Ken-ST Moderator: GM ALL

conanboxer Good Morning

Ken-ST Moderator: Good to see everyone

Steve gm ken

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conanboxer I could not believe that Little Kim actual did it....

DavidBer Ken - James told us to harrass you every 5 minutes about getting a new server.  Thought I would start it early.

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benbeth gm

jvt did what conan

rdub Hey Ken welcome back!

gd\ gm all

Ken-ST Moderator: yes we are working on it no doubt

conanboxer Nuk testing

rdub hope you had an enjoyable week

gd\ has logged out

Ken-ST Moderator: we have been for the past couple months

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Ken-ST Moderator: ty rdub

gd has entered DayTrading Chat

rdub yw

gd gm all

Ken-ST Moderator: gm conan, davidber, bob, benbeth, sieno, gd

mellowg morning ken.... headsup with server

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conanboxer Last night I was watching CNBC Asia when the news came in.....it was crazy

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Ken-ST Moderator: gm Gantra, Kelly

Kelly gm all and wb ken

Gantra morn'n

Ken-ST Moderator: ty Kelly,  great to be back

Kelly yeah im glad ur back!

mellowg ken...james did a tremendous job keeping all the monkeys in line here... he needs congrat

Ken-ST Moderator: Good to hear

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Pontiff gm gang

Ken-ST Moderator: GM PONTIFF

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Ken-ST Moderator: gm Newbie

allegro_bob well columbus day and korea should make for an interesting day

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Pontiff welcome back Ken-bo

Ruben Hi everyone

Ken-ST Moderator: ty Pontiff

Ken-ST Moderator: gm Ruben

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Pontiff Ken ready when you are to trade the e-mini's!

rdub same here

mellowg 5 cents worth...attack iraq but talk to n.corea...that is bush in a NUT shell

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Ken-ST Moderator: yeah, we were planning on starting around this time, but I am not ready.  I need another week or so.

jorge gm everybody

Ken-ST Moderator: gm 2thdr, jorge

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Bruno3 Gm

Ken-ST Moderator: gm Bruno

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2thdr gm

Ken-ST Moderator: gm Momo

allegro_bob yeh Ken - stocks aren't doing it --- lets talk minis :)

momo gm

Pontiff Ken whats the hold-up due to?

Ken-ST Moderator: I am not presenting things as clear as I want them to be

Ken-ST Moderator: Plus, I am using this week to test out the new brokerage

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Ken-ST Moderator: gm JQ

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rdub new brokerage for autotrade, or your own?

Pontiff Ok Ken...so the room should be up and running sometime between next Monday 10/16 and the following Friday 10/27?

Ken-ST Moderator: for the company

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mellowg CAKE ??

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Ken-ST Moderator: there are 4 Type Bs up

Ken-ST Moderator: but here are others that I will have my eye on:

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Ken-ST Moderator: CAKE, SEPR, PRSC, MATK

Ken-ST Moderator: gm 888, qwe

JQ gm gang

qwe gm everyone

JQ wb Ken

Ken-ST Moderator: ty JQ

Ken-ST Moderator: glad to be back

jvt only one mod this wk?

Ken-ST Moderator: just for today jvt

Ken-ST Moderator: Scott is returning tomorrow

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Ken-ST Moderator: gm jg

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jy gm

jvt james on vacation now?

Ken-ST Moderator: I gave him a break.  He is just working on the swing trading side.

mellowg james had white hair at the brginning of last week...not to worry, now no hair

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Ken-ST Moderator: lol

ms gm all

Ken-ST Moderator: yeah I heard there was a bunch of server issues

Ken-ST Moderator: gm ms

Ken-ST Moderator: gm jy

jvt yea it was better on friday and today seems better

Ken-ST Moderator: Sorry about all the issues.  Really out of hands, but we are working dilligently to remedy that

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Ken-ST Moderator: So that we wont have to rely on a third party

Ken-ST Moderator: gm alex

alex gm Ken

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Ken-ST Moderator: [b]***********Market Assessment**********

Daily Chart:  Above the 5 day EMA, Stochastics in uptrend

Hourly Chart: Uptrend with 20 EMA above the 50 EMA

5 min Chart:  Uptrend with 20 EMA above the 50 EMA 

Overall bias to the market is to the upside.  Markets are in multi-year high territory.  Futures currently in the p/d range, gapping down 2.5 points.[/b]

Ken-ST Moderator: gm jharms

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Ken-ST Moderator: gm jb

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Ken-ST Moderator: gm driver

johnboy good morning Ken, Scott, everybody

driver gm

driver wb

Ken-ST Moderator: ty driver

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Ken-ST Moderator: How did everyone do last week?

mellowg ended up positive by the finger nails

jharms I had my first good week in a while

Ken-ST Moderator: cool

Ken-ST Moderator: good to hear

mellowg i notice ken is not advising to be conservative....let

Pontiff Ken how risky is the trading today...you usually add something to the end of your market assessment...

