Trading NASDAQ stocks with Jerry Olson & Ian Hodgson

[Jerry Olson]

Some Fed Toughts This Morning

Good Morning all

I now fully understand exactly what the FED is going to do in the future. First I doubt they will even change that statement in the weeks and months ahead. Actually why should they since it gives them much leeway to do what ever they think is necessary without committing to either side of the equation. I like this a lot actually since the proper way to decide about the country's interest rates has really nothing to do with "targets" of Fed Funds but in fact it has to be based on current and future economic health of this expansion. So when the June meeting comes along all they have to do is just stop raising rates keeping the exact same statement without saying "pause" or neutral". In fact everyone the FED is right here and now at "Neutral". They will digest the reports, adjust the inflation information, adjust the housing news, ect and then either raise or stop as the case dictates and this is a very good thing for the markets to move a lot higher over time. In fact while I think the DJIA is about to correct shortly I do think the tech sector is way oversold here and needs to play catch up post Fed. There well could be a nice grind up surprise summer rally since I do not see any slowing of the Global expansion at this point and what with China and India going full speed ahead growing their own gigantic economies it simply means that it will drive profits and revenues for our companies to new improved heights. Before we follow that traditional "Sell in May and go Away" scenario, I'm suggesting that is not going to happen this time. We will now be held hostage on every single economic report on a day to day basis. The volatility will be a rollercoaster effect!

 

[Grey1]

Another day another pay day . My thanks to technical analysis and dynamic postion sizing . My target for today is $1780.. Lets see if there are enough opportunities there which justifies the risk to get to the target .

 

[Jerry Olson]

