July 31 2013

Perfect way to start one's trading day. Not that continuation was any worse, with 4 wins out of 4 trades at the time of this post.

One more Catch of the Day to polish it off and finish third great day in a row, GM reversal

Session Time: Wed Jul 31 00:00:00 2013
[09:15] {cipher} gm
01[09:15] {&Threei}  morning cipher
[09:22] {bbobr} gm
01[09:22] {&Threei}  bbobr :)
[09:22] {RonS} halo...morning offering to nemo...
01[09:23] {&Threei}  ron :)
[09:23] {nemo} what u offerin'?
01[09:23] {&Threei}  finest wines and cheeses? I am in
[09:23] {nemo} I'll settle for a....nevermind
01[09:25] {&Threei}  I feel like I made a breakthrough into 21 century... my printer died, so I got a laser one, for under 100 dollars - and it's connected to all my comps wirelessly
01[09:25] {&Threei}  setup took all of 5 min
01[09:25] {&Threei}  I still remember hours of connecting computers into network and to internet
01[09:26] {&Threei}  configure this, configure that
01[09:26] {&Threei}  now all the pieces do it vy themselves, just let them
01[09:26] {&Threei}  miracles of technology...
[09:27] {Alexs} gm
01[09:27] {&Threei}  alex :)
01[09:27] {&Threei}  missed two great days
[09:28] {Alexs} :(
01[09:28] {&Threei}  MOS another gap down
01[09:30] {&Threei} Short Setup: GDX  .10 break
01[09:30] {&Threei}  If holds  .15
01[09:33] {&Threei}  1:1
01[09:35] {&Threei}  1:2
[09:35] {robbers} Out, great start.
[09:37] {RonS} chi pmi at 42...
01[09:39] {&Threei}  with official release for mortals at 45
[09:40] {Alexs} nice call Vad :)
[09:41] {Alexs} thanks
01[09:41] {&Threei}  yw
01[09:41] {&Threei}  out in full at 1:3
01[09:42] {&Threei}  just in time to sit out PMI
01[09:43] {&Threei}  meanwhile,
01[09:43] {&Threei}  I believe in a two-term limit for politicians. One term in office, one term in jail.
[09:43] {robbers} LOL.
[09:43] {Alexs} lol
01[09:44] {&Threei}  *(US) JULY CHICAGO PURCHASING MANAGER: 52.3 V 54.0E
01[09:45] {&Threei}  yikes
01[09:45] {&Threei}  look under the hood:
01[09:45] {&Threei}  - Prices Paid: 63.6 v 59.9 prior - New Orders:53.9 v 54.6 prior - Employment: 56.6 v 57.8 prior - Inventories: 37.7 v 41.4 prior - Supplier Deliveries: 51.0 v 46.9 prior - Production: 53.6 v 57.0 prior - Order Backlogs: 42.9 v 38.4 prior
01[09:46] {&Threei}  horrible pucture
01[09:46] {&Threei}  recovery my a$$
01[09:48] {&Threei} Long Setup:  MOS  .40 break hl
01[09:48] {&Threei}  If holds  .30
01[09:49] {&Threei}  1:1
[09:53] {ese} gm
[09:53] {nemo} everyone has an opinion
[09:53] {nemo} looks like we're already in Fed mode
01[09:54] {&Threei}  ese :)
01[09:55] {&Threei} Short Setup: MOS  .30 break hl
01[09:55] {&Threei}  If holds  .40
01[09:57] {&Threei}  1:1
[10:01] {nemo} mon 200sma and daily s2 in the low .20's likely bounce there unless market STBs
01[10:04] {&Threei}  (US) President Obama Aide indicates selection of new Fed Chair would be weeks away; no decision yet made
01[10:04] {&Threei}  stop the charades, Yellen is your gal - there is no one leftier
01[10:05] {&Threei}  lefter?
01[10:06] {&Threei} Long Setup:  IWM  .02 break
01[10:06] {&Threei}  If holds  .95
01[10:09] {&Threei}  Invalidated
[10:13] {ese} L sync .55
01[10:16] {&Threei} Long Setup:  CAT  .30 break hl
01[10:16] {&Threei}  If holds  .20
[10:20] {ese} opps thats symc...sorry
[10:22] {ese} I thought they put Carlos in jail in the seventies.....after he blew up everything there was to blow up.....not to mention the venerial disease he caught
[10:24] {nemo} well, mon isn't getting the bounce I thought it would, frickin' scalp
[10:24] {nemo} Frickin' Fed Day
01[10:26] {&Threei}  held by fingertips
01[10:26] {&Threei}  give us 1:1 now
01[10:27] {&Threei}  no news for SPY spike
[10:28] {nemo} inexorable assault on 170
01[10:28] {&Threei}  inexorable? I thought we banned all the words longer than 2 syllables till after the Labor day
01[10:28] {&Threei}  1:1
[10:28] {nemo} onward
01[10:29] {&Threei}  1:2
[10:29] {ese} out symc .35 -.20
01[10:33] {&Threei}  14:00EDT US FOMC Interest Rate Decision
01[10:33] {&Threei}  in case you forgot the time
01[10:37] {&Threei}  so far so good, 4 wins out of 4 calls
01[10:38] {&Threei}  let's move to profit preservation mode
01[10:39] {&Threei} Long Setup:  GDX  .80 break
01[10:39] {&Threei}  If holds  .75
06[10:45] * &Threei kicks GDX in the rear
01[10:53] {&Threei}  meh
[11:03] {robbers} Thanks for a good morning, Vad, see you this afternoon.
01[11:03] {&Threei}  take care robbers
01[11:20] {&Threei} Short Setup: WMT  .25 break
01[11:21] {&Threei}  If holds  .30
[11:29] {nemo} more weakness in the indexes
01[11:29] {&Threei}  much appreciated
[11:30] {nemo} frickin' rabbit sitting at my feet begging for raisins, sheesh
[11:30] {nemo} wmt vwap .16, likely bounce
[11:31] {ese} L symc .44
01[11:31] {&Threei}  GDX, should have continue with shorting on it... slides more
01[11:33] {&Threei}  Japan's industrial production drops at fastest pace since Fukushima
01[11:37] {&Threei} Long Setup:  C  .30 break
01[11:37] {&Threei}  If holds  .25
01[11:42] {&Threei}  aimless drifting
[11:52] {nemo} what's the news on V?
01[11:52] {&Threei}  Visa Inc. Judge said to have rejected Fed debit card swipe fees regulations in suit brought by retailer group over debit card rules - press
01[11:53] {&Threei}  ***Reminder: In June 2011, the Fed approved regulation 235.3(b), under which an issuer may not charge or receive any interchange transaction fee that exceeds the sum of 21 cents plus 5 basis points of the transactions value. The statute exempted any debit card issuer that, together with its affiliates, has assets of less than $10 billion. Later in 2011, a group of retailers filed a lawsuit against the Fed challenging new debit card fee rules.
01[11:53] {&Threei}  plus, decent earnings by MA
[11:53] {nemo} might get index bounce here
01[11:54] {&Threei}  (GR) Germany IFO's Carstensen: Greece needs another debt haircut- Believes the German government is mulling a plan to waive interest payments or extend maturities on existing debt.
01[11:55] {&Threei}  lose that .20 already, WMT
01[11:55] {&Threei}  good boy
[11:58] {ese} forgot to mention that i got stopped out even with my remaining position of acad .92 +/- .00
[11:58] {ese} from yesterday
[12:01] {nemo} mmmhhhh, this is unusual for a Fed day
[12:07] {ese} in what way nemo?
01[12:13] {&Threei}  WMT 1:1
01[12:28] {&Threei}  setting cover at 1:2 and stop at b/e, taking a break
01[12:28] {&Threei}  be back before FOMC
[12:34] {ese} ocz
[12:34] {ese} opps
[12:34] {ese} take over chatter
[12:35] {ese} was looking for info on the trade the news site....typed it into the wrong place
[12:41] {+cc_9} MA & V, crashity crash
[12:42] {nemo} this is amazing for a Fed day
[12:45] {nemo} db on FAS? spy at open
[12:45] {nemo} iwm just about to close gap
[12:50] {nemo} like fas .35 break?
[13:11] {RonS} really strange day...V $14 off low and no comment from cc...
[13:12] {nemo} that time of the month I guess
[13:12] {nemo} thanks for the setup Ron
[13:14] {+cc_9} V, monster comeback
[13:14] {RonS} lol
01[13:37] {&Threei}  back
01[13:37] {&Threei}  WMT gave 1:2
[13:40] {+cc_9} RIP Ackman, looks like this year will be his last
01[13:40] {&Threei}  lol
[13:41] {RonS} "Making money is always a lot of fun, making money when Bill Ackman is losing on the other side is like going to the circus" -Robert Chapman
[13:42] {ese} hmmmmmmmm possibly some money now with symc hmmmmmmmmm
01[13:42] {&Threei}  amazing how quickly he earned this horrid repitation after HLF fiasco
[13:42] {nemo} He became the tall tree
[13:42] {nemo} ripe for the woodsman's axe
[13:43] {nemo} the young buck, got violated
[13:54] {Will49} Weekly technical check-in. Good luck today guys
[13:54] {robbers} Thanks Will, appreciate it.
[13:55] {Will49} :)
[13:55] {nemo} oy vay...where are you?
[13:55] {Will49} on vacation
01[13:56] {&Threei}  hey qwill
[13:56] {nemo} that's more a condition than a location
[13:56] {nemo} where are you?
01[13:56] {&Threei}  missing good days
[13:56] {Will49} have daughter visiting from Taiwan
[13:56] {Will49} Yes, I see that Vad
[13:57] {Will49} Cheers
01[13:57] {&Threei}  see dcc
01[13:59] {&Threei}  FOMC time
01[14:00] {&Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): INFLATION POSES A RISK BELOW ITS OBJECTIVE- Vote: 11-1 (Fed's George lone dissenter)
01[14:01] {&Threei}  - To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. Taken together, these actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative.
[14:04] {+cc_9} VXX on a free fall
[14:04] {nemo} the Bernanke Put is still in place
01[14:05] {&Threei} Short Setup: GDX  .70 break
01[14:05] {&Threei}  If holds  .75
01[14:05] {&Threei}  1:1
01[14:06] {&Threei}  1:2
01[14:06] {&Threei}  like shooting fish in a barrel
[14:12] {robbers} Out in full, thanks for the fish sandwich.
01[14:13] {&Threei}  lol
01[14:14] {&Threei}  A rule requiring public companies to disclose how much their chief executives are paid compared to average workers will be issued “in the near future,” according to the chairwoman of the Securities and Exchange Commission (SEC).
01[14:14] {&Threei}  “I hope that it is completed in the next month or two,” Mary Jo White said at a Senate Banking Committee hearing on Tuesday.
[14:23] {+cc_9} SSO teenies on fed day, a thing of beauty
01[14:26] {&Threei} Long Setup:  GDX  .70 break
01[14:26] {&Threei}  If holds  .65
[14:27] {Alexs} .80?
01[14:27] {&Threei}  no
01[14:27] {&Threei}  aggressive for .75
01[14:27] {&Threei}  tight stop
01[14:27] {&Threei}  ugh
01[14:27] {&Threei}  wait'
01[14:27] {&Threei}  wrong symbol
01[14:27] {&Threei}  too many stocks
01[14:28] {&Threei} Long Setup:  C  .70 break
[14:28] {Alexs} c
[14:28] {Alexs} ok
01[14:28] {&Threei}  If holds  .65
01[14:29] {&Threei}  valid still
01[14:29] {&Threei}  with .63 stop
01[14:30] {&Threei}  breakout time me thinks
01[14:34] {&Threei}  1:1
01[14:35] {&Threei}  see, me can think
01[14:35] {&Threei}  who would have though
01[14:35] {&Threei}  by now after years of thoughtless trading that avility should have become rudimentary
01[14:38] {&Threei}  1:2
[14:39] {robbers} Another dead fish, PETA will be looking into this.
01[14:39] {&Threei}  as long as they use naked girls to send their message, I will tolerate their bs
[14:40] {RonS} lol
01[14:41] {&Threei}  http://www.youtube.com/watch?v=7B2f-Seq8co
[15:00] {nemo} gotta' think they ram this over 170, or else tease us then gap it up tomorrow
01[15:04] {&Threei}  Australian fisherman fights his way OUT of a shark
[15:04] {nemo} hahaha saw that
[15:05] {nemo} think his name was Jonah
01[15:05] {&Threei}  https://pbs.twimg.com/media/BQhjKcxCEAAquOX.jpg
[15:07] {ese} out symc .76 +.32
[15:07] {RonS} if it was ese size...good job
[15:11] {ese} not too big 1600 shs
01[15:14] {&Threei} Long Setup:  C  .45 break
01[15:14] {&Threei}  If holds  .40
01[15:16] {&Threei}  1:1
[15:20] {nemo} here's your index long setups
[15:23] {nemo} this is an interesting Fed day, usually it's a stall, but we had a range of movement, and now we're selling off
01[15:25] {&Threei} Long Setup:  GM  .70 break
01[15:25] {&Threei}  If holds  .65
[15:26] {nemo} where'd that come from?
[15:26] {+cc_9} MOS heading back near day lows
01[15:26] {&Threei}  GM?
01[15:26] {&Threei}  sharp selloff
[15:26] {nemo} MON also
01[15:26] {&Threei}  bounce time
[15:26] {nemo} what, the big "O" visiting?
[15:26] {+cc_9} will be intredasting to see what it does @ $41.00, yes I said it http://1-media-cdn.foolz.us/ffuuka/board/a/image/1350/62/1350622810013.jpg
[15:27] {nemo} selfie 9?
01[15:27] {&Threei}  ffuuka? lol
[15:27] {+cc_9} you avin' a giggle mate ?
01[15:28] {&Threei}  this might become my favorite word of the day
[15:28] {+cc_9} MOS $0.35 from more intredast
01[15:29] {&Threei}  1:1
[15:30] {+cc_9} its trying to hold .35, but the bids are taking a dirtnap
[15:30] {RonS} took gm .698 to .86 +.1620000 (ese style)  thanks 3i...
01[15:30] {&Threei}  :)
01[15:30] {&Threei}  ese size too?
[15:31] {RonS} nah, piker 1k
[15:31] {Alexs} trading gods like you today Vad :)
01[15:31] {&Threei}  they like me this whole week'
[15:32] {nemo} like u long time
01[15:32] {&Threei}  it's all in knowing their favorite sacrifice
01[15:32] {&Threei}  finest wines and cheeses, you know...
01[15:32] {&Threei}  chicken works too
[15:32] {nemo} mmmhhhhh...things have really picked up since Les left
[15:32] {RonS} lol
[15:33] {nemo} must be they don't like Australians
01[15:33] {&Threei}  in fact, I need to try salmon fins and heads
01[15:33] {&Threei}  if that works, then trading gods are a lot like crabs
[15:33] {+cc_9} MOS bid splat, nearing LOD
[15:34] {RonS} at least fins and heads are cheap...
01[15:34] {&Threei}  chicken backs and necks are too
01[15:34] {&Threei}  $2 a tray, enough to fill two traps
[15:34] {nemo} fish heads fish heads, roly poly fish heads, fish heads fish heads eat 'em up , yum!
[15:35] {RonS} must be a Yankee song...
[15:35] {nemo} Monty Python me thinks
[15:35] {nemo} either that, or I heard it on Dr. Demento when I was a kid
[15:35] {RonS} explains a lot...
[15:36] {RonS} :D
[15:36] {nemo} http://bit.ly/1ebM5v6
01[15:36] {&Threei}  1:2
[15:46] {nemo} big spy volume, trrying to bottom this thing
01[15:49] {&Threei}  ok guys, thank you all
01[15:49] {&Threei}  have a good evening, see you tomorrow
[15:49] {Alexs} thank you Vad, great day!
01[15:49] {&Threei}  :)

