(7:51 AM) Alert: This is a G rated room intended for a General Audience including minors. Offensive language is not permitted.
(7:51 AM) Alert: Hi , Welcome to TTT
redliontrader: gm
(8:02 AM) desertone: Good Morning Time for coffee
redliontrader: adp not good?
(8:18 AM) tomthetrader: bad
(8:18 AM) tomthetrader: 992 ES low print overnight
(8:18 AM) tomthetrader: will probably retest
(8:18 AM) tomthetrader: looking to enter long 989
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redliontrader: "jobless recovery" how original
(8:22 AM) desertone: GM Tom, Red, Do we go into any short positions here e.g DIA or SPY Oct Puts?
(8:23 AM) desertone: I wish I had bought FAZ yest .....
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(8:24 AM) tomthetrader: You can always Buy Oct IWM puts for protection or TWM 10%
(8:25 AM) desertone: Thanks Tom. it makes sense!
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(8:37 AM) tomthetrader: YW when in doubt buy IWM puts in the fall !
(8:39 AM) ajayvee: thanks red for the charts analysis on the site. great job
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(8:53 AM) hibuck2: Red that was a excellent post with charts and comments i see you use stockfinder excellent program i would love to talk later with u about that program if i may after market hours thxs again
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(8:55 AM) desertone: Ditto Red !! Very Impressive TY!! Lots to learn !!
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(9:02 AM) tomthetrader: Yes Yes and Yes ...we are available 24/7
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redliontrader: thank you.. glad your reading it!
(9:06 AM) tomthetrader: Hope we don't flood your inboxes ?
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(9:08 AM) tomthetrader: Red what is the IBM on todays trades a recommendation ?
redliontrader: you know that missing yahoo options yesterday... it is a google spreadsheet bug.. I needed to put in a bogus trade to flush it out to display .. i'll fix it in a minute
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(9:11 AM) tomthetrader: Funny I was going to short IBM in Traders today !
(9:11 AM) tomthetrader: out of 15K stocks you picked the one I was going to short!
redliontrader: IBM has always been my test symbol.. I don't know why..
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(9:14 AM) tomthetrader: it is the old standbuy
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(9:14 AM) tomthetrader: I think the market symbol more than Dow
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redliontrader: I had a friend that worked in real-time market data software.. they always used berkshire hathaway to make sure field sizes were correct..
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(9:17 AM) ajayvee: y
(9:17 AM) hibuck2: y
(9:17 AM) azags: y
(9:17 AM) desertone: y
(9:17 AM) energy2x: y
(9:17 AM) Pete45: GM
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(9:19 AM) tomthetrader: 989es
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(9:26 AM) tomthetrader: glwac
(9:30 AM) tomthetrader: Thank you !
(9:30 AM) Pete45: DYY 6.50
(9:30 AM) tomthetrader: Let us know what we can do for you 24/7
(9:30 AM) csu30: TBT?
(9:30 AM) Pete45: is it a buy yet
(9:30 AM) Pete45: DYY
(9:31 AM) tomthetrader: TBT is a recommendation
(9:31 AM) tomthetrader: DYY we are long
(9:31 AM) tomthetrader: TBT we can buy
(9:31 AM) tomthetrader: in Traders 25%
(9:31 AM) Pete45: ok TBT
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(9:32 AM) tomthetrader: 46.55 Craig ?
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(9:33 AM) tomthetrader: stop 46.25
redliontrader: oil plunging closing in to 67
(9:36 AM) csu30: I've got an order in not filled yet on TBT
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(9:37 AM) tomthetrader: OK I got filled at .55
redliontrader: filled tbt 46.55
redliontrader: stop 46.25
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(9:39 AM) tomthetrader: Oil was up on inv # last night now awaiting more data...57.50 still my forecast
(9:39 AM) csu30: TBT @ 46.53
(9:39 AM) tomthetrader: I am short Crude futures from 75.21
(9:40 AM) hibuck2: $PCRCO 1.21
(9:41 AM) tomthetrader: good news for a change
(9:41 AM) hibuck2: $TRIN 2.21 $TRIQE 1.68
(9:41 AM) tomthetrader: we need a week of that
(9:41 AM) tomthetrader: making a bottom
(9:41 AM) tomthetrader: will enter a small 2 contract DEC Futures position
(9:42 AM) tomthetrader: Buy 2 long DEC ES futures here in traders at the market 9:41 am
(9:43 AM) tomthetrader: did you get me agood fill RED ?
(9:43 AM) tomthetrader: anyone ?
(9:44 AM) tomthetrader: 989.00
redliontrader: 989
(9:45 AM) tomthetrader: that is what I got
(9:45 AM) tomthetrader: No one else buying it ...we will be OK
(9:45 AM) tomthetrader: as long as the put buyers stay active
(9:46 AM) desertone: Excellent cause!! GL
(9:47 AM) hibuck2: sorry to hear that Tom
(9:48 AM) eman11: Good Luck
redliontrader: twitter us from the links .. let us know how your doing..
