tomthetrader: everyone OK ?
tomthetrader: Any questions
tomthetrader: SP H9 [10] S&P 500 Mar ’09 08:58:55 EST 862.70 -5.00 868.20 868.40 852.90
tomthetrader: 850.00 ES held overnight which is bullish
tomthetrader: we have just BGZ and QID to handle today and we will jump in the futures markets at anytime
tomthetrader: QID 49.46 and we are in at 50.05
(9:32 AM) pupster: gm
tomthetrader: 49.53
tomthetrader: Hi PUP
(9:32 AM) pupster: quick update...
(9:32 AM) pupster: was late this morning
tomthetrader: WE have QID and BGZ underwater
tomthetrader: trying to get break even ..sold all futures over the weekend selloff 855
tomthetrader: 49.68 QID we will sell our 1000 shares with a loss
tomthetrader: at 49.70
tomthetrader: 9:34am
tomthetrader: BGZ we have just 1000 sh and we will hold those at 59.77 we are underwater from 60.50
(9:36 AM) pupster: are u looking to go long...?
tomthetrader: pretty soon we will add
tomthetrader: Yes
tomthetrader: 60.16 sold BGZ so we are 100% cash now in TRaders ...or at least I am now in Cash
(9:48 AM) Fulkdaddy: Dollar down
(9:49 AM) Fulkdaddy: Toom, where can I find the 10 year yield %?
(9:49 AM) TraderTim: A/D: -233
(9:49 AM) TraderTim: Trin: .62
(9:50 AM) TraderTim: A/D: -139
(9:56 AM) TraderTim: A/D: 329
(9:56 AM) TraderTim: A/D: -329
(9:57 AM) Fulkdaddy: How is the index put/call?
(10:00 AM) TraderTim: P/C: Equity Only .66 ISE P/C: .67 to much bullishness so bearish
tomthetrader: AGREE UNLESS WE ARE IN A NEW BULL
(10:01 AM) TraderTim: yes
tomthetrader: and just like in bear markets it can stay overbought for a LON G>.........................Time
tomthetrader: BKX rally still
tomthetrader: GOOG and AAPL taking over BULL Market leadership
tomthetrader: was 03-07 BKX GS AAPL GOOG Ruled ..look today
tomthetrader: in a down market
tomthetrader: MUR TSO VLO DIG
tomthetrader: seems like oil and tech OK
tomthetrader: HBAN DRYS
tomthetrader: BIDU
tomthetrader: some RISK being taken here
tomthetrader: which is bullish
(10:05 AM) pupster: FSLR...good short
tomthetrader: Yes
tomthetrader: Banks starting to roll
tomthetrader: best technical formation is NQ QQQQ NDX MNX
tomthetrader: STJ BLUD SYK CELG AMGN IBB RIO FCX BHP SIM
tomthetrader: Are some ideas I am looking at
tomthetrader: No official buys yet
tomthetrader: just looking in some takeover options actions in metals and mining , oil sevices , Biotech and Tech
tomthetrader: a lot of Oil stocks are acting very nice here
tomthetrader: DBC
tomthetrader: DBA
tomthetrader: DAG
tomthetrader: DYY
tomthetrader: these are longer term positions
tomthetrader: seems to me that the market is not allowing shorts to make $$$$ as easy any more ? ...do you think this is a sign ?
tomthetrader: AAPL on fire
tomthetrader: please go to http://www.ttthedgefund.blogspot.com if you would like to join TTT Traders
tomthetrader: Please super IM me if you have any questions as this is a members only area ...please be a professional
tomthetrader: HPQ and IBM
(10:32 AM) TraderTim: A/D: -356
tomthetrader: I think we go sideways until news is out
tomthetrader: COP ?
(10:34 AM) TTTMichael: not me
(10:34 AM) Fulkdaddy: I am long stock
(10:35 AM) Fulkdaddy: I think it is good relative to its peers
(10:35 AM) Fulkdaddy: Cramer did a good fundamental analysis of it and I like oil here
tomthetrader: yes DIG is the best bang for the buck
tomthetrader: As you know we are up 10% +
(10:36 AM) Fulkdaddy: I have found 2x etf's are not good for clients...too volatile
tomthetrader: yes ..DBC DBA should be perfect for them
tomthetrader: LOOK AT GNW !
(10:37 AM) Fulkdaddy: Yes, the issue with 2x is the daily pricing...really only good for day trading.
(10:38 AM) Fulkdaddy: I bought DZZ with gold at $900 a week or so ago but the churning up and down has me with a small loss even though gold is not up.
tomthetrader: rally here
tomthetrader: AMAT ...DE Are you out there ...any recom in TECH semis ?
tomthetrader: very dangerous to short the market
tomthetrader: so we have to see
(10:40 AM) bulldog12: I would look at VMW in tech land as csco puts out debt offering and speculation around VMW starts up again
tomthetrader: EMC ?
(10:40 AM) bulldog12: yea emc is majority owner
tomthetrader: which would you buy ?
tomthetrader: We held EMS from 8-18 last year
tomthetrader: EMC
tomthetrader: 8-18 last y4ear
(10:41 AM) bulldog12: emc would see a nice pop on any csco bid on vmw - I am lil hesitant on EMC since NTAP (competitor) later this week
(10:41 AM) bulldog12: NTAP reports this week expecting weak guidance w/ layoffs
tomthetrader: Thanks ...good stuff
tomthetrader: HPQ and IBM should lead into Summer for Large cap tech
tomthetrader: 10-20% gains
tomthetrader: 1269 NQ 1200 was perfect set up long
tomthetrader: GE ?
tomthetrader: Once in a lifetime buy ?
tomthetrader: HOD
tomthetrader: 870.00
tomthetrader: Q's rallying
tomthetrader: DE -TTT you out there you Bull tech guy ?
tomthetrader: we need a trade
tomthetrader: AMAT fought back from a poor open back to +
tomthetrader: again more or less all indices UP
tomthetrader: all areas sectors looking well
tomthetrader: SMH marching to resistance
(10:47 AM) TraderTim: A/D: +120
(10:47 AM) DE_TTT: I still like the Chippies...AMAT, KLAC, LRCX, FORM...also NVDA, BRCM, MRVL, ADBE...even STX and WDC
tomthetrader: pretty bullish
tomthetrader: VERY VERY GOOD JOB
tomthetrader: Thanks DE
(10:52 AM) DE_TTT: yw, Tom
(10:53 AM) DE_TTT: I also really like ASML...forgot about that one.
