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Daily Stock Report Tuesday Morning, July 3, 2012
 Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit
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US stocks didn’t have the follow through as you would
expect from a 3% gain on Friday. The ISM index dropped
                                                                                         Summary Opinion
sharply below expectations to 49.7, the lowest reading in 3                              With this holiday week, the trading volume is light so stock prices
years. Below 50 is considered a contracting economy.                                     tend to be exaggerated. The bias is to the upside this week and
Expectations around the trading floors were building                                     long positions should perform better than shorts.
toward the Fed steps in with a stimulus plan and if that
expectation grows, it is likely investors will be disappointed.
                                                                                         Calendar (All Eastern times)
                                                                                         Monday, 1000am, ISM Index, 52.2 (>50 is expansion)
It was obvious this morning that many people left for                                    Monday, 1000am, Construction spending, 0.2%
vacation based on the lower volume and that is going to                                  Tuesday, 1000am, Factory Orders, 0.4%
                                  th                                                     Tuesday, 200pm, Auto and Truck Sales, 4.7M & 5.9M
dwindle more this week as July 4 is in two days. The
                                                                                         Thursday, 700am, MBA Mortgage Index, -7.1%
market closes early tomorrow at 1:00pm eastern time and                                  Thursday, 730am, Challenger Job Cuts, 66.7%
                    th
no trading on July 4 . Full trading hours resume Thursday                                Thursday, 815am, ADP Employment Change, 105K
and Friday.                                                                              Thursday, 830am, Continuing Unemployment Claims, 3.283K
                                                                                         Thursday, 1000am, ISM Services, 53.0
                                                                                         Thursday, 1100am, Crude Inventories, -0.133M
We are riding on the short few days that we get a relief of                              Friday, 830am, Nonfarm Payrolls, 100K
negative European news and next week we may hear some                                    Friday, 830am, Unemployment Rate, 8.2%
new twist that rattles the market again. It has to be a long                             Friday, 830am, Hourly Earnings, 0.2%
process of working out the European crisis with Italy and                                Friday, 830am, Average Workweek, 34.4
Spain are on the ropes now.                                                              Follow-up notes:
                                                                                         ROST, Ross Stores is selling off the last two days on the publicity of
                                                                                         discount stores are over-priced.
We are looking to reduce the long positions in selected                                  ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut
stocks as prices rise and expect the existing short positions                            on their earnings warning, try to get higher prices to sell next 1-2 days.
to come back down in price.                                                              MNST, Monster Beverage is breaking down. Consider selling on a little
                                                                                         rebound. Usually this means the momentum will start to come out of this
REPEAT: With this holiday week, the trading volume is light so                           and direction change to downtrend.
stock prices tend to be exaggerated. The bias is to the upside this
week and long positions should perform better than shorts.

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
     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.
                                                                                     1
19.   France being suggested as next European country to have financial problems.
     20.   Low volume summer trading.

                                                                         Scalp of the day from Trading Room: (all eastern times)
                                                                         LEAP, Leap Wireless had a 5% bounce. Stocks moved well both directions
                                                                         on Friday and should repeat on Monday.
                                                                         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)
                                                                         MRX, Medicis Pharmaceutical. Consider small long position.
                                                                         BK, The Bank of New York Mellon. Consider small long position.
                                                                         ECL, Ecolab. Consider small long position.

                                                                         GWRE, Guidewire. Consider small short Friday.
                                                                         RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days.

                                                                         Intermediate Trade Ideas: (weeks to months)
                                                                         PEP, Pepsico. Consider small long position.
                                                                         HIG, Hartford Financial. Consider small long position.
                                                                         ICON, Iconix Brand. Consider small long position.
                                                                         GRMN, Garmin. Consider small long position.
                                                                         PPO, Polypore. Consider small long position.
                                                                         EXR, Extra Space Storage. Consider small long position.
                                                                         NXTM, NxStage Medical. Consider small long position.
                                                                         LEAP, Leap Wireless. Consider small long position.
                                                                         LXK, Lexmark. Consider small long position.
                                                                         TLM, Talisman. Consider small long position.
                                                                         WFM, Whole Foods. Consider small long position.

                                                                         CANCEL IDEAS BELOW:
                                                                         DV, Devry. Consider small short position. CANCEL IDEA.
                                                                         COP, ConocoPhillips. Consider small long position.
                                                                         BK, Bank of New York Mellon. Consider small long position
                                                                         RMD, Resmed Health. Consider small long position..
                                                                         SFD, Smithfield Foods. Consider small short position.
Focus Chart: (Worden Telechart 2007-Download FREE on home page
of www.TradeStocksAmerica.com.)                                          Aggressive Investors-Traders (Higher risk, higher reward)
                                                                         SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small
SUPN, Supernus Pharmaceuticals moved from $5.85 to                       increments. Study Bullshort chapter in Wizard Training course.
$15.09 in one day last week and has substantial downside                 HNR, Harvest Natural Resources. Watching for potential short, for aggressive
profits on the short side if you are able to find shares to short.       investors.
This hit $8.70 on Monday’s low; looking for below $8 but be              Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard
flexible.                                                                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.




                                                                                  2
Stock List            Type                              Notes                       Open Price    Close
                                                                                                       Price
CMG,
CMG Chipotle Mex        LONG-INT     Closed all long position at 405, 236% avg. profit    163.49      367.18
MNST, Monster Bev.      LONG-SWI     +5% on Monday; giving it another 1-2 days
                                            Mo                                             42.69
MO, Altria              LONG-INT     Up elevator.                                          31.82
FNGN,
FNGN Financial Eng      SHORT-SWI    Re-entered short Thursday                             20.50
CHMT, Chemtra           SHORT-SWI    Expecting to resume downtrend.                        14.82       14.31
VCI, Volassis           SHORT-SWI    Stopped Friday for 5% loss.                           20.50       21.50
SHFL, Shuffle Mast      AGGSHORT     Missed Wed low to cover; waiting for lower price      14.25
NBL, Nobile Energy      LONG-SWI     Crude oil moved up $8 /barrel on Friday.              78.75
HUM, Human Health       LONG-SWI     Often a volatile healthcare stock.                    78.81
TARO, Taro Pharm        SHORT-SWI    Lower low Monday, looking for lows under $35          37.35
CNK, Cinemark           SHORT-SWI    Stopped Wednesday for 3.6% loss                       21.69       22.50
RHT, Redhat             SHORT-SWI    Covered short Friday with 2.2% loss.                  53.41       54.34
BEAV, BE Aerospace      SHORT-SWI    Covered Tuesday for 5.5% profit.                      43.42       41.00
SNI, Scripps Netw       LONG-INT                     highs
                                     Approaching new highs                                 57.31
SHW, Sherwin Will       LONG-INT                     highs
                                     Approaching new highs                                133.10
ASIA,
ASIA AsiaInfo           SHORT-SWI    Breaking down last two days.                          11.94       12.05
WAG, Walgreens          LONG-INT     Starting to move up.                                  29.33
HXL, Hexcel
HXL                     SHORT-INT    Covered Tuesday for breakeven.
                                                                  .                        24.36       24.35
IAG,
IAG IamGold             SHORT-INT    Small short position.                                 11.89
LAZ,
LAZ Lazard              SHORT-SWI    Covered Tuesday for 3.3% profit.                      25.39       24.57
IMAX,
IMAX Imax               SHORT-SWI    Covered Friday for 6.6% loss; consider covering       22.72       24.25
JAZZ, Jazz Pharma       SHORT-SWI    Looking for another 2-3 down days but reduce?         45.25
NSC,
NSC Norfolk South       SHORT-SWI    Small short position.                                 69.25
RBC, Regal-Beloit       SHORT-SWI    Covered Thursday for 3% profit.                       61.48       59.77
DY,
DY Dycom                SHORT-INT    Stopped Friday for 8.2% loss                          17.18      18.60
QSII, Quality Systems   SHORT-INT    Stopped Friday for breakeven; watch for short
                                                                 ;                         26.54      26.54
COF,
COF Capital One         SHORT-INT    Small short position                                  51.74
RBS, Royal Bank         SHORT-INT    Covered Thursday for 15.5% profit.                    7.43        6.44
HNR,
HNR Havest Natural      AGGRESSIVE   Small short position.                                 8.91
SHOO,
SHOO Steven Madd        SHORT-INT                                 1-
                                     Consider covering short next 1-2 days.                34.97       32.80
TIF,
TIF Tiffany             SHORT-INT    Downtrend firmly in place last 2 months               51.64
LVLT, Level 3 Comm.     SHORT-SWI    Small short position.                                 21.65
NFX,
NFX Newfield Expl       LONG-INT     Covered Monday for 12.3% profit.                      25.96       29.15
CLB,
CLB Core Labs           SHORT-INT    Small short position.                                113.50
FFIV, F5                SHORT-INT    Small short position.                                 96.63
RHT, Redhat             SHORT-INT    Small short position.                                 54.15
SUPN,
SUPN Supernus Phar      BULLSHORT    Monday’
                                     Monday’s low was $8.70; watch for cover price.        11.00
TLM, Talisman Enrgy     LONG-INT     Small long position.                                  11.54
LXK,
LXK Lexmark             LONG-INT     Gradual uptrend building.                             26.47
ICON, Iconix            LONG-
                        LONG-INT     Small long position.                                  17.60
PEP,
PEP Pepsico.            LONG-
                        LONG-INT     Small long position.                                  70.34
                                                       3
HIG,
HIG Hartford Life           LONG-INT
                             ONG-            Small long position.                                                  17.45




Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this
link: http://www.tradestocksamerica.com/trading-room.php

