Scott-ST Moderator: *
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Good Morning Everyone
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Thursday May 31st, 2007
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Scott-ST Moderator:
News for Today
Scott-ST Moderator: NAPM-Chicago
9:45 ET
Construction Spending
10:00 ET
Scott-ST Moderator: Help Wanted Index
10:00 ET
EIA Petroleum Status Report
10:30 ET
Scott-ST Moderator: 3-Month Bill Announcement
11:00 ET
6-Month Bill Announcement
11:00 ET
Farm Prices
3:00 ET
frank has entered DayTrading Chat
Scott-ST Moderator: gm frank
frank gm scott
frank how are you today?
Jen has entered DayTrading Chat
Scott-ST Moderator: -
NAPM-Chicago 9:45 ET; Construction Spending 10:00 ET; Help Wanted Index 10:00 ET;
EIA Petroleum Status Report 10:30 ET;3-Month Bill Announcement 11:00 ET
6-Month Bill Announcement 11:00 ET; Farm Prices 3:00 ET
Scott-ST Moderator: so far so good frank ty
Scott-ST Moderator: gm Jen
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Jen gm Scott \
double "GG" has entered DayTrading Chat
double "GG" gm scott gang ken?
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kramer is DNDN off the list today because it is <10 or can it be "grandfathered" in?
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mred gm
Jen I'm watching that one too Kramer
kramer I think it is loaded with "naked shorts" that are in trouble this morning
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JP CIEN?
nick whats a naked short?
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Scott-ST Moderator: CIEN still in Recent Range
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kami gm
Scott-ST Moderator: A naked short is a sale of stock in which a stock broker does not find the stock sharesto borrow within 3 or 13 days. A retail investor is not allowed to naked short, but a market maker is allowed to have a naked short for "bona-fide market making.
Kramer it is very hard to borrow...some people short it without the borrow and HAVE to cover up here
nick thanks scott.. learn something new everyday!
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Scott-ST Moderator: me too Nick
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Scott-ST Moderator: Party Time OPening Bell
Cale has entered DayTrading Chat
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Cale Wait for me!!!
Scott-ST Moderator: gm Cale, gahand
gahand gm
nick i love u DNDN
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Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
limey 90.45 !
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 89.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 90.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 90.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AGE 90.45
Scott-ST Moderator: YES Limey
Scott-ST Moderator: ty 90.45
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 120.51
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 120.51
Scott-ST Moderator: Watching for Type B Buy at new high of the day on AAPL 120.51
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double "GG" people keep an eye on JAGH there is a naked shorts squeez thats starting to take place read the news once the merger goes through its going to accelerate rapidly
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SMTC 17.01
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SMTC 17.01
Scott-ST Moderator: Watching for Type B Buy at new high of the day on SMTC 17.01
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy aapl 120.51
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy aapl 120.51
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy aapl 120.51
Scott-ST Moderator: UPDATE: Moving stop on AAPL 119.63
Scott-ST Moderator: UPDATE: Moving stop on AAPL 119.63
Scott-ST Moderator: UPDATE: Moving stop on AAPL 119.63
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JP CIEN worked out nicely.
Scott-ST Moderator: Watching for Type B Short at new low of the day on OPTM 13.92
Scott-ST Moderator: Watching for Type B Short at new low of the day on OPTM 13.92
Scott-ST Moderator: Watching for Type B Short at new low of the day on OPTM 13.92
Scott-ST Moderator: good job JP
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JP Thanks
Cale nice one JP, still looks good
JP NTGR at new high
mb9262 OPTM NOT AVAILABLE FOR SHORT
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 19.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 19.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 19.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 13.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 13.92
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short OPTM 13.92
mb9262 shorts not available
Scott-ST Moderator: if you cant get short the next best thing to do is note the setup
JQ and a new broker!