Live Real Time Calls In The Room

(7:01 AM) Paltalk: Hi everyone. All room members are a dedicated group of professional daytraders. It does not matter what your level of expertise is since we are here to help you make a living everyday. We are scalpers for now looking to make a Days Pay. Good Luck Jerry
(7:23 AM) cashmarket: gm
(8:08 AM) cashmarket: BRCM closed gap down on daily yeaterday
(8:11 AM) Acceage: GM All
(8:30 AM) BarbaraT1: Initial Claims 324K vs 315K consensus
(8:30 AM) BarbaraT1: Retail Sales +0.5% vs +0.8% consensus
(8:30 AM) BarbaraT1: Retail Sales ex-auto +0.7% vs +0.9% consensus
(8:30 AM) BarbaraT1: KNOT prelim $0.07 vs $0.07 Reuters consensus, $0.05 First Call; revs $14.8 mln vs $14.71 mln Reuters consensus
(8:31 AM) BarbaraT1: SGDE prelim $0.32 ex option expense vs $0.32 Reuters consensus; revs $71.6 mln vs $69.72 mln Reuters consensus
(8:33 AM) BarbaraT1: ACEL Alfacell: Using a Near Infra-Red Spectroscopy method, we found significant increases in tumor perfusion
(8:34 AM) BarbaraT1: TEVA Teva Pharm downgraded to Neutral from Outperform at Cowen (37.56 )
(8:34 AM) BarbaraT1: EMC EMC Corp acquires Interlink (13.19 )
(8:36 AM) cashmarket: gm brab
(8:36 AM) cashmarket: barb
(8:36 AM) BarbaraT1: gm
(8:36 AM) BarbaraT1: SGDE Sportsman's Guide reports in line (30.49
(8:39 AM) BarbaraT1: SAPE Sapient: Think CFO resignation will be well-received by investors - UBS (5.88 )
(8:40 AM) BarbaraT1: DOVR Dover Saddlery reports Q1 EPS of $0.04 vs. $0.05 Reuters single estimate; revs $17 mln vs. $15.39 mln Reuters single estimate. (7.99 )
(8:41 AM) alan2005h: Good M All
(8:45 AM) BarbaraT1: RHAT Red Hat started with an Overweight and $42 tgt at boutique firm Global Equities Research (31.53 )
(8:45 AM) BarbaraT1: JDO JED Oil reports Q1 EPS of $0.00 vs $0.01 in 1Q05;revs of $4.6 mln vs $1.7 mln last year (17.08 )
(8:53 AM) Dan-NY: GM all
(8:53 AM) BarbaraT1: PPDI PPD Inc: Competitors' troubles have little bearing on PPDI - FBR (34.15 )
(8:53 AM) BarbaraT1: GM General Motors tgt raised to $23 from $21 at Prudential (26.59 \
(8:53 AM) BarbaraT1: Toyota Motor tgt raised to $125 from $105 at Prudential (120.85 )
(8:53 AM) BarbaraT1: GG Goldcorp downgraded to Sector Perform from Outperform at RBC- tgt cut to $43 from $45 (40.67 )
(8:54 AM) BarbaraT1: FCX Freeport-McMoRan tgt raised to $73 from $65 at RBC (69.82 )
(8:56 AM) BarbaraT1: BSTE Biosite: 10-Q suggests further delays in stroke possible - TWP (55.11 )
(8:56 AM) dat-cat: GM
(8:59 AM) BarbaraT1: KOP Koppers Holdings reports adjusted Q1 EPS of $0.27 vs $0.11 consensus; revs rose 14% YoY to $264.4 mln vs $250.8 mln consensus (20.30 )
(9:00 AM) BarbaraT1: ARBA Ariba: Reit Strong Buy at JMP (9.18 )
(9:02 AM) BarbaraT1: KOMG Komag: Checks indicate Hitachi progress and internal media and PMR Technology - AmTech (42.99 )
(9:04 AM) BarbaraT1: WEBM webMethods selected by Amtrack for SOA platform
(9:07 AM) BarbaraT1: IPE FRONT MONTH GAS OIL FUTURES RISE $26 TO $655 A TONNE, HIGHEST SINCE SEPT 2 - Reuters
(9:10 AM) BarbaraT1: ADC Agree Realty: Compson Holding Corp. Offers $38.75 per Share for Agree Realty Corporation or Its Assets
(9:13 AM) BarbaraT1: PFE Pfizer: FDA approves quit smoking Chantix (25.04 )
(9:13 AM) BarbaraT1: TOMO TOM Online downgraded to Accumulate from Strong Buy at Brean Murray- tgt cut to $28 from $30 (26.30 )
(9:13 AM) KerriM: hello
(9:14 AM) BarbaraT1: ITWO i2 Tech: Transitioning from traditional license software model - JMP (14.15 )
(9:14 AM) BarbaraT1: Gold now up $15.50 to $721.10
(9:15 AM) ian_h: gm all
(9:16 AM) persistent1: HI IAN!
(9:17 AM) persistent1:
(9:18 AM) BarbaraT1: MEE Massey Energy confirms initiation of repurchase (43.54
(9:19 AM) BarbaraT1: VSR Versar reports EPS of $0.11 vs $0.01 in yr ago quarter; revs fall 13% to $12.97 mln (4.80 )
JerryO3434: PEIX
JerryO3434: MGPI
JerryO3434: ANDE
JerryO3434: BIDU INSANE
JerryO3434: RIMM MAJOR NEWS
(9:22 AM) KerriM: Ready!
(9:22 AM) BarbaraT1: AMPH American Physicians Serv. reports EPS of $0.19 vs $0.30 in yr ago quarter; revs rise 8.6% to $7.23 mln (14.45 )
(9:22 AM) beachnick: gm jerry, just here for the a.m.
(9:22 AM) BarbaraT1: LMLP LML Payment Systems subsidiary renews multi-year agreement with The Grocers Supply (5.26 )
JerryO3434: NEWBIES
JerryO3434: RIGHT CLICK ON MY NAME AND ADD ME AS YOUR PAL
JerryO3434: GEORGE 1204
(9:23 AM) BarbaraT1: BNT Bentley Pharm upgraded to Hold from Sell at Roth following Q1 results; tgt upped to $12.50 from $10 (13.71 )BNT Bentley Pharm upgraded to Hold from Sell at Roth following Q1 results; tgt upped to $12.50 from $10 (13.71 )
