Monday, February 13, 2012

Feb 13 2012

Meh. A lot of back and forth, ending around flat to just barely positive. One of those days that make a broker happy.
Session Time: Mon Feb 13 00:00:00 2012
06[08:27] * Les slaps nemo around with his weekend prognostication
[08:27] {Les} sit on that
[08:28] {nemo} oooohhhhhhh...hit it on the head, like that was really prescient after the Friday double bottom
[08:28] {Threei}  the week has started I see
[08:29] {nemo} all is normal...Les is being a sheila
[08:30] {nemo} Having said that...Vad think I told you how we now have access to another hi-speed broadband vendor
[08:30] {Threei}  yes?
[08:31] {nemo} So, a few months ago, I called the present one, through whom we also get tv and phone, and ask, since we've been such a long term customer, and this new vendor will soon come here, would you like to reward us for our patronage
[08:31] {nemo} They say we will neither lower nor match their prices
[08:31] {nemo} o.k.
[08:31] {nemo} So, my vendor has a habit of raising rates in January
[08:31] {Threei}  how much is the package a month?
[08:32] {nemo} Then you call them and they tell you you qualify for this plan that lowers your rate
[08:32] {nemo} So, I call last week to pre-empt the rate increase
[08:32] {nemo} They tell me my rates are going up next month
[08:32] {nemo} I say to them, you do know you have competition that is already a bit cheaper than you, and you want to raise rates?
[08:33] {nemo} Your rates are going up next month
[08:33] {nemo} with taxes and fees about $160 amonth
[08:33] {Les} yuk
[08:33] {nemo} Now that's customer service
[08:33] {Threei}  wow... that's a lot
[08:34] {nemo} Yup...everything is expensive in Taxachusetts
[08:34] {nemo} So, I'm arranging to leave now
[08:36] {Threei}  for comparison... hi-speed internet with 50MBps dl and 400 GB per month limit, TV with HD and DVR thrown in and phone with whole lot of features and free calling over NA costs me around 120/month
[08:36] {nemo} we have a ton of taxes and fees tacked on
[08:41] {nemo}
[08:41] {Threei}  lol
[08:41] {Threei}  saw that yesterday
[08:45] {nemo} thank god
[08:45] {Threei}  lol
[08:47] {nemo} solar stocks gapping up again
[08:47] {Les} Are those real Jordan?
[08:48] {nemo} I would venture, "yes"
[09:06] {Threei}  (EU) EU official: See Eurogroup deciding on Greek package as a whole at the Wed, Feb 15th meeting - financial press
[09:07] {Threei}  yeah, as if there is any doubt how they decide
[09:07] {Les} hmmm you think they could tell em to go jump?
[09:08] {MigC}  good morning
[09:08] {Threei}  heh
[09:08] {Threei}  Migc :)
[09:08] {Threei}  I wish Greece would
[09:08] {Threei}  but whatever, it won't fulfill its obligations anyway
[09:11] {stewy} gd morning vad
[09:12] {Threei}  stewy :)
[09:21] {nemo} yep...sitting on hands, palms up
[09:21] {Threei}  trying to make up my mind about direction
[09:23] {nemo} that tells you somethin' right there
[09:23] {Threei}  chuck norris backs new gingrich
[09:24] {Threei}  newt
[09:24] {Threei}  thought it was deciding factor
[09:24] {Threei}  general election will be decided by lady gaga I think
[09:25] {rambler} morning...
[09:25] {Threei}  rambler :)
[09:27] {Threei}  will skip first minutes
[09:27] {Threei}  too unclear
[09:27] {dino} gm
[09:27] {nemo} you've been saying that
[09:27] {Threei}  dino :)
[09:29] {Threei}  btw, heard from patience
[09:29] {Threei}  family thing... keeps her too distracted for the tinme being
[09:30] {Threei}  FCX sharp drop
[09:30] {Threei}  watching for bounce setup
[09:31] {Threei}  SLW for short
[09:32] {Threei} Short Setup: SLW  .70 break
[09:32] {Threei}  if stays under .80
[09:33] {dino} give patience my best
[09:33] {Threei}  ty, I will
[09:33] {nemo} your best what?
