Monday, June 10, 2013

June 10 2013

A few nice plays, particularly IWM 1:4 catch, but overall, a lot of rinses, shakeouts and invalidations that left us in the red. See-saw Monday.

Session Time: Mon Jun 10 00:00:00 2013

[08:37] {nemo} Always look on the bright side of life...dada...dada...dadadadadada
[08:49] {nemo} UPRO split so will likely be more liquid to trade
[08:50] {dino} gm
01[08:50] {&Threei}  morning dino
[08:55] {nemo} dino, plug the market back in, will you
[08:56] {+cc_9} Morning gents
[08:56] {nemo} see they split UPRO 9?
[08:58] {stevw} nemo, i thought your line from that song would be "life's a piece of s**t, when you look at it"
[08:59] {nemo} I step out of character on occasion
[09:00] {stevw} no problem, we still have some crosses left
01[09:00] {&Threei}  cc9, stev :)
[09:00] {jdetente} Good morning...
01[09:00] {&Threei}  jd :)
[09:02] {nemo} Yes the Crack Suicide Cross of The People's Front of Judea, or was that the Judean People's Front?
[09:02] {stevw} serious question - what the heck is that premarket spread in GIL?
[09:02] {stevw} absolutely love the political and religious satire!!
[09:02] {nemo} why look?
[09:03] {stevw} i'm just curious how you get a $4.31 bid against a $44 offer
[09:03] {stevw} i accidentally typed the ticker symbol, actually
[09:04] {cipher} gm
01[09:04] {&Threei}  cipher :)
[09:08] {stevw} btw, i have a public service announcement for all canadians on the board
01[09:08] {&Threei}  loonie is no more?
[09:09] {stevw} no such luck - it's about my banking woes from last week
[09:09] {stevw} TD bank accidentally attached my ex-wife's account to my ATM card, 10 years after we had separated
01[09:09] {&Threei}  wow
[09:09] {stevw} my ATM deposits and withdrawals were going through her chequing account not mine
[09:10] {nemo} Can you sit down without pain?
[09:10] {stevw} and they say they're only responsible for things I catch within 30 days
[09:10] {nemo} talk to a lawyer
[09:10] {stevw} they're not responsible for what they did if it's older than 30 days
01[09:10] {&Threei}  that's pure unadeltered bs
[09:10] {_epach} morning
01[09:11] {&Threei}  morning epach
[09:11] {nemo} tardes
01[09:11] {&Threei}  they charged me for an account that turned out to be under their condition to be free, for about 7 years
[09:11] {stevw} i'll get it sorted somehow, but it's an alert to be vigilant with your banking records even or especially in this electronic age
01[09:11] {&Threei}  I phoned, asked to rfeturn the money
01[09:11] {&Threei}  they gave me this 30 days bs,
01[09:11] {&Threei}  I politely asked:
[09:12] {Alexs} gm
01[09:13] {&Threei}  do you mean to tell me that by your rules if I don't catch your error in time, my money somehow become yours, and you can dance "slipped one by him" dance? Us that what I quote on social medias, paper etc?
01[09:13] {&Threei}  alex :)
01[09:13] {&Threei}  she said "I'll be back with you in 2 min"
[09:13] {stevw} don't you love how they assume all the power and authority, but bugger all responsibility
01[09:14] {&Threei}  and returned advicing me in exctited tone that they reimburse whole 15 years of 14.99 monthly fee
[09:14] {_richa} If it would have been the other way around they would go back and correct it
[09:14] {stevw} rest assured i'll be having that type of discussion with the branch manager as a next step
01[09:14] {&Threei}  they did so within 1 hour
[09:15] {Will49} gm
01[09:15] {&Threei}  will :)
[09:15] {dino} gl stevw
[09:16] {jdetente} that's quite a quick change of tone on their part Vad. Scared the hell out of them I bet
[09:17] {backman} gm
01[09:17] {&Threei}  I geared up for a long battle with all levels of reps and supervisors
01[09:17] {&Threei}  bman :)
[09:17] {stevw} i need to adopt a russian accent and a beard maybe
01[09:17] {&Threei}  lol
[09:17] {jdetente} don't forget the pipe
01[09:17] {&Threei}  it was during that royal bank fiasco btw...
