Monday, July 11, 2011

Jul 11 2011

Nicely profitable morning and unbearably boring afternoon with no trades. Summer...

[06:56] {_carson} gap down for this morning
[06:56] {_carson} wheat down, silver down = SLW should be down
[06:56] {_carson} Brent crude down, WTI down...oil stocks should be down as well
[08:38] {Threei}  "Casey Anthony was found not guilty. This means that President Obama's economic team is only the second-most clueless group in America." - Jay Leno
[08:42] {Threei}  (IT) Spain Fin Min Salgado: Italy can solve its debt situation own its own and will not require financial aid - Comments ahead of Ecofin meeting
[08:42] {Threei}  right
[08:43] {Threei}  (GR) Austria Fin Min Fekter: Greek debt rollover must be entirely voluntary, warns against EU policy zig zag on Greek rollover
[08:43] {Threei}  - Netherlands Fin Min: We demand a role for the private sector in the Greek rescue plan.
[08:43] {Threei}  - Ratings companies have a very short-term point of view on the Greek rescue.
[08:43] {Threei}  - Financial reform is the best solution to Greece's problems, not more bailouts.
[08:43] {Threei}  - Italy needs to get its budget under control; notes that no other euro zone nations compare to Greece.
[09:06] {dino} gm all
[09:06] {Threei}  dino :)
[09:18] {larisa} gm :)
[09:18] {Threei}  larisa :)
[09:19] {larisa} vad :)
[09:19] {_carson} been up all night
[09:19] {_carson} lets win
[09:19] {Threei}  why?
[09:20] {_carson} slept all day yesterday
[09:20] {_carson} couldnt sleep
[09:20] {Threei}  lol
[09:20] {Threei}  so, what's the connection between non-sleep and necessity to win?
[09:20] {samire} gm
[09:20] {Threei}  samire :)
[09:21] {RonS} gm gents & ladies...and nemo
[09:21] {_carson} ill get grumpy faster
[09:21] {Threei}  ron :)
[09:21] {Threei}  we certainly don't want that carson, do we
[09:21] {_carson} yes sir
[09:21] {Threei}  I am grumpy enough not to leave much room for other grumpies
[09:21] {_carson} 2 wins :D and then im going to go sleep
[09:23] {RonS} ...did someone know about arj or what?   thieves and the feckless sec...
[09:23] {dino} gaps below 12261, 11961; 2378, 2294; 1287
[09:23] {Threei}  (EU) EU Finance Ministers sign treaty to create ESM in July 2013 - financial press
[09:24] {RonS} esm?
[09:24] {Threei}  europe stability mechanism
[09:25] {Threei}  they are so sure there will be what to stabilize in 2013...
[09:25] {RonS} george soros to lead it?
[09:25] {Threei}  lol
[09:25] {Threei}  (EU) PIMCO's El Erian: Reiterates cautious view on Europe, feels it has characteristics of 'mini meltdown' financial sector - CNBC
[09:25] {Threei}  - Reiterates call for Europe to adopt a decisive solution to the debt crisis.
[09:26] {Threei}  ron, with any luck we may just ship ex-president to them by 2013
[09:26] {RonS} amen to that
[09:27] {Threei}  with all the gap down, SLW is quite strong
[09:27] {nemo} seen gold?
[09:28] {RonS} ya, i think it's shiny and yellow...
[09:28] {Threei}  yeah
[09:29] {Threei}  no clear opening play for now, but hopefully SLW gives us sharp dive to buy into
[09:29] {Threei}  or stays in a tight range for a few min, to buy break of it
[09:29] {jfjf64} mornin
[09:29] {Threei}  jf :)
[09:29] {patience} good morning
[09:30] {Threei}  patience :)
[09:30] {Threei}  also, RIMM on the radar
[09:31] {Threei} Long Setup:  SLW  .40 break
[09:32] {Threei}  if stays above .25
[09:32] {Threei} Long Setup:  RIMM  .70 break
[09:32] {nemo} unusual spread slw
[09:33] {Threei}  will even out in a min or two
[09:33] {nemo} rimm short below .55?