(10:53 AM) bulldog12: DNA starting to move
tomthetrader: Up over 12% on DIG
tomthetrader: SMH rolling
tomthetrader: looks like market just wants to go test 875
tomthetrader: Oil very bullish to $50
tomthetrader: where is China Forex ?
tomthetrader: asked me 500X about oil and DIG is up 12% while market is down ?
tomthetrader: MDR ...Dave Had seen and recommended MDR rocking here
(11:01 AM) allthismoney: hey guy how ru
tomthetrader: the gap down here was a gift for NEW BULLS ...they think
(11:02 AM) TraderTim: A/D: +515
tomthetrader: nice turnaround
tomthetrader: best short term play I have made ..just wish i would have gone long futures on the gap down
(11:03 AM) TraderTim: I think you were being prudent given high news event risk
tomthetrader: yes and desperate to get out of shorts !
tomthetrader: UNH has bounced big was going to reenter
(11:22 AM) pupster: test
(11:22 AM) allthismoney: test
(11:22 AM) bocarat-1: passed
(11:23 AM) pupster: ok...thought it was Memorex
(11:24 AM) pupster: guess we're still live
(11:24 AM) redliontrader: testing a small sds (short SP) here
(11:25 AM) redliontrader: scalp
(11:34 AM) pupster: very quite in here
(11:34 AM) pupster: quiet
tomthetrader: yes ..I thin k alot were preparing for a route down
(11:34 AM) redliontrader: out sds .63 - .90
(11:35 AM) TraderTim: A/D: +301
tomthetrader: CHK 19.00 ?
tomthetrader: Nice move
tomthetrader: Just some of the succeses ...GNW ZF DRYS UYG EGLE all BIG gaines with DIG
tomthetrader: ES shorts fron up here
tomthetrader: and we may attempt a few contracts short here soon
tomthetrader: EP is asleeper stock ..possible 2x
tomthetrader: ROM the tech index is being seen as a buy
tomthetrader: ZION HBAN were big losers turned big winners
tomthetrader: short covering
tomthetrader: RIMM 38 - 60
tomthetrader: CEPH another takeover BIO stock
tomthetrader: It is a tough time ...you WANT long ...you know short
tomthetrader: LQD is a leading indicator of stock prices ...do4es it look to go higher ?
tomthetrader: I do not think so ?
tomthetrader: Looking at a short of RIMM at 60.00
(12:10 PM) TTTMichael: What was your comment regardinng EP??
tomthetrader: SPY puts 1-2% possible
tomthetrader: EP is a sleeper 2x
tomthetrader: I love it as a play int long term
(12:11 PM) TTTMichael: EP for IRA or MAIN??
tomthetrader: EP is a buy ...I want it in the IRA but am just being picky
(12:11 PM) TTTMichael: I agree.
tomthetrader: real tou8gh time to buy anything ..I want to see the indicators and cetrtain arras improve but they may not
tomthetrader: areas'
tomthetrader: trying to be as patient as possible
tomthetrader: I am taking a short position in RIMM at 59.65 500 shares
(12:17 PM) pupster: definately over-extended
tomthetrader: I think we can do like FSLR and get 2-3 bucks
tomthetrader: options too expensive
(12:20 PM) pupster: a break of 58.6 would look nice
tomthetrader: The Nasdaq 100 has a very nice-looking breakout of a long-term triangle, which is garnering an appropriate amount of attention. It may have some minor resistance just ahead at the January high, but it is a very good-looking formation. The other indices have a lot more work to do in order to have the inklings of a positive technical picture, with the first hurdle being the recent high around 875 on the S&P 500.
(12:21 PM) Alert: Message was not sent. The message was too long or contained non printable characters.
tomthetrader: The Nasdaq 100 has a very nice-looking breakout of a long-term triangle, which is garnering an appropriate amount of attention. It may have some minor resistance just ahead at the January high, but it is a very good-looking formation.
(12:23 PM) pupster: yes...ascending triangle breakout
(12:24 PM) pupster: what u could do with those as an indication of target is to then draw a Parallel trend channel line from the bottom up trendline
tomthetrader: yes ....
tomthetrader: a little setback and a real buying opp ....
(12:25 PM) pupster: so...1378 look as if could be doable which touches the upper trend line
(12:29 PM) JR Roden: Q's 5 min chart forming a potential double top on weak volume, with negative divergence on MACD.
tomthetrader: 36.64 NFLX short 500 shares both day trades stops back .25 cents
tomthetrader: banks taking off
tomthetrader: can't short or you get runover
tomthetrader: again two shorts with short leashes NFLX and RIMM
tomthetrader: small positions and short
tomthetrader: with TIGHT stops
tomthetrader: 12:30pm Monday
tomthetrader: UYG the BUY of a LIFETIME ?
tomthetrader: 2.50 -3.75 -11.00 ?
tomthetrader: SKF looks like it may collapse
tomthetrader: FAZ
tomthetrader: FAS looks great
tomthetrader: we wiol buy 4 contracts short ES 871.00
tomthetrader: BUY 4 ES short via cash 871.00 day trade stops 875.00
(12:43 PM) Nick_H_SanDiego: In with you short 2 ES @ 868.25 futures price
tomthetrader: Thanks
tomthetrader: SPY and Q's puts in dis acct
tomthetrader: DB
(12:47 PM) Fulkdaddy: Tom, I just sent what I think to be a good analysis of the market by Peter Muthie of the AUTOX mutual fund.
tomthetrader: Thanks ...also looking to short DB Deutsche bank
tomthetrader: 500 sh
tomthetrader: anyone have Ask on DB ?
