13
1 Daily Stock Report Tuesday Morning, July 3, 2012 Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit per transaction. Go to www.TradeStocksAmerica.com and click on the Trading Room tab for instructions to receive a $1 trial for a week. Not only will you receive excellent stock trading ideas, mostly focused on intraday scalps, you will get commentary about the timing, trading action, and market behavior during the day and how it affects any stock ideas posted in the Trading Room. Plus, you will interact with other traders as well. It is highly recommended to study the trading strategies and chart setup before you use your actual hard earned money and practice in a virtual account for 30-90 days before in order to get a high winning rate while practice. This will dramatically increase your chances of being profitable from the beginning of using your own money. See you in the Trading Room! US stocks didn’t have the follow through as you would expect from a 3% gain on Friday. The ISM index dropped sharply below expectations to 49.7, the lowest reading in 3 years. Below 50 is considered a contracting economy. Expectations around the trading floors were building toward the Fed steps in with a stimulus plan and if that expectation grows, it is likely investors will be disappointed. It was obvious this morning that many people left for vacation based on the lower volume and that is going to dwindle more this week as July 4 th is in two days. The market closes early tomorrow at 1:00pm eastern time and no trading on July 4 th . Full trading hours resume Thursday and Friday. We are riding on the short few days that we get a relief of negative European news and next week we may hear some new twist that rattles the market again. It has to be a long process of working out the European crisis with Italy and Spain are on the ropes now. We are looking to reduce the long positions in selected stocks as prices rise and expect the existing short positions to come back down in price. REPEAT: With this holiday week, the trading volume is light so stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts. Most recent list of “Market worries”: 1. Greece bailout and possible exit; Greece complains they want Spain’s deal; Greece vote this weekend. 2. Spain bailout proposal being criticized as creating more problems in future; Spain asking IMF for money now. 3. Next news bomb: Italy likely going to need help but not in news lately 4. Germany is Europe’s financial leader; says they pay biggest percentage of bailouts; must be weighing options. 5. European recession very likely to start 6. China's softening of economy or hard landing? 7. US economic data choppy; jobs market weak. 8. US Presidential election, momentum shifting toward Romney = Bullish 9. Apathy in retail investors 10. US Housing recovery not strong yet 11. Brazil economy stalling 12. Money is flowing into US dollar, US Treasuries and German government securities. 13. US economic policy not repairing economy. 14. Current US president not strong leader; creating more debt 15. India economy sharply pulling back now; just starting to hit news. 16. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff. 17. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel. 18. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision due week as late as Thursday 6-28-2012. Summary Opinion With this holiday week, the trading volume is light so stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts. Calendar (All Eastern times) Monday, 1000am, ISM Index, 52.2 (>50 is expansion) Monday, 1000am, Construction spending, 0.2% Tuesday, 1000am, Factory Orders, 0.4% Tuesday, 200pm, Auto and Truck Sales, 4.7M & 5.9M Thursday, 700am, MBA Mortgage Index, -7.1% Thursday, 730am, Challenger Job Cuts, 66.7% Thursday, 815am, ADP Employment Change, 105K Thursday, 830am, Continuing Unemployment Claims, 3.283K Thursday, 1000am, ISM Services, 53.0 Thursday, 1100am, Crude Inventories, -0.133M Friday, 830am, Nonfarm Payrolls, 100K Friday, 830am, Unemployment Rate, 8.2% Friday, 830am, Hourly Earnings, 0.2% Friday, 830am, Average Workweek, 34.4 Follow-up notes: ROST, Ross Stores is selling off the last two days on the publicity of discount stores are over-priced. ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut on their earnings warning, try to get higher prices to sell next 1-2 days. MNST, Monster Beverage is breaking down. Consider selling on a little rebound. Usually this means the momentum will start to come out of this and direction change to downtrend.

Everyday Stock Report Tuesday Morning, July 3, 2012

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Page 1: Everyday Stock Report Tuesday Morning, July 3, 2012

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Daily Stock Report Tuesday Morning, July 3, 2012

Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit per transaction. Go to www.TradeStocksAmerica.com and click on the Trading Room tab for instructions to receive a $1 trial for a week. Not only will you receive excellent stock trading ideas, mostly focused on intraday scalps, you will get commentary about the timing, trading action, and market behavior during the day and how it affects any stock ideas posted in the Trading Room. Plus, you will interact with other traders as well. It is highly recommended to study the trading strategies and chart setup before you use your actual hard earned money and practice in a virtual account for 30-90 days before in order to get a high winning rate while practice. This will dramatically increase your chances of being profitable from the beginning of using your own money. See you in the Trading Room!

US stocks didn’t have the follow through as you would expect from a 3% gain on Friday. The ISM index dropped sharply below expectations to 49.7, the lowest reading in 3 years. Below 50 is considered a contracting economy. Expectations around the trading floors were building toward the Fed steps in with a stimulus plan and if that expectation grows, it is likely investors will be disappointed. It was obvious this morning that many people left for vacation based on the lower volume and that is going to dwindle more this week as July 4

th is in two days. The

market closes early tomorrow at 1:00pm eastern time and no trading on July 4

th. Full trading hours resume Thursday

and Friday. We are riding on the short few days that we get a relief of negative European news and next week we may hear some new twist that rattles the market again. It has to be a long process of working out the European crisis with Italy and Spain are on the ropes now. We are looking to reduce the long positions in selected stocks as prices rise and expect the existing short positions to come back down in price.

REPEAT: With this holiday week, the trading volume is light so stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts. Most recent list of “Market worries”:

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

2. Spain bailout proposal being criticized as creating more problems in future; Spain asking IMF for money now.

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

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

5. European recession very likely to start

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

7. US economic data choppy; jobs market weak.

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

9. Apathy in retail investors

10. US Housing recovery not strong yet

11. Brazil economy stalling

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

13. US economic policy not repairing economy.

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

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

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

17. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel.

18. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision due week as late as Thursday 6-28-2012.

Summary Opinion With this holiday week, the trading volume is light so stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts.

