May 10 2013

Catch of the Day finalizing great profitable day, with one trade working after another. JBE setup on GLD, textbook.

Very nice end to the week. To end it, if you haven't checked out new resource for swing traders, use this weekend to do so: http://www.realitytrader.com/swingtrader.html 

Session Time: Fri May 10 00:00:00 2013

[08:38] {KSystems} morning

01[08:39] {Threei}  hey KS

[08:57] {dino} gm

01[08:57] {Threei}  dino :)

[09:03] {stevw} g'mornin

01[09:03] {Threei}  stev :)

[09:04] {stevw} after yesterday's chatter, guess what i saw driving down the street ... a Tesla

[09:04] {stevw} didn't really expect to see one outside of California

01[09:05] {Threei}  well... there are people with too much money everywhere :)

[09:05] {stevw} indeed

[09:06] {stevw} but, i like it that they spend their too much money on things that push the envelope

01[09:06] {Threei}  as long as taxpayer money is not involved in developing those things, it's great... but it's not the case

[09:07] {jdetente} gm

[09:07] {Les} gm

[09:07] {stevw} taxpayer money is involved in everything else automotive, so why not electric cars and the like

01[09:08] {Threei}  jd, les :)

01[09:08] {Threei}  well, it shouldn't be...

01[09:08] {Threei}  but in case of electric car it's twice as outrageous

01[09:08] {Threei}  since the final product addreesses rich segment of population

[09:10] {stevw} i like to be optimistic that the ultimate result will be an affordable alternative, just like the first cars originally were

[09:11] {stevw} i'm not saying i think an all-electric car is the future ... just that the future will be discovered by exploring the possibilities

01[09:12] {Threei}  I don't think original cars were subsidized by taxpayer :)

01[09:12] {Threei}  let the busdoness do what business does

[09:12] {stevw} no, but they were playthings of the rich

01[09:12] {Threei}  create product and compete

01[09:12] {Threei}  when goverment starts throwing money at things, it distorts the market

01[09:13] {Threei}  and winner product is not necessary what market wants

01[09:13] {Threei}  but what ideology of the day dictates

01[09:13] {Threei}  then we have chevy volt

01[09:14] {Threei}  car moved from being toy for the rich to manistream product exactly because business and market worked as they should

[09:14] {stevw} i share your concerns about government distortion of proper market, but i do believe there are certain important step-changes that will only occur with early support

[09:15] {stevw} don't forget that governments built the roads for those cars to drive on and allowed the oil industry to pillage the ground to fuel them

01[09:16] {Threei}  could be, and in good times I would be less inclined to rant against it... but when we have what we have now?

[09:16] {stevw} just sharing some thoughts/arguments - i don't have the magic answer

[09:17] {dino} "pillage the ground", you a greenie stevw?

[09:17] {stevw} yup

[09:17] {dino} impression i got.

[09:18] {stevw} i don't walk around naked, living in a hole in the ground eating leaves; but i do try to think sustainably

[09:19] {nemo} pheeewwwwww...I missed it....

01[09:20] {Threei}  no worry nemo, I will copy it all and send to you

01[09:20] {Threei}  dcc to you

[09:20] {stevw} indeed ... time to move on

01[09:20] {Threei}  skype to you

01[09:20] {Threei}  generally make sure you have every word

[09:20] {RonS} Krugman: Stop Hating on the Bearded Clam...solution...hate two bearded clams...gm

01[09:20] {Threei}  lol

01[09:20] {Threei}  morning ron

[09:21] {stevw} should see some action in GDX this morning

[09:21] {cipher} gm

01[09:21] {Threei}  that's my first magnet

01[09:21] {Threei}  cipher :)

[09:21] {stevw} and SLW reports today

01[09:21] {Threei}  why is SPY still green I wonder

01[09:22] {Threei}  most everything is red

[09:22] {ese} morning............

[09:23] {dino} dia qqq green

01[09:23] {Threei}  ese :)

[09:24] {dptl} gm

[09:24] {ese} green again...........gonna be a pullback one of these days

[09:25] {ese} dddddddddddddpppppppppppppppp

01[09:25] {Threei}  dp :)

01[09:25] {Threei}  http://www.pritchettcartoons.com/bear_c.htm

[09:25] {ese} imagine shiskabob dp........

[09:26] {ese} thats a good one vad

01[09:26] {Threei}  ese, look dcc pls

[09:28] {dptl} ese :)

01[09:32] {Threei} Long Setup:  C  .65 break

01[09:32] {Threei}  If holds  .55 

[09:32] {ese} L snts .24

[09:34] {ese} out snts .44 +.20

01[09:35] {Threei}  1:1

01[09:35] {Threei}  please don't be a scalp

01[09:36] {Threei}  sigh

01[09:40] {Threei} Short Setup: GDX  .95 break

01[09:40] {Threei}  If holds  .05 

[09:41] {dino} z sm l .38 ave

01[09:45] {Threei} Long Setup:  CAT  .10 break hl

01[09:45] {Threei}  If holds  89 

[09:46] {thomcbell} ddd looks like a long break 41.50 but it would have to be small shares because of size of the pattern

01[09:46] {Threei}  1:1

01[09:46] {Threei}  1:2

[09:46] {ese} L apo

[09:47] {dino} ntwk sm l .68

01[09:47] {Threei}  no go GDX

01[09:50] {Threei}  CAT, same setup again

01[09:50] {Threei}  take 2

[09:51] {ese} L apo some more avg .78

[09:51] {dino} watching ddd tbell, was looking for re-test lod

[09:51] {nemo} frickin' tsla

01[09:51] {Threei}  1:1 again

01[09:52] {Threei}  1:2 again

01[09:53] {Threei}  deja vu

[09:53] {Les} that's french ain't it

[09:54] {ese} have a look at apo dino

[09:54] {dino} up imo

[09:55] {thomcbell} ddd made a sale 41.75

[09:55] {ese} ya i'm thinkin

[09:55] {dino} gj

[09:55] {ese} news looks good too

[09:55] {nemo} spy pivot same today as yesterday

[09:55] {ese} good Q may 6 also

[09:56] {ese} we'll see

[09:56] {cipher} exxi l.24

[09:57] {thomcbell} made another sale DDD - 41.85 

[09:57] {thomcbell} stop to 41.60

[09:57] {stevw} out CAT at .48, thanks vad

01[09:58] {Threei}  :)

[09:59] {thomcbell} out ddd 42

[10:00] {ese} snts....bastard...look at it go

[10:00] {dino} gj tbell

[10:00] {thomcbell} tu

[10:01] {ese} nice one T

[10:01] {cipher} cg l.08

[10:01] {Les} GLD dropping GDX holding 

01[10:01] {Threei}  (US) Fed's Bernanke: Fed has an extensive program to identify whether asset classes remain within regular ranges or not, spreads are appropriate or not - Q&A

01[10:01] {Threei}  - Fed is more and more than ever working to identify whether major asset classes are deviating from historical norms or not

[10:01] {nemo} algo has nothing on the short side

[10:02] {Les} GDX should follow GLD

[10:02] {Les} or GLD is rinsing

[10:03] {backman} I forget particulars, but GDX and GLD are different....i thought 1 was cheaper vs of the other

01[10:03] {Threei} Short Setup: SLW  .80 break

01[10:03] {Threei}  GLD is gold, GDX is gold miners

[10:03] {cipher} ddd s .02

[10:04] {cipher} cov .80

01[10:04] {Threei}  - It can be very difficult to determine whether deviations in asset class prices from historical norms are healthy or not healthy, not a simple process at all.

01[10:04] {Threei}  - Fed focuses its analysis of these trends on threats to financial stability. The focus is on making sure the overall system is sufficiently robust.

01[10:05] {Threei}  good job Ben

01[10:05] {Threei}  I mean whining about how difficult your actual job is

[10:06] {ese} out apo .88 +.10

[10:06] {cipher} panl l.13

[10:06] {thomcbell} wac long setup 38.84 break if holding 38.75

[10:06] {ese} with 2500 shs........ummmmmmdis is ok

[10:07] {Les} makes for a nice breakfast ese

[10:07] {ese} yup.......think Danishes

[10:07] {Les} guessing beers are on you tonight :)

01[10:07] {Threei}  half out SLW

01[10:08] {Threei}  Don't. Be. A. Scalp

[10:08] {ese} snts.........bastard

[10:14] {RonS} .

[10:15] {ese} ne ne yip yip yahoo.......the knights of ne call from monty python

01[10:15] {Threei}  oh come on... scalp again

[10:15] {ese} L ne .10

[10:15] {ese} 1/2

[10:15] {cipher} ctsh l.07

[10:16] {ese} sheesh......snts past 20

[10:16] {ese} bastard

[10:17] {Les} h&s GLD

[10:17] {cipher} out ctsh .99 -.06

01[10:17] {Threei} Short Setup: GDX  .20 break

[10:18] {ese} ne ne yip yip yahoo!!!!!!!!!!!!!!!!!!

[10:18] {thomcbell} didnt get much wac but a bit over 1:1 here

[10:19] {ese} out ne .28 +.18

[10:19] {jdetente} NE, thanks Ese. out .30

[10:19] {cipher} ibm l.35

[10:19] {ese} awesome jd

[10:19] {nemo} bhi short looks good

[10:20] {ese} you and me buddy.......knights of ne call.......lets hear it now......"NE NE YIP YIP YAHOOOOOOO!!!!!!!!!!"

