Tuesday, April 2, 2013

Apr 2 2013

Very nice day with winning trades on GDX, CAT, SLW (4 out of 5 on this one alone). Stops were fer and far between and couldn't spoil the day. SLW downward move could have been exploited better  as we called break of major support earlier, but it is what it is.


Session Time: Tue Apr 02 00:00:00 2013
[08:58] {dino} gm
[08:59] {nemo} think so?
01[09:00] {Threei}  dino :)
[09:01] {dino} spring must be close, i have to wear a hat to keep sun out of my eyes while a.m. trading
01[09:01] {Threei}  lol
[09:05] {_doublertrading} Morning
[09:06] {nemo} Mmmmhhhhhh.....Vad, do you think our luck can hold?
01[09:06] {Threei}  doubler :)
01[09:06] {Threei}  about what nemo?
[09:06] {nemo} Les not being here
[09:14] {dino} lol
[09:18] {cipher} gm
01[09:19] {Threei}  cipher :)
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {Les} good afternoon
[09:21] {nemo} so much for hope
01[09:21] {Threei}  les :)
[09:21] {Les} frikin liberal
[09:21] {Les} next time u won't vote obama will ya
[09:22] {Les} hoping GDX holds .90 before opening
[09:22] {nemo} ? you're a dead man
[09:22] {Les} until opening
[09:22] {Les} Vad is Nemo threatening me?
[09:22] {nemo} No, making a promise
[09:22] {Les} not sure he's taken his meds this morning
[09:23] {backman} gm
01[09:23] {Threei}  backman :)
[09:23] {nemo} yeah...well ran out of rum yesterday
[09:25] {Alexs} gm
01[09:25] {Threei}  alex :)
[09:26] {Les} great post by the kid vad
01[09:26] {Threei}  yup... one of a very few bloggers who reeally understand what's going on
[09:26] {nemo} by whom?
[09:26] {nemo} oh, yeah that was hilarious
[09:30] {ese} gm
01[09:30] {Threei}  ese :)
01[09:31] {Threei}  watching FB for pullback entry
[09:32] {Les} c FAS went to split today
[09:32] {nemo} all the direxion leveraged etfs did
[09:32] {Les} including?
[09:32] {Les} ok TNA only 1 important
[09:32] {nemo} tna tza bgz bga fas faz, and a coupla others
[09:33] {nemo} And to think, he bred...
01[09:33] {Threei}  SLW on watch for short entry
01[09:33] {Threei} Long Setup:  FB  .90 break
01[09:33] {Threei}  If holds  .80
01[09:35] {Threei} Short Setup: SLW  .25 break
01[09:35] {Threei}  Invalidated  FB
[09:36] {jdetente} gm
01[09:36] {Threei}  jd :})
01[09:37] {Threei}  stop .36 for now
01[09:38] {Threei}  .31 now
[09:39] {ese} out adsk .41 +.43
01[09:39] {Threei}  notice how close SLW is to major support at 30
01[09:39] {Threei}  acts like magnet, anf if broken...
[09:39] {Les} will stress lot of bottom buyers...
[09:40] {dino} ndaq sm l .50 stop lod
[09:40] {Will49} nice one ese
01[09:40] {Threei}  SLW 1:1 is close enough for first part
01[09:41] {Threei}  stop to .26
01[09:42] {Threei}  OK... not this time yet for a bigt one
[09:42] {cipher} BRCM L .05
01[09:42] {Threei}  but stays on watch
[09:43] {cipher} GOLD L.07
01[09:43] {Threei} Short Setup: CAT  .25 break hl
01[09:43] {Threei}  If holds  .35
01[09:44] {Threei}  grrr SLW
[09:44] {Les} RIG
01[09:44] {Threei}  new low, after rinsing second half
[09:44] {Les} never mind gappy
[09:45] {Les} FB dt?
[09:45] {ese} tks will
01[09:46] {Threei} Short Setup: SLW  .10 break
[09:47] {dino} wgo sm l ave .85
01[09:48] {Threei}  If holds  .20
01[09:48] {Threei}  let's see if we get major breakdown this time
01[09:50] {Threei}  getting it alright
01[09:50] {Threei}  1:2
[09:50] {nemo} 10 oclock numbers
[09:50] {Les} S3 is here for SLW
[09:51] {_doublertrading} Nice trade on SLW
01[09:51] {Threei}  last 1/4 out on a trail .02
[09:51] {dino} ndaq stop .32 -.18
01[09:51] {Threei}  ty
[09:52] {thomcbell} good one vad
01[09:52] {Threei}  should have more in it but for now let's leave them sort it out
[09:52] {Will49} tks Vad
01[09:52] {Threei}  yw
[09:52] {nemo} cat interesting spot here
[09:52] {cipher} WPRT L .47
[09:53] {dino} wgo stop .71 -.14
[09:53] {Les} LVS
[09:54] {dino} wgo rinsed
[09:57] {cipher} TRIP L .68
[09:58] {ese} L trip .72
[09:58] {ese} C your reading my mind
01[09:58] {Threei} Short Setup: LVS  .20 break hl
01[09:58] {Threei}  If holds  .30
[09:59] {cipher} out TRIP .98 +.30
[09:59] {thomcbell} stocks really not acting well
[09:59] {dino} out trip .04 +.30 ty cipher
[09:59] {ese} out trip .04 ++.31
06[09:59] * Les orders all stocks to behave themselves forthwith
01[10:00] {Threei}  *(US)) APR IBD/TIPP ECONOMIC OPTIMISM: 46.2 V 45.5E
06[10:00] * Les engages acting coach for stocks that can't act well
01[10:01] {Threei}  (US) Feb Durable goods revised lower from 5.7% to 5.6%; Durables Ex-Transportation revised higher from -0.5% to +0.3%
[10:01] {ese} hmmmmmmmm TRIP .......hell bent for leather
01[10:01] {Threei}  no go LVS
[10:02] {Les} oh come on Tbell
[10:02] {Les} I'll get back in my corner
[10:02] {Les} FB looking like new squeeze attempt
[10:03] {nemo} spy coming to the top of the channel
[10:04] {dino} ndaq sm l .91
[10:04] {Les} SLW to vwap resistance
[10:05] {nemo} mos
01[10:06] {Threei} Long Setup:  C  .20 break
01[10:06] {Threei}  If holds  .15
[10:06] {nemo} RAX
[10:07] {ese} L urbn .41
01[10:08] {Threei}  ugh... no go
[10:08] {thomcbell} lvs still on short watch vad
01[10:09] {Threei}  can't tell really
[10:09] {cipher} MELI L .20
[10:10] {ese} out wprt .90 +.28
[10:10] {Les} been trying at FB but .80 holds strong vad
[10:10] {Les} .90 long  if holding .80?
01[10:11] {Threei}  not withough decent consolidation
[10:11] {Les} yeh
[10:11] {cipher} out WPRT .72 +.25
[10:11] {thomcbell} stx and wdc very weak
[10:11] {ese} L some more URBN avg .42
[10:13] {Les} yer MOS still going Nemo was looking for basing maybe .50?
[10:13] {Les} support .44 see a db
[10:13] {Les} wanna see
[10:13] {cipher} MELI stop  .08 -.12
[10:14] {Les} daily ugle
[10:14] {Les} ugly
[10:14] {nemo} or .30 maybe
01[10:14] {Threei} Short Setup: CAT  .25 break hl
[10:14] {nemo} they walked spy to the top of the channel then it dropped
01[10:14] {Threei}  If holds  .35
[10:14] {nemo} forgot about cat, couldn't get above vwap
01[10:15] {Threei}  enough rinsing CAT, time to drop
01[10:15] {Threei}  good kitty
01[10:15] {Threei}  give us 1:2
[10:17] {dino} alk drop
[10:18] {dino} sm l .60 alk
01[10:18] {Threei}  stop to .31
01[10:19] {Threei}  1:1
01[10:20] {Threei}  stop to .26
01[10:20] {Threei}  want to cover second half around 1:2, doubt it has mor in it
[10:20] {Les} .05 is a pivot support might need to bid .06 or .07
[10:22] {Les} MOS .55 or .60 holding .50?
01[10:22] {Threei}  it isn't
[10:22] {Les} :)
[10:23] {Les} answer from a master
01[10:23] {Threei}  but it gave you clean DBI, why not short .50 break?
01[10:23] {Threei}  well, I am master of obvious
[10:24] {Les} true, got locked into single scenario
[10:24] {thomcbell} lvs vad
01[10:24] {Threei}  when a stock doesn't hold .50, you can count on me giving it to you straight: no, I'll tell you, it doesn't hold .50.
[10:25] {Les} SLW back to the 30
[10:25] {dino} txi sm l ave .61
01[10:25] {Threei}  yeah tbell... didn't get a read on it
01[10:25] {Threei}  still don't
01[10:25] {Threei}  MOS 1:1 btw
01[10:25] {Threei}  Les, this indicates thinking instead of seeing
01[10:26] {Threei}  remember the main point of 111 Trades
01[10:26] {Threei}  visual recognition
[10:26] {Les} yeh
01[10:26] {Threei}  same thing earlier with suggestion of FB .90 break - there was no any recognizable setup there
01[10:27] {Threei}  take it as an early wanrning of deviation from the, umm... true path, to borrow from new age idiots
01[10:27] {Threei}  so you know what to correct at early stages
01[10:27] {Threei}  not waiting for a problem to grow
[10:28] {Les} yeh danger of overthinking ORCL again I see
[10:28] {Les} or not thinking
01[10:29] {Threei}  ugh LVS
01[10:30] {Threei}  seriosuly got away
01[10:30] {Threei}  and frikin CAT rinsed second half
[10:31] {Les} short SLW .00?
[10:31] {Les} holding .10?
01[10:32] {Threei}  looks right
[10:32] {Les} full cover CAT .03 ty
01[10:33] {Threei}  if consolidates a bit here, might become another short on 85 break
[10:34] {ese} L gold .25
[10:34] {nemo} cat volume, either long here to .30 or short under the whole
[10:34] {nemo} spy iwm bounce here
01[10:35] {Threei}  yes, looks two-sided
01[10:35] {Threei} Short Setup: CAT  85 break hl
01[10:35] {Threei}  If holds  .10
[10:35] {Les} mos LOD new short?
[10:36] {nemo} y
[10:36] {nemo} watch for volume though
[10:39] {ese} urbn stopped.............FFFFFFFFFFFF!!!!!!!!!! .11 -.31
[10:39] {Will49} emotions?
[10:39] {Les} 1:1 SLW
[10:40] {ese} yaaaaaa!!!!!!!!! what of it???????ehhhhhhhh!!!!!!!!
[10:40] {Will49} LOL
[10:40] {ese} lol
[10:40] {ese} ahhhhhhemmmmmmm.......ok .....i'm jok now
[10:41] {dino} lool
[10:41] {dino} lol
[10:45] {backman} VOD was on my radar....missed it pissing at FB short....arggh
[10:45] {Les} partial MOS 1:1
[10:46] {ese} out gold .38 +.13
01[10:47] {Threei}  anyone went for CAT fade?
[10:47] {Les} nope
[10:47] {Will49} no
[10:47] {Les} already in 2 trades
[10:47] {Les} FB long here?
[10:47] {Les} wants to squeeze
01[10:48] {Threei}  ??
[10:49] {Les} 2nd half mos stopped
[10:50] {Les} forget it. .90 long was what I wanted.
01[10:50] {Threei}  yes but you ask when it's at 26.05, and no any kind of setup on sight?
[10:51] {Les} well shouldn't have asked and hit the .01 offer i was looking at
[10:51] {ese} L shpg .19986633
[10:51] {Will49} can't you be more accurate?
[10:53] {ese} i'll work harder at that......please forgive my inacuracy on the board
06[10:56] * dino slaps ese around a bit with a large trout
01[10:56] {Threei} Short Setup: SLW  .85 break
06[10:57] * nemo slaps Les around with the spines of a large angel fish
01[10:57] {Threei}  If holds  .95
[10:58] {ese} huh........haven't been nailed with the trout for a few years now........quite odiferous
[10:59] {nemo} spy feels like "BOOM!" but wouldn't be the first time I was wrong today
[10:59] {cipher} uUNH L .14
[11:00] {cipher} UNH
06[11:00] * Les threatens Nemo's bunny with a tray of baked polenta and a red Chianti...
[11:00] {nemo} channeling the good Dr. I see
[11:02] {ese} lol
[11:04] {cipher} UNH stopped .16 +.02
01[11:09] {Threei}  we need new SPY high for SLW to work
[11:10] {Will49} well...somebody do something then!
01[11:10] {Threei}  really
[11:10] {Will49} :)
[11:12] {Will49} if ese unloaded all his longs, that would push SPY up:)
