Friday, January 4, 2013

Jan 4 2013

Back and forth day, with a few good trades and a few stops, eventually about even. Pretty much describes the whole week. 


Session Time: Fri Jan 04 00:00:00 2013
[08:21] {dino} gm
01[08:54] {Threei}  morning dino
[09:20] {scottie} good morning
01[09:21] {Threei}  scottie :)
[09:21] {scottie} will be in and out most of the day
[09:21] {ese} morning
01[09:21] {Threei}  ese :)
01[09:22] {Threei}  scottie... trader's answer would be "so will all of us..." nemo's - I don't even want to guess
[09:22] {dino} pretty much
[09:23] {scottie} lol
[09:26] {thomcbell} good morning all
01[09:27] {Threei}  tbell :)
01[09:33] {Threei} Short Setup: C  .70 break
[09:34] {dptl} good morning
01[09:34] {Threei}  dp :)
01[09:34] {Threei}  If holds  .75
01[09:35] {Threei}  no go
01[09:39] {Threei} Short Setup: WFC  .45 break
[09:39] {dptl} low .75 sh?
[09:39] {cipher} bidu l .00
[09:40] {cipher} out .23
01[09:41] {Threei} Long Setup:  FB  28 break
01[09:41] {Threei}  If holds  .90
[09:43] {dino} ipgp drop
[09:43] {thomcbell} amazing that it has traded this much in 8 minutes
[09:43] {cipher} qcor l .98
01[09:44] {Threei}  Invalidated  WFC
[09:45] {cipher} out qcor -.04
[09:46] {dino} fds hl l .83
[09:46] {cipher} LULU L .11
01[09:46] {Threei} Long Setup:  FCX  35 break
[09:48] {ese} L urbn .17
[09:51] {dptl} met .85 long?
[09:51] {cipher} ntap s .70
01[09:51] {Threei}  MET looks good
[09:52] {cipher} cov ntap -.05
[09:52] {nemo} 35.02 is fcx pivot
[09:53] {dino} fds stop -.40, gappy sucker
[09:53] {nemo} ism services in 7
01[09:54] {Threei}  MET 1:1
[09:54] {dptl} out met .99
[09:55] {dino} cstr hl l .00, pulp
01[09:56] {Threei}  1:2, out
[09:56] {cipher} +.15 cstr thx dino
01[09:57] {Threei}  let's cut FCX
01[09:57] {Threei}  something's holding it back
[09:57] {thomcbell} long setup aig 36.34 break if holding 36.24
[09:58] {cipher} fds l .04
[09:58] {dptl} stoped fcx
01[09:58] {Threei}  [09:57] {Threei} let's cut FCX
01[09:59] {Threei}  was .95
[09:59] {cc_8} MARKET SNAP: At 5:42 a.m. ET, S&P 500 futures flat. Treasury yields near 8-month high. Nymex down at $92.23; gold lower 1.4% at 1,640.33. In Europe, FTSE 100 down 0.1%, DAX down 0.3% and CAC 40 down 0.5%. In Asia, Nikkei 225 up 2.8% and Hang Seng down 0.3%.
[09:59] {dptl} ye missed that
01[10:00] {Threei}  *(US) NOV FACTORY ORDERS : 0.0% V 0.4%E
01[10:00] {Threei}  *(US) DEC ISM NON-MANUFACTURING: 56.1 V 54.0E
[10:00] {cc_8} Overnight action: Spain digs into pension fund; HTC to step up innovation; Postholiday letdown for retailers.
[10:01] {cc_8} Earnings: Finish Line, Mosaic
[10:01] {cipher} out nds .46 +.42
[10:01] {nemo} so ISM strong factory orders meh
[10:02] {nemo} looks like spy and IWM to test yesterday's highs
[10:03] {nemo} maybe not...then again, this might be the shake
01[10:03] {Threei} Short Setup: SLW  35 break
01[10:03] {Threei}  If holds  .10
[10:05] {thomcbell} short setup fio 22.50 break if holding 22.60
01[10:07] {Threei}  change SLW to .10 break, aggressive
[10:08] {dptl} stop .21?