(9:24 AM) BarbaraT1: ESCL Escala: SPAIN'S PUBLIC PROSECUTOR SAYS AFINSA, MAIN S/HOLDER IN U.S. GROUP ESCALA , IS INSOLVENT -
(9:24 AM) dat-cat: kitco gold up 20.50 to 724.20
(9:25 AM) karin_60: good morning y'all
JerryO3434: LONG MGPI AT 32.85
(9:28 AM) BarbaraT1: HAUP Hauppauge Digtl reports EPS of $0.10 vs $0.08 in yr ago quarter; revs rise 31% to $26.7 mln (3.83 )
JerryO3434: SOLD MGPI AT 33.11
(9:28 AM) BarbaraT1: Analyst from New Constructs appears on CNBC, says the most dangerous large caps in May are KSU, NIHD, PENN, SBUX,
(9:28 AM) ovetus: BIDU baby down
(9:28 AM) mnick_1: nice trade JER
JerryO3434: ANDE
(9:29 AM) cabtrader: hi
(9:30 AM) BarbaraT1: DIIB Dorel Industries downgraded to Sector Perform from Outperform at RBC- tgt to $30 from $33 (27.25 )
(9:31 AM) BarbaraT1: JNJ Johnson & Johnson unit Ethicon announces CE Mark approval of New Device to Treat Female Stress Incontinence (58.66 +0.28)
JerryO3434: LONG MGPI AT 33.11
(9:32 AM) ovetus: VLO gamo
JerryO3434: SOLD MGPI AT 33.45
(9:32 AM) cashmarket: going higher
(9:32 AM) Dan-NY: MGPI - +21, +30
(9:32 AM) beachnick: yep at .08
(9:32 AM) kirke-01: y
(9:32 AM) beachnick: out at .45!
(9:32 AM) ovetus: TZOO lomo
JerryO3434: OIH BROKE OUT
(9:34 AM) Dan-NY: TZOO +16, on hi CCi
JerryO3434: GRMN
(9:34 AM) ovetus: MRVL hit
(9:35 AM) BarbaraT1: NEM Newmont Mining gaps higher, pauses after minor penetration of the early May/three month high at 59.33-- session high 59.49 (59.17 +0.87
(9:36 AM) ovetus: AAPL hit
(9:36 AM) ovetus: BIDU
(9:36 AM) ovetus: up
(9:36 AM) Dan-NY: BIDU HOD
(9:36 AM) ovetus: above 90
(9:37 AM) BarbaraT1: TEVA Teva Pharm firm off the open but pulls back after failing near its 200 day sma/ema at 38.99/39.08-- session high 39.00 (38.54 +0.98)
(9:39 AM) ovetus: long JOYG 70.79>>>>>>>>>>
(9:39 AM) ovetus: hope she runs
(9:39 AM) dat-cat: ovti down
(9:40 AM) Ratticus: I'm long from 29.30 yesterday
(9:40 AM) Ratticus: cheers
(9:40 AM) BarbaraT1: SBUX Starbucks - - 50 Day Alert (37.49 -0.71)
(9:41 AM) BarbaraT1: back in a bit
(9:43 AM) Dan-NY: REDF hod
JerryO3434: REDF
JerryO3434: PEIX MOSTER TODAY
JerryO3434: MONSTER
JerryO3434: WE DO NOT WANT TO BREAK 1320 ES
(9:45 AM) koza2: ndaq
(9:46 AM) Nastradeer1_1: NAS brk thru yesterday's low
(9:47 AM) cashmarket: is ethanol running out of gas? ;o)
(9:48 AM) karin_60: for the moment
(9:48 AM) karin_60: the second
JerryO3434: SNDK HOLDING WELL
JerryO3434: LONG PEIX AT 42.68 NO STOPS
JerryO3434: RIMM
(9:52 AM) Dan-NY: out PEIX +10
(9:52 AM) dat-cat: aapl a mess
(9:52 AM) karin_60: out peix .30
JerryO3434: LONG SNDK AT 62.80
(9:54 AM) cashmarket: -202?
(9:57 AM) bocarat: stopped sndk -.20
(9:57 AM) bocarat: np
(9:59 AM) jpate: peix at .76
(9:59 AM) gjeinc100: y
(9:59 AM) trendhack: in mgpi instead
(9:59 AM) trendhack: bidu
(10:00 AM) trendhack: mgpi and peix both set to run
(10:00 AM) BarbaraT1: Business Inventories +0.7% vs +0.5% consensus
(10:00 AM) trendhack: out mgpi +.43
(10:01 AM) trendhack: i'll take it at the dt np
(10:02 AM) BarbaraT1: PFE Pfizer confrims smoking Cessation Medicine Chantix Receives FDA Approval (25.08 +0.04)
(10:03 AM) trendhack: long sndk .72
(10:03 AM) trendhack: out .87
(10:04 AM) trendhack: that was sweet
JerryO3434: SELL STOP
JerryO3434: MGPI
(10:04 AM) MrStock1: out sndk +.20
(10:04 AM) ferniee3: ICE hod
(10:05 AM) BarbaraT1: PFE Pfizer confrims smoking Cessation Medicine Chantix Receives FDA Approval (25.08 +0.04)
(10:06 AM) BarbaraT1: MHL MortgageIT Holdings tgt raised before the open to $15 from $12 at JMP (12.93 -0.16)
JerryO3434: http://www.buyitbuyitsellitsellit.com/OJ1.gif
JerryO3434: SOLD SNDJK AT 63.05
(10:07 AM) mnick_1: out sndk +.26
JerryO3434: SNDK WEEEEE
(10:07 AM) mnick_1: thanks jer
(10:07 AM) Dan-NY: = +11 only here SNDK
(10:07 AM) trendhack: long nvda .20, .20 stop
(10:10 AM) trendhack: long bidu .60
(10:11 AM) BarbaraT1: QQQQ NASDAQ 100 Trust stabilizes after testing six wk low set last wk at 41.28-- session low 41.26 (41.35 -0.32
(10:11 AM) trendhack: out .75, couldn't hold it
(10:11 AM) BarbaraT1: LAC KLA-Tencor under pressure for a 5th consecutive day finds initial support at its May low of 47.12 (47.53 -0.62
JerryO3434: TRIN .84
(10:12 AM) Nastradeer1_1: NASA Trin-Q = 1.29
(10:12 AM) Nastradeer1_1: NAS
JerryO3434: RIMM
(10:12 AM) trendhack: what was the rimm news?
(10:13 AM) trendhack: oh
(10:13 AM) trendhack: no kidding
(10:15 AM) BarbaraT1: THQI THQ Inc testing support at 23.46... next level of interest Feb 21 reaction low at 23.13 (23.57 -1.16)
(10:19 AM) mplsrmt: lrcx near hod in a cup

