Friday, October 26, 2012

Oct 26 2012


Not big but decent day to end the week. Missed FB short today but got spectacular NFLX long. All in aall, good week.

Session Time: Fri Oct 26 00:00:00 2012
[09:03] {dino} gm
01[09:03] {Threei}  morning dino
[09:04] {scottie} good morning
01[09:05] {Threei}  scottie :)
[09:12] {robbers} gm
01[09:12] {Threei}  robbers :)
[09:17] {ese} good morning.......i'm back for another drubbing
[09:17] {Beau} good morning
01[09:18] {Threei}  ese, beau :)
[09:18] {ese} and i'm L btu at .07 at 5am
01[09:18] {Threei}  if you insist, ese... always ready to oblige:
01[09:18] {Threei}  [14:36] {Threei} Bloomberg � 10-25-12
01[09:18] {Threei}  [14:36] {Threei} Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers as sluggish U.S. growth and Europe's deepening recession lead to a persisting slump in sales.
01[09:18] {Threei}  [14:36] {Threei} North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.
01[09:18] {Threei}  [14:36] {Will49} white house will love that news NOT
01[09:18] {Threei}  [14:37] {Threei} "Companies are saying, �Let's not build up inventories, let's be lean and mean until we know until we have a better idea of what 2013 is going to look like,'" said Janna Sampson, who helps manage more than $3 billion for Oakbrook Investments in Lisle, Illinois. "There is a fear now as companies see that the economic recovery is not picking up."
01[09:19] {Threei}  {GGG}
[09:19] {ese} rotflol
01[09:19] {Threei}  :)
[09:19] {Will49} Good Morning
[09:19] {ese} will
01[09:20] {Threei}  will :)
[09:21] {ese} ese walks around house with head between knees..........
[09:21] {nemo} really...I thought it was usually somewhere else
[09:22] {nemo} ?
[09:22] {ese} ouch
[09:22] {ese} damn did i ever leave myself open on that one
[09:22] {nemo} Yeah, don't stick your chin out like that...can't help myself
[09:23] {nemo} LVS very interesting spot
01[09:24] {Threei}  let me offer you nice visual before trading starts:
01[09:25] {Threei}  http://photography.realitytrader.com/2012/10/fall-in-beacon-hill-park.html
[09:25] {nemo} I like the Monet effect
[09:26] {cipher} gm
[09:26] {ese} Beacon Hill park Vad
01[09:26] {Threei}  yup
01[09:26] {Threei}  cipher :)
[09:26] {Will49} great eye there Vad
01[09:26] {Threei}  ty
[09:26] {ese} will you live close to beacon hill don't you
[09:27] {Will49} Yes 1/2 mile or so
[09:27] {ese} ahhhhh hmmmmmm  i guess not that close
[09:27] {Will49} had to translate distance for our American brothers
[09:27] {ese} for some reason i thought you were over there
[09:28] {ese} cook street area
[09:28] {Will49} Cook st borders park
[09:29] {ese} ya pretty much ......south end
[09:29] {Will49} I live at Clover Point
[09:29] {ese} ahhhh ya that is close
[09:30] {ese} don't forget to pop in here for coffee if your ever in this area
[09:30] {Will49} tks i will
01[09:31] {Threei} Short Setup: FCX  .30 break hl
01[09:31] {Threei}  If holds  .40
01[09:32] {Threei}  1:1 but not much chance for entry
01[09:32] {Threei} Short Setup: CCL  .62
01[09:33] {Threei}  If holds  .70
01[09:35] {Threei}  trail to .66
01[09:35] {Threei}  half out
[09:35] {Les} morning
01[09:36] {Threei}  stop .62
01[09:36] {Threei}  les :)
[09:36] {Les} setup was?
01[09:36] {Threei}  .62 break
[09:37] {Les} ticker?
01[09:37] {Threei}  ccl
[09:38] {Will49} .10 scalps on both TKS Vad
01[09:38] {Threei}  :)
[09:38] {scottie} +.08 and +.06 ty
01[09:38] {Threei}  yw
[09:39] {robbers} .10 here, too, thanks.
