Nemo's Findings week of 10/29

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

Apology up front, it's now hunting season so I'm resetting my routine a bit.  I was negligent on collecting news.

Week that Was:

Suffice it to say, in general, earnings and guidance have been somewhat disappointing and the market has been selling the news, even if it is good, albeit in a relative range.  

http://www.factset.com/insight/2012/10/earningsinsight_10.26.12#.UIwP38XA-bM


 
I've heard said that tops are not a bang and drop, but a process of distribution that takes time.  As I write this headline GDP came in a tad better than expected and the market is relatively blase about it.  Here are the daily moves for the basic indexes I track:

The market seems to be saying it's not too excited about what comes down the road. As you can see, the major moving averages(50, 200 SMA) have held in the Financials and IWM. Notice too on SPY the reddish bands.  Those are volume at price bands where heavy amounts of volume have been done. It will take concerted bullish energy to break above, and relatively concerted bearish energy to break below-although that scenario is building.  Notice how that level has held.  Here are longer term views:

I've highlighted the areas of significant volume or where they demarcate insignificant volume, also known as vacuums, or as the trading savant @gtotoy likes to call them "Kirbys."  Since this is taken as of Friday, you don't see how much volume has built up  in the range this week, but it is significant.  Should the price action drop below the box, notice the lack of volume down to 138.60ish.  Notice how the bottom of that gap coincides with the gap up on 8/3.  That will likely be the bounce level, if it drops that 136.80 level then 135.75.  Not to be a pessimist, notice the volume kirby that begins above 142.03.  Methinks we test that 143.40 band before we go lower.

The week that is: 

 

As you can see, we have a volume resistance band that coincides with the WR3 and MPP in the 83.75 area, so it will take a little work to get through that area.  Support is formed at the 200SMA with volume support in the 79.75 area with a volume vacuum starting in the area of WS3, 78.60

 


 The Qs also face volume resistance overhead starting in the area of the 50SMA, but it is a band approximately a dollar wide.  Of course volume support is visible in the 64.25 area.

The SPY also shows a couple of bands of overhead volume resistance with the 50SMA sandwiched in the middle.  The Weekly R3 denotes the most recent swing high.  Volume support held the SPY this week with denoted potential volume support levels below and the 200SMA-the bull market delineation.

In general, the market is looking bounce ready, of course the elections are only a little over a week away so....it could be meander.  Having said that, one more chart:

This is a chart of the dollar.  As you can see, it's traveling a band in a range.  Now the standard relationship is $ down=Market Up.  If the $ holds the range, next move is to test support.  As we see with many of the charts above we see they are near support.  So, given the inverse relationship (normally that is), If the $ begins to drop we should see a rise in the market, because if the $ is worth less, then it should take more of them to buy everything else.  Also...

Looks like Bonds want to at least test the 50 SMA.  Very tight band between there and the 200 SMA. If they break higher normal relationship is inverse to the markets also.


Having said that, I'm not sure what will happen to oil.  Frankly, I'm not sure about anything else either, but given the cloudy economic environment, the market for oil could be mixed should the market advance and the $ drop simply because future expectations of demand for energy will be tempered.

O.K. that's enough for now... 













 

 

Market Week Wrap-up

GDP Soars As Earnings Swoon


- The S&P500 fell to seven-week lows on Friday as the disappointing September quarter earnings season rolled on. There were a few standout sectors, such as the aerospace industry, and Facebook finally gained some ground on decent earnings, but by and large the tone out of corporate America was sour and hesitant. Contrast this with the advance Q3 GDP reading of +2.0%, up from the +1.5% pace seen in Q2. Some analysts quibbled that the big contributors to the better number were government spending and residential fixed expenditures, with only a slight pickup in consumer demand. In Asia, China's NDRC was said to be preparing a new round of fiscal stimulus to coincide with the leadership transition next month. In Japan, the cabinet approved a ¥750B stimulus spending package from central and regional governments. The FOMC met and issued a policy statement that was largely a repeat of last month's statement, pledging 'QE-infinity' and "exceptionally low levels at least through mid-2015," albeit with an acknowledgement of inflation picking up and household spending "advancing a bit more quickly." For the week the DJIA fell 1.8%, the S&P500 was down 1.5%, and the tech-heavy Nasdaq lost 0.6% as major tech names reported weak earnings.

- Tech industry darlings Apple, Amazon and Google offered perplexing quarterly results: headline numbers from Google and Apple missed expectations, while Amazon reported its first quarterly loss in years. Apple and Amazon offered very cautious guidance. Apple's weaker margins were a big focus, although the firm said they were mostly due to the large number of product launches and refreshes over recent months. Apple's iPhone shipments met expectations, although iPad shipments were a bit soft. Google saw a big decline in the key "cost per click" metric, indicating falling prices for its advertising. On the flip side, tech industry whipping boy Facebook saw its best single-session advance in its brief history as a publicly traded company post earnings, thanks mostly to the 61% y/y growth seen in the firm's mobile users. There was also enthusiasm for new momentum in the firm's mobile advertising business.

- Microsoft officially launched its new Surface Windows 8 tablet. The new system is a radical rethink of the way that users interact with computers, and there has been both praise and criticism for the approach from tech industry journalists. With the launch, Microsoft is diving head first into the hardware manufacturing segment. Much of Microsoft's thunder was stolen by Apple's new iPad mini product, which was also launched this week, along with an iPad refresh and a new 13" MacBook Pro. Analysts seemed to believe the pricing of the new iPad mini was a bit steep (the device starts at $329, compared to base prices for similar Google and Amazon products around $200).

- AT&T's headline numbers met expectations, however investors were concerned by what they saw in the firm's operating metrics. Net adds were down sharply on a y/y basis and margins were lower. iPhone activations were up, although the well-known supply constraints affecting the iPhone 5 held back the impact of the device's launch; recall iPhone 5 was only available for the last 10 days of the quarter. Sprint's quarterly loss was half the expected amount, although they firm's wireless net adds contracted on y/y basis.



- Caterpillar cut its FY12 forecast for the second time this year in its Q3 report and offered a downbeat look at its initial view of FY13 revenue. Executives warned that lower production and temporary shutdowns would continue until demand rebounded. With regard to 2013, Caterpillar is not expecting rapid growth or a global recession but is taking a pragmatic view. The company said the US business is picking up and China is on the edge of a recovery.

- Aerospace and defense names did very well in Q3, despite the looming battle over the fiscal cliff and budget "sequester." Boeing, Lockheed, Northrop Grumman and United Technologies all had excellent quarters, and all except UTX hiked FY12 guidance. Boeing executives were very upbeat, saying that the strong jet order environment to continue through the year. General Dynamics was the exception, missing targets as profits fell nearly 10% y/y. Generally the firms were cautiously optimistic about a resolution to the fiscal cliff in Washington, though they noted contingency plans were in place. Lockheed noted that its preliminary outlook for 2013 is premised on the assumption that sequestration does not occur, while GD warned that budget uncertainty was affecting government orders in shorter-cycle operations in the September quarter.

- Chemicals and materials names Dupont, Dow and 3M had terrible quarters. DuPont and 3M cut FY12 guidance forecasts. Sales volumes in all of DuPont's major markets fell, and the firm said it would cut around 2% of its workforce as a consequence. Dow announced a 5% workforce reduction to control costs in the midst of persistently slow macroeconomic growth. 3M stated that there were no indications that Q4 would be dramatically different from Q3, with business conditions expected to remain challenging for rest of the year. All three firms faced pricing issues: Dow's profits fell nearly 40% y/y as prices declined 9% y/y, although the company said some units saw double-digit declines.

- Analysts assume that the chances Canada would approve Cnooc's bid to acquire Nexen diminished after the Canadian government rejected the Petronas-Progress Energy deal on a preliminary basis. The government warned that the deal would not provide the "net benefit" for the country required by Canada's foreign investment laws. Analysts warned that the decision bodes ill for Cnooc, while others pointed out that while both Cnooc and Petronas are state-owned, Cnooc at least is more transparent as it is publically traded, and Canada has a foreign investment pact with China.

- EUR/USD remains well within the range seen since mid September, and this week trended from 1.3090 to as low as 1.2880. Spain has not yet requested a sovereign aid package, and there were plenty of concerning headlines out of the country, including a shocking record-high unemployment rate of 25% for the third quarter. Moody's may not have downgraded the Spain's sovereign rating, but they did downgrade the ratings on five of Spain's autonomous regions as they began getting approvals for aid disbursements from the regions bailout fund. Meanwhile the Bank of Spain confirmed what most people already knew, that the 2012 deficit-to-GDP ratio would be as high as 7.2-7.4% versus the 6.3% target. Meanwhile Greece took its negotiations with the Troika down to the wire. Troika officials have given Greece until Sunday night to meet their demands and come up with a plan to secure funding; German Finance Minister Schaeuble commented that there were some doubts that Greece had lived up to its commitments and warned that the nation's future in the eurozone was not a sure thing.

- The major focus in FX trading this week was the ever-weakening yen. The USD/JPY pair continued its two-week long ascent coming into the week, testing three-month highs around 80 handle on Monday following the weaker export component in the Japanese September trade balance. Expectations have been building for the BOJ to launch more easing measures and the Japanese government to announce a new stimulus package, helping to drive yen softness. Verbal intervention was heard from BoJ Gov Shirakawa and Econ Min Maehara. USD/JPY topped out around 80.36 and then turned around on Thursday, after the Japanese cabinet approved a ¥750B stimulus package. By late on Friday, the pair was back below the 80 handle.



 TradeTheNews

Oct 26 2012

Not big but decent day to end the week. Missed FB short today but got spectacular NFLX long. All in aall, good week.