[09:33] {Threei}  not sure
[09:33] {nemo} aot hyar VIYR AURRUBF IB NIEBUBF KIQ'
[09:33] {nemo} spy just about sitting on morning low
[09:33] {nemo} oy vay
[09:33] {Threei}  lol
[09:34] {Threei}  RIMM 1:1
[09:34] {_carson} 1:2
[09:34] {_carson} half out
[09:34] {nemo} what was stop?
[09:35] {Threei}  .55
[09:35] {_carson} 1/4 out
[09:35] {Threei}  out RIMM in full
[09:35] {_carson} all out
[09:35] {_carson} wow
[09:35] {_carson} what a trade
[09:35] {Threei}  go sleep carson
[09:35] {_carson} 1:1 SLW
[09:35] {_carson} out
[09:35] {Threei}  SLW 1:1
[09:36] {_carson} +.40 avg in rimm and +.10 in SLW
[09:36] {_carson} goldmine in 6 mins
[09:36] {_carson} rimm keeps going tho
[09:38] {Threei} Long Setup:  FCX  .70 break
[09:38] {Threei}  if stays above .60
[09:39] {Threei}  target .95
[09:41] {Threei}  no go
[09:41] {_carson} meh
[09:41] {Threei}  why aren't you in bed?
[09:41] {_carson} that was really fast
[09:41] {Threei}  [09:21] {_carson} 2 wins :D and then im going to go sleep
[09:41] {_carson} lol
[09:41] {nemo} in .61
[09:44] {Threei} Long Setup:  RIMM  .20 break
[09:44] {nemo} 1/2 out fcx .72
[09:44] {Threei}  if stays above .10
[09:45] {Threei}  invalidated
[09:46] {Threei} Long Setup:  RIMM  .15 break
[09:46] {nemo} in .11
[09:46] {nemo} Obama speaking this morning, might want to be flat when he comes on
[09:46] {Threei}  if stays above .05
[09:47] {dino} what time nemo?
[09:47] {Threei}  what time?
[09:47] {nemo} 11
[09:47] {Threei}  ty
[09:47] {dino} ty, most likely republican bashing session
[09:47] {nemo} de nada
[09:48] {Threei}  RIMM, not a scalp
[09:48] {Threei}  capable off new highs with any market help
[09:48] {nemo} 1/4 more fcx at .81
[09:50] {nemo} this is the level on rimm
[09:51] {nemo} I'll be out the remainder FCX at BE
[09:52] {nemo} 1/4 out .20 rimm
[09:52] {Threei}  ese, make up your mind... in or out
[09:52] {Threei}  I am getting dizzy
[09:52] {Threei}  come on RIMM
[09:55] {Threei}  wow FCX
[09:55] {Threei}  rinser
[09:55] {jfjf64} yup
[09:55] {Threei}  nemo had right idea how to play it
[09:55] {Threei}  RIMM is disappointing, 2 cents to 1:1
[09:56] {Threei}  let's trail it to under .10
[09:56] {_carson} rinseeeeerrrrrr grrrrrrrrr
[09:56] {Threei}  go sleep!!!!
[09:57] {Threei}  what the deuce, I just can't win with you... you ask for two wins, I deliver, you stay for more
[09:58] {nemo} out last quarter fcx .15
[09:58] {dino}   grrrrr partials, fn .01 l partial
[09:59] {Threei}  good tightening on RIMM
[10:01] {Threei} Short Setup: SLW  36 break
[10:03] {ese} am I in?
[10:04] {dino} ?
[10:04] {ese} i guess so......
