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Daily Stock Report Friday Morning, June 15, 2012

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Surprisingly, US stocks closed up today even before this weekend’s vote in Greece for new leadership. The market was only treading water until a report came out that central bankers are preparing for the risk of a Greek exit as a result of this weekend’s vote. This propped up the stock market and something to think about is to the possibility (or fairly high probability) that Greece votes to maintain the existing bailout agreement and not take on the radical Syriza idea of returning to Greece’s original currency, the Drachma. No matter what the outcome of this weekend’s vote, there still will be substantial instability even within Greece. We also have the newer stress from France’s new leader, Hollande, who has deviated from Sarkozy’s close alignment with Germany’s leader Merkel. Then of course, we have Spain and the next problem will be Italy. So there is a tremendous amount of moving parts that each have strong influences on stability. Since markets don’t like instability and uncertainty, they are reacting to any news event even to the moment of release. Considering the number of short positions the Daily Stock Report has in place now, and if you also have created a lot of shorts, consider reducing the shorts tomorrow on Friday because it is very likely stocks will sharply rebound on Monday if the vote is against the Syriza party. I am not normally interested in politics except this current market conditions are controlled by politicians and policies. The Spanish government 10 year bond had highest yield in history today, closing at 6.92% yield. Previous report: The Spanish bond yields has come down just off its record high which means people are selling the actual bonds itself. The high yield is an inverse

relationship with the actual purchase price of the bond and this is saying the higher the risk the higher yield becomes. The 10 year Greek bond yields peaked on March 2, 2012 with a yield of 37.1% as the fear climaxed whether or not Greece was going to get a bailout. On March 13

th a bailout

was given to Greece and the bond yields dropped to 19% and the bond holders doubled their investment in 11 days for taking the risk. The US 10 year bond yields are around 1.5%, which means the world interprets the US debt as very safe. If the US politicians cannot establish a budget by year end 2012, the world’s interpretation will change and the bond yields will spike. We have never defaulted on our debt but last July 2011 into August 8

th was biggest drop since the 2008

financial crash that threatened to be a default until a temporary budget was put in place. But that deadline is end of 2012. Watch Spain’s bond yield which is at its all-time high today even with the $125 billion bailout package. The next country to watch is Italy, which is expected to be another problem to keep the markets unsettled. Italy’s 10 year bond yield peaked out at 7.26% in November, dropped back under 5% and now is making its way steadily up to over 6% yesterday. Lesson: Keep watching the 10 year bond yields to gauge the worry factor of each country, including our own.

Most recent list of “Market worries”:

1. Greece bailout and possible exit; Greece complains they want Spain’s deal; Greece vote this weekend.

2. Spain bailout proposal being criticized as creating more problems in future.

3. Next news bomb: Italy likely going to need help but not in news lately

4. Germany is Europe’s financial leader; says they pay biggest percentage of bailouts; must be weighing options.

5. European recession very likely to start

6. China's softening of economy or hard landing?

7. US economic data choppy

8. US Presidential election, momentum shifting toward Romney = Bullish

9. Apathy in retail investors

10. US Housing recovery not strong yet

11. Brazil economy stalling

Summary Opinion If you also have created a lot of shorts, consider reducing the shorts tomorrow on Friday because it is very likely stocks will sharply rebound on Monday if the vote is against the Syriza party.

Calendar (All Eastern times) Tuesday, 830am, Import-Export prices Tuesday, 1000am, ISM Services, 53.0 Wednesday, 7:00am, MBA Mortgage Index, 1.3% Wednesday, 830am, Retail Sales, -0.2% Wednesday, 830am, PPI, -0.7% Wednesday, 1000am, Business Inventories 0.2% Wednesday, 1030am, Crude Oil Inventories, -0.111M Thursday, 8:30am, Initial Claims, 375,000 Thursday, 830am, Continuing Unemployment Claims, 3.250K Thursday, 830am, CPI (Consumer Price Index “Inflation”), -0.2% Thursday, 830am, Current Account Balance, -130.9B Friday, 830am Empire Manufacturing, 13.5 Friday, 900am, Net long term TIC Flows, 36.2B Friday, 915am, Industrial Production, 0.1% Friday, 915am, Capacity Utilization, 79.1% Friday, 955am, Michigan Sentiment, 77.0

Follow-up notes:

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12. Facebook IPO bombed out and rated as “sell.” High price was over $43 and went below $27 Thursday.

13. JP Morgan loss of $2-3 billion creating mistrust in Wall Street.

14. Money is flowing into US dollar, US Treasuries and German government securities.

15. US economic policy not repairing economy.

16. Current US president not strong leader; creating more debt

17. India economy sharply pulling back now; just starting to hit news.

18. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff.

19. French President Hollande leaning heavily to the left toward spending and increasing taxes.

Focus Chart: (Worden Telechart 2007-Download FREE on home page of www.TradeStocksAmerica.com.)

SHFL, Shuffle Master is accelerating to the downside on this short. We are looking for mid $12’s to cover; be flexible. Friday Report: List of LONGS below, LONGS below have already moved. If long, consider selling next 1-2 days. CCE, Coca Cola Enterprises. Consider small long position. CE, Celanese Chemicals. Consider small long position. RDC, Rowan Cos. Consider small long position. SSO, Ultra S&P 500 long etf. Consider small long next 2-3 days. DDM, Ultra Dow30 long etf. Consider small long next 2-3 days. UWM, Ultra Russell 2000 etf. Consider small long next 2-3 days. UYG, Proshares Ultra Financials. Consider small long position. Friday Report: Previous List of Intermediate LONGS below have already moved. If long, consider selling next 1-2 days. RGA, Reinsurance Group of America. Consider small long position. SIRO, Sirona Dental. Consider small long position.

MTB, M&T Bank. Consider small long position. TWX, Time Warner. Consider small long position ITUB, Bank Itau. Consider small long position. EGN, Energen Energy. Consider small long position. MNST, Monster Beverage. Consider long position.

MKC, McCormick & Co. Consider small long position.

Scalp of the day from Trading Room: (all eastern times)

WFM, gave a 4% move today on the long side. Many stocks gave good trades both long and short today as stocks oscillated between positive and negative.

These scalps posted here are best ones we find in real-time each day and will do our best to present these as timely as possible to the Trading Room and give commentary and suggestions as how to profit from them. Normally a 2-3% profit is very good per scalp. The Trading Room is now open! Start your $1 trial here: www.tradestocksamerica.com/trading-room-new.php

Swing Trade Ideas: (Usually hold time is days) CENX, Century Aluminum. Consider small long position. NBL, Noble Energy. Consider small long position. HLX, Helix Energy. Consider small long position. HUM, Humana. Starting to monitor HUM for potential long position. CTB, Cooper Tire & Rubber. Consider small short (hold time days). TARO, Taro Pharmaceutical. Consider small short. RYN, Rayonier. Consider small short. LVLT, Level 3 Communications. Consider small short position next 1-3 days. LOGI, Logitech. Consider small short position. RDC, Rowan Cos. Consider small short position. BEAV, BE Aerospace. Consider small short position next 1- days. LVS, Las Vegas Sands. Consider small short. RBC, Regal-Beloit. Watching for potential short next 1-3 days. SLF, Sun Life. Consider small short (only a few days hold time). PANL, Universal Display. Consider small short (only a few days hold time). CHMT, Chemtra, Consider small short position. HGG, HHGregg. Consider small short position. FNGN, Financial Engines. Consider small short position. VCI, Valassis Communications. Watching for short entry. IDCC, Interdigital. Consider small short.

Intermediate Trade Ideas: (weeks to months) SNI, Scripps Networks. Consider small long position $54-55 area. SHW, Sherwin Williams, consider small long below $125. COP, ConocoPhillips. Consider small long position. ORLY, O’Reilly Auto Parts. Consider small long position. BK, Bank of New York Mellon. Consider small long position RMD, Resmed Health. Consider small long position. WAG, Walgreen. Consider small long position. ROST, Ross Stores. Consider small long position next 1-2 days. RBS, Royal Bank of Scottland. Consider small short. COF, Capital One. Consider small short position. FFIV F5 Networks. Consider small short position. CNK, Cinemark. Consider small short position. VAR, Varian Medical. Consider small short. LO, Lorillard Group, Consider small short. SODA, SodaStream Intl. Consider small short position. RHT, Redhat. Consider small short position. SFD, Smithfield Foods. Consider small short position.

Aggressive Investors-Traders (Higher risk, higher reward) SHFL, Shuffle Master. Consider small short next 2-3 days. Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard Training Course before attempting this high risk high reward strategy. It is best to let these peak in price and turn down before opening short.

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Stock List Type

Notes Open Price Close

Price

CMGCMGCMGCMG, Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18

MNST, MNST, MNST, MNST, Monster Bev. LONG-SWI Continues marching up in strong uptrend.Continues marching up in strong uptrend.Continues marching up in strong uptrend.Continues marching up in strong uptrend. 42.69 53.35

DLTRDLTRDLTRDLTR, Dollar Tree LONG-SWI Sold Friday for 5% profit. 97.50 102.35

IDCC, IDCC, IDCC, IDCC, Interdigital SHORT-SWI Downtrend still expected. 27.31

HLF, HLF, HLF, HLF, Herbalife LONG-SWI Sold Wednesday at breakeven. 45.00 45.04

MO, MO, MO, MO, Altria LONG-INT Higher high on Monday. 31.82

TLMTLMTLMTLM, Talisman LONG-SWI Sold Thursday for breakeven. 10.54 10.60

LVSLVSLVSLVS, Las Vegas Sand LONG-SWI Stopped Thursday for 5.3% loss. 48.56 46.00

CME, CME, CME, CME, CME Group LONG-SWI Closed Thursday for 1.4% profit. 264.55 268.00

ITUB, ITUB, ITUB, ITUB, Banco Itau LONGLONGLONGLONG----SWISWISWISWI Closed Thursday for small profit. 14.38 14.47

FNGNFNGNFNGNFNGN, Financial Eng SHORT-SWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 20.53