Ruben Draw.

mellowg let's kill em

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driver should be an up day

Ken-ST Moderator: lol.  its never a ticket to go crazy.  Just that the trends should have open up more.  Today is Monday, which is the second worst day of the trading week.

mellowg that is a cold shower...hummmm

ms Ken when does your futures trading start

Ken-ST Moderator: but we are not in a trading range, so conditions should have opened up some.

Ken-ST Moderator: ms, I am hoping in the next week or so.

Ken-ST Moderator: I dont want to start it until everything is set.

ms looking forward to it

Ken-ST Moderator: [b]Good Trading today gang.[/b]

Ken-ST Moderator: INFY still in trading range

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Ken-ST Moderator: CECO is close

Ken-ST Moderator: gm dennis

dennis gm Ken

allegro_bob ebay jumping

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Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NRPH 39.18[/b]

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Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NRPH 39.18[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]NRPH 39.18[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 51.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 51.26[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SEPR 51.26[/b]

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Ken-ST Moderator: CREE IS close

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Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHPGY 56.66[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHPGY 56.66[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]SHPGY 56.66[/b]

Steve 57.66?

driver 56.66

Steve ignore

driver HOD is56.65

allegro_bob yeh sndk

allegro_bob nvda

Ken-ST Moderator: NTRT  little too wide of a spread for us

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 51.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 51.26[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SEPR 51.26[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 50.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 50.69[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SEPR 50.69[/b]

Ken-ST Moderator: Market still in recent range

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

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

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

Ken-ST Moderator: market dipping a little, playing on tight side

rdub NRPH close

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NRPH 39.17[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NRPH 39.17[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]NRPH 39.17[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NRPH 38.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NRPH 38.24[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]NRPH 38.24[/b]

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

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

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

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

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

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

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

allegro_bob nrph to the moon - thx ken

Ken-ST Moderator: GJ

Ken-ST Moderator: SEPR heart breaker

Ken-ST Moderator: came within pennies

Ken-ST Moderator: we move one

Ken-ST Moderator: on

driver is SHPGY OPEN status now?

Ken-ST Moderator: no driver

Ken-ST Moderator: not yet

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Ken-ST Moderator: gm dp

Steve Ken, NRPH 39.18 on table ?

Ken-ST Moderator: ?

Steve wasn't trigger at 39.18, not 39.17 (I know I'm being picky)

jy ken, yes on SEPR.

Ken-ST Moderator: ty steve

Ken-ST Moderator: fixed

Steve sorry, it's the engineer in me !

DavidBer Look at the burning volume of CREE and CECO

allegro_bob lol Dave no joke

driver they both dead

ryan hi ken, what factor(s) did you look at to determine to get out of SEPR?

driver spread on NTRT is huge

DavidBer I would be afraid to trade more than 2k shares as it would be hard to get out

DavidBer Lovely LIZ time :)

Steve ERIN's looking hot

driver CREE almost new HOD

DavidBer Cale send Erin out with her hair fixed next time

Ken-ST Moderator: lol

DavidBer Notice I do a better job sending Liz out than you do with Erin

allegro_bob Cale - have her stop by my place - I'll do her hair - know what I mean - know what I mean !

Ken-ST Moderator: NRPH new hod

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.44[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.44[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.44[/b]

Gantra 54.74?

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Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.74[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]SHPGY 54.74[/b]

Ken-ST Moderator: TY Gantra

Steve good catch Gantra

Gantra yw

Ken-ST Moderator: yes nice

Ken-ST Moderator: market still in recent trading range

ryan ken, i know you won't record it or issue it again, but if NRPH hits HOD again - is it valid?

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Ken-ST Moderator: its a valid setup, but extended.  If you do take that chance, a tight stop is recomended

ryan ok, thx!

jvt cree is near

jorge Ken why INFY wasnt taken as a long trade?

Ken-ST Moderator: still in recent range jorge

Ken-ST Moderator: pre market it was near to the breakout area, so i put it up as a watch

jorge ty

Ruben CREE is open?

driver nope

jharms has left the room

driver didnt hit entry price yet

JP nope

DavidBer Sorry I messed up Liz's hair

driver cree moves slowly but surely, but ceco is slower than snail

Ken-ST Moderator: haha david

DavidBer It was the best 2 minutes of my life

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

Gantra i took NTRT Long at HOD!  LOL

driver me too

driver lol

Ruben Short for NTRT?

