July 26 2013

About flat day, and as boring as it gets, what with summer Friday and slow climb.

Session Time: Fri Jul 26 00:00:01 2013

[08:48] {nemo} Mmmmhhhhh....ya' know...considering the history of my commentary within the walls of this blog...I think any hopes of running for national public office are off the table.

01[09:11] {&Threei}  that's OK, we will write it off as histrionics

[09:12] {nemo} Yeah, I'm no Wiener

[09:15] {dino} gm

01[09:16] {&Threei}  dino :)

[09:22] {RonS} greetings & salutations earthlings

[09:22] {nemo} nanu

01[09:22] {&Threei}  lol ron

[09:23] {nemo} not sure that boy's elevator reaches the top floor

[09:23] {RonS} so, 3 young hawks vs. 3 young squirrels on fence...who is chased off?

[09:23] {bbobr} gm

[09:23] {nemo} hawks

01[09:24] {&Threei}  bbobr :)

[09:24] {nemo} that won't last long though

[09:24] {RonS} yep, it was an unreal scene

[09:26] {RonS} one hawk tried to attack a squirrel and the little sucker just ducked behind a post...didn't even act scared

[09:27] {Alexs} gm

[09:27] {ese} gm

01[09:27] {&Threei}  alex, ese :)

[09:28] {ese} vad alex ron nemo

[09:28] {ese} bb

[09:28] {Alexs} ese :)

01[09:32] {&Threei} Short Setup: C  .30 hl break

01[09:32] {&Threei}  If holds  .40 

01[09:33] {&Threei}  change to .35

01[09:33] {&Threei}  If holds  .45 

[09:35] {Alexs} valid?

01[09:36] {&Threei}  yes

01[09:37] {&Threei}  looks promising to me

01[09:37] {&Threei}  nice double top

[09:39] {nemo} I think sometime today expe gonna' defecate the bed linens

[09:41] {dino} n sm l .50 wide sucker

[09:42] {dino} expe gap around 45

01[09:42] {&Threei}  stop to .41

01[09:42] {&Threei}  1:1

[09:45] {nemo} Holy Shit, support for expe is under 46

01[09:48] {&Threei}  Ex-IMF chief Dominique Strauss-Kahn to be tried on pimping charges in French court

01[09:49] {&Threei}  he was pimping right in the court?

[09:49] {dino} out n .95, +1.45

[09:49] {Alexs} lol

[09:49] {ese} wow expedia....dn 17 bucks

[09:49] {dino} no takers on n i see

01[09:50] {&Threei}  hybernation dino

01[09:50] {&Threei}  1:2

01[09:50] {&Threei}  Hacker Barnaby Jack, who planned to show methods for hacking pacemakers died in San Francisco Thursday, medical examiner says

01[09:50] {&Threei}  hacked wrong one?

[09:51] {ese} Q wasn't good but not that bad......is there guidance somewhere that i didn't see

01[09:54] {&Threei}  (US) Preview: July Final University of Michigan Confidence expected at 09:55 ET (13:55 GMT)- Consensus expectations: 84.0e v 83.9 prelim reading

01[09:55] {&Threei}  *(US) JULY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 85.1 V 84.0E

[09:58] {dino} mth spike

01[10:03] {&Threei} Short Setup: GDX  .20 break

01[10:04] {&Threei}  Invalidated  

01[10:07] {&Threei} Long Setup:  CAT  .85 break hl

01[10:08] {&Threei}  If holds  .75 

01[10:12] {&Threei}  meh

01[10:14] {&Threei} Short Setup: C  .10 break

[10:17] {nemo} expe .00 bid

01[10:19] {&Threei}  If holds  .16 

[10:24] {nemo} esrx seller

[10:24] {dino} leftovers, dhi from yesterday, stop to .75

[10:25] {dino} mth yelling "short me"

[10:26] {dino} out dhi m+.25

[10:26] {dino} damn, missed mth

01[10:29] {&Threei} Long Setup:  MCD  .25 break

[10:29] {RonS} sndk blood

01[10:29] {&Threei}  If holds  .20 

[10:30] {dino} n drop

01[10:31] {&Threei}  (US) IMF: Unclear whether the Fed's easy money message could undermine the economy

01[10:31] {&Threei}  huh?

