Every day Stock Report Thursday Morning, June 28, 2012


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Every day Stock Report Thursday Morning, June 28, 2012

  1. 1. Daily Stock Report Thursday Morning, June 28, 2012 Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit per transaction. Go to www.TradeStocksAmerica.com and click on the Trading Room tab for instructions to receive a $1 trial for a week. Not only will you receive excellent stock trading ideas, mostly focused on intraday scalps, you will get commentary about the timing, trading action, and market behavior during the day and how it affects any stock ideas posted in the Trading Room. Plus, you will interact with other traders as well. It is highly recommended to study the trading strategies and chart setup before you use your actual hard earned money and practice in a virtual account for 30-90 days before in order to get a high winning rate while practice. This will dramatically increase your chances of being profitable from the beginning of using your own money. See you in the Trading Room!Stocks are starting to act bullish and could make somehigher highs in the indexes assuming the Supreme Court Summary Opinionoverturns the healthcare law. For the moment we haven’t Continue to work the longs and shorts over a period ofhad the fear factor news from overseas or anywhere for that days and keep position sizes down to lower than normal.matter. It is conceivable we could have a bullish run as it This isn’t a time to be aggressive.appears to be the path of least resistance although theindicators aren’t showing a bull run is in store yet. Calendar (All Eastern times) Monday, 1000am, New Home sales, 350kContinue to work the longs and shorts over a period of days Tuesday, 900am, Case-Shiller 20 city Indexand keep position sizes down to lower than normal. This Tuesday, 1000am, Consumer Confidence, 63.0isn’t a time to be aggressive. Wednesday, 7:00am, MBA Mortgage Index, -0.8% Wednesday, 830am, Durable Orders, 1.0% Wednesday, 1000am, Pending Home Sales, 0.5%The pharmaceutical-biotech sector stocks are performing Wednesday, 1030am, Crude Inventories, 2.86Mreally well so the short term traders should look in this area Thursday, US Supreme Court decision on healthcare plan.for trades both ways. Thursday, 8:30am, Initial Claims, 385,000 Thursday, 830am, Continuing Unemployment Claims, 3.275KREPEAT: The market is still trying to price in the implications of Europe 1) Thursday, 830am, GDP (Gross Domestic Product), 1.9%going into recession, 2) Greece, Spain, Italy and now France breaking up Friday, 830am, Personal Income, 0.1$the Euro and how that could affect global economies. It is difficult to Friday, 830am, PCE, 0.2%forecast such an unprecedented event but my opinion for some time is that Friday, 945am, Chicago PMI, 52.4the odds are we continue a downtrend through most of the summer. Friday, 955am, Michigan sentiment, 74.1 Follow-up notes:We may get a pop up if the US Supreme Court overturns the Obama RBC, Regal-Beloit. Consider covering short.healthcare plan. The basis of that decision is would be unconstitutional toforce all Americans to buy a pre-packaged health care plan. The companies that would benefit from an overturned decision are the largest companieslike Wal-mart, Costco, Home Depot, Target and many others.This is one of the biggest reasons why Fortune 500 companies CEO’s are citing as an “unknown” in their business planning. The other is the taxoverhaul that Obama vows he will change in 2013, if he is re-elected. The rebound from an overturned decision may spark a fairly strong rally beforefizzling and being overcome by the weight of Europe.Later this fall, the presidential election would be the other deciding factor for the largest employers to make business decisions. It is very conceivablethat these two factors of a Republican president and an overturned healthcare plan would be a catalyst for a rally of some sort in spite of the bearforecasters for global markets. The US could start its own economic recovery strong enough to overcome the fear of a European recession and at somepoint investors will start to be immune to the same old fear factor from Europe.In the meanwhile, you might consider taking some of the profits in the short positions as they mature the next 1-2 days in anticipation of a strong pop upin the markets on the Supreme Court decision due out this Thursday at the latest but could come as early as tomorrow.Most recent list of “Market worries”: 1. Greece bailout and possible exit; Greece complains they want Spain’s deal; Greece vote this weekend. 2. Spain bailout proposal being criticized as creating more problems in future; Spain asking IMF for money now. 3. Next news bomb: Italy likely going to need help but not in news lately 4. Germany is Europe’s financial leader; says they pay biggest percentage of bailouts; must be weighing options. 5. European recession very likely to start 6. Chinas softening of economy or hard landing? 7. US economic data choppy; jobs market weak. 8. US Presidential election, momentum shifting toward Romney = Bullish 9. Apathy in retail investors 10. US Housing recovery not strong yet 1
  2. 2. 11. Brazil economy stalling 12. Money is flowing into US dollar, US Treasuries and German government securities. 13. US economic policy not repairing economy. 14. Current US president not strong leader; creating more debt 15. India economy sharply pulling back now; just starting to hit news. 16. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff. 17. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel. 18. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision due week as late as Thursday 6-28-2012. 19. France being suggested as next European country to have financial problems. 20. Low volume summer trading. Scalp of the day from Trading Room: (all eastern times) PCYC, Pharmacyclics gave a 6% move today on the long side. These scalps posted here are best ones we find in real-time each day and will do our best to present these as timely as possible to the Trading Room and give commentary and suggestions as how to profit from them. Normally a 2-3% profit is very good per scalp. The Trading Room is now open! Start your $1 trial here: www.tradestocksamerica.com/trading-room-new.php Swing Trade Ideas: (Usually hold time is days) RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days. JAZZ, Jazz Pharmaceuticals. Consider small short position. NBL, Noble Energy. Consider small long position. HUM, Humana. Starting to monitor HUM for potential long position. BCS, Barclays Bank. Consider small short next 1-3 days. CTB, Cooper Tire & Rubber. Consider small short (hold time days). RYN, Rayonier. Consider small short. LVLT, Level 3 Communications. Consider small short position next 1-3 days. PANL, Universal Display. Consider small short (only a few days hold time). HGG, HHGregg. Consider small short position. VCI, Valassis Communications. Watching for short entry. Intermediate Trade Ideas: (weeks to months) PCYC, Pharmacyclics. FDO, Family Dollar. Consider small long position. WFM, Whole Foods. Consider small long