Calendar (All Eastern times) Monday, 1000am, ISM Index, 52.2 (>50 is expansion) Monday, 1000am, Construction spending, 0.2% Tuesday, 1000am, Factory Orders, 0.4% Tuesday, 200pm, Auto and Truck Sales, 4.7M & 5.9M Thursday, 700am, MBA Mortgage Index, -7.1% Thursday, 730am, Challenger Job Cuts, 66.7% Thursday, 815am, ADP Employment Change, 105K Thursday, 830am, Continuing Unemployment Claims, 3.283K Thursday, 1000am, ISM Services, 53.0 Thursday, 1100am, Crude Inventories, -0.133M Friday, 830am, Nonfarm Payrolls, 100K Friday, 830am, Unemployment Rate, 8.2% Friday, 830am, Hourly Earnings, 0.2% Friday, 830am, Average Workweek, 34.4

Follow-up notes: ROST, Ross Stores is selling off the last two days on the publicity of discount stores are over-priced. ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut on their earnings warning, try to get higher prices to sell next 1-2 days. MNST, Monster Beverage is breaking down. Consider selling on a little rebound. Usually this means the momentum will start to come out of this and direction change to downtrend.

Page 2: Everyday Stock Report Tuesday Morning, July 3, 2012

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19. France being suggested as next European country to have financial problems.

20. Low volume summer trading.

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

SUPN, Supernus Pharmaceuticals moved from $5.85 to $15.09 in one day last week and has substantial downside profits on the short side if you are able to find shares to short. This hit $8.70 on Monday’s low; looking for below $8 but be flexible.

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

LEAP, Leap Wireless had a 5% bounce. Stocks moved well both directions on Friday and should repeat on Monday.

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

Swing Trade Ideas: (Usually hold time is days) MRX, Medicis Pharmaceutical. Consider small long position. BK, The Bank of New York Mellon. Consider small long position. ECL, Ecolab. Consider small long position. GWRE, Guidewire. Consider small short Friday. RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days.

Intermediate Trade Ideas: (weeks to months) PEP, Pepsico. Consider small long position. HIG, Hartford Financial. Consider small long position. ICON, Iconix Brand. Consider small long position. GRMN, Garmin. Consider small long position. PPO, Polypore. Consider small long position. EXR, Extra Space Storage. Consider small long position. NXTM, NxStage Medical. Consider small long position. LEAP, Leap Wireless. Consider small long position. LXK, Lexmark. Consider small long position. TLM, Talisman. Consider small long position. WFM, Whole Foods. Consider small long position. CANCEL IDEAS BELOW: DV, Devry. Consider small short position. CANCEL IDEA. COP, ConocoPhillips. Consider small long position. BK, Bank of New York Mellon. Consider small long position RMD, Resmed Health. Consider small long position.. SFD, Smithfield Foods. Consider small short position.

Aggressive Investors-Traders (Higher risk, higher reward) SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small increments. Study Bullshort chapter in Wizard Training course. HNR, Harvest Natural Resources. Watching for potential short, for aggressive investors. Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard Training Course before attempting this high risk high reward strategy. It is best to let these peak in price and turn down before opening short.

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Stock List Type

Notes Open Price Close

Price

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

MNST, MNST, MNST, MNST, Monster Bev. LONG-SWI +5% on M+5% on M+5% on M+5% on Moooonday;nday;nday;nday; giving it another giving it another giving it another giving it another 1111----2 days 2 days 2 days 2 days 42.69

MO, MO, MO, MO, Altria LONG-INT Up elevator.Up elevator.Up elevator.Up elevator. 31.82

FNGNFNGNFNGNFNGN, Financial Eng SHORT-SWI Re-entered short Thursday 20.50

CHMT,CHMT,CHMT,CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31

VCI, VCI, VCI, VCI, Volassis SHORT-SWI Stopped Friday for 5% loss.Stopped Friday for 5% loss.Stopped Friday for 5% loss.Stopped Friday for 5% loss. 20.50 21.50

SHFL,SHFL,SHFL,SHFL, Shuffle Mast AGGSHORT Missed Wed low to cover; waiting for lower price 14.25

NBL, NBL, NBL, NBL, Nobile Energy LONG-SWI Crude oil moved up $8 /barrel on Friday. 78.75

HUM,HUM,HUM,HUM, Human Health LONG-SWI Often a volatile healthcare stock. 78.81

TARO, TARO, TARO, TARO, Taro Pharm SHORT-SWI Lower low Monday, looking for lows under $35 37.35

CNK, CNK, CNK, CNK, Cinemark SHORT-SWI Stopped Wednesday for 3.6% loss 21.69 22.50

RHT, RHT, RHT, RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34

BEAV,BEAV,BEAV,BEAV, BE Aerospace SHORT-SWI Covered Tuesday for 5.5% profit. 43.42 41.00

SNI, SNI, SNI, SNI, Scripps Netw LONG-INT Approaching new highApproaching new highApproaching new highApproaching new highssss 57.31

SHW, SHW, SHW, SHW, Sherwin Will LONG-INT Approaching new highApproaching new highApproaching new highApproaching new highssss 133.10

ASIAASIAASIAASIA, AsiaInfo SHORT-SWI Breaking down last two days.Breaking down last two days.Breaking down last two days.Breaking down last two days. 11.94 12.05

WAG, WAG, WAG, WAG, Walgreens LONG-INT Starting to move up. 29.33

HXLHXLHXLHXL, Hexcel SHORT-INT Covered Tuesday for breakeven.... 24.36 24.35

IAGIAGIAGIAG, IamGold SHORT-INT Small short position. 11.89

LAZLAZLAZLAZ, Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.57

IMAXIMAXIMAXIMAX, Imax SHORT-SWI Covered Friday for 6.6% loss; consider covering 22.72 24.25

JAZZ,JAZZ,JAZZ,JAZZ, Jazz Pharma SHORT-SWI Looking for another 2-3 down days but reduce? 45.25

NSCNSCNSCNSC, Norfolk South SHORT-SWI Small short position. 69.25

RBC, RBC, RBC, RBC, Regal-Beloit SHORT-SWI Covered Thursday for 3% profit. 61.48 59.77

DYDYDYDY, Dycom SHORT-INT Stopped Friday for 8.2% loss 17.18 18.60

QSII,QSII,QSII,QSII, Quality Systems SHORT-INT Stopped Friday for breakeven;;;; watch for short watch for short watch for short watch for short 26.54 26.54

