Empty day with slow action and no volume.
Session Time: Fri Jun 08 00:00:00 2012
[09:11] {Threei} (US) President Obama schedules press conference for 10:15ET; discussion of the economy and the European situation
[09:11] {Beau} good morning you all
[09:11] {Threei} beau :)
[09:12] {dptl} gm
[09:14] {Threei} dp :)
[09:17] {thomcbell} either bhp is a long or fcx is a short
[09:17] {thomcbell} wait to see the initial price action
[09:18] {Threei} why can't it be both long or short?
[09:22] {scottie} gm
[09:22] {Threei} scottie :})
[09:24] {ese} morning
[09:24] {Threei} ese :)
[09:24] {ese} hey vad
[09:25] {ese} just noticed FB is 26.50.....huge disgrace for that ipo
[09:25] {ese} almost dn 20 bills from traded high
[09:26] {Threei} pathetic really
[09:26] {ese} ya
[09:26] {Threei} well deserved too
[09:26] {Threei} ego and greed is a bad mix
[09:26] {ese} yup
[09:26] {ese} don't trust the ceo......slimmy little guy
[09:27] {Threei} yeech
[09:27] {thomcbell} Vad u should wear the hoodie
[09:27] {Threei} gives me creeps
[09:27] {ese} somethin about him rubs me the wrong way....don't know what it is but it's something
[09:27] {Threei} lol tbell
[09:27] {thomcbell} norm hallet with the hoodie would be spectacular
[09:28] {Threei} hehe
[09:28] {Threei} I'll pass it to him
[09:28] {ese} no kidding.......theres an image that inspires confidence in the investing public...a hoodie
[09:29] {Threei} I don't czre about his wardrob but other than that, I severely dislike him
[09:29] {ese} i'm in your camp
[09:31] {Threei} Short Setup: FCX 33 break hl
[09:31] {Threei} If holds .10
[09:32] {Threei} Short Setup: SLW .50 break
[09:32] {Threei} If holds .60
[09:33] {Threei} SLW no go
[09:33] {Threei} FCX target 1:2
[09:34] {Threei} missed 1:1 cover
[09:34] {Threei} stop to .06
[09:36] {Threei} Short Setup: BHP .90 break hl
[09:37] {Threei} If holds 62
[09:38] {Threei} change to .95 break
[09:38] {Threei} If holds .05
[09:39] {Threei} FCX 1:1
[09:39] {Threei} BHP too
[09:40] {Threei} stop to .01 FCX
[09:40] {Threei} .96 BHP
[09:41] {nemo} tpx
[09:42] {nemo} bounce are spy iwm
[09:42] {Threei} nope
[09:42] {Threei} one more step dpwn first IMO
[09:43] {nemo} tpx
[09:44] {nemo} tpx
[09:44] {thomcbell} long setup QCOM 57.67 break if holding 57.54 - 1/2 lot
[09:44] {nemo} nav
[09:44] {Threei} finger stuck in keyboard nemo?? :)
[09:44] {nemo} no
[09:44] {thomcbell} ow lvs
[09:44] {nemo} might wnat to take some tna or iwm here if you took the bounce
[09:45] {Threei} BHP 1:2
[09:45] {Threei} out
[09:45] {nemo} long tpx .1
[09:45] {nemo} .01
[09:47] {nemo} tpx if breaks .15
[09:50] {cipher} aapl s.68
[09:51] {cipher} cov .73 -.05
[09:52] {thomcbell} qcom still valid albeit not very exciting
[09:53] {thomcbell} target will be 1:3
[09:53] {thomcbell} ok in with 57.54 stop
[09:54] {thomcbell} qcom 1:1
[09:57] {Threei} Short Setup: LVS .95 breajk hl
[09:57] {Threei} If holds .05
[09:57] {Threei} 1:1 in a hurry
[10:00] {thomcbell} qcom sold 1/2 here +0.15
[10:00] {thomcbell} stop to 57.69
[10:01] {ese} L su .89
[10:02] {thomcbell} qcom 1:2
[10:02] {thomcbell} sold another 1/4
[10:09] {ese} one would think that su would cover the gap to 28.40.......that would be a nice day
[10:10] {ese} as compared to say yesterday....when it felt like i was the dope de do of dope de do's
[10:12] {ese} out 1/2 .15 +.26
[10:12] {ese} stop to .00 balance
[10:18] {ese} out in full su .23 +.34
[10:19] {Beau} very nice management ese
[10:20] {thomcbell} qcom out
[10:20] {thomcbell} 1:4
[10:20] {Beau} and you tbell
[10:21] {Threei} wtg
[10:21] {thomcbell} tu
[10:21] {ese} tks B
[10:21] {ese} nice TB
[10:22] {Beau} vad is not the only good teacher here.
[10:25] {Threei} Long Setup: FCX .20 break
[10:25] {ese} ah hem...........he is for me
[10:25] {Threei} If holds .10
[10:26] {cipher} aapl l.70
[10:27] {Beau} he is the best, but you all sharing is good too.
