Tuesday, May 29, 2012

May 29 2012

Somewhat foggy after-holiday trading, but finished the day positive, and got this whooper of a trade:




Session Time: Tue May 29 00:00:01 2012
[09:03] {Threei}  http://goo.gl/ym8OT
[09:07] {Threei}  this article is almost 1:1 my view on the future developments
[09:09] {dptl} gm
[09:09] {Threei}  dp :)
[09:11] {Beau} good morning all
[09:17] {Threei}  beau :)
[09:20] {dino} gm
[09:20] {Threei}  dino :)
[09:21] {ese} morning
[09:21] {Threei}  ese :)
[09:22] {ese} Oak Bay Tea Party this weekend Vad.......my high school R&B band is playing from 6:30 to 7:15........cya there maybe ehhhhhhh?
[09:22] {Threei}  will be in Vancouver
[09:23] {ese} hmmmmmmmmm.........
[09:23] {ese} lecture?
[09:23] {Threei}  no, visiting friends
[09:23] {Threei}  nissing all your appearances... planning Sidney?
[09:23] {nemo} dropping off their monthly check, Vad?
[09:23] {Threei}  lol
[09:24] {dptl} lol
[09:25] {ese} actually ....The professional band is "The Midnights"  in Beacon Park again like last year ...Sunday July 8th
[09:25] {Beau} morning all
[09:25] {Threei}  beau :)
[09:25] {ese} nemo dp B
[09:27] {ese} hmmmmmm....Shiskabob party same day maybe..........than can just pop in after the concert
[09:28] {Threei}  you mean you are playing sober??
[09:28] {ese} welllll........yes............why do you ask?
[09:29] {Threei}  strange :)
[09:29] {ese} this is a question you should be asking nemo
[09:29] {Threei}  big gap up... people are foggy after long weekend... let's wait out few min
[09:29] {Threei}  I dpn't need to
[09:29] {ese} indeed
[09:29] {Threei}  with nemo it's not even a question
[09:29] {ese} lol
[09:29] {nemo} we
[09:30] {nemo} we're already almost at R3 on daily for IWM
[09:31] {Threei} Short Setup: BBBY  .40 break sm shares
[09:32] {Threei}  If holds  .50
[09:32] {ese} out TOL .38 +.33  held it from last thursday
[09:32] {Threei}  sorry .55
[09:32] {nemo} feels like grind up day in absence of Europe news
[09:32] {Threei}  ummm... hardly pbtainable
[09:33] {Threei}  forget it
[09:33] {ese} still in DHI at .14 from last thursday
[09:34] {ese} out Dhi .24 +.10
[09:35] {Threei} Long Setup:  SLW  .90 break
[09:35] {Threei}  If holds  .85
[09:35] {Threei}  yeah right
[09:35] {Threei}  teleportation
[09:36] {Threei}  this one is good for secondary entry if pulls back
[09:36] {Threei}  OK
[09:36] {Threei}  half put
[09:36] {Threei}  out
[09:36] {Threei}  that was nice to return for a pick-ip
[09:38] {Threei} Long Setup:  DG  .10 break half lot
[09:39] {Threei}  out SLW in full
[09:39] {Threei}  DG stop under 48
[09:40] {Threei}  1:1
[09:50] {Threei} Long Setup:  X  .40 break
[09:50] {Threei}  If holds  .35
[09:50] {Threei}  change to .35 break
[09:50] {ese} L TOL .31
[09:51] {ese} 3/4
[09:52] {Threei}  still valid
[09:52] {nemo} cat running
[09:54] {Threei}  Invalidated
[09:54] {Threei}  stretches more and more
[09:55] {Threei} Long Setup:  X  .20 break
[09:55] {Threei}  If holds  .15
[09:57] {Threei}  target .40
[09:57] {Threei}  wow, still not ready
[09:57] {nemo} data coming
[09:58] {Threei}  (US) Preview: May Consumer Confidence due out at 10:00ET (14:00 GMT)**Consensus expectation: 69.5e v 69.2 prior
[09:58] {nemo} x here
[09:58] {ese} out tol .41 +.10
[09:59] {Threei}  CAT looks to be a short on .50 break
[09:59] {Threei}  bad number
[09:59] {Threei} Short Setup: CAT  .50 break hl
[10:00] {Threei}  *(US) MAY CONSUMER CONFIDENCE: 64.9 V 69.5E
[10:00] {Threei}  stop above .60
[10:00] {Threei}  no go
[10:01] {ese} dino...am eyeing WDC.....
