Feb 10 2014

Catch of the Day. 1:3 on MU, with perfectly timed exit. Dropped back under 25 since then. Setup is based on 111 TRADES course

Overall, late morning was negative, afternoon was 100% winning - depending on which trades you took or missed it could have ranged from slightly positive to slightly negative.

Session Time: Mon Feb 10 00:00:00 2014

[09:01] {RonS} gm
01[09:01] {@Threei}  morning ron
01[09:05] {@Threei}  SodaStream International Partners with SkinnyGirl
01[09:05] {@Threei}  wedding? champaign?
[09:07] {RonS} lol
01[09:13] {@Threei}  God ‏@TheTweetOfGod
01[09:13] {@Threei}  From the very first day of Creation, Mondays sucked.
01[09:16] {@Threei}  dino, ron, see YELP?
[09:16] {nemo} pennant on 15 minute
[09:18] {dino} yahoo deal
01[09:19] {@Threei}  yup
[09:26] {_darekj} gm all
01[09:26] {@Threei}  darek :)
01[09:28] {@Threei}  Bitcoin withdrawals halted
01[09:28] {@Threei}  quiet pre-market
01[09:28] {@Threei}  no clear opening play
[09:28] {RonS} Bitcoin Takes a Bloodbath as Withdrawls Remain Halted on the Mt. Gox Exchange   - http://ibankcoin.com/news/?p=102859
[09:29] {nemo} looks like we'll open flat
01[09:30] {@Threei} Short Setup: C  .60 break
01[09:30] {@Threei}  If holds  .65
01[09:32] {@Threei}  meh
[09:33] {munky} .
01[09:33] {@Threei} Long Setup:  AIG  .10 break hl
01[09:33] {@Threei}  If holds  49
[09:35] {nemo} gappy
01[09:35] {@Threei}  that's why hl
01[09:37] {@Threei}  come on AIG, 1 cent to 1:1?
01[09:37] {@Threei}  grrr
[09:38] {munky} big dive twtr
01[09:40] {@Threei} Long Setup:  MU  .90 break
01[09:41] {@Threei}  If holds  .80
[09:42] {dino} bdsi sm s .11
01[09:42] {@Threei}  stop to .84
01[09:43] {@Threei}  1:1
01[09:43] {@Threei}  serious offers at 25
01[09:43] {@Threei}  taken out
01[09:44] {@Threei}  1:2
01[09:44] {@Threei}  new 52 week highs MU
[09:45] {goinshort} nice V!!!
01[09:45] {@Threei}  1:3
01[09:45] {@Threei}  out in full
01[09:46] {@Threei}  may have more in it but it's a pullback time
[09:46] {munky} nice one
[09:47] {thomcbell} looking to buy a pullback in rax
[09:47] {_darekj} ty V!:)
01[09:47] {@Threei}  :)
[09:47] {dino} bdsi stop .31 -.20
01[09:48] {@Threei}  when fish is back from vacation, let's tel him we traded MU all day every day, and took 1:5 on each trade
01[09:48] {@Threei} Long Setup:  ABX  .30 break
01[09:48] {@Threei}  If holds  .25
[09:49] {thomcbell} xom looks like a short setup here
[09:51] {thomcbell} rax missed it
[09:52] {dino} damn bdsi rinsed
[09:53] {thomcbell} abx nice cup forming on 1 min
[09:54] {dino} bid sm l .15
01[09:56] {@Threei}  half out ABX
01[09:56] {@Threei}  stop to .29
01[09:56] {@Threei}  if fails to break .40, will drop hard
01[09:56] {@Threei}  so let's take some insurance
[09:58] {thomcbell} xom looks like a 89.81 short break
[10:00] {thomcbell} xom 1:1
[10:01] {nemo} may be slow today with the new Sheriff talking tomorrow
01[10:01] {@Threei}  oh yes
01[10:01] {@Threei}  Janet testimony
01[10:02] {@Threei}  what was the name dino? Jambo Janet?
[10:02] {nemo} Jumbo Jet Janet
[10:02] {nemo} Helicopter Ben
01[10:02] {@Threei}  right
01[10:03] {@Threei}  Sikorsky is crying in the corner
[10:03] {nemo} Now we get to watch Merkel's sister
01[10:03] {@Threei}  come on ABX, break that wall
01[10:05] {@Threei} Long Setup:  MU  25 break
01[10:05] {@Threei}  If holds  .95
01[10:05] {@Threei}  double bottom, very tight stop
01[10:06] {@Threei}  Invalidated
01[10:07] {@Threei}  ok ABX... you are almost like Gorbachev now
[10:07] {thomcbell} nlsn 44.09 long break if holding 44
[10:08] {nemo} twtr gonna' drop
01[10:12] {@Threei}  out ABX on a trail
[10:14] {nemo} .50 range spy
01[10:14] {@Threei} Long Setup:  TWTR  53 break sm
[10:14] {thomcbell} nlsn 1:1
01[10:15] {@Threei}  If holds  .80
01[10:17] {@Threei}  large offer
01[10:17] {@Threei}  if taken, should shoot up
01[10:18] {@Threei}  and if not, well... same but down
01[10:18] {@Threei}  down it is
[10:19] {nemo} can't believe how tight spy is
[10:19] {nemo} well, I can
01[10:20] {@Threei} Short Setup: FB  .75 break
01[10:20] {@Threei}  If holds  .85
[10:20] {munky} fulllot?o
01[10:20] {@Threei}  invalidated anyway
[10:20] {dino} ehth drop
[10:21] {dino} sm l .85
01[10:23] {@Threei}  valid again
01[10:23] {@Threei}  full lot, yes
01[10:26] {@Threei}  no worky
01[10:26] {@Threei}  not delighted
[10:26] {nemo} range too tight today in the indexes
[10:27] {nemo} for all intents and purposes you have a .30 range in the spy with .50 if you take in the extremes
[10:29] {dino} why is cyou going up all of the sudden?
[10:29] {nemo} funny though GS sucked wind on Friday, and isn't doing well today either
01[10:31] {@Threei}  CYOU Reports Q4 $0.82 v $0.40e, R$194.9M v $196Me; Alex Ho resigns as CFO, Erin Sheng to act as interim CFO, effective Mar 4th, 2014
[10:31] {thomcbell} out balance of nlsn
[10:32] {dino} saw that, but guidance is 1.20 negative
[10:33] {dino} must think they are lowballing it
01[10:37] {@Threei} Long Setup:  MCD  .85 break
01[10:37] {@Threei}  If holds  .77
01[10:41] {@Threei}  really not delighted
01[10:43] {@Threei}  same kind of breakdown that didn't work on FB
01[10:45] {@Threei} Long Setup:  FXI  34 break
01[10:45] {@Threei}  If holds  .95
01[10:46] {@Threei}  Invalidated
[10:46] {dino} bid stop -.30
01[10:54] {@Threei} Short Setup: LLY  .65 break
01[10:54] {@Threei}  If holds  .70
[10:57] {dino} last try, bid l .83
[10:59] {RonS} editorial catoon in paper today shows the O:  "from now on the unemployment rate will be referred to as the liberation from work rate"
01[10:59] {@Threei}  lol
[10:59] {nemo} Gram ma ma's minutes are to be released before the market opens tomorrow...so we likely get a gap one way or the other
[10:59] {RonS} not really...that is actually how they are spinning that CBO report...
[10:59] {nemo} then she speaks tomorrow and Thursday
[11:00] {nemo} is that what they're calling the automation revolution
[11:00] {nemo} ?
[11:00] {nemo} ebay likely long t .85
01[11:01] {@Threei}  looks good
[11:02] {nemo} that's kinda' why I said it
[11:02] {nemo} I'm really rather quiet
[11:02] {nemo} It's not like I like to hear myself talk
[11:02] {nemo} I'm just a regular wall flower
[11:03] {nemo} Casper Milquetoast
[11:03] {nemo} oops
[11:03] {nemo} spy still wants to come in
01[11:03] {@Threei}  your elaborate marvelousness deserves recongition
[11:03] {nemo} pivot at 179.11
[11:03] {nemo} Thanks Vad, I'll grab my ankles
[11:03] {RonS} that creep Jay Carney saying that it is good that nOcare will provide people the "choices" to quit work...all with his smarmy smirk...  beam me up Scotty
01[11:04] {@Threei}  frikin spin doctors
01[11:04] {@Threei}  replacing actual medical ones
[11:06] {nemo} http://goo.gl/D4v7eP
01[11:10] {@Threei}  I hate Mondays
01[11:10] {@Threei}  can we cancel them?
[11:10] {nemo} Boom Town Rats
[11:10] {nemo} Great song
[11:11] {nemo} They wrote it about an elementary school teacher who walked into the classroom and shot up the kids
[11:11] {nemo} True story
[11:11] {nemo} Cops asked her why she did it, "I don't like Mondays"
[11:12] {nemo} http://goo.gl/D4v7eP
[11:12] {nemo} ok...wasn't a teacher
01[11:13] {@Threei}  Janet Yellen will appear at hearings in the House on Tuesday and the Senate on Thursday. The next FOMC meeting is on March 19. Markets are hoping that Yellen will provide some sense of how the framework of the Fed's forward guidance might evolve
01[11:13] {@Threei}  Many expect Yellen to note that low inflation levels give scope for maintaining low rates for an even more extended period.
[11:13] {RonS} guess it was a perseverater then...
[11:14] {nemo} that sucked
[11:14] {RonS} ...you double posted the same link...just sayin...
[11:15] {dino} db l .90
[11:15] {nemo} nice attempt at sesquepedalianism though
01[11:15] {@Threei}  EBAY works
01[11:16] {@Threei} Long Setup:  YHOO  .55 break
01[11:16] {@Threei}  If holds  .45
01[11:17] {@Threei}  with any SPY help should be easy 1:3ers
06[11:20] * @Threei kicks YHOO in the rear end
[11:23] {nemo} funny, to me yhoo looks short here
[11:24] {munky} i think it just depends whether it goes up or down nemo
01[11:24] {@Threei}  that's profoundly deep
[11:24] {nemo} mmmhhhh...Howard COsell reincarnated
01[11:25] {@Threei}  stop to .49
01[11:25] {@Threei}  1:1
01[11:25] {@Threei}  by the book from here
[11:27] {dino} odd day
[11:28] {nemo} Debutante Janet monday
01[11:28] {@Threei}  if monday were a person... http://i.imgur.com/rLu8c77.jpg
01[11:29] {@Threei}  (US) House Republican leadership to meet this evening to formulate debt ceiling negotiation strategy - press- At the members-only meeting tonight at 05:30ET, the House Republican leadership will over over options. - A final plan will be formulated tomorrow morning at an AM conference.
01[11:29] {@Threei}  oh good
[11:29] {nemo} England France Germany closing
[11:29] {RonS} went to Walmart yesterday...like going to the zoo only you don't have to pay to get in...
[11:30] {nemo} .2 .2 -.15
01[11:30] {@Threei}  at all nemo?
[11:30] {nemo} ?
[11:30] {dino} ron, try going there after 10 pm, something else
01[11:30] {@Threei}  those 3 countries are closing?
01[11:30] {@Threei}  altogether?
[11:30] {nemo} Yeah, Ron, just make sure you've had all your shots, then take a shower when you get home
[11:30] {nemo} their markets Vad
01[11:30] {@Threei}  oh...
[11:30] {nemo} silly
01[11:30] {@Threei}  {---disappointed
01[11:31] {@Threei}  this "walmart nation" must be purely US phenomenon... never saw anything like that in Canada
[11:33] {RonS} loved the quote from a woman who said she liked going to Family Dollar because she didn't have to get dressed up like she does when she goes to Walmart...
01[11:33] {@Threei}  heh
[11:34] {nemo} Stupid people breed...very scary
[11:34] {nemo} hehehehehe...reminds me of Zhukov statement
[11:35] {dino} out bid .07, +.23
01[11:35] {@Threei}  you need to visit Russia... dress up for the quick dash to a grocery store is way above how americans dress for an opera
[11:35] {thomcbell} syna looks very vulnerable here
[11:35] {thomcbell} pattern too wide
01[11:35] {@Threei}  YHOO... just a scalp
[11:36] {nemo} vxx finnies spy iwm all in range of vwap
[11:39] {RonS} ...the Walmart customers that have a grocery cart full of all kinds of non-food stuff leave me thinking:  you need all that crap right now? really?
[11:42] {munky} yhoo worth a reenter long vad?
01[11:42] {@Threei}  with deeper pullback
01[11:42] {@Threei}  not here
01[11:42] {@Threei}  drop under .40, I'd get more interested
01[11:51] {@Threei} Short Setup: GLD  .90 break
01[11:51] {@Threei}  If holds  123
[11:53] {RonS} bks squeezing
[11:54] {RonS} sale w/ jacked prices
[11:55] {dino} sale spike
[11:55] {RonS} take me off ignore dino...
[11:56] {nemo} I hard coded it in for him Ron
01[11:56] {@Threei}  he is on 36.6 modem, ron...
[11:56] {RonS} lol...a true friend then...
01[11:56] {@Threei}  he will see your comment in about 2 minutes
[11:57] {dino} lol
[11:58] {dino} right on 2 min
[11:58] {dino} damn dial-up
[11:58] {RonS} tsla on the $200 drive
[11:58] {RonS} dino, no broadband available?
[11:59] {dino} still on dial-up w/old 286, smoking
[12:00] {dino} but seriously, cable
[12:00] {nemo} DOS charts?
[12:00] {RonS} even with the latency wouldn't sat service be a big improvement...HughesNet?
[12:00] {dino} cable ron
[12:00] {dino} just funnin' w/ya
[12:00] {RonS} ok
[12:02] {nemo} http://goo.gl/JY80tK
[12:05] {dino} pretty boring day when top 10 decliners don't change from pre-market thru now
[12:08] {RonS} bid  ...needs one
01[12:15] {@Threei}  (US) Fed watcher Hilsenrath (WSJ): Fed is encouraged that expectations for a rate hike are still out in 2015 despite unemployment moving toward the Fed 6.5% threshold - CNBC
[12:23] {dino} prcp sm s .65
01[12:31] {@Threei} Long Setup:  COV  .75 break
01[12:31] {@Threei}  If holds  .68
[12:33] {thomcbell} why builders so weak guys
[12:33] {thomcbell} Len coming into interesting level
[12:35] {dino} gs talking down housing today
[12:35] {thomcbell} thats funny gs just put len on its conviction buy list last week
[12:36] {thomcbell} what a joke
01[12:36] {@Threei}  lol
[12:37] {thomcbell} soda with a little sideways between 39 and 39.13 and i think it could be a real winner long
