Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Markets Frozen in Neutral

- Tepid markets were the rule this week, as the DJIA racked up its second consecutive week of losses while the S&P500 eked out a small gain. European markets slid sideways and Asia equities saw some pretty steep losses. There were no surprises in the BoE or the ECB rate decisions and the FOMC minutes were pretty much as expected. Friday's US payrolls report was perplexing, as the headline NFPs fell wide of expectations and well below recent performance at +74K even as the unemployment rate fell to 6.7%. In Europe, peripheral nations held very successful debt auctions even as unemployment rates in core states hovered near all-time highs. For the week, the DJIA slipped 0.2%, the S&P500 gained 0.6% and the Nasdaq rose 1%.

- There was plenty of controversy over the December jobs report. The economy added 74K jobs in December, the lowest increase in a year and a half and well short of the 197K expectation. On the other hand, the unemployment rate dropped to 6.7%, for the lowest rate since October 2008. The NFP miss was hard to explain away, while the material decline in the unemployment rate spurred plenty of debate. Factors behind the discrepancy have been chalked up to weather effects, a plummeting participation rate, and the impact of the run-off in unemployment insurance benefits, among other things. Various commentators opined that the jobs report alone was unlikely to alter Fed's course on tapering QE.

- The minutes from the FOMC's landmark December decision to taper QE asset purchases were released on Wednesday. The minutes showed the FOMC is looking to take a cautious approach to the taper and focus on preventing asset bubbles. Some committee members expressed concern about the potential for an unintended tightening of financial conditions if a reduction in asset purchases was misinterpreted as a signal the Fed would tighten rates sooner. There was little interest in changing thresholds for raising interest rates, as a change could undermine the credibility of the FOMC's forward guidance.

- Chinese equity markets fell for a second consecutive week. Analysts say the declines have been exacerbated by the resumption of IPOs in China after a year-long suspension. Importantly, the pricing of IPOs is no longer capped, allowing investors to dump in funds in expectation of a healthy pop on the first trading day, leading to billions of yuan periodically locked up in this part of the market, worsening the liquidity crunch. The first two IPOs, selling a combined CNY932 million, launched on Wednesday and were both over 100x oversubscribed, resulting in a massive CNY128.2 billion in funds being frozen. Fifty companies are set to come to market in China this month alone, including a record 18 next week.

- In other China news, the NDRC said it would allow local governments to restructure debt by selling bonds. Recall that at the very end of December, a government audit showed a big increase in local government debt, with local and central government debt rising to 37.1% of GDP in June 2013 from 34.1% in 2010.

- Liberty Media has revised its relationship with subsidiary Sirius XM by announcing its goal to acquire the shares in the satellite radio provider it doesn't already own. The non-binding offer is to pay a tiny premium to the closing price of Sirius when the offer was made of about $3.68 per share. Press sources suggest the Liberty offer for Sirius may be a prelude to a formal offer for Time Warner Cable via Charter Communications. Back in mid-December, Charter was said to be preparing a "bear hug" offer for Time Warner valued under $135/share, well below the $150/share it reportedly desires.

- Alcoa unofficially kicked off earnings season on Thursday. The firm's adjusted earnings were a bit subpar but revenue looked good, although traders do not seem impressed that the firm's FY14 global aluminum demand forecast remains unchanged at +7% from the FY13 forecast. Shares of AA fell more than 5.6% in trading on Friday.

- US retail names disclosed December and holiday season same-store sales reports this week, in addition to a few poor quarterly reports. On the whole, the picture was ugly, with slumping comps rationalized by appeals to intense competition for sales, unenthusiastic consumers and tough comparisons to a year ago. Tiffany and Macy's were the exceptions to the terrible holiday results from retail, with holiday SSS +6% and 4.3%, respectively. Target disclosed that more data was stolen in the December security breach than originally thought, including names, mailing addresses, phone numbers or email addresses for up to 70 million individuals, separate from payment card data.

- Shares of trucker YRC Worldwide fell more than 30% this week as the Teamsters voted down a new contract with drivers that would have cut salaries by 15% in order to help the company restructure its debts and stay out of bankruptcy. While the implosion of the contract will not necessarily mean bankruptcy, the company - which cancelled talks with lenders - will likely have to sell assets, consider strategic options, and go back to the Teamsters with a new offer.

- Both the BOE and the ECB left interest rates unchanged in their respective policy decisions on Thursday. In his post-rate decision press conference, ECB President Draghi shared even more dovish rhetoric in his continuing quest to force down money market rates and prevent more deterioration in the inflation outlook. EUR/USD moved lower as the press conference wore on but downside momentum was limited with no material changes in policy on tap. All in all, dealers seemed a bit perplexed that the euro did not sell off more. The BOE did not issue a statement after its decision, although earlier there had been some speculation that Governor Carney would amend forward guidance by changing the unemployment benchmark to 6.5% from 7.0%

- Now that they have exited their bailouts, Spain and Ireland held successful bond auctions this week. Spain sold €5.29 billion of new 2019 bonds and existing paper maturing in 2028. The yield on the five-year paper averaged 2.38%, a record low level. Orders for Ireland's 10-year bonds hit €14 billion, almost four times the €3.75 billion actually sold. Portugal is ready to exit its bailout in May, and the nation's debt agency received approximately €11 billion in orders for five-year notes at auction on Thursday, eventually selling €3.25B at 4.66%. Peripheral spreads fell notably following the auctions, with the 10-year Irish/German spread falling to 135 bps, its narrowest level since April 2010. The 10-year Spanish/German spread was around 180bp, the tightest since April 2011. Meanwhile, Italian and Greek December unemployment levels hit fresh record highs at 12.7% and 27.8%, respectively, while Eurozone unemployment hit 12.1%, just a hair below record highs.

TradeTheNews

Jan 10 2014

Another quiet day as market wasn't sure what it wanted to do, what with unsettling job numbers and all. Finished about flat, thanks to the 1:3 play on HAL that compensated for some stops earlier. Overall, nicely positive week thanks to the first three days.