01[09:39] {Threei}  gj guys
[09:39] {Will49} noobies rock
[09:39] {Will49} :)
[09:39] {nemo} looking like grind up day
01[09:40] {Threei} Long Setup:  LVS  .50 break hl
01[09:40] {Threei}  If holds  .40
[09:40] {scottie} too fast
01[09:40] {Threei}  1:1
[09:40] {nemo} that one could be a long ride, try to hold a piece
[09:41] {dino} mcrs hl l .60
[09:41] {ese} out btu .93 +.86
[09:41] {dino} gj
01[09:41] {Threei}  nice
[09:41] {Will49} wtg ese
[09:41] {ese} tks...........don't seem to have alot of time these days......have to make due
01[09:42] {Threei} Short Setup: RCL  .90 break hl
01[09:42] {Threei}  If holds  34
[09:42] {scottie} not in short list
01[09:42] {Threei}  yeah
01[09:43] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 47%
01[09:46] {Threei} Short Setup: MCD  .10 break
01[09:46] {Threei}  whoa
01[09:46] {Threei}  tekeported
01[09:46] {Threei}  RCL 1:1 who had it for short
[09:46] {Beau} lvs l down here ?
[09:47] {dino} out mcrs .31, +.71
01[09:47] {Threei}  feels like from under .20
01[09:47] {Threei}  wtg dino
[09:47] {scottie} gj dino
[09:47] {dino} ty
01[09:47] {Threei}  MCD is back for pickup
01[09:48] {Threei}  half lkot
01[09:48] {Threei}  stop above .20
[09:49] {robbers} I scalped RCL, thanks again
01[09:49] {Threei}  :)
01[09:49] {Threei} Short Setup: LVS  .20 break
01[09:49] {Threei}  If holds  .30
01[09:50] {Threei}  1:1
[09:51] {robbers} Scalped LVS, channeling my inner Vad.
01[09:51] {Threei}  lol
01[09:51] {Threei}  MCD 1:1
01[09:51] {Threei}  scalping friday
[09:52] {dino} clgx hl l .50 stop lod break
[09:53] {nemo} oy, might want that July gap, not sure I consider that Aug hammer as a fill
[09:53] {dino} clf wants that 35 area gap
[09:54] {Les} sweet dive lvs thx
01[09:54] {Threei}  wow, LVS had more in it
01[09:54] {Threei}  *(US) OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.6 V 83.0E
01[09:54] {Threei}  yw
01[09:55] {Threei}  this is what, 5:5? can I go home?
01[09:55] {Threei}  I have more of fall to photograph :)
[09:55] {Les} 1.5/5 for me
[09:55] {cipher} s mcrs .99
[09:56] {cipher} cov .51 +.48
[09:56] {Les} was busy preparing for snow this weekend
01[09:56] {Threei}  yikes
[09:56] {Will49} what is snow?
01[09:56] {Threei}  consolation, Les: http://photography.realitytrader.com/2012/10/fall-in-beacon-hill-park.html
[09:56] {Les} think Nemo's gonna get some too this weekend
[09:56] {dino} mcrs hl l .50 stop .23
[09:57] {nemo} no, it'll be Tuesday, and won't likely be snow
01[09:57] {Threei}  the rest is true
[09:57] {dino} 4 to 8 inches of rain
[09:58] {Les} quarter mcd .91
[09:58] {Les} stop to .00
[09:58] {robbers} Vad, one of my two minors in college was photography, then worked with a commercial photographer for a year.  Those park shots are really good work.  Nice.
01[09:59] {Threei}  thank you, value endorsement from a pro
[09:59] {Les} nice colours. went down to local park this morning for some photos. Dull by comparison to what you are photographing
[10:00] {nemo} yeah, well don't forget, you're processing the images through your brain...
[10:00] {Les} hehehe
01[10:00] {Threei}  lol
[10:00] {Les} numbers here?
