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TTTHedge live trading room transcript, Thurs. 5-23: Good … not great!

Editor — Thu, 23 May 2013 21:02:56 +0000

[09:15:18 am] Tom Malone: Good Morning !
[09:15:35 am] Tom Malone: We said Monday 1-2% up and 5% down By Friday !
[09:15:43 am] Tom Malone: We kinda hit it ….
[09:15:47 am] Tom Malone: Now what next
[09:16:10 am] Tom Malone: we have seen the demolishen in TECH as expected
[09:16:36 am] Tom Malone: we took heavy shorts in all QQQ puts and Standard NQ futures shorts and had a massive day
[09:16:45 am] Tom Malone: now we have to see the usual bottom
[09:16:57 am] Jersey Girl: here’s your sell off tom
[09:17:06 am] Tom Malone: which we should see AFTER Memorial Day
[09:17:12 am] Tom Malone: YES
[09:17:16 am] Tom Malone: Finally
[09:17:48 am] Tom Malone: and puts we bought are going up and long bulls from last week are now underwater for the 1st time in 6 weeks
[09:27:23 am] paul philp: is it time to get back into TLT puts closed all mine yesterday with the exception on some Jan 14 deep in the money
[09:28:45 am] paul philp: ok tks
[09:31:40 am] TTTMichael G: Tom, do we go to 1600 BEFORE a 1666 retest? If so, then we should see 1600 by options expiration so that we can rally into July 4?
[10:07:11 am] uncle fred: risko????
[10:10:28 am] sharon stelzl: FB and ELLI are both + off lows
[10:12:55 am] Tom Malone: 8
[10:12:57 am] Tom Malone: 8
[10:12:58 am] Tom Malone: 8
[10:12:58 am] Tom Malone: 8
[10:13:20 am] Tom Malone: 1600 before a new high
[10:13:23 am] Tom Malone: normally
[10:13:25 am] uncle fred: thx
[10:13:32 am] Tom Malone: 15 sessions on avg to new highs
[10:13:41 am] Tom Malone: I think this is shortable …again
[10:13:51 am] Tom Malone: but we have low volume again and no real panic
[10:14:02 am] Tom Malone: this is a shortable rally up to 1666
[10:14:04 am] Tom Malone: TTT
[10:14:40 am] Tom Malone: 1640 Buy 1650 short
[10:14:43 am] Tom Malone: Nothing here
[10:14:49 am] Tom Malone: risk is shortable
[10:14:55 am] Tom Malone: Futures day trade
[10:15:03 am] Tom Malone: esp if we get a Hard hat warning
[10:22:16 am] Tom Malone: Any Questions…you guys are performing superbly
[10:22:17 am] Tom Malone: TY
[10:22:31 am] Tom Malone: and let me know if you have any ideas posts questions
[10:27:34 am] Tom Malone: MINI 100% long ES here at 1644.00
[10:27:43 am] Tom Malone: Stops 1640.00
[10:27:52 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:28:14 am] Tom Malone: Traders 100 % long DDM here at 10:30 am
[10:28:28 am] Tom Malone: Traders DDM long at 10:30 am
[10:28:37 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:30:24 am] sharon stelzl: you are still expecting 1600 at some point though
[10:30:29 am] Tom Malone: Yes
[10:30:36 am] Tom Malone: just not until JUNE 7th
[10:30:43 am] sharon stelzl: TY
[10:30:47 am] Tom Malone: we still have a wait and see
[10:31:03 am] Tom Malone: Like I said I do not think we can break 1666 until July 4th
[10:31:10 am] Tom Malone: more correction coming
[10:33:33 am] Craig Ullery: Still waiting
[10:34:01 am] sharon stelzl: at 1650 would you add QID or TZA?
[10:34:11 am] Tom Malone: SDS or DXD
[10:34:23 am] sharon stelzl: holding SDS and DXD
[10:35:35 am] sharon stelzl: yeah–good way to celebrate
[10:35:49 am] Jerry Bogacz: noones flat…going long SSO @ noon?
[10:36:28 am] Craig Ullery: Waiting to buy puts in the 1650 – 1658 ES area
[10:36:37 am] Tom Malone: Agree
[10:36:42 am] Tom Malone: Very good
[10:36:47 am] Tom Malone: Working hard here
[10:36:51 am] Tom Malone: good stuff
[10:36:57 am] Craig Ullery: 38% – 50% retracement
[10:36:58 am] sharon stelzl: what is target for SSO if you think resistance at 1650?
[10:37:49 am] sharon stelzl: OK–TY
[10:38:46 am] Jerry Bogacz: looking for 3% sell off? there it is with in 24 hours off yesterdays high
[10:38:52 am] Tom Malone: 50% long 10% short
[10:38:58 am] Tom Malone: Perfect mix
[10:39:04 am] Tom Malone: for Investors
[10:39:10 am] Jerry Bogacz: Nikkei off 7%? Is that right?
[10:39:25 am] Tom Malone: YES that is after up 35%
[10:39:31 am] Tom Malone: amazing selloff
[10:39:36 am] Tom Malone: but well deserved
[10:39:56 am] Tom Malone: I think there was about 3 trillion worldwide in net worth taken yesterday
[10:40:01 am] Tom Malone: …so that stings
[10:40:06 am] Tom Malone: and is a warning to Bulls
[10:40:13 am] Tom Malone: still in a Secular Bull
[10:40:19 am] Tom Malone: but a punch in the gut
[10:41:02 am] Karen InSC: just walked in and saw what you guys have been up to
[10:41:04 am] Karen InSC: down to
[10:41:09 am] Tom Malone: lol
[10:41:40 am] Tom Malone: Welcome aboard …we are just happy things may be back to Normal after 6 weeks of parabolic runs
[10:41:43 am] Tom Malone: and madness
[10:42:02 am] Karen InSC: sandy bottom is scratchy isn’t it tom!
[10:42:25 am] sharon stelzl: Tom, doyou still think FXI will be a good play at some point–seems like China potentially has a lot of room to grow?
[10:43:38 am] Tom Malone: Yes
[10:43:43 am] sharon stelzl: Oh boy–looks like a huge H&S on the FXI year chart
[10:43:51 am] Tom Malone: we will get another shot long FXI in August
[10:44:38 am] Tom Malone: MINI stopped
[10:44:45 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:45:24 am] TTT Hedge: agreed
[10:45:57 am] Tom Malone: even ballgame now
[10:46:02 am] Tom Malone: Bulls have lost edge
[10:47:03 am] Jersey Girl: ticker?
[10:47:04 am] Tom Malone: Brown Forman ….our long stock of the day
[10:47:27 am] Tom Malone: BF.B
[10:47:37 am] Tom Malone: stops at 70.00
[10:47:44 am] Tom Malone: BF.B
[10:47:53 am] Tom Malone: Whisky
[10:47:59 am] Karen InSC: joe: final frontier here for bounce
[10:57:36 am] Karen InSC: joe watching 39s for hold to get to 44
[11:03:34 am] Tom Malone: RALLY
[11:03:41 am] Tom Malone: TLT crashing
[11:03:51 am] Tom Malone: 115 again
[11:03:58 am] Tom Malone: here we go
[11:04:06 am] Jersey Girl: got a famous ttt buy signal yet?
[11:04:59 am] sharon stelzl: GS raising SPX targets again–probably after they sold their positions yesterday
[11:05:25 am] Tom Malone: No …and it looks like we won’t…the power of the Bull has got the 15 indicators very very hard to get a Buy or sell
[11:05:33 am] Tom Malone: so we will keep you updated
[11:06:08 am] Tom Malone: I still thing we will get our next Buy 1596-1604 ES we will most likely be buying SEPT contracts then
[11:06:26 am] Tom Malone: SEPT contracts …wowo how time flies
[11:07:48 am] Tom Malone: BIG rally
[11:07:58 am] Tom Malone: I missed it by that much !
[11:08:04 am] Tom Malone: 7
[11:08:05 am] Tom Malone: 7
[11:08:06 am] Tom Malone: 7
[11:08:06 am] Tom Malone: 7
[11:08:06 am] Tom Malone: 7
[11:08:06 am] Tom Malone: 7
[11:08:07 am] Tom Malone: 77
[11:08:15 am] Tom Malone: news ?
[11:08:57 am] Tom Malone: POMO over, Fed injects $3.650 billion
[11:09:04 am] Tom Malone: that is the news !
[11:10:24 am] Tom Malone: 100% short here at 1645.00 stops 1650.00 ES MINI $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[11:10:49 am] Tom Malone: DJIA peeking above yesterday’s intraday low of 15,265. $DIA
[11:12:26 am] Tom Malone: Traders will go 100% long the short DOW DXD at 34.00 stops 4%
[11:12:39 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[11:15:30 am] Karen InSC: joe: in a reversal to upside, a higher low will always preced a higher high …
[11:15:37 am] uncle fred: RISKO??
[11:16:26 am] Karen InSC: hmm long syncs look kinda sprung
[11:18:46 am] Karen InSC: more energy in this mkt than usual though
[11:22:10 am] Tom Malone: 10
[11:22:12 am] Tom Malone: 10
[11:22:13 am] Tom Malone: 10
[11:24:39 am] Tom Malone: Adding AXP puts
[11:24:46 am] Tom Malone: 77.5
[11:26:25 am] Karen InSC: strategy from TPP:
[11:26:26 am] Karen InSC: TradePilot Pro: Today‚Äôs trade strategy simply is to remain flexible and anticipate a somewhat volatile session. Projected downside targets on a break of prior day low (PDH) have already been achieved to 1635.50. The Monthly Pivot is 1634.25 so anticipate a ‚Äúbuy response‚Äù from any retest during Pit Session. WHAT IS LOD??? 1634.25
[11:26:34 am] Tom Malone: Active puts @ CBOE: $AAPL 5/24/13 430 435 & 440 $C Jan 50 $MSFT Jun 30
[11:26:59 am] Tom Malone: 1650 ish Hard Hat zone
[11:27:04 am] Tom Malone: 1640 Buy zone
[11:27:11 am] Tom Malone: we have a simole day ahead
[11:27:22 am] Tom Malone: Buy 1640 ish short 1650 ish
[11:27:37 am] Tom Malone: lets see if we get enough Volatility or volume to get there
[11:29:08 am] Karen InSC: todd L here
[11:29:17 am] Karen InSC: 46.50
[11:30:22 am] Tom Malone: Good structure …poor chances
[11:30:27 am] Tom Malone: we will see
[11:30:45 am] Tom Malone: hard to get long here at high risk and 3-1 down a/d
[11:30:52 am] Tom Malone: just my opinion
[11:31:19 am] Tom Malone: but like the chart daily and like sentiment
[11:31:34 am] Karen InSC: he wants to see it hold here
[11:31:45 am] Tom Malone: so who ever gets long into 1650 is taking a risk higher than one at 1635
[11:31:46 am] Karen InSC: if not he will probably toss it away
[11:32:07 am] Karen InSC: he doesn’t hold if he thinks he misjudged
[11:32:28 am] Karen InSC: he has a talent for taking small losses
[11:32:31 am] Tom Malone: I wish I hadn’t today …took a kick in the groin
[11:32:36 am] Karen InSC: ouch
[11:32:44 am] Karen InSC: it’s hard to throw them away
[11:32:44 am] Tom Malone: low groin
[11:32:48 am] Tom Malone: not full on !
[11:32:55 am] Karen InSC: like a QB with no play
[11:33:25 am] Tom Malone: 3000 NQ
[11:33:29 am] Karen InSC: sometimes scaling in helps
[11:33:30 am] Tom Malone: Gosh we nailed that
[11:33:41 am] Tom Malone: biggest ETF gain of 2013 in SQQQ
[11:33:47 am] Tom Malone: now 3000 ???
[11:33:55 am] Tom Malone: resistance I think
[11:33:58 am] Tom Malone: and shortable
[11:34:12 am] Tom Malone: Dow cuts loss to 4 points, aided by HP, home sales
[11:35:02 am] Tom Malone: I thought we would be really our weakest at 11:30 am European close..but I think it was “It was not as bad as we thought ” POPS
[11:35:38 am] Karen InSC: wow driving in i heard dow was down 100+
[11:36:09 am] Karen InSC: todd looking for 3 handles, i.e. 48.50
[11:46:33 am] Craig Ullery: Tom, you mention adding AXP puts at 77.50 – you meant yesterday, correct?
[11:49:28 am] sharon stelzl: Tom, are we long and short the DOW in traders?
[11:54:30 am] uncle fred: risko??
[11:55:57 am] Tom Malone: 9-10
[11:56:02 am] Tom Malone: here ay 1650
[11:56:17 am] Tom Malone: we are shortable anywhere in the 49-50
[11:56:19 am] Tom Malone: ES
[11:56:26 am] Tom Malone: 2996 NQ
[11:57:28 am] Tom Malone: YES EVEN DOW HEDGE IN TRADERS
[11:57:45 am] Tom Malone: WE will let the Market tell us INT term
[11:58:02 am] Tom Malone: WE will Pull off longs at 1666-1650+
[11:58:10 am] Tom Malone: and keep Shorts
[11:58:14 am] Tom Malone: DDM
[11:58:15 am] Tom Malone: DXD
[11:58:18 am] Tom Malone: ez
[11:58:21 am] Tom Malone: trades
[11:58:25 am] Tom Malone: safe
[11:58:34 am] sharon stelzl: TY for the clarification
[11:58:42 am] Tom Malone: YW
[11:58:51 am] Tom Malone: rare but a perfect situation
[11:59:05 am] Tom Malone: as we will dump the longs at eod today or tomorrow
[11:59:25 am] Tom Malone: so longer term DXD shorter term at most 1.5 days DDM
[11:59:34 am] Tom Malone: we will be out of longs into JUne
[11:59:42 am] Tom Malone: into next Tuesday
[12:03:36 pm] Tom Malone: SSO long at NOON
[12:03:42 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$
[12:03:48 pm] Tom Malone: 1650 Resistance
[12:03:55 pm] Tom Malone: tough trade long here
[12:04:09 pm] Tom Malone: too much resistance BAD BREADTH
[12:04:53 pm] Tom Malone: HARD HATS ON AT 1650 ES
[12:09:45 pm] sharon stelzl: Hilsenrath doing FED damage control after market tanked yesterday
[12:09:49 pm] greg e: maybe fills gasp 1665.25
[12:12:13 pm] uncle fred: S 52
[12:12:16 pm] uncle fred: heavy
[12:12:25 pm] uncle fred: STOP 53.5
[12:12:37 pm] Tom Malone: WOW
[12:12:48 pm] Tom Malone: 3000 NQ now key
[12:13:00 pm] Tom Malone: Yes WSJ bounce
[12:13:02 pm] Tom Malone: Jon H
[12:13:04 pm] Tom Malone: rally
[12:13:11 pm] Tom Malone: FED didn’t mean it !
[12:13:24 pm] Tom Malone: MINI stopped
[12:13:30 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$
[12:13:48 pm] Tom Malone: 3000 NQ
[12:13:52 pm] Tom Malone: exhausting here
[12:13:58 pm] Tom Malone: a/d lines exhausted
[12:14:04 pm] Tom Malone: cannot go +
[12:14:38 pm] Tom Malone: MINI 100% short 1651.50 no stops
[12:14:49 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:15:24 pm] Tom Malone: OEX put call 1st sell signal in 5 weeks
[12:15:41 pm] Tom Malone: smart money shorting here at 1650 -1666
[12:15:48 pm] Tom Malone: like we said yesterday
[12:19:57 pm] uncle fred: Roll this MONEKY TOMMY 17 pts from LOW ..she is fullfilled the LONGS…… we will see
[12:21:09 pm] Karen InSC: uncle recruiting
[12:22:26 pm] Craig Ullery: Scaling into puts
[12:23:29 pm] sharon stelzl: Is the grassstill growing?
[12:32:37 pm] sharon stelzl: Uh oh–Doug Kass looking for a rollover in stocks
[12:35:47 pm] uncle fred: DOUG KASS has been wrong since JAN….when he said SHOERT….
[12:36:00 pm] uncle fred: follow his advise at ur own PERIL
[12:36:10 pm] uncle fred: I prefer TTT TOM
[12:36:37 pm] Tom Malone: MINI taking profits here at 1647
[12:36:42 pm] Tom Malone: .25
[12:36:43 pm] Craig Ullery: Kass short!!!??? I just cancelled my put orders . . . .
[12:36:47 pm] Tom Malone: Filled and cleared
[12:36:51 pm] Tom Malone: MINI flat
[12:36:56 pm] Tom Malone: LOL
[12:37:07 pm] Tom Malone: MINI Flat here at 1647.25
[12:37:19 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:37:24 pm] uncle fred: covering some HER..thanks TTT/ for RISKO !!
[12:37:29 pm] Tom Malone: 3000
[12:37:30 pm] Tom Malone: TY
[12:37:38 pm] Tom Malone: 3000 NQ major $$$$$$$$$$$
[12:37:44 pm] Tom Malone: short NQ standard
[12:37:50 pm] Tom Malone: Nice Trading Unc Fred
[12:37:50 pm] uncle fred: THIS DOG DONT HUNT…BULLS will find out REAL SOONE…..
[12:37:52 pm] Tom Malone: Gang
[12:38:21 pm] Tom Malone: As we go into June Please keep up with your memberships as we have fallen behind some payments
[12:38:37 pm] Tom Malone: If you get a chance pay you membership dues By June 1st
[12:38:39 pm] Tom Malone: TY
[12:38:43 pm] Tom Malone: TTT
[12:43:28 pm] uncle fred: RISKO???
[01:13:05 pm] Tom Malone: 3333
[01:13:06 pm] Tom Malone: 3
[01:13:07 pm] Tom Malone: 4
[01:13:07 pm] Tom Malone: 4
[01:13:07 pm] Tom Malone: 43
[01:13:08 pm] Tom Malone: 44
[01:13:08 pm] Tom Malone: 3
[01:13:08 pm] Tom Malone: 4
[01:13:09 pm] Tom Malone: 4
[01:13:09 pm] Tom Malone: 4
[01:13:09 pm] Tom Malone: 34
[01:13:09 pm] Tom Malone: 4
[01:13:26 pm] Tom Malone: TTT Mini 50% long here at 1647.00
[01:13:35 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[01:13:49 pm] Tom Malone: filled with stops at 1643.00
[01:14:04 pm] Tom Malone: head and shoulders possible top ?
[01:27:11 pm] Tom Malone: Heavy selling
[01:27:24 pm] Tom Malone: the market is doing a H and S toppy ?
[01:29:03 pm] Tom Malone: successful H and S
[01:29:12 pm] Tom Malone: bears have a even shot again
[01:29:18 pm] Tom Malone: a/d lines weak
[01:29:37 pm] Tom Malone: stks.co/qE1i $CRM May 45 & 50 weekly calls active on 58K @ CBOE into Q1
[01:36:47 pm] Jersey Girl: dd long 44
[01:38:24 pm] Jersey Girl: sold 46
[01:44:06 pm] sharon stelzl: Tom, will need to leave soon for an errand–any other suggestions–stay long DXD into tomorrow?
[01:45:08 pm] Tom Malone: Yes
[01:45:13 pm] Tom Malone: absolutely
[01:45:25 pm] sharon stelzl: will check before I leave–TY
[01:45:28 pm] Tom Malone: TY
[01:46:36 pm] sharon stelzl: Our new little business is off and going–but sometimes interfers with my watching the market–oh well…
[01:49:24 pm] Tom Malone: LOL
[01:49:30 pm] Tom Malone: Work and pleasure
[01:51:51 pm] Jersey Girl: back, had to reboot
[01:52:02 pm] Tom Malone: reboot
[01:52:06 pm] Tom Malone: the boot
[01:53:07 pm] Jersey Girl: I have vista on this computer.need to boot it
[01:53:56 pm] Jersey Girl: dd says 43 key support 46 resistance
[01:57:18 pm] Jersey Girl: he says if we can stay above 46 then look long
[01:57:43 pm] Jersey Girl: or buy 43
[01:58:52 pm] Tom Malone: Absolutely
[02:00:03 pm] Jersey Girl: i missed that 43 buy
[02:00:22 pm] Tom Malone: No one got filled long I do not think
[02:00:31 pm] Tom Malone: My stops not hit as far as I know
[02:00:33 pm] Jersey Girl: reaction at the midpoint
[02:00:41 pm] Tom Malone: no fills long at 43 as far as I know ?
[02:00:53 pm] Tom Malone: maybe ..but I am in standard contract
[02:01:34 pm] Jersey Girl: lookig to buy pull backs now
[02:04:10 pm] Jersey Girl: my chart shows 43 as the low so would not have filled
[02:07:42 pm] Tom Malone: MINI took profits at 165000$$$$$$$$$$$$$$$$$$$$$$FLAT MINI
[02:07:49 pm] Tom Malone: Flat MINI
[02:07:53 pm] Tom Malone: 1650.00
[02:08:02 pm] Jersey Girl: ice
[02:08:02 pm] Tom Malone: 10 Risk
[02:08:06 pm] Jersey Girl: nice
[02:08:09 pm] Tom Malone: Hard Hat warnings here
[02:08:21 pm] Tom Malone: HARD HATS
[02:08:24 pm] Tom Malone: TY JG
[02:08:42 pm] Tom Malone: 3000 NQ has to be turned back
[02:08:53 pm] Tom Malone: and 1650 has to retreat
[02:09:02 pm] Tom Malone: for bears to have a hand in things
[02:09:43 pm] Jersey Girl: today is a mirror image of yesterday
[02:17:02 pm] Jersey Girl: ge calls working
[02:17:24 pm] Karen InSC: GE, great idea
[02:25:46 pm] Karen InSC: GE is really a financial right?
[02:26:10 pm] Karen InSC: no longer a fin?
[02:32:57 pm] uncle fred: tom did u short 51//
[02:33:49 pm] Tom Malone: MINI will go short 100% here at 1651.00 stops 1655.00
[02:33:59 pm] Tom Malone: didn’t post
[02:34:13 pm] Tom Malone: was stuck in the computer
[02:34:37 pm] Tom Malone: our RISK levels are SPOT ON
[02:34:40 pm] Tom Malone: really
[02:34:44 pm] Tom Malone: HOT again’
[02:34:49 pm] Tom Malone: after a layoff
[02:34:52 pm] Tom Malone: back to work
[02:40:56 pm] Tom Malone: DDM we will take off here at 2:45pm
[02:41:09 pm] Tom Malone: TRADERS will move out of DDM here at 3:00pm
[02:41:23 pm] Tom Malone: TRADERS will be in DXD only at 3:00pm
[02:41:34 pm] Tom Malone: we will be short term short
[02:42:24 pm] Tom Malone: MINI will short 50% here again at 1651.00 $$$$$$$$$$$$$$$$$$ Stops 1655.00
[02:52:53 pm] Tom Malone: MINI short NQ 50% here at 3001..50 stops 3008
[02:53:06 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:10:16 pm] Tom Malone: MINI will take profits in the NQ position here at 2995.00 $$$$$$$$$$$$$$$$$$$$$$$$$
[03:10:44 pm] Tom Malone: ES stops in MINI at 1653.50
[03:12:09 pm] Tom Malone: Hardhat 10Risk at 1653.00
[03:12:16 pm] Tom Malone: 10 Risk
[03:12:20 pm] Tom Malone: Hard hats ON
[03:13:26 pm] Tom Malone: Here comes 10 RISK and HARD HATS ON
[03:16:08 pm] greg e: low trin all day, no real lasting selling pressure
[03:16:35 pm] Tom Malone: not a great day though
[03:16:46 pm] Tom Malone: really after a 5 % drop off highs
[03:17:02 pm] Tom Malone: avg stock down 3-4 days
[03:18:03 pm] Jersey Girl: considering what this market looked like at 4:00 am, it is a pretty good comeback
[03:18:16 pm] Tom Malone: MINI will take profits here at 1648.50
[03:18:28 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:18:42 pm] Tom Malone: Yes great comeback but nowhere near the selloff ?
[03:18:53 pm] Tom Malone: 50% retrace even ?
[03:19:05 pm] Tom Malone: MINI Flat
[03:19:07 pm] Tom Malone: Nice
[03:21:57 pm] Karen InSC: good short tommy
[03:22:01 pm] Tom Malone: TY
[03:22:02 pm] Tom Malone: TY
[03:22:03 pm] Tom Malone: TY
[03:22:11 pm] Tom Malone: getting back to TTT
[03:22:35 pm] Tom Malone: still have the 1650 and 3000 resistance
[03:22:58 pm] Karen InSC: y
[03:23:14 pm] Karen InSC: at least more volume and rotation now
[03:23:36 pm] Karen InSC: volatility ooo scary
[03:35:15 pm] Jersey Girl: earnings tonight crm, shld, p
[03:39:39 pm] Karen InSC: http://www.mrtopstep.com/imbalance/
[03:44:22 pm] Tom Malone: TY
[03:45:06 pm] Tom Malone:
Actual
Consensus
1 Year Ago
Actual Rev
Consensus Rev
Yr to Yr Rev Guidance
Add Event

