Monday, September 10, 2012

Sep 10 2012

Positive day but somewhat uneven, and leaving with feeling of potential underutilized. 

Session Time: Mon Sep 10 00:00:00 2012
[09:00] {Threei}  yawn
[09:05] {scottie} gm
[09:06] {Threei}  scottie :)
[09:06] {goryl} gm
[09:06] {jackharry} good morning
[09:06] {Threei}  goryl, jack :)
[09:10] {dino} gm
[09:10] {Threei}  dino :)
[09:11] {Threei}  things in Germany look a bit more complicated
[09:11] {Threei}  a lot of opposition to bond buying
[09:15] {Beau} good morning all
[09:15] {Threei}  beau :)
[09:16] {Beau} nemo, appreciate the chart. May have questons as I study it. OK?
[09:17] {nemo} yep
[09:19] {Threei}  how about Sunday Links e-mail this weekend? who got it, who didn't?
[09:19] {scottie} ok here
[09:19] {Will49} gm
[09:19] {jackharry} yes
[09:19] {Threei}  will :)
[09:19] {goryl} got it
[09:19] {Will49} didn't get sunday email
[09:19] {Beau} got it
[09:20] {Threei}  it was sent on Sat actually, will :)
[09:20] {Will49} still didn't get it
[09:20] {RonS} gm got it...
[09:20] {Threei}  ron :)
[09:21] {dolores} hello GM
[09:21] {robbers} Got it.
[09:21] {dolores} I did not get any link this weekend
[09:21] {Threei}  hi dolores
[09:22] {ese} morning......
[09:22] {Threei}  bill, check your e-mail now, trying something
[09:22] {Threei}  ese :)
[09:22] {ese} auditions for my high school R&B band start today...........vad you going to audition.........vocals?
[09:22] {Will49} Got it..tks
[09:23] {dolores} and checked my spam
[09:23] {Threei}  you too, dolores, look now
[09:23] {Threei}  hmmm... sounds interesting ese
[09:23] {dolores} now yes thxs+
[09:23] {dolores} where is my :)?
[09:23] {dptl} gm
[09:23] {dino} got it
[09:24] {goryl} Does anyone know  the symbol for nasdaq futures on laser?
[09:24] {Threei}  OK, I don't know what's with this... it goes through when sent manually but not automatically, from the same address
[09:24] {ese} dp
[09:24] {Threei}  dp :)
[09:24] {Threei}  sorry, dolores, missed it checking on e-mail... here it:
[09:24] {Threei}  :)
[09:24] {dolores} ha ha thxs
[09:25] {Threei}  overall though, it went throuhg with much higher % this weekend
[09:25] {Will49} maybe the german high court has to approve my emails
[09:25] {Threei}  none of techies I spoke to can pinpoint the problem
[09:26] {Threei}  so... make sure to check the trading log if you don't get e-mail
[09:30] {Threei} Long Setup:  AIG  .40 break
[09:30] {Threei}  If holds  .30
[09:32] {Threei} Short Setup: FCX  .60 break hl
[09:32] {dino} mlnx blood again
[09:32] {Threei}  AIG target 1:2
[09:32] {Threei}  FCX invalidated
[09:33] {Threei}  1:1
[09:33] {scottie} +.10 ty Vad, nice start
[09:33] {Threei}  yw
[09:34] {Will49} yes..tks Vad
[09:35] {Threei} Short Setup: FCX  .85 break
[09:35] {Threei}  hl
[09:35] {dino} bud sm l .10
[09:35] {Threei}  If holds  .90
[09:35] {Threei}  target .65
[09:36] {Threei}  half out
[09:36] {Threei}  .75
[09:36] {Threei}  second half stopped
[09:39] {nemo} kors gonna' gap fill it looks
[09:39] {nemo} BTFD!!!!!
[09:40] {Threei} Long Setup:  CLF  .20 break hl
[09:40] {Threei}  If holds  .10
[09:40] {Threei}  target 1:3
[09:40] {Threei}  ummm
[09:40] {dolores} too fast
[09:40] {Threei}  good luck getting that fill
[09:40] {dolores} trade still on}?
[09:41] {Threei}  no, hit 1:1
[09:43] {Threei} Long Setup:  LVS  .45 break
[09:43] {Threei}  If holds  .35
[09:44] {Threei}  Invalidated
[09:46] {nemo} mcp
[09:47] {nemo} bidu sheesh
[09:49] {dino} rkt sm l .99
[09:49] {dolores} that CLF must have goten a lot of shorters on the way up
[09:49] {dino} ndz
[09:50] {dolores} with that downgrade the day before
[09:50] {Threei} Long Setup:  VLO  .50
[09:51] {Threei}  If holds  .40
[09:53] {Threei} Long Setup:  SBUX  .70 break
[09:53] {Threei}  If holds  .60
[09:54] {Threei}  target 1:2
[09:54] {Threei}  VLO target 1:3
[09:54] {Threei}  SBUX 1:1
[10:00] {Threei}  1:2, out
[10:00] {Threei}  first 30 min at 100%
[10:00] {Threei}  3:3 and one more wrking but impossible to execute
[10:01] {dino} out rkt .49,
[10:01] {dino} +.50
[10:01] {Threei}  wtg
[10:01] {dino} ty
[10:04] {dino} out bud .40, +.30
[10:05] {dolores} VLO still on right?