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CREE 21.86[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CREE 21.86[/b]

Ken-ST Moderator: [b]TYPE A Trade (Breakout). Consider Buy[/b] [b]CREE 21.86[/b]

Ken-ST Moderator: only if it gets down there Ruben

Ken-ST Moderator: right now it is not a play

Ken-ST Moderator: NTRT spread is on questionable side

Ken-ST Moderator: so be cautious

Ken-ST Moderator: a long for the stock would be 17.01

Steve Ken, do you think spread will decrease as (if) price approaches/breaks thru trigger price ?

Ken-ST Moderator: increase

Ken-ST Moderator: as it breakouts

Ken-ST Moderator: on a thin stock, wide limits are in order

Ken-ST Moderator: thin stocks demand good routing and execution skills

Steve I know what you mean about routing, what do you mean about execution skills ?

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Ken-ST Moderator: executing your trades

johnboy ........cue Kenny Rogers "the Gambler".....

Ken-ST Moderator: when to place your trades, what kind of order

Steve gotcha - thx

Ken-ST Moderator: you need to take profits when you can, not when you have to with those

Ken-ST Moderator: use momentum and spread to your advantage

Ruben stop limit

ryan does that mean that with thinly trades stocks we should exit before the 1% target many times?

allegro_bob 1% nvda

Gantra bob, nice

DavidBer Hey BOB, why didn't you point that out to Ken :(

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DavidBer Ken was the setup 31.51 on NVDA this morning?

allegro_bob Dave - Called it at 9:36

JP There really wasn't a set up.  The stock wasn't gapping.  Old 52 week high was 31.88 so you could say there was a trigger at 31.89.

DavidBer Thanks bob

Ruben Using stop limit, what difference do you suggest between limit price and activation price?

Gantra INFY just blasted off.  My limit was too close.

Steve too bad gantra

Gantra yup it would have been golden

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Ken-ST Moderator: not necesarily Ryan.  In fact it would probably mean the 1% will be exceeded

Ken-ST Moderator: and hit target faster

Ken-ST Moderator: because it is so thin and moves quickly

jy GOOG up 2.6% so far today $11

driver its a monster

Ken-ST Moderator: gj bob

Ken-ST Moderator: but with thin stocks, I am lookiing to take my shares off with momentum in my favor

Ken-ST Moderator: traders may get greedy at those times becuase the stock is moving so strongly in their favor, but with thin stocks its a must

Gantra Wow.  Almost 5minutes in NTRT with no trade.  Volume has really dropped.

driver for a price to move on a stock, someone has to buy at market right?

Ken-ST Moderator: with good momentum, the spread widens, and you can throw your order out there on the offer to sell and make out on the spread

Ken-ST Moderator: all you need is your hot key set to sell at offer or buy at the bid

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Ken-ST Moderator: NTRT is clsoe

Ken-ST Moderator: close

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

2thdr no shorts on IB

ryan ken, do you think your new e-mini's broker will allow autotrade?

Ken-ST Moderator: Working on it.  but may also have another solution.  possible managed fund

Steve IB as in Interactive Brokers ?

Ken-ST Moderator: nothing is set yet

rdub that idea sounds kinda cool Ken

2thdr yes, interactive brokers

rdub IB can suck for finding shorts at times

traderjoe I emailed IB about this, they said I could short, but didn't say how

Steve no shorts at all - wow, what's up (or down)

mellowg helpful

Ken-ST Moderator: The previous brokers were not efficient in their fills to mine.  Found out there really isnt anything good out there that will fill efficiently

rdub even on the highly liquid e-mini's?? .. wow, that's bad

Steve SEPR dropping

ryan but if you start a fund that must take some time.  you would have to issue a prospectus and go through the approval process with sec, no?

Ken-ST Moderator: its the way they were entering the orders

Ken-ST Moderator: I place all limit orders

Ken-ST Moderator: They system were to send market orders when i get filled

rdub not good for the other traders...

Ken-ST Moderator: Different ways to do it.  But no it would not take that long

ryan i see

Ken-ST Moderator: We are already registered CTAs

ryan would you charge a percentage as the management fee?

Ruben Ken. Do you place limit order with some difference between limit price and activation price?

Ken-ST Moderator: Truthfully, havent got that far, we are just looking for the best route.