SFD, SFD, SFD, SFD, Smithfield SHORT-INT Trying to bottom now; consider reducing short.Trying to bottom now; consider reducing short.Trying to bottom now; consider reducing short.Trying to bottom now; consider reducing short. 19.40

BWS, BWS, BWS, BWS, Brown Shoe SHORT-SWI Covered short Friday for breakeven. 11.54 11.50

HGG, HGG, HGG, HGG, HH Gregg SHORT-SWI DoDoDoDowntrend resuming.wntrend resuming.wntrend resuming.wntrend resuming. 10.30

STLD, STLD, STLD, STLD, Steel Dynamic SHORT-INT Stopped Wednesday for 6% loss. 10.41 11.00

VRSK, VRSK, VRSK, VRSK, Verisk Analyt SHORT-INT Consider covering this Friday.Consider covering this Friday.Consider covering this Friday.Consider covering this Friday. 46.51

WBC, WBC, WBC, WBC, Wabco Hldgs SHORT-INT More downside this week. 50.64

SLF, SLF, SLF, SLF, Sunlife SHORT-SWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 21.30

AFLAFLAFLAFL, Aflac SHORT-SWI CoCoCoConsider covering short Friday.nsider covering short Friday.nsider covering short Friday.nsider covering short Friday. 41.20

PANL, PANL, PANL, PANL, Univ. Display SHORT-SWI Small short position; looking for $27 area. 31.03

ROSTROSTROSTROST, Ross Stores SHORT-SWI Closed Thursday for 2.9% profit; rererere----enter lowerenter lowerenter lowerenter lower 61.80 64.50

UGP, UGP, UGP, UGP, Ultrapar Paricipa SHORT-SWI Small short position. 20.70

LVLT, Level 3LVLT, Level 3LVLT, Level 3LVLT, Level 3 SHORT-SWI ----4.1% Wednesday; more downside ahead.4.1% Wednesday; more downside ahead.4.1% Wednesday; more downside ahead.4.1% Wednesday; more downside ahead. 21.55

LOGILOGILOGILOGI, Logitech SHORT-SWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 10.32

RDC,RDC,RDC,RDC, Rowan Cos. SHORT-SWI Small short position. Hold time 2-3 more days. 31.68

RBC, RBC, RBC, RBC, Regal-Beloit SHORT-SWI Consider covering this Friday.Consider covering this Friday.Consider covering this Friday.Consider covering this Friday. 61.24 58.77

LVS,LVS,LVS,LVS, Las Vegas Sand SHORT-SWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 62.25

AUXL, AUXL, AUXL, AUXL, Auxilium SHORT-SWI Consider covering this Friday.Consider covering this Friday.Consider covering this Friday.Consider covering this Friday. 21.79

CHMT,CHMT,CHMT,CHMT, Chemtra SHORT-SWI Look for low $13’s.Look for low $13’s.Look for low $13’s.Look for low $13’s. 14.82

BVN, BVN, BVN, BVN, Compania De SHORT-SWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 40.30

VCI, VCI, VCI, VCI, Volassis SHORT-SWI Covered Covered Covered Covered TTTThhhhursday ursday ursday ursday for for for for 5.5% profit5.5% profit5.5% profit5.5% profit; ; ; ; cover Fcover Fcover Fcover Fridayridayridayriday 20.58 19.25

LO, LO, LO, LO, Lorriland SHORT-SWI Consider covering this Friday.Consider covering this Friday.Consider covering this Friday.Consider covering this Friday. 123.76

RRCRRCRRCRRC, Range Resourc SHORT-SWI Covered Thursday for Covered Thursday for Covered Thursday for Covered Thursday for 4% profit4% profit4% profit4% profit; ; ; ; consider coveringconsider coveringconsider coveringconsider covering 57.33 55.10

ADSK,ADSK,ADSK,ADSK, Autodesk SHORT-SWI Covered Covered Covered Covered TTTThhhhursday ursday ursday ursday for for for for 5.5.5.5.1111% profit% profit% profit% profit; ; ; ; cover Fcover Fcover Fcover Fridayridayridayriday 33.18 31.5531.5531.5531.55

SHFL,SHFL,SHFL,SHFL, Shuffle Mast AGGSHORTAGGSHORTAGGSHORTAGGSHORT LookiLookiLookiLooking for low $12’s to coverng for low $12’s to coverng for low $12’s to coverng for low $12’s to cover 14.25

CENX, CENX, CENX, CENX, Century Alum LONGLONGLONGLONG----SWISWISWISWI Not a lot of profit potential; consider sellingNot a lot of profit potential; consider sellingNot a lot of profit potential; consider sellingNot a lot of profit potential; consider selling 7.09

NBLNBLNBLNBL,,,, Nobile Energy LONGLONGLONGLONG----SWISWISWISWI Small long position. 83.88

HLX,HLX,HLX,HLX, Helix Energy LONGLONGLONGLONG----SWISWISWISWI Small long position, $14.98 stop loss 15.77

HUM,HUM,HUM,HUM, Human Health LONGLONGLONGLONG----SWISWISWISWI Small long position. 78.81

TARO, TARO, TARO, TARO, Taro Pharm SHORTSHORTSHORTSHORT----SWISWISWISWI Small short position; should resume downtrendSmall short position; should resume downtrendSmall short position; should resume downtrendSmall short position; should resume downtrend 37.3537.3537.3537.35

RYN, RYN, RYN, RYN, Rayonier SHORTSHORTSHORTSHORT----SWISWISWISWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 43.0243.0243.0243.02

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CNK, CNK, CNK, CNK, Cinemark SHORTSHORTSHORTSHORT----SWISWISWISWI Downtrend continuing.Downtrend continuing.Downtrend continuing.Downtrend continuing. 21.6921.6921.6921.69

FFIV, FFIV, FFIV, FFIV, F5 Network SHORTSHORTSHORTSHORT----SWISWISWISWI Small short position.Small short position.Small short position.Small short position. 101.43101.43101.43101.43

VAR, VAR, VAR, VAR, Varian SHORTSHORTSHORTSHORT----SWISWISWISWI Small short position.Small short position.Small short position.Small short position. 59.5359.5359.5359.53

SODA, SODA, SODA, SODA, Sodastream SHORTSHORTSHORTSHORT----SWISWISWISWI Small short position.Small short position.Small short position.Small short position. 34.7934.7934.7934.79

RHT, RHT, RHT, RHT, Redhat SHORTSHORTSHORTSHORT----SWISWISWISWI Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday.Consider reducing short Friday. 53.4153.4153.4153.41

Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this link: http://www.tradestocksamerica.com/trading-room.php June 14, 2012 TSA Moderator Chat [06:18 am] Ed : good morning traders [06:31 am] Ed : monitioring DPS for bottom to buy [06:34 am] Mitch K: watching ROST for top to short [06:34 am] Mitch K: watching DRI for short soon [06:34 am] Mitch K: to buy [06:34 am] Mitch K: watching QCOM for bottom [06:35 am] Mitch K: watching APOL for bottom to buy [06:35 am] Mitch K: watching COST for short [06:35 am] Mitch K: watching FIO for bottom to buy [06:35 am] Mitch K: watching EW for top to short [06:36 am] Mitch K: watching RCL for bottom to buy [06:36 am] Mitch K: watching JIVE for short soon [06:37 am] Mitch K: watchign QCOR for bounce [06:37 am] Mitch K: watching JAZZ for bottom [06:37 am] Mitch K: watching AVGO for bottom [06:37 am] Mitch K: watching YOKU for bottom to buy [06:37 am] Mitch K: watching AEM for bottom to buy [06:38 am] Mitch K: watching BBBY for top to short [06:38 am] Mitch K: watching APA for top to short [06:38 am] Mitch K: watching ATI for bottom to buy [06:39 am] Mitch K: watching ANSS for bottom [06:39 am] Mitch K: watching HAR for bottom [06:39 am] Mitch K: watchign HDB for bottom to buy [06:39 am] Mitch K: watching DNDN for top to short, take time [06:40 am] Mitch K: watching KFY for short soon [06:40 am] Mitch K: watching JIVE closer [06:40 am] Mitch K: watching CRR for top to short [06:40 am] Mitch K: watching ASML for bottom [06:41 am] Mitch K: watching PRGO for short soon [06:42 am] Mitch K: watching AOL for bottom [06:42 am] Mitch K: watching YOKU closer [06:43 am] Mitch K: consider covering ROST around here 64.50 [06:43 am] Mitch K: be flexible [06:43 am] Mitch K: looking for 49.80 area on DRI short to cover [06:43 am] Mitch K: looking for 7.50 area on DNDN to cover; probably a little lower [06:44 am] Mitch K: monitoring Z [06:44 am] Mitch K: watching ANSS closer [06:46 am] Mitch K: watching AOL closer [06:46 am] Ed : Im reducing 3/4 long DPS, will stop last 1/4 breakeven no likey [06:47 am] Mitch K: consider selling most of JAZZ long [06:47 am] Mitch K: consider selling AEM long

June 14, 2012 TSA User Chat [06:20 am] aussie123 : Anyone have a GOOD website they use to follow Europe ??? [06:21 am] khall : good morning [06:22 am] joeytsa : http://uk.reuters.com/business/markets/europe [06:22 am] shark : CRM and Twitter have announced a global strategic alliance [06:22 am] joeytsa : see if thats what you are looking for aussie [06:23 am] aussie123 : Thank you Joe [06:23 am] shark : PIR -raises guidance for FY13, sees EPS of $1.08-1.14 from prior guidance of $1.06-1.12 vs. $1.13 [06:23 am] joeytsa : its delayed, im sure there are other sites to find on google [06:24 am] joeytsa : thx shark, KRO had a decent report [06:24 am] shark : :) [06:25 am] aussie123 : That is what I have been encountering...a lot of delay. [06:26 am] joeytsa : shouldnt really affect a scalp too much [06:26 am] khall : shark, do you think the alliance will save CRM from the "punchbowl of dealth"? ;-) [06:26 am] joeytsa : if you are holding overnight, then it makes sense to pay attention to whats going on around the world [06:26 am] khall : death I mean [06:26 am] eddy : hello all [06:27 am] parachute %: good morning [06:27 am] joeytsa : eye on NKE from yesterday [06:28 am] eddy : IGY shares buy back up 6 % [06:28 am] eddy : IGT [06:29 am] scalpman : Hi Ed [06:29 am] victor51 : good morning all [06:29 am] scalpman : GM Traders [06:30 am] doji : UVXY [06:31 am] shark : watching GOOG [06:33 am] joeytsa : watching REGN, from yesterday also [06:34 am] mikewd2 -: DNDN [06:34 am] joeytsa : eye on EW [06:36 am] mikewd2 -: EW bounced off 85.00 [06:36 am] mikewd2 -: 95.00 [06:37 am] doji : EW Citigroup rises PT to 105 [06:39 am] shark : IGT, nice eddy [06:39 am] eddy : did u take it shark? [06:39 am] shark : watching JASO [06:39 am] mikewd2 -: OPEC oil ministers wanting to keep current output levels

