Session Time: Thu Jun 14 00:00:00 2012
[08:26] {nemo} two setup spy (based on jobs report ;-))
[08:59] {Threei} Spanish bonds yeild 7%
[08:59] {Threei} end is near
[09:00] {nemo} guess they're gonna' get the bull by the horns alright...
[09:01] {Threei} Greece election this weekend almost doesn't matter anymore
[09:02] {nemo} vad. I did a blog entry updating how price action has played out against the levels and how I made that call yesterday
[09:03] {Threei} see it
[09:04] {nemo} I left the part out about the chicken entrails though, thought it a bit too graphic
[09:04] {Threei} so I don't watch video now, was a trade on IWM?
[09:04] {nemo} A virgin sacrifice would have helped, but they're hard to find these days
[09:04] {Threei} I understand... problems, problems
[09:05] {nemo} well, trade on IWM related. Could have been IWM TNA UWM, etc.
[09:05] {Threei} or TNA?
[09:05] {Threei} ok
[09:07] {scottie} gm
[09:08] {Threei} scottie :)
[09:09] {Threei} http://goo.gl/1nh6m
[09:09] {Threei} charts are horryfying in this write-up
[09:13] {ese} gm
[09:14] {Threei} ese :)ese :)
[09:14] {ese} vaddddddddddd!!!!!!!!!!!
[09:14] {ese} awesome news yesterday
[09:14] {Threei} hm.. seeing double
[09:15] {Threei} �
[09:15] {Threei} ?
[09:15] {ese} The Midnights are going to be doing the Symphony Splash in the inner harbour
[09:15] {Threei} wow
[09:15] {ese} got a call from the Executive director of the orchestra yesterday
[09:15] {Threei} congratu;ations
[09:16] {ese} tks......
[09:16] {ese} don't get a chance to play for 10 to 20 thousnad people very often so it should be alot of fun
[09:16] {ese} although
[09:16] {Threei} no kidding
[09:17] {ese} were are in the 2 to 4pm slot so there will only be about 5 to 8 thousand max at that time
[09:19] {Threei} ese, look dcc pls
[09:19] {ese} http://www.victorialodging.com/splash_photos we will be on the barge in the middle of the harbour everyone
[09:20] {Threei} coolest thing... ends with fireworks
[09:20] {Beau} good morning you all and ese-the star.
[09:21] {Threei} beau :)
[09:23] {Threei} SPY climbed back in green
[09:24] {jimmy} GM everyone
[09:24] {Threei} jimmy :)
[09:24] {Threei} the only reason for that I can think of is rumor that Greece "secret polls" show Democrats winning election
[09:24] {ese} tks B........will feel like one that day
[09:24] {Threei} so the collapse is not this weekend yet if true
[09:26] {Threei} could just as easily tunr out to be merely a speculation
[09:28] {Threei} but with Spanish bonds yiled at 7%, I have hard time to view anything in bullish light
[09:31] {Threei} Short Setup: FCX .30 break hl
[09:31] {Threei} If holds .40
[09:33] {Threei} 1:1
[09:34] {Threei} 1:2, out
[09:34] {Threei} too soon
[09:34] {dptl} gm
[09:34] {scottie} scalped at .20 ty vad
[09:34] {Threei} yw
[09:34] {Threei} dp :)
[09:34] {Beau} good beginning vad
[09:35] {Threei} SLW was on radar for short too but broke down with no setup
[09:38] {Threei} Short Setup: JNPR 16 break hl
[09:38] {Threei} If holds .10
[09:39] {Threei} Invalidated
[09:39] {Threei} change to .10 break
[09:40] {Threei} Short Setup: SLW .40 break
[09:40] {Threei} If holds .50
[09:40] {Threei} JNPR, let's keep .16 stop
[09:40] {Threei} aggressive entry for that same 16
[09:40] {Threei} so cover half just above it and see if it takes elevator down
[09:42] {Threei} no go SLW
[09:43] {Threei} x
[09:43] {Threei} nevermind
[09:44] {Threei} half out JNPR
[09:45] {Threei} stop to .11
[09:45] {Threei} Long Setup: FAZ .50 break
[09:45] {Threei} If holds .40
[09:45] {Threei} OK JNPR... let's see waterfalls
[09:48] {Threei} SINA
[09:48] {Threei} Sina Corporation Ticking higher on blog reports that Sina Weibo microblog service will be fully integrated into Windows 8 operating system- Blog asserts that a Microsoft employee has confirmed in a company blog that Sina Weibo, the popular Twitter-like social network, will be fully integrated into the upcoming Windows 8 final release.