[10:05] {Threei}  yes
[10:07] {dolores} CLF trying to break that .85
[10:07] {dolores} resisted twice
[10:10] {thomcbell} long setup lvs - 43.97 break if holding 43.87
[10:10] {dino} gotta hop for hour
[10:11] {Threei}  we will be here dino
[10:16] {Threei} Short Setup: FCX  .20 break
[10:17] {Threei}  If holds  .30
[10:22] {dolores} out VLO
[10:22] {Threei}  no worky VLO
[10:24] {thomcbell} lvs target is 1:3
[10:24] {thomcbell} 1:1
[10:25] {dolores} VLO tricky one
[10:26] {thomcbell} by the book we are out lvs
[10:29] {RonS} ...secondary:  $KORS Insiders Look to Dump 23mn Shares
[10:33] {Threei}  let's trail FCX to .26
[10:34] {thomcbell} lvs - i am looking to re-engage long here
[10:34] {thomcbell} no setup yet
[10:36] {nemo} gmcr wow
[10:43] {Threei} Short Setup: LKX  .65 break
[10:43] {Threei}  If holds  .70
[10:43] {Threei}  aggressive entry for .60 break, inverse C&H
[10:43] {nemo} what stock
[10:43] {Threei}  LXK
[10:45] {thomcbell} now fcx getting interesting on 40.13 break short
[10:46] {Threei}  rinsed our short
[10:46] {Threei}  dirty rotten scoundrel
[10:46] {thomcbell} the money pouring into this stock is mind boggling
[10:47] {ese} outta here all.........if your wondering if i'm doing anything I am.......just not doing the type of trading we do on this board........took a long position in JPM a week and a bit back at 37.89.....really too busy for me at the start of the school year to do anything else almost....anyway have a great rest of the day...cya tomorrow
[10:48] {Threei}  take care ese
[10:49] {ese} cya vad
[10:49] {dolores} VAD when you mean aggressive you mean you will add heavy?
[10:50] {dolores} I am not sure I get that aggressive play
[10:51] {Threei}
[10:52] {dolores} ok
[10:52] {dolores}  so at .65 means we get in before the break of .60
[10:53] {dolores} if we do not like the trade we can get out with less loss?
[10:53] {Threei}  correct
[10:53] {dolores} ok
[10:53] {dolores} so everyone is expecting the .60 to go short
[10:54] {dolores} and we only have 5 or 6 cents loss
[10:54] {dolores} if goes to .70
[10:54] {Threei}  yup
[10:54] {Threei}  that's the idea of aggressive entries
[10:55] {Threei}  frikin FCX
[10:55] {Threei}  in a way, self-inflicted wound... should have left stop at original place
[10:56] {dolores} LXK invalidated?
[10:56] {Threei}  yes
[11:06] {Threei}  - Investors are proceeding with caution this morning after last week's run up. With little economic data or equity news on the wires, markets are focused on the FOMC decision and the German Constitutional court rulings due later this week. There are also some concerns about the weak August China import data - the first contraction since January
[11:15] {dolores} LVS? at 44.20?
[11:16] {Threei}  I guess
[11:16] {Threei} Short Setup: AAP  70 break hl
[11:16] {Threei}  If holds  .10
[11:21] {dino} .
[11:22] {dolores} too fast for me
[11:22] {dolores} AAP
[11:22] {scottie} wow
[11:22] {Threei}  yeah, 1:1 ina blink of eye
[11:23] {scottie} great setup, too many people waiting at the gate
[11:23] {Will49} isn't that a "thin" stock for us?
[11:23] {Threei}  hence half lot
[11:24] {Will49} ahhh
[11:24] {dolores} trade off with that move?
[11:25] {Threei}  yes, dipped below 1:1
[11:28] {thomcbell} duh fcx
[11:29] {dolores} and CLF below 41 now
[11:29] {dolores} last I  covered 42
[11:40] {dino} pxp sm l .90 stop lod
[11:44] {dolores} TITN keeps tanking
[11:45] {dptl} apol .20 long if holds .10?