position. DLTR, Dollar Tree. Consider small long position. ROST, Ross Stores. Consider small long position. DV, Devry. Consider small short position. CLB, Core Laboratories. Consider small short position. NFX, Newfield Exploration. Consider small short position. QSII, Quality Systems. Consider small short position.Focus Chart: (Worden Telechart 2007-Download FREE on home page SNI, Scripps Networks. Consider small long position $54-55 area.of www.TradeStocksAmerica.com.) SHW, Sherwin Williams, consider small long below $125. COP, ConocoPhillips. Consider small long position.HNR, Harvest Natural Resources is an aggressive short. This ORLY, O’Reilly Auto Parts. Consider small long position.should start breaking down. Don’t get leveraged with any idea BK, Bank of New York Mellon. Consider small long positionlike this. RMD, Resmed Health. Consider small long position. WAG, Walgreen. Consider small long position. ROST, Ross Stores. Consider small long position next 1-2 days. RBS, Royal Bank of Scottland. Consider small short. FFIV F5 Networks. Consider small short position. RHT, Redhat. Consider small short position. SFD, Smithfield Foods. Consider small short position. Aggressive Investors-Traders (Higher risk, higher reward) SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small increments. Study Bullshort chapter in Wizard Training course. HNR, Harvest Natural Resources. Watching for potential short, for aggressive investors. BBVA, Banco Bilbao. Consider small short; may last 2-3 months. Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard Training Course before attempting this high risk high reward strategy. It is best to let these peak in price and turn down before opening short. 2
  3. 3. Stock List Type Notes Open Price Close PriceCMG,CMG Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18MNST, Monster Bev. LONG-SWI Continues marching up in strong uptrend. 42.69 53.35DLTR,DLTR Dollar Tree LONG-SWI Sold Friday for 5% profit. 97.50 102.35IDCC, Interdigital SHORT-SWI Stopped Monday for 12.5% profit. 27.31 24.25MO, Altria LONG-INT Higher high on Monday. 31.82FNGN,FNGN Financial Eng SHORT-SWI Re-entered short Thursday 20.50SFD, Smithfield SHORT-INT Covered short Friday for 5.4% profit. 19.40 18.48SLF, Sunlife SHORT-SWI Covered short Tuesday for 4.7% profit. 21.94 20.98RDC, Rowan Cos. SHORT-SWI Covered Tuesday for 9.4% profit. 31.68 28.94RBC, Regal-Beloit SHORT-SWI Covered Friday for breakeven. 61.24 61.24CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31VCI, Volassis SHORT-SWI breakout Careful for breakout up. 20.50SHFL, Shuffle Mast AGGSHORT Looking for low $12’s to cover 14.25NBL, Nobile Energy LONG-SWI Small long position 78.75HUM, Human Health LONG-SWI Small long position. 78.81TARO, Taro Pharm SHORT-SWI Lower low Monday, looking for lows under $35 37.35CNK, Cinemark SHORT-SWI Stopped Wednesday for 3.6% loss 21.69 22.50RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34BEAV, BE Aerospace SHORT-SWI Covered Tuesday for 5.5% profit. 43.42 41.00SNI, Scripps Netw LONG-INT Small long position. 57.31SHW, Sherwin Will LONG-INT Small long position. 133.10COP,COP ConocoPhillips LONG-INT Stopped Thursday for 5% loss 55.50 52.72ORLY, O’Reilly Auto LONG-INT Stopped Wednesday for 20% loss. 101.75 82.00BK,BK Bank NY LONG-INT Closed Friday for breakeven. 21.09 21.08RMD,RMD Resmed Health LONG-INT Closed Friday for 3% loss. 31.96 31.00PXP,PXP Plains Explorat SHORT-INT Covered Tuesday for 9.4% profit 34.69 31.37APC, Anadarko Petro SHORT-INT Covered Tuesday for 6.8% profit. 64.52 60.40FTI,FTI FMC Technology SHORT-INT Covered Tuesday for 8.7% profit. 41.07 37.71BCS, Barclays Bank SHORT-SWI Covered Tuesday for 6.5% profit. 12.93 12.14OKE,OKE Oneok SHORT-SWI Covered Tuesday for 4.8% profit. 43.53 41.57ASIA,ASIA AsiaInfo SHORT-SWI Covered Wednesday for 1% loss. 11.94 12.05WAG, Walgreens LONG-INT Small long position. 29.33HXL,HXL Hexcel SHORT-INT breakeven. Covered Tuesday for breakeven. 24.36 24.35IAG,IAG IamGold SHORT-INT Small short position. 11.89LAZ,LAZ Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.57IMAX,IMAX Imax SHORT-SWI Don’t have big short position in this one; strong. 22.72JAZZ, Jazz Pharma SHORT-SWI Looking for another 2-3 down days but reduce? 45.25NSC,NSC Norfolk South SHORT-SWI Small short position. 69.25RBC, Regal-Beloit SHORT-SWI Small short position 61.48DY,DY Dycom SHORT-INT Small short position. 17.18QSII, Quality Systems SHORT-INT New low again Wednesday; good sign 26.54 3
  4. 4. COF,COF Capital One SHORT-INT Small short position 51.74RBS, Royal Bank SHORT-INT Small short position 7.43HNR,HNR Havest Natural AGGRESSIVE Small short position. 8.91SHOO,SHOO Steven Madd SHORT- SHORT-INT Small short position 34.97TIF,TIF Tiffany SHORT- SHORT-INT Small short position 51.64Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using thislink: http://www.tradestocksamerica.com/trading-room.phpJune 27, 2012 June 27, 2012TSA Moderator Chat TR User Chat[06:10 am] Mitch K: how are you guys doing this morning? [06:11 am] apple : good morning to all alert tradershave you been behaving? [06:11 am] apple : gm qwert[06:11 am] Mitch K: AAP had a warning back in mid0May, that [06:12 am] apple : gm dojishould give a headsup to ORLY doji. The auto part stores [06:12 am] khall : gm allwere on a hot run for a year or so [06:12 am] apple : g, eddy[06:13 am] Ed : good morning traders [06:12 am] apple : gm cd[06:31 am] Ed : watching ETP for potentio short [06:12 am] garyb : Good morning everyone![06:31 am] Mitch K: watching SUPGN again today, mostly long [06:12 am] joeytsa : Good morning Mitch,Ed traderson big drop [06:12 am] doji : Thanks Mitch.[06:32 am] Mitch K: so it should give more trades today [06:12 am] apple : gm khall[06:32 am] Mitch K: remember SUPN had a high of 15+ to [06:12 am] doji : Hi Apple, Khall!around 11 yesterday [06:12 am] eddy : hi apple khal doji joey[06:33 am] Mitch K: watching LNCR for top to short [06:12 am] doji : Ji Joey![06:34 am] Mitch K: watching healthcare stocks move up: UNH, [06:12 am] garyb : Hi Joey doji apples khall eddy ed MithcAET, WLP, for tops to short [06:12 am] eddy : nd gari Ed:)[06:34 am] Mitch K: watching VECO for short [06:13 am] joeytsa : reports: core mixed, ending home sales @[06:35 am] Mitch K: watching PCYC for bottom to buy 7pst, crude inv 7:30pst[06:35 am] Mitch K: watching FOSL for bottom to buy [06:13 am] apple : gm joey[06:36 am] Mitch K: watching SWN for top to short [06:13 am] doji : 40-day silent period for FB ended yesterday;[06:36 am] Mitch K: watching for more buying in ESRX stocks dropped[06:37 am] Mitch K: monitoring FB drop [06:13 am] joeytsa : gap up: MON,LEN,AMRN,WPRT,WYNN,AVAV[06:37 am] Mitch K: watchign FSLR for short [06:14 am] joeytsa : gap down ; OMER,ORLY,AAP,AZN[06:38 am] Mitch K: watching FINL for another short today [06:14 am] apple : thx joey[06:38 am] Mitch K: watching GNC for top to short [06:15 am] mikewd2 -: thanks Joey[06:38 am] Mitch K: watching APKT for bottom to buy [06:15 am] apple : gm mike[06:39 am] Mitch K: FSLR almost always weak so like shorting [06:15 am] mikewd2 -: hi applethis, tends to drop more than others [06:16 am] eddy : hi mike[06:39 am] Mitch K: looking for under $30 on SWN short [06:16 am] doji : Pending Home Sales today at 10:00AM and Crude[06:39 am] Mitch K: also watching other ag-chemical stocks for Oil Inventories at 10:30AM so be carefultop: AGU, IPI, MOS, POT [06:18 am] qwert : wprt a nice gap up[06:39 am] Mitch K: watching MON for short [06:19 am] apple : thx doji[06:39 am] Mitch K: watching CNC for top to short [06:21 am] mikewd2 -: autoparts stores certainly out of favor[06:40 am] Mitch K: watching HRB for top to short, soon rightnow[06:41 am] Mitch K: watching VRTX for bottom to buy [06:22 am] scalpman : ORLY -30[06:41 am] Mitch K: watching VALE for bottom, take time [06:22 am] doji : Gold futures moving up[06:41 am] Mitch K: watching UA for bottom [06:24 am] joeytsa : overnight ES range 1312-1319[06:42 am] Mitch K: watching BBY for bottom to buy [06:25 am] apple : thx joey[06:43 am] Mitch K: watching MSM for bottom to buy [06:25 am] doji : ORLY lossing all 2012 gains in the pre-market....