Underground Trading Pit Sample Log

#TradingPit - Monday, 8.23.2010

[08:45] <Jay> morning traders
[08:46] <MadDog> gm J
[08:46] <Jay> morning md
[08:46] <Jay> par getting some action out there
[08:46] <Jay> bidding war i mean
[08:46] <Jay> any sympathy plays on par ? cloud computing
[08:46] <MadDog> don't know that sector well
[08:47] <Jay> ok
[08:47] <Jay> pot up on rejection of offer
[08:47] <Jay> and confirmation of third party interests
[08:51] <Jay> intu will be interesting to see if it exhausts today
[08:51] <Jay> CML seems to be a sympathy to PAR
[08:53] <Jay> CRM another one considered cloud computing
[08:54] <Jay> BMC as well
[08:55] <crisopolis> hey guys -- morning jay, md, bod, zuba
[08:55] <zuba> morning everyone
[09:06] <MadDog> gm cris, zuba
[09:06] <dodge> Morning Jay, md, aw, bod, cris and zuba -
[09:07] <MadDog> gm d
[09:09] <awmac> am all
[09:09] <awmac> or gm, all
[09:09] <MadDog> gm aw, boddhi
[09:11] <Jay> morning aw, b, c, d, z
[09:11] <Jay> spy looks like a doji forme don friday
[09:11] <Jay> but only one candle prior to it
[09:11] <Jay> nonetheless makes that 107.50 x .40 a line in the sand
[09:12] <Jay> par up on bidding war with hpq and dell, cloud computing is hot
[09:12] <Jay> cml, crm, bmc sympathy plays
[09:12] <Jay> INTU strong runnup on friday, watching to see if that 60 min 5 cracks and tightenings for possible exhuastion shorts under 44.30
[09:12] <crisopolis> gm dodge & aw
[09:16] <dodge> :-)
[09:18] <Jay> as per weekly report
[09:18] <Jay> the spy has formed a mini inv pup testing the 20 band
[09:18] <Jay> the 108.56 is the daily 5 period ma resitance 107.50 is the daily doji line in the sand
[09:18] <Jay> and key break107.30 area for daily mini inv pup continuation
[09:18] <Jay> 108.50 would be a good short area off that daily 5 in anticipation of mini inv pup
[09:19] <Jay> keep in mind, this week will be light volume which means less liquidity and followthrough
[09:19] <Jay> so targets may be cut short
[09:19] <Jay> as well as followthrough
[09:19] <Jay> best to take what u get on trades
[09:19] <Jay> as you get them and always be taking off the table
[09:20] <Jay> safm ugly earnings miss
[09:20] <Jay> 40.09 is daily lower bbs on inverse pup
[09:20] <Jay> but best to wait out the open on any earnings misses gaps down
[09:21] <MadDog> FSLR also upgraded to buy from neutral by UBS
[09:21] <MadDog> BIDU downgrade to hold by Deutsche
[09:21] <Jay> pot gapped up would keep an eye on mos sympathy as well if pot can hold 151-152 areas
[09:24] <Jay> jazz fda rejection
[09:24] <Jay> panel rejection
[09:25] <MadDog> JAZZ edged under 6 on reopen friday afternoon before recoering to mid 7's
[09:25] <Jay> 25.09 is the 15 min 5 on par
[09:25] <MadDog> sropped under 7 briefily this morning before recovering
[09:25] <Jay> tx md
[09:25] <MadDog> dropped
[09:26] <tsoukos7> morning all
[09:27] <Jay> on MOS daily 5 at 56.90 with a mini pup
[09:28] <Jay> TRADING ALERT: COnsdier a SHORT SPY 107.96 - Always use a protective stop loss!
[09:29] <Jay> 15min trying to mini inv pup
[09:29] <Jay> 108.06 is 60 min 5 reisstance trail 108.12 for no
[09:29] <Jay> TRADING ALERT: Consdier a SHORT AAPL 251. LIGHT - Always use a protective stop loss!
[09:30] <Jay> 251.25 daily 5 leans trying LIGHT SHARES
[09:30] <Jay> 251.15 x .25 ok
[09:31] <Jay> AAPL back to cash for now--- 251.30s for now---
[09:32] <Jay> TRADING ALERT: AAPL back to cash for now--
[09:33] <Jay> choppy here
[09:33] <Jay> SPY back to cash--
[09:33] <Jay> TRADING ALERT: Consdier a BUY MOS 58.35 - Always use a protective stop loss!
