Friday, August 23, 2013

Aug 23 2013

Very jellyfish-like day with market lacking direction, energy and any kind of determination. Some stops, some wins, some rinses, finishing day slightly negative and breaking 7 day's winning streak. 

Session Time: Fri Aug 23 00:00:00 2013
[09:17] {nemo} wow spy just running
[09:19] {bbobr} gm
[09:21] {nemo} guess spy wants to close that gap in the premarket
01[09:22] {&Threei}  bbobr :)
[09:23] {nemo} ahh, interesting, 167.08 is the weekly pivot
[09:23] {cipher} gm
01[09:24] {&Threei}  cipher :)
[09:25] {Alexs} gm
[09:25] {RonS} gm
01[09:27] {&Threei}  alex, ron :)
[09:29] {+cc_9} GM
01[09:30] {&Threei}  cc9 :)
01[09:31] {&Threei} Short Setup: GDX  .35 break
01[09:32] {&Threei}  If holds  .40
01[09:33] {&Threei}  meh'
[09:34] {nemo} a little ky for that one
[09:36] {nemo} spy monthly pivot here
01[09:39] {&Threei} Short Setup: FCX  .60 break
01[09:39] {&Threei}  If holds  .65
[09:40] {dino} gm
01[09:40] {&Threei}  dino :)
01[09:41] {&Threei}  Invalidated
[09:41] {Alexs} actually it trriggered
01[09:41] {&Threei}  it did?
[09:41] {nemo} Dino sees dead people, Alex sees phantom quotes
[09:42] {+cc_9} P tanking
01[09:42] {&Threei} Short Setup: FB  .10 break
[09:42] {Alexs} and phantom stops
[09:43] {dino} missing mailboxes and plumbing leaks. chaos morning
01[09:43] {&Threei}  If holds  .20
01[09:44] {&Threei}  1:1
[09:52] {+cc_9} keeping close eye on P for entry
01[09:52] {&Threei} Short Setup: GDX  .35 break
[09:52] {+cc_9} high .80s was pre-M candle close yesterday
01[09:52] {&Threei}  If holds  .43
01[09:52] {&Threei}  Invalidated
[09:53] {dino} hibb sm l .80 wide
[09:53] {dino} dllr sm l .98
01[09:56] {&Threei} Long Setup:  C  .90 break
01[09:56] {&Threei}  If holds  .83
[09:57] {+cc_9} P bouncing off its after-hours pps
[09:57] {+cc_9} $19} now
[09:58] {+cc_9} }$19.15
01[09:58] {&Threei}  1:1
01[09:59] {&Threei}  *(US) JULY NEW HOME SALES: 394K V 487KE
01[09:59] {&Threei}  *(EU) EURO ZONE AUG ADVANCE CONSUMER CONFIDENCE: -15.6 V -16.5E
01[09:59] {&Threei}  1:2
[09:59] {robbers} Out C in full, thanks.
01[09:59] {&Threei}  :)
[10:00] {+cc_9} Pandora, here is the chart I was talking about }}}
[10:00] {nemo} whoa, those housing numbers dampened things
[10:00] {nemo} spy at 50 sma
[10:02] {Alexs} in fact it's very good news for market
[10:02] {nemo} ?
[10:03] {dino} sure is, raytes stay low
[10:03] {Alexs} no tapering
[10:03] {nemo} that's starting to show pushing on a string dynamics
[10:04] {dino} it is what it is
[10:04] {nemo} yep
[10:06] {+cc_9} bad news = good news
01[10:06] {&Threei} Short Setup: GDX  30 break
[10:06] {+cc_9} if you say otherwise, you're a terrorist
[10:06] {nemo} if it were good news, the market would have gone up
01[10:06] {&Threei}  If holds  .05
[10:06] {nemo} no, I'm a racist
[10:06] {nemo} I hate everybody
01[10:06] {&Threei}  you mean you are indiscriminate rasist
01[10:06] {&Threei}  racist too
[10:07] {nemo} yeah,
[10:08] {nemo} spy fighting to hold the 50 day here
[10:08] {+cc_9} nemo thinks the market goes up on good news
[10:08] {+cc_9} get a load of this guy
[10:08] {nemo} wrong
[10:08] {nemo} I think the market reacts to the news
[10:09] {nemo} if market goes up on a bit of news, then it considers it good news
[10:09] {nemo} if the market goes down on the news, than it considers it bad
01[10:09] {&Threei}  ugh
[10:09] {nemo} I am impartial to news, all I care about is the reaction
[10:09] {nemo} when's the next Honey Boo Boo coming out?
