Tuesday, April 30, 2013

Apr 30 2013

As customary with us, next day after a rare losing one we get them right back. One stop out of 8 or 9 trades, the rest are all wins. Ranging from scalps to 1:3, long and short, GDX, C, FB and whatnot.


Session Time: Tue Apr 30 00:00:00 2013
[09:04] {jdetente} Good morning...
01[09:06] {Threei}  morning jd
[09:09] {nemo} I have a bunny attached to my neck
01[09:10] {Threei}  I don't even know what to say... that's beyond any normal conversation-starters
[09:11] {dino} gm
01[09:12] {Threei}  dino :)
[09:12] {cipher} gm
01[09:12] {Threei}  cipher :)
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
[09:21] {backman} gm
[09:21] {Les} yo
01[09:21] {Threei}  bman, les :)
01[09:22] {Threei}  - Euro Zone Unemployment hits fresh EMU record of 12.1%
01[09:23] {Threei}  - Equity markets in Europe are mostly higher
01[09:23] {Threei}  yup... sounds about right
[09:24] {KSystems} morning
01[09:24] {Threei}  KS :)
[09:26] {Alexs} gm
01[09:26] {Threei}  alex :)
01[09:32] {Threei} Long Setup:  GDX  .45 break
01[09:33] {Threei}  If holds  .40
01[09:33] {Threei}  Invalidated
[09:33] {dino} aegr spike
01[09:33] {Threei} Long Setup:  C  .90 break
01[09:34] {Threei}  If holds  .80
01[09:34] {Threei}  GDX got away
01[09:34] {Threei}  C 1:1
01[09:35] {Threei} Long Setup:  GDX  .40 break
01[09:35] {Threei}  If holds  .30
[09:35] {thomcbell} hig very strong out of the gate on earnings
01[09:37] {Threei}  C 1:2
[09:37] {nemo} finnies ripping
01[09:38] {Threei}  GDX 1:1
[09:39] {nemo} cat
[09:39] {cipher} PRGO L .85
01[09:40] {Threei}  C 1:3, out
[09:40] {cipher} FFIV L.81
[09:40] {cipher} INFA L.55
01[09:41] {Threei}  wow
[09:41] {Les} strong market
[09:41] {cipher} out FFIV .23 +.42
01[09:41] {Threei}  are we looking at the same market les? :)
[09:41] {Les} yes, forgot the smiley face
[09:42] {Les} :)
[09:42] {cipher} out INFA .70 +.15
01[09:43] {Threei}  no news... what was that?
[09:43] {Les} turnaround tuesday
01[09:44] {Threei}  *(US) APR CHICAGO PURCHASING MANAGER: 49.0 V 52.5E
01[09:45] {Threei}  Prices Paid: 51.0 v 61.0 prior - New Orders: 53.2 v 53.0 prior - Employment: 48.7 v 55.1 prior -
01[09:45] {Threei}  deflation and underemployment
01[09:45] {Threei}  ugly
[09:45] {Les} C .95?
[09:45] {Les} short?
01[09:46] {Threei}  no
01[09:46] {Threei} Short Setup: GDX  .30 break
01[09:46] {Threei}  If holds  .40
01[09:47] {Threei}  1:1
[09:48] {Les} can smell the printer ink being primed from switzerland
[09:49] {cipher} LOGM L.60
[09:49] {nemo} mouse clicks dude
[09:49] {cipher} sial l.33
[09:49] {cipher} out SIAL .59
[09:50] {Les} C death...
[09:52] {backman} NUAN..nothing good to say
[09:53] {dino} osk sm l .32 piulp
01[09:53] {Threei} Long Setup:  CAT  .60 break hl
01[09:53] {Threei}  If holds  .50
01[09:53] {Threei} Long Setup:  C  .70 break
01[09:54] {Threei}  If holds  .65
[09:54] {Les} 2 way?
01[09:54] {Threei}  CAT was
[09:54] {dino} axll sm l .95
01[09:54] {Threei}  C, can't tell
[09:56] {cc_9} Better late than never.
[09:56] {cc_9} Morning gents.
01[09:56] {Threei}  cc9 :)
01[09:56] {Threei}  numbers at 10, let's wait out
[09:57] {cipher} ibb l.81
[09:58] {thomcbell} wow that quicck double top in lvs 1:6
[09:58] {thomcbell} in 10 min
01[09:59] {Threei}  *(US) APR CONSUMER CONFIDENCE: 68.1 V 61.0E
[10:02] {dino} out osk .89, +.67
01[10:03] {Threei} Short Setup: CAT  .50 break
01[10:03] {Threei}  If holds  .60
[10:03] {Les} C db?
