Monday, December 12, 2011

Dec 12 2011

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6 calls, 5 wins. No complaints here. End of day little bounce doesn't change anything - I still see Friday rally as Sienflied one - rally about nothing. 

Session Time: Mon Dec 12 00:00:00 2011
[09:01] {Threei}  INTC *CUTS Q4 REV
[09:01] {Threei}  $13.7B V $14.7B
[09:15] {jakob} good morning
[09:16] {Threei}  morning jakob
[09:16] {dino} gm all
[09:16] {Threei}  dino :)
[09:17] {swill} morning
[09:17] {Threei}  swill :)
[09:17] {Threei}  as we suspected on Fri, that was Sienfield rally
[09:19] {ese} morning
[09:20] {Threei}  ese :)
[09:20] {ese} vad
[09:20] {Threei}
[09:21] {Threei}  and, wen action slows down and you have a few min to relax,
[09:21] {Threei}
[09:22] {Threei}  gold is getting hit hard
[09:23] {ese} i'm not on facebook.......
[09:24] {ese} might be the only one on the planet not on it
[09:24] {Threei}  hehe
[09:24] {Threei}  hold on, I'
[09:24] {Threei}  ll repost first one
[09:24] {Threei}  Latest, and I believe the last update on the chart pattern recognition course:
[09:24] {Threei}  The content is fully done; training videos are being compiled, the technology is chosen - it will be flash videos, 1024x768, viewable online. The whole thing should be online and running within a week. By the look of things as of today, before the next weekend... if anything goes wrong, then over the weekend. Review the introduction at
[09:25] {Threei}  Now, for the good news...there will be a 10% discount for the first two weeks after launch for Facebook visitors. Coupon will be posted right here, immediately after launch announcement. Stay tuned! Also...
[09:25] {Threei}  trading room members will receive 50% discount; BVO buyers will receive 30% discount. If you planned to become one or the other, NOW is the time.
[09:25] {Threei}  end
[09:25] {RonS} hello everyone
[09:25] {ese} ron
[09:25] {Threei}  ron :)
[09:25] {Threei}  second, when you have time:
[09:25] {Threei}
[09:28] {Threei}  I have no clear idea for the first trade
[09:29] {Threei}  will skip a few min
[09:31] {Threei} Short Setup: FCX  .70 break half lot
[09:31] {Threei}  aww, late
[09:31] {Threei}  don't chase
[09:31] {Threei}  let's see if it bounces for entry
[09:31] {Threei}  I doubt it was possible to execute anyway
[09:32] {ese} L TVIX .52
[09:32] {Threei} Long Setup:  SLW  .35 break
[09:33] {ese} out TVIX .72 +.19
[09:33] {Threei}  invalidated
[09:33] {ese} my word...took off like a bat out of hell
[09:35] {Threei}  JPM
[09:35] {Threei}  watching for bounce
[09:35] {Threei} Long Setup:  JPM  .10 break
[09:35] {ese} out TVIX .71 not .72
[09:35] {Threei}  if stays above 32
[09:36] {Threei}  target 1:2
[09:36] {Threei}  1:1
[09:36] {Threei}  half out
[09:36] {Threei}  scalpers know what to do
[09:36] {Threei} Long Setup:  FCX  .45 break
[09:36] {Threei}  if stays above .35
[09:37] {Threei}  change to aggressive, .40 break
[09:37] {Threei}  if stays above .30
[09:38] {Threei}  JPM 1:2
[09:38] {Threei}  FCX 1:1
[09:40] {Threei}  out FCX in full
[09:42] {Threei} Short Setup: SLW  .80 break
[09:44] {Threei}  cover half here near .70
[09:44] {Threei}  .91 stop for the balance
[09:44] {Threei}  .91 sorry
[09:44] {Threei}  .81
[09:45] {Threei}  sheesh
[09:45] {Threei}  fat fingers
[09:45] {Threei}  and crossed eyes
[09:45] {Threei}  and general lack of coffee in the organism
[09:46] {Threei}  scalpers win
[09:51] {pragmatic} btw, ty
[09:51] {Threei} Short Setup: RIMM  .30 break if stays under .30
[09:51] {Threei}  yw
[09:51] {pragmatic} 4 wins
[09:51] {Threei}  RIMM looks so miserable
[09:51] {Threei}  4? I called 3
[09:51] {Threei}  how do you beat basic math? :)
[09:52] {pragmatic} right, 3 :(
[09:52] {Threei}  when... my world is intact :)
[09:52] {Threei}  whew
[09:52] {Threei}  speaking of RIMM... anyone read the news over weekend, where two RIMM executives chewed through restraints on the plane?
[09:52] {Threei}  that was beyond hilarious
[09:54] {pragmatic} have the link handy ?
[09:54] {Threei}
[09:56] {Threei}  looking at my RIMM call... no one even asked?
