Wednesday, January 9, 2013

Jan 09 2013

This was one interesting day. Started with 4 invalidated trades and  5 (!) small stops in a row, all well controlled and nothing more but papercuts but man - a few too many, right? Well, then it all got fixed by 4 wins in a row, two of which were 1:2ers and one - 1:3. Goes to show - just trade your system and let the odds work their magic.

Session Time: Wed Jan 09 00:00:00 2013
[08:59] {goryl} gm
01[09:03] {Threei}  morning goryl
[09:04] {thomcbell} FBVaddy
01[09:04] {Threei}  hmmm... never heard of that stock
01[09:05] {Threei}  is it FBI spinoff?
[09:12] {scottie} good morning
01[09:13] {Threei}  scottie :)
[09:15] {cc_8} MARKET SNAP: At 6:00 a.m. ET, S&P 500 futures up 0.1%. Treasury yields higher. Nymex crude up $0.09 at $93.24; gold up 0.2% at $1,662.72. In Europe, FTSE 100 up 0.3%, DAX up 0.1% and CAC 40 up 0.2%. In Asia, Nikkei 225 up 0.7% and Hang Seng up 0.5%.
[09:15] {cc_8} Overnight action:  China set to reject HSBC’s Ping An sale; Armstrong to address scandal on Oprah; Sony sets sights on smartphone market.
[09:16] {cc_8} Watch for: MBA weekly mortgage applications survey (7:30 a.m. Eastern Time). EIA weekly petroleum status update (10:30). U.S. Treasury 10-year note auction (1:00). Constellation Brands, Helen of Troy and Ruby Tuesday are among companies reporting quarterly results.
[09:16] {cc_8} Daily Fact: On this day six years ago, Apple Inc.’s founder and visionary Steve Jobs first unveiled the iPhone.
01[09:17] {Threei}  Armstrong to address scandal on Oprah {--- I'd say that's the most important piece of the day
[09:22] {cc_8} they must've mentioned it for a reason lol
01[09:22] {Threei}  :)
[09:25] {cipher} gm
01[09:25] {Threei}  cipher :)
[09:32] {dptl} good morning
01[09:32] {Threei}  dp :)
01[09:33] {Threei}  Facebook To hold press event on Jan 15th, 10AM PST; Only saying "Come and see what we're building" - financial press- Expected to be on the longer side with lunch being served
[09:34] {dino} bud drop
01[09:34] {Threei} Short Setup: C  .75 break
01[09:35] {Threei}  If holds  .80 
01[09:36] {Threei} Short Setup: SLW  .30 break hl
01[09:37] {Threei}  both invalidated
[09:37] {dino} bud hl l .60
01[09:37] {Threei} Long Setup:  FCX  .25 break hl
01[09:39] {Threei}  wow FB
[09:40] {nemo} slw on the daily looks like 37 look for pullback long
[09:40] {goryl} fcx still valid?
01[09:40] {Threei}  yes, held .15
[09:41] {goryl} k
01[09:41] {Threei}  nemo, 37?
01[09:41] {Threei}  or .37?
[09:41] {nemo} yeah 37, so I think it's likely going north today...won't get all of it for sure but, I think it'll go long
01[09:42] {Threei}  I am lost
[09:42] {dptl} wlp .60 short? 
01[09:42] {Threei}  SLW 35.58
[09:42] {nemo} might set up a nice range here
01[09:42] {Threei}  WLP, yes
01[09:42] {Threei}  if consolidates closer
[09:43] {goryl} u taking wlp vad?
01[09:44] {Threei}  only if it spends at least 2-3 min under .10 before breaking
01[09:44] {Threei}  Invalidated  FCX 
[09:45] {ese} just popping in to say a quick hello
[09:46] {dptl} len .30 short?
01[09:46] {Threei}  hey ese
[09:46] {ese} am doing a clinic today up the island
[09:46] {scottie} ese
01[09:46] {Threei}  clinic?
01[09:46] {Threei}  asre you branching out in medical care?
[09:46] {nemo} drumming
[09:46] {ese} am still L clmt .27 from yesterday and am up money am gonna let it ride for the day
01[09:47] {Threei}  LEN, yes
01[09:47] {Threei}  hl
[09:47] {ese} no.........teaching a couple of high schools how to run a program like i've got
[09:47] {dptl} .36 stop
[09:47] {goryl} u taking len vad?
01[09:47] {Threei}  yes, hal lot
[09:47] {goryl} k
01[09:48] {Threei}  OK, WLP
01[09:48] {Threei}  valid
01[09:48] {Threei}  and yes, stop .36 for LEN
[09:48] {ese} cc_8 got real busy yesterday and couldn't get to you..............probably will not happen today but will try to call tomorrow
[09:48] {goryl} hl on wlp?
