Friday, July 20, 2012

July 20 2012

Know any better way to finish the week than 100% day, with no single stop, all trades working like charm? Works for me! 

Session Time: Fri Jul 20 00:00:00 2012
[08:59] {dino} gm
01[08:59] {Threei}  morning dino
01[09:04] {Threei}  (GR) ECB rules that the Govt bonds from Greece are ineligible for use as collateral at the moment - financial press- Will asses eligibility after Greek Troika review
01[09:05] {Threei}  right... Troika may make them more valuable
01[09:06] {Threei}  (ES) The 10-year Spanish/German Gov't bond spread at fresh EMU record level above 600bps
01[09:07] {Threei}  the next headline would have been funny if it weren't this sad:
01[09:07] {Threei}  (ES) Spain budget mininster Montoro expresses surprise by the information that Valencia has sought aid from the Govt, noting that in the past Valencia did not request aid
[09:07] {jackharry} Good morning
01[09:07] {Threei}  jack :)
01[09:08] {Threei}  sounds like" doctor expressed surprise by the information that patient was diagnosed with diabetes, noting that in the past he was healthy"
01[09:10] {Threei}  I also liked this from yesterday:
01[09:10] {Threei}  (US) US government said to be accelerating efforts to sell assets acquired through the 2008 interventions in the financial sector - US financial press
01[09:10] {Threei}  - The assets include bank stakes and distressed mortgage securities.
01[09:10] {Threei}  - The Treasury has invested about $245B in over 700 banks and thus far the government has received about $265B from its bank bailout programs.
[09:10] {nemo} right
01[09:10] {Threei}  while first reaction is "hooray, they made money on a bailout," then I can't help but wonder: if this "investnment" was so great, who exactly paid these $20B that government gained?
[09:13] {Beau} morning all
[09:14] {scottie} gm
01[09:17] {Threei}  beau, scottie :)
01[09:20] {Threei}  despite decent gains by GOOG and MSFT, market's red on EU renewed concerns
[09:20] {Will49} Rainy GM
01[09:20] {Threei}  Will :)
[09:21] {nemo} or is it Friday profit taking after a bull week
[09:21] {nemo} I hate news headlines
[09:21] {nemo} Some asshole writes it making connections
[09:21] {nemo} Why can't it be market up because of X-class solar flare
01[09:21] {Threei}  Will :)not really in this case
01[09:21] {Threei}  not really in this case
01[09:21] {Threei}  EU troubling headlines started appearing in the evening
01[09:22] {Threei}  here is what got my attention yesterday:
01[09:23] {Threei}  - The potential of German, Finnish or Dutch ministers disputing an Irish debt deal is emerging as a main concern among European negotiators as preparations advance for a review of the Irish bank bailout. Even with revision of the bailout scheme in the autumn, parliamentary approval is required in many countries. According to the Irish Times, an unnamed senior European official was reported to have said that the need for a parliamentary vote in many countries presents a high degree of political risk to the initiative given the strength of anti-bailout sentiment among German, Finnish and Dutch ministers.
[09:24] {dptl} gm
01[09:26] {Threei}  dp :)
[09:28] {ese} gm
01[09:28] {Threei}  ese :)
01[09:30] {Threei} Long Setup:  GDX  .35 break
01[09:31] {Threei}  If holds  .25
01[09:31] {Threei}  too fast?
