Session Time: Mon Jul 09 00:00:00 2012
[08:25] {dolores} hello GM
[08:52] {Threei} morning dolores
[09:04] {jackharry} Good morning everyone
[09:04] {Threei} jack :)
[09:10] {ese} ahhhhh hhhhhaaaaaa.......am back in.....gm
[09:10] {Threei} ese :)
[09:11] {ese} got cut off on friday and couldn't get back in
[09:11] {Threei} hnnn
[09:11] {Threei} we had no problem on a server side
[09:11] {ese} did you see me trying to get back in
[09:12] {Threei} no
[09:14] {scottie} good morning
[09:15] {Threei} scottie :)
[09:15] {Beau} morning all
[09:15] {Will49} Hi guys
[09:15] {Threei} beau :)
[09:15] {Threei} will :)
[09:17] {Threei} 80% Expect Repeal of #HealthCare Law If #Romney Wins
[09:17] {Threei} this may very well become a deciding issue
[09:19] {Threei} Interest rate for Spanish 10-year bond hits 7% ahead of eurozone meeting on bank aid
[09:19] {dino} gm
[09:19] {Threei} dino :)
[09:19] {ese} dino
[09:19] {Threei} Spain 10 year is now at 7.07% +11.5 ; Italy 6.14% +11.5
[09:20] {ese} scottie beau
[09:20] {ese} will
[09:20] {scottie} gm ese
[09:21] {dino} not doing much today, heading out on vacation tonight
[09:22] {Beau} ese :)
[09:22] {Threei} let me guess... Myrtyl beach?
[09:24] {dptl} gm
[09:24] {Threei} dp :)
[09:24] {dino} yes
[09:25] {Threei} hah! :)
[09:28] {Threei} LVS is on a radar for a breakdown
[09:28] {Threei} daily is DBI-ish
[09:29] {nemo} wlp .10
[09:30] {Threei} Short Setup: FCX .80 break hl
[09:30] {Threei} late
[09:30] {Threei} OK, same setup
[09:31] {Threei} If holds .90
[09:31] {dolores} in
[09:32] {Threei} no go
[09:32] {nemo} c&H imw 15 min char
[09:33] {Threei} Short Setup: LVS .20 break hl
[09:34] {Threei} If holds .25
[09:34] {Threei} very tight
[09:34] {Threei} half out
[09:34] {Threei} .09
[09:34] {Threei} stop to .21
[09:35] {scottie} out .09 +.10 ty
[09:35] {Threei} FCX rinsed
[09:35] {jackharry} out in full at .04, thank you
[09:36] {Threei} yw
[09:38] {nemo} tna .66 stop under .60
[09:38] {Threei} Long Setup: APKT .35 break hl
[09:38] {Threei} If holds .25
[09:39] {Threei} LVS stop to .16
[09:39] {Threei} Invalidated APKT
[09:39] {nemo} qcor
[09:40] {Threei} stop to .11 LVS
[09:40] {Threei} frikin FCX
[09:41] {Threei} stop to .01 LVS
[09:41] {Threei} choking it
[09:42] {Threei} Long Setup: FCX .55 break
[09:42] {Threei} still hl
[09:42] {Threei} If holds .45
[09:43] {Threei} stop to .96 LVS
[09:43] {Threei} Invalidated FCX
[09:45] {Threei} CEDC Signs deal for alliance with Russian Standard
[09:45] {Threei} that's darn good vodka
[09:46] {Threei} out LVS in full
[09:46] {Threei} .83
[09:46] {scottie} great call vad
[09:46] {Threei} +.36
[09:46] {Threei} not too shabby for 6 cents risk
[09:47] {nemo} look at daily, no bottom to 40 .50
[09:47] {Beau} no fill @ .19 **&)$%@#&^*()
[09:47] {Threei} with such tight stop, why not give it two cents room, with .18 entry...
[09:48] {Threei} LVS yes, daily DBI was the first foundation for the short
[09:48] {Beau} usually do, but .02 chase on .06 risk?
[09:49] {Beau} can i get a mulligan?