[09:17] {stevw} mmm, maybe not the pipe for the effect needed
[09:17] {Les} ...speaking of fiascos
01[09:17] {&Threei}  maybe they all were under strict "don't irritate clients" order
[09:17] {Les} good morning
01[09:18] {&Threei}  les :)
[09:18] {stevw} interesting entrance, les
[09:18] {robbers} I had the same situation, Vad, with SunTrust Bank and they reimbursed me.  But I had to get tough with them, LOL.
[09:18] {stevw} did you use your nickname?
01[09:18] {&Threei}  rofl!
[09:19] {robbers} LOL.  No, they wouldn't have done it in that case.  Very funny.
[09:19] {Will49} good one stev
[09:20] {stevw} i have my moments - but that's probably used up my wit for the rest of the day
01[09:20] {&Threei}  happens to me rgularly, and I switch to using nemo's
01[09:20] {&Threei}  that's why he looks so witless sometimes
01[09:21] {&Threei}  epach, look private message please
[09:22] {RonS} hello everyone
[09:22] {Les} speaking of witless, where is he?
[09:22] {Les} not you Ron
01[09:22] {&Threei}  ron :)
[09:23] {dptl} gm
01[09:23] {&Threei}  dp :)
[09:23] {RonS} Les, witless protection program?
[09:23] {ese} gm
[09:23] {Will49} lol
01[09:23] {&Threei}  ese :)
[09:24] {Les} hehe
[09:25] {_epach} yes
01[09:34] {&Threei} Long Setup:  FCX  .50 break
[09:35] {Les} lol was analysing this one didn't wanna bug ya
[09:36] {Les} GDX testing fridays low
01[09:38] {&Threei}  slow open
01[09:38] {&Threei}  ok FCX
01[09:38] {&Threei}  let's break and make our first winner
[09:38] {robbers} Stocks are afraid we'll ask for a refund if we have a losing trade.
01[09:38] {&Threei}  stop under the low
01[09:39] {&Threei}  meh
01[09:42] {&Threei} Short Setup: GDX  .70 break
01[09:42] {&Threei}  If holds  .80 
[09:42] {nemo} spy iwm at pivot
01[09:43] {&Threei}  let's trail to .76
01[09:43] {&Threei}  too slow to read confidently
01[09:44] {&Threei}  out
01[09:46] {&Threei} Long Setup:  IWM  .90 break
01[09:46] {&Threei}  If holds  .80 
01[09:47] {&Threei}  1:1
01[09:48] {&Threei} Short Setup: INTC  .90 break
01[09:48] {&Threei}  If holds  .96 
01[09:51] {&Threei}  frikin IWM 1:2
[09:51] {Les} used TNA, didn't even make .15 for 1:1
[09:52] {Les} watching if indexes return for vwap rejection wyckoff day
01[09:52] {&Threei}  FCX rinsed
01[09:53] {&Threei}  fuzzy morning so far
[09:53] {nemo} Wycking off again Les?
[09:53] {Les} always
[09:53] {jdetente} Come on INTC reject .96 like Les at a pyjama party
01[09:54] {&Threei}  ok INTC... die
[09:54] {nemo} right...your married...forgot
01[09:54] {&Threei}  3 tries, can't break... must die
[09:54] {Les} :)
01[09:54] {&Threei}  sacre blu
01[09:58] {&Threei} Long Setup:  SBUC  .90 break hl
[09:58] {dino} irm sm l .99
01[09:58] {&Threei}  SBUX
[09:58] {Les} sbux
01[09:58] {&Threei}  If holds  .80 
[09:59] {ese} L aria .01
01[10:00] {&Threei}  what the deuce
[10:01] {jdetente} news?
01[10:01] {&Threei}  (US) Conference Board May Employment Trends: 0.6% to 111.8 v 111.1 prior
01[10:01] {&Threei}  the only thing I see
[10:03] {robbers} I think Bullard from the FED spoke, but not sure.
01[10:03] {&Threei}  yes but he said nothing resolute
01[10:03] {&Threei}  repetition of all "one side, on another side"
01[10:04] {&Threei}  (US) Fed's Bullard (moderate, FOMC voter): Weak inflation data could possibly argue for prolonging QE asset purchases; monetary policy is being buffeted by better growth and weaker inflation- Labor market has been improving since summer 2012. - Inflation is low due to soft commodity prices, weaker European and China economic growth. - US economic growth has not been spectacular. - There are few signs that Fed monetary policy moves are unsettling financial markets.