[10:04] {dino} wtf .50 slip hard stop out axll -89
[10:04] {Les} ouch
[10:06] {dino} .axll sm l .18
01[10:06] {Threei} Short Setup: C  .60 break
01[10:06] {Threei}  If holds  .70
[10:09] {dino} wll sm l .22
[10:09] {cipher} infa l.26
01[10:10] {Threei}  stop to .66
[10:11] {dino} symc
01[10:12] {Threei}  out
[10:15] {cipher} out INFA .43 +.17
[10:15] {cipher} UTEK L.01
01[10:15] {Threei} Long Setup:  LVS  56 break
01[10:15] {Threei}  If holds  .90
[10:16] {thomcbell} thc 44.14 break if holding 44.04
[10:17] {cipher} ilmn l.62
01[10:18] {Threei}  1:1
[10:20] {thomcbell} thc 1:1
[10:20] {thomcbell} briefly 1:2
[10:20] {Les} CAT might setup c&h if it holds here
[10:21] {nemo} think more likely to short if gets back to 84 unless market runs
[10:22] {thomcbell} thc 1:2
[10:22] {Les} yeh contemplated .90 short, but so close to 84 wanted to see a recross
[10:22] {nemo} thing has been weak since the get go and you're looking for a long to go where?
[10:22] {nemo} just call Les "javelin catcher"
[10:23] {thomcbell} thc 1:3
[10:23] {Les} contrary, looking for aggressive entry to hand it over too longs at 84
[10:23] {thomcbell} 1:4
[10:23] {thomcbell} 1:5
[10:23] {Les} something like this
[10:24] {thomcbell} and out
01[10:24] {Threei}  wtg
[10:24] {thomcbell} tu
[10:26] {thomcbell} long setup hca 40 break if holding 39.91 - looks not ready yet but will move well if triggered
[10:26] {dino} out axll .43, +1.25
[10:27] {thomcbell} hca invalid
[10:28] {thomcbell} hca might have been a shakeout there
01[10:31] {Threei}  IBM *RAISES DIVIDNED; AUTHORIZES BUYBACK
[10:32] {dino} ironic, they always issue low and buy high
[10:34] {nemo} allows the officers to sell back to the company before the price tanks
[10:34] {dino} better use would be just dividend
[10:35] {nemo}  for whom?
[10:35] {dino} common
[10:35] {nemo} ibm at the 200 day
[10:36] {thomcbell} phwew thc
[10:48] {dino} out wll .67, +.45
01[10:49] {Threei}  US President Obama: Syria has been a slow unfolding disaster, the US has not been a bystander, reiterates President Assad must step down
01[10:49] {Threei}  Assad: yes... gimme coupla min to get my things
[10:50] {KSystems} :D
[10:50] {KSystems} {Assad} wtf
[10:51] {dino} tfx?
01[10:54] {Threei}  nothing on TFX since earnings in the morning
[10:54] {Les} GDX short .10?
[10:54] {dino} feels like wants up
[10:54] {dino} tfx
[10:54] {dino} lol, and drops
[10:55] {dino} .50 break trig
01[10:56] {Threei}  I think so Les
01[10:56] {Threei}  chart's right, time is not very conducive
[10:57] {cipher} DISH L .90
[11:01] {cipher} +.40 TFX thx dino
[11:02] {dino} gj
[11:05] {thomcbell} good spot for a db to form on aig - at marning low
[11:05] {thomcbell} morning
01[11:06] {Threei}  GDX worked
[11:06] {thomcbell} hca setup there again with 40 long break
[11:07] {cipher} DISH stopped .92 +.02
[11:12] {dino} tfx wall .75
01[11:14] {Threei} Short Setup: LVS  .15 break
01[11:14] {Threei}  If holds  .25
01[11:18] {Threei}  1:1
01[11:18] {Threei}  so far so good... what are we, 5 for 6 or something?
01[11:20] {Threei}  don't answer all at once
[11:21] {cipher} DISH L .75
[11:21] {Will49} too busy watching
[11:21] {Will49} but yes, nice morning
01[11:22] {Threei}  you mean you are trading with your eyes open will??
[11:22] {Will49} the other way didn't work too well
01[11:22] {Threei}  interesting concept...
