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Daily Stock Report Thursday Morning, June 28, 2012

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Stocks are starting to act bullish and could make some higher highs in the indexes assuming the Supreme Court overturns the healthcare law. For the moment we haven’t had the fear factor news from overseas or anywhere for that matter. It is conceivable we could have a bullish run as it appears to be the path of least resistance although the indicators aren’t showing a bull run is in store yet. Continue to work the longs and shorts over a period of days and keep position sizes down to lower than normal. This isn’t a time to be aggressive. The pharmaceutical-biotech sector stocks are performing really well so the short term traders should look in this area for trades both ways. REPEAT: The market is still trying to price in the implications of Europe 1) going into recession, 2) Greece, Spain, Italy and now France breaking up the Euro and how that could affect global economies. It is difficult to forecast such an unprecedented event but my opinion for some time is that the odds are we continue a downtrend through most of the summer. We may get a pop up if the US Supreme Court overturns the Obama healthcare plan. The basis of that decision is would be unconstitutional to force all Americans to buy a pre-packaged health care plan. The companies that would benefit from an overturned decision are the largest companies like Wal-mart, Costco, Home Depot, Target and many others. This is one of the biggest reasons why Fortune 500 companies CEO’s are citing as an “unknown” in their business planning. The other is the tax overhaul that Obama vows he will change in 2013, if he is re-elected. The rebound from an overturned decision may spark a fairly strong rally before fizzling and being overcome by the weight of Europe. Later this fall, the presidential election would be the other deciding factor for the largest employers to make business decisions. It is very conceivable that these two factors of a Republican president and an overturned healthcare plan would be a catalyst for a rally of some sort in spite of the bear forecasters for global markets. The US could start its own economic recovery strong enough to overcome the fear of a European recession and at some point investors will start to be immune to the same old fear factor from Europe. In the meanwhile, you might consider taking some of the profits in the short positions as they mature the next 1-2 days in anticipation of a strong pop up in the markets on the Supreme Court decision due out this Thursday at the latest but could come as early as tomorrow.

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

Summary Opinion Continue to work the longs and shorts over a period of days and keep position sizes down to lower than normal. This isn’t a time to be aggressive.

Calendar (All Eastern times) Monday, 1000am, New Home sales, 350k Tuesday, 900am, Case-Shiller 20 city Index Tuesday, 1000am, Consumer Confidence, 63.0 Wednesday, 7:00am, MBA Mortgage Index, -0.8% Wednesday, 830am, Durable Orders, 1.0% Wednesday, 1000am, Pending Home Sales, 0.5% Wednesday, 1030am, Crude Inventories, 2.86M Thursday, US Supreme Court decision on healthcare plan. Thursday, 8:30am, Initial Claims, 385,000 Thursday, 830am, Continuing Unemployment Claims, 3.275K Thursday, 830am, GDP (Gross Domestic Product), 1.9% Friday, 830am, Personal Income, 0.1$ Friday, 830am, PCE, 0.2% Friday, 945am, Chicago PMI, 52.4 Friday, 955am, Michigan sentiment, 74.1

Follow-up notes: RBC, Regal-Beloit. Consider covering short.

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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.

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.)

HNR, Harvest Natural Resources is an aggressive short. This should start breaking down. Don’t get leveraged with any idea like this.

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

PCYC, Pharmacyclics gave a 6% move today on the long side.

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) RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days. JAZZ, Jazz Pharmaceuticals. Consider small short position. NBL, Noble Energy. Consider small long position. HUM, Humana. Starting to monitor HUM for potential long position. BCS, Barclays Bank. Consider small short next 1-3 days. CTB, Cooper Tire & Rubber. Consider small short (hold time days). RYN, Rayonier. Consider small short. LVLT, Level 3 Communications. Consider small short position next 1-3 days. PANL, Universal Display. Consider small short (only a few days hold time). HGG, HHGregg. Consider small short position. VCI, Valassis Communications. Watching for short entry.

Intermediate Trade Ideas: (weeks to months) PCYC, Pharmacyclics. FDO, Family Dollar. Consider small long position. WFM, Whole Foods. Consider small long position. DLTR, Dollar Tree. Consider small long position. ROST, Ross Stores. Consider small long position. DV, Devry. Consider small short position. CLB, Core Laboratories. Consider small short position. NFX, Newfield Exploration. Consider small short position. QSII, Quality Systems. Consider small short position. SNI, Scripps Networks. Consider small long position $54-55 area. SHW, Sherwin Williams, consider small long below $125. COP, ConocoPhillips. Consider small long position. ORLY, O’Reilly Auto Parts. Consider small long position. BK, Bank of New York Mellon. Consider small long position RMD, Resmed Health. Consider small long position. WAG, Walgreen. Consider small long position. ROST, Ross Stores. Consider small long position next 1-2 days. RBS, Royal Bank of Scottland. Consider small short. FFIV F5 Networks. Consider small short position. RHT, Redhat. Consider small short 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. BBVA, Banco Bilbao. Consider small short; may last 2-3 months. Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard Training Course before attempting this high risk high reward strategy. It is best to let these peak in price and turn down before opening short.

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Stock List Type

Notes Open Price Close

Price

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

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

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

IDCC, IDCC, IDCC, IDCC, Interdigital SHORT-SWI Stopped Monday for 12.5% profit. 27.31 24.2524.2524.2524.25

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

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

SFD, SFD, SFD, SFD, Smithfield SHORT-INT Covered short Friday for 5.4% profit. 19.40 18.48

SLF, SLF, SLF, SLF, Sunlife SHORT-SWI Covered short Tuesday for Covered short Tuesday for Covered short Tuesday for Covered short Tuesday for 4.7% profit.4.7% profit.4.7% profit.4.7% profit. 21.94 20.9820.9820.9820.98

RDC,RDC,RDC,RDC, Rowan Cos. SHORT-SWI Covered Tuesday for Covered Tuesday for Covered Tuesday for Covered Tuesday for 9.4% profit.9.4% profit.9.4% profit.9.4% profit. 31.68 28.9428.9428.9428.94

RBC, RBC, RBC, RBC, Regal-Beloit SHORT-SWI Covered Friday for breakeven.Covered Friday for breakeven.Covered Friday for breakeven.Covered Friday for breakeven. 61.24 61.24

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

VCI, VCI, VCI, VCI, Volassis SHORT-SWI Careful for breaCareful for breaCareful for breaCareful for breakout up.kout up.kout up.kout up. 20.50

SHFL,SHFL,SHFL,SHFL, Shuffle Mast AGGSHORT Looking for low $12’s to cover 14.25

NBL, NBL, NBL, NBL, Nobile Energy LONG-SWI Small long positionSmall long positionSmall long positionSmall long position 78.7578.7578.7578.75

HUM,HUM,HUM,HUM, Human Health LONG-SWI Small long position. 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 WednesdayStopped WednesdayStopped WednesdayStopped Wednesday for for for for 3.6% loss3.6% loss3.6% loss3.6% loss 21.69 22.5022.5022.5022.50