Session Time: Fri Oct 26 00:00:00 2012
[09:03] {dino} gm
01[09:03] {Threei}  morning dino
[09:04] {scottie} good morning
01[09:05] {Threei}  scottie :)
[09:12] {robbers} gm
01[09:12] {Threei}  robbers :)
[09:17] {ese} good morning.......i'm back for another drubbing
[09:17] {Beau} good morning
01[09:18] {Threei}  ese, beau :)
[09:18] {ese} and i'm L btu at .07 at 5am
01[09:18] {Threei}  if you insist, ese... always ready to oblige:
01[09:18] {Threei}  [14:36] {Threei} Bloomberg � 10-25-12
01[09:18] {Threei}  [14:36] {Threei} Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers as sluggish U.S. growth and Europe's deepening recession lead to a persisting slump in sales.
01[09:18] {Threei}  [14:36] {Threei} North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.
01[09:18] {Threei}  [14:36] {Will49} white house will love that news NOT
01[09:18] {Threei}  [14:37] {Threei} "Companies are saying, �Let's not build up inventories, let's be lean and mean until we know until we have a better idea of what 2013 is going to look like,'" said Janna Sampson, who helps manage more than $3 billion for Oakbrook Investments in Lisle, Illinois. "There is a fear now as companies see that the economic recovery is not picking up."
01[09:19] {Threei}  {GGG}
[09:19] {ese} rotflol
01[09:19] {Threei}  :)
[09:19] {Will49} Good Morning
[09:19] {ese} will
01[09:20] {Threei}  will :)
[09:21] {ese} ese walks around house with head between knees..........
[09:21] {nemo} really...I thought it was usually somewhere else
[09:22] {nemo} ?
[09:22] {ese} ouch
[09:22] {ese} damn did i ever leave myself open on that one
[09:22] {nemo} Yeah, don't stick your chin out like that...can't help myself
[09:23] {nemo} LVS very interesting spot
01[09:24] {Threei}  let me offer you nice visual before trading starts:
01[09:25] {Threei}  http://photography.realitytrader.com/2012/10/fall-in-beacon-hill-park.html
[09:25] {nemo} I like the Monet effect
[09:26] {cipher} gm
[09:26] {ese} Beacon Hill park Vad
01[09:26] {Threei}  yup
01[09:26] {Threei}  cipher :)
[09:26] {Will49} great eye there Vad
01[09:26] {Threei}  ty
[09:26] {ese} will you live close to beacon hill don't you
[09:27] {Will49} Yes 1/2 mile or so
[09:27] {ese} ahhhhh hmmmmmm  i guess not that close
[09:27] {Will49} had to translate distance for our American brothers
[09:27] {ese} for some reason i thought you were over there
[09:28] {ese} cook street area
[09:28] {Will49} Cook st borders park
[09:29] {ese} ya pretty much ......south end
[09:29] {Will49} I live at Clover Point
[09:29] {ese} ahhhh ya that is close
[09:30] {ese} don't forget to pop in here for coffee if your ever in this area
[09:30] {Will49} tks i will
01[09:31] {Threei} Short Setup: FCX  .30 break hl
01[09:31] {Threei}  If holds  .40
01[09:32] {Threei}  1:1 but not much chance for entry
01[09:32] {Threei} Short Setup: CCL  .62
01[09:33] {Threei}  If holds  .70
01[09:35] {Threei}  trail to .66
01[09:35] {Threei}  half out
[09:35] {Les} morning
01[09:36] {Threei}  stop .62
01[09:36] {Threei}  les :)
[09:36] {Les} setup was?
01[09:36] {Threei}  .62 break
[09:37] {Les} ticker?
01[09:37] {Threei}  ccl
[09:38] {Will49} .10 scalps on both TKS Vad
01[09:38] {Threei}  :)
[09:38] {scottie} +.08 and +.06 ty
01[09:38] {Threei}  yw
[09:39] {robbers} .10 here, too, thanks.
01[09:39] {Threei}  gj guys
[09:39] {Will49} noobies rock
[09:39] {Will49} :)
[09:39] {nemo} looking like grind up day
01[09:40] {Threei} Long Setup:  LVS  .50 break hl
01[09:40] {Threei}  If holds  .40
[09:40] {scottie} too fast
01[09:40] {Threei}  1:1
[09:40] {nemo} that one could be a long ride, try to hold a piece
[09:41] {dino} mcrs hl l .60
[09:41] {ese} out btu .93 +.86
[09:41] {dino} gj
01[09:41] {Threei}  nice
[09:41] {Will49} wtg ese
[09:41] {ese} tks...........don't seem to have alot of time these days......have to make due
01[09:42] {Threei} Short Setup: RCL  .90 break hl
01[09:42] {Threei}  If holds  34
[09:42] {scottie} not in short list
01[09:42] {Threei}  yeah
01[09:43] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 47%
01[09:46] {Threei} Short Setup: MCD  .10 break
01[09:46] {Threei}  whoa
01[09:46] {Threei}  tekeported
01[09:46] {Threei}  RCL 1:1 who had it for short
[09:46] {Beau} lvs l down here ?
[09:47] {dino} out mcrs .31, +.71
01[09:47] {Threei}  feels like from under .20
01[09:47] {Threei}  wtg dino
[09:47] {scottie} gj dino
[09:47] {dino} ty
01[09:47] {Threei}  MCD is back for pickup
01[09:48] {Threei}  half lkot
01[09:48] {Threei}  stop above .20
[09:49] {robbers} I scalped RCL, thanks again
01[09:49] {Threei}  :)
01[09:49] {Threei} Short Setup: LVS  .20 break
01[09:49] {Threei}  If holds  .30
01[09:50] {Threei}  1:1
[09:51] {robbers} Scalped LVS, channeling my inner Vad.
01[09:51] {Threei}  lol
01[09:51] {Threei}  MCD 1:1
01[09:51] {Threei}  scalping friday
[09:52] {dino} clgx hl l .50 stop lod break
[09:53] {nemo} oy, might want that July gap, not sure I consider that Aug hammer as a fill
[09:53] {dino} clf wants that 35 area gap
[09:54] {Les} sweet dive lvs thx
01[09:54] {Threei}  wow, LVS had more in it
01[09:54] {Threei}  *(US) OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 82.6 V 83.0E
01[09:54] {Threei}  yw
01[09:55] {Threei}  this is what, 5:5? can I go home?
01[09:55] {Threei}  I have more of fall to photograph :)
[09:55] {Les} 1.5/5 for me
[09:55] {cipher} s mcrs .99
[09:56] {cipher} cov .51 +.48
[09:56] {Les} was busy preparing for snow this weekend
01[09:56] {Threei}  yikes
[09:56] {Will49} what is snow?
01[09:56] {Threei}  consolation, Les: http://photography.realitytrader.com/2012/10/fall-in-beacon-hill-park.html
[09:56] {Les} think Nemo's gonna get some too this weekend
[09:56] {dino} mcrs hl l .50 stop .23
[09:57] {nemo} no, it'll be Tuesday, and won't likely be snow
01[09:57] {Threei}  the rest is true
[09:57] {dino} 4 to 8 inches of rain
[09:58] {Les} quarter mcd .91
[09:58] {Les} stop to .00
[09:58] {robbers} Vad, one of my two minors in college was photography, then worked with a commercial photographer for a year.  Those park shots are really good work.  Nice.
01[09:59] {Threei}  thank you, value endorsement from a pro
[09:59] {Les} nice colours. went down to local park this morning for some photos. Dull by comparison to what you are photographing
[10:00] {nemo} yeah, well don't forget, you're processing the images through your brain...
[10:00] {Les} hehehe
01[10:00] {Threei}  lol
[10:00] {Les} numbers here?
01[10:00] {Threei}  nemo is in good shape today
01[10:00] {Threei}  well, since you asked: *(MX) MEXICO CENTRAL BANK LEAVES OVERNIGHT RATE UNCHANGED AT 4.50%; AS EXPECTED
01[10:02] {Threei}  this one for ese:
01[10:02] {Threei}  Friday, October 26, 2012 10:01:04 (US) Atlanta Fed Survey:Businesses expect inflation at 1.8% in 2012 vs 1.7% expectation in September- Businesses saw a deteriorationin sales and profit levels in October
[10:02] {ese} how can a guy that channels rabits be in good shape
01[10:02] {Threei}  good question
01[10:03] {Threei}  but he obviously manages somehow
01[10:03] {Threei}  Canadian embassy in Washington, DC evacuated as police investigate suspicious substance found in letter
[10:03] {nemo} define shape please...
[10:03] {ese} ya it's called dog "S..."
[10:03] {nemo} I'm not sure I see the continuity of the syllogism
[10:04] {Les} Perhaps insomnia is a divine curse for Nemo's 'gift'...
01[10:04] {Threei}  MCD 1:2
01[10:05] {Threei}  friking LVS 1:4, and I took a scalp
01[10:06] {Threei}  looked to me like dive to 1:1 and quick reversal, so I contemplated switch to long after a few min of consolidation
[10:07] {cipher} MCRS L .30
[10:07] {Les} fog over the pond is definitely one to sell. I thought you'd passed it through an oil painting filter...
[10:08] {cipher}  MCRS .79 +.49
[10:08] {cipher} too soon
[10:08] {dino} out mcrs .88, +.38
[10:09] {robbers} Took the LVS scalp on the volume dive....but am never sad to make money.
[10:09] {cipher} oops
[10:09] {cipher} still have leftover
[10:09] {cipher} out rest .94
01[10:10] {Threei}  I don't use one-click filters, les... it's a low form of post-processing for lazy ones
[10:10] {ese} classic dino
[10:10] {dino} that thing drops fast
01[10:10] {Threei}  wtg cipher
[10:10] {dino} hl l .50 mcrs
[10:11] {ese} good earnings and market makers tank the stock.......perfect
01[10:11] {Threei}  Former Italian Prime Minister Silvio Berlusconi sentenced to 4 years in jail in tax fraud trial
[10:11] {Will49} bunga bunga
[10:11] {ese} wow
[10:12] {scottie} tjx l 41 ?
[10:12] {ese} ........but he plea barganed hookers though didn't he.............so he'll be fine
01[10:12] {Threei}  hl scottie
[10:12] {cipher} s mcrs .50
[10:13] {nemo} dino long, cipher short
01[10:13] {Threei}  they hedge each other
[10:14] {robbers} battle of the titans.
[10:14] {ese} L btu .39
[10:15] {cipher} cov mcrs .44 not gonna fight it
[10:15] {cipher} +.06
[10:15] {nemo} Wow, seriously brown proboscis today there robbers
[10:15] {robbers} you notice, though, nothing for you, LOL.
01[10:16] {Threei}  hehe
[10:16] {nemo} Lack of taste
[10:16] {nemo} The subtlety and art by which I lacerate my prey is lost on you
[10:16] {cipher} sure mcrs going my way after I get out :(
[10:17] {robbers} actually, I liked the use of "proboscis".
[10:17] {robbers} oooops, more brown.
[10:17] {dino} mcrs stop -.26
[10:17] {cipher} what the hell is that, do I need to look it up in the dictionary?
[10:18] {robbers} Nose.
[10:18] {Les} bees tongue cipher
[10:18] {nemo} no, you can just type it in google
[10:18] {nemo} sheesh
[10:18] {nemo} Who actually picks up a book these days
[10:18] {Les} me
[10:18] {cipher} not me
[10:18] {cipher} google is king
[10:18] {nemo} Yeah, but you're using it as a doorstop Les
[10:19] {Les} :P
[10:19] {nemo} EXPE folks
[10:19] {dino} seems the worst thing a company can do is beat and raise, ex: clgx, mcrs
[10:19] {cipher} l expe .97
[10:19] {dino} mlnx too
[10:20] {nemo} this should be it
01[10:20] {Threei}  cipher: http://lmgtfy.com/?q=proboscis
[10:20] {nemo} that should be the shake and rebid
