Ken-ST Moderator: gm all
anatta gm ken
kristi gm Ken
Ken-ST Moderator: gm anatta, kristi
JP has entered DayTrading Chat
Ken-ST Moderator: gm JP
co_canadian GM
JP GM
Jim has entered DayTrading Chat
Ken-ST Moderator: gm canada, jim
Jim gm
tom has entered DayTrading Chat
co_canadian Ken didn't get a chance to thank you for AVCI yesterday. Thank you!! Would like to understand how you find picks like that when you get a chance.
Ken-ST Moderator: gm Tom
nick has entered DayTrading Chat
Ken-ST Moderator: gm nick
Tony has entered DayTrading Chat
Ken-ST Moderator: thank you canada, glad you were able to capitalize
Ken-ST Moderator: gm tony
Tony gm
Ken-ST Moderator: Its hard to explain in just words, this is where the video helps a lot.
Ken-ST Moderator: but basically we are selective with our setups. We look for conditions that meet our criteria. Wait for cup and handle setups
Ken-ST Moderator: it all comes down to very basic setups
Ken-ST Moderator: JP thanks for FFIV yesterday. It played out nicely
co_canadian Did you get my e-mail? I was trying to buy the video but the payment kept asking me to start a new account
Ken-ST Moderator: Sorry I didnt. Did you get a reply from the Customer Service?
co_canadian Yes but didn't get a response as of yet
Ken-ST Moderator: you cant buy it from your Membership control panel?
co_canadian I tried but the payment method thinks I am a new subscriber and asks me to give a new username/password. I tried using my existing and it said its already being used so that wasn't it
Ken-ST Moderator: sorry, but can I ask you to send an email directly to Webmaster@swingtrades.com
co_canadian hey no need to apologize! Probably just a simple quick. I just want to get the video and learnnnnn. Will send a e-mail after 11AM today :)
Ken-ST Moderator: ***********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

Futures are down 5 points. Overall market trend is to the upside, however currently we are trading in a sideways intraday trading range. We would like to stress conservative due to the choppy summertime trading conditions.
kami has entered DayTrading Chat
kami gm
Ken-ST Moderator: If you dont get a reply by Monday please let me or scott know in this room. It could be that the emails are being blocked.
Ken-ST Moderator: gm kami
Ken-ST Moderator: Im sure we are getting in on our end, but if you may be getting it as spam
Ken-ST Moderator: ok gang its a summer Friday and the market is trading back into the recent sideways trading range
Ken-ST Moderator: of the past 4 days
Ken-ST Moderator: this makes for a choppy and difficult range
Ken-ST Moderator: keep you trades to a minimum, and conservative
Ken-ST Moderator: we will just be trading the first hour today
Ricky has entered DayTrading Chat
Ken-ST Moderator: gm Ricky
Ricky gm
Ken-ST Moderator: Ok Good trading gang!!!
Ken-ST Moderator: Staying clear of PHRM lod. Supported noted on daily chart
Ken-ST Moderator: SNDK and AAPL both have had extensive runs to the upside. I am wary of HOD plays right now
Ken-ST Moderator: Often times extended runs can end with a gap in that direction
ddjlee has entered DayTrading Chat
Ken-ST Moderator: even more so because of the likely sideways action being a summer friday
Ken-ST Moderator: gm ddjlee
ddjlee gm all
Ken-ST Moderator: so staying clear of first break on those
Jen anyone playing GOOG?
Jen I play it on demo just to get my thrills
Ken-ST Moderator: lol
Ken-ST Moderator: Staying clear of SNDK and AAPL long
Ken-ST Moderator: the market is looking like potential downside
Ken-ST Moderator: also coming off overbought levels.
mych has entered DayTrading Chat
Ken-ST Moderator: that in addition to the extended runs they had on their daily charts, that is red flags to stay clear
Ken-ST Moderator: gm mych
Ken-ST Moderator: ISRG no pullbacks
Batgirl has entered DayTrading Chat
Ken-ST Moderator: welcome batgirl
mych gm all
Batgirl thxs. Kicked out as Jen and said I was already signed in as Jen
mych ISRG run
mych in now?
Ken-ST Moderator: no
Ken-ST Moderator: not us
Jen has logged out
Ken-ST Moderator: waiting for good pullback/consoldation
Ken-ST Moderator: disrgard taht
Ken-ST Moderator: I was going to issue ISRG at 190.26
Ken-ST Moderator: too late
Ken-ST Moderator: I will wait for better consolidation
Ken-ST Moderator: the stock is extremely volatile
Ken-ST Moderator: the hod is valid at this point 192.01 however the stop would be very wide at this point
Ken-ST Moderator: Market at new lod
Ken-ST Moderator: below p/d lows as well
Ken-ST Moderator: wow, where have i been. I ddint even know oil was back up to the highs
Ken-ST Moderator: lets add PLCM to watch list
Ken-ST Moderator: PHRM spread too wide
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 58.27
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 58.27
Ken-ST Moderator: Watching for Type B Short at new low of the day on SNDK 58.27
Ken-ST Moderator: PHRM spread is still under .5% actually which is just under our threshhold
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SNDK 58.27
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SNDK 58.27
Ken-ST Moderator: TYPE B Trade (Gap). Consider Short SNDK 58.27
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Batgirl I took .30 and bailed. Don't like support to the left from yesterday
Ken-ST Moderator: gj batgirl
Ken-ST Moderator: be consevative with your profits
Ken-ST Moderator: always good during summer
Ken-ST Moderator: Damn I missed PLCM
Ken-ST Moderator: Market new lod
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PHRM 25.35
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PHRM 25.35
Ken-ST Moderator: Watching for Type B Buy at new high of the day on PHRM 25.35
Ken-ST Moderator: if PHRM triggers I am setting the stop at 24.85
Ken-ST Moderator: if it takes that stop price before the trigger, I will cancel the entire alert
Ken-ST Moderator: Market new lod
mych is a panic out there
mych but gold spot price climbs
mych sure sign of sheer panic on the trading floor
mych Each 1% of caterpillar contributes to 4 points of DOW
mych gold play today.. FCX or AU
Ken-ST Moderator: or you can play it directly with GLD
Ken-ST Moderator: CANCEL PHRM LONG ALERT
Ken-ST Moderator: at this point the stop would be too big
Ken-ST Moderator: Intraday Momentum is Sideways to Down
Ken-ST Moderator: lets wait to see if we can find a better stop area before issuing
Ken-ST Moderator: if we issue again
Ken-ST Moderator: ISRG is valid at a new hod 192.01 if we can find a decent stop.