[11:47] {Threei}  no
[11:47] {dptl} ye invalidated
[11:49] {Threei}  break of 29 as short, maybe
[11:49] {Threei}  but keep size smallish
[11:52] {Threei}  invalidated too
[11:52] {dptl} .20 may be again
[11:58] {Threei}  we are back to midday quiet but it feels a very different kind of quiet
[11:58] {Threei}  in August it was just boredom of nothing to do
[11:58] {Threei}  today it's a quietness of "I am scared to move" kind
[11:59] {Threei} Short Setup: APOL  29 break hl
[11:59] {Threei}  If holds  .10
[12:06] {Threei}  nah
[12:10] {dino} pxp stop
[12:12] {dolores} APOL you were right
[12:15] {dino} rkt sm l .25
[12:20] {dolores} missed that PXP could not fill too fast
[12:23] {Threei}  President Obama leads his Republican challenger Mitt Romney in terms of voter trust on a number of other key issues including Afghanistan, education and Social Security. The partisan divide is predictable, but the president has a clear advantage among unaffiliated voters.
[12:23] {Threei}  48% Trust Romney More on Economy; 44% Trust Obama More
[12:25] {Threei}  (EU) EU is said to expect to outline its first concrete measures to recapitalize Spain in October - financial press- Troika mission to Portugal will likely end this week. - Italy not specifically on the agenda for next round of Eurogroup talks. - Not yet known whether the decision on Greece aid will come in October; Troika report unlikely to be complete before early Oct (Note: prior reports indicated discussions were previously expected to last into October). - Expect ESM to be operational in Oct.
[12:53] {Threei} Long Setup:  MOS  .30 break hl
[12:54] {Threei}  If holds  .20
[12:54] {Threei}  target .45
[13:12] {nemo} iwm quietly creepint to new highs
[13:13] {Threei}  half out
[13:14] {Threei}  stop to .29
[13:20] {scottie} out mos in full .37 +.06 ty Vad
[13:21] {Threei}  yw
[13:24] {nemo} mmmhh watch NOV for pull back short
[13:24] {nemo} or retrace short
[13:24] {nemo} or test resistance short
[13:24] {nemo} feels like August volume
[13:30] {nemo} volume coming in in nov
[13:30] {dino}  `abmd sm l .45
[13:31] {nemo} IWM could go for that spring high, but r1 on the daily is also the Quarterly R1 at .50
[13:38] {nemo} "The box office will rebound next weekend," said editor Phil Contrino, citing the 3-D re-release of Finding Nemo
[13:39] {Will49} i"ve never found myself
[13:39] {Will49} you are lucky
[13:40] {nemo} me neither, it's kinda' the inside joke of "nemo"
[13:43] {Threei}  hmmm
[13:43] {Threei}  no news for selloff
[13:46] {dino} have to say, august trading was better than sept for me so far
[13:47] {dino} not getting my capts/euphoric set-ups
[13:49] {nemo} you won't until the Karlsruhe Cardinals speak
[13:50] {dino} when is that, thursday?
[13:50] {nemo} 12th
[13:50] {dino} ahh germany
[13:51] {nemo} I love trading system links directly to Freestockcharts now
[13:52] {RonS} good to know again Al...
[13:53] {RonS} as in told us that last week...
[13:53] {nemo} ?
[13:53] {RonS} :D
[13:53] {nemo} yeah I know
[13:53] {nemo} Knowing your age, just in case you forgot
[13:54] {nemo} kinda' scary, we have similar senses of humor
[13:54] {Threei}  "We remember in great details whatever happened to us. We forget how many times we told the same people about it"
[13:54] {nemo} have you sought professional help Ron?
[13:56] {dptl} jcp.72 long?
[13:58] {Threei}  nah
[14:01] {Threei} Short Setup: LVS  .80 break
[14:03] {Threei}  If holds  .90
[14:09] {Will49} this still good?
[14:09] {Threei}  ?
[14:09] {Threei}  why not?
[14:09] {Will49} ?
[14:10] {Threei}  you lost me
[14:10] {Will49} bunch of prints under .80
[14:10] {Threei}  who is asking who what
[14:10] {nemo} It triggered and has not hit its stop therefore it is still valid and has not hit the "no worky" level
[14:10] {Will49} Ok
[14:10] {Threei}  those prints happened when trade has triggeredc
[14:11] {Threei}  bounce hasn't reached stop level, and so far occurs with lower volume
[14:11] {Will49} tks
[14:11] {Threei}  reversed off upper envelope of descending channel too
[14:12] {dolores} sorry was out are you in LVS now?
[14:12] {Threei}  yes
[14:13] {nemo} spy looks like a pop coming
[14:15] {Threei}  my feel is, smackdown is more likely, even though chart indicates what you say
[14:16] {nemo} vwap run
[14:17] {dolores} stop at .91 right
[14:17] {dolores} ?