tomthetrader: to confirm
(12:49 PM) Nick_H_SanDiego: 29.99
(12:49 PM) Nick_H_SanDiego: 30.01
tomthetrader: Thanks
(12:49 PM) Nick_H_SanDiego: yw
tomthetrader: short 500 Sh at 30.00
tomthetrader: 3 short positions
tomthetrader: RIMM DB and NFLX
(12:50 PM) bulldog12: emc and vmw both up on this csco speculation- i would hold both
tomthetrader: plus 4 ES short stop 875.00 cash
tomthetrader: Love the long term on EMC VMW and CSCO
tomthetrader: Thanks Bulldog
tomthetrader: 3.05% 10 year allmost all stops blown out now
tomthetrader: 10 tear note and bears are starting to get scared
(12:55 PM) pupster: agree on FAZ SKF and FAS
tomthetrader: 3.05 Ten year note keeps pumping higher
tomthetrader: has really changed his tune !
tomthetrader: scared bear ?
tomthetrader: Roubini has really changed his forecast
tomthetrader: WOW
tomthetrader: from end of the world to a u shaped recession
tomthetrader: what happened ?
(1:04 PM) Nick_H_SanDiego: that is big change
tomthetrader: Like a 360 turn ?
(1:04 PM) Nick_H_SanDiego: yes
tomthetrader: 3.76 UYG
tomthetrader: Banks leading
tomthetrader: Now says there are solvent banks last week it was 99% insolvent
(1:07 PM) Nick_H_SanDiego: someone must have gotten to him
tomthetrader: MARKET BOTTOM ?
(1:07 PM) Nick_H_SanDiego: is there an Obama Plunge Censorship Team?
tomthetrader: RIMM we are in a decent profit
tomthetrader: At Davos there was a waiting list to listen to these guys and the anchor said it may be asign of a bottom since Bill gates and Michael Dell were in attendance
tomthetrader: 3.77 UYG
tomthetrader: Roubini is really backing off BEAR stance BIG time
tomthetrader: "Iam not th Dr of Doom"
tomthetrader: XLF surging
tomthetrader: 125 04 US
(1:12 PM) arujunaa: could stay weak in fixed income for this week. auctions tue, wed, thurs
tomthetrader: seems like the turn in psychology ? as now it seems like there is appetite ?
(1:19 PM) Fulkdaddy: How much have the losses been? I just missed it
(1:19 PM) Fulkdaddy: Nouriel expects 3.6T
(1:19 PM) Fulkdaddy: I was wondering where we are so far
tomthetrader: He has turned big time
(1:19 PM) RobotTrader: ZLC
tomthetrader: not nearly as bearish as last week
(1:20 PM) Fulkdaddy: Tom, what are the bank losses so far?
tomthetrader: Depends ...which metric
(1:21 PM) Nick_H_SanDiego: Dave, TOS should have the Roubini clip loaded in a little bit..or the CNBC website
(1:21 PM) Fulkdaddy: Ok
tomthetrader: yes CNBC will have it bottom line Roubini is much more tame
(1:21 PM) Fulkdaddy: I did hear him say another 20% down in equities
(1:22 PM) Fulkdaddy: S&P700
(1:22 PM) Nick_H_SanDiego: at least 5 or 6
(1:23 PM) Nick_H_SanDiego: Dave, another chat says 1 trillion w/o so far, another $2.6 trillion to go
(1:23 PM) chinaforex: oil still not moving as much as expected so far
(1:24 PM) chinaforex: oh well -- we have targetted $50 for march 31 so still a way to go
tomthetrader: omthetrader: I am taking a short position in RIMM at 59.65 500 shares
(12:17 PM) pupster: definately over-extende
(1:26 PM) chinaforex: short on rim sounds reasonable decision at this point
tomthetrader: China ?
tomthetrader: Oil has been up ?
(1:28 PM) chinaforex: yes
tomthetrader: RIMM we are making money
(1:28 PM) chinaforex: i am supportin you
(1:29 PM) chinaforex: just wish we will get to $50 faster that is all
tomthetrader: nope ..nice and slow
(1:29 PM) chinaforex: a slow grind
tomthetrader: short Q's here
(1:29 PM) chinaforex: i want USO at 35
tomthetrader: soon
(1:29 PM) chinaforex: that is where i will sell
tomthetrader: March 31st
(1:29 PM) chinaforex: is that your sell point on USO tom?
tomthetrader: (12:49 PM) Nick_H_SanDiego: yw
tomthetrader: short 500 Sh at 30.00
tomthetrader: 3 short positions
tomthetrader: RIMM DB and NFLX
tomthetrader: 4 ES short also
tomthetrader: I own DIG and have a 2% trailing stop
(1:33 PM) bulldog12: do you normally use 2% on most trailing stops?
tomthetrader: .5% to 8% depending on positions
tomthetrader: 4 positions short ES and 3 positions short equities all profitable
(1:34 PM) bulldog12: just another name for csco potential take out- DDUP
tomthetrader: out of all shorts here on sell off
tomthetrader: Big gains for a daytrade
(1:37 PM) Fulkdaddy: Bonds catching a bid Aruj
tomthetrader: 58.65 RIMM COVERED
tomthetrader: 36.28 NFLX covered
tomthetrader: DB 29.96 Covered
tomthetrader: ES covered 866 20 points $1000 profit
(1:39 PM) Fulkdaddy: TLT just sent off a launching pad
tomthetrader: Could that be a sign ?
(1:41 PM) pupster: SPY on 60 minutes looks like it is coming out of bearish wedge
tomthetrader: 4-4 today
tomthetrader: is good ..after 1-3 at early morning with a HUGE ES PROFIT FROM LAST FRIDAY
(1:42 PM) arujunaa: corp deal selling had dried up. also, central banks have been selling but i believe that this was benchmark reallocation i am 100% long and taking it in the shorts. but i think the end is near.
tomthetrader: so you still believe rates will drop to new lows in 2009 ?
tomthetrader: or below 2.50% Ten year ?