[09:31] {scottie} yep
[09:31] {jackharry} too fast
01[09:31] {Threei}  over 1:1
01[09:31] {Threei}  grr
01[09:33] {Threei} Long Setup:  TZA  .15 break
01[09:33] {Threei}  If holds  .10
[09:33] {nemo} careful with that one
01[09:34] {Threei}  half out .22
01[09:34] {Threei} Short Setup: LVS  .65 break hl
01[09:35] {Threei}  If holds  .75
[09:35] {nemo} a bit spready
01[09:35] {Threei}  out TZA
01[09:35] {Threei}  .28
[09:36] {scottie} out at .22, +.06 ty
01[09:36] {Threei}  yw
[09:36] {jackharry} out tza at .28, thanks
01[09:36] {Threei}  :)
01[09:36] {Threei} Long Setup:  FCX  .80 break
01[09:37] {Threei}  If holds  .70
[09:37] {nemo} tna .86
[09:37] {nemo} stop under .75
[09:37] {nemo} 1/2 .00
01[09:37] {Threei}  change to .75 break
01[09:38] {Threei}  change to .70 break
[09:39] {nemo} 1/4 more .15
01[09:39] {Threei}  half out .79
[09:39] {nemo} in fcx
01[09:39] {Threei}  LVS was fadeable, eh
[09:40] {nemo} stop under .00 fro tna
[09:41] {nemo} if tna drops I'm out fcx too
[09:41] {nemo} out tna
[09:41] {nemo}  oops
01[09:41] {Threei}  1/4 more .84
01[09:42] {Threei}  out in full
01[09:42] {Threei}  .90
01[09:42] {Threei}  +.19
[09:42] {nemo} on what vad?
01[09:42] {Threei}  FCX
[09:43] {nemo} oh, you get in in the .70s?
01[09:43] {Threei}  [09:38] {Threei} change to .70 break
[09:43] {nemo} missed that
[09:43] {nemo} but I got in .76
01[09:43] {Threei}  man... the number of people who keep me on ignore in this room...
[09:43] {nemo} and then out when tna dropped
[09:43] {Beau} no  fill at .72
[09:43] {nemo} wasn't ignore...I only have two eyes
[09:44] {dino} lol
01[09:44] {Threei} Short Setup: LVS  .20 break
01[09:44] {Threei}  what kind of mutant are you
[09:45] {nemo} gap fill sndk
01[09:46] {Threei}  If holds  .30
01[09:46] {Threei}  "obviously"
01[09:46] {Threei}  1:1
[09:46] {scottie} out .09, +.10 thanks Vad
01[09:47] {Threei}  :)
[09:48] {Beau} scalped .11 thanks vad
[09:48] {nemo} could make an argument tna long over .60
01[09:48] {Threei}  yw
01[09:49] {Threei}  beau, just how much easier life becomes when you can short? :)
[09:49] {nemo} have to hold .50 of course
[09:49] {Beau} :)
01[09:49] {Threei}  1:2
01[09:50] {Threei}  me out
01[09:51] {Threei}  wow
01[09:51] {Threei}  FCX
01[09:51] {Threei}  thought of shorting .60... grrr
[09:52] {nemo} small tna long .46
[09:52] {nemo} stop under .36
[09:53] {thomcbell} closed lvs thanks Vad
[09:53] {nemo} oh oh
[09:53] {thomcbell} good one
01[09:53] {Threei}  :)
[09:53] {nemo} 1/2 .60
01[09:53] {Threei}  Euro vs US Dollar Hits fresh session lows at 1.2157, dealers had highlighted 1.2160 as key hourly support
01[09:54] {Threei}  this development with GOOG/MSFT on one side and EU troubles on another is just one more confirmation, in case anyone needed it:
01[09:54] {Threei}  EU situation is all-encompassing
[09:54] {nemo} stop to b/e
01[09:54] {Threei}  nothing matters short term if EU falls apart
01[09:55] {Threei}  sorry, if = when
01[09:56] {Threei} Long Setup:  FCX  .35 break hl
[09:56] {nemo} fcx low right on a retracement I have drawn...mmmmhhhhh
01[09:57] {Threei}  change to .30 break
[09:57] {nemo} 1/4 more .70 tna
01[09:58] {Threei}  repear for nemo:
01[09:58] {Threei}  change to .30 break
[09:58] {nemo} iddy biddy left
[09:58] {nemo} ty
[09:58] {dino} stc rovi aug 10 calls, +.90
01[09:58] {Threei}  Invalidated
[09:58] {nemo} reminds me of funny story
[09:59] {nemo} In my former "bodyguard" career in rock'n roll, had these three brothers that worked with us
[09:59] {nemo} two older brothers ran between 240 and 300 lbs
[09:59] {nemo} their names were John Biddy and Ken Biddy
[10:00] {nemo} their "little" brother started working with us
[10:00] {nemo} he tipped the scales at 350 or so
[10:00] {nemo} we called him "itty Biddy"
01[10:00] {Threei}  ok... it is a little funny
01[10:01] {Threei}  watching LVS for reversal
[10:01] {nemo} Well was even funnier, when he picked some guy up off the ground with one hand around his throat, and you said to him.  "Hey Iddy Biddy" put him down
[10:01] {ese} L acn .05
[10:02] {nemo} The incredulous look on the victim's face was priceless
[10:02] {nemo} out tna last .86
[10:03] {nemo} stupid me
01[10:03] {Threei}  LVS got away
[10:03] {nemo} BTFD!!!