06[09:33] * Les slaps nemo
06[09:33] * nemo slaps Les with a large digiridoo
[09:33] {Threei} Long Setup:  FCX  .30 break
[09:34] {Threei}  SLW 1:1
[09:34] {Threei}  FCX change to .25 break
[09:35] {nemo} if slw is a short, why would fcx be a long?
[09:35] {Threei}  SLW 1:2, out
[09:35] {Threei}  invalidated
[09:35] {Threei}  on radar still
[09:35] {Threei} Long Setup:  SLW  .20 break
[09:36] {Les} ?
[09:36] {stewy} ?
[09:36] {Threei}  sigh
[09:36] {Threei}  never mind
[09:36] {Threei} Long Setup:  FCX  .20 break
[09:37] {Threei}  if stays above .10
[09:37] {Threei} Long Setup:  SLW  .60 break
[09:37] {Threei}  if stays above .50
[09:38] {dino} wynn sm l .00
[09:39] {Threei}  SLW target 1:2, FCX - 1:3
[09:39] {dino} qcor sm l .75
[09:41] {dino} out wynn .63, +.63
[09:41] {Threei}  wtg
[09:42] {Threei}  FCX stop to .14
[09:42] {dino} ty
[09:43] {Threei}  something spooks the market
[09:43] {nemo} market weak
[09:43] {Threei}  SLW invalidated
[09:43] {nemo} market pulling in
[09:45] {Les} out flat. 3 min SPY MACD negative crossover threatens here.
[09:45] {Threei}  out FCX
[09:46] {RonS} lol...If the Greek's worked half as hard as they rioted they'd have a kick ass economy
[09:46] {Threei}  tried to be a salmon hard
[09:46] {Threei}  lol
[09:46] {Threei} Short Setup: CAT  .40 breaj half lot
[09:48] {Threei}  if stays under .50
[09:48] {Threei}  1:1
[09:50] {Threei} Long Setup:  LVS  .45 break
[09:51] {Threei}  if stays above .35
[09:52] {Threei}  target 1:2
[09:55] {Threei}  trail to .39
[09:55] {nemo} market is not sure what it wants to do
[09:57] {Threei}  out
[09:59] {Threei} Short Setup: FCX  .95 break
[10:00] {nemo} lvs too
[10:00] {Threei}  stop above .05
[10:01] {Threei}  stop to .01
[10:01] {Threei}  1:1
[10:02] {Threei} Long Setup:  X  .30 break
[10:02] {Threei}  half lot
[10:02] {Threei}  if stays above .20
[10:06] {dino} out qcor .20, +.45
[10:06] {Threei}  wtg
[10:10] {Threei}  what's with these sudden moves
[10:10] {Threei}  no go
[10:13] {Threei} Short Setup: FCX  .75 vreak
[10:14] {Threei}  if stays under .85
[10:15] {Threei}  1:1
[10:17] {Threei} Short Setup: CAT  112 break
[10:17] {Threei}  half lot
[10:18] {Threei}  if stays under .10
[10:20] {dino} 07 red
[10:20] {Threei}  target 1:2
[10:21] {Threei}  no go
[10:21] {Threei}  trading jabs
[10:22] {nemo} yeah, I'm getting ripped up
[10:30] {Threei} Long Setup:  TXT  .28
[10:30] {Threei}  if stays above .20
[10:33] {Threei} Long Setup:  TZA  .15 break
[10:33] {Threei}  that was fast
[10:35] {Threei}  TZA second cnace
[10:35] {Threei}  chance too
[10:36] {Threei}  stop under .05
[10:40] {Threei}  TZA trail to .09
[10:41] {Threei}  TXT 1:1
[10:41] {Threei}  1:2, out
[10:42] {thomcbell} nice one Vad 
[10:42] {Threei}  ty
[10:43] {Threei}  news helped us:
[10:43] {Threei}  Textron Inc Ticking higher on renewed takeover chatter
[10:43] {Threei}  - General Dynamics mentioned as suitor
[10:43] {Threei}  nice to be positioned before such headline
[10:44] {Threei}  btw guys
[10:45] {dino} out txt +.11 ty
[10:45] {Threei}  I will be with you for the first hour tomorrow, then have to get a little eye surgery
[10:45] {Threei}  :})
[10:45] {Threei}  depending on how it goes, may or may not be able to come back same day
[10:45] {Threei}  not sure how effective I can be with just two eyes
[10:47] {Les} cosmetic surgery? Who'da knew that you are this vain Vad...
