Ken-ST Moderator: [b]Good Morning[/b] [b]all[/b]

ak has logged out

mann good morning ken, james and everyone

ak has entered DayTrading Chat

ak gm all

ak Ken,I can't find the stocks listed in the left Panel.

DonUrsulo has entered DayTrading Chat

ak what exchange do they belong to.

ak ?

Ken-ST Moderator: lol

Ken-ST Moderator: [b]Good Morning[/b] [b]Don[/b]

Ken-ST Moderator: Should be up shortly

DonUrsulo gm ken, gm everybody

joecgoodman has entered DayTrading Chat

DonUrsulo Ken: remember our conversation yesterday CMED, I did good with your advise

Ken-ST Moderator: Nice Don, way to go

Ken-ST Moderator: [b]Good Morning[/b] [b]Joec[/b]

joecgoodman gm

DonUrsulo CMED lost 6points in the last 60 Minutes, unreal?

DonUrsulo has logged out

Ken-ST Moderator: yeah that can happen when a stock has no support

Ken-ST Moderator: due to lack of consolidation

tomh has entered DayTrading Chat

DonUrsulo has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]tomh[/b]

tomh gm

cleon has entered DayTrading Chat

cleon gm all

Ken-ST Moderator: [b]Good Morning[/b] [b]cleon[/b]

Todd-SOF Direct has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]Todd[/b]

Todd-SOF Direct gm everyone

cleon hey ken, quick question.  if a stock does not trigger and is off the alert screen on the swingtrades, is it cancelled?   i.e., YELL

Violet has logged out

Ken-ST Moderator: yes, it is cancelled

cleon ok, btw, how does CHRW look for a Type A?

jjwolfe has entered DayTrading Chat

jjwolfe GM All

Ken-ST Moderator: [b]Good Morning[/b] [b]jjwolfe[/b]

Ken-ST Moderator: CHRW:  very handsome

Ken-ST Moderator: Lets add that to the Type A watch

Ken-ST Moderator: ty

cleon does it matter when these Type As breakout? or anytime in is good to enter, including first few minutes? or do you wait after a pullback?

Ken-ST Moderator: doesn

Ken-ST Moderator: doesn't matter

cleon except gaps beyond entry, right?

Ken-ST Moderator: yes

cleon k, thx

rontrue has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]rontrue[/b]

entropy has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]entropy[/b]

entropy B?  WEBX

entropy ARXT

JOVID has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]JOVID[/b]

JOVID gm

Ken-ST Moderator: both still in recent range

stuart has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]stuart[/b]

stuart gm

Ken-ST Moderator: Be conservative with trading today gang

Joe has entered DayTrading Chat

Ken-ST Moderator: Holiday trading

Ken-ST Moderator: [b]Good Morning[/b] [b]Joe[/b]

Ryanjen will COO come back up today?

Joe Good Morning  Ken

kim has entered DayTrading Chat

david has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]kim, david[/b]

Ken-ST Moderator: really not sure Ryanjen

david Good Morning

Ken-ST Moderator: Daily chart, stochatics have room to fall, 5 min oversold

entropy RIMM

Ken-ST Moderator: market in favor of rally

Ken-ST Moderator: RIMM still gapping in range

Ken-ST Moderator: I am flying solo today gang

JP has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]JP[/b]

JP Hello everyone

Ken-ST Moderator: James is under the weather

DonUrsulo Ken: CMED for Type B?