01[10:03] {Threei}  so did FCX
[10:03] {Will49} Don't be distracted ny nemo's jokes
01[10:03] {Threei}  no..
[10:04] {cipher} I took FCX break of .20
01[10:04] {Threei}  both just reversed with no setup
[10:04] {ese} stop acn .86
01[10:04] {Threei}  out yet cipher?
[10:04] {nemo} 137.20 likely for spy
[10:05] {cipher} yes
01[10:05] {Threei}  LVS may be coming in for DB
01[10:05] {Threei}  wtg
[10:05] {cipher} .40
[10:05] {cipher} ty
01[10:05] {Threei}  want it under .70 and holding .60, for long entry on recross
[10:07] {nemo} lvs looks more short to me
01[10:08] {Threei}  lost .60
[10:09] {nemo} pivot .37
01[10:11] {Threei}  let's revisit GDX
01[10:12] {Threei} Long Setup:  GDX  .55 break
01[10:12] {Threei}  If holds  .50
[10:12] {dino} ufpi sm l .96 ave
01[10:13] {Threei}  Invalidated
01[10:14] {Threei}  but in a radar for another trigger
01[10:14] {Threei} Long Setup:  GDX  .50 break
01[10:14] {Threei}  If holds  .45
[10:16] {ese} acn stop to .98 tight
[10:16] {ese} stopped
[10:17] {ese} .98 -.07
01[10:20] {Threei} Long Setup:  LVS  .60 break
01[10:21] {Threei}  Invalidated
06[10:21] * Threei kicks GDX in the rear
01[10:23] {Threei}  wow
01[10:23] {Threei}  who tripped over market plug
[10:23] {nemo} Summer Friday
01[10:23] {Threei}  GDX is impressively strong
01[10:24] {Threei}  well, maybe I am too impressionable...
01[10:24] {Threei}  and easily amused
[10:25] {Will49} :)
01[10:26] {Threei}  acts like salmon
01[10:26] {Threei}  half out .60
[10:26] {scottie} out in full, +.10 ty
01[10:26] {Threei}  thought this one had a potential to become our first stop but no... still running stopless
01[10:27] {Threei}  unstoppable?
01[10:27] {Threei}  Forrest-Gampish?
[10:29] {dino} out ufpi .62, +.66
01[10:29] {Threei}  wtg
[10:29] {dino} ty
[10:30] {ese} nemo......i'm looking for an iwm .30 break....seem reasonable to you?
[10:32] {nemo} I guess we could call this commentary after the fact, but it's been a strong up week, I'm expecting relatively rangebound profit taking today with the likelihood to the downside
01[10:32] {Threei}  may I?
01[10:32] {Threei}  no :)
[10:32] {ese} tks
01[10:33] {Threei}  smart a$$ remark, I know
[10:33] {nemo} 78.95-79.02 is a confluence zone for IWM
[10:33] {ese} tks
01[10:33] {Threei}  look at this:
01[10:33] {Threei}  NYSE volume 275M shares, about 67% above its three-month average;
[10:34] {nemo} 136.25 is S3 for SPY with 136.50 support, btw, the high for SPY today was the weekly R1
01[10:34] {Threei}  volume is back, and olur percentage improves immediately
[10:34] {nemo} volume is back to the downside
01[10:34] {Threei}  plus red day, which is so much easier to trade...
[10:35] {dino} agree there
[10:37] {Beau} vad, would you call a db 9:53 and 10:57
[10:38] {Beau} gdx
01[10:38] {Threei}  no, not really
01[10:42] {Threei} Long Setup:  TZA  .35 break
[10:42] {nemo} Hey ese!
