Aug 22 2013

Another very nice day, even though without yesterday's fireworks but solidly in black. No complaints about boredom, we like it boring and profitable. 

Session Time: Thu Aug 22 00:00:00 2013
[09:18] {Alexs} gm
01[09:18] {&Threei}  morning alex
[09:27] {cipher} gm
[09:27] {RonS} gm
01[09:27] {&Threei}  cipher, ron :)
01[09:27] {&Threei}  ron, missed beautiful day yesterday...
[09:28] {nemo} maybe he was getting laid
01[09:28] {&Threei}  mazeltov, but... whole trading day??
[09:29] {nemo} good point...it is Ron
[09:29] {+cc_9} gm everyone
01[09:29] {&Threei}  cc :)
01[09:29] {&Threei} Short Setup: GDX  .35 break
01[09:30] {&Threei}  If holds  .42
01[09:31] {&Threei}  meh
[09:31] {+cc_9} SHLD battered, considering a trade if gets over $40
01[09:31] {&Threei} Long Setup:  C  .75 break
01[09:31] {&Threei}  If holds  .65
01[09:32] {&Threei}  Invalidated
01[09:32] {&Threei} Long Setup:  C  .65 break
01[09:32] {&Threei}  If holds  .60
01[09:33] {&Threei}  change to .60 break
01[09:33] {&Threei}  If holds  .55
01[09:35] {&Threei}  1:1
[09:35] {+cc_9} SHLD starter
01[09:37] {&Threei}  1:2
[09:37] {+cc_9} ANF i think is a trap, won't touch.
01[09:40] {&Threei}  1:3, out in full
01[09:41] {&Threei}  that was fruitful bottom fishing
[09:41] {Alexs} nice call
01[09:41] {&Threei}  can fish be a fruit?
01[09:44] {&Threei} Long Setup:  GLD  .75 break
01[09:44] {&Threei}  If holds  .65
[09:45] {+cc_9} ANF whoa, trap was only in my mind with these kind of gap down plays
[09:46] {+cc_9} out SHLD - $0.65
[09:46] {+cc_9} that was the trap ...
01[09:46] {&Threei}  so you picked wrong trap...
[09:47] {+cc_9} while trying to dodge one, i stepped on a mine
[09:49] {nemo} just call you stumpy
01[09:51] {&Threei}  come on already GLD
[09:52] {+cc_9} SHLD round 2, starter, $39 tested twice
[09:52] {nemo} c'mon vad how 'bout a coupla' 1:10ers
[09:52] {+cc_9} on daily and pre-M
01[09:53] {&Threei}  finally... 1:1
01[10:00] {&Threei}  *(US) JULY LEADING INDEX: 0.6% V 0.5%E
[10:00] {+cc_9} need .85 bid SHLD
01[10:00] {&Threei}  (IL) Reports of rockets being fired from Lebanon into Israel
01[10:05] {&Threei}  ugh GLD... why did you have to rinse second half
01[10:05] {&Threei}  why oh why
[10:07] {dino} noah, beat, drops hard
01[10:07] {&Threei} Short Setup: GDX  .80 break
01[10:07] {&Threei}  If holds  .85
[10:08] {nemo} 59ish very important for DECK
[10:10] {dino} noah sm l .50
[10:10] {Alexs} gdx valid?
01[10:10] {&Threei}  yes
01[10:11] {&Threei}  with stop above high of course
01[10:12] {&Threei}  1:1
[10:13] {cipher} dino are you watching YY?
[10:13] {nemo} yep
[10:13] {dino} yes
[10:13] {dino} noah, swi, yy, bke
[10:14] {nemo} look to reshort in the .50 are imo
[10:17] {nemo} apa could be a niche short under .40 if it holds the high here
[10:17] {nemo} could go back to 78
[10:17] {nemo} nope
[10:18] {nemo} I guess until spy gets to 165.88-166 we go up
[10:19] {+cc_9} ANF, the trap that was not a trap
[10:20] {dino} bke sm l .74
01[10:20] {&Threei}  how inelegant
[10:20] {nemo} I'm seeing that scene from The Princess Bridge again
01[10:20] {&Threei}  "the trap that wasn't"
01[10:20] {&Threei}  now that's proper english
[10:24] {dino} swi .00 break l trig
[10:27] {+cc_9} SHLD for f**k sake, get through $40 before i pass out
[10:27] {+cc_9} nice!
[10:28] {+cc_9} out SHLD $0.75
[10:31] {dino} reload noah .00
01[10:33] {&Threei}  trail to .76
01[10:34] {&Threei}  1:2
[10:35] {Alexs} .71 now?
[10:35] {nemo} YY  next short area around 38
01[10:35] {&Threei}  yup
[10:37] {dino} out bke .44, +.70
[10:37] {dino} back in 15
[10:41] {+cc_9} SPY approaching 166 from yesterday
[10:42] {nemo} just touched the 50 day
01[10:48] {&Threei}  OH woman uses 50 stolen identities to collect unemployment in 8 states
01[10:48] {&Threei}  I don't get it... this must be full time job
01[10:53] {&Threei}  friking GDX... took 1:3 from us
[10:55] {+cc_9} nice call on NOAH dino
[10:55] {+cc_9} .30s bidding
[10:58] {+cc_9} SPY rejected at the 166 range
[11:09] {dino} thx cc9
[11:22] {dino} you guys finding anything?
01[11:22] {&Threei}  nope, stall
[11:26] {+cc_9} Market fade, that's about it
[11:36] {dino} swi sm l .01
01[11:37] {&Threei} Short Setup: GDX  .50 break
01[11:37] {&Threei}  If holds  .55
01[11:43] {&Threei}  1:1
06[11:44] * &Threei sings "fiiish in a barrel" to the tune of "smoke on the water"
[11:48] {robbers} Out in full, thanks.
[11:48] {robbers} Nice call, again.
01[11:49] {&Threei}  :)
[11:57] {dino} out swi .49, +.48
[11:58] {Alexs} do you remember the begining of that song Vad?
01[11:58] {&Threei}  no... remind me
[11:58] {nemo} They all came out to Montreaux on the Lake Geneva shoreline
[11:58] {Alexs} We all came out to Montereax,
[11:58] {Alexs} On the Lake Geneva shoreline.
01[11:59] {&Threei}  oh boy
01[11:59] {&Threei}  Les
01[11:59] {&Threei}  lol
[11:59] {Alexs} devoted to Les
[11:59] {nemo} yep
[11:59] {nemo} yeah, they're keyboardist died earlier this year
[11:59] {nemo} their
[11:59] {nemo} wtf
01[12:00] {&Threei}  Analysts continue to debate the real meaning of the FOMC minutes out yesterday afternoon. The WSJ's Hilsenrath asserted that the minutes reaffirm the Fed's existing timetable, which suggests the taper could begin as early as September.
01[12:00] {&Threei}  Others highlighted apparent growing uncertainty about the labor market and continuing low levels of demand. Many have pointed out that "a few" officials warned against putting too much attention on the "illustrative" 7% unemployment threshold and that "several" officials said they were "willing to contemplate lowering the unemployment rate threshold."
01[12:08] {&Threei} Long Setup:  C  .80 break
01[12:08] {&Threei}  If holds  .74
01[12:08] {&Threei}  .75
[12:18] {dino} zzzzzzzzzzzzzzzzzz
01[12:20] {&Threei}  frikin GDX
[12:21] {+cc_9} volume dying, its about that time
[12:22] {Alexs} nsdq listed symbols halted
[12:23] {nemo} http://bit.ly/1767Zh1
01[12:23] {&Threei}  http://www.theguardian.com/world/video/2013/aug/22/russian-military-hovercraft-beach-video
[12:23] {nemo} saw that
[12:24] {+cc_9} Alex, what do you mean ?
[12:24] {nemo} ?
01[12:24] {&Threei}  Nasdaq $NDAQ says halting trading in all tape C securities
01[12:24] {&Threei}  The Nasdaq Stock Market, Inc Reports that the company is experiencing issues with stock quote dissemination- reference: http://www.nasdaqtrader.com/Trader.aspx?id=MarketSystemStatus
[12:26] {dino} that explains why my acct just said -1363 with a positive day going
[12:26] {bbobr} my Nasdaq orders are getting canceled by themselves
[12:27] {nemo} that's me
[12:28] {cipher} no issues here
[12:28] {dino} schwab reporting errors on quotes
[12:28] {cipher} what ecn bbobr?
[12:29] {+cc_9} QQQ frozen
[12:29] {cipher} time to dump uncle schwab
[12:29] {dino} option bids out of whack
[12:29] {cipher} they suck
01[12:30] {&Threei}  dino is luddite
[12:30] {nemo} better than a Phillistine
[12:30] {nemo} Les was both
[12:30] {nemo} is
[12:32] {cipher} Vad, you are forcing me to open a dictionary
[12:34] {bbobr} have changed route to ARCA, holding so far
[12:34] {cipher} :)
01[12:34] {&Threei}  sorry cipher... nemo made me a sadist
[12:34] {cipher} sometimes the solution is very simple bbobr
01[12:35] {&Threei}  vvovr, whole NASDAQ has troubles, why would you want to trade it now
01[12:35] {&Threei}  bbobr, sorry
[12:35] {Alexs} why are you dissatisfied with GDX Vad?
[12:35] {dino} always picking on dino
01[12:35] {&Threei}  you won't believe it Alex
01[12:35] {&Threei}  here goes:
[12:36] {nemo} my fault...sheesh...Vad going liberal, it's always somebody else's fault...frickin' twinky defense
01[12:36] {&Threei}  I forgot that trigger was .50, and when it went over .45 I closed second half
01[12:36] {&Threei}  than swore at it when it went to 1:2
01[12:36] {&Threei}  then realized if was my idiocy and not its fault
[12:36] {cipher} I thought no liberals were allowed here
[12:37] {nemo} ese's the token lefty
01[12:37] {&Threei}  then it went to 1:3 and I pretended I don't see it
[12:37] {nemo} unionized teacher
[12:37] {nemo} and musician
[12:37] {nemo} can't get much worse
01[12:37] {&Threei}  and then you had to remind me what an idiot I was
[12:37] {Alexs} sorry lol
[12:37] {nemo} don't worry Vad, I'm sure your wife will before the day is done
01[12:37] {&Threei}  sorry? I am about to dive into 3-days long drinking abyss... sorry won't cut it
[12:38] {nemo} why only 3?
[12:38] {dino} lol
[12:39] {cipher} I'm starting soon
[12:39] {cipher} martini time
01[12:39] {&Threei}  well, it may be longer but I can count to 3 only
[12:39] {nemo} Reminds me...I have to drink a bottle of Jack with a friend of mine on Saturday
01[12:39] {&Threei}  Jack? isn't it blended?
[12:39] {nemo} I just drink it
[12:39] {cipher} why not upgrade to a nice 18 yo scotch???
[12:40] {+cc_9} I wonder if they bring the data stream gradually or at once, it could feel like holding a piss for hours
[12:40] {nemo} It's his bottle
01[12:40] {&Threei}  no kidding... single malt or nothing
[12:40] {cipher} yep
01[12:40] {&Threei}  GDX, anyone played it to 1:3?
[12:40] {nemo} Frankly, I've become a rum fan
01[12:41] {&Threei}  and cipher... if you ever win a lottery or get inheritance, do your palate a favor and buy a bottle of Hennessy Paradis
[12:41] {cipher} Macallan 18 will do it for me every time
[12:41] {nemo} Got a funny story
[12:41] {nemo} My uncle was an oenophile
[12:42] {nemo} get your mind out of the gutter Vad
[12:42] {bbobr} I like 12 better
[12:42] {nemo} Anyway, so he used to always drink some nice wines when I'd visit
[12:42] {nemo} So, he got a Bernkastler Doktor Beerenauslesen from one of the premier vintages
[12:43] {nemo} Tells me we'll drink it after his wife goes to bed so we don't have to share it
[12:43] {nemo} my kinda' guy
[12:43] {nemo} Geez, hope she doesn't read this blog
[12:43] {cipher} lol
[12:44] {nemo} got a not so funny related story
[12:44] {cipher} luckily I don't have that problem
[12:44] {nemo} I was visiting him when he was stationed in Munich
[12:44] {cipher} my wife doesn't drink
[12:45] {cipher} not because she wouldn't want to...
[12:45] {cipher} she can't :)
[12:45] {nemo} His boss is coming to dinner, so he tells me to open...now get this, a 1948 Chateau Lafite Rothschild around noon so it will be ready for dinner
[12:45] {cipher} as in she can't handle it
[12:45] {nemo} Ok so I get the bottle out
[12:45] {nemo} As I'm peeling the lead off the top of the bottle, I notice the cork looks pretty bad
[12:46] {nemo} So, I try to open it but the cork just crumbles into the bottle, and you can smell the vinegary smell
[12:46] {nemo} So I have to call him...never had heard him cry before
[12:47] {nemo} Oh another uncle story....
[12:47] {nemo} I'm visiting when they had moved back to the states down in Maryland in August, I had just gotten out of grad school
[12:47] {nemo} So, they want to go away to this thing for the weekend, so I offer to dog sit
[12:47] {nemo} Thing was ancient
[12:48] {nemo} Of course, their airconditioning dies in August in Maryland
[12:48] {nemo} So, I keep the dogs water filled and try to keep it in the shade
[12:48] {nemo} Wouldn't you know it gets heat stroke
[12:48] {nemo} Bring the thing to the vet
[12:49] {nemo} They say $1500 worth of steroids with no guarantees for such an old dog, or euthanasia
[12:49] {nemo} Oy frickin' vay...
[12:49] {Alexs} C reversal?
[12:49] {nemo} Well, chose the latter
[12:49] {dino} remind me not to have you watch my dog
[12:49] {nemo} That was a fun conversation when they returned home from their weekend
01[12:49] {&Threei}  not sure alex... 50/50
[12:49] {nemo} Eh, doing well with the rabbit so far
[12:51] {nemo} btw...dino, I much prefer animals to people
[12:51] {nemo} I'm happy to let people rot (is that harsh)
[12:51] {nemo} I always try to save animals
[12:52] {nemo} my kinda' guy:  http://bit.ly/176cgRp
[12:52] {+cc_9} Market coming down at last
01[13:40] {&Threei}  missed double bottom on GDX
01[13:40] {&Threei}  ugh
[14:00] {dino} .
[14:01] {Alexs} flash freeze
[14:03] {Alexs} now they blame hft for nsdq
[14:05] {dino} surprised they don't blame the shorts
[14:07] {Alexs} next step
[14:09] {Alexs} that goes 1%
[14:09] {Alexs} that=than
[14:10] {+cc_9} worst case
[14:10] {+cc_9} they open them under another exchange
[14:11] {Alexs} in china?
[14:12] {nemo} alex made a funny
[14:15] {Alexs} are you whatching GDX Vad?
01[14:15] {&Threei}  yes
[14:15] {nemo} how about a spy short?
[14:16] {nemo} finnies relative weakness
[14:17] {+cc_9} Egypt's Hosni Mubarak released from prison
[14:17] {+cc_9} oh boy, here comes another wave
[14:18] {Alexs} I knew that justice will prevail
01[14:20] {&Threei}  justice?
01[14:20] {&Threei}  what's that?
01[14:20] {&Threei}  oh wait... it's that blind woman with very promiscuous incilnations?
[14:21] {Alexs} no am serious
01[14:21] {&Threei}  so am I
[14:24] {RonS} hearing naz reopen at 45 on the hour...
01[14:28] {&Threei}  The Nasdaq Stock Market, Inc To re-open trading in all Tape C securities with a 15-minute quote only period at 14:30ET, trading to begin at 14:45ET- NASDAQ intends to re-open trading in all Tape C securities with a 15-minute quote only period. All stale quotes have been cleared from the UTP SIP at this time and halts have been disseminated with a reason code of T6. NASDAQ will first re-open trading in symbols ZVZZT and AAIT with a 15-minute quoting period beginning at 14:30, with trading beginning at approximately 14:45. All other securities will then be released at 14:55 with a 15-minute quote only period with trading resuming at approximately 15:10. NASDAQ will not be cancelling open orders on the book prior to a re-open. Customers who wish to cancel their orders may do so and any customer who wishes to not participate in the re-opening should cancel their orders prior to the resumption of trading.
[14:28] {dino} flt spike
[14:31] {dino} flt sm s .89
01[14:35] {&Threei}  (US) Fed's Fisher: Personally, the data I have seen makes me believe that Sept is the time to begin the taper; I am not alone in that belief- There is no QE infinity. - There are huge obstacles to job creation.
[14:36] {nemo} free stock charts all screwed up
[14:37] {RonS} unreal lack of movement...volatility to zero?
[14:37] {nemo} kinda' like Les' brainwave activity
[14:38] {dino} flt stop -.35
[14:38] {RonS} lol...L’Oreal barred by EU from testing on animals, while China requires it | http://bloom.bg/16OhTaL
[14:39] {+cc_9} 2011 Mubarak tells people he will step down and let army run things while he goes to "jail" (jail = club med)
[14:39] {+cc_9} Military plays the joke of democracy, people vote
[14:39] {+cc_9} MB wins elections, 1 year later coup
[14:39] {+cc_9} Mubarak released, no charges stick
[14:39] {+cc_9} all heads of MB in jail
[14:39] {+cc_9} This was all a big farce.
[14:39] {+cc_9} A damn elaborate one.
[14:42] {Alexs} may be it's not so bad to get all heads of MB in jail
[14:42] {+cc_9} Why ?
[14:43] {+cc_9} If they were voted in power, isn't it democratic to let them serve their term ?
[14:44] {Alexs} yeah it's democratic
[14:44] {Alexs} but what's in that for america
[14:46] {RonS} ya well, in Japan in the '10's and 20's the militarists and rights literrally killed all of the moderate and liberal politicians...then elected themselves...
[14:47] {RonS} if the people had risen up...like in Egypt...maybe there would not have been WWII
[14:48] {dino} flt sm s .10
[14:51] {Alexs} I think that the power of MB is the best way to WWIII
[14:53] {RonS} the real uprising was the initial against the MB...what is going on now is a minority, the MB, trying to turn a tide...
[14:55] {+cc_9} What is going on now is not a minority Ron
[14:55] {RonS} the military backed it because the direction of the MB was to get them involved in a war...and that gets them killed...
[14:55] {+cc_9} It is being portrayed as if it were only a minority rising, its not.
[14:55] {RonS} big country cc...how do you figure?
[14:55] {+cc_9} More and more people are seeing the brutality the army is using against civilians, regardless if they are bearded or clean shaven, still civilians.
[14:55] {+cc_9} They cannot trust an army that shoots live ammo at people in a tent
[14:56] {+cc_9} add to it the fact Mubarak was just released, which is an insult, I think more people will rise and unite.
[14:56] {RonS} meantime tgt 120 day low
[14:58] {dino} rnr odd
[15:00] {RonS} lol:  BREAKING: Obama Planned Speech this evening: "Osama Bin Laden is Dead and Nasdaq is Alive!"
[15:00] {+cc_9} here comes the short bus
[15:00] {+cc_9} " $AAPL $TSLA this wasn't a glitch @CNBC we have proof on video of MM's posting EXTREMELY LOW bid/ask skewing the price and scaring everyone "
01[15:00] {&Threei}  lol
[15:00] {Alexs} zvzzt and aait still halted
[15:02] {dino} flt stop again
[15:05] {+cc_9} AAME nasdaq stock opening
[15:06] {+cc_9} lol @ the volume
01[15:10] {&Threei} Long Setup:  GDX  .40 break
01[15:10] {&Threei}  If holds  .35
[15:17] {dino} flt sm s .84
[15:17] {Alexs} gdx works
01[15:18] {&Threei}  1:1
[15:19] {dino} stopped, done w/it, off screen
[15:19] {+cc_9} quotes scheduled to appear in 5 minutes.
[15:20] {RonS} dino seeing them all along...sees ghosts ya know...
[15:21] {dino} :)
[15:21] {+cc_9} watch how they push the index as we get close to get quotes
[15:33] {Alexs} how many days was your best winnig streak Vad?
[15:35] {nemo} 2 months +
[15:36] {Alexs} is it a joke?
[15:36] {nemo} Fall 2008 when the market was shitting the bed
01[15:36] {&Threei}  no alex, not a joke
[15:37] {nemo} we'd come in limit down on the indexes
[15:38] {nemo} jeez gonna' run this thing into the close
[15:38] {Alexs} ok than nothing to worry about :)
01[15:39] {&Threei}  lol
[15:40] {+cc_9} TSLA volume and momentum insane
[15:40] {+cc_9} 5 points pre-halt, 3 points post halt
[15:42] {dino} out noah .44, +.43
[15:44] {+cc_9} that was quite the investment dino
[15:44] {+cc_9} how long was that, 6 hours ?
[15:45] {dino} yeah, felt like a long term buy and hold
[15:45] {dino} but worked out in the end
01[15:54] {&Threei}  thank you all
01[15:54] {&Threei}  have a great evening, see you tomorrow
[15:54] {dino} ditto and gn
[15:55] {Alexs} ty Vad take care
[15:56] {Alexs} don't remember GDX
[15:56] {Alexs} lol
01[15:56] {&Threei}  grrr
01[15:56] {&Threei}  lol
[15:57] {bbobr} gn all
[15:57] {Alexs} gn

