Monday, July 26, 2010

Jul 26 2010

We started day nicely with a few wins, notably AONE long right out of the gate. The market activity died and we slept through the most of the day - as traders well should during last days of July and most of August.

Session Time: Mon Jul 26 00:00:00 2010

[08:30] {Threei}  *(US) JUN CHICAGO FED NATIONAL ACTIVITY INDEX: -0.63 V 0.31 PRIOR
[08:56] {ese} morning
[08:56] {Threei}  ese :)
[08:57] {Threei}  (SP) Fitch downgrades Spain'sCaja Espana to BBB-
[09:14] {Les} afternoon all
[09:14] {Threei}  Les :)
[09:15] {strider} good morning.
[09:15] {larisa} gm :)
[09:15] {Threei}  strider, larisa :)
[09:16] {shorty} gm
[09:16] {Threei}  shorty :)
[09:21] {lilyd} good morning
[09:21] {Threei}  lily :)
[09:21] {lasertrev} morning
[09:22] {Threei}  trev :)
[09:22] {i2romantis} happy monday, everyone :)
[09:22] {Threei}  i2r :)
[09:23] {Threei}  monday, happy?
[09:23] {Threei}  http://realitytrader.com/vad/Mondays-Suck-Video.wmv
06[09:23] * Les slaps i2 around with a big soap box
[09:24] {i2romantis} it should be, would be great to start the week right!
[09:24] {i2romantis} lol
[09:25] {dino} gm all
[09:26] {magoo} morning
[09:26] {Threei}  dino, magoo :)
[09:27] {jfjf64} mornin all
[09:27] {magoo} tornado hit our town friday, no kidding
[09:27] {Threei}  jf :)
[09:27] {Threei}  wow
[09:28] {Les} you live where mags?
[09:30] {magoo} pennsy
[09:31] {Threei} Long Setup:  AONE  .80 break half lot
[09:31] {magoo} BP drop
[09:31] {Threei}  if stays above .65
[09:32] {Threei}  half out here
[09:32] {Threei}  scalpers take profit
[09:32] {Les} ty
[09:33] {jfjf64} ty
[09:33] {magoo} out .06 TY + .26
[09:33] {Threei}  feel free to exit the rest as you see fit
[09:33] {rdw09} ty Vad AONE + .21
[09:33] {Threei}  :)
[09:33] {strider} out +.14 +.19
[09:34] {strider} thanks, vad
[09:34] {Threei}  welcome guys
[09:34] {Les} forgot how AONE can move
[09:35] {Threei}  ARNA, what the deuce
[09:36] {nemo} bp at support
[09:36] {Les} banksters subdued... or ready to move lower maybe
[09:36] {ese} nice call vad......caught your call to late for aone
[09:37] {Les} crikey it's still going
[09:37] {ese} crap look at it go
[09:37] {shorty} i missed too
[09:37] {Threei}  how?
[09:37] {Threei}  it gave ample time for entry
[09:37] {i2romantis} aone still moving up
[09:38] {Threei}  full dollar
[09:38] {ese} was looking the other way in my case......following athr
[09:39] {shorty} I have appointments today, and was filling some papers.  A few seconds late.
06[09:39] * Les slaps shorty round with a better excuse
[09:39] {strider} WAG bounce
[09:39] {jfjf64} onxx
[09:40] {jfjf64} lots  steam
[09:40] {ese} bloddy heck.....as i'm typing on this board athr takes off
[09:40] {ese} missed that too daaaaaaaaa!!!!!!!
[09:40] {Les} wfc .30 b/d?
[09:40] {ese} can't win for trying
[09:40] {Threei}  WFC, I think so
[09:41] {ese} all the same aone...excellent call
[09:41] {Threei} Long Setup:  LVS  .50 break
[09:43] {magoo} in
[09:43] {ese} in
[09:44] {Threei}  stop under .40
[09:44] {nemo} stop .40?
[09:44] {nemo} 1/2 out
[09:44] {Threei}  1:1
[09:45] {ese} out .59
[09:45] {Les} ty
[09:45] {ese} tks vad
[09:45] {Threei}  welcome
[09:45] {dino} intc l .50
[09:46] {Threei}  (US) Preview: June New Home Sales due out at 10:00ET
[09:47] {dino} athr sm l .98
[09:49] {nemo} scalpers win lvs
[09:49] {magoo} genzz again
[09:50] {Les} wfc stopped +.01. not taking any more risk.
