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Here is our daily Chat today :
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Tom
24/7
Jerry says:
Good morning.
cpatriaw@gmail.com (E-mail address not verified) has been added to the conversation.
arujunaa has been added to the conversation.
BOB has been added to the conversation.
Craig has been added to the conversation.
brad has been added to the conversation.
tcb660 has been added to the conversation.
eddy has been added to the conversation.
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Biegs has been added to the conversation.
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Thomas has been added to the conversation.
Jack has been added to the conversation.
Deanna has been added to the conversation.
Tom says:
Hi
Tom says:
I minute
Tom says:
I will be selling some of the DEC options I have after the stocks get opened
aszager is already in this conversation.
Gary has been added to the conversation.
Tom says:
Gary ...how are you ?
Gary says:
I'm OK...what drives the new this morning?
Tom says:
you are here to see the fall of 1460 SPX cash ..we hope ?
Tom says:
yes you are
Gary says:
I am still concerned about those QQQQ Jan 54 calls.
Gary says:
Not sure what you mean about the fall of 1460?
Tom says:
Like we talked about at the close yesterday we would open up 10 seconds later above 1460
Tom says:
we have been battling 1460 cash and now we have it as support
Tom says:
in 10 seconds
Gary says:
Ahhh...I hope so. Want to stay above that for sure as a sign of strength
Gary says:
I'm watching!
Gary says:
Boom, there it is!
Tom says:
the 4:00pm close to 9:30 open makes all the difference of 10 seconds
Tom says:
but if you don't get in it really hits you ..that just that little time can make prices move up to 100%
Tom says:
especially on DEC options
Tom says:
which I am now OUT OF COMPLETELY
Tom says:
UYG up 7% ..that should make someone happy
gregg says:
morning omt
gregg says:
tom
Tom says:
Hey gregg
gregg says:
i will get out of my dec options!
Tom says:
got a 76.25 print on IWM
Tom says:
Yes I just did at 9:32
Tom says:
Gregg ..great move on timing
Tom says:
those are gutsy calls to make
Tom says:
hope you had faith in them ???
Tom says:
Gregg which ones did you have ????
gregg says:
iwm 76 qqqq 50
Tom says:
FXI is still a BUY ..should rally hard later but premium is up some
Tom says:
Great Gregg ..profits ????
Jack has left the conversation.
Jack has been added to the conversation.
gregg says:
q's yes iwm no
Tom says:
Just a weird timing on those options ..you would think IWM yes and QQQQ no ???
brad says:
xlf fading quickly
Tom says:
Why has that happened over 95% of the time in the last 3 months ??? hits its highs at 8;30 am and never recovers ???
Tom says:
Bear market I guess ..from 37.00 to 28.00
Tom says:
A/d line good
Tom says:
RUT great
Tom says:
Skepticism HIGH
Tom says:
should go up some more
Tom says:
I would just like a solid close above 1462 or so ..wiggle room to shoot for 1470 close Friday
brad says:
imagine with xlf at 29.50 they thought $30 strike in play, closer to 29 no such urgency for delta hedgers
Tom says:
I think the majority of players thought 30.00 would be pinned tomorrow
brad says:
i would wager that i max pain strike
Tom says:
yepper
brad says:
actually $32 is if you can believe that, no chance of that being pinned
Tom says:
nope
brad says:
iwm max pain 80, only would need a 5+% rise to pin. lol
Thomas says:
are we losing 1460??
Tom says:
no
Frank has been added to the conversation.
Tom says:
hi frank
Frank says:
good mornin
Thomas says:
Tom one question
Tom says:
yep
Thomas says:
should the price of Dec futures be equal of the price of March in the day of expiration?
Thomas says:
or on the expiration day :)
Thomas says:
??
Tom says:
not sure ...
brad says:
no thomas, march will be higher due to tvm
Thomas says:
tvm?
brad says:
time value of money
Thomas says:
ok
brad says:
march should be approx $10-10.50 higher than dec
Thomas says:
righ
Thomas says:
right
Gary says:
Is 1460 to much to ask?
brad says:
yesterdays value area high here, a hold here would be great
Thomas says:
Brad you use MarketDelta software?
brad says:
no, tradestation
Thomas says:
Do you know what MarketDelta is?
brad says:
yes
Thomas says:
It has some additional info I guess
brad says:
yes, heard good things about them
Thomas says:
it is market profile in other format
brad says:
i believe market delta offers a market profile, but their namesake is something entirely different, they measure amount of trades taking place on bid or ask and attempt to define overbot/oversold using that criteria
Thomas says:
agree :)
Thomas says:
They really want to close the gap
Thomas says:
:(
Tom says:
still some sellers out there ....good timing on the calls retreat
Tom says:
should turn right back up
Tom says:
10:30 am
Tom says:
the up gaps close recently and the down gaps hold more often ??
gregg says:
ldk down 20% some of those solars are risky bis.
