Nemo's Findings, week of 6/30/2013

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html  

"Nevermind....we were only kidding!"  ~The Fed...

 Well, the Fedmongers were out in full force backing away from that whole taper thing.  Ain't happening anytime soon.  The economy is not doing all that well.  Last week I thought the big thing was China actually, and they injected liquidity into their markets.  So the two big sources of nervousness were mollified this week.  However...

if the Fed taper-talk was the reason for the sell-off, that's all that is currently holding up this market, so unless this earnings season is good with good guidance, and econometrics get stronger, they are backed into a corner. Anyway, let's see some charts:

Remember that volume at price level highlighted in red from last week?  Notice where we bottomed?

 

Notice the white arrow very near to where we bottomed (close enough for government work...), that's the 38.2% retrace to the November low.

 

Ya' put the two together, what have you got?   See below:

 

 

Wait for it?............................................................................

 

 

 

ready?........................................................................................

 

 

 

CONFLUENCE!!!!!!!!!!!!!!!!!!!

 

 

 O.K. so I'm a bit melodramatic.  Question is what happens now?  Mmmmhhh..hard to say.  IWM is above it's 50 day, the finnies are sitting on it, and SPY is still a bit under the weather.  I think it would be reasonable to attempt an assault on it this week.  As I said before though, and not like I'm unique in the sentiment, earnings and guidance will lever the direction of this market.  This week's positive action can primarily be attributed to the FED, and oversold technical bounces.  Have you noticed though, that recent earning have been sold, where a couple of months ago, if a stock sold off on earnings in the morning, it was basically bought back up that day?  We may just be in the process of forming a rangebound trading area for the Summer leaning toward more downward action.

 

Let's take a quick look at bonds:  

 Here is a repeat of the weekly (was gonna' put weakly...probably apropos) As we can see, TLT made a valiant effort to recover the 50% retrace of the double bottom.  We'll see if it can hold it.  Both Gundlach and the PIMCO guy came out this week and said the carnage is likely over.  Having said that,  mortgage rates jumped .6% this past week on average.  That's huge...so, that may be a harbinger that the really good times for bond yields are over. 

And a quickie at the $:  

 

We've retraced above the 61.8% of that swing low, which way we head?  Good question...we're in the middle of world central bank currency wars.  It was, until recently $ up, market down.  Now they are moving more in positive correlation.  Looks like it could be headed for a bit of a downward retrace here.  On a larger time scale, it looks like they're trying to keep it in a range between $21ish and $23ish.

 

The week that was:

 

The week (month, quarter, semester) that is :

 

 O.K...all those new levels, that's enough for the weekend...

 

 

 

 

 

 

 

 

 

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Fed Officials Clarify Bernanke, PBoC Eases Liquidity Crunch

- The global sell-off sparked by the China liquidity crunch and Fed Chairman Bernanke's remarks on June 19th was brought to heel this week. The bond sell-off reached its peak on Monday before retracing some ground, while equity indices in Asia, Europe and the US posted solid gains through the middle of the week. Not every asset class bounced back, however, as gold continued its plunge, dipping below $1,200 by Friday. In the US, a parade of Fed officials sought to reign in panicky investors and emphasize that Bernanke did not substantially alter Fed strategy last week. China's leadership seemed to blink in its attempt to cool off the massively over-leveraged banking sector by cutting off liquidity, which went a long way to calming markets. With the exception of the third and final reading of Q1 GDP and the Chicago PMI, the US economic data out this week was pretty strong. First quarter GDP data in Europe was not very good, although the UK managed to avoid a triple-dip recession. The second quarter drew to a close on Friday with solid gains for equity markets despite the recent turmoil, giving the S&P500 its best H1 in fifteen years. For the week, the DJIA was up 0.7%, the S&P500 gained 0.8%, and the Nasdaq added 1.4%.

- No fewer than eight top Fed officials spoke this week in an effort to explain and clarify the words of Fed Chairman Bernanke at the post-FOMC decision press conference on June 19th. The overall tone was to admonish markets for misunderstanding the chairman's message and to emphasize that while tapering of asset purchases will likely begin soon, interest rates were a separate issue and would remain low for the foreseeable future. Hawk Lacker warned that markets had gotten ahead of themselves in their response to the taper. The officials acknowledged that Bernanke did make adjustments to strategy with the mention of the 7% unemployment milestone for tapering; the New York Fed's Dudley said asset purchases would most likely end around a 7% unemployment rate, while Kocherlakota said the jobless rate would likely hit 7% in second half of 2014. Fed's Powel averred that the FOMC would not even think about interest rates until unemployment hit the 6.5% threshold.

- The surge in bond yields that began in early May and accelerated after Bernanke's June 19th press conference appears to have topped out for the moment. The yield on the US 10-year hit a nearly two-year high of 2.66% on Monday, but has backed off this level to trade as low as 2.48%. Analysts note that other bond markets have been even more volatile. For instance the Barclays US Corporate High Yield Index briefly topped 7% early in the week - up from 5% on May 8th. In the week ended June 26, investors pulled $23B from bond funds, including emerging markets, high yield, investment grade and MBS funds, comprising the largest weekly outflows (as a percentage of AUM) since late 2008.

- After fixed income, precious metals have been the other main victim of the volatile reorientation of markets over recent weeks. Spot gold dipped below $1,200 this week for the first time since the summer of 2010. The second quarter was gold's worst quarter since at least the 1920s, losing 23% in three months. Gold entered a bear market in April, and since then it has only retreated further from its all-time high of $1,921 in September 2011. Gold miners have been hit hard with the decline in the yellow metal. After steep losses since early May, Barrick Gold dropped another 10% this week.

- The Chinese liquidity crisis appears to be easing just as quickly as it appeared. Last week the PBoC said it would not inject funds in order to ease liquidity conditions as overnight borrowing rates (Shibor) shot up as high as 13.4%. On Monday it said it remained extremely reluctant to step in and smooth over the liquidity crunch even as the Shanghai Composite fell more than 5% and a gaggle of Chinese firms and institutions cancelled bond auctions due to market conditions. By mid-week the PBoC appeared to have reversed course and stated that it would inject funds into selected lenders to ease conditions. Shibor dropped to around 5.5% as of Thrusday.

- The Commerce Department revised its third and final reading of Q1 US GDP downwards to +1.8% from the +2.4% second reading last month. The surprise downward revision was primarily related to consumer spending, exports and commercial real estate. Personal consumption growth was revised down to 2.6% from 3.4%. The Chicago PMI reading on Friday was also a disappointment, falling back to 51.6, making the prior month's one-year-high reading of 58.7 seem like an aberration. Other US economic data was pretty good. The May Durable Goods headline gain of 3.6% matched the revised April gain of 3.6%, while the various subcomponents of the report all exceeded expectations. The May New Home Sales numbers beat expectations and rose to their highest level since July 2008, marking the third straight month of gains in new home sales, while the April S&P/CS survey showed sustained gains for home prices as supply continues to tighten. Meanwhile, June Consumer Confidence rose to its best level since January 2008.

- BlackBerry severely disappointed investors with its Q1 report on Friday. Hopes were high for a resurgence led by BB10 sales although none was forthcoming. The firm saw a small loss in the quarter versus expectations for a profit, and it warned the same would be the case in Q2. It shipped 2.7M BB10 handsets in the quarter (~40% of overall shipments in the quarter), undershooting expectations.

- In M&A news, hospital operator Tenet Healthcare said it would buy rival Vanguard Health Systems for about $1.73B plus the assumption of $2.5B in debt. The $21 per share offer represented a 70% premium to last Friday's close. Shares of JetBlue spiked up as much as 8% on Friday on a sketchy report in the Brazilian press that Brazil airline Azul - run by JetBlue founder David Neeleman - was planning to buy JetBlue and possibly Portugal's TAP as well. The reports were subsequently denied.

- The dollar stayed strong through most of the week thanks to rising yields and widening interest rate differentials, overseas repatriation flows and unwinding of carry-related trades. EUR/USD closed out the month of June more or less where it began, hovering around support at 1.3000 after having trade as high as 1.3400 mid-month. The Euro only managed a slight boost from EU finance ministers' agreement on rules for bail-ins and EU leaders' presenting a seven-year budget and an €8B youth employment package. The yen extended the reversal seen last week as the ruling LDP swept Tokyo assembly election over the weekend, and was further supported by a 6% surge in the Nikkei225 on Thursday and Friday. The Tokyo poll results indicate strong momentum for Abe's party ahead of the House of Councilors (upper house) election in July.

TradeTheNews

June 28 2013

Not our day really. Even with couple good trades and one very good, overall choppiness kept us in red.  A few too many rinses.

