Tuesday, August 31, 2010

Aug 31 2010

Not bad, not jubilant... just as this whole month has been.

Session Time: Tue Aug 31 00:00:00 2010
[08:37] {magoo} d;kl;O'CKJO:jlo
[08:38] {dino} gm all
[08:39] {Threei}  good morning
[08:43] {magoo} VAD, DCC
[08:51] {ese} morning
[08:52] {dino} :D
[08:53] {Threei}  ese :)
[08:53] {ese} got stopped out in mon yesterday.-25
[08:53] {ese} daaaaaaaaaa
[08:54] {ese} we'll make up for it today
[08:54] {ese} anything on anyones radar
[08:55] {dino} dgit, fdx, itri, pru, whr, cbht
[08:55] {dino} looking at last weeks support on them, tend to "pulp" trade
[08:55] {ese} pulp trade.....now theres a term i haven't heard
[08:56] {Threei}  DGIT is certainly one of interest
[08:56] {magoo} costanza "pulp"
[08:56] {dino} seinfeld; costanzza, "pulp moves baby"
[08:57] {ese} funny
[08:58] {ese} for short vad
[09:00] {Threei}  (US) June S&P/Case-Shiller Composite 20 Y/Y: 4.23% v 3.5%e; Home Price Index: v 146.43
[09:00] {Threei}  huh
[09:01] {ese} so prices have gone up then?
[09:02] {Threei}  Home Price Index: 147.97 v 146.47 Prior
[09:02] {Threei}  - Prior Composite-20 revised from 4.61% to 4.64%
[09:05] {nemo} euro/yen shooting up
[09:17] {dino} .
[09:24] {Threei}  SLW 52 week highs
[09:26] {Threei}  (CA) Canada's Fin Min Flaherty: GDP numbers show country's economy is on the right path
[09:26] {jfjf64} mornin
[09:26] {Threei}  jf :)
[09:32] {Threei} Long Setup:  CAT  .15
[09:32] {Threei}  half lot
[09:32] {Threei}  if stays above 64
[09:33] {Threei}  1:1
[09:33] {ese} missed it ...couldn't get to the screen fast enough
[09:34] {ese} nice one vad
[09:34] {magoo} was nice, i missed too
[09:34] {Threei} Long Setup:  RIMM  45 crossafter pullback under it
[09:34] {magoo} went for it tho
[09:34] {Threei}  if holding .90
[09:35] {nemo} too fast
[09:35] {Threei}  no pullback
[09:35] {Threei}  turns into short play actually
[09:35] {nemo} going to .50
[09:36] {Threei} Short Setup: RIMM  .30 break
[09:37] {magoo} gotta be fast, i suk
[09:37] {Threei}  same setup
[09:37] {Threei}  stop new high
[09:38] {Threei} Long Setup:  CAT  64 break
[09:39] {nemo} too fast
[09:39] {Threei}  1:1... sigh
[09:39] {magoo} in
[09:41] {dino} mon
[09:42] {nemo} yeah, misse the break below 53.50
[09:43] {Threei}  1:2 CAT
[09:44] {Threei}  1:3... mags, be reasonable
[09:44] {magoo} out .37 ty :)
06[09:44] * Threei slaps magoo around a bit with a large demand to take profit
[09:44] {Threei}  whew
[09:44] {nemo} rimm rinse
[09:44] {nemo} big time
[09:44] {magoo} yeah, its fast
[09:44] {Threei}  you'll give me a heart attack one day
[09:44] {dino} gj
[09:45] {magoo} lvs holds well
[09:45] {magoo} numbers coming
[09:45] {Threei}  *(US) AUG CHICAGO PURCHASING MANAGERS: 56.7 V 57.0E
[09:45] {Threei}  not bad
[09:45] {Threei}  RIMM
[09:45] {Threei}  bounce
[09:46] {dino} fdx sm l /60
[09:46] {Threei}  45 cross
[09:47] {Threei}  spiked over 1:1 too fast
[09:47] {Threei}  LVS explosion
