Wednesday, July 10, 2013

July 10 2013

Wasn't really our day, as low volume and FOMC minutes conspired to stage a patternless session.

Session Time: Wed Jul 10 00:00:00 2013
[09:15] {bbobr} gm
01[09:16] {&Threei}  morning bbobr
[09:20] {cipher} gm
01[09:20] {&Threei}  cipher :)
[09:23] {Alexs} gm
01[09:23] {&Threei}  amex :)
01[09:23] {&Threei}  ummm
[09:23] {Alexs} lol
01[09:23] {&Threei}  lt me try again
01[09:23] {&Threei}  alex :)
01[09:23] {&Threei}  there... I got it
[09:23] {Alexs} amex is ok
01[09:25] {&Threei}  GLD... wait for us
[09:26] {ese} good morning campers
01[09:26] {&Threei}  ese :)
01[09:27] {&Threei}  .20 break short GLD... if it gives us a chance
[09:27] {ese} vad
[09:27] {jdetente} gm guys
01[09:27] {&Threei}  jd :)
[09:29] {ese} jd
01[09:30] {&Threei} Short Setup: GLD  .20 break
01[09:30] {&Threei}  If holds  .30
01[09:34] {&Threei}  1:1
01[09:36] {&Threei}  1:2 is close enough
01[09:37] {&Threei}  stop for the last piece is .16
[09:39] {ese} L hpq .20
[09:40] {robbers} Out GLD, thanks.
[09:41] {Alexs} stop is still .16?
01[09:42] {&Threei}  .11 now
01[09:42] {&Threei}  yw robbers
01[09:42] {&Threei}  done
[09:42] {jdetente} thanks Vad
01[09:43] {&Threei}  :)
01[09:43] {&Threei}  one of those trades that screams at you from the screen
01[09:44] {&Threei} Long Setup:  TZA  .70 break
01[09:44] {&Threei}  If holds  .65
01[09:48] {&Threei}  meh
01[09:48] {&Threei}  NSA leaker Snowden: I never gave any information to Chinese or Russian governments
[09:48] {nemo} bull market
01[09:49] {&Threei}  Putin: it's like shearing the piglet - a lot of squeal, not so much wool
[09:52] {ese} out hpq .42+.22
[09:52] {RonS} wtg
[09:52] {ese} no biggie 3/4 lot
[09:52] {ese} tks
[09:52] {RonS} but ese size...
01[09:52] {&Threei}  ok... not wtg then
[09:53] {RonS} punk then?
[09:53] {ese} lol
01[10:00] {&Threei}  *(US) MAY WHOLESALE INVENTORIES: -0.5% V 0.3%E; WHOLESALE SALES M/M: +1.6% V 0.3%E
01[10:01] {&Threei}  why does this below makes me think "asshole"
01[10:01] {&Threei}  IMF's Blanchard: IMF is not forecasting a global recession; Fed understands how to handle the situation- Reiterates Fed is doing the right thing. - US assets to be more attractive. - France is still losing competitiveness. - US fiscal consolidation has been too strong.
01[10:01] {&Threei}  - Not at all worried about US inflation
01[10:07] {&Threei} Short Setup: GDX  .20 break
01[10:07] {&Threei}  If holds  .25
[10:10] {nemo} gmcr dripping away
01[10:22] {&Threei}  meh
[10:23] {ese} L fast .80
[10:28] {ese} hmmm crap....forgot that Berdumb dumb is speaking today......
[10:29] {RonS} show here speech after close...fed min at 2 edt
[10:29] {jdetente} your hero
[10:31] {RonS} so ese hates the clam yet loves the O when the clam is pimping the market and the O is trying to ruin the country...unreal...:P
01[10:33] {&Threei}  it's Canada Ron... know the percentage of peopler who said yes when asked whether they'd vote for O if they could? :)
[10:35] {jdetente} do they also make the O face when answering and/or talking about Obama?