[06:44 am] Mitch K: monitoring ELX for top, take time [06:26 am] joeytsa : so far, for every 1 company raising[06:45 am] Mitch K: ORLY should give multiple trades today expectations..3.6 are warninglong and short [06:26 am] skydiver : gm Mitch, Ed, and all the great traders. Thnx[06:45 am] Mitch K: no hurry on GTI joey for info[06:45 am] Mitch K: watching GTI for bottom [06:26 am] scalpman : sorry wrong on ORLY...-16 4
  5. 5. [06:46 am] Mitch K: monitoring TNGO for bottom, low vol but [06:27 am] apple : gm skygood drop [06:27 am] apple : gmscalp[06:47 am] Mitch K: VECO tends to correct harder than most, [06:27 am] skydiver : gm applelooking for 31.60 or lower for short [06:27 am] scalpman : Hi apple[06:47 am] Mitch K: still watching LNCR for top [06:27 am] doji : Maybe you are looking at the future Scalpy...[06:47 am] Mitch K: healthcare stocks correcting hahaha[06:49 am] Mitch K: watching SHFL for bottom to buy [06:28 am] doji : Indices moving in pre-market[06:49 am] Mitch K: watching APKT closer for bottom [06:28 am] doji : any news?[06:49 am] Mitch K: watching TSCO for bottom to buy [06:29 am] apple : thats some drop![06:51 am] Mitch K: take your time before buying bottoms for [06:29 am] joeytsa : not seeing any dojilongs that are droping [06:31 am] doji : Thanks Joey[06:51 am] Mitch K: this correction real nice for shorts, take time [06:32 am] apple : thx MKbefore covering, i think these are going to mature a lot [06:37 am] chinhngo : cmg drop 9 point[06:52 am] Mitch K: consider covering AGU short [06:39 am] doji : Healthcare stocks strong[06:52 am] Mitch K: looking to start gradaully covering GNC [06:39 am] skydiver : what happened to DLTshort [06:39 am] skydiver : DLTR?[06:53 am] Mitch K: consider covering FSLR short [06:39 am] mikewd2 -: out ORLY ln[06:54 am] Mitch K: watchign TTWO for bottom [06:41 am] joeytsa : nice rebound in ORLY and SUN[06:54 am] Mitch K: HRB short idea no good [06:41 am] joeytsa : SUPN[06:54 am] Mitch K: UA bouncing [06:41 am] skydiver : ok - 2 for one stock split on DLTR - I get it now[06:54 am] Mitch K: consider covering some of FINL short :)[06:55 am] Mitch K: more downside on LNCR short [06:42 am] apple : we missed that one...[06:55 am] Ed : be patient on this one [06:43 am] doji : UNH reversing[06:55 am] Mitch K: watching ZNGA for bounce soon, low [06:43 am] mikewd2 -: out 2nd L on ORLYpriced one [06:45 am] joeytsa : good one mike[06:55 am] Ed : monitoring SSYS for potential short [06:47 am] doji : UA[06:56 am] Mitch K: more downside on AMRN but need bounce [06:48 am] mikewd2 -: AAP moving up alsofirst to short into [06:48 am] skydiver : out 3/4 AAP L[06:56 am] Mitch K: watching FDO for bottom to buy [06:49 am] skydiver : LNKD been dropping[06:58 am] Mitch K: GNC not bottommed yet for short [06:49 am] doji : LNKD[06:58 am] Mitch K: monitoring M for bottom [06:50 am] mikewd2 -: out 3rd L on ORLY - wow, nice $1 bounces[06:58 am] Mitch K: watching URBN cowboy for bottom [06:50 am] apple : NFLXdropping[06:58 am] Mitch K: watching CSTR for top to short [06:50 am] apple : great job mike[06:59 am] Mitch K: monitoring EXK drop [06:50 am] skydiver : nice Mike[07:01 am] Mitch K: watching HZNP for bottom to buy [06:51 am] scalpman : Al out GNC S[07:01 am] Mitch K: watching ADS for top to short [06:51 am] scalpman : All out MON[07:01 am] Mitch K: watching CMO for top to short [06:51 am] skydiver : all out of AAP L[07:06 am] Mitch K: should be out of GNC short [06:52 am] skydiver : thnx Mitch[07:07 am] Mitch K: more upside on FOSL bounce [06:52 am] doji : out 1/2 UNH short[07:08 am] Mitch K: nice one on ssys eddie money [06:52 am] apple : thx for the advice MK[07:08 am] Ed : consider covern some SSYS if u took short [06:52 am] doji : FB[07:08 am] Mitch K: monitoring ALKS, [06:55 am] skydiver : pending home sales coming up 5 minutes[07:09 am] Mitch K: watching for short on GPC on top of this [06:56 am] apple : HOGbounce, looks like here [06:56 am] apple : thx sky[07:15 am] Ed : covering 3/4 ETP short dont like action will [06:57 am] apple : E - SSYS looks great!place last 1/4 stop @ breakeven [06:57 am] doji : SSYS going bananas[07:17 am] Mitch K: SPY toppy here [07:00 am] doji : Nice SSYS[07:17 am] Mitch K: if you took GNC long consider selling and [07:00 am] doji : shortwatch for 2nd helping short [07:00 am] joeytsa : pending homes up 5.9%[07:17 am] Mitch K: consider selling FOSL long [07:00 am] doji : from R=50.73[07:18 am] Mitch K: consider selling APKT and possible short [07:00 am] skydiver : pending merger with Ojet June 11 - wonder ifhere its getting close to the merger?[07:18 am] Mitch K: watching MXIM for 2nd helping short, forgot [07:00 am] skydiver : on SSYSto post first one to you [07:02 am] doji : ORLY breakout[07:18 am] Mitch K: consider covering remaining LNCR short [07:02 am] doji : run ORLY run[07:19 am] Mitch K: not sure if i posted MSM but still more [07:03 am] doji : out 1/4 ORLY longupside for long [07:04 am] skydiver : FIRE jumped nicely -[07:19 am] Mitch K: consider selling UA long [07:05 am] doji : SPY new hod... dont know why it took 5 minutes to[07:19 am] Mitch K: that meant to sell APKT long and consider react to the home sales newsshort [07:08 am] skydiver : nice one doji on SSYS[07:20 am] Mitch K: not much strength in FDO bounce [07:08 am] qwert : ssys awesome thx Ed[07:20 am] Mitch K: monitor some of tehse for tops to short after [07:08 am] doji : Yes, thanks Edyou close long, like VRTX [07:08 am] skydiver : sorry - didnt see Ed posting SSYS - yes Ed[07:20 am] Mitch K: consider selling most of VRTX here, getting nice one!!!toppy [07:09 am] Ed : i need to find like 5 of these per day :)[07:20 am] Mitch K: consider selling TTWO long [07:09 am] doji : The chart is on the board 5