Tom says:
Have you ever seen such a swing in fortune on UYG ...nice 38 minutes of action ???
Thomas says:
Well, today FED took 23 bln off the market
Thomas says:
Why are they doing this?
Thomas says:
aruj?
arujunaa says:
i'm not sure what you mean?
Thomas says:
In temporary market operations
Thomas says:
43 bln matured today and they added only 20 bln
Thomas says:
net is -23 bln
arujunaa says:
it is just a function of daily liquidity needs. there is also another TAF today
Thomas says:
ok
Thomas says:
I'm not sure what they want. They really don't want to people have good christmas :)
brad says:
tom, do you see huge $$ inflows to calls this morning?
Gary says:
Gap pretty much closed. Now can we get on with our day???
Tom says:
1st 1/2 hour big
Tom says:
typical holiday trading ..no one can take control
Thomas says:
I just hate this market
Tom says:
driving Bulls and bears to drink
Tom says:
AZZ 28.25 +0.78 (2.84%)
CHK 38.31 +0.03 (0.08%)
COP 83.88 -0.31 (-0.37%)
FWLT 156.71 +2.10 (1.36%)
GE 36.41 +0.15 (0.41%)
QLD 95.80 -3.95 (-3.96%)
QQQQ 50.33 +0.45 (0.90%)
UWM 59.69 -0.54 (-0.90%)
UYG 40.50 -1.20 (-2.88%)
XLF 28.99 -0.24 (-0.82%)
IWM 75.78 +0.15 (0.20%)
NY 75.68 +0.00 (0.00%
Tom says:
bad print on QLD
aszager is already in this conversation.
Biegs is already in this conversation.
Gary is already in this conversation.
Jerry is already in this conversation.
Mike has been added to the conversation.
Tom says:
hi mike
Mike says:
Sup?
Tom says:
gap up closed
Mike says:
Did we gap down or up? Banks taking it on the nose?
Tom says:
uyg tells it all
Mike says:
This is all due to BSC or what?
Biegs says:
think we can get our 300 point rally now? i am positioned and ready to go
Mike says:
I think all banks have to report first.
Thomas says:
There is more than 220K open interest of put options on SPY
Thomas says:
price 147,148
Thomas says:
Don't they want them to expire worthless?
Thomas says:
???
Gary says:
I must admit I bought a few spy puts right after open. Sold them already though...only a few contracts...I was too chicken to go for it.
Mike says:
RUT is leading again today, but doesn't mean anything lately.
Biegs says:
looks liek YM is pinned at 133300 for rest of the week
Biegs says:
13300
Thomas says:
133k looks better
Biegs says:
heh, yeah i would be ok with that thomas
Gary says:
Did we hit today's bottom at 10:20? Near perfect gap closure?
Biegs says:
hope so gary
Gary says:
Maddening huh? I better walk away so the market will rally. I am sheepishly testing my luck with puts on the open and somewhat near the bottom. Again, just a few positions. Need new tires on my Diesel Jetta and a couple of short turns might lessen the pain.
Gary says:
That was Calls somewhat near the 10:20 bottom...just a bit over even now.
Biegs says:
oh well i don't care anymore. those bastards stopped me out 1 tick below the low of the prev bar
Biegs says:
hoped to turn a scalp into a swing trade. oh well, next time
Gary says:
Lately it seems to be "Cut your winners short and let your loosers run"
Biegs says:
that's my general approach to trading, yes, how did you know?
Gary says:
I'm and expert at it;)!
Biegs says:
maybe we learned from the same school
Gary says:
Didn't I see you in Hard Knocks 101? I had to re-take the class.
Biegs says:
well everyone expected a crazy OpEx week but so far, it's kind of a snoozer
Biegs says:
I haven't taken 101 in year. I'm up to Hard Knock 1001
Gary says:
Yeah, I am on the graduate level class myself. You would think I would learn by now.
Biegs says:
lol
Gary says:
Well buddy, let's figure this out and trade with the trend as they say. I am tired of going against it. Just a matter of timing really. Too hard too soon has been my mantra. Waiting a bit longer would have made all the difference in my huge errors.
Gary says:
Higher highs, higher lows...keep'em coming
Thomas says:
A/D not good
Biegs says:
yeah internals still bearish
Biegs says:
but a quick acceleration in buying could start to turn that around?
Thomas says:
Biegs please buy few blns of stocks :)
Biegs says:
Ok Thomas I'm on it. When price pops, you'll know I just bought ;)
Gary says:
What is really happening vs. what we want to see?
Gary says:
We had a tiny uptrend going but looks like it might be running out of steam. A/D is also telling us that is happening. We want a rally but is that what the market is saying?