[09:49] {Threei} why not? the tighter stop the more room you have
[09:49] {nemo} l tna .91
[09:49] {nemo} stop under .77
[09:49] {Beau} another lesson. thx
[09:50] {Threei} WYNN Hearing Nomura makes cautious comments on Macau gaming names (timing uncertain) (100.00, -0.69, -0.69%) (related LVS MPEL )
[09:50] {nemo} we'll probably test Friday's lows
[09:50] {nemo} ow
[09:53] {dolores} FCX holding against market
[09:54] {Threei} Long Setup: SLW .45 break
[09:55] {Threei} change to .40 break
[09:55] {Threei} If holds .35
[09:56] {nemo} retesting Friday's lows should go from here
[09:59] {dolores} stop at .35?
[09:59] {dolores} .34?
[09:59] {Threei} right
[09:59] {nemo} qcor running again
[10:00] {ese} L bpi .17
[10:00] {Threei} no go
[10:00] {ese} sm
[10:01] {Threei} bounces are non-existent
[10:05] {nemo} market trading?
[10:06] {Threei} sporadically
[10:08] {Threei} Long Setup: FAS .55 break hl
[10:08] {Threei} late... grrr
[10:09] {Threei} if pullas back, let it drop to .50
[10:09] {ese} out bpi .62 +.45
[10:09] {Threei} Long Setup: FAS .50 break hl
[10:09] {Threei} If holds .30
[10:10] {Threei} .40, sorry
[10:10] {Threei} wtg ese
[10:10] {ese} tks.......pulled a dino
[10:10] {Threei} no
[10:11] {ese} yes
[10:11] {dolores} out of FAS?
[10:12] {Threei} it lost .40
[10:12] {dolores} ok
[10:13] {Will49} Where was stop on FAS/
[10:13] {Threei} under .40
[10:13] {dolores} .39
[10:13] {Will49} Tks
[10:13] {Threei} Long Setup: IWM .10 break
[10:13] {Threei} If holds 80
[10:15] {nemo} cat
[10:16] {nemo} cat 2.6
[10:16] {nemo} .26
[10:16] {nemo} mmhhhh....iwm and spy look like they might dump
[10:17] {nemo} cat drops .15 I'm out
[10:18] {Threei} Invalidated IWM
[10:20] {nemo} I'm adding to cat over .30
[10:20] {Threei} Long Setup: IWM 80 break
[10:20] {Threei} If holds 95
[10:21] {nemo} know what, scratch that I'm out
[10:21] {Threei} Invalidated IWM
[10:24] {nemo} this market funny...long setup drop, long setup drop long setup drop
[10:24] {dolores} spain is nit nice
[10:25] {dolores} it cannot be bailed out
[10:25] {dolores} too big
[10:25] {dolores} and cannot finance for along time at this levels
[10:25] {dolores} ECB will have to move
[10:25] {dolores} or Italy comes after
[10:25] {Threei} so, what's left but default?
[10:25] {ese} L stx .20
[10:25] {dolores} ECB
[10:25] {Threei} what can they do?
[10:26] {Threei} if spain is too big to be bailed out
[10:26] {dolores} thats why we are anouncing new measures
[10:26] {dolores} for europe to buy the debt
[10:26] {dolores} and bring rates down
[10:26] {Threei} then ERurope will go bankrupt
[10:26] {dolores} yes
[10:26] {dolores} more of the same
[10:26] {Threei} see, this is just moving debt around
[10:26] {Threei} and increasing it
[10:27] {dolores} but europe should print and bring the euro level down
[10:27] {Threei} how can it sokve anything?