Session Close: Fri Jan 10 00:08:58 2014


[08:22] {nemo} Alan Farley @msttrader Goldman upgrades TGT to "buy" and TGT lowers Q4 guidance one hour later. Absolutely priceless.
[08:23] {nemo} Guess Goldman has to get out of a position
01[08:51] {&Threei}  well, sometimes it's just incompetence or a bad luck
[08:52] {nemo} nice of u to grace us with your presence
06[08:52] * &Threei slaps nemo around a bit with a large presence
06[08:53] * nemo parrys with a wise ass retort: "missed"
01[08:53] {&Threei}  weak... but thsat's OK, I'll write it off as morning warm-ip
[08:54] {nemo} yeah, looks like your typing fingers are still cold
01[08:54] {&Threei}  fungers?
01[08:54] {&Threei}  ummm... lol
[08:54] {nemo} eqzaktly
[09:01] {thomcbell} gm
[09:02] {RonS} hello gents
01[09:02] {&Threei}  tbell, ron :)
01[09:04] {&Threei}  347K people just walked away from labor force
01[09:05] {&Threei}  how's that work?
01[09:05] {&Threei}  they all went to underground market? mars? venus?
01[09:05] {&Threei}  they do need to live somehow, don't they
[09:06] {RonS} ...on the dole...
01[09:06] {&Threei}  is it really that big that they can just decide now to work?
01[09:06] {&Threei}  now = not
[09:08] {RonS} the economists will say the it is demographic...baby boomers retiring
[09:10] {nemo} Europe is up pretty big
03[09:15] * Retrieving #discussions modes...
[09:20] {fish_49} friggin news was great we need the markets to get on tune with a better economy and less help from uncle same  What the heck
01[09:20] {&Threei}  C tries to form inverted C&H
01[09:20] {&Threei}  hey fish, welcome back
[09:20] {fish_49} ty
01[09:21] {&Threei}  these days no one can tell good news from bad anymore
[09:21] {fish_49} pissing me off
[09:21] {fish_49} this was good  very good news
[09:21] {RonS} what was?
01[09:21] {&Threei}  price of intervention in the market process... market reactions get dostorted
[09:22] {fish_49} Now we need Yellin  to cut the spending 100% so w can just get back to normal
[09:22] {fish_49} lol
[09:22] {fish_49} that happened so fast this morning  I didn't get in any futures short or long
01[09:22] {&Threei}  yeah... when it come to spending cuts, she is just the man for the job...
[09:22] {fish_49} hit so damn fast all bells going off on my pc  lol
[09:22] {fish_49} hahahahahah
[09:23] {fish_49} that's bad Vad  treat her like the lady she is
[09:23] {nemo} mmmmhhhh....wife service you last night fish?
[09:23] {fish_49} no  I told her I had a head ache
01[09:23] {&Threei}  lol
[09:23] {fish_49} Love U Nemo
[09:24] {nemo} seek professional help immediately
[09:25] {fish_49} frioggin dollar falling like the rates have already been increased wtf
01[09:25] {&Threei}  two setups shaping up for the open so far, see of you like any, to take if happens too fast for me to call:
01[09:25] {&Threei}  C short on .95 break
01[09:25] {&Threei}  GDX long on .70 break
[09:27] {thomcbell} mu got a nice initiation with 31 target today
[09:27] {thomcbell} im looking for a buy setup to emerge
[09:28] {thomcbell} who is John GALT?
[09:29] {thomcbell} Look at that bugger
[09:29] {ese} morning
01[09:29] {&Threei}  ese :)
01[09:29] {&Threei}  canadian dollar is prettier each day
01[09:30] {&Threei} Short Setup: C  .95 break
01[09:30] {&Threei}  If holds  .05
[09:30] {fish_49} yea Screw the C dollar  it took 200 bucks from me yesterday afternoon on a short.  Took out my stop and then decided to do just want I thought it would do
[09:31] {fish_49} I cant trade any equities  for a couple weeks  but  I will stay in the room and give nemo a hard time while I trade Futures
01[09:31] {&Threei}  yesteday was a bit choppy
[09:32] {nemo} stop picking on me
01[09:32] {&Threei}  ok C, die
01[09:32] {&Threei}  1:1
[09:32] {ese} what vehicle are you using to trade the C dollar fish?
[09:32] {dino} sheesh, another 5" snow here
01[09:32] {&Threei}  yikes
01[09:33] {&Threei}  1:2
01[09:33] {&Threei}  taking revenge for you, fish
[09:33] {ese} you need to move here dino.....that snow is putting a dint in your golf game
[09:33] {fish_49} Futures  @CD
01[09:33] {&Threei}  ese, look at FXC for that...
[09:33] {fish_49} Im using Trade Station
[09:34] {fish_49} I don't trade pairs  Just the futures
[09:34] {ese} tks
[09:34] {dino} indeed
01[09:36] {&Threei} Long Setup:  GLD  .85 break
[09:37] {dino} wow icpt up another 180 pts again
01[09:37] {&Threei}  If holds  .75
01[09:38] {&Threei}  SLW spikes but GDX is still there...
01[09:39] {&Threei}  Invalidated  GLD
[09:39] {thomcbell} monster call on F nemo or dino
[09:39] {nemo} dino
[09:39] {thomcbell} just grinding up
[09:40] {+cc_7} gm traders
[09:40] {+cc_7} The U.S. economy created 74,000 jobs in December, while the rate of unemployment stood at 6.7 percent. Economists had expected 200,000 jobs to be created, with the unemployment rate holding steady at 7.0 percent.
[09:41] {+cc_7} U.S. stocks tallied modest gains at the start on Friday, as the December-payrolls report came in significantly below expectations, signaling weakness in the labor market.
01[09:41] {&Threei}  morning cc
01[09:42] {&Threei}  speaking of labor participation, look at this chart: https://pbs.twimg.com/media/Bdn2i3uCIAANwjq.png
[09:43] {fish_49} so perhaps  payroll drop with lower unemployment rate would mean the jobs created were Christmas Seasonal jobs?
[09:44] {robbers} Out C in full now, thanks Vad.
01[09:44] {&Threei}  :)
01[09:44] {&Threei} Long Setup:  TGT  .15 break hl
01[09:45] {&Threei}  If holds  63
01[09:46] {&Threei}  meh
[09:48] {thomcbell} fb is madness
[09:48] {dino} 350k dropped out of work force, govt manipulation of labor report
[09:48] {ese} hey dino ...i've read the synopsis of icpt  yesterday....don't understand a word of what they've developed.....do you know what it is?
[09:49] {dino} no, but must be good
01[09:49] {&Threei}  lol
[09:49] {nemo} musicians.........
[09:49] {dino} ironically every other boitech is flying w/them, hmmm
[09:49] {ese} lol
[09:49] {dino} bio-tech
[09:49] {nemo} biotechs have been flying lately...late stage sign
[09:51] {dino} cuda sm l .99
01[09:52] {&Threei}  watching FB for long entry on pullback
[09:55] {thomcbell} mu looks like a short setup
01[09:55] {&Threei}  if you had patience for GDX, 1:1
01[09:56] {&Threei} Long Setup:  FB  .60 break
01[09:56] {&Threei}  If holds  .50
[09:56] {thomcbell} btu takeover chatter - definitely a fade if it gets high enuf
01[09:59] {&Threei}  *(US) JAN IBD/TIPP ECONOMIC OPTIMISM: 45.2 V 46.0E
01[10:00] {&Threei}  no go
01[10:00] {&Threei}  *(US) NOV WHOLESALE INVENTORIES M/M: 0.5% V 0.4%E; WHOLESALE TRADE SALES M/M: 1.0% V 0.7%E
[10:00] {dino} aegr smr l .00
01[10:02] {&Threei} Short Setup: JPM  .35 break
01[10:02] {&Threei}  If holds  .42
[10:03] {dino} out cuda .60, +.61
01[10:03] {&Threei}  1:1
01[10:03] {&Threei}  wtg dino
[10:04] {dino} ty
[10:04] {fish_49} cud oes on cuda  Dino  
[10:04] {fish_49} lol
[10:05] {dino} aegr stop -.35
01[10:05] {&Threei}  fish caught roninities
[10:05] {fish_49} let me google that
01[10:06] {&Threei}  ron, what a monster you unleashed on the world
01[10:06] {&Threei}  won't help fish... it's speicific to thios room... courtesy of ron
01[10:07] {&Threei}  GDX 1:2
[10:07] {fish_49} ahhhhh  I think I understand  I thought it was Will that had the strange words  lol
[10:07] {fish_49} speaking of Will where is he?
01[10:07] {&Threei}  Maui
[10:07] {fish_49} ohhhh  lucky b
01[10:07] {&Threei}  we hope polar vortex spreads there
[10:08] {fish_49} hahahahahahahaha  that's bad  he comes back with frost biten feet
[10:08] {fish_49} lol
[10:09] {fish_49} Shit  even the Japanese Yen woke up today
01[10:10] {&Threei}  out GDX in full
[10:10] {fish_49} {--- slaps Aussie Dollar with Isaac Newton Text book
01[10:18] {&Threei}  FB rinsed
01[10:18] {&Threei}  dirty rotten scoundrel
01[10:26] {&Threei} Short Setup: FCX  .70 break
01[10:27] {&Threei}  If holds  .80
[10:28] {dino} aegr smr l .62 ave
01[10:28] {&Threei}  (US) President Obama to nominate Fischer, Brainard and Powell to the Fed later today- As previously speculated Fischer is Obama's choice to fill the post of Vice Chairman vacated by Yellen. **Note: Stanley Fischer is the former Israel Central Bank Governor (not to be confused with Dallas Fed Pres Richard Fisher).
[10:29] {nemo} yum
01[10:29] {&Threei}  can you imagine what high scool was for the guy with name Brainard?
[10:30] {RonS} lol
[10:30] {nemo} algo:  http://imageshack.com/a/img607/3931/1n04.jpg
01[10:30] {&Threei}  (US) Goldman Sachs Economist Hatzius: Today's jobs report is weak, however other indicators remain strong- End of unemployment insurance for many jobless Americans could have had an impact on the unemployment rate.
01[10:31] {&Threei}  (US) Fed's Lacker: Should not overreact to one month's data as a general principle, takes a few quarters to determine any sustainable adjustment in trends- Expects another $10B taper at the January meeting (similar to Dec meeting)
[10:33] {ese} nemo.....didn't know this existed...in all the years i've been using intelliscan trade ideas i'd never seen the vwap scan......do you use intelliscan and have you used the vwap scan
[10:34] {nemo} no, but I think it's been there awhile...I would want to set it to signal when within .15% of vwap on stocks over a certain ATR and volume, can't do that
[10:35] {ese} ;)
01[10:36] {&Threei}  oh boy... https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-ash3/1512588_844909345538520_1850050637_n.jpg
[10:36] {nemo} that's what I'm trying to get the guy to implement on that algo
[10:36] {ese} bizzare thing is...don't know how many times i've looked at those alerts i'd never seen it.....or just don't remember seeing it.....
01[10:36] {&Threei} Short Setup: FCX  .80 break
01[10:36] {&Threei}  If holds  .85
[10:37] {ese} now that was funny
01[10:41] {&Threei}  meh
[10:42] {nemo} with metals strong, hard for it to go
01[10:48] {&Threei}  LOL:
01[10:48] {&Threei}  ICPT continues to follow the Teenage Boy chart pattern: ready to go again 10 minutes after climax/crash
[10:55] {ese} gt goin nuts
[10:57] {thomcbell} mu 23.51 long break
[10:57] {thomcbell} if holding 23.40
06[11:09] * dino slaps goinshort around a bit with a large trout
[11:09] {dino} opps, fat finger
[11:09] {dino} smr l aegr .00
[11:13] {fish_49} I like that nick name  The Next Tick
[11:15] {RonS} interesting aegr only 3 blocks traded...
06[11:18] * _thenexttick accepts the drink and looks other way
[11:18] {fish_49} lol
[11:18] {RonS} what's up w/ cc?...the silence is unnerving...
[11:18] {nemo} new CC
[11:19] {nemo} notice it's "7" not "9"
[11:19] {RonS} wish it was 7 of 9...
[11:19] {nemo} dino does too
[11:20] {fish_49} why not cc ten?
[11:20] {RonS} 'cause 10 will get you 20?
[11:20] {nemo} depends on the country
[11:20] {nemo} not in Thailand
[11:23] {fish_49} I see where is the new CC from?
[11:29] {RonS} the land?
01[11:29] {&Threei}  as we remarked yesterday, ccs are ranked invertedly
01[11:29] {&Threei}  the lesser number the higher rank,
01[11:30] {&Threei}  where cc1 rules them all while cc0 lives on the cloud
[11:30] {fish_49} Wow  so we have a high ranking CC now
[11:31] {nemo} yeah, we needed more adult supervision
[11:31] {fish_49} lol
[11:31] {RonS} but cc rider rules:  http://www.youtube.com/watch?v=j9eWGdJIW74
[11:31] {fish_49} CC9 was a great trader without him we wouldn't have BTFD or Toad  he was the toad  right?
[11:32] {fish_49} Wow  ron that dates you
01[11:32] {&Threei}  nah, BTFD came many months ago from yuotube spoof video
[11:32] {fish_49} ahhhhh
[11:32] {fish_49} It came in during the time I was not trading
[11:32] {nemo} years ago actually
01[11:32] {&Threei}  and otad, well... toad was the product of my typing
01[11:33] {&Threei}  when instead of "down the road" I typed "fown the toad"
01[11:33] {&Threei}  which in turn led to "hold down the toad"
[11:33] {fish_49} lol  good Vodka day  perhaps
01[11:33] {&Threei}  which quickly became unseemly :)
[11:34] {fish_49} when I see toad  I think of Nemo
[11:34] {RonS} lol
[11:34] {nemo} interesting
[11:34] {fish_49} I explained that  right?
[11:34] {nemo} no
[11:34] {nemo} pray, tell
01[11:34] {&Threei}  SPY crashola in progress
[11:35] {fish_49} thanks for song Ron  it's been a long time
01[11:36] {&Threei}  (US) House majority leader Cantor (R-VA): expect to pass a short term continuing resolution next week to keep the govt open until Jan 18th
01[11:36] {&Threei} Long Setup:  GLD  120 break
01[11:36] {&Threei}  If holds  .90
[11:37] {thomcbell} fcx sneaky
[11:37] {nemo} metals have been strong today