[09:48] {Threei} Long Setup: TZA 22 break
[09:49] {Threei} stop .94
[09:50] {Threei} nope
[09:50] {Threei} was good for measly 5 cents
[09:52] {Threei} Short Setup: MS .55 break
[09:53] {Threei} Short Setup: JPM .35 break
[09:54] {Threei} If holds .45
[09:54] {nemo} stealth climb in indexes
[09:54] {Threei} disregard MS
[09:56] {Threei} JPM's own setup is good, SPY disagrees
[09:57] {Threei} OK, let's do a compromise - stop to .41
[09:57] {Threei} tightening risk
[09:58] {Threei} it's relative weakness looks promising but if market continues climbing...
[09:59] {scottie} out jpm flat
[09:59] {Threei} out
[09:59] {Threei} no news for this market move
[10:00] {Threei} incredibly listless drifing this week
[10:00] {nemo} technical, IWM moved to Weekly Pivot
[10:00] {scottie} btw scalped jnpr for +.10, ty Vad
[10:00] {Threei} :)
[10:04] {Threei} watching TZA for dive under .60 for double bottom entry
[10:06] {Threei} Long Setup: TZA .60 break
[10:06] {Threei} If holds .55
[10:07] {dino} crazy market, -140, +140, -100, +90
[10:07] {Threei} no kidding
[10:08] {Threei} too many cross-currents
[10:08] {Threei} spain... greece... qe3...
[10:08] {Threei} friking JPM, rinse
[10:09] {Threei} TZA target .75 - .80, two partials
[10:09] {Threei} half out here
[10:09] {Threei} stop to .58
[10:14] {Threei} and on top of all that, Soc Gen yesterday said they see no way for Italy not to be next
[10:15] {Threei} out second half .77
[10:16] {dino} aol stop -.21
[10:16] {Threei} pleasant play on TZA, seen and called in advance
[10:17] {Threei} JPM forms double bottm .20 - .25
[10:18] {Threei} not sure we want it...
[10:18] {Threei} nah, we don't
[10:21] {thomcbell} gdx looks very vulnerrable
[10:22] {Threei} thonkomg .40 break?
[10:22] {Threei} thinking
[10:26] {Threei} SPY stalled
[10:26] {Threei} won't be for long though
[10:28] {Threei} cipher... see if AAPL gives you double bottom under .50
[10:31] {Threei} Long Setup: CAT .65 break hl
[10:31] {Threei} If holds .55
[10:32] {Threei} (EU) IMF: Hopeful G20 will make decisions regarding IMF resources at the upcoming meeting
[10:32] {Threei} no go
[10:33] {Threei} IMF had to open their mouth right this moment
[10:33] {Threei} - NYSE volume 125M shares, about 24% below its three-month average; - NASDAQ volume 305M shares, about 19% below its three-month average
[10:34] {Threei} with this volume, no wonder we get these whipsaws
[10:35] {scottie} cat rinse
[10:35] {Threei} rinse is the constant motive of last two days
[10:36] {Threei} I don't remember when we saw that many of them
[10:36] {Threei} look it it
[10:37] {dino} pvh sm s .80 ave, bstop .01
[10:41] {dino} stop .99, -.19
[10:41] {dino} not my day so far
[10:41] {Threei} 50% Trust Romney More Than Obama To Handle Economy
[10:41] {Threei} I'll trust only those who promise to stop handling it
[10:44] {Threei} SPY starts looking like new highs in cards
[10:44] {Threei} so, if that transpires, lt's try and adjust to rinses:
[10:44] {Threei} let CAT break .90m, wait for a drop to about ,70, then enter
[10:45] {dino} pvh rinsed
[10:45] {Threei} welcome to the club
[10:46] {dino} i'd like to says thanks, but...
[10:46] {Threei} yeah :)
[10:47] {dino} i don't understand how this market is staying up w/all the euro news
[10:47] {Threei} denial... hope for Greece election to go EU wasy...