[10:02] {ese} forget eyeing am L .38
[10:02] {nemo} mmmhh, didn't get filled on that jump over .25 on X
[10:02] {nemo} out
[10:03] {Threei} Long Setup:  JPM  .80 break
[10:03] {Threei}  If holds  .75
[10:04] {nemo} cat long .71
[10:04] {Threei}  half out JPM
[10:04] {nemo} 1/2 .85
[10:04] {Threei}  stop to .79
[10:06] {Threei}  1/4 more out
[10:06] {Threei}  FB disaster continues
[10:07] {ese} out wdc .30 -.08 nope
[10:10] {nemo} 1/4 more .05
[10:11] {ese} nice nemo
[10:11] {nemo} ty
[10:11] {Beau} gj nemo
[10:12] {ese} awesome looking 1min chart
[10:13] {nemo} yeah, see that resistance .70 area?
[10:13] {ese} you screen for those
[10:13] {ese} look at it go
[10:13] {nemo} no, but cat is on my regular list
[10:13] {ese} same here but missed it
[10:14] {nemo} stop for last under 93
[10:15] {nemo} looking for .70 area on spy, we're probably close on iwm here
[10:16] {Threei} Long Setup:  FB  .20 break
[10:16] {Threei}  If holds  .10
[10:16] {Threei}  and yes, it pains me to make this call
[10:17] {ese} lol
[10:17] {nemo} stop under .25
[10:18] {ese} in
[10:18] {ese} .23 crappy fill
[10:19] {nemo} out .55
[10:19] {Threei}  valid double bottom formation, but sheesh, I just don't like this stock
[10:20] {Threei}  yeah... for a good reason too
[10:20] {nemo} [09:33] {nemo} feels like grind up day in absence of Europe news
[10:20] {ese} stopped ,11 -.12 1/2
[10:20] {Threei}  I am talking about FB nemo
[10:20] {nemo} we have surpassed r3 on daily in IMW and .80 is it for SPY
[10:21] {nemo} yeah, and I'm talking about something else
[10:24] {ese} L wdc .51
[10:25] {Threei}  nice
[10:26] {ese} stop to .59
[10:26] {ese} tks
[10:26] {Threei} Long Setup:  LVS  .20 break
[10:27] {Threei}  If holds  .10
[10:27] {ese} to .65
[10:27] {Threei}  target 1:2
[10:29] {ese} out wdc .76 +.25
[10:29] {Threei}  wtg
[10:29] {ese} gotta go cya tomorow
[10:29] {ese} tks
[10:29] {Threei}  take care ese
[10:29] {Threei}  *(US) MAY DALLAS FED MANUFACTURING ACTIVITY: -5.1 V +1.5E
[10:30] {Threei}  yikes
[10:30] {nemo} won't matter today
[10:30] {Threei}  shouldn't
[10:30] {Threei}  but the fact of such miserable performance
[10:31] {Threei}  stop to .14
[10:36] {Threei}  let's scratch LVS
[10:37] {Threei}  it wasted its cnance to make new high
[10:45] {Threei} Long Setup:  SLW  .90 break
[10:45] {Threei}  If holds  .85
[10:47] {Threei}  half out
[10:48] {Threei}  stop to .88
[10:50] {Threei}  out of bounds print
[10:51] {Threei}  that's why you dn't want to use automated stops
[10:56] {Threei}  break 27 already, will ya
[10:59] {Threei}  LOL:
[10:59] {Threei}  A little kindness goes a long way, especially during waterboarding.
[11:07] {Threei} Short Setup: LVS  49 break
[11:07] {Threei}  If holds  .10
[11:09] {Threei}  Invalidated
[11:12] {Threei} Short Setup: GLD  153 break hl
[11:12] {Threei}  If holds  .10
[11:13] {thomcbell} long setup FB 30.25 break if holding 30.15
[11:16] {Threei}  nice
[11:16] {thomcbell} 1:1
[11:17] {thomcbell} target is 1:3
[11:17] {Threei}  GLD 1:1
[11:18] {Threei}  dino's computer completely gave up or what
[11:20] {Threei}  1:2
[11:23] {thomcbell} FB 30.20 stop
[11:24] {thomcbell} out 30.21
[11:24] {thomcbell} made a partial at 30.35 but oh well
[11:24] {Threei}  good trade tbell
[11:24] {thomcbell} now the break of 30 should get it down 50 29.50 in a hurry if it breaks
[11:24] {Threei}  not many can say they made money on this stock, lol
[11:32] {Threei}  1:3.5, out
[11:32] {Threei}  WOW
[11:32] {Threei}  can I have some back?