01[10:33] {&Threei}  1:1

01[10:40] {&Threei}  US tells Russia it would not seek the death penalty for NSA leaker Edward Snowden, Justice Department says

[10:41] {nemo} no, but the plane carrying him back would crash over the Atlantic

[10:41] {RonS} ...but will release him on the south side of Chicago...

[10:42] {nemo} or Detroit

[10:42] {nemo} Baltimore

[10:42] {nemo} worse....Dallas

[10:42] {dino} lol

[10:42] {RonS} not my taste but Dallas is nice downtown and elsewhere

[10:43] {RonS} too dang humid...

[10:43] {nemo} I prefer Ft. Worth

[10:44] {RonS} omg

[10:44] {nemo} what?

[10:44] {RonS} cow town that still is...

[10:44] {nemo} I prefer it over Dallas plasticity

[10:45] {RonS} well ok, it is the real Texas...always felt Dallas was creepy

[10:45] {RonS} some of the best high strip clubs tho...

[10:45] {RonS} ...speaking of plastic...

[10:45] {nemo} I hate fake

[10:46] {bbobr} he would be better off to marry Russian spy  Anya Chapman 

01[10:47] {&Threei}  she needs him like fish needs umbrella

[10:47] {RonS} truth stranger than fiction:  General Motors outsold Toyota for first time in six quarters to climb atop auto industry

[10:49] {bbobr} she is in show business now.....

01[10:49] {&Threei}  Victoria crime rate dips 7 per cent

01[10:49] {&Threei}  whew... I can finally venture outside

01[10:50] {&Threei}  BREAKING: 5.0 earthquake off Port Hardy about 90 minutes ago

[10:50] {Alexs} do they count trading as a crime in Victoria?

01[10:50] {&Threei}  nope... back inside, still dangerous out there

01[10:50] {&Threei}  lol

01[10:51] {&Threei}  not trading, but where ese lives, starting lawnmover at 7am can certainly earn you police visit

[10:51] {Alexs} lol

01[10:51] {&Threei}  "He pushes the start button! All units converge!"

01[10:52] {&Threei}  frikin C

[10:54] {ese} he speaks the truth

[10:57] {ese} they don't like it much when i practise drums that early either

[10:58] {ese} talk about cramping creativity

01[10:58] {&Threei}  so, to mask drum sound, ese starts his lawnmover first... which led to that deadly combination of sins that in turn led to me having to come and bail him out...

[10:59] {ese} lol

[11:00] {ese} it's one of the perks you get when you join the board.........i understand vad flew to Boston to put up bail for nemo as well.......

[11:01] {ese} I think dino just trades out of prison from the Philly Balitimore area so nothing can be done there

01[11:02] {&Threei}  actually nemo refused bail, said food was good there

[11:02] {nemo} warm cot, all the sex you want

01[11:03] {&Threei}  lol

[11:03] {ese} ouuuuuuuuuuuuuuuu

[11:03] {RonS} no kidding...

[11:03] {nemo} I was the rooster

01[11:03] {&Threei} Long Setup:  TZA  .70 break

01[11:03] {&Threei}  If holds  .65 

[11:08] {dino} n sm l .52

01[11:09] {&Threei}  change to .65 break

01[11:09] {&Threei}  If holds  .60 

[11:14] {dino} n stop -.35

01[11:15] {&Threei}  half out .73

[11:17] {dino} back in hour

[11:18] {nemo} acn

01[11:27] {&Threei}  (US) White House Spokesperson: No announcement regarding the next Fed chairperson is imminent, announcement will not likely arrive until later in the fall - press- Not made an decision on candidates either.

[11:27] {nemo} anybody like lyb for a short

[11:29] {ese} let me check

[11:29] {ese} no

[11:29] {nemo} acn?

[11:30] {Alexs} you still in TZA Vad?

