Thursday, February 11, 2010

Feb 11 2010

Almost perfect day, with 4 or 5 trades working beautifully early on, namely HIG short, WFC short, RIMM short and CY long, a few discretionary ones on SLW, TM, UAUA, CAT and monster SWM. Just one 10 cents stop on VXX later in the day.

Session Time: Thu Feb 11 00:00:00 2010

[07:54] {Threei} 7:18:11 AM
[07:54] {Threei} (GR) EU's Van Rompuy: Greece must take additional measures, coordinated action is needed to ensure stability of Euro Zone
[07:54] {Threei} - Reiterates that Greece has not asked for financial support.
[07:54] {Threei} - Seeking "rigorous" implementation of reforms, Greece will rely on IMF and ECB expertise in dealing with issues.
[07:54] {Threei} - Commission first assessment to be made in March; to propose new measures in March.
[07:54] {Threei} ***Note: No new concrete details have been heard in latest comments.
[07:55] {Threei} JASO
[07:55] {Threei} JA Solar Holdings Reports Q4 $0.14 v $0.11e, R $238.4M v $214Me
[07:55] {Threei} - Guides FY10 shipments to exceed 900MW v 750MW-800MW prior.
[07:55] {Threei} - Guides Q1 Shipments 215MW-225MW.
[07:55] {Threei} - CEO: "We continue to see strong demand from our existing customers as well as from new customers, and expect strong shipments for full year 2010 based on robust orders from a diversified customer base across multiple geographies."
[08:07] {nemo} amsc
[08:12] {Threei} (US) Preview: Initial Jobless Claims due at 08:30ET
[08:12] {Threei} - Expectations for initial claims are 465Ke v prior week at 480K (range seen from 440K to 485K)
[08:12] {Threei} - Continuing claims seen at 4.600Me v prior week at 4.602M (range seen from 4.550M to 4.610M)
[08:14] {Threei} JASO Exec: Continues to see strong demand for its products; expects US to be a strong market in 2010- conf call
[08:14] {Threei} - Expects demand growth from new markets like Japan and China
[08:17] {Threei} chart wise, JASO is gapping over important resistance at 5
[08:17] {Threei} I am not very ehtusiastic about it so far though
[08:29] {Threei} job numbers are coming in the theater near you any second
[08:30] {Threei} *(US) INITIAL JPBLESS CLAIMS: 440K V 465KE
[08:30] {Threei} CONTINUING CLAIM: 4.538M V 4.600ME
[08:41] {Threei} Canada is one happy place, I am telling you... latest debate on TV is whether Arlnod should be allowed to bear an Olympic torch tomorrow
[08:47] {Threei} Iranian President Tells People "Iran Is Now a Nuclear State"
[08:49] {Threei} anyone fweels like applauding?
[08:50] {strider} (sound of one hand clapping)
[08:52] {Threei} (GR) EU leaders discussing a lending facility for Greece; not yet appropriate for an EMU bond as assistance - unconfirmed report
[09:02] {Threei} EUR/USD Euro currency maintains soft tone in session as dealers note EU Summit has provided concept and not a specific plan
[09:02] {nemo} what's with market
[09:03] {Threei} I don't see any news
[09:04] {Threei} I don't feel much enthusiasm
[09:04] {Threei} bias remains slightly negative, IMO
[09:06] {fernp} Good morning everybody
[09:06] {Threei} fern :)
[09:18] {Threei} did snow cut off whole east coast? quite a few people are not here
[09:18] {fernp} sunny here :-)
[09:19] {Threei} here too but let's not tell them
[09:19] {nemo} fern...
[09:19] {nemo} south of Mass got whacked pretty good
[09:19] {Threei} record snowfall makes some people cranky
[09:20] {strider} AARGH!
[09:21] {nemo} dude
[09:21] {ese} dude
[09:21] {ese} morning all
[09:21] {Threei} ese :)
[09:22] {strider} morning, everyone.
[09:22] {nemo} dunedin
[09:23] {strider} fishface.
[09:23] {ese} st
[09:23] {strider} ese
[09:23] {nemo} this place brings out a certain lack of maturity
[09:25] {larisa} gm everybody :)
[09:25] {Threei} larisa :)
[09:25] {strider} good morning, larisa:)
[09:25] {nemo} lari :)
[09:25] {larisa} vad, strider, nemo :)
[09:26] {billyc} gm all
[09:26] {Threei} billy :)
[09:26] {Threei} (GR) EU Diplomat: Must check with EU treaty to decide which instruments to implement on Greece
[09:26] {Threei} - Market expectations of Greece do not reflect fundamantals; Hopes that review of Greek savings program next month will convince markets
[09:26] {nemo} nice C&H on fas, just broke
[09:28] {lasertrev} morning
06[09:28] * nemo slaps lasertrev around a bit with a large trout
[09:29] {Threei} trev :)
[09:29] {Threei} I am generally on a hunt for shorts guys
[09:29] {nemo} I'm short
[09:29] {strider} boxers or briefs?
