Tuesday, June 4, 2013

June 4 2013

Fairly nice day with good strong trades on both sides, long and short, including 1:4 on BBBY. WQas also nice to see the room catching almost exact reversal in the market at the bottom of a drop. Blogger issues are fixed too so the log reads normally again.

Session Time: Tue Jun 04 00:00:00 2013
[09:09] {dino} gm
01[09:09] {&Threei}  morning dino
[09:09] {dptl} gm
01[09:09] {&Threei}  dp
[09:10] {stevw} g'mornin
[09:10] {cipher} gm
01[09:10] {&Threei}  stev, cipher :)
[09:12] {~KSystems} Morning
[09:12] {~KSystems} backman
01[09:12] {&Threei}  ks :)
[09:12] {backman} gm
01[09:12] {&Threei}  bman :)
[09:14] {~KSystems} Vad any idea on the USD/JPY?
01[09:15] {&Threei}  not really
[09:16] {~KSystems} hrmmmz
[09:16] {~KSystems} me neither^^
[09:17] {~KSystems} but i have a sore throat from all the vapours in here, maybe they're getting to my brain as well
[09:18] {RonS} gm.  rax down on this:  $IBM acquired SoftLayer this morning to "Accelerate Adoption of Cloud Computing in the Enterprise" http://stks.co/fYDn
01[09:19] {&Threei}  ron :)
[09:19] {Will49} gm
01[09:20] {&Threei}  will :)
[09:20] {Alexs} gm
01[09:20] {&Threei}  alex :)
[09:21] {_epach} gm
01[09:22] {&Threei}  epach :)
[09:22] {ese} mornin
01[09:22] {&Threei}  ese :)
[09:23] {Les} ga
01[09:24] {&Threei}  ok... hi
[09:24] {ese} ga?
[09:24] {Les} afternoon here
01[09:24] {&Threei}  just wave ese
[09:24] {ese} ga ga gu gu
01[09:25] {&Threei}  there you go
[09:25] {ese} ok
01[09:25] {&Threei}  I mean there you gu
[09:26] {ese} lol
[09:27] {robbers} LOL
[09:27] {Les} BOHICA Nemo
[09:28] {Les} http://tinyurl.com/m3ra5gd
[09:28] {jdetente} good morning
01[09:28] {&Threei}  robbers, jd :)
[09:28] {robbers} gm
[09:29] {nemo} yahoo
01[09:29] {&Threei} Short Setup: GDX  .80 break
01[09:30] {&Threei}  If holds  .90
01[09:32] {&Threei}  (EU) ECB members said to be divided on another further rate cuts; concerned their efforts are not being combined with other Govt reform efforts - financial press- Negative interest rate may not support further credit expansion or loans to SMEs - Notes that narrowing the corridor could be a better strategy on rate cuts
01[09:32] {&Threei}  Invalidated
01[09:32] {&Threei} Short Setup: C  .10 break
01[09:33] {&Threei}  Invalidated
[09:33] {dino} yesterdays tol stop to .89
01[09:34] {&Threei}  VRNG: White House to announce executive orders that target 'patent trolls' - press (UPDATE)- White House wants to clamp down on patent-holding firms that sue for licensing fees due to concerns they are abusing the system and impeding innovation by high tech firms. To issue 5 executive orders and several recommendations to Congress in an effort to protect innovative firms from 'patent troll' lawsuits. The proliferation of lawsuits by patent holding firms is causing some tech firms to spend more on litigation defense than on R&D.
01[09:34] {&Threei} Short Setup: C  .20 break
01[09:34] {&Threei}  If holds  .25
[09:35] {stevw} nicely played, dino
01[09:35] {&Threei}  If holds  .40  break
01[09:35] {&Threei}  If holds  .45
[09:35] {+cc_9} good morning fellas
01[09:36] {&Threei} Short Setup: C  .40 break
01[09:36] {&Threei}  cc9 :)
[09:36] {dino} dds drop
01[09:36] {&Threei}  change to .45 break
01[09:37] {&Threei}  stop .51
01[09:37] {&Threei}  frikin GDX got away
01[09:37] {&Threei}  1:1 C
[09:37] {dino} out tol from yesterday, .09, +1.09
[09:37] {Will49} congrats
01[09:37] {&Threei}  wtg
[09:38] {dino} ty
01[09:38] {&Threei}  anyone needs a morning portion of healthy laughter?
