Monday, June 25, 2012

June 25 2012

Nice strong start to the week with 6 wins and two 5-6 cents stops. Take a look at the discussion of the call from  13:05 to 13:09 and view the 1 min chart of FCX to track the train of thoughts.



Session Time: Mon Jun 25 00:00:00 2012
[08:58] {dino} gm
[08:58] {Threei}  morning dino
[08:59] {jackharry} Good morning everyone
[08:59] {Threei}  morning jack, welcome aboard
[09:00] {jackharry} Thank you
[09:00] {Threei}  (EU) German Chancellor Merkel: Aim is Political Union with stronger oversight; Mutual liability is both politically and economically wrong- Rejects joint deposit insurance if it means joint liability - Rejects joint Euro bonds and joint Euro bills
[09:01] {Threei}  wow... she is still holding out
[09:01] {Threei}  can't help but applaud
[09:01] {Threei}  the pressure on her is enormous
[09:01] {dino} she should opt out of euro
[09:01] {Threei}  no kidding
[09:01] {dino} cut germanys' losses
[09:02] {nemo} mmmmhhhhthe stress hasn't caused her to lose any weight
[09:05] {Threei}  and Soros is predictably jerk:
[09:05] {Threei}  �Merkel has emerged as a strong leader,� Soros said. �Unfortunately, she has been leading Europe in the wrong direction.�
[09:05] {Threei}  He called on Europe to set up a fund to buy Italian and Spanish bonds, saying that a failure by leaders meeting this week to produce drastic measures could be fatal.
[09:05] {Threei}  can you believe this?
[09:07] {Threei}  and ECB lowered collateral treshold
[09:07] {Threei}  lol
[09:07] {Threei}  their loans were of such high quality up to now, may afford some relaxing
[09:13] {Threei}  InTrade odds individual health care mandate ruled unconstitutional now up to 73.7%
[09:14] {Threei}  oh yeah, decision should be announced today
[09:14] {jimmy} GM everyone
[09:14] {Threei}  this should be interesting
[09:14] {Threei}  jimmy :)
[09:14] {dptl} gm
[09:14] {scottie} gm
[09:14] {Threei}  dp :)
[09:15] {Threei}  scottie :)
[09:15] {Threei}  missed a good week jimmy... :(
[09:15] {Beau} good morning all
[09:15] {jimmy} Yeah, got to work though. My schedules are unpredictable.
[09:16] {Threei}  beau :)
[09:23] {Threei}  Morgan Stanley will let its 18,000 financial advisers use Twitter... with pre-written tweets
[09:23] {Threei}  must follow I guess
[09:24] {Threei}  main question for the open: wait a few min or jump right in
[09:26] {Threei}  FAZ
[09:26] {Threei}  .20 break looks tempting
[09:31] {Threei} Short Setup: FCX  .10 break
[09:31] {Threei}  If holds  .20
[09:32] {nemo} spy bounce around .75
[09:32] {Threei}  FAZ got away unless you were willing to enter premarket
[09:33] {Threei}  FCX, change to .25 break
[09:33] {Threei}  If holds  .35
[09:34] {nemo} o.k. bounced at .76
[09:34] {Threei}  lol
[09:34] {Threei}  FCX valid
[09:35] {Threei}  .36 stop
[09:36] {Threei}  takes too long... trail to .31
[09:36] {nemo} SPY already at extreme range for day
[09:36] {Threei}  morning trades should develop faster
[09:37] {Threei}  to .26
[09:37] {Threei}  1:1
[09:38] {scottie} +.10 ty Vad
[09:38] {Threei}  yw
[09:38] {Threei} Long Setup:  IWM  .25
[09:38] {Threei}  If holds  .15
[09:41] {Threei}  let's scratch it
[09:41] {nemo} When Black Monday comes ....channeling Steely Dan
[09:41] {Threei}  SPY is sick still
[09:41] {Threei}  out .21
[09:41] {Threei}  FCX 1:2, out
[09:42] {nemo} time for the hemrhoid pillow I think
[09:43] {Threei} Long Setup:  LVS  .45 break hl
[09:44] {Threei}  If holds  .35
[09:45] {Threei}  ugh IWM
[09:45] {Threei}  LVS 1:1
[09:46] {Threei}  1:2, out
[09:49] {_dolores} GM
[09:49] {Threei}  morning dolores
[09:50] {Threei}  missed couple good ones...