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 Covered Tuesday for Covered Tuesday for Covered Tuesday for 5.5% profit.5.5% profit.5.5% profit.5.5% profit. 43.42 41.0041.0041.0041.00

SNI, SNI, SNI, SNI, Scripps Netw LONG-INT Small long position. 57.31

SHW, SHW, SHW, SHW, Sherwin Will LONG-INT Small long position. 133.10

COPCOPCOPCOP, ConocoPhillips LONG-INT Stopped Thursday for 5% loss 55.50 52.72

ORLY, ORLY, ORLY, ORLY, O’Reilly Auto LONG-INT Stopped Wednesday for Stopped Wednesday for Stopped Wednesday for Stopped Wednesday for 20% loss.20% loss.20% loss.20% loss. 101.75 82.0082.0082.0082.00

BKBKBKBK, Bank NY LONG-INT Closed Friday for breakeven. 21.09 21.08

RMDRMDRMDRMD, Resmed Health LONG-INT Closed Friday for 3% loss. 31.96 31.00

PXPPXPPXPPXP, Plains Explorat SHORT-INT Covered Tuesday for 9.4% profit 34.69 31.37

APC, APC, APC, APC, Anadarko Petro SHORT-INT Covered Tuesday for 6.8% profit. 64.52 60.40

FTIFTIFTIFTI, FMC Technology SHORT-INT Covered Tuesday for 8.7% profit. 41.07 37.71

BCS, BCS, BCS, BCS, Barclays Bank SHORT-SWI Covered Tuesday for 6.5% profit. 12.93 12.14

OKEOKEOKEOKE, Oneok SHORT-SWI Covered Tuesday for 4.8% profit. 43.53 41.57

ASIAASIAASIAASIA, AsiaInfo SHORT-SWI Covered Wednesday for 1% loss.Covered Wednesday for 1% loss.Covered Wednesday for 1% loss.Covered Wednesday for 1% loss. 11.94 12.0512.0512.0512.05

WAG, WAG, WAG, WAG, Walgreens LONG-INT Small long position. 29.33

HXLHXLHXLHXL, Hexcel SHORT-INT Covered TuesdayCovered TuesdayCovered TuesdayCovered Tuesday for for for for breakevenbreakevenbreakevenbreakeven.... 24.36 24.3524.3524.3524.35

IAGIAGIAGIAG, IamGold SHORT-INT Small short position. 11.89

LAZLAZLAZLAZ, Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.5724.5724.5724.57

IMAXIMAXIMAXIMAX, Imax SHORT-SWI Don’t have big short position in this one; strong. 22.72

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 Small short position 61.48

DYDYDYDY, Dycom SHORT-INT Small short position. 17.18

QSII,QSII,QSII,QSII, Quality Systems SHORT-INT New low again Wednesday; good sign 26.54

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COFCOFCOFCOF, Capital One SHORT-INT Small short position 51.74

RBS, RBS, RBS, RBS, Royal Bank SHORT-INT Small short position 7.43

HNRHNRHNRHNR, Havest Natural AGGRESSIVE Small short position. 8.91

SHOOSHOOSHOOSHOO, Steven Madd SHORTSHORTSHORTSHORT----INTINTINTINT Small short positionSmall short positionSmall short positionSmall short position 34.9734.9734.9734.97

TIFTIFTIFTIF, Tiffany SHORTSHORTSHORTSHORT----INTINTINTINT Small short positionSmall short positionSmall short positionSmall short position 51.6451.6451.6451.64

Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this link: http://www.tradestocksamerica.com/trading-room.php June 27, 2012 TSA Moderator Chat [06:10 am] Mitch K: how are you guys doing this morning? have you been behaving? [06:11 am] Mitch K: AAP had a warning back in mid0May, that should give a headsup to ORLY doji. The auto part stores were on a hot run for a year or so [06:13 am] Ed : good morning traders [06:31 am] Ed : watching ETP for potentio short [06:31 am] Mitch K: watching SUPGN again today, mostly long on big drop [06:32 am] Mitch K: so it should give more trades today [06:32 am] Mitch K: remember SUPN had a high of 15+ to around 11 yesterday [06:33 am] Mitch K: watching LNCR for top to short [06:34 am] Mitch K: watching healthcare stocks move up: UNH, AET, WLP, for tops to short [06:34 am] Mitch K: watching VECO for short [06:35 am] Mitch K: watching PCYC for bottom to buy [06:35 am] Mitch K: watching FOSL for bottom to buy [06:36 am] Mitch K: watching SWN for top to short [06:36 am] Mitch K: watching for more buying in ESRX [06:37 am] Mitch K: monitoring FB drop [06:37 am] Mitch K: watchign FSLR for short [06:38 am] Mitch K: watching FINL for another short today [06:38 am] Mitch K: watching GNC for top to short [06:38 am] Mitch K: watching APKT for bottom to buy [06:39 am] Mitch K: FSLR almost always weak so like shorting this, tends to drop more than others [06:39 am] Mitch K: looking for under $30 on SWN short [06:39 am] Mitch K: also watching other ag-chemical stocks for top: AGU, IPI, MOS, POT [06:39 am] Mitch K: watching MON for short [06:39 am] Mitch K: watching CNC for top to short [06:40 am] Mitch K: watching HRB for top to short, soon [06:41 am] Mitch K: watching VRTX for bottom to buy [06:41 am] Mitch K: watching VALE for bottom, take time [06:41 am] Mitch K: watching UA for bottom [06:42 am] Mitch K: watching BBY for bottom to buy [06:43 am] Mitch K: watching MSM for bottom to buy [06:44 am] Mitch K: monitoring ELX for top, take time [06:45 am] Mitch K: ORLY should give multiple trades today long and short [06:45 am] Mitch K: no hurry on GTI [06:45 am] Mitch K: watching GTI for bottom

June 27, 2012 TR User Chat [06:11 am] apple : good morning to all alert traders [06:11 am] apple : gm qwert [06:12 am] apple : gm doji [06:12 am] khall : gm all [06:12 am] apple : g, eddy [06:12 am] apple : gm cd [06:12 am] garyb : Good morning everyone! [06:12 am] joeytsa : Good morning Mitch,Ed traders [06:12 am] doji : Thanks Mitch. [06:12 am] apple : gm khall [06:12 am] doji : Hi Apple, Khall! [06:12 am] eddy : hi apple khal doji joey [06:12 am] doji : Ji Joey! [06:12 am] garyb : Hi Joey doji apples khall eddy ed Mithc [06:12 am] eddy : nd gari Ed:) [06:13 am] joeytsa : reports: core mixed, ending home sales @ 7pst, crude inv 7:30pst [06:13 am] apple : gm joey [06:13 am] doji : 40-day silent period for FB ended yesterday; stocks dropped [06:13 am] joeytsa : gap up: MON,LEN,AMRN,WPRT,WYNN,AVAV [06:14 am] joeytsa : gap down ; OMER,ORLY,AAP,AZN [06:14 am] apple : thx joey [06:15 am] mikewd2 -: thanks Joey [06:15 am] apple : gm mike [06:15 am] mikewd2 -: hi apple [06:16 am] eddy : hi mike [06:16 am] doji : Pending Home Sales today at 10:00AM and Crude Oil Inventories at 10:30AM so be careful [06:18 am] qwert : wprt a nice gap up [06:19 am] apple : thx doji [06:21 am] mikewd2 -: autoparts stores certainly out of favor rightnow [06:22 am] scalpman : ORLY -30 [06:22 am] doji : Gold futures moving up [06:24 am] joeytsa : overnight ES range 1312-1319 [06:25 am] apple : thx joey [06:25 am] doji : ORLY lossing all 2012 gains in the pre-market.... [06:26 am] joeytsa : so far, for every 1 company raising expectations..3.6 are warning [06:26 am] skydiver : gm Mitch, Ed, and all the great traders. Thnx joey for info [06:26 am] scalpman : sorry wrong on ORLY...-16

