Ken-ST Moderator Update!
Ken-ST Moderator: ***********Market Assessment**********
Daily Chart: Below 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

Futures are up 5 points. Despite the pullback last 2 days, the
overall market bias is to the upside. Please note that we are trading in the recent intraday trading range of the past 7 days. This can produce extremely choppy trading conditions. Keep trading to the conservative side.
Ken-ST Moderator: gm Jen, tink
Jen gm
Ken-ST Moderator: gm Cale
tink GM
Cale gm Ken
Scott-ST Moderator: gm tink
emilio gm all...let's rock the market this am.
Ken-ST Moderator: gang, NTES was a long alert at 21.39 on our swing trading but we canceled it due to their reporting earnings after the bell. It is a valid Type A alert which we will not issue. If you are going to play it inquire wiht us for a stop.
Ken-ST Moderator: Good trading today gang!!!!
Ken-ST Moderator: lets roll
Ken-ST Moderator: CRDN near possible resistance area
Ken-ST Moderator: we will avoid longs for now
djg has entered DayTrading Chat
Ken-ST Moderator: LRCX is still in range as well
Ken-ST Moderator: gm djg
djg gm
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Buy at new high of the day on GMRK 41.48
Ken-ST Moderator: Watching for Type B Buy at new high of the day on GMRK 41.48
Ken-ST Moderator: Watching for Type B Buy at new high of the day on GMRK 41.48
Ken-ST Moderator: GMRK is on thin side
Ken-ST Moderator: trade accordingly
dp has entered DayTrading Chat
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 144.97
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 144.97
Ken-ST Moderator: Watching for Type B Buy at new high of the day on RIMM 144.97
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JAKK 25.27
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JAKK 25.27
Ken-ST Moderator: Watching for Type B Buy at new high of the day on JAKK 25.27
Ken-ST Moderator: CPTS
Ken-ST Moderator: its near the bottom end of recent range
Ken-ST Moderator: we will avoid any possible shorts on that for now
MS JAKK on the board 25.72 or 25.27 which is right?
Ken-ST Moderator: 25.27 should be correct
Scott-ST Moderator: done
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator Buy!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 144.97
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 144.97
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy RIMM 144.97
kima has entered DayTrading Chat
Ken-ST Moderator: The stop on RIMM is tight for the stock
Ken-ST Moderator Update!
Ken-ST Moderator: STOPPED Consider exit in RIMM
Ken-ST Moderator: STOPPED Consider exit in RIMM
Ken-ST Moderator: STOPPED Consider exit in RIMM
Ken-ST Moderator: the 5 ema on 5 min is the next tightest area
Ken-ST Moderator: or loosest rather
Ken-ST Moderator: you would wait for a short signal there to place the stop
Ken-ST Moderator: 143.30 would be the 5 ema stop
duke fisv close
Ken-ST Moderator: ty duke
duke Cale...you do rimm?
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPTS 19.74
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPTS 19.74
Ken-ST Moderator: Watching for Type B Short at new low of the day on CPTS 19.74
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on CRDN 59.55
Ken-ST Moderator: Watching for Type B Short at new low of the day on CRDN 59.55
Ken-ST Moderator: Watching for Type B Short at new low of the day on CRDN 59.55
Ken-ST Moderator: NTES had a nice 2% move
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CRDN 59.55
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CRDN 59.55
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CRDN 59.55
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on GMRK 39.61
Ken-ST Moderator: Watching for Type B Short at new low of the day on GMRK 39.61
Ken-ST Moderator: Watching for Type B Short at new low of the day on GMRK 39.61
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short GMRK 39.61
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short GMRK 39.61
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short GMRK 39.61
Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop on GMRK 40.51
Ken-ST Moderator: UPDATE: Moving stop on GMRK 40.51
Ken-ST Moderator: UPDATE: Moving stop on GMRK 40.51
Ken-ST Moderator: UPDATE: Moving stop on CRDN 60.26
Ken-ST Moderator: UPDATE: Moving stop on CRDN 60.26
Ken-ST Moderator: UPDATE: Moving stop on CRDN 60.26
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator Profit!