01[11:30] {&Threei}  nah

[11:31] {ese} i like acn better nemo

[11:31] {nemo} just left the station

01[11:31] {&Threei}  taking a break for an hour

01[11:32] {&Threei}  want to skip this stall that produces stops more than anything

[11:32] {ese} ya

[12:02] {dino} .

[12:19] {dino} usu

[12:21] {dino} damn can't borrow

[12:22] {dino} lol, good thing i couldn't

[12:23] {dino} 22 was original short thought

[12:24] {nemo}  sndk looks short here liekly to test .00

[12:25] {dino} would've worked nicely

[12:27] {dino} talking to myself

[12:28] {dino} ugh 3 buck drop

[12:45] {nemo} sndk probably a short below .30

[12:47] {nemo} if market comes in this should go below 57

[12:48] {dino} act spike

01[12:49] {&Threei}  welcome to my world

01[12:49] {&Threei}  ummm... wrong window

[12:58] {nemo} sndk another entry below .20

01[13:10] {&Threei} Long Setup:  TZA  .32 break

01[13:11] {&Threei}  If holds  .28 

[13:14] {nemo} this market moving slower than a tick in molasses

01[13:15] {&Threei}  one legged-snail

[13:15] {nemo} right

[13:18] {dino} yeah

[13:24] {nemo} looks like they want to print a hammer on the day

01[13:24] {&Threei}  meh

[13:25] {nemo} if spy gets past daily pivot, they'll likely close the gap

[13:27] {nemo} there's the daily pivot

[13:31] {ese} ahhhhhhh....am done mowing the lawn.......can start drinkin

[13:32] {dino} c'mon, i want 2 more trades before vacation starts

[13:33] {ese} out yndx .28from yesterday in at .98 + 1.30

[13:33] {dino} nice

[13:34] {ese} ya....it seems it's the only way i can make some money this summer is to swing trade a few

[13:34] {ese} opps ....just sore on vads board

[13:34] {ese} sworw

[13:34] {ese} swore

[13:36] {ese} not enough volume to power the stocks i normally try and scalp or day trade

[13:41] {ese} where ya goin on holiday dino

[13:41] {dino} carnival cruise, baltimore to bahamas, 7 night, 7/28-8/4

[13:42] {ese} and...........am still long 1/2 lot in emc..........that should pay off in a day or two

[13:42] {nemo} We should be reading about you then

[13:42] {ese} nice......is it one where you can hit golf balls off the deck

[13:42] {nemo} dino

[13:43] {dino} i hope so

[13:44] {dino} thinking costanzza, pulling a top flite out of whale blow hole

[13:44] {ese} lol

[13:56] {RonS} Politburo never had it so good:  Leaders of tax-code rewrite in Congress pledge to keep lawmaker suggestions secret for 50 years | http://bloom.bg/1c8ypmh

[13:56] {nemo} yeah, saw that

[13:57] {nemo} democracy leads to tyranny

01[13:57] {&Threei}  because all good deeds have to be anonymous, you know

[14:02] {dino} partial out silc from yesterday +.51

[14:05] {nemo} looks like breakouts setting up

[14:08] {dino} ypf drop

[14:09] {dino} out remaining silc .72, +.72

[14:10] {nemo} here comes the gap close

[14:17] {dino} dlr drop

[14:19] {dino} odd

[14:27] {nemo} frickin' guineas: [2:16:45 PM] mike blicker: http://newsfeed.time.com/2013/07/25/baby-zonkey-born-in-italy/

01[14:28] {&Threei}  frikin TZA

[14:28] {nemo} yeah, that damn spike in the indexes

[14:28] {dino} dlr sm l .75 pulp 

01[14:48] {&Threei}  Will says hello, still vacationing

[14:48] {nemo} sucks being him

[14:54] {Alexs} have to go, have a great weekend all

01[14:54] {&Threei}  take care alex, have a good weekend

[14:58] {dino} wow dlr

[14:59] {dino} sm l .00

[15:00] {dino} gaps filled on it

[15:05] {ese} Have a great weekend all cya monday

01[15:05] {&Threei}  you too ese

[15:06] {ese} take care vad

[15:13] {nemo} your favorite kinda' day Vad

01[15:13] {&Threei}  sigh

[15:13] {nemo} Would you like 60 grit toilet paper?