[12:38] {RonS} sashay w/ a skinnygirl?
01[12:39] {@Threei}  lol
01[12:39] {@Threei}  I should probably go back to bed
01[12:39] {@Threei}  this is not my day
[12:39] {munky} actually yes, please go home
[12:41] {dino} dds sm l .50
01[12:41] {@Threei}  finally
01[12:41] {@Threei}  for years I beg to let me go home
[12:41] {nemo} have a little cheese with that whin e
[12:42] {dino} czr drop
[12:45] {RonS} Caesars $CZR are not facing imminent bankruptcy but are working with Lazzard on financial restructuring, according to sources
[12:46] {RonS} ese must have written that...
[12:48] {RonS} czr stabbed...
[12:48] {dino} czr sm l .21 wide
[12:50] {dino} out czr .61, +.40
[12:50] {nemo} http://goo.gl/Y9ax8s
[12:50] {RonS} all hail...
01[12:51] {@Threei}  CZR Said to have hired advisors to assist on a potential debt restructuring; though bankruptcy is not a short term risk factor - press -
[12:51] {dino} sounds like the greeks
01[12:51] {@Threei}  no kidding
01[12:53] {@Threei}  COV, you son of a motherless goat
[12:53] {nemo} I kinda' like goats
[12:56] {dino} titn spike
[12:58] {RonS} gainers today dominated by high short intertest stocks like TITN
[13:00] {dino} dds to .80
01[13:02] {@Threei} Short Setup: TWTR  .20 break hl
01[13:03] {@Threei}  If holds  .30
[13:03] {nemo} now...are those bids real
[13:03] {nemo} ?
01[13:03] {@Threei}  look real
01[13:04] {@Threei}  yup
[13:04] {nemo} see if they get pulled
[13:04] {nemo} trap door
01[13:04] {@Threei}  absorbs selling
01[13:05] {@Threei}  two-sided setup
01[13:05] {@Threei}  if sellers don't have power to break that bid, should spike
[13:05] {nemo} time of day
01[13:06] {@Threei}  today whole day is bad time of the day
01[13:07] {@Threei}  who just threw that banan peel at me?
06[13:07] * @Threei suspiciously slants at munky
[13:08] {dino} dds to .95
[13:09] {nemo} be glad it was only a banana peel
[13:10] {munky} i have apptmts, c u tomorrow
[13:10] {RonS} ...have fun
01[13:10] {@Threei}  take care munky
[13:10] {dino} cya
01[13:11] {@Threei}  if calls start working now, we know whose fault that was
01[13:11] {@Threei}  look at TWTR who just waited for him to leave
01[13:11] {@Threei}  1:2
[13:11] {RonS} yep, was thinking that...  :)
01[13:12] {@Threei}  closed whole thing at .03
[13:12] {dino} to .99
[13:14] {dino} slipped, stop dds .96, +.46
[13:17] {nemo} chop chop chop, spy drops into vwap, then bang
[13:19] {nemo} wow, since the first hour spy volume really dropped off
[13:20] {RonS} dillahds, as they say in Texas...
[13:23] {_darekj} out of twtr ty Vad
01[13:23] {@Threei}  :)
01[13:24] {@Threei}  glad to get something right today, lol
[13:24] {RonS} the price ranges today on the stock scanner are the most restricted have ever seen...
01[13:24] {@Threei}  and yet, look at mofing COV
01[13:24] {@Threei}  can't believe this scoundel rinsed us
01[13:27] {@Threei} Short Setup: TWTR  53 break hl
01[13:27] {@Threei}  If holds  .10
01[13:31] {@Threei}  Invalidated
[13:33] {dino} db to b/e, stuck for hours
01[13:43] {@Threei}  still watching TWTR, may reestablish
01[13:47] {@Threei}  valid again
01[13:47] {@Threei}  hey ese
01[13:47] {@Threei}  how are you?
[13:48] {ese} Howdy pardner.....wanted to see if i can connect from the calgary airport:)
01[13:49] {@Threei}  oh, you are on the road still
01[13:49] {@Threei}  you can come back, temps are soaring
01[13:49] {@Threei}  +8 today
01[13:49] {@Threei}  no more this subzero nonsense
[13:50] {ese} Yup leaving calgary in an hour and a half
[13:50] {ese} Flights to Vancouver have been cancelled
[13:50] {RonS} do they have horses to sit on there rather than benches?
01[13:51] {@Threei}  lol
01[13:51] {@Threei}  why, what's happening in Vancouver?
[13:51] {ese} Minus 35 at one point minus 37 with the wind chill in red deer last night
[13:52] {dino} not missing much in mkt today ese
01[13:52] {@Threei}  yikes
[13:52] {ese} Got me vad
[13:52] {RonS} red deer named for a deer w/ a chapped ass?
01[13:52] {@Threei}  -37... 3 more and C anf F meet
01[13:52] {@Threei}  ok TWTR
01[13:52] {@Threei}  break
[13:52] {ese} Cya all tomorrow
01[13:53] {@Threei}  be a gorbachev
01[13:53] {@Threei}  safe flight ese
01[13:53] {@Threei}  wow
01[13:53] {@Threei}  1:1
01[13:53] {@Threei}  if you got it, lol
01[13:53] {@Threei}  I really doubt though
01[13:53] {@Threei}  unless you enetred aggressively, that was unobtainable
01[13:54] {@Threei}  anyone managed to get in?
[13:54] {RonS} wow feye
[13:55] {dino} feye short squeezer
01[13:57] {@Threei}  this is one ironic piece of news:
01[13:57] {@Threei}  BlackBerry Exec VP of Messenger has left the company over disagreements over future integration of messaging within the company
01[13:58] {@Threei}  there is future? messenger or not
01[13:59] {@Threei}  P Hearing Susquehanna makes positive comments
01[13:59] {@Threei}  P interesting for long on pullback
01[13:59] {@Threei}  just under .20 would be intirguing
[14:00] {RonS} such a nice squaw...
01[14:01] {@Threei}  doesn't feel like pullback is forthcoming...
01[14:01] {@Threei} Long Setup:  P  .35 break hl
01[14:01] {@Threei}  If holds  .25
01[14:02] {@Threei}  possible squeeze
01[14:03] {@Threei}  premature shorts...
01[14:03] {@Threei}  often get destroyed in such spikes
01[14:03] {@Threei}  still, a bit too volatile, so hl
01[14:05] {@Threei}  let's trail to .29
01[14:05] {@Threei}  want to keep risk to a minimum
01[14:05] {@Threei}  1:1
01[14:06] {@Threei}  balance to .34
01[14:06] {@Threei}  and by the book
01[14:09] {@Threei}  out balance on a trail
01[14:09] {@Threei}  too bad, looked like bigger squeeze
01[14:10] {@Threei}  .50 held too stubbornly, spooked buyers
01[14:11] {@Threei}  crap... lol
01[14:11] {@Threei}  just enough of a pullback to shake out second half
01[14:16] {@Threei} Long Setup:  P  .50 break hl
01[14:16] {@Threei}  If holds  .40
[14:19] {dino} out db .93, +.03
01[14:19] {@Threei}  valid still
[14:20] {RonS} gj...now w/ .05 in bid you can go to starbux
01[14:20] {@Threei}  lol
[14:20] {RonS} :)
[14:20] {nemo} spy to test 180 and the monthly pivot
01[14:20] {@Threei}  what a stubborn seller
01[14:22] {@Threei}  Invalidated
01[14:22] {@Threei}  for now
[14:22] {thomcbell} and mid bollinger is 180.09
[14:25] {RonS} ezpw
01[14:31] {@Threei}  need one more pullback, then break
01[14:31] {@Threei}  and need pullback to bottom out above .40
[14:31] {nemo} spy volume really throttled down today
01[14:32] {@Threei}  ok... P breakout is valid again, but this is last time
01[14:32] {@Threei}  if this one invalidates, that's it
01[14:33] {@Threei}  lol
01[14:33] {@Threei}  1:1
01[14:33] {@Threei}  good luck getting in
01[14:33] {@Threei}  teleportation
01[14:34] {@Threei}  squeeze
01[14:35] {@Threei} Long Setup:  NQ  18 break hl
01[14:35] {@Threei}  If holds  .90
01[14:36] {@Threei}  P is killing shorters
[14:36] {nemo} bull market
[14:37] {nemo} nothing going on and we can't help but go up
01[14:38] {@Threei}  well... when SPY approaches its recent high, we will know whether it's still a bull market
01[14:38] {@Threei}  for now, working assumption is pullback in a bull
[14:38] {nemo} has to drop the 200 day...we've never done anything but bounce off the first important support
01[14:39] {@Threei}  but there are signs of deterioration
01[14:39] {@Threei}  and if it can't make a new high, double top and trend reversal are likely
[14:39] {nemo} I would think consolidation this year
01[14:40] {@Threei}  year? that's way too long to forecast anything :)
[14:40] {nemo} be tough to have another year like last year
01[14:40] {@Threei}  too many moving parts
06[14:40] * @Threei kicks NQ in the rear end
[14:40] {nemo} SPY just reached the monthly pivot
01[14:41] {@Threei}  1:1  NQ
01[14:41] {@Threei}  so now we know for sure who caused a few stops earlier in the day
[14:42] {nemo} ?
01[14:42] {@Threei}  frikin P did 1:4...
01[14:42] {@Threei}  munky, nemo...
01[14:42] {@Threei}  every trade worked since he left
[14:42] {nemo} ahhhh
[14:42] {dino} ban him, lol
01[14:43] {@Threei}  [13:10] {munky} i have apptmts, c u tomorrow
01[14:43] {@Threei}  look at all the rades since that moment, lol
01[14:43] {@Threei}  I can't, dino... he throws banana peel with enviable precision
[14:46] {dino} then change him nick to baboon
[14:46] {nemo} LanceLink
01[14:46] {@Threei}  you guys are meanies
[14:46] {nemo} pot meet kettle
01[14:46] {@Threei}  my gentle soul wilts listening to you
[14:47] {RonS} baboon are viscious
[14:47] {nemo} vicious even
[14:49] {RonS} ttek spike
[14:50] {RonS} TTEK Tetra Tech Announces $700M USAID Natural Resource Mgmt Contract
[14:50] {dino} cxw drop
[14:57] {dino} cxw smr l .85 wide
[15:00] {RonS} California wins two-year extension in fight over inmate releases
[15:00] {nemo} hope they release them
[15:02] {RonS} why cxw and geo hit...
[15:04] {thomcbell} its about time
[15:06] {thomcbell} tlt day high
[15:10] {dino} cov prcp ave +.06
[15:10] {dino} bugger, jumping all over the place
[15:11] {dino} out cxw .25, +.40
[15:12] {nemo} dino, see how outsize the gain in vxx is versus the drop in the indexes...people a bit skittish ahead of Yellen
[15:13] {nemo} since 2:45 that is
[15:14] {dino} yeah, i see that
01[15:21] {@Threei} Short Setup: GLD  .85 break
[15:25] {dino} cuda spike
[15:27] {dino} bioa spike
01[15:30] {@Threei} Long Setup:  P  .60 break
01[15:30] {@Threei}  If holds  .54
01[15:33] {@Threei}  held support perfectly so far
01[15:33] {@Threei}  double bottom, tail
01[15:33] {@Threei}  trigger now, and go
[15:33] {nemo} two way now
01[15:33] {@Threei}  I won't short it here
01[15:33] {@Threei}  35, I would
[15:34] {nemo} .20-.25 would be downside target
01[15:34] {@Threei}  ok... move your P-ish butt now
01[15:35] {@Threei}  half out
01[15:35] {@Threei}  stop .59
01[15:38] {@Threei}  trigger and die, GLD
01[15:39] {@Threei}  now would be good
[15:39] {dino} se spike
[15:39] {dino} wtf 35-40 and back in seconds
01[15:40] {@Threei}  1:1  GLD
01[15:40] {@Threei}  good girl
01[15:40] {@Threei}  it's munky, I am telling you
01[15:40] {@Threei}  (US) Treasury implements additional measures to help avoid debt limit; reiterates calls for lawmakers to avoid breaching the debt ceiling- US expected to reach the debt ceiling on or around Feb 27 - Reminder: Reports are that Republicans are meeting tonight to discuss their strategy on the debt ceiling debate
01[15:42] {@Threei}  1/4 more out P
01[15:42] {@Threei}  got .78
01[15:43] {@Threei}  stop .69
01[15:43] {@Threei}  1:2
01[15:44] {@Threei}  can't believe how consistently everything worked in the afternoon, vs. late morning
01[15:44] {@Threei}  when nothing did
[15:45] {dino} strange day, i worked pretty hard to only get half of goal
[15:45] {goinshort} thanks V - seeya tomorrow
01[15:46] {@Threei}  take care gs
[15:52] {thomcbell} soda trades real well now
[15:54] {nemo} everything going out near the highs....gap up tomorrow?
[15:54] {_darekj} see you tomorrow, good day for me TY Vad
01[15:54] {@Threei}  good to hear darek
[15:54] {dino} calling it a day, gn
01[15:55] {@Threei}  clsoing last 1/4 3.14
[15:55] {thomcbell} take care all
01[15:55] {@Threei}  thom :)
01[15:55] {@Threei}  Ron?
01[15:55] {@Threei}  P?
01[15:55] {@Threei}  3.14?
01[15:55] {@Threei}  come on...
01[15:55] {@Threei}  can't get any cornier here
01[15:56] {@Threei}  thank you all, have a good evening, see you tomorrow

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: The Correction Corrects

- The week began with a massive sell-off, as the DJIA and S&P500 fell more than 2% a piece on Monday and closed at their lows, while the DJIA also fell below its 200-day moving average for the first time since October. The declines came after a bad slide on the prior Friday and were exacerbated by another discouraging Chinese PMI reading. On Tuesday, the Nikkei saw a 4% slump, but global markets bottomed out mid-week and then recouped all of their losses. In Europe, healthy-looking PMI data helped limit losses, while the mixed US jobs report did not damage the bounce-back on Friday. Emerging market currencies stabilized this week following the recent round of rate hikes. For the week, the DJIA rose 0.6%, the S&P500 gained 0.8% and the Nasdaq added 0.5%.

