Nice day with three winning trades in a row in the afternoon making most of the profit. Somewhat unusual as we normally make most of the money in the morning.
Session Time: Wed Feb 01 00:00:00 2012
[09:04] {dino} gm
[09:07] {stewy} gd morning
[09:07] {dino} value added research call of the day, wunderlich starts ppo at sell, thanks as it dropped 21 pts in day and half
[09:08] {Threei} morning
[09:08] {Threei} lol
[09:08] {stewy} looks like it went for that gap someone called yesterday
[09:09] {dino} i mentioned it
[09:10] {stewy} and now it's up in premkt
[09:14] {ese} gm
[09:14] {Threei} ese :)
[09:23] {RonS} gm...qotd from josh brown: I like my martinis like I like my leading economic indicators - Baltic and Dry
[09:23] {Threei} ron :)
[09:23] {beau} good morning
[09:23] {Threei} beau :)
[09:27] {dino} lol ron
[09:27] {RonS} ese...sprd might be something for you: Spreadtrum's Baseband Platform in Samsung's Galaxy Note for China Subscribers - Shares up 6.5% in Pre-Bell
[09:31] {Threei} Long Setup: FCX .80 break half lot
[09:31] {Threei} if stays above .70
[09:31] {Threei} no chance
[09:32] {dino} vsm l ppo .50
[09:32] {Threei} don't try on pullback
[09:33] {Threei} Long Setup: SLW .40 break
[09:33] {Threei} if stays above .30
[09:33] {Threei} invalidated
[09:36] {MigC} good morning
[09:36] {Threei} Long Setup: SLW .05 break
[09:36] {Threei} Migc :)
[09:36] {Threei} 1:1
[09:37] {dino} out ppo .25, +.75
[09:37] {stewy} 1;1 slw
[09:37] {Threei} wtg
[09:37] {dino} whippy sob
[09:39] {Threei} Long Setup: FCX .85 break
[09:39] {Threei} if stays above .80
[09:39] {Threei} scalping stop but not scalping target
[09:40] {Threei} 1:3 if works
[09:41] {Threei} ready to explode
[09:42] {Threei} Long Setup: SLW .90 break
[09:42] {Threei} come on SPY, little help
[09:45] {Threei} no go FCX
[09:45] {dino} wcg spike, thinny
[09:45] {Threei} SLW 1:1
[09:47] {Threei} FCX rinse
[09:47] {dino} cvlt drop
[09:48] {beau} SLW scalp 1:1, thx vad
[09:48] {Threei} :)
[09:48] {dino} cvlt sm l .27
[09:48] {Threei} Long Setup: LVS .40 break
[09:48] {rambler} morning all....had login troubles this am...
[09:48] {Threei} rambler :)
[09:49] {Threei} stop under .35
[09:49] {rambler} how goes the battle....?
[09:50] {Threei} half out .47
[09:50] {Threei} stop to .39
[09:50] {dino} out cvlt .12, +.87
[09:51] {Threei} so far so good
[09:52] {Threei} scalpers win
[09:53] {thomcbell} wll - 50.55 break 1/2 lot
[09:55] {Threei} (IT) Fitch analyst Riley: Reiterates view that success or failure of Euro is dependent on Italy; Italy should focus on growth - NY conference comments
[09:55] {Threei} - Believes that Greece will default but will stay in the EMU
[09:56] {dino} they have already defaulted w/70% haircut
[09:56] {Threei} Long Setup: X .80 break half lot
[09:56] {thomcbell} wll 1:1
[09:57] {Threei} yeah, they should rephrase that to "believes that Greece default will be allowed to name as such"
[09:58] {Threei} no go X
[09:58] {dino} x stop -.12
[09:59] {Threei} rinse most likely but...
