Oct 16 2013

Decent day with profitable balance, even though couple trades rinsed us. Overall though, headline risk diminished greatly

Session Time: Wed Oct 16 00:00:00 2013
[08:37] {nemo} In honor of the ongoing debt ceiling debate:  There's light at the end of the tunnel...Let's hope it's not an oncoming train!  ;-)
01[08:54] {&Threei}  well... it is
[08:54] {nemo} yeah
[08:56] {nemo} when this thing is finally resolved we're gonna' have a huge untradeable move, probably north
01[08:56] {&Threei}  except for PMs
[08:56] {nemo} yeah
[09:07] {drewj} gm
01[09:08] {&Threei}  drew :)
[09:09] {drewj} hey
[09:09] {drewj} i was reading your book last night and i have a question when you have time...
01[09:09] {&Threei}  dhoot
01[09:10] {&Threei}  d=s
[09:10] {drewj} what do you mean when you say you buy with the buyers and sell with the buyers?
01[09:10] {&Threei}  buy when stock turns uo, sell before it turns down
[09:11] {dino} gm
01[09:11] {&Threei}  in othert words, sell when you can, not when you have to
01[09:11] {&Threei}  dino :)
[09:11] {drewj} hey dino
[09:12] {drewj} that's how you stick to taking part of a move then...right?
01[09:12] {&Threei}  pretty much
[09:12] {drewj} makes sense...gracias
01[09:12] {&Threei}  market history is full of people who got the move right, and lost money
[09:12] {nemo} same thing can be said about divorce
01[09:12] {&Threei}  simply because they stuck around for too long
01[09:13] {&Threei}  see oil a few years ago
01[09:13] {&Threei}  see gold for the last couple years
[09:13] {nemo} or idiots in gmcr right now
01[09:13] {&Threei}  see tech boom in 2000
01[09:13] {&Threei}  and drilling deeper in history, see tulip mania :)
[09:13] {drewj} so it's just taking pieces of the pie instead of getting greedy
[09:14] {dino} gm drew, 3i
[09:14] {nemo} or do it the government way and steal it from the citizenry
[09:14] {drewj} ty
[09:14] {nemo} looks like a 171 test on the spy
[09:16] {Will49} gm
01[09:16] {&Threei}  will :)
[09:17] {drewj} hey will
[09:18] {Will49} yo drew
[09:18] {Will49} iobot really cleaned things up for me
[09:18] {Will49} took about two hours
[09:19] {drewj} now how's it running?
[09:19] {Will49} i think my laptop even had a venereal disease :)
[09:19] {RonS} good morning everyone...
[09:19] {Will49} a lot quicker
01[09:20] {&Threei}  ron :)
[09:20] {drewj} there's more  you can do but we should talk on another channel so we don't anger cc...:)\
[09:20] {Will49} hey ron
[09:20] {Will49} good idea drew
[09:20] {RonS} aap nuts...2 mil shares short...
[09:21] {RonS} regn...buy any dips...
[09:21] {drewj} for now just clean it once a week...especially if you use the internet
[09:21] {Will49} ok tks drew
[09:23] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:24] {+cc_9} Mornin'
01[09:25] {&Threei}  cc9 :)
[09:29] {ese} gm
01[09:29] {&Threei}  ese :)
[09:29] {+cc_9} VISN this thing is a beast...
[09:30] {dino} rcpt sm s .69
[09:32] {+cc_9} VISN whoa
01[09:34] {&Threei} Short Setup: GDX  .55 break
01[09:34] {&Threei}  If holds  .65
[09:35] {+cc_9} SWK plunging
[09:36] {dino} lowered guidance
[09:36] {+cc_9} IVZ continuing yesterday's death
[09:36] {dino} gap around 75 swk
01[09:37] {&Threei}  1:1
[09:40] {nemo} aap
01[09:40] {&Threei}  1:2
01[09:42] {&Threei}  {GDX} Will, I heard you have laptop troubles, so I decided to move slowly, not to overtax your technical resources
[09:42] {Les} gm
01[09:42] {&Threei}  les :)
[09:42] {Will49} what a guy :)
[09:42] {drewj} c breakout?
01[09:42] {&Threei}  well, it was so proud to be designated as our Fur Boots sing
[09:43] {Will49} you also likely heard that I'd love a couple of 1:3 to start
01[09:43] {&Threei}  chart is right drew, but SPY retreats
01[09:43] {&Threei}  I'll skip it
[09:43] {drewj} ok
[09:43] {drewj} i actually saw that too
[09:44] {Will49} vad...tks to drew (and nemo) laptop is much better today
01[09:44] {&Threei}  in many cases I actually like this combination as it may work as a sign of nice relative strength
[09:44] {drewj} you mean for trades later in the day?
01[09:44] {&Threei}  but C can be unusually treacherous sometimes
01[09:45] {&Threei}  I saw that will, that's nice program drew showed
[09:45] {Will49} gonna load it on my pc back home also
01[09:45] {&Threei}  see how C moved both up and down with no rhyme or rhythm
[09:45] {drewj} the paid version is better and i think that it supports up to 3 pc's
[09:45] {drewj} for $20
[09:45] {drewj} lifetime subscription too
[09:46] {Will49} good deal
[09:46] {drewj} cat breakdown?
01[09:47] {&Threei} Long Setup:  ABX  .70 break
01[09:47] {&Threei}  If holds  .60
[09:47] {+cc_9} Talk about leaving money on the table...http://img266.imageshack.us/img266/9969/mwfn.jpg
[09:48] {Les} hehe shit ourselves did we cc?
[09:50] {nemo} condition you know well Les?
[09:51] {dino} cov rcpt .89, +.80
[09:51] {Les} someone say something?
[09:51] {Will49} f off les
[09:51] {Les} :)
[09:51] {Will49} how's that?
[09:52] {Les} not bad for a geriatric
[09:52] {Will49} lol
[09:52] {nemo} this market wants up so badly, when they settle this thing it's gonna' be a rocket ride higher
[09:53] {dino} or a big sell the news
[09:53] {nemo} no, that's what will be expected
[09:53] {nemo} this should push spy to new all time highs
01[09:54] {&Threei}  no go
[09:56] {+cc_9} DUST $41.00 ugh
[09:57] {RonS} hearing... zerohedge tweet just said Boehner caves in,  said to agree with Senate plan.
[09:58] {+cc_9} of course he is going to
[09:58] {nemo} but does he have the votes
[09:58] {+cc_9} he caved for his daughter marrying bob marley's long lost nephew
01[09:58] {&Threei}  (US) House to reportedly consider voting on Senate debt ceiling/funding bill before the Senate votes in order to expedite the bill - Politico.com- Politico notes that if the House passes the bill first and sends it to the upper chamber, it would eliminate some burdensome procedural hurdles in the Senate and require just one procedural roll call with a 60-vote threshold needed to advance the bill toward final passage in the Senate. - Follow up: Senate negotiators are said to be very close to announcing a deal, according to aides. - Congressional aide confirms Senate and House leaders are talking about ways to expedite passage of the bill, Boehner to allow vote in House to pass with Democratic votes.
[09:59] {+cc_9} SWK coming back some
[10:05] {dino} out leftovers z from thursday, 82.90, +3.90
[10:06] {Will49} cheater:)
[10:06] {dino} lol
[10:10] {dino} inv hl l .75 stop lod
01[10:10] {&Threei} Short Setup: SLW  .90 break
01[10:11] {&Threei}  If holds  22
[10:11] {RonS} dino ???
[10:12] {Les} SDS 35 break is interesting
[10:12] {dino} ron?
[10:12] {RonS} inv?
[10:13] {nemo} just short sso
[10:13] {dino} opps ivz sorry
[10:13] {dino} wow, way off on that
[10:23] {dino} fang sm s .32
01[10:28] {&Threei} Long Setup:  C  .20 break
01[10:28] {&Threei}  If holds  .10
[10:28] {dino} cov fang .60 -.28
[10:29] {Alexs} and pray for good news
01[10:31] {&Threei}  or no news
01[10:31] {&Threei}  either would work
[10:32] {Alexs} today no news impossible
01[10:32] {&Threei}  well, for the duration of the trade
[10:32] {Alexs} lol
[10:33] {Alexs} ok Boehner is ready
[10:33] {dino} elli sm l .30
[10:35] {nemo} aap setting up for bounce here
[10:39] {Alexs} what about .10 entry?
[10:39] {dino} elli struggling, stop is b \ lod
01[10:39] {&Threei}  yup
01[10:39] {&Threei}  change to .10 break
01[10:39] {&Threei}  If holds  .05
[10:43] {dino} ivz to b/e
[10:44] {Alexs} oh no
[10:47] {dino} out ivz .99, +.24
01[10:50] {&Threei}  Senate deal about to be announced, sources say
[10:50] {dino} elli stop -.08
01[10:50] {&Threei}  Bipartisan deal in hand to reopen government, avoid default, Republican senator says
01[10:51] {&Threei} Short Setup: GLD  .70 break
01[10:51] {&Threei}  If holds  .80
[10:53] {dino} wtf elli
[10:54] {RonS} Tom Caughlin?
[10:54] {Alexs} stop still .81?
[10:54] {RonS} ...saying that regularly...
01[10:55] {&Threei}  .76
[10:55] {dino} takes me ou at .23, runs to .80s
[10:55] {Alexs} k
[10:55] {Les} inverted cup and handle slw
[10:56] {dino} fang rinsed also
01[10:57] {&Threei}  1:1
[10:58] {RonS} ya, i sold you your cover at .60 and held...want .10...
[10:59] {dino} you sob, :)
[10:59] {RonS} got shook out of elli like you, if that makes you feel better :)
[11:00] {dino} that was a f job, figured break lod and go to high .60s below for re-load, no go
01[11:00] {&Threei}  frikin GLD, reversed 2 cents from 1:2
01[11:02] {&Threei}  C... sheesh
[11:02] {Alexs} bby
01[11:09] {&Threei} Short Setup: C  .40 break
01[11:09] {&Threei}  If holds  .45
[11:10] {RonS} elli tackled...
[11:11] {nemo} spy likely has to get to .21 before a C short possible
01[11:12] {&Threei}  1:1
[11:15] {nemo} 1:2
01[11:15] {&Threei}  ?
01[11:15] {&Threei}  not yet
[11:15] {nemo} .05 stop
01[11:15] {&Threei}  then 1:3
[11:15] {nemo} hell, you're 1:3
[11:15] {Alexs} lol
01[11:16] {&Threei}  we agreed to count r/r in 10 cents even when stop is 5
01[11:16] {&Threei}  since we rarely if ever take 5 cent profits
[11:16] {Les} sounds like a wall st accounting gimmick to me
01[11:16] {&Threei}  and to keep it uniform...
01[11:16] {&Threei}  imagine:
[11:17] {nemo} so youdon't have to think....I understand
01[11:17] {&Threei}  1:1 but since it's 5 cents stop we don't take profit here
01[11:17] {&Threei}  1:2
01[11:17] {&Threei}  actually, the opther way around Les
01[11:17] {&Threei}  stats would have looked way better if I counted r/rs from 5 cent stops point of view
[11:18] {Les} I don't wanna think and this is hurting my head...
01[11:18] {&Threei}  so I adopt this way for trading correctness sake while sacrificing PR
01[11:18] {&Threei}  right now I would be announcing 1:4 if not for that
[11:20] {Les} watching SDS for DB
[11:22] {RonS} mr fat chance?
[11:22] {Will49} lol ron
[11:24] {Alexs} makes sense to trail to .21?
[11:24] {dino} wait for it.... out bofi from thursday, 69.75, +5.25
[11:25] {Will49} aw come on dino
01[11:25] {&Threei}  .25...
06[11:25] * Les slaps dino around with a huge roll of cash
[11:25] {dino} i know, cheating
[11:26] {dino} if it makes you feel better ot was only 300 sh
[11:26] {Will49} buy a lottery ticket today
[11:26] {dino} elli sm l .15
[11:26] {Will49} makes me feel good when you do good
[11:26] {dino} thx
[11:26] {Will49} you're my hero :)
[11:27] {Will49} after Vad, that is
[11:27] {Will49} i know....brown noser
01[11:27] {&Threei}  to .21 now
[11:40] {+cc_9} SWK creeping up
[11:40] {RonS} racheting?
[11:44] {Les} c JBE
[11:48] {Les} great entry on ELLI dino
[11:48] {Les} wanted over .20 but a bit spready and jumped fast
[11:49] {Alexs} what's your target SWK cc?
[11:49] {+cc_9} Need it first over $78 before anything
[11:50] {+cc_9} if stays sideways, algos will keep it flat on spread trading till the bell
[11:50] {Alexs} ok thanks
[11:51] {dino} out elli .68, +.53
[11:52] {dino} thx ron for heads up on it 11:11
[11:52] {RonS} np
[11:56] {Alexs} c forming c&h
[11:59] {RonS} lulu
[12:00] {dino} lulu drop
[12:03] {dino} missed, was waiting 73.02
[12:04] {Les} vad IVZ short .70?
01[12:05] {&Threei}  nah
[12:05] {Les} sorry BBY
01[12:05] {&Threei}  .80. maybe
[12:05] {Les} wrong ticker
01[12:05] {&Threei}  yup, this one looks nice