01[15:21] {&Threei} Short Setup: C  .20 break

01[15:21] {&Threei}  If holds  .25 

[15:22] {dino} nemo, dlr get to vwap?

[15:22] {nemo} I don't know, it'll be all short covering from here

[15:22] {nemo} not technical imo

[15:23] {dino} in from 57.00

[15:23] {nemo} might want to take a tad off

[15:24] {nemo} got that resistance in the 59 area, might be supply there

[15:24] {dino} .55 wall it seems

[15:24] {nemo} https://vine.co/v/hmpvn259tjt

[15:26] {dino} tightening, but which way break?

[15:26] {nemo} I'm leaning higher

[15:27] {nemo} well, if the market's gonna come in, it'll be here

[15:31] {nemo} old resistance new support now dino

[15:32] {dino} was too slow on my sell, had .04 in, had to change it

01[15:32] {&Threei}  whole July with no single rain

01[15:35] {&Threei}  White House: Obama administration sends 2 Guantanamo detainees to Algeria

01[15:37] {&Threei}  stop to .21

[15:39] {nemo} grindgrindgrindgrind

[15:39] {dino} wheres my squeeze?

[15:40] {nemo} guess not that many shorts left in it

01[15:40] {&Threei}  hmmm... are we sipposed to know that?? :)

[15:40] {nemo} She's goin' with him on vacation

[15:40] {dino} lol

[15:43] {dino} stop to .75

[15:43] {nemo} here's your squeeze dino

[15:44] {dino} out .83, +1.83

[15:44] {nemo} boo hiss

[15:45] {dino} trailed it too tightly, was at .89 slipped

[15:45] {dino} not a bad way to end the day tho

[15:45] {nemo} nope

[15:46] {dino} thx for your tape reading skills nemo, i was going to bail at .45

[15:46] {nemo} your welcome, what did I say?

01[15:46] {&Threei}  wtg dino

[15:46] {dino} take care all, see you the 5th of august

01[15:46] {&Threei}  have fun

[15:47] {dino} planning on it

01[15:47] {&Threei}  ok guys, have a great weekend

01[15:47] {&Threei}  see you on Monday

July 25 2013

Open Break is not a very frequent setup for us, and is usually on a more risky side, but can be very effective

Another trade followed fairly soon:

With cool FB long and finishing touch on C (almost 1:3), very good day.