- The January US non-farm payrolls figure widely missed expectations and the December figure was revised higher by a mere 1K, making for the weakest two-month period of job growth in three years. However, investors are looking past this to find some pretty good news in the numbers. The lack of upward revisions in December data was still blamed on harsh weather, and the November payroll gains were revised higher again to 274K from 241K. More significantly, unemployment rate fell again to 6.6% while the labor force participation rate edged up to 63%, and employment measured by the household survey increased by 616K, complemented by a huge decline in part-time employment.

- Janet Yellen was officially sworn in as the new Fed chairman this week. Nearly everyone expects a pretty smooth transition, with Yellen very unlikely to make any changes to the course charted by helicopter Ben. She will have to deal with policy contradictions now that unemployment is nearly at the Fed's 6.5% threshold while job growth remains anemic. At the December meeting, the Fed extended its forward guidance by stressing that low rates will likely remain appropriate "well past" reaching the 6.5% threshold, however market rates are still creeping higher. Next week will see Yellen's first big policy statement, during Congressional testimony on the economic outlook and monetary policy. Several Fed officials this week, both hawks and doves, affirmed that tapering was still on track and that it would take a significant change in the data to force them the reconsider it.

- Despite the week-long Lunar New Year holiday on the mainland, China released the official PMI figures for the month of January on Monday. Much like the disappointing HSBC final PMI readings, the government figures described more deterioration with manufacturing PMI falling to 50.5, a six-month low, and non-manufacturing falling to 53.4, a 23-month low. Perhaps most notable among components, the employment reading in the manufacturing sector fell to an 11-month low. Meanwhile, the China Commence Ministry reported 2014 Lunar New Year "golden week" retail sales that were up a mere +13.3% y/y, the slowest pace of growth on record for the key holiday retail period.

- Shares of Twitter were down as much as 24% on Wednesday after the firm released its first quarterly report as a publically traded company. Twitter's headline EPS and revenue numbers were much better than expected, but traders and analysts insist that slowing user growth and weaker engagement trends seen in metrics bode ill for the firm. In addition, the first round of lock-up expirations arrives on February 15th, followed by another round on May 7th. Cult tech names Pandora and LinkedIn saw losses as well in the wake of problematic quarterly results. Both firms disclosed decent fourth-quarter results but offered guidance that widely missed consensus estimates.

- Time Warner reported strong fourth-quarter results. Analysts focused on the company's decision to break out separate HBO revenue figures for the first time. HBO took in $1.26B compared to $1.19B y/y, citing the consolidation of Asia and certain European operations for the 4% gain. This compares to Netflix's $1.18B in revenue in the quarter.

- On Thursday, Apple disclosed that it has repurchased $14B in common stock over the last two weeks, amounting to 3.1% of its market cap. Over the last 12 months, the company said it has bought back $40B in stock, an all-time record for Apple or any company. CEO Cook said that the company had been surprised by the 8% decline on Jan 28th that came after reporting quarterly results. He also pledged to return $100B to shareholders by the end of 2015.

- Shares of Ford and General Motors saw losses early in the week after reporting weak January auto sales. Ford's January sales skidded 7% y/y while GM's slid 12% y/y. Both firms blamed the terrible winter weather in most of the country throughout the month. A Ford sales executive said that in areas where the weather was good, such as in the West, sales were up. Chrysler's January sales were up 8%, with gains credited to strong demand for Jeep Cherokee. In its quarterly report on Thursday, GM disclosed net income up a weak 2% and adjusted EPS well below expectations, but the company insisted its calendar year outlook remains unchanged.

- Microsoft officially named Satya Nadella as its new CEO and said Bill Gates will step down as chairman to become a technology advisor. When Steve Ballmer stepped down there were widespread reports that Microsoft needed a fresh face from outside the firm to shake things up, but Nadella has been with the company for 22 years, most recently heading up the cloud computing division.

- According to reports, last week saw massive reallocations among funds. A Citigroup analyst wrote that a record amount came out of equity funds and flowed into bond funds, and over 95% of the flows were in and out of ETFs. In the week ended Feb 5th, there was a $14.8 billion inflow into bond funds and a $28.3 billion outflow from equity funds. In addition, this was the 15th week of outflows from emerging market equity funds, while China funds ended a six-week run of inflows with a small outflow.

- In the summer of 2012, ECB President Draghi said the ECB would do whatever it takes to save the euro, in a move that marked the beginning of the end of the euro crisis. Among his biggest weapons standing behind that promise was the OMT bond buying program. In a long awaited decision out this week, Germany's highest court declined to rule on the program's constitutionality and deferred to the EU's highest court. In its decision, the German court said there were substantial reasons to believe that the OMT program exceeds ECB mandates but did not rule it was unconstitutional.

- There were no big surprises in either the BOE or ECB rate decisions. President Draghi took a less dovish tone in the post-rate decision press conference than some had expected, hammering home the point that the ECB is in no rush to cut rates. Draghi squashed speculation of any imminent halt to the SMP sterilization process and reiterated there was no deflation in the eurozone. EUR/USD climbed over 100 pips as the press conference progressed, putting the pair right back above 1.3600. The BoE offered no comments even as ILO unemployment dropped to just above the bank's 7% forward guidance threshold. Sterling fell to a two-week low around 1.6370 after the miss in the January UK PMI Manufacturing data.

- Following the Nikkei close at a 4-month low early in the week some analysts noted that BOJ would likely buy ETFs to keep the 225 Index above 14,000. The USD/JPY moved off its 2-month low of 100.73 to regain a footing above 101.30.

- In its decision this week, Australia's RBA abandoned easing bias and propelled the AUD to three-week highs as participants scrambled in a short covering rally. The RBA dropped language referring to AUD as "uncomfortably strong." The RBA's Edwards attempted to curb the post-decision strengthening trend by asserting that the AUD's decline was not necessarily over. Recall that the AUD/USD 0.90 handle has been a verbal intervention point in the past.

TradeTheNews

Feb 07 2014

Not very active but profitable day, with one stop and one scratch, the rest of trades being profitable. Opening short on FB for 1:3 set the tone, a few scalps on JPM and GLD helped.


