate at 140is prediction for the close which is above the 113 so currently very bullish
redliontrader: we are tracking against the 30 minute values from 7/30 since that is bar-5
(10:02 AM) tomthetrader: we will sell 2 NQ contracts at the market here to reduce to 8 units OK
redliontrader: current we are 11 NHs ahead of 7/30
(10:02 AM) tomthetrader: Thank you
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(10:03 AM) tomthetrader: coulde some one post a NQ quote please
redliontrader: 10:00 am NHs 69 +11 (0)
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(10:03 AM) pointfisher: 1602
(10:03 AM) tomthetrader: 1602 sold 2 contracts
(10:03 AM) willwin: 1601.75
(10:04 AM) willwin: 1602
(10:04 AM) tomthetrader: stop at Break even
(10:05 AM) tomthetrader: Sold EDZ at 9.23
(10:05 AM) tomthetrader: Out EDZ
redliontrader: NQ 1600 is the 2% PB level
(10:06 AM) tomthetrader: TWM stop at Break Even
(10:08 AM) tomthetrader: QQQX target 13.50
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(10:12 AM) tomthetrader: sell 2 more NQ at market
(10:13 AM) energy2x: 1601.75
(10:13 AM) eman11: 1601.50
(10:13 AM) tomthetrader: 1601.50
(10:13 AM) tomthetrader: covered 2 contracts
(10:13 AM) bitterwind4: did go in to TZA 1/2 position
(10:13 AM) tomthetrader: good play
(10:14 AM) Fulkdaddy: RUT leading to the downside
(10:14 AM) tomthetrader: EDZ still good play for a big drop ...we will see about reentering
(10:14 AM) tomthetrader: Yes RUT hedges are a must
(10:14 AM) tomthetrader: Iwm puts cheap
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(10:16 AM) tomthetrader: we will sell 2 more contracts of NQ at 10:16am
(10:16 AM) eman11: 1599.75
(10:16 AM) hibuck2: NQ 1599.25
(10:17 AM) tomthetrader: 1599.25 sold 2 more short nq ...covered ...4 left
(10:17 AM) willwin: have 1595-96 target nq on 60min
(10:18 AM) tomthetrader: wish you would have told me that at 9:00am !
(10:18 AM) willwin: hehe
(10:19 AM) tomthetrader: EDZ TZA on any rally attempt
(10:20 AM) bitterwind4: RUT hitting 200ema 15min cht
(10:22 AM) tomthetrader: we will cover the rest of nq here ...out of futures short
(10:22 AM) tomthetrader: sell twm also go to cash
(10:22 AM) bitterwind4: I would like to see a failed ralley attempt with a higher low than just a straight sell off
(10:22 AM) tomthetrader: traders in cash here looking to reenter
(10:23 AM) tomthetrader: agreed bitter ....perfect set up
(10:23 AM) hibuck2: out QID @ 26.84
(10:23 AM) tomthetrader: again traders in cash
(10:23 AM) tomthetrader: nice trading folks
(10:23 AM) bitterwind4: straight down iis BS....want to see a fight the bears win
(10:24 AM) bitterwind4: make it real
(10:24 AM) tomthetrader: public will buy dips now
(10:26 AM) hibuck2: $PCRCO up to .93
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(10:27 AM) tomthetrader: ttt sell signal in place 5-30 days 3-5 per cent down
(10:28 AM) Fulkdaddy: Thomas yesterday said a higher high would be made at the open and then a selloff.
(10:28 AM) Fulkdaddy: Did you play it Thomas? You called it perfect!
(10:30 AM) tomthetrader: tp is probably beating himself up
redliontrader: 10:30 NHs 83 +13 (+2)
(10:30 AM) tomthetrader: calls the market perfect and misses his own calls
redliontrader: i did not expect that.. we are tracking 13 over the target value and we picked up momentum..
(10:31 AM) tomthetrader: how are those banks .....
(10:31 AM) bitterwind4: it has been very hsard to swing EDZ TZA....will we get the chance??
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(10:31 AM) bitterwind4: if so let me know
(10:31 AM) tomthetrader: 9.20 enter
(10:32 AM) tomthetrader: edz
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(10:32 AM) bitterwind4: I would like TZA 15.85 or so
(10:33 AM) eman11: EDZ what %?
(10:33 AM) tomthetrader: 16.00 will be the best you can do /
redliontrader: The russell is a very differnt story.. unless we have an unbeliveable run today it will not close anywhere near its 101 target.. right now it is on track to close at 44 which would make it 4 days in a row of lower new highs
(10:34 AM) tomthetrader: EDZ let's go in here at 10% and build up on rallies 10% EDZ here at 9.20
(10:34 AM) tomthetrader: 10% position with a 4% STOP
(10:36 AM) bitterwind4: 50% Retrace on this RUT pb is about 564... would like to see it
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(10:36 AM) tomthetrader: tza AND edz OUR MAJOR SPECAS INTO FRIDAY
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(10:39 AM) tomthetrader: 9.10 FOR 2ND WAVE OF 10 PER CENT TRADERS SHORT
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(10:40 AM) tomthetrader: AGAIN WE WILL LIMIT IN TO 10% SHORTS USING edz ..NEXT PURCHASE LIMIT 9.10
(10:40 AM) willwin: i assume you mean buy long edz, correct?
