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********** Good Morning Everyone
********** Tuesday January 3rd 2007
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Today In History 1990 Nriega Surrenders to US 1959 Alaska becomes a state 1892 J.R.R Tokien is born
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Lorden: gm...hny everyone
Scott-ST Moderator: gm Lorden
Scott-ST Moderator: gm bob
Jen: allegro, looks like AAPL is bumping against the 20 sma on the daily
PB: gm everyone!
Scott-ST Moderator: good morning Pontiff
Ken-ST Moderator: gm Lorden, BP
Ken-ST Moderator: PB
Scott-ST Moderator: good Mornning Jen
Scott-ST Moderator: gm PB
Jen: gm Scott
Welcome to SwingTrades.com!
Cale has entered DayTrading Chat
Room is moderated
You can now talk
Cale Good Morning everyone
Cale happy new year
allegro_bob Happy New Year Cale
Ken-ST Moderator
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below the 5 day EMA, Stochastics in downtrend
Hourly Chart: Downtrend with 20 EMA below the 50 EMA
5 min Chart: Downtrend with 20 EMA below the 50 EMA Futures are currently up 6 points. The overall market trend is sideways to down. We suggest traders keep trades to a minimum and to the conservative side until the middle of January. Trading action is anticipated to be very slow and choppy.
tc has logged out
gosu has entered DayTrading Chat
gosu Happy new year everybody
Scott-ST Moderator: okay Gang Here we go....
Ken-ST Moderator: gm gosu
Ken-ST Moderator: ty same to you
Ken-ST Moderator: we are also keeping eye on ENER, OVTI, KOMG, NFLX, DLTR, ERTS, AFFX
Scott-ST Moderator: We are just keeping an eye on those stocks
Scott-ST Moderator: not adding them to the list at this point
mana has entered DayTrading Chat
Scott-ST Moderator: gm mama
Ken-ST Moderator: gm mana
kami has entered DayTrading Chat
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on AFFX 22.74
Ken-ST Moderator: Watching for Type B Short at new low of the day on AFFX 22.74
Ken-ST Moderator: Watching for Type B Short at new low of the day on AFFX 22.74
Ken-ST Moderator: gm kami
kami gm all
Ken-ST Moderator: cancel CPSL watch
Ken-ST Moderator: spread is ridiculous
limey and ESLT very low vol ?
Ken-ST Moderator: yes
bullmarket affx....very low volume also
Ken-ST Moderator: low but almost like a Type A
Ken-ST Moderator: slow movement
Ken-ST Moderator: CBEY adding to watch
Ken-ST Moderator: this market is extremely choppy
Ken-ST Moderator: total trading range right now
Ken-ST Moderator: on daily
samj affx near
nm has entered DayTrading Chat
Ken-ST Moderator: gm nm
nm gm
Ricky has entered DayTrading Chat
Scott-ST Moderator: GM rICKY
Scott-ST Moderator: gm Ricky
Ken-ST Moderator: gm Ricky
Ricky GM
Scott-ST Moderator: choppy morning
Scott-ST Moderator: Markets have a up momentum
Ken-ST Moderator: resist the urge to force out a trade gang
Scott-ST Moderator: Happy Birthday to Mel Gibson 1956
Ken-ST Moderator: lol, yeah its that slow
seven7 has entered DayTrading Chat
Scott-ST Moderator: gm 77
Ken-ST Moderator: gm Seven
seven7 good morning
Ken-ST Moderator: man, I see a ton of stocks trading in ranges
Ken-ST Moderator: CPSL has a valid setup at a new hod, but the spread is enormous. We will pass
Ken-ST Moderator: AFFX continues to be close
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CBEY 29.46
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CBEY 29.46
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CBEY 29.46
Ken-ST Moderator: stock is on thin side
Ken-ST Moderator: keeping eye on KOMG
Ken-ST Moderator: would like to see a rally up/consolidation
Ken-ST Moderator: then a possible issue of a short
Scott-ST Moderator: NO consolidation for YOU KOMG
gosu AFFX HOD
Ken-ST Moderator: affx back into the range
Ken-ST Moderator: we were just looking for a trade to go short
Lorden has logged out
Scott-ST Moderator: So what did everyone do for New Years Celebration?
Jen stayed home and napped thru the day/evening so we could stay up, toasted at midnight and went to bed ! Old Fart! You?
CIRCA63 we always celebrate at our house, hubby's Bday so its an open house with lots of family & friends and laughter... wonderful!