[09:50] {Les} let's see what the housing numbers bring
[09:51] {Threei}  WFC is shaping up just right... why cut the trade short
[09:51] {jfjf64} risk =profit
[09:51] {magoo} we in that wfc?
[09:51] {Les} daily profit target met
[09:53] {ese} L athr .02
[09:53] {dino} gj les
[09:53] {Les} market been chewing me up and spitting me out vad
[09:54] {Threei}  from what I've seen, it wasn't the market
[09:54] {Les} taking a small easy target and walking
[09:54] {Les} forget that momo. that was me
[09:55] {magoo} news AONE?
[09:56] {Threei}  upfrade
[09:56] {dino} whr jump
[09:56] {strider} ener moving today
[09:57] {ese} out athr .08 +.06
[09:57] {magoo} afraid or upgrade he he?
[09:58] {Threei}  how fo I know :)
[09:58] {Threei}  2 min till numbers
[09:59] {ese} i'm jimpy today.....don't like the mrkt.......too much flip floppin
[09:59] {Les} agree
[10:00] {Les} nemo die this weekend?
[10:00] {Threei}  *(US) JUNE NEW HOME SALES: 330K V 310KE (% M/M)
[10:00] {strider} dbl bottom WAG
[10:01] {Les} that woulda washed me out of WFC
[10:01] {Threei} Short Setup: LVS  .45 break
[10:01] {magoo} if stays below .50
[10:01] {Threei}  invalidated
[10:02] {strider} futs
[10:02] {magoo} vad, lets keep eye on AONE
[10:02] {nemo} must be good num bers
[10:02] {magoo} may RIPPPPPPP
[10:02] {dino} intc to .62
[10:02] {Les} fas
[10:03] {dino} out intc +.12
[10:03] {magoo} AONE not avail sh to laserheads
[10:04] {shorty} Hopefully see you guys this afternoon, I have excuses to go to today.
[10:04] {Les} hehe ciao
[10:04] {shorty} :)
[10:04] {Threei}  lol
[10:05] {Threei}  ITMN Strength attributed to chatter Intermune could get a favorable outcome from European medical regulators on pirfenidone drug for Idiopathic Pulmonary Fibrosis
[10:05] {magoo} c u later shorsta-gator
[10:05] {Threei}  - Chatter that ITMN could get approval without being required to provide data from an additional trial.
[10:07] {ese} still in athr dino
[10:07] {jfjf64} axp
[10:07] {dino} yes, stop is flat
[10:07] {jfjf64} 45 break
[10:07] {nemo} I gotta' reboot
[10:08] {Les} medicine ain't working nemo?
[10:08] {ese} L fitb .46
[10:10] {Les} MS vad. dive below 27 and recross?
[10:10] {Threei}  not sure
[10:10] {ese} it's one of the most solid stock out there from fundamental standpoint dino athr
[10:11] {Les} i ain't buying the break
[10:12] {strider} FCX
[10:13] {dino} doesn't trade solid
[10:13] {ese} damn hidden orders at .50 are driving me nuts
[10:14] {dino} tighten to .24
[10:15] {Threei} Short Setup: BP  .25 break
[10:15] {Threei}  if stays under .30
[10:16] {ese} out 2/3 fitb .53 +.07
[10:17] {ese} break even remainder
[10:17] {Threei}  invalidated
[10:17] {ese} athr workin nice for you dino
[10:18] {strider} vad, what made you make that call??   Looked like a std jbe to me.
[10:18] {Threei}  unless double top
[10:18] {strider} gotcha
[10:18] {dino} lucky
[10:21] {strider} ACAS c&h daily
[10:21] {ese} mags whats your take on rimm from here
[10:21] {dino} out athr +.26
[10:22] {magoo} short
[10:22] {magoo} not in tho
[10:22] {ese} really.....with the daily chart it has
[10:22] {ese} looks like a mini cup and handle bottom sort of
[10:23] {magoo} well, just climbed dollar twenty
[10:23] {Les} bounce area here rimm
[10:23] {magoo} nah imo
[10:23] {Les} but bounce before b/d?
