New course is available now: http://www.realitytrader.com/111trades.html
So, after my harping about beauty of downtrending market you'd expect me to post a loss today, right? Wrong: 7 wins out of 7 calls!
Session Time: Thu Dec 15 00:00:01 2011
[09:04] {Threei} do I have to wake up?
[09:04] {cc_8} usually a good idea
[09:05] {Threei} hmmm... I always thought it was just a theory
[09:05] {Threei} gap up day... hate those
[09:05] {swill} how about auto pilot
[09:06] {Threei} I tried it... it demanded coffee, whiskey and ciogarette... had to turn it off
[09:07] {swill} perhaps just one of those
[09:08] {swill} have black tea this morning
[09:08] {swill} having
[09:09] {dino} gm
[09:09] {Threei} dino :)
[09:13] {swill} i've picked up some good tips from the coarse
[09:14] {Threei} cool beans
[09:14] {Threei} on't tell me you have finished it already, lol
[09:15] {JK13} good morning everyone
[09:15] {swill} i'm not that fast. i like to ponder as i go
[09:15] {Threei} jk :)
[09:17] {RonS} howdy pardners...
[09:18] {swill} howdy
[09:18] {Threei} Ron :)
[09:20] {RonS} lol...has anyone even heard of michael kors?
[09:20] {jakob} good morning
[09:21] {Threei} jakob :)
[09:21] {Threei} no ron... should we?
[09:21] {thomcbell} Vad watches Project Runway
[09:21] {RonS} lol
[09:21] {Threei} hmmm... what's that? :)
[09:21] {Threei} you guys are full of fresh information this morning
[09:21] {RonS} heard he was on it
[09:22] {RonS} 6 inch heels and all...
[09:22] {Threei} ok... if you don't stop right away, I am telling nemo
[09:22] {Threei} and if THAT doesn't scare you, I dunno
[09:22] {RonS} hehe
[09:22] {Threei} so, who is that kors and what is that project?
[09:23] {dino} ipo
[09:23] {RonS} tv show...fashion designer w/ ipo hitting today $1 bil cap
[09:23] {RonS} more proof i am old...
[09:23] {thomcbell} he is a designer that is very good at trading 9:33 range reversals
[09:23] {Threei} hmmm... as if misery of social media ipos wasn't enough
[09:23] {Threei} lol thomc
[09:24] {RonS} some say strength in markets is to get the social media ipo's out and once facebook hits it is all over...
[09:25] {Threei} what strength
[09:25] {Threei} what do those "some" see it
[09:25] {Threei} what = where
[09:26] {RonS} saying w/o it we would be 1050...
[09:27] {RonS} lol...Putin Calls Mccain "Nuts"
[09:30] {Threei} Short Setup: FCX ,20 break half lot
[09:31] {Threei} well, 1:1 but I doubt you had a chance to execute it
[09:31] {cipher} yes
[09:31] {Threei} in case miracle happened 1:2, feel free to get out
[09:31] {Threei} yes as in no, or yes, miracle happened?
[09:31] {cipher} +.20 thx
[09:31] {JK13} too fast
[09:31] {Threei} qwtg
[09:31] {Threei} probably got it aggressively
[09:32] {Threei} fess up
[09:32] {cipher} nope waited till .20
[09:32] {Threei} cool
[09:32] {cipher} wasn't that bad
[09:32] {Threei} Short Setup: SLW .45 break
[09:32] {Threei} if stays under .55
[09:33] {nemo} .24 is pivot
[09:33] {Threei} morning nemo
[09:34] {nemo} enough with the pleasantries
[09:34] {Threei} yes
06[09:34] * Threei slaps nemo around a bit with a large bottle of whisky
[09:34] {nemo} yeah, was just thinking, this waking up sober is not what it's cracked up to be
[09:35] {Threei} Short Setup: FCX 38 break
[09:35] {Threei} SLW over 1:1
[09:35] {Threei} FCX, if stays under .10
[09:35] {Threei} SLW 1:2, out
[09:37] {Threei} did FCX trigger? I haven't seen bid dropping under 38
[09:37] {Threei} chart shows prints under it, may have happened while I was covering SLW
[09:37] {dino} no
[09:37] {Threei} ok, thought so, out of market print
[09:37] {Threei} one of the reasons I hate automated orders
[09:38] {Threei} they can be fooled by these things
[09:38] {Threei} valid
[09:39] {Threei} couple lousy prints at .11 don't invalidate it
[09:39] {Threei} 1;1
[09:39] {Threei} 1:2
[09:39] {Threei} going to 1:3 with this one
[09:40] {Threei} usual partials
[09:40] {Threei} stop is 38.01 for now
[09:40] {dino} cov fcx .81, +.17 ty vad
[09:40] {Threei} welcome
[09:40] {cipher} out fcx thx
[09:40] {Threei} :)
[09:40] {thomcbell} MOLTO BENE
[09:40] {nemo} Here's what I'm looking at: http://www.freestockcharts.com?emailChartID=099f6cac-d54f-432d-a0f5-0969d1ddd9bc
[09:40] {Threei} good job guys
[09:40] {thomcbell} ups catuchup play
[09:40] {nemo} oh no, another guinea
[09:40] {thomcbell} nice bar there on 10 min
[09:41] {thomcbell} buy 71.85 pullback
[09:43] {JK13} .
[09:44] {Threei} Long Setup: LVS .70 break half lot
[09:44] {Threei} if stays above .60
[09:45] {Threei} fast...
[09:45] {Threei} 1;1
[09:45] {cipher} got it
[09:45] {cipher} +.22
[09:45] {nemo} pivot .90
[09:45] {Threei} wtg
[09:45] {Threei} hit 1:2
[09:46] {Threei} don't stick around too long
[09:46] {cipher} .92 high
[09:50] {Threei} closed FCX at 1:3
[09:50] {cipher} wtg
[09:50] {Threei} ty
[09:50] {Threei} 4/4
[09:52] {Threei} trying to discern next market move
[09:52] {Threei} not clear yet
[09:52] {Threei} can go either way easily
[09:52] {cipher} my guess is up
[09:52] {Threei} if so, then LVS again
[09:53] {Threei} but I am not very confident
[09:53] {thomcbell} phil fed at 10
[09:54] {thomcbell} if it confirms jobless claim and empire strength could have a decent up move
[09:54] {thomcbell} fed ex strong as 10 men
[09:58] {dino} sprd sm l .54
[10:00] {Threei} (US) DEC PHILADELPHIA FED: 10.3 V 5.0E
[10:00] {Threei} wow
[10:01] {Threei} and smakcdown
[10:03] {dino} careful 07red
[10:03] {Threei} Short Setup: SLW .90 break
[10:04] {Threei} if stays under 29
[10:05] {Threei} 1:1
[10:05] {Threei} 5/5... on gap up day... did I break the curse?
[10:06] {thomcbell} good reports terible action
[10:07] {thomcbell} =lcs fcx slw aapl qcom straight down from 9:30
[10:07] {Threei} this is very bearish action
[10:07] {nemo} ya think
[10:07] {Threei} selling on good numbers I meaan
[10:07] {Threei} I don't, not really
[10:08] {Threei} and you nemo, you should know better
[10:08] {Threei} thinking is mortal sin
[10:08] {JK13} Tks Vad SLW +.12
[10:08] {Threei} welcome
[10:08] {nemo} yeah, and you keep veering to the sin side
[10:08] {Threei} I do?
[10:08] {nemo} unfortunately
[10:08] {Threei} that's bad... what am I going to tell santa...
[10:09] {nemo} lie
[10:09] {Threei} oh... really
[10:09] {Threei} thanks
[10:09] {nemo} np
[10:09] {nemo} he's a pedophile anyway
[10:09] {Threei} janitor
[10:09] {nemo} likes the reindeer too
[10:10] {nemo} what, you think children are following a frickin' daytrading blog?
[10:10] {nemo} watch .25 level IWM
[10:10] {Threei} SLW is ready for the next leg if loses .80
[10:11] {Threei} here we go
[10:11] {thomcbell} qcom short bounce up near 53 VAD
[10:11] {thomcbell} ?
[10:11] {Threei} depends on how it gets there
[10:11] {thomcbell} klac also on short radar here
[10:11] {Threei} can't tell in advance
[10:12] {Threei} if anyone partials SLW, stop .91
[10:13] {Threei} QCOM, rather let it go over 53, then seek to short recross back down if stays under 53.10
[10:13] {Threei} this kind of behavior is more consistent with its habits
[10:13] {thomcbell} ok like it - fcx holding pivot for now
[10:14] {Threei} and yes, you read it right: I typed 4 lines with no single mistype
[10:14] {Threei} won't happen too often so markt this occassion in your calendar
[10:14] {nemo} grammar sucks though
[10:14] {Threei} what's grammar?
[10:14] {nemo} u know grammar and grandpa
[10:15] {Threei} ah
[10:15] {nemo} I'm not sure i like sober
[10:16] {dino} vmw drop
[10:17] {dino} sm l .84
[10:19] {nemo} don't like that daily on vmw
[10:20] {dino} 85.65 target s1
[10:21] {nemo} vwap at 86.70 and falling
[10:21] {dino} watching it
[10:21] {cipher} +.34 vmw thx
[10:21] {dino} gj
[10:21] {Threei} nice
[10:21] {Threei} you guys are scary... feed you a stock symbol, you turn it into money
[10:22] {Threei} btw, I removed a coupon number for the course discount from the log... if anyone haven't copied it, ask to repost
[10:23] {nemo} How come my coupon increases the cost?
[10:23] {cipher} can you repost?
[10:23] {thomcbell} hd on radar for a short - needs to consolidate near lows
[10:23] {Threei} (edited out)
[10:24] {Threei} try not to enter it twice nemo... it programmed to double instead of trimming another 50%
[10:24] {dino} out vmw .32, +.48
[10:24] {cipher} thx
[10:24] {Threei} sure thing
[10:24] {cipher} wtg dino
[10:24] {Threei} nice one dino
[10:24] {dino} ty
[10:26] {Threei} that one above was for room members
[10:26] {Threei} BVO members have different number
[10:26] {Threei} (edited out)
[10:28] {Threei} QCOM, plan worked like charm
[10:28] {Threei} went over 53, stayed under .10, hit 1;1
[10:28] {Threei} anyone took it?
[10:31] {Threei} what, you all took a silence oath?
[10:32] {swill} i miss it
[10:32] {swill} missed
[10:33] {JK13} I missed as well
[10:33] {cipher} same here
[10:33] {swill} am i in trouble?
[10:33] {cipher} didn't see nice colors on qcom
[10:33] {Threei} oh well... I won't include it in today's stats then
[10:34] {Threei} no, wasn't as much official call as answering the question :)
[10:34] {cipher} you owe us another winner then :)
[10:34] {Threei} oops
[10:34] {Threei} lol
[10:38] {Threei} hmm
[10:38] {Threei} sharp red bar, no news
[10:39] {Threei} wow QCOM... big drop
[10:39] {Threei} nice spot tbell
[10:42] {nemo} we're just above iwm and spy pivots
[10:42] {thomcbell} those seem to be working since mondayh
[10:42] {thomcbell} without firehose
[10:43] {nemo} ?
[10:43] {thomcbell} liquidity firehose -
[10:43] {thomcbell} i was referring to the qcom
[10:44] {nemo} at pivots
[10:44] {nemo} getting divergences
[10:45] {nemo} look for potential bounce to vwap
[10:45] {nemo} this is weekly s1 support on spy
[10:47] {cipher} tna l .92
[10:50] {cipher} out .18 +.26
[10:55] {dino} gj
[10:57] {nemo} see we got the bounce after my computer freeze..vwap might still be target for IWM, SPY a bit far awway
[11:00] {dino} zoll
[11:01] {dino} sm s .70
[11:02] {dino} cov -.30
[11:04] {dino} sm s .33
[11:05] {RonS} pulp plus...
[11:06] {dino} cov .00, +1.30
[11:06] {Threei} wtg
[11:06] {RonS} gj...diaper change time?
[11:06] {dino} ty
[11:07] {dino} bit of pulp
[11:07] {RonS} w/ spreads hitting .30-.50 ya think
[11:08] {dino} sm s .75
[11:09] {dino} cov .20, +.55
[11:10] {thomcbell} slw about to have its moment of truth
[11:10] {Threei} I am l,ooking at it for the last 10 min, trying to get an idea
[11:11] {Threei} and each time I decide I do, it does opposite
[11:12] {dino} zoll sm s .10
[11:13] {dino} cov .33 -.23
[11:15] {dino} itmn drop
[11:16] {Threei} ok
[11:16] {Threei} Short Setup: SLW .60 break
[11:16] {RonS} $ITMN -- report that a German science board that contracts w/ gov't raises doubt about pirfenidone benefit
[11:16] {dino} ty
[11:17] {Threei} invalidated
[11:18] {dino} .01 trig imo
[11:20] {dino} out itmn .43, +.42
[11:21] {cipher} nice
[11:21] {dino} too soon
[11:21] {cipher} I chickened out fo a few pennies
[11:21] {Threei} SLW is valid again
[11:21] {RonS} itmn got in .11 want .80
[11:23] {dino} zoll sm s .00
[11:24] {dino} gj itmn ron
[11:25] {RonS} out .57 chickened out +.46
[11:26] {Threei} 1:1
[11:26] {Threei} cipher... that counts as another win I owed, right?
[11:26] {cipher} deal
[11:27] {Threei} cool
[11:27] {Threei} 6/6
[11:27] {cipher} to bad i missed it :(
[11:27] {Threei} and if anyone paid any attention to me, it would be 7
[11:27] {cipher} was pre occupied with itmn
[11:27] {Threei} well... this time nice colors were there
[11:27] {Threei} and triggered slowly
[11:27] {RonS} nuts itmn
[11:29] {dino} yeah
[11:29] {Threei} that's what putin said of mccain, ron
[11:29] {RonS} if i was not ctying i would be laughing...
[11:29] {Threei} hehe
[11:30] {Threei} finally I made a joke that made ron laugh
[11:30] {RonS} happens regularly actually
[11:31] {RonS} ...every time you insult nemo...
[11:31] {Threei} ok... finally I made a joke that made ron admit he laughed
[11:31] {Threei} oh btw!