01[10:42] {Threei}  If holds  .30
01[10:44] {Threei}  valid still
01[10:48] {Threei}  Spanish 10 years at 7.25% today
01[10:48] {Threei}  ouch
01[10:49] {Threei}  Invalidated
[10:58] {dino} ppg spike
[11:03] {cipher} +.44 ppg thx
[11:03] {cipher} that was long
[11:03] {cipher} and +.24 short
01[11:03] {Threei}  lol
[11:04] {dino} sm l ufpi .00
01[11:07] {Threei}  (EU) ECB's Coeure: Measures are clearly needed to help growth in the short term to help dampen impact of austerity programs
01[11:08] {Threei}  would be great if he explained what measures they could possibly take, in leu of more borrowing
[11:09] {jackharry} More borrowing is exactly what he means....they are like drunks who think the answer to a bad hangover is to keep drinking
01[11:10] {Threei}  hmmm
01[11:10] {Threei}  now that you put it this way, I start actually sympathize with their idea
01[11:11] {Threei}  look at EWP daily
01[11:11] {Threei}  what a train wreck, eh?
01[11:11] {Threei}  who knows what this ETF is, raise your hand
01[11:12] {Threei}  and who believes in telekinesis, raise my hand
[11:13] {nemo}
01[11:13] {Threei}  in the strongest yet demostration of resolve and power,
01[11:13] {Threei}  UN Security Council unanimously approves 30-day extension to UN monitoring mission in Syria
[11:17] {dino} mlnx drop
[11:19] {dino} sm l .44
[11:19] {nemo} what's your stop?  .00
[11:20] {dino} .14
[11:20] {nemo} 89.77 is S1 daily, w/89.40 as 23.6 retrace from the top
[11:21] {dino} out mlnx .81, +.37
[11:22] {dino} what worries me is the gap 67
[11:30] {dino} there goes 89.40
[11:30] {nemo} maybe not
[11:30] {nemo} ;-0
[11:31] {nemo} god bless the spread players
[11:31] {ese} lol...............thats a good saying
[11:32] {nemo} good night Irene
[11:33] {dino} lgnd spike
01[11:34] {Threei}  The silence on the European front was broken by rumors German political forces were backing a Greek exit from the euro zone, one day after the head of the Greek privatization agency resigned over the utter failure of his organization to privatize anything.
[11:35] {ese} right after they've lent them all that money
[11:36] {Will49} What a mess!
01[11:39] {Threei}  it will only become messier
[11:40] {Will49} afriad so
[11:40] {dino} thats why these market rallies confuse me. big part of world is about to collapse
01[11:40] {Threei}  there is simply no solution to this
01[11:41] {Threei}  wide-eyed idiots spraying media with words like "political will" can deny gravity with the same success
[11:41] {ese} L ggc .40
[11:41] {Will49} US can devalue $ for a few more years
[11:41] {ese} 1/2
01[11:41] {Threei}  actually, in a strange turn of events, EU collapse opens a lot of room for US to print new dollars
01[11:42] {Threei}  demand fleeing Euro will support it
01[11:43] {Threei}  what happens next is anyone's guess, I don't believe at this point anyone possesses thea bility to fugure it all out
[11:43] {ese} out .60 ggc +.20
01[11:43] {Threei}  certainly last 5 or so years demonstrate utter incapability of pundits of all kinds to predict anything
[11:43] {ese} conservative game today
01[11:44] {Threei}  starting with Big Ben's infamous "real estate retreat is temporary and recovery is imminnet,", circa 2007
01[11:44] {Threei}  and this guy is trusted to lead us out
[11:45] {dino} goro sm l .00
[11:45] {nemo} mmmmhhhhh. V short under 125,90?
[11:46] {nemo} 125.90
01[11:46] {Threei}  why??
01[11:46] {Threei}  126 long, yes
01[11:46] {Threei}  consolidates at the high while market barely bounces
01[11:49] {Threei}  here is Ben is 2007:
01[11:49] {Threei}  However, fundamental factors � including solid growth in incomes and relatively low mortgage rates � should ultimately support the demand for housing, and at this point, the troubles in the subprime sector seem unlikely to seriously spill over to the broader economy or the financial system.
