Wednesday, July 24, 2013

July 24 2013

About flat day with listless trading. Missed some opportunities on our traditional signature dish, GDX short, got a bit too used to fading over last weeks... oh well.

Session Time: Wed Jul 24 00:00:00 2013
[09:01] {nemo} Europe up big
01[09:01] {&Threei}  mazeltov
[09:02] {nemo} oy vay
[09:13] {+cc_9} If anyone wants to see a real volatile stock today take a look at SRPT in pre-market. $68 high and $43 low
[09:17] {RonS} howdy everyone
[09:18] {cipher} gm
01[09:18] {&Threei}  ron, cipher :)
[09:21] {bbobr} gm
01[09:21] {&Threei}  bbobr :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:27] {+cc_9} Moment of truth for SRPT @ the open, stock already traded 2x avg daily volume in pre-market alone, this will be a very active high beta stock
01[09:27] {&Threei}  aka widowmaker
[09:28] {+cc_9} widow, orphans, the whole 9 yards
01[09:31] {&Threei} Short Setup: GDX  .28 break
01[09:31] {&Threei}  If holds  .10
[09:32] {+cc_9} trying some SRPT long here for a quick scalp
01[09:34] {&Threei}  1:1
[09:35] {+cc_9} our SPRT +$1.10
[09:36] {+cc_9} will revisit on $47 break IF gets there
01[09:40] {&Threei} Short Setup: F  .40 break
01[09:40] {&Threei}  If holds  .45
01[09:40] {&Threei}  Russia gives Edward Snowden documents allowing him to leave Moscow airport, source tells RIA Novosti state news agency
[09:44] {+cc_9} SRPT at pre-market lows
01[09:46] {&Threei} Long Setup:  C  53 break
01[09:46] {&Threei}  If holds  .95
[09:46] {ese} forgot to say good morning
01[09:46] {&Threei}  ese :)
[09:49] {ese} L armh .19
01[09:51] {&Threei}  1:1
[09:52] {+cc_9} OC big drop
[09:55] {+cc_9} SRPT yup, widow maker
[09:57] {+cc_9} SRPT already trading 5x avg daily volume
[09:57] {ese} armh stopped .80
[09:58] {+cc_9} OC looking for an entry over $39
[10:00] {thomcbell} wow srpt
01[10:00] {&Threei}  *(US) JUN NEW HOME SALES: 497K V 484KE
[10:01] {thomcbell} I live in Brooklyn NY - real estate market is retarded here - Crown Heights has been a fairly rough neighborhood for 40 years or more and home prices were up 44% in 12 months
[10:01] {+cc_9} SRPT $28 move from pre-market high
[10:01] {+cc_9} massive selling/shorting here on 2 min, near half a million
[10:04] {+cc_9} SRPT wow. Relentless
[10:06] {thomcbell} what was pre-martket high?
[10:07] {+cc_9} $68
01[10:07] {&Threei} Long Setup:  GDX  .90 break
[10:08] {+cc_9} SRPT by far the nuttiest chart i've seen in a long time for a listed stock
01[10:09] {&Threei}  Invalidated
[10:09] {ese} thats crazy selling for sure
[10:13] {+cc_9} Reading the news now on SRPT, its not really that bad...company is filing for new drug with the FDA in 2014
[10:13] {+cc_9} but then again, biotechs are 99% sentiment
[10:13] {nemo} biotech=women
[10:15] {+cc_9} SRPT very tempting, but just like women, gotta be careful with the temptations
[10:15] {nemo} yeah, we'd still be in The Garden of Eden if it weren't for them
01[10:15] {&Threei} Long Setup:  GDX  .70 break
01[10:15] {&Threei}  If holds  .60
[10:19] {thomcbell} what was the pattern there Vad?
[10:21] {Alexs} F SoMG!
01[10:21] {&Threei}  no clear pattern on its own, rather fo,llowing SLW which formed clearer reversal and served as a leader
[10:21] {thomcbell} yes that i see
[10:21] {thomcbell} thanks
[10:22] {+cc_9} SRPT, will only take another trade over $41 at this rate
[10:23] {ese} STX also getting pummeled cc
[10:24] {+cc_9} ese, SRPT gave a new definition for the word "pummeled"
[10:24] {+cc_9} STX looks like a baby fade in comparaison
[10:28] {ese} lol
[10:28] {ese} L armh .50
[10:28] {thomcbell} srpt defended at needham
[10:29] {thomcbell} $57 target
[10:29] {+cc_9} That's next to a slew of downgrades
[10:30] {+cc_9} stock will look slightly 'better' if it can cross $41
[10:30] {+cc_9} anything under 41 is capitulation
01[10:30] {&Threei}  half out GDX
[10:30] {nemo} cat
01[10:30] {&Threei}  stop to .64
[10:34] {+cc_9} SRPT no bounce, giving off negative feel to investors/traders
[10:34] {+cc_9} session lows
[10:35] {+cc_9} there was plenty time for "bargain hungers
[10:35] {+cc_9} hunters* to step in SRPT, they did not, very negative
[10:39] {+cc_9} SRPT now trading 7x avg daily volume with 5 hours to go, wowza
[10:41] {thomcbell} looks like it could make a quick run here
[10:41] {+cc_9} waiting on $41 before stelling back in
[10:41] {+cc_9} last wall it hit on that bounce earlier was 40.50
[10:43] {+cc_9} it can't slowdown or its back to sub 39, needs a fast move over $40.50 to get some in-flow and w/e short covering there is
[10:44] {+cc_9} SPRT 32% of the float is held short
[10:45] {Alexs} stop now .69?
[10:45] {+cc_9} Getting close to that $40.50 test
[10:46] {+cc_9} moment of truth SRPT, $0.10 to go
[10:50] {+cc_9} failed at the wall test
[10:53] {+cc_9} big seller on EDGX 40.27
[10:54] {RonS} not really...been some 10kr's
[10:55] {RonS} and no auto-refills to speak of...
[10:55] {nemo} cat
[10:55] {RonS} at 10 mil traded = 30% of float...
[10:57] {+cc_9} trouble at 40.50 but volume slowing down
01[10:58] {&Threei}  yes Alex, sorry, missed it earlier
[10:58] {+cc_9} 4th test of the mid 40s, failed again
[10:58] {Alexs} no problem thanks
[10:59] {+cc_9} SRPT : http://investorwand.com/recommendations/viewcompany/2486
[10:59] {+cc_9} but thats before today
[11:00] {+cc_9} going long SRPT here ahead of the 40.50 break for second trade
[11:01] {+cc_9} 40.50 crack, lets see if can push over 41 now
[11:02] {ese} daaaaa stopped armh .00
[11:06] {ese} L emc .00
[11:07] {+cc_9} SRPT looking for a 41 test
[11:07] {+cc_9} spread tightening a bit
[11:07] {+cc_9} over 8x avg daily volume
[11:08] {ese} might join ya
[11:09] {+cc_9} SRPT closing in 41 test, $0.10 to go
[11:10] {+cc_9} ton of FADF prints on SRPT
[11:10] {+cc_9} SRPT $41.00, big seller on ARCA/EDGX
[11:11] {+cc_9} selling half SRPT here to lock some profits +$0.65
[11:11] {+cc_9} holding rest
[11:15] {+cc_9} bounce players exiting positions here
[11:17] {+cc_9} no follow-through 41, 40 test now *yawn*
[11:17] {+cc_9} ese, ARMH made a nice bounce there
01[11:20] {&Threei}  too bad I abandoned fur boots trade for today
[11:23] {nemo} wow cat
01[11:25] {&Threei} Long Setup:  GDX  .40 break
01[11:25] {&Threei}  If holds  .30
[11:31] {+cc_9} TOL long here with stop loss 33.10
01[11:45] {&Threei} Long Setup:  GDX  .40 break
01[11:45] {&Threei}  If holds  .35
[11:49] {+cc_9} TOL flat lining, SRPT ditto stuck at 40 wall
[11:58] {Alexs} fur boots can't forgive you Vad
01[11:59] {&Threei}  apparently
[12:04] {ese} vad does not have fur boots
[12:04] {+cc_9} If there was one stock from yesterday that was worth keeping an eye on again was MLNX
[12:04] {ese} there leather
[12:04] {ese} and
[12:04] {ese}  a whip to match
[12:06] {+cc_9} SRPT no "bargain" hunters and volume slowing down, looks like most still view it "overvalued" in addition to the 35% short float.
[12:07] {+cc_9} bid is pegged @ 39.50
[12:12] {+cc_9} SRPT hostage taking by the spread trading algos
[12:12] {+cc_9} all the hoopla now flat line
[12:13] {+cc_9} out TOL
[12:14] {+cc_9} SPY cratering
[12:17] {ese} ok.....i'm now addmitting I am out of touch today....my emc position is doing well ummmm...lets say ok but my first 2 were disasters
01[12:19] {&Threei}  i't all nemo's fault btw
[12:19] {nemo} pisdah
01[12:19] {&Threei}  for the last 4 years he was warning us about boring summer trading, and was wrong 3 times. This time he is right
[12:20] {nemo} ?
[12:20] {nemo} pray, do tell...
01[12:20] {&Threei}  ?
[12:21] {RonS} he skipped the praying and already told...
01[12:21] {&Threei}  lol
[12:21] {nemo} kneel before Zod!
[12:21] {nemo} wow, not sure where that came from
01[12:21] {&Threei}  thus spake Zaratustra
[12:21] {RonS} ...for some reason loved that Sean Connery movie back in the day...
[12:21] {nemo} nah, Superman
[12:22] {nemo} ?
[12:22] {nemo} Ron, wrong movie
01[12:22] {&Threei}  nemo is full of question marks today
[12:23] {ese} phewwww
[12:23] {ese} tks...much appreciated......being absolved for my trading errors today......
[12:24] {ese} as we all know it's never our fault
[12:24] {ese} somebody out there has it in for us
[12:24] {ese} hmmmmmmm