[08:01] {thomcbell} bbry
[09:07] {Les} yo
01[09:10] {&Threei}  morning les
[09:10] {backman} gm
01[09:10] {&Threei}  bman :)
[09:10] {Les} looks like gold could slide here, maybe faster than expected
[09:19] {Will49} gm
01[09:19] {&Threei}  will :)
[09:21] {Alexs} gm
[09:21] {dptl} gm
[09:22] {dino} gm
01[09:23] {&Threei}  alex, dp, dino :)
01[09:25] {&Threei}  poor BBRY
[09:26] {backman} anyone recall the paired symbols cc9 mentioned a few days ago
[09:26] {Les} you mean his male shower show?
[09:26] {RonS} bmw
[09:27] {bbobr} gm
[09:27] {cipher} gm
01[09:27] {&Threei}  bbobr :)
[09:27] {RonS} before morning works...
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  [BBRY] CFO: Company ended Q1 with 72M subscribers, down 4M q/q; to discontinue providing subscriber metrics in the future
01[09:28] {&Threei}  probably because those metrics are so good
[09:28] {Les} lol
01[09:28] {&Threei}  right?
01[09:28] {&Threei}  right?'
01[09:28] {&Threei}  they don't want competitors to have the inferiority complex
[09:28] {nemo} Russell rebalancing today....oy
[09:29] {jdetente} gm
01[09:30] {&Threei}  jd :)
01[09:30] {&Threei} Short Setup: GDX  .50 break
01[09:30] {&Threei}  If holds  .55
01[09:32] {&Threei}  change to .55 break
01[09:32] {&Threei}  If holds  .60
01[09:34] {&Threei}  meh
01[09:36] {&Threei} Short Setup: GDX  .80 break
01[09:36] {&Threei}  If holds  .85
[09:39] {nemo} PMI coming
[09:39] {nemo} early look at 10
01[09:40] {&Threei}  (US) Preview: Jun Final University of Michigan Confidence expected at 09:55 ET (13:55 GMT)- Consensus expectations: 83.0e v 82.7 prelim
01[09:42] {&Threei}  not delighted
[09:43] {Alexs} it's summer time to change foor boots
[09:44] {ese} hmmmmmm am I in this time.....
01[09:44] {&Threei} Long Setup:  BBRY  .35 break
[09:44] {ese} lordy be!
01[09:44] {&Threei}  If holds  .30
01[09:45] {&Threei}  *(US) JUN CHICAGO PURCHASING MANAGER: 51.6 V 55.0E
[09:45] {+cc_9} late morning everyone
01[09:45] {&Threei}  morning ese, cc9
[09:46] {ese} report not good...therefore mrkts going to go up
01[09:46] {&Threei}  come on BBRY... some spine?
[09:46] {nemo} FED can't back out]
01[09:46] {&Threei}  nah
01[09:49] {&Threei}  SoMG!
[09:50] {dino}  wed close gap fill, still have tues gap open below
01[09:50] {&Threei}  1:1... frikin rinse
[09:51] {jdetente} 1:2
01[09:51] {&Threei}  sigh
[09:51] {dino} sstk at it again
[09:51] {Alexs} you made it jd?
[09:51] {jdetente} nope
[09:52] {jdetente} just watching
[09:52] {nemo} finnies at 50 day
01[09:53] {&Threei}  (*&^#)*^
[09:53] {jdetente} yeah that one stings
01[09:53] {&Threei}  .70 was exactly what I had in mind for this entry
01[09:55] {&Threei}  *(US) JUN FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 84.1 V 83.0E
01[09:55] {&Threei} Short Setup: GLD  .25 breeak
[09:55] {Will49} misplaced confidence
01[09:55] {&Threei}  If holds  .35
01[09:56] {&Threei}  half out +.20
01[09:56] {&Threei}  1/4 more out
01[09:56] {&Threei}  +.35
01[09:56] {&Threei}  stop .01
01[09:56] {&Threei}  that's better!
[09:56] {dino} gj
01[09:57] {&Threei}  good confidence numbers = gold is not needed
01[09:57] {&Threei}  and numbers come out right at the support to break
01[09:57] {&Threei}  dream scenario
[09:59] {jdetente} awesome
01[09:59] {&Threei}  out last part on a trail
[09:59] {jdetente} thanks
01[09:59] {&Threei}  yw sir
01[09:59] {&Threei}  this one trade covered three small stops and then some
06[10:08] * pragmatic test
[10:09] {dino} azz getting kicked
[10:09] {dino} apd sm l .90
01[10:10] {&Threei} Long Setup:  BBRY  .60 break
01[10:10] {&Threei}  If holds  .50
[10:11] {dino} apd stop .71 -.19
[10:13] {backman} bbry triggered?
[10:13] {dino} apd sm l .75
[10:15] {dino} sap sm l .70
[10:15] {dino} mgi spike
01[10:15] {&Threei}  yes
01[10:17] {&Threei} Short Setup: JPM  .60 break
01[10:18] {&Threei}  If holds  .65
01[10:19] {&Threei}  Invalidated
[10:21] {dino} abfs spike
01[10:22] {&Threei}  JPM is valid again
01[10:22] {&Threei}  If holds  .67
[10:23] {dino} apd stop .49 -.26
01[10:26] {&Threei}  really BBRY?
01[10:28] {&Threei}  is it one of those days I'd better stayed in bed?
[10:28] {Will49} that makes two of us
[10:28] {nemo} wow gld
[10:33] {Will49} my momma told me there'd be days like this:)
[10:33] {Will49} or was it Vad?
[10:33] {dino} same here so far
[10:34] {Will49} as we used to say....some do some don't...next!
01[10:34] {&Threei}  some days you are a windshield... some days you are a bug
01[10:35] {&Threei}  and some days it rains
[10:35] {nemo} and you get washed off the windshield
01[10:35] {&Threei}  GLD short softened the blow, but I wouldn't mind to find couple more like this
[10:43] {+cc_9} Finishing the month with an SSO bang :)
[10:44] {dino} apd was a big rinse
[10:45] {Les} http://tinyurl.com/nvurp44
[10:49] {jdetente} Les isn't this the same guy that says you can't make money daytrading?
[10:51] {Les} dunno
[10:52] {dino} mdso spike
[10:52] {jdetente} Yeah it is
[10:52] {jdetente} http://www.thereformedbroker.com/2013/05/12/advice-for-dylan-the-daytrader/
01[10:52] {&Threei}  consider the source... he never day traded himself, and is working for a fund soliciting money under management
01[10:53] {&Threei}  ever DIY trader is one less potential client for him :)
[10:53] {jdetente} yup
[10:55] {dino} out sap .00, +.30
01[10:55] {&Threei}  BBRY... I run out of words
[10:55] {Les} tza potential db
[10:55] {jdetente} those two trades today...grrr
01[10:59] {&Threei} Long Setup:  TZA  .35 break
01[10:59] {&Threei}  If holds  .30
[10:59] {nemo} iwm a funny trade today with the rebalancing
01[11:01] {&Threei}  can you cut your wrist with a banana?
[11:01] {jdetente} rotten banana
[11:01] {nemo} finnies and spy gotta' close gaps, bring iwm with it
[11:03] {dino} lhcg sm l .75
[11:12] {nemo} TDC looks short
[11:18] {dino} who pulled the plug on the markets? things are dead
[11:18] {nemo} finnies spy got to pivots
[11:19] {Les} long sds .42 holding .35
[11:24] {Les} half out
[11:26] {nemo} GG looks short
01[11:26] {&Threei} Short Setup: ABX  .55 break
01[11:26] {&Threei}  If holds  .65
[11:28] {nemo} rax looks shot
[11:32] {dino} halo spike
01[11:35] {&Threei}  1:1
01[11:36] {&Threei}  believe it or not
[11:36] {dino} lhcg stop .62 -.13
[11:37] {dino} halo sm l .08
[11:38] {dino} out halo .48, +.40
[11:39] {dino} cellulite drug?
[11:41] {nemo} yelp interesting short
[11:41] {nemo} very interesting
01[11:41] {&Threei}  Roche Holding AG European CHMP recommends approval of subcutaneous Herceptin (update) - press- Follow up: HALO notes the positive Opinion from CHMP on Roche's Herceptin (trastuzumab) SC for European approval, using Halozyme's recombinant human hyaluronidase (rHuPH20) for the treatment of patients with HER2-positive breast cancer in Europe.
[11:47] {nemo} cnx interesting if market weakens
01[11:50] {&Threei}  - The second quarter comes to a close today, and data, rebalancing and quarter-end flows are making for a choppy session.
01[11:50] {&Threei}  no kidding
01[11:50] {&Threei}  but hey, 1:3 on ABX will pacify me nicely
[11:53] {ese} not i'm not......i'm lurking
[11:53] {ese} and about to go L srpt
01[11:55] {&Threei}  scalp...
[12:00] {dino} corn drop
[12:02] {dino} sm l .58
[12:02] {Les} christ look at the futures on corn
[12:03] {Les} nice catch dino
[12:03] {dino} out corn .88, +.30
[12:03] {dino} ty les
[12:04] {Les} short abx again
[12:05] {dino} damn sold about .50 too soon
[12:10] {dino} arii spike
01[12:10] {&Threei}  1:2 now
[12:10] {Les} cover half 1:1
[12:10] {jdetente} good call Les
[12:11] {Les} when vad has off days I keep an eye on the stocks. might be a false break before the real one
[12:12] {Les} sometimes I fade the stock to cover a loss. did that with JPM
[12:12] {Les} fade the setup I mean
[12:12] {Les} funny, missed GLD with a sandwich in hand and olive oil threatening to go everywhere
[12:12] {Les} flipped charts to gdx
[12:13] {Les} hit SELL!
[12:13] {Les} alas, only a scalp
[12:13] {Les} the GLD order I was too late on
[12:13] {Les} gets hit on the huge bounce
[12:13] {jdetente} today has the stink of goat all over it
[12:13] {Les} I'm short the bounce
[12:13] {Les} see that it tops out
[12:13] {Les} and hit sell again for the next drop
[12:13] {Les} seat of the pants sorta trading today
[12:15] {dino} it's a don't force it type day. chill out, wait for setups
[12:16] {dino} arii sm s .01
[12:16] {backman} BBRY just flat lined...any feeling for break?
01[12:17] {&Threei}  yeah. I feel like breaking its legs with baseball bat
[12:17] {Les} hehehe
[12:17] {dino} too thick for me batman
[12:18] {dino} corn drops again
[12:18] {RonS} cornholio?
[12:18] {Will49} hey......
[12:19] {dino} i knew it was just a matter of time
[12:20] {dino} ben drop
[12:21] {nemo} wow, and I was gonna' make a joke about Les pant seat
[12:22] {Les} well u showed everyone how great a human being you are buying keeping yer friking comments to yerself
[12:22] {Les} ABX nother scalp
[12:22] {nemo} didn't know I was held in such high esteem
[12:23] {dino} figured someone would hit that ben drop, as in ben dover
[12:25] {backman} took a small long at .85
[12:26] {backman} scalped out...+.07
[12:32] {dino} arii to .72
[12:33] {dino} cov, slip .75, +.26
[13:00] {Les} sm short gdx .08
[13:00] {Les} holding .15
[13:01] {Les} .16
01[13:02] {&Threei} Long Setup:  CAT  .60 break
01[13:04] {&Threei}  If holds  .55
01[13:10] {&Threei}  half out
[13:13] {Les} gDX cup and handled on me
01[13:18] {&Threei}  1/4 more out
01[13:18] {&Threei}  CAT is my last friend
[13:19] {Alexs} was stopped on CAT, broke .55
01[13:19] {&Threei}  are you using automated stops?
[13:20] {Alexs} that time yes
01[13:20] {&Threei}  that's why I hate them
01[13:20] {&Threei}  .54 blinked for a fraction of a second and disappeared immediately, price jumped right back
01[13:20] {&Threei}  manually I'll never get out on that
01[13:21] {&Threei}  auto stop will react
[13:22] {Alexs} yeah but it's scaring market today
[13:39] {Les} sm long sds .52 holding .45
[13:47] {dino} dust going for that mid june gap
[13:52] {nemo} I'd get out les
[13:57] {Les} http://tinyurl.com/oudlmx2
[13:57] {Les} absolutely gorgeous as background wallpaper
[13:58] {Les} great shot and beautiful animal
[14:07] {Les} http://tinyurl.com/lxgxlqc
[14:12] {Les} vad slw .75 breakdown if it doesn't make it past .85?
[14:13] {Alexs} fur boots looks short here
01[14:19] {&Threei}  sorry guys, was away for a min
01[14:35] {&Threei}  things are stalled... no compelling trade right now
[14:36] {nemo} gonna' get funny around 3:30
01[14:41] {&Threei}  yeah but which way?
[14:44] {Les} really tryin to force it higher
[14:44] {Will49} Gotta leave early. Will be off-line until August so happy holidays to the North Americans and happy weekend to the rest...cheers
[14:45] {Les} lol not even time to say bon vacance
01[14:47] {&Threei}  take care will, have fun
01[14:47] {&Threei}  (because I am that polite)
[14:52] {dino} take care will
[15:00] {dino} 20 yr spike, tlt
02[15:05] * Disconnected
Session Close: Fri Jun 28 15:05:00 2013