Aug 21 2013

FOMC minutes day, any winning trade is precious, 1:3er especially. This one has both, profit and some joking around part of which made a screenshot. The rest will be in the log as always.

And the continuation of this play, reversal and getting 1:3 again on another side - like a flute.

And how about this:

With 1:3 C short at the end of the day, it's as good as it gets on FOMC days. Or better.


Session Start: Wed Aug 21 00:00:00 2013

[08:48] {nemo} drat....looks like I'll have to be nemo again
01[08:49] {&Threei}  sorry
[08:49] {nemo} mmmhhh....doesn't sound heartfelt to me
01[08:49] {&Threei}  it wasn't {G}
03[09:08] * Retrieving #discussions modes...
[09:09] {dino} gm
01[09:09] {&Threei}  dino :)
[09:21] {dino} .
[09:26] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {cipher} gm
01[09:26] {&Threei}  cipher :)
01[09:27] {&Threei}  - FX markets were subdued ahead release of the FOMC minutes later today. Overall the USD has been somewhat dazed and confused the past few weeks and appeared to be a bit of a conundrum as the FED prepared itself to wean from easy money in contrast to the ECB, BOE, and BOJ
[09:28] {RonS} gm...wonder if ese plays one of those...
01[09:28] {&Threei}  ron :)
[09:28] {dino} drums i think
[09:28] {RonS} ...conundrum...
01[09:28] {&Threei}  lol
01[09:31] {&Threei} Long Setup:  C  .65 break
01[09:31] {&Threei}  If holds  .60
01[09:31] {&Threei} Long Setup:  GDX  .85 break
01[09:32] {&Threei}  If holds  .80
01[09:32] {&Threei}  Invalidated  C
01[09:32] {&Threei}  ditto GDX
01[09:33] {&Threei} Long Setup:  GDX  .65 break
01[09:33] {&Threei}  If holds  .60
01[09:33] {&Threei} Long Setup:  C  .50 break
01[09:33] {&Threei}  If holds  .45
01[09:34] {&Threei}  GDX 1:1
01[09:34] {&Threei}  C 1:1
01[09:40] {&Threei}  GDX 1:2
[09:40] {dino} litb sm l .35
[09:41] {+cc_9} TGT about to test $66 again
[09:41] {+cc_9} first test held
01[09:44] {&Threei}  looks a good candidate for sizeable bounce to me
01[09:44] {&Threei}  if pulls bacl to about .15 - .20 I'll be interested
01[09:46] {&Threei}  closed last 1/4 GDX on a trail
[09:48] {+cc_9} TGT could get real bouncey if can catch some .80 bids
01[09:51] {&Threei} Long Setup:  BBY  .50 break
01[09:51] {&Threei}  hl
01[09:51] {&Threei}  If holds  .45
[09:54] {dino} litb to .74
[09:54] {dino} out +.39
01[09:54] {&Threei}  nice
[09:55] {dino} ty
[09:56] {+cc_9} TGT sideways .40s-.50s, looking for a breakout
[09:57] {+cc_9} 67.20 target
01[09:59] {&Threei}  *(US) JULY EXISTING HOME SALES: 5.39M V 5.15ME
01[10:00] {&Threei}  meh
[10:03] {+cc_9} TGT .80 offer
[10:04] {dino} eog vsm l .35 gappy, wide
[10:05] {+cc_9} TGT .80s bid, looking good
[10:05] {RonS} dino, pet report bottom of hour...eog
[10:06] {+cc_9} TGT .90 offering
[10:06] {+cc_9} so far so good
[10:07] {dino} petm drop, gap 70.64 area
[10:07] {dino} ty ron
01[10:08] {&Threei} Long Setup:  C  .60 break
01[10:08] {&Threei}  If holds  .55
[10:09] {+cc_9} Out half TGT @ .85 for +$0.53
[10:10] {+cc_9} still think 67.20 doable
[10:11] {dino} gj
01[10:11] {&Threei}  nice one
[10:12] {+cc_9} thx
01[10:14] {&Threei}  meh
[10:14] {dino} air pocket
01[10:18] {&Threei} Long Setup:  GDX  .65 break
01[10:18] {&Threei}  If holds  .60
01[10:18] {&Threei}  change to .60 break if holds .55
[10:19] {nemo} we're into the tradewinds of Fedwait
[10:19] {nemo} Water water everywhere, not a drop to drink
[10:21] {dino} bofi sm l .80
01[10:23] {&Threei}  nice double bottom, GDX
01[10:23] {&Threei}  now move
[10:23] {Alexs} volume is not right
[10:24] {Alexs} your book Vad :)
01[10:24] {&Threei}  but I never read it
[10:24] {Alexs} lol
[10:27] {+cc_9} stop on rest TGT taken
[10:27] {dino} wo did i miss petm, was waitig at gap, not even close
[10:28] {Alexs} now it looks right :)
01[10:28] {&Threei}  oh, that was the source of thst evil laugh... I thought it was nemo as always, but this time it was PETM
[10:28] {dino} indeed
01[10:28] {&Threei}  break .65 and run GDX
01[10:29] {&Threei}  run like a gazelle
01[10:29] {&Threei}  hmmm... can gazelle have double bottom?
01[10:29] {&Threei}  and still run?
[10:30] {dino} a fat one can
01[10:31] {&Threei}  OK... this one is obviously overweight
[10:32] {nemo} gdx has .52 and then .46 as levels
[10:38] {+cc_9} IWM @ session lows
[10:39] {RonS} look .vix...wow
[10:39] {nemo} IWM did it yesteday, these lows are a longer term trned support
[10:40] {+cc_9} Ron, i think that tells us big hedged bets are taking place today ahead of the 2PM meeting
01[10:42] {&Threei}  half out GDX
01[10:42] {&Threei}  half gazelle left
[10:43] {Alexs} one bottom left
01[10:43] {&Threei}  lol
01[10:46] {&Threei}  1/4 of second bottom is off
[10:47] {Alexs} now it has nothing but run
01[10:48] {&Threei}  too bad it wasn't Pegasus... it could fly then
[10:48] {Alexs} lol
[10:48] {dino} msg drop
[10:49] {dino} sm l .55 gappy
01[10:49] {&Threei}  1:3
01[10:49] {&Threei}  out
01[10:49] {&Threei}  if that wasn't a thing of beauty, be it gazelle, pegasus or unicorn
[10:51] {Alexs} nice catch Vad ty
[10:52] {dino} gj
01[10:53] {&Threei}  :)
[10:57] {+cc_9} TGT tempting again
[11:01] {dino} bofi stop -.30
[11:05] {dino} out msg .60, +1.05
[11:06] {cipher} wtg
[11:06] {dino} thx
[11:07] {dino} pulp type
01[11:07] {&Threei} Short Setup: GDX  .95 break
01[11:07] {&Threei}  If holds  30
[11:07] {dino} bofi re-load sm l .54
01[11:07] {&Threei}  let's see if this weird animal has double top too
[11:08] {dino} leftovers, out htwr .42, +.60
01[11:08] {&Threei}  wtg
[11:09] {dino} ty
01[11:09] {&Threei}  valid still
01[11:10] {&Threei}  ok... gazelle with wings, horn, double bottom and double top - this is going to be epic
[11:11] {Alexs} wings we don't need this time
[11:11] {+cc_9} TGT taking starter under $66
[11:12] {Alexs} fins are more useful
01[11:13] {&Threei}  ok, it can be wings with negative incline, sloping down... to create air flow pressing it down
01[11:13] {&Threei}  don't forget, this epic mythical creature
[11:13] {+cc_9} decent pick-up under $66, lets see if can dump .30s
01[11:13] {&Threei}  with platypus-like nose
[11:14] {+cc_9} out half TGT +$0.30, rest trying for 66.35
[11:14] {dino} out bofi .95, +.41
[11:15] {dino} gj cipher
[11:15] {dino} opps cc9
[11:15] {+cc_9} well, what the shit was that
[11:15] {dino} f#ck up
01[11:17] {&Threei}  1:1
01[11:18] {&Threei}  epic, I am telling you... legen-(wait for it)-dary
01[11:18] {&Threei}  I would imagine, such beasts populated area that on the map was designated as "here there be dragons"
[11:20] {dino} barney
01[11:21] {&Threei}  :)
01[11:23] {&Threei}  1:2
01[11:23] {&Threei}  like a flute
[11:25] {robbers} Out, thanks Vad.
[11:25] {+cc_9} IWM printing fresh lows
01[11:25] {&Threei}  1:3
01[11:25] {&Threei}  out
01[11:25] {&Threei}  yw
[11:26] {Alexs} :)
[11:29] {RonS} tgt 'ed
[11:32] {+cc_9} got a cost @ 65.68, not ideal
[11:36] {+cc_9} TGT vol still high and continues to increase @ LOD. Thanks Obama
[11:36] {RonS} what?  shops at wmt?
[11:37] {RonS} or dltr...
01[11:38] {&Threei}  US equity markets have slipped a little lower this morning ahead of the FOMC minutes. Trading volumes remain well below average while the VIX is above 16
01[11:39] {&Threei}  - Investors are ready to parse every word in this afternoon's FOMC minutes from the July meeting for any hint of whether or not the taper might begin in September. The chief casualties continue to be emerging market currencies, which slipped further against the greenback.
[11:40] {+cc_9} LODs flashing
[11:40] {+cc_9} If SPY loses Friday's LOD, it could get pretty nasty and fast
[11:40] {+cc_9} .70s key
[11:42] {+cc_9} For IWM, that's 100.60
[11:42] {+cc_9} TGT trying to put a bottom now
[11:44] {dino} bofi sm l .36
[11:44] {+cc_9} SPY Friday's low held for now
[11:46] {+cc_9} out TGT -$0.41 on last batch
[11:46] {+cc_9} gona sit tight till ~ 2PM
[11:50] {+cc_9} maybe silly to dump TGT given the fact its actually holding LOD while market tanking
[11:51] {+cc_9} meh
[11:52] {+cc_9} SPY broke all support on 60, now its a guessing game.
[12:20] {RonS} ...some calling selloff Tapernado...bet bears calling it 'bouttime-o...
[12:28] {RonS} ...guess the Chinese don't have tulips:  #Bitcoin spawns virtual IPOs in China as U.S. scrutiny intensifies | http://bloom.bg/14Uru9n
[12:30] {RonS} crude selloff
[12:39] {RonS} understatement of the year: Ackman says retail investing has not been his 'strong suit'
01[12:40] {&Threei}  lol
[12:42] {Will49} Checking in
01[12:42] {&Threei}  hey will
01[12:42] {&Threei}  missing beautiful days
[12:42] {Will49} Hi Vad
[12:42] {RonS} lol...Twitter execs told bankers it wants an IPO that is 'low profile'
[12:42] {Will49} Yeah, I read the blog :(
[12:43] {Will49} and weep
01[12:43] {&Threei}  wait till you see today's
[12:43] {Will49} not gonna look
01[12:43] {&Threei}  you have to
[12:43] {Will49} ok ok
01[12:43] {&Threei}  we, erhhhhm, joked
01[12:43] {&Threei}  and invented new animals
[12:44] {Will49} see you live in a couple of weeks :)
[12:47] {dino} bofi drop
[12:48] {dino} sm l .05 ave
[12:57] {dino} out bofi .59, +.54
[13:54] {nemo} Hands away from the keyboard...time for the newsreading algo's to give us the Fed Minutes ChaChaCha
01[13:54] {&Threei}  yeah, let's wait for the first emotions to pass
[13:55] {dino} time for 30 minute nap
[13:59] {nemo} here's the first cha
01[13:59] {&Threei}  *(US) MINUTES OF THE JULY 31 FOMC MEETING: MIXED ON BOND PURCHASES, FEW OFFICIAL WANTS TO BE PATIENT BEFORE FINAL DECISION ON BOND BUYS
[13:59] {nemo} here's the second cha
01[14:00] {&Threei}  things said "eeck" and died
01[14:01] {&Threei}  economic activity expanded at a modest pace during the first half of the year. Labor market conditions showed further improvement in recent months, on balance, but the unemployment rate remained elevated. Household spending and business fixed investment advanced, and the housing sector was strengthening, but mortgage rates had risen somewhat and fiscal policy was restraining economic growth - The unemployment rate had declined considerably since then, and recent gains in payroll employment had been solid. However, other measures of labor utilization--including the labor force participation rate and the numbers of discouraged workers and those working part time for economic reasons--suggested more modest improvement, and other indicators of labor demand, such as rates of hiring and quits, remained low.
01[14:01] {&Threei}  - However, in the view of the one member who dissented from the policy statement, the improvement in the labor market was an important reason for calling for a more explicit statement from the Committee that asset purchases would be reduced in the near future. A few members emphasized the importance of being patient and evaluating additional information on the economy before deciding on any changes to the pace of asset purchases. At the same time, a few others pointed to the contingent plan that had been articulated on behalf of the Committee the previous month, and suggested that it might soon be time to slow somewhat the pace of purchases as outlined in that plan. At the conclusion of its discussion, the Committee decided to continue adding policy accommodation by purchasing additional MBS at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month and to maintain its existing reinvestment policies.
[14:02] {+cc_9} im here for the SPY pulpfiction
01[14:02] {&Threei}  In addition, the Committee reaffirmed its intention to keep the target federal funds rate at 0 to 1/4 percent and retained its forward guidance that it anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.
[14:03] {nemo} I think the bond market has already told them to fuck off
[14:03] {dino} seems accomadation
[14:06] {nemo} bounce area spy
[14:06] {nemo} .25ish
[14:06] {nemo} if not fills gap down to 164
[14:09] {dino} 1639 gap july filled
[14:09] {+cc_9} God bless 3x ETFs
[14:10] {nemo} what you take?
[14:10] {dino} you're a crazy sob cc9. gotta luv it
[14:11] {dino} re-loaded bofi .00 ave
[14:11] {nemo} you had confluence between iwm at yesterday's pivot, spy at daily S2 and weekly S1, and finnies at long term trend, all at the same time
[14:13] {+cc_9} Dino }}} http://img843.imageshack.us/img843/511/t7ry.jpg
[14:14] {+cc_9} try to click at the end of the } see if image opens up
[14:14] {nemo} yep
[14:14] {+cc_9} GOD DAMN LOOK AT HER RIP NOW
[14:15] {dino} nice
[14:18] {+cc_9} looks like thats all we have for today, and thats some damn good action for August
[14:18] {dino} should get re-test lows then up imo. fed days usually move around
[14:19] {+cc_9} we can only hope we tank again
[14:19] {nemo} this should be the direction into the close
[14:21] {dino} pcyc spike
[14:22] {dino} stml drop
[14:23] {dino} app lod
01[14:23] {&Threei} Long Setup:  GDX  .45 break
01[14:23] {&Threei}  If holds  .40
[14:23] {dino} up now
[14:24] {dino} sso hl l .85
[14:25] {+cc_9} went for it again dino }}} http://img4.imageshack.us/img4/4376/2p82.jpg
[14:26] {+cc_9} this one was just for a quick $0.30 snag, nothing crazy
[14:26] {dino} stml blood
[14:28] {dino} out sso _.15
[14:28] {dino} +.15
[14:29] {dino} out bofi .50, +.50
[14:29] {+cc_9} TNA flying :D
01[14:29] {&Threei}  1:1
01[14:30] {&Threei}  1:2
01[14:31] {&Threei}  like fish in a barrel
[14:31] {+cc_9} God bless 3x ETFs
01[14:31] {&Threei}  1:3, out
01[14:31] {&Threei}  can I go home?
[14:32] {dino} gll drop
[14:32] {bbobr} amazing call !
[14:32] {dino} metals getting crushed
01[14:32] {&Threei}  1:4
01[14:33] {&Threei}  3 1:3ers on the same stock in one day
[14:33] {dino} alny spike
[14:33] {dino} wtfg vadster
01[14:33] {&Threei}  :)
[14:34] {dino} missed alny
[14:37] {dino} well, for fed day, it was damn good to me
[14:37] {nemo} 50 day spy at .82
01[14:37] {&Threei}  wtg, and ditto
[14:38] {dino} nice when a plan comes together
01[14:41] {&Threei}  http://goo.gl/s6CQZo
[14:44] {+cc_9} Good day here over-all
[14:44] {+cc_9} good job everyone
01[14:47] {&Threei}  my yesterday night catch http://goo.gl/slGaTr
[14:52] {dino} mpc spike
[15:01] {dino} damn, chickened out on mpc short
[15:12] {dino} insy spike
01[15:24] {&Threei}  no, trading software never created this
01[15:24] {&Threei}  sorry, wrong spot
01[15:32] {&Threei} Short Setup: C  .65 brwak
01[15:33] {&Threei}  If holds  .70
[15:41] {dino} tee time in 40 minutes. calling it a day. thx all for ideas. good time
01[15:41] {&Threei}  have fun dino
[15:42] {dino} will do
[15:42] {Alexs} perfect day Vad ty
01[15:46] {&Threei}  yw
01[15:46] {&Threei}  covered in full
01[15:46] {&Threei}  +.25
01[15:47] {&Threei}  missed 1:3 by closing my eyes for a min, lol
01[15:47] {&Threei}  here it is again
01[15:47] {&Threei}  4th 1:3er today
01[15:47] {&Threei}  ok guys, thank you all
01[15:47] {&Threei}  have a great evening, see you tomorrow
01[15:48] {&Threei}  this full moon gives me insomnia
01[15:48] {&Threei}  {nemo} what? you wake up under a tree with an animal carcass next to you?

Aug 20 2013

Nicely profitable day, not as spectacular as yesterday but hey, if your "another day in the office" is solidly green, you have no reason to complain, right? Last hour is not recorded due to room server outage but we had no trades on anyway.