[12:05] {Les} BBY short .70
[12:05] {+cc_9} LULU nice alert.
[12:07] {Les} nasty one to play with though cc .70 cent candles
[12:07] {Will49} Vad..clarify call on BBY please
[12:09] {+cc_9} no such thing as nasty  Les
[12:09] {+cc_9} LULU has a pattern of recovering on any intraday sell-off
[12:09] {+cc_9} its back near 75 now
01[12:09] {&Threei} Short Setup: BBY  .70 break
01[12:10] {&Threei}  If holds  .80
[12:10] {Will49} tks
[12:13] {Les} lulu coming down for a second go
[12:13] {dino} oils rockin
[12:17] {+cc_9} SWK there she goes!
[12:18] {+cc_9} Alexs, keep on radar
[12:18] {Alexs} thanks cc
01[12:20] {&Threei}  stop to .76
[12:21] {Les} lulu looking like its getting dumped
[12:21] {Will49} DB Vad?
01[12:21] {&Threei}  shouldn't be
[12:21] {Will49} why the drop in stop?
[12:21] {+cc_9} SWK clearing .30 bid here
[12:22] {dino} amx spike
01[12:22] {&Threei}  topped round .70 on the bounce and revisited the low...
[12:22] {Will49} aha
[12:22] {Will49} tks
[12:22] {dino} amx sm s .16
01[12:23] {&Threei}  let's over half
01[12:23] {&Threei}  too much hesitance near 1:1
[12:23] {RonS} AMX withdrawing offer for KPN
01[12:23] {&Threei}  don't want to miss the cover and then bitch about 1 cent
01[12:23] {&Threei}  over = cover
[12:23] {Les} especially as it is my first setup since returning
[12:24] {Les} need some good vibes
01[12:24] {&Threei}  gernuine 1:1 now
[12:24] {dino} thx ron
[12:24] {Les} Danny got me up and running on DAS
01[12:24] {&Threei}  -r
01[12:24] {&Threei}  here come good vibes
01[12:24] {&Threei}  *(US) SENATE LEADERS CONFIRM BIPARTISAN PLAN ON REOPENING GOVT AND DEBT LIMIT EXTENSIONProvisions include: - Funding govt through Jan 15 - Debt limit extension through Feb 7 - Negotiations on a longer term debt reduction agreement to be reached by mid-December. Sen Murray and Rep Ryan to lead the budget conference committee. - Agreement does not limit Treasury authority to use extraordinary measures to extend debt limit [which would allow Treasury to extend debt deadline through March 2014]. - Senate Minority Leader McConnell (R-KY): Confident that govt will be reopened, spending issues to be addressed. Republicans will continue to try to overturn Obamacare, claims Obamacare is 'ravaging the country'. - Separately, Republican Senators say they do not expect Senator Cruz to hold up passage of the deal in the Senate.
[12:24] {Les} hehehe
[12:25] {Les} DIE!!!!!!!
[12:25] {dino} amx cov .12, +.02
01[12:26] {&Threei}  (CA) Canada PM Harper office under evacuation by the police as a result of a suspicious package- Canada press- Suspect is in custody
[12:26] {RonS} Sen. Ted Cruz, R-Texas, says he won't block a vote in Senate to end debt ceiling crisis - @CNNPolitics
[12:26] {Les} you sending meatloaf in the mail again vad?
[12:27] {Les} russian sausage?
[12:27] {Alexs} so where is the rally?
[12:27] {Alexs} looks like market doesn't care
[12:27] {RonS} spy up 22 and Alex wonders where is rally?
[12:28] {dino} reload amx sm s .44
[12:28] {RonS} spx...
01[12:29] {&Threei}  1:2
[12:29] {Les} yeh baby
[12:30] {dino} 07 red
[12:30] {Les} guess wall st needed 5 mins to put down their buritos
[12:32] {dino} cov amx .04, +.40
[12:34] {Will49} nice 1:2 vad
[12:34] {Les} out ty
01[12:34] {&Threei}  :)
[12:34] {Will49} managed to catch the .50 right on
[12:36] {Les} thought about it Will but wanna stretch out the r/r something failed to do last time
[12:36] {Will49} yeah...i feel a little guilty exiting too
[12:37] {Will49} not going by our rules
[12:38] {Will49} but then again.....
[12:38] {Will49} evn the master pinched the 1:1 by a cent
[12:38] {Will49} even
[12:38] {Les} :)
[12:39] {Will49} Vad nervous=me nervous
[12:39] {Will49} someday i'll get nervous on my own
[12:40] {dino} lol
[12:46] {nemo} aap lookin gshort
01[12:49] {&Threei}  lol
01[13:03] {&Threei}  "Creditworthiness is like virginity, It can be preserved but not restored very easily." - Buffett
[13:03] {Will49} LOL
[13:03] {Will49} not funny, i guess
06[13:09] * Les slaps Warren Buffet around with a packet of condoms
[13:09] {Les} sds cup and handle breakout
[13:12] {nemo} spy just testing vwap for first time, not yet
[13:13] {nemo} finnies haven't tested it
[13:13] {Les} yeh stright into vwap sds
[13:13] {nemo} if it resists .80 then things getting interesting for short
[13:21] {Les} outta here a+
[13:24] {dino} rcpt spike
[13:29] {dino} ugh! partial fill rcpt s .74
[13:46] {dino} stop rcpt .97 -.23
[13:47] {drewj} dino how do you find these stocks?  Are you using vad's scanner?
[13:47] {dino} not vads, my own scanners
[13:48] {drewj} would you mind telling me what they are?
[13:48] {dino} 07 is a constantly moving 20 stocks, each must move by .07 to show
[13:48] {dino} others top 25% movers up/down for today and afterhours
[13:49] {drewj} i understand the second thing you said but what about 07 and 20?
[13:49] {dino} on the .07, it must be new daily hi or low, if hits multiple times, its pulp
[13:49] {drewj} what site or platform do you use for this?
[13:50] {dino} now that you know, i must kill you
[13:50] {drewj} oh boy
[13:50] {drewj} take it easy goose
[13:50] {dino} its in my trading platform, i just adjusted it to suit my "edge"
[13:51] {drewj} what platform do you use?
[13:51] {dino} ron and cipher must use somthing similar, they post some of the same stuff my scanners kicking out
[13:52] {dino} street smart edge
01[13:52] {&Threei}  any scanner showing large moves will spit those out
[13:53] {RonS} use madscan here...
[13:54] {dino} rinsed rcpt
[13:59] {dino} rcpt sm s .55
01[13:59] {&Threei}  beige book
01[13:59] {&Threei}  usual bs
01[14:00] {&Threei}  *(US) FED'S BEIGE BOOK: ECONOMY GREW AT MODEST TO MODERATE PACE IN MOST DISTRICTS
01[14:00] {&Threei}  (US) House Republican caucus to meet at 1500ET; Senate vote to come after 17:00ET, House expected to vote later tonight - CNBC- Rep Lankford (R-OK): The deal is expected to pass the House - CNBC - Follow up: Senate aides indicate House and Senate will pass the deal later today, allowing President Obama to sign it into law before the Oct 17th deadline. - Indicates bill will include back pay for Federal workers. - Follow up 13:35ET: House to allow Senate to vote first on the debt agreement - House Minority Leader Pelosi: Would have liked to see debt celing lifted beyond February; hopeful bill can be in the House this evening - Senate Vote expected at around 1700ET; House vote later in the evening.
[14:01] {dino} paid vacations for fed workers, sheesh
[14:02] {nemo} The Dems are going to be able to put through any legislation they want now.  Republicans have castrated themselves
[14:02] {RonS} ...they were on vacation anyway so double pay?
01[14:04] {&Threei}  this will teach those repubs how to defund the government. Not only they haven't saved any money, they also allowed fed workers to have nice couple weeks off, with full pay
01[14:04] {&Threei}  spineless clueless bunch...
[14:04] {dino} grmn spike
[14:05] {Alexs} they got just one thing all democratic congress next year
[14:06] {nemo} that means FTT and an end to day trading
[14:06] {RonS} FTT?
[14:06] {dino} ?
01[14:06] {&Threei}  I doubt that
[14:06] {nemo} Financial Transaction Tax
[14:06] {dino} no way
[14:06] {nemo} yep
01[14:07] {&Threei}  there is appetite for that only in extreme fringe left
[14:07] {nemo} Europe is doing it
[14:07] {RonS} ...only if Congress exempted
[14:07] {dino} better chance jets winning superbowl
[14:07] {nemo} no my guy here from Southie all for it
01[14:07] {&Threei}  Europe is regretting it
[14:07] {nemo} Congress already exempted from everything regarding trading
[14:07] {dino} sure, they sold few weeks ago and bought yesterday
[14:09] {Will49} gotta go take care of the home fires
01[14:09] {&Threei}  if alex is right and we have hourse turning democratic next fall, it will be official: republicans' brand is the worst PR folks ever
01[14:09] {&Threei}  home fires?
[14:09] {Will49} see ya Monday...good luck in the last hour
01[14:09] {&Threei}  take care will
[14:09] {dino} fall is a long time away, lots can happen
[14:09] {nemo} if economy gets worse, that goes democrats way
01[14:10] {&Threei}  is it new code word for wife, home fire?
[14:11] {RonS} ...never known a guy who admits to being whipped so often...well, uh, except Les...
[14:11] {dino} lol
[14:17] {nemo} the only reason the GOP held on to the House was re-districting\
[14:18] {RonS} wherer? the dems screwed the republicans here...
[14:18] {RonS} total gerrymander
[14:19] {nemo} Yeah, happens in MA too, but that's all that helped them hold the House
[14:20] {dino} two words; term  limits
[14:21] {nemo} never happen
[14:24] {RonS} the thing that pisses me off is how dems srew up a state and it gets so bad they move to a repub state...
[14:24] {RonS} ...and carry their same politics, change it, and screw it up...
[14:25] {RonS} CO, NC, SC to name a few...
[14:26] {nemo} and all the MAssholes leave here and fuck up Maine NH and VT
[14:26] {RonS} first Clinto election there were 200k more repubs than dems in CO...next election even...next +200k dems...freakin dem white flight from CA
01[14:31] {&Threei}  Club for Growth recommends conservatives vote against the bipartisan Senate deal- Note: Reports yesterday evening indicated that the House did not come to a vote after the Heritage Action Committee threatened poor marks for any Republicans who supported the deal.
01[14:31] {&Threei}  {--- crying
01[14:32] {&Threei}  poor marks eh
01[14:32] {&Threei}  and gold stars for those who vote against?
01[14:33] {&Threei}  hey, I can paint within the lines (I think) - do I get a gold star?
01[14:33] {&Threei}  I am sure this skill is quite advanced for that crowd
[14:33] {Alexs} lol
01[14:34] {&Threei} Long Setup:  C  .61 break
01[14:34] {&Threei}  If holds  .55
[14:36] {dino} rcpt stop .77 -.22
[14:42] {dino} wow rcpt
01[14:44] {&Threei}  http://media.cmgdigital.com/shared/lt/lt_cache/thumbnail/400/img/photos/2013/10/15/cf/92/14-obamacare-restaurant-sign_560x375_1.jpg
01[14:50] {&Threei}  1:1
[15:14] {nemo} well, at least we should be able to get this headline risk out of the way for a while
[15:16] {dino} rcpt rinsed again, crazy one
[15:37] {+cc_9} i am not on auto away screw you mibbit!
01[15:38] {&Threei}  lol
[15:40] {nemo} mibbit has good taste
[15:42] {RonS} uri
[15:43] {nemo} news?
01[15:43] {&Threei}  market is finishing as JBE
[15:43] {RonS} earnings release...
01[15:43] {&Threei}  United Rentals, Inc Reports Q3 $1.63 adj v $1.58e, R$1.31B v $1.31Be- Guides FY13 adj EBITDA $B (prior $2.25-2.35B)
[15:43] {nemo} gotta' get those all time highs sooner or later, however IBM could put a damper on that after hours
[15:45] {nemo} wow
[15:46] {dino} couple big gaps below on spy, dia
[15:46] {nemo} and one above
[15:46] {dino} 172.73?
[15:47] {nemo} yeah starting around .32 I think
[15:47] {nemo} IWM forming a wedge, couldn't get below vwap all day, finnies either
[15:48] {nemo} probably boom higher tomorrow as a relief rally
[15:48] {dino} leaving another gao i imagine
[15:48] {dino} gap
[15:51] {Alexs} ty and gn all
01[15:52] {&Threei}  thank you all
01[15:52] {&Threei}  have a good evening, see you tomorrow
[15:52] {dino} thx vad, gn all