[09:56] {Threei}  .25 break
[09:56] {Threei}  short here
[09:56] {Threei}  stop above .30
[10:03] {Threei} Long Setup:  NU  .20 break
[10:04] {Threei}  if stays above .15
[10:04] {Threei}  aim to start covering RIMM near .15
[10:05] {Threei}  unless you are playing ese size... then it's just a scalp type I
[10:06] {ese} I like the look of that
[10:07] {Threei}  daily chart looks like your worst nightmare
[10:08] {Threei}  market reversal may save it here but it's worth 5-6 cents risk
[10:13] {Threei}  NU, half out here
[10:13] {Threei}  1:2
[10:13] {Threei}  scalpers get out
[10:13] {Threei}  thanks to supertight stop, we can afford luxury of exiting at 1:2 instead of 1:1
[10:18] {ese} nice call with NU vad
[10:19] {Threei}  ty
[10:20] {Threei}  RIMM half ot
[10:20] {Threei}  that's 5 for 5 today
[10:23] {swill} you can go home now
[10:24] {Threei}  no really?
[10:24] {Threei}  this will be a first time in like ever that I got such permission
[10:29] {Threei} Short Setup: SLW  .60 break
[10:30] {Threei}  if stays under .70
[10:32] {ese} L EDZ .72 1/2
[10:32] {ese} should be a slow climb to .00 if the mrkt helps it
[10:35] {ese} hmmmmmm out EDZ .74 +.02
[10:36] {ese} just realized what the symbol was bear 3X
[10:36] {ese} oops
[10:37] {RonS} lol
[10:37] {RonS} this just in from bloomberg news...Biggs stays bullish on socks
[10:38] {RonS} means 3i works there?
[10:38] {ese} whose Biggs?
[10:38] {RonS} sheesh...socks not stocks...
[10:38] {Threei}  no go SLW
[10:39] {ese}'s winter man.....he should be bullish on socks
[10:39] {Threei}  hmmm
[10:39] {Threei}  trying to track the logic
[10:40] {ese} thick wool socks no less
[10:40] {Threei}  SLW rinse?
[10:40] {Threei}  grr
[10:40] {RonS} nflx wtf...
[10:40] {ese} whoa......look at that
[10:40] {Threei}  Netflix Inc Hearing subsequent chatter from M&A blog now that Verizon could be considering a bid for the company
[10:41] {RonS} AMZN buyout rumor
[10:41] {Threei}  Euro vs US Dollar Nearing 1.3210 area, the 18 month support line and Nov low- USD index near the highest levels of the session
[10:43] {RonS} qotd:  So I guess $NFLX is the safety trade today
[10:44] {Threei}  lol
[10:49] {ese} it's got me lookin at it
[10:49] {ese} wanna grab a bounce here somewhere
[10:57] {ese} L nflx sm .48
[10:59] {ese} out nflx . 84
[10:59] {ese} +.36
[11:00] {Threei}  wtg
[11:01] {ese} am getting decent fills these days......i wonder whats up with questrade........usually there a humongus screw up
[11:10] {Threei}  market frozen solid
[11:16] {ese} indeed
[11:18] {Threei}  next leg down... so slowly, almost impossible to tarde it
[11:21] {_morris541} slow motion
[11:21] {Threei}  tough to turn it into trade when there is no pace change
[11:24] {Threei}  don't see any news
[11:25] {Threei}  just shows the daner of taking short position in boring market
[11:27] {RonS} hal barely budged...
[11:35] {Threei}  Commerzbank AG Said to have been holding "intense" discussions with German govt over recent days in regards to state financial aid - financial press
[11:37] {dino} sprd sm l .50
[11:49] {Threei}  Fitch comments on EU summit
[11:50] {Threei}  let me post whole thing
[11:50] {Threei}  (EU) Fitch comments on Euro summit; did little to reduce pressure on sovereign debt; only true firewall is access to ECB balance sheet- Fitch Ratings says after the latest EU crisis meeting it is clear that politicians are responding to the eurozone sovereign debt crisis through incremental improvements. It seems that a "comprehensive solution" to the current crisis is not on offer - Taking the gradualist approach imposes additional economic and financial costs compared with an immediate comprehensive solution. It means the crisis will continue at varying levels of intensity throughout 2012 and probably beyond, until the region is able to sustain broad economic recovery - The latest EU Summit, like others before it, has resulted in some positive developments. There is an extra EUR200bn of funding for the IMF, the ESM has been brought forward, and there has been policy change on private-sector involvement in any future sovereign crisis - We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:51] {Threei}  this last sentence is the key
[11:51] {Threei}  We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:52] {Threei}  first, ECB so far refuses to do it (and with good reason)
[11:52] {Threei}  and second, if it doesn, it only digs a deeper hole
[11:52] {Threei}  is it does
[11:53] {dino} filled dji and ndx thurs gaps
[11:54] {Threei}  looking at the combination of the news flow and price movements,
[11:54] {Threei}  the worst thing is not even the drop itself
[11:54] {RonS} acom
[11:55] {Threei}  but that it comes after all-important and so much hoped for Friday summit
[11:56] {dino} pretty good drop
[11:56] {Threei}  Euro vs US Dollar Breaks to session lows below 1.3200
[11:56] {Threei}  49% of GOP voters see Gingrich as strongest General Election candidate, 24% say Romney
[11:56] {Threei}  wow
[11:56] {Threei}  hate to say, I didn't see it coming
[11:56] {Threei}  have
[12:06] {dino} sm l csh .51
[12:26] {RonS} what day is it?