(9:49 AM) hibuck2: in QID @ 26.77
(9:49 AM) tomthetrader: Thanks
(9:51 AM) bitterwind4: NVDA strong off 14 level
(9:52 AM) bitterwind4: CSCO in a range 3-4 hours
(9:53 AM) hibuck2: $PCRCO 1.10
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(9:53 AM) bitterwind4: GLW already back to 14.90 pivot
(9:53 AM) hibuck2: $TRIN 1.94 $TRIQE .67
(9:55 AM) ajayvee: AIG really bouncing off lows
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(9:59 AM) Alert: ====SECURITY BULLETIN!=======
Please be wary of third party websites that ask you for your Paltalk password. If you access a website that does not end in 'paltalk.com' (for example, sites named paltalk.ru or paltalk.freenickname.com are not paltalk.com websites), you should never have to enter your Paltalk password. Paltalk cannot be responsible for 3rd party payments and any dispute must be between you and the person who paid for the account.
(10:00 AM) tomthetrader: market still wants to go lower /
(10:00 AM) hibuck2: die bulls die
(10:00 AM) tomthetrader: selling pressure "pent up"
(10:01 AM) hibuck2: stop @ b/e now
(10:01 AM) tomthetrader:
(10:02 AM) hibuck2: they got me
(10:02 AM) tomthetrader: FRE and FNM when will they know they are worthless pieces of paper?
(10:02 AM) desertone: Amen
redliontrader: 10am NYSE NHS: 18 D1:-44% d5:-44%
(10:03 AM) desertone: Along with BF and Dodddd
(10:03 AM) tomthetrader: But I think there are several 100 out there that may fit the bill !
redliontrader: 10dayh-l: -1141
(10:06 AM) tomthetrader: ouch ?
redliontrader: yes..
(10:06 AM) tomthetrader: NAZ on a all out Buy signal
redliontrader: weakness on NHs all around
(10:06 AM) ajayvee: Naz A/D -198 Vol -2:1
(10:07 AM) tomthetrader: 2 NQ Futures adding in DEC NQ here
(10:07 AM) tomthetrader: anyone want to fill DEC NQ 2 contracts
(10:07 AM) ajayvee: NYSE A/D -867 Vol -2.9:1
(10:07 AM) tomthetrader: for the Traders
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(10:07 AM) ajayvee: RUT A/D -181 Vol -1.9:1
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(10:08 AM) ajayvee: All U.S. A/D -777 Vol -1.6:1
(10:09 AM) tomthetrader: 1593.00 NQ 2 DEC longs futures filled
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(10:12 AM) eman11: filled 1593
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(10:18 AM) tomthetrader: CAL we will buy CALAB 20 contracts
(10:19 AM) tomthetrader: In Traders
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(10:20 AM) tomthetrader: 3.80 was my fill
(10:21 AM) hibuck2: $PCRCO .85
(10:21 AM) hibuck2: $TRIN 1.87 $TRIQE .97
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(10:28 AM) tomthetrader: UNP 58.90 10% in Main Fund
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(10:30 AM) tomthetrader: 157.50 gs
(10:31 AM) tomthetrader: 10 per cent
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(10:31 AM) desertone: would you short GS here?
(10:31 AM) ctmhou: Elliott Wave says that we have seen the top for awhile.
(10:32 AM) tomthetrader: Yes Bob P was very convincing in his last missive ...I would not short GS
(10:32 AM) desertone: TY
(10:33 AM) ctmhou: Stronger dollar
(10:33 AM) tomthetrader: stopped out of TBT
(10:34 AM) ctmhou: Crude inventories 372K draw vs. consensus of 900K draw. Gasoline inventories 2.97M draw vs. consensus of 900K draw. Distillates 1.18M build vs. consensus of 675K build.
(10:34 AM) tomthetrader: Thank you Craig !
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(10:38 AM) eman11: filled on CABAL at 3.90
(10:39 AM) bitterwind4: CSCO in a small but tradable range today
(10:41 AM) csu30: Thoughts on VZ, T?
(10:42 AM) tomthetrader: 29.55 vz
(10:42 AM) tomthetrader: 24.66 t
(10:43 AM) csu30: Thanks, they have good looking charts long term
(10:46 AM) tcb66: Gold taking off
(10:46 AM) tomthetrader: stagflation
(10:46 AM) tomthetrader: abx
(10:46 AM) tomthetrader: fcx
(10:47 AM) tomthetrader: hl
(10:47 AM) tomthetrader: hecla
(10:47 AM) ajayvee: Naz A/D -72 Vol -1.1:1
(10:47 AM) ajayvee: NYSE A/D -661 Vol -2.4:1
(10:47 AM) ajayvee: RUT A/D +33 Vol -1.4:1
(10:47 AM) desertone: symbol for hecla?
(10:48 AM) desertone: anyone?
(10:48 AM) ajayvee: All U.S. A/D -643 Vol -1.3:1
redliontrader: 10:30 NYSE NHS: 21 D1:-52% D5:-45%
(10:48 AM) ajayvee: A/Ds well off their lows
redliontrader: 10dayh-l: -1246
(10:48 AM) tomthetrader: I have to sell ZF to make room ..please take profit in ZF at 2.97 if you are following
(10:49 AM) tomthetrader: sold my shares in ZF to make room for new plays
redliontrader: ZF Filled
redliontrader: opps.. partial fill
(10:50 AM) tomthetrader: hard to get them all
(10:51 AM) tomthetrader: I just stick in 2-3K at a time
(10:51 AM) tomthetrader: with limits
(10:52 AM) eman11: CALAB puts are not in Traders portfolio
redliontrader: zf filled
redliontrader: double bottom on ym at 9270?
(10:53 AM) tomthetrader: Calls
redliontrader: ES 992?