(1:43 PM) arujunaa: if we can hold these levels (broadly speaking), then yes. absolutely
(1:44 PM) bulldog12: if fed starts buying the tres then for sure
(1:44 PM) arujunaa: this week will be defining in my opinion. i think friday & monday's close will be the most important
(1:44 PM) arujunaa: tuesday i mean.
tomthetrader: OK
tomthetrader: savings rate up huge in US
(1:46 PM) ctmhou: Finally!
tomthetrader: -250 a/d line naz
tomthetrader: -700 ZUPI
(1:47 PM) ctmhou: Now if we can save 10% before we spend.
tomthetrader: Hi Craig
(1:47 PM) ctmhou: Hey Tom.
tomthetrader: RUT leads and RUT has slowed down
tomthetrader: we took some nice profits today
tomthetrader: and I am really happy
tomthetrader: as we dodged another bullet
tomthetrader: 50% long IRA 100% cash main and 100% cash here Traders
tomthetrader: moved over 5K in profits to main fund and back to 100% cash 200K
tomthetrader: HAPPY
(1:55 PM) Nick_H_SanDiego: yes the ES had a nice drop Sun nite
(1:55 PM) Nick_H_SanDiego: great dodge Tom
tomthetrader: Thanks ...did you just make a profit on that last trade Nick ?
(1:56 PM) Nick_H_SanDiego: $250
(1:56 PM) Nick_H_SanDiego: very happy
tomthetrader: Great
tomthetrader: Nice Play
(1:56 PM) Nick_H_SanDiego: I sold right when the TICK went to -1153 extreme
(1:56 PM) Nick_H_SanDiego: didn't get the exact max...but good enough
tomthetrader: tremendous
(1:56 PM) Nick_H_SanDiego: thx very excited
(1:58 PM) ctmhou: Nick, do you like the new movable brackets on TOS?
(1:58 PM) Nick_H_SanDiego: You know I stopped using TOS for futures...too primitive...I've switched to the InfinitAT platform thru Infinity Futures...$500 day trade margin $4.80 r/t
(1:59 PM) Nick_H_SanDiego: Infinity lets me set automatic scale-out profit targets
(1:59 PM) Nick_H_SanDiego: So I sell 1/2 at 2 tick profit, then move my stop to -2 ticks
(1:59 PM) Nick_H_SanDiego: all automatic
(1:59 PM) Nick_H_SanDiego: TOS can't do that!
(1:59 PM) ctmhou: Any usage fees with InfinitAT?
(2:00 PM) Nick_H_SanDiego: nope
(2:00 PM) Nick_H_SanDiego: free
(2:00 PM) Nick_H_SanDiego: call Patrick 800-539-4341
(2:00 PM) ctmhou: website?1
(2:00 PM) Nick_H_SanDiego: So I use TOS for charting and AT for trading futures
(2:04 PM) Nick_H_SanDiego: Also, if you want to use Ensign charting software (like Thomas), Ensign can use data from Infinity and IB for free. So there is just the Ensign monthly fee of $39
(2:06 PM) berniectx: Roubini doom and gloom has replaced Marc Farber who I believe is now bullish
(2:06 PM) Nick_H_SanDiego: roubini on bloomberg now
(2:07 PM) ctmhou: DOes that mean the market will fall, if he is bearish?
(2:08 PM) ctmhou: Is Roubini a contrarian indicator?
(2:08 PM) ctmhou: OK, thanks.
tomthetrader: Just my opinion
tomthetrader: Meredith Whitney has overstayed her rock star status as has Roubini
(2:14 PM) TTTMichael: Tom, is your mike on??
tomthetrader: yes
tomthetrader: sorry
(2:14 PM) TTTMichael: Interferes with my music.
(2:15 PM) TTTMichael:
tomthetrader: again if you are here and are NOT a member ..please go to http://www.ttthedgefund.blogspot.com and e-mail me as this is a paid site and members only but always looking for new members ....no ads just word of mouth
tomthetrader:
tomthetrader: again back to 100% cash here as the market may be setting up for a buying opp
(2:16 PM) TTTMichael: Tom, In all seriousness, I cannot find any setups as most leading sectors/stocks are over extended on their 3 day RSI.
(2:17 PM) TTTMichael: Like CHK and EP but want to wait.
(2:17 PM) TTTMichael: great job
tomthetrader: Thanks
tomthetrader: These are the stocks I want to add soon
(2:20 PM) TTTMichael: I seems like most of the leaders are putting in double tops going back to early Jan. A small set back prior to a breakout on the third try might do the market good.
tomthetrader: GILD MO CELG UNH IBM HPQ VZ T MCD FCX DBA MRK NUE COP EP DAG
tomthetrader: Balnced conservative portfolio
tomthetrader: balanced
tomthetrader: that should handle bot the down side and upside
tomthetrader: DBC
tomthetrader: also
tomthetrader: MDRX ESRX ?
tomthetrader: we still have ESRX in IRA
(2:24 PM) TTTMichael: Nice dividend in MO!!!
(2:25 PM) Nick_H_SanDiego: Gov't commits 9.7 trillion to save the world http://tinyurl.com/d9achn
(2:26 PM) JR Roden: can we see a "sell the news" event here?
(2:27 PM) Fulkdaddy: Every gov't announcement the last six months has been a "sell-the'news"
(2:29 PM) aszags: Help I have been attacked by a virus and was out of commission on my computer since morning. I am operating in safe mode and am not signing on to my brokerage account until the computer is serviced. it knocked out resident shield on my AVG anti viral software
tomthetrader: wow
tomthetrader: I have heard of this
(2:32 PM) Fulkdaddy: cashin on
tomthetrader: Cashin great
tomthetrader: tough week for treasuries
(2:33 PM) Nick_H_SanDiego: zags too much porn
tomthetrader: AHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
tomthetrader: Porn in the morn ?
tomthetrader: Not Zags ...too busy making QID Cash QLD
tomthetrader: either way
tomthetrader: URE is a interesting option play long
tomthetrader: Zags Can't respond as he is in Safe Mode in the internet bubble
tomthetrader: ?
tomthetrader: Zags: I know you were short Friday late ..were you able to profit /
tomthetrader: Ratesgoing higher in methodical matter
tomthetrader: 100 BPS
tomthetrader: 2-3%
tomthetrader: 10 year
tomthetrader: 3 month bills not high enough ..but once it does ...all clear for stocks ..might happen this week ?
tomthetrader: HBAN a beaut
tomthetrader: AAPL had 0 problem with 100.00
tomthetrader: DRYS well off highs
tomthetrader: market indicators improving rapidly
(2:40 PM) ctmhou: Why is oil falling?
tomthetrader: DIG still OK
tomthetrader: still long
tomthetrader: 36.37 Netflix
(2:42 PM) TraderTim: y
(2:42 PM) bloomert: Y
(2:42 PM) TTTMichael: yes
(2:42 PM) ctmhou: yes
(2:42 PM) Fulkdaddy: y
(2:42 PM) JR Roden: Q's the only index trying to hold at even today. Will it pull the others up or will they pull it down?