July 30 2013

Very good day with a few nice juicy wins, on hero of the day MOST (1:4 to 1:3 to 1:2), WMT and something else. Not bad for a low volume July day at all. Actually not bad for any day of any month.

Session Time: Tue Jul 30 00:00:00 2013

[09:21] {RonS} gm

01[09:22] {&Threei}  morning ron

01[09:23] {&Threei}  wow MOS

01[09:23] {&Threei}  POT

[09:24] {bbobr} gm

01[09:24] {&Threei}  bbobr :)

[09:24] {RonS} ya, really hard for me to understand how the Ukranian news will send potash prices down 25%

[09:25] {cipher} gm

01[09:25] {&Threei}  cipher :)

[09:25] {nemo} broke up the cartel

01[09:25] {&Threei}  russian, not ukrainian

[09:25] {nemo} there used to be unified pricing across producers, not anymore

[09:25] {nemo} Ukraninas wants market share, you get that by lowering prices

01[09:27] {&Threei}  Uralkali Stopping sales of potash via Belarus Potash Company (BPC) potash consortium, now all exports to go through its own subsidiary Uralkali Trading; Expected to cause potash prices to decline as market shifts from a semi-oligopoly to a fully competitive one- To deliver an optional quantity of 500,000 tons of potassium chloride within the framework of a 2013 contract. - Global potash price may decline to below $300/ton in H2 due to its decision to leave BPC (current price is about $400), but prices should remain above the $200 production costs of some international producers (Uralkali's production cost is only $62/ton) }- This will break up the existing JV (BPC) which controls 43% of the global export market - CEO: Plan to run at full capacity next year; Guides FY14 production to 13M tons v 10.5M tons in FY13 **INSIGHT: Uralkali is the world's largest potash producer. BPC was a potash consortium between Uralkali and Belaruskali, which leaves the North American potash consortium Canpotex (Potash Corp, Agrium, and Mosiac) as the leading global potash export partnership.

01[09:33] {&Threei} Long Setup:  MOS  .25 break hl

01[09:33] {&Threei}  If holds  .15 

01[09:34] {&Threei}  1:1

01[09:34] {&Threei}  1:2

01[09:34] {&Threei}  1:4, out

[09:34] {nemo} you wanna' go home Vad?

01[09:34] {&Threei}  always

01[09:37] {&Threei} Long Setup:  GDX  27 break

[09:37] {nemo} mos doesn't get to the 38.2 until 43.30 or so

01[09:37] {&Threei}  If holds  .95 

01[09:40] {&Threei}  meh

01[09:40] {&Threei}  wow... MOS hammering is brutal

01[09:45] {&Threei} Short Setup: C  .80 break

01[09:45] {&Threei}  If holds  .90 

01[09:50] {&Threei}  stop to .86

[09:50] {ese} gm

01[09:50] {&Threei}  ese :)

[09:51] {ese} was out on my bike vad and was almost up at your place on the lochside trail.............i shoulda kept on goin and stopped in for coffee

[09:51] {nemo} you lucked out Vad

01[09:51] {&Threei}  what time was that?

[09:52] {ese} about 45/50 mins ago now

01[09:52] {&Threei}  well, between coffee and a gunshot, guess what was more likely {G}

[09:53] {ese} gunshot?

01[09:53] {&Threei}  A+

01[09:54] {&Threei}  some call it grumpiness... I call that morning sunshine

[09:54] {+cc_9} DDD strong comeback from LOD $2

[09:54] {nemo} missed on eps, should be bought all the way back up

[10:00] {+cc_9} AGU the best play so far in the ag gap down this morning.

[10:00] {+cc_9} Not being as tied down to the potash as POT/MOS are helps in this case

01[10:00] {&Threei}  *(US) JULY CONSUMER CONFIDENCE INDEX: 80.3 V 81.3E

01[10:03] {&Threei}  first MOS trade was relativel;y easy read... after that, kind of mirky

01[10:04] {&Threei} Short Setup: GDX  27 break

01[10:05] {&Threei}  If holds  .05 

[10:08] {nemo} bp

01[10:13] {&Threei} Short Setup: CAT  83 break hl

01[10:13] {&Threei}  If holds  .10 

01[10:15] {&Threei}  Invalidated  

01[10:18] {&Threei} Long Setup:  MOS  41 break hl

01[10:18] {&Threei}  If holds  .90 

01[10:21] {&Threei}  1:1

[10:21] {nemo} ddd atpossible support

01[10:22] {&Threei}  1:2

01[10:22] {&Threei}  1:3

01[10:23] {&Threei}  out

[10:24] {RonS} got mos .96 to 41.26  thanks 3i

01[10:24] {&Threei}  :)

01[10:24] {&Threei}  MOS serves us well today... 1:4 and 1:3

[10:24] {RonS} took .96 after .00 break figuring a re-trace...

[10:25] {bbobr} very nice pick

01[10:26] {&Threei}  ty

[10:28] {ese} opps forgot to post this out spwr at the open .52 +.06

[10:29] {ese} and look at it now

[10:39] {+cc_9} DDD lovely

01[10:40] {&Threei} Long Setup:  WMT  .08 break

01[10:40] {&Threei}  If holds  78 

[10:51] {RonS} OMC short 63.60 break?

01[10:53] {&Threei}  .55 rather

01[10:53] {&Threei}  out WMT in full

[10:57] {RonS} gj wmt 3i, gj ese spwr

01[10:57] {&Threei}  :)

[10:58] {RonS} omc +.15 thanks 3i

[10:59] {RonS} so, is cc8 a one-off of cc9?

01[10:59] {&Threei}  :)

[11:21] {RonS} ...the world is saved:  NY appeals court upholds ruling striking down New York City's ban on large sugary drinks

01[11:22] {&Threei}  wooohooo

01[11:23] {&Threei}  if they ban wieners, world will be even happier

[11:25] {RonS} elect Hillary and watch it happen...

01[11:28] {&Threei}  I meant anothonies

01[11:28] {&Threei}  antonies

[11:32] {RonS} wow fb near 37

[11:33] {RonS} spwr 'nother new high...where is ese?...the bar 'cause he already sold?

[11:34] {ese}  i know .....this is one of them bite it situations that one learns from.....and does the same thing the next time

[11:35] {RonS} ...heard that's what Michael Douglas said...

[11:36] {ese} really?

[11:36] {ese} haven't seen those movies yet

[11:37] {RonS} oh boy...

[11:39] {RonS} Douglas blamed his throat cancer on cunnilingus ese...now re-read your post w/ that in mind...