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GMRK
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GMRK
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in GMRK
Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop to entry CRDN
Ken-ST Moderator: UPDATE: Moving stop to entry CRDN
Ken-ST Moderator: UPDATE: Moving stop to entry CRDN
Ken-ST Moderator: playing it tight on CRDN
bme347 has logged out
Ken-ST Moderator: CPTS is close
Ricky has logged out
Ricky has entered DayTrading Chat
Ken-ST Moderator Update!
Ken-ST Moderator: STOPPED Consider exit in CRDN Breakeven
Ken-ST Moderator: STOPPED Consider exit in CRDN Breakeven
Ken-ST Moderator: STOPPED Consider exit in CRDN Breakeven
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on RIMM 143.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on RIMM 143.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on RIMM 143.30
riley has entered DayTrading Chat
Scott-ST Moderator: I hope EVeryone had a nice weekend
Cale not long enough, if you know what I mean
Cale but when is it??
Ken-ST Moderator: gm Riley
Cale I guess even if it was a 4 day weekend I still would not be long enough
Scott-ST Moderator: true
Cale there goes ITRI again
Cale wow
duke hey Cale...did you do rimm?
Jen watched "who killed the electric car". Very interesting
Ken-ST Moderator: great Jen
Ken-ST Moderator: its an eye opener
duke the oil companies...LOL
Cale lol, OIL
Cale we dont need no stinking OIL
Jen scary
duke hey jen...who was the sponsor of that show?
Jen grass roots thing I think. Not sure
Jen there goes RIMM
Scott-ST Moderator: [img id=em-11] RIMM
Jen Martin Sheen narrated
duke we could hire some "good ole boys" to whip us up some brew for our cars and it would work
Scott-ST Moderator: Jen was it on the Discovery Channel?
duke moonshiners
Jen no, Comcast, "on demand" movie
Cale was it a movie or a Documentry?
Cale documentary
Jen documentary, handful of stars that had purchased cars as well
Jen made you uncomfortable to see the manipulation in play
Cale huge manipulation, i bet
Jen truly
Scott-ST Moderator: how long was it?
Jen don't recall, maybe a bit less than 2 hrs, I can look?
Scott-ST Moderator: nah, thats okay just looking for a ballpark time
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPTS 19.74
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPTS 19.74
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short CPTS 19.74
Pontiff has logged out
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duke if they ran out of oil today...tomorrow they would announce a miracolous cure the next day
pb MS are you having problems with Trade Station this morning?
pb for some reason my orders are not getting executed
Ken-ST Moderator: what did you the movie Jen?
Ken-ST Moderator: think
Jen I found it disturbing. Especially eerie was the auto execs in the crowd during a speech on the Whitehouse lawn. Didn't crack a smile. Do you remember?
johnboy have a terrific day everybody, see you all tomorrow
johnboy has left the room
Ken-ST Moderator: yup
Jen when GM sold the battery company to the oil company and then never used it, very telling
Cale I need to check that out
Cale is it on DVD?
Jen not sure, I would think so
Ken-ST Moderator: yup
Ken-ST Moderator: I was and still am totally annoyed iwth that
Jen they made it almost impossible for people to buy them then wouldn't let them keep them!
Ken-ST Moderator: oh ok cale, I say its a must see, you pass it off, but Jen makes a comment and you are on the bandwagon
Jen doesn't sound like someone trying to make something work!
Ken-ST Moderator: Ok bro,
Ken-ST Moderator: love you too
Ken-ST Moderator: Jen, the truth is obvious
Ken-ST Moderator: we just dont want to believe someone, or some company would do that
Jen but he knows I am A.D.D and don't usually sit thru a whole movie. This one was riveting
Jen but it's so much bigger than one company is whats disturbing
duke jen...the battery co GM sold...was it delco
Jen no, a small unknown inventor.