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[06:47 am] Mitch K: looking to sell RCL soon [06:48 am] Mitch K: watching ANV for top to short; take time [06:48 am] Mitch K: NKE bouncing, more upside today [06:49 am] Mitch K: consider reducing or selling HAR [06:49 am] Ed : monitior SAPE for potential bottom to buy around 9.97 and 10.01 [06:49 am] Mitch K: watching QCOR for bottom to buy [06:50 am] Mitch K: consider shorting CLB [06:50 am] Mitch K: CLB short soon [06:50 am] Ed : would like more selling vol also SAPE [06:50 am] Mitch K: HDB looks weak [06:51 am] Mitch K: watching PANL for top of this bounce for short; missed bottom [06:52 am] Mitch K: consider selling JAZZ [06:52 am] Mitch K: looking for under $18 on JIVE short; be flexible [06:53 am] Mitch K: watchign DRI for 2nd helpin gshort [06:53 am] Mitch K: consider reducing ANSS [06:55 am] Mitch K: almost always gives same pattern [06:55 am] Mitch K: anytime you see RCL idea, look at CCL. Royal Carribean Cruise, Carnival Cruise Lines [06:56 am] Mitch K: monitoring URI [06:56 am] Mitch K: monitoring SGEN [06:57 am] Mitch K: watching APA to cover soon [06:57 am] Ed : SPY new hod [06:57 am] Mitch K: most stocks rebounding, the longs will outperform shorts at the moment [06:58 am] Mitch K: watching ATI for top to sell long [06:58 am] Mitch K: consider reducing YOKU, expect pullback before higher high [06:58 am] Mitch K: ANV turning over, late to short though, too late at this price [06:59 am] Mitch K: low vol on ANSS ok for long, looking for just under 63; be flexible [06:59 am] Mitch K: looking for 33.40 area on AVGO long [06:59 am] Mitch K: APA looks like 84 is holding, consider covering short [07:00 am] Mitch K: CRR too strong to short [07:00 am] Mitch K: HAR tends to have strong rebound, look for 35.75 area, maybe higher [07:01 am] Mitch K: you guys decide on ANSS, taking off screen, need room [07:01 am] Mitch K: QCOR acting like slow boast to CHina [07:01 am] Mitch K: monitoring CRUS spike [07:02 am] Mitch K: taking CRR chart off screen, need room [07:02 am] Mitch K: watchign CHSI for top to short soon [07:03 am] Mitch K: DRI 2nd helping short fairly soon [07:03 am] Mitch K: CRUS toppy, passing though, [07:03 am] Mitch K: slow boat left dock [07:03 am] Mitch K: QCOR finally moving [07:03 am] Mitch K: watching IGT for top to short, take time [07:04 am] Mitch K: still like CLB as short, little hot, thin float [07:05 am] Mitch K: stocks that were running starting to fizzle out, i see tops forming [07:05 am] Mitch K: consider selling HAR [07:06 am] Mitch K: as gumby [07:06 am] Ed : but as always be flexible [07:06 am] Mitch K: your call on JIVE short, prob best to cover most, leave 1/3rd open short o see if goes to 17.60 [07:06 am] Ed : looking for 42.78 on final piece long DPS [07:07 am] Mitch K: monitoring GRMN, expect slow bounce later [07:07 am] Mitch K: monitoring NFLX, hasnt been a strong bouncer [07:07 am] Mitch K: consider selling JAZZ [07:07 am] Mitch K: consider selling most of ANSS

[06:39 am] doji : Not good for oil prices [06:40 am] doji : and oil stocks [06:40 am] shark : watching, eddy [06:40 am] mikewd2 -: thought that was good, saudi wanted to increase [06:40 am] skydiver : watching CRM [06:40 am] doji : Watching HAR [06:40 am] shark : keep us posted, sky - CRM ;) [06:40 am] skydiver : :) [06:42 am] joeytsa : tightent stop on NKE if short [06:42 am] skydiver : CRM looking like it hit bottom soon? [06:42 am] Ed : SINA partnering with MSFT [06:42 am] skydiver : thnx ED [06:42 am] shark : deal with Twitter & CRM [06:42 am] joeytsa : thx Ed [06:43 am] joeytsa : ES holding the 1307 area for now [06:43 am] mikewd2 -: stopped on HAR long [06:45 am] shark : long UVXY -stop at b/e [06:46 am] doji : AVGO [06:46 am] shark : moving stop to 18.83 - UVXY [06:46 am] doji : What is your entry price in UVXY today Sharky? [06:46 am] shark : 19.00 [06:47 am] doji : Ok, I got it another piece at 18.57 [06:47 am] doji : today [06:47 am] shark : :O Wow! Nice [06:48 am] joeytsa : VRTX trying to hold $54 [06:49 am] skydiver : out 1/2 CRM L [06:49 am] doji : EW consolidating around 95 [06:49 am] shark : all out UVXY [06:49 am] joeytsa : NFLX weak so far [06:49 am] joeytsa : yeah doji, see which way it breaks [06:50 am] doji : Like ANV better at 30.40 [06:50 am] joeytsa : AAP nice pattern [06:50 am] shark : die, NFLX, die [06:50 am] shark : almost $50 [06:50 am] joeytsa : thats your target shark [06:51 am] shark : yeahhh! ;) [06:51 am] shark : u get some CRM, sky? [06:51 am] skydiver : yes shark [06:52 am] skydiver : :) [06:52 am] shark : AWESOME!!! [06:52 am] skydiver : all out of CRM L [06:52 am] doji : Added UVXY 17.65 [06:52 am] doji : Now full position [06:53 am] shark : :) [06:53 am] doji : EW [06:53 am] mikewd2 -: how about 18.65 doji [06:53 am] joeytsa : FDO hod [06:54 am] mikewd2 -: VRTX bouncing but low vol [06:54 am] joeytsa : CRM with issues at prev low right now..see if it busts thru [06:54 am] doji : hahah, yes Mike [06:54 am] skydiver : L CRM 12.39 [06:54 am] shark : watching Z for poss top [06:54 am] skydiver : 126.39 that is on CRM LK [06:55 am] skydiver : can't type today :) L [06:55 am] joeytsa : hhaha, put the bottle down [06:55 am] skydiver : ha ha joey [06:55 am] doji : Still watching EW [06:56 am] joeytsa : rigth Mitch, thanks [06:56 am] doji : SPY hod [06:56 am] skydiver : out 3/4 CRM L moved stop up to be [06:57 am] joeytsa : nice push thru that prev lo [06:57 am] doji : SPY pushing higher... any news? [06:58 am] mikewd2 -: CJES pushing towards $19, go baby go [06:58 am] skydiver : JOY doing nicely

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[07:08 am] Mitch K: watch DV for top to short [07:08 am] Mitch K: consider short on top of APOL [07:08 am] Mitch K: consider selling APOL long soon [07:08 am] Mitch K: not impressed with AOL bounce [07:09 am] Mitch K: URI toppy [07:10 am] Mitch K: consider covering ANV short [07:10 am] Mitch K: missed KORS bottom, watching for top to short; take time [07:11 am] Mitch K: AVGO toppy, consider selling long [07:11 am] Mitch K: monitor APA for 2nd helping short later [07:12 am] Mitch K: 2nd helping DRI short starting, slower trade [07:12 am] Mitch K: more upside on QCOR long [07:12 am] Mitch K: IGT turning over nicely for short [07:13 am] Mitch K: watch VRX for top to short, missed bottom [07:13 am] Mitch K: consider covering BJRI, not sure if posted but been watching [07:14 am] Mitch K: still watching PRGO [07:14 am] Mitch K: as a gymnast [07:14 am] Mitch K: looking for under 14.50 to cover IGT short; be flexible [07:15 am] Mitch K: watching CTX for bottom, take time [07:15 am] Mitch K: IGT going to give good repeated trades today; monitor all day, dedicated chart [07:15 am] Mitch K: when i say monitor, means not ready but could develop into an idea [07:15 am] Mitch K: watching LNCR for top to short; take time [07:16 am] Mitch K: gift IGT time to breakdown more [07:18 am] Mitch K: monitoring WPI [07:19 am] Mitch K: its difference between a sustainable chart )slower) or a faster moving stock which is something i look for a reversal [07:19 am] Mitch K: lot of stocks moving up still, more steadily; looking for the fast movers up or down [07:22 am] Mitch K: watchign WPI closer [07:22 am] Mitch K: watchign WBMD [07:22 am] Mitch K: try to be more patient now [07:23 am] Mitch K: ATI 2nd helping short [07:23 am] Mitch K: looking for 38.70 area to cover KORS short [07:24 am] Mitch K: monitoring CELG, very strong, looking for long on pullback [07:24 am] Mitch K: ANV short over [07:25 am] Mitch K: VRSN also strong, monitoring, [07:27 am] Mitch K: no i didnt post FDO; another brain fart [07:27 am] Mitch K: FDO turning over, hope i posted that [07:33 am] Ed : getting pullback in SPY [07:36 am] Mitch K: the 2nd helping DRI short not working [07:39 am] Mitch K: VRSN toppy [07:39 am] Mitch K: watching APA for 2nd helping, im waitnig to see if new high though first [07:41 am] Mitch K: almost 10 mil vol so far [07:41 am] Mitch K: DNDN good stock to buy on dips last two days [07:42 am] Mitch K: should get a tradable long bounce [07:42 am] Mitch K: watching CVLT drop more [07:42 am] Mitch K: looking for lower lows on IGT short [07:53 am] Mitch K: IGT went under $14.50, should break down more [07:54 am] Ed : SPY trading at horiziontal resistance [07:55 am] Mitch K: QSFT [07:58 am] Mitch K: VRSN breaking down [07:59 am] Mitch K: VRX also turning over [08:08 am] Mitch K: the discount stores like FDO, Family Dollar, and DLTR, DOllar Tree have been very bullish on daily charts, as well as FDO 1 min chart today [08:16 am] Ed : SPY new hod [08:25 am] Ed : SPY new hod