 

[Jerry Olson]

The Anotomy Of A Counter Trend Trade

NEXT week you'll get a chnace to see this exact set up on my T2win Klab article

http://www.buyitbuyitsellitsellit.com/OJ4.gif

 

[Grey1]

I am not far from my target . Did I not do well ? lol still 4.45 PM but every thing is so so so over sold it be to risky to take a either short or long .. best wait for a proper pull back and short againnnnnnnnnnnnn.

 

[Jerry Olson]

Balance Of The Room Trades Live

(7:01 AM) Paltalk: Hi everyone. All room members are a dedicated group of professional daytraders. It does not matter what your level of expertise is since we are here to help you make a living everyday. We are scalpers for now looking to make a Days Pay. Good Luck Jerry
(7:23 AM) cashmarket: gm
(8:08 AM) cashmarket: BRCM closed gap down on daily yeaterday
(8:11 AM) Acceage: GM All
(8:30 AM) BarbaraT1: Initial Claims 324K vs 315K consensus
(8:30 AM) BarbaraT1: Retail Sales +0.5% vs +0.8% consensus
(8:30 AM) BarbaraT1: Retail Sales ex-auto +0.7% vs +0.9% consensus
(8:30 AM) BarbaraT1: KNOT prelim $0.07 vs $0.07 Reuters consensus, $0.05 First Call; revs $14.8 mln vs $14.71 mln Reuters consensus
(8:31 AM) BarbaraT1: SGDE prelim $0.32 ex option expense vs $0.32 Reuters consensus; revs $71.6 mln vs $69.72 mln Reuters consensus
(8:33 AM) BarbaraT1: ACEL Alfacell: Using a Near Infra-Red Spectroscopy method, we found significant increases in tumor perfusion
(8:34 AM) BarbaraT1: TEVA Teva Pharm downgraded to Neutral from Outperform at Cowen (37.56 )
(8:34 AM) BarbaraT1: EMC EMC Corp acquires Interlink (13.19 )
(8:36 AM) cashmarket: gm brab
(8:36 AM) cashmarket: barb
(8:36 AM) BarbaraT1: gm
(8:36 AM) BarbaraT1: SGDE Sportsman's Guide reports in line (30.49
(8:39 AM) BarbaraT1: SAPE Sapient: Think CFO resignation will be well-received by investors - UBS (5.88 )
(8:40 AM) BarbaraT1: DOVR Dover Saddlery reports Q1 EPS of $0.04 vs. $0.05 Reuters single estimate; revs $17 mln vs. $15.39 mln Reuters single estimate. (7.99 )
(8:41 AM) alan2005h: Good M All
(8:45 AM) BarbaraT1: RHAT Red Hat started with an Overweight and $42 tgt at boutique firm Global Equities Research (31.53 )
(8:45 AM) BarbaraT1: JDO JED Oil reports Q1 EPS of $0.00 vs $0.01 in 1Q05;revs of $4.6 mln vs $1.7 mln last year (17.08 )
(8:53 AM) Dan-NY: GM all
(8:53 AM) BarbaraT1: PPDI PPD Inc: Competitors' troubles have little bearing on PPDI - FBR (34.15 )
(8:53 AM) BarbaraT1: GM General Motors tgt raised to $23 from $21 at Prudential (26.59 \
(8:53 AM) BarbaraT1: Toyota Motor tgt raised to $125 from $105 at Prudential (120.85 )
(8:53 AM) BarbaraT1: GG Goldcorp downgraded to Sector Perform from Outperform at RBC- tgt cut to $43 from $45 (40.67 )
(8:54 AM) BarbaraT1: FCX Freeport-McMoRan tgt raised to $73 from $65 at RBC (69.82 )
(8:56 AM) BarbaraT1: BSTE Biosite: 10-Q suggests further delays in stroke possible - TWP (55.11 )
(8:56 AM) dat-cat: GM
(8:59 AM) BarbaraT1: KOP Koppers Holdings reports adjusted Q1 EPS of $0.27 vs $0.11 consensus; revs rose 14% YoY to $264.4 mln vs $250.8 mln consensus (20.30 )
(9:00 AM) BarbaraT1: ARBA Ariba: Reit Strong Buy at JMP (9.18 )
(9:02 AM) BarbaraT1: KOMG Komag: Checks indicate Hitachi progress and internal media and PMR Technology - AmTech (42.99 )
(9:04 AM) BarbaraT1: WEBM webMethods selected by Amtrack for SOA platform
(9:07 AM) BarbaraT1: IPE FRONT MONTH GAS OIL FUTURES RISE $26 TO $655 A TONNE, HIGHEST SINCE SEPT 2 - Reuters
(9:10 AM) BarbaraT1: ADC Agree Realty: Compson Holding Corp. Offers $38.75 per Share for Agree Realty Corporation or Its Assets
(9:13 AM) BarbaraT1: PFE Pfizer: FDA approves quit smoking Chantix (25.04 )
(9:13 AM) BarbaraT1: TOMO TOM Online downgraded to Accumulate from Strong Buy at Brean Murray- tgt cut to $28 from $30 (26.30 )
(9:13 AM) KerriM: hello
(9:14 AM) BarbaraT1: ITWO i2 Tech: Transitioning from traditional license software model - JMP (14.15 )
(9:14 AM) BarbaraT1: Gold now up $15.50 to $721.10
(9:15 AM) ian_h: gm all
(9:16 AM) persistent1: HI IAN!
(9:17 AM) persistent1:
(9:18 AM) BarbaraT1: MEE Massey Energy confirms initiation of repurchase (43.54
(9:19 AM) BarbaraT1: VSR Versar reports EPS of $0.11 vs $0.01 in yr ago quarter; revs fall 13% to $12.97 mln (4.80 )
JerryO3434: PEIX
JerryO3434: MGPI
JerryO3434: ANDE
JerryO3434: BIDU INSANE
JerryO3434: RIMM MAJOR NEWS
(9:22 AM) KerriM: Ready!
(9:22 AM) BarbaraT1: AMPH American Physicians Serv. reports EPS of $0.19 vs $0.30 in yr ago quarter; revs rise 8.6% to $7.23 mln (14.45 )
(9:22 AM) beachnick: gm jerry, just here for the a.m.
(9:22 AM) BarbaraT1: LMLP LML Payment Systems subsidiary renews multi-year agreement with The Grocers Supply (5.26 )
JerryO3434: NEWBIES
JerryO3434: RIGHT CLICK ON MY NAME AND ADD ME AS YOUR PAL
JerryO3434: GEORGE 1204
(9:23 AM) BarbaraT1: BNT Bentley Pharm upgraded to Hold from Sell at Roth following Q1 results; tgt upped to $12.50 from $10 (13.71 )BNT Bentley Pharm upgraded to Hold from Sell at Roth following Q1 results; tgt upped to $12.50 from $10 (13.71 )
(9:24 AM) BarbaraT1: ESCL Escala: SPAIN'S PUBLIC PROSECUTOR SAYS AFINSA, MAIN S/HOLDER IN U.S. GROUP ESCALA , IS INSOLVENT -
(9:24 AM) dat-cat: kitco gold up 20.50 to 724.20
(9:25 AM) karin_60: good morning y'all
JerryO3434: LONG MGPI AT 32.85
(9:28 AM) BarbaraT1: HAUP Hauppauge Digtl reports EPS of $0.10 vs $0.08 in yr ago quarter; revs rise 31% to $26.7 mln (3.83 )
JerryO3434: SOLD MGPI AT 33.11
(9:28 AM) BarbaraT1: Analyst from New Constructs appears on CNBC, says the most dangerous large caps in May are KSU, NIHD, PENN, SBUX,
(9:28 AM) ovetus: BIDU baby down
(9:28 AM) mnick_1: nice trade JER
JerryO3434: ANDE