(10:41 AM) tomthetrader: qqqx HEAD AND SHOULDERS FORMING ..TARGET 13.50
(10:43 AM) tomthetrader: dug ACTING WELL FOR MY MAN zags
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(10:44 AM) tomthetrader: Zags is lucky in stocks and love..just ask thomas...just teasing !
(10:46 AM) azags: I don't have dug but I did rebuy qld in the selloff at 44.6 and am about to sell qld and run for the hills
redliontrader: here is a tell for you.. we have added only 1 new high thus far during this 30 minute period even though we are rallying from the lows.. we would expect to add 10-15 during this 30 minute section.. 10 minutes to go..
(10:49 AM) hibuck2: $PCRCO 1.03
(10:49 AM) tomthetrader: GREAT RE$D
(10:50 AM) tomthetrader: Very good TELL
(10:50 AM) tomthetrader: 9.10 EDZ please report if fill3d
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(10:51 AM) sttteve: not filled at .10 yet
(10:51 AM) azags: sold 2000 qld at 44.83
(10:51 AM) sttteve: just in first tranch at .19 so far
(10:51 AM) eman11: No fill on EDZ at 9.10 yet
(10:52 AM) tomthetrader: Thank you guys
(10:52 AM) sttteve: yw
(10:52 AM) tomthetrader: Let's cash in on some volatility ...
(10:52 AM) eman11: I think it only got as low as 9.13 on this run
(10:52 AM) tomthetrader: we may even get some puts in IWM the QQQ AUG 40's have been active
(10:54 AM) hibuck2: SCHW 18.24 up .53
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redliontrader: 11:00 AM NHs 87 +2 (-11)
(11:01 AM) longerorshorter: TLT hod TBT lows
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(11:04 AM) hibuck2: they just imposed afine on oil future malipulation 1 million a day how do they inforce that overseas traders
(11:05 AM) ajayvee: are we still waiting for EDZ fills?
(11:06 AM) azags: just sold another 4000 qld at 44.85 bought earlier in the selloff at 44.6
(11:06 AM) eman11: Just got filled EDZ 9.10
redliontrader: good fill eman
(11:07 AM) sttteve: yep
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(11:11 AM) tomthetrader: Good job
(11:11 AM) tomthetrader: now 20% into EDZ as a short position against the world
(11:11 AM) dhmohan1963: you have 2-3 day bearish out look
(11:11 AM) tomthetrader: 5-30 day is our indicator sell signal
(11:12 AM) tomthetrader: we should sell off 3-5% from highs
(11:12 AM) tomthetrader: set today
(11:13 AM) tomthetrader: again added 2400 sh of EDZ at 9.10 stop now 8.49
(11:14 AM) tomthetrader: all of EDZ stop 8.49
(11:14 AM) dhmohan1963: one of my friend was telling me astrologically ther is some set up with satrun which happenned last time resulted in 50 point spy drop i dont know what to think of that
(11:14 AM) azags: it took me up until today to make up for my loss or short position that I initially had when the market lifted off about 7-15-09
(11:14 AM) tomthetrader: You are back Zags...key is to not fold ...comebacks are hard but doable
(11:14 AM) tomthetrader: congrats
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(11:15 AM) tomthetrader: as a trader just a Break even is a back slapper in certain markets where nothing makes sense
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(11:15 AM) azags: Thomas had to loan me the usual 100 million Zloty or about 50 cents
(11:15 AM) tomthetrader: To make a profit is sublime !
(11:15 AM) tomthetrader: OUCH !
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(11:17 AM) tomthetrader: Our next buy if needed 10% at 8.90 EDZ
(11:17 AM) tomthetrader: then we will take off stops
(11:17 AM) tomthetrader: go to 100% short via EDZ and TZA
(11:18 AM) bitterwind4: bought 1/2 position TZA 15.74
(11:19 AM) azags: I got out too early on my qld but I won't fully short until the end of the day if ndx is less than 1632.5
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(11:20 AM) tomthetrader: good discipline....
