Wednesday, July 17, 2013

July 17 2013

Not really our day as most moves were patternless. Got a few nice trades but stops outnumbered them.

Session Time: Wed Jul 17 00:00:00 2013
[09:09] {dino} gm
01[09:10] {&Threei}  morning dino
[09:10] {+cc_9} Morning Vad / Gents
01[09:11] {&Threei}  cc9
[09:16] {Alexs} gm
01[09:17] {&Threei}  alex :)
[09:18] {RonS} howdy y'all...texican for good morning
01[09:19] {&Threei}  ron :)
[09:25] {bbobr} gm
01[09:25] {&Threei}  bbobr :)
[09:27] {cipher} gm
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  Bennie speaks today
01[09:32] {&Threei} Long Setup:  GDX  .80 break
[09:34] {Alexs} stop GDX?
01[09:34] {&Threei}  If holds  .73
[09:34] {nemo} a bit OCDish that stop
01[09:34] {&Threei}  1:1
01[09:35] {&Threei}  my OCD is not for long since I also have ADD
[09:35] {robbers} Out, thanks.
01[09:35] {&Threei}  1:2
01[09:35] {&Threei}  :)
[09:36] {+cc_9} TSLA very active already, big volume out the gate
[09:37] {dino} amt hl l .75
01[09:38] {&Threei} Long Setup:  IWM  .50 break
[09:39] {+cc_9} All out TSLA
01[09:39] {&Threei}  If holds  .40
[09:39] {dino} out amt .99, +.24
01[09:41] {&Threei}  stop to .44
01[09:42] {&Threei}  Since the first trading day of 2013, Brazil has lost almost 30%, China 25% & Russia 23%
[09:43] {ese} gm
[09:44] {ese} got up late
[09:45] {dino} fcx hl l .50 stop lod brk
01[09:46] {&Threei}  ese :)
[09:46] {+cc_9} TSLA, oh no...:(
[09:49] {dino} axp sm l .60
[09:49] {+cc_9} TSLA trade }}} http://img33.imageshack.us/img33/7324/ieio.jpg
[09:49] {+cc_9} Left a gang on the table, oh well
[09:51] {dino} fcx stop -.11
01[09:52] {&Threei} Short Setup: GLD  .10 break
01[09:53] {&Threei}  If holds  .20
[09:54] {Alexs} full lot?
[09:54] {+cc_9} TSLA wowza, $115s
01[09:54] {&Threei}  yeah, not too volatile
[09:56] {dino} amt sm l .60
[10:00] {dino} out amt .20, +.60
[10:00] {dino} about .60 too soon, spike
01[10:01] {&Threei}  meh
[10:02] {Alexs} meh is when a half lot :)
01[10:02] {&Threei}  ok, double meh
[10:02] {Alexs} lol
[10:03] {+cc_9} I thought taking $2.00 on TSLA was smart
[10:03] {+cc_9} damn thing moved $10
[10:03] {dino} lol
[10:07] {+cc_9} $117 .... :(:(:(
[10:08] {nemo} internet stock
01[10:08] {&Threei} Short Setup: CAT  .30 break hl
01[10:08] {&Threei}  If holds  .40
[10:08] {nemo} yhoo just keeps going
[10:14] {ese} L fslr.50
[10:16] {ese} boy.....thought about yhoo today......have never had that good  luck trading it
[10:18] {dino} nor i ese
[10:19] {RonS} sweet Melissa changed things there...
[10:19] {ese} out 1/2 fslr 81 .+31
[10:19] {dino} gj
01[10:21] {&Threei}  1:1
[10:22] {ese} tks
[10:24] {+cc_9} Alibaba should just absorb all of YHOO
[10:27] {Alexs} I think they just need to absorb Melissa
01[10:27] {&Threei}  sounds durty
01[10:27] {&Threei}  dirty
[10:28] {Alexs} she's most expansive woman
[10:30] {nemo} The bearded clam speaks
[10:31] {nemo} iwm looks weak
[10:31] {RonS} heard prepared remarks released hours ago...
