Thursday, August 18, 2011

Aug 18 2011

Nice day with a few cool wins (as usually we do well on down days), one of them is a very nice with strong help by horrible numbers from Philadelphia Fed:

[09:59] {Threei} Short Setup: FCX .10 break
[10:00] {Threei} *(US) PHILADELPHIA FED: -30.7V 2.0E

Session Time: Thu Aug 18 00:00:00 2011
[01:03] {pragmatic} test
[08:13] {Threei}  wow
[08:13] {Threei}  did the world end overnight?
[08:13] {nemo} 16 months
[08:13] {Threei}  so we such gap TODAY?
[08:14] {nemo} rumors Euro bank blow up coming
[08:15] {Threei}  sounds to me like "rumors that truth is about to come up"
[08:15] {Threei}  or, rumor that reality exists
[08:15] {nemo} sovereign debt issues starting to really hit
[08:16] {Threei}  I still can't believe they didn't up to now
[08:16] {Threei}  I mean, Euro at 1.44?
[08:30] {nemo} what were numbers?
[08:30] {Threei}  baaad
[08:30] {Threei}  (US) INITIAL JOBLESS CLAIMS: 408K V 400KE
[08:31] {Threei}  CONTINUING CLAIMS: 3.702M V 3.70ME- Prior Initial Claims revised higher from 395K to 399K - Prior Continuing Claims revised higher from 3.688M to 3.695M - 4 week avg claims: 402.5K v 405K w/w
[08:31] {nemo} not that much of a difference
[08:32] {Threei}  becomes worse instead of better
[08:33] {nemo} what cpi?
[08:33] {Threei}  CPI is up
[08:34] {nemo} core in line
[08:34] {Threei}  (US) JULY CONSUMER PRICE INDEX M/M: 0.5% V 0.2%E; CPI EX FOOD & ENERGY M/M: 0.2% V 0.2%E; CPI NSA: 225.92 V 225.8E- CPI Y/Y: 3.6% v 3.3%e
[09:06] {Threei}  (US) Fed's Dudley: Stability in financial markets are now just as important as monetary policy; Fed is working on financial stability mandate more broadly- Chances of recession have increased, yet are still low
[09:07] {Threei}  7% Rate U.S. Economy As Good or Excellent.
[09:09] {Threei}  I didn't know that many worked in White House
[09:09] {nemo} cute
[09:13] {Threei}  umm
[09:13] {Threei}  careful
[09:16] {Threei}  this is cuter:
[09:16] {Threei}
[09:20] {RonS} gm...heh, the guy owns two car companies and spends $2 mil on a canadian made bus that looks like the death star
[09:20] {larisa} gm :)
[09:21] {patience} good morning
[09:22] {Threei}  ron, larisa, patience :)
[09:29] {Threei}  going to skip first minutes
[09:31] {dino}  gaps below 10716, 2072, 1120 from 8/10
[09:33] {Threei}  here is the foundation for future blodbath:
[09:33] {Threei}  (GR) Slovakia Fin Min Miklos: Slovakia has always required collateral from Greece for loans
[09:33] {Threei}  - Cannot conceive of a situation where some european nations get collateral for Greece aid and others do not.
[09:33] {Threei}  ***Reminder: On Aug 16th the Greek finance minister and the Finland finance minister both stated that Greece and Finland had reached a deal on collateral to be used to secure Finnish aid to Greece. Under proposed framework, Greece would offer cash rather than assets such as islands as collateral for Finland loans.
[09:34] {Threei} Long Setup:  SLW  .55 break
[09:34] {Threei}  stop uinder .45 scalpers
[09:34] {Threei}  .40 day tarders
[09:34] {Threei}  1:1
[09:36] {Threei} Long Setup:  FCX  .50 break
[09:36] {Threei}  if stays above .35
[09:37] {Threei}  target .90 or so, three partials
[09:39] {Threei}  1:1
[09:40] {Threei}  stop to .45 for the balance
[09:40] {dino} vxx sm s .30
[09:40] {Threei}  scalpers win
[09:41] {Threei}  twice
[09:42] {Threei} Short Setup: RIMM  .70 breeak
[09:43] {Threei}  ummm
[09:43] {Threei}  lol
[09:44] {Threei}  executable only if you took .70 itself not waiting for a break
[09:44] {Threei}  in which case you have 1:2
[09:44] {Threei}  I mean 1:3
[09:48] {Threei} Long Setup:  SLW  .90 break
[09:49] {dino} vxx stop -.25
[09:49] {Threei}  target .20
[09:50] {Threei}  1:1
[09:50] {Threei}  stop to .86
[09:50] {Threei}  1:1
[09:50] {Threei}  2
[09:50] {Threei}  and 1:3
[09:50] {Threei}  target hit
[09:50] {Threei}  out in full
[09:51] {dino} rinsed
[09:51] {Threei}  finally we got those scalpers
[09:51] {dino} ppo sm l .07
[09:51] {Threei}  that's 4 for 4 so far, with one impossible to execute
[09:59] {Threei} Short Setup: FCX  .10 break
[10:00] {Threei}  *(US) PHILADELPHIA FED: -30.7V 2.0E
[10:00] {Threei}  ???