Session Time: Tue Aug 20 00:00:00 2013
[08:01] {nemo} http://bit.ly/1anvabu
[09:21] {Alexs} gm
[09:22] {nemo} urbn
[09:22] {nemo} sorry
01[09:22] {&Threei}  alex :)
[09:22] {nemo} http://bit.ly/1anvabu
[09:25] {cipher} gm
01[09:25] {&Threei}  cipher :)
[09:26] {dino} gm
01[09:26] {&Threei}  dino :)
[09:29] {+cc_9} oh hey, NUGT is not cheap anymore :)
[09:29] {+cc_9} also, gm
01[09:29] {&Threei}  cc9 :)
[09:29] {nemo} 10:1 reverse split
[09:31] {dino} litb vsm l .64
[09:34] {nemo} bby looks short, but dramamine volatile
01[09:37] {&Threei} Short Setup: GDX  .50 break
01[09:37] {&Threei}  If holds  .55
01[09:38] {&Threei} Short Setup: GDX  .65 break
01[09:39] {&Threei}  change to .70 break
01[09:39] {&Threei}  If holds  .75
[09:39] {nemo} GDX giving you the old mesodactyl
01[09:40] {&Threei}  valid still
01[09:40] {&Threei}  with stop above high
01[09:43] {&Threei}  held by fingertips
01[09:44] {&Threei}  if loses .70 again should be done like a dinner after 3 hours in 400F oven
[09:44] {nemo} bitchin' about the wife's cooking again?
01[09:45] {&Threei} Short Setup: FCX  31 breeak
01[09:45] {&Threei}  If holds  .10
01[09:47] {&Threei}  stop to .76
01[09:47] {&Threei}  and FCX stop to .06
[09:49] {dino} ntls sm l .07 ave
01[09:50] {&Threei}  meh
01[09:54] {&Threei}  (*$%^)
01[09:54] {&Threei}  was watching C for short entry
01[09:55] {&Threei}  thing just died with no setup
01[09:55] {&Threei}  FCX another meh
01[09:55] {&Threei}  not delighted
01[09:58] {&Threei} Long Setup:  CAT  .80 break
01[09:58] {&Threei}  If holds  70
[09:59] {nemo} your gdx setting up short
01[10:00] {&Threei}  1:2
01[10:01] {&Threei}  CAT decided to skip 1:1, lol
[10:05] {dino} htwr sm l .82
01[10:06] {&Threei} Long Setup:  C  .10 break
01[10:06] {&Threei}  If holds  49
01[10:07] {&Threei}  1:1
[10:16] {dino} puk sm l .80
01[10:17] {&Threei} Long Setup:  BBY  .50 break hl
01[10:17] {&Threei}  If holds  .40
01[10:18] {&Threei}  lol
01[10:18] {&Threei}  1:1, and good luck getting that fill
01[10:23] {&Threei}  1:3... grrr
[10:29] {dino} puk stopp -.17
01[10:29] {&Threei}  I disliked that symbol from get-go
01[10:30] {&Threei}  what good can come out of PUK
[10:30] {nemo} I can think of some people I wouldn't mind puking on
01[10:30] {&Threei} Long Setup:  C  .85 break
01[10:30] {&Threei}  If holds  .80
[10:32] {dino} none
[10:36] {dino} rnet spike
01[10:40] {&Threei}  US Navy confirms explosion, fire in building at weapons station in NJ; injured taken to hospital
06[10:41] * &Threei kicks C in the rear
01[10:43] {&Threei}  A 21 year old Bank of America intern in London died after working 72 straight hours
01[10:43] {&Threei}  interns these days...
[10:44] {dino} rnet sm s .55 wide, pulp
[10:47] {dino} out ntls .48, +.40
01[10:48] {&Threei}  wtg
[10:49] {Alexs} C looks short now
[10:49] {dino} ty
01[10:49] {&Threei}  my latest thought on it alex... if it stops, let's try and reverse
[10:49] {nemo} short to where though, lotsa support into .75
[10:50] {nemo} spy not at the 50 day yet
01[10:52] {&Threei} Short Setup: C  .80 break
06[10:56] * &Threei inserts toothpicks under his eyelids
01[11:00] {&Threei}  if SPY takes .70, slow climb is likely to resume
01[11:00] {&Threei}  in which case original C call remains on track
01[11:01] {&Threei}  short is invalidated
[11:01] {nemo} they'll want to reclaim the 50 day and hold it, but we'll see when Europe closes
[11:08] {dino} mkto drop
01[11:08] {&Threei}  will we get 1:2?
01[11:09] {&Threei}  yes
[11:10] {dino} out litb .14, +.50
01[11:12] {&Threei}  wtg
01[11:13] {&Threei}  ok C... give us 1:3
[11:14] {dino} ty
[11:17] {dino} bhp drop
[11:18] {Alexs} still holding last piece Vad?
01[11:19] {&Threei}  yes
01[11:19] {&Threei}  going by the book
[11:19] {Alexs} ok
01[11:20] {&Threei}  it helps defend my laziness against the assault of creative impulses
[11:20] {Alexs} good for you lol
01[11:21] {&Threei}  I feel proud every time laziness wins
01[11:21] {&Threei}  one small step for humanity...
01[11:22] {&Threei}  1:3 baby
[11:23] {robbers} Out in full, thanks Vad.
01[11:23] {&Threei}  yw
[11:23] {dino} gj
01[11:24] {&Threei}  ty'
01[11:24] {&Threei}  1:4 eh
[11:32] {nemo} too funny spy right up against the 50 day
[11:32] {dino} litb hl l .55
[11:47] {nemo} well, this looks like one of those V bottoms
[11:47] {nemo} that was the pullback
[11:58] {dino} cov rnet .40, +.15, things all over the place
01[11:59] {&Threei}  German Finance Minister Schaeuble admitted that Greece would probably need another bailout package
01[11:59] {&Threei}  awww... I suggested that bet just yesterday
01[12:00] {&Threei}  [09:28] {&Threei} - German Chancellor Merkel and Fin Min Schaeuble reiterate view that there would be no additional haircut on Greek debt
01[12:00] {&Threei}  [09:28] {&Threei} I'll take the other side of that bet
01[12:00] {&Threei}  doesn't take long for herr Schaeuble to change his mind, does it
01[12:01] {&Threei}  with this kind of flexibility he might make a good pole dancer
[12:02] {dino} yuk
01[12:02] {&Threei}  well, some kind of surgery might have to take place first
[12:23] {dino} out litb .79, +.24
01[13:04] {&Threei}  can we have out C back?
01[13:05] {&Threei}  can you believe we got it full dollar lower?
01[13:06] {&Threei}  looking at the chart though, perfect entry... right at the reversal off the low
01[13:13] {&Threei} Long Setup:  WMT  .40 break
01[13:13] {&Threei}  If holds  .35
[13:15] {dino} away drop
[13:15] {dino} sm l .80
[13:19] {dino} stop to .00
[13:22] {dino} out .01, +.21
[13:24] {dino} fwm spike
[13:26] {Alexs} jcp long .10?
[13:31] {Alexs} bby long .80?
01[13:35] {&Threei}  BBY, maybe
01[13:36] {&Threei}  don't push Alex
01[13:36] {&Threei}  anxiety to trade during midday summer doldrums is not a good thing
[13:37] {Alexs} ok
[13:37] {nemo} vodka
01[13:37] {&Threei}  or very compelling setup
[13:38] {nemo} you see a compelling setup?
[13:38] {nemo} well?
01[13:38] {&Threei}  if I did I would call it
[13:38] {nemo} then.....?
01[13:38] {&Threei}  ok... vodka
[13:38] {nemo} thank you
01[13:38] {&Threei}  just trying to list the options
01[13:39] {&Threei}  see what BBY did?
[13:39] {nemo} trying to make him think?
[13:39] {nemo} wtf...
01[13:39] {&Threei}  this is typical action of these breakouts during this time of the day
01[13:39] {&Threei}  ditto JCP
[13:39] {nemo} yeah, markt bully takes your lunch money
[13:40] {nemo} one could argue spy short here
[13:43] {dino} lulu drop
01[13:44] {&Threei}  Lululemon athletica inc Hearing ITG makes cautious comments
01[13:45] {&Threei}  SRPT Hearing strength attributed to CEO buying 5K additional shares
01[13:45] {&Threei}  big spender, he is
[13:46] {dino} wtf lulu, missed at .35, hit .36 3x
[13:53] {+cc_9} wtf lulu
[13:53] {+cc_9} i just now see what dino alerted
[13:53] {+cc_9} sob
[13:53] {+cc_9} Dino, next time say it louder pls
[13:53] {+cc_9} cant keep missing these freebies
[13:55] {nemo} Fed tomorrow, so we'll have an hour of trading, 4 hours of boredom 15 minutes of cha cha cha, and then hopefully something tradeable till the close
[13:56] {dino} will do cc9
[13:59] {nemo} interesting retweet.  CLaudia Ochoa praising the "Pivot Boss'" foundation course.  His name happens to be Frank Ochoa...conflict of interest?
[14:02] {+cc_9} any news on that LULU ?
[14:09] {dino} see above cc
[14:16] {nemo} even bunny is bored...
[14:16] {nemo} all stretched out, head on ground, looking quite forlorn
[14:17] {dino} bobe spike
[14:18] {dino} partial fill s .26
01[14:37] {&Threei} Short Setup: SRPT  33 break hl
01[14:38] {&Threei}  If holds  .10
01[14:40] {&Threei}  1:1
[14:41] {robbers} Nice call.
01[14:41] {&Threei}  :)
01[14:44] {&Threei}  1:2
01[14:45] {&Threei}  I like as soon as it takes another level, bid plummets to the next one
01[14:45] {&Threei}  must be very disconcerting for the longs
01[14:46] {&Threei}  and I really like it when the trade feels disconcerting to those who are on the opposite side from me...
01[14:46] {&Threei}  must be too much time conversing with nemo
[14:47] {nemo} :-) spy can't get below the 50 day
01[14:49] {&Threei}  [14:47] {nemo} I am proud of you. All my teaching of how to inflict most pain and suffering really fell on the very fertile soil
01[14:50] {&Threei}  see how nemo doesn't deny authorship even though I faked his quote?
[14:50] {nemo} It's like I tell people when I'm fixing them.  I'm much better at taking a body apart, and enjoy it much more, than I am at putting it back together
[14:50] {dino} perhaps nemo made you write that
01[14:50] {&Threei}  :)
[14:51] {nemo} yeah, the grammar fart gave it away
01[14:51] {&Threei}  since recently I started calling this little green man appearing on my shoulder after 5th shot of vodka "nemo"
[14:52] {robbers} You must see him often.
01[14:52] {&Threei}  this room is where rammer comes to die
[14:52] {nemo} It's an affront that I pear as such an affable color
01[14:52] {&Threei}  grammar
[14:52] {nemo} and speling
01[14:54] {&Threei}  although I have to admit Twitter is a strong competitor
01[14:54] {&Threei}  and Facebook...
02[14:54] * Disconnected
Session Close: Tue Aug 20 14:54:42 2013

Aug 19 2013

Not the worst way to start the day

With 4 wins out of 4 trades as of 11 am, you can call it a good morning, especially for a Monday.

11:40. Make that 5 for 5.
13:40. 6 for 6. 2 1:3ers, 2 1:2ers, 2 scalps. 
Finishing at 100% win.