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[06:46 am] Mitch K: monitoring TNGO for bottom, low vol but good drop [06:47 am] Mitch K: VECO tends to correct harder than most, looking for 31.60 or lower for short [06:47 am] Mitch K: still watching LNCR for top [06:47 am] Mitch K: healthcare stocks correcting [06:49 am] Mitch K: watching SHFL for bottom to buy [06:49 am] Mitch K: watching APKT closer for bottom [06:49 am] Mitch K: watching TSCO for bottom to buy [06:51 am] Mitch K: take your time before buying bottoms for longs that are droping [06:51 am] Mitch K: this correction real nice for shorts, take time before covering, i think these are going to mature a lot [06:52 am] Mitch K: consider covering AGU short [06:52 am] Mitch K: looking to start gradaully covering GNC short [06:53 am] Mitch K: consider covering FSLR short [06:54 am] Mitch K: watchign TTWO for bottom [06:54 am] Mitch K: HRB short idea no good [06:54 am] Mitch K: UA bouncing [06:54 am] Mitch K: consider covering some of FINL short [06:55 am] Mitch K: more downside on LNCR short [06:55 am] Ed : be patient on this one [06:55 am] Mitch K: watching ZNGA for bounce soon, low priced one [06:55 am] Ed : monitoring SSYS for potential short [06:56 am] Mitch K: more downside on AMRN but need bounce first to short into [06:56 am] Mitch K: watching FDO for bottom to buy [06:58 am] Mitch K: GNC not bottommed yet for short [06:58 am] Mitch K: monitoring M for bottom [06:58 am] Mitch K: watching URBN cowboy for bottom [06:58 am] Mitch K: watching CSTR for top to short [06:59 am] Mitch K: monitoring EXK drop [07:01 am] Mitch K: watching HZNP for bottom to buy [07:01 am] Mitch K: watching ADS for top to short [07:01 am] Mitch K: watching CMO for top to short [07:06 am] Mitch K: should be out of GNC short [07:07 am] Mitch K: more upside on FOSL bounce [07:08 am] Mitch K: nice one on ssys eddie money [07:08 am] Ed : consider covern some SSYS if u took short [07:08 am] Mitch K: monitoring ALKS, [07:09 am] Mitch K: watching for short on GPC on top of this bounce, looks like here [07:15 am] Ed : covering 3/4 ETP short dont like action will place last 1/4 stop @ breakeven [07:17 am] Mitch K: SPY toppy here [07:17 am] Mitch K: if you took GNC long consider selling and watch for 2nd helping short [07:17 am] Mitch K: consider selling FOSL long [07:18 am] Mitch K: consider selling APKT and possible short here [07:18 am] Mitch K: watching MXIM for 2nd helping short, forgot to post first one to you [07:18 am] Mitch K: consider covering remaining LNCR short [07:19 am] Mitch K: not sure if i posted MSM but still more upside for long [07:19 am] Mitch K: consider selling UA long [07:19 am] Mitch K: that meant to sell APKT long and consider short [07:20 am] Mitch K: not much strength in FDO bounce [07:20 am] Mitch K: monitor some of tehse for tops to short after you close long, like VRTX [07:20 am] Mitch K: consider selling most of VRTX here, getting toppy [07:20 am] Mitch K: consider selling TTWO long

[06:27 am] apple : gm sky [06:27 am] apple : gmscalp [06:27 am] skydiver : gm apple [06:27 am] scalpman : Hi apple [06:27 am] doji : Maybe you are looking at the future Scalpy... hahaha [06:28 am] doji : Indices moving in pre-market [06:28 am] doji : any news? [06:29 am] apple : that's some drop! [06:29 am] joeytsa : not seeing any doji [06:31 am] doji : Thanks Joey [06:32 am] apple : thx MK [06:37 am] chinhngo : cmg drop 9 point [06:39 am] doji : Healthcare stocks strong [06:39 am] skydiver : what happened to DLT [06:39 am] skydiver : DLTR? [06:39 am] mikewd2 -: out ORLY ln [06:41 am] joeytsa : nice rebound in ORLY and SUN [06:41 am] joeytsa : SUPN [06:41 am] skydiver : ok - 2 for one stock split on DLTR - I get it now :) [06:42 am] apple : we missed that one... [06:43 am] doji : UNH reversing [06:43 am] mikewd2 -: out 2nd L on ORLY [06:45 am] joeytsa : good one mike [06:47 am] doji : UA [06:48 am] mikewd2 -: AAP moving up also [06:48 am] skydiver : out 3/4 AAP L [06:49 am] skydiver : LNKD been dropping [06:49 am] doji : LNKD [06:50 am] mikewd2 -: out 3rd L on ORLY - wow, nice $1 bounces [06:50 am] apple : NFLXdropping [06:50 am] apple : great job mike [06:50 am] skydiver : nice Mike [06:51 am] scalpman : Al out GNC S [06:51 am] scalpman : All out MON [06:51 am] skydiver : all out of AAP L [06:52 am] skydiver : thnx Mitch [06:52 am] doji : out 1/2 UNH short [06:52 am] apple : thx for the advice MK [06:52 am] doji : FB [06:55 am] skydiver : pending home sales coming up 5 minutes [06:56 am] apple : HOG [06:56 am] apple : thx sky [06:57 am] apple : E - SSYS looks great! [06:57 am] doji : SSYS going bananas [07:00 am] doji : Nice SSYS [07:00 am] doji : short [07:00 am] joeytsa : pending homes up 5.9% [07:00 am] doji : from R=50.73 [07:00 am] skydiver : pending merger with Ojet June 11 - wonder if it's getting close to the merger? [07:00 am] skydiver : on SSYS [07:02 am] doji : ORLY breakout [07:02 am] doji : run ORLY run [07:03 am] doji : out 1/4 ORLY long [07:04 am] skydiver : FIRE jumped nicely - [07:05 am] doji : SPY new hod... don't know why it took 5 minutes to react to the home sales news [07:08 am] skydiver : nice one doji on SSYS [07:08 am] qwert : ssys awesome thx Ed [07:08 am] doji : Yes, thanks Ed [07:08 am] skydiver : sorry - didn't see Ed posting SSYS - yes Ed nice one!!! [07:09 am] Ed : i need to find like 5 of these per day :) [07:09 am] doji : The chart is on the board