[10:09] {dino} noah sm l .80
[10:11] {+cc_9} ugh dino, that's the ticket i was trying to remember for today
[10:11] {+cc_9} nice pick yesterday and looks like a follow-through
[10:13] {dino} hibb sm l .70
[10:15] {dino} we shall see, slow one
[10:15] {+cc_9} aaaaaaaaand, market going back up lol
[10:16] {dino} well, the markets always go up....unless they don't
[10:16] {nemo} at vwap here
[10:21] {Alexs} gdx looks like double top here
[10:25] {dino} dllr stop .71 -.27
[10:26] {nemo} look at tlt go
[10:27] {Alexs} is 1400 important level for gold?
[10:27] {nemo} look at the daily
[10:28] {nemo} looks like it's a gap fill area so yeah
[10:28] {nemo} gotta' get above 137.62 first
[10:31] {nemo} wow look at gld go
01[10:34] {&Threei} Short Setup: C  .90 break
[10:35] {dino} ueps sm s .28
01[10:38] {&Threei}  If holds  50  of course
[10:39] {dino} ueps stop .41 -.13
[10:43] {dino} dllr sm l .80
01[10:46] {&Threei}  stop to .96
[10:53] {Alexs} spy doesn't help us
01[10:53] {&Threei}  no
01[10:53] {&Threei}  but what else is new... nothing ever helps us... everything is against us... sniff
[10:54] {nemo} spoken like a married man
01[10:57] {&Threei} Short Setup: GDX  .10 break
01[10:57] {&Threei}  If holds  .20
01[10:59] {&Threei}  change to .20 break
01[10:59] {&Threei}  If holds  .25
01[11:01] {&Threei}  meh
01[11:01] {&Threei}  not really getting rhythm today
[11:01] {Alexs} spoken like a married man
01[11:02] {&Threei}  sigh... two of you now??
01[11:02] {&Threei}  I mean one nemo is bad enough
01[11:02] {&Threei}  but manageable
[11:02] {nemo} ahem....
[11:02] {nemo} There can be only one...
01[11:02] {&Threei}  lol
[11:03] {nemo} ok folks name that movie
[11:03] {RonS} rocky
01[11:03] {&Threei}  the one?
[11:03] {nemo} Highlander
01[11:03] {&Threei}  ah yes
[11:03] {nemo} 1st one was good, then......cliff
[11:04] {RonS} hilarious:
[11:04] {nemo} oh that was a good movie
01[11:04] {&Threei}  lol, yet another application of this parody
01[11:04] {&Threei}  there are dozens of them
[11:05] {RonS} gotta see the whole thing...the ending is classic
01[11:05] {&Threei}  Hitler hears about Nikon releasing new camera...
[11:05] {nemo} gld here
[11:05] {nemo} gdx hhere rather
[11:06] {nemo} monthly pivot on spy is 166.25
[11:22] {dino} wtf hibb
[11:22] {dino} reload sm l .49
[11:24] {cipher} wtg on hibb
[11:24] {dino} still down on it, 2 stops
[11:24] {cipher} was good for .50+ on this bounce
[11:25] {dino} y
[11:27] {+cc_9} P, finally reversing.
[11:28] {dino} bad report fwiw
[11:30] {dino} out hibb .25, +.76
[11:35] {+Raven} m
[11:35] {+Raven} m
01[11:36] {&Threei}  practicing, Raven?
[11:36] {RonS} lol
[11:37] {+Raven} cat?
[11:37] {RonS} dino target dllr?, in at .85...thinkin here .45 but could be more...
[11:41] {dino} stop to .20
[11:41] {dino} target, 13?
