TomTheTrader .: (8/10/2010 12:08) GS off pretty good
CathyC .: (12:08) so far tf has been completely unable to breach the 647 area
TomTheTrader .: (12:10) yes ...you think this is more than a short term event Cathy ?
TomTheTrader .: (12:11) I said yesterday this could be a more than day trade top ...maybe a possible multi day correction ?
TomTheTrader .: (12:12) TF and dozens of individual stocks look horrible after the exhaustive run from july 1st
TomTheTrader .: (12:12) market seems tired just on bounces gong nowhere /
TomTheTrader .: (12:13) I guess nothing a great FED decision and DIS and CSCO earnings can't solve ?
ajayvee .: (12:14) A/D Volumes Naz -4:1 NYSE -6:1 RUT -3:1 All -4.6:1
TomTheTrader .: (12:18) 1110 cash if below we may be in big trouble long
TomTheTrader .: (12:21) 100% cash in all portfolios
Bruce .: (12:27) Buy signal?
tracer99 .: (12:31) took loss on TNA
tracer99 .: (12:31) before ES sells off
RedlionTrader : (12:31) lunch BRB..
ajayvee .: (12:32) we're only 100k short of yesterday's volume for the day
ajayvee .: (12:32) ES
TomTheTrader .: (12:40) so we won't breal yesterdays lows as we will do more from 2pm -3pm than we have done in 2 days ?
TomTheTrader .: (12:40) Break
TomTheTrader .: (12:44) TY
Jesse: (12:53) wow, nothing really to do till the news it seems
Bruce .: (13:19) New TF LOD
TomTheTrader .: (13:20) and no buyers there bruce ...except you ?
TomTheTrader .: (13:20) and me ?
TomTheTrader .: (13:21) heading for 3% correction on TF in one day on very little news
Bruce .: (13:21) Exactly
TomTheTrader .: (13:21) maybe a good buying opp ...let's see
Bruce .: (13:26) Nice trade Tom
TomTheTrader .: (13:26) let's see if we can hold ? rotten tape here
RedlionTrader : (13:37) I step out for 15 minutes.. look at the trades..
TomTheTrader .: (13:37) WELCOME BACK RED !
Jesse: (13:37) do you think it will rally into the news?
Jesse: (13:38) i went long at 640.3 on that tom
Jesse: (13:38) i believed in you 3 minutes later
Jesse: (13:39) i got out way to early tho.
Jesse: (13:46) tom are you taking a long or short position in the mini before the news?
Fxburks .: (13:52) the real amatuer hour coming up
Jesse: (13:52) pretty nice head and shoulders on the es
Fxburks .: (13:54) general consenses on the twits and blogs seems to be a retest of lows after the fed..will everyone be looking to short a pop
Jesse: (13:54) will you take it at a higher price if it doesnt hit 1100 tom?
TomTheTrader .: (13:55) Yes
Fxburks .: (13:56) i'm thinking down - up -down hard and a recovery eod...just a guess
Fxburks .: (13:56) 1-2-3-4
ajayvee .: (13:56) A/D Volumes Naz -7:1 NYSE -9:1 RUT -7:1 All -7:1
Jesse: (13:59) red you doing anything before the news?
RedlionTrader : (14:01) no
CathyC .: (14:02) the confluence of confluences.
jul: (14:02) funny, i like NO
Tyra Sword: (14:02) at least he didn't just type "n
RedlionTrader : (14:02) n
TomTheTrader .: (14:02) RED : 0
Fxburks .: (14:05) y
Dan Scalp: (14:05) y
danielsan: (14:05) :)
Georgee .: (14:08) will the results be reflected on the ES first?
Georgee .: (14:09) i mean versus listenibg to CNBC
Bruce .: (14:09) Just got my invite to the DRYS annual meeting in Athens - who's going?
Bruce .: (14:10) Road trip!
ajayvee .: (14:11) downgraded
Georgee .: (14:12) JPM in industyr
Jesse: (14:12) downgraded by Baird analysts and had third-quarter estimates cut by both J.P. Morgan Chase and Wedbush analysts.
Georgee .: (14:15) why is it revealing?
hibuck2 .: (14:15) unchanged
Bruce .: (14:15) What a surprise
CathyC .: (14:17) change your setting so that you're looking at less data
Jesse: (14:18) cathy are you taking any positions here?