Session Time: Fri Feb 07 00:00:00 2014
[08:29] {nemo} Here it comes......
[08:29] {nemo} boom
[08:29] {nemo} or should I say Timberrrrrrrrrrrrr.......
[08:30] {nemo} ANARCHY!!!!!!!!!!  TONIGHT WE DINE IN HELL!!!!!
[08:30] {nemo} a bit over the top?
[08:30] {nemo} sorry...
[08:30] {fish_49} yea
[08:30] {nemo} not really
[08:30] {nemo} frickin' meds need rebalancing
[08:31] {nemo} whoa
[08:31] {fish_49} mix with booz
[08:31] {nemo} always
[08:31] {fish_49} you know what happens when mixing alcohol with words  right?
[08:32] {fish_49} Tequila Mockingbird
[08:32] {nemo} I'll take the worm
[08:38] {fish_49} the numbers were not bad  the drop not justified
[08:38] {nemo} 113 vs 183 expected?
[08:38] {nemo} 175 expected
[08:39] {nemo} that's pretty bad, but they may be arguing it's because of the weather
[08:39] {dino} its always something
[08:39] {fish_49} dino you trade the ES or the Currency futures?
[08:39] {dino} no
[08:40] {dino} most i do are the etf on them
[08:41] {fish_49} Nemo  Previous 75K actual 113K  the 185K means they don't have a clue on what to expect...  The rate fell a fraction  I  really dont see that as terrible news ...
[08:52] {nemo} 178.29 weekly pivot
[08:57] {nemo} what, you looking at unemployment rate fish?
[08:57] {fish_49} prev  6.7  actual 6.6  a fraction lower is not bad news
[08:58] {nemo} I find that statistic to mean nothing because you're only considered unemployed if you are looking for work
[08:58] {nemo} if you aren't even bothering, you're not included
[08:59] {fish_49} NFP missed consensus  by  large amount  but still better than previous  and seeing improvement.  I'm no expert but  I find the numbers as not good and not bad
[09:00] {nemo} I actually just am interested in the market reaction
[09:01] {fish_49} Yea  I agree
[09:01] {fish_49} still holding up
[09:01] {nemo} Lies, Damn Lies, and Statistics
01[09:10] {@Threei}  market is utterly confused
[09:11] {fish_49} it's because of you canadians
[09:11] {fish_49} your emplyment numbers were better than ours  lol
[09:25] {munky} morn
01[09:26] {@Threei}  munky :)
[09:27] {RonS} hi guys
01[09:27] {@Threei}  ron :)
[09:27] {munky} ron:)
01[09:30] {@Threei} Short Setup: C  .10 break
01[09:30] {@Threei}  If holds  .20
[09:33] {dino} aan
01[09:34] {@Threei} Long Setup:  FB  .50 break
01[09:34] {@Threei}  If holds  .40
01[09:35] {@Threei}  1:1
01[09:37] {@Threei}  1:2
01[09:37] {@Threei}  1:3
01[09:38] {@Threei}  1:4
01[09:38] {@Threei}  out
[09:39] {fish_49} Vad,  You trade 1/2.. 1/4  then 1/4?
[09:40] {fish_49} do you just save the last 1/4  for 1:4  sometimes?
01[09:40] {@Threei} Long Setup:  JPM  .70 break
01[09:40] {@Threei}  If holds  .60
[09:40] {dino} g sm l .39
01[09:41] {@Threei}  for the most part, 3 parts for 1:3. Holding for 1:4 or partialing in 4 parts when I feel strongly about larger move
01[09:41] {@Threei}  1:1
[09:43] {dino} out g .83, +.44
01[09:44] {@Threei} Long Setup:  GLD  .40 break
01[09:44] {@Threei}  If holds  .30
01[09:46] {@Threei}  stop to .34
01[09:46] {@Threei}  1 cent shy of 1:1
[09:48] {dino} aan sm s .49
[09:48] {RonS} took g 14.61 out 15.45 +.84  thanks dino
01[09:49] {@Threei}  wtg
01[09:50] {@Threei}  1:1
[09:51] {dino} wtg ron
[09:52] {dino} ann stop .76 -.27
[09:54] {RonS} mdso blood
[09:56] {dino} missed yesterday
[09:57] {RonS} tpx losing spring
01[09:57] {@Threei} Long Setup:  JPM  .45 break
01[09:57] {@Threei}  If holds  .40
[09:57] {nemo} oh crissakes
[09:58] {dino} aan rinsed
01[09:59] {@Threei}  Invalidated
[09:59] {RonS} dino, whadya expect with an aaron going by aan...tranny trade...
[10:00] {RonS} :)
01[10:00] {@Threei}  *(UK) JAN NIESR GDP ESTIMATE: 0.8% V 0.7% PRIOR
[10:03] {dino} lol
01[10:06] {@Threei} Long Setup:  JPM  .40 break
01[10:07] {@Threei}  If holds  .34
[10:07] {dino} aan sm s .50, bit wider
[10:08] {dino} wyn, 68.20 trig sm l
[10:08] {dino} cx that wyn
01[10:10] {@Threei}  GLD rinsed second half
01[10:10] {@Threei}  half-somg
[10:11] {dino} wyn sm l .45
01[10:14] {@Threei}  Invalidated
[10:17] {dino} aan to .01
[10:20] {dino} aan bstop to .79
[10:21] {dino} cov aan .79,
[10:21] {dino} +.71
[10:21] {RonS} gj
[10:21] {fish_49} awesome
[10:21] {dino} ty
[10:25] {dino} wyn re-load .00
[10:25] {dino} sm
[10:27] {dino} stupid mistake, had .50 on wyn ugh
[10:27] {dino} dropping fast
[10:28] {RonS} thing is pulpy...only 2 blocks traded...going to 68.50 some time today
[10:31] {dino} wyn ron?
[10:32] {RonS} yes
[10:32] {dino} fldm?
[10:33] {dino} i was thinking vwap wyn
01[10:34] {@Threei}  (US) Goldman Sachs Chief Economist Hatzius: Economy is slowing a bit - CNBC
01[10:34] {@Threei}  yeah, it was blazingly fast up to this point
[10:34] {fish_49} lol
[10:34] {RonS} what is vwap wyn?
01[10:35] {@Threei}  (US) Fed Watcher Hilsenrath (WSJ): Fed Chair Yellen will most likely maintain the existing monetary policy course in light of recent payrolls and unemployment data
[10:35] {fish_49} 68.11  ron
01[10:35] {@Threei}  is this a new profession, Fed Watcher?
[10:35] {dino} 68.17
01[10:35] {@Threei}  I understand what vampire slayer watcher does... fed watcher?
01[10:35] {@Threei}  do they hire?
[10:35] {fish_49} Vwap can be different between platforms?
01[10:36] {@Threei}  I can watch fed for a decent salary
[10:36] {fish_49} Take pics of the fed  Vad
[10:36] {dino} free stock charts has 68.20, das 68.15
01[10:37] {@Threei}  FSC has incomplete data
[10:37] {fish_49} Trade Station has .09
[10:37] {nemo} FSC only uses market hours data, DAS uses pre post also
01[10:37] {@Threei}  not that those cents matter a lot
01[10:37] {@Threei}  it's a zone that matters
[10:38] {fish_49} agree
[10:38] {fish_49} order flow when it left that zone
01[10:38] {@Threei}  that's the theory anyway
01[10:39] {@Threei} Long Setup:  JPM  .40 break
01[10:39] {@Threei}  If holds  .30
01[10:42] {@Threei}  change to aggressive
01[10:43] {@Threei}  in here .31
01[10:43] {@Threei}  stop .24
[10:51] {RonS} bingo wyn 68.45 +.95
[10:52] {dino} out wyn 68.30, +1.30
[10:52] {RonS} wtg
[10:52] {dino} ty
01[10:52] {@Threei}  nice
[10:52] {RonS} wyn traders don't pay attention to stinkin vwap...
[10:53] {dino} lol
[10:54] {RonS} now the chaikin channel however very important :)
[10:54] {fish_49} especially if it's different among charting packages.
[10:54] {RonS} and the fibs omg the fibs...
[10:54] {nemo} knew you were a liar
[10:54] {fish_49} fibs are liars?
[10:55] {dino} k.i.s.s. theory here. you guys are losing me
01[10:55] {@Threei}  1:1
01[10:55] {@Threei}  I gave up long ago dino
01[10:55] {@Threei}  tree good, fire bad.... what else do you need
[10:55] {dino} w/ya
[10:56] {nemo} starts with "b"  ends with "b"
01[10:56] {@Threei}  yes but that you get with no stinkin wvap
01[10:57] {@Threei}  and ron... chaikin channel got nothing over ichimoku cloud
[10:57] {dino} wyn trail was too tight
[10:57] {fish_49} at lunch who would be as so kind to explain the WYN set up?
[10:57] {nemo} there's no xplainin' Dino
[10:57] {dino} high vol fast drop, reverse
01[10:57] {@Threei}  dino's inexplicable fish
[10:57] {fish_49} ahhh catching a bottom?
[10:57] {nemo} that's a hammer at the bottom on the 1 minute
01[10:57] {@Threei}  and famous for that
[10:59] {dino} hers what i saw fish (nemo the technician, not i). high volume drop/capitulation, then starts higher lows/highs on way back, .00natural trigger (multiples of .25 typically), once thatreached target vwap, unless scalping
[11:00] {nemo} too funny...wyn got to 69...then turned around
[11:00] {dino} but thats just me. lots of ways to trade
[11:00] {RonS} fish wyn was a low volume selloff on a modest earnings disappointment...1. has happened before 2. no institutional selling to speak of 3. dino loves looking for a tail...
[11:00] {dino} enjoy tail
[11:01] {RonS} lol
[11:01] {fish_49} lol
[11:01] {nemo} best javelin catcher I've seen
01[11:01] {@Threei}  who doesn't
[11:01] {fish_49} I hope  not fish tail
[11:01] {RonS} lol
[11:01] {nemo} you make good chum
01[11:01] {@Threei}  or lox
[11:01] {fish_49} onestly  thanks for the explanation
[11:01] {fish_49} H8
[11:02] {fish_49} Honestly thanks for the explanation
[11:02] {fish_49} fat fingers today
[11:02] {nemo} understandable given your picture
01[11:02] {@Threei}  I wish I could use that "today" qualifier
[11:02] {fish_49} safety off  Nemo
06[11:03] * nemo loads magazine..charges
[11:04] {dino} fish, i don't use lots of indicators, pretty much tails (fast falls/or spikes), s1,s2,s3, vwap, r1,r2,r3, volume spikes, and 1,5,30,90 day charts
[11:04] {RonS} some ceo in denver committed suicide w/ a nail gun...must have been realy pissed at himself since started on his torso...then head...ouch
[11:05] {dino} nemo educated me about vwap and s3 breakdowns
[11:05] {dino} they have pretty good success ratio of working
[11:05] {nemo} gives the price action geographic markers
01[11:05] {@Threei}  I say mazo session gone wrong, ron
[11:06] {dino} ci going for gap 74.50-75.50?
[11:07] {fish_49} so correct me if I'm wrong,  In general  if we lose S3 , get short and stay short
[11:07] {dino} fldm gap around 40
[11:07] {dino} not i fish, s3 usually magnet up target
[11:07] {dino} after fast drop
[11:07] {dino} 67% reversal
[11:11] {nemo} when a stock goes above or below R3, it only makes it to R4 10% of the time, which means you're usually going to get a reversal
01[11:11] {@Threei} Short Setup: GLD  .80 break
01[11:11] {@Threei}  If holds  .90
[11:13] {RonS} fish if interested in this stuff, read John Person's "Candlestick and Pivot Point Trading Triggers"
[11:13] {nemo} yeah, I have a .pdf of it if you want
01[11:13] {@Threei}  met the guy couple years ago
01[11:13] {@Threei}  we gave seminar in LV together
[11:13] {nemo} yeah, questionable character...he liked Vad
01[11:14] {@Threei}  one of few who know what they are doing
[11:15] {RonS} fish here is a free calculator:  http://www.livecharts.co.uk/pivot_points/pivot_points.php
01[11:15] {@Threei}  1:1
[11:16] {nemo} I can share my multi-timeframe spreadsheet also if you guys want
[11:16] {nemo} you'll need google drive though
[11:21] {fish_49} thanks Ron  I have Pivot points on my charts  from Trade Station
[11:28] {RonS} wyn had another buck in it :(
[11:34] {dino} and then some
[11:34] {RonS} omg wyn...$2
[11:35] {fish_49} Gap Fill
[11:35] {fish_49} lol
[11:35] {RonS} told you it was pulp...
[11:35] {dino} knew that going in
[11:36] {dino} value-added research today, feye, wedbush raises target from 42 to 60. stock opened at 66
[11:36] {RonS} ya, we've traded earnings on it before...
06[11:42] * @Threei trips GLD and pushes it off the cliff
01[11:48] {@Threei}  - Germany's constitutional court did not take away ECB President Draghi's biggest policy bazooka in its decision this morning, however it did say there were substantial reason to believe that OMT sovereign bond program exceeds the ECB mandate.
01[11:48] {@Threei}  The court passed the final decision on the OMT to the EU's highest court and said it would rule separately on the ESM in March.
01[11:48] {@Threei}  whimps
[11:51] {RonS} mont the full monty
[12:04] {dino} fraud allegations
[12:04] {fish_49} Who  Nemo?  we all knew he was a fraud
01[12:05] {@Threei}  come one fish, it's just unproven allegations
01[12:09] {@Threei}  uh oh
01[12:09] {@Threei}  (GR) Greece Fin Min Stournaras: There is no need for a third aid package for Greece - interview
01[12:09] {@Threei}  I know what I am betting on
01[12:09] {@Threei}  now that it's officially denied
01[12:10] {@Threei}  Reportedly flight from Ukraine was hijacked and made an emergency landing in Istanbul- According to Turkish state media, a Pegasus Airlines flight is being held in safe zone at Istanbul airport after it sent hijacking signal. - Follow up: a negotiating team is still talking to the hijacker in the plane.
[12:17] {fish_49} Vad did you grow up in Ukraine?
[12:17] {nemo} he never grew up
01[12:17] {@Threei}  I never grew up, but it did happen in Ukraine, yes
[12:18] {nemo} Vad would make a great ventriloquism dummy
01[12:18] {@Threei}  considering that I left it at the tender age of 35, you may call it a protracted period of never growing up
01[12:18] {@Threei}  out of who, nemo?
[12:18] {nemo} whom
[12:19] {nemo} preposition takes the dative object case
[12:19] {fish_49} Ohhh Myyyy
01[12:19] {@Threei}  one of the cities featured in recent photos and videos of riots was Dnepropetrovsk
01[12:20] {@Threei}  lived there for 5 years while in univercity
01[12:20] {@Threei}  that's 40 km from my native town
[12:20] {nemo} what's that translate as, city on the Dneiper?
01[12:21] {@Threei}  incredible sight, to see these riots and fights with police in places I know as a back of my hand
01[12:22] {@Threei}  Dnieor as a rivcer name, and Piotr as in tzar's name
01[12:22] {@Threei}  Dniepr
[12:22] {nemo} yeah, Dneiper in English or German
01[12:22] {@Threei}  kind of: Piort's city on the Dniepr
01[12:23] {@Threei}  good girl GLD
[12:23] {fish_49} Dnipropertrovs'k
[12:23] {fish_49} I would have now idea how to say that word
01[12:24] {@Threei}  well, my own town is even worse
[12:24] {fish_49} no*
01[12:24] {@Threei}  I used to answer question about the reason for my immigration: because I got tired of breaking my tongue of my city's name
01[12:25] {@Threei}  there was a famous murderer among reviloutioners, Dzerzhinsky
[12:25] {nemo} hehehehe
[12:26] {nemo} they name a Square after him?
01[12:26] {@Threei}  name of the city is modeled after the one above, only with this name...
01[12:26] {@Threei}  Dnieprodzerzhinsk
01[12:26] {@Threei}  go ahead, try that :)
[12:26] {fish_49} is your city Vad?
01[12:26] {@Threei}  yup
[12:26] {munky} fish, dcc
01[12:26] {@Threei}  Brezhnev's too
[12:37] {fish_49} munky  I found a solution for Pivot Points on DAS
01[12:39] {@Threei}  they are among studies available? :)
[12:40] {fish_49} yes but  not as overlay on the chart...  must put them in a grid below chart  like below Volume
[12:40] {fish_49} let it calculate  then add the horizontal line to your chart each day manually
[12:41] {fish_49} so really there is no difference in just getting the numbers from NemoToad  every day or some other site
[12:41] {fish_49} but at least you could have the numbers for each stock you trade
[12:50] {dino} panw s .80
[12:52] {dino} cov .60, +.20 panw
[12:52] {nemo} spy looks like it's going for the 179 stops
[12:52] {dino} too soon
[12:52] {fish_49} that was fast Dino  when you said .80  I typed panw and it was gone
[12:54] {dino} gappy sucker
[13:02] {dino} wow, dropped a buck
[13:08] {dino} gmcr wow. einhorn getting crushed on his shorts lately
[13:08] {nemo} after the KO news he better have gotten out
01[13:08] {@Threei}  he is trying to catch up with ackman
[13:13] {fish_49} I was just gonna say  Look at Cat for a short
[13:22] {dino} yy spike
[13:22] {RonS} yy not?
01[13:23] {@Threei}  no news, don't know yy
01[13:23] {@Threei}  ah, here is yy
01[13:23] {@Threei}  YY Hearing Deutsche Bank upgrades to Buy
01[13:54] {@Threei} Short Setup: SPY  .20 break
01[13:54] {@Threei}  If holds  .30
01[13:56] {@Threei}  no go
[14:06] {dino} vxx l .90
[14:15] {dino} to .00
[14:15] {nemo} thing .28 at a minimum
[14:16] {dino} out .02, +.12 vxx
[14:16] {RonS} gj
[14:17] {dino} ty
01[14:25] {@Threei} Long Setup:  MCD  .85 break
[14:25] {dino} adhd spike
01[14:25] {@Threei}  If holds  .78
01[14:31] {@Threei}  ok MCD
01[14:31] {@Threei}  get yourself a burger and let's go
[14:32] {dino} damn thought adhd had one more spike up in it
01[14:32] {@Threei}  well dino, it did... but being ADHD, it forgot
[14:33] {RonS} lol
[14:33] {fish_49} Vad has Jokes On Friday's  huh?
01[14:33] {@Threei}  Ron... you are getting more and more competition
[14:33] {RonS} ya, that was corny enough to be one of mine...
01[14:33] {@Threei}  thank you sir
01[14:34] {@Threei}  coming from you, appreciated very much
[14:34] {RonS} lol
[14:35] {RonS} now when you get nemo to moan you will be all the way there...
[14:35] {RonS} ...for better or worse so to speak...
[14:35] {fish_49} Ohh  TMI
[14:35] {fish_49} Dont want to thin about Nemo Moaning
[14:35] {RonS} ...then we will definitely need will back for an audience...
[14:36] {dino} lol
[14:38] {fish_49} ok I got Pivots to display on Charts in DAS  but you need to update and run the latest version which is 3.2.0.3
[14:39] {fish_49} it's a quick update and I didnt notice any differences  after updating
[14:40] {dino} tza l .91
[14:42] {fish_49} can add Vwap to the chart also
[14:42] {fish_49} Next week I will write a manual with pictures
[14:43] {fish_49} gota run  See you guys late next week
[14:44] {RonS} have a good time swimming aand don't get eaten...
01[14:44] {@Threei}  take care fish
01[14:44] {@Threei}  we will trade your MCD for you if you wish
01[14:44] {@Threei}  did I just make a rhyme?
[14:44] {fish_49} damn  Vad on a roll today  Fish Wish
01[14:44] {@Threei}  friday...
[14:45] {fish_49} I like Wisha Fish  I was member of that foundation  to take out sick kids  fishing on the bay
[14:45] {fish_49} I should change name to WishaFish
[14:46] {dino} tza stop .04 -.07
[14:47] {dino} remember that mcd song, fishy, fishy, fishy
[14:49] {dino} viix l .81
[14:50] {dino} out viix .98, +.17
[14:58] {RonS} wow 42 outside that seems like 70 after three days not over 17...
[14:58] {dino} still in teens here
[14:58] {nemo} oh, for a second there I thought you were talking about Les's IQ
01[14:58] {@Threei}  and we got some snow
[14:59] {dino} lol, we just got 15" on wed
[15:02] {dino} hod
01[15:06] {@Threei}  maybe let's cut MCD
01[15:07] {@Threei}  doesn't look like it has will to move
01[15:08] {@Threei}  putting .84 stop
01[15:08] {@Threei}  eithr it moves from here or I am out
[15:08] {nemo} if VXX doesn't run, nobody is afraid to go long into the weekend
01[15:08] {@Threei}  feels this way do far
01[15:08] {@Threei}  may change but...
[15:08] {nemo} bull market
[15:09] {dino} nemo, can vxx go up w/o the markets dropping?
[15:09] {nemo} it's based on options yes?
[15:09] {nemo} so, it's insurance buying or selling
[15:09] {nemo} it doesn't have to be completely correlated
[15:10] {dino} ok, typically inverse
[15:10] {nemo} yes but this is going into the weekend, if you want to hedge your long, you're buying puts, yes?
[15:10] {nemo} not necessarily selling your long positions
[15:11] {nemo} make sense?
[15:11] {dino} sure
[15:12] {nemo} so, though it is correlated much of the times, closer to the close or end of the week, you tend to see some drop in correlations
[15:12] {dino} g l .02
[15:14] {dino} ty
[15:15] {nemo} this vxx level is the weekly S1 and the S2
[15:15] {nemo} it's low was a test of the 50 day
01[15:16] {@Threei}  heh... MCD got scared by my threat to cut it off early
[15:16] {nemo} meanie
[15:25] {dino} out g .04, +.02
[15:25] {dino} shit, too tight
01[15:27] {@Threei}  out
[15:30] {dino} you're right nemo, markets held vxx up
[15:30] {nemo} not as dumb as I look
[15:30] {nemo} then again...nobody could be THAT dumb...
[15:30] {dino} re-loaded g at .10
[15:31] {nemo} vxx looks like it might come in a bit here though
[15:38] {dino} out g .13, +.03, tricky one
01[15:38] {@Threei}  OK guys, no more trades
01[15:38] {@Threei}  decent day to finish the week
01[15:39] {@Threei}  thank you, have a great weekend
01[15:39] {@Threei}  see you Monday
[15:39] {dino} thinking the same, thx all
[15:40] {dino} skx spike

Feb 06 2014

Rich with juicy plays day - 1:4, 1:3, 1:2... not without some stops in the middle of the day but they didn't harm the result. Still, gotta correct the course during that time of the day tomorrow. C was our major performer today, but FB helped too.



