July 19 2013

Another teeth-pulling day ending teeth-pulling week. Slow climb and low volume make good trading environment not. First morning trades while there is some volatility is about all we get.

Session Time: Fri Jul 19 00:00:00 2013
[09:06] {dino} gm
01[09:06] {&Threei}  morning dino
[09:06] {nemo} do you have to do that?
[09:08] {nemo} GOOG being bought right back up...
01[09:08] {&Threei}  somwe call it "civility..." look it up
[09:08] {nemo} msft on the other hand...
01[09:09] {&Threei}  different views on those
01[09:09] {&Threei}  MSFT is seen as declining business, not capable to reinbvent themselves, focusing on "me too" prodicts like Surface
01[09:10] {&Threei}  GOOG is seen as investing in the future rather than having a bad q
[09:10] {nemo} spy half usual pre market volume
[09:11] {nemo} I'm looking at it from more of a technical point of view...bought back up....bull market
[09:11] {nemo} MSFT going the way of Detroit
[09:11] {nemo} was that too harsh?
01[09:11] {&Threei}  feels that way
01[09:11] {&Threei}  no
01[09:11] {&Threei}  MSFT needs real course change
[09:12] {nemo} saw interesting stat on Detroit...has lost 60% of population, only cut 40% of municipal work force
[09:12] {dino} that answers alot
[09:13] {nemo} was watching the bear cam last night..mama came in with 3 little cubs...so cute
[09:14] {nemo} Was thinking of spy short in the premarket, setup was there, but you just need one asshole to throw a brick in that volume
[09:15] {nemo} nice setup around 7:30
[09:16] {nemo} anybody for playing a 168 bounce...where's 0 of 9?
[09:17] {nemo} this op ex week?
[09:17] {nemo} should be
[09:17] {RonS} today
[09:18] {bbobr} gm
01[09:18] {&Threei}  ron, bbobr :)
[09:19] {nemo} interestingly S1 daily on spy is 168.29  see where support was between 8:30 and 9:10
[09:25] {Alexs} gm
[09:25] {ese} here we are again
01[09:25] {&Threei}  slex, ese :)
01[09:26] {&Threei}  feels like whole gap down thing is nothing more that a trap for bears
01[09:26] {&Threei}  than
[09:26] {cipher} gm
01[09:26] {&Threei}  cpher :)
01[09:27] {&Threei}  GOOG miss is no biggie, Detroit bankruptcy is news only for those who never paid attention
01[09:28] {&Threei}  and MSFT less and less seen as real flagship
01[09:33] {&Threei} Long Setup:  TZA  .40 break
01[09:33] {&Threei}  If holds  .35
01[09:35] {&Threei}  1:1
[09:41] {robbers} Out, good call, thanks.
01[09:41] {&Threei}  :)
[09:44] {dino} athn drop
[09:48] {Alexs} you still in TZA or time to quit Vad?
01[09:49] {&Threei}  half in still
[09:49] {Alexs} k
01[09:49] {&Threei}  either double-tops here or breaks out
01[09:49] {&Threei}  rather than guess which it is I'll let market tell me
01[09:51] {&Threei}  1/4 more out
01[09:51] {&Threei}  stop to .44
[09:55] {nemo} looking for tlt short in .70 area
[09:55] {+cc_9} good late morning :D
01[09:55] {&Threei}  cc9 :)
[09:59] {nemo} wow $.32 opening range in spy
[09:59] {nemo} get desk pillow ready
[09:59] {nemo} tape chin
[10:00] {dino} ocrx sm s .73
[10:04] {dino} rga hl l .48
01[10:06] {&Threei} Long Setup:  LVS  .06 break
01[10:06] {&Threei}  If holds  56
[10:08] {dino} cov orcx .70, +1.03
01[10:10] {&Threei}  wtg
[10:13] {dino} ty
01[10:14] {&Threei} Long Setup:  GDX  .30 break
01[10:14] {&Threei}  If holds  .25
[10:17] {nemo} dino, pay attention to onxx
[10:17] {nemo} I think QQQ is a short to .35
[10:19] {dino} ok
[10:19] {nemo} look at daily
[10:19] {dino} out rga .72, +.24
[10:20] {nemo} mom and cubs:  http://explore.org/#!/live-cams/player/brown-bear-salmon-cam-lower-river
01[10:20] {&Threei}  half out
01[10:20] {&Threei}  close enough to 1:1
01[10:20] {&Threei}  1:1 now, trail stop
[10:22] {cipher} ONXX good one nemo
01[10:22] {&Threei}  Michigan Gov. Rick Snyder says he's not sure if some Detroit creditors will ever be paid
01[10:23] {&Threei}  why... I am sure they won't
[10:23] {nemo} oh sorry Cipher, you've been sooo quiet, this is a good one for you too
[10:23] {cipher} :)
01[10:23] {&Threei}  it's like my favorite dialog between Al Bundy and his neighbor
01[10:24] {&Threei}  Al: I'll never replay you for this
[10:24] {cipher} concentrating on good trading
[10:24] {nemo} np, I just forget you're here
01[10:24] {&Threei}  Neighbor: oh, that's fine, you could always...
[10:24] {dino} cyh hl l .01
01[10:24] {&Threei}  Al: which part of "I'll never repay you" don't you understand?
01[10:28] {&Threei}  Gov. Quinn signs legislation that will help Illinois businesses owned by minority women
01[10:28] {&Threei}  really?
[10:29] {nemo} onxx interesting candle
[10:33] {dino} out chy .33, +.32
[10:34] {ese} good one dino
[10:35] {dino} ty, that 43.00 area strong support, bracket trade
[10:35] {dino} yrcw wants july 1 gap fill imo
[10:35] {ese} still took it awhile.....would have been like pulling teeth
[10:39] {nemo} GE missed on revenue and look how much it's up
[10:40] {nemo} can you say "bull market"
[10:41] {dino} ycrw gap fill
[10:41] {dino} hl l .88
[10:47] {nemo} msft at bottom of range if bored
[10:48] {nemo} ebay bear flag
[10:48] {nemo} right at 200 day though
01[10:48] {&Threei} Short Setup: GLD  125 break hl
[10:49] {dino} ebay gap 52.40s
01[10:56] {&Threei}  1:1
[10:58] {dino} out ycrw .58, +.70
01[11:00] {&Threei}  nice rug pull from under GLD
01[11:07] {&Threei} Long Setup:  IWM  .20 break
01[11:07] {&Threei}  If holds  .15
01[11:10] {&Threei}  half out
01[11:10] {&Threei}  1:1
[11:16] {nemo} URI
[11:17] {nemo} it's had a couple of volume runs, can't get higher
[11:18] {nemo} it drops low, should be good to the whole
[11:19] {nemo} two way probably
[11:20] {nemo} .25 and .35 respective triggers and stops
[11:29] {nemo} lulu looks like breakout
01[11:48] {&Threei} Long Setup:  GLD  .20 break
01[11:48] {&Threei}  If holds  .15
[11:48] {dino} che lod
01[11:52] {&Threei}  no go
01[11:59] {&Threei}  (EU) Germany Fin Min Schaeuble: Germany is not trying to make Europe like germany
[12:01] {nemo} TRIP drip
[12:02] {dino} they are trying to make them dis-like germany
[12:03] {nemo} time of day, but PNC lower high at moment
[12:03] {nemo} got that short look below 77
[12:07] {nemo} nope
01[12:14] {&Threei}  (G20) Final Communique: Accomodative policies including QE programs have provided support; there are risks to extended periods of accomodative policies- Calls for expedient European banking union formation
01[12:14] {&Threei}  EU just can't die with dignity
01[12:15] {&Threei}  meanwhile, there are very detailed insturctions how tio do just that
01[12:15] {&Threei}  1) Put your hand on your dignity. 2) Die
01[12:28] {&Threei}  sigh... I miss Will
[12:28] {nemo} http://bit.ly/15Rw1xw
[12:28] {dino} sm l che .32
[12:31] {nemo} mmhhhh spy volume not bad considering the day
[12:32] {ese} ya know......i'm doin nothin........i'll see you all monday.....have a good weekend eh!
[12:32] {nemo} PNC again
[12:33] {dino} out che .82, +.50
[12:34] {dino} wrld spike
[12:44] {dino} wow wrld
01[12:46] {&Threei}  World Acceptance Corp Files amended annual report including restated items
[12:50] {dino} missed the drop on it
[12:51] {nemo}  frickin' ebay
[12:57] {nemo} when you're regular charts look like midday freestockcharts, then you know it's slow
[12:57] {nemo} http://explore.org/#!/live-cams/player/brown-bear-salmon-cam-brooks-falls
[12:57] {nemo} bear cubs again
01[13:05] {&Threei} Long Setup:  EBAY  .75 break
01[13:06] {&Threei}  If holds  .70  or .65... both are valid
[13:07] {dino} wrld spikes again
[13:08] {Alexs} what's the target on ebay?
01[13:09] {&Threei}  1:2
[13:09] {Alexs} k
[13:10] {nemo} those last few candles might make this a two sided play
01[13:19] {&Threei}  (US) US VP Biden: Officials are getting briefed regarding the Detroit bankruptcy; unclear at this time whether the Federal Govt will provide assistance
[13:19] {nemo} that city has been going down the shithole for 40 years and never got their house in order and now they want a bailout
[13:20] {RonS} -60% population since 1950...what happens w/ Dem reservation
01[13:22] {&Threei}  VP Biden: but General Motors is alive!
[13:23] {dino} well obummer claimed in campaign that he sved detroit
[13:23] {dino} saved
[13:24] {nemo} look .60 bid ebay
[13:24] {nemo} .69
[13:27] {Alexs} are you stillin the trade Vad?
[13:27] {nemo} where was the stop Alex?
[13:28] {Alexs} .64
[13:28] {nemo} .70 or .65, you see that big bid I pointed out at .69?
01[13:28] {&Threei}  yes
01[13:29] {&Threei}  SPY drop is killing it
[13:29] {nemo} talking to Alex, when you see that much volume packed at a level, consider it a trap door or springboard.  In this face, it eats up that volume on the downside, GTFO!
[13:30] {nemo} face=case
[13:30] {Alexs} ok thanks
[13:31] {nemo} ahhh, SPY volume really dropped off over the last hour
[13:34] {nemo} IWM looks like rebate trading
01[13:35] {&Threei}  so far so good, higher low... need to retake .75 and then break .80 to make this one work nicely
[13:43] {Alexs} does it make sence to take a stop if it brakes .70 again?
01[13:46] {&Threei}  I'd do it this way: let's trail to .69 after it takes .75
[13:46] {Alexs} k
[13:47] {nemo} yeah, at 69 you have to turn around anyway
01[13:47] {&Threei}  lol
[14:05] {nemo} can't have another red day
01[14:20] {&Threei}  US Sec. of State Kerry: Agreement reached 'establishing basis' for Mideast peace talks, but not finalized
01[14:20] {&Threei}  doesn't it pretty much describe last 20 years?
[14:21] {nemo} Egypt still owes reparations to the Jews
01[14:22] {&Threei}  SEC Charges Steven A. Cohen For Failing to Supervise Portfolio Managers and Prevent Insider Trading
01[14:22] {&Threei}  wow
[14:22] {robbers} They're deciding on shape of table...everyone except Israel wants a circular table, Israel wants it to be shaped in the star of David.
01[14:23] {&Threei}  makes sense
[14:36] {dino} che drop
[14:36] {dino} cyh too
01[15:22] {&Threei} Long Setup:  IWM  .25 break
01[15:22] {&Threei}  If holds  .20
01[15:27] {&Threei} Short Setup: EBAY  .35 break
01[15:27] {&Threei}  If holds  .40
01[15:29] {&Threei}  (PT) Portugal opposition Socialist party leader Seguro: Social democrats party blocked the salvation agreement; socialists are fighting to preserve pensions- President needs to make a decision on next steps - Need a renegotiation on the bailout
[15:31] {Alexs} IWM still valid?
01[15:31] {&Threei}  yes
01[15:31] {&Threei}  never lost .20
[15:32] {Alexs} ok
01[15:32] {&Threei}  EBAY on the other hand... I think let's scratch it
01[15:33] {&Threei}  didn't invalidate or hit the stop but doesn't look and feel right
01[15:33] {&Threei}  out flat
[15:33] {Alexs} k
01[15:33] {&Threei}  .35
01[15:34] {&Threei}  with little patience could've scalped 2 cents
01[15:34] {&Threei}  lol
01[15:39] {&Threei}  4 actually
01[15:39] {&Threei}  ok IWM... your time to shine
01[15:39] {&Threei}  by moving another cent or two
[15:40] {Alexs} lol
01[15:40] {&Threei}  ugh EBAY
01[15:40] {&Threei}  could have had 5 cents
[15:40] {Alexs} SoMG
01[15:41] {&Threei}  and horrible tax problem
01[15:41] {&Threei}  IWM might get blisters on its skin with this speed
[15:41] {nemo} looks like they want to close it above 169 get another closing high
[15:41] {nemo} big spy volume
01[15:42] {&Threei}  wow, another cent... we might get 5-6 cents profit this, yes I said THIS century
01[15:43] {&Threei}  Judge: Detroit bankruptcy filing violates state Constitution, must be withdrawn
[15:44] {dino} sks spike
[15:44] {nemo} feels like a spike coming
[15:45] {dino} damn can't borrow sks
01[15:45] {&Threei}  sheesh... EBAY 1:1
01[15:45] {&Threei}  misjudged it
[15:52] {dino} calling it a week, thx all
[15:52] {robbers} Watching IWM is like a bladder control seminar.
01[15:52] {&Threei}  no kidding
[15:53] {nemo} today anyway...next week should be range expansion and big rips higher
01[15:53] {&Threei}  but last spike just has to occur
[15:53] {nemo} hate to say this but I have a negative divergence on iwm, I just can't believe it will go lower
01[15:54] {&Threei}  ok... time's running out
01[15:54] {&Threei}  scratching this one too
01[15:54] {&Threei}  teeth-pilling week
01[15:54] {&Threei}  pulling
[15:55] {nemo} wow it did drop
01[15:55] {&Threei}  whole 3 cents
[15:55] {nemo} yeah
01[15:55] {&Threei}  and recovered 2
01[15:55] {&Threei}  lol
01[15:58] {&Threei}  frikin EBAY
01[15:58] {&Threei}  k guys, have a great weekend
01[15:58] {&Threei}  see you Monday
[16:02] {bbobr} gn all