Ken-ST Moderator: to take

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Ken-ST Moderator: Yes Ruben, when i place limit orders, i do give a cushion

Ruben 2 cents is OK?

Pontiff Ken what do you think about SOF Directs DAS Trader Pro to trade the e-minis S&P's?

Ken-ST Moderator: it depends on the stock ruben, but .02 is small

Ken-ST Moderator: I would normally do it on thin stocks

Ken-ST Moderator: I would normally scan the level II near the breakout price

Ken-ST Moderator: look for an area with ample shares, click on that price and send away

Ken-ST Moderator: most other times I have my hot key for market orders ready

Ken-ST Moderator: when selling out, I have my hot key to sell at offer or buy at the bid ready

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rdub Ken do u always get filled instantly that way?

Ken-ST Moderator: with limit?

rdub ya, on the hot key exit

Ken-ST Moderator: yes, most of the time

rdub do u check offer size first to make sure it matches yours?

rdub .. or bid size

Ken-ST Moderator: you mean when selling at offer or buying at the bid?

Ken-ST Moderator: SHPGY is close

rdub ya, on your "instant" exits

Ken-ST Moderator: yeah, I get filled almost immediately

Ken-ST Moderator: I use this analogy all the time.  Its like throwing yourself out in front of a moving bus

Ken-ST Moderator: Note that SHPGY is very close, but the stop is noted as very wide

rdub but do u always verify that the SIZE matches first .. just trying to get a sense for how much time u take

Ken-ST Moderator: it takes me a split second

Ken-ST Moderator: You dont check for size at all

Ken-ST Moderator: there is nothing to match

Ken-ST Moderator: the stock is screaming in your favor

Ruben SHPGY is near 56.66

rdub ahh, ok

rdub thanks\

Ken-ST Moderator: say you are long, you are throwing an order out to sell at the offer

Pontiff Ken are you comfortable if I use SOF DIrects DAS Trader Pro to trade the e-mini S&P's?

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHPGY 56.66[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHPGY 56.66[/b]

Ken-ST Moderator: [b]TYPE B Trade (Gap). Consider Buy[/b] [b]SHPGY 56.66[/b]

Ken-ST Moderator: I would use them if I am also using them to trade the equities

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.49[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.49[/b]

Ken-ST Moderator: Stop is loose right now, but will look to tighten as sooon as possible

Pontiff Ken thats what I am going to do but do you know if they are good on their fills?

Ken-ST Moderator: Yes fills are good.  And it is very conveinent that you can use your buying power for both kinds of trading.

Pontiff Ken why are you scouting out another trading platform if DAS is that good?

Ken-ST Moderator: There are better platforms that are solely dedicated to futures trading

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jy NRPH amazing over $41

Ken-ST Moderator: RYAN did you get in on that NRPH at a new hod you were talking about?

allegro_bob NRPH has been pausing at .50 levels

allegro_bob 39.50  40.50   41.50

Ken-ST Moderator: CANCEL ALL TYPE B ALERTS.  We will resume Type Bs after 1:00 pm est.

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Ruben Ken, you mean only NTRT?

Steve and SHPGY Short

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Ruben SHPGY short is cancelled

Ken-ST Moderator: Yes

Ken-ST Moderator: Will start to scan for Type C setups shortly

Ruben How do they work type C?

Ken-ST Moderator: We look to capitalize on potential tops and bottoms on stocks intraday

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Ken-ST Moderator: wb alex

Ken-ST Moderator: Any questions / comments?

Steve someone please kick SHPGY

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Ken-ST Moderator: Hello Spemin

spemin Hi Ken, thank you!

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allegro_bob nrph again

allegro_bob wouldn't you have loved to have gotten that yesterday +15.83

Ken-ST Moderator: maybe some call options on that would have been nice

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allegro_bob need that fda insider trading newsletter :)

Ken-ST Moderator: lol

spemin How soon you can give us a stock list for day trading early in the morning, so that we can download historical intraday data?

Ken-ST Moderator: we usually have the watch list up by 9 - 9:15

jy ken, how's SHPGY doing ? back to uptrend

Ken-ST Moderator: I am keeping eye on the 20 EMA

Ken-ST Moderator: market is in our favor at the moment

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jy ty

Ken-ST Moderator: wb chrysler

Ken-ST Moderator: how are you doing today?

spemin You mean 9:15 ET before market open?

Ken-ST Moderator: yes spemin

Ken-ST Moderator: Is this your first day here?

