Monday, November 11, 2013

Nov 11 2013

Catch of the Day, MCD reversal. Fast food is not good for you anyway. With this one, 4 wins out of 5 calls.  



Ended well, with some smaller stops and some 1:2s.


Session Start: Mon Nov 11 00:00:00 2013

[09:05] {RonS} gm...who writes this stuff?   : Thousands dead in Philippines hurt economy seen at most at risk globally from natural disasters
01[09:05] {&Threei}  morning ron
[09:05] {nemo} should be relatively dead
[09:06] {RonS} missing something here? ...thought risk ended w/ death...
[09:06] {nemo} terrestrial, then you get into spiritual risk
[09:07] {nemo} all that go to heaven and drink manna shit
[09:07] {nemo} just marketing
[09:07] {nemo} total bs
[09:10] {drewj} gm
06[09:11] * Les slaps drewj around for making false statements
[09:11] {Les} afternoon all
01[09:11] {&Threei}  drew, les :)
[09:11] {drewj} sorry les
[09:11] {drewj} sucks to be you this morning
01[09:11] {&Threei}  lol
[09:12] {nemo} sucks to be him every morning
[09:12] {drewj} i was waiting for that one...
[09:13] {nemo} aww c'mon' you threw it down the middle on purpose
[09:13] {Les} http://tinyurl.com/pwx6a6l
[09:13] {Les} sucks to be me
[09:13] {drewj} don't get me wrong nemo...I fully supported it:)
[09:13] {nemo} yeah...hate you Les
[09:14] {drewj} lol
[09:14] {drewj} jk les
[09:14] {+cc_9} Good morning guys.
01[09:15] {&Threei}  cc9 :)
[09:15] {mrcanada} Les...is that a pic of the view from your home?
[09:15] {nemo} from his cell
[09:15] {Les} nah I live at the base of that alpine range in the distance on the left side of the valley
[09:16] {Les} the alpine range on the right side of lake is france
[09:16] {Les} this is the vineyards of Lavaux, which are famous for a very visible reason
[09:17] {mrcanada} wow...what a view....amazing!
[09:17] {Will49} gm
01[09:17] {&Threei}  will :)
[09:18] {Les} took one day off to catch this and the colour was spot on... lucky
[09:19] {Les} global warming is good to switzerland
[09:19] {mrcanada} g'day Vad...
01[09:20] {&Threei}  mrcanada :)
[09:20] {mrcanada} i can see that...we have our first snow of the season here
01[09:21] {&Threei}  yikes
[09:21] {Will49} where are you mr c?
[09:21] {mrcanada} lots of planes doing fly byes going on over head this a.m. as they do their practice runs before the Remembrance days Ceremony in Ottawa
[09:22] {mrcanada} I'm in Quebec...the Gatineau Hills
[09:22] {Will49} nice area
[09:22] {mrcanada} and yourself?
[09:22] {Will49} Victoria
[09:22] {mrcanada} even nicer!
[09:22] {dino} gm
[09:24] {mrcanada} if I am getting a new computer this a.m. what do I need as far a processor and memory and video cards?
01[09:24] {&Threei}  dino :)
[09:25] {+cc_9} Will, im here.
[09:25] {+cc_9} Whats up
[09:25] {RonS} zlcs crash on trial fail...no touch here, but stocktwits hilarious....
[09:25] {Will49} hi cc
[09:26] {+cc_9} Ron, damn, that is a chart is more of a  representation of Assad's sex life than a failing biotech
[09:27] {dino} cc#9, did you get the application?
[09:27] {RonS} what? paints a goat?
[09:28] {RonS} twtr acts like it wants to run those $40 stops...
[09:29] {Alexs} gm
[09:30] {+cc_9} here we go
01[09:30] {&Threei}  alex :)
[09:30] {nemo} mos and wfm could be interesting today
[09:31] {Les} fb flirting with 47 support
[09:32] {+cc_9} GDX dumping lows
01[09:33] {&Threei} Long Setup:  GDX  .86 break
01[09:34] {&Threei}  If holds  .80 
[09:34] {nemo} now you tell us
[09:35] {+cc_9} GDX long and stronKK
01[09:35] {&Threei}  1:1
[09:35] {Les} U KKK CC?
[09:36] {+cc_9} no, just practicing my chinese
[09:36] {nemo} frickin' 'guai lo
[09:37] {+cc_9} GDX :(
[09:37] {+cc_9} no break of $24.00
[09:37] {+cc_9} SCTY breaking out
[09:38] {+cc_9} CRUS dumping
01[09:40] {&Threei} Short Setup: FCX  .10 break
01[09:40] {&Threei}  If holds  .20 
[09:41] {+cc_9} CRUS bouncing
01[09:44] {&Threei}  no go
01[09:45] {&Threei} Short Setup: GLD  .84 break
01[09:46] {&Threei}  If holds  .90 
[09:48] {nemo} interesting, we're only .40 away from all time high...low volume today should be able to run it
[09:49] {nemo} as  if on queue
[09:49] {+cc_9} GDX struggling here
[09:50] {+cc_9} CRUS, scary chart and news...long light 19.39 looking for 19.80 target
01[09:51] {&Threei} Short Setup: SLW  .05 break
01[09:51] {&Threei}  If holds  .15 
[09:51] {+cc_9} SCTY still blowing up :D
[09:51] {nemo} ddd to 
[09:51] {nemo} too
[09:52] {+cc_9} those two are ultimate cash cows on weakness
[09:52] {nemo} yeah, internet stocks
01[09:52] {&Threei}  GLD 1:1
[09:52] {+cc_9} CRUS trying } 19.50
[09:53] {+cc_9} previous wall 19.60
[09:53] {+cc_9} CRUS going here
[09:54] {+cc_9} CRUS 19.70 offer :D
01[09:54] {&Threei}  SLW has nothing but air under it below 21
[09:55] {nemo} it has 0
[09:55] {+cc_9} SCTY } $53.00
[09:55] {Les} like Nemo, but he blows a little hotter
01[09:55] {&Threei}  1:1
[09:55] {nemo} reasonable attempt...something lost in the translation
[09:55] {+cc_9} GDX session lows
[09:56] {Les} mething?
[09:57] {+cc_9} CRUS } $19.70 giddy up!
[09:58] {+cc_9} all out CRUS $19.75. +$0.36
[09:58] {Les} nice
[09:59] {+cc_9} CRUS @ tgt $19.80 
[10:00] {+cc_9} still in GDX :(
01[10:01] {&Threei}  with SLW crashing... difficult to see GDX rising its head
[10:01] {RonS} twtr gone pulp...
01[10:01] {&Threei}  1:2 SLW
[10:01] {+cc_9} NEM bouncing, which could help
[10:02] {+cc_9} GG is off lows as well
[10:02] {+cc_9} i thought GDX was a long position
01[10:03] {&Threei}  it was... hit 1:1, then tagged trailing stop for the balance
[10:04] {+cc_9} GG coming back, see if that helps
[10:08] {+cc_9} there she goes :)
[10:08] {nemo} agn yum kss tsla deck bbby yy de very strong, nothing weak
[10:09] {nemo} wow deck today
[10:12] {+cc_9} 09:50 cc_9 CRUS, scary chart and news...long light 19.39 looking for 19.80 target
[10:12] {+cc_9} check out where it hit before coming down again ;)
[10:12] {nemo} amgn slb and ua firing up long
01[10:15] {&Threei}  GLD goes for 1:3?
[10:15] {+cc_9} FSLR falling bids
[10:15] {Les} indexes setting up for JBE's or topping out. DIA hitting last week's resistance
[10:17] {+cc_9} SCTY / FSLR both falling in tandem here, eyeing for long entry bounce
[10:17] {nemo} vwap scty
[10:20] {RonS} bks into a gap 25% float short
[10:20] {+cc_9} Buttcoins are @ $372
[10:21] {Les} ?
[10:21] {Les} oh bitcoins
[10:24] {Les} new short SLW .95?
[10:24] {Alexs} did you partial 1/4 more GLD Vad?
[10:24] {Les} actually no
01[10:25] {&Threei}  not yet
[10:25] {+cc_9} SCTY coming back, FSLR lagging a bit
01[10:25] {&Threei}  ALW, no
[10:25] {+cc_9} SPY drop
[10:25] {Les} yeh ok
01[10:26] {&Threei}  GLD stop to .81
[10:26] {+cc_9} FSLR boom
[10:27] {Les} DIA consolidating in range
[10:29] {+cc_9} out FSLR +$0.37
[10:32] {nemo} joy looking short
[10:34] {nemo} wow rig
[10:34] {+cc_9} GDX volume 
[10:34] {nemo} deck bounce time me thinks
[10:35] {RonS} rig $3 sp divvy...cut board 2 seats, giving icahn 2 seats
[10:35] {Alexs} still watching CRUS cc?
[10:35] {nemo} why would shaving off beards affect the stock price?