Aeropostale

ARO

–

-0.17

0.13

444.56

America’s Car-Mart

CRMT

–

0.94

0.97

121.63

Gap

GPS

–

0.69

0.47

3663.57

Infoblox

BLOX

–

0.06

0.05

55.89

Marvell

MRVL

–

0.14

0.23

721.55

Mentor Graphics

MENT

–

0.05

0.30

225.20

New York & Co

NWY

–

-0.06

0.00

216.91

Nordson

NDSN

–

0.84

382.11

Pandora Media

–

-0.10

-0.09

123.96

Ross Stores

ROST

–

1.07

0.93

2525.97

Salesforce.com

CRM

–

0.10

0.37

887.30

Sears Hldg

SHLD

–

-0.60

-0.31

8370.29

Shoe Carnival

SCVL

–

0.40

0.54

228.07

Williams-Sonoma

WSM

–

0.36

0.34

868.12

Zumiez

ZUMZ

–

0.12

0.15

148.14

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[03:46:44 pm] Tom Malone: MRVL our biggest short position
[03:46:53 pm] Tom Malone: MRVL short via Puts
[03:52:39 pm] Jersey Girl: thanks Tom
[03:53:14 pm] Tom Malone: TY
[03:53:17 pm] Tom Malone: Great Job
[03:53:22 pm] Tom Malone: Very good work
[03:53:25 pm] Tom Malone: TY
[03:53:45 pm] Tom Malone: MINI FLAT
[03:54:00 pm] Tom Malone: TRADERS SHORT 100 % DXD 2x DJIA
[03:54:05 pm] Tom Malone: IRA LONG
[03:54:21 pm] Tom Malone: TTT is out and Thankful for y’all and a great week
[03:54:28 pm] Tom Malone: TY for being here
[03:55:37 pm] thomas gall: bullish crm?
[03:55:40 pm] Karen InSC: ty tom
[03:56:16 pm] Karen InSC: http://www.cmegroup.com/tools-information/holiday-calendar/
[03:56:39 pm] Karen InSC: pls send me the chat if you have it
[04:16:30 pm] Tom Malone: CRM
[04:16:35 pm] Tom Malone: is a great company
[04:16:39 pm] Tom Malone: so many shorts

Live chat transcript, FedWed 5-22: TTT Tony the Tiger Day “IT’S GREEEEEEATTTTTT” (to be back to normal!)

Editor — Wed, 22 May 2013 20:31:21 +0000

Tony the Tiger rides the “mama bull”