July 2, 2012                                                       July 2, 2012

TSA Moderator Chat                                                 TSA User Chat

[06:15 am] Ed : good morning all                                   [06:07 am] eyes : How are you doing ED
[06:28 am] Mitch K: OPEN is down premarket                         [06:08 am] Ed : doing fine how bout you
[06:32 am] Ed : watching LQDT for bottom to buy                    [06:08 am] eyes : Ready to start a new day
[06:33 am] Mitch K: watching FRAN for top to short                 [06:09 am] khall : Good morning all
[06:34 am] Ed : Still no signal on LQDT                            [06:13 am] qwert : Good morning everybody
[06:34 am] Mitch K: watching UA for bottom to buy                  [06:14 am] apple : good morning to all keen traders
[06:34 am] Mitch K: monitoring BBY for top                         [06:14 am] joeytsa : Good morning Mitch,Ed, everyone
[06:34 am] Mitch K: watching FAST for bottom to buy                [06:14 am] apple : gm qwert
[06:35 am] Mitch K: watching WWW for bottom to buy                 [06:14 am] apple : gm joey
[06:35 am] Mitch K: watching MCK for top to short                  [06:14 am] apple : gm khall
[06:35 am] Mitch K: watching NAV for bottom to buy                 [06:14 am] apple : gm eyes
[06:36 am] Mitch K: also watching WTW for bottom to buy            [06:14 am] apple : gm E
[06:37 am] Mitch K: watching MOS for top                           [06:15 am] eyes : GM Khall qwert aaple
[06:37 am] Mitch K: watching WYNN for top to short                 [06:15 am] lisas : gm all, good to be back!
[06:38 am] Mitch K: WYNN toppy                                     [06:15 am] apple : kicking myself - sold CELL last Fri small loss -
[06:38 am] Mitch K: watching SXCI for top to short                 today gained 3 points!
[06:38 am] Mitch K: watching APOL for bottom; missed juicy top     [06:15 am] apple : gm lisa
[06:38 am] Mitch K: watching VHC for top to short                  [06:15 am] lisas : Hi apple
[06:39 am] Mitch K: watching PPO for bottom                        [06:15 am] joeytsa : 7pst brings the ISM manufacturing
[06:39 am] Mitch K: watching VHC closer                            pmi,construction spending,ISM manufacturing prices
[06:39 am] Mitch K: watching CNX for top to short                  [06:16 am] skydiver : gm everyone
[06:39 am] Mitch K: watching POT for short here                    [06:16 am] joeytsa : CELL was acqured
[06:40 am] Mitch K: watching BBY closer                            [06:16 am] skydiver : gm Mitch and Ed
[06:40 am] Mitch K: watching HCA for bottom to buy                 [06:16 am] joeytsa : seems like quite a few buyouts today
[06:40 am] Mitch K: watching FDO for top to short                  [06:16 am] apple : that explains it... thx joey
[06:40 am] Mitch K: watching ROST for top to short                 [06:16 am] apple : gm sky
[06:41 am] Mitch K: BBY toppy                                      [06:16 am] skydiver : gm apple
[06:41 am] Mitch K: watching JOY for bottom                        [06:17 am] joeytsa : IM agreed to acuire them for $9/share
[06:41 am] Mitch K: watching MLNX for top to short                 [06:17 am] khall : AMLN and LNCR also buyouts
[06:41 am] Mitch K: watching LQDT closer, not bottom yet           [06:18 am] eddy : gd morning all
[06:42 am] Mitch K: watching SYK for bottom to buy                 [06:18 am] joeytsa : DELL acquiring QSFT
[06:43 am] Mitch K: watching ESI for bottom to buy                 [06:19 am] apple : thx joey and khall
[06:43 am] Mitch K: watching DV for bottom                         [06:19 am] apple : gm eddy
[06:44 am] Mitch K: watching ESI for bottom to buy                 [06:19 am] khall : morning eddy, apple, qwert
[06:44 am] Mitch K: watching OPEN closer                           [06:20 am] eddy : hi khall
[06:44 am] Mitch K: all three education stocks dumping, latest     [06:20 am] khall : welcome back lisa - Happy Monday
one is CECO, others posted were APOL, DV, also watch ESI           [06:21 am] dadecuir : Good morning, every one!!
[06:45 am] Mitch K: watching GRPN for bottom                       [06:21 am] joeytsa : dadecuir: are you new?
[06:46 am] Mitch K: or sell                                        [06:22 am] Ed : welcome dadecuit
[06:46 am] Mitch K: consider reducing FAST long                    [06:22 am] apple : gm dade
[06:46 am] Mitch K: watching SHPGY for top to short                [06:23 am] Ed : dadecuir
[06:46 am] Mitch K: monitoring OSIR drop                           [06:23 am] khall : welcome to the room dadecuir
[06:47 am] Mitch K: watching $27 area for FRAN short to cover      [06:23 am] skydiver : welcome aboard dadecuir
[06:47 am] Mitch K: watching UNH for bottom to buy                 [06:23 am] dadecuir : Yes. I'm new.
[06:48 am] Mitch K: consider reducing WTW long                     [06:23 am] qwert : gm dadecuir welcome
[06:48 am] Mitch K: but trading will be more volatile too, which   [06:24 am] joeytsa : good to have you
is a good thing                                                    [06:24 am] lisas : Hi dadecuir
[06:48 am] Mitch K: watching MAKO for top to short                 [06:24 am] eddy : welcome dadecuir
                                                                   4
[06:48 am] Mitch K: much fewer ideas today, July 4th holiday      [06:24 am] lisas : Hi khall!
vacation going to be very light on ideas                          [06:25 am] joeytsa : lisa lisa :)
[06:49 am] Mitch K: watchign POT if goes below open price         [06:25 am] lisas : joey joey, liked the video!
around 43.68; if goes below, watch out below                      [06:25 am] khall : lisa :-)
[06:49 am] Mitch K: LQDT bounce is very weak                      [06:25 am] joeytsa : ahhh, thanks :)
[06:49 am] Mitch K: APOL tyring to bounce                         [06:26 am] jolliffboy : welcome ddecuri, where are you located???
[06:50 am] Mitch K: consider reducing SYK long                    [06:27 am] apple : gm jolli
[06:50 am] Mitch K: MLNX toppy                                    [06:27 am] jolliffboy : hey apple.
[06:52 am] Mitch K: consider reducing OPEN                        [06:28 am] apple : gm MK thx
[06:53 am] Mitch K: consider selling remaninig WTW long           [06:29 am] doji : Good Morning
[06:53 am] Mitch K: looking for 92 area to reduce UA long         [06:29 am] Ed : Hey dadecuir quite a few ideas get recommended
[06:53 am] Mitch K: FRAN short broke below open now under         during first 90 minutes, dont feel like u have to take every trade, take
$27, should drop more                                             it slow to get the hang of the room
[06:53 am] Mitch K: MAKO toppy                                    [06:29 am] lisas : Hi Doji!
[06:53 am] Mitch K: watching SINA for bottom to buy               [06:29 am] doji : Hi Lisas!
[06:54 am] Mitch K: also POT still pointing down                  [06:30 am] apple : gm doji
[06:54 am] Mitch K: getting acceleration on the downside with     [06:30 am] doji : Hi Apple
MOS, WYNN, CNX, now SXCI and USG                                  [06:32 am] scalpman : LQDT for bottom
[06:55 am] Mitch K: LQDT getting going on the bounce              [06:32 am] eyes : LYB
[06:56 am] Mitch K: consider reducing UA long                     [06:32 am] doji : LNKD
[06:57 am] Mitch K: watching MAKO closer to cover short           [06:33 am] doji : FB
[06:57 am] Mitch K: consider selling FAST long                    [06:40 am] doji : Test
[06:57 am] Mitch K: consider covering most of FRAN short          [06:40 am] Ed : i c ya doji
[06:57 am] Mitch K: soon                                          [06:40 am] doji : Thanks
[06:57 am] Mitch K: watching VRA for bottom                       [06:43 am] apple : PCYC moving
[06:58 am] Mitch K: watching FB for bottom to bounce, looks       [06:44 am] apple : nice drop on OPEN MK
like here                                                         [06:47 am] joeytsa : AAPL up nice so far
[06:59 am] Mitch K: watching GRA for bottom                       [06:47 am] joeytsa : ES testing some res here
[07:00 am] Mitch K: watching LULU for bottom                      [06:53 am] joeytsa : nice call on OPEN,WTW
[07:00 am] Ed : drop in ISM number                                [06:53 am] aussie123 : nke
[07:01 am] Mitch K: looking for under $86 on SHPGY short, be      [06:53 am] joeytsa : watching ALXN
flexible                                                          [06:56 am] eyes : KRO
[07:02 am] Mitch K: consider reducing MCK short soon              [06:56 am] eyes : Never mind No Vol
[07:02 am] Mitch K: consider covering some of MAKO short          [06:57 am] scalpman : Out 1/2 MAKO S
[07:02 am] Mitch K: if you did consider covering most of FAST     [06:58 am] scalpman : Out another 1/4 MAKO S
soon                                                              [07:00 am] scalpman : All out MAKO S
[07:02 am] Mitch K: hope you shorted top of bounce in FAST,       [07:00 am] joeytsa : nice dump in the markets on tha #
WTW                                                               [07:01 am] rusty : ss TLT into strength
[07:03 am] Mitch K: VRA bouncy soon, LULU not yet                 [07:02 am] skydiver : covered 3/4 FIRE S 51.81 - 51.25
[07:03 am] Mitch K: GRPN bouncy                                   [07:03 am] skydiver : all out of FIRE S
[07:03 am] Mitch K: LULU and VRA two best charts for potential    [07:04 am] apple : nice sky
longs                                                             [07:04 am] joeytsa : watching CMI for a bottom
[07:03 am] Mitch K: consider selling UA long                      [07:04 am] apple : gm rusty
[07:04 am] Mitch K: consider covering SXCI, CNX, WYNN, all        [07:04 am] skydiver : thnx apple :)
cover here                                                        [07:04 am] joeytsa : nice trading sky
[07:04 am] Mitch K: consider covering VHC short                   [07:04 am] skydiver : :)
[07:04 am] Mitch K: consider covering MOS                         [07:06 am] skydiver : been playing FDX - didn't mention it as very
[07:06 am] Mitch K: Oil, crude oil spiking hard                   little profit, but now it dropped nicely
[07:06 am] Mitch K: consider covering MLNX here                   [07:06 am] apple : good one sky
[07:07 am] Mitch K: must have been a war scare                    [07:07 am] skydiver : :)
[07:08 am] Mitch K: also watching to cover ROST                   [07:07 am] joeytsa : sky: i used to use FDX as an indicator
[07:08 am] Mitch K: watching FDO closer for cover point on next   [07:07 am] skydiver : really joey? didn't know -
bottom,                                                           [07:08 am] joeytsa : if they were doing good, i took it as people
[07:08 am] Mitch K: fewer ideas today but working well for us,    doing a lot of buying
mostly shorts                                                     [07:08 am] skydiver : very logical - gotcha :)
[07:09 am] Mitch K: LULU should bottom fairly soon, no signal     [07:08 am] joeytsa : when they dropped, it signalled a slowdown
yet though                                                        [07:09 am] joeytsa : probably still works, havent checked lately for
[07:09 am] Mitch K: if you havent sold OPEN try for 42 area,      some reason
already went above                                                [07:09 am] skydiver : will remember that and check it out joey :)
[07:09 am] Mitch K: looking fo runder $86 on SHPGY short to       [07:10 am] joeytsa : that was the lowest ISM # in 3yrs
cover                                                             [07:10 am] skydiver : no wonder the market went south so quick.
[07:10 am] Mitch K: LULU buy signal                               Helped my shorts however
[07:10 am] Mitch K: watching BIDU for bottom                      [07:10 am] joeytsa : ES down abot 10pts from the top
[07:11 am] Mitch K: starting to watch CSTR drop                   [07:11 am] joeytsa : yeah and GS gave an early tell
[07:11 am] Mitch K: watching DVA for bottom to buy                [07:12 am] rusty : ISM Largest one month decline in orders since
[07:12 am] Mitch K: lol, well, except FAST                        the month right after 9/11