Session Time: Thu Jul 25 00:00:00 2013
[09:15] {RonS} hi everyone
01[09:15] {&Threei}  morning Ron
[09:15] {dino} gm
01[09:16] {&Threei}  dino :)
01[09:16] {&Threei}  let's take poll, at which min of trading day cc9 will start shorting FB
[09:16] {nemo} pre-market
01[09:16] {&Threei}  lol
01[09:16] {&Threei}  +31%
[09:16] {nemo} look bidu
01[09:17] {&Threei}  merely 17%... yawn
[09:19] {cipher} gm
[09:19] {nemo} funny comment:  I hope Panera shits the bread!
01[09:19] {&Threei}  cipher :)
[09:20] {nemo} mmmhhh....ok...fine...where's that C4?
[09:20] {bbobr} gm
01[09:20] {&Threei}  bbobr :)
[09:26] {Alexs} gm
01[09:27] {&Threei}  alex :)
01[09:30] {&Threei} Long Setup:  GDX  .80 break
01[09:30] {&Threei}  If holds  .75
[09:34] {dino} wdc hl l .35
[09:34] {ese} gm
01[09:34] {&Threei}  ese :)
01[09:35] {&Threei} Short Setup: C  .80 break
01[09:35] {&Threei}  If holds  .90
01[09:35] {&Threei}  1:1
[09:36] {dino} out wdc .98, +.63
01[09:36] {&Threei}  wtg
01[09:36] {&Threei}  ese, have you heard? Facebook membership is mandatory starting Aug 1
01[09:36] {&Threei}  1:2
01[09:36] {&Threei}  1:3
01[09:37] {&Threei}  out in full ..45
01[09:37] {&Threei}  +.34
[09:39] {dino} icxlr a bit wide
[09:39] {dino} iclr
[09:40] {ese} lol
[09:40] {ese} i will cut my throat first
01[09:42] {&Threei}  well, why else do you think the stock gaps up 40% :)
[09:43] {ese} that sure is interesting
01[09:45] {&Threei}  30%, sorry
01[09:49] {&Threei} Long Setup:  FB  .50 break sm sh
01[09:49] {&Threei}  If holds  .30
[09:49] {dino} dhi sm l .75
01[09:50] {&Threei}  change trigger to .45 break
[09:53] {Alexs} sm sh = 300?
01[09:55] {&Threei}  depends on one's risk tolerance but overall, yeah, about that
[09:55] {Alexs} k
[09:55] {nemo} ese does 20X that for a small lot
01[09:55] {&Threei}  on miserable days
[09:55] {ese} L yndx .00
[09:55] {nemo} yeah...
01[09:55] {&Threei}  before breakfast
[09:56] {Alexs} :)
[09:56] {nemo} ese "Tudor Jones"
01[09:56] {&Threei}  .45 shapes up as perfect resistanse to break
01[09:56] {&Threei}  Invalidated
01[09:56] {&Threei}  for now
[09:56] {nemo} you spelled it wrong
01[09:58] {&Threei}  I spelled something?
01[09:58] {&Threei}  usually I spell nothing
[09:59] {nemo} eqzaktly
01[09:59] {&Threei}  I hit random buttons
01[09:59] {&Threei}  that they combine in words amazes me
[09:59] {nemo} fb traded 138 mil shares so far...wtf
01[10:00] {&Threei} Short Setup: GDX  .45 break
01[10:01] {&Threei}  If holds  .50
[10:02] {nemo} LVS likely going to 53
01[10:03] {&Threei}  FB is on again
[10:04] {nemo} yeah LVS gonna' be a short, whether when it drops .60 or goes back to the 54 area first
01[10:06] {&Threei}  ok FB
01[10:06] {&Threei}  squeeze
01[10:06] {&Threei}  target 1:3
01[10:08] {&Threei}  meh
[10:15] {ese} vad ...if you've got a sec take a look at yndx for me......let me know what you think does it have the strength to break .00
[10:15] {ese} ascending triangle...higher lows
01[10:16] {&Threei}  hate the spread...
[10:16] {ese} ya
01[10:16] {&Threei}  and this slow pace of prints
01[10:16] {&Threei}  chart is right, but this trading by appointment can be very treacherous
[10:17] {ese} tks ......
[10:19] {ese} am sm on it....3/4 lot
[10:20] {ese} if it breaks through .00 i might add some more
[10:28] {dino} silc l .47
[10:32] {nemo} forgot LVS anyway
[10:32] {nemo} look
[10:33] {nemo} setting up likely to go to 53ish today
[10:38] {ese} L yndx avg .97
[10:39] {nemo} TDC vad, looks short
[10:40] {nemo} this high was the 200 sma
01[10:43] {&Threei}  spread...
[10:43] {nemo} details
01[10:44] {&Threei} Short Setup: GDX  .20 break
01[10:44] {&Threei}  If holds  .25
01[10:56] {&Threei} Short Setup: QCOM  .90 break
01[10:56] {&Threei}  If holds  .95
01[10:56] {&Threei}  1:1
01[10:57] {&Threei}  1:2
01[11:00] {&Threei}  1:3, over and out
01[11:04] {&Threei}  1:5... sheesh
01[11:05] {&Threei}  TDC worked nicely
01[11:06] {&Threei}  am I the only one awake?
01[11:06] {&Threei}  'cause I'd better go back to sleep if so
[11:06] {nemo} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:20] {ese} vad......does the fact that yndx is a Russian company bode well for it in terms of not following the american mrkt......it certainly isn't folllowing it now....is that normal for over seas companies
01[11:21] {&Threei}  I don't think there is any pattern in this
01[11:21] {&Threei}  if people want to buy stocks, they buy them
01[11:21] {&Threei}  lack of desire to buy it can be caused by zillion reasons,
01[11:22] {&Threei}  but being a foreign stock by itself is not a factor
01[11:22] {&Threei}  it becomes a factor if market doesn't think that particular country has good perspectives,
[11:23] {ese} ok
01[11:23] {&Threei}  but it's no different than attitude toward particular sector or industry
[11:24] {ese} tks....was just a thought
[11:28] {ese} slow death with the spyders
06[11:54] * dino slaps ese around a bit with a large trout
06[11:55] * nemo slaps ese around with a large Zildjian crash
[11:57] {ese} you guys are slow on the uptake.......posted those comments 20 min ago....sheesh
[11:57] {nemo} no...i was just bored
[11:57] {dino} was away for awhile
01[11:57] {&Threei}  it's not so much about reaction speed as it is about intervals between wakeup periods
[11:57] {ese} lol..... Count me in there
....

