Oct 2 2013

Very nice day with solid profit, on both short and long side; GDX, GLD, FB, something else... no reason for complaints at all.

Session Time: Wed Oct 02 00:00:00 2013

[08:54] {nemo} is the "49" your IQ?

[08:55] {nemo} You and Les would have something in common

[08:55] {fish_49} Good Morning Nemo

01[08:56] {&Threei}  good comeback fish

01[08:56] {&Threei}  noithing hurts nemo more than polite gentle addressing

[08:57] {fish_49} he had nails for breakfast I don't want to mess with him this morning

01[08:57] {&Threei}  well, that's mostly what he has for each meal every day...

[08:57] {nemo} not quite right,  I eat iron for breakfast and shit nails

[08:58] {nemo} I ruin alot of hemmrhoid pillows when I fart

[09:00] {nemo} CC should show up and exhort us to BTFD!

[09:06] {ese} morning

[09:06] {fish_49} Euro very strong this morning

01[09:06] {&Threei}  ese :)

[09:10] {ese} oh oh....just noticed......Vad could you re new my intelliscan subscription....it would appear it's going to expire in less than a day.  Thanks

01[09:12] {&Threei}  check again please

[09:12] {nemo} valet vad

[09:12] {ese} tks

[09:12] {ese} perfect....expires in 2 years

[09:13] {ese} thanks

[09:14] {ese} Toronto mayor Rob Ford....now his driver is charged with drug trafficing......what a joke this guy is....scary thing is they can't seem to get rid of this idiot

[09:16] {fish_49} Send him to Washington DC

[09:17] {dino} gm

[09:17] {RonS} gm

01[09:17] {&Threei}  dino, ron :)

[09:21] {nemo} http://bit.ly/19SE1gc

[09:22] {cipher} gm

[09:22] {drewj} gm

01[09:22] {&Threei}  cipher, drew :)

[09:23] {jdetente} morning guys

01[09:23] {&Threei}  jd :)

[09:24] {Alexs} gm

01[09:24] {&Threei}  alex :)

[09:25] {nemo} this is interesting:  http://bit.ly/15L8qfh

[09:26] {jdetente} par for the course, eh?

[09:27] {jdetente} brazen I'll give them that

01[09:27] {&Threei}  heh... I want to hear again how this healthcare act is about care for the poor

01[09:27] {&Threei}  what a ruze

[09:27] {jdetente} and they think we're roobs

[09:27] {fish_49} do you really want to hear it again Vad ?

[09:27] {fish_49} lol

01[09:27] {&Threei}  and the numbers of people who believe this bs, oy

01[09:28] {&Threei}  yes fish... it's very soothing

[09:29] {fish_49} ok get this...  Socialism is the way to go

[09:29] {fish_49} was that soothing enough?

[09:29] {jdetente} assimilate or die

01[09:29] {&Threei}  no... soothing is reassurance that it's good for me

[09:29] {jdetente} socialism is the new :normal:

[09:30] {+cc_9} good late morning

01[09:30] {&Threei}  cc9 :)

[09:30] {+cc_9} Welp, gap down, looks like another btfd morning

[09:30] {_sara} Good morning

01[09:31] {&Threei}  sara :)

[09:31] {fish_49} you were right Nemo

01[09:33] {&Threei} Long Setup:  GDX  .60 break

01[09:33] {&Threei}  .c .55

01[09:33] {&Threei}  If holds  .55 

[09:35] {nemo} who was Louis Cypher?

01[09:36] {&Threei}  1:1

01[09:36] {&Threei}  IMF is competing with me for Captain Obvious title

[09:36] {nemo} He's like a parrot

01[09:36] {&Threei}  (US) IMF: So far the partial US government shutdown has had a very limited impact- Too big to fail issue has not been completely dealt with

01[09:36] {&Threei}  "completely"?

01[09:36] {&Threei}  it was not dealt with at all

[09:36] {nemo} mmmhhh, when's Les gonna' show up for his beating?

[09:37] {jdetente} speaking of too big to fail

[09:37] {+cc_9} No surprises there, SPY new session hihs lol

[09:37] {+cc_9} IWM taking a breather

[09:39] {dino} an hl l .97

01[09:40] {&Threei}  let's take 1/4 more off the table here

[09:40] {robbers} Out, thanks.

01[09:40] {&Threei}  yw

[09:40] {fish_49} ty vad

01[09:40] {&Threei}  1:2

[09:45] {+cc_9} TNA volume remaining relatively high

[09:45] {+cc_9} FB major spike

[09:46] {nemo} look at P

[09:46] {+cc_9} yea

[09:46] {+cc_9} IWM trying to hold its shit together

[09:46] {+cc_9} SPY should follow here

01[09:47] {&Threei}  (US) Moody's chief economist Zandi: Healthcare reform has not had any meaningful impact on the jobs market

01[09:47] {&Threei}  how does he know that?

01[09:48] {&Threei}  with all the hours cuts to keep under full time limit, it'd hard to accept that it hasn't

[09:48] {nemo} Is Moody's still on unsteady ground with Justice?

[09:48] {RonS} sherwin williams is moving all full time to 30 hours...

[09:49] {RonS} O will trumpet win from the spike in employment...

[09:50] {+cc_9} FU running again fwiw

01[09:51] {&Threei}  watch it cc

01[09:51] {&Threei}  lady's in da house

[09:51] {+cc_9} No really, FU is running

[09:51] {nemo} spy straddling the 50 day

[09:51] {nemo} and people give me shit about my language....jeez CC

01[09:52] {&Threei} Short Setup: C  .90 break

[09:52] {+cc_9} hey now nemo, clean your act, its not even 10AM

01[09:52] {&Threei}  If holds  51 

[09:52] {nemo} Oh, you didn't see the pre-market exchanges, did you...

[09:53] {Alexs} C?

[09:53] {drewj} ?

01[09:53] {&Threei}  grrr

[09:53] {robbers} ?

01[09:53] {&Threei}  sorry

01[09:53] {&Threei}  wrong symbol

[09:53] {fish_49} lol  he is getting ready just in case

01[09:53] {&Threei}  too many stocks

01[09:53] {&Threei} Short Setup: FB  .90 break

[09:53] {fish_49} out C 4:1  thnks Vad

01[09:53] {&Threei}  If holds  51 

01[09:54] {&Threei}  lol

01[09:54] {&Threei}  change to 51 break

01[09:54] {&Threei}  If holds  .05 

[09:54] {nemo} gonna breakout it looks like

01[09:54] {&Threei}  Invalidated  

[09:55] {RonS} etn fat finger

[09:56] {nemo} spy levels today: http://bit.ly/174lBLZ

[09:56] {jdetente} darn FB

[09:56] {jdetente} reversed on us

01[09:57] {&Threei}  a bit too sudden and with no setup

[09:57] {jdetente} indeed

01[09:57] {&Threei}  let's see if it bounces and gives us double top

[09:57] {nemo} actually, it kissed R1 and dropped

01[09:57] {&Threei}  well, I can't trade off that alone

[09:57] {nemo} you don't even look at them

01[09:58] {&Threei}  because I can't trade of that

[09:58] {nemo} use the force for Darth's sake!

01[09:58] {&Threei}  why bother looking? {G}

[09:58] {nemo} just see it in your mind

[09:58] {nemo} this is bad....

[09:58] {nemo} I'm sober

[10:00] {jdetente} drink nemo drink

[10:00] {jdetente} poor yourself some rye and start talking sense

[10:00] {nemo} no alcohol left....I was writing until the wee hours, ran out of fuel

[10:01] {jdetente} pour that is

[10:01] {jdetente} oh that's not good

01[10:01] {&Threei}  ugh... .90 was it

01[10:02] {&Threei}  with high at 51.10, I wanted bounce over 51 and recross

[10:02] {jdetente} FB ran away with its candy

[10:02] {fish_49} scalp it long at .68

[10:05] {+cc_9} Check out this guy lol http://img534.imageshack.us/img534/6623/mhlu.jpg

01[10:06] {&Threei}  he is nothing if not flexible

[10:06] {nemo} should change his nick to sybil

[10:07] {nemo} 50 day is the floor so far on the spy

[10:07] {+cc_9} SPY accelerating

[10:08] {jdetente} that's a nice red bar

01[10:08] {&Threei}  wow

[10:08] {fish_49} news?

01[10:09] {&Threei}  no

[10:10] {+cc_9} Long SSO 84.42

[10:10] {+cc_9} tgt 84.85+

[10:11] {+cc_9} job #s were soft, but it did not affect futures pre-market

[10:15] {+cc_9} SPY trouble @ $168

[10:16] {+cc_9} Check out volume TNA 15min this morning so far vs yesterday up until this time

[10:17] {+cc_9} SPY trying 168 again, should get through this time

[10:18] {+cc_9} breakout 168.10

[10:18] {nemo} Tom Clancy died

01[10:18] {&Threei} Short Setup: GDX  .80 break

[10:18] {dino} aepi sm l .65

01[10:18] {&Threei}  If holds  .86 

[10:19] {+cc_9} SSO so far so good

[10:20] {+cc_9} SPY testing that 168.10, should get through

[10:20] {nemo} 168.20 on spy likely the top

[10:23] {+cc_9} not much volume on this pullback from 168.10, staying with it.

[10:25] {+cc_9} IWM poking its head out

[10:25] {+cc_9} should get a follow through on rest

01[10:26] {&Threei}  meh'

[10:26] {fish_49} ouch

[10:26] {dino} out an ave .13, +.30

[10:27] {+cc_9} SPY it pops now

[10:27] {+cc_9} get ready for it :)

[10:27] {+cc_9} IWM slowly creeping higher

[10:30] {dino} rue spike

01[10:30] {&Threei} Short Setup: WFC  41 break

01[10:30] {&Threei}  If holds  .10 

[10:31] {+cc_9} Staying with it

[10:34] {nemo} cvx kissing the 200 day, likely bounce

[10:37] {+cc_9} SPY boom :D

[10:37] {+cc_9} some patience is all

[10:37] {fish_49} and some brass balls

[10:37] {+cc_9} Out half SSO 84.65 + $0.23

[10:37] {+cc_9} holding rest for 84.85+

[10:38] {+cc_9} SPY is the only technical tool that I use to trade anything else

[10:38] {+cc_9} If you don;t have at least one SPY chart running at all times, I recommend you do.

01[10:46] {&Threei}  Invalidated  

[10:50] {dino} an hl l .23

01[10:50] {&Threei} Short Setup: GDX  25 break

01[10:50] {&Threei}  If holds  .05 

[10:50] {nemo} spy crawling along under the 50 day

[10:51] {+cc_9} She goes

01[10:51] {&Threei}  Invalidated  

01[10:52] {&Threei}  valid again

[10:52] {+cc_9} Making mint on that cheapie SSO picked up earlier ;)

[10:53] {+cc_9} 10:10 cc_9 Long SSO 84.42

[10:53] {+cc_9} 10:10 if you look @ the chart, is bottom of the day

[10:55] {+cc_9} SPY through 168.20

[10:55] {+cc_9} Our rest SSO 84.80

[10:55] {+cc_9} out*

[10:55] {+cc_9} And that, friends, is BTFD 

01[10:56] {&Threei}  stop .08

[11:01] {dino} what does btfd mean?

[11:02] {nemo} Buy The F'n Dip!

[11:02] {fish_49} thanks for asking Dino

[11:02] {dino} lol

01[11:04] {&Threei}  1:1

[11:06] {+cc_9} thanks for explaining nemo

[11:06] {nemo} np

[11:06] {+cc_9} came in early with it too lol 09:31 cc_9 Welp, gap down, looks like another btfd morning

[11:07] {+cc_9} we should slow down here till afternoon

[11:07] {+cc_9} Fish, how is the platform demo going ? I have an open window if need setting up Layout

[11:07] {nemo} http://bit.ly/1g3E2nN

[11:07] {fish_49} not using it right now

[11:07] {fish_49} out in full

[11:07] {fish_49} thanks vad

[11:08] {+cc_9} lol nemo

[11:08] {robbers} Out half.

[11:09] {nemo} bet the worst thing dino ever says is "gosh, darn!"

[11:09] {fish_49} lolnow that it explains BTFD

[11:10] {nemo} yeah, doug kass tweeted that video a few years back

[11:10] {dino} yeah, right nemo. 

[11:10] {fish_49} nemo CC should show up and exhort us to BTFD! 

[11:11] {dino} every trader swears alot

[11:11] {fish_49} cc_9 Welp, gap down, looks like another btfd morning 

[11:11] {dino} and i throw and hit things

[11:11] {nemo} [09:00] {nemo} CC should show up and exhort us to BTFD!

[11:11] {+cc_9} lol nemo

[11:11] {robbers} I hit my keyboard a couple times till it broke it.