[09:48] {Threei}  (US) Preview: Aug Consumer Confidence due out at 10:00ET
[09:48] {nemo} mon support
[09:49] {jfjf64} dog  w flies
[09:49] {dino} you mean fleas
[09:49] {jfjf64} y
[09:50] {dino} lol
[09:50] {ese} fdx....nice
[09:51] {dino} ty stop to .40
[09:53] {dino} stopped fdx .40, +.80
[09:53] {Threei}  wow RIMM
[09:53] {nemo} yeah
[09:54] {ese} count me in on the wow....even after the repreive in India
[09:54] {nemo} android and Iphone killing it
[09:54] {nemo} rimm=palm
[09:55] {Threei}  .40 break
[09:55] {Threei}  half lot
[09:55] {Threei}  risky as hell
[09:55] {Threei}  .25 support
[09:56] {Threei}  should be good for .65 at least
[09:56] {Threei}  invalidated
[09:56] {Threei}  shrug
[09:57] {dino} atlas
[09:57] {jfjf64} it a dog  careful
[09:58] {Threei}  3 min till numbers
[09:58] {nemo} no real support rim until below 42  s3 support 43.67
[09:59] {dino} msft should buy it
[10:00] {Threei}  *(US) AUG CONSUMER CONFIDENCE: 53.5 V 50.7E
[10:04] {nemo} wow fcx
[10:06] {dino} turnaround tuesday
[10:06] {Threei}  X pullback
[10:09] {Threei}  too fast for alert... had .20 cross in mind
[10:10] {Threei}  unhinged rally
[10:11] {dino} itri hl l .49
[10:11] {ese} what does that o mean vad?  unhinged
[10:12] {Threei}  Synonyms: bananas, batty, berserk, bonkers*, confused, crazed, crazy*, deranged, disturbed, insane, loopy, lunatic, mad, maniac, manic, mental*, out of one's mind, out to lunch, touched*, unbalanced
[10:14] {ese} ok...explains it perfectly
[10:14] {nemo} just think about you ese
[10:16] {ese} ahhhhhhhh now i get it
[10:16] {Threei} Short Setup: X  .50 break
[10:17] {Threei}  ugh
[10:17] {Threei}  ok, again
[10:17] {Threei}  half lot
[10:17] {Threei}  if stays under .65
[10:18] {Threei}  1:1
[10:18] {Threei}  finally something catchable
[10:30] {Threei}  anyone's breathing?
[10:30] {Threei}  TSLA Telsa Roadster to get clean vehicle subsidy in Japan - Nikkei
[10:32] {Threei}  - NYSE volume 205M shares, about 10% below its three-month average; advancers lead decliners by 2.1:1.
[10:32] {Threei}  - NASDAQ volume 410M shares, about 11% below its three-month average; advancers lead decliners by 1.5:1.
[10:34] {dino} ges off of .51 l
[10:36] {Threei}  RIMM really looks oike whole thing is unraveling
[10:37] {magoo} u see a short setup?
[10:37] {nemo} support at .67
[10:37] {Threei}  not so far
[10:37] {Threei}  what happens is,
[10:37] {Threei}  it forms long setups and fails them
[10:41] {jfjf64} x
[10:41] {jfjf64} bounce
[10:46] {jfjf64} pig
[10:47] {nemo} to what are you referring?
[10:48] {Threei} Short Setup: RIMM  .55 break
[10:48] {magoo} naz red
[10:49] {Threei}  invalidated
[10:49] {Threei}  (FR) France's CGT union confirms participation in a Sept 7 strike over pension reform
[10:51] {Threei}  (EU) ECB sources: Concern exists on some banks' dependence on funds from the ECB; will delay exit from measures due to US and EMU perhiphery states concerns
[11:00] {dino} dgit l .90
[11:00] {magoo} size?