[11:31] {Threei} nemo
[11:31] {Threei} guess what book I bought,
[11:31] {Threei} and intend to present to you once I see you
[11:31] {dino} rememberthe 3 d's ron
[11:31] {RonS} ?
[11:32] {dino} deny deny deny laughing at vads jokes
[11:32] {RonS} rotflol
[11:32] {Threei} too late, I know now he is closet fan
[11:32] {Threei} come on nemo, wake up
[11:33] {Threei} ok, he will read it when he sobers up... or drinks more
[11:33] {Threei} Giant Book of Insults
[11:33] {Threei} saw it and immediately thought it was the best present
[11:34] {Threei} read a few pages, and it didn't disappoint
[11:36] {RonS} just looked zoll intra...it needs their product!!!
[11:37] {dino} surprised 60 holds
[11:38] {dino} cov -.30
[11:38] {dino} taking break
[11:39] {RonS} so, if you wear one of these things is it required you paste sign on forehead: heart attack waiting to happen?
[11:40] {RonS} ...or: warning...i have some shocking news in my pocket?
[11:40] {Threei} lol
[11:48] {RonS} fcx l .40 break?
[11:48] {Threei} chart is right
[11:48] {Threei} SPY look is not very favorable
[11:51] {Threei} yeah, ruined
[11:55] {RonS} qotd: Has anyone ever performed knee surgery using only $WBMD and a scalpel? Asking for a friend.
[11:56] {Threei} rofl
[12:01] {RonS} rimm options suggest a 20% move on earnings this pm
[12:01] {RonS} $2.60
[12:02] {RonS} sheesh...error...$1.77
[12:08] {JK13} wow LVS
[12:15] {Threei} we have quadrule witching tomorrow?
[12:15] {Threei} or someone mixed up dates?
[12:16] {RonS} heard triple but triple or quad what is difference besides 1?
[12:16] {Threei} really
[12:16] {Threei} just sounds scarier
[12:40] {RonS} classic: I'm cheating on the Euro Crisis with the younger, hotter China Crisis.
[12:40] {Threei} rofl
[12:40] {Threei} this is really good one
[12:42] {Threei} *(GR) Troika inspectors to return to Greece for more consultations the week of Jan 15-20
[12:44] {Threei} (US) S&P issues outlook on US banking sector; outlook is dim
[12:49] {RonS} lol...But with the new China crash it's hot and heavy. Sometimes we don't even leave the house days...Europe be leaving messages and sh*t
[13:02] {Threei} (EU) EMU members now said to be looking to scale back some prior ambitions regarding fiscal union - FT
[13:02] {Threei} - Members now seeking to narrow scope of agreement to help passage through Parliaments; agreement would now only call for two provisions: A Debt Brake and making sanctions more automatic
[13:02] {Threei} - Bilateral agreements could go further
[13:02] {Threei} - Formal negotiations regarding the treaty will begin next week with final text by end of January; estimated signing in March
[13:02] {Threei} lol
[13:02] {Threei} those ambitions were said to be not enough to save things
[13:02] {Threei} now they scale them back
[13:04] {nemo} well that was fun...
[13:05] {dino} had a dream last night that germany dropped out of euro and went back to the dm
[13:05] {Threei} many call it a nightmare
[13:05] {RonS} kinky
[13:05] {nemo} did Merkel grow a little moustache and part her hair on the right side too
[13:05] {Threei} lol
[13:20] {dino} athn
[13:22] {dino} sm l .85
[13:22] {RonS} $ATHN Sees Gross Margin Down Next Year vs This Year; Spiking Lower on Heavy Volume
[13:23] {dino} thx
[13:24] {dino} out .62 -.23
[13:27] {dino} sm l .83
[13:29] {dino} out .52, +.69
[13:29] {cipher} wtg
[13:30] {dino} ty
[13:31] {cipher} athn s .73
[13:31] {cipher} covered .40 +.33
[13:31] {RonS} ltm sm s .28
[13:33] {dino} gj
[13:33] {cipher} thx
[13:34] {RonS} cvx prosecutors want permanent ban in brazil
[13:37] {cipher} ATHN L .23
[13:39] {cipher} stopped .-35
[13:39] {dino} going for 50 strike?
[13:39] {dino} bam!
[13:39] {dino} too fast for entry
[13:39] {nemo} athn just bounced off 200 sma
[13:42] {dino} smr l .56
[13:43] {dino} out .06, +.50
[13:43] {dino} wow way soon
[13:44] {cipher} +.50
[13:44] {cipher} wow
[13:44] {dino} gj
[13:44] {Threei} gj guys
[13:44] {cipher} scary
[13:44] {dino} went to 300
[13:44] {dino} shares
[13:45] {cipher} got 150
[13:45] {Threei} if I understand right, market spike is caused by this BSD:
[13:45] {Threei} (EU) Ireland Fin Min Noonan: Expects the EU to confirm �200B for IMF funds soon
[13:45] {dino} first two times were 400, but after that death drop
[13:45] {Threei} I'd expect it to be sold
[13:51] {cipher} in 47.81
[13:52] {cipher} out +.19
[13:52] {cipher} no guts to hold
[13:52] {dino} want 46.76
[13:52] {dino} cojones
[13:52] {cipher} coming soon
[13:53] {dino} hmmm, sometimes i expect too much
[13:54] {dino} db?
[13:54] {dino} nope
[13:56] {dino} in smr
[13:56] {dino} .76
[13:58] {dino} out .31, +.55
[13:59] {cipher} gj
[13:59] {dino} ty
[13:59] {dino} wicked
[14:00] {RonS} strange vix spike down
[14:00] {dino} 43.25 next supp
[14:01] {RonS} hmmm...wil athn get a halt?
[14:03] {Threei} my newsfeed is down
[14:05] {dino} athn w3hy even announce anything
[14:07] {dino} damn was waiting .26
[14:10] {dino} .25 l
[14:11] {dino} stop -.30
[14:12] {dino} smr l .00
[14:13] {dino} out .42
[14:15] {dino} smr l .50
[14:15] {dino} stop -.30
[14:15] {Threei} news is back
[14:15] {Threei} anyone need an ything?
[14:16] {swill} good news its back
[14:16] {Threei} no, I never said GOOD news is back... just news :)
[14:17] {swill} lol
[14:17] {Threei} at this rate ATHN will hit zero before this day is over
[14:17] {Threei} nemo... you here?
[14:18] {dino} smr l .53
[14:18] {dino} out .70, +1.17
[14:19] {dino} and on that note, calling it a day.
[14:19] {dino} thx all, errands to run
[14:19] {nemo} no, why
[14:19] {Threei} not a bad day I'd say
[14:19] {dino} ;)
[14:19] {Threei} and not a bad note to call a day on
[14:20] {Threei} nemo... have you seen my post about the book I bought for you?
[14:20] {nemo} no
[14:20] {Threei} [11:31] {Threei} nemo
[14:20] {Threei} [11:31] {Threei} guess what book I bought,
[14:20] {Threei} [11:31] {Threei} and intend to present to you once I see you
[14:21] {Threei} 11:33] {Threei} Giant Book of Insults
[14:21] {Threei} [11:33] {Threei} saw it and immediately thought it was the best present
[14:21] {Threei} [11:34] {Threei} read a few pages, and it didn't disappoint
[14:21] {nemo} I was a contributing author
[14:21] {Threei} ah,. OK... I'll keep it then
[14:22] {JK13} Vad, do you think lvs has created C& H in 1 min chart
[14:23] {Threei} with cup starting at the open?
[14:23] {Threei} handle is way too long for that...
[14:23] {JK13} yes
[14:23] {JK13} thx
[14:24] {Threei} when you get to that course, you'll see what lenght handle should be about... :)
[14:24] {nemo} hard to say here it's just above pivot and testing swing high
[14:25] {JK13} thx nemo
[14:26] {Threei} I'd rather look to fade it
[14:26] {Threei} especially if SPY drops
[14:27] {Threei} as in:
[14:27] {Threei} Short Setup: LVS 41 break
[14:27] {Threei} if stays under .10
[14:28] {nemo} pivot at .90
[14:29] {Threei} 1:1
[14:29] {Threei} 7/7
[14:29] {Threei} will you EVER let me go home??
[14:29] {nemo} o.k. we fade Harry Potter's calls
[14:30] {JK13} not yet, thx +14
[14:30] {Threei} :)
[14:30] {Threei} btw, course has a few examples of fading C&H
[14:30] {RonS} diapers pls...athn 42.60 ave to 44.80 +2.20
[14:30] {RonS} and pass the zoll
[14:30] {Threei} didn't realize we did it quite a few times
[14:30] {JK13} gj Ron
[14:30] {Threei} lol ron
[14:38] {RonS} lol...RIMM reports tonight. If it drops any lower it will no longer be in Canada
[14:38] {Threei} lol
[14:38] {Threei} and since AAPL will never let it land in US, it goes right throgh, to Mexico
[14:44] {RonS} out ltm .35 -.07
[14:48] {Threei} LVS 1:2
[14:51] {RonS} arghhh...athn went another 2.00
[14:52] {Threei} lol... come on, no diapers in the world could keep you in it for this long
[14:53] {RonS} so true
[15:16] {Threei} ugh... dino left without getting this nugget of wisdom form high above with exceptional value added:
[15:16] {Threei} (US) Fed's Lockhart: Unsustainable deficits for US will be painful
[15:16] {Threei} duh!
[15:17] {Threei} (FR) France PM Fillon: France is determined to reduce deficit and boost GDP; will never give up the euro
[15:17] {Threei} ummm
[15:18] {Threei} Euro vs US Dollar FX Concept's John Taylor: Parity in EUR/USD is a possibility, expects EUR to continue to fall
[15:19] {JK13} Would be easy to travel to europe if that is the case
[15:19] {Threei} yeah...
[15:19] {Threei} don't use color please
[15:21] {Threei} it's associated with calls... you may make someone impulsively short something
[15:21] {JK13} ok
[15:22] {RonS} thanks 3i almost shorted travel to europe...
[15:22] {Threei} hehe
[15:22] {JK13} :)
[15:22] {Threei} btw that would be true for americans mostly
[15:23] {Threei} canadioan dollar seems to be dropping merrily with euro
[15:26] {JK13} but it is not bad for people that work with us funds
[15:26] {Threei} not bad? it's extatic
[15:26] {Threei} or how you spell that
[15:27] {Threei} if it were in my power, CDN would be back to its 1998 levels
[15:27] {Threei} this parity stuff is killing me
[15:28] {JK13} that's right and good for manufacturing
[15:30] {swill} i believe cand dollar will come off further
[15:30] {Threei} I pray you are right
[15:30] {JK13} 2012 prayer
[15:31] {swill} commodity storey weakening
[15:37] {Threei} Short Setup: FCX .70 break
[15:37] {Threei} if stays under .80
[15:38] {Threei} correct to .75 break
[15:38] {Threei} with stop .85
[15:41] {Threei} invalidated
[15:41] {Threei} not sure about another recalibration to .80
[15:44] {swill} shuks
[15:50] {Threei} CME directors suing Corzine over missing MF Global funds
[15:51] {Threei} somewhat strange entity to sue
[15:51] {Threei} but whatever
[15:51] {Threei} sue him to high heaven
[15:51] {Threei} no love lost
[15:53] {Threei} RIM earnings after close
[15:53] {Threei} won't be pretty I guess
[15:53] {nemo} short
[15:54] {Threei} I'll stick arounf for a few min afer close
[15:54] {Threei} want to look at it
[15:58] {Threei} volume is ridiculous today
[15:59] {Threei} very unconvincing green day, finishing near the low
[15:59] {Threei} if anything, litle tech bounce in downtrend
[16:00] {RonS} copper was just horrible today
[16:00] {Threei} look at gold
[16:01] {Threei} come on RIMM{ suspense is killing us
[16:06] {Threei} ADBE decent report
[16:07] {Threei} RIMM is probably trying to tarnsmit the earnings over blackberry netweork, so it's delayed
Thursday, December 15, 2011
Wednesday, December 14, 2011
Nemo's Midweek Findings
ATTENTION: New course is available now: http://www.realitytrader.com/111trades.html
Here's a YouTube review for midweek: http://www.youtube.com/watch?v=N_yh2Lz3KnU
Sorry about bunny holding things up for a moment...She's staring at me as I type this...weird....I feel like Donnie Darko.
Here's a YouTube review for midweek: http://www.youtube.com/watch?v=N_yh2Lz3KnU
Sorry about bunny holding things up for a moment...She's staring at me as I type this...weird....I feel like Donnie Darko.
Dec 14 2011
ATTENTION: New course is available now: http://www.realitytrader.com/111trades.html
7 calls, 6 wins. What is about downtrending markets that makes them so easy to trade...
Session Time: Wed Dec 14 00:00:00 2011
01[09:00] {Threei} (GE) Germany Chancellor Merkel: Europe has embarked on an irreversible process to create fiscal union; the importance of last week's summit results cannot be overstated - statement
01[09:00] {Threei} - Next steps on fiscal union to be drafted by March 2012 and then go to parliaments.
01[09:00] {Threei} - It is in the UK's interest to help Europe overcome the euro crisis.
01[09:00] {Threei} - Europe must generate sustainable economic growth
01[09:00] {Threei} - Reiterates that Euro Bonds will not resolve the current crisis
[09:06] {JK13} good morning everyone
01[09:06] {Threei} morning jk
01[09:08] {Threei} spot gold tests its 200-day moving average
01[09:09] {Threei} (EU) EU's Juncker: All the funds for the euro zone's ESM mechanism need to be contributed in 2012
01[09:09] {Threei} - Not all euro zone member states agree on this point
01[09:20] {Threei} so far things deve,lop by the same scenario... uncertain pre-market, selling begins at first opportunity
01[09:24] {Threei} certainly targeting short trades
[09:24] {jakob} good morning
01[09:25] {Threei} jakob :)
01[09:25] {Threei} hah!
01[09:25] {Threei} nemo thinks he knows something about peyote
01[09:25] {Threei} this shows he has nothing on these two guys:
01[09:25] {Threei} (GE) Germany Fin Min Schaeuble: Reiterates view that Euro is a stable currency and not in crisis-
01[09:25] {Threei} ECB's Weidmann says EUR is more stable than Deutsche Mark was
01[09:25] {Threei} now, THAT'S delusion!
01[09:26] {Threei} FCX just couldn't wait for the opening, could it...