[09:48] {cc_8} ok np
01[09:48] {Threei}  oh yes
[09:48] {ese} have a bunch of questions for you
01[09:49] {Threei}  this thing can be jumpy
[09:49] {cc_8} sure, im available anytime
[09:49] {cc_8} you can always dcc me too
[09:49] {cc_8} in case you want to multitask
[09:49] {ese} tks
[09:49] {cc_8} Among the companies with shares expected to trade actively in Wednesday’s session are Clearwire Corp. (CLWR), Apollo Group Inc. (APOL) and Seagate Technology Inc. (STX).
[09:49] {thomcbell} lvs looking for a short setup for a trade 
01[09:49] {Threei}  for ese multitasking means hitting 16 drums at the same time
[09:49] {ese} cya all
01[09:49] {Threei}  drive safe ese
[09:50] {ese} i can do that.............VERY easily
[09:50] {thomcbell} 53 break if holding 53.14 
01[09:50] {Threei}  M{alahat is treacherous right now
[09:50] {ese} tks cya vad
01[09:50] {Threei}  WLP invalidated
01[09:50] {Threei}  this is 4th setup invalidated this morning
01[09:50] {Threei}  wow
01[09:51] {Threei} Short Setup: STT  .60 break hl
01[09:52] {Threei}  If holds  .65 
[09:52] {thomcbell} lvs invalidated 
01[09:53] {Threei}  word of the day so far
[09:55] {thomcbell} that C chart just doesnt quit on the daily 
[09:56] {dino} mg
01[09:56] {Threei}  lose that .25 finally, LEN
[09:57] {thomcbell} fb 29.91 break if holding 29.78 half lot due to proximity of big round number
[09:57] {thomcbell} massive round number in this case 
[09:58] {dino} mg hl l .76
01[09:58] {Threei}  no go
[09:58] {dptl} stoped len
01[09:59] {Threei} Long Setup:  FB  .90 break
01[09:59] {Threei}  no go STT
[10:00] {thomcbell} mgm 13.15 break if holding 13.10 - aggressive 
[10:00] {dptl} fb stop .79?
01[10:01] {Threei}  yeah, standard
[10:02] {thomcbell} mgm invalid still watching it for a long entry 
01[10:03] {Threei}  what's with prints away from market
01[10:04] {Threei}  on both sides
01[10:04] {Threei}  .96 earlier, .78 now
[10:05] {dino} nus spike
[10:06] {dino} usna spike
01[10:11] {Threei}  FB target 1:3
01[10:12] {Threei}  maybe more but that we will decide if it gets over 1:2
[10:12] {dptl} trades wierd
[10:13] {thomcbell} i think 30 was a technical target for a lot of people 
01[10:13] {Threei}  you spend days in the same room with nemo, and you are not comfortable with wierd?
[10:14] {nemo} ?
[10:14] {nemo} eccentric
01[10:14] {Threei}  oh... sorry
01[10:14] {Threei}  this is very true tbell
[10:14] {thomcbell} it was mine for about the last month 
01[10:14] {Threei}  but seeling how stubbornly it trues to peck at it, I think it wants to break and run
[10:15] {thomcbell} it seems that way 
01[10:15] {Threei}  and with this vague promise of something eartshaking on Jan 15, dreamers start drooling again
[10:15] {thomcbell} mgm 13.10 break if holding 13.05 
01[10:17] {Threei}  btw nemo, thanks. Now I know why spellcheckers always went crazy when I typed "excsentrik"
[10:17] {thomcbell} lvs a thing of beauty today 
01[10:17] {Threei}  and one of them called me "stoopeed" and quit working
01[10:17] {Threei} Short Setup: SLW  .10
[10:18] {thomcbell} i like the pattern vad - but i think these things are untradeable right now 
01[10:19] {Threei}  you talking FB or SLW?
[10:19] {thomcbell} slw 
[10:19] {thomcbell} and gdx 
01[10:20] {Threei}  well, thing remains near the low while SPY makes new highs
01[10:20] {Threei}  prime candidate for short when SPY pulls back or reverses
[10:20] {thomcbell} totally agree 
[10:20] {thomcbell} gdx day low 
01[10:20] {Threei}  let's trail FB to .84
01[10:21] {Threei}  being 2 cents away from 1:1, time to limit risk
[10:21] {goryl} slw short list
[10:21] {dptl} not available slw
01[10:21] {Threei}  crrrap
01[10:21] {Threei}  GDX was a good candidater at .35 too
[10:24] {dptl} clf .70 sh?
