Friday, January 18, 2013

Jan 18 2013

Trading before the long weekend is often boring as no one wants to commit too much, and today was not any different. Slightly positive and very inactive.



Session Time: Fri Jan 18 00:00:00 2013
[09:03] {scottie} just dropping by to say hello
01[09:03] {Threei}  hey scottie
[09:03] {scottie} wife in hospital again, spent most of the week there
[09:03] {scottie} she's better now, I should be back monday
01[09:03] {Threei}  sorry to hear... hope she gets better
01[09:03] {Threei}  best wishes
[09:03] {scottie} have a great weekend all.
[09:03] {scottie} tks
01[09:03] {Threei}  you too
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:17] {jdetente} gm
01[09:17] {Threei}  jd :)
[09:18] {nemo} scottie...you should be back Tuesday I believe
01[09:18] {Threei}  ?
[09:18] {nemo} MLK day Monday
01[09:19] {Threei}  oh
01[09:19] {Threei}  we canucks never remember this one
[09:19] {nemo} as a rule only american people of color do to
[09:20] {nemo} interesting... you have to use those words in that order with a preposition to be PC.
[09:20] {dino} lol
[09:20] {nemo} Da Komrade?
01[09:22] {Threei}  I just saw somehting that made me think that's how nemo meditates:
01[09:22] {Threei}  When you get angry, count to ten... when you get to eight, throw a punch, nobody expects that
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:24] {nemo} cof
[09:24] {nemo} sorry
[09:24] {ese} anyone want to take my calculus 11 exam this morning
01[09:24] {Threei}  let's check my thoery... ese, do you know we have day off this Monday?
[09:24] {nemo} looking for cof to bottom 56.50 area
[09:25] {cc_8} Among companies with shares expected to trade actively in Friday’s session are Morgan Stanley MS +1.01% (MS) Sony Corp. 6758.TO +12.21% (SNE, 6758.TO) and Intel Corp.'s INTC +2.51% (INTC).
[09:25] {cipher} gm
[09:25] {ese} no.......am too busy organizing 3 tours....2 to europe and one to Memphis to think about other schedules
[09:25] {nemo} damn had alert in at .60 and it bounce there
01[09:25] {Threei}  see? no canuck has the slightest idea
[09:25] {ese} what are we talking about.......
01[09:26] {Threei}  Monday is day off
01[09:26] {Threei}  so you don't wake up early, only to find you are alone in the room :)
[09:26] {ese} maybe for you all
[09:27] {nemo} in .48
[09:27] {nemo} COF
01[09:28] {Threei}  this exchange cracked me up
01[09:28] {Threei}  [15:51] {nemo} dp...it's from a cartoon when I was a kid
01[09:28] {Threei}  [15:54] {dptl} you were a kid?
01[09:28] {Threei}  [16:03] {nemo} hatched
[09:28] {nemo} 1/2 out .81
[09:29] {ese} lol
[09:29] {ese} thats funny
[09:29] {ese} thats a nemo crack dejour
[09:29] {nemo} bailed on the second half
[09:29] {nemo} baled
01[09:32] {Threei} Long Setup:  MS  .10 break hl
01[09:33] {Threei}  If holds  .95
01[09:35] {Threei}  no
01[09:35] {Threei}  who unplugged the market?
01[09:35] {Threei}  no news
[09:36] {nemo} profit taking
[09:36] {dptl} gm
01[09:36] {Threei}  dp
01[09:36] {Threei}  ah, I see
01[09:36] {Threei}  (US) Sees 2013 US new home sales +22% y/y, existing home sales +7% y/y- 'Most housing macros continue to grow, helped by favorable affordability and buyer psychology
01[09:37] {Threei}  good news, market down
01[09:37] {Threei}  less odds of the next injection
[09:37] {nemo} Op Ex week profit taking
[09:37] {dptl} fast .50 short?