[10:27] {dolores} start exporting
[10:27] {nemo} it can't and this comes across the Atlantic soon
[10:27] {Beau} nemo cat waited for you to leave
[10:27] {nemo} yeah, it would have hit my original stop
[10:27] {nemo} arguably it's building a bear flag
[10:28] {Threei} visual: http://goo.gl/PPFBg
[10:28] {nemo} market can't sustain upward movement and bonds rallying
[10:28] {ese} stx stop b/e .21
[10:31] {jackharry} The only way Spain, and the rest of the southern European countries, can start exporting is to leave the Euro, and devalue their currency. Otherwise they will remain permanently uncompetitive
[10:31] {Threei} bingo
[10:33] {Threei} watching SPXU for long wntry
[10:33] {Threei} pullback to about .50 would be more desirable than .60 break
[10:34] {ese} stx stopped .21 +.00
[10:34] {ese} maybe should have taken my 60 bucks
[10:34] {nemo} gdex teting lows
[10:35] {nemo} gdx
[10:36] {nemo} long .91
[10:36] {nemo} stop .84
[10:37] {Threei} Long Setup: SPXU .50 break
[10:37] {Threei} hl
[10:37] {Threei} If holds .40
[10:37] {nemo} 1/2 .02
[10:37] {nemo} stop to .94
[10:39] {nemo} 1/4 more .12
[10:40] {Threei} Invalidated
[10:40] {Threei} see why I didn't like .60 break? was a trap
[10:41] {nemo} spy vwap at .10, upper end of range .15, probably tests those
[10:42] {Threei} (EU) ECB Chief Economist Praet: Euro zone crisis is much more profound and fundamental than the Lehman crisis in the US
[10:42] {Threei} - Spain's 2009 expansionary policies were based on bad assumptions.
[10:42] {Threei} heh... same assumption that every deeply indebted entity made: I can borrow indefinitely, and somehow it's going to be OK
[10:43] {Threei} (EU) Finland Fin Min: Finland is committed to the euro
[10:43] {Threei} well, if you have to say it...
[10:44] {Threei} wow:
[10:44] {Threei} - NYSE volume 110M shares, about 35% below its three-month average; . - NASDAQ volume 295M shares, about 23% below its three-month average;
[10:46] {nemo} very hard to find an edge today
[10:46] {nemo} stop is the whole on GDX
[10:47] {nemo} nflx looking short
[10:47] {nemo} spready
[10:48] {ese} L fire .10
[10:49] {dolores} SLW not following the market bounce
[10:49] {dolores} there better
[10:50] {Threei} remember CEDC news earlier? well, that vodka does work
[10:50] {ese} out fire .32 +.22
[10:51] {dino} gj
[10:52] {Threei} amazing really... I remember dino trading CEDC in $50 range
[10:54] {Threei} Short Setup: ABX .40 break
[10:54] {Threei} If holds .45
[10:55] {Threei} bid half just above .30
[10:56] {Threei} .31 half out
[10:56] {Threei} stop to .41
[10:59] {scottie} mrk 42 ?
[11:02] {dino} i remember that
[11:02] {Threei} hard to tell
[11:03] {Threei} scalpers win ABX
[11:03] {thomcbell} lvs daily looking pretty bad
[11:04] {Threei} hehe
[11:04] {Threei} 09:28] {Threei} LVS is on a radar for a breakdown
[11:04] {Threei} [09:28] {Threei} daily is DBI-ish
[11:06] {Threei} look where we shorted it earlier, tbell: 42.20
[11:06] {Threei} 3 cvents of day high
[11:07] {thomcbell} nice
[11:07] {thomcbell} nice sharp shoot
[11:07] {thomcbell} Vad special
03[11:09] * Retrieving #discussions modes...
[11:09] {nemo} bonds suddenly ripping
[11:11] {nemo} well that was a nice indicator longs were verboten
[11:12] {ese} getting into the PP section of the day
[11:13] {Threei} Long Setup: TLT .70 break
[11:13] {Will49} PP?
[11:13] {Threei} If holds .65
[11:13] {ese} my new saying as of today..."pulp period"....
[11:14] {Will49} :)
[11:14] {ese} approaching lunch....through lunch.......and just after lunch
[11:15] {Threei} "pretty please" pweriod... as in, something move somewhere, pretty please
[11:15] {ese} lol
[11:16] {ese} or..........one my start drinking to pass the time away until 2:30 ish
[11:16] {ese} may
[11:17] {Threei} Short Setup: LVS .70 break
[11:17] {Threei} If holds .75 scalpersa, .80 day traders
[11:18] {Threei} let's try for half out around .78, TLT
[11:22] {Threei} Invalidated LVS
[11:26] {Threei} not an easy trader, TLT
[11:26] {Threei} ok... half out
[11:26] {Threei} scalpers be happy
[11:26] {Threei} stop to .68
[11:27] {nemo} maybe tpx long break of .20 if it holds .15 area
[11:27] {Threei} 1/4 more out
[11:27] {Threei} .84
[11:27] {jackharry} all out .84, thanks
[11:28] {Threei} :)
[11:28] {nemo} l .21
[11:28] {Threei} LVS is reestablished
[11:28] {Threei} same setup, .70 break short
[11:29] {Threei} offering last piece at .92
[11:30] {ese} I like tpx L at .20 nemo....been watching it most of the day
[11:31] {nemo} maybe I should get out then
[11:31] {dino} taking tdc calls off, .35, +.35
[11:31] {ese} ha ha ........ha ha......
