daily stock report monday morning, july 9, 2012

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1 Daily Stock Report Monday Morning, July 9, 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! Friday’s jobs report showed only 80,000 jobs created and 8.2% unemployment rate still remains. The markets sold off as expected and it is likely the market starts trending down for some weeks, especially with European news looming about. Money flowed into US treasuries and German bonds as the two safe haven investments. This data might put pressure for the Fed to provide stimulus and no doubt the Obama administration is pushing for that to improve his chances for re-election. I don’t see a whole lot of reasons for the market to trend up through the summer. Today’s jobs numbers show there isn’t any momentum or growth in the US economy. The country is “on hold” now until we get some clarity on who is going to win the Presidential election although Romney is likely to gain momentum after today’s report. The odds are very high that we continue to see negative news out of Europe. The biggest event of the year isn’t going to be the election but how the politicians are going to deal with the budget agreement. Nobody is negotiating yet and it looks like it is going to go down to the wire again late this Fall, probably after the election knowing the political environment is so combative. It is really difficult to forecast now so it’s best to have a few smaller positions and wait for an extreme setup to get fully invested at that time. Don’t try to be aggressive now. 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. Brazil economy stalling 11. Money is flowing into US dollar, US Treasuries and German government securities. 12. US economic policy not repairing economy jobs data is weak. 13. India economy sharply pulling back now; just starting to hit news. 14. No serious discussion on US budget among politicians; Bernanke warns this as biggest fiscal cliff. 15. French President Hollande leaning heavily to the left toward spending and increasing taxes; not working well with Germany’s Merkel. 16. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision upheld heathcare law. 17. France being suggested as next European country to have financial problems. 18. Low volume summer trading. 19. US budget not established yet; deadline end of 2012. Summary Opinion It is really difficult to forecast now so it’s best to have a few smaller positions and wait for an extreme setup to get fully invested at that time. Don’t try to be aggressive now. Calendar (All Eastern times) Monday, 300pm, Consumer Credit, $9.5B Wednesday, 700am, MBA Mortgage Index, -6.7% Wednesday, 830am, Trade Balance, -48.9B Wednesday, 1000am, Wholesale Inventories, 0.3% Wednesday, 1030am, Crude Inventories Wednesday 200pm, FOMC Minutes Thursday, 830am, Initial Claims, 375K Thursday, 830am, Continuing Claims, 3300K Thursday, 830am, Import-Export Prices Thursday, 200pm, Treasury Budget Friday, 830am, PPI, -0.6% Friday, 055am, Michigan Sentiment. Follow-up notes: ROST, Ross Stores. Consider selling Monday if long. ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut on their earnings warning, try to get higher prices. It is still trending up last 7 days. Sell on first drop but could keep moving up for a few days. MNST, Monster Beverage is breaking down. Consider selling.

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Page 1: Daily Stock Report Monday Morning, July 9, 2012

1

Daily Stock Report Monday Morning, July 9, 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!

Friday’s jobs report showed only 80,000 jobs created and 8.2% unemployment rate still remains. The markets sold off as expected and it is likely the market starts trending down for some weeks, especially with European news looming about. Money flowed into US treasuries and German bonds as the two safe haven investments. This data might put pressure for the Fed to provide stimulus and no doubt the Obama administration is pushing for that to improve his chances for re-election.

I don’t see a whole lot of reasons for the market to trend up through the summer. Today’s jobs numbers show there isn’t any momentum or growth in the US economy. The country is “on hold” now until we get some clarity on who is going to win the Presidential election although Romney is likely to gain momentum after today’s report. The odds are very high that we continue to see negative news out of Europe.

The biggest event of the year isn’t going to be the election but how the politicians are going to deal with the budget agreement. Nobody is negotiating yet and it looks like it is going to go down to the wire again late this Fall, probably after the election knowing the political environment is so combative.

It is really difficult to forecast now so it’s best to have a few smaller positions and wait for an extreme setup to get fully invested at that time. Don’t try to be aggressive now.

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. Brazil economy stalling

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

12. US economic policy not repairing economy jobs data is weak.

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

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

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

16. Healthcare costs and tax structure for US companies unclear; US Supreme Court decision upheld heathcare law.

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

18. Low volume summer trading.

19. US budget not established yet; deadline end of 2012.

Summary Opinion It is really difficult to forecast now so it’s best to have a few smaller positions and wait for an extreme setup to get fully

invested at that time. Don’t try to be aggressive now.

Calendar (All Eastern times) Monday, 300pm, Consumer Credit, $9.5B Wednesday, 700am, MBA Mortgage Index, -6.7% Wednesday, 830am, Trade Balance, -48.9B Wednesday, 1000am, Wholesale Inventories, 0.3% Wednesday, 1030am, Crude Inventories Wednesday 200pm, FOMC Minutes Thursday, 830am, Initial Claims, 375K Thursday, 830am, Continuing Claims, 3300K Thursday, 830am, Import-Export Prices Thursday, 200pm, Treasury Budget Friday, 830am, PPI, -0.6% Friday, 055am, Michigan Sentiment.

Follow-up notes: ROST, Ross Stores. Consider selling Monday if long. ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut on their earnings warning, try to get higher prices. It is still trending up last 7 days. Sell on first drop but could keep moving up for a few days. MNST, Monster Beverage is breaking down. Consider selling.

Page 2: Daily Stock Report Monday Morning, July 9, 2012

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Focus Chart: (Worden Telechart 2007-Download FREE on home page of www.TradeStocksAmerica.com.) WLP, Wellpoint. Watching for long entry next 2-3 days. This needs to stop dropping before buying long.