[10:04] {robbers} Sounds like Greenspan.  Greenspeak.
[10:05] {backman} short FB .22
01[10:05] {&Threei} Long Setup:  IWM  .95 break
01[10:05] {&Threei}  If holds  .85 
01[10:07] {&Threei}  no go SBUX
[10:07] {Les} I shorted it
[10:07] {jdetente} no one likes a contrarian
[10:07] {jdetente} hehe
[10:08] {Les} nah trying out a 3 strikes policy here today
[10:08] {_richa} Why was SBUX a no go I broke .90
[10:08] {jdetente} lol
[10:08] {jdetente} Vad you may need to smack Les with 2 x 4
01[10:08] {&Threei}  code for stopped
[10:08] {Les} VAd strikes out 3 times I go into autistic mode
[10:09] {Les} telling me its a no read day so far
[10:09] {backman} out fb...-.07
[10:09] {_richa} ok got it
[10:09] {Les} hoping intc can help me dig my way out here
[10:10] {Les} depends on IWM here
[10:10] {nemo} they may try to push the finnies down to pivot
[10:11] {Les} quarter sbux 1:2
01[10:11] {&Threei}  ok market... double bottom?
[10:12] {Les} dropped some INTC risk at flat
[10:12] {jdetente} held for a wider stop Les?
[10:12] {jdetente} broke our stop earlier
01[10:13] {&Threei}  if SPY finally found legs, IWM should be good for 1:4
[10:14] {Will49} if the queen had balls she'd be king
[10:14] {Will49} :)
01[10:14] {&Threei}  stop to .89
01[10:15] {&Threei}  1:1
01[10:15] {&Threei}  to .94
[10:17] {Les} after fcx jd gave it a little lattitude pivot resistance is .98
01[10:17] {&Threei}  break .60, SPY
01[10:18] {&Threei}  and launch real bounce
01[10:18] {&Threei}  1:2
01[10:18] {&Threei}  stop to .99
01[10:19] {&Threei}  giving it just a tad more breathing room than usually
01[10:19] {&Threei}  want that 1:4
01[10:21] {&Threei}  1:3
[10:21] {robbers} Fully out IWM, thanks Vad.
01[10:21] {&Threei}  frikin GDX... formed double top with .20 short trigger but market was so unclear at the moment
01[10:21] {&Threei}  yw
01[10:22] {&Threei}  was exactly the kind I like, with .25 stop
[10:22] {dino} dhi sm l .70
01[10:22] {&Threei}  stop .14 for the last piece IWM
[10:25] {Les} GDX vwap at the round numbersee if holds
01[10:25] {&Threei}  to .19
01[10:25] {&Threei}  1:4
01[10:25] {&Threei}  out
01[10:25] {&Threei}  that's better
[10:25] {Les} well done. not in it
01[10:26] {&Threei}  preactically erased the stops before it
[10:27] {Les} putting a 3rd trading screen togethor now. Am loathe to change charts while in a trade so had to forego that long
[10:28] {Les} last piece sbux stopped flat
[10:34] {ese} dino.....have you checked out IRM
[10:34] {Les} Brandt pointed out that AAPL could be putting in bottoming inverted H&S, similar to 2009. Could be what is driving INTC and the tech sector as a whole
[10:36] {RonS} ese, IRM who is planning to convert to a hit when the IRS said the were scrutinizing another company's plan for a reit conversion...