[11:39] {RonS} :D

[11:41] {ese} gotcha

01[11:43] {&Threei} Short Setup: WMT  78 break

01[11:43] {&Threei}  If holds  .05 

[11:43] {nemo} Ron seems to have added an edge to his commentary of late

01[11:44] {&Threei}  yes but the real question is, who serves as insipration - nemo or ese? {G}

[11:45] {ese} hmmmmmmmm

01[11:49] {&Threei}  Invalidated  

[11:50] {ese} i'll have you know that i am not invalidated!!!!!!

01[11:51] {&Threei}  duly noted

[11:51] {RonS} ...and here I always thought that was a drumbeat...

[11:55] {RonS} what a deal!...Lockheed reaches deal with Pentagon to produce 71 more F-35s, reduces costs per plane by 4%

[11:56] {RonS} ...doesn't even cover the sales taxes...

[11:56] {ese} ?

[11:56] {ese} go figur

[12:04] {RonS} Hearing Kerry offering 1 yr ketchup supply to both sides w/ peace agreement...

01[12:05] {&Threei}  kosher?

[12:05] {RonS} lol

[12:06] {RonS} Kerry syas then if war breaks out everything will be so red that it will scare them to stop...

01[12:07] {&Threei}  I see the plausible solution is manufacturing and wide distribution of bluish-tinted sunglasses

[12:07] {RonS} a Hamas plot?

01[12:08] {&Threei}  marketing slogan: Wear This and Be Warring

[12:08] {RonS} lol

01[12:08] {&Threei}  @TheTweetOfGod

01[12:08] {&Threei}  If I could give one piece of advice to help you avoid the hardships and misery of this world, I wouldn't.

01[12:14] {&Threei}  LOL: They say chocolate improves your mood. It's a half-truth: you also need a bottle of champagne

01[12:16] {&Threei}  today's winner: In a stunning new discovery, on the top of a new oil field geologists also found some arab country

01[12:17] {&Threei}  close second: My wife is racist, I suspect... just look at this separation she does at the time of laundry

01[12:19] {&Threei}  frikin WMT

[12:19] {RonS} ...pass the joint...:  US Secretary of State Kerry: 'When someone says Israelis and Palestinians can't find common ground, don't believe them' 

01[12:20] {&Threei}  Israelis and Palestinians: who do you suggest no one believe us??

[12:38] {+cc_9} C new lows

[12:39] {nemo} fas coming into daily pivot at 73.84 with gap close at 73.62ish

[12:40] {nemo} iwm and spy similarly positioned in relation to gap close, with spy's gap close and daily pivot the proverbial pubic hair appart

[12:40] {nemo} probably gonna' bounce soon

01[12:47] {&Threei} Short Setup: MOS  .60 break hl

01[12:47] {&Threei}  If holds  .70 

01[12:48] {&Threei}  1:1

[12:48] {nemo} oops

01[12:50] {&Threei}  1:2

[13:05] {ese} L acad .92

[13:08] {nemo} wouldn't want to bet, but think we're gonna' get a little rug pull here on fb

[13:10] {nemo} interesting candle here, drops the low probably goes to .25

[13:14] {nemo} mhhh, either algo's are faking it or there's sell pressure on fb

[13:34] {ese} spyders...serious dive

01[13:52] {&Threei}  poor greens in victoreia... up to yesterday, their life was relastively simple: deer and cyclists were good guys, car owners - bad, and each and every run-in was easy to take side on. Guess what happened yesterday

[13:53] {RonS} don't pray and do tell...

01[13:53] {&Threei}  cyclist run into deer

01[13:53] {&Threei}  and giot hurt badly

01[13:54] {&Threei}  whose side to take??

[13:54] {nemo} deer

[13:54] {nemo} rather see dead environmentalist

[13:54] {RonS} vehicle? got gored...

[13:54] {nemo} fb coming itno bounce

01[13:56] {&Threei} Short Setup: WMT  .70 break

01[13:57] {&Threei}  If holds  .75 

01[13:58] {&Threei}  Invalidated  

[14:13] {ese} it's about time ...out 1/2 acad .11 +.19

[14:22] {nemo}  coh question whether long here, or it checks .90 first

[14:24] {ese} is that our cc?

01[14:24] {&Threei}  yeah

[14:26] {ese} too funny

[14:27] {nemo} tsla looks short but support around .20

01[14:30] {&Threei}  there you go

01[14:36] {&Threei} Long Setup:  MOS  .15 break hl

01[14:36] {&Threei}  If holds  .05 

[14:37] {nemo} mos me thinks two way

[14:51] {+cc_9} ALXN if anyone looking for beta

[14:51] {+cc_9} nice swings from initial pop, kinda like CF yesterday

[14:51] {nemo} got any gamma or sigma?

[14:55] {nemo} BP getting off the mat

01[14:56] {&Threei}  out MOS in full

01[14:56] {&Threei}  this is today's blessing

01[14:56] {&Threei}  made our whole day

01[14:57] {&Threei}  be back in 20 to see if there is something decent to polish the day off

[15:16] {nemo} fas bid, might be short

[15:16] {nemo} look .72

[15:18] {nemo} hey 9?  having any luck with your SSo trades today?

[15:25] {nemo} was it something I said?

[15:25] {nemo} 63.4 million spy shares today oy

01[15:31] {&Threei}  Facebook Reportedly planning to sell TV-like advertising on its site; pricing said to be around $1-2.5M per 15 second ad - financial press

01[15:32] {&Threei}  good luck

01[15:33] {&Threei} Long Setup:  WMT  78 break

01[15:33] {&Threei}  If holds  .95 

01[15:38] {&Threei}  Invalidated  

01[15:38] {&Threei}  ok guys, no need to press and spoil very good day

01[15:38] {&Threei}  have a great evening, see you tomorrow

[15:42] {+cc_9} ditto

July 29 2013

Very nice day despite the low volume and that tormentingly slow climb. A few nice 1:3 and 1:2 winners, with just two 5 cent stops at the end of the day. Nice to start the day with our traditional GDX short and get 1:3 from ot; C short wasn't too shabby either.


Session Time: Mon Jul 29 00:00:01 2013
[09:21] {RonS} hi everyone
[09:21] {nemo} surely you don't mean me
01[09:21] {&Threei}  morning ron
[09:24] {RonS} $CAT announced a $1 billion accelerated stock buyback this morning
[09:25] {nemo} yeah, they must know they're screwed
[09:25] {cipher} gm
01[09:25] {&Threei}  cipher :)
[09:26] {nemo} wow spy hasn't even done a millon shares pre market
[09:26] {nemo} "normal" is around 2.5 mil
[09:29] {ese} gm
01[09:29] {&Threei}  my favorite piece of news from the weekend:
[09:29] {ese} yawn
01[09:29] {&Threei}  (GR) Greece Parliament layoff its first employee after he failed to show up to work for 6-months - ekathimerini
01[09:29] {&Threei}  - Pay was suspended after he failed to show up for 4 months and was reported to the disciplinary council. Only after pay was suspended did he show up.
01[09:29] {&Threei}  - Note: He is the first worker in the House to be let go.
01[09:29] {&Threei}  ese :)
[09:30] {ese} that is funny
01[09:30] {&Threei} Short Setup: GDX  .60 break
01[09:32] {&Threei}  CAT lost almost all of the gap
[09:33] {bbobr} gm
01[09:33] {&Threei}  bbobr :)
01[09:34] {&Threei}  If holds  .67
01[09:36] {&Threei}  1:1
[09:36] {nemo} looks like spy to test 169
01[09:38] {&Threei} Short Setup: CAT  .60 break hl
01[09:39] {&Threei}  Invalidated
[09:40] {nemo} cat going for the gap
01[09:41] {&Threei}  covering 1/4 more
01[09:41] {&Threei}  .44
01[09:41] {&Threei}  stop to .56
01[09:45] {&Threei}  1:2
01[09:46] {&Threei}  stop to .51 for the last piece
[09:46] {nemo} cat closes gap around 83.48
01[09:46] {&Threei}  out in full
01[09:46] {&Threei}  .33
01[09:46] {&Threei}  not too bad for the start
01[09:47] {&Threei}  especially considering low volume and slim pickings
[09:47] {nemo} still got the sling in your drawer?
01[09:47] {&Threei} Short Setup: GLD  .40 break hl
[09:49] {nemo} cat gonna' close that gap
[09:53] {robbers} Thanks, GDX
01[09:54] {&Threei}  robbers :)
[09:57] {nemo} expe
01[09:57] {&Threei} Short Setup: C  .65 break
01[09:58] {&Threei}  If holds  .75
[09:58] {nemo} numbers coming
01[09:59] {&Threei}  June pending homes
[10:00] {nemo} bad number
[10:00] {nemo} ?
01[10:00] {&Threei}  *(US) JUN PENDING HOME SALES M/M: -0.4% V -1.0%E; Y/Y: 9.1% V 11.5%E
[10:00] {nemo} see if bad news is bought
01[10:00] {&Threei}  - Prior pending home sales revised lower to +5.8% from 6.7%
[10:01] {nemo} fb
[10:02] {robbers} Out C, thanks again.
01[10:02] {&Threei}  :)
01[10:03] {&Threei}  1:1
01[10:03] {&Threei} Long Setup:  GDX  .40 break
01[10:03] {&Threei}  If holds  .35
01[10:05] {&Threei}  1:1
[10:11] {nemo} fb looks short
01[10:15] {&Threei}  C 1:2
01[10:16] {&Threei}  good one FB
[10:20] {nemo} expe looks under 46, is it still on uptick?
01[10:20] {&Threei}  1:3 close enough, out
01[10:20] {&Threei}  2 1:3ers, 1 scalp... can I go home?
[10:21] {nemo} get the sling out yet?
01[10:22] {&Threei}  GAME...
01[10:23] {&Threei}  if pulls bacl under .70, will be interesting for double bottom
[10:30] {nemo} DVN
[10:30] {nemo} arguably long on a break of .70
[10:30] {nemo} stop would be under .60
01[10:31] {&Threei}  *(US) July Dallas Fed Manufacturing Activity: 4.4 v 7.3e
[10:33] {ese} bit of a brutal number
01[10:47] {&Threei}  AIG US judge reportedly rules that due to extraordinary circumstances former AIG Chairman Greenberg should be allowed to depose Fed Chairman Bernanke regarding the insurer's bailout
[10:49] {RonS} clambake?
[10:50] {nemo} FFIV looks short here below .40
[10:50] {nemo} got a gap fill below
01[10:51] {&Threei}  I don't mind at all watching their fistfight
[10:52] {nemo} Greenberg a tough bird
[10:52] {ese} l spwr .42
01[10:52] {&Threei}  I'd bet on Ben going down in first round
[10:52] {nemo} first punch
01[10:55] {&Threei}  wow... they are still discussing this:
01[10:55] {&Threei}  Bank of Cyprus (CY) Cyprus govt disagrees with the final Bank of Cyprus levy percentage of 47.5% - Greece press**NOTE: 07/29 Cyprus and international lenders finalize agreement to convert 47.5% of deposits over €100K to equity in the Bank of Cyprus in order to recapitalize the bank. The initial agreement was for a 37.5% conversion with an additional 22.5% held in a buffer account - press - On July 25th Bank of Cyprus Chairman: Deposit levy seen around 50% and no more than 60% on accounts over €100K
01[10:55] {&Threei}  I thought they already spent all that confiscated money
[11:00] {ese} i see a 1 min cup and handle forming with spwr if it gets back to .50.......vad can you give me some feedback on that
01[11:01] {&Threei}  looks tright to me
[11:01] {ese} tks
01[11:01] {&Threei}  just keep size reasonable, considering the spread
[11:05] {ese} definitely tks
01[11:05] {&Threei} Long Setup:  FB  35 brewak hl
01[11:05] {&Threei}  If holds  .90
[11:07] {ese} i like that term the "brewak"......gonna start uing that
[11:18] {nemo} IWM about to fill a gap
[11:22] {nemo} close to bounce time
[11:22] {nemo} fas break of .20 long, stop under .10
[11:22] {nemo} sso break of .40 stop under .30
[11:23] {nemo} btw, if this works, likely vwap runs
[11:25] {nemo} GS not bouncing though
[11:26] {nemo} Europe close in 5 minutes, how convenient
[11:26] {nemo} GS starting to bounce a tad
01[11:29] {&Threei} Short Setup: C  .30 break
[11:32] {RonS} Cost of heart surgery in India: $1,583. Cost in U.S.: $106,385 | http://bloom.bg/12vrMc5
[11:32] {nemo} that should be the bottom
[11:33] {RonS} Indian doctor Indian, US doctor Pakistani...
[11:33] {nemo} bbby likely long here
[11:45] {ese} You've just clued me into something i've never thought about nemo......the EU close happens between 11 and 12 ish....never thought about how that effexts he US markets but it does
06[11:50] * nemo faints
01[11:51] {&Threei} Long Setup:  C  .50 break
01[11:51] {&Threei}  If holds  .40
[11:54] {nemo} mnst very weak
[11:55] {nemo} mnst short under .50 stop above .60
[11:56] {nemo} little spready
[11:56] {nemo} offer coming down
[11:56] {nemo} 60.75 likely
[12:02] {ese} check out the 5 dollar retreat from OMC's gap up
01[12:02] {&Threei}  let's move stop to .44
01[12:18] {&Threei}  half out
01[12:18] {&Threei}  stop to .49
[12:51] {ese} L spwr avg .46
[12:58] {nemo} ctxs likely short to the .40's
[12:58] {nemo} if holds under high
[13:24] {nemo} tif likely short to 78.20
[13:27] {nemo} it just tested low, so if it holds this range and drops .60 reasonable bet
01[13:43] {&Threei} Short Setup: GDX  .40 break
01[13:43] {&Threei}  If holds  .45
01[13:45] {&Threei}  Invalidated
01[13:59] {&Threei}  does C have enough will to live to reach 1:2?
01[14:04] {&Threei}  here it is
01[14:05] {&Threei}  1/4 more out
01[14:05] {&Threei}  takes a lot of patience but hey... it's not like there is much to do anyway
01[14:05] {&Threei}  100% day so far, with nice juicy winners
01[14:11] {&Threei}  stop to .65
01[14:11] {&Threei}  .64
01[14:14] {&Threei}  out in full
01[14:15] {&Threei}  quite nice day
01[14:16] {&Threei}  if only someone would talk to me
[14:20] {nemo} what do I look like, a psychiatrist?
01[14:21] {&Threei}  actually, anyone I can have a drink with, works for me as such
[14:24] {nemo} indexes turning into a repeat of Friday
[14:44] {ese} man this is psychologically taxing
[14:44] {nemo} don't stick your chin out like that
01[14:44] {&Threei}  eschew the anxiety
01[14:44] {&Threei}  embrace the serenity
01[14:45] {&Threei}  White House confirms Jimmy Carter is going to North Korea on a private visit
01[14:45] {&Threei}  they can keep him as far as I am concerned
01[14:55] {&Threei}  too bad we backed off of FB break
[14:58] {nemo} iwm at bottom of channel, could pop here
01[14:59] {&Threei}  from under .40 I'd be interested
[15:04] {nemo} mnst
01[15:05] {&Threei} Long Setup:  IWM  .40 bre35
01[15:05] {&Threei}  ummm
01[15:06] {&Threei} Long Setup:  IWM  .35 break
01[15:06] {&Threei}  If holds  .30
[15:06] {nemo} make up your mind
[15:06] {nemo} cavernous stop
[15:11] {+cc_9} CF blowing up on Loeb!
[15:11] {nemo} thought it was awful quiet today
01[15:11] {&Threei}  lol
01[15:20] {&Threei} Short Setup: FB  .35 break
01[15:20] {&Threei}  If holds  .40
[15:21] {+cc_9} CF no letting go, still cranking
[15:21] {+cc_9} there will be a short trade on this thing before the close
01[15:24] {&Threei} Short Setup: FB  .45 break
[15:33] {+cc_9} CF, all eyes on 198 ahead of the close
01[15:43] {&Threei}  OK guys, very nice day
01[15:43] {&Threei}  have a great evening, see you tomorrow
[15:46] {+cc_9} ditto
[15:47] {bbobr} gn