Mike says:
RUT needs to get above 75.80 convincingly then above 76.8 to give the bulls some glimmer of hope.
Thomas says:
Where is Tom?
Gary says:
Mike, why those lines in the sand on IWM?
Tom says:
Tom is enjoying the Chat ..resting his fingers !!!!
Thomas says:
And selling stocks :)
Tom says:
trying to be a good boy and not trade
Thomas says:
was it last wash out of longs?
Biegs says:
Bewtween Tuesday and today, I am looking at my best futures trading days in months
Biegs says:
now just need to sit on my hands and not give it back
Gary says:
Thomas...how many last washouts will we have? Maybe when my account goes to zero?
Biegs says:
options and forex are abysmal though, don't want to talk about that!
Mike says:
Gary 75.8 roughly coresponded to levels we bounced off and hit resistance at since Sept.
Gary says:
Geez, is it time for me to buy puts again to try and set a bottom?
Gary says:
Thanks Mike
Mike says:
Nov, I mean
Mike says:
Sorry.
Mike says:
Tom, are we just going to be neutral for a while here?
Thomas says:
Gary you are right
Thomas says:
We have some bias and we see things like we want to see them
Mike says:
Sideways until Jan at least when all the big guys come back from holiday?
Thomas says:
That is why it is so hard
Tom says:
no going at least to new highs by jan exp
Tom says:
skepticism is good
Mike says:
I don't have quite the rosy picture as you do, but let's hope so.
Tom says:
not many do
Thomas says:
Gary maybe buy some puts as hedge
Mike says:
Well in order for a completely new bull, RUT has to go above 79 you think?
Mike says:
IWM
Tom says:
puts don't help in a sideways market ..just loses you more money
Biegs says:
you could sell calls
Tom says:
rut 85
Thomas says:
Tom you have much more staying power :)
Tom says:
thats what she says
Thomas says:
Biegs in a bull?????
Thomas says:
LOL
Thomas says:
Tom please :)
iservasia@gmail.com has been added to the conversation.
Tom says:
sorry
iservasia@gmail.com says:
morning everyone!
Biegs says:
Hmmmmmm, I absolutely cannot call this a bull market
Tom says:
hi iserv
Thomas says:
That was irony Biegs
Tom says:
iserv will get the q's going
Biegs says:
new highs is certainly possible, but a real new run up beyond that, that would surprise me
Thomas says:
I'm bull but start to be mad at the market
Biegs says:
oh maybe i don't understand polish sarcasm?
Thomas says:
I'm sure
iservasia@gmail.com says:
Biegs, I think a market always behaved like this on top or bottom. I think we're on short-term bottom and long-term top (that is if we indeed go into recession)
Thomas says:
And maybe my english is not as good as it should :)
Biegs says:
iserv - makes sense, don't disagree
eddy has left the conversation.
Thomas says:
Tom is reading and having a lot of fun because of us :)
Thomas says:
He treats me as the best contrarian indicator :)
Mike says:
We've bounced off 73 for IWM three times it looks like now.
iservasia@gmail.com says:
Hm... interesting move on SPX
iservasia@gmail.com says:
I think we're trying to form intraday bottom here
iservasia@gmail.com says:
but I've been wrong quite alot lately :P
Thomas says:
iserv why do you think it can be bottom?
iservasia@gmail.com says:
if you see the price action from several days ago
Mike says:
1450 keeps holding recently. Tom you called 1450 as the support now?
eddy has been added to the conversation.
Tom says:
1460 should hold for the week
Thomas says:
for me it is 1447 support
iservasia@gmail.com says:
the market seems to have found a bottom at this hour, and 1450 holding up quite well (I love round numbers because usually the market also loves it LOL)
Thomas says:
A/D line is not doing better
Biegs says:
trin look like its consolidating at highs and wants another run up
iservasia@gmail.com says:
Thomas, again I might be wrong in this :), since I only see the chart action. I'm on GPRS connection which is really slow, can't open much else LOL
Mike says:
A?D line daily Thomas?
Biegs says:
interesting divergence in Nasdaq internals. AD line is negative, but AD volume is still bullish and not turning at this point. anyone do anything with a divergence like that?
Mike says:
Biegs, how does Trin work?
Biegs says:
As trin goes up, price typically goes down
Biegs says:
if trin is flat < .6 or so, that is typically bullish
Biegs says:
flat in the 1.0 area, choppy
Mike says:
So, not a good thing for the market as it goes up
Biegs says:
rising from 1.2 bearish
Biegs says:
right
Biegs says:
on the other hand, trin is basing at highs and not breaking, so you could be contrarian and say you think it will move down
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tcb660 has been added to the conversation.
Mike says:
Banks getting killed.
Biegs says:
tom, does the nasdaq divergence i mentioned mean anything to you?
