Thursday, January 17, 2013

Jan 17 2013

The pleasure of a 100% day... 8 trades, 8 wins, most of them 1:2-ers. Adjusting to the market... again. Go through the calls and put entries and exits on the chart to see how they worked. One of note was HLF long, with nicely nailed reversal. The rest was of garden variety (FB, CAT and whatnot)


Session Time: Thu Jan 17 00:00:00 2013
[08:53] {nemo} call Dino tell him to go back to bed
01[08:58] {Threei}  ok... why the happiness
[08:58] {nemo} jobs report and housing
[08:58] {nemo} or unemployment report actually
[08:58] {nemo} finviz front page has the stuff listed
01[08:59] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 335K V 368KE (lowest since Jan 2008); CONTINUING CLAIMS: 3.214M V 3.150ME- 4-week avg claims: 359.25K v 366Kprior - Prior Initial Jobless Claims revised higher from 371K to 372K - Prior Continuing Claims revised higher from 3.109M to 3.127M **Note: the 37K m/m drop in the Jobless Claims headline is the biggest drop since Feb 2010
[09:01] {nemo} they'l have to break the 2012 high that's 148.11
[09:04] {nemo} spy stop hunt, now we should go back up
[09:05] {nemo} and I thought regs said BBBO only, how do they do that (wink, wink)
[09:06] {nemo} go back to bed dino
[09:07] {dino} gm
01[09:07] {Threei}  dino :)
[09:11] {nemo} can I change my prediction?
[09:12] {cipher} gm
01[09:12] {Threei}  cipher :)
[09:12] {nemo} you sure cipher?
01[09:12] {Threei}  prediction about what nemo?
[09:12] {nemo} stop hunt...anyway
[09:13] {nemo} I've created a monster out of bunny
[09:13] {nemo} I've got these treats for her...she frickin' hounds me all night while I'm trying to sleep
[09:14] {nemo} frickin' whiskers rubbing up against my face...hear that little nose sniffin'...hoppin' back and forth over me...sheesh
[09:14] {dino} lol
[09:21] {ese} finally.....
01[09:22] {Threei}  ese :)
[09:22] {ese} can't wait til the end of next week
[09:22] {ese} schedule change for me
[09:23] {ese} well hows it goin.........everyone filthy stinking rich yet?
01[09:23] {Threei}  except nemo's bunny
[09:23] {ese} lol
01[09:23] {Threei}  she is too busy hoppin' back and forth over him
[09:23] {ese} huh
[09:24] {ese} what nemo been up to
[09:24] {ese} odd behavior for an educated man
[09:25] {nemo} ?
[09:25] {ese} having bunny rabbits jumping all over you
[09:26] {nemo} 1 bunny rabbit
[09:26] {nemo} it has no idea how good a life it has.  How many bunnys you see stretched out relaxing out in the wild?
[09:26] {ese} lol
[09:27] {ese} welllllllll.............ahhhhhhhhh
[09:27] {ese} can't think of one off hand
01[09:27] {Threei}  that's because eagles see them first
[09:28] {jdetente} gm all
01[09:28] {Threei}  jd :)
[09:28] {ese} jd
[09:28] {ese} wellcome to the board
[09:29] {jdetente} thanks!
[09:29] {jdetente} glad to be here. great community
[09:30] {nemo} don't get out much, do ya' pal?
[09:30] {ese} definitely...........thats what i like about it
[09:30] {jdetente} lol
01[09:30] {Threei}  lol
[09:30] {ese} not to mention the free food at vads house
01[09:31] {Threei}  free?? that's only because you forget the pay the bill at the exit every time!
01[09:31] {Threei} Short Setup: FB  .30 break hl
01[09:31] {Threei}  If holds  .35
01[09:31] {Threei}  change to ,35 break
01[09:32] {Threei}  If holds  .40
01[09:32] {Threei}  target 1:2
[09:33] {dptl} gm
01[09:33] {Threei}  dp :)
01[09:34] {Threei}  1:1
01[09:35] {Threei}  1:2 close enough, out
[09:35] {dino} cbs
01[09:39] {Threei} Short Setup: C  .10 break
01[09:39] {Threei}  If holds  .20
[09:39] {dino} cbs hl s .92
[09:39] {cipher} UNXL l.66
[09:42] {dino} cbs stop -.20
[09:42] {dino} rinsed
[09:46] {cipher} ibb  l .59
[09:48] {thomcbell} aig good relative strength amid weak financials
01[09:49] {Threei} Long Setup:  HLF  .90 break sm sh
01[09:49] {Threei}  If holds  .80
01[09:50] {Threei}  target 43.30
01[09:50] {Threei}  1:2.5
01[09:51] {Threei}  dino/cipher territory
01[09:52] {Threei}  out .28
[09:52] {dino} gj
01[09:53] {Threei}  ty
[09:53] {cipher} out ibb .80 +.21
[09:57] {cipher} out unxl .00 +.35
[09:58] {cc_8} Among companies with shares expected to actively trade in Thursday’s session are Citigroup Inc. (C), Herbalife Ltd. (HLF) and CBS Corp. (CBS).