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

VC, Virnetx had a short with a 6% potential profit today. Light volume but good movement in stocks.

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) A, Agilent. Consider small short WLT, Walter Energy. Consider small short. 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. CANCEL

Intermediate Trade Ideas: (weeks to months) PKI, Perkinelmer. Consider small short. CSC, Computer Sciences. Consider small short. PXD, Pioneer Natural Resources. Consider small short. QCOR, Questcor Pharmaceutical. Consider small short. BAS, Basic Energy. Consider small short. ERJ, Embraer Aircraft. Consider small long position. KSU, Kansas City Southern. Consider small long position. VC, Visteon. Consider small long position. GRA, WR Grace. Consider small long position. PEP, Pepsico. Consider small long position. HIG, Hartford Financial. 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. WFM, Whole Foods. Consider small long position.

Aggressive Investors-Traders (Higher risk, higher reward) DNDN, Dendreon. Consider small short position. Volatile stock. WLP, Wellpoint. Watching for long position next 2-3 days. SUPN, Supreme Pharmaceuticals. Bullshort. Big move up on Friday which is typical danger of Bullshort. This has low float, haven’t seen any shares available to short; CANCEL idea if no shares. 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.

Page 3: Daily Stock Report Monday Morning, July 9, 2012

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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 CCCCllllosed osed osed osed TTTThhhhursday ursday ursday ursday for for for for 75% profit.75% profit.75% profit.75% profit. 42.69 74.7474.7474.7474.74

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

FNGNFNGNFNGNFNGN, Financial Eng SHORT-SWI If If If If doesn’tdoesn’tdoesn’tdoesn’t go below $20 then cover.go below $20 then cover.go below $20 then cover.go below $20 then cover. 20.50

CHMT,CHMT,CHMT,CHMT, Chemtra SHORT-SWI If If If If doesn’tdoesn’tdoesn’tdoesn’t break down below $14 then cover.break down below $14 then cover.break down below $14 then cover.break down below $14 then cover. 14.82 14.31

VCI, VCI, VCI, VCI, Volassis SHORT-SWI Likely to see drop if you are still short. 20.50 21.50

SHFL,SHFL,SHFL,SHFL, Shuffle Mast AGGSHORT Closed Thursday at breakeven. 14.25 14.25

NBL, NBL, NBL, NBL, Nobile Energy LONG-SWI CCCCllllosed osed osed osed remaining long Friday for remaining long Friday for remaining long Friday for remaining long Friday for 10.7%10.7%10.7%10.7% profiprofiprofiprofi avgavgavgavg 78.75

HUM,HUM,HUM,HUM, Human Health LONG-SWI Sold long Thursday, -3%; consider covering 78.81 77.24

TARO, TARO, TARO, TARO, Taro Pharm SHORT-SWI Closed short Thursday for 3% profit. 37.35 36.50

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

SNI, SNI, SNI, SNI, Scripps Netw LONG-INT Approaching new highs 57.31

SHW, SHW, SHW, SHW, Sherwin Will LONG-INT Approaching new highs 133.10

WAG, WAG, WAG, WAG, Walgreens LONG-INT Acting weak for a long; Acting weak for a long; Acting weak for a long; Acting weak for a long; consider closing.consider closing.consider closing.consider closing. 29.33

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

IAGIAGIAGIAG, IamGold SHORT-INT Watching for mid 10Watching for mid 10Watching for mid 10Watching for mid 10’’’’s.s.s.s. 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 Covered for Covered for Covered for Covered for 2.6% loss; consider covering2.6% loss; consider covering2.6% loss; consider covering2.6% loss; consider covering.... 69.25 71.25

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 ReReReRe----entered short Fridaentered short Fridaentered short Fridaentered short Fridayyyy 26.26.26.26.97979797

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

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

LVLT,LVLT,LVLT,LVLT, Level 3 Comm. SHORT-SWI Breaking down last few days, hold short.Breaking down last few days, hold short.Breaking down last few days, hold short.Breaking down last few days, hold short. 21.65

CLBCLBCLBCLB, Core Labs SHORT-INT Covered Covered Covered Covered Friday Friday Friday Friday for for for for slight profislight profislight profislight profit.t.t.t. 113.50 113113113113

FFIV, FFIV, FFIV, FFIV, F5 SHORT-INT Covered Thursday for 4% loss. 96.63 100.18

RHT,RHT,RHT,RHT, Redhat SHORT-INT Consider covering short MConsider covering short MConsider covering short MConsider covering short Moooonday.nday.nday.nday. 54.15 53.0053.0053.0053.00

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

TLM,TLM,TLM,TLM, Talisman Enrgy LONG-INT Closed TClosed TClosed TClosed Thhhhursdayursdayursdayursday for 4% profitfor 4% profitfor 4% profitfor 4% profit;;;; consider selling.consider selling.consider selling.consider selling. 11.54 11.90

LXKLXKLXKLXK, Lexmark LONG-INT Looking for gradual uptrend.Looking for gradual uptrend.Looking for gradual uptrend.Looking for gradual uptrend. 26.47

ICON, ICON, ICON, ICON, Iconix LONG-INT Looking for gradual uptrend.Looking for gradual uptrend.Looking for gradual uptrend.Looking for gradual uptrend. 17.60

PEPPEPPEPPEP, Pepsico. LONG-INT Approaching high. 70.34

HIGHIGHIGHIG, Hartford Life LONG-INT Higher high Tuesday.Higher high Tuesday.Higher high Tuesday.Higher high Tuesday. 17.45