(9:29 AM) cabtrader: hi
(9:30 AM) BarbaraT1: DIIB Dorel Industries downgraded to Sector Perform from Outperform at RBC- tgt to $30 from $33 (27.25 )
(9:31 AM) BarbaraT1: JNJ Johnson & Johnson unit Ethicon announces CE Mark approval of New Device to Treat Female Stress Incontinence (58.66 +0.28)
JerryO3434: LONG MGPI AT 33.11
(9:32 AM) ovetus: VLO gamo
JerryO3434: SOLD MGPI AT 33.45
(9:32 AM) cashmarket: going higher
(9:32 AM) Dan-NY: MGPI - +21, +30
(9:32 AM) beachnick: yep at .08
(9:32 AM) kirke-01: y
(9:32 AM) beachnick: out at .45!
(9:32 AM) ovetus: TZOO lomo
JerryO3434: OIH BROKE OUT
(9:34 AM) Dan-NY: TZOO +16, on hi CCi
JerryO3434: GRMN
(9:34 AM) ovetus: MRVL hit
(9:35 AM) BarbaraT1: NEM Newmont Mining gaps higher, pauses after minor penetration of the early May/three month high at 59.33-- session high 59.49 (59.17 +0.87
(9:36 AM) ovetus: AAPL hit
(9:36 AM) ovetus: BIDU
(9:36 AM) ovetus: up
(9:36 AM) Dan-NY: BIDU HOD
(9:36 AM) ovetus: above 90
(9:37 AM) BarbaraT1: TEVA Teva Pharm firm off the open but pulls back after failing near its 200 day sma/ema at 38.99/39.08-- session high 39.00 (38.54 +0.98)
(9:39 AM) ovetus: long JOYG 70.79>>>>>>>>>>
(9:39 AM) ovetus: hope she runs
(9:39 AM) dat-cat: ovti down
(9:40 AM) Ratticus: I'm long from 29.30 yesterday
(9:40 AM) Ratticus: cheers
(9:40 AM) BarbaraT1: SBUX Starbucks - - 50 Day Alert (37.49 -0.71)
(9:41 AM) BarbaraT1: back in a bit
(9:43 AM) Dan-NY: REDF hod
JerryO3434: REDF
JerryO3434: PEIX MOSTER TODAY
JerryO3434: MONSTER
JerryO3434: WE DO NOT WANT TO BREAK 1320 ES
(9:45 AM) koza2: ndaq
(9:46 AM) Nastradeer1_1: NAS brk thru yesterday's low
(9:47 AM) cashmarket: is ethanol running out of gas? ;o)
(9:48 AM) karin_60: for the moment
(9:48 AM) karin_60: the second
JerryO3434: SNDK HOLDING WELL
JerryO3434: LONG PEIX AT 42.68 NO STOPS
JerryO3434: RIMM
(9:52 AM) Dan-NY: out PEIX +10
(9:52 AM) dat-cat: aapl a mess
(9:52 AM) karin_60: out peix .30
JerryO3434: LONG SNDK AT 62.80
(9:54 AM) cashmarket: -202?
(9:57 AM) bocarat: stopped sndk -.20
(9:57 AM) bocarat: np
(9:59 AM) jpate: peix at .76
(9:59 AM) gjeinc100: y
(9:59 AM) trendhack: in mgpi instead
(9:59 AM) trendhack: bidu
(10:00 AM) trendhack: mgpi and peix both set to run
(10:00 AM) BarbaraT1: Business Inventories +0.7% vs +0.5% consensus
(10:00 AM) trendhack: out mgpi +.43
(10:01 AM) trendhack: i'll take it at the dt np
(10:02 AM) BarbaraT1: PFE Pfizer confrims smoking Cessation Medicine Chantix Receives FDA Approval (25.08 +0.04)
(10:03 AM) trendhack: long sndk .72
(10:03 AM) trendhack: out .87
(10:04 AM) trendhack: that was sweet
JerryO3434: SELL STOP
JerryO3434: MGPI
(10:04 AM) MrStock1: out sndk +.20
(10:04 AM) ferniee3: ICE hod
(10:05 AM) BarbaraT1: PFE Pfizer confrims smoking Cessation Medicine Chantix Receives FDA Approval (25.08 +0.04)
(10:06 AM) BarbaraT1: MHL MortgageIT Holdings tgt raised before the open to $15 from $12 at JMP (12.93 -0.16)
JerryO3434: http://www.buyitbuyitsellitsellit.com/OJ1.gif
JerryO3434: SOLD SNDJK AT 63.05
(10:07 AM) mnick_1: out sndk +.26
JerryO3434: SNDK WEEEEE
(10:07 AM) mnick_1: thanks jer
(10:07 AM) Dan-NY: = +11 only here SNDK
(10:07 AM) trendhack: long nvda .20, .20 stop
(10:10 AM) trendhack: long bidu .60
(10:11 AM) BarbaraT1: QQQQ NASDAQ 100 Trust stabilizes after testing six wk low set last wk at 41.28-- session low 41.26 (41.35 -0.32
(10:11 AM) trendhack: out .75, couldn't hold it
(10:11 AM) BarbaraT1: LAC KLA-Tencor under pressure for a 5th consecutive day finds initial support at its May low of 47.12 (47.53 -0.62
JerryO3434: TRIN .84
(10:12 AM) Nastradeer1_1: NASA Trin-Q = 1.29
(10:12 AM) Nastradeer1_1: NAS
JerryO3434: RIMM
(10:12 AM) trendhack: what was the rimm news?
(10:13 AM) trendhack: oh
(10:13 AM) trendhack: no kidding
(10:15 AM) BarbaraT1: THQI THQ Inc testing support at 23.46... next level of interest Feb 21 reaction low at 23.13 (23.57 -1.16)
(10:19 AM) mplsrmt: lrcx near hod in a cup
(10:25 AM) BarbaraT1: GENZ Reversal Alert: GENZ trades back towards unch, above morning highs of 56.03 (56.16 -0.08)
(10:25 AM) trendhack: at .60
(10:25 AM) BSilvey: y
(10:28 AM) karin_60: out PEIX .32
(10:28 AM) Nastradeer1_1: TRIN-N = 0.785, NYSE
(10:29 AM) Dan-NY: REDF at hod
(10:31 AM) ovetus: Next Earnings Date: 5/16/2006
(10:31 AM) BSilvey: got .16
(10:31 AM) ovetus: for REDF
(10:31 AM) BarbaraT1: MER Merrill Lynch slides lower intraday below yesterday's low of 75.87 (75.82 -0.69)
(10:31 AM) ovetus: Announcement Time: Before Market
(10:31 AM) BarbaraT1: COMDX Natural Gas Inventory rose 85 bcf to 1989 bcf, analysts were expecting a rise of 77 bcf, ranging from a rise of 55-100 bcf
(10:31 AM) ovetus: Conference Call Time: 8:30 AM
(10:32 AM) cashmarket: yms testing lod
(10:32 AM) ovetus: Broadcast Address: http://investor.rediff.com
(10:32 AM) cashmarket: broke
(10:32 AM) ovetus: NVDA lomo
(10:34 AM) ovetus: CRDN lomo +++
(10:34 AM) BarbaraT1: COMDX Natural Gas Inventory rose 85 bcf to 1989 bcf, analysts were expecting a rise of 77 bcf, ranging from a rise of 55-100 bcf
(10:34 AM) BarbaraT1: I'm leaving for a couple hours - took too much of a beating today and need to rethink
(10:35 AM) BarbaraT1: mpls - i'm logged off
(10:35 AM) ovetus: yes sir
(10:35 AM) ovetus: im long
(10:35 AM) ovetus: only trade for now
(10:36 AM) ovetus: NVDA breaking
JerryO3434: EVERYONE OUT OF PEIX
(10:36 AM) karin_60: y
(10:37 AM) cashmarket: what a short sndk was at the 20
(10:38 AM) cashmarket: so about 62.75
(10:38 AM) cashmarket: ok
(10:39 AM) ovetus: AAPL sinking
JerryO3434: OIH PLUNGING
(10:41 AM) MrStock1: another beating fo BRCM
(10:42 AM) cashmarket: hammer sndk