July 18 2103

Slightly positive day, not much to do... but some missed earnings by flagships might provide some sparks for tomorrow.


Session Time: Thu Jul 18 00:00:00 2013
[09:10] {cipher} gm
01[09:10] {&Threei}  morning cipher
[09:14] {dino} gm
01[09:14] {&Threei}  dino :)
[09:15] {RonS} guten morgen Captain
01[09:16] {&Threei}  ron :)
[09:17] {RonS} lol...just thinking that Nemo is always on a guten-free diet...
01[09:17] {&Threei}  meaning, paleo?
[09:19] {RonS} guten means good and rhymes w/ gluten kind of...
01[09:19] {&Threei}  lol
[09:19] {RonS} shw murdered on poor guidance and Mexican acquisition turndown
[09:25] {ese} gm
01[09:25] {&Threei}  ese :)
01[09:25] {&Threei}  PM also might be interesting
[09:25] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {ese} A
01[09:26] {&Threei}  world quits smoking en masse
[09:26] {ese} lol
01[09:27] {&Threei}  Q2 Cigarette volume decline of 3.9% was due principally to lower industry volume in the EU Region, Russia, Turkey and the Philippines
01[09:29] {&Threei}  SHW... quite a haircut... closer to beheading
[09:30] {thomcbell} looking for xone short setup here
[09:30] {thomcbell} and tsla
01[09:31] {&Threei} Short Setup: GDX  .15 break
01[09:31] {&Threei}  If holds  .20
[09:31] {thomcbell} short small xone 63.50ish
01[09:33] {&Threei}  lol... labor unions unite against health care act
01[09:33] {&Threei}  good job on that one, Obama
[09:33] {+cc_9} morning folks
[09:33] {+cc_9} starting day with some SNDK long
01[09:33] {&Threei}  cc9 :)
[09:34] {thomcbell} flat xone 62.50 ish
[09:34] {thomcbell} jeez
[09:34] {thomcbell} cover tsla too if anyone did it around 122
01[09:35] {&Threei} Long Setup:  FB  .60 break
01[09:35] {&Threei}  If holds  .55
01[09:35] {&Threei}  Invalidated  GDX
01[09:35] {&Threei}  FB, looking for another trigger
[09:37] {dino} ocrx sm s .15\
[09:38] {dino} gappy sucker
01[09:38] {&Threei} Long Setup:  FB  .35 break
01[09:38] {&Threei}  If holds  .30
[09:40] {thomcbell} wow tsla
01[09:40] {&Threei}  come on FB, take .40 and run
[09:41] {+cc_9} SNDK dumping on stelllar report...go figure
01[09:41] {&Threei}  (IE) European Union exec notes that there is solid progress ongoing between Troika and Ireland on funding via ESM or 'private solution' - comments post IMF 11th review
[09:41] {+cc_9} scaling the drop, looking for reversal back over $61 - $61.50
01[09:41] {&Threei}  solid progress after 11th review
[09:44] {+cc_9} SNDK jeez...might as well have reported a loss
01[09:45] {&Threei}  two-three more successful quarterly reports, and SNDK trades on pink sheets {G}
01[09:45] {&Threei}  finally FB
01[09:45] {&Threei}  1:1
01[09:45] {&Threei}  take first partial
01[09:46] {&Threei}  stop to .34
[09:46] {RonS} took fb +.13 thanks 3i
[09:46] {nemo} sheesh, market almost not trading
01[09:47] {&Threei}  yw
[09:47] {+cc_9} SNDK itty bitty bounce, nothing major
01[09:50] {&Threei} Long Setup:  IWM  104 break
01[09:50] {&Threei}  If holds  .95
[09:52] {nemo} numbers pause
[09:53] {+cc_9} SNDK gap after hours to 63.50+, currently sitting below $60.00
01[09:53] {&Threei}  Phil Fed at 10
[09:53] {+cc_9} looking for a bounce to $61
[09:53] {RonS} ben speech bottom of hour...guy has morphed into the O
[09:54] {nemo} don't think that speech will move anything, other than me to the bathroom
[09:54] {thomcbell} sndk looking better
[09:54] {dino} lol
[09:54] {+cc_9} SNDK big seller $60.00
01[09:54] {&Threei}  he works on his legacy now
[09:54] {+cc_9} looking to clear that
[09:54] {thomcbell} 60 break
[09:54] {RonS} classic Icahn on Fast interview at nyc conf
01[09:55] {&Threei}  meh IWM
[09:55] {+cc_9} 60 wall nuts
[09:55] {nemo} sure they're not cashews?
[09:55] {+cc_9} L2 literally froze at 60 ask
[09:55] {RonS} "...changed my mind on Ackman...anyone who make me $250 mil I like..."
[09:55] {RonS} makes
[09:55] {nemo} look at the hidden orders, holy shit
01[09:55] {&Threei}  lol
[09:56] {ese} how do you get hidden orders nemo?
[09:56] {ese} or is that just level 2
[09:56] {nemo} look at LII  se how few orders there are at 60 and how much volume being done there?
[09:57] {+cc_9} SNDK 60 offer thinning
[09:57] {nemo} lotta' orders not visible
[09:57] {+cc_9} ugh...who the hell is sitting at 60
[09:57] {dino} wtf ocrx
[09:57] {nemo} Ackman?
[09:57] {thomcbell} 60.01 long break
[09:57] {RonS} ese, hidden 'cause you see an auto-refill at a price...
[09:57] {nemo} you probably won't get it when it breaks, might want to set it for .05
[09:57] {nemo} see
[09:57] {+cc_9} 60 broke SNDK
[09:57] {+cc_9} phew
[09:58] {ese} ok that makes sense ron
[09:58] {thomcbell} sndk 1:4
[09:58] {thomcbell} in 1 min
[09:58] {nemo} did you get it thom?
[09:58] {ese} I understand that bokers have a level 3 which shows that
[09:58] {+cc_9} SNDK looking for a 60.60 break
[09:58] {thomcbell} i cheated bought some at 60 before the break
[09:58] {ese} gives them a leg up
[09:59] {nemo} only way you would have gotten it
[09:59] {ese} good job with sndk ladies and gents
[09:59] {thomcbell} i liked the firmness for those 3-4 min
[10:00] {nemo} and how they feel when you sqeeze them
01[10:00] {&Threei}  *(US) JULY PHILADELPHIA FED: 19.8 V 8.0E
[10:00] {nemo} finnies lining up at the starting gate
01[10:00] {&Threei}  *(US) JUN LEADING INDICATORS: 0.0% V 0.3%E
[10:01] {+cc_9} consolidation SNDK, looking for second power leg up, ill keep you guys posted on how many invisible orders i see
[10:01] {nemo} dino, how many dead people?
01[10:01] {&Threei} Long Setup:  TZA  .45 break
[10:01] {RonS} Icahn on being informed Ackman not at conference because at CP board meeting:  "if that guy is actually running the railroad, I don't want to ride on it"
01[10:01] {&Threei}  If holds  .40
[10:02] {ese} L fslr .19
[10:03] {+cc_9} setting up some sells on SNDK .52 and .57
[10:04] {+cc_9} lets see some .40s bid and should be good
[10:04] {thomcbell} xone looking for a setup short
01[10:05] {&Threei}  71% surveyed firms reported minimal or no changes related to the ACA. But 11% indicated there has been more outsourcing of work, and 6% indicated shifts from full-time to part-time workers attributable to the ACA. With regard to future workforce changes, 18% of firms indicated they would outsource more work over the next year, and 8% indicated they would substitute part-time workers for full-time workers.
[10:07] {+cc_9} Anyone still in SNDK ?
[10:07] {dino} nus crazy
[10:08] {dino} ocrx sm s .75
01[10:08] {&Threei}  FB 1:2
01[10:08] {&Threei}  took its sweet time but...
01[10:09] {&Threei}  with slim pickings all around, squeezing all I can out of those that work
[10:10] {dino} you evil speculator
[10:10] {ese} lol
[10:10] {Alexs} iwm rinse
01[10:10] {&Threei}  IWM is SoMG
[10:15] {nemo} grtind up
[10:20] {+cc_9} SNDK no follow through on that first bounce...back below $60.00 *yawn*
01[10:24] {&Threei} Short Setup: GLD  .95 break hl
01[10:24] {&Threei}  If holds  .05
01[10:25] {&Threei}  1:1
[10:25] {nemo} trend day up
[10:26] {+cc_9} SNDK back to session lows, going in again
[10:28] {+cc_9} that was easy
[10:28] {nemo} money coming out of bonds
[10:29] {+cc_9} Lets see if we get another wall of China at $60.00 again (SNDK)
[10:30] {+cc_9} $60 back @ offer SNDK
[10:31] {+cc_9} wall @ 60 confirmed x 2
[10:32] {+cc_9} $60 again @ offer, this is getting intense
[10:36] {thomcbell} if we get tight congestion on it with 0.07 cent range or so i will cheat again on the 60.01 break
[10:37] {nemo} probabl shouldn't have to this time
[10:37] {+cc_9} big selling @ $60.00 again
[10:37] {+cc_9} 130k so far 1min
[10:38] {+cc_9} as thin as the L2 looks when we get $60.00 offer, someone just keeps on piling on block after block
[10:41] {+cc_9} Lowe highs so far, lows unchanged, but not breaking that wall is dangerous water for another triple bottom test
[10:42] {+cc_9} here we go again, .90s on deck
[10:44] {thomcbell} sndk nothing there
[10:44] {thomcbell} as far as conventional setup
[10:47] {+cc_9} At this point its both a fundamental and technical play
[10:47] {+cc_9} For the quarter ended June 30 (Q2), SanDisk beat expectations on revenues and crushed expectations on earnings per share.
[10:48] {+cc_9} and its up $0.30 on that ... laughable, especially given the high on the gap after hours yesterday of near $64
[10:48] {nemo} so Europe is taking used cars as collateral for loans...marked to market, so they're doing with cars what we did with houses during the delerium, wtf
01[10:48] {&Threei} Long Setup:  PM  .50 break small shares
01[10:49] {&Threei}  If holds  .40
01[10:49] {&Threei}  yeah right
01[10:49] {&Threei}  good luck getting that fill
[10:49] {+cc_9} what fill ?
[10:50] {+cc_9} im only looking for $60.50 on SNDK
[10:50] {+cc_9} herer we go, $60.00 on deck again
01[10:50] {&Threei}  nemo... whole EU is wtf, how do you decide to focus on this particular one {G}
[10:50] {nemo} that's what came out most recently
01[10:50] {&Threei}  whatcha talkin' about, cc9... I am about PM
[10:50] {+cc_9} "tear down that wall mr gorbachev"
[10:50] {nemo} it's the daily EUWTF
[10:51] {+cc_9} when talking about SNDK
[10:51] {nemo} I remember when the Wall fell.  My uncle gets a huge crate delivered to the house.  One of his colleagues shipped him about 200 llbs of the Wall from Berlin
[10:52] {+cc_9} I want to remember when SNDK $60.00 wall falls
[10:52] {+cc_9} so i can get about 200 in P&L
01[10:53] {&Threei} Short Setup: GDX  .05 break
[10:53] {+cc_9} breaking $60.00 wall
01[10:53] {&Threei}  If holds  .10
[10:53] {RonS} unreal...how about asking NSA...aren't they part of the same government?: U.S. investigators want to hear from Google and Microsoft about data they've given the NSA
[10:53] {ese} out 1/2 fslr .64 +.45 700 to go
[10:53] {nemo} hate these days
01[10:53] {&Threei}  that's a doozie ron
[10:53] {ese} in contrast......have now nailed fslr for a couple of days in a row
[10:54] {+cc_9} SNDK needs follow-through, not a slowdown in early $60.0s, Jeez
[10:54] {+cc_9} ugh...
01[10:55] {&Threei}  Invalidated
[10:55] {+cc_9} this is a big farce
[10:56] {+cc_9} print $60.10 then print $59.85
[10:56] {nemo} finnies and SPY through R3, IWM just about there
[10:58] {+cc_9} higher lows 2min SNDK
[10:58] {+cc_9} confirmation on $60.20 break
[11:02] {RonS} ba volatility over news Heathrow fire due to HON transmitter
[11:05] {+cc_9} SNDK seesaw, back to $60
[11:05] {+cc_9} some volume now at last
[11:05] {nemo} looks like they're starting to buy up ebay
01[11:06] {&Threei}  HON UK Air Accidents Investigation Branch (AAIB) recommends temporarily shutting down all Honeywell ELT units aboard 787s
[11:08] {ese} out full fslr .91 +.72
[11:08] {+cc_9} Good eye on EBAY nemo, some volume there too
[11:09] {+cc_9} highest since the open
[11:09] {RonS} gj ese
[11:10] {+cc_9} SNDK almost feels like someone is working hard to keep it at $60, no more no less