[11:22] {Will49} more profit with eyes open
01[11:23] {Threei}  well, I can't open them since watching yesterday's election debate... my retina is burned
[11:23] {thomcbell} wow should have stuck with thc
[11:23] {thomcbell} for additional entries
[11:23] {Will49} when you call a trade at half lot, i only open one eye
[11:23] {thomcbell} instead of looking for hca
[11:23] {Will49} yeah, leaders debate was a pure bore
01[11:24] {Threei}  those are our choices, eh
[11:24] {Will49} pretty sad
[11:24] {Will49} kinda liked Jane Sterk's style though
[11:26] {cipher} biib l.11
[11:29] {KSystems} grmpf
01[11:29] {Threei}  no such symbol
[11:29] {KSystems} rrrr?
01[11:30] {Threei}  there was RRRR in 90s
[11:30] {Will49} you must be a pirate Ksystems
[11:31] {KSystems} like...Arrr?
[11:31] {Will49} :)
[11:32] {thomcbell} hca still valid
[11:39] {Les} sorry vad was doing taxi missed gDX
01[11:40] {Threei}  out last part LVS
[11:41] {Will49} nice trade...tks Vad
[11:41] {dino} geva drop thinny
01[11:41] {Threei}  :)
[11:43] {cipher} BIIB stopped .99 -.12
[11:49] {cipher} BIIB L .31
[11:50] {cipher} out .57
[11:50] {cipher} got him back
[11:57] {nemo} one could make an argument for shorting the indexes here
[11:57] {nemo} I would prefer to see IWM break 94 first
[11:58] {nemo} gap closes around 94.02
[11:58] {nemo} give or take an HFT spread
[12:03] {Les} GDX 29 short?
[12:04] {nemo} you want to do a breakdown at lunch?
[12:04] {Les} I want you to belt up
[12:04] {nemo} riding shotgun with you will definitely shorten my life
[12:04] {Les} gap closure to .25 is a potential
[12:05] {Les} on wathc for later
01[12:09] {Threei}  I remember widespread complaints about Apple maps being unreliable
01[12:09] {Threei}  with cartoons of penguins walking among polar bears, swearing about iPhone maps
01[12:10] {Threei}  yet:
01[12:10] {Threei}  Apple Inc Said to be planning an "aggressive" move into automobile integration, to embed maps and siri functionality into cars - CNET- Apple is currently working with car makers to integrate iPhones and perhaps iPods into car consoles. Apple envisions a way for iPhone owners to plug their devices into cars and then use specially optimized versions of Siri and Maps for in-vehicle use
[12:11] {dino} \going after msft sync
[12:12] {nemo} try mpc short les
[12:14] {cipher} +.10 mpc thx nemo
[12:14] {nemo} np, should be good to the whole
01[12:14] {Threei}  nice one
[12:15] {stevw} SLW off db support at 23.40 while SLV is well above morning lows
[12:15] {stevw} opinions?
01[12:15] {Threei}  new bunny looks to be quite keen on the market moves
[12:15] {nemo} below the whole
[12:15] {nemo} yeah, old bunny really discombobulated
01[12:15] {Threei}  it's at .48, stec... ?
[12:16] {nemo} this long term trend line MPC
[12:16] {stevw} i was a little slow to call it
01[12:16] {Threei}  anyway, a bit too narrow
01[12:17] {Threei}  don't see it as a play
[12:17] {cipher} mpc l .00
[12:17] {cipher} out .21
01[12:18] {Threei}  .40 break, maybe...
[12:19] {thomcbell} short setup abv - 40.49 break if holding 40.60
[12:20] {nemo} wow, that MPC trendline was strong bounce
[12:21] {dino} cnh sm l .00 break
[12:22] {thomcbell} abv invalid
[12:25] {thomcbell} rptp got approbal on a drug - on a tear
01[12:25] {Threei} Short Setup: SLW  .40 break
[12:26] {Les} inverted cup and hanlde?
01[12:27] {Threei}  kind of
[12:27] {Les} k
[12:28] {dino} cnh no go
[12:29] {nemo} mgn looks good short here
[12:29] {cipher} rptp s .50
[12:29] {Les} mgn?