[10:04] {ese} tried g a blank screento log in before but was just gettin
[10:05] {ese} tried to
[10:05] {Threei}  yes ese
[10:05] {ese} tried to log in before but was getting a blank screen
[10:05] {dino} options exp wk fwiw
[10:07] {ese} that'll teach me....was up at 5 am and rode my bike almost all the way out to vads place and back....almost 50K......but when i got back nothing was working ......
[10:08] {Threei}  if I made 50K that early, I would be the one not working...
[10:08] {ese} looks like a crappy mrkt anyway and didn't miss much
[10:08] {ese} lol
[10:08] {dino} should get fun ese
[10:08] {_carson} u missed lots
[10:08] {patience} nice overnight pop in gold stocks
[10:09] {_carson} 5 for 6 .. vad is ... well unless u dont count ..was away .02 from 1:!
[10:09] {_carson} 1:!
[10:09] {ese} meaning the market is tanking patience
[10:09] {patience} as long as i am making money.....
[10:09] {dino} the euro is tanking
[10:09] {Threei}  1:1 SLW
[10:10] {patience} good for you biking, did you take the goose?
[10:10] {patience} lochside i mean
[10:10] {dino} grey goose on bike?
[10:10] {Threei}  rofl
[10:11] {samire} is the stop be now  ?
[10:11] {ese} part of it...from mackenzie on up past the golf course the farmers mrkt on the highway before vads place
[10:11] {samire} break even
[10:11] {Threei}  SLW samire? yes
[10:11] {samire} thanx
[10:12] {Threei}  standard routine
[10:12] {samire} ok
[10:12] {Threei}  half out, stop to 36.01
[10:12] {Threei}  unless just scalping, then full out
[10:14] {Threei} Short Setup: FCX  .95
[10:14] {Threei}  break
[10:14] {Threei}  if stays under.05
[10:15] {Threei}  just a scalp most likely
[10:18] {Threei}  SLW 1/4 more out
[10:19] {Threei}  FCX 1:1
[10:19] {samire} 2 great calls
[10:19] {Threei}  OK, day becomes nice and bright
[10:19] {Threei}  out SLW in full
[10:20] {Threei}  +.38
[10:20] {_carson} lol va
[10:20] {_carson} vad
[10:20] {_carson} ur making
[10:20] {_carson} my week
[10:20] {samire} let us watch slw for long now
[10:20] {Threei}  now we just need to talk carson into going to sleep
[10:20] {_carson} still in slw
[10:20] {_carson} got some crumbs left
[10:20] {RonS} pot sm l .65
[10:21] {Threei}  and norma is missing a nice day again
[10:21] {_carson} lol
[10:21] {_carson} FCX
[10:21] {_carson} i should cover
[10:21] {_carson} right
[10:22] {Threei}  I think so, yes
[10:22] {_carson} ok done +.16
[10:22] {_carson} SLW +.41
[10:22] {Threei}  market is weak still, but snapbacks can be vicious
[10:22] {samire} slw will bounce back
[10:22] {samire} long slw
[10:22] {samire} .67
[10:23] {samire} selling .77
[10:23] {Threei}  btw, ese
[10:23] {_carson} $1000+ already
[10:23] {Threei}  amazing new attraction, you may want to take kids to see
[10:23] {Threei}  raptors
[10:23] {Threei}  owls, hawks
[10:24] {Threei}  trained, flying right over your head
[10:24] {samire} go slw
[10:24] {samire} 4 more
[10:24] {Threei}  a few days, I'll show you some amazing photos guys
[10:24] {samire} sold slw be
[10:25] {samire} break even
[10:27] {dino} 2378 filled
[10:27] {RonS} out pot looking to roll over...
[10:28] {Threei} Long Setup:  SLW  .65 break
[10:28] {ese} where is that Vad?
[10:29] {Threei}  chirch and state winery
[10:29] {Threei}  church
[10:29] {Threei}  stop under .55 scalpers, .50 day traders
[10:29] {_carson} in .64
[10:30] {Threei}  oh boy... no sleep for wicked...
