Thursday, August 22, 2013

Aug 22 2013

Another very nice day, even though without yesterday's fireworks but solidly in black. No complaints about boredom, we like it boring and profitable. 

Session Time: Thu Aug 22 00:00:00 2013
[09:18] {Alexs} gm
01[09:18] {&Threei}  morning alex
[09:27] {cipher} gm
[09:27] {RonS} gm
01[09:27] {&Threei}  cipher, ron :)
01[09:27] {&Threei}  ron, missed beautiful day yesterday...
[09:28] {nemo} maybe he was getting laid
01[09:28] {&Threei}  mazeltov, but... whole trading day??
[09:29] {nemo} good point...it is Ron
[09:29] {+cc_9} gm everyone
01[09:29] {&Threei}  cc :)
01[09:29] {&Threei} Short Setup: GDX  .35 break
01[09:30] {&Threei}  If holds  .42
01[09:31] {&Threei}  meh
[09:31] {+cc_9} SHLD battered, considering a trade if gets over $40
01[09:31] {&Threei} Long Setup:  C  .75 break
01[09:31] {&Threei}  If holds  .65
01[09:32] {&Threei}  Invalidated
01[09:32] {&Threei} Long Setup:  C  .65 break
01[09:32] {&Threei}  If holds  .60
01[09:33] {&Threei}  change to .60 break
01[09:33] {&Threei}  If holds  .55
01[09:35] {&Threei}  1:1
[09:35] {+cc_9} SHLD starter
01[09:37] {&Threei}  1:2
[09:37] {+cc_9} ANF i think is a trap, won't touch.
01[09:40] {&Threei}  1:3, out in full
01[09:41] {&Threei}  that was fruitful bottom fishing
[09:41] {Alexs} nice call
01[09:41] {&Threei}  can fish be a fruit?
01[09:44] {&Threei} Long Setup:  GLD  .75 break
01[09:44] {&Threei}  If holds  .65
[09:45] {+cc_9} ANF whoa, trap was only in my mind with these kind of gap down plays
[09:46] {+cc_9} out SHLD - $0.65
[09:46] {+cc_9} that was the trap ...
01[09:46] {&Threei}  so you picked wrong trap...
[09:47] {+cc_9} while trying to dodge one, i stepped on a mine
[09:49] {nemo} just call you stumpy
01[09:51] {&Threei}  come on already GLD
[09:52] {+cc_9} SHLD round 2, starter, $39 tested twice
[09:52] {nemo} c'mon vad how 'bout a coupla' 1:10ers
[09:52] {+cc_9} on daily and pre-M
01[09:53] {&Threei}  finally... 1:1
01[10:00] {&Threei}  *(US) JULY LEADING INDEX: 0.6% V 0.5%E
[10:00] {+cc_9} need .85 bid SHLD
01[10:00] {&Threei}  (IL) Reports of rockets being fired from Lebanon into Israel
01[10:05] {&Threei}  ugh GLD... why did you have to rinse second half
01[10:05] {&Threei}  why oh why
[10:07] {dino} noah, beat, drops hard
01[10:07] {&Threei} Short Setup: GDX  .80 break
01[10:07] {&Threei}  If holds  .85
[10:08] {nemo} 59ish very important for DECK
[10:10] {dino} noah sm l .50
[10:10] {Alexs} gdx valid?
01[10:10] {&Threei}  yes
01[10:11] {&Threei}  with stop above high of course
01[10:12] {&Threei}  1:1
[10:13] {cipher} dino are you watching YY?
[10:13] {nemo} yep
[10:13] {dino} yes
[10:13] {dino} noah, swi, yy, bke
[10:14] {nemo} look to reshort in the .50 are imo
[10:17] {nemo} apa could be a niche short under .40 if it holds the high here
[10:17] {nemo} could go back to 78
[10:17] {nemo} nope
[10:18] {nemo} I guess until spy gets to 165.88-166 we go up
[10:19] {+cc_9} ANF, the trap that was not a trap
[10:20] {dino} bke sm l .74
01[10:20] {&Threei}  how inelegant
[10:20] {nemo} I'm seeing that scene from The Princess Bridge again
01[10:20] {&Threei}  "the trap that wasn't"
01[10:20] {&Threei}  now that's proper english
[10:24] {dino} swi .00 break l trig
[10:27] {+cc_9} SHLD for f**k sake, get through $40 before i pass out
[10:27] {+cc_9} nice!