[09:33] <Jay> MOS
[09:33] <Jay> mos a laggard to pot
[09:33] <Jay> daily mini pup
[09:34] <Jay> daily upper bbs at 58.90
[09:34] <Jay> looking for
[09:34] <Jay> 58.70s x .90
[09:35] <Jay> TRADING ALERT: MOS CLIP/pare 58.55 x .75 area--
[09:35] <Jay> 58.70 is 1min upper bbs
[09:36] <Jay> pepper i t up
[09:36] <Jay> 1 min pup mini pup thrusts here
[09:36] <Jay> 1 min upper bbs now at 58.88
[09:36] <Jay> TRADING ALERT: MOS 58.70 x .85 LOCK
[09:37] <Jay> 1 min mini pup coil again on MOS look at that 1min 5 period ma thats the support
[09:37] <Jay> keep in mind on SPY will look to reshort that daily 5 area
[09:37] <Jay> if it gets there
[09:37] <Jay> 108.50
[09:38] <Jay> MOS high of the day
[09:39] <Jay> 108.62 is actually daily 5 resistance on the spy the 60 min upper bbs at 108.41
[09:39] <Jay> MOS daily mini pup played out
[09:40] <Jay> lock out the rest if you havent clipped
[09:40] <Jay> aapl not getting much steam on the pops
[09:41] <Jay> TRADING ALERT: Consdier a SHORT AAPL 251.40s light - Always use a protective stop loss!
[09:41] <Jay> 251.30s ok
[09:41] <Jay> aapl kinda faded the spy ramps now 5 min has a mini inv pup
[09:41] <Jay> 251 is 60 min 5 support
[09:42] <Jay> key break but trim 251.05 x 250.95
[09:43] <Jay> aapl 1 min mini inv pup slips here--- fading spy pops
[09:44] <dodge> slb lagging the group - catching up
[09:44] <Jay> on SPY will look to short daily 5 area -- will look to ADD on aapl shorts on SPY daily 5
[09:46] <Jay> spy is keeping aapl up for now 251.20 is the daily 5
[09:46] <Jay> 1 min trying to mini inv pup slip
[09:48] <Jay> SPY taking a thrust towards the daily 5
[09:48] <Jay> look sfor exhaustions off 108.60
[09:48] <MadDog> NFLX sellfading
[09:48] <Jay> meanwhile aapl watch for 1min mini inv pup slips off that exhaustion
[09:48] <Jay> AAPL here we go
[09:48] <dodge> go xom --
[09:49] <Jay> TRADING ALERT: AAPL Clip/pare
[09:49] <Jay> leans here
[09:49] <Jay> 250.90s
[09:49] <Jay> TRADING ALERT: AAPL trim out more 250.80s x 250.70
[09:50] <Jay> nice spot on that sellfade
[09:50] <Jay> 5min lower bbs at 250.92 tagged
[09:50] <Jay> need to trail back to 251.50 if pared
[09:50] <Jay> 5min 5/20
[09:51] <Jay> if spy can peak out then should get more action
[09:51] <Jay> hope u guys are seeing what i mean by sell fades on aapl-- aapl correlates with the spy and if spy maaking new highs then aapl should be making new highs
[09:51] <Jay> but instead it was selling
[09:51] <Jay> also the charts 5 min mini inv pup
[09:52] <Jay> and 15 min peaked
[09:52] <Jay> the 60 min 5 251 testing
[09:52] <Jay> if 60 min goes
[09:52] <Jay> then the daily mini inv pup trigers
[09:52] <Jay> as pointed out in the weekly report
[09:55] <Jay> safm glad we didnt short it even tho they missed by .36 on earnings.. typical with thin stocks
[09:56] <Jay> they jammed thos pos off the open
[09:56] <Jay> spy 5min 5 tests
[09:56] <Jay> MOS puke
[09:56] <Jay> 59.40s oy
[09:57] <Jay> on AAPL trail 251.35 on the rest for now , technically 251.20 is resitance but that sucker is sellfading now
[09:57] <Jay> TRADING ALERT: AAPL trim out more 250.70s x 250.60
[09:57] <Jay> trim out most on this 1min mini inv pup slip
[09:58] <Jay> as SPY slips aapl slips faster
[09:58] <Jay> because of the sellfade
[09:59] <Jay> 250.60s
[09:59] <Jay> 250.50s
[09:59] <Jay> TRADING ALERT: AAPL LOCK 250.50s x 250.40
[09:59] <Jay> textbook see fade
[09:59] <Jay> sell
[09:59] <Jay> and we knew that SPY daily 5 resistance at 108.62 so not much more upside without exhaustion
[10:00] <Jay> AAPL leans here to lock
[10:00] <Jay> as for the spy the 15 min formed a star
[10:00] <Jay> means tightening back to 5 period ma 108.18 support
[10:00] <Jay> that will be key support if it coils then may try to mini pup back up
[10:01] <Jay> INTU doh!!