Session Time: Thu Feb 06 00:00:00 2014
[08:36] {fish_49} EC is liking the news  Euro  on fire this am
01[09:01] {@Threei}  yawn
[09:02] {fish_49} yea
[09:03] {RonS} reporting for duty...howdy y'all
01[09:03] {@Threei}  fish, ron :)
[09:03] {thomcbell} gm
[09:04] {fish_49} gm all
[09:04] {RonS} ha, reminds me of Andy Griffith's breakout role in No Time for Sargeants
[09:05] {fish_49} don't recall that one
[09:05] {fish_49} but I bet it's great
01[09:05] {@Threei}  thom :)
[09:05] {RonS} before you were born...
[09:05] {fish_49} that was a great show
[09:05] {fish_49} Oh myyy
[09:05] {fish_49} how old are you ron?
[09:06] {RonS} uhhh...61
[09:06] {fish_49} k
[09:06] {fish_49} perhaps it was b4 I was born
[09:06] {fish_49} 1963
[09:09] {RonS} sheesh seems like only 3 stocks on earth...scanner all twtr fb gmcr
[09:10] {RonS} correction...4... w/ soda
01[09:10] {@Threei}  after close news put those on the map :)
[09:18] {RonS} ha, just thinking am so old can remember the best selling item at Macys in SF (when went to work for them after college) was a TI calculator that sold for $200... selling 1800/week...
[09:18] {fish_49} Back when Woolworths stores were doing well
01[09:18] {@Threei}  hmmm... in terms of calculators we have a huge deflation then
[09:19] {RonS} ha, but puka shell necklaces were selling 5000/week
[09:19] {RonS} ...and basic functions only...
[09:20] {RonS} the buyers at the time didn't know what SKU meant since computers were just then coming into retail...
[09:22] {munky} morning
[09:23] {RonS} natty gas crazy down here +6% overnight...thanks Canuckians...
01[09:23] {@Threei}  munky :)
[09:24] {fish_49} Crude rallied Ron
[09:25] {ese} morning.......am here to do some watching ....and then it's off to Red Deer
[09:25] {munky} yelp +7 bux
[09:26] {munky} twtr hammered 15
[09:26] {RonS} gotta be tough ese, feel for you...
01[09:26] {@Threei}  morning ese...
[09:26] {ese} lucky sob's who bought a 1000 shs of it yestereday
[09:26] {ese} Ron Vad......munky
01[09:26] {@Threei}  they'll just put it in their "long term account"
[09:27] {munky} after they double down vad
01[09:27] {@Threei}  aka "cemetery for the the day trades gone bad"
[09:27] {RonS} ya well, hearing of $500 option buyer gmcr that will bank $55k
[09:28] {RonS} $500k
[09:28] {ese} whoa!
[09:29] {dino} how high does yelp go, took sm pre market at 80.80
01[09:31] {@Threei} Long Setup:  C  .40 break
01[09:31] {@Threei}  If holds  .30
[09:33] {dino} out yelp .83.80, +3
[09:33] {RonS} jpm put yelp $94 from 89 tgt today
01[09:34] {@Threei}  1:1
01[09:34] {@Threei}  1:2
01[09:35] {@Threei}  1:3
01[09:35] {@Threei}  nice and easy
[09:35] {dino} yeah, sold way too soon
[09:38] {RonS} mu screaming
01[09:39] {@Threei}  a bit ahead of itself
01[09:39] {@Threei} Short Setup: MU  .30 break
01[09:39] {@Threei}  If holds  .40
01[09:40] {@Threei}  Invalidated
01[09:42] {@Threei}  PRMW Strength attributed to speculation they could be caught up in future consolidation in the beverage devices segment
[09:42] {dino} gotta hop, back in about 30
01[09:42] {@Threei} Short Setup: MU  .50 break hl
01[09:43] {@Threei}  If holds  .60
01[09:43] {@Threei}  meh
01[09:44] {@Threei} Short Setup: JPM  .70 break
01[09:44] {@Threei}  If holds  .75
01[09:48] {@Threei}  1:1
[09:49] {RonS} rrts sm l .00
[09:52] {RonS} out rrts -.10
01[09:54] {@Threei} Long Setup:  C  .50 break
01[09:55] {@Threei}  If holds  .40
[09:58] {fish_49} out 2nd half JPM
01[09:58] {@Threei}  why just now?
01[09:58] {@Threei}  .71 after tagging 1:1
[09:58] {fish_49} .75
01[09:59] {@Threei}  it hit 1:1, stop is trailed
01[10:02] {@Threei}  stop to .44
01[10:05] {@Threei}  1:1
[10:12] {nemo} .30 buyer pru
[10:12] {thomcbell} fb looking for short entry
01[10:13] {@Threei} Short Setup: FB  .50 break
01[10:13] {@Threei}  If holds  .60
[10:14] {nemo} .30 bid pru
[10:14] {nemo} pulled
[10:14] {nemo} somebody trying to hold up .30
[10:14] {nemo} there it is
[10:15] {nemo} now u see it now u don't and it's there now
[10:15] {nemo} gone
[10:15] {nemo} shesh
01[10:18] {@Threei}  1:1  FB
01[10:19] {@Threei}  fish, second half is stopped here
[10:19] {fish_49} out
[10:19] {fish_49} ty
01[10:20] {@Threei}  time for 1:2 C
01[10:20] {@Threei}  push
[10:21] {dino} .
01[10:23] {@Threei}  good girl
01[10:23] {@Threei}  1:2
[10:27] {thomcbell} akam starting to weaken here
[10:27] {thomcbell} looking for short entry
01[10:32] {@Threei}  1:3
01[10:33] {@Threei}  this is second 1:3er on C today
01[10:33] {@Threei}  fish... your former dislike of this one must have dissipated by now :)
[10:33] {fish_49} yea and I missed both C plays  today  waaaa
01[10:33] {@Threei}  ?
01[10:33] {@Threei}  how?
01[10:33] {@Threei}  none of them was particularly fast
[10:34] {fish_49} 1st was fast and came back to pick me up but phone call and I missed
[10:34] {fish_49} 2nd  I was already in a trade
01[10:36] {@Threei}  1:4
01[10:36] {@Threei}  I am out
01[10:36] {@Threei}  munky
[10:37] {dino} aiz sm l .72
01[10:37] {@Threei}  can I...?
[10:37] {munky} what u think?lol
01[10:37] {@Threei}  had to try
[10:38] {fish_49} share the secret
[10:38] {munky} nice try too
[10:38] {munky} fish, is ur sound working?
[10:38] {fish_49} yes  just  turning  it on now
[10:39] {munky} at lunch will u help me load it?
[10:39] {fish_49} in your C: drive  If  Nonko was installed there you will have a directory called Nonko Trader
[10:39] {fish_49} save the file that Vad sent you to that directory
[10:39] {fish_49} then yell
01[10:40] {@Threei}  from Sochi: http://bigpicture.ru/wp-content/uploads/2014/02/lepra78.jpg
[10:40] {munky} ok, we will do it in dcc to not over occupy here
01[10:41] {@Threei}  this is my favorite: http://bigpicture.ru/wp-content/uploads/2014/02/lepra89.jpg
[10:41] {nemo} Russia, what a dump
[10:41] {fish_49} what happened  Vad  in your opinion
01[10:42] {@Threei}  nothing really
01[10:42] {@Threei}  construction over there was always like this... long period of slwep, with horrible rush at the end
[10:42] {fish_49} Not enough time to prepare?
01[10:43] {@Threei}  plus corruption of epic proportions
01[10:43] {@Threei}  road from Adler to Sochi, $200 million per km
01[10:43] {@Threei}  over $8B
01[10:44] {@Threei}  C 1:5 without me
[10:45] {dino} out aiz .99, +.25
01[10:45] {@Threei} Long Setup:  FB  .75 break
01[10:46] {@Threei}  If holds  .65
01[10:48] {@Threei}  Invalidated
01[10:48] {@Threei}  better not to look at C
[10:49] {fish_49} lol  Rub it in
[11:00] {RonS} mont pulp
[11:01] {dino} rev questions
[11:02] {RonS} lol...Montage Technology $MONT rated new strong sell at Gravity Research
01[11:02] {@Threei}  wel... gravity is gravity
01[11:02] {@Threei}  hard to fight it
[11:03] {dino} gwph?
[11:03] {thomcbell} fb  drifting lower
[11:03] {thomcbell} pivot 62.21
01[11:05] {@Threei}  IMF: US must reduce uncertainty by resolving and raising the debt limit
01[11:06] {@Threei}  IMO, US must cut the funding to IMF and watch it squirm
01[11:06] {@Threei}  - IMF will go back to Greece soon, EU has agreed to provide debt relief for Greece if the decision is made that it is needed
01[11:06] {@Threei}  wait... but...
01[11:06] {@Threei}  but Greece is growing
01[11:07] {@Threei} Long Setup:  FB  .30 break hl
01[11:07] {@Threei}  If holds  .20
[11:08] {munky} no disrespect, it looks short
[11:08] {thomcbell} i think too
[11:09] {munky} but vads correct if loses .20
[11:09] {munky} then its no go
[11:10] {munky} need spy to dive
01[11:10] {@Threei}  no go
[11:11] {nemo} don't think spy gonna' dive
[11:11] {nemo} setup for jobs report tomorrow
[11:12] {munky} us debt ceiling deadline tomorrow too
[11:17] {thomcbell} akam 56.66 long break if holding 56.56
[11:17] {thomcbell} only doing half lot
[11:18] {thomcbell} nope akam
[11:19] {munky} vad, u see va short setup in c?
[11:20] {dino} alr sm l .02
01[11:22] {@Threei}  .10 break, maybe
01[11:26] {@Threei} Short Setup: C  .10 break
01[11:26] {@Threei}  If holds  .20
01[11:28] {@Threei}  http://msn.foxsports.com/olympics/story/no-fishing-please-sochi-bathroom-dos-and-don-ts-020314
[11:32] {fish_49} lol no fishing
[11:32] {fish_49} as if fish live in the toilet.  Who made that friggin joke
01[11:34] {@Threei}  don't know what to tell you... this is beyond the idiocy I remember :)
[11:35] {dino} out alr .46, +.44
[11:35] {RonS} gj
01[11:35] {@Threei}  wtg
[11:35] {dino} ty
01[11:35] {@Threei}  one of tweets:
01[11:35] {@Threei}  Still waiting for "preparations" on hotel room to finish. Hoping they're origami-folding toilet roll, rather than, say, putting the roof on.
[11:36] {fish_49} lol
[11:36] {fish_49} priorities
[11:37] {nemo} got bored
[11:37] {nemo} opened another bottle
[11:37] {nemo} even bunny is looking at me strange
[11:38] {dino} scanners really slow
[11:38] {dino} brb
[11:38] {nemo} your scanners and Les's intellect have something in common
[11:40] {munky} lol
01[11:40] {@Threei}  To anyone in Sochi: I am now in possession of three light bulbs. Will trade for a door handle.
[11:41] {fish_49} and some tooth paste
[11:41] {fish_49} wait if no light, they can't brush teeth
[11:41] {RonS} NY regulator to halt Ocwen $OCN and Wells Fargo $WFC mortgage servicing deal, according to sources
01[11:42] {@Threei}  no go this time, C
[11:46] {thomcbell} long setup akam 56.50 long break if holding 56.40
[11:47] {dino} gwph drop, hooker
[11:47] {thomcbell} no go akam
[11:52] {thomcbell} akam oh well
[11:57] {RonS} dino ocn
[11:59] {dino} exc from some financial thing
[11:59] {RonS} exc?
[12:00] {dino} excluded, see you posted above
[12:03] {thomcbell} oh vad gimme a break akam
[12:03] {thomcbell} 1:4 now
01[12:04] {@Threei}  ugh
[12:04] {dino} tw blood
01[12:13] {@Threei} Short Setup: FB  62 break
01[12:13] {@Threei}  If holds  .10
01[12:16] {@Threei}  hmmm
01[12:16] {@Threei}  Victoria buys more sex toys than any other Canadian city, says one online retailer.
01[12:16] {@Threei}  kinky town...
[12:21] {thomcbell} akam aaaah
01[12:22] {@Threei}  market stalled
[12:22] {RonS} sales dropping now, ese gone...
01[12:22] {@Threei}  lol
[12:22] {nemo} with the jobs report tommorrow and vxx near S3 on the daily, might be worth looking for a vxx long
01[12:23] {@Threei}  that btw reminds me how I earned the largest bruise ever on my bum...
[12:23] {fish_49} broken sex toy?
[12:24] {RonS} mistress helga?
01[12:24] {@Threei}  no
[12:24] {nemo} yeah, forgot the lube
[12:24] {fish_49} you set yourself up for that one Vad  No Lube  no Hard Stop
01[12:24] {@Threei}  walking past the counter on the market in Bahamas where such toys were presented, to sales gal suggestion to buy one, I answered I've got one pointing to wife
[12:25] {fish_49} lol
01[12:25] {@Threei}  most amazing thing was that pinching me to bruising she kept absolutely indifferent face
01[12:28] {@Threei}  FB valid
[12:28] {RonS} $PANW v $JNPR judge issues claim construction and summary judgment decision: http://stks.co/h0G3J. She narrows down issues for trial.
[12:29] {fish_49} While I was in the Military  I was on my normal patrol and pulled over what I thought was a drunk driver.  I asked the guy to roll window down and present drivers license. as he was handing me his Licesne, he says  Officer,  I know you think I was drinking  but the fact of the matter is, I'm on my way to the hospital.  I asked if he was ok and he says  "My Wife and I were playing around
[12:29] {fish_49} and I sat on her Toy"  I said  Hmmm  Ok  I will follow you to the Hospital.  Sure enough he had to have it surgically removed.
[12:30] {dino} "bummer", lol
[12:30] {RonS} lol
01[12:31] {@Threei}  "one in a million chance, doc"
[12:31] {fish_49} yea  How do you sit on a friggin toy  I never asked
01[12:32] {@Threei}  http://www.youtube.com/watch?v=eghL7ORV1lg
[12:32] {thomcbell} vxx looks like a 50.19 long break
01[12:32] {@Threei}  Invalidated
[12:33] {thomcbell} yes invalidated vxx too
[12:33] {fish_49} lol  So I guess it  can happen
[12:33] {dino} happened on seinfeld episode