[10:35] {nemo} oh board
[10:36] {+cc_9} Alex, yes, trying to see if holds $19.00 or 18.80 LOD. would like to see more volatility again on it
[10:36] {Will49} haha
[10:36] {nemo} wfm close to pivot showing DB
[10:36] {Les} whatchya drinking nemo?
[10:36] {nemo} not to be confused with Les
[10:36] {nemo} Douche Bag
[10:36] {RonS} dino, u alive?
[10:36] {Les} DIA getting heavy here about to DBI back to vwap
[10:37] {+cc_9} why the crap is the market not closed today
[10:37] {+cc_9} absolutely no respect for vets
[10:37] {+cc_9} market closes for santa claus but not for people who die in wars
[10:37] {nemo} as if the gov't has respect for them
[10:37] {Les} vets can't vaccinate animals without aholiday?
[10:37] {+cc_9} get a load of this guy
[10:38] {RonS} thumbs up les from me and will...
[10:38] {nemo} o.k. will give you effort on that one, but we should club you like a baby seal...having said that Les is ex-military
[10:38] {Will49} yeah
[10:38] {Les} ok DIA back to vwap
[10:38] {+cc_9} SPY losing bids here
[10:39] {nemo} btw...that Chris Kyle auto-biography was pretty good.
[10:39] {nemo} poor bastard
[10:40] {nemo} so of course, a big body 8 pointer runs across the street right in front of me yesterday morning, knowing we can't hunt on Sundays
[10:41] {nemo} wfm
[10:43] {Will49} that one of George Bush's radio stations?
[10:43] {+cc_9} GDX pancake chart
[10:43] {+cc_9} Alex, CRUS bouncing here
[10:43] {+cc_9} some volume with it too
[10:45] {Les} as ex military can thank vad and nemo for cutting through the bs and not only offering clue to market reality, but political reality too
[10:46] {Les} us grunts nothing but playthings for political expedience and its sad
[10:46] {nemo} military always has been
[10:46] {nemo} I feel bad for those poor bastards who think it's their patriotic duty
[10:46] {nemo} I respect it highly, just naive
[10:46] {Les} internal based defence and nothing else
[10:47] {+cc_9} CRUS going off that $19.00 range support
[10:47] {+cc_9} } $19.50 again
[10:47] {Les} indexes finnies turn time here
[10:47] {nemo}    And sharp weapons of the state should be left 
[10:47] {nemo}       Where none can see them. 
[10:47] {Les} if ever
[10:47] {+cc_9} IWM stronK like OX
[10:48] {nemo} like bull
[10:48] {+cc_9} GDX flat lining
[10:48] {nemo} actually IWM failry flat
[10:48] {+cc_9} OX is much more stronk than bull
[10:48] {nemo} everything fairly flat
[10:48] {nemo} Yeah, but bull nasty animal
[10:48] {Les} small dia long
[10:48] {Les} .57
[10:48] {nemo} Went to a bullfight in spain...watched the matador get launched over the wall
[10:48] {+cc_9} only if you tie its balls with rope and try to ride it yes, otherwise, he is cool guy
[10:49] {Alexs} lol
[10:49] {+cc_9} I always pray matadors get gored
[10:49] {Les} DIA 1:1
[10:49] {+cc_9} bunch of fairies with swords
[10:49] {nemo} Yeah, went to that one bullfight, that was enough.
[10:49] {nemo} yeah, basically
[10:49] {nemo} Then again I sit up their in a tree with a bow
[10:49] {+cc_9} TRY THAT WITH A CHINESE OX
[10:49] {+cc_9} OX STROOONNK
[10:50] {+cc_9} OX stronk like russian woman
[10:50] {nemo} we talking odor?
[10:50] {nemo} I hate fishy smell
[10:50] {Les} not sure what cc talking about
[10:50] {+cc_9} http://www.moneyandshit.com/wp-content/uploads/2011/05/usa_vs_russia.jpg
[10:50] {+cc_9} Hope that helps
[10:50] {Les} hehehe
[10:50] {nemo} oh boy
[10:51] {nemo} that will come in handy...show that to my jarhead friends
[10:52] {nemo} yum closed the earnings gap
[10:52] {+cc_9} GDX trying 
[10:53] {nemo} oh sheesh, 21mil spy
[10:54] {+cc_9} all out GDX, finally
[10:57] {+cc_9} CRUS full on bounce back to $19.80
[10:59] {+cc_9} CRUS breaking out, I seriously hope you guys didn't miss this.
01[10:59] {&Threei} Short Setup: MCD  .40 break
01[10:59] {&Threei}  If holds  .45 
[10:59] {+cc_9} CRUS approaching $20.00, GDX through .90s
[11:03] {+cc_9} SPY another drop
[11:04] {nemo} ddd quite a pullback
[11:04] {+cc_9} {{{{ moment of silence }}}}
[11:05] {nemo} USMC birthday too
[11:05] {nemo} wow yum strong
[11:08] {+cc_9} OXBT catching suckers in full force
01[11:11] {&Threei}  half out
01[11:11] {&Threei}  1:1 close enough
01[11:11] {&Threei}  stop to .41
[11:11] {Les} where what when didn't see nothing?
01[11:12] {&Threei}  ?
[11:12] {Les} bored :)
01[11:12] {&Threei}  4:5... why would you be bored
[11:12] {+cc_9} Alex, CRUS is a gorgeous chart if you got that bottom/top range on it
[11:13] {Alexs} missed it cc
[11:13] {Les} isn't this supposed to be boring?
[11:13] {Les} you mean I can do it otherwise?
[11:13] {Les} KIIIIIIILLLLLLLLL SHOOOOW ME THE MONEY!!!!!
01[11:14] {&Threei}  lol
[11:14] {+cc_9} Alex, that's a shame, you asked me about it before it pulled back to $19.00 lol
[11:14] {+cc_9} it rallied back $1.00
[11:19] {Will49} out...tks Vad
01[11:19] {&Threei}  yw
01[11:19] {&Threei}  1:2
[11:42] {Les} CAT flirting with a .00 level of support
01[11:42] {&Threei}  .95 you mean?
[11:43] {Will49} off to Remembrance Day family event...see you tomorrow
01[11:43] {&Threei}  take care will
[11:43] {Les} ciao will
[11:43] {Will49} peace
[11:43] {Les} yeh wondering aobut recross long of .00
[11:43] {Les} but stuff stocks are under pressure today
[11:44] {Les} and we nearly lunch time
01[11:44] {&Threei}  MCD, 1:3 is within spitting distance
[11:45] {Alexs} lol
[11:45] {Les} sentiment shared by many consumers around the world vad
01[11:45] {&Threei}  rofl
[11:50] {Les} should a been buying bottom of DIA range. strong and working like a charm
[11:51] {nemo} yeah, we'll likely get new highs in the spy
01[11:55] {&Threei}  1:3 baby
01[11:55] {&Threei}  me out
[11:57] {+cc_9} FSLR $61.10 area is like an ATM machine
[11:58] {+cc_9} http://www.khou.com/news/local/White-guy-wins-after-leading-voters-to-believe-hes-black-231222981.html
[11:59] {nemo} just goes to prove most voters are stupid
[12:00] {nemo} didn't think Les had that many relatives
[12:03] {Les} never voted dude. ain't that stupid
[12:05] {RonS} yrcw
01[12:05] {&Threei}  am I the only one who held MCD for the 1:3?
[12:05] {Les} like I said, one bite is enough...
[12:23] {+cc_9} CRUS trying again
[12:23] {+cc_9} GDX liftoff
01[12:24] {&Threei} Long Setup:  CAT  84 break hl
01[12:24] {&Threei}  If holds  .90 
[12:28] {+cc_9} SPY hugging the b/e line. yawn
[12:30] {+cc_9} GDX nice comeback.
[12:44] {Les} slw gdx might be ready to turn over
01[12:45] {&Threei} Short Setup: GDX  .05 break
01[12:45] {&Threei}  If holds  .10 
01[13:01] {&Threei}  hmmm... both ese and will are away, and there is this:
01[13:01] {&Threei}  Police detonate pipe bomb near park in Saanich
[13:03] {dino} don't you mean police eating sandwich
01[13:04] {&Threei}  well, right after that detonation, I guess
01[13:05] {&Threei}  or before
01[13:05] {&Threei}  or both
[13:06] {Les} http://tinyurl.com/mmhkye4
[13:09] {Alexs} mcd short .70?
[13:10] {Les} DIA looking ready for new highs here
[13:10] {Alexs} I meant 97
01[13:10] {&Threei}  not sure