[10:02] <Jay> had that one on the radar for exhaustion short under 44.40
[10:02] <Jay> gapped down and sisnt look back
[10:02] <Jay> AAPL 250.20s
[10:02] <Jay> AAPL if still in LOCK it out
[10:02] <Jay> hats off to you if you held any shorts
[10:02] <Jay> 250.10
[10:03] <Jay> SPY coming up on the 15min 5 tests
[10:03] <Jay> just waiting and watching
[10:04] <Jay> keep an eye on POT if ot continues to grind, mos for sympathy
[10:04] <Jay> 59.06 is mos daily upper bbs
[10:04] <Jay> resistance , 59.26 is coil resistance
[10:05] <Jay> 5 min on mos has a mini inv pup
[10:05] <Jay> so downward pressure tightening
[10:05] <Jay> would need to base back above that 5min 5
[10:06] <Jay> spy 15min 5 tests here
[10:06] <Jay> 108.18
[10:07] <Jay> not too anxious to step in long since the daily has a mini inv pup
[10:13] <Jay> spy bleeding
[10:13] <Jay> aapl 249.30s sheesh
[10:13] <Jay> 107.90 was prior support on spy
[10:14] <Jay> you cant really play these straight leans through support as you never know if they wil snap back and technically you are chasing
[10:14] <Jay> the key is to let them overtshoot and test and try to coil and reject the coils
[10:14] <Jay> thats basically what a mini inv pup is
[10:15] <Jay> keep an eye on 43.03 intu
[10:15] <Jay> 5min 5 there 1 min trying to coil 34.03 and 43.11 resistances
[10:15] <Jay> TRADING ALERT: Consdier a SHORT INTU 42.90s - Always use a protective stop loss!
[10:16] <Jay> 42.97 x 43.03 ok
[10:16] <Jay> 5min has an inv pup mini inv pup
[10:19] <Jay> 1 min slip should trigger the inv pup 5 min and mini inv pup
[10:19] <Jay> 42.78 is 1min lower bbs
[10:19] <Jay> overlaps with 15min lower bbs
[10:19] <Jay> so look to CLIP/pare 42.83 x .78 and trail 43.12 if paring for possible panics below
[10:19] <Jay> SPY lod
[10:20] <Jay> geeez aapl 248.30s
[10:24] <Jay> need that 1min to slip on INTU to trigger the 5min mini inv pup leans
[10:27] <Jay> on INTU trail 43.06 for now- volume is very light on it so tough to tell if its just light volume or a true buyfade
[10:29] <Jay> TRADING ALERT: INTU back to CASH for now---
[10:29] <Jay> they based that 5min 5 at .95 for now
[10:30] <Jay> keepin an eye on MOS
[10:30] <Jay> TRADING ALERT: COnsdier a BUY MOS 59 - Always use a protective stop loss!
[10:31] <Jay> 5 min pup and 15min trying to mini pup
[10:32] <Jay> on MOS 58.70 hard trail stop-- 5min 15 has been the key sypport this morning currently at 58.79
[10:33] <Jay> Clip/pare initial pops up to the 1min upper bbs 59.09 x 59.12
[10:33] <Jay> here we go
[10:33] <Jay> TRADING ALERT: MOS trim 59.13 x .18
[10:33] <Jay> boinggg
[10:33] <Jay> 59.40 is upside targets if paring
[10:34] <Jay> paring means you will be trailing that 58.70 stop on lighter shares-- newbies should only be scalping until you know how to read the charts and manage the trade
[10:35] <Jay> need that 5min stochs to cross up to confirm 5 min pup and 15min mini pups
[10:36] <Jay> if u didnt clip the last pop trim this pop here 59.09 x .15
[10:37] <crisopolis> hows X setting up?