[10:21] {nemo} wow, that's a seller
[10:23] {cipher} out expe.90 -.07
01[10:23] {Threei} Short Setup: FCX  39 break
01[10:23] {Threei}  If holds  .10
[10:28] {Les} .20 EXPE target for drop here
[10:29] {ese} lets go btu.......got kind of a hl double bottom 1min here.....theorectically should work out
[10:30] {ese} and.....it's bucking the mrkt trend
[10:30] {dino} mcrs hl l .06
[10:30] {cipher} mcrs l .08
[10:30] {dino} lol
[10:31] {ese} smells like cool clear clean crisp dollar bills to me
[10:31] {Les} nice find nemo
01[10:31] {Threei}  scary words from president: we've come too far to turn back now
[10:31] {Les} "...so vote for me..."
01[10:32] {Threei}  meaning, if you are going down wrong path, keep going simply because you've gone too far?
[10:32] {cipher} out mcrs .95
[10:32] {ese} thats a market saying.........." an object when in motion........"
01[10:33] {Threei}  Swing State Tracking: #Romney 50%, #Obama 46%
[10:33] {nemo} MCRS looks short here
[10:34] {Les} http://tinyurl.com/9mjdmp7
[10:34] {nemo} http://www.huffingtonpost.com/2012/10/26/bladimir-barreto-jump-over-moving-car_n_2022398.html?utm_hp_ref=weird-news
01[10:34] {Threei}  if SPY loses 141, short everything in sight
[10:34] {ese} market killer for a cartoon goof.............good luck down there you guys
[10:34] {ese} cya all tomorrow
[10:34] {cipher} s mcrs .99
[10:35] {Will49} take it easy E
01[10:35] {Threei}  take care ese
[10:36] {cipher} cov mcrs .86 +.13
01[10:39] {Threei}  SPY held support
01[10:40] {Threei}  let's scratch FCX
01[10:40] {Threei}  out .03
[10:45] {cipher} aapl s.00
[10:46] {scottie} nxy l .30 ?
[10:46] {Les} blood coming?
01[10:47] {Threei}  not sure scottie
[10:47] {cipher} cov 1/2 aapl .70 +1.30
[10:48] {cipher} appl target 604
[10:48] {Les} nice catch at support C
[10:53] {cipher} cov rest AAPL 604.10
[10:53] {cipher} l aapl 604.10
01[10:53] {Threei}  les, here is good analysis about popular vs electoral college vote sotiation: http://t.co/dIIFdsyN
[10:53] {cipher} out 1/2 appl .98 +.88
[10:55] {cipher} out rest .48 +1.38
[10:55] {Will49} an apple a day
[10:55] {cipher} yep
[10:55] {cipher} very predictable stock
[10:56] {cipher} once you get to know him
[10:56] {cipher} :)
01[10:56] {Threei} Short Setup: FB  .15 break
01[10:56] {Threei}  If holds  .25
01[10:57] {Threei}  aggressive entry for .05 break
[10:59] {cipher} mcrs l.69
[11:02] {nemo} financials at the 50 day moving average
[11:03] {cipher} out mcrs .84 +.15
[11:04] {cipher} appl l .36
[11:06] {cipher} scaling out .36 +1
01[11:06] {Threei}  hard to count how many doctors cipher kept away today
[11:07] {cipher} out rest .00+1.64
01[11:09] {Threei}  no go FB
[11:11] {cipher} L AAPL .32
[11:11] {thomcbell} long small low
[11:11] {thomcbell} 31.45
[11:12] {thomcbell} using 31.40 as stop
[11:12] {thomcbell} target is 31.70 - may take all day
[11:14] {cipher} out aapl .57 +.25
[11:16] {thomcbell} now it can be 31.48 break if holding 31.40
[11:20] {thomcbell} low invalidated
[11:20] {thomcbell} will contrinue to watch it
[11:21] {scottie} That's it for me, have a nice weekend, see you all monday
[11:21] {Les} ciao scottie
[11:21] {scottie} Les
[11:21] {Will49} Good Luck scottie
[11:22] {scottie} Will
[11:22] {nemo} expe again
01[11:22] {Threei}  take care scottie
[11:24] {Les} Bin Laden film coming out just in time for elections...
[11:25] {cipher} AAPL db
[11:25] {Les} http://tinyurl.com/8tshhlt
01[11:25] {Threei}  and is being edited to emphasize president's role
[11:25] {Les} oh stop that conspiracy talk
01[11:26] {Threei}  ?
01[11:26] {Threei}  documented fact
[11:26] {Les} :) joke vad
01[11:28] {Threei}  http://goo.gl/Rccvj
[11:28] {cipher} out appl +1.70 -ish
[11:29] {Les} yeh saw it
[11:29] {Will49} must be a bushel by now
01[11:29] {Threei}  lopl
[11:29] {Les} :)
[11:31] {cipher} ok I'm outta here... have a good weekend all
[11:32] {Will49} run you gunslinger:)
01[11:32] {Threei}  take care cipher, well deserved rest
01[11:32] {Threei}  wtf with FB
[11:32] {Les} ciao cipher
01[11:32] {Threei}  ah, upgrade
[11:32] {Les} nicely timed upgrade
01[11:37] {Threei} Short Setup: GM  .30 break
01[11:37] {Threei}  If holds  .40
[11:38] {nemo} it's at the 50 day, and the 200 day is at the whole
[11:50] {thomcbell} no problems over at qcom
[11:52] {Les} tna .80 long vad?
[11:53] {nemo} I'm not seeing capitualtion volume in the spy
[11:53] {Les} yeh
01[11:53] {Threei}  not delighted by that long
[11:53] {nemo} so I don't think tna a good idea here also FAS not showing strength
[11:54] {Les} higher low SPY, but no support there. So I'll be quiet
01[11:55] {Threei}  ugh... FB .80 short got away
[12:06] {nemo} oh oh
[12:06] {Les} AAPL falling off the tree
01[12:10] {Threei}  covering half GM
01[12:11] {Threei}  stop to .31
[12:17] {Beau} vad, what are your Bollinger Bands stand dev/lmt, period?  I lost them in a computer problem.
[12:17] {nemo} 13 1.7 on 1 min
[12:17] {Beau} thanks
01[12:19] {Threei}  right
[12:22] {nemo} o.k tna here wortht the risk
[12:22] {dino} lulu hl l .86
[12:23] {nemo} this .40-60 area hugely important to spy
[12:25] {nemo} aapl area huge importance
[12:27] {dino} fio hl l .25
[12:29] {dino} fio stop is .97
[12:30] {dino} stop
[12:41] {dino} mlnx hl l ave .26
[12:42] {Les} thanks dude. 1st break was a partial. 2nd a scalp both exits .40 calling it a day
[12:42] {thomcbell} fcx looks terribl;e
01[12:42] {Threei} Short Setup: FCX  .80 break
[12:42] {nemo} everything looks terrible
[12:43] {nemo} on that note...anybody seen a picture of Les...oy
[12:43] {Les} bite me bunny boy
[12:43] {Les} bon weekend
[12:43] {nemo} wombat poker
01[12:51] {Threei}  SPY loses .50, it's all over
[12:59] {dino} out mlnx .68, +.42
01[12:59] {Threei}  chose to bounce instead
01[12:59] {Threei}  as nice as morning was, afternoon is listless
[13:10] {cc_8} Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today that the U.S. . Food and Drug Administration (FDA) approved SYNRIBO
[13:10] {cc_8} U.S. equity futures fell in early Friday trading as large companies including Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) reported earnings Thursday that missed analyst estimates.
[13:10] {cc_8} Spain's Caixabank SA reported a 42% drop in its third-quarter net profit.
[13:11] {dino} lol cc, amzn up 8+, so much for talking heads
[13:14] {thomcbell} nobody mentions margin over at amzn but 400 basis points at aapl - lord no
01[13:19] {Threei}  well, the way they operate is very simple:
01[13:19] {Threei}  1. look at the earning, miss or beat?
01[13:19] {Threei}  2. look at the price, up or down?
01[13:20] {Threei}  3. If there is an agreement between the two, use word "because"
01[13:20] {Threei}  4. If there is a divergence, use word "despite"
01[13:20] {Threei}  as in : ABCD is up because of good earnings OR ABCD is down despite good earning
01[13:20] {Threei}  see? easy
01[13:22] {Threei}  #Florida: #Romney 50%, #Obama 48%
01[13:24] {Threei}  die already FCX
[13:38] {dino} out lulu .36, +.50
[13:41] {dino} too hours but out mcrs .72, +.72
[13:41] {dino} opps, +.66
[13:52] {thomcbell} FB what a fade that was
01[13:53] {Threei}  yeah
01[13:54] {Threei}  .80 was quite clear short p[oint, just happened way too fast
[14:06] {dino} wondering if fb fills that gap below before it gets moving up
[14:43] {nemo} sheesh nflx
[14:51] {nemo} anybody want to play nflx bounce, probably here
01[14:51] {Threei}  scary thought
[14:53] {nemo} see
[14:53] {nemo} ;-)
[14:58] {dino} hmsy blood
01[14:59] {Threei}  (CA) Moody's puts six Canada banks on review for downgrade
01[14:59] {Threei}  wow
01[15:00] {Threei}  that's a first time that crisis touched Canada
[15:04] {Will49} Not a hint of this story (yet) in Canadian financial media (that I read anyway)
01[15:04] {Threei}  very fresh
[15:04] {Will49} Financial Post specifically
01[15:04] {Threei}  unless you have real time news, you won't get it this fast
[15:05] {Will49} hmmm
01[15:05] {Threei}  (CA) Moody's puts Canada banks on review for downgrade; economic challenges are not reflected fully in present ratings
01[15:05] {Threei}  - Moody's reviewing ratings of Toronto-Dominion (Aaa), CIBC (Aa2), Bank of Nova Scotia (Aa1), Bank of Montreal (Aa2), Royal Bank of Canada (Aa3), and National Bank of Canada (Aa2).
01[15:05] {Threei}  - Expects any ratings cuts will not be more than one notch.
01[15:06] {Threei}  Facebook is down
[15:07] {Will49} tks Vad, wasn't doubting you...just surprised this hasn't hit yet
01[15:07] {Threei}  actual thing I mean, not a stock
[15:10] {nemo} rally next week
01[15:14] {Threei} Long Setup:  NFLX  68 break sma
01[15:15] {Threei}  stop under .90
01[15:15] {Threei}  1:2
[15:16] {nemo} broke too fast
[15:16] {robbers} same here.
01[15:16] {Threei}  1:3
01[15:16] {Threei}  filled at .03 on pullback
01[15:16] {Threei}  1:4
[15:16] {nemo} this is good to 69
01[15:16] {Threei}  1:6, I've had enough
[15:16] {nemo} nope 69
[15:17] {nemo} then it'll turn around
[15:17] {nemo} see
[15:17] {nemo} 69 does that...turns around  ;-)
[15:17] {Will49} lol
01[15:17] {Threei}  ummm
01[15:17] {Threei}  lol
[15:17] {nemo} look at daily
[15:18] {nemo} what's so funny?
[15:18] {Will49} not touching that
[15:18] {nemo} this goes to the 80's next week more than likely
[15:19] {nemo} It at least tests that Oct. High
[15:20] {Will49} I can't watch that anywmore
[15:21] {nemo} wow exactly to resistance and a fib ext/retrace level...confluence
[15:25] {Will49} Cdn bank news just hit Finan Post
[15:25] {Will49} IMF chief hails Canada as economic model for the world
[15:26] {Will49} there, now I feel better
[15:26] {Will49} think I'll stay
01[15:26] {Threei}  I am 30 min faster than Fin post
[15:26] {Will49} I guess so
01[15:31] {Threei} Short Setup: CINF  .65 break
01[15:31] {Threei}  If holds  .70
[15:44] {Will49} suspense
01[15:51] {Threei}  let's trail to .66
01[15:53] {Threei}  shrug
01[15:54] {Threei}  saved by the bell?
01[15:56] {Threei}  ok, out .61
01[15:57] {Threei}  thank you all, have a great weekend
01[15:57] {Threei}  see you Monday
[15:57] {Will49} Have good weekend everyone

