Tuesday, July 23, 2013

June 23 2013

Decently profitable day, with well-controlled stops and a few juicy winners. The resilience of this market is remarkable, nothing brings it down.

Session Time: Tue Jul 23 00:00:00 2013
[09:18] {dino} gm
01[09:18] {&Threei}  morning dino
[09:19] {cipher} gm
01[09:19] {&Threei}  cipher :)
[09:19] {RonS} here
[09:19] {bbobr} gm
01[09:19] {&Threei}  ron, bbobr :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:25] {nemo} http://www.youtube.com/watch?v=oH_Qb4fdHfg&feature=youtu.be&a
[09:26] {ese} gm
[09:26] {nemo} sheesh...out of wine
01[09:26] {&Threei}  ese :)
[09:29] {ese} lol
[09:29] {ese} don t ya hate it when that happens early in the morning
01[09:30] {&Threei} Short Setup: GDX  .40 break
01[09:30] {&Threei}  If holds  .45
01[09:34] {&Threei}  Invalidated
01[09:36] {&Threei} Short Setup: GDX  .55 break
01[09:36] {&Threei} Short Setup: FCX  .55 break
01[09:37] {&Threei}  GDX got away
01[09:37] {&Threei}  FCX, if stays under .62
01[09:39] {&Threei}  no worky
[09:40] {dino} dxx sm l .30
[09:41] {cipher} DXX?
01[09:43] {&Threei} Long Setup:  GDX  .25 break
01[09:43] {&Threei}  If holds  .17
[09:44] {dino} idxx sorry
[09:44] {+cc_9} good morning everyone.
[09:44] {cipher} np
01[09:44] {&Threei}  cc9 :)
[09:44] {nemo} .17 is Weekly R1
[09:45] {dino} out idxx 93.80, +1.50
[09:45] {+cc_9} DUST looking very attractive at these levels
[09:46] {dino} tough crowd
[09:46] {dino} mlnx drop
[09:46] {+cc_9} IDXX my type of trades, well done nimo
[09:46] {+cc_9} I shoulda came in early
[09:47] {+cc_9} dino*
[09:47] {+cc_9} nimo = nemo + dino
[09:47] {dino} ty, lol
[09:48] {nemo} sorry dino
[09:49] {nemo} pissin' down rain here
[09:49] {dino} send it my way nemo
[09:50] {nemo} yeah, we kinda' needed it too
01[09:50] {&Threei}  wtf
[09:50] {+cc_9} nice signal on MLNX
[09:50] {+cc_9} out MLNX +$0.23, thx dino.
[09:51] {+cc_9} DD big fade on gap
[09:51] {dino} wat all over the tape
[09:52] {dino} np, gj cc9
01[09:53] {&Threei} Short Setup: CAT  86 break hl
01[09:53] {&Threei}  late...
[09:53] {nemo} dd bounce likely here
01[09:54] {&Threei}  valid again on a break
01[09:54] {&Threei}  If holds  .10
[09:54] {+cc_9} DUST so far so good
[09:55] {+cc_9} looking for 78+ tgt
[09:55] {nemo} ah shit..now I'm hearing Kansas songs
[09:55] {dino} dust in the wind, huh?
[09:55] {nemo} yeah,
[09:55] {nemo} I liked Masque the best
[09:55] {nemo} sso bounce territory
01[09:56] {&Threei}  stop to .06
[09:56] {nemo} dd break of .80 holds .70
[09:58] {+cc_9} Long DD here
[09:58] {nemo} it's having a bit more difficulty here tan I expected
[09:59] {+cc_9} nemo, ditto, needs back over 59 for solid reversal
01[10:00] {&Threei}  *(EU) EURO ZONE JULY ADVANCE CONSUMER CONFIDENCE: -17.4V -18.3E
01[10:00] {&Threei}  out
01[10:01] {&Threei}  DD starts working
[10:02] {+cc_9} here we go
[10:02] {+cc_9} 59.375 tgt for now
[10:02] {nemo} what's wrong with .378?