[12:34] {fish_49} gotta eat lunch  No 3:1 calls Vad
[12:34] {fish_49} i mean 1:3
01[12:35] {@Threei}  what difference does it make, you don't take those I make anyway
[12:40] {nemo} vxx
[12:41] {fish_49} ok  new Rule  Vad
[12:41] {fish_49} Must say it's a 1:3'er  ahead of time
[12:41] {fish_49} lol
01[12:42] {@Threei}  can I insert "intended"?
[12:42] {fish_49} lol
[12:51] {dino} jo drop
01[12:51] {@Threei}  Wal-Mart's margins are significantly impacted by cuts in food stamps
[12:52] {fish_49} Government running out of Food Stamps?
[12:52] {fish_49} why not just print some more?
[12:53] {fish_49} isn't it amazing the Social Security Fund is running dry  but the welfare fund never runs Dry?
[12:55] {dino} avgo spike
[13:00] {dino} whats amazing is how the politicians/dems brag about more and more being on assistance
01[13:01] {@Threei} Short Setup: JPM  .20 break
[13:02] {thomcbell} qihu surprisingly weak today
01[13:03] {@Threei}  this reminds me one famous russian sci-fi novel, dino... in it, there was a swear world widely used on a planet where action took place, "massaraksh." Exact translation fits exactly out situation
01[13:04] {@Threei}  "world turned inside out"
[13:05] {dino} indeed. used to be a thing called "pride" which made people look for work and not ask for handouts
01[13:05] {@Threei}  now it's all about fairness
01[13:05] {@Threei}  he doesn't have things because someone has too many
[13:05] {dino} just another word for socialism
01[13:06] {@Threei}  your success is not simply your success, it's also a cause of his lack of such
01[13:06] {@Threei}  so to testore fariness, yours must be redistributed
01[13:06] {@Threei}  restore
[13:06] {dino} politics of envy, "you got it, i want it, cannot figure out how to get it, so politicians destroy it"
[13:18] {dino} 07 scrolling red
[13:18] {nemo} vxx...and I got up for a minute...oh jeez
[13:22] {dino} coffee spilling (jo)
01[13:28] {@Threei}  ron
01[13:28] {@Threei}  dino is seriously gunning for your title
01[13:28] {@Threei}  [13:22] {dino} coffee spilling (jo)
[13:30] {dino} lol
[13:30] {dino} ron need not worry, i am too slow at it
01[13:31] {@Threei}  let me also try and throw my hat in the circle:
01[13:31] {@Threei}  ESE sees large distribution on daily
01[13:32] {@Threei}  no?
01[13:33] {@Threei}  sigh
[13:33] {dino} i get it
01[13:33] {@Threei}  whew
01[13:33] {@Threei}  I also thought of commenting on the spread
01[13:33] {@Threei}  but it was too sophisticated
[13:50] {dino} tmus sm l .50
[14:01] {fish_49} trying to catch up on the typing in the room
[14:01] {fish_49} you guys  lost me  have no idea what your talking about
01[14:01] {@Threei}  lol
[14:02] {dino} panw spike
[14:02] {fish_49} Dino spilled coffee  wnats  to be like ron  ese is liberal and nemo went blind with vxx?
01[14:02] {@Threei}  I don't know how to decode all that... someone with better English than mine will have to
01[14:02] {@Threei}  it's about specific kind of jokes launched by Ron
[14:03] {dino} tmus .50 wall
01[14:04] {@Threei}  where description of price action is derived from stock's name or company specifics
01[14:04] {@Threei}  like JO spilling coffee
[14:05] {fish_49} Coffee Joe  but  where did JO  come from?  perhaps he needs to visit the stores in Victoria?
01[14:05] {@Threei}  or FOAM is mad
[14:05] {munky} awesome, got click.wav working ALL BY MYSELF hehe
[14:05] {fish_49} good man Munky
[14:05] {nemo} yeah I'm looking for a nuclearblast.wav myself
[14:06] {munky} all THANX to FISH, he did it, hes ROOM techno GURU
01[14:06] {@Threei}  all grown up, munky
01[14:06] {@Threei}  gorillas are frightened all over the forest
[14:06] {munky} want to laugh
[14:07] {fish_49} That click.wav is actually pretty old  now that I think about it the Video Vad made called Lunch MOney  I heard it  the first time in that video
[14:07] {munky} testing clickwav i bought .25 fb and solat .41 lol
01[14:07] {@Threei}  yup
[14:07] {munky} no kidding
01[14:07] {@Threei}  used it for ages
01[14:07] {@Threei}  totally associated with money making proces for me
[14:08] {munky} i like the sound so much i cant help myself, just buying and selling over and over
01[14:08] {@Threei}  lol
[14:08] {fish_49} share your earnings   munky  u made 16 cents on the test
[14:08] {munky} oh oh lol
01[14:09] {@Threei}  {Munky's Broker} more, more of that sound please!!
[14:09] {fish_49} lol
[14:09] {fish_49} lol
[14:09] {fish_49} he is lucky Alex is not here
01[14:09] {@Threei}  {Munky's Broker} Vad, send that sound file to all the trading universe!
01[14:10] {@Threei}  hmmm... Prime-Minister's drummer is charged with sexual assault
01[14:10] {@Threei}  do you sense that ring is tightening around ese?
[14:10] {fish_49} did he go to school at the same place ese teaches at?
01[14:10] {@Threei}  his school... drummer now...
[14:11] {munky} fb looks like wants day high, vad any thoughts?
01[14:11] {@Threei}  too random...
[14:12] {munky} fb or your thoughts?
[14:12] {nemo} you're asking him to think?
[14:12] {nemo} wtf
[14:12] {nemo} so insulting
[14:12] {nemo} sheesh
01[14:12] {@Threei}  FB
[14:12] {nemo} frickin' simians
01[14:12] {@Threei}  my thoughts are not random
01[14:13] {@Threei}  they are absent
[14:13] {nemo} vacuous
[14:13] {nemo} void
[14:13] {nemo} empty
[14:13] {nemo} impenetrable
[14:13] {nemo} insipid
[14:13] {nemo} drunken
01[14:13] {@Threei}  yes, and there is nothing random about that
[14:13] {nemo} lascivious
[14:13] {fish_49} "higher primates"
[14:14] {nemo} fish is pesce..hahahhahaa
[14:14] {dino} panw smr s .71
[14:14] {fish_49} nemo laughed?
[14:14] {nemo} no, I typed
[14:14] {fish_49} not a heeheheheheh?
[14:15] {fish_49} becareful toad I'm hungry for rabbit stew
[14:15] {nemo} yeah, but you sold your guns
[14:15] {nemo} I did not
[14:15] {fish_49} anyone ever see bunny?
[14:15] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/BunnyForDinner_zps97ca346d.jpg.html
[14:16] {nemo} wow
[14:16] {dino} tmus stop .39 -.11
[14:16] {nemo} ya know...I have an estranged brother that threatened bunny a couple of weeks ago
[14:16] {nemo} I think I would easily get off on temporary insanity
[14:17] {fish_49} u buried him at sea?
[14:17] {nemo} I appreciate the picture though
[14:17] {nemo} no
[14:17] {nemo} but the police were involved
01[14:18] {@Threei}  Ocwen Financial Corp Confirms earlier report about mortgage servicing deal with Wells Fargo- OCN: "At the request of the New York Department of Financial Services ("NY DFS"), its mortgage servicing arm has agreed to put an indefinite hold on its previously announced purchase from Wells Fargo Bank, N.A. of mortgage servicing rights on a portfolio consisting of approximately 184,000 loans with a total principal balance of $39 billion."
[14:20] {nemo} Hey fish, I'll be visiting Fort Meade in the Spring...think I'll cut a little hole in my tailgate
[14:20] {nemo} Where do you live again?
[14:20] {fish_49} ohhh  do you remember that crazy dude
[14:20] {nemo} Yeah, first victim was around the corner from my uncle in Bowie
[14:21] {nemo} less than 1/2 a mile
[14:21] {fish_49} he had high powered rifle in trunk and his dad  or his buddy  drove him around and let him take out a bunch of people one at a time
[14:21] {nemo} I see the site all the time
[14:21] {nemo} yeah .223/5.56
[14:21] {fish_49} dude  those guys were sick in the head
[14:21] {dino} cov panw .51, +1.20
[14:21] {fish_49} it's not like anyone pissed them off they just enjoyed killing
[14:21] {nemo} very...young guy was the shooter, older guy drove him around I think
[14:22] {fish_49} yep ur right
[14:22] {nemo} Literally, I get off route 50, 1 mile south is the school, then quarter mile after the school on the left is my uncle's street
[14:22] {dino} hmmm, tough crowd
01[14:23] {@Threei}  dino, rabbit discussion encompasses everything else
[14:23] {nemo} crissakes dino...your usual performance, you want flowers?
[14:23] {dino} :)
[14:23] {nemo} Dino=Tradinator
[14:24] {RonS} munky around?
01[14:25] {@Threei}  yes but he is too busy clicking buy and sell and listening to the sound of filled orders
[14:26] {fish_49} lol
[14:27] {dino} hey, if you guys would stop the chatter and trade some.....
[14:27] {fish_49} lets make a wave  file saying  "Banana
01[14:27] {@Threei}  lol
[14:27] {RonS} munky's name reminded of this (gotta listen until munky sings at least):  http://www.youtube.com/watch?v=D3_1KN5c4BU
[14:29] {fish_49} lol guitarzan  is what you get when ese and munky get together?
01[14:36] {@Threei}  if FB dives under .20, I'll be interested in long on recross
[14:38] {thomcbell} mu looks 2 sided 24 break and 24.09 long break
[14:39] {munky} wonder where C wants to go
[14:39] {RonS} lol...this was a top 10 hit back in the day...when people could take a joke:  http://www.youtube.com/watch?v=tYn_6NjcopY
[14:40] {munky} cat pretty much straight up today
01[14:41] {@Threei}  (US) Test vote in US Senate on extending Unemployment Insurance benefits fails in 58-40 vote (60 votes needed for cloture)- The current vote is on The Reed (D-RI) amendment that sought to fund the UI extension "with pension smoothing/no UI for millionaires." - The main bill seeks to extend UI by three months through April 1.
[14:42] {munky} does not matter, osama will executive order it
[14:42] {munky} C moving up
[14:43] {fish_49} where would they get the money?  I thought we were broke...
01[14:43] {@Threei}  kidding?
[14:43] {fish_49} yes
01[14:43] {@Threei}  when did it ever stop them from spending
[14:44] {fish_49} Man that was long Ron
01[14:45] {@Threei}  changing my mind on FB
01[14:45] {@Threei} Short Setup: FB  .20 break
01[14:45] {@Threei}  If holds  .30
01[14:53] {@Threei}  1:1
[14:53] {RonS} fish, that's what she always says...
[14:54] {fish_49} lol
01[14:54] {@Threei}  lol
[15:11] {dino} panw spikes again
[15:13] {thomcbell} WOW PANW is that on earnings?
[15:13] {RonS} court ruling...
[15:14] {dino} read it tho, just set date, rejected few things
01[15:16] {@Threei}  1:2
[15:18] {munky} nice vad
[15:19] {dino} gj
[15:21] {fish_49} MCD  short?
01[15:21] {@Threei}  .80 break?
01[15:21] {@Threei}  looks right
[15:21] {fish_49} .86 stop
[15:29] {fish_49} out - 0.6
[15:30] {fish_49} stop took me out but the damn thing still looks short
01[15:34] {@Threei}  FB still has a chance to plunge more
01[15:34] {@Threei}  aiming for 1:4
[15:38] {thomcbell} akam want vwap?
[15:40] {dino} panw dropped from 67.60 - 67.00 4 x and i did not short it, ugh
[15:41] {thomcbell} flattening mu
[15:41] {thomcbell} nothing doing there
[15:41] {dino} here it goes again
[15:41] {fish_49} spy looks like breakout mode
[15:42] {nemo} it's in a channel
[15:43] {fish_49} yep
[15:44] {fish_49} come on lets break out  give some teeth to this rally today
[15:45] {nemo} job report tomorrow
[15:45] {fish_49} oh  forgot
01[15:46] {@Threei}  it's going to be bad
01[15:46] {@Threei}  but massaged to look good
[15:46] {fish_49} as long as we continue the taper   I'm fine with the numbers
[15:47] {fish_49} Spy tried to break   and now fell back into it's range  Your right Nemo
[15:47] {fish_49} For being right  I won't pull trigger on Bunny
01[15:48] {@Threei}  so far it feels like barring something extraordinary taper is here to stay
[15:48] {nemo} I won't cut your balls off
01[15:48] {@Threei}  Fed doesn't mind some market correction either
[15:48] {fish_49} yep
[15:48] {nemo} spy is finding support at the 61.8 retrace of the monday drop
[15:49] {fish_49} if we look at the daily and monthly chart  the correction is right in line.  Just hate what it did to my IRA
[15:52] {munky} vad, u still sh fb?
[15:53] {munky} does not matter here
01[15:53] {@Threei}  out
01[15:54] {@Threei}  no time, and tags trailing stop
01[15:54] {@Threei}  thank you all, havbe a great evening
01[15:54] {@Threei}  see you tomorrow for a few 1:5ers
[15:54] {fish_49} great idea
[15:54] {dino} gn all, thx for ideas, great two days, appreciate it
[15:54] {fish_49} gn all

