Wednesday, August 14, 2013

Aug 14 2013

Another day in the office - solidly profitable and boring. What else is new. While CREE, DE etc delivered some entertainment, our usual breadmakers delivered profits.

Session Time: Wed Aug 14 00:00:00 2013
[08:55] {dino} gm
01[08:55] {&Threei}  morning dino
[08:59] {dino} cree blood
[08:59] {RonS} mohawk attack?
01[08:59] {&Threei}  lowered guidance
01[08:59] {&Threei}  lol ron
01[09:00] {&Threei}  actually, rolf
01[09:00] {&Threei}  rofl
[09:01] {RonS} tepid reaction to DE beat
[09:02] {RonS} classic...$M feeling good about back to school…. Adding inventory…. Annnnd we’re going to miss 2nd half” - Macy’s release
01[09:03] {&Threei}  never ppst negative press-release withiout adding some fluff that would allow bagholders to find something to feel good about
[09:07] {+cc_9} Good morning
01[09:08] {&Threei}  cc9 :)
[09:08] {+cc_9} Airlines on the menu today ?
[09:10] {RonS} airlines trading like market expects rule of 3 w/ UPS crash being number 1...on the other hand w/ their stocks crashing yest maybe that's no. 2...
[09:16] {+cc_9} Complete chaos in Egypt today
[09:16] {+cc_9} wild figures are coming out
[09:16] {RonS} Egypt's stock exchange, banks to close on Thursday following violence, official says
[09:17] {+cc_9} public transportation closed also
[09:17] {+cc_9} Figures are 100 to 2,000 dead
[09:17] {dino} religion is ruining the world, especially over in middle east
[09:18] {RonS} next up...O sends Egypt mo' money...
01[09:19] {&Threei}  miss mubarak yet?
[09:20] {+cc_9} Its not really "aid" when the money sent comes with strings attached that forces Egypt's military to use it only to buy American weapons. That money basically comes back in the pockets of defense contractors...
[09:20] {+cc_9} (in other words, US tax payers are indirectly paying the weapons manufacturers)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:26] {nemo} chopped liver again
[09:26] {cipher} gm
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  you have unrealistic expectations... never saying hello, yet expecting to be greeted? {G}
[09:27] {dino} ssni?
01[09:27] {&Threei}  watching C for a long setup
[09:28] {+cc_9} why can't market wait till the open to rip up from its gap down...sigh
01[09:28] {&Threei}  SSNI decent earning report
01[09:28] {&Threei}  aug 1
[09:28] {nemo} why don't you get in a little earlier?
01[09:28] {&Threei}  nothing new today
[09:28] {nemo} cree on KY patrol
01[09:28] {&Threei}  graphic... lol
[09:28] {dino} filling multpile gaps, cree
[09:29] {nemo} gonna' be some bruised ankles today
[09:29] {+cc_9} DE big gap up 86, back to 84 @ open. ER play
[09:29] {bbobr} gm
01[09:29] {&Threei}  bbobr :)
[09:30] {ese} am in.....forgot the new password
01[09:30] {&Threei}  right
[09:30] {+cc_9} DE this could get a reversal back up
01[09:31] {&Threei}  C jump before giving a chance for entry
[09:32] {nemo} de should bounce by 82.80
[09:33] {+cc_9} DE beat on report, tanking
01[09:33] {&Threei} Long Setup:  GDX  .45 break
01[09:33] {&Threei}  If holds  .40
[09:34] {dino} ssni sm l .30
[09:35] {+cc_9} wow DE, decimated
01[09:35] {&Threei}  1:1
[09:35] {nemo} wow, alliteration
[09:36] {+cc_9} DE small long here
01[09:36] {&Threei}  1:2
[09:36] {robbers} Out GDX, thanks Vad.
01[09:36] {&Threei}  yw
[09:37] {+cc_9} DE guidance raised, this thing bounces
[09:37] {dino} de, corn prices drop...?