Tom says:
I like it cause it is telling me growth may be in the cards
Tom says:
I would rather have eco strength now
Tom says:
forget bonds after the dive ..let's get some earnings
Thomas says:
and 1447
Tom says:
commodity prices have peaked and the dollar bottomed
Tom says:
Options Expiration week is a wild card at best ...
Thomas says:
Tom still optimist?
Tom says:
Always but if the A/d line contines like this into 08 1st week ..I will be the first one shorting
Tom says:
we should finish on our highs today
iservasia@gmail.com says:
Tom, I'm just curious, what made you that optimistic today?
Mike says:
Why do you say that? Any reason for us to do so?
Tom says:
Q's highest volume and showing strength ...you noticed I got into QLD and Q's calls after a long layoff ..also got NDX calls for a daytrade Tuesday
Tom says:
Tech leadership is really important as they lead all year then led down ..the combo of RUT /IWM QQQQ strength just tells us we should be at least 2-35 higher by the 1st of the year
Tom says:
the daytraders just need lower prices and options guys love tearing all dec holders out
Tom says:
That is why we had that perfect opening for DEC calls on Tuesday and early yesterday
Tom says:
Puts got scared calls got in ..now calls getting scared puts back in
Tom says:
it is a game for them daily but the short term trend is up
Tom says:
1-5 sessions
Tom says:
75.00 held again today and we should hit 76.00
Tom says:
1460 is still a good goal for the day for daytraders Long
Biegs says:
good analysis, thanks tom
Tom says:
yw
Mike says:
IWM still a good play into 2k8 then?
Frank says:
ttt...did you dump the IWM calls from yesterday?
Frank says:
thomas
Thomas says:
??
Frank says:
do you read Hohn Hussman weekly market comments?
Frank says:
John
Thomas says:
I did but don't do it anymore
Thomas says:
No time for all this reading, why?
Frank says:
read this weeks, great insight into the fed. http://hussmanfunds.com/wmc/wmc071217.htm
Thomas says:
Thanks I will
Mike says:
Tom, you there?
Thomas says:
I remember I liked him
Thomas says:
But I like few others and cannot read everything. But FED is a secret for me so I will read :)
Mike says:
It just keeps getting worse and wrse doesn't it?
Tom says:
Yes Thomas
Tom says:
RIMM anyone
Tom says:
did all our earnings plays do well ???
Tom says:
% up from week ago ??
Frank says:
of all i've read about the fed, he's the best. seems to understand the relationship between their actions. but he's an economist, so sometimes he's in ether land
Thomas says:
Tom what "Yes" ?
Mike says:
Which ones were earning plays?
Tom says:
GS BBY ORCL NKE RIMM CAG
Mike says:
You got ORCL, NKE, RIMM, The rest did poorly .
Frank says:
ttt.you said in email this am "NKE and ORCL doing well from earnings plays". where do you publish these?
Tom says:
Should have gotten the e-mail with the earnings bold underlined
Tom says:
We send out weekly a eanings list and ones I am Long
Tom says:
this week was
Tom says:
NKE ORCL CAG BBY GS RIMM
Frank says:
ad ny 1/2 nas 1.1/1.7
Tom says:
not promising
Tom says:
but News coming out now ???
Mike says:
I paper traded all of those as well as really traded GS. Bad mistake with GS, when will I learn? Investing the same amount into all of those trades resulted in a loss due to GS and bby not doing so hot.
Tom says:
or did it come out ???
Frank says:
news about what?
Tom says:
Mike is that including CAG NKE ORCL ?????
Tom says:
Or just BBY and GS ???
Mike says:
CAG was down too.
Tom says:
My numbers come up a bit different ??
Mike says:
Including NKE and ORCL.
Frank says:
they see santa claus on the radar and homeland security has put the f-16's on stand by!
Mike says:
What just happened?
Tom says:
I think by end of week we can calculate the buy on Monday on those earnings plays and hold til friday and see how it turns out
Tom says:
NKE and ORCL up pretty large
Tom says:
Philly Fed leaked ???
Tom says:
Or just action ??
BOB says:
Tom, what is the dividend on ZF?
Tom says:
10% per annum
Tom says:
2.5% each 1/4
iservasia@gmail.com says:
wow... what was that?
Tom says:
Philly Fed nes ??
Tom says:
news
Mike says:
What news?
Mike says:
Raising interest rates? Cause that would be it, the end.
Tom says:
recession numbers from Philly Fed
Tom says:
flight into Bonds
iservasia@gmail.com says:
Mike - I believe the reaction would be much worse if there really is interest rate hike :) Probably SPX will be down 100 points lol
Tom says:
now 10 year rallying back
iservasia@gmail.com says:
Tom, how's the numbers? Can't really browse here sorry
Tom says:
prices paid down though
Tom says:
recessionary
Tom says:
-5.7 vs +8.0
Tom says:
Philly in recession
Thomas says:
making sense from all this economic numbers is a real art :)
Tom says:
hurts QQQQ
Tom says:
worst
Thomas says:
They hate Santa Claus
Thomas says:
Prefer Grinch
Tom says:
we'll be OK
Tom says:
knee jerk stuff
Thomas says:
They should do what they do the best : make up numbers :)
Tom says:
new orders though tripled in the Philly Fed report ??