Cale ken, your silly
duke ok
Ken-ST Moderator: the battery was originally invented by Stanford Ovshinsky
Jen CPSt finally coming aorund
Jen that's right Ken
Scott-ST Moderator: UPDATE: Moving stop on CPST 19.80
Scott-ST Moderator: UPDATE: Moving stop on CPST 19.80
Scott-ST Moderator: UPDATE: Moving stop on CPST 19.80
Ken-ST Moderator: he has his own public company now
limey Thats what happens when you have a Congress for the Corporation hopefully that will change now
Cale Ken, I do remember you talking about the move, I just couldnt find it easy
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CPST
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CPST
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in CPST
Ricky You kidding? i didn't see it hit the trigger.
Ricky Okay. Now it did.
Cale lol
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limey At Peeble this weekend most of the Republican bankers still thought Global warming was bull**** , I could not talk to these stupid people
Cale lol
Jen people seem to prefer head in the sand approach
Ricky Why is it that the supposed tolerant Liberals are no in-tolerant?
Ricky so
Scott-ST Moderator: which is wrong, huh, Jen
Cale I was watching a fule show on the discovery Chan last week and they had an electtric car called the Tesla, looked cool, was fast.
Cale If I had $175K, might look into it
duke chump change for you cale
duke LOL
Cale not for a car
JQ Dingdong that is pocket change for you brobo!!!
Cale check it out, www.teslamoters.com
Cale lol
duke kind of
Cale listen to you guys, you think I have money coming off my tree in the back yard
duke sure
duke we know your pulling down the bucks in here
duke probably has his own printing press
JQ I bet Jen would go for a RIDE if you got that CAR broBO!!!
Cale lol
duke Liz mught go withyou
Cale Swingtrades = My Printing Press
duke hahaha
Ken-ST Moderator: There is another government / big corporation manipulation that goes on that most people are not aware of
Cale bah, I will pass on Liz
duke I would ask Becky
Ken-ST Moderator: Smoking was one.
Cale Jen, would you ride with me??
Ken-ST Moderator: the electric car stuff
Cale what do you mean Ken?
Cale Smoking, the Gov wants us to smoke now?
Jen sure, I'd go for a spin.
duke gov wants you to smoke so they get the tax revenue
Cale [img id=em-10]
Ken-ST Moderator: no the Tobacco manipulated the public into thinking smoking was safe
Cale oh
Ken-ST Moderator: The cotton industry is another one
duke ya and the gov subsidized tobacco farmers
Jen what's that one Ken?
Cale your saying big Corps, are doing the Manipulating too
duke the gov is in cahoots with them
JQ Jen he looking for the cloes dealer as I type!!!
JQ close
Ken-ST Moderator: there is a totally environmental safe way to produce cotton replacement. It also makes paper, without cutting down a single tree
Ken-ST Moderator: yes duke
Cale lol
Jen isn't everything being made in Asia anyway?
Ken-ST Moderator: you can grow it anywhere, it makes hte strongest rope, longer lasting clothing, cheaper to make. It doesnt take any pesticides to grow, unlike cotton. You can make trees.
duke gov tells everyone it is bad for you...then taxes the stuffings out of it
Ken-ST Moderator: sorry you can make paper without wasting forests.
Cale the Tesla, doesnt come out until May 2008
duke why not ban it all togetehr if it is that bad
Cale too long for me to wait
Ricky Hemp.
duke answer tax money
Ken-ST Moderator: yup Ricky
Ricky When your clothes wear out, you can smoke it.
Ken-ST Moderator: its like the wonder plant
Ken-ST Moderator: lol
duke o man far out ...cool baby
Cale hemp
duke maynard G krebs would like it
duke remember him
Ken-ST Moderator: you cant actually smoke hemp
Ken-ST Moderator: well you can, but it doesnt do anything for ya
Cale lol
Cale so why is it illegal
Ricky It's not illegal
Ken-ST Moderator: yes exactly
duke I use to smoke grapevine when I was a wee lad...LOL
Ken-ST Moderator: Hemp is not illegal, you just cant grow it here
Ken-ST Moderator: but you can import it
Cale so its illegal to grow?