[10:37] <Jay> x has a 5 min mini inv pup but ironigcally its down while fers are up
[10:37] <Jay> 46.62 is the daily 20
[10:38] <Jay> would kinda expect it to be up with mos
[10:38] <Jay> but wait otu that min mini inv pup oscillation before considering any longs
[10:38] <crisopolis> tx jay
[10:38] <Jay> n
[10:38] <Jay> MOD grinds
[10:39] <Jay> MOS i mean popped to 59.20s liely on cnbc blurb
[10:40] <Jay> TRADING ALERT: MOS LOCK OUT 59.20s
[10:40] <Jay> spy possible 5min mini inv pup forming breakdown if 5min 5 slips
[10:40] <Jay> so LOCK Out most while spy is still chopping
[10:41] <Jay> cris on X would watch that double bottom support near 46
[10:41] <Jay> spy 5 min mini inv pup slips
[10:42] <Jay> that ws a nice climax pop on MOS to 59.20s to LOCK OUT
[10:42] <Jay> before this dump back to 58s
[10:42] <Jay> once again---
[10:42] <Jay> the reason we can FORESHADOW this move
[10:42] <Jay> is because the SPY had a critical breakdown pattern
[10:42] <Jay> called a mini inv pups
[10:42] <Jay> once the SPY cracked that 5min 5 at 107.90
[10:42] <Jay> that retriggers the5 min mini INVERSE PUP
[10:43] <Jay> for leans back down to lower bbs 107.70
[10:43] <Jay> when u can spot a CAR ACCIDENT BEFORE it happens
[10:43] <Jay> you can MAKE YOUR MOVE before transparency HITS
[10:43] <Jay> thats the NAME OF THE GAME
[10:43] <Jay> move before the transparency hits
[10:44] <Jay> most stocks are correlated to SPY or eminis
[10:44] <Jay> so when we see the SPY and eminis setting up a critical breakdown
[10:44] <Jay> it allows us to get out of longs
[10:44] <Jay> and position accordingly if theres room for shorts
[10:44] <Jay> mos popped one last time to 59.20s as spy slipped that 5min 5
[10:44] <Jay> now leans back to 58.80s
[10:44] <Jay> anyone JUST watching MOS ALONE---
[10:45] <Jay> is at a disadvantage
[10:45] <Jay> if you watched POT, you would see selling as well
[10:45] <Jay> but the SPY is the market WIND
[10:45] <Jay> and if you can forecast the direction of the WIND
[10:45] <Jay> before it moves
[10:45] <Jay> thats the ACE up the sleeve
[10:45] <Jay> to make $$
[10:45] <Jay> and to avoid losing $$
[10:45] <MadDog> just hit wires that Vale may not be preparing a bid for POT
[10:45] <Jay> oh course, INTU doesnt give a sh*t....
[10:46] <Jay> lol
[10:46] <Jay> as it gives me the bird...
[10:46] <Jay> that one in its own world
[10:46] <Jay> fades both ways yet moves nowhere
[10:49] <Jay> TRADING ALERT: Consdier a SHORT INTU 42.90 LIGHT - Always use a protective stop loss!
[10:49] <Jay> 5/15 min dual mini inv pup
[10:49] <Jay> if this oesnt breakdown
[10:49] <Jay> i'll eat my hat
[10:49] <Jay> die pig
[10:50] <Jay> spy 107.50 line in the sand tests
[10:50] <Jay> intu turdball beenmarinating in the crock pot
[10:51] <Jay> on fruther investigation it seems that the 15min 5 has been the heav as resistance which is now at 43.05 with lower bbs under 42.50 for now
[10:52] <Jay> intu can be choppy so safest thing is to trim some leans + .14 x + .18 and then trail that 15min 5 on the rest
[10:55] <Jay> INTU perfect storm leans 1/5/15 min mini inverse pups---
[10:55] <Jay> TRADING ALERT: INTU Clip/pare leans
[10:55] <Jay> 1 min mini inv pup leans here
[10:55] <Jay> 42.76 x 42.68 trim
[10:56] <Jay> new rule-- only short intu when 1 min stochs is DOWN
[10:56] <Jay> mini inv pups even better
[10:56] <Jay> which is what we hit
[10:56] <Jay> but we had backup with the 5/15 min dual mini inv pups as well
[10:56] <Jay> the last time we fought against a 1 min mini pup oscillitoion
[10:58] <Jay> TRADING ALERT: INTU LOCK OUT MOST 42.66 x .60
[10:58] <Jay> 5min lower bbs sloping up at .56
[10:59] <Jay> trail 42.93 if pared, 42.83 is 15min 5 resistance
[10:59] <Jay> that resistance never wiggled
[11:00] <Jay> bears all over the spy
[11:00] <dodge> nk
[11:00] <Jay> SPY low of the day 107.40 coil support important
[11:01] <Jay> getting ravaged