[10:00] {Threei}  *(US) JULY EXISTING HOME SALES: 4.67M V 4.90ME
[10:00] {Threei}  1;1
[10:01] {Threei}  1:3
[10:01] {nemo} my LASER fubar
[10:02] {nemo} no T&S bids offers reversed on LII
[10:03] {nemo} now it just locked up
[10:03] {Threei}  FCX 43.44
[10:03] {nemo} It's the end of the world as we know it...
[10:03] {dino} what you need?
[10:03] {nemo} nothing....everything locked
[10:05] {Threei}  .34
[10:05] {nemo} wow, rebooted it, frozen
[10:05] {Threei}  .29
[10:06] {Threei}  43
[10:06] {Threei}  +1.10 since entry
[10:07] {dino} gj
[10:08] {dino} filled 2072
[10:09] {larisa} LASER dead here too, are we -505?
[10:09] {Threei}  server 15 works
[10:10] {Threei}  -481
[10:10] {larisa} no t&s
[10:10] {Threei}  L2 and charts are OK
[10:10] {Threei}  T&S in such pace is useless anyway
[10:11] {larisa} what is your point ? :)
[10:13] {dino} de sm l .01
[10:14] {dino} rrgb sm l .70
[10:15] {dino} ppo sm l .59
[10:16] {nemo} mmmhhh...did some interesting sheetrock design
[10:18] {dino} out rrgb .08 +.38
[10:19] {dino} out ppo .20, +.61
[10:21] {patience} nice dino
[10:23] {dino} out de .55, +.54
[10:24] {dino} ty
[10:30] {Threei}  who feels tense,
[10:32] {larisa} lol
[10:34] {RonS} adorable
[10:43] {Threei}  interestingly enough, I still don't get the feeling that selling is over for the day
[10:43] {Threei}  this day smells like disaster in the making - still ahead
[10:50] {nemo} we bounced on spy at the semester S3 support
[10:50] {dino}  rrgb sm l .67
[10:51] {RonS} gotta be careful...
[10:51] {dino} ppo sm l .00
[10:59] {dino} good thing they banned shorts on euro banks, lol, they are getting crushed anyway
[11:00] {dino} who do they blame next?
[11:00] {Threei}  rofl, conan o'brian... "housing crisis eases - president Obama has 9 prople interested in HIS house"
[11:00] {nemo} might want to check tlt for support
[11:00] {dino} roflol
[11:03] {RonS} wow, coh crushed
[11:14] {dino} out rrgb ave .99, +.32
[11:15] {RonS} well done
[11:15] {dino} ty
[11:15] {RonS} u put a steak in it...
[11:17] {dino} a1 bold
[11:18] {RonS} hehe
[11:24] {dino} gopr sm ave .12
[11:25] {dino} lulu sm l .60
[11:26] {RonS} wow, just noticed the 10 yr yield went below 2%
[11:26] {nemo} wow, where's the 30?
[11:27] {RonS} dunno...
[11:33] {RonS} wow the dax closed -6%
[11:37] {RonS} so dino did you notice that tzoo show 80% of the float short?
[11:38] {dino}  no
[11:43] {RonS} can't make it up...marketwatch headline:  Brain-eating amoeba death roll rises
[11:44] {RonS} and they aren't even talking about the O
[11:46] {RonS} wow barclays -11% today
[11:46] {RonS} socgen and commerzbank -10%
[11:47] {dino} cannot blame the shorts
[11:48] {nemo} yeah, but they'll say, "think how bad it would have been?"
[11:49] {nemo} should get back to weekly pivot at 115.87
[11:52] {nemo} faz .05
[11:53] {nemo} 1/4 .19
[11:54] {nemo} out
[11:56] {nemo} and rinse
[11:56] {nemo} makes sense today
[11:58] {Threei}  (GE) Germany Chancellor Merkel: Debt limits important for all Europe countries; affirms belief that the debt crisis can be overcome
[12:04] {nemo} it
[12:04] {nemo} it'll be overcome one way or another
[12:04] {nemo} frickin faz
[12:04] {Threei}  yeah
[12:04] {RonS} in other news, the tooth fairy is alive and well...