(10:44 AM) ovetus: buyable dip some one said ??? not yet he?
(10:45 AM) ovetus: MRVL lod
(10:45 AM) ovetus: VLO
(10:45 AM) mnick_1: 73.20 up 1.07
(10:45 AM) ovetus: 73.25 +1.00
(10:45 AM) ovetus: 1.07
(10:46 AM) dat-cat: 73.55 up1.42 on kitco
(10:47 AM) ovetus: NGS hit
(10:47 AM) ovetus: long NVDA 28.75>>>>>>>>
JerryO3434: BIDU
JerryO3434: ADX 65 ON THE ES
(10:51 AM) MrStock1: y
(10:56 AM) mnick_1: SNDK just broke the 20 ema on the daily
(10:56 AM) trendhack: peix set to move
(11:00 AM) Trader6: Good call Trendhack
(11:00 AM) trendhack: hasn't gone yet, but ty
(11:05 AM) rooste63: Good morning Jerry. I talked to andrew @ esignal & I'm ready for the link for your workspace. Thanks rooste63
JerryO3434: hi mark
JerryO3434: IAN WILL HELP YO SET IT UP
(11:07 AM) rooste63: ok mark
JerryO3434: LONG MGPI AT 33.36
JerryO3434: ADD AS YOUR PAL
JerryO3434: MARK
JerryO3434: IAN H
(11:16 AM) II VWAP II: heyyyyyyyyyyyy
(11:17 AM) II VWAP II: << hopes all traders are kicking ass
(11:17 AM) II VWAP II: my mannnnnnnnnnnnnnn
(11:17 AM) II VWAP II: well doneeeeeeeeeee
(11:17 AM) II VWAP II: you always do
(11:18 AM) II VWAP II: nice ne
(11:18 AM) II VWAP II: one
(11:18 AM) II VWAP II: thanks for the analysis
(11:20 AM) II VWAP II: <, waiting for a nice pull back to short BRCM and AAPL
(11:20 AM) mnick_1: SNDK real strong around 62 in weak mkt
(11:20 AM) II VWAP II: I know they are
(11:20 AM) II VWAP II: << only traded BRCM short to day
JerryO3434: http://www.buyitbuyitsellitsellit.com/OJ3.gif
(11:24 AM) bocarat: still long mgpi presume?
(11:24 AM) cashmarket: peix tankin
(11:25 AM) MrStock1: 73.20
(11:25 AM) ovetus: 73.15 +1.02
(11:27 AM) Nastradeer1_1: TRIN-N = 0.928 not helping in direction of market today, while TRIN-Q (NAS) is indicating a better direction of our stocks
(11:27 AM) II VWAP II: OMG every thing is so so so Over sold
(11:28 AM) II VWAP II: i hope so cos i need to meet my target
JerryO3434: long aapl at 67.73
(11:30 AM) parshooter_1: Jerry, are still long MGPI
(11:31 AM) II VWAP II: lol JERRY you da dare devil
(11:31 AM) II VWAP II: lol actually a technical bounce is due but i would not take the trade
(11:31 AM) II VWAP II: << too scared
(11:32 AM) KerriM: where do you post that, Jerry - what site?
(11:33 AM) BSilvey: RIMM coming off btm
(11:33 AM) II VWAP II: heheh
JerryO3434: SOLD AAPL AT 67.93
(11:34 AM) ferniee3: OJ very nice :>:>
(11:34 AM) II VWAP II: <, gives Jerry an oscar for taking this trade
(11:34 AM) BSilvey: y
(11:34 AM) bocarat: y
(11:34 AM) gjeinc100: nice jer y
(11:34 AM) bocarat: yep
(11:34 AM) hockeypuck7: got .20
(11:34 AM) Dan-NY: +10 but u say only for PRO
(11:34 AM) mnick_1: was in early doubled when you entered
(11:34 AM) ovetus: perfect timing for your trade Jerr
(11:35 AM) ovetus: death cat bounce play
JerryO3434: DCB
JerryO3434: LOL
(11:35 AM) ovetus: lol
(11:35 AM) ovetus: but yileds you money
(11:35 AM) ovetus: yileds
(11:35 AM) ovetus: yields
JerryO3434: www.jogtrader.co.uk/klcci.html
(11:37 AM) gjeinc100: y
(11:37 AM) ovetus: Stocks Tumble As Inflation Worries Persist
(11:37 AM) BSilvey: thanks for the article Jer
(11:38 AM) ovetus: Stocks widened their losses Thursday as surging oil and commodities prices added to investors' uncertainty about inflation and higher interest rates. The Dow Jones industrial average dropped more than 100 points
(11:38 AM) ovetus: what if the mkt realizes that the fed is behind the curve ?? lol
JerryO3434: http://www.buyitbuyitsellitsellit.com/OJ4.gif
(11:41 AM) trendhack: peix going nuts
(11:41 AM) karin_60: geeez
(11:42 AM) trendhack: got .28 out of it....
(11:42 AM) BSilvey: y
(11:42 AM) gjeinc100: piex
(11:42 AM) Ratticus: yep
(11:42 AM) bocarat: y mgpi
(11:42 AM) parshooter_1: MGPI
(11:42 AM) karin_60: .39
(11:42 AM) karin_60: twice
(11:42 AM) trendhack: tsk tsk tsk, you're not out of peix yet at the highs?
JerryO3434: SOLD PEIX AT 43.40
(11:42 AM) karin_60: nope
(11:42 AM) karin_60: 1/2 left
(11:42 AM) trendhack: very nice
(11:42 AM) KerriM: got out peix +.22 - should have follwed up!
(11:42 AM) Dan-NY: MGPI +10
(11:43 AM) Ratticus: y
(11:43 AM) BSilvey: got .40 on mgpi
(11:43 AM) bocarat: out .51 mgpi
(11:43 AM) Ratticus: out b/e
(11:43 AM) Ratticus: lol
(11:43 AM) Ratticus: YES
(11:43 AM) karin_60: out
(11:43 AM) karin_60: .50
JerryO3434: ANDE
(11:44 AM) Ratticus: no problem, can't day trade at the mo' so it's very hard for me!
(11:44 AM) Ratticus: yes I meant to
(11:44 AM) Ratticus: cheers!
(11:44 AM) ovetus: some stock are too volatile for a 20 cents stop
JerryO3434: SOLD MGPI AT 33.56
(11:44 AM) ovetus: on that ones you should put a 1 dollar stop at least imo
(11:46 AM) Ratticus: out MGPI +.80
(11:47 AM) karin_60: congrats
(11:47 AM) karin_60: very nice
(11:49 AM) trendhack: was a real nice db on peix too
(11:49 AM) trendhack: high volume, high cci
(11:49 AM) trendhack: was already in it though
(11:50 AM) Nastradeer1_1: ANDE was 26.50 back during Oct/05 - who knew......
(11:50 AM) trendhack: well, adx won't catch the quick ones
(11:50 AM) Nastradeer1_1: lol
(11:50 AM) trendhack: yes, on aapl
(11:50 AM) trendhack: but not peix
(11:50 AM) II VWAP II: http://www.trade2win.com/boards/attachment.php?attachmentid=19666
JerryO3434: yo VWAP
JerryO3434: WONDERFUL
(11:51 AM) cashmarket: yep
(11:51 AM) Nastradeer1_1: thought ADX was acceleration indicator, w/price up or down
(11:51 AM) Nastradeer1_1: over 50
(11:52 AM) Nastradeer1_1: agree
(11:52 AM) trendhack: well, could use a stop and just re-enter, but that is more difficult to do
(11:53 AM) II VWAP II: << brb need to have abreak
(11:54 AM) trendhack: set a buy stop around .20
(11:54 AM) trendhack: futes not co-operating though