(2:42 PM) TTTMichael: What is with bonds?? LQD was down and now up!!
(2:42 PM) aszags: Yes I sold part of my position in qid this am because my average cost was 49.64 but am still holding and may or may not write some feb qid covered calls. I still feel there will be a hiccough this week so am holding qid
(2:46 PM) ctmhou: Is DXO something that you would play, Tom?
(2:46 PM) ctmhou: Long
(2:47 PM) Nick_H_SanDiego: http://leavittbrothers.com/stocks-options-futures-trading-reports/2008/11/etfs.cfm
(2:47 PM) Fulkdaddy: DIG are oil companies...DXO is the commodity
(2:47 PM) ctmhou: DXO- double long oil Powershares.
(2:47 PM) bogdan07: dxo 2.68/69
(2:48 PM) Nick_H_SanDiego: dig is oil and gas...dxo is crude oil only
(2:48 PM) ctmhou: Option
(2:48 PM) Fulkdaddy: DIG are the companies...XOM, etc
(2:48 PM) ctmhou: price
(2:48 PM) ctmhou: Go ahead with what you were saying . Didn't mean to interupt.
(2:49 PM) Nick_H_SanDiego: that link above is the Leavitt Brothers comprehensive list
(2:49 PM) Nick_H_SanDiego: of etfs
(2:49 PM) bogdan07: dxo 22 381 600 volume
(2:51 PM) ctmhou: Take up more, please.
(2:52 PM) Fulkdaddy: DIG is oil companies Tom, DXO is the commodity...this is how they are different
tomthetrader: Sorry if I got off on two tracks
tomthetrader: OIL long term bull ...DB long term beaqr
tomthetrader: bear
(2:53 PM) Nick_H_SanDiego: Dave, did you get my email from Friday?
tomthetrader: 58.46 RIMM off 60.00 short
tomthetrader: good plays nice e-mails all over
tomthetrader: Again ...I believe we have played this near perfect now comes the big decision ...what to do 2-3x ETF's long or short and when ?
(3:00 PM) pupster: would you hold financilas into tomorrow??
tomthetrader: I do not think i want to enter the futures ...would rather get a good set up long and go BGU TNA
(3:02 PM) ctmhou: UYG, your biggest winner so far this year?
(3:04 PM) ctmhou: Wasn't around. Why SKF taken off books?
(3:04 PM) ctmhou: OK
tomthetrader: BGU TNA I will add to Main Fund and will add NQ futures in TRADERS once we get a TTT BUY
(3:07 PM) Fulkdaddy: I am quite bearish here....every single rally of the last 18 months has been an opportunity to sell.
(3:10 PM) Fulkdaddy: Until this changes, it is my assessment, we should play it this way
(3:10 PM) TTTMichael: How close to a buy are we?? how many of 14 indicators?? I'm with you, like IBM and MO. Will buy MO and sell out of the money Feb calls.
(3:12 PM) Fulkdaddy: TLT is roaring
(3:13 PM) aszags: I am still bearish short term
(3:16 PM) Alert: ====SECURITY BULLETIN!=======
Please be wary of third party websites that ask you for your Paltalk password. If you access a website that does not end in 'paltalk.com' (for example, sites named paltalk.ru or paltalk.freenickname.com are not paltalk.com websites), you should never have to enter your Paltalk password. Paltalk cannot be responsible for 3rd party payments and any dispute must be between you and the person who paid for the account.
tomthetrader: we are within 100 Dow points of a possible TTT BUY signal
tomthetrader: but again ..as the news deelops ....I have to get long before the news
tomthetrader: and put stops in or just bet long
tomthetrader: I need more data
(3:18 PM) ctmhou: I like deelops.............
tomthetrader: as right now the odds favor LONG
tomthetrader: sorry ! develops
(3:19 PM) DE_TTT: deeloping...
tomthetrader: I want ot enter BGU TNA Main Fund and TF NQ Traders
tomthetrader: YEAH DEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEveloping
tomthetrader: are you Bullish DE ...can we break out ?
tomthetrader: POLL ? Please reply CAN WE BREAK OUT THIS WEEK ?
tomthetrader: YES after a selloff
(3:22 PM) ctmhou: It depends on what is said tonight and done tomorrrow.
tomthetrader: agree...you don't know ?
tomthetrader: you should tell us ?
(3:24 PM) DE_TTT: yes
(3:25 PM) Nick_H_SanDiego: no
(3:27 PM) TraderTim: A/D: +275
(3:27 PM) pupster: FAS looking awfully good...even after this run up it's had
(3:28 PM) pupster: accumulative volume
(3:29 PM) pupster: min. target 12.2
(3:30 PM) pupster: to 12.5
tomthetrader: Put pretty damn good
tomthetrader: I am getting more and more bullish as the market has a MOMentum behind it I have not felt since november
tomthetrader: Again I am being to picky about entry
tomthetrader: but I am looking long ..just would love to see one whoosh but the Zweig up down volume BUY signal usually never gets you a chance back in
tomthetrader: GE MS great days
(3:33 PM) pupster: might have to price average in....no?
tomthetrader: yes ....or just hope we are correct that there is a whoosh coming before a prolonged rally
tomthetrader: PEP taken out today
tomthetrader: AAPL GOOG on fire with BKX is normqall a VERY VERY BULLISH SIGN
tomthetrader: Normally
(3:36 PM) TTTMichael: Positive divergences in TLT. Junk bond ETFs strong today. I still like junk for main hold.