[10:23] {dino} rmbs
[10:25] {jfjf64} any read  aig
[10:25] {ese} hmmmm i was thinkin that it would at least cover that gap from 06/24
[10:26] {Threei}  AIG, no
[10:26] {Threei}  way too volatile
[10:26] {jfjf64} yes
[10:26] {jfjf64} wow
[10:27] {Les} taking my marbles and leaving
[10:27] {Les} c u's tomorrow
[10:27] {magoo} take care les
[10:27] {Threei}  RMBS Strength attributed to speculation Rambus could get a favorable decision from ITC today (19.83, +0.84, 4.42%)
[10:27] {Threei}  that's going to be inetersting
[10:28] {jfjf64} onxx  5 min
[10:28] {magoo} halt candidate?
[10:28] {Threei}  if it gets ruling today and starts really moving, sure
[10:28] {jfjf64} onxx
[10:29] {ese} cya les
[10:31] {magoo} c rimm?
[10:33] {Threei}  *(US) JUL DALLAS FED MANUFACTURING ACTIVITY: -21.0% V -2.5%E (worst reading since July 2009)
[10:33] {strider} ahhh
[10:33] {Threei}  wow
[10:34] {strider} no reaction
[10:45] {gregns} .
[10:45] {dino} sm s calm .95
[10:49] {dino} bstop is .22
[10:53] {jfjf64} bp  short 3i
[10:53] {magoo} .
[10:54] {Threei}  no idea
[10:54] {strider} EDGX is chronically stuck on Lvl 2
[10:54] {Threei}  random
[10:54] {Threei}  market froze
[10:56] {dino} sorry, tripped on cord
[10:56] {Threei}  ahhh
[10:56] {Threei}  I knew it had to be someone's fault
[10:57] {dino} it's always my fault
[10:57] {strider} I didn't want to say anything.
[10:58] {ese} L fitb ..56
[10:58] {ese} my last 1k got stopped at .46
[10:59] {dino} calm stuck to .02 bstop
[11:01] {jfjf64} c/h   bp??
[11:02] {dino} calm stopped .05 -.10 slipped
[11:08] {nemo} rimm might be interesting
[11:09] {jfjf64} .20 break
[11:09] {nemo} yes, that's the obvious play
[11:09] {dino} calm rinsed
[11:09] {jfjf64} .10  short
[11:10] {nemo} I'd be a tad concerned about theat congestion below .10
[11:10] {strider} RIMM daily looks good
[11:10] {strider} has a gap to fill.
[11:11] {jfjf64} 3i  ya  gv  ya blessings
[11:11] {strider} GE trying for 16
[11:13] {nemo} damn
[11:13] {dino} itri sm l .21 ave
[11:14] {Threei}  hmmm
[11:14] {nemo} well, breakout in rimm a fake
[11:15] {Threei}  I don't know jf
[11:15] {Threei}  when market stands still like this any play has too big chance of becoming a whipsaw
[11:18] {ese} out fitb .67 and change hmmmmm.68 +.12 on 4k
[11:18] {Threei}  ese, look dcc pls
[11:24] {ese} dino you still in athr.......i sure interpreted that wrong......did not feel it was going to climb like it did
[11:24] {magoo} fdx rips
[11:28] {nemo} we're getting a creep up day
[11:28] {dino} azz
[11:29] {dino} es, athr stopped out +.26
[11:29] {magoo} BP continues
[11:29] {dino} azz as in the symbol, spiked
[11:34] {nemo} in tna .50
[11:35] {nemo} out .39
[11:35] {gregns} Vad, what do you mean when you say "what the deuce" also "dcc" ?
[11:35] {ese} well done then dino
[11:35] {Threei}  marketis in this slow short squeeze mode
[11:35] {magoo} WOW RIG
[11:35] {Threei}  dcc is private message
[11:36] {gregns} thks
[11:36] {Threei}  "what the deuce" is expression of being puzzled by another twist of events unfolding in the Universe
[11:37] {gregns} never heard that
[11:37] {Threei}  umm... Family Guy? :0
[11:37] {Threei}  Stweie's favorite expression
[11:37] {Threei}  APC
[11:37] {Threei}  Anadarko Petroleum Corp Hearing Lazard makes positive comments, citing potential of Owo oil discovery off of Ghana's coast (timing uncertain)
[11:37] {Threei}  - Maintains Hold rating, but says Owo discovery could help offset costs related to Gulf drilling moratorium.
