Tuesday, July 26, 2011

Jul 26 2011

Slightly positive... very boring... you know the refrain. Finished with nice TZA trade though.

Session Time: Tue Jul 26 00:00:00 2011
[08:59] {Threei}  yawn
[09:00] {Threei}  (US) MAY S&P/CASESHILLER 20 CITY M/M: -0.05% V 0.00%E; YOY:-4.51% V -4.50%E;
[09:01] {Threei}  oh boy... look at USD
[09:03] {ese} gm
[09:06] {Threei}  ese :)
[09:25] {RonS} gm everyone...see that roberto duran was correct...
[09:26] {Threei}  ron :)
[09:26] {Threei}  about what?
[09:26] {larisa} gm :)
[09:26] {Threei}  larisa :)
[09:26] {RonS} ..."no mas"...
[09:26] {Threei}  ah
[09:26] {Threei}  well, remembering correct nick can be hard...
[09:27] {patience} good morning
[09:27] {Threei}  patience :)
[09:28] {Threei}  RIMM .70 break short is first thought
[09:28] {Threei}  SLW .90 break is second
[09:28] {nemo} long or short
[09:29] {Threei}  .90?
[09:29] {Threei}  support?
[09:29] {Threei}  low so far?
[09:29] {Threei}  wake up nemo...
[09:29] {Threei}  third thought is: why haven;t I joined dino...
[09:31] {Threei} Short Setup: SLW  .90 break
[09:31] {Threei} Short Setup: RIMM  .80 break
[09:32] {jfjf64} mornin
[09:32] {Threei}  jf :)
[09:32] {Threei}  SLW target 1:3
[09:32] {jfjf64} ??
[09:32] {Threei}  RIMM invalidated for now
[09:32] {Threei}  1:1
[09:34] {Threei}  standard trailing
[09:34] {Threei} Short Setup: RIMM  .95 break
[09:35] {Threei}  SLW 1:2
[09:36] {Threei}  let's trail RIMM to 27.01
[09:38] {Threei}  SLW last piece stopped on trail
[09:40] {Threei}  RIMM 1:1
[09:41] {Threei}  1:2
[09:45] {jfjf64} fdx
[09:45] {jfjf64} gettin  killrd
[09:47] {Threei}  set of numbers at 10
[09:47] {nemo} 13 min. to numbers
[09:47] {nemo} ;)
[09:47] {Threei}  home sales, consumer confidence, manufacturing
[09:49] {larisa} X 50 cents bounce off bottom and vertical sell off  to low again
[09:52] {Threei} Short Setup: FCX  .70 break
[09:58] {Threei}  let's scratch half of FCX b/e
[09:58] {Threei}  too close to numbers, want to keep risk down
[09:59] {Threei}  *(US) JULY RICHMOND FED MANUFACTURING INDEX: -1 V 5E
[09:59] {Threei}  this one;s bad
[10:00] {Threei}  *(US) JULY CONSUMER CONFIDENCE: 59.5 V 56.0E
[10:00] {Threei}  this one's good
[10:00] {Threei}  out second half
[10:00] {Threei}  *(US) JUN NEW HOME SALES: 312K V 320KE
[10:06] {Threei} Long Setup:  SLW  .30 break
[10:07] {Threei}  stop under .20 of course, target 1:3
[10:08] {Threei}  unless you are scalping... in which case you need my targets as fish needs umbrella
[10:11] {Threei}  (US) Senate Majority leader Reid reiterates that the short term plan from the Republicans would lead to a credit downgrade and will not pass the Senate
[10:12] {nemo} what a crock, they just don't want to have to do anything before the elections
[10:12] {Threei}  yeah
[10:14] {Threei}  out
[10:28] {nemo} mon
[10:31] {nemo} in .41
[10:31] {nemo} it dropped and then came back
[10:31] {nemo} MCP catapult
[10:34] {nemo} lvs
[10:34] {nemo} frickin MCP
[10:35] {nemo} 1/3 out .54
[10:40] {nemo} .39 confirmed stop MON
[10:41] {jfjf64} tna
[10:41] {jfjf64} .90
[10:41] {jfjf64} ??