[11:50] {nemo} I remember that
01[11:50] {Threei}  nope, no spill over whatsoever
[11:51] {nemo} well, that was before they new subprime was throughout all credit vehicles
[11:51] {nemo} that V idea looking better
01[11:51] {Threei}  how on earth Fed chairman may not know that?
[11:52] {nemo} what, how the it wasn't just the CMO's but the CDO's too?
01[11:52] {Threei}  worse yet:
01[11:52] {Threei}  it's not just mortgages,
01[11:52] {Threei}  it's general lifestyle built on easy credit
[11:52] {nemo} that's "all credit vehicles"
01[11:52] {Threei}  blown up demand,
[11:52] {nemo} yep
01[11:53] {Threei}  supply capacity built up to satisfy that demand
[11:53] {nemo} drives up prices...look at education about bubble from easy credit
01[11:53] {Threei}  millions of jobs that exist to satisfy the demand based on credit
[11:53] {nemo} Mish did a graphic on the inflation rate in education compared to food housing and someting else last week...UFB!
01[11:53] {Threei}  any wonder that the whole thing fell apart this rapidly?
[11:54] {nemo} doji on V
01[11:54] {Threei}  it's called deleveraging, you idiots
01[11:54] {Threei}  and it's as inevitable and unavodiable as gravity
01[11:54] {Threei}  it doesn't depend on your will
01[11:54] {Threei}  it's actual objective law
[11:55] {nemo} Yin/Yang Reversion-can't expand forever, can't break principle
01[11:55] {Threei}  like law of nature
[11:55] {Will49} and human nature
[11:55] {nemo} Yep, that's why all this will come down
[11:56] {Will49} However...we humans always find a way...
[11:56] {nemo} but there is a price...Noah's Ark
[11:57] {nemo} Yep, his family survived, and 1 pair of each animal
[11:57] {nemo} That was it
[11:57] {nemo} So, yeah, a way will be found, but there will be a price
[11:57] {nemo} short V .90
[11:57] {Will49} agree
[11:58] {nemo} And it will likely be vicious
[11:58] {Will49} maybe
[11:58] {dino} lol, noahs ark.
[11:58] {ese} gotta say called this right earlier...........range bound
[11:59] {nemo} We found a way to win WWII, 6 million jews 3 million assorted and 26 million russians later
01[11:59] {Threei}  nemo... if you catch early morning flight to Victoria, you can join us to continue this in person
[11:59] {nemo} not counting germans
[11:59] {nemo} hehehehe
[11:59] {Will49} Yea come on nemo
[11:59] {nemo} you look at the charts ese?
[11:59] {ese} good sugestion vad
[11:59] {ese} which one
[12:00] {nemo}
[12:00] {ese} I do look that those once in a while
[12:01] {nemo} see where we are on IWM?
[12:01] {ese} got one up on SNDK right now
[12:01] {nemo} right in between. Unless SPY get's down through that price action from the 18th, we probably stay here
[12:02] {ese} ya agreed
[12:02] {nemo} See what Bonds do here at WR2
[12:02] {nemo} and if $ starts to drop, but I doubt it going into the weekend with Spain and Italy wobbling a bit
[12:02] {nemo} 1/2 .75 V
[12:02] {nemo} stop above .95
[12:04] {nemo} that break above the whole with the subsequent candle breaking below kinda told me that was going lower
[12:04] {nemo} even though it tested above the whole one more time
[12:04] {nemo} then you have the indecisive doji, followed by the decision to drop below the doji
[12:05] {nemo} mlnx dino
[12:06] {nemo} keep an eye on that .70 bid V
[12:07] {nemo} might be another entry if .70 drops folks
[12:08] {nemo} stop is .90
[12:11] {nemo} .85
[12:13] {thomcbell} 40.70 is 50% retrace on lvs - risk reward on a long might get interesting once a setup surfaces down there
[12:13] {thomcbell} kind of a textbook failure around the 42 level
[12:13] {thomcbell} however
[12:14] {nemo} one lot above .85
[12:14] {nemo} didn't get me yet, and yet another doji
[12:15] {nemo} ahhh...the grim reaper is nigh
[12:15] {nemo} will I eat the mousse?