[10:36] {jdetente}
01[10:37] {&Threei}  pretty much, lol
[10:37] {RonS} lol
01[10:38] {&Threei}  and when talk about Bush they make this prudish face with lips almost going inside of their mouth
01[10:44] {&Threei} Short Setup: BBY  .10 break
01[10:44] {&Threei}  If holds  .20
[10:48] {ese} alright alright bouncing around like a superball....driving me crazy
01[10:48] {&Threei}  Invalidated
[10:48] {ese} i'm up i'm dn...i'm up i'm dn......sheesh
01[10:55] {&Threei}  House Democrats propose a national park on the Moon to protect landing sites
01[10:56] {&Threei}  I guess all the problems on this planet are solved
01[11:07] {&Threei} Short Setup: JPM  .55 break
[11:08] {nemo} gmcr likely short here
[11:11] {Alexs} stop .64?
01[11:12] {&Threei}  .62 for me
01[11:12] {&Threei}  just above latest high
[11:14] {jdetente} blah
[11:16] {bbobr} am not
[11:21] {bbobr} Why short nemo ?
[11:22] {nemo} well, it hasn't worked out, but I was looking for it to top out on this drop and go back to test a lower level, but it may just dirft upward in this pre Fed-lull.  On the daily it just about tested the top of the gap
[11:23] {nemo} now I'm thinking it may drop to the 70 area and hang out until 2:00
01[11:23] {&Threei}  (US) SEC approves rules to require additional data be provided to regulators in private placements; approves removal of ban on advertising of private placements by Hedge funds- Vote was 3-2 on the data point and 4-1 on advertising
[11:24] {bbobr} I see what you mean, tks nemo
[11:24] {nemo} sure....I wouldn't do it for Les
[11:25] {nemo} I'm such a dick
01[11:25] {&Threei}  if you hoped to make the news of the day with that...
[11:26] {nemo} no, I was just remembering "9"s recent Bris
[11:26] {nemo} frickin nus
[11:33] {ese} this could be the last run up for FAST....would have to get through the 1min 200ma to make it to 47.00 i would think
[11:34] {ese} although the spyders have broken through it's 200ma 1min chart
[11:35] {nemo} yeah and they're retrograde of mercury
[11:42] {thomcbell} splk tight range for breakout play
[11:42] {thomcbell} would rather buy a pullback
[11:43] {thomcbell} setup
[11:43] {thomcbell} how is everybody
01[11:44] {&Threei}  hi tbell
01[11:44] {&Threei}  waiting for godo
01[11:44] {&Threei}  ben I mean
[11:45] {nemo} we've don 25% of the 20 day atr on spy
[11:46] {nemo}
[11:47] {ese} all roads are leading to Rome right now with fast
[11:48] {ese} .43 more cents....thats all I want.....
[11:50] {ese} nah.......i took it out fast .62 +.82 on 1200shs
[11:52] {ese} well look at that.......damn if it didn't make it to .80
[11:53] {ese} ah well....there more where that came from
[11:57] {RonS} is the horse out of the barn yet?...Federal Aviation Administration says it will increase flight time needed for commercial co-pilots
[11:58] {nemo} tail's on fire
[12:01] {bbobr} GMCR did  what you said, nemo !
[12:01] {nemo} unfortunately, not when I said it
[12:01] {nemo} kinda' like bunny
[12:02] {ese} lol
[12:08] {nemo} vxx is red no fear
[12:10] {jdetente} could be another setup...
[12:10] {jdetente} for a drop
[12:11] {nemo} if it gets any lower call the undertaker
[12:13] {jdetente} keep thinking to last fed meeting. VXX was dropping all day. Then reversed
[12:13] {ese} L clf .74
01[12:31] {&Threei} Short Setup: CAT  85 break
01[12:31] {&Threei}  If holds  .10
[12:45] {jdetente} I hate these kind of days. early stops and then action dies. Dang fed.
[12:54] {nemo} fas short here might work
[12:54] {nemo} time of day sucks
[12:55] {nemo} Qs making new highs
[12:59] {nemo} FAST coming into possible bounce point around .85ish
[13:05] {ese} agreed......cepttin.....i'm got to much of clf
[13:05] {nemo} you teach math, right?