  6. 6. [07:23 am] Mitch K: watching SEE for bottom [07:09 am] skydiver : wouldnt hurt my feelings Ed if you did :)[07:23 am] Mitch K: looking for 66.35 area on CSTR short [07:09 am] qwert : okay :)))[07:23 am] Mitch K: you guys out of GTI , wasnt big mover but [07:10 am] eyes : ED what was your entrylow priced stock is deceptive, was a 2% move [07:10 am] jsn13 : ed and qwert, which bar do u guys take SSYS[07:25 am] Mitch K: AMRN toppy for 2nd short short?[07:25 am] Mitch K: consider selling most o fM long [07:10 am] apple : your work is cut out for you... that would be quite[07:29 am] Mitch K: watching APOL for bottom again fantastic tho[07:30 am] Mitch K: you could take the profits on this next [07:10 am] apple : SPY hodbottom, that works too [07:10 am] doji : SPY new hod.... any news from Europe?[07:30 am] Mitch K: watching AMRN to see if goes to new lows [07:11 am] mikewd2 -: WPRT signs deal with GMbelow 14.20 area, will take awhile if it does get there. [07:12 am] apple : doji we think alike![07:31 am] Mitch K: watching QSII for multiple trades [07:12 am] doji : UA heading to close the gap[07:35 am] Mitch K: should be ready in a few weeks eyes, going [07:13 am] doji : aggg missed the short in LENto be really fabulous [07:14 am] joeytsa : tight range,hearv vol on ES past 5 minutes[07:42 am] Ed : SPY breaking down from tight range [07:15 am] skydiver : family calls from Colorado Springs and those[07:54 am] Mitch K: watching FMCN fires side tracked me this morning. MJissed CRM L[07:55 am] Mitch K: monitoring MKC [07:15 am] joeytsa : CO is a mess[08:04 am] Mitch K: watching BVSN [07:15 am] joeytsa : prayers out to all there[08:08 am] Ed : monitoring LULU fo potential long no rush [07:15 am] khall : they are safe tho right sky?[08:22 am] Mitch K: watching CMI for bottom [07:15 am] skydiver : family reunion there in 2 weeks or so -- many[08:29 am] Mitch K: CMI bottoming evacuated Flying W ranch burned down last nite -- praying for all[08:31 am] Ed : placing stop last 1/2 LULU long at breakeven [07:16 am] skydiver : yes - safe -[08:31 am] Ed : reducing 1/2 LULU long plus .30 to get ahead of [07:16 am] doji : Watching AMRNtrad [07:16 am] joeytsa : saw that, air force acadmy evacuated[08:35 am] Mitch K: watching LNCR [07:16 am] qwert : me to doji amrn[08:41 am] Mitch K: CMI at top [07:18 am] doji : ARNA down 3%.... hummm[09:02 am] Ed : reducing 1/4 of LULU long [07:27 am] murano : APOL[09:02 am] Ed : reducing 1/4 of LULU long [07:27 am] doji : 3min for oil inventoires relase; oil stocks moving....[09:37 am] Mitch K: watching LIFE someone must know something[09:40 am] Ed : ARNA haltd news pending [07:27 am] doji : or just the market maker placing their traps?[09:52 am] Ed : per FDA [07:28 am] joeytsa : you never know doji[09:52 am] Ed : 1st weght loss drug approved in 13years ARNA [07:30 am] mikewd2 -: loving ORLY today 5 very successful long[09:53 am] Ed : this is why VVUS is up they should do even playsbetter [07:31 am] skydiver : Great job mike !!! :)[09:55 am] Ed : OREX also moving on the news of ARNA, lower [07:31 am] joeytsa : nice mikepriced though [07:31 am] apple : excellent mike[10:10 am] Mitch K: consider covering LNCR short [07:31 am] Mitch K: nice work mike, AAP and GPC are auto parts[10:18 am] Ed : SPY consolidating at highs related, also bouncing sharply[10:40 am] Ed : 5 minutes for opening of ARNA [07:31 am] eyes : so when is the indicator going to be finished[10:50 am] Mitch K: watching AGP [07:32 am] qwert : FDO at ld[10:54 am] Ed : more selling in SPY [07:32 am] qwert : ld= lod[11:09 am] Ed : monitoring ULTA for long no rush [07:32 am] eddy : ARNA Moving[11:16 am] Mitch K: watching AAP for short [07:36 am] khall : I cant wait!!![11:21 am] Mitch K: AAP toppy [07:36 am] eyes : awesome[11:30 am] Mitch K: monitoring TIF [07:38 am] victor51 : HZNP moving. Dangerous but nice ride so far[11:30 am] Ed : will pass on ULTA, [07:40 am] joeytsa : Crude inv came in at -0.1M, -0.5M forecast,[11:46 am] Ed : SPY trading in small range 2.9M last[12:00 pm] Mitch K: TIF turning up [07:41 am] qwert : FDO new lod[12:08 pm] Mitch K: monitoring LNCR again [07:45 am] qwert : ua at lod[12:11 pm] Mitch K: watching LIVE [07:46 am] eyes : ED What candle you get in on ssys[12:13 pm] Ed : nice breakout in SPY from tight range [07:51 am] victor51 : hanks Mitch HZNP Holding 1/3[12:20 pm] Ed : watch AKS @ near 6.24, has natural resistance [07:52 am] skydiver : time is up for me. . see you all tomorrow in theat 6 also morning :) decent day[12:25 pm] Ed : if u took AKS short would cover [07:53 am] khall : bye sky :-)[12:27 pm] Mitch K: LIVE and LNCR getting toppy [07:54 am] apple : have a great day sky[12:37 pm] Ed : OSRI alert [07:55 am] qwert : bye sky[12:52 pm] Ed : getting pullback in SPY [07:57 am] eyes : qwert did you get the setup[12:52 pm] Ed : looking for 19.59 final 1/4 short BBY [07:58 am] jsn13 : VECO 2nd helping short watch[12:53 pm] Mitch K: SUPN toppy [07:58 am] qwert : which setup eyes[12:55 pm] Mitch K: unless you dont care about making more [07:58 am] eyes : the computermoney [07:59 am] qwert : oh no not yet still researching[12:55 pm] Mitch K: make sure you track LNCR tomorrow, going [08:00 am] eyes : well i am going back to Utah tommorow will beto be good trades on it able to trade again on monday[12:55 pm] Mitch K: good job Eddy money [08:00 am] Ed : sounds great[12:55 pm] Ed : out all BBY short [08:00 am] qwert : awesome eyes[12:57 pm] Mitch K: behave yourself apple, dont do anything i [08:00 am] qwert : u mean u dont want to trade off your phone :) 6
  7. 7. wouldnt do [08:01 am] eyes : nope[12:59 pm] Ed : have great evening [08:02 am] eyes : i have a laptop but it is not the same[01:00 pm] Mitch K: good trading day everyone, have a great [08:03 am] eyes : I need My battle Station LOLevening [08:03 am] jsn13 : Ed, may i know which bar did u enter SSYS[01:02 pm] Mitch K: later guys, be good short?[01:02 pm] Ed : have great evening tradrs [08:03 am] Ed : soon as get chance scanning[01:03 pm] Mitch K: exercise, eat good, sleep a lot and study [08:04 am] qwert : yeah i know i will trade off laptop next week [08:05 am] eyes : veco made new high [08:05 am] eyes : any thoughts [08:09 am] eyes : Ed any thoughts on VECO [08:09 am] Ed : on veco would like a move closer to 34 ish area before considering short [08:11 am] eyes : thanks [08:12 am] eyes : i was looking at the 3 min 3% move strait up [08:15 am] qwert : Ed are you long lulu [08:24 am] eyes : are you qwert [08:25 am] qwert : yeah small position at 62.05 [08:25 am] qwert : dont like the sideways action [08:26 am] eyes : how did you get that price [08:26 am] jsn13 : opening of the 11.12 bar eyes... [08:26 am] qwert : had limit order [08:27 am] jsn13 : signal is a hammer right above 62 potential support.. [08:27 am] jsn13 : qwert, where did u enter SSYS short? [08:28 am] qwert : 49.98 9:59 bar small position [08:28 am] Ed : yes qwert very small position also [08:28 am] qwert : be nice if lulu get some traction [08:29 am] jsn13 : beside the peak volume bar hitting the potential resistance, we have no candlestick signal right? thats y u go small? [08:30 am] qwert : yes jason mostly based on trading action [08:30 am] doji : Is that for LULU Ed? [08:30 am] qwert : at least for me [08:31 am] Ed : yes [08:32 am] victor51 : Ed, How did you select 34 for veco short. Is it yesterdays high? [08:32 am] jsn13 : ok i see....something like eds yesterday trade on BBY....gotcha..... [08:32 am] Ed : oops meant the 33ish area [08:33 am] Ed : i have gone number crazy, LOL [08:33 am] eyes : Ed what price you get LULU [08:33 am] murano : ROST [08:34 am] qwert : nice murano rost [08:34 am] apple : thx murano [08:35 am] doji : FSLR [08:35 am] doji : LNCR break out [08:37 am] Ed : 62.05 [08:38 am] eyes : you guys are good I thought we are suppost to wait for confirmation [08:38 am] Ed : i had confirmation [08:39 am] qwert : news on lncr? [08:39 am] eyes : i realized the hammer was i wait for the end of first green candle [08:39 am] doji : Takeover chatter [08:42 am] doji : Linde may take LNCR [08:42 am] doji : Financial Times news [08:44 am] doji : Bid is for $40/share so be careful [08:44 am] doji : too many details [08:49 am] doji : LNCR consolidating in 1min chart [08:49 am] apple : wow LNCR very nice [08:51 am] jsn13 : Apple did u take it long at the breakout? [08:52 am] apple : no jsn, i would have tho, i had to step away for my son [08:54 am] jsn13 : ok if u were to take it, where would be ur entry and stop? [08:56 am] gregsemple2003 : I just rejoined the room, I remember from one of the chat logs that Mitch was talking about a new custom 7