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[07:23 am] Mitch K: watching SEE for bottom [07:23 am] Mitch K: looking for 66.35 area on CSTR short [07:23 am] Mitch K: you guys out of GTI , wasnt big mover but low priced stock is deceptive, was a 2% move [07:25 am] Mitch K: AMRN toppy for 2nd short [07:25 am] Mitch K: consider selling most o fM long [07:29 am] Mitch K: watching APOL for bottom again [07:30 am] Mitch K: you could take the profits on this next bottom, that works too [07:30 am] Mitch K: watching AMRN to see if goes to new lows below 14.20 area, will take awhile if it does get there. [07:31 am] Mitch K: watching QSII for multiple trades [07:35 am] Mitch K: should be ready in a few weeks eyes, going to be really fabulous [07:42 am] Ed : SPY breaking down from tight range [07:54 am] Mitch K: watching FMCN [07:55 am] Mitch K: monitoring MKC [08:04 am] Mitch K: watching BVSN [08:08 am] Ed : monitoring LULU fo potential long no rush [08:22 am] Mitch K: watching CMI for bottom [08:29 am] Mitch K: CMI bottoming [08:31 am] Ed : placing stop last 1/2 LULU long at breakeven [08:31 am] Ed : reducing 1/2 LULU long plus .30 to get ahead of trad [08:35 am] Mitch K: watching LNCR [08:41 am] Mitch K: CMI at top [09:02 am] Ed : reducing 1/4 of LULU long [09:02 am] Ed : reducing 1/4 of LULU long [09:37 am] Mitch K: watching LIFE [09:40 am] Ed : ARNA haltd news pending [09:52 am] Ed : per FDA [09:52 am] Ed : 1st weght loss drug approved in 13years ARNA [09:53 am] Ed : this is why VVUS is up they should do even better [09:55 am] Ed : OREX also moving on the news of ARNA, lower priced though [10:10 am] Mitch K: consider covering LNCR short [10:18 am] Ed : SPY consolidating at highs [10:40 am] Ed : 5 minutes for opening of ARNA [10:50 am] Mitch K: watching AGP [10:54 am] Ed : more selling in SPY [11:09 am] Ed : monitoring ULTA for long no rush [11:16 am] Mitch K: watching AAP for short [11:21 am] Mitch K: AAP toppy [11:30 am] Mitch K: monitoring TIF [11:30 am] Ed : will pass on ULTA, [11:46 am] Ed : SPY trading in small range [12:00 pm] Mitch K: TIF turning up [12:08 pm] Mitch K: monitoring LNCR again [12:11 pm] Mitch K: watching LIVE [12:13 pm] Ed : nice breakout in SPY from tight range [12:20 pm] Ed : watch AKS @ near 6.24, has natural resistance at 6 also [12:25 pm] Ed : if u took AKS short would cover [12:27 pm] Mitch K: LIVE and LNCR getting toppy [12:37 pm] Ed : OSRI alert [12:52 pm] Ed : getting pullback in SPY [12:52 pm] Ed : looking for 19.59 final 1/4 short BBY [12:53 pm] Mitch K: SUPN toppy [12:55 pm] Mitch K: unless you dont care about making more money [12:55 pm] Mitch K: make sure you track LNCR tomorrow, going to be good trades on it [12:55 pm] Mitch K: good job Eddy money [12:55 pm] Ed : out all BBY short [12:57 pm] Mitch K: behave yourself apple, dont do anything i

[07:09 am] skydiver : wouldn't hurt my feelings Ed if you did :) [07:09 am] qwert : okay :))) [07:10 am] eyes : ED what was your entry [07:10 am] jsn13 : ed and qwert, which bar do u guys take SSYS short? [07:10 am] apple : your work is cut out for you... that would be quite fantastic tho [07:10 am] apple : SPY hod [07:10 am] doji : SPY new hod.... any news from Europe? [07:11 am] mikewd2 -: WPRT signs deal with GM [07:12 am] apple : doji we think alike! [07:12 am] doji : UA heading to close the gap [07:13 am] doji : aggg missed the short in LEN [07:14 am] joeytsa : tight range,hearv vol on ES past 5 minutes [07:15 am] skydiver : family calls from Colorado Springs and those fires side tracked me this morning. MJissed CRM L [07:15 am] joeytsa : CO is a mess [07:15 am] joeytsa : prayers out to all there [07:15 am] khall : they are safe tho right sky? [07:15 am] skydiver : family reunion there in 2 weeks or so -- many evacuated Flying W ranch burned down last nite -- praying for all [07:16 am] skydiver : yes - safe - [07:16 am] doji : Watching AMRN [07:16 am] joeytsa : saw that, air force acadmy evacuated [07:16 am] qwert : me to doji amrn [07:18 am] doji : ARNA down 3%.... hummm [07:27 am] murano : APOL [07:27 am] doji : 3min for oil inventoires relase; oil stocks moving.... someone must know something [07:27 am] doji : or just the market maker placing their traps? [07:28 am] joeytsa : you never know doji [07:30 am] mikewd2 -: loving ORLY today 5 very successful long plays [07:31 am] skydiver : Great job mike !!! :) [07:31 am] joeytsa : nice mike [07:31 am] apple : excellent mike [07:31 am] Mitch K: nice work mike, AAP and GPC are auto parts related, also bouncing sharply [07:31 am] eyes : so when is the indicator going to be finished [07:32 am] qwert : FDO at ld [07:32 am] qwert : ld= lod [07:32 am] eddy : ARNA Moving [07:36 am] khall : I can't wait!!! [07:36 am] eyes : awesome [07:38 am] victor51 : HZNP moving. Dangerous but nice ride so far [07:40 am] joeytsa : Crude inv came in at -0.1M, -0.5M forecast, 2.9M last [07:41 am] qwert : FDO new lod [07:45 am] qwert : ua at lod [07:46 am] eyes : ED What candle you get in on ssys [07:51 am] victor51 : hanks Mitch HZNP Holding 1/3 [07:52 am] skydiver : time is up for me. . see you all tomorrow in the morning :) decent day [07:53 am] khall : bye sky :-) [07:54 am] apple : have a great day sky [07:55 am] qwert : bye sky [07:57 am] eyes : qwert did you get the setup [07:58 am] jsn13 : VECO 2nd helping short watch [07:58 am] qwert : which setup eyes [07:58 am] eyes : the computer [07:59 am] qwert : oh no not yet still researching [08:00 am] eyes : well i am going back to Utah tommorow will be able to trade again on monday [08:00 am] Ed : sounds great [08:00 am] qwert : awesome eyes [08:00 am] qwert : u mean u dont want to trade off your phone :)

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wouldnt do [12:59 pm] Ed : have great evening [01:00 pm] Mitch K: good trading day everyone, have a great evening [01:02 pm] Mitch K: later guys, be good [01:02 pm] Ed : have great evening tradrs [01:03 pm] Mitch K: exercise, eat good, sleep a lot and study