[11:39] {thomcbell} now that typical AA garbage out the way
[11:40] {thomcbell} vad mu rising in agony today
01[11:41] {&Threei}  sloooow today...
01[11:41] {&Threei}  usually MU offered us faster moves
01[11:41] {&Threei}  Compared to using IRS against political opponents, closing traffic lanes is jaywalking
01[11:41] {&Threei}  http://online.wsj.com/news/articles/SB10001424052702304347904579310832305028924
[11:41] {fish_49} I know Nemo  pronounced Knee Mo   but back when I first learned about nematodes I pronounced it Nemotoads
[11:42] {fish_49} http://www.youtube.com/watch?v=X1YiIiPUQR8
01[11:42] {&Threei}  oh boy... lol
[11:43] {fish_49} I used nematodes  to kill Japanese beatle larva in the yard
01[11:43] {&Threei}  TSLA Ticks lower on circulation of a Twitter report that the press will highlight mechanical problems in an upcoming report
[11:45] {RonS} channeling cc...aegr gets past 65 it's lights out...hmm...his verbiage more exciting
[11:45] {dino} still in from 64
01[11:45] {&Threei}  no go GLD
01[11:46] {&Threei}  another jab trade day
[11:47] {thomcbell} mu 1:1
[11:47] {thomcbell} if anyone did it
[11:47] {thomcbell} ages ago
[11:49] {RonS} UPDATE: Tesla's Model S Being Probed by US Following Battery Fires, Co. Says No Fires Have Been Caused by Its Components
[11:49] {RonS} ...welcome to the Borg...
01[11:50] {&Threei}  lol
[11:52] {RonS} hi mr Rogers...
01[11:56] {&Threei} Short Setup: WMT  .75 break
01[11:57] {&Threei}  If holds  .85
[11:59] {RonS} LivingSocial CEO to resign later this year...and go into seclusion?
[11:59] {dino} corn spike, odd
01[11:59] {&Threei}  sounds logical
01[12:03] {&Threei}  Invalidated
[12:04] {fish_49} Goodbye Corn  sorry I missed your departure
[12:04] {thomcbell} mu flat
[12:06] {dino} out aegr .82, =.82
01[12:06] {&Threei}  nice
[12:06] {dino} +, ty
01[12:06] {&Threei}  first world problem, cry for help in photography-related stream:
01[12:07] {&Threei}  Hi all,
01[12:07] {&Threei}  I've been looking for a tripod the last few days. I'm a little frustrated by the sheer number available
01[12:07] {&Threei}  poor thing
[12:07] {RonS} tell him to call the O...the choice will narrow to two...
[12:08] {RonS} and cost 4x as much
01[12:08] {&Threei}  lol
01[12:08] {&Threei}  but might be provided for free
01[12:08] {&Threei}  if he says he can't afford it
[12:08] {RonS} if qualify for a govt enslaving subsidy...
01[12:13] {&Threei} Short Setup: GLD  .90 break
01[12:13] {&Threei}  and this is my last attempt for today to squeeze something out of it
[12:18] {thomcbell} armhbig volume down here
[12:18] {thomcbell} armh
[12:23] {Les} gm
01[12:23] {&Threei}  hey Les
01[12:23] {&Threei}  frikin GLD
[12:23] {nemo} you're this late...take the rest of the day off
[12:24] {Les} unless the market starts to offer some trend... yeh likely staying on the side
01[12:28] {&Threei}  trends are in short supply today
[12:29] {RonS} ...but of course...US Justice Department to recognize recent same-sex marriages in Utah despite state putting its own recognition on hold
[12:29] {Les} can be good as the indicators work well in chop but let's see what comes along
01[12:45] {&Threei}  IMF's Lagarde: Gold may lose its role as a safe-haven investment
01[12:45] {&Threei}  where were you when it was 1950
[12:45] {RonS} timely...
01[12:46] {&Threei}  value added
01[13:02] {&Threei} Long Setup:  HAL  .10 break
01[13:02] {&Threei}  If holds  .05
01[13:16] {&Threei}  what does it take to get anything going today?
[13:17] {fish_49} beat up nemo  see if that works
01[13:17] {&Threei}  to quote will, you go ahead and I'll be behind you until your nose bleeds
[13:18] {fish_49} I wasn't gonna do it  I was gonna ask Les to do it
01[13:19] {&Threei}  so we will be behind les together
01[13:19] {&Threei}  timing measurement is the same
01[13:19] {&Threei}  ok HAL... 2 cents more please
01[13:20] {&Threei}  half out .19
01[13:20] {&Threei}  stop to .09
01[13:22] {&Threei}  weather forecast is gloomy for the next few days - a lot of rain and wind
01[13:22] {&Threei}  who feels like visiting will in Maui
01[13:23] {&Threei}  just pop up on his porch and ask whether we can have the coah for the night
01[13:23] {&Threei}  next thing he knows, we take whole house and don't leave for two weeks
06[13:53] * &Threei kicks HAL in the butt
[14:02] {Les} s gld
[14:02] {Les} .23 holding .30
01[14:02] {&Threei}  I swore off GLD for today
01[14:02] {&Threei}  good luck to you, maybe you have better connection with it
[14:02] {Les} sounds like you offending it
[14:02] {Les} offended
01[14:03] {&Threei}  could be
[14:03] {Les} let's see what game it plays
01[14:03] {&Threei}  maybe I shpuldn't have called it "disgusting deceptive worm in the bowels of inveting community"
[14:03] {Les} yeh that'll do it
[14:03] {fish_49} that will do it every time
[14:04] {fish_49} that and a son of a horse is  pretty bad
06[14:04] * &Threei make s anote to rethink his communication habits
01[14:07] {&Threei}  wait... I didn't say worm... I said slug
01[14:07] {&Threei}  any better?
[14:08] {fish_49} slugs are havemore slime
[14:08] {Les} I think worms are useful creatures. not sure what benefit slugs provide except food
01[14:11] {&Threei}  1/4 more out HAL
01[14:11] {&Threei}  stop to .14
01[14:16] {&Threei}  to .19 now
[14:19] {Les} FB looking cup and handle
[14:19] {Les} with 58 treigger here
[14:19] {Les} long .05 if holding .95?
01[14:20] {&Threei}  well, chart wise yes
[14:20] {Les} but...
01[14:20] {&Threei}  odds of it working at this time of the day, Friday, are somewhat impaired
01[14:20] {&Threei}  so, how about compromise
01[14:20] {&Threei}  yes but hl
01[14:21] {&Threei}  also, if it works, you are obliged to punch nemo in the nose
[14:21] {nemo} good luck with that
01[14:22] {&Threei}  {--- seeking cheap entertainment
[14:22] {thomcbell} rvbd 19.90 break
[14:22] {Les} aah confirmation that I wasn't talking to Nemo
[14:22] {Les} I had my doubts
[14:22] {thomcbell} doing small shares but pattern is sound
[14:22] {nemo} vxx might be a good idea here, figure some insurance buying for the weekend coming
01[14:24] {&Threei}  Les
01[14:25] {&Threei}  maybe a better idea is aggressive entry
01[14:25] {&Threei}  let it lose .95
01[14:25] {&Threei}  and let's try to get an entry afdter shakeout
[14:25] {Les} i c it
01[14:26] {&Threei}  from under .90 on recross
01[14:27] {&Threei} Long Setup:  FB  .90 break
01[14:27] {&Threei}  If holds  .85
[14:28] {thomcbell} hal really good one vad
[14:28] {thomcbell} couldnt get my arms around the entry while you were doing it
01[14:29] {&Threei}  grrr FB
01[14:29] {&Threei}  lost uptrend support line
[14:29] {Les} all in GLD can't buy FB
[14:29] {Les} saved my ass
01[14:30] {&Threei}  well, 5 cents stop is hardly ass-saving/destroyng
[14:30] {Les} true
[14:30] {fish_49} ass wipe'n?
[14:30] {Les} hehe
01[14:30] {&Threei}  but yes, working GLD is better than non-working FB
[14:30] {Les} call me tight ass
[14:30] {nemo} stop calling Les names
[14:30] {nemo} even if it's true
[14:31] {nemo} well, minus the "'n"
[14:31] {Les} the weekend will be boring without you
[14:31] {Les} half off gld .16
01[14:32] {&Threei}  HAL approaches 1:3
[14:32] {fish_49} fb is sf  (Shit Face)
01[14:32] {&Threei}  who would have thought this slow thing will worm its way that far
[14:32] {Les} http://www.theguardian.com/environment/2014/jan/10/polar-vortex-us-mild-weather-scandinavia
[14:32] {Les} bears already out our way up north
01[14:42] {&Threei}  1:3
01[14:42] {&Threei}  out
01[14:43] {&Threei}  funnily, the best trade of the day
[14:43] {nemo} funnily
[14:45] {Les} ay ay ay gld where has they volatility gone...
[14:45] {Les} thy
[14:46] {nemo} hey Vad...think your gld short is setting up
06[14:46] * Les slaps nemo around a bit with a large trout
[14:46] {Les} oooh that felt good
[14:47] {Les} BAFTA whistleblower says judges vote for films they haven't even seen...
[14:47] {Les} Now my faith in humanity is broken
[14:48] {Les} HAL DT?
[14:48] {Les} short .35?
[14:49] {goinshort} Nice call on HAL  - V !!!
[14:49] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/CornTrade_zpsbef2d40c.jpg.html
01[14:49] {&Threei}  gs :)
01[14:50] {&Threei}  welcome back btw, haven't see you in couple months
[14:50] {fish_49} That is the corn trade I missed today  talking on phone and missed it
01[14:50] {&Threei}  not sure, about short Les
01[14:50] {&Threei}  this slow climb that hasn't turned into spike doesn't inspire much on a short side yet
[14:50] {goinshort} good to be back -
01[14:51] {&Threei}  :)
[14:51] {Les} ok
[14:51] {Les} wow GLD!!!!!!!!!!
[14:51] {nemo} thought it was setting up
[14:51] {Les} quarter off
01[14:52] {&Threei}  well, les nailed it better than I did - probably I really dshould rethink the insults toward stocks
[14:53] {Les} forgot to ask vad
[14:53] {Les} the lovely russian ladies
[14:53] {Les} am I allowed to smile at them?
[14:53] {Les} or is that a no no too
01[14:53] {&Threei}  if there is a burly russian guy next to her, beter count your teeth before you do
[14:54] {fish_49} lol
[14:54] {thomcbell} rvbd 1:1
01[14:54] {&Threei}  wtg tbell
01[14:54] {&Threei}  that was a good setup
[14:55] {Les} hehehe lot o russian ladies show up on their own to the place i work. why I ask
01[14:55] {&Threei}  it all depends on how long she spent abroad
[14:55] {Les} so smile culture is similar for women too
01[14:55] {&Threei}  the longer she is out of russia the more she inclined to take your smile as any westerner would
01[14:56] {&Threei}  if she is fresh from russia, your smile will be perceived in a meaningful way
01[14:56] {&Threei}  "he is hitting on me"
01[14:56] {&Threei}  or "something is wrong with my clothes"
[14:57] {Les} I can help with that
01[14:57] {&Threei}  or "he is mentally deficient"
[14:57] {fish_49} new term  FFR  Fresh From Russia
[14:57] {Les} I'll play to no.3 if helps fixing problem with no.2
[14:58] {Les} no E5 yet
01[15:04] {&Threei}  word to the wise Les, be doubly careful with them
01[15:05] {&Threei}  you may see it as a meanigless quickie, she will see it as her way to the west, and you won't get her claws out of you easy
01[15:05] {&Threei}  as they say, once a woman gives you her heart, it's almost impossible to get rid of the rest of her {G}
[15:06] {fish_49} If a Quickie  Tell hr your name is Nemo
[15:11] {Les} lol
[15:11] {Les} vad and fish
[15:12] {dino} aegr sm l .97
[15:20] {dino} out aegr .91, +.91
[15:20] {fish_49} nice
[15:20] {dino} opps, +.94
[15:20] {dino} ty, lucky
[15:21] {Les} lucky is back hey... gj
[15:21] {dino} hope so, ty
[15:28] {Les} vxx getting kicked to the curb. but might bounce here
01[15:29] {&Threei} Short Setup: SLW  .25 break
01[15:29] {&Threei}  If holds  .35
[15:34] {Les} we summer trading?
[15:35] {RonS} for you since it's summer in Auzzie land...
[15:35] {dino} feels that way les
[15:38] {dino} aegr keeps going
[15:38] {dino} could've had 2 bucks
[15:40] {Les} gld  says up
[15:40] {Les} short covering?
[15:40] {Les} whatever
[15:41] {RonS} dino, if you shorted the first long you could have had $7
[15:42] {nemo} looks like Monday gap up
01[15:44] {&Threei}  I don't know... SPY up whole 37 cents
01[15:44] {&Threei}  it's just meaningless
01[15:45] {&Threei}  anything can happen Mon morning
[15:45] {nemo} top of range
[15:45] {Les} yeh...
[15:45] {Les} Nemo might decide to stay in bed.
[15:45] {Les} check into mental asylum
[15:46] {fish_49} lets check with GS trade floor  see what they think
01[15:46] {&Threei}  he doesn't have to check
01[15:46] {&Threei}  they have permanent pass for him
[15:46] {Les} gld trail stop off to bed bon weekend
01[15:46] {&Threei}  enter at will
[15:46] {Les} hehe a+
01[15:46] {&Threei}  I asked him to get the same for me
[15:46] {Les} what u talking about?
[15:46] {Les} you own the place
01[15:46] {&Threei}  but no, he wants to be the only one with that honor
[15:47] {fish_49} Where is Alex?
[15:47] {Les} oh, thought we talking about this room
01[15:47] {&Threei}  spending his share still, I guess
[15:48] {dino} feels that way nemo
[15:49] {fish_49} Have a great weekend guys see ya next week
01[15:49] {&Threei}  you too fish
[15:49] {nemo} tight range this week, pivots will be real tight just like bollingers
[15:50] {dino} syk spike
[15:51] {thomcbell} good weekend all
01[15:51] {&Threei}  ok guys, thank you all
01[15:52] {&Threei}  have a great weekend, see you Monday
[15:52] {dino} nemo, check out todd harrison charts on his minyanville post today
[15:53] {dino} hmm guess not
[15:57] {goinshort} Thanks V !!!
[15:57] {&Threei}  :)