[09:59] {Threei} no, not rinse
[10:00] {Threei} Long Setup: SLW .06 break
[10:00] {Threei} if stays above .95
[10:01] {Threei} *(US) DEC CONSTRUCTION SPENDING M/M: 1.5% V 0.5%E
[10:01] {Threei} wow
[10:02] {Threei} what the deuce
[10:03] {stewy} dang slw
[10:03] {Threei} X, still rinse... grrr
[10:03] {Threei} what's with these wierd SPY spikes
[10:04] {thomcbell} 50.19 stop on wll
[10:05] {Threei} Long Setup: TZA .80 break
[10:05] {Threei} invalidated
[10:05] {thomcbell} lvs getting interesting
[10:06] {Threei} Long Setup: TZA .75 break
[10:08] {dino} ppo vsm l .50
[10:08] {Threei} change to .70 break
[10:09] {dino} 43.15 pivot
[10:10] {Threei} no news
[10:10] {Threei} change to .65 break
[10:11] {Threei} out
[10:11] {Threei} another market spike is coming
[10:13] {ese} L ree .02
[10:14] {ese} opps sorry thats .05
[10:14] {RonS} lol...Ancestry dot com is one of the worst dating sites I've ever seen
[10:14] {Threei} lol
[10:14] {Threei} jnc
[10:15] {ese} historical dating or actual dating
[10:15] {JohnH} dating your mama
[10:15] {Threei} never mind, wrong symbol
[10:17] {thomcbell} wll next offer is 50.85
[10:20] {Threei} Long Setup: LVS .60 break
[10:20] {Threei} got away
[10:21] {Threei} if anyone got it by some miracle, exit here
[10:23] {Threei} Long Setup: TZA .50 break
[10:23] {Threei} if stays above .45
[10:24] {Threei} invalidated but on radar
[10:25] {dino} 07 green
[10:25] {Threei} if SPY fails to break .80, top is in
[10:26] {Threei} Long Setup: TZA .40 break
[10:26] {Threei} stop under .35
[10:27] {Threei} target .55
[10:30] {Threei} changing target to .65
[10:30] {Threei} three partials
[10:30] {Threei} first here
[10:30] {Threei} out 1/2 .48
[10:31] {Threei} stop to .39
[10:31] {Threei} second around .55, third above .60
[10:32] {thomcbell} out wll
[10:34] {dino} uso killed it tbell
[10:34] {Threei} plenty of oil in reservours
[10:34] {Threei} we are practically swimming in stuff
[10:38] {JohnH} but they print money to buy it faster
[10:39] {dino} out ppo .30, +.80
[10:43] {Threei} wtg
[10:43] {stewy} "stop to .39" = sell at .38?
[10:44] {Threei} I usually sell at .39 in such cases but only if selling really appears, not just on 1-2 100 shares prints
[10:44] {Threei} like now
[10:44] {Threei} out
[10:44] {stewy} ok
[10:45] {stewy} tza trades did me in today
[10:45] {stewy} see you tomorrow.
[10:45] {ese} am outta here to teach a class.....still long ree .05 and will probably do more end of day to avg it out somewhere.....why .....because I like the look of the daily
[10:45] {ese} cya
[10:46] {Threei} there was 1 stop on TZA?
[10:46] {Threei} 1 win, and a few invalidations
[11:03] {Threei} SLW, watcing for long entry on pullback
[11:03] {Threei} closer to 36
[11:04] {Threei} Long Setup: SLW 36 break
[11:05] {Threei} .95 break
[11:05] {Threei} stop under .90
[11:07] {Threei} just a scalp most likely, want to exit into spike after 36 break
[11:07] {Threei} out
[11:23] {thomcbell} ftnt 24.91 break
[11:24] {thomcbell} if holds 24.84
[11:30] {Threei} LVS
[11:31] {Threei} I like .90 break but don't want to buy a break itself
[11:31] {Threei} too high odds of rinse at this time of the day
[11:31] {Threei} if pulls back to .80 - .83 will try for aggressive entry
[11:31] {Threei} and if breaks, will watch for rinse to buy the low of it
[11:32] {thomcbell} fcx 46.52 break
[11:32] {thomcbell} target 2:1
[11:32] {Threei} I hope you mean 1:2 :)
[11:33] {andj} Good morning...
[11:33] {Threei} morning andj
[11:37] {thomcbell} fcx if holds 46.43
[11:38] {Threei} anyone got LVS near .80, sell half here
[11:38] {Threei} stop to .79, and hold for a break
[11:41] {thomcbell} in fcx srtop is 46.42
[11:43] {Threei} wtg
[11:43] {Threei} if fo no other reason, EU should break down to excite markets and make trading more interesting
[11:47] {thomcbell} yes 1:2 Sensai
[11:47] {RonS} lol...Obama Furious With Banks For Not Lending To Potential Facebook Shareholders
[11:47] {Threei} lol
[11:47] {thomcbell} thomc hits fcx with 2x4
[11:48] {Threei} violence works
[11:48] {Threei} lol
[11:48] {thomcbell} 1:1 in agony
[11:49] {RonS} rotflol...MTV Readies "16 and Pregnant and Long Facebook" for Summer Debu
[11:50] {Threei} I like guy's sense of humor but I can't stop wondering... does he have any time to trade? :)
[11:53] {thomcbell} ftnt trying - still there
[11:59] {thomcbell} sold 1/2 fcx at 46.62 balance has stop at 46.52 break even
[12:01] {Threei} LVS, original plan is back in pklay
[12:01] {Threei} if breaks .90, let it go and let's see if it rinses hard so we get the bottom
[12:02] {Threei} if you are very tempted by the break, take scalp on first signs of weakness
[12:04] {thomcbell} nxpi 22.21 break half lot
[12:04] {thomcbell} nice pattern in 10 min and 1 min
[12:04] {thomcbell} ftnt 1:1
[12:04] {Threei} nice
[12:05] {thomcbell} using day high as a target
[12:06] {dino} gj
[12:07] {thomcbell} nxpi I am in but using a very tight stop at 22.11
[12:07] {andj} are you more cautious about trades when economic news comes out?