[10:08] {dino} addind cstr calls
01[10:09] {Threei}  for now, yes
[10:09] {thomcbell} gdx looks vulnerable too here
[10:09] {dptl} k
[10:12] {thomcbell} fio invalid
[10:13] {thomcbell} im trimming aig too here -0.02
01[10:13] {Threei} Short Setup: MCD  .20 break
01[10:13] {Threei}  If holds  .30
01[10:15] {Threei}  MCD target 1:2
[10:15] {cipher} qlik s .95
01[10:16] {Threei}  no go SLW
[10:16] {dptl} stoped slw
[10:19] {dptl} rht .70 long?
[10:19] {ese} skys the limit if urbn can get past .49
01[10:19] {Threei}  not sure
01[10:20] {Threei}  RHT is looking right but so far breaks like this didn't work
[10:20] {dptl} what about swks .05 short?
01[10:20] {Threei}  same thing
[10:21] {cipher} cov qlik .90 +.05
[10:21] {ese} looking at buying some new Vokey wedges dino 50* and 56* before i hit the links today
[10:21] {ese} come on urbn
[10:22] {ese} perfect
[10:22] {dino} nice ese. no golf for me, 16" snow here
[10:23] {dptl} is jcp same thing? .60 long?
[10:23] {ese} come on up and see vad and I.........i'll take you out
[10:24] {ese} daaaaaaaaaaa  the wedges are slipping out of my finger tips
[10:24] {dino} would luv too, but no time. 2 kids in sports
[10:24] {ese} now thats a good reason
01[10:24] {Threei}  they all get faded, dp
01[10:25] {Threei}  MCD was the best of them and look how hard fit is for it to get going
[10:25] {dptl} i see..lets play oposite then :)
[10:26] {cipher} fran l .15
[10:27] {ese} am showing extreme patience here...............NOT!!!!!!..........just a little patience but extreme patience with urbn.........am not liking the way it trades
01[10:27] {Threei}  stop .26 MCD
[10:28] {dino} trgp spike
01[10:29] {Threei}  1:1 finally
[10:30] {ese} urbn a classic price pattern from your book vad
[10:30] {cipher} wdc l .74
[10:30] {ese} gotta break through .50 though
01[10:30] {Threei}  it is, just a bit too volatile
[10:32] {cipher} out wdc -.07
[10:32] {ese} yup
01[10:36] {Threei}  1:2
01[10:36] {Threei}  out
01[10:36] {Threei}  whew
[10:36] {thomcbell} best part about that urbn is the daily
[10:37] {ese} yes
[10:37] {ese} agreed
01[10:37] {Threei}  anyone took MCD??
[10:38] {ese} wanted too....but was distracted with urbn
[10:38] {ese} looks like it would have been an awesome play fro .40 though
[10:38] {dptl} hes .80 short?
[10:39] {ese} if it can get past .50 t bell..........42 should be a good target
01[10:41] {Threei}  HES yes
01[10:41] {Threei}  but if you didn't take MCD, I am not answering your questions anymore
[10:42] {dptl} i couldnt was in slw at the time
[10:42] {ese} although if my 13ma crosses below my 50ma on the 1min..........I.............am...........outta..............there!
01[10:42] {Threei}  ummm... walking and chewing gum??
[10:42] {nemo} damn...bottle is empty
[10:43] {ese} which bottle
[10:43] {nemo} Jack Honey
[10:43] {nemo} goes good with bacon ;-)
01[10:43] {Threei}  what doesn't
[10:44] {ese} lol
01[10:44] {Threei}  crap, missed AIG short
01[10:44] {Threei}  was looking at .20 break
[10:45] {cipher} out fran .27 +.12
[10:45] {ese} what the H is going on with the spyders now
[10:45] {nemo} just hit pivot
[10:45] {ese} sheesh
[10:45] {nemo} iwm hit vwap
[10:45] {nemo} finnies hit yesterday's high...bounce time
[10:46] {nemo} confluence baby
[10:46] {ese} it should know that i'm long and should be going up
[10:46] {dino} lol
[10:46] {ese} it's all about me.................i can't believe it doesn't get that
[10:46] {nemo} musician's ego
[10:46] {ese} definitely
01[10:47] {Threei}  nemo... try this experiment: get some salted pork belly, wrap it in bacon, pour some honey or maple syrup on it... and tell me it doesn't taste good
[10:47] {nemo} is that a monitor or a mirror in front of you
[10:47] {nemo} bet I know what his wallpaper is?