Jan 09 2014

Jab exchange with the market for the first half of the day - win one, lose one. We were running slightly in the red up to the last couple hours when we finally hooked 1:2er on P ans 1:3er on FB, and got ahead. Glad to continue with no losing days.


Session Time: Thu Jan 09 00:00:00 2014

[09:04] {RonS} gm...cc down a couple of notches...
01[09:04] {&Threei}  morning ron
01[09:04] {&Threei}  no, it's up
[09:05] {nemo} ?
01[09:05] {&Threei}  ccs are ranked from 1 to 10 where 1 is highest
[09:05] {RonS} 3i those Garden shots are absolutely magnificent...forwarded to my parents to contrast the hot summer day when we visited
01[09:05] {&Threei}  thank you
01[09:06] {&Threei}  quite pleased with them too
[09:08] {dino} gm
01[09:08] {&Threei}  dino :)
[09:09] {nemo} spy solid volume this morning
[09:16] {RonS} icpt wow
01[09:18] {&Threei}  ICPT NASH Primary Endpoint Met: FLINT Trial Stopped Early for Efficacy Based on Highly Statistically Significant Improvement in Liver Histology
[09:21] {RonS} yrcw going to be all over the map
[09:22] {nemo} is the reincarnation of CC going to introduce itself?
01[09:22] {&Threei}  it needs GRMN Ron
[09:22] {nemo} that's a good one vad
01[09:22] {&Threei}  thank you
[09:23] {Les} gm
01[09:23] {&Threei}  les :)
[09:23] {Les} oh look at that, a smile
01[09:23] {&Threei}  yeah, that was one day thing
[09:24] {Les} a fake smile perhaps
01[09:24] {&Threei}  always
01[09:24] {&Threei}  you expect real one??
[09:24] {nemo} twtr has recovered all it's losses
[09:27] {+cc_7} Hi everyone, good morning
[09:27] {+cc_7} my name is mark
[09:27] {+cc_7} and im replacing Danny
[09:27] {+cc_7} please feel free to contact me on any issue
01[09:27] {&Threei}  hey Mark, welcome
[09:27] {+cc_7} my skype is: nonko.trading
[09:28] {dino} welcome mark
[09:28] {ese} morning ladies and gents......
01[09:28] {&Threei}  ese :)
01[09:28] {&Threei}  GDX... .55 break looks like short setup
[09:28] {Les} hey Mark
[09:28] {ese} the ladies part is for les if he's hangin
[09:29] {nemo} funny, I didn't know they had defined a gender for Les yet
[09:29] {Les} one of a kind
[09:29] {Les} hey ese
[09:30] {ese} ya
[09:30] {ese} hey les
[09:30] {ese} probably gonna be out your way agin next year Les.....possibly the netherlands
[09:31] {Les} that's 2 days driving from here dude3
[09:31] {Les} but I get what u r saying
[09:31] {ese} couple of hours by high speed train doing 380 mph
01[09:31] {&Threei} Long Setup:  FB  .75 break
01[09:32] {&Threei}  If holds  .65
01[09:32] {&Threei}  1:1
01[09:33] {&Threei}  if you took GDX, stop is .61
[09:34] {thomcbell} scty wild
01[09:35] {&Threei}  stop to .56 now
01[09:35] {&Threei} Long Setup:  FB  .80 break
01[09:35] {&Threei}  If holds  .70
[09:36] {ese} in fb
01[09:36] {&Threei}  no go
[09:36] {ese} ouch
01[09:36] {&Threei}  SPY sudden drop
[09:37] {ese} didn't get stopped though
01[09:37] {&Threei}  stock itself is strong, market is nervous
[09:38] {nemo} fb likely going for 61
[09:38] {nemo} sorry twtr
01[09:38] {&Threei}  GDX 1:1
[09:38] {ese} got a .64 stop on it
[09:39] {ese} mrkt not helping it
[09:39] {ese} although it's hangin in there
01[09:39] {&Threei}  there is a lot of strength under it
01[09:39] {&Threei}  but look at SPY
[09:40] {nemo} twtr .80 then trap door
[09:40] {Les} i see how far spy gapped up. nice short entry
[09:40] {+cc_7} U.S. stocks opened modestly higher on Thursday after weekly data showed a better-than-expected drop in jobless claims, furthering optimism about Friday's December payrolls report and the economic recovery.
[09:40] {ese} damn nope filled .63 -.18
01[09:41] {&Threei}  don't fight it ese, market is grumpy today
01[09:42] {&Threei} Long Setup:  GLD  .30 break
[09:42] {nemo} queue cat
01[09:42] {&Threei}  If holds  .20
[09:42] {ese} ah ya......not a problem....minor set back
01[09:43] {&Threei}  here is how market looks this morning: https://www.facebook.com/photo.php?fbid=677210755635477&set=a.141401872549704.19305.128631877160037&type=1&theater\
[09:43] {ese} fb should still be up today......will exact revenge later
[09:44] {ese} like the look of the daily
[09:44] {Les} saw russian olympic, was waiting for image of some ballbreaking weightlifter
01[09:45] {&Threei} Long Setup:  C  ..7 break
01[09:45] {&Threei}  .07
01[09:45] {&Threei}  If holds  55
[09:45] {Les} 2 way?
01[09:45] {&Threei}  no
01[09:46] {&Threei}  different entry maybe if invalidates
[09:47] {dino} ual sm s .46
[09:48] {thomcbell} aro chatter
[09:50] {dino} ual stop .71 -.25
[09:51] {thomcbell} mu 23.50 long break if hlding 23.45
01[09:51] {&Threei}  come on C, you almost made it
[09:52] {thomcbell} long rvbd small here
[09:53] {thomcbell} if i could
[09:53] {thomcbell} no bp right now - system issue
01[09:53] {&Threei}  C half out
01[09:53] {&Threei}  stop to .04
01[09:54] {&Threei}  let's trail GLD to .24
[09:54] {dino} gpor sm l .90
[09:54] {Les} had bp issues jsut resolved missed gld and c
01[09:55] {&Threei}  out GLD
[09:56] {thomcbell} mu 1:1
[09:57] {thomcbell} if anyone did it
[10:01] {thomcbell} fb looking vulnerable here but two sided 58.40 and 58.50
[10:02] {dino} out gpor .45, +.55
[10:02] {RonS} gj
06[10:02] * Les is begrudgingly obliged to stir up Nemo as cc9 is no longer room entertainment
[10:02] {dino} ty
01[10:02] {&Threei}  wtg dino
[10:02] {dino} ty
01[10:04] {&Threei} Long Setup:  MU  .60 break
01[10:04] {&Threei}  If holds  .50
01[10:04] {&Threei}  since we missed tbell's setup...
[10:04] {nemo} twtr bounce?
[10:04] {nemo} .75 support
[10:05] {nemo} nope
01[10:05] {&Threei}  no... falling knife
01[10:05] {&Threei}  C stop to .09
01[10:05] {&Threei}  MU 1:1
[10:06] {thomcbell} mu 1:2 vad for me
[10:06] {thomcbell} lol
01[10:06] {&Threei}  yes :)
[10:06] {Les} bragging rights lol
[10:06] {dino} cnat spike
01[10:06] {&Threei}  hey... I cracked thrid smile in 36 minutes
01[10:07] {&Threei}  you know what? it hurts
01[10:07] {&Threei}  I can see why nemo opted out of smiling
[10:07] {nemo} not worth the pain
01[10:08] {&Threei}  what's with rug pulling on SPY today
[10:09] {Les} Armstrong pointed to DJIA 16500 or thereabouts as resistance
[10:12] {dino} neil?
01[10:12] {&Threei}  remember alll our jokes about analyst up- and downgrades as tool to dumop or accumulate shares?
[10:12] {RonS} jack?
01[10:12] {&Threei}  turns out, they were not jokes at all
01[10:12] {&Threei}  http://www.reuters.com/article/2014/01/09/us-blackrock-agreement-idUSBREA0808S20140109
[10:12] {nemo} Daniels?
[10:12] {Les} Lance
[10:12] {Les} does dope and market predictions
[10:14] {dino} yrcw going for gap
[10:15] {Les} god silverlights a shit
[10:15] {nemo} what browser?
[10:15] {Les} doesn't matter
[10:15] {Les} still shit
[10:15] {nemo} yeah, but more stable in IE for FSC
[10:16] {thomcbell} QIHU weak, QIHU NEGATIVE CALL: Qihoo 360 Search  market share much lower than claimed, iResearch analyst  says   Qihoo 360 Search's market share was only 14.4% in November  instead of the approximately 22% alleged by co, said Wang Yaqian, an analyst  with iResearch.
[10:16] {Les} hear google developing code that avoids apps like flash and silverlight. ab out bloody time
[10:16] {ese} whats the dow at now nemo?
[10:16] {thomcbell} i dont know who thta firm is
[10:16] {nemo} dow, or dia?
[10:16] {Les} k will try IE
[10:16] {thomcbell} mu trades great imo
[10:16] {nemo} 16421
01[10:16] {&Threei}  BBs tighten on MU
01[10:16] {&Threei}  about to break
01[10:17] {&Threei}  either way
01[10:17] {&Threei}  my read is up but SPY is ridiculously weak
[10:17] {nemo} spy and iwm coming into pivot
[10:17] {Les} Nemo any performance boosting software for this beast while its up and running?
[10:18] {nemo} what, Silverlight?
[10:18] {ese} tks
[10:18] {ese} dia
[10:19] {Les} nah 10 sec clean up of the whole system sort of stuff
[10:19] {nemo} CCleaner
[10:19] {Les} think its just silverl just dicking me here though
[10:19] {Les} got that
[10:20] {ese} any particular reason for 16500 being resistance
[10:20] {nemo} well, you hjave fsc reset?
[10:20] {Les} ?
[10:20] {ese} ?
[10:22] {Les} http://tinyurl.com/nwsd4fy
[10:22] {Les} see DJIA tapping resistance on the rising channel
[10:23] {Les} wondering now if we get pullback to suck in the "I told u so" bears
[10:23] {Les} if the public ain't in, the fat lady ain't singing
[10:24] {thomcbell} fb nearing pivot
[10:27] {dino} cnat sm s .00
01[10:33] {&Threei} Short Setup: IWM  .75 break
01[10:34] {&Threei}  If holds  .85
01[10:36] {&Threei}  Invalidated
[10:38] {ese} am watching fb today thom
[10:38] {Les} PLUG daily reversal bar
[10:38] {thomcbell} me too
[10:39] {thomcbell} if market gets footing it will go
[10:39] {nemo} iwm and spy hanging above weekly pivots...likely not do much until jobs tomorrow
[10:40] {dino} cnat stop -.35
[10:41] {Les} http://imageshack.com/a/img46/4712/qd92.gif
[10:41] {Les} here ese
[10:41] {Les} rising channel upper resistance monthly chart
[10:42] {Les} could breakout but...
01[10:42] {&Threei}  frikin IWM got away
[10:42] {thomcbell} testing pivot spy
[10:42] {ese} tks les
01[10:44] {&Threei}  grrrr
01[10:44] {&Threei}  can't believe this thing invalidated, and then dropped with no proper setup
[10:45] {nemo} what, iwm
[10:45] {nemo} double top
[10:45] {nemo} 114.90
[10:45] {thomcbell} scty tested pivot and trying to hold