[08:01 am] eyes : nope [08:02 am] eyes : i have a laptop but it is not the same [08:03 am] eyes : I need My battle Station LOL [08:03 am] jsn13 : Ed, may i know which bar did u enter SSYS short? [08:03 am] Ed : soon as get chance scanning [08:04 am] qwert : yeah i know i will trade off laptop next week [08:05 am] eyes : veco made new high [08:05 am] eyes : any thoughts [08:09 am] eyes : Ed any thoughts on VECO [08:09 am] Ed : on veco would like a move closer to 34 ish area before considering short [08:11 am] eyes : thanks [08:12 am] eyes : i was looking at the 3 min 3% move strait up [08:15 am] qwert : Ed are you long lulu [08:24 am] eyes : are you qwert [08:25 am] qwert : yeah small position at 62.05 [08:25 am] qwert : dont like the sideways action [08:26 am] eyes : how did you get that price [08:26 am] jsn13 : opening of the 11.12 bar eyes... [08:26 am] qwert : had limit order [08:27 am] jsn13 : signal is a hammer right above 62 potential support.. [08:27 am] jsn13 : qwert, where did u enter SSYS short? [08:28 am] qwert : 49.98 9:59 bar small position [08:28 am] Ed : yes qwert very small position also [08:28 am] qwert : be nice if lulu get some traction [08:29 am] jsn13 : beside the peak volume bar hitting the potential resistance, we have no candlestick signal right? that's y u go small? [08:30 am] qwert : yes jason mostly based on trading action [08:30 am] doji : Is that for LULU Ed? [08:30 am] qwert : at least for me [08:31 am] Ed : yes [08:32 am] victor51 : Ed, How did you select 34 for veco short. Is it yesterday's high? [08:32 am] jsn13 : ok i see....something like ed's yesterday trade on BBY....gotcha..... [08:32 am] Ed : oops meant the 33ish area [08:33 am] Ed : i have gone number crazy, LOL [08:33 am] eyes : Ed what price you get LULU [08:33 am] murano : ROST [08:34 am] qwert : nice murano rost [08:34 am] apple : thx murano [08:35 am] doji : FSLR [08:35 am] doji : LNCR break out [08:37 am] Ed : 62.05 [08:38 am] eyes : you guys are good I thought we are suppost to wait for confirmation [08:38 am] Ed : i had confirmation [08:39 am] qwert : news on lncr? [08:39 am] eyes : i realized the hammer was i wait for the end of first green candle [08:39 am] doji : Takeover chatter [08:42 am] doji : Linde may take LNCR [08:42 am] doji : Financial Times news [08:44 am] doji : Bid is for $40/share so be careful [08:44 am] doji : too many details [08:49 am] doji : LNCR consolidating in 1min chart [08:49 am] apple : wow LNCR very nice [08:51 am] jsn13 : Apple did u take it long at the breakout? [08:52 am] apple : no jsn, i would have tho, i had to step away for my son [08:54 am] jsn13 : ok if u were to take it, where would be ur entry and stop? [08:56 am] gregsemple2003 : I just rejoined the room, I remember from one of the chat logs that Mitch was talking about a new custom

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indicator for NinjaTrader? Could someone tell me how to get started with that? [08:57 am] apple : not out yet greg -- MK will announce when it is available [08:57 am] gregsemple2003 : ah ok, ty apple [08:59 am] victor51 : Mitch, LNCR was even hotter than HZNP. Is that stock always volatile? [09:00 am] eyes : please post thoughts on lncr [09:02 am] gregsemple2003 : the CCI is new to me, i watched mitch's videos with the MACD and stochastics to identify entries... how to identify entries with the CCI/volume? [09:04 am] Ed : needs to break out of this range eyes [09:05 am] doji : Back I missed the whole run in SLB....agggh [09:05 am] apple : jsn, if looked at LNCR chart when MK alerted. on 1 min and you were ready to make a decision, there was inc. vol at 9:36, :37, I would have entered on that 9:36 or 9:37 candle, range on 1st 26.54-37 [09:05 am] apple : doji there will be another... [09:05 am] doji : Oil gaping up [09:07 am] apple : jsn, one potential target would be at 28.21 which on daily is where it gapped down and the range for that day was 28.21-29.03 which could have been another target [09:07 am] apple : which is where it began to consolidate [09:07 am] eyes : i am out -34 [09:08 am] doji : Missed ORLY long also [09:08 am] apple : there will be more... [09:09 am] doji : Not my day definetely....multitasking is not helping [09:10 am] apple : just sit back, then, relax and observe [09:10 am] doji : hahahaha... [09:10 am] eyes : that makes two of us Doji [09:10 am] jsn13 : thanks apple nice explanation... [09:10 am] apple : u r welcome jsn [09:11 am] jsn13 : ur stop would be? [09:11 am] eyes : See you all monday Good Luck to all [09:11 am] doji : I think I'll follow shark advise: trade options....not need to stick my face on the screen the entire day [09:12 am] apple : better off doji for now, otherwise too intense [09:12 am] apple : buy eyes, have a great weekend, glad you are back in the saddle again [09:13 am] doji : LNKD spike in price and volume [09:14 am] apple : thx doji [09:16 am] apple : greg, the CCI acts like a bollinger band [09:18 am] gregsemple2003 : ok, so basically read it to see consolidations [09:20 am] gregsemple2003 : i mean, times where the market is quiet then starts to head in a certain direction? [09:20 am] gregsemple2003 : thx for answering n00b questions btw :) [09:22 am] Ed : also good for detecting divergence overbought/oversold, good for reversals [09:22 am] apple : agree [09:22 am] gregsemple2003 : ah, gotcha thanks [09:24 am] apple : confirmation, on TS it colors the dips to indicate a change [09:26 am] jsn13 : LNKD breakout [09:27 am] apple : MK do you think CMEDY is a BS candidate [09:28 am] apple : thx jsn [09:29 am] Ed : thx jason forgot all about it [09:30 am] jsn13 : Juz out half +47 cents...still have half...stop at BE at 107.32 entered late.... [09:31 am] apple : good job jsn [09:32 am] apple : thx E, makes the pic clear [09:32 am] Ed : thats what I was looking at yesterday when I mentioned 107.21 area [09:33 am] jsn13 : SPY not helping much....but still gonna leave my stop at BE....yup got that from u ed....