01[09:30] {Threei} prepare half lot on FCX, waiting out a min or two of opening vlatility
01[09:31] {Threei} SLW too
01[09:31] {Threei} Short Setup: FCX .30 break
01[09:31] {Threei} ugh, late
01[09:32] {Threei} teleported
01[09:32] {Threei} watch for second chance
01[09:32] {Threei} let it go over .30
01[09:32] {Threei} then let's see if we get same setup
01[09:34] {Threei} if can't then .25 break short
01[09:34] {Threei} with stop above .35
01[09:34] {Threei} in
01[09:35] {Threei} target 1:3
01[09:35] {Threei} 1:1
01[09:36] {Threei} stop to .31
01[09:36] {Threei} giving it a little more breathing room than usual
01[09:36] {Threei} stop to .26 now
[09:37] {dino} cov fcx .14, +.16 ty vad
01[09:37] {Threei} :)
01[09:38] {Threei} was 1 cent from 1:2, I guess I oversat it a little
01[09:40] {Threei} watching HD
01[09:40] {Threei} wjhat's with bout of enthusiasm?
[09:41] {JK13} divident for funds ?
01[09:41] {Threei} Short Setup: HD .30 break
01[09:41] {Threei} stop above .40
01[09:44] {Threei} HD, not sure about target but should be able to do more than scalp
01[09:44] {Threei} look at daily
01[09:44] {Threei} nothing but air under it
01[09:46] {Threei} Short Setup: RIMM .30 break
01[09:47] {Threei} stop for day traders above .40
01[09:47] {Threei} scalpers .35
01[09:47] {Threei} HD 1:1
01[09:47] {Threei} first partial out, trail stop
01[09:47] {Threei} RIMM 1:1
01[09:48] {Threei} bout of enthusiasm morphed into paroxysm of desperation
01[09:48] {Threei} that's your neurotic market of late
01[09:48] {Threei} be thankful ytou have a neurotic trader making calls for you {G}
[09:49] {dino} cov hd .16, +.13
01[09:49] {Threei} :)
01[09:50] {Threei} HD 1:2
01[09:50] {Threei} second partial, stop to .26
01[09:50] {Threei} to .21 now
[09:50] {dino} cov rimm .24, +.05
[09:50] {dino} ty vadster
01[09:51] {Threei} not fooling around,are you
01[09:51] {Threei} very welcome
[09:51] {swill} cov rimm .23 +.14 ty
01[09:51] {Threei} wtg
01[09:52] {Threei} and if you are curious to know how all these plays are structured, the coupon for your new shining course is coming right after market calms down
[09:53] {swill} oh boy
01[09:53] {Threei} yup, running ahead of schedule
01[09:53] {Threei} how many could say that these days
01[09:55] {Threei} say, do you see the irony in this:
01[09:55] {Threei} (CH) US Treasury's Brainard: If China wants to keep its economy expanding, it must reorient its growth model
[09:57] {RonS} hummm...the chinese must reorient...
01[09:57] {Threei} oh... there is more than one level of irony
01[09:57] {Threei} thatnks for pointing it out :)
[09:58] {RonS} must mean move to russia
[09:59] {RonS} qotd: The only commodity in a bull market this year was False Breakouts
01[09:59] {Threei} lol
01[10:00] {Threei} Short Setup: FCX 37 break
01[10:00] {Threei} stop is so obvious, I won't insult your intelligence
01[10:01] {Threei} 1:1
01[10:01] {Threei} well, if nemo were here, I would... just out of sheer love to the art of insults
01[10:02] {Threei} play by the book
01[10:02] {Threei} if partialing, trail to .01
01[10:02] {Threei} if scalping, you need my guidance like you need a third nostril
[10:02] {dino} cov fcx .85, +.14 ty
01[10:02] {Threei} welcome sir
01[10:02] {Threei} that's 4 for 4?
[10:03] {dino} gj
01[10:03] {Threei} I have my moments...
01[10:03] {Threei} they are fewer and farther between as senility strikes but...
01[10:05] {Threei} ah, here we go, plot thickens:
01[10:05] {Threei} (EU) Outgoing member ECB's Stark: Euro zone needs its own finance ministry
01[10:05] {Threei} they couldn't get that EU constitution through, so now theyh are using crisis to get the same thing through the backdoor
01[10:05] {Threei} what was this rahm's saying... never waste a good crisis?
01[10:06] {Threei} HD
01[10:06] {Threei} maybe worth another short...
01[10:06] {Threei} not sure, watching
01[10:07] {Threei} rofl
01[10:07] {Threei} Santa Claus rally replaced with the Grinch Groan
01[10:08] {Threei} ok, if you feel panic coming (and I do)
01[10:08] {Threei} Short Setup: HD 39 break
01[10:08] {Threei} if stays under .10
01[10:08] {Threei} if you have nice profits from this morning's trading (and you should), do a half lot
01[10:08] {Threei} to protect them, da profits
01[10:09] {Threei} FCX baby
01[10:09] {Threei} 1:2
06[10:09] * Threei sings "fiiish in the barrel" to the tune of the "smoke on water"
01[10:10] {Threei} FCX 1:3, out
01[10:10] {Threei} wow, got .65 fill
[10:10] {dino} nice
01[10:10] {Threei} HD 1:1
[10:11] {dino} cov hd .89, +.10 ty
01[10:11] {Threei} :)
01[10:11] {Threei} {HD} second short in 40 min? that's harrassment. I'll sue
[10:13] {dino} sprd sm l .00
01[10:19] {Threei} look at fist market spike right out of the gate, 9:30 - 9:40
01[10:19] {Threei} just how disappointed those who trusted it remain
01[10:20] {Threei} it was against our general market read, so we waited it out, nailed the end of it, unleashed our shorts, and got rewarded with 5 straight wins
01[10:20] {Threei} clear illustration to " go with your read, but wait for yor setups"
01[10:21] {Threei} OK guys
01[10:21] {Threei} room members, your 50% discount coupon for the new course:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} BVO members, your 30% discount coupon:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} both are valid till Dec 31
[10:22] {cipher} what's BVO?
01[10:22] {Threei} best value offer
[10:22] {cipher} ok
01[10:23] {Threei} one under which 2 months free room bonus is granted
[10:23] {dino} out sprd .35, +.35
[10:23] {cipher} wtg
01[10:23] {Threei} nice one dino
[10:23] {dino} ty
[10:23] {JK13} thx Dino sprd +.15
[10:23] {dino} gj
[10:23] {dino} eyes on gpor, csh, chk
[10:24] {RonS} in sprd at .10...target .85
01[10:24] {Threei} course page is the same, http://www.realitytrader.com/111trades.html
01[10:24] {Threei} it's just that "coming soon" is no longer there
01[10:24] {Threei} and link to Order is now active
[10:25] {dino} gpor sm l .42
[10:26] {swill} thanks for coupon. I'll order today
01[10:27] {Threei} sure thing, delivered as promised
[10:28] {dino} ron, gj sprd
[10:28] {dino} csh sm l .56 ave
[10:29] {RonS} out sprd .85 +.75 thanks dino
01[10:29] {Threei} nice job guys
[10:29] {dino} ;)
01[10:30] {Threei} *(US) DOE CRUDE: -1.9MM V -2ME; GASOLINE: +3.8M V +1.5ME; DISTILLATE: +480K V +1ME; UTILIZATION: 85.1% V 87.6%E
[10:35] {RonS} uh, so what's that mean?
[10:35] {RonS} hehe
01[10:35] {Threei} don't even :)
[10:39] {swill} back in 90.
[10:48] {dino} wow fslr
[10:48] {dino} 180 to 30
01[10:50] {Threei} hmm
01[10:50] {Threei} (FR) France Foreign Min Juppe: The loss of AAA rating would not be cataclysmic; believes that ratings agencies can be "subjective and political" - French press
01[10:50] {Threei} Earlier this morning Bundesbank President Weidmann said that the loss of 'AAA' rating is not the end of the world.
01[10:50] {Threei} cam you tell they see it coming?
[10:51] {dino} indeed
[10:51] {dino} everybodyv already knows they are not aaa
01[10:55] {Threei} curious thing to me is:
01[10:55] {Threei} everyone knows it's comiong, deep in their soul,
01[10:56] {Threei} and normally, this kind of things would have caused selling in advance
01[10:56] {Threei} so that when actual event comes, market reacts in opposite way, trapping those who came late to the party
01[10:56] {Threei} This time ariound however, market stays in denial
[10:56] {dino} gpor stop -.28
01[10:57] {Threei} and when it happens, it will actualy tank
01[10:57] {Threei} I don't know why... my best guess is:
01[10:58] {Threei} market is so overwhelmed by bad news and unimaginable scale of a disaster projected, it just gets nube to it
01[10:58] {Threei} numb
01[10:58] {Threei} so any hint of good news causes husterical buying
01[10:58] {Threei} hysterical
01[10:58] {Threei} then depression returns and steady selling resumes
01[10:59] {Threei} that's your bi-polar neurotic market that we have last few weeks/months
01[10:59] {Threei} not bad for trading... murderous for investors
[10:59] {dino} fwiw s/p is -11%+ fron '11 highs
[11:00] {RonS} gpor sm l .05
[11:01] {dino} sprd sm l .87
01[11:08] {Threei} argh
01[11:08] {Threei} intended to watch SLW for 29 breakdown earlier
01[11:08] {Threei} gor distracted
01[11:09] {Threei} see inverted C&H breakdown?
[11:09] {RonS} out gpor -.05
[11:15] {dino} out sprd .30, +.43
01[11:21] {Threei} probably bounce time for the market
[11:24] {dino} gpor sm l .85
01[11:28] {Threei} Long Setup: TNA .40 break half lot
01[11:28] {Threei} stop under .30
01[11:28] {Threei} target .70
01[11:30] {Threei} no go
01[11:32] {Threei} news-driven selling
01[11:32] {Threei} CS Portion of a Credit Suisse building in Manhattan has been evacuated by Police due to a suspicious package
[11:33] {dino} fruit cake
[11:42] {dino} stx l .06
[11:42] {RonS} fio sm l .40
01[11:43] {Threei} Euro below 1.30...
[11:43] {dino} most of the morning
01[11:44] {Threei} I just noticed :)
[11:54] {dino} out stx .19, +.13
[11:55] {dino} fwiw gaps below 11556, 2211, 1195
[11:56] {RonS} lol...Good News! American Airlines emerging from Chapter 11 as a "social media airline", valuation $64 billion. They're calling it Fly-
[11:57] {RonS} missed a letter...should read Fly-R
01[11:57] {Threei} heh
01[11:58] {Threei} out of all crazes, one I can't wait to pass is a social media craze
[12:08] {swill} purchased new coarse. will have as comba protection today
[12:09] {dino} fio sm l .14
[12:13] {dino} sm l gld .05
01[12:13] {Threei} thanks swill, hope you'll enjoy it
01[12:13] {Threei} let me know if access is OK
[12:14] {swill} so far, good
01[12:14] {Threei} cool
[12:15] {swill} indeed
01[12:15] {Threei} haven't found any glitches during testing, but still
[12:15] {dino} dcc 3i
[12:22] {dino} gld stop -.25
[12:24] {JK13} .
[12:28] {dino} rinsed
[12:30] {JK13} 3i what do you think on tna long
[12:31] {dino} 07 green
01[12:31] {Threei} toughie...
01[12:31] {Threei} tempting but iffy
[12:48] {dino} out fio .72, +.58 ty ron
01[12:50] {Threei} wtg
[12:50] {RonS} out fio .80 +.40
[12:51] {RonS} yw dino glad you are back
[12:58] {RonS} what the heck...xlf, bkx green
01[13:10] {Threei} (UK) Financial regulator FSA is said to have asked UK banks to submit plans in regards to their preparation for a potential breakup of the euro zone - financial press- FSA is said to be planning to meet with banks to discuss their contingency plans for any potential euro zone breakup.
[13:21] {dino} out gpor .60, +.75
[13:23] {RonS} gj
[13:23] {dino} ty
[13:27] {RonS} mc time on a lot of dailies
[13:28] {RonS} hammer time
[13:34] {RonS} wow...lol... http://tinyurl.com/cq7fc9v
[13:37] {patience} good morning :)
01[13:38] {Threei} morning patience
[13:39] {RonS} dino, could gmcr go for a gap fill this pm?
[13:41] {dino} be a heck of a move
01[13:49] {Threei} EUR/USD PIMCO Global portfolio management Chief Mather: EUR/USD parity is not out of the question; US dollar is best trade for the next 3 to 6 months
01[13:49] {Threei} so dino... you remarked earlier on how much FSLR is donw, remember?
01[13:50] {Threei} now, have a look at this:
01[13:50] {Threei} First Solar Inc. Hearing Stifel downgrades to Hold from buy
01[13:50] {Threei} can you say value added?
[13:51] {dino} lol
[13:55] {RonS} $CVX Spiking Lower; Brazil Prosecutors Seek 20B Reais from Chevron in Damages; Asked to Suspend All Activity in Brazil by Prosecutors
[14:12] {RonS} rig hit on this too
[14:24] {dino} hitk sm l .23 ave
01[14:27] {Threei} Short Setup: UIS .45 break
01[14:27] {Threei} if stays under .55
[14:29] {dino} gmcr came back 2
[14:44] {JK13} .
01[14:44] {Threei} good point
[14:45] {JK13} ;)
01[14:46] {Threei} (US) Senator Demint (R-SC): Believes the Fed will not provide funding to the IMF
01[14:46] {Threei} Fed: wanna bet?
01[14:47] {Threei} UIS touched 1 cent from 1;1
01[14:47] {Threei} let's trail stop to .51 if still in
01[14:53] {Threei} 1:1 baby
01[14:53] {Threei} patient ones, start covering
01[14:53] {Threei} scalpers get out
01[15:13] {Threei} no news for this market spike
01[15:18] {Threei} 1:2 UIS
01[15:18] {Threei} my a$$ is out
[15:21] {patience} china said today it guarantees growth amid global slowdown....news story being picked up, no idea if it is a legitimate story
01[15:22] {Threei} guarantees, eh
01[15:22] {Threei} "those are our numbers, we can make them whatever we want"
[15:26] {dino} they were saying yesterday 8% growth for at least 10 years
01[15:27] {Threei} BS
01[15:28] {Threei} as far as I am concerned
01[15:38] {Threei} lol
01[15:38] {Threei} Dear God,
01[15:38] {Threei} My prayer for 2012 is for
01[15:38] {Threei} A fat bank account & a thin body.