(3:37 PM) pupster: last weekI said FAZ wouldgo to 41 if 47 broke...now I think you could see 33 and that's were the banks temporarily stop moving up
(3:38 PM) TraderTim: TTTMichael: Yes. If mkt moves up JUNK spreads should continue tol tighten.
(3:38 PM) pupster: unless we get a Bank selloff ahead of schedule
tomthetrader: ZF has performed well
tomthetrader: DHY a little high yielder
tomthetrader: monthly div
tomthetrader: Notice URE too koff ?
tomthetrader: URE interesting IRA hold
tomthetrader: here
tomthetrader: Again ...the market is undecided and gives us great opps here
tomthetrader: If Thomas comes on I will give my once a month call to Marty Zweig but only if Thomas comeson
tomthetrader: Thomas ?
tomthetrader: Are you out there ?
(3:44 PM) thomas_Poland: yes
(3:45 PM) Nick_H_SanDiego: thomas hey there
tomthetrader: Hi Buddy !
tomthetrader: Yes
tomthetrader: A standing ovation for Thomas !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
tomthetrader: Let's hear it ?
tomthetrader: My prayers answered
(3:45 PM) bocarat-1:
tomthetrader:
(3:46 PM) thomas_Poland:
(3:46 PM) TTTMichael: What does Marty have to say??
(3:46 PM) thomas_Poland: I am only out so Tom can ask someone smart what to do
(3:46 PM) les13436:
(3:46 PM) pupster: TP....
tomthetrader:
(3:47 PM) bloomert: Thomas is back !!!
tomthetrader: I am crying with happiness ...just can't stop crying
tomthetrader: Thomas !
tomthetrader: Is it really you
tomthetrader: tell me it is no fake
tomthetrader: say something thomas like ?
(3:48 PM) DE_TTT: Hola TP !!!
tomthetrader: This is my happiest day in a month !
tomthetrader: Thomas back ?
tomthetrader: OK ...we only have 12 minutes ...tell us what to do ...international man of mystery ?
tomthetrader: Please throw us a bone ?
(3:49 PM) thomas_Poland: I wish I knew what to do ..
(3:49 PM) thomas_Poland: my main techniques are praying and hoping
tomthetrader: so we are all in the same boat
(3:50 PM) TraderTim: hi THOMAS!!!
(3:50 PM) thomas_Poland: so I flip a coin ... take position and pray and hope
(3:50 PM) Nick_H_SanDiego: thomas lost his seiko watch, remember
(3:50 PM) thomas_Poland: that is it for me
(3:50 PM) pupster: good virtues...but not the best of strategies...although we all do it sometimes
(3:50 PM) Nick_H_SanDiego: that should work 50% of the time !
tomthetrader: I think we WHOOSH down and then soar up by weeks end
(3:50 PM) PhotosbyDill: Hi Thomas. Ready to come to Colorado?
(3:50 PM) berniectx: Have missed you greatly TP please stay here and make your comments, need you!
tomthetrader: Gary and Thomas ..we are back to at least a starting line up !
(3:51 PM) ctmhou: Thomas has started his own Paltalk investment club........
tomthetrader: Yes ...Gary Thomas we need you daily
(3:51 PM) ctmhou: Gar, where yo be?
tomthetrader: I am go9ing toBUY my TTT BUY and Sell ....no leaning just wait for all 14 to show a buy or sell and the curl or LULL and go for it
(3:52 PM) PhotosbyDill: Taking care of Debbie!
(3:52 PM) ctmhou: Hope all is well.
tomthetrader: You area good man gary
tomthetrader: Thomas you are too
(3:52 PM) berniectx: Tom if we get a whoose down what are your targets in SPX on the downside?
tomthetrader: Thanks for coming back
tomthetrader: 820 Cash SPX
(3:53 PM) PhotosbyDill: I am good. Her dementia worse all the time. But thanks for asking Curtiss
(3:53 PM) TTTMichael: Tom, bring on the music.
tomthetrader: Or am I supposed to sing ?
tomthetrader: I think we said if Thomas comes back I would sing ?
(3:53 PM) ctmhou: Do not SING. I reppeat, DO NOT SING.
(3:54 PM) Nick_H_SanDiego: we excuse that requirement
tomthetrader: Let's vote ...music or a solo from me to Thomas ?
(3:54 PM) redliontrader: hard day to trade, ad lines flopping between +/- up/down volume moving like and oscillator..
(3:54 PM) berniectx: oh nooooo!
tomthetrader: very hard ...good trading today ..lucky to have a $$$$$$$$$$$$$$win here
(3:54 PM) ctmhou: That's a choice?
tomthetrader: OK ....So I guess you want me to sing a Phil collins solo ?
(3:54 PM) aszags: welcome back Thomas. We missed you
tomthetrader: Yes Zags !
(3:55 PM) thomas_Poland: Zags .. I only wanted Tom call Marty
(3:55 PM) thomas_Poland: that's it
(3:55 PM) thomas_Poland: I did it for you
tomthetrader: Thomas Zags and Vector vest !
(3:55 PM) ctmhou: Tom, my kids are having fun in the kitchen, please let them continue.
tomthetrader: I will call Marty now and will have a position by 3:59pm
tomthetrader: BRB
(3:56 PM) thomas_Poland: yes call me ..
(3:56 PM) ctmhou: When you startle them with your singing, they run in all directions and hurt themselves.
tomthetrader: please load up BGU or BGZ ...or Seiko watches
(3:56 PM) Nick_H_SanDiego: maybe we can pipe Tom's singing into the pit
(3:56 PM) ctmhou: That'll scramble the markets.........
(3:56 PM) thomas_Poland: you can redirect to dev/null .. .if you know what Unix system is
tomthetrader: They have banned me already in 84" tough crowd ?
tomthetrader: In the near term I find the market is now overbought. It is not drastically overbought. In fact, if it backs off for a few days, it can easily get oversold again and rally into the latter part of the week
tomthetrader: 30-day moving average of the advance/decline line is overbought and it likely won't move back to oversold until just after options expiration on Friday, Feb. 20
(3:58 PM) TTTMichael: YES, yes,yes,
tomthetrader: I am pleased the ratio of the KBW Bank Index (KBW) to the S&P didn't make a lower low and is on the rise. I will continue to monitor it closely for potential signs of failure. It needs to surpass that late January high now as its next hurdle.
tomthetrader: Helene info from Dave
(4:02 PM) pupster: 1-3% pullback is what u would expect...?