[12:16] {nemo} of course, this may be one of those idiocies on my part where if I maintained my original stop everthing would be hunky dory
[12:17] {nemo} $ still strengthening
[12:17] {nemo} I ate the mousse
[12:23] {dptl} Vad how's the weather in Victoria? raining like hell in Vancouver
[12:23] {dino} better than the mouse
[12:24] {dino} out ufpi .44, +.44
01[12:24] {Threei}  little drizzle earlier, cleared now
[12:24] {nemo} not if you saw the movie dino
[12:24] {dino} missed it
[12:25] {nemo} Monty Python's "The Meaning of Life"
[12:25] {dptl} may be i should relocate :)
[12:25] {dino} nov sm l .00
[12:25] {nemo} looking like bounce time
01[12:26] {Threei}  well, we have about half of your rains
[12:27] {dptl} and same amount of vodka... lol
[12:28] {dptl} bringing Russian Standart with me tomorrow
[12:29] {nemo} yep, shoulda left my stop alone
01[12:30] {Threei}  um... you might want to keep it private, or it maybecome last straw on nemo's back
[12:31] {dptl} he he :)
[12:31] {nemo} You had tito's yet?
01[12:35] {Threei}  ?
[12:35] {nemo} now normally what I'm seeing would be signal for a bottom
[12:35] {nemo} anyway
[12:35] {nemo} tito's vodka?
01[12:35] {Threei}  no
[12:36] {nemo} made in Texas actually, Alex introduced me to it
[12:36] {nemo} Then I was reintroduced to the floor shortly thereafter
[12:37] {dino} lol
[12:37] {dptl} lol, must be good one
[12:37] {nemo} Considering he's russian he knows his vodka
[12:38] {nemo} mmmhhh, wfm short
[12:42] {nemo} yep bottom, at least temporary
[12:42] {ese} L ocz .76
[12:43] {nemo} wow...weird, still feels like early morning here
[12:45] {nemo} damn, tightening those stops cost me money
[12:53] {nemo} mmmhhhh, mnst gonna' breakout or down?
[12:54] {nemo} wow, popped bids dropped now coming back up
[12:54] {nemo} sheesh
[13:00] {dino} onxx spike
[13:03] {nemo} doji wfm
[13:11] {dino} out nov +.05, thing won't move
[13:18] {nemo} MAN down 6.66%....mmmhhhhh
[13:24] {dino} lowered guidance, downgraded
[13:32] {thomcbell} did a setup materialize in lvs Vad?
[13:33] {thomcbell} had to step off for last hour or so
01[13:33] {Threei}  h,,,
01[13:34] {Threei}  last one we looked at it was 10:20
01[13:34] {Threei}  was invalidatef
01[13:34] {Threei}  never returned to it after that
01[13:34] {Threei}  10:20] {Alert} Threei Long Setup: LVS .60 break
01[13:34] {Threei}  [10:21] {Alert} Threei Invalidated
01[13:39] {Threei} Long Setup:  FCX  .80 break
[13:48] {nemo} I'll have to set hard stops and partials, think I'm going to fall asleep
01[13:50] {Threei}  let's partial FCX here
[13:52] {dolores} hello guys
[13:52] {dolores} hello VAD
[13:52] {nemo} alarm clock
[13:52] {nemo} mmmhhhh, bhi short below .40?
[13:53] {nemo} look algn level
[13:55] {Will49} Hi Dolores
01[13:55] {Threei}  morning dolores
01[13:55] {Threei}  1/4 more out FCX
01[13:56] {Threei}  missed 100% day...
[13:58] {scottie} out in full .91 +.10 ty Vad
01[14:00] {Threei}  yw
[14:01] {dolores} ibex closed 5% DOWN
[14:01] {dolores} this reminds me of 2008
01[14:02] {Threei}  we are getting there
[14:03] {dolores} main and only solvent banks down 8 %
[14:03] {dolores} ibex 5.82 %
[14:03] {dolores} was logged out
[14:03] {dolores}  how ws the day'
[14:03] {dolores} ?