[09:37] {+cc_9} Shotting for $84+ on reversal
[09:38] {+cc_9} so far so good.
01[09:38] {&Threei} Short Setup: C  .25 break
01[09:38] {&Threei}  If holds  .32
[09:40] {+cc_9} } $83 DE
[09:41] {RonS} took ssni 24.15 to 24.60 +.45  thanks dino
01[09:41] {&Threei}  1:1 close enough
01[09:41] {&Threei}  wtg guys
[09:42] {dino} gj, yw ron
01[09:42] {&Threei}  GDX out in full
[09:43] {+cc_9} good job on GDX
[09:43] {+cc_9} DE looking for second leg to break 83.50
01[09:43] {&Threei}  ty
[09:45] {+cc_9} FB nice comeback from yesterday EOD sell-off
[09:45] {+cc_9} UAL on the other hand continues to flush
[09:45] {+cc_9} DE bids coming in
[09:46] {Alexs} what trail stop on C?
[09:46] {+cc_9} DE having trouble @ 83
01[09:46] {&Threei}  .21
[09:47] {Alexs} k
[09:47] {robbers} Out C in full, thanks.
01[09:47] {&Threei}  :)
[09:47] {dino} cree lod
[09:50] {nemo} DE probably gonna drop .50
[09:51] {+cc_9} DE unreal
[09:53] {+cc_9} DE will be trading its entire avg daily volume by 10:30AM
[09:53] {+cc_9} some dip buyers stepping in again @ 82 area
01[09:53] {&Threei} Short Setup: GDX  .90 break
01[09:53] {&Threei}  If holds  .95
01[09:54] {&Threei}  Invalidated
01[09:56] {&Threei} Short Setup: GDX  28 break
01[09:56] {&Threei}  If holds  .06
[09:57] {+cc_9} DE just cant seem to hold any level
01[09:58] {&Threei}  looks like stabilized here, DE
[09:58] {+cc_9} Needs to get through 82.50 and hold that bid
[09:59] {+cc_9} #s were good, guidance was good, pre-market high pushed near $87
[09:59] {nemo} wow look how tight the indexes are
[09:59] {dino} whining about corn crop, fwiw
[09:59] {dino} de sm l .30
01[09:59] {&Threei}  no go GDX
[10:00] {dino} cree .60 wall, trigger imo
[10:00] {+cc_9} DE repeating same pattern as earlier $83 wall, now 82.50 wall
[10:02] {+cc_9} IF DE was near daily highs, I would understand the drop...but its not
01[10:05] {&Threei} Long Setup:  BBRY  .20 break
01[10:05] {&Threei}  If holds  .15
01[10:05] {&Threei}  (can't believe I am calling this POS long, lol)
[10:06] {+cc_9} out DE, what a piece of crap
[10:06] {+cc_9} will reload if another bounce over $82
[10:06] {nemo} not if you were short
01[10:07] {&Threei}  and it's immediately proving that it is POS
[10:07] {Alexs} lol
[10:07] {+cc_9} i wonder how DE would have traded had they reported an earnings loss and lower guidance...
[10:07] {nemo} they would have been up
[10:09] {+cc_9} stop loss triggers, stock double bottoms
[10:09] {+cc_9} blah...
[10:11] {RonS} only 1 block trade in de thus far...
[10:13] {+cc_9} in 45 minutes, DE traded its entire avg daily volume
[10:14] {+cc_9} cant even get through 82, what a damn shame
[10:14] {+cc_9} id like to revisit the long side, but all this volume and no confidence....