                                                                  5
[07:12 am] Mitch K: consider covering shorts                     [07:13 am] skydiver : thnx rusty
[07:12 am] Mitch K: indexes trying to bounce                     [07:13 am] joeytsa : construction was up, but overall thing dont look
[07:12 am] Mitch K: BIDU bouncy                                  great to me
[07:12 am] Mitch K: SINA bouncing                                [07:14 am] joeytsa : should be a very interesting earnings season
[07:12 am] Mitch K: watching RVBD                                coming p
[07:13 am] Mitch K: watching FFIV for bottom                     [07:14 am] joeytsa : up
[07:17 am] Mitch K: same with SYK                                [07:14 am] eyes : ED you get LQDT what was your entry
[07:17 am] Mitch K: LULU should start accelerating up more       [07:16 am] jsn13 : LULU bouncing...
[07:20 am] Mitch K: SPY turning over too                         [07:19 am] khall : joey, I have a feeling the numbers won't be as
[07:20 am] Mitch K: consider reducing SYK                        good as expected
[07:20 am] Mitch K: SYK toppy                                    [07:19 am] joeytsa : which ones?
[07:21 am] Mitch K: its the morning after big party on Friday,   [07:19 am] khall : earnings this next quarter
markets havent sustained past those big spike days               [07:20 am] joeytsa : agreed, or guided much lower
[07:22 am] Mitch K: monitoring TRIP for top                      [07:20 am] joeytsa : they are looking for 101k jobs this week, we'll
[07:23 am] Mitch K: FFIV should get over 98, be flexible         see
[07:23 am] Mitch K: mkt trend up resuming                        [07:21 am] khall : yes, we will
[07:24 am] Mitch K: watch VHC for 2nd helping short              [07:22 am] scalpman : OUt 1/2 LULU L
[07:24 am] Mitch K: consider selling PPO if long                 [07:23 am] skydiver : SPY at vwap
[07:24 am] Mitch K: GRA bouncing, usually slow mover             [07:23 am] skydiver : CRM climbing nicely
[07:25 am] Mitch K: ESI dead, doa                                [07:24 am] apple : joey, i heard 90k earlier
[07:25 am] Mitch K: consider selling most of DV long position    [07:26 am] scalpman : Out another 1/4 LULU L
[07:25 am] Mitch K: watching CNX, WYNN LVS, SXCI MOS for         [07:26 am] joeytsa : i see both apple
2nd short, same with POT                                         [07:26 am] joeytsa : thurs # is 101, fri # 92
[07:25 am] Mitch K: USG worth watching for short                 [07:27 am] scalpman : All out LULU L
[07:29 am] Mitch K: good symbols today . . . LIFE can be a       [07:27 am] apple : ok thx
TRIP if you go LULU with POT and go down FAST                    [07:28 am] joeytsa : believe they need 100k just to break even
[07:47 am] Mitch K: watching GNC                                 [07:28 am] apple : if there is such a thing
[07:58 am] Mitch K: watching VAR                                 [07:29 am] joeytsa : what..jobs?? :)
[08:34 am] Ed : SPY trading in tight range                       [07:29 am] Ed : good one
[09:25 am] Ed : SPY trading at resistance                        [07:29 am] qwert : hahaha
[09:28 am] Mitch K: watching WPI                                 [07:29 am] skydiver : nice one Mitch :)
[09:36 am] Ed : getting bounce in SPY                            [07:29 am] apple : lol, yes and breakeven - when would that be...
[10:14 am] Mitch K: watching CHRW                                [07:29 am] joeytsa : nice, Mitch is playing boggle again :)
[10:33 am] Mitch K: monitoring QIHU                              [07:29 am] lisas : :)
[10:42 am] Mitch K: watching AEP                                 [07:30 am] apple : MK, you are on a rollllllllllllllllllllll
[10:53 am] Mitch K: consider reducing                            [07:32 am] khall : ahhh, talk of closing the straight of Hormuz (sp?) -
[10:53 am] Mitch K: AEP toppy                                    thus the oil spike
[11:18 am] Ed : getting nice pop in SPY                          [07:32 am] joeytsa : just listening to that
[11:40 am] Mitch K: watching SXCI again                          [07:32 am] joeytsa : sanction yesterday?
[11:42 am] Mitch K: watching ACTG                                [07:33 am] khall : didn't catch that one...
[11:51 am] Mitch K: SXCI getting toppy                           [07:37 am] scalpman : Ed, BBY closed few cents above open for a
[12:10 pm] Ed : getting pullback in SPY                          LONG...yes?
[12:49 pm] Ed : just watching action in SXCI/CHSI not much       [07:40 am] rusty : y[10:40] FSCO1: NYSE volume 160M shares,
time left                                                        about 7% below its three-month average; advancers lead decliners
[01:00 pm] Mitch K: good evening everyone                        by 1.1:1. - NASDAQ volume 485M shares, about 25% above its
[01:00 pm] Ed : have a great evening traders                     three-month average; decliners lead advancers by 1.1:1.
                                                                 [07:41 am] scalpman : Was DUK a stock split or GAP down...?
                                                                 [07:42 am] Ed : yes scalp bby nice one
                                                                 [07:42 am] apple : thx rusty
                                                                 [07:43 am] scalpman : Ed, it fits the pattern nicely.
                                                                 [07:43 am] lisas : Hi Rusty! Glad to see you are back!
                                                                 [07:43 am] Ed : it does
                                                                 [07:43 am] aussie123 : thx rusty
                                                                 [07:45 am] scalpman : LNCR earlier had 300,000+ shares, 41.26-
                                                                 27...what might be happening there?
                                                                 [07:46 am] Ed : think it is a buyout
                                                                 [07:46 am] khall : yes, it's a buyout
                                                                 [07:46 am] scalpman : ah...thanks
                                                                 [07:47 am] rusty : 3.8B buyout, 41+/share
                                                                 [07:47 am] rusty : has been rumored for a week
                                                                 [07:47 am] scalpman : How come buy-outs are not called "sell-outs"
                                                                 [07:48 am] rusty : scalpman = socrates
                                                                 [07:48 am] skydiver : nice one rusty :0
                                                                 [07:48 am] skydiver : :)
                                                                 [07:48 am] eyes : Any thoughts on LQDT it looks to be cons
                                                                 [07:49 am] rusty : LQDT supposedly a very negative piece by OWS

                                                                 6
firm
[07:50 am] eyes : I would say so it Droped 20%
[07:50 am] rusty : they supposedly have a 425 target....havent seen
the report myself
[07:50 am] rusty : $25
[07:51 am] skydiver : well - my time is up -- see all of you tomorrow
- 4 wins one loss today -- thnxs TSA and all the great traders
[07:51 am] scalpman : OUt 1/2 GANC S
[07:51 am] scalpman : GNC
[07:51 am] khall : bye sky
[07:51 am] scalpman : out another 1/4 GNC S
[07:52 am] Ed : see ya sky
[07:52 am] scalpman : bye sky
[07:52 am] qwert : watching bby
[07:52 am] scalpman : BEE-uty Mitch GNC
[07:53 am] jsn13 : Ed, did u take GNC short?
[07:54 am] scalpman : Stopped at 40.97 last piece
[07:54 am] scalpman : GNC
[07:54 am] Ed : yes
[07:54 am] apple : good job scalp
[07:54 am] jsn13 : may i know the entry time?
[07:55 am] scalpman : BBY for shot
[07:55 am] Ed : 10:48 with stop above hod
[07:55 am] scalpman : short
[07:56 am] scalpman : Thanks apple..
[07:56 am] jsn13 : ok after shooting star? not a powerful breakout
right?
[07:56 am] scalpman : missed BBY will wait for small bounce
[07:57 am] rusty : TLT hod
[07:57 am] apple : thx rusty
[07:57 am] go4it : Have fun/safe 4th traders be back Thursday!
[07:57 am] scalpman : All out GNC hit my limit at vWAP..
[07:58 am] khall : have a good one go4it
[07:58 am] Ed : see ya bruce
[07:58 am] scalpman : Watching BBY for a bounce and lower
high...
[08:02 am] jsn13 : QCOR
[08:03 am] eyes : That is something i have to learn I shorted BBY
and it just cons I should have got out
[08:04 am] eyes : whats a max amount of time to see if it works any
suggestiond
[08:05 am] scalpman : BBY ..maybe a lower low...
[08:05 am] scalpman : Anybody get BBY S
[08:05 am] eyes : LQDT moving
[08:06 am] scalpman : LQDT stocks at top...wait for pull back..
[08:06 am] scalpman : stochs
[08:07 am] scalpman : BBY holding...may still be in trend LONG
[08:10 am] scalpman : LQDT ..not fluid!
[08:12 am] eddy : no edge on LQDT it can go in any direction now
[08:15 am] eyes : NEM
[08:15 am] scalpman : LULU dropping more...looking for a bounce.
[08:15 am] rusty : QIHU negative analyst report out
[08:16 am] scalpman : Ed, two good trades from 10:11 and 10:47
EST...my later start still working...
[08:16 am] Ed : nice going scalp
[08:17 am] scalpman : Will watch for one more quality trade...eyes
on the stochs....
[08:17 am] apple : smart guy scalp
[08:18 am] scalpman : "EYES"...didn't you used to be "EYES-on
MacD"
[08:18 am] eyes : Yes Scalp
[08:18 am] scalpman : Apple, thanks
[08:19 am] eyes : NEM Bounceing double bottom
[08:19 am] apple : he's been eyes on everything... he's got eyes...
[08:19 am] scalpman : I was thinking of changing my screen name
to "Scalpman on the Stochs"

7
[08:19 am] scalpman : (ha)
[08:19 am] apple : lol, scalp is perfect
[08:19 am] apple : nice move on VAR
[08:21 am] scalpman : LULU's back in town....moving up
[08:22 am] scalpman : (actually that's a song title from the 1920s)
"Lulu's Back in Town"....
[08:22 am] Ed : telling ur age scalp
[08:22 am] eyes : It should Be slow Learner
[08:23 am] scalpman : Nice move on LULU...I'm gabbin' when I
should be paying attention.
[08:24 am] scalpman : ok...back to business...
[08:25 am] rusty : If anyone is interested in QIHU report, em me at
rustytrades@gmail.com
[08:25 am] scalpman : FDO sell off..missed it.
[08:25 am] rusty : DLTR was dg by two analysts today
[08:25 am] rusty : fwiw
[08:28 am] eddy : wat is fwiw rusty?
[08:28 am] khall : thanks rusty
[08:29 am] apple : for waht it's worth, eddy
[08:29 am] apple : what
[08:29 am] eddy : ok
[08:31 am] eddy : LULU climbing well
[08:33 am] eddy : test
[08:34 am] Ed : i see ya eddy
[08:34 am] eddy : k
[08:36 am] rusty : PCYC radar based on daily....volume
light...somewhat overbought
[08:36 am] joeytsa : yeah Ed, since that drop, been in a 4-5 pt
range overall
[08:37 am] eyes : NEM No good
[08:37 am] rusty : anyone fade the AMPE gap today?
[08:37 am] rusty : nice candle
[08:39 am] scalpman : LULU S @ 57.59 stopp at .75
[08:40 am] scalpman : OUt 1/2 LULU S...
[08:41 am] scalpman : stop at b.e.
[08:42 am] eddy : nice scalpman
[08:42 am] scalpman : Thanks eddy...not a lot of money here but
signals looked good.
[08:43 am] scalpman : Let's see if it breaks down more...
[08:44 am] apple : MDVN moving out of consolidation
[08:44 am] scalpman : LULU could test the lod
[08:45 am] scalpman : support at .20
[08:47 am] scalpman : OUt another 1/4 @ .20
[08:48 am] rusty : DLTR lod
[08:49 am] scalpman : trailing down last stop...LULU S
[08:49 am] scalpman : and all out.
[08:50 am] scalpman : avg about 25c ...on LULU..
[08:51 am] eddy : LQDT
[08:51 am] qwert : BBY trying to hold 23 area
[08:51 am] apple : i love the V in VAR
[08:56 am] scalpman : Apple what was your entry?
[08:57 am] eyes : PHM any thoughts
[08:57 am] scalpman : Eyes...stochs are at the bottom.
[08:57 am] eyes : Res on Daily
[08:58 am] scalpman : ...and flatting
[08:58 am] scalpman : .hit 0 on over-sold...don't think I've seen that
before!
[08:59 am] scalpman : PHM stochs turning up...maybe a bounce
here
[09:00 am] joeytsa : has res about 4-5cents above though
[09:02 am] joeytsa : LQDT trying to hold $39
[09:02 am] rusty : CIGX hod
[09:02 am] eyes : ci another one
[09:05 am] rusty : STZ hod, entering overbought territory on
daily...might be worth watching
[09:06 am] eyes : CI Bounceing