Session Start: Fri Jun 28 15:05:00 2013
Session Ident: #discussions
02[15:05] * Attempting to rejoin channel #discussions
03[15:05] * Rejoined channel #discussions
[15:05] {Les} can't believe it
[15:05] {Les} he left us
02[15:05] * Disconnected
Session Close: Fri Jun 28 15:05:24 2013

Session Start: Fri Jun 28 15:05:24 2013
Session Ident: #discussions
02[15:05] * Attempting to rejoin channel #discussions
03[15:05] * Rejoined channel #discussions
[15:05] {dino} athn drop
01[15:05] {&Threei}  wtf
[15:05] {Les} spy fas at vwap
[15:05] {Les} i know its friday arvo and all vad
01[15:19] {&Threei} Short Setup: BBRY  .45 break
01[15:19] {&Threei}  If holds  .55
[15:21] {dino} pcyc drop
01[15:28] {&Threei}  BBRY... you've been a bad boy today, and you can earn our respect again by breaking down and panicking
01[15:31] {&Threei} Long Setup:  APOL  18 break hl
01[15:31] {&Threei}  If holds  .90
[15:43] {dino} calling it a week. thx all
01[15:43] {&Threei}  take caree dino
[15:44] {dino} will do, you 2
01[15:49] {&Threei}  well, it's not an ultimate definition of "not my day" but... it's not my day
06[15:49] * Les slaps Threei around a bit with a large trout
[15:49] {Alexs} lol
[15:49] {Les} bon weekend
[15:49] {Les} c u's monday
01[15:49] {&Threei}  havce a good weekend guys, see you Monday
[15:50] {jdetente} til Monday. Have a great weekend guys
[15:57] {bbobr} gn all

June 27 2013

Another day of the same - positive but requiring a lot of patience to sit through the long periods of market stall. Quarter end probably has something to do with it.

Session Time: Thu Jun 27 00:00:00 2013

[08:41] {+cc_9} goooooooood morning

01[08:41] {&Threei}  morning cc

[09:00] {Les} gm

01[09:01] {&Threei}  les :)

[09:03] {Les} looks like sovereign debt not only thing gonna get hammered as rates rise:http://tinyurl.com/nlmym3k

[09:04] {Les} redemptions in US bonds breaking 2008 highs

01[09:05] {&Threei}  of course... debt is debt, sovereign or corporate

01[09:05] {&Threei}  rates rise, debt burden becomes heavier

[09:05] {Les} Ben gotta be sweating here

[09:06] {Les} killing froth without killing confidence

01[09:10] {&Threei}  President Obama says he will not send US jets to intercept Snowden when he travels next - @Reuters

01[09:10] {&Threei}  eeck

[09:11] {nemo} this is shaping up into another gap up grind up already

[09:12] {jdetente} Good morning

01[09:12] {&Threei}  jd :)

[09:12] {backman} gm

01[09:12] {&Threei}  bman :)

[09:13] {dino} gm

01[09:13] {&Threei}  dino :)

[09:19] {Will49} gm

01[09:19] {&Threei}  will :)

[09:19] {RonS} howdy doody

01[09:19] {&Threei}  Ron :)

[09:19] {Les} Dunno Nemo, looking at 15 & 60 mins gap up and sell open is a possibility

[09:19] {nemo} fas and spy against the ceiling 

[09:19] {nemo} where's the 50 SMA and weekly pivot Les?

01[09:19] {&Threei}  Facebook is not totaly useless... got my first order for the print through it

[09:20] {cipher} gm

01[09:20] {&Threei}  http://goo.gl/SHJfg

01[09:20] {&Threei}  cipher :)

[09:22] {Les} oh stopped at midnight to take some moon photos vad. telephoto is clearly in order

[09:22] {Les} what r u using?

[09:22] {Les} to grab moon in such detail?

01[09:22] {&Threei}  50-200

[09:22] {Alexs} gm

01[09:23] {&Threei}  alex :)

[09:24] {thomcbell} market pretty steady recovery since monday 

01[09:25] {&Threei}  not PMs though

[09:26] {ese} gm

[09:28] {nemo} iwm spy and fas set up at the starting gate

[09:29] {+cc_9} Will watch ABX today, see if found "bottom" on slight gold reversal.