01[09:38] {&Threei}  Lululemon athletica inc Has begun restocking stores with Astro and Groove yoga pants, which it had recalled in March because fabric was too see-through - press (update)- Analysts believe this should be a positive development for LULU
[09:38] {Les} not sure that will be the case
[09:38] {dino} lol
01[09:38] {&Threei}  groove... cough
[09:38] {jdetente} hehe
[09:39] {dino} i can see vad in those
01[09:39] {&Threei}  nah, tutu is more of my preference
01[09:39] {&Threei}  tut and Tiley hat
[09:40] {Will49} now there's a vision
01[09:41] {&Threei} Short Setup: JPM  55 break
01[09:42] {&Threei}  If holds  .10
01[09:44] {&Threei}  no go
01[09:45] {&Threei}  if it's a rinse, switching to DTKT strategy right away
01[09:46] {&Threei} Short Setup: GDX  .75 break
01[09:46] {&Threei}  If holds  .85
01[09:47] {&Threei}  1:1
[09:48] {dino} amwd odd, big beat
01[09:49] {&Threei}  die GDX
01[09:49] {&Threei}  weaker than both SLW and GLD
01[09:50] {&Threei}  and they both are downticking
01[09:50] {&Threei}  1:2
[09:51] {jdetente} out thanks Vad
[09:51] {robbers} Out GDX, thanks Vad.
01[09:51] {&Threei}  yw
[09:51] {_epach} recross en JPM?
01[09:52] {&Threei}  JPM wasn't moving in a way we could exploit
01[09:52] {&Threei}  not sure it's back on this planet
[09:52] {_epach} ty
[09:53] {dino} amwd sm l ave .12
01[09:53] {&Threei}  GDX on the other hand...
01[09:53] {&Threei}  still can't raise its head even though SLW bounced
01[09:55] {&Threei}  1:3, out
01[09:55] {&Threei}  that's better
01[09:56] {&Threei} Short Setup: SLW  .90 break
01[09:57] {&Threei}  Invalidated
[09:58] {dino} lad spike
01[09:58] {&Threei} Short Setup: BBY  .40 break
[09:59] {dino} sm s .80
01[09:59] {&Threei}  If holds  .45
01[10:00] {&Threei}  *(US) JUN IBD/TIPP ECONOMIC OPTIMISM: 49 V 50.0E
01[10:00] {&Threei}  no go
[10:02] {Les} tza passing thru handle stage
[10:02] {Les} long .76
[10:06] {Les} last partial to breakeven for intraday hold
01[10:07] {&Threei} Short Setup: CAT  .90 break hl
01[10:07] {&Threei}  If holds  86
[10:08] {Alexs} holds .96?
01[10:08] {&Threei}  86
[10:09] {RonS} deja vu
[10:09] {Alexs} k
[10:09] {_epach} in that case, Long?
01[10:09] {&Threei}  ?
01[10:09] {&Threei}  short if breaks 85.90 while holding under $86
01[10:10] {&Threei}  Invalidated
[10:10] {_epach} ok.
01[10:12] {&Threei} Short Setup: BBBY  .75 break hl
01[10:12] {&Threei}  If holds  .85
[10:16] {Les} bigger cup and hanlde tza if breaking .10
[10:19] {dino} cov lad .10, +.70
01[10:19] {&Threei}  wtg
[10:19] {dino} ty
[10:19] {Will49} beauty
[10:20] {dino} mkto drop
[10:20] {dino} ty will
01[10:20] {&Threei}  .70 is BBBY's last line of defense
01[10:20] {&Threei}  there you gu
01[10:20] {&Threei}  1:1
[10:21] {Les} r u mocking me sir?
[10:21] {Les} half cover ty
01[10:21] {&Threei}  yw
[10:21] {_epach} stx .b.o. 54 if holds .44?
01[10:21] {&Threei}  why you... your version was ga
[10:22] {Les} really? forgot
01[10:22] {&Threei}  not sure about STX
01[10:22] {&Threei}  trades a bit too slow
[10:23] {dino} cipher, you here?
[10:23] {_epach} in
[10:23] {cipher} y
01[10:23] {&Threei}  dino, cipher... keeping an eye on DG?
[10:24] {dino} i wasn't, but will now
01[10:24] {&Threei}  looks like may become your "client" soon
[10:24] {_epach} stx 1:1
[10:31] {robbers} Out BBBY, thanks.
01[10:31] {&Threei}  yw
[10:33] {dino} damn wanted 200 dma dg
01[10:34] {&Threei}  double-botttomed... I too thought it was going to make new lows
[10:35] {dino} you three
01[10:35] {&Threei}  1:2
[10:35] {Les} vad u got a target for  bbby?
[10:35] {nemo} [10:34] {&Threei}  double-botttomed... I too thought it was going to make new lows
[10:35] {nemo} and the operative word Vad?
01[10:35] {&Threei}  should do 1:4 with any luck
[10:35] {Les} ty
[10:36] {Les} tza might bounce here
01[10:36] {&Threei}  I don't think I can think of any nemo, even when applying my best thinking
[10:36] {nemo} 67.24 bbby
[10:36] {nemo}  "I too thought"
01[10:37] {&Threei}  come on... read my response and THINK {G}
[10:37] {nemo} sorry...stuck your chin out
[10:37] {nemo} ctxs
01[10:38] {&Threei}  oh boy... never mind... you must still be sleeping
[10:38] {nemo} more like lucent revery
[10:38] {nemo} lucid
01[10:38] {&Threei}  three "think" in one sentence, by accident?
[10:38] {nemo} with your typing?
[10:39] {_epach} stx b.d. .80 if holsd .90
[10:39] {_epach} ?