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Choppy Corporate Earnings Hold Back Markets

Fri, 26 Jul 2013 16:03 PM EST

- Corporate earnings reports for the June quarter took center stage this week. In the US, equity indices saw choppy trading as investors reacted to a slew of earnings reports. There have been few stand-out positive reports outside of Apple and Facebook, both of which were much better than expected and have bolstered the Nasdaq. On both Tuesday and Wednesday, the S&P500 came within points of crossing above the 1,700 in inter-day trading, but the level appears to provide strong psychological resistance. In Europe, there were a few markedly better economic reports, while US data was pretty much on the back burner. June existing home sales dipped a little lower after two straight months of very strong growth. While the July Richmond Fed Manufacturing survey widely missed expectations, it contrasted sharply with the New York and Philadelphia Fed July manufacturing readings last week. For the week, the DJIA edged up 0.1%, the S&P500 was flat, and the Nasdaq gained 0.7%.

- A few rays of sunshine were seen in European economic data. Preliminary manufacturing PMI data for July showed real improvements: the German PMI data nosed above 50 for its first growth in four months, the euro zone PMI figure hit 50.1 for its first positive growth in two years, while the France reading nearly went positive and hit a 17-month high. In the UK, the advanced Q2 GDP reading expanded to 0.6% from the 0.3% final Q1 figure, for its best rate since early 2011. The Spanish unemployment rate declined for the first time in two years.

- After the back-and-forth on 2013 growth targets last week, Chinese Premier Li drew a line in the sand on GDP by saying the government won't tolerate anything below +7%. Unfortunately, data out this week added to the evidence that the Chinese slowdown is well under way: the July HSBC Flash Manufacturing PMI hit 47.7 for an 11-month low while the employment component hit a 52-month low and the new orders component touched an 11-month low. HSBC wrote that the continuous slowdown in manufacturing is being driven by weaker new orders and faster destocking, which reinforces the need to introduce measures to stabilize growth.

- Caterpillar came close to taking the prize for worst major earnings report of the week. The firm missed top- and bottom-line expectations and cut its FY13 guidance. The company blamed dealers tamping down on new orders in favor of drawing down inventories. Other manufacturing names reported pretty strong June numbers: Ford and Boeing did better than expected on solid y/y growth, while Lockheed and Raytheon looked very good despite ongoing sequester issues. General Motors' net income actually declined on a y/y basis, although the company has managed to staunch the bleeding in Europe.

- Among consumer-facing names, McDonalds rivaled Cat: the fast-food titan missed both top- and bottom-line consensus expectations, comps were unimpressive and the firm complained about "flat to declining informal eating-out markets." Starbucks offered a strong contrast, beating estimates and delivering solid comps. Colgate saw decent revenue increases, however the strong dollar shaved these gains down, forcing the firm to cut its FY13 outlook.

- Apple's report confounded the critics. After weeks of negative press coverage predicting a terrible quarter, the firm topped EPS estimates and delivering much better than expected iPhone shipments. CEO Cook confirmed the widely discussed line of cheaper iPhones for emerging markets are in the pipeline and promised a "busy fall" of product roll-outs. Apple rival Samsung reported net profits below expectations, disclosing it lost some market share to Asian competitors in the smartphone market. Netflix saw solid y/y gains in net income and revenue, but the net streaming additions disappointed many investors after a strong showing in the prior quarter. AT&T saw largely in-line results and its overall net wireless subscriber additions were half the amount seen a year ago.

- Facebook had its best trading session ever on Thursday, rising 25% to $34 following Q2 results. The firm doubled mobile revenue and generated greater than 20% growth in monthly and daily active users in the quarter. Amazon reported a small loss in Q2 and missed both earnings and revenue expectations, and warned it would likely lose money in Q3 as well. Despite the results, Amazon shares rose on Friday, with several analysts raising their price targets, forcing some short covering and driving shares to fresh all-time highs.

- Market participants are looking forward to policy statements from the Fed and the ECB next week. Late in the week, the WSJ's Jon Hilsenrath wrote that the Fed would most likely maintain its $85B/month asset purchase program on track at the meeting on July 30-31st but could revise its forward guidance or policy thresholds. Among the new policy options, Hilsenrath suggested the Fed may match its 2.5% upper bound for inflation with a new lower bound, such as 1.5%. At last month's ECB press conference, ECB President Draghi took the "unprecedented step" of offering forward guidance, saying the ECB expects all rates to stay as they are or lower for an "extended period" of time. Note that in a report this week the IMF wrote that the ECB may need to cut interest rates again to support growth and should consider launching another LTRO for the financial system.

- The euro strengthened steadily this week against the greenback, as EUR/USD closed out Friday at its best levels since mid-June, rising from 1.3130 to 1.3290. The Portuguese political crisis faded from the headlines after President Anbal Cavaco Silva accepted a cabinet reshuffle despite the inability of squabbling parties to agree to his proposed 'national salvation' pact. Meanwhile, Greece met all of the Troika's conditions and received approval for its latest aid payments, although Athens still needs to reckon with a €3.8B funding gap in its 2014 finances. The better European PMI data helped the euro end the week on a strong note.

- USD/JPY hovered around parity for six straight sessions before breaking lower on Friday in the wake of the July Toyko CPI data. Core CPI increased 0.3% y/y, for a two-year high, taking some pressure off of the government and the BoJ to launch additional monetary stimulus. Politicians in Tokyo pointed to the data as evidence that Abenomics is working, while analysts suggested higher energy costs and not Abe's policies were responsible for the CPI rise. Last weekend, Japan's ruling coalition was victorious in the upper house elections, giving the LDP and its coalition partner Komeito a 130 seat majority in the 242-seat Senate, and solidifying Abe's political power base.




TradeTheNews

July 26 2013

About flat day, and as boring as it gets, what with summer Friday and slow climb.

Session Time: Fri Jul 26 00:00:01 2013

[08:48] {nemo} Mmmmhhhhh....ya' know...considering the history of my commentary within the walls of this blog...I think any hopes of running for national public office are off the table.

01[09:11] {&Threei}  that's OK, we will write it off as histrionics

[09:12] {nemo} Yeah, I'm no Wiener

[09:15] {dino} gm

01[09:16] {&Threei}  dino :)

[09:22] {RonS} greetings & salutations earthlings

[09:22] {nemo} nanu

01[09:22] {&Threei}  lol ron

[09:23] {nemo} not sure that boy's elevator reaches the top floor

[09:23] {RonS} so, 3 young hawks vs. 3 young squirrels on fence...who is chased off?