[12:24] {+cc_9} For anyone interested, all the SRPT upgrades/downgrades for today : http://www.theflyonthewall.com/permalinks/entry.php/TSLA;LULU;SDRL;HBC;SRPTid1854425/TSLA;LULU;SDRL;HBC;SRPT-On-The-Fly-Premarket-Movers?symbol=SRPT
[12:24] {ese} wait a minute.....THATS NEMO!!!!!!!
[12:25] {ese} HES HAD IT IN FOR ME FROM THE BEGINNING!!!!!!!
01[12:25] {&Threei}  nemo... ese figured you out
01[12:25] {&Threei}  the jig is up
[12:25] {nemo} only took him how many years
[12:25] {+cc_9} The funny one in that list is Deutsche Bank
[12:25] {ese} ya eh!
[12:26] {+cc_9} they first give positive comment, then when other desks downgrade, they follow through and do the same
01[12:26] {&Threei}  lemmings
[12:30] {+cc_9} SRPT officially trading 10x avg daily vol
01[12:31] {&Threei} Long Setup:  IWM  .75 break
01[12:31] {&Threei}  If holds  .70
[12:32] {+cc_9} 40.00 rejected, back to .39.50 peg, bot day
[12:37] {+cc_9} ARMH nonstop
[13:01] {Will49} check'n in
[13:01] {+cc_9} SRPT @ LOD again
[13:01] {RonS} hi Will
[13:02] {Will49} hi...miss you guys ( a bit):)
[13:02] {RonS} sure miss your cornball humor...
[13:02] {Will49} now I don't miss you at all
[13:02] {Will49} kidding
[13:11] {+cc_9} SRPT getting close to plunge status
[13:11] {+cc_9} $0.20 from LOD
01[13:15] {&Threei}  (US) Pres Obama: US cannot afford a repeat of the debt ceiling fight; US must invest in education and infrastructure; phony scandals in Washington are distracting from the economy- Income inequality is morally wrong and bad economics - Calls on Republicans to offer plans to help working families; stakes are high for the middle class in the upcoming budget
01[13:15] {&Threei}  phony scandals in Washington are distracting from the economy
01[13:16] {&Threei}  yeah? maybe stop producing real ones?
01[13:16] {&Threei}  Income inequality is morally wrong - so, it's income equality you want?
[13:17] {thomcbell} Obama is Ellsworth Toohey
01[13:17] {&Threei}  The Marxist doctrine is omnipotent because it is true.
01[13:18] {&Threei}  It is comprehensive and harmonious, and provides men with an integral world outlook irreconcilable with any form of superstition, reaction, or defence of bourgeois oppression.
[13:29] {RonS} thank God this could never happen here:  China bans new government buildings in crackdown on waste | http://bloom.bg/18BrTFC
[13:33] {+cc_9} SRPT cratering
[13:33] {+cc_9} session lows 38, 0 buyers
01[13:44] {&Threei}  Royal baby named Prince George Alexander Louis
01[13:44] {&Threei}  whew... suspense was killing me
[13:47] {nemo} Costanza in there anywhere?
[13:52] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:52] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:52] {nemo} up a conversation with your fellow passenger."
[13:52] {nemo} The little girl, who had just started to read her book, replied to the total
[13:52] {nemo} stranger, "What would you want to talk about?"
[13:52] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:52] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:52] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:52] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:52] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:52] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:52] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:52] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:52] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:52] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:52] {nemo} And then she went back to reading her book.
[13:53] {nemo} did that come through
[13:53] {nemo} An atheist was seated next to a little girl on an airplane and he turned
[13:53] {nemo} to her and said, "Do you want to talk? Flights go quicker if you strike
[13:53] {nemo} up a conversation with your fellow passenger."
[13:53] {nemo} The little girl, who had just started to read her book, replied to the total
[13:53] {nemo} stranger, "What would you want to talk about?"
[13:53] {nemo} "Oh, I don't know," said the atheist. "How about why there is no God,
[13:53] {nemo} or no Heaven or Hell, or no life after death?" as he smiled smugly.
[13:53] {nemo} "Okay," she said. "Those could be interesting topics but let me ask
[13:53] {nemo} you a question first. A horse, a cow, and a deer all eat the same
[13:53] {nemo} stuff - grass. Yet a deer excretes little pellets, while a cow turns
[13:53] {nemo} out a flat patty, but a horse produces clumps. Why do you suppose that is?"
[13:53] {nemo} The atheist, visibly surprised by the little girl's intelligence,
[13:53] {nemo} thinks about it and says, "Hmmm, I have no idea." To which
[13:53] {nemo} the little girl replies, "Do you really feel qualified to discuss
[13:53] {nemo} God, Heaven and Hell, or life after death, when you don't know shit?"
[13:53] {nemo} And then she went back to reading her book.
01[13:54] {&Threei}  hmmm
01[13:54] {&Threei}  deja vu
[13:56] {RonS} pray, and don't tell again?...wait a month next time...not two weeks  ;)
[14:03] {ese} ok ....now thats a good one!
[14:03] {RonS} beautiful sight this morning...family of four cooper's hawks ripping apart a rabbit in the back yard...
[14:06] {ese} wow
[14:07] {RonS} classic:  http://www.slate.com/articles/news_and_politics/low_concept/2013/07/carlos_danger_name_generator_use_our_widget_to_get_a_name_like_anthony_weiner.html
[14:07] {ese} i guess that ranks up with things you don't see every day
[14:07] {ese} L spy .50
[14:08] {RonS} ya, they rarely go after adult rabbits because the birds are too small to lift them
[14:10] {RonS} guess w/ 2 teenagers and mom & dad they figured could rip it apart to carry off
[14:11] {RonS} the hatclings go from newborn to flying in 2 months...it is amazing
[14:11] {RonS} hatchlings
[14:13] {RonS} 2 weeks to learn to fly and then parents spend 'til first frost teaching how to hunt and kill
[14:13] {RonS} ...then all on their own...
[14:15] {RonS} bidu just ripped $3
[14:19] {thomcbell} lvs looks like a possible entry here 54.85 long break that it just briefly went thru
[14:22] {thomcbell} lvs invalidated obviously
[14:28] {RonS} tol is really heavy but someone put on a dec 35/40 call spread for 1.20 2350 times 282k bet
[14:32] {RonS} wow look volume qcom sept 67.50 45-46k at .50 would be a 2.25 mil bet
[14:38] {RonS} thought those birds took the rabbit, but hid it under some pine needles...now back pecking away
[14:39] {RonS} vmw squeeze
01[14:41] {&Threei} Short Setup: GLD  .25 break
01[14:43] {&Threei}  invalidated but on watch
01[14:44] {&Threei}  venturing in different genre: http://goo.gl/mYRjqr
01[14:48] {&Threei} Short Setup: GLD  .40 break
01[14:48] {&Threei}  If holds  .45
[14:53] {thomcbell} pretty horrendous action srpt - if that low breaks i could see it down near 3-35
[14:53] {thomcbell} 34.35
01[14:56] {&Threei} Short Setup: GLD  .45 break
01[14:56] {&Threei}  If holds  .50
01[15:04] {&Threei} Short Setup: GLD  .50 break
01[15:04] {&Threei}  If holds  .55
01[15:07] {&Threei}  1:3 please, GLD
01[15:22] {&Threei}  grrr
01[15:23] {&Threei} Short Setup: FB  .30 break
01[15:23] {&Threei}  If holds  .36
01[15:24] {&Threei}  FB reports after close today, let's see if there is some fear in the air
[15:24] {nemo} lotsa' firms reporting
[15:25] {nemo} amzn I think also
01[15:25] {&Threei}  V, QCOM
[15:26] {nemo} V will be important
01[15:26] {&Threei}  AMZN is tomorrow
01[15:32] {&Threei}  frikin GLD
01[15:40] {&Threei}  last try
01[15:40] {&Threei} Short Setup: GLD  .50 break
01[15:40] {&Threei}  If holds  .55
01[15:42] {&Threei}  meh
01[15:44] {&Threei} Short Setup: FB  .40 break
01[15:44] {&Threei}  If holds  .45
01[15:46] {&Threei}  change to .45 break
01[15:47] {&Threei}  if that's a fake breakout, that's our last chance to utilize it
01[15:47] {&Threei}  If holds  .50  of course
01[15:49] {&Threei}  die FB
01[15:49] {&Threei}  and die fast
[15:50] {ese} well...tomorrows another day...cya
01[15:50] {&Threei}  take care ese
01[15:54] {&Threei}  shrug
01[15:54] {&Threei}  whatever
01[15:54] {&Threei}  sniff
01[15:54] {&Threei}  have a good evening guys, see you tomorrow
[15:55] {Alexs} take care Vad



