Session Time: Fri Jul 06 00:00:00 2012
[08:13] {_dolores} hello GM
[08:15] {cc_8} hi
[08:24] {nemo} if the jobs report really sucks the market should rally because then everybody will think the Fed will turn on the presses
[08:25] {nemo} If the jobs report is really good then the market should rally because things are looking better
[08:25] {nemo} I guess if the jobs report is in no man's land is the only negative
[08:25] {nemo} I think vodka is a reasonable solution
[08:26] {nemo} If Nemo is talking in the forest and nobody hears him, is he really talking?
[08:27] {Threei} morning
[08:28] {Threei} well, that was the logic under which market operated for a while, yes
[08:28] {nemo} vodka logic?
[08:29] {Threei} that too
[08:30] {Threei} *(US) JUN CHANGE IN NONFARM PAYROLLS: +80K V +100KE; CHANGE IN PRIVATE PAYROLLS: +84K V +106KE
[08:30] {nemo} move along, nothing to see here
[08:30] {nemo} look at this bounce
[08:35] {Threei} none yet
[08:35] {Threei} {Romney} why, why isn't election day tomorrow...
[08:35] {nemo} 135.70 area is trend
[08:36] {nemo} He was my governor...never liked the guy
[08:38] {nemo} trend line bounce spy
[08:38] {_dolores} APKT down on estimates
[08:39] {_dolores} second quarter update
[08:40] {Threei} (GR) EU Official: There will be no release of aid to Greece until Eurogroup has determined that the reform program is back on track
[08:40] {nemo} they
[08:41] {nemo} they'll have to lie, there are no systems in Greece to get them fiscally back on track
[08:42] {nemo} oh, I lied, spy below trend, but iwm still above trend
[08:42] {nemo} oil under 85...should be some saber rattling about Iran this weekend to get it back up
[08:55] {nemo} tlt on the move
[09:01] {nemo} IWM bounced at Weekly R1, so far
[09:02] {Threei} as far as bounces go, this one is beyond pathetic, lol
[09:02] {Threei} 5 cents?
[09:02] {Threei} I take it back... 8
[09:04] {thomcbell} LVS was strong yest afternoon - looking to short the first retracement up
[09:04] {thomcbell} 43.25 and above with proper setup
[09:04] {thomcbell} ;)
[09:04] {thomcbell} Vad
[09:10] {jackharry} good morning guys
[09:10] {Threei} think it'd bounce that high?
[09:10] {Threei} jack :)
[09:11] {ese} gm
[09:11] {Threei} I like the idea tbell, I am just not sure about price read in advance
[09:11] {Threei} ese :)
[09:11] {scottie} good morning all
[09:11] {Threei} let's just see where setup shapes up
[09:11] {Threei} scottie :)
[09:12] {Will49} GM Folks
[09:12] {Threei} will :)
[09:16] {Threei} if anyone observed it, how does TLT trade on intraday basis? manageable or not so much?
[09:16] {Beau} good morning you all
[09:16] {Threei} beau :)
[09:20] {dino} gm
[09:21] {Threei} dino :)
[09:23] {dptl} gm
[09:23] {Threei} dp :)
[09:23] {Threei} shorting bounces is the idea for the start
[09:28] {nemo} nflx up $2
[09:29] {Threei} Netflix Inc Strength attributed to CEO posting on Facebook that users streamed 1B hours of content in June (update)
[09:30] {Threei} Short Setup: FCX .75 break hl
[09:30] {Threei} If holds .85
[09:31] {Threei} Invalidated
[09:32] {nemo} thi is strong support area on iwm and FAS
[09:33] {Threei} Short Setup: LVS .80 break hl
[09:33] {nemo} GS strenthening
[09:33] {nemo} transports strengthening
[09:33] {Threei} stop above .90
[09:34] {Threei} target 1:2
[09:34] {Threei} FCX got away
[09:36] {nemo} iwm might be trying to DB
[09:36] {nemo} arguably .70 break long,
[09:36] {Threei} no go
[09:36] {nemo} stop .59
[09:37] {nemo} that jobs report might mean business as usaul
[09:38] {nemo} we should probabl go up
[09:38] {Threei} dino, cipher... INFA
[09:38] {nemo} fcx
[09:39] {nemo} wow, that is a dino stock
[09:39] {Threei} Short Setup: RIO .65 break
[09:40] {Threei} If holds .75
[09:41] {Threei} no...