01[10:00] {Threei}  nemo is in good shape today
01[10:00] {Threei}  well, since you asked: *(MX) MEXICO CENTRAL BANK LEAVES OVERNIGHT RATE UNCHANGED AT 4.50%; AS EXPECTED
01[10:02] {Threei}  this one for ese:
01[10:02] {Threei}  Friday, October 26, 2012 10:01:04 (US) Atlanta Fed Survey:Businesses expect inflation at 1.8% in 2012 vs 1.7% expectation in September- Businesses saw a deteriorationin sales and profit levels in October
[10:02] {ese} how can a guy that channels rabits be in good shape
01[10:02] {Threei}  good question
01[10:03] {Threei}  but he obviously manages somehow
01[10:03] {Threei}  Canadian embassy in Washington, DC evacuated as police investigate suspicious substance found in letter
[10:03] {nemo} define shape please...
[10:03] {ese} ya it's called dog "S..."
[10:03] {nemo} I'm not sure I see the continuity of the syllogism
[10:04] {Les} Perhaps insomnia is a divine curse for Nemo's 'gift'...
01[10:04] {Threei}  MCD 1:2
01[10:05] {Threei}  friking LVS 1:4, and I took a scalp
01[10:06] {Threei}  looked to me like dive to 1:1 and quick reversal, so I contemplated switch to long after a few min of consolidation
[10:07] {cipher} MCRS L .30
[10:07] {Les} fog over the pond is definitely one to sell. I thought you'd passed it through an oil painting filter...
[10:08] {cipher}  MCRS .79 +.49
[10:08] {cipher} too soon
[10:08] {dino} out mcrs .88, +.38
[10:09] {robbers} Took the LVS scalp on the volume dive....but am never sad to make money.
[10:09] {cipher} oops
[10:09] {cipher} still have leftover
[10:09] {cipher} out rest .94
01[10:10] {Threei}  I don't use one-click filters, les... it's a low form of post-processing for lazy ones
[10:10] {ese} classic dino
[10:10] {dino} that thing drops fast
01[10:10] {Threei}  wtg cipher
[10:10] {dino} hl l .50 mcrs
[10:11] {ese} good earnings and market makers tank the stock.......perfect
01[10:11] {Threei}  Former Italian Prime Minister Silvio Berlusconi sentenced to 4 years in jail in tax fraud trial
[10:11] {Will49} bunga bunga
[10:11] {ese} wow
[10:12] {scottie} tjx l 41 ?
[10:12] {ese} ........but he plea barganed hookers though didn't he.............so he'll be fine
01[10:12] {Threei}  hl scottie
[10:12] {cipher} s mcrs .50
[10:13] {nemo} dino long, cipher short
01[10:13] {Threei}  they hedge each other
[10:14] {robbers} battle of the titans.
[10:14] {ese} L btu .39
[10:15] {cipher} cov mcrs .44 not gonna fight it
[10:15] {cipher} +.06
[10:15] {nemo} Wow, seriously brown proboscis today there robbers
[10:15] {robbers} you notice, though, nothing for you, LOL.
01[10:16] {Threei}  hehe
[10:16] {nemo} Lack of taste
[10:16] {nemo} The subtlety and art by which I lacerate my prey is lost on you
[10:16] {cipher} sure mcrs going my way after I get out :(
[10:17] {robbers} actually, I liked the use of "proboscis".
[10:17] {robbers} oooops, more brown.
[10:17] {dino} mcrs stop -.26
[10:17] {cipher} what the hell is that, do I need to look it up in the dictionary?
[10:18] {robbers} Nose.
[10:18] {Les} bees tongue cipher
[10:18] {nemo} no, you can just type it in google
[10:18] {nemo} sheesh
[10:18] {nemo} Who actually picks up a book these days
[10:18] {Les} me
[10:18] {cipher} not me
[10:18] {cipher} google is king
[10:18] {nemo} Yeah, but you're using it as a doorstop Les
[10:19] {Les} :P
[10:19] {nemo} EXPE folks
[10:19] {dino} seems the worst thing a company can do is beat and raise, ex: clgx, mcrs
[10:19] {cipher} l expe .97
[10:19] {dino} mlnx too
[10:20] {nemo} this should be it
01[10:20] {Threei}  cipher: http://lmgtfy.com/?q=proboscis
[10:20] {nemo} that should be the shake and rebid
[10:21] {nemo} wow, that's a seller
[10:23] {cipher} out expe.90 -.07
01[10:23] {Threei} Short Setup: FCX  39 break
01[10:23] {Threei}  If holds  .10
[10:28] {Les} .20 EXPE target for drop here
[10:29] {ese} lets go btu.......got kind of a hl double bottom 1min here.....theorectically should work out
[10:30] {ese} and.....it's bucking the mrkt trend
[10:30] {dino} mcrs hl l .06
[10:30] {cipher} mcrs l .08
[10:30] {dino} lol
[10:31] {ese} smells like cool clear clean crisp dollar bills to me
[10:31] {Les} nice find nemo
01[10:31] {Threei}  scary words from president: we've come too far to turn back now
[10:31] {Les} "...so vote for me..."