Tuesday, July 23, 2013

June 23 2013

Decently profitable day, with well-controlled stops and a few juicy winners. The resilience of this market is remarkable, nothing brings it down.

Session Time: Tue Jul 23 00:00:00 2013
[09:18] {dino} gm
01[09:18] {&Threei}  morning dino
[09:19] {cipher} gm
01[09:19] {&Threei}  cipher :)
[09:19] {RonS} here
[09:19] {bbobr} gm
01[09:19] {&Threei}  ron, bbobr :)
[09:24] {Alexs} gm
01[09:24] {&Threei}  alex :)
[09:25] {nemo} http://www.youtube.com/watch?v=oH_Qb4fdHfg&feature=youtu.be&a
[09:26] {ese} gm
[09:26] {nemo} sheesh...out of wine
01[09:26] {&Threei}  ese :)
[09:29] {ese} lol
[09:29] {ese} don t ya hate it when that happens early in the morning
01[09:30] {&Threei} Short Setup: GDX  .40 break
01[09:30] {&Threei}  If holds  .45
01[09:34] {&Threei}  Invalidated
01[09:36] {&Threei} Short Setup: GDX  .55 break
01[09:36] {&Threei} Short Setup: FCX  .55 break
01[09:37] {&Threei}  GDX got away
01[09:37] {&Threei}  FCX, if stays under .62
01[09:39] {&Threei}  no worky
[09:40] {dino} dxx sm l .30
[09:41] {cipher} DXX?
01[09:43] {&Threei} Long Setup:  GDX  .25 break
01[09:43] {&Threei}  If holds  .17
[09:44] {dino} idxx sorry
[09:44] {+cc_9} good morning everyone.
[09:44] {cipher} np
01[09:44] {&Threei}  cc9 :)
[09:44] {nemo} .17 is Weekly R1
[09:45] {dino} out idxx 93.80, +1.50
[09:45] {+cc_9} DUST looking very attractive at these levels
[09:46] {dino} tough crowd
[09:46] {dino} mlnx drop
[09:46] {+cc_9} IDXX my type of trades, well done nimo
[09:46] {+cc_9} I shoulda came in early
[09:47] {+cc_9} dino*
[09:47] {+cc_9} nimo = nemo + dino
[09:47] {dino} ty, lol
[09:48] {nemo} sorry dino
[09:49] {nemo} pissin' down rain here
[09:49] {dino} send it my way nemo
[09:50] {nemo} yeah, we kinda' needed it too
01[09:50] {&Threei}  wtf
[09:50] {+cc_9} nice signal on MLNX
[09:50] {+cc_9} out MLNX +$0.23, thx dino.
[09:51] {+cc_9} DD big fade on gap
[09:51] {dino} wat all over the tape
[09:52] {dino} np, gj cc9
01[09:53] {&Threei} Short Setup: CAT  86 break hl
01[09:53] {&Threei}  late...
[09:53] {nemo} dd bounce likely here
01[09:54] {&Threei}  valid again on a break
01[09:54] {&Threei}  If holds  .10
[09:54] {+cc_9} DUST so far so good
[09:55] {+cc_9} looking for 78+ tgt
[09:55] {nemo} ah shit..now I'm hearing Kansas songs
[09:55] {dino} dust in the wind, huh?
[09:55] {nemo} yeah,
[09:55] {nemo} I liked Masque the best
[09:55] {nemo} sso bounce territory
01[09:56] {&Threei}  stop to .06
[09:56] {nemo} dd break of .80 holds .70
[09:58] {+cc_9} Long DD here
[09:58] {nemo} it's having a bit more difficulty here tan I expected
01[09:59] {&Threei}  *(US) JULY RICHMOND FED MANUFACTURING INDEX:-11 V 9E
[09:59] {+cc_9} nemo, ditto, needs back over 59 for solid reversal
01[10:00] {&Threei}  *(EU) EURO ZONE JULY ADVANCE CONSUMER CONFIDENCE: -17.4V -18.3E
01[10:00] {&Threei}  out
01[10:01] {&Threei}  DD starts working
[10:02] {+cc_9} here we go
[10:02] {+cc_9} 59.375 tgt for now
[10:02] {nemo} what's wrong with .378?
[10:03] {+cc_9} it does not end with 5
[10:03] {nemo} ahhh, neither do you
[10:03] {+cc_9} if you say so
[10:03] {nemo} ok +cc_5
01[10:03] {&Threei}  cc_9.375
[10:03] {+cc_9} lol
[10:04] {nemo} +CC_3.1416
[10:04] {+cc_9} come on DD, push 59.10 already
[10:04] {nemo} this top is the 3 min/34 ema
[10:04] {+cc_9} target changed from 59.375 to 59.40
01[10:04] {&Threei} Short Setup: C  .10 break
[10:04] {nemo} whoa, have to call him +CC_9(brass)ball
[10:05] {dino} 07 red
[10:05] {nemo} IWM weak, about to close gap
01[10:06] {&Threei}  If holds  .20
[10:07] {nemo} spy at pivot
[10:07] {+cc_9} 59.10 is breakout price
[10:07] {nemo} iwm at yesterday close
[10:07] {nemo} sso CC
[10:07] {nemo} fas pivot .95
[10:09] {+cc_9} S&P opened at another record high nemo, im trying to figure out if SSO trade here will be worth it
[10:09] {nemo} iwm fas and spy coming into support together, that tends to work
[10:09] {nemo} let me pull my head out of my ass to get a better look
01[10:10] {&Threei}  half out .03
[10:10] {nemo} Qs coming into S1
01[10:10] {&Threei}  stop to .16
[10:10] {+cc_9} DD testing intraday support
[10:11] {+cc_9} MLNX @ yesterday's LOD fwiw
[10:14] {+cc_9} DD taking out the lows
[10:15] {dino} mlnx definition of "pulp"
[10:16] {dino} watching silc for gap fill
[10:16] {+cc_9} added DD 58.50
01[10:16] {&Threei}  frikin CAT
[10:16] {+cc_9} sitting tight now avg .73
[10:16] {dino} wat trades in bucks, need it to calm down
[10:17] {ese} L gdx .52
[10:17] {+cc_9} MLNX flushing below yesterday's lows, no position. Baby sitting DD for now
[10:18] {dino} gap around 44.33
[10:19] {+cc_9} good call nemo on IWM/FAS/SSO bounce play
[10:19] {nemo} nemo=broken clock=right twice a day.  Less if you ask my girlfriend
[10:20] {dino} silc gap fill
[10:20] {dino} sm l .82 ave
[10:21] {ese} L arry .56
[10:22] {Alexs} C trail to .11 now?
01[10:24] {&Threei}  sure
01[10:25] {&Threei}  1/4 more out .92
01[10:25] {&Threei}  trail to .06
[10:26] {dino} out silc .47 ave -.35
[10:33] {dino} silc sm l .15
01[10:33] {&Threei}  NYSE volume 145M shares, about 3% below its three-month average;
01[10:34] {&Threei}  (US) House Speaker Boehner (R-OH): There will be no increase in the debt ceiling without spending cuts.
01[10:35] {&Threei}  for today, CAT changes its symbol to RAT
[10:35] {Alexs} lol
[10:42] {dino} trv drop
[10:43] {ese} out gdx .81 +.25
[10:44] {dino} gj
[10:44] {ese} tks
01[10:44] {&Threei} Short Setup: GLD  .80 break
01[10:45] {&Threei}  If holds  .85
01[10:47] {&Threei}  1:1
01[10:48] {&Threei}  C stop to .01 now
[10:48] {dino} usna drop
01[10:48] {&Threei}  GLD... fading .80 breakout... strategy works :)
[10:48] {+cc_9} DD ruining my day