[10:20] {nemo} needs to stay under .55

[10:20] {thomcbell} 1:3 WAC

01[10:20] {Threei}  gold drops like a dress on a prom night

[10:20] {dino} lol ese

01[10:21] {Threei}  1:1

[10:21] {Les} ah the  ease of youth...

[10:21] {nemo} give it the knee pads

[10:21] {ese} lol

01[10:21] {Threei}  if this one turns to be a scalp, I'll start swearing like a sailor

[10:21] {Les} bidding .02

[10:22] {Les} cool

[10:22] {nemo} rig looks good if it drops .70 staying below .80

01[10:22] {Threei}  1:2

01[10:23] {Threei}  no swearing

[10:23] {cipher} +.18 gld thx

01[10:23] {Threei}  :)

01[10:23] {Threei}  wow

[10:23] {ese} snts......bout time you had a pull back.....................bastard

[10:23] {Les} nice game ci

01[10:23] {Threei}  frikin SLW rinsed second half

01[10:24] {Threei}  dirty rotten scoundrel

[10:24] {cipher} out panl .47 +.35

[10:26] {nemo} mos, below .20 if under .30

[10:26] {backman} man FB just has no love

01[10:26] {Threei}  gosh... I am using it and I hate it

[10:26] {backman} i know, but u post such pretty pictures

01[10:27] {Threei}  thank you

01[10:27] {Threei}  ok GDX

01[10:27] {Threei}  we want 1:3

[10:28] {cipher} gld l.53

[10:30] {cipher} panl l.80

[10:30] {ese} spyders droping like a stone.......whats up there

[10:31] {cipher} out panl .97

[10:31] {Les} http://tinyurl.com/cfcoobt

[10:32] {nemo} lyb short below .95 stop above .05, but could go to .15 too

[10:32] {Les} lot a significant breakouts/downs charted here

[10:32] {jdetente} come on GDX take your last breath

01[10:32] {Threei}  1:3 baby

[10:33] {Les} .91 out ty sir

01[10:33] {Threei}  yw

[10:33] {backman} CAt flirting with new low

[10:33] {backman} nvm

[10:33] {nemo} fdx oops toolate

01[10:33] {Threei}  (US) PIMCO's Gross: 30 year bull market in bonds likely ended at the end of April - tweet

[10:33] {stevw} ooo, just tuned in to CAT

[10:34] {stevw} not chasing though

[10:35] {Les} aussie $ cutting through 1.00 like butter

[10:36] {nemo} akam looks good to .40ish

[10:36] {nemo} south

[10:38] {thomcbell} cleaning up rest of wac here around 39

[10:38] {cipher} TNA L .50

[10:38] {ese} L apo .90

[10:41] {thomcbell} ddd oof 

[10:41] {thomcbell} crazy drop 

[10:42] {cipher} DDD L.72

[10:42] {cipher} IBM L.36

[10:45] {cipher} out TNA .69

[10:45] {cipher} out IBM .50

01[10:46] {Threei}  ese, dcc again pls

[10:47] {Les} http://armstrongeconomics.com/2013/05/06/beware-the-crazy-weather/

[10:47] {Les} FYI in hurricane territory

[10:47] {cipher} ctsh l.62

[10:48] {cipher} ntwk l.20

[10:50] {cipher} out ddd .90 +.18

01[10:50] {Threei} Short Setup: CAT  .90 break hl

01[10:50] {Threei}  If holds  89 

[10:52] {nemo} fas short here stop above .80

01[10:53] {Threei}  1:1

[10:53] {patel} good Morning

[10:53] {nemo} kneecap

01[10:53] {Threei}  patel :)

[10:53] {cipher} CTSH L .48

01[10:53] {Threei}  missing a good one

[10:53] {patel} Go ahead let me hear it. How many 1:3 and 1:4 did I miss?

01[10:54] {Threei}  well, the only consolation is, no 1:4th :)

01[10:55] {Threei}  alex and will are missing good morning too, so you are not alone

01[10:55] {Threei}  and I am not even talking about that slacker, cc_8

[10:56] {Les} slw vad

[10:56] {cipher} out rost .59 +.11

[10:56] {Les} short .50?

[10:57] {Les} some consolidation first

01[10:57] {Threei}  something to keep on a backburner for now

01[10:58] {Threei}  compare GDX and SLW charts

[10:58] {Les} and gld

[10:59] {Les} gdx not quite ready, neither gold.

01[10:59] {Threei}  there you go

[11:00] {Les} back to reading livermore

[11:01] {_fish_49} that was a good read

01[11:01] {Threei}  always is

01[11:01] {Threei}  read it again in a year or two, you'll see a lot of things you haven't seen first time around

[11:02] {Les} CAT gunning for 89

[11:02] {ese} my rhythm and blues band the Midnights have a new website.......vad took the picture for the front page......have a boo  www.themidnights.com

01[11:03] {Threei}  dp, don't look

[11:03] {dptl} nooooooo :)

[11:03] {nemo} oh...another commie pinko website

01[11:04] {Threei}  the rest of ya, can also see a few nice shots at http://www.themidnights.com/the-midnights-gallery.html

01[11:04] {Threei}  ese, dcc

[11:04] {Les} you on drums if I remember ese, n'est pas?

[11:04] {Les} FDX wanna run here?

[11:04] {Les} I like the setup

[11:05] {nemo} run where Les?

[11:05] {Les} yeh overhead is close

[11:05] {Les} I like the chart

[11:05] {nemo} what's your target?

[11:05] {Les} not the conditions for it

[11:06] {Les} here's resistance and a scalp

[11:06] {Les} good for more?

[11:06] {nemo} possible

[11:06] {ese} yup thats me Les on drums

[11:08] {Les} couple of oldies including yourself, teachers?

[11:08] {Les} the rest high school kids?

01[11:08] {Threei} Short Setup: BBBY  .10 hl

[11:10] {cipher} CALL L.78

[11:11] {dino} call drop

[11:11] {cipher} alrady in :)

[11:11] {dino} sm l .02

[11:12] {dino} thrx spike

[11:13] {dino} nice entry cipher

[11:14] {cipher} panl drop

[11:14] {cipher} PANL L .68

[11:14] {RonS} $THRX FDA approves Breo Ellipta to treat chronic obstructive pulmonary disease

01[11:17] {Threei}  1:1

[11:20] {ese} snts........bastard.......it's up again

[11:20] {jdetente} out .91 thanks Vad

01[11:21] {Threei}  :)

[11:21] {Buster} Awesome day, thanks V

01[11:21] {Threei}  yw sir

[11:22] {Les} V... I like that

[11:22] {Les} http://www.youtube.com/watch?v=vPlT2uKruwM

[11:22] {cipher} panl stopped .60 -.08

[11:22] {Les} almost a superhero :)

[11:23] {RonS} bbby .09 to .88 +.21 thanks 3i

01[11:23] {Threei}  1:2

01[11:23] {Threei}  yw

01[11:23] {Threei}  that was for patel

01[11:23] {Threei}  consolation trade

[11:26] {cipher} PANL L.61

[11:28] {Les} cover .96 ty. skipped 1:2 for a go at 1:3 but not gonna happen

01[11:29] {Threei}  damn... Pullitzer prize winner loved my photo

01[11:29] {Threei}  http://goo.gl/M12xO

[11:29] {Les} another low here in SLW/GDX. still needs more work

[11:30] {jdetente} that is a great photo Vad

01[11:30] {Threei}  ty

[11:31] {jdetente} where's that at

[11:31] {jdetente} ?

01[11:31] {Threei}  my favorite 10 km walk,

01[11:31] {Threei}  around large lake

01[11:31] {Threei}  7 min drive from my house

[11:31] {Les} whose the pullitzer winner?

01[11:31] {Threei}  Jay Dickman

[11:31] {RonS} if was that guy would change name to Big...

[11:32] {jdetente} best not disclose name of lake...nemo might setup sniper blind

[11:32] {RonS} lol

[11:33] {Les} not first time seen him complement your work

[11:33] {stevw} dickman won a pullitzer is a joke i'm not going anywhere near

01[11:33] {Threei}  there are beavers and deer all around..

01[11:33] {Threei}  and Olympic rowing team of Canada practices theree

[11:33] {Les} beavers and dickman... sure there's a joke there somewhere

01[11:33] {Threei}  so nemo would find abundance of targets

[11:33] {stevw} elk lake if i recall

[11:33] {nemo} I'll use vld nyclads, leaves no ballistic markings

01[11:34] {Threei}  yup

01[11:34] {Threei}  the difference is, Les

[11:34] {stevw} used to go running around it while wasting time before the ferry or my flight

01[11:34] {Threei}  what you saw before were photos posted for critique

[11:34] {Les} aaah he got u on hismap now hey?