8
[09:07 am] eyes : Ok I am just looking at junk Break Time
[09:07 am] apple : been loking at STZ too rusty
[09:12 am] scalpman : Time to go, gentlemen....Great calls today by
Mitch...I was 3/3 no mistakes...a good way to start off the month...
[09:12 am] Ed : nice going scalp
[09:12 am] scalpman : Thanks Ed, and thanks Apple who always
has a supportive word!
[09:13 am] apple : have a great day scalp and keep up the good
work
[09:13 am] scalpman : See you all tomorrow...
[09:13 am] eddy : bye scalp
[09:14 am] scalpman : Bye eddy...PHM moved up....did you go
Long?
[09:14 am] scalpman : Scalpman has left the building!
[09:33 am] apple : nice drop on WPI
[09:44 am] eddy : off fot a 15mns legs stretching walk ...will be back
[09:44 am] joeytsa : smart plan eddy
[09:45 am] joeytsa : NFLX banging on this $68 level quite a bit
today
[09:45 am] apple : eddy - good idea, i am going to take a break too
[09:45 am] totora : hello ed plz open window
[09:47 am] apple : hello tortora, how are you
[09:49 am] Ed : hey totora
[09:50 am] lisas : first +1000 Tick for the day
[09:51 am] apple : thx lisa
[09:53 am] Ed : hey lisa how u all make out with tornados we had, 3
in 5 days
[09:54 am] apple : she was partying
[09:54 am] Ed : figures
[09:54 am] lisas : wow, we did ok, in fact very well considering it
was my niece's wedding and both the wedding and reception were
outside. Just a little hot is all
[09:54 am] apple : girls like to have fun
[09:54 am] joeytsa : glad you are all safe
[09:55 am] Ed : thx joey
[09:55 am] lisas : There were tornado watches during weddiing, but
it all stayed away. Did you get damage at your house Ed?
[09:55 am] Ed : closest damage was .5 miles away
[09:56 am] apple : wow, tg for both of you
[09:56 am] lisas : that's pretty close. We saw trees down around
area, never even lost power, unusual for our neighborhood
[09:57 am] Ed : each storm hit 1million without power
[09:58 am] apple : here, the electric co. ConEd is negotiating a new
contract... NJ was hit the other day
[09:58 am] khall : ugh - I feel for you guys
[09:59 am] joeytsa : sounds like you all need a vegas vacation :)
[09:59 am] Ed : sounds good
[09:59 am] apple : leave it to joey to suggest some fun
[09:59 am] lisas : 3 weeks!
[09:59 am] khall : remind us of the temps there?
[09:59 am] khall : hotter than hades? LOL
[09:59 am] lisas : hot and hotter, isn't that the temp everywhere?
[10:00 am] Ed : if u can deal with humidity u can deal with vegas
temps
[10:00 am] joeytsa : lisa, are you coming here?
[10:00 am] eyes : I agree
[10:00 am] khall : we are catching a break today - only supposed to
hit 98
[10:00 am] joeytsa : it will be 106 here today
[10:00 am] eyes : were do you live Khall
[10:01 am] lisas : we're having a cold spell, 83
[10:01 am] khall : Tulsa
[10:01 am] joeytsa : AMZN testing prev cl
[10:02 am] joeytsa : your power went out because Ed tried to hook
up 2 more monitors :)
[10:02 am] Ed : good one

9
[10:02 am] apple : lol joey
[10:02 am] lisas : joey, no, we're headed to the outerbanks
[10:03 am] joeytsa : ahh, thought you were coming here
[10:04 am] lisas : No, kids wouldn't come. We've been going to the
beach with extended family for 25 years. Up to 44 people now (in
one house, yikes!)
[10:04 am] khall : ha ha - sure you don't want to sneak off to
Vegas?
[10:04 am] lisas : We've tried going other places, but only the beach
will do.
[10:04 am] joeytsa : that doesnt sound like a vacation to me
[10:05 am] joeytsa : im trying to get away from family
[10:05 am] lisas : It doesn't does it, but it works for us, wouldn't miss
it.
[10:05 am] khall : it sounds like that kind of chaotic fun - sort of like
me cooking Tgiving dinner for 25 ppl
[10:06 am] Ed : how long 1 week, or 2 weeks
[10:06 am] lisas : 1 week
[10:06 am] apple : sounds great lisa
[10:06 am] apple : 1 day, E
[10:06 am] apple : lol
[10:07 am] joeytsa : just watching VMW
[10:08 am] joeytsa : same with UNH
[10:08 am] eyes : UNH
[10:08 am] joeytsa : also watching the triple top on WPI
[10:09 am] apple : waiting for the drop...
[10:09 am] khall : joey - 4:1 companies saying they aren't going to
do as well as they thought they would
[10:10 am] joeytsa : for a long, either a breakout here or a higher
low on a pullback
[10:10 am] joeytsa : yeah, thats what i posted last week
[10:10 am] khall : must have missed that one..
[10:10 am] joeytsa : yeah posted it twice, it was actually 3.6:1 that i
posted
[10:11 am] eyes : CNC
[10:12 am] sakii : Watching VHC
[10:14 am] sakii : chrw
[10:14 am] sakii : chrw
[10:14 am] sakii : oops wrong keyboard
[10:20 am] rusty : BBY defending themselves
[10:21 am] rusty : denying takeover rumor
[10:24 am] apple : thx rusty
[10:24 am] joeytsa : with that daily chart, they should want to be
taken over :)
[10:25 am] eyes : did anyone get CNC
[10:25 am] joeytsa : i didnt
[10:25 am] joeytsa : nice one though, hit res and fell 20cents
[10:25 am] eyes : I am S CHRW .94 ant suggestions
[10:26 am] joeytsa : yeah, dont lose your profits :)
[10:26 am] eyes : what profits
[10:28 am] joeytsa : sorry i was looking at CNC
[10:28 am] joeytsa : CHRW looks to have support @ $59, it was res
[10:30 am] Ed : did u have stop over hod, eyes, that case u would
be out
[10:30 am] eyes : stoped out 59.17
[10:32 am] eyes : I had it .05 above
[10:33 am] eyes : qihu
[10:35 am] rusty : TLT comng to papa
[10:37 am] eyes : Ed was .o5 to much in your opnion
[10:38 am] Ed : overall it was fine
[10:51 am] rusty : F worth watching based on daily chart
[10:53 am] apple : thx rusty
[10:55 am] lisas : Taking off, bye all!
[10:56 am] Ed : c ya lisa
[10:57 am] apple : bye lisa, have fun, talk to you later
[11:00 am] rusty :

10
http://www.thestreet.com/story/11604273/1/ampio-insiders-aided-by-
pr-blitz-soon-free-to-sell-millions-of-shares.html AMPE
[11:02 am] mh : FB
[11:08 am] qwert : bye everybody see ya in the am from kona, gotta
pack up
[11:09 am] eyes : Have Fun QWERT
[11:09 am] Ed : c ya qwert save travels
[11:09 am] qwert : thx cya tomorrow
[11:09 am] khall : have a great time qwert
[11:20 am] eyes : tol HOD
[11:26 am] rusty :
http://www.crainsnewyork.com/article/20120702/MEDIA_ENTERTAI
NMENT/120709989
[11:26 am] rusty : CNN anchor Anderson Cooper reveals he's gay
[11:29 am] Ed : no surprise
[11:30 am] joeytsa : he revealed that a while back
[11:30 am] joeytsa : maybe he really means it this time?
[11:30 am] Ed : their ratings are down also
[11:31 am] joeytsa : yeah
[11:31 am] rusty : U.S.-Backed Abound Solar Files for Chapter
Seven Bankruptcy
[11:32 am] joeytsa : CHRW just under $61 now..nice move
[11:37 am] rusty : HZNP another on worth watching based on daily
chart
[11:46 am] rusty : any CBRL patrons here?
[11:46 am] rusty : CBRL aficionados?
[11:50 am] joeytsa : not anymore..saw a buy on it today
[11:51 am] joeytsa : rusty: think it was sam collins who said it could
go to$72..cant remember exactly
[11:56 am] rusty : havent looked at in awhile...kinda surprised to
see it up here
[11:57 am] eyes : See U all tommorow
[11:58 am] Ed : c ya eyes
[11:58 am] rusty : bye eyes
[11:58 am] khall : later eyes
[11:58 am] eddy : bye eyes
[11:58 am] joeytsa : yeah, think he said on a beak over $62, could
get it to teh $70-74 area
[12:01 pm] apple : bye eyes have fun
[12:05 pm] joeytsa : AMZN testing prev cl again
[12:18 pm] rusty : CHK adar
[12:18 pm] rusty : CHK radar
[12:19 pm] rusty : DOJ probe
[12:20 pm] apple : thx rusty
[12:21 pm] eddy : wat is DOJ?
[12:22 pm] joeytsa : dept. of justice
[12:23 pm] eddy : thx
[12:24 pm] joeytsa : nice pullback on CHRW after failing at $61
[12:27 pm] eddy : halted?
[12:27 pm] eddy : chk?
[12:28 pm] eddy : no it is not
[12:28 pm] rusty : ROK radar
[12:30 pm] eddy : see you all
[12:30 pm] eddy : done for tonite
[12:30 pm] Ed : c ya eddy
[12:30 pm] joeytsa : bye eddy
[12:31 pm] joeytsa : thank for liking the video :)
[12:31 pm] eddy : it was good joey
[12:31 pm] eddy : bye
[12:31 pm] joeytsa : thanks
[12:31 pm] apple : when did you post it joey
[12:31 pm] apple : bye eddy have fun
[12:31 pm] joeytsa : i think saturday
[12:34 pm] khall : so is that what you do in between trades? ;-)
[12:37 pm] joeytsa : :)
[12:40 pm] joeytsa : nice move on LNKD off that multi-bottom

11
[12:43 pm] joeytsa : SPY vol a bit low
                                                                            [12:49 pm] apple : nice drops
                                                                            [12:49 pm] khall : I think I'm finished for the day - going to go get a
                                                                            weight workout in
                                                                            [12:50 pm] Ed : sounds good khall
                                                                            [12:50 pm] joeytsa : good for you k
                                                                            [12:50 pm] apple : have fun khall
                                                                            [12:51 pm] khall : I will - gotta love those box jumps
                                                                            [12:52 pm] joeytsa : nice..killer
                                                                            [12:52 pm] joeytsa : you have plyo boxes?
                                                                            [12:56 pm] rusty : not sure that kind of talk alowed around here
                                                                            [12:56 pm] apple : lol, we really missed you rusty -- patroling the
                                                                            chat room
                                                                            [12:57 pm] rusty : Mitch> Speak for yourself aapl
                                                                            [12:57 pm] apple : haha
                                                                            [12:58 pm] joeytsa : Thanks Mitch,Ed, everyone..have a great day,
                                                                            see you all tomorrow
                                                                            [12:58 pm] apple : bye joey have fun
                                                                            [12:59 pm] apple : thx MK, E and everyone. all have a wonderful
                                                                            evening.
                                                                            [12:59 pm] rusty : gn all
                                                                            [01:00 pm] apple : see you rusty


SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening
long position or price sold on short position. Bold notes on table above represent changes from previous day.
Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action
or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock
ideas can be changed at a moment’s notice during any trading day without any warning!
IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are general
guidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause a
change in opinion before the next evening report is written.

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

If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going against
you. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined
2 to 1and then miss the big move up we are looking for in oil and gas stocks.
Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higher
amount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The main
reasons why people fail to make money in stocks consistently (according to Mitch King):
    1.   They are too emotional, controlled by greed and fear.
    2.   Not using a high probability technique to buy and sell (or no technique at all!)
    3.   Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to
         learn a good trading technique.
    4.   Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above.