[10:50] {nemo} it's been riding the sma20 all the way down
01[10:51] {&Threei}  out C in full
01[10:51] {&Threei}  .82
[10:52] {nemo} UPS might provide a decent short opportunity hear if it stays below .25
[10:52] {ese} out arry F!!!!!!!!!!!!!! .26 -.29 F!!!!!!!!!!!!!!! the lord giveth and the lord friggin taketh away
[10:52] {nemo} here
[10:52] {nemo} No, ese, I do the taking away...God sorts it out after
[10:53] {+cc_9} nemo, i was only looking for about $0.40 on DD on a gap/fade then reversal
[10:53] {+cc_9} only its been headfaking and moving lower
[10:54] {nemo} when it made that hammer on 3 minute and then dropped it, that wsa it, now look for bounce at yestedya's close
[10:55] {+cc_9} SPY little bounce, DD nothing yet
[10:56] {nemo} dd trying to make hammers
[10:57] {+cc_9} jeez...cant' even have a dead cat bounce so i can get out already
[10:57] {nemo} either close or whole number
[10:57] {nemo} daily pivot is yesterday close
[10:58] {nemo} at close
[10:59] {nemo} .17 pivot
[10:59] {nemo} volume coming in, they're trying to bottom it
[10:59] {+cc_9} 60.40 pre-market to 57.12 now. Damn
01[11:00] {&Threei} Short Setup: MCD  .40 break
01[11:01] {&Threei}  If holds  .45
[11:01] {nemo} oh sheesh, DD drops .90 good night Irene
[11:02] {nemo} there's your whole number bounce
[11:03] {nemo} spy should get to 169 and turn around
[11:04] {nemo} dd probably gets to .50ish
[11:06] {nemo} next is 58
[11:08] {+cc_9} getting close
[11:09] {nemo} might want to partial here
[11:11] {+cc_9} trying trying
[11:11] {nemo} no hoping hoping
[11:12] {+cc_9} some profit taking on that bounce, lets see how long it wants to consolidate before another leg up
01[11:12] {&Threei}  1:1
01[11:12] {&Threei}  C 1:4...
[11:13] {+cc_9} trying to get a crack @ .80 bid DD
[11:15] {+cc_9} stuck @ 57.80 first wall
01[11:16] {&Threei}  1:5... next time we short C, let's hold each other hands to keep each other from covering it
01[11:16] {&Threei}  whoever happen to hold nemo's hands, watch out for poisoning by osmosis
[11:16] {+cc_9} SPY trying to catch a bid, lets see if that helps DD at all
01[11:17] {&Threei}  I doubt it, DD is a fresh mover, tends to be independent
[11:22] {+cc_9} DD is also part of the Dow Jones (could be seen as a market mover)
[11:22] {RonS} beav getting waxed...
01[11:22] {&Threei}  MCD 1:2
01[11:23] {&Threei}  who would have thought the day turns like this after first trades
[11:24] {+cc_9} DD breaking out is $0.20 away from market (give or take 57.85)
[11:28] {+cc_9} sideways action DD
[11:29] {+cc_9} SPY pushing a bit, see if that gives any in-flow DD
[11:29] {nemo} wow, this one bear really cleaning up at the river today
[11:31] {RonS} has soap?
[11:31] {nemo} oh...sorry, salmon
[11:32] {nemo} wish they had sound...that would be nice to have the sound of a running river in the background
[11:32] {nemo} http://bit.ly/12QHnxi
[11:32] {nemo} HOLY SHIT!!!! the SPY is down .23!!!
[11:33] {RonS} how much is salmon in Vickyville?
[11:35] {+cc_9} DD slight uptick
[11:35] {RonS} store here sold some silver brights for $2/lb...realize that's a junk fish up there...
[11:35] {nemo} slope of hope there cc?
[11:36] {RonS} guess I insulted the Queen...
[11:36] {nemo} ?
[11:37] {+cc_9} nemo, no hope...just stating what I'm seeing
[11:37] {nemo} well what your programming perceives
[11:37] {RonS} Vickeyville then no reply...
[11:37] {nemo} was I supposed to reply?
[11:38] {RonS} sheesh, no, someone who lives in Victoria...:P
[11:38] {nemo} o.k.
01[11:38] {&Threei}  huh?
01[11:38] {&Threei}  lol
[11:38] {+cc_9} DD .70s, 57.80 wall test on the way
01[11:40] {&Threei}  there are too many variations of salmon, ron... anywhere from $.99/lb for the pink salmon to $2.99 for coho
[11:40] {RonS} wow coho 10=12 bucks here
[11:40] {RonS} 10-12
01[11:41] {&Threei}  eeck
[11:41] {+cc_9} DD wall test
[11:41] {+cc_9} push push push
01[11:42] {&Threei}  MCD, if reaches 1:3 will try to trail and hold for 1:4
[11:42] {RonS} can't afford the good fish and palate cannot handle farm raised...
[11:42] {+cc_9} DD through the wall, next stop 58
[11:43] {nemo} oh, oh, not good when dd tops out there
[11:45] {+cc_9} I have a feeling DD plays out the same as SNDK from last week
01[11:46] {&Threei}  1:3
01[11:46] {&Threei}  stop to .21
[11:48] {+cc_9} SPY another leg up
[11:49] {+cc_9} DD already trading 1.5x avg daily volume with over 4 hours to go
[11:51] {nemo} DD doesn't hold this swing low, likely to go test the bottom and that .90 level on the daily
[11:54] {+cc_9} needs to hold 57.40 intraday channel support post-bounce
[11:54] {nemo} yeah, that R1 level
[11:57] {+cc_9} sideways move no bueno
[11:58] {nemo} muy peligroso
[11:58] {RonS} cold pellegrino
[12:05] {+cc_9} Some volume there DD, either a gang of stops under .40 or just a big sell
[12:11] {dino} lo hl l .20
[12:15] {+cc_9} ugly downtick here DD
[12:15] {dino} trv waking
[12:16] {nemo} yeah, it double topped at the 3/34 ema, that is often a demarcation line for strong or weak stocks
[12:26] {+cc_9} DD flirting with LOD range, meanwhile SPY catching a bid
[12:26] {nemo} indexes cant stay red
[12:27] {nemo} DD might bounce here
[12:39] {ese} L gdx .00
[12:49] {+cc_9} DD nice call on that bounce nemo
[12:49] {+cc_9} back to .60s
01[12:54] {&Threei}  @TheTweetOfGod
01[12:54] {&Threei}  The reason I don't respond to your tweets is the same reason I don't respond to your prayers: I infinitely don't care.
01[12:57] {&Threei}  (US) White House Press Sec Carney: It is dangerous to 'flirt' with default, is unthinkable that the US would default- Comments come after both McConnell and Boehner earlier made comments regarding conditions for raising the debt ceiling and targets for spending