[12:29] {nemo} len too
[12:30] {cipher} cov .30 +.20
[12:31] {nemo} wlt coming into bounce terrritory
[12:31] {nemo} vxx being bought
[12:32] {nemo} frickin' rabbit crawled down my shirt
[12:33] {jdetente} vxx and various similar etfs have been a consistent short all year
[12:33] {cipher} BIIB L .51
01[12:35] {Threei}  Invalidated
[12:36] {nemo} vrtx interesting spot
[12:40] {jdetente} HCA 1:1
[12:42] {nemo} vrtx good short against .10
[12:43] {nemo} except...indexes and aapl headed up...indexes probably get held up until aapl decides what it wants to do at 460
[12:46] {nemo} here comes IWM gap fill
[12:46] {jdetente} HCA 1:2
[12:46] {nemo} uninstalled IE10...was screwing with my system
[12:47] {Will49} rabbit distracted you
[12:47] {nemo} no
01[12:47] {Threei}  I haven't opened IE any single time ever since installing Win7
[12:47] {nemo} my system has been acting a bit screwy, so I default to investigating microsoft software
[12:47] {nemo} I only use it for Freestockcharts
01[12:48] {Threei}  Chrome
[12:48] {nemo} yeah, I have to kill chrome once or twice a day, silverlight has stability problems on it, no surprise, it's a microsuck product too
[12:49] {nemo} I'm very tempted to put Linux on my next box
01[12:49] {Threei}  if you have many tabs open, make sure you set Chrome to open with all tabs it had when closed
01[12:49] {Threei}  then you won;t have to reopen them one by one
[12:49] {nemo} wow volume coming into iwm
[12:53] {thomcbell} hca got 1:2
[12:53] {thomcbell} stopping last 1/4 40.03
01[12:55] {Threei}  how on earth did I forget about TNA .10 break
01[12:56] {Threei}  had it on a backburner
[12:56] {cipher} MELI S.88
[12:58] {nemo} Redux is dreaming, twitching
[12:59] {jdetente} needs to be nursed?
[13:00] {nemo} eats hard foods now, but was trying to nurse of of Bunny, she was verklemmt
[13:00] {jdetente} that must of been quite the scene
[13:01] {nemo} funny as hell
[13:01] {nemo} but poor Bunny is confused about her territory now
[13:01] {thomcbell} short setup jcp 16.78 break if holding 16.86
01[13:02] {Threei}  *(SI) MOODYS CUTS SLOVENIA SOVEREIGN RATING TO JUNK; cut two notches to Ba1 FROM Baa2; outlook remains negative- Moody's cites deterioration of Govt balance sheet and the state of the banking sector - Feels country faces undertain funding prospects and the increasing probability that it will need external assistance
01[13:02] {Threei}  heh
[13:04] {dino} shocking
[13:15] {cipher} FAST L .45
[13:16] {cipher} LBTYA L .32
[13:17] {cipher} VPRT L .45
[13:19] {cipher} out fast .65 +.20
[13:19] {thomcbell} jcp 1:1
01[13:23] {Threei} Short Setup: FCX  .95 break
01[13:23] {Threei}  If holds  30
[13:25] {cipher} out LBTYA .40 +.08
[13:28] {cipher} SPWR L .30
[13:37] {Les} C creeping closer to intraday low
[13:39] {Will49} out JCP..tks Tbell
[13:40] {Will49} shheeesh Tbell...don't take it so hard :)
[13:43] {jdetente} FCX valid again?
[13:45] {Will49} that question is above my pay grade
01[13:46] {Threei}  yes
[13:47] {jdetente} thanks Will...
[13:47] {Will49} :)
01[13:51] {Threei}  no
01[13:51] {Threei}  maybe
[13:52] {cipher} out SPWR .39 +.09
[14:05] {Les} spectacular drop from RIG this morning. closer to 51 for a short play into close maybew
[14:07] {cipher} splk l.02
[14:10] {cipher} FIRE L.07
[14:10] {jdetente} hmmm I guess FCX kinda got away
01[14:11] {Threei} Short Setup: GFX  .40 break
[14:11] {dino} nihd l .65
[14:11] {Les} that's gotta be GDX
01[14:11] {Threei}  sigh... yes
[14:14] {cipher} out FIRE .34 +.27
[14:14] {cipher} out SPLK .07 +.05
[14:16] {dino} out nihd .82, +.17
01[14:16] {Threei}  invalidated anyway
[14:17] {Les} short MON here vad?
[14:17] {Les} hl?
[14:17] {Les} h&s
01[14:17] {Threei}  yup
[14:21] {Les} HD .45 short holding .55?