[09:03] {dino} gm
01[09:03] {&Threei}  morning dino
[09:23] {Alexs} gm
[09:23] {cipher} gm
01[09:23] {&Threei}  alex, cipher :)
[09:25] {RonS} hi y'all...
01[09:26] {&Threei}  ron :)
01[09:28] {&Threei}  Market Focal Points: Summer vacations have kept market volumes light as traders have taken profits ahead of the release of US Fed minutes later this week and the Kansas City Fed's Jackson Hole symposium this weekend
01[09:28] {&Threei}  - German Chancellor Merkel and Fin Min Schaeuble reiterate view that there would be no additional haircut on Greek debt
01[09:28] {&Threei}  I'll take the other side of that bet
01[09:32] {&Threei} Short Setup: GDX  .70 break
01[09:32] {&Threei}  If holds  .80
01[09:33] {&Threei}  let's trail to .76
01[09:35] {&Threei}  half out
01[09:35] {&Threei}  1:1
01[09:35] {&Threei}  1:2
[09:36] {robbers} Out in full, thanks.
01[09:36] {&Threei}  yw
[09:37] {+cc_9} SPY reversing slightly here
[09:37] {nemo} it'll tag the 50 day
01[09:37] {&Threei}  1:3 close enough, out in full
01[09:38] {&Threei}  .43
01[09:38] {&Threei}  wow... even that too soon?
[09:39] {+cc_9} SPY rejected @ Friday's close.
[09:40] {nemo} 50 day 165.80
[09:40] {nemo} be interesting if it can't hold that today
[09:41] {+cc_9} SPY back to HOD test
[09:41] {dino} ntls sm l .65
01[09:41] {&Threei} Short Setup: C  .90 break
[09:41] {+cc_9} SUPN fluff play
01[09:42] {&Threei}  If holds  .95
01[09:45] {&Threei}  1:1
[09:45] {dino} ntls stop .35, -.30
01[09:46] {&Threei}  come to think of it... can we go home?
01[09:46] {&Threei}  1:3, 1:1 (and still on)... and it's Monday for crisssake
[09:51] {dino} ntls sm l .20
01[09:52] {&Threei}  1/4 more out
01[09:52] {&Threei}  stop to .85
[09:53] {dino} gj
01[09:53] {&Threei}  to .81
01[09:53] {&Threei}  ty
[09:54] {+cc_9} SUPN fluff trying to curl
[09:55] {dino} efut?
[09:55] {+cc_9} QQQ ahead, SPY @ friday's close. DIA / IWM lagging behind
01[09:56] {&Threei}  Efuture Information Technology Inc. To Engage Rainbow Department Store on myStore Platform- Signed an agreement with Rainbow Department Store Company Limited (002419, "Rainbow Department Store") to launch myStore, a one-on-one engagement platform designed to facilitate easy access between sales clerks and their customers. - Source TradeTheNews.com
01[09:57] {&Threei}  The platform also provides a social shopping network for consumers and their friends to connect to the consumer society at large.
01[09:57] {&Threei}  that's all I have on EFUT
[09:57] {dino} same, guess it deserves 100% pop
01[09:57] {&Threei}  hehe
01[09:57] {&Threei}  "It ain't gotta do nothin' with deservin'"
[09:58] {dino} indeed
[09:58] {robbers} Out C, thank you.
[09:58] {nemo} even if you butchered the quote
01[10:02] {&Threei}  :)
01[10:03] {&Threei}  well, kudos to you if you remember it's exactly... otherwise, I didn't have time to google it and you did {G}
[10:06] {RonS} took ntls .41 to .95 +.54  thanks dino
01[10:07] {&Threei}  wtg
[10:07] {nemo} Gene Hackman:  "I don't deserve this."
[10:07] {nemo} Clint: "Deservin' ain't got nothin' to do with it..."
[10:08] {nemo} I didn't google...favorite line in the movie
[10:09] {RonS} hlf pressure
[10:10] {dino} out ntls .10, +.90
[10:11] {RonS} gj
[10:11] {robbers} Nice Dino.
01[10:11] {&Threei}  good one
[10:16] {+cc_9} SUPN 40% float trading
[10:22] {+cc_9} HLF fresh lows
01[10:23] {&Threei} Short Setup: CAT  .75 break hl
01[10:23] {&Threei}  If holds  .85
01[10:24] {&Threei}  1:1
01[10:24] {&Threei}  1:2
[10:25] {robbers} Out Cat, thx.
01[10:25] {&Threei}  yw
[10:25] {+cc_9} HLF another $1.00 crash
[10:28] {RonS} wow, this reported on Marketwatch this a.m.:  The suicide of a wealthy Herbalife distributor, who earned about $3 million last year, is grabbing upvotes on Reddit.
[10:29] {RonS} EPD sm l .40
[10:32] {nemo} hfc
[10:34] {dino} hlf sm l .60
[10:36] {+cc_9} Just reading that now Ron
[10:37] {dino} stop hlf .35 -.25
[10:39] {RonS} meltdown in India these days...does anyone care?
01[10:41] {&Threei}  ummm
01[10:41] {&Threei}  no
[10:42] {nemo} frickin' dot heads
[10:43] {+cc_9} HLF continues to flush
[10:43] {RonS} American Standard never stops...
[10:44] {RonS} ...flushing...
[10:44] {RonS} ...toilet manufacturer...
[10:44] {RonS} ...bada bing...
[10:44] {nemo} I remember there was a regional rock band when I was physiologically young called the American Standard Band....I didn't get the joke until I was puking in the bathroom of a club and saw the stencil on the porcelain god
[10:44] {RonS} lol
[10:46] {nemo} I remember the night.  It was "Jack's" in Cambridge (became a victim of Zionist lightning in 1988).  My college roommate was the bartender.  Everybody else got their drinks in glasses.  I got mine in mugs...next mornings were never pretty
[10:48] {+cc_9} SUPN trying this dog L 7.70 with stop loss 7.45
[10:48] {+cc_9} first sign of reversal on the gap open fade
[10:49] {RonS} got an approval of an epilepsy drug...not a bad try...
[10:50] {+cc_9} 50% float already exchanged hands
[10:50] {+cc_9} and not 1 move up since the open
[10:50] {+cc_9} Make that since 8:20AM
[10:50] {+cc_9} HLF first bounce
[10:51] {+cc_9} some volume with it as well
01[10:51] {&Threei} Long Setup:  TZA  .90 break
01[10:52] {&Threei}  If holds  .85
[10:55] {RonS} cc...re supn...ever wonder that instead of 50% it might really be 5% 10 times?
01[10:57] {&Threei}  1:1 close enough
[10:57] {dino} hlf sm l .00
01[10:58] {&Threei}  that's 4:4 today... let me go home...
[10:59] {+cc_9} SUPN trying here for a reversal
[10:59] {nemo} that should go over well with the wife
[11:00] {dino} amap spike
[11:01] {+cc_9} HLF deep V. Back near 62.50
[11:02] {RonS} mst 3000:  "deeeep V"...
[11:03] {dino} out hlf .40, +.40
[11:04] {+cc_9} nice trade dino
[11:04] {RonS} AMAP & Alibaba Alliance to Create Maps Based eCommerce Ecosystem
[11:04] {dino} ty
[11:09] {nemo} rcl week
[11:09] {nemo} weak
[11:09] {+cc_9} SUPN no traction in mid .70s
[11:09] {+cc_9} NEeds 7.80 for reversal
[11:14] {dino} ntls sm l .15
[11:15] {nemo} len looks short here
[11:17] {dino} srpt sm l .01
[11:23] {+cc_9} SUPN no go, sl trigger
01[11:30] {&Threei} Short Setup: CAT  .80 break
01[11:31] {&Threei}  hl
01[11:33] {&Threei}  If holds  .90
[11:33] {dino} onxx blood
[11:36] {RonS} wow:  Big put spread buyer in $EEM , Dec 35 - 27 just over 100,000 trade (contracts). Yowza
01[11:40] {&Threei}  1:1
01[12:19] {&Threei}  NYSE volume 210M shares, about 17% below its three-month average; - NASDAQ volume 585M shares, about 19% below its three-month average
[12:21] {dino} srpt to .12
[12:21] {dino} ntls to b/e
[12:23] {dino} out srpt +.11
[12:26] {dino} taho spike
[12:39] {dino} out ntls .55, +.40
01[12:39] {&Threei}  wtg
[12:40] {dino} ty
[13:01] {nemo} kss
01[13:01] {&Threei}  keep calm nemo
[13:01] {nemo} thik it might be nice short
[13:01] {nemo} fas too
01[13:20] {&Threei} Short Setup: CAT  .50 break
01[13:20] {&Threei}  hl
[13:27] {+cc_9} QIHU looking for a short on 74.40 break
[13:33] {+cc_9} ONXX racing down
01[13:33] {&Threei}  1:1
01[13:36] {&Threei}  6:6... you guys have no mercy at all
[13:36] {Alexs} yeah you are the best Vad
[13:36] {Alexs} ty
01[13:37] {&Threei}  yw, and thanks for the good word
[13:38] {goinshort} very nice!
01[13:39] {&Threei}  weekend's excitement:
01[13:40] {&Threei}  Engadget, allegedly accidentally, places online a 5 min video showcasing a new Olympus flagship camera that is supposed to be announced mid-Sept
01[13:41] {&Threei}  they don't link or index or mention url anywhere, probably assuming it makes it safe
01[13:41] {&Threei}  within 5 min it's found and propagated all over the net, lol
01[13:42] {&Threei}  They take it offline, make Youtube take down the one placed there by someone,
01[13:42] {&Threei}  but people place it in their dropboxes
01[13:42] {&Threei}  so the cat is out of the bag - abou8t a month before manufacturer was going to release it
01[13:43] {&Threei}  this is brutal world, lol... but I now know how my next camera looks
01[13:43] {&Threei}  1:2
01[13:44] {&Threei}  1:3 close enough, out
01[13:48] {&Threei}  (US) Fed's Lacker: Data from first half of 2013 confirm that asset purchases did not help boost growth; US GDP growth should be around +2% annually for the next couple of years- Views on the FOMC are very different at times. **On July 28th, Lacker said QE has done little to aid the economy, forecasted US 2013 GDP at 2%, 2014 at 2.25%
01[13:48] {&Threei}  frikin imbeciles
[13:48] {Alexs} looks like you made a good sacrifice to the trading gods last weekend Vad
[13:49] {Alexs} a lot of bacon?
01[13:49] {&Threei}  ate it all myself
[13:50] {Alexs} lol
[14:33] {dino} ioc sm l .00
[14:40] {dino} psix drop
[14:46] {dino} psix vsm l .05
[14:53] {dino} .
[14:54] {dino} ioc stop .71, -.29
[14:59] {nemo} http://bo.st/16DzD8o
[15:05] {nemo} http://bit.ly/16DAMwP
[15:06] {nemo} hey cc, 10:1 reverse split in nugt tomorrow
[15:07] {dino} out psix .85, +.80
[15:07] {nemo} might get index bounces here
01[15:18] {&Threei} Long Setup:  C  .60 break
01[15:18] {&Threei}  If holds  .55
01[15:23] {&Threei}  needless to say, invalidated
[15:45] {bbobr} Great calls today, Vad. To bad i was away most of the time.    Gn all.
01[15:45] {&Threei}  thank you all
01[15:45] {&Threei}  have a great evening, see you tomorrow
[15:46] {goinshort} thanks
[15:46] {goinshort} !!
[15:46] {goinshort} Thanks !!!
01[15:46] {&Threei}  :)
[15:46] {robbers} !!!
[15:46] {robbers} Great day.
[15:48] {dino} gj
[15:52] {dino} calling it a day, good one. thx all for ideas

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Rising Rates and Taper Fears Heighten Volatility

- Volatility returned to markets this week after several weeks of subdued summer trading. The miss in the Japan preliminary Q2 GDP during Monday's Asia session dampened sentiment on Monday, although better European Q2 GDP numbers and the solid July US retail sales data helped balance the picture. Then on Thursday, reports showed that initial claims for the week ending Aug 9th dropped to six-year lows and the July US CPI hit 2.0%, indicating continued progress towards the Fed's targets. The combination of good jobs and inflation data provoked a big decline in equity indices and a sell-off in USTs as traders decided the data helped cement the case for Fed tapering in September. By Friday, the 10-year yield pushed out to two-year highs above 2.84% as the sell-off in bonds continued. Spot gold made eight-week highs around $1,370, and silver rose 14% for its biggest weekly gain in nearly five years. For the week the S&P500 dropped 2.1%, the Nasdaq gave up 1.6%, and the DJIA lost 2.2%, its worst weekly decline this year.

- A return to growth in France and Germany helped pull the euro zone out of economic contraction in the second quarter. Euro zone Q2 GDP gained 0.3%, German GDP was up 0.7% and French GDP grew 0.5%, although there has been plenty of skeptical commentary from analysts about the sustainability of the trend. Goldman Sachs highlighted that Eurostat does not release a GDP breakdown by components until its second estimate of GDP (due on Sept 5th), making it difficult to assess what drove underlying growth. Second quarter GDP figures from Italy and Spain remained in contraction, at -0.2% and -0.1%, respectively.

- The rebound in gold prices over the last several weeks inspired some to say a floor has been found in the yellow metal, although others called it merely a technical move inspired by light, low-volume summer trading. In any case, there will certainly be more risk-off trading ahead of the multiple momentous events on tap for September, making safe havens potentially more attractive. In a note to clients on Thursday, JP Morgan wrote that they would "encourage shorter-term investors to consider getting long the gold space with a four to five week time horizon." The SPDR Gold Trust ETF saw the first increase in its daily holdings since June even as the biggest holder - Paulson & Co - finally announced it has squared more than half of its famous long position. Note also that the China Gold Association reported that Chinese Jan-Jun gold consumption rose to 706.36 tons, +54% y/y.

- The MBA mortgage applications for the week ending August 9th data saw its steepest decline since late June. This marks the 12th week of decline in mortgage applications out of the last 14 weeks (there was a faint +0.2% gain in the prior week). Mortgage activity has collapsed by over 50% in the last three months as the average 30-year mortgage rate has risen from around 3.50% to above 4.30% currently (with recent highs of 4.70% in early July). Meanwhile the August NAHB housing market sentiment index showed that confidence among homebuilders is at its highest level in nearly eight years, despite the rising mortgage rates.

- Retail names Walmart and Macys reported weak second quarter results and cut their FY forecasts. Both firms cited a very challenging retail environment and customer uncertainty. Walmart US comps were -0.3% while Macys' were -0.8%. Kohls was a bit better but it also cut its FY outlook. High-end retailer Nordstrom's earnings were ok, but it also cut its FY view, and comps, while still positive, decelerated from earlier in the year. In tech, Cisco reported decent fourth-quarter profits and revenue, but share fell sharply as management issued cautious Q1 guidance and announced 4,000 job cuts, citing an unusually "mixed and inconsistent" economic recovery.

- It has been more than a year since BlackBerry hired bankers to help it explore options for finding a strategic partner or licensing the BB10 operating system. This week BlackBerry announced another exploration of strategic alternatives, but this time it's likely the board is looking to sell the entire company before it is too late. Reports noted that the effort over the last year uncovered very little interest from potential bidders, although some chatter this week suggested that Microsoft and Amazon might take a closer look at BlackBerry.

- Many tech stocks dropped this week on disappointing earnings results, but some of that was offset by renewed strength in Apple shares. Apple stock rose over 10% on the week after activist investor Carl Icahn debuted on twitter with an announcement that he had built a large stake in the consumer tech giant. Icahn said he had spoken with CEO Tim Cook and urged him to increase and accelerate its share buybacks.

- After a week of strife between the board of JC Penny and activist investor Bill Ackman, news arrived on Tuesday that Ackman resigned as a director. Ackman has been pressuring the board to quickly replace interim CEO Ullman, saying that they are taking too long to make a decision on a new chief. On Friday, Ackman reached an agreement with Penney on terms for an orderly sale of his 17.7% stake in the future.

- The Department of Justice filed suit to block the merger between US Airways and American Airlines, citing anti-trust concerns. The DOJ asserted that the merger would lead to less competition and higher prices for consumers. JP Morgan said it remains cautiously optimistic that the firms can legally prevail in their efforts to merge, although the case would probably take months to resolve and could prompt American to emerge from bankruptcy without merging.

- China had a wild trading day on Friday: the Shanghai Comp spiked much as 5% before quickly returning to the flat line thanks to a trading glitch at Everbright Securities. There was more vague press talk of possible RRR cuts and targeted fiscal stimulus measures, but nothing formal was announced. Yum Brands' shares fell after the firm reported Chinese SSS losses narrowed less than many had expected in July, though Yum still reiterated that China comps would be back to growth by the fourth quarter.

- EUR/USD remained in the 1.3200-1.3400 range where it has traded for the past three weeks. The greenback was bid for most of the week thanks to higher bond yields, but even given that factor the pair remained range bound. Note that after the pretty strong August German ZEW survey, ZEW economists wrote that the ECB was gaining more scope for rate increases as the euro zone crisis dies down.