Scott-ST Moderator: [img id=em-10]
Cale lol
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 12.39
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 12.39
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 12.39
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 16.39
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 16.39
Scott-ST Moderator: Watching for Type B Short at new low of the day on SMTC 16.39
Scott-ST Moderator: 16.39
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short SMTC 16.39
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short SMTC 16.39
Scott-ST Moderator: TYPE B Trade (Gap). Consider Short SMTC 16.39
mb9262 SMTC is bullish today
Scott-ST Moderator: UPDATE: Moving stop on SMTC 16.76
Scott-ST Moderator: UPDATE: Moving stop on SMTC 16.76
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OPTM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OPTM
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in OPTM
mb9262 ncie guys but we could nt
Cale I got shorts mb
mb9262 nice
Cale still holding OPTM right now
Cale see if I can ride it down
mb9262 cale do u adjust u rstops when u r riding further
Cale yes, I have a trailing stop
Scott-ST Moderator: STOPPED Consider exit in SMTC
Scott-ST Moderator: STOPPED Consider exit in SMTC
Scott-ST Moderator: STOPPED Consider exit in SMTC
JQ Calebo do you have your White boots on cowboy?
Cale and Hat :)
JP LOL anyone else see a high of 1100.00 on DNDN?
JQ lol
nick yes
johnboy that would've been a good short
nick hate to have that trade!
Scott-ST Moderator: I see 13 as HOD
Cale hell of a short
Jen no, I have 13 too
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NTGR 37.48
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NTGR 37.48
Scott-ST Moderator: Watching for Type B Buy at new high of the day on NTGR 37.48
Scott-ST Moderator: Markets holding at the Highs
Scott-ST Moderator: good support right now
Scott-ST Moderator: Watching for Type B Short at new low of the day on ENDP 34.54
Scott-ST Moderator: Watching for Type B Short at new low of the day on ENDP 34.54
Scott-ST Moderator: Watching for Type B Short at new low of the day on ENDP 34.54
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NTGR
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NTGR 37.48
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NTGR 37.48
Scott-ST Moderator: TYPE B Trade (Gap). Consider Buy NTGR 37.48
Scott-ST Moderator: UPDATE: Moving stop on NTGR 36.89
Scott-ST Moderator: UPDATE: Moving stop on NTGR 36.89
Scott-ST Moderator: UPDATE: Moving stop on NTGR 36.89
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JQ Lizzy...Lizzy...Sweet...Sweet!!!!
Cale I ah Happy for you JQ
Scott-ST Moderator: Markets starting to come off the tops
Scott-ST Moderator: Stochastics are turning down from the over bought area
Scott-ST Moderator: STOPPED Consider exit in AAPL
Scott-ST Moderator: STOPPED Consider exit in AAPL
Scott-ST Moderator: STOPPED Consider exit in AAPL
Cale LOL The one time AAPL comes down
mb9262 what everyone thihnks if i say i lost my money in AAPL stock recently
harry can we cosider shorting AAPL?
Cale I am not telling anyone, not even you all
harry 119.64 was LOD of aapl
Scott-ST Moderator: [img id=em-6] I understand Cale
Scott-ST Moderator: harry I have 119.54 as LOD
Scott-ST Moderator: Oil Numbers coming out in 5 Minutes
Scott-ST Moderator: Markets are sitting right at the 20 EMA
Scott-ST Moderator: see what happens
JQ laters gang... have a great comeback!!!
JQ has logged out
Cale Later JQ
johnboy laters JQBROBO
Scott-ST Moderator: tc JQ
Cale Moonboy, didnt see you sneek in again
johnboy I'm here, I'm there, I'm nowhere, I'm everywhere
Cale you are snucky
Cale you sneaked in
mb9262 oild data
mb9262 oil data
Scott-ST Moderator: looks like its all in line
mb9262 dwon 2mill barrels
Scott-ST Moderator: right at expectations
Cale I heart OPTM
mb9262 what is u r new stop for optm?
mb9262 stop loss
Cale .77
Scott-ST Moderator: Markets bouncing off the 20 ema stretching for the HOD
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Scott-ST Moderator: 1% PROFIT HIT. Consider taking some profits in NTGR
Scott-ST Moderator: We can thank JP for that one
Mike22 net...sweet! tks JP
Cale Thanks JP!!