[11:41] {dino} stop .19, +.39
[11:46] {+cc_9} Stocktwits pre-market "MSFT at 37 would not surprise me today"
[11:46] {+cc_9} Stocktwits now "MSFT at 33 would not surprise me today"
[11:48] {dino} gotta luv the talking heads
[11:48] {dino} explaination for everything (after the fact)
[11:49] {dino} soda spike
[11:52] {+cc_9} you mean SODA pop, am I right guys
[11:52] {+cc_9} Vad, quick, I need a shittier joke to cover up
01[11:54] {&Threei}  hmmm
01[11:54] {&Threei}  sorry... I can't beat that
[11:59] {dino} lol
01[12:03] {&Threei} Short Setup: C  .80 break
01[12:03] {&Threei}  If holds  .90
01[12:03] {&Threei}  I have to give it to you, cc9... you fif almost impossible
01[12:04] {&Threei}  made worse joke than I do
01[12:04] {&Threei}  fif? did that was
[12:05] {Alexs} Steve Ballmer today make for MSFT more money than for all his tenure
[12:13] {dino} out remainder hibb .65, +1.16
[12:13] {Alexs} stop .90 still?
01[12:15] {&Threei}  was so close to 1:1. let's trail to .86
01[12:20] {&Threei}  shrug
[12:20] {dino} atlas
[12:21] {nemo} cough
[12:21] {dino} have to read that again
[12:21] {dino} has a calming effect on me
01[12:25] {&Threei}  dino has to be the only person on earth for whom atlas shrugged is a lulabye
[12:28] {dino} if you lived my life it would make more sense to you on why i like it so much
[12:31] {Alexs} is it a good movie btw?
[12:32] {dino} didn't see it
[12:32] {dino} read book 3x
01[12:34] {&Threei}  no alex
[12:34] {nemo} if you lived my life you know why I like Dante's Inferno so much
[12:34] {Alexs} read just one book last 20 years '101 charts'
[12:34] {dino} ironically railroads out west are booming because of oil, as in book
01[12:35] {&Threei}  book is classic if you take it for what it is, manifest of a certain philosophy rather than novel
01[12:35] {&Threei}  movie is crap
[12:35] {dino} we could all use a dagney tagart or two
01[12:35] {&Threei}  lefties hate this book passionately
[12:36] {Alexs} sorry 111 charts
[12:36] {nemo} Alex is running for Les' spot
[12:36] {dino} a lot of the book is coming real
[12:36] {dino} less and less supporting more and more
[12:37] {dino} govt interference
[12:37] {nemo} technology forcing that issue also
[12:37] {Alexs} no that spot is sainted
01[12:37] {&Threei}  lol
[12:37] {nemo} you also have species dynamics
[12:37] {dino} class warfare based on envy
[12:37] {nemo} soiled is more like it Alex
[12:37] {nemo} yes, but there may also be an outgrowth of natural dynamics
[12:38] {nemo} at some point a species expands beyond the capacity of it's naturals support systems
[12:38] {Alexs} lol
[12:38] {nemo} our's are not natural in the sense some are imposed by the social dynamics at work, but the overriding principles win out eventually
[12:38] {dino} some point the welfare state destroys the producers
01[12:38] {&Threei}  honestly, when I read it, I thought, wow, she is describing USSR quite well
[12:39] {nemo} she was from Russia
01[12:39] {&Threei}  little did I know, this was all destined to repeat here
01[12:39] {&Threei}  I know
[12:39] {dino} she is describing obummer
[12:39] {dino} and he wasn't born when she wrote it
[12:39] {nemo} well, you also have the pyramid inversion of the population/income demographics
[12:40] {dino} you also have the ever expanding welfare state (poor me, i don't want to do that job, etc...)
[12:40] {nemo} yes, but you also have structural issues in the economy
[12:41] {nemo} technology has wiped out millions of jobs
[12:41] {dino} because of govt. they need to get out of the way
01[12:41] {&Threei}  "but I deserve a chance"
[12:41] {nemo} so what do you do with that population?
01[12:41] {&Threei}  hemlock?