[11:11] {ese} tks ron........that'll just about do it for me today.....i'm sure the rest of this day will be like watching tooth decay
[11:11] {nemo} that's a good nick for Les
[11:12] {ese} lol
[11:13] {+cc_9} lotta buys 60.05 SNDK
01[11:13] {&Threei} Short Setup: PM  .45 break sm sh
[11:14] {+cc_9} offer thin
[11:14] {+cc_9} 20x1
[11:14] {nemo} visually thin
01[11:14] {&Threei} Short Setup: .60
[11:14] {+cc_9} unreal lol
01[11:14] {&Threei}  If holds  .60
[11:14] {+cc_9} 20/17/13 bid vs 2/1/1 offer, bid still drops
01[11:15] {&Threei}  since when Level 2 is directional tool...
[11:18] {+cc_9} since never
[11:18] {+cc_9} bids get pulled etc...
[11:18] {+cc_9} im watching paint dry here on SNDK, so im just making comments about the color
[11:19] {nemo} finnies at trend
[11:20] {nemo} see what happens when Europe closes
[11:21] {dino} last try ocrx sm s .20
[11:22] {dino} utek sm l .98
[11:23] {RonS} 17 or 16...
[11:24] {+cc_9} how many of these fools are going to continue thanking Bernanke for his "service" each time he opens his mouth
[11:24] {+cc_9} absolutely disgusting
01[11:24] {&Threei}  he is their saviour
01[11:24] {&Threei} Short Setup: GLD  .20 break
01[11:24] {&Threei}  If holds  .25
[11:25] {dino} 17 ron
[11:25] {nemo} that's politics...bread & circus at Potemkin Village
[11:25] {nemo} talk about mixing metaphors
[11:25] {nemo} think I'll watch the bears in the river
01[11:26] {&Threei}  making wine out of bread in the circus at Potemkin Village
01[11:26] {&Threei}  there... beat that
[11:26] {dino} what the hell are you guys babbling about?
01[11:27] {&Threei}  good question dino
[11:29] {ese} was wondering that myself dino
[11:35] {+cc_9} my SNDK consolation is that someone bot after hours yesterday over $63.00
01[11:35] {&Threei}  look at your TV screen with O on it to get what we were talking about
01[11:37] {&Threei}  half out GLD
01[11:37] {&Threei}  stop is still .26 though
01[11:37] {&Threei}  .21 now
[11:38] {RonS} gpc gone pulp
01[11:38] {&Threei}  1:2
01[11:39] {&Threei}  out in full
01[11:40] {&Threei}  +.25
[11:40] {+cc_9} nice 1
[11:47] {+cc_9} If any of you guys sees FADF on the T&S on SNDK for example
[11:47] {+cc_9} that stands for "Finra Alternative Display Facility", which could very well be darkpool prints reporting
[11:48] {+cc_9} and time to get paid SNDK
[11:48] {RonS} should I be afraid?
[11:49] {+cc_9} its ok, ill hold you
[11:50] {RonS} now I'm scared to death...
01[11:51] {&Threei}  lol
[11:52] {+cc_9} scaling out SNDK
[11:52] {+cc_9} got blocks in .41 and .44
[11:59] {dino} utek last try sm l .89
[12:01] {+cc_9} all out SNDK
[12:01] {+cc_9} patience paid off
[12:01] {+cc_9} killed it
[12:17] {ese} L fslr .39
[12:17] {nemo} mpc intereting chart
[12:18] {nemo} three times tried to break .90 got slammed down
[12:20] {dino} out utek .22, +.33
[12:20] {nemo} X
[12:21] {nemo} PNC
[12:25] {dino} cov ocrx .61, +2.59
[12:27] {RonS} wow gj
[12:27] {dino} ty
01[12:28] {&Threei}  wtg
[12:30] {+cc_9} SNDK trade P&L }}} http://img827.imageshack.us/img827/5293/lvrn.jpg
[12:31] {+cc_9} Calling it a day
[12:36] {RonS} w/ cc and les gone will need something to do:  http://www.youtube.com/watch?v=xe4qk7Mijlo
[12:41] {nemo} mpc possible short here
[12:41] {nemo} stop above .85  drop of .80
01[12:48] {&Threei} Short Setup: LVS  .70 break hl
[12:51] {Alexs} what stop LVS?
01[12:51] {&Threei}  If holds  .80
[12:52] {nemo} oxy
[12:52] {nemo} holds 91 break of .05
[12:56] {_diamantnir} l
[12:56] {nemo} oh sorry, yes
[12:57] {nemo} but below 91 would be .95
01[13:01] {&Threei}  LVS... that was a fade time... mea culpa
[13:01] {Alexs} you out?
01[13:02] {&Threei}  not yet
01[13:02] {&Threei}  but had we faded it, we woul be taking profit already
01[13:03] {&Threei}  out
[13:04] {RonS} oh Canada, eh 3i?:  Cold showers expose budget pinch as Ukraine coffers run dry | http://bloom.bg/17n6Ge5
[13:05] {nemo} X two way
[13:06] {nemo} rebate trading, though
[13:07] {RonS} xxx 3 way...reprobate trading though
01[13:08] {&Threei}  lol
[13:13] {RonS} wow lvs 19 day high and yest was a Macau govt report saying upcoming q gaming revenue will be down...
[13:14] {ese} gamblers feeling the pinch.......do tell
[13:15] {+cc_9} http://www.telegraph.co.uk/news/worldnews/northamerica/usa/10185484/PayPal-accidentally-turns-US-man-into-multi-quadrillionaire.html
[13:15] {+cc_9} top LOL
[13:15] {+cc_9} "A US man opened his June email statement from PayPal to find his account had been credited with $92 quadrillion, making him by far the richest man in the world."
01[13:16] {&Threei}  man: just let me keep .00001%, is it too much to ask?
[13:16] {ese} he should have spent it right away
[13:16] {nemo} indexes looking precarious
[13:19] {RonS} ese, rkus
[13:19] {ese} tks ron
[13:35] {RonS} vips gone pulp
01[13:44] {&Threei} Short Setup: LVS  56 break
01[13:44] {&Threei}  hl
01[13:44] {&Threei}  If holds  .10
[13:53] {nemo} you like HFC short here Vad?
01[13:54] {&Threei}  worth trying, yeah
[13:55] {nemo} think two ways to play, short resistance at .30 with stop above .40, or short .20 if stays under .30
[13:55] {nemo} your preference likely the latter
01[13:56] {&Threei}  not really, I'd prefer former
[13:56] {nemo} I sit corrected
[13:57] {nemo} fade the breakout?
[13:57] {bbobr} isn't it in uptrend in all possible time frames ?   LVS
[13:57] {nemo} Vad's a fader
01[13:57] {&Threei}  it was a double top on 1 min
[13:58] {nemo} .25 next possible short level
01[13:58] {&Threei}  with clean lower high
[13:58] {nemo} LVS
01[13:58] {&Threei}  and tail, and BB
01[13:58] {&Threei}  one of the most reliable reversal setups
01[13:59] {&Threei}  and look at daily - isn't it hitting upper envelop of descending channel?
[13:59] {nemo} hasn't quite closed the gap though
[14:05] {nemo} .25-.37 area important LVS
[14:12] {nemo} bingo
[14:12] {nemo} if it holds .10 might go for the gap fill today
[14:26] {+cc_9} SNDK 61.80, jesus christ, where is my money
01[14:31] {&Threei} Short Setup: LVS  .25 break
01[14:31] {&Threei}  If holds  .30
[14:32] {Alexs} perseverance is good :)
01[14:33] {&Threei}  decent setup, very narrow stop...
01[14:34] {&Threei}  as this thing climbes it becomes more and more lucrative target
01[14:34] {&Threei}  and there is not much else out there'
[14:40] {bbobr} I'm confused, but trying to understand that approach .......not even hitting real resistance ?
01[14:40] {&Threei}  what's real resistance?
[14:40] {nemo} unicorns
01[14:41] {&Threei}  you don't short resistances or buy supports
01[14:41] {&Threei}  you play setups based on chart formations
01[14:41] {&Threei}  resisatnce or support levels are merely elements of those setups
01[14:42] {&Threei}  look at .30 at the moment of the call
01[14:42] {&Threei}  was it double top resistance?
01[14:42] {&Threei}  how was it not real?
[14:45] {bbobr} I see what you mean....
01[14:45] {&Threei}  don't let the stops fool you
01[14:45] {&Threei}  it's merely odds game,
01[14:45] {&Threei}  and in low volume summer trading odds are less favorable,
01[14:46] {&Threei}  but these are the same setups that work for years, decades and more
01[14:46] {&Threei}  volume comes back, setups work with higher reliability
01[14:47] {&Threei}  no volume, we take fewer calls with tighter stops and/or less shares
01[14:47] {&Threei}  tweak strategy somwehat as in fade cases
01[14:47] {&Threei}  but underlyings are the same
01[14:47] {&Threei}  they never change, no matter what hft/algo/robot complainers would have you believe
[14:49] {nemo} I've got indexes looking like they're pulling in
[14:50] {bbobr} Don't have many years. but usually fade only climatic price advance  
[14:50] {nemo} well I've got fade indications on the indexes, you see an orgasm?
01[14:50] {&Threei}  does this move from .20 to .40 count?
[14:51] {bbobr} Did not think so,  could be wrong, sorry
01[14:52] {&Threei}  to me, this .40 break is/was a short setup
[14:52] {nemo} yep, .47 resistance
01[14:52] {&Threei}  wityh .46 stop
01[14:53] {&Threei}  but I am getting hesitant to call them, with all the mass protests {G}
[14:53] {nemo} got the inverse cinderella slipper on finnies
[14:53] {nemo} did you see me protesting?
01[14:59] {&Threei}  almost 1:2
01[14:59] {&Threei}  see the setup now?
[15:00] {nemo} dead people got in the way
[15:00] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz wake me when it's over eh!
[15:07] {dino} ocrx sm s .70
[15:08] {dino} onxx drop
01[15:12] {&Threei}  1:3
[15:12] {nemo} if it gets through the whole, should get to .80
01[15:12] {&Threei}  did I convince you that it's just playing the valid setups, and not a stubborness?
[15:12] {dino} aeti drop
[15:12] {nemo} you talkin' to me?  Travis?
01[15:12] {&Threei}  no
01[15:13] {&Threei}  why on earth would I be talking to you
[15:13] {nemo} didn't think so, but I'm in a goofy bored mood
[15:13] {bbobr} me ?
[15:13] {nemo} watch it
[15:13] {nemo} you saw what rabbits can do in Search For the Holy Grail...
[15:13] {nemo} on that note, bunny ain't handling the heat so well
[15:14] {RonS} give her a shave...
[15:19] {dino} cov ocrx .12, +.58
[15:19] {nemo} so, what, you have one strike on LVS and then a home run?
01[15:21] {&Threei} Long Setup:  LVS  .10 break
[15:22] {nemo} oops, they're going for the shorts, this might be a short below the whole
[15:25] {nemo} holy shit look at onxx
01[15:26] {&Threei}  1:1
[15:26] {RonS} ONXX pfizer to NOT move ahead with takeover bid
[15:27] {dino} looks like amgn at 120 offer
01[15:32] {&Threei}  32% Say American Society is Unfair and Discriminatory
[15:32] {nemo} and 84% of society have average to less than average intelligence
01[15:33] {&Threei}  I say dino's tastes are very discriminatory - he insists on his women being precisely 92,34 х 61,71 х 93,45
01[15:35] {&Threei}  this one's for ese: ‏@ReformedBroker
01[15:35] {&Threei}  The role of the Federal Reserve Chairman has become indistinguishable from a motivational speaker. Embarrassing.
01[15:43] {&Threei}  ONXX... spread is untradeable for the most part... too bad, tempting short
[15:44] {nemo} wow that daily got a long way to fall
01[15:45] {&Threei}  100
01[15:45] {&Threei}  ugh... 70ents from my trigger
[15:45] {nemo} I ws thinking of shorting .85
01[15:48] {&Threei}  80
01[15:51] {&Threei}  120 offer from AMGN wss rejected earlier
[15:51] {+cc_9} ok folks
01[15:51] {&Threei}  who knows what they do now
[15:51] {+cc_9} see you all in the AM
[15:51] {+cc_9} calling it a day
01[15:51] {&Threei}  thank you all, have a good evening
01[15:52] {&Threei}  see you tomorrow
[15:52] {dino} cya
[15:54] {bbobr} Thank you Vad, gn
01[15:54] {&Threei}  :)
[16:01] {nemo} goog dropped 50 bucks
[16:02] {dino} ouch
[16:02] {nemo} missed by $1.22
01[16:03] {&Threei}  MSFT whacked too
[16:04] {nemo} ohhh yippee tomorrow might be fun

