Session Time: Thu Apr 07 00:00:00 2011
[08:43] {Threei} *(US) INITIAL JOBLESS CLAIMS: 382K V 385KE; CONTINUING CLAIMS: 3.723M V 3.70ME (lowest continuing claims since Oct 2008)
[08:43] {Threei} - Prior Initial Jobless Claims revised higher from 388K to 392K
[08:43] {Threei} - Prior Continuing Claims revised higher from 3.714M to 3.732M
[08:43] {davd} i got here early to be the first to say welcome back 3i
[08:43] {Threei} thank you!
[08:44] {Threei} (CA) CANADA FEB BUILDING PERMITS M/M: 9.9% V 1.3%E
[08:44] {Threei} lol, who does those estimates
[08:45] {Threei} how to you miss by factor 7 or 8
[08:45] {Threei} how was trading this week?
[08:45] {nemo} what I miss slacker?
[08:45] {Threei} nothing much, just firing things up
[08:45] {nemo} Monday I was hot, tues slightly positive, Wed was so cloudy, just couple small trades
[08:46] {Threei} (PO) Portugal to make formal request for aid later today; no comment on size of request
[08:46] {Threei} - Aid request has certain limitations due to govt's caretaker capacity, and cannot be a short term loan.
[08:46] {Threei} ***Reminder: Portugal's snap elections on Sunday, 5th June
[08:46] {davd} nemo used oy vey and wagner in the same sentence - impressive!
[08:46] {Threei} lol
[08:46] {Threei} heh, I see Portugal ended pretense
[08:47] {nemo} yeah, see BBBY?
[08:47] {Threei} who would have thought bailout was needed after all, eh
[08:48] {Threei} yeah, reported yesterday
[08:48] {davd} in all fairness to portugal - they only said they wouldn't need a bailout every day for a week :/
[08:48] {Threei} true
[08:52] {nemo} So, how much higher can oil go before things start to tank again
[08:52] {Threei} who knows
[08:52] {Threei} there are so many angles of breakage
[08:53] {davd} its like the "Acceptable amt of radioactivity" - just raise the amt when it gets to high
[08:53] {Threei} oil being just one of them
[08:53] {nemo} Yeah, soon we won't need nightlighting or flashlights
[08:55] {Threei} potrugal announced aid request after market yesterday? or during?
[08:56] {davd} they say wti at 109 is "critical number". y'day wti touched 109 and the market reversed downward
[08:56] {davd} during ours, after theirs
[08:56] {Threei} did market react at the time?
[08:57] {davd} actually, not really imo
[08:57] {Threei} so, was pretty much a given
[08:57] {Threei} (EU) ECB Trichet: Rate hike decision was unanimous, have not decided whether today's increase is the first of a series or not
[08:57] {Threei} - Q&A- ECB will take the appropriate decisions to maintain price stabiliy as we have in the past
[08:57] {Threei} - Encouraged Portugal to ask for support.
[08:57] {nemo} Oh Oh http://www.debka.com/article/20817/
[08:58] {davd} fxe stayed up all day but no pop/drop - gold stayed up but no pop/drop
[08:58] {RonS} gm...everyone knows that Iran has been fulminating this thing in Bahrain so how is this news?
[08:59] {Threei} Ron :)
[08:59] {nemo} the Iraq angle
[09:02] {davd} im getting nauseous
[09:05] {ese} gm
[09:05] {larisa} gm :)
[09:06] {Threei} ese, larisa :)
[09:06] {ese} laris david
[09:06] {davd} ese larisa
[09:06] {ese} ahhhhhhhh......Vad's back..........rested are ya chief?
[09:06] {patience} welcome back vad
[09:06] {larisa} davd, ese, vad :)
[09:06] {Threei} patience :)
[09:06] {Threei} pretty much ese
[09:06] {ese} patience
[09:06] {Threei} amazing what three days with no connection to outer world do to one's psyche
[09:07] {ese} I think we've been doin ok........take the day off
[09:07] {ese} lol
[09:07] {Threei} inhaled in two days a book that would have taken me couple weeks under "normal" way of life
[09:07] {nemo} What? Dick and Jane? Spot?