Lorden has entered DayTrading Chat
Scott-ST Moderator: movie night at home
Ken-ST Moderator: nice
Scott-ST Moderator: nice Circa
allegro_bob Gee - I got up for this ?!?? :)
gosu boooo
gosu :-)
gosu pretty slow day
Scott-ST Moderator: lol bob, sorry man
PB feels like December all over again!
Scott-ST Moderator: yep very slow
Scott-ST Moderator: its a delayed 2007 start
Ken-ST Moderator: may be very slow until the third week in Jan
allegro_bob Cale - did you get any of the SNDK short?
Scott-ST Moderator: just remember CASH is a position
PB true
Cale nope missed SNDK
djg TLAB made a nice run
Cale way too choppy the last few weeks
CIRCA63 we watched movies all nite mon, finally saw MI3, and divinci code...
Cale I am just staying out of the market until it breaks
Jen is da vinci code out on dvd?
Scott-ST Moderator: it is Jen
CIRCA63 not sure, saw it on PPV
Jen cool
Scott-ST Moderator: I say it at the store this weekend, good movie
Ricky has logged out
Scott-ST Moderator: also watched The Inside Job this weekend
CIRCA63 it was better than I thought it was going to be.. now I want to read the book
djg JNPR moving
Scott-ST Moderator: very good movie I thought
CIRCA63 havn't seen it yet....
Scott-ST Moderator: I would recomment it
Scott-ST Moderator: d
Scott-ST Moderator: recommend
CIRCA63 course I also watched Cars about 50 times this week lol
Ken-ST Moderator: haha
Scott-ST Moderator: lol
Scott-ST Moderator: is that out on DVD already?
CIRCA63 yeah, its actually really good, best disney in years IMHO
Ken-ST Moderator: Is that Robert Blake on CNBC?
Ken-ST Moderator: CBEY is close
Ken-ST Moderator: Watching ENER for possible rally/consolidation to issue a short
allegro_bob Got some on BIDU
Scott-ST Moderator: and?
Scott-ST Moderator: did you short it? bob?
Scott-ST Moderator: lol j/k
Scott-ST Moderator: nice run this morning, kinda like the markets
allegro_bob long at 10:12 breakout
Scott-ST Moderator: nice
Scott-ST Moderator: RECN doing well this am also
Ken-ST Moderator: CBEY is close
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Short at new low of the day on ENER 33.57
Ken-ST Moderator: Watching for Type B Short at new low of the day on ENER 33.57
Ken-ST Moderator: Watching for Type B Short at new low of the day on ENER 33.57
David-Harmon Trading has entered DayTrading Chat
Ken-ST Moderator: gm David
Ken-ST Moderator: Happy New Year
David-Harmon Trading Happy New Year all
Ken-ST Moderator: For those who need to daytrade equities but do not have the $25,000.00 equity requirement, we would like to recommend that you check out Harmontrading.com. You will have 4 to 1 Day Trading Margin and unlimited daily trades with a minimum of $2,000 member equity.Harmontrading is also ideal to trade OTCBB and Pinksheet stocks, with direct access to 9 different Market Makers, and unlimited shares per trades, all at a flat rate.Feel free to try out our FREE REAL TIME SIMULATOR by emailing trading@harmontrading.com. Or, if you are interested in joining right away, you may request a Partnership Agreement by sending an email to info@harmontrading.com.
Ken-ST Moderator
Ken-ST Moderator: Watching for Type B Buy at new high of the day on CBEY 29.46
Scott-ST Moderator: Is it cold where you are??
gosu has logged out
Ken-ST Moderator: Freezing here
Ken-ST Moderator: its like 70 right now
Scott-ST Moderator: lol, ya what ever
Ken-ST Moderator: Jen has it started snowing where you are yet?
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ENER 33.57
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ENER 33.57
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short ENER 33.57
Ken-ST Moderator
Ken-ST Moderator: UPDATE: Moving stop on ENER 34.01
Ken-ST Moderator: UPDATE: Moving stop on ENER 34.01
Ken-ST Moderator: UPDATE: Moving stop on ENER 34.01
Scott-ST Moderator: did anyone see Inside Job?
Scott-ST Moderator: a bit log but was good
Scott-ST Moderator: I like cheering for the bad buys in a movie
Scott-ST Moderator: buys = guys
Scott-ST Moderator: I wonder if its hard to sell diamonds
Ken-ST Moderator: Inside Man?