[14:17] {Threei}  yes
[14:22] {Threei}  a few more rinses today than I like
[14:28] {dino} ugaz spike
[14:30] {dino} dgaz sm l .60
[14:34] {dino} stopeed
[14:34] {dino} stopped
[14:36] {dino} re-load .08
[14:42] {Threei}  here comes my smackdown
[14:43] {dolores} CLF almost 2 points down
[14:43] {dolores} close to yesterdays close
[14:51] {Threei}  GERN made a lot of holders from last weeks run unhappy this morning
[14:51] {dolores} APOL at lows
[14:51] {Threei}  volume is back under normal today
[14:52] {nemo} iwm at pivot
[14:52] {nemo} daily
[14:56] {nemo} vad email
[14:58] {nemo} Sooooo.....
[14:58] {nemo} Did I tell you Freestockcharts links up with my trading platform?
[14:59] {nemo} nothing like being bored with a hangover
[14:59] {Threei}  anyone has a spare grenade launcher?
[14:59] {Will49} what's your name again?
[14:59] {dino} falling asleep here
[14:59] {nemo} Will...look up what "nemo" means.
[15:00] {Threei}  (US) JULY CONSUMER CREDIT: -$3.27B V $9.55BE
[15:00] {dptl} lost fish?
[15:00] {Will49} Who said I look up to you? nemo
[15:00] {dino} wow consumer credit plunge
[15:01] {Threei}  1. Lost fish. 2. Mad captain of a submarine 3. Anvient Greek heor
[15:01] {dolores} thats a lot
[15:01] {dolores} consumer not buying?
[15:01] {Threei}  hard to tell dolores, this number can be interpreted in many ways
[15:02] {Threei}  not enough information to judge its meaning
[15:02] {dolores} ok
[15:02] {Threei}  could be consumer activity down, or banks not lending, or consumer uses more cash
[15:02] {Will49} you can be sure everybody will spin it their way
[15:05] {Will49} everybody=politicians and economists
[15:06] {dptl} fslr 21 short?
[15:10] {Threei}  I doubt it
[15:10] {Threei}  SPY makes new lows, FSLR holds its low depsite being generally weak and forming nicely looking DBI
[15:11] {Threei}  this kind tend to shoot up and tag your stop as soon as market makes slightest bounce
[15:11] {Threei}  and we got unusually high % of rinses today, so I would stay away from laggers like this
[15:12] {dptl} ok
[15:12] {dolores} CLF at yesterdays close
[15:12] {dolores} any buy ?
[15:13] {Threei}  watching, this one should give tradeable bounce soon
[15:13] {dolores} any special news or jsut profit taking?
[15:14] {dolores} FCX holding better
[15:14] {Threei}  no news
[15:15] {dolores} tanking too  much
[15:15] {dolores} for no news
[15:17] {Threei} Long Setup:  CLF  . 55 break hl
[15:17] {Threei}  If holds  .50
[15:17] {dolores} dont like that FCX is holding
[15:18] {Threei}  change to .45 break
[15:18] {Threei}  If holds  .40
[15:18] {dino} skul drop
[15:19] {Threei}  valid
[15:19] {Threei}  stop .38
[15:19] {Threei}  target .70
[15:19] {Threei}  first out
[15:20] {Threei} Long Setup:  TNA  .30 break
[15:21] {Threei}  hl
[15:21] {Threei}  stop under .20
[15:24] {Threei}  1:1
[15:27] {Threei}  scalpers win CLF
[15:28] {dolores} will rinse us again?
[15:29] {Threei}  could be, but with half profit secured I am not taking a risk
[15:29] {Threei}  this day can easily turn into one non-stop selloff
[15:30] {dolores} YS
[15:30] {dolores} yes
[15:30] {dolores} if market sells off this thing will follow
[15:31] {dptl} gn all see ya tomorrow
[15:32] {Threei}  take care dp
[15:32] {Will49} bye dp
[15:32] {dptl} :)
[15:33] {Threei}  positive day but I don't feel satisfied
[15:33] {Threei}  let's see if we can find one last play
[15:33] {Will49} like kissin' your sister
[15:39] {dolores} FCX short?
[15:39] {dolores} held for the time being
[15:43] {Threei} Short Setup: LVS  .35
[15:44] {Threei}  snage to .40 break
[15:44] {Threei}  change
[15:44] {Threei}  If holds  .45
[15:46] {Threei}  stop is tight enough not to ruin the day
[15:52] {Threei}  time's running out LVS, die faster
[15:52] {Threei}  loss of .35 should give us quick dive for a nice finishing scalp
[15:53] {Threei}  oh well
[15:54] {Threei}  thank you all, have a good evening
[15:54] {Threei}  see you tomorrow
[15:55] {dolores} thxs VAD see you tomorrow
[15:56] {scottie} gn all