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

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

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

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

                                                                            12
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,
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.




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Everyday Stock Report Tuesday Morning, July 3, 2012

  • 1. Daily Stock Report Tuesday Morning, July 3, 2012 Announcement: The Trading Room is a LIVE real-time forum where you get excellent stock ideas for mostly intraday scalping trades where our goal is to make 1-3% profit per transaction. Go to www.TradeStocksAmerica.com and click on the Trading Room tab for instructions to receive a $1 trial for a week. Not only will you receive excellent stock trading ideas, mostly focused on intraday scalps, you will get commentary about the timing, trading action, and market behavior during the day and how it affects any stock ideas posted in the Trading Room. Plus, you will interact with other traders as well. It is highly recommended to study the trading strategies and chart setup before you use your actual hard earned money and practice in a virtual account for 30-90 days before in order to get a high winning rate while practice. This will dramatically increase your chances of being profitable from the beginning of using your own money. See you in the Trading Room! US stocks didn’t have the follow through as you would expect from a 3% gain on Friday. The ISM index dropped Summary Opinion sharply below expectations to 49.7, the lowest reading in 3 With this holiday week, the trading volume is light so stock prices years. Below 50 is considered a contracting economy. tend to be exaggerated. The bias is to the upside this week and Expectations around the trading floors were building long positions should perform better than shorts. toward the Fed steps in with a stimulus plan and if that expectation grows, it is likely investors will be disappointed. Calendar (All Eastern times) Monday, 1000am, ISM Index, 52.2 (>50 is expansion) It was obvious this morning that many people left for Monday, 1000am, Construction spending, 0.2% vacation based on the lower volume and that is going to Tuesday, 1000am, Factory Orders, 0.4% th Tuesday, 200pm, Auto and Truck Sales, 4.7M & 5.9M dwindle more this week as July 4 is in two days. The Thursday, 700am, MBA Mortgage Index, -7.1% market closes early tomorrow at 1:00pm eastern time and Thursday, 730am, Challenger Job Cuts, 66.7% th no trading on July 4 . Full trading hours resume Thursday Thursday, 815am, ADP Employment Change, 105K and Friday. Thursday, 830am, Continuing Unemployment Claims, 3.283K Thursday, 1000am, ISM Services, 53.0 Thursday, 1100am, Crude Inventories, -0.133M We are riding on the short few days that we get a relief of Friday, 830am, Nonfarm Payrolls, 100K negative European news and next week we may hear some Friday, 830am, Unemployment Rate, 8.2% new twist that rattles the market again. It has to be a long Friday, 830am, Hourly Earnings, 0.2% process of working out the European crisis with Italy and Friday, 830am, Average Workweek, 34.4 Spain are on the ropes now. Follow-up notes: ROST, Ross Stores is selling off the last two days on the publicity of discount stores are over-priced. We are looking to reduce the long positions in selected ORLY, O’Reilly Auto Parts. If you are long this stock after the big haircut stocks as prices rise and expect the existing short positions on their earnings warning, try to get higher prices to sell next 1-2 days. to come back down in price. MNST, Monster Beverage is breaking down. Consider selling on a little rebound. Usually this means the momentum will start to come out of this REPEAT: With this holiday week, the trading volume is light so and direction change to downtrend. stock prices tend to be exaggerated. The bias is to the upside this week and long positions should perform better than shorts. 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 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. 1
  • 2. 19. France being suggested as next European country to have financial problems. 20. Low volume summer trading. Scalp of the day from Trading Room: (all eastern times) LEAP, Leap Wireless had a 5% bounce. Stocks moved well both directions on Friday and should repeat on Monday. 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) MRX, Medicis Pharmaceutical. Consider small long position. BK, The Bank of New York Mellon. Consider small long position. ECL, Ecolab. Consider small long position. GWRE, Guidewire. Consider small short Friday. RNF, Rentech Nitrogen. Monitoring for potential short next 1-3 days. Intermediate Trade Ideas: (weeks to months) PEP, Pepsico. Consider small long position. HIG, Hartford Financial. Consider small long position. ICON, Iconix Brand. Consider small long position. GRMN, Garmin. Consider small long position. PPO, Polypore. Consider small long position. EXR, Extra Space Storage. Consider small long position. NXTM, NxStage Medical. Consider small long position. LEAP, Leap Wireless. Consider small long position. LXK, Lexmark. Consider small long position. TLM, Talisman. Consider small long position. WFM, Whole Foods. Consider small long position. CANCEL IDEAS BELOW: DV, Devry. Consider small short position. CANCEL IDEA. COP, ConocoPhillips. Consider small long position. BK, Bank of New York Mellon. Consider small long position RMD, Resmed Health. Consider small long position.. SFD, Smithfield Foods. Consider small short position. Focus Chart: (Worden Telechart 2007-Download FREE on home page of www.TradeStocksAmerica.com.) Aggressive Investors-Traders (Higher risk, higher reward) SUPN, Supreme Pharmaceuticals. Bullshort. Consider small short, start in small SUPN, Supernus Pharmaceuticals moved from $5.85 to increments. Study Bullshort chapter in Wizard Training course. $15.09 in one day last week and has substantial downside HNR, Harvest Natural Resources. Watching for potential short, for aggressive profits on the short side if you are able to find shares to short. investors. This hit $8.70 on Monday’s low; looking for below $8 but be Don’t get leveraged on any of these aggressive ideas. Study Bullshorts in the Wizard flexible. 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. 2
  • 3. Stock List Type Notes Open Price Close Price CMG, CMG Chipotle Mex LONG-INT Closed all long position at 405, 236% avg. profit 163.49 367.18 MNST, Monster Bev. LONG-SWI +5% on Monday; giving it another 1-2 days Mo 42.69 MO, Altria LONG-INT Up elevator. 31.82 FNGN, FNGN Financial Eng SHORT-SWI Re-entered short Thursday 20.50 CHMT, Chemtra SHORT-SWI Expecting to resume downtrend. 14.82 14.31 VCI, Volassis SHORT-SWI Stopped Friday for 5% loss. 20.50 21.50 SHFL, Shuffle Mast AGGSHORT Missed Wed low to cover; waiting for lower price 14.25 NBL, Nobile Energy LONG-SWI Crude oil moved up $8 /barrel on Friday. 78.75 HUM, Human Health LONG-SWI Often a volatile healthcare stock. 78.81 TARO, Taro Pharm SHORT-SWI Lower low Monday, looking for lows under $35 37.35 CNK, Cinemark SHORT-SWI Stopped Wednesday for 3.6% loss 21.69 22.50 RHT, Redhat SHORT-SWI Covered short Friday with 2.2% loss. 53.41 54.34 BEAV, BE Aerospace SHORT-SWI Covered Tuesday for 5.5% profit. 43.42 41.00 SNI, Scripps Netw LONG-INT highs Approaching new highs 57.31 SHW, Sherwin Will LONG-INT highs Approaching new highs 133.10 ASIA, ASIA AsiaInfo SHORT-SWI Breaking down last two days. 11.94 12.05 WAG, Walgreens LONG-INT Starting to move up. 29.33 HXL, Hexcel HXL SHORT-INT Covered Tuesday for breakeven. . 24.36 24.35 IAG, IAG IamGold SHORT-INT Small short position. 11.89 LAZ, LAZ Lazard SHORT-SWI Covered Tuesday for 3.3% profit. 25.39 24.57 IMAX, IMAX Imax SHORT-SWI Covered Friday for 6.6% loss; consider covering 22.72 24.25 JAZZ, Jazz Pharma SHORT-SWI Looking for another 2-3 down days but reduce? 45.25 NSC, NSC Norfolk South SHORT-SWI Small short position. 69.25 RBC, Regal-Beloit SHORT-SWI Covered Thursday for 3% profit. 61.48 59.77 DY, DY Dycom SHORT-INT Stopped Friday for 8.2% loss 17.18 18.60 QSII, Quality Systems SHORT-INT Stopped Friday for breakeven; watch for short ; 26.54 26.54 COF, COF Capital One SHORT-INT Small short position 51.74 RBS, Royal Bank SHORT-INT Covered Thursday for 15.5% profit. 7.43 6.44 HNR, HNR Havest Natural AGGRESSIVE Small short position. 8.91 SHOO, SHOO Steven Madd SHORT-INT 1- Consider covering short next 1-2 days. 34.97 32.80 TIF, TIF Tiffany SHORT-INT Downtrend firmly in place last 2 months 51.64 LVLT, Level 3 Comm. SHORT-SWI Small short position. 21.65 NFX, NFX Newfield Expl LONG-INT Covered Monday for 12.3% profit. 25.96 29.15 CLB, CLB Core Labs SHORT-INT Small short position. 113.50 FFIV, F5 SHORT-INT Small short position. 96.63 RHT, Redhat SHORT-INT Small short position. 54.15 SUPN, SUPN Supernus Phar BULLSHORT Monday’ Monday’s low was $8.70; watch for cover price. 11.00 TLM, Talisman Enrgy LONG-INT Small long position. 11.54 LXK, LXK Lexmark LONG-INT Gradual uptrend building. 26.47 ICON, Iconix LONG- LONG-INT Small long position. 17.60 PEP, PEP Pepsico. LONG- LONG-INT Small long position. 70.34 3