[09:51] {ese} morning.....late to the party
[09:51] {Threei}  morning ese
[09:51] {nemo} mos looking short
[09:51] {Threei} Short Setup: LVS  .40 break
[09:51] {Threei}  hl
[09:52] {Threei}  If holds  .50
[09:52] {Threei}  a bit too jumpy, so hl
[09:52] {Threei}  target 1:2
[09:53] {dino} kex sm l .59
[09:54] {dino} geoy sm l .49
[09:54] {Threei}  1:1
[09:54] {Threei}  play by the book
[09:55] {Threei}  half and trail to b/e
[09:55] {nemo} o.k. careful spy coming into DB
[09:55] {Threei}  right
[09:55] {Threei}  I feel it will fail
[09:55] {nemo} just saying careful
[09:55] {Threei}  but may bounce first, enough to rinse
[09:56] {Threei}  yeah, my point is - careful enough to partial, not believing in it enough to go long
[09:56] {nemo} oh oh, I had the same thought
[09:56] {nemo} IWM higher low
[09:56] {nemo} New home sales coming
[09:56] {Threei}  at 10
[09:57] {ese} geoy.....working
[09:57] {dino} indeed
[09:57] {Threei}  Consensus expectation: 346Ke v 343K prior
[09:58] {Threei}  scalpers win
[09:58] {Threei}  OK, let's sit out numbers and see what transpires next
[09:58] {ese} L rio .05
[09:58] {Threei}  we are 3 1/2 out of 4
[10:00] {dino} out geoy .93, +.45
[10:00] {ese} I like the way this works.......while i'm typing my buy on the board i look up and voila....the stock has jumped up 10cents.......you never told me about this bonus vad...awesome
[10:00] {Threei}  *(US) MAY NEW HOME SALES: 369K V 346KE
[10:00] {ese} nice
[10:00] {Threei}  lol ese
[10:01] {ese} out 1/2 3/4 lot .17 +.12
[10:02] {ese} stop to break even balance
[10:02] {dino} out kex .47, -.12, bad entry
[10:02] {Threei} Long Setup:  TZA  .80 break
[10:03] {ese} this keeping up to the Jones' is over rated.....it's the keeping up to the Dino's of the world thats a buggar!!!!!
[10:03] {Threei}  lol
[10:03] {dino} hardly
[10:04] {Threei}  lay out half TZA just under .90
[10:04] {Threei}  stop .74
[10:05] {Threei}  here is half out
[10:05] {Threei}  scalpers know what to do
[10:05] {Threei}  stop to .79
[10:06] {nemo} iwm holding trend for the moment
[10:07] {ese} phewwww....escaped death on rio balance.....
[10:09] {ese} ohhhhhh nooooooo ......arggggghhhhhh stopped balance .04 -.01
[10:10] {Threei}  stop to .84
[10:10] {dino} kex sm l .70
[10:10] {Threei}  no lose territory, gotta try and squeeze something else using house money
[10:11] {Threei}  1:2
[10:11] {Threei}  1/4 more out
[10:11] {scottie} 1/2 .89 and 1/2 .98 ty Vad
[10:11] {Threei}  :)
[10:12] {Threei}  good numbers cause spike - and traders use it to exit, dumping index back to low
[10:12] {Threei}  what does it tell us?