Oct 25 2012

These FB shorts are too good to skip. 1:5 trade:

Session Time: Thu Oct 25 00:00:00 2012
[09:03] {dino} gm
01[09:03] {Threei}  morning dino
[09:04] {nemo} I see the prodigal son made it back for a second day
[09:05] {nemo} what's with all the happiness in the market today?
[09:07] {scottie} good morning
01[09:07] {Threei}  scottie :)
01[09:07] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 369K V 370KE; CONTINUING CLAIMS: 3.254M V 3.26ME- 4-week avg claims: 368Kv 366.5K w/w - Prior Initial Jobless Claims revised higher from 388K to 392K - Prior Continuing Claims revised higher from 3.252M to 3.256M
01[09:08] {Threei}  *(US) SEPT CHICAGO FED NATIONAL ACTIVITY INDEX: 0.0% V -0.20E- Prior revised lower from -0.87% to -1.17%
01[09:08] {Threei}  *(US) SEPT DURABLE GOODS ORDERS: 9.9% V 7.5%E; DURABLES EX TRANSPORTATION: 2.0% V 0.9%E - Source TradeTheNews.com
[09:08] {Les} that be me, the prodigal son?
[09:09] {Les} morning
01[09:09] {Threei}  les :)
[09:12] {nemo} mmmmhhhh....he got it....amazing
[09:12] {Les} aaah we wanna play ha
[09:13] {ese} morning
01[09:14] {Threei}  ese :)
[09:14] {ese} vad
[09:14] {ese} awesome.......i see Les is hangin
[09:14] {Les} ouch... what sort of hangin you talking about there ese...?
[09:15] {Les} you been hanging around nemo too long
[09:15] {nemo} don't stick your chin out like that Les
[09:15] {ese} hey Les.........good to hear from you again
[09:16] {ese} never did make it Switzerland to see you........we'd been up at Lake Como twice but ran out of time
[09:16] {nemo} funny...you told me you were trying to avoid him
[09:17] {ese} lol
[09:17] {ese} ssshhuuuuuuuushhhhhhh............
[09:17] {Les} heheh
[09:17] {ese} what he doesn't know won't hurt him
[09:18] {Les} put a dollar in my pocket this time round and I'll happily drop down to see yer lead singers... er yourself next time round
[09:18] {ese} ahhhhhhh......i mean.........ahhhhhh....hey Les.........hey great to talk to you .....ahem......again.....I mean
[09:18] {nemo} DeMark seems to think the SPY will make new highs then the market will keel over
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:19] {ese} will
[09:19] {Will49} hi ese
[09:20] {ese} where wer you reading those comments nemo.......i respect that guys opinions
[09:20] {Beau} good morning
[09:20] {ese} B
01[09:20] {Threei}  beau :)
[09:22] {cipher} gm
[09:22] {ese} my guess nemo............rally til the end of the year........keel over 2013
01[09:22] {Threei}  cipher :)
[09:22] {ese} C
[09:23] {cipher} E :)
[09:24] {nemo} not sure the webpage, but got it off finviz news aggregation page
[09:24] {ese} ahhhh tks
[09:25] {ese} finvis is a great site too
[09:25] {thomcbell} finviz
[09:25] {nemo} finviz.com
[09:28] {nemo} orly may be headed for 89
01[09:31] {Threei}  Per Bloomberg. Obama's green initiative: $14B spent to date, 28,854 jobs created. $485,201/job.
01[09:32] {Threei} Short Setup: FCX  .40 break hl
01[09:32] {Threei}  If holds  .50
[09:32] {nemo} gap and go
[09:34] {nemo} iwm to test .22
[09:34] {cipher} AAPL l .01
[09:34] {cipher} out .99 +.98
01[09:34] {Threei}  1:1
[09:35] {robbers} out, thanks.
[09:35] {Will49} tks Vad
01[09:35] {Threei}  :)
01[09:35] {Threei}  wow... president calls contender a bullshitter in an interview... is it that same president who wanted to introduce civility in politics?
[09:36] {dino} spr hl l .00 stop lod break
01[09:36] {Threei} Long Setup:  FB  .80 break
01[09:37] {Threei}  If holds  .70
[09:38] {nemo} shhesh it's already done over 8 mil
01[09:39] {Threei}  no go
[09:39] {Les} s1 .62 FB
[09:39] {nemo} yeah, and yesterday was Wile E. Coyote day in FB
[09:41] {cipher} s aapl 615.97
[09:41] {dino} out spr .27, +.27
01[09:42] {Threei}  rinse
[09:42] {nemo} not yet
[09:45] {dino} 07 red
01[09:46] {Threei} Short Setup: GLD  .20 break
01[09:46] {Threei}  If holds  .25
01[09:47] {Threei}  (US) Preview: Sept Pending Home Sales expected at 10:00 ET (14:00 GMT)**Consensus expectations: - MoM: +2.5%e v -2.6% prior - YoY: 17.4%e v 9.6% prior
01[09:50] {Threei} Long Setup:  LVS  46 break
01[09:50] {Threei}  late...
01[09:51] {Threei}  1:1
[09:53] {Les} R3 lvs and back to 46
01[09:54] {Threei}  half out GLD
01[09:54] {Threei}  stop to .21
[09:54] {nemo} numbers coming
[09:55] {thomcbell} short setup slw - 38.40 break if holding 38.50
01[09:56] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 47%
01[09:56] {Threei}  scalpers win
[09:57] {thomcbell} invalidated
01[09:58] {Threei}  let's wait out numbers
[10:00] {nemo} bad numbers
01[10:00] {Threei}  *(US) SEPT PENDING HOME SALES M/M: +0.3% V 2.5%E; Y/Y: +8.5% V 17.4%E
01[10:00] {Threei}  some recovery
01[10:01] {Threei} Short Setup: SLW  .60 break
01[10:01] {Threei}  If holds  .65
[10:02] {scottie} not in short list
[10:03] {thomcbell} fb looks long here but market does not
01[10:03] {Threei}  FB feels rather heavy to me
[10:03] {nemo} short below .80
01[10:03] {Threei}  just can't raise its head
01[10:03] {Threei} Short Setup: FB  .80 break
01[10:03] {Threei}  If holds  .90
01[10:03] {Threei}  and stop this mind reading tricks nemo
[10:05] {nemo} did it the other day at the lecture...kid flipped
[10:05] {dino} iaci hl l .06
01[10:06] {Threei}  Invalidated  FB
[10:06] {thomcbell} u mock what u dont understand Sensai
[10:07] {ese} if the market is the forward looking vehicle that everyone says it is then it's going up today based on those housing numbers...........read 3 articles this morning that have said the 71% of all companies that have reported have reported positive........therefor more money to buy houses in the future
[10:07] {Les} is it going into workers pockets?
01[10:08] {Threei}  on first, hpusing numbers is just one little piece in big mosaic - market is not going to go on these numbers only for any significant amount of time
[10:08] {dino} out iaci +.22
[10:08] {thomcbell} wow lvs looks decent here
[10:08] {ese} doesn't have too.........just the illusion that it is is good enough
01[10:08] {Threei}  on second, I rather thought this earnings season looked very shaky
01[10:09] {Threei}  I doubt that 71% number
01[10:09] {Threei}  earnings stats show opposite
01[10:09] {Threei}  I mean salaries and disp[osable income
[10:09] {dino} thought it was 71 % missing
01[10:10] {Threei}  you read too much propaganda, ese :)
[10:10] {ese} lol
[10:10] {nemo} ddd
[10:11] {ese} heres one...BloombergFifty-four companies in the S&P 500 are scheduled to release results today. Earnings at about 71 percent of the index’s companies beat analysts’ estimates, according to data compiled by Bloomberg.
01[10:11] {Threei}  with estimates revised down in 90%
01[10:11] {Threei}  shrug
[10:11] {dino} spr hl l .76
[10:11] {ese} opps...caveatThird-quarter sales missed forecasts at 61 percent of companies, the data showed.
[10:12] {nemo} oops...just ate the sticker on the apple
[10:12] {ese} depends on how you want o look at it
[10:12] {ese} lol
[10:12] {Will49} revenue forecasts lower =big trouble ahead
[10:13] {Will49} businesses have no meat to cut now
[10:13] {Will49} so profits will follow on down
[10:14] {ese} too many people in the financial mrkts are into the " the sky is falling the sky is falling" syndrome........was suppose to be the end of the financial markets back in 07/08/09
01[10:14] {Threei}  don't confuse market and economy
[10:14] {ese} wtf.......were still here.........things will work itself out eventually
01[10:15] {Threei}  market goes up for two years with economy in the tank
[10:15] {Will49} hang onto that positive outlook E
01[10:15] {Threei}  why is that do you think?
[10:15] {ese} i will die of old age....so will you.........relax......make some money
[10:15] {Les} cause you are all such great hard working people of course Vad
[10:16] {Will49} safer to be skeptical
06[10:16] * nemo smacks Les with a nail encrusted 2x4 laced with ricin
[10:16] {ese} lol
[10:16] {Les} ouch
01[10:16] {Threei}  ese... you like numbers, here is one for you:
[10:17] {ese} L btu .48
01[10:17] {Threei}  for the last 4 years economy is being kept afloar (barely) by 1.3 TRILLION government injection annually
01[10:17] {Threei}  to the tune of over 5 TRILLION overall
01[10:17] {Threei}  all of that money is borrowed
01[10:18] {Threei}  tell me what happens when you can't borrow anymore or when interst rates rise
[10:18] {Will49} wait Vad, ese is busy making money
[10:18] {nemo} BOHICA?
[10:18] {Les} Ben will print your way to prosperity
[10:19] {Will49} oh no...two optimists
01[10:19] {Threei} Long Setup:  LVS  .20 break
01[10:19] {Threei}  If holds  .10
[10:19] {ese} that may yet happen but.....and maybe naively..........people are trying to do something about it.........