July 17 2013

Not really our day as most moves were patternless. Got a few nice trades but stops outnumbered them.

Session Time: Wed Jul 17 00:00:00 2013
[09:09] {dino} gm
01[09:10] {&Threei}  morning dino
[09:10] {+cc_9} Morning Vad / Gents
01[09:11] {&Threei}  cc9
[09:16] {Alexs} gm
01[09:17] {&Threei}  alex :)
[09:18] {RonS} howdy y'all...texican for good morning
01[09:19] {&Threei}  ron :)
[09:25] {bbobr} gm
01[09:25] {&Threei}  bbobr :)
[09:27] {cipher} gm
01[09:27] {&Threei}  cipher :)
01[09:27] {&Threei}  Bennie speaks today
01[09:32] {&Threei} Long Setup:  GDX  .80 break
[09:34] {Alexs} stop GDX?
01[09:34] {&Threei}  If holds  .73
[09:34] {nemo} a bit OCDish that stop
01[09:34] {&Threei}  1:1
01[09:35] {&Threei}  my OCD is not for long since I also have ADD
[09:35] {robbers} Out, thanks.
01[09:35] {&Threei}  1:2
01[09:35] {&Threei}  :)
[09:36] {+cc_9} TSLA very active already, big volume out the gate
[09:37] {dino} amt hl l .75
01[09:38] {&Threei} Long Setup:  IWM  .50 break
[09:39] {+cc_9} All out TSLA
01[09:39] {&Threei}  If holds  .40
[09:39] {dino} out amt .99, +.24
01[09:41] {&Threei}  stop to .44
01[09:42] {&Threei}  Since the first trading day of 2013, Brazil has lost almost 30%, China 25% & Russia 23%
[09:43] {ese} gm
[09:44] {ese} got up late
[09:45] {dino} fcx hl l .50 stop lod brk
01[09:46] {&Threei}  ese :)
[09:46] {+cc_9} TSLA, oh no...:(
[09:49] {dino} axp sm l .60
[09:49] {+cc_9} TSLA trade }}} http://img33.imageshack.us/img33/7324/ieio.jpg
[09:49] {+cc_9} Left a gang on the table, oh well
[09:51] {dino} fcx stop -.11
01[09:52] {&Threei} Short Setup: GLD  .10 break
01[09:53] {&Threei}  If holds  .20
[09:54] {Alexs} full lot?
[09:54] {+cc_9} TSLA wowza, $115s
01[09:54] {&Threei}  yeah, not too volatile
[09:56] {dino} amt sm l .60
[10:00] {dino} out amt .20, +.60
[10:00] {dino} about .60 too soon, spike
01[10:01] {&Threei}  meh
[10:02] {Alexs} meh is when a half lot :)
01[10:02] {&Threei}  ok, double meh
[10:02] {Alexs} lol
[10:03] {+cc_9} I thought taking $2.00 on TSLA was smart
[10:03] {+cc_9} damn thing moved $10
[10:03] {dino} lol
[10:07] {+cc_9} $117 .... :(:(:(
[10:08] {nemo} internet stock
01[10:08] {&Threei} Short Setup: CAT  .30 break hl
01[10:08] {&Threei}  If holds  .40
[10:08] {nemo} yhoo just keeps going
[10:14] {ese} L fslr.50
[10:16] {ese} boy.....thought about yhoo today......have never had that good  luck trading it
[10:18] {dino} nor i ese
[10:19] {RonS} sweet Melissa changed things there...
[10:19] {ese} out 1/2 fslr 81 .+31
[10:19] {dino} gj
01[10:21] {&Threei}  1:1
[10:22] {ese} tks
[10:24] {+cc_9} Alibaba should just absorb all of YHOO
[10:27] {Alexs} I think they just need to absorb Melissa
01[10:27] {&Threei}  sounds durty
01[10:27] {&Threei}  dirty
[10:28] {Alexs} she's most expansive woman
[10:30] {nemo} The bearded clam speaks
[10:31] {nemo} iwm looks weak
[10:31] {RonS} heard prepared remarks released hours ago...
[10:32] {nemo} yesterday, I think
[10:45] {dino} gld drop
[10:45] {RonS} axp sm l .15 s/l lod
[10:50] {RonS} out -.10 axp
01[10:55] {&Threei}  I haven't heard much hawkish in testimony or q/a
01[10:55] {&Threei}  yet USD up, gold down
[10:56] {dino} tpwr drop
[10:56] {dino} towr
[11:04] {ese} good enough out full fslr .77 +.27 700shs/700shs
[11:08] {RonS} lol...Can Bernanke explain the difference between easy money and easier money? http://bloom.bg/1dEJLwh
[11:15] {dino} towr hl l .09 ave
01[11:15] {&Threei} Short Setup: GLD  124 break
01[11:15] {&Threei}  If holds  .10
[11:18] {dino} axp gap filed
[11:21] {ese} This game is going to drive me to drink look at FSLR..... nemo get the booze out,  I'm going to get on a plane I'll be over in a couple hours
[11:21] {RonS} ...and pass up all the bars along the way?
[11:22] {nemo} np...we'll go to Berklee
01[11:23] {&Threei}  pass out in all the bars along the way
[11:23] {nemo} well we want to get on the West side of Huntington Ave
01[11:25] {&Threei}  GLD...
01[11:27] {&Threei}  Ben: Wall Street hasn’t benefited more than Main Street.
01[11:27] {&Threei}  seriously?
01[11:28] {&Threei}  man...
[11:28] {ese} done
01[11:32] {&Threei} Long Setup:  CAT  .90 break
01[11:32] {&Threei}  If holds  .80
01[11:35] {&Threei}  doesn't act right
01[11:36] {&Threei}  scratching it into bounce
01[11:50] {&Threei}  grrrrr
01[11:50] {&Threei}  come on GLD
[11:52] {Alexs} cat still fighting
01[11:53] {&Threei}  don't care
01[11:53] {&Threei}  not a stock I want to be in
[11:53] {Alexs} you out?
01[11:54] {&Threei}  11:35] {&Threei} doesn't act right
01[11:54] {&Threei}  [11:36] {&Threei} scratching it into bounce
[11:54] {Alexs} k
01[11:56] {&Threei} Short Setup: GLD  .90 break
01[11:56] {&Threei}  If holds  123
01[11:59] {&Threei}  sigh
01[11:59] {&Threei}  this thing hates me today'
[12:12] {RonS} damn axp...
[12:15] {dino} axp pop
[12:28] {RonS} cat drop
[12:29] {nemo} Chanos talking short strategies CAT and HPQ
[12:29] {nemo} wow
[12:29] {RonS} chanos killng $DE $CAT $JOY
[12:30] {RonS} hmmm...Is the TV on a delay because $CAT started moving a couple of minutes before Chanos said it
01[12:30] {&Threei}  HPQ might be influenced by INTC report today
[12:31] {nemo} http://bo.st/13w9TDs
[12:38] {dino} utek hl l .99
01[12:43] {&Threei}  turns out waking up at 3:30 is not the best way to prepare for trading day
[12:44] {nemo} yeah, I woke up 4:30 my time migraine
[12:45] {dino} 6:15 here
01[12:45] {&Threei}  had guests to drop by at airport for an early flight
01[12:52] {&Threei} Long Setup:  IWM  .60 break
[12:57] {dino} out utek .18, +.19
01[13:01] {&Threei}  let's change IWM to .55 break
[13:06] {Alexs} what stop iwm?
[13:07] {Alexs} .29?
[13:07] {Alexs} 49?
[13:07] {dino} 36-24-36
01[13:07] {&Threei}  .49
[13:07] {Alexs} k
[13:08] {Alexs} thanx dino :)
[13:08] {dino} :-)
06[13:08] * dino slaps Alexs around a bit with a large trout
[13:10] {dino} towr to .30
[13:15] {nemo} finnies just keep grinding higher
[13:18] {dino} out towr .28, +.19
[13:22] {ese} L fslr .51
[13:23] {dino} grind day
[13:23] {ese} indeed
[13:24] {nemo} can't wait to hear about the paltry grand 9 has been able to make today
[13:24] {dino} lol
[13:24] {nemo} sorry, I'm bored
[13:25] {dino} no worries
[13:25] {dino} yawning here
[13:25] {dino} brb
01[13:40] {&Threei}  (US) Fed Chairman Bernanke: The Fed knows how to handle the exit from extraordinary policies without sparking inflation- Communication is key to preventing a sharp increase in rates. - Fed not seeing any problems in the MBS market related to QE. - If we raised rates right now the economy "would tank."
[13:42] {RonS} "Fed plans on letting O care do that."
01[13:43] {&Threei}  lol
01[13:44] {&Threei} Short Setup: CAT  .35 break
01[13:44] {&Threei}  If holds  .45
01[13:47] {&Threei}  Invalidated
01[13:47] {&Threei}  idea though remains, close to eod CAT is likely tio become a short candidate again
01[13:59] {&Threei}  Beige book is coming out
[14:00] {nemo} I wish they'd change the color to chartreusse
01[14:00] {&Threei}  lol
01[14:00] {&Threei}  reads moderately hawkish
01[14:00] {&Threei}  Banking conditions generally improved across the Districts. Credit quality improved, while credit standards remained largely unchanged.
01[14:01] {&Threei}  - Hiring held steady or increased at a measured pace in most Districts
[14:05] {nemo} could make an argument for fas short here
01[14:08] {&Threei} Long Setup:  BBY  .90 break
01[14:09] {&Threei}  If holds  .82
[14:11] {dino} scanners barely moving
[14:18] {nemo} hah, it worked kinda'
[14:28] {nemo} well finnies stayed in upper half of channel, and IWM looks long
[14:48] {+cc_9} SPY still @ a channel on the day, currently @ bottom of channel
01[14:52] {&Threei} Short Setup: CAT  .60 break
01[14:52] {&Threei}  If holds  .70
01[14:54] {&Threei}  1:1
[14:55] {dino} ocrx spike, thin
[14:55] {robbers} Missed it, but nice call.
01[14:55] {&Threei}  :(
[14:59] {bbobr} Vad, would you be reversing  (long)   CAT at any lower level ?
01[14:59] {&Threei}  only if it drops far and fast
[14:59] {bbobr} thanks
01[15:00] {&Threei}  woth this blow delivered today by Chanos, it's very likely to get hit by another wave of selling into close
[15:02] {dino} dd spike
[15:03] {dino} hl s .99
[15:04] {RonS} Peltz's Trian Takes Large Stake in DuPont -CNBC's Sorkin
[15:08] {dino} thx
[15:14] {nemo} anybody awake?
01[15:14] {&Threei}  I just woke up after reading a question asked by local TV news station
01[15:14] {&Threei}  I think they lost their mind
01[15:14] {&Threei}  judge for yourself:
01[15:15] {&Threei}  CHEK Point Question: Are you excited about the royal baby? Why or why not?
[15:15] {nemo} think I'd rather pick my nose
[15:16] {RonS} bunny pregnant?
[15:17] {nemo} she's around here someplace
[15:17] {RonS} just when I think it can't get any worse.....Lesss!!!...come back...please...
[15:17] {nemo} told, ya' raisins are serious bunny crack
[15:17] {nemo} she won't even eat the treats I got for her anymore...if their not raisins, she don't want 'em
[15:17] {dino} dd stop -.32
[15:18] {nemo} I put the nuclear option on any retort you might have for that statement, that's all
[15:18] {RonS} she's efficient raisins in, raisins out...
01[15:18] {&Threei}  oh lord... you should read some of the answers...
01[15:18] {&Threei}  just one, before I feel like puking:
[15:18] {nemo} yeah, there was an old joke along that line, "ever notice how rabbits don't eat raisins?"  Obviously, they never had a rabbit
01[15:18] {&Threei}  Yup! I'm hoping Kate has a girl! Another little Princess to add to the royal family
[15:19] {+cc_9} nice bounce SPY, solid SSO trade
[15:19] {nemo} On another note, where I do my exercises I seem to have developed a fan
[15:19] {nemo} This chipmunk usually shows up and watches me...kinda' weird
[15:19] {RonS} heard they approved gay marriage today...plenty of princesses to go around...
[15:19] {+cc_9} SSO entry on SPY being @ bottom of range }} http://img690.imageshack.us/img690/6228/wefa.jpg
01[15:20] {&Threei}  lol
[15:20] {dino} dd hl s .50
[15:20] {nemo} maybe they'll hire Les fulltime
[15:21] {nemo} cmon' what a setup...jeez...
[15:27] {dino} cov dd .00, +.50
[15:29] {+cc_9} GDX some weakness here
[15:38] {ese} out fslr .02 +.51.....am done for the day.......cyou all tomorrow
01[15:39] {&Threei}  take care ese
[15:40] {ese} cya vad
01[15:43] {&Threei} Short Setup: GDX  .90 break
01[15:43] {&Threei}  If holds  .95
01[15:49] {&Threei}  time's running out
01[15:49] {&Threei}  thank you all, have a good evening
[15:49] {dino} cya
01[15:49] {&Threei}  see you tomorrow
[15:52] {bbobr} gn all