GWRE, GWRE, GWRE, GWRE, Guidewire SHORT-INT LLLLooking for this to turn over.ooking for this to turn over.ooking for this to turn over.ooking for this to turn over. 27.68

Page 4: Daily Stock Report Monday Morning, July 9, 2012

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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 6, 2012 TSA Moderator Chat [06:14 am] Ed : good morning traders [06:34 am] Mitch K: watching MTH for bottom [06:34 am] Mitch K: watching CAT for bottom to buy [06:35 am] Mitch K: watching for short on GMCR [06:35 am] Mitch K: watching ADSK for bottom [06:36 am] Mitch K: watching or top in XRTX for short [06:36 am] Mitch K: watching couple of low priced stocks: PLCM and RVBD for bottom to buy [06:36 am] Mitch K: watching VMW for bottom [06:37 am] Mitch K: to buy [06:37 am] Mitch K: watching WYNN, MCP, WLT, VFC for bottom [06:38 am] Mitch K: missed bottom in TDC but watching for another bottom to buy [06:38 am] Mitch K: watching WDC for top to short [06:39 am] Mitch K: watching WLT closer [06:39 am] Mitch K: watching LRCX for bottom to buy [06:40 am] Mitch K: watching CRM for bottom to buy [06:41 am] Mitch K: good call on INFA earlier doji, missed bottom here, looks like more upside [06:42 am] Mitch K: watching CTXS for bottom to buy, should give multple trades today [06:42 am] Mitch K: monitoring BIIB for top to short, take time [06:43 am] Mitch K: watching WAT for bottom to buy [06:44 am] Mitch K: usually USG slow mover [06:44 am] Mitch K: watching USG for top to short, take time [06:45 am] Mitch K: watching LRCX closer [06:45 am] Mitch K: watching QLIK for bottom to buy [06:45 am] Mitch K: watching ADSK closer, getting interesting for long soon [06:46 am] Mitch K: watching FTNT for bottom to buy [06:47 am] Mitch K: monitoring EQIX [06:48 am] Mitch K: watching LRCX closer [06:48 am] Mitch K: monitoring EMC for bottom [06:48 am] Mitch K: watching CTXS closer [06:49 am] Mitch K: watching NIHD for bottom [06:49 am] Mitch K: watching NFLX for a bottom to buy, should give a good bounce if it keeps dropping, was real bullish yesterday [06:50 am] Mitch K: watching for top in XRTX [06:51 am] Mitch K: watching QLIK for bottom to buy [06:51 am] Mitch K: these drops are getting more interesting; [06:53 am] Mitch K: consider sellling WYNN long [06:53 am] Mitch K: watching ARNA for bottom [06:53 am] Mitch K: watching MCHP for bottom to buy [06:54 am] Mitch K: consider covering WDC if short [06:54 am] Mitch K: watching CTXS for bottom to buy [06:54 am] Mitch K: watching PMTC for bottom, take time [06:56 am] Mitch K: watching ADTN for bottom to buy [06:58 am] Mitch K: watching RHT for bottom to buy [07:00 am] Mitch K: i still like all these charts that are dropping.... still looking for small bounces. Charts like WAT, CTXS, IBM, CRM, ADSK [07:00 am] Mitch K: watching SYNC for top to short [07:01 am] Mitch K: watching ALK for top

July 6, 2012 User Chat [06:13 am] joeytsa : the next few weeks should be interesting to say the least [06:13 am] doji : Good morning fellas [06:13 am] skydiver : gm doji [06:14 am] skydiver : gm Ed [06:14 am] joeytsa : Good morning Mitch, Ed [06:14 am] dadecuir : Good morning! [06:16 am] skydiver : NFLX rose a bit more this morning [06:16 am] doji : NFLX crazy... people will go over the stock from the open most probably [06:16 am] doji : thos who lost tons of money when with was above 300 [06:17 am] skydiver : crazy doji [06:17 am] skydiver : on NFLX [06:17 am] skydiver : I see CRM is down [06:18 am] doji : Is Mike here? [06:19 am] doji : INFA at 30 [06:20 am] lisas : gm all [06:20 am] joeytsa : no doji, mike will be in later [06:21 am] doji : Thanks Joey [06:23 am] cdougan : Tons of Volume on INFA Doji [06:23 am] doji : YEs cdougan [06:23 am] doji : It's holding 30 right now [06:23 am] doji : I'll watch it closely [06:24 am] scalpman : INFA big gap down [06:24 am] cdougan : yea, will be interesting to see what happens when it breaks 30. or If [06:25 am] skydiver : INFA - dissapointment with earnings - support at 29.94 28.88 pivot low - according to fly on the wall [06:26 am] khall : thanks sky [06:28 am] joeytsa : INFA lost $30 [06:28 am] eyes : Does Anyone here know how to show Premarket on TS [06:28 am] joeytsa : i forgot how i did it..its in one of the videos though [06:28 am] doji : INFA is tanking [06:29 am] Ed : click on icon at top that looks like clock, u can chage interval [06:29 am] lisas : yes eyes, go to icons at top [06:29 am] lisas : about the middle [06:29 am] cdougan : Next support 0$ [06:29 am] eyes : Got it ty [06:29 am] doji : S=29.4 from a year ago [06:29 am] lisas : 2 to left of black box around green bar symbol [06:30 am] doji : Wow INFA [06:30 am] skydiver : out 3/4 INFA S [06:31 am] skydiver : all out of INFA S [06:31 am] doji : Gap down to 27.10 [06:31 am] doji : INFA [06:32 am] joeytsa : i have 28.12 as the low? [06:32 am] skydiver : yes joey [06:32 am] joeytsa : ok good, doji had 27.10 [06:33 am] joeytsa : watching STX [06:33 am] scalpman : OUt 1/2 INFA L [06:34 am] joeytsa : ES trying to hold 1350