01[13:10] {&Threei}  SPY is in creep-up mode
[13:11] {nemo} yeah, you'll get the afternoon break to new all time highs probably after 2
[13:11] {Alexs} looks like they go different way today
[13:11] {Alexs} MCD & SPY
[13:14] {nemo} Alright...I'm going to try and kill something
[13:15] {Les} human or animal?
[13:15] {nemo} latter, but the former is possible, I'll be out in a swamp...they'd never find the body
[13:16] {nemo} wach agn
[13:16] {nemo} yum coming into vwap
01[13:50] {&Threei}  let's trail to .94
[13:56] {Les} someone's stop just got tripped in CAT
[13:56] {Les} 100 shares at .95, but gone now
[13:56] {Les} they call that errant print?
01[13:57] {&Threei}  I guess
01[13:57] {&Threei}  don't see it
[13:57] {Les} yeh saw the t&s, saw the chart print and then it disappeared strange
[13:58] {Les} GDX stopped
01[13:58] {&Threei}  meh
[14:07] {+cc_9} GDX choochoo
06[14:08] * Les slaps cc_9 around a bit with a large trout
[14:08] {Les} tell me u eat trout and I'll pull out the jackhammer
[14:10] {+cc_9} i eat jackhammers
[14:10] {Les} lol
01[14:13] {&Threei}  hehe
[14:23] {Les} CAT scratched flat
[14:23] {Les} sick of watching that one
[14:23] {Les} now where's that bottle...
01[14:30] {&Threei}  half out
01[14:30] {&Threei}  stop to .99
[14:32] {+cc_9} DDD wowza
[14:52] {+cc_9} SPY pancake
[14:52] {+cc_9} FB tank
01[14:54] {&Threei}  pullback to about .40 wuld be interesting for dpuble bottom
01[14:56] {&Threei}  so Les... now that CAT is clawing its way to 1:2, I have to ask... what's the hurry?
01[14:56] {&Threei}  flat market, nothing much happens... why not let it trade?
[14:57] {Les} c'mon dude over 2 hours there
[14:57] {Les} I don't like leaving the screen while a trade is on
01[14:57] {&Threei}  it will work or it won't, but what business do you have interefering with natural laws?
[14:57] {Les} but gotta go pee pee sometimes
01[14:58] {&Threei}  well, you watch stocks making money without you while you continue rationalizing the reasons not to ride them
[14:59] {Les} that be the case need to learn how to set a stop in DAS and walk away
01[14:59] {&Threei}  there you go... solution was so close
[15:00] {Les} have to speak to danny boy
[15:06] {Les} CAT DT?
01[15:07] {&Threei}  I still have long, and you won't be able to sit through it anyway {G}
[15:07] {Les} lol ouch
01[15:08] {&Threei} Short Setup: GLD  .85 break
01[15:09] {&Threei}  If holds  .91 
[15:09] {+cc_9} oh god, i left a nicholas cage payment on FSLR
[15:09] {Les} sin't he bankrupt?
01[15:09] {&Threei}  CAT stop to .04
[15:09] {Alexs} why today is so slow market?
01[15:10] {&Threei}  who knows
[15:10] {Alexs} I thought you now
01[15:10] {&Threei}  I know not
[15:10] {Alexs} lol
01[15:11] {&Threei}  nor am I interested... whys are of not much interest to me
[15:11] {Les} you may not know, but alex thinks you now not know...
01[15:11] {&Threei}  other than rare intellectual curiosity which I am working hard to sipress
01[15:11] {&Threei}  supress too
[15:12] {Les} suppress?
[15:12] {+cc_9} bank holiday
01[15:12] {&Threei}  if you insist
[15:12] {+cc_9} bond market is closed
[15:12] {+cc_9} etc...
[15:12] {Les} ah the adults are away
01[15:13] {&Threei}  there... cc_9 won't let us wallow in abyss of ignorance
[15:13] {dino} calling it a day here
01[15:13] {&Threei}  which is sad... wallowing is so pleasant
01[15:13] {&Threei}  FB
01[15:13] {&Threei}  take care dino
[15:13] {Les} ciao dino
01[15:14] {&Threei} Long Setup:  FB  .40 break hl
01[15:14] {&Threei}  If holds  .30 
[15:15] {Alexs} i thought you call it short
01[15:15] {&Threei}  ?
01[15:16] {&Threei}  where? when? why?
[15:16] {Alexs} rofl
01[15:16] {&Threei}  darn intellectual curiosity...
01[15:17] {&Threei}  a little more, and I will compete for the Crystal Owl
01[15:17] {&Threei}  meh
[15:18] {Alexs} you still remember that show Vad?
01[15:18] {&Threei}  it's still on
[15:18] {Alexs} oh didn't know it
01[15:18] {&Threei}  quite enjoyable
01[15:19] {&Threei}  there was period when it became too commercialized
01[15:19] {&Threei}  much better now
[15:19] {Alexs} still those old faces?
01[15:19] {&Threei}  some of them
01[15:19] {&Threei}  many new ones too
[15:22] {+cc_9} DB looking sad here
[15:22] {+cc_9} FB*
[15:24] {Alexs} DB too btw
[15:25] {+cc_9} DB breaking even
[15:25] {+cc_9} FB down a full point and change
[15:27] {+cc_9} FB EOD going the way of Trayvon Martin
01[15:28] {&Threei}  CAT baby
01[15:28] {&Threei}  1:2
01[15:28] {&Threei}  I need to make Les cry
01[15:29] {&Threei}  in order to make him trade by the book
[15:29] {Les} you can't
[15:29] {Les} listening to ABBA
[15:29] {+cc_9} Long FB here 46.15 for S&G
[15:29] {Les} http://www.youtube.com/watch?v=-crgQGdpZR0
01[15:29] {&Threei}  instead of improvizing
[15:29] {+cc_9} 2013, listening to ABBA. I seriously hope you guys don't do this.
[15:29] {Les} had my bottle cc. I can do this
[15:29] {RonS} ...the HORROR...
[15:30] {+cc_9} FB full on suicide mode.
[15:30] {+cc_9} look @ chart of FUEL today 
01[15:30] {&Threei}  this is better match Les: http://www.youtube.com/watch?v=KHZBRIXzrqQ
[15:30] {+cc_9} talk about FUEL made a bottom Friday
[15:31] {Les} lol turn the knife why don't ya
01[15:31] {&Threei}  count ot me to do just that
[15:32] {+cc_9} FB id like to see 46.40 5mins before close
01[15:32] {&Threei}  you don't want the knife turning in your flesh, you trade by the book
[15:32] {+cc_9} and ill be a happy merchant
01[15:32] {&Threei}  you think you know better than system does, you get knives all over
[15:34] {+cc_9} FB flushing the toilet
[15:36] {+cc_9} FB damn it get it together would you
[15:37] {+cc_9} get back } .90
[15:38] {+cc_9} there ya go...get some bids 
[15:40] {+cc_9} blah
[15:40] {+cc_9} also known as "meh"
01[15:40] {&Threei}  lol
01[15:40] {&Threei}  done with last CAT on a trail
[15:41] {+cc_9} no love for FB long EOD on bounce ?
01[15:41] {&Threei}  watching... not sure
[15:41] {+cc_9} they are about to push the INDU to all time highs again as a thanks to the vets
[15:41] {+cc_9} buy while you can
[15:41] {Les} wondering if FB is taste of indexes to come
[15:42] {Alexs} love it but can't afford it
[15:42] {+cc_9} 45.99 cost now, ill unload } 46.20 if can
[15:42] {+cc_9} come on...push
[15:44] {+cc_9} giddy up 
[15:45] {+cc_9} dumping all here 46.10 offer
[15:45] {+cc_9} dont need to gamble
01[15:45] {&Threei}  good one
[15:46] {+cc_9} all out
[15:46] {+cc_9} she goes to my tgt of .20
[15:46] {+cc_9} but meh...u know ?
[15:48] {+cc_9} man do I regret having sold GDX so early
[15:48] {+cc_9} hell of a comeback, its green now
[15:50] {+cc_9} there goes FB :D
[15:50] {+cc_9} At 46.20 i will Shia my back
[15:50] {+cc_9} at 46.30 i will break more electronics
[15:51] {+cc_9} at 46.50 i wont be here tomorrow
01[15:51] {&Threei}  lol
[15:51] {+cc_9} here goes nothing...
01[15:58] {&Threei}  ok guys
01[15:58] {&Threei}  closing last position
01[15:59] {&Threei}  thank you all, have a great evening
01[15:59] {&Threei}  see you tomorrow
[15:59] {+cc_9} cya guys