[10:12] {Threei}  bear is in da house
[10:12] {dino} kex stop-.30
[10:12] {Threei}  stop to .89 for the last piece
[10:13] {Threei}  SPY loses .40, we get another leg down in a hurry
[10:16] {Threei} Long Setup:  FAZ.70  break
[10:16] {Threei} Long Setup:  FAZ  .70 break
[10:17] {Threei}  (EU) ECB Nowotny: Favors EFSF bond purchases over buying itself- Greek talks can't start with wish for more time
[10:17] {dino} kex last try sm l .00
[10:18] {dino} out kex .40, +.40
[10:18] {Threei}  last part TZA out
[10:18] {Threei}  1 cent to 1:3
[10:18] {nemo} tna .95 for a scalp
[10:18] {nemo} might not get there
[10:19] {Threei}  no healthcare ruling today
[10:19] {Threei}  let's trail FAZ to .64
[10:19] {nemo} in
[10:19] {Threei}  out
[10:20] {Threei}  band is a bit overstretched
[10:20] {nemo} out, no bounce
[10:21] {Threei}  (DK) Denmark PM Thorning-Schmidt: Richer European countries should be the one to provide more economic stimulus
[10:21] {Threei}  right
[10:22] {dino} lod
[10:23] {Threei}  when does a defaulting debtor have an upper hand over creditor? - when a loan is big enough to bankrupt a creditor
[10:24] {nemo} 131.15 next level for spy should coincide with spy bottom
[10:28] {thomcbell} long setup qcom 53.70 break if holding day low
[10:28] {Threei}  feels like bounce is coming
[10:28] {thomcbell} target 54
[10:28] {Threei} Long Setup:  IWM  .20 break
[10:29] {Threei}  If holds  .15  scalpersa, .10 day traders
[10:30] {thomcbell} using 53.60 as stop in qcom
[10:30] {thomcbell} so 1:1 here
[10:30] {Threei}  *(US) JUN DALLAS FED MANUFACTURING: 5.8 V -1.0E
[10:31] {thomcbell} long setup FIO 20.40 break if holding 20.25 half lot
[10:31] {dino} kex sm l .41
[10:31] {nemo} well, so much for that bounce
[10:31] {Threei}  let's take half off
[10:31] {ese} numbers coming in ahead
[10:32] {thomcbell} partialling qcom 53.85
[10:32] {Threei}  and trail to .18
[10:32] {Threei}  I'd trust this bounce more if it occured with no good numbers
[10:33] {thomcbell} fio 1:1 kind of
[10:33] {thomcbell} hehe
[10:33] {Threei}  1:1ish? :)
[10:33] {thomcbell} correct sir
[10:33] {nemo} btw...IWM bottom coincides with the 200 day SMA
[10:34] {dino} out kex .76, +.35
[10:34] {Threei}  wtg
[10:35] {dino} ty
[10:35] {thomcbell} qcom 1:2
[10:35] {nemo} think we get bounce here
[10:36] {thomcbell} qcom out 53.96
[10:37] {dino} ty tbell, out qcom +.20
[10:37] {Threei}  out second half IWM
[10:38] {dino} geoy sm l .66
[10:38] {thomcbell} fio legitimate now
[10:39] {thomcbell} partialled at 20.55
[10:41] {thomcbell} out fio 20.50
[10:42] {thomcbell} market a bit angry here
[10:42] {thomcbell} taking a chop more than fine in this environ
[10:42] {Threei}  Russia preparing new attempt at Syrian arms shipment, 're-insures' ship under Russian flag
[10:42] {Threei}  that recet button works really well
[10:43] {Threei}  reset too
[10:43] {thomcbell} looking for another qcom entry near day low
[10:44] {nemo} that daily looks horrible
[10:44] {thomcbell} qcom yes
[10:45] {Threei}  starts looking ,like another breakdown is coming
[10:45] {Threei}  in SPY
[10:45] {dino} gut says "yes"
[10:45] {Threei}  FAZ
[10:46] {Threei}  will try again
[10:46] {Threei}  .75
[10:46] {Threei}  half lot
[10:46] {Threei}  still hard to evaluate how much downside is left
[10:46] {Threei}  stop will be .64
[10:47] {thomcbell} looks like test of 200 sma will happen in spx
[10:48] {nemo} still a ways away if it reaches it today
[10:51] {ese} L rio .86
[10:51] {Threei}  invalidated for now
[10:55] {ese} looking for that big leather boot your service provides for unco-operative stocks vad
[10:55] {ese} ahhhhhhhh wait a minute.......there we go
[10:56] {ese} hmmmmm no
[10:57] {ese} rats....the fish that got away...thought about stz on the pullback at .25........hmmmmmm should coulda woulda
[10:58] {Threei}  RIO works, doesn't it?