[11:13] {dino} alk sm l .90
[11:14] {Les} MOS .25 short holdiung .35?
[11:14] {nemo} short it now
[11:16] {Les} how's that lieutenant?
[11:16] {Les} http://www.youtube.com/watch?v=wUZxSf_P2r0
01[11:16] {Threei}  I'd do it but keep it to hl, Les
[11:17] {Les} yeh been keeping it hl here k
[11:19] {nemo} wow Les to a "T"  http://www.youtube.com/watch?v=P2vkiLHiTcY
[11:19] {Les} sight
[11:20] {Les} sigh
[11:20] {Les} well at least I've got the common courtesy :P
[11:26] {Les} MOS 1:1 partial
01[11:28] {Threei}  ok SLW... time to die
[11:29] {dino} alk stop -.30
01[11:29] {Threei}  MOS nice breakdpwn
01[11:29] {Threei}  back to visuals I see, Les
01[11:30] {Threei}  way to correct the course on the go
[11:30] {Les} it's interesting to self observe
[11:30] {Les} and have someone observe
01[11:30] {Threei}  pervert
[11:30] {nemo} ;-)
01[11:31] {Threei}  (nemo made me do it)
[11:31] {nemo} self-inflicted pressure Vad, but I do set the bar high
[11:32] {nemo} so, this week carbon copy of last week-so far
[11:33] {nemo} FAS looks long here
[11:34] {cipher} nclh s .60
01[11:34] {Threei}  let's trail SLW to .91
01[11:34] {Threei}  things are very slow now
[11:35] {cipher} cov NCLH .51 +.09
[11:38] {cipher} NCLH L .21
[11:39] {Les} MOS 2nd half stopped .17
01[11:39] {Threei}  oh well
[11:39] {cipher} out .42
[12:02] {backman} EBAY?
01[12:02] {Threei}  flatlined... can't tell which way to break
[12:02] {nemo} lunchtime
[12:02] {backman} VOD making new lows
01[12:03] {Threei} Short Setup: UAL  .35 break
01[12:03] {Threei}  If holds  .45
[12:03] {cipher} CREE L .40
[12:03] {Les} ?
[12:03] {Les} say again... over
[12:04] {Les} Vad typo on yer short setup
01[12:04] {Threei}  ?
[12:05] {Les} VAL?
[12:05] {Les} UAL shit
01[12:05] {Threei}  U
01[12:05] {Threei}  invalidated anyway
[12:05] {jdetente} it was United Continental Les...
[12:06] {Les} yeh forgotten the ticker
01[12:07] {Threei}  wow ebay
01[12:07] {Threei}  who woke this thing up?
[12:08] {ese} L some more nat avg .95
[12:08] {nemo} gonna' test the highs
[12:08] {nemo} back in February
[12:09] {Les} slw dropped off shorts before making new lows
[12:11] {backman} APOL big rinse after failing at 18
[12:11] {cipher} out CREE .70 +.30
[12:12] {Les} got Q's and SPY holding at daily BB resistance here
[12:12] {cipher} SFLY l .68
01[12:12] {Threei}  this thing is highly irritating today
01[12:12] {Threei}  SLW I mean
[12:13] {Will49} thought you meant Les
[12:13] {Les} hehehe
[12:13] {Les} WIIIIIIIIILL.....
[12:13] {Will49} well...I don't know
[12:14] {cipher} out SFLY .80 +.12
[12:17] {backman} BBRY??
01[12:17] {Threei}  ?
01[12:17] {Threei}  what do you see there?
[12:17] {backman} tightening bands on 1 min
01[12:18] {Threei}  yeah but that's merely an element of the setup... what's the setup?
[12:18] {backman} buy break of .25
01[12:19] {Threei}  with .19 stop?
[12:19] {cipher} NCLH L .54
[12:19] {backman} Yes
01[12:19] {Threei}  that would be aggressivbe entry for .27 - .28
01[12:19] {Threei}  why not, risk is very small
[12:20] {backman} ty
[12:23] {cipher} NCLH stopped .58 +.04
[12:25] {cipher} GMCR L .12
[12:26] {cipher} stopped .18 +.06
[12:27] {nemo} ease up during lunch
[12:27] {cipher} taking too many stopes
[12:27] {cipher} you're right
[12:27] {nemo} we're basically back in the 10:00 range
01[12:27] {Threei}  SLW is one of those that thend to stuck with me... right idea, questionable execution
01[12:27] {Threei}  saw it as a short for a big move
[12:28] {nemo} was it Les' idea?
01[12:28] {Threei}  haven't found the right way to execute it
[12:28] {Les} grabbed a little at .78 for another go. got stopped out simlarly yesterday, although it didn't drop into close yesterday
[12:28] {nemo} it's trending down, gotta' short it at a moving averaged or trend line
[12:28] {Les} price obeyed 3 min MACD correctly
01[12:28] {Threei}  [09:39] {Threei} notice how close SLW is to major support at 30
01[12:28] {Threei}  [09:39] {Threei} acts like magnet, anf if broken...
[12:28] {nemo} MOS might be interesting again below 58
[12:30] {nemo} mmmmhhh....got me thinking long too
[12:31] {ese} L fslr .66
[12:39] {ese} hmmmmmm  almost got stopped out of  fslr
[12:40] {ese} vad if you've got a sec........just give me a little assessment of fslr...thought that capit bar with volume might have been enough to turn it but maybe not
01[12:41] {Threei}  it still might, as a double bottom
01[12:41] {Threei}  if it's holding .50
[12:41] {ese} good point
01[12:41] {Threei}  break of .60 and then .70 would make it work nicely,
[12:41] {cipher} SFLY s.96
01[12:42] {Threei}  but if loses .50, get out and don't look at it for the rest of the next 10 min
[12:42] {ese} lol done
01[12:42] {Threei}  (I mean, that's like eternity for day tarders, isn't it)
01[12:43] {Threei}  daily feels like it's nearing the bottom, but it's not quite there yet
[12:43] {ese} yup
[12:43] {ese} hmmmmmm another medium volume bar
[12:44] {ese} bastard out .46 -.20
[12:45] {cipher} JAZZ S .93
[12:49] {Les} GDX ain't stopping
[12:53] {cipher} JAZZ stopped -.11
[12:54] {Les} vad DE LoD where would you call trigger .15 or .10 or .12?
01[12:57] {Threei}  .10
01[12:57] {Threei}  SLW... anyone would be so merciful and shoot me NOW?
06[12:57] * Threei slants and nemo
01[12:57] {Threei}  at
[12:58] {nemo} how about the kneecaps?
01[12:58] {Threei}  no
[12:58] {nemo} feet?
01[12:58] {Threei}  no
[12:58] {nemo} hands?
[12:58] {Les} still holding 100
[12:58] {nemo} there's nothing to shoot at in your head
01[12:58] {Threei}  I didn't ask for pain, SLW fulsfills my needs in that
01[12:58] {Threei}  I asked for quick relief
[12:59] {nemo} wrong guy
01[12:59] {Threei}  sigh
[13:00] {cipher} GOLD L .26
[13:00] {Les} slw covered .47
[13:00] {backman} nicely dun
06[13:01] * Threei slaps Les around a bit with a large roll of cash
[13:01] {Les} too small for my liking but taking my cues from what I see
01[13:02] {Threei}  so, looking back at today's handling SLW:
01[13:02] {Threei}  3 shorts,
01[13:02] {Threei}  1 worked for 1:1, 1 for 1:2 and 1 got stopped
01[13:02] {Threei}  pathetic
01[13:02] {Threei}  I am ashamed
01[13:03] {Threei}  pouring ashes on my head and removing myself in monastery
[13:03] {Will49} turn in your Moscow madallion Vad
[13:03] {Will49} medalion?
[13:03] {backman} will u be able to receive texts?...and have charts on your fone?
01[13:03] {Threei}  for such a move, and for foresseeing it early, this profit is ridiculous
01[13:04] {Threei}  I don't know backman, I asked them for a wifi in my cave
01[13:04] {Threei}  but they said all-female monasteries try to keep social networks away, so...
[13:05] {backman} sounds like a drag
[13:05] {Will49} Vad would need to be in drag
01[13:06] {Threei}  ok, put those brakes on your imagination, will ya {G}
[13:07] {dino} lnn sm l .30 ave
[13:08] {nemo} think I like that one short
01[13:08] {Threei}  GDX is back to being a hedge against SPY
[13:09] {Les} IWM respecting trendline resistance for the moment
01[13:09] {Threei}  still not as weak as SLW but still
01[13:12] {Threei} Long Setup:  SLW  .50 break
01[13:13] {Threei}  hate to do it and still see SLW as a weak one, but chart calls for spome relief rally
01[13:13] {Threei}  not much, about 1:2
[13:13] {nemo} spy and iwm starting to look like rebate trading stocks
01[13:13] {Threei}  lol
[13:13] {dino} out lnn .83, +.53
01[13:14] {Threei}  it's all HFT failt nemo, I am telling you
01[13:14] {Threei}  wtg dino
[13:14] {dino} ty
[13:14] {Will49} LOL Vad
[13:14] {nemo} o.k. ZeroVad
[13:15] {ese} L nat avg .94
[13:15] {nemo} spit yer coffee on that one?
01[13:15] {Threei}  no, but started loading my gun
01[13:17] {Threei}  btw, those who read the bs all over the net about gold, silver, consipracies, this and that, and get tired of it, the blog post which is a must rfead:
01[13:17] {Threei}  http://kiddynamitesworld.com/youre-absolutely-right-announcing-a-new-blog-service/
01[13:18] {Threei}  ok SLW... some spine please?
01[13:19] {Threei}  KISS is coming to Victoria... Will, ese, are we going to crash that party?
[13:20] {Will49} hahaha
[13:20] {Will49} I'm waiting until Guy Lombardo comes to Victoria
01[13:20] {Threei}  Peter Griffin is game
[13:23] {nemo} wow Will, better wipe the drool
[13:24] {Will49} :)
[13:27] {dino} mpc sm l .95
[13:28] {nemo} dude, that one is on my algo as very red
[13:28] {Les} what's happening with QQQ
[13:29] {nemo} coming to a vwap near you
[13:29] {ese} Well...........I was a stage roady for them in 1979 i believe.....that union need extra help and a bunch of us at music school thought we'd do it...........definitely convinced us never to do that for a living
[13:29] {cipher} out GOLD .48 +.22
[13:29] {dino} mpc stop -.20
[13:29] {nemo} too many women, huh?
[13:30] {Les} daily bb's appear to be resistance, along with upper inside trendline holding QQQ's in a channel
01[13:30] {Threei}  1:1
01[13:30] {Threei}  this one just went from an "imbecile" category to a "hopeless imbecile:"
01[13:30] {Threei}  (US) Fed's Kocherlakota (dovish, FOMC alternate): Reiterates Fed policy is not accomodative enough
[13:31] {Les} YAAAAAAAAY
01[13:31] {Threei}  $85B every frikin month is not accomodative enough? what is it that you want, idiot? 100B? 200?
[13:31] {ese} nope....not for us but i do remember Gene Simmons showing up in his Limo with a playboy bunny on his arm.
01[13:31] {Threei}  when is it enough and how on earth are you going to withdraw that?
[13:31] {Les} Prepping for the next big slush fund easing
[13:32] {ese} L some more nat avg .93
01[13:32] {Threei}  {nemo} coming to a vwap near you {-- I am nominating it for the best line of the day
01[13:33] {Threei}  and yes, it pains me to admit nemo produced it
[13:33] {nemo} and to think, you wanted me to shoot you
01[13:34] {Threei}  I take that back, now I want to shoot you
01[13:34] {Threei}  you had your chance
[13:34] {nemo} wow, wasn't expecting this vwap bounce
[13:34] {nemo} oh look mommy eagle brought a dead robin back to the nest
[13:35] {nemo} see the video last week of the hawk that tried to make a meal out of an eagle's egg...that fight lasted all of a millisecond
01[13:36] {Threei}  yeah, that was cool
01[13:36] {Threei}  don't mess with eagle