[09:07] {ese} can identify
[09:08] {ese} ouch
[09:08] {nemo} dcc Ron
[09:09] {gen} gm all
[09:09] {Threei} gen :)
[09:12] {davd} patience - re currency, i have an open order to buy on ycs at 16.85 (close to 20dma)
[09:13] {RonS} zagg ziggy w/ logi distribution deal
[09:13] {RonS} 3i, does rimm daily say up to you?
[09:16] {Threei} potential is there... break of 56 - 56.30 zone is a signal
[09:16] {Threei} I know it sounds surprizing, unexpected etc, but SLW looks like open short to me...
[09:17] {RonS} euro tried push higher but pulled back
[09:17] {Threei} Euro vs US Dollar Euro drifting to session lows below 1.4260 as Trichet comments show absence of hawkish tone
[09:20] {rambler} morning.....
[09:21] {Threei} rambler :)
[09:22] {rambler} good break Vad...?
[09:22] {Threei} beautiful
[09:24] {Threei} even 3 days away create this impression that so many things musrt have happened
[09:25] {Threei} then you get back, and except for Portugal everything is where you left it
[09:25] {Threei} well, actually Portugal is there too, lol
[09:25] {rambler} you need 2 weeks...
[09:26] {Threei} let's start with half lot trades until I feel I am back in saddle
[09:26] {patience} thanks Davd....i'll look at it now, had to see to the needs of the 5 animals before market opens...each one has their routine every morning
[09:26] {Threei} (MX) USGS: magnitude 6.7 earthquake reported off the coast of Veracruz, Mexico
[09:27] {RonS} bill haley and the comets
[09:31] {jfjf64} mornin
[09:31] {Threei} jf :)
[09:31] {jfjf64} wecome bk
[09:31] {nemo} you're early
[09:31] {Threei} jf :)ty
[09:31] {Threei} Short Setup: SLW .65 reak
[09:31] {jfjf64} your nemo
[09:31] {Threei} if stays under .75
[09:32] {ese} intelliscan not working here
[09:32] {Threei} Short Setup: X .10 break
[09:32] {Threei} if stays under .25
[09:33] {Threei} X invalidated
[09:34] {Threei} no go SLW
[09:34] {nemo} there ya' go shorting slw outta the box
[09:34] {nemo} that means it'll work tomorrow
[09:37] {ese} L zagg .71
[09:37] {Threei} scanner OK here ese
[09:37] {ese} sm
[09:37] {ese} just started working
[09:37] {ese} took it at least 5 min
[09:38] {jfjf64} il flyin
[09:39] {Threei} Short Setup: SLW .70 break
[09:39] {Threei} if stays under .85
[09:40] {Threei} still half lot, remember
[09:40] {nemo} thought it was a double
[09:40] {nemo} oh, sorry, that's my drink
[09:40] {Threei} nope
[09:41] {ese} stop to .69 zagg
[09:41] {jfjf64} lvs pullbk
[09:42] {RonS} whither dino?
[09:42] {nemo} golfing
[09:42] {Threei} Spot gold hits fresh all-time high above $1,462/oz
[09:43] {nemo} thank you portugal
[09:43] {Threei} and Ben
[09:44] {Threei} Long Setup: X .50 break
[09:44] {Threei} if stays above .40
[09:44] {Threei} target is .80 or so
[09:44] {Threei} invalidated
[09:45] {Threei} not off radar though
[09:45] {Threei} Long Setup: X .40 break
[09:45] {Threei} if stays above .30
[09:47] {Threei} 1:1
[09:48] {Threei} half out .55
[09:48] {Threei} stop to .35
[09:48] {jfjf64} ty
[09:48] {Threei} 1:2
[09:51] {davd} short slw 46.36
[09:52] {Threei} X stop to .45
[09:53] {ese} out zagg .75 +.04
[09:55] {Threei} Long Setup: RIMM .75 break
[09:55] {Threei} if stays above .65
[09:56] {nemo} fun,huh davd
[09:56] {Threei} works
[09:57] {davd} si
[09:59] {nemo} iwm spy want yesterday's highs
[09:59] {Threei} nice drop SLW
[10:01] {davd} out slw .1
[10:01] {davd} 3i is my hero
[10:01] {nemo} we'll start calling you kschun
[10:01] {davd} bless you
[10:02] {Threei} please don't, lol
[10:02] {Threei} I barely handled one
[10:02] {Threei} no go RIMM
[10:08] {nemo} mmmmhhhh, I think we're in the preearnings blahhhh period
[10:08] {nemo} unless we have exogenous events
[10:08] {nemo} MCP might be bull flagging
[10:09] {jfjf64} dtop hpq
[10:09] {jfjf64} ?