[12:07] {Threei} usually we try to stay flat at time of numbers publishing
[12:08] {andj} what is flat?
[12:08] {Threei} no position, in cash
[12:09] {RonS} hearing Greeks saying debt deal hours away...
[12:10] {Threei} by deal they mean "we just shot them all, that was easier than get them to agree"
[12:11] {dino} when you are out of money you hope deal in hours
[12:11] {dino} and i still say the fully default this summer. but first they want the last pmt
[12:13] {Threei} you are optimist
[12:14] {Threei} no way they drag it till summer
[12:14] {Threei} I'll be surprised if they manage to make it beyond Feb
[12:15] {dino} meli sm l.50 gappy
[12:16] {Threei} thimc, I'd trail FCX to .54 now
[12:16] {Threei} and to .59 when it makes couple more upticks
[12:17] {thomcbell} agreed thanks
[12:17] {thomcbell} thing is like a dental cdleaning
[12:17] {dino} spy going to break thru the hod like a taggart train on reardon steel
[12:19] {dino} out meli .82, +.32
[12:19] {dino} .81/.51
[12:21] {Threei} lol
[12:21] {Threei} I think you watched that movie eh
[12:22] {dino} not yet
[12:22] {dino} thiught more of the group would get that one
[12:23] {Threei} Microsoft Corp Considering some restructuring activites to reduce number of divisions to 6 from 60 currently; significant layoffs to occur (update)
[12:23] {Threei} that's some restructuring
[12:28] {thomcbell} big offers on ftnt at 25.10 not scaring the accumulators
[12:28] {thomcbell} but selling a 1/4 here
[12:29] {thomcbell} i will buy stop 25.11 however
[12:29] {thomcbell} trading great on massive volume on earnings
[12:34] {thomcbell} 1:3 ftnt
[12:34] {Threei} wtg
[12:34] {thomcbell} tu
[12:37] {thomcbell} FCX 1:2 at 46.72
[12:37] {thomcbell} ftnt 1:4 sold another 1/4
[12:37] {thomcbell} nxpi stopped
[12:39] {thomcbell} fcx stop on remaining quarter to 46.65
[12:40] {dino} gj
[12:41] {thomcbell} ftnt 1:5
[12:42] {thomcbell} another sale here ftnt
[12:42] {thomcbell} last piece with 25.33 stop
[12:45] {thomcbell} out ftnt
[12:46] {Threei} Short Setup: LVS .90 break if stays under .95
[12:46] {Threei} alternatively just short it here with 3 cents stop, LOL
[12:48] {thomcbell} fcx stop to 46.73
[12:48] {thomcbell} jason and alec berman used to trade it
[12:51] {thomcbell} disregard sorry
[12:56] {Threei} lol
[12:56] {Threei} Punxsatawny Phil to See Six More Weeks of Facebook "Breaking News"
[13:02] {Threei} 48% Give #Obama Positive Marks On Leadership
[13:03] {Threei} it may be high time for me to return to Titan
[13:03] {Threei} I clearly don't get this planet
[13:04] {Threei} Federal Deficit For 2012 Closer to $4 Trillion Rather Than Official Estimate of $1.1 Trillion
[13:04] {Threei} that's leadership, allright
[13:10] {thomcbell} ftnt
[13:11] {RonS} lvs pop
[13:11] {thomcbell} we have to keep looking for long entries in this one
[13:11] {Threei} (EU) EU said to be considering easing rules on banks liquidity - financial press
[13:11] {Threei} I guess this just pushed ,arkets higher
[13:13] {thomcbell} dino - please let me know when to buy a washout in eqix
[13:13] {dino} well, why not, they already count other eu countries debt at par, sheesh
[13:14] {dino} washout? it's up
[13:14] {thomcbell} within an up stock a washout down ?