[10:30] {_carson} out flat
[10:30] {Threei}  stop to .54 for everyone
[10:30] {_carson} protecting profits
[10:30] {Threei}  you know what protects profit best?
[10:30] {Threei}  going to sleep
[10:30] {_carson} logging off
[10:30] {_carson} yep
[10:31] {Threei}  wait
[10:31] {Threei}  watch SLW working'
[10:31] {Threei}  then go to sleep
[10:31] {dino} fn sm l .21
[10:32] {Threei}  tighten SLW to .59
[10:33] {Threei}  out
[10:33] {Threei}  Commerzbank AG (GR) CEO Blessing: Calls for Greek restructuring - German press- No rescue fund sufficient for Spian and Italy
[10:35] {Threei}  SP) New government in Castilla La Mancha province has stated that budget deficit is bigger than expected - financial press
[10:35] {Threei}  - Province President Maria Dolores de Cospedal: Govt will present Tuesday the first results of the audit she announced after being elected in nation-wide regional and municipal elections on May 22.
[10:35] {Threei}  - Expects the deficit to be much higher than 4% of province GDP v prior govt projection of 1.8% of local province GDP
[10:35] {Threei}  - Castilla La Mancha reported a 2010 budget deficit of 6.5% of GDP (highest of all Spain provinces)
[10:38] {samire} pcar on 5 minute
[10:38] {samire} long
[10:39] {samire} .67
[10:42] {samire} never triggered
[10:43] {samire} swc
[10:44] {samire} @ .16
[10:45] {samire} sold .26
[10:45] {samire} 100 bucks
[10:45] {dino} swc sm l .25
[10:45] {samire} not bad
[10:47] {dino} gj
[10:48] {samire} sold too early
[10:48] {Threei} Long Setup:  SLW  .25 break
[10:49] {Threei}  if stays bove .15
[10:50] {Threei}  invalidated
[10:51] {RonS} O in ten...or 20 if he is playing darts...
[10:51] {samire} pcar
[10:51] {samire} long
[10:51] {samire} on 5
[10:51] {samire} break of previous candle
[10:51] {samire} 5 minute chart
[10:52] {dino} most likely 30, he is always way late, likes to make you wait
[10:52] {Threei}  so, another "they can't have the keys, they drove us in the ditch" speech?
[10:52] {dino} y
[10:53] {samire} .42 for pcar
[10:53] {Threei}  Euro vs US Dollar *BREAKS 1.4000 LEVEL, DEALERS HIGHLIGHT 1.3970 AS KEY RESISTANCE
[10:54] {Threei}  and look who has a recipe for curing economic ills:
[10:54] {Threei}  (US) Rep Frank (D-MA): Loan limits from GSEs should be extended
[10:54] {Threei}  strong puking reflex ensues
[10:58] {RonS} swc sm l .95
[11:05] {jfjf64} put  ya  bounce  hat  3i
[11:05] {RonS} pot sm l .55
[11:06] {dino} arx sm l .02
[11:06] {Threei}  thinking that too jf
[11:06] {jfjf64} pull it  out  of  closet
[11:07] {ese} L spy .01
[11:08] {samire} swc might be long soon
[11:08] {ese} out 1/2 .11 +.10
[11:08] {ese} balance to break even
[11:08] {jfjf64} ffiv
[11:10] {dino} ccix fast fall
[11:11] {samire} swc @ 20.08
[11:11] {Threei}  this speech than should take placve any minyute is a concern, jf
[11:11] {Threei}  don't want to get caught into suden selloff if he says "no deal is close"
[11:12] {jfjf64} sitting  tight  with sword  in  hand  waiting  to  endgage
[11:12] {jfjf64} in  battle
[11:12] {nemo} crissakes
[11:13] {dino} camos on?