COFCOFCOFCOF, Capital One SHORT-INT Small short position 51.74

RBS, RBS, RBS, RBS, Royal Bank SHORT-INT Covered Thursday for 15.5% profit. 7.43 6.44

HNRHNRHNRHNR, Havest Natural AGGRESSIVE Small short position. 8.91

SHOOSHOOSHOOSHOO, Steven Madd SHORT-INT Consider covering short next 1Consider covering short next 1Consider covering short next 1Consider covering short next 1----2 days.2 days.2 days.2 days. 34.97 32.80

TIFTIFTIFTIF, Tiffany SHORT-INT Downtrend firmly in place last 2 months 51.64

LVLT,LVLT,LVLT,LVLT, Level 3 Comm. SHORT-SWI Small short position. 21.6521.6521.6521.65

NFXNFXNFXNFX, Newfield Expl LONG-INT Covered Monday for Covered Monday for Covered Monday for Covered Monday for 12.3% profit.12.3% profit.12.3% profit.12.3% profit. 25.96 29.1529.1529.1529.15

CLBCLBCLBCLB, Core Labs SHORT-INT Small short position. 113.50

FFIV, FFIV, FFIV, FFIV, F5 SHORT-INT Small short position. 96.63

RHT,RHT,RHT,RHT, Redhat SHORT-INT Small short position. 54.15

SUPNSUPNSUPNSUPN, Supernus Phar BULLSHORT MondayMondayMondayMonday’’’’s low was $8.70; watch for cover price.s low was $8.70; watch for cover price.s low was $8.70; watch for cover price.s low was $8.70; watch for cover price. 11.00

TLM,TLM,TLM,TLM, Talisman Enrgy LONG-INT Small long position. 11.5411.5411.5411.54

LXKLXKLXKLXK, Lexmark LONG-INT Gradual uptrend building.Gradual uptrend building.Gradual uptrend building.Gradual uptrend building. 26.4726.4726.4726.47

ICON, ICON, ICON, ICON, Iconix LONGLONGLONGLONG----INTINTINTINT Small long position.Small long position.Small long position.Small long position. 17.6017.6017.6017.60

PEPPEPPEPPEP, Pepsico. LONGLONGLONGLONG----INTINTINTINT Small long position.Small long position.Small long position.Small long position. 70.3470.3470.3470.34

Page 4: Everyday Stock Report Tuesday Morning, July 3, 2012

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HIGHIGHIGHIG, Hartford Life LLLLONGONGONGONG----INTINTINTINT Small long position.Small long position.Small long position.Small long position. 17.4517.4517.4517.45

Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this link: http://www.tradestocksamerica.com/trading-room.php July 2, 2012 TSA Moderator Chat [06:15 am] Ed : good morning all [06:28 am] Mitch K: OPEN is down premarket [06:32 am] Ed : watching LQDT for bottom to buy [06:33 am] Mitch K: watching FRAN for top to short [06:34 am] Ed : Still no signal on LQDT [06:34 am] Mitch K: watching UA for bottom to buy [06:34 am] Mitch K: monitoring BBY for top [06:34 am] Mitch K: watching FAST for bottom to buy [06:35 am] Mitch K: watching WWW for bottom to buy [06:35 am] Mitch K: watching MCK for top to short [06:35 am] Mitch K: watching NAV for bottom to buy [06:36 am] Mitch K: also watching WTW for bottom to buy [06:37 am] Mitch K: watching MOS for top [06:37 am] Mitch K: watching WYNN for top to short [06:38 am] Mitch K: WYNN toppy [06:38 am] Mitch K: watching SXCI for top to short [06:38 am] Mitch K: watching APOL for bottom; missed juicy top [06:38 am] Mitch K: watching VHC for top to short [06:39 am] Mitch K: watching PPO for bottom [06:39 am] Mitch K: watching VHC closer [06:39 am] Mitch K: watching CNX for top to short [06:39 am] Mitch K: watching POT for short here [06:40 am] Mitch K: watching BBY closer [06:40 am] Mitch K: watching HCA for bottom to buy [06:40 am] Mitch K: watching FDO for top to short [06:40 am] Mitch K: watching ROST for top to short [06:41 am] Mitch K: BBY toppy [06:41 am] Mitch K: watching JOY for bottom [06:41 am] Mitch K: watching MLNX for top to short [06:41 am] Mitch K: watching LQDT closer, not bottom yet [06:42 am] Mitch K: watching SYK for bottom to buy [06:43 am] Mitch K: watching ESI for bottom to buy [06:43 am] Mitch K: watching DV for bottom [06:44 am] Mitch K: watching ESI for bottom to buy [06:44 am] Mitch K: watching OPEN closer [06:44 am] Mitch K: all three education stocks dumping, latest one is CECO, others posted were APOL, DV, also watch ESI [06:45 am] Mitch K: watching GRPN for bottom [06:46 am] Mitch K: or sell [06:46 am] Mitch K: consider reducing FAST long [06:46 am] Mitch K: watching SHPGY for top to short [06:46 am] Mitch K: monitoring OSIR drop [06:47 am] Mitch K: watching $27 area for FRAN short to cover [06:47 am] Mitch K: watching UNH for bottom to buy [06:48 am] Mitch K: consider reducing WTW long [06:48 am] Mitch K: but trading will be more volatile too, which is a good thing [06:48 am] Mitch K: watching MAKO for top to short