[12:57] {+cc_9} SPY drop, DD bid holding for now
01[12:58] {&Threei}  (US) Senate Minority Leader McConnell (R-KY): The US does not need any more revenue, US should not walk away from spending cuts- Comments that President Obama wants to 'undo' spending cuts
01[12:58] {&Threei}  play for 2014 starts in earnest I see
01[12:59] {&Threei}  (GR) Germany Fin Ministry: Have not been able to confirm all measures needed before sending payment to Greece; have delayed aid tranche
[13:00] {+cc_9} Thanks for MLNX who ever alerted it
[13:01] {dino} yw
[13:04] {dino} trv sm l .45
[13:06] {+cc_9} market pushing, need .80s on DD
[13:06] {+cc_9} made some on MLNX, not enough to offset
[13:07] {ese} L amtd .01
[13:07] {ese} daaaaaaa .88997 make that .02 amtd
[13:18] {nemo} no way this market can stay red
[13:18] {nemo} can you imagine a day without all time highs?
[13:22] {nemo} ebay looks short here
[13:26] {+cc_9} DD having little trouble @ 57.70
01[13:29] {&Threei} Long Setup:  DD  .75 break
01[13:29] {&Threei}  If holds  .65
01[13:37] {&Threei}  doesn't trade right
[13:37] {+cc_9} .80 major wall still Vad
01[13:37] {&Threei}  no worky
[13:38] {+cc_9} 3rd time it tests today
[13:40] {+cc_9} DD : 1 hour to move 30 cents up, 10 seconds to move 30 cents down
[13:44] {+cc_9} what a piece of sh*t
[13:45] {+cc_9} nearly 2 hours for a slow and steady reversal, gives that back in a couple of minutes
[13:54] {nemo} sbux short setting up
[13:57] {dino} stop lo .09 -.11
[13:57] {nemo} stx coming into resistance, methinks short posible if it stays under 46.10, trigger not there yet
[13:58] {dino} yyyyaaaaawwwwwwwwwwwwwwnnnnnnnnnnnnnnnnnn
[14:11] {ese} out amtd .18 +.16
[14:11] {nemo} shit, forgot about stx
[14:13] {nemo} PNC might be long here
[14:14] {nemo} they're showing the royal baby on TV...
01[14:14] {&Threei}  sheeesh
[14:14] {nemo} what?
01[14:14] {&Threei}  someone pass nemo a beer
[14:17] {RonS} ...place an emergency phone to Les...he seems to be the only one who calms Nemo down
[14:17] {nemo} I told ya' I'm outta' booze...couldn't start the morning with my normal regimen
01[14:17] {&Threei}  well, we need that jazz festival to be over for les to return
[14:19] {ese} L gdx avg .91
[14:19] {ese} I think this is the last week
[14:20] {nemo} UA coming into bounce territory, but not much R:R
[14:24] {ese} out gdx .98 +.07 phewwwwww!!!!!!!! don't ask
[14:25] {+cc_9} DD last attempt in a trade here 57.58, stop loss 57.20 tgt 58.20
[14:33] {+cc_9} jeez...
[14:34] {nemo} in dino's words cc, there are better worlds
[14:34] {dino} ;-)
[14:35] {RonS} Duke of Cambridge: 'We are still working on a name'
[14:35] {+cc_9} i dont have time for worm hole and time travel talk, need DD to go
[14:35] {RonS} ...thought about Nemo......Not!
[14:36] {+cc_9} I should have know better
[14:37] {+cc_9} DD makes paint, watching their stock is like...etc...
[14:37] {nemo} poor CC, he's becoming incoherent
[14:37] {+cc_9} Not really
[14:37] {+cc_9} DD = DuPont
[14:37] {+cc_9} DuPont makes paint
[14:37] {+cc_9} stock is like watching paint dry
[14:38] {+cc_9} coherent.
[14:38] {nemo} o.k.
[14:38] {nemo} thought you might be sniffing their turpentine
[14:40] {+cc_9} DD is officially trading 2x avg daily volume
[14:42] {nemo} ebay interesting on 3 minute, they tried to jack it 10:30 then again 1:30 ish same technique
[14:44] {nemo} dd looks short
[14:44] {+cc_9} SPY back to positive territory
[14:47] {+cc_9} HLF big bounce here
[14:48] {nemo} What?  you think we're not gonna' get a new all time high today?
[14:48] {+cc_9} DD big seller at .52
[15:01] {+cc_9} HLF so far so good
01[15:05] {&Threei} Short Setup: GDX  .05 break
01[15:05] {&Threei}  If holds  .10
[15:06] {+cc_9} DD triple bottom range confirmed
[15:06] {+cc_9} $57.25, tested 3 times, held 3 times
[15:07] {nemo} yeah, but does it get back to your .52 seller
[15:13] {ese} hmmmmm well i'm done for the D catch you all on the flip side
[15:15] {+cc_9} out DD, out HLF
[15:15] {+cc_9} Now I will watch DD go into EOD
01[15:22] {&Threei} Short Setup: GDX  .20reak
01[15:22] {&Threei}  If holds  .25
[15:24] {nemo} Vad .36 might be the top on GDX
01[15:24] {&Threei}  yup, will watch for .30 - .35 range next
[15:30] {nemo} so, if you bought S1 in SPY and held, yippee
[15:30] {nemo} it's been grinding in a .20 channel ever since 11
01[15:30] {&Threei} Short Setup: GDX  .25 break
01[15:31] {&Threei}  If holds  .31
[15:31] {nemo} WR2 is .36
[15:31] {nemo} 29 is daily R2
[15:31] {nemo} .29
01[15:33] {&Threei}  Toyota Motor Corp Toyota and Ford suspending planned development of a hybrid system for light trucks and SUVs - Nikkei News- Signed an agreement in Aug 2011 to look into the necessary technological adaptations and the prospects for commercialization of technology.
[15:33] {nemo} they don't want anything to do with Detroit
01[15:34] {&Threei}  - NYSE volume 430M shares, about 9% below its three-month average; - NASDAQ volume 1.27B shares, about 6% below its three-month average
01[15:34] {&Threei}  no wonder... Detroit doesn't want anything to do with Detroit
[15:39] {+cc_9} I don't feel so bad about having dumped DD now
01[15:44] {&Threei}  1:1
[15:46] {Alexs} do you see it can go lower Vad?
01[15:47] {&Threei}  it formed a top and established downtrend
01[15:47] {&Threei}  so... playing by the book
01[15:47] {&Threei}  stop .26 and waiting for resolution
[15:47] {Alexs} ok
01[15:47] {&Threei}  or closing bell
01[15:47] {&Threei}  whichever comes first
01[15:53] {&Threei}  OK, done
01[15:53] {&Threei}  thank you all, have a great evening
01[15:53] {&Threei}  see you tomorrow