- The dissent of monetary policy committee member Weale revealed by the BoE minutes this week raised some questions about the BoE's newly minted forward guidance. Note that Weale himself stated that he supported forward guidance, but wanted a shorter horizon on the inflation threshold, given the threat of higher medium-term inflation expectations. Both UK July home prices and retail sales data were better than expected, and GBP/USD probed above the 1.5580 level to make two-month highs.

- The yen reversed some of last week's strengthening trend in the wake of the miss in the Q2 GDP data, rising from 96.50 to above 98.50 at one point. Additional upward momentum in USD/JPY came from reports that the Abe administration was considering lower corporate taxes as a counterweight to the planned sales tax hike.



TradeTheNews

Aug 16 2013

Fairly quiet yet nicely profitable day. No fireworks like yesterday but enough scalps and 1:2ers to make it worth our while. Overall, very nice week, third in a row despite it being August.

Session Time: Fri Aug 16 00:00:00 2013

[09:00] {dino} gm

01[09:00] {&Threei}  morning dino

[09:10] {cipher} gm

[09:11] {RonS} hi gents

01[09:11] {&Threei}  cipher, ron :)

[09:18] {RonS} ioc is the king of pulp and all over the map on rumors xom not buying some properties for sale...

[09:19] {RonS} gmcr going into the naz 100 next week w/ 25% float short

[09:19] {nemo} coffee company going into the tech index, interesting

[09:23] {+cc_9} Reading on IOC Ron, fluff

[09:24] {bbobr} gm

01[09:24] {&Threei}  bbobr :)

[09:24] {dino} ioc always trades pulp-like

[09:26] {nemo} looks like spy going to test 166

[09:30] {+cc_9} IOC setting up for a wild spike

[09:30] {Alexs} gm

[09:30] {+cc_9} $2.00 spread, not bad

01[09:30] {&Threei} Short Setup: GDX  .80 break

01[09:31] {&Threei}  If holds  .85 

01[09:31] {&Threei}  alex :)

[09:31] {Alexs} first set up?

01[09:31] {&Threei} Long Setup:  TZA  .75 break

01[09:32] {&Threei}  If holds  .70 

01[09:32] {&Threei}  gosh, market barely opened... you expected a few calls aleary?? :)

[09:32] {Alexs} lol

[09:33] {+cc_9} IOC wowza volatility on 500k shares

[09:34] {dino} ioc sm l .80

[09:34] {Alexs} gdx valid?

01[09:35] {&Threei}  no... but worked

01[09:35] {&Threei}  TZA 1:1 close enouigh

01[09:36] {&Threei}  stop to .73

[09:36] {dino} ioc stop -.30

01[09:36] {&Threei}  ugh GDX... seriously got away

[09:37] {dino} reload .80

[09:37] {+cc_9} IOC ok why not

[09:37] {Alexs} TZA SoMG

01[09:38] {&Threei} Long Setup:  GDX  .50 break

01[09:38] {&Threei}  change to .45 break

01[09:39] {&Threei}  change to .40 break

01[09:39] {&Threei}  If holds  .34 

01[09:39] {&Threei}  1:1

01[09:40] {&Threei} Long Setup:  TZA  .65 break

01[09:40] {&Threei}  If holds  .60 

[09:44] {+cc_9} IOC $66s

[09:46] {+cc_9} IOC 67s

01[09:48] {&Threei} Long Setup:  GDX  .30 break

01[09:48] {&Threei}  If holds  .25 

[09:48] {+cc_9} out IOC

[09:48] {+cc_9} thanks for the heads up on this one Ron

[09:48] {+cc_9} I came in today with only IWM/SPY on watch

01[09:48] {&Threei}  1:1

01[09:49] {&Threei}  come on GDX, don't waste such perfect double bottom

01[09:49] {&Threei}  ugh

[09:50] {RonS} yw cc

01[09:50] {&Threei}  ih come on

[09:51] {nemo} numbers in 5

01[09:51] {&Threei}  back in, stop .24

01[09:52] {&Threei}  meh

01[09:52] {&Threei}  not getting rhythm right

01[09:53] {&Threei}  or there is no rhythm

[09:54] {RonS} need ese to give you a beat?...

01[09:54] {&Threei}  lol

01[09:55] {&Threei}  *(US) AUG PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 80.0 V 85.2E

[09:56] {Alexs} no confidence in the university

01[09:58] {&Threei}  rofl

[09:58] {+cc_9} SPY smacked @ yesterday's closing price

01[09:58] {&Threei}  this has to be second best joke this week

01[09:59] {&Threei}  frikin GDX

01[09:59] {&Threei}  .10 was it

[09:59] {nemo} bounced at support from yesterday

01[09:59] {&Threei}  and frikin TZA, .55 was it

[10:00] {nemo} and frickin Les...definitely WASN'T it

01[10:01] {&Threei}  (US) Q3 Philadelphia Fed Professional Forecasters Survey: 2013 GDP growth forecast revised to 1.5% from 2.0% prior- Expectations for the unemployment rate are nearly unchanged, and the forecasters have reduced their inflation estimates over the next two year

[10:02] {nemo} fcx Vad

[10:02] {nemo} .50 break?

[10:02] {nemo} .40 stop

01[10:02] {&Threei}  setup is right

[10:03] {nemo} stop is breakout area from yesterday

01[10:03] {&Threei}  the only thing that bothers me is, it moved opposite to SPY tpoday so far

01[10:03] {&Threei}  and SPY goes up

01[10:03] {&Threei}  see, this sharp drop was a reaction to the first line:

[10:04] {nemo} yeah but resource stocks have been strong, so if BTFD! is still in place...

01[10:04] {&Threei}  Q3 Philadelphia Fed Professional Forecasters Survey: 2013 GDP growth forecast revised to 1.5% from 2.0% prior

01[10:04] {&Threei}  then second line about inflation got all the attention

01[10:04] {&Threei}  it means more Fed easing

[10:04] {dino} out ioc 67.85, +2.05

01[10:04] {&Threei}  and market recovered

01[10:04] {&Threei}  wtg dino

[10:05] {dino} ty

01[10:06] {&Threei} Long Setup:  GDX  .15 break

01[10:06] {&Threei}  If holds  .05 

[10:06] {dino} htwr sm l .85

01[10:06] {&Threei}  change to .10

01[10:06] {&Threei}  If holds  40 

01[10:08] {&Threei}  1:1

01[10:08] {&Threei}  ok, don't be a scalp anymore

01[10:08] {&Threei}  chart is clear to .40

01[10:08] {&Threei}  and actually .50

01[10:09] {&Threei}  oh, and take FCX with you

01[10:10] {&Threei}  good biy FCX

01[10:10] {&Threei}  boy too

[10:13] {nemo} IOC pop

[10:16] {Alexs} gdx looks short now

01[10:16] {&Threei}  sigh

01[10:16] {&Threei}  anyway, nemo... I begged for FCX for you, and got it

[10:17] {nemo} bless you sir....

[10:17] {nemo} gag...

[10:17] {nemo} puke...

[10:17] {nemo} wretch...

[10:17] {nemo} this nice shit is horrible on my digestive system

01[10:17] {&Threei}  appreciate it, I know it took great effort

01[10:18] {&Threei}  to save your precious health, ir at least prevent further deterioration, you can say something nasty now... about les

01[10:19] {&Threei}  what do you know, short it was

[10:20] {nemo} look for gdx bounce between .70 and .80

01[10:33] {&Threei}  ok... .70 is here

01[10:33] {&Threei}  watching

01[10:33] {&Threei}  no sign of clear setup yet

01[10:34] {&Threei}  http://www.nytimes.com/2013/08/16/business/global/easy-credit-dries-up-crippling-chinese-cities.html?ref=business&_r=1&pagewanted=all&

01[10:34] {&Threei}  worthy read

[10:35] {dino} byi hl l .40

[10:39] {dino} byi stopp .00 -.40

[10:40] {+cc_9} Very nice ranges today on SPY at last

[10:41] {+cc_9} IOC, can't look anymore

[10:44] {dino} sfun sm l .99

01[10:46] {&Threei} Short Setup: C  .85 breal

01[10:46] {&Threei}  If holds  .90 

[10:53] {+cc_9} "Daniel Perry, from Dunfermline, was reportedly the victim of blackmailers who recorded his interactions via Skype with a person he believed was an American girl his own age. They then threatened to show his family the footage unless he paid up, UK media reports say. Instead, the 17-year-old jumped from a bridge last month."

01[10:57] {&Threei} Long Setup:  CAT  .80 break hl

01[10:58] {&Threei}  If holds  .70 

01[11:03] {&Threei}  1:1

01[11:04] {&Threei}  nice scare along the way

01[11:04] {&Threei}  was one meh away from becoming somg

01[11:05] {&Threei}  sigh... I miss Will... he always laughs mercifully at my jokes

[11:07] {RonS} ...miss Les...he always rubs Nemo the wrong way...sigh...

01[11:07] {&Threei}  soon... both of them...

[11:08] {RonS} miss Patience...she had a longer term perspective, and kept Nemo's language in check...

01[11:09] {&Threei}  speaking of longer term perspective, have you checked out trademiner?

01[11:09] {&Threei}  http://www.realitytrader.com/swingtrader.html

[11:09] {RonS} no, never heard of him...

01[11:10] {&Threei}  take a look at this url

01[11:10] {&Threei}  quite neat thing

[11:18] {dino} apd sm l .40

[11:19] {dino} out sfun .39, +.40

[11:27] {RonS} 3i, that guy looks like he could be your brother but he has a funny accent...

01[11:27] {&Threei}  what guy?

[11:28] {RonS} trademiner demo dude...

01[11:28] {&Threei}  oh... lol

01[11:28] {&Threei}  never watched that

01[11:28] {&Threei}  just run the software itself

01[11:29] {&Threei}  and was pleasantly surprised

[11:29] {dino} out htwr .53, +.68

[11:29] {RonS} figures...since you've never read the books you've written...

01[11:29] {&Threei}  thsat's a matter of principle

01[11:30] {&Threei}  one is either a reader or a writer

[11:30] {RonS} or a 'rithmatic?...

01[11:30] {&Threei}  or that

01[11:31] {&Threei}  also, my math shows I can read fewer letters than I can write

01[11:31] {&Threei}  so I apply my effort where I get better leverage

01[11:31] {&Threei}  see? it all makes sense when you don't think about it

01[11:33] {&Threei}  although some say letters I write can't be read... but I think they are just jealous

[11:33] {RonS} lol

01[11:45] {&Threei} Long Setup:  FB  .10 break

01[11:46] {&Threei}  If holds  37 

[11:53] {dino} byi sm l .00 wide, gappy sucker

01[12:17] {&Threei}  1:1

01[12:29] {&Threei}  taking a break for an hour, hour and half, don't want to push during total market inactivity. Even mornong yielded scalps mostly

01[12:29] {&Threei}  oh btw:

01[12:29] {&Threei}  InterOil Corporation Responds to trading alert; Negotiations with ExxonMobil Papua New Guinea Ltd. regarding an agreement to monetize the Elk and Antelope fields are ongoing.- Responded to a trading alert from the New York Stock Exchange. In response to an inquiry regarding unusual trading activity in InterOil shares, the Company has informed the NYSE that it is InterOil's policy not to comment on market rumours or speculation. It is also the Company's policy not to comment on ongoing negotiations. Negotiations with ExxonMobil Papua New Guinea Ltd. regarding an agreement to monetize the Elk and Antelope fields are ongoing.

[13:04] {RonS} reits absolutely pummeled today

[13:09] {nemo}  spy just dropped the 50 bounce time?

[13:10] {RonS} ?

[13:10] {nemo} 50 SMA on the daily

[13:10] {RonS} ah

[13:10] {nemo} 165.78ish

[13:14] {+cc_9} whoa

[13:14] {+cc_9} just now seeing this deathdrop

[13:14] {nemo} a tad histrionic, wouldn't you say?

[13:16] {RonS} castrationionic...

[13:16] {nemo} go back to catatonic, will ya...

[13:16] {nemo} stuck ur chin out on that one

[13:16] {RonS} will do Captain...

01[13:18] {&Threei}  (US) PIMCO's Gross tweets: All asset markets are peaking; without Fed check writing we "only have ourselves to sell to"

01[13:19] {&Threei}  second half FB got taken at .29 while I was away

01[13:19] {&Threei}  cool beans, quiet but profiitable day

[13:21] {nemo} http://nyti.ms/16hqfVl

[13:28] {RonS} it's good to be a communist state:  Ecuador to develop crude deposits in Amazon area declared biosphere reserve by UN | http://bloom.bg/12ahFqN

01[13:30] {&Threei}  so, communist state fights regulations announced by communist UN

01[13:30] {&Threei}  what fun

[13:31] {RonS} next up: Ecuadorean named to head UN biosphere reserve...

01[13:34] {&Threei}  wow FB

[13:34] {RonS} selloff tied to jump in interest rates?  .tnx +.96 +3.4%

01[13:35] {&Threei}  most likely

[13:35] {nemo} gotta' love A-Fraud, ratted out his own teammate

01[13:35] {&Threei}  inmbalances start slowly righting themselves

[13:40] {+cc_9} speaking of imbalances, i got a guy who uses an API that trades just that

[13:40] {nemo} wonder if he can trade Les with it then

[13:44] {RonS} brutal 2 track mind...take away Les and rabbits w/ raisins and the guy couldn't put two words together...