 

[Grey1]

I am out and in cash . We all had a problem with ESIGNAL as no data was coming through so the VWAP ENGINE crashed . . I wont be trading any more and this is the final P/L and no more trading for me .

 

[kako]

Hi

first of all Many thnx to Grey1 and Jerry for all the time and effort they're contributing to this thread. i'm a former-fx trader trying to learn trading Nasdaq. i've read this thread and most of technical trader forum, moderated by grey, which was very helpful for me, i might double the thnx for that.

i'm interested in VWAP and it's unique characteristic of having no arbitrary parameter! but i wonder are the bands differ on different TimeFrames? i think MPD is TimeFrame dependent, tho bands could be different on different TFs?(timeframes). also i guess MPD(if it's a statistical measure like STD), might have parameters to set, like bollinger bands?
if bands are different on different TFs, could i ask on which TF u choose to initiate the trade? because u go short(if other criteria are met) when price reaches the upper band and vice versa for long. i mean if the bands are different on different TFs u might get different entries too

as i looked into grey1's screenshot of his numerous radars, i can understand Multi Time Frame Analysis, and that he's looking @ M1, M3, M5,and M10. i guess if 3 of these TFs say sell on the same instrument, u go short right?

another question: Multi TF analysis, could give a signal, and VWAP bands are different tool. are u using this two along together? i mean using them as parallel tools may filter bad signals of both, or say fine tune the entry. when both conditions(Multi TF+VWAP Bands) are present, u initiate the trade. am i right on this or i'm missing something?

Thnx in advance for any replies
..............................................................
Kako

Ps. forgive my ignorance, but could some1 kinldy explain what's the difference between sell and short?!
in grey1's screenshot, these are seperated signals from each other, so i guess there should be something i don't know. in fx there's only buy(long) or sell(short).

 

[Grey1]

Hi

first of all Many thnx to Grey1 and Jerry for all the time and effort they're contributing to this thread. i'm a former-fx trader trying to learn trading Nasdaq. i've read this thread and most of technical trader forum, moderated by grey, which was very helpful for me, i might double the thnx for that.).

I am glad you have found it useful

i'm interested in VWAP and it's unique characteristic of having no arbitrary parameter! but i wonder are the bands differ on different TimeFrames? i think MPD is TimeFrame dependent, tho bands could be different on different TFs?(timeframes). also i guess MPD(if it's a statistical measure like STD), might have parameters to set, like bollinger bands?
if bands are different on different TFs, could i ask on which TF u choose to initiate the trade? because u go short(if other criteria are met) when price reaches the upper band and vice versa for long. i mean if the bands are different on different TFs u might get different entries too ).