July 2, 2012 TSA User Chat [06:07 am] eyes : How are you doing ED [06:08 am] Ed : doing fine how bout you [06:08 am] eyes : Ready to start a new day [06:09 am] khall : Good morning all [06:13 am] qwert : Good morning everybody [06:14 am] apple : good morning to all keen traders [06:14 am] joeytsa : Good morning Mitch,Ed, everyone [06:14 am] apple : gm qwert [06:14 am] apple : gm joey [06:14 am] apple : gm khall [06:14 am] apple : gm eyes [06:14 am] apple : gm E [06:15 am] eyes : GM Khall qwert aaple [06:15 am] lisas : gm all, good to be back! [06:15 am] apple : kicking myself - sold CELL last Fri small loss - today gained 3 points! [06:15 am] apple : gm lisa [06:15 am] lisas : Hi apple [06:15 am] joeytsa : 7pst brings the ISM manufacturing pmi,construction spending,ISM manufacturing prices [06:16 am] skydiver : gm everyone [06:16 am] joeytsa : CELL was acqured [06:16 am] skydiver : gm Mitch and Ed [06:16 am] joeytsa : seems like quite a few buyouts today [06:16 am] apple : that explains it... thx joey [06:16 am] apple : gm sky [06:16 am] skydiver : gm apple [06:17 am] joeytsa : IM agreed to acuire them for $9/share [06:17 am] khall : AMLN and LNCR also buyouts [06:18 am] eddy : gd morning all [06:18 am] joeytsa : DELL acquiring QSFT [06:19 am] apple : thx joey and khall [06:19 am] apple : gm eddy [06:19 am] khall : morning eddy, apple, qwert [06:20 am] eddy : hi khall [06:20 am] khall : welcome back lisa - Happy Monday [06:21 am] dadecuir : Good morning, every one!! [06:21 am] joeytsa : dadecuir: are you new? [06:22 am] Ed : welcome dadecuit [06:22 am] apple : gm dade [06:23 am] Ed : dadecuir [06:23 am] khall : welcome to the room dadecuir [06:23 am] skydiver : welcome aboard dadecuir [06:23 am] dadecuir : Yes. I'm new. [06:23 am] qwert : gm dadecuir welcome [06:24 am] joeytsa : good to have you [06:24 am] lisas : Hi dadecuir [06:24 am] eddy : welcome dadecuir

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[06:48 am] Mitch K: much fewer ideas today, July 4th holiday vacation going to be very light on ideas [06:49 am] Mitch K: watchign POT if goes below open price around 43.68; if goes below, watch out below [06:49 am] Mitch K: LQDT bounce is very weak [06:49 am] Mitch K: APOL tyring to bounce [06:50 am] Mitch K: consider reducing SYK long [06:50 am] Mitch K: MLNX toppy [06:52 am] Mitch K: consider reducing OPEN [06:53 am] Mitch K: consider selling remaninig WTW long [06:53 am] Mitch K: looking for 92 area to reduce UA long [06:53 am] Mitch K: FRAN short broke below open now under $27, should drop more [06:53 am] Mitch K: MAKO toppy [06:53 am] Mitch K: watching SINA for bottom to buy [06:54 am] Mitch K: also POT still pointing down [06:54 am] Mitch K: getting acceleration on the downside with MOS, WYNN, CNX, now SXCI and USG [06:55 am] Mitch K: LQDT getting going on the bounce [06:56 am] Mitch K: consider reducing UA long [06:57 am] Mitch K: watching MAKO closer to cover short [06:57 am] Mitch K: consider selling FAST long [06:57 am] Mitch K: consider covering most of FRAN short [06:57 am] Mitch K: soon [06:57 am] Mitch K: watching VRA for bottom [06:58 am] Mitch K: watching FB for bottom to bounce, looks like here [06:59 am] Mitch K: watching GRA for bottom [07:00 am] Mitch K: watching LULU for bottom [07:00 am] Ed : drop in ISM number [07:01 am] Mitch K: looking for under $86 on SHPGY short, be flexible [07:02 am] Mitch K: consider reducing MCK short soon [07:02 am] Mitch K: consider covering some of MAKO short [07:02 am] Mitch K: if you did consider covering most of FAST soon [07:02 am] Mitch K: hope you shorted top of bounce in FAST, WTW [07:03 am] Mitch K: VRA bouncy soon, LULU not yet [07:03 am] Mitch K: GRPN bouncy [07:03 am] Mitch K: LULU and VRA two best charts for potential longs [07:03 am] Mitch K: consider selling UA long [07:04 am] Mitch K: consider covering SXCI, CNX, WYNN, all cover here [07:04 am] Mitch K: consider covering VHC short [07:04 am] Mitch K: consider covering MOS [07:06 am] Mitch K: Oil, crude oil spiking hard [07:06 am] Mitch K: consider covering MLNX here [07:07 am] Mitch K: must have been a war scare [07:08 am] Mitch K: also watching to cover ROST [07:08 am] Mitch K: watching FDO closer for cover point on next bottom, [07:08 am] Mitch K: fewer ideas today but working well for us, mostly shorts [07:09 am] Mitch K: LULU should bottom fairly soon, no signal yet though [07:09 am] Mitch K: if you havent sold OPEN try for 42 area, already went above [07:09 am] Mitch K: looking fo runder $86 on SHPGY short to cover [07:10 am] Mitch K: LULU buy signal [07:10 am] Mitch K: watching BIDU for bottom [07:11 am] Mitch K: starting to watch CSTR drop [07:11 am] Mitch K: watching DVA for bottom to buy [07:12 am] Mitch K: lol, well, except FAST