[10:47] {Threei} then Spain worries take over
[10:48] {Threei} but for now Greece is the closest trouble
[10:49] {dino} the whole continent is going under
[10:50] {Threei} well, it's so obvious by now that I have hard time understanding why Euro is not under parity yet
[10:50] {Threei} maybe enormity of the event just prevents players from seeing it for what it is
[10:52] {Threei} or they really hope for Germany to yiled to the pressure and take over all the debts
[10:52] {Threei} (as if it fixes anything)
[10:52] {dino} i'm telling you, if i were germany i'd just leave the euro go back to d-mark
[10:54] {Threei} in an ironic twist, this time CAT decided not to rinse
[10:56] {ese} outta here....busy couple of days....cya tomorrow
[10:56] {Threei} take care ese
[10:58] {dino} cya
[11:05] {Threei} Short Setup: X .34 break
[11:05] {Threei} If holds .40
[11:06] {dino} pvh sm s .27
[11:14] {Threei} scratch X
[11:19] {Threei} Long Setup: TNA .85 break hl
[11:19] {dino} pvh stop -.29
[11:19] {Threei} stop under .75
[11:20] {Threei} target 1:2
[11:21] {dino} pall spike
[11:21] {Threei} Pall Corp Guides initial FY13 Rev up in low single digits; reaffirms FY12 EPS (cont ops) of about $2.72 v $2.71e - William Blair conf slides
[11:24] {Threei} come on .90 seller, give up already
[11:24] {Threei} finally
[11:25] {Threei} 1:1
[11:25] {Threei} play by the book
[11:25] {Threei} half out, stop to under b/e
[11:25] {scottie} target 1:3 now?
[11:25] {Threei} 1:2
[11:29] {scottie} played by the book +.21 ty Vad
[11:29] {Threei} :)
[11:30] {nemo} grind up day
[11:30] {scottie} back on the + side
[11:30] {Threei} yeah, squeezed last play just on that
[11:31] {Threei} problem with such days usually is, they don't offer setups
[11:31] {Threei} this one did though
[11:34] {scottie} 1:2 was perfect target Vad
[11:36] {nemo} iwm at trend
[11:41] {dino} fosl sm s .49 bstop hod
[11:47] {dino} fosl to b/e
[11:47] {scottie} hcp 42?
[11:52] {dino} cov fosl .39, +.10
[12:01] {dino} ugh fosl
[12:01] {dino} sm s pvh .80
[12:05] {Threei} can't tell if trend changes or SPY just sleeps in a narrow range for a while
[12:05] {Threei} be baclk in 20
[12:13] {dino} stop
[12:14] {dino} wtf another rinse
[12:35] {Threei} (IT) Italy PM Monti: Discussed European integration, euro zone crisis with French President Hollande; agreed on main points needed to deal with the crisis- Monti notes he is clearly in the French camp when considering what measures to take to resolve the crisis
[12:35] {Threei} but of course
[12:40] {Threei} chuckle brothers...
[12:40] {Threei} Need to boost growth without abandoning fiscal discipline, fiscal discipline alone is not enough to boost job, economic growth. - Reiterates need for Greece to stay in euro and honor its commitments.
[12:41] {Threei} good luck with all that
[13:11] {Threei} lol
[13:11] {Threei} want more from one of chuckle brothers?
[13:11] {Threei} (EU) France President Hollande: Europe needs mechanisms to prevent market speculation and support member states and banks facing turmoil
[13:21] {Threei} http://goo.gl/P6bik
[13:25] {dino} fosl sm s .56
[13:26] {nemo} was thinking time for faz before I went for coffee
[13:26] {Threei} it as 50/50 really.ould have break downjust as easily
[13:36] {scottie} ed .45 ?
[13:36] {Threei} no... too narrow
[13:36] {scottie} ok
[13:36] {Threei} 25 cents whole day's range
[13:37] {Threei} unless you are willing to endure long fight for 5 cents gain, leave it be
[13:37] {scottie} would accept 5 cents with 1 million shares
[13:39] {dino} stop fosl
[13:42] {Threei} (GR) Greece Syriza leader Tsipras: Reiterates that Syriza will not form a coalition government with pro-bailout parties- Reiterates that the election is a referendum on the bailout. - Spain was able to negotiate EU support without any demands for austerity.
[13:43] {dino} wow, rinsed again
[13:44] {Threei} name of the game these two days
[13:45] {nemo} now are we getting the right side of an H&S on SPY and IWM
[13:47] {Threei} if that's what plays out, then TZA should become a play here
[13:47] {Threei} .60 break
[13:47] {Threei} alternative, if loses .50, then .50 recross if holds .40
[13:48] {nemo} this 75.90 level WPP and 200 SMA on IWM
[13:48] {scottie} H&S nemo?