[09:29] {Threei} sigh
[09:30] {Threei} asylum is iopen for business
[09:30] {nemo} wow...wish I'd said that
[09:30] {Threei} and the most worisome thing is, I feel right at home...
[09:30] {nemo} strider does well typing with his elbows
[09:31] {strider} fingers all worn out from dragging on the ground.
[09:31] {nemo} no, from having hands behind back in the straight jacket
[09:32] {Threei} Short Setup: HIG .90 break half lot
[09:32] {fernp} stop?
[09:33] {Threei} for scalpers, above 23,
[09:33] {Threei} for day traders above 23.10
[09:33] {Threei} my preference is 23.10, that's why half lot
[09:33] {Threei} morning volatility...
[09:35] {Threei} 1:1 for scalpers
[09:35] {Threei} 1:1 for daytdares
[09:35] {Les} wait, rewind the tape!
[09:35] {Les} GM
[09:36] {Threei} if partialling, stop to above b/e
06[09:36] * Threei slaps Les around a bit with a large cup of coffee... and large coffeemaker while at it
[09:36] {Les} hehe pc problems
[09:36] {strider} HIG bounce?
[09:36] {Threei} not yet
[09:37] {Threei} almost reached 1:2
[09:37] {Threei} 2 cents shy
[09:37] {Threei} market bounce helping it but doesn't feel like for too long
[09:37] {Les} .65 is pivot point for hig
[09:38] {Threei} stop to above .80, let's be stingy
[09:39] {Threei} dino and magoo can't make it to the office I guess
[09:39] {nemo} magoo is plowing
[09:39] {Threei} and dino is supervisingZ?
[09:39] {nemo} slacker
[09:39] {fernp} JASO in this pullback, Vad?
[09:40] {Threei} I doubt it
[09:40] {fernp} ok
[09:40] {Threei} looks dead in the water to me
[09:41] {strider} JAZZ
[09:41] {Les} hig on the .65 b/d? 20 cent stop...
[09:41] {Threei} JAZZ Hearing strength being attributed to takeover chatter
[09:41] {Threei} - Rumor states that TEVA proposed as interested party
[09:41] {Threei} not clear yet Les
[09:41] {Threei} let it establish something more solid
[09:42] {Threei} here is something fresher
[09:42] {Threei} WFC
[09:43] {nemo} break of .16?
[09:43] {Threei} no, short
[09:43] {fernp} BAC weak
[09:44] {Les} fas looks good
[09:44] {Threei} Short Setup: WFC .09 break
[09:45] {Threei} stop for scalpers above .16, for day traders above .20
[09:45] {Threei} not much difference though
[09:46] {Les} market looking more decisive today
[09:46] {nemo} aig may go momo
[09:46] {Threei} see how HIG is not following?
[09:47] {Les} y
[09:47] {Threei} WFC 1:1
[09:47] {Les} ty
[09:47] {Threei} another 1:1
[09:48] {nemo} aig momo
[09:49] {strider} trail WFC?
[09:49] {Threei} to above .10, absolutely
[09:52] {Threei} AIG nice call nemo
[09:52] {nemo} wild one
[09:58] {nemo} fas was just a beauty
[09:58] {nemo} there was a monster offer at 63.99
[09:58] {strider} short WFC .13
[09:58] {nemo} it got pulled and fas jumped .25
[09:58] {nemo} nothing in between
[09:58] {nemo} aig pullback
[09:59] {nemo} maybe bounce at .85-90 area
[10:00] {strider} cover .05 +.08
[10:02] {fernp} WMT on lows. any read, Vad?
[10:03] {nemo} turtle stock
[10:04] {Threei} yeah, I am not jazzed
[10:04] {fernp} ty
[10:04] {strider} AET
[10:05] {strider} late
[10:05] {fernp} ANN
[10:06] {Les} inverse h&s developing in mining stocks. SLW for ex?
[10:07] {Les} .55 break of slw vad?
[10:07] {Threei} probably
[10:08] {Threei} stop would have to be under .40
[10:08] {Les} ok
[10:08] {Threei} AUY may be better candidate in that sector
[10:08] {ese} L seed .02
[10:10] {strider} TM dbll bot
[10:11] {Threei} SLW 1:1 almost
[10:13] {ese} TM interesting is blaming the american manufacturers for not making the parts right and the manufactuers are blaming toyota for not giving them the right specs......