JP Glad it worked out.
Scott-ST Moderator: [img id=em-8]
Cale JP is always in the know, just like CIEN :)
Cale when JP talks I listen
Scott-ST Moderator: NTGR HOD
Cale wow, thats nice
Cale and me not in anymore
Cale JP you still in?
JP Nope.
Mike22 RIMM won't stop
Scott-ST Moderator: good trade gang
Cale Never would have guessed that RIMM would make it to 100 let alone 170
Cale wow
Cale remember trading RIMM at $65
Cale did China Really Tank?
johnboy -3.5%
Cale bah, thats not a tanking
djg Cale if you were in NTGR where would you set trailing stop?
Cale -5% is a tanking -10% is a crash
JP -6.5% yesterday right? So down 10% in 2 days?
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Cale I would have an auto trailing stop djg
johnboy wait, thta number is from Ponty
djg trailing by how much?
Cale so China has been tanking
Cale djg I would put the stop at 1% gain from entry and then trail it up .25%
johnboy China was down 6.5% the other day, but it looks to be up 1.4% last night
djg thanks Cale
Cale but sometimes I trail manually
Cale just depends on the movement
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Cale i am still in OPTM with a manual trailing stop
Cale my stop is at .68 now
djg nice
Cale just never go below the orig 1% gained
djg thanks
Scott-ST Moderator: Markets Pushing back up to the top
mb9262 so we can buy AAPL again?
Scott-ST Moderator: we will not issue a 2nd long in AAPL this morning, maybe this afternoon
mb9262 ok
mred has left the room
Scott-ST Moderator: take care mred
Scott-ST Moderator: have a good rest of your day
Scott-ST Moderator: CANCEL ALL TYPE B Alerts Until After Lunch
Scott-ST Moderator: Any Questions?
harry lunch time is from 11 to 13 ? :-)
Scott-ST Moderator: yep
Scott-ST Moderator: good time for idle chit-chat
Scott-ST Moderator: and Questions
Scott-ST Moderator: lets keep our minds off of trading
Scott-ST Moderator: we can talk about Car's, Movies, Computers, Beer, Baseball
Scott-ST Moderator: your Pick!!
Scott-ST Moderator: anyone anyone?
johnboy the moon?
Cale how about the moon
Cale yes JB the MOON
mb9262 I still ask about trading
Cale i have a Questions about the moon
mb9262 AGE?
johnboy it's too bad that there are no good odes put to music about the moon
mb9262 what do u think?
Cale is there a man on the moom, or is it a face of a man on the moon
Scott-ST Moderator: AGE has not been trading with any trend this morning
Scott-ST Moderator: I would avoid
johnboy I don't know Cale, the moon is very high
Cale little boy blue and the man on the moon
Cale you know that song??
Cale Cats in the craddle....
johnboy yep
Cale that some makes me cry
johnboy ..........awwww
Cale along with one other song, not sure who sings it
johnboy the ex-hippie guy
Cale let me see if I can find it
johnboy cat stevens
Scott-ST Moderator: did that answer your Question mb?
johnboy I have "wild world" on my mp3 player
Cale I was thinking of the other song
mb9262 yes
johnboy oh the other song is "oronoco flow" by enya
Cale its about a kid who's dad is never around
Cale and then as the kid grows older he doesnt have time for his dad
Cale that one gets me all choked up
johnboy you mean "cats in the cradle", right?
Cale isnt there aother one like that, let me youtube that one
Cale okay Yes thats it
johnboy LOL
johnboy give me back my tube of glue
Cale doh
Cale LOL
Cale http://youtube.com/watch?v=Jek6iP6AuAQ
Scott-ST Moderator: yep Cat Stevens, love the 60s
Cale he most of had Dad issues also
johnboy Cale, is that you on the bass?