[09:29] {+cc_9} (ABX accounts for 12% of GDX fwiw)

01[09:29] {&Threei}  ese :)

01[09:30] {&Threei}  their daily almost identical

01[09:31] {&Threei} Short Setup: GDX  .65 break

01[09:31] {&Threei}  If holds  .70 

[09:35] {bbobr} gm

01[09:36] {&Threei}  bbobr :)

01[09:36] {&Threei}  half out

01[09:36] {&Threei}  stop to .66

[09:39] {+cc_9} NEM reversing, looking for long entry ABX

[09:40] {+cc_9} Looking @ ABX long on break of $15.05

01[09:41] {&Threei}  out balance

[09:42] {+cc_9} (NEM = 12% GDX / ABX = 12% GDX)

[09:42] {+cc_9} NEM session highs .90s. ABX lagging 

[09:43] {dino} actg sm l .41

01[09:43] {&Threei} Short Setup: CAT  83 break hl

01[09:44] {&Threei}  If holds  .07 

[09:44] {+cc_9} NEM nearing $28, ABX still lagging

[09:45] {dino} out actg .71, +.30

[09:45] {+cc_9} Long ABX 15.05 tgt 15.45

[09:45] {dino} dtv sm l .90

01[09:46] {&Threei}  1:1

01[09:46] {&Threei}  1:2

01[09:46] {&Threei}  CAT is still my friend

[09:50] {+cc_9} ABX new session highs. Go big Barrick

[09:50] {+cc_9} ABX now pushing GDX higher

[09:53] {+cc_9} ABX stop moved to cost (15.05) risk 0 

01[09:53] {&Threei} Short Setup: GDX  .80 break

01[09:53] {&Threei}  If holds  .85 

[09:55] {ese} is this working?

01[09:55] {&Threei}  ?

[09:56] {ese} guess not

01[09:56] {&Threei}  whatcha talking about ese?

[09:57] {dino} out dtv .25, +.35

[09:57] {ese} ahhh  there we go

[09:58] {Will49} nice kitty  tks Vad

01[09:58] {&Threei}  yw

[09:59] {ese} was on another board weirdly enough

[09:59] {nemo} 10 numbers

[09:59] {RonS} well, if you were there it was...

01[09:59] {&Threei}  lol

01[10:00] {&Threei}  *(US) MAY PENDING HOME SALES M/M: 6.7% V 1.0%E; Y/Y: 12.5% V 8.3%E

01[10:01] {&Threei}  1:1

[10:02] {robbers} Out GDX, thanks Vad.

01[10:02] {&Threei}  :)

01[10:03] {&Threei}  damage control in full blast mode by dudley-dovie:

01[10:03] {&Threei}  (US) Fed's Dudley (dove, voter): Initial rate hikes are a long way off, could arrive well after 6.5% unemployment level is crossed; economy may diverge significantly from FOMC forecast- Recent market expectations for an earlier rate rise are "quite out of sync" with the statements and expectations of the FOMC - If labor market conditions and economic growth were less favorable than FOMC's outlook, asset purchases would continue at a higher pace for longer.

[10:04] {Will49} back-peddle...back-peddle

[10:04] {dino} i wish they would just shut up

01[10:04] {&Threei}  unleash the dovies!

[10:04] {nemo} ain't happenin'

[10:05] {ese} hmmmm cut off again

01[10:05] {&Threei}  your ISP is crap, ese...

[10:05] {thomcbell} wprt small short 31.87

01[10:06] {&Threei}  shaw never acts up this often and this severe

[10:06] {ese} ya....am not exactly happy with telus

[10:07] {Will49} despise telus...nothing but trouble

[10:14] {thomcbell} stopped wprt

01[10:14] {&Threei} Short Setup: AIG  .10 break

01[10:15] {&Threei}  If holds  .15 

01[10:16] {&Threei}  GDX 1/4 more out... my dear fur boots

01[10:17] {&Threei}  stop to .76

01[10:17] {&Threei}  no go AIG

[10:25] {dptl} gm

06[10:25] * Les slaps dptl around a bit with a large trout

01[10:25] {&Threei}  wow

01[10:25] {&Threei}  alarm clock is broken?

[10:26] {dptl} late night

[10:26] {Will49} hope it was worth the abuse

[10:27] {Will49} you're taking now

06[10:27] * Les slaps Will49 around a bit with a large trout

[10:27] {Will49} whaaaa

[10:28] {Will49} just trying to support my friend

[10:28] {Les} late night. too tired to think up novel slapping for ya will

[10:28] {dptl} lo Will

[10:28] {dptl} lol

[10:28] {Will49} :)

[10:30] {dino} boil, ugaz drop

01[10:30] {&Threei}  stop to .71

01[10:31] {&Threei}  hmmm

01[10:31] {&Threei}  on one side, 36% Rate Personal Finances as Good or Excellent.

01[10:31] {&Threei}  on another, 75% have no savings to sustain them for more than 6 months with no income

[10:32] {Will49} 36% 0n the dole

[10:32] {dino} bingo

01[10:32] {&Threei}  math doesn't add up, so all I can conclude is that part of those 75% consider it good or excellent

[10:32] {Will49} all propaganda

[10:34] {Will49} in my Clint Eastwood state of mind this morning

[10:34] {Les} so that'd make me a little communist cockroach would it Will?

[10:35] {Les} can't remember clint eastwood swear words anymore

[10:35] {Will49} that'll do Les

[10:35] {dino} ugaz sm l .15

[10:37] {dino} iep drop, wide and thin sucker

01[10:41] {&Threei}  mind boggles as imagination tries to picture wide and thin sucker

[10:41] {dino} lol, wide spread, thin volume

01[10:42] {&Threei}  don't ruin it for me

[10:42] {Will49} come on vad...focus

[10:42] {dino} suppose i could have said cheap hooker instead

01[10:42] {&Threei}  I wanted to... but then dino came up with this

[10:42] {Will49} haha

[10:43] {dino} ugaz stop is .99, brb

01[10:43] {&Threei}  http://upload.wikimedia.org/wikipedia/commons/d/db/Halibut_300.jpg

[10:43] {dino} sob slipped out .88 -.27

01[10:43] {&Threei}  I guess this will do for wide and thin

01[10:44] {&Threei}  and sucker

[10:44] {RonS} lol

[10:44] {Will49} ahhhh...not what I was thinking at all

[10:44] {Will49} will tells himself...focus

01[10:48] {&Threei}  wacthing IWM for pullback entry

[10:48] {dino} exp spike, sstk spike

[10:50] {RonS} 3i...sstk somewhere to market your photos?

01[10:52] {&Threei}  I sell through them

[10:52] {RonS} ah ha...

01[10:52] {&Threei}  it's a stock photography, not necessary artistic

01[10:54] {&Threei}  can you see this portfolio:

01[10:54] {&Threei}  http://www.shutterstock.com/cat.mhtml?gallery_id=86761

[10:55] {dino} sstk sm s .24

01[10:55] {&Threei}  not sure if this url works without customer login

[10:56] {RonS} yes, and see it...was busy looking at pix...really nice collection

01[10:56] {&Threei}  cool... that's my portfolio at SSTK

[10:56] {RonS} particularly liked the pictures of you on page 3... 

[10:57] {Les} nah, gotta be customer

01[10:57] {&Threei}  me? no such thing there :)

[10:57] {RonS} ...the old goat?...:D

01[10:57] {&Threei}  nah, I am a cute owl: http://www.shutterstock.com/cat.mhtml?gallery_id=86761#id=82042378&src=TIO2txdu7_tc2SEeuii_cg-2-16

[10:58] {RonS} oh...OK...

[10:58] {backman} watching GDX ...see if it fails at .60 like yesterday

01[10:58] {&Threei}  ok... deadly hawk: http://www.shutterstock.com/cat.mhtml?gallery_id=86761#id=82065034&src=TIO2txdu7_tc2SEeuii_cg-2-15

01[10:58] {&Threei}  come on IWM, retreat more

[11:00] {dino} data spike

[11:01] {nemo} this is just about the same action as the last two days

[11:05] {dino} cov sstk .90, +.34

[11:05] {Les} short ABX .98

[11:06] {Les} holding .10

[11:06] {dino} srpt drop

01[11:06] {&Threei}  no clear entry IWM... got away

[11:06] {Les} messy yeh

[11:06] {dino} wow that was fast drop/pop

[11:07] {Les} thin and wide huh?

[11:07] {dino} wide and fat

[11:08] {dino} dropping again

[11:08] {backman} out gdx +.20

[11:09] {RonS} srpt...something about a drug named drisa getting breakthrough status...

[11:10] {RonS} cannot find details...

01[11:12] {&Threei}  it's GSK who developed the drug

01[11:12] {&Threei}  not sure how SRPT is related, maybe just in the same field

01[11:13] {&Threei}  Glaxosmithkline PLC FDA to grant breakthrough therapy designation to drisapersen for Muscular Dystrophy - press***Note that Sarepta Therapeutics is developing eteplirsen as a competing drug to drisapersen Related (GLAXF GSK GSK.UK SAREPTA SRPT )

01[11:13] {&Threei}  ahha

01[11:13] {&Threei}  they develop a competing drug

01[11:14] {&Threei}  eteplirsen competes with drisapersen

01[11:14] {&Threei}  don't tell me there is no joke in there somewhere

[11:14] {RonS} depends on what persen you talk to...

01[11:16] {&Threei}  hmmm... do I even want to talk to a persen going by moniker of drisa

[11:16] {ese} no

[11:16] {Les} gld new low

[11:16] {nemo} 97 was bottom of iwm channell

01[11:17] {&Threei}  well, this is where I wanted it ion that pullback but it never got there

[11:35] {Les} I nominate NEM for SoMG today

[11:35] {dino} what is somg?