[09:23] {bbobr} gm

[09:23] {nemo} hawks

01[09:24] {&Threei}  bbobr :)

[09:24] {nemo} that won't last long though

[09:24] {RonS} yep, it was an unreal scene

[09:26] {RonS} one hawk tried to attack a squirrel and the little sucker just ducked behind a post...didn't even act scared

[09:27] {Alexs} gm

[09:27] {ese} gm

01[09:27] {&Threei}  alex, ese :)

[09:28] {ese} vad alex ron nemo

[09:28] {ese} bb

[09:28] {Alexs} ese :)

01[09:32] {&Threei} Short Setup: C  .30 hl break

01[09:32] {&Threei}  If holds  .40 

01[09:33] {&Threei}  change to .35

01[09:33] {&Threei}  If holds  .45 

[09:35] {Alexs} valid?

01[09:36] {&Threei}  yes

01[09:37] {&Threei}  looks promising to me

01[09:37] {&Threei}  nice double top

[09:39] {nemo} I think sometime today expe gonna' defecate the bed linens

[09:41] {dino} n sm l .50 wide sucker

[09:42] {dino} expe gap around 45

01[09:42] {&Threei}  stop to .41

01[09:42] {&Threei}  1:1

[09:45] {nemo} Holy Shit, support for expe is under 46

01[09:48] {&Threei}  Ex-IMF chief Dominique Strauss-Kahn to be tried on pimping charges in French court

01[09:49] {&Threei}  he was pimping right in the court?

[09:49] {dino} out n .95, +1.45

[09:49] {Alexs} lol

[09:49] {ese} wow expedia....dn 17 bucks

[09:49] {dino} no takers on n i see

01[09:50] {&Threei}  hybernation dino

01[09:50] {&Threei}  1:2

01[09:50] {&Threei}  Hacker Barnaby Jack, who planned to show methods for hacking pacemakers died in San Francisco Thursday, medical examiner says

01[09:50] {&Threei}  hacked wrong one?

[09:51] {ese} Q wasn't good but not that bad......is there guidance somewhere that i didn't see

01[09:54] {&Threei}  (US) Preview: July Final University of Michigan Confidence expected at 09:55 ET (13:55 GMT)- Consensus expectations: 84.0e v 83.9 prelim reading

01[09:55] {&Threei}  *(US) JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 85.1 V 84.0E

[09:58] {dino} mth spike

01[10:03] {&Threei} Short Setup: GDX  .20 break

01[10:04] {&Threei}  Invalidated  

01[10:07] {&Threei} Long Setup:  CAT  .85 break hl

01[10:08] {&Threei}  If holds  .75 

01[10:12] {&Threei}  meh

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

[10:17] {nemo} expe .00 bid

01[10:19] {&Threei}  If holds  .16 

[10:24] {nemo} esrx seller

[10:24] {dino} leftovers, dhi from yesterday, stop to .75

[10:25] {dino} mth yelling "short me"

[10:26] {dino} out dhi m+.25

[10:26] {dino} damn, missed mth

01[10:29] {&Threei} Long Setup:  MCD  .25 break

[10:29] {RonS} sndk blood

01[10:29] {&Threei}  If holds  .20 

[10:30] {dino} n drop

01[10:31] {&Threei}  (US) IMF: Unclear whether the Fed's easy money message could undermine the economy

01[10:31] {&Threei}  huh?

01[10:33] {&Threei}  1:1

01[10:40] {&Threei}  US tells Russia it would not seek the death penalty for NSA leaker Edward Snowden, Justice Department says

[10:41] {nemo} no, but the plane carrying him back would crash over the Atlantic

[10:41] {RonS} ...but will release him on the south side of Chicago...

[10:42] {nemo} or Detroit

[10:42] {nemo} Baltimore

[10:42] {nemo} worse....Dallas

[10:42] {dino} lol

[10:42] {RonS} not my taste but Dallas is nice downtown and elsewhere

[10:43] {RonS} too dang humid...

[10:43] {nemo} I prefer Ft. Worth

[10:44] {RonS} omg

[10:44] {nemo} what?

[10:44] {RonS} cow town that still is...

[10:44] {nemo} I prefer it over Dallas plasticity

[10:45] {RonS} well ok, it is the real Texas...always felt Dallas was creepy

[10:45] {RonS} some of the best high strip clubs tho...

[10:45] {RonS} ...speaking of plastic...

[10:45] {nemo} I hate fake

[10:46] {bbobr} he would be better off to marry Russian spy  Anya Chapman 

01[10:47] {&Threei}  she needs him like fish needs umbrella

[10:47] {RonS} truth stranger than fiction:  General Motors outsold Toyota for first time in six quarters to climb atop auto industry

[10:49] {bbobr} she is in show business now.....

01[10:49] {&Threei}  Victoria crime rate dips 7 per cent

01[10:49] {&Threei}  whew... I can finally venture outside

01[10:50] {&Threei}  BREAKING: 5.0 earthquake off Port Hardy about 90 minutes ago

[10:50] {Alexs} do they count trading as a crime in Victoria?

01[10:50] {&Threei}  nope... back inside, still dangerous out there

01[10:50] {&Threei}  lol

01[10:51] {&Threei}  not trading, but where ese lives, starting lawnmover at 7am can certainly earn you police visit

[10:51] {Alexs} lol

01[10:51] {&Threei}  "He pushes the start button! All units converge!"

01[10:52] {&Threei}  frikin C

[10:54] {ese} he speaks the truth

[10:57] {ese} they don't like it much when i practise drums that early either

[10:58] {ese} talk about cramping creativity

01[10:58] {&Threei}  so, to mask drum sound, ese starts his lawnmover first... which led to that deadly combination of sins that in turn led to me having to come and bail him out...

[10:59] {ese} lol

[11:00] {ese} it's one of the perks you get when you join the board.........i understand vad flew to Boston to put up bail for nemo as well.......

[11:01] {ese} I think dino just trades out of prison from the Philly Balitimore area so nothing can be done there

01[11:02] {&Threei}  actually nemo refused bail, said food was good there

[11:02] {nemo} warm cot, all the sex you want

01[11:03] {&Threei}  lol

[11:03] {ese} ouuuuuuuuuuuuuuuu

[11:03] {RonS} no kidding...

[11:03] {nemo} I was the rooster

01[11:03] {&Threei} Long Setup:  TZA  .70 break

01[11:03] {&Threei}  If holds  .65 

[11:08] {dino} n sm l .52

01[11:09] {&Threei}  change to .65 break

01[11:09] {&Threei}  If holds  .60 

[11:14] {dino} n stop -.35

01[11:15] {&Threei}  half out .73

[11:17] {dino} back in hour

[11:18] {nemo} acn

01[11:27] {&Threei}  (US) White House Spokesperson: No announcement regarding the next Fed chairperson is imminent, announcement will not likely arrive until later in the fall - press- Not made an decision on candidates either.

[11:27] {nemo} anybody like lyb for a short

[11:29] {ese} let me check

[11:29] {ese} no

[11:29] {nemo} acn?

[11:30] {Alexs} you still in TZA Vad?

01[11:30] {&Threei}  nah

[11:31] {ese} i like acn better nemo

[11:31] {nemo} just left the station

01[11:31] {&Threei}  taking a break for an hour

01[11:32] {&Threei}  want to skip this stall that produces stops more than anything

[11:32] {ese} ya

[12:02] {dino} .

[12:19] {dino} usu

[12:21] {dino} damn can't borrow

[12:22] {dino} lol, good thing i couldn't

[12:23] {dino} 22 was original short thought

[12:24] {nemo}  sndk looks short here liekly to test .00

[12:25] {dino} would've worked nicely

[12:27] {dino} talking to myself

[12:28] {dino} ugh 3 buck drop

[12:45] {nemo} sndk probably a short below .30

[12:47] {nemo} if market comes in this should go below 57

[12:48] {dino} act spike

01[12:49] {&Threei}  welcome to my world

01[12:49] {&Threei}  ummm... wrong window

[12:58] {nemo} sndk another entry below .20

01[13:10] {&Threei} Long Setup:  TZA  .32 break

01[13:11] {&Threei}  If holds  .28 

[13:14] {nemo} this market moving slower than a tick in molasses

01[13:15] {&Threei}  one legged-snail

[13:15] {nemo} right

[13:18] {dino} yeah

[13:24] {nemo} looks like they want to print a hammer on the day

01[13:24] {&Threei}  meh

[13:25] {nemo} if spy gets past daily pivot, they'll likely close the gap

[13:27] {nemo} there's the daily pivot

[13:31] {ese} ahhhhhhh....am done mowing the lawn.......can start drinkin

[13:32] {dino} c'mon, i want 2 more trades before vacation starts

[13:33] {ese} out yndx .28from yesterday in at .98 + 1.30

[13:33] {dino} nice

[13:34] {ese} ya....it seems it's the only way i can make some money this summer is to swing trade a few

[13:34] {ese} opps ....just sore on vads board

[13:34] {ese} sworw

[13:34] {ese} swore

[13:36] {ese} not enough volume to power the stocks i normally try and scalp or day trade

[13:41] {ese} where ya goin on holiday dino

[13:41] {dino} carnival cruise, baltimore to bahamas, 7 night, 7/28-8/4

[13:42] {ese} and...........am still long 1/2 lot in emc..........that should pay off in a day or two

[13:42] {nemo} We should be reading about you then

[13:42] {ese} nice......is it one where you can hit golf balls off the deck

[13:42] {nemo} dino

[13:43] {dino} i hope so

[13:44] {dino} thinking costanzza, pulling a top flite out of whale blow hole

[13:44] {ese} lol

[13:56] {RonS} Politburo never had it so good:  Leaders of tax-code rewrite in Congress pledge to keep lawmaker suggestions secret for 50 years | http://bloom.bg/1c8ypmh

[13:56] {nemo} yeah, saw that

[13:57] {nemo} democracy leads to tyranny

01[13:57] {&Threei}  because all good deeds have to be anonymous, you know

[14:02] {dino} partial out silc from yesterday +.51

[14:05] {nemo} looks like breakouts setting up

[14:08] {dino} ypf drop

[14:09] {dino} out remaining silc .72, +.72

[14:10] {nemo} here comes the gap close

[14:17] {dino} dlr drop

[14:19] {dino} odd

[14:27] {nemo} frickin' guineas: [2:16:45 PM] mike blicker: http://newsfeed.time.com/2013/07/25/baby-zonkey-born-in-italy/

01[14:28] {&Threei}  frikin TZA

[14:28] {nemo} yeah, that damn spike in the indexes

[14:28] {dino} dlr sm l .75 pulp 

01[14:48] {&Threei}  Will says hello, still vacationing

[14:48] {nemo} sucks being him

[14:54] {Alexs} have to go, have a great weekend all

01[14:54] {&Threei}  take care alex, have a good weekend

[14:58] {dino} wow dlr

[14:59] {dino} sm l .00

[15:00] {dino} gaps filled on it

[15:05] {ese} Have a great weekend all cya monday

01[15:05] {&Threei}  you too ese

[15:06] {ese} take care vad

[15:13] {nemo} your favorite kinda' day Vad

01[15:13] {&Threei}  sigh

[15:13] {nemo} Would you like 60 grit toilet paper?