Ken-ST Moderator: yeah I liked that movie
Scott-ST Moderator: hum, its a 1946 remake
Scott-ST Moderator: an oops my bad
Scott-ST Moderator: it was Inside Man
Scott-ST Moderator: Spike Lee movie, with J Foster and D Washingon?
Scott-ST Moderator: anyone
Scott-ST Moderator: anyone?
Scott-ST Moderator: Bueller, Bueller, Bueller?
Cale JP did you buy a snowblower?
JP Nope. I think I might for next year though.
Cale I am looking to buy now, I cant wait
Cale and I dont want to dig anymore
Cale I will come do your house for $20
Scott-ST Moderator: ENER sill in a down trend
Ken-ST Moderator: how much for a blower?
Cale the one I am looking at is about 600ish
JP LOL. $20 sounds like a good price.
JP Had some neighborhood kids wanting $50 to shovel just the sidewalk.
Cale and we have snow coming friday
JP Really? How much are we supposed to get?
Bry has logged out
Cale not sure
Cale not too much
Scott-ST Moderator
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS Until after Lunch, keep your eye on ENER as we will be tighning up the stop
gosu has entered DayTrading Chat
Scott-ST Moderator: tightening up
Scott-ST Moderator: any quesitons?
Scott-ST Moderator: comments?
Scott-ST Moderator: I want to be a CEO and take $10. mill to leave
Scott-ST Moderator: that would not hurt the ego much at all
Scott-ST Moderator: excuse me, $210 Mill
Scott-ST Moderator: Iwould still take $10 Mill
Scott-ST Moderator: I hear that 10Mill is the new Million
toolhater has entered DayTrading Chat
toolhater hey scott do you ever give out coupon code sfor the videos in the room?
Scott-ST Moderator: hey Ken whats my Severance Package?
Scott-ST Moderator: I did just before Christmas
Scott-ST Moderator: I dont have a coupon right now, but we might have one coming very soon
toolhater how about for new years
allegro_bob $210 package for hd - wonder what he had to kick back to the board
Scott-ST Moderator: Might [img id=em-6]
Scott-ST Moderator: lol, I think the $210 was on his Hire contract
Scott-ST Moderator: he came from GE right?
Scott-ST Moderator: Home Depot said Nardelli has also agreed not to compete with the company for one year, not to solicit employees or customers for four years and other restrictive covenants
Scott-ST Moderator: lol for $210 mill I would not compete with HD either
Scott-ST Moderator: I think I would just have to retire
Scott-ST Moderator: even after taxes, lets say you end up with $135 Million at the end of the day.
Scott-ST Moderator: wow that would just ROCK in my world
allegro_bob No Kidding -
allegro_bob It sure beats poaching BIDU like I'm doing today
Scott-ST Moderator: [img id=em-10]
Scott-ST Moderator: what would you do with $135 Million tax free
Scott-ST Moderator: sitting in the bank?
Scott-ST Moderator: Travel!!!
Scott-ST Moderator: and I would have a few Homes
Scott-ST Moderator: and a new Car, wow I would buy a new car for sure
allegro_bob for a couple mill I"ll carry your bags!
Scott-ST Moderator: I could get my K-Car
Scott-ST Moderator: lol
rwalsh aapl
Ken-ST Moderator: choppy
rwalsh rumor steve may resign
rwalsh RUMOR only
Scott-ST Moderator: buy the rumor sell the news
allegro_bob before MACWORLD?
Scott-ST Moderator: when is that?
rwalsh after macworld
Scott-ST Moderator: when is Macworld?
rwalsh not sure
allegro_bob next week I think
Scott-ST Moderator: hummm, might be intersiting to see what happens
Scott-ST Moderator: maybe he wants to join the $$$ CEO club
allegro_bob maybe the mouse offered him a full time job
Scott-ST Moderator: not sure what he would do there
Pontiff has logged out
allegro_bob After the Apple / Disney deal he's on the board now ..
toolhater has logged out
Scott-ST Moderator: take care Pontiff/tool
Scott-ST Moderator: maybe his is just bored now being on the board
Scott-ST Moderator: NY NY,
Scott-ST Moderator: the Big Apple
allegro_bob has logged out
Scott-ST Moderator: AFFX LOD
jg has logged out
Scott-ST Moderator: take care jg
Scott-ST Moderator: Markets have been in their upper Trading Range for the last 2 hours
Scott-ST Moderator: just a choppy day
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on ENER 33.76
Scott-ST Moderator: UPDATE: Moving stop on ENER 33.76
Scott-ST Moderator: UPDATE: Moving stop on ENER 33.76
Scott-ST Moderator: okay Gang, I am here for you and your entertainment Pleasure.....