Page 5: Daily Stock Report Monday Morning, July 9, 2012

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[07:02 am] Mitch K: watching QLIK for bottom to buy [07:05 am] Mitch K: watching PLCM for bottom [07:05 am] Mitch K: still monitoring GRPN [07:06 am] Mitch K: ROmney is on and used similar term that Reagan did in 1980 . . . do you want more of the same? [07:08 am] Mitch K: Obama has proposed this twice at a rate of 0.0025 or 1/4 of 1%, no matter if you made or lost money, it is a tax on the whole principle amount of the trade [07:08 am] Mitch K: Mr. ROmney: will you propose a financial transaction tax for every stock, mutual fund, etf made in the USA? [07:09 am] Mitch K: EU summit said they are going to create one in their meeting last week [07:14 am] Mitch K: gives me a clue it will bounce well on any rebound in the overall market [07:14 am] Mitch K: CRM one of the very few stocks trying to bottom [07:16 am] Mitch K: lower low on WLT [07:16 am] Mitch K: ADTN trying to bounce, still weak though. We want to see all these dumpers start to move but watch index like SPY or QQQ to see if overall market is moving [07:18 am] Mitch K: wow, 123.03 for EUR [07:20 am] Mitch K: SYNC acting toppy [07:22 am] Mitch K: LRCX bouncy [07:24 am] Mitch K: SPY moving up [07:24 am] Mitch K: getting some bounces, CRM moving up more, PLCM starting, starting to see stocks perk up [07:25 am] Mitch K: ADSK, MCHP, RY bottoming [07:25 am] Mitch K: GRPN, RVBD RY bottoming [07:26 am] Mitch K: WLT trying to bounce [07:26 am] Mitch K: ALTR, UTX, LRCX, PMTC bottoming [07:27 am] Mitch K: watching ILMN for bottom [07:30 am] Ed : GMCR still strong in uptrend has some potential resistance 25.95 area [07:32 am] Mitch K: no follow through on the SPY bounce [07:33 am] Ed : monitor APC has resistance in the 66.37 ish area [07:39 am] Mitch K: Misery Index, i like that term, it was developed right here [07:41 am] Mitch K: I was referring to work related problem joey [07:43 am] Ed : monitor CHK been having trouble with 20 area [07:50 am] Ed : SPY approaching lod [07:55 am] Ed : if u took APC short would cover some here [07:55 am] Ed : if u took CHK short would cover some here [08:25 am] Ed : SPY new lows [08:30 am] Ed : more selling in markets [08:34 am] Mitch K: watching SUPN [08:43 am] Ed : getting bounce in SPY [09:08 am] Mitch K: watching NAV [09:22 am] Ed : monitor CHKP see if 46.95ish area holds [09:47 am] Ed : getting bounce in SPY [09:50 am] Mitch K: watching ALEX [10:18 am] Ed : if u took CHKP long would reduce some here [10:28 am] Mitch K: its a trading system eyes, much more than an indicator. but its coming along [10:29 am] Mitch K: we will have an visual red warning over the price chart when it is not recommended to trade. and an audio that says "No Trading Zone" [10:30 am] Mitch K: not sure doji, been spending many man hours trying to perfect it, make it faster, earlier, alerts toward the top better. [10:31 am] Mitch K: no preview jason [11:13 am] Ed : SPY near lod [11:33 am] Ed : getting bounce in SPY [11:55 am] Ed : getting nice bounce in SPY [11:58 am] Ed : wathicng RBC for potential short

[06:36 am] joeytsa : XRTX moving [06:37 am] eyes : Thanks Joey out 1% STX [06:37 am] joeytsa : INFA testing res [06:37 am] joeytsa : push here might give a nice move [06:37 am] joeytsa : just not ure i will [06:38 am] doji : INFA [06:38 am] joeytsa : trail STX if long :) [06:39 am] skydiver : missed LNKD and was starring at it on screen -- coffee!! [06:39 am] joeytsa : at least you were staring at it..i didnt look at it :) [06:40 am] scalpman : out another 1/4 INFA L [06:40 am] doji : GMCR [06:41 am] skydiver : monitoring CRM [06:41 am] scalpman : All out INFA [06:42 am] joeytsa : $31printed on INFA [06:42 am] skydiver : INFA - nice :) [06:42 am] joeytsa : braindead play :) [06:42 am] skydiver : I'll take brain dead any day :) [06:42 am] joeytsa : :) [06:43 am] joeytsa : yeah MItch, CTXS,VMW,FFIV..all connected to INFA news [06:44 am] skydiver : thnx joey on info . . . [06:44 am] khall : stinking trading computer crashed - had to totally reboot [06:44 am] joeytsa : oh no [06:44 am] doji : Apple needs to share the profits all thos NFLX calls! [06:44 am] joeytsa : watching OTEX [06:48 am] doji : QLIK at support [06:49 am] doji : NFLX dropping [06:49 am] joeytsa : SXCI drop [06:49 am] doji : NFLX CEO unloading stocks? [06:49 am] doji : hahaha [06:50 am] joeytsa : FOSL looks weak [06:51 am] skydiver : JOY double bottom [06:52 am] doji : NFLX [06:52 am] joeytsa : same with LNKD sky [06:52 am] skydiver : thnx joey [06:52 am] joeytsa : actually seeing quite a few [06:53 am] skydiver : LULU as well [06:53 am] joeytsa : yep, GS too [06:53 am] joeytsa : i have them all on1 monitor funny enough [06:54 am] skydiver : watching FIRE for a bottom - funny joey :) [06:54 am] joeytsa : eye on AMZN, see what it does ona pullbac to $226 [06:56 am] doji : NFLX L 82.13 [06:56 am] apple : nflx [06:56 am] joeytsa : only report coming up is Nat Gas storage at 7:30 PDT [06:58 am] joeytsa : approx 4pt opening range on the ES [06:59 am] skydiver : Wish I coiuld stay!! got to take a friend to the airport - see you all later today maybe - if not Monday -- green day!! :) [06:59 am] joeytsa : be good sky, FIRE moving [07:00 am] doji : FIRE too fast [07:00 am] skydiver : make lots of money joey and all !! kb [07:00 am] joeytsa : :) [07:00 am] doji : CTXS [07:00 am] joeytsa : watching TDC at $65 [07:01 am] doji : Noooo... misseed the breakout in GMCR... [07:01 am] doji : Need another screen [07:02 am] joeytsa : how many do you have doji? [07:02 am] doji : 3 [07:02 am] joeytsa : ok [07:03 am] doji : but have to switch to check e-mails and look at presentations during conference calls