(11:20 AM) azags: As usual with these volatile moves you can make money long or short as long as your stay is brief
(11:20 AM) tomthetrader: we could get Osama and bolt up 500 points in a heartbeat with all the buy orders under here
(11:21 AM) bitterwind4: RUT did hit 50% retrace on the day
(11:22 AM) tomthetrader: TWITTER DEAD TODAY >>>MAJOR HACK
(11:22 AM) bitterwind4: well that makes me comfortable tom....only 500 points
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(11:23 AM) hibuck2: dead IMO
(11:23 AM) longerorshorter: do u know where hes hiding tom
(11:23 AM) longerorshorter: hibuck sounds right
(11:26 AM) hibuck2: y
redliontrader: y
(11:26 AM) azags: yes
(11:26 AM) sttteve: y
(11:26 AM) bitterwind4: y
redliontrader: 11:30AM NHs 94 +2 (0)
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redliontrader: we are tracking almost in line now with 7/30 but the rally that started on my charts @ 10:30 really hasn't added any upward momentum
(11:32 AM) tomthetrader: stops in BOXED QQQX 13.75 close limit stop Break even
redliontrader: the russell continues to show great weakness.. it has not added a new high since 10:13 this morning. The first time that has happened going back through july 1st.. so very weak
(11:33 AM) tomthetrader: 14.80 -13.75boxed stops on QQQX to lock in profits on the short
(11:33 AM) bitterwind4: EDZ is making higher lows off its recent bottom 15min cht....would like to hold for 1-5 days if mkt willing for a changwe
(11:33 AM) tomthetrader: Good stuff gentlemen
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(11:39 AM) tomthetrader: sold qqqx out 14.40 locked in profits
(11:40 AM) tomthetrader: QQQX sold AT 14.40 to lock in profits
(11:40 AM) tomthetrader: will reenter IF Head and shoulders continues
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(11:42 AM) willwin: i thought you were short qqqx
(11:44 AM) azags: Tom why don't you add on a service from Goldman Sachs so their computers will tell us what is going to happen
(11:44 AM) tomthetrader: we covered 14.40
(11:44 AM) pointfisher: wwe'd have no reason to drink
(11:44 AM) willwin: u had target earlier at 13.50, so was confused
(11:44 AM) willwin: ok
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(11:44 AM) willwin: when u said sold i thought u meant sold a long
(11:45 AM) tomthetrader: - equals short no sign means long
(11:45 AM) tomthetrader: covered
(11:45 AM) tomthetrader: equals sold
(11:45 AM) tomthetrader: I covered
(11:45 AM) willwin: k thk u
(11:45 AM) tomthetrader: meaning the position is closed
(11:46 AM) willwin: covered i get thks
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(11:47 AM) bitterwind4: ETF talk on bloomberg now
(11:50 AM) azags: I have hsni a stock in one of my mutual funds that is up over 20%. I didn't pick the stock just the mutual fund, pogsx
(11:50 AM) bitterwind4: CSCO really pretty flat on the day....did not implode
(11:51 AM) hibuck2: BRCD down in sympathy too
(11:57 AM) hibuck2: do think they told GS what the jobs number is
(11:58 AM) tomthetrader: sell 20% EDZ here at 9.25 to lock in profits
(11:59 AM) tomthetrader: sold EDZ at 9.25
(11:59 AM) tomthetrader: will reenter in Futures over lunch
(11:59 AM) hibuck2: gj tom
(11:59 AM) tomthetrader: Thank you
redliontrader: 12:00 pm NHs 99 +0 (-2)
(12:01 PM) tomthetrader: we will look at the less volatile TWM here to add 25% at a limit to be disclosed soon
(12:01 PM) tomthetrader: TWM looking to add 25% before 1:56pm
(12:02 PM) tomthetrader: Look at QQQX start to drop into the 14.00 area
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(12:04 PM) bitterwind4: going to hold EDZ with a be stop
(12:04 PM) tomthetrader: 34.00 filled TWM in Traders
(12:04 PM) tomthetrader: Yes the EDZ is the broadest way to hold shorts here
(12:05 PM) tomthetrader: Cross out the TWM trade...noone can get it
redliontrader: nq back at that 1600 2% support area
(12:07 PM) csu30: Tom, why do you like TWM vs TZA? Less volatile?
(12:07 PM) tomthetrader: Psych support will probably be broken today as Naz has topped
(12:07 PM) tomthetrader: Yes
(12:09 PM) csu30: I have a small position in EDZ but from about 0.20 higher
(12:10 PM) willwin: here comes my 1595-96 nq
(12:11 PM) bitterwind4: Tom.. been reading alot on aking of these etfs. when concieved the vix was way up 90 plus. Now with vix 25 level they trade more evenly....may be wrong..fwiw
(12:11 PM) tomthetrader: you buying or shorting 1596?
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(12:11 PM) willwin: actually just using it today for my long srs position
(12:12 PM) tomthetrader: Yes the 2-3X etf's were turbo charged for VIX 76 !
(12:12 PM) willwin: as my guide
(12:12 PM) tomthetrader: now VIX lower but still trade like futures !
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(12:13 PM) bitterwind4: yes ok...
