Friday, August 5, 2011

Aug 05 2011

Tougher day, as news headlines from Europe made action overly whippy. Wins and stops about balanced each other out, finished the day flat and the weer - nicely in green. Let me post this for all the readers:


http://www.facebook.com/RealityTrader/posts/156990777711752

Session Time: Fri Aug 05 00:00:00 2011
[08:30] {Threei}  *(US) JULY UNEMPLOYMENT RATE: 9.1% V 9.2%E
[08:30] {Threei}  *(US) JULY CHANGE IN NONFARM PAYROLLS: 117K V 85KE; CHANGE IN PRIVATE PAYROLLS: 154K V 113KE- Change in Manufacturing Payrolls:24K v +10Ke
[08:55] {Threei}  Ron?
[08:55] {Threei}  is it labor day yet??
[08:55] {Threei}  did I fall asleep for a month?
[08:56] {RonS} hi, well, when things change, you change...gm
[08:56] {Threei}  oh OK... just thought maybe I did miss a whole month
[08:57] {Threei}  welcome back
[08:57] {RonS} ty
[08:57] {Threei}  missed quite a week
[08:58] {RonS} yep, probably a murphy deal...things will get boring again...
[08:59] {RonS} but hey, you cannot hit home runs if you are not at the plate...
[08:59] {Threei}  but, can you hit home runs if you are home?
[09:00] {RonS} way to deep for so early...
[09:00] {RonS} too
[09:00] {Threei}  sorry
[09:00] {Threei}  back in my shell
[09:01] {nemo} You weren't gone long enough to miss
[09:01] {Threei}  lol
[09:01] {Threei}  aren't you glad you are back, ron
[09:04] {Threei}  8% Rate Economy Good or Excellent, 64% Say Poor
[09:17] {dino} gm all
[09:17] {Threei}  dino :)
[09:17] {larisa} gm :)
[09:17] {Threei}  larisa :)
[09:17] {larisa} vad :)
[09:28] {Threei}  first thought is short after initial spike
[09:29] {nemo} TLT
[09:30] {Threei} Short Setup: SLW  .40 break
[09:30] {Threei} Short Setup: RIMM  .90 brak
[09:31] {Threei}  SLW change to .50 break
[09:31] {Threei}  stop above .60
[09:32] {Threei}  RIMM no go
[09:32] {Threei}  SLW touched 1:1 but way too fast and I didn't have order in
[09:33] {Threei}  stop to .56 SLW
[09:40] {Threei}  (US) CEA's Goolsbee: Jobs number shows we must do more for the economy, not satisfied with the jobs number
[09:40] {Threei}  idiot
[09:46] {Threei}  RIMM rinsed
[09:49] {Threei} Short Setup: SLW  .90 break
[09:50] {dino}  ndx going to fill that open gap
[09:50] {Threei}  stop above 36
[09:50] {Threei}  grrr RIMM
[09:50] {dino} feels like dji, s/p too
[09:50] {dino} ndx filled
[09:50] {Threei}  1:1
[09:51] {ese} oh I am here........
[09:52] {Natali} gm:)
[09:52] {Threei}  lol ese
[09:52] {Threei}  natali :)
[09:52] {dino} s/p filled
[09:53] {Threei}  SLW 1:2, out in full
[09:53] {RonS} gj
[09:53] {Threei}  ugh, too soon
[09:53] {Threei}  but whatever
[09:53] {Threei}  RIMM irritated me
[09:54] {Threei}  very much too soon
[09:55] {Threei}  the toosoonest exit in quite a while
[09:58] {dino} exam sm l .00
[09:58] {Threei} Long Setup:  SLWQ  35 break
[09:58] {Threei}  SLW
[09:59] {nemo} we bounced off the 50% retracement from July lows 2010
[09:59] {Threei}  invalidated but hunting
[09:59] {dino} gaps in market, dji +12 to -.49 in seconds
[09:59] {RonS} wow
[09:59] {dino} trading like pulp
[09:59] {nemo} hemmrhoid pillow and a parachute day
[09:59] {Threei}  thanks for the visual
[10:00] {dino} ndx -1.5% already
[10:00] {dino} ppo sm l .35 gappy
[10:02] {dino} dndn sm l .01
[10:02] {Threei} Long Setup:  SLW  50 break
[10:02] {nemo} tna
[10:03] {Threei}  Euro vs US Dollar Dealers noting of a looming S&P US sovereign downgrade rumor circulating after the bell tonight
[10:03] {nemo} right
[10:04] {nemo} volatility is unnerving
[10:04] {Threei}  .35 stop
[10:04] {dino} fwlt sm l .40
[10:06] {Threei}  scratching half
[10:06] {Threei}  b/e, to keep risk down
[10:06] {dino} chk gap fill early july