[12:41] {dino} "deserve" is an evil word
[12:41] {nemo} 7.62X51
[12:41] {dino} nobody "deserves" anything
[12:42] {nemo} Vad...that line here
01[12:42] {&Threei}  or to put it other way, what you have is exactly what you deserve
[12:42] {nemo} society is a funny have to take care of the poor, so they're never held responsible for their actions and you reward them for bad behavior,
01[12:43] {&Threei}  no one is nailed to his place, his social layer, his intelligence level etc
[12:43] {nemo} and the rich and powerful, are rich and powerful, so the same with them
[12:43] {nemo} if you're in the middle, keep a barrel of KY handy and work on your flexibility
[12:43] {dino} agree w/both of you. but believe vads' statement more
[12:44] {nemo} true words are not fine sounding, fine sounding words are not true
[12:44] {dino} some succeed because they are destined to, but most succeed because they are determined to
[12:45] {nemo} Well, Vad's incorrect about intelligence level
[12:45] {nemo} If we believe statistical science, 84% of the population have average to less than average intelligence at an organic level
[12:46] {dino} the world needs ditch diggers
[12:46] {nemo} With the other 16% it depends on the programming
[12:46] {nemo} Not really dino, less and less all the time
[12:46] {dino} 50% or more on welfare could be sweeping/picking litter, etc. they should be made to do something
[12:47] {nemo} I don't disagree, but it will never happen
[12:48] {dino} i believe it is a liberal conspiracy bto keep them down. tell them its not their fault. give them handouts. and they will vote liberal. they destroy generation after generation with this
[12:48] {nemo} Very practical from a liberal's point of view
[12:48] {dino} sure, the vote just gets larger
[12:48] {nemo} yep
01[12:48] {&Threei}  not a conspiracy, pure reality
[12:48] {nemo} yep
[12:48] {dino} indeed
[12:49] {nemo} lifecycle of empire
[12:49] {nemo} TweetOfGod again
[12:51] {Alexs} so doesn't make sense to resist just follow the trend
[12:51] {nemo} what are you talking about Alex?
[12:51] {Alexs} time to become liberal
[12:51] {nemo} fake it and drink more
[12:51] {Alexs} progressive
[12:51] {dino} the are broken alexs. they just don't know it. if yuo wake up in the morning, most of what happens is your fault
[12:52] {dino} accept that fact and your life gets better
[12:52] {nemo} well, it has the chance to get better
[12:52] {nemo} inner city neighborhoods are jungles and the schools are a joke
[12:53] {dino} sure and liberals continue the staus quo
[12:54] {nemo} and entrenched bureaucracies
[12:54] {dino} y
[12:54] {nemo} Tocqueville
[12:54] {nemo} The US has become more fascist than anything else
[12:55] {nemo} mmmhh looks like they're going to run spy again
[12:56] {dino} dllr lod
01[12:56] {&Threei}  I see you all got brazen in ese's absence... just you wait, he will show you, using Khruschev's expression, kuz'kinu mat'
[12:57] {Alexs} lol
[12:57] {dino} roflol
[12:57] {dino} ese needs to read atlas shrugged
01[12:57] {&Threei}  won't work... mind is made up
[12:58] {nemo} whose mind isn't?
01[12:59] {&Threei}  well, while it's true, I for one make a conscious effort to listen to the left message now and then, trying to see whether they come up with something constructive
01[12:59] {&Threei}  haven't succeeded yet in finding it... but it's good to keep one's brain exercised and mind flecible
[13:00] {nemo} even if your spelling sucks
01[13:00] {&Threei}  it's not spelling
[13:00] {+cc_9} I think its probably safe to call it a weel.
01[13:00] {&Threei}  it's blind typing
[13:00] {+cc_9} week*
[13:01] {Alexs} now after all that discussion i feel like i red atlass twice
01[13:01] {&Threei}  Nikita Khrushchev's promise to show the United States a "Kuz'kina Mat'" at the 1960 United Nations General Assembly. The famous Russian idiom, which has been problematic for translators, literally meaning “to show somebody Kuzka's mother”, equates roughly with the English “We’ll show you!”
[13:01] {Alexs} read
[13:01] {nemo} yeah, the "We will bury you" speech
[13:01] {dino} cya cc9
01[13:02] {&Threei}  I still want one 1:3er, to put the day to about even
[13:02] {dino} dllr sm l .53 stop lod
[13:03] {+cc_9} dino, i mean there is not much else to trade.
[13:03] {dino} lol, figured friday afternoon, start weekend early
[13:04] {dino} hibb doing the jig between 52.50-90
[13:04] {dino} .90
[13:07] {dino} dllr stop -.13
[13:08] {+cc_9} can't leave yet, punchcard will show i left early to drink
[13:08] {dino} could use a few drinks
[13:09] {nemo} don't you keep a bottle in your desk, Dino?