01[10:46] {&Threei} Short Setup: CAT  .75 break
01[10:46] {&Threei}  If holds  .85
[10:49] {nemo} ese, and Les, contact FSC support have them give you a link to fscreset.exe
[10:50] {Les} k ty. will see how day goes in IE
[10:51] {ese} what is it though nemo.......or did you answer that and I missed it
[10:51] {nemo} it clears storage in FSC, then you log back in
01[10:52] {&Threei}  no go
[10:52] {ese} toying with fb long at .00
[10:53] {ese} sm fb .01 L
01[10:54] {&Threei}  so so day so far
[10:54] {+cc_7} Market back in the range started Jan 1st
[10:54] {Les} sm. PLUG short .80 if holding .90
[10:54] {nemo} this major support for spy this week
[10:55] {ese} out fb .00 -.01
[10:55] {ese} spy looking weak
[10:55] {nemo} algo view:  http://imageshack.com/a/img833/6237/1t1u.jpg
[10:55] {nemo} partial too, weak is huge no surprise
[10:56] {RonS} wow
[10:56] {ese} bastard ......spy.hammer
[10:56] {nemo} MPC may be coming into fade territory
[10:56] {Les} can't short PLUG
[10:56] {nemo} yeah, couldn't fit all the weak on the screen
[10:57] {ese} rats eh les....last time I had a short PLUG couldn't fill up my tub with water
[10:58] {Les} alas nailed the setup but no moneyhoney
[10:59] {Les} remember this gameplay from a rather obnoxious young reversal trader... can't remember his name... always cussing... always dissing others
[11:00] {nemo} ?
[11:00] {Les} these daily swing reversals. followed a young trader for a time, spent a month in his room with him
[11:00] {Les} PLUG
[11:01] {nemo} ahhhh
[11:01] {Les} of course he was allover them at the open
01[11:01] {&Threei}  where do you find those idiots...
[11:01] {nemo} attracts them
[11:01] {nemo} this is the exception that proves the rule
[11:02] {Les} yeh alikeness attracts
[11:02] {thomcbell} scty nice pivot buy
[11:03] {+cc_7} Federal prosecutors in New Jersey will begin a preliminary inquiry into the lane closures in Fort Lee, according to a law enforcement source.
[11:04] {RonS} and if it was a dem they would say "nothing to see here"
01[11:05] {&Threei} Long Setup:  FB  .85 break
01[11:05] {&Threei}  If holds  .75
01[11:06] {&Threei}  not yet
01[11:08] {&Threei} Long Setup:  FB  .75 break
01[11:08] {&Threei}  If holds  .65
01[11:08] {&Threei}  invalidated again
01[11:08] {&Threei}  turn is very close
01[11:09] {&Threei} Long Setup:  FB  .65 break
01[11:09] {&Threei}  If holds  .55
01[11:09] {&Threei}  ok... really should be ready now
01[11:10] {&Threei}  sheesh
01[11:10] {&Threei}  what's with teleportations
01[11:11] {&Threei} Long Setup:  IWM  .30 break
01[11:12] {&Threei}  If holds  .20
[11:13] {Les} got taken .74 fb
[11:13] {Les} and no where need frikin fast enough to stop out as was supposed to
[11:13] {Les} near not need
01[11:15] {&Threei}  IWM 1:1
[11:16] {Les} half out .39 ty
01[11:16] {&Threei}  now come on IWM, don't be a scalp
01[11:16] {&Threei}  you can make .60 -70 easy
[11:16] {Les} vwap .75 yeh
[11:16] {Les} should have more
[11:18] {Les} FB 2nd half stop +.01
[11:18] {Les} moving too fast for me
[11:19] {Les} fb might db round here
01[11:21] {&Threei}  shrug
[11:22] {Les} volumedumping here in iwm
01[11:22] {&Threei}  back and forth day, nothing even close to what we did this whole week
[11:24] {dino} yrcw sm l .34
[11:28] {Les} lunch break back 1 hr
[11:35] {dino} out yrcw .65, +.31
01[11:35] {&Threei} Short Setup: GLD  .05 break
[11:35] {RonS} gj
01[11:35] {&Threei}  If holds  .15
01[11:35] {&Threei}  wtg
[11:35] {dino} ty
[11:35] {ese} L fb .75
[11:38] {thomcbell} rvbd 19.60 long break if holding 19.50
[11:42] {ese} ½ fb .92 +.17 thats what i'm talkin about!!!!
[11:43] {ese} and then some
[11:43] {ese} stop to break even balance
[11:44] {ese} out full .98 +.23.......
[11:44] {ese} it's been a good day....gotta go cya tomorrow
01[11:44] {&Threei}  take care ese
[11:44] {ese} cya vad
01[11:45] {&Threei}  not my day obviously
[11:48] {dino} cya es
[11:48] {RonS} late and a letter short?
01[11:49] {&Threei}  lol
01[11:50] {&Threei}  (US) House Speaker Boehner (R-OH): Senate democrats are blocking the GOP's job creation legislation; extending unemployment benefits insurance needs to be paid for with an offset to get the economy moving- Expecting the trade promotion legislation to be introduced today
[11:51] {RonS} regn sm l 268.50
[11:55] {dino} data sm l .68
[12:00] {RonS} sm l? data was a robot no l at all...
01[12:02] {&Threei}  still sitting with GLD
[12:04] {nemo} dino 69 level likely limit
[12:07] {RonS} out regn +.24 ubiquitous offers scaring me out...usually thinner
[12:11] {dino} cut thru it like butterout .24, +.56
01[12:12] {&Threei}  wtg
[12:12] {dino} ty
01[12:12] {&Threei}  {GLD}: don't you get it? it's NOT your day
[12:29] {RonS} wag the big dog...
[12:31] {RonS} qihu keelhauled
[12:43] {nemo} wow IWM not even available to short anymore
[12:45] {RonS} damn dino how did we miss ioc last 3 days?
01[12:46] {&Threei} Long Setup:  P  .70 break
01[12:47] {&Threei}  If holds  .60
01[12:50] {&Threei}  Invalidated
01[12:51] {&Threei}  this is half funny, mostly true and goes along the lines of yesterday's no smile experiment: http://ht.ly/sqsx5
[12:54] {RonS} omg did Tolstoy write that?
[12:54] {dino} ron, been tough last 3 days, thats how
[13:00] {Les} god no wonder the russian guests looked at me like they wanna kill me when i was frontin a hotel
[13:01] {Les} about to return to work permanent, so useful info thansk
[13:01] {nemo} using you as confirmation on a general trend is suspect...a teddy bear would probably want to kill you
[13:01] {RonS} oof
[13:01] {Les} someone's gotta be yang
[13:02] {Les} MU fading
01[13:03] {&Threei} Long Setup:  P  .65 break
01[13:03] {&Threei}  If holds  .55
[13:03] {Les} sm iwm short .94 hilding .00
[13:12] {Les} 1:1
01[13:13] {&Threei}  stop to .59
[13:15] {Les} wow I scare myself sometimes. scratch that IWM trade
01[13:17] {&Threei}  why?
[13:17] {RonS} throw away the mirror?
[13:17] {nemo} mirror Vad
01[13:17] {&Threei}  oh
[13:17] {nemo} nice Ron
01[13:17] {&Threei}  lol
[13:17] {Les} let's just say the drugs don't work
[13:17] {nemo} try strychnine
[13:18] {Les} u sure?
[13:18] {Les} dumbass...
[13:21] {dino} yrcw drop
[13:21] {RonS} union vote results?
01[13:22] {&Threei}  don't see any news yet
01[13:23] {&Threei}  1:1
[13:25] {dino} yrcw smr l .04
[13:25] {Les} Vad does this russian approach to smiling extend to peoples next to russia?
[13:25] {Les} poland, ukraine etc?
01[13:25] {&Threei}  ukraine, certainly
01[13:26] {&Threei}  poland, don't know
[13:26] {Les} k
[13:30] {RonS} took .20 thanks 3i P
01[13:31] {&Threei}  :)
01[13:31] {&Threei}  can't believe something went to 1:2
01[13:31] {&Threei}  is this a first today?
[13:36] {Les} FB testing morning lows
[13:48] {dino} yrcw stop .84 -.20
[13:48] {Les} dino potential DT GRFS
[13:48] {Les} looks like a skinny
[13:52] {RonS} dino...wll
01[13:56] {&Threei}  why didn't we short FB at .60
01[14:05] {&Threei} Long Setup:  FB  .90 break
01[14:05] {&Threei}  If holds  .80
[14:06] {RonS} man oil crashing 91.33
01[14:07] {&Threei}  no tears here
[14:07] {RonS} tick -1000
[14:08] {RonS} cc gone no crashathon commentary...
[14:10] {Les} damn GRFS textbook DT
01[14:14] {&Threei}  so was FB, and didn't work
01[14:15] {&Threei}  whole day is jab exchange with the market
01[14:15] {&Threei}  win one, lose another
[14:28] {dino} same here
01[14:29] {&Threei}  well, we had strong last week and 3 days of this one... I guess were due to pause
01[14:35] {&Threei}  let's see if we get nice juicy double bottom
01[14:36] {&Threei} Long Setup:  FB  .75 break
01[14:36] {&Threei}  If holds  .65
01[14:37] {&Threei}  let's go FB
01[14:37] {&Threei}  give us 1:3 and I'll forgive you
01[14:38] {&Threei}  1:1
06[14:41] * &Threei kicks FB in the rear
01[14:45] {&Threei}  1:2
01[14:45] {&Threei}  2/3 of forgiveness has been earned
[14:50] {nemo} fdo interesting at .10
[14:50] {nemo} floated up with market
01[14:52] {&Threei}  1:3 baby
01[14:52] {&Threei}  out
01[14:52] {&Threei}  this trade actually took me back in black
[14:53] {nemo} was AC/DC most of the day, huh?
[14:53] {nemo} volume FDO
01[14:53] {&Threei}  and I just realized.... Ron, you must be slipping if you didn't call me on "juicy double bottom"
[14:53] {RonS} ha
01[14:55] {&Threei}  1:4
01[14:55] {&Threei}  oh well, I needed to secure that win
01[14:56] {&Threei}  had strong feel it was 1:5 bound, but wth the shaky day we had, locking it in was in order
[15:11] {RonS} sorry, passed on fb...was distracted w/ wll trade .55 to .05  +.50
01[15:12] {&Threei}  :(
01[15:18] {&Threei} Short Setup: GLD  .40 break
01[15:18] {&Threei}  If holds  .50
01[15:22] {&Threei}  Invalidated
[15:22] {nemo} even gold not behaving today
01[15:46] {&Threei}  search for the last play proved to be fruitless
[15:46] {dino} calling it a day, gn all
01[15:46] {&Threei}  take care dino
[15:46] {Les} k
[15:46] {Les} me 2 gotta work a+
01[15:46] {&Threei}  happy to eeck out slightly positive dsy
01[15:47] {&Threei}  day
01[15:47] {&Threei}  eck
01[15:47] {&Threei}  nevermind... back to typing with my knees
[15:47] {dino} nemo, what we talked about yesterday. look gwph, +9 on secondary offering at 36. wtf
01[15:47] {&Threei}  thank you all, have a great evening
[15:47] {nemo} hehehehehehe
01[15:48] {&Threei}  see you tomorrow
[15:48] {nemo} can you say "bull market"