[09:02:02 am] Tom Malone: Good Morning …some follow thru from yesterdays record breaking run
[09:02:25 am] Tom Malone: we continue to see a Goldilocks market with amazing strength and persistence
[09:02:42 am] Tom Malone: Our indicators have only been here 1x in post world war
[09:02:53 am] Tom Malone: and that was August of 1987
[09:03:14 am] Tom Malone: So my work is not promising for Bulls over the Intermediate term
[09:03:54 am] Tom Malone: but you can’t fight the Fed and they have been trying to puch this thing so much higher ….it will eventually have consequences …but
[09:04:27 am] Tom Malone: we will keep with our RISK indicators for Day Trades and keep our IRA 100% long with 8% stops
[09:04:58 am] Tom Malone: And keep an eye on the A/d line which went – yesterday late on light volume which is usually a poor sign
[09:05:13 am] Tom Malone: we will see if this emotional gap to new record highs holds
[09:13:15 am] Tom Malone: Public
[09:02:02 am] Tom Malone: Good Morning …some follow thru from yesterdays record breaking run
[09:02:25 am] Tom Malone: we continue to see a Goldilocks market with amazing strength and persistence
[09:02:42 am] Tom Malone: Our indicators have only been here 1x in post world war
[09:02:53 am] Tom Malone: and that was August of 1987
[09:03:14 am] Tom Malone: So my work is not promising for Bulls over the Intermediate term
[09:03:54 am] Tom Malone: but you can’t fight the Fed and they have been trying to puch this thing so much higher ….it will eventually have consequences …but
[09:04:27 am] Tom Malone: we will keep with our RISK indicators for Day Trades and keep our IRA 100% long with 8% stops
[09:04:58 am] Tom Malone: And keep an eye on the A/d line which went – yesterday late on light volume which is usually a poor sign
[09:05:13 am] Tom Malone: we will see if this emotional gap to new record highs holds
[09:13:45 am] Tom Malone: Key again today is the internals and the 2:00pm action…will they sell the news ?
[09:15:49 am] sharon stelzl: TY Tom for maintaining your cautious outlook–would rather loseout on some froth then bestuck in a large correction…GM team TTT!
[09:16:26 am] Tom Malone: Absolutely…GREED is abundant
[09:16:47 am] Tom Malone: and today the reaction to the FED will be pretty important
[09:30:35 am] Tom Malone: MINI short 1668.25
[09:30:39 am] Tom Malone: 50%
[09:30:42 am] Tom Malone: No stops
[09:30:57 am] sharon stelzl: Equity only put call–is that accurate?
[09:33:35 am] Jersey Girl: pcln down
[09:43:20 am] Tom Malone: 50% short ES here MINI at 1671.50
[09:43:33 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:43:46 am] Tom Malone: Now 100% short MINI with no stops
[09:45:56 am] Tom Malone: Taking profits on the 2nd traunche here from 1671.50 we will cover here at 1670.00 and still be 50% short MINI
[09:46:13 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:46:36 am] Tom Malone: Stops now on the Remaining 50% are at 1674.50
[09:46:47 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:47:55 am] Tom Malone: TLT Ratesdropping but ES doesn’t mind
[09:48:02 am] Tom Malone: it will go up in any weather
[09:48:15 am] Tom Malone: doesn’t matter …no consequences for weeks now
[09:48:20 am] Tom Malone: Froth and Greed
[09:48:38 am] Tom Malone: best be a trend follower and take profits in here
[09:48:49 am] Tom Malone: and use only special situatons and takeovers
[09:49:07 am] Karen InSC: DD blog post for day http://ttthedge.com/tpp-trade-strategy-for-wed-5-22-13-persistence-until-resistance/
[09:49:58 am] Tom Malone: MINI will take another 50% short here at 1671.75
[09:50:04 am] Tom Malone: Now 100% short
[09:50:13 am] Tom Malone: NO stops on any ES positions now
[09:50:18 am] Tom Malone: Take off stops MINI
[09:50:38 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:50:56 am] Tom Malone: 10Risk Hard Hat Warning # 1 at 1673.00
[09:51:10 am] Tom Malone: again Hard hat warning #1 of the day 1673 ES
[09:52:17 am] Karen InSC: daily R1 is just below YH at 72.75
[09:52:51 am] Karen InSC: DD limit SS 73
[09:53:05 am] Tom Malone: TNGO take off 10%
[09:53:16 am] Tom Malone: TNGO sold in the IRA at the Market
[09:53:25 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:59:23 am] Karen InSC: IRA doing great this month huh Tom?
[10:03:11 am] Tom Malone: Amazing
[10:03:53 am] Tom Malone: Housing news shoots the markets to another record
[10:03:57 am] Tom Malone: amazing moves
[10:04:05 am] Tom Malone: a/d lines follow 2-1
[10:04:26 am] Tom Malone: 1700
[10:04:30 am] Tom Malone: SPX ?
[10:04:32 am] Tom Malone: today
[10:05:03 am] Tom Malone: feels like 99 in a way …we are at 21x earnings for SPX and 46 x RUT PE
[10:05:26 am] Karen InSC: mkt parabolic
[10:05:33 am] Karen InSC: acc to DD
[10:06:03 am] sharon stelzl: Bernanke cannot believe this is good economic policy….
[10:08:58 am] jay 22: TZA nooners stopped @ 30.00
[10:10:42 am] Tom Malone: TY Jay !
[10:11:02 am] Karen InSC: run all the stops before ben starts talking
[10:12:45 am] Tom Malone: NOONERS will get into SQQQ at 10:30 am prices
[10:12:55 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:13:26 am] Tom Malone: Traders will go into Futures market here 50% short ES Futures NO stops at 1681.50
[10:13:39 am] Tom Malone: TRADERS 50% SHORT ES at 1681.50
[10:13:49 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:14:06 am] Tom Malone: SWING SHORT JUNE FUTURES at 1681.50 TRADERS
[10:14:16 am] Tom Malone: NOONERS will go into 3x short QQQ
[10:14:45 am] Tom Malone: Parabolic rise here as the FED puts the Pedal down on Goldilocks
[10:18:10 am] Karen InSC: DD SS 82
[10:20:04 am] Tom Malone: IRA adds 10% Long positions in VMED HST AMAT TTWO HMA TEXCBI
[10:20:15 am] Tom Malone: at 1:30 a.m.
[10:20:17 am] Tom Malone: Prices
[10:20:24 am] Tom Malone: Again IRA will add
[10:20:32 am] Tom Malone: VMED
[10:20:37 am] Tom Malone: HST
[10:20:42 am] Tom Malone: AMAT
[10:20:46 am] Tom Malone: TTWO
[10:20:53 am] Tom Malone: HMA
[10:20:55 am] Tom Malone: TEX
[10:21:01 am] Tom Malone: CBI
[10:21:06 am] Tom Malone: all to the IRA
[10:21:18 am] Tom Malone: at 10:30 am prices
[10:23:08 am] Jersey Girl: my call ym 15700 by end of month… now it will drop
[10:23:10 am] Karen InSC: http://ttthedge.com/chalk-up-another-win-for-the-ira-with-tngo/
[10:32:20 am] sharon stelzl: long tail on TLT down to 117.29 and back up
[10:32:59 am] Tom Malone: does anyone else have their jaw on the ground ?
[10:33:14 am] Tom Malone: or am I the only rookie left ?
[10:33:22 am] sharon stelzl: Fed double-speak going on
[10:36:21 am] Tom Malone: TRADERS 1678.25 TRADERS take sprofits ES
[10:36:30 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:37:54 am] Tom Malone: 10 handles off highs
[10:38:15 am] Tom Malone: NQ 22 handles off
[10:38:18 am] Tom Malone: Hoghs
[10:38:22 am] Tom Malone: Highs
[10:39:22 am] Tom Malone: 50% retrace in Dow
[10:45:36 am] Karen InSC: DD SS again
[10:45:47 am] Karen InSC: 77.75
[10:51:08 am] Karen InSC: http://blogs.marketwatch.com/election/2013/05/22/live-blog-and-video-of-bernankes-testimony-to-congress/
[11:07:18 am] Tom Malone: Very
[11:07:30 am] Tom Malone: much a possible melt up was thwarted ?
[11:07:37 am] Tom Malone: stops all run to 1700 ?
[11:07:46 am] Tom Malone: almost as panic buying resulted
[11:07:55 am] Tom Malone: as I look at my prop inies
[11:08:06 am] Tom Malone: There has NEVER EVER been a top like this
[11:08:10 am] Tom Malone: NEVER EVER
[11:08:20 am] Tom Malone: have we seen these conditions before
[11:08:34 am] Tom Malone: this tells me we have to be very careful
[11:12:43 am] sharon stelzl: somebody seems to think it is a good idea to buy this dip…
[11:12:51 am] Tom Malone: LOL
[11:13:08 am] Tom Malone: for for 20 months !
[11:13:18 am] Tom Malone: amazing stuff
[11:13:38 am] sharon stelzl: but then somebody thought it was a good idea to buy ES at 1685!!!
[11:13:46 am] Jersey Girl: machines are moving it on every word
[11:14:16 am] Jersey Girl: that guy buying 85 was the guy short 82
[11:15:56 am] Tom Malone: Amen
[11:16:00 am] Tom Malone: TY
[11:16:03 am] Tom Malone: Yes
[11:17:52 am] Karen InSC: sassi has 108 tgt on CL by Sept
[11:17:59 am] Karen InSC: he is long via options
[11:42:58 am] Karen InSC: DD: net delta for day suggests new longs
[11:43:11 am] Karen InSC: +25k contracts
[11:45:16 am] thomas gall: what are thoughts on sppi do you think will fill gap
[11:52:02 am] sharon stelzl: that big candle on SPPI suggests it has more to go –watch for it to stay above 8ema line per candlestick theory
[11:54:56 am] sharon stelzl: candlestick forum
[11:55:54 am] Tom Malone: Traders will short 50% ES here at 1679.00 NO STOPS
[11:56:04 am] Tom Malone: TRADERS SHORT 50% HERE
[11:56:30 am] Tom Malone: A/D LINES ARE STILL OKKM
[11:56:36 am] Tom Malone: SO WE ARE OK
[11:56:54 am] Tom Malone: WE HAVE HAD 2 HARD HAT WARNINGS TODAY
[11:57:16 am] Tom Malone: WE CONTINUE TO BELIEVE IT IS A PARABILIC RISE AND JUNE MAY BE A 5% DOWN MONTH
[11:57:22 am] Tom Malone: WE WILL SEE FROM WHERE
[11:57:33 am] Tom Malone: 1700 11750 ??
[11:57:43 am] Tom Malone: BUT THIS IS AMAZIN METS
[11:58:52 am] paul philp: tough to follow TLT today getting sea sick any thoughts on direction especially with the fed today
[12:01:19 pm] paul philp: tks
[12:01:41 pm] sharon stelzl: Is there news on HMA?
[12:02:30 pm] Tom Malone: IT IS A TAKEOVER PLAY
[12:02:36 pm] Tom Malone: BUT I SEE NO NEWS
[12:22:18 pm] sharon stelzl: NYSE A/D line slowly dropping
[12:23:05 pm] sharon stelzl: also IWM chart is not pretty
[12:23:35 pm] Tom Malone: TRADERS TAKING PROFITS COVERING SHORTS AT 1677.00
[12:23:48 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:23:57 pm] Tom Malone: TRADERS OUT OF ES FUTURES
[12:24:02 pm] Tom Malone: FOR NOW WILL REENTER
[12:27:44 pm] sharon stelzl: big negative ticks
[12:31:34 pm] sharon stelzl: looks like a double bottom tail on the TLT?
[12:45:22 pm] Tom Malone: MANIC
[12:45:34 pm] uncle fred: RISKO??
[12:45:48 pm] Tom Malone: 7
[12:45:49 pm] Tom Malone: 7
[12:45:50 pm] Tom Malone: 7
[12:46:47 pm] Tom Malone: TRADERS WILL GO LONG 50% HERE FOR A TRADE 1676.00 STOPS 1672.00
[12:46:54 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:47:19 pm] Tom Malone: TARGET 1680 BOX STOPS 1680 AND 1672.00
[12:47:22 pm] Tom Malone: TY
[01:16:03 pm] Jersey Girl: risk now?
[01:16:58 pm] Tom Malone: 3
[01:16:58 pm] Tom Malone: 3
[01:16:59 pm] Tom Malone: 3
[01:16:59 pm] Tom Malone: 3
[01:16:59 pm] Tom Malone: 3
[01:17:00 pm] Tom Malone: 3
[01:17:14 pm] Jersey Girl: thanks
[01:17:19 pm] Tom Malone: 1672.00SUPPORT
[01:17:26 pm] Tom Malone: WE BREAK THAT 1666.00
[01:17:33 pm] Jersey Girl: ok
[01:17:33 pm] Tom Malone: MY FAVORITE ####
[01:18:08 pm] sharon stelzl: good for the short positions…
[01:18:10 pm] Tom Malone: TRADERS STOPPED ES 1672.00
[01:18:28 pm] Tom Malone: YES
[01:18:37 pm] Tom Malone: SEEMS VERY WHIPPY IN ALL AREAS
[01:18:41 pm] Tom Malone: A/D LINES ?
[01:18:51 pm] Tom Malone: LOOK AT A/D LINES AS WE CLOSE
[01:19:09 pm] Tom Malone: 1.25 NYSE OR LOWER WOULD BE A 2 DAY MAJOR SHORT SIGNAL
[01:19:16 pm] sharon stelzl: IWM staight down again
[01:19:27 pm] Tom Malone: QQQ -
[01:21:03 pm] uncle fred: risko???
[01:21:13 pm] sharon stelzl: look at EOput call ratio–so low while market selling off???
[01:24:50 pm] uncle fred: RISKO???
[01:24:58 pm] Craig Ullery: If DD is monitoring the room, would it be possible to spread the A/D lines chart in lower left cnr?
[01:25:24 pm] Craig Ullery: I’m unable to see where most of them are
[01:28:30 pm] uncle fred: tm see pm….thx
[01:28:56 pm] Craig Ullery: TY
[01:30:23 pm] sharon stelzl: NYSE A/D lines are negative now -1.15
[01:31:00 pm] sharon stelzl: Tom, are we anywhere near a TTT sell signal?
[01:31:52 pm] sharon stelzl: cnbc telling viewers no way a sell could come as Fed to the rescue
[01:32:11 pm] Craig Ullery: VIX just hit multi-week high
[01:32:52 pm] Craig Ullery: Have the indices finally stumbled into the elevator shaft?
[01:34:15 pm] sharon stelzl: 1666 on board
[01:34:28 pm] Tom Malone: 1666
[01:34:54 pm] sharon stelzl: swing long or day trade long?
[01:35:32 pm] Tom Malone: 1668.00 50% LONG TRADERS
[01:35:35 pm] Tom Malone: MINI
[01:35:39 pm] Tom Malone: NOW EXITS
[01:36:04 pm] Tom Malone: 1668.00
[01:36:09 pm] Tom Malone: MINI IS FLAT
[01:36:48 pm] sharon stelzl: stay in SPXU?
[01:37:36 pm] Tom Malone: 1669.50 TRADERS EXITING LONGS
[01:37:44 pm] Tom Malone: SLOW FINGERS
[01:37:50 pm] Tom Malone: WE WILL DO OUR BEST
[01:37:51 pm] sharon stelzl: what is with equity only put call ratio?
[01:38:03 pm] Tom Malone: THIS MARKET IS HARD HAT WARNINGS 5X IN 2 DAYS
[01:38:10 pm] Tom Malone: AND STILL HOLDING 1666.00
[01:40:03 pm] Tom Malone: 1666 THE BIGGEST ##### WE HAVE IS IT SUPPORT ?
[01:44:14 pm] sharon stelzl: yes, but normal with this sell off?
[01:44:17 pm] Craig Ullery: My indicators haven’t worked so well in this Fed-induced mania
[01:44:25 pm] Tom Malone: AGREED
[01:44:49 pm] sharon stelzl: I thought it was frozen
[01:45:02 pm] Tom Malone: COMPLACENCY
[01:45:54 pm] sharon stelzl: this is quite a reversal from this morning outside now
[01:46:09 pm] Tom Malone: ABSOLUTELY
[01:46:15 pm] Tom Malone: NOW WE NEED A COC
[01:46:28 pm] Tom Malone: CHANGE OF CHARACTER I.E. NO 3:30 PM RLLY
[01:46:58 pm] Craig Ullery: There goes 1666
[01:47:59 pm] sharon stelzl: 1661 on oard next
[01:48:07 pm] sharon stelzl: board
[01:50:34 pm] rob ray: long uco 29.33 13:47
[01:51:52 pm] Tom Malone: TY Rob
[01:52:20 pm] Tom Malone: AXP 77.00 is the HIgh of the year
[01:52:25 pm] Tom Malone: AXP puts added
[01:54:34 pm] Tom Malone: MINI 50% long 1665.00
[01:54:42 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[01:54:48 pm] Tom Malone: Stops 1661.00
[01:54:55 pm] Tom Malone: Profits 1669.00
[01:55:02 pm] Tom Malone: BOX long trade MINI
[01:55:23 pm] Tom Malone: Stops in on TRADERS at Break EVEN all positions TRADERS stops Break EVEN
[01:55:32 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[01:55:40 pm] Tom Malone: I think Jay Knows I am back ?
[01:55:43 pm] Tom Malone: TY Jay
[01:55:48 pm] Tom Malone: The best in the world
[01:55:52 pm] Tom Malone: Jay
[01:55:55 pm] Tom Malone: #1
[02:00:10 pm] jay 22: tom, see PM
[02:01:55 pm] sharon stelzl: confusion reigns again
[02:02:54 pm] sharon stelzl: too bad, the market will have to figure it out without clear fed guidance
