Session Time: Mon Apr 09 00:00:00 2012
[09:00] {dptl} good morning
[09:01] {Threei} morning
[09:03] {Threei} ok, this is it... I am done with human species:
[09:03] {Threei} 29% Trust Obama More than Themselves on Economy; 18% Say Same of Romney
[09:17] {dino} gm
[09:17] {Threei} dino :)
[09:17] {Threei} (US) Moody's Chief Economist Zandi: Odds of another round of QE are less than even; the market is likely close to a peak in crude prices
[09:17] {Threei} - The Fed does not need to do more at the moment to help the economic recovery.
[09:17] {Threei} - US economy is still making progress, rising oil prices or deeper housing declines are risks to the economic outlook.
[09:17] {Threei} - Believes the end of 2012 will bring serious economic headwinds.
[09:17] {Threei} (US) PIMCO's El-Erian: The US economy faces structural problems in labor markets, infrastructure, credit and housing
[09:17] {Threei} - Concerned about the impending fiscal cliff at the end of 2012, potential 4% fiscal contraction if Washington doesnt take certain action
[09:17] {Threei} washington? action?
[09:20] {Threei} the only thing government is good at is blowing things up, and that's the only thing it takes action at
[09:22] {rambler} gm...
[09:22] {Threei} rambler :)
[09:25] {Threei} so, good half of the room decided Monday is a day off as well, lol
[09:26] {Threei} we are likely to see thin trading today
[09:27] {Threei} let's start with shorting bounces
[09:27] {Threei} then we will see about catching some reversal
[09:27] {Threei} FCX, short zone is likely to be around 31.10 - 31.20
[09:28] {Threei} if can't bounce at all and consolidates instead, then breakdown of .85
[09:28] {Threei} but consolidation should be at least 2-3 min after open
[09:29] {dino} 31?
[09:29] {Threei} 37
[09:29] {Threei} lol
[09:29] {dino} :D
[09:29] {Threei} I guess my brain is in long weekend mode as well
[09:29] {dino} 2728 ndx filled
[09:30] {Threei} Short Setup: FCX 37 break half lot
[09:30] {Threei} if stays under .10
[09:31] {Threei} invalidated
[09:31] {Threei} Short Setup: FCX .10 break half lot
[09:31] {Threei} if stays undder .20
[09:32] {Threei} target 1:3 if triggers
[09:33] {dptl} .
[09:34] {Threei} make up your mind, FCX
[09:35] {Threei} invalidated
[09:36] {nemo} market being bought
[09:36] {nemo} spy just regained the qpp
[09:37] {dino} stx sm l .73
[09:39] {Threei} ok FCX, bounce for double top please
[09:42] {Threei} Short Setup: FCX .20 break if stays under .30
[09:42] {dino} stx to .03
[09:42] {Threei} I'd prefer .25 - .35 range
[09:42] {Threei} but if SPY drops from here, we are not likely to get it
[09:43] {dino} out stx +.30
[09:43] {Threei} wtg
[09:43] {dino} ty
[09:43] {Threei} ok, getting .25 - .35 now
[09:44] {Threei} Short Setup: FCX .25 break if stays under .35
[09:44] {Threei} invalidated
[09:45] {Threei} elusive target... 15 min, no single trade
[09:45] {Threei} when did that happen last time
[09:45] {rambler} I was just thinking the same thing...