[15:59] {+cc_9} later Vad.

Friday, November 8, 2013

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateMarkets Volatile in Week Full of Surprises


- Global markets weathered a series of surprising decisions and data points this week. In the US, the initial Q3 GDP reading was surprisingly strong and the October non-farm payrolls wee much better than expected. In Europe, final October manufacturing and services PMI data remained solidly in expansion territory and at multi-month highs, confirming that European economies may finally be returning to health. Yet, reacting to deflationary concerns, the ECB governing council cut its main refi rate by 25 bps to 0.25%, acting sooner than many analysts had expected. The better than expected data in the US caused some reassessment of when the Fed may start tapering, even as the central bank confirmed it has contemplated lowering the unemployment threshold on its forward rate guidance (to perhaps 5.5% from 6.5% currently). For the week, the DJIA gained 0.9%, the S&P500 added 0.5% and the Nasdaq slipped 0.1%.

- The advanced US Q3 GDP surprised all observers with a +2.8% reading, the highest rate of expansion since the third quarter of 2012. The extra strength was seen mainly in inventory restocking, whereas both US imports and exports saw big steps down from the Q2 final data. Consumer spending grew at +1.5%, matching its slowest pace of growth in more than 3.5 years.

- The October jobs report was challenging to parse given the impact of the government shutdown: according to BLS reporting standards, the payroll numbers would not have captured furloughs related to the shutdown but the unemployment rate would have been impacted by the furloughs. Accordingly, the +240K non-farm payrolls number was very strong and crushed the 120K consensus. The unemployment rate ticked up to 7.3% as expected, from 7.2% in September, which the BLS said partially reflected the decline in federal government employment. A dramatic four-tenths drop in the labor force participation rate to its lowest level since 1978 was another surprise, which the BLS could not fully explain.

- The ECB surprised markets with an interest rate cut and an extension of liquidity operations by one year, to mid-2015. The moves will help prime banks with funds and prevent the weak recovery from stalling as inflation falls further. The decision comes after the October euro zone CPI data fell to a four-year low of 0.7%, way off the target rate of 2.0%. While appreciation in EUR/USD had become an issue for euro zone economies, Draghi insisted that euro strength was not a factor in the decision and reiterated that the ECB has no FX policy target. Regarding the inflation issue, Draghi insisted that there is no risk of deflation in the zone, although he also indicated that Europe was in the midst of a prolonged period of low inflation.

- Coming into the week, EUR/USD tested and then held a four-month uptrend line around 1.3440 (where was a six-week low) before rebounding back over the 1.35 handle. The pair remained around 1.3500 though the ECB decision; analysts pointed out that the 1.3410-30 provided solid resistance in mid-June and late August. Going into the ECB policy decision, there was a feeling that the recent two-year highs in EUR/USD had become a political issue. After the surprise rate cut, EUR/USD plunged to two-month lows below 1.3300.

- Twitter's IPO frenzy seized markets this week. The social media firm's 70M share offering opened for trade on Thursday at approximately 10:50ET at $45.10, well above the $26/share IPO price. Shares of TWTR surged to $50 on the first day of trading and then declined back to around $42 on Friday on extreme heavy volume. As money poured into Twitter, other social media names lost ground, with FB down 4% and LNKD down 2% on the week.

- Shares of Tesla dropped almost 25% this week, thanks to problems with the firm's quarterly earnings and reports of the third fiery Model S accident this year. With shares priced for perfection, Tesla's EPS merely met expectations and only modestly raised its production outlook for Q4 to 6,000 units. CEO Musk said Tesla would see some relief from production constraints in 2014.

- BlackBerry disclosed that its tentative deal with Fairfax Financial to go private has fallen through and CEO Thorsten Heins resigned after less than two years in the post. Instead, the company will take on $1 billion in convertible debt, which converts if the stock hits $10 a share. Fairfax will kick in $250M of convertible debt. New chairman and interim CEO, John Chen, insisted that he would still pursue a sale of the company, but also couldn't rule out shuttering businesses as a strategic option.

- Retailers reported better-than-expected sales in October as discounts and promotions helped get shoppers into stores. Heading into retail reports expectations were very low, given the confidence issues and the chaos in Washington, DC during the month. Abercrombie &Fitch's weak preliminary Q3 report on Wednesday, with its 14% decline in comps also didn't help. However nearly all major retailers disclosed pretty strong monthly comps, and American Eagle Outfitters shook off Abercrombie bad mojo by preannouncing its own Q3 to the upside.

- In other FX news, trading in USD/JPY was choppy. Analysts said that a sustained break above 99.00 could provide next upward leg in the pair and further help the government with Abeonmics. The USD/JPY has been consolidating since hitting highs of 103.62 back on May 23rd and a low of 93.77 on June 14th. Conversely a move below 97.00 would likely target 93. On Thursday and Friday, USD/JPY saw big volatility ahead of and after the ECB decision, the US Q3 GDP and the jobs report. After fluctuating between 99.40 and 97.60, the pair exited the week just a hair above 99. GBP/USD surged above 1.6060 after the Oct PMI Services beat expectations with its highest reading since May 1997. EUR/GBP dipped to five-week lows around 0.8465.

- China's October trade surplus rose to a 10-month high, bolstered by a much stronger than expected increase in exports just a month after a surprise contraction. Exports to the US accelerated to 6.9% from 4.2%, while exports to Europe slowed to 0.5% from 1.1%. Imports of iron ore, a gauge of China's industrial health, gained 20% y/y but fell over 10% m/m. The PBoC made only one modest CNY8B liquidity injection this week.

- On November 9th, the Chinese leadership convenes a key decision-making event, the third plenum of the 18th central committee. President Xi has been telling foreign leaders that the session will be the most important for China since 1978, dropping hints of momentous change and China watchers predict that the biggest reforms rolled out at the event will be to the relationship between the government and state enterprises, to the financial system and to the legal regime governing the control and use of rural land.



Nov 08 2013

Nice end to the week, with a few small stops but quite a few juicy wins putting us strongly on a winning side. One of them, BBY short at the end of the day was a bit more creative setup than usual - check it out, partialing in, partialing out.