[02:08:37 pm] sharon stelzl: 1654 ES next?
[02:12:08 pm] Craig Ullery: McClellan oscillator went negative; a close below zero is when he said would indicate the market had turned. Could this be the beginning of the “things could get ugly” period?
[02:13:02 pm] sharon stelzl: good info Craig
[02:13:32 pm] Craig Ullery: Already an almost-30 handle move down from high to low in ES
[02:14:24 pm] sharon stelzl: outside day reversal
[02:14:31 pm] Craig Ullery: How long has it been since we’ve seen that?
[02:15:03 pm] Craig Ullery: Or even thought possible?
[02:15:27 pm] sharon stelzl: ES now down about 10 from globex open
[02:17:48 pm] Craig Ullery: Support in the money bucket?
[02:19:49 pm] Karen InSC: DD looking for SPEC ONLY long
[02:19:51 pm] uncle fred: RISKO????
[02:20:16 pm] Craig Ullery: Where from Karen?
[02:21:46 pm] Karen InSC: he’s watching to see if it holds 57.50
[02:22:00 pm] Jersey Girl: if it holds 57.50 could rally (DD)
[02:22:28 pm] Craig Ullery: TY
[02:22:42 pm] thomas gall: what are your thoughts on crm earnings tomorrow
[02:22:54 pm] Karen InSC: he is L from 57.50
[02:25:22 pm] Karen InSC: not interested in shorts down so low, into tgt zone
[02:25:33 pm] Karen InSC: bragging on his levels
[02:25:39 pm] Karen InSC: they are spot on
[02:26:06 pm] rob ray: added uco 29.05
[02:26:21 pm] Karen InSC: 59 down to 56 would be a valid short although DD not taking it
[02:28:21 pm] Tom Malone: TY
[02:28:23 pm] Tom Malone: TY
[02:28:24 pm] Tom Malone: TY
[02:28:31 pm] Tom Malone: very good dramatic work
[02:28:34 pm] Tom Malone: here today
[02:28:40 pm] Tom Malone: you guys are very good
[02:28:43 pm] Tom Malone: TTT
[02:28:47 pm] Tom Malone: RULEZ
[02:28:50 pm] Tom Malone: and is Back
[02:29:02 pm] Tom Malone: Most $$$$ profits in 5 weeks
[02:29:07 pm] Tom Malone: very nice
[02:29:22 pm] Tom Malone: TRADERS will go to Cash here at 2:30pm
[02:29:32 pm] Tom Malone: TRADERS out at 2:30pm
[02:29:39 pm] Tom Malone: TRADERS will go to CASH
[02:31:32 pm] sharon stelzl: exit SPXU or hold–is this signaling a COC
[02:31:49 pm] paul philp: Tom are the IRA trades you made this am still all buyable?
[02:31:58 pm] paul philp: I missed them
[02:32:02 pm] Tom Malone: Absolutely
[02:32:12 pm] Tom Malone: all are Special situations and Takeovers
[02:32:22 pm] Tom Malone: none are earnings or technical
[02:32:37 pm] Tom Malone: NOK
[02:32:41 pm] Tom Malone: RDN
[02:32:43 pm] Tom Malone: GE
[02:32:48 pm] Tom Malone: VMED
[02:32:51 pm] Tom Malone: SEE
[02:32:54 pm] paul philp: tks
[02:32:55 pm] Tom Malone: HST
[02:32:58 pm] Tom Malone: TTWO
[02:33:01 pm] Tom Malone: HMA
[02:33:04 pm] Tom Malone: ARUN
[02:33:07 pm] Tom Malone: ELLI
[02:33:09 pm] Tom Malone: FB
[02:33:12 pm] Tom Malone: BBRY
[02:33:20 pm] Tom Malone: TNGO we sold up 12 %
[02:33:25 pm] Tom Malone: TY Paul
[02:35:19 pm] sharon stelzl: Do the statistics say more down with a key reversal day?
[02:36:11 pm] Tom Malone: yesesp w a coc
[02:36:29 pm] sharon stelzl: TY
[02:39:00 pm] Tom Malone: and I do believe this is a Change of Character
[02:39:18 pm] Tom Malone: unless the last hour rally gets us above 1666.00
[02:39:44 pm] Tom Malone: Nice job..just got my P/L this week and it is much better news ..hopefully the same for all of you
[02:39:47 pm] Tom Malone: nice work
[02:39:48 pm] paul philp: is that a tweezer bottom on NQ at 2995
[02:39:49 pm] Tom Malone: YES
[02:39:54 pm] Tom Malone: TTT is Back
[02:40:52 pm] sharon stelzl: freefall
[02:41:22 pm] Tom Malone: 26.74 we will take off SQQQ in NOONERS
[02:41:34 pm] paul philp: don’t we usually get a countertrend on FED days
[02:42:16 pm] Craig Ullery: No magenta reversal bars yet
[02:43:04 pm] Tom Malone: e-mail sent
[02:43:12 pm] Craig Ullery: Down almost 60 handles from high NQ
[02:43:14 pm] Tom Malone: Nooners goes to cash at 2:45pm
[02:43:36 pm] Tom Malone: Absolutely great job since Monday return
[02:43:43 pm] Tom Malone: would not back down to Bull
[02:44:00 pm] Tom Malone: we actually beat the greatest Bull in the world for a few hours
[02:44:05 pm] Tom Malone: TYTYTY
[02:47:18 pm] uncle fred: risko reading????
[02:48:27 pm] Tom Malone: 1
[02:48:29 pm] Tom Malone: 1
[02:48:29 pm] Tom Malone: 1
[02:48:29 pm] Tom Malone: 1
[02:48:30 pm] Tom Malone: 1
[02:48:30 pm] Tom Malone: 1
[02:48:31 pm] Tom Malone: 1
[02:48:44 pm] uncle fred: THANK U
[02:49:47 pm] Jersey Girl: HD above $80
[02:50:10 pm] Tom Malone: TY all
[02:50:50 pm] Jersey Girl: getting a ttt buy signal yet?
[02:51:20 pm] Tom Malone: No…but we do have some real good panic type readings for a short term 10 handle pop
[02:51:36 pm] Jersey Girl: ok
[02:51:37 pm] Tom Malone: this is the best mean reversion readings in 5-6 weeks
[02:51:51 pm] Tom Malone: so the selloff was a ….
[02:52:02 pm] Tom Malone: what 35 handles ?
[02:52:35 pm] Tom Malone: 1685.75
[02:52:41 pm] Jersey Girl: 30.75
[02:52:52 pm] Tom Malone: 1653.00
[02:52:53 pm] Craig Ullery: 32.75
[02:53:03 pm] Tom Malone: 32-33
[02:53:03 pm] Craig Ullery: Per TS
[02:53:04 pm] Tom Malone: WOW
[02:53:09 pm] Tom Malone: ENJOYABLE
[02:53:19 pm] Tom Malone: that is what Risk management does
[02:53:32 pm] Tom Malone: I will tell you …I have felt bad about missing some
[02:53:43 pm] Tom Malone: but not as good as making more back
[02:53:50 pm] Tom Malone: It sure feels good
[02:53:54 pm] Tom Malone: Managed accounts
[02:54:01 pm] Tom Malone: TY for sticking with me
[02:54:07 pm] Tom Malone: you guys are all Green
[02:54:13 pm] Tom Malone: and beating the markets
[02:54:16 pm] Tom Malone: WTG
[02:54:21 pm] Tom Malone: support is key
[02:54:25 pm] Tom Malone: you guys are great
[02:54:26 pm] Craig Ullery: I’m going to be tempted to short the snot out of this mkt on any significant retracement
[02:54:34 pm] Tom Malone: TY for your patience
[02:54:50 pm] Tom Malone: Craig …I think you will be rewarded
[02:54:58 pm] Tom Malone: this is a shot across the bow
[02:55:03 pm] Tom Malone: 8-10 down days
[02:55:14 pm] Tom Malone: JUNE will be a TECH WRECK
[02:55:22 pm] Tom Malone: TECH as I CALLED
[02:55:25 pm] Tom Malone: is weak
[02:55:27 pm] Craig Ullery: Just dumped all my puts down here at near BE
[02:55:31 pm] Tom Malone: TY
[02:55:35 pm] Tom Malone: and it feels good
[02:55:42 pm] Tom Malone: just being free to trade ?
[02:55:49 pm] Tom Malone: w/o looking at losses
[02:55:57 pm] Tom Malone: We are honest hard working traders
[02:55:59 pm] Craig Ullery: Amen to that Tom
[02:56:04 pm] Tom Malone: we know what we have been through
[02:56:12 pm] Tom Malone: and what can happen in any market
[02:56:31 pm] Tom Malone: this one is esp tough but even a break even for shorts is a MAJOR win
[02:56:36 pm] Tom Malone: MAJOR win
[02:57:07 pm] Tom Malone: KEY REVERSALS are overrated
[02:57:15 pm] Tom Malone: so be careful on new shorts
[02:57:27 pm] Tom Malone: use 1666.00
[02:57:34 pm] Tom Malone: as a beginning to short point
[02:57:40 pm] Tom Malone: it worked well for me
[03:01:03 pm] Tom Malone: TY
[03:01:11 pm] Tom Malone: 4 risk
[03:01:14 pm] Tom Malone: 4 4 4
[03:01:15 pm] Tom Malone: 4
[03:01:15 pm] Tom Malone: 4
[03:01:15 pm] Tom Malone: 4
[03:01:16 pm] Tom Malone: 4
[03:01:16 pm] Craig Ullery: Yes, 1666 would be 38.2% retracement
[03:01:16 pm] Tom Malone: 44
[03:01:22 pm] Tom Malone: 4
[03:02:04 pm] Craig Ullery: Still no magenta bars on this drop; not finished?
[03:02:06 pm] Tom Malone: Yes FIB right on 1666.00 I do not think we can get above on a close …like I said Monday and Tuesday I think the market had intraday 1-2 % up
[03:04:44 pm] sharon stelzl: Tom, I have lightened my 401K and mutual fund type holdings to about 40%–would you suggest all cash or weather through with a lighter equity position?
[03:04:55 pm] Craig Ullery: Tom, TLT filled a gap from back in March and seems to have support in the 115 handle. If the mkt’s poised to go down, is there a long trade in TLT (short term)?
[03:17:58 pm] sharon stelzl: -1000+ tick
[03:19:41 pm] sharon stelzl: tick reversal up?
[03:19:43 pm] Tom Malone: I do not think so
[03:19:50 pm] Tom Malone: I think Rates are locked now
[03:20:04 pm] Tom Malone: 109.50 -118.50
[03:20:09 pm] Tom Malone: Maybe if we panic
[03:20:17 pm] Tom Malone: but I would avoid long bonds
[03:20:43 pm] Craig Ullery: OK TY
[03:21:05 pm] Craig Ullery: I guess drop is not finished. Chop possibly wave 4, now W5 down to 1646-50?
[03:22:49 pm] Tom Malone: and look for maybe a bounce off
[03:23:16 pm] Tom Malone: BONDS overvalued here but not a long unless we panic
[03:23:26 pm] Tom Malone: which I do not think we will ….yet
[03:23:51 pm] Tom Malone: 35 handle drop in one of the most impressive short term market calls in months
[03:23:56 pm] Tom Malone: Very good stuff
[03:24:08 pm] Tom Malone: Not 1 person believed that this would be the week
[03:24:23 pm] Tom Malone: 8-10 down days and that upside was limited to 1-2 %
[03:24:27 pm] Tom Malone: we called it
[03:24:35 pm] Tom Malone: and now are reaping the rewards
[03:24:57 pm] Tom Malone: 3% off in TF ?
[03:25:00 pm] Tom Malone: from High ?
[03:25:05 pm] Tom Malone: already
[03:25:18 pm] Tom Malone: we missed …I missed TZA by a few hours
[03:25:22 pm] Tom Malone: a few minutes
[03:25:25 pm] Tom Malone: actually
[03:25:31 pm] Tom Malone: got all of SQQQ
[03:26:38 pm] sharon stelzl: tomorrow a bounce back or more selling?
[03:27:55 pm] Tom Malone: Bounce if Europe and China holds less than 1% loss
[03:28:08 pm] Tom Malone: Man look at those QQQ puts kids
[03:28:16 pm] Tom Malone: had 1000 +
[03:28:21 pm] Tom Malone: now 500+
[03:28:26 pm] Tom Malone: really amazing call
[03:29:09 pm] Karen InSC: that water is deep!
[03:29:24 pm] Craig Ullery: McClellan has a cycle bottom pivot Friday but that wouldn’t necessarily preclude a bounce then more selling into it
[03:30:05 pm] Tom Malone: MINI 100% long here at 1648.00
[03:30:15 pm] Tom Malone: stops 1644.00
[03:30:34 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$0 risk
[03:30:39 pm] Tom Malone: 0000000
[03:30:40 pm] Tom Malone: 0
[03:30:41 pm] Tom Malone: 0
[03:30:42 pm] Tom Malone: 0
[03:30:43 pm] Tom Malone: 0
[03:30:43 pm] Tom Malone: 0
[03:30:44 pm] Tom Malone: 0
[03:30:45 pm] Tom Malone: 0
[03:30:45 pm] Tom Malone: 0
[03:30:46 pm] Tom Malone: 0
[03:31:08 pm] Tom Malone: Short term 30 min Buy signal
[03:31:30 pm] Tom Malone: MINI taking profits here at 1649.00
[03:31:38 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:31:41 pm] Tom Malone: MINI flat
[03:31:48 pm] Tom Malone: will reenter
[03:32:10 pm] Tom Malone: MINI 100% long here 1648
[03:32:15 pm] Tom Malone: stops 1644
[03:32:29 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$
[03:35:02 pm] sharon stelzl: Tom, should I consider taking my 401K funds to cash or leave at about 40% invested?
[03:35:58 pm] sharon stelzl: Target on ES aound 1600–5%??
[03:38:23 pm] Tom Malone: Yes 5% from highs
[03:38:37 pm] Tom Malone: and a great bounce then end of the roda for months
[03:38:43 pm] Tom Malone: road
[03:38:53 pm] Tom Malone: 40-60%
[03:39:18 pm] Tom Malone: I am actually adding some exposure from 0% last week to 50% now
[03:39:46 pm] Tom Malone: MINI taking profits here at 1649 MINI Flat
[03:39:55 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:39:59 pm] Tom Malone: Filled 2x
[03:40:09 pm] Tom Malone: on the Standard contract too
[03:40:12 pm] sharon stelzl: I’m sorry–clarify–you are adding to IRA
[03:40:13 pm] Tom Malone: Hay Day !!!!
[03:40:24 pm] Tom Malone: like getting 16 RBI’s in a day
[03:40:40 pm] Jersey Girl: rbi?
[03:40:45 pm] Tom Malone: MY Trust I went to cash last Thursday
[03:40:58 pm] Tom Malone: and added only Specs and takeovers
[03:41:15 pm] Tom Malone: my overall exposure in my trust is now 50% long and 10% short
[03:41:31 pm] Tom Malone: Runs Batted IN baseball lingo !!!
[03:41:37 pm] Tom Malone: alot of trades worked well
[03:41:40 pm] Jersey Girl: ok lol
[03:41:50 pm] Tom Malone: rare to get so many in one day on 3 timeframes
[03:42:00 pm] Tom Malone: but we were due
[03:42:18 pm] sharon stelzl: TY
[03:43:28 pm] Craig Ullery: Magenta bars ES
[03:44:43 pm] Tom Malone: MINI 50% long here 1651.00 stops 1647.00
[03:44:56 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:45:59 pm] Craig Ullery: This looks like as good a place as any to bottom
[03:46:27 pm] sharon stelzl: at least for now
[03:48:16 pm] Tom Malone: 5 risk
[03:48:20 pm] Tom Malone: is high here
[03:48:24 pm] Tom Malone: surprised
[03:48:30 pm] Tom Malone: on such a small boince
[03:50:20 pm] Tom Malone: QQQ puts
[03:50:25 pm] Tom Malone: XLF puts
[03:50:33 pm] Tom Malone: They have never been safer
[03:50:39 pm] Tom Malone: and more ez profits
[03:50:41 pm] Tom Malone: and look
[03:50:45 pm] Tom Malone: I was right
[03:51:13 pm] sharon stelzl: yes, you were right about that–nice profits today
[03:51:50 pm] Craig Ullery: Good call Tom!
[03:52:04 pm] Tom Malone: TY all for staying with me
[03:52:09 pm] Tom Malone: through all the STUFF
[03:52:15 pm] Tom Malone: credit goes to y’all
[03:52:25 pm] sharon stelzl: I even convinced my lighten his IRA funds Fri and Mon–good timing!!!
[03:52:27 pm] Tom Malone: very confident now
[03:52:36 pm] sharon stelzl: my husband
[03:52:37 pm] Tom Malone: haven’t been confident for 5 weeks
[03:52:47 pm] Tom Malone: just to be brutally honest
[03:53:00 pm] Tom Malone: TY Sharon
[03:53:11 pm] Tom Malone: a penny saved is a better night sleep
[03:53:14 pm] Tom Malone: ?
[03:53:47 pm] Tom Malone: MINI Taking profits at 1652.50
[03:53:52 pm] Tom Malone: MINI Flat
[03:53:53 pm] sharon stelzl: yes TY much better sleeping when not worried
[03:53:56 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$
[03:54:00 pm] Tom Malone: AGREE
[03:54:36 pm] uncle fred: No TTT SELL SIGNALL YET correct….
[04:04:45 pm] sharon stelzl: later gator team TTT
[04:06:09 pm] Tom Malone: GREAT
[04:06:11 pm] Tom Malone: GREAT
[04:06:14 pm] Tom Malone: GREAT
[04:06:16 pm] Tom Malone: Job
[04:06:28 pm] Tom Malone: So nice to be back to Normal for a day at least
[04:06:30 pm] Tom Malone: TY all
[04:06:40 pm] Tom Malone: NO BUY NO SELL
[04:06:44 pm] Tom Malone: very neutral
[04:06:47 pm] Karen InSC: this was normal??
[04:06:56 pm] Karen InSC: pls send me the chat someone
[04:06:57 pm] Tom Malone: bias for 1600 over next 10 days