[09:46] {Threei} CAT, watching for pullback long
[09:48] {Threei} Long Setup: CAT .50 break hl
[09:48] {dino} ioc spike
[09:49] {Threei} if stays above .40
[09:50] {Threei} target 1:2
[09:50] {Threei} quite weird morning
[09:50] {Threei} no go CAT
[09:52] {Threei} Long Setup: LVS .35 break hl
[09:52] {Threei} late
[09:52] {Threei} wait for pullback
[09:52] {nemo} tna looking long here
[09:53] {Threei} LVS got away
[09:54] {dino} wprt sm l .85
[09:55] {Threei} Long Setup: TNA .25 break
[09:55] {Threei} stop under .15
[09:56] {Threei} target .60
[09:56] {dino} out wprt .15, +.30
[09:56] {Threei} hate this thin holiday trading
[09:57] {Threei} setups are few and far between, and follow through is non-existent
[09:57] {nemo} gap day
[09:57] {nemo} not sure if it's buy the dip yet
[09:57] {Threei} gap down days are usually good for us
[09:58] {Threei} 1:1
[09:58] {Threei} half out, stop to .19
[09:59] {dino} idcc spike
[09:59] {cipher} cat l .09
[09:59] {Threei} stop to .24 now
[09:59] {Threei} 1:2
[09:59] {Threei} 1/4 more out
[10:00] {Threei} perfect catch cipher
[10:00] {dino} patk sm l .00
[10:00] {Threei} 1:3
[10:00] {cipher} out cat .34 +.25
[10:02] {Threei} TNA target hit
[10:02] {Threei} out in full
[10:03] {Threei} ok, a bit better
[10:06] {dino} patk stop -.36
[10:08] {cipher} patk l .60
[10:10] {Threei} Long Setup: SLW .40 break
[10:11] {Threei} just a scalp most likely
[10:11] {Threei} stop .33
[10:12] {dino} sina sm l .91 wide
[10:14] {cipher} out patk .65 +.05
[10:15] {Threei} Long Setup: LVS .80 break hl
[10:15] {Threei} let's scratch SLW
[10:15] {dino} 07 green
[10:15] {dino} sm l clne .80
[10:16] {Threei} LVS stop under .70
[10:16] {Threei} not sure what SLW oproblem is but it doesn't go up with SPY
[10:17] {Threei} LVS 1:1
[10:18] {Threei} 1:2, out
[10:22] {cipher} patk l .66
[10:22] {dino} sina to .31
[10:22] {dino} out +.40
[10:23] {dino} \damn
[10:28] {Threei} X, watch for long entry if pulls back toward .60
[10:28] {cipher} out patk .80 +.14
[10:33] {dino} gj
[10:33] {dino} sm l panl .25
[10:34] {Threei} gosh... SLW would still torture us had we stayed in
[10:35] {nemo} marriage stock
[10:35] {Threei} no kidding
[10:35] {Threei} and it used to be such a pleasant date
[10:35] {nemo} once married you lose all leverage
[10:39] {cipher} l aapl .25
[10:40] {cipher} out .00 +.75
[10:41] {Threei} wtg
[10:41] {cipher} ty
[10:45] {Threei} Long Setup: CAT .60 break half lot
[10:45] {Threei} if stays above .45
[10:46] {dino} gj cipher
[10:46] {cipher} thx
[10:49] {Threei} let's trail stop to .49
[10:49] {Threei} target 1:2
[10:50] {dino} wprt sm l .35
[10:50] {Threei} 1:1
[10:52] {Threei} stop is .55 for the balance
[10:55] {Threei} .59 now
[10:55] {Threei} under the low of 10:54 candle
[10:55] {Threei} 5 cents to 1:2
[10:56] {Threei} push one more time CAT
[10:56] {Threei} good kitty
[10:56] {Threei} 1:2 target hit, out
[10:56] {Threei} cat's meow
[10:57] {Threei} this is what, 3 out of 4?
[10:57] {Threei} not bad for thin holiday trading
[10:57] {Threei} but if you are all asleep, I won't bother either
[10:58] {dino} zzzzzzz
[11:00] {Threei} Short Setup: X .75
[11:00] {Threei} if stays under .85
[11:06] {Threei} 1:1
[11:07] {vijay} gmorning all
[11:07] {Threei} morning vijay
[11:07] {vijay} morning Sir.