[11:37] {gregns} i see
[11:37] {magoo} vad, im having troubles with mIRC
[11:38] {Threei}  ?
[11:38] {magoo} i cant see ese dcc
[11:39] {nemo} rinsed
[11:41] {magoo} whats this "rinse" of which u speak so fondly of which?
[11:41] {nemo} tna long
[11:42] {nemo} stop was .01 too tight
[11:44] {strider} GE broke 16
[11:44] {strider} out from 14.55 swing
[11:44] {magoo} AONE gonna take 11 imho
[11:44] {magoo} im in it
[11:44] {magoo} at least .98 area
[11:44] {nemo} yeah...that rinse is starting to piss me off
[11:45] {magoo} aone THERE
[11:45] {magoo} .14 from mention
[11:47] {magoo} out .93
[11:50] {magoo} still like AONE
[11:50] {magoo} nice pllbk RIG
[12:02] {jfjf64} lvs  bounce 3i
[12:02] {nemo} lunchtime
[12:06] {swil} vad, looks like volume on spy comes in waves?
[12:08] {strider} See you guys tomorrow.    Have a goodern.
[12:08] {jfjf64} later   st
[12:10] {Threei}  in a way, swill, yes
[12:10] {nemo} fcx
[12:11] {jfjf64} watchin
[12:11] {dino} crr
[12:11] {magoo} RIG resumes
[12:13] {jfjf64} yeah  rig
[12:13] {jfjf64} ty  mags
[12:13] {jfjf64} quick +15
[12:13] {jfjf64} gettin  bored
[12:13] {magoo} i hit .20 to .57
[12:13] {magoo} welcome
[12:13] {nemo} look for fcx bounce between here and .55
[12:15] {magoo} i really have trouble with FCX
[12:15] {nemo} well market broke the 50 ma
[12:25] {magoo} comp crashed
[12:27] {jfjf64} as les says  takin  marbels  and  runnin   see all
[12:28] {magoo} bye jf
[12:32] {dino} cya
[12:35] {ese} cya jf
[12:35] {dino} bec sm l .70
[12:40] {ese} sm = 300 on this one dino
[12:41] {Threei}  RIG C&H
[12:41] {ese} have we missed it though at .60 vad
[12:42] {ese} guess not
[12:42] {ese} missed it now thought
[12:42] {Threei}  different setups
[12:42] {ese} is there a screen for that type of pattern?
[12:43] {dino} es, yes
[12:43] {magoo} ty vad, too .90 out .04
[12:43] {ese} tks
[12:53] {dino} bec stopped -.22
[12:54] {dino} out itri .40, +.19
[13:00] {ese} L crus .49
[13:00] {ese} L aeis .37
[13:01] {ese} sm in both cases
[13:03] {dino} ctrp sm l .70
[13:10] {dino} last try bec evep
[13:10] {dino} bec break of .51 i mean, evep spiked
[13:10] {nemo} what is "evep?
[13:11] {dino} a symbol
[13:11] {dino} oil, gas
[13:11] {nemo} ahhh
[13:16] {ese} out crus .52 +.03 sloth
[13:20] {Les} hmmm cmtl 22 break?
[13:21] {Threei}  5 cents chase...
[13:21] {Threei}  I wouldn't
[13:24] {Les} broke already. just watching while doing dinner. dino u catch it?
[13:24] {dino} zzzzzzzzzzzzzzzz
[13:25] {dino} no les
[13:25] {Les} market tightening up nicely
[13:26] {Les} which way the break....
[13:29] {dino} feels up
[13:29] {nemo} of course up
[13:34] {ese} L fitb .80
[13:37] {Les} i see lot of air under this bounce...