(12:14 PM) willwin: to me if that 1595 area is broken she 's heading down fast
(12:14 PM) bitterwind4: sold TZA .10
(12:18 PM) tomthetrader: we will buy DXD at 10% position at 39.49
(12:18 PM) tomthetrader: limit
(12:19 PM) tomthetrader: if you can't fill ..that is twm and dxd we can't get filled ...more pressure from sellers now
(12:19 PM) tomthetrader: 39.48 OK
(12:19 PM) tomthetrader: 46.-48 now DXD OK ?
(12:20 PM) tomthetrader: 44.=45 ?
(12:20 PM) tomthetrader: tAKE 39.45 ANYONE ..GOING ?
(12:20 PM) tomthetrader: 43 GOING ?
(12:20 PM) tomthetrader: gONE AT 39.44
(12:20 PM) bitterwind4: .44
redliontrader: .44
(12:20 PM) tomthetrader: WE WILL FILL AT 39.44
(12:21 PM) eman11: filled at 39.44
(12:21 PM) tomthetrader: 38.75 STOPS
(12:21 PM) thomas_Poland: 994 Es is real b...
(12:22 PM) thomas_Poland: this is support and we cannot break it .. I am watching 45 min chart
(12:22 PM) thomas_Poland: if we break it next stop 980
(12:23 PM) tomthetrader: MAY TAKE TIL TOMORROW /
(12:23 PM) tomthetrader: 1 MORE RALLY TO LOAD UP ON SHORTS
(12:23 PM) tomthetrader: right now just trying to stay in the game with small positions
(12:23 PM) thomas_Poland: hope so .. we tested it zillion times last few days
(12:23 PM) bitterwind4: did sell edx .34
(12:23 PM) bitterwind4: edz
(12:24 PM) tomthetrader: EDZ is going to double ...I know it will by October
(12:24 PM) tomthetrader: Just trying to decide if it is fitting for IRA !
(12:25 PM) tomthetrader: Main Fund maybe
(12:25 PM) bitterwind4: then I will be in it for sure and will hold
(12:26 PM) tomthetrader: we will add another 10% limit DXD at 39.25 if hits
redliontrader: I need to run some errands.. I will be back in 1 hour..
redliontrader: 12.29pm NHs 103 -1 (-1)
(12:30 PM) tomthetrader: Thanks RED I will give you all the details when you return
(12:30 PM) willwin: so tom i should be moving my pension money out of equities then?
(12:31 PM) willwin: into short term bonds?
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(12:32 PM) tomthetrader: 3-5 years under 40 years old 70% LONG THE eQUITY MARKETS
(12:33 PM) tomthetrader: 30% cash
(12:33 PM) tomthetrader: next 60 days maybe all cash and trading to get long ..like we are
(12:33 PM) willwin: i just retired last year
(12:33 PM) willwin: am 56
(12:34 PM) willwin: have half in equities and half in short term bonds at the momenyt
(12:34 PM) willwin: was going to move another 1/4 to short term bonds maybe
(12:35 PM) willwin: but this mkt just keeps moving up
(12:35 PM) willwin: until today
(12:36 PM) tomthetrader: 39.60 sell on break up or we will buy more on a break down 39.25-26
(12:37 PM) tomthetrader: 39.39 should not be violated in the day trade pattern
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(12:43 PM) eman11: Is TWM order to buy 25% at 34 still open?
(12:44 PM) hibuck2: DXD @ 39.32
(12:44 PM) bitterwind4: RUT broke up thru dtline 3 min on the day..may grind up
(12:46 PM) azags: As I said all day today I trade long until the close. I again bought 2000 qld at 44.48 and sold at 44.66. I also bought 5000 qld at 44.45 and sold at 44.68
(12:47 PM) hibuck2: zags congrats
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(12:47 PM) eman11: Nice Trading Zags
(12:48 PM) azags: I could have done the same with inverse etfs but I thought this would be an up day hence my using qld
(12:51 PM) azags: each time I have been buying qld at a lower price starting AH yesterday at 44.64 and unloaded my first batch in the premarket at 45.37 and 45.5
(12:52 PM) willwin: nice az
(12:52 PM) willwin: am long srs since open from 11.50
(12:52 PM) willwin: stop at b/e
(12:54 PM) willwin: looking for that nq to break down from 1595 area
(12:54 PM) willwin: then daily nq next support is at 1551 or so
(12:55 PM) willwin: imho
(12:56 PM) willwin: could just as easily turn up hard too as everyone here knows
(12:57 PM) willwin: got to run cya all
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(12:58 PM) willwin: and thks
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(12:58 PM) hibuck2: cu will
(12:58 PM) azags: now qld is dropping again. I will have to watch it with rsi and stochastics and Thomas' watch to see if I go long again. I have had three good round turn trades so I may call it a day
(12:59 PM) ajayvee: uh oh, Dr. J a buyer at the close
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(12:59 PM) hibuck2: Zags what period do u use on RSI ?
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(1:02 PM) azags: I am always watching short term charts namely 1,3,5 minutes and rsi was down to 15-20
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(1:03 PM) hibuck2: i hv 14 period ?