July 16 2013

As you remember, a few days ago we switched to "summer strategy" - instead of playing traditional setups, we fade them (as in, shorting long setups after they trigger and going long on short ones, essentially becoming trappers instead of trapped). Catch of the Day below is exactly this: inverted C&H on TZA became a long setup and worked for a nice juicy 1:4. 

Session Time: Tue Jul 16 00:00:00 2013
[09:17] {dino} gm
01[09:17] {&Threei}  morning dino
[09:19] {RonS} hi everyone
01[09:19] {&Threei}  Ron :)
[09:23] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:26] {cipher} gm
01[09:26] {&Threei}  cipher :)
01[09:26] {&Threei}  GS report helped financials and market
01[09:26] {&Threei}  Fitch downgraded EFSF to AA+ from AAA
01[09:26] {&Threei}  lol
[09:26] {bbobr} gm
01[09:26] {&Threei}  bbobr
01[09:27] {&Threei}  I find it highly ironic that entities created to save indebted states issue their own debt and themselves become subject to rating
[09:28] {ese} gm
01[09:30] {&Threei}  ese :)
01[09:31] {&Threei} Long Setup:  C  52 break
01[09:32] {&Threei}  If holds  .90
01[09:32] {&Threei}  1:1
[09:33] {+cc_9} Morning fellas, Vad
01[09:34] {&Threei}  cc9 :)
[09:34] {ese} cc
[09:35] {ese} rats missed your c call
[09:35] {nemo} tsla puking
01[09:36] {&Threei} Short Setup: JPM  55 break
01[09:36] {&Threei}  If holds  .10
[09:37] {ese} Europe was basiciallt lower all round....gotta figure tha going to effect US mrkts
[09:37] {ese} basically
01[09:38] {&Threei}  Invalidated
[09:38] {nemo} that should be the morning sell off
01[09:39] {&Threei} Long Setup:  IWM  .45 break
01[09:39] {&Threei}  If holds  .40
[09:39] {dino} eqm sm l .00
01[09:41] {&Threei}  no go
[09:46] {dino} yy sm l .97 gappy sucker
[09:51] {+cc_9} QIHU dropping on BIDU's buyout of competitor, looking for a long trade on the break of $52.00
01[09:51] {&Threei} Long Setup:  CAT  .25 break hl
01[09:52] {&Threei}  If holds  .15
[09:53] {+cc_9} small long entry QIHU here
[09:54] {dino} out yy .27,
[09:54] {dino} +.30
[09:55] {+cc_9} QIHU so far so good, looking for $52.50+ tgt
01[09:56] {&Threei}  held by fingertips
[09:58] {+cc_9} All out QIHU
[09:58] {+cc_9} yyyeeeeehaww
[09:59] {Alexs} nice call cc
01[09:59] {&Threei}  wtg
[09:59] {+cc_9} ty :D
[10:00] {+cc_9} ugh, going higher lol
[10:02] {nemo} http://bit.ly/16Grefo
[10:02] {+cc_9} lol @ nemo
[10:02] {+cc_9} you sob
[10:02] {+cc_9} g1
[10:02] {nemo} important shit
01[10:04] {&Threei}  frikin IWM
[10:04] {thomcbell} looking for xone long setup here
[10:04] {thomcbell} too wide
[10:04] {thomcbell} nice bounces on the others
[10:05] {dino} hsii hl l .03
[10:08] {ese} L tol .49 1/2
01[10:11] {&Threei} Long Setup:  TZA  .70 break
01[10:11] {&Threei}  If holds  .65
[10:12] {+cc_9} QIHU wowza!
[10:13] {nemo} watch 53.70 level
[10:13] {+cc_9} wana puke
[10:13] {ese} out tol .68 +.28
[10:14] {thomcbell} rats xone
[10:15] {dino} powi hl s .00
01[10:20] {&Threei}  1:1
01[10:21] {&Threei}  anyone to identify setup? :)
01[10:21] {&Threei}  hint: look at IWM up to 10:11
[10:21] {ese} L c .25
[10:22] {nemo} double top
01[10:23] {&Threei}  nope
01[10:24] {&Threei}  from open to 10:11
[10:26] {Alexs} fading c&h
01[10:26] {&Threei}  A+!
[10:27] {nemo} it was also a triple top...tomato tomahto
01[10:28] {&Threei}  sorry but you can't view C&H as triple top
01[10:28] {&Threei}  one is continuation formation, another is reversal one
[10:29] {nemo} I see IWM opening high, fade, double bottom, attempt to make a high, fade, attempt to make a high drop
[10:35] {dino} i see dead people
01[10:36] {&Threei}  so nemo, to put it all together... do you see C&H or not?
[10:36] {nemo} I see that too
[10:36] {dino} powi stop .13, =.13
01[10:36] {&Threei}  oh good... so you just like killing innocent pixels
[10:36] {nemo} now it looks like IWM might be making the brass knuckles formation
[10:39] {nemo} vad.....
[10:40] {nemo} nobody is innocent
01[10:40] {&Threei}  but... pixels...?
[10:40] {nemo} if you're in this world, it ain't for innocence...earth is a penitentiary for metaphysical crimes
[10:41] {nemo} When doing time on planet Earth...nobody gets out alive
[10:43] {dino} stmp hl l .97
[10:45] {dino} isis drop
[10:48] {ese} thats very star trek of you nemo
[10:50] {ese} you need to use the teleporter to beam yourselft over here for the next shiskabob party
[10:50] {RonS} wow...more like German philosophy ese...
[10:50] {nemo} actually I updated the language, it's Shamanistic beliefs actually
[10:50] {nemo} Nietsche was a perv
[10:51] {ese} lol
[10:51] {nemo} and don't get me started on Kierkegaard
[10:51] {RonS} eschew obfuscation...
[10:52] {ese} didn't he play goal for the Maple Leafs
[10:52] {RonS} lol
01[10:53] {&Threei}  and espouse elucidation?
[10:53] {RonS} in the meantime Nemo been busy:  A man is suing Apple for not preventing him from checking out porn on his laptop | http://buswk.co/1bFtf0Z
[10:53] {ese} or was that a rust guard commercial
[10:53] {nemo} I don't have a laptop
[10:54] {dino} new meaning to the word lap top
[10:54] {nemo} good one dino
[10:54] {ese} c stopped .10 =.15
[10:54] {ese} =.15
[10:54] {ese} -.15
[10:57] {ese} wow how stupid is that
01[10:57] {&Threei}  1:2
[10:57] {Alexs} TZA 1:2 meanwhile
01[10:57] {&Threei}  :)
01[10:58] {&Threei}  along the lines Ron invoked... "Eschew the ambiguity, embrace the clairvoyance"
01[10:58] {&Threei}  I'll try to 1:4
[10:58] {ese} spy break down
01[10:59] {&Threei}  1:3
[10:59] {RonS} like that 3i...
[10:59] {RonS} ...what?...Snowden agrees to Russia’s demand that he stop anti-American activity | http://bloom.bg/18lpAqe
01[11:00] {&Threei}  it's an easy one Ron:
[11:00] {ese} will miracles never cease
01[11:00] {&Threei}  stop telling things to the whole world, we want to be the only ones who know
[11:01] {RonS} jeez...actually makes sense...
01[11:01] {&Threei}  "newspeak"
01[11:01] {&Threei}  you lived in USSRT, you had it down pat
[11:02] {Alexs} When asked about Snowden's future, Russia media quoted Putin as saying, "Such a present to us. Merry Christmas."
01[11:02] {&Threei}  hehe
[11:03] {RonS} the thing I don't get is that if Prez was Nixon and this was Daniel Ellsberg this guy would be being celebrated as a champion of the people and freedom...lefties are the supreme hypocrites...
[11:05] {thomcbell} small long xone 58.85
[11:05] {dino} i think you do get it ron, lefties=hypocrits
[11:06] {+cc_9} going long SSO on this SPY drop, small first scale
[11:06] {+cc_9} will add the 167.53 range (gap)
01[11:10] {&Threei}  now that TZA is trying for my 1:4, I feel compelled to share this nugget of wisdom in hope it makes your life-defining decisions a bit more efficient:
01[11:10] {&Threei}  I know life is uncertain, so I eat desert first.
[11:10] {ese} profound
01[11:10] {&Threei}  isn't it
[11:15] {nemo} sso looks possible here spy at yesterday's pivot
[11:16] {dino} isis hl l .50
[11:16] {+cc_9} will sit tight on position for either a bigger flush or reversal
[11:16] {+cc_9} tgt looking for 167.80
01[11:17] {&Threei}  1:4, out
[11:17] {RonS} xone sm l .60
[11:18] {RonS} isis sm l .50
[11:21] {+cc_9} that 167.53 held for now
[11:21] {nemo} yesterday's pivot
[11:21] {+cc_9} reversal confirmation is 167.71 bid
[11:21] {+cc_9} nemo, correct
[11:21] {nemo} jeez thanks
[11:21] {nemo} made my frickin' day
[11:21] {robbers} Out TZA, thanks.
[11:21] {nemo} I can die in peace
[11:21] {+cc_9} np, idk how to give troutes, so i can't give you much
[11:22] {+cc_9} *give troute*
[11:22] {+cc_9} nope
[11:22] {nemo} don't know how to spell it either
[11:22] {nemo} nice try though
[11:22] {nemo} Vad needs to spice it up...add other species
[11:22] {nemo} brown, speckled, rainbow, lake
06[11:24] * nemo violates cc_9 with a stuffed striped bass
06[11:24] * &Threei slaps nemo around a bit with a large frpzen brown speckled rainbow lake trout
[11:24] {nemo} ahhh, Vad....
[11:24] {nemo} that would be a Frankentrout
01[11:25] {&Threei}  http://goo.gl/DpXMY
[11:28] {+cc_9} big vol spike SPY 1min
[11:30] {ese} HCA one of the few holding it's value with this carnage going on
[11:31] {RonS} dji -38 = carnage...
[11:31] {thomcbell} out with small gain xone
[11:32] {ese} ok......maybe not quite the right term but......
[11:36] {thomcbell} small long xone 58
[11:36] {dino} lot of stocks down 3-5 bucks, pretty good hits
[11:41] {thomcbell} making sales in xone 58.50 and above
[11:42] {+cc_9} avg on SPY 167.55
[11:42] {+cc_9} not looking like a fast and furious day, slow grind down for now only
[11:47] {+cc_9} looking ugly now
[11:47] {nemo} webcam?
[11:47] {nemo} mirror?
01[11:48] {&Threei}  sheesh, TZA isn't done yet
[11:52] {dino} soda drop
[12:01] {dino} onxx spike
[12:02] {+cc_9} SPY looking for a 167.45 bid for breakout and 167.30 support for higher lows
[12:02] {+cc_9} break below 167.30 = low test
[12:02] {+cc_9} at midpoint now
[12:07] {+cc_9} .45s on deck
[12:08] {+cc_9} tgt still 167.80 for now
[12:12] {+cc_9} see if we get a .50 print now
[12:14] {+cc_9} sideways for 10mins SPY, needs a push here or we reverse back lower, volume xtra dry
[12:19] {+cc_9} So far so good
[12:19] {+cc_9} time to clear .50s
[12:19] {+cc_9} and VXX under .30
01[12:23] {&Threei}  - Chairman Bernanke is slated to speak before the House Financial Services Committee on Wednesday in his semi-annual monetary policy report. After reiterating last week that rates would stay low for a long time, analysts suspect Bernanke may address some of the more hawkish language heard in the FOMC statement that preceded his speech.
[12:24] {nemo} I want to know who he's got buying up futures in the overnightsessions
[12:24] {dino} out isis .94, +.44
[12:28] {ese} L c .69
[12:28] {+cc_9} here we go SPY
[12:30] {+cc_9} 167.53/4 current wall
[12:34] {+cc_9} need a full break .55 or we fizzle back .45 *yawn*
[12:37] {+cc_9} uptick on VXX, no bueno
[12:55] {+cc_9} another slow drift, here is the funny part
[12:55] {+cc_9} 11:42 cc_9 avg on SPY 167.55
[12:55] {+cc_9} it went to exactly .55 then went lower lol
[13:01] {+cc_9} its one of those 'someone knew my avg was there'
[13:09] {nemo} yeah, I told them to sell the bejeezus out of .55 to screw with ya'
[13:10] {+cc_9} approaching danger zone 167.20
[13:10] {nemo} need a Will Robinson quote
[13:10] {+cc_9} stop eater algo initiated
[13:31] {nemo} things look bouncy here
[13:32] {ese} Spyder double bottom
[13:32] {dino} anik l .07
[13:33] {nemo} tsla's internet days are over...so much for eyeballs
[13:34] {+cc_9} another merry go round : SPY
[13:34] {nemo} well, spy hit S3 IWM hit MR2 and finnies hit S2
[13:34] {nemo} kinda' all at the same time
[13:35] {+cc_9} plenty time on the clock, lets see how she goes