[10:47] {Les} why not a boob job while you're at it?
06[10:47] * Threei slaps Les around a bit with a scalpel
[10:48] {Les} taxi day. gotta run again. later
[10:48] {Threei}  take care les
[10:49] {Les} fcx reversal possible here
[10:49] {Threei}  TXT all the way down, lol
[10:50] {rahulprakash1} tza trail still at .09 ?
[10:50] {Threei}  no, let's trail it to .14 now
[10:51] {Threei}  if SPY goes to .90 here, dpwntrend is likely to be broken
[10:51] {Threei}  thus we don't want to be in TZA anymore
[10:52] {Threei}  out
[10:52] {Threei}  this jab tradeoff was good, TXT vs TZA
[10:53] {Threei}  see how SPY broke the downtrend?
[10:54] {rahulprakash1} ye
[10:54] {dino} pbr l .00
[10:55] {Threei}  and if not a trail putting TZA practically at b/e, it would have been stopped at any of the levels, first trail or original sdtop
[10:59] {dino} sncr sm l .00
[11:04] {Threei} Short Setup: LVS  .40 break
[11:05] {Threei}  just a scalp most likely
[11:05] {nemo} yeah, too tight a range for me
[11:06] {Threei}  feel free to cover
[11:06] {Threei}  1:1
[11:06] {Threei}  easy money
[11:06] {Threei}  me likey easy money
[11:06] {Threei}  me takie easy money wherever me findie that
[11:07] {stewy} thanks vad
[11:07] {Threei}  sure thing
[11:07] {Threei}  I mean thingie
[11:07] {stewy} three eyes or one, you r de kingie
[11:07] {Threei}  we will find out tomorrow
[11:07] {Threei}  lol
[11:10] {dino} out sncr .29, +.29
[11:11] {RonS} gj....O crap...
[11:13] {Threei}  budget proposal
[11:14] {dino} ty
[11:17] {nemo} I might as well just take 3 day weekends, because we always get these ridiculous gaps
[11:18] {Threei} Short Setup: RIG  .15 break
[11:20] {Threei}  stop is obvious, above .25
[11:20] {nemo} expect bounce at the whole
[11:22] {RonS} lol...Chopper pilots hovering above burning Athens report massive destruction and the savory smell of spanakopita
[11:22] {Threei}  laughing bitterly
[11:23] {nemo} now we just need Aetna to erupt
[11:24] {Threei}  grr
[11:24] {Threei}  couple ents to 1:1
[11:24] {Threei}  cents
[11:24] {nemo} chop chop chop chop chop
[11:24] {Threei}  out
[11:25] {Threei}  oversat this one a tad
[11:47] {Threei} Long Setup:  X  .20 break
[11:47] {Threei}  change to .15 break
[11:48] {nemo} BUNNY BEATER: HUGH HEFNER'S SON Arrested for Attacking Playmate of the Year -
[11:48] {Threei}  if stays above .10
[11:48] {Threei}  target closer to .30
[11:51] {nemo}
[11:55] {Threei}  out
[11:56] {Threei}  never materialized .20 break, but was worth 6-7 cents risk IMO
[12:00] {Threei}  during the debate in the Greek parliament ahead of the vote yesterday, the leader of the government coalition member party New Democracy, Antonis Samaras, told his MPs to support the measures today so that the parliament could later "negotiate and change the current policy," which he claimed was forced on Greece.