Tom says:
Aruj : Are you there ???
Tom says:
Any insight on the Bond reaction
arujunaa says:
sure. hate the number. doesn't makes sense since components hardly ever correspond to headline number.
Tom says:
ten year hit a 3 handle ??
Tom says:
and rebounded
Thomas says:
Aruj they want the reason for 0,75 rate cut tomorrow :)
arujunaa says:
technically we can run a little further in bonds, but i hate the market here. we're tradiung on "need" not valuations
Thomas says:
just kidding
Tom says:
in bonds or stocks or both ???
arujunaa says:
that's the stockmarket's job, isn't it.....????
arujunaa says:
i like buying ES here. am i dumb?
Tom says:
Stocks follow bonds ....are supposed to except into a credit crunch
Tom says:
I am LONG LONG LONG
Tom says:
ES is a buy on all these dips
arujunaa says:
ok
Tom says:
really showing good signs of stabilzation compared to Nov
Mike says:
What are signs of stabilization Tom?
Tom says:
Buyers underneath ...institutions have to BUY pretty soon ..alot if inflows of cash that they will want to spend on any rally
Tom says:
no 400 point drops !!!!
Mike says:
But why wouldn't they use the cash to short rallies if they believe we are in a bear?
Tom says:
1407 -1500 ....I do not think many believe we are in a BEAR market
Tom says:
I think 95% of traders still feel we are in a Bull market
Tom says:
since we just had a 5% GDP print and will have double digit gains in the q's for the year
Tom says:
slowing eco activity and p/e expansion is part of the process
Tom says:
we are getting lower rates ...lower commodities stronger dollar and hopefully higher stock prices from 1410 to here and hopefully higher
Tom says:
the fact that traders do not trust this rally is VERY Bullish
Tom says:
especially for early January
Mike says:
I personally dont quite yet. Nothing seems convincing enough.
Tom says:
never does
Biegs says:
I am currently idle.
Tom says:
have to be able to be a trader in this market
Tom says:
since November ..daytraders are in vogue
Mike says:
Seems that way. Just goes nowhere.
Tom says:
couple of intraday reversals as options folks make those commission with those worthless DEC options
Tom says:
Ithink we are flatlined for the past year right ??
Tom says:
0% gain dollar weighted
Tom says:
spx
Tom says:
as of this a.m.
Tom says:
Q's up nearly 1%
Tom says:
I guess Buying the dips can be profitable ???
Frank says:
should we wait to buy march options until next week?
Tom says:
I think on any selloff for stocks March is great
Tom says:
AZZ mar calls are a steal
Tom says:
kinda like XLF
Frank says:
the volume on AZZ options is so small, that feels like a trap that someone was in with MEI options
Frank says:
the largest open position i see is MAY 30 with 789 open contracts
Mike says:
Small volume and huge spread
Mike says:
Yep sounds like MEI to me.
Frank says:
yeah the mays are 2.60b 4.0a
Mike says:
and it's strange how all the asks are exactly 55 in Feb options.
Tom says:
AZZ is another overlooked midcap
Tom says:
like MEI
Tom says:
IMMR
Mike says:
I will agree that there is a huge potential for breakout to the upside. Rising wedge from beginning of 07 toJune July ish that hasn't been realized
Mike says:
Wait, isn't rising wedge a bearish pattern?
Frank says:
on azz?
Mike says:
Yes.
Tom says:
Recession worries are killing all the cyclicals / retailers ....etc..etc...
Tom says:
3 hrs 20 min + and then 1 day on and 4 off
Tom says:
nice break for everyone
Tom says:
FXI is a BUY still here ????
Tom says:
AZZ
Tom says:
Both down today
brad says:
today looks like more tax loss selling for the dogs of 2007
Tom says:
IMMR
Frank says:
i see a triangle for azz with top in july and the flat bottom in the 24-25 range. i.m going to watch which way it breaks from that and trade it.
Tom says:
Yes Brad ..they continue ..I could have sworn it was over ..but you are right ...alive and well
Tom says:
I guess having the first - a/d line in 5 years will do this ???
brad says:
suppose so long as the calendar says it is 2007, xlf and iwm will be vulnerable. can't imagine any funds want to show either of those pigs on the books for the annual report
Frank says:
ttt...is this typical for next week?