(4:04 PM) PhotosbyDill: Some to look at tonight: AGU, FDX, GNK, POT, X, AVG, CLF, LEAP SOME LONGS & SOME SHORTS
(4:05 PM) pupster: SEED is a cheapy
(4:06 PM) berniectx: thanks all be careful...Obamanomics tonight and tomorrow, will see what the perception is
tomthetrader: To you Thomas :
tomthetrader: Bernie : I am about to sing don't leave ?
tomthetrader: I I don't mind
(4:07 PM) berniectx: Tom keep your day job you do great
tomthetrader: I I Don't mind
tomthetrader: OK OK
tomthetrader: NYSE +
(4:07 PM) DE_TTT: As long as no daytime concert involvement
tomthetrader: No ..just AH
tomthetrader: I am banned 9:30 am - 4:10 pm
tomthetrader: By several agencies
(4:08 PM) DE_TTT: I would feel better about 7am to Midnight ban
tomthetrader: Thomas : Take me home ?
(4:08 PM) DE_TTT:
tomthetrader: But no one will hear DE C?
(4:09 PM) Nick_H_SanDiego: the weather is MUCH nicer in Fla
tomthetrader: ?
(4:09 PM) berniectx: my dog barks when you do that!!
tomthetrader: Take it Thomas !
tomthetrader: Mixed day .....flat overall Bullswin SPX
(4:10 PM) PhotosbyDill: CORRECTION: AVB NOT AVG
tomthetrader: Thanks
(4:12 PM) DE_TTT: My dog howls and I don't have a dog or any moonlight
tomthetrader: My feelings are intact DE
tomthetrader: I cannot be hurt
tomthetrader: I am a thick skinned trader
tomthetrader: and just because my voice is not like elvis is OK
tomthetrader: I am special Right Thomas ?
tomthetrader: Dogs sometimes like to be sung to ?
tomthetrader:
tomthetrader:
(4:14 PM) Nick_H_SanDiego: Tom glad to hear your thick skin is back.
tomthetrader:
tomthetrader: It was gone as I cracked under some pressure in all of january Down ...But our stocks went up the indices failed ...I am back in large and in charge
tomthetrader: GS on a wild run
tomthetrader: off lows
(4:17 PM) Fulkdaddy: Tom, I must say, you have outstanding taste in music
tomthetrader: couple hundred grand in realized will make you feel better
tomthetrader: I don't see why they don't like me to add my own versions ?
tomthetrader: maybe it is the internet thatskews my voice DE ?
tomthetrader: DE ?
tomthetrader: maybe ?
tomthetrader: USO flat
tomthetrader: I will be here tonight after the SPEECH
tomthetrader: for post speech traders
tomthetrader: GOOG up 100 bucks from bottom
tomthetrader: impressive
tomthetrader: I remember everyone saying GOOG 100 ?
tomthetrader: Now launched to 400.00 ?
(4:21 PM) DE_TTT: I love it but I just like making fun even more, Tom !
tomthetrader: YES ...Fun ...I love this market !
tomthetrader: And this is agreat way to spend a day or an hour /
tomthetrader: OK guys if your available stop by tonight if not we will see you tomorrow at 9:15am audio
tomthetrader: TTT out and thanks Gary and Thomas for coming back to TRADERS TTT 2009
tomthetrader: Night all
tomthetrader: scanning stocks for 3 hours and rebalancing our portfolios
(4:29 PM) PhotosbyDill: Have a good evening everyone -- Gary
tomthetrader: Night
(5:00 PM) Alert: The medical use of marijuana is the topic on News Talk Online in Paltalk Studio A in the Radio/TV Section NOW [Free Video]
(5:31 PM) Alert: The medical use of marijuana is the topic on News Talk Online in Paltalk Studio A in the Radio/TV Section NOW [Free Video]
tomthetrader: 862.50
(6:31 PM) Ms Dramafree 09: how do u crackers feel now that obama is about to save all ur asses
(6:32 PM) Ms Dramafree 09: if ur house is in foreclosure press 1
(6:32 PM) Ms Dramafree 09: all hail the black man
tomthetrader: 860.75
tomthetrader: 860.50
tomthetrader: 860.00
(7:23 PM) Nick_H_SanDiego: 857.50
(7:23 PM) Nick_H_SanDiego: nice drop since 415
tomthetrader: yes ...glad we were not long but the positionsshort would have been nice ?
(7:24 PM) Nick_H_SanDiego: yes it would have!
tomthetrader: Might Buy 850 ish
(7:25 PM) Nick_H_SanDiego: im sure we will see futures action as obama speaks tonite
tomthetrader: yes a poor response could be hazardous to the markets
tomthetrader: some of the details of the treasury plan is leaking out and not much of a bad bank which is hirting the market
(7:26 PM) Nick_H_SanDiego: yes i agree leaks
(7:26 PM) Nick_H_SanDiego: something is spooking the futures the past 30 mins
tomthetrader: we may get one of those break thru 850 buys and run up tomorrow to 875.00 and die
(7:27 PM) Nick_H_SanDiego: did you say 850 because that is the previous important level that we've seen over and over?
(7:37 PM) aszager: I am happily enjoying the selloff tonight since I still hold qid
(7:39 PM) Nick_H_SanDiego: good call zags
tomthetrader: got filled on 2 at 855 long
(7:41 PM) redliontrader: wow nice AH sell off. I took some SDS before the X bell.
tomthetrader: some pretty hard selling here
tomthetrader: I am just going to trade around the news conference see if we can make a few bucks
tomthetrader: Nick did you BUY ES ?
tomthetrader: anyone Buy ES ?