[06:24 am] lisas : Hi khall! [06:25 am] joeytsa : lisa lisa :) [06:25 am] lisas : joey joey, liked the video! [06:25 am] khall : lisa :-) [06:25 am] joeytsa : ahhh, thanks :) [06:26 am] jolliffboy : welcome ddecuri, where are you located??? [06:27 am] apple : gm jolli [06:27 am] jolliffboy : hey apple. [06:28 am] apple : gm MK thx [06:29 am] doji : Good Morning [06:29 am] Ed : Hey dadecuir quite a few ideas get recommended during first 90 minutes, dont feel like u have to take every trade, take it slow to get the hang of the room [06:29 am] lisas : Hi Doji! [06:29 am] doji : Hi Lisas! [06:30 am] apple : gm doji [06:30 am] doji : Hi Apple [06:32 am] scalpman : LQDT for bottom [06:32 am] eyes : LYB [06:32 am] doji : LNKD [06:33 am] doji : FB [06:40 am] doji : Test [06:40 am] Ed : i c ya doji [06:40 am] doji : Thanks [06:43 am] apple : PCYC moving [06:44 am] apple : nice drop on OPEN MK [06:47 am] joeytsa : AAPL up nice so far [06:47 am] joeytsa : ES testing some res here [06:53 am] joeytsa : nice call on OPEN,WTW [06:53 am] aussie123 : nke [06:53 am] joeytsa : watching ALXN [06:56 am] eyes : KRO [06:56 am] eyes : Never mind No Vol [06:57 am] scalpman : Out 1/2 MAKO S [06:58 am] scalpman : Out another 1/4 MAKO S [07:00 am] scalpman : All out MAKO S [07:00 am] joeytsa : nice dump in the markets on tha # [07:01 am] rusty : ss TLT into strength [07:02 am] skydiver : covered 3/4 FIRE S 51.81 - 51.25 [07:03 am] skydiver : all out of FIRE S [07:04 am] apple : nice sky [07:04 am] joeytsa : watching CMI for a bottom [07:04 am] apple : gm rusty [07:04 am] skydiver : thnx apple :) [07:04 am] joeytsa : nice trading sky [07:04 am] skydiver : :) [07:06 am] skydiver : been playing FDX - didn't mention it as very little profit, but now it dropped nicely [07:06 am] apple : good one sky [07:07 am] skydiver : :) [07:07 am] joeytsa : sky: i used to use FDX as an indicator [07:07 am] skydiver : really joey? didn't know - [07:08 am] joeytsa : if they were doing good, i took it as people doing a lot of buying [07:08 am] skydiver : very logical - gotcha :) [07:08 am] joeytsa : when they dropped, it signalled a slowdown [07:09 am] joeytsa : probably still works, havent checked lately for some reason [07:09 am] skydiver : will remember that and check it out joey :) [07:10 am] joeytsa : that was the lowest ISM # in 3yrs [07:10 am] skydiver : no wonder the market went south so quick. Helped my shorts however [07:10 am] joeytsa : ES down abot 10pts from the top [07:11 am] joeytsa : yeah and GS gave an early tell [07:12 am] rusty : ISM Largest one month decline in orders since the month right after 9/11

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[07:12 am] Mitch K: consider covering shorts [07:12 am] Mitch K: indexes trying to bounce [07:12 am] Mitch K: BIDU bouncy [07:12 am] Mitch K: SINA bouncing [07:12 am] Mitch K: watching RVBD [07:13 am] Mitch K: watching FFIV for bottom [07:17 am] Mitch K: same with SYK [07:17 am] Mitch K: LULU should start accelerating up more [07:20 am] Mitch K: SPY turning over too [07:20 am] Mitch K: consider reducing SYK [07:20 am] Mitch K: SYK toppy [07:21 am] Mitch K: its the morning after big party on Friday, markets havent sustained past those big spike days [07:22 am] Mitch K: monitoring TRIP for top [07:23 am] Mitch K: FFIV should get over 98, be flexible [07:23 am] Mitch K: mkt trend up resuming [07:24 am] Mitch K: watch VHC for 2nd helping short [07:24 am] Mitch K: consider selling PPO if long [07:24 am] Mitch K: GRA bouncing, usually slow mover [07:25 am] Mitch K: ESI dead, doa [07:25 am] Mitch K: consider selling most of DV long position [07:25 am] Mitch K: watching CNX, WYNN LVS, SXCI MOS for 2nd short, same with POT [07:25 am] Mitch K: USG worth watching for short [07:29 am] Mitch K: good symbols today . . . LIFE can be a TRIP if you go LULU with POT and go down FAST [07:47 am] Mitch K: watching GNC [07:58 am] Mitch K: watching VAR [08:34 am] Ed : SPY trading in tight range [09:25 am] Ed : SPY trading at resistance [09:28 am] Mitch K: watching WPI [09:36 am] Ed : getting bounce in SPY [10:14 am] Mitch K: watching CHRW [10:33 am] Mitch K: monitoring QIHU [10:42 am] Mitch K: watching AEP [10:53 am] Mitch K: consider reducing [10:53 am] Mitch K: AEP toppy [11:18 am] Ed : getting nice pop in SPY [11:40 am] Mitch K: watching SXCI again [11:42 am] Mitch K: watching ACTG [11:51 am] Mitch K: SXCI getting toppy [12:10 pm] Ed : getting pullback in SPY [12:49 pm] Ed : just watching action in SXCI/CHSI not much time left [01:00 pm] Mitch K: good evening everyone [01:00 pm] Ed : have a great evening traders

[07:13 am] skydiver : thnx rusty [07:13 am] joeytsa : construction was up, but overall thing dont look great to me [07:14 am] joeytsa : should be a very interesting earnings season coming p [07:14 am] joeytsa : up [07:14 am] eyes : ED you get LQDT what was your entry [07:16 am] jsn13 : LULU bouncing... [07:19 am] khall : joey, I have a feeling the numbers won't be as good as expected [07:19 am] joeytsa : which ones? [07:19 am] khall : earnings this next quarter [07:20 am] joeytsa : agreed, or guided much lower [07:20 am] joeytsa : they are looking for 101k jobs this week, we'll see [07:21 am] khall : yes, we will [07:22 am] scalpman : OUt 1/2 LULU L [07:23 am] skydiver : SPY at vwap [07:23 am] skydiver : CRM climbing nicely [07:24 am] apple : joey, i heard 90k earlier [07:26 am] scalpman : Out another 1/4 LULU L [07:26 am] joeytsa : i see both apple [07:26 am] joeytsa : thurs # is 101, fri # 92 [07:27 am] scalpman : All out LULU L [07:27 am] apple : ok thx [07:28 am] joeytsa : believe they need 100k just to break even [07:28 am] apple : if there is such a thing [07:29 am] joeytsa : what..jobs?? :) [07:29 am] Ed : good one [07:29 am] qwert : hahaha [07:29 am] skydiver : nice one Mitch :) [07:29 am] apple : lol, yes and breakeven - when would that be... [07:29 am] joeytsa : nice, Mitch is playing boggle again :) [07:29 am] lisas : :) [07:30 am] apple : MK, you are on a rollllllllllllllllllllll [07:32 am] khall : ahhh, talk of closing the straight of Hormuz (sp?) - thus the oil spike [07:32 am] joeytsa : just listening to that [07:32 am] joeytsa : sanction yesterday? [07:33 am] khall : didn't catch that one... [07:37 am] scalpman : Ed, BBY closed few cents above open for a LONG...yes? [07:40 am] rusty : y[10:40] FSCO1: NYSE volume 160M shares, about 7% below its three-month average; advancers lead decliners by 1.1:1. - NASDAQ volume 485M shares, about 25% above its three-month average; decliners lead advancers by 1.1:1. [07:41 am] scalpman : Was DUK a stock split or GAP down...? [07:42 am] Ed : yes scalp bby nice one [07:42 am] apple : thx rusty [07:43 am] scalpman : Ed, it fits the pattern nicely. [07:43 am] lisas : Hi Rusty! Glad to see you are back! [07:43 am] Ed : it does [07:43 am] aussie123 : thx rusty [07:45 am] scalpman : LNCR earlier had 300,000+ shares, 41.26-27...what might be happening there? [07:46 am] Ed : think it is a buyout [07:46 am] khall : yes, it's a buyout [07:46 am] scalpman : ah...thanks [07:47 am] rusty : 3.8B buyout, 41+/share [07:47 am] rusty : has been rumored for a week [07:47 am] scalpman : How come buy-outs are not called "sell-outs" [07:48 am] rusty : scalpman = socrates [07:48 am] skydiver : nice one rusty :0 [07:48 am] skydiver : :) [07:48 am] eyes : Any thoughts on LQDT it looks to be cons [07:49 am] rusty : LQDT supposedly a very negative piece by OWS