[10:28] {+cc_9} out SHLD $0.75
[10:31] {dino} reload noah .00
01[10:33] {&Threei}  trail to .76
01[10:34] {&Threei}  1:2
[10:35] {Alexs} .71 now?
[10:35] {nemo} YY  next short area around 38
01[10:35] {&Threei}  yup
[10:37] {dino} out bke .44, +.70
[10:37] {dino} back in 15
[10:41] {+cc_9} SPY approaching 166 from yesterday
[10:42] {nemo} just touched the 50 day
01[10:48] {&Threei}  OH woman uses 50 stolen identities to collect unemployment in 8 states
01[10:48] {&Threei}  I don't get it... this must be full time job
01[10:53] {&Threei}  friking GDX... took 1:3 from us
[10:55] {+cc_9} nice call on NOAH dino
[10:55] {+cc_9} .30s bidding
[10:58] {+cc_9} SPY rejected at the 166 range
[11:09] {dino} thx cc9
[11:22] {dino} you guys finding anything?
01[11:22] {&Threei}  nope, stall
[11:26] {+cc_9} Market fade, that's about it
[11:36] {dino} swi sm l .01
01[11:37] {&Threei} Short Setup: GDX  .50 break
01[11:37] {&Threei}  If holds  .55
01[11:43] {&Threei}  1:1
06[11:44] * &Threei sings "fiiish in a barrel" to the tune of "smoke on the water"
[11:48] {robbers} Out in full, thanks.
[11:48] {robbers} Nice call, again.
01[11:49] {&Threei}  :)
[11:57] {dino} out swi .49, +.48
[11:58] {Alexs} do you remember the begining of that song Vad?
01[11:58] {&Threei}  no... remind me
[11:58] {nemo} They all came out to Montreaux on the Lake Geneva shoreline
[11:58] {Alexs} We all came out to Montereax,
[11:58] {Alexs} On the Lake Geneva shoreline.
01[11:59] {&Threei}  oh boy
01[11:59] {&Threei}  Les
01[11:59] {&Threei}  lol
[11:59] {Alexs} devoted to Les
[11:59] {nemo} yep
[11:59] {nemo} yeah, they're keyboardist died earlier this year
[11:59] {nemo} their
[11:59] {nemo} wtf
01[12:00] {&Threei}  Analysts continue to debate the real meaning of the FOMC minutes out yesterday afternoon. The WSJ's Hilsenrath asserted that the minutes reaffirm the Fed's existing timetable, which suggests the taper could begin as early as September.
01[12:00] {&Threei}  Others highlighted apparent growing uncertainty about the labor market and continuing low levels of demand. Many have pointed out that "a few" officials warned against putting too much attention on the "illustrative" 7% unemployment threshold and that "several" officials said they were "willing to contemplate lowering the unemployment rate threshold."
01[12:08] {&Threei} Long Setup:  C  .80 break
01[12:08] {&Threei}  If holds  .74
01[12:08] {&Threei}  .75
[12:18] {dino} zzzzzzzzzzzzzzzzzz
01[12:20] {&Threei}  frikin GDX
[12:21] {+cc_9} volume dying, its about that time
[12:22] {Alexs} nsdq listed symbols halted
[12:23] {nemo} http://bit.ly/1767Zh1
01[12:23] {&Threei}  http://www.theguardian.com/world/video/2013/aug/22/russian-military-hovercraft-beach-video
[12:23] {nemo} saw that
[12:24] {+cc_9} Alex, what do you mean ?
[12:24] {nemo} ?
01[12:24] {&Threei}  Nasdaq $NDAQ says halting trading in all tape C securities
01[12:24] {&Threei}  The Nasdaq Stock Market, Inc Reports that the company is experiencing issues with stock quote dissemination- reference: http://www.nasdaqtrader.com/Trader.aspx?id=MarketSystemStatus
[12:26] {dino} that explains why my acct just said -1363 with a positive day going
[12:26] {bbobr} my Nasdaq orders are getting canceled by themselves
[12:27] {nemo} that's me
[12:28] {cipher} no issues here
[12:28] {dino} schwab reporting errors on quotes
[12:28] {cipher} what ecn bbobr?