01[10:39] {&Threei}  looks good to me
[10:39] {_epach} ty
01[10:39] {&Threei}  especoally if SPY helps
01[10:39] {&Threei}  it supported STX on the way up
[10:39] {_epach} y'r right
[10:40] {_epach} invalidated
[10:40] {dino} out amwd .88, bad entry, -.24
[10:42] {dino} wtf, rinsed
[10:42] {ese} what am I doing you ask?
[10:42] {Will49} playing with your drumstick?
[10:43] {ese} still watching aria am L .02 from yesterday ....so far +.81
[10:43] {dino} nice
[10:44] {ese} ha ha haha.......always a wise guy in the crowd
[10:44] {Will49} :)
[10:44] {Will49} you asked!
[10:44] {ese} tks dino................somebody who respects excellence
[10:45] {ese} lol
01[10:45] {&Threei} Short Setup: GDX  .55 break
[10:45] {dino} more like rofits
[10:45] {dino} profits
[10:45] {ese} I should know better on this board
01[10:45] {&Threei}  ybe aggressive .90 break short on STX
01[10:45] {&Threei}  epach
01[10:45] {&Threei}  with .96 stop
[10:46] {Alexs} gdx stop?
[10:46] {_epach} ok. ty
01[10:47] {&Threei}  standard for now but will trail very soon
01[10:47] {&Threei}  sooner than usual
[10:47] {dino} hci drop
[10:47] {dino} sm l .22
01[10:47] {&Threei}  it formed secondary resistance at .61, just want it to confirm the breakdown
01[10:48] {&Threei}  BBBY baby
01[10:48] {&Threei}  1:3
01[10:48] {&Threei}  GDX stop to .62
[10:48] {Will49} out at 1:3 tks Vad
01[10:48] {&Threei}  yw
01[10:48] {&Threei}  I should have said "BBBY bbabby"
01[10:49] {&Threei}  but I'd never hear the end of it from nemo
01[10:49] {&Threei}  so I haven't
[10:49] {ese} lol
01[10:49] {&Threei}  too bad because it would have been very clever
01[10:50] {&Threei}  1:1 GDX
[10:50] {ese} ya ...ya gotta be careful on this board............can get brutal
01[10:50] {&Threei}  well, that's how we like it
[10:50] {Les} be sage like me ese
01[10:51] {&Threei}  reminds us how relentless markets are real life are
[10:51] {dino} hci stop .94-.28
01[10:51] {&Threei}  keeps us on our toes
01[10:51] {&Threei}  there is nemo in the pond so crucian doesn't nap
[10:51] {ese} sage ?   sage?  bwaaaaaaaaha ha ha ha  bwaaaaaaaha ha ha
[10:52] {Les} ?
[10:52] {Les} ;)
[10:52] {jdetente} speaking of brutal...any of you guys watch the Pens-Bruins game last night??
[10:52] {ese} ok that made my day
[10:52] {ese} no
01[10:52] {&Threei}  B B B Y
01[10:52] {&Threei}  1:4, out
[10:52] {RonS} sage...dried up bush blowing across the desert...
01[10:52] {&Threei}  rofl
01[10:53] {&Threei}  I thought of spice
01[10:53] {&Threei}  no news for this drop
01[10:54] {&Threei}  GDX, that was all?
[10:54] {ese} drop all it wants.....aria ain't following it.   I like that in a stock!
[10:54] {Les} out bbby .32 ty
[10:55] {ese} nice one les
01[10:56] {&Threei}  yw
[10:56] {Les} vads call dude
[10:56] {nemo} I saw after 1st period it was 4-1, wow
01[10:56] {&Threei}  wow, 1:5
[10:56] {ese} or should I say....well done there mr prickly dude..........the sage brush guy
[10:56] {jdetente} Yeah Nemo...Bruins dominated them.
[10:56] {nemo} I thought it could get to .24
01[10:57] {&Threei}  Les, ese has me on ignore for years
[10:57] {_epach} stx stop
[10:57] {ese} rotflol
01[10:57] {&Threei}  not by some evil intent, mind you
[10:57] {Les} seems to work for him
01[10:57] {&Threei}  he just accidentally hit some wrong button in 2009, and no one can find what it was since then
[10:58] {nemo} I see I was off by .03
[10:58] {ese} ;)
[10:59] {ese} jd?    where you from?
[11:00] {Les} half cover stx nice
[11:00] {Les} smashed outta my mind with fatigue and trading better than ever
[11:00] {jdetente} California, ese...