Ken-ST Moderator: Its not gapping out of a congestion, or into an area not recently traded

pvg6799 has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]pvg[/b]

jy has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]jy[/b]

jy gm

jy RIMM is down big pre-market

gobble has entered DayTrading Chat

tms has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]gobble, tms[/b]

gobble GM

Nelson has entered DayTrading Chat

Ken-ST Moderator: with all that controversy over RIMM yesterday, its surprising that it was down just .58

Ken-ST Moderator: then for some reason today they area really selling it

Ken-ST Moderator: [b]Good Morning[/b] [b]Nelson[/b]

Ken-ST Moderator: Market Assessment:

Ken-ST Moderator: Daily Chart: above the 5 day EMA, stochastics up

Ken-ST Moderator: Hourly Chart: up

Violet has entered DayTrading Chat

Ken-ST Moderator: 5 min chart: up

Ken-ST Moderator: wb Violet

BRUNO3 has entered DayTrading Chat

Ken-ST Moderator: Market trading in new high territory

BRUNO3 GM

Ken-ST Moderator: Overall there is still an uptrending bias to the market.

Ken-ST Moderator: Futures are currently down 1 point

schu77 has entered DayTrading Chat

Ken-ST Moderator: but still above the 20 ema on 5 min

Ken-ST Moderator: [b]Good Morning[/b] [b]BRUNO, schu77[/b]

Ken-ST Moderator: Once again gang, trading may be very light today

Ken-ST Moderator: trade conservatively

schu77 morning Ken

Ken-ST Moderator: [b]For Day Trading we strongly suggest traders trade on a Direct Access Platform.  Web Brokers are not efficient enough.  Whether its Stocks, Options, or Futures, we recommend SOF Direct.com, http://sofdirect.com for your direct access trading needs.  See Todd in the trading room for a real-time level II platform.[/b]

Ken-ST Moderator: man, Im hungry for some turkey already

jww has entered DayTrading Chat

Ken-ST Moderator: [b]Good Morning[/b] [b]jww[/b]

jww hi ken

Ken-ST Moderator: GOOG also near all time highs

Vanja has entered DayTrading Chat

Ken-ST Moderator: Look at CMED go

Ken-ST Moderator: [b]Good Morning[/b] [b]Vanja[/b]

Vanja gm

Ken-ST Moderator: very nice exit Don

Ken-ST Moderator: gang, Don sold his swing trade holding in CMED near the highs yesterday

Ken-ST Moderator: W - T - G

Ken-ST Moderator: before the onslaught came in

Ryanjen coo is sailing up

Ken-ST Moderator: nice

Ken-ST Moderator: are you long?

joe has entered DayTrading Chat

Ryanjen yup

Ken-ST Moderator: nice

Ken-ST Moderator: [b]Good Morning[/b] [b]joe[/b]

Ken-ST Moderator: Once again gang, its holiday trading mode, trade conservatively

Joe has logged out

Ken-ST Moderator: [b]Watching for Type A Buy on[/b] [b]GRMN 62.01[/b]

Jose has entered DayTrading Chat

Ken-ST Moderator: [b]Watching for Type A Buy on[/b] [b]GRMN 62.01[/b]

Ken-ST Moderator: [b]Watching for Type A Buy on[/b] [b]GRMN 62.01[/b]

Ken-ST Moderator: [b]Watching for Type A Buy on[/b] [b]OVTI 17.15[/b]

Ken-ST Moderator: [b]Watching for Type A Buy on[/b] [b]OVTI 17.15[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CHRW 41.42[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CHRW 41.42[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CHRW 41.42[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.16[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.16[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.16[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 32.85[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 32.85[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 32.85[/b]

Todd-SOF Direct has logged out

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PETC 20.03[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PETC 20.03[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]PETC 20.03[/b]

Ken-ST Moderator: Will wait for a better pullback on AAPL

dana has entered DayTrading Chat

Ken-ST Moderator: gm dana, jose

Ken-ST Moderator: CWTR is close

Jose gm

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]CWTR 32.85[/b]

Yorba has entered DayTrading Chat

Ken-ST Moderator: gm Yorba

Yorba has logged out

Yorba has entered DayTrading Chat

Yorba gm all

Ken-ST Moderator: gm

Ken-ST Moderator: CWTR is close

Todd-SOF Direct has entered DayTrading Chat

Ken-ST Moderator: wb Todd

Todd-SOF Direct ty Ken

Ken-ST Moderator: OVTI is close

Ken-ST Moderator: Adding SCHN to watch

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]OVTI 17.15[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]OVTI 17.15[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]OVTI 17.15[/b]