01[10:14] {&Threei} Long Setup:  TZA  .05 break
01[10:15] {&Threei}  If holds  25
[10:17] {+cc_9} DE bids falling, too close to LOD
01[10:17] {&Threei}  looks very breakdownish
[10:18] {+cc_9} the pop early near 83 was its biggest chance for a reversal as it brought it more bounce players
[10:18] {+cc_9} its gonna take some time now
[10:19] {+cc_9} will get back in 82
[10:19] {+cc_9} back in DE
01[10:20] {&Threei}  need SPY to lose .20
01[10:21] {&Threei}  oh boy... what a beautiful e-mail I've got
01[10:21] {&Threei}  exceeds all I quoted before
01[10:21] {&Threei}  wait till we are clear of trades and market activity dies down, you'll love this one
01[10:21] {&Threei}  meh TZA
[10:23] {+cc_9} ok DE....lets get this bounce going
[10:24] {nemo} 82.60 ish might be the limit
[10:24] {dino} cc9 target de?
[10:24] {dino} thinking 83
[10:24] {nemo} yep possible, would take some off at .60
[10:25] {+cc_9} I'm still aiming for $84
[10:25] {+cc_9} i know...crazy
[10:25] {+cc_9} but in all reality, the #s were solid and so was the guidance, i cannot find anything about this drop
[10:25] {dino} i can see that too
[10:25] {nemo} I hear that solvent rational quote going through my head
[10:25] {+cc_9} As I said, this drop would have made sense if the stock was trading near daily highs and today we see profit taking, but that was not the case.
[10:26] {nemo} nice grammar there 9
[10:27] {+cc_9} were*
[10:27] {+cc_9} w/e
[10:27] {+cc_9} DE 82.80s
01[10:27] {&Threei}  we're
[10:27] {nemo} no..."As I said"
[10:27] {+cc_9} pushing $83 at last
[10:28] {+cc_9} Moment of truth, $83 was a major wall
01[10:30] {&Threei} Long Setup:  MCD  .10 break
01[10:30] {&Threei}  If holds  96
01[10:30] {&Threei}  aggressive for .20
[10:30] {+cc_9} DE can't see a slowdown here, need 83.20
[10:31] {+cc_9} come on....
[10:32] {+cc_9} damn it , how many times does it need to test 83
[10:32] {nemo} that's it, back down
[10:32] {nemo} double top short setup
[10:32] {nemo} has to hold here vwap and support
[10:33] {+cc_9} that drop from 83 was on tiny volume...go figure.
[10:33] {nemo} interesting...price resistance but technical at 34 ema on 3 min
[10:34] {+cc_9} one desk is buying, another is dumping
[10:34] {nemo} spy holding under vwap,  needs to hold above daily pivot or we likely test 169
[10:36] {nemo} wow gdx running
[10:36] {+cc_9} meanwhile IWM has a nice range
[10:37] {+cc_9} 104.22 - 104.52 so far
[10:37] {nemo} a whole .38 cents
[10:38] {+cc_9} which translates to a nice $0.50 on TNA
[10:38] {RonS} DE:  "Analysts believe past quarter marked peak of current farm cycle"
[10:39] {+cc_9} Not in Brazil.
01[10:40] {&Threei}  come on MCD
01[10:40] {&Threei}  break and run
01[10:40] {&Threei}  so we could flip you
01[10:40] {&Threei}  (yeah, I borrowed cc9's horrible joke)
01[10:40] {&Threei}  (because mine are even worse)
[10:41] {nemo} here comes the 169 test, which means we'll bounce, because you gotta' turn around at 69
01[10:41] {&Threei}  what is it, contest of bad jokes?
[10:42] {RonS} ...there is worse and there is worser...
01[10:42] {&Threei}  because if it is, I'll be a judge
[10:42] {nemo} no...I would never think of challenging you Vad
01[10:42] {&Threei}  right
[10:42] {+cc_9} DE catching some bids, slowly, volume drying up for now (avg daily already traded)
[10:42] {nemo} Ron, I don't think there is "worser"
01[10:42] {&Threei}  no one's joke can be worser than mine, mine are the wortstest
01[10:43] {&Threei}  come on nemo... without worser how do you get to worstest?