01[10:19] {Threei}  what people?
01[10:20] {Threei}  and what ar they trying to do?
[10:20] {dino} salvation thru inflation huh ese?
[10:20] {ese} fed/banks/whomever
01[10:20] {Threei}  show me anyone who has any clear plan how to decrease borrowing
01[10:20] {Threei}  you are kidding?
[10:20] {ese} ya gotta figure that there not that stupid and are figuring it out
01[10:20] {Threei}  FED?
01[10:20] {Threei}  seriously?
[10:21] {Les} Vad what the heck you been saying to ese while I was gone?
[10:21] {dino} lulu hl l .24 stop lod break
[10:21] {ese} heres a good solution........we one this board will pool our money and do the bailout ourselves............
[10:21] {nemo} I want the world to collapse
01[10:21] {Threei}  LVS target 1:2
[10:21] {ese} it's atough go here Les.........BUT.........i'm enjoying it
[10:22] {ese} vads been trying to beat some sense into me for a while now.............some days it works some days it doesn't............bottom line....just make some money
[10:23] {ese} a la now out my little 1k position in Btu.......86
01[10:23] {Threei}  have a look at this promise ese: http://www.youtube.com/watch?v=6jJvkkNmR_8
[10:23] {dino} crr?
[10:24] {nemo} that's extended
[10:24] {ese} +.38
01[10:24] {Threei}  decent report dino
01[10:24] {Threei}  that was promise to cut debt in haf by the end of first term
01[10:25] {Threei}  instead debt increased from 10+T to 16+T
[10:25] {dino} out spr .18, +.41
01[10:25] {Threei}  tell me again who is doing what
[10:26] {Will49} negative talk not bothering dino
01[10:26] {Threei}  Swing State Tracking: #Romney 50%, #Obama 46%
[10:26] {dino} obamination vad
01[10:27] {Threei}  SPY sudden drop
[10:27] {dino} lol will, i tune out a lot of noise
01[10:27] {Threei}  I don't see it as negative talk
01[10:27] {Threei}  I see it as simple undeniable reality
[10:27] {Will49} pessimistic then
01[10:28] {Threei}  well, there was a saying in USSR
[10:28] {dino} i agree w/vad. reality is real, not what pols tell you
01[10:28] {Threei}  Optimists study English. Pessimists study Chinese. Realists study AK-47
[10:29] {Will49} lol
[10:29] {Les} crr beautiful
[10:29] {dino} you borrow it les? i couldn't get it
[10:29] {Les} given bankruptcy of that company making ak's Vad, I guess time for new saying
[10:29] {Les} nah dino
01[10:30] {Threei}  what company?
[10:30] {Les} might not be bankruptcy. retrenchment of workers. too many ak-47's in circulation apparently...
[10:31] {Les} http://www.spiegel.de/international/world/russian-kalashnikov-maker-fights-bankruptcy-with-new-weapons-models-a-853915.html
[10:31] {dino} hibb drop
[10:32] {Les} lvs going down here
[10:33] {ese} lol..........ak47.........thats a good one.......haven't heard it phrased quite like that before
[10:35] {dino} markets feel like they want fill open gaps
01[10:36] {Threei} Long Setup:  GLD  .30 break
01[10:36] {Threei}  If holds  .23
[10:37] {dino} lulu stop -.24
01[10:38] {Threei} Short Setup: POT  .55 break
01[10:38] {Threei}  If holds  .60
[10:41] {thomcbell} tcbi
[10:41] {thomcbell} wow
[10:42] {cipher} hibb s .76
01[10:44] {Threei}  no energy in the market today either way
[10:45] {Les} LVS might be ready here
[10:46] {nemo} spy bounce by .32 me thinks
[10:46] {nemo} if not, gap close
[10:46] {cipher} cov hibb .36 +.40
01[10:49] {Threei} Short Setup: FB  23 break
[10:49] {ese} heres one last thought from me today....the financial markets are least of our problems.......yesterday a new student was put into my pre calc math class....shes' from IRAN.....shes just spent a year and a 1/2 in a military militia firing weapons tactical training etc etc this is a lovely young kid...........the mrkts are the least of this planets ........
[10:49] {ese} flipping worries........
[10:49] {ese} when it's doing stuff like that to kids
[10:50] {ese} cya tomorrow
[10:50] {Les} ciao ese
01[10:50] {Threei}  but you still want US to cut dsown military spending :)
[10:50] {Will49} bye E
[10:50] {dino} cya ese
01[10:51] {Threei}  FB, stop for scalpers .06, day traders .11
01[10:51] {Threei}  half out POT
[10:52] {thomcbell} FB holds in rather well
[10:52] {thomcbell} as does lvs
[10:52] {cipher} tna l .13
[10:52] {dino} hibb hl l .50 thinny
[10:53] {cipher} out 1/2 tna .26
[10:54] {cipher} out rest tna .33 +.20
[10:55] {dino} tcbi hl l .45
[10:55] {cipher} aapl l.41
[10:56] {Les} lvs :(
[10:57] {cipher} out 1/2 aapl .82 +.41
[10:58] {thomcbell} gld getting stronger
01[10:59] {Threei}  stop to .06 for everyone on FB
[11:01] {thomcbell} slw decent offer at 38.46
[11:02] {dino} vphm spike
[11:03] {cipher} out rest aapl .70 +.29
[11:04] {cipher} vphm l.87
[11:05] {nemo} NAV
[11:05] {cipher} scaling out vphm .20
[11:05] {dino} tcbi to .68
[11:06] {dino} to .80
[11:06] {Les} is cipher a ghost in your machine Vad?
[11:06] {dino} to .89
01[11:07] {Threei}  he is his own machine, ghost and ATM
[11:07] {dino} out tcbi .95, +1.50
[11:07] {Les} nice vphm catch at R3 support
[11:08] {cipher} out rest vphm .92 +.05
01[11:08] {Threei}  POT looks ready for another leg down
[11:08] {dino} tough crowd
01[11:08] {Threei}  sorry dino, we are a bit numbed down by ese's optimism :)
[11:08] {dino} hibb to b/e
[11:09] {dino} figured cipher would've rode tcbi w/me
[11:09] {cipher} no didn't get in
[11:10] {dino} rode it right to nemos vwap
[11:11] {cipher} s tcbi .12
[11:12] {nemo} aapl numbers tonight
[11:13] {dino} wday drop
[11:14] {dino} out hibb .53, +.03 somethings off
[11:15] {dino} brb
[11:18] {cipher} WDAY L .33
[11:19] {scottie} myl l .90 ?
01[11:19] {Threei}  I doubt market will help this play
[11:19] {scottie} ok
[11:19] {cipher} cov tcbi .14 -.02
01[11:22] {Threei}  good boy FB
01[11:22] {Threei}  half out
01[11:23] {Threei}  and 1/4 more out POT
01[11:23] {Threei}  stop tp .01 FB
[11:24] {nemo} cat
[11:26] {nemo} getting capitulation volume on spy
[11:27] {cipher} wday stopped .06 -.27
[11:27] {dino} wtf hibb, takes me out then pops .50
01[11:29] {Threei}  your call for closing gap is proving accurate, dino
[11:29] {nemo} spy just hit hesterday's close
[11:29] {nemo} somebody is trying to keep this up, look at all that volume
01[11:30] {Threei}  (PT) IMF comments on Portugal; serious downside risks exist to outlook, risks are rising for the bailout program
[11:32] {nemo} thinking tna long above .40
[11:33] {nemo} that should correspond to a break of .10 in spy
[11:33] {nemo} and .75 in FAS
01[11:36] {Threei}  OK, out POT in full
01[11:37] {Threei}  decent gain for 5 cents risk
[11:37] {Will49} tks Vad 1:2
01[11:37] {Threei}  FB is still in play
01[11:37] {Threei}  and has potential
[11:38] {dino} spr hl l .63
[11:38] {dino} stop lod break
[11:39] {Les} so much for swing lows in indexes
01[11:42] {Threei}  who said it was low?
[11:43] {Les} the metals are holding, looking at tech index might need a day more. gotta hold here, unless its a bear trap
[11:47] {cc_8} UPDATE: IMF Says Portugal's Debt Outlook Remains Stable; Says There Are Signs of Adjustment Fatigue in Portugal
[11:47] {cc_8} Microsoft Windows President Sinofsky Speaks at Windows 8 Event; Says Windows 8 is the Best Release of Windows Ever
[11:48] {Les} Nemo, TNA dB?
[11:48] {nemo} looks like it
01[11:50] {Threei}  Les
01[11:50] {Threei}  to make it very simple:
01[11:50] {Threei}  http://goo.gl/CYMbU
[11:50] {nemo} o.k. women and children overboard
[11:51] {dino} spr stop -.20
[11:51] {nemo} iwm .83 WS1 and SPY coming in to strong volume support
[11:52] {nemo} mmmhh,  looks like that was it
[11:53] {Les} ok marked it
[11:53] {Les} damn quick rinse
[11:53] {nemo} financials bottomed just above Monthly pivot
[11:54] {scottie} nfx s 27 ?
01[11:57] {Threei}  worth a try
01[11:57] {Threei}  FB 1:2
[11:57] {scottie} fb +.19 tks Vad
01[11:57] {Threei}  :)
01[11:57] {Threei}  I am covering 1/4
01[11:57] {Threei}  want to try for more with last piece
[11:57] {dino} clgx drop
[11:57] {robbers} out FB, nice call, Vad.
01[11:57] {Threei}  :)
[11:59] {dino} hl l .77 clgx
[12:17] {dino} spr drop
01[12:17] {Threei}  New Best Buy Ceo says 3rd q results will be "significantly" below those of a year ago, revamping operations
[12:18] {dino} cjgx stop -.30
[12:18] {dino} clgx
[12:18] {nemo} mmmmhhh, another drop coming
01[12:19] {Threei}  wow... I am in for a treat... or painful death: http://hvo.wr.usgs.gov/multimedia/
01[12:20] {Threei}  not covering in full at 1:3, just trailing
[12:21] {dino} i'm missing something clgx, bears and raises
[12:22] {dino} beats
[12:22] {Les} I'm guessing you're not gonna get permission to take photos from that distance vad...
01[12:26] {Threei}  probably not
[12:28] {thomcbell} got that nice 15 min hammer on spy with volume around noon Vad