Oct 15 2013

The day started well, then as every fool who wanted a mike got one and introduced sudden spikes in the market, a few stops took us below the waterline. Then 1:4 trade on GLD restored order of things effectively taking us slightly in positive territory. I reckon we have two more days of this intense attention-seeking from the clowns. Actually no,  I like clowns.

Session Time: Tue Oct 15 00:00:00 2013
[09:00] {dino} gm
[09:00] {RonS} gm
[09:02] {drewj} gm
01[09:04] {&Threei}  morning dino, ron, drew
01[09:15] {&Threei}  wow
[09:18] {Will49} gm
01[09:18] {&Threei}  will :)
01[09:19] {&Threei}  so, this drop caused by this only: (US) House Rep Ryan (R-WI): Senate provisions on budget are not enough to solve the problems ?
[09:19] {+cc_9} good morning everyone
01[09:19] {&Threei}  cc9 :)
[09:21] {Alexs} gm
01[09:22] {&Threei}  alex :)
[09:24] {+cc_9} keep an eye out on TDC @ the open, took a beating yesterday, came back pre-market from $44.00 flat line now hugging $45
[09:24] {ese} gm
01[09:24] {&Threei}  ese :)
01[09:30] {&Threei} Long Setup:  C  .56 break
01[09:30] {&Threei}  If holds  .45
[09:30] {+cc_9} that drop earlier Vad was a btfd opp
01[09:31] {&Threei}  as they come out and speak of whatever they ate at breakfast, lunch or had for a snack, it will repeat throuigh today and tomorrow I assume
01[09:32] {&Threei} Long Setup:  C  . 15 break
01[09:32] {&Threei}  If holds  .05
01[09:33] {&Threei}  no go
01[09:35] {&Threei} Long Setup:  JPM  .55 break
01[09:35] {&Threei}  If holds  .45
[09:36] {+cc_9} TDC sitting at $44.00 from pre-M if holds will look for long entry, if loses it will wait for where it puts bottom
01[09:38] {&Threei}  ik JPM
01[09:38] {&Threei}  it's time
01[09:38] {&Threei}  move your butt
01[09:38] {&Threei}  oh boy... republicans' remarks are coming on TV
[09:39] {+cc_9} Long here C looks better
[09:39] {Les} gm
[09:39] {Les} and Nemo
01[09:39] {&Threei}  les :)
[09:40] {Les} MVD inspection time. gonna clean up the old girl
[09:40] {Les} not a frikin word Nemo
[09:40] {Les} gotta
01[09:40] {&Threei}  MVD?
[09:40] {nemo} NKVD
[09:41] {Les} whadya u yanks call it? Motor vehicle dept?
[09:41] {nemo} old Soviet Joke
[09:41] {nemo} Beria, my hero
[09:41] {Les} nother leg down for this theatre show
[09:42] {+cc_9} ACAD breaking out on 60min chart
[09:42] {+cc_9} @ highest pps since the plunge
[09:42] {+cc_9} nearing $25
[09:42] {Les} might be godd short here cc
[09:44] {+cc_9} House to move with its own bill tonight
01[09:46] {&Threei} Short Setup: GLD  .15 break
01[09:47] {&Threei}  If holds  .25
[09:48] {Alexs} nice, how do you like republicans Vad?
[09:48] {Les} ok 2nd attempt for ACAD breakout
01[09:48] {&Threei}  I don't like either side
01[09:48] {&Threei}  1:1
01[09:49] {&Threei}  1:2
[09:49] {dino} tdc sm l .55
[09:50] {Les} spot on sir
[09:50] {+cc_9} ACAD nonstop
[09:50] {Les} yeh
[09:50] {Les} news?
[09:50] {ese} infa L 76
[09:50] {ese} .76
[09:50] {Les} dt in sso would be nice
[09:51] {Les} db sso sorry
[09:51] {+cc_9} It tanked with no news, its coming back with no news
[09:51] {+cc_9} It still has another point ahead of it imo
[09:51] {+cc_9} ACAD } $25.00
[09:51] {ese} out infa .90 +.14
[09:52] {Les} gj
[09:54] {ese} tks
[09:56] {Will49} out GLD on trail...tks Vad
[09:56] {ese} good job will
[09:56] {Will49} tks
01[09:56] {&Threei}  yw
[09:58] {+cc_9} SCTY blowing up
01[09:58] {&Threei} Short Setup: SLW  .20 break
01[09:59] {&Threei}  If holds  .30
01[09:59] {&Threei}  with trail to .26 after losing .15
01[09:59] {&Threei}  trail to .26
01[09:59] {&Threei}  1:1
[10:00] {Will49} missed
[10:00] {drewj} me too
01[10:00] {&Threei}  1:2
01[10:00] {&Threei}  anyone got it?
[10:01] {Alexs} i'm still in the GLD
[10:05] {robbers} Just out of GLD.
01[10:05] {&Threei}  nice
[10:07] {Will49} gj robbers
[10:09] {drewj} so vad are you waiting until the market gets to the next resistance level?
01[10:10] {&Threei}  just looking at the charts and waiting for the right setup
01[10:10] {&Threei}  “According to the latest poll, a record 73 percent of Americans think the country is headed in the wrong direction. But the good news: Gas is so expensive that we’ll never get there.”
01[10:10] {&Threei}  ~ Jay Leno
[10:10] {Will49} good Vad
[10:11] {Will49} don't you be fallin asleep now :)
[10:11] {drewj} does the overall market have a lot to do with which setups you choose?
01[10:11] {&Threei}  sure
01[10:11] {&Threei} Short Setup: MCD  .60 break
01[10:11] {&Threei}  If holds  .70
01[10:12] {&Threei}  market at the resistance after run-up, MCD formed kangaroo tail - short setup
[10:13] {drewj} got it
01[10:13] {&Threei}  it goes over .70, trade is invalidated - which is exactly the point of the setup strcture, to give us road signs
[10:14] {drewj} i'm starting to see how it all works together
[10:15] {dino} good to hear drew
[10:15] {drewj} thanks dino
01[10:15] {&Threei}  in a few months you won't be able to remember what it waas that you didn't see
[10:15] {Les} I'm still trying to see
[10:15] {Les} :P
[10:15] {dino} thought we might lose you there
[10:16] {Les} ACAD coming down
[10:16] {drewj} who dino?
01[10:16] {&Threei}  you are a different case Les... your task is to unsee
01[10:16] {&Threei}  and I am not kidding
[10:16] {+cc_9} NFLX losing some steam on 15min
[10:16] {drewj} so what's my task then vad?
[10:16] {Les} I can dig that
[10:16] {dino} you drew, thought you were going to quit, glad yuo didn't
01[10:17] {&Threei}  I'd put it this way drew:
[10:17] {drewj} I'm here for the long haul...I just had to retreat to think about what i'm learning.
06[10:17] * Les slaps drewj around a bit with a large trout
[10:17] {Les} I'm here for the free slappin
01[10:18] {&Threei}  yours is to stop feeling puzzled, stop pushing too hard to get it all at once and let yourself get soaked in this, so understanding comes gradually and naturally
[10:18] {nemo} what's worse, with Les, there's nothing to lobotomize
[10:18] {drewj} thanks for including me les...i was beginning to feel left out!
[10:18] {Les} hehehe
[10:18] {Les} dunno what Vad is on about, I don't see shit as it is
01[10:18] {&Threei}  that's because you saw wrong thing for too long and paid it too much attention
[10:19] {drewj} I picked up  on that vad...
[10:19] {nemo} we talking about marriage again?
01[10:19] {&Threei}  un-seeing it is necessary to frewe the room for seeing the right thing
[10:19] {Les} can't help if porn keeps popping up on my screen while trading
01[10:19] {&Threei}  yeah, that can be tough
[10:19] {drewj} I was also using way too many shares which was really causing me too much stress...
01[10:19] {&Threei}  ok MCD
01[10:19] {&Threei}  let's do it
[10:20] {dino} out tdc .00, +.45
01[10:22] {&Threei}  goingshort, look dcc please
01[10:22] {&Threei}  nice one dino
[10:24] {Les} Vad MCD is sub s3
[10:25] {Les} 4% likelihood finishing here if I remember Nemo correctly
01[10:25] {&Threei}  I've no idea what this means
[10:25] {nemo} ?
[10:25] {Les} me neither
[10:26] {nemo} oh, price gets to S4 less than 10% of the time
[10:26] {Les} refresh my memory on the stats
[10:26] {Les} thought it was lower
[10:26] {nemo} as Vad said
06[10:27] * Les slaps Les around a bit with a large trout
[10:30] {Alexs} no go MCD
01[10:30] {&Threei}  nope
01[10:31] {&Threei}  just a function of what SPY did
[10:31] {nemo} MCD just about at VWAP here
01[10:31] {&Threei}  nothihng to do with S#, % etc
[10:31] {Alexs} looks like market doesn't care about politics any more
[10:32] {Will49} wouldn't that be nice
01[10:32] {&Threei}  got over previous scare and returned to the mode "they will craft something out in the end anyway"
[10:34] {Alexs} I'm beginning to doubt
[10:35] {Will49} need some tech advice
[10:35] {nemo} shotgun
[10:35] {nemo} OO Buck or bigger
[10:35] {Will49} during first hour, my curser jumps around if i have a fast markey on screen
[10:36] {Will49} SPY for instance
[10:36] {nemo} your mouse curser?
[10:36] {Will49} if i select a slower market, curser settle down
[10:36] {Will49} yes mouse curser
[10:36] {dino} it swears at you
[10:36] {nemo} what chip you running with how much memory Will?
[10:37] {Will49} haha
[10:37] {Will49} don't know nemo...am trading on my laptop here in AZ
[10:37] {nemo} windows&
[10:37] {nemo} windows7?
[10:38] {Will49} back in BC on my tower PC..didn't have the problem
[10:38] {Will49} XP
[10:38] {nemo} how old is it?
[10:38] {Will49} 3 years
[10:38] {nemo} mhhh, likely dual core
[10:38] {nemo} what trading system?
[10:38] {nemo} DAS?
[10:39] {Will49} V120 AMD processor
[10:39] {Will49} yes...DAS
[10:39] {Will49} 2 GB DDR3 memory
[10:39] {Les} what a piece of ....
[10:39] {nemo} oh jeez
06[10:39] * Les slaps Will49 around a bit with a large trout
[10:40] {Will49} whaaa?
[10:40] {dino} dhi l .87
[10:40] {nemo} right click on the montage?
[10:40] {nemo} you should see under the left hand column  "Performance" box
[10:40] {nemo} chec "Optimized Paint (for slow computer)
[10:41] {Will49} yes...that was checked
[10:41] {nemo} how many charts you running
[10:41] {Will49} one now
[10:41] {nemo} mmhhhh
01[10:41] {&Threei}  who said what where
[10:41] {nemo} one montage and one T&S window?
[10:41] {Will49} was running two earlier but shut one down to try to solve problem
[10:41] {Will49} yes
01[10:41] {&Threei}  (US) House Speaker Boehner reportedly calls the bipartisan Senate proposal a 'hand grenade'
01[10:42] {&Threei}  see MCD?
[10:42] {Will49} even now, if i bring up SPY the curser jumps around
[10:42] {nemo} download cleanmem.exe from  PC WinTech
[10:42] {Will49} change to WMT and it is OK
[10:43] {Les} yeh, indexes had one last gasp to help MCD higher
[10:43] {nemo} headline risk is nutz
01[10:43] {&Threei}  yeah
01[10:43] {&Threei}  market reacts on each of them
[10:43] {Will49} tks nemo...I'll do that during lunch
01[10:43] {&Threei}  and they come at unpredictable times
[10:44] {Les} DAS working otherwise for ya on that laptop will?
[10:44] {Will49} yes Les, except for the jumpy curser thing
[10:44] {Will49} love DAS
[10:44] {Les} low end spec stuff u using dude
[10:45] {Les} will be back in using DAS next week
[10:45] {Les} hasn't been love at first sight
[10:45] {Les} with DAS
[10:46] {nemo} what kind of laptop is it
[10:46] {dino} beats that 286 vad uses
[10:46] {Will49} emachine
01[10:46] {&Threei}  I am yet to upgrade to that
01[10:46] {&Threei}  commodore 64 here
[10:46] {nemo} you using a touchpad?
[10:46] {Will49} yeah Les....pretty cheap hardware
[10:47] {Will49} have deactivated touchpad....that was one of obvious solutions
[10:47] {nemo} so, using a usb mouse?
[10:47] {Will49} had the touchpad AND mouse going at same time
[10:47] {nemo} oh, that's not good
[10:47] {Will49} yes usb bouse
[10:47] {Will49} mouse
[10:48] {Will49} wonder if it's a graphics card issue?
[10:48] {nemo} look in the mouse control boxes in control panel, see if there are any "enhanced" control stuff
[10:48] {nemo} doubt it's grahics card
[10:48] {nemo} if it's moving that means a signal is being created to move the cursor
[10:49] {drewj} i agree...
[10:49] {drewj} it's probably the mouse
[10:50] {drewj} the way to check is to disconnect the mouse and try the pad again.
[10:50] {drewj} if it stops then you know
[10:50] {Will49} in control panel, touchpad was still activated even though I killed it using Fn F7
[10:51] {Will49} drew....neither touchpad OR mouse behaves during fast prices
[10:51] {Will49} NOR
[10:52] {drewj} that sounds more like processor speed
[10:52] {drewj} it can
[10:52] {drewj} it can't handle  a lot of data
[10:52] {nemo} he's running a 2 gig memory dual core
[10:52] {Will49} yeah...have a pretty basic machine
[10:52] {nemo} squirrel strapped to a treadmill
[10:53] {Will49} what should I have nemo?
01[10:53] {&Threei} Short Setup: BBY  41 break
[10:53] {drewj} you can use advanced system care free to deactivate non-essential programs to free up memory and speed
01[10:53] {&Threei}  If holds  .10
[10:53] {drewj} there are a lot of background services that are running that you really don't need while you are trading
[10:54] {Les} or you can give it to the missus for poolside FB chats and upgrade
01[10:54] {&Threei}  it's a temporary travel solution...
[10:54] {Les} oh this is temporary is it?
[10:54] {Will49} yes Vad
01[10:55] {&Threei}  BBY is valid
[10:55] {Les} thought you wanted to be buried out my way
[10:56] {Les} http://www.flickriver.com/photos/highranger/3830713669/
[10:58] {drewj} here is the link... http://www.iobit.com/advancedsystemcareper.php
[10:58] {nemo} It's funny about that:  more than likely it was a .45 long colt.  The .44s didn't become popular until the 20th century
01[10:59] {&Threei}  1:1
[11:02] {Will49} tks drew
[11:02] {drewj} yw
[11:03] {nemo} be careful when you install, make sure you're not installing extra software
[11:04] {drewj} it is system optimizer that will restore your operating system to the way it was when it was first installed.
[11:04] {nemo} and ads
[11:05] {drewj} then you can use the turbo boost program while you are trading which will shut down bulky background services.
[11:05] {drewj} it does not have ads
[11:05] {drewj} i have been using it for years on my slower computers
[11:06] {drewj} i have the paid version on my trading pc which is better and only $20
[11:07] {Will49} tks to both you guys for the advice
[11:07] {drewj} sure
[11:07] {Will49} instead of going to the pool, i'll work on this :)