01[10:32] {Threei}  meaning, if you are going down wrong path, keep going simply because you've gone too far?
[10:32] {cipher} out mcrs .95
[10:32] {ese} thats a market saying.........." an object when in motion........"
01[10:33] {Threei}  Swing State Tracking: #Romney 50%, #Obama 46%
[10:33] {nemo} MCRS looks short here
[10:34] {Les} http://tinyurl.com/9mjdmp7
[10:34] {nemo} http://www.huffingtonpost.com/2012/10/26/bladimir-barreto-jump-over-moving-car_n_2022398.html?utm_hp_ref=weird-news
01[10:34] {Threei}  if SPY loses 141, short everything in sight
[10:34] {ese} market killer for a cartoon goof.............good luck down there you guys
[10:34] {ese} cya all tomorrow
[10:34] {cipher} s mcrs .99
[10:35] {Will49} take it easy E
01[10:35] {Threei}  take care ese
[10:36] {cipher} cov mcrs .86 +.13
01[10:39] {Threei}  SPY held support
01[10:40] {Threei}  let's scratch FCX
01[10:40] {Threei}  out .03
[10:45] {cipher} aapl s.00
[10:46] {scottie} nxy l .30 ?
[10:46] {Les} blood coming?
01[10:47] {Threei}  not sure scottie
[10:47] {cipher} cov 1/2 aapl .70 +1.30
[10:48] {cipher} appl target 604
[10:48] {Les} nice catch at support C
[10:53] {cipher} cov rest AAPL 604.10
[10:53] {cipher} l aapl 604.10
01[10:53] {Threei}  les, here is good analysis about popular vs electoral college vote sotiation: http://t.co/dIIFdsyN
[10:53] {cipher} out 1/2 appl .98 +.88
[10:55] {cipher} out rest .48 +1.38
[10:55] {Will49} an apple a day
[10:55] {cipher} yep
[10:55] {cipher} very predictable stock
[10:56] {cipher} once you get to know him
[10:56] {cipher} :)
01[10:56] {Threei} Short Setup: FB  .15 break
01[10:56] {Threei}  If holds  .25
01[10:57] {Threei}  aggressive entry for .05 break
[10:59] {cipher} mcrs l.69
[11:02] {nemo} financials at the 50 day moving average
[11:03] {cipher} out mcrs .84 +.15
[11:04] {cipher} appl l .36
[11:06] {cipher} scaling out .36 +1
01[11:06] {Threei}  hard to count how many doctors cipher kept away today
[11:07] {cipher} out rest .00+1.64
01[11:09] {Threei}  no go FB
[11:11] {cipher} L AAPL .32
[11:11] {thomcbell} long small low
[11:11] {thomcbell} 31.45
[11:12] {thomcbell} using 31.40 as stop
[11:12] {thomcbell} target is 31.70 - may take all day
[11:14] {cipher} out aapl .57 +.25
[11:16] {thomcbell} now it can be 31.48 break if holding 31.40
[11:20] {thomcbell} low invalidated
[11:20] {thomcbell} will contrinue to watch it
[11:21] {scottie} That's it for me, have a nice weekend, see you all monday
[11:21] {Les} ciao scottie
[11:21] {scottie} Les
[11:21] {Will49} Good Luck scottie
[11:22] {scottie} Will
[11:22] {nemo} expe again
01[11:22] {Threei}  take care scottie
[11:24] {Les} Bin Laden film coming out just in time for elections...