[10:09] {Threei} .80 break is more likely
[10:12] {Threei} (US) US Senate majority leader Reid (D-NV): Hopeful for a vote on budget by the end of the week, numbers are basically there on a budget deal
[10:12] {Threei} - Not as optimistic as was yesterday on a budget deal, notes that ideology is preventing the deal (comments that issues surrounding abortion are making an agreement difficult)
[10:12] {Threei} - Calls the 1 week stopgap bill proposed by the Republicans is a non starter in Congress, is a sure wy to close the Govt down
[10:15] {nemo} low volume but fast could be a short here
[10:16] {Threei} Long Setup: CLNE .85
[10:18] {Threei} invalidation under .70
[10:18] {davd} gov shutdwn more likelu
[10:20] {Threei} let's make it aggressive
[10:20] {Threei} .75 break
[10:21] {Threei} with stop under ,65
[10:23] {Threei} Long Setup: FCX .20 break
[10:24] {Threei} stop under .10, target 1:2
[10:27] {Threei} CLNE invalidated
[10:28] {Threei} no go fcx
[10:30] {jfjf64} 3i take rest of day off
[10:30] {jfjf64} lol
[10:31] {nemo} my opinion spy bounces at pivot .59, tna/iwm should head north from that point
[10:31] {nemo} spy is at vwap now,
[10:32] {nemo} put it this way, the probability is at least a bounce there
[10:32] {Threei} dino effect
[10:32] {Threei} losing tune with market over vacation
[10:32] {nemo} here it is
[10:34] {jfjf64} nem dtop
[10:35] {Threei} Short Setup: RIMM .60 break
[10:35] {nemo} that high volume candle set stop above .65?
[10:37] {Threei} well, that's for a tight scalp
[10:38] {Threei} I'd prefer .70
[10:38] {Threei} 1:1
[10:39] {ese} dive dive dive!!!!11
[10:39] {davd} something big happned
[10:39] {ese} hat the heck is goin on there
[10:39] {ese} WHO?????? opened there mouth
[10:39] {Threei} (JP) Earthquake strikes northeastern Japan, tsunami alert issued - Japan press
[10:39] {Threei} here
[10:39] {nemo} oy frickin vay
[10:40] {ese} double that for me
[10:40] {rambler} vxx splodes.....
[10:41] {davd} i see nothing on cnn
[10:41] {Threei} 1:2
[10:41] {Threei} oe 3
[10:41] {ese} 7.4 magnitude quake
[10:41] {nemo} oh jeez
[10:42] {ese} man they haven't even gotten over the first one
[10:42] {Threei} I think this planet is anxious to shake us off
[10:42] {davd} tsunami alert japan
[10:42] {Threei} and hey, who could blame it
[10:43] {ese} yup
[10:43] {Threei} everyone's closed RIMM?
[10:44] {jfjf64} die rimmmmmmmmm
[10:44] {jfjf64} not me
[10:44] {nemo} iwm at yesterday's lows spy bounced of of S2 and multi time frame pivot support
[10:44] {Threei} careful jf... bounce will be vicious when comes
[10:44] {jfjf64} hv 500 shares left
[10:45] {nemo} .69-.70 key for spy
[10:46] {nemo} spy may be dbing
[10:46] {jfjf64} out
[10:46] {jfjf64} 3i out of jf s dog house
[10:46] {rambler} way to hang in there jf....