[11:34] {Threei} direct hit
[11:34] {Threei} out in full +.21
[11:34] {dolores} wow missed it too fast for me
[11:34] {dolores} was waiting .69
[11:34] {Will49} me too
[11:34] {dolores} and went through
[11:34] {scottie} couldn't get in either
[11:35] {Threei} yeah, that was practically unobtainable
[11:35] {dolores} dav you pre set the order?
[11:35] {dolores} I misse it twice today
[11:35] {Threei} first time I traded TLT
[11:36] {Threei} worked fine but it's not an easy trader by any means
[11:37] {Threei} ugh LVS
[11:37] {Threei} got away
[11:37] {Threei} still on watch for an entry into bounce
[11:37] {dolores} you missed it too?
[11:38] {Threei} yes
[11:39] {nemo} yep, summertime trading, what a rinse on tpx
[11:42] {ese} L spn .05
[11:42] {ese} might have hang on for a litle bit
[11:53] {Threei} Short Setup: LVS .55 break
[11:53] {Threei} If holds .65
[11:55] {ese} L tpx .21
[11:56] {ese} sorry i lied it's .21998128
[11:56] {Threei} tsk tsk tsk
[11:56] {ese} my appologies for mis leading the board
[11:57] {Threei} let's trail the stop to .61
[11:57] {Threei} I prefer this kind of breaks work faster than this
[11:58] {Threei} this .54 bidder is like last line of defense
[11:58] {nemo} heading into real chop time too
[11:58] {Threei} but SPY loses support
[11:59] {Threei} so trade still has merit
[11:59] {Threei} finally
[11:59] {Threei} glacial pace
[12:00] {Threei} what's with intimdating sizes at .50
[12:00] {Threei} 3/4 of them are fake I am sure
[12:02] {Threei} Vancouver Island named the top island to visit in Canada and the continental United States by Travel + Leisure Mag
[12:02] {ese} tpx stop to b/e
[12:02] {ese} out 1/2 .30 +.09
[12:03] {ese} cool what 1k can do for instantly
[12:03] {ese} balance stop to .30
[12:04] {Threei} let's see if I am right
[12:05] {Threei} need some selling pressure at .50, and if those are fake, they'll cancel rather than absorb the sellers
[12:05] {ese} tpx balance stopped .30 +.09
[12:08] {nemo} iwm spy look like bottoms forming
[12:08] {nemo} which would make sense, reverse at lunch
[12:09] {ese} tks for the tpx tip nemo
[12:11] {nemo} l tna .81
[12:11] {nemo} stop under .70
[12:16] {nemo} 1/2 .93
[12:17] {nemo} in this environment you almost have to wait for perfect setups
[12:17] {nemo} stop is .79
[12:19] {Threei} out LVS
[12:20] {ese} out spn .27 +.22
[12:21] {nemo} 1/4 more .10
[12:22] {nemo} stop is .94
[12:24] {dolores} I did not want to chase that FAS
[12:24] {dolores} pity
[12:25] {nemo} wow held on by the proverbial hair
[12:28] {nemo} Qcor reaching interesting level, but boy are the hft boys in this one...quotes fluttering like hummingbird wings
[12:29] {nemo} mmmmmhhhh....that was much too poetic
[12:29] {nemo} I know....