[10:06] {dino} chdx drop
[10:06] {RonS} futes whipping like a puppy's tail
[10:06] {Threei}  1:1
[10:07] {dino} chk sm l .65
[10:08] {dino} going green
[10:09] {Threei}  EU) Germany budget advisor notes that officials in the EMU have ruled out increasing the size of the EFSF program - financial press
[10:09] {Threei}  - Feels that the current discussions going on, ignited by Barroso comments earlier in the week, are counterproductive
[10:09] {Threei}  unraveling before our very eyes
[10:09] {Threei}  SLW
[10:10] {Threei}  one more setup
[10:10] {Threei}  .50 break
[10:10] {Threei}  if stays above .40 this time
[10:10] {dino} out ppo .20, +.85
[10:12] {Threei}  wtg
[10:12] {dino} ty
[10:12] {dino} whippy sucker
[10:12] {dino} out dndn .30
[10:12] {dino} +.30
[10:12] {dino} opps .29
[10:15] {dino} lot of odd symbols, low vol showing up on .07, people selling out
[10:15] {Threei} Long Setup:  RIMM  .36 break
[10:16] {nemo} VWAP .45
[10:17] {dino} out chk .95, +.30
[10:17] {dino} damn too soon
[10:18] {Threei}  RIMM 1:1
[10:18] {dino} csh sm l .29
[10:19] {ese} am back......whole internet got cut off here
[10:20] {Threei}  seriously ese... with all the shaw offerings, speed and reliability I can't see why you stay with that crap you have
[10:20] {dino} resistance is futile
[10:20] {ese} I know........
[10:22] {nemo} I wouldn
[10:22] {nemo} 't resist 7 of 9
[10:22] {dino} lol
[10:22] {dino} out fwlt .70, +.30
[10:35] {Threei}  missed SLW this time
[10:41] {dino} ppo sm l .71
[10:42] {dino} out .02, +.31
[10:47] {Threei} Short Setup: RIMM  .20 break
[10:49] {Threei}  no go
[10:52] {dino} sohu sm l .75
[10:53] {dino} coh sm l .51
[10:55] {nemo} slw DB?
[10:57] {Threei}  can't tell
[10:57] {Threei}  RIMM... still feels like .20 break should work
[10:58] {RonS} gj sohu
[10:58] {dino} out sohu .71, +1.00
[10:58] {dino} opps, .96
[11:05] {RonS} hearing O tv...
[11:05] {Threei}  I don't see him
[11:06] {dino} csh stop -.50
[11:07] {Threei}  (US) CBO projects that Social Security spending as a portion of GDP will rise from 4.9% in 2010 to 6.1% in 2035
[11:07] {Threei}  lol
[11:07] {Threei}  2035
[11:07] {dino} o was speaking on veteran jobs issue
[11:07] {Threei}  there won't be any social security long before that
[11:07] {dino} going to raise the age to 70
[11:08] {dino} only solution
[11:09] {dino} ppo sm l .90
[11:12] {Threei}  and RIMM works like charm on second break
[11:12] {Threei}  asnyone went for it?
[11:13] {dino} ppo stop -.31
[11:15] {dino} fast fall
[11:15] {nemo} If we don't hold here 117.5 next
[11:16] {nemo} 117.75-85
[11:18] {nemo} tza crossed tna
[11:21] {Threei}  wow
[11:21] {Threei}  didn't tgake long since we spoke about that eh?
[11:21] {dino} nfg
[11:21] {nemo} nope
[11:22] {Threei}  btw ron, he IS on
[11:23] {Threei}  NFG is a tough one dino
[11:23] {Threei}  hatled
[11:23] {Threei}  National Fuel Gas Co Notes that a JV in marcellus shale region is unlikely- CEO: Our future growth prospects and the fact that were not capital constrained or up against a schedule of lease expirations sets a pretty high bar. As a result, while we have been relatively close with two different parties over the last two or three months, we ultimately chose not to consummate either of those particular transactions.
[11:24] {dino} thx
[11:25] {dino} chk sm l .50
[11:25] {dino} sohu sm l .98
[11:26] {dino} crazy day
[11:28] {dino} sheesh, -120 to -35 in  minute
[11:28] {dino} we are doing days in minutes
[11:28] {Threei}  a lot of nervousness out there
[11:28] {dino} indeed
[11:31] {RonS} CNBC said they did not make the seasonal adjustment in this jobs report.
[11:32] {nemo} and they have in every other?
[11:32] {nemo} what's the net net?