[11:11] {fish_49} 09:31 fish_49 you were right Nemo 

[11:11] {+cc_9} fish, i came in late did not read what nemo said

[11:11] {+cc_9} but yes, he was 100% correct

[11:11] {+cc_9} lololol

[11:12] {dino} kicked my cpu box one time so hard it broke

[11:12] {nemo} shit gpn may be going for another run

[11:12] {dino} finally bought heavy bag

[11:12] {fish_49} new name  BTFDYI

[11:12] {robbers} LOL, it doesn't hit back.

[11:12] {nemo} did you hurt your wrists dino?

[11:13] {dino} ?

01[11:13] {&Threei}  I never swear

01[11:13] {&Threei}  ever

[11:13] {+cc_9} SPY making it clear once again, that the only technical analysis that works is btfd

01[11:13] {&Threei}  unless i switch to russian

[11:13] {+cc_9} fresh highs

01[11:13] {&Threei}  the i do

[11:14] {+cc_9} Speaking of Russian, whats with krokodil now showing up in the US

[11:14] {nemo} over the years I've seen alot of people line up on heavy bags that hadn't learned how to punch.  They haul off and hit it as hard as they can, and the wrists give out on impact...not a pretty sight

[11:15] {nemo} Best one though was I show up for class one night and the guys are cleaning blood up from around BOB

[11:15] {nemo} Bob is one of those human shaped punching dummies

[11:15] {dino} no, don't have that problem

[11:15] {nemo} Turns out some guy came for an interview to join

[11:15] {nemo} Had a karate background

[11:16] {nemo} So the guy who runs the place demonstrates a technique that looks kinda like what's called a ridgehand

[11:16] {+cc_9} SPY } 168.50

[11:16] {nemo} yeah grind up

[11:16] {nemo} they'll close the gap

01[11:16] {&Threei}  (US) President Obama invites leaders of Congress to the White House today for discussions over the Govt shutdown and debt limit

01[11:16] {&Threei}  beer summit?

[11:16] {nemo} anyway...the guy says, I know that strike, so he wants to show his stuff

[11:16] {dino} dope smoking my guess

[11:17] {nemo} Well, the guy who runs the place, nah, former army ranger, moves him off the heavy bag, this one weighs 200 lbs., over to Bob, because he's much softer.

[11:18] {nemo} Well, the guy winds up and whacks Bob in the head.  They said the bone popped out of the skin near the wrist and the elbow.

[11:18] {nemo} Thus the blood

[11:18] {fish_49} Tom Clancy died?

[11:18] {dino} ouch

[11:18] {nemo} Years of doing things in the air came back to haunt him.  Had never tried it out

[11:18] {nemo} Yeah, he never came back for his shoes

[11:20] {nemo} they sat there at the entrance for months

[11:23] {nemo} yeah, Clancy died...he never looked very healthy, and he was a heavy smoker

[11:23] {+cc_9} FB back to opening price

01[11:27] {&Threei}  1:2

[11:30] {nemo} gpn, start looking for bounce in the .20-.40 area

01[11:31] {&Threei}  action is slow, so just playing by the book

[11:32] {bryl} morning

[11:33] {nemo} hair gel-how r ya'?

[11:33] {bryl} ah  a little dab will do you

[11:34] {nemo} well, now we have a better idea how old you are

[11:34] {bryl} or should i say a little jab  for the karate guy

[11:34] {nemo} and that you're American

[11:34] {nemo} I'm not a karate guy

[11:34] {bryl} yeah  im ancient   older than lava   nope    canuk from Toronto

[11:34] {nemo} got news for you that's part of North America

[11:35] {nemo} you guys are the 51'st state except for the fur trader Quebecois

[11:35] {bryl} We want to seperate from Canada    pay too many taxes and not enough services   dont get me started

[11:35] {nemo} yeah, I understand

[11:37] {dino} icpt drop

01[11:39] {&Threei}  morning bryl

01[11:39] {&Threei}  funny... who doesn't want to separate from Canada

[11:40] {nemo} It's like Massachusetts, you get west of Worcester with the exception of Springfield, and people are normal...you get in closer to Boston, and you can truly appreciate the term:  MASSHOLE!!!

[11:41] {nemo} What's worse many have migrated to Maine New Hampshire and Vermont, affecting those states

[11:43] {nemo} Boatman!!!

[11:44] {Chaeron} Hey nemo! GM all

01[11:44] {&Threei}  chaeron :)

[11:44] {dino} out an, ave .22, +.10

01[11:45] {&Threei}  one more leg down, and will get interested in FB long

[11:45] {+cc_9} GOV SHUT DOWN BREAKING NEWS : no new updates.

[11:45] {nemo} yeah, the parks are closed.  93% of the EPA employees were sent home a "non-essential"

[11:45] {bryl} lol

[11:47] {fish_49} I don't understand something about the parks.  They try to deny WWII vets from visiting but they kept Park police on duty to keep them out.  seems if they are essential they should have kept the memorial open?

[11:48] {nemo} and it's primarily privately funded

[11:48] {nemo} http://bit.ly/1g3IiUg

[11:49] {bryl} strange indeed ?

[11:50] {nemo} all gamesmanship

[11:50] {+cc_9} nice call on ICPT dino

[11:50] {+cc_9} pulply but it did move a nice point 

[11:50] {RonS} simple...political theater...wh warroom determining how best to make the repubs look bad...

[11:51] {+cc_9} Einhorn explaining why he is short GMCR on bloomberg

[11:51] {fish_49} I like how the news covered the shutdown last night...  There are food banks and loan centers open for those gov employees who have been put on furlough.   HUH  They need food after one day of being shut down?  they are not paid daily thank god 

[11:51] {+cc_9} stock taking a hit on that

[11:56] {nemo} RHT looking short

01[11:57] {&Threei}  let's trail to .86

[11:57] {nemo} thinking resistance .26 area

[12:04] {+cc_9} oh the market dipped around 11:30 ? That's cute. btfd

[12:07] {fish_49} Lunch time Rally?

[12:08] {nemo} grindup

[12:09] {nemo} http://bit.ly/15IPLWX

[12:10] {fish_49} Wow  was not expecting that man in Denver area

[12:10] {fish_49} ahhh it includes military

[12:11] {fish_49} It

[12:12] {bryl} how about Utah?  Mostly military there?

[12:12] {fish_49} NSA now

[12:12] {fish_49} lol

[12:13] {+cc_9} I swear North Dakota is not even part of the US

[12:14] {+cc_9} And I mean that in a good way

[12:14] {+cc_9} resilient state.

[12:14] {fish_49} you have been there cc?

[12:15] {+cc_9} No, I think you need a visa to go there from within the US

[12:15] {fish_49} lol

[12:15] {RonS} or a mastercard

[12:16] {dino} lol

[12:16] {RonS} speaking of screwball jokes...where's Will?

01[12:17] {&Threei}  he went to Arizonas for a month, and so far haven't found satisfactory internet connection for trading

01[12:17] {&Threei}  wifi in resort is flaky

[12:19] {+cc_9} NFLX all time highs

01[12:20] {&Threei}  out GDX in full

01[12:20] {&Threei}  1:3 is close enough

[12:20] {fish_49} gj vad

[12:20] {drewj} nice one vad

01[12:20] {&Threei}  happy with how the day goes

[12:20] {drewj} ty

[12:21] {fish_49} Drew making money today?}

[12:21] {bryl} Nice

[12:21] {drewj} yes sir

01[12:21] {&Threei}  and my camera called... said she packed herself in the box and shipped herself to me, to fall in my bear hug tomorrow

[12:22] {fish_49} ohhh  no trading tomorrow

[12:22] {fish_49} lol

[12:22] {bryl} where you taking pix tomorrow?

01[12:22] {&Threei}  well, it won't be in the very morning I guess

[12:22] {drewj} i've finally got the self discipline to follow all the calls and stick to SOP

[12:22] {jdetente} Vad's going to call in *cough* sick

01[12:22] {&Threei}  cool beans drew

[12:23] {Chaeron} fb

[12:23] {drewj} ty

01[12:23] {&Threei}  no jd, I would never... ever...

[12:23] {fish_49} tomorrow good day to explore CC's platform

01[12:23] {&Threei}  I will be here, on duty

[12:23] {dino} gj drew

[12:23] {drewj} ty

01[12:24] {&Threei}  but if you find out that asnwering question "ABCD log or short" I say "yeah, Ben is a goof" you might take it under consideration that I am not entirely aware of what universe I am in

01[12:25] {&Threei}  have you guys seen my yesterday's rainbow series?

[12:25] {bryl} on the site?

01[12:25] {&Threei}  my FB photography page

01[12:25] {&Threei}  https://www.facebook.com/VadymGraiferPhotography

[12:25] {fish_49} the one with the pot of GLD?

01[12:26] {&Threei}  I decided to shoot rainbows for the last time with this camera, then switch to unicorns with new one

[12:26] {robbers} Out, thank you Vad. GDX.

01[12:26] {&Threei}  and speaking of FB... want it to lose .20 to get interested in long

01[12:26] {&Threei}  yw robbers

01[12:26] {&Threei}  and fish... lol

01[12:27] {&Threei}  por of GLD is a good one

01[12:27] {&Threei}  pot

[12:27] {ese} am outta her....still watchin my swing trade in tibx +1.10 right now.....think i'm gonna be outta this by the end of the day

[12:27] {ese} cya tomorrow

01[12:28] {&Threei}  take care ese

[12:28] {ese} cya vad

[12:28] {Alexs} fb ready?

01[12:28] {&Threei} Long Setup:  FB  .15 break

01[12:28] {&Threei}  If holds  .10 

01[12:28] {&Threei}  want to try for the reversal with tight stops

01[12:31] {&Threei}  1:1

[12:40] {robbers} Out of this one, have to go camera shopping.

01[12:40] {&Threei}  lol, really?

01[12:40] {&Threei}  stop to .19

[12:40] {robbers} No, I'll stick with my OM-1, LOL.

01[12:41] {&Threei}  did those rainbows push you over the fence or what {g}

[12:41] {robbers} Does anyone still make film? 

01[12:41] {&Threei}  yes... but it becomes a rarity

[12:42] {fish_49} you can only find it in North Korea

[12:42] {robbers} Will look at the rainbows in a few minutes.

[12:42] {+cc_9} oh, the market went down again at 12:20 ? That's cute, btfd

01[12:42] {&Threei}  are you on FB?

[12:43] {robbers} Sort of, don't really use it, but you always send me a link.

[12:43] {Chaeron} don't have an FB account, but IN FB...

01[12:43] {&Threei}  yeah but I post them more regularly on FB

01[12:43] {&Threei}  1:2

[12:43] {fish_49} out here  thanks vad

[12:43] {Chaeron} I want my tombstone to read "He never had a FB account..."

01[12:43] {&Threei}  on the blog, it a once-twice a month, collectoon accumulated

01[12:43] {&Threei}  on FB they are disxtributed evenky

01[12:43] {&Threei}  evenly

01[12:44] {&Threei}  so do I chaeron, but...

01[12:44] {&Threei}  remember that candy FB decided to keep in the morningm, running away from us?

01[12:45] {&Threei}  well, we caught up with it, clubbed it, broke its arm and took candy away

01[12:45] {&Threei}  and let it be a lesson for all other greedy candywithholders

[12:46] {fish_49} lol

[12:46] {dino} fngn sm l .00

[12:47] {jdetente} FB shall be an example to all other babies with candy

[12:47] {jdetente} Fight us and we shall club you

01[12:48] {&Threei}  they need to realize that the choice is not between keeping candy or giving it away

01[12:48] {&Threei}  soice is between beeing candiless and clubbed and candilless

01[12:48] {&Threei}  choice

[12:49] {fish_49} man those are some wicked moves

[12:50] {Alexs} stop .29 now?

[12:50] {Alexs} lol

[12:50] {bryl} I like the Butchart gardens pix

01[12:51] {&Threei}  there are a few more earlier

[12:52] {fish_49} I'm already out of FB  but would .26 

[12:53] {fish_49} be a good stop

[13:00] {dino} pot, mos spikes

01[13:01] {&Threei}  URKA.RU Russia said to be likely to sell its stake in the company to a local purchaser

01[13:02] {&Threei}  this is why

01[13:04] {&Threei}  lol... entered BBBY instead of BBRY and seeing $78 thought I was taken a few years back in time machine

[13:04] {fish_49} that's one hella rally Vad

[13:04] {Les} news?

[13:04] {Les} gm

01[13:05] {&Threei}  hi les

06[13:05] * Les slaps nemo around a bit with a large trout

01[13:05] {&Threei}  on BBRY?