Scott-ST Moderator: what trick can I do for you??
Scott-ST Moderator: what Question can I answer?
Scott-ST Moderator: anyone see anything intresting on the Internet?
Scott-ST Moderator: ENER is moving in our favor, we moved the stop to 33.76
Scott-ST Moderator: if you want a tighter stop just ask
Scott-ST Moderator: if you are looking for a stop on your personal trades also, feel free to ask
mana BPOM gone crazy
Scott-ST Moderator: you in mana?
Ken-ST Moderator: ENER new lod
mana bought@4,66 sold@5,62 $460 net profit
mana 5mn high speed trade
Scott-ST Moderator: nice job mana
mana thks
mana but I lost my shirt on HIHO, too bumpy :(
mana didn't respect my mental stop loss
samj has left the room
Scott-ST Moderator: yep, got to hang tough with those STOPS
Scott-ST Moderator: Good to see Bush is working on Tax cuts
Scott-ST Moderator: LOL
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop to entry ENER
Scott-ST Moderator: UPDATE: Moving stop to entry ENER
Scott-ST Moderator: UPDATE: Moving stop to entry ENER
Scott-ST Moderator: Hello hello hello
Scott-ST Moderator: echo echo echo
Scott-ST Moderator: pin drop
Scott-ST Moderator: Crickets cheerping
Scott-ST Moderator: anyone awake
nm has logged out
Scott-ST Moderator: how about your New Year!!
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: Watching for Type B Short at new low of the day on KOMG 37.04
Scott-ST Moderator: Watching for Type B Short at new low of the day on KOMG 37.04
Scott-ST Moderator: Watching for Type B Short at new low of the day on KOMG 37.04
Scott-ST Moderator: Okay tell me about your new years resolution
Scott-ST Moderator: I know you made one
Scott-ST Moderator: now what is it?
Ken-ST Moderator: become better looking
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: TYPE C Trade (Top). Consider Short KOMG 37.04
Scott-ST Moderator: TYPE C Trade (Top). Consider Short KOMG 37.04
Scott-ST Moderator: TYPE C Trade (Top). Consider Short KOMG 37.04
Scott-ST Moderator: TYPE C Trade (Top). Consider Short KOMG 37.04
Ken-ST Moderator: that indoor helicoptor from Air Hog is not easy to control
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.59
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.59
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.59
alex has entered DayTrading Chat
alex has logged out
Scott-ST Moderator: okay gang, Markets are on a downward momentum
Scott-ST Moderator: and may be finding some support
Ken-ST Moderator: be conservative with your profits and your trading in general
Ken-ST Moderator: Keep trading to a minimum
Ken-ST Moderator: action is slow and choppy
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.08
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.08
Scott-ST Moderator: UPDATE: Moving stop on KOMG 37.08
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: UPDATE: Moving stop to entry KOMG
Scott-ST Moderator: UPDATE: Moving stop to entry KOMG
Scott-ST Moderator: UPDATE: Moving stop to entry KOMG
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: STOPPED Consider exit in KOMG
Scott-ST Moderator: STOPPED Consider exit in KOMG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in KOMG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in KOMG
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in KOMG
Scott-ST Moderator: Hello??
Scott-ST Moderator: anyone??
Scott-ST Moderator: did anyone make come $$$ on that one???
Jim hello
Jim I did
djg i did
Scott-ST Moderator: that was a perfect setup and very well played!!
Scott-ST Moderator: good job Jim
Scott-ST Moderator: good job djg
Jim great start to the new year
mana how many shares do you use for this setup ?
djg i watched almost all of the daytrading video
djg wil finish and rewatch a few times, write down some questions and see if you or ken will be able to help
Scott-ST Moderator: sure djg
Scott-ST Moderator: AFFX LOD
Scott-ST Moderator: mana you should alocate your trades in $$ amounts instead of # of shares
Scott-ST Moderator: easer to manage your capital
mana but how do you compute the shares to enter your order ?
Scott-ST Moderator: its up to each individual Trader as to what capital they alocate per trade
mana How much do you allocate on one trade ? 20% of your portfolio ?