  8. 8. indicator for NinjaTrader? Could someone tell me how to get startedwith that?[08:57 am] apple : not out yet greg -- MK will announce when it isavailable[08:57 am] gregsemple2003 : ah ok, ty apple[08:59 am] victor51 : Mitch, LNCR was even hotter than HZNP. Isthat stock always volatile?[09:00 am] eyes : please post thoughts on lncr[09:02 am] gregsemple2003 : the CCI is new to me, i watchedmitchs videos with the MACD and stochastics to identify entries...how to identify entries with the CCI/volume?[09:04 am] Ed : needs to break out of this range eyes[09:05 am] doji : Back I missed the whole run in SLB....agggh[09:05 am] apple : jsn, if looked at LNCR chart when MK alerted. on1 min and you were ready to make a decision, there was inc. vol at9:36, :37, I would have entered on that 9:36 or 9:37 candle, rangeon 1st 26.54-37[09:05 am] apple : doji there will be another...[09:05 am] doji : Oil gaping up[09:07 am] apple : jsn, one potential target would be at 28.21 whichon daily is where it gapped down and the range for that day was28.21-29.03 which could have been another target[09:07 am] apple : which is where it began to consolidate[09:07 am] eyes : i am out -34[09:08 am] doji : Missed ORLY long also[09:08 am] apple : there will be more...[09:09 am] doji : Not my day definetely....multitasking is not helping[09:10 am] apple : just sit back, then, relax and observe[09:10 am] doji : hahahaha...[09:10 am] eyes : that makes two of us Doji[09:10 am] jsn13 : thanks apple nice explanation...[09:10 am] apple : u r welcome jsn[09:11 am] jsn13 : ur stop would be?[09:11 am] eyes : See you all monday Good Luck to all[09:11 am] doji : I think Ill follow shark advise: trade options....notneed to stick my face on the screen the entire day[09:12 am] apple : better off doji for now, otherwise too intense[09:12 am] apple : buy eyes, have a great weekend, glad you areback in the saddle again[09:13 am] doji : LNKD spike in price and volume[09:14 am] apple : thx doji[09:16 am] apple : greg, the CCI acts like a bollinger band[09:18 am] gregsemple2003 : ok, so basically read it to seeconsolidations[09:20 am] gregsemple2003 : i mean, times where the market isquiet then starts to head in a certain direction?[09:20 am] gregsemple2003 : thx for answering n00b questions btw:)[09:22 am] Ed : also good for detecting divergenceoverbought/oversold, good for reversals[09:22 am] apple : agree[09:22 am] gregsemple2003 : ah, gotcha thanks[09:24 am] apple : confirmation, on TS it colors the dips to indicatea change[09:26 am] jsn13 : LNKD breakout[09:27 am] apple : MK do you think CMEDY is a BS candidate[09:28 am] apple : thx jsn[09:29 am] Ed : thx jason forgot all about it[09:30 am] jsn13 : Juz out half +47 cents...still have half...stop at BEat 107.32 entered late....[09:31 am] apple : good job jsn[09:32 am] apple : thx E, makes the pic clear[09:32 am] Ed : thats what I was looking at yesterday when Imentioned 107.21 area[09:33 am] jsn13 : SPY not helping much....but still gonna leave mystop at BE....yup got that from u ed....8
  9. 9. [09:33 am] Ed : FB has not gotten there yet[09:33 am] jsn13 : still saw it late....and juz got stopped out...[09:34 am] jsn13 : ed, how would u have handle it?[09:35 am] Ed : handle it just like u would a short, meaning when urlong look for same signs if u were going to take it short[09:35 am] apple : jsn, i thought you waiting for the short...[09:36 am] jsn13 : i got the breakout....so did not want to shortit....so u guys took it short instead?[09:36 am] Ed : this is area lookn at for FB, clean breakout with volover green horizontal line next days[09:37 am] apple : thx E[09:37 am] doji : Missed that Ed on FB[09:37 am] doji : Can you repeat please?[09:37 am] apple : MK, how is life treating you?[09:38 am] Ed : I like odds on LNKD breakout[09:38 am] apple : doji, he is looking for a break about 33.50[09:38 am] doji : ok[09:38 am] apple : above[09:38 am] jsn13 : Ed, so ur entry would be around the smae forLNKD long?[09:39 am] Ed : 107.21 on breakout[09:39 am] jsn13 : then u wont short it right?[09:40 am] Ed : its also 1st attempt in 15 days so worth watchingsee if arrea up hear holds[09:40 am] qwert : LNCR new hod[09:40 am] apple : LNCR still moving...[09:40 am] apple : qwert, we think alike[09:40 am] Ed : no I would not short it[09:40 am] qwert : :0[09:40 am] jsn13 : ok thanks ed.....[09:41 am] Ed : does not mean wont provide money on short, but Iprefer long[09:41 am] apple : thx E[09:41 am] apple : its pretty scrong[09:41 am] eddy : this must be the FDA decision[09:42 am] eddy : we need to e on top of this news on arna[09:42 am] jsn13 : me either.....thanks....try not to fight the trend...[09:42 am] eddy : whoever knows something shout [plesase[09:42 am] Ed : "My Man" eddy, I said that in my Denzel Washingtonvoice[09:42 am] apple : lol, i heard you[09:43 am] doji : I though I was "you man" Ed.... hahaha[09:43 am] eddy : lol[09:43 am] Ed : lol[09:43 am] apple : he has many men...[09:44 am] apple : a whole army[09:44 am] doji : hahaha[09:44 am] eddy : no shares to short on ARNA better have fdaaproval so we long :)[09:45 am] apple : thats what i was "hoping" for...[09:45 am] doji : You will have to be very quick to catch it...[09:45 am] jsn13 : wow LNCR another breakout above 31....crazyscrong....[09:46 am] eddy : if they have fda aproval ARNA will get min 30%gain[09:47 am] doji : SPY almost 1%...[09:48 am] Ed : LNCR/ESRX anticipation of ruling from supremecourt[09:48 am] Ed : ???[09:48 am] apple : thx E[09:49 am] cdougan : gotta run, Have a great day traders. Andthanks for the great calls[09:49 am] Ed : it was quesiton, I think LNCR is an Obamabeneficiary along with ESRX and UNH[09:49 am] apple : bye cd[09:49 am] apple : have fun9