Frank says:
low volume
Frank says:
big boyz on vacation
Frank says:
tax selling done for the most part
Frank says:
certain people getting a jump on new positions for 08
Frank says:
and markets typically up
Frank says:
over
Tom says:
Yes and opex was a coin toss going in so I am actually happy with our performance here ..we get nothing but bad news ..it doesn't stop but we may get ourselves in distance of a run at the highs later next month
Tom says:
1:56 buy before not after !!!!
Tom says:
so buy now
Tom says:
1447.50 cash is a good buy
Frank says:
what month calls for IWM should i buy now?
Tom says:
Index I would BUY FEB ???
Tom says:
Even Jan
Tom says:
if you can trade them
Tom says:
those cheap 75.00's are great
Tom says:
Jan 75.00 calls
Tom says:
I am loving the price action here
Mike says:
Do you still have those Tom?
Tom says:
just need one break on the banks and you'll make a tin of $$$
Tom says:
Yes I still have a lot of the Jan 75.00 calls bought more today
Tom says:
I think we will be at 80.00 on Jan Opex
brad says:
75-80 pretty strong run tom
Tom says:
yes we were almost at 77.00
Frank says:
IOWAW 2.12/2.15
Tom says:
3% move can happen in a day or teo
Tom says:
two ..hopefully we will get this mega short rally that the FED is setting us up for
Tom says:
IOWAW ..do you want to trade them together here >?/??
Frank says:
i'm going to get 20
Tom says:
get some confirms and put in some hard stops ??
Tom says:
let's see if we can get a "stall" in here
Tom says:
to buy the stall after o downtick
Frank says:
2.15 fill
Tom says:
2.14
Frank says:
if my luck continues, i'm now the contrarian. do the opposite of me
Deanna has left the conversation.
Tom says:
FWLT keeps sailing higher
Tom says:
I had to sell some calls there
Deanna has been added to the conversation.
gregg says:
hi guys,i slid in with a 2.14 fill also ,good luck!!
Biegs says:
I am currently idle.
Tom says:
OIH is supposed to grow the most in 08
Tom says:
drillers
Tom says:
Gregg ..good job ...you are good luck !!!
Craig says:
IWM is putting in a bearish engulfing candle at the moment on a gap up. That's not always a good thing. It will need confirmation to prove right.
Tom says:
Well we may need a push from 1;56 buy programs ???
Tom says:
b/a looking much better
Tom says:
100 contracts you could sell at the .15 cent gain ???
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Tom says:
no one buying ...
Tom says:
everyone at lunch ..we will see some fills soon
Biegs says:
I am currently idle.
Tom says:
45 minutes w/o a fill ??
Tom says:
YES !!!!
Tom says:
Jumped in at 2.21
Tom says:
we have a hard stop at 2.05 and sell at 2.75
Tom says:
GOOG and AAPL staying +
Tom says:
everyone have their stops in ..Greeg frank ..anyone else ???
Tom says:
I am out to Lunch til 1;56pm
Tom says:
OK ..everyone alright
Tom says:
Ok CYA ..best to all
Tom says:
short or long
Frank says:
yep
Tom says:
I will move my stop up to 2.10 since I have a lot !!!
gregg says:
stop is in tom,have a goog lunch.
Tom says:
OK ..my new stop 2.10
Tom says:
GOOG is for breakfast AAPL for lunch
gregg says:
good not goog
Tom says:
I am moving my stop up one more time before I eat
Tom says:
stop in at 2.15 cannot lose now ..I would expect you all will do the same
Tom says:
No losing here on this trade
Tom says:
OK
Tom says:
Locked in a B.E. at worst
Tom says:
got $500 at sell now
gregg says:
going in the right direction!!
Tom says:
can't make money much faster ..just have to buy'em 100 at a crack
Tom says:
2.36 sold a few ??
Tom says:
No fill
Tom says:
will wait
Tom says:
tried to grab a quick 4600
Tom says:
$600
Tom says:
wouldn't bite
Tom says:
poo!
Tom says:
Oh well have to wait until 1;56 pm
Mike says:
Thomas, looks like you were closest with that 1447 line. Very nice analysis.
Tom says:
Thomas is a genius
Tom says:
I am going to keep him
Tom says:
we fight alot ..but he deserves all my waking hours with his analysis
Tom says:
ES going well for you ARUJ ???
arujunaa says:
sold 50% here.
Mike says:
RUT is lagging now? Bad sign?
Tom says:
I think ARUJ got in near the ES lows
Tom says:
???? Opex is really hard to tell
Tom says:
Made a little $$$ ARUJ
Tom says:
You are having a good week ??
arujunaa says:
didn't feel good for a long time though
Tom says:
right ..buy when you feel the worst ..I have bought more in the past 52 days than ever ???
Tom says:
more trades ..i usually only trade 1x per day sometime less
Biegs says:
I am currently idle.
arujunaa says:
i'm worried about this 1464 level on sph. we need to leave it behind today.