[10:03] {+cc_9} it does not end with 5
[10:03] {nemo} ahhh, neither do you
[10:03] {+cc_9} if you say so
[10:03] {nemo} ok +cc_5
01[10:03] {&Threei}  cc_9.375
[10:03] {+cc_9} lol
[10:04] {nemo} +CC_3.1416
[10:04] {+cc_9} come on DD, push 59.10 already
[10:04] {nemo} this top is the 3 min/34 ema
[10:04] {+cc_9} target changed from 59.375 to 59.40
01[10:04] {&Threei} Short Setup: C  .10 break
[10:04] {nemo} whoa, have to call him +CC_9(brass)ball
[10:05] {dino} 07 red
[10:05] {nemo} IWM weak, about to close gap
01[10:06] {&Threei}  If holds  .20
[10:07] {nemo} spy at pivot
[10:07] {+cc_9} 59.10 is breakout price
[10:07] {nemo} iwm at yesterday close
[10:07] {nemo} sso CC
[10:07] {nemo} fas pivot .95
[10:09] {+cc_9} S&P opened at another record high nemo, im trying to figure out if SSO trade here will be worth it
[10:09] {nemo} iwm fas and spy coming into support together, that tends to work
[10:09] {nemo} let me pull my head out of my ass to get a better look
01[10:10] {&Threei}  half out .03
[10:10] {nemo} Qs coming into S1
01[10:10] {&Threei}  stop to .16
[10:10] {+cc_9} DD testing intraday support
[10:11] {+cc_9} MLNX @ yesterday's LOD fwiw
[10:14] {+cc_9} DD taking out the lows
[10:15] {dino} mlnx definition of "pulp"
[10:16] {dino} watching silc for gap fill
[10:16] {+cc_9} added DD 58.50
01[10:16] {&Threei}  frikin CAT
[10:16] {+cc_9} sitting tight now avg .73
[10:16] {dino} wat trades in bucks, need it to calm down
[10:17] {ese} L gdx .52
[10:17] {+cc_9} MLNX flushing below yesterday's lows, no position. Baby sitting DD for now
[10:18] {dino} gap around 44.33
[10:19] {+cc_9} good call nemo on IWM/FAS/SSO bounce play
[10:19] {nemo} nemo=broken clock=right twice a day.  Less if you ask my girlfriend
[10:20] {dino} silc gap fill
[10:20] {dino} sm l .82 ave
[10:21] {ese} L arry .56
[10:22] {Alexs} C trail to .11 now?
01[10:24] {&Threei}  sure
01[10:25] {&Threei}  1/4 more out .92
01[10:25] {&Threei}  trail to .06
[10:26] {dino} out silc .47 ave -.35
[10:33] {dino} silc sm l .15
01[10:33] {&Threei}  NYSE volume 145M shares, about 3% below its three-month average;
01[10:34] {&Threei}  (US) House Speaker Boehner (R-OH): There will be no increase in the debt ceiling without spending cuts.
01[10:35] {&Threei}  for today, CAT changes its symbol to RAT
[10:35] {Alexs} lol
[10:42] {dino} trv drop
[10:43] {ese} out gdx .81 +.25
[10:44] {dino} gj
[10:44] {ese} tks
01[10:44] {&Threei} Short Setup: GLD  .80 break
01[10:45] {&Threei}  If holds  .85
01[10:47] {&Threei}  1:1
01[10:48] {&Threei}  C stop to .01 now
[10:48] {dino} usna drop
01[10:48] {&Threei}  GLD... fading .80 breakout... strategy works :)
[10:48] {+cc_9} DD ruining my day
[10:50] {nemo} it's been riding the sma20 all the way down
01[10:51] {&Threei}  out C in full
01[10:51] {&Threei}  .82
[10:52] {nemo} UPS might provide a decent short opportunity hear if it stays below .25
[10:52] {ese} out arry F!!!!!!!!!!!!!! .26 -.29 F!!!!!!!!!!!!!!! the lord giveth and the lord friggin taketh away
[10:52] {nemo} here
[10:52] {nemo} No, ese, I do the taking away...God sorts it out after
[10:53] {+cc_9} nemo, i was only looking for about $0.40 on DD on a gap/fade then reversal
[10:53] {+cc_9} only its been headfaking and moving lower
[10:54] {nemo} when it made that hammer on 3 minute and then dropped it, that wsa it, now look for bounce at yestedya's close
[10:55] {+cc_9} SPY little bounce, DD nothing yet
[10:56] {nemo} dd trying to make hammers
[10:57] {+cc_9} jeez...cant' even have a dead cat bounce so i can get out already
[10:57] {nemo} either close or whole number
[10:57] {nemo} daily pivot is yesterday close
[10:58] {nemo} at close
[10:59] {nemo} .17 pivot
[10:59] {nemo} volume coming in, they're trying to bottom it
[10:59] {+cc_9} 60.40 pre-market to 57.12 now. Damn
01[11:00] {&Threei} Short Setup: MCD  .40 break
01[11:01] {&Threei}  If holds  .45
[11:01] {nemo} oh sheesh, DD drops .90 good night Irene
[11:02] {nemo} there's your whole number bounce
[11:03] {nemo} spy should get to 169 and turn around
[11:04] {nemo} dd probably gets to .50ish
[11:06] {nemo} next is 58
[11:08] {+cc_9} getting close
[11:09] {nemo} might want to partial here
[11:11] {+cc_9} trying trying
[11:11] {nemo} no hoping hoping
[11:12] {+cc_9} some profit taking on that bounce, lets see how long it wants to consolidate before another leg up
01[11:12] {&Threei}  1:1
01[11:12] {&Threei}  C 1:4...