[11:25] {cipher} AAPL db
[11:25] {Les} http://tinyurl.com/8tshhlt
01[11:25] {Threei}  and is being edited to emphasize president's role
[11:25] {Les} oh stop that conspiracy talk
01[11:26] {Threei}  ?
01[11:26] {Threei}  documented fact
[11:26] {Les} :) joke vad
01[11:28] {Threei}  http://goo.gl/Rccvj
[11:28] {cipher} out appl +1.70 -ish
[11:29] {Les} yeh saw it
[11:29] {Will49} must be a bushel by now
01[11:29] {Threei}  lopl
[11:29] {Les} :)
[11:31] {cipher} ok I'm outta here... have a good weekend all
[11:32] {Will49} run you gunslinger:)
01[11:32] {Threei}  take care cipher, well deserved rest
01[11:32] {Threei}  wtf with FB
[11:32] {Les} ciao cipher
01[11:32] {Threei}  ah, upgrade
[11:32] {Les} nicely timed upgrade
01[11:37] {Threei} Short Setup: GM  .30 break
01[11:37] {Threei}  If holds  .40
[11:38] {nemo} it's at the 50 day, and the 200 day is at the whole
[11:50] {thomcbell} no problems over at qcom
[11:52] {Les} tna .80 long vad?
[11:53] {nemo} I'm not seeing capitualtion volume in the spy
[11:53] {Les} yeh
01[11:53] {Threei}  not delighted by that long
[11:53] {nemo} so I don't think tna a good idea here also FAS not showing strength
[11:54] {Les} higher low SPY, but no support there. So I'll be quiet
01[11:55] {Threei}  ugh... FB .80 short got away
[12:06] {nemo} oh oh
[12:06] {Les} AAPL falling off the tree
01[12:10] {Threei}  covering half GM
01[12:11] {Threei}  stop to .31
[12:17] {Beau} vad, what are your Bollinger Bands stand dev/lmt, period?  I lost them in a computer problem.
[12:17] {nemo} 13 1.7 on 1 min
[12:17] {Beau} thanks
01[12:19] {Threei}  right
[12:22] {nemo} o.k tna here wortht the risk
[12:22] {dino} lulu hl l .86
[12:23] {nemo} this .40-60 area hugely important to spy
[12:25] {nemo} aapl area huge importance
[12:27] {dino} fio hl l .25
[12:29] {dino} fio stop is .97
[12:30] {dino} stop
[12:41] {dino} mlnx hl l ave .26
[12:42] {Les} thanks dude. 1st break was a partial. 2nd a scalp both exits .40 calling it a day
[12:42] {thomcbell} fcx looks terribl;e
01[12:42] {Threei} Short Setup: FCX  .80 break
[12:42] {nemo} everything looks terrible
[12:43] {nemo} on that note...anybody seen a picture of Les...oy
[12:43] {Les} bite me bunny boy
[12:43] {Les} bon weekend
[12:43] {nemo} wombat poker
01[12:51] {Threei}  SPY loses .50, it's all over
[12:59] {dino} out mlnx .68, +.42
01[12:59] {Threei}  chose to bounce instead
01[12:59] {Threei}  as nice as morning was, afternoon is listless
[13:10] {cc_8} Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today that the U.S. . Food and Drug Administration (FDA) approved SYNRIBO
[13:10] {cc_8} U.S. equity futures fell in early Friday trading as large companies including Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) reported earnings Thursday that missed analyst estimates.
[13:10] {cc_8} Spain's Caixabank SA reported a 42% drop in its third-quarter net profit.
[13:11] {dino} lol cc, amzn up 8+, so much for talking heads
[13:14] {thomcbell} nobody mentions margin over at amzn but 400 basis points at aapl - lord no
01[13:19] {Threei}  well, the way they operate is very simple:
01[13:19] {Threei}  1. look at the earning, miss or beat?
01[13:19] {Threei}  2. look at the price, up or down?