[10:47] {jfjf64} ty
[10:47] {jfjf64} was hard
[10:47] {jfjf64} lol
[10:47] {Threei} welcome, and next time, please leave some bacon in tyhat dog house, will ya
[10:47] {ese} lstr L sm .85
[10:47] {jfjf64} 100 %
[10:48] {Threei} see the bounce, jf?
[10:48] {Threei} told yas, vicious
[10:48] {jfjf64} yes
[10:49] {Threei} watch RIMM for long entry on double bottom if pulls back to about .10
[10:50] {nemo} Fukushima expecting tsnunami 6 minutes
[10:50] {Threei} projected t be about 1 meter high
[10:50] {nemo} yep
[10:51] {ese} is that good or bad?
[10:51] {nemo} bad but better than it could be
[10:52] {RonS} depends if you are taller than that
[10:52] {nemo} Hobbits are screwed
[10:52] {RonS} :)
[10:53] {RonS} bright side is their is a boom in radioactive surfing
[10:53] {nemo} nightsurfing
[10:54] {RonS} gives new meaning to the phrase "in the pipe"
[10:54] {davd} rons not planning to audition for duck
[10:56] {Threei} Short Setup: RIMM .35 break
[10:56] {Threei} if stays under .45
[10:57] {Threei} target is 1:2 with partials, and then reversal
[10:58] {jfjf64} like plan skipper
[10:59] {Threei} let's trail stop to above .40
[10:59] {Threei} very unclear here with this tsunami expectation
[11:00] {Threei} want to stay on a safe side
[11:01] {Threei} if no damage is reported and no tsunami threat, market can explode
[11:03] {jfjf64} nem
[11:04] {jfjf64} 58.00
[11:04] {jfjf64} breakdn
[11:04] {nemo} helluva stop
[11:04] {Threei} watching SLW for long entry on pullback
[11:04] {Threei} dsirable under .60
[11:04] {Threei} desirably
[11:06] {Threei} out RIMM
[11:13] {Threei} market lost drive, no push either way
[11:14] {rambler} MIPS breaking out .....
[11:23] {gregns} RIMM breakdown of .25 ?
[11:24] {Threei} nah... volume all but dried up on this pullback
[11:24] {gregns} ty
[11:24] {Threei} Long Setup: X .80 break
[11:24] {Threei} stop under .70
[11:26] {nemo} CREE
[11:27] {Threei} looks breaky to me
[11:28] {Threei} but my brain obviously is still on vacation
[11:28] {nemo} yeah, except pivot is .94 and it's sitting at vwap in a flat market
[11:28] {Threei} no go X
[11:32] {patience} in Fortuna Silver (fvi.to) ... not sure if it is a scalp or longer...profitable though
[11:34] {RonS} hearing M halt
[11:34] {Threei} yes
[11:34] {Threei} circuit breaker
[11:35] {Threei} don't see any big moves on it thopugh
[11:36] {RonS} looks like fat finger
[11:38] {nemo} another nuclear plant had power cut
[11:39] {RonS} in Japan?
[11:39] {nemo} yep
[11:44] {Threei} market feels like waiting for the next headline rather than trading on its own
[11:47] {Threei} gosh... just notice AONE daily
[11:47] {Threei} what a sad story
[11:48] {davd} gold lod re gld
[11:48] {Threei} SLW too
[11:54] {Threei} commentsd from Fed
[11:54] {Threei} (US) Fed's Lacker: FOMC rates hikes are certainly possible before end of 2011, given inflation and economic outlook; does not see the ECB hike as "showing the way" for the Fed
[11:54] {Threei} - Believes the Fed should sell off all of its MBS holdings, does not believe the Fed should hold anything except USTs.
[11:54] {Threei} - Inflation risks have significantly increased over the last six months.
[11:59] {rambler} bot DGW L 4.00 stop 3.90
[12:06] {Threei} (US) Democrat aide reiterates claims the two sides are nearing a deal, numbers are essentially agreed upon yet ideological issues remain - financial press
[12:06] {Threei} Short Setup: BBBY .90 break half lot
[12:07] {Threei} if stays under 55.05
[12:08] {Threei} target is about .60
[12:08] {Threei} bizarre line:
[12:08] {Threei} Southwest Airlines Inc Planes that earlier showed signs of cracking should be patched and back into service by this coming weekend - financial press
[12:09] {Threei} remind me to fly Northwest
[12:09] {Threei} BBBY invalidated
[12:15] {rambler} stooped on DGW
[12:16] {rambler} stopped
[12:16] {nemo} spy may pause around .20, no further bad news, gets back to at least .38 today
[12:17] {rambler} SCON pops on vol and flagging.....