Ken-ST Moderator: yup you cant grow it
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Ken-ST Moderator: gm seven
Scott-ST Moderator: gm seven7
Ken-ST Moderator: but you can import as much as you want
Cale so why cant you grow it?
seven7 good morning
Ken-ST Moderator: because its illegal
Cale lol, why is it illegal? because its too close to Cannabis?
Ken-ST Moderator: thats their excuse
Ken-ST Moderator: but reality is , the cotton industry is too huge
Ken-ST Moderator: also the pesticide industry is too huge
Ken-ST Moderator: and the logging industry is too huge
Cale wow
Scott-ST Moderator: The Hemp Plant
The hemp plant is harvested for its fibers, seed, seed meal and seed oil.
Hemp is a distinct variety of the plant species cannabis sativa L. Due to the similar leaf shape, hemp is frequently confused with marijuana. Although both plants are from the species cannabis, hemp contains virtually no THC (delta-9-tetrahydrocannabinol), the active ingredient in marijuana.
Hemp cannot be used as a drug because it produces virtually no THC
(less than 1%), where marijuana produces between 5 - 20 % THC.
jeramie interesting
JQ I will take the 20% thank you
larrybill such a diverse group here
Ken-ST Moderator: lmao
Ken-ST Moderator: sharing of information here
jeramie no wonder hemp never did anything
JQ LMAO
Ken-ST Moderator: ITRI, has a possible buy setup at a new hod
Ken-ST Moderator: but we are closing in on the turn time.
Cale the big industries, and government
Ken-ST Moderator: furthermore there is an underlying selling pressure int he market today
Ken-ST Moderator: we will pass
Cale RIMM too Ken?
Ricky Maybe there's a maket for DeTHC herb, like decaf coffee.
Ken-ST Moderator: yes Cale
Cale lol Ricky
Scott-ST Moderator: CANCEL ALL TYPE B ALERTS
Scott-ST Moderator: Until after Lunch
jeramie anyone watch the departed
Ken-ST Moderator: I did
jeramie how was it
Ken-ST Moderator: to me it was ok
Ken-ST Moderator: just a lot of violence
Cale did? I wanted to see that one
Ken-ST Moderator: i like feel good movies
Ken-ST Moderator: Like "who killed the electirc car"
Ken-ST Moderator: j/k
Ken-ST Moderator: you will get annoyed watching that
Ken-ST Moderator: although its a must see
jeramie little miss sunshine was good
Ken-ST Moderator: yeah that was a nice movie
jeramie funny
Cale yep now that Jen said I should watch it I for sure will!!!
Ken-ST Moderator: lol
Cale I will even go buy the DVD
Ken-ST Moderator: well if Jen says you should, then yes you should
Cale Right
Scott-ST Moderator: okay, you all have to take this Quiz and post your answers here
Scott-ST Moderator: http://www.gotoquiz.com/what_american_accent_do_you_have
duke o know homework!!!!
Cale I passed Scott
Scott-ST Moderator: lol
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Cale my results: The West
Scott-ST Moderator: gm Kramer
Cale that was a funny test
kramer12 good morning all
duke midland
Scott-ST Moderator: Interisting
Lippy they are right Northeast
Ken-ST Moderator: I got the west
Ken-ST Moderator: CRDN new lod
Cale ken, thats Clazy
Cale you with a West Accent
Cale just clazy
Scott-ST Moderator: [img id=em-4]
Cale lmao
lksobiech has left the room
Ken-ST Moderator: whats up with all this spam that has weird subject liness
Ken-ST Moderator: "Bellybuton"
Ken-ST Moderator: "Go Go Urchin"
duke hey cale...they also have a quiz to see how datable you are
Ken-ST Moderator: Unemulated CPSYou
duke or how much do you lie
Ken-ST Moderator: He has to ask Jen to see if he can take the test.
duke o ok
Ken-ST Moderator: apparently Jen makes his decisions for him
Ken-ST Moderator: CRDN weird action
larrybill just raised estimates
Cale lol duke
Cale hey Jen, is it okay if I tell Ken off?