[12:29] {+cc_9} QQQ frozen
[12:29] {cipher} time to dump uncle schwab
[12:29] {dino} option bids out of whack
[12:29] {cipher} they suck
01[12:30] {&Threei}  dino is luddite
[12:30] {nemo} better than a Phillistine
[12:30] {nemo} Les was both
[12:30] {nemo} is
[12:32] {cipher} Vad, you are forcing me to open a dictionary
[12:34] {bbobr} have changed route to ARCA, holding so far
[12:34] {cipher} :)
01[12:34] {&Threei}  sorry cipher... nemo made me a sadist
[12:34] {cipher} sometimes the solution is very simple bbobr
01[12:35] {&Threei}  vvovr, whole NASDAQ has troubles, why would you want to trade it now
01[12:35] {&Threei}  bbobr, sorry
[12:35] {Alexs} why are you dissatisfied with GDX Vad?
[12:35] {dino} always picking on dino
01[12:35] {&Threei}  you won't believe it Alex
01[12:35] {&Threei}  here goes:
[12:36] {nemo} my fault...sheesh...Vad going liberal, it's always somebody else's fault...frickin' twinky defense
01[12:36] {&Threei}  I forgot that trigger was .50, and when it went over .45 I closed second half
01[12:36] {&Threei}  than swore at it when it went to 1:2
01[12:36] {&Threei}  then realized if was my idiocy and not its fault
[12:36] {cipher} I thought no liberals were allowed here
[12:37] {nemo} ese's the token lefty
01[12:37] {&Threei}  then it went to 1:3 and I pretended I don't see it
[12:37] {nemo} unionized teacher
[12:37] {nemo} and musician
[12:37] {nemo} can't get much worse
01[12:37] {&Threei}  and then you had to remind me what an idiot I was
[12:37] {Alexs} sorry lol
[12:37] {nemo} don't worry Vad, I'm sure your wife will before the day is done
01[12:37] {&Threei}  sorry? I am about to dive into 3-days long drinking abyss... sorry won't cut it
[12:38] {nemo} why only 3?
[12:38] {dino} lol
[12:39] {cipher} I'm starting soon
[12:39] {cipher} martini time
01[12:39] {&Threei}  well, it may be longer but I can count to 3 only
[12:39] {nemo} Reminds me...I have to drink a bottle of Jack with a friend of mine on Saturday
01[12:39] {&Threei}  Jack? isn't it blended?
[12:39] {nemo} I just drink it
[12:39] {cipher} why not upgrade to a nice 18 yo scotch???
[12:40] {+cc_9} I wonder if they bring the data stream gradually or at once, it could feel like holding a piss for hours
[12:40] {nemo} It's his bottle
01[12:40] {&Threei}  no kidding... single malt or nothing
[12:40] {cipher} yep
01[12:40] {&Threei}  GDX, anyone played it to 1:3?
[12:40] {nemo} Frankly, I've become a rum fan
01[12:41] {&Threei}  and cipher... if you ever win a lottery or get inheritance, do your palate a favor and buy a bottle of Hennessy Paradis
[12:41] {cipher} Macallan 18 will do it for me every time
[12:41] {nemo} Got a funny story
[12:41] {nemo} My uncle was an oenophile
[12:42] {nemo} get your mind out of the gutter Vad
[12:42] {bbobr} I like 12 better
[12:42] {nemo} Anyway, so he used to always drink some nice wines when I'd visit
[12:42] {nemo} So, he got a Bernkastler Doktor Beerenauslesen from one of the premier vintages
[12:43] {nemo} Tells me we'll drink it after his wife goes to bed so we don't have to share it
[12:43] {nemo} my kinda' guy
[12:43] {nemo} Geez, hope she doesn't read this blog
[12:43] {cipher} lol
[12:44] {nemo} got a not so funny related story
[12:44] {cipher} luckily I don't have that problem
[12:44] {nemo} I was visiting him when he was stationed in Munich
[12:44] {cipher} my wife doesn't drink
[12:45] {cipher} not because she wouldn't want to...
[12:45] {cipher} she can't :)
[12:45] {nemo} His boss is coming to dinner, so he tells me to open...now get this, a 1948 Chateau Lafite Rothschild around noon so it will be ready for dinner
[12:45] {cipher} as in she can't handle it
[12:45] {nemo} Ok so I get the bottle out
[12:45] {nemo} As I'm peeling the lead off the top of the bottle, I notice the cork looks pretty bad
[12:46] {nemo} So, I try to open it but the cork just crumbles into the bottle, and you can smell the vinegary smell
[12:46] {nemo} So I have to call him...never had heard him cry before
[12:47] {nemo} Oh another uncle story....