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firm [07:50 am] eyes : I would say so it Droped 20% [07:50 am] rusty : they supposedly have a 425 target....havent seen the report myself [07:50 am] rusty : $25 [07:51 am] skydiver : well - my time is up -- see all of you tomorrow - 4 wins one loss today -- thnxs TSA and all the great traders [07:51 am] scalpman : OUt 1/2 GANC S [07:51 am] scalpman : GNC [07:51 am] khall : bye sky [07:51 am] scalpman : out another 1/4 GNC S [07:52 am] Ed : see ya sky [07:52 am] scalpman : bye sky [07:52 am] qwert : watching bby [07:52 am] scalpman : BEE-uty Mitch GNC [07:53 am] jsn13 : Ed, did u take GNC short? [07:54 am] scalpman : Stopped at 40.97 last piece [07:54 am] scalpman : GNC [07:54 am] Ed : yes [07:54 am] apple : good job scalp [07:54 am] jsn13 : may i know the entry time? [07:55 am] scalpman : BBY for shot [07:55 am] Ed : 10:48 with stop above hod [07:55 am] scalpman : short [07:56 am] scalpman : Thanks apple.. [07:56 am] jsn13 : ok after shooting star? not a powerful breakout right? [07:56 am] scalpman : missed BBY will wait for small bounce [07:57 am] rusty : TLT hod [07:57 am] apple : thx rusty [07:57 am] go4it : Have fun/safe 4th traders be back Thursday! [07:57 am] scalpman : All out GNC hit my limit at vWAP.. [07:58 am] khall : have a good one go4it [07:58 am] Ed : see ya bruce [07:58 am] scalpman : Watching BBY for a bounce and lower high... [08:02 am] jsn13 : QCOR [08:03 am] eyes : That is something i have to learn I shorted BBY and it just cons I should have got out [08:04 am] eyes : whats a max amount of time to see if it works any suggestiond [08:05 am] scalpman : BBY ..maybe a lower low... [08:05 am] scalpman : Anybody get BBY S [08:05 am] eyes : LQDT moving [08:06 am] scalpman : LQDT stocks at top...wait for pull back.. [08:06 am] scalpman : stochs [08:07 am] scalpman : BBY holding...may still be in trend LONG [08:10 am] scalpman : LQDT ..not fluid! [08:12 am] eddy : no edge on LQDT it can go in any direction now [08:15 am] eyes : NEM [08:15 am] scalpman : LULU dropping more...looking for a bounce. [08:15 am] rusty : QIHU negative analyst report out [08:16 am] scalpman : Ed, two good trades from 10:11 and 10:47 EST...my later start still working... [08:16 am] Ed : nice going scalp [08:17 am] scalpman : Will watch for one more quality trade...eyes on the stochs.... [08:17 am] apple : smart guy scalp [08:18 am] scalpman : "EYES"...didn't you used to be "EYES-on MacD" [08:18 am] eyes : Yes Scalp [08:18 am] scalpman : Apple, thanks [08:19 am] eyes : NEM Bounceing double bottom [08:19 am] apple : he's been eyes on everything... he's got eyes... [08:19 am] scalpman : I was thinking of changing my screen name to "Scalpman on the Stochs"

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[08:19 am] scalpman : (ha) [08:19 am] apple : lol, scalp is perfect [08:19 am] apple : nice move on VAR [08:21 am] scalpman : LULU's back in town....moving up [08:22 am] scalpman : (actually that's a song title from the 1920s) "Lulu's Back in Town".... [08:22 am] Ed : telling ur age scalp [08:22 am] eyes : It should Be slow Learner [08:23 am] scalpman : Nice move on LULU...I'm gabbin' when I should be paying attention. [08:24 am] scalpman : ok...back to business... [08:25 am] rusty : If anyone is interested in QIHU report, em me at [email protected] [08:25 am] scalpman : FDO sell off..missed it. [08:25 am] rusty : DLTR was dg by two analysts today [08:25 am] rusty : fwiw [08:28 am] eddy : wat is fwiw rusty? [08:28 am] khall : thanks rusty [08:29 am] apple : for waht it's worth, eddy [08:29 am] apple : what [08:29 am] eddy : ok [08:31 am] eddy : LULU climbing well [08:33 am] eddy : test [08:34 am] Ed : i see ya eddy [08:34 am] eddy : k [08:36 am] rusty : PCYC radar based on daily....volume light...somewhat overbought [08:36 am] joeytsa : yeah Ed, since that drop, been in a 4-5 pt range overall [08:37 am] eyes : NEM No good [08:37 am] rusty : anyone fade the AMPE gap today? [08:37 am] rusty : nice candle [08:39 am] scalpman : LULU S @ 57.59 stopp at .75 [08:40 am] scalpman : OUt 1/2 LULU S... [08:41 am] scalpman : stop at b.e. [08:42 am] eddy : nice scalpman [08:42 am] scalpman : Thanks eddy...not a lot of money here but signals looked good. [08:43 am] scalpman : Let's see if it breaks down more... [08:44 am] apple : MDVN moving out of consolidation [08:44 am] scalpman : LULU could test the lod [08:45 am] scalpman : support at .20 [08:47 am] scalpman : OUt another 1/4 @ .20 [08:48 am] rusty : DLTR lod [08:49 am] scalpman : trailing down last stop...LULU S [08:49 am] scalpman : and all out. [08:50 am] scalpman : avg about 25c ...on LULU.. [08:51 am] eddy : LQDT [08:51 am] qwert : BBY trying to hold 23 area [08:51 am] apple : i love the V in VAR [08:56 am] scalpman : Apple what was your entry? [08:57 am] eyes : PHM any thoughts [08:57 am] scalpman : Eyes...stochs are at the bottom. [08:57 am] eyes : Res on Daily [08:58 am] scalpman : ...and flatting [08:58 am] scalpman : .hit 0 on over-sold...don't think I've seen that before! [08:59 am] scalpman : PHM stochs turning up...maybe a bounce here [09:00 am] joeytsa : has res about 4-5cents above though [09:02 am] joeytsa : LQDT trying to hold $39 [09:02 am] rusty : CIGX hod [09:02 am] eyes : ci another one [09:05 am] rusty : STZ hod, entering overbought territory on daily...might be worth watching [09:06 am] eyes : CI Bounceing