[06:58 am] mikewd2 -: HLF moving up [06:59 am] doji : Any news moving the SPY? [06:59 am] jsn13 : nice move up on EW... [07:00 am] joeytsa : not seeing anything doji [07:00 am] doji : Watching RCL for short [07:00 am] mikewd2 -: go spy go [07:01 am] skydiver : stopped out on last piece of CRM L [07:01 am] lisas : paddle faster QCOR [07:01 am] doji : Watchinn LEN for Short [07:01 am] joeytsa : EW is rolling [07:02 am] skydiver : all out of JOY L [07:03 am] skydiver : KORS S 38.77 [07:03 am] shark : UVXY -long 18.23 [07:03 am] skydiver : couldn't fill KORS short -- no shorts [07:04 am] joeytsa : that was a nice little rally [07:04 am] shark : JCP carries shorts, sky ;) [07:04 am] joeytsa : haha [07:04 am] skydiver : thnx shark -- [07:04 am] skydiver : :) [07:05 am] shark : all out UVXY - .04/cents [07:06 am] shark : +.04/cents [07:06 am] joeytsa : grab that side of fries now :) [07:06 am] shark : lol, yeah! [07:06 am] Ed : lol [07:07 am] joeytsa : :) [07:07 am] shark : sweet potato fries, joey ;) [07:07 am] joeytsa : cheap stores are doing ok today [07:08 am] joeytsa : wonder if that an economic sign? [07:08 am] skydiver : IGT turned over? [07:08 am] shark : you calling Tarjeee cheap? [07:08 am] joeytsa : they are a nice cheap :) [07:09 am] doji : EW moving higher since the breakout above 95 [07:09 am] skydiver : GLUU - take over chatter - low priced stock [07:09 am] joeytsa : been nice doji [07:11 am] joeytsa : ES is suing 1315 as a support,1317 as res areas [07:14 am] joeytsa : AMZN using $216 area as res, set alert for break higher [07:15 am] joeytsa : EW might be getting tired, be careful [07:15 am] joeytsa : GS lower highs [07:15 am] joeytsa : ES testing 1315 support [07:16 am] go4it : IGT Target? [07:16 am] skydiver : covering IGT S [07:16 am] shark : nice sky [07:16 am] Ed : he mentioned 14.50 area go4it [07:17 am] go4it : thx Ed [07:17 am] skydiver : thnx Mitch on IGT [07:17 am] skydiver : thnx shark :) [07:18 am] qwert : amzn back at 216 [07:19 am] joeytsa : it keeps trying [07:19 am] joeytsa : makes sense Mitch [07:20 am] skydiver : good teaching Mitch - thnx [07:20 am] joeytsa : qwert: AMZN still with issues there [07:21 am] qwert : watching mjn [07:21 am] joeytsa : really looking for a positive push thru 216.20 [07:21 am] qwert : same here joey [07:21 am] skydiver : ahh - my wife just brought me breakfast while I'm trading :) [07:22 am] joeytsa : gotta soack up that wine somehow :) [07:22 am] skydiver : :) [07:22 am] qwert : hahaha [07:23 am] joeytsa : got some cons going on [07:23 am] garyb : Good morning team! Am I late for the party? [07:23 am] joeytsa : nat gas # in about 5min, 30yr auction @ 10pst [07:24 am] joeytsa : EW testing $99, push thru and maybe $100 draws it liek a magnet?

7

[08:28 am] Mitch K: how about IGT, you do ok on short? [08:28 am] Mitch K: hope you guys made out on the QCOR long [08:40 am] Mitch K: APA turning over [08:59 am] Ed : getting pullback in SPY [09:10 am] Mitch K: new low [09:10 am] Mitch K: watching RLJ for bottom to buy [09:10 am] Mitch K: RLJ [09:11 am] Mitch K: just a moment, wait for bottom [09:12 am] Ed : 1min chart on left and 2min chart on right [09:19 am] Mitch K: CVLT giving good repeated trades [09:22 am] Mitch K: not liking ehavior of RLJ [09:43 am] Mitch K: i would stay away from RLJ, [09:43 am] Mitch K: CLB gave 2 shorts [09:43 am] Mitch K: what you guys want to remember is all those stocks we saw earlier and posted, now they matre 2 hours later on shrots like WPI [09:44 am] Mitch K: also HAR was good long trade [09:51 am] Ed : SPY approachn hod [10:18 am] Mitch K: watching DECK [11:11 am] Ed : SPY trading in a range [11:24 am] Ed : getting selling in markets [11:26 am] Mitch K: LOW OF DAY IN SP 500 so far [11:54 am] Ed : more selling in SPY [12:06 pm] Ed : nice pop in SPY [12:07 pm] Ed : G20 possible coordinated effort b4 weekend [12:08 pm] Mitch K: people are believing it, commodities, stocks, indexes all moving

[07:26 am] doji : Back from a cal....did I miss something? [07:26 am] doji : Garyyyyy!!11 [07:26 am] joeytsa : Italy's 3yr borrowing costs spiked to 5.3% at an auction on thursday [07:26 am] garyb : dojjjjjiiiiiiii!!!!!!!! [07:26 am] doji : Yes, missed the chance to catch UVXY at lower prices... [07:27 am] garyb : I went to the dentist this morning...and was trading on my iphone! LOL Technology is great! [07:27 am] doji : I am keeping my full positiona and day trading also [07:27 am] joeytsa : ES back into support [07:27 am] skydiver : too funny Mitch [07:28 am] mikewd2 -: nice moves both ways on SINA this morning [07:28 am] doji : Ed. is SAPE still under you radar? [07:28 am] joeytsa : crude touched $83, pulled back to 82.70 area [07:29 am] Ed : no passing, slow drift unless vol picks up on selling [07:30 am] mikewd2 -: HLF pushing for hod [07:30 am] joeytsa : UNG spike [07:30 am] mikewd2 -: nat gas inventores rise [07:30 am] mikewd2 -: above expectation [07:31 am] joeytsa : but what does that mean for the economy though [07:31 am] mikewd2 -: not sure why nat gas jumped along with FST and ohter nat gas players [07:31 am] mikewd2 -: maybe less than expectation???? [07:32 am] joeytsa : no clue [07:32 am] shark : spike in UVXY [07:33 am] joeytsa : ES lost support [07:33 am] mikewd2 -: out UVXY 18.55 nice 35 cent profit [07:33 am] shark : yeah, Mike!!! [07:34 am] garyb : congrats Mike! [07:34 am] mikewd2 -: still in DRI short but not liking it [07:34 am] mikewd2 -: JOY hod [07:34 am] shark : put your stop at hod, Mike [07:34 am] shark : or just above [07:35 am] shark : got a triple test of hod, DRI [07:36 am] mikewd2 -: my stop just above hod [07:36 am] shark : ;) [07:36 am] doji : High inventories in oil and gas mean cheaper price at the pumps; [07:36 am] doji : howvere not good for oil and gas stocks [07:37 am] joeytsa : thanks doji [07:37 am] totora : clr looks toppy [07:37 am] mikewd2 -: so why did we get a jump in oil stocks [07:37 am] mikewd2 -: FST, CJES, WFT all hod [07:38 am] joeytsa : people are irrational? [07:38 am] Ed : i thought stocks were [07:38 am] joeytsa : BIDU testing $118 hod area [07:38 am] joeytsa : them too [07:38 am] shark : lol [07:39 am] joeytsa : thats why those stock overreaction are money [07:39 am] doji : Speculation Mike... just wait a couple of days.... [07:39 am] mikewd2 -: out DRI short, small lunch money profit [07:39 am] scalpman : Watching CVLT [07:40 am] doji : I agree with Joey... it's market's perception which in exhuberance disconnects from reality [07:40 am] mikewd2 -: SLB back to 65.00 [07:40 am] skydiver : got a phone call and have to go -- see you all tomorrow morning - keep making the big $$$ :) [07:40 am] shark : Saudi Oil Minister saying there is a need to increase production. OPEC meeting today! [07:41 am] Ed : c ya sky [07:41 am] shark : bye sky!!! [07:41 am] joeytsa : have a good day sky [07:41 am] skydiver : :) [07:41 am] lisas : bye sky