[12:01] {Threei}  far from over, eh
[12:06] {Threei} Long Setup:  TSO  27 break
[12:06] {Threei}  half lot
[12:06] {RonS} ...think i say they have elections in mar or apr...
[12:07] {Threei}  if stays above .90
[12:07] {RonS} saw
[12:07] {Threei}  yes
[12:07] {Threei}  EU demanded as one of bailout conditions all party leaders tp sign a pledge to keep agreement after election
[12:08] {Threei}  which is such a bull, lol
[12:08] {Threei}  target 1:2
[12:13] {Threei}  1:1
[12:13] {dino} they will never re-pay
[12:13] {Threei}  half out, stop to .99
[12:14] {Threei}  physically impossible
[12:14] {Threei}  unless they cell Mt Olympus
[12:14] {Threei}  sell
[12:14] {Threei}  anfd get a really really good deal on it
[12:15] {Threei}  good boy TSO
[12:15] {Threei}  do one more leg, will ya
[12:17] {Threei}  adding back half
[12:17] {Threei}  .03
[12:17] {Threei}  with .99 stop
[12:19] {Threei}  out
[12:19] {Threei}  scalpers win this one
[12:19] {stewy} nice call thx
[12:19] {Threei}  scalped?
[12:19] {stewy} yes a good one
[12:20] {nemo} I shoulda' stayed home
[12:21] {stewy} tso was a pre mkt mover; were you watching it?
[12:21] {Threei}  no... just popped up on a scanner
[12:22] {stewy} do you look at the pre mkts?
[12:22] {Threei}  sure
[12:30] {nemo} flossing with barbed wire day
[12:31] {Threei}  come on
[12:31] {Threei}  not here
[12:31] {Threei}  not a winning streak day, but nothing that bad
[12:31] {Threei}  around b/e to slightly up
[12:32] {nemo} ok....push me pull you day
[12:32] {nemo} how's that
[12:32] {Threei}  yup
[12:34] {Threei} Short Setup: ATW  .50 break
[12:34] {Threei}  if stays under .60
[12:39] {Threei}  I'll try for 1:2 again
[12:42] {Les} sounds like some gay porn you got going there Nemo
[12:42] {Threei}  lol
[12:42] {nemo} Dr. Dolittle you pervert
[12:42] {RonS} what the heck?
[12:43] {nemo} Les the deviant piped up
[12:44] {nemo} frickin' wombatpoker
[12:44] {Les} :)
[12:49] {dino} simo l ave .25
[12:53] {Threei}  sigh
[13:04] {RonS} anybody in to "the most interesting man in the world" dude on the dos equis ad?
[13:05] {RonS} somebody cranked a twitter personality of him that has 630,000 is hilarious
[13:05] {RonS} eg, He once rang the liberty bell. And cracked it
[13:06] {RonS} He gives his razor beard burn
[13:07] {RonS} In an emergency, 911 calls him
[13:07] {Threei}  lol
[13:07] {nemo} like Chuck Norris jokes
[13:07] {RonS} He can pull hats out of rabbits.
[13:08] {nemo} that's hitting a little close to home
[13:08] {RonS} been
[13:08] {nemo} I'm sensitive about bunny
[13:10] {Les} we can make it quick and painless if you want Nemo
[13:10] {nemo} Yeah, and I'll make it long and painful
[13:11] {Les} touché
[13:12] {nemo} almost had a run in yesterday
[13:13] {nemo} I guess some woman thought I took her parking space
[13:13] {nemo} She flips me the bird
[13:13] {nemo} I blow her a kiss
[13:13] {nemo} Boyfriend gets out of the car (didn't see him)
[13:14] {nemo} I convinced him it wasn't worth the trouble
[13:14] {Les} what you blew him a kiss too?
[13:14] {Threei} Short Setup: LMT  .70 break
[13:14] {RonS} ...of arguing with your shotgun?