Session Time: Fri Nov 08 00:00:00 2013
[08:30] {nemo} oh oh...
[09:03] {+cc_9} Good morning folks. Thanks Obama.
[09:03] {nemo} why?
[09:04] {nemo} you just check how much insurance gonna'' cost u?
[09:04] {+cc_9} unemployment is going up
[09:04] {+cc_9} great news for the market
[09:04] {+cc_9} should get a pop
[09:04] {nemo} I thought non far payrolls came in twice as strong as usual
[09:04] {nemo} expected
[09:05] {+cc_9} there is the pop
[09:05] {+cc_9} SPY back positive
01[09:05] {&Threei}  morning guys
[09:07] {mrcanada} i don't understand why Obama has changed your great health care system in the U.S. to what we have in
[09:08] {mrcanada} Canada...
01[09:09] {&Threei}  I don't think they have now what we have... theirs is some very weird hybrid with no internal logic and immensely complicated
[09:09] {+cc_9} what we have now is nothing like you have in Canada
[09:10] {mrcanada} we have to wait up to a year for knee surgery...in the states you can get the same surgery done in less than a week
[09:10] {RonS} gm...cc thought you were French Canadian...??
01[09:10] {&Threei}  lol
01[09:10] {&Threei}  morning ron
[09:10] {mrcanada} I live in Quebec
[09:11] {nemo} Yeah...but what they think they're gonna'  They want to make sure we all suffer equally down here
[09:11] {nemo} They don't realize it will still end up being the rich will be able to pay and they'll just make the poor and the  middle class equal
[09:11] {mrcanada} just like we do in Canada...
[09:12] {nemo} Yep...it's so funny, but everybody will be equally unable to get care...that's fair
[09:12] {mrcanada} I have a good friend who is a surgeon in Baston and he tells me of the Canadians who go there for surgery that would have to wait in Canada
[09:13] {nemo} My nephew's acl surgery was done by a Canadian...his partner is Canadian...they couldn't find jobs up there
01[09:13] {&Threei}  that happens all over Canada, yes. Those who can afford it go to USA for a quick care
01[09:14] {&Threei}  those who can't wait for years for hip replacement, knee fix etc
[09:14] {nemo} just to see a specialist
01[09:14] {&Threei}  sometimes weeks or months to see a specialist
[09:14] {mrcanada} if u have saved and work hard why shouldn't you be allowed to "buy" what you want
[09:14] {mrcanada} vad...that is it in a nutshell
[09:14] {nemo} we all equal...if poor people don't have access...you can't
[09:15] {mrcanada} that's teh way it works in canada...unless you play hockey for one of the professional teams
01[09:15] {&Threei}  hehe
[09:16] {RonS} nightmare is unending:  US to require insurers to cover mental health, addiction same as physical illness, Sebelius announces
[09:16] {nemo} according to Psychologist...everybody has a syndrome
[09:17] {mrcanada} our doctors are capped at $500k that they are allowed to bill on average
[09:17] {nemo} per patient, or per year?
[09:17] {mrcanada} and that is before expenses
[09:17] {mrcanada} per year
[09:18] {nemo} wow...so, then they stop working
01[09:18] {&Threei}  reminds me poilicies of Victoria city core. You can shoot up sitting on the doorstep of the store, no one will say anything. But have a smoke within 7 metres of the same doorstep, you are in bylaw violation and can get ticketed
[09:18] {dino} gm
[09:19] {dino} side track day, couple r.e. closings
01[09:19] {&Threei}  nemo, yes, and we wonder why it's a problem to find family doctor
[09:19] {Will49} gm
01[09:19] {&Threei}  dino, will :)
[09:19] {mrcanada} yes...but to make the same amount of $$ that the same specialist makes in the U.s. they have to see 10 times as many patients in a day as the government dictates how much they can bill for a consult or a surgery
[09:20] {mrcanada} vad...too funny...do they have "safe injection sites" in victoria as well?
01[09:21] {&Threei}  they used to... then feds pressure and neighborhood protests closed it,
01[09:21] {&Threei}  now they are fighint to open it again and I am sure will succeed
[09:21] {+cc_9} FB creeping up in pre-market
[09:21] {nemo} mos, is a watched pot
[09:22] {drewj} gm all
[09:22] {+cc_9} My watch : SCTY . DVN . FB . GDX . UNXL
[09:22] {ese} gm
01[09:23] {&Threei}  drew, ese :)
[09:23] {ese} cowering........ducking
[09:23] {ese} phewwwwwwww
01[09:23] {&Threei}  Sibelius: I designed the website in a drunken stupor. It's all Toronto mayor's fault.
[09:23] {RonS} unxl is treacherous...
[09:23] {RonS} highly manipulated...unxl
01[09:27] {&Threei}  GDX...
01[09:27] {&Threei}  .80 - .90 range
[09:27] {Alexs} gm
[09:27] {RonS} hommie pressure on this interest rate move...
01[09:27] {&Threei}  alex :)
[09:30] {+cc_9} ding ding ding, no need to take risks today, think of the weekend :)
[09:31] {RonS} reits getting smacked
01[09:31] {&Threei}  .s gld .35 break
01[09:31] {&Threei} Short Setup: GLD  .35 break
01[09:31] {&Threei}  If holds  .45
01[09:31] {&Threei}  GDX got away
[09:32] {+cc_9} DVN long here for target 61
[09:32] {+cc_9} still big spread :(
[09:33] {+cc_9} GDX taking a dump
01[09:34] {&Threei}  stop to .41
01[09:34] {&Threei}  1:1
[09:34] {dino} gotta hop, back in hour or two
01[09:35] {&Threei}  we'll hold the fortress dino
[09:35] {ese} cya dino
01[09:35] {&Threei}  1:2
[09:35] {+cc_9} DVN so far so good
01[09:35] {&Threei}  1:3
[09:35] {robbers} Out, thanks.
01[09:35] {&Threei}  out
01[09:35] {&Threei}  yw
01[09:35] {&Threei}  let's go home?
[09:36] {Will49} nice start Vad
01[09:36] {&Threei}  imagine, Les comes in, no one's here
[09:36] {nemo} that's how it should be
01[09:36] {&Threei}  lol
[09:37] {+cc_9} GDX here for a bounce ?
01[09:38] {&Threei}  one more dive under .60 and holding .55, I'd feel safe taking it long on .60 recross
01[09:38] {&Threei}  or consolidation for couple more min and break of .65
[09:38] {+cc_9} SCTY spooky here
[09:39] {nemo} ddd
[09:39] {+cc_9} SCTY moved $2.00 in a heartbeat
01[09:39] {&Threei} Long Setup:  GDX  .60 break
01[09:39] {&Threei}  If holds  .55
[09:39] {+cc_9} TWTR tanking
[09:39] {+cc_9} "tanking"
01[09:40] {&Threei}  yuck
[09:40] {nemo} short it
01[09:40] {&Threei}  2.5 bucks in 4 bars
[09:40] {nemo} We'll look back in the Spring and call it the Twitter Top
01[09:40] {&Threei}  definition of cheap beer
[09:40] {+cc_9} SCTY cash cow
[09:43] {+cc_9} SCTY boom
01[09:43] {&Threei}  meh
[09:43] {+cc_9} TWTR squatting lows
[09:44] {+cc_9} SPY new highs
[09:44] {+cc_9} SCTY nonstop :D
[09:45] {+cc_9} out SCTY for $1.15 on limit
[09:45] {Will49} nice
01[09:45] {&Threei} Short Setup: C  .30 break
[09:45] {robbers} wtg
[09:45] {+cc_9} ty
01[09:45] {&Threei}  If holds  .40
[09:46] {nemo} finnies still strong, but this is an inflection point
[09:46] {+cc_9} GDX long 23.57
01[09:47] {&Threei} Short Setup: JPM  .60 break
01[09:47] {&Threei}  If holds  .65
[09:47] {nemo} gdx in the gap, may want to fill
[09:48] {+cc_9} out DVN for $0.25
[09:48] {+cc_9} sitting on GDX only for now
01[09:48] {&Threei}  {GDX} what am I, a horse??
[09:48] {nemo} gap close around .28 S3 @.06
[09:48] {+cc_9} DDD son of a fatherless dog
[09:49] {ese} L slca ,24
01[09:49] {&Threei}  come on JPM, trigger
[09:49] {nemo} no son of a motherless Les!
01[09:49] {&Threei}  meh
[09:50] {nemo} wfm mos
[09:50] {RonS} ese...slca secondary at 31...likely magnet
[09:52] {ese} ya just thinkin that
[09:53] {ese} am lookin for that gap fill
[09:53] {+cc_9} DDD about to go full on APEMODE
[09:54] {ese} am in dino sm 400
[09:54] {+cc_9} GDX turning around
01[09:55] {&Threei}  *(US) NOV PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 72.0 V 74.5E
[09:55] {ese} oh oh
[09:55] {+cc_9} out GDX for $0.10
[09:56] {ese} michigan or job numbers.....which will win out
[09:56] {+cc_9} SCTY : check / GDX : check / DVN : check / DDD : f**k
[09:56] {+cc_9} DDD gorilla mode
[09:57] {nemo} yeah...bottom was 23.6 retrace off that swing low
[09:57] {nemo} about 10 days ago
[09:57] {+cc_9} GDX boom
[10:00] {+cc_9} 09:46 cc_9 GDX long 23.57
[10:00] {+cc_9} :)