[09:38] {cipher} soda l .45
01[09:38] {Threei} Short Setup: FB  .30 break
01[09:38] {Threei}  If holds  .35
[09:38] {nemo} watch for COF retest
01[09:39] {Threei} Long Setup:  CAT  .70 break hl
01[09:39] {Threei}  If holds  .60
[09:39] {nemo} short MS .90 stop above .00
[09:39] {cipher} WDC L .90
01[09:40] {Threei}  half out FB
01[09:40] {Threei}  stop to .31
[09:41] {cipher} amgn l .74
[09:41] {nemo} this ain't going fast enough for me
[09:41] {nemo} stop to .96
[09:42] {nemo} c'mon you frickin' pisdah!
[09:42] {dino} cof hl l .80
01[09:43] {Threei}  no go CAT
[09:43] {nemo} verdammmte Aktien!!!
[09:43] {cipher} out soda .80 +.35
[09:43] {cipher} cof +.18 thx dino
[09:45] {dino} cof to b/e
[09:46] {cipher} penn l .00
[09:46] {thomcbell} long small aig here with 34.99 stop
[09:47] {cipher} MNST L .22
[09:48] {thomcbell} lvs 0.75 break long vad?
01[09:48] {Threei} Short Setup: FCX  .30 break
01[09:48] {Threei}  If holds  .35
[09:48] {nemo} spy at pivot
01[09:49] {Threei}  I wouldn't tbell
[09:49] {cipher} out MNST .88 +.66
[09:51] {dino} out cof .14 +.34
[09:54] {dino} 07 red
[09:54] {cipher} out wdc .00 +.10
01[09:54] {Threei}  *(US) JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 71.3 V 75.0E
[09:54] {cipher} vrtx l.61
01[09:55] {Threei}  FCX half out
[09:57] {cipher} urbn l .55
[09:58] {cipher} out vrtx .74 +.13
[09:58] {ese} L mas .74
[09:59] {ese} I'm confessing..........i'm taking blood enhancing drugs to be able to breath easier to better asses stock performance for profit..........there...........I'm out...........got a call from Oprah the other day to
[10:00] {thomcbell} evening the playing field with Vad
[10:00] {jdetente} ese, are you also missing part of your anatomy??
01[10:01] {Threei}  since when vodka doesn't work...
[10:01] {ese} the blood doping consisted of a heavy dose of Belgian "GRIMBERGEN" beer every friday
[10:01] {cipher} out urbn .67 +.12
[10:01] {ese} lol
[10:02] {ese} I might be.........which part are you referring to jd
01[10:02] {Threei}  this reminds me... "-Have you heard? British scientists discovered chocolate increases happiness fctor by 24%! --Hmmm... Did they try vodka?"
[10:02] {jdetente} lol...ask Lance
[10:02] {ese} lol
01[10:03] {Threei}  die already, FCX
[10:03] {ese} no .....but i've done chocolate ALONG SIDE vodka
[10:03] {cipher} ipgp l.75
[10:03] {ese} it's awesome.........although ...i still preferr wine and chocolate
[10:04] {cipher} expe l..15
[10:04] {ese} daaaaaaaaaaa mas
[10:04] {ese} get up there
[10:05] {thomcbell} nice miss there on lvs vad
01[10:05] {Threei}  miss?
01[10:05] {Threei}  you wanted .75 long, right?
[10:06] {thomcbell} yup - i am still interested in a long at some point in the name
[10:07] {cipher} out ipgp .12 +.37
[10:07] {thomcbell} nice pattern in nov
[10:07] {thomcbell} but market very wishy washy
01[10:07] {Threei}  still looks not ready for reversal to me
[10:08] {thomcbell} long setup lvs 52.47 break if holding 52.39
[10:08] {dino} ggc hl l .00
[10:09] {thomcbell} lv s invalidated immediately
[10:11] {thomcbell} still valid with 52.38 holding
[10:11] {cipher} IPGP L.50
[10:11] {cipher} OUT .60
01[10:12] {Threei}  finally lost .20, FCX
[10:12] {cipher} out expe .20 +.05
[10:14] {cipher} rue l .16
[10:17] {thomcbell} lvs looks like a short setup now
[10:17] {dino} ggc stop -.25
[10:18] {cipher} GGC L.66
01[10:19] {Threei}  ok, closing FCX here
01[10:19] {Threei}  almost 1:2
[10:20] {thomcbell} wow that was a quick 1:2 on the lvs short break
[10:20] {cipher} out ggc.80 +.14
[10:23] {cipher} GGC L .52
[10:24] {nemo} does that stock trade...sheesh
01[10:25] {Threei} Short Setup: SLW  .30 break
[10:25] {nemo} if it doesn't trigger look to short .45 area
[10:26] {cipher} out GGC .69 +.17
[10:28] {thomcbell} wow fb
[10:29] {dptl} slw stop .37?
