Session Time: Wed May 01 00:00:00 2013
01[08:58] {Threei} morning patel
[08:58] {stevw} g'mornin
01[09:00] {Threei} stev :)
01[09:00] {Threei} *(US) APR ADP EMPLOYMENT CHANGE: +119K V +150KE (lowest since Sep 2012)- Prior ADP Employment Change revised lower from +158K to +131K
[09:01] {dino} gm & ugh
01[09:02] {Threei} dino :)
[09:02] {stevw} what's up dino?
[09:02] {dino} flipped fire afterhours for 2 bucks, thing is now up 5
[09:03] {dino} i got out at 49.62
[09:04] {stevw} what were you seeing - capitulation?
[09:04] {dino} yes hit 45's
[09:06] {Les} screw Nemo and good morning to the rest of ya
01[09:07] {Threei} how delightfully impolite
[09:08] {Les} not sure I got first insult in for the day, but I try
[09:08] {cipher} gm
[09:08] {Les} ya bunny still living Nemo?
01[09:10] {Threei} cipher :)
[09:10] {nemo} probably longer than you Les
[09:11] {Les} hehehe
[09:11] {Les} I'll take bunny off yer hands with a plate of polenta any time you want
[09:12] {jdetente} morning all
[09:12] {nemo} I'm thinking Fava beans and a chianti
01[09:12] {Threei} jd :)
[09:13] {Les} ugh green beans, that's like ... healthy crap. u can sell that to vad
[09:13] {Les} and the metals futures are lighting up
[09:18] {Les} risotto of summer black truffel mushrooms and rabbit fricasée...
[09:18] {Les} almost the season
[09:20] {thomcbell} can you freeze that and send it to nyc for me - :)
[09:20] {thomcbell} Les
[09:20] {stevw} hmm ... i don't recall this kind of stuff on the Market Muse Morning Tuneup cd
[09:21] {Will49} gm
[09:21] {Alexs} gm
[09:21] {Les} philistine tbell
[09:21] {Les} Italian cooking, straight off the pan and into the gullet
[09:21] {nemo} vxx could be tradeable today very liquid, likely to have range
01[09:21] {Threei} will, alex :)
01[09:22] {Threei} this is our newest approach, stec... pretend market doesn't exist
[09:22] {stevw} aah - sound more zen than tao
[09:24] {Les} still have fond memories of small family restaurant in Lecco in Italy, Grandma pumping out trolley after trolley of risotto, lasagne, spaghetti alle vongole... This is what Europe is about, not this frikin Euro BS
[09:25] {Les} Italy could be great again once it drops the single currnecy
03[09:25] * Retrieving #discussions modes...
[09:31] {backman} .
[09:32] {Les} can we stop pretending market doesn't exist now? :)
01[09:32] {Threei} Long Setup: GDX .35 break
01[09:33] {Threei} If holds .27
[09:34] {Les} vad 17 1.3 or 13 1.7 bb's?
01[09:35] {Threei} 13 1.7
[09:36] {Les} ty adding em in today
01[09:36] {Threei} 1 cent to 1:1
[09:36] {Les} misread you took .30 break half out
01[09:36] {Threei} trail stop to .29
01[09:37] {Threei} half out
01[09:37] {Threei} 1:1
[09:37] {RonS} gm...quite the troop these days :)
01[09:37] {Threei} stop to .34
01[09:38] {Threei} Ron!!
01[09:38] {Threei} welcome back!
[09:38] {cc_9} Good morning Fellas
01[09:38] {Threei} cc9 :)
[09:39] {RonS} ty...been slipping into old bad habits...time to come to Jesus ;)
[09:39] {Les} lol
01[09:39] {Threei} 1:2
[09:40] {Les} all out .57 from .33 ty
[09:40] {thomcbell} hig pivot test - will look for a long setup somewhere in here
[09:41] {jdetente} all out too. thanks Vad.
01[09:41] {Threei} :)
[09:41] {dino} rbc sm l .00 gappy
[09:42] {Will49} nice start...ty Vad
01[09:43] {Threei} yw
[09:46] {nemo} Hey Ron...nephew came home with another baby rabbit the other day
01[09:46] {Threei} Short Setup: SLW .90 break
[09:46] {RonS} ya, been reading the log...you're nuts with those things...