[13:41] {Threei}  TIVO Chatter circulating that company is working together with AAPL on next gen Apple TV prototype (8.93, +0.31, 3.60%) (related AAPL )
[13:42] {Les} I see UK Govt. thinking of taxing TV viewed online for revenue
[13:42] {Threei}  i don't know why they are all so selective
[13:42] {Threei}  tax frikin' air we all breathe
[13:42] {Threei}  you cover all and everyone, no discrimination
[13:46] {Les} lol, you made me think of Lenin
[13:46] {Les} he taught Stalin well
[13:47] {magoo} i miss the USSR
[13:48] {nemo} you'll be living in it soon enough
[13:48] {magoo} at lwast they played fair as number 1 enemy...beautiful women spies
[13:48] {magoo} not like these pos terrorists today
[13:49] {Threei}  why, these 10 guys recently must have been to your liking
[13:49] {Threei}  a spying gal, too
[13:50] {magoo} A1 trying vad
[13:51] {magoo} any read
[13:53] {ese} out aeis .43 +.06
[14:04] {Threei}  no mags
[14:04] {Threei}  I don't like pushing here
[14:04] {Threei}  market is frozen
[14:04] {Threei}  height of the summer
[14:10] {patience} .
[14:11] {swil} cup and on nasdaq?
[14:12] {nemo} bidu dro[
[14:12] {Threei}  very narrow one...
[14:12] {Threei}  and handle isn't forming right
[14:12] {swil} k thnks
[14:12] {nemo} where's that Grey Goose?
[14:12] {Threei}  rght above black swan
[14:13] {nemo} ty, rimm riding support
[14:13] {Threei}  and under white raven
[14:13] {nemo} where's the frickin' hawk
[14:13] {nemo} ?
[14:13] {hawk} sleeping
[14:13] {Threei}  I'd assume, getting trout ready
[14:13] {ese} in and out of CLNE .18/.24 +.06
[14:13] {nemo} then how does he type:
[14:13] {nemo} with feathers no less
[14:14] {hawk} beak
[14:14] {nemo} no les, no more...heaven
[14:14] {nemo} ahhh
[14:14] {nemo} pecking away
[14:19] {Raven} hmmmm
[14:19] {nemo} feeling left out?
[14:19] {Raven} sure
[14:19] {nemo} good
[14:19] {Raven} lol
[14:20] {Threei}  another rare white raven sighting
[14:20] {Raven} I forgot ... where were those birds seen?
[14:21] {Threei}  Vancouver Island
[14:21] {nemo} Washington State?
[14:21] {nemo} ahhh...close
[14:21] {nemo} for nuclear warheads anyway
[14:21] {Raven} ah ... damn Canadian birds ... no wonder
[14:27] {nemo} Raven...migratory birds...do they hold dual citizenship?
[14:27] {dino} rbcn
[14:28] {nemo} your kina spread dino
[14:28] {nemo} kinda
[14:28] {dino} none avail
[14:34] {nemo} in rimm .81
[14:35] {nemo} I lied...fcx
[14:35] {nemo} stop .74
[14:39] {nemo} rinsed again
[14:39] {nemo} well, at least stop rinsed
[14:40] {gregns} thats what you get for lying
[14:40] {nemo} nice
[14:40] {nemo} I like that
[14:40] {nemo} Where's my list
[14:40] {gregns} i better already be on it!!!
[14:40] {gregns} you areon mine!
[14:40] {nemo} works for me
[14:43] {nemo} in tna .31
[14:43] {nemo} stop .20
[14:43] {Raven} nemo ... re: migratory birds ... you are thinking too hard
[14:45] {nemo} 1/2 out .32
[14:45] {nemo} .42
[14:45] {nemo} i lied again
[14:48] {ese} Lonxx
[14:49] {ese} .73
[14:50] {ese} thats L onxx
[14:50] {magoo} lol
[14:50] {Threei}  lol
[14:51] {Threei}  I mean, lolxx
[14:51] {magoo} whens BP report?
[14:52] {swil} -
[14:52] {ese} out onxx .83 +.10      just plodding away here
[14:52] {Threei}  tiomorrow before open
[14:52] {ese} should have went 1/2 out on this one
[14:56] {nemo} long tna again .31
[14:57] {nemo} 1/2 out .41...again
[15:02] {ese} L onxx .77
[15:02] {nemo} tighten stop to 35
[15:02] {nemo} cmon' tna
[15:03] {nemo} nutha quarter .51
[15:04] {ese} out onxx .84 +.07
[15:04] {magoo} nice
[15:06] {magoo} any read BP vad?