[11:13] {nemo} panties
[11:13] {Threei}  here he comes
[11:13] {jfjf64} naked at  desk
[11:14] {RonS} out swc -.10
[11:14] {jfjf64} caammando  style
[11:14] {ese} out spy in full .10 +.09
[11:14] {nemo} jf needs his meds adjusted
[11:14] {samire} Obama is on TV
[11:14] {jfjf64} lol
[11:14] {dino}
[11:14] {nemo} porn site
[11:14] {RonS} some saying looks sweaty...just of basketball court?
[11:15] {nemo} maybe he was bang....nevermind
[11:15] {dino} intern?
[11:15] {jfjf64} lol
[11:15] {nemo} check the dress
[11:15] {dino} ccix sm l .65
[11:16] {dino} wtf
[11:16] {RonS} lol...hearing cnbc running debt ticker...
[11:17] {RonS} eur fute looking to re-capture 1.40
[11:18] {RonS} out pot .84 + .29
[11:18] {dino} gj
[11:21] {dino} dks sm l .75
[11:22] {ese} nemo....question for you.... you trade most of your stocks of of the R1 R2 ,S1 S2 index levels yes.......
[11:23] {nemo} I trade index etf's off those levels
[11:23] {nemo} but, it also let's me know when the tide might go in and out in general
[11:23] {ese} ahhhh.......just looking for bounces....breakouts?
[11:24] {RonS} ya know, it has rained here 4 inches  July...14 is year's average
[11:24] {RonS} feel like i am back in the northwet...
[11:24] {nemo} here are the multi time frame levels for spy
[11:24] {ese} welcome back.......
[11:25] {nemo} notice spy bounced right above the quarterly pivot point and weekly S2 support
[11:25] {dino} gene spike
[11:25] {nemo} this is for the russell 2000:
[11:25] {ese} yes
[11:26] {nemo} btw the visible average line equates to the 50 day on a 30min chart
[11:27] {ese} you use VWAP at all
[11:28] {jfjf64} nemo  luvs the vwap
[11:28] {nemo} yeah, that's on my lower time frame charts for entries because it's calculated intra day
[11:29] {ese} tks nemo.......whats your reasoning for not using R! R2 etc with stocks....not consistant enough
[11:30] {nemo} huh...I use them, I watch how price plays at different pivot support and resistance levels
[11:30] {nemo} I've got the attention span of a gnat on crack, so those levels allow me to focus
[11:30] {ese} lol
[11:32] {ese} i haven't used them much but some of the reading i've done ....especially about action in the S&P pit....they use them alot...was just kinda revisiting that this morning
[11:33] {ese} am gonna have to look into it more
[11:35] {dino} out fn .51, +.30
[11:35] {RonS} gj
[11:35] {ese} nice dino
[11:36] {dino} ty
[11:39] {dino} out ccix .95, +.30
[11:43] {nemo} MOS
[11:43] {nemo} in .06
[11:43] {dino} some bad fl ruling
[11:43] {samire} long ?
[11:43] {nemo} yeah
[11:46] {nemo} 1/2 .20
[11:47] {nemo} stop b/e
[11:49] {dino} gj
[11:49] {nemo} should go to .50 area
[11:50] {nemo} stop is .14
[11:51] {nemo} took some more .32
[11:52] {nemo} my plans might have got shot down
[11:52] {nemo} stop now .20
[11:55] {nemo} firg out .47 .46
[11:55] {nemo} frig
[11:57] {nemo} a damn
[11:57] {nemo} love that vwap
[12:00] {samire} Vad is snoring
[12:00] {dino} i can hear him
[12:01] {samire} sleeping on the job
[12:01] {nemo} can't be, my mirc window isn't shaking
[12:01] {Threei}  hmmm
[12:01] {Threei}  I don't quite get it
[12:01] {Threei}  I always sleep on the job,
[12:01] {Threei}  how is today any different?
[12:01] {nemo} it's the noob
[12:01] {samire} u get paid less
[12:06] {dino} farm spike
[12:08] {RonS} bob & darryl?
