Trading the markets with Jerry Olson

[jerryo]

CNET EARNINGS RUN

Exactly what i was talking about...i am long CNET from 4/404...newsletter

CNET---11.30 THE BTL---10.35 THE SST---I AM LONG THIS STOCK AT 10.83 AND WILL HOLD ALL THE WAY OUT TILL EPS DATE OF WEDS THE 13TH LOVE THIS CHART..

[jerryo]

IPIX UN REAL

IPIX IS GOING NUTS FOLKS..THE WHOLE GROUP IS TRADING IT!!!!

[smokey]

Emulex

The violin player is warming up for emulex.

[jerryo]

smokey think i'll live?

hahahahahahahahahaa

check the logs for today when they get posted...

[jerryo]

i'll certainly need some tax loss write offs for sure<GGGGGGGGGGGG>

what a year so far....folks this is fun...real fun...

[jerryo]

MACE TRADE LIVE IN TEXT IN THE ROOM JUST NOW

WE JUST TRADED mace FROM 6.95 TO 8.50 WITH A STOP..

PLASE CHECK THE LOGS..THIS IS INSANE...

[jerryo]

everyone

have a COSMO on me<G> what a day...

2 parts Grey Goose Vodka Orange

1 part Triple Sec

1 part Cranberry juice 100%

shake in ice mixer and pour into a frozen martini glass

squeeze 1/2 lime with pulp into that glass then just add 2 drops of Grand Marnier to the mix..

let me know your opinions..

have a great evening all

jerry

[jerryo]

RETAIL SALES NUMBERS

Morning all

Retail sales numbers much higher than expected so the futures are rallying here

if we take out 1512 NQ M4 this should lead us up very fast on the tech side of the market

what with INTC reporting tonight if that report is good, then you should be positoned in the semis using the SMH or any equipment maker...NVLS reported good last evening as well...

good luck to day all

jerry

[jerryo]

INTERESTING MORNING

What with INTC this evening, the Pres speaking to the nation in a press conference..that gap and crap got some of us whacked a bit..

i had several sweet longs early..rentered and got battered a bit here..underwater form yesterday in sndk snto doing ok in amd, bought ntes and unerwater there too...

we'll see what the afternoon brings..but we are very clsoe to a 38.2% retrace back down on the S&P futures at 1128 the 20 ema daily candle chart....1135ish is about the .25% retrace off the recent lows at March 24th 1088 to the top at 1150...

so let's see if we can touch that 20 ema and then?????

oh and btw is anyone alive out there on this site?<vbg>

[soylent]

Hey Jerry --

I'm alive...

This gapping all over the place is really tiring...

Seems if you don't take the counter-trend trade in the morning, it's hard to make any money lately!

-c

[jerryo]

hey Soylent

well we are in a trend day down here on the spooos...excelolent shorts all day off any backside bounces up and into the decending 20 ema 5 minute chart..

however....i think we "could" stablize here...

you have to be quick or you're dead...

[soylent]

Hey jerry --

Yeah, wasn't following s&p today. Looking @ ym, er2, qqq.

What I mean by the gap:
- We gapped, sold off for 45 minutes w/o a pullback so you'd have to 'close your eyes and just short it' to get in.
- Then we sat for 4 hours w/o dropping a cent (on QQQ)
- Finally, we finished the sell off.

After the first hour, we only dropped 8 cents on QQQ in the next 4.

I caught some really nice quick-hit short trades in the late afternoon and caught that rally @ the end of day (3:15).

That made up for it -- but, it was rather numbing until then.

Had I known 'short the market @ open', well, then, everything'd be peachy! I wish I could get all bias out of my head but it's hard! Kept expecting a rally today.

-c

[smokey]

Alive and well

Lol Actually I had a very good day with shorts as it was evident early that any bounce wasn't going to stick. Dow is in more trouble than is the compq here, much weaker.

[jerryo]

Originally posted by soylent
Hey jerry --

Yeah, wasn't following s&p today. Looking @ ym, er2, qqq.

What I mean by the gap:
- We gapped, sold off for 45 minutes w/o a pullback so you'd have to 'close your eyes and just short it' to get in.
- Then we sat for 4 hours w/o dropping a cent (on QQQ)
- Finally, we finished the sell off.

After the first hour, we only dropped 8 cents on QQQ in the next 4.

I caught some really nice quick-hit short trades in the late afternoon and caught that rally @ the end of day (3:15).

That made up for it -- but, it was rather numbing until then.

Had I known 'short the market @ open', well, then, everything'd be peachy! I wish I could get all bias out of my head but it's hard! Kept expecting a rally today.

-c

==============================================

Hey Soylent

i would not trade the QQQ's way too slow..try the SMH and if you can learn to trade this ETF youi'll make boo koo bucks...

i think we made a solid low yesterday we could tocuh 1120 tho we'll see...

good luck today

[jerryo]

Re: Alive and well

Originally posted by smokey
Lol Actually I had a very good day with shorts as it was evident early that any bounce wasn't going to stick. Dow is in more trouble than is the compq here, much weaker.

Hello Smokey

yesterday was a typical trend day down, short all rally type day...Mostly related to op ex week...seems you had a nice day

good for you keep up the good work...

we double topped at 10,550 DJIA yesterday and sold off so sellers apreaed there. obviously 10,600 is the breakout number now...a break of 10,350 would take us down to maybe a retest of 10100...we'll see...