Chalk up another win for the IRA with $TNGO

Editor — Wed, 22 May 2013 14:07:15 +0000

Tom recommended a 10% buy on TNGO in the room two days ago (transcript) …

TPP Trade Strategy for Wed. 5.22.13: Persistence until Resistance!

Editor — Wed, 22 May 2013 13:47:57 +0000

(Today’s blog post from our affiliate room, TradePilot Pro. Original post)

By David Dube

Key “Line in Sand” for Bulls as stated in Tuesday’s trade strategy was 1659.75…Low of Day (LOD) was 1660.00! Bulls defended that level aggressively during day 2 of 3-day Bullish Cycle.

Persistence until Resistance has been the ongoing theme and continues to be until a reversal signal is given. Top pickers (shorts) have continued to fuel to upside daily. Price has gone “parabolic” which is unsustainable, so we remain vigilant for sharp reversal while trading the long-side.

Based upon 3-day Bullish Cycle there is potential to reach upper targets measuring 1681.00. IF prior day high (PDH) is penetrated THEN that upper target is “in-play”. A failure to at PDH would setup an intra-day reversal to retest 1660.00.

Currently Globex Low stands at 1664.75 which is the midpoint of yesterday’s IB Range. This becomes the initial “key marker” support on any pullback. The 2-day range balance point is 1665.00 – 66…Prior Day Close (PDC).

The bullish side must continue to be respected until a clean reversal is given.

Good Trading…David

permalink

FOMC.. It is wind it up Wednesday $ES_F 1676 x 1623

redliontrader — Wed, 22 May 2013 13:25:00 +0000

Today’s Economic News:

All eyes on FOMC today. That can have a reversing effect so there is opportunity there. Existing homes at 10am, they have been bullish. Let’s see if we can string that together.

Quote of the Day:
It is better to suffer wrong than to do it, and happier to be sometimes cheated than not to trust
–Samuel Johnson

Featured Breadth Chart of the Day:

We mentioned yesterday that the terrific-Tuesdays was a great day for the bulls to correct some of these breadth issues. They did not, and in fact the Zweig is even worse today.

We watch for price weakness and for the number of New Highs to come off as further indication .

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1676
Long: 1623

OK.. What is the pattern again? Monday hold, Tuesday Thrust, Wednesday follow through..

We are making weaker and weaker highs and when that pattern will stop of course we don’t know, but the number of stocks hitting their 52 week new highs is now at 417 and that is a very large and strong number. We still have entrenched bullish sentiment.

Meanwhile look at the 40 DPI below, there are issues that are slipping away in here. They will either rotate back in at some point to become leaders and take us higher or if too many join the group we will begin, finally, to see the price action reverse. For now we live in a market that gives us only 0.5% pull backs.

For today, we like just a bit higher holding, that scares us though as we tend to tighten up going into FOMC statement and then break out so careful around 2pm ET. We continue to look for developing a 3% pullback, hence we are chasing higher with price and now sit at 1623 on the downside.

I am putting the finishing touches on an Indicator to help trade Mark Fisher’s ACD system. This is an opening range breakout system that uses unique values per symbol to establish a buy-above or sell-below range. I have not traded the system so I am not sure of its efficacy, but like all GOOD systems it does put definition and maps the market to help you seek out entries, risks and exits. To me those are the most important things in a system, as it allows the brain to process in a logical manner what it sees and then to sharpen the recognition of successful setups and not so successful.

Mark will be doing a live webinar tomorrow at 9:00am ET where he will trade the opening range. I am only book taught on the ACD so it will be very interesting to see the inventor trading it. I hope you can attend. Reserve your seat here

Comments about the Front US Dollar DX futures contract:

The dollar is actually making a head and shoulders top in here and we need to watch that. A break of the 83.70 area would take us back to 83. We want that neckline to hold and see a reversal out and a move up to the 85 area. Maybe today’s FOMC is just the thing to do it.

Comments about TLT (Twenty year Bond ETF):

Thus far our higher low is set, not onto a higher high. 116 not broken.. that is good.

>>> Follow us @redliontrader<<<<<

Breadth Charts in Full :

Zweig Breadth Thrust:

Bearish Divergence

Cumulative Volume Index:

Bullish

Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):

Bearish Divergence (Note that I just noticed that the title to the graph had the word below. That is of course incorrect. This chart is the number of stocks trading above their 40 day moving average. So currently we have 74%. At the beginning of May it was closer to 80%, so despite higher indexes there are symbols slipping below the surface.. that makes this indicator divergent).

New Highs / New Lows ratio chart :

Still amazing.. and I won’t be convinced of a turn until this one turns.

Trenders :

Short Term Trender - McClellan Summation Index:

Continuing to flag building weakness.

Long Term Trender - Cumulative 4-week Highs – Lows (the fat lady):

As happy as a cat on a tuna boat.

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. RedlionTrader.com, its officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. RedlionTrader.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

TTTH live chat, 5-21 (19th up Tuesday): And the beat goes on

Editor — Tue, 21 May 2013 23:01:38 +0000

Video for the day: Sonny & Cher – The Beat Goes On (live)

[09:14:52 am] Jersey Girl: david Dube, persistance till resistance
[09:15:34 am] Karen InSC: an original trading rhyme, i thought there were none left
[09:24:22 am] Tom Malone: Public
[08:53:12 am] Tom Malone: Good morning …we have major resistance at 1666 ES and 1000 RUT
[08:53:43 am] Tom Malone: I think it is finally time for a 5% type pull back over the next 6 weeks
[08:53:53 am] Tom Malone: But the Bulls still firmly in control
[08:54:22 am] Tom Malone: as the power of the move creates for months and years a Strength begets strength BULL
[09:14:49 am] Jersey Girl: david Dube, persistance till resistance
[09:15:31 am] Karen InSC: an original trading rhyme, i thought there were none left
[09:26:13 am] Karen InSC: gm
[09:26:26 am] Karen InSC: TPP blog post for today: watching for H&S
[09:26:28 am] Karen InSC: http://ttthedge.com/tpp-trade-strategy-for-tues-5-21-13-potential-hs-top-on-60-min-chart/
[09:30:21 am] Tom Malone: MINI because of the streak…will go long here at ES 1165.00
[09:30:34 am] Tom Malone: 1665.00 50% long
[09:30:41 am] Tom Malone: stops 1661.00
[09:30:54 am] Tom Malone: MINI is 50% long stops 1661.00
[09:31:44 am] paul philp: Baosteel in Shanghai to cut production by 30% steels will be interesting today
[09:33:04 am] Karen InSC: sweet
[09:33:39 am] Karen InSC: probably quickest 3 handles of the day
[09:33:46 am] Jersey Girl: x is up
[09:34:04 am] Karen InSC: joe ss 68
[09:39:15 am] Karen InSC: audio?
[09:40:27 am] sharon stelzl: TY Paul for the China asteel input–decided to exit WLT for a nice 5% profit
[09:43:07 am] paul philp: yw seems to be having a psoitive effect on AKS & X both up 3% and some option vol. very interesting
[09:43:51 am] Karen InSC: ty, you guys ever look at weekly/monthly average range for tgts?
[09:44:15 am] Karen InSC: joe hard stop 70 quarter
[09:48:16 am] sharon stelzl: Karen–my decisions are a total of everything that comes to my attention. I do follow weekly, monthly and yearly targets but do not always use them in an decision.
[09:48:41 am] Tom Malone: MINI will take profits here at 1668.00
[09:48:48 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:48:51 am] Tom Malone: MINI Flat
[09:49:00 am] Tom Malone: Hard Hat areas again here
[09:49:12 am] Tom Malone: ************************************************************************************
[09:49:28 am] Tom Malone: Again we are only taking new positions in spec plays
[09:49:46 am] Tom Malone: 10 RISK
[09:50:44 am] Karen InSC: replay of yday? bang against ceiling till it breaks?
[09:51:12 am] Karen InSC: 69 is 3-day R1
[09:51:48 am] thomas gall: what are your thoughts on/zb
[09:52:40 am] Jersey Girl: ym at yestday high
[09:53:25 am] Karen InSC: joe flattened at 68.75
[09:53:32 am] Karen InSC: “market is a beast”
[09:53:44 am] uncle fred: agg 1670SS
[09:55:53 am] Tom Malone: MINI ES will short 50% here
[09:55:59 am] Tom Malone: 1169.50
[09:56:08 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:56:16 am] Tom Malone: Filled and short with no stops
[09:56:52 am] paul philp: any target on TLT for friday
[09:57:13 am] Tom Malone: 115.75
[09:57:16 am] Tom Malone: Friday
[09:57:20 am] paul philp: tks
[09:57:20 am] Tom Malone: TLT
[09:58:39 am] Tom Malone: MINI Taking profits here at 1668.50 $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:59:01 am] Tom Malone: Sorry on Audio …still working from facility
[10:00:23 am] Tom Malone: VERY RISKY DAY TRADE
[10:00:29 am] Tom Malone: Any Longs
[10:00:36 am] Tom Malone: Key reversal type day down
[10:01:49 am] uncle fred: RF 68
[10:02:25 am] Karen InSC: joe seeing distribution, watching vix go up
[10:02:56 am] Karen InSC: feels the market is entering distribution phase that could last weeks
[10:03:16 am] Karen InSC: still have to trade price intraday
[10:04:12 am] Tom Malone: MINI will short 50% here at 1669.00
[10:04:18 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:04:29 am] Tom Malone: No stops
[10:05:26 am] Karen InSC: mkt stopped at R1 yday and reversed at R1 today (so far)
[10:05:34 am] Karen InSC: daily R1 70.25
[10:06:09 am] Karen InSC: yday R1 was 70.50 and hod was 70.75
[10:06:34 am] Tom Malone: MINI Taking profits here at 1668.00 MINI Flat $$$$$$$$$$$$$$$$$
[10:06:46 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$ All filled and flat
[10:07:27 am] Karen InSC: in TPP they are saying sign of mkt stop is that they are running up dreck stocks like solars now
[10:07:33 am] Karen InSC: mkt TOP
[10:08:51 am] Karen InSC: nothing left to run up
[10:09:03 am] uncle fred: feed   some moore…..
[10:09:36 am] sharon stelzl: Pres. speaking about OK tragedy
[10:09:55 am] Karen InSC: first supp 66.50
[10:09:58 am] Tom Malone: will 1666 become support……..
[10:10:03 am] Tom Malone: i hope not
[10:10:18 am] Karen InSC: next 65
[10:10:33 am] Karen InSC: 3-day pivot 63.50
[10:10:49 am] Karen InSC: go tom, go uncle
[10:11:52 am] Karen InSC: but if 66 regained, 70+ could be in cards again
[10:12:10 am] Tom Malone: but hope not a great strategy …esp in a FED BULL
[10:12:21 am] Tom Malone: lost 1666.00
[10:12:28 am] Tom Malone: very good call
[10:12:30 am] uncle fred: that a gurl…..
[10:12:31 am] Tom Malone: nice work
[10:12:40 am] Tom Malone: MINI LONG here
[10:12:42 am] Karen InSC: fedspeak
[10:12:44 am] Tom Malone: 1663.50
[10:12:52 am] Tom Malone: MINI LONG 50%
[10:13:02 am] Tom Malone: MINI long 50% stops 1660.00
[10:13:44 am] sharon stelzl: ES has support at 1661 if it gets there
[10:13:48 am] Tom Malone: yes
[10:14:37 am] sharon stelzl: Tom, did your indicators give you a target for VXX?
[10:16:49 am] Tom Malone: Yes a 18% gain from Fridays lows
[10:17:39 am] sharon stelzl: TY
[10:25:04 am] uncle fred: FEEDn 62′s
[10:26:52 am] sharon stelzl: couldthis be setting up for an outside reversal day??
[10:28:18 am] Karen InSC: at market edge here
[10:28:23 am] Karen InSC: will react
[10:39:10 am] Karen InSC: long compression coming in
[10:39:13 am] Karen InSC: look at syncs
[10:41:37 am] Karen InSC: see the green tips on the syncs now?
[10:42:58 am] uncle fred: L62
[10:47:22 am] Tom Malone: 10% QQQ puts
[10:47:43 am] Tom Malone: Jan 2014 80 puts are very safe and a possible 50% gain
[10:47:48 am] uncle fred: punt….62 flat
[10:47:54 am] Tom Malone: tech cannot provide the growth
[10:48:33 am] Tom Malone: TRGP
[10:49:08 am] Tom Malone: 64.25 stop
[10:49:17 am] Tom Malone: possible takeover stock
[10:54:20 am] paul philp: TLT pushing up
[10:54:40 am] Tom Malone: Yes….should be OKwe got close to target
[11:06:17 am] Tom Malone: BOX stops 1660 -1666
[11:06:25 am] Tom Malone: take profits at 1666.00
[11:06:31 am] Tom Malone: stops at 166000
[11:07:36 am] uncle fred: risko??
[11:07:41 am] Tom Malone: 5
[11:07:42 am] Tom Malone: 4
[11:07:42 am] Tom Malone: 5
[11:07:43 am] Tom Malone: 5
[11:07:43 am] Tom Malone: 5
[11:07:44 am] Tom Malone: 5
[11:07:44 am] Tom Malone: 4
[11:07:44 am] Tom Malone: 4
[11:07:44 am] Tom Malone: 5
[11:07:45 am] Tom Malone: 4
[11:07:45 am] Tom Malone: 55
[11:07:46 am] Tom Malone: 5
[11:07:46 am] Tom Malone: 4
[11:08:06 am] Tom Malone: 1666-68 should get hard hat warning
[11:16:33 am] Tom Malone: European close upcoming
[11:24:01 am] sharon stelzl: who is buying TLT?
[11:29:45 am] Tom Malone: Early asset allocation move
[11:31:04 am] Karen InSC: we’re now below midpoint though
[11:31:29 am] Karen InSC: famous last words
[11:31:31 am] Tom Malone: Yep …profit taking will start to roller ball into next week if I am correct
[11:31:41 am] Tom Malone: Yes…..
[11:31:54 am] Tom Malone: every Bear will have called the top….
[11:32:04 am] Tom Malone: for 3 months in a row !
[11:32:07 am] Tom Malone: and 100 times
[11:32:10 am] Karen InSC: 5m avg for today is 66.75
[11:32:31 am] Tom Malone: 1665.50 MINI taking off
[11:32:34 am] Tom Malone: MINI Flat
[11:32:38 am] Tom Malone: 1665.50
[11:32:41 am] Tom Malone: Risk
[11:32:44 am] Tom Malone: 8888888
[11:32:46 am] Tom Malone: 88888
[11:32:48 am] Tom Malone: 8
[11:32:49 am] Tom Malone: 8
[11:32:50 am] Tom Malone: 8
[11:33:03 am] Tom Malone: we hit our 1666.00 resistance
[11:33:09 am] Tom Malone: target hit and filled
[11:33:24 am] Tom Malone: and now we will see how much the Europeans will hold us up
[11:33:31 am] Tom Malone: into 12:45pm
[11:34:49 am] Karen InSC: DD and others in TPP shorting 66 area
[11:35:14 am] Karen InSC: uncle is short, i know that’s hard to believe
[11:35:47 am] Tom Malone: XLF puts 20.00 to Jan 2014
[11:35:52 am] Tom Malone: recommended
[11:42:43 am] sharon stelzl: Tom, if I buy the Jan XLF put is my total risk capped at the cost of buying the option or is it something else?
[11:43:05 am] Karen InSC: risk is option price
[11:43:09 am] Karen InSC: you could spread it off
[11:44:14 am] Karen InSC: https://www.fidelity.com/viewpoints/bear-put-spread
[11:52:34 am] Tom Malone: EXACTLY SHARON
[11:53:42 am] sharon stelzl: buy 21 or 20?
[11:53:57 am] Karen InSC: you can sell monthly or weekly puts at lower strikes against those
[11:54:49 am] Karen InSC: just like selling against stock position
[11:55:22 am] Tom Malone: 1666 exactly on balance here
[11:56:42 am] sharon stelzl: Tom, do you feel more strongly about buying the QQQ or XLF puts?
[11:56:55 am] Tom Malone: QQQ
[11:57:00 am] Tom Malone: and XLF 2nd
[11:57:04 am] sharon stelzl: TY
[11:57:12 am] Tom Malone: QQQ more volatile …have to be alert
[11:57:19 am] Tom Malone: XLF set it and foget it
[11:57:31 am] Tom Malone: XLF very easy
[11:57:43 am] Tom Malone: QQQ very tricky unless DEEP in the money
[11:57:52 am] Tom Malone: I expect a poor month for Tech JUNE
[11:59:34 am] sharon stelzl: OK–buying my second option ever–XLF put
[12:00:04 pm] Tom Malone: YEAH
[12:00:52 pm] Tom Malone: HLF
[12:00:55 pm] Tom Malone: Halted
[12:01:03 pm] Tom Malone: 440 AAPL
[12:01:07 pm] Karen InSC: DIE HLF
[12:01:11 pm] Tom Malone: yes
[12:02:31 pm] Tom Malone: MINI 50% short here 1667.00 stops none 50% MINI
[12:02:40 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:02:43 pm] Tom Malone: no stops
[12:04:39 pm] sharon stelzl: Tom, I put in an order for the XLF put at the ask and it hasn’t filled–is that normal?
[12:07:07 pm] sharon stelzl: nevermind–it filled
[12:11:30 pm] Karen InSC: options fluctuate a lot
[12:15:18 pm] paul philp: WFT big Jan 2014 trade looks like 20k puts sold and 15/16 calls bought interesting
[12:20:07 pm] sharon stelzl: GS giving UP targetson ES for next 3 years–they must be getting ready to short the market after the rest of Homer and Marge buy it up
[12:23:33 pm] Tom Malone: 50% short here NQ in MINI at 3026.50
[12:23:41 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[12:23:50 pm] Tom Malone: stops 3032.50
[12:24:12 pm] Tom Malone: HLF up 3%
[12:24:28 pm] Tom Malone: NYSE a/d sell signal
[12:24:33 pm] Tom Malone: VS DJIA
[12:27:56 pm] sharon stelzl: big tick divergence and TLT up
[12:33:07 pm] sharon stelzl: Is that some kind of a doubletop on the ES or is it wishful thinking?
[12:35:44 pm] sharon stelzl: Tom, do you have any thoughts on WFT???
[12:41:08 pm] Karen InSC: DD SS 68
[12:41:50 pm] Karen InSC: tom is at lunch right?
[12:55:04 pm] Tom Malone: WFT
[12:55:07 pm] Tom Malone: is a SELL
[12:55:29 pm] Tom Malone: I do not think it can be a takeover and has 0 for earnings in this environment
[12:55:38 pm] Tom Malone: I have it on a long short list
[12:55:42 pm] Tom Malone: WFT
[12:56:20 pm] sharon stelzl: TY–just wondered as Paul saw a lot of Jan options being bought
[12:57:30 pm] Tom Malone: I think that could be a ARB type hedge …really hard to tell
[12:57:38 pm] Tom Malone: I would not think it is real
[12:59:20 pm] Tom Malone: UNG Nat Gas ramping
[12:59:32 pm] Tom Malone: good buy programs in NQ
[12:59:37 pm] Tom Malone: short covering
[01:00:00 pm] Tom Malone: 3032.50 stops NQ
[01:00:15 pm] Tom Malone: No stops ES
[01:00:20 pm] Tom Malone: yet
[01:00:39 pm] Tom Malone: The Ben Bernanke Show
[01:01:04 pm] Tom Malone: WSJ reports …again….FED will hold Pat at 80-890 BLN per month
[01:01:11 pm] Tom Malone: For crying out loud ?
[01:01:19 pm] Tom Malone: sn’t this a bit excessive ?
[01:01:41 pm] Tom Malone: I guess another year or two ….of balance shetts in the multi trillions
[01:01:48 pm] Tom Malone: can the Fed go broke ?
[01:01:53 pm] Tom Malone: absolutely not
[01:02:02 pm] Tom Malone: can we have bubbles and inflation
[01:02:06 pm] Tom Malone: absolutely
[01:02:18 pm] sharon stelzl: only buying paper to print on–the poor trees
[01:02:25 pm] Tom Malone: are we on the most dramatic ascension in US history …close
[01:02:47 pm] Tom Malone: History made daily
[01:02:54 pm] Tom Malone: Bonds rally due to low rates
[01:03:02 pm] Tom Malone: stocks rally due to low rates
[01:03:09 pm] Tom Malone: commodities hold on for a move
[01:03:14 pm] Tom Malone: money is all over
[01:03:21 pm] Tom Malone: so why not spend it ?
[01:03:36 pm] Tom Malone: Dang….it is amazing for a market watcher
[01:03:50 pm] Tom Malone: 10 RISK HARD HAT WARNING IN EFFECT again 2x
[01:03:57 pm] Tom Malone: 1669.00
[01:04:09 pm] Tom Malone: still do not think we can close above 1666
[01:04:21 pm] Tom Malone: if we do …my crystal balls are shot
[01:04:56 pm] Jersey Girl: crystal ball seems a little hazy lol
[01:05:47 pm] sharon stelzl: must be close to challenging TF 1000 again…
[01:06:12 pm] Jersey Girl: yeah 998
[01:08:10 pm] Jersey Girl: rumor…aapl buying tesla
[01:08:50 pm] jay 22: ERY in traders hit the -4% stop
[01:09:04 pm] sharon stelzl: are we at another new high yet?
[01:09:55 pm] greg e: big vol break out, mkt wants higher!
[01:12:22 pm] Tom Malone: NQ MINI stopped 32.50
[01:12:31 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[01:13:18 pm] Tom Malone: SPXU replaces ERY in Traders
[01:13:22 pm] Tom Malone: TY JAY
[01:13:34 pm] Tom Malone: 22.17
[01:13:57 pm] Tom Malone: Traders stopped ERY into SPXU
[01:14:01 pm] Tom Malone: 22.17
[01:14:29 pm] Tom Malone: MINI adding 50% short here at ES 1670.00
[01:14:36 pm] Tom Malone: now 100% short
[01:14:38 pm] Tom Malone: ES
[01:14:46 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[01:14:58 pm] Tom Malone: Stop hunters
[01:15:15 pm] Tom Malone: last of shortcovering from the early morning weak shorts
[01:15:19 pm] Tom Malone: we will see
[01:22:19 pm] Karen InSC: was that aapl rumor for real?
[01:24:36 pm] Jersey Girl: benzinga reported it but I doubt that appl would consider tsla
[01:26:32 pm] Karen InSC: red sez true range for week 1678.75-1636-25
[01:27:34 pm] sharon stelzl: Consider that GOOG is working on a driverless car–the AAPL rumor sounds plausible but TSLA is down 2.25% today
[01:28:10 pm] Karen InSC: goog cars can already drive better than 99% of the population
[01:28:59 pm] Jersey Girl: I want one of those cars, it would be great for long trips, set it and forget it
[01:29:41 pm] Karen InSC: they probably get good mileage too
[01:30:51 pm] sharon stelzl: The problem with all this technology is that eventually there will be no need for most of us–just a few priveledghed leaders and a bunch of robots….
[01:32:27 pm] Tom Malone: absolutely
[01:32:32 pm] Tom Malone: rise of the machines
[01:32:40 pm] Tom Malone: but remember the BEAR
[01:32:48 pm] Tom Malone: we screamed the bears were nuts
[01:32:53 pm] Tom Malone: it is a new world
[01:33:09 pm] Tom Malone: of new ways of central bank intervention and HFT
[01:33:22 pm] Tom Malone: it is useless to put a indicator on this market
[01:33:34 pm] Tom Malone: never in my career have so many been so wrong
[01:33:51 pm] Tom Malone: I think the 80-83 era was sentiment wise like this
[01:34:04 pm] Tom Malone: where no one believes but Wall St jumps on
[01:34:25 pm] Tom Malone: we will see if it makes 1700 w/o a 25% correction like 19787
[01:40:42 pm] sharon stelzl: I honestle believe that Bernanke knows that if he stopsttthis market will crump big time
[01:43:40 pm] sharon stelzl: look @ that see-saw blue line with the ticks
[01:45:22 pm] sharon stelzl: does anyone know if GS is buying or selling with their new prediction of EWS 1900 by 2015?
[01:45:31 pm] sharon stelzl: ES
[01:46:22 pm] Tony Pretto: anyone thowing anvils yet?
[01:47:40 pm] sharon stelzl: just tossing anvils at my computer so far….
[01:48:50 pm] Tom Malone: LOL
[01:49:09 pm] Tom Malone: it is very frustrating …let’s see the NYSE a/d line on the close
[01:49:22 pm] Tom Malone: and see if it gives a further divergent signal ?
[01:49:47 pm] Karen InSC: DD thinks sideways action is to sucker in buyers, all that was short covering
[01:49:47 pm] Tom Malone: that was a good Bull market blow out short stops rally to all time highs
[01:49:55 pm] Tom Malone: we will see if it continues
[01:54:06 pm] Tom Malone: 1:56 pm Hedge Fund time
[01:58:33 pm] uncle fred: no charts….
[02:04:07 pm] TTT Hedge: charts now?
[02:04:15 pm] Tom Malone: I think the game was called on account of being unfair ?
[02:04:34 pm] Tom Malone: TTT HARD HAT WARNING BACK IN EFFECT
[02:04:56 pm] Tom Malone: 1672 should close 1666 to get risk to neutral
[02:11:04 pm] TTT Hedge: from your lips Tom…I’m stillshort
[02:23:07 pm] sharon stelzl: Market must be getting ready to turn because I am wanting to dump my whole portfolio….!!!! LOL
[02:29:47 pm] Jersey Girl: maybe some profit taking will come in before the long weekend
[02:30:18 pm] Tom Malone: YES
[02:31:05 pm] sharon stelzl: How prophetic…
[02:34:50 pm] sharon stelzl: VXX is still positive!!!
[02:35:20 pm] sharon stelzl: from yesterday and did notmake new lows with new ES highs
[02:42:41 pm] uncle fred: S70.75
[02:45:57 pm] sharon stelzl: The only thing with thinking that this time it is different is that greed and fear don’t change……
[02:46:50 pm] uncle fred: RF ES……
[03:04:43 pm] Tom Malone: Yes GREED
[03:04:49 pm] Tom Malone: is in 100% control
[03:05:06 pm] Tom Malone: put buying keeps the VIX +
[03:11:49 pm] uncle fred: Do we have a POMO this week???
[03:14:10 pm] Tom Malone: 3 sessions I believe NYFED BUYING
[03:14:21 pm] Tom Malone: Small amounts
[03:14:24 pm] Tom Malone: Not huge
[03:21:26 pm] uncle fred: risko??
[03:30:16 pm] Tom Malone: % ^
[03:30:19 pm] Tom Malone: 5
[03:30:20 pm] Tom Malone: 6
[03:30:22 pm] Tom Malone: 6
[03:30:24 pm] Tom Malone: 5
[03:30:24 pm] Tom Malone: 5
[03:30:25 pm] Tom Malone: 5
[03:30:25 pm] Tom Malone: 5
[03:30:26 pm] Tom Malone: 5
[03:31:50 pm] Tom Malone: 50% cover ES MINI here
[03:31:53 pm] Tom Malone: 1668.50
[03:31:59 pm] Tom Malone: now 50Short
[03:32:09 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:32:37 pm] Tom Malone: we will cover last 50% at 1666 or the 4:15pm Close
[03:32:47 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:44:21 pm] sharon stelzl: exit VXX – 2.5%–limiting risk
[03:44:33 pm] sharon stelzl: UP 2.5%
[03:45:52 pm] Tom Malone: UP
[03:45:54 pm] Tom Malone: Nice
[03:45:59 pm] Tom Malone: TY Sharon
[03:47:54 pm] sharon stelzl: That could be a 5 min H&S on ES breaking neckline now
[03:54:03 pm] Tom Malone: Actual
Consensus
1 Year Ago
Actual Rev
Consensus Rev
Yr to Yr Rev         Guidance
Add Event