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[09:07 am] eyes : Ok I am just looking at junk Break Time [09:07 am] apple : been loking at STZ too rusty [09:12 am] scalpman : Time to go, gentlemen....Great calls today by Mitch...I was 3/3 no mistakes...a good way to start off the month... [09:12 am] Ed : nice going scalp [09:12 am] scalpman : Thanks Ed, and thanks Apple who always has a supportive word! [09:13 am] apple : have a great day scalp and keep up the good work [09:13 am] scalpman : See you all tomorrow... [09:13 am] eddy : bye scalp [09:14 am] scalpman : Bye eddy...PHM moved up....did you go Long? [09:14 am] scalpman : Scalpman has left the building! [09:33 am] apple : nice drop on WPI [09:44 am] eddy : off fot a 15mns legs stretching walk ...will be back [09:44 am] joeytsa : smart plan eddy [09:45 am] joeytsa : NFLX banging on this $68 level quite a bit today [09:45 am] apple : eddy - good idea, i am going to take a break too [09:45 am] totora : hello ed plz open window [09:47 am] apple : hello tortora, how are you [09:49 am] Ed : hey totora [09:50 am] lisas : first +1000 Tick for the day [09:51 am] apple : thx lisa [09:53 am] Ed : hey lisa how u all make out with tornados we had, 3 in 5 days [09:54 am] apple : she was partying [09:54 am] Ed : figures [09:54 am] lisas : wow, we did ok, in fact very well considering it was my niece's wedding and both the wedding and reception were outside. Just a little hot is all [09:54 am] apple : girls like to have fun [09:54 am] joeytsa : glad you are all safe [09:55 am] Ed : thx joey [09:55 am] lisas : There were tornado watches during weddiing, but it all stayed away. Did you get damage at your house Ed? [09:55 am] Ed : closest damage was .5 miles away [09:56 am] apple : wow, tg for both of you [09:56 am] lisas : that's pretty close. We saw trees down around area, never even lost power, unusual for our neighborhood [09:57 am] Ed : each storm hit 1million without power [09:58 am] apple : here, the electric co. ConEd is negotiating a new contract... NJ was hit the other day [09:58 am] khall : ugh - I feel for you guys [09:59 am] joeytsa : sounds like you all need a vegas vacation :) [09:59 am] Ed : sounds good [09:59 am] apple : leave it to joey to suggest some fun [09:59 am] lisas : 3 weeks! [09:59 am] khall : remind us of the temps there? [09:59 am] khall : hotter than hades? LOL [09:59 am] lisas : hot and hotter, isn't that the temp everywhere? [10:00 am] Ed : if u can deal with humidity u can deal with vegas temps [10:00 am] joeytsa : lisa, are you coming here? [10:00 am] eyes : I agree [10:00 am] khall : we are catching a break today - only supposed to hit 98 [10:00 am] joeytsa : it will be 106 here today [10:00 am] eyes : were do you live Khall [10:01 am] lisas : we're having a cold spell, 83 [10:01 am] khall : Tulsa [10:01 am] joeytsa : AMZN testing prev cl [10:02 am] joeytsa : your power went out because Ed tried to hook up 2 more monitors :) [10:02 am] Ed : good one

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[10:02 am] apple : lol joey [10:02 am] lisas : joey, no, we're headed to the outerbanks [10:03 am] joeytsa : ahh, thought you were coming here [10:04 am] lisas : No, kids wouldn't come. We've been going to the beach with extended family for 25 years. Up to 44 people now (in one house, yikes!) [10:04 am] khall : ha ha - sure you don't want to sneak off to Vegas? [10:04 am] lisas : We've tried going other places, but only the beach will do. [10:04 am] joeytsa : that doesnt sound like a vacation to me [10:05 am] joeytsa : im trying to get away from family [10:05 am] lisas : It doesn't does it, but it works for us, wouldn't miss it. [10:05 am] khall : it sounds like that kind of chaotic fun - sort of like me cooking Tgiving dinner for 25 ppl [10:06 am] Ed : how long 1 week, or 2 weeks [10:06 am] lisas : 1 week [10:06 am] apple : sounds great lisa [10:06 am] apple : 1 day, E [10:06 am] apple : lol [10:07 am] joeytsa : just watching VMW [10:08 am] joeytsa : same with UNH [10:08 am] eyes : UNH [10:08 am] joeytsa : also watching the triple top on WPI [10:09 am] apple : waiting for the drop... [10:09 am] khall : joey - 4:1 companies saying they aren't going to do as well as they thought they would [10:10 am] joeytsa : for a long, either a breakout here or a higher low on a pullback [10:10 am] joeytsa : yeah, thats what i posted last week [10:10 am] khall : must have missed that one.. [10:10 am] joeytsa : yeah posted it twice, it was actually 3.6:1 that i posted [10:11 am] eyes : CNC [10:12 am] sakii : Watching VHC [10:14 am] sakii : chrw [10:14 am] sakii : chrw [10:14 am] sakii : oops wrong keyboard [10:20 am] rusty : BBY defending themselves [10:21 am] rusty : denying takeover rumor [10:24 am] apple : thx rusty [10:24 am] joeytsa : with that daily chart, they should want to be taken over :) [10:25 am] eyes : did anyone get CNC [10:25 am] joeytsa : i didnt [10:25 am] joeytsa : nice one though, hit res and fell 20cents [10:25 am] eyes : I am S CHRW .94 ant suggestions [10:26 am] joeytsa : yeah, dont lose your profits :) [10:26 am] eyes : what profits [10:28 am] joeytsa : sorry i was looking at CNC [10:28 am] joeytsa : CHRW looks to have support @ $59, it was res [10:30 am] Ed : did u have stop over hod, eyes, that case u would be out [10:30 am] eyes : stoped out 59.17 [10:32 am] eyes : I had it .05 above [10:33 am] eyes : qihu [10:35 am] rusty : TLT comng to papa [10:37 am] eyes : Ed was .o5 to much in your opnion [10:38 am] Ed : overall it was fine [10:51 am] rusty : F worth watching based on daily chart [10:53 am] apple : thx rusty [10:55 am] lisas : Taking off, bye all! [10:56 am] Ed : c ya lisa [10:57 am] apple : bye lisa, have fun, talk to you later [11:00 am] rusty :