(1:03 PM) tomthetrader: Great ...data guys
(1:03 PM) tomthetrader: stops at Break even OK
(1:04 PM) azags: yes 14
(1:04 PM) hibuck2: thxs Zags
(1:04 PM) tomthetrader: 39.44 stop DXD
(1:04 PM) tomthetrader: stopped and will reenter
(1:05 PM) tomthetrader: failed chart Traders 100% cash
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(1:10 PM) bitterwind4: BGZ did make a new low this morning
(1:11 PM) bitterwind4: others did 2-3 days ago
(1:12 PM) hibuck2: just so we make money !!
(1:12 PM) tomthetrader: any preference on short positions ?
(1:12 PM) ajayvee: 3xetf
(1:12 PM) tomthetrader: OK
(1:12 PM) bitterwind4: etfs and options
(1:12 PM) tomthetrader: I am liking twm AS A BASIC VANILLA SHORT ..NOT TOO MUCH
(1:12 PM) hibuck2: thar edz looks good if it pulls back
(1:13 PM) tomthetrader: Yes
(1:13 PM) eman11: futures, options, and etf, and stocks - the whole thing.
(1:13 PM) tomthetrader: EDZ is about the best chart in my opinion ...whereas TWM has the best swing trade possibilities
(1:14 PM) thomas_Poland: IMO we make some kind of broadening top formation
(1:14 PM) eman11: Now that twitter will be for members only. Could you send out a tweet if you make AH or overnight futures trades, I think the members would greatly appreciate it.
(1:14 PM) thomas_Poland: and according to classical TA it is formation where public plays major role
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(1:16 PM) tomthetrader: Yes after Friday we will have 24/7 Tweets for futures traders and pre market post market
(1:16 PM) tomthetrader: as long as someone can confirm a trade we will trade it
(1:16 PM) bitterwind4: looks like RUT getting ready to pop
(1:16 PM) bitterwind4: will see
(1:16 PM) tomthetrader: I have been hamstrung by our hours of trade
(1:17 PM) bitterwind4: will reload tza .75 and edz .10 if they hit
(1:17 PM) tomthetrader: as the futures markets have been great at night and horrible during the day ...oppo sincethe bear
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(1:20 PM) ajayvee: no BGZ today?
(1:20 PM) eman11: Great. Looking forward to it.
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(1:23 PM) hibuck2: stop out DXD
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(1:25 PM) tomthetrader: Did anyone get stopped out of CSCO ?
(1:25 PM) tomthetrader: was it taken off due tostops ?
(1:25 PM) tomthetrader: CSCO ???
(1:26 PM) tomthetrader: anyone ?
(1:26 PM) tomthetrader: Buy it ..sell it ....stop it ?
(1:26 PM) ajayvee: did not
(1:26 PM) bitterwind4: I held it
(1:26 PM) tomthetrader: wonder why it is gone ?
(1:26 PM) bitterwind4: small tho
(1:26 PM) sttteve: stopped at 4 %
(1:26 PM) tomthetrader: ask Red on return
(1:26 PM) tomthetrader: Hit 4% ?
(1:27 PM) tomthetrader: was that the 21.36 AH
(1:27 PM) tomthetrader: Lows
(1:27 PM) sttteve: see Reds closed trades. stopped after hours
(1:27 PM) ajayvee: I show CSCO still open, but not in the charts
(1:28 PM) tomthetrader: I don't think that the is the case
(1:28 PM) sttteve: dont know what low was yesterdays AH but it drop fast at one time
(1:28 PM) tomthetrader: we will get it fixed
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(1:30 PM) tomthetrader: I saw it hit 21.36 AH which I think he had as the stop at 8% ?
(1:31 PM) tomthetrader: I think all stocks are 8% stops and all etf's 4% stops ?
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(1:31 PM) tomthetrader: Unless I said there was a exception ..I know I said 6% volatility was expected and we got 4.55
(1:32 PM) hibuck2: NYSE A/D -435
(1:32 PM) hibuck2: NAZ A/D -1345
(1:32 PM) tomthetrader: 26.24 BGZ is the reenter area AJ
(1:32 PM) hibuck2: $PCRCO .91
(1:33 PM) ajayvee: thanks tom
(1:35 PM) tomthetrader: Hope we can get in
(1:35 PM) tomthetrader: YW
(1:36 PM) ajayvee: did any one see that - "give me a job or I'll sue!"
(1:36 PM) tomthetrader: Yes
(1:36 PM) tomthetrader: Overboard ?
(1:37 PM) ajayvee: a woman with a 2.7 gpa could not find a job so she is sueing the school!
(1:37 PM) tomthetrader: CSCO 10% IRA @ 22.25 Stp: 21.36 Open
.
CSCO 10% Main @ 22.25 Stp: 21.36 Open
(1:37 PM) hibuck2: yep how would u like to be married to her
(1:37 PM) ajayvee: I can't believe some lawyer would take that!