(10:53 AM) tomthetrader: yes
(10:53 AM) eman11: sorry i meant calls
(10:54 AM) tomthetrader: seems liike we should be ready to rally
redliontrader: eric.. can you fill in when you see a problem.. good catch
(10:55 AM) bitterwind4: csco hod test
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(10:56 AM) eman11: Sure. I didn't know if I should go in and adjust during a time when you are here.
redliontrader: great thing about google docs is multi-users
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(10:59 AM) bitterwind4: glw 15
(10:59 AM) tomthetrader: GLWAC
(10:59 AM) tomthetrader: GLW was a buy recom this a.m.
(11:00 AM) bitterwind4: I hope I am alive then
(11:00 AM) tomthetrader: 993.00 and 1600 we are taking profits on Traders futures
(11:00 AM) bitterwind4: a long one.....seems fair priced
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redliontrader: Craig can you catch those.. I am rebooting..
(11:01 AM) tomthetrader: sold locked in profits on ES and NQ futures
redliontrader: 1100 NYSE NHS: 21.00 D1:-59% D5:-49%
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(11:04 AM) tomthetrader: DYY we will exit at 6.58 Break even ...no trust in dollar
(11:04 AM) bitterwind4: am out csco and will try reenter 21.10-.15
(11:06 AM) hibuck2: $PCRCO .81
(11:06 AM) hibuck2: $TRIN 1.95 $TRIQE .96
(11:07 AM) hibuck2: NYSE A/D -658
(11:07 AM) hibuck2: NAZ A/D -95
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(11:11 AM) bitterwind4: out too soon CSCo thought it would catch up to dipping indexes
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redliontrader: 10dayh-l: -1037 improving!
(11:16 AM) tomthetrader: PORTFOLIO CLEANER OUT OF FUTURES AND DYY
(11:19 AM) tomthetrader: amazin ...we ahve to keep on it...the selloff hit right at normal mini bull selloffs 4/6%
(11:20 AM) ctmhou: Red is a busy man with the charts. i like it.
(11:20 AM) ctmhou: Where was he two years ago?
redliontrader: that's why I don't have a webcam
redliontrader: November last year
(11:21 AM) ctmhou: I got one on my new laptop.
(11:21 AM) ctmhou: Aug 2007
(11:22 AM) ctmhou: I had your blog bookmarked for 3 years
(11:22 AM) ctmhou: No, didn't belive you.
(11:22 AM) ctmhou: LOL
(11:23 AM) ctmhou: Hulbert? No?
(11:24 AM) ctmhou: One day...........
(11:24 AM) ctmhou: Any pressure?
(11:27 AM) tomthetrader: 1000 re
(11:28 AM) tomthetrader: 21.47 selling CSCO
(11:28 AM) tomthetrader: sold CSCO 21.47
(11:28 AM) hibuck2: looking for QID @ 26.48 -52
(11:29 AM) tomthetrader: PORTFOLIO CLEANER EVERYTHING OK SOLD CSCO 21.47 as we are a bit worried
(11:29 AM) tomthetrader: 1000 res
(11:34 AM) tomthetrader: PORTFOLIO CLEANER SOLD CSCO 21.48
redliontrader: 1130 NYSE NHS: 22.00 D1:-58% D5:-52%
(11:37 AM) tomthetrader: looking to short for a daytrade here
(11:37 AM) tomthetrader: SDS will be added soon or BGZ
(11:38 AM) tomthetrader: SDS or BGZ ?
redliontrader: filled sds 45.55
(11:40 AM) desertone: am short with IWM Oct 58 puts
(11:40 AM) desertone: thinking of adding
(11:41 AM) desertone: My GDX up almost 7%
(11:42 AM) tomthetrader: good protection for a few hours
(11:42 AM) tomthetrader: 1000 spx was beaten down usually takes 2-4 tries
(11:42 AM) tomthetrader: 1st couple always fail
(11:43 AM) *** DE_TTT has joined the room ***
(11:43 AM) bitterwind4: interesting mkt up only 3 pts today and csco glw a 50% retrace of yesterdays drop
(11:44 AM) eman11: I go with you short Tom, my Boss just popped in my office, couldn't say earlier, I prefer BGZ here
(11:45 AM) tomthetrader: SDS was filled at 45.55
(11:45 AM) tomthetrader: and will stop there at 45.55
(11:45 AM) tcb66: UNG now single digit.....no bottom in sight
(11:45 AM) tomthetrader: unreal
(11:45 AM) tomthetrader: I was tempted AH yesterdsay to buy long
(11:45 AM) tomthetrader: wow!
(11:47 AM) eman11: No prob Catch the next one
(11:47 AM) tomthetrader: yes we will get stopped here at 45.55
(11:47 AM) tomthetrader: I hope
(11:47 AM) tomthetrader: then we will shoot for BGZ
(11:48 AM) *** DE_TTT has left the room ***
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(11:48 AM) tomthetrader: should break thru 1000 before day is over how is AJ and the all markets A/D line ?