[10:14] {Threei} I haven't heard Toyota blaming anyone
[10:14] {Threei} it was all about design as far I as read, and it's their design
[10:14] {ese} was listening to that on CBC yesterday
[10:14] {Threei} that was someone's interpretation, I am sure
[10:15] {ese} had something to do with specs about brakes and something else
[10:15] {nemo} might want to watch aig for a bull flag
[10:15] {Threei} no single item on any wire ever suggested someone's fault
[10:15] {nemo} no sooner said...
[10:18] {strider} short HOG .57 stop .75
[10:19] {Threei} AIG, seems to be aiming for 29
[10:20] {fernp} UAUA .75 break, Vad?
[10:20] {Threei} I think so
[10:20] {ese} almost got stopped seed .82
[10:20] {ese} .80 sorry
[10:23] {nemo} rimm bull flag?
[10:23] {nemo} look at the pattern today
[10:24] {Threei} I'll have to say no
[10:25] {Threei} I don't believe in uptrend today so far
[10:25] {Threei} either stand-off or down
[10:25] {fernp} X around 46.00
[10:26] {Threei} things like AIG or UAUA that march under their own drum, fine... but flgship like RIMM, I'd have to change my general view
[10:26] {Threei} which is admittedly easy changed
[10:26] {nemo} yeah...well you believe in santa clause
[10:27] {Threei} ummm
[10:27] {Threei} so?
[10:28] {strider} The question is: does santa claus believe in you?
[10:28] {ese} just need seed to do one of it's nothing can stop me now runs
[10:30] {Threei} Market Internals update at 10:30amET
[10:30] {Threei} - NYSE volume 195M shares, about 22% below its three-month average; decliners lead advancers by 1.2:1.
[10:30] {Threei} - NASDAQ volume 410M shares, about 19% below its three-month average; decliners lead advancers by 1.4:1.
[10:30] {Threei} - VIX index +1.00% to just over 25.50
[10:32] {strider} cover HOG .42 +.15
[10:34] {Threei} RIMM drops... never found an entry
[10:34] {strider} ihr
[10:34] {Threei} .60 break was the only one remotely looking like setup
[10:34] {Threei} bit not very prononced
[10:36] {Threei} I think I need to stop making winning calls
[10:36] {Threei} each of them costs me a trialer... two of them connect in the morning,
[10:36] {Threei} first quits after first call is closed for profit,
[10:36] {Threei} secind does the same after second call
[10:36] {Threei} lol
[10:36] {Les} :)
[10:38] {strider} Good idea, vad. Just do all your winning calls when there are no trialers here.
[10:39] {strider} TM reaching support.
[10:39] {Threei} RIMM bounce nto resistance
[10:39] {nemo} Maharishi Mahesh?
[10:39] {strider} hey, yogi, is that you?
[10:39] {Threei} Short Setup: RIMM .55 if stays under .65
[10:39] {nemo} Hey boo boo
[10:43] {Les} uaua has crossed the rubicon and is pulling back. break of .87?
[10:43] {nemo} Hail Caesar
[10:43] {Les} hail
[10:43] {nemo} Hale?
[10:44] {Threei} .87? it was .75 long
[10:44] {Les} wasn't watching at .75
[10:48] {gregns} .
[10:49] {strider} howdy greg
[10:49] {Threei} 1:1
[10:49] {gregns} howdy
[10:49] {Threei} not scalping it
[10:50] {strider} what are you trading, vad?
[10:50] {Threei} umm
[10:50] {larisa} RIMM strider
[10:50] {Threei} stock market
[10:50] {Threei} [10:39] {Threei} Short Setup: RIMM .55 if stays under .65
[10:50] {Threei} sometimes I trade socks for vodka
[10:50] {Threei} but today I focus on stocks
[10:51] {strider} invalidated at .68, no?
[10:51] {Threei} didn't even see that... must have been out of bounds print
[10:52] {Threei} level 2 never went above .65
[10:52] {Threei} 1:2
[10:52] {Les} ok. I saw it invalidated too, so ignored it
[10:53] {Les} out slw for +.08
[10:53] {Les} wasn't solid setup so didn't share
[10:54] {ese} well ok ....i'm wrong.....thought that the market would go positive and carry seed with it....the break out above .00 didn't happen...fiar enough..... i'm out .97 -.05
[10:54] {ese} time to look esle where
[10:55] {strider} CAT
[10:56] {strider} long .81 CAT stop .68
[10:57] {ese} vad got a take on the mrkt today other than it's dn slightly......does a run into positve territory look possible
[10:58] {Threei} I don't see it
[10:58] {Threei} we are not that far from gfreen to make it totally impossible of course
[10:58] {ese} tks.......won't be my type of day then......may go into work early
[10:58] {Threei} just 17 points DOW
[10:58] {Threei} I just see this day as flat to negastive
[10:59] {ese} am thinkin the same
[11:02] {ese} ya right!!!! seed.......i think i recall hating this stock in another life
[11:02] {nemo} ?