[10:58] {Threei}  and is about to break 45... and, how do you spell it...
[10:58] {Threei}  iksplode
[10:58] {nemo} rio looks short here
[10:59] {ese} ya.....i like the way this one trades during hours.......tends to gap up or dn pre mrkt...other than that a good trading one
[10:59] {nemo} topped out at vwap
[10:59] {Threei}  not to me... it's SPY pullback that kept it from an all-out break for now
[11:00] {ese} eekkkspaaaalode.....i believe is the correct spelling
[11:00] {ese} lol
[11:00] {Threei}  I'll take your word for it, English is your native after all
[11:00] {ese} ah well....stop is in at break even.....free money at this point
[11:01] {ese} lol
[11:01] {Threei}  but any other spelling that "eqzaktly," and I'll have to question it
[11:01] {ese} why yes it is.......
[11:01] {nemo} yeah, but he's a frickin' musician
[11:01] {ese} that too
[11:01] {Threei}  don't hold it against him nemo... he has some valid excuses
[11:02] {Threei}  ok RIO
[11:02] {Threei}  chew through that wall
[11:02] {ese} daaaaaaaa
[11:03] {Threei}  let's call it "guilty with explanation" nemo... re: ese being a musician
[11:04] {Threei}  SPY is still in the way
[11:04] {ese} aaaaaaarrrrrrrrggggghhhhhhhh........phewwwwwww
[11:04] {nemo} you guys long rio...oops
[11:05] {ese} ahhhhhhhhh   arrrrrggghhhhh
[11:05] {Threei}  ese is from .86
[11:05] {nemo} I'm short from .95
[11:05] {ese} play by play of writhing in my chari
[11:05] {ese} chair
[11:05] {nemo} 1:1
[11:06] {nemo} hehehehe
[11:06] {ese} nope stopped .81 +.00
[11:06] {nemo} stop above the whole
[11:06] {ese} sorry .86
[11:06] {ese} was worth the gamble
[11:08] {Threei}  (US) Fed's Lacker: Nothing is ever a foregone conclusion with regards to further stimulus
[11:08] {Threei}  wrong... that it's destined to dig a deeper hole for all of us IS a foregone conclusion
[11:10] {Threei}  now, this is the best joke of the day:
[11:10] {Threei}  (EU) European Union plans offering of benchmark bond due 2028 - financial press
[11:17] {Threei} Long Setup:  SPXU  .05 break
[11:17] {Threei}  If holds  53
[11:19] {nemo} stop .91 on rio
[11:19] {Threei}  Invalidated
[11:19] {Threei}  was an attempt to find the way to play SPY breakdown had it come to fruition
[11:20] {nemo} fio
[11:20] {thomcbell} ?
[11:20] {nemo} mistype
[11:21] {nemo} been hanging around vad too long
[11:21] {Threei}  me too
[11:21] {dino} geoy sm l .24 ave
[11:21] {Threei}  guy's insufferable
[11:22] {nemo} rio back to vwap
[11:25] {Threei}  market stalled, I am in waiting mode... so far so good, 5 wins and two small stops (about 5 cents each)
[11:26] {nemo} gap up, gap down-always tame
[11:26] {nemo} well, almost always
[11:28] {Threei}  lol, twitter jokers...