[13:06] {ese} rotflol
[13:06] {nemo} ;-)  sorry, Les isn't here
[13:07] {ese} was a good one....expect no les
[13:07] {nemo} touche
[13:07] {ese} L clf avg .73
01[13:08] {&Threei} Long Setup:  GLD  .25 break
01[13:12] {&Threei}  change to .20 break
[13:14] {nemo} fast arguably long here
[13:15] {Alexs} what stop?
[13:15] {nemo} .75 break, stop under .65 watch indexes though if they start coming in this likely gets held up
[13:15] {nemo} or down, as the case may be
01[13:16] {&Threei}  .10
[13:16] {nemo} oh
[13:16] {nemo} nevermind -Emily Latella
[13:19] {Les} oh shut up will ya
[13:20] {jdetente} welcome to the jungle Les
01[13:21] {&Threei}  wtf
01[13:21] {&Threei}  no news
[13:21] {jdetente} I need to keep reminding myself to skip Fed
[13:21] {jdetente} grrr
[13:22] {Les} outta here
[13:23] {ese} cya les
[13:23] {jdetente} don't let the door hit you Les
[13:23] {Les} jd standin in for Nemo tonight is he?
[13:23] {Les} taking a month off
[13:23] {Les}  c u's mid august
[13:24] {jdetente} enjoy the vacation
[13:24] {Les} work mate work
[13:24] {ese} always a good plan
[13:24] {Les} oh ese
[13:24] {jdetente} ahh enjoy the work then
[13:24] {ese} ya
[13:24] {Les} was introduced to Randy Crawford couple of nights ago
01[13:25] {&Threei}  who's that
[13:25] {Les} front dooring the big star hotel attached to montreux jazz
[13:25] {jdetente} some singer right?
[13:25] {Les} yeh, didn't know meself
[13:25] {Les}
[13:25] {ese} the R&B singer?
[13:25] {Les} having fun working the jazz festival at night
[13:25] {Les} c u's
[13:25] {ese} ahhhh...thats right Montreax is on right now
[13:26] {Les} yeh keeps me away from dull market activity... my worst enemy
[13:26] {ese} awesome les take care
[13:26] {jdetente} true that Les.
[13:26] {Les} ciao
01[13:26] {&Threei} Long Setup:  GLD  .65 break
01[13:26] {&Threei}  If holds  .60
[13:27] {Alexs} too fast
01[13:27] {&Threei}  1:1...
[13:30] {Alexs} .75 entry bad idea?
01[13:31] {&Threei}  I'd prefer .70, pullback
[13:36] {jdetente} anyone get .65 break?
[13:36] {jdetente} missed it myself
[13:40] {ese} L clf avg .70
01[13:52] {&Threei}  8 min till torrent of wisdom from high above
[13:57] {jdetente} can't hardly wait
[13:57] {+cc_9} Fed minutes immenent
[13:58] {jdetente}
01[13:59] {&Threei}  - NYSE volume 300M shares, about 20% below its three-month average
[13:59] {+cc_9} SPY all over the map
[13:59] {jdetente} gld...
01[14:02] {&Threei}  Two members felt the FOMC should begin curtailing purchases soon to prevent the negative effects from exceeding benefits
[14:06] {ese} june?
01[14:08] {&Threei} Short Setup: GLD  .60 break hl
01[14:08] {&Threei}  If holds  .70
01[14:08] {&Threei}  meh
01[14:08] {&Threei}  it's minutes ese, from the last FOMC
01[14:12] {&Threei}, just pulled in Victoria Harbor. Fully functional golf course, submarine and helicopters all aboard the vessel
[14:13] {RonS} named after Ray Davies' song?
01[14:13] {&Threei}  no... original owner's wife
[14:14] {+cc_9} GDX NUGT wowza
[14:16] {jdetente} think I'll throw darts blindfolded for next trade, hehe
01[14:19] {&Threei}, just pulled in Victoria Harbor. Fully functional golf course, submarine and helicopters all aboard the vessel
01[14:19] {&Threei}  oops
01[14:20] {&Threei} Short Setup: GLD  122 break
01[14:21] {&Threei}  hl
[14:21] {Alexs} lol
01[14:21] {&Threei}  If holds  .10
01[14:22] {&Threei}  Invalidated
[14:38] {ese} opps......out clf .75 +.05 on 3k....i;ll take it
01[14:38] {&Threei}  for shame...
