Shine Chat 10-31-11

 

Name Time Chat
clong 8:01  gm
Heath W 8:02  Good morning
FLASH 8:06  Good Morning
Bob S 8:18  gm
Bob S 8:24  MNTA getting that big down candle back with the Fridaty news
Mary Beth 8:25  good morning
8ball 8:32  gm
Paul 8:33  Good Morning
Lucky Bascone 8:43  gm
Deb 8:50  howdy
Barclay F 8:56  gm
Lieu 8:59  gm
Amit 8:59  Good Morning everyone. Happy Halloween
Mark CB 9:03  Good Morning
Meg 9:07  NBR quite a bit?
Doug S 9:09  gm
Bill D 9:21  Happy Halloween!!
8ball 9:23  RES upgraded by cannacord
FLASH 9:30  One of Shine’s major rules: Don’t short gap down opens, and dont buy gap up opens
Pepe 9:30  GM all…. SPY now trading around 127 below 200-day SMA 128.58 this is the big number!!!!! any way based on last range after the gap up 16.61 – 129.42 …..127.68 is the 68.8% retracement and 128.02 the 50% and next resistance… going down 126.61 is a big del lthen 126.19, 125.80, 125.75, 125.28
Jeff D 9:35  REE up
Mary Beth 9:35  gm all…missed this mornings mtg…was there any new news on LNG
Pepe 9:36  QQQ LAST tHURSDAY’S low after gap up 58.03….that a support/breakdown level…..
Dan T 9:36  VLO at day low
Mary Beth 9:37  Thx ..had to run out, son missed the bus
Bob S 9:38  BGZ with big move
habib 9:39  lost in SOHU
habib 9:39  never play earning
Semi 9:39  GM
Benjur 9:39  morning
Semi 9:39  picked up a little more vrtx
Lieu 9:39  ual positive
Meg 9:41  AET added to GS buy list
Pepe 9:42  spy CRUCIAL TO HOLD ABOVE 126.61
Bob S 9:43  SLB below R4
clong 9:44  CYOU lows
8ball 9:44  thx MM
Lin 9:47  aapl dump
Semi 9:47  cpi came in a little low
8ball 9:48  PMI 58.4 vs 58.9
Dan T 9:48  YOKU down 7%
Bob S 9:51  DNDN starting a grind down
Pepe 9:51  yoku FIRST SUPPORT AOUT OF THE PREVIOPUS LEG RANGE 18.56-22.75.. IS 21.15,, THEN 20.66 AND THEN 20.58 ( 50 DAY SMA
Semi 9:54  i’m sticking with vrtx for a while…added some at 40.35
Phillyman 9:58  SHAW
Lin 10:04  tna downtrending 1 min
Dan T 10:05  SPPI increased volume
habib 10:05  sold Sohu for loss
habib 10:06  bought before earning thought will pop as Bidu
Benjur 10:07  names liek V, AAPL, and AVT
Benjur 10:07  starting ot make highs
Dan T 10:07  MOBI rally
Benjur 10:07  watch some of these tech names
Benjur 10:07  if they start ramping i’d expect a small push
Benjur 10:08  financials beind held down yet again, but watch the regionals as they are strong than the big caps
Leo 10:08  Domino’s Pizza moving up this morning. Day highs getting overbought. DPZ
Dan T 10:10  nice breakout in CROX
Benjur 10:10  no SPDR sector fund is in the green
clong 10:10  LULU new highs
Lieu 10:10  aapl trying hard but could not goes positive, not just yet
Benjur 10:11  XLU is only down .17%
Benjur 10:11  watch marks
Benjur 10:11  7:15
Benjur 10:11  8:00
Lieu 10:11  aapl positive
Lieu 10:12  res positive
Bob S 10:13  BBBY on briefing with rumor
Lin 10:15  occupy wall st mantra The harder I work the more I owe AmericanThe less I work the more America owes me
Dan T 10:16  GNC nice up move
Phillyman 10:17  LULU
Semi 10:18  got crocked at 17.65
Barclay F 10:18  Mark, I’m still holding my CROX, what’s the next resistance?
Lieu 10:19  lng pulling back
Lieu 10:20  lng fast with volume
Paul 10:20  LNG ?
Semi 10:20  gocrox r =18.09 18.34
Bob S 10:21  That is only a 40 cent rang on SPY since open
John 10:27  FSLR getting smoked
Semi 10:29  vrtx at support 39.95
Lieu 10:30  ual negative, airlines weak
Lieu 10:30  aapl hod
nate 10:31  MF should be a wakeup call for those using Penson. If you have over SIPC limits with them, a rethink of that position may be worthwhile.
Semi 10:33  10:30 now, time to push em up
Barclay F 10:33  looks like CROX trying to reenter the ascending channel
Barclay F 10:35  CROX back in the ascending channel
Semi 10:35  crox testin high of day
Lin 10:36  how does this effect/affect lightspeed?
clong 10:38  affect – verb, effect – noun
Lin 10:38  whatev
clong 10:38  haha…..sorry
Lin 10:38  np
Lin 10:39  has to do with penson
Mark 10:39  When does MF end halt?