[13:05] {Les} too tired to use imagination on Nemo

[13:05] {Les} yeh

01[13:05] {&Threei}  yeah... a few possible suitors indicate interest

[13:06] {Les} http://www.finviz.com/quote.ashx?t=tsla&ty=c&ta=1&p=d

[13:06] {Les} sweet chart setup

01[13:06] {&Threei}  missed nice day Les

[13:07] {Les} 1 more week of long hours

01[13:07] {&Threei}  we are taking candies from babies left and right

[13:07] {jdetente} Les you may need to leave room

[13:07] {jdetente} we don't want a cooler

01[13:07] {&Threei}  babies be crying

01[13:07] {&Threei}  we be laughing

01[13:07] {&Threei}  candies be eaten

[13:07] {Les} vad stealing candy was never my problem

[13:08] {+cc_9} Wallstreet Bankers speaking live : http://www.bloomberg.com/tv/

[13:08] {Les} thinking I could steal it better than vad was always my problem

[13:08] {Les} now I let vad steal my candy

01[13:14] {&Threei}  yours? or someone's for you?

[13:16] {dino} unxl spike

[13:23] {dino} mos hl s .35

[13:25] {+cc_9} SPY just up up up up

[13:26] {Les} steal my candy and I'll send ya a letter bomb signed by Nemo

[13:26] {Les} sorry... tired

[13:27] {Les} what brings me back to trading is humble manner by recognising how frikin shitty it is to really work for money

[13:31] {jdetente} I was away for a month Les...new 9 to 5 gig?

01[13:35] {&Threei}  they let him beat people up for a fee... and he called them all nemo and worked really hard

01[13:36] {&Threei}  their screams "whatcha talkin' 'bout, my name's not nemo" were in vain

[13:36] {jdetente} that sounds about right

01[13:37] {&Threei}  he smiled and responded "to me you are, and it makes my job just more enjoyable"

01[13:38] {&Threei}  and to be honest... who of us wouldn't take that job

01[13:38] {&Threei}  and wouldn't enjoy it

[13:42] {Les} speaking of... he dead drunk already?

[13:42] {dino} mos stop .51 -.16

[13:42] {RonS} lol

01[13:42] {&Threei}  well, maybe, but you'd be safer to assume he pretends...

01[13:42] {&Threei}  while laying in the trench and waiting for you to feel safe

01[13:43] {&Threei}  and strike when you expect the least

[13:43] {Les} http://www.securitas.ch/en/jobs/securijob.html

[13:43] {Les} needed to get my shit squared away jd

[13:44] {Les} these guys foolishly hired me straight off

01[13:44] {&Threei}  after all, you are somewhat out of practice, some extra caution won't hurt

01[13:44] {&Threei}  (US) White House Press Sec Carney: Treasury Sec Lew will speak with Congressional leaders to discuss debt today; Speaker Boehner needs to allow a vote on the 'clean CR', believe the majority of the House would approve it given the opportunity to vote

01[13:46] {&Threei}  who the hell is Lew to tell elected officials and speaker of the house what to do

[13:46] {nemo} fit and courageous...wtf

01[13:46] {&Threei}  Lew??

[13:47] {Les} hehehe

01[13:47] {&Threei}  :)

[13:47] {nemo} Les wannabe website

[13:56] {jdetente} that's cool Les...

[13:56] {jdetente} nothing wrong with cracking a few skulls

[13:57] {Les} thinking if Ben and Co. gonna destroy the world, might as well be in the clean up crew...

[13:59] {jdetente} do you get to wear a beret?

[13:59] {Les} yeh... gotta

[13:59] {Les} wankish... cap would be nice

[13:59] {jdetente} is that standard issue for security in Switzerland?

[13:59] {nemo} they make you put a bag over your head too?

[14:00] {Les} hehehe

[14:00] {robbers} Funny, Nemo.

[14:00] {Les} nah biggest security company in the country making their own mark. Snazzy well heeled clients. It works

[14:00] {jdetente} ah makes sense

[14:02] {Les} gotta sleep a+

[14:10] {nemo} Les is probably the practice dummy

[14:11] {fish_49} Les working a regular job now?

[14:11] {nemo} javelin catcher

[14:12] {fish_49} Nemo you ever see an exploding target?

[14:12] {nemo} of course

[14:13] {fish_49} can't believe that is legal

[14:13] {nemo} I can't believe Congress is legal

01[14:13] {&Threei}  lol

[14:13] {fish_49} http://www.youtube.com/watch?v=HH---Ch9pBU

[14:14] {fish_49} has to be hit with high velocity or it won't explode

[14:16] {nemo} savage is a nice rifle

[14:16] {nemo} 22-250 frickin' varmint round

[14:16] {fish_49} I don't think a .22 cal will blow it up

[14:16] {nemo} If I didn't already have all the rifles I'll ever need, I'd buy one of theirs

[14:17] {nemo} they're a local company up here too

[14:17] {nemo} A buddy of mine lives out by Fort Devens...we'd sit on his front porch and watch the artillery target practice

[14:18] {fish_49} My nephew into those targets  just to piss off his mom

[14:18] {nemo} God bless him

[14:18] {fish_49} Your familiar with Devens?

[14:19] {nemo} Yeah, we use the 600 and 1000 yard ranges up there

[14:19] {nemo} Frickin' state police ruined the pop-up range a few years back

[14:19] {fish_49} THE DOJ took over some land there and opened a very large Federal Prison Hospital at Devens

[14:19] {nemo} They were shooting from helicopters, shot out the hydraulics

[14:20] {nemo} Yeah, there were alot of abandoned buildings

[14:20] {RonS} hate it when that happens...

[14:20] {nemo} SF guys come up their to train

[14:20] {nemo} there

[14:21] {fish_49} That was my job for the last 8 years in Gov  I went out  and did audits on DOJ facilities  Was scheduled to go to devens  in August but retired instead

[14:21] {nemo} sometimes the scariest thing is seeing a LEO with a firearm, and not for the right reasons

[14:21] {nemo} Funny story...

[14:21] {fish_49} I didn't carry my last 15 years

[14:22] {nemo} Bought a P229 off a cop...

[14:22] {fish_49} let me guess

[14:22] {nemo} Told me a story about a guy when he retired.  Had NEVER taken his revolver out of the leather holster

[14:22] {fish_49} come to find out it was a P229 he confiscated from a thug?

[14:22] {nemo} it was covered with the green stuff from the decaying leather

[14:23] {nemo} They had to hammer open the cylinder

[14:23] {dino} lol

[14:23] {fish_49} Oh 

[14:23] {nemo} Nah, he had actually had some specialty work done on it.  Really light trigger

[14:24] {fish_49} Where is CC  did he buy the dip?

[14:25] {RonS} never buys the dip...

[14:25] {RonS} btfd only

[14:25] {fish_49} I'm all for buying the dip  but it's like farting when you get my age..  Not sure if its gas or the real thing

[14:25] {dino} been real all year fish

[14:26] {nemo} been real for 5 years

[14:26] {nemo} March of 2009 anyway

[14:26] {nemo} The Bennie B put

[14:27] {fish_49} just hard to get used to buy when long red bars screaming down on you..  lol

[14:28] {fish_49} so I'm looking at a 5 min chart on the spy  looks more like H&S forming

[14:28] {nemo} 168.50 is vwap which is just above the monthly pivot, unlikely we get below it

[14:30] {fish_49} perhaps we could get below it, if the Government opens back up

[14:33] {fish_49} Vad be patient  your camera will arrive tomorrow.  we see you salvitating there

01[14:36] {&Threei}  guess what fish

01[14:36] {&Threei}  it;s here

01[14:36] {&Threei}  good bye world

[14:36] {fish_49} serious?

01[14:36] {&Threei}  yes

[14:36] {nemo} gotta' go change his underwear

[14:36] {fish_49} awesome

[14:36] {fish_49} see you tomorrow

[14:36] {Alexs} lol

01[14:37] {&Threei}  lol

01[14:37] {&Threei}  battery is charging

01[14:37] {&Threei}  so... still a few :)

[14:37] {fish_49} make the first pic a pic of you with a big smile

[14:37] {nemo} camera or your pacemaker?

[14:37] {Alexs} lol

[14:38] {nemo} Bet his camera will have a place in the family plot

01[14:39] {&Threei}  hmmm

[14:39] {nemo} toss the wife

01[14:39] {&Threei}  that would make it a very polygamous plot

[14:39] {nemo} I didn't say marry it

[14:40] {+cc_9} SPY falling here

[14:40] {dino} tsla blood

[14:40] {bryl} polycamerous?

[14:40] {jdetente} nice

[14:41] {nemo} starting to sound like Woody Allen issues here

01[14:41] {&Threei}  lol

[14:46] {jdetente} http://www.youtube.com/watch?v=vLKhJnKrf9M

[14:46] {jdetente} Vad tread lightly

[14:48] {RonS} ...and carry a big stick

[14:48] {+cc_9} dino, flushing hard TSLA

[14:50] {dino} bumming, missed it 3x going down

[14:51] {dino} thing should drop about 50 points, makes money on tax credits

[14:51] {nemo} btw...who said they couldn't read the small font on DAS trader?

[14:52] {fish_49} me

[14:52] {dino} das auto

[14:52] {nemo} Le Car

[14:52] {nemo} anyway

[14:52] {nemo} put your mouse in the middle of the LII

[14:52] {nemo} right click

[14:52] {nemo} Level II config

[14:53] {nemo} then up near the top you'll see a window that says "Font"

[14:53] {dino} partial out fngn .39, +.39

[14:53] {fish_49} yes  I'm able to increase font there but what about stretching the order box below it

[14:53] {nemo} double click it, and proceed

[14:53] {+cc_9} nemo, im going to add you as a new cc_12

[14:53] {+cc_9} Great job at helping fish, your directions are correct.

[14:53] {nemo} cc-0 more like it

[14:54] {fish_49} that I was able to get yesterday

[14:54] {fish_49} it's not that box that is too small

[14:54] {+cc_9} Which one

[14:54] {fish_49} the order window itself 

[14:55] {nemo} do you mean the font on the mouse buttons

[14:56] {nemo} I figured that out once, but have since forgotten

[14:56] {+cc_9} Here is how you do it

[14:57] {+cc_9} go to Setup } Other configuration

[14:57] {+cc_9} Dialog Font

[14:57] {+cc_9} set to 72

[14:57] {+cc_9} enjoy from space

[14:57] {nemo} I dont' have that under other configuration

[14:57] {+cc_9} Yes you do

[14:58] {+cc_9} See }}} http://img4.imageshack.us/img4/4288/90z1.jpg

[14:58] {fish_49} OH my  I set to 20  lets decrease  thanks CC

[14:58] {+cc_9} Ok great.

[14:59] {nemo} no, I don't

[14:59] {+cc_9} nemo, go to Help } About

[14:59] {+cc_9} what version are you on ?

[14:59] {fish_49} thanks CC much gooder

[14:59] {bryl} take care guys  Im outta here   

[14:59] {+cc_9} np

[15:00] {nemo} http://bit.ly/18tZazu

01[15:00] {&Threei}  bye bryl

[15:01] {Alexs} do you use bryl gel nemo?

[15:02] {+cc_9} nemo, go to Help } About

[15:02] {+cc_9} what version are you using.

[15:02] {+cc_9} 2.XXX ?

[15:03] {nemo} 2.9

[15:03] {+cc_9} Tools } auto upgrade

[15:04] {nemo} now it won't boot

[15:04] {+cc_9} What do you mean

[15:05] {nemo} when i start the .exe it just crashes

[15:05] {+cc_9} Which .exe are you starting ?

[15:05] {+cc_9} Did you do the auto-upgrade ?

[15:05] {nemo} yes

[15:06] {+cc_9} You have your layout all saved etc...correct ?

[15:06] {nemo} even went into the directory

[15:06] {nemo} yes

[15:06] {+cc_9} Ok, copy paste the .dsk file somewhere safe

[15:06] {+cc_9} delete current das version, install this one : http://dastrader.com/download/MTS6.exe

[15:07] {+cc_9} It should take 2 minutes flat for all that.

[15:07] {nemo} frickin' used car salesman...checks in the mail, taxes won't go up, I promise honey, I won't....

[15:08] {+cc_9} its not my fault that you are on a lemon, i never gave you it

[15:08] {+cc_9} im giving you a brand new one now

[15:08] {+cc_9} you get to take it home TODAY!!!111ONE

[15:08] {nemo} Look, if I want to shoot the messenger, I will!!!

[15:09] {+cc_9} lol

[15:09] {+cc_9} download mts6, its the new server one

[15:09] {+cc_9} u will have the auto config font part on it and other things and such

[15:10] {nemo} What's this "Resistance is Futile"  shit

01[15:10] {&Threei}  (US) Group of moderate Republicans reportedly calling for Speaker Boehner to end the Govt shutdown and to find a way to stop the stalemate- Reminder: Earlier today reports were that at least 15 House Republicans now prepared to support a 'clean CR' bill that would reopen the Govt

[15:11] {+cc_9} do it

[15:12] {fish_49} when u have time cc  pm on your side

[15:13] {nemo} what's my USER ID

[15:14] {+cc_9} "What's my address"

[15:14] {+cc_9} Those are usually questions others ask you

[15:14] {+cc_9} Were you live account or demo, nemo

[15:14] {nemo} live

[15:14] {+cc_9} so it would have been NTRDXXX

[15:15] {+cc_9} u dont recall those last 3 digits ? if not, pm me your name and I can get it for you

[15:15] {nemo} yeah had the r and d reversed

[15:15] {+cc_9} ok, then just mild dyslexia

[15:16] {nemo} well, not quite everything came over...