Joe has entered DayTrading Chat

Ken-ST Moderator: wb

Ken-ST Moderator: ALXN is getting close

Ken-ST Moderator: GOOG hitting new highs

Ken-ST Moderator: SCHN is close

Vanja has logged out

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]OVTI  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]OVTI  [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]OVTI  [/b]

JP Look at ALXN go

Ken-ST Moderator: wow that is dangerous

Ken-ST Moderator: yikes

Vanja has entered DayTrading Chat

Ken-ST Moderator: wb Vanja

JP Yeah....but fun to watch

Ken-ST Moderator: yeah, look at that level II goo

Vanja crappy dsl service provider ...

fzappia2 stop on CHRW?

Ken-ST Moderator: 40.80

fzappia2 tk

Ken-ST Moderator: no problemo

Ken-ST Moderator: Look at that pullback on ALXN

Ken-ST Moderator: OVTI at hod

jy OVTI close to profit

JP Up almost 5% in 2 minutes.....and then right back down almost 5% 2 minutes later.  Crazy.

JP ALXN that is

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: If AAPL triggers, take quicker profits

Ken-ST Moderator: the stop will be tight at the low of the pullback

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]PETC 21.40[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PETC [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PETC [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]PETC [/b]

Vanja nice

Ken-ST Moderator: gj Vanja

cleon wow

Ken-ST Moderator: AAPL is close

Ken-ST Moderator: If AAPL triggers the stop will be 67.14

Ken-ST Moderator: I would suggest playing it tight with quick profits

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 32.28[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 32.28[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]CWTR 32.28[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]OVTI[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]OVTI[/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]OVTI[/b]

cleon NVDA at next HOD ?

stuart Nice call on OVTI

jy CWTR goes both ways if trigger long or short

Ken-ST Moderator: wtg stu

Ken-ST Moderator: yes jy

jy ty

Ken-ST Moderator: NVDA in nice trend....

Ken-ST Moderator: however I am a little reluctant to jump on those without a consolidation day

Ken-ST Moderator: simply because it is more like holiday trading

Ken-ST Moderator: however, if you do decide to play it I would suggest quicker profits

Ken-ST Moderator: holiday trading tends to produce consolidation days

Ken-ST Moderator: hope that makes sense

cleon ok

Ken-ST Moderator: so lets say NVDA closes here today

Ken-ST Moderator: it will setup a nice Type A for hte next trading day

Ken-ST Moderator: and today would be considered the ideal consolidation day

Ken-ST Moderator: just by looking on the daily chart

rogerj has entered DayTrading Chat

Ken-ST Moderator: gm rogerj

Ken-ST Moderator: AAPL is close

Ken-ST Moderator: planned stop if AAPL triggers is now 67.13

Ken-ST Moderator: CWTR is close as well

rogerj hey!

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]AAPL 67.46[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.13[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.13[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.13[/b]

Ken-ST Moderator: Take quick profits on AAPL gang

cleon cwtr

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CWTR 32.85[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CWTR 32.85[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]CWTR 32.85[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 32.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 32.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CWTR 32.49[/b]

cleon ovti hod

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CWTR [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CWTR [/b]

Ken-ST Moderator: [b]1% PROFIT HIT. Consider taking some profits in[/b] [b]CWTR [/b]

jy CWTR sweet

cleon definately

Ken-ST Moderator: gj gang

entropy K with all due respect to J........................................

jy ty

gobble ovti @ hod

Ken-ST Moderator: OVTI new hod

jy the markt wants to go higher

Ken-ST Moderator: Stoch up, market above the 5 ema.