[10:42] {nemo} .81
[10:42] {Threei}  no way
[10:42] {Threei}  on pullback yes
[10:42] {jfjf64} ty
[10:42] {Threei}  on such break, no
[10:43] {nemo} in .78
[10:45] {nemo} 1/2 out .15
[10:46] {Threei}  nice
[10:46] {nemo} chart was right, spy was moving, and I've got a feed from the futures pit said size buyers were coming in
[10:48] {nemo} btw jf...tna did pull back to high .60's
[10:49] {jfjf64} ty
[10:49] {jfjf64} lol
[10:49] {nemo} what?
[10:49] {jfjf64} missed
[10:49] {nemo} I know the feeling
[10:49] {nemo} intimately
[10:49] {nemo} repeatedly
[10:50] {nemo} ad nauseum
[10:55] {nemo} took a little more off MON .55
[10:55] {nemo} if it holds, and goes above .60 I might add back
[10:55] {nemo} oy, big bid .50
[10:56] {nemo} I think I'm out if it drops that
[11:02] {nemo} bought more mon
[11:05] {nemo} stop on the 2nd lot is .59
[11:05] {nemo} still have half the original from .41
[11:06] {nemo} 1/2 of second lot .72
[11:07] {ese} noooooooooo!
[11:08] {nemo} what?
[11:08] {ese} still L HOLI avg .51.......waitin for it to frickin explode
[11:08] {nemo} what, MON?
[11:08] {nemo} yeah, I still have a full lot
[11:09] {ese} this thing is still main lining .60 to .65
[11:14] {nemo} btw jf...I found there are algo's that play tna, try to stay away from paying the offer it seems to trigger pullbacks
[11:14] {ese} on monsanto nemo?
[11:14] {nemo} tna...as I stated
[11:15] {jfjf64} just looked
[11:15] {jfjf64} grrrrrrrrrrrrrr
[11:15] {nemo} don't feel bad, I got out at .25, about a buck early
[11:20] {nemo} tza
[11:21] {nemo} mon drops .70 I'm out remainder that second buy
[11:24] {nemo} Roberto is back
[11:24] {Threei}  who?
[11:25] {nemo} _mas
[11:26] {nemo} SAP
[11:28] {jfjf64} my  last  day  vacation
[11:28] {nemo} you're on vacation or going?
[11:28] {Threei}  how long?
[11:28] {jfjf64} going
[11:28] {jfjf64} 2xweeks
[11:28] {jfjf64} first  stop  hershey  pa
[11:33] {RonS} sap
[11:38] {nemo} [11:26] {nemo} SAP
[11:39] {RonS} http://tinyurl.com/44ha4o6.....about rimm
[11:49] {Threei}  most boring summer in a few years
[11:49] {Threei}  even though a lot of things happen, market largely fails to get excited
[11:49] {Threei}  I guess traders get tired of drama
[11:50] {jfjf64} how was crabing  yest
[11:50] {Threei}  boring too, lol
[11:50] {Threei}  got some prawns
[11:50] {Threei}  crabs were females exclusively
[11:50] {Threei}  so they were let go
[11:51] {jfjf64} prawns  nice  size
[11:51] {Threei}  enough to make a salad :)
[12:04] {jfjf64} out  here
[12:04] {jfjf64} see all
[12:05] {RonS} cya jf
[12:05] {Threei}  take care jf, have fun
[12:06] {jfjf64} ty
[12:06] {jfjf64} how do i go private  3i
[12:06] {Threei}  you don't
[12:06] {Threei}  lol
[12:06] {jfjf64} lol
[12:06] {jfjf64} lol
[12:06] {Threei}  doubleclick the nick you want to go private with
[12:07] {Threei}  but be mindful of some preferences, you know...
[12:14] {jfjf64} mpc
[12:25] {Threei}  jf, private
[12:27] {jfjf64} 1 min
[12:34] {jfjf64} hey
[12:48] {jfjf64} 3i  ya there
[12:49] {Threei}  yes
[12:49] {Threei}  you see my PM?