[15:06] {ese} tks
[15:07] {Threei}  messy chart with not mauch pattern following
[15:07] {nemo} stop to .50
[15:08] {nemo} out .62
[15:08] {nemo} oops
[15:08] {nemo} need another shot
[15:10] {swil} my gut seems to be contrainian
[15:10] {dino} you know, i haven't had a shoot in couple weeks
[15:10] {dino} shot
[15:10] {dino} bec to .75
[15:11] {dino} ugh, reverse slip out .77+.27
[15:13] {dino} nflx lod
Session Close: Mon Jul 26 15:18:19 2010

Session Start: Mon Jul 26 15:18:19 2010
Session Ident: #discussions
02[15:18] * Disconnected
02[15:21] * Attempting to rejoin channel #discussions
03[15:22] * Rejoined channel #discussions
[15:22] {swil} vad. jbe on spy?
[15:23] {Threei}  yes... but I don't believe it
[15:24] {Threei}  (US) Fed's Plosser: There are clouds on the horizon with regards to Europe, there is underlying strength in the US Economy - TV interview
[15:24] {Threei}  - Does not yet see a need for the Fed to provide further stimulus to the US economy; current data is 'noisy'
[15:24] {Threei}  - Sustained inflation risk is not an issue, businesses still experiencing weak demand
[15:24] {swil} who should I blame
[15:24] {Threei}  nemo
[15:24] {Threei}  I always blame him
[15:25] {swil} lol
[15:25] {nemo} ?
[15:29] {swil} ah. belief is a thought. no
[15:30] {swil} ?
[15:30] {magoo} i here obamas leaving the office of president to go and save BP
[15:31] {swil} lol
[15:31] {Threei}  you wish
[15:32] {Threei}  but hey... I won't hurry and wake you up from that pleasant dream of yours
[15:32] {Threei}  enjoy it while it lasts
[15:32] {Les} If ever the market could sell off, LVS .50 b/d would be nice
[15:32] {Threei}  problem is Les, no direction at all, eother way
[15:32] {Threei}  loo at SPY
[15:33] {Threei}  formed breakout
[15:33] {Threei}  touched high
[15:33] {magoo} SCREEEEEEEEEEAAAAAM...michelle obama just showed up in my dream, in a nighty
[15:33] {Threei}  immediately dropped
[15:33] {Threei}  an hour ago - formed breakdown,
[15:33] {Threei}  touched low,
[15:33] {Threei}  immediatelly bounced
[15:35] {ese} in algn .24 lousy fill
[15:36] {ese} out .28 +.04
[15:39] {ese} \in and out ovti .42/.48 +.06
[15:40] {ese} mags that is a night mare
[15:41] {ese} welllll  what am i sayin.......thats one good lookin women
[15:41] {ese} well done mags
[15:42] {dino} i was thinking at least it wasn't her hubby you're dreaming about
[15:42] {ese} lol
[15:43] {ese} sure gets one to ponderin doesn't it
[15:44] {nemo} tza
[15:44] {nemo} nevermind
[15:50] {Threei}  if I had to take something overnight, it would be AONE
[15:51] {magoo} the steak sauce?? u planning a barbi?
[15:51] {ese} outta here until omorrow ladies and gents
[15:51] {Threei}  take care ese
[15:51] {ese} tka care eh
[15:51] {swil} bye ese
[15:51] {dino} cya es
[15:52] {dino} my last day tomorrow until august 9th. hitting sunset beach, nc
[15:53] {Threei}  great, you'll be back just as I leave
[15:53] {dino} thats why you pay me
[15:53] {Threei}  I do?
[15:54] {Threei}  SPY S&P 500 trading back above 200 day simple moving average at 1113.71 (111.65, +1.24, 1.12%)
[15:54] {dino} lol, in compliments
[15:55] {Threei}  BP US Coast Guard affirms relief well could be implemented next week; will reconnect to well later today
[15:58] {dino} out ctrp .75, +.05
[15:58] {Threei}  thank you all
[15:58] {Threei}  havea good evening, see you tomorrow
[15:59] {dino} cya
[15:59] {swil} appreciate it. ty