[12:29] {nemo} chattering like a squad automatic weapon on full auto
[12:29] {Beau} that's better
[12:30] {nemo} Yeah, I'm starting to get soft in my old age
[12:30] {nemo} Need to go practice my sucker punch at the local school for the blind
[12:30] {dino} heading out. good trading all. back on the 17th or 18th
[12:30] {Beau} watch out for their cane
[12:31] {Beau} have a fun time dino and enjoy beach
[12:31] {nemo} yeah, they tend to have pretty good hearing...I wait for an oncoming truck, they can't hear my approach
[12:31] {dino} will do, thx
[12:31] {Threei} have fun dino
[12:33] {ese} cya dino
[12:33] {nemo} by dino
[12:33] {nemo} don't get blisters from playing too many rounds of golf
[12:34] {nemo} Interesting...3 minute time frame showed that setup shaping up...1 minute time frame, too much chatter
[12:35] {dolores} look at that LVS market up and goes down
[12:36] {Threei} it's very weak
[12:37] {Threei} but that size at .50 still scares sellers
[12:37] {Threei} which is what it's designed to do
[12:37] {Threei} I don't believe it's real support
[12:52] {dolores} will take abreak see you ina awhile
[12:52] {Threei} we'll be here
[12:59] {ese} L urinal .20
[12:59] {ese} sorry thats uri
[13:00] {Threei} Short Setup: V .50 break smaller shares
[13:00] {Threei} If holds .65
[13:02] {Threei} Invalidated
[13:19] {Threei} Short Setup: V .60 break smaller shares
[13:19] {Threei} If holds .70
[13:20] {Threei} change to .70 break
[13:20] {Threei} If holds .80
[13:22] {ese} out uri .40 +.20
[13:22] {ese} days of old here 2.2K
[13:23] {Threei} nice
[13:23] {ese} tks
[13:23] {Beau} gj ese
[13:23] {ese} tks
[13:23] {Threei} V target 1:3
[13:23] {Threei} 1:1
[13:27] {Threei} scalpers win
[13:28] {dolores} I am back V off?
[13:28] {Threei} reached 1:1
[13:29] {Threei} bounced back over trigger
[13:29] {dolores} still in?
[13:29] {Threei} so, whether one scalps or partials, it's overf
[13:29] {Threei} if you scalp, you c,lose whiole psoition at 1:1
[13:29] {dolores} ok
[13:29] {Threei} if you partial, you take part and trail stop to b/e
[13:29] {Threei} in any case, trade is finished
[13:33] {Threei} Long Setup: FCX .60 break
[13:33] {Threei} If holds .50
[13:37] {Threei} 1:1
[13:38] {Threei} can't gauge the potential
[13:38] {Threei} personal decision, scalp or paertial
[13:38] {scottie} out .70 +.10 ty Vad
[13:38] {Threei} yw
[13:40] {dolores} on what news we bounce now'
[13:40] {dolores} ?
[13:40] {Threei} none
[13:40] {nemo} technical bounce, they couldn't sell it down, so you bring it the other way
[13:41] {nemo} Not to sing my own song, but...if you look at my weekend chart and saw my last weeks entry, I figured this SPP QPP MPP area would hold the spy pretty well
[13:49] {Threei} Short Setup: FIO 20 break
[13:50] {Threei} If holds .10
[13:59] {thomcbell} FIO nice 10% correction from thursday
[14:00] {dolores} not giving in yet
[14:01] {scottie} FIO H&S ?
[14:03] {Threei} what time frame are you looking at?
[14:03] {scottie} 1 min
[14:03] {Threei} just DBI
[14:03] {scottie} ok
[14:15] {Threei} Long Setup: GDX .30 break
[14:15] {dolores} nice pullback V
[14:15] {Threei} If holds .25
[14:16] {nemo} if it doesn't trigger look for the ..15 area
[14:17] {Threei} volume remains pathetic:
[14:17] {Threei} - NYSE volume 305M shares, about 25% below its three-month average; . - NASDAQ volume 850M shares, about 19% below its three-month average
[14:17] {nemo} probably pick up a bit next week as earnings kick in, then comatose until September or until Europe blows up
[14:18] {ese} calling it a day all.....cya tomorrow......been a good one
[14:18] {Threei} take care ese, gj
[14:18] {ese} tks cya
[14:20] {Threei} Long Setup: GDX .20 break
[14:21] {Threei} If holds .15
[14:22] {dptl} in .22
[14:27] {nemo} think I like mos long here over .30
[14:28] {nemo} in .31 stop under .25
[14:29] {dolores} GDX stop under .15?