[13:15] {nemo} no
[13:15] {nemo} I'm  told I get this look in my joy of anticipatory ecstasy in these becomes a bit unnerving
[13:16] {nemo} look in my eye
[13:16] {Les} ahhh the joyful warrior
[13:16] {nemo} just a gray haired old man
[13:16] {nemo} limping along
[13:16] {nemo} trying to get by
[13:23] {RonS} NJ star ledger tweet:  New Jersey gay marriage bill passes in state Senate, 24-16. Story coming shortly.
[13:24] {Threei}  invalidated
[13:24] {Les} s 200 ATW at .57 will add on break of VWAP support at .50. I like the hourly chart.
[13:26] {Threei}  is market ready to reverse, or is it going to return to 135.40 and make new high
[13:27] {Threei}  that is the question
[13:27] {nemo} which would piss the most people off?
[13:27] {Threei}  can't tell, really
[13:27] {nemo} I say up
[13:28] {Les} yep
[13:28] {dino} w/ya nemo
[13:28] {Threei}  then,
[13:28] {nemo} you should seek professional help then pal
[13:28] {Threei} Long Setup:  SLW  .60 break
[13:28] {Threei}  if stays above .55
[13:29] {dino} maybe so, maybe so
[13:29] {Les} I think he's addressing me dino
[13:33] {dino} took all day, but out pbr .12, +
[13:33] {dino} .12
[13:33] {nemo} dude...u r beyond redemption
[13:34] {dino} ?
[13:34] {nemo} Les
[13:34] {Les} dino you mean
[13:34] {nemo} no u
[13:34] {dino} ahh
[13:35] {Les} :) out -.02
[13:35] {Threei}  (GR) Bailout discussions for Greece, ECB and other central banks include agreement that bonds could be repaid below face value - financial press
[13:36] {dino} ntgr sm l .00
[13:37] {Threei}  (EU) European Commission to release report tomorrow on 12 non bailout countries who are suffering from imbalanced economies - FT
[13:37] {Threei}  - Countries such as France and UK are prone to dangers such as asset bubbles high labor costs and trade deficits
[13:37] {Threei}  - List will also include Spain Italy Belgium Cyprus France Finland Slovakia UK Dennmark Sweden Bulgaria Hungary
[13:37] {Threei}  - Countries on the list could face sanctions if it does not obey recommendations from Brussels
[13:38] {Threei}  sheeeesh
[13:38] {Threei}  could face sanctions if it does not obey recommendations from Brussels
[13:39] {RonS} Brussels sprouts?:  let 1000 sanctions bloom?
[13:39] {Threei}  lol
[13:39] {dino} out simo ave .37, +.12
[13:57] {Threei}  SPY so far is not breaking .40
[13:58] {Threei}  mayber time to start trying for reversal
[13:58] {Threei} Long Setup:  TZA  .90 break
[13:58] {Threei}  if stays above .75 scalpers, .70 day traders
[14:00] {Threei}  sorry, mistype
[14:00] {Threei} Long Setup:  TZA  .80 break
[14:00] {Threei}  no one even notices?
[14:01] {stewy} or everyone took aggressive entries;)
[14:01] {Threei}  well, .90 makes no sense on the chart
[14:01] {stewy} true
[14:01] {Threei}  .80 does
[14:01] {Les} does to me
[14:02] {stewy} les do you use 1min chrts
[14:02] {Les} yeh
[14:02] {Les} and 3/15 too
[14:04] {Les} ATW finally frikin died
[14:20] {Threei}  disregard TZA
[14:20] {Threei}  at least .80 alert
[14:21] {Threei}  .75 break
[14:22] {Threei}  if holding .70
[14:22] {Threei} Long Setup:  TZA  .75 break
[14:23] {Threei}  out SLW
[14:24] {stewy} got slw too thanks
[14:24] {Threei}  :)
[14:30] {Threei}  thid one should be much more than scalp
[14:32] {nemo}
[14:33] {Les} ATW - had the right direction. managed to f/&% the trade - twice.
[14:33] {Les} Missus is gonna learn to frikin cook
[14:35] {RonS} 'fraid that goose is cooked unless you go for another...