[13:35] {+cc_9} still thinking 167.80 doable, would mark a negative close on the market, but a bounce from here nonetheless
[13:35] {+cc_9} S&P up 11 days in a row, only normal to get a breather
[13:36] {nemo} try not to use words with "Les" in it
[13:37] {+cc_9} u wat m8 ?
[13:38] {dino} gs sm l .27
[13:38] {nemo} "m8"?
[13:38] {dino} whatever happened to les? not here anymore?
[13:39] {+cc_9} m8 = mate
[13:39] {nemo} month off to work...he's doing security at the Montreaux jazz festival....he writes about it all the time in facebook...not like when I was bouncing, anyway...sophisticated customer service shit
[13:39] {+cc_9} major bounce here wow
[13:39] {nemo} where are you "9"?
[13:41] {+cc_9} in the intrawebs
[13:41] {nemo} you in oz?
[13:41] {+cc_9} n0t in oz m8
[13:41] {+cc_9} u 'avin a giggle m8 ?
[13:42] {nemo} islander?
[13:42] {+cc_9} i swer i rek u m8, i swer on me mum m8
[13:42] {nemo} oh shit...frickin' pom
[13:45] {+cc_9} ok SPy, you can take a mini break, then need to push 167.45
[13:45] {+cc_9} a little bear trap for EOD, because why not
[13:46] {nemo} me thinks they won't want to scare anybody with anything drastic today
[13:46] {+cc_9} SPY volume spike
[13:46] {+cc_9} anyone else see that, or just my eyes
[13:46] {+cc_9} give or take 1.6M
[13:46] {nemo} yep
[13:46] {+cc_9} volume spike served with a side of fat finger
[13:46] {nemo} so if it drops this level we go down, otherwise pushes to vwap
01[13:46] {&Threei}  that's not an actual trade
01[13:46] {&Threei}  look at the price
[13:47] {+cc_9} i saw
01[13:47] {&Threei}  way beyond bounds
[13:47] {+cc_9} the top of wick did not match actual pps
[13:47] {nemo} could be dark pool
01[13:47] {&Threei}  that so-called "transaction closing print"
[13:47] {+cc_9} me thinks its a swap trade
01[13:47] {&Threei}  mechanism of such print:
[13:47] {+cc_9} or what Vad said, also known as settlement trades
[13:48] {nemo} did that hurt 9?
[13:48] {+cc_9} all lots that were not accounted for, get accounted in 1 print
[13:48] {+cc_9} call it "imbalance"
01[13:48] {&Threei}  broker fills big client's order, say 100K shares,
01[13:48] {&Threei}  at sdiff prices in pieces
01[13:48] {&Threei}  he buys them to his own account until he has all 100K,
01[13:48] {&Threei}  then he transfers them to client's account in one swoop
01[13:49] {&Threei}  and you see it as 100K p[rint at the price they agreed on
[13:49] {+cc_9} yup, swap
[13:49] {dino} why does anybody use a broker anymore?
[13:49] {+cc_9} usually they wait to print them during after hours
01[13:49] {&Threei}  it makes broker flat, cliwent gets his 100K, difference between agreed price and prices broker filled those pieces is his reward
01[13:50] {&Threei}  why not dino
01[13:50] {&Threei}  imagine you are a big institution
01[13:50] {&Threei}  you can hire your own traders and get direct access
01[13:51] {&Threei}  or you can have a broker to giveorders to
01[13:51] {&Threei}  first option makes you hire them, train them etc
01[13:51] {&Threei}  second is care-free
01[13:51] {&Threei}  some prefer to be in control, some don't want the hassle
01[13:52] {&Threei}  or if you are a wesalthy individual
[13:52] {+cc_9} to be fair, if you want large blocks to not show on the open market
[13:52] {+cc_9} you would simply use a dark pool
01[13:52] {&Threei}  with large account managed by, say, GS
[13:52] {+cc_9} but of course, liquidity there is not the same as the open market
[13:52] {+cc_9} but brokers that allow for dark pools can find cross-matches for clients
01[13:53] {&Threei}  that's the beauty of using a good broker - they will go to open matket or dark pools or both, depending on what you want to accimplish
[13:53] {+cc_9} for GS its called Sigma-X GSET
01[13:53] {&Threei}  for an institution that is simply not trained well in those mechanics it's an overwhelming task
[13:53] {dino} guess i am thinking too small
01[13:53] {&Threei}  for us, it's not an issue of course :)
01[13:54] {&Threei}  but when you deal in hundred thousands and millions shares, it's a very different game
[13:54] {+cc_9} i find it funny when a client with say $10k asks us for dark pool access, of course we can offer, but...you really don't need it, because lets face it, you won;t need access to millions in a block that you prefer not to move the market on the L2
[13:54] {+cc_9} Vad, you got it.
01[13:55] {&Threei}  people have very vague idea about these things, cc9... :)
01[13:55] {&Threei}  I had exchanges where I couldn't believe my eyes seeing what people think
01[13:55] {&Threei}  one of the funniest ones:
[13:55] {+cc_9} I read on stocktwits one day, this "guru" was telling people that the trades he was seeing on the T&S were dark pools
[13:55] {+cc_9} im like 'if its a dark pool trade, how the EF can you see it ?" lol
01[13:56] {&Threei}  idio... ummm, not fully aware person tries to advance an idea that market manipulators buy at a very hig price in open market tp p[ain the tape.
01[13:56] {&Threei}  I say, you can't do that, just physically can't.
01[13:57] {&Threei}  He says, why, I enter a limit buy at $100 while stock trades at 10, print at 100 appears and createds an impression of an uptick
[13:57] {+cc_9} that not only does not make sense, nor is it fiscally sound
01[13:57] {&Threei}  I say, no, you will get a fill at 10
[13:57] {+cc_9} its usually the same idiot that buys the HOD
01[13:58] {&Threei}  he didn't believe me, so I offered him a live expertiment:
[13:58] {+cc_9} in any case, come on algo longs, buy some SPY for a follow-through bounce :D
[13:58] {+cc_9} with his money i hope
01[13:58] {&Threei}  pick a stock at 10, enter a buy at 100, and if you get a fill at 100, I personally will reimburse you for the difference,
01[13:58] {&Threei}  but if you get a fill at 10, I want that difference
01[13:59] {&Threei}  what do you know, never heard from him again
[13:59] {+cc_9} ok, brb, time to unload
01[13:59] {&Threei}  tmi
[13:59] {nemo} yeah, wow
[14:00] {dino} yuk
[14:03] {+cc_9} if you guys want take Vad on that bet, let me know
[14:03] {+cc_9} so i can set a limit buy @ $100
[14:03] {+cc_9} so scoop them up
[14:03] {+cc_9} LOL jk, i won't.
[14:03] {dino} lol
[14:03] {ese} oh!!!!!!! my!!!!!!!! god!!!!!!!! this is driving me nuts
[14:03] {+cc_9} i have 20k shares for sale SSO
[14:03] {+cc_9} .65
[14:03] {+cc_9} *yawn*
[14:05] {+cc_9} just need 167.50 SPy and im all out
[14:05] {+cc_9} somehow, it feels impossible @ $0.04 away
[14:05] {ese} oh ya!!! oh ya!!!well i'm up 12 bucks fella with C...so there
[14:06] {+cc_9} come on...print .50 already, can't just get stuck first at my avg and second time at my sell price
[14:06] {+cc_9} otherwise, i call conspiracy
[14:06] {+cc_9} we have a mole here
[14:07] {ese} EMDE 006......licensed to squeal......
[14:07] {nemo} caught a mole yesterday
[14:08] {ese} vad does not have mice at his house I've been there I tell you there's nothing there
[14:11] {nemo} you mean .006?
[14:11] {+cc_9} are we seriously still stuck on the SPY
[14:11] {+cc_9} lol nvm
[14:12] {ese} .000006
[14:13] {dino} out gs .08, +.81
[14:14] {+cc_9} ok guys
[14:14] {+cc_9} all out
01[14:15] {&Threei} Short Setup: GDX  .30 break
01[14:15] {&Threei}  If holds  .35
01[14:16] {&Threei}  oh, I lso loved this peice of illiteracy:
01[14:16] {&Threei}  print far out of market is market makers signalling each pther where they will be moving the price
[14:16] {ese} out C .80 friggin .06 +.17
[14:16] {+cc_9} Ok guys, here is summary for my trades (I trade on 4 accounts, i sent signals on one and it matches on the others) }}} http://img546.imageshack.us/img546/2281/v1ms.jpg
[14:17] {+cc_9} made peanuts on SSO, but ill take those peanuts and run.
[14:20] {Alexs} move GDX to .35?
01[14:20] {&Threei}  ?
[14:20] {+cc_9} calling it a day here.
[14:20] {ese} cya cc
[14:21] {Alexs} if it cross .35
01[14:21] {&Threei}  just invalidated for now
[14:22] {Alexs} ok
[14:23] {+cc_9} no i mean
[14:23] {+cc_9} im staying here, don't try to get rid of me already
[14:23] {+cc_9} just done trading lol
[14:23] {+cc_9} i needed SPY pop, got it, sold it. Done
[14:24] {+cc_9} QIHU + KO + SSO were my tickets today
[14:24] {+cc_9} KO was a beautiful channel to trade off pre-market lows
[14:24] {+cc_9} QIHU was drop reversal, SSO was well...the usual.
[14:25] {dino} anik stop -.20
[14:30] {ese} L tol .00
[14:31] {ese} bastard put a limit buy at .00 but i didn't mean fill it there..........sheesh....couple of cents cheaper would have been good
[14:31] {ese} ok ok.......i'm loosin it....I get that
[14:32] {dino} mgi drop
[14:32] {dino} hl l .73
[14:33] {ese} for a second there I thought I saw mig drop..................Russian jet
[14:42] {dino} mgi out, ouch
01[15:00] {&Threei} Long Setup:  C  .80 break
01[15:00] {&Threei}  If holds  .75
01[15:02] {&Threei}  Invalidated
[15:14] {+cc_9} ok folks, have a great close!
01[15:25] {&Threei} Short Setup: GLD  .75 break
01[15:25] {&Threei}  If holds  .80
01[15:28] {&Threei}  Invalidated
01[15:33] {&Threei} Short Setup: GLD  .80 break
01[15:33] {&Threei}  If holds  .85
01[15:38] {&Threei}  valid still
[15:41] {ese} out tol. .02 +.02    damn thing took a tol on me thats for sure
[15:43] {dino} gimo hl l ave .25
01[15:44] {&Threei}  Invalidated
01[15:44] {&Threei}  4 trades that don't want to set up
01[15:44] {&Threei}  I guess someone up there is telling us sdomething
[15:44] {ese} you gonna hold that overnight dino
[15:45] {dino} no
[15:45] {dino} lod break is stop
[15:47] {dino} stopped
[15:48] {dino} should have stayed on vacation, struggling yesterday and today
[15:49] {ese} me as well
[15:49] {ese} you'd think this stupid market would bend to our wills.....but no......it's gotta do it's own thing
[15:49] {dino} going to sit back and slow down tomorrow....too many trades today
[15:50] {dino} gimo rinsed to my .5 stop
[15:50] {dino} .05
[15:50] {dino} wtf
[15:51] {ese} traded 13100 shs of various things today and have a couple of hundred bucks to show for it
[15:51] {ese} i'd like to second tha wtf
[15:51] {dino} about 8000 shares here and negative
01[15:51] {&Threei}  OK guys, thank you all
[15:51] {ese} cya vad
01[15:52] {&Threei}  have a good evening, see you tomorrow
[15:52] {dino} take care vad
[15:52] {ese} no wait!.......i wanna go long huge here
[15:52] {ese} wha da ya think?
[15:52] {dino} look gimo, ugh
[15:52] {ese} lol
[15:53] {ese} right at the last flippin second eh
[15:53] {ese} minute
[15:53] {ese} almost
[15:53] {dino} yes, hits my stop and jumps
[15:54] {ese} been there
[15:54] {dino} had 4 rinses yesterday
[15:54] {ese} too many times
[15:54] {dino} time to adjust system
[15:55] {ese} ya...am gonna have to look at mine....cya tomorrow buddy
[15:55] {dino} take care
[15:55] {dino} out of here too