[10:32] {nemo} yesterday, I think
[10:45] {dino} gld drop
[10:45] {RonS} axp sm l .15 s/l lod
[10:50] {RonS} out -.10 axp
01[10:55] {&Threei}  I haven't heard much hawkish in testimony or q/a
01[10:55] {&Threei}  yet USD up, gold down
[10:56] {dino} tpwr drop
[10:56] {dino} towr
[11:04] {ese} good enough out full fslr .77 +.27 700shs/700shs
[11:08] {RonS} lol...Can Bernanke explain the difference between easy money and easier money? http://bloom.bg/1dEJLwh
[11:15] {dino} towr hl l .09 ave
01[11:15] {&Threei} Short Setup: GLD  124 break
01[11:15] {&Threei}  If holds  .10
[11:18] {dino} axp gap filed
[11:21] {ese} This game is going to drive me to drink look at FSLR..... nemo get the booze out,  I'm going to get on a plane I'll be over in a couple hours
[11:21] {RonS} ...and pass up all the bars along the way?
[11:22] {nemo} np...we'll go to Berklee
01[11:23] {&Threei}  pass out in all the bars along the way
[11:23] {nemo} well we want to get on the West side of Huntington Ave
01[11:25] {&Threei}  GLD...
01[11:27] {&Threei}  Ben: Wall Street hasn’t benefited more than Main Street.
01[11:27] {&Threei}  seriously?
01[11:28] {&Threei}  man...
[11:28] {ese} done
01[11:32] {&Threei} Long Setup:  CAT  .90 break
01[11:32] {&Threei}  If holds  .80
01[11:35] {&Threei}  doesn't act right
01[11:36] {&Threei}  scratching it into bounce
01[11:50] {&Threei}  grrrrr
01[11:50] {&Threei}  come on GLD
[11:52] {Alexs} cat still fighting
01[11:53] {&Threei}  don't care
01[11:53] {&Threei}  not a stock I want to be in
[11:53] {Alexs} you out?
01[11:54] {&Threei}  11:35] {&Threei} doesn't act right
01[11:54] {&Threei}  [11:36] {&Threei} scratching it into bounce
[11:54] {Alexs} k
01[11:56] {&Threei} Short Setup: GLD  .90 break
01[11:56] {&Threei}  If holds  123
01[11:59] {&Threei}  sigh
01[11:59] {&Threei}  this thing hates me today'
[12:12] {RonS} damn axp...
[12:15] {dino} axp pop
[12:28] {RonS} cat drop
[12:29] {nemo} Chanos talking short strategies CAT and HPQ
[12:29] {nemo} wow
[12:29] {RonS} chanos killng $DE $CAT $JOY
[12:30] {RonS} hmmm...Is the TV on a delay because $CAT started moving a couple of minutes before Chanos said it
01[12:30] {&Threei}  HPQ might be influenced by INTC report today
[12:31] {nemo} http://bo.st/13w9TDs
[12:38] {dino} utek hl l .99
01[12:43] {&Threei}  turns out waking up at 3:30 is not the best way to prepare for trading day
[12:44] {nemo} yeah, I woke up 4:30 my time migraine
[12:45] {dino} 6:15 here
01[12:45] {&Threei}  had guests to drop by at airport for an early flight
01[12:52] {&Threei} Long Setup:  IWM  .60 break
[12:57] {dino} out utek .18, +.19
01[13:01] {&Threei}  let's change IWM to .55 break
[13:06] {Alexs} what stop iwm?
[13:07] {Alexs} .29?
[13:07] {Alexs} 49?
[13:07] {dino} 36-24-36
01[13:07] {&Threei}  .49
[13:07] {Alexs} k
[13:08] {Alexs} thanx dino :)
[13:08] {dino} :-)
06[13:08] * dino slaps Alexs around a bit with a large trout
[13:10] {dino} towr to .30
[13:15] {nemo} finnies just keep grinding higher
[13:18] {dino} out towr .28, +.19
[13:22] {ese} L fslr .51
[13:23] {dino} grind day
[13:23] {ese} indeed
[13:24] {nemo} can't wait to hear about the paltry grand 9 has been able to make today
[13:24] {dino} lol
[13:24] {nemo} sorry, I'm bored
[13:25] {dino} no worries
[13:25] {dino} yawning here
[13:25] {dino} brb
01[13:40] {&Threei}  (US) Fed Chairman Bernanke: The Fed knows how to handle the exit from extraordinary policies without sparking inflation- Communication is key to preventing a sharp increase in rates. - Fed not seeing any problems in the MBS market related to QE. - If we raised rates right now the economy "would tank."
[13:42] {RonS} "Fed plans on letting O care do that."