[10:43] {+cc_9} IWM held its intraday support
[10:43] {nemo} 104.19 yesterday's pivot
[10:44] {+cc_9} big volume IWM
[10:44] {RonS} stupid q of the day:  how is it that worsted wool is the best wool there is?
[10:44] {+cc_9} biggest volume bar since open actually
[10:44] {nemo} actually, it's some stuff made from a South American animal
01[10:45] {&Threei}  you'd think it was destined to be a winner ron... but wait for the e-mail I'll post
[10:45] {nemo} O.K, How do you catch a unique bird?
[10:45] {nemo}   U   nique up on him...
01[10:46] {&Threei}  we might have a winner...
[10:46] {nemo} any coffee spitters?
[10:46] {nemo} that was courtesy  of my long dead grandmother
[10:46] {RonS} trying to figure if that is a 2nd or 5th grade joke...
01[10:46] {&Threei}  pre-school
[10:46] {nemo} depends on whether you're in the innercity
[10:47] {RonS} lol
[10:47] {+cc_9} DE back under $82...jeez
[10:48] {+cc_9} trading as if downgrades are pouring in
01[10:48] {&Threei}  Invalidated  MCD
[10:48] {nemo} market 9
01[10:48] {&Threei}  too bad, this looked ery promising
[10:48] {+cc_9} nemo, yes, but most of the time earning plays tend to have their own moves regardless of market direction (key word : most)
[10:49] {nemo} well, if you notice, DE moved up with the spy, and then the SPY doubletopped at the same time DE did
01[10:51] {&Threei}  lol:
01[10:51] {&Threei}  ‏@TheTweetOfGod
01[10:51] {&Threei}  I'm so sick of "damning it" for you people. Damn it yourselves, damn it.
01[10:52] {&Threei}  MCD is still on a radar
[10:52] {dino} qiwi drop
01[10:52] {&Threei}  held too well during SPY drop, and that .20 break is real prize
[10:53] {+cc_9} SPY reversing, DE nada
[10:53] {nemo} nichts nyet null zed zip
[10:56] {+cc_9} CREE death grind in full effect
01[10:56] {&Threei}  Attention:  MCD  is valid again
[10:57] {+cc_9} DE turning into an investment
[10:57] {ese} ok ...that was an interesting morning......vad i've been by your house via the highway twice.....5:30 am and just now7:00am....first to take the family to the airport and then go out again because they forgot there i'ds.....they wouldn't let them on the 7:00am flight to Calgary
01[10:58] {&Threei}  wow
[10:58] {ese} got rebooked on the 9 though....should have stopped in for coffee
01[10:58] {&Threei}  can't believe you made it in time
01[10:58] {&Threei}  oh, I see
01[10:59] {&Threei}  not sure about coffee at that time though {G}
01[10:59] {&Threei}  vodka is more likely as it doesn't require preparation time
[10:59] {+cc_9} The TSLA bubble slowly bursting if anyone still tracking this .com
[11:00] {nemo} DE can't get above VWAP
[11:00] {ese} you make strong coffee....i coulda used it
01[11:00] {&Threei}  come on SPY
[11:00] {ese} ok well trading day feels shot.....have no sense of whats going on at this time
[11:11] {+cc_9} DE flat lining
[11:15] {+cc_9} DUST 60min is one scary chart
01[11:16] {&Threei}  1:1q
01[11:16] {&Threei}  now break and run
[11:20] {+cc_9} SPY going, DE stuck
01[11:23] {&Threei}  junk food wprks for us, slowly but surely
01[11:24] {&Threei}  I actually regret not going aggressive on aggressive - buying 96
[11:27] {robbers} Out MCD in full, thank you.
01[11:27] {&Threei}  yw
01[11:27] {&Threei}  not fooling around, are you :)
[11:28] {robbers} As usual.
01[11:29] {&Threei}  ok, while MCD is chewing through levels back and forth...
[11:29] {+cc_9} DE .40s ? no way...
[11:29] {+cc_9} DE .50s ? no way...