redliontrader: 10dayh-l: -1058
(11:50 AM) eman11: NYSE -444
(11:50 AM) eman11: NAZ -15
(11:50 AM) tomthetrader: Not good enough we need some hedge short
(11:51 AM) tomthetrader: stopped
(11:51 AM) tomthetrader: SDS out BE
(11:52 AM) hibuck2: $TRINS drop
(11:52 AM) hibuck2: $TRIN .66
(11:52 AM) hibuck2: $TIRQE .87
(11:55 AM) tomthetrader: sell UNP at a gain here UNP sell at 59.45 lock in gains heading to cash
(11:55 AM) tomthetrader: sell UNP day Trade lock in gain
(11:55 AM) tomthetrader: BGZ take alook
(12:01 PM) tomthetrader: MAR quite a short
(12:01 PM) tomthetrader: YHOO not bad YHOO 11 handle by Jan
(12:01 PM) eman11: NYSE - 567
(12:01 PM) eman11: NAZ - 51
(12:02 PM) tomthetrader: Not good need to protect or go short outright
(12:03 PM) tomthetrader: SIM we will sell out of pure FEAR ! 7.74 out of SIM ..FEAR
(12:03 PM) tomthetrader: SIM out of Main
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(12:09 PM) tcb66: JNK....a leading indicator on the way up is taking out its August lows
(12:09 PM) *** sttteve has left the room ***
(12:09 PM) tcb66: yes
redliontrader: 12pm NYSE NHs: 23 D1:-58% D5:-52%
redliontrader: 10dayh-l: -1076
(12:13 PM) tomthetrader: PORTFOLIO CLEANER OUT OF SIM
(12:17 PM) *** energy2x has joined the room ***
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(12:22 PM) tomthetrader: not a good sign here
(12:22 PM) tomthetrader: be careful as we are looking at very poor a/d and up down volume
(12:22 PM) *** upthemtn has left the room ***
(12:23 PM) tomthetrader: (12:10 PM) redliontrader: 10dayh-l: -1076
tomthetrader: PORTFOLIO CLEANER OUT OF SIM
tomthetrader: not a good sign here
tomthetrader: be careful as we are looking at very poor a/d and up down volume
(12:23 PM) ctmhou: I was thinking 70's...
(12:24 PM) tomthetrader: auxl
(12:24 PM) tomthetrader: testin
(12:24 PM) tomthetrader: testim
(12:24 PM) ctmhou: I was playing with the kids and they were listening.
(12:25 PM) ctmhou: SErious?
(12:26 PM) hibuck2: in QID @ 26.65
(12:26 PM) ctmhou: Auxilium markets Testim® 1%, a topical testosterone gel, for the treatment of hypogonadism through its approximately 190-person sales and marketing team.
(12:27 PM) ctmhou: Budubum
(12:27 PM) ctmhou: im shot
(12:27 PM) desertone: LOL
(12:27 PM) ctmhou: Rim
(12:27 PM) ctmhou: You wi;;
(12:27 PM) ctmhou: will
(12:27 PM) ctmhou: yes
(12:27 PM) desertone: I shall leave the room
(12:27 PM) ctmhou: Elliott wave says that we have seen the high.
(12:28 PM) ctmhou: I am not a lady........
(12:28 PM) ctmhou: Wuss
(12:28 PM) ctmhou: My oldest calls me a dufus
(12:29 PM) desertone: Tom I bought QLD yest still hold it?
(12:29 PM) desertone: TY good
(12:30 PM) ctmhou: Shoulder, got it.
(12:30 PM) ctmhou: Not me
(12:30 PM) ctmhou: Pill?
(12:31 PM) ctmhou: I thought that it was a rub?
(12:31 PM) tomthetrader: Viagra Viva
(12:31 PM) ctmhou: Not yet..............
(12:31 PM) tomthetrader: you rub it in then take thepill
(12:31 PM) ctmhou: I am almost AARP age.
(12:31 PM) tomthetrader: if it gets caught in your throat =stiff neck
(12:31 PM) tomthetrader: I am too old for AARP
(12:31 PM) tomthetrader: more like RIP
(12:32 PM) ctmhou: 54? Don't think so.
(12:32 PM) tomthetrader: 25.98 1000 sh BGZ
(12:32 PM) tomthetrader: Traders
(12:32 PM) tomthetrader: stop 25.71
(12:33 PM) ctmhou: Why 25.71?
(12:33 PM) tomthetrader: Traders 1000 sh BGZ
(12:33 PM) tomthetrader: a 1% or less
(12:33 PM) ctmhou: Gotcha
(12:33 PM) tomthetrader: .26 cents
(12:34 PM) tomthetrader: 26.00 was closest so we take off .25 on a 3x ETF
(12:34 PM) bitterwind4: did in 26.00
(12:34 PM) ctmhou: Stocks have been crossing back and forth into positive and negative territory for the past hour as the averages continue to trade in a very narrow range. Investors await the release of the FOMC minutes this afternoon hoping for insight into the Fed?s current thinking about the economy. The minutes are due out at 2 pm ET .
(12:36 PM) tomthetrader: GLD we will buy calls on GLD in Traders
(12:36 PM) tomthetrader: 95.66 10% long Main
(12:36 PM) tomthetrader: GLD Calls
(12:37 PM) *** DE_TTT has joined the room ***
redliontrader: back from lunch.. BGZ from what price?
redliontrader: 1230 NYSE NHS: 24.00 D1:-56% D5:-54%
redliontrader: 10dayh-l:-1096
(12:40 PM) tomthetrader: (12:31 PM) ctmhou: 54? Don't think so.
tomthetrader: 25.98 1000 sh BGZ
(12:41 PM) hibuck2: ctmhou ?