July 15 2013

Quiet, low volume, boring and... nicely profitable day. After shaky start we caught our stride and hit a few nice juicy trades. How's this for low volume, as of 15:30:

NYSE volume 360M shares, about 25% below its three-month average

NASDAQ volume 1.14B shares, about 17% below its three-month average

Session Time: Mon Jul 15 00:00:00 2013

[09:06] {dino} gm

01[09:06] {&Threei}  dino, welcome back

[09:08] {dino} ty

[09:12] {+cc_9} Good morning folks

01[09:12] {&Threei}  cc9 :)

[09:19] {cipher} gm

01[09:19] {&Threei}  cipher :)

[09:24] {Alexs} gm

01[09:24] {&Threei}  alex :)

[09:25] {RonS} good morning everyone

01[09:25] {&Threei}  ron :)

[09:26] {bbobr} gm

01[09:27] {&Threei}  bbobr :)

[09:28] {ese} morning

01[09:28] {&Threei}  ese :)

[09:28] {ese} dino

01[09:28] {&Threei}  quiet opening, looks like

[09:28] {ese} ron bb alex cc

[09:29] {RonS} ese = walmart greeter certified...

[09:30] {ese} lol

01[09:30] {&Threei} Short Setup: GLD  124 break

01[09:30] {&Threei}  If holds  .10 

01[09:35] {&Threei}  no worky

01[09:36] {&Threei} Long Setup:  IWM  .10 break

01[09:38] {&Threei}  change to 103 break

01[09:38] {&Threei}  If holds  .90 

[09:38] {dino} onvo sm l .00 stop .74

[09:38] {+cc_9} JPM intraday drop, scaling light long

01[09:44] {&Threei}  not delighted

01[09:45] {&Threei}  something's bothering SPY

[09:45] {dino} onvo stop

01[09:46] {&Threei} Short Setup: GDX  .50 break

01[09:46] {&Threei}  If holds  .55 

01[09:51] {&Threei}  frikin IWM

01[09:51] {&Threei}  rinsed

01[09:52] {&Threei}  GDX stop to .53

01[09:52] {&Threei}  acts right but takes way too long

[09:57] {dino} jbht sm s .19 

[09:58] {ese} also check out crm and ctxs dino........looks like retrace days for both....potential future L

01[09:59] {&Threei}  *(US) MAY BUSINESS INVENTORIES: 0.1% V 0.0%E

01[10:00] {&Threei}  (EU) IMF: Have seen an indication that the number of financial transactions have declined since the financial transaction tax (FTT, tobin) proposal was introduced in France and Italy

01[10:00] {&Threei}  what a discovery... you get less of what you tax. Real revelation

01[10:00] {&Threei}  1:1 GDX

[10:01] {dino} ty ese

[10:04] {dino} ingr sm l .01

[10:06] {dino} jbht stop .51 -.31

01[10:06] {&Threei} Short Setup: CAT  .45 break

01[10:06] {&Threei}  If holds  .50 

[10:06] {dino} out ingr .33, 

[10:06] {dino} +.32

01[10:09] {&Threei}  meh

[10:11] {dino} ingr sm l .80

[10:13] {+cc_9} JPM slide continues, no reversal yet. cost @ 54.88

01[10:15] {&Threei} Short Setup: C  .50 break

01[10:15] {&Threei}  If holds  .60 

[10:15] {Alexs} too fast

01[10:16] {&Threei}  stop .56

[10:16] {ese} L ctxs .06

[10:18] {ese} L vz .94

01[10:18] {&Threei}  half out

01[10:18] {&Threei}  stop .51

[10:19] {ese} crm is my next victum

01[10:22] {&Threei}  1/4 more out

01[10:22] {&Threei}  stop to .46

[10:23] {nemo} this might be the inflection on c

01[10:24] {&Threei}  unless infection by JPM takes over

[10:24] {nemo} BTDs

01[10:25] {&Threei}  what happened to f?

[10:25] {nemo} Bank Transmitted Diseases

01[10:25] {&Threei}  lol

[10:26] {nemo} What was it Les picked up from those sheep?

[10:29] {+cc_9} JPM absolute garbage

01[10:35] {&Threei}  1:3

01[10:35] {&Threei}  out

01[10:35] {&Threei}  whew

01[10:36] {&Threei}  life becomes better

[10:42] {dino} bpt drop

01[10:46] {&Threei} Long Setup:  JPM  .70 break

01[10:46] {&Threei}  If holds  .60 

[10:46] {+cc_9} If the move today in JPM is an exact repeat of Thursday's (gap up, dump, slight reversal) then the time is now 

01[10:47] {&Threei}  feels like it's ready

[10:48] {nemo} closer to .50 me thinks

01[10:50] {&Threei}  C revered

01[10:50] {&Threei}  recovered

[10:53] {nemo} apc

01[10:53] {&Threei}  ok JPM... wake up

[10:55] {+cc_9} JPM needs 54.81 breakout

[10:55] {+cc_9} getting some bids now

[10:56] {dino} crm sm l .50

[10:57] {RonS} weird took sm l bpt 88.50 sold 89.60 but the sale did not print in the t&s...anyway, thanks dino

[10:59] {+cc_9} JPM, lets see .81 bids for a nice reversal 

01[10:59] {&Threei}  1:1

[11:00] {ese} out ctxs .47 +.41 in honor of dino coming back to the board

[11:01] {robbers} Nice call, JPM and C, too.

[11:01] {nemo} LVS looks ready to break

[11:02] {+cc_9} JPM 2min looking for pattern similar to CTXS

[11:03] {+cc_9} 54.80 wall

[11:04] {nemo} hey Vad!  how about that monastery right about now

[11:05] {dino} out crm .54 +.04

01[11:08] {&Threei}  why?

[11:08] {nemo}  anything better than this market right now

[11:08] {nemo} I know a great one in Germany...best beer I ever had

[11:08] {nemo} Kloster Andechs

[11:09] {+cc_9} .80 major wall JPM

[11:09] {nemo} [11:04] {+cc_9} 54.80 wall

[11:11] {+cc_9} oups, i guess said that already

[11:11] {nemo} np

[11:12] {nemo} http://explore.org/#!/live-cams/player/brown-bear-salmon-cam-brooks-falls

[11:13] {nemo} lvs again

[11:14] {+cc_9} JPM consolidation, needs volume on next leg

[11:14] {dino} mhfi sm s .40

[11:18] {RonS} anyone see that "sharknado" movie...any good?

01[11:19] {&Threei}  per reviews, the worst ever

[11:19] {RonS} so bad it's good a la Ed Wood's movies?