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.87[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.87[/b]

Ken-ST Moderator: [b]UPDATE: Moving stop on[/b] [b]SHPGY 55.87[/b]

spemin thank you so much, that is wonderful!

Ken-ST Moderator: yw

chrysler Hi Ken & everyone else.  My satellite service has been terrible so I haven't been able to follow any picks for quite some time.

Ken-ST Moderator: is that the only option you have for high speed wireless?

chrysler Ken, if RIMM were down I'd be doing better but it's testing resistance again today.

Ken-ST Moderator: you short on it?

chrysler Yes, I only had 100 shares short that I did just before the close on Friday and wouldn't you know it, the markets open down and RIMM is up over $2.

chrysler It's actually up over $3.50 currently (sad face).

jy wish SHPGY goe sup like NRPH. NRPH is at 44

Ken-ST Moderator: huge runner there

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jy yes. too bad I didn't do my 1/2 and 1/2

Ken-ST Moderator: wb Steve

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Steve pc pblms

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allegro_bob I don't usually double dip but I've been to the HRPH well 3 times today --- Where is it's top?

allegro_bob NRPH that is

Ken-ST Moderator: Well, time of day is better suited for you now

Ken-ST Moderator: the dangerous thing about it is there is no overhead resistance

Ken-ST Moderator: that crosses it off any potential Type C stock for us.

Gantra NRPH 2nd and 3rd BOs today were both runners that one could have taken more than 1% out of easily by moving the stop behind the 5 ema

allegro_bob Good point - just not sure if I'm going to get in and have it plumet

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

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

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

Ken-ST Moderator: Breakout on SHPGY during lunch

Ken-ST Moderator: always good to be on conservative side with that kind of setup

Ken-ST Moderator: slowly taking profits

Ken-ST Moderator: to reduce risk

Ken-ST Moderator: on moves in your favor

Gantra I've been using split orders OSO orders configured with 2 limits and 2 stops to try and capitalize on some oft he runners.  makes it harder though first thing in the morning when things are busy

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Gantra MATK finally broker out a little bit ago

888 has logged out

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Ken-ST Moderator: Be on cautious side wiht longs gang.  Market is on a breakout to new hod during the lunch period with overbought stochastics

Ruben Do we place a limit order at 1% for SHPGY or we can follow it with stop limit 4 cents below or trailing stop?

Ken-ST Moderator: that is tight for the stock

Ken-ST Moderator: imo

Ken-ST Moderator: We show here that taking at least some profits off the table at 1% is a great money management techinique

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

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

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

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Ken-ST Moderator: so it should be 1% past YOUR entry price

Ken-ST Moderator: I like taking profits into moves like SHPPGY

Ken-ST Moderator: that big surge after a slow uptrend

Ken-ST Moderator: great to start lightening up into those moves

jy SHPGY exited 1/2 @56.6

Ken-ST Moderator: that is handsome bro

jy set last 1/2 stop @ ?? ken any advise

Ken-ST Moderator: I would be out on any moves up.  but if you do want to ride it out, a very tight stop is suggested due to market conditions

Ken-ST Moderator: 57.

Ken-ST Moderator: 57.49

Ken-ST Moderator: at the loosest

Ken-ST Moderator: Sorry, the 5 EMA is just below that

Ken-ST Moderator: but I am not big on riding out longs during a luchtime breakout

jy Ty I agree @57.48

johnboy thanks for the day Ken, off to bed for a nap before work.........I have a crazy headache and all I can think about is "head on, directly on the head......head on, directly on the head".......I would dropkick that announcer right now.......see you all tomorrow

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Ken-ST Moderator: lol

Ken-ST Moderator: ok jb

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jy out SHPGY alst 1/2 57.48

Gantra jy, excellent work

Ruben Ken, What do you think of place stop limit at 1% if RSI is greater than 70 and ride it with stop limit if RSI is less than 70?

Ken-ST Moderator: nice jy

Ken-ST Moderator: I do not use RSI enough to know.

Ken-ST Moderator: Sorry

Ken-ST Moderator: I use Stochstics more

Ruben But the idea is the same?

Ken-ST Moderator: and I look at the market momentum and time of day more to gauge how to ride out the stocks

Ruben What's the parameters for momentum?

Steve what and the heck is going on with our schools, another school shooting in Joplin, Missouri !!!

driver anyone still in NRPH from the long call earlier?