[10:29] {dino} mnst hl l .45
01[10:30] {Threei}  yeah
01[10:35] {Threei}  slow market this morning
01[10:35] {Threei}  canadian dollar hit hard
01[10:35] {Threei}  (thank goodness)
01[10:35] {Threei}  not sure I see why
[10:38] {dino} mnst stop -.30
[10:40] {dino} clc hl l .34
[10:46] {cipher} MNST L .66
[10:47] {dino} ntct hl l .94
[10:50] {thomcbell} long setup lvs 52.12 break if holding 52
[10:50] {thomcbell} target is 1:2
01[10:57] {Threei}  IF SPY LOSES LOW, I'D HAVE NO PROBLEM SHORTING LVS 52 BREAK
01[10:57] {Threei}  oops, sorry caps
[10:58] {thomcbell} i thought you were getting adamant with me
[10:59] {thomcbell} admonishing
[11:00] {nemo} actually thom, he just sent me your address
[11:03] {dptl} slw stuck
[11:04] {cipher} klac l .53
[11:08] {thomcbell} oof
[11:10] {thomcbell} im cutting this lvs in half at 52.09
[11:10] {dino} cof hl l .70
[11:10] {thomcbell} -.03
[11:13] {dptl} out flat  slw
[11:14] {thomcbell} flat lvs
[11:14] {thomcbell} too random
01[11:14] {Threei}  ok SLW, he is out. Let's drop now
[11:15] {thomcbell} big cup forming on fb on the other hand
[11:19] {dino} jcp spike
[11:20] {cipher} jcp s. 62
[11:21] {cipher} cov .37 thx dino
[11:21] {nemo} whr
[11:21] {nemo} sorry
[11:30] {dino} np gj
[11:45] {dino} clc to .04
[11:45] {dino} out clc +.70
[11:52] {dino} cof stop -.22
01[11:54] {Threei}  SLW half out
06[11:55] * Threei is slanting at dp
[11:55] {dptl} :)
[12:02] {dino} tgi spike
[12:02] {dino} hl s .20 ave
[12:05] {nemo} 69.40 is 50% on tgi
[12:08] {dino} ty
[12:09] {dptl} vlo .40 short?
01[12:09] {Threei}  yes
[12:10] {goryl} u taking it vad
01[12:10] {Threei}  yes
[12:13] {nemo} if that triggers might as well try riding it to the whole
[12:23] {dino} cof hl l .45
[12:25] {Will49} Aloha
01[12:25] {Threei}  hey will!
[12:25] {nemo} Ahole
01[12:25] {Threei}  how does it go?
[12:26] {Will49} awesome
[12:26] {dino} cool
01[12:26] {Threei}  careful with sharks, will ya
[12:26] {dino} out ntct flat
[12:27] {Will49} Yah, will do....Just checking in to keep my IRC settings current
01[12:27] {Threei}  :)
[12:29] {dino} tgi trades odd, bstop is .96
[12:30] {dino} cov +.24
[12:41] {dino} out cof .85, +.40
[12:44] {dptl} jcp .70 long?
[12:45] {dptl} or .60 sh?
01[12:46] {Threei}  not sure
[12:49] {dino} tess drop
[13:02] {thomcbell} im long small nov at 72.21 looking for high of day
[13:02] {dino} ntct hl l .55
[13:04] {dptl} half out jcp.82 went for .70 break
[13:06] {dptl} out all
[13:08] {dptl} got to leave early....have a good weekend all see ya monday
01[13:08] {Threei}  tuesday
[13:08] {dptl} is it?
[13:09] {dptl} long weekend?