[11:01] {jdetente} but I'm a hockey fan believe it or not haha
[11:01] {ese} ahhhhhh
01[11:01] {&Threei}  that confirms what I was saying all along les
01[11:01] {&Threei}  thinking gets in the way when it comes to trading
[11:01] {ese} so vad will and i are right above you............cool
01[11:02] {&Threei}  well, if you remove Washington and Oregon... :)
[11:02] {Will49} we're right above Washington State, you fool :)
[11:02] {jdetente} yup. I've actually been to Vancouver and Victoria a couple of times
[11:02] {jdetente} beautiful country
[11:03] {ese} well then............you should be able to make it to the shiskabob party no sweat........maybe not this year but next maybe
[11:03] {Will49} we use CA as a model for our socialist tax system
[11:03] {jdetente} shiskabobs..yum
[11:03] {ese} as es freely invites the entire planet to vads house
[11:03] {jdetente} don't remind me Will :(
[11:04] {dino} amwd sm l .71
[11:04] {Les} epach, I saw stx printing .96 but it was acting strangely so I loosened the stop a little. Loosened the stop as it were
[11:04] {Les} echo
[11:04] {RonS} dino, could be some panic selling in clvs soon...
[11:05] {Les} quarter stx here
[11:05] {dino} dg sm l .42
[11:05] {stevw} been trying to figure out an entry on CAT, but it's flippin' mental!
[11:06] {jdetente} if you don't see a setup...walk away stev
[11:06] {_epach} It was a pity, but I'm trying to be unflexible with stop loss. I don't feel my legs, lol
[11:06] {stevw} i think  there are setups, but it's swing too wildly
[11:06] {ese} I'll second that emotion
01[11:07] {&Threei}  stev, just dismiss it as too volatile
[11:07] {Les} yeh understandable. wasn't ignoring my stop, just letting this play out. had .98 prepped for stopping out and was prepared for new entry, was a nice setup
[11:07] {nemo} DBs on indexes
01[11:08] {&Threei}  some moves can't be read or exploited
[11:08] {dino} ron clvs was up like 30 points, i don't know where to hit that thing
01[11:08] {&Threei}  nemo... my feel is, new low
[11:08] {nemo} I wouldn't argue that
[11:09] {ese} ya.....still no news either nemo
[11:09] {RonS} ese, maybe not today but look daily mrk...
[11:10] {ese} will do
[11:10] {dino} out dg .72, +.30, thx for heads up vad
[11:11] {Les} lol tza b/e piece stopped by .03 from the low. bitch
[11:11] {ese} ya ...whats up with that ron.....nice move up
[11:12] {_epach} guys, have a nice day!! I am trying to apply the suggestion of Vad about profit management (I spent my 25%, after booked the other 75%). Ty again Vad.
[11:12] {ese} they can help people live 4 months longer?
[11:12] {RonS} significant cancer drug moving through fda approval process...mrk
[11:12] {ese} later epach
01[11:12] {&Threei}  take care epach
[11:12] {_epach} :-)
01[11:13] {&Threei}  good job dino, yw
[11:14] {nemo} dg looks short
[11:14] {Les} STX vwap support last piece reeled in, might consolidate and offer new short
[11:14] {dino} tol sm l .45
[11:20] {nemo} DG could go to 48.75ish
[11:21] {dino} six spike
[11:22] {dino} sm s .22
[11:23] {dino} cov six .90, +.32
[11:23] {Les} c&h or inverted h&s forming WIM
[11:23] {Les} IWM
[11:28] {dino} out tol .75, +.30
[11:28] {Les} nice
01[11:30] {&Threei}  if the DJIA ends the session higher, it will be the 21st Tuesday of gains for the index, the longest winning streak for any day of the week since 1900
[11:30] {dino} ty
[11:30] {dino} i don't think tuesdays will EVER close down again.
[11:31] {dino} :-)
01[11:31] {&Threei}  I don't think, period
[11:31] {Les} IN TZA!!
01[11:31] {&Threei}  nemo smacks me over the head when I try
[11:31] {dino} we just sell on close tuesdays, and buy the opens, for the rest of our time here
[11:31] {RonS} dino= sage usurper...
[11:32] {nemo} "Conan! What is best in life?" "To crush your enemies -- See them driven before you, and to hear the lamentation of their women!"
01[11:32] {&Threei}  feeling like living on the edge today Les?
[11:32] {Les} brain dead vad, so don't give a f&%รง
[11:33] {Les} tired
[11:33] {Les} stx new short .60?
01[11:33] {&Threei}  yes
[11:33] {stevw} late night tv hosts are getting pretty sadistic, eh nemo!?
01[11:33] {&Threei}  lol stev
[11:34] {nemo} yeah not bad, unless he's serious
[11:34] {Les} oh I get it
[11:34] {dino} and i was thinking "the barbarian "
[11:34] {Will49} good one stev
[11:34] {nemo} Conan grew up half hour away from me
[11:34] {Will49} he never grew up
[11:34] {stevw} yes, i've seen Aaahnold in all his glory
01[11:35] {&Threei}  one of my regrest in life - watching the second one. tainted the first installation for me
[11:35] {nemo} and he gets paid to be that way
06[11:35] * Les smacks stevw for sullying Schwazenegger with some US sitcom jock
[11:35] {stevw} freudian spelling mistake?
[11:35] {RonS} lol
[11:36] {stevw} jock/joke
[11:36] {Les} lol
[11:36] {nemo} you know what Ahhnold's last name means?
