Tuesday, July 9, 2013

July 09 2013

Uneven day with low volume; squeezed some profits out of it and hope for the Fed minutes tomorrow to provide some fuel.

Session Time: Tue Jul 09 00:00:00 2013
[09:13] {bbobr} gm
01[09:13] {&Threei}  morning bbobr
[09:14] {nemo} ya know, we should just buy spy on the close, sell it on the open, enjoy the day, come back for the close
01[09:15] {&Threei}  it's not like we didn't have red openings
[09:15] {nemo} no, but as a rule, it would have worked nicely since the bounce
01[09:16] {&Threei}  sure, but the point is, "since the bounce" means you know when the bounce comes and how long it lasts :)
[09:16] {nemo} we're already up $1.08
[09:17] {nemo} 165.84 is R3 on the day
[09:17] {nemo} we just hit R2
[09:22] {Alexs} gm
01[09:22] {&Threei}  (EU) EFSF said to be planning new 7-year EUR bond (as expected)
01[09:22] {&Threei}  alex :)
01[09:22] {&Threei}  isn't it ironic? entity created to save those who drown in debt starts issuing its own debt
[09:23] {ese} morning
01[09:23] {&Threei}  how long can this charade last?
01[09:23] {&Threei}  ese :)
[09:27] {cipher} gm
[09:27] {RonS} hello from non-Myrtle Beach
01[09:27] {&Threei}  cipher, ron :)
[09:29] {jdetente} morning all
01[09:29] {&Threei}  jd :)
01[09:31] {&Threei} Long Setup:  FCX  .80 break
01[09:32] {&Threei}  If holds  .75
01[09:33] {&Threei} Long Setup:  GDX  .36 break
01[09:33] {&Threei}  If holds  .30
01[09:36] {&Threei}  meh FCX
01[09:36] {&Threei}  is it me or quotes are strangely jerky?
01[09:37] {&Threei}  GDX 1:1
[09:39] {ese} Out aria position from yesterday .66 +.27
01[09:39] {&Threei}  wtg
[09:40] {ese} tks....slim pickens in the summer
01[09:43] {&Threei} Long Setup:  GDX  .30 break
01[09:43] {&Threei}  late alert
01[09:44] {&Threei}  crap, 1:1
01[09:45] {&Threei} Short Setup: FB  .10 break
01[09:47] {&Threei}  If holds  .15
01[09:48] {&Threei}  Invalidated
01[09:49] {&Threei} Long Setup:  IWM  .63 break
01[09:49] {&Threei}  If holds  .55
[09:49] {ese} fcx should head up today based on Alcoa's numbers
[09:49] {nemo} ?
[09:50] {nemo} fcx is also a gold miner
[09:50] {nemo} do they mine bauxite?
[09:53] {nemo} could make an arguement for fas over .50
01[10:00] {&Threei}  no go
[10:02] {+cc_9} good late morning.
[10:02] {+cc_9} SPY getting some action here, bank regulation news of some sort out
01[10:03] {&Threei}  cc9 :)
01[10:03] {&Threei}  (US) US regulators are targeting eight globally systemic US bank holding companies with a higher 5% leverage ratio, compliance with new ratio would only be required by 2018 - press- Proposal would raise leverage ratio for insured bank subsidiaries to 6%. - Banks that do not meet the new 5% leverage ratio would find dividends and bonuses limited.
01[10:04] {&Threei}  **Reminder: On June 21st, reports asserted that US regulators were said to be looking to hike the simple leverage ratio for large banks to a 6% level, up from the current US minimum of 4%, and the 3% international requirement for leverage ratios.
01[10:04] {&Threei}  if it's in 2018, why does SPY drop urgently NOW?? :)
[10:04] {nemo} got nothing to do with it
[10:06] {nemo} like cat short here?