[11:03] <Jay> DIE INTU 1 min peaking that time early
[11:04] <Jay> heres the leans on INTU lock out MOST on this lean
[11:06] <dodge> +.22
[11:06] <Jay> wtg d
[11:07] <Jay> spy chopping in that stinky 2.50s line in the sand area
[11:07] <dodge> thanks Jay - aapl so choppy today
[11:08] <Jay> yes d. weekly report pointed out the daily mini inv pup trigger, would have been nice to just swing the short based on that
[11:08] <Jay> but hard to do intraday in scalp mode
[11:08] <dodge> yup
[11:11] <Jay> INTU lock out the rest here on final leans
[11:11] <Jay> 1/5/15 min low band mini inv pup leans
[11:12] <Jay> final panics
[11:12] <Jay> TRADING ALERT: INTU LOCK out the rest on 1/5/15 min low band mini inverse pups here ---- 42.50s
[11:12] <Jay> done with that pos
[11:13] <Jay> SPY trying hard to base that line in the sand
[11:13] <Jay> 15min forms a hammer
[11:13] <Jay> but needs to get past that 15min 5 to make it official 107.68
[11:14] <Jay> remember that hammers are only real if the NEXT CANDLE closes above
[11:14] <Jay> NFLX reminds me of the AMZN ramp up to 140 and 20 pt selloff
[11:15] <tsoukos7> spy +.16 long. 1/4 stupid mistakes. bbl
[11:15] <Jay> but would like to get a bigger pop back up first into the mid 130s for puts
[11:15] <Jay> wtg ts
[11:15] <tsoukos7> thx j. not happy. can't concentrate. taking break
[11:16] <Jay> good idea to take a break ts. pacing is everything
[11:17] <Jay> on nflx, 129.10 is the daily 5 sloping down , that might be an area to watch for shorts but pros only if we play
[11:18] <Jay> but thats just a level, need to make sure the 5/15 min stochs are jamming up at least a 5 min exhaustion needed
[11:19] <dodge> dam aapl is skittish
[11:19] <MadDog> fwiw Jay I've been watching it all morning, it's bounce off the low was a bit of a buyfade vs the emini, but I think you're right on re a little longer time frame, was thinking that looking at the daily this morning
[11:19] <Jay> stinky 2.50s level is sketchy
[11:19] <MadDog> that's NFLX
[11:19] <Jay> TRADING ALERT: COnsdier a SHORT NFLX 128 - Always use a protective stop loss!
[11:20] <Jay> key break tehre for 15min mini inv pup
[11:21] <Jay> 127.60s CLIP/pare
[11:21] <MadDog> 127.30 was the area it stalled at earlier
[11:22] <Jay> that daily looks like its forming a mini inv pup under 80 band with that 5 period ma sloping down at 129
[11:22] <Jay> SPY sinkhole
[11:23] <Jay> NFLX 1min mini inv pup slips , spreads can be wide so split them and pepper leans
[11:23] <Jay> TRADING ALERT: NFLX Clip/apre 127.60s x 127.50
[11:23] <Jay> weeee
[11:24] <Jay> 127.40s x .30s keep peppping
[11:24] <Jay> TRADING ALERT: NFLX trim out MOST 127.40s x 127.20s
[11:24] <Jay> i didnt realize earlier that the 15min stochs DIDNT CROSS
[11:24] <Jay> it was a kiss that went into a mini inv pup
[11:24] <Jay> so that means 15/60/daily mini inv pup
[11:24] <Jay> + 1min mini inv pup
[11:24] <Jay> and 5 min stall
[11:24] <Jay> 4 to 1
[11:26] <Jay> TRADING ALERT: NFLX 127.20s x 126.90s LOCK
[11:26] <Jay> beautiful final leans to the 5/15 min lower bbs
[11:27] <Jay> tx for the insight on NFLX md
[11:27] <Jay> definitely a support level there
[11:27] <MadDog> np
[11:27] <Jay> nice action this morning
[11:28] <MadDog> I can't short it, so was looking for a bottom, and this was it earlier
[11:28] <Jay> weekly report to a tee especially on the spy
[11:28] <Jay> and aapl
[11:28] <Jay> dang spy.. the whole gameplan was to short that daily 5
[11:28] <Jay> we were .05 shy of it
[11:28] <Jay> 108.62
[11:30] <wil> hi all... just checking in on a break at work... did ya'll play NFLX short this morning?
[11:30] <Jay> cramer commericals making me nauseous
[11:30] <Jay> yes wil jus tagged it from 128 to low 127s
[11:31] <Jay> 129 would be ideal reshort level if it can pop to daily 5
[11:31] <wil> good, thanks... did you try the exhaustion at 132 this morning?