[12:26] {RonS} oh, it's every day...
[12:26] {Threei}  mm... mmm... mmmmonday... why?
[12:27] {RonS} Barack Obama and Iraqi PM Nouri al-Maliki hold a joint press conference
[12:27] {Threei}  lol
[12:27] {Threei}  you are mean
[12:27] {Threei}  speaking of mean... where is nemo
[12:28] {RonS} him not being here is really mean...
[12:28] {Threei}  very
[12:28] {Threei}  him being here makes us all look better
[12:28] {RonS} lol
[12:29] {Threei}  so by not being here he makes us look worse, thus it's mean
[12:29] {Threei}  there... what a immaculate logic chain
[13:04] {RonS} well slap my forehead...i never realized...BOC CARNEY: reiterates Canada companies must lead to economic growth. Weak demand could lead to defaults, social unrest.
[13:06] {Threei}  hmmm
[13:06] {Threei}  this is deep
[13:20] {Threei}  LOL:
[13:20] {Threei}  Oh, great. Just great. Monday arrives on a Monday this week.
[13:25] {Threei}  new lows or bounce?
[13:25] {RonS} bounce then new lows
[13:26] {Threei}  with selloff into eod? that's what I thought
[13:31] {_morris541} its seemed trying to bounce for last couple of hours but not managed so far
[13:31] {patience} good morning
[13:31] {Threei}  true
[13:31] {Threei}  but haven't made new lows either
[13:31] {Threei}  fragile balance
[13:32] {_morris541} though seems exhausted a bit on the downside too
[13:32] {Threei}  morning patience
[13:32] {dino}   never short a dull tape
[13:32] {Threei}  right
[13:32] {Threei}  thus staying inactive for now
[13:32] {patience} bought tza at 5:15 this morning though dino, went back to sleep, made a nice profit
[13:33] {dino} gj
[13:33] {dino} i'm struggling a bit, too many distractions
[14:00] {Threei}  - Receipts: $152.4B v $148.9B y/y
[14:00] {Threei}  - Outlays: $289.7B v $299.36B y/y
[14:07] {patience} in tza
[14:15] {RonS} unusual time for eur to go to new lows
[14:15] {Threei}  Euro vs US Dollar Extending decline below $1.3170; 1-month lows
[14:16] {Threei}  1.321 was widely considered a critical support
[14:19] {RonS} rather confusing that the vix is not up more...
[14:19] {Threei}  somewhat, yeah
[14:19] {Threei}  not sure what gives
[14:20] {dino} pretty much a gap and sit, maybe thats why
[14:36] {patience} tza reaching for 29
[14:36] {Threei}  daily has nicely outlined resistance at 30, and by the look of things it's going to be taken tomorrow
[14:37] {Threei}  or we will gap over it
[14:37] {Threei}  barring news of course
[14:47] {patience} out tza, just booking the profit
[14:49] {Threei}  BA increased dividend
[15:12] {Threei}  volume spike... with no movement
[15:13] {swill} does that mean balance?
[15:14] {RonS} ...only in yoga?
[15:14] {RonS} or food eating contest?
[15:15] {swill} lol
[15:15] {RonS} :)
[15:16] {Threei}  lol
[15:18] {dino} out sprd .04, +.54
[15:20] {patience} dino, dcc please
[15:26] {Threei}  were do these little piske are coming from
[15:26] {Threei}  spikes
[15:26] {Threei}  no news
[15:27] {RonS} nervous shorts?
[15:27] {Threei}  could be
[15:34] {Threei}  (JP) Japan LDP opposition party leader Ishihara: Japan should consider building a military base on Senkaku islands to counter increasing China assertiveness on the South China Sea - financial press- Says: "Emboldened by its new economic weight and growing military might, China's proclamations of its 'peaceful rise' appear more and more at odds with the emerging reality."
[15:34] {Threei}  great
[15:37] {RonS} dino, gpor needs to go back on the watchlist
[15:41] {Threei}  still no news
[15:41] {Threei}  I assume short squeeze
[15:47] {dino} was looking at that earlier ron, you are right
[15:47] {dino} hitk strong today
[15:49] {patience} bought more gold
[15:52] {Threei}  as far as squeezes fo, this one is a very mild
[15:52] {Threei}  reluctant I'd say
[15:54] {Threei}  boring afternoon aside, good day
[15:54] {Threei}  5:6
[15:55] {Threei}  techincally speaking gold doesn't look good
[15:56] {dino} looks like 1600 supp coming
[15:59] {Threei}  thank you all
[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {patience} ty
[15:59] {dino} out csh .88, +.38
[16:00] {Threei}  nice last hit dino
[16:00] {swill} thank you Mr. vad