[13:44] {RonS} hehe

[13:44] {nemo} nailed your ass mofo

[13:44] {RonS} lol

[13:45] {nemo} so much for staying catatonic

[13:45] {nemo} Hey 9er, think we'll have some short covering later?

01[13:46] {&Threei}  Ron, he probably could but this is his Zen...

[13:47] {nemo} Ron's a regular hytraya zhopa

[13:48] {dino} out apd .54, +.14

01[13:58] {&Threei}  ugh, sold FB too soon

[13:59] {+cc_9} MNST trying to find a bottom on 30min

[13:59] {nemo} think fas .20 break long, with .10 stop viable especially if spy moves above .80

[14:00] {nemo} vwap run possible

[14:00] {nemo} makes fas .70 viable trget

[14:03] {dino} byi re-load sm l .18

[14:06] {nemo} 50 SMA on SPY is now .74 so look for it to hold above

[14:13] {RonS} watching isis for capit...

[14:19] {nemo} Egyptian mythology?

[14:20] {RonS} Greek

01[14:24] {&Threei}  Euro vs US Dollar State Street FX exec: Pair may fall to $1.20 within the next year; USD expected to be strong over coming first half of year to a full year (timing uncertain)- Cautious on commodity related currencies (CAD, AUD, NZD)

[14:27] {dino} sstk drop

01[14:36] {&Threei} Short Setup: CAT  .15 break

01[14:36] {&Threei}  If holds  .25 

[14:43] {+cc_9} http://www.rottentomatoes.com/m/jobs/

01[14:43] {&Threei}  CAT is valid

[14:44] {Alexs} full lot cat?

[14:46] {dino} sstk sm l .52

01[14:48] {&Threei}  Invalidated  

[14:52] {dino} out sstk .00, +.48

[14:52] {+cc_9} nice ramp on SPY

[15:01] {nemo} ran to vwap

[15:18] {dino} lnn spike

[15:21] {dino} lnn sm s .74

[15:24] {Alexs} qihu .40 short hl?

01[15:25] {&Threei}  not my cup of tea

[15:25] {Alexs} lol

[15:29] {dino} shpg spike

[15:31] {dino} shpg sm s .18

01[15:32] {&Threei}  CIA confirms Area 51 exists

[15:33] {dino} cov shpg .65, +.53

[15:37] {dino} stop lnn .85 -.13

01[15:41] {&Threei}  not finding final play

06[15:44] * nemo gives Vad a magnifying glass and tweezers

[15:50] {dino} nclh drop

01[15:50] {&Threei}  Ok guys, time ran out

01[15:50] {&Threei}  thank you all, nice week for us

01[15:50] {&Threei}  have a good weekend, see you Mon

[15:50] {Alexs} take care Vad thanks 

[15:51] {dino} sm l .00

[15:53] {Alexs} nclh

[15:53] {dino} y

[15:54] {Alexs} k

[15:55] {dino} out .03

[15:55] {dino} gn all

[15:55] {Alexs} gn dino

[15:57] {bbobr} gn all

[15:57] {dino} :)

Aug 15 2013

Second 1:3er in first 30 min, first being C short. Variation of a Kangaroo tail reversal.

And one more, third in one morning:

Christmas come early?

Needless to say, with 4 1:3ers this day had no chance to be anything less than spectacular.