[12:08] {RonS} farmers brothers
[12:08] {dino} y
[12:08] {RonS} :D
[12:09] {dino} :P
[12:10] {RonS} ;)
[12:10] {dino} wheres the top on that pig
[12:11] {RonS} uh...sow's ear?...
[12:11] {Threei}  lol
[12:11] {dino} lol
[12:21] {samire} slowing down\
[12:22] {dino} lunch time
[12:23] {samire} lunch is on Vad today
[12:25] {Threei}  why?
[12:47] {nemo}
[13:11] {dino}   swc june gap fill
[13:30] {dino}  swc sm l .20
[13:41] {ese} no.........watching
[13:41] {dino} abvt drop
[13:44] {dino} sm l .85 risky
[13:49] {dino} stopped
[13:50] {dino} dst spike
[14:33] {Threei}  watching TZA for entry on pullback
[14:40] {Threei}  a tad more please, TZA
[14:53] {Threei}  no confident entry
[15:11] {Threei}  ugh
[15:17] {samire} swc
[15:19] {Threei} Long Setup:  TZA  .65 break
[15:19] {Threei}  believe it or not, but stop is .59
[15:22] {Threei}  oh well
[15:25] {Threei}  rinse?
[15:29] {Threei}  samire forgot his name
[15:30] {RonS} shorter brother?
[15:30] {dino} arx stop -.02
[15:39] {dino} abvt spike
[15:39] {Threei}  Davidson upgrade
[15:39] {Threei}  (GR) Negotiations at Eurofin meeting over participation of European banks in Greek bailout are said to have broken down - financial press
[15:39] {Threei}  uh oh
[15:42] {RonS} little reaction so far
[15:43] {Threei}  everyone's asleep
[15:43] {Threei}  they'll wake up tomorrow morning and sell everything
[15:43] {RonS} w/ johnny?
[15:44] {RonS} aka carson?
[15:44] {dino} expected
[15:44] {Threei}  lol
[15:48] {RonS} persistent bugger...
[15:48] {RonS} "my kingdom for an e..."
[15:49] {dino} lol
[15:50] {Threei}  lol
[15:50] {Threei}  I know
[15:50] {Threei}  too many rooms
[15:50] {samire} yes
[15:50] {Threei}  hard to rememberwhich username used where
[15:50] {RonS} lol you are prob correct...
[15:51] {RonS} hilarious
[15:51] {Threei}  seriously samire... gotta cut down :)
[15:51] {samire} only 5
[15:51] {Threei}  see Ron? sellers noticed
[15:51] {Threei}  only?
[15:51] {Threei}  lol
[15:51] {Threei}  sometimes even one is too much for me, lol
[15:51] {samire} i can make them 4
[15:54] {Threei}  selling is likely to continue tomorrow
[15:58] {Threei}  (CH) China chief of the General Staff of the Chinese People's Liberation Army: Not for US to "conduct military drills in the region with the Philippines and Vietnam" - Nikkei News
[15:58] {Threei}  - Says US has given mixed "opposite signals", does not believe US wants to engage in the region.
[15:58] {Threei}  - Earlier today Navy Adm. Mike Mullen, ''The worry, among others that I have, is that the ongoing incidents (in the South China Sea) could spark a miscalculation, and an outbreak that no one anticipated... We have an enduring presence here, we have an enduring responsibility... We seek to strongly support the peaceful resolution of these differences.''
[15:58] {Threei}  (US) Senator Conrad (D-ND): Hope still exists for a $4T deal to cut the deficit- Note: Conrad is a member of the gang of six - Senate minority leader McConnell: Budget meeting was constructive and talks will resume tommorow
[15:59] {dino} lz spike
[15:59] {Threei}  thank you all
[16:00] {Threei}  have a good evening, see you tomorrow
[16:00] {larisa} bye :)
[16:00] {dino} thx all, gn