[14:35] {dino} simo l trig .40
[14:35] {dino} giddy-up
[14:36] {dino} .45 is r1
[14:36] {Threei}  (GR) ECB's Nowotny: Additonal measures are required before the next aid tranche for Greece can be released- Reminder: Earlier reports indicated that before the next tranche of aid was provided, the heads of each political party in Greece must also take a pledge to support the reforms following the elections scheduled in April; with assurances to be given by Wednesday
[14:37] {dino} like a politicians pledge means anything at all
[14:39] {Threei}  what the deuce
[14:39] {nemo} gotta' run the stops from Thursday
[14:40] {stewy} it that greek news, huh?
[14:40] {Threei}  I don't see anything fresh
[14:40] {nemo} no, technical...look at spy on 15 minute and the highs on Thursday.  They're running the stops
[14:41] {Threei}  a bit too sudden move for a purely technical
[14:41] {dino} 12890 gap
[14:42] {nemo} crude was halted?
[14:42] {Threei}  yeah
[14:42] {Threei}  technical glitch at CME
[14:42] {rambler} you still in TZA Vad...?
[14:42] {Threei}  no, out .69
[14:42] {Threei}  .68
[14:44] {Threei}  Chicago Mercantile Exchange Holdings Inc Confirms CME Globex crude markets halted since 14:04ET due to technical issues
[14:44] {Threei}  - Follow up: Cancels some trades in Globe crude and other products
[14:44] {dino} out simo .53, +.13
[14:45] {dino} too soon
[14:49] {Les} l TZA .72
[14:50] {nemo} wow ballsy, hasn't even broken the trend yet
[14:56] {nemo} Is the paint dry yet?
[15:00] {Threei}  ok... up or down last hour
[15:01] {RonS} flat
[15:01] {nemo} gonna be relatively dead like afternoons have been, but I lean towards a stop busting effort at the spy highs before I see it dropping...either that or they bust the stops tomorrow
[15:02] {Les} don't like guessing, so out tza +.01 and outta here. c u's tomorrow
[15:03] {Threei}  take care les
[15:07] {Threei}  now I got it
[15:07] {Threei}  TZA was waiting for Les to leave
[15:11] {Threei}  I don't know... to me, down should be the direction
[15:11] {Threei}  one more bounce, then sellking
[15:12] {dino} gut- just flounders around w/in 10 pts dji
[15:12] {nemo} 135.20 is vwap, I wouldn't think it drops below that
[15:13] {dino} wdti drop
[15:14] {dino} wow fast went to 41 them back 44
[15:14] {dino} out ntgr .46, +.46
[15:15] {dino} most likely no more trades, got lucky, 8 for 8
[15:19] {Threei}  wtg
[15:19] {Threei}  OK, here is my bounce
[15:19] {Threei}  going to try TZA again on .75 break
[15:21] {Threei}  target closer to .90
[15:24] {Threei} Short Setup: FCX  .50 break
[15:25] {nemo} think spy and iwm gonna go up here
[15:29] {dino} chart says so
[15:30] {Threei}  FCX invalidated
[15:33] {Threei}  NYSE volume 480M shares, about 11% below its three-month average;
[15:33] {Threei}  NASDAQ volume 1.27B shares, about 6% below its three-month average
[15:36] {Threei}  half out TZA
[15:50] {Threei}  come on, give me one nore spike
[15:54] {Threei}  couple cents more please
[15:55] {nemo} spy just above vwap so isn't iwm
[15:55] {stewy} see ya tomorrow 
[15:55] {Threei}  take care stewy
[15:56] {Threei}  couple min more for TZA to go
[15:56] {nemo} i think long rather than short
[15:58] {Threei}  ok
[15:58] {Threei}  out
[15:58] {Threei}  wanted a bit more, but I'll take it
[15:58] {Threei}  SPY is saved by the bell
[15:59] {rambler} thanks Vad, getting software figured a couple of trades in...
[16:00] {rambler} cya tomorrow...
[16:01] {Threei}  thank you all
[16:01] {Threei}  have a good evening, see you tomorrow