Session Time: Thu Aug 15 00:00:00 2013
[08:35] {nemo} sniff
01[08:35] {&Threei}  tough life?
[08:38] {nemo} looks like a sheep shearing day in the market, eco numbers are "good" too
01[08:39] {&Threei}  except empoure manufacturing
01[08:39] {&Threei}  empire
[08:43] {nemo} number was better than expected
01[08:44] {&Threei}  *(US) AUG EMPIRE MANUFACTURING: 8.24 V 10.00E - Source TradeTheNews.com
[08:44] {nemo} interesting...Finviz has it wrong then
[09:20] {RonS} gm
01[09:20] {&Threei}  ron :)
[09:20] {Alexs} gm
01[09:20] {&Threei}  alex :)
[09:21] {cipher} gm
01[09:22] {&Threei}  cipher :)
[09:28] {bbobr} gm
01[09:28] {&Threei}  bbobr :)
[09:28] {+cc_9} GM everyone.
01[09:28] {&Threei}  cc9 :)
[09:28] {goinshort} gm all
01[09:29] {&Threei}  gs :)
01[09:29] {&Threei}  hope you don't mind abreviation
[09:29] {goinshort} not at all
01[09:30] {&Threei} Short Setup: C  51 break
01[09:30] {&Threei}  If holds  .10
01[09:31] {&Threei} Short Setup: GDX  .15 break
01[09:31] {&Threei}  If holds  .25
01[09:31] {&Threei}  Invalidated  GDX
01[09:31] {&Threei}  C 1:2
[09:31] {+cc_9} Will be focusing on IWM reversal today as its a tad stronger than SPY
01[09:32] {&Threei} Short Setup: GDX  .34 break
01[09:32] {&Threei}  .40
01[09:32] {&Threei}  C 1:3
[09:33] {+cc_9} SPY hitting lows, IWM off LOD
01[09:33] {&Threei}  If holds  .45
[09:33] {nemo} finnies at 50 day
[09:35] {+cc_9} IWM now on par with SPY, same range
[09:35] {nemo} spy at S3 daily and Weekly S2
[09:37] {+cc_9} IWm trying
[09:38] {nemo} numbers at 10 so we might not get any direction until then
01[09:38] {&Threei}  no go
01[09:39] {&Threei} Short Setup: JPM  .50 break
01[09:39] {&Threei}  If holds  .60
[09:42] {+cc_9} big prints so far
[09:42] {+cc_9} We should see one pop before the #s at 10:00AM
[09:42] {+cc_9} then real movement then
[09:44] {dino} de hl l .95
[09:44] {+cc_9} IWM poking its head out
[09:45] {dino} nhi thinny, sm l .22
[09:45] {+cc_9} 103.25 is b/o for now
[09:45] {+cc_9} but of course with 15 minutes on the clock, its a quick trade only
[09:46] {dino} de stop .66 -.29
01[09:47] {&Threei} Short Setup: GDX  .80 break
01[09:47] {&Threei}  If holds  .90
01[09:48] {&Threei}  1:1
01[09:50] {&Threei}  JPM = SoMG
[09:50] {+cc_9} SPY plunging, IWM holding its lows for now
01[09:52] {&Threei}  GDX 1:2
01[09:53] {&Threei}  1:3
01[09:53] {&Threei}  out
01[09:53] {&Threei}  finally decent one
[09:53] {robbers} Out also, thanks.
01[09:54] {&Threei}  :)
01[09:55] {&Threei}  JPM 1:2, &^%@#(^
[09:55] {+cc_9} relentless pressure on the SPY, 5 mins on eco data
[09:56] {nemo} sheep shearing day  BOHICA!!!!!
[09:56] {nemo} 166.30ish monthly pivot on SPY
01[09:59] {&Threei}  waiting numbers out
[09:59] {nemo} wuss
[10:00] {+cc_9} #s out any second
[10:00] {+cc_9} no market reaction yet
[10:00] {dino} de sm l .50
[10:00] {nemo} Ive got long signals but...I'm a wuss
[10:01] {+cc_9} CPI weaker than expected
01[10:01] {&Threei}  *(US) AUG NAHB HOUSING MARKET INDEX: 59 V 57.0E
[10:01] {+cc_9} jobless claims "better" than expected.
01[10:01] {&Threei}  *(US) AUG PHILADELPHIA FED BUSINESS OUTLOOK: 9.3 V 15.0E
[10:02] {+cc_9} any headfake & the market gets bot, even on the back of those numbers
[10:04] {+cc_9} SPY still no direction
[10:04] {+cc_9} needs 169.70 for slight bounce
[10:05] {+cc_9} top for intraday 167.40 from earlier
[10:08] {+cc_9} death
[10:11] {+cc_9} There goes the .30s nemo, lets see now
[10:11] {nemo} 166.26 Monthly Pivot .16 Daily S4
[10:11] {nemo} we only get to S4 10% of the time
[10:13] {nemo} trying to hold the monthly
[10:13] {nemo} I have buy signals on indexes
[10:14] {nemo} Having said that, would like to see double bottom formations first after this tumble
01[10:14] {&Threei} Long Setup:  CAT  .95 break hl
01[10:15] {&Threei}  If holds  .85
01[10:15] {&Threei}  stop to .89
[10:16] {+cc_9} long IWM here small
01[10:17] {&Threei}  nice lid keeping, NSXX
01[10:18] {&Threei}  there
01[10:18] {&Threei}  1:1
01[10:18] {&Threei}  1:2
[10:18] {+cc_9} CAT nice double bottom there Vad
[10:18] {nemo} spy bottomed at .17 .01 above daily S4
01[10:19] {&Threei}  ty
01[10:19] {&Threei}  I have my moments
[10:19] {nemo} looking at a cat's ass....weird
[10:21] {+cc_9} 167 on SPY, is that asking for too much ?
[10:21] {robbers} Out CAT, thanks Vad.
01[10:21] {&Threei}  1:3, out
01[10:21] {&Threei}  yw
[10:23] {+cc_9} come on SPY, just $0.50 more thats all...
[10:24] {+cc_9} hell, even 166.75 wall would be tolerated
[10:25] {dino} out de .05, +.55
[10:25] {robbers} wtg
[10:25] {RonS} builders mounting a reversal
[10:25] {+cc_9} IWM so far so good, staying with it
[10:26] {dino} dhi l .25
[10:26] {dino} builders positive
[10:29] {+cc_9} .70s first little wall on SPY
[10:30] {dino} ugaz spike
[10:33] {+cc_9} anyone here goes on LiveLeak for actual reality that media won't show ?
[10:33] {+cc_9} some stuff out of Egypt yesterday on LiveLeak looks very similar to Syria
[10:33] {+cc_9} Gov using snipers and police in civilian gear and saying they are the opposition, nuts
[10:34] {nemo} SOP  Hitler did it to start the invasion of Poland
[10:34] {nemo} Israel did it to start the 7 day war
[10:34] {nemo} We did it to start the Vietnam war
[10:35] {+cc_9} I wonder how long before the MB gets its first shipment of arms from Libya, the light weapons walmart of north Africa.
[10:39] {RonS} ...does this guy have a clue?...President Obama calls on protesters to act peacefully, says authorities should respect right of peaceful protest
[10:39] {+cc_9} send them tanks, tell them to be peaceful
[10:40] {nemo} of course he does  the sheep need to hold still so they can be shot
01[10:40] {&Threei}  he does now: "hey, this gives me a clue, maybe ousting Mubarak wasn't such a good idea..."
[10:41] {+cc_9} Mubarak is still in power
[10:42] {+cc_9} calling the shots from his club med joint
[10:42] {nemo} frickin' tsla
[10:42] {+cc_9} What most people don't realize is that Egypt's military controls all subsidies : food, heating gas, petrol etc...
01[10:42] {&Threei}  out of a few tin dictators of the region he pushed out the one who kept relative order and peace, and left well alone those who instill chaos and provoke war
01[10:46] {&Threei} Short Setup: GDX  .30 break
01[10:46] {&Threei}  If holds  .40
01[10:47] {&Threei}  President Obama announces cancellation of upcoming 'Bright Star' joint US-Egyptian military exercise
01[10:47] {&Threei}  up to this point it was a go, eh?
[10:47] {nemo} optics
[10:48] {+cc_9} They need more Killdozer joint exercise
[10:49] {+cc_9} I know this is far fetched, but at one point, Egypt might contemplate leasing the pyramids...Suez can't pay for it all
[10:49] {+cc_9} Saudi can pressure Qatar to cut its loans to Egypt
[10:50] {nemo} pyramids were a Jewish plot
[10:51] {RonS} lol
01[10:51] {&Threei}  no go... too bad, looked very tempting and started out nicely
[10:57] {+cc_9} SPY going for another test
[10:57] {nemo} huge frickin' volume spike XLF
[10:58] {+cc_9} see it
[10:59] {+cc_9} SPY dodged the LOD bullet for now
[10:59] {nemo} Monthly Pivot and daily S4 within .10 of each other, pretty strong
[11:09] {+cc_9} vol spike SPY, some buyers
[11:10] {+cc_9} SPY trying for a leg up
[11:10] {+cc_9} b/o 166.80
[11:11] {+cc_9} .75 first wall, clears that should be god
[11:13] {+cc_9} giddy up
[11:14] {+cc_9} 166.75 wall test as expected.
[11:14] {nemo} vwap and price resistance
01[11:14] {&Threei}  giddy down?
[11:14] {+cc_9} No, it was a wall test, it gets through it, volume is there
01[11:17] {&Threei}  yeah, giddy up
[11:17] {+cc_9} SPY levels that I have for today : http://img96.imageshack.us/img96/9199/wjmf.jpg
01[11:17] {&Threei}  thern there probably is giddy sideways...
[11:18] {+cc_9} id like to first get the giddy up to 167 then the giddy sideways
[11:19] {+cc_9} @ wall, needs to crack. Vol still behind it...for 11:20AM, its half decent
[11:19] {dino} de hl l .01
[11:20] {+cc_9} SPY 2 min sitting right under the wall
[11:21] {+cc_9} somewhat of an I-H&S on 2/5 mins SPY
[11:23] {+cc_9} and through the wall. SPY .80s printing
[11:24] {+cc_9} :)
[11:24] {RonS} db nice reversal
[11:31] {+cc_9} all out IWM
[11:33] {dino} de to b/e stuck
[11:33] {dino} dhi to .57
[11:37] {+cc_9} And there goes IWM/SPY
[11:38] {dino} out dhi .65, +.40
01[11:45] {&Threei}  Egypt police to use live bullets to defend against attacks on buildings, security forces, interior ministry says
01[11:45] {&Threei} Long Setup:  GDX  .90 break
01[11:46] {&Threei}  If holds  .80
[11:46] {dino} out de .20, +.20
01[11:48] {&Threei}  1:1
[11:57] {robbers} Out GDX at .03
[11:57] {robbers} Thanks.
01[11:59] {&Threei}  yw
01[12:10] {&Threei}  Taper Jitters Drive Risk Appetite Away
[12:11] {nemo} I'd love to shoot the assholes that write financial story headlines
[12:11] {RonS} lol...but how do you really feel?...
[12:12] {nemo} well, you might find it a bit extreme if I said I wanted to wipe their genetic seed from the earth
[12:14] {+cc_9} If anyone checked out the SPY Chart I posted @ 11:17, here is the updated one : http://img546.imageshack.us/img546/8079/gkh7.jpg
[12:14] {dino} val hl l .50
[12:18] {nemo} imo finnies recapture the 50 day
[12:43] {nemo} wow de
[12:45] {RonS} Icahn on twitter:  NYT's thesis that Ackman's actions prove something is wrong with activism is specious. His actions prove only something is wrong with Ackman
01[12:47] {&Threei}  lol
[12:48] {nemo} http://fxn.ws/1a8EgZM
01[12:49] {&Threei}  GDX 1:3
01[12:49] {&Threei}  out
[12:49] {dino} out val .85, +.35
[12:49] {+cc_9} DE kind of needed that yesterday
[12:53] {+cc_9} wow GDX
[12:53] {+cc_9} and holy shit DUST
[12:54] {RonS}  $SLW CEO: "In the second quarter, our average cash cost for $SLV was $4.14 per ounce and for $GLD it was $350 per ounce.