duke I am 50/50 datable
Cale lol
Cale I am sure that one I would fail
duke must be why I am divorced...LOL
Cale I wonder If I can study before taking that test
duke says I know the basics...but don't know how to keep it going
duke so I think I will stay single
duke and I thought I was doing good on the quiz
Ken-ST Moderator: Duke, just dating is good
Ken-ST Moderator: market stochastics in middle of trend
Ken-ST Moderator: no type cs yet
Ken-ST Moderator: Intraday Trend is Sideways to Up
duke it is monday
Cale yes it is
Cale Monday
Cale do you know where the word Monday came from?
duke nope
Ken-ST Moderator: From the Greek God Mondus
Ken-ST Moderator: lol
duke thought it was the "mama nad papas"
Ken-ST Moderator: totally made that up
duke monday monday
Cale [Middle English, from Old English Monandæg (translation of Latin lunae dies, day of the moon) : monan, genitive of mona, moon; see moon + dæg, day; see day.]
Ken-ST Moderator: I thought it came from the Bangles
duke translate please
Ken-ST Moderator: you can never have too much information
duke speak in redneck
Cale Moon
Cale lol
JQ Don't LOOK Ethel
Cale In India, Monday is Somvar. It is based on Soma or Somdev Vedic God of Moon.
duke what does it mean in "arkansan"?
Ken-ST Moderator: So where did Mondus come from?
Cale According to the Judeo-Christian count, Monday is the second day. This is the traditional view in Canada and the United States. The name for the day in Arabic, Armenian, Georgian, Greek, Hebrew, Persian and Portuguese is "second day". Quakers also traditionally refer to Monday as "Second Day" eschewing the pagan origin of the English name "Monday". For similar reasons the official liturgical calendar of the Roman Catholic Church refers to Monday as "Feria II".
Ken-ST Moderator: Hey did you know that Canada has just switched to the 24 hour clock
duke what
Cale huh?
Ken-ST Moderator: They are now going with the 24 hours in a day. used to be 25 hours
Ken-ST Moderator: for Canada
duke they must have frostbite of the brain
duke never heard that before
Cale me either duke, I think ken is making stuff up
duke smokin too much hemp
Cale lol
Ricky has logged out
JQ No Duke kenbo can get the 20% where he lives!!!
duke o ok
duke anybody from okla city
Scott-ST Moderator: lol
emdee has entered DayTrading Chat
Ken-ST Moderator: gm emdee
emdee hi ken
Cale anyone see the email going around about the speed limits in Denmark?
Cale very funny
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Scott-ST Moderator: Oscar Talk time
Scott-ST Moderator: anyone watch the 79th Annual Academy Awards?
Scott-ST Moderator: Forest Whitaker, won,
Scott-ST Moderator: I like him
Scott-ST Moderator: and I was glad Jennifer Hudson won also
Cale I was glad to see Happy Feet win, but I thought Cars was better
Scott-ST Moderator: Scanning for Type C's
Scott-ST Moderator: anyone have any Questions?
Scott-ST Moderator: Comments?
riley has logged out
Ken-ST Moderator: market continues to chop in range
Scott-ST Moderator: markets at LOD
gregory has logged out
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Ken-ST Moderator: wb
Ken-ST Moderator: hows the shoulder djg?
djg surgery tomorrow got food poisoning night before the last time I was schelduled they didn't want to put me under being sick
Ken-ST Moderator: ah i see
Ken-ST Moderator: hope everything goes well bro
djg me too doctor is supposed to very good every person I talk to about it including other docs say he is good might be 2nd best in st. louis the best is kind of a d*ck
Ken-ST Moderator: lol
Ken-ST Moderator: brb
Scott-ST Moderator: Markets are now talk out Fridays Lows
Lippy has logged out
JQ Great Scottbo the markets talk to each other
Scott-ST Moderator: lol
Scott-ST Moderator: taking
Scott-ST Moderator: I guess its time for my new fingers
JQ Your going to have to stop listening to THE PONTIFF!!!
