Monday, April 1, 2013

Apr 1 2013

Low volume inactive days are rarely tradeable but today was rather an exception. We figured out early what kind of day it was going to be and adjusted before it even started, finishing nicely up.

Session Time: Mon Apr 01 00:00:00 2013
[08:59] {nemo} I'm outta' rum...
[08:59] {nemo} tsla running
01[09:01] {Threei}  Yawn... morning
[09:02] {dino} gm
[09:02] {_doublertrading} Hey
01[09:02] {Threei}  dino, doubler :)
[09:03] {nemo} _doublertrading, do yourself a favor...stay away from Les
[09:04] {_doublertrading} :P
[09:04] {nemo} interesting, PMI strong, but no movement per se
[09:05] {nemo} cracks me up...Freestock charts is native to Silverlight, and therefore IE, but it has more problems with IE than anything else.
[09:06] {nemo} Makes you wonder if Microsoft is the next Dell in the making
01[09:06] {Threei}  many make this call
01[09:07] {Threei}  with so many companies and technologies chipping away from it, from all directions...
[09:07] {nemo} you see that video I sent you last night...diagnostic machinery may be on the way out
01[09:07] {Threei}  yes
[09:08] {nemo} that's alot of jobs out the window
[09:09] {nemo} Dino Cipher...TSLA has your names all over it today
[09:13] {dino} watching it
[09:14] {nemo} that 44 is basically the 23.6 extension of today's action from that 43ish level
[09:18] {Les} afternoon. doubler, do yourself a favour and stay away from me :)
06[09:18] * Les slaps Nemo with a big cement easter bunny
01[09:19] {Threei}  les :)
01[09:19] {Threei}  grand entrance, lol
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
[09:21] {Will49} it's a new dawn, a new day...a new month.....feelin'good
[09:22] {Will49} song going thru my head this morning
[09:22] {Les} the original or the techno version Will?
[09:22] {nemo} I hope it's Taps
[09:23] {Will49} probably have the lyrics wrong
[09:23] {jdetente} Gm
01[09:23] {Threei}  jd :)
[09:23] {Will49} nemo....disappointed in you
[09:24] {nemo} story of my life
[09:26] {Les} remember the film
[09:26] {Les}
[09:26] {Les} and the blond in it
01[09:27] {Threei}  likely to be a low volume day
01[09:27] {Threei}  let's be picky
[09:27] {nemo} why?
01[09:27] {Threei}  easter monday
[09:28] {Les} holiday in Europe
[09:28] {nemo} oh
[09:28] {nemo} right
[09:28] {Les} 4 day weekend
[09:28] {nemo} everyday is a holiday in Europe
01[09:28] {Threei}  Canada too
[09:28] {Les} socialism good for something nemo
01[09:28] {Threei}  not for self-employed
[09:28] {nemo} on that note, it's interesting how anti-evolutionary humans are
[09:28] {cipher} gm
01[09:28] {Threei}  cipher :)
[09:29] {thomcbell} kids still off in nyc due to jewish holiday
[09:29] {_doublertrading} My first day in here, i'm on a trial!
[09:30] {Will49} welcome
[09:30] {Les} sorry doubler, mistook you for someone else ;)
[09:30] {Les} hi dude
01[09:30] {Threei}  sheesh TSLA
01[09:31] {Threei} Long Setup:  BBRY  .55 break
01[09:31] {Threei}  If holds  .50 
01[09:32] {Threei}  meh
[09:33] {dino} welcome doubler
01[09:33] {Threei} Short Setup: GDX  .70 break
01[09:35] {Threei}  stop .76
[09:35] {cipher} VIAB L .19
[09:35] {cipher} IACI L .20
01[09:35] {Threei}  half out .61
01[09:36] {Threei}  stop .71
[09:36] {cipher} out VIAB .39 +.20
01[09:39] {Threei}  1/4 more out
01[09:39] {Threei}  stop .61
[09:40] {cipher} gild l .59
[09:41] {cipher} RPRX L .73
[09:41] {_doublertrading} Thanks for the welcome, I may change to the mIRC client and then i can set alerts when trade messages are made.#
[09:41] {nemo} don't forget to block Les
[09:42] {nemo} wow finnies on the move
[09:43] {Les} trading the range on BBRY  .30 holding for now
[09:43] {dino} xi sm l .15
[09:43] {dino} txi
[09:44] {cipher} CRZO L .44
[09:44] {cipher} out GILD .71 +.12
[09:47] {thomcbell} stx could really go thru 37
[09:47] {thomcbell} no setup in our time frame right now 
01[09:50] {Threei} Long Setup:  JPM  .90 break
[09:51] {cipher} AEGR L .63
[09:54] {Les} JPM 2 way?