Feb 05 2014

Threading water day, as we went through several periods of winning and stooping out. Wins were noticeably bigger but we still ended about flat. 

Make sure to read this piece about Feb prognosis by Bill Cross: 
https://www.facebook.com/RealityTrader/posts/540730229359257



Session Time: Wed Feb 05 00:00:00 2014
[08:36] {thomcbell} gm
[08:36] {fish_49} gm Thom
[08:51] {nemo} another day another frickin' snowstorm
[08:51] {fish_49} Ice here  I think I would rather have the snow
01[08:52] {Threei}  morning guys
[08:52] {fish_49} gm Vad
[08:52] {fish_49} trading live today  call some good ones
[08:52] {thomcbell} ddd oof
01[08:52] {Threei}  no pressure eh?
[08:52] {fish_49} Vad,  While you were away we made another room rule
[08:53] {nemo} yeah, nothing less than 1:3 at a minimum
[08:53] {nemo} absolutely NO stops
[08:53] {nemo} coupla' 1:10ers per day mandatory
[08:53] {fish_49} Let us know b4 the opening bell if it's gonna be a winning day or a losing day
[08:53] {nemo} no problem
01[08:53] {Threei}  I need another room...
[08:54] {nemo} You NEED me in that room!  You WANT me in that room!  "Colonel Jessup, did you order a code RED?!"
[08:55] {fish_49} I moved my hotkey file from the demo to the live platform  lets hope it works  lol  Hope it dont get me short when Vad calls Long Set up
[08:55] {nemo} see what happens when I start drinking as soon as I get out of bed
[09:10] {dino} gm. looks like i missed some fun on friday and monday
[09:10] {thomcbell} ddd
01[09:11] {Threei}  dino, welcome back
[09:11] {dino} ty
01[09:11] {Threei}  that was good trading, yeah
[09:11] {thomcbell} worth a look at 200 day
[09:12] {RonS} ddd cut its outlook...have no specifics
[09:14] {RonS} The company's new forecast for adjusted earnings per share is $0.83 to $0.87, below its previously expected guidance of $0.93 to $1.03.
[09:20] {nemo} indexes look droppy
[09:20] {nemo} vxx over .80 looks good
[09:21] {nemo} 1:1 hehehehe
[09:22] {fish_49} men say Hahahaha  Girls say Hehehehe
[09:23] {nemo} mesodactyl
01[09:23] {Threei}  so, Santa is genderless?
[09:23] {fish_49} let me look that up but Im sure its an insult
[09:23] {fish_49} no Santa is a Ho
[09:23] {dino} hain interesting
[09:27] {nemo} data could be also, half it's float comes off lockup today
[09:28] {fish_49} I did a google search on  mesodactyl  and google link has me going to tradinglog.realitytrader.com december 19 log  lol
01[09:30] {Threei}  rofl
[09:30] {dino} having connection issues
[09:30] {dino} 12" of snow, still falling
[09:30] {nemo} o.k.  meso=middle   dactyl=digit=finger
[09:30] {fish_49} Ice?
01[09:30] {Threei} Short Setup: C  .75 break
01[09:31] {Threei}  If holds  .85
01[09:31] {Threei}  Invalidated
[09:31] {dino} stsmart edge 3rd time booted, twice on das
01[09:32] {Threei} Long Setup:  GLD  .65 break
01[09:33] {Threei}  If holds  .60
01[09:35] {Threei}  meh
[09:36] {Les} had to short that one
[09:36] {Les} 1:2
[09:36] {Les} out
02[09:37] * Threei: You're not channel operator
[09:38] {dino} hain smr l .20 wide/gappy
01[09:38] {Threei} Long Setup:  FB  .85 break hl
01[09:38] {Threei}  If holds  .75
01[09:38] {Threei}  1:1
[09:40] {nemo} hurry up and wait morning
01[09:41] {Threei} Long Setup:  C  .80 break
01[09:41] {Threei}  If holds  .70
[09:42] {thomcbell} spwr 29.10 short break if holding 29.30
[09:42] {Les} vxx threatens break
[09:43] {thomcbell} spwr 1:1
[09:43] {thomcbell} 1:2
[09:43] {fish_49} Damn  I'm sucking wind  on my first live DAS trading day
[09:44] {dino} armk spike
[09:44] {dino} relax fish, jumpy
[09:45] {fish_49} yea  good time to clean up my hot keys
[09:47] {thomcbell} spwr 1:3
[09:48] {thomcbell} 1:4
01[09:48] {Threei}  no go
[09:50] {Les} VXX breaking the range high
[09:51] {nemo} iwm yesterday's lows
01[09:52] {Threei} Long Setup:  FB  .35 break
01[09:52] {Threei}  If holds  .25
01[09:53] {Threei}  nope
[09:54] {thomcbell} spwr 1:6 and out
01[09:54] {Threei}  wtg
[09:54] {Les} sm spy long .61
[09:54] {Les} holding .50
[09:54] {dino} gj tbell
[09:55] {Les} out -.02 not shwoing me db strenth
[09:56] {RonS} hearing amba hit over sa piece...
[09:59] {dino} kmx gap fill
[09:59] {dino} smr l .20
01[09:59] {Threei} Long Setup:  MCD  .75 break hl
01[10:00] {Threei}  If holds  .65
01[10:00] {Threei}  *(US) JAN ISM NON-MANUFACTURING COMPOSITE: 54.0 V 53.7E
01[10:00] {Threei}  1:1
01[10:00] {Threei}  1:2
01[10:00] {Threei}  1:3
[10:01] {dino} xone smr l .70
[10:02] {Les} nice ram job on the news
[10:03] {Les} spy higher than iwm
[10:03] {nemo} get's u down on all fours I'll bet
01[10:03] {Threei} Short Setup: WMT  .10 break
01[10:03] {Threei}  If holds  .16
[10:04] {Les} always a pleasure to hear your fertile mind speak nemo
[10:04] {nemo} yeah, the compost never stops
[10:05] {Les} :)
[10:05] {nemo} couldn't do it without u Les
01[10:09] {Threei}  1:1
[10:10] {Les} all out .92
[10:10] {Les} except for 3 shares
[10:10] {Les} ty sir
01[10:10] {Threei}  yw
[10:10] {Les} dunno why I ams tuck with 3 shares...
01[10:11] {Threei}  1:2
[10:14] {thomcbell} upl 24.57 short break
[10:20] {dino} cara drop
01[10:23] {Threei}  1:3
01[10:23] {Threei}  out
[10:27] {dino} armk sm l .07
[10:31] {dino} hain smr l .00
[10:32] {dino} kmx out .40, +.20
[10:33] {dino} out xone .90,
[10:33] {dino} +.20
[10:37] {thomcbell} looking to buy cog pullback to 40.90
[10:38] {nemo} I would look to sell it around 41.15
01[10:43] {Threei} Short Setup: JPM  .15 break
01[10:44] {Threei}  If holds  .25
[10:45] {Les} sm dia long
[10:45] {Les} at the vwap holding .68
[10:45] {dino} rgr smr l .45
[10:46] {Les} not yet
01[10:49] {Threei}  1:1
[10:59] {thomcbell} syna 53.90 break if holding 54
[10:59] {nemo} would short it here actually
[11:00] {Les} damn Nemo you're gonna be terrible company the day they put u in a retirement home
[11:01] {nemo} I'm terrible company as it is
[11:01] {Les} yeh well at least you're at the other end of this cable
[11:02] {Les} you know you'll have to give up the weapons as well
[11:02] {nemo} I thank the Gods for that every day
[11:02] {nemo} Well, not all of them
[11:02] {nemo} ;-)
[11:03] {Les} lol
[11:03] {Les} janitoooor
[11:03] {thomcbell} no go syna
[11:07] {thomcbell} scty nearin gmajor support level
[11:07] {thomcbell} prior resistance at 65
[11:08] {RonS} nus hung
[11:08] {fish_49} new chinese term Ron?
[11:11] {nemo} hey thom, ya' kinda' put yourself in a tough position giving yourself a .10 stop in a stock that kinda' was averageing a .06 spread
01[11:15] {Threei} Long Setup:  MCD  .50 break
[11:15] {thomcbell} lol
01[11:15] {Threei}  If holds  .40
[11:15] {thomcbell} lvs lord god
[11:23] {dino} cof hl l .20
[11:27] {thomcbell} fish scty
[11:29] {fish_49} filled gap
[11:31] {Les} target on cof dino?
[11:31] {dino} out cof .40, +.20
[11:31] {dino} trailed tight les
[11:31] {RonS} might be .40
[11:34] {fish_49} someone  buy a ton of Big Macs  plz
[11:34] {Les} fish burgers
[11:34] {RonS} lol
[11:34] {dino} armk to .82
01[11:34] {Threei}  no go
[11:34] {Les} trading stops a+
[11:35] {thomcbell} lvs up near resistance now
[11:35] {dino} tighten
[11:36] {dino} out armk .85, +.78
[11:36] {RonS} dino, in hain 80.70 was thinking target 2.75 but been tough, thoughts?
[11:37] {dino} stopped hain early, re-entered 81
[11:37] {Les} quarter off +.19 cof
[11:37] {Les} see if can jump .50
[11:38] {dino} hain and rgr only open orders
[11:38] {dino} hain, gut says 83
[11:39] {dino} that was resis earlier
[11:41] {dino} ron, hain
01[11:47] {Threei}  MCD you frikin somg
[11:47] {fish_49} yep
[11:47] {Les} played us good and proper
[11:48] {Les} cof exited +.29 ty dino
[11:48] {dino} yw, gj
[11:48] {fish_49} wait till I see that Ronald... I'm gonna rip off his head
[11:51] {fish_49} Vad  send some Geese to Sochi  
[11:51] {fish_49} they are looking for feathers...  seems there is a shortage of pillows
[11:51] {dino} f##k, pro crashed again
01[11:52] {Threei}  no kidding
01[11:52] {Threei}  http://www.washingtonpost.com/blogs/worldviews/wp/2014/02/04/journalists-at-sochi-are-live-tweeting-their-hilarious-and-gross-hotel-experiences/
[11:53] {fish_49} dino  Pro?
[11:53] {RonS} out hain 82.45 +1.70  thought would unleash it for dino...
01[11:53] {Threei}  The reception of our hotel in #Sochi has no floor. But it does have this welcoming picture. pic.twitter.com/8isdoBuytl
[11:53] {dino} stsmartpro/schwab. using both accounts das and pro
[11:53] {Les} LOL soviet days are back
[11:54] {dino} nice ron
[11:54] {Les} or did the Kremlin know how to throw a good bash back when it controlled its minions?
01[11:54] {Threei}  https://twitter.com/wyshynski/status/430734034113536000/photo/1
[11:54] {fish_49} “ATTENTION, DEAR COLLEAGUES!
[11:54] {fish_49} Due to an extreme shortage of pillows for athletes who unexpectedly arrived to Olympic Village in the mountains, there will be a transfer of pillows from all apartments to the storehouse on 2 February 2014. Please be understanding. We have to help the athletes out of this bind.”
01[11:54] {Threei}  nah, that's how it was always done
[11:54] {fish_49} they unexpectedly arrived?
[11:55] {dino} hain to .81
01[11:55] {Threei}  ROFL: Ok, so my hotel doesn't have a lobby yet.
[11:55] {dino} out hain .80, +2.80
[11:55] {dino} opps +1.80, my bad
[11:56] {thomcbell} lvs unreal
[11:56] {fish_49} so the idea is  to wipe  and put the TP  in the trash can?
01[11:57] {Threei}  yes
[11:59] {Les} what is this? Russian mafia?
[11:59] {Les} squeezing taxpayer with dodgy bs work?
[11:59] {dino} damn hain
[12:00] {fish_49} yea Dino  I was studying that
[12:00] {Les} held VWAP nicely HAIN
[12:01] {dino} yeah, was too tight on it, worried about fast drop like earlier
[12:03] {dino} armk big pullback
[12:05] {RonS} wow ssys 12% bounce
[12:06] {nemo} still a bull market
01[12:08] {Threei} Long Setup:  FB  .50 break
01[12:09] {Threei}  ummm
01[12:09] {Threei}  crap
[12:09] {fish_49} 1;1
01[12:09] {Threei}  1:1, no chance
[12:09] {thomcbell} lvs bounced 5
[12:10] {dino} out rgr .15, +.70
01[12:11] {Threei}  wtg
01[12:11] {Threei} Long Setup:  FB  .50 break
01[12:11] {Threei}  If holds  .40
[12:12] {fish_49} still valid  I went  to get coffee
[12:12] {fish_49} ?
01[12:13] {Threei}  yes
01[12:13] {Threei}  a bit heavy this time
01[12:15] {Threei}  no go
[12:16] {Les} three strikes you r my contradictory indicator now VAD :)
[12:17] {nemo} says the best argument for de-evolution
[12:17] {fish_49} Glad we dont call him 4eye
[12:17] {Les} bwahahahahaha
01[12:18] {Threei}  3?
01[12:18] {Threei}  that was second
01[12:18] {Threei}  with two 1:3ers and one scalp right before
[12:20] {fish_49} I think he meant  on FB  actually I think we had 4 calls on FB
[12:22] {fish_49} break of.60?
[12:23] {Les} HD .01 shy of 1:1 shit
[12:23] {dino} rgr hl l .39
[12:24] {fish_49} out FB  +09
[12:24] {Les} if HD holds VWAP again then stronger short setup
[12:24] {fish_49} risky trade  there was no clear place for a stop within 10 cents
[12:24] {Les} VXX just got a vwap bounced back to support and is holding
[12:27] {Les} I sit with Nemo. Do nothing day. a+
[12:27] {nemo} it's not do nothing, just don't take trades in the middle of the range
[12:28] {dino} out rgr .43, +.04
[12:29] {dino} hain drop
[12:29] {nemo} yea was debating at 84 on the lower high, probably back to vwap
[12:31] {dino} hain smr l .49