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[12:04 pm] Mitch K: hey is the midwest getting rain or something? Corn prices down a lot today [12:04 pm] Ed : consider covorering some RBC short [12:13 pm] Ed : I wil trail last piece of RBC short [12:13 pm] Ed : cover more RBC short [12:26 pm] Ed : out all RBC short [12:56 pm] Ed : have an awesome weekend [12:56 pm] Mitch K: later guys, have a good weekend, slowest day of the year that i could see was today

[07:03 am] joeytsa : ahhh gotya [07:04 am] joeytsa : buy a cheap laptop for that stuff [07:04 am] joeytsa : trail stop if long TDC [07:04 am] joeytsa : nice hold at $65 [07:05 am] doji : WFT yesterday at 13... now lower 12.... that is an ATM stock [07:05 am] doji : Drop in SPY [07:06 am] doji : GRPN at 52-week low [07:07 am] joeytsa : just listening to that Mitch [07:07 am] joeytsa : Romney called this a "kick in the gut" good one [07:08 am] doji : SPY new lod [07:08 am] khall : yeah - very good choice of words [07:09 am] joeytsa : not sure i like the sound of the word "tax" [07:10 am] khall : that is crazy - taxing every trade whether you gain or lose? [07:10 am] khall : CRM looking like it's tryng to turn up here [07:19 am] khall : dang, missed the rebound on LQDT [07:19 am] khall : right on the screen too [07:23 am] khall : INFA [07:26 am] joeytsa : nat gas #'s in a few [07:28 am] joeytsa : cant remember how, but a while back i signed u for a free IBD Tech Report... [07:28 am] joeytsa : it comes everynight, sometmes gives some usefull info on stocks to watch the next day... [07:29 am] joeytsa : last nights gave me the heads up on VMW,FFIV,CTXS off the INFA news [07:30 am] joeytsa : canada's IVEY PMI was awful..came in at 49.0, with 55.4 forecast, 60.5 last [07:31 am] joeytsa : there's Ed !!! [07:32 am] Ed : easy to get lost in shuffle [07:32 am] joeytsa : yeah, at least there is shuffling today though [07:32 am] Ed : was speakn of the life shuffle [07:33 am] joeytsa : ahhh [07:33 am] Ed : on no thats football, the icky shuffle [07:33 am] joeytsa : :) [07:33 am] joeytsa : i still knw how to do thathah [07:34 am] joeytsa : nat gas 39B [07:34 am] joeytsa : forecast was 44B, last 57B [07:35 am] aussie123 : Ed...if you remember the Ikky shuffle... your dating yourself [07:35 am] Ed : lol [07:35 am] go4it : Mitch thanks 3% on XRTX! [07:35 am] joeytsa : Ed still practices it in the mirror [07:35 am] scalpman : GMCR S @ 24.86 [07:36 am] joeytsa : nice go4it !!! [07:36 am] go4it : tks Joey [07:37 am] Ed : nice bruce bruce [07:37 am] go4it : tks Ed [07:39 am] scalpman : out 1/2 GMCR 1% [07:39 am] doji : Back [07:39 am] joeytsa : i like it [07:40 am] joeytsa : you sure thats not a poll of US husbands :) [07:41 am] Ed : nice twade scalp [07:41 am] joeytsa : :) [07:41 am] khall : Obama speaking - hang on to your shorts - LOL [07:42 am] joeytsa : dbl top on GS [07:42 am] khall : speaking later this hour - not right now [07:42 am] joeytsa : wonder how he will spin this job # [07:42 am] khall : I don't know how he can really [07:42 am] joeytsa : who can he blame this month [07:43 am] khall : he needs more time? [07:43 am] khall : overflow from Europe? [07:43 am] doji : INA [07:43 am] doji : INFA [07:44 am] scalpman : OUt another 1/.4 GMCR S 1% [07:46 am] scalpman : GMCR S Stop @ 24.71