[13:36] {nemo} mpc looks good long here
01[13:36] {Threei}  I don't know what that buzzard was thinking
01[13:37] {Threei}  he is not much more than a turkey to an eagle
[13:38] {nemo} yeah, he got curb stomped quick
[13:40] {dino} mpc sm l .00
[13:44] {nemo} mpc frickin' tease
[13:45] {dino} pretty much
[13:45] {dino} way below s3
[13:45] {nemo} yeah, but above breakout and 50 day
[13:46] {nemo} 84.27 for breakout and 82.16 for 50 day
[13:46] {nemo} and it ran ridiculously for a long time
[13:46] {dino} true
[13:49] {nemo} so we have an 86 seller
01[13:50] {Threei}  pssst SLW... 3 cents left to 1:2
[13:53] {ese} gotta go all but for your viewing pleasure i'm long Nat 8K .93.....we'll see how that plays out for the end of the day...take care
[13:53] {Will49} be good
[13:53] {nemo} that's a seller
[13:53] {nemo} wow
[13:53] {backman} gl
01[13:53] {Threei}  take care ese
[13:53] {ese} cya will vad nemo
[13:54] {dino} 2ndary on nat today
[13:55] {jdetente} taking .69
[13:55] {jdetente} ty Vad
01[13:55] {Threei}  yw
01[13:55] {Threei}  amazingly, SLW served us well today but I feel greatly disappointed with how I handled it, lol
[13:56] {dino} wierd day
01[13:56] {Threei}  1:2
01[13:56] {Threei}  out
[13:56] {Will49} tks Vad...took a while but :)
01[13:56] {Threei}  yeah, what's our hurry
01[13:57] {Threei}  KISS is not coming today
[13:57] {Will49} thank goodness
01[13:57] {Threei}  hehe
01[13:58] {Threei}  btw nemo, speaking of fighting birds, look at this one standing his ground: http://goo.gl/nJjHX
[13:58] {nemo} yeah, ducks can have attitudes
01[13:58] {Threei}  that's goose you goof
[14:00] {nemo} oh, sorry, was looking at the ducks behind
[14:00] {nemo} geese have attitudes too
01[14:00] {Threei}  ever since they saved Rome...
[14:00] {backman} attitudes or altitudes?
[14:00] {nemo} Oh, I exercise near this lake in town that has swans...that is a frickin' BIG bird....
[14:01] {nemo} MPC looking like it'll give up the ghost
[14:04] {jdetente} there's a reason the term "goosed" was invented...
[14:04] {jdetente} those are mean birds
01[14:04] {Threei}  yeah, quite assertive
[14:10] {dino} lnn sm ave .05
[14:10] {dino} l
[14:14] {nemo} wow, this is shaping up to be a veerrry low volume day
[14:14] {backman} APOL frozen on bid ask...long from .31
[14:28] {Les} DE coming into LoD territory
[14:32] {Les} took a real dick setup .14 short HoD stop on QQQ but held the stop.
[14:32] {Les} resistance in daily is kicking in
[14:33] {Les} took the setup at 11.50
[14:36] {Les} slw ain't rising vad
[14:36] {Les} short .70 oon the index bounce?
01[14:36] {Threei}  not sure
01[14:37] {Threei}  backman, took 1:1 partial on APOL?
[14:38] {backman} stopped out. +.07...just trading v small right now....
[14:40] {Les} DE wasn't a setup at .10 looking for 84 short now
[14:42] {Les} nope
[14:42] {Les} getting panicky
01[14:44] {Threei}  want to see total mess of policy? look:
01[14:44] {Threei}  (CY) Cyprus memorandum of understanding: Seeks primary deficit at 2.4%/GDP in 2013, 4.25%/GDP in 2014, 2.1% in 2015- Privatization program to raise �1.4B in 2013-2016 - Seeks to freeze public sector pensions and increase retirement age by 2 years - Increases duty on tobacoco, alcohol, petroleum and increase the VAT - Corporate income tax to be increase to 12.5% - Dividend and interest taxes to be raised to 30% - Public service fees to be increased 27%
[14:44] {Les} taking slw short .68 small stop .75
01[14:45] {Threei}  everything is so rosy, we can increase all taxes, duties, fees
01[14:45] {Threei}  the sheer number of idiots is nothing short of frightening
[14:46] {Les} noose is tightening
[14:46] {Les} on Europe
01[14:47] {Threei}  EU can't fall apart soon enough
01[14:47] {Threei}  if it happens this evening, it will be much later than it should have been
[14:47] {dino} by giving up their individual currencies they have doomed thenselves
01[14:47] {Threei}  totally
01[14:48] {Threei}  and just imagine a mess of returning to them
01[14:48] {Threei}  it's inevitable but it's going to be a nightmare
01[14:49] {Threei}  launvhing rebalancing of good two and half dozen of "new" currencies
01[14:49] {Threei}  launching
[14:49] {Les} will be great
[14:49] {Les} for holidays again
01[14:49] {Threei}  and all trade relationshops
[14:49] {Les} Euro is frikin expensive
01[14:50] {Threei}  every frikin shop that puts together a vacuum out of parts sourced from, say 5 vountries, imagine the nightmare of price forming
[14:50] {Les} got V for Vendetta playing behind me
[14:50] {dino} its all computerized 3i, not as big a deal as once was
[14:51] {Les} forgotten how frikin good this film is
[14:51] {Les} scary too
01[14:51] {Threei}  not what I mean dino
01[14:51] {Threei}  sure it will be norm and doable when it settles down,
01[14:52] {Threei}  but the transition form euro to twp and half dozen of currencies that are related to each other at some arbitrary ratios at first, until market sorts it out
01[14:52] {Threei}  that is going to be real fun
[14:52] {dino} agreed
[14:52] {Les} and politicians putting the walls up and deciding how it will be done
01[14:53] {Threei}  of course
[14:53] {Les} will get nasty
01[14:53] {Threei}  god forbid we let things happen on their own
[14:54] {dino} lonn stop
[14:54] {dino} lnn
01[14:55] {Threei}  CAT daily is broken badly
01[14:56] {Threei}  another one like SLW
01[14:56] {Threei}  in a sense, got it roght, didn't exploit to its full potential
[14:56] {backman} Out VOD +.12
[15:00] {Les} accidently covered qqq.05 +.09 thought I had another piece. bit of a bollocks that trade
[15:04] {Les} cover half slw 1:1
[15:04] {thomcbell} finally - thought i lost my cpu
01[15:05] {Threei}  wow
[15:05] {thomcbell} all good now
[15:06] {Les} GDX
[15:06] {Les} short 36?
01[15:08] {Threei}  yes
01[15:08] {Threei}  let's officialize it
01[15:08] {Threei} Short Setup: GDX  36 break
01[15:09] {Threei}  If holds  .10
[15:10] {nemo} thin that's a two way vad
[15:10] {Les} yeh me 2
[15:11] {nemo} nevermind
[15:11] {Les} but if panic selling kicks in
[15:12] {nemo} vxx dropping, gawd I don't know what to make of that think
01[15:20] {Threei}  I'll ignore long if it sets up
[15:20] {Les} yeh
01[15:20] {Threei}  something sbout it rubs me the wrong way
[15:20] {nemo} that's Les standing behind you
[15:20] {Les} LoL
[15:21] {Les} good one
01[15:21] {Threei}  that'd do it
01[15:21] {Threei}  and yeah, lol
01[15:21] {Threei}  nemo is in good shape today
01[15:22] {Threei}  although "coming to the vwap near you" is still a prize holder
[15:22] {nemo} daddy eagle brought dinner home
[15:25] {nemo} wow, dad taking a turn sitting on the eggs
[15:25] {nemo} we'll call him Les
[15:26] {backman} ...y not "more"?
[15:26] {nemo} liste wet behind the ears...
[15:26] {nemo} Vad...bring out the tombstone
01[15:27] {Threei}  your wish...
01[15:27] {Threei}  http://www.realitytrader.com/vad/LES.JPG
[15:27] {nemo} ty
[15:27] {nemo} oh shit
[15:28] {nemo} that slipped out
01[15:29] {Threei}  good thing I didn't hurry with yw too much
[15:33] {nemo} mmmhhh, spy iwm finnie long setups not sure I believe them though
[15:33] {Raven} that picture is copyrighted !!!
[15:33] {nemo} Let me introduce you to my buddy the eagle
[15:34] {Raven} eagle link please
[15:34] {nemo} http://www.hancockwildlife.org/index.php?topic=LaFargeEagleNest#new-camera
01[15:34] {Threei}  Raven �
[15:34] {Raven} that's better
01[15:35] {Threei}  ok GDX
01[15:35] {Threei}  let's break and die
01[15:38] {Threei}  I have to use � so rarely, I forget how to type it... that's my excuse
[15:38] {thomcbell} any vwap candidates?
[15:39] {thomcbell} i thought kors could be a possibility
[15:39] {thomcbell} 54.77 vwap
[15:40] {Raven} lol
[15:40] {nemo} think market sinking into the close, no vwap runs
[15:42] {nemo} COF might be a short
[15:44] {nemo} didn't the market do this last week too?
[15:44] {nemo} oohhh, big boy volume spy
[15:46] {Les} wooohoooo
[15:46] {Les} awesome day
01[15:46] {Threei}  1:1
[15:48] {Les} tradign what I see working okay
01[15:49] {Threei}  Letter that makes me feel all warm and fuzzy
01[15:49] {Threei}  Thank you for submitting your umages for use in the 2013 Official Victoria Vacation Guide. We used some of your images in the final design and they were instrumental in making a successful publication. Enclosed please find your payment check.
01[15:49] {Threei}  it really does Les
[15:49] {dino} pretty big drops in oils, refiners, machinery, airlines
[15:49] {Will49} wtg Vad
01[15:49] {Threei}  no drama, no big emotions
01[15:49] {Threei}  just taking money where we see it
[15:50] {nemo} the storm clouds are gathering quickly
01[15:50] {Threei}  and keeping our behind safe
[15:50] {Les} well done on yer local photo shoot
01[15:50] {Threei}  ty
01[15:50] {Threei}  payment covered the cost of my latest lens, acquired last week
[15:51] {Will49} cool
01[15:51] {Threei}  wait till you see it will
01[15:52] {Threei}  you will want to get one for yourself, especially after you notice the reaction from female passerbys
[15:52] {Will49} I'm in!
[15:52] {Les} LoL
01[15:52] {Threei}  wife said I am not going on photoshoots with thnis lens without her
[15:52] {cipher} UNXL L .39
[15:53] {jdetente} is that lens envy Vad?
[15:53] {cipher} out .62
01[15:53] {Threei}  I don't what non-photographers call it :)
01[15:53] {Threei}  don't know
[15:54] {Will49} that would be me, envying Vad's lens
[15:55] {Will49} envying what the lens does for Vad too
[15:56] {jdetente} Freud would have a field day with this. hehe
01[15:56] {Threei}  lol
01[15:56] {Threei}  I am afraid to comment :)
01[15:57] {Threei}  2 min to close GDX
[15:58] {Will49} good call Vad
01[15:58] {Threei}  ty
[15:58] {jdetente} yes ty Vad
01[15:58] {Threei}  :)
01[15:58] {Threei}  with 4 wins out of 5 on SLW, spmething on CAT etc... good day
[15:59] {Les} taken .83 ciao
01[15:59] {Threei}  I am out
[15:59] {Les} c u's tomorrow
[15:59] {jdetente} good day all
01[15:59] {Threei}  thatnk you all, have a great evening
[15:59] {Will49} Yes...very good day tks
01[15:59] {Threei}  see youi tomorrow
[15:59] {backman} gnite..thnx
[16:04] {_doublertrading} Thanks Vad, nice trades
01[16:04] {Threei}  yw