[11:19] {ese} L crm .59

01[11:20] {&Threei}  this is what I am thinking

01[11:20] {&Threei}  but I am hardly a standard post, I enjoyed "2012"

01[11:21] {&Threei}  my recipe - dismiss all the stupid plot lines, flat characters and ridiculous dialogues, and watch the scenes of mass destruction only

[11:21] {ese} hmmmmmmmmm

[11:21] {ese} definitely something to consider

[11:22] {nemo} Saw a documentary on Ed Wood...all those movies done in the Phillipines

[11:23] {nemo} the doco was hilarious

[11:24] {nemo} so, whaddya' think about the Trayvon stuff?  I guess the facts don't matter to the public.

01[11:24] {&Threei}  when did they...

[11:24] {nemo} yeah

[11:24] {dino} exactly what i think nemo

[11:24] {dino} cov mhfi .20, +.20

[11:25] {nemo} 84% have average to less than average intelligence, so rational thought is kinda' out the window

[11:25] {ese} out vz .50 +.05

[11:25] {ese} sheesh...like pulling teeth these days

[11:28] {+cc_9} JPM a real dog

01[11:29] {&Threei}  - The June advanced retail sales data was pretty disappointing. The shortfall was largely due to a much-smaller-than-expected rise in the gasoline station and to an unexpected drop in the building materials sector. Sales of building materials fell by the most in a year, a potentially worrying sign for the housing market.

[11:29] {dino} was it this slow last wek

[11:29] {dino} week?

01[11:29] {&Threei}  The July Empire survey crushed expectations on a big reversal in shipments and new orders from the dismal June survey.

[11:29] {ese} yes

01[11:29] {&Threei}  mostly, yes

[11:30] {+cc_9} SPY session highs, JPM session lows

[11:31] {RonS} lol...1st Preview of Sharkakahn by @TMZ pic.twitter.com/WG65uVjEpc

03[11:31] * Retrieving #discussions modes...

[11:35] {ese} out crm .60 +.01

[11:35] {ese} nothins working like i think it should...

[11:35] {RonS} gj....coulda been .00775

[11:36] {ese} eggzactilly

[11:36] {+cc_9} is JPM part of the S&P or does it trade on the south african exchange

[11:36] {dino} jbht sm s .50

[11:37] {ese} rotflol

[11:37] {RonS} qotd:  More like NightmareLiner

[11:38] {+cc_9} Markets blasting through session highs, JPM is now a component of the uvxy

[11:38] {+cc_9} cant even get through .80

[11:40] {RonS} strike 3? prepare for the wrath of nemo?

[11:40] {ese} blasting BLAsting????BLASTING???????  what your defininition of blasing

[11:41] {+cc_9} printing session highs, good enough to be called a blast

[11:41] {+cc_9} even HOG on a downgrade was able to come back. JPM needs to downgrade itself

[11:42] {+cc_9} needed 54.83 to unload, get .80 stall then pullback. *yawn*

[11:43] {RonS} guessing cc not a sports announcer...

[11:43] {dino} czr spike

[11:44] {+cc_9} annnnnnnnnnd session lows JPM

[11:44] {RonS} ...thinking cc a dead horse flogger...:D

[11:45] {nemo} doesn't go any lower than .45 methinks

[11:45] {nemo} I thought it would get back to .50ish anyway

01[11:48] {&Threei} Long Setup:  C  .25 break

01[11:48] {&Threei}  If holds  .18 

[11:49] {ese} ok......I have a solution to this......can't believe i didn't think of this in past years

[11:49] {ese} "short the World"?????

[11:49] {ese} huh....wha da ya think....huh?   short the world

[11:49] {+cc_9} idk what is worse, Sharknado, or my JPM position

[11:50] {ese} should about take care of things

[11:50] {RonS} exterminate everyone over 4' tall?

[11:51] {ese} ?

[11:51] {ese} ya got me there

[11:51] {RonS} ...short the world...

01[11:52] {&Threei}  I dunno... I'd start with firing anyone whose name starts with Ben Bernan

01[11:53] {&Threei}  {nemo} didn't you mean "firing at"?

[11:54] {ese} L c .26

[11:54] {ese} me and you vad....."against the World!"

[11:55] {+cc_9} ese, be a team player

[11:55] {+cc_9} buy more JPM

[11:55] {+cc_9} less C

01[11:55] {&Threei}  stop to under .20

01[11:55] {&Threei}  1:1

[11:56] {ese} 1/2

01[11:59] {&Threei}  1:2

[11:59] {ese} indeed

01[12:00] {&Threei}  day turns bright

[12:00] {ese} and hot

[12:02] {ese} out in full .48 +.22

[12:02] {ese} good enough

[12:02] {ese} tks vad

[12:02] {dino} gj

01[12:03] {&Threei}  1:3, out

01[12:03] {&Threei}  yw

[12:04] {+cc_9} need JPM to pull a similar C move :(

[12:04] {+cc_9} why does it seem like asking for a lot

[12:15] {ese} L c .51

[12:16] {Will49} Test

[12:17] {+cc_9} JPM can...u...just...uptick..a ...little...pls ?

[12:19] {+cc_9} stuck @ same range since 10:00AM lol wow

[12:22] {dino} odd 07 red but mkts hod

[12:22] {nemo}  ffiv bounce point

[12:24] {+cc_9} WFC, GS, C, BAC all reversing and moving higher. Will sit on this JPM longer

[12:25] {ese} out c .63 +.12

[12:27] {dino} mhfi sm s .62

[12:29] {+cc_9} would like to see a FB type move

[12:32] {RonS} something you can "like"?

[12:33] {RonS} hey ese...

[12:33] {ese} y

[12:33] {RonS} rkus has a monster volume pocket overhead...something to watch...

[12:34] {+cc_9} JPM is algo spread trading its own stock

[12:34] {ese} tks  will do

[12:34] {nemo} hey, who would know more about it's behavior

[12:34] {dino} jbht stop .90

[12:41] {dino} powi sm s .70 stop .76

[12:41] {dino} gmcr spikey

[12:44] {ese} It would appear as though I miss judged C

[12:45] {dino} powi stop -.06

01[12:48] {&Threei}  wow C

[12:49] {ese} yup

01[12:51] {&Threei}  LOL: I have ACD and ADD. So everything has to be perfect. But not for very long.

01[12:51] {&Threei}  OCD

[12:51] {+cc_9} not going up when all banks going up, but go down when banks go down JPM

[12:55] {+cc_9} JPM feels like finding someone u like, date them for long enough to say "well, im already commited", then find out they are married

[12:56] {dino} hrs sm l .51

[12:56] {nemo} fdx

[12:59] {dino} out hrs .91, +.40

[13:11] {+cc_9} JPM upticking ? this can't be

[13:16] {dino} mhfi stop -.08

01[13:17] {&Threei}  Holder on Zimmerman case

[13:41] {nemo} bull flags on the indexes

[13:42] {ese} I like that in a bull

[13:43] {ese} c worth another look vad?

[13:44] {+cc_9} JPM going on 4 hours same range, word record

[13:44] {+cc_9} GOOG @ historical highs

[13:44] {dino} chrw spike

[13:45] {ese} L c .8899023

[13:45] {dino} sm s .03

[13:54] {ese} L c avg .8699901

01[13:56] {&Threei}  I am not too jazzed ese

01[13:56] {&Threei}  kind of lost drive

01[13:56] {&Threei}  C, not I

[13:56] {ese} lol

[13:57] {ese} gonna try and squeeze .12 out of it

[14:00] {dino} cov chrw .93, +.10

[14:15] {RonS} hey ese...

[14:19] {ese} yo

[14:19] {ese} out c .88 +.0299901

[14:20] {RonS} opinion on that strange looking drummer w/ No Doubt...

[14:21] {ese} callin it quits for the day....have got work on the rental property next door......new tennants aug 1 ...cya tomorrow

[14:21] {ese} remind me tomorrow ron.....cya eh

[14:21] {RonS} ...and btw Gwen Stefani absolutely rocks...a great performer

[14:21] {dino} cya ese

[14:21] {dino} gwen is hot

[14:35] {dino} mhfi s .81

[14:38] {+cc_9} JPM come on...

[14:46] {+cc_9} JPM thank you jesus

[14:47] {+cc_9} nevermind

[14:47] {+cc_9} did not clear .81 yet

[14:53] {+cc_9} .81 was highest bid, back below...

[14:54] {dino} cov mhfi .71 +.10

01[14:58] {&Threei}  this thing trades like a jellyfish, cc9

[15:00] {+cc_9} Vad, JPM my only trade today, been sitting in it since 9:50

[15:00] {+cc_9} have avg price 54.80

[15:00] {+cc_9} cant seem to break even

[15:00] {+cc_9} last hour, literally definition of a cancerous trade

[15:02] {+cc_9} at this rate, i will need the after hours to stay open until 1AM

[15:11] {+cc_9} ok, maybe now

01[15:21] {&Threei} Short Setup: FB  .35 break

01[15:21] {&Threei}  If holds  .40 

[15:23] {+cc_9} all out JPM

[15:23] {+cc_9} +$400

[15:23] {+cc_9} all day for $400

[15:23] {+cc_9} jeeez

01[15:23] {&Threei}  cry me a river

[15:23] {dino} seriously

[15:24] {nemo} this will likely be lowest spy volume of the year

[15:24] {nemo} 68 mil on 2/12

[15:27] {Alexs} what was that FB setup Vad? 

01[15:27] {&Threei}  double top, lower high

[15:28] {Alexs} tops 14:59 and 15:15?

01[15:29] {&Threei}  rather 13:42

[15:30] {Alexs} ok thanks

01[15:37] {&Threei}  - NYSE volume 360M shares, about 25% below its three-month average

01[15:37] {&Threei}  wow

01[15:37] {&Threei}  NASDAQ volume 1.14B shares, about 17% below its three-month average

[15:37] {dino} nobody playing the game

01[15:38] {&Threei}  we have something from Ben coming this week again

[15:38] {nemo} no fear anywhere...they know the Central Banks will do whatever it takes to support the markets

01[15:38] {&Threei}  atill, market became very sensitive to what he is saying again, after all the taper talk

01[15:39] {&Threei}  and there is a lot of guessing, interpretations and misinterpretations

[15:39] {nemo} yeah, they threw up the trial balloon and saw what happened and adjusted accordingly

01[15:39] {&Threei}  no one wants to be the last one in music chair game

01[15:39] {&Threei}  it may be more than trial balloon

01[15:40] {&Threei}  it may actually be an attemot to manage the bubble by jawboning

[15:40] {dino} it is

01[15:40] {&Threei}  think of it this way: if they can keep market from exploding and imploding by carefully crafting the taper on/taper off message,

01[15:41] {&Threei}  it's an idea way for them, no need for actual policvy change

01[15:41] {&Threei}  ideal

01[15:41] {&Threei}  they can keep things steady by talking

01[15:42] {&Threei}  "unleash the dove," and market stops falling

01[15:42] {&Threei}  "unleash the hawk," and market stops skyrocketing

01[15:43] {&Threei}  half out FB

01[15:43] {&Threei}  stop to .36

01[15:44] {&Threei}  Violence erupts during Cairo pro-Morsi protest

01[15:44] {&Threei}  well, it erupted just as well during anti-Morsi protests

01[15:45] {&Threei}  if they reported "violence erupts, and thnat's all you need to know," I'd consider it just as fair and balanced reporting

[15:45] {dino} epzm sm s .09

[15:46] {dino} powi sm s .54

[15:49] {dino} its never un-biased

[15:50] {+cc_9} lol

[15:50] {+cc_9} waited all day for this JPM

01[15:50] {&Threei}  good boy FB

01[15:50] {&Threei}  die more

01[15:50] {&Threei}  die harder

[15:51] {robbers} Out FB, thanks Vad.

01[15:51] {&Threei}  yw

01[15:51] {&Threei}  eked out nice day, eh

[15:55] {dino} cov powi .40, +.14

[15:57] {dino} cov epzm .70, +.39

01[15:58] {&Threei}  ok... covering last piece

01[15:58] {&Threei}  we are adjusting to this swamp I believe

01[15:59] {&Threei}  thank you all, have a good evening

01[15:59] {&Threei}  see you tomorrow

[16:01] {dino} gn all