[09:46] {dino} rbc stop .65 -.35
[09:47] {nemo} nephew's fault
01[09:47] {Threei} he is nuts, period
[09:47] {nemo} Vad...remember, I'm an exorcist...which means not only can I take them out...I can put them in
[09:48] {Les} yeh, he's nuts
01[09:48] {Threei} good to know
[09:48] {Les} not HIS nuts, he's nuts
[09:48] {dino} ccg drop
[09:49] {nemo} obviously, Les is in need of my services.."Nuts"
[09:49] {Les} bout time you came over and said hello0
[09:49] {nemo} cat
[09:51] {patel} stop on SLW
[09:51] {dino} ccg sm l .99
[09:51] {patel} 24
01[09:51] {Threei} standard
01[09:51] {Threei} just above
[09:53] {thomcbell} long setup tyc 32.09 break if holding 32
[09:54] {nemo} mpc
01[09:54] {Threei} oh come on SLW, die already!
[09:54] {thomcbell} long setup hig 27.94 break if holding 27.86
[09:58] {Les} violence time for slw me thinks
[09:59] {cipher} TSLA L .70
[09:59] {cipher} out .87
[09:59] {Will49} SLW=SLOW
01[10:00] {Threei} quite uncharacteristically I might add
[10:00] {cipher} TITN L .06
01[10:00] {Threei} *(US) APR ISM MANUFACTURING: 50.7 V 50.6E; PRICES PAID: V 52.6E
01[10:00] {Threei} *(US) MAR CONSTRUCTION SPENDING M/M: -1.7% V 0.6%E
[10:01] {dino} ipgp
[10:01] {dino} sm l .90 pulp
[10:01] {cipher} ntap l.76
01[10:02] {Threei} Short Setup: GDX .60 break
01[10:02] {Threei} If holds .65
[10:03] {cipher} out NTAP .90 +.14
[10:04] {nemo} got resistance at .70 Vad
[10:06] {dino} rbc .00 trig
[10:07] {stevw} short setup on C?
[10:08] {Les} spy touched 160 premarket back to 159 bounce time if ever
01[10:08] {Threei} was at 46
[10:08] {thomcbell} hig out
[10:09] {stevw} yup, too late
[10:09] {cipher} sgen l .08
01[10:09] {Threei} SPY shoud lose 159 now
01[10:09] {Threei} flash down, and then bounce
[10:10] {dino} out ipgp .44, +.54
01[10:10] {Threei} come on, what's with this struggle
01[10:11] {Threei} things shouldn't be this slow this early
[10:11] {stevw} battle for 42 in TNA
[10:11] {Les} if only the market knew the dark side of the force
[10:11] {dino} fed day
[10:11] {thomcbell} kors curiously strong - chart was settin gup in multiple time frames
[10:12] {Les} canning GDX .53 +.05 holding slw
01[10:13] {Threei} GDX 1:1, finally
[10:14] {Les} nice candle IWM
[10:14] {Les} daily
01[10:15] {Threei} half out SLW
[10:15] {cipher} uthr l .95
01[10:15] {Threei} stop to .95
01[10:17] {Threei} I didn't sign up for being so patient at such early time
01[10:17] {Threei} SLW 1:1, double finally
01[10:17] {Threei} GDX 1:2
01[10:17] {Threei} OK, patience is still a virtue
[10:18] {Les} story of my life, or lack of
01[10:18] {Threei} I don't know why you are in such a hurry
01[10:18] {Threei} let them work
01[10:18] {Threei} vu wei
01[10:18] {Threei} there is natural flow of things, don't meddle
[10:18] {Les} is that austrian?
[10:19] {nemo} FrankenLes
[10:20] {Les} I know I have to get greedier on the good days, but after the last few days happy to collar them quicker
01[10:21] {Threei} for those who still haven't read A Taoist Trader,
01[10:21] {Threei} One of Taoism�s most important concepts is wu wei, which is sometimes translated as �non-doing� or �non-action.� A better way to think of it, however, is as a paradoxical �Action of non-action.� Wu wei refers to the cultivation of a state of being in which our actions are quite effortlessly in alignment with the ebb and flow of the elemental cycles of the natural world. It is a kind of �going with the flow� that is characterized by great ease and awake-ness, in which - without even trying - we�re able to respond perfectly to whatever situations arise.