Cale LOL
Cale cant find Cat in the Cradle on youtube
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Scott-ST Moderator: going to start scaning for some Type C's
Mike22 has left the room
Cale can you find the song there JB?
Cale and not buy Peroxide
johnboy good song Cale
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Cale Father and Son, yep
Cale another Classic, Tuesday's Dead from Cat Stevens
johnboy http://www.noolmusic.com/blogs/YouTube_AMV_Anime_Music_Video_-_Family_Guy_-_Cats_Cradle.shtml
Cale lol, thats close
Cale dont have to watch the video, Thanks so much Sir
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johnboy http://www.youtube.com/watch?v=it5IFEfHBQY
Scott-ST Moderator: thats a great one JB
Cale I saw the Moon!!
Cale one hit wonder
johnboy nah, one hit wonder, and a song that is special for me (sign) is by Four Non Blondes: http://www.youtube.com/watch?v=LiDpMfEeo3Q&mode=related&search=
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Cale yep good song
Cale and they are not blonds
johnboy and the song that I sing all the time at work, just because I love the harshness of the German language in song........I know the whole song in German LOL.......http://www.youtube.com/watch?v=jQYQTFudrqc
Cale what year was that mid 90's?
johnboy must have been early 90's, maybe 1990?
johnboy 1993, that makes sense, because I was in Australia bumming around when I first heard it, and ended up falling for a woman that sung it in karaoke............ah, to be young again......LOL
Cale how do you not love youtube
johnboy they should call it gluetube, because it sucks you into a vortex of lost time
Cale very true
Cale JB that last one didnt come through
johnboy oh no, nena and her luftbalon?
Cale yea is that it one?
johnboy http://www.youtube.com/watch?v=jQYQTFudrqc
Cale thats left from the mid 80s right?
Cale I thgouth she was so HOT back in Jr. High
johnboy yeah, because in Grade 8 German class, we watched the video
Cale and you know the words in German?
johnboy naturlich!
johnboy of course
Cale wow, nice!!
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Cale is there an English Version?
johnboy the english version is hilarious, the song in German is actually kind of a social commentary on the Cold War
johnboy the english version is pure pop
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Cale figures
johnboy http://www.youtube.com/watch?v=ud-4gqRmbm0
Cale yep the german version is awesome
Cale http://www.youtube.com/watch?v=r4-9mB_kGgg
johnboy LOL
johnboy the BEST video on youtube, bar none
johnboy thanks buddy
Cale nothing like that one!!
johnboy now it'll be in my head all day
Cale heheh
Scott-ST Moderator: nothing for type C's today
Scott-ST Moderator: I have to say I am surprised because the markets are trending up
Scott-ST Moderator: any other Questions??
johnboy you guys know that you can watch youtube videos in full screen mode, right?
Cale really?
Cale how?
johnboy C'MON
johnboy Cale, you must know
johnboy in the bottom right of the video window, click on the icon with the little rectangle in the top left corner of a bigger rectangle
Cale does it look messed up?
johnboy depends, dome look good, others are pixelated. depends on the upload quality I guess
Cale yep, the GreensKeepers is a bit Pixelated
Cale but good to know
Scott-ST Moderator: Lets talk about Monkeys
johnboy LOL
Scott-ST Moderator: did you kn ow only Monkeys have tails
Scott-ST Moderator: and that Chimpanzees are not monkeys because they dont have tails
Scott-ST Moderator: Some organizations, such as Helping Hands in Boston, Massachusetts, have been training capuchin monkeys to assist quadriplegics and other people with severe spinal cord injuries or mobility impairments
Cale if you had a monkey on your back would you get it off?
johnboy You wouldn't believe what I say a bunch of monkeys in the zoo in Bangkok do. They must all be blind by now. LOL. back in a bit......time to walk the chimpanzee dog and the monkey dog
Scott-ST Moderator: lol
Cale they just do that until they need glasses
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Scott-ST Moderator: so Whats For Lunch?