01[10:01] {&Threei} Short Setup: FB  .10 break hl
01[10:01] {&Threei}  If holds  .20
01[10:02] {&Threei}  Invalidated
[10:02] {nemo} spelling!
01[10:02] {&Threei}  sorry
[10:02] {Alexs} what kind of setup was FB?
01[10:03] {&Threei}  "I feel burned" by this dictionary
01[10:03] {&Threei}  short into bounce
[10:03] {RonS} feye sm l .20
01[10:03] {&Threei}  double top
[10:03] {nemo} Funny, got this asshole on my Twitter feed sings the praises of the Canadian health system and how he knows it (lives in North Carolina).  I tell him I talk to Canadians every day...still says I'm full of shit
[10:05] {ese} wow ....thats some retrace there ron
[10:05] {Will49} are we shorting FB under .10?
[10:05] {ese} small with y L feye .48
01[10:06] {&Threei}  [10:02] {&Threei} Invalidated
01[10:06] {&Threei}  .20 howevere...
01[10:06] {&Threei}  maybe
01[10:06] {&Threei} Short Setup: FB  .20 break hl
[10:06] {nemo} fb at major support on the daily
01[10:06] {&Threei}  If holds  .30
[10:06] {RonS} feye beat and raise...
[10:07] {ese} nice
01[10:07] {&Threei}  change to .25
01[10:07] {&Threei}  and .35
[10:07] {+cc_9} C huge move up
01[10:07] {&Threei}  ok FB
01[10:07] {&Threei}  die
[10:08] {+cc_9} feel like shorting C on this frenzy
01[10:08] {&Threei}  hmmm... not dying
[10:09] {ese} out feye .92 +.44
[10:09] {nemo} probably not today, look at the daily, why wreck it for the weekend
[10:09] {ese} thanks Ron
[10:09] {RonS} np
[10:09] {ese} ride em cowboy
01[10:09] {&Threei}  meh
[10:09] {+cc_9} short C light 49.78 on extended run
[10:09] {+cc_9} looking for { 49.60 tgt
[10:11] {nemo} strong side on algo filling out
[10:12] {Alexs} GDX short .65?
01[10:12] {&Threei} Short Setup: GLD  124 break
01[10:12] {&Threei}  If holds  .10
01[10:13] {&Threei}  GDX, not sure
[10:13] {+cc_9} C getting tired
[10:13] {+cc_9} time to take profits goyim
[10:13] {Alexs} talking to yourself cc?
[10:14] {+cc_9} no, to people that are buying up C on this move up
01[10:14] {&Threei}  as he often does in one of his drunken stupors
[10:14] {+cc_9} they need to sell so i can cover
01[10:14] {&Threei}  lol, Toronto mayor made this phrase immortal
[10:15] {nemo} stick it in your pipe and smoke it?
[10:16] {ese} L gild .89 full lot
[10:17] {+cc_9} getting oven'ed on that C short
[10:17] {ese} stop to break even
[10:17] {+cc_9} SPY going higher, C full on zoo mode
[10:17] {ese} lets see what happens
[10:18] {nemo} we should recover at least half the lost ground of yesterday
[10:18] {nemo} strong side filling out, almost nothing on the weak side
[10:19] {+cc_9} C is due for a fade
[10:19] {+cc_9} profits must be taken
[10:19] {+cc_9} tgt unchanged, under 49.60
[10:19] {ese} out gild .96 +.07
[10:19] {ese} took my 70 bucks
01[10:19] {&Threei}  stop to .06
[10:19] {nemo} maybe when finnies get back to yesterday's high, that's the Weekly pivot
[10:19] {ese} next!
[10:20] {+cc_9} C refuses to die
[10:20] {nemo} BTFD!!! CC
01[10:20] {&Threei}  1:1
[10:20] {+cc_9} im 4/4, need C to die for 5/5
[10:20] {nemo} 176.33 weekly pivot on spy 176.70ish resistance
[10:20] {ese} slca looking like it might make a go of that gap
[10:21] {+cc_9} will stay with it, its going to breath
01[10:21] {&Threei}  1:2
01[10:21] {&Threei}  another one destined for eternal life: "Obviously, I was extremely, extremely inebriated"
[10:22] {Will49} what a national embarrasment
[10:22] {nemo} strong and weak:  http://bit.ly/1cIuY8V
[10:22] {ese} ya saw that.........what a joke that guy is.......interesting thing is that they don't seem to have system to get rid of him
[10:22] {Will49} bullet
[10:22] {nemo} freight train
[10:23] {ese} yup...should be a bullet
[10:23] {RonS} voodoo induced heart attack...better yet 10lbs of crack and let the glutton do it himself...
[10:23] {Will49} he'd derail a train
[10:24] {+cc_9} VXX just noticed it R/S'ed
[10:24] {Will49} so now we've got Bieber AND Ford
[10:24] {Will49} what a circus
[10:25] {RonS} Leno: Ocare website is slower than Justin Bieber's puberty...
[10:25] {Will49} lol
[10:26] {+cc_9} C tagging $50.00. Oy vey
[10:26] {+cc_9} this is like another shoah
[10:28] {ese} slca stop to break even .25
[10:28] {+cc_9} XLF stubborn
[10:30] {+cc_9} Feels like a +300 dow day
[10:30] {ese} really?
[10:31] {Alexs} does it always work that all gaps should be filled?
01[10:32] {&Threei}  nothing is always
[10:32] {ese} sort of an old wives tale
01[10:32] {&Threei}  everything is sometimes
01[10:32] {&Threei}  most is often
[10:32] {ese} you have to watch the price action
[10:32] {Will49} my brain hurts
[10:33] {RonS} works best w/ 5 yr volume gaps combined w/ price...
01[10:33] {&Threei}  mine doesn't... and don't you dare theorize why
[10:33] {ese} Price goes up except when it doesn't and it goes down except when it doesn't
[10:33] {Will49} nemo...you failed me
[10:33] {nemo} stand up will, it won't hurt so much
[10:33] {RonS} doo be doo be doo...
[10:33] {Will49} that's better :)
[10:34] {+cc_9} C needs a reality check, up nonstop since the bell, that's can't stick
[10:34] {ese} what do you mean by 5 yr volume gaps ron?
[10:34] {nemo} a single glial cell doesn't have enough pain sensors to register Vad
[10:34] {nemo} Yes it can CC
[10:35] {RonS} cc remeber the revese spli...it's only a $5 stock...
[10:35] {nemo} next inflection just above .30 in spy
[10:35] {nemo} finnies almost to weekly pivot...likely they hang out there
01[10:35] {&Threei} Short Setup: MCD  .50 break hl
[10:35] {ese} slca out .54 +.30
[10:35] {RonS} gj ese
01[10:35] {&Threei}  If holds  .60
[10:35] {ese} tks
[10:35] {+cc_9} so why aren't you long C nemo ?
[10:36] {ese} outta here.......participating in a few remembrance day ceremonies today....cya tuesday
01[10:36] {&Threei}  take care ese
[10:36] {+cc_9} later ese
[10:36] {+cc_9} enjoy the wkend
[10:36] {ese} cc vad
[10:36] {Will49} beer
[10:36] {RonS} alzheimer's event?
[10:36] {ese} definitely
[10:39] {RonS} out feye 37.45 +1.25
[10:39] {+cc_9} C slow decay
[10:40] {+cc_9} needs flush under 49.85
01[10:49] {&Threei}  let's trail to .56
01[10:50] {&Threei}  1/2 meh
[10:55] {RonS} LEN
[10:56] {+cc_9} C slowly getting there, good girl.
[10:56] {Will49} i knew a girl like that once
[10:57] {nemo} she like to get her knees dirty?
[10:57] {+cc_9} Storm has 235 mph wind gusts
[10:57] {Will49} oh nemo
[10:57] {nemo} we need to decrease the surplus population anyway
[10:57] {+cc_9} i was watching some live earth cams in Philipines yesterday
[10:57] {+cc_9} but on feed today
[10:57] {nemo} ctxs letting go
[10:59] {+cc_9} missed the drop, shame
[11:00] {+cc_9} C getting tired, market @ highs
[11:00] {Will49} are markets closed on Monday?
[11:00] {RonS} no
[11:01] {Will49} tks ron
[11:01] {+cc_9} Will : http://bit.ly/1d8WvwN
[11:01] {RonS} lol...that was pretty cool...
[11:01] {+cc_9} C { 49.80
[11:01] {Will49} tks cc
[11:02] {+cc_9} np
[11:02] {Will49} informative and made me feel stupid all at once :)
[11:02] {RonS} lol
[11:03] {nemo} indices look short but I think 175.80 likely to be the bottom in spy
[11:03] {+cc_9} C block trade
[11:03] {RonS} now you know how Les feels often...  :)
[11:03] {+cc_9} wowza 500k
[11:03] {+cc_9} wait, maybe not
[11:03] {+cc_9} does anyone see a 500k on 1min C ?
[11:03] {RonS} nuts feye 39.15
[11:03] {+cc_9} shows on some charts, but not others
[11:04] {nemo} acn
[11:05] {RonS} C...no block here cc
[11:11] {+cc_9} thanks Ron
[11:11] {+cc_9} looks like a settlement trade then
[11:11] {nemo} look for ctxs maybe to short wen it get's back up in the .60 area
[11:12] {+cc_9} FAZ back @ yesterday's lows
[11:12] {nemo} fas at yesterday's highs ;-)
[11:12] {nemo} almost...yesterday's highs was the Monthly Pivot
[11:12] {+cc_9} yes...
[11:12] {+cc_9} OLED, look @ that chart nemo
[11:13] {+cc_9} spooky but a short trade could be decent on a profit taking move
[11:13] {nemo} was that earnings?
[11:13] {+cc_9} do you want me to google that for you too ?
[11:13] {nemo} cute