(1:38 PM) tomthetrader: That is what RED has ...my stops at 20.29
(1:39 PM) ajayvee: be interesting to see if we get an entry into EDZ TZA BGZ
(1:39 PM) tomthetrader: EDZ I just had the trigger on and missed
(1:39 PM) tomthetrader: 9.24
(1:40 PM) tomthetrader: may still get EDZhere
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(1:40 PM) ajayvee: I thought EDZ was 9.10
(1:40 PM) tomthetrader: 28.29 looking to fill 10% at .24 ...9.24
(1:40 PM) tomthetrader: 2 down days in a row
(1:41 PM) tomthetrader: China
redliontrader: 1:30 NHS 111 -3 (-2)
(1:43 PM) hibuck2: big big blocks going through on XLF
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(1:43 PM) tomthetrader: 1:56pm hedgies back early
redliontrader: I had a 21.26 stop..
(1:44 PM) Three_Taverns: hello, tom. sounds like you are hard at work.
(1:44 PM) azags: y
(1:44 PM) ajayvee: y
(1:44 PM) pointfisher: y
redliontrader: 21.36 i mean
redliontrader: My fault.. you had 8% stops
redliontrader: I put 4% in
redliontrader: formula problem on my spreadsheet sorry.
redliontrader: 20.47 should be the stop
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redliontrader: I am going to reset the accounts tonight for the new quarter.. FYI
(1:51 PM) tomthetrader: Thanks Red
redliontrader: if we don't accelerate to the upside we should close R2K NewHighs to 40 or lower. That would be bearish for the next few days
(1:52 PM) Three_Taverns: thanks, redlion
(1:52 PM) Three_Taverns: tom - do you think we have put in a short term top around 1005 on the ES?
(1:53 PM) tomthetrader: Yes
(1:53 PM) tomthetrader: we had a sell signal yesterday at 3:30pm which should get us 3-5% down #
(1:53 PM) Three_Taverns: thank you, sir.
(1:53 PM) tomthetrader: But fighting this market is like fighting a marlon with a Zebco 202
(1:54 PM) tomthetrader: Marlin
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(1:54 PM) Three_Taverns: lol.
(1:54 PM) ajayvee:
redliontrader:
(1:54 PM) tomthetrader:
(1:54 PM) Fulkdaddy: Why is crude ralling so hard here?
(1:55 PM) tomthetrader: Because I told everyone to BUY DUG
(1:55 PM) tomthetrader: and the DOLLAR
(1:55 PM) tomthetrader: as we will have a FED ready to WHIP INFLATION NOW
(1:55 PM) Fulkdaddy: dollar rallying..and market selling I would think crude would sell off???
(1:56 PM) tomthetrader: it will sell off
(1:56 PM) tomthetrader: it is the internals of the market ....
(1:56 PM) tomthetrader: best read is DUG DTO
(1:57 PM) tomthetrader: DTO is a BUY 71.75
(1:59 PM) ajayvee: Naz A/D -873 Vol -2.3:1
(1:59 PM) ajayvee: NYSE A/D -622 Vol 1:1
(1:59 PM) ajayvee: RUT A/D -794 Vol -2.6:1
(1:59 PM) tomthetrader: OXY is our only BUY in all of oil
redliontrader: 2:00 PM NHs 113 -4 (-1)
(2:00 PM) hibuck2: EDZ HOD 9.40
(2:00 PM) tomthetrader: QCOM HPQ CSCO CELG CAL PMI NKE GS FCX
(2:00 PM) tomthetrader: Master screened buys
(2:01 PM) ajayvee: BGZ breakout
(2:02 PM) eman11: ES LOD
(2:03 PM) bitterwind4: and edz thru yest hod
redliontrader: we need to be 124 or lower on NYSE close to move the 5day down a whole point.. that means -5 on the tracker (right now we are -4) but loosing 1 every half hour.. so 2:30 we should be -5
(2:04 PM) tomthetrader: perfect...plenty of time for the market to act naturally here and give us a direction/correction
(2:04 PM) bitterwind4: RUT still not lod but may be soon
(2:04 PM) tomthetrader: QQQX got to 14.14 ..still think 13.75 sooner than later
(2:05 PM) bitterwind4: es spx testing lod
(2:05 PM) tomthetrader: TWM still the best VALUE short
(2:06 PM) ajayvee: ok let us know
(2:06 PM) tomthetrader: LOD
(2:06 PM) tomthetrader: breaking down
(2:08 PM) tomthetrader: we may buy NQ long if the pressure continues to 1950 comp
redliontrader: i have es 2% PB @ 987.60
(2:09 PM) thomas_Poland: another important lines here
(2:09 PM) thomas_Poland: if we bounce we bounce now
(2:10 PM) thomas_Poland: NQ will go to 1572
(2:10 PM) tomthetrader: 1410 in OCT ?