[09:41] {Threei} hmmm
[09:41] {Threei} misreading opening
[09:43] {_dolores} invalidated?
[09:43] {Threei} leave it be
[09:43] {_dolores} ok
[09:43] {Threei} tough read
[09:43] {Threei} Long Setup: FCX .65 break
[09:44] {Threei} If holds .55
[09:44] {Threei} target 1:2
[09:44] {nemo} bid .62
[09:45] {_abakas} what is the target for FCX?
[09:45] {Threei} [09:44] {Threei} target 1:2
[09:45] {Threei} frikin RIO
[09:45] {dino} fire sm l .99
[09:46] {thomcbell} shame you had the only valid setup in lvs
[09:46] {_abakas} is it 10cents profit?
[09:46] {Threei} no
[09:46] {Threei} please read this:
[09:46] {thomcbell} too much of an insitutional fight going on there at lvs
[09:46] {thomcbell} leaving it alone
[09:46] {Threei} http://www.realitytrader.com/tradingroom/#instructions
[09:48] {Threei} SPY breaking down
[09:48] {Threei} FCX os holding well, but let's tighten stop to .59
[09:48] {ese} sm still 400 for you dino
[09:49] {Threei} APKT... not even attempt to bounce
[09:50] {nemo} 135.20 next support for spy if it drops this low
[09:50] {nemo} iwm at support
[09:51] {nemo} with trend support in the .45 area
[09:51] {Threei} let's go FCX, you held like real champ
[09:52] {Threei} Short Setup: TOL .60 break hl
[09:52] {Threei} If holds .70
[09:53] {dino} fire stop -.32
[09:55] {Threei} target 1:3
[09:57] {ese} GMCR to quick to call in .92 out ,17
[09:57] {ese} +.25
[09:58] {Threei} no go TOL
[09:59] {nemo} this should be the bottom for awhile
[09:59] {dino} sm l fire .78 ave
[09:59] {dino} friggin' rinses
[09:59] {Threei} FCX may even reach 1:1 on this push
[09:59] {Threei} same here dino
[10:01] {Threei} 1:1, first partial
[10:01] {Threei} stop to .64
[10:02] {scottie} fcx +.10 ty
[10:02] {Threei} yw... now we need 3 more
[10:03] {_dolores} we need the market to pump here
[10:04] {Threei} Long Setup: INFA .30 break sm shares
[10:04] {Threei} If holds .15
[10:06] {Threei} changing FCX target to 1:3
[10:06] {Threei} offer 1/4 at 1:2, not the whole balance
[10:07] {Threei} Invalidated INFA
[10:07] {nemo} rinsed infa
[10:08] {Threei} Long Setup: LVS .60 break hl
[10:09] {Threei} If holds .50
[10:11] {Threei} LVS stop to .54
[10:12] {Threei} FCX stop to .69
[10:14] {Threei} LVS 1:1
[10:14] {scottie} .71 +.10 ty
[10:14] {Threei} yw
[10:14] {Threei} nemo's portrait was just published on FB
[10:14] {Threei} http://goo.gl/QBONU
[10:15] {nemo} ooohhhhh
[10:15] {scottie} if this is nemo, who is bunny
[10:15] {Threei} same, but without cigarette
[10:16] {nemo} doobie
[10:16] {Threei} and prettoer
[10:16] {Threei} prettier
[10:17] {nemo} iwm holding trend line
[10:18] {Threei} SPY alternates between looking like bouncing or breaking down about 5 times a min
[10:18] {dptl} lol just looked at the picture of nemo
[10:18] {Threei} :)
[10:19] {Threei} I start leaning toward breaking down
[10:20] {nemo} could take upro long here but vwap close
[10:20] {Threei} no, bouncing
[10:21] {nemo} half .95, but small
[10:21] {nemo} stop is be, because of trend and vwap
06[10:22] * Threei kicks FCX in the rear
[10:22] {Threei} I don't remember this stock taking this long to resolve
[10:23] {nemo} 1/4 more .15
[10:23] {nemo} stop is under the whole
[10:23] {Threei} nevertheless, it held impressively steady while SPY was making new lows
[10:24] {Threei} so I feel justified in both taking the long and extending target to 1:3
[10:24] {Threei} 1:2, 1/4 more out
[10:24] {nemo} phewww, I can breathe
[10:24] {Threei} good entry nemo
[10:24] {Threei} and your breathing would be easier if you put down that stoogie for a min
[10:25] {nemo} iwm was holding trend and spy was dbing above s3 daily and monthly pivot
[10:25] {nemo} doobie
[10:25] {nemo} just had a funny thought
[10:26] {Threei} LVS 1:2, out
[10:27] {Threei} 1:1 FCX
[10:27] {Threei} over and out
[10:27] {Threei} 1:3, sorry
[10:28] {Threei} whew
[10:28] {Threei} abakas... see the logic of risk/reward ratios and trade management, as described in that link?