[09:54] {cipher} out AEGR .86 +.23
01[09:54] {Threei}  not so far
01[09:54] {Threei}  maybe if consolidates closer to .80
01[09:55] {Threei}  Invalidated  
[09:56] {thomcbell} long setup stx 37 break if holding 36.90 
[09:57] {cipher} RPRX stopped .71 -.02
[09:58] {nemo} interesting indexes coming into support just as the ISM number to come out and construction spending
[09:59] {dino} lnn sm l .30 gappy
[09:59] {Les} FB at .60 looks interesting
[09:59] {nemo} not good
[10:00] {thomcbell} invalidated stx 
01[10:00] {Threei}  *(US) MAR ISM MANUFACTURING: 51.3 V 54.0E; PRICES PAID: 54.5 V 60.0E
01[10:00] {Threei}  *(US) FEB CONSTRUCTION SPENDING M/M: 1.2% V 1.0%E
[10:02] {nemo} lottery ticket, get FAS under 164...WPP is 163.80
01[10:03] {Threei} Long Setup:  JCP  /10 break
01[10:03] {Threei}  If holds  .05 
[10:06] {nemo} gmcr looks good above .65
[10:06] {thomcbell} bbry looking like a 14.65 long break 
[10:06] {thomcbell} Vad
01[10:07] {Threei}  chart is right
[10:09] {nemo} gmcr got 1:1 now looks iffy
01[10:10] {Threei}  JCP 1:1
01[10:13] {Threei}  BBRY 1:1
[10:13] {thomcbell} bbry 1:1
[10:14] {dino} gj
01[10:16] {Threei}  1:2
01[10:16] {Threei}  nice one
[10:16] {Will49} good call tbell
[10:17] {cipher} SIAL L .10
[10:17] {dino} de sm l .25
01[10:18] {Threei}  1:3 baby
[10:20] {nemo} look for IWM in 93.55 area, indexes should move up from there
[10:23] {Les} RIG .20 short?
[10:24] {dino} cjes drop
[10:24] {Les} too late
[10:28] {dino} hes
01[10:28] {Threei}  .l cat .25 break hl
01[10:28] {Threei} Long Setup:  CAT  .25 break hl
01[10:28] {Threei}  If holds  .15 
01[10:31] {Threei}  Invalidated  
[10:36] {thomcbell} oh Vad - with your usu. bbry philosophy - wait for the sellers to committ - gives fuel to rally 
01[10:37] {Threei}  :)
01[10:37] {Threei}  remember pre-open warning of low volume?
01[10:37] {Threei}  - NYSE volume 125M shares, about 24% below its three-month average; . - NASDAQ volume 325M shares, about 21% below its three-month average
[10:38] {backman} gm, all..
01[10:38] {Threei}  backman :)
01[10:38] {Threei}  missed a few good ones
[10:39] {backman} i believe that....u were prob all over BBRY
01[10:39] {Threei}  among others
01[10:39] {Threei}  ese probably refused to wake up as a matter of principle
01[10:40] {Threei} Short Setup: CAT  86 break hl
01[10:40] {Threei}  If holds  .10 
[10:43] {Will49} misse Cat...too fast
[10:44] {Will49} missed
[10:44] {Will49} jumped off the tin roof
[10:44] {Will49} hot tin roof
01[10:44] {Threei}  lol
[10:45] {nemo} this may be the bottom spy hit WPP, finnies below Weekly pivot
01[10:45] {Threei}  1:1
[10:45] {nemo} can't believe they're not gonna' give Mutual fund inflows a good price
01[10:45] {Threei}  doesn't feel like bottom to me
[10:46] {Will49} I used to feel bottoms myself
[10:46] {dino} lol
01[10:46] {Threei}  I still do...