01[15:21] {&Threei} Short Setup: C  .20 break

01[15:21] {&Threei}  If holds  .25 

[15:22] {dino} nemo, dlr get to vwap?

[15:22] {nemo} I don't know, it'll be all short covering from here

[15:22] {nemo} not technical imo

[15:23] {dino} in from 57.00

[15:23] {nemo} might want to take a tad off

[15:24] {nemo} got that resistance in the 59 area, might be supply there

[15:24] {dino} .55 wall it seems

[15:24] {nemo} https://vine.co/v/hmpvn259tjt

[15:26] {dino} tightening, but which way break?

[15:26] {nemo} I'm leaning higher

[15:27] {nemo} well, if the market's gonna come in, it'll be here

[15:31] {nemo} old resistance new support now dino

[15:32] {dino} was too slow on my sell, had .04 in, had to change it

01[15:32] {&Threei}  whole July with no single rain

01[15:35] {&Threei}  White House: Obama administration sends 2 Guantanamo detainees to Algeria

01[15:37] {&Threei}  stop to .21

[15:39] {nemo} grindgrindgrindgrind

[15:39] {dino} wheres my squeeze?

[15:40] {nemo} guess not that many shorts left in it

01[15:40] {&Threei}  hmmm... are we sipposed to know that?? :)

[15:40] {nemo} She's goin' with him on vacation

[15:40] {dino} lol

[15:43] {dino} stop to .75

[15:43] {nemo} here's your squeeze dino

[15:44] {dino} out .83, +1.83

[15:44] {nemo} boo hiss

[15:45] {dino} trailed it too tightly, was at .89 slipped

[15:45] {dino} not a bad way to end the day tho

[15:45] {nemo} nope

[15:46] {dino} thx for your tape reading skills nemo, i was going to bail at .45

[15:46] {nemo} your welcome, what did I say?

01[15:46] {&Threei}  wtg dino

[15:46] {dino} take care all, see you the 5th of august

01[15:46] {&Threei}  have fun

[15:47] {dino} planning on it

01[15:47] {&Threei}  ok guys, have a great weekend

01[15:47] {&Threei}  see you on Monday

July 25 2013

Open Break is not a very frequent setup for us, and is usually on a more risky side, but can be very effective

Another trade followed fairly soon:

With cool FB long and finishing touch on C (almost 1:3), very good day.

Session Time: Thu Jul 25 00:00:00 2013
[09:15] {RonS} hi everyone
01[09:15] {&Threei}  morning Ron
[09:15] {dino} gm
01[09:16] {&Threei}  dino :)
01[09:16] {&Threei}  let's take poll, at which min of trading day cc9 will start shorting FB
[09:16] {nemo} pre-market
01[09:16] {&Threei}  lol
01[09:16] {&Threei}  +31%
[09:16] {nemo} look bidu
01[09:17] {&Threei}  merely 17%... yawn
[09:19] {cipher} gm
[09:19] {nemo} funny comment:  I hope Panera shits the bread!
01[09:19] {&Threei}  cipher :)
[09:20] {nemo} mmmhhh....ok...fine...where's that C4?
[09:20] {bbobr} gm
01[09:20] {&Threei}  bbobr :)
[09:26] {Alexs} gm
01[09:27] {&Threei}  alex :)
01[09:30] {&Threei} Long Setup:  GDX  .80 break
01[09:30] {&Threei}  If holds  .75
[09:34] {dino} wdc hl l .35
[09:34] {ese} gm
01[09:34] {&Threei}  ese :)
01[09:35] {&Threei} Short Setup: C  .80 break
01[09:35] {&Threei}  If holds  .90
01[09:35] {&Threei}  1:1
[09:36] {dino} out wdc .98, +.63
01[09:36] {&Threei}  wtg
01[09:36] {&Threei}  ese, have you heard? Facebook membership is mandatory starting Aug 1
01[09:36] {&Threei}  1:2
01[09:36] {&Threei}  1:3
01[09:37] {&Threei}  out in full ..45
01[09:37] {&Threei}  +.34
[09:39] {dino} icxlr a bit wide
[09:39] {dino} iclr
[09:40] {ese} lol
[09:40] {ese} i will cut my throat first
01[09:42] {&Threei}  well, why else do you think the stock gaps up 40% :)
[09:43] {ese} that sure is interesting
01[09:45] {&Threei}  30%, sorry
01[09:49] {&Threei} Long Setup:  FB  .50 break sm sh
01[09:49] {&Threei}  If holds  .30
[09:49] {dino} dhi sm l .75
01[09:50] {&Threei}  change trigger to .45 break
[09:53] {Alexs} sm sh = 300?
01[09:55] {&Threei}  depends on one's risk tolerance but overall, yeah, about that
[09:55] {Alexs} k
[09:55] {nemo} ese does 20X that for a small lot
01[09:55] {&Threei}  on miserable days
[09:55] {ese} L yndx .00
[09:55] {nemo} yeah...
01[09:55] {&Threei}  before breakfast
[09:56] {Alexs} :)
[09:56] {nemo} ese "Tudor Jones"
01[09:56] {&Threei}  .45 shapes up as perfect resistanse to break
01[09:56] {&Threei}  Invalidated
01[09:56] {&Threei}  for now
[09:56] {nemo} you spelled it wrong
01[09:58] {&Threei}  I spelled something?
01[09:58] {&Threei}  usually I spell nothing
[09:59] {nemo} eqzaktly
01[09:59] {&Threei}  I hit random buttons
01[09:59] {&Threei}  that they combine in words amazes me
[09:59] {nemo} fb traded 138 mil shares so far...wtf
01[10:00] {&Threei} Short Setup: GDX  .45 break
01[10:01] {&Threei}  If holds  .50
[10:02] {nemo} LVS likely going to 53
01[10:03] {&Threei}  FB is on again
[10:04] {nemo} yeah LVS gonna' be a short, whether when it drops .60 or goes back to the 54 area first
01[10:06] {&Threei}  ok FB
01[10:06] {&Threei}  squeeze
01[10:06] {&Threei}  target 1:3
01[10:08] {&Threei}  meh
[10:15] {ese} vad ...if you've got a sec take a look at yndx for me......let me know what you think does it have the strength to break .00
[10:15] {ese} ascending triangle...higher lows
01[10:16] {&Threei}  hate the spread...
[10:16] {ese} ya
01[10:16] {&Threei}  and this slow pace of prints
01[10:16] {&Threei}  chart is right, but this trading by appointment can be very treacherous
[10:17] {ese} tks ......
[10:19] {ese} am sm on it....3/4 lot
[10:20] {ese} if it breaks through .00 i might add some more
[10:28] {dino} silc l .47
[10:32] {nemo} forgot LVS anyway
[10:32] {nemo} look
[10:33] {nemo} setting up likely to go to 53ish today
[10:38] {ese} L yndx avg .97
[10:39] {nemo} TDC vad, looks short
[10:40] {nemo} this high was the 200 sma
01[10:43] {&Threei}  spread...
[10:43] {nemo} details
01[10:44] {&Threei} Short Setup: GDX  .20 break
01[10:44] {&Threei}  If holds  .25
01[10:56] {&Threei} Short Setup: QCOM  .90 break
01[10:56] {&Threei}  If holds  .95
01[10:56] {&Threei}  1:1
01[10:57] {&Threei}  1:2
01[11:00] {&Threei}  1:3, over and out
01[11:04] {&Threei}  1:5... sheesh
01[11:05] {&Threei}  TDC worked nicely
01[11:06] {&Threei}  am I the only one awake?
01[11:06] {&Threei}  'cause I'd better go back to sleep if so
[11:06] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:20] {ese} vad......does the fact that yndx is a Russian company bode well for it in terms of not following the american mrkt......it certainly isn't folllowing it now....is that normal for over seas companies
01[11:21] {&Threei}  I don't think there is any pattern in this
01[11:21] {&Threei}  if people want to buy stocks, they buy them
01[11:21] {&Threei}  lack of desire to buy it can be caused by zillion reasons,
01[11:22] {&Threei}  but being a foreign stock by itself is not a factor
01[11:22] {&Threei}  it becomes a factor if market doesn't think that particular country has good perspectives,
[11:23] {ese} ok
01[11:23] {&Threei}  but it's no different than attitude toward particular sector or industry
[11:24] {ese} tks....was just a thought
[11:28] {ese} slow death with the spyders
06[11:54] * dino slaps ese around a bit with a large trout
06[11:55] * nemo slaps ese around with a large Zildjian crash
[11:57] {ese} you guys are slow on the uptake.......posted those comments 20 min ago....sheesh
[11:57] {nemo} no...i was just bored
[11:57] {dino} was away for awhile
01[11:57] {&Threei}  it's not so much about reaction speed as it is about intervals between wakeup periods
[11:57] {ese} lol..... Count me in there
....