[11:36] {Les} so "oh my GOD"... think teenage daughter squealing

[11:36] {dino} ahhh

[11:36] {Les} http://www.youtube.com/watch?v=M2FmDysvDr8

01[11:36] {&Threei}  son of a motherless goat

[11:37] {dino} i take it thats a bad thing?

[11:37] {Les} shorted it too early

[11:37] {nemo} pivot here

[11:41] {jdetente} Dino...

[11:41] {jdetente} http://www.youtube.com/watch?v=M2FmDysvDr8

06[11:41] * Les slaps jdetente around a bit with a large trout

[11:41] {Les} [17:37] {Les} http://www.youtube.com/watch?v=M2FmDysvDr8

[11:43] {jdetente} haha

[11:43] {jdetente} oops

[11:43] {jdetente} I just took you off ignore

[11:46] {Les} that's alright then

[11:47] {Les} outta here pyjama time back for close

[11:50] {dino} sstk sm s .30

01[11:58] {&Threei} Short Setup: GDX  .70 break

01[11:59] {&Threei}  If holds  .75 

[12:04] {dino} ades spike

[12:05] {thomcbell} tsla is a beast 

[12:06] {+Raven}  '

[12:06] {dino} gmcr drop

[12:08] {RonS} For Green Mountain Coffee Roasters $GMCR, IRI data continued to show weakness in K-Cups

[12:09] {dino} ty

[12:10] {thomcbell} wprt lord god

[12:12] {dino} rumors ups converting to gas by '14

[12:21] {ese} back in L fslr .85

[12:21] {ese} got stopped out of this yesterday for a small loss

01[12:22] {&Threei}  meh

[12:23] {dino} sstk stop -.36

[12:24] {backman} tempted to buy this break of GDX..psychic block

01[12:25] {&Threei}  other than morning recoveries from sharp selloffs, GDX wasn't a good long for the rest of the day really

[12:27] {ese} fslr stop -.20 ok I officially hate this stock

[12:30] {Alexs} .76 was right stop GDX

[12:32] {backman} took small short at .90

[12:35] {backman} partial at .81

01[12:35] {&Threei}  wtg

[12:48] {dino} ades sm s .70

[12:50] {backman} out on trail .12

[12:58] {Alexs} is there any problem to trade SPY Vad?

01[12:58] {&Threei}  not really

01[12:58] {&Threei}  it's just helpful to ave something leading your trading vehicle,

01[12:59] {&Threei}  so when you trade something else, you can use SPY as help

[12:59] {Alexs} but if a right setup it is possible to trade SPY itself?

01[13:00] {&Threei}  yes

[13:11] {dino} cov ades .20, +.50

01[13:14] {&Threei}  gosh GLD

[13:18] {dino} twc spike

[13:21] {dino} chtr too

[13:28] {dino} mktx spike

[13:33] {dino} mktx sm s .28

[13:36] {jdetente} zzzzz

[13:38] {jdetente} man GDX

01[13:40] {&Threei}  waiting for the bounce to short

[13:49] {dino} wow sstk

01[13:52] {&Threei} Short Setup: GDX  .50 break

01[13:53] {&Threei}  If holds  .55 

[13:54] {dino} omab sm s .38

[13:54] {RonS} is that dyslexic for moab?

01[13:55] {&Threei}  lol

[13:55] {Alexs} for obam

01[13:55] {&Threei}  my suggestion: it's dyslexic and short handle for obam

[13:55] {dino} lol

01[13:55] {&Threei}  lol alex

[13:56] {dino} gld clocked

01[13:56] {&Threei}  GDX, if it doesn't double-bottoms here and makes new low, it's one to ride

01[13:59] {&Threei}  GLD slide continues

01[14:00] {&Threei}  ABX too... GDX, are you blind?

[14:00] {dino} markets feel like want open gaps

01[14:01] {&Threei}  out for now

[14:08] {+cc_9} ABX what ? 

[14:08] {+cc_9} lol sorry im back

[14:08] {nemo} I'll leave it alone

[14:09] {nemo} nah

[14:09] {nemo} can't

[14:09] {nemo} You're sorry your back?

[14:09] {+cc_9} you're*

[14:09] {jdetente} he's apologizing to us nemo

[14:10] {nemo} Nixonian apology then

[14:10] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiP5UCV8USlIPy5wH-G6nLDWS9wwz0yth1M-WyTacWONIIYLfLQ0CKkDcEH9IXRoH1inlPbo5dLZ3a7hxCN-y1UkWa28DqttTKWhh9yJwcRcxuo5HnkKFGL9KuJiu193PQVBXeFu-n9tAgP/s1600/Nixon+Contemprary.jpg

[14:11] {ese} .

[14:11] {ese} opps

[14:12] {RonS} o m g...and they said pulp fiction was bad...Over 400 million tweets are sent every day; at 140 characters each, that's the equivalent of over 80,000 novels

01[14:12] {&Threei}  [GLD] August gold futures test $1200

01[14:13] {&Threei}  my contribution is minimal Ron, if that's any consolation

01[14:13] {&Threei} Short Setup: GDX  .80 break

01[14:13] {&Threei}  If holds  .85 

[14:14] {ese} there was a water version of that movie......"Gulp Fiction"

[14:14] {ese} alot more drinking in it to

[14:14] {Will49} lol

01[14:14] {&Threei}  1:1

[14:15] {dino} cover omab .27, +1.11

[14:15] {nemo} Rorschach charts again

[14:16] {dino} something about those

[14:16] {Will49} dandt dino

[14:16] {Will49} dandy

[14:16] {nemo} There's something about Dino

[14:16] {RonS} hey ese...

[14:16] {dino} thx

[14:17] {jdetente} scalp only...come on GDX

[14:17] {jdetente} you can do better

[14:29] {dino} nemo, you having me thinking about that Something about Mary movie

[14:34] {RonS} maybe he's just calling you a goober...:O

[14:34] {jdetente} "is that...hair gel?"

01[14:36] {&Threei}  end of the day should bring another bout of panic... question is which vehicle is better, GLD or GDX?

[14:37] {Alexs} looks like GLD gives more predictable result

[14:37] {nemo} ;-)

[14:39] {dino} lol

[14:49] {dino} stml drop

[14:51] {Les} we inanyting?

[14:51] {Will49} notathing

[14:52] {Les} u eationg at keyboartd too will?

[14:52] {Will49} not allowed

[14:55] {Les} A sharp fall in household disposable income and a drop in savings in the first three months has overshadowed revised official figures showing Britain's “double-dip” recession never happened. 

[14:56] {Les} one day its this

[14:56] {Les} next day its that

[14:56] {Les} everyone's poor but no recession nothing to see

[14:57] {Les} poorer

[14:58] {backman} GDX...u think taking out recent low of 22.87 has nay merit?

[15:00] {Les} hope yer not asking me

01[15:00] {&Threei}  watching... not sure yet

[15:00] {thomcbell} it might be washed out 

[15:06] {Les} gld .20 short?

01[15:07] {&Threei}  looks like

01[15:10] {&Threei}  1:1

[15:10] {Les} missed it. tired, off to bed

[15:10] {Will49} missed it too

[15:10] {Les} caught out reading yer gold macro article

[15:10] {Will49} and I'm not even tired

[15:11] {Les} your just old

[15:11] {Will49} true dat :)

[15:11] {Les} KAPOW!!

[15:11] {Will49} and slow

[15:11] {Les} slow is good

[15:11] {Les} starting to appreciate slow

[15:11] {Will49} in some things maybe

[15:11] {Les} hurts less

[15:11] {Les} c u's tomorrow a+

[15:17] {dino} cov mktx .37 -.09

[15:18] {dino} calling it a day, very good one. thx all for ideas

[15:18] {Will49} peace dino

[15:19] {dino} thx buddy

01[15:19] {&Threei}  take care dino

[15:19] {dino} u2

[15:24] {+cc_9} ok folks

[15:24] {+cc_9} u all have a great weekend!

[15:24] {+cc_9} Vad, have a good one bud

[15:24] {Will49} you 2

01[15:24] {&Threei}  sheesh... slackers all around

01[15:24] {&Threei}  I want one more trade

[15:25] {nemo} tiring day

[15:25] {Will49} you're just old

01[15:25] {&Threei}  hehe

[15:25] {nemo} grinding action

[15:25] {Will49} if they were hips it would be ok

[15:26] {nemo} nah, quarter end, end of month

01[15:29] {&Threei} Short Setup: GDX  .75 break

[15:29] {Alexs} time for panic GLD

01[15:29] {&Threei}  I hope!

01[15:29] {&Threei}  If holds  .85 

01[15:29] {&Threei}  and mekt is count GDX!