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[09:33 am] Ed : FB has not gotten there yet [09:33 am] jsn13 : still saw it late....and juz got stopped out... [09:34 am] jsn13 : ed, how would u have handle it? [09:35 am] Ed : handle it just like u would a short, meaning when ur long look for same signs if u were going to take it short [09:35 am] apple : jsn, i thought you waiting for the short... [09:36 am] jsn13 : i got the breakout....so did not want to short it....so u guys took it short instead? [09:36 am] Ed : this is area lookn at for FB, clean breakout with vol over green horizontal line next days [09:37 am] apple : thx E [09:37 am] doji : Missed that Ed on FB [09:37 am] doji : Can you repeat please? [09:37 am] apple : MK, how is life treating you? [09:38 am] Ed : I like odds on LNKD breakout [09:38 am] apple : doji, he is looking for a break about 33.50 [09:38 am] doji : ok [09:38 am] apple : above [09:38 am] jsn13 : Ed, so ur entry would be around the smae for LNKD long? [09:39 am] Ed : 107.21 on breakout [09:39 am] jsn13 : then u wont short it right? [09:40 am] Ed : its also 1st attempt in 15 days so worth watching see if arrea up hear holds [09:40 am] qwert : LNCR new hod [09:40 am] apple : LNCR still moving... [09:40 am] apple : qwert, we think alike [09:40 am] Ed : no I would not short it [09:40 am] qwert : :0 [09:40 am] jsn13 : ok thanks ed..... [09:41 am] Ed : does not mean wont provide money on short, but I prefer long [09:41 am] apple : thx E [09:41 am] apple : it's pretty scrong [09:41 am] eddy : this must be the FDA decision [09:42 am] eddy : we need to e on top of this news on arna [09:42 am] jsn13 : me either.....thanks....try not to fight the trend... [09:42 am] eddy : whoever knows something shout [plesase [09:42 am] Ed : "My Man" eddy, I said that in my Denzel Washington voice [09:42 am] apple : lol, i heard you [09:43 am] doji : I though I was "you man" Ed.... hahaha [09:43 am] eddy : lol [09:43 am] Ed : lol [09:43 am] apple : he has many men... [09:44 am] apple : a whole army [09:44 am] doji : hahaha [09:44 am] eddy : no shares to short on ARNA better have fda aproval so we long :) [09:45 am] apple : that's what i was "hoping" for... [09:45 am] doji : You will have to be very quick to catch it... [09:45 am] jsn13 : wow LNCR another breakout above 31....crazy scrong.... [09:46 am] eddy : if they have fda aproval ARNA will get min 30% gain [09:47 am] doji : SPY almost 1%... [09:48 am] Ed : LNCR/ESRX anticipation of ruling from supreme court [09:48 am] Ed : ??? [09:48 am] apple : thx E [09:49 am] cdougan : gotta run, Have a great day traders. And thanks for the great calls [09:49 am] Ed : it was quesiton, I think LNCR is an Obama beneficiary along with ESRX and UNH [09:49 am] apple : bye cd [09:49 am] apple : have fun

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[09:49 am] Ed : c ys cdougan [09:50 am] khall : I think UNH is more managed care, so would be helped if the law is struck down [09:50 am] cdougan : take care [09:50 am] Ed : interesitng just reading report also says UNH,ESRX would benefit per Cramer [09:50 am] Ed : we shall see [09:51 am] apple : haha [09:51 am] Ed : thats why Khall and Cramer get paid the big $$$$$$ [09:51 am] apple : lol [09:51 am] khall : LOL - yeah, right [09:51 am] apple : look at VVUS [09:51 am] doji : LCR just crazy [09:52 am] doji : LNCR [09:52 am] apple : now that was a great one! [09:54 am] eddy : anyone took vvus i just watched [09:54 am] apple : i am waiting for ARNA [09:55 am] eddy : me 2 [09:55 am] khall : me too [09:57 am] eddy : arna will get halted if it gains 10 % in 5 mns [10:03 am] doji : Why is VVUS moving is it's supposed to do even better than ARNA? [10:03 am] doji : down [10:03 am] apple : thx E bought some OREX akready moved .50 [10:03 am] Ed : VVUS trials were much better than ARNA [10:04 am] doji : has dropped $1 fro his peak already [10:04 am] Ed : Also, Im sure as a hedge due to folks who short ARNA, went long VVUS/OREX to soften the blow [10:06 am] eddy : surprisin that arna is still halted [10:06 am] Ed : not saying they did, but it would be a good hedge if u were short on ARNA [10:07 am] jsn13 : apple where did u went long on OREX? [10:08 am] apple : just after E mentioned it -- got it at 4.56 [10:08 am] doji : Jason, as long as the news on ARNA was released for sure [10:08 am] doji : as soon as [10:09 am] jsn13 : apple, enter at the break of hod? [10:09 am] jsn13 : doji what do u mean? [10:10 am] doji : You mean that OREX will benefit from ARNA's approval so you should have gone long as soon as the news were released [10:10 am] doji : forget about your indicators [10:10 am] apple : truly i was quick, got when i could after E mentioned it [10:11 am] jsn13 : ok thanks apple and doji....undersatnd.... [10:13 am] apple : there was a nice little pullback there [10:14 am] chinhngo : IF ARNA APPROVED SO WHAT IS EXPECT HIGH PRICE? THANK [10:14 am] apple : yes [10:14 am] apple : it would be positive news [10:15 am] chinhngo : HOW HIGH ARNA CAN REACH [10:17 am] apple : what do you think? it's most recent high before it dropped was about 12 [10:18 am] Ed : depends on many factors and its anyones guess [10:18 am] apple : agree [10:18 am] doji : Is that a bad tick in LNCR? [10:18 am] apple : been consolidating since noon [10:19 am] Ed : yes its bad tick [10:19 am] apple : nice drop on LNCR [10:28 am] eddy : Is normal?ARNA still halted? [10:30 am] khall : it will resume at 1:45 eastern [10:30 am] apple : thx, khall... have been waiting and waiting [10:30 am] khall : me too - they announced it on CNBC [10:32 am] eddy : in one hour khal? [10:34 am] eddy : hello anyone? [10:34 am] eddy : 1 45 eastern is in one hour?

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[10:34 am] Ed : 11 minutes [10:34 am] apple : no in about 11 min\ [10:34 am] eddy : ok [10:35 am] doji : How do you hadnle this trade? Do you just place your limit orders at several levels so you get filled? [10:35 am] doji : or just wait until the tarde resumes and place your "market" order [10:35 am] doji : Ed, Joey? [10:35 am] apple : eddy eastern EST time is 3 hours ahead of the PST time posted in the chatroom [10:37 am] Ed : different for everyone but I prefer to observe the action, and see if price will come to me, be it for long/short helps create relaxed state [10:38 am] eddy : i will just buy market [10:38 am] apple : wait for a pullback, E? [10:38 am] doji : The only concern is my connectivity... I may be right on the direction and price but with this connectivvity it will be hard to be filled... we'll see [10:38 am] apple : then put in a limit order if you feel you need to [10:39 am] Ed : pulllback or consolidation [10:39 am] Ed : Like LNCR, it offered different spots to long without chasing [10:39 am] doji : That is my plan... just want to get your input without giving you a pre-conceibed idea [10:40 am] Ed : great to see how others do the do [10:40 am] apple : haha, different strokes for different folks [10:41 am] apple : this like waiting to see a race.. [10:41 am] Ed : oops I need to get my ticket [10:41 am] apple : haha [10:44 am] apple : nice 1 pt move on OREX, thix E [10:45 am] apple : like a bat outa hell [10:45 am] doji : ARNA Halted? [10:46 am] apple : just shot out of a canon... need to wait now [10:46 am] doji : Nope [10:46 am] khall : geez [10:46 am] apple : E is the wise man... [10:49 am] apple : all that anticipation.... [10:53 am] doji : Keep in mind that ARNA was only 1.92 last October [10:54 am] doji : perhaps most of the FDA approval is already priced [10:55 am] apple : probably [10:55 am] jsn13 : ed, could u share with us how u trade ARNA if u do...thanks.... [10:55 am] apple : jsn, he mentioned earlier to wait for a pullback or consolidation which is what it appears to be doing right now [10:57 am] jsn13 : ok thanks.... [10:57 am] jsn13 : thats what i was thinking.... [10:57 am] jsn13 : opening of the bar after doji.... [10:58 am] apple : didn't end up taking it [10:58 am] jsn13 : u took it ed? [10:58 am] Ed : ye small position [10:58 am] eddy : wat price ed [10:58 am] doji : What is your price Ed? [10:58 am] eddy : im long 12.04 [10:58 am] jsn13 : ok....thanks.... [10:58 am] eddy : where do i place stop? [10:58 am] Ed : 11.61 [10:59 am] Ed : out at 11.93 [10:59 am] apple : good for you E [10:59 am] apple : i am waiting for a bigger drop at this point [10:59 am] doji : Me too Apple [10:59 am] Ed : I was too, but sometimes when I see certain things I go automatice [10:59 am] doji : Lookiging at the tick charts give a clearer picture [11:00 am] Ed : autmatic