[11:11] {Threei} closed at 1:2
[11:11] {Threei} who would havbe thought this day turns into "fish in the barrel" kind
[11:13] {dino} finl sm l .45
[11:14] {Threei} wow, X had more in it
[11:15] {Threei} didn't think it was capable of more than 1:2
[11:15] {Threei} even that looked like a stretch
[11:15] {nemo} market let go
[11:15] {nemo} MCP could be long here
[11:21] {nemo} l tna .85
[11:21] {nemo} stop under .75
[11:24] {nemo} 1/2 .95
[11:24] {nemo} stop to b/e
[11:26] {Threei} ok, reversal hunt time
[11:27] {Threei} Long Setup: X .40 break
[11:27] {nemo} spy might test low, looking like bear flag
[11:27] {Threei} if holding .30
[11:27] {Threei} Long Setup: MCP 35 break
[11:27] {Threei} hl
[11:27] {Threei} if holding .90
[11:28] {nemo} I'm out tna
[11:28] {Threei} X invalidated but on radar
[11:28] {Threei} Long Setup: X .30 break
[11:29] {Threei} if holding .20
[11:29] {Threei} MCP valid
[11:30] {dino} sina sm l .00
[11:32] {nemo} big seller 61 sina
[11:36] {dino} finl stop -.06
[11:37] {Threei} no go MCP
[11:38] {Threei} let's trail X to .24
[11:39] {Threei} market feels heavy, want to minimizw risk
[11:39] {Threei} it bottomed at .25 on last drop, so either double bottom plays out or we don't want to be in
[11:44] {Threei} out
[11:44] {Threei} too much work for no result
[11:44] {rambler} durn...
[11:45] {rambler} got to run....cya tomorrow..
[11:46] {Threei} take care rambler
[11:47] {nemo} tna small long here
[11:47] {nemo} stop under .90
[11:50] {nemo} lvs energizer bunny
[11:52] {nemo} 1/2 .12
[11:54] {nemo} stop b/e
[11:54] {Threei} good tightening on X
[11:54] {Threei} hmmm... Titanic memorial cruise, retracing its steps - leaving from the same post, going same route, recreating atmospere onboard
[11:55] {Threei} can't help but wonder how far they intend to go in recretaing the events
[12:00] {nemo} stop is .08
[12:01] {nemo} oh well
[12:04] {Threei} (GR) Institute of International Finance (IIF): Another haircut on Greece sovereign debt is a "remote possibility
[12:04] {Threei} there is something left to cut??
[12:04] {nemo} apc
[12:21] {dino} tgh drop
[12:25] {nemo} what a wuss: [11:23] {nemo} l tna .85
[12:40] {dino} sina to .39
[12:42] {dino} out +.40
[12:43] {Threei} nice
[12:44] {dino} ty
[12:54] {Threei} watching TZA for entry around .35
[12:55] {nemo} vwap for iwm is .13 area, might bounce
[13:02] {nemo} think tna a long here
[13:03] {nemo} think we might try to get back to 139 on the spy
[13:05] {dino} sfly drop
[13:22] {dino} panl stop -.26
[13:22] {Threei} missed TZA
[13:22] {Threei} bottomed out at .37 with not much warning
[13:22] {dino} sfly sm l .00
[13:36] {nemo} mcp
[13:36] {nemo} kinda looking for a flush before it continues up
[13:46] {nemo} that was a little bit more flush than I like
[13:47] {Threei} Long Setup: TZA .40 break
[13:47] {Threei} if stays above .35
[13:55] {nemo} spy breaks morning high and iwm gets through QPP at 80.30 then 138.80-139 likely for spy, methinks
[13:56] {nemo} this is Weekly S1 on SPY
[13:57] {nemo} mcp
[13:58] {dino} sfly to .45
[13:58] {dino} out +.45
[13:58] {Threei} good one
[13:59] {nemo} lvs just goes and goes
[14:00] {Threei} quite amazing really
[14:00] {Threei} you'd think casinos is the last hope of this economy
[14:02] {nemo} somebody knows something about lvs
[14:03] {Threei} - NYSE volume 355M shares, about 10% below its three-month average; decliners lead advancers by 4.1:1. - NASDAQ volume 835M shares, about 21% below its three-month average; decliners lead advancers by 4.7:1.