8

[07:41 am] mikewd2 -: all the other ministers are against it shark [07:41 am] joeytsa : next week is german elections i think, G20 and fomc [07:42 am] shark : nice, joey, thx [07:42 am] mikewd2 -: WFT approaching 12.50 resistance, died yesterday when it hit it [07:42 am] doji : Saudi wants to increase because they don't want to close the wells; a well that is closed can get severly damaged. You don't want to damage a well that is producibg 30,000 barrels a day [07:43 am] joeytsa : union break..see you in a bit, make some money [07:43 am] doji : What happens when the market is flooded with supply? [07:43 am] doji : obvious answer [07:43 am] joeytsa : prices do down [07:43 am] joeytsa : go [07:43 am] shark : ok joey [07:43 am] doji : in addition to the issues in EU which could slow things down [07:44 am] joeytsa : lots of people worried about inflation, not much talk about deflationary cycle [07:45 am] doji : Ok, no more comments... we'll see in the next weeks how things work. just wait until oil companies report Q2 numbers [07:45 am] shark : :) [07:46 am] mikewd2 -: got out DRI short too soon [07:46 am] mikewd2 -: figures [07:48 am] shark : MIIIIIKEEEE!! [07:48 am] doji : I see now, the market moved higher on Greece elections... [07:49 am] mikewd2 -: JOY above 56 [07:49 am] doji : Is the pro-EU party leading the lections in Greece? [07:51 am] garyb : Is there a way to shut the pop up window off when Mitch or Ed types a message? [07:51 am] doji : It would be great if the marlket play the same reversal game as yesterday.... [07:52 am] garyb : probably will doji [07:53 am] mikewd2 -: taking profits on FST day trade, +0.16 - see you guys later. [07:53 am] shark : bye mike! :) [07:53 am] doji : The focus is whether anti-austerity party Syriza will gather enough support to form a government, potentially leading to a fallout with the European Union over the country's bailout terms. Polls are not allowed in Greece in the last two weeks leading up to an election, but "secret polls" reportedly point to a victory for pro-austerity party New Democracy [07:54 am] Ed : c ya mike [07:54 am] lisas : bye Mike [07:54 am] lisas : Thanks doji [07:55 am] doji : EW hitting VWAP [08:00 am] doji : See ya in 1 hour fellas... [08:01 am] doji : Gary... keep pushing UVXY higher... [08:01 am] shark : ok doji [08:05 am] victor51 : Mitch, thanks for EW. Made my day [08:09 am] shark : NOK -wow, sign of times [08:11 am] garyb : ok doji..I will push now! :) [08:13 am] shark : UNG spectacular day [08:15 am] cdougan : gmcr looking for a bounce [08:18 am] shark : SPY testing R1 -133.00 level -res. [08:26 am] gub : yoku - turning up. [08:28 am] lisas : Yes, QCOR my biggest winner [08:28 am] shark : awesome, lisas [08:29 am] lisas : holding a quarter at break even until end of day I think [08:29 am] Ed : way to go go go lis

9

[08:29 am] Ed : lisa [08:29 am] lisas : :) [08:29 am] gub : made .30 on QCOR! [08:30 am] joeytsa : LNKD hod [08:30 am] shark : FB too [08:31 am] joeytsa : ES testing 1320 [08:33 am] gub : made .30 each way on short and then long. [08:33 am] lisas : good job gub! [08:33 am] shark : awesome gub! ;) [08:33 am] Ed : nice going gub [08:33 am] gub : on ANV [08:33 am] joeytsa : nice gub [08:33 am] gub : TY [08:34 am] gub : I just been breaking even or losing little every day though. [08:35 am] gub : I think I have to sell quicker and take profits. [08:36 am] Ed : actually thats not a bad thing gub if ur having small loss and breaking even mostly, some minor adjustment when get u across the line. Many traders starting out lose big and cant get close to breakeven [08:37 am] shark : good point, Ed [08:37 am] gub : But when I look at some of the charts at day end I see that if I would of held on I would make more - so I been working on staying in the position longer. [08:37 am] shark : me too, gub [08:37 am] cdougan : me too [08:37 am] lisas : Great that you are looking at charts, best way to learn [08:37 am] shark : from my analysis, investors win cause they let there winners run, and cut their losers quickly [08:37 am] gub : But today I could have made $ but I figured to stay in longer and ride it. [08:37 am] gub : TY - Ed. [08:38 am] gub : Got stopped out then [08:38 am] qwert : gub do you scale out of positions [08:38 am] Ed : one thing u could do, is take say 75% of trade off where u do now, and let 25% ride placing stop at breakevn and gradually trail [08:39 am] shark : I agree with qwert, Ed [08:39 am] gub : TY Ed for thst I will try it! [08:39 am] joeytsa : gub: if you get stopped out but the trade is still in play, re-enter [08:39 am] cdougan : VELT lower priced [08:39 am] gub : I haven't yet scaled out of positions quert [08:40 am] gub : qwert [08:40 am] qwert : you should try that it will help [08:40 am] gub : TY joey - I will try. [08:41 am] joeytsa : only if the original entry reason is still valid... [08:41 am] joeytsa : happened to me today on EW [08:41 am] gub : Thanks for all these great ideas. [08:41 am] gub : Guys [08:42 am] joeytsa : scaling out is great also..one day i will try that :) [08:42 am] shark : whaatt ???? [08:44 am] joeytsa : :) [08:45 am] scalpman : Watch GME [08:45 am] gub : .04 on IGT short Mitch. [08:46 am] gub : Could of done better but was letting things ride today. [08:46 am] doji : Back to the room felllas [08:46 am] gub : could of taken 90.00 but then het my stop. [08:46 am] gub : $90.00 [08:47 am] scalpman : EArly entry...tight stop... [08:47 am] gub : scalpman? [08:47 am] scalpman : GME [08:47 am] gub : this is what you do scalp? [08:48 am] Ed : nice looking chart for short GMC rather GMCR

10

[08:48 am] scalpman : On this one, gub. [08:48 am] gub : oh. [08:54 am] scalpman : GME double bottom...or lower highs...it's fight! [08:56 am] Ed : still looks pretty weak, nice short breakn below 18.19 would not much edge here [08:59 am] doji : LNKD pullback [08:59 am] scalpman : GME holding slight bounce [09:01 am] scalpman : reducing GME... [09:01 am] doji : GME look nasrt on the daily... hitting 52-week low at 17.65 [09:01 am] doji : nasty [09:01 am] scalpman : All out small profit... [09:02 am] scalpman : Yeah..I wasing hoping for a little bounce to scalp...probably not the best choice... [09:02 am] scalpman : and of course...now it moves! [09:02 am] doji : shhhhhhhh [09:03 am] scalpman : it still looks down...ah vindicated [09:03 am] Ed : no biggie though scalp, as a trader u want to play high probability trades, they help with % of success and give better r/r [09:05 am] Ed : also, every signal does not make for high probability trade, this is hardest part for many traders, controlling the emotions. At times best trade is sitting on hands [09:05 am] doji : Hey Ed, I'll send you a message by FB today.... [09:05 am] scalpman : Good points....Ed...thatnks [09:05 am] gub : TY for great advice Ed - it's really been helping now that I'm understanding what you mean. [09:06 am] Ed : cool, "my man" i said that in my Denzel Washington voice [09:06 am] joeytsa : haha [09:06 am] doji : hahahaah [09:06 am] garyb : :) [09:06 am] gub : LOL! [09:06 am] cdougan : ha [09:06 am] doji : Don't tell Lisas please [09:06 am] Ed : my lips are sealed [09:06 am] lisas : shhhh I won't say a word! [09:06 am] doji : I got our trip plan to Rio ready! [09:07 am] doji : ouchhh Lisas is here [09:07 am] joeytsa : haha [09:07 am] shark : lol [09:07 am] lisas : Professional lurker;) [09:07 am] gub : I been using the 2 - 3 minute charts last 3 days and it's been giving me better confirmations with better decisions. [09:07 am] scalpman : GME may be good tomorrow...I will watch [09:07 am] doji : Sorry Ed, couldn't find the Blond bombshell you asked for but I hava a backup plan... [09:07 am] Ed : lol [09:08 am] joeytsa : doji will wear a blonde wig?? [09:08 am] lisas : pictures! [09:08 am] gub : with 1 minute charts I was jumping the gun. [09:08 am] qwert : hahaha [09:08 am] doji : I mean, for the nurse who will take care of you after your plastic cirgury [09:08 am] joeytsa : the 1min will do that at times gub [09:08 am] lisas : I do that sometimes also gub, I have both up on platform [09:10 am] Ed : those are the forces one fights in tryn to take stock on left long, what u would like to see would be acceleration of selling vol to give that edge for potential bottom to buy and bouce [09:12 am] doji : Around 3% drop so far in RLJ [09:13 am] gub : TY all guys. [09:13 am] gub : Great tips. [09:14 am] gub : up .25 on GMCR with my stop set in place [09:14 am] gub : just stoped out made .19

11

[09:15 am] doji : short? [09:16 am] gub : long GMCR [09:16 am] gub : 20.38 buy and 20.57 filled. [09:17 am] doji : I thought RLJ [09:17 am] gub : lunchtime [09:18 am] doji : Volume drying up in RLJ [09:19 am] doji : staying aside of RLJ [09:20 am] garyb : Not taking RLJ doji? [09:21 am] garyb : Yeh looks like ti still wants to go lower [09:22 am] garyb : No power ion RLJ..no volume [09:26 am] garyb : going for lunch....slow time now [09:26 am] Ed : so scalp, what u can look to do when u look at daily of stock like GME and it downtrend, and on time frame u trade u want to keep with trend if slow drift, so u can short the highs to play the edge. Advance trading techinque, u draw ur trendlines and it will depict the highs for u [09:31 am] cdougan : That's all for me. Have a great day everyone. Thanks for the great calls. [09:34 am] Ed : c ya cdougan [09:34 am] lisas : bye cdoug [09:38 am] Ed : so Obama to speak on economy again at 1:45 est. [09:42 am] Ed : hmm, all quiet on the front [09:42 am] doji : Oh that is why market is moving... last time it did the same [09:44 am] chinhngo : biib all day hod can i short or buy put? [09:46 am] Ed : too strong chinhngo [09:47 am] Ed : its trading at all time high aslo [09:47 am] Ed : also [09:48 am] Ed : if u must short it, I would wait for reversal on daily b4 considering short intraday [09:48 am] doji : Oil moving up [09:49 am] khall : OPEC keeping quotas the same [09:49 am] mikewd2 -: that was good to hear [09:50 am] Ed : how long was the meeting doji? [09:51 am] doji : What meeting? [09:51 am] Ed : u were in the OPEC meeting [09:51 am] doji : hahahaha [09:51 am] doji : yes, serving coffe [09:52 am] Ed : yea right, I know u like to keep it modest [09:52 am] doji : Tip must be very good [09:52 am] khall : NKE a slow ride down today [09:53 am] jsn13 : Ed, is there a morning star buy signal on BIIB? looks like it has already put in bottom....with the vol and spy... [09:54 am] Ed : which timefremae [09:54 am] jsn13 : thinking of taking it long at at higher low on 1min.... [09:54 am] Ed : to much risk here, would wait on pullback [09:55 am] jsn13 : as in thinking of getting it at the pull back...on a higher low... [09:56 am] Ed : speaking on market structure great [09:57 am] Ed : would see how pullback into area of consolidaiton, if we get it [09:57 am] jsn13 : ok thanks.... [09:58 am] Ed : so far it has been riding that 20ma and 50ma on 1min [09:59 am] jsn13 : looks like downtrend still holds... [09:59 am] Ed : u mean the uptend [09:59 am] Ed : uptrend [10:00 am] jsn13 : would u take it long if higher low formed? [10:01 am] Ed : hey chinhngo u get my comment on BIIB [10:02 am] gub : was there a hammer that just occureed on NKE and what does this mean? [10:03 am] Ed : which time frame gub u speakn? [10:03 am] qwert : gub thats not a hammer [10:07 am] gub : 13.03 est [10:07 am] gub : NKE