The most important concept that you have to understand is that VWAP bands are RISK band and not trading bands such as Bollinger band. You can only and I insist ONLY use them as trading band when you are arbitrage trading . VWAP band are only near enough to High and low of the day so they must not be used as a trading bands. If this was the case you would go short @ high of the day and visa versa. We use VWAP band as a measure of risk involved .

as i looked into grey1's screenshot of his numerous radars, i can understand Multi Time Frame Analysis, and that he's looking @ M1, M3, M5,and M10. i guess if 3 of these TFs say sell on the same instrument, u go short right?

Correct

another question: Multi TF analysis, could give a signal, and VWAP bands are different tool. are u using this two along together? i mean using them as parallel tools may filter bad signals of both, or say fine tune the entry. when both conditions(Multi TF+VWAP Bands) are present, u initiate the trade. am i right on this or i'm missing something?

Correct . the risk bands are used in adjusting the risk levels so you can adjust your position size accordingly . And yes when you get three different time frames confirming ,,you have the CASH REGISTER SINGING . we use both VWAP bands and MLT to gether.

Finally , A sell signal is the short signal on the first bar and not an EXIT LONG SIGNAL ( called sell too ) . This is a program trade convention .


AM I clear ?

PS:-- my fellow country man , any problem phone me and we take it from there. Grey1 love to see traders kick a** in the market and not get toasted .

 

[Grey1]

.

 

[Jerry Olson]

Yesterdays Opening Sentence

Today at 2:15 pm est. we are going to get "THE" statement of the last 2 years from the FOMC. The real problem that I see is the markets are leaning toward a "pause" in that statement. I warn all of US that if they do not move to neutral right here at this meeting we are in for a sharp fast violent correction for at least 3-4 days

 

[Jerry Olson]

Everyone Needs To Be Prepared For The Worst

DJIA index have moved the chart right to my upside target at 11,650. Not saying we can't go a lot higher but we are steeply overbought and need a breather

another part of my morning update...

 

[Jerry Olson]

Buy The Dip This Morning Scalp Only

Good Morning everyone

Nothing ever goes straight up or down in these markets. About a week or so ago I mentioned that Barrons 12,000 article in their newspaper for the DOW if you all remember my mentioning it. I never liked magazine covers like Business week or any other periodical with front covers notating bullish or bearish scenarios and targets. Like I said in that newsletter it wiped the smile off my face right then and there. While commodities are going "parabolic" and you can just name what ever that metal is right now. Heck I even think ZINC is at all time highs, this makes me think of the very same set up as the stock market was experiencing in 2000. Crude oil is trading at these levels folks on false manipulation and news noise. This commodity is about 15-20 bucks over priced right here and now. NOW that we are trying to get serious about alternative fuels, crude prices are a major accident waiting to happen. I have said this for months now it's going down big time soon. It never ceases to amaze me how traders around the world become wild maniacs trying to "chase" the new improved and latest fad currently invading the markets right now. I would suggest that you do not get caught up in all this mania as it has nowhere to go but down. While we have all this froth in the metals and crude, speculators are going to get badly damaged when this all stops and reverses. While this irrational exuberance is going on the Fed is raising rates and slowing the whole engine down making the future economic picture a bit hazy until they stop once and for all. Did you ever get the feeling they are going to overshoot this tightening cycle again with this nonsensical fear of rising inflation for the general public. In point of fact folks a little inflation is good for the economy, especially at the current rates we are seeing right now. By hurting the housing market they will hurt all of America that's for sure. Housing has lead us out of darkness over the last 3 years and if they slow this sector anymore than they already have, it will have disastrous results for the whole market. Of course my glass is always half full, I can see the consumer is still out and about despite high fuel prices and slightly higher mortgage rates. We are all doing quite well if you ask me. Let's hope this ballistic unrealististic manipulated insane rally in commodities cools off soon so we can get back to more normal atmosphere of trading and making a living like the old days. I said 2 days ago if the FED disappoints we are going to get a hard fast violent correction for a few days till the markets digest the "news". We shall resume this rally very soon. Let's see where solid support comes in nearer the 200 period moving averages on the main charts.

Have a nice weekend all

 

[Jerry Olson]

FOMC REPORT "DATA DEPENDENT"

In all my years trading the markets i have never seen the words "data dependent" used in any FOMC language before..

This means simply they will not change their staements any longer and either raise rates or not raise rates at each meeting keeping the stock markets on edge.

We will not know when they stop unless they actually do stop!

http://www.buyitbuyitsellitsellit.com/OJ2.gif

 

[Jerry Olson]

Pre Market Aapl Trade

I am long AAPL at 67.90 and will add if it gets hit at the open...

i like SNDK here

and PEIX and MGPI

 

[Jerry Olson]

sold aapl at 68.32

did anyone take sndk or peix???

 

[Jerry Olson]

Ndx Super Dynamic Support On The Ndx

On P&F the NDX has touched solid support here at 1640 and the rsing bullish support line.

http://www.buyitbuyitsellitsellit.com/OJ4.gif

 

[Jerry Olson]

SNDK---62.10 THE BTL---61.30 THE SST---IF YOU CHECK THE DAILY CHART FOR SNDK IT HAS JUST TOUCHED THE 20 EMA. ON P&F IT'S AT SOLID SUPPORT TO 61-60 WOULD BE A NICE BUY FOR THIS STOCK TODAY. http://www.buyitbuyitsellitsellit.com/OJ1.gif

 

[Jerry Olson]

FWIW we did get to the rising 20 ema Daily chart on the DJIA at about my target 11,400

need to take out 1305.50 es m6 for a pop

 

[Jerry Olson]

I am currently long AAPL at 67.83 and SNDK at 61.85 with 30 cent stops...