01[15:38] {Threei} Please don't mix these up like you did last year.
01[15:38] {Threei} AMEN!
[15:41] {swill} amen
[15:42] {patience} this must be a guy's prayer
01[15:46] {Threei} what do you know
01[15:46] {Threei} UIS made it to 1:3
01[15:46] {Threei} without me, but still
[15:47] {dino} out hitk ave .57, +.34
01[15:47] {Threei} nice finish
[15:47] {dino} ty took about an hour
[15:53] {dino} wab spiuke
[15:53] {dino} spike too
[15:53] {dino} wtf 69s now 64
01[15:54] {Threei} no news yet
01[16:00] {Threei} OK guys, thank you all
01[16:00] {Threei} have a good evenbing
01[16:00] {Threei} see you tomorrow
[16:01] {dino} gn
7 calls, 6 wins. What is about downtrending markets that makes them so easy to trade...
Session Time: Wed Dec 14 00:00:00 2011
01[09:00] {Threei} (GE) Germany Chancellor Merkel: Europe has embarked on an irreversible process to create fiscal union; the importance of last week's summit results cannot be overstated - statement
01[09:00] {Threei} - Next steps on fiscal union to be drafted by March 2012 and then go to parliaments.
01[09:00] {Threei} - It is in the UK's interest to help Europe overcome the euro crisis.
01[09:00] {Threei} - Europe must generate sustainable economic growth
01[09:00] {Threei} - Reiterates that Euro Bonds will not resolve the current crisis
[09:06] {JK13} good morning everyone
01[09:06] {Threei} morning jk
01[09:08] {Threei} spot gold tests its 200-day moving average
01[09:09] {Threei} (EU) EU's Juncker: All the funds for the euro zone's ESM mechanism need to be contributed in 2012
01[09:09] {Threei} - Not all euro zone member states agree on this point
01[09:20] {Threei} so far things deve,lop by the same scenario... uncertain pre-market, selling begins at first opportunity
01[09:24] {Threei} certainly targeting short trades
[09:24] {jakob} good morning
01[09:25] {Threei} jakob :)
01[09:25] {Threei} hah!
01[09:25] {Threei} nemo thinks he knows something about peyote
01[09:25] {Threei} this shows he has nothing on these two guys:
01[09:25] {Threei} (GE) Germany Fin Min Schaeuble: Reiterates view that Euro is a stable currency and not in crisis-
01[09:25] {Threei} ECB's Weidmann says EUR is more stable than Deutsche Mark was
01[09:25] {Threei} now, THAT'S delusion!
01[09:26] {Threei} FCX just couldn't wait for the opening, could it...
01[09:30] {Threei} prepare half lot on FCX, waiting out a min or two of opening vlatility
01[09:31] {Threei} SLW too
01[09:31] {Threei} Short Setup: FCX .30 break
01[09:31] {Threei} ugh, late
01[09:32] {Threei} teleported
01[09:32] {Threei} watch for second chance
01[09:32] {Threei} let it go over .30
01[09:32] {Threei} then let's see if we get same setup
01[09:34] {Threei} if can't then .25 break short
01[09:34] {Threei} with stop above .35
01[09:34] {Threei} in
01[09:35] {Threei} target 1:3
01[09:35] {Threei} 1:1
01[09:36] {Threei} stop to .31
01[09:36] {Threei} giving it a little more breathing room than usual
01[09:36] {Threei} stop to .26 now
[09:37] {dino} cov fcx .14, +.16 ty vad
01[09:37] {Threei} :)
01[09:38] {Threei} was 1 cent from 1:2, I guess I oversat it a little
01[09:40] {Threei} watching HD
01[09:40] {Threei} wjhat's with bout of enthusiasm?
[09:41] {JK13} divident for funds ?
01[09:41] {Threei} Short Setup: HD .30 break
01[09:41] {Threei} stop above .40
01[09:44] {Threei} HD, not sure about target but should be able to do more than scalp
01[09:44] {Threei} look at daily
01[09:44] {Threei} nothing but air under it
01[09:46] {Threei} Short Setup: RIMM .30 break
01[09:47] {Threei} stop for day traders above .40
01[09:47] {Threei} scalpers .35
01[09:47] {Threei} HD 1:1
01[09:47] {Threei} first partial out, trail stop
01[09:47] {Threei} RIMM 1:1
01[09:48] {Threei} bout of enthusiasm morphed into paroxysm of desperation
01[09:48] {Threei} that's your neurotic market of late
01[09:48] {Threei} be thankful ytou have a neurotic trader making calls for you {G}
[09:49] {dino} cov hd .16, +.13
01[09:49] {Threei} :)
01[09:50] {Threei} HD 1:2
01[09:50] {Threei} second partial, stop to .26
01[09:50] {Threei} to .21 now
[09:50] {dino} cov rimm .24, +.05
[09:50] {dino} ty vadster
01[09:51] {Threei} not fooling around,are you
01[09:51] {Threei} very welcome
[09:51] {swill} cov rimm .23 +.14 ty
01[09:51] {Threei} wtg
01[09:52] {Threei} and if you are curious to know how all these plays are structured, the coupon for your new shining course is coming right after market calms down
[09:53] {swill} oh boy
01[09:53] {Threei} yup, running ahead of schedule
01[09:53] {Threei} how many could say that these days
01[09:55] {Threei} say, do you see the irony in this:
01[09:55] {Threei} (CH) US Treasury's Brainard: If China wants to keep its economy expanding, it must reorient its growth model
[09:57] {RonS} hummm...the chinese must reorient...
01[09:57] {Threei} oh... there is more than one level of irony
01[09:57] {Threei} thatnks for pointing it out :)
[09:58] {RonS} must mean move to russia
[09:59] {RonS} qotd: The only commodity in a bull market this year was False Breakouts
01[09:59] {Threei} lol
01[10:00] {Threei} Short Setup: FCX 37 break
01[10:00] {Threei} stop is so obvious, I won't insult your intelligence
01[10:01] {Threei} 1:1
01[10:01] {Threei} well, if nemo were here, I would... just out of sheer love to the art of insults
01[10:02] {Threei} play by the book
01[10:02] {Threei} if partialing, trail to .01
01[10:02] {Threei} if scalping, you need my guidance like you need a third nostril
[10:02] {dino} cov fcx .85, +.14 ty
01[10:02] {Threei} welcome sir
01[10:02] {Threei} that's 4 for 4?
[10:03] {dino} gj
01[10:03] {Threei} I have my moments...
01[10:03] {Threei} they are fewer and farther between as senility strikes but...
01[10:05] {Threei} ah, here we go, plot thickens:
01[10:05] {Threei} (EU) Outgoing member ECB's Stark: Euro zone needs its own finance ministry
01[10:05] {Threei} they couldn't get that EU constitution through, so now theyh are using crisis to get the same thing through the backdoor
01[10:05] {Threei} what was this rahm's saying... never waste a good crisis?
01[10:06] {Threei} HD
01[10:06] {Threei} maybe worth another short...
01[10:06] {Threei} not sure, watching
01[10:07] {Threei} rofl
01[10:07] {Threei} Santa Claus rally replaced with the Grinch Groan
01[10:08] {Threei} ok, if you feel panic coming (and I do)
01[10:08] {Threei} Short Setup: HD 39 break
01[10:08] {Threei} if stays under .10
01[10:08] {Threei} if you have nice profits from this morning's trading (and you should), do a half lot
01[10:08] {Threei} to protect them, da profits
01[10:09] {Threei} FCX baby
01[10:09] {Threei} 1:2
06[10:09] * Threei sings "fiiish in the barrel" to the tune of the "smoke on water"
01[10:10] {Threei} FCX 1:3, out
01[10:10] {Threei} wow, got .65 fill
[10:10] {dino} nice
01[10:10] {Threei} HD 1:1
[10:11] {dino} cov hd .89, +.10 ty
01[10:11] {Threei} :)
01[10:11] {Threei} {HD} second short in 40 min? that's harrassment. I'll sue
[10:13] {dino} sprd sm l .00
01[10:19] {Threei} look at fist market spike right out of the gate, 9:30 - 9:40
01[10:19] {Threei} just how disappointed those who trusted it remain
01[10:20] {Threei} it was against our general market read, so we waited it out, nailed the end of it, unleashed our shorts, and got rewarded with 5 straight wins
01[10:20] {Threei} clear illustration to " go with your read, but wait for yor setups"
01[10:21] {Threei} OK guys
01[10:21] {Threei} room members, your 50% discount coupon for the new course:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} BVO members, your 30% discount coupon:
01[10:22] {Threei} (edited out)
01[10:22] {Threei} both are valid till Dec 31
[10:22] {cipher} what's BVO?
01[10:22] {Threei} best value offer
[10:22] {cipher} ok
01[10:23] {Threei} one under which 2 months free room bonus is granted
[10:23] {dino} out sprd .35, +.35
[10:23] {cipher} wtg
01[10:23] {Threei} nice one dino
[10:23] {dino} ty
[10:23] {JK13} thx Dino sprd +.15
[10:23] {dino} gj
[10:23] {dino} eyes on gpor, csh, chk
[10:24] {RonS} in sprd at .10...target .85
01[10:24] {Threei} course page is the same, http://www.realitytrader.com/111trades.html
01[10:24] {Threei} it's just that "coming soon" is no longer there
01[10:24] {Threei} and link to Order is now active
[10:25] {dino} gpor sm l .42
[10:26] {swill} thanks for coupon. I'll order today
01[10:27] {Threei} sure thing, delivered as promised
[10:28] {dino} ron, gj sprd
[10:28] {dino} csh sm l .56 ave
[10:29] {RonS} out sprd .85 +.75 thanks dino
01[10:29] {Threei} nice job guys
[10:29] {dino} ;)
01[10:30] {Threei} *(US) DOE CRUDE: -1.9MM V -2ME; GASOLINE: +3.8M V +1.5ME; DISTILLATE: +480K V +1ME; UTILIZATION: 85.1% V 87.6%E
[10:35] {RonS} uh, so what's that mean?
[10:35] {RonS} hehe
01[10:35] {Threei} don't even :)
[10:39] {swill} back in 90.
[10:48] {dino} wow fslr
[10:48] {dino} 180 to 30
01[10:50] {Threei} hmm
01[10:50] {Threei} (FR) France Foreign Min Juppe: The loss of AAA rating would not be cataclysmic; believes that ratings agencies can be "subjective and political" - French press
01[10:50] {Threei} Earlier this morning Bundesbank President Weidmann said that the loss of 'AAA' rating is not the end of the world.
01[10:50] {Threei} cam you tell they see it coming?
[10:51] {dino} indeed
[10:51] {dino} everybodyv already knows they are not aaa
01[10:55] {Threei} curious thing to me is:
01[10:55] {Threei} everyone knows it's comiong, deep in their soul,
01[10:56] {Threei} and normally, this kind of things would have caused selling in advance
01[10:56] {Threei} so that when actual event comes, market reacts in opposite way, trapping those who came late to the party
01[10:56] {Threei} This time ariound however, market stays in denial
[10:56] {dino} gpor stop -.28
01[10:57] {Threei} and when it happens, it will actualy tank
01[10:57] {Threei} I don't know why... my best guess is:
01[10:58] {Threei} market is so overwhelmed by bad news and unimaginable scale of a disaster projected, it just gets nube to it
01[10:58] {Threei} numb
01[10:58] {Threei} so any hint of good news causes husterical buying
01[10:58] {Threei} hysterical
01[10:58] {Threei} then depression returns and steady selling resumes
01[10:59] {Threei} that's your bi-polar neurotic market that we have last few weeks/months
01[10:59] {Threei} not bad for trading... murderous for investors
[10:59] {dino} fwiw s/p is -11%+ fron '11 highs
[11:00] {RonS} gpor sm l .05
[11:01] {dino} sprd sm l .87
01[11:08] {Threei} argh
01[11:08] {Threei} intended to watch SLW for 29 breakdown earlier
01[11:08] {Threei} gor distracted
01[11:09] {Threei} see inverted C&H breakdown?
[11:09] {RonS} out gpor -.05
[11:15] {dino} out sprd .30, +.43
01[11:21] {Threei} probably bounce time for the market
[11:24] {dino} gpor sm l .85
01[11:28] {Threei} Long Setup: TNA .40 break half lot
01[11:28] {Threei} stop under .30
01[11:28] {Threei} target .70
01[11:30] {Threei} no go
01[11:32] {Threei} news-driven selling
01[11:32] {Threei} CS Portion of a Credit Suisse building in Manhattan has been evacuated by Police due to a suspicious package
[11:33] {dino} fruit cake
[11:42] {dino} stx l .06
[11:42] {RonS} fio sm l .40
01[11:43] {Threei} Euro below 1.30...
[11:43] {dino} most of the morning
01[11:44] {Threei} I just noticed :)
[11:54] {dino} out stx .19, +.13
[11:55] {dino} fwiw gaps below 11556, 2211, 1195
[11:56] {RonS} lol...Good News! American Airlines emerging from Chapter 11 as a "social media airline", valuation $64 billion. They're calling it Fly-
[11:57] {RonS} missed a letter...should read Fly-R
01[11:57] {Threei} heh
01[11:58] {Threei} out of all crazes, one I can't wait to pass is a social media craze
[12:08] {swill} purchased new coarse. will have as comba protection today
[12:09] {dino} fio sm l .14
[12:13] {dino} sm l gld .05
01[12:13] {Threei} thanks swill, hope you'll enjoy it
01[12:13] {Threei} let me know if access is OK
[12:14] {swill} so far, good
01[12:14] {Threei} cool
[12:15] {swill} indeed
01[12:15] {Threei} haven't found any glitches during testing, but still
[12:15] {dino} dcc 3i
[12:22] {dino} gld stop -.25
[12:24] {JK13} .
[12:28] {dino} rinsed
[12:30] {JK13} 3i what do you think on tna long
[12:31] {dino} 07 green
01[12:31] {Threei} toughie...