[14:04] {nemo} [13:56] {&Threei}  missed 100% day...
01[14:05] {Threei}  no single stop
[14:05] {nemo} we're going to vwap on spy and iwm
[14:05] {dolores} good day then
[14:05] {dptl} see ya monday all...have a good weekend
01[14:06] {Threei}  take care dp, see you tomorrow
[14:08] {dino} goro sm l .00
[14:08] {nemo} el goro got gored
01[14:09] {Threei}  while we are bored, reprocessed old shot from Bahamas:
[14:10] {dino} cya dp
[14:10] {scottie} great shot Vad
01[14:10] {Threei}  ty
[14:14] {scottie} Ok that's it for me, have a good weekend, see you all monday
[14:14] {dolores} GS holding well today
[14:14] {ese} cut off
01[14:15] {Threei}  really time to change that ISP...
01[14:15] {Threei}  see you losing connection so often... just can't remember that happening woth Shaw other than planned maintenance
[14:18] {ese} ya
[14:19] {thomcbell} long setup FIO 19.47 break if holding 19.39
[14:22] {thomcbell} invalidated
[14:22] {thomcbell} will continue to watch it
[14:23] {dolores} what is the ISP I lost connection yesterday once and today once
01[14:27] {Threei}  internet service provider
[14:28] {dolores} I have to check mine?
[14:28] {dolores}  nothing else disconnects
01[14:28] {Threei}  nah, not unless you experience constant outages
[14:29] {dolores} ok
[14:31] {dino} mlnx sm l .51
[14:32] {nemo} I'll take the other side fo that one if it drops .50
[14:32] {dino} ok
[14:32] {nemo} having said that, could go to vwap
[14:33] {dino} thats what i am seeing, and s1
[14:33] {nemo} yeah, then again, summer Friday, it might not trade again
[14:33] {dino} roflol
[14:33] {nemo} sfsg
[14:34] {dino} ?
[14:34] {nemo} So Far So Good
[14:34] {dino} ahh
[14:34] {nemo} if it breaks S1 wait for the retest
[14:34] {nemo} see if it keeps going higher
[14:35] {dino} banging s1
[14:36] {nemo} whole hundred shares through
[14:36] {dino} see it
[14:36] {nemo} 200
[14:36] {dolores} is FIO finding support .30?
01[14:37] {Threei}  not if SPY proceeds lower
[14:37] {nemo} which would be the safe bet
01[14:37] {Threei}  yeah
01[14:38] {Threei}  eod before the weekend with such nasty EU developemtns
01[14:38] {Threei}  you can expect selloff into eod with better odds than a bounce
[14:38] {dino} partial out mlnx .81, +.30
[14:38] {nemo} odds are flat to lower, then again, just to piss us off, bull run into close
[14:38] {nemo} think it's limited to vwap though
[14:38] {dino} 3 left to sell
[14:40] {dino} out remainder .745 ave, +.235
[14:41] {nemo} o.k. ese
[14:41] {dino} wrld drop
[14:41] {nemo} now my short below .50?
[14:42] {dino} ok
[14:42] {nemo} actually the signal was at S1
[14:43] {nemo} I was rooting for you so I didn't pay attention to the setup
[14:46] {dino} ty
[14:46] {dino} adding goro aug calls
[14:46] {nemo} frickin' market moves like an arthritic tortoise
01[14:47] {Threei}  one-legged snail in frozen mollasses
[14:47] {dino} ufpi sm l .95
[14:48] {dino} turtle of amazing girth, upon his back he carries the earth. remember vad
01[14:49] {Threei}  yes :)
01[14:49] {Threei}  you know there is another book of the series?
[14:49] {dino} neighbor just moved, she left me a big box of king books
01[14:49] {Threei}  this is new one
[14:49] {dino} no i did not
[14:49] {dino} not black house/
[14:50] {dino} damn mlnx
[14:51] {nemo} pullback was very shallow
01[14:53] {Threei}  can't find the title on the go, I will
01[14:55] {Threei}  The Wind Through the Keyhole
[14:55] {dolores} waiting , waiting it to break lower missed that FIO
[14:58] {dolores} was more comofrtable with itr breaking .25 and bouncing
[14:59] {dino} out ufpi .30, +.35
[15:00] {dino} bummer, just went to ,50s
[15:03] {nemo}
[15:05] {nemo} looks like mlnx might go for vwap
[15:06] {ese} finally ocz
[15:08] {nemo} mmmhhhhh...diverging spy and IWM signalas
[15:08] {nemo} signals
[15:08] {nemo} I know....