Monday, July 22, 2013

June 22 2013

Very decent day with good percentage of wins, merely 1 stop, ending with nice juicy 1:3 on CAT. No complaints at all.


Session Time: Mon Jul 22 00:00:00 2013

[09:13] {dino} gm
01[09:13] {&Threei}  dino :)
[09:14] {+cc_9} Good morning folks.
01[09:14] {&Threei}  cc9 :)
[09:20] {ese} gm
01[09:20] {&Threei}  ese :)
[09:20] {ese} Played Butchart Gardens again on Sat Night vad......tons of people there...smokin hot on stage again....
01[09:21] {&Threei}  cool... remained to see fireworks this time?
[09:21] {bbobr} gm
01[09:21] {&Threei}  bbobr :)
[09:21] {cipher} gm
01[09:21] {&Threei}  cipher :)
[09:24] {thomcbell} wow gld
[09:24] {ese} no......i was soaking wet from playing had to go home have a shower or freeze to death watching the fireworks
01[09:25] {&Threei}  lol... people come from all over the world for that
01[09:25] {&Threei}  tbell, GDX gap in % terms is even larger
[09:26] {thomcbell} yup
01[09:30] {&Threei} Short Setup: GDX  .90 break
01[09:30] {&Threei}  If holds  27
[09:32] {Alexs} gm
01[09:32] {&Threei}  alex :)
[09:32] {Alexs} are you in trade?
01[09:32] {&Threei}  GDX short
[09:33] {Alexs} .90?
01[09:33] {&Threei}  yes
01[09:34] {&Threei}  1:1
01[09:39] {&Threei}  lose .80 now, should make 1:3
01[09:40] {&Threei}  US) Preview: Jun Existing Home Sales expected at 10:00 ET (14:00 GMT)- Consensus expectations: 5.25Me v 5.18M prior **Note prior was highest rate since Nov 2009)
[09:42] {+cc_9} Grabbing some MCD long 97.35
[09:43] {+cc_9} instant gratification
01[09:43] {&Threei} Short Setup: SLW  .60 break
01[09:43] {&Threei}  If holds  .65
[09:45] {dino} vsi hl l .00
01[09:51] {&Threei}  1:1
[09:51] {+cc_9} Out MCD 97.78
[09:51] {+cc_9} +$0.43
01[09:51] {&Threei}  wtg
[09:53] {robbers} Two good calls, thanks Vad.
01[09:53] {&Threei}  :)
01[10:00] {&Threei}  *(US) JUNE EXISTING HOME SALES: 5.08M V 5.25ME
01[10:02] {&Threei} Short Setup: CAT  .20 break hl
01[10:02] {&Threei}  If holds  .30
01[10:03] {&Threei}  Invalidated
01[10:06] {&Threei}  (IN) India Central Bank (RBI) plans to "rationalize" gold imports in any form, including gold coins - financial press- Note that India has been running a near record current account deficit mostly due to increased gold imports which are running twice the normal average ***Reminder: On June 25th, the India Central Bank (RBI) restricted loans against gold ETFs and gold mutual funds for regional rural banks. In mid July, India Fin Min Chidambaram said the government cannot fully ban gold imports but is appealing to moderate gold demand to people.
01[10:06] {&Threei}  huh? goldbugs everywhere claim it was DECREASED import by India that caused gold price drop
01[10:06] {&Threei}  man...
01[10:09] {&Threei} Short Setup: FCX  .85 break
01[10:09] {&Threei}  If holds  .95
01[10:16] {&Threei} Long Setup:  FCX  .95 break
01[10:16] {&Threei}  If holds  .90
01[10:20] {&Threei}  fade time looks like
01[10:20] {&Threei} Short Setup: CAT  .40 break hl
01[10:21] {&Threei} Short Setup: .45
01[10:21] {&Threei}  If holds  .45
01[10:21] {&Threei}  Invalidated
01[10:23] {&Threei}  valid again
01[10:23] {&Threei}  with stop above high
[10:26] {nemo} ebay looks short here
[10:28] {nemo} guess it could be two way, but I think .10 area should hold it
[10:28] {Alexs} cat stop is .50?
01[10:28] {&Threei}  yup
[10:31] {Alexs} touched 1:1
01[10:31] {&Threei}  ?
[10:31] {Alexs} .35
01[10:31] {&Threei}  oh, you mean from .45?
[10:32] {Alexs} yeah
[10:32] {nemo} ebay
[10:32] {nemo} look .00 bid
[10:37] {Alexs} fcx rinsed SoMG
01[10:38] {&Threei}  yup
[10:44] {dino} isis hl l .15
[10:57] {nemo} this market just continues up on inertia
[11:02] {nemo} 1st law of Thermodynamics
01[11:06] {&Threei} Long Setup:  TZA  .25 break
01[11:06] {&Threei}  If holds  .95
[11:07] {nemo} ?
01[11:08] {&Threei}  25
01[11:08] {&Threei}  can't be that difficut to deduce, can it?? :)
[11:08] {nemo} didn't look at the chart, just your levels
[11:09] {nemo} I don't have any weakness in the indexes yet, finnies closest
01[11:10] {&Threei}  Invalidated
01[11:10] {&Threei}  for now
[11:10] {ese} L isis .26
[11:11] {ese} ahhhhh.....just noticed that you were stalking isis dino
[11:11] {dino} things a dog
[11:11] {dino} woof
[11:12] {ese} hmmmm
[11:12] {ese} now ya tell me
[11:13] {dino} out isis .49, +.34
[11:14] {dino} thx for the big push up ese
[11:14] {ese} your welcome
[11:17] {nemo} my brain is numb....
[11:18] {nemo} not sure it's from watching this market, or too much pressure from sitting on it
[11:18] {ese} out isis .48 +.23
[11:22] {dino} pattern isis around 30.05-30.45
[11:32] {dino} pattern broken
01[11:39] {&Threei}  non-stop melt-up
01[11:39] {&Threei}  should come to some reversal soon though
[11:40] {dino} not finding anything
01[11:40] {&Threei}  not big but tradwable
01[11:46] {&Threei}  Equities Drift Higher in Light Volume Without Conviction
[11:49] {RonS} gm...been off getting daughter & family to airport
01[11:49] {&Threei}  hi Ron
01[11:49] {&Threei}  missed a few good ones
[11:49] {RonS} ...Eisenhower invaded Europe w/ less...
01[11:53] {&Threei}  lol
[11:58] {+cc_9} Still keeping an eye on MCD if crosses $98 later on for a mcscalp