[11:35] {Threei}  sheesh
[11:39] {Threei}  Euro under 1.25
[11:40] {nemo} took small tna at .61
[11:41] {nemo} pure flyer
[11:41] {thomcbell} lvs very nice action during recent market weakness last 20 minutes
[11:42] {nemo} ehh out flat
[11:53] {nemo} long fcx .15
[11:53] {nemo} small
[11:57] {nemo} o.k. out
[11:57] {nemo} starting to feel like another dorp coming
[12:00] {Threei}  FB lost 30
[12:00] {Threei}  train wreck of IPO
[12:01] {thomcbell} still waiting for a new long pattern to emerge
[12:01] {thomcbell} massive volume on that break
[12:02] {Threei}  damaged goods
[12:10] {Threei}  dino... gremlins?
[12:10] {nemo} stop talking about his kids like that
[12:11] {dino} no, real estate issues
[12:15] {Threei}  wow... things are crashing nicely
[12:18] {nemo} long might be worth a ry here
[12:51] {Threei}  (ES) Governor of the Bank of Spain Ordonez to step down on June 10th, one month early - financial press
[12:51] {Threei}  Ordonez: let me out!!
[13:21] {Threei} Short Setup: GDX  .85 break
[13:22] {Threei}  .96 stop
[13:28] {Threei}  1:1
[13:47] {dino} tsco drop
[13:47] {Threei}  no news
[13:48] {Threei}  who is ready for a good laugh?
[13:48] {Threei}  (GR) Austria Fin Min Fekter: Not possible to say if or when Greece will repay its debt
[14:11] {nemo} interesting, IWM held the uptrend I had
[14:27] {nemo} cat might be setting up short here
[14:46] {dptl} chk .10 long?
[14:46] {Threei}  looks right
[14:47] {dptl} in .11
[14:51] {Threei}  1:1
[14:51] {Threei}  nice
[14:51] {dptl} out
[14:51] {dino} lol, facebook, keeps dropping leveraged buyout may happen
[14:51] {Threei}  leveraged buyout?
[14:53] {dino} joke. investment bankers take it public, then help someone take it private
[14:53] {Threei}  ah
[14:53] {Threei}  lol
[14:53] {Threei}  nice gig... sell to public at 38, buy back at 10
[14:54] {dptl} pay DB?
[14:54] {Threei}  no
[14:54] {Threei}  hoddie wins over suits
[14:56] {dino} prx drop
[15:00] {dino} sm l .75
[15:00] {dino} stop is break lod
[15:00] {dino} stop
[15:00] {Threei}  what's the abbreviation for "idiocy and greed combined make for a disaster"?
[15:03] {dino} whats up w/prx
[15:03] {Threei}  don't see any news
[15:03] {Threei}  ah, here it is
[15:04] {Threei}  chatter of possible patent case loss
[15:05] {dino} sm l .98
[15:06] {dino} out .72, +.74
[15:08] {Threei}  wtg
[15:08] {dino} ty
[15:09] {dino} amrn spike
[15:19] {dptl} is that DB now ? pay?
[15:20] {Threei}  ?
[15:20] {Threei}  how is it DB?
[15:20] {Threei}  where is first and second bottoms?
[15:20] {dptl} .20 and now .20
[15:20] {Threei}  if anything, it's a DBI
[15:21] {Threei}  nah, it's just not the right configuration
[15:21] {dptl} you mean to wide beetwen two bottoms?
[15:22] {dptl} ye, now it looks like dbi
[15:22] {Threei}  well, for starters it'as a third one, not second
[15:23] {dptl} i am confused sometimes with db's
[15:23] {dino} gotta hop, thanks all
[15:23] {Threei}  take care dino
[15:32] {Threei} Short Setup: GLD  .70 break
[15:32] {Threei}  If holds  .80
[15:36] {Threei}  Invalidated
[15:37] {Threei}  let's modify it: same trigger, half lot, if stays under .85
[15:40] {Threei}  invalidated anyway
[15:51] {Threei}  (EU) According to Pew Research polls conducted across 8 EU nations, the public is increasingly doubtful about EU membership and closer integration - FT (update)
[15:51] {Threei}  - About 8K people said to have been polled in France, Germany, Spain, Italy, Greece, Poland, UK, and Czech Republic in Mar-Apr period.
[15:51] {Threei}  - Only 34% said the single currency is a positive; Most respondents in France and Italy believe EUR has been a negative for their country.
[15:53] {Threei}  ending near the high... shrug
[15:53] {Threei}  I would prefer the opposite
[15:54] {Threei}  OK guys, thank you, have a good evening
[15:54] {Threei}  see you tomorrow
[15:54] {dptl} gn all