01[12:29] {Threei}  yes
01[12:30] {Threei}  I am not really inclined to switch to longs though
01[12:30] {Threei}  too bad I didn't go for BBY short at .20
[12:34] {dino} spr hl l .10
[12:38] {nemo} spy approaching downtrend line
[12:41] {dino} dtg drop
[12:45] {dino} spr stop is .98, can't figure it out
[12:52] {dino} out spr .20, +.10
[12:56] {dino} dtg drops more
[13:04] {dino} dtg sm l .76 wide
[13:07] {dino} well tht sucked
[13:15] {scottie} kbr l .75 ?
[13:16] {scottie} in .76 stop .69
01[13:22] {Threei}  sorry, fell asleerp
[13:22] {dino} clgx hl l .05 stop lod
01[13:22] {Threei}  this FB can put you in coma
01[13:23] {Threei}  but it works its way through
[13:23] {scottie} np
[13:27] {scottie} half out
[13:28] {scottie} stop .74
[13:33] {nemo} spxu may be in order here
01[13:33] {Threei}  nice scottie
[13:33] {scottie} so far so good
[13:34] {scottie} I know I'm nice
[13:34] {scottie} compared to nemo
[13:34] {nemo} A scorpion is nice compared to me
[13:35] {scottie} out
[13:36] {thomcbell} nov long setup 73.68 break if holding 73.48 half lot
[13:36] {Will49} way to go Scottie
[13:36] {scottie} ty
01[13:38] {Threei}  1:3
[13:40] {thomcbell} if triggers - NOV target is 74.25
[13:40] {thomcbell} vwap roughly
[13:42] {nemo} ahhhh...the old vwap run
[13:42] {nemo} would partial near the whole if it triggers though
[13:43] {nemo} INGR?
01[13:45] {Threei}  repported in the morning
01[13:45] {Threei}  guided higher
01[13:46] {Threei}  need to decide, cover at 1;4 push for 1:5...
[13:46] {nemo} fas 109 level
[13:46] {Les} s1 .62 fb
01[13:48] {Threei}  actually, I have 300 left... will cover 200 and keep 100
01[13:49] {Threei}  1:4 baby
[13:50] {scottie} ccl s .60 ?
01[13:51] {Threei}  I think so
[13:51] {scottie} stop .67 ?
01[13:51] {Threei}  yup
[14:00] {scottie} no
[14:02] {thomcbell} out nov -
[14:02] {thomcbell} doodoo
[14:03] {scottie} ccl still valid Vad ?
01[14:04] {Threei}  IMO, yes
01[14:04] {Threei}  that breakdown looks too good to ignore
[14:05] {scottie} in .59
01[14:06] {Threei}  no support down to .40
01[14:14] {Threei}  FB is a real daymaker
01[14:15] {Threei}  haymaker?
[14:17] {Will49} come on ccl follow the red
01[14:22] {Threei}  nope
[14:22] {scottie} out
[14:22] {Will49} me too:(
[14:24] {nemo} expe gonna' make a vwap run
[14:32] {nemo} pivots are 81.33 iwm and 141.30 spy 65.35 QQQ and XLF 15.88 so...we might not move all that much more
[14:34] {thomcbell} duh nov
01[14:36] {Threei}  Bloomberg � 10-25-12
01[14:36] {Threei}  Ford Motor Co. (F) and Dow Chemical Co. (DOW) joined a growing number of companies firing thousands of workers as sluggish U.S. growth and Europe's deepening recession lead to a persisting slump in sales.
01[14:36] {Threei}  North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.
[14:36] {Will49} white house will love that news NOT
01[14:37] {Threei}  "Companies are saying, �Let's not build up inventories, let's be lean and mean until we know until we have a better idea of what 2013 is going to look like,'" said Janna Sampson, who helps manage more than $3 billion for Oakbrook Investments in Lisle, Illinois. "There is a fear now as companies see that the economic recovery is not picking up."
01[14:37] {Threei}  where is ese
[14:37] {Will49} It's all George Bush's fault
01[14:37] {Threei}  no doubt
[14:37] {Will49} :D
[14:38] {Les} yeh Ford has shuttered its last UK factory
01[14:38] {Threei} Short Setup: CAT  .20 break
01[14:39] {Threei}  actually, let's make it .25 break
01[14:39] {Threei}  aggressive, stop above .30
01[14:39] {Threei}  Invalidated
[14:40] {Will49} yikes
[14:41] {Will49} wierd response based on news
01[14:41] {Threei}  the worse the better
[14:41] {thomcbell} this stuff always makes sense though
01[14:42] {Threei}  less economy recovery, more money injections
01[14:42] {Threei}  what will market respond to faster?
[14:42] {Will49} yeah...forgot that
01[14:42] {Threei}  economy recovery = money coming in in years
[14:42] {Will49} there i was being rational again
01[14:42] {Threei}  monetary injection = money coming in NOW
[14:42] {Will49} dope!
[14:43] {Will49} me not you
[14:50] {Les} I've waited 7 mins and I don't see my monetary injenction yet...
01[14:51] {Threei}  you are not the intended recipient
[14:51] {Les} well that's just not cricket
01[14:52] {Threei}  you are one of those who are supposed to fight for each dollar
[14:53] {Les} well you didn't advertise that on your website when I signed up. I want the easy money
[14:55] {nemo} chkp may be a short
[14:56] {Les} RIG sleeping on the break of 47. A fade if it fails Vad?
01[14:57] {Threei}  yes, kind of H&S
01[14:57] {Threei}  it's socialism for the connected, capitalism for hoi polloi
[14:58] {scottie} clgx s .50 ?
01[14:59] {Threei}  hl, can be jumpy
[14:59] {scottie} ok
[15:01] {nemo} clf looking short
[15:02] {nemo} s .48
01[15:02] {Threei}  RIG 1:1
[15:05] {nemo} looking for .26ish first partial
[15:06] {nemo} yep
[15:06] {Les} nice
[15:06] {nemo} stop to .48
[15:10] {nemo} looking at break .40 for stop
[15:11] {dino} gdi spike
[15:12] {nemo} fat finger?
[15:14] {dino} expecting bids 11/5
[15:14] {dino} mlnx hl l .65
01[15:14] {Threei}  Gardner Denver, Inc. Halted: Circuit breaker: Said to have asked Goldman to solicit bids to acquire the company - financial press- Reminder: In mid August an M&A blog speculated that the company had hired an advisor to evaluate letter from a strategic investor -
01[15:16] {Threei}  1:5!
[15:17] {scottie} Great Vad, too bal I left you at 1:2 lol
[15:17] {scottie} bad
01[15:17] {Threei}  alone... again alone... always alone...
[15:18] {scottie} You're always alone at the top
[15:19] {scottie} mth break of 36 ?
01[15:21] {Threei}  tough call
[15:22] {scottie} tks
01[15:24] {Threei}  http://goo.gl/5o6hV
[15:25] {dino} p drop
[15:26] {dino} halt
[15:26] {thomcbell} Pandora (P) shares halted - volatility pause after dropping on headline from AAPL that is Plan Early 2013 Start for Internet Radio Service
01[15:26] {Threei}  P Halted; circuit breaker; Apple planning to begin internet radio service with major music labels in 2013 (related AAPL SNE 6758.JP
[15:30] {nemo} I'm closing it out here off to the woods
[15:30] {Les} enjoy
01[15:30] {Threei}  shoot something already, will ya
[15:30] {Les} leave bambi alone
[15:30] {nemo} little ones taste better
01[15:30] {Threei}  P open
[15:30] {scottie} If it has only two legs, don't shoot
[15:31] {nemo} I"d rather shoot them
[15:31] {Will49} don't eat anything with a face
[15:31] {nemo} I'm a member of PETA
[15:31] {nemo} People Eating Tasty Animals
[15:31] {Will49} lol
[15:32] {scottie} lol
01[15:32] {Threei}  hehe
01[15:33] {Threei}  I thought you were a stylist for those ad campaigns with half-naked girls
01[15:33] {Threei}  wow P
01[15:33] {Threei}  halted again
01[15:34] {Threei}  idiots with those circuit breakers
[15:35] {scottie} Gotta go see you all tomorrow
01[15:35] {Threei}  take care scottie
[15:35] {Will49} cya scottie
[15:35] {scottie} will
01[15:40] {Threei}  P open again and continues relentless slide
01[15:41] {Threei}  will, admin asked you to check what port you are connecting through with mirc
01[15:41] {Threei}  open it, click Tools - Options
01[15:42] {Threei}  in the left column Connect - Options
01[15:42] {Threei}  and look what is in Default Port
[15:43] {Will49} Well, well..I uninstalled mIRC this morning and have downloaded latest version. Will try to get it up and running this afternoon
[15:43] {Will49} Going to use the instruction on your web page
[15:45] {Will49} full report on your desk by morning :)
01[15:45] {Threei}  lol
01[15:45] {Threei}  do you know what you did wrong last time?
[15:46] {Will49} you kidding?
[15:46] {Will49} I can't remember what I had for breakfast
01[15:46] {Threei}  no, thought you found out with cc_8 help
01[15:46] {Threei}  ah
01[15:46] {Threei}  OK, I can relate
[15:46] {Will49} CC took over and changed everything
[15:46] {Will49} I sat back in admiration
01[15:46] {Threei}  not about breakfast though - I keep it the same for the last 15 years specifically for this purpose
[15:47] {thomcbell} come on Vad - look at NOV
[15:47] {Will49} :)
01[15:47] {Threei}  dinner and supper however is fair game
[15:47] {Will49} have great day everyone!
01[15:47] {Threei}  NOV?
01[15:47] {Threei}  what about it?
[15:48] {thomcbell} my setup got stopped and then next one exploded
01[15:49] {Threei}  missed it completely
[15:49] {thomcbell} oh aapl day low
[15:52] {Les} outta here. thx for all the fish vad
01[15:53] {Threei}  thank you all, have a good evening
01[15:53] {Threei}  see you tomorrow
[15:55] {thomcbell} take care all