CathyC .: (14:20) yes, you could get into trouble if you had a position on and could not get out
TomTheTrader .: (14:21) FED did the right thing
TomTheTrader .: (14:21) by staying out
cad .: (14:21) NEW YORK (MarketWatch) -- Treasury prices jumped and the dollar pared its solid gains on Tuesday after the U.S. Federal Reserve said it will reinvest proceeds from maturing mortgage debt back into the Treasury market, as many analysts had expected.
Georgee .: (14:26) GLD popped hard
CathyC .: (14:28) long 643,4
CathyC .: (14:28) 643.4
jul: (14:28) nice chart, thank you
CathyC .: (14:33) i'm going to take a partial at 648.7
CathyC .: (14:33) then let the rest go.. no target
CathyC .: (14:33) as long as price looks good
TomTheTrader .: (14:33) TREMENDOUS JOB
Bruce .: (14:34) Cathy shoots.... she scores!
TomTheTrader .: (14:34) great recognition of the turnaround
bscoot: (14:34) cathy - out at 48.4, very nice trade
tracer99 . 2: (14:34) out, THANK YOU.
CathyC .: (14:35) good exit bscoot
tracer99 . 2: (14:35) good job, thanks for the voice Tom I would not have made 2k
tracer99 . 2: (14:35) brb
Dan Scalp: (14:35) ES uo to 1129
Dan Scalp: (14:36) up to tgt 1129
Dan Scalp: (14:38) ES first tgt pp=1123
Jesse: (14:42) tf at 200 pma
tracer99 . 2: (14:43) TNA catching up
CathyC .: (14:43) gap fill 658.6
Dan Scalp: (14:43) ES ready for 1129
Georgee .: (14:49) whats ur next tgt for qcom Red?
Fulkdaddy .: (14:49) I think BIDU is the best stock on the planet
Fulkdaddy .: (14:49) That is one of my core holds.
jul: (14:49) me too fulkdaddy, i am long BIDU, nice recovery today
TomTheTrader .: (14:49) Bought calls to 2011 in Bidu and owned for a while ...great play !
TomTheTrader .: (14:50) up 1400% on Bidu stock and options as of now
TomTheTrader .: (14:50) small position
TomTheTrader .: (14:50) but still long
RedlionTrader : (14:51) gee.. 42.09 did you get that?
TomTheTrader .: (14:55) SPX cash 1125 close ...would be VERY Bullish 1121 Adequate
Georgee .: (14:56) what do u think about EEM shortterm 1-3 days?
TomTheTrader .: (14:56) good
TomTheTrader .: (14:57) FXI and TDF
TomTheTrader .: (14:57) CZM
TomTheTrader .: (14:57) some ideas
TomTheTrader .: (14:57) ILF
paul: (14:57) wow looks like I missed a wild day again
paul: (14:57) too much golf
Georgee .: (14:58) Do you have an SPX tgt by this friday Tom & Red?
Rami .: (14:58) I don't golf so I'm biased
TomTheTrader .: (14:58) 1150.00 SPX here
paul: (14:58) just need to pick the right days
TomTheTrader .: (14:58) 1180 by Labor Day
bscoot: (14:58) thanks for information today...I now understand a fed day much better.
Georgee .: (14:59) Thx Tom, so your quite bullish The nest 3 days
Georgee .: (15:00) I'm looking to try some SPY weeklies, but the Theta(Time Decay) is brutal
Georgee .: (15:00) Need a qucik move
TomTheTrader .: (15:00) Yes ...but buying this mornings lows would have been a options call buyer dream ?
TomTheTrader .: (15:00) esp on weeklies
paul: (15:00) what spooked the market this morning China?
TomTheTrader .: (15:00) Yes
TomTheTrader .: (15:01) and some weak eco dat
TomTheTrader .: (15:01) Wild gyrations in Bonds
Fulkdaddy .: (15:08) Therefore, if we surge into the close, we should add a short
Fulkdaddy .: (15:08) If we close up > .5%
paul: (15:10) but it would be relly positive to get through tha 1132 area
Fulkdaddy .: (15:10) I am 32% long today....would love to see a nice close to short for tomorrow
TomTheTrader .: (15:14) Only 3 cases of 1% gap down on FOMC all 3 were up over 3 days over 4%
CathyC .: (15:26) long 646.6
jul: (15:30) impressive how you traded ahead of 3:30 so correctly, i always pause 3:20-3:30
Jesse: (15:30) took that long, got out at 648.00
Jesse: (15:31) thanks cathy, a tip of my cap to you
TomTheTrader .: (15:31) yes those "LULLS" as I call them are signs that something about to happen usually in the direction it was going !