Scott-ST Moderator: its totally up to the individual trader and what they are comfortable with
Cale mana, I trade about 25% of my portfolio per trade
Cale that way I can up to 4 trades going at a time
Cale but it all depends on the stock, time of day, how the market is reacting...
Cale like I did not trade at all today just because its a bit too choppy for me
Cale it loooks like Ken and Scott called KOMG very well, I just missed the entry
Cale and I might have put 50% on that trade
Cale just not sure.....
mana Thanks Cale, other member allocation per trade ?
Cale its all up to you
Cale does that Hlep?
mana So you move your allocation from time to time ?
Cale sure, just all depends
mana Do you allow a maximum per trade, for example not more than 50% of my portfolio ?
Cale I would raraly go over 50%
Cale I am not much of a lump summer
mana Ok thanks Cale for your feedback
JP has logged out
Cale np
Scott-ST Moderator: take care JP
Scott-ST Moderator: KOMG
Scott-ST Moderator: lod
Scott-ST Moderator: come on down and join the party ENER
Scott-ST Moderator: plz [img id=em-2]
Scott-ST Moderator: FMOC killing the markets
Scott-ST Moderator: Momentum running in a down trend right now
Ken-ST Moderator: market is acting very bearish
Scott-ST Moderator: CBEY still keeping strong
Ken-ST Moderator: on a larger trend, we would be very cautious
Ken-ST Moderator: if we do finally break that uptrend ont he daily chart, this will open up the trends for better trading imo.
Scott-ST Moderator: ENER is very close to our 1% profit, but you should consider scaling out with profits in your favor
Scott-ST Moderator: i like your o ken
Scott-ST Moderator: nice run down on KOMG
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ENER
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ENER
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ENER
Scott-ST Moderator: ENER running down
Scott-ST Moderator: everyone hit profit???
Jim yes
Scott-ST Moderator: some might consider taking 1/2 of ENER
Scott-ST Moderator: nice work Jim!!
Scott-ST Moderator: way to start the year...
Ken-ST Moderator: nic
Ken-ST Moderator: nice
Ken-ST Moderator: very slow trading today
Ken-ST Moderator: but executed well
Jim slow day......but can't complain when we are making money
Scott-ST Moderator: [img id=em-10] its a keeper for the 2007 books imo
Ken-ST Moderator: yup
kami has logged out
Scott-ST Moderator: AFFX KOMG ENER ERTS all LOD
limey Ken what were the e-mini,s like today
Ken-ST Moderator: I was stopped out on a long trade
Ken-ST Moderator: good action though
Ken-ST Moderator: if the market has broken its trend, I think it could pave the way for more aggressive trading.
limey I will keep watching , may jump in
Ken-ST Moderator: cool
Ken-ST Moderator: any questions/ comments?
limey What is the ticker for the e-mini
Ken-ST Moderator: it all depends on your platform
Ken-ST Moderator: you can call your quote provider or broker
Ken-ST Moderator: I am trading the Eminis SP March Contracts right now
limey I use Street Smart Pro
Ken-ST Moderator: you can contact schwab for the info
Scott-ST Moderator: Schwab does not have futures
limey I also have an Ameritrade acc
Scott-ST Moderator: am not sure about AmeriTrade
Scott-ST Moderator: have to look on their website
Scott-ST Moderator: or you could give them a call
Scott-ST Moderator: you can go to quote.com and inter ES #F for the e-Mini S&P500
limey Thanks
Scott-ST Moderator: and Russell 200 emini is AB #F
Lippy has logged out
limey Left screen is logging us out again
limey has logged out
mana has logged out
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Scott-ST Moderator: [img id=em-9]
limey has entered DayTrading Chat
limey Lots of trouble getting back in your server was not responding
Jen has logged out
limey Left screen trying to log me out again
Scott-ST Moderator: seems that there are issues with the server
Scott-ST Moderator: one hour left gang
Scott-ST Moderator: seems as though the markets have found some support here
bullmarket8 has entered DayTrading Chat
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Scott-ST Moderator: CANCEL ALL ALERTS
Scott-ST Moderator
Scott-ST Moderator
Jim has left the room
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2thdr has entered DayTrading Chat
Ken-ST Moderator: ok gang heading out on the day
Ken-ST Moderator: have a great evening
Ken-ST Moderator: we'll see you all tomorrow
Ken-ST Moderator: take care
Ken-ST Moderator is no longer a moderator
Ken-ST Moderator has logged out
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