  10. 10. [09:49 am] Ed : c ys cdougan[09:50 am] khall : I think UNH is more managed care, so would behelped if the law is struck down[09:50 am] cdougan : take care[09:50 am] Ed : interesitng just reading report also says UNH,ESRXwould benefit per Cramer[09:50 am] Ed : we shall see[09:51 am] apple : haha[09:51 am] Ed : thats why Khall and Cramer get paid the big $$$$$$[09:51 am] apple : lol[09:51 am] khall : LOL - yeah, right[09:51 am] apple : look at VVUS[09:51 am] doji : LCR just crazy[09:52 am] doji : LNCR[09:52 am] apple : now that was a great one![09:54 am] eddy : anyone took vvus i just watched[09:54 am] apple : i am waiting for ARNA[09:55 am] eddy : me 2[09:55 am] khall : me too[09:57 am] eddy : arna will get halted if it gains 10 % in 5 mns[10:03 am] doji : Why is VVUS moving is its supposed to do evenbetter than ARNA?[10:03 am] doji : down[10:03 am] apple : thx E bought some OREX akready moved .50[10:03 am] Ed : VVUS trials were much better than ARNA[10:04 am] doji : has dropped $1 fro his peak already[10:04 am] Ed : Also, Im sure as a hedge due to folks who shortARNA, went long VVUS/OREX to soften the blow[10:06 am] eddy : surprisin that arna is still halted[10:06 am] Ed : not saying they did, but it would be a good hedge ifu were short on ARNA[10:07 am] jsn13 : apple where did u went long on OREX?[10:08 am] apple : just after E mentioned it -- got it at 4.56[10:08 am] doji : Jason, as long as the news on ARNA was releasedfor sure[10:08 am] doji : as soon as[10:09 am] jsn13 : apple, enter at the break of hod?[10:09 am] jsn13 : doji what do u mean?[10:10 am] doji : You mean that OREX will benefit from ARNAsapproval so you should have gone long as soon as the news werereleased[10:10 am] doji : forget about your indicators[10:10 am] apple : truly i was quick, got when i could after Ementioned it[10:11 am] jsn13 : ok thanks apple and doji....undersatnd....[10:13 am] apple : there was a nice little pullback there[10:14 am] chinhngo : IF ARNA APPROVED SO WHAT IS EXPECTHIGH PRICE? THANK[10:14 am] apple : yes[10:14 am] apple : it would be positive news[10:15 am] chinhngo : HOW HIGH ARNA CAN REACH[10:17 am] apple : what do you think? its most recent high before itdropped was about 12[10:18 am] Ed : depends on many factors and its anyones guess[10:18 am] apple : agree[10:18 am] doji : Is that a bad tick in LNCR?[10:18 am] apple : been consolidating since noon[10:19 am] Ed : yes its bad tick[10:19 am] apple : nice drop on LNCR[10:28 am] eddy : Is normal?ARNA still halted?[10:30 am] khall : it will resume at 1:45 eastern[10:30 am] apple : thx, khall... have been waiting and waiting[10:30 am] khall : me too - they announced it on CNBC[10:32 am] eddy : in one hour khal?[10:34 am] eddy : hello anyone?[10:34 am] eddy : 1 45 eastern is in one hour?10
  11. 11. [10:34 am] Ed : 11 minutes[10:34 am] apple : no in about 11 min[10:34 am] eddy : ok[10:35 am] doji : How do you hadnle this trade? Do you just placeyour limit orders at several levels so you get filled?[10:35 am] doji : or just wait until the tarde resumes and place your"market" order[10:35 am] doji : Ed, Joey?[10:35 am] apple : eddy eastern EST time is 3 hours ahead of thePST time posted in the chatroom[10:37 am] Ed : different for everyone but I prefer to observe theaction, and see if price will come to me, be it for long/short helpscreate relaxed state[10:38 am] eddy : i will just buy market[10:38 am] apple : wait for a pullback, E?[10:38 am] doji : The only concern is my connectivity... I may beright on the direction and price but with this connectivvity it will behard to be filled... well see[10:38 am] apple : then put in a limit order if you feel you need to[10:39 am] Ed : pulllback or consolidation[10:39 am] Ed : Like LNCR, it offered different spots to long withoutchasing[10:39 am] doji : That is my plan... just want to get your inputwithout giving you a pre-conceibed idea[10:40 am] Ed : great to see how others do the do[10:40 am] apple : haha, different strokes for different folks[10:41 am] apple : this like waiting to see a race..[10:41 am] Ed : oops I need to get my ticket[10:41 am] apple : haha[10:44 am] apple : nice 1 pt move on OREX, thix E[10:45 am] apple : like a bat outa hell[10:45 am] doji : ARNA Halted?[10:46 am] apple : just shot out of a canon... need to wait now[10:46 am] doji : Nope[10:46 am] khall : geez[10:46 am] apple : E is the wise man...[10:49 am] apple : all that anticipation....[10:53 am] doji : Keep in mind that ARNA was only 1.92 lastOctober[10:54 am] doji : perhaps most of the FDA approval is alreadypriced[10:55 am] apple : probably[10:55 am] jsn13 : ed, could u share with us how u trade ARNA if udo...thanks....[10:55 am] apple : jsn, he mentioned earlier to wait for a pullback orconsolidation which is what it appears to be doing right now[10:57 am] jsn13 : ok thanks....[10:57 am] jsn13 : thats what i was thinking....[10:57 am] jsn13 : opening of the bar after doji....[10:58 am] apple : didnt end up taking it[10:58 am] jsn13 : u took it ed?[10:58 am] Ed : ye small position[10:58 am] eddy : wat price ed[10:58 am] doji : What is your price Ed?[10:58 am] eddy : im long 12.04[10:58 am] jsn13 : ok....thanks....[10:58 am] eddy : where do i place stop?[10:58 am] Ed : 11.61[10:59 am] Ed : out at 11.93[10:59 am] apple : good for you E[10:59 am] apple : i am waiting for a bigger drop at this point[10:59 am] doji : Me too Apple[10:59 am] Ed : I was too, but sometimes when I see certain things Igo automatice[10:59 am] doji : Lookiging at the tick charts give a clearer picture[11:00 am] Ed : autmatic11
  12. 12. [11:00 am] apple : and if it doesnt happen - NEXT![11:00 am] jsn13 : or a breakout if there is above 12 afterconsolidation?[11:00 am] doji : Volume has dried out[11:00 am] Ed : it is an advance trade though, one can lose or gainmoney quickly[11:00 am] apple : like i said, next!!!![11:01 am] eddy : i lost my shit in thiis trade[11:01 am] eddy : shirt[11:01 am] jsn13 : i will juz watch wont take it....[11:01 am] Ed : its an advanced trade if ur not use to best to nottrade them at all[11:01 am] apple : watching ULTA[11:01 am] Ed : hope u trade it small eddy[11:02 am] eddy : no huge[11:02 am] aussie123 : Darn...never thought of it...but the smartplay mzy have been to short weight watchers???[11:02 am] Ed : case in point I am use to trading them and I still takesmall position on those FYI[11:02 am] apple : oh, eddy, you will have to learn the hard way....[11:02 am] apple : nice one, aussie[11:02 am] Ed : smaller than my normal position[11:03 am] doji : I got filled at 11.34.... trading my stop however[11:03 am] doji : just above the previous pivotlow....[11:03 am] qwert : nice doji[11:03 am] apple : how can you get smaller than 1?[11:03 am] apple : lol[11:04 am] apple : good one doji[11:04 am] qwert : hahaha[11:04 am] Ed : .543210[11:04 am] qwert : 1/2 share[11:04 am] apple : haha.....[11:04 am] Ed : right[11:04 am] doji : hahaah[11:05 am] doji : Now I just need to follow Apple advise: watch andrelax...[11:06 am] Ed : thought she said relax and watch[11:06 am] doji : I like both ways... hahah[11:06 am] apple : nice trend up on AAP today[11:06 am] Ed : :) j[11:07 am] apple : nice trend up onAAP today[11:07 am] doji : ESRX[11:07 am] doji : UNH reversed also[11:07 am] doji : same with ULTA[11:08 am] doji : Just moved my stop above breakeven... Ill keep ituntil before the market closes[11:09 am] doji : ARNA on conference call[11:10 am] doji : Nice rebound on LNCR, it held 30[11:11 am] apple : very nice[11:18 am] khall : Falcone charged with securities fraud by SEC[11:18 am] eddy : ed tell me something .if arna was halted how cudit have been so high after the halt.who cud have bought?[11:19 am] khall : eddy, probably some high frequency trader workgoing on there[11:19 am] doji : The market makers move the bid/ask prices at itsown discretion Ill guess[11:19 am] doji : and then traders who place order at certain levelsgot filled[11:20 am] eddy : orex[11:20 am] eddy : going down[11:33 am] doji : What is going on with MNST?[11:33 am] doji : same as ORLY?[11:34 am] Ed : little sick[11:34 am] gub : cmg lost a lot today also.[11:34 am] doji : Little? That is a lost of over 5%[11:35 am] Ed : alright lot sick12