Cale too early for Lunch
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Scott-ST Moderator: wb Jen
Jen thanks
Scott-ST Moderator: a few stocks of Intrestin hitting Highs: CCOI VDSI AMTD ARRS
Scott-ST Moderator: a few stocks of intrest hitting Lows: OPTM TWM MZZ MNKD SOLF
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Scott-ST Moderator: wb Mike
Scott-ST Moderator: so China takes a major dip and our markets keep going up....
Scott-ST Moderator: did you all see Jobs and Gates together on stage in 1983?
Scott-ST Moderator: that was funny
Mike22 no doubt Gates was the ultimate geek in that '82 footage.
Scott-ST Moderator: he looked like he was 16 years old
Scott-ST Moderator: one rich geek thats for sure
Mike22 brainpower on that stage was amazing. They change the world and we cant even type right! (lol)
Scott-ST Moderator: other then the MoonQuestion does anyone haev a Question?
Scott-ST Moderator: lol
Scott-ST Moderator: I can type I just cant spell
Mike22 at least were good traders ..(yay!)
Scott-ST Moderator: lol
Scott-ST Moderator: just dont look at AAPL at the HOD
Scott-ST Moderator: how did Heinz do on their earnings today?
Scott-ST Moderator: looking good now
Scott-ST Moderator: but no big deal i guess
Scott-ST Moderator: any runners in the room?
Scott-ST Moderator: any one at all inthe room
Mike22 anybody in the room? Scott: I try to runn 3mi p/day.
Scott-ST Moderator: I am so lonely
Scott-ST Moderator: wow every day?
Scott-ST Moderator: I have been trying to run 3 miles 3 times a week
Mike22 I try but my trading and o/s consulting gets in the way. Shoot for 4 days per wk.
Amlo Just exited AAPL at 121.55
Scott-ST Moderator: thats good
Scott-ST Moderator: very nice trade Amlo
Scott-ST Moderator: good job sticking with it
Amlo I had a wider stop
Scott-ST Moderator: yep very good
Amlo NIceeee
Scott-ST Moderator: HNZ working it just like AAPL
Scott-ST Moderator: Markets are trading in a sideways Range right now..
Scott-ST Moderator: looks like it could go either way
tc Scott, thoughts on BFAM after lunch??
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Scott-ST Moderator: lets take a look
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Scott-ST Moderator: oh very nice!!
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tc Scott, do you still have LAYN up on your screen?? after lunch prospect??
Scott-ST Moderator: yes
Scott-ST Moderator: the spread was off this morning
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Scott-ST Moderator: lets see what we have coming up here
Scott-ST Moderator: I like CIEN from what I can see
qwerty CIEN
qwerty ah
Scott-ST Moderator: the stop would be a bit loose for my liking
qwerty btw i set aapl to buy+sell during my lunch and got it
Scott-ST Moderator: [img id=em-8] gj
qwerty :)
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 33.95
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 33.95
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 33.95
qwerty no CIEN hod was 34.18
tc i have CIEN high of 34.18
qwerty early in the day
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 34.95
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 34.95
Scott-ST Moderator: Watching for Type B Buy at new high of the day on CIEN 34.95
qwerty 34.19?
Scott-ST Moderator: I have 34.94
Mike22 I have 34.19 too
Scott-ST Moderator: yep you all are right
JP 34.17 here
Scott-ST Moderator: CANCEL CIEN FOR NOW
qwerty at 9:40... 34.18
Scott-ST Moderator: need to find a stop
johnboy tough one
johnboy 33.52? then might as well be 33.49....?......good call on waiting
Scott-ST Moderator: we will wait on that one
Scott-ST Moderator: yep exactly Johnboy
johnboy SMTC LOD maybe?
johnboy if it busts a move 80's style thru the 50 EMA...