Ken-ST Moderator: the only stop i see is at 185.99 right now
Ken-ST Moderator: just over 3%
Ken-ST Moderator: wil avoid
Ken-ST Moderator: market still in its intraday downtrending momentum
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.71
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.71
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.71
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ISRG 194.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ISRG 194.51
Ken-ST Moderator: Watching for Type B Buy at new high of the day on ISRG 194.51
Ken-ST Moderator: ISRG is close
Ken-ST Moderator: initial stop will be 191.78 if triggered
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ISRG 194.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ISRG 194.51
Ken-ST Moderator: TYPE B Trade (Gap). Consider Buy ISRG 194.51
Ken-ST Moderator: UPDATE: Moving stop on ISRG 191.78
Ken-ST Moderator: UPDATE: Moving stop on ISRG 191.78
Ken-ST Moderator: UPDATE: Moving stop on ISRG 191.78
Ken-ST Moderator: Stock is extremely volatile play lightly
Ken-ST Moderator: gang I will do something a little unusual. I will revert back to the original stop on SNDK.
Ken-ST Moderator: Ill explain in a bit
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.92
Ken-ST Moderator: I am watching the market closely here.
Ken-ST Moderator: At the expense of just a little more room, we have a slightly better resistance area at the original stop price.
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ISRG
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ISRG
Ken-ST Moderator: 1% PROFIT HIT. Consider taking some profits in ISRG
Ken-ST Moderator: the futures on the market is going sideways at best . I want to give SNDK room to move
Ken-ST Moderator: between 10 and 10:30 the market often goes into a countertrend
anatta Sweet Ken!
Ken-ST Moderator: I feel the market stabliization is still a sideways trend but overall downtrending momentum
Ken-ST Moderator: So I want to give SNDK as much room as possible to move while still in that sideways to downtrending Market momentum
Ken-ST Moderator: ty anatta
Ken-ST Moderator: take note that the market remained in the sideways to down trend
Ken-ST Moderator: the entire time
Ken-ST Moderator: stochastcis remained in downtrend
Ken-ST Moderator: and prices never closed above the 5 ema on 5 min
Ken-ST Moderator: mrket new lod here
mych S&P and DOW shedding points
Ken-ST Moderator: This is our last trade of the day
Ken-ST Moderator: CANCEL ALL TYPE B ALERTS
Ken-ST Moderator: Watching market closely here
Ken-ST Moderator: if we break that downtrending momentum, I will tighten the stop
Ken-ST Moderator: quick day today, but hopefully it was a good learning day
Ken-ST Moderator: market approaching the lod
Ken-ST Moderator: market new lod
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.59
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.59
Ken-ST Moderator: UPDATE: Moving stop on SNDK 58.59
Ken-ST Moderator: tightening up at this point gang. You have the twoother stop levels if you want something looser.
Ken-ST Moderator: I am tightening up because the market is very oversold
Ken-ST Moderator: but still in overall dowtrend mometum
Ken-ST Moderator: with the oversold condition on the market, at this point if SNDK took out that 58.59 level, you may see additional buying coming in. 58.59 level keeps things tight but still gives us room to move within the trade.
kami has logged out
Ken-ST Moderator: market now taking a stab at its 5 ema on 5 min
Ken-ST Moderator: STOPPED Consider exit in SNDK
Ken-ST Moderator: STOPPED Consider exit in SNDK
Ken-ST Moderator: STOPPED Consider exit in SNDK
Ken-ST Moderator: ok gang, market surging above the 5 ema here
Ken-ST Moderator: you ahve the other two stop levels if you so choose.
Ken-ST Moderator: Slightly positive day today, but learning day all together
Ken-ST Moderator: Any questions/ comments?
tc has logged out
anatta I posted a question before you logged on this morning. Can you see it?
Charlie has entered DayTrading Chat
Ken-ST Moderator: Let me scroll up
Ken-ST Moderator: gm charlie
Ken-ST Moderator: Jen gave a great answer
anatta Yes, I agree. Just wanted to know if you had any additions.
Charlie gm Ken
Ken-ST Moderator: I would suggest looking at the level II to see how thin the stock is. You will start to see it better as you execute more. But I use market order most of the time when entering
Ken-ST Moderator: if the stock is thin you may opt for a limit order with a wide cushion
Ken-ST Moderator: but Jen explained it perfectly
anatta Okay. Thanks Ken and Jen!
Ken-ST Moderator: ty jen
co_canadian Have a good weekend all!
Ken-ST Moderator: Ok gang, Heading out here
Ken-ST Moderator: ty canada you too