Ken-ST Moderator: Market currently less than a point away from new highs on the year

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]AAPL [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]AAPL [/b]

Ken-ST Moderator: [b]UPDATE: Moving stop to entry[/b] [b]AAPL [/b]

Ken-ST Moderator: Thats right gang, tight on AAPL

Ken-ST Moderator: scale out with moves in your favor

Ken-ST Moderator: take quicker profits

Ken-ST Moderator: The stock may go higher but be conservative today

Ken-ST Moderator: OVTI new hod

entropy .....................great solo act

jy i agree

Ken-ST Moderator: ty

entropy take a bow

Ken-ST Moderator: Less stocks on watch list today

Ken-ST Moderator: Risk nothing on AAPL gang

cleon not a bad morning for another supposedly bad trading day - i think you guys do best on lousy days! :)

Ken-ST Moderator: nice move going on

Ken-ST Moderator: lol

Ken-ST Moderator: AAPL new hod

Ken-ST Moderator: Market on verge of new highs

Ken-ST Moderator: there it is

Ken-ST Moderator: scale out with moves in favor on AAPL gang.

entropy like scaling a fish

cleon SCHN making a nice comeback

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: that was a Swing Trade alert that went void at the open

cleon is it riskier without some basing before breakout?

Ken-ST Moderator: on  what type of setup?

cleon SCHN now

cleon intraday basing

Ken-ST Moderator: little riskier yes

Vanja what would the stop be on SCHN ken?

Ken-ST Moderator: lod

Vanja ok

cleon on a separate note - i had a stop loss in for the buy this morning so got into SCHN to high on the swing trade (broke your gap rule).  should i ride it out? or get out at breakeven now

Ken-ST Moderator: If it breaks the HOD, then play it like a day trade

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SCHN 34.98[/b]

cleon HOD

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SCHN 34.98[/b]

Ken-ST Moderator: is what I would suggest

cleon LOL

Ken-ST Moderator: lol

cleon stay in i take it

cleon LOL

cleon flighty stock

Ken-ST Moderator: The reason why we cancel on a gap up is because you dont want to run the risk of the stock reversing on a gap

bearrally has entered DayTrading Chat

Ken-ST Moderator: gm Bear

cleon i know - dumb mistake on my part - oh well, might not cost me too much if this thing takes off

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.59[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.59[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.59[/b]

Ken-ST Moderator: In the money on AAPL

Ken-ST Moderator: Market new all time highs

cleon ovti still cruising

Ken-ST Moderator: Yes, nice runner

Ken-ST Moderator: Those in on KOMG secondary, consider moving stop to the lod 33.15

cleon thx

kimmron ken, stop on SCHN?

Ken-ST Moderator: Currently 34.18

Ken-ST Moderator: Suze Orman looks freaky to me

kimmron tnx

cleon she and cramer should hook up

Ken-ST Moderator: lmao

cleon cwtr approaching new HOD

ak she is the Female version of Kramer

cleon worth a long?

Ken-ST Moderator: can you imagine the hyperactive, fake tan kid would look like

Ken-ST Moderator: we will not issue cleon, but there is a clear stop and may be a profitable scalp

Ken-ST Moderator: as market approaches new highs

Ken-ST Moderator: but teh 5 min stoch are overbought

Ken-ST Moderator: and you want to be conservative today

cleon LOL a girl with no hair and a loud mouth (and short)

entropy has logged out

Ken-ST Moderator: lol

Ken-ST Moderator: Thats a nice pullback/consolidation on SCHN

Ken-ST Moderator: Would love to see a nice surge past the whole number 35 resistance

ak BOOOYAH

cleon cwtr moving nicely too

Ken-ST Moderator: CWTR new hod

Ken-ST Moderator: Cancel ZBRA type A alert

Ken-ST Moderator: PETC approaching the HOD too

entropy has entered DayTrading Chat

Ken-ST Moderator: also a nice setup for possibly more upside

Ken-ST Moderator: GOOG near all time highs

Vanja ken, what would the stop be if played PETC at hod?

cleon petc has a nice gap to fill

cleon looks like the right pattern too for a big break ;)

Ken-ST Moderator: 21.29 Vanja

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]AAPL 67.69[/b]

Ken-ST Moderator: More in the money on AAPL

Vanja thanks ken

Ken-ST Moderator: np

cleon there goes PETC!