[10:21] {cipher} VCLK L.67
[10:24] {nemo} fdx
01[10:25] {Threei} Short Setup: CAT .50 break hl
01[10:25] {Threei} If holds .60
[10:27] {Les} RIG 51 short might be a setup
[10:27] {Les} if it drops
01[10:27] {Threei} 1:1
01[10:29] {Threei} 1:2, out
[10:29] {Les} me 2 ty
[10:30] {patel} wow man
[10:30] {patel} just lost internet while in middle of the CAT trade.
[10:30] {jdetente} yikes
[10:30] {patel} had to call my broker to close my trade.
[10:30] {jdetente} that happened to me a couple of weeks ago..no fun
[10:30] {patel} oh yeah its no fun.
[10:31] {patel} Good thing CAT was in my direction
[10:31] {jdetente} switched to my smart phone to close the trade. lol
01[10:31] {Threei} yeah
[10:31] {patel} anyways out +.20
[10:31] {patel} thanks Vad
01[10:31] {Threei} sure thing
[10:31] {Will49} nice on Cat tks...out a bit early
[10:32] {cipher} out UTHR .17 +.22
[10:32] {Les} fusion just did an auto reconnect on me so perhaps not just local to patel
[10:33] {patel} Les, I lost everything
[10:33] {patel} internet, phone
[10:33] {patel} and I am on DAS trader.
[10:33] {nemo} that was me Les
01[10:33] {Threei} lol
[10:34] {stevw} watching TNA for a setup - can't figure it out yet
[10:34] {nemo} o.k. bellbutton cleaning time until Bennie
[10:35] {nemo} this low on IWM is the new monthly pivot as of last night.
01[10:35] {Threei} I don't see anything clear on TNA yet, stev
[10:36] {dino} agn drop
[10:36] {Les} miners have almost stopped trading
[10:36] {Les} might argue inverted cup and handle here on GDX
[10:37] {Les} or H&S
[10:37] {dino} agn sm l .80 pulp
[10:41] {cipher} out VCLK .86 +.19
[10:42] {dino} out agn .30, +.50
[10:44] {cipher} wtg
[10:44] {cipher} I only got .+30
[10:45] {dino} elli sm l .45
[10:45] {dino} lol cipher
[10:45] {dino} ccg to .15
[10:46] {dino} out ccg +.15
[10:47] {nemo} whoa, bids pulled in ffiv
[10:48] {dino} thg gap fill
[10:49] {cipher} thg l.12
[10:49] {dino} sm l .12
[10:49] {dino} huge beat yesterday
[10:53] {backman} GDX..on the way to new lows?
[10:53] {dino} maybe so
[10:53] {thomcbell} ctrying to double bottom
[10:55] {cipher} MEOH L .97
[10:55] {Will49} looks like Fed news leaked early again
01[10:55] {Threei} hard to tell, GDX
[10:56] {Les} that'd be shocking will
01[10:56] {Threei} activity dies down for Fed
[10:58] {nemo} fdx
[10:58] {nemo} drop of .90, but got a whack-a-mole feel about it
[11:00] {backman} GDX had big breakout above .40 yesterday...fwiw
[11:00] {dino} stop thg .92 -.20
[11:03] {cc_9} IWM/TNA weaker than overall market
[11:03] {cc_9} already back to lows
[11:04] {dino} 07 green
[11:04] {nemo} yeah, low is new montly pivot, 50 sma just below around .50ish, weekly pivot 92.20
01[11:04] {Threei} Long Setup: TNA .70 break hl
[11:04] {nemo} fat finger stop hunt on fdx, likely means lower
01[11:04] {Threei} If holds .60
[11:04] {dino} thg rinse
[11:05] {backman} tna 2 waa?
[11:06] {dino} agn drop
01[11:06] {Threei} I don't think you can short TNA
[11:06] {nemo} short iwm
[11:06] {dino} halt/
01[11:08] {Threei} AGN US appeals court affirms in part and reverses in part case against Watson, Novartis
01[11:08] {Threei} AGN Exec: Darpin eye drug phase 2 data does not support taking it directly to Phase 3 trial - conf call comments
01[11:09] {Threei} 1:1
01[11:09] {Threei} 1:2
[11:09] {Les} sweet. ty
01[11:09] {Threei} yw
[11:10] {patel} THANK YOU
[11:10] {patel} sorry about hte caps
01[11:10] {Threei} :)
[11:10] {jdetente} good trading. Thanks Vad.