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Ruben Looks like we will have all day with CREE

Ken-ST Moderator: [b]Gang,we strongly suggest that a 5 minute candlestick chart of the SPX be kept open to give you a visual of current market conditions, overlay this chart with 5, 20 and 50 ema and slow stochastics.  You will find that this will help you with your personal daytrading, giving you the “heartbeat” of the market.[/b]

Ken-ST Moderator: That is the chart we use to gauge momentum

Ken-ST Moderator: Assessing Market trends to Maximize Profits video goes over what we look at

Steve Ken, when you talk about SPX chart, are you talking the SP futures contract ?

Ken-ST Moderator: Either is fine

Ken-ST Moderator: I use the Futures, but it is virtually the same.  the SPX chart updates every 15 seconds, while the futures are tick by tick.  However in assessing market trends, it is not important

rwalsh on esignal, i use SP #F

Steve what about SPY vs. the index - what's your opinion ?

Ken-ST Moderator: Nearly the same

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Ken-ST Moderator: wb

driver ty

Steve Ken, I'm getting ready to test selling 1/2 shares at 1% and let other half ride.  What suggestion(s) would you have any setting stop as a rule

Ken-ST Moderator: Last support/resistance at the 5 ema on 5 min

Steve any adjustments to that based on overall market conditions - i.e. if market is choppy just sell at 1% or something like that ?

Ken-ST Moderator: For me, I only ride out positions if all conditions are idael

Ken-ST Moderator: ideal

Ken-ST Moderator: Time of day, market and stock's daily chart

Steve thx - boils down to don't be gready, huh

Ken-ST Moderator: I am always on the conservative side

Ruben What do mean about day of the day? Never ride a stock between 11 to 2 p.m?

Ruben I say time of the day

Ken-ST Moderator: yup, different trends develop at different times of the day

gd esrx possible C?

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Ken-ST Moderator: market is just off overbought, so if anything we are looking for type c shorts

Ken-ST Moderator: I am currently short on the futures

Ken-ST Moderator: wb 2thdr

Ken-ST Moderator: Scanning for Type C shorts

2thdr thanks

Ken-ST Moderator: a tighter stop on CREE would be 21.74

Ken-ST Moderator: ok gang, need to step away for a few minutes.

Ken-ST Moderator: Will be back for the Type Bs

Ken-ST Moderator: [b]Intraday Trend is Sideways to Down[/b]

Ruben So we change stop for CREE at 21.74?

Gantra Ruben, stops are never officially changed on Type-As.  If you want to tighten your stop, you can  use Ken's suggestion as a guide if you choose.

Ruben OK: Thank you Gantra. Why is not official?

Gantra Because the Type-As are part of the limited Day Trade service.

Ruben I see. Some people only trade Type A and go to work

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Gantra anyone see any interesting approaching HOD or LODs?

Steve Gantra, we missed actually making some money on TS this morning, look at TRAD

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Ken-ST Moderator: back

Ken-ST Moderator: any questions?

Ken-ST Moderator: market new hod

Gantra i'm gonna move my stop to entry for cree

Ken-ST Moderator: thats a good move Gantra

Gantra steve, trad looks a bit messy to me.  what would the play have been?

Steve ironic, that I can't get TS to give me a 1m/5m chart to see support/resistance.  I can only pull up daily - hmmm

Ken-ST Moderator: market remains in the recent trading range

Gantra odd.  i can bring up 5 and 1 min

Gantra cree

Gantra ignor that

Gantra Ken, what did you do last week?

Ken-ST Moderator: Went to Seattle and Vancouver

Ken-ST Moderator: Seattle was awesome, I would move there one day

Ken-ST Moderator: gang, market at top end of recent range with stoch near overboubht

Ken-ST Moderator: longs should still be played cautiously

Gantra No kidding?  Wasn't that where Basic Instinct was set at ?  I think it rains there alot.

Ken-ST Moderator: yeah, perhaps we got lucky, but we didnt see a drop of rain while we were there

Ken-ST Moderator: Also visited one of the Islands (Whidbey)

Ken-ST Moderator: That was cool

Gantra Did you fish?

Ken-ST Moderator: Vancouver, was nice too , but coudnt get past the language barrier

Ken-ST Moderator: I ate fish

Ken-ST Moderator: Everyone spoke Canadian there.

Gantra canadian english?  what's the difference?

gd AAAAA

Ken-ST Moderator: lol, nothing

Gantra LOL

Ken-ST Moderator: For the most part, it didnt even feel like I had left the states

Gantra it sounds like you must have planned out every minute with activities. Going to two different cities in only a week!