Ken-ST Moderator: yes sir

Ken-ST Moderator: Already a nice 1%+ MOVE

JP That was quick

Vanja i missed it :(

Vanja too fast

cleon made my day on that one

Ken-ST Moderator: cool

Ken-ST Moderator: wow, did you guys see that on CNBC?

cleon no - what happened?

JP What?

Ken-ST Moderator: A pastor go sucker punched while he was going his sermon

Vanja no what?

Ken-ST Moderator: got

cleon was it cramer?

entropy has logged out

bearrally cme up 6 on 158k shares

JP Did someone want his Xbox 360?

Ken-ST Moderator: lmao

Ken-ST Moderator: is that a lot for that stock bear?

Ken-ST Moderator: market at new hod

cleon does GPRO look like a type c at all?

Ken-ST Moderator: Market too overbought to be calling a Type C buy

cleon k

jww has logged out

cleon ovti has the same look on the other side

entropy has entered DayTrading Chat

bearrally pretty light ken

Ken-ST Moderator: No resistance on Daily chart for that one

cleon to turn it you mean?

bearrally will all that bad news rimm didn't even move

bearrally with

Ken-ST Moderator: to issue a Type C short we want the stock to be near a resistance area on its daily chart

Ken-ST Moderator: CWTR new hod

Ken-ST Moderator: Really Bear.....thats odd

cleon ok, so you're typically looking for a bounce then (off of some resistance during the reversal)

Ken-ST Moderator: furthermore, that news was out yesterday

Ken-ST Moderator: and the stock didnt move much

Ken-ST Moderator: PETC new HOD

Ken-ST Moderator: for Type C we are looking for three factors to be in our favor.....stock to be near a resistance area on Daily chart

Ken-ST Moderator: Market in our favor

Ken-ST Moderator: and a break in the 5 min 5ema trend

Ken-ST Moderator: after a prolonged trend above it

cleon cool, thx

Ken-ST Moderator: np

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 40.92[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 40.92[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 40.92[/b]

Yorba has logged out

Ken-ST Moderator: Cancel All Type B alerts

Ken-ST Moderator: Bear what do you have going right now?

Ken-ST Moderator: CWTR new hod

Ken-ST Moderator: any questions?

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]AAPL for PROFIT[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]AAPL for PROFIT[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]AAPL for PROFIT[/b]

Moharram has entered DayTrading Chat

Ken-ST Moderator: hi Moharram

stuart Good call on the AAPL exit

Ken-ST Moderator: tx stu

Ken-ST Moderator: hopefully most of you were scaling out near the top

Ken-ST Moderator: GOOG new all time highs

cleon boy nvda sure tanked

Ken-ST Moderator: yeah looks more like a consolidation day

tomh Ken, what are the rules for type B stocks like PETC and ALXN. Huge gap down, quick selloff, and then a breakout above the early morning high in the first few minutes of trading. Is that a valid buy signal for your system?

Ken-ST Moderator: For fading gaps, we look for the stock to test its 5 ema on 5 min, then we issue a buy alert after a pullback/consolidation

tomh Thanks

Ken-ST Moderator: sure no problem

Ken-ST Moderator: I am testing a possible earlier entry with the 5 ema on 1 min for fading gaps, but as always there is initial resistance at the 5 ema on 5 min

Ken-ST Moderator: But its good for scalping which I am not a big fan of

Ken-ST Moderator: others may though

Ken-ST Moderator: nothing wrong with it

tomh Good to know.