[15:17] {+cc_9} All good, able to login ?

[15:17] {nemo} yeah, just user defined lists didn't come over

[15:17] {drewj} I'm taking off...

[15:17] {+cc_9} u get the config box now ?

[15:17] {drewj} have a good afternoon all

[15:17] {drewj} ty vad

[15:17] {nemo} yep

[15:17] {dino} cya

[15:18] {nemo} how do you bold that font

[15:18] {+cc_9} no can bold, just size big

[15:19] {nemo} wow, I could bold it in the previous version...wtf...you sold me a lemon!!!

[15:19] {Alexs} lol

[15:19] {+cc_9} how could you bold in the previous version when you could not even get the config box since it was not there ?

[15:19] {+cc_9} You're starting to sound like you want to win a lawsuit for spilling cold coffee on your lap

[15:20] {nemo} I had figured out at one time, and had killed that braincell since

[15:21] {nemo} it's a frickin' conspiracy

[15:21] {+cc_9} hehe

[15:21] {+cc_9} gotcha now

[15:21] {nemo} yeah, I'll getcha' later

[15:22] {+cc_9} so you CAN bold w/e u could before, the order entry txt u can raise the size of the font going to the additional config menu

[15:22] {+cc_9} if anything else, let me know

[15:22] {nemo} yeah, how do I save a user defined list, now that I've lost mine

[15:22] {nemo} btw...what does this new super duper version do?

[15:23] {+cc_9} Right click it and save it by name or as default

[15:23] {+cc_9} the new super ultra duper 10/10 no money down, bad credit also ok version, fixes all back-end bugs that were initially on previous.

[15:25] {nemo} I feel dirty, used, exploited

[15:25] {+cc_9} 35 more mins u can shower

[15:25] {+cc_9} but u can start drinking now

[15:25] {RonS} like it?

[15:25] {nemo} nah, ran out of booze at 1:00 am this morning

[15:26] {+cc_9} lol

[15:27] {nemo} yeah, when I get in a writing jag, I just keep going, until I run out of fuel

01[15:27] {&Threei} Short Setup: GLD  .10 breal

01[15:27] {&Threei}  If holds  .20 

[15:27] {dino} out aepi ave .95, +.40

[15:28] {Alexs} I thought we lost Vad

[15:28] {Alexs} you

[15:28] {+cc_9} TSLA bounce and a half, wow

[15:30] {+cc_9} SPY major bounce here

[15:30] {+cc_9} IWM major lag

[15:34] {nemo} hah!  didn't bring over my routing setups and tier sizes

01[15:34] {&Threei}  don't think you can get rid of me that easy alex

[15:35] {nemo} what are the better route defaults there CC?

[15:35] {Alexs} I hope not

01[15:42] {&Threei}  this is lovely alex... most answer it with this disappointed "no?... oh..."

[15:44] {fish_49} better answer would be  "Can I have your camera Vad?"

01[15:44] {&Threei}  sure... over my dead body

01[15:45] {&Threei}  this is where nemo says "no problem"

[15:45] {nemo} really?

[15:45] {fish_49} that is what Alex is going to do  it's team work

[15:45] {fish_49} he will take care of the body  I take the camera  we share responsibilities

[15:46] {Alexs} :)

[15:48] {nemo} crissakes...got Funk49 in my head again...gotta' change that nick

01[15:48] {&Threei}  let's trail to .16

[15:48] {fish_49} I wanted to change  to Nemo2  but everyone took a vote and said they would die if they had to put up with 2 nemo's

[15:48] {jdetente} yeah that guitar riff is catchy

[15:49] {jdetente} http://www.youtube.com/watch?v=U_qHU_6Ofc0

[15:49] {nemo} that kinda' landed with a thud

[15:50] {nemo} he used to bring a chainsaw on tour to destroy hotel rooms

01[15:50] {&Threei}  come on GLD, little closing panic

[15:50] {nemo} he'd cut doors between him and the other guys

[15:50] {fish_49} hmmm tried to change my stop to 0.16 and it took me out of the trade

[15:50] {fish_49} lol

[15:51] {jdetente} nice one fish

[15:51] {jdetente} lol

[15:51] {nemo} yeah, that guy that got thrown out of the eagles talked about it in an interview

[15:51] {fish_49} i'm trying to learn this platform

[15:51] {jdetente} the other guitar player

[15:51] {jdetente} right?

[15:52] {nemo} yeah, great interview too

[15:52] {jdetente} God I hate the Eagles...but Joe Walsh is great

[15:52] {jdetente} http://www.youtube.com/watch?v=-JlmvtAHhnc

[15:52] {nemo} ah well...you suck

[15:52] {jdetente} you driving that cab nemo??

[15:53] {nemo} ?

[15:53] {jdetente} big lebowski

[15:53] {nemo} ahhh

[15:54] {nemo} ahhhh, didn't realize it...James Gang formed in Cleveland...now that makes sense why he was on the Drew Carey show

[15:54] {dino} thx all, good day, gn

[15:54] {jdetente} yeah they're Ohio boys

[15:54] {jdetente} see ya dino

[15:56] {+cc_9} take care everyone, outa here for the day

01[15:57] {&Threei}  bye dino, cc

01[15:57] {&Threei}  ok, covering GLD for a smalli scalp

[15:57] {nemo} gap up tomorrow

01[15:57] {&Threei}  saved by the bell

01[15:58] {&Threei}  thank you all, very decent day

[15:58] {jdetente} yeah take my 5 cents on run. Thanks Vad. See ya manana

01[15:58] {&Threei}  have a great evening, see ypou tomorrow

Oct 1 2013

Interesting day that started with a few stops. Not getting discouraged and trading carefully, we returned into profitable territory with 1:3, couple 1:2s and scalps, finishing day on a plus side. Trader's job... keep calm and trade.