JQ LMAO
Scott-ST Moderator: lol
Scott-ST Moderator: the S&PFutures Emini is sitting just below the 50 ema on the daily chart
Lippy has entered DayTrading Chat
Scott-ST Moderator: wb Lippy
Lippy Flushed myself out....
Scott-ST Moderator: uh-oh
Lippy too many tabs on my computer
JQ Great Scott what would you be looking at a Short or Long on the S&P
Scott-ST Moderator: looking at the daily chart, The Stochatics are coming off an oversold area
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Scott-ST Moderator: 5 Min Chart shows the Stochastics are coming up from an oversold area
Scott-ST Moderator: err correction on the Daily Chart, The Stochatics are coming off an over bought area
Scott-ST Moderator: I would not short at this point may wait for a pull back
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Scott-ST Moderator: wb emdee
limey has logged out
Scott-ST Moderator: Well Gang we are rolling out of lunch
Scott-ST Moderator: we will keep an eye on any Longs as the markets are coming off of over sold areas
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on JAKK 24.17
Ken-ST Moderator: Watching for Type B Short at new low of the day on JAKK 24.17
Ken-ST Moderator: Watching for Type B Short at new low of the day on JAKK 24.17
Ken-ST Moderator: despite the down market, not much going on
Cale it was a good morning
Cale up 2%
Scott-ST Moderator: good job Cale
gregory has entered DayTrading Chat
Ken-ST Moderator: wb
Scott-ST Moderator: Chris Angle, new Season!!!
Scott-ST Moderator: love to watch that guy
Ken-ST Moderator: Intraday Trend is Sideways to Up
Cale I bet it starts to run back up
MS I lost the board will reconnect
MS has left the room
MS has entered DayTrading Chat
Scott-ST Moderator: wb
Scott-ST Moderator: okay Gang, I will be right back. keep your eye on JAKK
Ken-ST Moderator: Gang we have a change in the Hourly trend
Ken-ST Moderator: We are now in an Hourly Downtrend
Ken-ST Moderator: Daily chart is now testing the 5 day EMA area
Ken-ST Moderator: I am waiting for the market to break its trend
Ken-ST Moderator: it has been holding the 20 day EMA forever
Ken-ST Moderator: it has also been making new trend highs, but immediately sells off
Ken-ST Moderator: very hard to trade this type of market
emdee has logged out
Ken-ST Moderator: So we are waiting for themarket to have a sustained breakout , or fail its 20 day EMA convincingly
Ken-ST Moderator: that will provide a more sustainable trend
MS Ken - On the board you have CDRN it suppose to be CRDN - TY
kami has logged out
Scott-ST Moderator: TY ms
Ken-ST Moderator: ty ms
Ken-ST Moderator: gang LRCX has a short setup at a new lod
Ken-ST Moderator: we will issue it with a tight stop if filled
Ken-ST Moderator Update!
Ken-ST Moderator: Watching for Type B Short at new low of the day on LRCX 46.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on LRCX 46.30
Ken-ST Moderator: Watching for Type B Short at new low of the day on LRCX 46.30
Ken-ST Moderator: if we do enter, suggest keeping profits tight
Ken-ST Moderator: trade conservative
Lippy see you all tomorrow take care
Lippy has left the room
Scott-ST Moderator: take care Lippy
Cale its so quiet because t2t isnt around
Cale and JQ is sleeping on the JOB again
Cale MS do you go over to the strip very often?
MS Never
MS Unless you come to visit
Cale not a gambler?
MS No
Cale I am glad I dont live their, I would alwas be at the tables
MS You would lose your shirt and your underwear, the casinos are vaccum cleaners
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator Short!
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short LRCX 46.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short LRCX 46.30
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short LRCX 46.30
Cale yep that would be me
Ken-ST Moderator Update!