(12:41 PM) hibuck2: o stupid me
(12:41 PM) *** trading-junky has left the room ***
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(12:43 PM) tomthetrader: GLD calls
(12:43 PM) tomthetrader: HL SSRI
(12:44 PM) tomthetrader: GLD ABX
(12:44 PM) tomthetrader: Buyingt GLD
(12:44 PM) tomthetrader: in traders
(12:45 PM) tomthetrader: 101.23 SPY is a Buy
(12:45 PM) tomthetrader: need strength
(12:46 PM) *** sttteve has joined the room ***
(12:46 PM) tomthetrader: 95.80 GLD Now
(12:47 PM) *** DE_TTT has left the room ***
redliontrader: a buy stop.. that's new
(12:47 PM) tomthetrader: Yes a rare event
(12:47 PM) hibuck2: $PCRCO .84
(12:47 PM) *** upthemtn has joined the room ***
(12:47 PM) tomthetrader: we need strength it will trigger some buys from there
(12:47 PM) hibuck2: $TRIN .61 $TRIQE .80
(12:48 PM) hibuck2: NYSE A/D -337
(12:48 PM) hibuck2: NAZ A/D +47
(12:48 PM) ajayvee: Naz A/D +552 Vol +1.3:1
(12:49 PM) ajayvee: oops 57+
(12:49 PM) ajayvee: NYSE A/D -366 Vol +1.2:1
(12:49 PM) ajayvee: RUT A/D +120 Vol +1.2:1
(12:50 PM) ajayvee: All U.S. A/D -218 Vol +1.3:1
(12:50 PM) *** thomas_Poland has left the room ***
(12:51 PM) ajayvee: all A/D volumes positive
redliontrader: we have a pretty good trend going here
(12:53 PM) tomthetrader: don't like it
(12:53 PM) tomthetrader: I really am a bit afraid of this
redliontrader: and I had to say something..
(12:54 PM) *** thomas_Poland has joined the room ***
(12:54 PM) tomthetrader: we could do this for a month !
redliontrader: yes
redliontrader: slip sliding sideway
(12:55 PM) tomthetrader: Remember STAGFLATION
(12:55 PM) tomthetrader: STAGFLATION
(12:55 PM) tomthetrader: I hate Gold but when we have the conundrum we do
(12:55 PM) tomthetrader: HL
(12:55 PM) tomthetrader: ABX
(12:55 PM) tomthetrader: SSRI
(12:55 PM) tomthetrader: GLD
(12:55 PM) tomthetrader: GLD calls
(12:56 PM) tomthetrader: Cramer thinks selloff will be larger than 6%
(12:56 PM) tomthetrader: is that a buy signal
(12:58 PM) hibuck2: now cramer says a sell off he has been saying buy buy pullbacks
(12:58 PM) tomthetrader: Yes ...he is the WORST
(12:58 PM) tomthetrader: PERSON
(12:58 PM) tomthetrader: IN
(12:58 PM) tomthetrader: THE
(12:58 PM) tomthetrader: WORLD
(12:59 PM) hibuck2: 3 sells 1 do nothing on fast money
(12:59 PM) hibuck2: i wonder what they pay him to do his show?
redliontrader: 1300 NYSE: 25 D1:-55% D5:-55%
redliontrader: 10dayh-l: -1099
redliontrader: no still sideways best
(1:06 PM) ctmhou: Too much excitement her. Kids want to go to the park, so off we go. Thanks to all. See ya later.
(1:06 PM) hibuck2: cu ctm
(1:06 PM) tomthetrader: Thanks Craig
redliontrader: cya craig
(1:07 PM) tomthetrader: EVERYONE OK ?
(1:07 PM) tomthetrader: STAGFLATION
(1:07 PM) hibuck2: ok here as long as the market colaspe
(1:07 PM) tomthetrader: let's see who can find the best stagflation trade ?
(1:11 PM) hibuck2: looks like they might be waiting for fed mins?
(1:12 PM) bitterwind4: appears CIEN will continue dip lower. weak today. will see. watching
(1:13 PM) hibuck2: good afternoon Bitt
(1:13 PM) hibuck2: TRINS just pop up
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(1:14 PM) hibuck2: $TRIN .91 $TRIQE .88
(1:14 PM) bitterwind4: hello Hibuck. hope u r doing ok today
(1:14 PM) hibuck2: yep ok here
(1:14 PM) hibuck2: thxs
redliontrader: buy program
redliontrader: the flash traders are back
(1:18 PM) hibuck2: take over rumor on VG its only 1.67 ?
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(1:23 PM) hibuck2: and it was .38c a month ago
redliontrader: dangerous market.. lull you to sleep than explode agains you..
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redliontrader: against
redliontrader: NAZ, R200, N100 A/Ds +, AllUS, SP500, NYSE -
(1:28 PM) tomthetrader: indecision with a ton of buying power or selling power = opportunity
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(1:29 PM) tomthetrader: top 10 holdings
(1:30 PM) tomthetrader: MRK CELG UNP NKE GS PM CSCO QCOM HPQ CAL
(1:30 PM) arak99: looks like shorting 999 and covering 997 a few times over semes like a good trade
(1:30 PM) tomthetrader: yes easy and fun !
(1:31 PM) tomthetrader: until the breakout occurs..just hope you are on the right side ?
(1:31 PM) arak99: breakout will not happen prior to 2PM
redliontrader: NYSE: 25 D1:-55% D5:-59%
(1:32 PM) arak99: and I think we close unchanged for the day
(1:32 PM) tomthetrader: That is good to know !
(1:32 PM) tomthetrader: Thursday and Friday data HUGE
(1:32 PM) hibuck2: guy adami 905
(1:33 PM) arak99: redlion: what do D1 and D5 mean
(1:33 PM) tomthetrader: yep caveat 970 first pit stop
(1:33 PM) tomthetrader: Adami HOT
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(1:33 PM) tomthetrader: Kass HOT
(1:33 PM) tomthetrader: T.JONES HOT
(1:33 PM) bitterwind4: he says we go to 905?? then??