06[11:10] * Les SLAPS PATEL FOR BAD ETTIQUETTE
01[11:10] {Threei} welcome guys... 5:5 so far
01[11:11] {Threei} with 7:8 yesterday, I think we slapped them back good for Monday
[11:12] {Will49} your mojo workin'
[11:12] {cipher} HMIN L.47
[11:12] {Will49} have no idea what a "mojo" is
[11:12] {Les} AUS/USD getting closer to break 36 mth range. could be bye bye to commodity wealth for aussies soon
[11:13] {Les} could be signalling
01[11:14] {Threei} have to ask Austin Powers, will
[11:14] {Will49} :)
[11:15] {Will49} Mojo may refer to: Mojo (African American culture), a magical charm bag used in hoodoo.
[11:15] {Les} http://www.youtube.com/watch?v=a6Acigj8isc
01[11:16] {Threei} lol
[11:17] {Will49} LOL
[11:17] {cipher} BSFT L.87
01[11:17] {Threei} no questions remain unanswered for too long here, eh will? :)
[11:17] {Will49} What the h**** did we do before the internet?
01[11:17] {Threei} there was "before the internet"?
[11:18] {Les} 20 years old, yeh
[11:18] {backman} like when porn was on paper?
[11:19] {Will49} what is porn?
[11:19] {Les} didn't take em long to get internet out of physicists room and into porn yeh
01[11:19] {Threei} what is paper?
[11:19] {Will49} haha
[11:19] {Les} got shelves of it surrounding me
01[11:19] {Threei} porn?
[11:19] {Les} hehhehe paper
[11:19] {nemo} got there first
[11:19] {Will49} toilet paper?
[11:19] {RonS} BREAKING: Three suspects in custody in Boston Marathon bombing: Boston police
[11:20] {Les} not ready for tablet reading yet
01[11:20] {Threei} (US) Boston police indicate that they have taken 3 additional suspects in to custody related to the investigation into the Boston Marathon bombing
[11:21] {cipher} THG stopped .99 -.13
[11:24] {patel} FCX short under 30
[11:24] {Will49} waht time is Fed news expected?
[11:24] {Will49} what
01[11:25] {Threei} way too narrow, patel
[11:25] {nemo} 2:15
01[11:25] {Threei} will hold you hostage for hours
[11:25] {Will49} tks nemo
[11:26] {nemo} EXPE
[11:26] {backman} cat approaching new low
[11:26] {nemo} frickin' dis
01[11:33] {Threei} suspects arrested are college students
01[11:33] {Threei} I say close the colleges
[11:35] {backman} yah...we need more uninformed traders
[11:37] {jdetente} going to college makes you uninformed...
[11:37] {jdetente} un-informed that is hehe
01[11:37] {Threei} uniformly uninformed
[11:37] {cipher} SODA L .87
[11:38] {ese} mornin ladies and gents.....just poppin in for a few minutes from Memphis Tenn
[11:38] {ese} how the hell are ya
01[11:38] {Threei} hey ese!
[11:38] {ese} vad
01[11:38] {Threei} we are good
[11:39] {ese} so are we......and we made Canadian Music history here
[11:39] {backman} FCX breaking down with gdx
[11:39] {cc_9} TNA getting boring
01[11:39] {Threei} when are you back?