  • 4. HIG, HIG Hartford Life LONG-INT ONG- Small long position. 17.45 Here are some highlights of comments and stock ideas from the LIVE Trading Room. Try a $1 trial for 1 week using this link: http://www.tradestocksamerica.com/trading-room.php July 2, 2012 July 2, 2012 TSA Moderator Chat TSA User Chat [06:15 am] Ed : good morning all [06:07 am] eyes : How are you doing ED [06:28 am] Mitch K: OPEN is down premarket [06:08 am] Ed : doing fine how bout you [06:32 am] Ed : watching LQDT for bottom to buy [06:08 am] eyes : Ready to start a new day [06:33 am] Mitch K: watching FRAN for top to short [06:09 am] khall : Good morning all [06:34 am] Ed : Still no signal on LQDT [06:13 am] qwert : Good morning everybody [06:34 am] Mitch K: watching UA for bottom to buy [06:14 am] apple : good morning to all keen traders [06:34 am] Mitch K: monitoring BBY for top [06:14 am] joeytsa : Good morning Mitch,Ed, everyone [06:34 am] Mitch K: watching FAST for bottom to buy [06:14 am] apple : gm qwert [06:35 am] Mitch K: watching WWW for bottom to buy [06:14 am] apple : gm joey [06:35 am] Mitch K: watching MCK for top to short [06:14 am] apple : gm khall [06:35 am] Mitch K: watching NAV for bottom to buy [06:14 am] apple : gm eyes [06:36 am] Mitch K: also watching WTW for bottom to buy [06:14 am] apple : gm E [06:37 am] Mitch K: watching MOS for top [06:15 am] eyes : GM Khall qwert aaple [06:37 am] Mitch K: watching WYNN for top to short [06:15 am] lisas : gm all, good to be back! [06:38 am] Mitch K: WYNN toppy [06:15 am] apple : kicking myself - sold CELL last Fri small loss - [06:38 am] Mitch K: watching SXCI for top to short today gained 3 points! [06:38 am] Mitch K: watching APOL for bottom; missed juicy top [06:15 am] apple : gm lisa [06:38 am] Mitch K: watching VHC for top to short [06:15 am] lisas : Hi apple [06:39 am] Mitch K: watching PPO for bottom [06:15 am] joeytsa : 7pst brings the ISM manufacturing [06:39 am] Mitch K: watching VHC closer pmi,construction spending,ISM manufacturing prices [06:39 am] Mitch K: watching CNX for top to short [06:16 am] skydiver : gm everyone [06:39 am] Mitch K: watching POT for short here [06:16 am] joeytsa : CELL was acqured [06:40 am] Mitch K: watching BBY closer [06:16 am] skydiver : gm Mitch and Ed [06:40 am] Mitch K: watching HCA for bottom to buy [06:16 am] joeytsa : seems like quite a few buyouts today [06:40 am] Mitch K: watching FDO for top to short [06:16 am] apple : that explains it... thx joey [06:40 am] Mitch K: watching ROST for top to short [06:16 am] apple : gm sky [06:41 am] Mitch K: BBY toppy [06:16 am] skydiver : gm apple [06:41 am] Mitch K: watching JOY for bottom [06:17 am] joeytsa : IM agreed to acuire them for $9/share [06:41 am] Mitch K: watching MLNX for top to short [06:17 am] khall : AMLN and LNCR also buyouts [06:41 am] Mitch K: watching LQDT closer, not bottom yet [06:18 am] eddy : gd morning all [06:42 am] Mitch K: watching SYK for bottom to buy [06:18 am] joeytsa : DELL acquiring QSFT [06:43 am] Mitch K: watching ESI for bottom to buy [06:19 am] apple : thx joey and khall [06:43 am] Mitch K: watching DV for bottom [06:19 am] apple : gm eddy [06:44 am] Mitch K: watching ESI for bottom to buy [06:19 am] khall : morning eddy, apple, qwert [06:44 am] Mitch K: watching OPEN closer [06:20 am] eddy : hi khall [06:44 am] Mitch K: all three education stocks dumping, latest [06:20 am] khall : welcome back lisa - Happy Monday one is CECO, others posted were APOL, DV, also watch ESI [06:21 am] dadecuir : Good morning, every one!! [06:45 am] Mitch K: watching GRPN for bottom [06:21 am] joeytsa : dadecuir: are you new? [06:46 am] Mitch K: or sell [06:22 am] Ed : welcome dadecuit [06:46 am] Mitch K: consider reducing FAST long [06:22 am] apple : gm dade [06:46 am] Mitch K: watching SHPGY for top to short [06:23 am] Ed : dadecuir [06:46 am] Mitch K: monitoring OSIR drop [06:23 am] khall : welcome to the room dadecuir [06:47 am] Mitch K: watching $27 area for FRAN short to cover [06:23 am] skydiver : welcome aboard dadecuir [06:47 am] Mitch K: watching UNH for bottom to buy [06:23 am] dadecuir : Yes. I'm new. [06:48 am] Mitch K: consider reducing WTW long [06:23 am] qwert : gm dadecuir welcome [06:48 am] Mitch K: but trading will be more volatile too, which [06:24 am] joeytsa : good to have you is a good thing [06:24 am] lisas : Hi dadecuir [06:48 am] Mitch K: watching MAKO for top to short [06:24 am] eddy : welcome dadecuir 4
  • 5. [06:48 am] Mitch K: much fewer ideas today, July 4th holiday [06:24 am] lisas : Hi khall! vacation going to be very light on ideas [06:25 am] joeytsa : lisa lisa :) [06:49 am] Mitch K: watchign POT if goes below open price [06:25 am] lisas : joey joey, liked the video! around 43.68; if goes below, watch out below [06:25 am] khall : lisa :-) [06:49 am] Mitch K: LQDT bounce is very weak [06:25 am] joeytsa : ahhh, thanks :) [06:49 am] Mitch K: APOL tyring to bounce [06:26 am] jolliffboy : welcome ddecuri, where are you located??? [06:50 am] Mitch K: consider reducing SYK long [06:27 am] apple : gm jolli [06:50 am] Mitch K: MLNX toppy [06:27 am] jolliffboy : hey apple. [06:52 am] Mitch K: consider reducing OPEN [06:28 am] apple : gm MK thx [06:53 am] Mitch K: consider selling remaninig WTW long [06:29 am] doji : Good Morning [06:53 am] Mitch K: looking for 92 area to reduce UA long [06:29 am] Ed : Hey dadecuir quite a few ideas get recommended [06:53 am] Mitch K: FRAN short broke below open now under during first 90 minutes, dont feel like u have to take every trade, take $27, should drop more it slow to get the hang of the room [06:53 am] Mitch K: MAKO toppy [06:29 am] lisas : Hi Doji! [06:53 am] Mitch K: watching SINA for bottom to buy [06:29 am] doji : Hi Lisas! [06:54 am] Mitch K: also POT still pointing down [06:30 am] apple : gm doji [06:54 am] Mitch K: getting acceleration on the downside with [06:30 am] doji : Hi Apple MOS, WYNN, CNX, now SXCI and USG [06:32 am] scalpman : LQDT for bottom [06:55 am] Mitch K: LQDT getting going on the bounce [06:32 am] eyes : LYB [06:56 am] Mitch K: consider reducing UA long [06:32 am] doji : LNKD [06:57 am] Mitch K: watching MAKO closer to cover short [06:33 am] doji : FB [06:57 am] Mitch K: consider selling FAST long [06:40 am] doji : Test [06:57 am] Mitch K: consider covering most of FRAN short [06:40 am] Ed : i c ya doji [06:57 am] Mitch K: soon [06:40 am] doji : Thanks [06:57 am] Mitch K: watching VRA for bottom [06:43 am] apple : PCYC moving [06:58 am] Mitch K: watching FB for bottom to bounce, looks [06:44 am] apple : nice drop on OPEN MK like here [06:47 am] joeytsa : AAPL up nice so far [06:59 am] Mitch K: watching GRA for bottom [06:47 am] joeytsa : ES testing some res here [07:00 am] Mitch K: watching LULU for bottom [06:53 am] joeytsa : nice call on OPEN,WTW [07:00 am] Ed : drop in ISM number [06:53 am] aussie123 : nke [07:01 am] Mitch K: looking for under $86 on SHPGY short, be [06:53 am] joeytsa : watching ALXN flexible [06:56 am] eyes : KRO [07:02 am] Mitch K: consider reducing MCK short soon [06:56 am] eyes : Never mind No Vol [07:02 am] Mitch K: consider covering some of MAKO short [06:57 am] scalpman : Out 1/2 MAKO S [07:02 am] Mitch K: if you did consider covering most of FAST [06:58 am] scalpman : Out another 1/4 MAKO S soon [07:00 am] scalpman : All out MAKO S [07:02 am] Mitch K: hope you shorted top of bounce in FAST, [07:00 am] joeytsa : nice dump in the markets on tha # WTW [07:01 am] rusty : ss TLT into strength [07:03 am] Mitch K: VRA bouncy soon, LULU not yet [07:02 am] skydiver : covered 3/4 FIRE S 51.81 - 51.25 [07:03 am] Mitch K: GRPN bouncy [07:03 am] skydiver : all out of FIRE S [07:03 am] Mitch K: LULU and VRA two best charts for potential [07:04 am] apple : nice sky longs [07:04 am] joeytsa : watching CMI for a bottom [07:03 am] Mitch K: consider selling UA long [07:04 am] apple : gm rusty [07:04 am] Mitch K: consider covering SXCI, CNX, WYNN, all [07:04 am] skydiver : thnx apple :) cover here [07:04 am] joeytsa : nice trading sky [07:04 am] Mitch K: consider covering VHC short [07:04 am] skydiver : :) [07:04 am] Mitch K: consider covering MOS [07:06 am] skydiver : been playing FDX - didn't mention it as very [07:06 am] Mitch K: Oil, crude oil spiking hard little profit, but now it dropped nicely [07:06 am] Mitch K: consider covering MLNX here [07:06 am] apple : good one sky [07:07 am] Mitch K: must have been a war scare [07:07 am] skydiver : :) [07:08 am] Mitch K: also watching to cover ROST [07:07 am] joeytsa : sky: i used to use FDX as an indicator [07:08 am] Mitch K: watching FDO closer for cover point on next [07:07 am] skydiver : really joey? didn't know - bottom, [07:08 am] joeytsa : if they were doing good, i took it as people [07:08 am] Mitch K: fewer ideas today but working well for us, doing a lot of buying mostly shorts [07:08 am] skydiver : very logical - gotcha :) [07:09 am] Mitch K: LULU should bottom fairly soon, no signal [07:08 am] joeytsa : when they dropped, it signalled a slowdown yet though [07:09 am] joeytsa : probably still works, havent checked lately for [07:09 am] Mitch K: if you havent sold OPEN try for 42 area, some reason already went above [07:09 am] skydiver : will remember that and check it out joey :) [07:09 am] Mitch K: looking fo runder $86 on SHPGY short to [07:10 am] joeytsa : that was the lowest ISM # in 3yrs cover [07:10 am] skydiver : no wonder the market went south so quick. [07:10 am] Mitch K: LULU buy signal Helped my shorts however [07:10 am] Mitch K: watching BIDU for bottom [07:10 am] joeytsa : ES down abot 10pts from the top [07:11 am] Mitch K: starting to watch CSTR drop [07:11 am] joeytsa : yeah and GS gave an early tell [07:11 am] Mitch K: watching DVA for bottom to buy [07:12 am] rusty : ISM Largest one month decline in orders since [07:12 am] Mitch K: lol, well, except FAST the month right after 9/11 5
  • 6. [07:12 am] Mitch K: consider covering shorts [07:13 am] skydiver : thnx rusty [07:12 am] Mitch K: indexes trying to bounce [07:13 am] joeytsa : construction was up, but overall thing dont look [07:12 am] Mitch K: BIDU bouncy great to me [07:12 am] Mitch K: SINA bouncing [07:14 am] joeytsa : should be a very interesting earnings season [07:12 am] Mitch K: watching RVBD coming p [07:13 am] Mitch K: watching FFIV for bottom [07:14 am] joeytsa : up [07:17 am] Mitch K: same with SYK [07:14 am] eyes : ED you get LQDT what was your entry [07:17 am] Mitch K: LULU should start accelerating up more [07:16 am] jsn13 : LULU bouncing... [07:20 am] Mitch K: SPY turning over too [07:19 am] khall : joey, I have a feeling the numbers won't be as [07:20 am] Mitch K: consider reducing SYK good as expected [07:20 am] Mitch K: SYK toppy [07:19 am] joeytsa : which ones? [07:21 am] Mitch K: its the morning after big party on Friday, [07:19 am] khall : earnings this next quarter markets havent sustained past those big spike days [07:20 am] joeytsa : agreed, or guided much lower [07:22 am] Mitch K: monitoring TRIP for top [07:20 am] joeytsa : they are looking for 101k jobs this week, we'll [07:23 am] Mitch K: FFIV should get over 98, be flexible see [07:23 am] Mitch K: mkt trend up resuming [07:21 am] khall : yes, we will [07:24 am] Mitch K: watch VHC for 2nd helping short [07:22 am] scalpman : OUt 1/2 LULU L [07:24 am] Mitch K: consider selling PPO if long [07:23 am] skydiver : SPY at vwap [07:24 am] Mitch K: GRA bouncing, usually slow mover [07:23 am] skydiver : CRM climbing nicely [07:25 am] Mitch K: ESI dead, doa [07:24 am] apple : joey, i heard 90k earlier [07:25 am] Mitch K: consider selling most of DV long position [07:26 am] scalpman : Out another 1/4 LULU L [07:25 am] Mitch K: watching CNX, WYNN LVS, SXCI MOS for [07:26 am] joeytsa : i see both apple 2nd short, same with POT [07:26 am] joeytsa : thurs # is 101, fri # 92 [07:25 am] Mitch K: USG worth