[09:59] {cc_8} Overnight action: Rio Tinto CEO steps down; Nokia cuts more jobs; China begins to lose edge as world’s factory floor
[09:59] {cipher} soda l .12
[09:59] {cc_8} Earnings: Bank of America, BB&T, BlackRock, Briggs & Stratton, Capital One, Citigroup, Fifth Third, Huntington Bancshares, Intel, PNC Financial, UnitedHealth
01[10:00] {Threei}  *(US) JAN PHILADELPHIA FED: -5.8 V 6.0EComponents: - Prices Paid: 14.7 v 27.8 prior - New Orders: -4.3 v +10.7 prior }- Employment: -5.2 v +3.6 prior
01[10:01] {Threei} Long Setup:  AIG  .65 break
01[10:02] {Threei}  If holds  .55
[10:03] {cipher} out soda .61 +.49
[10:03] {dino} gj
[10:03] {cipher} ty
[10:06] {dptl} len .40 long?
01[10:07] {Threei}  hl
[10:07] {thomcbell} darn good entry on hlf - perfect combo of capit plus vad setup
01[10:07] {Threei}  ty
[10:07] {goryl} u taking it vad?
01[10:07] {Threei}  I have my moments
01[10:07] {Threei}  LEN? yeah, if holds above .30
[10:08] {jdetente} look at HLF go
01[10:10] {Threei}  1:1
[10:12] {cipher} hlf l .37
[10:12] {cipher} out .49
[10:12] {cipher} unxl l. 95
[10:14] {nemo} ese, just sent you an email
[10:14] {cipher} HLF L .24
[10:14] {nemo} fdx at support
[10:14] {cipher} OUT HLF .46
[10:15] {dptl} mro .80 long?
[10:15] {goryl} Vad, ty ty ty and ty for 4 staight wins:)
01[10:15] {Threei}  1:2, out
01[10:15] {Threei}  you are very welcome :)
[10:15] {cipher} out UNXL .24 +.29
01[10:16] {Threei}  MRO, hl
[10:16] {ese} L swks .71
01[10:16] {Threei}  chart's good but it can shake out easily
[10:17] {dptl} out len .68
01[10:17] {Threei}  wtg
01[10:17] {Threei}  and nemo wanted us to go home
[10:17] {nemo} no...dino
01[10:17] {Threei}  gap up and all that
[10:20] {cipher} HLF S .79
[10:20] {cipher} cov .64
[10:22] {cipher} HLF L.29
[10:23] {nemo} vrsn looks short but RR not good
[10:23] {cipher} out hlf .45
[10:24] {cipher} I think I'm done with HLF
[10:24] {cipher} don't like the company anyway
01[10:24] {Threei}  "don't like"? If I had any emotions about companies, this one I'd passionately hate
[10:25] {cipher} :)
[10:25] {nemo} I think about HLF the way I think about Scientology
[10:25] {nemo} and ese
01[10:25] {Threei}  I don't like those selling crap, and I don't like multilevel marketing - and this one does both!
[10:26] {dino} what are you trying to say?
[10:26] {nemo} he always dances around things..
[10:26] {nemo} mealy mouth
[10:26] {nemo} wishy washy
01[10:27] {Threei}  sugarcoating, as always :)
[10:27] {nemo} you must be one of those lefty liberals
01[10:28] {Threei}  1:1 MRO
[10:28] {dptl} no fill
[10:29] {dptl} now it is :)
01[10:30] {Threei}  I just might be... seeing a tree, I usually hug it...
01[10:30] {Threei}  some meanies said it's an attempt tpo maintain balance while drunk
01[10:30] {Threei}  but they are just that... meanies
[10:34] {dino} dci hl s .50
01[10:34] {Threei}  1:2 close enough, out
[10:35] {dino} ntct hl l .34
[10:38] {cipher} DECK L .02
[10:39] {cipher} out deck .17
[10:44] {thomcbell} looking for a long setup on fcx near 34 - gap fill and prior resistance becoming support
[10:51] {dptl} jcp  short?
