Blue Chip Bulldog - Latest Comments in TRADES For 6/17/09

Re: TRADES For 6/17/09

Ashok — Thu, 18 Jun 2009 11:19:37 -0000

Thaks for the reply, moo......I personally use the fast stochastics
14,3....seems to be a little more sensitive to the short term.....

Re: TRADES For 6/17/09

moo — Thu, 18 Jun 2009 10:34:11 -0000

that is FUNNY!

Re: TRADES For 6/17/09

Sentiment_Al — Thu, 18 Jun 2009 09:18:29 -0000

Thanks, Moo.

Re: TRADES For 6/17/09

moo — Thu, 18 Jun 2009 08:47:04 -0000

A colleague shared this with me as a possible tool to enter and exit trades. Does not work for all stocks however and I am new in using it for this purpose...so far it has been good, but not great. I have seen divergences between what I want and what really happens but nothing is perfect...

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 03:32:00 -0000

MLMT's globex session currency update: http://www.mylifemytrade.co...

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 03:11:55 -0000

Hey Moo - You never told us about your side business:

http://www.umoo.com/

LOL LOL LOL - found this when sharing love with one of our fellow bloggers :-)

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 03:11:12 -0000

Boy - you are a swing trader... at its very best, I must add.

Re: TRADES For 6/17/09

zstock7 — Thu, 18 Jun 2009 02:44:53 -0000

Long HES at 53. I'm expecting a one or two day bounce to 55-56, and then short it at 55-56, has something to do with commodity stocks are in a downtrend.

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 02:11:12 -0000

Thanks - I would greatly appreciate that... Every bit helps :-) Be it via trading or via shared love :-)

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Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 02:10:15 -0000

22.38 - I am pretty sure we will see that print before July opex... Most people think MSFT is a slow mover.. yes it is a slow mover.. but then its calls/puts are also much cheaper...

When things get ahead of themselves.. they are subjected to what RIMM was subjected.... it lost 3+ bucks on a day when Nasdaq was up 1%... MSFT will also come in line.. just a matter of time...

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Re: TRADES For 6/17/09

Modab — Thu, 18 Jun 2009 02:05:15 -0000

By the way...Ill make sure to give you some love when I hit your site.

Re: TRADES For 6/17/09

Modab — Thu, 18 Jun 2009 02:05:14 -0000

Thanks MLMT,

Yeah.... I am thinking the same thing. Will sell some credit spreads
on the next move up and take a back seat to let the trade develop.
MSFT looks like it is way ahead of itself..overcrowded trade on the
long side and will unravel sooner than later. I sold the first lot
this morning for a 30% profit and then bought them back EOD at 62
cents. I need 22.38 by July EXP to break even..... I like my odds.

Thanks for the follow up and Ill see you on Moo's blog tomorrow.

You live on the west coast...kinda late for the east coasters....

Im in LA, San fernando Valley

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 02:00:11 -0000

Those who shorted POT on Thursday must be feeling like Ben Bernake relocated the Fed printing presses to your backyard.

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 01:59:32 -0000

More upside for MSFT tomorrow .. you will be fine though.. Test of $21 guaranteed pretty much - easy 3-bagger for you here.

http://www.mylifemytrade.co...

I had bought Jul 24 puts on Tuesday for 0.94.. but closed them Wednesday morning anticipating a bounce and better entry.

Re: TRADES For 6/17/09

MLMT — Thu, 18 Jun 2009 01:56:15 -0000

Moo - now what is that you are discussing on your blog that prompts one of the "contextual" ads on your blog to be

http://screencast.com/t/O4b...

LOL :-)

Re: TRADES For 6/17/09

Ashok — Thu, 18 Jun 2009 00:35:44 -0000

Moo....would you take a moment to explain your preference for stochastics( Full? )15,9,9.....would appreciate very much..

Re: TRADES For 6/17/09

moo — Wed, 17 Jun 2009 23:10:39 -0000

Why buy FAS end of day?

This market was sold off to make premiums much cheaper for this Friday's option expiry which is quadruple witching day.

When do those options get unwound? Tomorrow after a gap up I think....

There was quite a fight today despite the tape ending up flatish, but to me this was just the setup for a high amplitude day tomorrow.

There was a small change in the McClellan Oscillator Wednesday, which I believe is suggesting a large price move.

It will be a huge whip. First UP sharply, then DOWN sharply.

Today, the QLD for example showed us a change of only +1.5% yet the high to low %change was closer to 4%.
Tomorrow's low/high % change numbers on all the indexes will be much more dramatic than this imo.

Let's see what actually happens tho....

My Trading Plan: I will not be holding any trade tomorrow for more than a few minutes at a time. I will look to $TICK to get me in and out of trades when exhaustive spikes get above +/- 1200 area. I will likely also use stochastic[15,9,9] to time my trades. I plan to exit FAS on the first $TICK > +1000 to +1200 range.

good night to all.

Re: TRADES For 6/17/09

Deej — Wed, 17 Jun 2009 21:05:12 -0000

Transport analysis: http://greedangerignorance....

Re: TRADES For 6/17/09

MLMT — Wed, 17 Jun 2009 19:59:49 -0000

Wow .. did someone notice FAS in AH - as we neared the end of AH i.e. 8pm ET.. FAS really caught a bid.. I am guessing that some folks seeing the futures melt up wanted to get on the train.. FAS printed as high as 8.78 - almost 1.5% up from the close.. WOW..

Re: TRADES For 6/17/09

nummy — Wed, 17 Jun 2009 19:51:53 -0000

http://www.screencast.com/t...
will we get a repeat performance?

Re: TRADES For 6/17/09

MLMT — Wed, 17 Jun 2009 19:30:55 -0000

In AH, FAS is up 6 cents.. LOL - getting close to be up 1% .. might actually get there by 8:00pm ET ... I doubled down on FAS in AH ... shhhhh.. dont tell that to any of the FAZholes :-)

Re: TRADES For 6/17/09

MLMT — Wed, 17 Jun 2009 19:29:41 -0000

I dont think there are many SRS addicts here.. but in case there are, here is my very detailed analysis of SRS... And this time around how about we share some love

http://www.mylifemytrade.co...

Re: TRADES For 6/17/09

Ashok — Wed, 17 Jun 2009 19:15:28 -0000

I checked this option above ....closed at 7.90......thats a $1.80 gain for today.......just on paper though.....

Re: TRADES For 6/17/09

Dutch — Wed, 17 Jun 2009 19:14:39 -0000

I took 5000 TNA long at 28, holding over night (sim trade for me on this as it got me into trouble before!)

Re: TRADES For 6/17/09

Ashok — Wed, 17 Jun 2009 19:05:11 -0000

well done miss.....!!