[11:59] {RonS} sheesh...just when I think a new low not possible...
[12:00] {nemo} oh please...your memory has faded
[12:00] {ese} Are you talking about the market or the way they're treating me?
[12:00] {RonS} nemo
[12:01] {RonS} his comments...
[12:01] {ese} Yeah no kidding eh
[12:01] {nemo} I'm a frickin' pillar of the community
[12:01] {nemo} or is that pillager?
[12:02] {nemo} didn't know I was French, did ya'?
01[12:03] {&Threei}  no, we thought we got to the bottom of your shortcomings
01[12:03] {&Threei}  but you continue surprizing {G}
[12:04] {nemo} hey!  I'm sensitive about my height...or lack thereof!
01[12:04] {&Threei}  really? great, found the spot to hit
[12:04] {nemo} yeah, right...like I give a rat's ass
[12:07] {nemo} might as well clean one of my rifles
[12:08] {RonS} usg getting gyped...
[12:08] {nemo} wow, that was sophisticated
[12:10] {ese} lol
[12:11] {RonS} bet ese didn't get it...:)
[12:11] {dino} ron ty usg, took .20 out of it
[12:11] {RonS} np
[12:12] {nemo} true, now let's say Ludwig drums were traded publicly and they were getting killed today, and you said something like, "Wow, Ludwig is really getting skinned!"  Ese would get it
[12:12] {nemo} Wow, are we bored...
[12:13] {dino} or tol is getting hammered
[12:13] {nemo} nah, for ese, that might be a stretch
[12:13] {dino} lol
[12:13] {dino} how about ung stinks
[12:14] {nemo} having said that, did you know the smell is added artificially?
[12:14] {dino} yes
[12:14] {dino} but mine is natural
[12:14] {nemo} we'll go with it though
[12:14] {nemo} well, yours is methane
[12:15] {nemo} BIDU looking short here
[12:16] {RonS} lol, "yours is methane"...
[12:17] {nemo} They'll probably use the contents of this blog over the years as evidence in my involuntary commitment hearing
[12:21] {RonS} gyp means to cheat which came about as an association to gypsie who's history is one rife w/ liars, cheats, con artists and thieves...
[12:21] {nemo} wow, this run came out of nowhere
[12:21] {nemo} Romany
[12:32] {ese} EHHHH!!!!!!!!!!! I represent those remarks eh!
[12:33] {nemo} yes, quite well
01[12:36] {&Threei} Long Setup:  FB  .50 break sm sh
01[12:36] {&Threei}  If holds  .35
01[12:36] {&Threei}  I really want to participate in the squeeze that just has to come
01[12:45] {&Threei}  1:1
[12:47] {+cc_9} Late start, good afternoon everyone
01[12:47] {&Threei}  hey 9
01[13:01] {&Threei}  (US) Former dissident ECB member Stark believes ECB will likely have to activate bond program - Handelsblatt interview- Stark expects France to apply significant pressure on ECB to purchase French govt bonds, even if the country does not apply for a bailout. - Stark says a durable conclusion to the Euro Zone debt crisis is still not in sight. **NOTE: Stark resigned in 2011 over his disagreement with the ECB's original bond purchase program
01[13:06] {&Threei}  come on FB
01[13:07] {&Threei}  the day is nicely profitable as it is but I want this squeeze... they are highly satisfactory
01[13:17] {&Threei}  1:2
01[13:18] {&Threei}  good boy
01[13:24] {&Threei}  out last piece on a trail
01[13:30] {&Threei}  I'll be back in an hour or so for the close
[14:00] {RonS} Z squeeze
[14:03] {RonS} gluu unstuck
[14:17] {RonS} dino, hog...
[14:24] {dino} pig
[14:24] {dino} :)
[14:27] {dino} icpt drop
01[14:41] {&Threei} Long Setup:  C  .30 break
01[14:41] {&Threei}  If holds  .25
[14:46] {Alexs} still valid?
01[14:48] {&Threei}  yes
[14:48] {ese} saaaaaaaazzzzzzzzzzzzzzzzzzzzzzz gork.....smif.......gargle......gajip.......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ahem..........zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:48] {dino} tough to stay awakre
[14:48] {dino} awake too
[14:52] {nemo} IWM strength...bull market
01[14:52] {&Threei}  President Obama speaks about the economy after touring the Port of Jacksonville
01[14:53] {&Threei}  yeah, we go it - stop with phony scandals and create more phony money to create phony jobs
[15:06] {nemo} if you like trading bidu, look for short between 126-126.40ish
[15:07] {nemo} well, looks like it was
01[15:08] {&Threei}  half out .38
01[15:11] {&Threei}  stop .29
01[15:21] {&Threei}  1/4 more out
01[15:21] {&Threei}  .46
01[15:21] {&Threei}  stop to .34
[15:21] {nemo} wow facebook keeps going
01[15:21] {&Threei}  told you, squeeze material
[15:22] {nemo} it came back to vwap, and then took off
01[15:22] {&Threei}  no one ever believes such huge gaps can hold
01[15:23] {&Threei}  so every church mouth and its brother short it
01[15:23] {&Threei}  mouse
01[15:23] {&Threei}  so it lures them in by pullback, then shoots up
01[15:24] {&Threei}  (US) WSJ's Hilsenrath: Fed likely to keep $85B/month asset purchase program on track at the next FOMC meeting on July 30-31st; May look to revise "forward guidance", or Fed intentions over the next few years - financial press- According to Hilsenrath, some of the Fed officials suggested it would be too soon to raise short-terrm rates even after joblessness drops below 6.5%. - Among the new policy options, Fed may match its upper bound for inflation with a new lower bound. Article suggests the Fed could consider setting lower bound for inflation, such as 1.5%, and say that short term rates won't rise if inflation falls below that threshold.
01[15:26] {&Threei}  Euro vs US Dollar Rises to session highs above $1.3270; Highest levels since June 19th
01[15:26] {&Threei}  how exciting
01[15:26] {&Threei}  june 19, just think
[15:26] {Alexs} lol
[15:27] {dino} out silc .23 +.75
01[15:31] {&Threei}  out in full .56
01[15:31] {&Threei}  don't know about you lot but I am happy with today's trading
[15:31] {Alexs} nice day Vad Thank you
01[15:31] {&Threei}  yw Alex, glad to see another happy soul
[15:32] {Alexs} :)
[15:33] {dino}  slow but profittable
01[15:33] {&Threei}  slow yes, but a bit faster than most days over last week or two
01[15:33] {&Threei}  trades developed faster
01[15:33] {&Threei}  didn't have to babysit them for hours
[15:36] {nemo} frickin' raining cats and dogs....oh...squirrels too...here
01[15:36] {&Threei}  no deer?
[15:36] {nemo} that's Xmas
01[15:37] {&Threei}  come to victoria'
01[15:37] {&Threei}  we are about to have a cull
01[15:38] {&Threei}  my suggestion to restore deer/people ratio by culling those who don't know the duifference between they's/there/their wasn't taken into consideration
01[15:38] {&Threei}  although I still think it makes more sense
01[15:44] {&Threei}  ok, no more trades
01[15:44] {&Threei}  thank you, have a good evening, see you tomorrow
[15:44] {dino} cya
[15:44] {Alexs} take care
[15:45] {dino} mlnx drop

July 24 2013

About flat day with listless trading. Missed some opportunities on our traditional signature dish, GDX short, got a bit too used to fading over last weeks... oh well.