[10:36] {ese} ahhhh......tks ron
[10:37] {Les} indexes getting ahead of themselves
[10:37] {ese} a litle over done though
[10:38] {Les} potential kangaroo tail spy if reversal here
01[10:38] {&Threei}  IWM, 1:6... grr
[10:39] {dino} ese yes, in irm .99
[10:40] {dino} ese, eqix, lamr say situation
[10:40] {+cc_9} Not gloating, at all }}
[10:41] {Les} buy the f'in dip
[10:41] {ese} I'm with ya .00 L irm
[10:42] {+cc_9} that's all there is to is Les
[10:46] {dino} clir spike
[10:46] {Les} intc stopped .02
[10:47] {ese} L some more irm avg .95
[10:50] {Les} cc_9 dcc svp
01[10:50] {&Threei} Short Setup: GLD  .70 break hl
01[10:50] {&Threei}  If holds  .80 
[10:52] {Les} spy ptoential DT
[10:52] {Les} .15
[10:52] {ese} L some more irm avg .97
01[10:53] {&Threei}  changer to .80 break
01[10:53] {&Threei}  If holds  .86 
[10:54] {dino} lamr sm l .01
01[10:54] {&Threei}  change to .85 break
01[10:54] {&Threei}  If holds  .90 
[10:54] {jdetente} nope
[10:55] {jdetente} well almost
01[10:55] {&Threei}  still valid
01[10:55] {&Threei}  stop .92
[10:56] {Les} DT works on spy
[10:57] {backman} GDX on high
[10:58] {Les} nice topping vol GDX
[11:00] {dino} geos drop
01[11:00] {&Threei}  1:1
[11:01] {Les} ptoential cup and handle forming iwm
[11:03] {ese} in irm
[11:03] {RonS} yes...   .00
[11:04] {ese} sm or large
[11:05] {ese} tossing the idea around of doubling my position here
[11:05] {ese} i like the way it's acting
[11:08] {ese} dino see phil Micklesons' shot on 18 at Memphis yesterday......damn near holed out to tie the lead....exciting man that
[11:08] {dino} missed it, yard worl day
[11:08] {dino} work
[11:09] {ese} same.....managed to catch last 5 holes or so
[11:09] {dino} played 18 in the a.m., 12 over
[11:10] {ese} nice...sounds like you and have the same cap.....mines 11 and getting worse
[11:10] {dino} inc. 2 ob's
[11:10] {ese} whoa.....that is good
[11:10] {dino} bought son's burner irons, but going to switch bac to cobra. burners seem shorter distance/club
[11:11] {ese} i'm playing cobra's also
[11:11] {dino} i had been since late 90s, but sone wanted upgrade, so...
[11:12] {ese} nice of you to accomodate dad
[11:12] {dino} funny how that happens
[11:13] {ese} indeed
[11:13] {dino} geos sm l .17 a
[11:15] {dino} lamr stop .69, -.32
01[11:18] {&Threei} Long Setup:  JPM  .60 break
01[11:18] {&Threei}  If holds  .55 
01[11:21] {&Threei}  Invalidated  
[11:27] {Les} JPM vwap is here
01[11:28] {&Threei}  God ‏@TheTweetOfGod 5m
01[11:28] {&Threei}  Even on the first day of Creation I remember thinking to Myself, "I hate Mondays".
01[11:28] {&Threei}  lol
[11:28] {jdetente} nice haha
[11:28] {nemo} he comes up with some good ones
01[11:28] {&Threei}  yup
[11:30] {dino} stop geos
[11:31] {dino} tlk sm l .27 ave
01[11:34] {&Threei} Long Setup:  JPM  .35 break
01[11:34] {&Threei}  If holds  .30 
[11:39] {Les} scalped C for .10 will take more if it DBs
[11:39] {Les} ty for entry idea
[11:41] {RonS} tlk hq Bandung Indonesia...must be Indonesian for "no shit"...
01[11:41] {&Threei}  lol
[11:41] {Les} spy
[11:41] {Les} sorry
01[11:47] {&Threei}  1:1is close enough, half out
[11:47] {dino} out dhi .10, +.40
01[11:47] {&Threei}  wtg
01[11:48] {&Threei}  btw guys, who is looking to bbq perfect steak, bookmark this... best I've ever made:
[11:50] {jdetente} now I need lunch
[11:50] {jdetente} looks awesome
01[11:50] {&Threei}  tastes beyond belief
01[11:50] {&Threei}  you don't have to read the whole enchilada, just the descriptive step-by-step blurb on the right
01[11:51] {&Threei}  but pay attention to the details, none of them in insignificant
01[11:53] {&Threei} Long Setup:  GDX  .40 break
01[11:54] {&Threei}  If holds  .33 
[11:56] {jdetente} I'll say it. meh
[12:02] {Les} was gonna throw the old gas bbq away for a new one. yer suggesting cooking with coal is the way to go?
[12:03] {nemo} yes Les, in a small shed with no windows and the door closed
[12:03] {RonS} ...and a gas can nearby?