Analog Devices

ADI

–


0.52

0.53

660.36





Compuware

CPWR

–


0.05

0.12

239.68





Dycom

DY

–


0.17

0.28

410.20





Intuit

INTU

–


2.93

2.51

2179.82





NetApp

NTAP

–


0.68

0.66

1756.98

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[03:58:13 pm] Tom Malone: 1666.00 we will close the MINI for today
[03:58:25 pm] Tom Malone: Or on the 4:15pm close
[03:58:28 pm] Tom Malone: MINI FLAT
[03:58:32 pm] Tom Malone: IRA 100% Long
[03:58:37 pm] Tom Malone: Traders Short
[03:58:47 pm] Tom Malone: WE will see you tomorrow a.m.
[03:59:08 pm] Tom Malone: Hang in there and enjoy the Spring weather ..TY for trading with me today
[03:59:10 pm] Tom Malone: TTT
[03:59:30 pm] sharon stelzl: later gators–stay safe if it osstorming where you are…
[03:59:39 pm] Karen InSC: thank you
[03:59:46 pm] Tom Malone: Absolutely …Give to the RED CROSS
[03:59:49 pm] Tom Malone: In OK
[04:00:02 pm] Tom Malone: TY and please let me know if you need anything
[04:00:08 pm] Tom Malone: on avg DJIA
[04:00:30 pm] Tom Malone: Tuesdays up 19 in a row
[04:00:46 pm] Tom Malone: Shocking …never will see this occur again
[04:01:45 pm] Tom Malone: TY all
[04:01:50 pm] Tom Malone: and Goodnight
[04:01:55 pm] Tom Malone: TY DD and Karen
[04:01:59 pm] Tom Malone: TY Team
[04:02:06 pm] Tom Malone: we are back to full strength
[04:02:16 pm] Tom Malone: 19 straight Tuesdays
[04:03:16 pm] sharon stelzl: Fed double speak by Dudley?? may increase or decrease as outlook is unclear
[04:06:35 pm] Tom Malone: true
[04:06:58 pm] Tom Malone: I think they know this is getting excessive but once they take the training wheels
[04:07:00 pm] Tom Malone: off
[04:07:05 pm] Tom Malone: the market tanks
[04:07:07 pm] Tom Malone: 25%
[04:07:12 pm] Tom Malone: 2 years ago
[04:07:18 pm] Tom Malone: 10 % last year
[04:07:27 pm] Tom Malone: now with monthly $$$$$
[04:07:37 pm] Tom Malone: no corrections = Fun for Bulls
[04:07:49 pm] Tom Malone: Very low volume – breadth day
[04:08:11 pm] Tom Malone: 1666.00 hit and closed ?
[04:08:15 pm] Tom Malone: ?
[04:08:19 pm] Tom Malone: We will see
[04:08:23 pm] Tom Malone: by 4:15pm
[04:08:28 pm] Tom Malone: some went
[04:08:45 pm] Tom Malone: Good job today
[04:08:57 pm] Tom Malone: CL
[04:09:03 pm] Tom Malone: dropping fast
[04:09:18 pm] sharon stelzl: I think that I just found afterhours trading on my IRA–wonder why they did not put it out in plain site for this computer challenged person to find?
[04:09:54 pm] sharon stelzl: ELLI recovered today 22.69–nice
[04:11:37 pm] TTT Hedge: We covered shorts into 66 handle at close
[04:21:56 pm] Karen InSC: nice short

TPP Trade Strategy for Tues. 5.21.13: Potential H&S Top on 60 min chart

Editor — Tue, 21 May 2013 13:13:04 +0000

(Blog post for today at our affiliate futures trading room, TradePilot Pro)

May 21, 2013 David Dube

Yesterday’s trade strategy played out nicely as price broke out from Friday’s high propelling it up into the Money Box and upper X-Zone where the reversal began. The average decline anticipated from the high measured between 8 – 12 handles hit squarely near 10 handles…Perfect

The 60 min chart has the look of a Head & Shoulders Pattern forming…Prior Day Low (PDL) marked at 1659.75 will be key “line in sand” for bulls. Break of PDL with momentum projects lower targets 1658.50…1654…1651 – 48 zone. On the upside, if price action regains 1666 and holds, then retest of 1670 handle becomes in-play.

Remain flexible to either scenario…Trade what “is happening”, not your bias…Profits continue to be made by those traders disciplined in their trading methodology.

Good Trading…David

So this is Tuesday.. and what we will do? $ES_F 1674 x 1621

redliontrader — Tue, 21 May 2013 12:35:00 +0000

Today’s Economic News:

We don’t like negative inflation numbers, no matter what, and the material side of production is seeing deflation. That has us striping some numbers red this AM.   Still no big numbers today in the US.