Mike says:
1464? or 1454?
arujunaa says:
1464 on march e-minis
Mike says:
Ah, I see. Futures stuff. Why do we need to break through that? Have we been bouncing off that for a while?
arujunaa says:
it's just a high volume price on market profile. we're in danger of moving the "longest line" down to 1464 from 1480ish. that would turn the short term bellcurve bearish.
Tom says:
Agreed 100%
Tom says:
Nas is saying that we go higher ..they have led this whole move for 5 years
Tom says:
19-55 I have bought calls options on every strike price
Tom says:
this is the 1st QQQQ options I have played in 2 months +
arujunaa says:
we need a strong close, tom. otherwise i fear the worst.
Tom says:
it is always darkest before the dawn ...
Tom says:
I am getting more bullish as the put buyers start to smell blood
Biegs has left the conversation.
Tom says:
do not think they can knock us down more than 1450 now
Tom says:
Nas just too strong ...
Tom says:
I am a net buyer now after shedding all DEC calls
iservasia@gmail.com says:
But Tom, it's also darkest before it went pitch black :), just messing around. Got that from Elder's book
Tom says:
yes ...I like any play on owrds
gregg says:
maybe on small bullish flag on the 5min on the iwm,just watching and learning.
Tom says:
good sign ..and nice call ..remember yesterday how we got a spike volume on a down tick and a "lull"
Tom says:
perfect daytrade sign
Tom says:
everyone has their own methods ..LUCK is the best
gregg says:
yes sir!!
Tom says:
SMH calls I picked up yesterday are doing better'
Tom says:
Still a BUY Mar
Tom says:
may have put in a major low in SMH
Tom says:
I hope
Tom says:
cranking up soon
Mike has left the conversation.
Tom says:
1:56 pm coming
Tom says:
I like this action
Tom says:
HUGE VOLUME WILL BE SEEN on the OPEN tomorrow
Tom says:
1500 possible Mar futures
Tom says:
1498 anyway
Frank says:
ttt..whats your prediction for dow close today?
Tom says:
I am too busy taking in profits in these straggly options that people are not cooperating with ..this is Hard Work !!!!
Tom says:
Nas up 21
Tom says:
NDX calls did GREAT up 39%
Tom says:
Really happy
iservasia@gmail.com says:
it's a good day Tom :)
Tom says:
cannot lose on any short dated stuff ..except some futures
iservasia@gmail.com says:
it'll be even better if we can close near the higsh of the day
Tom says:
Yes ..QLD and QQQQ calls
Tom says:
we should as the options expiration fears will get some major short covering
Jerry has been added to the conversation.
Tom says:
Hi jerry
Thomas says:
a/D line is not good :(
Tom says:
we should have more VOLUME on the OPEN tomorrow than we have right now !!!!!!!!
Tom says:
IWM fighting like crazy
iservasia@gmail.com says:
why is that Tom?
iservasia@gmail.com says:
short covering?
brad says:
why expecting so much more volume?
Tom says:
Quadruple witching ..we should get .5 billion on the open ..largest since 9/11
gregg says:
higher highs,higher lows
brad says:
lol
Thomas says:
Hope it will be buying volume :)
Tom says:
so many houses undecided and caught
Frank says:
what you think about calls on the VIX right here?
Gary says:
Back for a moment....wow, looks like we have had a bit of a turn around. Maybe I should leave again.
Thomas says:
Tom this research by Legg Mason. Do they use some kind of model or what?
gregg says:
tom are the q's at hod?
Tom says:
I predict a Huge opening tomorrow with more volume than all of today at the open
Tom says:
Yes
Thomas says:
AI?
Tom says:
4 cents off highs on Q's
Thomas says:
Tom Artificial Inteligence ?
Thomas says:
Ok forget it.
Thomas says:
Surely a little secret :)
Tom says:
Made my 1500 bucks on the IWM ???
Tom says:
GREGG and FRANK ....
Frank says:
we are waiting for 2.70 to sell, right?
Tom says:
2.45 shed 25%
Tom says:
I have 100
Tom says:
now 60
Tom says:
I have bills to pay !!!!
Tom says:
going to sell another group here at 2.55
Tom says:
Yee of little faith ???
Tom says:
Making a lot of money
Thomas says:
Nasdaq a/d line better
Thomas says:
waiting for Nyse
iservasia@gmail.com says:
IWM options on march <== still not good, although I'm probably going to hold it until expiration (or dump it on Jan effect rally - hopefully we'll get one)
Tom says:
30 up on nas HOD
Tom says:
50.80
Tom says:
got to give credit to this index and the tech sector
Tom says:
QLD has made us about $4500 in 2 days or so
gregg says:
tom,i sure like the chart since1pm,holding on for 2.70
Tom says:
Yep ...It was a perfect entry !!!!