01[13:20] {Threei}  3. If there is an agreement between the two, use word "because"
01[13:20] {Threei}  4. If there is a divergence, use word "despite"
01[13:20] {Threei}  as in : ABCD is up because of good earnings OR ABCD is down despite good earning
01[13:20] {Threei}  see? easy
01[13:22] {Threei}  #Florida: #Romney 50%, #Obama 48%
01[13:24] {Threei}  die already FCX
[13:38] {dino} out lulu .36, +.50
[13:41] {dino} too hours but out mcrs .72, +.72
[13:41] {dino} opps, +.66
[13:52] {thomcbell} FB what a fade that was
01[13:53] {Threei}  yeah
01[13:54] {Threei}  .80 was quite clear short p[oint, just happened way too fast
[14:06] {dino} wondering if fb fills that gap below before it gets moving up
[14:43] {nemo} sheesh nflx
[14:51] {nemo} anybody want to play nflx bounce, probably here
01[14:51] {Threei}  scary thought
[14:53] {nemo} see
[14:53] {nemo} ;-)
[14:58] {dino} hmsy blood
01[14:59] {Threei}  (CA) Moody's puts six Canada banks on review for downgrade
01[14:59] {Threei}  wow
01[15:00] {Threei}  that's a first time that crisis touched Canada
[15:04] {Will49} Not a hint of this story (yet) in Canadian financial media (that I read anyway)
01[15:04] {Threei}  very fresh
[15:04] {Will49} Financial Post specifically
01[15:04] {Threei}  unless you have real time news, you won't get it this fast
[15:05] {Will49} hmmm
01[15:05] {Threei}  (CA) Moody's puts Canada banks on review for downgrade; economic challenges are not reflected fully in present ratings
01[15:05] {Threei}  - Moody's reviewing ratings of Toronto-Dominion (Aaa), CIBC (Aa2), Bank of Nova Scotia (Aa1), Bank of Montreal (Aa2), Royal Bank of Canada (Aa3), and National Bank of Canada (Aa2).
01[15:05] {Threei}  - Expects any ratings cuts will not be more than one notch.
01[15:06] {Threei}  Facebook is down
[15:07] {Will49} tks Vad, wasn't doubting you...just surprised this hasn't hit yet
01[15:07] {Threei}  actual thing I mean, not a stock
[15:10] {nemo} rally next week
01[15:14] {Threei} Long Setup:  NFLX  68 break sma
01[15:15] {Threei}  stop under .90
01[15:15] {Threei}  1:2
[15:16] {nemo} broke too fast
[15:16] {robbers} same here.
01[15:16] {Threei}  1:3
01[15:16] {Threei}  filled at .03 on pullback
01[15:16] {Threei}  1:4
[15:16] {nemo} this is good to 69
01[15:16] {Threei}  1:6, I've had enough
[15:16] {nemo} nope 69
[15:17] {nemo} then it'll turn around
[15:17] {nemo} see
[15:17] {nemo} 69 does that...turns around  ;-)
[15:17] {Will49} lol
01[15:17] {Threei}  ummm
01[15:17] {Threei}  lol
[15:17] {nemo} look at daily
[15:18] {nemo} what's so funny?
[15:18] {Will49} not touching that
[15:18] {nemo} this goes to the 80's next week more than likely
[15:19] {nemo} It at least tests that Oct. High
[15:20] {Will49} I can't watch that anywmore
[15:21] {nemo} wow exactly to resistance and a fib ext/retrace level...confluence
[15:25] {Will49} Cdn bank news just hit Finan Post
[15:25] {Will49} IMF chief hails Canada as economic model for the world
[15:26] {Will49} there, now I feel better
[15:26] {Will49} think I'll stay
01[15:26] {Threei}  I am 30 min faster than Fin post
[15:26] {Will49} I guess so
01[15:31] {Threei} Short Setup: CINF  .65 break
01[15:31] {Threei}  If holds  .70
[15:44] {Will49} suspense
01[15:51] {Threei}  let's trail to .66
01[15:53] {Threei}  shrug
01[15:54] {Threei}  saved by the bell?
01[15:56] {Threei}  ok, out .61
01[15:57] {Threei}  thank you all, have a great weekend
01[15:57] {Threei}  see you Monday
[15:57] {Will49} Have good weekend everyone