[11:59] {RonS} sheesh...just when I think a new low not possible...
[12:00] {nemo} oh please...your memory has faded
[12:00] {ese} Are you talking about the market or the way they're treating me?
[12:00] {RonS} nemo
[12:01] {RonS} his comments...
[12:01] {ese} Yeah no kidding eh
[12:01] {nemo} I'm a frickin' pillar of the community
[12:01] {nemo} or is that pillager?
[12:02] {nemo} didn't know I was French, did ya'?
01[12:03] {&Threei}  no, we thought we got to the bottom of your shortcomings
01[12:03] {&Threei}  but you continue surprizing {G}
[12:04] {nemo} hey!  I'm sensitive about my height...or lack thereof!
01[12:04] {&Threei}  really? great, found the spot to hit
[12:04] {nemo} yeah, right...like I give a rat's ass
[12:07] {nemo} might as well clean one of my rifles
[12:08] {RonS} usg getting gyped...
[12:08] {nemo} wow, that was sophisticated
[12:10] {ese} lol
[12:11] {RonS} bet ese didn't get it...:)
[12:11] {dino} ron ty usg, took .20 out of it
[12:11] {RonS} np
[12:12] {nemo} true, now let's say Ludwig drums were traded publicly and they were getting killed today, and you said something like, "Wow, Ludwig is really getting skinned!"  Ese would get it
[12:12] {nemo} Wow, are we bored...
[12:13] {dino} or tol is getting hammered
[12:13] {nemo} nah, for ese, that might be a stretch
[12:13] {dino} lol
[12:13] {dino} how about ung stinks
[12:14] {nemo} having said that, did you know the smell is added artificially?
[12:14] {dino} yes
[12:14] {dino} but mine is natural
[12:14] {nemo} we'll go with it though
[12:14] {nemo} well, yours is methane
[12:15] {nemo} BIDU looking short here
[12:16] {RonS} lol, "yours is methane"...
[12:17] {nemo} They'll probably use the contents of this blog over the years as evidence in my involuntary commitment hearing
[12:21] {RonS} gyp means to cheat which came about as an association to gypsie who's history is one rife w/ liars, cheats, con artists and thieves...
[12:21] {nemo} wow, this run came out of nowhere
[12:21] {nemo} Romany
[12:32] {ese} EHHHH!!!!!!!!!!! I represent those remarks eh!
[12:33] {nemo} yes, quite well
01[12:36] {&Threei} Long Setup:  FB  .50 break sm sh
01[12:36] {&Threei}  If holds  .35
01[12:36] {&Threei}  I really want to participate in the squeeze that just has to come
01[12:45] {&Threei}  1:1
[12:47] {+cc_9} Late start, good afternoon everyone
01[12:47] {&Threei}  hey 9
01[13:01] {&Threei}  (US) Former dissident ECB member Stark believes ECB will likely have to activate bond program - Handelsblatt interview- Stark expects France to apply significant pressure on ECB to purchase French govt bonds, even if the country does not apply for a bailout. - Stark says a durable conclusion to the Euro Zone debt crisis is still not in sight. **NOTE: Stark resigned in 2011 over his disagreement with the ECB's original bond purchase program
01[13:06] {&Threei}  come on FB
01[13:07] {&Threei}  the day is nicely profitable as it is but I want this squeeze... they are highly satisfactory
01[13:17] {&Threei}  1:2
01[13:18] {&Threei}  good boy
01[13:24] {&Threei}  out last piece on a trail
01[13:30] {&Threei}  I'll be back in an hour or so for the close
[14:00] {RonS} Z squeeze
[14:03] {RonS} gluu unstuck
[14:17] {RonS} dino, hog...
[14:24] {dino} pig
[14:24] {dino} :)
[14:27] {dino} icpt drop
01[14:41] {&Threei} Long Setup:  C  .30 break
01[14:41] {&Threei}  If holds  .25
[14:46] {Alexs} still valid?
01[14:48] {&Threei}  yes