[11:13] {+cc_9} http://www.fool.com/investing/general/2013/11/07/news-universal-display-reports-earnings.aspx
[11:13] {nemo} no don't care
[11:14] {+cc_9} Nemo's feelings status : hurt
[11:14] {+cc_9} update your facebook
[11:14] {nemo} just asked a simple question, "I don't know" would have been fine
[11:14] {nemo} feelings hurt?
[11:14] {nemo} Vad, do I have feelings?
[11:14] {+cc_9} Nemo's buttfeelings status "devastated"
[11:14] {+cc_9} update your twitter
01[11:15] {&Threei}  hmmm
[11:15] {nemo} now your gonna' make me piss my Depends
[11:15] {+cc_9} yes, earnings nemo, lifted guidance as well
[11:15] {+cc_9} avg daily vol is garbage
[11:16] {nemo} yeah, and organic LEDs are all the rage, probably doesn't come in today
[11:16] {+cc_9} 31% float is short on it
[11:17] {nemo} that's kinda' asking to get ur ass handed to ya' if you're gonna' short it
[11:17] {nemo} that would mean giving up ur brain
[11:17] {nemo} probably not a good idea
[11:18] {+cc_9} someone please post "lol", im starting to feel bad.
[11:18] {Will49} looks good on ya
[11:18] {nemo} "feerings, nothing more than feerings"    ~RonS
[11:18] {+cc_9} C losing bids, still short
[11:20] {+cc_9} 5/5 : C short entries }}} http://img440.imageshack.us/img440/199/3d75.jpg
[11:20] {+cc_9} +
[11:20] {+cc_9} +$0.15, staying short
[11:21] {nemo} indexes on higher time frames starting to set up short
[11:22] {nemo} ctxs likely a short here
[11:23] {+cc_9} DDD new highs, still aping
01[11:24] {&Threei}  frikin MCD
[11:25] {+cc_9} XLF loses this bid and C will be making mint
[11:28] {+cc_9} covering C here +$0.20. 5/5
[11:29] {+cc_9} C losing bid { $49.70 :)
[11:30] {dino} .
[11:30] {+cc_9} and there she goes, XLF loses penny bid, C loses 8
[11:33] {nemo} ok all indexes look short now
[11:33] {RonS} dino...re...buying or selling today?
01[11:34] {&Threei} Short Setup: WMT  .50 break
[11:34] {+cc_9} look @ that sell block on C :D
[11:34] {dino} selling/sold 3 parcels
01[11:35] {&Threei}  in full, or partialing out, dino?
[11:36] {Alexs} WMT looks two sided?
[11:36] {Alexs} I mean .60 break?
01[11:36] {&Threei}  I don't want to go long on such break at this time of the day alex
[11:36] {dino} still hold a lot of r.e. 2 more sales within 30 days. will still be holding a lot
01[11:36] {&Threei}  I'd rather look to short recross
[11:36] {nemo} well, so much for that idea
[11:36] {Alexs} .60?
01[11:36] {&Threei}  yeah
[11:37] {+cc_9} C still breaking down :)
[11:37] {+cc_9} even as SPY inches higher
[11:37] {+cc_9} hence
[11:37] {+cc_9} 10:34 cc_9 C needs a reality check, up nonstop since the bell, that's can't stick
[11:38] {RonS} missed a beaut dino...feye...beat and raise and they sold it off...got 1.25...missed 3.15...
[11:39] {dino} nice
01[11:40] {&Threei} Short Setup: WMT  .60 break
01[11:40] {&Threei}  If holds  .65
[11:41] {Les} binkey's back
[11:41] {Les} how goes it?
[11:42] {nemo} you see the movie Argo, Les?
[11:42] {Les} yeh
[11:42] {nemo} you know what I'm gonna' say, don't ya'?
[11:42] {Les} are we in Tehren trying to get out here?
01[11:42] {&Threei}  morning Les
[11:43] {nemo} not exactly, but you do conjure up thoughts of the Fedayeen
01[11:43] {&Threei}  1:3er, 1:2er, a few mehs
[11:44] {Les} GLD at vwap. to short on not to short. no convincing setup yet
[11:44] {Les} fffffffFB .65 long?
[11:45] {Les} FB
[11:45] {Les} looking at TWTR
01[11:45] {&Threei}  ?
01[11:45] {&Threei}  are you high? 3 calls in 1 min
[11:45] {nemo} he's medicated Vad
[11:46] {Les} TWTR making a base and looking ready to pop, FB looks like sympathy play
[11:46] {goinshort} how about C for a vwap bounce?
[11:46] {Alexs} wmt still valid?
01[11:46] {&Threei}  their charts are not even remotely close today
01[11:46] {&Threei}  WMT, no
[11:47] {Les} lol should have just taken FB on its own merits then 1:1
01[11:47] {&Threei}  C probably has one more breakdown in it
[11:49] {Les} GLD respects vwap, although doesn't look ready for 124 short yet
[11:51] {goinshort} are you thinking down to 49.38 area on C?
01[11:51] {&Threei}  can't tell really... action is too slow for a clear read
01[11:52] {&Threei}  if nothing changes, I'd expect .40 to hold
[11:53] {+cc_9} C losing 49.60 bid :)
[11:55] {+cc_9} 10:18 cc_9 C is due for a fade
[11:55] {+cc_9} 10:19 cc_9 tgt unchanged, under 49.60
[11:55] {+cc_9} ;)
[11:55] {Alexs} WMT looks long again
01[11:58] {&Threei}  {WMT} I so don't...
[11:58] {Alexs} lol
[12:02] {dino} scty sm l .10
[12:05] {nemo} taking it long right up against vwap?
01[12:07] {&Threei} Long Setup:  FB  .80 break
[12:09] {Les} gld ready 124 b/d?
[12:10] {Alexs} stop .91?
01[12:10] {&Threei}  ?
01[12:10] {&Threei}  .69
[12:10] {Alexs} took it short by mistake
01[12:16] {&Threei}  1:1
[12:16] {dino} scty stop to .80
01[12:16] {&Threei}  now alex... if you covered at .73 and then took it long, that's luckiest mistake ever {G}
[12:17] {Alexs} no, just covered at .75
01[12:17] {&Threei}  ok... better than poke in the eye
01[12:17] {&Threei}  Les, took FB?
[12:17] {Alexs} lol
[12:20] {Les} yeh
01[12:20] {&Threei}  cool
[12:21] {Les} need to meditate haven't had time
[12:21] {Les} started contrarian play against you
01[12:21] {&Threei}  just not during open trade
[12:21] {Les} and then slapped myself
[12:21] {Les} and played it by the book
[12:21] {Les} thinking bad
01[12:22] {&Threei}  what is it about me that everyone wants to play against me...
[12:22] {Les} the bacon
01[12:22] {&Threei}  must be it
[12:22] {dino} scty to .14
[12:23] {Les} FB respecting the VWAP just overhead
[12:24] {dino} out scty .12, +1.02
[12:24] {RonS} gj
[12:24] {dino} ty
[12:24] {Les} nice
[12:28] {+cc_9} bored, gonna load up SIRI here and try to get 3.62
01[12:28] {&Threei} Long Setup:  SLW  .40 break
01[12:28] {&Threei}  .c .35
01[12:28] {&Threei}  If holds  .35
01[12:28] {&Threei}  just a scalp most likely
[12:32] {+cc_9} FB dumpathon
[12:33] {dino} lol
01[12:36] {&Threei}  http://dailycaller.com/2013/11/08/former-msnbc-host-rants-at-obama-on-twitter-after-health-insurance-plan-cancelled/
[12:41] {goinshort} out the C bounce
01[12:41] {&Threei}  nice'
[12:41] {Les} great one GS completely forgot about it
[12:46] {+cc_9} FB @ lows
[12:47] {Les} had the right idea. would have gotten stopped out as vad was cashing in though.
[12:47] {Les} timing is everything
[12:47] {Les} GLD what the frik ya doing here
01[12:47] {&Threei}  it so is
01[12:47] {&Threei}  les... look dcc pls
[12:53] {Les} small GLD short here
[12:53] {Les} dunno what its got but its been looking short some time now
01[12:54] {&Threei}  we did two shorts on it todasy, 1:3 and 1:2
01[12:54] {&Threei}  so certainly pays on a short time today
01[12:54] {&Threei}  short side
[12:54] {Les} ok
[12:57] {Les} 1:1 GLD
01[12:57] {&Threei}  wtg
01[12:57] {&Threei}  you were stalking it for a while
01[12:57] {&Threei}  way to stick with idea and time it right
[12:57] {Les} lol when a scalp is a reason to celebrate...
[12:57] {nemo} damn missed the mos breakout
[12:57] {+cc_9} offering .62/.63 SIRI then calling it a week
01[12:57] {&Threei}  why not, it's a quiet time on friday
[12:58] {Les} now hoping its fakout and runs back through .00 taking SLW with it
[12:59] {+cc_9} sold my .62s, all done here folks
[12:59] {+cc_9} you all have a great weekend and see you Monday :)
[13:00] {Will49} peace
01[13:00] {&Threei}  you too
[13:00] {Alexs} Les ruined our SLW trade
01[13:01] {&Threei}  he so did
[13:08] {Les} short short iwm .18 sotp hOd .27
[13:25] {Les} 2nd half GLD stopped
[13:25] {Les} IWM stopped
01[13:43] {&Threei}  (US) Fed's Lockhart: Cannot rule out a December taper, but there is some upcoming data that will still have some 'noise' - comments to reporters- Cannot draw too many conclusions from one month's jobs figures. If we saw convincing and sustained jobs growth it would move up the start of QE tapering. - Forward guidance can be a direct form of monetary stimulus - Hopeful fight on the budget in Congress will not have any permanent impacts