[14:03] {Threei} volume is ridiculous
[14:03] {Threei} no wonder it's hard to find anything
[14:03] {nemo} low volume pullback just before earnings
[14:14] {Threei} if SPY is going to reverse today at all, it has to be now
[14:14] {Threei} looks good for a drop from here, IMO
[14:15] {Threei} Long Setup: TZA .40 break
[14:15] {Threei} Long Setup: FAZ .22
[14:20] {Threei} let's change FAZ to .15 break
[14:20] {Threei} with stop under ,10
[14:22] {Threei} and TZA to .35 break
[14:22] {Threei} if holding .30 of course
[14:23] {Threei} trying to catch the top with as little risk as possible
[14:35] {Threei} come on SPY, you are really tired
[14:37] {Threei} sigh
[14:37] {nemo} 139\
[14:37] {Threei} I hate holiday trading
[14:38] {Threei} morning was unextecpedly good... should have taken it as a gift and go home
[14:39] {Beau} lucky me, missed AM caught last 3 lol
[14:39] {Threei} a few 20-40 cents wins in the am
[14:40] {Beau} vg. now repeat it?? lol
[14:40] {nemo} markets bottomed .10 above Weekly S2 on IWM and looks like it's headed to between 138.80 and 139
[14:40] {nemo} on spy
[14:40] {Threei} well, if it reverses and does it with clear setup
[14:41] {Threei} slow creep up on a low volume is not a good trading environment
[14:43] {dino} sfly sm l .70 ave
[14:49] {nemo} iwm at morning high, who let the dawgs out if it gets through
[14:51] {dino} feels like going for open gaps
[14:52] {nemo} yeah, I think we can close it, but MPP on SPY is 50% retracement
[14:54] {Threei} no way we close the gap today
[14:58] {nemo} I doubt it sticking with 139
[14:58] {nemo} but it's possible...that would be a real bear BOHICA
[14:59] {Threei} Short Setup: X .50 break
[15:01] {dino} out sfly .00, +.30
[15:02] {Beau} thx dino 29
[15:02] {dino} yw
[15:02] {Threei} gj
[15:04] {dino} sina sm l .64
[15:04] {Threei} X stop .56
[15:09] {nemo} lvs might be a short here
[15:12] {Threei} bidding half X .41
[15:31] {Threei} half out .43
[15:31] {Threei} trying for about .35 for the second half
[15:31] {Threei} stop .51
[15:31] {Threei} anyone is still alive?
[15:31] {Threei} tired of talking to myself
[15:32] {andj} i'm here vad
[15:32] {andj} in on x
[15:32] {Threei} ok... they talk to me only after stopped out trades
[15:33] {Threei} winning ones get ignored conpletely {G}
[15:33] {andj} i probably talk less when i loose
[15:34] {andj} that way I keep the grumbling to myself:)
[15:34] {andj} better karma you know
[15:34] {andj} I just won on that one so thanks
[15:34] {andj} out x + .10
[15:35] {Threei} welcome
[15:35] {andj} I've been following along a lot. You were right about a lot of things so I have been studying.
[15:36] {andj} I think the brain fog is clearing...
[15:36] {Threei} good... 'cause mine is so thick, I am not even sure there is a brain in there somewhere
[15:37] {Threei} so Beau... don't tell me you missed this one
[15:37] {Beau} problem with shorts for now
[15:37] {Threei} oh
[15:38] {nemo} I'd say tna long above .8
[15:39] {nemo} problems with underwear Beau?
[15:40] {dptl} lol
[15:40] {Beau} underwear? must be a modern thing
[15:40] {Beau} and nemo that was funny==really
[15:41] {nemo} I know, don't quit my day job
[15:41] {nemo} 1/2 out .90
[15:42] {Threei} you weren't here for the dialog: What is the size of your monitor? -- It's kind of personal,isn't it...
[15:42] {nemo} stop under .75
[15:42] {Beau} for someone very shy, you do good nemo
[15:43] {nemo} me shy?
[15:43] {nemo} whoa
[15:43] {nemo} wow
[15:43] {nemo} good thing I'm sitting down
[15:43] {Beau} gotcha
[15:44] {nemo} needless to say, I'm out
[15:44] {Threei} changing my mind
[15:44] {Threei} 1.4 at .35
[15:44] {Threei} 1/4 for more
[15:45] {Threei} if time allows
[15:52] {Threei} die X, time's running out
[15:56] {Threei} OK... saved by the bell
[15:56] {Threei} out
[15:56] {dino} stop sina -.30
[15:57] {Threei} pulling teeth day, too much like work
[15:57] {Threei} thank you all, have a good evening
[15:57] {Threei} see you tomorrow
[15:57] {_pepiolas} k, thanks
[15:57] {dptl} see ya tomorrow all