Monday, April 1, 2013

Apr 1 2013

Low volume inactive days are rarely tradeable but today was rather an exception. We figured out early what kind of day it was going to be and adjusted before it even started, finishing nicely up.

Session Time: Mon Apr 01 00:00:00 2013
[08:59] {nemo} I'm outta' rum...
[08:59] {nemo} tsla running
01[09:01] {Threei}  Yawn... morning
[09:02] {dino} gm
[09:02] {_doublertrading} Hey
01[09:02] {Threei}  dino, doubler :)
[09:03] {nemo} _doublertrading, do yourself a favor...stay away from Les
[09:04] {_doublertrading} :P
[09:04] {nemo} interesting, PMI strong, but no movement per se
[09:05] {nemo} cracks me up...Freestock charts is native to Silverlight, and therefore IE, but it has more problems with IE than anything else.
[09:06] {nemo} Makes you wonder if Microsoft is the next Dell in the making
01[09:06] {Threei}  many make this call
01[09:07] {Threei}  with so many companies and technologies chipping away from it, from all directions...
[09:07] {nemo} you see that video I sent you last night...diagnostic machinery may be on the way out
01[09:07] {Threei}  yes
[09:08] {nemo} that's alot of jobs out the window
[09:09] {nemo} Dino Cipher...TSLA has your names all over it today
[09:13] {dino} watching it
[09:14] {nemo} that 44 is basically the 23.6 extension of today's action from that 43ish level
[09:18] {Les} afternoon. doubler, do yourself a favour and stay away from me :)
06[09:18] * Les slaps Nemo with a big cement easter bunny
01[09:19] {Threei}  les :)
01[09:19] {Threei}  grand entrance, lol
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
[09:21] {Will49} it's a new dawn, a new day...a new month.....feelin'good
[09:22] {Will49} song going thru my head this morning
[09:22] {Les} the original or the techno version Will?
[09:22] {nemo} I hope it's Taps
[09:23] {Will49} probably have the lyrics wrong
[09:23] {jdetente} Gm
01[09:23] {Threei}  jd :)
[09:23] {Will49} nemo....disappointed in you
[09:24] {nemo} story of my life
[09:26] {Les} remember the film
[09:26] {Les} http://www.youtube.com/watch?v=Q5EnIKQW6KA
[09:26] {Les} and the blond in it
01[09:27] {Threei}  likely to be a low volume day
01[09:27] {Threei}  let's be picky
[09:27] {nemo} why?
01[09:27] {Threei}  easter monday
[09:28] {Les} holiday in Europe
[09:28] {nemo} oh
[09:28] {nemo} right
[09:28] {Les} 4 day weekend
[09:28] {nemo} everyday is a holiday in Europe
01[09:28] {Threei}  Canada too
[09:28] {Les} socialism good for something nemo
01[09:28] {Threei}  not for self-employed
[09:28] {nemo} on that note, it's interesting how anti-evolutionary humans are
[09:28] {cipher} gm
01[09:28] {Threei}  cipher :)
[09:29] {thomcbell} kids still off in nyc due to jewish holiday
[09:29] {_doublertrading} My first day in here, i'm on a trial!
[09:30] {Will49} welcome
[09:30] {Les} sorry doubler, mistook you for someone else ;)
[09:30] {Les} hi dude
01[09:30] {Threei}  sheesh TSLA
01[09:31] {Threei} Long Setup:  BBRY  .55 break
01[09:31] {Threei}  If holds  .50 
01[09:32] {Threei}  meh
[09:33] {dino} welcome doubler
01[09:33] {Threei} Short Setup: GDX  .70 break
01[09:35] {Threei}  stop .76
[09:35] {cipher} VIAB L .19
[09:35] {cipher} IACI L .20
01[09:35] {Threei}  half out .61
01[09:36] {Threei}  stop .71
[09:36] {cipher} out VIAB .39 +.20
01[09:39] {Threei}  1/4 more out
01[09:39] {Threei}  stop .61
[09:40] {cipher} gild l .59
[09:41] {cipher} RPRX L .73
[09:41] {_doublertrading} Thanks for the welcome, I may change to the mIRC client and then i can set alerts when trade messages are made.#
[09:41] {nemo} don't forget to block Les
[09:42] {nemo} wow finnies on the move
[09:43] {Les} trading the range on BBRY  .30 holding for now
[09:43] {dino} xi sm l .15
[09:43] {dino} txi
[09:44] {cipher} CRZO L .44
[09:44] {cipher} out GILD .71 +.12
[09:47] {thomcbell} stx could really go thru 37
[09:47] {thomcbell} no setup in our time frame right now 
01[09:50] {Threei} Long Setup:  JPM  .90 break
[09:51] {cipher} AEGR L .63
[09:54] {Les} JPM 2 way?
[09:54] {cipher} out AEGR .86 +.23
01[09:54] {Threei}  not so far
01[09:54] {Threei}  maybe if consolidates closer to .80
01[09:55] {Threei}  Invalidated  
[09:56] {thomcbell} long setup stx 37 break if holding 36.90 
[09:57] {cipher} RPRX stopped .71 -.02
[09:58] {nemo} interesting indexes coming into support just as the ISM number to come out and construction spending
[09:59] {dino} lnn sm l .30 gappy
[09:59] {Les} FB at .60 looks interesting
[09:59] {nemo} not good
[10:00] {thomcbell} invalidated stx 
01[10:00] {Threei}  *(US) MAR ISM MANUFACTURING: 51.3 V 54.0E; PRICES PAID: 54.5 V 60.0E
01[10:00] {Threei}  *(US) FEB CONSTRUCTION SPENDING M/M: 1.2% V 1.0%E
[10:02] {nemo} lottery ticket, get FAS under 164...WPP is 163.80
01[10:03] {Threei} Long Setup:  JCP  /10 break
01[10:03] {Threei}  If holds  .05 
[10:06] {nemo} gmcr looks good above .65
[10:06] {thomcbell} bbry looking like a 14.65 long break 
[10:06] {thomcbell} Vad
01[10:07] {Threei}  chart is right
[10:09] {nemo} gmcr got 1:1 now looks iffy
01[10:10] {Threei}  JCP 1:1
01[10:13] {Threei}  BBRY 1:1
[10:13] {thomcbell} bbry 1:1
[10:14] {dino} gj
01[10:16] {Threei}  1:2
01[10:16] {Threei}  nice one
[10:16] {Will49} good call tbell
[10:17] {cipher} SIAL L .10
[10:17] {dino} de sm l .25
01[10:18] {Threei}  1:3 baby
[10:20] {nemo} look for IWM in 93.55 area, indexes should move up from there
[10:23] {Les} RIG .20 short?
[10:24] {dino} cjes drop
[10:24] {Les} too late
[10:28] {dino} hes
01[10:28] {Threei}  .l cat .25 break hl
01[10:28] {Threei} Long Setup:  CAT  .25 break hl
01[10:28] {Threei}  If holds  .15 
01[10:31] {Threei}  Invalidated  
[10:36] {thomcbell} oh Vad - with your usu. bbry philosophy - wait for the sellers to committ - gives fuel to rally 
01[10:37] {Threei}  :)
01[10:37] {Threei}  remember pre-open warning of low volume?
01[10:37] {Threei}  - NYSE volume 125M shares, about 24% below its three-month average; . - NASDAQ volume 325M shares, about 21% below its three-month average
[10:38] {backman} gm, all..
01[10:38] {Threei}  backman :)
01[10:38] {Threei}  missed a few good ones
[10:39] {backman} i believe that....u were prob all over BBRY
01[10:39] {Threei}  among others
01[10:39] {Threei}  ese probably refused to wake up as a matter of principle
01[10:40] {Threei} Short Setup: CAT  86 break hl
01[10:40] {Threei}  If holds  .10 
[10:43] {Will49} misse Cat...too fast
[10:44] {Will49} missed
[10:44] {Will49} jumped off the tin roof
[10:44] {Will49} hot tin roof
01[10:44] {Threei}  lol
[10:45] {nemo} this may be the bottom spy hit WPP, finnies below Weekly pivot
01[10:45] {Threei}  1:1
[10:45] {nemo} can't believe they're not gonna' give Mutual fund inflows a good price
01[10:45] {Threei}  doesn't feel like bottom to me
[10:46] {Will49} I used to feel bottoms myself
[10:46] {dino} lol
01[10:46] {Threei}  I still do...
[10:46] {nemo} sit on your hands palms up will
01[10:46] {Threei}  but fewer and father between
[10:46] {Will49} :)
01[10:47] {Threei}  farther to
01[10:47] {Threei}  too
[10:47] {Will49} ooops Freudian slip Vad
01[10:47] {Threei}  yeah but minor one
01[10:47] {Threei}  nothing on a scale of famous kunch of two shrinks
01[10:48] {Threei}  lunch
01[10:48] {Threei}  sheesh
[10:48] {dino} de stop -.27
[10:49] {Les} dumb dick I am have to short strongest bankster JPM C just asking to be sold
[10:49] {nemo} big iwm volume
[10:49] {nemo} real big
[10:51] {cipher} CAR L .31
[10:52] {thomcbell} pretty clean opening range break down in spy with test no new lows
[10:52] {dino} lnn sm l .60
[10:53] {thomcbell} this one is truly nutty
[10:55] {Les} just realised new IE release been dicking me around not the net
[10:55] {nemo} how's your bottom feel now Vad?
[10:55] {cipher} BBBY L .96
01[10:56] {Threei}  told you Les... get the Chrome and forget that hyppo
01[10:56] {Threei}  uncertain nemo
01[10:56] {Threei}  50/50
[10:58] {dino} stop lnn .25 -.35
[10:59] {Les} interesting dollar dropping silver too. could be interested in long entry for long term on renewed testing of SLW support
[11:00] {Les} today wanna sell slw back to 30
01[11:01] {Threei}  CAT 1:2
[11:01] {Les} c short .04?
01[11:01] {Threei}  hl
01[11:01] {Threei}  (CY) Cyprus Govt official indicates no estimate can yet be provided regarding expectations of an economic contraction for 2013
01[11:01] {Threei}  really?
01[11:02] {Threei}  I can give them estimate: total destruction
[11:02] {Les} I see they wanna put rescind casino ban to stimulate economy....
01[11:02] {Threei}  I have better idea
01[11:03] {Threei}  it involves rebuilding labyrinth and resurrecting Mynotaurus
[11:03] {jdetente} sounds like Game of Thrones
[11:04] {Will49} Mynotaurus=small Ford
01[11:04] {Threei}  lol
[11:04] {nemo} wonder if we'll be doing any nuclear tests in North Korea this week?
[11:05] {Will49} we?
[11:05] {nemo} the royal "we"
[11:08] {dino} lnn sm l .19
[11:10] {Les} BBRY trying for new highs
[11:10] {Les} dunno if it will try during lunch or perhaps after
[11:12] {nemo} o.k.  well, if past is prelude, they haven't been able to push this lower....so....
[11:13] {nemo} 93.50ish and 156.30ish iwm spy respectively
[11:13] {cipher} SIRO l .00
[11:13] {nemo} for dino and cipher 164.70ish FAS
[11:14] {cipher} out BBBY .23 +.27
[11:17] {nemo} sheesh tsla
[11:17] {cipher} SIRO stopped -.12
[11:26] {Les} BBRY new highs trend line squeeze
[11:28] {Les} c stopped flat. didn't sweep my bid at 1:1 with big volume dump
01[11:28] {Threei}  yup, that same squeeze we hunted for on Friday
[11:29] {Les} long a little at .07
[11:29] {Les} making up for missing earlier setup
[11:30] {Les} out .20
[11:32] {dino} out lnn .82, +.63
[11:32] {thomcbell} molto bene dininsky
[11:33] {dino} ty, i guess
[11:33] {Les} slw short 64
[11:33] {Les} .64 stop .75
[11:46] {cipher} TNA L .90
[11:49] {cipher} out .24 +.34
[11:50] {Les} great entry missed yer call
[11:50] {cipher} ty, not so good exit
[11:52] {nemo} mmhhhh tsla short under 46?
01[11:54] {Threei}  activity is all but stopped
01[11:54] {Threei}  The first trading day of the second quarter is seeing risk off the table and volumes well below normal. Europe is closed for the Easter Monday holiday. In the US, the March ISM manufacturing report is adding more pressure to equities, after missing expectations and coming in at its lowest level since December. Note that the US data echoes the weak Chinese March manufacturing PMI data out in the Asia session. The DJIA is down 0.22%, the S&P500 is down 0.55% and the Nasdaq is down 0.77%.
[11:57] {Les} slw stopped .77
[12:03] {Les} BBRY drop to 15
[12:04] {ese} ok.......have stopped being sick enough to find out what s going on........how are ya
01[12:04] {Threei}  we re good
01[12:04] {Threei}  what happened to you?
[12:05] {ese} 2 bottle of vino coupled with some beer and (dare I say it Gin) did me in
[12:05] {nemo} lightweight
[12:05] {ese} lol
01[12:06] {Threei}  heh... not even one shot of vodka... I can see dp shrugging
[12:07] {ese} L adsk .98
[12:09] {_doublertrading} :)
[12:09] {ese} sheesh.....bought 1600 of it................. thought i was doing 800.........buggar it.......... lets go with
[12:10] {ese} know i'm tired but that was ridiculous
01[12:11] {Threei}  Raven forgot where the door is
[12:12] {dino} these low volume dats suck
[12:12] {dino} days
[12:12] {ese} what the hecks he been up too........long time no see
01[12:12] {Threei}  he was here all the time
[12:13] {dino} circling
01[12:13] {Threei}  right
[12:13] {nemo} looking for targets
[12:13] {ese} hmmmmmmmm...like i said .......i'm tired
[12:14] {dino} go back to bed ese, nothing moving now
[12:15] {_doublertrading} Flat as a pancake right now, deadzone dot com..
[12:16] {ese} ya.........adsk looks like it's mainlining at .99/,00
[12:18] {nemo} tsla coming into bounce territory
[12:19] {nemo} lotter ticket in .40-.60 area
[12:19] {nemo} o.k .40-.64 area ;-)
[12:26] {ese} L some more adsk avg still .98
[12:28] {dino} lnn sm l .90
[12:33] {Les} bbry seeking new highs
[12:33] {_doublertrading} You were right about that .40 Nemo
[12:40] {_doublertrading} Did you jump into that trade Nemo?
[12:42] {nemo} on phone...
[12:43] {dino} still phoning in your trades huh?
[12:43] {nemo} cute
01[12:43] {Threei}  rofl
[12:43] {nemo} I have such a hard time insulting Dino
[12:43] {Les} hehehe
[12:47] {nemo} this is a very interesting day
[12:50] {dino} very boring imo
[12:52] {nemo} mmmhhhh....bunny slumming upstairs with me today
[12:52] {Will49} very interesting
[12:52] {dino} cjes sm l .90
01[12:52] {Threei} Long Setup:  BBRY  .30 break
01[12:52] {Threei}  If holds  .20 
[12:55] {dino} cbpo drop
[12:55] {dino} thinny
[13:04] {Les} VAD slw break LOD?
01[13:05] {Threei}  chart wise yes, my concern though is, this type of breaks rarely works in low volume low volatility days
[13:23] {dino} unxl drop
[13:24] {dino} sm l .52
[13:24] {nemo} Oh jeez...
[13:24] {nemo} how am I going to tell bunny...
[13:24] {nemo} http://fxn.ws/ZwBSkH
[13:25] {dino} too soon, stop 
[13:25] {dino} re-load .82
[13:26] {dino} out .25
[13:26] {dino} between the 2, even
[13:27] {dino} out cjes .20, +.30
[13:28] {dino} unxl sm l .85
[13:30] {dino} stop unxl .75 -.10
[13:31] {nemo} important level for TSLA
[13:31] {dino} rinsed
[13:33] {nemo} jeez GS hugging the low
[13:35] {dino} out lnn ave .41, +.51
[13:35] {dino} unxl drop
[13:39] {dino} unxl sm l .74
[13:40] {dino} out unxl .00, +.26
[13:51] {backman} EBAY approaching whole #.. i don't have a position,, 
[14:03] {dino} remainder lnn to .86
[14:06] {dino} unxl drop
[14:07] {dino} missed it
[14:08] {dino} lnn to .90 
[14:11] {dino} unxl drop
[14:12] {dino} something wrong there
01[14:16] {Threei}  no fresh news
[14:16] {dino} out remainder lnn.891, +.981
[14:17] {nemo} iwm made it back to vwap, only finnies left to get there
[14:19] {dino} out txi .24, +.09 all dayer
01[14:19] {Threei}  BBRY is valid again
01[14:19] {Threei}  same setup
01[14:19] {Threei}  this is one of those on again off again
01[14:27] {Threei}  1:2 target at least
01[14:27] {Threei}  possibly more
[14:27] {nemo} So, I've changed the tag line on my email:  “Peace is that brief glorious moment in history when everybody stands around reloading,” — Thomas Jefferson
01[14:27] {Threei}  love it
[14:28] {nemo} my lefty professor friend was not amused...made my day
[14:36] {dino} lnn drop
[14:48] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:53] {_doublertrading} Thanks for today, catch you tomorrow all
01[14:54] {Threei}  take care doubler
[14:58] {Will49} should change BBRY symbol to BBRO
[14:58] {Will49} blow brains right out
[15:01] {nemo} stop getting my hopes up Will
[15:01] {Will49} :)
[15:17] {dino} guys, calling it a day. decent one, no point in blowing it on a thin last hour. thx
01[15:17] {Threei}  take care dino
[15:17] {Will49} be good dino
[15:17] {Les} cheers man
[15:17] {thomcbell} you know what Will - you did make me laugh right out loud
[15:17] {Will49} :)
[15:18] {dino} ;-)
[15:18] {Will49} tks tbell...thought everybody was too bummed out to laugh
[15:18] {Will49} oh oh that's an emotion
[15:19] {Will49} bummed out=when market hits Vad's bottom
[15:19] {Les} RIG .80 short following a little consolidation?
01[15:20] {Threei}  probably
01[15:20] {Threei}  what bottom? up nicely today
[15:21] {Will49} joke
[15:21] {Will49} play on the bottom from earlier on
01[15:22] {Threei}  there was earlier on today?
01[15:22] {Threei}  I fall asleep regularly so I am not sure where today starts and ends
01[15:22] {Threei}  as far as I can tell there were about 4 todays already
[15:23] {Will49} nemo said "how's your bottom feel now Vad?
01[15:23] {Threei}  nemo was here today?
01[15:23] {Threei}  I must've missed him...
01[15:23] {Threei}  with every bullet
01[15:27] {Threei}  (ES) Spain govt reportedly to lower 2013 GDP forecasts to -1.0% vs -0.5% prior
[15:44] {nemo} vwap runs
01[15:47] {Threei}  last scalp attempt, if time allows:
01[15:47] {Threei} Short Setup: FB  .40 break
[15:51] {nemo} who aet hum unh wtf....
01[15:52] {Threei}  I have hard time telling which of those is derogatory term
01[15:52] {Threei}  all of them?
[15:52] {nemo} look at the stocks
[15:52] {nemo} aet hum unh
01[15:52] {Threei}  wtf - no such symbol
[15:52] {nemo} true
01[15:52] {Threei}  Invalidated  FB 
01[15:53] {Threei}  ok guys, time run out
01[15:53] {Threei}  thank you all, have a good evening
[15:53] {backman} gnite
[15:53] {Les} cheers
[15:54] {jdetente} gn
[15:54] {Will49} peace