[11:04] {Threei} (US) Senators Dodd and Corker have agreed shelve Consumer Protection Agengy legislation - CNBC (related MA V DFS )
[11:04] {nemo} fas not moving on that
[11:06] {Threei} not that ZI was very hot about that piece of legislation but what the deuce
[11:06] {Threei} they just abandion all attempts to change anything?
[11:08] {fernp} CY, what's your opinon Vad?
[11:08] {Threei} 11 is too good on daily to dismiss this break
[11:08] {strider} stop CAT -.06
[11:09] {Threei} hopefully market cooperates a bit to give it necessary push
[11:09] {fernp} yes, daily is very nice
[11:11] {Threei} US) New Jersey Governor Christie: Declares "fiscal emergency," move allows him to reserve or freeze spending
[11:11] {Threei} - Plans to close $2.2B budget gap by withholding $475M in school aid
[11:12] {nemo} hitting bids on cy
[11:12] {Threei} ?
[11:12] {nemo} there was a ton of red at 11
[11:12] {nemo} not hitting offers
[11:12] {Threei} (EU) EU's Barroso: Leaders at summit talked exclusively about Greece, did not discuss other countries (related EUR/USD BUNDS )
[11:13] {nemo} rinsed on cat strider
[11:15] {strider} yeah
[11:17] {Threei} green
[11:17] {strider} anybody gtaking CY?
[11:19] {nemo} i'm in
[11:20] {strider} stop .94?
[11:20] {nemo} that's what I'm looking at
[11:20] {Threei} well
[11:20] {Threei} depends on what you want fropm it
[11:20] {strider} I was thinking of profit.
[11:21] {nemo} .92 for day trade?
[11:21] {Threei} .90, to make it more sinsible... and .80 if swing trade according to daily chart
[11:21] {ese} L stec .91
[11:22] {ese} broker slow....wasn't sure i got filled
[11:22] {ese} out stec .995 + whatever
[11:24] {nemo} 68 was important level for rimm could run
[11:25] {Threei} never switched to lkong side on it, even though .65 break was powerful long signal
[11:25] {Threei} bias is harmful, eh
[11:25] {strider} out AINV overnight, +.17
[11:28] {dino} gm all
[11:28] {Threei} dino!
[11:28] {strider} really!
[11:28] {Threei} snow?
[11:28] {Les} you made it
[11:29] {dino} about 10"of snow, not too bad. real esate issues
[11:29] {dino} estate
[11:29] {strider} offering CY at .09
[11:29] {strider} oout
[11:29] {nemo} letting half go at .10
[11:29] {dino} how are you doing today?
[11:29] {Threei} fantastic
[11:30] {Threei} 3 for 3 on "official" calls, discretionary one on CY works like charm
[11:30] {nemo} 1:1
[11:30] {dino} wtg
[11:31] {Les} nice one fern
[11:31] {nemo} .11 is r2 for cy
[11:31] {nemo} that means .26 is r3 that's a long way
[11:31] {Les} yeh I'm still in
[11:32] {dino} wow swm
[11:33] {dino} beats and drops hard
[11:35] {Threei} when you have 3 min to waste,
[11:35] {Threei}
[11:36] {dino} and raises, strange swm
[11:37] {Les} wow, respect from John Lee.
[11:37] {Les} I don't find him to be generous to endorse
[11:37] {Les} so I'm impressed
[11:37] {Threei} Guides FY10 at least $4.60(ex charges) v $4.82e
[11:37] {Threei} SWM
[11:38] {nemo} oy...that's moving in $s
[11:38] {Threei} Les... if that characteristic is true, why wouldn't he like me {GGG}
[11:38] {nemo}
[11:39] {dino} swm v sm l .00
[11:39] {nemo} what's your stop?
[11:39] {dino} buck
[11:39] {dino} 200 sh
[11:40] {dino} damn had .75
[11:40] {nemo} they just raised there prices like 13%
[11:42] {nemo} goes at least to 51
[11:42] {strider} hmmm...SWM sells reconsituted tobacco products.....
[11:42] {strider} reconstituted
[11:43] {strider} what can you get for a pound of cigarette butts?
[11:43] {Les} Berkshire Hathaway?
[11:43] {dino} strange
[11:44] {Les} trading strategy of buffet's in his early career. find companies that are like cigar butts, good for one or two puffs
[11:44] {nemo} so much for market down
[11:45] {Threei} things change
[11:45] {Threei} we are 4 for 4, got a problem with it?