Ken-ST Moderator: ALXN is a great example

Ken-ST Moderator: PETC as well for an early entry

Ken-ST Moderator: but again, I am just looking at it for now

Ken-ST Moderator: nothing concrete

Ken-ST Moderator: but a possible early entry into PETC would have been at 20.67

Ken-ST Moderator: ALXN at 22.59

tomh PETC Would not have hit resistance until 21.50

Ken-ST Moderator: yes, which is the 5 ema on 5 min

tomh Both would have given nice profits but you would have to be quick on ALXN

Ken-ST Moderator: yes exactly

Ken-ST Moderator: more like scalping

bearrally have a good thanks giving everybody

Ken-ST Moderator: ok bear

Ken-ST Moderator: have a good one

bearrally see you guy next week

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Ken-ST Moderator: gm MD

Ken-ST Moderator: Watching CNBC....trying to see if they play that clip of the paster who got punched

Ken-ST Moderator: ah no luck, maybe next time around

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Ken-ST Moderator: any big plans for the Thanksgiving break?

cleon check the websites - drugereport probably has a clip

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cleon drudge

Ken-ST Moderator: let me know if you find it

tomh Lots of family coming. Time to go get ready. Thanks for great week!  Later..

Ken-ST Moderator: ok tomh

Ken-ST Moderator: have a great Thanksgiving

tomh Same to all of you.  Eat well , trade better!

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joe Have a good tom, thanks again for that spreadsheet

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Ken-ST Moderator: wb

BRUNO3 TY - COMPUTER PROBLEMS !

ak ken, Would ALXN qualify for LOD after lunch? or is it near support area.

Ken-ST Moderator: It would qualify after lunch

Ken-ST Moderator: possibly as early as 1:00 pm

ak The way it was moving in the morning, it might take an early lunch break. lol

Ken-ST Moderator: lol

Ken-ST Moderator: yup

ak Is MKt open Friday?

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JP for a half day

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Ken-ST Moderator: Markets are open until 12:00

Ken-ST Moderator: or 1:00

Ken-ST Moderator: We will only open this trading room for the first hour or so

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Ken-ST Moderator: Note that the market breakout to new highs on the day is during the lunch period

ak Sounds good. Make quick profits and spend rest of the day.

Ken-ST Moderator: exactly

Ken-ST Moderator: I would suggest the same here

Ken-ST Moderator: If you are nicely in the plus, start your Holiday early

ak OR give it to the market quickly and SLeep all day. lol

Ken-ST Moderator: Nothing better than profiting before a holiday

Ken-ST Moderator: Food will taste a whole lot better

ak Add some expensive liquor to the mix.

ak SCHN is holding the liquor money for now. lol

Ken-ST Moderator: lol

Ken-ST Moderator: yup

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Ken-ST Moderator: hi kimmron

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kimmron hi. connection problems

Ken-ST Moderator: News update on CNBC

Ken-ST Moderator: lets see if they have the pastor clip

Ken-ST Moderator: there it is

Ken-ST Moderator: lol

Ken-ST Moderator: wow

Ken-ST Moderator: There's something  you don't see everyday

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Ken-ST Moderator: be right back gang

Ken-ST Moderator: ALXN lunch time trigger

Ken-ST Moderator: taking a 20 minute break here

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Ken-ST Moderator: Im back

Ken-ST Moderator: OVTI new hod

Vanja any early triggers ken? or are we waiting till 1:30

Ken-ST Moderator: We will open up short alerts here

Ken-ST Moderator: with the 1:00 turn and market stochstics in overbought territory

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Vanja ok

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Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.10[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.10[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]ALXN 21.10[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SCHN 34.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SCHN 34.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SCHN 34.49[/b]

ak nothing is happening.

Vanja yep. pretty boring

Ken-ST Moderator: sure is

Ken-ST Moderator: If you managed a nice profit in the early morn

Ken-ST Moderator: consider heading out

Ken-ST Moderator: no sense in forcing out trades during a tough trading day before a holiday

Vanja i may as well get back to my nap :)

Ken-ST Moderator: Nap.....sounds good to me

ak I am still hoping to get some liquor money out of SCHN.