Session Time: Wed Jul 24 00:00:00 2013
[09:01] {nemo} Europe up big
01[09:01] {&Threei}  mazeltov
[09:02] {nemo} oy vay
[09:13] {+cc_9} If anyone wants to see a real volatile stock today take a look at SRPT in pre-market. $68 high and $43 low
[09:17] {RonS} howdy everyone
[09:18] {cipher} gm
01[09:18] {&Threei}  ron, cipher :)
[09:21] {bbobr} gm
01[09:21] {&Threei}  bbobr :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:27] {+cc_9} Moment of truth for SRPT @ the open, stock already traded 2x avg daily volume in pre-market alone, this will be a very active high beta stock
01[09:27] {&Threei}  aka widowmaker
[09:28] {+cc_9} widow, orphans, the whole 9 yards
01[09:31] {&Threei} Short Setup: GDX  .28 break
01[09:31] {&Threei}  If holds  .10
[09:32] {+cc_9} trying some SRPT long here for a quick scalp
01[09:34] {&Threei}  1:1
[09:35] {+cc_9} our SPRT +$1.10
[09:36] {+cc_9} will revisit on $47 break IF gets there
01[09:40] {&Threei} Short Setup: F  .40 break
01[09:40] {&Threei}  If holds  .45
01[09:40] {&Threei}  Russia gives Edward Snowden documents allowing him to leave Moscow airport, source tells RIA Novosti state news agency
[09:44] {+cc_9} SRPT at pre-market lows
01[09:46] {&Threei} Long Setup:  C  53 break
01[09:46] {&Threei}  If holds  .95
[09:46] {ese} forgot to say good morning
01[09:46] {&Threei}  ese :)
[09:49] {ese} L armh .19
01[09:51] {&Threei}  1:1
[09:52] {+cc_9} OC big drop
[09:55] {+cc_9} SRPT yup, widow maker
[09:57] {+cc_9} SRPT already trading 5x avg daily volume
[09:57] {ese} armh stopped .80
[09:58] {+cc_9} OC looking for an entry over $39
[10:00] {thomcbell} wow srpt
01[10:00] {&Threei}  *(US) JUN NEW HOME SALES: 497K V 484KE
[10:01] {thomcbell} I live in Brooklyn NY - real estate market is retarded here - Crown Heights has been a fairly rough neighborhood for 40 years or more and home prices were up 44% in 12 months
[10:01] {+cc_9} SRPT $28 move from pre-market high
[10:01] {+cc_9} massive selling/shorting here on 2 min, near half a million
[10:04] {+cc_9} SRPT wow. Relentless
[10:06] {thomcbell} what was pre-martket high?
[10:07] {+cc_9} $68
01[10:07] {&Threei} Long Setup:  GDX  .90 break
[10:08] {+cc_9} SRPT by far the nuttiest chart i've seen in a long time for a listed stock
01[10:09] {&Threei}  Invalidated
[10:09] {ese} thats crazy selling for sure
[10:13] {+cc_9} Reading the news now on SRPT, its not really that bad...company is filing for new drug with the FDA in 2014
[10:13] {+cc_9} but then again, biotechs are 99% sentiment
[10:13] {nemo} biotech=women
[10:15] {+cc_9} SRPT very tempting, but just like women, gotta be careful with the temptations
[10:15] {nemo} yeah, we'd still be in The Garden of Eden if it weren't for them
01[10:15] {&Threei} Long Setup:  GDX  .70 break
01[10:15] {&Threei}  If holds  .60
[10:19] {thomcbell} what was the pattern there Vad?
[10:21] {Alexs} F SoMG!
01[10:21] {&Threei}  no clear pattern on its own, rather fo,llowing SLW which formed clearer reversal and served as a leader
[10:21] {thomcbell} yes that i see
[10:21] {thomcbell} thanks
[10:22] {+cc_9} SRPT, will only take another trade over $41 at this rate
[10:23] {ese} STX also getting pummeled cc
[10:24] {+cc_9} ese, SRPT gave a new definition for the word "pummeled"
[10:24] {+cc_9} STX looks like a baby fade in comparaison
[10:28] {ese} lol
[10:28] {ese} L armh .50
[10:28] {thomcbell} srpt defended at needham
[10:29] {thomcbell} $57 target
[10:29] {+cc_9} That's next to a slew of downgrades
[10:30] {+cc_9} stock will look slightly 'better' if it can cross $41
[10:30] {+cc_9} anything under 41 is capitulation
01[10:30] {&Threei}  half out GDX
[10:30] {nemo} cat
01[10:30] {&Threei}  stop to .64
[10:34] {+cc_9} SRPT no bounce, giving off negative feel to investors/traders
[10:34] {+cc_9} session lows
[10:35] {+cc_9} there was plenty time for "bargain hungers
[10:35] {+cc_9} hunters* to step in SRPT, they did not, very negative
[10:39] {+cc_9} SRPT now trading 7x avg daily volume with 5 hours to go, wowza
[10:41] {thomcbell} looks like it could make a quick run here
[10:41] {+cc_9} waiting on $41 before stelling back in
[10:41] {+cc_9} last wall it hit on that bounce earlier was 40.50
[10:43] {+cc_9} it can't slowdown or its back to sub 39, needs a fast move over $40.50 to get some in-flow and w/e short covering there is
[10:44] {+cc_9} SPRT 32% of the float is held short
[10:45] {Alexs} stop now .69?
[10:45] {+cc_9} Getting close to that $40.50 test
[10:46] {+cc_9} moment of truth SRPT, $0.10 to go
[10:50] {+cc_9} failed at the wall test
[10:53] {+cc_9} big seller on EDGX 40.27
[10:54] {RonS} not really...been some 10kr's
[10:55] {RonS} and no auto-refills to speak of...
[10:55] {nemo} cat
[10:55] {RonS} at 10 mil traded = 30% of float...
[10:57] {+cc_9} trouble at 40.50 but volume slowing down
01[10:58] {&Threei}  yes Alex, sorry, missed it earlier
[10:58] {+cc_9} 4th test of the mid 40s, failed again
[10:58] {Alexs} no problem thanks
[10:59] {+cc_9} SRPT : http://investorwand.com/recommendations/viewcompany/2486
[10:59] {+cc_9} but thats before today
[11:00] {+cc_9} going long SRPT here ahead of the 40.50 break for second trade
[11:01] {+cc_9} 40.50 crack, lets see if can push over 41 now
[11:02] {ese} daaaaa stopped armh .00
[11:06] {ese} L emc .00
[11:07] {+cc_9} SRPT looking for a 41 test
[11:07] {+cc_9} spread tightening a bit
[11:07] {+cc_9} over 8x avg daily volume
[11:08] {ese} might join ya
[11:09] {+cc_9} SRPT closing in 41 test, $0.10 to go
[11:10] {+cc_9} ton of FADF prints on SRPT
[11:10] {+cc_9} SRPT $41.00, big seller on ARCA/EDGX
[11:11] {+cc_9} selling half SRPT here to lock some profits +$0.65
[11:11] {+cc_9} holding rest
[11:15] {+cc_9} bounce players exiting positions here
[11:17] {+cc_9} no follow-through 41, 40 test now *yawn*
[11:17] {+cc_9} ese, ARMH made a nice bounce there
01[11:20] {&Threei}  too bad I abandoned fur boots trade for today
[11:23] {nemo} wow cat
01[11:25] {&Threei} Long Setup:  GDX  .40 break
01[11:25] {&Threei}  If holds  .30
[11:31] {+cc_9} TOL long here with stop loss 33.10
01[11:45] {&Threei} Long Setup:  GDX  .40 break
01[11:45] {&Threei}  If holds  .35
[11:49] {+cc_9} TOL flat lining, SRPT ditto stuck at 40 wall
[11:58] {Alexs} fur boots can't forgive you Vad
01[11:59] {&Threei}  apparently
[12:04] {ese} vad does not have fur boots
[12:04] {+cc_9} If there was one stock from yesterday that was worth keeping an eye on again was MLNX
[12:04] {ese} there leather
[12:04] {ese} and
[12:04] {ese}  a whip to match
[12:06] {+cc_9} SRPT no "bargain" hunters and volume slowing down, looks like most still view it "overvalued" in addition to the 35% short float.
[12:07] {+cc_9} bid is pegged @ 39.50
[12:12] {+cc_9} SRPT hostage taking by the spread trading algos
[12:12] {+cc_9} all the hoopla now flat line
[12:13] {+cc_9} out TOL
[12:14] {+cc_9} SPY cratering
[12:17] {ese} ok.....i'm now addmitting I am out of touch today....my emc position is doing well ummmm...lets say ok but my first 2 were disasters
01[12:19] {&Threei}  i't all nemo's fault btw
[12:19] {nemo} pisdah
01[12:19] {&Threei}  for the last 4 years he was warning us about boring summer trading, and was wrong 3 times. This time he is right
[12:20] {nemo} ?
[12:20] {nemo} pray, do tell...
01[12:20] {&Threei}  ?
[12:21] {RonS} he skipped the praying and already told...
01[12:21] {&Threei}  lol
[12:21] {nemo} kneel before Zod!
[12:21] {nemo} wow, not sure where that came from
01[12:21] {&Threei}  thus spake Zaratustra
[12:21] {RonS} ...for some reason loved that Sean Connery movie back in the day...
[12:21] {nemo} nah, Superman
[12:22] {nemo} ?
[12:22] {nemo} Ron, wrong movie
01[12:22] {&Threei}  nemo is full of question marks today
[12:23] {ese} phewwww
[12:23] {ese} tks...much appreciated......being absolved for my trading errors today......
[12:24] {ese} as we all know it's never our fault
[12:24] {ese} somebody out there has it in for us
[12:24] {ese} hmmmmmmm
[12:24] {+cc_9} For anyone interested, all the SRPT upgrades/downgrades for today : http://www.theflyonthewall.com/permalinks/entry.php/TSLA;LULU;SDRL;HBC;SRPTid1854425/TSLA;LULU;SDRL;HBC;SRPT-On-The-Fly-Premarket-Movers?symbol=SRPT
[12:24] {ese} wait a minute.....THATS NEMO!!!!!!!
[12:25] {ese} HES HAD IT IN FOR ME FROM THE BEGINNING!!!!!!!
01[12:25] {&Threei}  nemo... ese figured you out
01[12:25] {&Threei}  the jig is up
[12:25] {nemo} only took him how many years
[12:25] {+cc_9} The funny one in that list is Deutsche Bank
[12:25] {ese} ya eh!
[12:26] {+cc_9} they first give positive comment, then when other desks downgrade, they follow through and do the same
01[12:26] {&Threei}  lemmings
[12:30] {+cc_9} SRPT officially trading 10x avg daily vol
01[12:31] {&Threei} Long Setup:  IWM  .75 break
01[12:31] {&Threei}  If holds  .70
[12:32] {+cc_9} 40.00 rejected, back to .39.50 peg, bot day
[12:37] {+cc_9} ARMH nonstop
[13:01] {Will49} check'n in
[13:01] {+cc_9} SRPT @ LOD again
[13:01] {RonS} hi Will
[13:02] {Will49} hi...miss you guys ( a bit):)
[13:02] {RonS} sure miss your cornball humor...
[13:02] {Will49} now I don't miss you at all
[13:02] {Will49} kidding
[13:11] {+cc_9} SRPT getting close to plunge status
[13:11] {+cc_9} $0.20 from LOD
01[13:15] {&Threei}  (US) Pres Obama: US cannot afford a repeat of the debt ceiling fight; US must invest in education and infrastructure; phony scandals in Washington are distracting from the economy- Income inequality is morally wrong and bad economics - Calls on Republicans to offer plans to help working families; stakes are high for the middle class in the upcoming budget
01[13:15] {&Threei}  phony scandals in Washington are distracting from the economy
01[13:16] {&Threei}  yeah? maybe stop producing real ones?
01[13:16] {&Threei}  Income inequality is morally wrong - so, it's income equality you want?
[13:17] {thomcbell} Obama is Ellsworth Toohey
01[13:17] {&Threei}  The Marxist doctrine is omnipotent because it is true.
01[13:18] {&Threei}  It is comprehensive and harmonious, and provides men with an integral world outlook irreconcilable with any form of superstition, reaction, or defence of bourgeois oppression.
[13:29] {RonS} thank God this could never happen here:  China bans new government buildings in crackdown on waste | http://bloom.bg/18BrTFC
[13:33] {+cc_9} SRPT cratering
[13:33] {+cc_9} session lows 38, 0 buyers
01[13:44] {&Threei}  Royal baby named Prince George Alexander Louis
01[13:44] {&Threei}  whew... suspense was killing me
[13:47] {nemo} Costanza in there anywhere?
[13:52] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:52] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:52] {nemo} up a conversation with your fellow passenger."
[13:52] {nemo} The little girl, who had just started to read her book, replied to the total
[13:52] {nemo} stranger, "What would you want to talk about?"
[13:52] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:52] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:52] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:52] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:52] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:52] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:52] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:52] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:52] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:52] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:52] {nemo} And then she went back to reading her book.
[13:53] {nemo} did that come through
[13:53] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:53] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:53] {nemo} up a conversation with your fellow passenger."
[13:53] {nemo} The little girl, who had just started to read her book, replied to the total
[13:53] {nemo} stranger, "What would you want to talk about?"
[13:53] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:53] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:53] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:53] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:53] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:53] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:53] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:53] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:53] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:53] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:53] {nemo} And then she went back to reading her book.
01[13:54] {&Threei}  hmmm
01[13:54] {&Threei}  deja vu
[13:56] {RonS} pray, and don't tell again?...wait a month next time...not two weeks  ;)
[14:03] {ese} ok ....now thats a good one!
[14:03] {RonS} beautiful sight this morning...family of four cooper's hawks ripping apart a rabbit in the back yard...
[14:06] {ese} wow
[14:07] {RonS} classic:  http://www.slate.com/articles/news_and_politics/low_concept/2013/07/carlos_danger_name_generator_use_our_widget_to_get_a_name_like_anthony_weiner.html
[14:07] {ese} i guess that ranks up with things you don't see every day
[14:07] {ese} L spy .50
[14:08] {RonS} ya, they rarely go after adult rabbits because the birds are too small to lift them
[14:10] {RonS} guess w/ 2 teenagers and mom & dad they figured could rip it apart to carry off
[14:11] {RonS} the hatclings go from newborn to flying in 2 months...it is amazing
[14:11] {RonS} hatchlings
[14:13] {RonS} 2 weeks to learn to fly and then parents spend 'til first frost teaching how to hunt and kill
[14:13] {RonS} ...then all on their own...
[14:15] {RonS} bidu just ripped $3
[14:19] {thomcbell} lvs looks like a possible entry here 54.85 long break that it just briefly went thru
[14:22] {thomcbell} lvs invalidated obviously
[14:28] {RonS} tol is really heavy but someone put on a dec 35/40 call spread for 1.20 2350 times 282k bet
[14:32] {RonS} wow look volume qcom sept 67.50 45-46k at .50 would be a 2.25 mil bet
[14:38] {RonS} thought those birds took the rabbit, but hid it under some pine needles...now back pecking away
[14:39] {RonS} vmw squeeze
01[14:41] {&Threei} Short Setup: GLD  .25 break
01[14:43] {&Threei}  invalidated but on watch
01[14:44] {&Threei}  venturing in different genre: http://goo.gl/mYRjqr
01[14:48] {&Threei} Short Setup: GLD  .40 break
01[14:48] {&Threei}  If holds  .45
[14:53] {thomcbell} pretty horrendous action srpt - if that low breaks i could see it down near 3-35
[14:53] {thomcbell} 34.35
01[14:56] {&Threei} Short Setup: GLD  .45 break
01[14:56] {&Threei}  If holds  .50
01[15:04] {&Threei} Short Setup: GLD  .50 break
01[15:04] {&Threei}  If holds  .55
01[15:07] {&Threei}  1:3 please, GLD
01[15:22] {&Threei}  grrr
01[15:23] {&Threei} Short Setup: FB  .30 break
01[15:23] {&Threei}  If holds  .36
01[15:24] {&Threei}  FB reports after close today, let's see if there is some fear in the air
[15:24] {nemo} lotsa' firms reporting
[15:25] {nemo} amzn I think also
01[15:25] {&Threei}  V, QCOM
[15:26] {nemo} V will be important
01[15:26] {&Threei}  AMZN is tomorrow
01[15:32] {&Threei}  frikin GLD
01[15:40] {&Threei}  last try
01[15:40] {&Threei} Short Setup: GLD  .50 break
01[15:40] {&Threei}  If holds  .55
01[15:42] {&Threei}  meh
01[15:44] {&Threei} Short Setup: FB  .40 break
01[15:44] {&Threei}  If holds  .45
01[15:46] {&Threei}  change to .45 break
01[15:47] {&Threei}  if that's a fake breakout, that's our last chance to utilize it
01[15:47] {&Threei}  If holds  .50  of course
01[15:49] {&Threei}  die FB
01[15:49] {&Threei}  and die fast
[15:50] {ese} well...tomorrows another day...cya
01[15:50] {&Threei}  take care ese
01[15:54] {&Threei}  shrug
01[15:54] {&Threei}  whatever
01[15:54] {&Threei}  sniff
01[15:54] {&Threei}  have a good evening guys, see you tomorrow
[15:55] {Alexs} take care Vad