[11:08] {drewj} once you install it the program will do the rest
01[11:09] {&Threei}  here comes Boehner
01[11:10] {&Threei}  still as tanned as ever
[11:10] {Will49} drew..i assume i won't lose DAS or Mirc when i do this
[11:10] {drewj} it won't change your programs
[11:11] {Will49} tks, as you can see i am a bit behind the times on this stuff
[11:12] {drewj} the turbo boost function will change things like printer support so maybe try that after hours.
[11:12] {nemo} sheesh, new headline every hour
[11:12] {drewj} i don't think it will stop das in any way.
[11:12] {drewj} i use das
01[11:13] {&Threei}  (US) White House: Senate appears to be acting in good faith on budget; House republican plan is a partisan attempt to appease the Tea Party members
01[11:13] {&Threei}  heh
[11:13] {Les} down up down up
[11:13] {drewj} the best a computer can run if the hardware is good is when an operating system is freshly installed.
01[11:13] {&Threei}  those to be appeased are elcted just as any other
[11:14] {drewj} if you have an older model and you have not optimized it or re-installed an operating system then chances are you have a lot of junk files and it is pretty disorganized over all which will really slow it down.
[11:14] {drewj} my daugher has an emachine laptop and i keep it running well
[11:14] {Will49} yeah...it"really slow
[11:15] {drewj} have  you ever cleaned it or run the defragment program?
[11:15] {Will49} defrag every once in a while but doesn't seem to help much
[11:15] {Will49} cleaned if a couple of weeks ago....hear that heat is a problem, no?
[11:16] {Les} http://download.cnet.com/Auslogics-Disk-Defrag/3000-2094_4-10567503.html
[11:16] {drewj} as a computer gets used more and more the files get changed and become further and further apart
[11:16] {Les} here's a fast defragger
[11:16] {nemo} with amd chips they run hotter
[11:16] {nemo} also, you do need to clear the radiators periodically
[11:16] {drewj} the further apart they are the slower the computer seems to run.
[11:16] {drewj} it's not really broken...just disorganized
[11:16] {Will49} looks like i've got some work to do
[11:16] {drewj} you have to get the operating system back to its original state
[11:17] {Will49} tks Les
[11:17] {drewj} das is a really light program.
[11:17] {drewj} the program will do most of the work
[11:17] {Will49} OK
[11:18] {Will49} sorry for the caps there
[11:18] {drewj} was it fast when you bought it?
[11:18] {Alexs} first of all will try wipe up the screen
[11:18] {Will49} didn't mean to terminate the discussion :)
[11:18] {Will49} wipe up?
[11:19] {Alexs} lol just wipe
[11:19] {Will49} yeah drew..was fast as far as i recall
[11:20] {drewj} i'm pretty sure that with a dual core it should handle das with ease
[11:20] {Will49} but just started trading on it two weeks ago
[11:20] {drewj} how much ram do you have?
[11:20] {Will49} 2 gigs
[11:21] {drewj} that's not too much but i bet it will run smoothly when you clean it.
[11:22] {drewj} i notice a difference in performance on most computers after a month.
[11:22] {drewj} if you have not optimized it for a couple of years that may be a problem
[11:22] {drewj} good luck.
[11:22] {Will49} a month after you buy them you mean?
[11:22] {drewj} yes
[11:23] {Will49} tks again...i'll give you a progress report tomorrow
[11:23] {drewj} using the internet even a little will slow down any computer
[11:23] {+cc_9} did you folks buy the dip this morning ?
01[11:23] {&Threei}  depends of frequency of visiting porn sites... some might destroy it in hours
[11:23] {+cc_9} because we can't keep bringing this up anymore
[11:23] {drewj} ok
[11:24] {drewj} sorry cc
[11:26] {Will49} are we paying per character on Mirc or something?
[11:27] {Will49} or are we just boring you cc:)
01[11:29] {&Threei} Short Setup: SLW  .90 break
01[11:29] {&Threei}  If holds  21
[11:31] {Alexs} ?
01[11:31] {&Threei}  22
01[11:31] {&Threei}  come on
[11:36] {Les} Dino IVZ might be up your alley here
[11:37] {Les} wow FDX
01[11:43] {&Threei}  (US) Senate Majority Leader Reid (D-NV): House plan is an 'extreme' piece of legislation; Senate continues to make progress- House plan is no part of what was negotiated in the Senate
[11:46] {Alexs} looks like nobody negotiating any more everybody make speeches
01[11:47] {&Threei}  they still have 2 days
01[11:47] {&Threei}  it's 2 more days of looking important
01[11:47] {&Threei}  basking in attention
01[11:48] {&Threei}  interviews, TV appearances, blaming each other
01[11:48] {&Threei}  who in their right mind would cut that short
01[11:50] {&Threei}  oh, and the longer it draws the more you look like a savior in the end
01[11:51] {&Threei}  asking them to stop this is not unlike asking an actor to leave the scene
[11:53] {Alexs} In the past two weeks, investors have sold mountains of short-term debt issued by the government. Banks have also reduced their holdings, trimming such debt by more than 50% over that period, according to data from the Federal Reserve Bank of New York
[11:58] {Alexs} does it make sense to trail the stop?
01[11:59] {&Threei}  not really... no clear resistance to trail to
[12:00] {Alexs} k
[12:02] {RonS} sheesh...snowing...
01[12:02] {&Threei}  yikes
[12:02] {nemo} doin' lines again Ron?
[12:03] {Will49} lol
[12:03] {nemo} the old Peruvian snow storm
[12:11] {nemo} fb might be due for a bounce here
[12:13] {nemo} fib and pivot support
[12:13] {nemo} close to the whole number
[12:16] {Les} IVZ massive reversal day gap close coming
[12:17] {+cc_9} That's a pretty chart Les, added to watch list
[12:17] {Les} short covering EOD for starters
[12:18] {nemo} 32,54 us s4
[12:29] {Les} FDX dbi setup?
01[12:32] {&Threei}  kind of...
[12:33] {Les} given the vol. thinking 121 recross long
[12:34] {nemo} did that hurt?
[12:36] {Les} poor choice of verb
[12:43] {Alexs} slw stopped finally
[13:03] {Les} potential bottom here in IVZ
01[13:21] {&Threei}  be back in 40 min
[13:26] {+cc_9} Les, IVZ almost closing full gap now
[13:29] {Les} yeh onscreen.
[13:33] {Will49} drew...downloaded iobit systemcare...looks neat
[13:33] {drewj} nice
[13:33] {drewj} press the care button and watch it work
[13:33] {drewj} it will tell you how many problems you have...i'm curious what it will say
[13:34] {Will49} will let you know
[13:34] {drewj} ok
[13:34] {+cc_9} IVZ light here Les, stop loss 31.95
[13:34] {Will49} Vad...any setups since SLW
[13:34] {+cc_9} see if this thing can pop back to $33
[13:35] {Les} looking for a db
[13:38] {+cc_9} IVZ some bids
[13:38] {Les} no db let's go
[13:38] {+cc_9} IVZ need some .50s for a reversal
[13:40] {Alexs} now it more looks like a bear flag IVZ
[13:40] {Les} .25 break if holding .15
[13:40] {Les} nemo can argue over the hammer tail support area
[13:50] {+cc_9} IVZ back to the .40s
[13:50] {+cc_9} look @ IVZ on 15min volume + candle
[13:53] {+cc_9} .50s on deck
[13:53] {+cc_9} so far so good.
[13:53] {Les} where's yer entry?
[13:53] {+cc_9} .31
[13:53] {+cc_9} im shooting for 33.00 tgt
[13:54] {Les} looks good
[13:57] {+cc_9} .60s giddy up
[13:57] {Les} great reversal setup paying 1:3 already gj cc
[13:57] {+cc_9} gap filled to the T
[13:57] {+cc_9} Les, it was your alert, to thanks!
[13:57] {+cc_9} so*
[13:57] {drewj} cc is the gap at .70?
[13:57] {Les} I see these things, but gotta define it according to Vad's game plan this time, or gonna destroy myself again
[13:58] {+cc_9} drew, gap from 10/9
[13:58] {drewj} ok
[14:00] {+cc_9} IVZ .75 printing
[14:00] {+cc_9} $0.25 to go
[14:01] {+cc_9} out hakf .76
[14:01] {+cc_9} riding rest stop @ cost. Thanks Les, this was my last one for today.
[14:06] {Les} hope my future holds the same. you're welcome. good crew here in this room
[14:07] {Will49} drew...guess Vad has stepped away..were there any alerts after SLW at 12:43 ?
[14:08] {drewj} no that was the last one
[14:08] {Will49} tks
[14:08] {drewj} sure...anytime
01[14:10] {&Threei}  back
01[14:10] {&Threei}  wow, I missed a lot I see
[14:12] {Les} IVZ was a nice reversal setup
[14:12] {Les} and Nemo drank himself into another stupor
[14:13] {nemo} not a drop
[14:13] {nemo} or a gallon
[14:14] {Les} let's speak setup support bunny boy
[14:14] {nemo} ?
[14:14] {Les} hammer on IVZ at 1:32
[14:14] {nemo} Yeah, I said gap close was .19
[14:14] {Les} to tail or not to tail, what is the appropriate support
[14:14] {nemo} ?
[14:15] {Les} I used the body and alittle bit of the tail, not the entire tail
[14:15] {nemo} what?  u talkin' sheep again?
[14:15] {RonS} kinky...
[14:18] {Alexs} fb short .85?
01[14:19] {&Threei}  50/50
[14:20] {Alexs} it's better when in casino
[14:21] {nemo} is he gone?
01[14:24] {&Threei}  (US) Senator Murphy (D-CT): "Negotiations have stopped in the Senate" - NBC tweet- NBC tweets that Murphy said "I have never seen Democratic senators so upset during a Tuesday lunch meeting." - Murphy is a junior Senator, who assumed office in Jan of this year. **Note: A press confernce is currently being set up at Capitol Hill
01[14:25] {&Threei}  another idiot opened his mouth
[14:25] {nemo} trade by headline
01[14:26] {&Threei}  (US) Senator Durbin: Senate negotiations have been suspended until House Republicans work out a plan to proceed on debt limit
[14:26] {Will49} effin ridiculous
01[14:26] {&Threei}  meanwhile:
01[14:26] {&Threei}  (US) Some members of the GOP said to be considering requesting the Boehner proposal become more stringent, while others want to vote on a clean CR
[14:26] {Will49} all the world's a stage...but DC is an insane assylum
[14:29] {Alexs} fb worked nicely
01[14:30] {&Threei}  headline help
[14:33] {Alexs} yes everything is falling
[14:37] {nemo} index bounce spot...good for trap too
01[14:37] {&Threei}  - Senator Feinstein (D-CA): Budget talks have fallen apart
01[14:37] {&Threei}  too many imbeciles and microphones
[14:38] {Alexs} nice for day trading
01[14:39] {&Threei}  not if you get setup in one direction and headline comes at unscheduled time sending market in another
01[14:39] {&Threei} Short Setup: GLD  .90 break
01[14:40] {&Threei}  If holds  124
01[14:40] {&Threei}  let's do hl
[14:40] {nemo} not really Alex, too much headline risk
[14:40] {Alexs} just kidding
[14:40] {nemo} frickin' pizdah
[14:41] {Alexs} ty nemo
[14:41] {Alexs} feeling myself in russia
01[14:41] {&Threei}  lol
[14:42] {nemo} spasibo
01[14:43] {&Threei}  goinshort, you here?
[14:44] {goinshort} back now
01[14:44] {&Threei}  look dcc please
01[14:50] {&Threei}  crap, missed GLD top
01[14:51] {&Threei}  .25 eas trigger, just happend too fast
[14:51] {Alexs} don't miss a bottom
[14:52] {nemo} somebody's aide just came out and said talks could restart
[14:52] {nemo} the frickin' newsreading algo's are brutal
01[14:55] {&Threei}  (US) Rev Flemming: House could vote on a new debt ceiling plan tonight or tomorrow morning
[14:55] {Alexs} lol
01[14:55] {&Threei}  or not
01[14:56] {&Threei}  cretins, fine; but cretins wioth microphones, oy
[14:56] {Alexs} everybody just makes money
01[14:57] {&Threei} Long Setup:  FB  .60 break
01[14:57] {&Threei}  If holds  .50
01[14:57] {&Threei}  and pray another idiot doesn't come to mike and says no deal ever
[14:59] {drewj} vad do you ever try to use news as a trading decision?
01[14:59] {&Threei}  not directly
01[15:00] {&Threei}  you can't be a first
01[15:00] {&Threei}  and when you are not, you better read charts
[15:00] {nemo} we send Les first
[15:00] {drewj} funny
01[15:00] {&Threei}  there is an article about it I wrote at some point...
[15:00] {drewj} usually there is:)
[15:01] {nemo} he loves stepping on landmines
01[15:01] {&Threei}  well, what do you know
01[15:01] {&Threei}  http://blog.realitytrader.com/2011/09/news-tradeem-or-fadeem.html
[15:03] {+cc_9} JCP, this is just sad now
[15:07] {Alexs} frikin' FB
[15:07] {nemo} McConnel aid came out said repubs haven't walked away from agreement
01[15:08] {&Threei}  (US) Senate Minority Leader McConnell (R-KY) Spokesman: Senate GOP leaders have not walked away from a deal with Majority Leader Reid, talks are simply on hold until the House acts
01[15:08] {&Threei}  unfrikinbeliavable
[15:08] {Will49} on hold until both houses can maximize their equity holdings
01[15:09] {&Threei} Short Setup: GLD  .85 break
01[15:09] {&Threei}  change to .90 break
01[15:09] {&Threei}  If holds  124
01[15:10] {&Threei}  target 1:5
01[15:10] {&Threei}  1:1
01[15:10] {&Threei}  1:2
01[15:12] {&Threei}  - Majority Leader Reid (D-NV) Spokesman: Talks have not broken down, Senate is waiting to see what the House does, Senate deal will be back after the House plan fails.
01[15:12] {&Threei}  lol
01[15:14] {&Threei}  1:3
01[15:19] {&Threei}  1:4
[15:20] {nemo} gdx looks short
01[15:20] {&Threei}  ,GDX} and I spent so much on clothes with vertical stripes...
01[15:20] {&Threei}  out last piece on a trail
[15:21] {Will49} good one vad
01[15:21] {&Threei}  4 cents shy of 1:5
[15:21] {Will49} gotta run
[15:26] {robbers} Sorry to say I just got back to my desk and missed GLD, good call though.
01[15:26] {&Threei}  ugh
[15:31] {nemo} I might just wait until they get this thing settled
[15:32] {drewj} EOD for me.  Take care guys.
[15:32] {drewj} see you tomorrow
01[15:35] {&Threei}  take care drew
01[15:46] {&Threei}  OK guys, no more trades
01[15:46] {&Threei}  thank you all, have a great evening
[15:46] {+cc_9} take care
01[15:46] {&Threei}  see you tomorrow for another he said she said