(2:11 PM) tomthetrader: Buy Buy Buy ?
(2:11 PM) Three_Taverns: lol
(2:11 PM) thomas_Poland: I mean next target .. short term
(2:13 PM) Fulkdaddy: unreal
(2:13 PM) tomthetrader: amazing Dave ?
redliontrader: trin still very low
(2:13 PM) thomas_Poland: ok this line is keeping this market
(2:13 PM) tomthetrader: I just drop my jaw at some of the figures
(2:13 PM) thomas_Poland: Tom can you see your dull now?
(2:13 PM) thomas_Poland: I want long for day trade
(2:13 PM) tomthetrader: LULL
(2:14 PM) tomthetrader: LULL
(2:14 PM) tomthetrader: LULL
(2:14 PM) tomthetrader: Not yet
(2:14 PM) tomthetrader: I say Lull around 2:40pm and Rally then a bizarre selloff
(2:14 PM) eman11: After CSCO reports the market usually goes down.
redliontrader: C selling off now.. opened at the HOD
(2:16 PM) ajayvee: XLF new lows
(2:19 PM) Three_Taverns: excellent work, tom. hope to be joining you all real soon. thanks again and good trades to everyone here.
(2:19 PM) tomthetrader: Thank Gosh...banks off the sugar /
(2:19 PM) tomthetrader: Anytime 3 just call me
(2:19 PM) tomthetrader: would love to have you as a member
(2:20 PM) Three_Taverns: lol. i just said what you told me to, so i would get the quarter you promised.
(2:20 PM) bitterwind4: Naz to stop taking Flash orders??
(2:20 PM) thomas_Poland: trendline is holding !
(2:20 PM) Three_Taverns: cya
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(2:21 PM) Fulkdaddy: cya three
(2:22 PM) bitterwind4: you looking to enter TWM
(2:24 PM) tomthetrader: Yes after this next rally
(2:24 PM) tomthetrader: 25 % ...if it happens near perfect ...
(2:25 PM) tomthetrader: TWM I want to fill at 33.75 ish...could ha[ppen by 3;30pm
(2:25 PM) tomthetrader: here they come
(2:25 PM) tomthetrader: the rally will be too soon ...I think we amaze them and close LOD
(2:26 PM) tomthetrader: best wait and buy down than upside ...in my book
(2:26 PM) tomthetrader: TWM will get filled here later 25% 33.75
(2:26 PM) hibuck2: amazing all the block trades on XLF
(2:27 PM) tomthetrader: caught in that amazing run up
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redliontrader: 2:30pm NHs 117 -2 (+2) - wrong way!
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redliontrader: amazing that a dow -56 seems like down -300?
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(2:45 PM) eman11: LOL Red. I was just thinking the same thing
(2:45 PM) dhmohan1963: is it showinfg strength or just ready to crack
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(2:50 PM) eminijunkie67: guys I see that thom the trader losing your money
(2:50 PM) eminijunkie67: if you need help with eminis market
(2:50 PM) eminijunkie67: pm me
(2:50 PM) Pete45: GA
(2:50 PM) eminijunkie67: we will make money back to you
(2:50 PM) eminijunkie67: wiah you est
(2:51 PM) eminijunkie67: wish you he best
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(2:51 PM) Pete45: get lost eminijunkie
(2:52 PM) Fulkdaddy: get a life eminijunkie and stop bothering us while we make money
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(2:58 PM) hibuck2: $PCRCO .94
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(2:58 PM) hibuck2: $TRIN .58 $TRIQE 1.09
(2:58 PM) hibuck2: $TNX 37.42 3.74
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(2:58 PM) hibuck2: $RUT 558.10
(2:59 PM) hibuck2: $SPX 995.53
(2:59 PM) hibuck2: NYSE A/D -926
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(2:59 PM) hibuck2: NAZ A/D -2177
(3:03 PM) hibuck2: EDZ @ 9.39
(3:03 PM) thomas_Poland: where is eminijunkie?
(3:03 PM) thomas_Poland: where where?
(3:03 PM) thomas_Poland: did i miss this idiot?
(3:04 PM) hibuck2: he had balls to come into Toms house and try to steal his friends
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(3:04 PM) azags: Thomas we needed you desparately for your timing and for your verbal threats
(3:05 PM) thomas_Poland: I use only hammmer threats
redliontrader: nhs 119 -3 (-1)
redliontrader: i missed him.. i was looking at paltalk alternatives...