Jan 08 2014

Another very strong day generously sprinkled with 1:3ers, 1:2ers and very few small stops. FB is a great performer, as well as GLD and other usual suspects. Midday gave us a boredom pause as market was waiting for the Fed minutes release, then action resumed and brought more profits.


Session Time: Wed Jan 08 00:00:00 2014
[09:00] {thomcbell} gm and a good morning for mu
01[09:00] {&Threei}  morning tbell
[09:04] {dino} gm
01[09:04] {&Threei}  dino
[09:13] {+cc_9} Good morning everyone
01[09:13] {&Threei}  cc9
[09:17] {nemo} FED Day................yawn
01[09:18] {&Threei}  is it today?
[09:18] {+cc_9} Knuckle's list for today : TXTR - NBIX - MU - GME - FRX - QIHU - JCP
[09:18] {nemo} yeah, minutes release at 2ish
01[09:18] {&Threei}  oh minu\tes
[09:19] {nemo} yeah...old news but it seems to slow things down
01[09:19] {&Threei}  MU... nice opening
[09:23] {+cc_9} JCP trying to hold the 7.50s pre-market, should be very active on a nice pop back to 7.80ish
[09:23] {RonS} gm y'all
[09:23] {+cc_9} NBIX eyeing for some profit taking
[09:23] {+cc_9} TXTR looking for a bounce
[09:23] {+cc_9} GME possible bounce but opening flat
[09:24] {+cc_9} QIHU massive ramp on Alibaba investment
[09:24] {+cc_9} FRX upgrades
[09:24] {+cc_9} MU beat on ER
01[09:24] {&Threei}  ron
[09:25] {_thenexttick} gm
[09:25] {RonS} stz shining
01[09:25] {&Threei}  tick
[09:26] {nemo} do you suck blood?
[09:26] {_thenexttick} no smileys today?
[09:26] {RonS} guessing no, but his twin is tock...
[09:27] {_thenexttick} yes we throw short squeeze parties together
[09:27] {+cc_9} JCP setting up for nutty volume on the first minute
[09:28] {Les} gm
01[09:28] {&Threei}  I decided to try and go a day with no single smile
01[09:28] {&Threei}  les
[09:28] {Les} i didn't know u could smile vad
[09:28] {nemo} great, isn't it Vad
01[09:29] {&Threei}  I pretend Les
[09:29] {Les} hmmm will have to try it sometime
01[09:30] {&Threei} Short Setup: GDX  .60 break
01[09:30] {&Threei}  If holds  .70
[09:32] {ese} morning
01[09:32] {&Threei}  ese
[09:32] {Les} FB gap down open
[09:34] {thomcbell} sndk beast
[09:35] {Les} taking the GLD express down
[09:35] {thomcbell} mu
[09:35] {+cc_9} long TXTR here for 29.50+ bounce
[09:35] {+cc_9} holding yesterday's LOD
[09:36] {thomcbell} 24 break if holding 24.10
[09:36] {thomcbell} invalid
01[09:36] {&Threei}  stop to .66
[09:36] {thomcbell} as said
[09:37] {+cc_9} long JCP here for bounce
[09:37] {Les} two tail GLD
01[09:37] {&Threei} Long Setup:  FB  .80 break
01[09:37] {&Threei}  If holds  .70
01[09:38] {&Threei}  1:1
01[09:38] {&Threei}  1:2
01[09:39] {&Threei}  trying for 1:4
01[09:40] {&Threei}  out on a trail
[09:40] {Les} wanted short under 58 no go
[09:40] {Les} little GLD on side of GDX paying off
[09:40] {+cc_9} long GME here
01[09:40] {&Threei}  half out GDX
01[09:41] {&Threei}  stop to .61
[09:41] {Les} aaah yeh ty sir half out
01[09:41] {&Threei}  yw
[09:43] {robbers} Out FB, thanks
01[09:44] {&Threei}  welcome robbers
[09:44] {+cc_9} JCP long so far so good
[09:44] {+cc_9} target 7.80 unchanged
[09:45] {dino} tur l .68
[09:45] {+cc_9} TXTR low volume but slowly coming in, need about 28.75 to breakout over 29
[09:45] {+cc_9} staying with it
[09:45] {+cc_9} GME nice pop, staying with it, target 45.50
[09:46] {Les} squeezed 1:2 out of gld
[09:46] {thomcbell} mu
[09:47] {+cc_9} JCP needs 7.65 bids to get a nice pop and full reversal, little wall 7.70
[09:47] {dino} qunr smr s .21 gappy
[09:48] {+cc_9} SPY tanking, JCP bids holding up nicely so far
[09:48] {+cc_9} VXX new highs
[09:48] {Les} would life FB to return to 58
01[09:48] {&Threei} Short Setup: MET  .60 break
01[09:49] {&Threei}  If holds  .67
[09:49] {+cc_9} JCP getting ready for breakout, staying with it
[09:49] {+cc_9} GME downside priced in yesterday, not tanking with market for now. Staying long GME as well
01[09:53] {&Threei}  meh
01[09:53] {&Threei}  oversat this one
[09:55] {+cc_9} TXTR getting ready to go green and breakout
[09:55] {+cc_9} TXTR new session highs
[09:56] {Les} FB leavesthestation
[09:58] {+cc_9} TXTR needs more volume to get a better spread, total volume today 71k
[09:58] {+cc_9} GME / JCP so far so good, getting ready for breakout on both
[09:58] {+cc_9} JCP !!!!!!!
[10:00] {+cc_9} QCOR death
[10:00] {Les} PLUG again
[10:00] {dino} cov qunr flat
[10:00] {dino} kmx sm l .97
[10:01] {Les} LIVE showing potentialreversal day
01[10:01] {&Threei} Short Setup: MCD  .20 break
01[10:01] {&Threei}  If holds  .30
[10:01] {+cc_9} GME new highs :D
[10:02] {+cc_9} QCOR huge crash
01[10:02] {&Threei}  Invalidated
[10:03] {+cc_9} QCOR easy money knuckles trade
[10:03] {+cc_9} GME blowing up! staying with it till 45.50
[10:05] {+cc_9} QCOR massive bounce, hope some of you guys picked up the 49s :D
[10:05] {Les} small FB short
[10:06] {+cc_9} GME through $45!
[10:06] {+cc_9} anyone in GME with me ?
[10:06] {Les} .70 holding .80
[10:06] {thomcbell} wow sndk
01[10:08] {&Threei} Long Setup:  MU  .80 break
01[10:08] {&Threei}  If holds  .75
[10:09] {+cc_9} QCOR flushathon round 2
[10:11] {RonS} Questcor volatility increase attributed to change in CDF funding
[10:11] {RonS} what is that?
01[10:11] {&Threei}  Questcor Pharma Hearing weakness attributed to circulation of chatter that the Chronic Disease Fund has called for halt in new enrollments for Acthar indications
01[10:12] {&Threei}  reference: http://www.cdfund.org/Patient-Diseases.aspx
[10:12] {Les} FB potential DBI
[10:13] {+cc_9} all out GME +$0.61
01[10:13] {&Threei}  come on MU... 1 cent to 1:1?
[10:13] {+cc_9} in QCOR here for knuckles bounce
[10:15] {Les} vad did you fix floor bot?
[10:16] {Les} FB stop
01[10:16] {&Threei}  do I look like a floor bot fixer?
01[10:17] {&Threei}  there is a programmer looking into it
[10:17] {Les} k
[10:17] {dino} jcp dog
[10:17] {+cc_9} GME blowing up !!!
[10:17] {Les} reading your setups all wrong. need to follow u in floor
[10:17] {thomcbell} VAD U still there on mu long?
01[10:18] {&Threei}  yes
01[10:18] {&Threei}  .74 stop
01[10:18] {&Threei}  Les... not sure what you mean
01[10:18] {&Threei}  floor or discussion, it's the same setup
[10:19] {Les} yeh yeh just want min. text to read
01[10:19] {&Threei}  1:1
[10:19] {Les} entered .85 entry not .80 dumped it flat
[10:19] {+cc_9} TXTR needs some bids back to the .70s, getting sloppy again
[10:20] {+cc_9} SPY helluva headfake this morning, market back to highs and raping LOD shorts
[10:20] {+cc_9} GME $0.20 from target price given this morning @ 45.50
[10:20] {+cc_9} 09:46 cc_9 GME nice pop, staying with it, target 45.50
01[10:20] {&Threei}  1:2
01[10:21] {&Threei}  good girl MU
[10:21] {thomcbell} piper speculated that aapl may be a big future dram customer for mu
01[10:21] {&Threei}  specualte away piper
[10:21] {thomcbell}     Micron Large DRAM Customer Is Likely Apple: Piper Jaffray  10:14
[10:21] {thomcbell}        Micron referring in conf. call to a large customer signing a l-t DRAM supply contract with a $250m pre-payment likely refers to a deal with Apple, Piper Jaffray analyst Jagadish Iyer (overweight) says.
[10:21] {thomcbell}     • Agreement is “testament to tight supply” in DRAM market, Piper says; sees robust DRAM pricing continuing as MU has no plans for DRAM capacity additions
[10:21] {thomcbell}     • Says FY1Q results were “solid” and expects MU gross margins to rise 450bps through remainder of FY14
[10:21] {thomcbell}     • Wedbush analyst Betsy Van Hees (outperform) says MU commentary was upbeat on n-t outlook, indicating DRAM supply is likely to be tight, NAND supply/demand balanced in
01[10:21] {&Threei}  especially while we are long
[10:25] {+cc_9} out QCOR for $1.04
[10:25] {+cc_9} calling it a day
[10:25] {dino} gj
[10:25] {Les} nice one
[10:25] {+cc_9} just need TXTR to turn around, but its looking very shitty
[10:28] {+cc_9} TXTR about to lose its bid again, uh oh @ $28.00
[10:28] {+cc_9} getting no dip buyers today, volume 125k wow
[10:30] {dino} qcor sm l .65 ave
[10:31] {+cc_9} QCOR will go back all the way to 50.50
[10:31] {+cc_9} RTRX suing QCOR
[10:31] {+cc_9} QCOR " good luck with that "
01[10:33] {&Threei}  1:3
01[10:33] {&Threei}  me out
06[10:33] * &Threei gives a thought to cracking a smile
06[10:34] * &Threei rejects the thought as highly inappropriate
[10:34] {+cc_9} TXTR trying not to crash under 28
[10:34] {robbers} Out MOO, appreciate it Vaed.
01[10:34] {&Threei}  cool beans robbers
[10:35] {+cc_9} i dont quite understand the L2 on TXTR
[10:35] {+cc_9} buyers come and take the .20s
[10:35] {+cc_9} all trades go @ offer, then bid drops $0.10
[10:38] {+cc_9} TXTR slow liquidation, stock @ lows and @ yesterdays LOD range as well, no dip buyers so far on the day
[10:38] {+cc_9} just straight garbage dump
01[10:38] {&Threei}  FB... watching for long entry on pullback
[10:39] {+cc_9} 10:31 cc_9 QCOR will go back all the way to 50.50
[10:39] {+cc_9} ;)
[10:40] {Les} small GLD short
[10:40] {Les} .78 holding .90
[10:41] {+cc_9} TXTR flushed under $29
[10:44] {+cc_9} adding TXTR here 28.01
[10:44] {+cc_9} new cost 28.45
[10:44] {+cc_9} looking dogish
[10:45] {thomcbell} trla 38.67 long break
[10:45] {thomcbell} sorry didnt type fast enough
[10:45] {+cc_9} well look at that again TXTR...offers move to 28.10, bid dumps right away to 27.94
[10:45] {thomcbell} rvbd takeover chatter
[10:45] {thomcbell} might be good for you spikers
[10:46] {thomcbell} my stop on mu is now 23.98
[10:47] {+cc_9} RVBD that looks quite tasty for a short
[10:47] {+cc_9} gona play it same as CMCSA yesterday
[10:47] {+cc_9} stock should fade under $19.00 on profit taking
[10:47] {+cc_9} waiting for one more leg up to get short
[10:48] {thomcbell} 19 is proposed price from elliott
[10:48] {thomcbell} even better for your thesis cc on rvbd
01[10:51] {&Threei}  FB nears entry point
[10:51] {+cc_9} TXTR needs another defense today it seems....
01[10:51] {&Threei}  one more leg down
01[10:51] {&Threei}  around 58, desirably just under
[10:51] {+cc_9} you're looking to short FB vad ?
01[10:51] {&Threei}  no, looking for long on oullback
[10:52] {Les} gld stopped fade time
[10:52] {dino} out qcor .35, +.70
[10:53] {+cc_9} good job dino, it hit that $50.50 target and stayed there as resistance ;)
01[10:53] {&Threei} Long Setup:  FB  58 break
01[10:53] {&Threei}  If holds  .90
[10:53] {+cc_9} TXTR massive seller at 28.01
[10:54] {dino} yeah, was at 50.65, but couldn't get it
[10:54] {+cc_9} TXTR back to session lows
[10:55] {Les} NOW Vad
[10:56] {ese} L icld .08
[10:56] {ese} out ½ .20 +.12
[10:56] {ese} balance break even
[10:56] {+cc_9} massive seller showing up on TXTR now on each downtick
[10:56] {+cc_9} could setting up a crash
01[10:57] {&Threei}  a bit too heavy, FB
[10:57] {Les} sm. NOW short .88 holding 58
01[10:57] {&Threei}  let's trail to .94
[10:58] {ese} stopped balance icld .08
[10:58] {ese} close enough for jazz
01[10:59] {&Threei}  morning trades we easier and faster
01[10:59] {&Threei}  FB struggles
01[10:59] {&Threei}  we = were
[10:59] {+cc_9} TXTR put a fork in it...game over on that stock for now
01[10:59] {&Threei}  going to 4 now?
01[11:00] {&Threei}  1:1 FB
[11:00] {+cc_9} from looks of it, its headed to $0.00