Oct 14 2013

Pretty awesome day, with 6 wins, 1 5-cent stop, ending with 1:3er on GLD. Good start to the week and nice to perform like this on Canadian Thanksgiving.

Session Time: Mon Oct 14 00:00:00 2013

[08:54] {nemo} "The only difference between a tax man and a taxidermist is that the taxidermist leaves the skin." -- Mark Twain

[09:03] {dino} gm

01[09:03] {&Threei}  morning dino

[09:03] {RonS} gm

01[09:03] {&Threei}  ron :)

[09:08] {drewj} gm

01[09:08] {&Threei}  drew :)

01[09:14] {&Threei}  so... deal or no deal?

[09:16] {dino} none yet

01[09:16] {&Threei}  will they or won't they

01[09:17] {&Threei}  dems feel they have a winning hand and push foer moee

01[09:17] {&Threei}  more

[09:19] {Will49} gm

01[09:19] {&Threei}  will :)

[09:20] {Les} Damn, no Nemo to smack around

[09:20] {Les} GM

01[09:20] {&Threei}  les :)

[09:21] {Les} so you guys get yer fiscal shit squared away this weekend?

01[09:21] {&Threei}  not just yet

[09:22] {Les} 3 days to go then

[09:22] {Les} wondering if Obummer wants to take this to default...

01[09:22] {&Threei}  always the same story... up to last hour

01[09:22] {&Threei}  I doubt it

[09:22] {cipher} gm

[09:22] {Alexs} gm

01[09:22] {&Threei}  cipher :)

01[09:22] {&Threei}  alex :)

01[09:23] {&Threei}  they just squeeze last drops of disobedience out of those unruly republicans

01[09:24] {&Threei}  and when time runs out and each thinkable advantage is taken, they'll have mercy

01[09:25] {&Threei}  now it's about "let's backtrack sequester cuts"

[09:28] {ese} morning

01[09:28] {&Threei}  ese :)

[09:28] {Les} hey ese

[09:28] {ese} morning vad ....happy thanksgiving

[09:28] {ese} hey les

01[09:28] {&Threei}  thanks, you too

[09:29] {ese} do they celebrate anything in Europe this weekend Les

[09:29] {Les} US market holiday comingup soon?

[09:29] {Les} every day is aholiday here ese?

[09:29] {Les} - ?

[09:29] {ese} lol

[09:29] {Les} This is Europe man...

01[09:30] {&Threei} Short Setup: JPM  .90 break

01[09:30] {&Threei}  If holds  52 

[09:30] {+cc_9} good late morning!

01[09:31] {&Threei}  cc9 :)

[09:31] {Les} hehe

[09:32] {RonS} glad Les is here

06[09:32] * Les glances suspiciously at Ron

[09:32] {RonS} nemo going to be pissed and have to take it out on someone...

01[09:32] {&Threei} Short Setup: GLD  .90 break

[09:32] {Les} lol

01[09:32] {&Threei}  If holds  124 

01[09:33] {&Threei}  from nemo over skype:

01[09:33] {&Threei}  [9:32:10 AM] My antivirus is seeing Les in the chatroom, it won't let me enter...Nemo

[09:33] {RonS} lol

[09:33] {Les} hehe

[09:34] {cipher} SSO L .68

[09:34] {+cc_9} the dip, you know what to do with it

01[09:35] {&Threei}  put chips in it?

[09:35] {Les} slippery dip?

[09:35] {+cc_9} well, before you put chips in it

[09:35] {RonS} wow, did not expect this...

[09:35] {+cc_9} you need to BUY it

[09:35] {Les} TNA .00 entry was good

01[09:36] {&Threei}  this should be 1:4 play with any luck

01[09:36] {&Threei}  1:1

[09:36] {+cc_9} Les yes, TNA is gold here

[09:36] {cipher} out sso .05

[09:37] {Les} gj ci

01[09:37] {&Threei}  1:2

[09:37] {dino} expe sm l .52

[09:37] {robbers} Out, thanks.

01[09:37] {&Threei}  :)

[09:38] {Will49} nice start Vad

[09:39] {Les} indexes suggest sell the bounce here

[09:40] {+cc_9} http://www.freep.com/article/20131014/FEATURES08/310140077/Craze-sports-supplements-methamphetamine-Detonate-meth

[09:41] {dino} expe stop .20 -.32

[09:42] {ese} sheesh cc............man whats next

[09:42] {nemo} see how long this lasts...

[09:42] {dino} expe sm l .85

[09:42] {Les} press the button again vad

01[09:44] {&Threei}  ?

[09:44] {Les} the eviction button

[09:44] {Les} [15:32] * nemo (ierardo@jas-66910E25.bstnma.fios.verizon.net) Quit (Connection reset by peer)

[09:45] {nemo} funny as a rubber crutch...or you breeding

[09:46] {Les} rubber what?

[09:46] {nemo} omg

01[09:46] {&Threei} Long Setup:  BBY  .15 break hl

01[09:47] {&Threei}  If holds  .05 

[09:48] {dino} out expe .65, -.20

[09:49] {Les} spy vwap support here potential SSO long setup

[09:50] {cipher} sso l.77

01[09:53] {&Threei}  1:1

[09:56] {cipher} out .90

01[09:58] {&Threei} Short Setup: SLW  .20 break

[09:58] {dino} z sm l .90

01[09:58] {&Threei}  If holds  .30 

[10:00] {nemo} no bond market, Washington in Limbo...I'm outta' booze again...Boston sports wiped out my liquor cabinet yesterday

[10:00] {dino} expe sm l .51

[10:01] {dino} out z .45, 

[10:01] {dino} +.55

[10:02] {Les} nice one

[10:02] {dino} out expe .91, +.40

[10:02] {dino} ty

[10:03] {ese} that one is workin nice dino....z.....

[10:03] {dino} pulp

01[10:05] {&Threei}  1:1

[10:06] {cipher} HAIN l.97

[10:06] {robbers} Out half at .04

01[10:07] {&Threei}  1:2 close enough

[10:13] {nemo} this was priceless: http://usat.ly/19J9uRm

[10:14] {cipher} SSO l.85

[10:15] {ese} L petm .02

[10:17] {ese} nope stopped .87 -.15

[10:17] {dino} expe sm l .45

[10:19] {dino} z sm l .34

[10:23] {ese} L petm .05

[10:29] {Will49} ZZZZZZZZZZZZZZZZZZZ as Yogi Berra said...It's getting late earlier and earlier

[10:30] {Will49} or was that nemo?

[10:30] {Les} might be coincidence, but happy hour getting earlier too. 

[10:30] {Will49} that's agood thing where I am

[10:34] {RonS} goose that dog ese...in petm .82 s/l .90 want .45

[10:35] {RonS} rare morning thunderstorm here now...pullease keep the power on...

[10:36] {RonS} wow boomer...

[10:38] {cipher} IBB l..07

[10:39] {+cc_9} HLF pulp

01[10:40] {&Threei} Long Setup:  CAT  .30 break

01[10:41] {&Threei}  If holds  .25 

[10:41] {+cc_9} LFT } 64

[10:41] {+cc_9} HLF*

01[10:41] {&Threei}  Herbalife Ltd. Strength attributed to positive chatter surrounding Price Waterhouse financials review- Reminder: HLF hired PriceWaterHouse Coopers as new auditor following KPMG departure due to insider trading alegations.

01[10:44] {&Threei}  EU citizens who have never worked in Germany but have been living in the country for a long time can claim unemployment benefits, a court ruled on Thursday, in a decision which could affect 130,000 foreigners in Germany.

[10:45] {Les} lol

[10:45] {Les} should read their roman history

01[10:46] {&Threei}  any sane country left on this planet?

[10:46] {Les} I hear Antarctica remains relatively free of human habitation

[10:46] {cipher} sso l.89

01[10:47] {&Threei}  as one USSR would-be-defector deciding where to go said after reviewing the globe, "Sorry, is it the only globe you've got?"

[10:47] {+cc_9} WHR keep an eye on this if it can crack 133

[10:48] {ese} I thought about marketing alchohol as a herbal life type natural remedies........definitely derived from plants......wha da ya think?

01[10:48] {&Threei}  I like

01[10:49] {&Threei}  meh CAT

01[10:49] {&Threei}  I even got the marketing slogan for you, ese

[10:49] {Will49} i hate

[10:49] {ese} lol

[10:49] {ese} ok

01[10:49] {&Threei}  "Alcohol doesn't help finding answers. It helps forgetting questions"

[10:49] {Will49} lol

[10:50] {ese} hmmmmmm....ya perfect.  or.......

01[10:50] {&Threei}  Alternative: "Alcohol doesn't solve your problems. Neither does milk"

[10:51] {ese} "IF WALKING THROUGH DOORS DOESN'T OPEN UP OPPORTUNITIES FOR YOU......THEN STUMBLE TROUGH THEM WITH ESE'S MAGIC WINE HERBAL LIFE REMEDY"

[10:51] {+cc_9} WHR breaking out

[10:53] {Will49} hey ese...have you applied for a BC Bud retail licence yet?

[10:53] {dino} out expe .95, +.50

[10:53] {ese} would that be breaking ot in a rash

[10:54] {ese} .......try ese's "herbal life alchoholic rash eraser"

[10:54] {ese} no not yet

[10:54] {Will49} now THAT'S waht i'm talkin about

[10:54] {Will49} what

[10:54] {ese} lol

[10:55] {Will49} be a big seller here in "old codger" land

[10:56] {Will49} eases itch of depends rash

01[10:56] {&Threei}  somg CAT

[10:56] {Will49} sheeeesh...i really hate cat

[11:01] {Les} SLW 

[11:01] {Les} 2nd go at support

[11:01] {Les} 3rd... whatever

06[11:02] * Les slaps nemo around a bit with a large trout

[11:03] {nemo} I'm doing an interview, leave me alone

[11:03] {Will49} looking into your dark side?

[11:03] {Will49} inter-view

[11:04] {RonS} bunny as dianne sawyer?

[11:04] {Will49} guess that would be an intra-view, eh?

[11:04] {RonS} nah, babs walters...making you cry...

[11:06] {ese} new trading term "Range Bound With Avengence"

[11:06] {Les} SLW should be good here Vad

01[11:06] {&Threei}  action is way too slow

[11:07] {Les} clearly Wall ST needs to be taking more of CC 9's workout powder

01[11:10] {&Threei} Long Setup:  BBY  .05 break

01[11:11] {&Threei}  If holds  .95 

[11:14] {RonS} gold hit...

[11:14] {Les} reading the SLW tea leaves...

01[11:15] {&Threei}  (US) Reportedly Senate leaders continue to negotiate, talks centered on length of debt ceiling increase and spending levels in funding bill - financial press- Reportedly Senate aide rejects reports that there is any stalemate in talks between Majority Leader Reid and Minority Leader McConnell. Deal possible within a day.

[11:20] {ese} hmmmmmm...futures not reflecting that

[11:21] {RonS} why should they...q is what is the deal and how will the House react?

[11:23] {ese} true

01[11:29] {&Threei}  I am sure idiots will drag this out till last minute as always, and as always will agree on some compromise

01[11:29] {&Threei}  Obama needs USA default in his legacy as nemo's bunny needs a condom

[11:30] {Will49} haha

[11:30] {Les} lol

[11:30] {nemo} bunny is female, if that was your point

[11:30] {nemo} spy headed for pivot

[11:32] {Will49} sheeesh...to think i chose to trade today instead of taking the shuffleboard basics course this morning

[11:32] {dino} out z .33, +.99

[11:32] {Will49} nice

[11:33] {dino} ty

01[11:34] {&Threei}  your bunny gender considerations remind me an application a russian nouveau riche fills up in US consulate, applying for a guest visa... In the line Sex he indicates: "6 times a day." Reviewing application, a gal behind the counter says "This asks male or female!" He says "oh, it absdolutely doesn't matter"

[11:36] {ese} petm............it's about friggin time

01[11:38] {&Threei}  I have to say, this is the quietest Oct on memory

[11:39] {ese} spyders at pivot point

[11:41] {Les} understandable though Vad... interesting times and all...

01[11:42] {&Threei}  finally BBY

01[11:42] {&Threei}  hope it rewards you for that shuffleboard basics course, will

[11:42] {Will49} yeah :)

01[11:43] {&Threei}  dunno what you folks are complaining about... 4 wins, 1 meh

[11:43] {Will49} by 'folk' you mean me?

01[11:44] {&Threei}  no, it's general "to whom it may concern" kind of address

[11:45] {Will49} shuffleboard thing was just a tired attempt at humour

[11:45] {Will49} my attempt...npt yours

[11:45] {Will49} not

01[11:46] {&Threei}  1:2

[11:46] {robbers} Nice .99 dino.

[11:46] {Will49} that's better:)

[11:47] {Will49} shuffleboard can wait:)

[11:49] {dino} ty robbers

[11:56] {ese} tks nemo for chapters on pivot points....just finished reading them very informative

[11:58] {RonS} petm out .45 +.63 guess that dog will hunt...

[12:00] {ese} out 1/2 petm .51 +.46

[12:00] {ese} definetly

[12:01] {robbers} wtg

[12:01] {ese} best thing about market orders..........they work while your in the can

[12:03] {Will49} or the pool

[12:03] {ese} have to discover that yet

[12:06] {Will49} be back for last hour (if allowed)...see ya later

01[12:06] {&Threei}  lol

01[12:06] {&Threei}  took 1:3?

[12:06] {Alexs} why not

01[12:07] {&Threei}  well, with mind focused ona pool... or shuffleboard

[12:07] {Alexs} oh you ask will

01[12:07] {&Threei}  yeah :)

01[12:08] {&Threei}  (US) White House: The House and Senate leadership of both parties to meet with President Obama at 15:00ET- President Obama to reiterate that he will not "pay any ransom" for a debt ceiling and funding deal.

01[12:08] {&Threei}  so, my way or high way?

01[12:09] {&Threei}  - NYSE volume 175M shares, about 27% below its three-month average; . - NASDAQ volume 610M shares, about 15% below its three-month average

01[12:09] {&Threei}  wow

[12:12] {ese} petm balance to break even .06

[12:12] {ese} gonna let that puppy run

[12:13] {RonS} ...hearing the Repubs have already caved...will put up Senate bill in the House for a vote...rumor, yes...