[11:01] {jfjf64} rimm looks  lower
[11:01] {dino} 800
[11:02] {nemo} except it's already at S3 pivot support
[11:02] {jfjf64} free fallin
[11:02] {jfjf64} lol
[11:03] {nemo} .62 key level
[11:03] {jfjf64} y
[11:10] {Threei}  (US) City of Harrisburg, PA officially announces it will miss a $3.3M payment on GO debt
[11:16] {magoo} read FCX vad?
[11:16] {Threei}  none... looks locked to me
[11:18] {jfjf64} time  to drink
[11:25] {ese} L fitb .90
[11:25] {nemo} quote server vad
[11:25] {magoo} 17
[11:26] {nemo} ty ...having some troubles today
[11:27] {dino} dgit to .10
[11:27] {dino} out +.20
[11:32] {jfjf64} vad  queston   scanner   chart recognition   cant  find  it
[11:32] {jfjf64} can ya email link to me
[11:33] {Threei}  it's a very old window, phased out
[11:33] {jfjf64} k
[11:34] {jfjf64} if i want to  change daily  vol  in  scans   just  edit
[11:34] {jfjf64} some  vol  very  low
[11:34] {jfjf64} for me
[11:34] {jfjf64} lol
[11:35] {jfjf64} every thing else  wd  stay  same   filters??
[11:36] {dino} hod dji. s/p
[11:37] {Threei}  yes jf
[11:38] {Threei}  just edit and save
[11:38] {jfjf64} thanks
[11:38] {jfjf64} was  just  worried  bout  other filters  ya  hv set
[11:39] {jfjf64} as  long  as  changing  daily  vol  wont effect     cool
[11:39] {jfjf64} rimm  another  breakdown??
[11:43] {Threei}  i think so
[11:43] {Threei}  jf, make sure that if you change something, save layout under sdiff name
[11:43] {Threei}  this way you can always return to opriginal one if screw up something
[11:44] {jfjf64} yup
[11:44] {jfjf64} ty
[11:46] {jfjf64} die
[11:47] {jfjf64} rimm
[11:47] {jfjf64} not ya 3i
[11:47] {jfjf64} lol
[11:47] {jfjf64} cover half
[11:48] {jfjf64} stop b/e
[11:48] {jfjf64} see what  happens
[11:49] {jfjf64} going  to  have  lunch
[11:49] {jfjf64} set  stop  manny
[11:49] {jfjf64} never  did  this
[11:50] {jfjf64} see what couple  shots in  mornin do
[11:51] {jfjf64} ahh cover  1/4 here
[11:51] {jfjf64} got  raisens
[11:51] {jfjf64} 1/4 left
[11:51] {Threei}  nice
[11:52] {jfjf64} nice  my  raisens  or  my  trade
[11:52] {jfjf64} lol
[11:58] {dino} gj
[11:59] {Threei}  75% Say Congress Should Cut Its Own Pay Until Budget is Balanced
[11:59] {Threei}  fat chance
[12:01] {dino} they should work for free. not like they are qualified to do anything right
[12:02] {Threei}  even if they work for free it's too expensive
[12:02] {Threei}  the only way to get real value out of them is to pay them so they stay home and don't do anything
[12:02] {dino} couple 21 year old business students wouldvrun it better
[12:05] {dino} dgit l .76
[12:12] {Threei}  RIMM chart changes
[12:12] {Threei}  higher lows
[12:12] {magoo} might be done selling
[12:12] {Threei}  looks like
[12:12] {Threei}  for now at least
[12:13] {Threei}  overall, there is a feeling that nemo may be righbt and there is something fundamentally broken about it
[12:13] {magoo} nemo may be righbt
[12:13] {magoo} magoo faints
[12:13] {Threei}  fainbts?
[12:25] {jfjf64} what  happen  rimm
[12:25] {Threei}  what do you mean?