[10:46] {nemo} sit on your hands palms up will
01[10:46] {Threei}  but fewer and father between
[10:46] {Will49} :)
01[10:47] {Threei}  farther to
01[10:47] {Threei}  too
[10:47] {Will49} ooops Freudian slip Vad
01[10:47] {Threei}  yeah but minor one
01[10:47] {Threei}  nothing on a scale of famous kunch of two shrinks
01[10:48] {Threei}  lunch
01[10:48] {Threei}  sheesh
[10:48] {dino} de stop -.27
[10:49] {Les} dumb dick I am have to short strongest bankster JPM C just asking to be sold
[10:49] {nemo} big iwm volume
[10:49] {nemo} real big
[10:51] {cipher} CAR L .31
[10:52] {thomcbell} pretty clean opening range break down in spy with test no new lows
[10:52] {dino} lnn sm l .60
[10:53] {thomcbell} this one is truly nutty
[10:55] {Les} just realised new IE release been dicking me around not the net
[10:55] {nemo} how's your bottom feel now Vad?
[10:55] {cipher} BBBY L .96
01[10:56] {Threei}  told you Les... get the Chrome and forget that hyppo
01[10:56] {Threei}  uncertain nemo
01[10:56] {Threei}  50/50
[10:58] {dino} stop lnn .25 -.35
[10:59] {Les} interesting dollar dropping silver too. could be interested in long entry for long term on renewed testing of SLW support
[11:00] {Les} today wanna sell slw back to 30
01[11:01] {Threei}  CAT 1:2
[11:01] {Les} c short .04?
01[11:01] {Threei}  hl
01[11:01] {Threei}  (CY) Cyprus Govt official indicates no estimate can yet be provided regarding expectations of an economic contraction for 2013
01[11:01] {Threei}  really?
01[11:02] {Threei}  I can give them estimate: total destruction
[11:02] {Les} I see they wanna put rescind casino ban to stimulate economy....
01[11:02] {Threei}  I have better idea
01[11:03] {Threei}  it involves rebuilding labyrinth and resurrecting Mynotaurus
[11:03] {jdetente} sounds like Game of Thrones
[11:04] {Will49} Mynotaurus=small Ford
01[11:04] {Threei}  lol
[11:04] {nemo} wonder if we'll be doing any nuclear tests in North Korea this week?
[11:05] {Will49} we?
[11:05] {nemo} the royal "we"
[11:08] {dino} lnn sm l .19
[11:10] {Les} BBRY trying for new highs
[11:10] {Les} dunno if it will try during lunch or perhaps after
[11:12] {nemo} o.k.  well, if past is prelude, they haven't been able to push this
[11:13] {nemo} 93.50ish and 156.30ish iwm spy respectively
[11:13] {cipher} SIRO l .00
[11:13] {nemo} for dino and cipher 164.70ish FAS
[11:14] {cipher} out BBBY .23 +.27
[11:17] {nemo} sheesh tsla
[11:17] {cipher} SIRO stopped -.12
[11:26] {Les} BBRY new highs trend line squeeze
[11:28] {Les} c stopped flat. didn't sweep my bid at 1:1 with big volume dump
01[11:28] {Threei}  yup, that same squeeze we hunted for on Friday
[11:29] {Les} long a little at .07
[11:29] {Les} making up for missing earlier setup
[11:30] {Les} out .20
[11:32] {dino} out lnn .82, +.63
[11:32] {thomcbell} molto bene dininsky
[11:33] {dino} ty, i guess
[11:33] {Les} slw short 64
[11:33] {Les} .64 stop .75
[11:46] {cipher} TNA L .90
[11:49] {cipher} out .24 +.34
[11:50] {Les} great entry missed yer call
[11:50] {cipher} ty, not so good exit
[11:52] {nemo} mmhhhh tsla short under 46?