01[11:29] {&Threei}  beginning of the e-mail is pretty much a cookie-cutter, nothing oustanding:
01[11:30] {&Threei}  Vad,
01[11:30] {&Threei}  I am 23. I have watched your free videos, read your logs and posts with trades. I really want to learn from u. So here are my questions.
01[11:30] {&Threei}  right?
01[11:30] {&Threei}  hold on to your seats as you read second paragraph
01[11:30] {&Threei}  How do I become room moderator? Where do I need to start to open my trading room? How do I know what stock to call? At what prices? Long or short?
[11:31] {+cc_9} DE .60s, this cant be...
[11:31] {RonS} lol 3i
[11:31] {dino} guess he's taking over
[11:31] {RonS} guy must really be 13...
01[11:32] {&Threei}  I wrote an asnwer but decided not to send it
01[11:32] {&Threei}  so I'll just post it here
01[11:32] {&Threei}  I understand your frustration. I too was shocked when found out that I can’t teach brain surgery without becoming a surgeon myself first. Such an unexpected obstacle. Bummers.
[11:33] {robbers} I think it was Ken Wolf in disguise.
01[11:33] {&Threei}  gosh... that's blast from the past, lol
[11:33] {+cc_9} Refer him to Timothy Sykes so he can learn all he needs to learn first
[11:34] {+cc_9} DE .70s, slow climb
01[11:35] {&Threei}  I am not sure if this is just an individual with serious lack of grey matter, or indicative of a certain culture
01[11:36] {&Threei}  after all, I see "life coaches" created in drives by courses about life coaching
[11:36] {robbers} Yeah, the culture of stupidity.
01[11:36] {&Threei}  never mind that you know zilch about life, you can take a course and become life coach
[11:36] {+cc_9} DE closing in on the wall
01[11:37] {&Threei}  I knew a gal who was going tp teach weight loss... guess whether she was overweight
01[11:37] {&Threei}  but hey, she read 15 books about weight loss
01[11:37] {&Threei}  so why not teach others
[11:38] {robbers} My brother was a marriage councelor without having been married.  And it cured him of any thoughts to do so.
[11:38] {dino} if you can't do it, teach (or write about) it
[11:38] {RonS} lol
01[11:38] {&Threei}  another plan by another gal was to teach people how to get anything they want by applying some spiritual tricks
[11:40] {+cc_9} Did she co-write the book "The Secret" ?
01[11:40] {&Threei}  when I asked her what she was going to answer those who ask why she meets them in 3rd floor apartment of half-wrecked building with 13 yearsd old honda civic in the parking lot, she said:
01[11:40] {&Threei}  well, I am happy with what I have and need nothing more
01[11:40] {&Threei}  no, she read it (or watched movie)
[11:40] {RonS} Henry Ford:  "Those that can, do;  those that can't, teach." (ese can, does, and teaches...what a prince!)
01[11:41] {&Threei}  well, I actually disagree with that saying
01[11:41] {&Threei}  but I see how it's applicable in these particular cases
01[11:41] {&Threei}  1:2 MCD
[11:41] {dino} out de .65, +.35
[11:42] {+cc_9} gj dino
[11:42] {+cc_9} got an offer pending .75 rest will ride out till $84+ or LOD stop
[11:42] {dino} thx. pia stock
[11:43] {+cc_9} agreed...
[11:44] {+cc_9} good exit dino, the .70s got denied
[11:44] {dino} cccr crazy ipo
[11:45] {+cc_9} you mean ccccrazy ipo
[11:45] {bbobr} most of trading coaches, teachers, book writers  have no idea how to trade profitable , including Marc Douglas and other famous
[11:46] {+cc_9} The one strategy that those books are missing is "buy low sell high"
01[11:46] {&Threei}  my experience and multiple encounters with them show this to be true
01[11:46] {&Threei}  what bbobr said I mean
01[11:46] {&Threei}  very few are actually traders
[11:46] {RonS} Kerry has “very frank” talk with Netanyahu about settlements in occupied territories
[11:47] {dino} out cree .00, +.40 took forever
01[11:47] {&Threei}  but when it comes to marketing ability, I am 9 years old among them, so... {G}
01[11:47] {&Threei}  they promise more or less easy money, I promise hard work
[11:47] {RonS} ...which begs the question:  how many centuries ago were the French very frank?...