[11:00] {+cc_9} nobody interested in buying it up, 250k shares traded in 1.5 hours, that cannot be good
[11:00] {+cc_9} all those defenses and still nothing
01[11:00] {&Threei}  hehe
[11:01] {+cc_9} it needs like 10 more defenses
[11:01] {+cc_9} TXTR management should be making phone calls right now to JPM / GS / Merill and everyone in the industry to issue positive statements
[11:01] {dino} qcor dropping
[11:01] {+cc_9} if Credit Suiss can't get it moving, you know its screwed
[11:02] {Les} FB printed .20 didn't get swept
01[11:02] {&Threei}  1:2 baby
[11:02] {Les} ty sir
[11:02] {+cc_9} im just surprised that it did not even get 1 single bounce since 10AM TXTR, not one lol
01[11:02] {&Threei}  yw
[11:02] {+cc_9} so the stock is down about $5.00 since yesterday and still no buyers
01[11:02] {&Threei}  one of those cases when the trade was read in advance
[11:03] {Les} all out on trail
[11:04] {RonS} Elliott Says Riverbed Offer is Based on Publicly-Disclosed Info Only, Sees Opportunity to Raise Offer with Private Info $RVBD
[11:07] {+cc_9} TXTR crashing hard 27.50, chart is totally broken at this level, 0 support on any time frame
[11:09] {dino} kmx stop .73 -.24
[11:10] {RonS} sm l tal .07
[11:10] {Les} Vad FCX .35 short?
[11:11] {Les} 50 day at 36
01[11:12] {&Threei}  a bit too narrow
[11:12] {Les}  k
01[11:12] {&Threei}  sits within 10 cents range for the most of the day so far
[11:13] {dino} apam spike
[11:13] {+cc_9} TXTR on its way to crash new lows
[11:13] {+cc_9} all red candles on 5min since 10:15
[11:13] {+cc_9} basically 1 hour of red candles
[11:14] {dino} tur stop .35 -.30
[11:16] {+cc_9} come on...someone come defend TXTR before it goes to $4.00 for fuk sake
[11:16] {Les} JPM deciding which way here not right time of day though
[11:19] {+cc_9} TXTR sinking faster than the Titanic
[11:19] {+cc_9} 27.20s
01[11:20] {&Threei}  action has probably calmed down up to Fed minutes
[11:21] {RonS} scty looking to btfo
01[11:22] {&Threei} Short Setup: MOS  .70 break hl
01[11:22] {&Threei}  actually
01[11:22] {&Threei} Short Setup: MOS  .75 break hl
01[11:22] {&Threei}  If holds  .80
[11:26] {RonS} now cc can really have a simian party...
[11:26] {munky} hello
01[11:27] {&Threei}  hi munky, welcome
[11:28] {Les} https://www.youtube.com/watch?v=OTxPlUnDQ1U
[11:28] {+cc_9} TXTR trying to form a baby base, but i would not hold my breath on it
[11:28] {Les} Yo Munky
[11:28] {+cc_9} needs like $28+ before anything at this point
[11:29] {Les} still in NOW short .89 could be two way at this point
[11:33] {+cc_9} FB getting a move here
[11:34] {thomcbell} mu 24 long break
[11:35] {thomcbell} if holding 23.94
01[11:38] {&Threei} Long Setup:  TXTR  .40 break hl
01[11:38] {&Threei}  If holds  .30
01[11:39] {&Threei}  meh MOS
[11:41] {RonS} is the paint dry?  txtr
[11:41] {Les} NOW stopped
[11:41] {RonS} ...and became THEN...
[11:42] {Les} ...and Ron will be standing in for Nemo tonight ladies and gentlemen
[11:42] {Les} :)
[11:42] {Les} NOW turned into LONG
[11:43] {nemo} inflection at 58 then vwap
[11:43] {RonS} or WRONG...
[11:43] {+cc_9} TXTR feels like its halted
[11:43] {+cc_9} volume just took a nap
[11:44] {+cc_9} QCOR might setup another crashathon, slowly dipping, keeping close eye
[11:45] {+cc_9} TXTR small buyers come in at .40s, sellers hit that right away and drop back to .30s
[11:45] {+cc_9} this is just sad, all around
[11:45] {+cc_9} oh....40s TXTR lol
[11:45] {+cc_9} it just moved $0.10! to the mooooooooooon
01[11:46] {&Threei}  someone pass cc a pacifier
06[11:46] * nemo gives cc a bottle of Grey Goose
01[11:46] {&Threei}  with pacifier
[11:46] {nemo} fine
[11:47] {Les} lol
[11:47] {nemo} was thinking beer bong myself
[11:47] {+cc_9} all im watching is TXTR level 2 for criminal activity
[11:47] {RonS} munky slaps cc with a large trout
[11:48] {+cc_9} seriously, if bored, just put TXTR on your L2/T&S and just watch the prints, its very sad
[11:49] {nemo} kinda piled up on the offers
[11:50] {Les} PLUG testing VWAP
[11:51] {+cc_9} NBIX about to lose its shit if cracks $17.00. Profit taking galore
[11:52] {+cc_9} someone just bot 7 shares of TXTR at the ask = she flies
[11:52] {+cc_9} I repeat, 7 shares were bot
[11:52] {+cc_9} aaaaaaaaand bid tanks
[11:52] {nemo} 1 4 4 1 1
[11:52] {nemo} wow
[11:52] {+cc_9} you see that too nemo right ?
[11:52] {nemo} yeah
[11:53] {Les} NOW nice shake off SOMG
[11:53] {+cc_9} if nots that ECN morse code, then idk what it is
[11:53] {+cc_9} if that's not*
[11:53] {thomcbell} mu invalid - obviously
[11:53] {nemo} not good when the bid goes donw on that shit
[11:53] {dino} tur last try l .29
[11:53] {RonS} was krill1234
[11:53] {+cc_9}  1 1 4 1 7
[11:53] {nemo} interesting point cc
[11:53] {+cc_9} those have to be messages between trading desks, or some sort of information
[11:53] {nemo} yeah
[11:53] {+cc_9} bc nobody in their right might would send 1 share
[11:53] {+cc_9} and 4 shares
[11:53] {+cc_9} and 7 shares
[11:54] {nemo} nasd
[11:54] {nemo} 1 on nyse
[11:54] {+cc_9} yes, just now again, and bid dropping
[11:55] {+cc_9} "Chaim, you need to get out right here 1 = 10k / 7 = 70k"
[11:55] {Les} cc look at NBIX
[11:55] {Les} someone got stung at 1.30 above the bid
[11:55] {Les} what is that?
[11:55] {+cc_9} "Ezra, 1, quick before goyim finds out"
[11:55] {+cc_9} Les, nah
[11:55] {+cc_9} wick disappeared, look again
[11:55] {Les} its on T and S
[11:55] {+cc_9} settlement trade or fat finger adjusted
[11:55] {+cc_9} yes, but what route ?
[11:56] {Les} 18.51 for 32
01[11:56] {&Threei}  oh well
[11:56] {+cc_9} settlement
01[11:56] {&Threei}  easy money was made in the morning
[11:56] {+cc_9} nemo, look TXTR now when those 1 1 4 1 7 went through
[11:56] {+cc_9} bid crashing hard now
[11:56] {Les} ok
[11:56] {+cc_9} and back to session lows
[11:56] {nemo} yeah
[11:56] {+cc_9} that fake bounce in the 40s was to dump on
[11:56] {nemo} everything thinning though look offers at .30
[11:58] {+cc_9} nope, they are lining up the sells at 27
[11:58] {+cc_9} while yanking the bids
[11:58] {+cc_9} 1 guy sitting at .25 = it goes below if LOd tests with no bid to support it
[11:59] {nemo} can't remember the last time I saw share transactions like that this regularly
[11:59] {+cc_9} this is what leads me to believe those prints actually have a meaning, i swear im not tinfoiling...
[12:00] {+cc_9} when i see odd lots, usually they are broken up from another order block
[12:00] {+cc_9} so if you see 30 print
[12:00] {+cc_9} then u will see a 70 to match it for round 100
[12:00] {+cc_9} but 1 1 4 1 7
[12:00] {+cc_9} that shit dont make any sense
[12:00] {nemo} you're not...buddy of mine used to tell me how desks would signal each other using share size on sequential transaction
[12:00] {+cc_9} that's correct
[12:01] {Les} GT testing yesterdays high and failure to break out
[12:02] {RonS} vjet rocketing
[12:02] {+cc_9} if TXTR does not bounce to the .40s/.50s here, its about to totally crash under 27
[12:03] {nemo} were you in advertising Ron?
[12:03] {Les} thinking English teacher
[12:03] {RonS} Playgirl centerfold only...
[12:03] {nemo} braille version
[12:03] {RonS} lol
[12:04] {Les} lol
[12:04] {Les} where does he come up with those rejoinders..
[12:04] {+cc_9} nemo, here is where you watch TXTR L2 and T&S again
[12:04] {+cc_9} see if the sellers show up on this offer push
[12:04] {+cc_9} you see him at 27.40 on EDGX ?
[12:05] {nemo} just dropped
[12:05] {nemo} unless hidden orders
[12:05] {nemo} back
[12:05] {+cc_9} not he is still there
[12:05] {+cc_9} 11
[12:05] {nemo} yeah, he dropped for a second
[12:05] {+cc_9} you see how the bid side for 27.40 does not match
[12:05] {+cc_9} with only 1 guy at 33
[12:05] {nemo} yes
[12:06] {+cc_9} fishiest L2/T&S in a while...
[12:06] {+cc_9} lets see what he does at 27.40
[12:06] {nemo} vjet apogee
[12:08] {RonS} too esoteric...
[12:08] {nemo} true
[12:08] {RonS} headline writer = 5th grade level...
[12:08] {nemo} of course, I write in philosophy so my vocabulary tends that way
[12:09] {nemo} Qcor looks weak, but did it make it on the uptick rule?
[12:10] {Les} apogwhat?
[12:10] {nemo} fishy orders again txtr
[12:10] {+cc_9} nemo, look now
[12:10] {+cc_9} order for 2
[12:10] {+cc_9} went through
[12:11] {+cc_9} and bid dropped
[12:11] {nemo} and 5 below that
[12:11] {+cc_9} yes
[12:11] {Les} so can't buy 5 shares?
[12:11] {nemo} wtf
[12:11] {+cc_9} that basically means there is a lot of orders that need to get sold
[12:11] {+cc_9} but there is not enough offers to sustain
[12:11] {+cc_9} if you see on the chart today
[12:12] {+cc_9} each time it tried to bounce, the sellers stepped in full force
[12:12] {Les} so they're taking anything they can find u mean?
[12:12] {+cc_9} not allowing it to even get a tiny bounce = they want out ASAP
[12:12] {+cc_9} Les yes
[12:12] {+cc_9} any $0.10 or $0.20 move up on the offer gets sold on
[12:12] {+cc_9} u can tell because soon as offers come in, the spread tightens, then small bounce and bid goes down big
[12:12] {+cc_9} right now .28/.29
[12:12] {nemo} and spread spreads
[12:12] {+cc_9} if offers get taken and new sellers show up, they will drop the bid lower
[12:13] {+cc_9} correct nemo
[12:13] {+cc_9} let me try something
[12:13] {+cc_9} watch the T&S
[12:13] {Les} Nemo what do you think GT .50 recross short?
[12:13] {Les} holding .55
[12:13] {nemo} not this time of day
[12:13] {+cc_9} actually, lets see if gets .30s again, im gona try something to see if it works
[12:14] {+cc_9} look now 1x4, even if all taken @ offer
[12:14] {+cc_9} keep an eye on the T&S on TXTR
[12:14] {+cc_9} im gona seee if they take funny orders, or lump them up
[12:15] {nemo} Inet has supply at .29 here
[12:16] {nemo} oh yeah, they changed the rules a couple of weeks ago on combining orders
01[12:17] {&Threei}  in what way?
[12:17] {nemo} I forgot actually the specifics, but combining and executing odd share size orders was changed
[12:17] {ese} outta here cya tomorrow....good job today cc......your always on fire buddy
[12:17] {+cc_9} nemo, watch TXTR here again
[12:17] {nemo} yep
[12:17] {+cc_9} look @ the side of the seller at .30
[12:17] {+cc_9} large 4k on NASD/Q
[12:17] {+cc_9} take care ese!
[12:18] {+cc_9} and then look @ the bid against it
[12:18] {+cc_9} moved it from NASD to ARCA
[12:18] {nemo} yep
[12:18] {+cc_9} you see some prints below for 2 shares ?
[12:18] {+cc_9} a couple of them actually
[12:19] {nemo} yeah
[12:19] {nemo} this is not the stock to be playing with right now
[12:19] {nemo} somebody is gaming it
[12:19] {nemo} and they have friends
[12:19] {+cc_9} im telling you, after watching the action on the L2 yesterday very closely, i can tell you this one is being manipulated between a bunch of desks selling to each other to get out
[12:20] {+cc_9} i have no doubt the bid is gona crash under .20 any moment now
[12:20] {+cc_9} just not enough orders to sustain this price
[12:20] {nemo} and if they let it lose .20 it goes to 27, so they're trying to get out before that happens
01[12:20] {&Threei}  selling to each other to get out?
01[12:20] {&Threei}  how's that work?
[12:21] {+cc_9} some desks have much better liquidity than others
[12:21] {+cc_9} some can use their own routes
01[12:21] {&Threei}  yes but if one bought from another, it's long