01[15:29] {&Threei}  1:4 at least

01[15:29] {&Threei}  "make it count" that was

01[15:36] {&Threei}  where is our panic

[15:36] {Alexs} lol

01[15:36] {&Threei}  come on gold, panic

01[15:36] {&Threei}  scream... yell... cry... throw dishes

[15:39] {jdetente} is that what you're doing over there??

[15:39] {jdetente} lots of racket

01[15:40] {&Threei}  well, that's what we are doing when nemo is not here

[15:41] {nemo} ?

01[15:41] {&Threei}  up[on his arrival, gunshots add to the noise

[15:41] {nemo} ahhh

[15:41] {nemo} I keep it on "select fire" though

01[15:42] {&Threei}  can you switch it to semi auto and aim at GDX?

[15:42] {nemo} select fire is semi-auto, auto is automatic

01[15:42] {&Threei}  ok... just do it already

01[15:43] {&Threei}  if you can add grenade launcher, I won't mind terribly

[15:43] {nemo} frankly, I was thinking sentry technique

01[15:43] {&Threei}  flamethrower won't hurt either

[15:43] {nemo} I'm more of a precision guy myself

01[15:43] {&Threei}  bayonette?

[15:43] {nemo} I was thinking of something a bit more ergonomic, but that will work

01[15:44] {&Threei}  GLD starts final descent into 8th circle of inferno

01[15:44] {&Threei}  catch up GDX

[15:44] {nemo} ironically, rather cold

[15:44] {jdetente} well GDX does have on fur boots for a reason

01[15:44] {&Threei}  lol

[15:45] {RonS} jolly good...U.K. says fields of shale gas in northern England twice as large as previously estimated | http://bloom.bg/12mW2TX

01[15:46] {&Threei}  oil is moribound

[15:46] {Alexs} no panic today

01[15:47] {&Threei}  no? :(

01[15:47] {&Threei}  but we love it so much

[15:51] {nemo} I think it's sublime

01[15:52] {&Threei}  hopefully this is just an end of quarter window dressing action

01[15:52] {&Threei}  and as we roll over, panic returns

[15:53] {nemo} next week so screwed up though

01[15:53] {&Threei}  why?

01[15:54] {&Threei}  oh wait

01[15:54] {&Threei}  short week

01[15:54] {&Threei}  3 days

[15:54] {Alexs} 4

[15:54] {nemo} canada holiday monday, half day wednesday

01[15:54] {&Threei}  hmm?

01[15:55] {&Threei}  I thought half day Fri

[15:55] {Alexs} you don't work Monday?

[15:55] {nemo} Wednesday look it up

01[15:56] {&Threei}  NASDAQ site shows half day on Wed for 2012

01[15:56] {&Threei}  nothing for 2013

01[15:56] {&Threei}  so I'd assume, we have full day off on Thu and half day on Fri

[15:56] {nemo} mmmhhhh....well, o.k. then again  gonna' be a slow week

[15:56] {nemo} nah, you have to stay after school

01[15:56] {&Threei}  my suggestion is, let's take 4 days long weekend

01[15:56] {&Threei}  not bother with Fri

01[15:57] {&Threei}  work 3 days

[15:57] {Alexs} nemo is right July 3d half day

01[15:57] {&Threei}  where do you see it?

[15:57] {nemo} all those in favor say, "I!"

[15:58] {nemo} http://www.thestreet.com/stock-market-news/11771386/market-holidays-2013.html

01[15:58] {&Threei}  I suspect it's an error, it makes no sense

[15:59] {nemo} mmmhhhhh....

01[15:59] {&Threei}  ok guys, thank you all

01[15:59] {&Threei}  have a good evening, see you tomorrow

[16:00] {Will49} peace

[16:00] {Alexs} gn all

June 26 2103

Decent day, starting with scalps mostly but getting juicier with this 1:5 Catch of the Day, GLD shot:

Session Time: Wed Jun 26 00:00:00 2013

[09:11] {+cc_9} RIP GDX

[09:17] {dptl} gm

01[09:17] {&Threei}  morning cc, dp

[09:17] {cipher} gm

01[09:18] {&Threei}  cipher :)

[09:18] {bbobr} gm

01[09:19] {&Threei}  bbobr :)

[09:20] {RonS} tm

01[09:20] {&Threei}  ron :)

[09:21] {RonS} qotd?...We've been looking for growth just around the corner for some time. Now it appears we should go looking for the corner.

01[09:21] {&Threei}  lol

[09:21] {Will49} gm

01[09:21] {&Threei}  good one

01[09:21] {&Threei}  will :)

[09:24] {+cc_9} Any GDX longs here today ?

[09:24] {Alexs} gm

[09:25] {Alexs} gm

01[09:25] {&Threei}  alex :)

[09:25] {RonS} alex:)

[09:25] {Alexs} gm

[09:25] {RonS} lol

[09:25] {Alexs} :)

[09:25] {+cc_9} :)

[09:25] {jdetente} morning fellas

01[09:26] {&Threei}  jd :)

[09:26] {+cc_9} gm :)

[09:26] {+cc_9} gm vad :)

[09:26] {dino} gm

[09:26] {+cc_9} 4 mins left for maximum smileys

01[09:26] {&Threei}  dino :)

01[09:26] {&Threei}  re GDX, I'd think first move is short

01[09:27] {&Threei}  .80 break, if it waits for us

[09:27] {robbers} Trading in a wide range so far.

01[09:28] {&Threei}  told you... gold won't quit untill it squashes last goldbug on the planet

[09:28] {dptl} at around 400 ?

01[09:29] {&Threei}  500-600 is the lowest I'd expect it to go

[09:29] {dino} wow gld

[09:29] {ese} gm

01[09:29] {&Threei}  ese :)

01[09:30] {&Threei}  GDX didn't wait for us

01[09:31] {&Threei} Long Setup:  IWM  .50 break

01[09:31] {&Threei}  If holds  .40 

01[09:32] {&Threei}  1:1

[09:35] {+cc_9} test

[09:36] {robbers} Took my profit, thanks.

01[09:36] {&Threei}  :)

[09:37] {backman} C returning to yesterday's high

01[09:37] {&Threei} Short Setup: GDX  .67 break

01[09:37] {&Threei}  If holds  .75 

[09:37] {thomcbell} agreed on gdx 

01[09:39] {&Threei}  .60 is main thing to break

01[09:39] {&Threei}  .67 is kind of aggressive entry

01[09:39] {&Threei}  good boy

01[09:39] {&Threei}  girl?

[09:39] {ese} dino.....fcfs raisied to outperform...dn 6 bills

01[09:39] {&Threei}  1:1

[09:40] {ese} sheesh

01[09:40] {&Threei}  bad guidance ese

01[09:40] {&Threei}  and downgrade

[09:40] {dino} ty ese

01[09:41] {&Threei}  First Cash Financial Services Inc FBR Capital reiterates Outperform rating; price target: $58 (from $62)- Removed from FBR Top Pick list. - Price Target lowered to reflect reflect a reduced earnings outlook given continued gold pressure, Mexican peso depreciation, and slow U.S. consumer loan growth.

[09:41] {ese} talk about mixed signals

[09:42] {dino} tu?

01[09:42] {&Threei}  Cia De Minas Buenaventura-ADR Rpeortedly forecasts making $1B investment into the Chucapaca Gold plan

[09:42] {ese} wheres the dn grade vad.....am not seeing it.....or is it the price target lowered?

[09:43] {dino} i have it on st smar pro 2 downgrades

01[09:43] {&Threei}  yes, snd removal from top pick list

01[09:43] {&Threei}  that outperfom is just reiteration

[09:43] {robbers} Thanks GDX.

01[09:43] {&Threei}  yw

01[09:43] {&Threei}  reiteration means desperation

01[09:44] {&Threei}  I'd never ever invest into something called "Chucapaca"

[09:44] {RonS} reiteration means "please buy our stock"...

[09:45] {thomcbell} make a note to buy it when he throws in the towel to sell

[09:45] {jdetente} how about chupacabra?

[09:45] {dino} rci sm l .99

[09:46] {dino} tu sm l .95 trig

01[09:46] {&Threei}  TU is linked to VZ bidding for Wind Mobile, dino

01[09:48] {&Threei}  chupacabra, is it different from platypus?

[09:48] {jdetente} I think they're cousins

01[09:49] {&Threei}  third being Aye-aye

[09:51] {jdetente} this family got a severe beating with the ugly stick

01[09:51] {&Threei}  lol

[09:51] {ese} tu performing nicely dino......good one

[09:51] {+cc_9} long GDX 22.71 tgt $23+

01[09:51] {&Threei} Long Setup:  FCX  .20 break

[09:52] {dino} out tru .75, +.80

[09:52] {dino} tu

01[09:52] {&Threei}  wtg

01[09:52] {&Threei}  If holds  .10 

[09:52] {dino} ty, symbol was tu not tru

[09:53] {dino} out rci .32, +.33

01[09:55] {&Threei}  let's recalibrate it

01[09:55] {&Threei}  .10 break long

01[09:56] {&Threei}  if loses .05, wait for a drop under 27

01[09:57] {&Threei}  hmmm... nemo and les both absent....