[12:26] {jfjf64} went  to  lunch  with  my  stop  b/e .30
[12:26] {jfjf64} good  thing only  1/4 piece
[12:27] {jfjf64} kapech
[12:34] {dino} aye cap'n
[12:39] {dino} dgit to .97
[12:39] {dino} tighten to .99
[12:40] {Threei}  nice one
[12:40] {dino} ty
[12:42] {dino} stopped .99, +.23
[12:43] {Threei}  (US) White House Econ Advisor: US cannot afford to extend tax cuts for high income individuals, would set "dangerous precident"
[12:43] {Threei}  - Notes that a short-term extension would encourage a longer extension of the cuts.
[12:45] {dino} tax and spend
[12:46] {Threei}  that wouldn't be half as bad
[12:46] {Threei}  what we have is overtax and overspend
[12:50] {dino} itri hod
[12:51] {dino} slow
[13:17] {nemo} fcx
[13:17] {nemo} sorry
[13:31] {ese} .  I am not
[13:31] {ese} I'm lurking.......and watching fitb
[13:39] {dino} .
[13:43] {nemo} mmhhhh...the moron can't spell either
[13:43] {Threei}  who?
[13:43] {Threei}  I don't know why all of a sudden you decided to pick on us morons
[13:44] {nemo} no...the whitehouse advisor "precident"
[13:45] {Threei}  normally these things get ciorrected on wire within a min or two, this one still stays
[13:45] {Threei}  mosy of them are caused by voice-recognition software
[13:45] {Threei}  (US) Preview: Minutes of the Aug 10 FOMC meeting due out at 14:00ET
[13:45] {Threei}  **REMINDER: at that meeting the FOMC held rates at 0.25% again and maintained its "extended period" lanugage, and also announced plans to maintain the size of the balance sheet by investing maturing MBS funds into US Treasuries. The vote was 9-1, with Hoenig again dissenting against the "extended period" lanugage and against the decision to maintain the size of the balance sheet.
[13:45] {Threei}  **Focus today will be on the FOMC's discussion of various policy alternatives that could be implemented if the econom falls off again, and on the level of contention among the committee members.
[13:47] {ese} thought nemo was talking about my spelling for a minute......cool...escaped his wrath once again
[13:47] {ese} nuttin feels gooder
[14:14] {Threei} Long Setup:  RIMM  .50 break
[14:15] {nemo} check out agu too vad
[14:16] {nemo} nevermind, unless this is a stop slam
[14:22] {Threei}  dunno where this selling came from
[14:22] {Threei}  invalidated RIMM of course'
[14:58] {dino} cramer getting depressed in his writings. usually bounce indicator
[15:03] {Threei}  JPMorgan Chase and Co Reportedly planning to close all prop desk operations, starting with 20 person commodity prop desk in London
[15:03] {Threei}  - REMINDER: speculation has circulated since the passing of the FinReg bill that Wall Street banks would reorganize their prop desk operations in order to accomodate the Volcker rule.
[15:03] {Threei}  so, what's the catch?
[15:04] {Threei}  it's not like banks will cease all prop trading
[15:06] {Threei} Short Setup: RIMM  43 break
[15:13] {Threei}  1:1
[15:28] {dino} mco
[15:28] {Threei}  1:2
[15:30] {nemo} in cree 21
[15:30] {nemo} .21
[15:30] {nemo} 1/2 out .32
[15:30] {Threei}  nice
[15:31] {Threei}  1:3, out
[15:33] {nemo} last half .52
[15:33] {dino} wtg
[15:33] {nemo} ty
[15:33] {nemo} almost even for the day
[15:33] {dino} was ooking at it, but chickened out
[15:33] {nemo} YOU?
[15:34] {dino} yeah, saw veco down w/it
[15:46] {dino} ppt holding 1039
[15:47] {magoo} u think?
[15:49] {dino} dk
[15:50] {dino} odd bounce tho
[15:50] {Threei}  just nervous thin market
[15:50] {Threei}  no one knows what's next
[15:51] {dino} like walking on thin ice
[15:55] {Threei}  thank you all
[15:55] {Threei}  have a good evening, see you tomorrow
[15:55] {dino} cya