[11:28] {Threei}  f there's a Grexit will it be followed by Spanic and the Quitaly
[11:29] {thomcbell} long setup bbby 60.01 break if holding 59.91
[11:30] {nemo} progressively lower highs spy
[11:30] {thomcbell} invalidated
[11:30] {thomcbell} still watching it for an entry
[11:31] {thomcbell} buy back in place - now big offer at 60 on bbby
[11:33] {thomcbell} Quitaly is better coinage than Mario Batali's Eataly
[11:40] {thomcbell} bbby 59.65 break if holding 59.55
[11:41] {thomcbell} target 60
[11:56] {thomcbell} tightening risk to 59.60 on bbby
[11:58] {Threei}  SPXU was the right idea, but no setup
[11:59] {thomcbell} lost 0.07 cents with slippage on bbby
[12:05] {Threei}  yprus applies for EU bailout
[12:05] {Threei}  Cyprus
[12:09] {nemo} could make an argument for tna here
[12:10] {nemo} we're so stretched the low is not gonna' give an ideal setup
[12:16] {nemo} should have taken my own advice
[12:17] {Threei}  can't blame you for skipping it
[12:17] {Threei}  was pretty much 50/50
[12:17] {nemo} yeah I understand
[12:18] {nemo} iwm broke it's downtrend, spy about to
[12:18] {Threei}  pullback hunt in order
[12:18] {nemo} Ithink we do the vwap run here
[12:21] {nemo} Now for a little verbal diarrhea:
[12:21] {nemo} I was thinking long because you had two significant supports.  200 daily sma on IWM and QS1 on SPY
[12:21] {nemo} everything is quiet, everybody is afraid
[12:22] {nemo} We're in the lunch hour where they like to change direction
[12:22] {nemo} Now I didn't pull the trigger, and I didn't get my classic setups, although there were setups
[12:22] {Threei}  pullback should come now, and is likely to be the only chance to catch some profits on a long side
[12:23] {nemo} also, IWM's vwap was in relatively easy reach where it currently topped at .30 which also it's weekly S1
[12:23] {nemo} o.k. done puking
[12:23] {Threei}  ideally, IWM entry around .20 or just under,
[12:24] {Threei}  and FCX between .60 and .65
[12:26] {nemo} gdx long .11
[12:27] {nemo} stop just under .00  I was late on that
[12:30] {Threei}  first sign of strength from here
[12:31] {Threei}  IWM
[12:31] {Threei}  in
[12:31] {Threei}  .23
[12:31] {Threei}  .15 stop
[12:32] {Threei}  target half out near .30 and second half betweem .35 anfd .40
[12:32] {nemo} tna .91
[12:32] {nemo} well if it get's back there
[12:34] {nemo} out gdx
[12:35] {Threei}  US President Obama 'pleased' with high court immigration ruling, but 'concerned' about remaining provision - @AP
[12:35] {Threei}  yes, police officer's right to check on immigration status is a grave concern
[12:37] {nemo} i'm out
[12:41] {nemo} rinse
[12:41] {Threei}  half out
[12:42] {Threei}  stop to .19
[12:42] {scottie} half out .28
[12:42] {Threei}  that was self-infliced wound on your part, nemo
[12:42] {nemo} yeah
[12:42] {nemo} aren't they all
[12:42] {Threei}  no... some are wife0inflicetd
[12:42] {Threei}  wife-inflicted
[12:43] {nemo} why I'm not married
[12:43] {thomcbell} lord
[12:43] {nemo} well...imo, probably not theirs
[12:43] {nemo} they all sobered up before I could get them down the aisle
[12:44] {nemo} spy looking like it's setting up vwap run
[12:44] {nemo} 131.45 or so
[12:44] {nemo} big C&H
[13:03] {Threei} Long Setup:  FCX  .65 break
[13:03] {Threei}  If holds  .60
[13:04] {Threei}  half out .72 - .73
[13:04] {Threei}  and another near .80
[13:05] {dptl} Vad, what is the reason for that fcx trade?
[13:05] {Threei}  pullback entry, prepared way in advance
[13:06] {Threei}  12:22] {Threei} pullback should come now, and is likely to be the only chance to catch some profits on a long side
[13:06] {Threei}  12:23] {Threei} ideally, IWM entry around .20 or just under,
[13:06] {Threei}  [12:24] {Threei} and FCX between .60 and .65
[13:06] {Threei}  half out
[13:07] {Threei}  look at 1 min, see .60 being important support for a good while,
[13:07] {Threei}  from about 11:20 to 12:10?