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http://www.thestreet.com/story/11604273/1/ampio-insiders-aided-by-pr-blitz-soon-free-to-sell-millions-of-shares.html AMPE [11:02 am] mh : FB [11:08 am] qwert : bye everybody see ya in the am from kona, gotta pack up [11:09 am] eyes : Have Fun QWERT [11:09 am] Ed : c ya qwert save travels [11:09 am] qwert : thx cya tomorrow [11:09 am] khall : have a great time qwert [11:20 am] eyes : tol HOD [11:26 am] rusty : http://www.crainsnewyork.com/article/20120702/MEDIA_ENTERTAINMENT/120709989 [11:26 am] rusty : CNN anchor Anderson Cooper reveals he's gay [11:29 am] Ed : no surprise [11:30 am] joeytsa : he revealed that a while back [11:30 am] joeytsa : maybe he really means it this time? [11:30 am] Ed : their ratings are down also [11:31 am] joeytsa : yeah [11:31 am] rusty : U.S.-Backed Abound Solar Files for Chapter Seven Bankruptcy [11:32 am] joeytsa : CHRW just under $61 now..nice move [11:37 am] rusty : HZNP another on worth watching based on daily chart [11:46 am] rusty : any CBRL patrons here? [11:46 am] rusty : CBRL aficionados? [11:50 am] joeytsa : not anymore..saw a buy on it today [11:51 am] joeytsa : rusty: think it was sam collins who said it could go to$72..cant remember exactly [11:56 am] rusty : havent looked at in awhile...kinda surprised to see it up here [11:57 am] eyes : See U all tommorow [11:58 am] Ed : c ya eyes [11:58 am] rusty : bye eyes [11:58 am] khall : later eyes [11:58 am] eddy : bye eyes [11:58 am] joeytsa : yeah, think he said on a beak over $62, could get it to teh $70-74 area [12:01 pm] apple : bye eyes have fun [12:05 pm] joeytsa : AMZN testing prev cl again [12:18 pm] rusty : CHK adar [12:18 pm] rusty : CHK radar [12:19 pm] rusty : DOJ probe [12:20 pm] apple : thx rusty [12:21 pm] eddy : wat is DOJ? [12:22 pm] joeytsa : dept. of justice [12:23 pm] eddy : thx [12:24 pm] joeytsa : nice pullback on CHRW after failing at $61 [12:27 pm] eddy : halted? [12:27 pm] eddy : chk? [12:28 pm] eddy : no it is not [12:28 pm] rusty : ROK radar [12:30 pm] eddy : see you all [12:30 pm] eddy : done for tonite [12:30 pm] Ed : c ya eddy [12:30 pm] joeytsa : bye eddy [12:31 pm] joeytsa : thank for liking the video :) [12:31 pm] eddy : it was good joey [12:31 pm] eddy : bye [12:31 pm] joeytsa : thanks [12:31 pm] apple : when did you post it joey [12:31 pm] apple : bye eddy have fun [12:31 pm] joeytsa : i think saturday [12:34 pm] khall : so is that what you do in between trades? ;-) [12:37 pm] joeytsa : :) [12:40 pm] joeytsa : nice move on LNKD off that multi-bottom

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[12:43 pm] joeytsa : SPY vol a bit low [12:49 pm] apple : nice drops [12:49 pm] khall : I think I'm finished for the day - going to go get a weight workout in [12:50 pm] Ed : sounds good khall [12:50 pm] joeytsa : good for you k [12:50 pm] apple : have fun khall [12:51 pm] khall : I will - gotta love those box jumps [12:52 pm] joeytsa : nice..killer [12:52 pm] joeytsa : you have plyo boxes? [12:56 pm] rusty : not sure that kind of talk alowed around here [12:56 pm] apple : lol, we really missed you rusty -- patroling the chat room [12:57 pm] rusty : Mitch> Speak for yourself aapl [12:57 pm] apple : haha [12:58 pm] joeytsa : Thanks Mitch,Ed, everyone..have a great day, see you all tomorrow [12:58 pm] apple : bye joey have fun [12:59 pm] apple : thx MK, E and everyone. all have a wonderful evening. [12:59 pm] rusty : gn all [01:00 pm] apple : see you rusty

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

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

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

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

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

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

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

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

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

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

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

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

Also note that we are in what Martin Pring, PhD explains in his book The All-Season Investor, the business cycles and which one is good for various financial investments. He would describe that we are in Stage II of the business cycle which is positive for bonds and stocks but negative for commodities. Sometime in late 2011, we probably approach Stage 3 business cycle with rising inflation and interest rates, which are usually bad for stocks and bonds.

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

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

Mitch King and staff

TradeStocksAmerica.com.

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