01[12:31] {Threei} tempting but iffy
[12:48] {dino} out fio .72, +.58 ty ron
01[12:50] {Threei} wtg
[12:50] {RonS} out fio .80 +.40
[12:51] {RonS} yw dino glad you are back
[12:58] {RonS} what the heck...xlf, bkx green
01[13:10] {Threei} (UK) Financial regulator FSA is said to have asked UK banks to submit plans in regards to their preparation for a potential breakup of the euro zone - financial press- FSA is said to be planning to meet with banks to discuss their contingency plans for any potential euro zone breakup.
[13:21] {dino} out gpor .60, +.75
[13:23] {RonS} gj
[13:23] {dino} ty
[13:27] {RonS} mc time on a lot of dailies
[13:28] {RonS} hammer time
[13:34] {RonS} wow...lol... http://tinyurl.com/cq7fc9v
[13:37] {patience} good morning :)
01[13:38] {Threei} morning patience
[13:39] {RonS} dino, could gmcr go for a gap fill this pm?
[13:41] {dino} be a heck of a move
01[13:49] {Threei} EUR/USD PIMCO Global portfolio management Chief Mather: EUR/USD parity is not out of the question; US dollar is best trade for the next 3 to 6 months
01[13:49] {Threei} so dino... you remarked earlier on how much FSLR is donw, remember?
01[13:50] {Threei} now, have a look at this:
01[13:50] {Threei} First Solar Inc. Hearing Stifel downgrades to Hold from buy
01[13:50] {Threei} can you say value added?
[13:51] {dino} lol
[13:55] {RonS} $CVX Spiking Lower; Brazil Prosecutors Seek 20B Reais from Chevron in Damages; Asked to Suspend All Activity in Brazil by Prosecutors
[14:12] {RonS} rig hit on this too
[14:24] {dino} hitk sm l .23 ave
01[14:27] {Threei} Short Setup: UIS .45 break
01[14:27] {Threei} if stays under .55
[14:29] {dino} gmcr came back 2
[14:44] {JK13} .
01[14:44] {Threei} good point
[14:45] {JK13} ;)
01[14:46] {Threei} (US) Senator Demint (R-SC): Believes the Fed will not provide funding to the IMF
01[14:46] {Threei} Fed: wanna bet?
01[14:47] {Threei} UIS touched 1 cent from 1;1
01[14:47] {Threei} let's trail stop to .51 if still in
01[14:53] {Threei} 1:1 baby
01[14:53] {Threei} patient ones, start covering
01[14:53] {Threei} scalpers get out
01[15:13] {Threei} no news for this market spike
01[15:18] {Threei} 1:2 UIS
01[15:18] {Threei} my a$$ is out
[15:21] {patience} china said today it guarantees growth amid global slowdown....news story being picked up, no idea if it is a legitimate story
01[15:22] {Threei} guarantees, eh
01[15:22] {Threei} "those are our numbers, we can make them whatever we want"
[15:26] {dino} they were saying yesterday 8% growth for at least 10 years
01[15:27] {Threei} BS
01[15:28] {Threei} as far as I am concerned
01[15:38] {Threei} lol
01[15:38] {Threei} Dear God,
01[15:38] {Threei} My prayer for 2012 is for
01[15:38] {Threei} A fat bank account & a thin body.
01[15:38] {Threei} Please don't mix these up like you did last year.
01[15:38] {Threei} AMEN!
[15:41] {swill} amen
[15:42] {patience} this must be a guy's prayer
01[15:46] {Threei} what do you know
01[15:46] {Threei} UIS made it to 1:3
01[15:46] {Threei} without me, but still
[15:47] {dino} out hitk ave .57, +.34
01[15:47] {Threei} nice finish
[15:47] {dino} ty took about an hour
[15:53] {dino} wab spiuke
[15:53] {dino} spike too
[15:53] {dino} wtf 69s now 64
01[15:54] {Threei} no news yet
01[16:00] {Threei} OK guys, thank you all
01[16:00] {Threei} have a good evenbing
01[16:00] {Threei} see you tomorrow
[16:01] {dino} gn
Tuesday, December 13, 2011
Dec 13 2011
(Participation in the room in real time requires membership. Free trial is available)
Perfect day, with one scratch and a lot of nice winning trades. One of those days when investors think "why am I not a day trader" and day traders think "thank god I am not an investor."
Session Time: Tue Dec 13 00:00:00 2011
[09:04] {Threei} good morning
[09:04] {Threei} my ISP is doing something in our area today
[09:04] {Threei} connection goes on and off
[09:04] {Threei} if I disappear in cyberspace, know that I will be back
[09:04] {Threei} (in my best Arnold voice)
[09:09] {swill} I will be away a little today as well. Driving miss daisy
[09:12] {Threei} OK... but not whole day?
[09:13] {swill} no. I'm good till eight, then away
[09:14] {Threei} oh that's OK, the way it goes lately after 8 we are likely to be in deep coma
[09:14] {swill} then you can go home and not be bored
[09:15] {pragmatic} stop sending him home :)
[09:15] {swill} lol
[09:15] {pragmatic} gm
[09:15] {Threei} great... just as I found one single person willing to give me a break, party pooper comes allong {G}
[09:19] {jakob} good morning
[09:20] {Threei} jakob :)
[09:20] {Threei} an update... the course is online, testing access and licking out glitches
[09:21] {swill} this is my christmas gift to myself
[09:21] {Threei} I am flattered
[09:23] {swill} well you've work hard on it
[09:23] {Threei} nah, I just hit jeys randomly... sometimes it makes sense
[09:23] {Threei} keys
[09:24] {swill} lol
[09:24] {Threei} you know... 10000 monkeys and War and Peace theory
[09:24] {swill} no
[09:25] {Threei} if you put them in the room, give them typewriters and leave them alone for a few million years, sooner or later they will produce War and Peace
[09:25] {Threei} OK... speaking of market,
[09:26] {ese} morning
[09:26] {Threei} ese :)
[09:26] {Threei} there is nothing positive coming out of Europe, yet we are in positive territory
[09:26] {Threei} sounds like time for some bounce,
[09:26] {Threei} hard to tell whether it will be slammed right away, or stay for a while
[09:27] {ese} another show done last night......10 down in 2 weeks .....2 to go this week and i'm home free........drinking time
[09:27] {Threei} :)
[09:27] {Threei} SLW is negative, watching ot as short candidate
[09:30] {Threei} Short Setup: SLW 32 break half lot
[09:31] {Threei} if stays under .10
[09:32] {Threei} invalidated
[09:32] {Threei} Short Setup: FCX .90 break
[09:32] {Threei} half lot
[09:32] {Threei} if stays under 39
[09:33] {Threei} invalidated
[09:33] {Threei} but remains on radar
[09:33] {Threei} very weak move comparing with SPY
[09:33] {Threei} Short Setup: FCX 39 break
[09:33] {Threei} if stays under .10
[09:34] {Threei} .10 break now
[09:34] {Threei} if stays under .20
[09:35] {Threei} target 1:3
[09:35] {Threei} 1:1, first partial and trail stop to .15
[09:36] {Threei} 1:2
[09:36] {Threei} stop to .05 for the last piece
[09:38] {Threei} Short Setup: BBY .15 break
[09:38] {Threei} stop above .25
[09:38] {Threei} too fast?
[09:39] {Threei} 1:1..
[09:40] {Threei} out last FCX
[09:40] {Threei} BBY 1:2, out
[09:41] {Threei} am I here?
[09:42] {cipher} didn't catch bby
[09:42] {Threei} yeah, was a couple seconds late on alert
[09:43] {Threei} Long Setup: LVS .40 break half lot
[09:43] {Threei} stop under .30
[09:44] {Threei} target 1:2
[09:44] {Threei} Long Setup: FCX .20 break
[09:44] {Threei} stop under .10
[09:45] {Threei} LVS 1:1
[09:45] {Threei} FCX 1:1
[09:47] {Threei} FCX 1:2, out
[09:49] {Threei} LVS 1:2 target hit
[09:49] {Threei} out
[09:51] {Threei} Short Setup: GLD 163 break half lot
[09:51] {Threei} ugh... late again
[09:51] {Threei} crap, 1:1
[09:52] {Threei} I mean 1:2
[09:55] {Threei} Long Setup: FCX .40 break
[09:56] {nemo} oy frickin vay!
[09:56] {Threei} stop under .30
[09:56] {Threei} what?
[09:56] {Threei} a few numbers in 4 min...
[09:56] {nemo} visiting with alex until 2:30 or so...ouch
[09:57] {nemo} I just rolled out of....
[09:57] {nemo} er....got up off the floor
[09:58] {Threei} let's scratch FCX into this bounce
[09:58] {Threei} no confidence this close to numbers
[09:58] {nemo} So why the gap up...Santa Claus laying off elves so profits will be up?
[09:58] {Threei} pretty much
[09:59] {nemo} Interesting how alcohol affected conversation last night
[10:00] {Threei} (US) Dec IBD/TIPP Economic Optimism: 42.8 v 42.3e
[10:00] {nemo} after working on the "book" conversation devolves to Bulgakov and Goethe
[10:00] {nemo} well, guess that wouldn't be devolves...veers
[10:05] {nemo} mmmhhhh....iwm flat spy climing
[10:07] {RonS} tvix sm l .35
[10:10] {nemo} So, uze guyz been insulting me in my abscence?
[10:10] {Threei} totally
[10:11] {Threei} one was especially good, let me find
[10:11] {RonS} read it and weep...or rejoice...
[10:11] {RonS} :)
[10:11] {Threei} ah, here it is
[10:12] {Threei} [12:27] {Threei} you are mean
[10:12] {Threei} [12:27] {Threei} speaking of mean... where is nemo
[10:12] {Threei} [12:28] {RonS} him not being here is really mean...
[10:12] {Threei} [12:28] {Threei} very
[10:12] {Threei} [12:28] {Threei} him being here makes us all look better
[10:12] {Threei} [12:28] {RonS} lol
[10:12] {Threei} [12:29] {Threei} so by not being here he makes us look worse, thus it's mean
[10:12] {Threei} [12:29] {Threei} there... what a immaculate logic chain
[10:13] {nemo} wow...politics in his future
[10:18] {nemo} Wow...I guess I've taught you everything I know...time to walk off into the sun....err the bar
[10:19] {nemo} Drank the best rum I've ever had last night
[10:19] {Threei} lol
[10:20] {nemo} Don't bother asking me the name...I don't remember
[10:20] {nemo} Came in a funky shaped bottle
[10:22] {Threei} so far so good but that GLD short that got away, ugh
[10:22] {Threei} look at it
[10:23] {patience} good morning
[10:23] {patience} bought various oil plays
[10:24] {Threei} morning patience
[10:25] {Threei} (GE) Germany Chancellor Merkel said to have maintained stance against increasing the size of the ESM - financial press
[10:25] {nemo} spy at vwap
[10:25] {Threei} Hell hath no fury like a union scorned:
[10:25] {Threei} (UK) EU Ministers have warned the UK's financial sector is not shielded by PM Camerson's veto of the summit proposals, vowing to implement tough financial regulations on the UK regardless - Telegraph
[10:26] {Threei} Moral: be careful joining any union, some of them are Hotel California
[10:28] {RonS} out tvix .90 +.55...weird instrument...loose tracking of vix
[10:28] {Threei} I guess Seinfield rally ran its course... looking for bounce to short
[10:28] {Threei} lol ron
[10:29] {Threei} as if VIX irtself was not weird enough,,
[10:29] {Threei} you picked its wierder cousin
[10:31] {Threei} FCX
[10:31] {Threei} watching for possible short around .20
Session Close: Tue Dec 13 10:38:01 2011
Session Start: Tue Dec 13 10:38:01 2011
Session Ident: #discussions
02[10:38] * Disconnected
02[10:53] * Attempting to rejoin channel #discussions
03[10:53] * Rejoined channel #discussions
[10:54] {Threei} ugh... ISP really will be pain in the butt today it seems
[11:03] {Threei} Long Setup: FCX .75 break
[11:03] {Threei} if stays above .65
[11:05] {Threei} invalidated
[11:06] {ese} Patience......i was in your backyard doing a show last night. Uplands Golf club
[11:11] {nemo} spy topped out .07 below wpp
[11:11] {patience} ran around it yesterday, but still recovering from 5 hours of dancing saturday night....i am getting old....can't take 3am dancing any more
[11:11] {ese} the prints on my spyders 1min chart are very weird this morning....almost every print has a long tail on it either from above or below....very strange
[11:12] {patience} me too ese
[11:12] {ese} lol
[11:12] {ese} whats with that vad?
[11:13] {Threei} I don't have it
[11:13] {Threei} not sure what you see
[11:13] {Threei} chart looks normal here
[11:15] {ese} last 10min of spyders start between 125.20 &125.40....actual print is 124.40 to 124.60 100pts difference almost....very odd looking
[11:15] {ese} patience.....yours is the same
[11:19] {patience} those tails you see....it is why i stopped putting in hard stops months ago, they just sweep them up
[11:21] {ese} ya ....can see that........been very diciplined using mental stops myself
[11:22] {ese} just surprised at how big they are today...........am trying to figure out whether they are anticipating a huge market move one way or the other
[11:22] {patience} have alook at tza chart, 3 minute
[11:23] {patience} you'll see they are set just under 27.00
[11:23] {ese} ok
[11:23] {ese} hmmmmmmm what the hey is with that
[11:25] {ese} love that handle.........swill........it's from a character in some move or cartoon but can't figure out what it is
[11:29] {RonS} out vit .24 +.22
[11:29] {Threei} nice
[11:29] {RonS} goofy level 2 action w/ 25% float short
[11:29] {ese} well done Ron..........at least somebody is finding stuff today
[11:30] {Threei} hey... I found plenty of stuff in the morning!
[11:31] {Threei} like a blind squirrel on steroids
[11:33] {ese} rotflol
[11:34] {ese} not I...got ready to pull the trigger a couple of times but no go
[11:36] {ese} for instance URBN....was looking for the bounce.....it never came...constant slow excrutiating drift down..........drove me nuts
[11:36] {ese} althought now is not looking to bad.......but i have to leave soon
[11:38] {Threei} Short Setup: FCX .80 break
[11:38] {Threei} invalidated
[11:39] {Threei} (EU) S&P: Downgrade risk is increasing as European sovereigns are put on Watch Negative- Sovereigns and banks continue to show the greatest downgrade risk. The entities in these two sectors are concentrated in Europe, with 25 European sovereigns and 42 European banks on our potential bond downgrades list.