01[10:07] {&Threei}  either from above .50 on a bounce, or after some consolidation on .40 break
[10:10] {thomcbell} splk long braek 47.75
01[10:11] {&Threei} Short Setup: CAT  .50 break
01[10:12] {&Threei}  change to .55
01[10:13] {&Threei}  change to .60
01[10:13] {&Threei}  If holds  .65
01[10:17] {&Threei}  nah
01[10:20] {&Threei} Long Setup:  GLD  121 break
01[10:20] {&Threei}  If holds  .90
01[10:21] {&Threei}  1:1
[10:23] {jdetente} internet crashed on me. Are we in any trades?
01[10:23] {&Threei}  just did GLD
01[10:23] {&Threei}  no open ones
[10:24] {jdetente} ok thanks
01[10:28] {&Threei} Long Setup:  TZA  .35 break
01[10:28] {&Threei} Long Setup:  TZA  .40 break
01[10:28] {&Threei}  sorry
01[10:28] {&Threei}  If holds  .30
01[10:32] {&Threei}  no go
[10:34] {thomcbell} splk stop is 47.65
[10:34] {thomcbell} make it 47.68
01[10:41] {&Threei} Short Setup: GDX  .25 break
01[10:41] {&Threei}  If holds  .35
01[10:48] {&Threei}  Senior Russian lawmaker tweets that NSA leaker Snowden accepts Venezuela's offer of asylum
01[10:53] {&Threei}  not delighted
[10:53] {jdetente} my internet should have stayed crashed
01[10:54] {&Threei}  lol
01[11:03] {&Threei} Short Setup: CAT  .85 break
01[11:06] {&Threei}  Invalidated
[11:07] {ese} L kr .18
[11:15] {RonS} fdx s 105 break?
01[11:18] {&Threei}  spread...
01[11:18] {&Threei}  really can't tell
01[11:24] {&Threei}  light volume everywhere
[11:24] {jdetente} I was just about to say
[11:24] {jdetente} nothing going on
01[11:25] {&Threei} Long Setup:  TZA  28 break
[11:25] {ese} ya which is why i could be barkin up the wrong tree with kr
[11:25] {ese} no volume
01[11:25] {&Threei}  tomorrow's Fed minutes is the catalyst for something
01[11:31] {&Threei}  Invalidated
01[11:38] {&Threei} Long Setup:  TZA  .95 break
01[11:38] {&Threei}  If holds  .85
[11:38] {nemo} God bless ya'
[11:38] {ese} met 5min double bottom
[11:39] {ese} L met .20 for some excitement
[11:42] {ese} 1/2 1k .28 +.08
[11:42] {ese} balance to even
[11:42] {ese} break even that is
[11:45] {ese} to quote some Walt Disney,,,,,"zippa de do da zippa de day.....my oh my what a wonderful day....or is that way"
[11:47] {ese} out met full .36 +.16
01[12:02] {&Threei}  1:1
01[12:02] {&Threei}  and thanks for your blessing nemo
[12:02] {nemo} It's a big deal coming from me
[12:04] {ese} man.....the market must think this is summer holidays or something......nobodys around and theres no volume......
[12:04] {ese} you know what that leaves.....drinking
[12:04] {nemo} be thankful...it chased Les away
[12:05] {ese} phewwww!!!!!! ya your right...sheesh...what was i thinkin
[12:05] {nemo} frickin' musicians
[12:08] {jdetente} drinking is a must ese
[12:12] {ese} was just looking at what we have in the fridge......micro brewery stuff......it's called LightHouse beer.......
[12:13] {ese} 6 more hours of heat hear and........????????
[12:13] {ese} Psssssssssssttttt!...........off comes that cap
[12:13] {ese} am feeling the taste now...........
[12:14] {ese} hmmmmmmm....lets go imagining.....
[12:15] {ese} indeed indeed indeedeeee
[12:15] {ese} anybodys mouth watering at this point........hmmmmmmmm???????
[12:17] {jdetente} considering it's going to be 105 degrees here this afternoon...yes!