[12:03] {Les} might wanna put a disclaimer on that advice dude
01[12:03] {&Threei}  I have both
01[12:03] {&Threei}  hourses for courses
[12:08] {jdetente} so Vad...why do they not rest the steaks?
[12:08] {jdetente} I've been programmed to rest after cooking...
[12:08] {robbers} I've been programmed to eat after cooking.
01[12:08] {&Threei}  rest is needed for big cuts of meat, for the juices to come back from center to the outer layers
[12:09] {Les} I do the opposite. sear it for colour and finish in oven
01[12:09] {&Threei}  in steak, there is not enough thickness for that
[12:09] {jdetente} ahh
[12:10] {Les} inverted cupa nd handle JPM
01[12:11] {&Threei}  according to the page I posted, that's wrong way to do it Les
01[12:11] {&Threei}  and this site sucessfully debunked so many grilling/smoking myths, it's not even funny
[12:11] {Les} yeh I am curious enough to try
[12:13] {dino} sllloooowwww day
01[12:15] {&Threei}  yeah... I didn't expect that
01[12:15] {&Threei}  @TheTweetOfGod
01[12:15] {&Threei}  People often say things in the heat of anger that in hindsight they regret not accompanying with a punch in the face.
[12:17] {jdetente} lol
[12:17] {backman} POW!!
[12:28] {jdetente} Took .20 on IRM. Thanks Ese for the idea...
[12:28] {jdetente} and Dino.
[12:31] {Les} JPM looking close to a short
[12:31] {Les} break
[12:36] {Will49} Vad,did you call any trades after the GDX long at 8:55?
[12:36] {nemo} 8:55?
[12:36] {Les} west coaster hey
[12:36] {nemo} Les...ahhh...I mean,
[12:36] {jdetente} Pacific time man
01[12:36] {&Threei}  no
01[12:36] {&Threei}  you have connection troubles will?
[12:37] {Les} get off the booze bunny boy
[12:37] {jdetente} we live in God's country nemo...except for me. I live in California. The Commune
[12:39] {Will49} no Vad, was just off line
[12:40] {Les} fas testing VWAP here
[12:40] {Les} tempted by JPM short but waiting to see if this is short trap
[12:40] {Les} uh no
[12:52] {dino} evn sm l .76
01[12:59] {&Threei}  - Trading in Europe and US markets has been choppy this morning in the absence of any major macro data
01[12:59] {&Threei}  yeah
[13:01] {Les} fas might db and turn around here
[13:04] {ese} DU DU DU DU DU..............waiting waiting waiting......irm
[13:11] {dino} evn stop .60 -.16
[13:12] {dino} agnc l .83
[13:12] {Les} TWI bounce potential dino
[13:15] {dino} don't know
01[13:15] {&Threei} Short Setup: JPM  .20 break
[13:15] {dino} ades drop
[13:15] {Les} TNA .50 holding .45?
01[13:16] {&Threei}  I doubt it
01[13:16] {&Threei}  If holds  .25 
01[13:19] {&Threei}  alphaguru... heh, reshi is back
[13:19] {Les} cool
[13:19] {Will49} fun
01[13:20] {&Threei}  meh JPM
[13:20] {Les} he sense's market breakout coming
[13:24] {Les} squeezed 1:2 out of TNA but 3 min bb's are flat which is a warning stop on trail
[13:27] {+cc_9} SPY seesaw for 45mins
[13:27] {+cc_9} yawn
[13:28] {nemo} futures pits empty
01[13:29] {&Threei}  so far, excitedly underwhelming day
[13:29] {dino} out agnc .96, +.13
[13:30] {nemo} kinda' like trying to have an intelligent conversation with....wait for it........LES!!!
01[13:32] {&Threei}  no news
[13:32] {Les} huh?
01[13:33] {&Threei}  unless you count this:
01[13:33] {&Threei}  (US) Moody's notes it will make its decision to raise or cut the US sovereign outlook by year's end- Reminder: S&P earlier revised the US outlook to Stable from Negative for its AA+ rating. Moody's has a negative outlook currently on its AAA rating for the US
[13:38] {+cc_9} Snowden is triggering stop losses today
[13:39] {dino} ?
[13:39] {Les} oh the nsa leaker
[13:41] {dino} sk sm s .60
[13:42] {stevw} FB a short at .15?