[13:01] {nemo} gdx ;ppls sjprt jere
[13:01] {nemo} short here
[13:02] {RonS} slw 86 day high
[13:05] {+cc_9} SPY 167 multiple tests, great wall
[13:06] {+cc_9} looking for .30 - .40 range as support now
[13:06] {nemo} this does not look auspicious for spy
[13:09] {+cc_9} DUST { $50.00
[13:09] {+cc_9} putain de bordel
[13:09] {RonS} holy indicator remains weak...IBM
[13:10] {nemo} arguably indexes long here
01[13:11] {&Threei}  3 visuals: http://goo.gl/DRSPR2
[13:12] {dino} aegr sm l ave .13
[13:13] {+cc_9} indexes nearing session lows
[13:13] {+cc_9} This loks like some serious liquidation
[13:13] {nemo} get ready to throw the women and children overboard
[13:13] {nemo} sharks gotta' eat too
[13:14] {+cc_9} .30 so far holding SPY
[13:14] {nemo} some serious volume coming in
[13:15] {+cc_9} .20 last intraday support, below that its a toilet flush
[13:17] {+cc_9} SPY ~ triple intraday bottom for now, confirmation is above 166.70
[13:18] {+cc_9} not a full day for 1:20PM
[13:19] {+cc_9} I have a feeling we're about to see a wild print, either a stop eater sub 166.20 or a fast push to reverse the trend
[13:19] {+cc_9} volume picking up still
[13:20] {nemo} oh the melodrama
[13:22] {+cc_9} DIA already hitting fresh lows
[13:22] {+cc_9} IWM few cents shy, SPY fighting for that 166.20
[13:25] {dino} spy gap 165.20
[13:25] {nemo} yeah, but I would expect a bounce off the whole today
[13:27] {+cc_9} thats what I thought yesterday too, before we had a that nose dive and crash after hours
[13:27] {nemo} what time it crash?
[13:27] {+cc_9} but yes today looks like slight "capitulation" from yesterday, bounce is over due. Nothing crazy, at best 167.50
[13:28] {+cc_9} SPY went down another $0.30 after hours yesterday
[13:29] {+cc_9} IWM @ LOD, spy still hanging
[13:29] {dino} need another % imo, dji only down 2.5%, s/p 2.3%. usually 3.5% then bounce
[13:29] {nemo} monthly pivot iwm 102.04
[13:34] {RonS} nemo re retweet by northman:  because they have re-defined it into oblivion...
[13:34] {nemo} yep
[13:35] {nemo} I guess food and fuel don't count  not to mention if you can't afford steak, you'll buy hamburg.  If you can't afford hamburg, you'll buy dog food
[13:35] {dino} hmmm, was thinking hotdogs
[13:35] {nemo} so, that type of substitution is not considered in inflation
[13:35] {nemo} I wouldn't feed my dog hotdogs
[13:36] {nemo} .65-.74 key area for spy
[13:36] {dino} funny thing, my dog will not eat bologna
[13:36] {nemo} I can confirm rabbits LOVE raisins
[13:42] {+cc_9} SPY the suspense is getting lame
[13:43] {nemo} gdx at amptjer ga[
[13:43] {nemo} another gap
[13:45] {+cc_9} SPY trying, IWm slight lag, should get a delayed push
[13:47] {nemo} oh bummmer...the keyboardist from the Blue Oyster Cult died
[13:48] {+cc_9} GDX up 5 days out of the past 6...impressive.
[13:48] {nemo} 35% off the bottom
[13:51] {dino} aegr stop
[13:54] {+cc_9} GDX getting close to its daily resistance
01[13:54] {&Threei} Short Setup: GDX  .10 break
01[13:54] {&Threei}  If holds  .20
[13:55] {nemo} that's a ballsy call
01[13:57] {&Threei}  1:1
[13:59] {+cc_9} IWM poking its head out ahead of SPY, first time today
[14:08] {nemo} oh boy
[14:15] {nemo} gap hell...release the hounds of war!!!!
[14:30] {+cc_9} SPY stop eater triggered, back to near 166.70
[14:39] {nemo} pretty good spy volume today
01[14:40] {&Threei}  yup, picks up
01[14:40] {&Threei}  9% above 3-months ave
01[14:40] {&Threei}  no wonfer we get 4 1:3ers
01[14:40] {&Threei}  wonder either
01[14:40] {&Threei}  and one of them actually went to 1:12
[14:41] {+cc_9} anyone dare to call the SPY close ?
[14:42] {+cc_9} we're about to test that 166.70 once again
[14:42] {nemo} red
[14:42] {+cc_9} I was thinking more along the lines of spy closes @ xxx.xx
[14:42] {nemo} one would think they would want to try and close it above 167 at a minimum
[14:44] {+cc_9} IWM trying
[14:47] {+cc_9} 166.70 denied again on SPY
[14:48] {nemo} rejection at vwap not good from an institutional point of view
[14:49] {+cc_9} PHM wowza
[14:58] {+cc_9} TOL nonstop since 10:00AM data
[14:59] {nemo} interesting, algo only has stocks on green side yet indexes not moving
[15:00] {nemo} spy volume
[15:00] {nemo} oops guess it was a mistake
[15:07] {+cc_9} another I-H&S on 5min SPY starting from 12:30PM
[15:10] {+cc_9} on triple digit down days, we tend to bounce around this time, especially coming from a sell-off yesterday. Mixed signals on various timeframes, can't read it other than watch the trendlines set on the SPY chart.
[15:11] {nemo} one would expect short covering, but this this range since 10:00 may have covered it
[15:12] {nemo} look at finnies iwm and spy, last assault on vwap unsuccessful
[15:12] {+cc_9} Back to the 166.20 test on SPY, IWM failing faster
[15:13] {nemo} H&S on spy if you look from 10:00 am on
[15:13] {nemo} this spy low here monthly pivot to the penny
[15:14] {nemo} xlf volume spikes
[15:15] {nemo} Here's a clean chart: https://twitter.com/newsagg/status/368088547330244608/photo/1
[15:15] {nemo} wtf
[15:15] {+cc_9} bunch of nonsense
[15:16] {nemo} my eyes can't take it
[15:16] {nemo} Vad's an Ichimoku groupie
[15:16] {nemo} kinda' good thing he can't reach me
[15:18] {+cc_9} LODs starting to flash
[15:18] {nemo} lo ticker's moving
[15:19] {+cc_9} SPY big candle about to form on the 5min
[15:19] {+cc_9} wick to wick should be about $0.25
01[15:20] {&Threei}  chart where you can't at once see what line is the price should be destriyed and its author culled
[15:20] {+cc_9} LOD stop eater algo on standby
[15:20] {+cc_9} VXX @ highs
[15:20] {nemo} think they save that spy gap for another day
[15:21] {+cc_9} SPY testing 166.20 for the 5th time today
[15:21] {nemo} like a Thai hooker with ghonnorhea
[15:21] {nemo} mmmhhh, where'd that come from?
[15:21] {+cc_9} highest volume bar on 5min SPY since 2:10PM
[15:22] {nemo} look xlf
[15:22] {dino} speaking of hookers, look at the spread on regn, .40
[15:22] {nemo} well, if the proverbial short covering is going to commence
[15:22] {nemo} clap...
[15:22] {nemo} I can't....
[15:22] {nemo} tight, huh?
[15:23] {nemo} pretty good battle here on spy
[15:23] {+cc_9} massive volume SPY = 0 action
[15:23] {+cc_9} cant even clear .40
[15:24] {+cc_9} get that order flow, get the suckers, buy the dip, etc....
[15:24] {nemo} oh oh
[15:24] {+cc_9} aaaaaaand headfake
[15:24] {nemo} slammed that right back down
[15:25] {nemo} might be trying to shake the longs before it goes
[15:25] {+cc_9} already shook them 4 times
[15:26] {nemo} yeah, was thinking the short covering meme
[15:26] {+cc_9} and those who bot the close yesterday for a reversal, well, still in
[15:26] {+cc_9} unless they hit the bids on that 10AM capitulation
[15:26] {nemo} an inverted hammmer, then a doji, what now
[15:27] {+cc_9} we should be ripping 50 points fast either direction, not this bs wash trading
01[15:28] {&Threei} Short Setup: GDX  .10 break
[15:28] {nemo} woulda' shoulda' coulda'  now we should start hearing about the prom queen
01[15:28] {&Threei}  If holds  .20
[15:29] {+cc_9} up 3 cents, down 2
[15:29] {+cc_9} fun
[15:29] {nemo} yep was the shakeout, .45 next level
[15:30] {+cc_9} Paulson told investors last month to hold gold, this month he dumped 50% his position
[15:30] {RonS} ...shocked there is gambling in this establishment
[15:30] {+cc_9} IWM major lag
[15:30] {+cc_9} it actually just downticked while the SPY just pushed near .50
[15:31] {+cc_9} what a dog
[15:31] {nemo} Of all the gin joints
[15:31] {+cc_9} IWM volume spike on 5min
[15:32] {+cc_9} unreal...SPY prints near 166.50, IWM downticks
[15:32] {nemo} spy dropped the .45 this isn't looking good...cut up the women and children for chum
[15:32] {+cc_9} Even the DIA and the Qs upticked along, more pressure on the small caps
[15:33] {nemo} use your shift key
[15:33] {nemo} I can hear Vad now, "Oh Nemo, wtf..."
[15:34] {+cc_9} IWM @ LOD
[15:37] {nemo} is today op ex Thursday?
[15:37] {RonS} could call it that...
[15:38] {nemo} great TweetOfGod
[15:38] {dino} yes
[15:38] {nemo} the tweet?
[15:39] {+cc_9} Once again, all the move will be during the last 2 minutes, another EOD trap
[15:39] {+cc_9} lame...really lame
[15:40] {+cc_9} IWM fresh lows SPY $0.20 off
[15:41] {Alexs} Are you in GDX trade Vad?
01[15:41] {&Threei}  yes
01[15:41] {&Threei}  should have partialed near 30 but missed it
01[15:43] {&Threei}  half out
01[15:43] {&Threei}  stop .11
[15:44] {+cc_9} bottom to top of candle SPY in last 30 minutes ? $0.10
[15:44] {+cc_9} if this was all the bounce, its pathetic
[15:45] {+cc_9} anything sub 167.40 is a pathetic close
01[15:45] {&Threei}  the best day in the whole summer I think
[15:46] {Alexs} No best day was 7/31
[15:46] {nemo} 167  cc?
01[15:46] {&Threei}  ok... second best
[15:46] {Alexs} lol
[15:47] {+cc_9} 167.40 was pre-market range nemo
[15:47] {+cc_9} for a reversal, needs at least a close @ or above 167.40
[15:48] {+cc_9} we were unable to get/stay above 166.70 since 1PM. All we had was a $0.50 range with both top and bottom testing twice
01[15:50] {&Threei}  ok guys, thank you all
01[15:50] {&Threei}  have a great evening, see you tomorrow
[15:50] {+cc_9} Here is the same SPY chart from earlier, but updated : http://img842.imageshack.us/img842/1865/eyxe.jpg
[15:50] {nemo} morituri te salutamos
[15:51] {nemo} didn't work cc
[15:51] {+cc_9} http://img842.imageshack.us/img842/1865/eyxe.jpg
[15:51] {+cc_9} click the square, even if shows broken it will open
[15:52] {+cc_9} just hosted
[15:52] {+cc_9} http://miburl.com/YyLqWI
[15:53] {+cc_9} works now ?
[15:53] {nemo} yep
[15:54] {+cc_9} last lap, now we get direction
[15:56] {+cc_9} Small caps ticking ahead
[15:56] {+cc_9} IWM small pop ahead of S&P