01[12:33] {Threei}  https://twitter.com/DLSpencer10/status/430760096063172608/photo/1
[12:35] {fish_49} translation issue Vad?
01[12:35] {Threei}  yup
01[12:35] {Threei}  word in russian above is "assortiment"
01[12:35] {Threei}  meaning variety
[12:35] {fish_49} variety cakes?
01[12:36] {Threei}  pastries of a several kinds
[12:36] {fish_49} I like the one girls  translation  she says  Cakes will go to ass  meaning its fatening
01[12:36] {Threei}  cake is not the right translation either, it's pastries
[12:36] {fish_49} ahhhh
01[12:37] {Threei}  and saying "in varuety" is customary for a situation when there are a few of them and they don't bother listing each kind
01[12:38] {Threei}  another shot which I can't find link to shows labels: Liver pancakes
01[12:38] {Threei}  and "Language in the test"
01[12:39] {Threei}  you can guess till cows come home, but it means "Beef Tongue in dough"
01[12:42] {Threei}  (US) Fed's Plosser (hawk, 2014 voter): Should scale back QE faster to reflect strength in the economy : sees GDP at 3% in 2014 and unemployment at 6.2% by the end of the year- sees unemployment rate reaching 6.5% (fed threshold) in the 1H of 2014, would like to be done with QE by the time the unemployment rate reaches 6.5% - Volatility in the emerging markets is not a risk to the US - inflation likely to firm up this year, expects less fiscal drag this year - Decline in labor participation rate rate is driven mostly by demographics
01[12:45] {Threei} Long Setup:  MCD  .55 break
01[12:45] {Threei}  If holds  .50
01[12:47] {Threei}  valid still
01[12:48] {Threei}  with stop under .48
01[12:49] {Threei}  Invalidated
[12:57] {dino} out hain .99, +.50
01[12:57] {Threei}  nice one
[12:58] {dino} ty
01[13:02] {Threei} Long Setup:  FB  .70 break
01[13:02] {Threei}  If holds  .60
[13:04] {nemo} http://www.extreme.outervision.com/psucalculatorlite.jsp
[13:04] {nemo} ooops
[13:04] {nemo} http://goo.gl/q8V5yH
01[13:04] {Threei}  huge offer is getting eaten
01[13:11] {Threei}  (&^%#(&^%
[13:12] {thomcbell} on what vad
[13:12] {fish_49} yep
[13:12] {fish_49} I second that
[13:12] {fish_49} FB  sucks  today
[13:12] {nemo} projecting Fish?
[13:12] {thomcbell} upl 24.48 long break if holding 24.38
[13:13] {fish_49} Protecting
[13:14] {nemo} wow upl has shown no strength today
[13:26] {thomcbell} yes about to get stopped
[13:27] {thomcbell} 24.37 stop
[13:27] {nemo} just a thought:  market has been strong since 10:30ish and UPL has been weak...why did you think it would be a good candidate for a long?
[13:27] {nemo} frankly, it looks like a great short here
[13:28] {thomcbell} i saw a quick pattern developin gwith what i though would be a 24.48 long break
[13:28] {nemo} o.k.  I'm looking at a bit of a larger picture for the day
[13:29] {nemo} As I said, market has been strong, but UPL not, nor are other Petroleum stocks
[13:29] {nemo} You had a revisit of the open at 11
[13:29] {nemo} since then it has been making a series of lower highs
[13:29] {nemo} it could not get back to vwap
[13:29] {nemo} which means no institutional interest
[13:29] {nemo} it then dropped below the pivot and rejected that
[13:31] {thomcbell} out
[13:31] {thomcbell} unfortunate was playing it short earlier
[13:31] {thomcbell} never caught it
[13:33] {fish_49} looks like it could bounce  .26
[13:34] {nemo} yes, but what's you're risk reward given support and resistance
01[13:35] {Threei} Short Setup: CAT  .10 break
01[13:35] {Threei}  If holds  .20
[13:35] {fish_49} risk on that bounce is
[13:35] {fish_49} ooops later
[13:37] {dino} rgr .90 trig sm l
01[13:41] {Threei}  grrr
01[13:45] {Threei}  not my afternoon eh
[13:45] {dino} maybe better to range plat rgr instead of b/o.
[13:46] {nemo} well, look at indexes, top of their ranges so if you don't get a pullback weighing on it, it's unlikely to get any lift
[13:50] {thomcbell} cog looks vulnerable 40.74 break if get some sideways first
[13:51] {nemo} see how it can't get above vwap?
[13:52] {fish_49} vwap .97?
[13:52] {nemo} yeah, will likely go back near there
[13:54] {dino} bbg beat down
[13:57] {dino} s/p went green
[13:57] {thomcbell} cog invalidated
[13:58] {thomcbell} mcd outside reversal day vad
[14:00] {fish_49} what is outside reversal.  It's an outside day for it by 34 ticks
[14:00] {fish_49} So your thinking reversal?
01[14:03] {Threei}  thim, yes, but it doesn't give much clue to how to play it today... rather helps with larger trend from now on
[14:03] {dino} tmus spike
[14:04] {RonS} Sprint $S is nearing financing with lenders for T-Mobile US $TMUS, according to sources
[14:19] {thomcbell} cog at day low
[14:19] {thomcbell} entry was the rally back up near vwap otherwise too wide
[14:21] {dino} rgr sm l .65
[14:26] {thomcbell} talk tomorrow guys
01[14:26] {Threei} Long Setup:  MCD  .65 break
01[14:26] {Threei}  If holds  .60
01[14:26] {Threei}  take care thom
01[14:29] {Threei}  valid still
[14:30] {dino} swi spike
[14:35] {dino} swi releases tonight, may be leak
[14:35] {nemo} no info, short it
01[14:35] {Threei}  Invalidated
[14:36] {dino} alrighty then
[14:36] {nemo} te morituri salutamos
[14:36] {dino} its a good day to die
01[14:36] {Threei}  lol
01[14:37] {Threei}  no it's not... too cold
[14:37] {dino} about 15" of snow on ground, another storm this weekend bringing 12" more
01[14:37] {Threei}  let's die on a warm sunny day, so people say "crap, I wanted to go to the beach but now I have to take care of this bastard"
[14:38] {dino} ok
[14:38] {fish_49} they wont bury you on the beach Vad?  you have nice relatives
01[14:38] {Threei}  they have a directive to spread my ashes over the ocean
01[14:38] {Threei}  so kind of yeah
[14:39] {dino} damn missed swi at .45
[14:44] {dino} ugh hain
[14:48] {nemo} I"d just flush u down the toilet
[14:51] {nemo} u watchin swi dino?
[14:51] {dino} yes
[14:51] {nemo} that top is R3 on the daily to the penny
[14:51] {dino} want a hi re-test
[14:51] {nemo} yep
[14:51] {nemo} this buying very uniform though
[14:52] {nemo} algo
[14:52] {dino} out rgr .74, =.09
[14:52] {dino} +.09
[14:53] {dino} they may know something about earnings
[14:53] {nemo} or spiking it into earnings
[14:53] {nemo} look at gmcr
[14:54] {RonS} reports ah
[14:54] {nemo} yes
[14:54] {nemo}  that's machine buying
[14:54] {dino} more like selling
[14:54] {nemo} yes
[14:54] {dino} going for open gap
[14:55] {nemo} you know what I mean ;-)
[14:57] {nemo} oh shit...remember the conversation about COG probably heading back to vwap...well it did, now look at it
[15:00] {Les} short HD .17
[15:04] {nemo} lotta' hidden buying at .26 on SWI
[15:04] {nemo} offers stacking
[15:05] {nemo} might be gnite IRen
[15:05] {nemo} Irene
01[15:05] {Threei} Long Setup:  C  .95 break
01[15:05] {Threei}  If holds  .85
[15:06] {dino} hain sm l .78
[15:06] {nemo} http://goo.gl/Ih4kif
[15:10] {Les} HD no go
[15:13] {fish_49} Good Call Toad
06[15:14] * Threei kicks C in the rear
[15:15] {nemo} ribbit
06[15:20] * Threei repeatedly kicks C in the rear with heavy duty army boots
[15:20] {goinshort} C waiting for the SPY
[15:20] {nemo} spy very near pivot
[15:22] {nemo} looks like it wants vwap
[15:22] {nemo} finnies are weak
[15:26] {dino} out hain .08, +.30
01[15:27] {Threei}  1:1
01[15:28] {Threei}  hope Les didn't use me as contrary indicator on this one {G}
[15:28] {nemo} think how much the world IQ would elevate if it weren't for him
[15:28] {Les} hehehe nah gave you benefit of the doubt :P half out
01[15:29] {Threei}  :)
[15:29] {nemo} wow P been walking the 3 min 34 ema
01[15:29] {Threei}  who traded with me long enough knows one thing... I always recover
[15:29] {nemo} and...
[15:29] {fish_49} All drunks do
[15:29] {nemo} you have a cast iron liver
01[15:30] {Threei}  you may win a few betting against me but the moment when your luck runs out is never very far
[15:30] {dino} yes, been here long enough to know that
[15:30] {nemo} Yeah, but boy were you good Fall of 2008
[15:30] {dino} i think since '05 or so
01[15:30] {Threei}  as for cast iron liver, I am afraid that's in the past
01[15:31] {Threei}  at least I don't risk testing it anymore
[15:31] {fish_49} [15:30] {fish_49} All drunks do   Had to say that Vad...  to make up for the Brown Nose names they called me yesterday
[15:31] {nemo} frickin' Phillistine
01[15:31] {Threei}  that's ok fish... I just add your name to the disgruntled postal worker list
[15:31] {nemo} I'll take care of Vad
[15:32] {fish_49} Vad next time u recover  can you let me know ahead of time?
[15:32] {fish_49} I sat out the last C trade  lol
[15:32] {nemo} look at market action since 11
[15:33] {nemo} this is a choppy day
[15:33] {dino} damn, every time i sell hain it goes another .50 or so
01[15:33] {Threei}  as our shishkebab gatherings show, I still can send most under the table and look as if I haven't drink anything but lemonade... but next morning is not as pein-free as it used to be :)
01[15:33] {Threei}  pain too
[15:33] {nemo} heheheheh
[15:33] {nemo} e
[15:33] {nemo} shut up fish
[15:33] {fish_49} lol  will there be a winter festival?
[15:33] {fish_49} ok Toad
[15:34] {nemo} arrow frog to you
01[15:34] {Threei}  (US) Fed's Lockhart: Current taper pace is considered the 'default'; would require serious adverse change in economic outlook to change pace - comments to reporters- Notes could increase speed of taper if the economy outperforms, but it is most probable pace of taper will remain at its current level - Stock selloff not surprising, doubtful market was in a bubble; recent selloff is just correction - Forward guidance could require adjustment in time
[15:34] {fish_49} Vad,  Nemo helped me out so much the last few days  I changed my trade plan to read "Be  nice to Nemo"
01[15:34] {Threei}  wow
01[15:34] {Threei}  why would you want to hurt him like this if he helped you
[15:35] {nemo} whoa
[15:35] {nemo} can't deal with that shit
[15:35] {fish_49} ur right  nemo don't like compliments and he gets goose bumps  when people are nice to him  lol
[15:35] {nemo} I always like that first punch...frickin' pisses me off
[15:36] {nemo} kinda' like the alarm clock going off
[15:36] {fish_49} We're the MIllers    "Count to 3
[15:36] {nemo} ya' duck ya' head when the shot comes, it stings glancing off your skull but boy does it load you up
01[15:43] {Threei}  "People who can't live their life well tend to demand to "forbid, confiscate and distribute"
[15:43] {nemo} ohhh...got a great quote hold on
[15:44] {Les} How much can I earn doing that?
01[15:44] {Threei}  1:2
[15:44] {nemo} "Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of
01[15:44] {Threei}  nice finish
[15:44] {nemo} their own conscience."
[15:44] {nemo} – C.S. Lewis
01[15:45] {Threei}  good one nemo
[15:45] {fish_49} ok  c yall tomorrow.  I will be prepared
[15:45] {nemo} so, you going to get KY jelly?
[15:45] {fish_49} no that was today
[15:46] {fish_49} tomorrow  Latex Condom
[15:46] {nemo} ahh
[15:48] {dino} calling it a day, good one, thx for ideas
01[15:48] {Threei}  take care fish, dino
[15:48] {dino} u2
[15:50] {goinshort} see ya all tomorrow 1
01[15:52] {Threei}  gs :)
[15:53] {Les} HD finally goes my way. someone seeing a potential daily bottom in it
01[15:53] {Threei}  thank you guys, have a good evening
01[15:53] {Threei}  see you tomorrow
[15:53] {Les} cheers