[10:47] {ese} rotflol
01[10:47] {Threei}  you don't
[10:47] {nemo} I lie Vad
01[10:47] {Threei}  his wallpaper is his band girls... and alternate one is his own image to which he switches when wife walks in
[10:48] {ese} ohhhhhhhh yes......he does
[10:48] {dino} onxx spike
[10:49] {nemo} dcc ese
[10:49] {dino} wtf, i am missing entries like crazy last two days
[10:49] {ese} gotta admit though nemo.........you've got me watchin the vwap.........urbn just bounced off it
[10:49] {nemo} this week is always whacked
[10:50] {cipher} ONXX
[10:50] {dino} hope so, had best month of year in december, so far struggling in new year
[10:50] {nemo} looks like a finish up cipher, see if it gets a higher low
[10:52] {dino} onxx sm s .40
[10:52] {cipher} missed onxx entry at .99 by a nanosecond
[10:52] {nemo} wow...your computer clock goes out that many digits?
[10:52] {cipher} give or take a few :)
[10:53] {cipher} could have been an easy 50 cents
[10:53] {dino} die onxx
[10:54] {dptl} mpc .80 long?
[10:55] {dino} onxx bstop to .10
[10:55] {dptl} or .70 sh?
01[10:55] {Threei}  I like MPC on a short side
[10:56] {dino} cov +.28 slip
[10:56] {thomcbell} duh fb
[10:56] {thomcbell} look at that Vad
[10:56] {dptl} shorted .70 mpc
[10:56] {thomcbell} where were we 28.04 break
[10:57] {ese} another kick at the cat here t bell with urbn
[10:57] {cipher} onxx l .02
[10:58] {dino} nice
01[10:58] {Threei}  yes FB...
01[10:59] {Threei}  too many fakeouts today
01[10:59] {Threei}  MPC 1:1
[10:59] {ese} indeed
[10:59] {cipher} out onxx .45 +.43
[11:00] {cipher} got it this time
[11:00] {dptl} out .57 mpc
[11:00] {ese} ahhhhhhhhhhhhhh
[11:01] {ese} the infamous .50 break
01[11:01] {Threei}  wtg cipher
[11:01] {ese} and
[11:01] {cipher} ty
[11:01] {ese} without vads classic 2X4 upside the stock
[11:02] {cipher} FRAN L .08
[11:03] {ese} that was my first wifes name.............don't buy that stock..........opps  sorry to late with the warning
[11:03] {cipher} lol
01[11:03] {Threei}  MPC 1:2
[11:05] {dptl} cog .35 sh?
01[11:05] {Threei}  wow MCP
01[11:06] {Threei}  COG, marginal setup
01[11:06] {Threei}  not sure
[11:06] {cipher} out fran .06 -.02 thx for the warning ese
[11:06] {ese} lol
01[11:07] {Threei}  OK, following ese trend, I am preparing a list of names you guys should avoid at any cost
[11:08] {ese} lol.......glad i can help in a way
[11:08] {cipher} ulta drop
[11:08] {dptl} rig .20 short?