[10:29] {Threei} OK... not great but easier to breathe
[10:30] {nemo} out
[10:31] {ese} nice call FCX vad
[10:32] {Threei} ty
[10:32] {Threei} took a lot of patience
[10:33] {nemo} lloks like I might get rinsed out of my stop
[10:34] {ese} L mcp .60
[10:35] {nemo} the Q's are being defecated upon
[10:36] {_dolores} FCX really against the market
[10:36] {Threei} yes... relative strength was the reason to stick with it
[10:38] {nemo} damn, got caught up in upro and missed infa
[10:39] {nemo} infa should consolidate in this area for awhile
[10:43] {nemo} watch 24.30 area gmcr
[10:43] {nemo} might not get there
[10:44] {_abakas} yes ty threei
[10:44] {Threei} :)
[10:45] {nemo} trend down still in tact for spy
[10:46] {Threei} yes but will we break down or not
[10:46] {cipher} infa l.96
[10:46] {Threei} because if yes, I want TZA at .45
[10:47] {cipher} out 1/2 .09
[10:47] {nemo} I'm thinkin g 135.17 area for support
[10:47] {cipher} out in full .14
[10:47] {nemo} iwm trendline is at .44
[10:49] {Beau} gj c
[10:49] {cipher} ty
[10:51] {ese} qqq
[10:51] {ese} opps...wrong screen
[10:52] {Threei} Long Setup: TZA .45 break
[10:52] {Threei} If holds .40
[10:52] {dino} tdc sm l .24
[10:52] {ese} L stx .66
[10:54] {nemo} o.k. imo, wathc this area for spy or imw long. could put bid in 135.20 area
[10:54] {nemo} out, we got to .22...maybe not
[10:54] {Threei} looks breakdownish to me...
[10:54] {ese} aggressive entry on stx by the way
[10:55] {nemo} yeah, but support that .16 and .17
[10:55] {Threei} then again, still changes every min
[10:55] {Threei} indecisiveness if I ever saw one
[10:55] {_dolores} in TZA?
[10:55] {Threei} yes
[10:55] {ese} i'll say
[10:55] {nemo} in upro
[10:56] {Threei} no go TZA
[10:56] {nemo} .76 and .77
[10:56] {Threei} guess who is on TV
[10:56] {nemo} damn missed gmcr
[10:57] {nemo} infa tightened up nicely
[10:58] {ese} out 1/2 mcp .75 +.15
[11:00] {scottie} Vad, on TZA whay not stop at .35 ?
[11:01] {scottie} why
[11:01] {Threei} it held above .40 during last consolidation, making it a sipport
[11:01] {Threei} next support is .35,
[11:01] {scottie} ok
[11:02] {Threei} and it's always an option to place stop under the next level
[11:02] {ese} daaaaaaa.....stx ...waht a sloth
[11:02] {Threei} kind of personal choice, balancing the risk and position size
[11:02] {scottie} I see it on the chart, thanks
[11:02] {Threei} considering how shaky market is and how small movements are, I opted for smaller move with bigger positions size
[11:03] {nemo} and it's a summer holiday week friday
[11:03] {nemo} o.k. support held, this looks good, should have bought support though
[11:05] {dino} out tdc .64, +.40
[11:05] {Beau} way to go dino
[11:05] {dino} ty
[11:05] {nemo} futures buying
[11:06] {nemo} I'm riding this to vwap
[11:06] {nemo} stop is under .70
[11:06] {_dolores} LVS at lows
[11:06] {_dolores} will it bounce with the market?