Ken-ST Moderator: yeah, we did quite a few things

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Ken-ST Moderator: If in Vancouver, I would recommend biking around Stanley Park on a clear day

jvt really light volume today

Gantra back to seattle, did you see any hot looking blonds with black gloves and holding long sharp looking knives? Did you visit any lesbian bars?  See any night life....you know, vampires?   Seriously, I have heard Seattle is a fun place to live....especially at night when the moon is full.

Ken-ST Moderator: Seattle was awesome.  If anyone goes there, I would highly recommend staying at "Inn at the Market".  They have a deck on the 5th floor overlooking the Pikes Market and the Puget Sound.  Its nicely decorated.  We hung out there and drank at night.

Ken-ST Moderator: Icon Grill was pretty good place to eat and drink.

Ken-ST Moderator: I didnt visit any lesbian bars sorry.

Steve that's ok ken - they would have ignored you anyhow

Ken-ST Moderator: No vampires.  I guess I stayed in a  different part of town

Ken-ST Moderator: lol Steve

Ken-ST Moderator: I see it as a challenge

Ken-ST Moderator: (as if the game is not hard enough)

jvt did u go crabing in seattle

Ken-ST Moderator: unfortunately not.  I have two small children ( 3 and 6).  The family I went up with has a 2 year old.

Ruben Hey guys. Come and visit Argentina. Everything is very cheap here

Ken-ST Moderator: you live there Ruben?

Ruben Yes

Ken-ST Moderator: cool

Ken-ST Moderator: must be major hotties there.

Ken-ST Moderator: whats the main attraction out there?

Ruben Gay turism here is growing a lot

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

Ken-ST Moderator: [b]Watching for Type B Short at new low of the day on[/b] [b]NTRT 16.54[/b]

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mellowg ruben   been to Uruguay...i hear good things of that place

Ken-ST Moderator: interesting

Ruben In Uruguay there is Punta del Este. That is a very exclusive place. Famous people have houses there

Ruben That is near Buenos Aires

mellowg but you have not been !

Ruben Yes, I went some time ago. It was very nice

mellowg tnks...

Ken-ST Moderator: http://www.travelsur.net/whyargentina.htm

Ken-ST Moderator: Looks like they have a bit of everything there

mellowg ken..argentina has income tax...uruguay has not

Ken-ST Moderator: market coming off the highs

Ken-ST Moderator: risk nothin on CREE gang

Steve ken, what's your rational on shorting ntrt ?

Ken-ST Moderator: there is no support below that

Ruben I set a limit order at 1%

Ken-ST Moderator: Keep in mind it is just an alert.  If it triggers it triggers.  If not no harm.

Ken-ST Moderator: is it approaching summer there now?

mellowg yup

Ruben Yes, weather is nice. We are in spring

Ken-ST Moderator: ah yeah thats right, spring

mellowg ruben you are near B.A. or?

Ruben I live in Buenos Aires

mellowg lucky bugger

Ruben Have you ever been here?

jvt ken on cree for those that do limited day trade do they just keep stop as is?

mellowg nope...been scheduling a trip for the last 5 year...always something coming up against it

Ken-ST Moderator: yes, jvt.  but for those who have access, I would suggest stop at breakeven at the loosest

Gantra Ruben, has the economy stabilized?

mellowg had a good part of my investment in Argentina and got out just before crash

Ken-ST Moderator: no sense in risky any money on the trade at this point

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Ken-ST Moderator: How long a flight mellow?

Ruben Yes, now economy is stabilized and growing. Anyway I prefer to invest in USA

Ken-ST Moderator: 5 hours or so?

Ken-ST Moderator: whats the main economy over there?

Gantra Ruben, that's good to hear. Do you think the IMF made things worse during and before the crisis?

mellowg stop over in Panama...then if you are lucky over...5 hrs is about right flight time

Ken-ST Moderator: thats about the same for me to fly over to the states

mellowg yup

Ruben IMF made nothing good anywhere

Ken-ST Moderator: IMF is a large cartel

mellowg agreed ruben..here same thing..imf screws up things that is all

Ken-ST Moderator: just like the Federal Reserve here but on a larger scale

mellowg grin...with a harder steel hand

Ruben Anyway, economy is growing here, but inflation is growing too

mellowg ruben you get paid in Arg pesos or us$

Gantra I think the IMF has policies that are difficult for some governments to realistically comply with.  Politics and other issues make it impossible.  Hopefully these things will be worked out over time.

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]INFY 49.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]INFY 49.01[/b]

Ken-ST Moderator: [b]Watching for Type B Buy at new high of the day on[/b] [b]INFY 49.01[/b]

Ken-ST Moderator: Tight stop on INFY if it triggers

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Gantra Argentina looks gorgeous.  I need to travel more.