Scott-ST Moderator: the stop on SMTC is a bit far
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Scott-ST Moderator: wb harry
harry thank god, we did not jump on CIEN, it just droped 1%
Scott-ST Moderator: one issue we have with LAYN is the large red candle at the open
Scott-ST Moderator: Markets right at their 50 ema
Scott-ST Moderator: Support or does it become resistance?
johnboy this market needs some cowbell
Scott-ST Moderator: LOL
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Scott-ST Moderator: what was that song on SNL where they made the one guy use the cow Bell
johnboy don't fear the reaper
johnboy blue oyster cult
johnboy C'MON!
Scott-ST Moderator: OMG JB you are amazing!!!
Scott-ST Moderator: yep
Scott-ST Moderator: OMG, is all I can say
Scott-ST Moderator: JB can read my mind!!
johnboy evidence of a misspent youth, that is all
Scott-ST Moderator: lol, for me or you?
johnboy both!
Scott-ST Moderator: lol I am okay with that
johnboy Scott, I need a $100k/year job in Vancouver...can you hook me up?
Scott-ST Moderator: is that US or Canadian ?
qwerty canadien$?
qwerty lol
johnboy pretty much the same
Scott-ST Moderator: is it?
johnboy the CND $ = 0.93 US$
johnboy and ours have pretty colours on them
Scott-ST Moderator: yes they do, i thgout it was 1 to 1.35
johnboy the CND dolllar has risen 50% in 5 years
Scott-ST Moderator: wow
johnboy not good for the CND economy
Scott-ST Moderator: its been about that long since i Have been there
johnboy the manufacturing sector is dying
Scott-ST Moderator: because of China
johnboy no, the high dollar
johnboy everything is sold in US dollars
johnboy so returns have plummeted
Scott-ST Moderator: us Dollar or Canadien?
Scott-ST Moderator: j/k
Cale is it spelled Canadien or Canadan?
johnboy it depends on where you are and what you are referring to
johnboy Canadian is used 99% of the time
Cale ian, thats what I thought
Cale but en is okay also?
johnboy sure, but most people would think you're talking about the Montreal NHL team
johnboy or speaking French
Cale ah okay
Cale we we we
johnboy oui oui oui
Cale lol
qwerty french is funny... they write it one way and pronounce opposite way
qwerty moi=moa
johnboy Canadians are very polite and like to be greeted accordingly, so if you ever run into a French Canadian (Celene Dion,etc.) say: Vous avez le cervau d'un sandwich au fromage
Cale je retourne la période
qwerty how to pronounce that lol
Cale something about a cheese sandwich
johnboy sorry, that is probably only funny for me and Lippy
Cale thats okay as long as someone laughed
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Scott-ST Moderator: okay Take Care Jen
Scott-ST Moderator: have a good evening
Scott-ST Moderator: Markets are rolling down to an oversold area with room to fall
Scott-ST Moderator: markets at LOD
Scott-ST Moderator: ore near
Charlie has entered DayTrading Chat
Scott-ST Moderator: ore =or
Scott-ST Moderator: Chuck Hello
Charlie hi Scott
Scott-ST Moderator: the Markets are working hard not to go down any further
Scott-ST Moderator: Stocks are over sold
Scott-ST Moderator: ENDP on its 1st breakdown
Scott-ST Moderator: lets see if we can get a consolidation and some pull back on it to short it
Scott-ST Moderator: AAPL coming down to the 50 ema
Scott-ST Moderator: 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.