[11:06] {Threei} I hate this kind of trades
[11:07] {Threei} ptoblem with them:
[11:07] {_dolores} 42.50 previous support
[11:07] {_dolores} seems broken
[11:07] {Threei} such weak stock tends to stay weak while market bounces, then break down when market pulls back
[11:07] {Threei} for such a dumper to bounce it needs much bigger selloff, so the band gets overfstretched... and LVS is noehere near that
[11:09] {dino} lqdt sm l ave .52
[11:12] {ese} mcp balance stopped .61 even
[11:12] {scottie} mtge double top?
[11:12] {ese} daaaaaa thought it give me more
[11:13] {Threei} volumer is too low on MTGE
[11:13] {Threei} trades by appointment
[11:14] {scottie} ty
[11:16] {Threei} Long Setup: GLD .10 break hl
[11:16] {Threei} If holds 154
[11:17] {Threei} change to 154 break
[11:18] {Threei} If holds .90
[11:18] {_dolores} was that an entry?
[11:19] {Threei} yes
[11:19] {Threei} traded above 154
[11:19] {_dolores} ok
[11:19] {_dolores} in
[11:19] {Threei} target 1:2
[11:19] {nemo} took half .90 this trade is aggravating
[11:19] {dino} tdc sm l .95
[11:20] {nemo} nav dino
[11:22] {nemo} out rest of uprp
[11:23] {nemo} long nav .76
[11:24] {nemo} stop .64
[11:24] {nemo} small btw
[11:24] {nemo} ow
[11:24] {nemo} dummy me dollar keeps making highs
[11:25] {_dolores} double checking stop at .90 GLD
[11:25] {Threei} just under
[11:25] {_dolores} ok
[11:25] {Threei} GLD volume totally dried up, ready to bounce, just needs little SPY help
[11:27] {dino} tdx stopped
[11:29] {Threei} (EU) ECB's Noyer (France): Central banks have limited capacity to act, cannot be a permanent substitute for intermediary financing for banks and markets- Low to zero interest rates for prolonged periods create distortions and long-term risks. - Eurozone banking union project is a fundamental change.
[11:29] {Threei} no it's not, you dufus
[11:29] {Threei} SPY gives in... new low
[11:31] {Threei} so does GLD
[11:39] {dino} tdc sm l .5042
[11:39] {dino} typo, .42
[11:41] {dino} out tdc .73, +.31
[11:42] {Beau} beautiful dino
[11:47] {Threei} Beau, look dcc please
[11:48] {dino} ty
[11:54] {Threei} Long Setup: INFA .30 break sm
[11:54] {Threei} If holds .20
[11:54] {Threei} 1:1
[12:01] {ese} anybody checked out ftnt
[12:02] {ese} dn a couple of bills
[12:02] {Threei} Short Setup: GS .10 break sm
[12:02] {ese} price target raised
[12:02] {Threei} If holds .20
[12:03] {Threei} EUR/USD Moves back to levels not seen since summer of 2010 below 1.2288
[12:04] {Threei} NYSE volume 205M shares, about 27% below its three-month average; . - NASDAQ volume 608M shares, about 14% below its three-month average
[12:04] {Threei} very low volume day...
[12:04] {Threei} that's whny tardes are so few and far between
[12:05] {Threei} that upgrade was almost a month ago ese
[12:07] {Threei} ok GS... time to die
[12:09] {ese} tks......just noticed that
[12:11] {dino} adding tdc calls for day or two
[12:11] {ese} also vad.......how does an .80 brreak for FCX look to you....assuming it stay above .70
[12:11] {Threei} no go GS
[12:11] {ese} dino you buy a whole bunch of condos or something.....your on a tear these day
[12:12] {Threei} only if market reverses strongly to the upside, ese
[12:12] {dino} lol, just lucky
[12:12] {ese} tks vad.....