[13:48] {nemo} NKE shaping up short
[13:48] {nemo} Head & Shoulders-it's not another flaky pattern you know
[13:49] {scottie} of course thanks
[13:50] {nemo} actually that was the title of an SEC study on the pattern
[13:52] {scottie} in .51
[13:56] {scottie} wrong direction I'm out
[14:00] {nemo} NKE swatted down, back near lows, looks weak
[14:21] {dino} hun spike
[14:24] {dino} mkt dropping
[14:25] {dino} fosl sm s .16
[14:25] {Threei} here comes TZA
[14:26] {Threei} (EU) France Industry Minister: Germany Chancellor Merkel is "blinded by ideology."
[14:26] {Threei} eeck
[14:27] {nemo} yeah, she doesn't want to fund their credit card indefinitely...
[14:27] {nemo} spy vwap
[14:27] {Threei} amazing
[14:27] {nemo} what?
[14:27] {nemo} my intellectual brilliance?
[14:28] {Threei} french chuckle brothers
[14:28] {Threei} well, that too
[14:28] {nemo} ahhhh, sniff sniff
[14:28] {nemo} I'm such a humble sod of the earth kinda' guy
[14:29] {nemo} I do sometimes have trouble differentiating between fantasy and reality though
[14:29] {nemo} but....
[14:29] {nemo} I have bunny
[14:32] {Threei} playboy bunny
[14:35] {nemo} unfortunately...nah
[14:35] {nemo} funny
[14:35] {nemo} bunny usually sleeps during the day and comes out around 4 or 5
[14:35] {nemo} but I start wrinkling the tortilla chip bag and suddenly I have a visitor
[14:36] {nemo} frickin' mexican bunny
[14:39] {Raven} Is bunny toilet trained?
[14:42] {nemo} she's house broken yes
[14:43] {nemo} wow...Thus spoke the Raven
[14:43] {nemo} I know that's mixing titles, but...
[14:43] {Threei} spake
[14:43] {nemo} sprach
[14:43] {Raven} lol
[14:43] {nemo} Verdammte Vogel
[14:44] {Raven} is that bunny a cottontail?
[14:44] {nemo} Yeah, pretty amazing, they housebreak themselves...surprised when I read it
[14:44] {nemo} Yeah, my nephew saved it when it was a baby from a marauding feline
[14:44] {nemo} it was so small it could crawl down a toilet paper tube
[14:45] {Raven} is that bunny a cottontail?
[14:45] {nemo} ok looks like another drop coming, iwm pivot at .64
[14:45] {nemo} looking for long setup by then
[14:45] {nemo} yes it's a cottontail
[14:46] {Raven} Obama requires that you have a permit to keep a wild animal
[14:46] {nemo} no shit
[14:46] {Raven} of course
[14:46] {nemo} In Massachusetts having wild animals is an issue
[14:46] {nemo} My friend had a baby deer show up in his back yard
[14:46] {nemo} mother must have gotten killed
[14:46] {Raven} prolly need a State permit too
[14:46] {nemo} it would hang around with his dogs
[14:46] {Threei} Long Setup: FAZ .10 break
[14:46] {Raven} you are a criminal
[14:47] {nemo} he would put them in a pen at night and the deer would go with them
[14:47] {Threei} If holds 26
[14:47] {nemo} Needless to say he got busted. $5k fine
[14:47] {nemo} The deer could come and go as it pleased, but they called it a pet
[14:47] {Raven} sheesh
[14:47] {nemo} this is fas vwap
[14:48] {nemo} yeah no kidding
[14:48] {dino} fosl bstop to .86
[14:48] {nemo} People's Republic of Massachusetts
[14:48] {Raven} yup
[14:49] {nemo} o.k. that IWM SPY long is shaping up
[14:49] {nemo} watch setup here IWM and .72 SPY
[14:50] {nemo} here we go
[14:50] {dino} cov fosl .82, +.34
[14:51] {nemo} not showing real strength yet though
[14:53] {nemo} not yet
[14:53] {Threei} my target's 1:3
[14:53] {Threei} if there is any leftovers of common sense, we should see nice juicy selloff now
[14:55] {dino} ndx red
[14:55] {nemo} tick keeps moving down
[14:55] {Threei} COMP too
[14:59] {dino} fosl sm s .57
[14:59] {Threei} stop .05 FAZ
[14:59] {Threei} half out
[15:00] {dino} 07 all red
[15:00] {Threei} let's try and ride this selling wave