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[07:47 am] doji : out 1/2 INFA short... 1% [07:48 am] scalpman : good on edoji [07:48 am] scalpman : one [07:50 am] doji : Thansk Scalp [07:50 am] doji : out another 1/4, 2% [07:51 am] doji : NFLX moving [07:55 am] khall : Obama on [07:57 am] doji : Obama moving NFLX? [07:57 am] scalpman : NFLX L @ 84.02 [07:58 am] scalpman : out 2/3 NFLX L [07:58 am] doji : By Jon Friedman , MarketWatch NEW YORK (MarketWatch) -- I'm not drinking the Netflix Kool-Aid.Are you?I don't believe this company's financial fortunes have yet brightened to a point where this curious stock should soar 14% in Thursday trading.Do you?I'm not buying what the stock market is selling -- the hype that Netflix's shares will keep going up. Netflix Chief Executive Reed Hastings delivered the news that Netflix's online viewing surpassed 1 billion hours for the first time in June, in a creative and ingenious way: He used social media. On Tuesday, after the market closed, Hastings took note of the milestone on Facebook . By bypassing the usual press release, he built a buzz using social media, which may have made the news seem sexier.Kudos to you, Mr. Hastings.He looked brilliant when, on Thursday, the financial markets buzzed with the sound and fury of Netflix's explosive rise. The shares closed up more than 13%, and, naturally, all day there was chatter of a "bull [07:59 am] doji : arket" in the stock.My comment: Ha ha ha. [07:59 am] doji : market [08:00 am] doji : out NFLX L 1/2 [08:02 am] doji : GMCR [08:02 am] scalpman : Stopped on NFXL L b.e. on last piece [08:03 am] Ed : nice going scalp, ur trading in the zone [08:03 am] doji : I am still holding 1/2 position GMCR [08:03 am] doji : NFLX sorry [08:04 am] scalpman : Thanks Ed [08:04 am] doji : GMCR full position [08:06 am] scalpman : I didn't want to be overly enthusiastic but I was Long INFA and then short...for $3100...lunch on me...one of my biggest trades. [08:06 am] Ed : nice going scalp [08:06 am] scalpman : Thanks...trying to remain calm [08:07 am] khall : I wouldn't be calm - I'd be too excited - GREAT trading scalp [08:07 am] Ed : good, deal, now all forgotten, its in the past [08:07 am] aussie123 : great scalp [08:07 am] scalpman : yes...good deal...looking ahead. [08:07 am] doji : You needed at least 2,000 shares on INFA Scalpman [08:08 am] go4it : WTG Scalp! [08:08 am] scalpman : Yes..I hate to admit this..but I had 1000 shares...and got so excited when trying to sell as it moved, that bought another $1000... as it kept moving up. [08:08 am] scalpman : ..by accident...I truly a novice... [08:08 am] go4it : WTG Scalp awesome! [08:09 am] aussie123 : scalp ...its happened to all ofus at least once [08:10 am] khall : yes, just happy for you that it worked out well [08:10 am] scalpman : Thanks guys. I guess we do this for a day like to day... [08:11 am] scalpman : still working on regular trades, too. [08:12 am] go4it : Emotions can mess with our brains good and bad [08:13 am] Ed : agreed [08:16 am] doji : CHK is messing with me... doesn't want to move above 20... [08:19 am] Ed : what was news on CVLT [08:24 am] rusty : gm [08:24 am] rusty : German regulators are said to be launching probe

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of Deutsche Bank related to LIBOR scandal [08:24 am] apple : hey rusty gm [08:25 am] scalpman : Watch BOIL [08:25 am] doji : SPY making new lows [08:26 am] eddy : stx at vwap [08:29 am] scalpman : BOIL is "funky" [08:30 am] doji : OIl dropping [08:33 am] apple : watching DUK [08:35 am] doji : out last 1/4 short INFA [08:36 am] doji : it dropped down back to the VWAP [08:36 am] joeytsa : AA reports monday afternoon...kickoff to earnings :) [08:36 am] doji : Thanks Joey... that willl be an interesting report to see [08:37 am] joeytsa : yep..especially if there are any hints at "euro problems" [08:37 am] doji : What do you think? [08:37 am] doji : I already have my answer to that [08:37 am] doji : but what to hear your input [08:38 am] joeytsa : i think AA hints at it, then each company adds to it [08:39 am] doji : SUPN is a bullshort in the DSR. I has moved over 12% today [08:42 am] joeytsa : doji: what are your "earnings' thoughts [08:44 am] joeytsa : i just dont see a healthy market overall [08:44 am] joeytsa : china cut rates twice in a month [08:44 am] doji : At least for oil companies, they will report revenue as expected but earnings may be compromised; they will however warining about Europe and adjust the EPS for the next quarters [08:44 am] go4it : SUPN not easy to borrow at T/S [08:44 am] joeytsa : tep [08:45 am] joeytsa : thats yep, not tep [08:47 am] go4it : lol Joey Iknew that [08:47 am] go4it : also hard to borrow at Schwab [08:48 am] joeytsa : same at lightspeed [08:48 am] go4it : Mitch is teasing us again lol [08:48 am] joeytsa : haha [08:49 am] eyes : QCOM [08:50 am] eyes : KLAC [08:51 am] joeytsa : see you guys in an hour or so [08:51 am] Ed : nice one apple on DUK [08:51 am] apple : bye joey have fun [08:51 am] Ed : c ya joey [08:51 am] apple : yeah, i thought so, too, thx E [08:53 am] doji : CRM has been holding 134.7 for almost 2 hours [08:53 am] scalpman : bye joey [08:54 am] apple : looks like SUPN getting ready to push higher [08:54 am] doji : now breaking down with volume [08:54 am] Ed : same with BIDU holding the 115 area [08:58 am] doji : Euro new low vs. Dollar [08:58 am] doji : 1.2279 [09:01 am] doji : SPY new lod [09:12 am] scalpman : NAV L oout 1/2 [09:16 am] scalpman : stopped on 2nd half NAV... [09:17 am] scalpman : Time to go...great day...see you all monday. [09:17 am] scalpman : Thanks for excellent calls. [09:17 am] scalpman : Bye [09:18 am] scalpman : Scalpman has left the building! [09:19 am] Ed : c ya scalp [09:19 am] apple : bye scalp have a fun weekend [09:20 am] cdougan : Have a great day everyone. Thanks for the great calls. [09:20 am] Ed : c ya cdougan [09:20 am] apple : bye cd have a great weekend [09:20 am] eyes : QCOM bottomed out [09:37 am] doji : Watcging INFA