[12:47] {nemo} I'm visiting when they had moved back to the states down in Maryland in August, I had just gotten out of grad school
[12:47] {nemo} So, they want to go away to this thing for the weekend, so I offer to dog sit
[12:47] {nemo} Thing was ancient
[12:48] {nemo} Of course, their airconditioning dies in August in Maryland
[12:48] {nemo} So, I keep the dogs water filled and try to keep it in the shade
[12:48] {nemo} Wouldn't you know it gets heat stroke
[12:48] {nemo} Bring the thing to the vet
[12:49] {nemo} They say $1500 worth of steroids with no guarantees for such an old dog, or euthanasia
[12:49] {nemo} Oy frickin' vay...
[12:49] {Alexs} C reversal?
[12:49] {nemo} Well, chose the latter
[12:49] {dino} remind me not to have you watch my dog
[12:49] {nemo} That was a fun conversation when they returned home from their weekend
01[12:49] {&Threei}  not sure alex... 50/50
[12:49] {nemo} Eh, doing well with the rabbit so far
[12:51] {nemo} btw...dino, I much prefer animals to people
[12:51] {nemo} I'm happy to let people rot (is that harsh)
[12:51] {nemo} I always try to save animals
[12:52] {nemo} my kinda' guy:  http://bit.ly/176cgRp
[12:52] {+cc_9} Market coming down at last
01[13:40] {&Threei}  missed double bottom on GDX
01[13:40] {&Threei}  ugh
[14:00] {dino} .
[14:01] {Alexs} flash freeze
[14:03] {Alexs} now they blame hft for nsdq
[14:05] {dino} surprised they don't blame the shorts
[14:07] {Alexs} next step
[14:09] {Alexs} that goes 1%
[14:09] {Alexs} that=than
[14:10] {+cc_9} worst case
[14:10] {+cc_9} they open them under another exchange
[14:11] {Alexs} in china?
[14:12] {nemo} alex made a funny
[14:15] {Alexs} are you whatching GDX Vad?
01[14:15] {&Threei}  yes
[14:15] {nemo} how about a spy short?
[14:16] {nemo} finnies relative weakness
[14:17] {+cc_9} Egypt's Hosni Mubarak released from prison
[14:17] {+cc_9} oh boy, here comes another wave
[14:18] {Alexs} I knew that justice will prevail
01[14:20] {&Threei}  justice?
01[14:20] {&Threei}  what's that?
01[14:20] {&Threei}  oh wait... it's that blind woman with very promiscuous incilnations?
[14:21] {Alexs} no am serious
01[14:21] {&Threei}  so am I
[14:24] {RonS} hearing naz reopen at 45 on the hour...
01[14:28] {&Threei}  The Nasdaq Stock Market, Inc To re-open trading in all Tape C securities with a 15-minute quote only period at 14:30ET, trading to begin at 14:45ET- NASDAQ intends to re-open trading in all Tape C securities with a 15-minute quote only period. All stale quotes have been cleared from the UTP SIP at this time and halts have been disseminated with a reason code of T6. NASDAQ will first re-open trading in symbols ZVZZT and AAIT with a 15-minute quoting period beginning at 14:30, with trading beginning at approximately 14:45. All other securities will then be released at 14:55 with a 15-minute quote only period with trading resuming at approximately 15:10. NASDAQ will not be cancelling open orders on the book prior to a re-open. Customers who wish to cancel their orders may do so and any customer who wishes to not participate in the re-opening should cancel their orders prior to the resumption of trading.
[14:28] {dino} flt spike
[14:31] {dino} flt sm s .89
01[14:35] {&Threei}  (US) Fed's Fisher: Personally, the data I have seen makes me believe that Sept is the time to begin the taper; I am not alone in that belief- There is no QE infinity. - There are huge obstacles to job creation.
[14:36] {nemo} free stock charts all screwed up
[14:37] {RonS} unreal lack of movement...volatility to zero?
[14:37] {nemo} kinda' like Les' brainwave activity
[14:38] {dino} flt stop -.35
[14:38] {RonS} lol...L’Oreal barred by EU from testing on animals, while China requires it | http://bloom.bg/16OhTaL
[14:39] {+cc_9} 2011 Mubarak tells people he will step down and let army run things while he goes to "jail" (jail = club med)
[14:39] {+cc_9} Military plays the joke of democracy, people vote
[14:39] {+cc_9} MB wins elections, 1 year later coup
[14:39] {+cc_9} Mubarak released, no charges stick
[14:39] {+cc_9} all heads of MB in jail
[14:39] {+cc_9} This was all a big farce.