Quote of the Day:
A great many people think they are thinking when they are merely rearranging their prejudices.
–William James

Featured Breadth Chart of the Day:

And so this is Tuesday. And what have we done? Another week over and a new one has begun. And so this is Tuesday I hope you’ve been long, I don’t think its over, but the Zweig says not long.

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1674
Long: 1621

A “Holding Monday”?, check.

A Trending Tuesday or Terrific Tuesday or Thrusting Tuesday is now on deck. By now you know the Tuesday phenom as you have either made a ton of money on Tuesdays, or been slapped or been a spectator. That Tuesday record is up for a test today and our breadth indicators, while some remain in bearish divergent mode, are all correctable with a decent move today. So the bulls have something to prove here.

A good bullish move would take us up and over 1674 and hold. If we hit 1674 and fold today that would be a sign that the first spear in the bull’s neck is starting to work. Our downside correction target has moved up to 1621 now.

PROGRAM NOTE:

I have been working hard on a couple of new products over the past month and been very very busy. Some of those products will be announced in the next week or so and I will keep you informed.

On Thursday, the MrTopStep group is hosting a special webinar, live trading session with Mark Fisher. Mark will be trading and talking about how to trade using his ACD trading methodology. I will have a NinjaTrader indicator available also that helps mark the ACD trading zones and bands. There is limited seating so make sure you register and get their early, it should be pretty popular, everyone likes to watch a trader trade live, right? It is like watching Nascar.

Here is more information: Mark Fisher Trades Live!

Comments about the Front US Dollar DX futures contract:

Dollar did not complete that iHNS target and we are back dancing around the necklace. Still looks bullish in here we would expect one more zig than zag before breaking out above 85.50.

Comments about TLT (Twenty year Bond ETF):

We like TLT long here, but it has to hold that 116 area.

>>> Follow us @redliontrader<<<<<

Breadth Charts in Full :

Zweig Breadth Thrust:

Zweig is telling us something here and Tuesday is a big test.. lots of pressure on a 18:1 stat.

Cumulative Volume Index:

Volume looks happy.

Number of NYSE issues trading above their 40 day moving average (40DPI):

Bearish divergence correcting.

New Highs / New Lows ratio chart :

Fantastic! Over-reach warning here.

Trenders :

Short Term Trender - McClellan Summation Index:

Bullish but weaker.

Long Term Trender - Cumulative 4-week Highs – Lows (the fat lady):

Happy as a woodchuck in a sawmill.

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

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Chat transcript, Mon. 5-20: Tom is back and he’s got a long list of stocks

Editor — Mon, 20 May 2013 22:57:26 +0000

[08:43:52 am] Tom Malone: Good Morning !
[08:44:21 am] Tom Malone: The Markets have been on a Historic Epic amazing breathtaking stunning run !
[08:44:26 am] Tom Malone: as you may know
[08:44:35 am] Tom Malone: can trees grow to the sky ?
[08:45:15 am] Tom Malone: with up to 90 billion a month for the Bulls and teeth lost for bears ….it has been a treat to see this historic melt up by the central bankers
[08:47:29 am] Jersey Girl: good morning Tom, welcome back
[08:48:10 am] Tom Malone: TY and
[08:48:14 am] Jersey Girl: lots of fertilizer for those trees
[08:48:39 am] Tom Malone: Let’s see if we can use our old style topping indicators
[08:48:44 am] Jersey Girl: of course, sometimes fertilizer stinks
[08:49:09 am] Tom Malone: to maybe see if there is anything “normal” about this amazing bull that is on track for near 75% gains for 2013
[08:49:21 am] Tom Malone: we will do some major moves in our IRA
[08:49:27 am] Tom Malone: Traders and MINI today
[08:49:33 am] Jersey Girl: gold and slv not happy though
[08:50:02 am] Tom Malone: and I have to be out from 1120 am to 2:00pm but should get the best of our updated RISK O METERS etc
[08:50:32 am] Tom Malone: Gold
[08:50:36 am] Tom Malone: OK
[08:50:40 am] Tom Malone: deserves it
[08:50:46 am] Tom Malone: and Bonds on target
[08:51:04 am] Tom Malone: Lot o money made short Bonds
[08:51:10 am] Tom Malone: TTT
[08:51:12 am] Tom Malone: TBT
[08:51:13 am] Tom Malone: etc
[08:52:37 am] Tom Malone: We will get long some IRA positions
[08:52:46 am] Tom Malone: and short some tech and futures
[08:54:19 am] Tom Malone: Public
[08:43:52 am] Tom Malone: Good Morning !
[08:44:21 am] Tom Malone: The Markets have been on a Historic Epic amazing breathtaking stunning run !
[08:44:26 am] Tom Malone: as you may know
[08:44:35 am] Tom Malone: can trees grow to the sky ?
[08:45:15 am] Tom Malone: with up to 90 billion a month for the Bulls and teeth lost for bears ….it has been a treat to see this historic melt up by the central bankers
[08:47:29 am] Jersey Girl: good morning Tom, welcome back
[08:48:10 am] Tom Malone: TY and
[08:48:14 am] Jersey Girl: lots of fertilizer for those trees
[08:48:39 am] Tom Malone: Let’s see if we can use our old style topping indicators
[08:48:44 am] Jersey Girl: of course, sometimes fertilizer stinks
[08:49:09 am] Tom Malone: to maybe see if there is anything “normal” about this amazing bull that is on track for near 75% gains for 2013
[08:49:21 am] Tom Malone: we will do some major moves in our IRA
[08:49:27 am] Tom Malone: Traders and MINI today
[08:49:33 am] Jersey Girl: gold and slv not happy though
[08:50:02 am] Tom Malone: and I have to be out from 1120 am to 2:00pm but should get the best of our updated RISK O METERS etc
[08:50:32 am] Tom Malone: Gold
[08:50:36 am] Tom Malone: OK
[08:50:40 am] Tom Malone: deserves it
[08:50:46 am] Tom Malone: and Bonds on target
[08:51:04 am] Tom Malone: Lot o money made short Bonds
[08:51:10 am] Tom Malone: TTT
[08:51:12 am] Tom Malone: TBT
[08:51:13 am] Tom Malone: etc
[08:52:37 am] Tom Malone: We will get long some IRA positions
[08:52:46 am] Tom Malone: and short some tech and futures
[08:57:36 am] Tom Malone: Public
[08:43:52 am] Tom Malone: Good Morning !
[08:44:21 am] Tom Malone: The Markets have been on a Historic Epic amazing breathtaking stunning run !
[08:44:26 am] Tom Malone: as you may know
[08:44:35 am] Tom Malone: can trees grow to the sky ?
[08:45:15 am] Tom Malone: with up to 90 billion a month for the Bulls and teeth lost for bears ….it has been a treat to see this historic melt up by the central bankers
[08:47:29 am] Jersey Girl: good morning Tom, welcome back
[08:48:10 am] Tom Malone: TY and
[08:48:14 am] Jersey Girl: lots of fertilizer for those trees
[08:48:39 am] Tom Malone: Let’s see if we can use our old style topping indicators
[08:48:44 am] Jersey Girl: of course, sometimes fertilizer stinks
[08:49:09 am] Tom Malone: to maybe see if there is anything “normal” about this amazing bull that is on track for near 75% gains for 2013
[08:49:21 am] Tom Malone: we will do some major moves in our IRA
[08:49:27 am] Tom Malone: Traders and MINI today
[08:49:33 am] Jersey Girl: gold and slv not happy though
[08:50:02 am] Tom Malone: and I have to be out from 1120 am to 2:00pm but should get the best of our updated RISK O METERS etc
[08:50:32 am] Tom Malone: Gold
[08:50:36 am] Tom Malone: OK
[08:50:40 am] Tom Malone: deserves it
[08:50:46 am] Tom Malone: and Bonds on target
[08:51:04 am] Tom Malone: Lot o money made short Bonds
[08:51:10 am] Tom Malone: TTT
[08:51:12 am] Tom Malone: TBT
[08:51:13 am] Tom Malone: etc
[08:52:37 am] Tom Malone: We will get long some IRA positions
[08:52:46 am] Tom Malone: and short some tech and futures
[08:59:24 am] paul philp: morning Tom hope the wedding went well and your fathers move
[09:00:02 am] paul philp: you have been really missed in the room welcome back
[09:00:05 am] Tom Malone: TY so much for all of your kindness and thoughts and prayers….I and my familiy really appreciate all of you
[09:00:29 am] Tom Malone: It is very much like being a race car driver and taking a year off !
[09:00:42 am] Tom Malone: so much has gone on in 7 sessions
[09:00:47 am] Tom Malone: seems like a month
[09:00:55 am] Tom Malone: instead of a week
[09:01:01 am] Tom Malone: we got bonds right
[09:01:03 am] paul philp: don’t take the turns to fast then no crashes
[09:01:07 am] Tom Malone: everything else wrong
[09:01:10 am] David Dube: Good Morning Tom…Welcome back…hope all is well with Dad
[09:01:14 am] Tom Malone: IRA is doing great
[09:01:22 am] Tom Malone: everything else poor
[09:01:33 am] Tom Malone: But we are alive and have some opportunity
[09:01:59 am] Tom Malone: TY David…TY for carrying such a heavy load for me
[09:02:06 am] Tom Malone: it is really appreciated
[09:02:10 am] paul philp: where do you see TLT going still the targets you had before
[09:02:25 am] David Dube: NP..we all carried some weight..group effort
[09:03:05 am] Tom Malone: I will be out with a Dr conference at 11:30 am -2:00pm ….and this week since I am in a facilty …I have only access to my major computer which I brought in and set up at the Hospice
[09:03:14 am] Tom Malone: so I will be good on my readings
[09:03:29 am] Tom Malone: which as you know are really remarkable
[09:04:16 am] Tom Malone:
Symbol Description Last Change Bid Ask Volume
QQQ POWERSHARES QQQ TRUST SERIES 1 74.30 0.00 74.01 74.02 95,976
QQQ Jan14 80 Put POWERSHARES QQQ TRUST SERIES 1 8.10 0.00 7.72 7.93
[09:04:30 am] Tom Malone: These are some puts I am buying today
[09:04:40 am] Tom Malone: we will put in the Traders
[09:05:00 am] Tom Malone: IRA we are looking at WCRX finally taking a pop on takeover
[09:05:10 am] Tom Malone: we had this one pegges 1 year ago
[09:05:16 am] Tom Malone: sometimes it takes time
[09:05:34 am] Tom Malone: if we go into a takeover mode …we could blowoff pretty quick
[09:05:53 am] Tom Malone: ERY
[09:06:00 am] Tom Malone: a EZ play today
[09:06:05 am] Tom Malone: with a 2% stop
[09:06:10 am] Tom Malone: I picked up early
[09:06:14 am] Tom Malone: and shorting NQ
[09:06:23 am] Tom Malone: and lots of tech names
[09:06:31 am] Tom Malone: as they are now overvalued
[09:06:39 am] Tom Malone: I have 2 major lists
[09:06:45 am] Tom Malone: Calls and Puts
[09:06:54 am] Tom Malone: Leading the PUT list is NFLX
[09:07:23 am] Tom Malone: leading the call list FB and ELLI still
[09:07:50 am] Tom Malone: I like doing the oppo of what we did in OCT 2011
[09:08:01 am] Jersey Girl: I have been on that pain list for NFLX with a leap put–glad I have a few months for it to work–hasn’t so far
[09:08:07 am] Tom Malone: buying in the money puts instead of calls
[09:08:18 am] Tom Malone: It will
[09:08:45 am] Tom Malone: I am just opening my 1st put position today as all my long calls run out In Jan 14
[09:09:21 am] Tom Malone: I still think Politics will bring the market to a 5% correction from the highs Friday
[09:09:30 am] Tom Malone: I think the highs are in for the year
[09:09:36 am] Jersey Girl: yeah, I was way to early with that put, I sold puts against but not enough
[09:09:44 am] Tom Malone: Good
[09:10:03 am] Jersey Girl: I think we go up till closer to the end of the quarter
[09:10:14 am] Tom Malone: I like puts on a whole host of tech names due to slowing emerging markets and rise in dollar
[09:10:23 am] Tom Malone: it will be a tough June for Tech
[09:10:39 am] Cheri White: gm Tom nice to see you
[09:10:40 am] Tom Malone: good time to buy puts in nearly all QQQ stocks
[09:10:47 am] Tom Malone: I will have a list later
[09:12:39 am] David Dube: http://tradepilotpro.com/blog/
[09:13:39 am] Tom Malone: TY Cheri ….So nice to be back
[09:15:49 am] Tom Malone: I will give a whole new list and add some new positions in all accounts today before a Dr Conference at 11:30 am
[09:16:42 am] Jersey Girl: yes nice to hear you again
[09:16:49 am] Bruce F: welcome back!
[09:31:01 am] Tom Malone: Thank you
[09:31:11 am] Tom Malone: In the IRA we will buy 10% each of
[09:31:22 am] Tom Malone: NOK at 9:45 am
[09:31:28 am] Tom Malone: RDN
[09:31:32 am] Tom Malone: GE
[09:31:47 am] Tom Malone: SEE
[09:32:00 am] Tom Malone: BBRY
[09:32:04 am] Tom Malone: FB
[09:32:15 am] Tom Malone: ARUN
[09:32:28 am] Tom Malone: HMA
[09:32:32 am] Tom Malone: TNGO
[09:32:55 am] Tom Malone: ELLI
[09:33:07 am] Tom Malone: 100% long IRA at 9:45 am
[09:33:12 am] Tom Malone: TRADERS :
[09:33:54 am] Tom Malone: Long SQQQ here at 50% at 26.03
[09:42:43 am] Tom Malone: ERY Long 50% traders
[09:43:04 am] Tom Malone: 27.87
[09:43:21 am] Tom Malone: 100% Traders
[09:43:28 am] Tom Malone: 100% long IRA
[09:43:35 am] Tom Malone: MINI looking for a short
[09:43:50 am] Tom Malone: NFLX puts I have bought in every month to Jan 14
[09:43:55 am] Tom Malone: IN the money
[09:44:00 am] Tom Malone: as well as QQQ
[09:44:21 am] Tom Malone: MINI will short 25% NQ here at 3024.50
[09:44:37 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