Oct 24 2012

Decent day despite FOMC and some software problems. Why does shorting FB deliver so much pleasure, I've no idea... but this 1:3 is the most satisfactory trade, not even speaking of nicely profitable.

Session Time: Wed Oct 24 00:00:00 2012
[09:07] {dino} gm
01[09:10] {Threei}  morning dino
[09:12] {cipher} gm
[09:12] {scottie} good morning
01[09:12] {Threei}  cipher, scottie :)
[09:17] {Beau} good morning
01[09:17] {Threei}  beau :)
[09:18] {nemo} so cipher, how many trades so far in FB?
[09:18] {ese} morning
01[09:19] {Threei}  ese :)
[09:19] {nemo} he's so observant
01[09:19] {Threei}  time to check if FB is shortable for you
[09:20] {nemo} very
[09:21] {ese} this is going to be an easy morning ........am still L btu 28.00.....am up .50 on 1200.....we'll see what happens at the open
01[09:22] {Threei}  nice
[09:22] {Will49} Good Morning
[09:22] {ese} ya after rasied earnings guidance i bought the pull back yesterday...dino style
[09:23] {ese} mornin will
[09:23] {Will49} Hi E
01[09:23] {Threei}  will :)
[09:23] {ese} it's raining in my end of town.......I hear it's sunny in your end
01[09:23] {Threei}  will, do you use firewall?
[09:23] {Will49} Yes
01[09:24] {Threei}  oughtta try mirc with firewall off
[09:24] {Will49} Just windy down here
01[09:24] {Threei}  could be the reason
[09:24] {ese} was just kidding
[09:24] {Will49} I'll try that during noon lull...tks Vad
01[09:24] {Threei}  let's eliminate them one by one
01[09:25] {Threei}  French appeal court sends country's biggest rogue trader, Soci�t� G�n�rale's J�r�me Kerviel, to prison; orders him to pay back $7bn
01[09:25] {Threei}  fat chance for that to be repaid
[09:25] {ese} new microsoft tablet "Surface" getting very good reviews from the wall street journal
01[09:25] {Threei}  what about users
[09:26] {ese} it's coming out........so far only reviewers/ technician's etc
[09:27] {dino} gj ese
[09:27] {ese} tks
[09:29] {ese} ego trip for Mark Zuckerberg I see........earnings up
01[09:31] {Threei} Long Setup:  FB  .=24 break sm
01[09:31] {Threei} Long Setup:  FB  .80 break sm
01[09:31] {Threei}  If holds  .65
01[09:31] {Threei}  1:1
01[09:33] {Threei} Long Setup:  FCX  .45 break hl
01[09:33] {Threei}  If holds  .35
01[09:36] {Threei} Long Setup:  FB  .05 break hl
01[09:36] {Threei}  If holds  .90
01[09:36] {Threei}  Invalidated
01[09:37] {Threei}  no go FCX
01[09:37] {Threei}  Gross: On Nov 7th a Romney victory good 4 stocks/bad 4 bonds. Obama vice versa.
01[09:37] {Threei}  I think he is very wrong about stocks
[09:39] {ese} out btu .54 +.54
[09:39] {Will49} nice
01[09:40] {Threei} Long Setup:  LVS  45 break
01[09:40] {Threei}  If holds  .90
[09:40] {ese} tks...........great work if you can find it
01[09:40] {Threei}  target 1:2
[09:41] {ese} take a look at what i missed though it was up .90 then shot down instantly to .50....ticked me off
[09:41] {ese} couldn't pull the trigger fast enough
01[09:42] {Threei}  SPY is still weak
[09:42] {ese} and getting weaker
[09:43] {dino} 07 red
[09:43] {nemo} watch .75 level for mnst short
[09:44] {cipher} CAT L .23
[09:46] {ese} anyone seen this article in MSNMONEY.....I went Whoa:DDCOHHOGNFLX  US may soon become world's top oil producer October 23, 2012 4:10 PM ET
[09:46] {dino} six hl l .05
01[09:47] {Threei}  I've no doubt it'll happen if Romney wins
[09:47] {cipher} stopped cat .13 -.10
[09:47] {dino} wow six
[09:47] {nemo} mnst hit yesterday's close at .73 and dropped looking for retest and short at failure
[09:47] {dino} out .25, +1.25
[09:47] {dino} opps 1.20
[09:48] {dino} six that was
[09:48] {scottie} wow gj dino
[09:48] {dino} report looks decent, earnings way up rev slight miss
01[09:48] {Threei} Long Setup:  FCX  .10 break
01[09:48] {Threei}  If holds  39
[09:49] {nemo} damn didn't get retest
[09:49] {dino} sm l .15 six
[09:49] {nemo} o.k. looking for bounce ast IWM get's somewhere between .15-.25 and spy somewhere between .45-.55
[09:50] {ese} interesting.........things just jumpin.......toping tails/bottoming tails on the spyders
[09:50] {ese} doesn't know if it's comin or going
[09:50] {cipher} cat l .12
01[09:53] {Threei}  #Ohio: #Obama 48%, #Romney 48%
[09:53] {cipher} stopped cat .00 -.12
[09:54] {dino} out six .99, -.16
[09:54] {dino} six = pulp
[09:55] {cipher} six l .29
01[09:55] {Threei}  FCX looks ready for blastoff
01[09:55] {Threei}  1:2 or more
[09:55] {ese} yup
[09:55] {cipher} tna l .67
[09:55] {dino} six sm l .40
[09:56] {cipher} cat l .08
01[09:57] {Threei}  .15 break should seal the deal
[09:58] {ese} how big a position cipher with cat
01[09:58] {Threei}  1:1
[09:58] {dino} six stop -.30
[09:59] {dino} damn
[10:00] {dino} re-load six sm l .10
[10:01] {dino} out six .65, +.55
[10:01] {ese} wow.....smokes there dino.........nice one
[10:02] {dino} pulp
[10:02] {ese} didn't have the nerve to follow you
[10:02] {dino} lay out on it
01[10:02] {Threei}  scalpers win
[10:03] {cipher} out cat .13 +.05
[10:03] {ese} six still goin
01[10:03] {Threei} Long Setup:  FB  .80 break hl
01[10:04] {Threei}  If holds  .70
01[10:04] {Threei}  Invalidated
[10:05] {dino} six sm l .54
01[10:05] {Threei}  National Daily Tracking: #Romney: 50%, #Obama: 46%
[10:06] {dino} 07 red again
[10:06] {nemo} I'll feel bad for Obama...he'll have to go home to his wife if he loses
[10:06] {dino} out six .97, +.45
01[10:06] {Threei}  wtg
[10:07] {ese} smokin
[10:07] {ese} ya.......wait a minute........what are you smokin dino.........you do this everyday......I wouldn't mind some of that
[10:08] {Will49} you gunslinger dino:)
[10:08] {cipher} SIX going higher imo
[10:09] {Will49} when I grow up I want to be just like you dino
01[10:09] {Threei}  how much more pathetic does it get:
01[10:09] {Threei}  I don't want to lose this election.
01[10:09] {Threei}  Not because of what losing would mean for me -- Michelle and I will be fine no matter what happens.
01[10:09] {Threei}  But because of what it would mean for our country and middle-class families.
[10:09] {Will49} puuuukkkkeeeee
01[10:09] {Threei}  "I am carrying this burden for you"
01[10:09] {Threei} Long Setup:  GLD  .30 break
01[10:10] {Threei}  If holds  .20
[10:10] {ese} lol
[10:10] {cipher} tna l .10
[10:10] {ese} gotta love it.............
01[10:11] {Threei}  continue with these ridiculous romnesia and buyonets, you won't win any single state but California and NY
01[10:12] {Threei}  very small of a guy who got elected on hope and change
[10:12] {ese} it's a different world out there..........no moral standards...no accountability..........
[10:12] {Will49} what a joke
01[10:13] {Threei}  whole campaign is built on attempts to ridicule the contender
[10:13] {ese} just leaves you feeling positive about the planet don't you think
[10:13] {cipher} scalin out of six .21
01[10:13] {Threei}  well... to paraphrase obama, planet will be fine no matter what {G}
01[10:13] {Threei}  it doesn't need us really
[10:14] {cipher} six +.92
01[10:14] {Threei}  wtg
[10:14] {ese} oh.....and by the way.........you all better be making earthquake predictions and get it right or your gonna get charged and chucked in jail
[10:14] {cipher} out last piece of six .52 +1.23
[10:15] {dino} cipher gj
[10:15] {cipher} ty
[10:15] {cipher} thx for heads up on it
01[10:15] {Threei}  yeah, Italy set new standard
[10:15] {ese} whoa....C baby!!!!!
[10:15] {dino} ese and will, just lucky gyus
01[10:15] {Threei}  but when do we get to weathermen?
[10:15] {ese} lol
01[10:16] {Threei}  GLD 1:1
[10:16] {ese} L btu .30
[10:17] {cipher} out tna in full .50 +.40
01[10:17] {Threei}  1:2, out
[10:17] {dino} gj
[10:17] {cipher} thx nemo for heads up
01[10:17] {Threei}  breathing easier
[10:17] {scottie} +.19 tks Vad
01[10:17] {Threei}  :)
[10:18] {Will49} Tks vad .15
[10:18] {cipher} done for the day
[10:18] {cipher} cya tom
[10:18] {cipher} thx for ideas!
01[10:18] {Threei}  lol
01[10:18] {Threei}  take care cipher
[10:19] {dino} cya cipher
[10:21] {dino} eat blood
01[10:23] {Threei}  talking to vampire dino?
[10:23] {dino} symbol
01[10:24] {Threei}  I know :)
[10:24] {dino} eat sm l .85
[10:24] {dino} stop is .65
[10:25] {dino} stop
[10:25] {dino} gap around 28.30
[10:31] {dino} damn, missed eat, gut had it going to high 28s
01[10:33] {Threei}  watching SLW for puillback entry
01[10:37] {Threei}  never gave anything worthy
01[10:38] {Threei}  is it me or quotes are flaky a bit?
[10:38] {goryl} flaky
[10:38] {Will49} yes, charts level 2 out of sinc
[10:38] {Will49} spy
[10:38] {Will49} oops sorry
[10:39] {scottie} Am I the only one having problems with data on Laser this morning^
[10:39] {Will49} me too scottie
[10:39] {scottie} I keep changing servers to get charts and quotes updated correctly
[10:40] {ese} am outta here cya tomorrow
[10:40] {Will49} take it easy ese
[10:40] {ese} tks will
01[10:40] {Threei}  take care ese
01[10:40] {Threei}  same here scottie
01[10:41] {Threei}  at the moment, quotes=2 and charts=3 works
[10:45] {Will49} does changing servers solve the problem
01[10:46] {Threei}  for a while
[10:47] {Will49} for a guy who can't get mIRC going, the last thing I'd try is to change servers:)
01[10:47] {Threei}  lol, it's one click operation
[10:48] {Will49} how?
01[10:48] {Threei}  Quote - Swtich Quote server
[10:49] {Will49} yes, got it
01[10:50] {Threei}  let's wait out until they stabilize things
01[10:50] {Threei}  last thing we want is to open position and get stuck
[10:55] {cc_8} laser is having some issues
[10:55] {cc_8} cant close positions
01[11:00] {Threei}  let us know pls when it's safe to trade again
[11:00] {thomcbell} long setup AIG - 35 break if holding 34.96
01[11:01] {Threei}  will... try that firewall meanwhile?:)
[11:01] {Will49} ok
01[11:01] {Threei}  looks nice tbell
[11:03] {will49} Ok..let's see if firewall was problem
[11:05] {nemo} fcx
[11:08] {thomcbell} aig invalidated....obviously
01[11:08] {Threei}  yup
[11:10] {thomcbell} FB appears will resolve to the pside at some point today
[11:10] {thomcbell} upside
01[11:11] {Threei}  cc_8, any word?
[11:14] {will49} Guess not!
01[11:16] {Threei}  apparently not, will
[11:16] {cc_8} seems like laser stuff is being resolved
[11:16] {cc_8} are u able to log in and close positions will?
[11:20] {scottie} quotes and charts servers still unstable here, CC
[11:23] {Will49} back on Mibbit
[11:24] {Will49} maybe it's Les who's screwing up my chat room settings
[11:24] {Will49} :D
[11:25] {dino} lol
[11:25] {Will49} Vad..are you on shaw cable?
01[11:25] {Threei}  yes
[11:26] {Will49} OK, thought maybe their built-in protection might be suspect
01[11:26] {Threei}  hmmm... they have it?
01[11:26] {Threei}  never looked into that :)
[11:27] {cc_8} oh u meant irc settings not laser
[11:27] {Will49} right
[11:28] {Will49} cc...the mIRC forum suggests that ping issue affects a lot of users but they offer no solutions
01[11:29] {Threei}  will, is it something enabled by default, or you turn it on or off on a client side?
[11:29] {Will49} enabled by default (i think)
[11:30] {Will49} I'll call them later about it
[11:30] {Will49} just like learning to trade, I'll get onto mIRC if it kills me:)
01[11:30] {Threei}  lol
01[11:31] {Threei}  and, what doesn't kill us better start running
[11:31] {Will49} amen
[11:31] {Will49} right nemo?
[11:31] {dino} iaci sm l .74