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[11:00 am] apple : and if it doesn't happen - NEXT! [11:00 am] jsn13 : or a breakout if there is above 12 after consolidation? [11:00 am] doji : Volume has dried out [11:00 am] Ed : it is an advance trade though, one can lose or gain money quickly [11:00 am] apple : like i said, next!!!! [11:01 am] eddy : i lost my shit in thiis trade [11:01 am] eddy : shirt [11:01 am] jsn13 : i will juz watch wont take it.... [11:01 am] Ed : its an advanced trade if ur not use to best to not trade them at all [11:01 am] apple : watching ULTA [11:01 am] Ed : hope u trade it small eddy [11:02 am] eddy : no huge [11:02 am] aussie123 : Darn...never thought of it...but the smart play mzy have been to short weight watchers??? [11:02 am] Ed : case in point I am use to trading them and I still take small position on those FYI [11:02 am] apple : oh, eddy, you will have to learn the hard way.... [11:02 am] apple : nice one, aussie [11:02 am] Ed : smaller than my normal position [11:03 am] doji : I got filled at 11.34.... trading my stop however [11:03 am] doji : just above the previous pivotlow.... [11:03 am] qwert : nice doji [11:03 am] apple : how can you get smaller than 1? [11:03 am] apple : lol [11:04 am] apple : good one doji [11:04 am] qwert : hahaha [11:04 am] Ed : .543210 [11:04 am] qwert : 1/2 share [11:04 am] apple : haha..... [11:04 am] Ed : right [11:04 am] doji : hahaah [11:05 am] doji : Now I just need to follow Apple advise: watch and relax... [11:06 am] Ed : thought she said relax and watch [11:06 am] doji : I like both ways... hahah [11:06 am] apple : nice trend up on AAP today [11:06 am] Ed : :) j [11:07 am] apple : nice trend up onAAP today [11:07 am] doji : ESRX [11:07 am] doji : UNH reversed also [11:07 am] doji : same with ULTA [11:08 am] doji : Just moved my stop above breakeven... I'll keep it until before the market closes [11:09 am] doji : ARNA on conference call [11:10 am] doji : Nice rebound on LNCR, it held 30 [11:11 am] apple : very nice [11:18 am] khall : Falcone charged with securities fraud by SEC [11:18 am] eddy : ed tell me something .if arna was halted how cud it have been so high after the halt.who cud have bought? [11:19 am] khall : eddy, probably some high frequency trader work going on there [11:19 am] doji : The market makers move the bid/ask prices at its own discretion I'll guess [11:19 am] doji : and then traders who place order at certain levels got filled [11:20 am] eddy : orex [11:20 am] eddy : going down [11:33 am] doji : What is going on with MNST? [11:33 am] doji : same as ORLY? [11:34 am] Ed : little sick [11:34 am] gub : cmg lost a lot today also. [11:34 am] doji : Little? That is a lost of over 5% [11:35 am] Ed : alright lot sick

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[11:35 am] doji : well, not as much as ORLY although [11:35 am] doji : hahahaah, Ed, you are "the man"... [11:35 am] Ed : lol [11:35 am] gub : people are getting tired of Mexican food I guess. [11:35 am] doji : You must be Peruvian [11:35 am] Ed : in my 2nd life I was [11:42 am] apple : ULTA looks like it was sleeping.... [11:47 am] khall : I was just going to comment on that apple [11:48 am] apple : i had lost my connection - but we think alike khall [11:49 am] Ed : beautiful minds think alike [11:49 am] khall : awww - aren't you sweet? [11:49 am] apple : lol, you got that right, my friend [11:49 am] apple : he is [11:53 am] apple : CMEDY went from 8.20 to 11.27 today [11:55 am] apple : PANL also had a nide 2.5 pt move [11:56 am] mikewd2 -: ty apple [11:57 am] apple : SUPN is below its open at 12.56 [11:57 am] apple : MNST making a nice move [11:59 am] joeytsa : nice rebound apple [11:59 am] mikewd2 -: how's TS going for you Joey [12:00 pm] joeytsa : i keep switching things around hahah [12:00 pm] joeytsa : wish i had 12 monitors :) [12:00 pm] apple : about a point, not bad for this time [12:00 pm] mikewd2 -: good - get it right [12:00 pm] sakii : PANL moving [12:00 pm] joeytsa : a few things i cant find on TS i will use lightspeed and madscan for... [12:01 pm] joeytsa : so resizing things, moving things aroud the monitors [12:01 pm] doji : MNST nice 1 point move [12:01 pm] apple : you still have LS? [12:01 pm] joeytsa : yeah [12:01 pm] apple : I am still getting used to TS, like it much better [12:01 pm] joeytsa : lightspeed links to madscan, when i see a quick mover, i can dbl click to load an ls chart..see if its worth it [12:02 pm] apple : now ARNA is dropping, near where it opened recently? [12:02 pm] joeytsa : CNC quick spike [12:02 pm] apple : i know. i did like the risers and fallers on LS and madscan too [12:02 pm] joeytsa : 60-70 cents [12:02 pm] joeytsa : yeah, worth keeping it just for that [12:03 pm] mikewd2 -: UVXY hod [12:03 pm] apple : i closed my account... [12:04 pm] joeytsa : plus wth lightspeed, it tells you the short status of the stock [12:04 pm] joeytsa : in the mm window [12:05 pm] apple : right, liked that as well [12:05 pm] joeytsa : plus if TS doesnt have shares to short, i still have LS as a backup [12:06 pm] joeytsa : havent really dug into the TS hotlists/radarscreen, but seems like madscan blows them both away [12:06 pm] Ed : was a nice move in MNST dont know if mentioned it although put chart up [12:07 pm] apple : thx, E, almost quittin time... [12:07 pm] jsn13 : ed, where were ur entries on PANL and MNST? [12:08 pm] Ed : 77.72 and 35.11 [12:08 pm] jsn13 : 2.34pm on MNST? [12:08 pm] jsn13 : 77 or 70.72? [12:08 pm] Ed : not sure i removed the charts [12:09 pm] jsn13 : no prob.... [12:09 pm] Ed : must be 70.72 [12:09 pm] jsn13 : thanks... [12:10 pm] jsn13 : if can may i know the time later? thanks...for panla nd mnst... [12:10 pm] Ed : k