01[13:43] {&Threei}  lol
01[13:44] {&Threei} Short Setup: CAT  .35 break
01[13:44] {&Threei}  If holds  .45
01[13:47] {&Threei}  Invalidated
01[13:47] {&Threei}  idea though remains, close to eod CAT is likely tio become a short candidate again
01[13:59] {&Threei}  Beige book is coming out
[14:00] {nemo} I wish they'd change the color to chartreusse
01[14:00] {&Threei}  lol
01[14:00] {&Threei}  reads moderately hawkish
01[14:00] {&Threei}  Banking conditions generally improved across the Districts. Credit quality improved, while credit standards remained largely unchanged.
01[14:01] {&Threei}  - Hiring held steady or increased at a measured pace in most Districts
[14:05] {nemo} could make an argument for fas short here
01[14:08] {&Threei} Long Setup:  BBY  .90 break
01[14:09] {&Threei}  If holds  .82
[14:11] {dino} scanners barely moving
[14:18] {nemo} hah, it worked kinda'
[14:28] {nemo} well finnies stayed in upper half of channel, and IWM looks long
[14:48] {+cc_9} SPY still @ a channel on the day, currently @ bottom of channel
01[14:52] {&Threei} Short Setup: CAT  .60 break
01[14:52] {&Threei}  If holds  .70
01[14:54] {&Threei}  1:1
[14:55] {dino} ocrx spike, thin
[14:55] {robbers} Missed it, but nice call.
01[14:55] {&Threei}  :(
[14:59] {bbobr} Vad, would you be reversing  (long)   CAT at any lower level ?
01[14:59] {&Threei}  only if it drops far and fast
[14:59] {bbobr} thanks
01[15:00] {&Threei}  woth this blow delivered today by Chanos, it's very likely to get hit by another wave of selling into close
[15:02] {dino} dd spike
[15:03] {dino} hl s .99
[15:04] {RonS} Peltz's Trian Takes Large Stake in DuPont -CNBC's Sorkin
[15:08] {dino} thx
[15:14] {nemo} anybody awake?
01[15:14] {&Threei}  I just woke up after reading a question asked by local TV news station
01[15:14] {&Threei}  I think they lost their mind
01[15:14] {&Threei}  judge for yourself:
01[15:15] {&Threei}  CHEK Point Question: Are you excited about the royal baby? Why or why not?
[15:15] {nemo} think I'd rather pick my nose
[15:16] {RonS} bunny pregnant?
[15:17] {nemo} she's around here someplace
[15:17] {RonS} just when I think it can't get any worse.....Lesss!!!...come back...please...
[15:17] {nemo} told, ya' raisins are serious bunny crack
[15:17] {nemo} she won't even eat the treats I got for her anymore...if their not raisins, she don't want 'em
[15:17] {dino} dd stop -.32
[15:18] {nemo} I put the nuclear option on any retort you might have for that statement, that's all
[15:18] {RonS} she's efficient raisins in, raisins out...
01[15:18] {&Threei}  oh lord... you should read some of the answers...
01[15:18] {&Threei}  just one, before I feel like puking:
[15:18] {nemo} yeah, there was an old joke along that line, "ever notice how rabbits don't eat raisins?"  Obviously, they never had a rabbit
01[15:18] {&Threei}  Yup! I'm hoping Kate has a girl! Another little Princess to add to the royal family
[15:19] {+cc_9} nice bounce SPY, solid SSO trade
[15:19] {nemo} On another note, where I do my exercises I seem to have developed a fan
[15:19] {nemo} This chipmunk usually shows up and watches me...kinda' weird
[15:19] {RonS} heard they approved gay marriage today...plenty of princesses to go around...
[15:19] {+cc_9} SSO entry on SPY being @ bottom of range }} http://img690.imageshack.us/img690/6228/wefa.jpg
01[15:20] {&Threei}  lol
[15:20] {dino} dd hl s .50
[15:20] {nemo} maybe they'll hire Les fulltime
[15:21] {nemo} cmon' what a setup...jeez...
[15:27] {dino} cov dd .00, +.50
[15:29] {+cc_9} GDX some weakness here
[15:38] {ese} out fslr .02 +.51.....am done for the day.......cyou all tomorrow
01[15:39] {&Threei}  take care ese
[15:40] {ese} cya vad
01[15:43] {&Threei} Short Setup: GDX  .90 break
01[15:43] {&Threei}  If holds  .95
01[15:49] {&Threei}  time's running out
01[15:49] {&Threei}  thank you all, have a good evening
[15:49] {dino} cya
01[15:49] {&Threei}  see you tomorrow
[15:52] {bbobr} gn all