Session Time: Tue Oct 01 00:00:00 2013
[08:47] {fish_49} gold for sale this morning?
01[08:48] {&Threei}  and miners with it
[08:58] {fish_49} Out JY  +24 ticks  I made my money for the day
[08:58] {fish_49} lol
[08:59] {nemo} "A bikini is not a bikini unless it can be pulled through a wedding ring."
[09:01] {nemo} Do you think God knew what He was doing when He created woman? Huh? No shit. I really wanna know. Or do you think it was another one of His minor mistakes like tidal waves, earthquakes, FLOODS? You think women are like that? S'matter? You don't think God makes mistakes? Of course He does. We ALL make mistakes. Of course, when WE make mistakes they call it evil. When GOD makes mistakes,
[09:02] {nemo} they call it... nature. So whaddya think? Women... a mistake... or DID HE DO IT TO US ON PURPOSE?
01[09:02] {&Threei}  someone forgot his meds this morning?...
[09:03] {nemo} nah, Jack in Witches of Eastwick
[09:03] {fish_49} that's why god made bunnies
01[09:03] {&Threei}  and a magazine to feature them
[09:03] {dino} gm
01[09:03] {&Threei}  dino :)
[09:03] {RonS} gm lol
01[09:03] {&Threei}  ron :)
[09:04] {nemo} cute animal picture warning:  http://bit.ly/19SE1gc
[09:04] {RonS} hearing gold selloff due to all the govt workers selling...hehe
01[09:04] {&Threei}  lol
[09:06] {cipher} gm
01[09:06] {&Threei}  cipher :)
[09:10] {_sara} Hello, good afternoon
01[09:10] {&Threei}  good morning sara
[09:11] {cipher} afternoon?
[09:11] {fish_49} UK?
[09:11] {_sara} ok, yes morning for you
[09:11] {cipher} where are you sara?
[09:11] {_sara} Spain
[09:11] {cipher} cool
[09:11] {cipher} thinking about moving there
[09:11] {cipher} one of my choices
[09:12] {_sara} good weather but...
[09:12] {+cc_9} Good morning folks.
[09:12] {cipher} cc
01[09:12] {&Threei}  cc9 :)
[09:12] {_sara} hello cc
[09:12] {cipher} but?
[09:13] {_sara} is not a good place now
[09:13] {_sara} i think
[09:13] {cipher} you mean economy?
[09:13] {_sara} yes
[09:13] {cipher} I hear ya
[09:24] {jdetente} morning all
[09:24] {nemo} oh, the kicking bag is trying to get in
01[09:25] {&Threei}  jd :)
[09:26] {_sara} hello jd
[09:26] {Alexs} gm
01[09:26] {&Threei}  alex :)
[09:26] {+cc_9} GMCR once again on deck @ open, goes higher today once more.
[09:28] {jdetente} do you have a specific entry target cc?
01[09:29] {&Threei}  don't you find it ironic that SPY gaps up on govt shutdown
[09:29] {jdetente} seems kind of fitting
[09:30] {+cc_9} i always give GMCR a few minutes to settle (wide gap)
01[09:30] {&Threei} Short Setup: GLD  .10 break hl
01[09:30] {&Threei}  If holds  .20
[09:30] {+cc_9} going to start small position here 75.00
[09:30] {+cc_9} very high beta stock, so careful jd
01[09:31] {&Threei}  Invalidated
[09:31] {ese} gm...almost forgot to sign in
[09:31] {jdetente} morning ese
[09:32] {nemo} lucky us
[09:32] {ese} jd
[09:32] {+cc_9} u see spread goes as high as $0.30+
[09:32] {ese} lol
01[09:32] {&Threei}  ese :)
[09:32] {jdetente} yeah that's a good sized spread
[09:32] {+cc_9} GMCR tgt 76+
[09:32] {jdetente} just watching for the moment
[09:33] {+cc_9} Market once again : btfd
01[09:33] {&Threei}  got away
01[09:33] {&Threei}  (US) Senate Majority Leader Reid (D-NV): Senate to vote against latest House CR spending measure
01[09:34] {&Threei} Short Setup: FCX  .50 break
01[09:34] {&Threei}  If holds  .60
01[09:35] {&Threei}  stop .56
[09:35] {cipher} AMBA L.11
[09:36] {cipher} out .49
01[09:36] {&Threei}  meh
[09:37] {jdetente} dirty rotten scoundrel
[09:37] {+cc_9} BTFD = never fails
[09:37] {+cc_9} SPY session highs
01[09:38] {&Threei}  can't believe GLD short got away
01[09:38] {&Threei}  look at it
[09:38] {ese} nemo....tech question for ya........you still trading off of pivot points or are you just using them as a reference
[09:38] {+cc_9} GMCR no following through with SPY here...ugh
[09:38] {dino} bud hl l .80
01[09:39] {&Threei} Long Setup:  TZA  .55 break
01[09:39] {&Threei}  If holds  .47
[09:41] {Alexs} stop to .49?
[09:41] {+cc_9} GMCR catching some bids
01[09:41] {&Threei}  not yet
01[09:41] {&Threei}  after second .60 break, yes
[09:42] {+cc_9} GMCR new session highs
[09:42] {+cc_9} needs through .40s
01[09:43] {&Threei}  no go
[09:43] {+cc_9} GMCR out half 75.50 holding rest 76+, i love this stock, its official.
06[09:43] * Les slaps nemo around a bit with a large trout
[09:43] {jdetente} uh no
[09:43] {Les} everything works
01[09:43] {&Threei}  lol
[09:44] {nemo} like syphilis, he rises again
[09:44] {fish_49} WB Les
01[09:44] {&Threei}  welcome back Les, grand entrance
[09:44] {Les} creativity can wait
[09:44] {fish_49} why does it have to be a fish you slap that guy with?
[09:44] {jdetente} it's a euphanism
[09:44] {nemo} it's like fratricide fish
[09:44] {ese} LESSSSS!!!!!!!!!!!!!!! welcome back
[09:44] {jdetente} euphemism that is
[09:44] {Les} EEEESSSSSSSSSEEEEEEEEEE
[09:44] {nemo} Oh I heard Les and ese got back together for the sequel
[09:45] {ese} lol
[09:45] {Les} long summer, great summer
[09:45] {nemo} http://imdb.to/1aHDVKw
01[09:45] {&Threei} Long Setup:  FB  .90 break
01[09:45] {&Threei}  If holds  .80
[09:46] {+cc_9} GMCR here comes the takeoff
[09:46] {ese} unlike the other "crawling lower than a snakes belly in a wagon rut" individuals on this board.....i'm glad to see ya
[09:46] {dino} bud stop .54 -.26
01[09:46] {&Threei}  what the feuce
[09:46] {+cc_9} small order pending .65 offer, if gets taken next will take 76
[09:46] {nemo} mixed metaphor there
[09:46] {ese} feuce?
[09:47] {ese} awesome....love that one
[09:47] {+cc_9} GMCR .65 taken, pending .75
[09:47] {+cc_9} .75 GMCR taken
[09:47] {ese} in the mean time .....i'm up +.70 approx with tibx and 2500 of the little blighters
[09:48] {Les} nice
[09:48] {+cc_9} so far sold 75.50 / 75.65 / 75.75, last portion pending $76.00
[09:48] {ese} ya is good sometimes
[09:48] {+cc_9} GMCR 75.90 giddy up!
[09:48] {Les} entry price cc?
[09:48] {ese} tried to talk ron into this trade yesterday..........but it was a no go
[09:48] {Les} 75?
[09:48] {+cc_9} Les : 09:31 cc_9 going to start small position here 75.00
[09:49] {Les} yeh it's well marked
[09:49] {+cc_9} GMCR all out last batch $76.00 :D
[09:49] {Les} nice one
[09:49] {ese} nemo.....did you catch my earlier tech question for you
[09:49] {+cc_9} JD, next one we get it together mate
[09:49] {jdetente} will do
[09:50] {+cc_9} GMCR Trade P&L }}} http://img268.imageshack.us/img268/2150/x02r.JPG
01[09:50] {&Threei} Long Setup:  GDX  .60 break
01[09:51] {&Threei}  If holds  .50
[09:52] {ese} whoa....looks like Oct is going to be a very nice month
[09:52] {nemo} no sorry ese
[09:53] {ese} nemo....tech question for ya........you still trading off of pivot points or are you just using them as a reference
[09:53] {robbers} TZA acting nicely.
[09:53] {jdetente} we're going to call you Rerun ese
[09:53] {ese} lol
01[09:53] {&Threei}  change to .50 break
[09:53] {nemo} yes
01[09:53] {&Threei}  If holds  .45
[09:53] {jdetente} http://bagelradio.com/blog/uploaded_images/rerun-777257.png
[09:53] {dino} regn smr l .55
[09:54] {ese} yes to trading off or yes to just reference
[09:54] {nemo} well they are inflection points good place for soemthing to happen, spy right now is real tight around the Monthly pivot
[09:55] {nemo} it topped out at daily R1
[09:55] {ese} monthly pivot?  
[09:55] {ese} you find that more effective than intra day pivot
[09:56] {nemo} it's higher time frame...swing traders it's more important, but when multiple levels are REAL close together, than it has more significance
[09:56] {nemo} track daily, weekly, monthly
[09:56] {+cc_9} SPY, this gon be fun
[09:57] {nemo} 50 day right here on spy
[09:57] {ese} hmmm...ok thanks
[09:57] {_sara} SCHW .35 bo .30
[09:57] {nemo} check email ese
[09:58] {ese} will do
[09:58] {nemo} ism coming
[09:59] {nemo} it's also Mutual Fund day
[09:59] {ese} is that spy monthly nemo?
[09:59] {nemo} that's today ese
[09:59] {nemo} those are the potential inflection levels
[10:00] {nemo} notice how spy just bounced off the 50 day
[10:00] {ese} yup
01[10:01] {&Threei}  *(US) SEPT ISM MANUFACTURING: 56.2 V 55.0E; PRICES PAID: 56.5 V 55.0E -
01[10:02] {&Threei}  (US) Fitch: US debt ceiling is not itself a downgrade trigger, but a formal ratings review with potentially negative implications would be triggered if govt does not raise debt ceiling in a timely manner
01[10:03] {&Threei}  not delighted by today
[10:03] {+cc_9} GMCR back to $76 HOD
[10:04] {+cc_9} boom she goes
[10:06] {Les} DJIA lagging IWM could retreat here
[10:06] {dino} bud hl l .61
[10:06] {nemo} go take some pictures
[10:06] {Les} go screw yer bunny
[10:07] {nemo} whoa!
[10:07] {jdetente} cranky Les returns from vacation
[10:07] {Les} bankster DT?
[10:08] {Les} Nemo's wracked up a lot of slappin credit in my absence
[10:08] {nemo} I slacked off, when u left
[10:08] {dino} ccl hl l .51
[10:08] {+cc_9} SPY about to close yesterday's gap here
[10:08] {+cc_9} ($169)
[10:09] {nemo} will have to turn around at 69
[10:09] {nemo} short signals on indexes
06[10:09] * Les slaps Nemo for being two minutes late
[10:10] {dino} out bud .00, +.39
[10:10] {+cc_9} GMCR taking off
[10:10] {Les} DJIA catchup
[10:12] {nemo} strong this morning:  swk joy trip hlf cat unp dltr wlp
[10:12] {nemo} weak: now nem
[10:12] {nemo} tck yy mpc rrc
[10:17] {ese} nemo ...when you get a sec.....take a look at tibx for me 1min chart with pivots....just noticed it bounced off of resistance pivot 2....sky the limit for the rest of the day per chance
[10:20] {ese} with help from the spyders of course
[10:20] {+cc_9} SPY boom :D
[10:20] {+cc_9} BTFD everyday
[10:21] {+cc_9} SPY closing in on that $169
[10:22] {ese} yup
[10:24] {+cc_9} This is what I mean by BTFD : http://img34.imageshack.us/img34/524/m9t.JPG
[10:25] {jdetente} nice TNA
01[10:25] {&Threei} Short Setup: GDX  .40 break
01[10:25] {&Threei}  If holds  .50
[10:26] {Alexs} why so wide stop?
01[10:27] {&Threei}  wide?
01[10:27] {&Threei}  10 cents?
[10:27] {dino} rh hl l .01
06[10:28] * nemo slaps Alex with a coin filled sap
[10:28] {Alexs} resistence .45
01[10:28] {&Threei}  moving over .45 briefly wouldn't invalidate this setup
[10:28] {+cc_9} thanks JD
01[10:28] {&Threei}  moving over .50 would
[10:28] {Alexs} ok
[10:28] {+cc_9} Also, SPY hit that $169 like clock work
01[10:29] {&Threei}  .45 does form a resistance level enough to trail stop faster than 1:1
01[10:29] {&Threei}  but as invaslidation level it wouldn't fit for now
[10:29] {nemo} nem bottom might fall out
[10:29] {Alexs} ok ty
[10:30] {dino} out rh .32, +.31
[10:31] {nemo} cat
[10:32] {fish_49} Government should shut down more often
01[10:33] {&Threei}  or just once
[10:33] {fish_49} forever?
01[10:33] {&Threei}  right
[10:33] {+cc_9} SPY } $169
[10:33] {+cc_9} this is today's action, hope everyone banked on it. BTFD was pretty much all there was.
[10:34] {dino} out regn 313.60, +2.05
[10:34] {nemo} weekly spy pivot 169.35
[10:34] {+cc_9} look @ QIWI, wowzers
[10:34] {nemo} looks like the mutual funds will get there present
[10:35] {nemo} their
[10:35] {dino} floats 8 million shares and goes up
[10:38] {nemo} this is weekly R1 in IWM
01[10:38] {&Threei}  stop to .46
[10:38] {nemo} short signal in finnies
[10:38] {nemo} not in iwm or spy though
[10:46] {nemo} strong and weak stocks at the moment:  http://bit.ly/1g0fdsP
[10:50] {ese} what trading program is that nemo
[10:51] {nemo} it's a persistence algo, a friend of mine runs over at Kirshner trading, he lets me log into it
[10:52] {ese} cool ....nice to have  friends in high places
[10:52] {nemo} oh, shit...father is yelling at the rabbit...I'll be back
01[10:52] {&Threei}  1:1 is close enough
01[10:52] {&Threei}  half out
01[10:52] {&Threei}  stop to .41
[10:53] {ese} lol
[10:59] {nemo} now look for index shorts
[10:59] {nemo} almost iwm all time highs
[10:59] {nemo} what gov't shut-down
[11:00] {fish_49} Markets Slap Uncle Sam with Furlough
[11:02] {nemo} iwm strong though, might go for all time highs before a pullback
[11:14] {nemo} IWM party hats there
[11:15] {nemo} So.....
[11:15] {nemo} can Bennie keep this party running until he skeedaddles?
[11:16] {dino} becn gap fill jan
[11:18] {nemo} gawd they wanna' run the iwm
[11:20] {dino} ccl stop .34 -.17
[11:22] {_sara} CRUS .05 bd .10
01[11:23] {&Threei} Long Setup:  CAT  84 break
[11:23] {nemo} you shorting sara?
01[11:23] {&Threei}  If holds  .90
[11:23] {_sara} yes nemo
[11:24] {nemo} so your break is .05 with stop above .10?
[11:24] {_sara} yes
[11:24] {dino} what does bd mean sara? breakdown?
[11:24] {_sara} yes
[11:24] {nemo} my spanish is rusty
[11:26] {jdetente} pardon nemo sara he is our payaso
[11:27] {_sara} don't worry
[11:27] {nemo} payaso demonio perhaps
[11:28] {jdetente} duende
[11:28] {_sara} high spread sometimes in CRUS
[11:28] {nemo} nah, still too nice for me
[11:29] {jdetente} so true
[11:29] {nemo} you'll ruin my reputation
[11:30] {jdetente} if you were closer to the southwest the chupacabra might be a better fit
[11:30] {nemo} hah, I ain't Mexican
[11:30] {nemo} I remember an X-files episode about that
[11:31] {dino} that was a cool show
[11:31] {jdetente} yeah x-files was great until the last few seasons
[11:32] {nemo} after the first movie it went downhill, there was nowhere left to go with the story arc
[11:32] {nemo} that's why Duchovny left
[11:32] {dino} agreed
[11:32] {dino} hl l becn .51
[11:32] {+cc_9} did i miss anything ?
[11:32] {nemo} all-time highs in IWM
[11:32] {nemo} by .01 or .02
06[11:33] * Les slaps Nemo for introducing Downton Abbey into the house
[11:33] {nemo} sorry
[11:33] {jdetente} speaking of tv shows...anyone here watch Breaking Bad?
[11:33] {nemo} It might suck this year, so many of the cast have left
[11:33] {+cc_9} jd, yes
[11:33] {dino} out becn .81, +.30
[11:33] {+cc_9} well, watched*
[11:34] {jdetente} yeah I really enjoyed it
[11:34] {jdetente} good final episode
[11:34] {+cc_9} started watching it in 2009
[11:34] {+cc_9} been hooked ever since
[11:34] {+cc_9} Mad Men same thing
[11:34] {+cc_9} its like being hooked on Krokodil
[11:34] {jdetente} Mad Men has gone downhill I think
[11:34] {jdetente} I'm kind of losing interest
[11:35] {+cc_9} Where did you get ?
[11:35] {nemo} Justified is a fun show
[11:35] {jdetente} I've heard that
[11:35] {nemo} basically modern day western
[11:35] {jdetente} may need to check it out from the beginning
[11:35] {+cc_9} Boardwalk Empire is good as well
[11:35] {nemo} yep
[11:35] {+cc_9} nemo, the lead actor is Justified pretty good
[11:35] {jdetente} Deadwood guy
[11:35] {nemo} yeah, Timothy Olyphant
[11:35] {jdetente} another good show
[11:35] {RonS} Hell On Wheeels
[11:36] {RonS} wheels
[11:36] {dino} deadwood,that was good show
[11:36] {nemo} I loved Ian McShane in Deadwood
[11:36] {Les} yeh got
[11:36] {jdetente} he was the best
[11:36] {+cc_9} The Killing is great if you're into detective/suspense stuff
[11:36] {Les} the 1st season of deadwood
[11:36] {RonS} curseo'meter whaen through roof after every episode
[11:36] {Les} haven't got past 2 episode. bit much for the kids
[11:36] {nemo} yeah, Deadwood is rough
[11:37] {jdetente} yeah that's not a kid's show at all
[11:37] {Les} this room not only good for trading but
[11:37] {Les} tv reviews
[11:37] {nemo} gotta' watch that on your own with headphones
[11:37] {RonS} lol...dialogue between Swearingen and the Chinaman...
[11:38] {nemo} Swingen!
[11:39] {jdetente} hehe
01[11:39] {&Threei}  1:1
[11:39] {Les} what's customs doing during the shutdown. airports open?
[11:39] {Les} nice one bad
[11:39] {Les} er...vad
01[11:39] {&Threei}  either will do
01[11:39] {&Threei}  lol
[11:39] {jdetente} Bad Vad
[11:39] {Les} mad
[11:39] {jdetente} 80s super villian
01[11:40] {&Threei}  lol
01[11:40] {&Threei}  1:2
01[11:40] {&Threei}  speaking of shows and villains... tried dexter
01[11:40] {&Threei}  barely managed one season and dropped
[11:41] {+cc_9} dexter is for children
[11:41] {+cc_9} writing is very pg-13ish
[11:41] {nemo} mmmmmhhhh....
[11:41] {+cc_9} waaa serial killer, waaa also cop...yawn
[11:42] {nemo} to advanced for Les
01[11:42] {&Threei}  clumsy, no realism whatsoever
[11:42] {Les} sounds like Nemo's se... ah life
[11:42] {+cc_9} Vad, you should get into Boardwalk Empire, that show is a solid 9/10
[11:42] {nemo} nobody ever deals with the complexities of getting rid of a body
01[11:42] {&Threei}  if only that nemo... there is a hole on the hole, covered by another hole
[11:43] {+cc_9} nemo : cement + barrel + boat