01[14:21] {Threei}  can't tell
[14:22] {Les} well... ask it :)
[14:22] {Les} I swear we need a woman in this room
[14:23] {nemo} we have you
[14:23] {Will49} you mean another woman Les
[14:23] {dino} fire drop
[14:23] {Les} yeh straight on Nemo's head please dino
[14:25] {dino} fire l .34
[14:27] {dino} stop -.32
[14:27] {dino} rinsed
01[14:31] {Threei}  Upon hearing GPS agreeing with my wife, I swore off ever arguing with her again.
[14:31] {Will49} LOL
[14:33] {backman} wife....or gps?
01[14:33] {Threei}  both actually
[14:33] {nemo} vrtx
[14:34] {backman} dang, this GDX move rly has no volume in it....tempted
01[14:35] {Threei}  me too, waiting for a setup to form
01[14:35] {Threei} Short Setup: GDX  .60 break
01[14:35] {Threei}  If holds  .65
[14:36] {nemo} Hey Les, when were you in NH?  http://yhoo.it/YbDGmV
[14:36] {Les} no go MON
[14:37] {jdetente} life savings eh?
[14:37] {jdetente} haha
[14:37] {Les} his ego almost as big as yours Nemo
[14:37] {nemo} can't fix stupid
[14:38] {cipher} SPLK L.79
[14:38] {nemo} vrtx not ready to give up that level I guess
[14:40] {cipher} expe l .80
[14:40] {cipher} out EXPE .88
[14:41] {Will49} sweet
[14:42] {patel} hello
[14:42] {Will49} hey
01[14:43] {Threei}  hey patel
01[14:43] {Threei}  missed good morning...
[14:43] {patel} figured.
[14:43] {patel} atleast yall had a good morning.
01[14:43] {Threei}  not spectacular
01[14:44] {Threei}  (trying to make you feel better)
[14:44] {patel} yeah this morning would have been great
[14:45] {cipher} SPLK stopped .72 .-07
[14:48] {Les} notice GDX closed gap from yesterdays intraday low here
[14:48] {Les}  afternoon low
[14:49] {nemo} cat might be a short here
[14:50] {Les} GDX short .75?
[14:50] {Les}  holding .80?
01[14:50] {Threei}  yes
[14:50] {Les} watching slw for break of support here
01[14:51] {Threei}  same setup repeating itself at different peice levels, has to trigger at some point
[15:08] {jdetente} 1:1
[15:08] {Les} took some off at .666
[15:08] {Les} .66
01[15:08] {Threei}  has to be capable of 1:2
[15:08] {Les} first number be Nemo's skype handle
[15:09] {nemo} rubber crutch funny
01[15:11] {Threei}  [GM] Exec: not giving up on its Chevy Volt electric vehicle, despite losing money on every sale; will get cheaper to produce over time- Next generation of Volt will be $7-10K cheaper to produce.
[15:11] {Les} LOL sounds like a gold bug's investing strategy
[15:13] {Will49} even though we're losing money on every car, we're making it up on volume
[15:17] {Les} scalp scalp calp
01[15:23] {Threei} Long Setup:  FB  .75 break
01[15:23] {Threei}  If holds  .70
01[15:29] {Threei}  what on earth gave groupon an idea that I would want to go on Guided Himalayan Trek to Mount Everest Base Camp
[15:29] {Les} 100 sherpas beating up some european hikers I guess
[15:29] {Les} now no one wants to go
[15:29] {Les} groupon picks up on the cheap :)
[15:30] {Les} http://www.guardian.co.uk/world/2013/apr/30/everest-climbers-sherpa-mob-attack
[15:33] {Les} show me the link, I'll post Nemo one as a gift
01[15:34] {Threei}  half out FB
01[15:47] {Threei}  I guess 160 tomorrow for SPY
[15:48] {nemo} there's a ton of econ info coming out in the next 15 hours or so starting with China
[15:48] {nemo} 161 tomorrow ;-)
[15:48] {nemo} if the news is good
01[15:48] {Threei}  it will be mostly negative, and market will shake it off and go up
01[15:49] {Threei}  that's my version of the future
[15:49] {nemo} I see a bottle in your future
[15:51] {dino} fed tomorrow i think
01[15:51] {Threei}  yeah
01[15:51] {Threei}  non-event
[15:52] {nemo} be dead from 10:30 until then though
[15:56] {Will49} great day Vad...let's keep it rollin'(tomorrow)
01[15:56] {Threei}  thank you all
01[15:56] {Threei}  have a good evening
[15:56] {Les} cheers
[15:56] {jdetente} gn all
01[15:56] {Threei}  as always, we get them right back
01[15:56] {Threei}  see you tomorrow
[15:58] {patel} take care