[13:09] {dino} ntct stop -.12
[13:09] {dino} opps -.17
01[13:09] {Threei}  yes
[13:10] {dptl} oh Martin Luther... i see ...tuesday then, have a good one
[13:12] {thomcbell} ge looks like a long break
01[13:12] {Threei}  tempting
[13:15] {thomcbell} long it playing by the book - scalping rules
[13:15] {thomcbell} lot of wood to chop here at 22
[13:16] {thomcbell} and thru
[13:23] {thomcbell} fb getting a bit emotional now
[13:51] {thomcbell} selling half nov 72.46
[13:52] {thomcbell} did a bit better because i typed that
[13:52] {thomcbell} lol
01[14:05] {Threei}  lol
[14:05] {thomcbell} looks like a long setup there on fb 29.58 break if holding 29.50 Vad?
[14:05] {thomcbell} daily chart scares me a bit
[14:06] {thomcbell} scaling out of rest of nov
01[14:25] {Threei}  not really delighted by long idea on FB
[14:36] {thomcbell} si
[14:36] {thomcbell} and you be right
[14:39] {nemo} no selling pressure at all
[14:40] {thomcbell} no
01[14:40] {Threei}  jusr drifting everywhere, no pressure either way
01[14:40] {Threei}  no one wants to commit before the long weekend
[14:40] {nemo} finnies haven't got to their pivot yet, we should probably dirft higher into the end of the day
[14:40] {nemo} already committed, look at the vix
[14:41] {nemo} nobody is worried, everybody is long
[14:41] {jdetente} that's scary
[14:41] {nemo} we'll likely gap up on Tuesday
01[14:41] {Threei}  debt ceiling circus will shake them back into reality
[14:42] {nemo} if they don't today they'll have to see if they can test above yesterday's highs
[14:42] {nemo} no, that's kabuki theatre
[14:46] {nemo} Republicans have to cave on that
[14:46] {nemo} they're like puppy dogs running around with their tails between their legs
01[14:47] {Threei}  because they have no guts to say enough
[14:47] {nemo} their a minority that can't do anything
01[14:47] {Threei}  not true
[14:48] {dino} w/o the house, nothing passes
01[14:48] {Threei}  they still have an option not to sign off yet anohter spending bout
01[14:48] {Threei}  they don't have guts to do it
[14:48] {nemo} they can't win the politics on that one
01[14:48] {Threei}  "ah, we will be lamed for this and that"
01[14:48] {Threei}  guess what - they'll be blamed in any case
01[14:49] {Threei}  so might just take a stand and do something good for the country while taking blame anyway
[14:49] {nemo} nah....always lose the shutdown battle, politically they should let the democrats do what they want
01[14:49] {Threei}  they will lose politics if they put a stop to spending, and they will lose politics if they don't
[14:49] {nemo} and just put it in their laps
01[14:50] {Threei}  they did it already over last 4 years, many times
01[14:50] {Threei}  look where it got thenm
[14:50] {nemo} yeah, and when they make a stand, they get killed
01[14:50] {Threei}  not only they lost presidential elections and decreased their numbers in both senate and house,
01[14:51] {Threei}  but for the first time in last 3 years poll shows more trust dems on economy
01[14:51] {Threei}  it goes like this, next midterm they'll lose house
01[14:52] {Threei}  isn't it obvious that they lose PR battle?
[14:53] {jdetente} The Repubs cannot win the PR game...ever
01[14:53] {Threei}  nope... almost by definition
[14:53] {jdetente} they never have...even when Reagan and the Bushes were in power...the next generation was ready to take them out and put in a Democrat
[14:54] {nemo} it's simple, we're becoming Europe
01[14:54] {Threei}  but still, if you look at state level, governor and houses, you see pragmatism taking root in many states
[14:54] {dino} unfortunately nemo
[14:54] {jdetente} when I was in university all of my professors and classmates talked about how much better Europe was/is
[14:55] {jdetente} from a very young age that was the "PR" game
01[14:55] {Threei}  no doubt... capises are wasp nest of lefties
01[14:55] {Threei}  campuses
[14:55] {nemo} detente  where are you?
[14:55] {jdetente} and if you don't tow the line, you're a hater
[14:55] {jdetente} I'm in California. Los Angeles area
[14:56] {nemo} ahhh...California universities...hehehe.  Watch Indoctrinate U on Youtube
[14:56] {jdetente} I'll check it out
[14:58] {jdetente} are you aware of the Chicano student group called Mecha?