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Scott-ST Moderator: take care JP, have a good rest of your afternoon
Scott-ST Moderator: okay Gang I need to take off for 30 Min, BRB
harry does anyone know a site with realtime not delayed SPX index, my quotetracker application today does not work...
johnboy sorry harry, no
johnboy what do you use for trading?
harry bloomberg.com seams to be realtime
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harry in my trading application TWS from IB, i have a spx symbol traded on CBOE, is that the s&p 500 index?
johnboy does it say 1530.74 right now?
harry no 30.52
johnboy 1530.52
harry ok thats it, thx
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johnboy yep, that is what Scott means when he says "the heartbeat of the market"
johnboy 1530.67
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johnboy .76
harry do all stocks follow the "heartbeat" or only the big ones?
johnboy LOL. I am just a goof harry. Scott knows better, but I would say that the "heartbeat" is an indicator.........just gives you a snapshot of where the market has been
johnboy as for whether an individual stock is going to follow the SPX, check old charts and compare them to see if there is a correlation
harry but whats first, the indicator or the sum of all stock price changes? do you think more money is invested in futures or indiviual stocks?
johnboy i.e. ORCL and SPX
harry its like ths story with the chicken and the egg, how was the first one :-)
johnboy I would say the only advice I can give is: don't anticipate, participate
johnboy go with the trend, and with the breakouts
johnboy there is no holy grail, but KenboScottbo are pretty close
johnboy I don't know if you have watched the videos, but they help out a lot
johnboy tell Scott you want a discount because you know me
harry k
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Scott-ST Moderator: so what did I miss?
Scott-ST Moderator: markets bounced back up
johnboy plunge protection team working hard
Scott-ST Moderator: Looks like it
tc just not a whole lot going on...by the way where has Ken been this week??
Scott-ST Moderator: working on a Project, he will be in next week
Scott-ST Moderator: CIEN tested the HOD and pulled back
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tc Scott, I just wanted to thank you and Ken for this month...my best since May 2006...up 33%
Scott-ST Moderator: very nice tc
Scott-ST Moderator: good job!!
tc you guys teach well
Scott-ST Moderator: thanks so much!!
Scott-ST Moderator: 33% is better then our 26%
Scott-ST Moderator: for the month
tc the greatest thing I have learned is to take profits...I would many times try to hit homeruns...watching a good trade turn bad
harry ok, now i understand its the 31 of may and everybody wants to cash in, thats why the SPX is not moving up, am i right scott ?
Cale thats me too tc, also over trading
Cale I seem to over trade in the afternoons but now I dont do that any more
Scott-ST Moderator: good Trading TC good job
Scott-ST Moderator: month end does effect the markets but mostly to the upside because the BIG MONEY what to dress up their Funds to look good
Scott-ST Moderator: thats why they call it window dressing
Scott-ST Moderator: any Other Questions?
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Scott-ST Moderator: wb mb
Scott-ST Moderator: CLF hod
Scott-ST Moderator: just want to point out that ENDP took out the its LOD after lunch but only on its 1st break
Scott-ST Moderator: and thats an example of why we wait for the 2nd break
tc LAYN did the same thing, Scott, to the upside...1st break only
Scott-ST Moderator: very good tc, and it set it self up for a good next break
Scott-ST Moderator: we will avoid taking LAYN at HOD becasue we are only left with an hour in the trading day
Scott-ST Moderator: AGE has been trading as if it was a buy out
Scott-ST Moderator: I wonder if I missed some news
tc AGE +14.3% (to be acquired by WB for $89.50 per AGE share),
tc I didn't check for you this am, because I never look at the NYSE stocks...
Scott-ST Moderator: well there we have it, thanks tc
johnboy thanks for the day boys and girls, have a terrific evening and stay hydrated
Scott-ST Moderator: ty JB
Scott-ST Moderator: have a good evening
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mb9262 AGE WAS BOUGHT BY WACHOVIA
Scott-ST Moderator: ah ty mb
Scott-ST Moderator: new it was a buy out the way it was trading today
mb9262 Stayed at 87.75 for last 3hrs
Scott-ST Moderator: thats why we avoing buy outs
Scott-ST Moderator: zero trend
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Scott-ST Moderator: 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.
Scott-ST Moderator: CANCEL ALL ALERTS FOR TODAY
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Mike22 tks Scott. See you tommorrow..
Scott-ST Moderator: have a good evening Mike
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