  13. 13. [11:35 am] doji : well, not as much as ORLY although[11:35 am] doji : hahahaah, Ed, you are "the man"...[11:35 am] Ed : lol[11:35 am] gub : people are getting tired of Mexican food I guess.[11:35 am] doji : You must be Peruvian[11:35 am] Ed : in my 2nd life I was[11:42 am] apple : ULTA looks like it was sleeping....[11:47 am] khall : I was just going to comment on that apple[11:48 am] apple : i had lost my connection - but we think alike khall[11:49 am] Ed : beautiful minds think alike[11:49 am] khall : awww - arent you sweet?[11:49 am] apple : lol, you got that right, my friend[11:49 am] apple : he is[11:53 am] apple : CMEDY went from 8.20 to 11.27 today[11:55 am] apple : PANL also had a nide 2.5 pt move[11:56 am] mikewd2 -: ty apple[11:57 am] apple : SUPN is below its open at 12.56[11:57 am] apple : MNST making a nice move[11:59 am] joeytsa : nice rebound apple[11:59 am] mikewd2 -: hows TS going for you Joey[12:00 pm] joeytsa : i keep switching things around hahah[12:00 pm] joeytsa : wish i had 12 monitors :)[12:00 pm] apple : about a point, not bad for this time[12:00 pm] mikewd2 -: good - get it right[12:00 pm] sakii : PANL moving[12:00 pm] joeytsa : a few things i cant find on TS i will uselightspeed and madscan for...[12:01 pm] joeytsa : so resizing things, moving things aroud themonitors[12:01 pm] doji : MNST nice 1 point move[12:01 pm] apple : you still have LS?[12:01 pm] joeytsa : yeah[12:01 pm] apple : I am still getting used to TS, like it much better[12:01 pm] joeytsa : lightspeed links to madscan, when i see aquick mover, i can dbl click to load an ls chart..see if its worth it[12:02 pm] apple : now ARNA is dropping, near where it openedrecently?[12:02 pm] joeytsa : CNC quick spike[12:02 pm] apple : i know. i did like the risers and fallers on LS andmadscan too[12:02 pm] joeytsa : 60-70 cents[12:02 pm] joeytsa : yeah, worth keeping it just for that[12:03 pm] mikewd2 -: UVXY hod[12:03 pm] apple : i closed my account...[12:04 pm] joeytsa : plus wth lightspeed, it tells you the short statusof the stock[12:04 pm] joeytsa : in the mm window[12:05 pm] apple : right, liked that as well[12:05 pm] joeytsa : plus if TS doesnt have shares to short, i stillhave LS as a backup[12:06 pm] joeytsa : havent really dug into the TShotlists/radarscreen, but seems like madscan blows them both away[12:06 pm] Ed : was a nice move in MNST dont know if mentioned italthough put chart up[12:07 pm] apple : thx, E, almost quittin time...[12:07 pm] jsn13 : ed, where were ur entries on PANL and MNST?[12:08 pm] Ed : 77.72 and 35.11[12:08 pm] jsn13 : 2.34pm on MNST?[12:08 pm] jsn13 : 77 or 70.72?[12:08 pm] Ed : not sure i removed the charts[12:09 pm] jsn13 : no prob....[12:09 pm] Ed : must be 70.72[12:09 pm] jsn13 : thanks...[12:10 pm] jsn13 : if can may i know the time later? thanks...forpanla nd mnst...[12:10 pm] Ed : k13
  14. 14. [12:10 pm] jsn13 : *panl[12:10 pm] Ed : lnap*[12:10 pm] jsn13 : haha[12:11 pm] apple : pay attention[12:11 pm] jsn13 : aple, besides tarding, do u have other job?[12:11 pm] Ed : yes MISS Apple, notice I used Miss since ur sooyoung[12:11 pm] apple : that ULTA was a slow mover but it did move[12:12 pm] khall : yes, and its still going![12:12 pm] Ed : did not have patience to wait for that one to setup[12:13 pm] doji : SPY moving[12:13 pm] doji : New?[12:13 pm] doji : News?[12:14 pm] Ed : have not heard anything[12:17 pm] apple : AKS littlle stock moving[12:18 pm] doji : Two days already the SPY has moved up....[12:20 pm] apple : thx[12:21 pm] khall : wow apple - are you in ULTA? Thanks for theheads up on this[12:22 pm] doji : SPY approcahing hod[12:23 pm] apple : up about a point khall, pretty good[12:23 pm] khall : yes, me too![12:30 pm] mikewd2 -: WFT hod[12:30 pm] apple : thx mike[12:32 pm] apple : SLD moving today[12:33 pm] victor51 : Lisa are you there[12:33 pm] mikewd2 -: did u mean SLB, apple?[12:33 pm] khall : victor, she has family in town and I think left[12:34 pm] apple : CAB broke out today[12:34 pm] apple : SHLD, mike[12:34 pm] apple : she did khall, you are right[12:35 pm] victor51 : thanks Khall[12:35 pm] khall : welcome[12:35 pm] apple : SLB had a nice day as well, broke out on daily[12:36 pm] mikewd2 -: doji must be working today[12:36 pm] victor51 : Would like to hear your experinceif you tradefrom chats on TS[12:36 pm] victor51 : I mean charts[12:37 pm] mikewd2 -: bought AGQwith plans to swing this morning- not looking for hugh profits[12:38 pm] mikewd2 -: OSIR[12:40 pm] doji : Mike, are you still heavy on oil stocks?[12:41 pm] joeytsa : victor, im working on chart trading with TS nowactually[12:41 pm] mikewd2 -: yes but took some profits on some FST today[12:41 pm] joeytsa : seems to work a lot like ninjatraders charttrading[12:42 pm] mikewd2 -: i bought alot of FST down in the 6.3-6.5areaand now selling as it moves over 7[12:42 pm] doji : Good because the party wont last long[12:44 pm] apple : nice mike[12:45 pm] apple : how do you like it, joey. havent tried it yet[12:45 pm] joeytsa : so far seems cool, just getting used to things[12:45 pm] mikewd2 -: u still sim trading joey?[12:46 pm] joeytsa : need to set up the oco/oso with it[12:46 pm] apple : have you used optionstation?[12:46 pm] joeytsa : yeah mike[12:46 pm] joeytsa : getting used to the chart trading, use ctrl forbuys, alt for sells with the left cl[12:47 pm] joeytsa : quick trade bar is kind of cool also[12:47 pm] mikewd2 -: i liked the quicktrade bar when you showedme yesterday[12:47 pm] mikewd2 -: although didnt use it today[12:48 pm] joeytsa : i havent yet either, but its SOOO much easierto see the spread[12:49 pm] joeytsa : fyi : when you place a trade with the Quick14