[11:32] {RonS} hiding the weenie...
[11:33] {dino} out sohu .46 ave, +.48
[11:34] {dino} put that away ron
[11:34] {dino} ugh sohu
[11:42] {nemo} got a funny feeling lower
[11:42] {Threei}  me too
[11:42] {Threei}  oanic is about to hit again
[11:42] {nemo} as if that would be some fantastic feat of prognostication
[11:43] {dino} roflol
[11:45] {dino} fwlt sm l .20
[11:45] {Threei}  TZA pullback
[11:45] {Threei}  watching for entry
[11:45] {Threei}  half lot, jumpy
[11:45] {nemo} wait until spy or IWM hits trend line if you can
[11:45] {nemo} imo
[11:45] {nemo} for what it's worth
[11:46] {Threei}  crasp
[11:46] {Threei}  -s
[11:46] {Threei}  =crap
[11:46] {nemo} my frickin charts screwed up again
[11:46] {Threei}  missed
[11:47] {nemo} my freestockcharts are betting than the LASER ones today wtf
[11:47] {dino} ndx -2% today, that 7% in two days
[11:48] {nemo} spy 117.69-.84 area for bounce
[11:48] {Threei}  argh
[11:48] {Threei}  can'
[11:49] {Threei}  t believe TZA got away
[11:49] {nemo} focus, regroup, get a grip (stop talking to yourself nemo)
[11:51] {dino} 117.85 held so far
[11:51] {nemo} bounced at .85
[11:54] {nemo} spy doesn't hold 117 area next
[11:54] {dino} sm l csh .72
[11:57] {dino} like a hot knife thru butter
[11:57] {dino} stop csh -.21
[11:58] {dino} -3.2% ndx
[11:58] {RonS} look wlt 2 yr daily...talk about lit up
[11:59] {dino} dndn sm l .00
[11:59] {dino} 40 pts in 3 days wlt
[12:03] {nemo} 2-4 will be reallyinteresting
[12:10] {dino} bottom will be in when bartiromo tells people on cnbc how to short
[12:11] {RonS} man is she looking bad or what?
[12:11] {dino} yea
[12:11] {Threei}  hmmm... I see a bald man
[12:11] {Threei}  is this how she looks these days??
[12:12] {Threei}  TZA
[12:12] {Threei}  watching for entry again
[12:12] {dino} sm l ppo .89
[12:12] {dino} 100 pt move two minutes
[12:13] {Threei}  look here
[12:13] {Threei}  (IT) ECB said to be prepared to purchase Italy and Spain bonds if Italy PM Berlusconi agrees to specific reform measures - financial press- ECB notes that Italy may be preparing to accelerate its welfare reforms and fiscal rules - REMINDER: Italys PM and Fin Min to hold a press conf at 13:00ET
[12:14] {Threei}  a whole lot of nervousness around europe happensings
[12:14] {Threei}  in TZA half lot
[12:14] {Threei}  .97
[12:14] {Threei}  sheesh
[12:14] {Threei}  out
[12:14] {Threei}  .30
[12:14] {Threei}  +.33
[12:14] {Threei}  mama
[12:14] {dino} think they have to buy them, then eventually spin them off as brady bond type
[12:15] {RonS} got ppo .95 to 58.46  thanks dino
[12:15] {Threei}  nice
[12:16] {dino} gj
[12:16] {dino} getting greedy here
[12:16] {Threei}  look at the speed of this thing
[12:16] {dino} going green dji
[12:16] {Threei}  scary to call, it moves faster than I can blink, let alone comment
[12:18] {dino} out ppo .65, +.67
[12:30] {ese} .