01[11:54] {Threei}  activity is all but stopped
01[11:54] {Threei}  The first trading day of the second quarter is seeing risk off the table and volumes well below normal. Europe is closed for the Easter Monday holiday. In the US, the March ISM manufacturing report is adding more pressure to equities, after missing expectations and coming in at its lowest level since December. Note that the US data echoes the weak Chinese March manufacturing PMI data out in the Asia session. The DJIA is down 0.22%, the S&P500 is down 0.55% and the Nasdaq is down 0.77%.
[11:57] {Les} slw stopped .77
[12:03] {Les} BBRY drop to 15
[12:04] {ese} ok.......have stopped being sick enough to find out what s going are ya
01[12:04] {Threei}  we re good
01[12:04] {Threei}  what happened to you?
[12:05] {ese} 2 bottle of vino coupled with some beer and (dare I say it Gin) did me in
[12:05] {nemo} lightweight
[12:05] {ese} lol
01[12:06] {Threei}  heh... not even one shot of vodka... I can see dp shrugging
[12:07] {ese} L adsk .98
[12:09] {_doublertrading} :)
[12:09] {ese} sheesh.....bought 1600 of it................. thought i was doing 800.........buggar it.......... lets go with
[12:10] {ese} know i'm tired but that was ridiculous
01[12:11] {Threei}  Raven forgot where the door is
[12:12] {dino} these low volume dats suck
[12:12] {dino} days
[12:12] {ese} what the hecks he been up too........long time no see
01[12:12] {Threei}  he was here all the time
[12:13] {dino} circling
01[12:13] {Threei}  right
[12:13] {nemo} looking for targets
[12:13] {ese} i said .......i'm tired
[12:14] {dino} go back to bed ese, nothing moving now
[12:15] {_doublertrading} Flat as a pancake right now, deadzone dot com..
[12:16] {ese} ya.........adsk looks like it's mainlining at .99/,00
[12:18] {nemo} tsla coming into bounce territory
[12:19] {nemo} lotter ticket in .40-.60 area
[12:19] {nemo} o.k .40-.64 area ;-)
[12:26] {ese} L some more adsk avg still .98
[12:28] {dino} lnn sm l .90
[12:33] {Les} bbry seeking new highs
[12:33] {_doublertrading} You were right about that .40 Nemo
[12:40] {_doublertrading} Did you jump into that trade Nemo?
[12:42] {nemo} on phone...
[12:43] {dino} still phoning in your trades huh?
[12:43] {nemo} cute
01[12:43] {Threei}  rofl
[12:43] {nemo} I have such a hard time insulting Dino
[12:43] {Les} hehehe
[12:47] {nemo} this is a very interesting day
[12:50] {dino} very boring imo
[12:52] {nemo} mmmhhhh....bunny slumming upstairs with me today
[12:52] {Will49} very interesting
[12:52] {dino} cjes sm l .90
01[12:52] {Threei} Long Setup:  BBRY  .30 break
01[12:52] {Threei}  If holds  .20 
[12:55] {dino} cbpo drop
[12:55] {dino} thinny
[13:04] {Les} VAD slw break LOD?
01[13:05] {Threei}  chart wise yes, my concern though is, this type of breaks rarely works in low volume low volatility days
[13:23] {dino} unxl drop
[13:24] {dino} sm l .52
[13:24] {nemo} Oh jeez...
[13:24] {nemo} how am I going to tell bunny...