MikeB 10:40  Hi Clong today I have no speakers at all canr hear anything trying to fix it
clong 10:42  no problem…..im going to private chat you real quick….heads up
Barclay F 10:43  took out Crox at 17.73 for a small profit
phil 10:44  10000 years?
phil 10:44  they used to discard platinum when refining gold
Bob S 10:44  Ouch,,,,
Meg 10:45  mgm
Barclay F 10:46  8ball, can you take a look at the TRST daily chart? It broke out of an ascending daily channel that had a slight wedginess to it back on 10/27, it has now descended to touch that channel again, bullish or bearish signal?
phil 10:47  people should sell all their gold and buy platinum
Dan T 10:48  CCE good move higher this morning
8ball 10:50  Barclay, great assessment..still above exponential moving avg daily support comes in @ 4.89
Dan T 10:52  SPPI resistance at 11
Semi 10:53  gure near top band after BB squeeze (consolidated
Semi 10:53  on the daily
Semi 10:57  just looked at heat map of broad market…looks like a forest fire
Barclay F 10:58  thanks 8ball, so would touching the line indicate a bullish move or a bearish reentry? is the top of the channel now support for TRST?
Jeff D 10:59  CLH relatively strong this morning. Anything jumping out technically?
Dan T 11:00  VCI volume spike
8ball 11:01  it actually can be both IMHO need vol conviction, price action overall mrkt action
Phillyman 11:02  TWC
Meg 11:02  MGM seems to be holding 12
8ball 11:03  to dictate direction but if u consider it a long then retest would be good entry with a defined stop
Phillyman 11:03  SPPI broke thru
Dan T 11:03  MDAS increased volume
Semi 11:03  gonna buy some socks to put in my crox
Dan T 11:03  SPPI broke 11
Jeff D 11:07  HLF strong
Barclay F 11:10  thanks 8ball, and while we were discussing TRST it bounced off the old ascending channel top and went up.
Dan T 11:12  FLO nice rally
Semi 11:13  BAC needs to fill a gap at 6.66 on daily … be patient
Phillyman 11:15  what is the news on VLO
Phillyman 11:16  thx
mirzet 11:17  what method could I use to tell if the price will bounce up from an important resistance level or break through it? I’m getting better at knowing where resistance and support are but having a hard time reading if it will bounce off of the resistance or break through
mirzet 11:20  thanks a lot
Barclay F 11:26  CROX appears to want to continue to push up after a series of run-ups and pull backs, approaching 17.74 resistance again
Semi 11:27  go crox
Jeff D 11:28  8ball, what diud you say the GMCR/SBUX rumor was?
Jeff D 11:28  *did
Semi 11:28  the last crox bounce was off the 20 sma on 5 min chart
Barclay F 11:29  CROX right at the 17.74 number
Barclay F 11:29  over it!
Amit 11:29  WOW FAST moved up 0ver 20% in three weeks.
Dan T 11:31  increased volume in FLO
Barclay F 11:33  8ball, are we forming a head and shoulders on the intraday 2-minute on CROX? right shoulder just forming higher than the left?
Amit 11:34  HLF is moving nicely. Looking for pullback to get in ahead of toda’s earnings
Semi 11:34  Dick Bove saying Volker rule may get tighter and have more support thanks to MF
Barclay F 11:36  was looking at left shoulder about 10:40am, head about 11:03, right shoulder 11:35
Barclay F 11:36  not an inverse
Sheila 11:47  what is the next resistance levels for GMCR
Benjur 11:47  hmmm
Benjur 11:47  lunch hour
Benjur 11:50  whats going on
Benjur 11:50  ?
Benjur 11:50  market seems to be in stand still
Semi 11:54  GMCR on the daily R=71.17…71.82 jmho
Mary Beth 11:54  crox near hod
Semi 11:55  rock em sock em croc em
Barclay F 11:56  CROX now at the 17.95 resistance level, possible break out
Barclay F 11:57  or a short depending on your view
Barclay F 11:58  volume came in and it broke 17.95
Semi 12:00  CROX chart has a lot of head room…anybody care to comment on the fundamentals? please ;>
Semi 12:10  I just turned SIGA down wiith 3 sells…I feel like a computer…Commodore 64 ;>)…day trade…may get a chance to rinse/repeat later :)
Mary Beth 12:21  semi I was curious about crox as well, it seems 10/18 their price target was lowered on guidance ..the stock declined…there recent earnings as per investors.com their sales were up 27% and eArnings change from last qtr up 32%
Semi 12:30  crox
Semi 12:37  Thx M-B … looking now…I see an uprade by DA Davidson? from neutral to Buy…price target reduced from $25 to $22 // 89 million shares // about 7.7% short (around 7 million// cash per share 2.46// LT and ST debt 0.0// Current Ratio 3.11 //
Semi 12:43  CROX, the thrill of victory; the agony of de feet
Barclay F 12:45  you can’t run too far with CROX
Phillyman 12:49  VHC
8ball 13:03  Craig-Hallum $50 tgt VHC !!