(1:34 PM) tomthetrader: if 970 does not hold
(1:34 PM) hibuck2: u think cramer and kass go at it at the office
(1:34 PM) tomthetrader: I say we just will be short if 960 breaks
(1:34 PM) tomthetrader: They will soon if they haven't but Cramer gave in
(1:35 PM) tomthetrader: how can he tell his viewers after laughing AT BEARS HE IS ONE NOW
redliontrader: bond mkt trading higher, negative for stocks, IMO - from ToddStottemrye - Pitcher to hedge fun mgr..
(1:35 PM) hibuck2: i hv not watched his show has done a flip?
(1:36 PM) tomthetrader: he will tonight i think from his daily printed comments
redliontrader: shoot.. had a scalp in BSX from 11 tried to get out at 11.13.. missed now 11.09
(1:38 PM) tomthetrader: like bsx
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(1:39 PM) hibuck2: QID cant get yesterdays close @ 26.80
redliontrader: 10dayh-l: -1093
redliontrader: anybody have a read on volume.. seems like we are back to summer levels here after y'day
(1:44 PM) tomthetrader: not horrible
(1:45 PM) tomthetrader: but may get heavy here Run rate 1.3bln
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(1:45 PM) ajayvee: less than half of yesterday's vol
(1:46 PM) tomthetrader: what I don't like ...NYSE A/D line overall up / down volume
(1:46 PM) tomthetrader: Big selling yesterday
(1:46 PM) tomthetrader: and more selling today than buyers
(1:46 PM) tomthetrader: GLW working out well
(1:47 PM) tomthetrader: perfrct Fib retrace technical long
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(1:47 PM) tomthetrader: had as my #1 play today GLWAC
(1:48 PM) tomthetrader: GLW up 2.5 % off the bottom call
(1:49 PM) tomthetrader: "Gilead has diversified its portfolio over the years, but HIV products are 80 percent of revenues, and we forecast HIV will dominate for the foreseeable future," analyst Rachel McMinn wrote in a note to clients.
The analyst set a price objective of $54 on Gilead's stock
(1:50 PM) *** DE_TTT has left the room ***
(1:50 PM) tomthetrader: Arak right on...no movement FED minutes a Bore
(1:52 PM) derr11: Is GILD a good call in the money call buy ?
(1:52 PM) tomthetrader: yes
(1:53 PM) tomthetrader: Look at a YTD chart and see it is in a channel towards the lower end in a great area to accumulate
(1:53 PM) ajayvee: so, fomc minutes takes us up or down this afternoon?
(1:54 PM) tomthetrader: CELG also right above its gap
(1:54 PM) tomthetrader: AJ...we wanted you to tell us..straight line here now ?
(1:54 PM) tomthetrader:
(1:54 PM) tomthetrader:
(1:54 PM) hibuck2: little selling
(1:55 PM) dhmohan1963: tom did DE gave his list of chips yesterday
(1:55 PM) tomthetrader: verylittle which is bullish
(1:55 PM) tomthetrader: we need NYSE a/d to get back to unch at least
(1:56 PM) tomthetrader: No DE left me hanging..him and thomas hate me ?
(1:56 PM) tomthetrader: Thomas Seiko sorely missed ..maybe on a Gdansk vacation
(1:56 PM) berniectx: Where has the Gdansk watchman been lately?
(1:56 PM) tomthetrader: Only Zags can smoke him out
(1:58 PM) tomthetrader: Odds are improving for a rally
(1:59 PM) tomthetrader: my day trade charts indies near a very short term buy
(1:59 PM) tomthetrader: believeit or nor
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(1:59 PM) tomthetrader: we need like a burst of selling to set off a rally
(2:00 PM) tomthetrader: another 30 point drop and my guess is we rally hard
(2:00 PM) tomthetrader: some stops will get blown
(2:03 PM) bitterwind4: did out BGZ just for the trd .12
(2:04 PM) arak99: no rally Tom
redliontrader: NYSE: 27 D1:-53% D5:-58%
redliontrader: 10dayh-l: -1121
(2:06 PM) hibuck2: trins mvg up very slow
(2:06 PM) hibuck2: $TRIN .68 $TRIQE .86
(2:06 PM) hibuck2: now a jump TRIN 1.03 $TRIQE .86
redliontrader: C ciitibank must be crossing between + and -
redliontrader: hibuck
(2:09 PM) hibuck2: yes 4.55 -4.56
(2:09 PM) hibuck2: no big block trades like the other day
(2:12 PM) hibuck2: we hv been trading sideways for about 2 hours what do we make of it
(2:13 PM) arak99: looks like we replicate FTSe and DAX ... up into the close .. probably the last hour .. but might visit the lows before we do so
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(2:14 PM) hibuck2: i hope a drop
(2:14 PM) arak99: hibuck, are you short or looking to dump BGZ for a profit?
(2:15 PM) tcb66: No stopping bonds...back at the highs
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(2:15 PM) tomthetrader: yes gross says double dip lower rats
(2:15 PM) hibuck2: $TNX 33.00 3.30
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(2:17 PM) tomthetrader: Bonds are in a bubble says TTT when we hit TBT right it will be good
(2:17 PM) tomthetrader: we missed today
(2:17 PM) hibuck2: ara iam in QID @ 26.65
(2:17 PM) hibuck2: with a stop @B/E
redliontrader: where are the bulls? They were will to pay top $$ 30 points ago.. where are they now?