watching for short [07:27 am] scalpman : All out LULU L [07:29 am] Mitch K: good symbols today . . . LIFE can be a [07:27 am] apple : ok thx TRIP if you go LULU with POT and go down FAST [07:28 am] joeytsa : believe they need 100k just to break even [07:47 am] Mitch K: watching GNC [07:28 am] apple : if there is such a thing [07:58 am] Mitch K: watching VAR [07:29 am] joeytsa : what..jobs?? :) [08:34 am] Ed : SPY trading in tight range [07:29 am] Ed : good one [09:25 am] Ed : SPY trading at resistance [07:29 am] qwert : hahaha [09:28 am] Mitch K: watching WPI [07:29 am] skydiver : nice one Mitch :) [09:36 am] Ed : getting bounce in SPY [07:29 am] apple : lol, yes and breakeven - when would that be... [10:14 am] Mitch K: watching CHRW [07:29 am] joeytsa : nice, Mitch is playing boggle again :) [10:33 am] Mitch K: monitoring QIHU [07:29 am] lisas : :) [10:42 am] Mitch K: watching AEP [07:30 am] apple : MK, you are on a rollllllllllllllllllllll [10:53 am] Mitch K: consider reducing [07:32 am] khall : ahhh, talk of closing the straight of Hormuz (sp?) - [10:53 am] Mitch K: AEP toppy thus the oil spike [11:18 am] Ed : getting nice pop in SPY [07:32 am] joeytsa : just listening to that [11:40 am] Mitch K: watching SXCI again [07:32 am] joeytsa : sanction yesterday? [11:42 am] Mitch K: watching ACTG [07:33 am] khall : didn't catch that one... [11:51 am] Mitch K: SXCI getting toppy [07:37 am] scalpman : Ed, BBY closed few cents above open for a [12:10 pm] Ed : getting pullback in SPY LONG...yes? [12:49 pm] Ed : just watching action in SXCI/CHSI not much [07:40 am] rusty : y[10:40] FSCO1: NYSE volume 160M shares, time left about 7% below its three-month average; advancers lead decliners [01:00 pm] Mitch K: good evening everyone by 1.1:1. - NASDAQ volume 485M shares, about 25% above its [01:00 pm] Ed : have a great evening traders three-month average; decliners lead advancers by 1.1:1. [07:41 am] scalpman : Was DUK a stock split or GAP down...? [07:42 am] Ed : yes scalp bby nice one [07:42 am] apple : thx rusty [07:43 am] scalpman : Ed, it fits the pattern nicely. [07:43 am] lisas : Hi Rusty! Glad to see you are back! [07:43 am] Ed : it does [07:43 am] aussie123 : thx rusty [07:45 am] scalpman : LNCR earlier had 300,000+ shares, 41.26- 27...what might be happening there? [07:46 am] Ed : think it is a buyout [07:46 am] khall : yes, it's a buyout [07:46 am] scalpman : ah...thanks [07:47 am] rusty : 3.8B buyout, 41+/share [07:47 am] rusty : has been rumored for a week [07:47 am] scalpman : How come buy-outs are not called "sell-outs" [07:48 am] rusty : scalpman = socrates [07:48 am] skydiver : nice one rusty :0 [07:48 am] skydiver : :) [07:48 am] eyes : Any thoughts on LQDT it looks to be cons [07:49 am] rusty : LQDT supposedly a very negative piece by OWS 6
  • 7. firm [07:50 am] eyes : I would say so it Droped 20% [07:50 am] rusty : they supposedly have a 425 target....havent seen the report myself [07:50 am] rusty : $25 [07:51 am] skydiver : well - my time is up -- see all of you tomorrow - 4 wins one loss today -- thnxs TSA and all the great traders [07:51 am] scalpman : OUt 1/2 GANC S [07:51 am] scalpman : GNC [07:51 am] khall : bye sky [07:51 am] scalpman : out another 1/4 GNC S [07:52 am] Ed : see ya sky [07:52 am] scalpman : bye sky [07:52 am] qwert : watching bby [07:52 am] scalpman : BEE-uty Mitch GNC [07:53 am] jsn13 : Ed, did u take GNC short? [07:54 am] scalpman : Stopped at 40.97 last piece [07:54 am] scalpman : GNC [07:54 am] Ed : yes [07:54 am] apple : good job scalp [07:54 am] jsn13 : may i know the entry time? [07:55 am] scalpman : BBY for shot [07:55 am] Ed : 10:48 with stop above hod [07:55 am] scalpman : short [07:56 am] scalpman : Thanks apple.. [07:56 am] jsn13 : ok after shooting star? not a powerful breakout right? [07:56 am] scalpman : missed BBY will wait for small bounce [07:57 am] rusty : TLT hod [07:57 am] apple : thx rusty [07:57 am] go4it : Have fun/safe 4th traders be back Thursday! [07:57 am] scalpman : All out GNC hit my limit at vWAP.. [07:58 am] khall : have a good one go4it [07:58 am] Ed : see ya bruce [07:58 am] scalpman : Watching BBY for a bounce and lower high... [08:02 am] jsn13 : QCOR [08:03 am] eyes : That is something i have to learn I shorted BBY and it just cons I should have got out [08:04 am] eyes : whats a max amount of time to see if it works any suggestiond [08:05 am] scalpman : BBY ..maybe a lower low... [08:05 am] scalpman : Anybody get BBY S [08:05 am] eyes : LQDT moving [08:06 am] scalpman : LQDT stocks at top...wait for pull back.. [08:06 am] scalpman : stochs [08:07 am] scalpman : BBY holding...may still be in trend LONG [08:10 am] scalpman : LQDT ..not fluid! [08:12 am] eddy : no edge on LQDT it can go in any direction now [08:15 am] eyes : NEM [08:15 am] scalpman : LULU dropping more...looking for a bounce. [08:15 am] rusty : QIHU negative analyst report out [08:16 am] scalpman : Ed, two good trades from 10:11 and 10:47 EST...my later start still working... [08:16 am] Ed : nice going scalp [08:17 am] scalpman : Will watch for one more quality trade...eyes on the stochs.... [08:17 am] apple : smart guy scalp [08:18 am] scalpman : "EYES"...didn't you used to be "EYES-on MacD" [08:18 am] eyes : Yes Scalp [08:18 am] scalpman : Apple, thanks [08:19 am] eyes : NEM Bounceing double bottom [08:19 am] apple : he's been eyes on everything... he's got eyes... [08:19 am] scalpman : I was thinking of changing my screen name to "Scalpman on the Stochs" 7
  • 8. [08:19 am] scalpman : (ha) [08:19 am] apple : lol, scalp is perfect [08:19 am] apple : nice move on VAR [08:21 am] scalpman : LULU's back in town....moving up [08:22 am] scalpman : (actually that's a song title from the 1920s) "Lulu's Back in Town".... [08:22 am] Ed : telling ur age scalp [08:22 am] eyes : It should Be slow Learner [08:23 am] scalpman : Nice move on LULU...I'm gabbin' when I should be paying attention. [08:24 am] scalpman : ok...back to business... [08:25 am] rusty : If anyone is interested in QIHU report, em me at rustytrades@gmail.com [08:25 am] scalpman : FDO sell off..missed it. [08:25 am] rusty : DLTR was dg by two analysts today [08:25 am] rusty : fwiw [08:28 am] eddy : wat is fwiw rusty? [08:28 am] khall : thanks rusty [08:29 am] apple : for waht it's worth, eddy [08:29 am] apple : what [08:29 am] eddy : ok [08:31 am] eddy : LULU climbing well [08:33 am] eddy : test [08:34 am] Ed : i see ya eddy [08:34 am] eddy : k [08:36 am] rusty : PCYC radar based on daily....volume light...somewhat overbought [08:36 am] joeytsa : yeah Ed, since that drop, been in a 4-5 pt range overall [08:37 am] eyes : NEM No good [08:37 am] rusty : anyone fade the AMPE gap today? [08:37 am] rusty : nice candle [08:39 am] scalpman : LULU S @ 57.59 stopp at .75 [08:40 am] scalpman : OUt 1/2 LULU S... [08:41 am] scalpman : stop at b.e. [08:42 am] eddy : nice scalpman [08:42 am] scalpman : Thanks eddy...not a lot of money here but signals looked good. [08:43 am] scalpman : Let's see if it breaks down more... [08:44 am] apple : MDVN moving out of consolidation [08:44 am] scalpman : LULU could test the lod [08:45 am] scalpman : support at .20 [08:47 am] scalpman : OUt another 1/4 @ .20 [08:48 am] rusty : DLTR lod [08:49 am] scalpman : trailing down last stop...LULU S [08:49 am] scalpman : and all out. [08:50 am] scalpman : avg about 25c ...on LULU.. [08:51 am] eddy : LQDT [08:51 am] qwert : BBY trying to hold 23 area [08:51 am] apple : i love the V in VAR [08:56 am] scalpman : Apple what was your entry? [08:57 am] eyes : PHM any thoughts [08:57 am] scalpman : Eyes...stochs are at the bottom. [08:57 am] eyes : Res on Daily [08:58 am] scalpman : ...and flatting [08:58 am] scalpman : .hit 0 on over-sold...don't think I've seen that before! [08:59 am] scalpman : PHM stochs turning up...maybe a bounce here [09:00 am] joeytsa : has res about 4-5cents above though [09:02 am] joeytsa : LQDT trying to hold $39 [09:02 am] rusty : CIGX hod [09:02 am] eyes : ci another one [09:05 am] rusty : STZ hod, entering overbought territory on daily...might be worth watching [09:06 am] eyes : CI Bounceing 8
  • 9. [09:07 am] eyes : Ok I am just looking at junk Break Time [09:07 am] apple : been loking at STZ too rusty [09:12 am] scalpman : Time to go, gentlemen....Great calls today by Mitch...I was 3/3 no mistakes...a good way to start off the month... [09:12 am] Ed : nice going scalp [09:12 am] scalpman : Thanks Ed, and thanks Apple who always has a supportive word! [09:13 am] apple : have a great day scalp and keep up the good work [09:13 am] scalpman : See you all tomorrow... [09:13 am] eddy : bye scalp [09:14 am] scalpman : Bye eddy...PHM moved up....did you go Long? [09:14 am] scalpman : Scalpman has left the building! [09:33 am] apple : nice drop on WPI [09:44 am] eddy : off fot a 15mns legs stretching walk ...will be back [09:44 am] joeytsa : smart plan eddy [09:45 am] joeytsa : NFLX banging on this $68 level quite a bit today [09:45 am] apple : eddy - good idea, i am going to take a break too [09:45 am] totora : hello ed plz open window [09:47 am] apple : hello tortora, how are you [09:49 am] Ed : hey totora [09:50 am] lisas : first +1000 Tick for the day [09:51 am] apple : thx lisa [09:53 am] Ed : hey lisa how u all make out with tornados we had, 3 in 5 days [09:54 am] apple : she was partying [09:54 am] Ed : figures [09:54 am] lisas : wow, we did ok, in fact very well considering it was my niece's wedding and both the wedding and reception were outside. Just a little hot is all [09:54 am] apple : girls like to have fun [09:54 am] joeytsa : glad you are all safe [09:55 am] Ed : thx joey [09:55 am] lisas : There were tornado watches during weddiing, but it all stayed away. Did you get damage at your house Ed? [09:55 am] Ed : closest damage was .5 miles away [09:56 am] apple : wow, tg for both of you [09:56 am] lisas : that's pretty close. We saw trees down around area, never even lost power, unusual for our neighborhood [09:57 am] Ed : each storm hit 1million without power [09:58 am] apple : here, the electric co. ConEd is negotiating a new contract... NJ was hit the other day [09:58 am] khall : ugh - I feel for you guys [09:59 am] joeytsa : sounds like you all need a vegas vacation :) [09:59 am] Ed : sounds good [09:59 am] apple : leave it to joey to suggest some fun [09:59 am] lisas : 3 weeks! [09:59 am] khall : remind us of the temps there? [09:59 am] khall : hotter than hades? LOL [09:59 am] lisas : hot and hotter, isn't that the temp everywhere? [10:00 am] Ed : if u can deal with humidity u can deal with vegas temps [10:00 am] joeytsa : lisa, are you coming here? [10:00 am] eyes : I agree [10:00 am] khall : we are catching a break today - only supposed to hit 98 [10:00 am] joeytsa : it will be 106 here today [10:00 am] eyes : were do you live Khall [10:01 am] lisas : we're having a cold spell, 83 [10:01 am] khall : Tulsa [10:01 am] joeytsa : AMZN testing prev cl [10:02 am] joeytsa : your power went out because Ed tried to hook up 2 more monitors :) [10:02 am] Ed : good one 9