[14:29] {dolores} or .10
[14:29] {Threei} yes
[14:29] {Threei} 14:21] {Threei} If holds .15
[14:29] {nemo} vwap is .10 on gdx
[14:29] {dolores} thxs
[14:29] {dolores} what is vwap?
[14:30] {nemo} I'm waiting to enter there
[14:30] {nemo} Volume Weighted Average Price
[14:30] {nemo} average price/volume of shares bought today
[14:30] {dolores} ok
[14:30] {dolores} interesting
[14:30] {dolores} thxs
[14:30] {nemo} send me a check
[14:33] {nemo} can't take this blistering pace
[14:35] {Threei} well, with this volume...
[14:36] {nemo} mmmhhhh....nyse bidder/seller playing games on mos
[14:37] {Threei} if takes ,.40, you should be golden
[14:37] {nemo} yes, it's how the nyse guy is moving around on the LII, something up
[14:37] {nemo} see if nyse bid comes up again to the offer
[14:40] {nemo} I'm out
[14:40] {nemo} market dropping
[14:42] {Threei} no news
[14:42] {Threei} let's cut GDX in half
[14:46] {dptl} stopped
[14:49] {Threei} still no news... sharp drop
[14:55] {dolores} V holding 123
[14:58] {Threei} *(US) MAY CONSUMER CREDIT: $17.1B V $8BE
[14:59] {Threei} Long Setup: POT .05 break
[14:59] {nemo} ?
[15:00] {Threei} Long Setup: POT .85 break
[15:00] {nemo} you mean .85
[15:00] {Threei} If holds .79
[15:03] {dptl} in .86
[15:06] {dolores} chickened on 25.86 on C
[15:06] {Threei} want to try half at .92 - .93 and half just under 45
[15:06] {dolores} well...
[15:15] {dptl} stopped
[15:16] {Will49} grinds teeth
[15:19] {dolores} stopped
[15:24] {Threei} sigh
[15:27] {Threei} if these range-bound movements become norm for the summer, time to switch to range scalps
[15:27] {nemo} and buy support
[15:28] {Threei} yup
[15:32] {dolores} crazy moves tod
[15:32] {dolores} today
[15:32] {dolores} jumping all over the place
[15:33] {dolores} up and down up and down
[15:37] {Threei} ok, let's try it
[15:37] {Threei} MOS
[15:37] {Threei} .30 break
[15:37] {Threei} that would be buying low of the range
[15:37] {Threei} stop under .25
[15:49] {Threei} well... a few more cents MOS?
[15:49] {nemo} we go higher tomorrow
[15:49] {Threei} as ese would say, PP?
[15:49] {Threei} half out
[15:49] {Threei} stop to .29
[15:49] {nemo} mos
[15:50] {Threei} OK... looks like we are in buy low sell high period
[15:50] {Threei} will start adjusting accordingly
[15:52] {dolores} 8 cents on MOS
[15:52] {dolores} thank you VAD
[15:52] {dolores} see you tomorrow guys take care
[15:52] {Threei} welcome
[15:52] {Threei} you too
[15:52] {dolores} green for me
[15:52] {dolores} slightly but good
[15:52] {Threei} would have given us more if not that close to eod
[15:52] {Threei} good
[15:52] {dolores} small amounts
[15:52] {Threei} these are tough days
[15:52] {Threei} a lot of jerking around
[15:53] {Threei} green is good
[15:53] {dolores} yes thxs and learning
[15:53] {Threei} :)
[15:53] {Will49} Good conditions to learn..for me no bad habits
[15:53] {dolores} yes
[15:53] {dolores} take care you all
[15:54] {Threei} out in full .40
[15:54] {scottie} Thanks Vad, good night all
[15:54] {Threei} thank you all
[15:54] {Threei} have a good evening
[15:54] {Will49} ByBy
[15:54] {Threei} see you tomorrow
[15:56] {nemo} lotsa bad news, market doesn't go down