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Ken-ST Moderator: me too Gantra

Ruben There are many beautiful places here. You can go skiing to Las Lenas

Ken-ST Moderator: come on CREE bring it home for a perfect day

Ruben And everything is very cheap. Some people come here to have Tango classes

mellowg ruben...how much is a good dinner for 2 w/ good wine?

Ruben I can have a very good dinners for $20 each

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mellowg beat my local prices

Ken-ST Moderator: You can spend upward of $150 here easily

Ken-ST Moderator: total

Ruben You can have good dinner for $10

driver wine......they sell a glass for 50%-100% what they buy the bottle for

Ruben No kidding. $150 for a dinner?

Ken-ST Moderator: for two that is

mellowg i usually pay around us$30 p/p plus a $30 bottle wine

Ken-ST Moderator: at a very nice place

mellowg for a 1st class dinner

Ruben Come on CREE. A little bit more...

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

mellowg cheapo's will cost ya $10 each plus $1.5 per beer

jy CREE close

JQ INFY

Ken-ST Moderator: gang, just based on INFY trading for most of the day. I am not expecting much out of the breakout.  I could be very wrong, but, would rather recommend taking quick profits if triggered

Ken-ST Moderator: did anyone enter early on INFY?

Ken-ST Moderator: If not I will cancel this alert.

Ken-ST Moderator: [b]cancel INFY long alert[/b]

driver doh

Ken-ST Moderator: If you are already long on it, do not worry.  th stock is still in trend

Ken-ST Moderator: I can offer stops to you

Ruben I get in

driver pls do

Ken-ST Moderator: but overall I will remain on the sidelines with the market still in range.

Ruben Do I sell?

Ken-ST Moderator: I suggest quick profits

driver 2 dollar profit, shout i stop?

driver get out before its too late?

Ken-ST Moderator: The stop is very tight at 48.82

Ken-ST Moderator: nah, there is no need for a panic

driver ok tx

driver hakuna mattada

Ken-ST Moderator: the stock is in a nice trend. I am being conservative. I feel the stock may not breakout too much wiht the market still in a range.  Again I could be wrong, but would rather stay out with today's holiday like trading

Ken-ST Moderator: well it is a holiday

Steve driver, please translate and expand my vocabulary

driver it means no worries

driver for the rest of your days

Steve what language

Ken-ST Moderator: Its our problem free

driver you need to watch lion king

Ken-ST Moderator: Philosophy

Steve cool, thx

Ruben How about CECO and NTRT?

Ken-ST Moderator: still open

jy INFY consolidating - will be interesting to see whch way it goes

jy Or just stay here

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

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

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

jy what happened ?oke me up

jy woke me up ty

mellowg that is a decent day back on the job, ken, 3% nice

Ken-ST Moderator: ty mellow

Ruben My best day. Congratulations

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mellowg whatever you did on holiday you should not have done...you are forgiven...grin

Steve welcome back Ken :)

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rwalsh thought you might be a little rusty today ken; nice work

mellowg well 10% would have been better but as you are rusty ken...we will take it

mellowg ok naked... cyall tomorrow

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jy i think it's time to call this a winning day

driver stop INFY at 48.82 right?

jy ken, are you here by yourself ?

jy where is Scott ?

Ken-ST Moderator: yes

Ken-ST Moderator: That is the tight stop

Ken-ST Moderator: Scott is returning tomorrow

jy ty

jy how was your vacation ?

Ken-ST Moderator: was very nice i had a greaet time

Ken-ST Moderator: I would probably move to Seattle

conanboxer Nice but too much rain there

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Ken-ST Moderator: Luckily it didnt rain a drop while I was there

conanboxer I was there for a week long time ago.  I love the city.  Beautiful homes by lakes.....

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Ken-ST Moderator: yes, awesome

Ken-ST Moderator: CANCEL ALL ALERTS

conanboxer I hated myself moving to Tampa during summer....but it is getting heavenly here.

Ken-ST Moderator: NICE

Ruben OK. That's all folks for today?

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Ken-ST Moderator: yeah thats it for today

Ken-ST Moderator: any questions

driver infy good for long before close?

Ken-ST Moderator: No strategy for that here

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jy ty ken cu all tomorrow. have to leave early

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jy a profitable day

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driver alrighty then...cu tommorow

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Ken-ST Moderator: ok gang,

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Ken-ST Moderator: wb

2thdr ty

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Ken-ST Moderator: Ok gang, have a great evening

Ken-ST Moderator: I will see you all tomorrow