[11:36] {jdetente} Schwarzenegger can rot in hell as far as I'm concerned
[11:36] {Les} black something
[11:36] {nemo} black ploughman
[11:36] {Les} farmboy eh
[11:36] {stevw} "let the Schwartz be with you"
[11:36] {nemo} Schwanz
[11:36] {stevw} Mel Brooks
[11:37] {jdetente} the governator
[11:37] {nemo} you know what Schwanz is?
[11:37] {stevw} ?
[11:38] {RonS} omg...is this the early '60's?...w/ Lenny Bruce teaching wasp America Yiddish?
[11:39] {nemo} it's German/Yiddish...formally it means "tail" as in a dog's tail  Der Schwanz...it also has informal meaning referencing the male anatomy as well as a less than praisworthy reference to someone's character
[11:39] {dino} ssys on the move
01[11:40] {&Threei}  as far as I am concerned, Schwartz is a deli with great Montreal smoked meat
[11:40] {Les} u mocking my character with reference to a dog's tail Nemo?
[11:40] {nemo} ahhhh...Rauchfleisch
[11:40] {stevw} sounds like you're both on the same track, in a way
[11:40] {Will49} or a bay where ferry docks
[11:41] {Will49} only Vad and ese will get that
[11:41] {nemo} mmmmhhhh...Les, making some reference to you as a canid would be an improvement
[11:41] {Will49} maybe only Vad
[11:41] {stevw} and me
[11:41] {Will49} oh yeah forgot you stev
[11:41] {stevw} just took me some prompting
01[11:41] {&Threei}  lol
[11:42] {stevw} i like getting Coles Notes along with jokes
[11:42] {stevw} shortens the lag time
[11:42] {Will49} :)
[11:42] {nemo} that's a retest of the double bottoms with pretty strong liftoff
01[11:42] {&Threei}  a lot of whippy moves in SPY
[11:43] {nemo} maybe it's on nitrous
[11:43] {jdetente} nice on nemo
[11:43] {jdetente} one
[11:43] {Les} no go stx for round 2
[11:43] {nemo} I have my moments
[11:44] {dino} ssys sm l .88
[11:44] {RonS} seas spike
[11:56] {dptl} ALL .20 short
[12:02] {dptl} in ALL  .96 stop
[12:02] {dptl} .26
[12:03] {dptl} may be good if takes yest low
01[12:04] {&Threei}  looks decent
01[12:05] {&Threei}  SPY help is what hard to gauge
01[12:05] {&Threei}  a bit weird today
01[12:12] {&Threei}  works nicely
[12:13] {dptl} need to take .10
01[12:14] {&Threei}  see what I mean about SPY?
[12:14] {dptl} yeah need some 2x4
01[12:15] {&Threei}  there
[12:15] {Les} took a little off .11 ty Dino
06[12:16] * &Threei slaps Les around a bit with a name recognition skillset
[12:16] {Les} for what, ALL?
01[12:16] {&Threei}  yes
01[12:16] {&Threei}  that dp
[12:16] {Les} I dunno, I'm just following the smart guys here
01[12:16] {&Threei}  that's
01[12:17] {&Threei}  OK, no you called dp dumb
01[12:17] {&Threei}  now
[12:17] {dino} pretty good drop
[12:17] {dptl} out some here
[12:17] {Les} looks like DBI to me
[12:17] {dino} yw les
[12:18] {Les} all out .03 ty
01[12:19] {&Threei}  dp, say "yw" so he finally gets it, LOL
[12:19] {dptl} its ok..its Les
01[12:19] {&Threei}  lol
01[12:23] {&Threei}  1:2
[12:24] {Will49} attaboy dp
[12:25] {dptl} stop to .11
[12:30] {dptl} to .06
[12:33] {Les} stx inverted cup and handle .45 might be decent entry
01[12:33] {&Threei}  France Considers Ban on Free Shipping by Amazon, a "Destroyer of Bookshops"
01[12:34] {&Threei}  can someone ban France?
[12:34] {Les} yeh, let the fasco-nationalists take over. that'll do the trick
[12:52] {dino} hci drop
[12:54] {dino} sm l .95
[12:59] {Les} vad ZMH tighter than bunny's butt here.
[12:59] {Les} 2 way...?
01[12:59] {&Threei}  SPY narrows... break is coming. which way is anyone's guess
[12:59] {Les} I'd prefer short ZMH
01[13:00] {&Threei}  most likely
01[13:00] {&Threei}  just keep it to hl
[13:00] {Les} k
01[13:00] {&Threei}  this time of the day is too random, gotta respect it and control risk tight
[13:01] {Les} yeh will let it pass
01[13:03] {&Threei}  let me help you guys pass the time while market is passive:
01[13:03] {&Threei}  http://goo.gl/fvId1
01[13:03] {&Threei}  and http://goo.gl/4ZFwf
[13:07] {nemo} fas is getting that same breakout look from yesterday as is SPY
01[13:08] {&Threei}  US mobile wallet users spent $500M in 2012... nearly all of it at Starbucks
[13:08] {dino} tol sm l .28
01[13:08] {&Threei}  what can I say...