01[09:57] {&Threei}  stop under .05

[09:58] {dino} c hod, china app mutual funds

[09:58] {Les} hello

01[09:58] {&Threei}  aim to sell half right under .20

01[09:58] {&Threei}  les :)

[09:59] {Les} what u in?

01[09:59] {&Threei}  FCX

01[10:00] {&Threei}  no go

[10:00] {thomcbell} long small lvs 

[10:01] {+cc_9} out GDX -$0.10

[10:01] {+cc_9} what a dog

[10:02] {Will49} golden retriever

[10:02] {Les} CC u c SDS long here?

01[10:03] {&Threei}  lol will

01[10:03] {&Threei}  that's multi-layered joke

[10:03] {Will49} :)

[10:04] {RonS} goldendoodle...or is it goldendiddle?

[10:04] {Will49} lol

[10:04] {thomcbell} sold 1/2 lvs 51.12

01[10:04] {&Threei}  Supreme Court rules DOMA is unconstitutional

[10:04] {thomcbell} +0.25

01[10:05] {&Threei}  wtg

[10:05] {Les} DOMA?

[10:05] {jdetente} defense of marriage act

[10:05] {dino} shos drop

[10:05] {+cc_9} Les, yes, can scale light

[10:06] {+cc_9} VXX was picking up earlier, market could get a little nervous

[10:06] {+cc_9} most important eco data for today is gay marriage, so trade careful

[10:06] {Les} lol

[10:07] {thomcbell} out rest of lvs 51.15

[10:08] {Les} SDS works

01[10:08] {&Threei} Short Setup: FB  .25 break

01[10:08] {&Threei}  FACEBOOK - Where idiots complain about other idiots being idiots

[10:09] {Les} hey that's me u talking about

[10:09] {ese} good one cc

[10:09] {+cc_9} ugh GDX

01[10:10] {&Threei}  stop .32

[10:11] {dino} rci sm l .05

01[10:15] {&Threei}  cover half

01[10:16] {&Threei}  stop to .26

[10:20] {ese} L fslr .67

[10:24] {thomcbell} long setup splk 44.16 break if holding 44.06

01[10:24] {&Threei}  so, with all the great numbers we get bombarded, how was this possible

01[10:25] {&Threei}  *(US) Q1 FINAL GDP Q/Q ANNUALIZED: 1.8% V 2.4%E; PERSONAL CONSUMPTION: 2.6% V 3.4%E

[10:25] {dino} because the game is rigged

01[10:25] {&Threei}  heh

01[10:25] {&Threei}  remember yesterday's richmond fed? which I said was just a bs

[10:26] {dino} no, don't remember much of trading days

01[10:27] {&Threei}  32% Say U.S. Economy Getting Better, 39% Say Worse

[10:28] {ese} meaning another 30% don't care approx

01[10:29] {&Threei}  they are too deep into Survivor to notice anything else

[10:29] {thomcbell} splk 1:1 kind of 

[10:29] {ese} whats survivor?   survivor mode?

01[10:30] {&Threei}  reality show

[10:30] {ese} oh

[10:31] {ese} cut the tv off 18 years ago when my daughter was born...don't know these things

01[10:31] {&Threei}  hmmm... Boehner competes with me for the title of Captain Obvious:

01[10:31] {&Threei}  (US) House Speaker Boehner (R-OH): President Obama's policies are hurting growth

[10:31] {thomcbell} out splk

[10:32] {dino} stick it to him boehner

[10:33] {ese} that was really splick tom.....good one

01[10:33] {&Threei}  Supreme Court won't take up Prop. 8 case; paves way for same-sex marriage in California

01[10:33] {&Threei}  lose that .15 already FB

[10:35] {dino} rci stop .89 -.16

[10:36] {dino} rinsed

[10:36] {ese} fslr........DOOOOOOOO!!!!!!!!!! ITTTTTTTTTTT!!!!!!!!!!!

[10:36] {ese} do what you might ask

[10:36] {ese} well

[10:36] {ese}  let me tell you

[10:37] {ese} it like this see

[10:37] {ese} if this thing don't make me some frickin money.....so help me

[10:37] {ese} I'lll

[10:37] {ese} i'll

[10:37] {jdetente} breathe ese

[10:37] {ese} wait til it does

[10:37] {ese} so there

01[10:37] {&Threei}  that blue shade in face can't be healthy

01[10:38] {&Threei}  out FB balance on a trail

[10:38] {ese} rotflol

[10:38] {ese} good one

01[10:38] {&Threei}  so far 3 working trades - all scalps

[10:38] {Will49} dentist's market

[10:38] {jdetente} took full scalp on 2 of 3...feels like that kind of day

[10:39] {ese} barber's market

[10:39] {ese} with all this scalping going on

[10:39] {Will49} lol

[10:40] {jdetente} little big horn's market...

[10:40] {jdetente} is that politicall incorrect???

[10:40] {ese} good question

[10:40] {ese} ask vad

[10:40] {Will49} it is up here in BC

[10:40] {ese} we'll know if your not on the board tomorrow

[10:40] {jdetente} lol

[10:40] {jdetente} in Europe I think I would be arrested

[10:41] {jdetente} now since I have Native American ancestry am I allowed ? These PC rules are hard to follow

[10:42] {RonS} ...it's OK w/ me, Chief...

[10:42] {RonS} :D

01[10:42] {&Threei}  the solution might be to call yourself nonPC-American

01[10:42] {&Threei}  seems to work for all others

[10:42] {Les} I dunno

[10:43] {Les} I'm feeling a little spiteful

[10:43] {ese} hmmmmmmm

[10:43] {RonS} ...the new , the ultimate....minority

[10:43] {Les} and after climate change

[10:43] {Les} i think we can work togethor to tackle anti-PC people like JD

[10:43] {Les} what's that catchy word?

01[10:43] {&Threei}  with the same success as we did tackling climate change?

[10:43] {Les} ah yes... change

[10:44] {Les} hope

[10:44] {nemo} anti-pc?  My kinda' guy....BACK OFF!!!

01[10:45] {&Threei}  you are not going to believe it but:

01[10:45] {&Threei} Long Setup:  GLD  .80 break hl

[10:45] {nemo} the world would be a much better place if I were emperor

[10:46] {ese} lol

[10:46] {RonS} don't think so...enough rabbits already...

01[10:46] {&Threei}  too bad Les wouldn't be able to enjoy that better world

[10:46] {jdetente} Emperor Nemo...Emperor Nero...close

[10:46] {ese} weirdly enough.......i have to agree with that

[10:46] {nemo} I don't play the violin...I play the M60 machine gun

[10:46] {jdetente} but things would burn

01[10:47] {&Threei}  Invalidated  GLD 

[10:47] {ese} nemo being emperor of course

[10:47] {nemo} gotta' break a few eggs

[10:47] {ese} true

01[10:47] {&Threei}  fashion would be a weird thing in that better world... bulletproof vests under tank tops

[10:48] {jdetente} vests...military garb...sounds like the YMCA

01[10:48] {&Threei}  swim suit competitions would be very hard to judge

[10:48] {Will49} judge the bottoms

01[10:48] {&Threei}  double ones?

[10:48] {Will49} haha

01[10:49] {&Threei}  that puts interesting spin on Les's interest to triple bottoms

01[10:49] {&Threei}  all in all, Nemo's kingdom promises a lot of intriguing changes

01[10:50] {&Threei} Short Setup: GDX  .70 break

[10:51] {RonS} dammit missed

[10:53] {ese} tap tap tap...........tap tap tap........................tap tap tap   ...pause.....tap tap tap......the sound of fingers impatiently taping on destk waiting for profit to magically appear

[10:55] {ese} neyuck neyuck neyuck....dak dak dak..........three stooges afirmation of ese's profit

[10:55] {Will49} lol

[10:55] {ese} fslr.....DOOOOOOOO!!!!! IIIIIITTTTTTTT!!!!!!!

01[10:56] {&Threei}  US overtakes China as top investment destination, first since 2001

[10:56] {Will49} flight to safety

[10:56] {ese} you may wonder about my tirade.......aside from the insanity part.......i'm in a bit of a hurry this morning

01[10:57] {&Threei}  nah, we will settle for insanity

[10:57] {ese} lol

[10:57] {dptl} where is stop for gdx

[10:57] {dptl} ?

[10:57] {ese} I figerd

01[10:57] {&Threei}  .76

[10:58] {dino} rci sm l .90

[10:58] {RonS} saw the Stooges in person when a kid...@ a movie theater befor one of their movies...lol

[10:58] {ese} neyuck neyuck neyuck........dak dak dak....neyuck neyuck neyuck.......

[10:59] {ese} that would have been funny

[10:59] {Will49} ron...was Eddie Cantor on same bill?

01[11:00] {&Threei}  1:1

[11:00] {RonS} no, but when in college saw eddie decanter...