01[11:47] {&Threei}  who do you think is more popular :)
[11:49] {+cc_9} dino, CCCR half the float already traded
[11:50] {bbobr} their promises match people's dreams better then your's
[11:51] {+cc_9} anyone tracking/trading MNKD today, some very nice swings
[11:52] {+cc_9} decent intraday double bottom
[11:54] {+cc_9} "Egypt's death toll increases to 149, health ministry says - Egyptian president declares state of emergency across Egypt for 1 month starting at 4pm local time
01[11:55] {&Threei}  true bbobr... my promises match reality, and who needs that
[11:59] {dino} ssni sm l .00
[12:00] {RonS} Egypt's VP Mohammed ElBaradei resigns from government over handling of sit-ins...what you mean killing them is not OK w/ him?
[12:00] {dino} trip drop
[12:00] {+cc_9} Bloomberg "Europe officially out of recession"
[12:07] {+cc_9} SPY very choppy here, no clear direction
01[12:08] {&Threei}  Europe: yaay....
[12:08] {+cc_9} meanwhile, DE trying to uptick, wall still .75 then 83 round
[12:12] {+cc_9} SPY uptick, DE downtick. meh...
[12:14] {RonS} trip 'ed
[12:21] {nemo} I thought you needed two quarters of positive growth to be out of recession?
[12:22] {+cc_9} SPY chop central
[12:22] {nemo} it's been consistently under MA today, probably going lower
[12:23] {Alexs} CREE long .20?
[12:23] {nemo} likely to get closer to the whole number, vwap there
[12:25] {+cc_9} $0.15 down, $0.10 up wash rinse repeat
[12:28] {+cc_9} DE not participating in this market bounce, frustrating
[12:31] {+cc_9} Just now looked @ comment
[12:31] {dino} htwr sm l .05
[12:31] {dino} trip hl l .55
[12:32] {+cc_9} Well of course DE does not go up with market bounce, but surely does with pullback
[12:32] {nemo} pair trading ;-)
[12:32] {nemo} looks short here btw
01[12:34] {&Threei}  sorry Alex, missed your q
[12:36] {nemo}
[12:37] {dino} out trip .64, +.14
[13:16] {+cc_9} DE now holding sideways while market dipping, I'm thinking DE gets through 83 before the bell
01[13:29] {&Threei}  (US) Fed's Bullard: Fed is doing what it can to aid the US recovery
01[13:30] {&Threei}  market saud uhhu and dropped like a stone'
[13:30] {+cc_9} whoa dumpathon
[13:33] {dino} cree l .45
[13:35] {dino} out cree .60, +.15
[13:52] {dino} de l .05
01[13:56] {&Threei} Short Setup: BBRY  .90 break
01[13:56] {&Threei}  If holds  .95
[14:02] {dino} out de .35, +.30
[14:03] {+cc_9} IWM major lag behind SPY
[14:13] {dino} cree l .13
[14:18] {dino} out cree .24, +.11
[14:19] {nemo} whoa
[14:25] {nemo} think I'll get some velcro for my eyelids
01[14:26] {&Threei}  ugh
01[14:26] {&Threei}  wanted to call CREE short but never got decent tight setup
[14:26] {nemo}  did you get an indecent one?