01[11:35] {Threei}  so he was kind of under obligation to comment

[11:35] {thomcbell} dont like time of day but kors looks like a 60 break if hlding 59.90 

01[11:35] {Threei}  this one I posted just because, and he saw it among zillion others and found it necessary to comment

01[11:37] {Threei}  wow

01[11:37] {Threei}  A 57-year-old Victoria man collapsed and died Tuesday afternoon after hiking on a Hawaiian lava field

[11:37] {cipher} z s .78

01[11:37] {Threei}  I knew it was dangerous place

01[11:37] {Threei}  but still

[11:38] {Les} GDX short 29?

01[11:38] {Threei}  no

01[11:38] {Threei}  sharp drop

[11:38] {Les} yeh

[11:38] {Les} slw gld almost ready

01[11:38] {Threei}  hiking among lava trees I did get this feeling that if I strain my ankle there, they'll find my skeleton in a week or so

[11:39] {nemo} he died happy

[11:39] {Les} but we talking about cold lava I assume?

[11:39] {Les} not venturing for a pic of the real thing

01[11:39] {Threei}  yes

01[11:39] {Threei}  read the details: http://www.timescolonist.com/victoria-hiker-dies-on-hawaiian-lava-field-1.175055

[11:40] {cipher} cov Z .42 +.36

[11:41] {cipher} z l.44

[11:41] {Les} checked hawaii weather 26 degree C if only here in switzerland...

[11:42] {RonS} not on the volcanoe...

[11:42] {ese} lol

[11:42] {RonS} at altitude there...

[11:43] {Les} basalt heat, ah ok

[11:44] {Les} dangerous tourist trap...

01[11:44] {Threei}  it's an amazing place but you have to be very careful there

[11:45] {stevw} there ya' go CAT, take that crap

[11:45] {cipher} PANL drop

01[11:46] {Threei}  here, among lava trees you can see the surface you walk on:

01[11:46] {Threei}  http://photography.realitytrader.com/2013/01/hawaii-active-volcano.html

[11:47] {cipher} PANL L.73

[11:47] {Les} I remember hot sidewalks and roads in the North of Australia. Similar with this sand and ash stuff is it?

01[11:47] {Threei}  for the full collection,

01[11:47] {Threei}  http://photography.realitytrader.com/2013/01/hawaii-active-volcano-2.html and http://photography.realitytrader.com/2013/01/hawaii-active-volcano-3.html

[11:48] {ese} L spwr .49

[11:49] {cipher} call bid

[11:50] {Les} GLD ready to let go

[11:50] {nemo} cleanup in panl

[11:51] {cipher} out pANL .19 +.46

[11:51] {ese} hmmmmmm maybe not....thought i was going to get a quick bump up

01[11:53] {Threei} Short Setup: SLW  .60 break

[11:53] {nemo} lyb just gave another short setup at .50 sorry forgot about it

01[11:53] {Threei}  If holds  .65 

01[11:54] {Threei}  lol

01[11:54] {Threei}  CY) Cyprus Finance ministry issues decree to extend capital controls for 7 more days

[11:55] {cipher} panl reload .17

01[11:56] {Threei}  nope

[11:56] {Les} bah humbug

[11:56] {thomcbell} z 

[11:56] {thomcbell} may buy under 54 here 

[11:57] {thomcbell} back under and then trigger becomes 54 rather

[11:57] {Les} lvs .50' break?

[11:58] {Les} crap it's almost lunch

[11:58] {Les} and thres not setup I'll shut up

01[11:58] {Threei}  ty

[11:59] {stevw} FB looking shortable

[11:59] {thomcbell} Z 54 long break if holding lod

[12:00] {backman} small short C .54   tight stop

[12:01] {cipher} out call .55 +.77

[12:01] {backman} out

[12:02] {thomcbell} z invalid 

[12:02] {thomcbell} still watching

[12:02] {cipher} out PANL .37 +.20

[12:02] {thomcbell} or 53.95 aggressive entry 

[12:03] {thomcbell} nah lets leave it alone

[12:04] {backman} so much for tight stops

[12:04] {ese} out spwr .62 +.13

01[12:07] {Threei}  looks good to me bman, what's wrong?

[12:08] {backman} C approaching dl.....i set my first stop too tight....reentered just now...looking at .43 for possible add

01[12:08] {Threei}  stop would be above .60, no?

[12:09] {backman} i was too tight first time....using .10 from entry of .49 now

[12:10] {cipher} ibm l .41

01[12:10] {Threei}  well, you didn't stop at .56 frpm .54 entry, did you?? :)

[12:11] {backman} no....stopped at .60

01[12:13] {Threei}  don't set the stop at the resistance or whole number, move it 1 cent beyond

[12:13] {cipher} out IBM .58 +.17

[12:13] {dino} act spike

[12:14] {cipher} CG L.01

[12:16] {backman} kk

[12:18] {nemo} hlf short setup here if it drops .70

[12:25] {Les} GLD flying but SlW ain't moving a muscle

[12:25] {nemo} they're trying to put a bottom at .70 on hlf

[12:25] {nemo} FADF buyer at .69 and .70

[12:28] {nemo} lyb again, probably good below .60 if it holds .75

[12:30] {dino} act crazy

[12:30] {dino} sm s .95

01[12:31] {Threei}  be back in 20

[12:32] {dino} cov act .65, +1.30

[12:32] {jdetente} broke .70 on HLF

[12:35] {dino} act sm s .50

[12:36] {Les} GLD short potential here

[12:36] {dino} cov .17, +.33

[12:37] {nemo} next short area for lyb is .90ish

[12:39] {cipher} logm l.90

[12:40] {cipher} out Z .35 +.52

[12:41] {dino} act sm s .65

[12:42] {dino} cov act .59, +1.16

[12:42] {dino} 1.06

[12:42] {cipher} wtg

[12:42] {dino} pulp

[12:42] {cipher} out CG .20 +.19

[12:42] {jdetente} +.20 HLF 

[12:43] {jdetente} thanks Nemo

[12:44] {cipher} CG S .23

01[12:44] {Threei}  (ES) Daily Telegraph blog comments that IMF data indicate that "Spain is officially insolvent" advises investors to get money out of Spain- Daily Telegraph editor says that a "big Spanish debt restructuring is inevitable" as no amount of ECB money printing can paper over Spain's problems, and the Cyprus model shows that a heavy price will be demanded if banks need additional recapitalizations. "I don't advice getting your money out lightly. Indeed, such advice is generally thought grossly irresponsible, for it risks inducing a self reinforcing panic. Yet looking at the IMF projections, it's the only rational thing to do."

[12:46] {cipher} cov CG .19 +.04

[12:47] {backman} will be interesting to see if GDX breaks out this afternoon

[12:49] {nemo} bhi looks good short here

[12:49] {Les} looks like LVS might have exhausted itself here. potential DB coming

[12:49] {RonS} thom thanks...Z 53.96 to 4.52  +.56

[12:50] {Les} DT sorry

[12:50] {backman} nemo, u looking at break of .38?

[12:50] {nemo} actually, you might want to try and get it closer to .48

[12:51] {nemo} it's got an nice roof over head

[12:52] {thomcbell} kors got 1:2

[12:52] {RonS} sm L ctsh .90

[12:52] {thomcbell} for a second

[12:53] {thomcbell} Z - darn 

[12:53] {Les} vad lvs .80 short holding?

[12:54] {Les} .85?

[12:54] {stevw} was just going to ask same

01[12:54] {Threei}  I like

[12:55] {nemo} nke ccould be a shorrt here too

01[12:55] {Threei}  either breaks or fades

[12:55] {nemo} stop above .70

01[12:55] {Threei}  breakout I'd ignore

01[12:55] {Threei}  fade I'd take

[12:55] {RonS} out ctsh -.10

[12:56] {Les} GLD topping action at .80 here

[12:57] {Les} big cup and handle that may break or fade

[12:58] {nemo} loss of .79 nke looks good stop above .75

[12:58] {nemo} loss of .70

[12:58] {Les} woohoo

[13:05] {dino} act sm s .80 stop .01

[13:05] {dino} stop

[13:05] {nemo} iwm looks like it wants to make new highs again

[13:10] {dino} act sm s .06

[13:14] {dino} cov .76, +.30

[13:15] {Les} energy lags xle rig apo

[13:18] {dino} agnc drop

[13:19] {stevw} well  LVS, you going to breakdown or breakout?

[13:20] {Les} bb's tigthen on iwm. new move coming

01[13:21] {Threei}  SPY encourages it up

[13:23] {dino} act sm s .51

[13:24] {backman} GDX made it's new highs....let's  see what's next

[13:24] {Les} SLW spike to 24

[13:26] {dino} cov act .21, +1.30

01[13:27] {Threei}  this must be the best e-mail I've got in a good while:

01[13:27] {Threei}  I hate it when people pour my cereal. They don�t know how much I want. They don�t know my life. They don�t know what I've been through.

01[13:28] {Threei}  wtg dino

[13:28] {dino} ty

[13:28] {dino} gut says to vwap, but wicked spikes

01[13:28] {Threei}  come on, am I the only one who finds it funny?

01[13:29] {Threei}  I miss will...

01[13:29] {Threei}  he would type "ha. ha. ha."

01[13:29] {Threei}  and I would feel better

[13:29] {dino} ha.ha.ha.

[13:29] {Les} gld short .99?