[11:43] {+cc_9} also, krokodil
[11:43] {nemo} logistics...
01[11:43] {&Threei}  you assume water being nearby
01[11:43] {&Threei}  what are continetal guys to do
[11:43] {+cc_9} yes, i assume it is
[11:44] {+cc_9} desert
[11:44] {+cc_9} shovel
01[11:44] {&Threei}  mountains?
[11:44] {+cc_9} mountains = dont kill people
[11:44] {nemo} desert is a problem, because of mummification effect of dessicated environment
[11:44] {+cc_9} OR eat the remains
[11:44] {+cc_9} but thats not for anyone
01[11:44] {&Threei}  rofl
[11:44] {nemo} go see the Chinaman
[11:44] {Les} happy to be back in the lunatic asylum
[11:44] {Les} pig farm yeh
[11:45] {+cc_9} nemo, that is why u dont bury the entire body in the same hole
01[11:45] {&Threei}  just wanted to ask Les... didn't you miss this
[11:45] {+cc_9} Les, stop watching movies
[11:45] {nemo} finnies to weekly pivot, almost to 50 day
[11:45] {+cc_9} nemo the versatile guy : from mummification to pivots
01[11:45] {&Threei}  chaeron's first words after 30 min in the room were, Jeez, how I missed it
[11:45] {Les} frick yeh, security people take themselves too seriously
[11:45] {Les} rather be here
[11:45] {nemo} cc, you have to limit areas, you risk dna evidence contamination dragging things around
[11:45] {nemo} dna evidence is habeus corpus
[11:45] {Les} http://www.youtube.com/watch?v=kBvCPTK1MmY
[11:47] {+cc_9} brb fbi
[11:47] {RonS} at door?
[11:51] {nemo} I know this guy he got this one just outside of Boston:  http://bit.ly/15GQ1pj
[11:52] {nemo} bastids, hang out near the houses in suburbia
01[11:52] {&Threei}  - In a rare twist of irony, the Italian government is looking more functional than the US government this morning, as PdL members more and more lean toward supporting the Letta government while here in the United States simple cooperation for the public good seem to be impossible
[11:52] {nemo} usually got nothing to worry about
[11:53] {nemo} inflection points on iwm spy and finnies right here
[11:53] {Alexs} what is "simple cooperation for the public good"?
[11:54] {nemo} what, on that website?
[11:55] {nemo} markets seem to be doing fine without the government
[11:55] {RonS} ben not government?
[11:55] {nemo} actually the "Fed" is a private corporation
01[11:56] {&Threei}  ese, remember my story about waiting lines to purchase the car on USSR?
[11:56] {RonS} if it was private it would be bankrupt...
[11:56] {RonS} of course you are correct legally i guess...
01[11:57] {&Threei}  it's a private corporation granted the immunity from economic laws by the givernment, by means of allowing it to create money out of thin air
01[11:57] {&Threei}  so it's a worst of both worlds:
01[11:58] {&Threei}  do whatever you want under the disguise of public good, while distributing the goods as private corporation
[12:09] {Les} make yer 1:3 on CAT vad?
01[12:10] {&Threei}  it touched it, yes
[12:10] {Les} k. back for close a+
[12:11] {nemo} dltr
[12:13] {+cc_9} ok back
[12:17] {RonS} shld squeezin...
[12:26] {RonS} President Obama's statement from the White House delayed; now expected around 12:45 p.m. ET
[12:33] {jdetente} can we just delay him indefinitely
[12:34] {jdetente} send him to the golf course
[12:34] {dino} indeed
[12:38] {jdetente} golf a good walk spoiled
01[12:38] {&Threei} Short Setup: GDX  .30 break
01[12:43] {&Threei}  If holds  .35
01[12:46] {&Threei}  GLD is bottomless
[12:47] {Alexs} what about GDX?
01[12:47] {&Threei}  ?
[12:47] {Alexs} bottomless?
[12:49] {jdetente} bottomless...hmmm
[12:49] {Alexs} 23.90?
[12:49] {jdetente} invalidated now Alex
[12:49] {Alexs} yes I see
[12:52] {_sara} JCP db
01[12:53] {&Threei} Long Setup:  GLD  .05 break
01[12:53] {&Threei}  If holds  .95
01[12:55] {&Threei}  target 1:4
[12:55] {Alexs} topless?
[12:55] {fish_49} hahah
[12:55] {fish_49} ur too fast Alex
[12:55] {drewj} est kind
[12:55] {fish_49} I was typing that
[12:55] {drewj} best
01[12:56] {&Threei}  yes, unless the bottom falls out
[12:56] {Alexs} lol
[12:56] {jdetente} must resist making joke
01[12:56] {&Threei}  please do
[12:56] {nemo} why
[12:56] {drewj} no you need to make it
[12:57] {nemo} I missed the context
[12:57] {jdetente} I have nothing to say
[12:57] {jdetente} concentrating on topless GLD trade
[12:58] {drewj} that's better jd
[13:00] {nemo} sara still here?
[13:00] {nemo} oh yeah, nevermind
01[13:00] {&Threei}  guess who's on TV
[13:00] {nemo} Jonas Salk
01[13:00] {&Threei}  pointing fingers
[13:01] {nemo} Kruschev
[13:01] {jdetente} so tiring to hear his bs
01[13:01] {&Threei}  "one faction of one party"
[13:01] {+cc_9} Obama speaking
[13:01] {+cc_9} http://www.bloomberg.com/tv/
[13:01] {jdetente} and the sheeple will fall for it again and again
[13:01] {+cc_9} "The Debt Ceiling could have been my son"
01[13:01] {&Threei}  that's what sheeple do
[13:02] {nemo} good one CC
[13:02] {jdetente} This republican shutdown
[13:02] {jdetente} that's a good quote
01[13:02] {&Threei}  "The GOP acted stupidly"
01[13:02] {&Threei}  1:1
[13:02] {fish_49} George Bush is at fault
[13:03] {fish_49} 1/4 out
[13:04] {jdetente} The Campaigner in Chief
[13:04] {jdetente} he's brilliant at rhetoric
01[13:04] {&Threei}  the best at getting himself elected
01[13:05] {&Threei}  and golfing his way through the rest
[13:05] {dino} tctr
[13:05] {dino} txtr
[13:05] {nemo} All their lives they call themselves "men of Tao," and
[13:05] {nemo} all their lives they remain hypocrites. They know how
[13:05] {nemo} to give a good speech and tell appropriate anecdotes in
[13:05] {nemo} order to attract the crowd, but from the very beginning to
[13:05] {nemo} the very end, they do not know what it is all about. They
[13:05] {nemo} put on the proper garb and dress in the proper colors and
[13:05] {nemo} put on a decorous appearance in order to make themselves
[13:05] {nemo} popular, but refuse to admit that they are hypocrites.
[13:06] {nemo} They mingle with the crowd, and declare themselves in
[13:06] {nemo} agreement with what the public likes and dislikes, at the
[13:06] {nemo} same time claiming that they are better than the common
[13:06] {nemo} men. Such is the height of their folly!
01[13:06] {&Threei}  1:2
01[13:06] {&Threei}  step by step... inch by inch...
[13:06] {nemo} slowly I turn
[13:07] {nemo} finnies look like setting up for a breakout
[13:08] {jdetente} that was beautiful nemo *wipes tear from eye*
[13:09] {nemo} I'm channeling the Sages
06[13:09] * &Threei passesjd a tissue
[13:09] {nemo} hey detente type your nick then "/" then your comment
[13:10] {nemo} sorrry
06[13:10] * &Threei passes nemo flowers from jd
[13:10] {nemo} type "/me wipes tear from eye"
06[13:10] * nemo wipes tear from eye
06[13:11] * jdetente grabs shotgun
06[13:11] * jdetente locks and loads
[13:11] {nemo} there ya' go
06[13:11] * nemo grabs .416 Cheytec
06[13:11] * jdetente runs to the hills
06[13:11] * nemo lines up detente at 1800 meters
[13:12] {jdetente} this is not good
01[13:12] {&Threei}  out GLD balance on a trail
[13:12] {nemo} oops, mixed them up .416 Barret  .408 Cheytec
[13:12] {jdetente} nice one Vad
01[13:12] {&Threei}  ok... not what I really aimed for but not bad
01[13:12] {&Threei}  and takes the sting off
[13:12] {drewj} ty
01[13:13] {&Threei}  stink too
01[13:13] {&Threei}  yw
01[13:13] {&Threei}  one more decent trade and we are back in black
[13:14] {drewj} acdc...
[13:15] {jdetente} back in black I hit the sack...
[13:15] {drewj} http://www.youtube.com/watch?v=pAgnJDJN4VA
[13:15] {drewj} to help you along vad
01[13:16] {&Threei}  appreciate that
[13:16] {drewj} sure
[13:17] {jdetente} I was expecting this one from you drew...
[13:17] {jdetente} http://www.youtube.com/watch?v=dm7jEA3frY4
01[13:17] {&Threei}  lordy... he is still talking
01[13:17] {&Threei}  and just said "I will speak of this in the next days"
[13:17] {drewj} that one's a classic jd
[13:18] {nemo} spy and iwm gonna go again..finnies now above their 50 day
[13:18] {jdetente} I think ese's band does a cover version
[13:19] {fish_49} out in full thanks Vad
[13:19] {drewj} jd i assumed you'd be looking at this one...http://www.youtube.com/watch?v=lm80WVZ_RXw
[13:19] {robbers} Out, thanks.
[13:20] {jdetente} lol
01[13:21] {&Threei}  1:3
[13:21] {fish_49} we are out Vad thanks
01[13:21] {&Threei}  son of as gun
01[13:21] {&Threei}  yw
[13:31] {+cc_9} BREAKING NEWS "Zoo Panda Cam turned off due to Shut Down "...thanks Obama
[13:32] {fish_49} if you were camping in a national park, would they actually throw you out?
[13:33] {jdetente} https://twitter.com/WhiteHouse/status/383001224334671875
[13:35] {jdetente} that's an actual white house tweet...embarrassing
01[13:35] {&Threei}  you are kidding
01[13:35] {&Threei}  I thought it was a parody
[13:38] {fish_49} I received a long two page letter signed by Obama today, explaining why he was putting me on furlough
[13:39] {fish_49} he must have forgot that I retired
01[13:41] {&Threei}  just demand to be paid when shutdown is over
01[13:42] {&Threei}  the way they run things, you just might
[13:43] {fish_49} the last time it happened we received back pay
[13:43] {fish_49} even those that were not working
[13:44] {fish_49} this is the part that makes me laugh as if he had no control as the leader of our nation
[13:45] {fish_49} This shutdown was completely preventable. It should not have happened. And the House of Representatives can end it as soon as it follows the Senate's lead, and funds your work in the United States Government without trying to attach highly controversial and partisan measures in the process.
[13:52] {dino} sfy s .17
[13:57] {fish_49} cc you around?
[14:04] {dino} eqix drop
[14:05] {fish_49} who wrote the October-November 2013 Outlook?
01[14:07] {&Threei}  TradeTheNews
[14:08] {fish_49} good information
01[14:08] {&Threei}  I merely provide the service to you :)
[14:08] {dino} five spike
[14:09] {+cc_9} fish, good ?
[14:10] {dino} saic drop
[14:10] {fish_49} yep  thanks
[14:11] {Alexs} fb short .20?
[14:11] {dino} mgi drp
01[14:12] {&Threei}  or .30 long...
01[14:12] {&Threei}  not sure really
[14:13] {dino} saic hl l .88
[14:16] {dino} cov sfy .08, +.09
[14:21] {RonS} let the real games begin:  Air Force says travel for intercollegiate athletics cancelled due to shutdown, including football game at Navy on Saturday
[14:22] {nemo} but Congress gets paid
[14:22] {Alexs} fb worked nicely but without me
[14:22] {fish_49} chicken
[14:22] {fish_49} lol
[14:22] {nemo} spy finnie bounce point
[14:23] {nemo} iwm spy and fas all in proximity of vwp
[14:23] {nemo} vwap
[14:30] {dino} out saic .18, +.30
[14:31] {_sara} time to go, good night & trades
[14:31] {_sara} bye
[14:31] {dino} gn sara
[14:36] {dino} awe bummer saic
[14:37] {nemo} did cree have earnings?
[14:37] {dino} no, upgrade
[14:38] {nemo} somebody needed to get out
[14:38] {dino} yeah somebody had fast approaching oct calls
[14:40] {+cc_9} GDX looking better here
[14:42] {nemo} lotta rebate trading on that today]
01[14:47] {&Threei} Short Setup: TNA  .85 break
01[14:47] {&Threei}  If holds  .95
[14:51] {Alexs} valid?
01[14:52] {&Threei}  still yes
01[14:54] {&Threei}  no more :)
[14:59] {RonS} sina parabolic
01[15:03] {&Threei} Long Setup:  GLD  .45 break
01[15:04] {&Threei}  If holds  .40
01[15:07] {&Threei}  1:1
01[15:07] {&Threei}  whew! breaking into black
[15:07] {drewj} good work vad
01[15:08] {&Threei}  ty
01[15:08] {&Threei}  remain calm and trade :)
[15:08] {drewj} right
01[15:09] {&Threei}  to celebrate that, let me treat you to this spectale:
01[15:09] {&Threei}  https://www.facebook.com/photo.php?fbid=537962722949914&set=a.488848774527976.1073741828.483178015095052&type=1&theater
[15:09] {drewj} something topless?
01[15:09] {&Threei}  you wish
[15:09] {fish_49} I made 1;1 and got out using the DAS trader Pro
[15:09] {drewj} yes i do
[15:09] {fish_49} can't see a thing  font  so small
[15:09] {fish_49} lol
01[15:09] {&Threei}  and foolow-up: https://www.facebook.com/photo.php?fbid=537992006280319&set=a.488848774527976.1073741828.483178015095052&type=1&theater
[15:10] {fish_49} Vad is there gold at the bottom of that rainbow?
[15:10] {drewj} good question...
[15:10] {drewj} nice picks vad
[15:11] {fish_49} CC when u get time  See PM
01[15:11] {&Threei}  if so, one would have to swim for it and ocean in our neck of the woods is anything but warm
[15:11] {fish_49} I can swim
[15:11] {fish_49} I promise to share with Alex
01[15:14] {&Threei}  I have just the shot for you, fish:
01[15:14] {&Threei}  https://www.facebook.com/photo.php?fbid=525320504214136&set=pb.483178015095052.-2207520000.1380654711.&type=3&theater
[15:14] {fish_49} Low Tide  wow  great pic
01[15:15] {&Threei}  see the pot of gold at the end of that rainbow? :)
[15:15] {robbers} Out half.
[15:15] {fish_49} It's a large chunk we can all retire  with that rock
[15:17] {dino} wgp drop
[15:18] {dino} gj robbers
[15:20] {robbers} thanks dino, means a lot from you.
[15:22] {dino} :)
[15:30] {nemo} 3:30 rally?
01[15:31] {&Threei}  1:2
01[15:31] {&Threei}  life is getting good again
[15:31] {Les} BD in SPY DB 3:20
01[15:32] {&Threei}  and I just got a call from my camera store... my new one will be shipped today or torrow
[15:32] {robbers} Out on the spike to 70.  Thanks much.
01[15:32] {&Threei}  :)
[15:32] {fish_49} Realized P/L $260  Unrealized P/L $310
01[15:32] {&Threei}  can't wait to get my paws on it
[15:32] {fish_49} what model  Vad?
01[15:33] {&Threei}  Olympus OMD E-M1
[15:33] {fish_49} all of your lens will fit the new camera?
01[15:33] {&Threei}  yes
[15:33] {robbers} Will look forward to those expensive photos, Vad.
01[15:33] {&Threei}  :)
[15:34] {robbers} Funny, I still have an Olympus OM-1, great camera but takes film, LOL.
01[15:34] {&Threei}  well, what do you know
01[15:34] {&Threei}  this line of OMD is styled after OMs
01[15:34] {&Threei}  it's actually abbreaviation of OM Digital
[15:35] {fish_49} around $1400?
[15:36] {nemo} looks like mutual funds gonna get the high tick
01[15:37] {&Threei}  yes fish
[15:40] {dino} ok, calling it a day, about 30% over target. not giving it back. gn and thx all
[15:41] {robbers} I shot pictures for my college newspaper, The Florida Alligator, and used the Olympus.  All the other guys shot with the Nikon F5.  They called me a pansy for using the Olympus.
01[15:41] {&Threei}  great job dino
[15:41] {robbers} cya dino.
[15:41] {Les} cheers dino
[15:41] {+cc_9} fish, check message
[15:42] {Les} a domani a+
[15:42] {dino} thx
01[15:43] {&Threei}  pansy, eh... my E-5 doubles as a street fight weapon and a hammer in case you have a nail to hit
01[15:43] {&Threei}  built like tank
01[15:44] {&Threei}  magnesium alloy body, weatherproof to a degree of risnign it under the shower
[15:45] {robbers} The Nikon was the size and weight of a wrecking ball, the Olympus much lighter and more agile while same lens quality.
[15:45] {drewj} good come back vad...
01[15:45] {&Threei}  that was OM claim to fame
[15:45] {drewj} have a good evening all
01[15:45] {&Threei}  take care drew, good job keeping calm
01[15:45] {&Threei}  gettign a handle on this thing eh?
[15:46] {drewj} yea I wasn't really upset this morning...
[15:46] {drewj} just dissapointed
01[15:46] {&Threei}  that will pass too
[15:46] {drewj} ok
01[15:46] {&Threei}  sometime losses go in clusters
[15:46] {robbers} Those guys just thought the Nikon was manly, really it was just stupid.  Unless you use it for self-defense, as you suggested Vad.
01[15:46] {&Threei}  known as clusterf*&ks
[15:46] {drewj} i'm looking forward to making more money
[15:46] {drewj} lol
[15:47] {drewj} thanks...
[15:47] {drewj} see you tomorrow
01[15:47] {&Threei}  take care
01[15:47] {&Threei}  same thing happens now with full fram warriors robbers
[15:47] {robbers} How do you mean?
01[15:48] {&Threei}  they are all manly and superior
01[15:48] {&Threei}  in their own mind
01[15:48] {&Threei}  all good until their backs give up under those 5 kg kits
[15:48] {robbers} LOL
[15:49] {jdetente} alright Vad. Ending day strong. Thanks for the fish. See ya tomorrow
01[15:49] {&Threei}  all for hypothetical 3% image quality advantage in some situations, vs cropped sensors
[15:49] {nemo} 5kg "kits"  boy, must need a strong bra
01[15:49] {&Threei}  lol
01[15:49] {&Threei}  Ok guiys, thank yiou all
[15:49] {nemo} on that note...
01[15:49] {&Threei}  quite happy with comeback
01[15:49] {&Threei}  have a great evening
01[15:49] {&Threei}  see you tomorrow
[15:54] {fish_49} take care all
[15:54] {robbers} Later.