01[13:49] {&Threei}  this below must be taken from night time comedy show
01[13:49] {&Threei}  (US) President Obama: There is no question that the Govt shutdown hurt the US jobs market- Again urges Congress to pass a Farm Bill and Immigration reform bill. "I don't know what the hold up is." - Democrats and Republicans should work together on creating a responsible budget. Reiterates we should close wasteful tax loopholes, and invest in infrastructure, R&D, and education.
01[13:49] {&Threei}  "I don't know what the hold up is."?
01[13:50] {&Threei}  the most hands-off president of all times
[13:50] {dino} that guy is so full of **it
[13:51] {Les} think people seeing thru him now
[13:51] {Les} at least outside US
[13:51] {dino} about time
01[13:52] {&Threei}  I still have hard time underatanding how those inside haven't during last election
[13:52] {dino} blinded by govt payments, plus the news is so liberal biased it gives me the chills
01[13:53] {&Threei}  I understand it all in theory, dino...
01[13:53] {&Threei}  I just don't want to believe this is it
[13:53] {dino} i know you do
01[13:54] {&Threei}  because this is/was the last country on earth holding the fort
[13:54] {dino} i'm afraid it is it, usa is at tipping point
[13:54] {dino} when people realize they can vote themselves benefits, they do
01[13:55] {&Threei}  amazes me that no matter what you start with, you end up with socialism
01[13:56] {&Threei}  now I understand why nature put polar bears and penguins on opposite ends... penguins would have voted bears out of existence
[13:57] {dino} politics of envy
01[13:57] {&Threei} Short Setup: C  .90 break
01[13:57] {&Threei}  If holds  .95
[14:03] {thomcbell} steady market huh
01[14:03] {&Threei}  yeah
01[14:04] {&Threei}  slow afternoons this week
01[14:06] {&Threei}  die more C
01[14:06] {&Threei}  die harder
01[14:06] {&Threei}  fie faster
[14:06] {Les} die another day
01[14:06] {&Threei}  today would be better
01[14:06] {&Threei}  1:1
[14:07] {Les} goin the Pierce Brosnan angle
01[14:07] {&Threei}  :)
[14:07] {Les} you were gunnin for Willis
01[14:07] {&Threei}  notice how we adjust... yesterday and today, while far from stellar, are much better than first days of the week
01[14:08] {&Threei}  room long timers recognize the pattern - months of steady great performance, then a few days of shaky results as market changes and we adapt, then return to steady streak
[14:08] {Will49} come on steady streak
01[14:09] {&Threei}  {Steady Streak} I am right there, behind the corner... finishing last bottle
[14:09] {Les} yeh this time I am trying to keep cool and reduce risk while this shaky period occurs
[14:10] {Les} shorting indexes as the consolidate for new break ain't the brightest
01[14:10] {&Threei}  no... JBE is JBE
01[14:10] {&Threei}  for the most part it's a continuation setup
01[14:11] {&Threei}  fades occur here and therer, but as a rule, you trade with trend
[14:11] {Les} yeh 2nd entry, stop guessing the tops
[14:12] {Les} c potential DB?
[14:12] {Les} - ?
01[14:12] {&Threei}  not sure
01[14:12] {&Threei}  a bit too slow
01[14:13] {&Threei}  no rhythm to rely on
[14:13] {Will49} never rely on the rythm method
01[14:13] {&Threei}  no?
[14:14] {Will49} only in trading
06[14:14] * Les slaps Will49 around a bit with a large trout
01[14:14] {&Threei}  i hoped to spread the skull
01[14:14] {&Threei}  skill
[14:14] {Les} lol
[14:14] {Les} wondering whose skull you wanna crack open
01[14:15] {&Threei}  let me get the list
[14:16] {Will49} lol
01[14:17] {&Threei}  sheesh, that's a lot of typing
[14:18] {Les} hehe
[14:19] {Les} covering C here gotta daughter to taxi home brb
[14:21] {dino} cov c .84, +.05
[14:29] {Alexs} bby short .30 break?
01[14:30] {&Threei}  if no new highs...
[14:30] {nemo} looks long to me
01[14:30] {&Threei}  or you can try half lot on .35
01[14:30] {&Threei}  anfd then add half lot if breaks .30
[14:31] {Alexs} .35 looks too agressive to me
01[14:31] {&Threei}  half lor
01[14:31] {&Threei}  with 5 cents stop
[14:31] {Alexs} ok
[14:33] {nemo} well that's enough boredom for the day...have a good one
01[14:33] {&Threei}  take care
[14:35] {thomcbell} short sestup splk 60 break if holding 60.10
[14:40] {thomcbell} could be two sided on splk now
[14:41] {thomcbell} or a flat out leave alone
[14:41] {thomcbell} leaving it alone
[14:42] {RonS} outta here...have a good weekend everyone
01[14:43] {&Threei}  you too ron
01[14:51] {&Threei}  added half more
[14:52] {Alexs} yeah first half out at .25?
01[14:52] {&Threei}  thast's the idea
[14:52] {Alexs} ok
01[15:02] {&Threei}  finally
01[15:02] {&Threei}  1:1 for the first half
[15:02] {Alexs} hooray
01[15:02] {&Threei}  ..and threw their bras up in the air...
[15:03] {Alexs} lol
01[15:03] {&Threei}  see how this strategy pays off... with standard .30 entry we would still struggle
[15:03] {Alexs} yes now looks good
01[15:04] {&Threei}  initial risk was negligible, and even after getting up to full lot we had better stop level than with standard entry
01[15:05] {&Threei}  1:1 for second half
[15:05] {Alexs} 1/4 more out
[15:05] {dino} yy drop
[15:07] {Alexs} nice
01[15:07] {&Threei}  beaituful
01[15:07] {&Threei}  my a$$ is out
[15:07] {Alexs} nice play Vad ty
01[15:07] {&Threei}  yw
[15:08] {thomcbell} vad i dont even know what you did
01[15:08] {&Threei}  BBY? :)
[15:08] {thomcbell} ah
[15:15] {dino} yy sm l .55
[15:15] {thomcbell} nuan 15.57 long break if holding 15.48
[15:16] {thomcbell} small shares for me
[15:17] {dino} ctb spike
01[15:17] {&Threei}  Reminder: Fed Chairman Bernanke and Dallas Fed Pres Fisher to speak on the financial crisis at an IMF event at 15:30ET- Former Treasury Sec Summers will also be participating.
[15:18] {Alexs} next crisis?
01[15:21] {&Threei}  lol
01[15:21] {&Threei} Short Setup: GLD  124 break
01[15:21] {&Threei}  If holds  .10
[15:22] {dino} out yy .98 ave +.43
01[15:22] {&Threei}  wtg
[15:24] {dino} ty, but too soon
[15:24] {dino} thought it was pulling back, trades gappy
[15:25] {Alexs} change GLD to .15?
01[15:25] {&Threei}  not clear yet
[15:31] {dino} ctb drop
[15:34] {dino} sm l .25
[15:36] {dino} stop .97 -.28
[15:36] {dino} sm l .51
[15:38] {dino} out 23.70, +1.19
[15:38] {Will49} wow
[15:39] {Les} sm short GLD .28 holding the DT as stop
[15:39] {dino} pulp defined
[15:39] {Will49} gutsy
[15:39] {Will49} i think
[15:42] {dino} 4.50 pt drop (16%) in minute or two, probabilities say something has to give
[15:43] {dino} and will, don't forget what business we're in
[15:43] {dino} "risk is our business"
[15:43] {Will49} yeah
[15:43] {Will49} risky is relative, no?
[15:44] {dino} remember this one; "fortune favors the bold....and darkness lies one step ahead"
[15:44] {Will49} hmmm
[15:44] {dino} or "money lies on the other side of fear"
[15:44] {Will49} well...that's me
[15:45] {dino} got out too soon, up another .60
01[15:45] {&Threei}  and sometimes it rains
[15:45] {Alexs} have you ever tried to rob a bank dino?
[15:47] {Will49} he's trying to remember
[15:47] {Alexs} lol
[15:47] {dino} lol, if i had i wouldn't be talking w/you guys
01[15:48] {&Threei}  we did it together alex. Our mistake though was taking nemo with us, who decided it would be fun to start shooting out all the bulbs in the store across thre street... got us some unwated attention
[15:48] {Alexs} :)
[15:48] {Les} never figured on you taking nemo
[15:48] {Les} always thought him a rape and pillage guy
01[15:49] {&Threei}  that was what we planned to do
[15:49] {Alexs} rofl
[15:49] {dino} well, in a fight, i want nemo on my side
01[15:49] {&Threei}  believe me, you do
[15:51] {Will49} have nice weekend everyone
01[15:51] {&Threei}  ok guys
01[15:51] {&Threei}  thank you all
01[15:51] {&Threei}  good end to the uneven week
01[15:51] {&Threei}  have a great weekend
01[15:51] {&Threei}  we will get them on Monday
[15:52] {dino} thx all, nice way to end it
[15:57] {Les} GLD coverd flat
[15:57] {Les} a+