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(3:07 PM) azags: I order a jump in equities so I can go short at the close
(3:08 PM) thomas_Poland: 994 was support a long time
(3:08 PM) thomas_Poland: for few days
(3:08 PM) thomas_Poland: we broke it and now it has to prove it is resistance
(3:09 PM) hibuck2: looking at EDZ @ 9.31 any thoughts tom
redliontrader: tp es or spx your 994 number
redliontrader: If anyone has a paltalk alternative for me to look at please send it along
(3:09 PM) thomas_Poland: Es
(3:10 PM) thomas_Poland: but I covered long so it will move up
(3:10 PM) thomas_Poland:
(3:10 PM) thomas_Poland: this is a rule for this room .. actually I should take money to tell you when I cover
(3:10 PM) ajayvee: Red, have you looked at Omnovia?
(3:10 PM) thomas_Poland: but trendline I said at 2:00 holds perfectly
(3:10 PM) mdcully: i keep getting locked up sometimes in here anyone else have same problem?
(3:10 PM) thomas_Poland: for today
redliontrader: aj.. that was one I was going to look back at.. that is the one that uncle wally or whatever his name uses right?
(3:11 PM) Pete45: I missed EDZ at 8.50 -do u think it has more to go?
(3:11 PM) azags: Tom liked or hoped for twm at 33.75 but it still has a long way to go
(3:12 PM) ajayvee: I've been to a lot of trading rooms and presentation for traders using omnovia. talk chat and CHARTS!!!!
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(3:13 PM) sttteve: omnovis the best but probably the most expensive. it never seems to go down and like you said charts and chat can be done same time
(3:13 PM) hibuck2: red i was useing" CHATZILLA" before i found this room it was ok but a pain to set only works withfirefox
(3:14 PM) Pete45: I think Paltalk has presentation capabilities
redliontrader: thanks hibuck.. that is one I don't have on my list
(3:15 PM) hibuck2: trader from california set it up with me
(3:16 PM) hibuck2: and its free Chatzilla
(3:17 PM) hibuck2: EDZ 9.31
(3:18 PM) ajayvee: any plays into or at the close?
(3:18 PM) hibuck2: they might get this market positive
(3:20 PM) Pete45: just thinking here...Dose anyone know which technical indicators are affected by high frequency trading?
(3:20 PM) ajayvee: volume?
(3:20 PM) hibuck2: EDZ in @ 9.29
(3:22 PM) Pete45: definitely volume
(3:24 PM) Fulkdaddy: I just sent Tom an article on how the Fed is buying stocks to prop up the market and get consumer confidence up.
(3:24 PM) Fulkdaddy: If this is true, we need to ride the wave as pullbacks will most likely be small
(3:25 PM) hibuck2: i knew it Faulk whats the link
(3:25 PM) azags: yes they will be small until the fall. McHugh also says this
(3:25 PM) Fulkdaddy: http://www.counterpunch.org/whitney08042009.html
(3:25 PM) Pete45: I think scalper will be more affected by HFT
(3:25 PM) hibuck2: thxs
(3:26 PM) mdcully: tna nice bounce off of 36 area from before
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redliontrader: NHs 119 -5 (-2) (no new highs that 1/2 hour)
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(3:43 PM) Fulkdaddy: The Fed is going to close this positive
(3:43 PM) Fulkdaddy: again
(3:44 PM) bitterwind4: no trades overnight??
(3:45 PM) bitterwind4: well they are closing the RUT near lows so far
(3:45 PM) bitterwind4: sox as weel......two leaders
(3:46 PM) bitterwind4: well
redliontrader: Citi [C] is going to close on the high of the day?
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(4:00 PM) bitterwind4: test
(4:00 PM) sttteve: pass
redliontrader: test
(4:00 PM) bitterwind4: tks steve
(4:00 PM) eman11: Ground Control to Major Tom: Are you there?
(4:00 PM) sttteve: yw
redliontrader: new highs: 124! kinks the 5day negative for the first time in 21 trading days
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redliontrader: the russell 5day lost 16 in a single day
(4:04 PM) bitterwind4: not too bad a close.....just a contrived mkt
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(4:06 PM) arak99: anyone shorting the close here?
(4:06 PM) ajayvee: did tom give up on us
(4:06 PM) bitterwind4: hell I may put all my money in CIT....appears you cannot loose
redliontrader: the dow should being showing twice what it is showing.. than darn bank sector is keeping this market up.. any weakness there and we will start to see more downside.. if the banks don't break.. I am not too encouraged because the russell and the nasdaq are getting too far ahead in this corrective cycle
(4:07 PM) bitterwind4: I bought EDZ and TZA is all
(4:07 PM) arak99: too far ahead on the downside?
(4:08 PM) thomas_Poland: tomorrow I am looking for a gap down below trendline and test of trendline to short
(4:08 PM) bitterwind4: where did the days of going down more than one day or 1/2 a day to correct......go
(4:08 PM) thomas_Poland: today should be high for some time
redliontrader: they will turn early and head back up..
(4:08 PM) bitterwind4: or 20 minutes
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redliontrader: The dow futures have only corrected to about 1.5% eyeballing it, the ES a little more. The NQ's sat on the 2% level all day and went as low as 2.25% ish while the russell futures have traveled a full 3% already.
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