[13:44] {dino} ks cov .90 -.30
[13:49] {Les} LLY  short .23 setup
[13:50] {dino} out tlk .57, +.30
[13:50] {Les} .30 stop
[13:51] {stevw} short CAT at .70
03[14:00] * Retrieving #discussions modes...
01[14:00] {&Threei}  - NYSE volume 305M shares, about 14% below its three-month average
[14:07] {stevw} nope, stopped out of CAT
[14:08] {ese} have a great day alll cya tomorrow
01[14:09] {&Threei}  tale care ese
01[14:12] {&Threei}  again rug pull with no news
[14:14] {Les} LLY stop
[14:16] {+cc_9} Obama speaking on Bloomberg, I wonder how he will dodge the incoming Qs
[14:16] {+cc_9}
[14:18] {RonS} ...blame Bush...deny a problem...say "let's move on"...(this is so easy)
[14:18] {Les} non-partisan skill shared by all politicians
[14:19] {Les} why the frick ain't the mute button working on this guy
[14:21] {Les} shit, listening to Obama or muting and missing vad's calls choice is easy
01[14:25] {&Threei} Long Setup:  TZA  .10 break
01[14:25] {&Threei}  If holds  31 
[14:26] {Alexs} tza  heard you Vad :)
[14:26] {nemo} nah, iwm held trend line
01[14:26] {&Threei}  that's ok, watching for different entry
01[14:27] {&Threei} Long Setup:  TZA  .90 break
01[14:28] {&Threei}  If holds  .85 
01[14:31] {&Threei}  sigh
01[14:31] {&Threei}  I hate Mondays
01[14:40] {&Threei}  sheesh TZA... SoMG
[14:40] {Les} took it again .91 screwin with us
[14:42] {Les} half of at  .98
[14:42] {Les} 2/3
[14:43] {Les} all out
[14:43] {Les} scalp scalp scalp
[14:44] {Les} a broker making money day
01[14:44] {&Threei}  pretty much
[14:44] {dino} dw spike
[14:44] {dino} kndi spike
[14:45] {dino} dw s .74
01[14:48] {&Threei}  ok... once again?
01[14:48] {&Threei} Long Setup:  TZA  .90 break
01[14:48] {&Threei}  If holds  .83 
01[14:53] {&Threei}  come on... really?
[14:54] {jdetente} Mondays...
01[14:54] {&Threei}  god was right, eh?
01[14:54] {&Threei}  thank him for those IWM trades
[14:55] {Les} the hourly indicators ready to roll over, but we grind up. I'd be interested in tomorrows open, but won't be here
01[14:55] {&Threei}  they are about the only thing that keeps this Monday from being disgusting day
[14:55] {Les}
[14:56] {Les} that's some serious memory given to NSA servers
01[14:58] {&Threei}  watching P for pullback entry
[14:58] {dino} tol sm l .70
[14:59] {nemo} I visited that glass building once
[14:59] {Les} they give u an anal probe?
[15:00] {nemo} No, my uncle showed me his office
[15:00] {nemo} they gave me an rfid badge
[15:00] {Les}
01[15:00] {&Threei}  crap, no pullback to speak of
[15:01] {jdetente} hells bells
[15:02] {jdetente} today is frustrating...and aside from IWM, it shows.
01[15:03] {&Threei}  undeally, drip to about 15 or just under would be nice hl long entry
01[15:03] {&Threei}  ideally
[15:04] {+cc_9} CTSH keep an eye today/tomorrow
01[15:06] {&Threei}  losing steam
01[15:06] {&Threei} Short Setup: P  .30 break hl
01[15:06] {&Threei}  If holds  .40 
01[15:07] {&Threei}  change to .35 break
01[15:07] {&Threei}  If holds  .45 
01[15:07] {&Threei}  Invalidated  
01[15:08] {&Threei}  short squeeze
[15:08] {jdetente} longs won't be denied, with prejudice
01[15:08] {&Threei}  everyone expected it to drop on AAPL iRadio announcement
01[15:10] {&Threei}  hate it when I get the idea right and don't get the entry
02[15:12] * Disconnected

03[15:15] * Rejoined channel #discussions
01[15:16] {&Threei}  server hiccup
[15:16] {~KSystems} no
[15:16] {Les} and here I thought we were playing beer games
[15:16] {~KSystems} dont know what it is but its not the server
[15:16] {Les} NSA checking the kill switch on this room
01[15:16] {&Threei}  hmmm... some routes?