[11:13] {+cc_9} trying to get a crack @ .80 bid DD
[11:15] {+cc_9} stuck @ 57.80 first wall
01[11:16] {&Threei}  1:5... next time we short C, let's hold each other hands to keep each other from covering it
01[11:16] {&Threei}  whoever happen to hold nemo's hands, watch out for poisoning by osmosis
[11:16] {+cc_9} SPY trying to catch a bid, lets see if that helps DD at all
01[11:17] {&Threei}  I doubt it, DD is a fresh mover, tends to be independent
[11:22] {+cc_9} DD is also part of the Dow Jones (could be seen as a market mover)
[11:22] {RonS} beav getting waxed...
01[11:22] {&Threei}  MCD 1:2
01[11:23] {&Threei}  who would have thought the day turns like this after first trades
[11:24] {+cc_9} DD breaking out is $0.20 away from market (give or take 57.85)
[11:28] {+cc_9} sideways action DD
[11:29] {+cc_9} SPY pushing a bit, see if that gives any in-flow DD
[11:29] {nemo} wow, this one bear really cleaning up at the river today
[11:31] {RonS} has soap?
[11:31] {nemo} oh...sorry, salmon
[11:32] {nemo} wish they had sound...that would be nice to have the sound of a running river in the background
[11:32] {nemo} http://bit.ly/12QHnxi
[11:32] {nemo} HOLY SHIT!!!! the SPY is down .23!!!
[11:33] {RonS} how much is salmon in Vickyville?
[11:35] {+cc_9} DD slight uptick
[11:35] {RonS} store here sold some silver brights for $2/lb...realize that's a junk fish up there...
[11:35] {nemo} slope of hope there cc?
[11:36] {RonS} guess I insulted the Queen...
[11:36] {nemo} ?
[11:37] {+cc_9} nemo, no hope...just stating what I'm seeing
[11:37] {nemo} well what your programming perceives
[11:37] {RonS} Vickeyville then no reply...
[11:37] {nemo} was I supposed to reply?
[11:38] {RonS} sheesh, no, someone who lives in Victoria...:P
[11:38] {nemo} o.k.
01[11:38] {&Threei}  huh?
01[11:38] {&Threei}  lol
[11:38] {+cc_9} DD .70s, 57.80 wall test on the way
01[11:40] {&Threei}  there are too many variations of salmon, ron... anywhere from $.99/lb for the pink salmon to $2.99 for coho
[11:40] {RonS} wow coho 10=12 bucks here
[11:40] {RonS} 10-12
01[11:41] {&Threei}  eeck
[11:41] {+cc_9} DD wall test
[11:41] {+cc_9} push push push
01[11:42] {&Threei}  MCD, if reaches 1:3 will try to trail and hold for 1:4
[11:42] {RonS} can't afford the good fish and palate cannot handle farm raised...