[11:45] {dino} stopped, greed got me
[11:45] {nemo} no, market just decided to skyrocket
[11:46] {dino} amsc sm l .50 trig
[11:46] {Threei} AMSC... what a toothache in the heart
[11:46] {Threei} lol dino
[11:47] {Threei} I'd prefer a pullback on this one...
[11:47] {Threei} haven't seen it working on breaks
[11:48] {dino} you may be right
[11:48] {nemo} aig riding 200 might break downtrend
[11:48] {dino} swm pisses me off
[11:48] {Les} is UAUA in trading range, or pulling back to go higher here?
[11:48] {Threei} as far as I am concerned it's done
[11:49] {dino} nemop 51 call is good
[11:49] {Les} I see it topped out here yesterday too
[11:49] {Threei} hasn't even attempted to break high while market spiked into new highs
[11:49] {Les} ok, could be the end for uaua. hmmm
[11:50] {Threei} market further run up may hold it floating, but as soon as market reverses UAUA should start drilling
[11:52] {Threei} providing we get any pullback in general market, hunt for short on it is on
[11:52] {Threei} Short Setup: UAUA .70 if stays under .80
[11:56] {nemo} cant short uaua
[11:57] {Threei} crrrrap
[11:58] {nemo} yeah, I tried at .76
[11:58] {Les} s uaua.74
[11:58] {nemo} you IB Les?
[11:58] {Les} y
[11:58] {nemo} smack Trev
06[11:58] * nemo slaps lasertrev around a bit with a large pissed off I can't short UAUA
06[11:58] * Threei slaps lasertrev around a bit with a large Les
06[11:59] * Threei slaps lasertrev around a bit with more Les
[11:59] {Les} signed up for laser, but will paper trade with IB till I got the magic 25
[11:59] {nemo} there was my 1:1
[12:00] {Les} out .65
[12:00] {Les} 1k, ooh yeh
[12:00] {Threei} Market Internals update at 12:00pmET
[12:00] {Threei} - NYSE volume 390M shares, about 10% below its three-month average; advancers lead decliners by 2.9:1.
[12:00] {Threei} - NASDAQ volume 875M shares, about 6% below its three-month average; advancers lead decliners by 1.6:1.
[12:00] {Threei} - VIX index +1.00% to just over 25.50
[12:00] {nemo} OHHHHHH GOD!! TREV!!!!!!
[12:01] {Les} still holding CY
[12:04] {Threei} hmmm
[12:04] {Threei} this guy does have two hands:
[12:04] {Threei} (SA) South Africa President Zuma: Economy has 'turned a corner'; recovery remains uncertain
[12:11] {Threei} US govt obviously hired 1% more of ppulation
[12:11] {Threei} look:
[12:11] {Threei} 30% Say U.S. Heading in Right Direction
[12:11] {Threei} this number stayed at 29 firmly for months
[12:17] {Les} out cy +.11
[12:17] {Les} completely different day from yesterday
[12:17] {Threei} yesterday seemed just fine to me too
[12:20] {Les} for me and my head and my setups
[12:20] {Les} days like yesterday just suck me in to bad trades
[12:20] {Les} its the primary fault I must fix in my trading in order to advance
[12:21] {Threei} I'll find the page in MPP that will show you how to fix it
[12:22] {dino} les, good job getting over yesterday
[12:24] {Les} I don't stay angry dino. it is not my personality
[12:24] {Les} but those infrequent curve balls thrown by the market
[12:24] {Les} screw with my account
[12:25] {nemo} you are a curve ball, should fit you fine
[12:25] {Les} lol
[12:25] {Les} BELT UP NEMO
[12:25] {nemo} wow cat
[12:26] {dino} sometimes you have to play jardball
[12:26] {dino} hardball'
[12:27] {Threei} page 57 Les
[12:27] {Les} OK
[12:29] {nemo} closing the earnings gap
[12:30] {Les} I'd agree with page 57 to the extent that I need to have a sheet in front of me...
[12:31] {Threei} better yet
[12:31] {Threei} take the summary reslt,
[12:31] {Threei} write it on a Post-It with comment:
[12:31] {Les} that when we approach different days, I need to read something to remind myself...
[12:31] {Threei} the price of stupidity
[12:31] {Les} how I will approach the day.