01[12:17] {&Threei}  wow
[12:17] {jdetente} yeah I'm staying in my cave
01[12:17] {&Threei}  another reason to appreciate our moderate climate
[12:18] {ese} indeed indeed indeedeee........your the perfect candidate for a tall cool clear clean tasty fresh one
[12:18] {jdetente} I may have to buy a sixer later
01[12:30] {&Threei} Long Setup:  IWM  .95 break
01[12:37] {&Threei}  1:1
01[12:37] {&Threei}  a little better, jd?
[12:39] {jdetente} yes this beer is refreshing
01[12:39] {&Threei}  lol
[12:39] {jdetente} oh you mean the trade...hehe
[12:43] {jdetente} over and out. Thanks Vad
01[12:44] {&Threei}  1:2
01[12:44] {&Threei}  yw
[12:51] {thomcbell} ssys looks interesting long
[12:52] {thomcbell} gone
[13:00] {ese} L kr avg .16
[13:08] {+cc_9} good morning.
01[13:10] {&Threei}  hmmmm
01[13:29] {&Threei} Short Setup: GDX  .25 break
01[13:29] {&Threei}  If holds  .30
[13:39] {+cc_9} CSIQ looking for another reversal setup before the bell
[13:43] {ese} wonder if kr is going to make a run at it's high and beyond......
[13:43] {ese} one would think it would on a day like today
[13:44] {ese} chart pattern looks like something straight out of your book vad
[13:44] {ese} consolidating at the highs
01[13:45] {&Threei}  yeah
01[13:45] {&Threei}  just low volume quiet day
[13:45] {ese} yup
01[13:45] {&Threei}  kind of hard to expect patterns to work with their usual percentage
[13:46] {+cc_9} Snowden confirms NSA created Stuxnet with Israeli aid
[13:46] {ese} might not have enough guts to push itself up unless some market maker want to move it
[13:46] {+cc_9} quick, everyone act surprised
[13:46] {ese} huuuuuhh!!!!!!!!!
[13:46] {ese} hows that?
[13:49] {ese} is that ah Bed Bath and Beyond?
01[13:49] {&Threei}  (EU) Germany Chancellor Merkel: Govt spending cannot solve the EMU crisis, EMU nations need to pursue structural reforms
[13:50] {ese} heard that before
01[13:50] {&Threei}  yeas, and BBB+ is Bed Bath Beyond and Blackberry
01[13:54] {&Threei}  let's cover half GDX here
01[13:54] {&Threei}  1:1
[13:55] {+cc_9} lol what
[13:55] {jdetente} day getting brighter
[13:55] {jdetente} sunshine is out
[13:55] {jdetente} cc is recovering from his bris
[13:55] {jdetente} all is good
01[13:55] {&Threei}  sun is out... beer is in... trades go well
01[13:55] {&Threei}  jd is happy
[13:56] {ese} yup and i'm even steven with kr........what could be better
[13:56] {ese} rats .01 cent down
[13:58] {ese} vad?  Did you hear the one about the Russian who spent 4 days in Sears looking for wheels for a miscarrage
01[13:59] {&Threei}  lol
[13:59] {ese} put iodine on his paycheck because he got a cut in pay
01[13:59] {&Threei}  let me give you a real life one
[13:59] {ese} thought that manual labor was the president of Mexico
[13:59] {nemo} wow...ese, talking to your students again?
[14:00] {ese} lol
[14:01] {ese} quick somebody do something.......i'm doxing off here.....the infamous head nod
01[14:01] {&Threei}  walking in the walmart with a relatively recent arrival,
[14:01] {ese} dozing
01[14:01] {&Threei}  helping him find a tiki torch for his backyard
01[14:02] {&Threei}  after a few min of browsing the isles he finally spots them at the end of the isle
01[14:02] {&Threei}  and exclaims loudly so half of walmart hears him "tocrh!!"