[11:48] {Threei} Short Setup: FCX .85 break
[11:48] {Threei} if stays under .95
[12:14] {Threei} Corzine on TV
[12:14] {Threei} where is the money? - I don't know
[12:26] {Threei} wil we ever get out of this pattern of market losing all activity after moprning moves?
[12:26] {Threei} gets tiresome
[12:28] {RonS} dino's fault imo
[12:29] {Threei} and ese
[12:29] {Threei} with his shows, he leaves us with no volume
[12:29] {Threei} and nemo's - just because he is always at fault
[12:30] {Threei} one consolation though - we exploit mornig activity to the max, the percentage of winning trades is beyond realistic
[12:30] {Threei} guys, from what I see, there isa good chance the course will be fully online tomorrow
[12:31] {Threei} testing looks good, no glitches so far
[12:36] {Threei} take a look at this, remember I was advicating for a while for China going for a very hard landing:
[12:36] {Threei} http://globaleconomicanalysis.blogspot.com/2011/12/chinas-deserted-fake-disneyland.html
[12:37] {Threei} growth based on taking money from one pocket and putting it into another, to keep people busy and prevent social unrest... can work only for so long
[12:39] {RonS} lulu stretching lower...
[12:39] {dino} sohu sm l .47 ave
[12:40] {Threei} NTSB says it believes US should ban use of mobile phones and electronic devices in motor vehicles
[12:40] {RonS} ...in china they hang guys like this: Corzine to Congress: "The last thing we should be doing here is trying to play the blame game..."
[12:40] {dino} whats next ban drinks/food
[12:41] {Threei} I guess it's a bad wording dino
[12:41] {Threei} they must mean ban on using phones etc while handholding them
[12:41] {Threei} use bluetooth and headsets, no hand dialing
[12:41] {Threei} I am all for it
[12:42] {Threei} after couple close calls with glassy-eyed drivers chained to their ophones...
[12:43] {Threei} lol, he really said that, ron?
[12:43] {RonS} dunno...quote from josh brown...
[12:44] {Threei} RIMM new 52-week low
[12:44] {Threei} this thing goes for broke
[12:44] {RonS} heard they had a europe outtage yesterday, canada today
[12:45] {RonS} also heard rimm - blackburied
[12:45] {RonS} =
[12:45] {Threei} well, at this point nobody cares
[12:45] {Threei} tw years ago, blackberry at each hand and in every pocket
[12:45] {Threei} today, you take out blackberry, you look like you are from stone age
[12:46] {Threei} iphone and android ate its lunch, then moved onto its breakfast, dinner, supper, and are finishing its sncks
[12:46] {RonS} glad about that here...still use brick phone...
[12:47] {Threei} well, I make sure I don't take my phone out in public at all
[12:47] {Threei} not many will eve recognize it as a phone these days
[12:55] {JK13} hello everyone my first day here but I know everyone for months
[12:56] {Threei} hello JK, welcome aboard
[12:56] {dino} welcome
[12:56] {Threei} just in time for our traditional lunch time coma
[12:57] {JK13} lol
[12:57] {Threei} some argue that we never come out of it
[12:57] {RonS} welcome o' clairvoyant one...
[12:57] {Threei} but I say they are envious
[12:59] {JK13} yes ron but I am here for wisdom,:)
[12:59] {RonS} wow...lol...the guy couldn't think of a better secret life? http://tinyurl.com/bq4xb7l
[12:59] {Threei} oh wisdom? that's nemo's department
[13:00] {Threei} nemo wake up
[13:00] {JK13} rabbit wisdom?
06[13:00] * Threei slaps nemo around a bit with a request for 2 pounds of wisdom
[13:01] {RonS} rotflol...rabbit wisdom
[13:01] {Threei} see ron? JK wasn't kidding about knowing us
[13:04] {Threei} discretionary trade:
[13:04] {Threei} Long Setup: RIMM .60 break
[13:04] {Threei} stop under .50
[13:04] {Threei} discretionary because on one hand chart is right.. on another, RIMM is so damaged goods, I just don't feel easy about any long plays on it
[13:09] {dino} sprd sm l .oo
[13:29] {Threei} (US) White House Spokesman: President Obama reiterates would veto the House GOP version of the payroll tax cut extension, due to Keystone Pipeline provisions
[13:29] {Threei} (EU) ECB's Costa: Europe has no lender of last resort given its original construction
[13:30] {Threei} btw, today is FOMC day
[13:30] {Threei} pretty much nion-event these days
[13:31] {Threei} what do you know, RIMM is up whole 6 cents
[13:32] {RonS} unreal supply overhead eh?
[13:32] {Threei} oh yes
[13:32] {Threei} yet chewing through it
[13:32] {Threei} but considering how badly wounded it is, feel free to take scalp as you see fit
[13:33] {Threei} discretionary is discretionary... I won't hold a grudge against anyone who jumps out before 1;1
[13:33] {Threei} well, beyond the usual grudge I mean...
[13:34] {Threei} dino, look dcc when you have a chance
[13:41] {Threei} The deal signed last Friday is the beginning of the end of Europe as we know it. The shift is on from a family of nations, with checks and balances, to a German Europe where diktat triumphs over dialogue, and the interest of the strongest wipes the floor with the concerns of the weakest.
[13:41] {Threei} amazing
[13:41] {Threei} this is total taoist delight:
[13:41] {Threei} union the underlying idea of which was to make sure Germany never dominates the Europe again, led to exactly this
[13:42] {nemo} Sieg Heil
[13:42] {Threei} oh hi
[13:42] {Threei} carrier of bunny wisdom woke up
[13:42] {Threei} but yeah
[13:42] {nemo} no, the sound of the keys clicking doesn't hurt anymore
[13:42] {Threei} lol
[13:43] {nemo} I thought about going out hunting this afternoon, but the thought of taking a shot with the loud noise and the recoil...nahhhhhh
[13:43] {nemo} nevermind I'd have to gut it and drag it god knows how far...
[13:45] {Threei} and just think what could happen if it's armed as well
[13:45] {nemo} Actually, that would be easier...I'd just leave THAT carcass in the woods
[13:50] {Threei} whatever you decided on taking profit, don't leave RIMM stop in original place, trail it to .55
[13:50] {Threei} it's just not worth the full 10 cents risk
[14:02] {RonS} unleash that baby!!!
[14:02] {RonS} where is jr?
[14:03] {Threei} what baby?
[14:03] {Threei} what jr?
[14:03] {RonS} rimm
[14:03] {RonS} j? what was the cheerleaders handle?
[14:04] {Threei} oh, jf
[14:04] {RonS} ah
[14:07] {JK13} out of Rimm @ .70 thx
[14:08] {Threei} wtg
[14:08] {Threei} 1:1
[14:08] {Threei} well.. 1st trade with us, winning one
[14:08] {Threei} good start
[14:09] {JK13} very important to start with the right foot
[14:12] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); Household spending continue to advance; leades Discount Rate Unchanged- Vote:9-1 (Fed's Evans dissents, supported additional accomodation)
[14:13] {Threei} any dove would look like 3 hawks next to Evans
[14:23] {Threei} Euro vs US Dollar Extending decline to session lows below $1.3050 following FOMC rate decision; Fresh 11-month lows
[14:23] {Threei} told you... it was a Sienfield rally
[14:24] {Threei} isn't it amazign how r/r ratio works?
[14:24] {Threei} look where RIMM reversed?
[14:30] {RonS} wow...Belgian media: Number of people injured in Liege attack now stands at 123 - AP
[14:31] {Threei} from one grenade??
[14:31] {patience} original count was 4
[14:35] {Threei} Spot Gold Spot gold extending decline below $1,648/oz; Lowest level since late Oct
[14:36] {Threei} as expected as the drop overall was, I see no indication on the chart that would help us with entry
[14:36] {Threei} looking for one now though, to try and get in on panic action
[14:39] {dino} well the classic 100 pt drop in minutes
[14:40] {Threei} world starts admitting slowly that nothing got resolved on Friday
[14:40] {Threei} and EU is marching toward the cliff
[14:41] {RonS} gold off $24 from high today
[14:42] {dino} sprd gap filled wed
[14:42] {Threei} TZA... dive to .40 - .50 and I', interested
[14:45] {nemo} careful, my charts, interesting place for TNA long
[14:46] {nemo} spy at MPP and IWM at daily, fib, and weekly confluence
[14:51] {dino} hitk sm l .93
[14:51] {Threei} ok, waucthig intensely now
[14:53] {nemo} am I good or what....
[14:53] {Threei} ok
[14:53] {Threei} in
[14:53] {Threei} .51
[14:53] {Threei} half lot
[14:53] {Threei} stop under .40
[14:53] {Threei} may take a few tries, so keep it small, no more than half lot
[14:54] {Threei} target .80
[14:54] {nemo} 124.10 is spy pivot 73.15 IWM pivot
[14:54] {Threei} let's see if I am half as good as nemo
[14:55] {nemo} VWAP spy is about 124.70 and for IWM about 73.70
[14:55] {Threei} 1:1
[14:55] {Threei} stop to .45
[14:57] {nemo} Inside day so far...they only happen 10% of the time
[14:57] {Threei} half out .64
[15:02] {Threei} stop to .49
[15:04] {Threei} scalpers win
[15:04] {Threei} what do you know, I AM half as good as nemo
[15:05] {nemo} hehehehehehehe...Multi Time Frame Pivot/Retracement Analysis Strikes Back!!!
[15:05] {nemo} Just call me Darth Nemo
[15:06] {Threei} you gun-toting bunny-friending pivot pointer
[15:06] {nemo} My psychiatrist just called....
[15:06] {nemo} Says he gave me the wrong meds
[15:06] {Threei} I was wondering if he gave you any
[15:07] {nemo} Yeah....gave me these things that looked (and tasted) like Peyote buttons
[15:07] {Threei} although meds tend to influence people rather unpredictably when washed down with vodka
[15:07] {Threei} JK... I have to make a correction to my earlier "welcome aboard"... right version: welcome to asylum
[15:08] {dino} i prefer, "welcome to the jungle"
[15:08] {nemo} well, I refrained on commenting regarding the nick "_beaujo"
[15:08] {Threei} well, jungle where nemo is roaming is asylum
[15:09] {nemo} Bunny might become Hasenpfeffer soon
[15:09] {Threei} rofl
[15:09] {JK13} I like jungle no need for doctors
[15:09] {nemo} She's getting into the routine of climbing up into the boxspring at 3-4 in the morning and teething on the springs
[15:10] {Threei} I knew a kitten back in russia, named Bonifaci Mao Dze Dunovich
[15:10] {nemo} sheesh
[15:11] {Threei} TZA hit my target
[15:11] {Threei} after rinsing second half
[15:11] {RonS} no idea what this means...In the spirit of Canada...$RIMM is uglier than Geddy Lee
[15:11] {Threei} thought of double bottom but it looked so questionable at the moment
[15:11] {nemo} wow, nice analogy
[15:16] {nemo} spy DT'd at the Pivot
[15:16] {Threei} hmm
[15:16] {Threei} looks like breakdown to me
[15:17] {Threei} don't feel double-bottomish at all
[15:17] {nemo} could be two way also, but 60/40 in your favor
[15:17] {Threei} Long Setup: TZA .90 break
[15:17] {Threei} half lot of course
[15:18] {Threei} stop under .80
[15:18] {Threei} target - full blown panic
[15:18] {Threei} 1:1
[15:18] {nemo} 123.23 support on spy 72.38 on IWM
[15:18] {Threei} half out .05
[15:18] {nemo} lotta buying on the bid coming in on IWM here
[15:19] {Threei} not going to hold, IMO
[15:19] {nemo} same with SPY
[15:19] {nemo} just reporting
[15:19] {Threei} momentum looks serious
[15:19] {Threei} stop to .87
[15:19] {nemo} Got a tiny set of antlers...
[15:19] {nemo} If I can catch bunny gonna glue them on
[15:20] {Threei} 1:2
[15:20] {Threei} I personally am not selling
[15:20] {Threei} want to try for a good move
[15:20] {nemo} SPY low yesterday was 38.2% retracement of July'10 bottom with S1 at 123.23
[15:20] {Threei} nice day, enough cushion... can risk some of additional profits
[15:20] {Threei} to try and maximize the return
[15:21] {Threei} one more leg down SPY, please
[15:21] {Threei} 1:3
[15:24] {Threei} 1:4 out
[15:24] {Threei} pure unbridled beauty
[15:24] {Threei} have you heard? greed is good
[15:26] {Threei} wow
[15:26] {Threei} what a nice panic
[15:28] {Threei} should have gone for a full dollar
[15:29] {Threei} bottom fisher nightmare kind of move
[15:31] {Threei} one of those days when investors thing "why am I not a day trader: and day traders think "thank god I am not an investor"
[15:31] {nemo} no
[15:31] {nemo} a swing trader wondering why he's not a day trader
[15:32] {Threei} yeah, the speed of chasnges rthese days is too much even for swing tading
[15:33] {Threei} here is full dollar since entry
[15:35] {Threei} US Dollar vs Canadian Dollar Rises above C$1.0320 - 2-week high
[15:35] {Threei} thank you lord
[15:35] {Threei} please continue this trend
[15:36] {Threei} you think we knew all abut EU troubles? well, when it rains it pours:
[15:37] {Threei} (EU) EU bankers increasingly concerned over how �250B in corporate debt to mature in the next couple years will be refinanced - FT
[15:37] {Threei} - Report notes the bulk of CLOs (collateralized loan obligations) is going into "run-down mode".
[15:37] {Threei} - CLOs said to have a finite span after which they cannot be refinanced. By the end of 2012, majority of CLOs will be "static."
[15:37] {Threei} - According to S&P, by 2014 more than 98% of CLOs will reach that same point.
[15:37] {Threei} - Report citing one banker stating: "The CLO problem is going to become acute in the next 12-18 months... There are billions of euros worth of leveraged loans coming due, and the crunch will be particularly acute for the smaller companies."
[15:37] {Threei} OK
[15:37] {Threei} bounce time
[15:37] {Threei} want to try?
[15:37] {nemo} what is a CLO?