01[14:26] {&Threei}  a lot
01[14:28] {&Threei}  (US) Fed's Bullard: Fed is doing what it can to aid the US recovery; inflation has not appeared so far- There is a lot of risk in the future of higher inflation, Fed must maintain its credibility and hit the 2% inflation target it set for itself. - Actual GDP growth has not been that great in the last 3 quarters. Not seeing much impact from the sequester. - Too big to fail issue remains a large problem, US needs to think about making banks smaller so a failure does not require taxpayer intervention. - Unemployment, inflation, GDP and the size of the balance sheet are the key factors for taper decision. - Size of Fed balance sheet is not too big compared to those of other central banks. - QE program has not had a large impact on the USD thus far, on a trade weighted basis. - Japan is taking risks with its new economic policies. Japan is conducting a huge experiment with monetary policy.
[14:28] {nemo} obesity is relative
[14:30] {dino} cree l .88
[14:30] {nemo} I've got support at .66
[14:31] {+cc_9} Why do I keep reading Fed's Bulltard
[14:32] {nemo} like driving by a horrific accident
[14:35] {+cc_9} IWM flushing to new session lows, ahead of the SPY
01[14:36] {&Threei}  cognitive associations cc9
[14:36] {nemo} finnies seem to have a venereal drip
[14:36] {dino} razor blades
[14:36] {nemo} rather graphic for you dino
[14:37] {dino} you put the thought in my head
[14:37] {nemo} yeah, blame the degenerate why don't ya'!!!
[14:39] {+cc_9} SPY catching bids, held its lows
[14:39] {+cc_9} anyone brave enough to call the close on SPY ?
[14:39] {dino} out cree .04, +.16
[14:39] {+cc_9} today's seesaw makes it near impossible to have a single read on this tape
[14:40] {nemo} green
[14:40] {dino} good to hear cc9, i thought it was me, thats why scalp mode
[14:41] {+cc_9} cant read it, volume pours in, we snap back $0.20, next minute we flip and tank $0.30
[14:41] {+cc_9} Add to it the volume @ around 1:30PM
[14:42] {nemo} they're forcing you to take a position in middle distance, which is always a recipe for failure
[14:43] {+cc_9} I don't see we see much buying unless we can get over 169.30, anything below is chart noise
[14:43] {+cc_9} Not long ago, AAPL used to dictate market direction
[14:44] {nemo} algos will move it according to order flow
[14:44] {+cc_9} stocktwits indicator is bearish on SPY, so it would make sense that we head higher
[14:45] {nemo} if they're leaning short in this low volume, algos should push against it
01[14:45] {&Threei} Long Setup:  C  .80 break
01[14:45] {&Threei}  If holds  .75
[14:47] {nemo} spy should get vwap run here
[14:47] {+cc_9} Initiate first buy program in 5, 4, 3, 2...
[14:47] {+cc_9} lift off
[14:47] {nemo} I just wanna' know where your destruct button is
[14:48] {+cc_9} right on time
[14:48] {nemo} I know..."nemo, you're such a dick!"
[14:49] {nemo} did you install the dilithium crystals CC?
[14:50] {nemo} I"m losing it
[14:50] {nemo} I feel like Jack in the Shining
[14:50] {+cc_9} $VIX / VXX still too close to session highs
[14:51] {+cc_9} $IWM so many dead cat bounces should rename $ASPCA
[14:52] {+cc_9} 1 hour on the clock, still no direction
[14:53] {nemo}
[14:54] {nemo}
[14:54] {+cc_9} IWM @ session lows again...boy this is one long afternoon
[14:56] {nemo} .66 held in cree....actually .69, then it turned around
[14:56] {dino} cree ranging .80-.10
[14:57] {nemo} I have a low of .69
[14:57] {dino} \.10 goes it may pop
[14:57] {nemo} wow, a higher low
[14:58] {dino} issue is that gap 58.40s
01[14:59] {&Threei}  Egypt is now back in the state of emergency that started during the reign of Ramses II
[15:00] {+cc_9} Most boring 1.5 hours on SPY for days
[15:02] {+cc_9} IWM looks spookie at this level. Lower highs and Lower lows. SPY higher lows. Tough read.