[11:09] {dino} tso drop
01[11:10] {Threei}  interesting to try, RIG
01[11:10] {Threei}  quite a run on daily
[11:11] {dptl} in rig .18
[11:12] {cipher} ulta l .68
[11:12] {ese} I can feel those vokey wedges slipping out of my finger tips
[11:12] {cipher} out .95
[11:13] {cipher} ulta reload .81
[11:14] {dino} tso hl l .70
[11:15] {cipher} out ulta .19 +.38
[11:17] {cipher} ok guys had enough of this
[11:17] {cipher} have a good weekend
[11:17] {dino} gj cipher
01[11:17] {Threei}  you too cipher, gj
[11:17] {cipher} thx
[11:27] {dptl} out half rig
01[11:28] {Threei}  1:1
[11:28] {dptl} stop to .24
01[11:31] {Threei}  ese
01[11:31] {Threei}  look at our old friend DRYS
[11:32] {ese} will do
[11:32] {ese} wow.......smokers
[11:33] {ese} i thought this thing was going to be confined to the penny stock jail for a long time
01[11:33] {Threei}  EGLE, same
01[11:33] {Threei}  shippers are having grand day
[11:34] {ese} 2008 it was 80 bucks a share
01[11:35] {Threei}  and RIMMM was 80 too... sic transit gloria mundi
[11:35] {ese} 2007 $130
[11:35] {ese} indeed
[11:36] {ese} wonder whats up.....bulk dry index showing signs of recovery or something?
01[11:37] {Threei}  I guess
01[11:37] {Threei}  or just run out of sellers
01[11:37] {Threei}  DSX is probably the most solid of the bunch
[11:38] {ese} I think Dana shipping always was.........questionable Greek management with drys
[11:38] {ese} diluted the crap out of it
[11:39] {ese} probably to pay off politicians or something
01[11:41] {Threei}  RIG 1:2 baby
[11:45] {dino} open drop
[11:46] {thomcbell} urbn
[11:47] {thomcbell} it is trying again
01[11:49] {Threei} Long Setup:  LVS  .90 break
[11:52] {scottie} BK l 27 ?
01[11:53] {Threei}  I think so
[11:57] {dino} out tso .02, +.32
01[11:59] {Threei}  LVS half out
01[11:59] {Threei}  wtg dino
01[12:00] {Threei}  1:2 LVS, out
[12:00] {dptl} me too ty lvs
[12:00] {scottie} + .19 tks Vad
01[12:00] {Threei}  :)
01[12:00] {Threei}  some thing in life are easy
01[12:00] {Threei}  this was one of them
[12:05] {dino} ty
[12:07] {Will49} Hi Vad, my weekly check-in to keep settings current
01[12:08] {Threei}  hey will!
01[12:08] {Threei}  how's maui?
[12:09] {Will49} Mauiarvoulous
01[12:09] {Threei}  thought so :)
[12:09] {dino} c'mon will, you can trade from the beach
[12:09] {dptl} alohaaa
[12:10] {Will49} have been ordered to take a pure vacation by the "boss"
[12:10] {Will49} hi dp
01[12:10] {Threei}  hawaiian time zone is not really conducive for trading
[12:10] {Will49} you got that right
[12:11] {dptl} double mai tai eh
[12:11] {Will49} every day
01[12:11] {Threei}  a bit too sweet for my taste... but kalua pig is always welcome
[12:12] {dino} well then be sure to check out the local talent
[12:12] {Will49} I'd love to live here but too expensive
[12:12] {dptl} i liked blue lagoon there
[12:12] {Will49} hahaha dino
[12:12] {Will49} Hey Vad, tried to log in on mibbit but wouldn't let me on
01[12:13] {Threei}  hmm?
[12:14] {Will49} doesn't matter
01[12:14] {Threei}  you must've mistyped something... server doean't care which way you connect, as long as credentials are correct
[12:15] {scottie} hi will
[12:15] {Will49} Good trading guys...gotta feed the goats
[12:15] {Will49} Hi Scottie
[12:16] {ese} out urbn .48 +.31......gotta tee time all.......have a great weekend cya monday
[12:16] {scottie} ese
[12:16] {dino} cya ese
[12:16] {dino} hit 'em well
[12:16] {ese} scottie dino
[12:16] {ese} will do
01[12:26] {Threei}  I dunno what links he is talkin about, rainy day
[12:27] {dino} never rains on golf course
[12:31] {dptl} wlt .45 short?