[14:48] {ese} saaaaaaaazzzzzzzzzzzzzzzzzzzzzzz gork.....smif.......gargle......gajip.......zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz ahem..........zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:48] {dino} tough to stay awakre
[14:48] {dino} awake too
[14:52] {nemo} IWM strength...bull market
01[14:52] {&Threei}  President Obama speaks about the economy after touring the Port of Jacksonville
01[14:53] {&Threei}  yeah, we go it - stop with phony scandals and create more phony money to create phony jobs
[15:06] {nemo} if you like trading bidu, look for short between 126-126.40ish
[15:07] {nemo} well, looks like it was
01[15:08] {&Threei}  half out .38
01[15:11] {&Threei}  stop .29
01[15:21] {&Threei}  1/4 more out
01[15:21] {&Threei}  .46
01[15:21] {&Threei}  stop to .34
[15:21] {nemo} wow facebook keeps going
01[15:21] {&Threei}  told you, squeeze material
[15:22] {nemo} it came back to vwap, and then took off
01[15:22] {&Threei}  no one ever believes such huge gaps can hold
01[15:23] {&Threei}  so every church mouth and its brother short it
01[15:23] {&Threei}  mouse
01[15:23] {&Threei}  so it lures them in by pullback, then shoots up
01[15:24] {&Threei}  (US) WSJ's Hilsenrath: Fed likely to keep $85B/month asset purchase program on track at the next FOMC meeting on July 30-31st; May look to revise "forward guidance", or Fed intentions over the next few years - financial press- According to Hilsenrath, some of the Fed officials suggested it would be too soon to raise short-terrm rates even after joblessness drops below 6.5%. - Among the new policy options, Fed may match its upper bound for inflation with a new lower bound. Article suggests the Fed could consider setting lower bound for inflation, such as 1.5%, and say that short term rates won't rise if inflation falls below that threshold.
01[15:26] {&Threei}  Euro vs US Dollar Rises to session highs above $1.3270; Highest levels since June 19th
01[15:26] {&Threei}  how exciting
01[15:26] {&Threei}  june 19, just think
[15:26] {Alexs} lol
[15:27] {dino} out silc .23 +.75
01[15:31] {&Threei}  out in full .56
01[15:31] {&Threei}  don't know about you lot but I am happy with today's trading
[15:31] {Alexs} nice day Vad Thank you
01[15:31] {&Threei}  yw Alex, glad to see another happy soul
[15:32] {Alexs} :)
[15:33] {dino}  slow but profittable
01[15:33] {&Threei}  slow yes, but a bit faster than most days over last week or two
01[15:33] {&Threei}  trades developed faster
01[15:33] {&Threei}  didn't have to babysit them for hours
[15:36] {nemo} frickin' raining cats and dogs....oh...squirrels too...here
01[15:36] {&Threei}  no deer?
[15:36] {nemo} that's Xmas
01[15:37] {&Threei}  come to victoria'
01[15:37] {&Threei}  we are about to have a cull
01[15:38] {&Threei}  my suggestion to restore deer/people ratio by culling those who don't know the duifference between they's/there/their wasn't taken into consideration
01[15:38] {&Threei}  although I still think it makes more sense
01[15:44] {&Threei}  ok, no more trades
01[15:44] {&Threei}  thank you, have a good evening, see you tomorrow
[15:44] {dino} cya
[15:44] {Alexs} take care
[15:45] {dino} mlnx drop

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

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

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

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:

 

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