Saturday, March 30, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Markets Set Aside Latest Uncertainties, S&P500 Hits New Highs



- The eventful first quarter of 2013 came to a close this week, marked by key US equity indices hitting all-time highs. The rally that began in mid-November is on track, supported by investor enthusiasm for the accelerating pace of the US economic recovery and ongoing support of central bank stimulus. On Thursday (US equity trading was closed for Good Friday) the S&P500 topped its all-time closing high of 1,565 from October 2007, after rising 10% since January 2nd. The DJIA was up approximately 11.2% over the same period, while the Nasdaq was up a more modest 5.3%, weighed down by Apple's 13% decline. Economic recovery drove WTI crude prices up 5.9% in Q1 and natural gas prices rose 20%. Headlines this week were dominated by the crisis in Cyprus, where the eight-day enforced banking holiday came to an end on Thursday. Cyprus and EU officials managed to hammer out a bailout compromise and prevent run on the banks, but few expect that to be the end of the story. Italy still lacks a government after talks on forming a coalition between the right and the left failed. French and German equity markets closed out the quarter flat, while the FTSE100 gained 6%. In Asia the Nikkei was up a whopping 17% as the Japanese government continued its highly liquid campaign against deflation, while the Shanghai Composite was flat as fears about the real estate bubble cancelled out the better overall economic outlook. For the week, the DJIA rose 0.4%, the S&P 500 gained 0.8% and the Nasdaq rose 0.6%.

- Fourth quarter US GDP was revised higher in the third and final reading, to +0.4%. Note that this is the second revision higher, after an advance reading of -0.1% and a preliminary figure of +0.1%. The upward revision was primarily due to nonresidential investment, which increased 13.2% in the third estimate versus 9.7% in the second estimate. Some parts of durable goods data for February were pretty decent, including the headline +5.7% figure, which was a big improvement from January's -3.8% decline. Transportation was a big contributor, as ex-transport the Feb numbers were negative, versus a 2.9% gain in January.

- The Eurogroup and Cyprus worked out a bailout compromise last weekend. The new deal dropped bail-ins contributions from bank accounts with less than €100K and included significant banking system restructuring. Laiki Bank will be wound down, deposits of less than €100K will be protected and accounts over €100K will be frozen and taxed. It still remains how big the haircut will be, although an 80% figure was bandied about late in the week. The deal secured continued ELA funding for Cyprus banks from the ECB. Restrictive capital controls came into effect when the banks reopened on Thursday: depositors were only allowed to withdraw a maximum of €300 per day, no checks could be cashed and individuals could take no more than €3,000 out of the country. The feared bank runs did not materialize on Thursday thanks to the controls.

- The Italian political crisis deepened this week as the center-left group led by Bersani failed to form a government after negotiations with Berlusconi's rightist coalition broke down. Meanwhile, Beppe Grillo's Five Star movement promised to oppose any Bersani government, no matter what the makeup, in a confidence vote. On Thursday, President Napolitano retracted Bersani's mandate. Analysts believe some form of technocratic government will be put in place and new elections could be called as soon as June. Bond investors are starting to get nervous about the situation: the bid-to-cover in the Italian five-year auction on Wednesday was the lowest in over a decade.

- Warren Buffett swapped his financial crisis-era warrants in Goldman Sachs for stock, making Berkshire Hathaway one of Goldman's top ten holders. Instead of exercising the warrants, which would cost Berkshire money and dilute the bank, Goldman will give Berkshire shares reflecting the difference between the warrants' original exercise price of $115 and the average closing price of Goldman's stock for the 10 trading days up to October 1, or just shy of 10M common shares.

- The Dell board received two alternative acquisition proposals on Monday, following the expiration of the go-shop period for the company's going-private deal. Blackstone is offering shareholders $14.25/share in cash while Carl Icahn is offering the equivalent of $15/share in cash. The Michael Dell/Silverlake buyout was $13.65/share in cash and equity, in a total deal worth $24.4B. Michael Dell is reported to be willing to explore the possibility of working with third parties regarding alternative offers, while Icahn has said he would be open to joining forces with Blackstone.

- Blackberry (formerly Research-In-Motion) surprised investors with a solid profit in its Q4 versus expectations for yet another loss. Margins were very strong thanks to higher selling prices and cost cutting. The firm was very positive about initial results for its new Z10 handset, disclosing that one million units were shipped in the quarter, of which as much as 75% have already been sold.

- EUR/USD moved back above its 200-day moving average around 1.2870 last Friday as Cyprus and its European partners moved closer and closer to a bailout deal. The pair was firmly back above 1.3000 by Sunday evening and through early Monday morning. However, midway through the US session on Monday morning, Eurogroup Chief Dijsselbloem made a gaffe that bowled over the euro and will likely come back to haunt the eurozone at some period in the future. Dijsselbloem stated that the Cyprus bank restructuring program - including its extraordinarily controversial depositor bail-ins - could be used as a "template" for the rest of the EMU. EUR/USD gave up two big figures within a few hours, dropping right below its 200-day MA, where it remained all week. The apparent end of negotiations between the center-left and center-right groups on forming a government in Italy on Wednesday further undercut the euro, with EUR/USD making four-month lows around 1.2760.