[12:21] {nemo} 4 share transaction
01[12:21] {&Threei}  it has to sell to someone else than the other desk
[12:21] {nemo} one desk could buy and sell to it's own traders to maintain bid levels and try to get transactios inside the range that gradually reduce or increase their positions
01[12:22] {&Threei}  or you mean one uses another with higher liquidity as a conduit?
[12:22] {+cc_9} what nemo just said
[12:22] {nemo} bingo
[12:22] {nemo} FADF
[12:22] {+cc_9} 12:21 cc_9 i have no doubt the bid is gona crash under .20 any moment now
[12:22] {nemo} dark pool volume
[12:22] {+cc_9} told you
[12:22] {+cc_9} yup
[12:22] {nemo} Yeah, buddy of mine was talking about that technique yesterday
01[12:23] {&Threei}  that is poassible only if desk acts as principal
01[12:23] {&Threei}  not all of them are allowed to do that
01[12:24] {&Threei}  so if one that can function as agency only sells per agreement to the one that can be a principal, I can see this working
[12:24] {+cc_9} if loses 27, they are just gona go all out gangster and pile up on the sell side with no mercy
[12:24] {Les} define those terms Vad
[12:24] {Les} agency and principal
01[12:25] {&Threei}  agency provides you with link to the market place
01[12:25] {&Threei}  think direct access,
[12:25] {nemo} Vad, I think as long as there's short shares available and you have long inventory, and a way to signal between desks, you can do it
[12:25] {dino} i think they do whatever they want and deal w/it later
[12:25] {nemo} and this isn't huge volume
01[12:25] {&Threei}  and any broker that simply sends your order to the market.
[12:25] {+cc_9} the 27 bids were like 40
01[12:25] {&Threei}  Principal can fill your order from their own inventory
01[12:26] {&Threei}  which on surface seems beneficial
01[12:26] {&Threei}  but in reality works against you in the long run
[12:26] {Les} but if they're trying to dump on you...
[12:26] {Les} yeh
[12:26] {nemo} Yes, you game a range where you want to buy or sell, somebody can show up and screw up your game
01[12:26] {&Threei}  as your broker essdentially trades against you
[12:26] {nemo} but, that's part of the risk
[12:26] {Les} you are the mark, as in a game of poker
01[12:26] {&Threei}  yup
[12:27] {nemo} hehehehe , wonder if that bid is real at .00
[12:28] {Les} DJIA the weaker dog again
[12:29] {nemo} gnite Irene
[12:30] {Les} thank u for the lesson fellas
[12:30] {nemo} wow
[12:30] {nemo} bottom falling out
[12:31] {nemo} this important level
[12:31] {+cc_9} they are taking any bids they can
[12:31] {nemo} next is 24.50 level
[12:32] {Les} GT is working stop to .50
[12:33] {+cc_9} im gona buy TXTR here now
[12:34] {Les} lol f&%ç u GT
[12:35] {Les} cheeky prick
[12:35] {nemo} nah, hou had to leave your stop above the high, look at time of day, takes nothing to move it comparatively
[12:36] {nemo} Got a question:  How do you short a stock that has broken the highs on the daily recently?
[12:37] {Les} aggressive short DT and definitely keep it light
01[12:37] {&Threei}  answer: you don't
[12:37] {Les} oh frig off Vad
[12:38] {nemo} privyet
01[12:38] {&Threei}  you short a stock that forms short setup
[12:38] {nemo} yep
[12:38] {nemo} you shorted a new high
[12:38] {nemo} whoa
[12:38] {nemo}  no weakness
[12:38] {Les} yeh right who was talking easy money all gone for the morning
[12:38] {nemo} indexes flat,
[12:38] {nemo} and this was showing relative strength
[12:38] {nemo} and, though you were right in the very short term, it bounced right at support
[12:39] {Les} nice game turning .01 from 1:1 and that's it. stopped out above trigger. can'^t play it any tighter
[12:39] {nemo} oh jeez CC SFSG
01[12:41] {&Threei}  ok, i read it three times and still don't see the connection
01[12:41] {&Threei}  12:38] {Les} yeh right who was talking easy money all gone for the morning
01[12:41] {&Threei}  what does it have to do with shorting GT?
[12:42] {+cc_9} nemo, SFSG ?
[12:42] {nemo} So Far So Good
[12:42] {nemo} sorry
[12:42] {+cc_9} yes
[12:42] {+cc_9} not holding my breath, but i think big dumpers are out
[12:48] {nemo} btw...now a drop below .50 is a setup in GT, but that stock has been so ring, I wouldn't
[12:48] {nemo} ring=strong
[12:50] {nemo} Hey CC:  http://bit.ly/1dwpMzv
[12:52] {+cc_9} i see the skid marks by the rock
[13:15] {nemo} sheesh index bid pulls
[13:18] {+cc_9} TXTR there she goes
[13:24] {+cc_9} TXTR flying
[13:27] {nemo} GDX popping up again like yesteday
[13:33] {dino} stop tur -.22
[13:33] {dino} stop jcp -.13
[13:33] {dino} '14 has been tough on me. calling it a day. need to figure out some things
01[13:34] {&Threei}  take care dino
[13:34] {RonS} take care dino...you will come back...
[13:35] {dino} thx, appreciate it. back at it tomorrow. ironically the few swings i had on in stsmart pro covered my daytrading losses, so, net/net even. but have to figure out my day trade issues
[13:35] {nemo} dcc dino
[13:53] {dino} guys, goes w/o saying, do not blindly trade off of me tomorrow, or for the next several days
01[13:54] {&Threei}  dino... my bet is, will take you till next week max
01[13:54] {&Threei}  not a first time
01[13:55] {&Threei}  poor white house mouthpiece defends against Gates accusations
01[13:55] {&Threei}  guy has the worst job in the world
[13:56] {nemo} yeah, and Gates is known universally as an honorable guy
01[13:56] {&Threei}  very much so
01[13:56] {&Threei}  politically agnostic, highly professional
[13:58] {+cc_9} VXX trade, get ready for it
[14:00] {Les} ty Nemo
01[14:02] {&Threei}  US) MINUTES OF THE DEC 17-18 FOMC MEETING: JOB MARKET EXPECTED TO CONTINUE TO IMPROVE; PARTICIPANTS HAD CONCERN ABOUT LOW INFLATION- Some officials did discuss changing unemployment thresholds'
01[14:02] {&Threei}  some felt a larger reduction in bond buying in December and a faster end to the program was warranted
[14:02] {nemo} what I do now?
01[14:02] {&Threei}  lol, each next line sends market in opposite direction
[14:02] {nemo} was I drunk?
01[14:03] {&Threei}  were you ever not?
[14:03] {+cc_9} no direction in market yet
[14:03] {+cc_9} 183.85 we roof
[14:03] {+cc_9} 183.25 we dogtank
[14:04] {Les} shorted GLD initially at .25 and stopped flat.
[14:04] {Les} shorted GLD at .14 stop above .25 and watched it like a hawk
[14:05] {Les} same L2 shit as TXTR
[14:05] {Les} trying to drive it higher on 3, 15, 8 shares etc
[14:05] {Les} very interesting to watch this happen
[14:05] {Les} thought the bastards were gonna get me
[14:05] {Les} then the trapdoor opened
[14:06] {Les} cc and your conversation was very enlightening
[14:06] {Les} all out .85
[14:06] {+cc_9} right now les, too much order flow bc of Fed, you see SPY wick up/down , no direction yet
[14:06] {+cc_9} there is always one fake move before it reverses to the actual EOD direction
[14:06] {+cc_9} at this level, its 50/50 since no side has yet been taken
[14:06] {Les} that might have been my luck
[14:06] {+cc_9} VXX and SPY are literally at the same price they were before fed
[14:06] {+cc_9} no change
[14:07] {Les} shorted at 13:44
[14:07] {nemo} or as Cooper says the market does the "cha cha cha"  take the third "cha"
01[14:07] {&Threei}  lol
01[14:07] {&Threei}  Les, aside of being a bit too close to the minutes release time, that was valid setup
[14:07] {Les} but watching L2 closely for first time... telling its own story
[14:08] {nemo} spaghetti trade
01[14:08] {&Threei}  I wouldn't take it for that reason, minutes release could have sent it either w'ay screaming
[14:08] {+cc_9} there you go, SPY now giving in
[14:08] {Les} thought I'd fucked up again, but GDX refused to budge off of .70
01[14:08] {&Threei}  but pure chart wise, it was a good trade
[14:08] {+cc_9} 14:04 cc_9 183.25 we dogtank
[14:08] {+cc_9} look @ the bottom of the wick
[14:08] {+cc_9} .25 on the nose, hence anything below = dog move
01[14:09] {&Threei}  bottom line in minutes as far as I can tell is:
[14:09] {nemo} cha=down  cha cha=up  cha cha cha=down
01[14:09] {&Threei}  they rejected the idea of adjusting threshold for QE ending
[14:12] {thomcbell} lvs very very firm here
01[14:12] {&Threei}  with Fed comprised mostly of doves, the fact that most thought reduction in buying was necessary is very telling
01[14:13] {&Threei} Short Setup: GLD  .80 break hl
01[14:14] {&Threei}  If holds  .90
01[14:16] {&Threei}  stop to .86
01[14:19] {&Threei}  1:1
01[14:19] {&Threei}  before fish_49 is back let me say this:
[14:19] {thomcbell} talk tomorrow am guys
01[14:19] {&Threei}  like fish ina barrel
01[14:19] {&Threei}  take care tbell
[14:21] {+cc_9} have a good one guys
01[14:22] {&Threei}  1:2
01[14:25] {&Threei}  done with GLD on a trail
01[14:26] {&Threei}  didn't get taken out at 1:3
[14:26] {Les} http://www.independent.co.uk/news/pictures/polar-vortex-best-photos-of-us-big-freeze-9046077.html
[14:39] {RonS} pm smoked
[14:40] {nemo} ebay
01[14:42] {&Threei} Short Setup: SLW  21 breeak
01[14:42] {&Threei}  If holds  .10
[14:43] {nemo} I knew it, I go pee, and ebay broke
[14:44] {Les} funny always figured you in an adult diaper
01[14:44] {&Threei}  he had to change that I guess
[14:44] {nemo} you see the shotgun too?
[14:45] {Les} riding shotgun with a male tatooed bikie while wearing a diaper?
[14:45] {Les} bit odd ain't it
[14:45] {nemo} pot calling kettle "black"
[14:45] {Les} blah blah blah
[14:45] {Les} :P
01[15:00] {&Threei}  oh god... http://www.youtube.com/watch?v=G5MS1GSftNY
[15:01] {Les} how do you find these things
[15:03] {nemo} ahhh, he's from Russia?
[15:04] {Les} ok, let me rephrase
[15:04] {Les} why share this with us?
[15:04] {nemo} he uses you as the lowest common denominator
[15:05] {Les} unless it is a familymember you'd like to introduce...?
[15:05] {Les} ty Nemo
[15:05] {nemo} it's almost not sporting
[15:05] {Les} so did you test your rabbit in the snow these last few days?
[15:06] {nemo} she's a house rabbit
[15:06] {Les} helps when skinning them
[15:06] {Les} C finally giving some back
[15:07] {nemo} is that what u call it
[15:07] {Les} well... intraday
[15:08] {Les} actually think its ready to head back to daily pivot support
[15:09] {nemo} that lower double top at vwap
[15:09] {Les} yeh notice the 15 min bb channel. see if it consolidates above .60
01[15:13] {&Threei}  Invalidated
[15:19] {Les} there goes c along with indexes
01[15:20] {&Threei}  ugh... hesitated about CAT short at .10
[15:21] {Les} half cover c here
[15:31] {Les} who is dennis rodman and what is he doing singing to the fat korean kid
01[15:31] {&Threei}  imbecile
01[15:34] {&Threei} Short Setup: GLD  .35 break
01[15:35] {&Threei}  If holds  .42
[15:37] {Les} C 2nd half stop
01[15:38] {&Threei}  1:1
[15:39] {Les} old boots
01[15:39] {&Threei}  fish
01[15:39] {&Threei}  in a barrel
01[15:40] {&Threei}  lol
01[15:40] {&Threei}  “A good friend will always stab you in the front.” - Oscar Wilde
[15:40] {Les} this coming from a gay fella. double entendre I think
01[15:40] {&Threei}  probably
[15:41] {Les} or an inside joke
01[15:45] {&Threei}  1:2
01[15:51] {&Threei}  stop to .21
01[15:51] {&Threei}  time's pressing
01[15:54] {&Threei}  to .16 now
01[15:56] {&Threei}  Ok, done
01[15:56] {&Threei}  thank you all, have a great evening
01[15:56] {&Threei}  see youi tomorrow
[15:56] {Les} a+