$$$$$$$$$$$$
[09:45:03 am] Tom Malone: Stops 3030.50 BOX take profits at 3020.50
[10:00:17 am] uncle fred: any position???
[10:05:36 am] Tom Malone: 09:31:01 am] Tom Malone: Thank you
[09:31:11 am] Tom Malone: In the IRA we will buy 10% each of
[09:31:22 am] Tom Malone: NOK at 9:45 am
[09:31:28 am] Tom Malone: RDN
[09:31:32 am] Tom Malone: GE
[09:31:47 am] Tom Malone: SEE
[09:32:00 am] Tom Malone: BBRY
[09:32:04 am] Tom Malone: FB
[09:32:15 am] Tom Malone: ARUN
[09:32:28 am] Tom Malone: HMA
[09:32:32 am] Tom Malone: TNGO
[09:32:55 am] Tom Malone: ELLI
[09:33:07 am] Tom Malone: 100% long IRA at 9:45 am
[09:33:12 am] Tom Malone: TRADERS :
[09:33:54 am] Tom Malone: Long SQQQ here at 50% at 26.03
[09:42:43 am] Tom Malone: ERY Long 50% traders
[09:43:04 am] Tom Malone: 27.87
[09:43:21 am] Tom Malone: 100% Traders
[09:43:28 am] Tom Malone: 100% long IRA
[09:43:35 am] Tom Malone: MINI looking for a short
[09:43:50 am] Tom Malone: NFLX puts I have bought in every month to Jan 14
[09:43:55 am] Tom Malone: IN the money
[09:44:00 am] Tom Malone: as well as QQQ
[09:44:21 am] Tom Malone: MINI will short 25% NQ here at 3024.50
[09:44:37 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[09:45:03 am] Tom Malone: Stops 3030.50 BOX take profits at 3020.50
[10:00:17 am] uncle fred: any position???
[10:06:00 am] Tom Malone: 25% short ES here at 1165.50
[10:06:07 am] Tom Malone: MINI 50% short
[10:06:15 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[10:15:20 am] uncle fred: risko??
[10:15:24 am] Tom Malone: 10
[10:15:32 am] Tom Malone: full hard hat alert
[10:15:46 am] Tom Malone: extremes across the board
[10:16:14 am] Tom Malone: but also POMO FED and no fear from Bulls …Bears scared stiff
[10:16:28 am] Tom Malone: as they should be ala David Tepper
[10:18:53 am] David Dube: Karen did a lot bridging the communication gap between Rooms
[10:20:31 am] Tony Pretto: MTS…volume is strong, mutual fund, etf, largest inflows since May 2001
[10:31:22 am] Tom Malone: Very Strong Secular Bull
[10:31:30 am] Tom Malone: ….most want to jump on now
[10:31:43 am] Tom Malone: but I think that is the wrong thing to do at this stage
[10:33:51 am] uncle fred: TM what was your fair value for the NQ M u mentioned a month ago??
[10:35:07 am] Tom Malone: INFA puts
[10:35:12 am] Tom Malone: HUN
[10:35:16 am] Tom Malone: VFC
[10:35:21 am] Tom Malone: LECO
[10:35:25 am] Tom Malone: AXP
[10:35:29 am] Tom Malone: GILD
[10:35:33 am] Tom Malone: URI
[10:35:38 am] Tom Malone: NVDA
[10:35:43 am] Tom Malone: FIS
[10:35:48 am] Tom Malone: NFLX
[10:35:52 am] Tom Malone: BRCM
[10:35:56 am] Tom Malone: JNPR
[10:36:00 am] Tom Malone: MRVL
[10:36:04 am] Tom Malone: GMCR
[10:36:08 am] Tom Malone: YHOO
[10:36:12 am] Tom Malone: WYNN
[10:36:16 am] Tom Malone: SNDK
[10:36:19 am] Tom Malone: NKE
[10:36:22 am] Tom Malone: SWI
[10:36:24 am] Tom Malone: CCI
[10:36:28 am] Tom Malone: JBL
[10:36:31 am] Tom Malone: PCS
[10:36:35 am] Tom Malone: KMX
[10:36:40 am] Tom Malone: HAL
[10:36:45 am] Tom Malone: PSX
[10:36:49 am] Tom Malone: MDC
[10:37:00 am] Tom Malone: all puts I am actively buying out to Jn 14
[10:37:09 am] Tom Malone: Calls I like
[10:37:13 am] Tom Malone: NOK
[10:37:16 am] Tom Malone: RDN
[10:37:20 am] Tom Malone: GE
[10:37:24 am] Tom Malone: VMED
[10:37:28 am] Tom Malone: SEE
[10:37:32 am] Tom Malone: HST
[10:37:36 am] Tom Malone: TTWO
[10:37:39 am] Tom Malone: HMA
[10:37:42 am] Tom Malone: ARUN
[10:37:45 am] Tom Malone: ELLI
[10:37:47 am] Tom Malone: FB
[10:37:51 am] Tom Malone: BBRY
[10:37:54 am] Tom Malone: TNGO
[10:37:57 am] Tom Malone: all calls
[10:45:01 am] Tony Pretto: cl is a rocket
[10:49:40 am] Tom Malone: Yes
[10:50:54 am] Tom Malone: 3020.50 Target NQ
[10:51:19 am] Tom Malone: MONEY
[10:51:22 am] Tom Malone: INTO
[10:51:27 am] Tom Malone: COMMODITIES ?
[10:51:34 am] Tom Malone: Gas again going to 4.00
[10:51:36 am] Tom Malone: ????
[10:52:39 am] sharon stelzl: GM Tom and team TTT
[10:54:51 am] sharon stelzl: Tom, do you still think WLT is a potential takeover–it is down quite a bit?
[10:56:38 am] Tom Malone: I think it is a takeover like WCRX and a dozen others we have called …but right now is a key time for WLT CLF all the China plays
[10:56:46 am] Tom Malone: will money go into commodities ?
[10:57:32 am] Tom Malone: 3022.50 we took off our shorts on NQ
[10:57:58 am] Tom Malone: 25% ES still we will add 25% short here ES at 1666.00 now 50% short
[10:58:02 am] Tom Malone: TTT MINI
[10:59:46 am] sharon stelzl: where are the volatility indicators please, I took a position in VXX on Fri?
[11:01:27 am] Tom Malone: Dead Neutral on VIX
[11:01:33 am] Tom Malone: no buy or sell there
[11:02:18 am] Tom Malone: DO NOT INITIATE ANY NEW LONGS ex Takeovers and Special situations
[11:04:08 am] Tom Malone: MINI will take 25% short position NQ here at 3028
[11:04:18 am] Tom Malone: stops 3035
[11:04:27 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[11:05:32 am] Tom Malone: 10 Risk
[11:05:38 am] Tom Malone: Hard hat warnings
[11:06:25 am] Tom Malone: 25% SHORT ES ADDED HERE NO STOPS 1667.50 NOW 100% SHORT MINI
[11:06:35 am] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[11:07:11 am] Tom Malone: NAZ IS EXTREMEMLY FROTHY AND GREED IS RULING THE ROOST
[11:07:24 am] Tom Malone: ENERGY LEADS HERE TODAY
[11:07:53 am] Tom Malone: WE HAD A GOOD RUN IN OUR IRA
[11:08:07 am] Tom Malone: WE ARE GOING TO SIMPLE TAKEOVERS AND SPECIAL SITUATIONS
[11:08:19 am] Tom Malone: I THINK WE HAVE 1-2% LEFT IF THAT
[11:08:40 am] Tom Malone: AND THE MARKETS CANNOT SUSTAIN THE ASCENT OF THE GREATEST BULL RUN IN US HISTORY
[11:11:29 am] greg e: seems central banks buying equities has changed the market metrics… it almost looks as if they are buying futures too
[11:23:45 am] Tom Malone: YES
[11:23:53 am] Tom Malone: WILL THEY BUY COMMODITIES ?
[11:43:47 am] sharon stelzl: here comes TF 1000
[11:51:07 am] Jersey Girl: that should offer a little resistance, round umber
[11:51:17 am] Jersey Girl: number
[11:58:28 am] sharon stelzl: TF 999.9
[12:00:57 pm] sharon stelzl: 1000.1
[12:17:24 pm] Tony Pretto: wow, gold just popped 30 points
[12:19:48 pm] sharon stelzl: TF 1000 and ES 1672 seemed to be a turning point for today…maybe
[12:21:22 pm] sharon stelzl: even the coal syocks are up today…
[12:21:29 pm] sharon stelzl: stocks
[12:59:10 pm] sharon stelzl: someone is sure buyting the equity only calls…
[12:59:43 pm] sharon stelzl: TLT on the escalator UP
[01:00:15 pm] sharon stelzl: WLT up 7.8% today
[01:20:31 pm] Tony Pretto: here we go
[01:20:34 pm] sharon stelzl: TF high 1000.2
[01:20:54 pm] Jersey Girl: fed talk making long jittery
[01:26:00 pm] sharon stelzl: pink bars go away…
[02:39:02 pm] Karen InSC: tommy in the hizzouse!
[03:17:50 pm] Tom Malone: PLAY ON SHORTS WE HAD STOPS IN ON OUR SHORTS A
[03:17:55 pm] Tom Malone: AND TOOK SOME PROFITS
[03:18:33 pm] Tom Malone: MINI TOOK SOME PROFITS
[03:18:44 pm] Tom Malone: BUT WE HAD 1666 AS HOD TYPE PLAY
[03:22:18 pm] Tom Malone: NQ MINI WE WILL TAKE OFF
[03:22:42 pm] Tom Malone: 3021.50 OUT OF THE SHORT 25%
[03:23:03 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:23:15 pm] Tom Malone: 75% OFF MINI AT 1664.00
[03:23:22 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:23:27 pm] Tom Malone: MINI FLAT
[03:23:30 pm] Tom Malone: WE WILL HOLD
[03:23:35 pm] Tom Malone: TRADERS
[03:24:05 pm] Tom Malone: 3:30PM
[03:24:07 pm] Tom Malone: RAMP
[03:24:15 pm] Tom Malone: 100% CASH
[03:24:21 pm] Tom Malone: MINI
[03:24:30 pm] Tom Malone: 100% SHORT TRADERS
[03:24:35 pm] Tom Malone: NFLX PUTS
[03:24:45 pm] paul philp: TLT what do you expect by end of week assuming general market under pressure
[03:24:53 pm] paul philp: have QQQ puts
[03:25:13 pm] paul philp: tks
[03:25:16 pm] Tom Malone: TLT WILL CONTINUE TO DROP EVEN IF WE HAVE A CORRECTION
[03:25:21 pm] Tom Malone: I AM BEARISH ON BONDS
[03:26:14 pm] paul philp: thank you
[03:26:18 pm] Tom Malone: TY
[03:27:35 pm] Tom Malone: tomandprisha@msn.com
[03:27:45 pm] Tom Malone: 7 sessions out
[03:27:51 pm] Tom Malone: please let me know how you are
[03:27:56 pm] Tom Malone: and what I can do
[03:28:07 pm] Tom Malone: MINI long 50%
[03:28:15 pm] Tom Malone: 1664.50
[03:28:16 pm] Karen InSC: would like to have e-mail of chat
[03:28:22 pm] Tom Malone: stops 1660.00
[03:28:49 pm] Karen InSC: not a lot of chatting when you were gone
[03:28:58 pm] Karen InSC: i have some of them
[03:29:07 pm] Karen InSC: i didn’t post them
[03:29:26 pm] Karen InSC: i was in vermont for part of the time
[03:33:46 pm] sharon stelzl: got the email, TY
[03:34:14 pm] Tom Malone: TY Sharon
[03:34:21 pm] Cheri White: just received it thanks
[03:34:23 pm] Tom Malone: I am so far behind y’all
[03:35:02 pm] Tom Malone: QQQ puts
[03:35:14 pm] Tom Malone: Jan 2014 80.00 puts
[03:35:20 pm] Tom Malone: puts
[03:35:24 pm] Tom Malone: INFA
[03:35:26 pm] Tom Malone: HUN
[03:35:31 pm] Tom Malone: VFC
[03:35:35 pm] Tom Malone: LECO
[03:35:38 pm] Tom Malone: AXP
[03:35:43 pm] Tom Malone: GILD
[03:35:48 pm] Tom Malone: URI
[03:35:52 pm] Tom Malone: NVDA
[03:35:55 pm] Tom Malone: FIS
[03:36:01 pm] Tom Malone: NFLX
[03:36:05 pm] Tom Malone: BRCM
[03:36:08 pm] Tom Malone: JNPR
[03:36:12 pm] Tom Malone: MRVL
[03:36:15 pm] Tom Malone: GMCR
[03:36:19 pm] Tom Malone: YHOO
[03:36:23 pm] Tom Malone: WYNN
[03:36:27 pm] Tom Malone: SNDK
[03:36:31 pm] Tom Malone: NKE
[03:36:34 pm] Tom Malone: JBL
[03:36:38 pm] Tom Malone: CCI
[03:36:43 pm] Tom Malone: All puts
[03:36:52 pm] Tom Malone: Longs for takeovers and special sits
[03:36:57 pm] Tom Malone: NOK
[03:37:00 pm] Tom Malone: BBRY
[03:37:05 pm] Tom Malone: RDN
[03:37:08 pm] Tom Malone: GE
[03:37:11 pm] Tom Malone: VMED
[03:37:15 pm] Tom Malone: SEE
[03:37:18 pm] Tom Malone: HST
[03:37:23 pm] Tom Malone: AMAT
[03:37:27 pm] Tom Malone: TTWO
[03:37:31 pm] Tom Malone: HMA
[03:37:38 pm] Tom Malone: ARUN
[03:37:41 pm] Tom Malone: ELLI
[03:37:43 pm] Tom Malone: FB
[03:37:47 pm] Tom Malone: RHT
[03:37:51 pm] Tom Malone: BBRY
[03:37:54 pm] Tom Malone: TNGO
[03:37:57 pm] Tom Malone: TEX
[03:38:01 pm] Tom Malone: WCRX
[03:38:09 pm] Tom Malone: CBI
[03:38:22 pm] Tom Malone: Those are screened longs
[03:39:15 pm] sharon stelzl: am up 1%
[03:40:52 pm] Tom Malone: Close out MINI at 4:00pm EST
[03:40:56 pm] sharon stelzl: you are welcome–market was flying high on Fri and some sort of a short seemed reasonable–Craig also had some input
[03:41:23 pm] sharon stelzl: bully for team TTT
[03:42:36 pm] sharon stelzl: any of the above longs grab your fancy more than the others??
[03:43:25 pm] Tom Malone: $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
[03:43:28 pm] Tom Malone: SEE
[03:43:43 pm] Tom Malone: HMA
[03:44:04 pm] Tom Malone: RDN
[03:47:34 pm] Tom Malone: CSCO
[03:53:37 pm] Karen InSC: discussing MOC, sell 722m
[03:53:46 pm] Karen InSC: red happy bc he is swing short
[03:53:49 pm] Karen InSC: last i heard
[03:53:53 pm] Tom Malone: TY
[03:54:10 pm] Tom Malone: and TYKaren for keeping the boat afloat with Red and DD
[03:54:43 pm] Karen InSC:
[04:01:23 pm] Tom Malone: $SPY closes down one cent the bears are on fire !
[04:02:42 pm] Karen InSC: looking for 8 of next 10 days down?
[04:02:46 pm] Tom Malone: Yes
[04:02:50 pm] Tom Malone: TTT predicts
[04:03:11 pm] Tom Malone: lol
[04:03:12 pm] Karen InSC: get your balls what??
[04:03:15 pm] Tom Malone: giggle
[04:03:23 pm] Tom Malone: need some 1
[04:03:25 pm] Tom Malone: or 2 ?
[04:03:31 pm] Tom Malone: now it is tough to short
[04:03:35 pm] Karen InSC: one good one is enough
[04:03:35 pm] Tom Malone: but that will change
[04:03:37 pm] Karen InSC:
[04:03:47 pm] Cheri White: thanks Tom
[04:03:51 pm] Jersey Girl: gn
[04:03:58 pm] sharon stelzl: nite all

Watch those New Highs today … they can’t keep this up … $ES_F 1664 x 1610

Editor — Thu, 16 May 2013 13:45:16 +0000

By: redliontrader

Today’s Economic News:

Decent numbers out of Japan today, watching for the 8:30 news, there is quite a bit in here.

Quote of the Day:
Intelligence without ambition is a bird without wings.
–C. Archie Danielson

Featured Breadth Chart of the Day:

We will put up the Zwieg today to show the bearish divergence developing here. A weaker A/D line while prices continue to run higher.

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1664
Long:  1610

Waiting of those daily high chutes that keep pushing us higher to stop. We have plenty of signs that not everyone is on board here but until people want to let go of their holdings then up we go.

I am far behind my TO-DO list today and I got up extra early! Go figure.

So suffice to say with 534 new NYSE NHS (despite a negative NYSE A/D line) … quality is being bought and for the few and the proud this market is going higher.

1664 is our upside target today and we are tracking back @ a 3% pullback which is now 1610.

Comments about the Front US Dollar DX futures contract:

The dollar came back to test the 83.80 area only to put in a lower high. We can see 83.50 as more downside in here.

Comments about TLT (Twenty year Bond ETF):

A green day on the TLT, let’s see if we can’t get back up to the 119 area over the next few days.

>>> Follow us @redliontrader<<<<<

Breadth Charts in Full :

Zweig Breadth Thrust:

Bearish Divergence

Cumulative Volume Index:

Bullish Confirming.

Number of NYSE issues trading below their 40 day moving average (40DPI):

Bearish Divergence

New Highs / New Lows ratio chart :

Sick, as in good.

Trenders :

Short Term Trender - McClellan Summation Index:

Weakening.. this often turns early.

Long Term Trender - Cumulative 4-week Highs – Lows (the fat lady):

Strong and long.

Summary … your pick but the trend is the friend.

Thank you for reading –
Marlin aka RedlionTrader @redliontrader