[10:27] {dino} nice trades ese, tbell
[10:30] {cipher} out 1/2 aapl .30 +.50
[10:30] {dptl} stopped fcx
[10:30] {dino} gj cipher
[10:31] {ese} tks dino.....am outta here though......catch you all on the flip side.....monday...have a great weekend
[10:31] {thomcbell} qcom near broken support from yesterday
[10:32] {thomcbell} 58.45 - will look for a short setup in that zone
[10:33] {cipher} out rest aapl .50 +.80
[10:34] {Beau} great cip--you buy the beer
[10:35] {cipher} buying but not drinking :-)
[10:35] {cipher} I gave up beer
[10:35] {cipher} too much calories
[10:36] {thomcbell} god forbid this clown talked about an energy policy with all these names down so much in energy patch
[10:37] {thomcbell} could make your month today
[10:38] {cipher} tza l .41
[10:39] {dino} cipher, its the carbs not the calories. my advice, drink heavily
[10:39] {Threei} O on tv
[10:40] {cipher} out tza scalp .47
[10:41] {cipher} well I'll do some research on it dino
[10:41] {cipher} maybe I'm punishing myself for no reason
[10:43] {dino} lng l .35
[10:43] {dino} miller lite, ultra, bud 55, mgd 67, busch light all very low carbs
[10:45] {Beau} Kaliber by Guinness. Just like the real stuff
[10:45] {dino} dks sm l .50
[10:46] {dino} fosl sm l .50
[10:46] {thomcbell} looking for qcom and lvs short setups here
[10:47] {thomcbell} both at or near pivot
[10:49] {Threei} lol
[10:49] {Threei} Obama: Sorry I'm late, I was busy Saving or Creating Jobs� and time just got away from me
[10:50] {thomcbell} qcom 58.43 break if holding 58.51
[10:52] {thomcbell} target 1:3
[10:54] {Threei} Short Setup: CAT .40 break hl
[10:54] {Threei} If holds .50
[10:57] {Threei} should've made it two-sided
[10:57] {thomcbell} stopped qcom -.08
[11:00] {thomcbell} looking for another setup on both names
[11:06] {dino} titn sm l .28
[11:08] {dino} fosl stop -.30
[11:10] {thomcbell} can make a case for initiating a short on qcom here with 58.62 stop
[11:14] {thomcbell} stop to 58.52 on qcom short
[11:20] {thomcbell} lvs was there better play obviously
[11:24] {dino} fosl sm l .08
[11:26] {Threei} not finding much today
[11:30] {thomcbell} im watching
[11:40] {dino} zzzzzzzzzzzzzzzzz
[11:41] {Threei} very much
[11:41] {Threei} but with Spain is very likely to ask for bailout over the weekend, we should see some action yet
[11:45] {Threei} - US equities are perking up after a slow start this morning, shrugging off weight from Asia and Europe to trade at session highs mid morning. Note however that volumes are very light.
[11:45] {Threei} Coming into the US session there were reports that European officials would hold a conference call tomorrow to discuss Spain, prompting rumors that the long-anticipated bailout was at hand. Officials in Madrid confirmed that the call would take place and would discuss the situation in Spain
[11:52] {dino} out titn .78, +.50
[11:56] {thomcbell} lvs oof
[12:00] {dptl} yam .70long?
[12:00] {dptl} yum
[12:00] {Threei} nah
[12:02] {dino} hmmm, i think yes, break of recent high w higher low
[12:03] {dino} yum sm l .71 ave
[12:13] {Threei} Long Setup: FAZ .85 break
[12:13] {dino} thx dptl, out yum .00, +.30
[12:13] {dino} \opps .29
[12:13] {Threei} If holds .75
[12:15] {dptl} yw
[12:19] {dino} out fosl .54, +.46
[12:24] {dino} tumi spike
[12:32] {Threei} no news
[12:33] {dino} wow fosl kept going
[12:35] {dino} out lng .48, +.13
[12:56] {Threei} Long Setup: FAZ .55 break
[13:00] {Threei} change to .50
[13:00] {Threei} If holds .45
[13:25] {Threei} Long Setup: FAZ ..35 break
[13:25] {Threei} If holds .25
[13:40] {Threei} half out
[13:40] {Threei} stop to .34
[14:03] {dino} gotta hop. out dks .99 +.49
[14:03] {dino} thx all, have ood weekend
[14:04] {Threei} have fun dino
[14:04] {Threei} hope he meant good, not "ood" whatever that is
[14:12] {Threei} (CA) Canada Fin Min Flaherty: Sees Q2 growth as moderate; concerned about relative weakness of the US- Affirms Canada has contingency plans in the case of a worsening Europe scenario.
[14:13] {Threei} my guess is, cntongency plan if to take fetal position and cry
[14:13] {Threei} (ES) ECB's Constancio, asked if Spain request for aid could come tomorrow, says "anything is possible" - radio interview- Constancio reiterates that he expects Spain will make an aid request and the sooner the better.
[14:42] {Beau} have a good weekend you all
[14:43] {Threei} take care Beau
[15:06] {Threei} guess who is on TV
[15:07] {nemo} wow...haven't done this in a while
[15:08] {nemo} spy has walked right up that trendline from Monday
[15:08] {nemo} IWM pretty much also
[15:08] {Threei} sounds almost like "spy who came from cold"
[15:11] {nemo} looks like next week seriously up
[15:12] {Threei} unless Europe falls apart
[15:13] {nemo} not at least until after Greek elections
[15:13] {Threei} well... they may surprise us and let Spain go dow the drain before that
[15:14] {nemo} nah, can let Greece go, can't do that with spain
[15:19] {Threei} well, they may drop it accidentally :)
[15:19] {Threei} Long Setup: TNA .55 break
[15:24] {Threei} change to .50
[15:25] {Threei} If holds .40
[15:27] {Threei} nah
[15:44] {thomcbell} how is volume guys?
[15:44] {Threei} negligible
[15:44] {Threei} half of yesterday's
[15:45] {thomcbell} certainly a missing ingredient
[15:45] {Threei} no wonder I can't find anything
[15:46] {thomcbell} what a wacky day over at LVS
[15:49] {Threei} now TNA goes
[15:55] {Threei} OK guys, pretty much empty day
[15:56] {Threei} have a great weekend, see you monday
[15:56] {thomcbell} good weekend all
[15:59] {dptl} gn
[16:01] {cipher} gn
[16:01] {cc_8} ltrs