[12:49] {jfjf64} no
[12:49] {jfjf64} cant  get  in
[12:49] {Threei}  douybleclick my nick
[12:52] {jfjf64} doublclickin
[12:52] {Threei}  sigh
[12:58] {Threei}  anyone here is a facebook user?
[12:59] {RonS} no...
[13:18] {nemo} interest in tna here Vad?
[13:19] {Threei}  can't tell really
[13:49] {Threei}  no TNA, but TZA would be a scalp...
[13:49] {Threei}  extremely slow though
[13:49] {Threei}  and really hard to read
[14:03] {Threei}  no news for this spike
[15:15] {Threei} Long Setup:  TZXA  .10 break
[15:16] {Threei}  TZA it was
[15:16] {Threei}  sigh
[15:16] {ese} in
[15:16] {ese} I knew what ya meant
[15:19] {Threei}  :)
[15:19] {nemo} spy at trend line and vwap
[15:21] {ese} one really has to wonder about ones life when they they really know stock letters that well
[15:23] {Threei}  lol
[15:24] {ese} what i like here is the diversion between the spyders and tza
[15:32] {ese} anything new with the budget idiots........still inclined to keep the country at bay are they
[15:33] {ese} rock an roll tza
[15:33] {nemo} o.k. Rick
[15:34] {ese} Daranger?
[15:34] {ese} Marten
[15:34] {nemo} phonetically, yes?
[15:34] {nemo} Derringer
[15:34] {ese} sorry thats Ricky Martin
[15:35] {nemo} Steely Dan wrote a song about Derringer
[15:35] {ese} didn't know that
[15:35] {ese} whats the tune
[15:35] {nemo} you know the song
[15:35] {nemo} everybody knows the song
[15:35] {ese} ?
[15:36] {nemo} "Ricky don't lose that number"
[15:36] {nemo} They wanted him in the band, he turned them down
[15:36] {ese} i'll be
[15:36] {ese} i know the tune
[15:36] {ese} but didn't know it was about derringer
[15:36] {nemo} yep
[15:37] {nemo} Don't lose the number if you change your mind
[15:37] {ese} yup
[15:37] {ese} great tune
[15:38] {nemo} jeez...one of the local bands with my friends, did a version of Comfortably Numb...OMFG
[15:38] {nemo} I didn't realize how good a guitarist Gilmore is
[15:39] {ese} .
[15:40] {nemo} Week after next my buddy's yearly music party...lot of local musicians and some Berklee "professors" coming...as long as the rain holds off...
[15:41] {ese} that'll be cool......one of my students is attending Berklee next year...vocalist
[15:42] {nemo} they'll have a great time...Berklee is in a great part of Boston
[15:42] {ese} http://www.youtube.com/watch?v=VLwTmqlsSMI
[15:42] {nemo} him?
[15:43] {ese} he's singing The Letter by Joe Cocker
[15:43] {ese} yup
[15:43] {nemo} seen Joe do that more than once
[15:44] {ese} tza out  .22 +.11
[15:44] {nemo} give me name and contact number..I'll contact my friends at Berklee
[15:44] {ese} tks vad
[15:44] {Threei}  :)
[15:47] {ese} you know.....i've lost my Mad Dogs and Englishman album.......cryin shame
[15:47] {Threei}  1:2
[15:47] {Threei}  cool beans
[15:47] {Threei}  didn't expect a relatively easy play today at the end
[15:47] {ese} nice vad
[15:47] {nemo} what was the setup?
[15:48] {Threei}  34 - 34.10 minirange, ascending channel
[15:48] {ese} took the words out of my mouth
[15:49] {ese} probably stupidly leant it to someone nemo and have forgotten whos got it
[15:49] {nemo} I've done that before
[15:50] {nemo} There is superstition....
[15:50] {nemo} love Stevie Ray's version too
[15:50] {ese} lol
[15:54] {ese} are talking about superstion or the letter
[15:55] {nemo} I listened to the latter, then the former
[15:58] {Threei}  thank you all, have a good evening
[15:58] {Threei}  see you tomotrrow
[15:58] {ese} cya vad