October-November 2013 Outlook: The World Series

TradeTheNews.com October-November 2013 Outlook: The World Series

With the World Series just around the corner, the baseball playoffs provides an apt metaphor for the global outlook: after a grueling summer of hard fought battles, the real game is just beginning. In the past few months, global markets have been characterized by broad swings, particularly in currencies and government bonds, as markets anticipate tighter US monetary policy. Though the Fed declined to cut back its bond buying program at its September meeting, tapering is in the on deck circle.

Despite nervousness about the impending withdrawal of quantitative easing, there are certainly some bright spots, most visibly in the US stock market. For the second straight year the S&P500 has not retested its January opening level, and barring an outright crash will not do so for the rest of the year, a hitting streak that has only occurred once before, in 1975-1976 (ending with a down day on the first trading day of 1977). The extraordinary longevity of this stock market rally has been supported by monetary policy and nurtured by measured by improved corporate results.

Still the curtailment of QE3 portends the eventual lifting of extraordinary measures by central banks across the globe, shifting focus to fiscal policy authorities who have a lot of catching up to do. After years of central banks propping up the global economy, fiscal policy makers must finally take their turn at the plate. The re-election of German Chancellor Merkel should help move along European efforts to pull together for more Europe, while in the US Congress is taking another stab at a budget deal even as the Fed contemplates its first pull back from extraordinary measures. Meanwhile, Japanese Prime Minister Abe is on the threshold of announcing details of the third arrow of his economic turnaround policy. The direction of the next leg of the world market will be largely dependent on how these policies are crafted and received.

No Joy in Mudville

Looking an awful lot like Casey at the Bat, Washington is about to take its third swing at a budget deal after rebuffing two chances for a grand bargain (resulting in the 2011 sovereign downgrade and the Sequester). The dysfunction on Capitol Hill has reached such a level that it feels as if Congress has turned brinkmanship into the new national pastime. Following what has become standard operating procedure, Congress has squandered the entire summer, again waiting to the last minute to address the budget authorization measure. This time round House Republicans are attempting to use the publics unease with Obamacare and the threat of a government shutdown to gain leverage over the budget process.

In the event of a government shutdown, the Treasury will maintain normal borrowing and debt operations, but the Commerce and Labor Departments have said they will not collect or release data, including the key monthly employment figures due out on October 4. A dearth of hard economic data could spook markets, particularly when the Feds pending decision on tapering is so data dependent. In the end, legislators will likely follow their established pattern, taking the issue to the eleventh hour or beyond, perhaps forcing a brief government shutdown, but ultimately agreeing to some form of stopgap spending bill to keep the government open for a few more months.

But in D.C.s fiscal double header, the stopgap spending bill is only a warm-up to the rubber match, namely the debt ceiling debate. US Treasury Secretary Lew recently stated that his departments extraordinary measures to extend the debt limit will be exhaust by October 17 leaving it with no ability to borrow, and the CBO has estimated that the Treasury will have to begin prioritizing payments or actually default sometime between October 22 and October 31. This gives Congress only a couple weeks to go from loggerheads to an agreement.

Ratings agencies Moodys and Fitch will be watching the proceedings in D.C. as closely as anyone. Their peers at S&P downgraded the US sovereign rating from AAA to AA+ in August 2011 after the original debt ceiling showdown took the reputation of Congress to an all-time low. At the time, S&P made it clear that the downgrade was based largely on the political dysfunction in Washington. The counterintuitive move in the treasury market after the S&P downgrade, with investors plowing even more money into the relative safety of US government debt, may have added to the complacency over the debt ceiling issue among politicians who now might be convinced another downgrade will have no ill effect. They may be right, or a second ratings cut could trigger the disaster that some predicted after the S&P downgrade. No one knows for sure.

In July, Moodys resolved a ratings review by raising its outlook on the US sovereign back to stable from negative, citing an improved debt trajectory (thanks to the blind cuts imposed by the sequester), and indicated it did not see the need for further review in the near term. Fitch, however, warned several times this year that, while it does not anticipate a repeat of the debt ceiling crisis of August 2011, a failure to raise the debt ceiling in a timely fashion would prompt a review and likely downgrade of the nations AAA rating.

This fiscal battle will continue to repeat on instant replay until Congress and the President find the determination to come to a grand bargain for a long term budget. The ultimate shape of such a deal will have to be crafted to satisfy the constituencies of both sides that they did not violate their core values. This might involve restoring military funding lost to the sequester by finding some $200B in additional savings from long standing programs like farm subsidies, while largely preserving Medicare and Social Security entitlements that are sacrosanct to Democrats, and raising select taxes on special government services but labeling them as service fees so Republicans can save face. Until such a deal is struck, the kick-the-can pattern in Washington could continue indefinitely.

Mrs. October

While US fiscal policy has been in a shambles, Fed monetary policy has kept a steadying hand on markets. Thus the surprise decision to hold off on tapering bond purchases in September may have further chipped away at the Feds credibility, as the central banks transparency joined its shaky economic projections on the disabled list. Several FOMC members have described the decision not to taper at the September policy meeting as a close call, and in the next breath say that tepid data could justify delaying the process to December or even into early 2014. At the September press conference, Bernanke may have confused things more by insisting that the Fed never said it would taper at that meeting, but also suggesting they could start curtailing QE as soon as the economic data justified it, going so far as to say he could arrange an impromptu press teleconference in October if needed. After muddling its message, the Fed needs to redouble its efforts to clarify its communications.

This effort is especially tricky because no matter how the policy is communicated, markets are naturally forward-looking and will inevitably perceive tapering as a step toward the larger exit strategy. The Fed has done its best to break this link, often reiterating that the end of QE3 is on an entirely separate track than interest rate policy, and more recently downplaying the unofficial 7% unemployment milepost for ending QE that created confusion by echoing the formal 6.5% unemployment threshold for considering tighter rates. The 6.5% threshold has also been softened too in order to convince markets it is not a trigger for a rate hike, the Fed doves are now suggesting that they could wait until well after joblessness moves past that point before tightening.