01[13:29] {Threei}  ty

01[13:30] {Threei}  GLD yes

01[13:30] {Threei}  double-topping

[13:31] {Les} looks like IWM might drop here

[13:31] {cipher} ACT L.64

[13:31] {cipher} out .94 +.30

01[13:31] {Threei}  Montreal mobster found shot dead in Sicily

01[13:31] {Threei}  sounds about right

[13:31] {cipher} logm s .62

01[13:31] {Threei}  GLD 1:1

[13:31] {dino} call to .30 things stuck

[13:32] {dino} make it .29, hide behind edgx

01[13:33] {Threei}  (US) Survey of economists' expectations indicates approx 1/3 see the Fed tapering its purchases in Q3, with no economists expecting an increase in asset purchases - financial press

[13:33] {dino} amri to .02

[13:34] {Les} watching lvs around 58

[13:34] {dino} then it will increase

[13:35] {cipher} cov LOGM .46 +.16

[13:36] {Les} lvs weakening but .90 was the trigger, watching for a bounce into resistance

[13:37] {stevw} LVS blasted past my .90 mental stops moments before i entered it, but after torturing me for 10 minutes or so it came back to it

[13:37] {Les} 1:2 gld ty

[13:37] {stevw} thankfully 58 was a good ceiling to contain it

01[13:37] {Threei}  you spotted it

[13:37] {Les} you validated it

01[13:37] {Threei}  but I'll take the crdit if you insist

[13:38] {Les} when I can tell diference between DT and random crap then I'll take full credit :)

01[13:38] {Threei}  I am nothing is not generous when it comes to taking credits

[13:38] {Les} last piece stop on trail

01[13:39] {Threei}  random crap is easy to tell

01[13:39] {Threei}  it looks nothing like any of the setups :)

[13:39] {Les} tell my brain that

[13:39] {Les} ... quiet nemo

[13:39] {dino} out call, slipage ave .27, +.25

[13:40] {Les} RIG dicing with .30 breakdown needs a bit of work

[13:41] {Les} hmmmm C

[13:41] {Les} at yesterdays close as support

[13:41] {Les} tight range

01[13:41] {Threei}  I just thought of an angle, how to think of setups to get you one step closer to seeing them right

01[13:42] {Threei}  don't think that ech and every chart can be read at any time,

01[13:42] {Threei}  think of them as random mostly,

[13:42] {dino} act sm s .14

01[13:42] {Threei}  sometimes forming something readable, falling in the template of a pattern

01[13:42] {Threei}  That's when we are interested,

01[13:43] {Threei}  and at all other times we view them as unreadable mess

[13:45] {backman} CAT starting afternoon selloff early

01[13:48] {Threei}  it's Friday

01[13:48] {Threei}  it wants to be done earlier

[13:50] {cipher} ACT L.80

[13:51] {cipher} out .38 +.58

[13:52] {dino} gj

[13:52] {cipher} ty

[13:52] {cipher} heart attack stock

[13:52] {dino} pulp for sure

01[13:53] {Threei}  lol

01[13:53] {Threei}  a stock that cipher calls heart attack one

[13:54] {cipher} what do you call it vad?

[13:54] {dino} act stop -.36

[13:54] {dptl} MET .10 long?

01[13:55] {Threei}  nah

01[13:56] {Threei}  "wear-the-diaper-take-the-sedative-don't-look-at-the-screen-and-have-a-heart-attack-anyway"

[13:56] {cipher} I thought so :)

[13:56] {cipher} that's more appropriate

01[13:56] {Threei}  :)

[14:04] {thomcbell} ocn 42.25 long b reak 

[14:05] {thomcbell} would also be interested in a pullback under 42.15 

[14:05] {cipher} act l .05

[14:06] {cipher} out .40 

[14:07] {thomcbell} ocn 1:1

[14:09] {cipher} cat l .30

[14:10] {Les} vig vol. lvs 58 break

[14:10] {Les} big

[14:10] {cipher} out cat .36 +.06

[14:11] {Les} lvs .10 short holdign .15?

01[14:12] {Threei}  yes but looks like will be invalidfated

01[14:12] {Threei}  no

01[14:12] {Threei}  has a chance

[14:12] {Les} in with hl

[14:14] {Les} .01 taken partial

01[14:15] {Threei}  :)

[14:15] {Les} not really DT but vol spike has my attention

[14:15] {cipher} cat selling

01[14:17] {Threei}  Stock ownership among Americans is record low. 52% of adults say they own any stocks. Gallup poll

01[14:17] {Threei}  hmmm

01[14:17] {Threei}  if true, then this bull has ways to go yet

[14:17] {thomcbell} yup

[14:17] {Les} gonna have to work a while yet yeh

[14:17] {Les} peddling to mum and pop

[14:18] {thomcbell} ddd 43 long brqaek

[14:18] {jdetente} yes the almighty retail investor still needs to buy in

[14:18] {thomcbell} break

[14:18] {Les} hmmm CAT bounce at previous low .90?

[14:18] {nemo} rax, sheesh...probably gap up on Monday

[14:18] {thomcbell} if holding 42.90 

[14:18] {Les} cross of 00?

01[14:19] {Threei}  looks rather like more downsite to me

[14:19] {thomcbell} ddd 1:1

01[14:19] {Threei}  .90 short

[14:19] {Les} theres teh bounce

[14:19] {thomcbell} 1:2

[14:20] {Les} give it a min. or 2

[14:20] {Les} lvs offering new entry here

[14:20] {Les} lower high

[14:21] {thomcbell} im using a 43.13 stop on last quarter of ddd

[14:23] {thomcbell} ddd stop to 43.19

[14:23] {dino} amri to .15

[14:24] {thomcbell} ocn stopped 2nd half 

[14:24] {Les} http://tinyurl.com/cjh7cn5

[14:24] {Les} brave new world

[14:25] {thomcbell} ddd out at 1:3

[14:32] {dino} out amri .23, +.72

[14:32] {jdetente} act halted

[14:37] {backman} any thoughts LVS...break of .97

[14:39] {RonS} auggie 110/130 call spread on act...around $7 1500 contracts...million dollar bet

[14:40] {RonS} insiders use the out months so SEC won't notice...usually works

01[14:40] {Threei}  not sure on LVS

[14:43] {dino} whens it opening ron?

[14:44] {Les} lvs 2nd H stop

[14:44] {RonS} dunno

[14:45] {RonS} Actavis Confirms Early Stage Discussions Regarding Potential Combination with Warner Chilcott plc 

[14:45] {dino} got caught short 300 at .76

[14:45] {RonS} now the MM's can start matching orders to get it open...

[14:46] {RonS} let throw you some toilet paper...

[14:46] {dino} i may need it

[14:46] {RonS} Warner Chilcott Confirm Talks With Actavis About Potential Business Combination

[14:46] {dino} i hate halts. all they ever do is screw me

[14:51] {nemo} looks like they're going to pop the spy

[14:54] {dino} well that sucked

01[14:54] {Threei}  (US) Fed's George (hawk, FOMC dissenter) - factors driving unemployment are beyond the reach of monetary policy

01[14:55] {Threei}  really? we said that for years

01[14:55] {Threei}  but no, you idiots tied your easing to unemployment numbers

[14:57] {dino} ilmn spike

[14:58] {RonS} ILMN Roche has made offer

[14:58] {dino} ilmn sm s .06

[14:59] {RonS} $88

[14:59] {dino} cov .62 +.46 

[14:59] {dino} thx ron

[14:59] {dino} sm l .85

[14:59] {cipher} ilmn l.74

[14:59] {cipher} out .13 +.39

[14:59] {cipher} thx dino

[15:01] {dino} out ilmn .05, +1.20 thx ron

[15:02] {dino} reload .00

[15:03] {RonS} act call buyer already made 750k

[15:04] {dino} out ilmn .10, +2.10

[15:05] {dino} ilmn sm l .32

[15:06] {dino} stop -.30

[15:07] {dino} rinse

[15:08] {nemo} Is the paint dry yet?

[15:10] {dino} ilmn sm l .01

[15:10] {dino} out .50, +.49

[15:10] {RonS} appears that ilmn roch thing is a rumor

[15:12] {RonS} still may go to $75...

[15:12] {dino} i can't find it, just message board talk

[15:12] {backman} i've been scalping CAT around .37 last bit....is it risky to keep using same trigger point...is just keep doing it til it fails

[15:12] {dino} sm s .15

[15:12] {RonS} 24% ilmn floar short

[15:12] {dino} stop .55-.40

[15:13] {RonS} 28 mil shares...

[15:13] {RonS} bingo

[15:14] {dino} sm s .70

[15:14] {dino} cov .09, +.61

[15:15] {dino} sm s .50

[15:15] {dino} cov .08, +.42

[15:17] {backman} arrgh...CAT flop

[15:17] {dino} ilmn sm s .38

[15:17] {dino} cov .89, +.49

[15:18] {RonS} ILMN "no confirmation " from roche

[15:18] {backman} nicely dun

[15:18] {dino} sm s .82

[15:20] {dino} cov .72, +1.10

[15:22] {RonS} ha..."So many red lines, so little time" @jeffreygoldberg on Syria

01[15:22] {Threei}  lol

01[15:22] {Threei} Long Setup:  GLD  .25 break hl

01[15:22] {Threei}  If holds  .15 

01[15:28] {Threei}  1:1

01[15:28] {Threei}  1:2

01[15:35] {Threei}  1:3, out

[15:36] {thomcbell} great job Vad

[15:36] {thomcbell} !