[11:42] {+cc_9} DD through the wall, next stop 58
[11:43] {nemo} oh, oh, not good when dd tops out there
[11:45] {+cc_9} I have a feeling DD plays out the same as SNDK from last week
01[11:46] {&Threei}  1:3
01[11:46] {&Threei}  stop to .21
[11:48] {+cc_9} SPY another leg up
[11:49] {+cc_9} DD already trading 1.5x avg daily volume with over 4 hours to go
[11:51] {nemo} DD doesn't hold this swing low, likely to go test the bottom and that .90 level on the daily
[11:54] {+cc_9} needs to hold 57.40 intraday channel support post-bounce
[11:54] {nemo} yeah, that R1 level
[11:57] {+cc_9} sideways move no bueno
[11:58] {nemo} muy peligroso
[11:58] {RonS} cold pellegrino
[12:05] {+cc_9} Some volume there DD, either a gang of stops under .40 or just a big sell
[12:11] {dino} lo hl l .20
[12:15] {+cc_9} ugly downtick here DD
[12:15] {dino} trv waking
[12:16] {nemo} yeah, it double topped at the 3/34 ema, that is often a demarcation line for strong or weak stocks
[12:26] {+cc_9} DD flirting with LOD range, meanwhile SPY catching a bid
[12:26] {nemo} indexes cant stay red
[12:27] {nemo} DD might bounce here
[12:39] {ese} L gdx .00
[12:49] {+cc_9} DD nice call on that bounce nemo
[12:49] {+cc_9} back to .60s
01[12:54] {&Threei}  @TheTweetOfGod
01[12:54] {&Threei}  The reason I don't respond to your tweets is the same reason I don't respond to your prayers: I infinitely don't care.
01[12:57] {&Threei}  (US) White House Press Sec Carney: It is dangerous to 'flirt' with default, is unthinkable that the US would default- Comments come after both McConnell and Boehner earlier made comments regarding conditions for raising the debt ceiling and targets for spending
[12:57] {+cc_9} SPY drop, DD bid holding for now
01[12:58] {&Threei}  (US) Senate Minority Leader McConnell (R-KY): The US does not need any more revenue, US should not walk away from spending cuts- Comments that President Obama wants to 'undo' spending cuts
01[12:58] {&Threei}  play for 2014 starts in earnest I see
01[12:59] {&Threei}  (GR) Germany Fin Ministry: Have not been able to confirm all measures needed before sending payment to Greece; have delayed aid tranche
[13:00] {+cc_9} Thanks for MLNX who ever alerted it
[13:01] {dino} yw
[13:04] {dino} trv sm l .45
[13:06] {+cc_9} market pushing, need .80s on DD
[13:06] {+cc_9} made some on MLNX, not enough to offset
[13:07] {ese} L amtd .01
[13:07] {ese} daaaaaaa .88997 make that .02 amtd
[13:18] {nemo} no way this market can stay red
[13:18] {nemo} can you imagine a day without all time highs?
[13:22] {nemo} ebay looks short here
[13:26] {+cc_9} DD having little trouble @ 57.70
01[13:29] {&Threei} Long Setup:  DD  .75 break
01[13:29] {&Threei}  If holds  .65
01[13:37] {&Threei}  doesn't trade right
[13:37] {+cc_9} .80 major wall still Vad
01[13:37] {&Threei}  no worky
[13:38] {+cc_9} 3rd time it tests today
[13:40] {+cc_9} DD : 1 hour to move 30 cents up, 10 seconds to move 30 cents down
[13:44] {+cc_9} what a piece of sh*t
[13:45] {+cc_9} nearly 2 hours for a slow and steady reversal, gives that back in a couple of minutes
[13:54] {nemo} sbux short setting up
[13:57] {dino} stop lo .09 -.11
[13:57] {nemo} stx coming into resistance, methinks short posible if it stays under 46.10, trigger not there yet
[13:58] {dino} yyyyaaaaawwwwwwwwwwwwwwnnnnnnnnnnnnnnnnnn
[14:11] {ese} out amtd .18 +.16
[14:11] {nemo} shit, forgot about stx
[14:13] {nemo} PNC might be long here
[14:14] {nemo} they're showing the royal baby on TV...
01[14:14] {&Threei}  sheeesh
[14:14] {nemo} what?