[11:31] <Jay> no, had hands full with aapl, intu and spy
[11:32] <wil> i see... thanks... was not online to do either and since it had crossed d5 pre-market i did not want to "guess" at a possible exhaustion. May set at order to short at 129, just in case.
[11:33] <wil> gotta get back to a class i'm teaching... trade well!
[11:34] <dodge> short +.14
[11:35] <wil> (aapl, of course)
[11:35] <wil> later all
[11:35] <awmac> thanks j, +.60 on nflx!
[11:36] <Jay> wtg aw!
[11:36] <Jay> ok gang-- slowing it down now
[11:36] <dodge> y
[11:36] <Jay> usually from 11:30-2/2:30pm is called DEADZONE
[11:36] <Jay> thats when volume gets light and choppy
[11:37] <Jay> after playing through thousands and thousands of deadzone through the years, ive concluded.. you LOSE more than you win
[11:37] <Jay> usually from the slippage
[11:37] <Jay> so i avoid it all together most of the times
[11:37] <Jay> unless theres an event or fomc
[11:37] <Jay> basically the morning session is done
[11:37] <Jay> thats where we want to hit the GREEN
[11:37] <Jay> and then avoid giving it back
[11:37] <Jay> the rest of the day
[11:37] <Jay> last hour is hit or miss
[11:38] <Jay> but size is always trimmed down
[11:38] <Jay> in the afternoon
[11:38] <Jay> the nice thing about the opening action from 9:40-11am
[11:38] <Jay> is that its new and can be very lenient as traders are trying to get a feel for things
[11:39] <Jay> by 3pm, everyone and their grandma trying to leapfrog the next guy for pennies and fumbling over each other
[11:39] <Jay> the crumbs...
[11:44] <dodge> oils and dia grind
[11:49] <dodge> short +.08
[11:50] <gander> wtg d
[11:50] <dodge> working my way back from my deer in the headlights trade this morning -
[11:50] <dodge> thanks G
[11:51] <gander> at least you are still alive
[11:51] <gander> and not a dead deer
[11:51] <dodge> yes lol
[11:52] <Jay> nflx peakeked again off that 129 area if anyone caught it, hats off
[11:52] <Jay> one thing about nflx that i see compelling on the short side
[11:52] <Jay> fundamentally
[11:53] <Jay> is the video on the demand service
[11:53] <Jay> is so good
[11:53] <Jay> i think they are cannibalizing themselves
[11:53] <Jay> i think a lot of people may consider downgrading their service to minimal and stick to getting movies on demand
[11:53] <Jay> just a hunch
[11:53] <Jay> video streaming on nflx is awesome
[11:54] <Jay> i think too awesome ---
[11:54] <Jay> and it will feed on its own user base to downgrade
[11:54] <Jay> anyway
[11:54] <Jay> taking off for deadzone
[11:54] <Jay> http://www.undergroundtrader.com/graphics/jay/ <-- the aapl trade
[11:55] <Jay> that was the aapl short off the 251.40 area
[11:55] <Jay> alert
[11:55] <Jay> will be back post deadzone
[11:55] <Jay> if trial members have any questions feel free to email jay@undergroundtrader.com
[11:55] <Jay> mini pooof
[11:57] <gander> is a mini poof like a mini skirt
[11:57] <gander> ?
[11:57] <gander> do we have to make sure to keep our legs crossed while he is gone?
[12:00] <MadDog> mini puff in UK=small gay man
[12:00] <MadDog> knew the following was going to happen at some point
[12:00] <MadDog> and know it has
[12:01] <MadDog> network fighting games
[12:01] <MadDog> obviously one half the opponents are "bad guys"
[12:01] <dodge> lol
[12:01] <MadDog> so now ERTS in the newest Call of Duty allows players to be the Taliban
[12:02] <MadDog> and getting a huge dose of grief for it
[12:04] <tsoukos7> spy +.12 pared +.19 lock long
[12:05] <tsoukos7> mas/bbs too tight for spy
[12:05] <tsoukos7> now time for break. bbl
[12:12] <dodge> go xom
[12:58] <MadDog> that 3 minute futures chart doesn;t exactly fill me with confidence for a recovery today
[12:59] <MadDog> 13 either
[12:59] <MadDog> which is inv pupping
[13:11] <MadDog> CVLT grinding up on PAR sympathy
[13:22] <dodge> sloppy
[13:41] <dodge> buyers still on vacation
[13:50] <MadDog> upper end of horizintal 3 minute bb range on futures, watching that for breakout or not
[13:50] <MadDog> horizontal
[13:51] <dodge> yes - breakout or resiatance
[13:51] <dodge> vampires suck - lol
[13:58] <dodge> where do these movies come from?