01[15:36] {Threei}  ty

01[15:36] {Threei}  classic setup

01[15:36] {Threei}  textbook

01[15:39] {Threei}  http://goo.gl/PXRwW

[15:43] {backman} hadnt seen that much green on my screen in a while...thanx

01[15:43] {Threei}  :)

[15:45] {stevw} thankx vad, that made up for me having got stung twice trying to short lvs

01[15:45] {Threei}  yw

[15:45] {nemo} they should push IWM to 97 that would be a 100% extension

01[15:45] {Threei}  right from 111 Trades pages

[15:46] {stevw} btw, your picture from elk lake reminded me of one i took on the sunshine coast - can i post a picture on here?

01[15:47] {Threei}  link to it, sure

01[15:47] {Threei}  picture itself, I don't think it's possible

01[15:54] {Threei}  OK guys, thank you all

01[15:54] {Threei}  have a great weekend

01[15:54] {Threei}  see you all on Monday

[15:54] {Les} cheers

[15:56] {dino} ilmn sm s .40

[15:57] {dino} cov .90, +.50

[15:58] {dino} sm s .09

[15:58] {dino} cov .65, +.44

May 09 2013

Catch of the Day, thing of beauty. Double top, some consolidation forming support level, then breakdown.

Decent day overall, although a lot of back and forth, and many scalps, as trading is quite choppy.

For swing traders, new resource is at http://www.realitytrader.com/swingtrader.html. Check it out.