01[12:37] {Threei}  hl
[12:40] {dptl} stop .56
01[12:40] {Threei}  got an e-mail from some vegetarian outfit telling me I should feel ashamed about "slaughtering innocent animals"
01[12:40] {Threei}  I wonder where I can find guilty animals
01[12:48] {Threei}  SPY stalled
[12:51] {dino} ipgp drop
[12:52] {dino} lol 3i. funny how they all wear leather shoes
[12:52] {dptl} stoped wlt
[12:57] {dino} cstr to .60
[12:57] {dino} to .70
[12:59] {dino} out cstr .72, +.72
[13:00] {dptl} cov .60sh?
01[13:03] {Threei}  probably
[13:05] {dptl} nah..i like when you say yes lol
[13:06] {dptl} gonna take a little break
[13:36] {dptl} fslr .65 sh?
01[13:40] {Threei}  can't te;;
01[13:41] {Threei}  tell
01[13:41] {Threei}  tough one
[13:41] {dino} elli drop
[13:41] {dptl} ok what about mpc shoert?
01[13:43] {Threei}  .75... yeah
[13:44] {dino} hum, unh spikes
[13:44] {dino} aet hl l .30
[13:53] {dptl} in mpc .86 stop
[13:57] {dino} aet to .40
[14:04] {dino} aet to .48
[14:05] {dino} to .52
[14:06] {dino} out +.22
[14:07] {dino} mdc spike
[14:07] {dino} too fast
[14:20] {thomcbell} long setup thc - 34 break if hlding 33.90
[14:22] {dino} giddy-up
[14:23] {thomcbell} target is 1:2 and it may take 90 minutes
[14:23] {dino} lol, thanks for the warning
01[14:24] {Threei}  lol
[14:27] {dptl} stopped mcp
[14:32] {cc_8} Among the companies with shares expected to actively trade in Friday’s session are Finish Line Inc. FINL -8.88% (FINL) Accuray Inc. ARAY -19.32% (ARAY) and Coinstar Inc. CSTR -4.02% (CSTR).
[14:32] {nemo} define active
[14:33] {cc_8} more than 100 shares
[14:33] {nemo} ow...
[14:33] {nemo} I'm so bored my eyes are bleeding
[14:33] {nemo} aray
[14:33] {nemo} sorry
[14:33] {thomcbell} splk looks squeezable on daily
[14:34] {thomcbell} i know - its scary how dull the tape is
[14:35] {thomcbell} seems like a strong close is likely
[14:39] {dino} out thc .98 -.02
[14:39] {dino} reverse slip, stop was .97
[14:48] {dptl} mpc bustard
[14:48] {dptl} rinsed
01[14:48] {Threei}  yeah
[14:49] {dptl} what about clf short?
01[14:49] {Threei}  the rince would be above .20, right?
01[14:49] {Threei}  let's wait for this bounce and short it there
[14:50] {thomcbell} svu takeover stuff
[14:50] {thomcbell} strong
[14:50] {dptl} ok
01[14:51] {Threei}  lookie here
01[14:51] {Threei}  would have rinsed
[14:51] {dptl} yeah
01[14:52] {Threei}  now short .25 break if stays under .30
[14:53] {dptl} got .24
[14:56] {thomcbell} thc 1:1
[14:57] {dptl} stopped
[14:59] {dino} gj tbell
[14:59] {thomcbell} tu
[15:06] {dino} out cstr calls +.50 or 45%
[15:06] {thomcbell} thc 1:2
[15:07] {thomcbell} took 37 minutes
[15:07] {dino} beauty tbell, i should have stayed at original stop
[15:15] {dptl} vrtx short?
01[15:17] {Threei}  market's uptrending
[15:17] {dino} bbsi spike
[15:21] {dino} bbsi sm s .42 thinny
[15:26] {dino} well that sucked
[15:27] {dino} nsm
[15:40] {dino} got lucky, bbsi stop .55 -.13
[15:46] {thomcbell} good weekend guys
[15:46] {dino} you too tbell
[15:46] {dino} heading out myself. thx all, decent day
01[15:49] {Threei}  OK guys
01[15:49] {Threei}  thank you all, have a great weekend
[15:49] {dptl} see ya monday all
01[15:49] {Threei}  next week should be more clear