[14:58] {nemo} I know about La Raza
[14:59] {jdetente} They are big here. This one of their aims: ‘As Chicanas and Chicanos of Aztl├ín, we are a nationalist movement of Indigenous Gente that lay claim to the land that is ours by birthright. As a nationalist movement we seek to free our people from the exploitation of an oppressive society that occupies our land. Thus, the principle of nationalism serves to preserv
[14:59] {jdetente}  preserve the cultural traditions of La Familia de La Raza and promotes our identity as a Chicana/Chicano Gente.’
[15:06] {nemo} Hey, doesn't Egypt still owe the Jews for enslaving them during Pharoahs time?
[15:06] {jdetente} lol
[15:07] {nemo} To paraphrase the little corporal, the more I learn about people the more I like bunny
[15:08] {nemo} Hey Dino, who wins Pats or Ravens?  Falcons or 9ers?
[15:09] {thomcbell} Pats and 49ers win
[15:09] {thomcbell} good superbowl
[15:09] {dino} pats and 49ers
[15:09] {nemo} Then the 49ers kill them in the Superbowl
[15:09] {nemo} unless Belichick has one of his Darth Vader Game plans
[15:10] {dino} pats d cannot stop him
[15:10] {nemo} nope, and no Gronk this time either
[15:10] {nemo} although, Pats CB Talib was injured last 9ers game
[15:11] {nemo} he's best cover guy they have
[15:13] {nemo} not sure I've ever seen anybody run an offense quite like Brady
[15:16] {dino} brady one of the best for sure
[15:16] {jdetente} Seattle Niners would've been such a better game than the Falcons
[15:16] {nemo} yeah definitely in the conversation
[15:17] {jdetente} The Niners will kill the Falcons
01[15:18] {Threei}  what was that on PPG
[15:18] {nemo} Points Per Game
[15:18] {nemo} fat finger
01[15:18] {Threei}  (US) White House Spokesman Carney: Administration is encouraged by Republican debt limit proposals, emphasizes that the House must pass a clean debt ceiling increase that is free of conditions***Note that the statement makes no mention of length of debt limit increase, but it does not express opposition to short-term one. Also note that the proposed Republican House bill would obligate the Senate to pass a budget, which may not make it 'clean'
[15:19] {dino} lol free of conditions. why, because obummer says so
01[15:19] {Threei}  (US) Senate Majority Leader Reid (D-NV): If the House can pass a clean debt ceiling increase bill, the Senate would be happy to consider it***Note that clean likely means "without conditions," while the House bill will obligate the Senate to lower spending levels
01[15:20] {Threei}  (US) House Speaker Boehner (R-OH): Govt needs to pass a budget before the debt limit is increased, House will obligate the Senate to lower spending levels- Notes that there should be no long term debt limit increase before the Senate passes a budget - Separate reports suggest the House will pass a three-month increase in the debt limit to April 15th. Will require a budget to be passed or Congressional pay will be withheld - House Majority Leader Cantor (R-VA): The House will vote next week on a three-month extension of the debt ceiling **Reminder: On Jan 17th, Rep Ryan said the House GOP was discussing the possibility of a short-term debt limit extension. During the debt ceiling negotiations last August, the Obama Administration repeatedly rejected any short-term extensions of the debt limit.
[15:27] {thomcbell} GE 1:1
01[15:28] {Threei}  yep, took a good while but made it
[15:28] {thomcbell} bored to tears
[15:31] {jdetente} alright everyone. That's a day for me. Have a good weekend.
[15:31] {jdetente} Canadians please login Monday morning
01[15:31] {Threei}  have a good one, jd
[15:33] {nemo} yeah, big gap up on Tuesday,
[15:33] {nemo} vixx at lows for the day, people going long over the weekend
[15:35] {nemo} finnies hit pivot
[15:35] {nemo} that might be it
[15:37] {nemo} iwm hit r1, now we'll see if spy goes for the highs
[15:37] {nemo} they're at R1 also
01[15:45] {Threei}  ok guys, this day really bored me to death
01[15:45] {Threei}  let's have long weekend
01[15:45] {Threei}  and come back rested on Teusday
01[15:45] {Threei}  have a good one, OK?
[15:45] {dino} take care 3i