[15:08] {nemo} Put down the bottle, nemo
[15:10] {ese} diverging spy and do you interpret that nemo.....have never thought about it
[15:11] {nemo} looking at the strength of the's actually been happening semi-regularly since the beginning of the year
[15:12] {nemo} if you think about it today, it makes sense
[15:12] {nemo} risk off day...iwm should arguably be weaker, but this little pop by spy is stronger than iwm
[15:12] {nemo} still think vwaps are possible
[15:15] {ese} why would iwm be onsidered weaker the spy......because of the companies that are represented in the index
[15:15] {ese} than spy
[15:16] {nemo} iwm are smaller companies, so they are considered more risky, whe IWM runs risk on
[15:16] {nemo} SPY are more like the conservative parents
01[15:17] {Threei}  IWM is small caps
[15:17] {nemo} yeah, I think up to a billion dollars
[15:17] {ese} ahhhhh ya makes sense
[15:18] {nemo} under 2 billion
[15:18] {ese} ok i get this.......can kinda give you an idea of where the money is going
[15:19] {nemo} I have a list of about 25 tracking etfs and a few stocks I watch to let me know where the strengths and weaknesses are in the market
[15:19] {nemo} I posted it a few weeks ago in the blog
[15:19] {nemo} like right now...finnies re in the outhouse, so we're not going anywhere but down
[15:20] {nemo} we may get to vwap but it's coming down
[15:22] {nemo} ese dcc
[15:23] {nemo} Eric!!!
[15:24] {Will49} nemo, use your inside voice
[15:24] {Will49} :)
[15:24] {nemo} Go visit The Force, will ya
01[15:24] {Threei}  everything not involving 2x4 IS his inside voice
[15:25] {Will49} slinks away with tail between legs
[15:26] {nemo} for all intents and purposes iwm has been walking a channel between the Monthly and Quartely pivot since 12:30
[15:29] {dolores} LVS close to lows
[15:30] {nemo} out comes the rug?
[15:31] {ese} out ocz .97 +.20 5k of the little blighters
01[15:31] {Threei}  wtg
[15:32] {nemo} what was that bank stock he'd trade back in 09 for 20k shares?
[15:32] {thomcbell} fio cup forming
[15:32] {thomcbell} not playing due to market
[15:32] {thomcbell} decent chop there 19.35 entry
[15:32] {thomcbell} didnt play
[15:34] {dino} gjese
[15:34] {ese} hmmmmmm ya know....i can't remember what it was either
[15:35] {ese} tks dino
01[15:35] {Threei}  trying to find one last short
[15:42] {nemo} ahhh fitb
[15:42] {nemo} 20k shares here 20k shares there
[15:43] {ese} vad dcc
01[15:43] {Threei} Long Setup:  FAZ  .36 break
[15:44] {ese} have a great weekend everyone.........cya monday
01[15:44] {Threei}  take care ese
01[15:44] {Threei}  let's see if we can get a finishing scalp with push over .40
01[15:53] {Threei}  well?
01[15:54] {Threei}  someone push it over the fence
[15:56] {dolores} see you monday guys have agreat weekend !!
01[15:56] {Threei}  cool beans
01[15:56] {Threei}  getting last scalp
[15:56] {Will49} Have a great weekend everyone
01[15:56] {Threei}  you too dolores
[15:56] {Will49} Good call Vad
01[15:56] {Threei}  out
01[15:56] {Threei}  100% day
[15:56] {thomcbell} good weekend all
01[15:56] {Threei}  good way to finish the week
01[15:56] {Threei}  have a great weekend guys
01[15:56] {Threei}  if I am not here on Monday, my tomorrow's guests wuill fill you in
[15:57] {dino} have fun 3i
[15:57] {dino} out goro -.05
01[15:57] {Threei}  ty