[12:32] {dino} took couple hours but out exam .35, +.35
[12:36] {Threei}  (US) White House Press Sec: Treasury Sec Geithner has been working very closely with European partners; Europe's trouble has impacted the US economy
[12:44] {dino} 300 pt range
[12:44] {Threei}  http://www.facebook.com/RealityTrader/posts/156990777711752
[12:45] {Threei}  lol, market just spiked on this peice of crap:
[12:45] {Threei}  (IT) Italy govt to announce it will speed up reforms - Sky News
[12:45] {dino} out fwlt .55, +.35
[12:48] {dino} out chk .00, +.50
[12:49] {dino} gotta hop for hour or so, be back around 2:00
[12:54] {larisa} I bet we will close RED :)
[12:56] {dino} +200
[12:56] {larisa} wow :)
[12:56] {nemo} 119.75ish
[12:57] {larisa} nem, this is not dramatic, pick -200 or +400 :)
[12:57] {larisa} nemo :)
[13:09] {Threei}  (IT) Italy Govt delays press conference by 30 mins to 17:30GMT (13:30ET)
[13:10] {Threei}  (EU) ECB spokesperson declines to comment on the press reports the ECB could purchase Spain and Italy bonds
[13:10] {Threei}  uh oh'
[13:11] {Threei}  if turns out whole hoopla was just to try and support the market, that will be the end to credibility of their "announcements"
[13:48] {Threei}  *(IT) ITALY PM BERLUSCONI: THE CURRENT SITUATION NEEDS COORDINATION BY MANY COUNTRIES; HAVE SPOKEN WITH EU LEADERS TODAY ON ITALY
[13:49] {nemo} that's the definition of a clusterfornication
[13:49] {Threei} Long Setup:  TZA  49 break'
[13:49] {Threei}  half lot
[13:50] {ese} days like this must drive you crazy on the board vad will goof balls like me not really interested in trading until i figure out whats going on
[13:50] {ese} with
[13:51] {Threei}  nah, I just sleep through it all
[13:51] {ese} lol
[13:53] {ese} speaking of whats going on........small relief rally then there she blows....down she goes
[13:53] {ese} thats what my money says
[13:54] {RonS} small = 46 spx points off low?
[13:54] {Threei}  well... most likely but one thing to keep in mind:
[13:54] {Threei}  Europe spews one news headline after another now
[13:55] {ese} ya
[13:55] {Threei}  and they have impact
[13:55] {Threei}  that's why yesterday was so much easier than today
[13:56] {ese} hmmmm
[14:04] {dino} .
[14:07] {Threei}  what a mess, lol
[14:08] {Threei}  no slightest idea where we are likely to end today
[14:08] {Threei}  guts says red
[14:10] {larisa} I already said that, so i win with ANY red :)  to beat me you have to say how red :)
[14:12] {Threei}  hmmm
[14:12] {Threei}  very red?
[14:12] {RonS} commie red?
[14:14] {dino} crimson
[14:14] {dino} altho sticking w/my +200
[14:16] {RonS} hey nemo, tommy james & the shondells...
[14:18] {nemo} what about em?
[14:19] {RonS} crimson & clover
[14:19] {nemo} ahhh
[14:19] {nemo} got it
[14:20] {dino} joan jett?
[14:21] {nemo} cover
[14:22] {RonS} eur ticking higher...
[14:49] {dino}   wtw bears raises, drops
[14:49] {dino} beats
[14:51] {dino} wtw sm l .96
[15:07] {dino} stopped -.32
[15:11] {dino} rinsed
[15:12] {dino} ost about 140 in hour
[15:12] {Threei} Long Setup:  TZA
[15:12] {Threei}  half lot
[15:13] {Threei}  51 break
[15:13] {Threei}  .80 break now
[15:13] {larisa} keep going :)
[15:13] {Threei}  .60
[15:13] {larisa} it so crazy today
[15:13] {Threei}  yes, intend to
[15:13] {Threei}  15 - 20 cents miniranges
[15:13] {dino} up 50 in minute
[15:13] {nemo} indexes going north to vwap no shorts
[15:14] {Threei}  .40
[15:14] {Threei}  stop under .25
[15:14] {Threei}  1:1
[15:20] {dino} wtw sm l .30
[15:21] {dino} wlt sm l .55
[15:31] {dino} out wtw .72, +.42
[15:33] {Threei} Long Setup:  TZA  51 break
[15:33] {Threei}  half lot
[15:36] {Threei}  valid again - if not losing .85 anymore
[15:36] {Threei}  in
[15:37] {Threei}  nope
[15:37] {Threei}  whippy day
[15:37] {Threei}  I liked yesterday and the whole week before that much more
[15:38] {larisa} will be funny if we shoot all the way to dino's +200 :)
[15:39] {Threei}  hard to imagine... but stranger things have happened
[15:39] {dino} just spiked
[15:40] {Threei}  (US) IBD/TIPP June Economic Optimism Index: 35.8 v 41.4 m/m (all time low) - press**Data not released at its scheduled time, unclear if embargo broken or if data is in error
[15:40] {dino} shorts need cajones if they hold over weekend w/europe meetings, imo
[15:40] {Threei}  so do longs, lol
[15:41] {dino} i'd rather be long
[15:55] {Threei}  OK, I believe it's time to take a rest from this tiresome albeit profitable week
[15:55] {larisa} bye :)
[15:55] {Threei}  today not so much, about even
[15:55] {Threei}  but the rest was rather fine
[15:56] {Threei}  have a great weekend guys
[15:56] {Threei}  see you on Monday
[15:56] {dino} cya
[15:56] {nemo} gn