Tom says:
Can't get much better than 2-4 entries this week
Tom says:
just have to be a trader and take profits and enter cheaper ..not worry about commisions ..Buy 100 contracts at a crack ..and play it like I did ...you can't lose and only win Large
Tom says:
I am selling a bit more here fellas
Tom says:
up 37 cents is too much $$$ to play with
Frank says:
i dumped 2.51, not goin to get greedy, needed a win. 17% and $700 in 1 1/2 hours.
Tom says:
Congrats Frank ...Hey does everyone have the TIP HOTLINE ????
Tom says:
tomandprisha@msn.com ???
Tom says:
Just wanted to make sure ???
Tom says:
2.58 ask now
Tom says:
I would like to see anyine in this world give you a trade like that ???
Tom says:
I am a fair man ..equal opportunity sharer of trades
Tom says:
and you have seen a couple of perfect ones this week
gregg says:
got out at 2.53 happy
Tom says:
No pats on the back just facts
Tom says:
I still ahve 30
Tom says:
Have 30 left
Tom says:
stop 2.50
Tom says:
avg price from 2.14 up to 2.50+
Tom says:
Nice
Biegs has been added to the conversation.
Tom says:
OK ..Its up to you all now ..got a DR to see
Biegs says:
thx tom
gregg says:
nice trading tom,i been enjoying bullflags lately.
Tom says:
1460 SPX will get knocked out on the open FXI and OIH are BUYS
Tom says:
Thank you all
Tom says:
I love to beat the market
Tom says:
day trade swing trade or directional either way
Tom says:
Glad you could get some
gregg says:
iwm trying for 76
iservasia@gmail.com says:
nice trading tom!
Biegs is already in this conversation.
gregg says:
tom,would you go to dec or jan on on a fxi option swing
Tom says:
Well ..is everyone OK ???
Tom says:
Jan MIN
Tom says:
April better
gregg says:
yes i meant jan or feb sorry
Tom says:
No ..that is fine ..I think they have a ton of Holidays etc..so they have a better chance of a good rally than we do !!! the turn they took when I bought the FXI calls was a good one ..no one believes they can rally ...they will
Tom says:
YES YES
You have just sent a nudge.
Tom says:
Tell the truth ..who was short ????
Tom says:
Everyone ???
Tom says:
no one trusted a rally today ???
Gary says:
I shorted the open and then long at 10:15...small play
Tom says:
Gary have you been here long ????
Biegs says:
I've scalped both ways all day for nice profits
Gary says:
Last 10 min
Tom says:
You should have let me know we just had a PERFECT trade
brad says:
when did rut turn the boat around?
Gary says:
I was out devlivering bicycles to needy
gregg says:
got your 2.70,going for more
Tom says:
RUT is your leader BRAD
iservasia@gmail.com says:
well I wanted to enjoy the rally today, but I can't... I'm on this slowy GPRS connection. My connection to IB got severed every couple of minutes :( but nonetheless, I still have positions from several weeks back
Tom says:
We are crushing Tim Knight's dreams
Tom says:
1% gain
brad says:
i lost faith in rut again today, but just noticed it was leading higher. led lower all day up until now.
Biegs says:
Tim Knight is living his dream. He made his profits and is stopped out for nice gains now i am sure
Tom says:
Yeah right
Tom says:
OK ..Out the door ...Ilike this market
Tom says:
Really like it
Tom says:
BYE BYE
Frank says:
bye, thanks for the great trade today
Tom says:
your welcome ..Tip hotline open 24/7 !!!!Never closes
Frank says:
it ran to 2.78 bid
Tom says:
just what we wanted
Tom says:
Perfect trade
Tom says:
can't get much better
Frank says:
i need a few more of those before thew end of the year
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Tom says:
This selloffsimilar to yesterday from the highs showing the short the rally mentality
Tom says:
Look at POT
Tom says:
Who wants to buy some POT ?
Tom says:
MOS we owned and sold too soon
Tom says:
AZZ 27.17 -0.30 (-1.09%)
CHK 38.47 +0.19 (0.50%)
COP 85.00 +0.81 (0.96%)
FWLT 158.45 +3.84 (2.48%)
GE 36.60 +0.34 (0.94%)
QLD 97.81 +3.15 (3.33%)
QQQQ 50.85 +0.97 (1.94%)
UWM 60.33 +0.10 (0.17%)
UYG 40.55 -1.15 (-2.76%)
XLF 29.01 -0.22 (-0.75%)
IWM 76.17 +0.54 (0.71%)
NY 75.74 +0.06 (0.08%
Tom says:
QLD and FWLT the big gainers on the TTT FUND
Tom says:
UYG XLF ill
Tom says:
MSFT has been the market savior
Tom says:
Anyone playing Rimm????
Now let's get joined up and get making some $$$$
Tom
24/7
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