[15:37] {Threei} FCX
[15:37] {Threei} .60 break
[15:37] {Threei} half lot
[15:37] {Threei} collateralized loan obligations
[15:37] {nemo} oh, cdo
[15:42] {Threei} out
[15:42] {Threei} not exactly 1:1 yet
[15:42] {Threei} but a bit too uncertain
[15:43] {Threei} we had one scratch, the rest were wins
[15:43] {Threei} don't want to spoil great day
[15:43] {Threei} ahh, here comes 1:1
[15:44] {Threei} welome to capitalism:
[15:44] {Threei} China Vanke Co Ltd Recent home buyers have been protesting outside various offices because the company cut new home prices drastically to attract new buyers and recent buyers are angry that they have lost so much value overnight - Chinese press
[15:44] {Threei} Election 2012: Generic Republican 47%, Obama 42%
[15:45] {Threei} timed reversal well, didn't we
[15:46] {JK13} .10 for fcx, thx vad
[15:46] {Threei} doing well on your first day JK
[15:48] {nemo} don't think he likes your sense of humor
[15:49] {Threei} no one does
[15:49] {Threei} so what
[15:50] {Threei} I just tell myself I have none, so if someone doesn;t like what I don;t even have... shrug
[15:51] {Threei} see? not funny
[15:56] {JK13} Vad do you use laser 6
[15:56] {Threei} I am still on 5, lol
[15:57] {Threei} luddite
[15:57] {Threei} it takes brute force to make me update things
[15:58] {JK13} I started with 6 and has some glitches
[16:01] {nemo} bye.....
[16:02] {JK13} have a nice evening
[16:02] {Threei} ty all
[16:02] {Threei} have a nice evening
[16:02] {Threei} see you tomorrow
Perfect day, with one scratch and a lot of nice winning trades. One of those days when investors think "why am I not a day trader" and day traders think "thank god I am not an investor."
Session Time: Tue Dec 13 00:00:00 2011
[09:04] {Threei} good morning
[09:04] {Threei} my ISP is doing something in our area today
[09:04] {Threei} connection goes on and off
[09:04] {Threei} if I disappear in cyberspace, know that I will be back
[09:04] {Threei} (in my best Arnold voice)
[09:09] {swill} I will be away a little today as well. Driving miss daisy
[09:12] {Threei} OK... but not whole day?
[09:13] {swill} no. I'm good till eight, then away
[09:14] {Threei} oh that's OK, the way it goes lately after 8 we are likely to be in deep coma
[09:14] {swill} then you can go home and not be bored
[09:15] {pragmatic} stop sending him home :)
[09:15] {swill} lol
[09:15] {pragmatic} gm
[09:15] {Threei} great... just as I found one single person willing to give me a break, party pooper comes allong {G}
[09:19] {jakob} good morning
[09:20] {Threei} jakob :)
[09:20] {Threei} an update... the course is online, testing access and licking out glitches
[09:21] {swill} this is my christmas gift to myself
[09:21] {Threei} I am flattered
[09:23] {swill} well you've work hard on it
[09:23] {Threei} nah, I just hit jeys randomly... sometimes it makes sense
[09:23] {Threei} keys
[09:24] {swill} lol
[09:24] {Threei} you know... 10000 monkeys and War and Peace theory
[09:24] {swill} no
[09:25] {Threei} if you put them in the room, give them typewriters and leave them alone for a few million years, sooner or later they will produce War and Peace
[09:25] {Threei} OK... speaking of market,
[09:26] {ese} morning
[09:26] {Threei} ese :)
[09:26] {Threei} there is nothing positive coming out of Europe, yet we are in positive territory
[09:26] {Threei} sounds like time for some bounce,
[09:26] {Threei} hard to tell whether it will be slammed right away, or stay for a while
[09:27] {ese} another show done last night......10 down in 2 weeks .....2 to go this week and i'm home free........drinking time
[09:27] {Threei} :)
[09:27] {Threei} SLW is negative, watching ot as short candidate
[09:30] {Threei} Short Setup: SLW 32 break half lot
[09:31] {Threei} if stays under .10
[09:32] {Threei} invalidated
[09:32] {Threei} Short Setup: FCX .90 break
[09:32] {Threei} half lot
[09:32] {Threei} if stays under 39
[09:33] {Threei} invalidated
[09:33] {Threei} but remains on radar
[09:33] {Threei} very weak move comparing with SPY
[09:33] {Threei} Short Setup: FCX 39 break
[09:33] {Threei} if stays under .10
[09:34] {Threei} .10 break now
[09:34] {Threei} if stays under .20
[09:35] {Threei} target 1:3
[09:35] {Threei} 1:1, first partial and trail stop to .15
[09:36] {Threei} 1:2
[09:36] {Threei} stop to .05 for the last piece
[09:38] {Threei} Short Setup: BBY .15 break
[09:38] {Threei} stop above .25
[09:38] {Threei} too fast?
[09:39] {Threei} 1:1..
[09:40] {Threei} out last FCX
[09:40] {Threei} BBY 1:2, out
[09:41] {Threei} am I here?
[09:42] {cipher} didn't catch bby
[09:42] {Threei} yeah, was a couple seconds late on alert
[09:43] {Threei} Long Setup: LVS .40 break half lot
[09:43] {Threei} stop under .30
[09:44] {Threei} target 1:2
[09:44] {Threei} Long Setup: FCX .20 break
[09:44] {Threei} stop under .10
[09:45] {Threei} LVS 1:1
[09:45] {Threei} FCX 1:1
[09:47] {Threei} FCX 1:2, out
[09:49] {Threei} LVS 1:2 target hit
[09:49] {Threei} out
[09:51] {Threei} Short Setup: GLD 163 break half lot
[09:51] {Threei} ugh... late again
[09:51] {Threei} crap, 1:1
[09:52] {Threei} I mean 1:2
[09:55] {Threei} Long Setup: FCX .40 break
[09:56] {nemo} oy frickin vay!
[09:56] {Threei} stop under .30
[09:56] {Threei} what?
[09:56] {Threei} a few numbers in 4 min...
[09:56] {nemo} visiting with alex until 2:30 or so...ouch
[09:57] {nemo} I just rolled out of....
[09:57] {nemo} er....got up off the floor
[09:58] {Threei} let's scratch FCX into this bounce
[09:58] {Threei} no confidence this close to numbers
[09:58] {nemo} So why the gap up...Santa Claus laying off elves so profits will be up?
[09:58] {Threei} pretty much
[09:59] {nemo} Interesting how alcohol affected conversation last night
[10:00] {Threei} (US) Dec IBD/TIPP Economic Optimism: 42.8 v 42.3e
[10:00] {nemo} after working on the "book" conversation devolves to Bulgakov and Goethe
[10:00] {nemo} well, guess that wouldn't be devolves...veers
[10:05] {nemo} mmmhhhh....iwm flat spy climing
[10:07] {RonS} tvix sm l .35
[10:10] {nemo} So, uze guyz been insulting me in my abscence?
[10:10] {Threei} totally
[10:11] {Threei} one was especially good, let me find
[10:11] {RonS} read it and weep...or rejoice...
[10:11] {RonS} :)
[10:11] {Threei} ah, here it is
[10:12] {Threei} [12:27] {Threei} you are mean
[10:12] {Threei} [12:27] {Threei} speaking of mean... where is nemo
[10:12] {Threei} [12:28] {RonS} him not being here is really mean...
[10:12] {Threei} [12:28] {Threei} very
[10:12] {Threei} [12:28] {Threei} him being here makes us all look better
[10:12] {Threei} [12:28] {RonS} lol
[10:12] {Threei} [12:29] {Threei} so by not being here he makes us look worse, thus it's mean
[10:12] {Threei} [12:29] {Threei} there... what a immaculate logic chain
[10:13] {nemo} wow...politics in his future
[10:18] {nemo} Wow...I guess I've taught you everything I know...time to walk off into the sun....err the bar
[10:19] {nemo} Drank the best rum I've ever had last night
[10:19] {Threei} lol
[10:20] {nemo} Don't bother asking me the name...I don't remember
[10:20] {nemo} Came in a funky shaped bottle
[10:22] {Threei} so far so good but that GLD short that got away, ugh
[10:22] {Threei} look at it
[10:23] {patience} good morning
[10:23] {patience} bought various oil plays
[10:24] {Threei} morning patience
[10:25] {Threei} (GE) Germany Chancellor Merkel said to have maintained stance against increasing the size of the ESM - financial press
[10:25] {nemo} spy at vwap
[10:25] {Threei} Hell hath no fury like a union scorned:
[10:25] {Threei} (UK) EU Ministers have warned the UK's financial sector is not shielded by PM Camerson's veto of the summit proposals, vowing to implement tough financial regulations on the UK regardless - Telegraph
[10:26] {Threei} Moral: be careful joining any union, some of them are Hotel California
[10:28] {RonS} out tvix .90 +.55...weird instrument...loose tracking of vix
[10:28] {Threei} I guess Seinfield rally ran its course... looking for bounce to short
[10:28] {Threei} lol ron
[10:29] {Threei} as if VIX irtself was not weird enough,,
[10:29] {Threei} you picked its wierder cousin
[10:31] {Threei} FCX
[10:31] {Threei} watching for possible short around .20
Session Close: Tue Dec 13 10:38:01 2011
Session Start: Tue Dec 13 10:38:01 2011
Session Ident: #discussions
02[10:38] * Disconnected
02[10:53] * Attempting to rejoin channel #discussions
03[10:53] * Rejoined channel #discussions
[10:54] {Threei} ugh... ISP really will be pain in the butt today it seems
[11:03] {Threei} Long Setup: FCX .75 break
[11:03] {Threei} if stays above .65
[11:05] {Threei} invalidated
[11:06] {ese} Patience......i was in your backyard doing a show last night. Uplands Golf club
[11:11] {nemo} spy topped out .07 below wpp
[11:11] {patience} ran around it yesterday, but still recovering from 5 hours of dancing saturday night....i am getting old....can't take 3am dancing any more
[11:11] {ese} the prints on my spyders 1min chart are very weird this morning....almost every print has a long tail on it either from above or below....very strange
[11:12] {patience} me too ese
[11:12] {ese} lol
[11:12] {ese} whats with that vad?
[11:13] {Threei} I don't have it
[11:13] {Threei} not sure what you see
[11:13] {Threei} chart looks normal here
[11:15] {ese} last 10min of spyders start between 125.20 &125.40....actual print is 124.40 to 124.60 100pts difference almost....very odd looking
[11:15] {ese} patience.....yours is the same
[11:19] {patience} those tails you see....it is why i stopped putting in hard stops months ago, they just sweep them up
[11:21] {ese} ya ....can see that........been very diciplined using mental stops myself
[11:22] {ese} just surprised at how big they are today...........am trying to figure out whether they are anticipating a huge market move one way or the other
[11:22] {patience} have alook at tza chart, 3 minute
[11:23] {patience} you'll see they are set just under 27.00
[11:23] {ese} ok
[11:23] {ese} hmmmmmmm what the hey is with that
[11:25] {ese} love that handle.........swill........it's from a character in some move or cartoon but can't figure out what it is
[11:29] {RonS} out vit .24 +.22
[11:29] {Threei} nice
[11:29] {RonS} goofy level 2 action w/ 25% float short
[11:29] {ese} well done Ron..........at least somebody is finding stuff today
[11:30] {Threei} hey... I found plenty of stuff in the morning!
[11:31] {Threei} like a blind squirrel on steroids
[11:33] {ese} rotflol
[11:34] {ese} not I...got ready to pull the trigger a couple of times but no go
[11:36] {ese} for instance URBN....was looking for the bounce.....it never came...constant slow excrutiating drift down..........drove me nuts
[11:36] {ese} althought now is not looking to bad.......but i have to leave soon
[11:38] {Threei} Short Setup: FCX .80 break
[11:38] {Threei} invalidated
[11:39] {Threei} (EU) S&P: Downgrade risk is increasing as European sovereigns are put on Watch Negative- Sovereigns and banks continue to show the greatest downgrade risk. The entities in these two sectors are concentrated in Europe, with 25 European sovereigns and 42 European banks on our potential bond downgrades list.
[11:48] {Threei} Short Setup: FCX .85 break
[11:48] {Threei} if stays under .95
[12:14] {Threei} Corzine on TV
[12:14] {Threei} where is the money? - I don't know
[12:26] {Threei} wil we ever get out of this pattern of market losing all activity after moprning moves?
[12:26] {Threei} gets tiresome
[12:28] {RonS} dino's fault imo
[12:29] {Threei} and ese
[12:29] {Threei} with his shows, he leaves us with no volume
[12:29] {Threei} and nemo's - just because he is always at fault
[12:30] {Threei} one consolation though - we exploit mornig activity to the max, the percentage of winning trades is beyond realistic
[12:30] {Threei} guys, from what I see, there isa good chance the course will be fully online tomorrow
[12:31] {Threei} testing looks good, no glitches so far
[12:36] {Threei} take a look at this, remember I was advicating for a while for China going for a very hard landing:
[12:36] {Threei} http://globaleconomicanalysis.blogspot.com/2011/12/chinas-deserted-fake-disneyland.html
[12:37] {Threei} growth based on taking money from one pocket and putting it into another, to keep people busy and prevent social unrest... can work only for so long
[12:39] {RonS} lulu stretching lower...
[12:39] {dino} sohu sm l .47 ave
[12:40] {Threei} NTSB says it believes US should ban use of mobile phones and electronic devices in motor vehicles
[12:40] {RonS} ...in china they hang guys like this: Corzine to Congress: "The last thing we should be doing here is trying to play the blame game..."
[12:40] {dino} whats next ban drinks/food
[12:41] {Threei} I guess it's a bad wording dino
[12:41] {Threei} they must mean ban on using phones etc while handholding them
[12:41] {Threei} use bluetooth and headsets, no hand dialing
[12:41] {Threei} I am all for it
[12:42] {Threei} after couple close calls with glassy-eyed drivers chained to their ophones...
[12:43] {Threei} lol, he really said that, ron?
[12:43] {RonS} dunno...quote from josh brown...
[12:44] {Threei} RIMM new 52-week low
[12:44] {Threei} this thing goes for broke
[12:44] {RonS} heard they had a europe outtage yesterday, canada today
[12:45] {RonS} also heard rimm - blackburied
[12:45] {RonS} =
[12:45] {Threei} well, at this point nobody cares
[12:45] {Threei} tw years ago, blackberry at each hand and in every pocket
[12:45] {Threei} today, you take out blackberry, you look like you are from stone age
[12:46] {Threei} iphone and android ate its lunch, then moved onto its breakfast, dinner, supper, and are finishing its sncks
[12:46] {RonS} glad about that here...still use brick phone...