[10:24] {dptl} ahh late
[10:25] {thomcbell} mgm pattern now better than before on the i min 
01[10:25] {Threei}  GM CEO says Germany could be slipping into recession
01[10:33] {Threei}  friking SLW 1:1
[10:34] {cipher} nul l .76
[10:34] {cipher} nus
01[10:35] {Threei}  well... non-availability for shorting nothwistanding, look at SLW and GDX as proof of the concept
[10:35] {dptl} stopped fb
[10:36] {cipher} stopped nus -.16
[10:37] {dptl} vlo .25 long?
01[10:38] {Threei}  no
[10:41] {thomcbell} mgm im out 
01[10:42] {Threei} Short Setup: CAT  .50 break hl
[10:53] {dino} gpor hl l .98
[10:53] {thomcbell} short setup qcom - 64.46 break if holding 64.58 
[10:54] {cipher} call l .39
01[10:55] {Threei}  oh come on FB
[10:55] {cipher} out .99 +.60
[10:55] {dptl} looks like rinsed fb
[10:56] {dino} bud stop -.30
[10:58] {cipher} call l .50
01[10:59] {Threei}  FB 1:2... ^%%$@*&%
[11:00] {cipher} out call .88 +.38
[11:00] {dptl} stoped cat.....sheeeesh
01[11:05] {Threei} Long Setup:  AIG  .85 break
[11:06] {cipher} cern l .98
[11:09] {dptl} stop .74 or .79?
01[11:09] {Threei}  .74
[11:10] {dptl} k
01[11:11] {Threei}  amazingly, FB does exactly what I thought it would
01[11:11] {Threei}  shouldn't have toghtened the stop... got impatient
01[11:12] {Threei}  1: frikin 3
[11:12] {cipher} out cern flat
[11:16] {cipher} lvnta l .60
[11:18] {dptl} gmcr .90 short?
[11:19] {cipher} out lvnta .85 +.25
01[11:19] {Threei}  hl, yes
01[11:19] {Threei}  wtf
01[11:20] {Threei}  VP Biden: President Obama is determined to take action on gun control, may use executive orders
01[11:20] {Threei}  to say things trade strange today is to understate it greatly
[11:20] {cipher} lvnta reload .75
01[11:21] {Threei}  A recent WaPo article asserted that the administration is considering a broad range of measures to reduce gun violence that would include more than a ban of assault weapons and high-capacity ammunition, universal background checks for firearm buyers, tracking the movement and sale of weapons through a national database, strengthening mental health checks, and stiffening penalties for carrying guns near schools or giving them to minors.
01[11:22] {Threei}  a lot of feel-good measures that won't solve anything
01[11:22] {Threei}  penalties for carrying guns near schools?
01[11:23] {Threei}  and ask Canada how " national database" works out
[11:23] {nemo} that's so stupid...people who are licensed are licensed for a reason...what, they think criminals are gonna' not carry where they want to
01[11:24] {Threei}  intended cost 50 mil, factual 2 bil, effectiveness - zero
[11:25] {thomcbell} lvs still very orderly on this pullback
01[11:25] {Threei}  let's keep AIG .79 now
01[11:25] {Threei}  I'll better take another papercut than sit for a full stop
01[11:26] {Threei}  out
[11:26] {dptl} out
01[11:26] {Threei}  RGR and SWHC got hit by that news
[11:28] {dptl} btu .25 short?
01[11:29] {Threei}  yes
01[11:32] {Threei}  no
[11:32] {dino} bud hl l .50
[11:33] {dptl} mcp .70 short?
01[11:33] {Threei}  yes
[11:33] {goryl} hl?
01[11:33] {Threei}  no, full
01[11:34] {Threei}  stop is .76
[11:34] {dino} gpor stop -.10
[11:34] {cipher} lvnta stopped .66 -.09
01[11:35] {Threei} Short Setup: FIO  19 break hl
01[11:35] {Threei}  If holds  .10 
01[11:35] {Threei}  heh
01[11:35] {Threei}  good luck getting that fill
[11:35] {dptl} yeah
[11:36] {goryl} still valid?