[13:07] {dptl} ye .50 and .55
[13:07] {dptl} .60
[13:07] {Threei}  then got broken with immediate recross back and trend chenge
[13:08] {Threei}  so, pullback to such significant priice level is worth watching for entry
[13:08] {Threei}  it retreated to .61, hesitated between .61 nd 65 for a while,
[13:08] {Threei}  making .65 long trigger
[13:08] {jackharry} half out at .74
[13:08] {Threei}  with nicve tight stop right under ,.60
[13:09] {Threei}  if it lost .60 without triggering I'd switch to .55 - .60 setup
[13:09] {dptl} i see
[13:09] {Threei}  anf if it lost .55 whole thing would be off
[13:10] {Threei}  now that you've got a window in my mind inner workings... are you scared?
[13:11] {Threei}  offer 1/4 more .78 - .79
[13:11] {Threei}  and let's see if we can ride last portion to about .90
[13:15] {nemo} gdx rinse too
[13:17] {nemo} long setups
[13:17] {nemo} spy iwm
[13:23] {dptl} chk 17 long?
[13:24] {Threei}  ummm
[13:25] {Threei}  not sure
[13:25] {Threei}  1/4 more out FCX
[13:26] {Threei}  stop .69
[13:42] {scottie} 3 partials +.06, +.12 and +.05, ty Vad
[13:43] {Threei}  :)
[13:58] {nemo} anybody take iwm or spy?
[13:59] {nemo} mmmhhhhh....crickets
[14:00] {Threei}  don't ruin our coma
[14:03] {dino} out geoy .75, +.51
[14:04] {Threei}  nice
[14:10] {dino} ty
[14:31] {Threei}  gas prices on island crashed from $1.40 a litre to $1 percents over the course of 5 days
[14:31] {Threei}  dp, what is it in Vancouver?
[14:32] {dptl} xmm...i'll check today, no idea
[14:33] {dptl} $1 per litre on island???
[14:33] {Threei}  yup
[14:33] {Threei}  http://www.victoriagasprices.com/
[14:33] {Threei}  about 30% dump in 5 days
[14:34] {dptl} was 1.40-1.43 here last time i cheked
[14:35] {dptl} 1.34 it's says in Vancouver
[14:36] {nemo} that's still about $5.20/gallon...oy vay, I think we're around $3.29
[14:36] {nemo} a gallon
[14:36] {Threei}  gallon is what, 2.8 litre?
[14:37] {nemo} almost 4 liters
[14:37] {dptl} 3.8
[14:37] {Threei}  ah
[14:37] {Threei}  then we are at $3.88 today
[14:39] {jackharry} Only about the equivalent of $10 a gallon here!!
[14:39] {Threei}  ouch
[14:39] {nemo} where u?
[14:39] {Threei}  your goverment is the grediest of all
[14:40] {Threei}  greediest
[14:40] {nemo} JohnHarold where are you?
[14:40] {Threei}  but it's of course out of the best intentions - gotta stop that global warming, you know
[14:40] {jackharry} Northern Ireland
[14:40] {jackharry} the amount of tax is obscene
[14:41] {nemo} ahhhh...and of course, you can't run a vehicle on Guiness
[14:41] {Threei}  you are so not kidding...
[14:41] {Beau} $3.08 at Walmart here. Texas Gulf Coast
[14:41] {nemo} o.k everybody tell Beau FU
[14:41] {Beau} You are welcome to move here.
[14:41] {Beau} FU =
[14:41] {nemo} nevermind
[14:41] {Threei}  lol
[14:42] {Beau} FU is Fill Up.