01[14:14] {&Threei}  someone pass nemo a beer
[14:17] {RonS} ...place an emergency phone to Les...he seems to be the only one who calms Nemo down
[14:17] {nemo} I told ya' I'm outta' booze...couldn't start the morning with my normal regimen
01[14:17] {&Threei}  well, we need that jazz festival to be over for les to return
[14:19] {ese} L gdx avg .91
[14:19] {ese} I think this is the last week
[14:20] {nemo} UA coming into bounce territory, but not much R:R
[14:24] {ese} out gdx .98 +.07 phewwwwww!!!!!!!! don't ask
[14:25] {+cc_9} DD last attempt in a trade here 57.58, stop loss 57.20 tgt 58.20
[14:33] {+cc_9} jeez...
[14:34] {nemo} in dino's words cc, there are better worlds
[14:34] {dino} ;-)
[14:35] {RonS} Duke of Cambridge: 'We are still working on a name'
[14:35] {+cc_9} i dont have time for worm hole and time travel talk, need DD to go
[14:35] {RonS} ...thought about Nemo......Not!
[14:36] {+cc_9} I should have know better
[14:37] {+cc_9} DD makes paint, watching their stock is like...etc...
[14:37] {nemo} poor CC, he's becoming incoherent
[14:37] {+cc_9} Not really
[14:37] {+cc_9} DD = DuPont
[14:37] {+cc_9} DuPont makes paint
[14:37] {+cc_9} stock is like watching paint dry
[14:38] {+cc_9} coherent.
[14:38] {nemo} o.k.
[14:38] {nemo} thought you might be sniffing their turpentine
[14:40] {+cc_9} DD is officially trading 2x avg daily volume
[14:42] {nemo} ebay interesting on 3 minute, they tried to jack it 10:30 then again 1:30 ish same technique
[14:44] {nemo} dd looks short
[14:44] {+cc_9} SPY back to positive territory
[14:47] {+cc_9} HLF big bounce here
[14:48] {nemo} What?  you think we're not gonna' get a new all time high today?
[14:48] {+cc_9} DD big seller at .52
[15:01] {+cc_9} HLF so far so good
01[15:05] {&Threei} Short Setup: GDX  .05 break
01[15:05] {&Threei}  If holds  .10
[15:06] {+cc_9} DD triple bottom range confirmed
[15:06] {+cc_9} $57.25, tested 3 times, held 3 times
[15:07] {nemo} yeah, but does it get back to your .52 seller
[15:13] {ese} hmmmmm well i'm done for the D catch you all on the flip side
[15:15] {+cc_9} out DD, out HLF
[15:15] {+cc_9} Now I will watch DD go into EOD
01[15:22] {&Threei} Short Setup: GDX  .20reak
01[15:22] {&Threei}  If holds  .25
[15:24] {nemo} Vad .36 might be the top on GDX
01[15:24] {&Threei}  yup, will watch for .30 - .35 range next
[15:30] {nemo} so, if you bought S1 in SPY and held, yippee
[15:30] {nemo} it's been grinding in a .20 channel ever since 11
01[15:30] {&Threei} Short Setup: GDX  .25 break
01[15:31] {&Threei}  If holds  .31
[15:31] {nemo} WR2 is .36
[15:31] {nemo} 29 is daily R2
[15:31] {nemo} .29
01[15:33] {&Threei}  Toyota Motor Corp Toyota and Ford suspending planned development of a hybrid system for light trucks and SUVs - Nikkei News- Signed an agreement in Aug 2011 to look into the necessary technological adaptations and the prospects for commercialization of technology.
[15:33] {nemo} they don't want anything to do with Detroit
01[15:34] {&Threei}  - NYSE volume 430M shares, about 9% below its three-month average; - NASDAQ volume 1.27B shares, about 6% below its three-month average
01[15:34] {&Threei}  no wonder... Detroit doesn't want anything to do with Detroit
[15:39] {+cc_9} I don't feel so bad about having dumped DD now
01[15:44] {&Threei}  1:1
[15:46] {Alexs} do you see it can go lower Vad?
01[15:47] {&Threei}  it formed a top and established downtrend
01[15:47] {&Threei}  so... playing by the book
01[15:47] {&Threei}  stop .26 and waiting for resolution
[15:47] {Alexs} ok
01[15:47] {&Threei}  or closing bell
01[15:47] {&Threei}  whichever comes first
01[15:53] {&Threei}  OK, done
01[15:53] {&Threei}  thank you all, have a great evening
01[15:53] {&Threei}  see you tomorrow