[13:13] {Les} spy downtrend line resistance here
[13:13] {nemo} iwm and fas too
01[13:20] {&Threei}  Dear vegetarians, if you are trying to save the animals, why are you eating their food?
[13:21] {stevw} lol
01[13:26] {&Threei}  ZMH
01[13:26] {&Threei}  severe breakdown
[13:26] {stevw} well, i suppose it would be somewhat redundant to now ask what you thought of the short setup on CAT
[13:26] {Les} craaaap
[13:27] {backman} why is JPM such a bitch at the open, and a pussy cat intraday?.....arrghh
01[13:27] {&Threei}  (PT) Bank of Portugal: support could be needed after Troika program conclusion for emergencies **NOTE: Portugal took the first steps to reenter the market by selling bonds earlier this year. The aid program officially ends May 2014.
[13:28] {Les} stupid went long tza .61 and then dropped it flat for lack of setup. ZMH is mocking my lack of vision
01[13:29] {&Threei}  {ZMH} and there was no single second of it that wouldn't be enjoyable
[13:30] {Les} knife catch in the works?
01[13:31] {&Threei}  don't
[13:35] {nemo} let him Vad, maybe he'll bleed out
01[13:35] {&Threei}  just imagine the screams
[13:35] {nemo} I am...why do you think I suggested it?
[13:36] {nemo} oh shit, a down Tuesday...
01[13:37] {&Threei}  first in a long time
[13:37] {nemo} 19 I think
01[13:38] {&Threei}  nemo, you reminded me... "A man should die calmly, with dreamy smile on his lips, sleeping peacefully, like my grandfather... and not screaming and crapping in their pants like all the passengers of the bus he was driving"
[13:39] {nemo} hehehehehehe
[13:39] {Les} that is nasty
[13:39] {Will49} LOL
[13:40] {Les} RIG 51 intraday support here
[13:41] {dptl} all out ALL .66 +.53......
[13:41] {dptl} {dptl} may be good if takes yest low
[13:41] {Will49} CONGRATS DP
01[13:41] {&Threei}  wtg
[13:41] {dptl} ty
06[13:41] * &Threei slaps dptl around a bit with a large roll of cash
[13:42] {Les} good one
[13:42] {dptl} well morning was bad for me, but this one helps to recover
[13:43] {dptl} had to leave ...see ya tomorrow all
[13:43] {Will49} PEACE DP
01[13:44] {&Threei}  dp
01[13:44] {&Threei}  gotta look into why th emorning was bad for you... it shouldn't have
[13:44] {+cc_9} whoa, nasty drop
[13:44] {+cc_9} so nasty it woke me up
[13:45] {Les} the sound of account daily max loss alarms is it cc?
[13:45] {RonS} McClellan -95 Nov lows...
[13:45] {nemo} frickin' irishman
[13:47] {+cc_9} max draw downs everywhere
[13:47] {+cc_9} stops getting eaten like cereal
01[13:48] {&Threei}  that's what happens when you catch those knives
[13:48] {Les} No vad
[13:49] {Les} as Buzz lightyear would say, "not today Zurg!"
[13:49] {+cc_9} nothing to do with knives really...if you were long anything bullish, there is a 90% chance you got stopped, regardless if it was a knife or not
[13:49] {Les} yeh right
01[13:49] {&Threei}  yeah but why would you be long in dropping market
[13:49] {nemo} Les likes to catch spears
[13:50] {Les} but not looking for long here, but market doing good job shaking off my short positions frequently
[13:50] {Les} too many idiots buying the dip
[13:50] {+cc_9} the drop was at 1:30PM
[13:50] {+cc_9} prior to that, they were some decent long plays
01[13:50] {&Threei}  nothing's wrong wioth buying the dip itself,
01[13:51] {&Threei}  buying the dip without according setup, that's what too many do... asigining arbitrary turnung points and trying to catch the reversal before it occurs
[13:51] {dino} buy the dip works until proven otherwise les
01[13:52] {&Threei}  yup
[13:52] {+cc_9} I agree
01[13:52] {&Threei}  (US) CNBC: Fed's George's comments due today remain on the hawkish side, and feels the Fed's stance remains too accomodative
[13:52] {+cc_9} headfake or actual bounce on this SPY, i think 163.47 break will tell
[13:53] {+cc_9} did we not hear about this a week ago ?