[15:00] {Threei} we waited for it long enough
[15:03] {Threei} ugh
[15:03] {Threei} scalpers win
[15:03] {scottie} That's it for me guys, see you tomorrow
[15:04] {Threei} take care scottie
[15:04] {Threei} TZA
[15:04] {Threei} nice pullback
[15:04] {dino} cya
[15:04] {Threei} watching for entry
[15:05] {dino} fosl stopped -.30
[15:06] {Threei} hmmm
[15:06] {dino} pvh sm l .72
[15:06] {Threei} must be news
[15:06] {nemo} new it was close
[15:06] {nemo} knew
[15:06] {Threei} yes
[15:06] {nemo} no
[15:06] {nemo} technical level
[15:06] {Threei} no, news
[15:06] {Threei} G20 said to indicate that Central banks are preparing for coordinated action to provide liquidity if necessary after the Greece elections
[15:07] {dptl} see ya tomorrow all, got to go
[15:07] {dino} cya
[15:07] {Threei} take care dp
[15:08] {dino} out pvh .22, +.50
[15:10] {thomcbell} this is bananas
[15:12] {dino} agreed
[15:12] {dino} seems they are getting ready for the greek drop out of euro
[15:12] {nemo} glad I was looking for a long there
[15:12] {nemo} vaseline anybody?
[15:13] {dino} so much for free markets
[15:15] {dino} doesn't make sense, standing ready is for bad news
[15:16] {thomcbell} unless you are balls short and leaning
[15:16] {thomcbell} hehehe
[15:17] {dino} fosl sm s .60
[15:18] {thomcbell} short setup lvs 45.84 break if holding 45.95
[15:19] {nemo} well that sure F's up the setups
[15:19] {thomcbell} target 1:3
[15:19] {dino} cov fosl .20, +.40
[15:19] {thomcbell} 1:1
[15:20] {Beau} gj dino
[15:20] {dino} ty, need one more for green, rough morning
[15:21] {thomcbell} lvs 1:2
[15:22] {Threei} nice
[15:22] {dino} gj
[15:22] {thomcbell} covered 1/4 here
[15:22] {dino} fosl sm s .09
[15:23] {thomcbell} 1:3
[15:23] {Threei} interesting
[15:23] {Threei} look how quickly market gets disillusioned
[15:23] {Threei} this kind of news used to cause multidays' rally
[15:24] {nemo} reality set in that that's actually bad news
[15:24] {Threei} now it buys us 5 min
[15:24] {thomcbell} stop to 45.66 on balance
[15:24] {nemo} No, it buys me an open bottle
[15:24] {Threei} just as Spain bailout bought us one gap
[15:24] {dino} lol
[15:25] {thomcbell} only 1/4 lvs left with 43.66 stop
[15:26] {thomcbell} out
[15:28] {Threei} (GR) Euro zone finance ministers confirm to hold a conf call on Sunday night after the Greek election results to discuss the results
[15:29] {Threei} CNBC's Liesman: Have contacted ECB over latest leaked reports on possible coordinated intervention for liquidity; ECB had no comment
[15:29] {Threei} one thing is for sure: next week will be anything but boring
[15:30] {dino} germany preparing panzer division
[15:31] {Threei} lol
[15:31] {dino} fosl stop
[15:32] {nemo} hehehehe...that was a leak to squeeze the shorts
[15:32] {nemo} too funny
[15:41] {Threei} Long Setup: TZA .40 break
[15:42] {Threei} last scalp
[15:43] {Threei} stop .34
[15:43] {Threei} missed first spike for half out
[15:43] {dino} pvh sm s .35
[15:44] {thomcbell} we have to remember the heavy distribution on massive volume that happened in qcom today
[15:45] {thomcbell} if gap up - nice short candidate
[15:45] {Threei} half out .47
[15:45] {Threei} out second half
[15:45] {Threei} sheesh
[15:45] {Threei} what's with speed both ways
[15:46] {thomcbell} if u r short spy tonite there is a .70 dividend u r responsible 4
[15:46] {thomcbell} a friend just told me
[15:49] {Threei} could be a reason for some short covering
[15:51] {dino} crazy, they basically say we are preparing for the worst, so market goes up 100
[15:57] {Threei} OK guys, thank you all
[15:58] {Threei} have a good evening, qwe have even more fun tomorrow I suspect
[15:59] {dino} cov pvh .22 +.13