[12:31] {Threei} slap it on your monitor
[12:32] {Les} these results are in my diary
[12:32] {Threei} and before pushing buy or short, take a last glance at it
[12:32] {Threei} asking yourself:
[12:32] {Threei} is it a valid setup
[12:32] {Threei} or is it a contribution to stupidity fund
[12:32] {Les} :)
[12:32] {larisa} funny
[12:33] {Threei} if latter, look at the price again
[12:33] {Threei} come on Larisa
[12:33] {Threei} you know better than calling my humorless exercises funny
[12:34] {Threei} I am void of funny
[12:34] {Les} I'm thinking of pasting simple trading mindset under my keyboard. Today is strong trend day, today is range bound day, today is rudderless day, with appropriate trading mindset and strategy
[12:34] {Les} I have trouble going from trending day to a nothing day. i keep trading same way as day before
[12:35] {Threei} whatever works... just don't put it ON a keyboard, or your typing goes the way of dodo... i.e., becomes much like mine
[12:36] {Threei} wow Les, you seem to have a very uncommon disease:
[12:36] {Threei} too LONG attention span
[12:36] {Threei} rarity among us, moth
[12:36] {Les} oh now you're just being modest...
[12:36] {Les} or taking the piss out of me
[12:36] {Threei} we tend to forget out name between "Hi", and "my name is..."
[12:37] {Les} break time. back later.
[12:43] {Threei} market fell asleep
[12:43] {nemo} aig collapsing
[12:43] {Threei} for the reasoin as mysterious as the one that sent it up earlier, lol
[12:43] {nemo} yep
[12:45] {Threei} GR) Greece PM Papandreou: EU leaders believe a "political message" is enough to stabilize markets
[12:45] {nemo} idiot
[12:46] {Threei} jawboning can fix everything they think
[12:52] {nemo} anybody short cat?:)
[12:54] {Threei} hmm?
[12:54] {Threei} why?
[12:54] {nemo} joke, strength like that way
[12:55] {Threei} ah... I don't have sense of humor, don't forget
[12:55] {nemo} I was walking dad, didn't see that part
[12:57] {larisa} actually considered short of .50 double top for scalp. so my trading must be a joke :)
[12:57] {nemo} frankly, maybe we should be looking at this as a pullback in cat
[12:57] {nemo} no lari, just very strong stock
[12:58] {Threei} larisa, you do know that you always hape option of slapping nemo with something heavy available to you, right?
06[12:58] * nemo slaps larisa around a bit with a large feather duster
[12:59] {larisa} did you watch CAT closely last 30 min nemo?
[12:59] {nemo} fairly
[12:59] {larisa} .57 fel like top.
[12:59] {larisa} felt
[13:00] {larisa} but of course it is strong one.
[13:02] {larisa} and you can be trend trader or countertrend, or mix it wildly for fun :)
[13:02] {nemo} nothing parabolic about it, very strong 45 degree, we get another double top here...50 ma is about.10 below
[13:04] {nemo} market sells
[13:04] {larisa} I just like these double tops on falling indicators. Plus my hotizon is 10-20 cents :) and i do not remember my name
[13:04] {larisa} horizon
[13:04] {nemo} gertrude
[13:05] {larisa} lol
[13:05] {ese} am outta here all.....have a great day.
[13:05] {Threei} take care ese
[13:05] {larisa} bye ese
[13:05] {ese} cya vad laris
[13:05] {Threei} wituh any market help it can drop to 55 easy
[13:05] {nemo} where did you short larisa
[13:09] {larisa} I did not, was watching it at 12:54 with one eye. Vad distracted me :) then you said anyone short and I responded :)
06[13:10] * Threei is now known as one big distraction
[13:10] {nemo} I'm short .34
[13:10] {larisa} I am not sure if time chart shows good setup. but tick does
[13:11] {Threei} .37 here
[13:11] {Threei} just for a scalp
[13:11] {nemo} 1/2 out
[13:11] {larisa} but you said "no way, it is strong" :)
[13:11] {larisa} take it back
[13:12] {nemo} I reserve the right to change my mind as conditions warrant
[13:12] {larisa} ahha
[13:12] {Threei} I don't - I have nopthing to change
[13:12] {nemo} except diapers
[13:13] {nemo} my min has gone free association
[13:13] {nemo} out
[13:15] {nemo} what's your stop vad?
[13:16] {Threei} what stop, it was just a quick scalp
[13:16] {nemo} .47
[13:16] {nemo} oh you were out
[13:16] {Threei} covered at .27
[13:16] {nemo} oh
[13:19] {nemo} big bid cat
[13:22] {Threei} DNDN lost its mind today?
[13:23] {patience} .