12

[10:07 am] doji : The SPY has been slowly drifting higher today [10:08 am] mikewd2 -: Allen Stanford sentenced to 110 years [10:08 am] mikewd2 -: finally some justice [10:12 am] Ed : agree with qwert gub [10:12 am] gub : TY [10:13 am] gub : qcom [10:14 am] doji : NKE approcahing 100 [10:14 am] doji : hitting 200DMA [10:15 am] victor51 : QCOM dropping fast. Any news? [10:16 am] gub : yea victor I just made .30 on QCOM drop. [10:17 am] doji : Short/Long Gub? [10:17 am] gub : short [10:17 am] doji : What time and what price you got it? [10:19 am] gub : 56.57 1:11 to buy to cover at 1:14 at 56.27. [10:19 am] doji : so what triggered your short? [10:21 am] doji : The only thing that could have triggered a short for me was that trendline support. [10:21 am] doji : broken by a candle at 13:13PM [10:21 am] gub : was up on screen and seen candles with vol [10:22 am] gub : set tight stop and kept dropping [10:22 am] jsn13 : and broke lod....weak compared to SPY.... [10:22 am] doji : I don't see volume increase at 1:11 [10:22 am] mikewd2 -: GMCR sick [10:24 am] doji : Sorry Gub but that is only me... I just need to have an edge to trade. [10:25 am] gub : I'm still learning and maybe just lucky today. [10:26 am] jsn13 : Ed, did u trade QCOM? how do u handle it if so? [10:27 am] Ed : did not trade it, wanted more selling down to 55.8ish area [10:27 am] jsn13 : ok thanks.... [10:28 am] victor51 : QCOM Long at 56.20 [10:31 am] gub : vic - how many shares? [10:32 am] victor51 : 200 [10:32 am] gub : way to go! [10:32 am] gub : I got it long now. [10:33 am] victor51 : Switched from 1 to 2 min. chart for qcom. better reading [10:36 am] doji : QCOM here at trendline resistance [10:36 am] gub : what does this mean stock will do doji? [10:37 am] gub : vic tour killing QCOM [10:37 am] gub : still riding it vic? [10:38 am] gub : going up as fast at it went down - qcom [10:42 am] victor51 : out 1/2 [10:48 am] Ed : nice trade victor [10:49 am] gub : you the man vic! [10:50 am] victor51 : Ed Thanks. I am still doing morning trades in Sim. and take live trades after 9:00 am pst [10:50 am] Ed : cool [10:52 am] gub : same here vic - I'm swithcing back and forth too. [10:53 am] victor51 : Doji, is 10:47 good dogi signal or ave. signal for QCOM? [10:54 am] doji : Sorry Victor, I had to leave [10:54 am] victor51 : bye Doji. I will be off tomorrow [10:57 am] victor51 : Ed, looks like 10:47 dogi signal is working fine for QCOM. Can you expand on it please? [10:58 am] Ed : at :46 time [10:59 am] victor51 : yes [11:00 am] Ed : doji just signifies that bull/bears are equal neither one has upper hand at that time [11:01 am] qwert : NKE trying to hold 200sma daily [11:02 am] Ed : how is it useful, if ur long a stock and u see it in uptend, just a heads up that stock could be running out of steam, same holds true for downtrend, [11:03 am] gub : TY Ed for the tip on doji. [11:03 am] Ed : it could also be resting for resumption, so trader has to interpret other factors like, vol, indicators,etc

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[11:04 am] victor51 : ED, makes lot of sense. Thanks [11:04 am] lisas : What I got from reading Nisson on candles is that many are meaningful or not depending on context, it after a trend, at a predictive level of S or R. [11:05 am] gub : TY lisas [11:05 am] qwert : same here lisa [11:06 am] Ed : exactly trader has to interpret other factors [11:06 am] eddy : victor which sim u r using? [11:06 am] gub : the other factors is what fools me the most right now. [11:07 am] gub : sometimes don't considr them [11:08 am] gub : by being here I get reminded of them of which I thnx all here who help me and others. [11:08 am] victor51 : Yes Lisa, I agree and helps on R and S [11:08 am] qwert : NKE weak against spy [11:09 am] doji : NKE could brake below 100 today [11:11 am] mikewd2 -: deck breaking down [11:12 am] murano : BCR [11:13 am] lisas : thanks murano [11:14 am] mikewd2 -: NKE nearing 100 [11:14 am] mikewd2 -: broke 100 [11:14 am] doji : NKE [11:19 am] gub : TY doji on NKE. [11:20 am] joeytsa : HUN quick spike [11:21 am] doji : Watching QCOM [11:25 am] doji : Go UVXY [11:25 am] garyb : Yes! [11:26 am] joeytsa : AMZN testing lod, prev low close [11:27 am] doji : I have 1314 as lod for SPC Mitch [11:27 am] joeytsa : i dont have lod on s&p yet? [11:27 am] joeytsa : i have 1307 on the ES, its at 1317 right now [11:28 am] Ed : matbe he meant broke low of trading range :) [11:28 am] Ed : good anwser, good answer [11:28 am] Ed : survey says [11:29 am] joeytsa : one too many Tsingtao :) [11:29 am] doji : He must be taking a nap [11:29 am] Ed : lol [11:30 am] doji : go UVXY go [11:31 am] garyb : yes! [11:32 am] shark : YESSS!! [11:32 am] qwert : Ed have you traded HUN [11:32 am] doji : ? [11:33 am] shark : UVXY long, go! [11:33 am] Ed : no just watching [11:34 am] qwert : i jumped in n out made 4.00 :) [11:34 am] Ed : cool, green is good [11:34 am] joeytsa : $4 total?? [11:35 am] qwert : yeah my best trade of the day joey :) [11:35 am] joeytsa : haha [11:35 am] qwert : haha [11:35 am] joeytsa : better than a $4 loss i guess [11:35 am] qwert : yep [11:35 am] joeytsa : i think wmt starts at $7 :) [11:36 am] joeytsa : plus you get a fancy nametag [11:36 am] Ed : had a price set 12.96 and 13.10 never got chance to move it down or put prices in announcement [11:36 am] qwert : its acting like a legit rumor yeah? [11:36 am] Ed : it is [11:37 am] joeytsa : did anyone see the story? [11:37 am] joeytsa : boa shops HUN to pe firms [11:37 am] victor51 : qwert, geat job. it's on HUN? [11:37 am] Ed : i heard it sounded like charlie brown talking, lunch made me slooooooow [11:38 am] joeytsa : haha [11:38 am] qwert : hahaha wahwahwah [11:38 am] joeytsa : just like my wife

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[11:38 am] Ed : yea lol [11:41 am] Ed : u get the long joey [11:41 am] joeytsa : in HUN, no..left it along [11:41 am] joeytsa : aone [11:41 am] joeytsa : alone [11:41 am] lisas : lol [11:41 am] Ed : we will start having AA meetings on friday [11:41 am] joeytsa : its holding this 12.50 area though [11:41 am] joeytsa : i'll bring the sambuca [11:42 am] Ed : lol [11:42 am] qwert : ill bring the mojitos [11:42 am] Ed : too funny [11:42 am] joeytsa : been a long time since i had a drink [11:42 am] lisas : sim trading is so much more fun, I"m long BCR, NKE, QLD FDO, short HUN and gold, lol [11:42 am] shark : doji? [11:43 am] joeytsa : and you dont lose real money [11:43 am] Ed : and ur up 5 million for the day [11:43 am] lisas : exactly [11:43 am] qwert : you and pandozi [11:43 am] joeytsa : by the way: happy Flag Day to everyone [11:43 am] shark : YEAHHH!!! Thx, joey [11:44 am] qwert : you too joey [11:44 am] mikewd2 -: joey: u hear from IIan today? [11:44 am] joeytsa : yeah [11:45 am] Ed : cool [11:45 am] joeytsa : app already sent [11:45 am] doji : QCON nice double bottom rebound in V patter [11:45 am] doji : QCOM [11:45 am] shark : DOJIIII?? [11:45 am] doji : Hey Joey [11:45 am] mikewd2 -: great [11:45 am] doji : Did you watch CNN yesterday? [11:45 am] shark : sent you an email, doji [11:46 am] doji : Ok [11:46 am] shark : involves lots of $$$$$ [11:46 am] shark : time sensitive [11:46 am] lisas : nke still has fleas [11:46 am] doji : Gib, that is an edge to go long in QCOM [11:46 am] doji : Gub [11:46 am] gub : yes [11:46 am] doji : Joel, Did you watch CNN yesterday? [11:47 am] doji : all out QCOM [11:47 am] doji : JOEEEEEEEELLLLLLLLLL [11:47 am] joeytsa : what was on CNN [11:47 am] joeytsa : besides erin burnett :) [11:48 am] mikewd2 -: yeah [11:48 am] doji : MExical cartel involved in Horse racing in Tulsa, OK [11:48 am] mikewd2 -: yeah i saw that doji [11:48 am] joeytsa : saw that earlier in the week..shark sent me a link, but the horseracing forum I am on had it quicker [11:49 am] doji : Goioooooolll [11:49 am] joeytsa : SODA selling off [11:49 am] doji : Spainnnn [11:49 am] joeytsa : im watching it doji [11:50 am] shark : :) [11:50 am] doji : hahah [11:50 am] joeytsa : spain only playing with 7 guys...they cant afford a full team :) [11:50 am] doji : wowo SODA [11:51 am] garyb : lol Joey! [11:51 am] mikewd2 -: see if FST will give me another good daytrade L 7.09 [11:51 am] doji : SODA holding 20DMA [11:52 am] mikewd2 -: gary you still have UVXY?