[11:32] {dino} out iaci .34, +.60
[11:32] {dino} wow a buck too soon
01[11:32] {Threei}  Swing State Tracking: #Romney 50%, #Obama 45%
[11:34] {dino} make that 2 bucks too soon
[11:34] {dino} wow 3 bucks
[11:34] {Will49} what a spread
[11:34] {thomcbell} FB so much for prior theory
[11:38] {scottie} Any news on when it will be back to normal CC
[11:39] {dino} iaci sm l .85
[11:40] {dino} out .25, +.40
[11:44] {dino} sm l .75
[11:45] {dino} out .30,
[11:45] {dino} +.55
[11:46] {dino} asps spike
[11:48] {dino} wow asps
[11:53] {dino} nsm drop
01[11:54] {Threei} Long Setup:  FCX  .20 break
[11:54] {dino} asps crazy
[11:55] {dino} nsm sm l .00
[11:56] {dino} out nsm .34, +.34
01[11:56] {Threei}  wtg
[11:56] {dino} wow way too soon
[11:56] {nemo} l tna here worth a try
[11:56] {dino} stocks are pulp(ing) today
01[11:57] {Threei}  SPY .40 break should give some upward move
01[11:57] {Threei}  we are nearing FOMC time though
[11:57] {nemo} I'm hearing "This is the End" by the Doors
01[11:57] {Threei}  Les, welcome back
[11:57] {Les} like a bad smell...
01[11:58] {Threei}  and no, this is not a quip to nemo's "This is the End"
[11:58] {Les} screw nemo
01[11:58] {Threei}  brave entry
01[11:58] {Threei}  bunny just raised left brow
[11:59] {Les} that relationship is just plain unatural
[11:59] {dino} welcome back les
[11:59] {Les} hi dino
01[12:00] {Threei}  careful Les, that's one scaru bunny: http://goo.gl/XNbGk
[12:01] {Les} like nemo, all bark and no bite
[12:02] {Les} how was morning trades?
01[12:03] {Threei}  back and forth
[12:03] {nemo} Yeah, get within arm's reach
01[12:04] {Threei}  summary of Greece Austerity plan with Troika according to ANA in which it saw �9.2B in cuts for 2013. The Govt would cut 25,000 civil employees and raise the retirement age to 67 from 65. Greece would also reduce pensions by up to 12% and would tax all opap games.
[12:04] {Les} no thanks
[12:05] {dino} awesome les, best morning of the month
01[12:06] {Threei}  yeah, dino and cipher killed it
01[12:06] {Threei}  quotes look stable
[12:06] {Les} will check the log
[12:07] {Les} I notice cipher particularly attuned to TNA and AAPL in recent trading
01[12:07] {Threei}  he is like indiscriminate freshman that will copulate with anything that moves
01[12:08] {Threei}  I for one don't see why restrain myself that strictly
[12:08] {Will49} lol
[12:09] {dino} roflol
[12:09] {robbers} LOL!
[12:09] {Les} lol
[12:09] {dino} have to say, cipher can day trade
[12:09] {robbers} Why not, even inanimate objects.
01[12:11] {Threei} Long Setup:  SLW  .80 break
01[12:11] {Threei}  If holds  .10
01[12:11] {Threei}  .70
[12:13] {scottie} Still have problems with data, won t enter any trades at the moment
[12:13] {Will49} me too
[12:14] {Will49} Laser has me locked out of trades
01[12:14] {Threei}  looks OK here for the last 15 min or so
[12:14] {scottie} I keep changing servers every few minutes
[12:15] {Will49} think I'll watch
01[12:23] {Threei}  not much to watch really
[12:26] {dino}  back in hour or so
[12:32] {Beau} FCX still valid?
01[12:32] {Threei}  let's do hl
01[12:33] {Threei}  chart is right, time and proximity to fomc is not very encouraging
01[12:33] {Threei}  so, compromise
[12:35] {thomcbell} what is hl?
01[12:36] {Threei}  half lot
[12:36] {thomcbell} ah!
[12:44] {Les} .20/.10 was the setup?
01[12:44] {Threei}  right
01[12:50] {Threei}  come on, even 10 cents is too much to ask?
01[12:51] {Threei}  maybe we should have gone for thriple lot and 5 cents scalp, lol
01[12:52] {Threei}  or 8
01[12:52] {Threei}  you know what... I am out .28
01[12:52] {Threei}  too shaky
01[12:53] {Threei}  nemo might be right about that Dec 22 thingy, and I might be going right into lion's mouth... Kilauea went active, with lava flowing and earth shsking
[12:55] {nemo} we'll throw you in as a sacrifice
01[12:55] {Threei}  Pele will appreciate it
[12:56] {nemo} thought he played Soccer ;-)
01[12:56] {Threei}  sigh... mortals and their sports...
01[12:57] {Threei}  anyone took FCX?
[12:57] {Les} mind you, don't count on a volcanologist to give you a heads up before it erupts. Might land them in court.
01[12:57] {Threei}  right
01[12:58] {Threei}  still, Chain of Craters road is a highlight I looking forward to the most
01[12:59] {Threei}  striking memory of last trip, and lava flow of 2004 changed some things
[12:59] {Beau} took it. bailed at .26 for .05
01[12:59] {Threei}  yeah, can't blame you
[12:59] {Will49} just watched it like a good newbie
01[12:59] {Threei}  1:1
[12:59] {Beau} and the lava flow is something to see. At night, fantastic
01[13:00] {Threei}  unfortunately night viewing won't be in the cards I think
01[13:00] {Threei}  staying on Kona side, and don't wqant to remain overnight in volcano zone
01[13:01] {Threei}  but night snorkeling with manta rays should be consoling enough
[13:02] {Beau} could be if you avoid their spikes
01[13:03] {Threei}  and if not, nemo will run the show {G}
[13:03] {Beau} mixed up with sting rays
[13:15] {nemo} I think I'll be away killing things that week
01[13:19] {Threei}  looking at SLW... see inverted C&H from 11:50 to 12:43?
01[13:20] {Threei}  should have bought .65 as fade
01[13:20] {Threei}  missed opportunity
01[13:21] {Threei}  "surprise" video by Trump: http://www.youtube.com/watch?v=MgOq9pBkY0I&feature=youtu.be&hd=1
[13:23] {Les} god vad, r we suppose to listen to that...?
01[13:24] {Threei}  turn sound off
01[13:24] {Threei}  and try to read lips
[13:24] {Les} hehehe that birth certificate crap ain't finished?
01[13:24] {Threei}  that's not birth ceificate
[13:25] {thomcbell} aig trying again
[13:25] {thomcbell} setup arguably better
[13:25] {thomcbell} not doing it
[13:26] {Les} college record?
[13:26] {scottie} Watching BMY for C&H
[13:26] {Les} is he suspected KGB mole?
01[13:26] {Threei}  yes
[13:27] {scottie} Vad would you enter at .00 or .05
01[13:28] {Threei}  .00 but with SPY showing some ehtusiasm
[13:31] {scottie} Laser frozen again
[13:31] {Will49} yes
01[13:36] {Threei}  hmm
01[13:36] {Threei}  looks OK here
[13:36] {Will49} it'sa a coma da go here
[13:42] {scottie} working again, but very unstable, I still need to change quote servers from times to times, don{t wanna take any chances, will stop trading for the rest of the day
[13:42] {Les} what news FB for this liftoff?
01[13:43] {Threei}  beat earnings
[13:59] {dino} .
01[14:00] {Threei} Short Setup: FB  .50 break
01[14:00] {Threei}  If holds  .60
[14:00] {nemo} right before FOMC?
01[14:01] {Threei}  I recon it won't trigger if market reacts positively, and will work if negatively
[14:01] {dino} nsm hl l .10
01[14:01] {Threei}  reckon too
01[14:02] {Threei}  wow FCX
[14:03] {dino} ocn spike
[14:06] {dino} out nsm 30.19, +1.09
01[14:06] {Threei}  wtg
[14:06] {Will49} just to be clear...do we go s FB before announcement?
[14:06] {dino} ocn won bid over nsm for rescap
01[14:06] {Threei}  kind of depends on degree of adventurousness
01[14:07] {Threei}  small shares?
[14:07] {Will49} oh..thanks a lot:/
[14:07] {Will49} kidding Vad
[14:07] {dino} ocn hl s .97
[14:08] {dino} too soon cov .11 -.14
[14:09] {scottie} bmy would have worked :(
[14:09] {dino} ocn hl s .40
[14:10] {dino} cov ocn .00, +.40
01[14:15] {Threei}  what up market
01[14:16] {Threei}  *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): CONTINUE TO PURCHASE MBS AT $40/MONTH UNTIL LABOR MARKET IMPROVES SUBSTANTIALLY- Vote 11-1 (Jeffrey M. Lacker dissents; opposing additional asset purchases) - Reiterates expectation for rates to remain exceptionally low until at least 2015
01[14:17] {Threei}  nice drop
01[14:17] {Threei}  FB better follow
[14:19] {nemo} look at this shit
[14:20] {Les} wash wash wash
[14:22] {dino} nsm hl l .00
[14:23] {dino} out nsm .28, +.28
[14:23] {scottie} Doc appointment, see you all tomorrow
[14:24] {dino} cya
[14:24] {scottie} dino
[14:24] {nemo} guess that depends on what the doctor has to say
[14:24] {Will49} see ya scottie
[14:24] {nemo} nemo{=asshole
[14:24] {scottie} and how long he gives me, lol
01[14:24] {Threei}  take care scottie
[14:24] {scottie} will
[14:24] {scottie} Vad
[14:24] {Will49} don't say goodby to nemo
[14:25] {scottie} Of course not
06[14:28] * nemo takes out his Scottie voodoo doll
06[14:30] * Threei hits FB over the head with 2x4 encrusted with rusty nails and sprinkled with ricin borrowed from nemo
[14:30] {nemo} consider it a gift
01[14:30] {Threei}  ty
[14:30] {nemo} np
[14:31] {nemo} better you to have it in your possession when the cops come
01[14:31] {Threei}  as long as wife doesn't find it - temptation may prove too strong
01[14:32] {Threei}  1:1
[14:32] {nemo} to kill you, or herself to get away from you
[14:34] {dino} iaci hl l .00
01[14:37] {Threei}  1:2
[14:37] {Les} sweet
01[14:37] {Threei}  1:3, over and out
[14:38] {Will49} you had faith Vad
01[14:38] {Threei}  I knew one day I would profit from facebook... if not by using it, then by trading it
01[14:38] {Threei}  not relly, just played it by the book without much thinking
01[14:39] {Threei}  kind of let it do its thing and let chips fall as they may
[14:47] {dino} 07 red
[14:52] {nemo} mnst two way
[14:52] {nemo} break above .60 or below .50
01[14:57] {Threei}  wow, FB had more in it
[15:00] {Les} BB's 15 min indicating it was likely so
[15:00] {Les} still, beautiful waterfall earlier
01[15:00] {Threei}  "cascade"
06[15:00] * Threei slants at nemo
[15:01] {dino} iaci stop -.30
[15:02] {Les} whatever
[15:06] {Les} TNA nemo?
01[15:09] {Threei}  can I have my FB back??
01[15:09] {Threei} Short Setup: FCX  .05 break
01[15:09] {Threei}  If holds  .10
01[15:10] {Threei}  aggressive for 39
[15:12] {dino} iaci hl l .30
[15:13] {dino} stop is .14
[15:15] {dino} nsm hl l .75
01[15:16] {Threei}  ok FCX, let's cascade
[15:17] {dino} out iaci .55, +.25
[15:18] {Beau} nice
01[15:18] {Threei}  half out
[15:18] {dino} ty beau
01[15:18] {Threei}  not bad for such measly risk
[15:20] {Les} fib support .92
[15:20] {dino} out nsm .99, +.24
01[15:21] {Threei}  top to .01
[15:21] {Beau} buys a cup of coffee and maybe a donut, dino?
01[15:21] {Threei}  top = stop
[15:26] {dino} lol beau, at hl a bit more than that
[15:27] {dino} crr drop
[15:27] {Beau} ok, two donuts.
[15:27] {dino} in ne pa, a few dozen
[15:28] {Beau} lucky you
[15:29] {Les} vad, u using laser or fusion?
01[15:29] {Threei}  laser
[15:30] {Les} charles asking me
01[15:38] {Threei}  he is asking you what I use?
01[15:38] {Threei}  one of three of us needs to get sober...
[15:38] {Les} nah offering me a choice
[15:39] {Les} will try new platform
01[15:39] {Threei}  make him guess
[15:39] {Les} fusion
01[15:39] {Threei}  don't make it easy for him
[15:42] {Les} fcx at 2nd target. took a quarter at .88 on positive histogram crossover
01[15:42] {Threei} Short Setup: GLD  165 break
01[15:42] {Threei}  hl
01[15:42] {Threei}  If holds  .10
01[15:46] {Threei}  1:1
01[15:57] {Threei}  OK, not quite 1:2 but time is tunning out
01[15:57] {Threei}  out .87
[15:57] {Will49} tks Vad....interesting day:)
01[15:57] {Threei}  decent day after all
01[15:57] {Threei}  thank you all, have a good evening
01[15:57] {Threei}  see you tomorrow
[15:57] {Les} cheers much enjoyed
01[15:57] {Threei}  :)
[15:59] {dino} thx all for ideas. very good day. gn