[11:00] {Will49} lol

[11:01] {dptl} MAR .50 break short

[11:01] {ese} come on fslr.......just give me one parabolic move here........just one  ya no good peice ah......I mean....theres a good stock ...do like your suppose to

01[11:02] {&Threei}  now FB breaks down

[11:03] {ese} hmmmmm might be forced to take something here...spyders breakdown

[11:05] {ese} bounce little sypder bounce

[11:06] {ese} send my stock into a parabolic stratospheric profit situation

[11:07] {ese} what a way with words eh?

[11:07] {Will49} have you had a pull on a BC flag this morning ese?

[11:08] {ese} huh

[11:08] {ese} whats that

[11:08] {dino} lol will

01[11:08] {&Threei}  I suspect he had a glass of water will... which diluted some of that vodka from saturday causing secondary effect

[11:08] {Will49} DP will explain

[11:08] {+cc_9} Les, hows that SDS 

[11:08] {+cc_9} gay marriage approved = market went down. Easy trade

01[11:09] {&Threei}  lol

01[11:10] {&Threei}  GDX balance stop to .68

[11:10] {Will49} ese....BC Flag = pot

[11:11] {Will49} soembody said that even the BC flag was woven from hemp

[11:11] {Will49} dp i think it was

01[11:12] {&Threei}  that was 4th scalp

[11:12] {ese} essssch..........didn't know that

[11:12] {Les} yeh good setup cc me too quick to take profits on scalp.

[11:14] {Les} misread your setup on GDX running out the door vad. GLD was approx. .70 at same time. made 1:5. metal moving a bit better than the miners

[11:14] {Les} hmmmm

[11:16] {ese} that ain't true......shoulda heard the way we were talking about you at the shiskabob party Les

[11:16] {nemo} wow

01[11:16] {&Threei}  we were talking? when did that happen? all I heard is people chewing and swallowing

01[11:18] {&Threei}  GDX...

[11:18] {robbers} Out GDX, thanks again.

01[11:18] {&Threei}  yw

[11:19] {Will49} tks Vad GDX

01[11:20] {&Threei}  :)

01[11:20] {&Threei}  lol

[11:21] {+cc_9} i only have one friend left here, thats Les

[11:21] {+cc_9} :(

[11:22] {Les} lol you poor fool

[11:22] {+cc_9} oh

01[11:22] {&Threei}  only if I am bribed properly

[11:22] {jdetente} the irony is Les only became your friend after the comment

[11:22] {Les} not bad jd

01[11:22] {&Threei}  rofl

[11:23] {+cc_9} lol

[11:23] {Les} I knew there was a reason I hit onto cc's 'trading style' so quikly

[11:23] {+cc_9} :D

[11:24] {dino} mck spike

01[11:26] {&Threei}  GLD... murder in progress

[11:28] {dino} mck sm s .70

[11:29] {+cc_9} WLT sliding 

[11:29] {+cc_9} { $10.00

[11:30] {dino} cov mck .30, +.40

[11:36] {dino} hawk drop

[11:36] {ese} gotta go.....be back later......end of year staff meeting

01[11:37] {&Threei}  drinks offered?

[11:38] {dino} hawk sm l .70

[11:41] {dptl} AGNC short?

01[11:41] {&Threei}  hl

[11:43] {dino} out hawk .00, +.30

[11:45] {dino} rci to .99 thing stuck

[11:46] {dino} out rci +.08

[11:54] {dino} lawyers biggest winners same sex marriage....doubles the number of potential divorce cases

[11:56] {Les} lol

[11:56] {Les} gotta run... suit, black tie and can of mace at my side. It's showtime

01[12:00] {&Threei}  those pajama parties become really weird

[12:00] {jdetente} lol

[12:01] {jdetente} apparently they also involve trading in showers

01[12:01] {&Threei}  maybe I just need to skip posting today's log altogether... :)

[12:01] {jdetente} may be necessary

[12:02] {Alexs} lol

01[12:12] {&Threei} Short Setup: GDX  .50 break

01[12:12] {&Threei}  If holds  .56 

[12:17] {dino} gra spike

[12:18] {+cc_9} anyone took a piece of that WLT ?

[12:18] {+cc_9} lil reversal

[12:19] {dino} no

01[12:21] {&Threei}  be back in 20 min guys

01[12:44] {&Threei}  bacl

01[12:44] {&Threei}  missed much I see

[12:45] {jdetente} they found the cure for climate change

[12:46] {jdetente} copious amounts of whisky

01[12:46] {&Threei}  I am down with that

[12:49] {dptl} stopped agnc

[12:51] {robbers} Please tell us you weren't taking a shower.

01[12:52] {&Threei}  me? god no

01[12:52] {&Threei}  I wait for the layer of dirt to reach half inch, then jump a few times and it cracks and falls down

[12:52] {dptl} gdx valid again?

01[12:52] {&Threei}  no

[12:53] {backman} put some fotos up on your blog....will be great fun to admire, I'm sure

[12:57] {dptl} apol short?

01[12:57] {&Threei}  there backman http://goo.gl/0Lx6I

01[12:58] {&Threei}  dp, stop it

01[12:58] {&Threei}  I don't even want to look at APOL

01[12:58] {&Threei}  I see your patern repeating

01[12:58] {&Threei}  room is 4 :1

01[12:58] {&Threei}  you?

[12:58] {dptl} ye you right...down

[13:04] {thomcbell} splk hehe

[13:19] {dino}  yrcw spike

[13:29] {backman} dang, C is about a dime away from morning high....hate wasting time in court

[13:30] {RonS} ya, but aren't you the judge?...

01[13:42] {&Threei} Short Setup: JPM  .67 break

01[13:43] {&Threei}  If holds  .74 

01[13:48] {&Threei}  You know you should go to sleep when the sheep you’re counting start to hit the fence

01[13:48] {&Threei}  lol

[13:52] {Will49} ooops, sorry I didn't laugh...was asleep

[13:52] {dino} meg spike

01[13:52] {&Threei}  meh

[13:53] {dptl} out jpm

[13:57] {dptl} see ya tomorrow all

[13:57] {dino} cya dp

[13:57] {Will49} cheers dp

01[14:00] {&Threei}  take care dp

01[14:09] {&Threei}  Sprott Gold and Minerals Fund - minus 49% year-to-date

[14:10] {Will49} ouch

01[14:11] {&Threei}  gurus...

01[14:11] {&Threei}  same story every time

01[14:30] {&Threei} Short Setup: CAT  .75 break

[14:30] {dino} rci sm l .60

01[14:30] {&Threei}  If holds  .82 

01[14:32] {&Threei}  meh

01[14:33] {&Threei} Short Setup: GLD  .75 break

01[14:33] {&Threei}  If holds  .85 

[14:33] {RonS} lol...Is it bad that the first thing I think of re: Aaron Hernandez arrest is what I should do with him in my Fantasy Football Keeper's League?

[14:35] {backman} ahh, he will be the butt of many jokes

[14:35] {dino} goes in as tight end, out as wide receiver

[14:35] {Alexs} GLD triggered?

01[14:35] {&Threei}  not yet

[14:35] {nemo} he "lived" about 20 minutes from me

01[14:35] {&Threei}  but it better

[14:35] {RonS} ...since he is a tight end...oh...sorry b-man...

01[14:36] {&Threei}  we need panic

01[14:37] {&Threei}  ok GLD

01[14:37] {&Threei}  die now

01[14:38] {&Threei}  die more

01[14:38] {&Threei}  die faster

01[14:38] {&Threei}  die merrier

01[14:39] {&Threei}  1:1

01[14:39] {&Threei}  1:2

01[14:39] {&Threei}  good boy

01[14:39] {&Threei}  finally something decent

[14:40] {Will49} tks Vad...needed that

01[14:40] {&Threei}  :)

[14:41] {dino} cov gld .55, +.20 ty 3i

01[14:41] {&Threei}  yw :)

01[14:42] {&Threei}  panic... my favorite

01[14:42] {&Threei}  1:3

[14:42] {dino} silver cut in half since oct.

01[14:43] {&Threei}  1:4

01[14:43] {&Threei}  1:5, out

01[14:43] {&Threei}  whew

01[14:43] {&Threei}  http://www.youtube.com/watch?v=5ilGGP9BDZs

[14:43] {dino} nice

[14:44] {Will49} nice catch Vad

01[14:44] {&Threei}  ty

[14:46] {dino} must be some hedge fun pain on the gold trade...blow-up of one or more coming soon imo

[14:55] {dino} out rci .80, +.20

01[15:32] {&Threei}  subdued closing

[15:36] {+cc_9} how are people still buying RPTP 

[15:36] {dino} seriously

01[15:44] {&Threei}  OK guys, doesn't look like anything will come along for the close

01[15:45] {&Threei}  thank you all, have a great evening

01[15:45] {&Threei}  see you tomorrow

[15:45] {+cc_9} take care folks!

[15:45] {+cc_9} have a good one Vad.

[15:45] {Alexs} good night all

[15:46] {dino} gn all, thx for ideas

[15:47] {Will49} peace guys