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[11:53 am] doji : FST within it 30min OR Mike [11:53 am] mikewd2 -: ? [11:54 am] doji : 30min Open Range [11:54 am] shark : PCLN broke thru 10,21,100day [11:54 am] mikewd2 -: bottom of the opening range, yes [11:54 am] jsn13 : Anyone take soda long? [11:54 am] doji : 7.03 to 7.10 Mike [11:54 am] lisas : virtually long [11:55 am] joeytsa : mike: app approved already [11:55 am] doji : hahahaha nice Lisas [11:55 am] mikewd2 -: your right doii [11:55 am] joeytsa : you reading 50 shades also lisa haha [11:55 am] lisas : actually, real money to be made here, but hit target for day [11:55 am] lisas : so play money time [11:56 am] lisas : good practice on these fast drops [11:56 am] doji : Mkie, using the 30min OR in HAL, SLB and WFT has helped me a lot... [11:56 am] mikewd2 -: nice liss [11:56 am] Ed : thx Sir Doji for SODA [11:56 am] lisas : yeah doji! [11:56 am] jsn13 : Where did u enter soda long, Ed? [11:56 am] doji : Joey put in here, I just mentioned the S/R levels [11:57 am] Ed : 2:52 @ 33.37 [11:58 am] jsn13 : 2.50 and 2.51 bar as signals? rejection plus peak volume? [11:58 am] doji : Nice, afeter it didn't make lower lows [11:58 am] shark : nice Ed [11:58 am] joeytsa : Egan Jones cuts France to BBB- [11:58 am] jsn13 : Nice doji another good observation... [11:58 am] Ed : no i just use 2:51 as signal [11:59 am] jsn13 : what signal is thta? [11:59 am] doji : The spinning candle? [11:59 am] Ed : SPain is down to CCC by fitch, they should have new one for FFF- [11:59 am] Ed : yes [11:59 am] shark : agreed, Ed! [11:59 am] joeytsa : yeah Ed [11:59 am] doji : Spain is up 1 to 0 versus Ireland Ed! [11:59 am] jsn13 : spinning candle means? indecision? [11:59 am] doji : hahaha [11:59 am] joeytsa : it will get there [12:00 pm] shark : yes jsn [12:00 pm] Ed : just comes from chart study on that one jason, I have seen it on more than 1000's of charts [12:00 pm] doji : France downgraded to BBB [12:00 pm] jsn13 : me to....juz that not sure how to utilize it.... [12:01 pm] doji : long dropp red candle + increase volume + spining candle [12:01 pm] Ed : back test it and start to trade it when u see [12:01 pm] doji : and 5% drop from 34.4... all signals were there [12:01 pm] mikewd2 -: nice vol spike on DECK [12:02 pm] jsn13 : sure...im wondering like does the 2.50 and 2.51 candles combined look like bullish harami....but i like the peak vol though...'= [12:02 pm] Ed : if u have seen it 1000's of times in chart and it bottoms, trust ur gut, set stop enter and see where it takes ya [12:02 pm] doji : 34.9 sorry [12:02 pm] shark : jsn- candles are less reliable on 1min [12:03 pm] Ed : ur reading too much into it jsn [12:03 pm] shark : much less [12:03 pm] shark : work better on daily and weekly charts [12:03 pm] shark : agreed, Ed! [12:03 pm] doji : Price Action is the "key" [12:03 pm] jsn13 : ok i see....cos i see something that im familiar with but candles did not give me signal...decied not to take it...

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[12:03 pm] shark : and volume secondary [12:04 pm] jsn13 : ok got it guys....thanks.... [12:04 pm] shark : ;) [12:04 pm] joeytsa : jsn: eventually you will get to the point where you see everything at once [12:05 pm] mikewd2 -: jason, you didn't go long on soda? [12:05 pm] eddy : how can i learn price action? [12:05 pm] joeytsa : like Ed said: look at 1000's of charts [12:05 pm] jsn13 : like i said, saw everything but the candles did not give me signal....so did not take it.... [12:05 pm] Ed : when u study the charts over and over, u will begin to see lot of similarities, then make sure it meets parameters, selling off with high vol, etc, then enter with stop and manage it. Once u have done all study later u can get in to the nuts and bolts of what makes it do what do [12:06 pm] doji : wow SPY [12:06 pm] joeytsa : exactly Ed..worded perfectly [12:06 pm] garyb : Blasting! [12:06 pm] mikewd2 -: the long exhaustive candle wasn't clera? with volume? [12:06 pm] garyb : not good for our UVXY! lol [12:06 pm] lisas : wow, wish I was trading live [12:06 pm] doji : News? [12:06 pm] garyb : Did a certain team win?? [12:06 pm] doji : Any news? [12:06 pm] jsn13 : thanks guys for the advices... [12:06 pm] joeytsa : jsn: also, sometimes not everything lines up [12:07 pm] joeytsa : maybe only 4 of 5 factors signal [12:07 pm] jsn13 : got it joey....thanks for the reminder... [12:08 pm] mikewd2 -: UVXY dieing [12:08 pm] lisas : figured it had to be some significant news [12:08 pm] joeytsa : jsn: i ended up not taking SODA... [12:08 pm] joeytsa : but in our talking, you tell me where i would have taken it? [12:08 pm] doji : Watching fro shorts... [12:09 pm] mikewd2 -: out DECK plus $1 [12:09 pm] jsn13 : joey, the higher low at 12pm pst... [12:09 pm] joeytsa : nice mike [12:09 pm] joeytsa : bingo..when it re-tested that pivot s/r area [12:09 pm] jsn13 : congrats mike.... [12:09 pm] mikewd2 -: out FST L, nice 1.5% [12:10 pm] joeytsa : esp if i had missed the bottom [12:10 pm] mikewd2 -: i'll take it [12:10 pm] jsn13 : yup joey...the S2... [12:10 pm] lisas : Hope the live traders did well, my sim platform is going crazy hitting all my targets, lol [12:10 pm] joeytsa : its one of my favorite patterns [12:10 pm] Ed : lisas is up 10million now [12:11 pm] doji : Mine too... all my alarms just triggered at the same time [12:11 pm] lisas : ooh, I wish [12:11 pm] lisas : might be some shorts coming up I guess [12:11 pm] jsn13 : joey, most of the bounces move higher from the 1st higher low.... [12:12 pm] joeytsa : not sure if most do, but its not a bad place to enter if you miss the first move [12:12 pm] jsn13 : hun [12:13 pm] mikewd2 -: DECK S 47.12 [12:13 pm] joeytsa : you mean 48.12? [12:14 pm] mikewd2 -: yes sorry [12:14 pm] mikewd2 -: 47.12 was previous long - haha [12:14 pm] joeytsa : good trading [12:15 pm] victor51 : Ed, 2:51 candle had delta of .80. + capiluation for a day? what do you call that candle [12:17 pm] doji : UVXY long 17.13 [12:17 pm] doji : held 17 very well

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[12:18 pm] garyb : yes doji I agree [12:19 pm] mikewd2 -: nice doji [12:20 pm] doji : Sweeeeeeettttttttt [12:20 pm] doji : out 1/2 UVXY [12:20 pm] garyb : It's like being on a rollar coaster today! We just don't know when we go up or down! [12:20 pm] shark : lol [12:20 pm] garyb : good one doji! Send me a beer buddy! [12:21 pm] doji : The SPY needs to breakdwon here to add on UVXY [12:21 pm] garyb : Brazilian beer! [12:21 pm] doji : with or without companion Gary? [12:22 pm] garyb : lol [12:22 pm] doji : KORS [12:22 pm] garyb : ok with Companion...but my wife may give me a patta de koolo!! [12:23 pm] doji : KORS 36.9 support [12:23 pm] mikewd2 -: missed my entry price on KORS by 2 cents [12:24 pm] jsn13 : doji, for ur UVXY, where did u enter? [12:24 pm] jsn13 : I mean which bar....saw ur price... [12:25 pm] doji : 3:16PM Jason when it made higher lows... [12:25 pm] jsn13 : thw bar after doji? [12:26 pm] jsn13 : the higher high? [12:26 pm] doji : Just saw the price action and the support at 17 Jason... [12:26 pm] Ed : hey victor, u get chance would go to youtube and place steve nison candlestick and it wiill give some great educational info [12:26 pm] doji : that was all [12:27 pm] doji : Jason, tradin is not like math... there are several exceptions that you have to take from time to time [12:27 pm] doji : one of them is "guts" [12:27 pm] jsn13 : ok thanks doji....juz wanna check ur time with my time on ninja....my 3.16 is the green bar after doji....how bout u? [12:28 pm] victor51 : Ed, i have watched few but will spend more time. Thanks [12:28 pm] doji : Mine is the second red candle... kind of ahhmer [12:28 pm] doji : green [12:28 pm] doji : third green candle [12:29 pm] jsn13 : doji, i juz wanna have the materials clear....when i pull out my guts....i often go in too early.... [12:29 pm] jsn13 : im always too agressive....and ed would tell me i have no signals yet.... [12:29 pm] doji : You will get there Jason, you are a smart kid [12:29 pm] jsn13 : so i rather wait and make some analysis....will speed up later on.... [12:30 pm] jsn13 : so now i will ask all sorts of questions....i wanna make sure i learn trading well....made too many mistkaes in the past.... [12:31 pm] Ed : question for newbies, how much time have u spend each night studying charts? or how much time? [12:31 pm] jsn13 : at least 2hrs per day.... [12:32 pm] jsn13 : plus normal trading time.... [12:32 pm] eddy : i work on this 12 hrs a day including trading time [12:32 pm] eddy : 10 to 12 to beexact [12:32 pm] mikewd2 -: your ready jason, just got to pull the trigger and start making some trades [12:32 pm] Ed : speakn of only dedicated time to study [12:32 pm] eddy : at least 3 to 4 hrs a day [12:33 pm] mikewd2 -: vol spike on GMCR [12:33 pm] eddy : nd im nt there [12:33 pm] mikewd2 -: nearing 20.00 [12:33 pm] jsn13 : mike i have 14 trades today.... [12:33 pm] mikewd2 -: nice jason, didn't realize - great [12:34 pm] jsn13 : had 8 yesterday....on avg 10 trades per day.... [12:34 pm] doji : Still riding SODA... nice