[14:42] {Threei}  I can't believe how they s^%# you in Europe
[14:42] {nemo} yeah, right
[14:42] {jackharry} the tax is going up another 3p per litre in August, cause it's obviously not quite high enough yet
[14:42] {nemo} no vaseline either
[14:42] {nemo} spy at trend
[14:43] {nemo} I have a story about Texas
[14:43] {nemo} Visiting a friend who was in Med school
[14:43] {nemo} was living with sister and brother-in-law who comes from one of those big oil families in the Dallas Fort Worth area
[14:44] {nemo} the Brother in law and my buddy want to take me out to the family ranch and they have this big smirk on their faces
[14:44] {nemo} I'm thinking, what? they have a huge ranch...everything is big in Texas
[14:45] {nemo} So...we get there, start driving on the back 40, and I start seein giraffes....and antelope....kudu...giant warthogs
[14:45] {nemo} I'm like o.k. guys, what up
[14:45] {nemo} They start laughing
[14:46] {nemo} turns out back in the 70's the DFW crowd were threatening to take their land through eminent domain to make a free trade zone
[14:46] {nemo} Family scion imported a bunch of animals from Africa and turned it into a game preserve
[14:47] {Threei}  I bet your first thought was "oh oh, maybe that last mushroom was a bit too much"
[14:47] {Beau} Moral of story - Nemo has a friend?
[14:47] {Threei}  hehe
[14:47] {nemo} Nah, peyote down there dude
[14:47] {nemo} nice Beau
[14:47] {nemo} you're my kinda' guy
[14:47] {nemo} iwm might be setting up long here
[14:47] {Beau} Oh God!
[14:48] {nemo} oh, look...bunny's here
[14:49] {nemo} So...I get home last night  from....oh yeah...drinking...check in on my father.
[14:49] {nemo} He complains to me the bunny attacked him again
[14:50] {nemo} regular frickin' Monty Python movie around here
[15:01] {Threei} Short Setup: PCYC  .10 break smallish shares
[15:01] {Threei}  If holds  .25
[15:02] {nemo} long setups iwm spy
[15:03] {nemo} .10 trigger spy
[15:04] {nemo} iwm weakening though
[15:04] {_dolores} PCYC triggered
[15:04] {Threei}  and 1:1
[15:05] {nemo} upro
[15:05] {nemo} sorry
[15:05] {nemo} in upro
[15:05] {nemo} .20
[15:05] {nemo} on that break of .10 spy
[15:07] {nemo} I'm feeling like wile e coyote when he runs off the cliff
[15:07] {nemo} 1/2 out .32
[15:08] {nemo} 1/4 more .45
[15:10] {nemo} I'm out at spy vwap
[15:11] {nemo} out .67
[15:11] {Beau} very gj nemo
[15:12] {Threei}  nice read
[15:13] {nemo} ty...I played upro because I noticed a couple of months ago that iwm and spy tend to get out of sync towards the end of the day
[15:13] {nemo} tell ya what though, upro is more a cipher-diaper stock.  not as liquid as tna
[15:14] {nemo} on the other hand spxu (the anti-spy) is liquid for downside plays
[15:15] {nemo} see look at iwm vs spy right now
[15:24] {nemo} now I feel like a turd
[15:24] {Threei}  lord give me strength...
[15:24] {nemo} spy ws1 and daily S3 about .75 we're likely going there
[15:24] {nemo} I knew better
[15:25] {nemo} no...not strength...smarts...;-)
[15:25] {Threei}  hehe
[15:26] {_dolores} thxs threei see you tomorrow
[15:26] {Threei}  welcome :)
[15:30] {nemo} mmmhhhh...gdx bull flag
[15:34] {dptl} jcp.70 short?
[15:35] {Threei}  not sure about SPY helping
[15:41] {nemo} spy potential short here, but I think it still wants .75
[15:41] {nemo} trigger would be .50
[15:44] {nemo} mmmhhhhh...guess I should just take the setups...huh?
[15:52] {Threei}  that's the idea, you know...
[15:58] {Threei}  OK guys, thank you all
[15:58] {Threei}  have a great evening, see you tomorrow
[15:58] {scottie} gn everyone
[15:58] {dptl} gn all
[15:59] {jackharry} gn everyone
[16:01] {Beau} night all
[16:02] {thomcbell} good night
[16:03] {dino} gn