[12:12] {dino} od week, mostly hitting capits stocks/options
[12:12] {dino} just trying to tweak things a bit
[12:12] {dino} od=odd
[12:14] {ese} is it the capits on the intelliscan that your watching
[12:15] {dino} i don't have intelliscan, but i use the top ten % movers as a start
[12:15] {dino} or my 07 scanner when dropping multiple times
[12:16] {ese} whats an 07 scanner
[12:18] {dino} i have it set up as a rolling scanner, only prints stocks that either go up or down in .07 increments. multiple prints and they are moving (pulp)
[12:18] {dino} ex just no mstr
[12:19] {dino} 6 prints in row
[12:19] {dino} just now
[12:19] {dino} the 07 is my main scanner
[12:19] {dino} and now that the secret is out, i might as well retire
[12:20] {Threei} lol
[12:21] {dino} ese, the tweak is to adapt the capits to swings on options
[12:22] {ese} cool
[12:23] {ese} still takes nerve to do what your doin
[12:26] {dptl} coh .80 short?
[12:26] {dino} funny, compared to the size of your trades, my way seems calm
[12:27] {dptl} coh?
[12:28] {Threei} I think so
[12:28] {Threei} with any help by market should be capable of 1:2
[12:28] {cipher} vad still in infa?
[12:29] {dptl} in coh
[12:29] {Threei} no cipher, grabbed my scalp
[12:30] {cipher} ok
[12:32] {cipher} out 1/2 infa .60 +.29
[12:32] {Threei} wtg
[12:32] {Threei} covered half at 1:1, dp?
[12:32] {dptl} y
[12:33] {Threei} :)
[12:34] {Threei} June job report by O is a "step in the right direction"
[12:35] {dptl} out coh
[12:35] {Threei} I can't tell this guy is beyond delusional or cynical to hard-to-believe degree
[12:36] {cipher} out 1/4 infa .76
[12:36] {Threei} stop it cipher... we can die of salivation
[12:36] {cipher} out in full .80
[12:36] {cipher} +.49
[12:37] {Threei} like I said...
[12:37] {cipher} too soon as always :(
[12:37] {Threei} COH rinsed second half
[12:37] {Beau} c now you buy one of dino's condos. very gj
[12:37] {cipher} :)
[12:40] {ese} L gmcr .85
[12:40] {Threei} 1:2 COH... required a little bit looser trail, by couple cents
[12:43] {cipher} L INFA .60
[12:45] {Threei} Long Setup: CAT 035 break
[12:45] {Threei} hl
[12:45] {Threei} If holds .25
[12:46] {Threei} target 1:2
[12:46] {Threei} 1:1
[12:46] {scottie} + .10 ty, great call Vad, perfect timing
[12:46] {Threei} :)
[12:47] {Threei} finally something works faster than in 30 minutes
[12:47] {scottie} did +.10 in exactly 18 seconds
[12:48] {Threei} that's how we like them... smooth, fast, easy
[12:48] {Threei} nemo, dion't even think about it
[12:49] {Threei} cnaging my mind about target... should be capable of .65-.70
[12:51] {Threei} 1/4 more out and stop to .39
[12:54] {cipher} out infa .80 +.20
[12:54] {Threei} OK, out
[12:55] {Threei} 1:2 was it
[12:59] {_dolores} GLD holding 153.10
[13:01] {dptl} tgt .10 long?
[13:05] {dino} gotta hop early. thx all
[13:05] {Threei} not sure dp
[13:05] {scottie} bye dino
[13:05] {Threei} take care dino
[13:07] {_dolores} bye dino
[13:10] {dino} :)
[13:21] {scottie} infa ?
[13:22] {Threei} bounce candidate opn 31 break
[13:23] {dptl} in infa
[13:23] {Threei} with obbvious stop under .90
[13:23] {_dolores} JPM closing 5 european funds
[13:23] {Threei} 1:1
[13:24] {scottie} too fast didn't make it
[13:25] {scottie} in .01
[13:26] {dptl} stopped
[13:26] {Threei} secondary entry is not a good idea after 1:1 usually
[13:26] {scottie} I see
[13:27] {dptl} oh..man
[13:28] {nemo} spy bottomed right on the Semesterly Pivot Point
[13:32] {_dolores} GLD holding against the market
[13:33] {scottie} gotta go, have a nice weekend
[13:33] {_dolores} you too scottie
[13:33] {nemo} gmcr at vwap
[13:34] {nemo} long .46
[13:34] {nemo} stop under vwap
[13:37] {Threei} Short Setup: X .80 break
[13:40] {nemo} ot
[13:40] {Threei} If holds .88
[13:41] {Threei} unconventional stop somewhat
[13:41] {Threei} but that's what chart says
[13:41] {Threei} target 1:2
[13:44] {_dolores} still hasn't break right?