[12:14] {ese} ron...where did you get in on petm

01[12:15] {&Threei}  I would call this bluff if I were in their shoes

[12:15] {RonS} 71.82

01[12:15] {&Threei}  it is bluff

[12:15] {ese} nice......

[12:16] {RonS} what bluff and whose shoes?

01[12:22] {&Threei}  in shoes of republicans, bluff of Obama who pretends he is willing to let deafult happen

[12:24] {+cc_9} http://img716.imageshack.us/img716/9498/iy01.gif

[12:45] {RonS} rgr shot

[12:45] {nemo} haha

[12:46] {Les} http://tinyurl.com/ovshpbs

[12:46] {Les} nationalists cracking open the old left right divide in regional french elections

01[12:49] {&Threei}  when is general election in France?

[12:49] {Les} '16 I think

01[12:50] {&Threei}  too long

[12:50] {Les} first up European elections

[12:50] {Les} next May apparently

01[12:50] {&Threei}  thins thing must unravel way before that

[12:50] {Les} US won't unravel until Europe unravels

[12:51] {Les} so she's one to watch

01[12:51] {&Threei}  US won't unravel

01[12:51] {&Threei}  EU will

[12:55] {Les} I mean the economic/financial situation

[13:01] {Les} outta here gotta sleep a+

01[13:11] {&Threei}  (US) Senate Majority Leader Reid: we are getting closer to a deal; Hopeful to have fiscal plan to present to President Obama by the 1500ET scheduled meeting- Follow up: President Obama: Seems that progress has been made, but we will see if the progress is real when he meets with Congressional leaders at 15:00ET. If the Republicans cannot resolve this standoff, we stand a good chance of default. Hopeful the spirit of cooperation will allow the US to move forward within the next couple hours.

03[13:12] * Retrieving #discussions modes...

[13:13] {+cc_9} "btfd" 

[13:13] {+cc_9} everyday, anyday

[13:14] {+cc_9} entire gap today closed, 1.5 on the spx

01[13:14] {&Threei}  yeah

01[13:14] {&Threei}  whole thing was caused by the fear

01[13:14] {&Threei}  and the closer deadline is the stronger realisation is that the deal will be reached

01[13:15] {&Threei}  so we are back to usual programming

[14:04] {nemo} stealth grind up wtf

01[14:06] {&Threei} Long Setup:  BBY  .30 break

01[14:06] {&Threei}  If holds  .20 

01[14:22] {&Threei}  (US) Majority Leader Reid (D-NV): I am very optimistic that a Senate deal can be reached this week- Minority Leader McConnell (R-KY): Reid and I have had very constructive talks, I share his optimism

01[14:22] {&Threei}  oh good

[14:22] {ese} swing trade tibx out in full .47 +.95 1250shs

01[14:22] {&Threei}  they are both optimists

[14:25] {ese} out petm balance .68 +.53

[14:25] {ese} am done for the day all...........cya tomorrow

01[14:25] {&Threei}  take care ese

[14:25] {ese} going for a walk done to the Oak Bay beach hotel vad

01[14:25] {&Threei}  careful with that turkey

01[14:26] {&Threei}  cool

[14:26] {ese} definitely

01[14:26] {&Threei}  I have a meeting in Sindye

01[14:26] {&Threei}  or I'd join you

[14:26] {ese} take care eh

01[14:34] {&Threei}  1:1 close enough

01[14:35] {&Threei}  half out and srtop to .24

01[14:36] {&Threei}  this is what, 6 wins and 1 meh?

06[14:36] * &Threei slants at Alex suspiciously

01[14:36] {&Threei}  stop to .29 now

[14:38] {Alexs} I take it as fair share

01[14:39] {&Threei}  I am more worried about your math abilities exceeding mine by a fair magnitude

01[14:40] {&Threei}  and when I get it wrong, your calculations set me straight and narrow

01[14:40] {&Threei}  making look like a douche in the process

[14:41] {Alexs} lol 5 wins and 1 meh of course

01[14:41] {&Threei}  there... see?

01[14:41] {&Threei}  1:2 close enough

01[14:41] {&Threei}  1/4 more out

01[14:41] {&Threei}  stop .34

01[14:42] {&Threei}  (US) White House: 15:00 meeting with Congressional leaders has been postponed

01[14:42] {&Threei}  sigh

01[14:42] {&Threei}  imbeciles

[14:45] {Alexs} I guess Obama just has a good time at a local food kitchen

01[14:46] {&Threei}  it's just Monday... deadline is Thursday... why would they hurry and make a deal if they can play this flute for three more days

[14:48] {+cc_9} meeting postponed lol

[15:10] {dino} spike

01[15:16] {&Threei} Short Setup: GLD  .20 break

01[15:24] {&Threei}  If holds  .30 

[15:25] {Alexs} we don't need stops

01[15:33] {&Threei}  GLD heard you

[15:34] {Alexs} not very clear though

01[15:41] {&Threei}  it's a bit slow on uptake, what can you do

[15:43] {Alexs} slap it over the head?

01[15:43] {&Threei}  there

[15:44] {Alexs} works

01[15:44] {&Threei}  {GLD} HEY!!!

01[15:44] {&Threei}  1:2.5

[15:44] {Alexs} lol

01[15:47] {&Threei}  as far as I am concerned that was awesome day, suitable for a Thanksgiving

[15:47] {Alexs} for Columbus day

01[15:47] {&Threei}  in Canada it's Thanksgiving

[15:48] {dino} happy thanksgiving

01[15:48] {&Threei}  ty

[15:49] {Alexs} are you going to eat turkey today?

01[15:49] {&Threei}  well, being a rebel I am, I ate it last week

[15:49] {Alexs} lol

01[15:50] {&Threei}  weather was great, so I smoked it

[15:50] {RonS} ...living on the edge...

01[15:50] {&Threei}  lol

[15:50] {dino} tough on your lungs i guess

01[15:50] {&Threei}  rofl

[15:50] {Alexs} that's why we had a problem with trading gods

[15:50] {RonS} lol

01[15:50] {&Threei}  OK, I cooked it in a smoker if you want me to be this precise :)

[15:50] {dino} :)

01[15:51] {&Threei}  fantastic way to cook it btw... if anyone is interested. I'll give a you recipe, there are some important nuances

01[15:51] {&Threei}  die GLD

01[15:53] {&Threei}  1:3

01[15:56] {&Threei}  ok guys

01[15:56] {&Threei}  thank you all

01[15:56] {&Threei}  have a great evening

01[15:56] {&Threei}  see you tomorrow

[15:57] {Alexs} make a good secrifice today Vad

01[15:58] {&Threei}  ok

01[15:58] {&Threei}  duck

01[15:58] {&Threei}  smoked one

[15:58] {Alexs} :)

[16:00] {dino} gn all

[16:00] {Alexs} gn

Barron’s Saturday summary

Positive on KLIC, SRC; cautious on SHLD, PBPB, CDE

Cover story: Report on municipal bond market says Despite ominous headlines about municipal bondsgiven Detroits bankruptcy and Puerto Ricos problemsmost of the $3.7T market is in excellent financial condition, with states being among the strongest credits in the muni market; State and local governments face problems with unfunded pension and healthcare obligations, but their total financial obligations generally look manageable, when measured against revenue, personal income, and the size of state economies, and investors may have overreacted about problems; States in the best shape regarding debt and unfunded pension liabilities as a percentage of GDP include Nebraska, Iowa, South Dakota, North Carolina, and Nevada; the worst are Massachusetts, Alaska, Hawaii, Illinois, and Connecticut.

Features:
1) Negative on SHLD: Retailer has been operating in the red for several years and expects more losses, while Wall Streets bullish case, based on perceived value of companys real estate, may be misguided, with property portfolio worth less than predicted.
2) Positive on ALL, COF, CELG, SJM, OXY, SNA: Six stocks are among the few for which earnings estimates have been revised upward, bucking the overall trend of lower guidance, and all look reasonably priced relative to earnings.
3) Positive on KLIC: Profitable and low-profile maker of semiconductor capital equipment is sitting on cash equal to more than half its market value, has a dominant position in its sector, and shares look cheap, offering potential upside of 50%.
4) Traditional infotech suppliers are under siege from new cloud computing rivals, says Tiernan Ray, but not all technology winners will be good for investors, as some have been bid up to excessive valuations (positive on GOOG, AMZN, AMD, AMCC, CIEN, SPLK, VZ; negative on JNPR, NTAP, ORCL, SAP, HPQ, CSCO, EMC).
5) Positive on SRC: Real estate investment trust owns thousands of buildings around the country and has a 99% occupancy rate, but shares, which yield a juicy 7%, trade at a deep discount to competitors and could rally 30% or more.

Trader: Negative on PBPB: Shares are grossly overvalued, trading at 114 times trailing earnings, an astronomical valuation given companys history of growth or what is reasonable to expect from a small restaurant chain, with fair value probably closer to IPO price than current one; Negative on ANGI: Company is cutting membership fees in order to attract more subscribers, shares are expensivethough perhaps not overvaluedand insider selling points to bearish outlook; Negative on JOSB-MW deal: Potential benefits of tie-up pale in comparison to the risk for investors in what would be a futile bid for synergy best watched from the sidelines.

Small Caps: Cautious on CDE: Shares have tumbled over the past year amid operational problems and decline in price of silver, and high costs add to companys vulnerability, but selloff looks overdone, and shares could see major upside.

Mutual Funds: Interview with Richard Freeman, Portfolio Manager, ClearBridge Aggressive Growth Fund, who says any manager who doesnt pay attention to value is a fool (top ten holdings: BIIB, UNH, APC, AMGN, CMCSK, WFT, FRX, CLB, SNDK, CREE); Interview with Jim Rogers, investor, author, and co-founder of the Quantum Fund, who lives in Singapore and is investing in China, Russia, and Myanmar, agriculture, and Chinese airlines (top holdings include FU, HOLI, MSM Holdings, Nok Airlines).

European Trader: Positive on Air Liquide, Linde: Industrial gas companies offer a good opportunity to play a mediocre macroeconomic environment, with each offering a strong pipeline of projects going online in the next year; £3.30 per share Royal Mail IPO, priced at high end of range, is massively oversubscribed, and some private investors will lose out.

Asian Trader: Investors looking for an Asian market thats likely to benefit most from a pickup in demand from the U.S., Europe, and Japan, and an uptick in Chinese growth, should consider Taiwan shares (positive on EWT, TSM, Hon Hai Precision Industries, Pegatron, Inotera Memories, Fubon Financial).

Emerging Markets: For China investors, owning an actively managed fund is probably better than holding an ETF focused on large stocks, many of which arent direct beneficiaries of Chinas rising middle class (positive on MCHFX, FHKCX, OBCHX).

Commodities: Owners of wells and mineral rights are benefiting from growth in U.S. crude production, a situation Derren Geigers Caritas Royalty hedge fund is taking advantage of.

Streetwise: Cautious on HOLX: Turmoil surrounding Affordable Care Act and management turnover havent helped shares, but adoption of its breast-imaging technology should eventually pick up as hospitals replace old mammography equipment; RBS analyst Glenn Novarro predicts shares could be worth $24-31 in a takeout.

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: US Fiscal Crisis Moves Toward Endgame 

- After reacting calmly to the fiscal train wreck underway in Washington, DC last week, financial markets began to display a certain degree of discomfort through the first half of this week. On Monday, the US Treasury's $35B four-week bill sale went very poorly, with the rate hitting its highest level since March 2008, triple the rate of the last four-week auction, as traders continue to shy away from holding short-term US paper. Both Japan and China (the first- and second-largest foreign holders of USTs) demanded that Congress ensure the stability of their very substantial investments, while ratings agencies warned they would reconsider US sovereign ratings if there were no debt limit solution. By Friday, the House Republican leadership looked ready to resolve the crisis and undertake serious negotiations with the White House. Because of the government shutdown there was a dearth of US economic data, and the data that was reported disappointed expectations. The weekly jobless claims hit six month highs on more claims processing issues in California and as government furloughs started to impact the data, and preliminary October University of Michigan confidence fell to its lowest level since January. Minutes of the last FOMC meeting confirmed that the "close" decision not to taper in September was largely based on concerns the debt ceiling debate could hurt the economy, and several Fed Governors and Presidents this week said the government shutdown showed they made the right call. With little fanfare, President Obama nominated Janet Yellen for the Fed Chairman post, making the safe and expected choice for continuity of the Bernanke legacy. Earnings season began with Alcoa, which did very well, and JPMorgan, which saw its first quarterly loss under the leadership of CEO Jamie Dimon. For the week, the DJIA gained 1.1%, the S&P500 rose 0.7% and the Nasdaq tacked on 0.4%.

- The House spent the first half of the week passing piecemeal funding bills while continuing to demand negotiations begin before raising the debt ceiling or funding the government - while the White House demanded both to be resolved before negotiations could begin. Under pressure from polls, the business community, ratings agencies, overseas creditors and party elders, the House GOP leaders began giving up ground on Thursday, at first proposing a 'clean' six-week debt ceiling hike and then on Friday a combined debt ceiling increase and an end to the shutdown in exchange for a package of spending cuts. The new Republican offer would set up negotiations on two tracks: the first to reopen the government and the second to craft a broader budget deal that would fund the government through 2014 and raise the debt ceiling. Reports suggested that if the president accepts the framework, the House could vote Friday on a six-week short-term debt ceiling hike.

- The September FOMC minutes were keenly dissected for any insight into the Fed's taper strategy, although there was little new to be found. The decision not to scale back QE was a close call for some members but many of those members have already said as much in their public statements. Another big focus was the importance of maintaining the distinction between QE taper and low interest rate guidance. There was some discussion of possibly linking a taper decision with expanded forward guidance, with the latter potentially including an inflation floor (no rate hikes until inflation is above 1.5%) or additional information about the Fed's rate hike plans after unemployment reached 6.5%.

- The IMF reduced forecasts for global growth in its World Economic Outlook, warning that emerging economies have cooled off, Europe remains in the doldrums, the US is facing fiscal uncertainty and global ramifications of QE tapering are becoming clear. The IMF cut its 2013 global GDP outlook to +3.1% from +3.3% prior and its 2014 outlook to +3.8% from +4.0% prior. G20 finance ministers also noted the slowdown in emerging markets and told Washington to take urgent action to resolve short term fiscal uncertainties.