Ken-ST Moderator: UPDATE: Moving stop on LRCX 46.57
Ken-ST Moderator: UPDATE: Moving stop on LRCX 46.57
Ken-ST Moderator: UPDATE: Moving stop on LRCX 46.57
Scott-ST Moderator: STOPPED Consider exit in LRCX
Scott-ST Moderator: STOPPED Consider exit in LRCX
Scott-ST Moderator: STOPPED Consider exit in LRCX
Jen that sure looked like a trap!
Scott-ST Moderator: [img id=em-11]
Ken-ST Moderator: sure did
Mana JAKK, false breakout ?
JP has logged out
Ken-ST Moderator: its on the first break
Ken-ST Moderator: so risky
Cale I am surprised Ken fell for that one
Mana ok
Ken-ST Moderator: especially when the market is overbought like it is
Ken-ST Moderator: so I would stay clear of that
Ken-ST Moderator: let it consoldiate
Ken-ST Moderator: then you can consider a possible trigger
Ken-ST Moderator: thats the way it goes cale
Ken-ST Moderator: but market oversold in an overall downtrending market
Ken-ST Moderator: it had a tight stop
Cale Thats Day Trading
Ken-ST Moderator: thats right
Cale am still up 1.5%
Ken-ST Moderator: the one thing that wasnt attractive was the range on daily that it was in
Cale thakns :)
Ken-ST Moderator: thats why i mentioned conservative trading
Ken-ST Moderator: tight profits
Ken-ST Moderator: with a tight stop
Ken-ST Moderator: p
Ken-ST Moderator: JAKK fell back
Mana Ken, is it safe to short on first breakout ?
Ken-ST Moderator: it depends on the time of day
Ken-ST Moderator: its hard to answer that without content
Mana I ask u that because I lost a lot by going long after a breakout, if I entered short instead I would be extremely profitable.
Mana But it is so unnatural ... to short on uptrrend
Ken-ST Moderator: i wouldnt advise doing it just because is on a breakout
Ken-ST Moderator: but along with the market and the time of day
Ken-ST Moderator: you need to monitor that
Mana ok
Ken-ST Moderator: JAKK came a long way to attempt to break that HOD area.
Ken-ST Moderator: the market was also very overobught
Ken-ST Moderator: the runner is tired
Ken-ST Moderator: wait for the runner to catch its breath before entering the race
Mana Can we chat about NVEC ?
Scott-ST Moderator: Sure
Scott-ST Moderator: did you have a question regarding it?
Mana Looking at a daily chart ...
Ken-ST Moderator: it is trading right at its 50 day EMA currently
Mana A resistance would be the 200MA or the high on january 18 ?
Ken-ST Moderator: you have some resistance there but its not a lot
Mana Could go further up today or after consolidation ?
MS OK guys, see you all tomorrow
Scott-ST Moderator: take care MS
Ken-ST Moderator: sure, but it is risky
MS has left the room
Ken-ST Moderator: it is overbought along with themarket
Ken-ST Moderator: so at this point, its a no trade
Ken-ST Moderator: a type C consideration if anything
Mana JAKK droping like a stone ...
Mana If NVEC pause for a day or two could it be a type A play ?
Ken-ST Moderator: Ok gang lets hope for a solid market trend tomorrow
Ken-ST Moderator: possibly Mana
Ken-ST Moderator: we will have to see what hte candles look like
Mana ok
Ken-ST Moderator: ok gang, I am heading out here. Scott will take you to the close
Ken-ST Moderator: Have a great evening
Jim has left the room
Ken-ST Moderator is no longer a moderator
Ken-ST Moderator has logged out
alex has logged out
bobby has logged out
Scott-ST Moderator: any other Questions?
Mike22 Hi scott. How do we play a Type B breakout (long) when at the same time the SPX is dropping fast.
Scott-ST Moderator: give me an example?
Scott-ST Moderator: are you talking about RIMM?
Scott-ST Moderator: Going to cancel all alerts here
Scott-ST Moderator: we dont have much time in the trading day
Scott-ST Moderator: and JAKK has good support on the 50 ema on the 5 min Chart
Scott-ST Moderator: CANCEL ALL ALERTS
kramer12 has logged out
Scott-ST Moderator: take care kramer