01[10:52] {Threei}  .65 break... yeah
[10:55] {dino} nctc stop -.28
[11:00] {thomcbell} i gotta a run for the day guys
[11:00] {thomcbell} trade well
01[11:01] {Threei}  take care tbell
[11:03] {cipher} hlf l .10
[11:03] {cipher} out .24
[11:03] {cipher} done for the day
01[11:03] {Threei}  lol
01[11:04] {Threei}  have fun cipher
01[11:11] {Threei}  covered JCP yet?
[11:11] {dptl} half yes .57
01[11:11] {Threei}  :)
[11:13] {dptl} out
[11:15] {dptl} clf .45 long?
01[11:16] {Threei}  nah
01[11:16] {Threei}  breakouts... lunchtime...
01[11:17] {Threei}  want a slap by nemo?
[11:17] {dptl} no no :)
01[11:17] {Threei}  nemo is bitterly didappointed
[11:25] {dptl} cam long?
01[11:27] {Threei}  .75 break, yeah, but keep it hl
01[11:27] {Threei}  with stop under .65
[11:28] {dptl} ok
[11:29] {dptl} mro .95 l ?
01[11:31] {Threei}  cam't tell
01[11:35] {Threei}  1:1 CAM
01[11:36] {Threei}  that's what, 7 for 7? let's go home
[11:36] {jdetente} great trading today!
[11:37] {jdetente} my only regret is that I missed that HLF call :(
01[11:38] {Threei}  volatile stocks like that can be tough to execute...
[11:40] {dptl} under .80 for balance for me cam
[11:59] {jdetente} JCP continues to wind it's way down
[12:08] {dptl} clf .35 long?
[12:08] {dptl} no
[12:09] {nemo} vwap at .18
[12:09] {dptl} ye
[12:10] {dptl} deck .60 long ?
[12:12] {nemo} no opinion
[12:12] {nemo} market weakening
[12:30] {dptl} big .55 short?
01[12:31] {Threei}  nah, no volume
[12:32] {dptl} k
[12:35] {dptl} jcp looking for long entry now
[12:36] {dptl} may be .20 break with stop under .10?
01[12:36] {Threei}  look at level 2 and T&S
01[12:37] {Threei}  does it look to you like actively trading stock?
01[12:37] {Threei}  or jellyfish hanging from a flagpole with no wind?
[12:39] {dptl} ye.....somewhat
[13:14] {dptl} ges .90 short?
01[13:19] {Threei}  can't tell, too slow
[13:19] {dptl} k
[13:30] {dptl} seems to me like it gets slower and slower every day....is market waiting for something?
01[13:30] {Threei}  debt ceiling battle
[13:30] {dptl} oh..ok
[13:46] {dino} i agree dp
[13:50] {dptl} got fast .88 long just 100 sh
[13:53] {dptl} out .17
[13:54] {dptl} free bottle of stoly :)
[13:54] {dino} lol
[13:54] {dptl} :)
[13:55] {dptl} too soon could of have two bottles :)
01[13:56] {Threei}  holy mackerel
01[13:56] {Threei}  http://fstoppers.com/new-5d-mark-iii-box-arrives-full-laminate-flooring-no-camera
[14:03] {nemo} animal spirits today
[14:20] {dino} ntct hl l .50
[14:30] {dptl} big spike
[14:31] {dptl} for you Dino to take a look :)
[14:32] {dino} hmm
01[14:33] {Threei}  LVS dump
[14:34] {dino} big hl s .99
[14:40] {dino} \thx dp. cov big .19, +.80
[14:40] {dptl} :) yw...amazing
01[14:41] {Threei}  LVS 30 cents bounce
[14:48] {dino} big going up again
01[14:52] {Threei} Short Setup: CAT  .90 break
01[14:52] {Threei}  If holds  96
[15:00] {dino} yen drop, fxy
01[15:21] {Threei}  1:1
01[15:22] {Threei}  8 for frikin 8
[15:24] {dptl} half out cat ty
[15:28] {dino} out ntct .62, +.12
[15:29] {dino} gotta hop. thx all & gn
01[15:32] {Threei}  take care dino
[15:38] {dptl} that"ll do it ..out cat .71 ty
[15:38] {dptl} gn see ya tomorrow all
01[15:39] {Threei}  take care dp
01[15:39] {Threei}  let's finish on this guys, 100% day
01[15:39] {Threei}  have a good evening, see you tomorrow
[15:40] {dptl} yep 100%
[15:40] {nemo} yippeee yappeee yahoooieeeee
[15:40] {nemo} oh shit....flashbacks
06[15:40] * dptl slaps nemo around a bit with a large trout
[15:45] {jdetente} have a good day everyone. great trades