[14:00] <MadDog> very popular and lucrative now to take the most popular movies of the year and then do parody film of them
[14:00] <MadDog> Screm>Scary Movie
[14:00] <MadDog> Scream
[14:00] <MadDog> etc etc
[14:04] <MadDog> ISRG still bleeding pretty profusely
[14:05] <MadDog> must not be much expecation for medical capital eqpt purchases
[14:05] <MadDog> expectation
[14:05] <dodge> fast +.10
[14:05] <MadDog> 3 minute emin finally breaking above bb
[14:06] <MadDog> emini
[14:06] <dodge> out too soon
[14:20] <dodge> see if 3min 15 holds now
[14:35] <MadDog> so now Cramer thinks HPQ doesn;t know what they're doing
[14:36] <MadDog> Jim, maybe it's important to control the next stage of enterprise computing buttwipe
[14:36] <MadDog> he's focused on Amanda's dress and can't think straight
[14:47] <gander> Cramer Jr. (dodge) asks what does Amanda's dress look like
[14:48] <gander> (it might bring back memories of an old girlfriend)
[14:48] <MadDog> true
[14:49] <MadDog> Michael Wolff always seems like he's sitting on a tack
[14:50] <gander> lol
[14:56] <Jay> last hour
[14:56] <Jay> the SPY is very flat right now
[14:56] <Jay> 15 min make or break 5 min make or break wtih a mini inv pup attempt
[14:56] <Jay> 60 min inverestingling a mini inv pup attempt
[14:57] <Jay> 107.65 is the 60 min 5
[14:57] <Jay> a brek there would trigger a mini inv pup
[14:57] <Jay> TRADING ALERT: Consdier a SHORT SPY 107.67 light - Always use a protective stop loss!
[14:58] <Jay> we got daily mini inv pup, 60 min min iv pup, 5 min trying to mini inv pup, the 1a and 15 are stalled
[14:58] <Jay> 107.83 is resitance on the 1 , play light to give it room and possibly add if need back near that 15min upper bbs 107.90s area
[15:01] <dodge> 105 today in Dallas - pool is evaporating
[15:02] <wil> hi again.... +.7 NFLX puts ... from 129 (thanks Jay for the insight on the short entry range)
[15:02] <dodge> wtg
[15:04] <wil> Thanks d. gotta go baclk to class now ..... perhaps NFLX will wiggle its way down to the weekly 5 in the next week or so,... but the 60 min stochs were pretty low, so i closed and may re-enter later, if i can.
[15:06] <MadDog> briefing expecting existing home sales number to be "gruesome"
[15:07] <Jay> wtg wil
[15:07] <Jay> aapl quite a plunge today, daily mini inv pup played out
[15:09] <Jay> wow safm went green
[15:09] <Jay> on a huge earnings miss
[15:09] <Jay> amazing
[15:11] <Jay> on SPY theres a lot of tricky supports under here 107.60 key break then down to 107.50 x 107.40 the stinky 2.50s coil supports
[15:12] <Jay> 107.30 coil support
[15:12] <Jay> 107.25 is 60 min lower bbs
[15:12] <Jay> ideal best case target
[15:15] <Jay> TRADING ALERT: COnsdier a SHORT NFLX 127.60s x 127.80s LIGHT - Always use a protective stop loss!