[13:44] {_dolores} now yes
[13:44] {Threei} yes
[13:46] {jackharry} No shorts available
[13:46] {Threei} anuone got it?
[13:46] {Threei} if not, I won't waste time monitoring it
[13:46] {_dolores} me too no available
[13:46] {Beau} nope
[13:47] {_dolores} INFa nice bounce
[13:54] {nemo} DE
[13:58] {_dolores} do e have a market bounce before crushing again into the close?
[13:59] {_dolores} vrey slow and heavy
[13:59] {Threei} feels like crashing through support
[13:59] {nemo} but so slow
[13:59] {Threei} but really, things are so slow that it's very hard to tell
[13:59] {_dolores} each small bounce follow by a pullback
[14:02] {Threei} breakdown feels inevitable
[14:02] {Threei} Long Setup: TZA .60 break
[14:02] {nemo} you've got heavy support here at the lows on spy
[14:04] {Threei} 135 break should be it
[14:04] {nemo} 134.98 is Semesterly Pivot and .92
[14:09] {Threei} in case anyone cares,
[14:09] {Threei} Romanian parliament overwhelmingly votes to impeach president
[14:10] {nemo} GMCR holding in this downdraft
[14:12] {dptl} stop for tza?
[14:12] {dptl} .55?
[14:13] {Threei} either .54 or .49... both are valid and depend on your horizon
[14:13] {_dolores} mmm this might be the bounce
[14:18] {Threei} guess what... X 1:1, just 30 min later
[14:19] {Threei} too bad we haven't had it available
[14:19] {Threei} OK, half out TZ
[14:19] {Threei} TZA
[14:19] {Threei} stop to .59
[14:30] {_dolores} volatility still low
[14:30] {_dolores} not much fear?
[14:31] {Threei} there is plenty of fear... but even more uncertainty
[14:31] {Threei} so people are niot sure what to be more fearful of, being caiught in a collapse or missing the rally
[14:33] {_dolores} oh ok
[14:36] {nemo} we may see short covering soon, I would think iwm and spy might try to get back to vwap
[14:47] {dptl} gn all , need to take a break or something, see ya monday
[14:47] {Threei} take care dp
[14:47] {_dolores} bye dpti
[15:11] {nemo} spy approaching vwap and showing signs of weakening
[15:12] {_dolores} TZA held very well this maret bounce
[15:14] {nemo} we're there
[15:14] {_dolores} famous last words
[15:14] {_dolores} !
[15:15] {nemo} that's kinda' funny
[15:15] {Threei} lol
[15:15] {nemo} not the best joke for friday afternoon
[15:15] {nemo} when we're trying to keep our chins off the keyboard
[15:17] {_dolores} everything bouncing
[15:18] {nemo} short covering
[15:18] {nemo} getting out of positions going into the weekend
[15:19] {nemo} [14:37] {nemo} we may see short covering soon, I would think iwm and spy might try to get back to vwap
[15:19] {nemo} 80.50 is vwap on IWM 135.32 on spy
[15:25] {_dolores} LVS lagging behind the bounce
[15:25] {Threei} looking for shorts into closing
[15:26] {Threei} Short Setup: LVS .30 break
[15:26] {Threei} If holds .40
[15:29] {nemo} iwm should get to vwap here
[15:29] {Threei} Invalidated
[15:33] {nemo} too funny, headed for high of day in spy
[15:33] {nemo} .17 more
[15:33] {Threei} with this volume and slowness, just not the market I have firm read on
[15:34] {Threei} volume is barely bigger than on Tuesday which wasd a half day
[15:39] {_dolores} ok guys see you monday
[15:39] {_dolores} thxs VAD
[15:39] {_dolores} have agreat weekend you all
[15:40] {Will49} You too
[15:41] {Threei} take care dolores
[15:46] {Threei} OK guys, let's call it a day
[15:46] {Threei} no firm read all day, no need to push it on last minutes
[15:46] {Will49} Thanks Vad...very interesting week
[15:46] {Threei} have a great weekend, see you on Monday
[15:47] {Beau} and you vad
[15:47] {thomcbell} take care all
[15:53] {Beau} night all.
