Monday, February 9, 2009


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
(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: 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 ? you think this is a sign ?
tomthetrader: AAPL on fire
tomthetrader: please go to 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 WANT long 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 and e-mail me as this is a paid site and members only but always looking for new members ads just word of mouth
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: 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
(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: 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:
(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
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tomthetrader: we are within 100 Dow points of a possible TTT BUY signal
tomthetrader: but again 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: 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: 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
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 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:
(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....
(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 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 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 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 ?
(4:14 PM) Nick_H_SanDiego: Tom glad to hear your thick skin is back.
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
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

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