[15:16] {~KSystems} probably
[15:19] {+cc_9} [scan] pressure cooker [/scan]
[15:19] {+cc_9} so far so good Vad, we should be ok till EOD
[15:19] {Les} sm P long .41
[15:19] {Les} holding .35
[15:19] {Les} couldn't short this sucker
[15:20] {Les} game over
01[15:21] {&Threei}  I'll be interested under .20
[15:25] {Les} sm long ctsh .12 holding .00
[15:27] {Les} looking for some short covering here
[15:28] {dino} cov dw .72 +.02
01[15:28] {&Threei} Short Setup: LVS  .55 break
01[15:28] {&Threei}  If holds  .60 
01[15:29] {&Threei}  two-sided depending on SPY
[15:29] {Les} partial 1:1
[15:30] {+cc_9} CTSH testing first support $64.00 on 30min
[15:33] {jdetente} well that about sums it up
01[15:33] {&Threei}  probably the most annoying day in last month or two
[15:33] {Les} everyone got their favourite time frame cc turnign green in 15 min and broke downtrend line and 3 min bullish divergence in MACD
[15:33] {patel} not a good day for me to return back.
[15:33] {+cc_9} CTSH .20s on deck, should be good for tomorrow.
[15:33] {jdetente} yeah, meh. Hit my threshold for the day. Going to call it. See you guys manana...
01[15:34] {&Threei}  you missed morning when we had couple big winners
01[15:34] {&Threei}  take care jd
[15:34] {nemo} caught IWM off the bottom
[15:34] {Les} taking a little more off CTSH here
[15:35] {Les} yeh you and bottoms are quite a pair Nemo
[15:36] {Les} I just gotta remember to ignore you vad on days like this
[15:37] {Les} it's funny how consistent the play is on these odd days out. probably means trend change in the works
[15:37] {nemo} Vad caught the bottom on IWM
[15:38] {Les} ah ok
[15:38] {nemo} trendless day after Memorial Day, summer trading has begun
[15:39] {Les} me 2 was short IWM before he chose tza everything else was under vwap
[15:39] {Les} iwm was the lynchpin holding it togethor today
[15:40] {~KSystems} nemo I've heard about that several times, that there are seasonal characteristics in the market, like summer trading or the second half of the year being different from the first
[15:40] {~KSystems} is there really such a thing that can be measured somehow?
[15:40] {Les} all out CTSH flat outta here a+ be in late if at all tomorrow
[15:40] {nemo} no doubt.  As you head into the Summer Mondays and Fridays tend to be quieter
[15:41] {nemo} look at volumes and the ATRs of the indices
[15:42] {nemo} What's interesting about these days, is you can see that it's mostly machines at work.  Long and short setups appear, they sense the order flow, and go the other way to bust the stops, at least in the indexes
[15:42] {Will49} they surely did that today
[15:43] {nemo} SPY volume is about 80 mil, 20 day average is 148 mil, 65 day average 129.5 mil
[15:44] {nemo} Vad, how many times during the Summer have you had to bandage your chin?
01[15:44] {&Threei}  dunno... summers are not created the same
01[15:44] {&Threei}  I had no complaints about last one
01[15:44] {&Threei}  was quite tradeablre
[15:45] {nemo} yeah, but we tend to have more untradeable days during the Summer
01[15:45] {&Threei}  gotta adjust of course
01[15:45] {&Threei}  sure
01[15:45] {&Threei}  and those that were nicely readable were still a bit differrnt from the rest of the year
01[15:46] {&Threei}  I guess I don't pay much attention to these things anynore because change is constant... it's an essence of the trading process
01[15:48] {&Threei}  after all this back and forth we are finishing about flat?
01[15:48] {&Threei}  SPY mocks us today
01[15:49] {&Threei} Short Setup: GDX  29 break
01[15:49] {&Threei}  If holds  .05 
[15:49] {nemo} this doesn't happen very often: it traded between the pivot and R1, touching neither
01[15:53] {&Threei}  Invalidated  
01[15:53] {&Threei}  that does it
01[15:53] {&Threei}  thank you all, have a good evening
01[15:53] {&Threei}  see you tomorrow
[15:53] {Will49} bye
[15:53] {nemo} oh, was talking about SPY
01[15:53] {&Threei}  me too