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[12:10 pm] jsn13 : *panl [12:10 pm] Ed : lnap* [12:10 pm] jsn13 : haha [12:11 pm] apple : pay attention [12:11 pm] jsn13 : aple, besides tarding, do u have other job? [12:11 pm] Ed : yes MISS Apple, notice I used Miss since ur soo young [12:11 pm] apple : that ULTA was a slow mover but it did move [12:12 pm] khall : yes, and it's still going! [12:12 pm] Ed : did not have patience to wait for that one to setup [12:13 pm] doji : SPY moving [12:13 pm] doji : New? [12:13 pm] doji : News? [12:14 pm] Ed : have not heard anything [12:17 pm] apple : AKS littlle stock moving [12:18 pm] doji : Two days already the SPY has moved up.... [12:20 pm] apple : thx [12:21 pm] khall : wow apple - are you in ULTA? Thanks for the heads up on this [12:22 pm] doji : SPY approcahing hod [12:23 pm] apple : up about a point khall, pretty good [12:23 pm] khall : yes, me too! [12:30 pm] mikewd2 -: WFT hod [12:30 pm] apple : thx mike [12:32 pm] apple : SLD moving today [12:33 pm] victor51 : Lisa are you there [12:33 pm] mikewd2 -: did u mean SLB, apple? [12:33 pm] khall : victor, she has family in town and I think left [12:34 pm] apple : CAB broke out today [12:34 pm] apple : SHLD, mike [12:34 pm] apple : she did khall, you are right [12:35 pm] victor51 : thanks Khall [12:35 pm] khall : welcome [12:35 pm] apple : SLB had a nice day as well, broke out on daily [12:36 pm] mikewd2 -: doji must be working today [12:36 pm] victor51 : Would like to hear your experinceif you trade from chats on TS [12:36 pm] victor51 : I mean charts [12:37 pm] mikewd2 -: bought AGQwith plans to swing this morning - not looking for hugh profits [12:38 pm] mikewd2 -: OSIR [12:40 pm] doji : Mike, are you still heavy on oil stocks? [12:41 pm] joeytsa : victor, im working on chart trading with TS now actually [12:41 pm] mikewd2 -: yes but took some profits on some FST today [12:41 pm] joeytsa : seems to work a lot like ninjatrader's chart trading [12:42 pm] mikewd2 -: i bought alot of FST down in the 6.3-6.5area and now selling as it moves over 7 [12:42 pm] doji : Good because the party won't last long [12:44 pm] apple : nice mike [12:45 pm] apple : how do you like it, joey. haven't tried it yet [12:45 pm] joeytsa : so far seems cool, just getting used to things [12:45 pm] mikewd2 -: u still sim trading joey? [12:46 pm] joeytsa : need to set up the oco/oso with it [12:46 pm] apple : have you used optionstation? [12:46 pm] joeytsa : yeah mike [12:46 pm] joeytsa : getting used to the chart trading, use ctrl for buys, alt for sells with the left cl [12:47 pm] joeytsa : quick trade bar is kind of cool also [12:47 pm] mikewd2 -: i liked the quicktrade bar when you showed me yesterday [12:47 pm] mikewd2 -: although didn't use it today [12:48 pm] joeytsa : i havent yet either, but its SOOO much easier to see the spread [12:49 pm] joeytsa : fyi : when you place a trade with the Quick

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Trade Bar it shows up on the matrix [12:50 pm] mikewd2 -: TIF finaly moving after i dumped long for small gain [12:50 pm] mikewd2 -: getting some vol [12:51 pm] joeytsa : MNST nice couple moves the past hour or so [12:51 pm] doji : Too late on the day althought... keep on the watch list for tomorrow [12:51 pm] qwert : same here mike on tif [12:51 pm] apple : is the quick trade the regular one at the top, or is it something different [12:51 pm] joeytsa : quick trade, right click, go to create..its in there [12:51 pm] apple : thx [12:52 pm] joeytsa : easier to see bid/ask...i didnt subscribe to for market depth, did anyone here? [12:53 pm] Ed : no thats why i have u guys/gals [12:53 pm] apple : haha [12:53 pm] doji : Good night fellas... hope I can connect for the first hour in the morning.... have tons of work to do [12:53 pm] joeytsa : haha, maybe the matrix can fill in some info? [12:54 pm] apple : cool joey, will play with it later [12:54 pm] jsn13 : ed, can i know bout ur entry time for PANL and MNST earlier? [12:54 pm] apple : have fun working, doji! [12:54 pm] joeytsa : bye doji [12:55 pm] apple : we will thx MK have a great evening [12:55 pm] Ed : 2:34 on mnst and 3:02 panl [12:56 pm] joeytsa : thanks Mitch [12:56 pm] qwert : bye everybody wow awesome calls today thx cya in the am [12:56 pm] Ed : c ya qwert [12:56 pm] jsn13 : thanks alot ed.... [12:56 pm] apple : thx MK, E and everyone. have a fun evening. see you tomorrow [12:56 pm] Ed : c ya apple [12:57 pm] khall : bye guys [12:57 pm] apple : bye khall [12:57 pm] Ed : c ya kkkkkhall [12:57 pm] apple : go to music class this evening.... [12:57 pm] joeytsa : what music class apple? [12:58 pm] apple : robert, last of the season, piano and guitar... [12:58 pm] Ed : piccolo class [12:58 pm] apple : he also plays the recorder [12:58 pm] joeytsa : nice [12:59 pm] mikewd2 -: out UVXY 12.05 [12:59 pm] apple : now, if i could only get him to practice -- he is quite good and memorizes everything [12:59 pm] Ed : nice [12:59 pm] apple : good one mike [12:59 pm] mikewd2 -: +0.35 [12:59 pm] joeytsa : its all about practice [01:00 pm] apple : i need to remember to set alerts [01:00 pm] joeytsa : bye Ed [01:00 pm] mikewd2 -: figured it would go one way or the other last 20 mins [01:02 pm] victor51 : Thanks Joey. I think chart will help move quickly. Do you agree? I will be practicing in sim [01:03 pm] joeytsa : i like the click/drag aspect of it [01:03 pm] joeytsa : but matrix does the same thing, just not on the chart [01:03 pm] joeytsa : Thank you Mitch..same to yu [01:03 pm] joeytsa : you [01:03 pm] victor51 : Thanks Mitch, Ed and the whole gang

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.

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Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock ideas can be changed at a moment’s notice during any trading day without any warning!

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

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

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

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

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

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

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

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

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

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

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

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

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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.