[11:39] {ese} first band from canada to play at stax to the max festival
[11:39] {ese} next week
[11:40] {Will49} congrats ese
[11:40] {Will49} wouldn't have happened without you
[11:41] {ese} the founder of stax Al Bell came back stage after our show in tears.....this is the man that signed Isaac Hayes, the Staple Singers,,Ottis Redding, Wilson Picket.......he loved us and might be signing one of the girls
[11:41] {Will49} excellent
[11:42] {ese} it's awesome down here........maybe the friendliest people on the planet
[11:42] {ese} especially in the Soulsville community
[11:42] {ese} am off to the civil rights museum....cya next week
[11:43] {ese} take care
01[11:43] {Threei} have fun
[11:43] {Will49} peace
[11:43] {ese} tks vad will
[11:44] {patel} fcx
[11:44] {patel} sorry
[11:47] {cc_9} TNA cliff dive
[11:55] {dino} azpn drop
[11:55] {dino} sm l .97
[12:01] {dino} out azpn .57, +.60
[12:02] {dino} taking break
01[12:02] {Threei} wtg
[12:11] {RonS} 6in of snow here since 6 am...more 'til morning :P
[12:12] {dino} that sucks ron
01[12:13] {Threei} wow
01[12:13] {Threei} in May
[12:14] {dino} you're breaking snow and cold records aren't you/
01[12:14] {Threei} global warming decided to skip most of the globe
[12:15] {dino} in ne pa we broke most consecqutive days below 10 f, frpm the 1940s
[12:16] {Les} back for close a+
[12:17] {thomcbell} long setup kors 57.10 break if holding 56.99
[12:20] {Will49} Ron, where are you?
[12:20] {RonS} Denver CO
[12:21] {Will49} Wow, that is surprising
[12:21] {Will49} in the mountains?
[12:21] {RonS} no
[12:21] {Will49} egads
[12:21] {Will49} as they say on Downton Abbey
[12:24] {cc_9} KBH looks good here for 21.97 s/l
[12:28] {patel} This internet issue is really annoying.
[12:28] {patel} Was just told by Comcast it will be fixed by 3:25 pm
01[12:28] {Threei} wow, such precision
[12:42] {cipher} ADSK L .56
[12:43] {cipher} EVEP L.85
[12:46] {cipher} CSTR L.04
[12:47] {thomcbell} cstr intresting righ tnear 200sma
[12:49] {cipher} ADSK stoped .52 -.04
[12:57] {cipher} out EVEP .05 +.20
[13:08] {cipher} IBM L.26
[13:08] {stevw} didn't miss much by going to the gym for the last hour, did I!
01[13:08] {Threei} not at all
01[13:08] {Threei} unless you count hearing loud snoring as a miss
[13:08] {dino} elli sm l .95
[13:12] {backman} TNA bounce?
[13:12] {stevw} maybe BBRY will soon stop doing what it's been doing
01[13:13] {Threei} TNA doesn't look ready yet
01[13:13] {Threei} you mean sucking, stev?
01[13:13] {Threei} I doubt it :)
[13:13] {stevw} hey, you're not making fun of a local company, are you?
[13:14] {stevw} (local to me)
01[13:14] {Threei} one of privileges og libing on island, you don't view the mainland as local :)
01[13:14] {Threei} of living
[13:15] {stevw} i don't say there's a smart trade coming up, but that seems to be a narrowing triangle that will break one way or another soon
01[13:15] {Threei} it needs some new catalyst for activity, became too narrow and boring lately
[13:16] {cipher} out IBM .56 +.30
[13:19] {dino} gj
[13:20] {cipher} ty
[13:23] {cc_9} TNA is trading as if it kidnapped someone, still hanging around in the basement.
[13:24] {stevw} the selling seems to have abated, though
[13:24] {cc_9} 3pt drop on the day, jeez
[13:24] {cc_9} thats what i thought before it got clubbed another .60
[13:24] {cipher} INCY L .50
[13:24] {cc_9} VIX is not even that high today, sitting tight on KBH long for now
[13:38] {cipher} out INCY .55
[13:49] {dino} bofi drop thin
[13:50] {dino} sm l .84 ave
[13:51] {cc_9} TNA more death geez
[13:51] {cc_9} KBH got stopped
[13:51] {dino} watch tna off of fed
[13:51] {dino} tlt too
[13:56] {cipher} JBHT L.20
[13:57] {nemo} algo's should be pulling liquidity
01[14:00] {Threei} *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): WILL CONTINUE TO PURCHASE LONG TERM TREASURIES AT $45B/MONTH AND $40B/MONTH IN MBS- Vote 11-1 (dissenter Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.)
[14:00] {cc_9} good call dino
[14:02] {cc_9} welp, that was short lived.