01[15:03] {&Threei} Long Setup:  CREE  .80 break hl
[15:03] {nemo} i've got short signals on finnies and IWM can't tell SPY
01[15:03] {&Threei}  If holds  .70
[15:04] {+cc_9} Indexes almost feel like a long trap
[15:05] {nemo} double top on spy at price resistance
01[15:09] {&Threei}  IMO, spu is about to break 169
[15:10] {+cc_9} it needs to break 169.10 and stay above it
[15:10] {+cc_9} otherwise, more chop and waste of time
01[15:10] {&Threei}  no go CREE
[15:11] {nemo} next stop 58.88, probably 59 if it doesn't bounce here
[15:11] {+cc_9} 169 knock knock
[15:12] {nemo} need a vwap run
[15:12] {dino} adding cree call for swing
[15:13] {+cc_9} alright, lets push SPY here
01[15:13] {&Threei}  1:1
[15:16] {+cc_9} out
[15:27] {+cc_9} TRIP
01[15:29] {&Threei} Long Setup:  C  .75 break
01[15:29] {&Threei}  If holds  .70
[15:29] {nemo} one could make an argument to buy cree here for short covering
01[15:31] {&Threei}  one could also grab the nest of wasps with his bare hands and see how they like it
[15:32] {+cc_9} SKBI who the hell is buying this garbage
01[15:32] {&Threei}  look at its report
01[15:32] {&Threei}  Skystar Bio-Pharmaceutical Co Reports Q2 $0.49 v $0.23 y/y, R$11.3M v $8.9M y/y- Reaffirms FY13 Rev $40-45M (prior $40-45M)
[15:33] {+cc_9} oh
[15:34] {dino} cree close to gap
[15:34] {+cc_9} IWM session lows
01[15:34] {&Threei}  volume about 10% below 3 months ave
01[15:36] {&Threei}  change C to .70 break
01[15:37] {&Threei}  If holds  .65
[15:37] {nemo} so cree just about closes another gap
01[15:38] {&Threei}  Invalidated
[15:38] {+cc_9} DUST officially down 50% in 1 week
[15:38] {dino} close enough imo
[15:38] {+cc_9} bargain prices became basement prices and now turning into sink hole prices
[15:39] {+cc_9} Another shot at 169 before the close ?
01[15:42] {&Threei}  last try:
01[15:42] {&Threei} Long Setup:  C  .65 break
01[15:42] {&Threei}  If holds  .60
01[15:42] {&Threei}  oh well
01[15:42] {&Threei}  we have another "boring but profitable" day
01[15:43] {&Threei}  if you have enough buffer for one 5 cents stop, let's try C .60 break
01[15:43] {&Threei}  if not, leave it be
[15:43] {+cc_9} i got another SPY long trade going here
[15:43] {+cc_9} need 169 thats all
[15:48] {+cc_9} welp
01[15:49] {&Threei}  1:1
01[15:49] {&Threei}  hakf out
01[15:49] {&Threei}  scalpers be happy
[15:51] {nemo} Haven't seen a day like this since....mmmmhhhhh....last August
[15:51] {+cc_9} most are expecting an LOD close, so the algos need to turn on and start buying right here
[15:52] {nemo} they'll go against order flow, might not be any right now
[15:52] {nemo} basically pinned to a deviation around 169
[15:53] {+cc_9} Its been selling since 3:10PM
[15:53] {nemo} or just lack of bidding, don't see any momentum at all
01[15:53] {&Threei}  OK guys, thank you all
01[15:53] {&Threei}  have a good evening
[15:53] {+cc_9} IWM dropping @ a much faster rate
01[15:53] {&Threei}  see you tomorrow foranother boring and profitable day
[15:53] {nemo} pivot levels gonna' be tighter than (insert comparison here)
[15:53] {nemo} tomorrow
[15:57] {dino} gn all
[15:59] {+cc_9} SPY EOD volume nightmare