- The trouble in Europe and risk-off trades ran counter to continuing Japanese efforts to weaken the yen. USD/JPY hit three-week lows below 93.60 on Monday. New BoJ head Kuroda took the reins last Thursday and his first BoJ policy meeting comes next week. In his initial parliamentary testimony, Kuroda reiterated that the BoJ would do whatever it takes to defeat deflation, in particular targeting longer dated JGBs to push down the yields across the curve. The new central bank governor also affirmed his commitment to reach the 2% inflation target within the 2-year time frame. USD/JPY is headed for its third consecutive week of losses as analysts concede the markets may be disappointed by anything shy of pushing forward the central bank's start of open-ended asset buying program currently not expected to start before January 2014.

- Shanghai Composite hit 3-month lows below 2,340 late in the week as the new China government has moved swiftly to reduce shawdow banking activity which, according to the S&P, reached CNY22.9T or 34% of total loans in the banking industry. China banking regulator CBRC unveiled a series of controls on the sale of wealth management products to bring about more financial transparency and also slow the growth of the overall financing flows. Fitch research estimates the wealth managment component of China's shadow banking system at a hefty CNY13T in 2012. China manufacturing PMI figures for March are set to be released on Sunday evening, as markets await confirmation that the weakness in the February data was an aberration due to the timing of the Lunar New Year.



TradeTheNews

Nemo's Findings week of APRIL FOOLS!!!! 2013

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

Am I good or what...damn, my shoulder is gonna' be as bad as Vad's from patting myself on the back so much.  Having said that, no place to go but down from here-well on the being right scale that is. Market can always go up.

Anyway, last week I said we're probably going to see new highs, and we saw historic highs in the SPX futures...the SPY went ex.div a couple of weeks ago, so add back the .70ish cents and you get about 157.55.  My reasoning was fairly simple.  This was not only the last week of the month it was the last week of the quarter.  Not only that, it was Easter/Passover week, that meant no trading Friday and relatively light volume for the week, making it really easy to move stocks around as the week progressed and the volume got lighter.  By the way, with the 401K money coming in Monday night, expect the market to gap up Monday morning...just sayin'...

Of course we had the cluster..er...ahh...celebration, yeah...that was Cypress, which gave Wall Street the perfect excuse to sell down Monday morning to the bottom of the channel created by the low of the 19th and the high of the 18th.  To the markets currently, it's just a tempest in a teapot, but it could be the canary in the coal mine for future actions that will be required to save the European system, at the expense of the slaves...ah serfs....I mean citizens...sheesh.

 Here's the week that was:


I kept one day from the previous week for comparison.  As you can see, we basically finished in the neighborhood of the Weekly R1 and Semesterly R2 on the SPY.  The finnies are still under the highs as are the IWM...but only spitting distance.  There's so much expectation that a pullback is imminent, you have to think it isn't.  Bill Cara is on record saying we're probably going ballistic

In the larger environment you have a probably more precarious than it seems banking environment in Europe and arguably recessionary economic conditions, which are contributing to a strengthening of the dollar.  Talk about a present for Bennie B.  He can print to his heart's content needing to counteract the strengthening dollar to keep the buck competitive. 

Bigger question, as I stated a few times, I think, of recent:  How does earnings and subsequent guidance play out as we roll into MayI think we all know inflation is worse than they say.  Energy costs (fuel and food) continue to rise, and it's not like people are making alot more money, although the consumer spending numbers that came in Friday say otherwise (then again, how is that distributed among the various classes), so that would leave less for discretionary spending.  Walmart's results were a shot across the bow of the consumer society.  Climb that wall of worry...


Here's the week that is:



 

No FAS this week.  They're splitting it 1:3 so the values won't be accurate.  I'll update the blog if the charts get organized on Monday. 

 

Thursday, March 28, 2013

March 28 2013

Closed the short week on profitable albeit boring day. Scalps worked, longer runs not so much. Normal for the last day before long weekend.