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[09:40 am] rusty : NAV bash CNBC [09:51 am] doji : ALEX has 20c spread [10:01 am] apple : BIDU broke consolidation [10:02 am] Ed : thx appelonia, took my eye off it [10:03 am] doji : BIDU? [10:03 am] doji : I see a double top there [10:03 am] eyes : Hows your Indicator coming along MITCH [10:03 am] Ed : mentioned earlier aout holding 115 [10:05 am] Ed : yea doji, would not be buyer here in downtrending market [10:05 am] doji : Oh I see, the lower 115 range [10:12 am] mh : nflx [10:20 am] doji : INFA [10:22 am] doji : NFLX at lod [10:29 am] doji : Hey Mitch, when do you expect to release it? I travel a lot so I'd like to be back at home when it's released; I don;t want to miss it! [10:29 am] eyes : Cool [10:30 am] Ed : and it will say ur name like "NO TRADING EYES" [10:30 am] Ed : just kidding [10:30 am] eyes : All the Better LOL [10:30 am] doji : hahahaha [10:31 am] jsn13 : Mitch, do u have a preview for us now? for the new added feature.... [10:31 am] jsn13 : Ok no prob mitch.... [10:31 am] doji : No problem Mitch but if you can just give us a heads up 2-3 weeks in advance, I'll extremely appreciatte it... [10:40 am] rusty : Mitch how come when I link up to your automated trading system (beta) am only making 50k/day instead of the usual 100k [10:41 am] Ed : emotions?????? [10:43 am] rusty : SUPN hod, low volume stock being played by momo dayraders [10:49 am] eyes : WHAT A DAY [11:13 am] apple : hey, but good ole RIMM is climbing [11:17 am] khall : That is hilarious apple [11:17 am] apple : BIDU is hugging that 115 area [11:17 am] apple : one last hurrah? [11:17 am] khall : dead RIMM bounce [11:17 am] apple : before death [11:18 am] apple : RIMM taps [11:20 am] apple : DMND also moving higher today [11:22 am] murano : TPX [11:23 am] apple : thx murano [11:23 am] doji : NFLX [11:25 am] apple : doji SLB down today, were you short [11:25 am] doji : Yes Appple, got it at 65.95 this morning [11:25 am] apple : LEN also made it back up [11:26 am] doji : Using the Open Range [11:26 am] apple : good for you [11:26 am] doji : I forgot about LEN today [11:26 am] apple : uh oh.... [11:26 am] apple : great job on SLB doji [11:26 am] doji : Was watching INFA instead [11:28 am] apple : it just dropped and pretty much consolidated [11:28 am] apple : SHLD dropped today as well [11:29 am] apple : nice drop on TPX [11:29 am] apple : big drop on PANL as well [11:30 am] doji : The EUR/USD hit the 52-week low [11:30 am] apple : thx doji [11:30 am] joeytsa : thx doji [11:31 am] joeytsa : gregs : are you here? [11:33 am] eyes : Hey For anyone looking For Computer monitor Stands Costco.com has a awesome one [11:33 am] apple : he should be joey, just checked, he's logged in [11:33 am] apple : how is the cat doing