[12:18] {Threei} BBBY is back on radar as short, just want a bounce to 55
[12:20] {nemo} bastid
[12:22] {Threei} grrr
[12:27] {Threei} (US) Senate Majority Leader Reid (D-NV): Both sides are coming very close to a deal on spending cuts, although women's health and environmental issues are still holding up the process
[12:27] {Threei} - Claims that the Republicans have made the decision to shut down Govt
[12:27] {Threei} - Follow up: President Obama pledges to veto any further stop-gap funding bills.
[12:28] {Threei} sounds to me like both sides just jokeying for position, trying to make the other side at fault for the shutdown
[12:28] {nemo} 57 area HOT might be short
[12:32] {ese} .
[12:36] {nemo} dumb me, did I say spy .38, should have said .60
[12:41] {nemo} wow may have new highs on the indexes
[12:48] {Threei} BBBY got away
[12:51] {Threei} Long Setup: CAT .50 break
[12:51] {Threei} stop under .40
[12:51] {Threei} target .90
[13:03] {nemo} who pulled the plug
[13:03] {Threei} no news
[13:03] {Threei} sigh
[13:03] {Threei} some days are just not meant to be
[13:03] {nemo} support at .36
[13:05] {nemo} 109.90 oil
[13:08] {nemo} 110
[13:09] {ese} ya this would be one of them days
[13:09] {nemo} yep them thar days
[13:10] {nemo} 110.23
[13:11] {nemo} big volume coming into oil over 110
[13:12] {nemo} mmhhhh, bbby
[13:19] {ese} L AVL .40
[13:25] {rambler} ese. if AVL gets thru 9.50 could run...
[13:28] {Threei} (US) Congressional Budget Office: Budget deficit estimated at $830B v -$717B yy
[13:28] {Threei} - outlays +11% y/y, revenues +7% y/y
[13:29] {Threei} incurable, eh?
[13:31] {ese} thats the key rambler......decent setup but nothin happening
[13:39] {ese} I I I I.............I don't believe it...........I'm making some money.....25 bucks but hey!
[13:45] {rambler} this is where I bought AVL last go around....
[13:47] {nemo} crash coming
[13:49] {ese} out AVL .53 +.13
[13:50] {rambler} gj ese...
[13:52] {rambler} looks like REE lifting again...
[13:52] {ese} ya
[14:01] {Threei} MCP...
[14:01] {Threei} 68 break is tempting short
[14:03] {nemo} I had been thinking the same thing, just such a strong stock
[14:03] {Threei} caught .95
[14:04] {nemo} don't overstay your welcom
[14:04] {Threei} covered half .77
[14:04] {nemo} don't know why have support line drawn in bottom of that doji
[14:04] {nemo} oh, high yesterday
[14:06] {nemo} cat sjprt be;pw /40?
[14:06] {jfjf64} i miss anything
[14:06] {nemo} or too much support
[14:07] {Threei} not really jf
[14:07] {nemo} cat short below .40?
[14:07] {Threei} looks right
[14:08] {nemo} aggressive would be if it can't get by that volume bar at .50
[14:09] {jfjf64} ? lookin to break .50 then short ?
[14:10] {nemo} oh oh
[14:13] {Threei} AIG
[14:13] {Threei} American International Group, Inc Confirms that AIG participated in Maiden Lane aution yesterday, had several winning bids for MBS assets - CNBC
[14:14] {nemo} got wicked out of cat short
[14:15] {nemo} rinse cat
[14:17] {jfjf64} ? lookin to break .50 then short ?
[14:17] {nemo} ?