[13:09] {nemo} not like you have to drive home
[13:10] {dino} wet bar 20 feet away, pool table, darts, free weights, etc. remodelled basement is my office area. 10x10 room for trades
[13:10] {nemo} thus my statement
[13:11] {dino} yeah, but don't drink and trade. will wait for 4 pm.
[13:12] {dino} hibb takes .00 it may spike
[13:17] {+cc_9} A juvenile has been arrested by Spokane police in connection with the beating death of an 88-year-old World War II veteran this week, police said Friday.
[13:18] {dino} hibb sm l .00
[13:18] {nemo} what color is he?
[13:18] {+cc_9} white
[13:18] {+cc_9} racewar2013
[13:19] {nemo} big industry
[13:19] {dino} funny, no sharpton on the 2 guys that killed the college kid. reverse
[13:19] {+cc_9} The motive? Police don't have one. The teens appeared to have picked him at random, authorities say.
[13:19] {nemo} no sharpton, no Obama, no Jessie
[13:19] {dino} my point
[13:19] {nemo} I know
[13:19] {+cc_9} is this a coincidence that teens are randomly killing people just as school is about to start ?
[13:19] {dino} meanwhile zimmermans head was getting pounded into the sidewalk
[13:20] {nemo} thinning the herd
[13:20] {+cc_9} Netflix should play re-runs of that trial.
[13:20] {+cc_9} "it sound like wet grass sir"
[13:20] {+cc_9} "that's retarded, sir"
[13:20] {nemo} What I get a kick out of is all the bad information about that case taken as fact
[13:20] {dino} "could have been me" obummer. why? do you pound heads off of sidewalks
[13:21] {+cc_9} I wonder if the 3 black teens who killed that Australian guy could have also been Obama's sons.
[13:21] {nemo} one of the teens was white
[13:21] {+cc_9} No wait, there were no skittles involved.
[13:21] {dino} lol
[13:21] {+cc_9} Mullato
[13:22] {dino} suppose its not their fault they were bored
[13:22] {nemo} FB
[13:23] {dino} ueps spike
[13:24] {+cc_9}
[13:24] {nemo} now CC
[13:25] {+cc_9} P getting some bids
[13:25] {+cc_9} nemo, whats up
[13:25] {+cc_9} are you jealous that you cannot compete for those shekels ?
[13:26] {nemo} piece of work
[13:26] {dino} just looked at clock, wow, only 1:28
[13:26] {nemo} why is expe up so much today?
[13:27] {dino} travelocity deal or something
01[13:29] {&Threei} Long Setup:  CAT  .80 break
[13:31] {Alexs} is it you on the picture cc?
[13:31] {+cc_9} No, im the one taking it for you guys.
[13:33] {+cc_9} GMCR @ 3 year highs
[13:33] {dino} ueps sm s .03
01[13:33] {&Threei}  If holds  .70
[13:37] {+cc_9} P trying to get a move here, last wall was .40
[13:39] {Alexs} so it's our 1:3er Vad?
01[13:39] {&Threei}  let me look in the future, be right back with you
[13:39] {Alexs} lol
01[13:40] {&Threei}  crap, who took my crystal ball wiping cloth
[13:41] {+cc_9} P closing in on 11:28AM wall
[13:42] {nemo} spy ready to pop, should help cat
[13:42] {dino} i can tell you, i'm 3 hours ahead
01[13:42] {&Threei}  chart shapes up roght so far
01[13:42] {&Threei}  really... unfair advantage
01[13:42] {&Threei}  we deserve it too
01[13:42] {&Threei}  someone should give us a chance
[13:43] {dino} icui drop
01[13:43] {&Threei}  should hold it here and pop up to 1:1
[13:43] {nemo} don't tell me, your proud to be a Canadian-American?