(2:21 PM) *** desertone has joined the room ***
(2:21 PM) tomthetrader: IR I am adding to the Main Fund at 10% 30.40 Ingersoll Rand
(2:21 PM) berniectx: Miner I mentioned last week SA Seabridge Gold is up 10% today...did not take a position unfortunately
redliontrader: nice...
(2:22 PM) ajayvee: Naz A/D -30 Vol +1.2:1
(2:22 PM) ajayvee: NYSE A/D -569 Vol 1:1
redliontrader: IR Filled
(2:22 PM) ajayvee: RUT A/D -34 Vol 1:1
(2:22 PM) ajayvee: All U.S. A/D -555 Vol +1.1:1
(2:23 PM) tomthetrader: VLO REENTER 10% Main at a limit 18.00
(2:24 PM) tomthetrader: UNP we will enter 10% at 59.00 Main
(2:25 PM) tomthetrader: VLO only one not filled
(2:25 PM) tomthetrader: may take 18.05VLO OK ?
redliontrader: unp filled 59
(2:25 PM) tomthetrader: I got 18.05
(2:25 PM) tomthetrader: VLO
(2:26 PM) tomthetrader: IR I got 30.40
(2:26 PM) hibuck2: Tom u hv to stop calling the longs u r keeping this market up with ur power buying
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(2:27 PM) tomthetrader: I am a Bohemoth ...my market calls are followed by dozens !
(2:27 PM) tomthetrader:
(2:27 PM) hibuck2: dozens thousands!!
redliontrader: VLO filled 18.05
(2:29 PM) tomthetrader: Last one for Main GS we will buy limit 10% at 159.10
(2:29 PM) tomthetrader: Goldman Sachs Buy 10% Main limit 159.10
(2:29 PM) tomthetrader: remember our limit to buy SPY too
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(2:32 PM) arak99: my expectation is a higher open on fri and a sell off into the close on friday
(2:32 PM) tomthetrader: stop BGZ now 24.00
(2:32 PM) arak99: 992 is key ... close under that means the bear is BACK
(2:32 PM) tomthetrader: all other positions other than etf's 8% stops ....
(2:34 PM) hibuck2: stop out QID
(2:34 PM) tomthetrader: don't give up ...
(2:35 PM) hibuck2: no not me
(2:35 PM) tomthetrader: we are looking at extremely bullish short term data on NQ but if it fails were are back in a bear
(2:35 PM) hibuck2: i will just get it cheaper
redliontrader: NYSE: 28 D1:-52% D5:-59%
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redliontrader: 10h-1: -1145
(2:44 PM) hibuck2: y
(2:44 PM) TTTMichael: y
(2:44 PM) desertone: y
(2:44 PM) TTTMichael: yes and profitable, very good to be back.
redliontrader: just closing a nice LM scalp
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redliontrader: http://www.ttthedge.com/2009/05/want-to-trade-live-with-pros.html
(2:46 PM) *** janeisklar_1 has joined the room ***
(2:46 PM) janeisklar_1: the new sims3 3d chat look in download the messenger free of charge have fun . http://www.clubcooee.com/signup/b/2ec2bdb55f72.c81e72
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(2:48 PM) hibuck2: is that a town on a1a occobee
(2:48 PM) tomthetrader: 101.23 will trigger a longer term buy
(2:51 PM) desertone: TMF looks good Tom but equities with small volume scare me ....
(2:51 PM) desertone: ETFs
(2:53 PM) hibuck2: maybe we r just going to cosolidate for a move lower
(2:54 PM) desertone: Tom I see u on the mic but no audio.... R U talking?
redliontrader: no.. do you still see the mic?
(2:56 PM) desertone: yes
redliontrader: no mic here.. must be stuck on yur side
(2:56 PM) desertone: ok tnks
(2:56 PM) hibuck2: y
(2:56 PM) ajayvee: y
(2:56 PM) desertone: y
(2:57 PM) pointfisher: y
(2:57 PM) eman11: y
(2:57 PM) eman11: What %
(2:57 PM) tomthetrader: 25%
(2:57 PM) tomthetrader: 3.09 filled for me
(2:58 PM) tomthetrader: stop 2.93
redliontrader: Traders?
(2:58 PM) tomthetrader: YES
(2:59 PM) desertone: Darn Schwab does not fill me.... grrrrrrr
(3:00 PM) desertone: U mean I should lower it?
redliontrader: GS filled
(3:00 PM) desertone: I have it at 3.09
(3:00 PM) csu30: What position? I just got audio. Is this a GS call?
(3:00 PM) desertone: OK got it 3.09
(3:00 PM) tomthetrader: HL
(3:00 PM) tomthetrader: 3.09
(3:01 PM) tomthetrader: GS filled
(3:01 PM) csu30: OK, thanks
redliontrader: GS not good
redliontrader: what happened?
(3:01 PM) tomthetrader: IR VLO UNP
(3:01 PM) desertone: My PnF charts has a Bullish Price Objective of 9 for HL
(3:01 PM) csu30: OK thanks Tom
(3:02 PM) tomthetrader: YW
(3:02 PM) tomthetrader: GS hit buy a hard sell
(3:02 PM) tomthetrader: High volume are they shorting themselves to get a better price ?
(3:03 PM) desertone: sheeesh I just saw it. LOL they only filled me 100 instead of a 1000 ......... it figure he wants the comission........