Session Time: Thu May 09 00:00:00 2013
[03:25] {KSystems} GM
[03:26] {KSystems} l 6EM3 1.3152 stp 1.3142 tgt 1.3162
[03:34] {KSystems} l GCLM3 96.26 stp 96.16 tgt 96.36
[03:34] {KSystems} its 10-tick-day
[03:46] {KSystems} out 6EM3 1.3162 (+0.0010)
[04:24] {KSystems} out GLCM3 96.16 (-0.10)
[04:25] {KSystems} l GGCM3 1469.4 stp 1468.6 tgt 1470.2
[04:42] {KSystems} l GCLM3 96.22 stp 96.11 tgt 96.33
[04:47] {KSystems} out GGCM3 1470.2 (+0.8)
[04:47] {KSystems} out GCLM3 96.33 (+0.11)
[04:52] {KSystems} s GCLM3 96.31 stp 96.41 tgt 96.21
[04:58] {KSystems} out GCLM3 96.21 (+0.10)
[06:33] {KSystems} s GGCM3 1471.4 stp 1472.5 tgt 1469.3
[06:43] {KSystems} out GGCM3 1469.3 (+2.1)
[06:48] {KSystems} l GGCM3 1469.7 stp 1468.5 tgt 1470.9
[07:09] {KSystems} out GGCM3 1468.5 (-1.2)
[07:53] {KSystems} l YMM3 15057 stp 15045 tgt 15067
[07:53] {KSystems} morning
[07:57] {KSystems} bye
[08:07] {KSystems} out YMM3 15045 (-12)
[08:44] {nemo} Vad...warn me so I can log out for a few minutes
01[08:45] {Threei}  oh man up and suffer
[08:46] {nemo} Oh, and having to deal with Les on a daily basis isn't suffering enough?!
[08:46] {nemo} Listen...if I wanted to occupy my day with suffering, I'd get married
[08:52] {nemo} http://bit.ly/12gybUVhttp://bit.ly/12gybUV
[09:00] {patel} GM
[09:01] {KSystems} morning :)
01[09:01] {Threei}  patel, ks :)
[09:01] {KSystems} that was a reply *G* I've been here for a few hours
[09:08] {jdetente} Good morning...
01[09:08] {Threei}  jd :)
[09:08] {stevw} g'mornin
[09:09] {thomcbell} TSLA
01[09:09] {Threei}  stec, tbell :)
01[09:09] {Threei}  c=v
[09:10] {backman} gm
01[09:10] {Threei}  bman :)
[09:11] {stevw} TSLA short? (or is that just an electric car joke?)
[09:13] {stevw} news on TSLA is first-ever profit
01[09:15] {Threei}  it can't be
01[09:15] {Threei}  no electric car company ever made profit
[09:15] {jdetente} must be some sort of accounting voodoo
[09:15] {jdetente} cooked books
[09:17] {Will49} gm
[09:17] {KSystems} hey
01[09:18] {Threei}  will :)
[09:18] {RonS} howdy
01[09:19] {Threei}  ron :)
[09:20] {Alexs} gm
01[09:21] {Threei}  alex :)
01[09:23] {Threei}  SPY looks to me ready to shrug off bad numbers and put another run
[09:23] {nemo} of course
01[09:23] {Threei}  with pullback at the open probably
01[09:27] {Threei}  BBRY takeover chatter
01[09:27] {Threei}  pathetic really
[09:27] {nemo} oh, those again...
[09:27] {nemo} my liver would be rotted if I took a drink every time I heard one of those
01[09:27] {Threei}  you don't?
[09:28] {RonS} plus that would double your input...
[09:28] {nemo} barely scratch the surface actually
[09:28] {RonS} :)
01[09:29] {Threei}  GDX... dropped prematurely... let's see if bounces for short
[09:29] {Les} MORNIGN
01[09:29] {Threei}  les :)
01[09:32] {Threei} Long Setup:  C  .10 break
[09:32] {dptl} gm
01[09:32] {Threei}  change to 49 break
01[09:32] {Threei}  dp :)
01[09:33] {Threei}  USD firms against the major pairs with real money accounts said to be buyers - dealers
01[09:34] {Threei}  1:1
[09:35] {ese} gm....late
01[09:35] {Threei}  nore from parents?
[09:35] {thomcbell} looking for short entry in ddd
01[09:35] {Threei}  note
[09:35] {Les} GDX
01[09:36] {Threei} Short Setup: GDX  30 break
[09:36] {nemo} rax
01[09:36] {Threei}  If holds  .10
[09:36] {nemo} .38 level
[09:37] {thomcbell} fast 0.50 cents in ddd with no setup - next
01[09:37] {Threei}  C 1:2
[09:37] {thomcbell} retarded
[09:37] {nemo} hah
[09:37] {nemo} guess .36 wasn't low enough to catch a short on drop of .38
01[09:38] {Threei}  out in full C
[09:39] {Will49} tks vad, good start
[09:40] {ese} L ne .71
01[09:40] {Threei}  Invalidated  GDX
01[09:41] {Threei}  SPY is green as if nothing happened
[09:41] {backman} C is back to entry
[09:42] {ese} out ne .91 +.20
01[09:42] {Threei}  should make new low, C
01[09:42] {Threei} Short Setup: C  .90 break hl
01[09:43] {Threei}  If holds  49
01[09:43] {Threei}  stop to .96
01[09:43] {Threei}  cover half
01[09:43] {Threei}  stop to .91
01[09:44] {Threei}  .80 might be tough to break
[09:44] {jdetente} covered the full thanks Vad
01[09:44] {Threei}  yw
01[09:45] {Threei}  ok... scalp it is
01[09:45] {Threei} Short Setup: GDX  .05 break
[09:48] {thomcbell} ddd wow
01[09:50] {Threei}  If holds  .15  of coyrse
[09:52] {ese} L ne .74
[09:55] {ese} out ne .87 +.12
01[09:55] {Threei} Short Setup: C  .95 break
01[09:56] {Threei}  If holds  49
[09:56] {nemo} gmcr 70
[09:56] {ese} ok....now i can talk.............how ya'll doing out there........
[09:57] {backman} u still like C?
01[09:57] {Threei}  no
01[09:57] {Threei}  Invalidated
[09:57] {ese} I like him in James Bond
[09:57] {backman} ese, I missed u man
[09:58] {ese} tks.......your the only one
[09:58] {Will49} i'm trying to keep it a secret
[09:58] {Will49} that i missed you
[09:58] {ese} Les despises me....nemo can't stand me...will puts up me......and vad just goes.....sheesh......it's my lot in life on this board
[09:59] {backman} it will get better ...just like my trading some day
01[09:59] {Threei}  noese, you are just fishing for extra portion of shishkebab
[09:59] {dino} ntwk sm l .44
[09:59] {nemo} I like you ese...I have compassion for the mentally ill
[10:00] {ese} indeed I am......indeed I am.........I may be stupid....but I'm not DAMN stupid
[10:00] {ese} lol
01[10:00] {Threei} Long Setup:  CAT  .20 break hl
[10:00] {Les} liberal = mentally ill?
[10:00] {ese} someone give me take on SLW here?
01[10:01] {Threei}  change to .10 break
01[10:01] {Threei}  If holds  90
01[10:04] {Threei}  no read on SLW here
[10:05] {ese} tks
01[10:05] {Threei}  SPY is somewhat nervous today
[10:05] {ese} thouhgt it was going to consolidate at .65 and then go.....no such luck
01[10:06] {Threei}  no go CAT
[10:07] {Les} back to 00 for 2 indexes
[10:07] {Les} vxx popping higher than yesterday
[10:08] {nemo} good place for index longs here
[10:08] {Les} db turned into stop rinse yesterday
[10:09] {robbers} GM, nice to see so many familiar names.  I'm here for a short time on a temporary visa. To trade mornings mostly.  Hi to all.
[10:09] {backman} morning
[10:09] {Will49} Hi
[10:09] {Will49} you recognize ese?
01[10:10] {Threei}  robbers, welcome back
[10:10] {robbers} Yep.
[10:10] {robbers} Thanks.
01[10:11] {Threei} Long Setup:  C  .80 break
01[10:11] {Threei}  If holds  .75
01[10:12] {Threei}  Invalidated
[10:12] {ese} ROBBERSSSSSSSSS!!!!!!!!!!!!!!!!!!!!!!!!!! welcome back buddy
[10:13] {backman} GILD is green how atypical
[10:13] {robbers} Thanks man.
[10:13] {ese} I gotta get me one ah dem dare new fangol....tradin visa's
[10:14] {ese} ya tks will.......wha da ya mean recognise?
[10:14] {Will49} hehehe
[10:14] {dino} hey robbers
[10:14] {robbers} Hi dino, nice to see you again.
[10:15] {Will49} we need some action....nemo's not bugging Les
[10:15] {Will49} so I'm trying to fill the void :)
[10:15] {ese} lol
01[10:15] {Threei}  C is valid again
[10:15] {ese} tough act to follow ole les
01[10:15] {Threei}  with .72 stop
[10:16] {ese} or was that ole nemo.....nah......ole les and ole nemo........hmmmmmmm
[10:16] {cc_9} JAZZ needs volume, otherwise 15min looks nice
01[10:16] {Threei} Long Setup:  TNA  .30 break
01[10:16] {Threei}  If holds  .20
01[10:18] {Threei}  Invalidated
[10:18] {jdetente} meh no go C
01[10:19] {Threei}  (US) Fed's Evans (dove, FOMC voter): FOMC looks at both sides of its mandate, reiterates that the Fed could either increase or decrease QE purchases- It is critical that global banks maintain substantial capital cushions
01[10:19] {Threei}  jd?
[10:20] {jdetente} C triggered
[10:20] {jdetente} printed .81
01[10:20] {Threei}  [10:15] {Threei} with .72 stop
[10:20] {jdetente} .75
[10:20] {jdetente} no?
01[10:20] {Threei}  10:20] {Threei} [10:15] {Threei} with .72 stop
[10:20] {jdetente} oh shoot...didn't see second
01[10:20] {Threei}  SPY is weak again
01[10:24] {Threei}  what the deuce
[10:24] {Les} TNA 46
[10:24] {nemo} 162 bounce
[10:25] {nemo} oops, not reading it right .80
[10:29] {Les} tna .90 long if db to .80? market hesistation suggests potential bottom
[10:30] {Les} premarket lows in spy taken out
01[10:30] {Threei}  can't tell
[10:30] {Les} k
[10:30] {Les} iwm
[10:30] {Les} sorry
[10:31] {dino} boil drop
[10:33] {RonS} lanced?...sorry...
[10:34] {dino} sm l .90 boil
[10:34] {nemo} sucks ya' can't short tsla
[10:34] {RonS} ya
[10:34] {ese} L tol .36
[10:34] {dino} out boil .40, +.50
[10:34] {RonS} $100,000 electric cars...what could go wrong?
[10:35] {RonS} gj dino
[10:35] {dino} ty
[10:35] {dino} buy a lot of gas for 50k or so
[10:35] {nemo} tna good to .35 or so
[10:37] {RonS} tsla dude elon musk chairman of solar city...currently suing fed for $350 mil of solar subsidies...elon big dem contributor...most crony corrupt admin since US Grant
[10:38] {RonS} of=for
01[10:42] {Threei} Long Setup:  BBY  .70 break
01[10:42] {Threei}  If holds  .60
[10:44] {nemo} I would take some tna here
[10:45] {Les} alphaguru...rings a bell
[10:45] {nemo} ?
[10:45] {Les} not an alias?
[10:46] {Les} of whatshisname?
01[10:46] {Threei}  reshi
[10:46] {nemo} oh jeez
[10:46] {Les} thai net address
01[10:46] {Threei}  kidding
[10:46] {Les} one of the cc's?
[10:46] {nemo} fslr
[10:47] {Les} TNA above 3 min bb's. pullback to 46 low sould be nice here
[10:47] {thomcbell} long setup hlss 23.50 long break if holding 23.40
[10:47] {nemo} not expecting much of a pullback
[10:47] {ese} out tol .5706 +.2106...........one must strive to be accurate these days
[10:48] {Les} nice
[10:48] {ese} tks
[10:49] {dino} ddd sm l .00
[10:51] {thomcbell} ddd is a crazy stock
[10:51] {thomcbell} massive moves
[10:52] {jdetente} especially with that second equity offering after hours today
[10:52] {RonS} really? is it priced?