01[13:54] {&Threei}  US) Reminder: Fed's George speech text on US economy to be released at 14:15ET- Kansas City Fed Pres George has been the dissenting vote on the FOMC this year, citing her concerns that "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." - George will not deliver the speech herself due to illness
[13:54] {dino} we hear the same thing every week. been going on for over a year now cc
[13:54] {+cc_9} that was short lived back to new lows
[13:56] {+cc_9} too spooky for me
[14:00] {+cc_9} every tiny bounce gets dumped, good day to be speak C++
01[14:06] {&Threei} Long Setup:  IWM  .15 break hl
[14:07] {nemo} think they'll test 97 then 96.75
01[14:07] {&Threei}  change to .10
01[14:07] {&Threei}  If holds  97
[14:07] {nemo} spy through 163, gotta get the stops on the other side
[14:07] {+cc_9} 163 breached
[14:08] {nemo} now they gotta' stop hunt volume not coming in
[14:08] {+cc_9} more death whoa
01[14:09] {&Threei}  change to .05 break
[14:09] {nemo} big boy volume on spy they're trying to put a floor in
01[14:09] {&Threei}  Invalidated
[14:10] {nemo} gonna test yesterday's low
[14:10] {+cc_9} getting long SSO here, that SPY 1.6M on the 1min i think is a reversal sign
[14:11] {+cc_9} any guess is a good guess at this point
[14:11] {nemo} mmmhhh, partial with the idea they want yesterday's low
[14:11] {+cc_9} we are already @ yesterday's lows, off by a few cents
[14:12] {Les} l .06 iwm
[14:12] {Les} holding .95
[14:13] {+cc_9} in some SSO .65
[14:13] {+cc_9} s/l .45 tgt $79.10+
[14:14] {+cc_9} not sure which technical analysis I should use
[14:14] {+cc_9} praying or grabbing ankles
[14:14] {nemo} don't forget KY
[14:14] {dino} lol
[14:15] {Les} partial
[14:15] {nemo} that is, if you stil make noise when you fart...otherwise, no worries
[14:16] {RonS} clmt fast down
[14:16] {+cc_9} can anyone remind me why we dropped again ? lol
[14:16] {jdetente} tmi Nemo
[14:17] {jdetente} we don't need to hear about your sordid personal life
[14:17] {+cc_9} low volume RonS
[14:17] {Les} 2nd partial
[14:17] {+cc_9} SSO all good now, no possible ankle grab, stop @ cost
01[14:17] {&Threei}  (US) Fed's George (hawk, FOMC dissenter): Seeing signs that some markets are getting addicted to cheap liquidity; radical Fed actions are starting to be viewed as normal- Believes its time to pare back the pace of Fed bond buying, tapering does not constitute tightening policy. - Worried about market participants borrowing money to buy equities, leveraged loans and high-yield markets.
[14:17] {RonS} low vol sub 300k for me...
[14:18] {dino} i miss the old days when fed govs only spoke at meetings every 6 weeks. this every day junk is stupid
01[14:18] {&Threei}  - Many economies have become dependent on central bank actions. - Continues to expect US 2013 GDP +2%, sees US 2014 GDP +3% with unemployment lower.
[14:19] {+cc_9} dino, i miss the days when trading VXX was considered smart
[14:19] {RonS} "some signs"?...they created the situation and the gripe about it...who do they think they are...the O?
[14:19] {Will49} hope springs eternal
01[14:19] {&Threei}  lol
01[14:19] {&Threei}  dissenters want to be on a record, Ron
[14:19] {dino} cc9, how about this, i miss the old free markets. not this govt supported sh#t
[14:20] {dino} clmt sm l .30
[14:20] {+cc_9} dino, i miss SPY at 163.40 today
[14:21] {Les} :)
[14:21] {dino} ddd sm l .65
[14:22] {+cc_9} SSO, come on...don't fail met now
[14:22] {Les} out iwm .35
[14:23] {+cc_9} dont you just love it when stock gets $0.05 from your target then says "F*** you, not gona print it"
[14:23] {+cc_9} its the best
[14:23] {dino} it pretty much sucks
[14:23] {nemo} rates right up there with using barbed wire for floss
[14:24] {+cc_9} this room is an analogy gold mine
[14:25] {nemo} if GDX would only be valued as such
[14:25] {+cc_9} all the way to 163.20 then no follow through, pathetic
[14:26] {+cc_9} 600k brings it back $0.25, pathetic
[14:26] {+cc_9} look @ all that algo on SPY. .12 to .02 print in a heartbeat
[14:27] {+cc_9} just push it over 163.30 since they are going to anyways...they are not tricking anyone
[14:29] {+cc_9} no bids @ high teens, pathetic
[14:29] {+cc_9} push you dog
[14:29] {+cc_9} give me 163.30
[14:31] {+cc_9} all out SSO +0.40
[14:31] {Will49} yeah...but you had to beg :)
[14:32] {Will49} good trade
[14:32] {+cc_9} if thats what it takes :D
[14:32] {dino} gj
[14:32] {+cc_9} just in case : 14:13 cc_9 in some SSO .65
[14:33] {+cc_9} and : 14:10 cc_9 getting long SSO here, that SPY 1.6M on the 1min i think is a reversal sign
[14:33] {+cc_9} all done here today, rest is all a show
[14:34] {Les} yeh thank u cc
[14:35] {Les} your note of vol. served as my iwm entry
[14:35] {Les} with support at .95
[14:36] {+cc_9} very nice. this also worked for me 14:13 cc_9 in some SSO .65 14:13 cc_9 s/l .45 tgt $79.10+
[14:37] {+cc_9} the highest SSO went on that run was 79.10 on the dot.