01[14:03] {&Threei}  only he does it in russian
01[14:03] {&Threei}  and in russian, torch sounds "fuckel"
[14:03] {ese} this is getting funny
01[14:03] {&Threei}  for the next 30 seconds it wasn't
01[14:04] {&Threei}  as half of the store turned to look
[14:04] {RonS} good news he did not see a bunch so no "cluster fuckel",,,
01[14:04] {&Threei}  then it became funny again and men turned away but women still looked interested
01[14:04] {&Threei}  lol
[14:04] {ese} rotflol
01[14:04] {&Threei}  and = as
[14:04] {ese} good one
[14:05] {ese} nice nice nice....massive orders for kr at .14
[14:09] {jdetente} out GDX at .06
[14:09] {jdetente} thanks Vad
01[14:09] {&Threei}  yw :)
[14:09] {ese} well done jd
01[14:10] {&Threei}  life becomes brighter inch by inch
01[14:10] {&Threei}  trade by trade
01[14:10] {&Threei}  beer by beer
[14:10] {ese} indeed indeed
[14:11] {jdetente} yup day has turned around nicely
[14:12] {ese} jd....you live in Nashville right?
[14:14] {jdetente} no I'm out in California
[14:15] {ese} ah......was gonna say was in Nashville a year ago april 12.....was over 100 F for 3 of the 5 days we were there.....beggars must be just frying right now
[14:17] {jdetente} it's pretty humid there too, right? must be hellish
[14:18] {ese} i picture California's weather to be like ours up here most of the time....last time there was 1st week of july at Disneyland  07
[14:19] {ese} was nice ...not to hot
[14:20] {jdetente} depends on where. I'm in Southern California in one of the valleys so it's more like the desert.
[14:20] {jdetente} 20 miles from the coast...
[14:20] {nemo} if the market's gonna' pullback, this should be it, otherwise...wtf
[14:20] {ese} ahhhhh......being preserved for all time
[14:21] {ese} ever been up here Vancouver/Victoria?
[14:21] {jdetente} I have actually about 15 years ago. Went 2 summers in a row.
[14:21] {jdetente} Love it up there.
[14:22] {Alexs} you still in GDX Vad?
[14:22] {ese} ya....have to agree.....am from the praries...Saskatchewan....it's like being on holiday all year round here
[14:23] {jdetente} I bet. Winter on the prairie?? No thanks!
[14:24] {ese} i don't miss the cold thats for sure
01[14:25] {&Threei}  last pieace alex, yes
01[14:25] {&Threei}  .16 stop
[14:25] {+cc_9} HMA blasting
[14:25] {Alexs} ok
[14:25] {+cc_9} been blasting that is
01[15:02] {&Threei}  there should be one more trade in this swamp
01[15:02] {&Threei}  going to look for it over the next 15-20 min
[15:09] {robbers} Just in time, ese, we're looking for a final trade.
[15:10] {ese} sheesh hopefully kr will make a run here....talk about slogging it out
[15:13] {ese} my god.......i'm up .02
01[15:13] {&Threei}  wow
01[15:14] {&Threei}  don't spend that money all at once, lest you cause hyperinflation singlehandedly
[15:14] {robbers} You're always putting your two cents in.
[15:15] {ese} lol
[15:17] {nemo} mmmhhh...FDX came to it's senses
01[15:17] {&Threei} Short Setup: GLD  .50 break
01[15:17] {&Threei}  If holds  .60
[15:18] {ese} out kr .19 +.03.......am outta here cya tomorrow...got stuff to do
01[15:18] {&Threei}  take care ese
[15:18] {ese} cya vad
[15:23] {Alexs} triggered?
01[15:24] {&Threei}  I didn't dee .50 giving up on Level 2
01[15:24] {&Threei}  but I could fall asleep
01[15:25] {&Threei}  dee = see
01[15:41] {&Threei} Long Setup:  IWM  .10 break
01[15:41] {&Threei}  If holds  101
[15:45] {jdetente} the swamp rejects your trade
01[15:47] {&Threei}  yeah
01[15:47] {&Threei}  swamp is swamp
[15:52] {jdetente} alright guys. Have a good one...
01[15:53] {&Threei}  thank you all
01[15:53] {&Threei}  have a great evening, Fed will hopefully provide some spark tomorrow