[13:24] {nemo}
[13:25] {dino} too soon, stop 
[13:25] {dino} re-load .82
[13:26] {dino} out .25
[13:26] {dino} between the 2, even
[13:27] {dino} out cjes .20, +.30
[13:28] {dino} unxl sm l .85
[13:30] {dino} stop unxl .75 -.10
[13:31] {nemo} important level for TSLA
[13:31] {dino} rinsed
[13:33] {nemo} jeez GS hugging the low
[13:35] {dino} out lnn ave .41, +.51
[13:35] {dino} unxl drop
[13:39] {dino} unxl sm l .74
[13:40] {dino} out unxl .00, +.26
[13:51] {backman} EBAY approaching whole #.. i don't have a position,, 
[14:03] {dino} remainder lnn to .86
[14:06] {dino} unxl drop
[14:07] {dino} missed it
[14:08] {dino} lnn to .90 
[14:11] {dino} unxl drop
[14:12] {dino} something wrong there
01[14:16] {Threei}  no fresh news
[14:16] {dino} out remainder lnn.891, +.981
[14:17] {nemo} iwm made it back to vwap, only finnies left to get there
[14:19] {dino} out txi .24, +.09 all dayer
01[14:19] {Threei}  BBRY is valid again
01[14:19] {Threei}  same setup
01[14:19] {Threei}  this is one of those on again off again
01[14:27] {Threei}  1:2 target at least
01[14:27] {Threei}  possibly more
[14:27] {nemo} So, I've changed the tag line on my email:  “Peace is that brief glorious moment in history when everybody stands around reloading,” — Thomas Jefferson
01[14:27] {Threei}  love it
[14:28] {nemo} my lefty professor friend was not amused...made my day
[14:36] {dino} lnn drop
[14:48] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:53] {_doublertrading} Thanks for today, catch you tomorrow all
01[14:54] {Threei}  take care doubler
[14:58] {Will49} should change BBRY symbol to BBRO
[14:58] {Will49} blow brains right out
[15:01] {nemo} stop getting my hopes up Will
[15:01] {Will49} :)
[15:17] {dino} guys, calling it a day. decent one, no point in blowing it on a thin last hour. thx
01[15:17] {Threei}  take care dino
[15:17] {Will49} be good dino
[15:17] {Les} cheers man
[15:17] {thomcbell} you know what Will - you did make me laugh right out loud
[15:17] {Will49} :)
[15:18] {dino} ;-)
[15:18] {Will49} tks tbell...thought everybody was too bummed out to laugh
[15:18] {Will49} oh oh that's an emotion
[15:19] {Will49} bummed out=when market hits Vad's bottom
[15:19] {Les} RIG .80 short following a little consolidation?
01[15:20] {Threei}  probably
01[15:20] {Threei}  what bottom? up nicely today
[15:21] {Will49} joke
[15:21] {Will49} play on the bottom from earlier on
01[15:22] {Threei}  there was earlier on today?
01[15:22] {Threei}  I fall asleep regularly so I am not sure where today starts and ends
01[15:22] {Threei}  as far as I can tell there were about 4 todays already
[15:23] {Will49} nemo said "how's your bottom feel now Vad?
01[15:23] {Threei}  nemo was here today?
01[15:23] {Threei}  I must've missed him...
01[15:23] {Threei}  with every bullet
01[15:27] {Threei}  (ES) Spain govt reportedly to lower 2013 GDP forecasts to -1.0% vs -0.5% prior
[15:44] {nemo} vwap runs
01[15:47] {Threei}  last scalp attempt, if time allows:
01[15:47] {Threei} Short Setup: FB  .40 break
[15:51] {nemo} who aet hum unh wtf....
01[15:52] {Threei}  I have hard time telling which of those is derogatory term
01[15:52] {Threei}  all of them?
[15:52] {nemo} look at the stocks
[15:52] {nemo} aet hum unh
01[15:52] {Threei}  wtf - no such symbol
[15:52] {nemo} true
01[15:52] {Threei}  Invalidated  FB 
01[15:53] {Threei}  ok guys, time run out
01[15:53] {Threei}  thank you all, have a good evening
[15:53] {backman} gnite
[15:53] {Les} cheers
[15:54] {jdetente} gn
[15:54] {Will49} peace