[14:39] {+cc_9} A damn elaborate one.
[14:42] {Alexs} may be it's not so bad to get all heads of MB in jail
[14:42] {+cc_9} Why ?
[14:43] {+cc_9} If they were voted in power, isn't it democratic to let them serve their term ?
[14:44] {Alexs} yeah it's democratic
[14:44] {Alexs} but what's in that for america
[14:46] {RonS} ya well, in Japan in the '10's and 20's the militarists and rights literrally killed all of the moderate and liberal politicians...then elected themselves...
[14:47] {RonS} if the people had risen up...like in Egypt...maybe there would not have been WWII
[14:48] {dino} flt sm s .10
[14:51] {Alexs} I think that the power of MB is the best way to WWIII
[14:53] {RonS} the real uprising was the initial against the MB...what is going on now is a minority, the MB, trying to turn a tide...
[14:55] {+cc_9} What is going on now is not a minority Ron
[14:55] {RonS} the military backed it because the direction of the MB was to get them involved in a war...and that gets them killed...
[14:55] {+cc_9} It is being portrayed as if it were only a minority rising, its not.
[14:55] {RonS} big country cc...how do you figure?
[14:55] {+cc_9} More and more people are seeing the brutality the army is using against civilians, regardless if they are bearded or clean shaven, still civilians.
[14:55] {+cc_9} They cannot trust an army that shoots live ammo at people in a tent
[14:56] {+cc_9} add to it the fact Mubarak was just released, which is an insult, I think more people will rise and unite.
[14:56] {RonS} meantime tgt 120 day low
[14:58] {dino} rnr odd
[15:00] {RonS} lol:  BREAKING: Obama Planned Speech this evening: "Osama Bin Laden is Dead and Nasdaq is Alive!"
[15:00] {+cc_9} here comes the short bus
[15:00] {+cc_9} " $AAPL $TSLA this wasn't a glitch @CNBC we have proof on video of MM's posting EXTREMELY LOW bid/ask skewing the price and scaring everyone "
01[15:00] {&Threei}  lol
[15:00] {Alexs} zvzzt and aait still halted
[15:02] {dino} flt stop again
[15:05] {+cc_9} AAME nasdaq stock opening
[15:06] {+cc_9} lol @ the volume
01[15:10] {&Threei} Long Setup:  GDX  .40 break
01[15:10] {&Threei}  If holds  .35
[15:17] {dino} flt sm s .84
[15:17] {Alexs} gdx works
01[15:18] {&Threei}  1:1
[15:19] {dino} stopped, done w/it, off screen
[15:19] {+cc_9} quotes scheduled to appear in 5 minutes.
[15:20] {RonS} dino seeing them all along...sees ghosts ya know...
[15:21] {dino} :)
[15:21] {+cc_9} watch how they push the index as we get close to get quotes
[15:33] {Alexs} how many days was your best winnig streak Vad?
[15:35] {nemo} 2 months +
[15:36] {Alexs} is it a joke?
[15:36] {nemo} Fall 2008 when the market was shitting the bed
01[15:36] {&Threei}  no alex, not a joke
[15:37] {nemo} we'd come in limit down on the indexes
[15:38] {nemo} jeez gonna' run this thing into the close
[15:38] {Alexs} ok than nothing to worry about :)
01[15:39] {&Threei}  lol
[15:40] {+cc_9} TSLA volume and momentum insane
[15:40] {+cc_9} 5 points pre-halt, 3 points post halt
[15:42] {dino} out noah .44, +.43
[15:44] {+cc_9} that was quite the investment dino
[15:44] {+cc_9} how long was that, 6 hours ?
[15:45] {dino} yeah, felt like a long term buy and hold
[15:45] {dino} but worked out in the end
01[15:54] {&Threei}  thank you all
01[15:54] {&Threei}  have a great evening, see you tomorrow
[15:54] {dino} ditto and gn
[15:55] {Alexs} ty Vad take care
[15:56] {Alexs} don't remember GDX
[15:56] {Alexs} lol
01[15:56] {&Threei}  grrr
01[15:56] {&Threei}  lol
[15:57] {bbobr} gn all
[15:57] {Alexs} gn