01[10:52] {Threei}  stop to .64
[10:52] {thomcbell} well it has held up incredibly well
[10:52] {jdetente} it will be priced I should say
01[10:53] {Threei}  3-D Systems Corp Anticipates pricing its previously announced, anticipated offering to sell shares of its common stock after the close of trading on the New York Stock Exchange on Thursday, May 9- On May 7, 2013, the company announced a proposed underwritten public offering of approximately $250M. In addition to the $250M from 3D Systems, certain stockholders, including certain officers and directors and their affiliates, are offering an aggregate of approximately 1.3M shares in the offering. - 3D Systems intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders
[10:53] {RonS} so, price in the ah today?
[10:58] {Les} IWM looking a lot stronger than SPY here. if spy lifts above 163 again
[10:58] {ese} L ddd .06 smallish
[10:58] {jdetente} 1:1 BBY
[10:59] {nemo} wdc gonna close gap
01[10:59] {Threei}  1:1
[11:00] {nemo} mnst
[11:00] {ese} out ddd .31 +.25
[11:02] {Les} sm tna . .42
[11:02] {nemo} nflx on disney deal, poor shorts
[11:02] {Les} cut half
[11:04] {robbers} Vad, thanks BBY.
01[11:06] {Threei}  :)
01[11:06] {Threei}  out in full
[11:09] {jdetente} out last piece at .95. Thanks Vad
01[11:10] {Threei}  yw
01[11:10] {Threei}  had me hesitating a tad when couldn't break .75 for a good while
[11:11] {Les} I thank you for the setup, but late in taking my drugs, forget to set an exit
[11:11] {Les} started overthinking, so drugs not entirely to blame
[11:11] {Les} shut up nemo
[11:12] {Alexs} why didn't u stop on trail after 1:1 Vad?
[11:12] {Les} and got cold virus again. curse europe's weather
[11:12] {Will49} was wondering that too
[11:12] {patel} Yeah, I got trail stopped after 1;1
[11:12] {Will49} after 1:1 i trailed stop to .69
[11:13] {Will49} and stopped out
[11:13] {Les} bb's tigthening on indexes
[11:13] {ese} L ddd .18
[11:14] {ese} trying to drive the price up for dino
[11:14] {ese} anything for a friend eh
[11:14] {Les} price arbitrage. iwm up spy down
[11:15] {Les} tna 1:2 stop to .50
[11:15] {dino} ddd to .35
[11:15] {dino} out +.35
01[11:16] {Threei}  because of a frikin phone call
01[11:16] {Threei}  just now saw that it did tag the trailing stop
[11:16] {Will49} lol
[11:17] {jdetente} that drop after hitting 1:1 was quick...I had walked away
01[11:17] {Threei}  not good really
[11:17] {Will49} your lucky day Vad
01[11:17] {Threei}  well, yeah, but this is not the way to trade
01[11:17] {Threei}  sometimes administratibe stuff gets in the way
[11:17] {Les} CAT too mornign resistance here
[11:17] {Les} nice cup CAT
01[11:18] {Threei}  more than that... I haven't seen your questions in the room about it
01[11:18] {Threei}  got a dcc from one of members who asked the same question, and only after that saw it
06[11:18] * Threei hangs his head in shame
[11:19] {Will49} Guru is human :)
[11:19] {ese} out ddd .34 +.16
06[11:19] * Les furiously scribbles down this account for future reference
[11:23] {Les} tna to .60
[11:25] {nemo} disconnect between iwm spy and fas
[11:29] {Les} tna to .70
[11:32] {Les} stopped +.27 TNA
[11:34] {Les} IWM rode it's 3 min bb's up to premarket resistance. should have shorted
01[11:34] {Threei} Short Setup: C  .50 break
01[11:34] {Threei}  If holds  .60
01[11:50] {Threei}  ese, dcc please
[11:53] {dino} out ntwk .74, +.30
[11:53] {nemo} kss in bounced territory
01[12:06] {Threei}  not liking that C ignores SPY drop
[12:07] {nemo} gmcr
01[12:08] {Threei} Short Setup: SBUX  .20 break
01[12:08] {Threei}  If holds  .30
01[12:11] {Threei}  no go C
[12:12] {stevw} how do you like that c&h on FCX?
[12:13] {RonS} fb rip
[12:13] {nemo} fb jump on cooperman saying he'ss long, get ready dino
[12:14] {stevw} i had an .02 bid on the FB retest, but didn't get taken
01[12:18] {Threei}  FCX, I like the chart
01[12:18] {Threei}  not sure SPY cooperates
01[12:19] {Threei}  Cooperman merely said he "continues to hold"
01[12:19] {Threei}  shrug
[12:20] {Alexs} where is entry on fcx?
01[12:20] {Threei}  33.05 would be C&H break
[12:21] {Alexs} tu
01[12:21] {Threei}  with this SPY drop, I am not sure it's worth it
[12:21] {Alexs} k
[12:21] {stevw} coiuld be interesting if it now claws back up to form smaller secondary c&h
01[12:22] {Threei}  come on SBUX, couigh up couple more cents
01[12:24] {Threei}  1:1
[12:25] {jdetente} there we go
[12:26] {stevw} out of last half of BBY - tried to let it run, but settled for a match of the first half - many thanks vad!
01[12:27] {Threei}  yw
01[12:34] {Threei}  you may get your wish, stev
01[12:35] {Threei}  FCX starts evening out and consolidating
[12:35] {stevw} keeping a close eye on it
[12:37] {nemo} bidu two way here
[12:37] {stevw} c'mon sbux, let's have a big spill
[12:38] {nemo} long
[12:38] {nemo} finnies spx trying to push higher
01[12:41] {Threei}  I like how it stays at the lows while SPY tries to bounce
01[12:41] {Threei}  and I don't like their coffee
[12:41] {thomcbell} tsla shocking explosion off the low
[12:43] {stevw} you didn't laugh at my electric car joke, so don't expect a laugh from me
01[12:44] {Threei}  I must've missed it... lemme scroll
[12:44] {stevw} it was a weak early morning attempt
01[12:45] {Threei}  hmmm... OK, I found it...
01[12:45] {Threei}  luck of caffein in your blood can be an exuse :)
[12:45] {stevw} sure, let's go with that
01[12:46] {Threei}  just please, whatever you do, do NOT try to fix it with SBUX coffee
[12:46] {jdetente} you prefer Green Mountain Vad??
01[12:46] {Threei}  it's not even an excuse for coffee
01[12:46] {Threei}  meh
[12:46] {jdetente} hehe
01[12:47] {Threei}  buy java colombia beans, grind them, brew a real coffee in, umm, what's the english for it
01[12:47] {Threei}  cezve
[12:47] {thomcbell} how do u get those Vad
01[12:47] {Threei}  Costco sells them here in Canada
01[12:48] {Threei}  vacuum packed, very fresh
[12:48] {thomcbell} http://images.costco.com/image/media/350-677981-847__1.jpg
[12:48] {thomcbell} oh no thats ethiopian
[12:49] {RonS} seeing an ad elsewhere for a $2500 bitcoin miner...wtf?
01[12:49] {Threei}  lol
[12:50] {jdetente} I like Illy's coffee (espresso) myself
01[12:50] {Threei}  just forget those machine brews, whether traditional or single cup, that's not coffee at all
01[12:51] {Threei}  drop ones I mean
01[12:51] {Threei}  drip
[12:51] {jdetente} drip
[12:53] {Alexs} CAT short .40?
01[12:54] {Threei}  not sure about CAT...
01[12:54] {Threei}  it usually works niely on this kind of setup
01[12:54] {Threei}  but last few days it's just imossible
[12:54] {Les} GDX another prospective breakout candidate at .95
01[13:04] {Threei}  lol, local news tweet:
01[13:04] {Threei}  Apologies go out to Vic-Beacon Hill candidate John Shaw of the Communist Party. The News misstated his name in our May 8 questionnaire.
01[13:04] {Threei}  did they call him Karl Marx?
01[13:05] {Threei}  friking SBUX remained a scalp
[13:05] {Will49} That;s my riding Vad
[13:05] {jdetente} day of the scalp...
[13:05] {Will49} now I've got an alternative to Libs and NDP :)
01[13:05] {Threei}  don't tell me it's your pseudonim
[13:05] {Will49} busted!
01[13:06] {Threei}  SPY went green
01[13:07] {Threei}  FCX remains indifferent though
[13:07] {Les} c .75 long holding .70?
01[13:07] {Threei}  50/50...
[13:07] {Les} k
01[13:09] {Threei}  CAT would have stopped that entry
[13:10] {Alexs} yes tu
[13:12] {Les} fcx .05 long?
[13:12] {Les} holding .95?
[13:13] {RonS} tsla loaded up some shorts and now driving them over the cliff
[13:13] {RonS} lucky here...thank god no shares to short...
01[13:14] {Threei}  yes FCX
01[13:15] {Threei}  TSLA is a total squeeze, yeah... Consumer Report added fuel to the fire
[13:15] {nemo} charge to the battery
[13:15] {stevw} zapped it
[13:16] {stevw} we're still doing electric car jokes, eh
[13:16] {jdetente} I see those money pits driving around every once in a while...just shake my head
[13:16] {nemo} call that a a joke stevw?
[13:16] {Alexs} stop fcx .95?
[13:17] {jdetente} .94
[13:17] {stevw} about as good as mine get
[13:17] {backman} any thought on shorting GDX on break of curent low?
01[13:17] {Threei}  yes, just under
01[13:17] {Threei}  GDX... hmmm
01[13:18] {Threei}  .74 you have in mind, bman?
[13:18] {backman} therabouts....74/.73
01[13:22] {Threei}  with .81 stop
[13:22] {backman} sure
[13:28] {backman} if it fails here, i'm gestimating .50's ...
[13:29] {Will49} no gesticulating though
01[13:29] {Threei}  .45 my target
[13:29] {backman} keep ur hands to yourself will
[13:30] {Les} nice one b. missed it for doing dinner
[13:30] {Will49} :)
01[13:31] {Threei}  1:1
01[13:32] {Threei}  sigh
01[13:32] {Threei}  another scalp
[13:33] {backman} and so it goes
[13:33] {Les} grind up....
01[13:39] {Threei}  gring FCX, grind
[13:41] {backman} that spike on GDX just fels like a short stop..no followthru
[13:41] {backman} right back at same trigger
01[13:44] {Threei}  chop chop
[13:44] {Alexs} C long .80?
01[13:44] {Threei}  this SPY push should take FCX to 1:1
[13:44] {Will49} puuuuuush
01[13:44] {Threei}  C, yes
[13:45] {backman} JPM in here?
01[13:45] {Threei}  hate the way this thing trades today but this setup is a must
[13:45] {jdetente} 1:1 FCX
01[13:45] {Threei}  1:1 FCX
01[13:46] {Threei}  JPM, this one I'd rather skip
[13:47] {ese} Don't know if you all are noticing this but a lot of small caps moving to me indicating the last part of a bull run
01[13:47] {Threei}  ese, look dcc pls
[13:48] {Les} e.g., ese?
01[13:50] {Threei}  mazon Developing Smartphone With 3-D Screen
01[13:50] {Threei}  sounds about right... how long should we put up with this 2F crap
01[13:50] {Threei}  2D