[12:04] {nemo} Cheech & Chong's magic reindeer dust
[12:05] {Threei}  and nemo has easter bunny caged
[12:05] {nemo} nahh...she has run of the house
[12:09] {dino}  hpq spike
[12:09] {dino} spin off pc biz
[12:10] {dino} halt
[12:11] {Threei}  Hewlett-Packard Co Halted, circuit breaker; said to be planning to spin off its PC business, focus on software business; may announce breakup as soon as today - financial press
[12:14] {dino} tzoo sm l .80
[12:15] {Threei}  open
[12:15] {nemo} bunny relaxing
[12:15] {Threei}  only to be halted again a sec
[12:16] {nemo} bunny caught red handed
[12:32] {nemo} bunny's addiction:
[12:33] {Threei}  jf says hello
[12:33] {Threei}  still on vacation
[12:36] {dino} tzoo stop -.40
[12:37] {dino} out gpor .66, +.54
[12:41] {RonS} system freezing...gotta clean it out and re-boot...
[13:02] {nemo} l tna .49
[13:02] {Threei}  *(US) TREASURY'S $10B 5-YEAR TIPS DRAW -0.825%; BID-TO-COVER RATIO 2.49 V 2.84 AT LAST YEARS REOPENING AND 2.52 AVG OVER THE LAST 8- indirect bidders take 47.2% of competitive bids with 57.9% allotted at the high.
[13:03] {nemo} not following spy out
[13:04] {nemo} oops
[13:05] {nemo} was right move
[13:06] {Threei}  very
[13:07] {nemo} so I guess I should be happy I made $4.83
[13:07] {Threei}  as long as you contrast it with losing $100, yes
[13:08] {nemo} or....more advanced sheetrock design
[13:16] {Threei}  SPY is about to retest lows
[13:16] {Threei}  IMO, very good chance to break it and make new ones
[13:19] {nemo} express elevator down?
[13:19] {Threei}  IMO, most likely
[13:36] {Threei}  TZA
[13:36] {Threei}  watching for pullback entry
[13:36] {patience} still in fcx short from this morning
[13:36] {Threei}  nice
[13:36] {Threei}  bottomless pit
[13:37] {patience} interbank environment getting chilly so looking at financial institutions to short
[13:50] {dino} rrgb sm l .60
[14:04] {Threei}  esearch in Motion Ltd Said to be in discussions over a music service for Blackberry products; has signed a deal with one of the major record labels and in discussions with two others - financial press
[15:01] {Threei}  here come new lows
[15:01] {dino} stop rrgr -.25
[15:02] {patience} wow, making some money, also short x and tck
[15:05] {dino} gj
[15:45] {Threei}  guys, is video at playing normally for you?
[15:46] {larisa} yup
[15:46] {nemo} no, says try again later idiot
[15:46] {nemo} well the last was an embellishment
[15:46] {Threei}  that's how it's intended to work nemo
[15:46] {RonS} ok here
[15:46] {Threei}  ty
[15:46] {nemo} nice
[15:47] {larisa} your accent is not getting any better :)
[15:47] {RonS} some dude w/ a funny accent was on though...
[15:47] {Threei}  nope
[15:47] {nemo} yeah looks good, heard you buy or sell
[15:47] {Threei}  need to make a cursor visible...
[15:48] {RonS} show a picture of nemo...he's a curser...
[15:48] {nemo} I respect that...
[15:49] {Threei}  sorry, can't help anyone who doesn't loike my accent - that's the only one I have
[15:49] {larisa} it is very understandable though :)
[15:49] {Threei}  hmmm... I need to work on that then
[15:49] {nemo} yeah, to another russian
[15:50] {larisa} lol
[15:51] {Threei}  despite very solid fall today, close is still near the lows, with little covering
[15:51] {nemo} op ex
[15:52] {nemo} frickin' spy going for vwap
[15:55] {dino} just went up 100 pts in inutes
[15:55] {dino} minutes
[15:55] {Threei}  yeah
[15:55] {Threei}  no nerws
[15:55] {Threei}  news
[15:56] {nemo} short covering
[15:56] {Threei}  just some short covering I guess
[15:56] {Threei}  and even with this spike, still finishing at -400
[15:57] {Threei}  larisa... any chance I'd get you to bet on a green close?
[15:57] {larisa} I may be blonde, but not idiot :)
[15:58] {Threei}  well, I know that, I was just hoping for sudden bout of generocity
[15:58] {Threei}  generousity?
[15:59] {Threei}  ok guys, thank you, have a great evening
[16:00] {Threei}  see you tomorrow for another exciting day
[16:00] {Threei}  today was not boring
[16:00] {larisa} bye :)
[16:00] {patience} ty vad, good day for me
[16:00] {nemo} had 50% more volume in the last 15 minutes than any other 15 minute period today