01[11:59] {&Threei}  - Shares of McDonalds are down nearly 3% this morning after the fast-food titan missed both top- and bottom-line consensus expectations. Sales comps were unimpressive and the firm complained about flat to declining informal eating out markets, diminishing ability to raise menu prices, ongoing cost pressures and heightened competitive activity. The CEO warned that Based on recent sales trends, our results for the remainder of the year are expected to remain challenged."
[12:09] {dino} onxx
[12:10] {dino} sm s .89
[12:12] {dino} cov onxx.08, +.81
01[12:12] {&Threei}  wtg
[12:12] {dino} yt
[12:12] {dino} ty
[12:37] {ese} L fitb .23
[12:37] {ese} alot
[12:40] {dino} icpt drop
[12:40] {ese} nice climb for isis dino
[12:45] {dino} yeah, thought it was range bound
[12:49] {dino} mlnx drop/blood
[12:53] {dino} vsi nhl l .60
[12:55] {RonS} nhl = hockey stick play?
01[12:56] {&Threei}  lol
[12:57] {RonS} was serious...what is nhl?
[12:57] {nemo} new higher low?
[12:58] {dino} mlnx sm l .80
01[12:59] {&Threei}  Facebook Announces reaches milestone on feature phones; Facebook For Every Phone has 100M MAUs- there are now more than 100 million people using Facebook For Every Phone each month.
[13:03] {RonS} feeling so bad not part of that group.....not....
01[13:05] {&Threei}  well
01[13:06] {&Threei}  I don't even have a phone with these capabil,ities {G}
01[13:06] {&Threei}  have a tablet though... and not ashamed of it
[13:06] {nemo} http://www.fark.com/vidplayer/7851576
[13:08] {dino} mlnx stop -.30
01[13:20] {&Threei}  lol... look at time stamp and time of the SPY top:
01[13:20] {&Threei}  11:39] {&Threei} should come to some reversal soon though
01[13:21] {&Threei}  this is how guru stuff is made... catch lucky break like this, and post it everywhere as a proof of your supernatural abilities
01[13:32] {&Threei}  CAT breakdwon of .80 is "normal" setup
[13:32] {dino} usu
01[13:32] {&Threei}  let's look to fade it
01[13:32] {&Threei}  meanwhile, those who like collector cars might enjoy this: http://goo.gl/Hr15LX
[13:39] {dino} usu insane
01[13:43] {&Threei} Short Setup: CAT  .90 break
01[13:43] {&Threei}  If holds  .95
01[13:44] {&Threei}  since it chose reversal setup, let's try to fade that
01[13:44] {&Threei}  Invalidated
[13:47] {RonS} bummer, liked this guy...Dennis Farina dead at 69
[13:51] {thomcbell} oh no
[13:51] {thomcbell} he was terrific
[13:51] {nemo} could make argument for iwm or spy long here
[13:51] {dino} aegr sm l .00 gappy/wide
[14:07] {+cc_9} oups, i forgot i was still on here
[14:07] {+cc_9} GILD was making some pretty nice swings
[14:07] {+cc_9} Just got a trade there, hoping it dips back for another round
[14:16] {dino} mlnx sm l .70
[14:17] {dino} out mlnx .20, +.50
01[14:23] {&Threei}  13:51] {nemo} could make argument for iwm or spy long here {--- nemo's claim to gurudome
[14:23] {nemo} God we're bored
[14:24] {nemo} So George Zimmerman pulled a guy out of an overturned car
01[14:24] {&Threei}  I am not bored
[14:24] {nemo} o.k., what are u?
[14:25] {+cc_9} GILD, the gift that keeps on giving and also curing Aids
01[14:25] {&Threei}  I am having a lively argument with a few sheep who came with this complaint, something about me counting them wrong
[14:25] {nemo} sheep? you sure that's what they were complaining about?
01[14:26] {&Threei}  oh shut up
[14:26] {nemo} Les?
[14:28] {RonS} hehe
[14:29] {nemo} can always depend on you Ron
01[14:29] {&Threei}  as if it wasn't enough that they try to teavh me calculus...
[14:33] {+cc_9} GILD, another round
[14:35] {+cc_9} Another $0.20
[14:36] {+cc_9} Out GILD +$0.25
[14:44] {dino} gj
[14:58] {+cc_9} GILD even higher, frack!
[15:00] {dino} z spike
[15:04] {ese} I had forgotten how much of a snail fitb turned out to be after my hayday with it 5 years ago
01[15:07] {&Threei} Long Setup:  CAT  .60 break
01[15:07] {&Threei}  If holds  .55
[15:09] {+cc_9} Higher lows GILD, nice trend
01[15:10] {&Threei}  1:1
01[15:10] {&Threei}  finally I got CAT setup
[15:10] {dino} our aegr ave .46, +.46
[15:11] {ese} out fitb .34 +.10
[15:11] {dino} vsi to .87
[15:11] {ese} cya tomorrow
[15:11] {dino} out .88, +.28
[15:11] {dino} fl
01[15:11] {&Threei}  take care ese, good catch on FITB
[15:12] {+cc_9} Z loving the spike on that chart for a quick SS trade, but the spread is spookie
[15:12] {dino} well, slow day but finally hit goal
[15:12] {+cc_9} wtg dino
[15:12] {dino} hardest thing was sitting and waiting
[15:12] {dino} ty cc9
[15:13] {nemo} bull flags indexes
[15:13] {+cc_9} Damn, that woulda been a sweet SS on Z
[15:14] {+cc_9} but that spread can go as wide as $0.30+, spookie
01[15:16] {&Threei}  1:2
[15:17] {+cc_9} damn it !!!
[15:20] {RonS} even Adele would be jealous:  Recovered World War II shipwreck yields $36 million in silver | http://bloom.bg/17yeppL
[15:21] {Alexs} perfect call Vad!
[15:21] {RonS} ...meaning this is the real "rolling in the deep"
01[15:22] {&Threei}  1:3, out
01[15:22] {&Threei}  ty Alex
01[15:22] {&Threei}  patience IS a virtue
[15:23] {dino} gj
[15:25] {dino} calling it a day, thx all
01[15:27] {&Threei}  take care dino
[15:30] {Alexs} it deserves "catch of the day"
[15:31] {+cc_9} Z, that SS was $2.00 damn it!!!
01[15:46] {&Threei}  OK guys, no more trades, decent day as it is
01[15:46] {&Threei}  have a great evening, see you tomorrow