Vanja i fell asleep for about 15 minutes and then my alarm went off at 1:00

Ken-ST Moderator: Note the weak breakdown on ALXN during lunch

Ken-ST Moderator: probably caught a few shorts

Ken-ST Moderator: which is why we hold off onl lunch time breakdowns

Ken-ST Moderator: or breakouts

ak what does that tell us?

Ken-ST Moderator: Just tells us its a good thing we didnt enter yet

Ken-ST Moderator: No telling what could happen from here

ak besides don't trade during lunch

Ken-ST Moderator: If  it goes back down to take out the lod, then it is more legit

ak A weak break down or break out is not a sign of reversal on its own. correct?

Ken-ST Moderator: Not during lunch

Ken-ST Moderator: Lunch time is hard to make heads or tails of what the true move is

Ken-ST Moderator: A breakdown after 1:30 gives a clearer picture

ak basically trsut nothing what happens during lunch time. Just eat and nap.

Ken-ST Moderator: [img id=em-8]

ak Looks like I won't be drinking any Liquor and will be eating cheap food because of SCHN.

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SCHN 34.49[/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SCHN [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SCHN [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]SCHN [/b]

Ken-ST Moderator: Turkey is relatively cheap but still very good

ak without stuffing is what I can afford now.

ak lol

Ken-ST Moderator: Stove Top stuffing perhaps?

Ken-ST Moderator: lol

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Ken-ST Moderator: wb fzappia2

Ken-ST Moderator: We are now offically out of lunch

fzappia2 hi Ken

Ken-ST Moderator: many stock trading in a range however

Vanja I'm out.. hope everyone has a Happy Thanksgiving

Ken-ST Moderator: Thanks Vanja. you too

Ken-ST Moderator: ty

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cleon stillness....

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Ken-ST Moderator: nothing going on

cleon yup

cleon ok, i'm out too for the break - hope everyone has a great holiday - thanks ken

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Ken-ST Moderator: ty cleon

Ken-ST Moderator: you too

JP I'm heading out as well....gotta go buy the booze.  Have a Happy Thanksgiving everyone!

Ken-ST Moderator: ok JP have a good one

Ken-ST Moderator: ty

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Ken-ST Moderator: OVTI new hod

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Ken-ST Moderator: Are there any questions?

Ken-ST Moderator: GOOG new all tiem highs

Ken-ST Moderator: time

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 41.17[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 41.17[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]CHRW 41.17[/b]

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Ken-ST Moderator: WB

Ken-ST Moderator: Sorry gang I dont see much at all right now

Ken-ST Moderator: market new hod

Ken-ST Moderator: CHRW taking all day but making a comeback

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Ken-ST Moderator: GA jk1

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Ken-ST Moderator: Any questions/comments?

Ken-ST Moderator: many traders heading out early for the holiday

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Ken-ST Moderator: Cancel all alerts

joe maintain position on CHRW for now

Ken-ST Moderator: The stop is good for now

Ken-ST Moderator: We do have markets in a sideways to downtrend currently

Ken-ST Moderator: however

Ken-ST Moderator: So the trade is risky

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Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CHRW  [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CHRW  [/b]

Ken-ST Moderator: [b]STOPPED Consider exit in[/b] [b]CHRW  [/b]

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jy TY Ken, a decnt day. Went to my ATM again and made some profit. Have a nice Thanksgiving eveyone.

Ken-ST Moderator: gj jy

Ken-ST Moderator: ty

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Ken-ST Moderator: Have a nice Thanksgiving

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ak Happy Thanksgiving Everyone. bye for now.

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rogerj Ken and gang--thanks for a great week-enjoy turkey see you all  monday !!

Ken-ST Moderator: OK Rojerj

Ken-ST Moderator: rogerj

Ken-ST Moderator: ty

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Ken-ST Moderator: Any questions?

Ken-ST Moderator: If not I will be heading out here

Ken-ST Moderator: Great,

Ken-ST Moderator: I will see you all on Friday

Ken-ST Moderator: Have a very nice Turkey Day

Ken-ST Moderator: Eat up

Ken-ST Moderator: Take care everyone.