[14:39] {nemo} fdx might bounce in the .50s
[14:41] {ese} HEY nemo!!!!!!!!! are you still scoping fast?
[14:41] {nemo} looks like it's done moving for the day
[14:42] {ese} it's back to where I bought it this morning
[14:42] {nemo} I'm in the "let sleeping dogs lie" camp  on this one
[14:44] {nemo} mmmhhh FDX bounced but looks like it's gonna' drop .50
[14:45] {ese}'s movin
[14:46] {nemo} I think it's gonna oscillate around vwap at .80ish...just an opinion
01[14:51] {&Threei}  look at frikin GLGD
01[14:53] {&Threei}  admittedly frustrating day
[14:53] {nemo} FED day starts with F
01[14:56] {&Threei} Long Setup:  GLD  .90 break
01[14:56] {&Threei}  If holds  .80
01[14:56] {&Threei}  all I ask is 2 1:3ers
01[14:56] {&Threei}  is it too much to ask?
[14:57] {jdetente} is an answer required??
01[14:57] {&Threei}  no
01[14:57] {&Threei}  all that is required is trading gods' compliance
01[14:58] {&Threei}  some days bastards just won't cooperate
01[14:58] {&Threei}  Invalidated
[14:58] {jdetente} believe that triggered didn't it?
[14:58] {Alexs} yes
[14:58] {jdetente} printed at .92
[15:00] {jdetente} alright that's it for me. I'll see you guys tomorrow
01[15:02] {&Threei}  take care jd
[15:02] {Alexs} good night jd
01[15:03] {&Threei}  now frikin thing is going to kimp 50 cents
01[15:04] {&Threei}  jump
[15:08] {Alexs} gld .90 long?
01[15:08] {&Threei}  to me, yes
01[15:09] {&Threei}  but considering my track record today, do you really want to rely on my read? :)
[15:09] {Alexs} lol
[15:11] {Alexs} worked finaly
01[15:11] {&Threei}  yup
01[15:11] {&Threei}  you went for it?
[15:11] {Alexs} yes
01[15:11] {&Threei}  cool
01[15:11] {&Threei}  it has 1:4 potential
[15:12] {Alexs} too scary
01[15:12] {&Threei}  1:2
[15:12] {Alexs} out
01[15:12] {&Threei}  OK :)
01[15:12] {&Threei}  now, THAT will piss jd off!
[15:19] {Alexs} looks long again
01[15:21] {&Threei}  1:3
[15:21] {Alexs} got a second scalp
01[15:21] {&Threei}  :)
01[15:21] {&Threei}  gaining confidence, eh?
[15:21] {Alexs} lol
01[15:21] {&Threei}  it's good thing
01[15:22] {&Threei}  just handle with care :)
[15:22] {Alexs} always
01[15:32] {&Threei}  .90 break again now
01[15:36] {&Threei}  mope
01[15:37] {&Threei}  (LX) Luxemboug PM Juncker officially calls for new parliamentary elections and will submit resignation to parliament tomorrow - press- New elections to be held within three months. **Note that this move comes after the junior coalition partner called for new elections in light of the secret service scandal
01[15:38] {&Threei}  (PT) Portugal President Cavaco: Portugal must comply with the aid program, any snap elections would requre a new bailout package
01[15:38] {&Threei}  what a wretched union
01[15:42] {&Threei}  Boston bombing suspect Dzhokhar Tsarnaev pleads not guilty to the 30 counts against him
01[15:42] {&Threei}  right
[15:43] {nemo} I hope he gets Bubba instead of the death penalty
01[15:43] {&Threei}  so, "not guilty" as in I didn't do it, I was insane, I was mistreated, or...?
01[15:49] {&Threei}  OK guys, not my day. Let's wrap it up and move on to a fresh one
01[15:50] {&Threei}  see you tomorrow
[15:51] {Alexs} good night all
[15:53] {bbobr} gn