01[13:43] {&Threei}  downtrend us broken
[13:44] {nemo} Now I'm hearing Cat Stevens
01[13:44] {&Threei}  us = is
[13:46] {nemo} cmon cat don't be a pussy
01[13:47] {&Threei}  SPY is really jellyfishy
[13:47] {dino} now i'm hearing nugent (cat scratch fever)
01[13:47] {&Threei}  lol
[13:47] {nemo} hehehehe
[13:47] {nemo} met him at a hunting show...piece of work
[13:47] {nemo} liked his wife better
[13:48] {dino} :)
[13:48] {nemo} see where Duck Dynasty is the most popular show on Cable
[13:48] {nemo} wow
[13:48] {dino} crazy
[13:49] {nemo} Now I'm hearing Nero play the violin
[13:49] {nemo} boy Ron is awful quiet
01[13:52] {&Threei}  he is just wondering how come he feels confortable in this asylum
[13:53] {dino} because the inmates are running it
06[13:55] * nemo hides his head in shame
01[13:55] {&Threei}  1;1, finally
01[13:59] {&Threei}  oh well... not a 1:3er
[14:04] {dino} cov ueps .63, +.40
01[14:05] {&Threei}  wtg
[14:06] {dino} ty
[14:16] {Alexs} cat long again?
01[14:18] {&Threei}  no
01[14:18] {&Threei}  starts rather ,looking breakdownish
01[14:19] {&Threei} Short Setup: CAT  .70 break
01[14:19] {&Threei}  If holds  .80
[14:20] {+cc_9} the clock has not moved for hours
[14:31] {dino}  hibb spike, out .49,. +.49
[14:38] {Alexs} stop .81 right?
01[14:38] {&Threei}  yes
[14:42] {RonS} Beatles sing ringing in head...
[14:43] {RonS} ...Hello Goodbye...
[14:44] {dino} icui drop, too fast
[14:47] {+cc_9} scary volume dino
[14:48] {dino} not really
[14:49] {+cc_9} 172k total volume
[14:49] {nemo} dino trades rorschach charts
[14:49] {+cc_9} by scary, i mean too light, big spread, get stuck
[14:49] {dino} thats ok w/my system. control thru size
[14:49] {+cc_9} yes, easy to manip the bid/ask
[14:53] {Alexs} adsk short .30?
01[14:54] {&Threei}  nah... too sharp drop into support
[15:07] {nemo} looks like they'll hold the spy above the 50 sma today
[15:07] {nemo} might be lowest volume day this year
01[15:08] {&Threei}  IMF's Lagarde: Unwind of unconvential monetary policies is likely to take longer than many think, there shouldnt be a rush to exit- the unconventional monetary policies were successful, any premature exit from the programs would be bad
[15:09] {nemo} yeah successful in blowing another bubble
01[15:09] {&Threei}  NYSE volume 290M shares, about 19% below its three-month average; - NASDAQ volume 980M shares, about 6% below its three-month average
01[15:09] {&Threei}  The Nasdaq Stock Market, Inc Updates details of outage yesterday, notes there was no evidence of an attempted intrusion into systems, nor was there an unusual burst of quotation activity or trading messages (i.e. not an HFT problem)
01[15:10] {&Threei}  (US) President Obama: There is no urgent deficit crisis in the US
01[15:10] {&Threei}  reminds me: Al Capone: There are no gangsters in Chicago
[15:13] {Alexs} lol
[15:14] {Alexs} i forgot i'm progressive now
01[15:15] {&Threei}  good... we have whose sensitivities to insult while ese is away
01[15:16] {&Threei}  lol:
[15:17] {Alexs} nice one
[15:28] {Alexs} looks like gold didn't make it today
01[15:36] {&Threei}  veryy jellyfish day
01[15:37] {&Threei}  a few of them reversed after being a cent or two from 1:1
01[15:37] {&Threei}  working ones were scalps
01[15:37] {&Threei}  and no sense of determination whatsoever
01[15:38] {&Threei}  this is our first losing day in how long?
[15:38] {dino} slow day, but profittable, slightly under goal
[15:38] {Alexs} 7 days streak
01[15:38] {&Threei}  ok... well controlled, nothing extraordinary
[15:39] {dino} gj alexs
01[15:39] {&Threei}  just a tribute to gods of probabilities
[15:39] {dino} yesterday was neg for me. had 5 day streak going
[15:39] {nemo} looks like they want to go out on the highs
[15:43] {dino} calling it a week, thanks all
01[15:43] {&Threei}  ok guiys, let's have a great a weekend
[15:43] {Alexs} take care dino
01[15:43] {&Threei}  thank you all, see you on Monday!
[15:44] {dino} :)
[15:44] {Alexs} thank you for great week Vad
01[15:45] {&Threei}  very welcome