Session Time: Thu Mar 28 00:00:00 2013
[08:46] {ese} hmmmmmmm.......looks like I didn't close this window yesterday
01[08:51] {Threei}  that's not a punishable offense
[08:52] {ese} thank goodness........
[08:53] {ese} I owe you some money
01[08:53] {Threei}  for not closing the window?
[08:55] {ese} I show you in a couple of weeks......but were finally using one of your Butchart Gardens photos for our main page on a new Midnights website
[08:55] {ese} i'll
01[08:55] {Threei}  ah
01[08:55] {Threei}  cool
[08:55] {thomcbell} vad bbry should be wild today
[08:56] {ese} and we will have your name for credits as well
[08:56] {thomcbell} look at that pop from 14.10 back up to 14.65
01[08:57] {Threei}  in two min... impressive
[08:57] {thomcbell} rev number stunk but somehow they posted a profit
[08:58] {dino} gm
01[08:58] {Threei}  margins improved
01[08:58] {Threei}  dino :)
[08:59] {ese} BlackBerry Halted: Reports Q4 +$0.22 v -$0.28e, R$2.68B v $2.90Be- Q4 gross margins 40.1% v 33.5% y/y - Q4 shipments 6M BlackBerry devices v 6.9M q/q; 370K Playbook tablets v 255K q/q - Source TradeTheNews.com
[09:00] {ese} - Outlook: The Company will be increasing its marketing investment in the first quarter of fiscal 2014 in support of the global launch of BlackBerry 10. Including the anticipated 50% sequential increase in marketing spending, the Company believes it will approach breakeven financial results in the first quarter (vs -$0.13e) based on its lower cost base, more
01[09:00] {Threei}  nice buying pressure
[09:06] {thomcbell} shorts cant borrow - report was mixed with some glimmer of hope
[09:06] {thomcbell} not burning through cash
[09:06] {thomcbell} like jcp
[09:09] {cipher} gm
01[09:09] {Threei}  cipher :)
[09:11] {Les} afternoon all
01[09:11] {Threei}  les :)
[09:13] {Les} question for the knowledgeable
[09:13] {Les} yesterday was the last day to paint the tape for end of quarter?
[09:14] {Les} or is it today?
[09:16] {dino} today i think
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
[09:21] {dino} fha allows mortgage borrows in default to refi and extend to 40 years, no docs are required for these new mortgages
01[09:23] {Threei}  over a dollar run in BBRY in 30 min
[09:24] {thomcbell} and traded about 6mm shares in that time i believe - pretty serious
01[09:29] {Threei}  (GR) Greece Syriza Party leader Tsipras: Calls for a referendum on Cyprus bailout - ekathimerini
01[09:29] {Threei}  - The Cypriot people and the people of Europe should have the final choice in deciding their futures.
01[09:29] {Threei}  - Gov spokesperson called Tsipras irresponsible.
01[09:29] {Threei}  lol
[09:32] {Les} FB still holding 26 from yesterday
01[09:34] {Threei} Short Setup: GDX  .70 break
01[09:34] {Threei}  If holds  .80
[09:35] {cipher} MGLN L.17
[09:35] {cipher} out .26
[09:36] {cipher} BBBY L .05
[09:37] {nemo} two way now
[09:39] {cipher} out BBBY -.09
01[09:39] {Threei}  stop to .76
01[09:39] {Threei}  out
01[09:44] {Threei} Short Setup: CAT  .50 break hl
01[09:44] {Threei}  If holds  .60
01[09:45] {Threei}  *(US) MAR CHICAGO PURCHASING MANAGER: 52.4 V 56.5E
01[09:46] {Threei}  horrible report
01[09:46] {Threei}  Prices Paid: 61.0 v 61.8 prior - New Orders: 53.0 v 60.2 prior - Employment: 55.1 v 55.7 prior - Inventories: 41.0 v 50.1 prior - Supplier Deliveries: 58.0 v 50.3 prior - Production: 51.8 v 60.2 prior (lowest since Sept 2009) - Order Backlogs: 45.0 v 50.9 prior
[09:47] {nemo} above 50 is expansion...bad news has been bought...biggest pomo of the month today...BTFD!!!!
01[09:47] {Threei}  out CAT
[09:47] {jdetente} gm
01[09:48] {Threei}  jd :)
[09:49] {nemo} tna good long above .20
01[09:49] {Threei}  BBRY pulling back finally
[09:49] {Les} 88 or 89 nemo?
[09:50] {nemo} right here, but IWM not going up with spy
[09:50] {Les} ah ok
[09:51] {nemo} don't like that
[09:51] {Les} 3 mins still need some work
[09:52] {backman} BBRY bouncing off .75
01[09:53] {Threei} Long Setup:  BBRY  .85 break
01[09:53] {Threei}  If holds  .75
01[09:54] {Threei}  1:1
01[09:56] {Threei} Long Setup:  LVS  .25 break hl
[09:56] {thomcbell} kors long setup 57 break if
01[09:56] {Threei}  If holds  .15
01[09:56] {Threei}  BBRY 1:2
01[09:57] {Threei}  me aiming for 1:4
[09:57] {dino} nice one vad
01[09:57] {Threei}  me greedy
[09:57] {thomcbell} if is wide on kors
[09:57] {backman} i wish u well, master
01[09:57] {Threei}  me likey squeezes
01[09:58] {Threei}  volatility may still be too big to get that
01[09:58] {Threei}  but profit is secured
01[09:58] {Threei}  stop .93 now
01[09:58] {Threei}  ok... not this time yet
01[09:59] {Threei}  LVS, was two-sided in retrospect
[10:00] {backman} I'm thinking FB bounce around .60...just watching
[10:01] {Will49} tks Vad BBRY
01[10:02] {Threei}  yw
01[10:02] {Threei}  it's on watch all the time today
01[10:02] {Threei}  setups will come and go as it moves
01[10:02] {Threei} Long Setup:  BBRY  15 break
[10:02] {Les} yeh me 2 batman pivot .69 can't tell if seeking out new support or game is over
01[10:03] {Threei}  If holds  .90
[10:03] {thomcbell} made sale kors 57.23
[10:04] {Les} backman not batman
[10:04] {backman} les, I answer to either
[10:05] {Les} you one twisted guy BM
[10:05] {backman} :=)...u a quick study
[10:05] {Les} :P
[10:05] {Les} now FB
[10:06] {Les} successful test of support would be nice
[10:07] {thomcbell} flat kors
01[10:09] {Threei} Long Setup:  FB  .80 break
01[10:09] {Threei}  If holds  .70
[10:11] {backman} EBAY...setting up either way
01[10:11] {Threei}  no go BBRY
01[10:11] {Threei}  something isn't right with market
01[10:11] {Threei}  same feekling as couple days ago
01[10:12] {Threei}  feels like jellyfish, no drive, no determination either way
[10:12] {Les} bbry constrained by 15 min bb's and could setup bearish divergence if selling continues
01[10:13] {Threei}  FB no go
01[10:13] {Threei}  not delighted
[10:13] {nemo} Captain Morgan Private Stock
[10:15] {thomcbell} bbry could become a problem for longs now
[10:15] {nemo} esrx weak today, could short here, or wait till it get's back to .80-85 area
[10:15] {Les} all drive lost on FB following squeeze yesterday
[10:15] {Les} short .70?
[10:16] {nemo} your choice
[10:16] {nemo} choose your stop
[10:16] {nemo} size accordingly
[10:16] {Les} GS small dt here potentially
[10:17] {Les} and yet holding vwap support
[10:17] {dino} lulu sm l .00
[10:22] {dino} fb l .81
[10:22] {dino} stop .64
[10:22] {Les} ditto
[10:23] {nemo} whoa, that snail just moved out in front of the SPY
[10:25] {Les} RIG was another squeeze yesterday. broken its downtrend and  testing vwap here
01[10:25] {Threei} Short Setup: JPM  .40 break
01[10:26] {Threei}  If holds  .45
[10:29] {dino} fb to .74, stuck
01[10:34] {Threei}  half out JPM
01[10:34] {Threei}  stop to .41
[10:35] {dino} fb stop -.06
[10:40] {dino} txi drop
[10:41] {nemo} well, don't fight the Fed
[10:44] {cipher} missed txi
[10:44] {cipher} good call
[10:44] {dino} so did i, went at .00 and jumped
[10:46] {dino} unxl
01[10:46] {Threei}  BBRY new try at break
01[10:46] {Threei} Long Setup:  BBRY  15 break
01[10:47] {Threei}  If holds  .90
01[10:47] {Threei}  it should still have the surprise in it for today
[10:49] {ese} in .01
01[10:49] {Threei}  I wouldn't be surprised to see BBRY at 16 and above today
[10:49] {ese} thats my kinda setup there
[10:49] {ese} devined
01[10:49] {Threei}  getting right entry and not getting rinsed is tricky
[10:50] {ese} .01 feels good to me
01[10:50] {Threei}  volume seems to be picking up
[10:50] {ese} yup
01[10:50] {Threei}  15.50 is a biggie
01[10:50] {Threei}  once that is broken, sky is limit
[10:51] {ese} agreed
[10:55] {ese} 55 million shs of this already.......heck of a turnaround for this company
[10:56] {thomcbell} that looks like a long entry here vad
[10:56] {thomcbell} 15.07 break long
01[10:57] {Threei}  1:1
01[10:57] {Threei}  tbell... take me off ignore :)
01[10:57] {Threei}  10:46] {Alert} Threei Long Setup: BBRY 15 break
[10:57] {ese} 1/2 .13 +.12 2k to go
01[10:57] {Threei}  aiming for 1:4 again
[10:58] {ese} stop to even .02
[10:58] {thomcbell} yes - i feel we had another valid entry there
[10:58] {ese} nice call vad tks
01[10:58] {Threei}  with idea that after some consolidation around .50 we will take it long again
[10:58] {Les} just passing vwap here
01[10:58] {Threei}  yw
[10:58] {Les} rig
[10:58] {Les} 52 long?
01[10:58] {Threei}  the rest of today's plays is peanuts, this one is a potential biggie
01[10:59] {Threei}  not sure... a lot of air under RIG
01[11:00] {Threei}  let's go BBRY
01[11:00] {Threei}  fire is ready, put the witch on it
01[11:00] {Threei}  those damn shorters, how dare they
01[11:01] {Threei}  ummm... says the guy whose plays are probably 65-70% short
[11:01] {Les} well at least u ain't emotional about it
[11:01] {ese} lol
01[11:02] {Threei}  me??? emotional??!? I don't eben know what that word means!!!!
[11:02] {Les} oh really
[11:02] {Les} every time I mention bacon
[11:02] {Les} u soughta change
[11:02] {Les} flip even
01[11:02] {Threei}  well... bacon is exception
[11:02] {ese} ahhhhhhhh.....hemmmmmmmm
01[11:02] {Threei}  so is broccoli
[11:03] {ese} your blood looked to be boiling at the cyprus money thing
01[11:03] {Threei}  that's rather sarcastic "heh, here comes the communism again"
[11:04] {Les} LVS trying to take out intraday high
[11:04] {ese} lol
[11:04] {dino} cipher, you finding anything?
[11:04] {Les} nice cup, maybe handle next
01[11:04] {Threei}  I actually resigned to the fact that in this or that form, but socialism will be reborn, will evolve into its ugliest form and my last resort of immigration will be Antarctica
[11:05] {nemo} market should just drift higher into lighter volume, take longs off support
01[11:05] {Threei}  and I hate cold
[11:05] {dino} 3i, atlas shrugged
01[11:05] {Threei}  yup
[11:05] {nemo} don't scare the penguins Vad
01[11:05] {Threei}  so I will just take last stand at the door with machine gun, and go out blazing
01[11:06] {Threei}  guns blazing
[11:06] {ese} rotflol
[11:06] {nemo} you don't own any guns Vad
[11:06] {nemo} that reminds me...
[11:06] {ese} oh yes he does
[11:06] {nemo} Vodka AK
[11:06] {ese} it's filled with vodka
[11:06] {nemo} sorry
[11:06] {ese} yup
01[11:06] {Threei}  of course not... I just water my backyard with machine oil for some unknown reason
[11:07] {nemo} Vad was raised near a Ukranian nuclear plant
[11:07] {Les} lol guns blazing... don't put a light near vad as he guzzles the vodka...
01[11:07] {Threei}  which btw reminds me how my tongue gets me in troubles... a few days ago, gathering for neighbor block watch program
01[11:08] {Threei}  guy from police explains how it works,
01[11:08] {Threei}  says at some point
01[11:08] {Threei}  Your cul de sac is very secure and quiet, we had never had any alerts or calls or troubles from here
01[11:09] {Threei}  everyone nods,
01[11:09] {Threei}  but I had to open my big mouth
01[11:09] {Threei}  and say:
01[11:09] {Threei}  of course not, we are good neighbor, we help each other hide bodies
[11:09] {Les} :)
[11:09] {Les} how goes that sense of humour with canadian police?
01[11:10] {Threei}  30 min later when we move to coffee and snacks, I hear him quietly asking the host
[11:10] {nemo} oh jeez
01[11:10] {Threei}  "he is russian, judging by accent, right? no troubles with him?"
[11:11] {Les} gangster tatooed on yer forehead
01[11:11] {Threei}  well, my neighbor is a great guy, we are good friends, but his sense of humor is quite warped too
[11:11] {Les} would make a fine Australian
01[11:11] {Threei}  he says: no, what troubles, we buried all troubles in my backyard long ago and he behaved ever since
[11:12] {dino} lol
[11:12] {dino} is that an excavator i see approaching your house?
[11:12] {nemo} don
[11:13] {nemo} don't forget the lime, problem is, when the body decays, the ground sinks
[11:13] {nemo} you need to make the hole big enough to fill it with cement several inches above and around the body
[11:18] {dino} ebay sm l .69
[11:20] {backman} CAT pukage...around 87
[11:21] {cipher} EBAY S .82
[11:21] {cipher} cov .76
[11:22] {cipher} dino txi
[11:22] {cipher} are you still in?
[11:24] {dino} lulu to .34
[11:24] {dino} cipher, i missed it
[11:25] {dino} tighten lulu to .38
[11:25] {cipher} thought you got in at 00
[11:26] {dino} missed at .00, then on 2nd drop was at .85, figured re-test, no fill. idiot i am
[11:26] {cipher} same here, makes both of us :)
[11:27] {cipher} trade of day day
[11:27] {cipher} the
[11:27] {dino} unfortunately
[11:27] {dino} out lulu .42, +.42
[11:27] {cipher} wtg
[11:28] {dino} thx, past week good support lulu 61.80s
[11:29] {dino} ebay to .79
[11:29] {backman} CAT 2:1
[11:29] {dino} gj batman
[11:29] {Les} nice bman forgot about it
[11:30] {dino} damn, too tight lulu
[11:31] {dino} out ebay, +.10
[11:32] {backman} lvs
[11:32] {jdetente} lulu...too tight...hmmmm
01[11:32] {Threei}  rofl
[11:32] {dino} ;-)
[11:32] {Les} waiting closer to cup and handle setup bman lvs
[11:32] {dino} ksu spikey
[11:33] {nemo} spy looking like a pullback
[11:33] {backman} jd, i can see right through that comment
[11:34] {jdetente} I fear everyone can
[11:34] {Will49} let's have some transparency here
01[11:34] {Threei}  hiccups starting here
[11:34] {dino} downward dog
[11:34] {backman} u guys are a sheer delight
[11:34] {jdetente} dino...lol!!
[11:34] {Will49} LOL
[11:34] {nemo} even Les?
[11:35] {backman} oops, thanx for reminder :=)
[11:35] {nemo} just don't do it again
01[11:35] {Threei}  good thing I didn't have any surgery over last 10 years, stitches would surely be tearing up right now
[11:36] {nemo} downward dog, at my age I just want to sit back and see the top of their heads
01[11:36] {Threei} Short Setup: CAT  87 break
[11:36] {dino} roflol
[11:36] {nemo} with a drink in my hand
[11:36] {nemo} speaking of....
[11:37] {nemo} almost noon
01[11:37] {Threei}  I could hear that gulp
[11:37] {cipher} SBAC S.50
01[11:37] {Threei}  1:1
[11:38] {cipher} +.11 cat thx
01[11:38] {Threei}  :)
01[11:38] {Threei}  grabbing easy money while exchanging off-color jokes... life can be good
[11:39] {Les} yeh great, while I am butt of Nemo's jokes...
[11:39] {Les} :P
[11:39] {backman} is that another LULU joke, Les?
01[11:39] {Threei}  LULU is a new VVUS
[11:40] {cipher} cov SBAC .44 +.06
[11:40] {Les} see through butt yeh bman...
01[11:40] {Threei}  gosh, that one was an unexhaustible source of jokes
[11:40] {Les} recall me
[11:40] {backman} wonder if fb breaks strong above .60
[11:41] {Les} so what happened to lulu thingy?