[13:51] {Les} bring 3D goggles and virtual keyboard into the living room and I'll be impressed
01[13:51] {Threei}  if buddy sends me a video of his dog humping his stuffed toy, how am I supposed to enjoy it wiithout 3D?
[13:52] {dptl} lol
[13:52] {Les} ugh
[13:52] {Les} all the uses for the technology right...
[13:52] {Will49} pretty low-level porn Vad
[13:52] {Les} lol
01[13:52] {Threei}  what can I do... each of us has his ceiling, right?
[13:53] {Will49} :)
01[13:53] {Threei}  ese, you here?
[13:53] {Will49} everybody's gotta be someplace
06[13:54] * Threei slaps ese around a bit with a pokes ese with hypodermic needle full of strong coffee brew
[13:54] {Les} GDX might drop for real here. some consolidation would be nice
01[13:54] {Threei}  hmmm... that was complicated move
[13:54] {stevw} so much for existentialism
01[13:55] {Threei}  FCX, give us 1:2
01[13:55] {Threei}  yesss
[13:55] {jdetente} good timing
01[13:55] {Threei}  C mercifully never trigered
[13:55] {Les} got it. now one more
[13:56] {dino} fxy drop
01[13:56] {Threei}  what else is new
[13:56] {Les} GDX bouncing around here
01[13:56] {Threei}  FXY does nothing but drops last few months
[13:56] {Les} DB?
01[13:56] {Threei}  but yeah, this is sharp dive
01[13:57] {Threei}  what about DB?
[13:57] {Les} GDX
[13:57] {Les} strange
[13:57] {Les} but looks like DB
[13:58] {Les} or just new range developing
01[13:58] {Threei}  re: FXY:
01[13:58] {Threei}  US Dollar vs Japanese Yen USD tests above �100; first time since April 2009
01[13:58] {Threei}  no, GDX isn't
[13:58] {Les} k
01[13:58] {Threei}  and I looked at symbol DB becxause of you
[13:59] {jdetente} I thought he was calling you names...
01[14:00] {Threei}  he does, under his breath
01[14:00] {Threei}  I take it as a given
[14:00] {jdetente} is C still on table or has it given us enough hell today already?
01[14:01] {Threei}  I hate it today but the chart is too good... I am torn
[14:01] {jdetente} half lot?
01[14:01] {Threei}  good compromise
01[14:02] {Threei}  let's: a) take it, b) limit it to hl and c) swear at it all the time the trade lasts
[14:02] {jdetente} d) if it doesn't work use good hot sauce for keyboard
01[14:03] {Threei}  can't frikin believe it
01[14:03] {Threei}  the lens I was hunting for during last few months, usually costing about $1300, popped up on Ebay for 800
01[14:03] {Threei}  I hoped for 1000
01[14:04] {Threei}  snatched it within 5 minutes after it was posted :)
[14:04] {stevw} what one?
01[14:04] {Threei}  Zuiko 7-14
[14:04] {stevw} macro?
[14:04] {Les} hoped?
[14:04] {stevw} never heard of it
[14:04] {Les} you offered 1000 on the spot?
01[14:04] {Threei}  bought it for 800
01[14:05] {Threei}  ultrawide, super high grade, water proof, amazing optics
[14:05] {Les} we seen what it does yet?
[14:06] {stevw} oh, olympus
01[14:06] {Threei}  http://www.cameralabs.com/reviews/OlympusE714mm/
01[14:06] {Threei}  I just bought it, Les
01[14:06] {Threei}  widest I had was 9-18
[14:09] {Les} GDX...
[14:13] {Will49} well...off to mainland, see you all next week
[14:13] {Will49} and good luck
[14:14] {Alexs} Vad what is a size of standart lot in price range we trade?
01[14:14] {Threei}  take care will, have fun
01[14:14] {Threei}  1000 shares, Alex
[14:14] {Alexs} ty
[14:14] {Les} cheers wiull
01[14:15] {Threei}  unless you are ese
01[14:15] {Threei}  he doesn't recognize anything under 5K
01[14:15] {Threei}  with dino/cipher trades it's less of course
[14:15] {Alexs} :O
01[14:15] {Threei}  their stops are wider
[14:17] {Les} damn 2 min at table and FXY is off
[14:20] {Les} RIG flirting with 55 but not setup I see
[14:22] {Les} LVS just broke down short bounce into resistance here?
01[14:22] {Threei}  hl
01[14:23] {Threei}  on .40 recross
[14:24] {Les} c broke south
[14:26] {dino} fslr spike
[14:29] {dptl} FIO .70 short?
01[14:30] {Threei}  nah
[14:32] {dptl} VLO .50 long?
01[14:32] {Threei}  die LVS
[14:32] {patel} What was the entry on LVS
01[14:32] {Threei}  short
01[14:33] {Threei}  14:22] {Threei} hl
01[14:33] {Threei}  [14:23] {Threei} on .40 recross
01[14:33] {Threei}  no VLO
[14:34] {Les} short C .69 small
[14:37] {Les} c covere half .61
[14:38] {Les} paretial cover lvs ty
01[14:38] {Threei}  1:1
01[14:38] {Threei}  LVS owed us
01[14:43] {Threei}  here is a head-scratcher:
01[14:43] {Threei}  Google Inc Apple is said to have been awarded a court order against Google in ongoing patent suit against Samsung
01[14:43] {Threei}  who sues whom for what against whom?
01[14:44] {Threei}  and here is one content guy:
01[14:44] {Threei}  Fed's Plosser: Not worried about the slowing pace of inflation, not worried about disinflation
[14:44] {nemo} hey dino, you should trade dust
01[14:45] {Threei}  you mean Greece?
01[14:45] {Threei}  I remember Moody's downgrading then to dust recently
[14:48] {Les} C stop to .60
01[14:48] {Threei}  lol, what's with guy trying to connect recently without even registering for a trial
01[14:48] {Threei}  guys
[14:48] {nemo} http://bit.ly/147bKla
[14:49] {dino} why dust nemo?
[14:49] {nemo} look how much it moves, and it's low volume, your kinda' stock
[14:49] {nemo} or etf as the case may be
[14:50] {dino} yeah 5 buck range
[14:50] {dino} whoa 9 buck
[14:50] {nemo} sportin' wood there kid?
[14:50] {dino} lol
01[14:51] {Threei} Long Setup:  GLD  .30 break hl
01[14:51] {Threei}  If holds  .20
01[14:52] {Threei}  LVS baby
01[14:52] {Threei}  1:2
01[14:52] {Threei}  Invalidated  GLD
01[14:52] {Threei}  fpr now
[14:52] {Les} c covered .51
[14:52] {Les} lvs partial 1:2
01[14:52] {Threei}  wtg
[14:53] {Les} ty
[14:54] {backman} followed your earlier comment re: JPM weakness...after I dumped my long....flipped it short :=)
01[14:54] {Threei} Long Setup:  GLD  141 break hl
01[14:54] {Threei}  If holds  .90
01[14:55] {Threei}  good one bman :)
01[14:56] {Threei}  what pulled rug from under the market
[14:56] {nemo} could get a bounce here
01[14:56] {Threei}  bounce time GLD, wake up
01[14:57] {Threei}  nope
01[14:58] {Threei}  wow
01[14:58] {Threei}  what the deuce
[14:58] {jdetente} seriously
[14:58] {jdetente} weird day
[14:58] {nemo} article saying Bennie gonna' take the foot off the pedal
01[14:59] {Threei}  as if anyone knows
[14:59] {nemo} know shit
[15:00] {nemo} no pun intended
[15:00] {Les} LVS covered +.37
01[15:00] {Threei}  my belief is, yes, sooner or later for this or that reason they will have to do that,
01[15:00] {Threei}  and all hell will break loose,
01[15:00] {Threei}  but the timing is up to anyone
[15:01] {Les} god wu wei is so important sometimes. so tempted to reign in these trades for scalp and BAM! they work
01[15:01] {Threei}  closed LVS at 1:3 btw
01[15:01] {Threei}  look at the chart
01[15:01] {Threei}  if that's not a calssic
01[15:01] {Threei}  our short entry I mean
[15:01] {nemo} ay calassic?
06[15:02] * Threei slaps nemo around a bit with a dictionary of Threeiish
[15:03] {nemo} now those are big boy bars in SPY
[15:04] {Les} TNA back to 46 for a potential DB
01[15:06] {Threei}  http://goo.gl/5rZ4L
[15:06] {nemo} what chart that in?
[15:06] {nemo} program that is
[15:12] {Les} Uncle Buck ruining everyone's day. no news?
[15:13] {nemo} mmmmmhhhh....had the same thought about you
01[15:13] {Threei}  rofl
01[15:13] {Threei}  no, USD strength was noted from the morning
01[15:14] {Threei}  but I will beg to differ about tuining EVERYONE's day
[15:14] {nemo} you talking about the $ or Les?
01[15:14] {Threei}  I for one can't waith till this slow creep-ip crap is over, and we crash
[15:14] {nemo} yeah, and hopefully I'm short
[15:16] {Les} hehe not bad bunny boy
[15:17] {Les} yeh surviving the grind without burning myself, being ready for the blood is the goal
[15:18] {nemo} lotsa futures buying going on
[15:19] {nemo} trying to get this thing back up
01[15:19] {Threei}  they will
01[15:19] {Threei}  bull market is far from over
[15:19] {nemo} methinks 2
01[15:19] {Threei}  these drops are just testing of the watwer
01[15:20] {Threei}  luring in suckers that think they need to be short before the actual reverrsal
[15:20] {nemo} yeah, they'll hold this up through op ex, then see what happens
01[15:20] {Threei}  killing them by new highs
[15:21] {dptl} Vad, you still using old version of laser?
01[15:21] {Threei}  yes
01[15:22] {Threei}  what they don't get is,
01[15:22] {Threei}  Fed is not going to change the policy willy-nilly
01[15:22] {Threei}  they will do that only when pressed in the corner
01[15:22] {Threei}  or when political climate changes
01[15:22] {Threei}  and different ideology comes to rule the day
01[15:23] {Threei}  who wrote that article nemo? I missed it
[15:26] {nemo} not sure
01[15:28] {Threei}  GLD bounce hasn't really offered clear entry chance
[15:33] {Alexs} gdx l. 30?
01[15:33] {Threei}  yes, but let's do half lot
[15:33] {nemo} need consolidation, you're lat to the party
[15:33] {nemo} late
01[15:33] {Threei}  still
01[15:34] {Threei}  eod should bring sme covering
[15:34] {nemo} 30.15 then .30.25 possible
[15:34] {nemo} indexes in short setups though
01[15:37] {Threei}  well, GDX acted for a long while as a hedge to SPY
01[15:37] {Threei}  not today though
01[15:37] {Threei}  so it's kind of hard to judge to which degree we can use index as a leader
[15:37] {nemo} which index?
01[15:38] {Threei}  SPY
[15:38] {nemo} I look at spy finnies and iwm
01[15:38] {Threei}  you must have too many eyes
[15:48] {dino} gn all
01[15:48] {Threei}  take care dino
[15:50] {dptl} gn all see ya tomorrow
01[15:51] {Threei}  you too dp
01[15:52] {Threei}  meh
01[15:52] {Threei}  Ok guys, thank yiu all
[15:53] {jdetente} have a good one.
01[15:53] {Threei}  have a good evening, see you tomorrow
[15:53] {Alexs} ty see you tomorrow