[14:38] {+cc_9} nemo gonna test yesterday's low
[14:38] {+cc_9} on point!
[14:38] {nemo} not quite, but close
[14:38] {nemo} .04 off
[14:38] {+cc_9} lol good enough for me
[14:39] {nemo} yeah
[14:39] {nemo} and no, I don't organize my sock drawer
[14:39] {Les} IWM resistance here
[14:39] {nemo} algo's probably whackin every body trying to get short again
[14:39] {Les} uh no
[14:39] {dino} cutting right thru, knife thru butter
[14:39] {Les} maybe quick run to vwap
[14:40] {nemo} sledgehammer through Les' skull
[14:40] {dino} out hci .45, +.50
[14:40] {Les} charmer
[14:40] {dino} rats on cheese
[14:41] {+cc_9} I WANT MY SSO BACK :(
[14:43] {nemo} http://bit.ly/18RPKQq
[14:44] {dino} out clmt .33, +.03. thing doesn't move
[14:46] {Les} crap we're so far out of hourly bb's in vad's settings its not funny
01[14:47] {&Threei}  hourly?
01[14:47] {&Threei}  hourly would require diff parameters
[14:47] {Les} yeh I know
[14:48] {Les} interesting to compare freestockchart settings with trade platform that includes before and after market
[14:51] {+cc_9} very nice reversal SPY
[14:51] {dino} buy the dips
[14:51] {Les} hourly SPY DB with bullish MACD divergence
[14:52] {Les} but tomorrows another day
[14:56] {dino} crm crush
01[15:01] {&Threei} Long Setup:  TZA  .85 break
01[15:02] {&Threei}  If holds  .75
01[15:04] {&Threei}  no worky
01[15:06] {&Threei} Short Setup: CAT  .90 break hl
[15:06] {nemo} too many people trying to short, algo's sensing flow, next inflection time 3:30ish
01[15:06] {&Threei}  If holds  86
[15:07] {RonS} .96?
[15:07] {RonS} :D
01[15:07] {&Threei}  lol
01[15:08] {&Threei}  nice weakness while SPY upticks... just needs a few red bars from SPY to kill it
01[15:09] {&Threei}  come on CAT, are you blind?
01[15:10] {&Threei}  one stubbon INET buyer is holding it
01[15:11] {&Threei}  wtf
01[15:12] {&Threei}  trail to .96
01[15:12] {&Threei}  out
01[15:12] {&Threei}  not worth the fight
[15:13] {jdetente} Vad this is for you...
[15:13] {jdetente} http://blog.mainstreethost.com/wp-content/uploads/2013/01/Grumpy-Cat-Meme.png
[15:13] {jdetente} hehe
[15:13] {dino} tol to b/e
01[15:13] {&Threei}  lol
[15:13] {nemo} frickin luddites
[15:14] {jdetente} https://i.chzbgr.com/maxW500/894158592/h8103EE8B/
[15:15] {dino} out tol +.04/.32
[15:15] {dino} out ddd .40 -.25
[15:17] {RonS} tough day...
[15:17] {dino} overall, decent one here, very good morning
01[15:17] {&Threei}  same here
[15:18] {jdetente} decent day here too...not spectacular but nothing to complain about
01[15:18] {&Threei}  I just can't believe all this selling pressure doesn't take CAT donw
[15:19] {jdetente} CAT hanging tough
[15:19] {dino} believe your eyes
01[15:19] {&Threei}  single buyer... just won't get steamrolled
[15:31] {+cc_9} look @ that rip
[15:31] {+cc_9} boys, its safe to say we had the bottom entry on the markets today
[15:32] {nemo} don't forget Les
[15:32] {Les} aah piss off
[15:32] {Les} outta here thanks for the fish vad
01[15:33] {&Threei}  yw
[15:33] {Les} dino and epach too
[15:38] {RonS} Nemo:  http://www.optionmonster.com/drj_blog/article.php?page=drj_blog%2Farmy_ranger_sniper_team_leader_nails_target_at_1000_yards_from_stand_82255.html&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+optionmonsterDRJsBlog+%28optionMONSTER%3A+DRJ%27s+Blog%29
[15:38] {RonS} oops...sorry...
[15:39] {nemo} off hand...wow
[15:41] {+cc_9} ripppppppppppppppppp
[15:42] {+cc_9} damn that SSO woulda been gold by now
[15:42] {+cc_9} near $1.00
[15:42] {nemo} unbelievable...they've almost bought this thing all the way back
01[15:43] {&Threei}  where is Les to discuss "buy the dip" again?
[15:43] {nemo} applying vaseline to his head
[15:43] {RonS} lol
[15:43] {RonS} brutal
[15:44] {nemo} he's used to it by now...spent most of his life that way
[15:46] {dino} builders and 3d printers tagged today
[15:52] {+cc_9} anyone here printing guns in 3d ?
01[15:53] {&Threei}  Ok guys thank you all
01[15:53] {&Threei}  have a great evening, see you tomorrow
[15:53] {Will49} peace everybody
[15:56] {dino} thx all, gn