[13:23] {Threei} good point
[13:24] {patience} :)
[13:24] {nemo} there's that sense of humor
[13:24] {Threei} point-sized
[13:40] {Threei} UAUA total loss of will to live
[13:40] {Threei} CY continues attemots
[13:41] {Threei} Long Setup: DNDN 31.01 break
[13:41] {nemo} dndn, might be prepping for a run
[13:41] {nemo} hah
[13:41] {Threei} if stays above .90
[13:43] {Threei} invalidated
[13:43] {nemo} oh well
[13:44] {nemo} bounced right at support and formed possible H&S, or long here off support
[13:48] {nemo} that .80 support for the earlier break held well
[13:49] {Threei} CY at 1:1 for swing traders
[13:54] {dino} rino, missed it
[14:02] {Threei} Market Internals update at 2:00pmET
[14:02] {Threei} - NYSE volume 580M shares, about 6% below its three-month average; advancers lead decliners by 3.8:1.
[14:02] {Threei} - NASDAQ volume 1.33B shares, about 2% below its three-month average; advancers lead decliners by 2.1:1.
[14:02] {Threei} - VIX index -5.3% to just over 24.00
[14:10] {dino} great wall of china at .50 on amsc
[14:12] {nemo} ntgr consolidating tight range
[14:13] {dino} swm wow
[14:13] {dino} i se why rino is up, lightening round last night cramer says don't buy it
[14:13] {nemo} least it's declinating in .50 segments now
[14:14] {nemo} I can't even look at TSCM gives me cramps
[14:14] {dino} re-test coming nemo?
[14:14] {nemo} looks it
[14:16] {nemo} might warrant a play get a pullback to .50-60
[14:16] {nemo} volume not convincing yet
[14:19] {nemo} .50 was it
[14:19] {dino} swm 45.50?
[14:19] {nemo} yeah
[14:19] {dino} guess so
[14:22] {nemo} might we be getting a C&H?
[14:22] {nemo} frickin spread
[14:22] {dino} have to lay out below imo
[14:23] {nemo} well, break of .50 or pullback to 00-.10
[14:23] {dino} gut says down to 45ish
[14:23] {nemo} beer gut?:)
[14:23] {dino} yeah
[14:24] {larisa} dino mentioned it first time, i blinked at 43ish, next blink was at 45ish :)
[14:24] {nemo} always trust that
[14:24] {dino} theres your break, you are better than i
[14:24] {nemo} no...I gave two possibilities
[14:24] {dino} nemo, you had 1.50 on it
[14:24] {nemo} yeah
[14:25] {dino} ok, 46 area
[14:25] {nemo} depends on volume this time around, see if this move supported
[14:25] {nemo} then, support at .50
[14:25] {dino} showing 46 20ma, 46.50 50ma
[14:26] {nemo} yep
[14:26] {dino} chart going up
[14:26] {nemo} she ain't coming back
[14:27] {nemo} Lido left the boat that day, he left the shack...that's all he left...he ain't coming back
[14:27] {nemo} Oh Christ...where's my gun
[14:27] {nemo} Vad, you play swm?
[14:27] {larisa} lol
[14:28] {Threei} me?
[14:29] {Threei} why would I?
[14:29] {nemo} Greed
[14:29] {strider} cause you are a wild and crazy guy?
[14:29] {larisa} no bad news on it right?
06[14:29] * nemo slaps strider around a bit with a large steve martin collection
[14:30] {Threei} guided lower larisas
[14:30] {Threei} -s
[14:30] {larisa} stop putting s everywhere
[14:30] {nemo} whoa
[14:30] {Threei} laria?
[14:30] {nemo} 200 point day today?
[14:30] {larisa} todasy anywasy
[14:30] {Threei} sounds japanese
[14:30] {nemo} You're making me feel better about myself
[14:31] {dino} don't
[14:31] {dino} lol
[14:31] {Threei} lol
[14:31] {nemo} Where's that list
[14:32] {nemo} ahhhhh....
[14:32] {nemo} pencil or pen....
[14:32] {nemo} pen...
[14:32] {nemo} D....
[14:32] {nemo} I....
[14:32] {nemo} N....
[14:32] {nemo} O....
[14:32] {dino} :)
[14:34] {larisa} I want today to be red closing
[14:34] {nemo} yeah...and I want....
[14:36] {dino} sadist
[14:37] {nemo} damn proud of it
[14:38] {nemo} swm bouncing off support
[14:38] {nemo} no volume yet
[14:41] {nemo} where's the strike on cat for op ex next week dino?
[14:48] {dino} typically they drive them to 5's or 0's
[14:49] {strider} TM trying to jump a little gap on daily
[14:50] {strider} c&h 5 min
[14:50] {nemo} SWM was so technically perfect.
[14:51] {nemo} Well, I gotta' go...see you guys too Lari and Patience
[14:51] {nemo} oh...and Vad
[14:51] {Threei} take care nemo
[14:51] {strider} had a good evening, nemo.