Mary Beth 13:19  Thx semi…stepped away for lunch
Barclay F 2 13:28  watch the SPY pivot point
Barclay F 2 13:32  8ball, can you check the intraday SOHU graph from about 10:30am forward, do we have a wedge forming? Bearish? Lots of support at $61, but not much I can see below so if it breaks it could run down
Barclay F 2 13:34  THERE it goes!
8ball 13:42  watch foe ema support at $60.86 …doesnt mean it cant push lower just that algos playing around these levels
8ball 13:43  dividend stocks in play(utilities, reits
8ball 13:45  $60.48 fills gap SOHU
Jeff D 13:57  Does anyone have a technical read on HLF (earnings after close today)?
Amit 14:14  Jeff. all of hte stock in sectors are getting nice pop after earnings. money is flowing into the stock
Lin 14:16  qqq interesteing here 58.47
Lin 14:16  .37 i meant
Lin 14:18  tight stop-ed
Barclay F 2 14:19  yes, there are some chunky buy orders in SOHU around 60.40, but Melnick thought this might run as low as 56
Barclay F 2 14:20  I’ve just been nibbling at it with shorts as it rides that intraday channel, but now it is tightening up again
Amit 14:23  Based on what i learned on pocket pivot form Shnes room, looks like HLF shows $63.47 R4 breakout point . Hope this works becust I just bought call options
Frank W 14:30  good
Mark Melnick 14:31  thanks Frank
Barclay F 2 14:32  Melnick, take a look at your SOHU call, made some money with it today nibbling at it with shorts. Still think this can run to $56?
Semi 14:42  very interesting Mark…thx
Barclay F 2 14:43  excellent!, It’s like an education and a bed-time story all in one
kate 14:46  doom days are fun
Benjur 14:48  you know what i see on the 5 min?
Benjur 14:48  if we don’t break
Benjur 14:48  day lows
John 14:48  USO
Benjur 14:49  possible head and shoulders on teh 5?
Benjur 14:49  and more so on the one
Benjur 14:50  lol
Benjur 14:50  HELL NOo
Jeff D 14:54  Mark, do you have any kind of auto reflex when you see – intraday – a long series of green bars followed by a long series of reds (like HLF over the past 90 minustes or so?
Meg 14:55  GNC pushing
Semi 14:57  Looking at the Sector ETF’s and Indexes I track…very broad pullback,but not big percentage moves…Utes is only green on that watch list…
Jeff D 14:57  cool. thx.
Benjur 15:03  we gotta break low of day
8ball 15:04  dividend stks doing well reits, uts
Bob S 15:09  AMGN tracing
Bob S 15:09  trending down of R3
Randir 15:09  tlt at highs= buy tza…
8ball 15:12  qqq 5 min triangle pattern
8ball 15:13  since 10am
8ball 15:17  bought cp stop 62.54
8ball 15:18  ackman play looking 63.10
Randir 15:18  EL trending down nicely…nice..
Heath W 15:19  Is that William Ackman of Pershing Square?
Phillyman 15:19  sify near $5
8ball 15:19  yea bill ackman
8ball 15:21  RBC put $80 tgt todat raised from $66
Heath W 15:21  In this market, and after the experience I had with FDO, I’m not as confident in shareholder activism as a creator of value.
8ball 15:22  acknowledged
Randir 15:22  hey pal does your confidence come from experience?
Heath W 15:22  Randir, it does. I lost money in FDO. Based on that experience, I’m less confident. :
Heath W 15:24  For what it’s worth, though, Ackman spotted a tremendous opportunity in Wendy’s and produced a substantial amount of value by getting the company to make some very straightforward operational improvements to bring its performance in line with the performance of peers.
Randir 15:25  i see
Benjur 15:25  dont make fun of my boy jim
Benjur 15:25  lol
Lin 15:27  mark did you buy my book?
Randir 15:30  nice steady chart on tlt to the upside…
Barclay F 15:33  any news on validity of that china rumor?
8ball 15:34  rumors=noise
Randir 15:37  whose doin the crash course on the series 56?
kate 15:38  REDF on your short list?
Benjur 15:43  yes but noise makes waves
Benjur 15:43  lol
Randir 15:44  faz up a bick since 3pm! hola…
Randir 15:44  buck…
Randir 15:52  nice mbi move…..ninja!
Benjur 15:59  can you say sell prgoram?
Benjur 15:59  my god fast and furious
Amit 15:59  Thanks guys
Randir 16:00  shine your team is the truth
Bob S 16:00  Greta day guys!!
Mary Beth 16:00  Thanks guys
kate 16:00  thanks
Mark Melnick 16:00  CHRIS LONG, YA IM CALLING YOU OUT!!!!
Mark Melnick 16:00  YOURE THE MANNNNNNNNNNNN!
Bob S 16:01  No kidding, SPY great clsoing short
clong 16:03  haha
clong 16:03  thanks mark

Speak Your Mind

*