[15:15] <Jay> this one has some wider spreads
[15:16] <Jay> 127.80s x 128 ideal
[15:17] <Jay> on NFLX will look to ADD near 128.40 x .60 --
[15:18] <Jay> this one is OK for even an overnight with the daily mini inv pup in place looking at 123.80s downside on a 2 day swing
[15:18] <Jay> need that 15min stochs to wither and slip on the spy
[15:19] <Jay> once 15 min stochs goes then 4 lanes down perfect storm would need a 107.60 break
[15:21] <Jay> on NFLX 60 min lower bbs sit at 127.15 area so look to CLIP leans there
[15:21] <Jay> on SPY 107.60 key break work leanss to 107.52 x 107.42
[15:21] <Jay> SPY heres 5/1 min dual mini inv pup leans trying 107.42 is the 15min lower bbs fyi
[15:22] <Jay> here we go spy leans trying
[15:22] <Jay> 107.55 is 5min lower bbs on spy
[15:23] <Jay> TRADING ALERT: SPY trim some 107.56 x 107.50
[15:23] <Jay> TRADING ALERT: NFLX trim 127.40s x 127.30
[15:23] <Jay> SPY weee
[15:23] <Jay> 107.52
[15:23] <Jay> leeen pigggy
[15:23] <Jay> 107.42 is the 15min lower bbs fyi
[15:25] <Jay> 107.50 stinky 2.50 support so far 107.66 is 5min 5 resistance now a rejection there should cross down that 15min stochs
[15:25] <Jay> here wgo spy 107.50 retests hard---
[15:25] <Jay> spy leans there 107.50
[15:26] <Jay> NFLX leans setting up
[15:26] <Jay> here we gooooo
[15:27] <Jay> TRADING ALERT: NFLX trim 127.40s x 127.20s
[15:27] <Jay> TRADING ALERT: SPY tri out more 107.30s
[15:27] <Jay> spy tagged 60 min lower bbs 107.42
[15:28] <MadDog> wil is not going to be happy having missed this
[15:28] <MadDog> he's been in the mood to kick NFLX around
[15:28] <Jay> wil has a position
[15:28] <Jay> he is long Left Out
[15:28] <Jay> lol jk
[15:28] <MadDog> lol
[15:28] <Jay> hehe
[15:28] <MadDog> llo I like that
[15:31] <Jay> spy 1 min very low band mini inv pup trying here at citical support
[15:31] <Jay> to lean
[15:32] <Jay> trail even stop losses on the rest
[15:33] <Jay> 107.33 x .28 and NFLX 127.30s x .127s trim out MORE on shorts---
[15:34] <Jay> kick it tito---- leeens
[15:34] <Jay> mommma says knock you out SPY
[15:34] <Jay> and u too NFLX
[15:34] <Jay> TRADING ALERT: SPY trim out more $$ on SHORTS 107.30x 107.25
[15:34] <Jay> TRADING ALERT: NFLX trim out more money 127.30 x 127
[15:34] <Jay> on thebids on nflx pepper it
[15:35] <Jay> dont pay retail at the ask
[15:35] <Jay> longs are trapped lettem hit you
[15:35] <Jay> on the bids
[15:35] <Jay> 127.15
[15:37] <Jay> spy 107.24 NFLX 127.05 LOCK OUT
[15:37] <Jay> TRADING ALERT: SPY and NFLX LOCK OUT
[15:37] <Jay> 60 min lower bbs hit on spy and nflx
[15:37] <Jay> if panic sets in they could go lower
[15:37] <Jay> but dont want to risk coils
[15:38] <Jay> targets got hit
[15:38] <Jay> on both mini inv pups on 60 min which is the lower bbs
[15:38] <Jay> very nice last hour meal
[15:39] <MadDog> briefing only shows FMCN reporting after close
[15:39] <MadDog> probably others
[15:39] <Jay> http://www.undergroundtrader.com/jay/ intraday alerts are updated here
[15:39] <MadDog> tomorrow am: AMWS, BKS, BIG, BKC, DAKT, MDT, TSL
[15:39] <MadDog> AMWD not AMWS
[15:43] <Jay> nflx 126s
[15:44] <Jay> we're done for the day-- no chasing down here
[15:44] <Jay> aapl 245s puke
[15:45] <Jay> those market wide daily mini inv pups are very powerful
[15:45] <gander> tks md
[15:46] <Jay> so the gameplan everyday is to hit the opening action 9:40 to 11am give or take 30mins
[15:46] <MadDog> np g
[15:46] <Jay> sit out deadzone and hit the last 90 mins of action
[15:46] <Jay> with less shares to keep the morning green
[15:46] <Jay> thats the ideal pacing
[15:49] <Jay> dail lower bbs on the SPY mini inv pup now sits at 106.46
[15:49] <Jay> will be level to watch tommorrow
[15:50] <Jay> especially if we gap up some
[15:50] <Jay> that would be the more ideal situation
[15:50] <Jay> for shorts
[15:50] <Jay> rather to chasing a gap down
[15:50] <Jay> calling it a day
[15:50] <Jay> nice action
[15:51] <Jay> cyall bright n early, good to get here 8:45am to get in on the scans and any possible premarket set ups
[15:51] <Jay> usually transaprency comes in about 10mins AFTER the open and very important you get that transparency especially on gappers and dumper stocks
[15:51] <Jay> cyall bright n early
[15:51] <Jay> poooooof