- JP Morgan reported its first loss under CEO Jamie Dimon: after adjusting for a titanic $9.2B item for the legal defense fund, the firm lost $308M in its third quarter. The company continues to strive for an umbrella settlement of its outstanding legal issues with the government, but also warned that legal expenses would remain elevated for the next year or two. Wells Fargo's headline earnings and revenue met expectations, but shares declined as investors focused on lower net interest margins, lower loan originations and the end of earnings bumps from loan loss reserves.

- September same store sales showed some improvement, though many apparel and mall chains experienced y/y comp declines or very low gains. The Gap missed expectations by a wide margin, knocking shares down 6% on Friday. JC Penny disclosed September comps only declined 4%, which is a huge improvement over the double-digit declines seen earlier in the year. The firm also made other reassuring comments about a return to more normal business conditions.

- BlackBerry gained 6% this week on various reports detailing how the firm might be divided up and sold. Reports suggest that Google, Cisco, SAP, Intel and others are considering bids for parts of the company, and it appears that Fairfax's tentative offer of $9/share for the whole company won't work. The firms are said to be most interested in Blackberry's secure server network and its patent portfolio. Note that co-founder Lazaridis hiked his stake to 8% from 5.7% prior as rumors swirled he might submit a bid.

- In M&A news, Joseph A Bank offered to buy Men's Wearhouse for approximately $2.3B in cash, or $48/share, a 42% premium to the closing price the day before the offer was made on Sept 17th. Men's Warehouse rejected the deal, claiming it did not fully value the company and did not remedy potential anti-trust concerns. Cooper Tire won a victory in Delaware Chancery Court in a bid to compel India's Apollo Tyres to stop stalling and close on its deal to acquire Cooper. Recall that back in September, an arbitrator blocked the deal unless Apollo could reach an agreement with UAW workers at certain US plants.

- The EUR/USD pair was contained within its 1.3400-1.3700 consolidation range all week. Some dealers believe the pair will run out of steam and head lower, although a retest of the 1.3645 and 1.3710 peaks cannot be ruled out in the near term. The yen lost altitude all week and dropped to eight-week lows against the dollar by early on Friday, around 96.60, and briefly traded below its 200-day moving average for the first time since mid-November 2012. With the glimmers of hope seen in the US fiscal battle, USD/JPY moved higher and closed out the week around 98.50.

- GBP/USD had been driven by the recent stream of positive economic data surprises, though positive data is starting to see diminishing returns as market expectations have risen ahead of the data. The pair saw some volatility and hit session lows after confusion over a Bank of England repo announcement. Initial headlines suggested the operation would be an LTRO, indicating the BOE would follow the lead of the ECB, but was then corrected to say the BOE would hold a Long Term Variable Rate Repo on Wednesday, a standard operation. At its monthly policy meeting, the BOE left both Interest Rates and Asset Purchase Target unchanged at 0.50% and £375B respectively (as expected).

- In other forex news, the Brazil Central Bank raised its SELIC target rate by 50bps, as expected, in a unanimous decision. The Bank of Korea left rates on hold at 2.50% and maintained its 2013 GDP forecast at 2.8% while lowering its 2014 forecast by two-tenths to 3.8%.







TradeTheNews

Oct 11 2013

Uneven day, ending uneven week. Slightly negative day, slightly positive week. A lot of annoying up and downs, in tune with Washington developments. Ended with winning trade which helps. Hopefully this nonsense is over soon, all these "he said she said" headlines sending market up and down are tiresome.

Session Time: Fri Oct 11 00:00:00 2013

03[02:17] * Retrieving #discussions modes...

[09:05] {Les} morning

01[09:05] {@Threei}  morning les

[09:06] {Les} futures ain't waiting. H&S daily time frame dropping thru neckline

[09:06] {Les} silver futures resemble inverted c&h

[09:06] {Les} gold H&S I should say

[09:07] {Les} at least CHF/USD is holding up with fiscal stupidity

[09:07] {Les} can setup Nonko account at relatively good rate

[09:07] {Les} lol finally starting to think like a business person instead of a consumer

[09:09] {cipher} gm

[09:09] {RonS} gm

[09:09] {Les} morning u 2

01[09:09] {@Threei}  cipher, ron :)

[09:11] {Les} winter smacked us in the face last night

01[09:11] {@Threei}  really?

[09:12] {Les} 37F

[09:12] {Les} snow just a little higher

01[09:12] {@Threei}  yikes

[09:12] {Les} don't you be pulling out one of your sunset photos at this point

[09:13] {Les} after 3 months of great summer weather, had to happen

[09:13] {Les} speaking of had to happen

01[09:13] {@Threei}  https://www.facebook.com/photo.php?fbid=542505535828966&set=a.488848774527976.1073741828.483178015095052&type=1&theater :)

06[09:13] * Les slaps Threei around a bit with a large trout

[09:15] {Les} rocks are fabulous colour. lot of iron oxide in 'em I guess

[09:17] {nemo} Politics is a science. You can demonstrate that you are right and that others are wrong. ~ Sartre

[09:17] {nemo} sounds like a wife

[09:19] {Les} marriage - hell pit that sporned politics

[09:19] {nemo} ?

[09:20] {nemo} Vad school of typing?

[09:20] {Les} nah, ain't wasting valuable time on you

[09:20] {Les} think vad's onto something though

[09:20] {nemo} I'm hurt

[09:21] {Les} lot of useless filler that can be dropped in english

[09:21] {Les} you're a big guy

[09:21] {nemo} could say that about most of the people in the world

[09:22] {Les} touché

[09:22] {nemo} or in your case:  douche

01[09:23] {@Threei}  "sporned" - spawned typed by a man trying to concentrate on porn

[09:23] {nemo} he has been married a long time

01[09:23] {@Threei}  I don't judge

[09:24] {nemo} that would be the stone and glass house thing

01[09:24] {@Threei}  I like this version:

01[09:24] {@Threei}  people living in glass houses shouldn't throw orgies

[09:24] {Alexs} gm

01[09:25] {@Threei}  alex :)

[09:25] {nemo} well, what if they have drapes?

01[09:25] {@Threei}  then they should

01[09:25] {@Threei}  must even

[09:26] {nemo} I remember when I first lived in Germany in my early 20's and heard about how when the weather was warm and sunny, lotsa people sunbathed nude in Englische Garten.  I thought cool!!!

[09:26] {nemo} Then I realized, there is more that you don't want to see naked

01[09:26] {@Threei}  then you saw them...

[09:27] {nemo} Frickin'  horrid...

01[09:27] {@Threei}  and wanted to put your eyes out

[09:27] {ese} gm

01[09:27] {@Threei}  ese :)

[09:29] {goinshort} morning all

01[09:29] {@Threei}  gs :)

[09:29] {ese} mornin vad nemo short

01[09:30] {@Threei} Short Setup: GDX  .20 break

01[09:30] {@Threei}  If holds  .25 

01[09:33] {@Threei}  let's cover half here

01[09:34] {@Threei}  stop .24

[09:35] {dino} ssw s s .00

[09:36] {RonS} ssw cancelled secondary...

[09:38] {dino} cov ssw .68, +.32

[09:38] {RonS} gj

01[09:41] {@Threei} Long Setup:  MCD  .60 break

01[09:41] {@Threei}  If holds  .50 

[09:41] {dino} ltd sm l .85

[09:42] {dino} thx ron

[09:44] {ese} dino do you use a live news feed...if so which one

[09:44] {ese} and check ou cray

[09:45] {dino} just whats built into st.smartedge

[09:45] {dino} scanners are picking 99% of trades

[09:45] {ese} tks

[09:46] {dino} early morning, top 25 and bottom 25 % movers

[09:46] {Alexs} still valid?

[09:46] {dino} so look for shorts on big overnight gainers, longs on overnight capits

01[09:46] {@Threei}  no read

[09:46] {cipher} ctrp l.16

01[09:46] {@Threei}  SPY is too hesitant

[09:47] {dino} out ltd .15, +.30

[09:47] {cipher} out ctrp .50 +.34

[09:47] {dino} gj

[09:48] {cipher} npsp  l.51

01[09:48] {@Threei} Short Setup: GLD  .20 break

[09:48] {cipher} out .71 +.20

01[09:48] {@Threei}  If holds  .30 

[09:51] {ese} l npsp .75

[09:52] {cipher} insy l ..89

[09:54] {cipher} out .74 +.51

[09:54] {cipher} make it .61

[09:56] {dino} npsp sm l .35

[09:56] {nemo} 169.90 is R1, so reasonable to expect test of 170

[09:57] {Alexs} you make gld full lot currently Vad?

01[09:57] {@Threei}  yes

[09:58] {dino} out npsp .75, +.40, thx for idea cipher

[09:58] {cipher} CGIX L .86

[09:59] {nemo} wow

[09:59] {nemo} another relentless grind up

[10:00] {nemo} finnies not along for the ride though

[10:02] {dino} cgix sm l .85,

[10:02] {dino} gappy

[10:03] {cipher} I'm with ya dino

[10:03] {dino} you gave me the idea buddy

[10:04] {dino} nxst spike

[10:04] {cipher} DISH L .41

[10:05] {nemo} anf looks short

[10:06] {ese} l ssys .13

[10:06] {ese} I love these stocks ...trun to type and your up .20

[10:07] {dino} that is nice

[10:07] {ese} turn

01[10:07] {@Threei}  no go

[10:09] {ese} out npsp .08 +.33

[10:09] {dino} nxst sm s ave .56

[10:10] {dino} stop .76 -.20

01[10:11] {@Threei} Short Setup: CAT  .80 break

01[10:11] {@Threei}  If holds  .90 

[10:12] {Alexs} is it triggered?

01[10:12] {@Threei}  not yet

[10:12] {Alexs} k

[10:13] {cipher} SSO L .94

[10:13] {dino} out cgix .29, +.44 ty cipher

[10:14] {cipher} np

[10:15] {cipher} did you use EDGA or EDGX to get out?

[10:15] {ese} out ssys .75 +.62

[10:16] {dino} value added research, jefferys raises igte to 29 from 19. thing closed 30.50

[10:17] {cipher} out CGIX .00 +.14

[10:17] {ese} hmmmmmmmm  i don't see a .75 print for ssys......i see .70's but no .75

[10:17] {Alexs} I wouldn't let Republicans market an iPad when it came out," he said. "They can't market anything." 

[10:17] {Alexs} {Jack Welch}

01[10:18] {@Threei}  he is right

[10:18] {ese} i don't give a rats sweet patute cause i've got my money but that seems odd

[10:18] {nemo} what seems odd?

[10:18] {dino} igte sm s .66

[10:18] {cipher} PBPB l.39

[10:19] {ese} the fact that i got filled at .75 and when i looked at the time and sales all i saw was .70 prints

[10:19] {nemo} market order?

[10:19] {ese} take a look at the 10:16 time frame prints

[10:20] {dino} sometimes they miss

[10:20] {nemo} what exchange filled you?

[10:20] {cipher} out PBPB .69 +.30

[10:20] {ese} one says bats......the other 4 are nasdaq

[10:21] {cipher} SSO stopped .90 -.04

[10:22] {ese} ahhhh matters not.................questrade probably filled that in house i would imagine

[10:24] {dino} smartex mixes them for me ese

[10:25] {cipher} PBPB l.83

[10:25] {cipher} SSO L.84

[10:25] {cipher} expecting new high on SPY

[10:26] {ese} i'm sure something like that happened

[10:26] {dino} 07 green, speeding up

[10:27] {dino} cov igte .74 -.08

[10:28] {Alexs} cat stop still .91?

[10:29] {dino} rinsed

[10:29] {dino} or not

01[10:30] {@Threei}  .86 is possible now

[10:33] {Les} GLD ready to crap itself

01[10:34] {@Threei}  GDX already does

[10:34] {Les} leveraged ugliness

01[10:34] {@Threei}  overall though, very narrow and slow action

[10:35] {Les} missed the first hour, kids cross country for end of term just happened

[10:35] {Les} thought I'd just gotten rid of the little monsters for another year...

[10:35] {Alexs} CAT doesn't want to die

[10:36] {cipher} ssO stopped -.08

[10:36] {dino} nxst sm s .74

[10:37] {nemo} spy if gonna' bounce between here and .20

[10:38] {cipher} nxst s .74

[10:38] {dino} aegr

[10:39] {cipher} aegr L.05

[10:40] {cipher} out .75 thx dino

[10:41] {cipher} NXST stopped .85 -.11

[10:42] {cipher} fast drop

[10:42] {cipher} FAST l.40

[10:43] {cipher} out .50

[10:44] {Les} that was fast

[10:44] {nemo} ese...rim shot

[10:44] {cipher} what Les?

[10:44] {nemo} Les made a funny

[10:45] {Les} obviously

[10:45] {Alexs} are you in CAT trade Vad?

[10:45] {nemo} what?  forgot to laugh Cipher...understandable

[10:45] {nemo} it's Les

[10:45] {cipher} aha :)

06[10:45] * Les takes a bow

[10:45] {nemo} don't encourage him

[10:45] {cipher} it was actually kinda slow

06[10:45] * Les slaps nemo around a bit with a large trout

[10:46] {cipher} despite what the symbol is suggesting

[10:46] {ese} nemo......watch your emails.....I sent you something.   

[10:48] {ese} mornin Les

[10:48] {nemo} who is that?  Person?

[10:48] {dino} cov nxst flat, bad entry

[10:48] {Les} hey ese

01[10:49] {@Threei}  alex?

01[10:49] {@Threei}  why not?