  • 10. [10:02 am] apple : lol joey [10:02 am] lisas : joey, no, we're headed to the outerbanks [10:03 am] joeytsa : ahh, thought you were coming here [10:04 am] lisas : No, kids wouldn't come. We've been going to the beach with extended family for 25 years. Up to 44 people now (in one house, yikes!) [10:04 am] khall : ha ha - sure you don't want to sneak off to Vegas? [10:04 am] lisas : We've tried going other places, but only the beach will do. [10:04 am] joeytsa : that doesnt sound like a vacation to me [10:05 am] joeytsa : im trying to get away from family [10:05 am] lisas : It doesn't does it, but it works for us, wouldn't miss it. [10:05 am] khall : it sounds like that kind of chaotic fun - sort of like me cooking Tgiving dinner for 25 ppl [10:06 am] Ed : how long 1 week, or 2 weeks [10:06 am] lisas : 1 week [10:06 am] apple : sounds great lisa [10:06 am] apple : 1 day, E [10:06 am] apple : lol [10:07 am] joeytsa : just watching VMW [10:08 am] joeytsa : same with UNH [10:08 am] eyes : UNH [10:08 am] joeytsa : also watching the triple top on WPI [10:09 am] apple : waiting for the drop... [10:09 am] khall : joey - 4:1 companies saying they aren't going to do as well as they thought they would [10:10 am] joeytsa : for a long, either a breakout here or a higher low on a pullback [10:10 am] joeytsa : yeah, thats what i posted last week [10:10 am] khall : must have missed that one.. [10:10 am] joeytsa : yeah posted it twice, it was actually 3.6:1 that i posted [10:11 am] eyes : CNC [10:12 am] sakii : Watching VHC [10:14 am] sakii : chrw [10:14 am] sakii : chrw [10:14 am] sakii : oops wrong keyboard [10:20 am] rusty : BBY defending themselves [10:21 am] rusty : denying takeover rumor [10:24 am] apple : thx rusty [10:24 am] joeytsa : with that daily chart, they should want to be taken over :) [10:25 am] eyes : did anyone get CNC [10:25 am] joeytsa : i didnt [10:25 am] joeytsa : nice one though, hit res and fell 20cents [10:25 am] eyes : I am S CHRW .94 ant suggestions [10:26 am] joeytsa : yeah, dont lose your profits :) [10:26 am] eyes : what profits [10:28 am] joeytsa : sorry i was looking at CNC [10:28 am] joeytsa : CHRW looks to have support @ $59, it was res [10:30 am] Ed : did u have stop over hod, eyes, that case u would be out [10:30 am] eyes : stoped out 59.17 [10:32 am] eyes : I had it .05 above [10:33 am] eyes : qihu [10:35 am] rusty : TLT comng to papa [10:37 am] eyes : Ed was .o5 to much in your opnion [10:38 am] Ed : overall it was fine [10:51 am] rusty : F worth watching based on daily chart [10:53 am] apple : thx rusty [10:55 am] lisas : Taking off, bye all! [10:56 am] Ed : c ya lisa [10:57 am] apple : bye lisa, have fun, talk to you later [11:00 am] rusty : 10
  • 11. http://www.thestreet.com/story/11604273/1/ampio-insiders-aided-by- pr-blitz-soon-free-to-sell-millions-of-shares.html AMPE [11:02 am] mh : FB [11:08 am] qwert : bye everybody see ya in the am from kona, gotta pack up [11:09 am] eyes : Have Fun QWERT [11:09 am] Ed : c ya qwert save travels [11:09 am] qwert : thx cya tomorrow [11:09 am] khall : have a great time qwert [11:20 am] eyes : tol HOD [11:26 am] rusty : http://www.crainsnewyork.com/article/20120702/MEDIA_ENTERTAI NMENT/120709989 [11:26 am] rusty : CNN anchor Anderson Cooper reveals he's gay [11:29 am] Ed : no surprise [11:30 am] joeytsa : he revealed that a while back [11:30 am] joeytsa : maybe he really means it this time? [11:30 am] Ed : their ratings are down also [11:31 am] joeytsa : yeah [11:31 am] rusty : U.S.-Backed Abound Solar Files for Chapter Seven Bankruptcy [11:32 am] joeytsa : CHRW just under $61 now..nice move [11:37 am] rusty : HZNP another on worth watching based on daily chart [11:46 am] rusty : any CBRL patrons here? [11:46 am] rusty : CBRL aficionados? [11:50 am] joeytsa : not anymore..saw a buy on it today [11:51 am] joeytsa : rusty: think it was sam collins who said it could go to$72..cant remember exactly [11:56 am] rusty : havent looked at in awhile...kinda surprised to see it up here [11:57 am] eyes : See U all tommorow [11:58 am] Ed : c ya eyes [11:58 am] rusty : bye eyes [11:58 am] khall : later eyes [11:58 am] eddy : bye eyes [11:58 am] joeytsa : yeah, think he said on a beak over $62, could get it to teh $70-74 area [12:01 pm] apple : bye eyes have fun [12:05 pm] joeytsa : AMZN testing prev cl again [12:18 pm] rusty : CHK adar [12:18 pm] rusty : CHK radar [12:19 pm] rusty : DOJ probe [12:20 pm] apple : thx rusty [12:21 pm] eddy : wat is DOJ? [12:22 pm] joeytsa : dept. of justice [12:23 pm] eddy : thx [12:24 pm] joeytsa : nice pullback on CHRW after failing at $61 [12:27 pm] eddy : halted? [12:27 pm] eddy : chk? [12:28 pm] eddy : no it is not [12:28 pm] rusty : ROK radar [12:30 pm] eddy : see you all [12:30 pm] eddy : done for tonite [12:30 pm] Ed : c ya eddy [12:30 pm] joeytsa : bye eddy [12:31 pm] joeytsa : thank for liking the video :) [12:31 pm] eddy : it was good joey [12:31 pm] eddy : bye [12:31 pm] joeytsa : thanks [12:31 pm] apple : when did you post it joey [12:31 pm] apple : bye eddy have fun [12:31 pm] joeytsa : i think saturday [12:34 pm] khall : so is that what you do in between trades? ;-) [12:37 pm] joeytsa : :) [12:40 pm] joeytsa : nice move on LNKD off that multi-bottom 11
  • 12. [12:43 pm] joeytsa : SPY vol a bit low [12:49 pm] apple : nice drops [12:49 pm] khall : I think I'm finished for the day - going to go get a weight workout in [12:50 pm] Ed : sounds good khall [12:50 pm] joeytsa : good for you k [12:50 pm] apple : have fun khall [12:51 pm] khall : I will - gotta love those box jumps [12:52 pm] joeytsa : nice..killer [12:52 pm] joeytsa : you have plyo boxes? [12:56 pm] rusty : not sure that kind of talk alowed around here [12:56 pm] apple : lol, we really missed you rusty -- patroling the chat room [12:57 pm] rusty : Mitch> Speak for yourself aapl [12:57 pm] apple : haha [12:58 pm] joeytsa : Thanks Mitch,Ed, everyone..have a great day, see you all tomorrow [12:58 pm] apple : bye joey have fun [12:59 pm] apple : thx MK, E and everyone. all have a wonderful evening. [12:59 pm] rusty : gn all [01:00 pm] apple : see you rusty SWI (SWING): 2-7 days INT: Intermediate term position 8 days to several months. Open Price: price paid on opening long position or price sold on short position. Bold notes on table above represent changes from previous day. Current positions are highlighted in yellow. Green colored lines are next probable positions to consider. Red, take action or watch closely, no color usually were stocks just finished trading or are watching. Realize that opinions about stock ideas can be changed at a moment’s notice during any trading day without any warning! IMPORTANT: The notes in this stock list is how I have been writing notes to myself about stocks for 17 years. They are general guidelines as to how I am approaching a particular stock and conditions may change during the next trading day that ay cause a change in opinion before the next evening report is written. Remember not to get too heavy in one sector and gradually move in because it is unrealistic to think we get the exact bottom. We want to gradually move into this sector and eventually build full size long positions in them that may be swing trades lasting for days or intermediate trades lasting weeks. If you spend too much money too quickly, you will run out of ammunition, then get emotionally stressed when stocks are going against you. If you get too leveraged you may be forced to sell at a loss because you are racking up losses at twice as fast if you are margined 2 to 1and then miss the big move up we are looking for in oil and gas stocks. Advice: Don’t get leveraged in any one position long or short. Spread your money out between a variety of stocks and the higher amount of money you are working with, the smaller percentage of money you can afford to trade in one stock position. The main reasons why people fail to make money in stocks consistently (according to Mitch King): 1. They are too emotional, controlled by greed and fear. 2. Not using a high probability technique to buy and sell (or no technique at all!) 3. Position size is too big in one stock relative to total account value (which is related to #1 above).Not patient or willing to spend enough time to learn a good trading technique. 4. Expectations are unrealistic to make large amounts of money in a short time period and at the same time violating #1, 2, 3 or 4 above. Thoughts: Best odds only, be decisive, aggressive, mentally flexible, stay in position size, don’t overtrade and wait a little longer to buy and wait a little longer to sell. You will find that will make you more money on your trades. Trade what you see, not what you hope for. Intermediate and swing trades are really important to have trailing stop losses set. Don’t trade unless the setup is there for you, then use the charts to tell you when the odds are heavily in your favor. Don’t force anything to work for you, let the setups develop and then take advantage of that. Be patient. Stay in position sizes without letting any intraday trade represent no more than 10-15% of your total account value. As you build your account, your position size percentage should get smaller and smaller to lower your risk. Stop losses: Many people ask about stop losses on intraday trading and my response is that the stops should be wider because they are stops “just in case” a disaster news event hits the stock. When you follow the technical indicators as I show you on the intraday scalping tutorials, rarely will a stop loss be hit. The indicators can be used with uncanny accuracy as a forecasting tool so don’t set your stop losses on the intraday scalping too tight. Anyone setting tight stops while scalping will consistently lose money on scalping because stocks move around a lot even though they follow the technical indicators. Stop losses on swing and intermediate term trades can be sent anywhere from 5-7-10% and trailing stop losses are best. 12
  • 13. 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, 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. 13