[11:41] {Les} Taiwanese manufacturer made to specification and LULU went too risque?
[11:41] {Les} or manufacturing stuff up..?
[11:42] {dino} bend over=see thru
[11:42] {Les} i've yet to see a see through LULU butt
[11:42] {Les} In europe that's the fashion
[11:43] {nemo} wish I had gotten into yoga instead of Qi Quong
[11:44] {Les} I wish my yoga partners would spend on sexier gear
[11:44] {Les} i'd go more frequently
[11:44] {dino} ebay re-load .98, gut says thing wants up
01[11:44] {Threei}  here kitty kitty
[11:45] {nemo} been weak today and is at vwap now dino
[11:45] {dino} i see it.....gut
01[11:47] {Threei}  quite amazing... headline is so soothing: No bank run in Cyprus
01[11:47] {Threei}  text however adds:
[11:47] {jdetente} Les...the good thing about spending time in Los Angeles is the endless amount of LULU-clad women
01[11:47] {Threei}  The banks re-opened at 6 AM ET, but so far there are no signs of bank runs, most likely due to the restrictive capital controls enacted by Cyprus - depositors are only allowed to withdraw a maximum of �300 per day for the next week, in addition to a slew of other restrictions.
[11:48] {Les} and armed guards with armoured vehicles
[11:48] {dino} hard to have a run if only 300 limit
[11:48] {Les} guess why homeland bought 2000 vehicles?
01[11:48] {Threei}  I don't know why they dress up that heavily considering the climate, jd
[11:49] {cipher} re-short SBAC .50
[11:49] {jdetente} especially in the next few months Vad...hehe
01[11:49] {Threei}  yeah... bikini seems overdoing it
[11:50] {jdetente} there are certain beaches where that's optional
[11:50] {Les} :)
[11:50] {jdetente} usually populated by those who should wear parkas
01[11:50] {Threei}  that was my next question, lol
01[11:51] {Threei}  BBRY stopped on a trail
[11:51] {cipher} RYAAY L.32
01[11:52] {Threei}  problem with those beaches: I don't want to go there until they install age limit so no one above certain age can enter... but then I won't be able to enter either
[11:52] {jdetente} catch 22
01[11:52] {Threei}  yup
[11:53] {dino} ebay to b/e
[11:55] {dino} catch something
[11:56] {cipher} cov SBAC .55 -.05
[12:01] {dino} out ebay flat, vwap was much more than it could bear
[12:01] {dino} brb
[12:05] {nemo} today reminds me of Neil Young's introduction to a song off the 4-Way Street Album.  "It starts off kinda' slow, and fizzles out all together..."
[12:06] {ese} been on the phone just about all morning......I can see it ain't gonna change so we'll catch you all monday...have a great long weekend
[12:06] {backman} u 2
01[12:06] {Threei}  have a good one ese
[12:06] {Les} ciao
[12:06] {ese} tks vad cya
[12:06] {ese} les
[12:07] {jdetente} Nemo...or the song lyric... "It's better to burn out than to fade away"
[12:08] {nemo} well...that was from the 78 album, and he was implying going out with a bang
[12:08] {jdetente} hehe yeah. Big Neil Young fan personally
[12:09] {nemo} Yeah, knocked him on his ass by accident in '86
[12:09] {nemo} Don't think he's a fan of mine
[12:09] {jdetente} I would guess not.
[12:09] {jdetente} I was actually just listening to Zuma this morning
[12:10] {nemo} funny thing...did that to Jean Claude Killy too in 84
[12:10] {Les} LVS nice drop
[12:10] {nemo} APA might be worth a short here
[12:14] {nemo} wow DE
[12:18] {nemo} bounce play to vwap here perhaps
[12:18] {dino} de sm l .20
[12:19] {dino} bit soon
01[12:20] {Threei} Short Setup: CAT  .80 break
01[12:20] {Threei}  If holds  .90
[12:21] {nemo} DE almost looking better here
[12:23] {Les} l for the db in DE .02
[12:23] {nemo} be out at the lows, this could be looking to test that March 25th low
[12:24] {Les} and stopped
[12:24] {dino} lnn-sanity. drops again
[12:24] {nemo} proud of yourself, aren't you...
[12:25] {dino} a bit
[12:25] {nemo} is that a mirror or monitor in front of you?
01[12:26] {Threei}  1:1
[12:34] {dino} wgo
[12:36] {dino} sm l .78
[12:37] {Les} de nice finse
[12:38] {Les} DE rinse
[12:38] {Will49} is that the kind of French they speak in Switzerland?
[12:39] {Les} slight improvement over French Canadian
[12:39] {Les} but not by much
[12:39] {nemo} Will, you're asking a frickin' wombat poker from down under about French....sheeesh
[12:39] {Les} SLW .10 short?
[12:40] {Will49} shrug
[12:40] {Les} yeh I speak french real good.... lol
[12:40] {nemo} That actually boggles my mind that any self-respecting wombat would let him anywhere near them
[12:40] {Will49} your english isn't so hot
[12:41] {nemo} Oh Gawd I need a drink
[12:41] {Les} not needed here ain't it?
[12:41] {Les} ;)
[12:41] {nemo} APA
01[12:43] {Threei}  can't really tell SLW
01[12:43] {Threei}  no drive
01[12:43] {Threei}  jellyfish hanging from flagpole in windless calm
[12:43] {dino} pall drop
[12:43] {nemo} sheila
[12:43] {nemo} that's an image
[12:43] {Les} oh go have yer drink
[12:46] {thomcbell} kors a bit sharp adcance but looking for  a long entry
[12:46] {thomcbell} kind of a nutty trader
[12:46] {dino} every time i read kors, my mind thinks coors
01[12:46] {Threei}  and mine curse
[12:46] {thomcbell} incorrigible
[12:47] {Les} your neighbour is right vad
[12:47] {Les} a little warped
01[12:47] {Threei}  a little? thank you!
[12:47] {thomcbell} all i can think about is this guy turned into a billionaire virtually overnight
[12:48] {nemo} watch this guy hit the bag, his eyes blink when he throws punches, and he looks away from his target when he throws kicks...you've got to be kidding me:  http://bit.ly/10cRH2s
[12:48] {thomcbell} have a good weekend all - im calling it a day, week, month and quarter
[12:48] {dino} cwh sm l .50
[12:49] {Will49} take care Tbell
[12:49] {Les} cheers t
[12:49] {backman} success
01[12:49] {Threei}  have a good long weekend tbell
[12:49] {nemo} oh, not to mention he barely moves the bag...wtf
[12:50] {Les} nice one on cwh
[12:50] {nemo} DE could be long break of .20
[12:51] {nemo} see that volume spike on the doji
[12:51] {dino} cya tbel
[12:52] {nemo} nope
[12:52] {Les} looks good Nemo, sells a story
[12:52] {Les} yer shaolin fella
[12:53] {dino} out cwh .80, +.30
[12:54] {backman} nicely dun
[12:54] {dino} ty
[12:54] {dino} takeover rumor
[12:56] {nemo} yeah...he's got all the props
[12:57] {nemo} I like that nice flimsy halbard
[12:57] {nemo} pick a real one up, it's a big, thick piece of steal on a very sturdy pole
[12:57] {dino} ebay stops me flat and runs .70. must trust the gut
[12:57] {nemo} steel
[12:57] {nemo} homonyms are my waterloo
[12:58] {cipher} PALL +.50 thx dino
[12:58] {dino} nice
[12:58] {dino} wide one huh
[12:59] {cipher} doesn't get anymore pulpy than that :)
[12:59] {dino} but then again, pulp is what we like
[12:59] {cipher} some dumb ass shorter got caught on the wrong side
[13:00] {cipher} was bidding desperately all the way up
[13:00] {dino} thay are a needed factor
[13:00] {dino} lol
[13:00] {backman} APOL blasted thru 17.14 wo me:=(
[13:01] {dino} txi lod
[13:02] {cipher} out RYAAY .56 +.24
[13:02] {cipher} this one took over an hour
[13:02] {dino} in .99
[13:02] {dino} txi
[13:03] {cipher} new personal record
[13:03] {Les} DE
[13:03] {dino} de stop -.35
[13:08] {nemo} if it's gonna bounce it will be here else we test 85
[13:09] {nemo} volume coming in
[13:10] {dino} break of .50 imo
[13:10] {nemo} they're gonna push it down
[13:10] {dino} yeah, see it
[13:11] {dino} just f'ing w/it
[13:11] {nemo} low volume afternoon you can do anything
[13:13] {Les} RIG short .99 for potential triple top
[13:13] {Les} stop .06
[13:15] {nemo} wow, tna barely 2 million shares
[13:16] {nemo} SPY almost 44 mil...oy
[13:16] {dino} de sm l .53
[13:17] {Les} 1:1
[13:32] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:38] {dino} wgo stop .52, -.26
[13:42] {Les} RIG 1:2
[13:57] {dino} wgo sm l .33 stop lod
[14:15] {Les} Nemo, u alive and present?
01[14:15] {Threei}  he is presently alive {G}
[14:15] {Les} currently u mean?
[14:16] {Les} :)
[14:16] {Les} if and when u read this can u link me to Alex's Russian origin vids in youtube pls
[14:18] {Les} impossible to find Anatole's MA demo's in english
[14:18] {Les} last part RIG stopped at .86
[14:24] {nemo} He hasn't done them in English yet
[14:24] {Les} can u link me. will keep them in bookmarks this time
[14:24] {dino} wgo to .63
[14:24] {nemo} link u with what?
[14:25] {Les} those utube vids u showed me once
[14:25] {Les} all in Russian
[14:26] {nemo} whoa, he put the eye-opening ceremony up from New Years
[14:26] {nemo} http://bit.ly/Yi2dHo
[14:30] {dino} out wgo .63, +.30
[14:31] {Les} interesting opening eye ceremony burning in the bowl like in Aikido
[14:31] {Les} buddhist origins?
[14:33] {Les} ah cool he put all his vids togethor
[14:38] {dino} txi stop .67 -.32, slipped .12 on me
[14:38] {dino} hitmisshitmiss patern
[14:38] {nemo} no pre-buddhist
[14:39] {dino} out de .83, +.30
[14:39] {dino} wow txi .70 drop
[14:40] {Les} still in DE dino?
[14:41] {dino} just got out
[14:41] {nemo} Aiki stuff comes from Shinto which is an offshoot of Taoism
[14:41] {Les} k
[14:41] {nemo} through the Fox Creed
[14:45] {nemo} wow IE really messing with me today
[14:45] {Les} not this spamming spat?
[14:46] {nemo} it's having trouble running freestockcharts
[14:46] {Les} down to two screens on FSC 3 is trouble
[14:46] {Les} 2 screens 3 max 4 windows of FSC
[14:46] {dino} no trouble here
[14:47] {nemo} sometimes I have to run the FSC reset
[14:48] {dino} about every two weeks i have to re-start it a few times
[14:48] {Les} FSC reset?
[14:48] {nemo} yeah, it's a utility
[14:49] {dino} ugh ebay!
[14:50] {nemo} lookup fscreset.exe
01[14:51] {Threei}  why don't you try Chrome instead of IE
01[14:51] {Threei}  never any troubles
[14:51] {Les} chrome is terrible for FSC
01[14:51] {Threei}  huh?
[14:51] {nemo} I use both, and Chrome will crapout on me because of Silver,whatever it is
01[14:51] {Threei}  that's all I use, and it never gave me any hiccup
[14:51] {Les} silverlight
[14:51] {Les} hates chrome
01[14:51] {Threei}  not here
[14:52] {dino} chrome/silver, pretty close
01[14:52] {Threei}  lol
[14:52] {Les} would like to know the secret
01[14:52] {Threei}  no secret... I run it, it works...
01[14:52] {Threei}  Win 7 64 bit
[14:53] {dino} unxl drop
[14:53] {Les} frikin engineers. make it sound so easy
01[14:53] {Threei}  (IT) Italy's PD party leader Bersani tells Pres Napolitano that he cannot form a new government- Bersani says consultations this week with other parties on forming a govt were inconclusive, failed to get support for other parties. Other parties demanded unacceptable preconditions. - Italy President Napolitano's office indicates to assess options and make a decision on the next steps for the government. To hold consultations with the various parties on Friday, March 29th starting at 10:00GMT
01[14:55] {Threei}  BlackBerry William Blair making cautious comments, reiterates Market Perform rating- Firm notes BlackBerry reported mixed fiscal fourth-quarter operating results. Pro forma EPS of $0.22 improved by $0.44 sequentially and were $0.53 above consensus estimates. Relative to firms estimates, roughly two-thirds of the upside during the quarter was driven by gross margin, which improved 840 basis points sequentially, to 40.0%; lower taxes accounted for the other third. However, revenue of $2.68B was $145M below consensus estimates and operating expenses were also higher than expected. Smartphone shipments missed Street estimates by more than 1M units and the company lost 3M net subscribers despite selling 1M new BlackBerry 10 devices
[14:55] {Les} selling off hard
[14:55] {dino} unxl partial fill, l .00
01[14:55] {Threei}  BlackBerry CEO: Seeing a lot of interest in the BB10 platform - CNBC interview- Asked if there is any M&A interest in the company says he cannot comment on such matters. - Seeing good sell through of the new BB10 handsets.
01[14:55] {Threei}  interview didn't go very well
[14:57] {Les} sm short of DE at .09 stop vwap .20
[15:00] {nemo} So Les, TNA is gonna' be cut in half on Monday, and FAS will be about $55...NOw it's not because of a bad earnings report, so don't worry
[15:01] {Les} hope it slows down FAS a little
[15:01] {dino} txl sm l .00 break
[15:04] {dino} txi that was
[15:05] {dino} unxl to .33
[15:06] {dino} slip out .27, +.27
[15:06] {nemo} trendline support break on SPY
[15:08] {nemo} well, that didn't last long
[15:08] {Will49} good to see you back, man
[15:10] {backman} thanks....got disc ...working on getting Mirc setup on other computer
[15:10] {Will49} you'll love it
[15:11] {Les} DE stopped. why we wait for DB's
[15:20] {dino} firing up the old 286, huh bman?
[15:21] {backman} atari
01[15:21] {Threei}  commodore 64
[15:21] {dino} lol
[15:31] {dino} unxl drop
[15:31] {backman} i may be jumping in and out, trying to Mirc match....have a good weekend, all
[15:32] {Les} ciao b
[15:32] {dino} u2 bman
01[15:32] {Threei}  have a great one bman
[15:32] {Will49} peace bman
[15:34] {nemo} we should gap up on Monday, they have to give Mutual funds high prints
[15:34] {dino} out txi .13, +.14
[15:36] {nemo} big POMO on Monday and Wednesday
[15:36] {nemo} then on the 16th
01[15:43] {Threei}  BBRY unable to even close in green?
01[15:44] {Threei}  not good
01[15:44] {Threei}  expected much more of it
01[15:50] {Threei}  closing at new highs... sheesh
01[15:50] {Threei}  can you imagine how badly this is going to end? :)
01[15:50] {Threei}  we are not there yet of course... but I am already salivating
[15:51] {dino} wtf txi!
[15:51] {dino} stops me and runs .70
01[15:55] {Threei}  don;t you hate when they do that
01[15:55] {Threei}  and for jd and will information, hate is not an emotion {GGG}
[15:55] {dino} YES
[15:55] {Les} GS telling us something different than new highs?
[15:56] {dino} anyway, calling it a week, thx all, decent one
[15:56] {Will49} enjoy the long weekend everybody :)
[15:56] {Les} ciao
01[15:56] {Threei}  just that finnies are weak
[15:56] {jdetente} it's a thin line between love and hate Vad
[15:56] {jdetente} :)
01[15:56] {Threei}  however important this sewctor is, I still don't buy the idea that it's a total bellweather
01[15:57] {Threei}  it sure is - just one winning entry eparates them :)
01[15:57] {Threei}  okay guys, thank you all
[15:57] {Les} cheers
01[15:57] {Threei}  short week, not too exiting
01[15:58] {Threei}  but we made the best of it, what with all the new grounds in jokes department
[15:58] {jdetente} have a good long weekend everyone
01[15:58] {Threei}  see you monday
[16:00] {nemo} wow talk about pulling bids
[16:01] {nemo} look at this shit