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[11:34 am] joeytsa : they are still checking the kidneys, thanks for asking [11:35 am] apple : poor baby [11:37 am] gregs : eyes, do you mean the visidec one [11:37 am] apple : there's greg joey [11:37 am] gregs : uh oh what'd i do [11:37 am] joeytsa : gregs: you asked me a question about gaps yesterday, did i answer it for you? [11:37 am] eyes : yes it is really nice mine just showed up [11:38 am] gregs : i think so, i asked about scanning on volume and you said you scan on price change, not % [11:38 am] gregs : which i found interesting, but i suppose you really just care about the number of shares X price change [11:39 am] joeytsa : good, just wanted to make sure that my answer made sense.... [11:39 am] joeytsa : i look for price change first, but do need to see some volume..dont want a stock thats only traded 2000 shares for example [11:39 am] gregs : i think so... i played with INFA today and got a little burnt... think i'm going to make a rule to play with <5% gappers [11:42 am] apple : sounds good greg [11:42 am] doji : The wider the gap the better,and if it consolidates near S/R, then you just need confirmation to play it [11:43 am] joeytsa : yeah gregs, you have to find whats comfortable to you [11:43 am] joeytsa : i also avoid takeovers/buyouts etc [11:44 am] joeytsa : best gaps are the ones that make no sense ( to fade )... [11:44 am] joeytsa : ie: stock has great earnings but gets hammered overnight [11:45 am] gregs : hmm thats interesting [11:46 am] gregs : is that because the earnings were lower than expected? [11:46 am] joeytsa : drop on great earnings is usually do t profit taking... [11:46 am] joeytsa : most likely the daily chart would have been in an uptrend [11:47 am] gregs : doji, hod/lod works for me too, especially if the stock heads in the opposite direction and turns around in a "u" shape (sometimes can only see u on tick chart) [11:48 am] gregs : joey, to what extent do you let the 15m chart influence you on gaps? besides it being an e-gap or r-gap [11:49 am] gregs : or do you just play what you see on 1m [11:50 am] joeytsa : honestly, i only use the 1min [11:50 am] joeytsa : esp on the open [11:50 am] gregs : cool, yeah sometimes i think i overthink the gaps [11:51 am] joeytsa : gaps are tough, move fast [11:53 am] rusty : TPX radar [11:53 am] doji : NFLX [11:54 am] doji : SPY moving [11:55 am] joeytsa : VFC nice move past few minutes [11:57 am] doji : Professional Money Managers getting back to work on Monday...... don't take prisioners during the weekend [12:02 pm] rusty : Professional money managers are in the Hamptons flirting with your daughter [12:03 pm] gregs : haha [12:04 pm] doji : Easy Rustoleum... [12:05 pm] doji : /ZC down 2.26% Mitch [12:06 pm] doji : basically loosing all yesterday's gains... that is on corn futures [12:06 pm] gregs : so, is it crazy to attempt entries on RBC if they break the trendline on the tick chart and/or the 20 period MA? [12:07 pm] gregs : i did just now and yesterday and its working, so wondering if this makes sense [12:07 pm] gregs : not having as much luck entering on pullbacks

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[12:09 pm] joeytsa : not sure on that greg [12:09 pm] doji : LEN hod [12:13 pm] eyes : Well I am Done Have a awesome weekend -209 for the day [12:13 pm] apple : thx MK, E and everyone. all have a wonderful weekend. [12:13 pm] apple : bye eyes [12:13 pm] Ed : c ya eyes and apple [12:13 pm] joeytsa : bye eyes, apple [12:13 pm] doji : Bye Apple [12:14 pm] doji : Hey Ed, how do you trade a stock like RBC that had 15c to 24c spread? [12:16 pm] Ed : always use limit, when I went short spread was only .07 [12:16 pm] Ed : lot time spread changes u can wait for spread to tighten which happens also [12:17 pm] Ed : when I say change I meant it can go frome wide spread to tight [12:17 pm] doji : I saw the spread tigtening but the price was already 64.13 [12:17 pm] doji : and with 64.0 round number only 13c below, I step aside [12:18 pm] Ed : in that case just pass, [12:18 pm] doji : 63 sorry [12:18 pm] doji : What was your entry? [12:18 pm] Ed : 64.23 [12:18 pm] doji : At 64.13, the spread was still 8c [12:18 pm] doji : so your spread was 10c/12c? [12:19 pm] Ed : to be honest did not look at it at that time [12:19 pm] doji : I always look at the spread to see how wide I have to place my stop [12:21 pm] Ed : when I use to pay attention to spread it influenced my trades, so I stopped. just what works 4me [12:22 pm] doji : Thanks.... I step aside on >5c spreads and thin volume... [12:23 pm] rusty : BBY 600 Geeks being layed off [12:23 pm] joeytsa : plus 1800 others? [12:23 pm] rusty : yes [12:23 pm] rusty : non Geeks [12:24 pm] joeytsa : just more of the same [12:24 pm] Ed : great point doji, as long as ur sticking to ur trading plan, which is key [12:24 pm] joeytsa : people are using these places as demo stores..then buying online [12:25 pm] Ed : now if spread get ridicuolous like on BVSN when spread was 1.25 I pass also [12:25 pm] joeytsa : thats when you cut that spread :) [12:25 pm] Ed : lol [12:25 pm] joeytsa : need to get back into that [12:26 pm] Ed : literally [12:26 pm] joeytsa : its the only thing i missfrom the "fractions" days [12:27 pm] gregs : nice ed [12:27 pm] Ed : thx [12:30 pm] joeytsa : doji: along withweak earnings/global econ..german services sector is now in contraction [12:30 pm] joeytsa : same as our ISM # [12:30 pm] doji : If the best economy in EU is in contraction, you figure out the rest.... [12:31 pm] joeytsa : already have haha [12:34 pm] rusty : George Zimmerman released on 1M bail [12:34 pm] doji : Watching LEN [12:38 pm] doji : TFM 4c drop [12:38 pm] doji : 40c [12:40 pm] rusty : WLT new recent lows [12:41 pm] rusty : Gilbert Gottfried Picking Stocks CNBC [12:43 pm] rusty : SYNC hod

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[12:54 pm] doji : See ya fellas next week [12:54 pm] Ed : c ya doji [12:54 pm] gregs : have a good weekend doji [12:54 pm] joeytsa : bye doji [12:54 pm] rusty : cya doji [12:54 pm] rusty : have a good weekend all [12:55 pm] Ed : c ya rusty [12:55 pm] joeytsa : bye rusty [12:55 pm] joeytsa : Thanks Mitch,Ed everyone...have a great weekend, see you all on monday [12:55 pm] Ed : c ya joey [12:56 pm] gregs : thanks for the calls mitch

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

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

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

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

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

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

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

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

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

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

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

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

Page 13: Daily Stock Report Monday Morning, July 9, 2012

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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.

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

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