[13:14] {dino} would want 117.07 s3
[13:15] {thomcbell} ok
[13:15] {thomcbell} thanks
[13:15] {dino} not really my edge. i like capitulation drops, 2+ in seconds or euphoric spikes, 2? in seconds
[13:16] {dino} but everybody has their own edge, so who am i to say...
[13:21] {dino} back in 30
[13:39] {Threei} amazingly enough LVSD climbs even higher
[13:43] {Threei} lol... few hours they said?
[13:43] {Threei} (GR) IIF: Discussions continue; hopeful more details of package can come together over course of next few days
[13:43] {Threei} uhhu
[13:45] {Threei} hopefully this marks the top so we could start hunting for short setups
[13:47] {Threei} Short Setup: LVS .30 break
[13:47] {Threei} if stays under .40
[13:48] {Threei} target 1:2
[13:50] {Threei} 1:1
[13:50] {Threei} ha;f out, stop to .31
[13:57] {Threei} 1:2
[13:57] {Threei} out
[13:57] {Threei} finally nice one on a short side
[14:01] {dino} sm s man .99
[14:02] {dino} cov .59, +.40
[14:02] {dino} too soon
[14:03] {Threei} no such thing in this market
[14:03] {dino} good point
[14:03] {Threei} everyting turns on a dime
[14:03] {Threei} percet of scalps vs bigger trades is very high
[14:04] {dino} better point
[14:07] {Threei} Short Setup: LVS .15 break
[14:07] {Threei} stop .22
[14:07] {Threei} 1:1
[14:18] {dino} ppo spike
[14:20] {dino} wow clvt, at 51 and i sold 45
[14:21] {dino} cvlt i mean
[14:23] {Threei} wow LVS
[14:25] {Threei} that was one short I wish I forgot to cover
[14:30] {Threei} Short Setup: SLW .40 break
[14:32] {Threei} if stays under .45
[14:34] {Threei} invalidated but on radar
[14:35] {Threei} Short Setup: SLW .45 break
[14:35] {Threei} if stays under .50
[14:43] {andj} at what point did you know that SLW was just invalidated?
[14:43] {Threei} condition was:
[14:43] {Threei} [14:32] {Threei} if stays under .45
[14:43] {Threei} so as it went above that price, setup was invalidated
[14:44] {andj} how did you choose .45 as the condition?
[14:44] {Threei} it consolidated under that for a while making it a resistance
[14:47] {Threei} 1:1
[14:48] {Threei} 1:2, out
[14:48] {Threei} 3rd win in a row in the aftrenoon
[14:48] {Threei} rather unusual
[14:52] {Threei} anyone's breathing?
[14:52] {andj} is resistance really just buyers refusing to pay a higher price?
[14:52] {andj} good job
[14:52] {Threei} yes, and sellers insisiting on selling at that level without budging
[14:52] {dino} gj
[14:53] {Threei} ty
[14:53] {dino} 'swm drop
[14:54] {dino} swm vsm l .35
[14:56] {dino} out 66.32, +2.97
[14:56] {dino} lol day maker
[14:57] {Threei} wtg
[14:57] {Threei} very nice
[14:57] {dino} lucky
[14:57] {dino} watch for retest
[14:59] {dino} dropping
[15:00] {dino} vsm l .63.95
[15:00] {Threei} SWM ITC said to have ruled Glatz has not violated Schweitzer's cigarette paper patent - financial press
[15:00] {Threei} not sure I understand this:
[15:00] {Threei} (EU) Euro zone considering lowering loans on original Greece bailout as part of any PSI deal - financial press
[15:01] {dino} out swm .55, -.40
[15:03] {dino} swm gap 59.70s
[15:05] {RonS} swm spread beyond hooker wide...
[15:07] {dino} lol
[15:07] {RonS} egypt so much better off these days...71 died in soccer riot...
[15:08] {dino} not sure about it, thought it would go to gap like ppo yesterday
[15:08] {RonS} swm reports ah...
[15:09] {dino} thx
[15:13] {dino} cglx drop
[15:13] {RonS} ?
[15:13] {dino} ?
[15:13] {dino} clgx
[15:14] {dino} 12.95 looks like prior gap
[15:14] {RonS} $CLGX negative Dealreporter : PE buyers not interested in takeover
[15:15] {dino} higher low
[15:15] {dino} ok thx
[15:21] {Threei} Short Setup: LVS .93 break
[15:21] {Threei} if stays undeer 50
[15:23] {Threei} invaLIDATED
[15:50] {Threei} ok guys, thank you sll
[15:50] {Threei} have a good evening, see you tomorrow
[15:57] {dino} cya all
[15:57] {Threei} hard drop
[15:57] {Threei} no news