One uncertainty that will be lifted in October is the question of who will lead the Fed for the next four years. Most Fed watchers think Bernanke has pitched a good game, but it will be up to his reliever to close out the extraordinary stimulus program. In the face of what may have been an embarrassing Senate panel rejection, President Obamas first choice, Larry Summers, stepped aside, leaving Fed Vice Chairman Janet Yellen as the overwhelming favorite to replace Bernanke. In addition to her impeccable economic credentials, as an architect of the Feds strategy to buy assets and keep interest rates low until unemployment retreats below 6.5%, Yellen would clearly create the most seamless and consistent policy transition from the Bernanke era. In the current political climate, her confirmation may face some opposition from Republicans who think Bernanke is too dovish and consider Yellen, a Democrat, as even worse. But she has already developed significant Democratic support in the Senate which should ensure her confirmation. In reviewing his choices, President Obama is not likely to signal for a righty from the bullpen, but the leading alternative candidate now appears to be former Fed Vice-Chairman Donald Kohn, who is highly respected among international central bankers and is seen as apolitical, which may be more palatable to Republicans.

Trouble with the Curve

Emerging markets have been disproportionately hit by the Feds tapering pitch: ever since Bernanke started talking about pulling back QE, emerging economies have taken it the hardest. For example, the Indian rupee and Brazilian real each depreciated by more than 20 percent between May and August, and in that same timeframe the main stock indices in both countries have experienced dizzying gyrations. Commenting on the emerging markets vulnerability to Fed tapering, the IMF recently concluded that tighter US monetary policy could dampen growth in the emerging markets which could in turn engender a global slowdown and compel interventions to prevent excessive volatility.

Even the star player of the emerging markets, China, had a problematic summer. Its economy has been in a bit of a lull, posting lackluster PMI and manufacturing readings for most of the year, causing some analysts to question its 7.5% GDP target. But headed into the National Day golden week holiday in the first week of October, there have been a few signs that these measures are turning upward again. The September HSBC flash manufacturing PMI reading chalked up its second consecutive month of expansion and a six-month high, while the official manufacturing survey has been in a phase of modest expansion for 12 straight months. The Q3 GDP report due in mid-October will tell the tale of whether this recent upturn in economic data amounted to an improving growth trend. Even if it has, Chinas growth will still be challenged headed into 2014 as the government works on reforms aimed at correcting structural problems of overcapacity in some key industries, which will be a long-term benefit but short-term drag on the economy.

Middle East Crisis Goes Into Extra Innings

The batting average for Middle East crisis resolution is very low, but some seemingly positive developments in the most intractable problems of the region have tamped down tensions, at least for the moment. A new round of Israeli/Palestinian peace talks have begun, a tentative UN plan to control and destroy Syrias chemical weapons has averted a US military intervention, protests continue in Egypt but the level of violence has subsided, and Irans new President is suddenly spouting conciliatory words on the nuclear issue.

Irans charm offensive at the UN gathering in late September led many officials to believe that the new Iranian President Rohani may indeed be moderating his governments stance as he seeks to end debilitating sanctions. Rohani promises to present a new nuclear plan at a mid-October meeting with the major powers (P5+1) in Geneva in an effort to achieve quick and tangible results. Much attention will be given to these meetings to see whether Rohani is truly taking Iran in a new direction, or if hes merely presenting the same old delaying tactics with a new face.

Developments in all of these theaters of the Middle East will continue to impact the energy market. For example, as Egypts interim leadership promises the transitional phase of government should end by next spring, any fresh outbreak of violence could renew fears about Suez Canal traffic. Another spot in the region to watch is Libya, which has protests of its own that have disrupted oil production and shipping facilities for months. The fledgling government and state oil company have been unable to prevent political activists and militia groups from disrupting the flow of its coveted oil and the lost revenue (over $100M a day since July) may soon cause budgetary problems that could aggravate the situation.

As unpredictable as Middle East politics, Mother Nature is another wildcard for the energy market. The 2013 hurricane season was forecast to be very active, but so far it has spared Gulf of Mexico oil and gas operations, with its biggest impact being a series of storms in Mexico that caused severe mudslides which could shave a tenth of a percent off of that nations GDP. There are still two months before the Atlantic hurricane season ends (November 30), and with eight years gone by since Katrina, the Gulf may be due for a disruptive storm.

Breaking Europes Slump

In recent months Europe is most notable for how quiet it has become. After two years of going from crisis to crisis, things have finally stabilized in the last year. Euro Zone unemployment appears to have leveled off at just above 12% and most of the continent has returned to modest GDP growth after a shallow double dip recession. Spains banking troubles have diminished, Greece is digging out of its hole a little faster than planned, Cyprus is out of the headlines, and Ireland is working toward fully returning itself to the debt markets for funding.

This period of relative calm has allowed the ECB to quietly withdraw from headline-grabbing discussions of untested policy options like negative deposit rates. Instead the central bank has been able to turn to inside baseball consultations on aspects surrounding European banking system reform. Officials are delving into increasingly technical discussions of the single supervisory mechanism (SSM) for banks that is set to go into effect for the largest institutions next year, and the related asset quality review that is currently being conducted at those banks. There is also some low-key talk that the ECB may consider launching another Long Term Refinancing Operation (LTRO) to ensure banks liquidity.

Unfortunately, Europes political scene is less placid. After inconclusive Italian elections in February, the sparring parties agreed to support centrist Enrico Letta as Prime Minister, allowing government business to resume. But a legal and political battle over former PM Berlusconis seat in the Senate may unravel this delicate coalition. Several times, members of Berlusconis center-right PDL party have threatened withdraw support for the government unless the former PM is pardoned from his legal troubles and his Senate seat is preserved. The most recent squawking from the PDL has PM Letta fed up, and he is now demanding a confidence vote, saying we either renew support and put Italys interests first, or we can end this government experience. If the PDL decides it doesnt want to play ball with a non-partisan like Letta, it is unclear who would be able to lead a new government in Italy, potentially sending the Euro Zone back into crisis mode.

The political process has gone more smoothly in Germany, where Chancellor Angela Merkel was just re-elected to a third four-year term. Her party had its best showing since 1990, but its former coalition partner, the FDP, failed to reach the 5% threshold needed to be seated in the Bundestag. Thus Merkel will have to form a coalition government with the main opposition SPD party or with the Greens. The most likely outcome appears to be a grand coalition with the center-left SPD, which is eyeing the finance or labor ministry portfolio as a down payment for its cooperation. To entice the SPD, Merkel allies have already suggested some concessions on taxes and minimum wages, which should smooth the process of establishing a coalition by mid-November when the SPD party convention would vote on approving a unity deal.

A Rare Triple Play

Japans days of political turnover appear to be at an end, as Prime Minister Abe has solidified his hold on the government and pushed ahead with his eponymous economic program aimed at snapping the nations economic growth back into the Big Leagues. The three arrows of Abenomics are massive monetary stimulus to beat deflation with the side effect of a weaker yen, a deficit-financed supplemental budget filled with new public works spending, and a reform program to boost growth and competitiveness by stimulating private investment (upon winning the bid for the 2020 Summer Olympics, Abe called the Tokyo Games the unofficial fourth arrow, acting as a natural bookend to judge Japans progress seven years hence).

At the outset of Abes shock and awe plan many observers, including the IMFs chief economist, called the policy risky given the frontloading of monetary stimulus, and some volatile moments in the Japanese markets seemed to bear out this assessment. But this volatility has eased the Nikkei index has found a range between 13,000 and 15,000 and the yen has settled near parity and it appears some progress is being made toward the goals of Abenomics. Many economists questioned whether the target of reaching 2% inflation within two years was realistic, but progress is being made. CPI data has risen for three straight months and national core CPI hit 0.8% in August, the highest rate since the start of the 2008 global financial crisis.

The biggest fear for Japan, with its enormous debt market, would be another sudden uncontrolled jump in interest rates like the one seen in May, when the key 10-year rate nearly doubled in a matter of days. If rate rises are not more gradual and supported by a commensurate rise in economic activity it could turn the three arrows into three strikes, shattering Japans faith in Abenomics.

This is what makes the implementation of Japans impending consumption tax increase such a delicate matter. On October 1, Abe is expected to formally approve a two-stage sales tax increase starting early next year. Reports indicate that Abe will try to offset the impact on consumers by offering a stimulus package and corporate tax cuts that will be structured to motivate employers to pass the benefits on to employees who will then spend it into the economy. This will be the first big test of Abenomics for investors who are concerned that the program has relied too heavily on financial engineering and wont gain traction unless there is follow through on structural reforms. Some skeptics are already predicting that the BOJ will be forced to add more quantitative easing as early as Q4 to keep the plan in motion.

The Closer

If policy makers can clear up some uncertainties, markets could see a real Fall Classic, but if they start chalking up more errors, the next few months could get ugly. This summer the odds of another Euro Zone meltdown or an economy-damaging US budget stalemate looked low, but simmering disputes have erupted again into new potential crises.

If Italys political feuds erupt into full blown turmoil, it could undo a years worth of recovery in Europe. The real risk would be another sovereign downgrade which could cause funding costs to soar. Japan also carries the risk of bond markets coming unhinged if the third phase of Abenomics turns out to be a bloop single instead of a home run.

In the US, a robust stock market headed into another round of solid quarterly earnings reports could lead Congress to underestimate the impact of another scrap over the debt ceiling. The anticipated kinks in the start-up of state health insurance exchanges mandated by Obamacare to begin on October 1 could also lend Republicans some ammunition to continue their fight. But a rookie Fed Chairman on the mound will not be able to pitch the economy out of a jam if Congress toys with default.

Very low inflation gives the Fed leeway to continue QE indefinitely, but the perception that the FOMC misled markets about a September taper may increase the pressure to communicate more precisely about the schedule for tapering. It also may be that the FOMC held off entirely because of the uncertainty around the budget battle in Washington and could move ahead with the taper once that sticky situation is resolved.

Though the Fed, and now other central banks, are promising rates will stay ultra-low for a long time, at some point markets will again focus on tapering which could cause some fresh volatility as weak hands are forced out. Turning off the QE tap will only be the first step in a long process of central banks unwinding five years of extraordinary stimulus, and how the market contends with it will shed some light on how the global economy will fare in the post-steroid era.


CALENDAR

OCTOBER
1: EU Unemployment readings; UK manufacturing PMI; US ISM manufacturing PMI; China National Day Golden Week (through Oct 7); Obamacare state health exchanges begin operation
2: ECB policy statement; Italy confidence vote on PM Letta (tentative); China non-manufacturing PMI
3: UK services PMI; EU retail sales; US ISM non-manufacturing PMI; US factory orders; BOJ policy statement
4: US payrolls and unemployment (may be postponed by govt shutdown)

8: US trade balance; BOJ minutes
9: UK manufacturing; minutes of Sept FOMC meeting
10: BOE policy statement
11: US retail sales; prelim Michigan consumer sentiment
12: China trade balance (subject to change)

13: China CPI and PPI (subject to change)
14: Euro Zone industrial production
15: UK CPI; start of 2-day meeting in Geneva between Iran and P5+1
16: UK unemployment; German ZEW sentiment; US CPI
17: US housing starts and building permits; Philadelphia Fed manufacturing index; US debt ceiling reached, extraordinary measures exhausted; China Q3 GDP and industrial production (subject to change)
18: UK retail sales

21: US existing home sales; Japan trade balance
22: German Ifo business climate
23: BOE inflation letter and minutes; China HSBC flash manufacturing PMI
24: Various Euro Zone flash PMI readings; US new home sales; Japan retail sales and industrial production; Japan Core CPI
25: German retail sales; UK prelim Q3 GDP; US durable goods orders; G7 minister meetings

28: US pending home sales
29: US consumer confidence
30: US advance Q3 GDP (1st reading); FOMC policy statement
31: Euro Zone unemployment; US personal spending; Chicago PMI; China manufacturing PMI
NOVEMBER
1: UK manufacturing PMI; US payrolls and unemployment; US ISM manufacturing PMI
2: China services PMI

4: US factory orders
5: UK services PMI; US trade balance; US ISM non-manufacturing PMI: Japan prelim Q3 GDP
6: UK manufacturing; EU retail sales
7: BOE policy statement; ECB policy statement; China CPI and PPI (subject to change)
8: China trade balance and industrial production (subject to change)

12: UK CPI
13: UK unemployment; BOE inflation report
14: Euro Zone prelim Q3 GDP readings; US retail sale and PPI
15: UK retail sales; EU CPI; US CPI; prelim Michigan consumer sentiment
14-16: German SPD party convention (required to vote on an coalition government deal)

19: US housing starts and building permits
20: German ZEW sentiment; US existing home sales; FOMC minutes; Japan trade balance; BOJ policy statement
21: German Ifo business climate; Philadelphia Fed manufacturing index; China HSBC flash manufacturing PMI
22: Euro Zone flash manufacturing PMI readings; UK Q3 GDP (2nd reading)

25: US pending home sales; BOJ minutes
26: US prelim Q3 GDP (2nd reading); US consumer confidence
27: US durable goods orders; US new home sales
28: German unemployment; Japan household spending; Japan core CPI
29: German retail sales; Euro Zone unemployment; Chicago PMI
30: China manufacturing PMI; Atlantic hurricane season ends

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