[10:50] {dino} obummr/repub meeting 11:30 i think

[10:50] {cipher} IBB L.91

01[10:50] {@Threei}  not anymore

[10:50] {Alexs} cat doesn't look alive may be time to scratch it

01[10:50] {@Threei}  yes

[10:51] {dino} lulu gap fill

[10:51] {dino} sm l .14

[10:54] {Les} GLD trying to breakout

[10:57] {cipher} +.31 LULU thx dino

[10:57] {ese} i'm here les

[10:57] {dino} yw, gj

[10:57] {cipher} out IBB .42 +.51

[10:58] {dino} out lulu .47, +.43

[10:58] {dino} opps .33

[10:59] {cipher} gj

[10:59] {ese} nemo....ya there

[11:01] {cipher} don't feel good today... calling it a week

[11:01] {cipher} good weekend all

[11:01] {ese} have a great weekend c

01[11:02] {@Threei}  take care cipher

[11:03] {ese} are the mrkts open monday

[11:03] {Les} cheers ci

[11:04] {Les} potential cup and handle GDX

01[11:04] {@Threei}  yes ese

[11:04] {ese} tks

[11:04] {Les} doing a traffic cop course tomorrow

[11:05] {Les} gonna be on the street as target practise for drivers all next week

[11:05] {Les} scored the morning shift, so can be here in afternoons for opening

[11:05] {Les} nice to have income coming in on the side

[11:07] {ese} indeed

[11:09] {Les} c&h failure on GDX, but shit this is slow.

[11:13] {Les} bearish divergence and and SPY short opp at .50 here

[11:13] {Les} sorry IWM

[11:14] {Les} see if it can DT at .60

[11:17] {RonS} Russia mounts last-ditch offensive to torpedo Ukraine’s shift toward Europe | http://bloom.bg/17tGdcH

[11:17] {Les} might be high for the day there in IWM

[11:20] {Les} EU will screw over Ukraine more effectively than Putin.

01[11:21] {@Threei}  no one can screw Ukraine more effectively than Ukraine

[11:21] {Les} oof

[11:21] {Les} GLD following GDX back down

01[11:22] {@Threei}  it proved its superiority over everyone else in that regard

[11:22] {Les} after Greek cover up of its entry into EU, surprised to see Ukraine gain acceptance

[11:22] {Les} or even possibly gain acceptance

01[11:23] {@Threei}  how do you manage to stay bankrupt with the richest soil in Europe, with abundance of coal and iron, amazing beaches of Crimea etc etc

01[11:23] {@Threei}  takes special talent

01[11:24] {@Threei}  - Gold trading was temporarily halted on the CME for 10 seconds this morning at 08:42ET for a "stop logic" event. A big trade knocked $25 off the price in a two-minute span, triggering the move.

[11:24] {Les} imagine Brussels would be happy to learn how its done

01[11:24] {@Threei}  This sort of development can have outsized impacts in less liquid markets. Spot gold dropped from approx $1,290 to $1,264 very rapidly, where it remains currently, around lows last seen in mid-July. Adding to the weight, a Goldman analyst called selling gold after the shutdown ends a slamdunk trade.

[11:36] {Les} never short a dull market. back for close

01[11:37] {@Threei}  (US) Reportedly House Republicans are said to be offering a combined debt ceiling increase and an end to the shutdown in exchange for a package of spending cuts - financial press- Separately, Senior House Rep Hoyer (D-MD) commented that the bill proposed to raise debt ceiling temporarily and open the Govt is likely to pass

01[11:56] {@Threei} Short Setup: IWM  .95 break

01[11:56] {@Threei}  If holds  107 

[11:59] {nemo} going at least to .15

01[11:59] {@Threei}  meh

[12:00] {nemo} the rally to new highs is on

01[12:12] {@Threei} Short Setup: IWM  107 break

01[12:12] {@Threei}  If holds  .10 

[12:17] {Alexs} no go

01[12:18] {@Threei} Long Setup:  WMT  .50 break

01[12:18] {@Threei}  If holds  .40 

[12:21] {dino} nxst sm s .11

[12:21] {dino} bstop .26

[12:45] {Alexs} mu short .10 on recross?

[12:45] {goinshort} Thanks Vad - gotta call it a week - be back Monday

[12:47] {nemo} no shorts, repubs capitulated

01[12:47] {@Threei}  take care gs

01[12:47] {@Threei}  looks about right alex

[12:50] {dino} nxst stop

[12:52] {dino} just thinking (which i know i shouldn't), but we are close to a deal and helicopter yellen (who's more free w/$ than ben) is taking over in jan. hmmmm...

[12:56] {nemo} looks like iwm going for all time highs today

[12:59] {nemo} should get a big gap up on Monday if they sign agreement over the weekend

01[12:59] {@Threei}  weho knows dino

01[12:59] {@Threei}  all components seem to be in for a further rally

[13:00] {Alexs} fb nice c&h

01[13:00] {@Threei}  but at the same time, taper is more and more on the mind of many fed voting members

[13:00] {nemo} with her of the opinion that unemployment is cyclical and not structural, lots of printing coming

01[13:00] {@Threei}  and it has been well known that yellen is #1 candidate for a good while

[13:00] {nemo} Yeah, but she calls the shot regardless of the votes

[13:02] {dino} thinking as you are nemo, print like mad

[13:02] {nemo} there won't be any taper through the holiday season

[13:02] {nemo} this "shutdown" gave them even more cover

[13:03] {dino} none until after she gets in in '14

[13:04] {nemo} IWM just keeps going

[13:08] {nemo} fas headed for gap

01[13:46] {@Threei} Short Setup: IWM  .40 break

01[13:46] {@Threei}  this one should finally do

[13:47] {nemo} funny, I'm looking for indexes to bounce a bit here

[13:47] {Alexs} it's not funny nemo 

[13:48] {nemo} funny strange

01[13:48] {@Threei}  nemo doesn't get out much, alex

[13:48] {Alexs} lol

[13:48] {nemo} if it doesn't bounce by .30, 107.20 then 107 test

[13:51] {Alexs} that sounds better

[13:55] {nemo} you'll listen and you'll like it

[13:56] {nemo} I'm betting on big gap up Monday

[13:58] {nemo} http://nyti.ms/1gwVUrn

[13:58] {dino} pop and drop monday, my bet

[13:59] {nemo} debating on the fade part, think it might wait until turn around Tues or Wed.

01[14:00] {@Threei}  I would offer to make bets but we risk to forget them over the weekend... so let's do it on Monday :)

[14:01] {nemo} if you write it here we'll be able to look it up

01[14:01] {@Threei}  you assume that we remember we wrote it to look it up

01[14:01] {@Threei}  that's not a given at all

[14:02] {nemo} nevermind

[14:04] {nemo} http://bit.ly/1gwWRA1

01[14:04] {@Threei}  I don't like this friday at all

01[14:04] {@Threei}  slow, random, jellyfishy

[14:05] {Alexs} I don't like october at all

[14:10] {dino} i'm w/ya alex

[14:10] {nemo} this shutdown has thrown an extra dynamic into the works

01[14:26] {@Threei}  still think GLD should sell off closer to eod

01[14:34] {@Threei}  hmmm... it doesn't wait that long

01[14:34] {@Threei}  should have shorted .30

01[14:36] {@Threei}  let's see if we get a bounce

01[14:36] {@Threei}  to short into

[14:36] {Alexs} .20?

01[14:37] {@Threei}  I would feel safer at .30

01[14:37] {@Threei}  and with all this semi-random up and down we might just get it

[14:44] {Alexs} so we r in?

01[14:45] {@Threei}  waiting for it to go over .30

[14:45] {Alexs} k

[14:45] {nemo} finnies may break higher, this important level for iwm

01[14:46] {@Threei} Short Setup: GLD  .30 break

01[14:47] {@Threei}  If holds  .35 

[14:50] {Les} .

01[14:51] {@Threei}  good popint

[14:51] {Les} good vad english

[14:52] {nemo} Remember the scene in Goodfellas when the guys lay bets at the track, and then see that the bad luck guy has bet on their favorites?  That's what it feels like when Les shows up...

[14:52] {Alexs} lol

[14:52] {Les} don't work that brain so hard

[14:52] {nemo} I don't, you naturally bring it out in me

[14:53] {nemo} shorts should work here

[14:54] {nemo} mmhhh, spy only 70 mil traded

[14:55] {nemo} gdx starting to look like rebate trading

01[14:56] {@Threei}  38% Give Obama Positive Marks for Deficit Reduction.

01[14:56] {@Threei}  really?

01[14:56] {@Threei}  number of people who can't tell up from down and right from left is that high?

01[14:57] {@Threei}  and I mean right and left in direction sense, not political

[15:00] {nemo} ohoh...another run higher is shaping up

[15:01] {nemo} it's official, I don't know where it's going

[15:02] {dino} lol

[15:03] {Les} u were right first time. 15 and hourly lining up with good consolidation in 1 min

[15:04] {nemo} yeah, but how much is it gonna' give up...don't feel any momentum

[15:04] {Les} good for a scalp so far...

[15:05] {RonS} dino, thinkin we should be dogging MYGN monday for capitulation volume

01[15:05] {@Threei}  GM Reportedly to increase prices for the Chevy Silverado and Sierra by $1500, along with incentives valued at $1500 - financial press

[15:05] {nemo} dogging sees so you Ron

01[15:05] {@Threei}  totally makes sense

[15:05] {dino} ok ron, on screen

[15:06] {nemo} I can see Ron on all fours, baying at the moon, lifting his leg to pee

[15:06] {nemo} licking his...

[15:06] {Les} chops

[15:06] {RonS} woof

06[15:06] * Les slaps nemo around a bit with a large trout

[15:07] {nemo} Les, your overdoing the trout

[15:07] {nemo} you're

[15:07] {dino} bark- all i see is downgrade

[15:08] {Les} need to preset some other options

[15:08] {Les} ballpin hammer would be nice from time to time

[15:08] {Les} variation and all that

[15:08] {dino} my dog can talk.. whats over house? roof. who's that? ruth, whers my golf ball? rough. whats on that tree? bark

[15:08] {dino} wow, my mind needs a drink

[15:09] {RonS} need will here for that one...

01[15:09] {@Threei}  lol

01[15:09] {@Threei}  will betrayed us for his heated pool today

[15:11] {nemo} see what I mean Les, probably not, it would be obvious to a 3rd grader though

[15:12] {Les} huh?

[15:13] {nemo} 'nuff said

[15:13] {Les} the dog or the market?

[15:14] {RonS} young st bernard in area...doesn't slobber...beautiful dog...even friendly...past breed experience is that they are extremely territorial...

[15:17] {Les} MYGN almost looks ready to lift here...

[15:17] {dino} they are cool looking dogs

[15:21] {RonS} lol...BlackBerry founders join parade of dudes who want to buy back their companies.Quit it! Consider a pizza parlor.

[15:28] {Les} http://tinyurl.com/jvzht9t

[15:28] {Les} Fleck whiffing the end of Fed taming with printing press

[15:28] {Les} on the lines of our discussion yesterday Alex

[15:29] {Les} MYGN short covering into close?

01[15:32] {@Threei} Short Setup: GDX  .10 break

01[15:32] {@Threei}  If holds  .15 

[15:35] {Alexs} So Les you think that guy knows a lot about Yellen's brain?

01[15:36] {@Threei}  probably not but how is he going to make a living if he admits that, alex

[15:37] {Alexs} lol

01[15:37] {@Threei}  re,e,ber that russian saying... (swear verb) is easier than to turn heavy bags

[15:38] {Alexs} rofl

01[15:38] {@Threei}  :)

[15:38] {Alexs} pizdet ne meshki vorochat

[15:38] {nemo} Les doesn't even know much about his own

01[15:39] {@Threei}  eqzaktly

[15:41] {Les} You're assuming that Yellen and a printing press is only game in town Alex

01[15:41] {@Threei}  let's cover half here

01[15:42] {@Threei}  stop to .11

01[15:42] {@Threei}  want to make sure we end up with profitable tarde

01[15:42] {@Threei}  what do you mean Les?

[15:43] {Les} hearing talk of Washington toying with idea of offloading public pension to private asset management

[15:43] {Les} not sure what amount is in that pot

01[15:43] {@Threei}  I can't see current administratikon doing anything of sorts

[15:44] {nemo} if anything they want it all in the public sector

01[15:44] {@Threei}  if anything, they'll ride it and confiscate it

01[15:45] {@Threei}  and move what's managed by private sector to public

[15:47] {dino} les you were right on mygn

01[15:48] {@Threei}  dino, you just put a knife in nemo's heart and turned it three times

01[15:48] {@Threei}  slowly

[15:48] {Les} bullish divergence suggested it, needed indexes to go along which they did

[15:48] {nemo} even a blind squirrel finds a nut every once in a while

[15:49] {Alexs} what happened to FB today? no belief in a bright future?

[15:49] {Les} love ya nemo

01[15:50] {@Threei}  it's not down that much

[15:51] {Les} http://tinyurl.com/krq45bj

[15:51] {nemo} He's a republican, it will never happen

[15:51] {Les} If the banks can get into that game, then you don't need the Fed

01[15:51] {@Threei}  come on

01[15:52] {@Threei}  republican senator said he wants to do this

01[15:52] {@Threei}  who cares

[15:52] {Les} sure sure

[15:52] {nemo} Democrats would never give him a victory

[15:52] {Les} let's see where 'pension reform' goes

01[15:52] {@Threei}  in opposite direction to what he suggests

[15:53] {Les} but I suspect tinkering to help balance the budget at some point

[15:53] {Les} yeh he's suggesting non-govt market based blah blah blah

01[15:54] {@Threei}  yes - when republicans take presidency, senate and house

[15:54] {dino} which may be never to get all 3

01[15:54] {@Threei}  there you go :)

[15:54] {Les} After the resounding success of Obamacare for everyone, one could see the scheme being flipped to serve Washington...

01[15:54] {@Threei}  this train goes one way I am afraid

[15:55] {Les} anyway too much idle speculation on my part.

[15:55] {Les} outta here bon weekend

01[15:55] {@Threei}  take care

[15:56] {dino} calling it a week too. thx all

01[15:56] {@Threei}  ok guys

01[15:56] {@Threei}  covering balance of GDX under 23

01[15:57] {@Threei}  or at .59

01[15:57] {@Threei}  15:59 that is

01[15:57] {@Threei}  thank you all, have a great weekend

01[15:57] {@Threei}  see you on Monday

01[15:59] {@Threei}  out