(7:43 PM) aszager: just sold some qid at 49.8 that I bought Friday. I bought Friday at 50.1 and 49.18. I just sold 5000 shares and am still holding a lot more
(7:44 PM) Nick_H_SanDiego: Tom, yes in with you 2 ES at 855
(7:44 PM) TraderTim: Tom, I am not near a TV so let us know when you hear something.
(7:44 PM) Nick_H_SanDiego: just got stopped out, thou
tomthetrader: Ok
tomthetrader: 853.00 Nick ?
(7:44 PM) Nick_H_SanDiego: 853.25 stopped
(7:44 PM) redliontrader: just sold 1/2 SDS 74.49 bought in at 72.83 near close
(7:45 PM) aszager: good for you red
tomthetrader: No stops here tonight
(7:45 PM) redliontrader: need it, harsh day for me
tomthetrader: Nice ZAGS and RED the shorts are telling us something
(7:46 PM) redliontrader: all the good trading today was during lunch, and I wasn't here
tomthetrader: what is the ES low ? must be 853.25 ?
(7:47 PM) Nick_H_SanDiego: yes 853.25
(7:47 PM) TraderTim: 853.25
tomthetrader: How did they get you Nick ?
tomthetrader: see your stop ?
(7:47 PM) Nick_H_SanDiego: there is a prev low from sun nite 852.75 which forms an "M"
tomthetrader: so your stop was back just 1.75 points ?
(7:48 PM) Nick_H_SanDiego: yes 6 ticks
tomthetrader: seems a weird number ?
tomthetrader: OK
(7:49 PM) Nick_H_SanDiego: that is what I use during the day when I can use the TICK for entry
tomthetrader: should use a Fib # for good luck ?
(7:49 PM) Nick_H_SanDiego: but at nite i obviously need a different set of rules which are a work in progress
(7:49 PM) Nick_H_SanDiego: well that was the 161.8% extension
(7:49 PM) Nick_H_SanDiego: so it actually was a logical fib level
tomthetrader: true
tomthetrader: 3 ?
tomthetrader: is a good one
tomthetrader: I use 4 during day on manual stops
tomthetrader: with Vix over 40
tomthetrader: points 16 ticks
(7:50 PM) Nick_H_SanDiego: yea the 16 ticks would give it some room to breathe
tomthetrader: 855.75
(7:51 PM) Nick_H_SanDiego: I do 2 contracts, take 1/2 off with 2 tick gain, then move my stop to -2 ticks, which gives me a free trade
(7:51 PM) Nick_H_SanDiego: been working ok during day hrs scalping
tomthetrader: 855.00
tomthetrader: Good
(7:51 PM) Nick_H_SanDiego: 233 tick chart...and you have to watch the $TICK when entering
(7:52 PM) Nick_H_SanDiego: i am tempted to re-enter here
(7:52 PM) Nick_H_SanDiego: i like to shadow you, Tom
tomthetrader: OK ..I am going to the big screen for the news conference ...Doug Kass says the bottom in in housing
tomthetrader: M2 growing baltic index refis all bullish
tomthetrader: steepening yield curve
tomthetrader: all bullish had a long lit
tomthetrader: 854.00 added 2 more
tomthetrader: 4 long avg 854.50 just a night trade will be off by 2:00am I hope
tomthetrader: no stops
(7:54 PM) Nick_H_SanDiego: Might want to put a stop at 852.50 which is the Sun nite low
tomthetrader: 853.50
(7:54 PM) Nick_H_SanDiego: 1 tick under
(7:54 PM) redliontrader: with you guys via SSO
tomthetrader: I am going to stay away from stops as it is too illiquid now I need long exposure out to march
tomthetrader: so I will keep these if 850 breaks
tomthetrader: but will sell if break even or + tonight
tomthetrader: 854.00
(7:56 PM) redliontrader: the good bad news about etfs is they close at 8pm, so no need for stops
(7:56 PM) redliontrader: but you are trapped
tomthetrader: right ..and options ...OH MY , I have a ton of UYG options still ..been selling them in chunks
(7:57 PM) redliontrader: u might be picking up more tomorrow
(7:57 PM) redliontrader: I have about 50 left
(7:58 PM) aszager: just sold another 5000 qid at 49.8. So I sold 10000 qid tonight and I have more that I will keep for tomorrow
(8:07 PM) Nick_H_SanDiego: tom this ES looks like it's going gown
(8:07 PM) Nick_H_SanDiego: I was trying to put my stop in at 852.50...and accidentially put myself short w/o realizing it...happy surprise
(8:07 PM) Nick_H_SanDiego: made 1 tick on 6 contracts
(8:07 PM) Nick_H_SanDiego: total surprse
(8:11 PM) TraderTim: Tom, let us know if he says anything significant?
(8:16 PM) Fulkdaddy: Is the market sending Obama a message here?
(8:16 PM) Nick_H_SanDiego: it broke Sun nite's low
tomthetrader: still OK
tomthetrader: Overseas markets up
(8:43 PM) Nick_H_SanDiego: where do you watch the overseas mkts?
tomthetrader: CNBC live
(8:44 PM) Nick_H_SanDiego: is that the US CNBC...or do you get CNBC World Int'l feed?
tomthetrader: 853.50
tomthetrader: you can just go to cnbc.com
tomthetrader: and they have live feed of all world markets
(8:47 PM) Nick_H_SanDiego: ok thx
tomthetrader: 855.75
tomthetrader: nice comeback off the lows
tomthetrader: 9;33pm
(9:49 PM) Nick_H_SanDiego: nice spike
tomthetrader: yes
tomthetrader: stops in at break even now on 4
tomthetrader: 858.75
tomthetrader: 4 x 4.25 = 17 x 50 = $850 profit
tomthetrader: A good trade and nights work stage 1
tomthetrader: another coming soon
(10:05 PM) Nick_H_SanDiego: what's stage 2 ?
tomthetrader: Hope you guys are with me here
tomthetrader: next trade
tomthetrader: 858.75 -6.25 864.25 864.75 851.75
tomthetrader: Low of session 851.75 High was the open
PayPal : $75 to : tomandprisha@msn.com
Get the service you deserve ...everyday THE TTT WAY
Tom
850-329-6745
Call me for free advice
No comments:
Post a Comment