CathyC .: (15:32) i'm watching this one pretty closely since tf gave a tick low a few mins ago... it might not get far to the upside.
TomTheTrader .: (15:32) TY Cathy
CathyC .: (15:38) targeting 650.8 stop at 646.6
TomTheTrader .: (15:40) I think we go kinda berzerk here UP
TomTheTrader .: (15:40) NUTZ ?
CathyC .: (15:40) hope you're right
Bruce .: (15:40) You are drinking early T, but I hope you're right
Fulkdaddy .: (15:41) U R the best at these short moves I have ever seen so I think it will happen!
TomTheTrader .: (15:41) It's not the heat it is the humidity !
TomTheTrader .: (15:41) TY Dave !
Bruce .: (15:41) You been out in the sun again?
mohan: (15:42) after watching for 2 yrs i cant figure out how you do it
mohan: (15:43) cathy learned a lot fron the other day with you
Fulkdaddy .: (15:44) I am going Double long the dollar at the close
TomTheTrader .: (15:44) dollar is way OS
TomTheTrader .: (15:45) I am with you on the Buck ...should at least hold up and rally
Fulkdaddy .: (15:45) die bears!
TomTheTrader .: (15:46) 1122.50
TomTheTrader .: (15:46) will it die ?
TomTheTrader .: (15:46) avg price for the year here ?
Bruce .: (15:49) We need a point a minute
Fulkdaddy .: (15:49) 36% short for tomorrow
RedlionTrader : (15:50) volume tosay is 11% above 5 day average
teresa: (16:06) Tom, great call !!
TomTheTrader .: (16:06) TY
TomTheTrader .: (16:06) Teresa TY
teresa: (16:07) Bye .. Everyone who posted..thanks..
TomTheTrader .: (16:07) Yes TY all for pitching in
TomTheTrader .: (16:07) great job
tracer99 .: (16:07) yw, i threw away some good gains late though,
tracer99 .: (16:07) Great Job TTT Team
TomTheTrader .: (16:08) WOW
TomTheTrader .: (16:08) ESPN Parks
TomTheTrader .: (16:08) ABC news ?
ajayvee .: (16:10) CREE down big
TomTheTrader .: (16:10) CSCO AH tomorrow we are short
ajayvee .: (16:11) semis going to suck again tomorrow
TomTheTrader .: (16:13) nvda
jul: (16:25) happy i stuck around for the singing part :) thanks everyone, amazing stuff in here, bye
TomTheTrader .: (16:25) Yes the singing is extra....under services on your bill ! LOL
jul: (16:25) lol
TomTheTrader .: (16:25) TY Jul
TomTheTrader .: (16:26) We will have some fun into 2011
TomTheTrader .: (16:26) no matter what the doomsayers say
jul: (16:26) want to join, but....need to learn options first
TomTheTrader .: (16:26) http://www.cboe.com
TomTheTrader .: (16:26) and http://www.optionetics.com
jul: (16:27) thank you so much, saved the links
TomTheTrader .: (16:28) You are welcome Plus ...I work with folks on options and futures nightly ...so stop in !
TomTheTrader .: (16:28) every member gets a free TUNE UP !
TomTheTrader .: (16:29) just stop in our e-mail me and set up a time ..I have taught about everyone in the room
TomTheTrader .: (16:29) so don't be shy
TomTheTrader .: (16:29) stop in after 7:45 or just let me know if you have any questions
TomTheTrader .: (16:29) 24/7
TomTheTrader .: (16:29) 850-329-6745
TomTheTrader .: (16:36) Goodnight all
TomTheTrader .: (16:37) see you at 7:45 pm or tomorrow 9:15 am
TomTheTrader .: (16:37) BHP earnings
TomTheTrader .: (16:37) 10 year auction
TomTheTrader .: (16:37) and CSCO