06[14:51] * nemo slaps Les around a bit with a large bag of lead shot
[14:52] {larisa} bye nemo :)
[14:53] {dino} chickened out on it nemo, take care
[14:56] {Threei} Long Setup: VXX .60 break half lot
[14:56] {Threei} if stays above .45
[15:00] {Threei} let's modify it
[15:00] {Threei} .40 - .50
[15:07] {Threei} no go
[15:08] {Les} hey I'm back. what's with the lead shot?
[15:09] {Threei} you'll have to ask nemo tomorrow
[15:10] {Les} I'm shot alright, but with good spanish red
[15:12] {Les} fitb up. wfc/ms down. fitb going to give me a shorting op before close?
[15:13] {Les} looks like the close is already stitched up
[15:14] {Threei} anyone's guess... it shows no indication of short being shaped up
[15:15] {Les} yeh, just finnies ain't showing strenght
[15:16] {Threei} Chinese solar name JinkoSolar cancels IPO due to poor market conditions
[15:16] {Threei} - No new date for the initial public offering has been set.
[15:16] {Threei} - Note that JinkoSolar is a major supplier for Renesola.
[15:16] {Threei} - Two previous Chinese solar companies, Trony Solar Holdings Co. and Daqo New Energy Corp., postponed planned offerings after struggling to price in December and January.
[15:19] {Les} uaua/cal recovered a little. dal a b/d candidate
[15:25] {Les} here comes fitb
[15:29] {Les} voila. this was best strategy to a market going nowhere.
[15:30] {Les} take profits early
[15:30] {Les} get drunk and forget about market later
[15:30] {Les} not bad trades made today
[15:30] {Les} no bad
[15:30] {Les} slw
[15:31] {Les} PM miners coming down
[15:32] {Threei} Market Internals update at 3:30pmET
[15:32] {Threei} - NYSE volume 755M shares, about 6% below its three-month average; advancers lead decliners by 4.2:1.
[15:32] {Threei} - NASDAQ volume 1.74B shares, about 1% below its three-month average; advancers lead decliners by 2.5:1.
[15:32] {Threei} - VIX index -5.00% to just over 24.00
[15:36] {dino} oo sm l swm
[15:37] {Les} .25 b/d GG?
[15:37] {Threei} probably
[15:40] {Threei} not anymore
[15:40] {Les} yeh
[15:44] {Threei} dino take the frikin profit already, will ya?
[15:44] {Threei} I van't do anything ele, watching this monster
[15:44] {Threei} can't
[15:44] {dino} lol
[15:44] {dino} out .95 +.95
[15:44] {Threei} seriosuly, lol... how do you stomach such volatility
[15:44] {Les} what r u in dino?
[15:44] {dino} swm
[15:45] {dino} and vad, i don't know. sometimes the gut wants what the gut wants (or something like that)
[15:45] {Threei} I know... it's just gut-wrenching :)
[15:45] {dino} i will be playting that tomorrow
[15:46] {dino} for today, most likely done
[15:46] {Threei} dailky is beyiond bizarre on it
[15:46] {Threei} daily
[15:49] {Threei} I'd say good timing on exit
[15:51] {dino} then say it
[15:51] {Threei} sorry, too lazy
[15:51] {Threei} I'll keep silent
[15:52] {Threei} but if I did want to say something, it would be" good timing on exit
[15:52] {dino} lol
[15:55] {Threei} aside of SWM{ it was the day of "bore me with profit, and I'll yawn all the way to the bank" type
[15:56] {strider} holding small TM overnight, from 75.38.
[15:56] {strider} Call me crazy
[15:56] {Threei} strider is crazy
[15:56] {strider} thank you, thank you very much.
[15:56] {Threei} always
[15:57] {Threei} just ask, I am here for ya
[15:57] {Les} wow its already 10 pm. time flies.
[15:57] {strider} :)
[15:57] {Les} nigth alla.
[15:57] {Les} night all
[15:57] {Threei} Les is crazy too
[15:57] {Les} that be the booze talking
[15:57] {Threei} but in his own way
[15:57] {Les} ciao
[15:57] {strider} well that's better..
[15:57] {Threei} take care Les
[15:58] {Threei} okay guys, calling it a day
[15:58] {Threei} thank you all
[15:58] {Threei} have a great evening
[15:58] {strider} thanks, vad.
[15:58] {strider} you too.
[15:58] {Threei} may SWM not come to you in your dream
[15:58] {strider} gonnaj watch Survivor tonight?
[15:58] {Threei} lest your dream turns into nightmare
[15:58] {strider} 1st install of new season.
[15:58] {Threei} not me
[15:59] {strider} I keep hoping patience and larisa will be on there.
[15:59] {Threei} Lost fills up my TV- island needs
[15:59] {strider} TM closing at hod.
[15:59] {strider} where it started.
[16:00] {dino} gn all, thx
[16:00] {larisa} bye all :)