Saturday, July 20, 2013

Nemo's Findings week of 7/22/2013

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

Hi folks...just to let you know this will be the last one for the Summer. Nobody is gonna' find Nemo....

Here's a nice summation for the week courtesy of Barry Ritholz: http://bit.ly/15S7KqZ


As I sit here typing this at 4:15 pm on OP EX Friday, the SPY continues upward and is currently at 169.46.  This is just a feeling, but I think next week leans toward the mother of all rips higher.  Earnings reports, at least the revenue side and forward guidance has not been particularly good, yet the market continues higher.  The Qs took it on the chin because of GOOG and MSFT, so they might be a hinderance, MSFT might go the way of Detroit, but GOOG is already being bought back up.  That's the thing...earning sell offs are being bought right back up, and all this with crude at 108/bbl.  Oh, found out where the bears are:  http://bit.ly/12QHnxi

I have a long list of industry ETFs I look at to give me a feel for the market, and  there's nothing that forbodes weakness.  Doesn't mean it can't happen, one of my favorite indicators is topping, but, last week saw the largest inflow of mutual fund money since 2007.  Retail is coming back in to the market. The other biggy is bonds.  Bennie tapers, yields/interet rates are gonna' rise, which they've been doing, which will likely bring money out of bonds.  Where does it go?  If it goes to stocks, they're going up.



Anyway, the week that was:






The week that is:




 

Friday, July 19, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Equities Melt Higher in Summer Heatwave



- Global equity markets marched higher this week as relatively decent corporate earnings and economic data spurred risk appetite. There had been fears last week about China's Q2 GDP reading, although on Monday the figure came in at an annualized rate of 7.5%, precisely in line with Beijing's targeted pace. In his semi-annual testimony before Congress this week, Fed Chairman Bernanke reiterated his preferred timeline for winding down QE, with buys slowing later this year and ended by mid-2014. Both the July Empire Manufacturing and the Philadelphia Fed indices topped their excellent June results and widely outperformed expectations. Weekly initial jobless claims dropped to a nearly five-year low. Analysts note that the numbers are not seeing the usual bump higher from the auto industry's annual summer shutdowns for retooling thanks to sustained demand for cars. Government crises continue to fester in Italy, Portugal, and Greece, however markets seem to be ignoring them for the time being. Oil prices continued to rise on signs of economic recovery and on technical factors, helping erase the spread between Nymex and Brent crude futures for the first time in nearly three years. For the week the DJIA gained 0.5% and the S&P500 tacked on 0.7% for fresh all-time highs, while the Nasdaq lost 0.3% on poor tech sector earnings.

- Bernanke's Congressional testimony offered very little that had not already been heard from the over the last four weeks. Besides reiterating his preferred timetable for the QE wind down, he addressed recent criticism about the Fed's new commitments to openness. Bernanke asserted that if there were no communication about tapering, there would be a risk of possible dislocation in the markets. He also asserted that market participants are beginning to understand the Fed's message.

- China's Q2 GDP and June economic data disappointed the pessimists on Monday. Going into the release, official Chinese press backtracked on reports from the prior week that Finance Minister Lou Jiwei had said growth in the 6.5-7.0% range would be acceptable. Sources insisted the quote had been "mistranslated" and clarified that Lou had actually stated the government is committed to its 7.5% 2013 GDP target. June industrial production and retails sales also met expectations. Outside of China, critical voices continue to discuss the potential for massive dislocations from slowing Chinese growth and a potential crisis from staggering debt levels. At the Delivering Alpha Conference, veteran China skeptic Jim Chanos discloses he is short Caterpillar because of its strong reliance on Chinese markets and the end of the commodities supercycle that has been anchored by Chinese demand.

- Quarterly results from Citigroup and Bank of America both followed in the footsteps of Wells Fargo and JPMorgan with solid numbers. Citi said no strategic changes would be needed to meet the new stricter US capital ratio requirements, disclosing that it had a ratio over 5% in June. Goldman Sachs widely topped expectations powered by another strong showing in the debt capital markets, edging out the prior quarter's record underwriting revenues by a hair. Morgan Stanley's quarterly numbers narrowly topped expectations, but its big gains in securities and trading revenue really impressed investors. Asset managers Blackstone, BlackRock, and State Street widely outperformed expectations in a quarter of very strong market gains.

- Big tech had a terrible second quarter. Microsoft, Intel and AMD all offered highly problematic results, with earnings at the firms pressured by the flagging global PC market. Citigroup called it Microsoft's "sloppiest quarter in memory." Google's numbers also fell short thanks mostly to a second consecutive quarter of contraction in the firm's revenue per click. On the other hand, Yahoo, on the one year anniversary of CEO Marissa Mayer, topped expectations and saw its shares soar. IBM also reported strong results and hiked its FY13 outlook.

- Industrial names did quite well: General Electric, Ingersoll-Rand, and Honeywell all met or modestly exceeded consensus views. Note however that there have been few big hikes in FY13 guidance in the sector. One exception is Whirlpool, which hiked its FY guidance citing continued strength in housing. Investors were pleased with General Electric's results, but management cautioned it is not counting on the economic environment to improve and is planning for slower growth.

- There was more drama in the long-running battle between Michael Dell and Carl Icahn for control of troubled PC firm Dell this week. No vote was taken on Tuesday at the special shareholders meeting intended to ratify the $24.4 billion offer from Silver Lake/Dell; instead the meeting was abruptly adjourned to provide more time to solicit proxies from shareholders. The special meeting will reconvene on July 24.

- The greenback traded in a very narrow range this week against the euro and the yen. Besides a brief stab below 1.3000 on Monday the EUR/USD was locked between 1.3070 and 1.3170. USD/JPY pivoted around the 100 handle ahead of this weekend's Upper House elections in Japan that are expected to solidify PM Abe's powerbase. The LDP is widely expected to secure a heavy majority, allowing it to deliver more reforms. The long three-month slide in the Aussie seems to have bottomed out in the wake of the Chinese GDP data. AUD/USD has slid from 1.0500 in mid-April to approximately 0.9000 ahead of the Chinese data. This week the pair popped back up to around 0.9200.



TradeTheNews

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

Thursday, July 18, 2013

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