  15. 15. Trade Bar it shows up on the matrix [12:50 pm] mikewd2 -: TIF finaly moving after i dumped long for small gain [12:50 pm] mikewd2 -: getting some vol [12:51 pm] joeytsa : MNST nice couple moves the past hour or so [12:51 pm] doji : Too late on the day althought... keep on the watch list for tomorrow [12:51 pm] qwert : same here mike on tif [12:51 pm] apple : is the quick trade the regular one at the top, or is it something different [12:51 pm] joeytsa : quick trade, right click, go to create..its in there [12:51 pm] apple : thx [12:52 pm] joeytsa : easier to see bid/ask...i didnt subscribe to for market depth, did anyone here? [12:53 pm] Ed : no thats why i have u guys/gals [12:53 pm] apple : haha [12:53 pm] doji : Good night fellas... hope I can connect for the first hour in the morning.... have tons of work to do [12:53 pm] joeytsa : haha, maybe the matrix can fill in some info? [12:54 pm] apple : cool joey, will play with it later [12:54 pm] jsn13 : ed, can i know bout ur entry time for PANL and MNST earlier? [12:54 pm] apple : have fun working, doji! [12:54 pm] joeytsa : bye doji [12:55 pm] apple : we will thx MK have a great evening [12:55 pm] Ed : 2:34 on mnst and 3:02 panl [12:56 pm] joeytsa : thanks Mitch [12:56 pm] qwert : bye everybody wow awesome calls today thx cya in the am [12:56 pm] Ed : c ya qwert [12:56 pm] jsn13 : thanks alot ed.... [12:56 pm] apple : thx MK, E and everyone. have a fun evening. see you tomorrow [12:56 pm] Ed : c ya apple [12:57 pm] khall : bye guys [12:57 pm] apple : bye khall [12:57 pm] Ed : c ya kkkkkhall [12:57 pm] apple : go to music class this evening.... [12:57 pm] joeytsa : what music class apple? [12:58 pm] apple : robert, last of the season, piano and guitar... [12:58 pm] Ed : piccolo class [12:58 pm] apple : he also plays the recorder [12:58 pm] joeytsa : nice [12:59 pm] mikewd2 -: out UVXY 12.05 [12:59 pm] apple : now, if i could only get him to practice -- he is quite good and memorizes everything [12:59 pm] Ed : nice [12:59 pm] apple : good one mike [12:59 pm] mikewd2 -: +0.35 [12:59 pm] joeytsa : its all about practice [01:00 pm] apple : i need to remember to set alerts [01:00 pm] joeytsa : bye Ed [01:00 pm] mikewd2 -: figured it would go one way or the other last 20 mins [01:02 pm] victor51 : Thanks Joey. I think chart will help move quickly. Do you agree? I will be practicing in sim [01:03 pm] joeytsa : i like the click/drag aspect of it [01:03 pm] joeytsa : but matrix does the same thing, just not on the chart [01:03 pm] joeytsa : Thank you Mitch..same to yu [01:03 pm] joeytsa : you [01:03 pm] victor51 : Thanks Mitch, Ed and the whole gangSWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on openinglong position or price sold on short position. Bold notes on table above represent changes from previous day. 15
  16. 16. Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take actionor watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stockideas can be changed at a moment’s notice during any trading day without any warning!IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are generalguidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause achange in opinion before the next evening report is written.Remember not to get too heavy in one sector and gradually move in because it is unrealistic to think we get the exact bottom. We wantto gradually move into this sector and eventually build full size long positions in them that may be swing trades lasting for days orintermediate trades lasting weeks.If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going againstyou. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined2 to 1and then miss the big move up we are looking for in oil and gas stocks.Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higheramount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The mainreasons why people fail to make money in stocks consistently (according to Mitch King): 1. They are too emotional, controlled by greed and fear. 2. Not using a high probability technique to buy and sell (or no technique at all!) 3. Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to learn a good trading technique. 4. Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above.Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buyand wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for.Intermediate and swing trades are really important to have trailing stop losses set.Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t forceanything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting anyintraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentageshould get smaller and smaller to lower your risk.Stop losses: Many people ask about stop losses on intraday trading and my response is that the stops should be wider because theyare stops “just in case” a disaster news event hits the stock. When you follow the technical indicators as I show you on the intradayscalping tutorials, rarely will a stop loss be hit. The indicators can be used with uncanny accuracy as a forecasting tool so don’t setyour stop losses on the intraday scalping too tight.Anyone setting tight stops while scalping will consistently lose money on scalping because stocks move around a lot even though theyfollow the technical indicators.Stop losses on swing and intermediate term trades can be sent anywhere from 5-7-10% and trailing stop losses are best.More thoughts: Keep steady, calm, decisive, aggressive. Have no fear and no greed. Keep looking at what to be doing next in a calmmanner. Don’t focus on the past or beat yourself up what you did or didn’t do or what you should have done. Just keep playing thenext shot, which in this business your next shot could be just sitting on the sideline.If you have been uncomfortable shorting stocks, which most people are, try to learn this technique, it will be a useful tool in the comingyears.When several stocks from the same sector are listed, like from the housing industry or steel industry for example, don’t short all of themunless you are well diversified and it represents a small percentage of your total stock account (in that same account).Also note that we are in what Martin Pring, PhD explains in his book The All-Season Investor, the business cycles and which one isgood for various financial investments. He would describe that we are in Stage II of the business cycle which is positive for bonds andstocks but negative for commodities. Sometime in late 2011, we probably approach Stage 3 business cycle with rising inflation andinterest rates, which are usually bad for stocks and bonds.A couple of technical analysis books you should consider:Technical Analysis Explained, Martin Pring.Technical Analysis from A to Z, AchelisTechnical Analysis for the Financial Markets, John Murphy.Put the odds in your favor and have a great day!Mitch King and staffTradeStocksAmerica.com.Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stocktrading videos, stock trading newsletter, stock market newsletter, 16
  17. 17. Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest toits accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readersare urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports maychange without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stockscited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at thetime of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice.Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as theopportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report,The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing toaccept the risks when investing or trading in any financial markets. Dont trade with money you cant afford to lose. This website isneither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profitsor losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarilyindicative of future results. 17