[11:36] {goryl} never mind:)
01[11:36] {Threei}  right :)
[11:37] {dptl} mcp may be good to .30...hopefuly :)
01[11:38] {Threei} Long Setup:  FDX  .65 break hl
01[11:39] {Threei}  If holds  .55 
[11:39] {nemo} bid moving up
[11:39] {nemo} weird
01[11:40] {Threei}  target 1:3
[11:40] {nemo} 97 should go 
[11:40] {nemo} that frickin' edgx bid keeps mooving up..something not right about that
[11:41] {cipher} call l .11
01[11:41] {Threei}  1:1
[11:44] {cipher} out call .38 +.27
[11:44] {cipher} done for the day
[11:44] {cipher} cya
01[11:45] {Threei}  gj
[11:45] {dino} usph gap fill, hl l .50
[11:49] {dptl} stoped mcp...well...what a day
01[11:49] {Threei}  papercuts
[11:50] {dptl} 5 stops...i have fdx still little size will keep stop under .60 will let it trade and i think i am done for today
01[11:51] {Threei}  all stops are half of usual size
01[11:51] {Threei}  don't comp[lain, when bad day comes you want it to be like this
[11:52] {dptl} i guess so
01[11:54] {Threei}  (EU) EU finance ministers are planning to make decision on financial transaction tax (Tobin Tax) at meeting on Feb 12th - financial press- 11 EU member states are said to be in favor of the tax.
01[11:54] {Threei}  clowns have spoken
01[11:57] {Threei}  my only regret of the day is that tightening of the stop on FB
[12:00] {dino} geoy spike
01[12:08] {Threei} Short Setup: UNG  .50 break
01[12:08] {Threei}  If holds  .55 
01[12:13] {Threei}  start partialling FDX, dp
[12:14] {dptl} lol..i only have 200sh nothing really to partial i'll just trail it
[12:21] {dptl} qcom .75 long may be
[12:22] {dptl} nevermind
[12:23] {dptl} ok see ya tomorrow all 
[12:24] {dino} cya
01[12:24] {Threei}  take care
01[12:28] {Threei}  snow in jearusalim
01[12:28] {Threei}  global warming my ass
01[12:38] {Threei}  half out UNG
01[12:38] {Threei}  dp... get back here
[12:47] {Will49} test
01[12:48] {Threei}  will :)
[12:48] {Will49} hi Vad
[12:48] {Will49} mibbit working fine now
01[12:48] {Threei}  :)
01[13:04] {Threei}  so... if UNG goes to 1:2, we found the root of a problem for today: it's dp
[13:04] {dino} tso hl l .08 stop .94
[13:14] {dino} wtf reverse slip tso stop .97, -.09
01[13:38] {Threei} Short Setup: HCN  .40 break
[13:39] {nemo} does the market trade anymore
01[13:47] {Threei} Long Setup:  CAT  .40 break
01[13:48] {Threei}  If holds  .30 
[13:55] {thomcbell} bac and 
[13:55] {thomcbell} C
[13:55] {thomcbell} C just nasty 
01[14:00] {Threei}  yeah GS is nowhere this weak
01[14:00] {Threei}  JPM though is
01[14:05] {Threei}  CAT 1:1
01[14:24] {Threei}  12:2
01[14:24] {Threei}  out
01[14:24] {Threei}  I am telling you, it was dp
[14:24] {nemo} you awake Vad
01[14:24] {Threei}  sure
[14:31] {dino} feels like every month brings less and less volume in afternoon
[14:35] {nemo} yeah...all this HFT volatility is making me sick
[14:35] {nemo} god  we have to regulate it
01[14:37] {Threei}  lol
01[14:37] {Threei}  market is a bit stunned by all the developments, and sudden calm
01[14:38] {Threei}  this is an eye of the hurricane though
01[14:39] {Threei}  next big excitement will be this debt ceiling deal
[14:40] {nemo} or it's 2003-2005
01[14:59] {Threei}  scratching HCN
01[14:59] {Threei} Short Setup: LVS  .65 break
01[15:02] {Threei}  1:1
01[15:03] {Threei}  1:2
01[15:04] {Threei}  let's not let dp in tomorrow
01[15:07] {Threei}  covered at 1:3
01[15:14] {Threei} Short Setup: MET  36 break
01[15:15] {Threei}  If holds  .05 
[15:15] {dino} out mg, all dayer, +.42
01[15:16] {Threei}  nice
[15:16] {dino} thing sat for hours at my exit
[15:19] {dino} out bud -.21
[15:26] {dino} gotta hop. daughters basketball game. gn all
01[15:27] {Threei}  take care dino
01[15:37] {Threei}  (US) White House: Reiterates President Obama has no intention of using the 14th amendment to increase the debt limit; there is no alternative to Congress raising the debt ceiling- Neither the president nor his aides will negotiate about the debt ceiling
01[15:37] {Threei}  huh?
01[15:37] {Threei}  that'll ber interesting
01[15:39] {Threei}  covering MET here
01[15:40] {Threei}  this fixes the day
01[15:40] {Threei}  thank you all, have a good evening, see you tomorrow