[14:17] {jfjf64} guess not
[14:17] {nemo} tried .40 break, got wicked out above .50
[14:18] {Threei} AIG looks serious
[14:18] {nemo} volume dried up
[14:19] {jfjf64} i follow nemo just didnt understand ya post at 14:07
[14:21] {nemo} yeah, if it approached and a lot of volume came in under the big offers at .50, woulda' likely meant a drop
[14:22] {nemo} 50 important for POT
[14:23] {nemo} 59.00 sorry
[14:23] {nemo} inflection point
[14:27] {nemo} should go to .50 if works
[14:28] {nemo} maybe even .30
[14:29] {RonS} oil futes at 110.33
[14:32] {jfjf64} cost .30 break i/cup
[14:32] {nemo} was just looking at that
[14:33] {Threei} (US) House of Reps begins vote on one week stopgap measures; has now passed and will move to Senate
[14:33] {Threei} - Would fund Pentagon through Sept 30, and Govt through April 15
[14:33] {Threei} - Reminder: The President has threatened to veto the stopgap measure assuming the Senate passes it
[14:33] {nemo} republicans got the democrats right where the democrats want them
[14:34] {jfjf64} 2 i/cups
[14:34] {jfjf64} daily chart
[14:34] {jfjf64} today
[14:35] {jfjf64} scratch that
[14:39] {nemo} mmmhhhh play short at resistance on POT?
[14:39] {Threei} not here, imo
[14:39] {Threei} 10-15 cents higher, probably
[14:43] {nemo} got some nice pennants forming on spy and iwm
[14:47] {rambler} bot SCON 3.40 stop 3.30
[14:55] {RonS} headline of the day: Crack spread gets hammered
[14:56] {nemo} drinking problem and crack?
[14:59] {rambler} out SCON +.25
[15:03] {RonS} gj
[15:04] {rambler} thks, put me at b/e for the day...
[15:05] {Threei} outdid me then
[15:05] {rambler} one of those days...
[15:13] {ese} enough......enough already.......c you al tomorrow
[15:13] {nemo} insha Alah
[15:14] {ese} ahhhhh yaaaaa eggzactilly
[15:14] {Threei} take care ese
[15:14] {nemo} you speak Arabic?
[15:15] {rambler} cya ese
[15:26] {nemo} gotta' go c u 2morow
[15:27] {Threei} take care nemo
[15:27] {RonS} cya nemo
[15:27] {Threei} GLD...
[15:27] {Threei} .40 break looks nice, but I doubt it has much room
[15:28] {Threei} maybe a scalp
[15:28] {nemo} too much support at .30
[15:32] {larisa} RIMM day low
[15:33] {Threei} thinking break?
[15:33] {larisa} 1.5 $ downtrend already
[15:33] {larisa} 0.5
[15:34] {rambler} SCON trying here.....
[15:37] {Threei} Acer Inc Anticipating component shortages for its tablet and smartphone devices - DigiTimes- Citing comments from Taiwan unit president Scott Lin.
[15:37] {Threei} - Long-term, Lin says war of tablets just started; Android-devices to surpass Apple.
[15:46] {davd} .
[15:46] {davd} can it go green?
[15:46] {Threei} well
[15:46] {Threei} anything can happen
[15:46] {Threei} but I doubt it
[15:46] {Threei} matket is like jellyfish
[15:46] {Threei} no energy
[15:47] {davd} i think will go green because just past 1333
[15:49] {Threei} NDX is green actually
[15:49] {Threei} flashed for a second at least
[15:49] {davd} see i was right
[15:50] {Threei} hey, being right today is very easy
[15:50] {Threei} just object whatever I say
[15:50] {Threei} can't miss
[15:56] {Threei} OK, to emphasize just how pathetic today is, taking 4 cents scalp GLD
[15:56] {Threei} lol
[15:56] {Threei} OK guys, thank you all for your patience, have a good evening
[15:56] {Threei} see you tomorrow
[15:56] {larisa} bye :)
[15:58] {davd} i liked the slw short!
[15:58] {davd} you have a happy customer at least. almost as good as making money
[15:58] {Threei} lol
[15:58] {rambler} bot SHZ 5.36 for ON hold
[15:59] {rambler} thanks 3i, cya all tomorrow...