[14:02] {Will49} same old, same old
[14:02] {cipher} out JBHT .30 +.10
[14:03] {cc_9} it ain't nuffin' but a reptilian thang
[14:05] {dino} tna sm l .20
[14:05] {dino} angi drop
[14:05] {dino} sm l .15
[14:06] {RonS} citron research commenting on angi accting
[14:09] {dino} out angi .55, +.40
[14:09] {nemo} 0 of 9 is off his meds
[14:09] {dino} ty ron
[14:10] {nemo} ron dcc
[14:11] {dino} big gap angi 20.40 range last week
[14:11] {dino} out tna flat
01[14:12] {Threei} Telegraph: Franco-German axis that drove EU affairs since 1950s is "collapsing before our eyes"
[14:13] {nemo} Hope they invade France again
01[14:14] {Threei} I heard France capitulated to North Korea recently, just in case
[14:15] {nemo} hfc looks short
01[14:15] {Threei} Court papers: Two defendants destroyed and concealed bombing suspect Tsarnaev's backpack, laptop
[14:15] {dino} tna sm l .05
[14:17] {dino} out bofi .14, +.30
[14:18] {dino} angi sm l .01
[14:20] {dino} out tna .35, +.30
[14:26] {dino} out angi .35, +.34
[14:33] {dino} angi sm l .02
[14:34] {dino} stop is .79
01[14:35] {Threei} watching GDX for bounce to short
[14:35] {nemo} fFiv looking short
01[14:38] {Threei} Short Setup: GDX .80 break
01[14:38] {Threei} If holds .85
[14:41] {dino} tna sm l .01
[14:42] {dino} angi sm l .55
[14:42] {dino} stop is .48
01[14:47] {Threei} no go
[14:49] {dino} out angi .05, +.50
[14:49] {cipher} wtg
[14:49] {dino} ty
[14:50] {dino} imo, rally starting
01[14:52] {Threei} Long Setup: TNA .10 break
01[14:52] {Threei} If holds 41
01[14:52] {Threei} target 1:4
01[14:55] {Threei} 159 SPY break should set it free
[14:59] {cipher} CLMT L.01
01[15:00] {Threei} grrr
01[15:01] {Threei} not getting after-FOMC mood right
[15:02] {backman} buy break of 41....tight stop?
01[15:02] {Threei} this is not a valid swtup, this is guess
[15:03] {backman} how totall out of character for me
[15:09] {jdetente} alright fellas calling it a day. Catch ya tomorrow...
[15:09] {jdetente} thanks for the trading ideas Vad
01[15:09] {Threei} sure thing
[15:14] {Les} Where is the play and what is my part?
[15:15] {Les} what we in?
[15:15] {backman} u are the jester...keep smiling
01[15:15] {Threei} nothing right now
06[15:15] * Les smacks backman for speaking the truth
[15:16] {backman} thank u sir...may i have another?
06[15:16] * Les obliges bman with another 4x2
[15:21] {Les} http://tinyurl.com/boncfdt
[15:23] {Les} surprisingly enjoyable film still after 15 years
[15:23] {Les} miners caving in
[15:26] {Les} VMW interesting, but not yet a setup
[15:27] {Les} PVH short 1115?
[15:27] {Les} 115 hl?
[15:28] {Les} spread is large
01[15:28] {Threei} yeah
[15:29] {Les} GMCR just left the gate from 57
[15:30] {Les} and just like PVH, not selling off in a hurry
[15:31] {Les} impression that its just the index ETF's being pushed lower
[15:34] {Les} benny have anything worth hearing today?
[15:34] {Les} say
01[15:37] {Threei} not really
[15:37] {Les} nothing new to feed the bulls?
[15:37] {Les} ...the addicts
01[15:38] {Threei} "we will increase or decrease depending on decreasing or increasing"
01[15:39] {Threei} "getting better but more work to do and risks remain"
01[15:39] {Threei} ese would not be happy with ben
[15:39] {Les} yeh sounds like he's laying ground work for his happy ever after biography
01[15:40] {Threei} just wait for Ben's successor... you will miss ben
[15:41] {cipher} CLMT stopped -.10
01[15:51] {Threei} ok guys, thank you all
01[15:51] {Threei} have a good evening, see you tomorrow
[15:51] {Les} cheers
[15:53] {dino} gn all
[16:00] {backman} tu