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[12:34 pm] Ed : just curious [12:34 pm] mikewd2 -: wow, maybe too many then. [12:34 pm] mikewd2 -: haha [12:34 pm] jsn13 : haha....mostly losers... :-( [12:34 pm] doji : and waht is your % of winners vs. loosers [12:35 pm] jsn13 : like 20% winners.... [12:35 pm] mikewd2 -: not good [12:35 pm] jsn13 : maybe i jump on the losers....it's very bad.... [12:35 pm] joeytsa : 20% winners means you need 5:1 to break even [12:35 pm] jsn13 : haha....but im experimneting with very small positions.... [12:35 pm] joeytsa : money being equal that is [12:36 pm] doji : Didn't realiz the SPY is almost 1% up today [12:36 pm] jsn13 : that is why i asked alot of questions...had probs in selection... [12:37 pm] jsn13 : dojie, how do u exit SODA? [12:37 pm] jsn13 : *doji [12:37 pm] doji : Haven't yet Jason [12:38 pm] jsn13 : still have full position? very nice... [12:38 pm] mikewd2 -: i haven't exited mine either Jason [12:39 pm] doji : Market is betting on the central banks action.... [12:39 pm] mikewd2 -: almost did when the 50ma was breached [12:39 pm] mikewd2 -: my target on soda was 34.97 [12:39 pm] mikewd2 -: currently [12:39 pm] jsn13 : how do u guys judge when to exit? stop at break even now or u guys trail it up? [12:40 pm] joeytsa : keep trailing [12:40 pm] mikewd2 -: when it broke the 20 and then the 50, i kept moving my stops up [12:41 pm] mikewd2 -: my stop right now is 34.41 [12:41 pm] mikewd2 -: which is up $1 currently [12:41 pm] qwert : jsn i sell 1/2 to 3/4 at first area of resistance and then just bump stop below each area of support as it moves up [12:41 pm] mikewd2 -: i'm out now 34.85 [12:41 pm] jsn13 : very nice mike....congrats... [12:42 pm] mikewd2 -: best one of today for me [12:42 pm] qwert : nice trade mike [12:42 pm] jsn13 : qwert, where is ur 1st area of resistance? [12:42 pm] mikewd2 -: FST keeps giving these nice 1.5% gains, [12:42 pm] doji : Long UVXY again at 17.04 [12:43 pm] qwert : i didnt trade soda jsn but would depend on where i opened the position [12:43 pm] jsn13 : ok thanks qwert.... [12:44 pm] mikewd2 -: vix down 7.75% today [12:46 pm] mikewd2 -: sure would like to see WFT stay over 12.50 for close [12:46 pm] eddy : doji still in uvxy? [12:46 pm] Ed : take a look at charts KORS on left and SODA on right, see any similarities in bottom forming [12:47 pm] mikewd2 -: doji, did you dump soda? [12:47 pm] jsn13 : the peak volume.... [12:47 pm] qwert : yep [12:47 pm] lisas : shark, you still here? [12:47 pm] jsn13 : then indecision after the peak volume bar with lower volume... [12:47 pm] qwert : big candles, big volume [12:48 pm] jsn13 : thanks ed....very direct comparison.... [12:48 pm] Ed : this is what I did, I kept studying 1000's of charts litterally and I would tunr them upside down, and gues what shows great short pattern [12:48 pm] Ed : aapl on right [12:49 pm] jsn13 : how did u trade DPS ed in the am? [12:49 pm] eddy : ok Ed if u go back to KORS [12:50 pm] jsn13 : this one was tricky i guess... [12:50 pm] Ed : those bars too much risk to trade unless u got the

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bottom [12:50 pm] Ed : so ok to pass [12:50 pm] jsn13 : thats y i avoided it.... [12:50 pm] eddy : I Wud have taken the trade but most certainly gone out on the third nnd fourth red bars# [12:50 pm] jsn13 : i passed... [12:50 pm] eddy : how wud we know that it wud continue climbing# [12:51 pm] Ed : lets look at larger timeframe [12:51 pm] eddy : u got my question? [12:51 pm] Ed : 5min to the right [12:52 pm] Ed : no sell signall yet on 5min [12:52 pm] Ed : u see that eddy [12:52 pm] eddy : but wat wud be a sell signal? [12:53 pm] eddy : a red bar? [12:53 pm] Ed : that or watch ur stochastics [12:53 pm] eddy : on the 5mns? [12:53 pm] jsn13 : i think a sell signal is forming....haveing prob with 38 resistance.... [12:54 pm] Ed : what u do is u trade on ur 1,2,3 min, then glance at 5min to help u stay in trade longer [12:54 pm] qwert : bye everybody cya in the am thx for the great calls [12:54 pm] Ed : see on 1min we got sell signal, still forming on 5 [12:54 pm] Ed : cya qwert [12:55 pm] khall : bye qwert [12:55 pm] joeytsa : bye qwert [12:55 pm] eddy : ya got thaat [12:55 pm] eddy : how do u identifyt the bottom? [12:55 pm] jsn13 : see ya qwert... [12:55 pm] eddy : u need 3 consecutive green bars to confirm? [12:56 pm] mikewd2 -: cu guys tomrw. [12:56 pm] eddy : bye mike [12:56 pm] Ed : depends on what time frame ur using, but what u would like to see is sellerrs disipate and buyers come [12:56 pm] joeytsa : bye mike [12:56 pm] eddy : i know wat my problem is [12:57 pm] eddy : it is managing the trade [12:57 pm] eddy : anyway [12:57 pm] lisas : bye everyone, have a great night [12:57 pm] eddy : will work on this [12:57 pm] eddy : bye lisa [12:57 pm] Ed : u like getting out early so to speak [12:57 pm] joeytsa : bye lisa [12:57 pm] khall : bye guys - thanks for the great day ... [12:57 pm] eddy : yes [12:57 pm] doji : Bye guys [12:57 pm] garyb : Bye Katrina! [12:57 pm] eddy : nd the reason is that i concentrate on nt losiing [12:57 pm] Ed : maybe work on tryn to break ur trade up or scale out as they say [12:57 pm] garyb : See you dojjjiiii [12:58 pm] joeytsa : bye katrina [12:58 pm] eddy : cos im way in the red nw [12:58 pm] doji : Tomorrow I;ll cnnected only 1 hour, next weekk I;ll be travelling [12:58 pm] eddy : so im losing objectivity [12:58 pm] Ed : got it [12:58 pm] eddy : anyway [12:58 pm] eddy : it better improve soon [12:58 pm] eddy : take care all [12:58 pm] eddy : see ya tom [12:59 pm] joeytsa : Thanks Mitch, Ed, everyone...see you in the morning [12:59 pm] Ed : remind me 2morrow we will talk about it [12:59 pm] Ed : eddy [12:59 pm] Ed : c ya joey

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[12:59 pm] eddy : sure wud luv some advice [12:59 pm] jsn13 : bye joey [12:59 pm] Ed : remind me when it is slow 2morrow [12:59 pm] eddy : ok sure [12:59 pm] Ed : like 3:30est [12:59 pm] eddy : ok [01:00 pm] Ed : have a great night traders [01:01 pm] jsn13 : U too ed... [01:01 pm] victor51 : Good night all and i will see you on Monday. Travelling tomorrow

SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day. Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock ideas can be changed at a moment’s notice during any trading day without any warning!

IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are general guidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause a change in opinion before the next evening report is written.

Remember not to get too heavy in one sector and gradually move in because it is unrealistic to think we get the exact bottom. We want to gradually move into this sector and eventually build full size long positions in them that may be swing trades lasting for days or intermediate trades lasting weeks.

If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going against you. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined 2 to 1and then miss the big move up we are looking for in oil and gas stocks. Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higher amount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The main reasons why people fail to make money in stocks consistently (according to Mitch King):

1. They are too emotional, controlled by greed and fear. 2. Not using a high probability technique to buy and sell (or no technique at all!) 3. Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to

learn a good trading technique. 4. Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above.

Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate and swing trades are really important to have trailing stop losses set.

Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk.

Stop losses: Many people ask about stop losses on intraday trading and my response is that the stops should be wider because they are stops “just in case” a disaster news event hits the stock. When you follow the technical indicators as I show you on the intraday scalping tutorials, rarely will a stop loss be hit. The indicators can be used with uncanny accuracy as a forecasting tool so don’t set your stop losses on the intraday scalping too tight.

Anyone setting tight stops while scalping will consistently lose money on scalping because stocks move around a lot even though they follow the technical indicators. Stop losses on swing and intermediate term trades can be sent anywhere from 5-7-10% and trailing stop losses are best.

More thoughts: Keep steady, calm, decisive, aggressive. Have no fear and no greed. Keep looking at what to be doing next in a calm manner. Don’t focus on the past or beat yourself up what you did or didn’t do or what you should have done. Just keep playing the next shot, which in this business your next shot could be just sitting on the sideline.

If you have been uncomfortable shorting stocks, which most people are, try to learn this technique, it will be a useful tool in the coming years. When several stocks from the same sector are listed, like from the housing industry or steel industry for example, don’t short all of them unless you are well diversified and it represents a small percentage of your total stock account (in that same account).

Also note that we are in what Martin Pring, PhD explains in his book The All-Season Investor, the business cycles and which one is good for various financial investments. He would describe that we are in Stage II of the business cycle which is positive for bonds and

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stocks but negative for commodities. Sometime in late 2011, we probably approach Stage 3 business cycle with rising inflation and interest rates, which are usually bad for stocks and bonds.

A couple of technical analysis books you should consider: Technical Analysis Explained, Martin Pring. Technical Analysis from A to Z, Achelis Technical Analysis for the Financial Markets, John Murphy.

Put the odds in your favor and have a great day!

Mitch King and staff

TradeStocksAmerica.com.

Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stock trading videos, stock trading newsletter, stock market newsletter,

Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.