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redliontrader: 3pm ambush
redliontrader: NYSE: 30 D1:-48% D5:-61%
(3:08 PM) tcb66: There is some serious buying going on in gold stocks today
redliontrader: 10dayh-l: -1148
(3:16 PM) eman11: CAL HOD
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redliontrader: NYSE: 31 D1:-47% D5:-62%
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(3:33 PM) hibuck2: try again QID @ 26.64
(3:34 PM) tomthetrader: we may take profits at any time here so please be ready
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(3:36 PM) tomthetrader: box in HL with a stop at 3.12 and profit stop 3.15 sell 3.15 daytraders
(3:37 PM) tomthetrader: sorry 3.10 stop 3.15 sell
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(3:39 PM) tomthetrader: 96.19 we will sell GLD out of GLD day trade
(3:40 PM) tomthetrader: sell GLD 96.19 free up cash
(3:40 PM) tomthetrader: out of GLD 96.19
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(3:40 PM) tomthetrader: sell HL at 3.14 limit
(3:41 PM) tomthetrader: sold HL at 3.14
(3:43 PM) hibuck2: sell the close ?
(3:44 PM) tomthetrader: they have the power probably unch /
(3:44 PM) tomthetrader: My guess Dow up 14
(3:44 PM) tomthetrader: Naz up 9
(3:44 PM) tomthetrader: SPX up 2
(3:45 PM) tomthetrader: The volumes in the Gold plays is enpourmous
redliontrader: battle for the daily candle color going on
(3:45 PM) tomthetrader: Yes
(3:45 PM) tomthetrader: all bulls praying GREEN
(3:45 PM) tomthetrader: bears want the RED ....RED ?
redliontrader: can it really ge that easy... short the market in sept and buy gold?
(3:46 PM) tomthetrader: Nope..it is like politics...how dumb are we ?
redliontrader: yes during this bull leg a red close after a 2% pb signaled a deeper correction
(3:47 PM) tomthetrader: I have had over 1000 clients in my office in tears over commodity plays like gold that broke their bank
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(3:47 PM) tomthetrader: HL a nice ;little play ?
redliontrader: wrote that one done in my book..
(3:49 PM) tomthetrader: BGZ day trade 26.12 we will go short futures and take the profit sell BGZ
(3:50 PM) *** KNUCKELS 09 has joined the room ***
(3:50 PM) tomthetrader: KNUCKELS 09 was bounced from the room by tomthetrader. 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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(3:50 PM) desertone: LOL
redliontrader: where is thomas!!!!!!!!!!!!!!!!!!!!!
(3:51 PM) desertone: Not bad
(3:52 PM) eman11: I'll be here.
(3:52 PM) desertone: SMN?
(3:52 PM) hibuck2: just trying to make 10c
(3:53 PM) desertone: Or IWM puts?
(3:53 PM) desertone: Tnks
(4:01 PM) desertone: Thanks Tom, Red and everyone
redliontrader: did u buy puts d1?
(4:02 PM) tomthetrader: TTT Out
(4:02 PM) desertone: Sold 1/3 of my GDX @ 42.57 +5.97
redliontrader: NYSE: 36 D1:-42% D5:-58%
(4:02 PM) tomthetrader: Nice D1
redliontrader: nice d1
(4:03 PM) desertone: ty Tom, Red have a nice evening!!
redliontrader: we got a nice pop of new highs during that last 1/2 hour
redliontrader: you too d1
(4:03 PM) tomthetrader: TY
redliontrader: leaves changing in NH yet? I am in Maine
(4:04 PM) *** Mikodl has left the room ***
redliontrader: Closed 2K in profits
redliontrader: not bad on a sideways day
(4:07 PM) tomthetrader: we will do anything for a buck Red
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(4:07 PM) tomthetrader: But I won't do that
redliontrader: scrape away
redliontrader: 10dayh-L: ended up -1170
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(4:10 PM) tomthetrader: bond bubble or double dip ?
(4:12 PM) tomthetrader: I will hold off on hedges till 7:30am tomorrow
(4:12 PM) *** thomas_Poland has left the room ***
(4:12 PM) tomthetrader: as the futures and 2-3 x ETF took off at EOD
redliontrader: A/D lines are problematic
(4:12 PM) tomthetrader: yes
(4:12 PM) tomthetrader: very
(4:14 PM) tomthetrader: up down volume
(4:14 PM) tomthetrader: got better all day and GS took a header late
(4:15 PM) tomthetrader: so scary to me too long
(4:15 PM) tomthetrader: but it is good there is some fear out there
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redliontrader: tom you need to buy snagit.. it's the best
(4:19 PM) tomthetrader: snagit ?
(4:19 PM) tomthetrader: for ewitter /
(4:19 PM) tomthetrader: Twitter ?
redliontrader: screen capture software
(4:19 PM) tomthetrader: really
(4:19 PM) tomthetrader: i will google it
(4:20 PM) tomthetrader: We're Short-term Buyers At: A successful test of the 980 area
We'd be Short-term Sellers at (or near): A close below 979 on S&P
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redliontrader: See my tweet.. All I had to do was hit Ctrl-q on our closed trades.. draw a box then emailed the screen cut to twitpic that posted the picture and sent out a twitter
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$52WHN:NewHighs(). NYSE: 36 D1:-42% D5:-58% - http://ttthedge.com #TTTHedge $$. 9/2/2009 4:02:00 PM