[12:47] {Threei} well, I make sure I don't take my phone out in public at all
[12:47] {Threei} not many will eve recognize it as a phone these days
[12:55] {JK13} hello everyone my first day here but I know everyone for months
[12:56] {Threei} hello JK, welcome aboard
[12:56] {dino} welcome
[12:56] {Threei} just in time for our traditional lunch time coma
[12:57] {JK13} lol
[12:57] {Threei} some argue that we never come out of it
[12:57] {RonS} welcome o' clairvoyant one...
[12:57] {Threei} but I say they are envious
[12:59] {JK13} yes ron but I am here for wisdom,:)
[12:59] {RonS} wow...lol...the guy couldn't think of a better secret life? http://tinyurl.com/bq4xb7l
[12:59] {Threei} oh wisdom? that's nemo's department
[13:00] {Threei} nemo wake up
[13:00] {JK13} rabbit wisdom?
06[13:00] * Threei slaps nemo around a bit with a request for 2 pounds of wisdom
[13:01] {RonS} rotflol...rabbit wisdom
[13:01] {Threei} see ron? JK wasn't kidding about knowing us
[13:04] {Threei} discretionary trade:
[13:04] {Threei} Long Setup: RIMM .60 break
[13:04] {Threei} stop under .50
[13:04] {Threei} discretionary because on one hand chart is right.. on another, RIMM is so damaged goods, I just don't feel easy about any long plays on it
[13:09] {dino} sprd sm l .oo
[13:29] {Threei} (US) White House Spokesman: President Obama reiterates would veto the House GOP version of the payroll tax cut extension, due to Keystone Pipeline provisions
[13:29] {Threei} (EU) ECB's Costa: Europe has no lender of last resort given its original construction
[13:30] {Threei} btw, today is FOMC day
[13:30] {Threei} pretty much nion-event these days
[13:31] {Threei} what do you know, RIMM is up whole 6 cents
[13:32] {RonS} unreal supply overhead eh?
[13:32] {Threei} oh yes
[13:32] {Threei} yet chewing through it
[13:32] {Threei} but considering how badly wounded it is, feel free to take scalp as you see fit
[13:33] {Threei} discretionary is discretionary... I won't hold a grudge against anyone who jumps out before 1;1
[13:33] {Threei} well, beyond the usual grudge I mean...
[13:34] {Threei} dino, look dcc when you have a chance
[13:41] {Threei} The deal signed last Friday is the beginning of the end of Europe as we know it. The shift is on from a family of nations, with checks and balances, to a German Europe where diktat triumphs over dialogue, and the interest of the strongest wipes the floor with the concerns of the weakest.
[13:41] {Threei} amazing
[13:41] {Threei} this is total taoist delight:
[13:41] {Threei} union the underlying idea of which was to make sure Germany never dominates the Europe again, led to exactly this
[13:42] {nemo} Sieg Heil
[13:42] {Threei} oh hi
[13:42] {Threei} carrier of bunny wisdom woke up
[13:42] {Threei} but yeah
[13:42] {nemo} no, the sound of the keys clicking doesn't hurt anymore
[13:42] {Threei} lol
[13:43] {nemo} I thought about going out hunting this afternoon, but the thought of taking a shot with the loud noise and the recoil...nahhhhhh
[13:43] {nemo} nevermind I'd have to gut it and drag it god knows how far...
[13:45] {Threei} and just think what could happen if it's armed as well
[13:45] {nemo} Actually, that would be easier...I'd just leave THAT carcass in the woods
[13:50] {Threei} whatever you decided on taking profit, don't leave RIMM stop in original place, trail it to .55
[13:50] {Threei} it's just not worth the full 10 cents risk
[14:02] {RonS} unleash that baby!!!
[14:02] {RonS} where is jr?
[14:03] {Threei} what baby?
[14:03] {Threei} what jr?
[14:03] {RonS} rimm
[14:03] {RonS} j? what was the cheerleaders handle?
[14:04] {Threei} oh, jf
[14:04] {RonS} ah
[14:07] {JK13} out of Rimm @ .70 thx
[14:08] {Threei} wtg
[14:08] {Threei} 1:1
[14:08] {Threei} well.. 1st trade with us, winning one
[14:08] {Threei} good start
[14:09] {JK13} very important to start with the right foot
[14:12] {Threei} *FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED); Household spending continue to advance; leades Discount Rate Unchanged- Vote:9-1 (Fed's Evans dissents, supported additional accomodation)
[14:13] {Threei} any dove would look like 3 hawks next to Evans
[14:23] {Threei} Euro vs US Dollar Extending decline to session lows below $1.3050 following FOMC rate decision; Fresh 11-month lows
[14:23] {Threei} told you... it was a Sienfield rally
[14:24] {Threei} isn't it amazign how r/r ratio works?
[14:24] {Threei} look where RIMM reversed?
[14:30] {RonS} wow...Belgian media: Number of people injured in Liege attack now stands at 123 - AP
[14:31] {Threei} from one grenade??
[14:31] {patience} original count was 4
[14:35] {Threei} Spot Gold Spot gold extending decline below $1,648/oz; Lowest level since late Oct
[14:36] {Threei} as expected as the drop overall was, I see no indication on the chart that would help us with entry
[14:36] {Threei} looking for one now though, to try and get in on panic action
[14:39] {dino} well the classic 100 pt drop in minutes
[14:40] {Threei} world starts admitting slowly that nothing got resolved on Friday
[14:40] {Threei} and EU is marching toward the cliff
[14:41] {RonS} gold off $24 from high today
[14:42] {dino} sprd gap filled wed
[14:42] {Threei} TZA... dive to .40 - .50 and I', interested
[14:45] {nemo} careful, my charts, interesting place for TNA long
[14:46] {nemo} spy at MPP and IWM at daily, fib, and weekly confluence
[14:51] {dino} hitk sm l .93
[14:51] {Threei} ok, waucthig intensely now
[14:53] {nemo} am I good or what....
[14:53] {Threei} ok
[14:53] {Threei} in
[14:53] {Threei} .51
[14:53] {Threei} half lot
[14:53] {Threei} stop under .40
[14:53] {Threei} may take a few tries, so keep it small, no more than half lot
[14:54] {Threei} target .80
[14:54] {nemo} 124.10 is spy pivot 73.15 IWM pivot
[14:54] {Threei} let's see if I am half as good as nemo
[14:55] {nemo} VWAP spy is about 124.70 and for IWM about 73.70
[14:55] {Threei} 1:1
[14:55] {Threei} stop to .45
[14:57] {nemo} Inside day so far...they only happen 10% of the time
[14:57] {Threei} half out .64
[15:02] {Threei} stop to .49
[15:04] {Threei} scalpers win
[15:04] {Threei} what do you know, I AM half as good as nemo
[15:05] {nemo} hehehehehehehe...Multi Time Frame Pivot/Retracement Analysis Strikes Back!!!
[15:05] {nemo} Just call me Darth Nemo
[15:06] {Threei} you gun-toting bunny-friending pivot pointer
[15:06] {nemo} My psychiatrist just called....
[15:06] {nemo} Says he gave me the wrong meds
[15:06] {Threei} I was wondering if he gave you any
[15:07] {nemo} Yeah....gave me these things that looked (and tasted) like Peyote buttons
[15:07] {Threei} although meds tend to influence people rather unpredictably when washed down with vodka
[15:07] {Threei} JK... I have to make a correction to my earlier "welcome aboard"... right version: welcome to asylum
[15:08] {dino} i prefer, "welcome to the jungle"
[15:08] {nemo} well, I refrained on commenting regarding the nick "_beaujo"
[15:08] {Threei} well, jungle where nemo is roaming is asylum
[15:09] {nemo} Bunny might become Hasenpfeffer soon
[15:09] {Threei} rofl
[15:09] {JK13} I like jungle no need for doctors
[15:09] {nemo} She's getting into the routine of climbing up into the boxspring at 3-4 in the morning and teething on the springs
[15:10] {Threei} I knew a kitten back in russia, named Bonifaci Mao Dze Dunovich
[15:10] {nemo} sheesh
[15:11] {Threei} TZA hit my target
[15:11] {Threei} after rinsing second half
[15:11] {RonS} no idea what this means...In the spirit of Canada...$RIMM is uglier than Geddy Lee
[15:11] {Threei} thought of double bottom but it looked so questionable at the moment
[15:11] {nemo} wow, nice analogy
[15:16] {nemo} spy DT'd at the Pivot
[15:16] {Threei} hmm
[15:16] {Threei} looks like breakdown to me
[15:17] {Threei} don't feel double-bottomish at all
[15:17] {nemo} could be two way also, but 60/40 in your favor
[15:17] {Threei} Long Setup: TZA .90 break
[15:17] {Threei} half lot of course
[15:18] {Threei} stop under .80
[15:18] {Threei} target - full blown panic
[15:18] {Threei} 1:1
[15:18] {nemo} 123.23 support on spy 72.38 on IWM
[15:18] {Threei} half out .05
[15:18] {nemo} lotta buying on the bid coming in on IWM here
[15:19] {Threei} not going to hold, IMO
[15:19] {nemo} same with SPY
[15:19] {nemo} just reporting
[15:19] {Threei} momentum looks serious
[15:19] {Threei} stop to .87
[15:19] {nemo} Got a tiny set of antlers...
[15:19] {nemo} If I can catch bunny gonna glue them on
[15:20] {Threei} 1:2
[15:20] {Threei} I personally am not selling
[15:20] {Threei} want to try for a good move
[15:20] {nemo} SPY low yesterday was 38.2% retracement of July'10 bottom with S1 at 123.23
[15:20] {Threei} nice day, enough cushion... can risk some of additional profits
[15:20] {Threei} to try and maximize the return
[15:21] {Threei} one more leg down SPY, please
[15:21] {Threei} 1:3
[15:24] {Threei} 1:4 out
[15:24] {Threei} pure unbridled beauty
[15:24] {Threei} have you heard? greed is good
[15:26] {Threei} wow
[15:26] {Threei} what a nice panic
[15:28] {Threei} should have gone for a full dollar
[15:29] {Threei} bottom fisher nightmare kind of move
[15:31] {Threei} one of those days when investors thing "why am I not a day trader: and day traders think "thank god I am not an investor"
[15:31] {nemo} no
[15:31] {nemo} a swing trader wondering why he's not a day trader
[15:32] {Threei} yeah, the speed of chasnges rthese days is too much even for swing tading
[15:33] {Threei} here is full dollar since entry
[15:35] {Threei} US Dollar vs Canadian Dollar Rises above C$1.0320 - 2-week high
[15:35] {Threei} thank you lord
[15:35] {Threei} please continue this trend
[15:36] {Threei} you think we knew all abut EU troubles? well, when it rains it pours:
[15:37] {Threei} (EU) EU bankers increasingly concerned over how �250B in corporate debt to mature in the next couple years will be refinanced - FT
[15:37] {Threei} - Report notes the bulk of CLOs (collateralized loan obligations) is going into "run-down mode".
[15:37] {Threei} - CLOs said to have a finite span after which they cannot be refinanced. By the end of 2012, majority of CLOs will be "static."
[15:37] {Threei} - According to S&P, by 2014 more than 98% of CLOs will reach that same point.
[15:37] {Threei} - Report citing one banker stating: "The CLO problem is going to become acute in the next 12-18 months... There are billions of euros worth of leveraged loans coming due, and the crunch will be particularly acute for the smaller companies."
[15:37] {Threei} OK
[15:37] {Threei} bounce time
[15:37] {Threei} want to try?
[15:37] {nemo} what is a CLO?
[15:37] {Threei} FCX
[15:37] {Threei} .60 break
[15:37] {Threei} half lot
[15:37] {Threei} collateralized loan obligations
[15:37] {nemo} oh, cdo
[15:42] {Threei} out
[15:42] {Threei} not exactly 1:1 yet
[15:42] {Threei} but a bit too uncertain
[15:43] {Threei} we had one scratch, the rest were wins
[15:43] {Threei} don't want to spoil great day
[15:43] {Threei} ahh, here comes 1:1
[15:44] {Threei} welome to capitalism:
[15:44] {Threei} China Vanke Co Ltd Recent home buyers have been protesting outside various offices because the company cut new home prices drastically to attract new buyers and recent buyers are angry that they have lost so much value overnight - Chinese press
[15:44] {Threei} Election 2012: Generic Republican 47%, Obama 42%
[15:45] {Threei} timed reversal well, didn't we
[15:46] {JK13} .10 for fcx, thx vad
[15:46] {Threei} doing well on your first day JK
[15:48] {nemo} don't think he likes your sense of humor
[15:49] {Threei} no one does
[15:49] {Threei} so what
[15:50] {Threei} I just tell myself I have none, so if someone doesn;t like what I don;t even have... shrug
[15:51] {Threei} see? not funny
[15:56] {JK13} Vad do you use laser 6
[15:56] {Threei} I am still on 5, lol
[15:57] {Threei} luddite
[15:57] {Threei} it takes brute force to make me update things
[15:58] {JK13} I started with 6 and has some glitches
[16:01] {nemo} bye.....
[16:02] {JK13} have a nice evening
[16:02] {Threei} ty all
[16:02] {Threei} have a nice evening
[16:02] {Threei} see you tomorrow
Monday, December 12, 2011
Dec 12 2011
(Participation in the room in real time requires membership. Free trial is available)
6 calls, 5 wins. No complaints here. End of day little bounce doesn't change anything - I still see Friday rally as Sienflied one - rally about nothing.
Session Time: Mon Dec 12 00:00:00 2011
[09:01] {Threei} INTC *CUTS Q4 REV
[09:01] {Threei} $13.7B V $14.7B
[09:15] {jakob} good morning
[09:16] {Threei} morning jakob
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:17] {swill} morning
[09:17] {Threei} swill :)
[09:17] {Threei} as we suspected on Fri, that was Sienfield rally
[09:19] {ese} morning
[09:20] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} http://www.facebook.com/RealityTrader/posts/252746594787533
[09:21] {Threei} and, wen action slows down and you have a few min to relax,
[09:21] {Threei} http://www.facebook.com/RealityTrader/posts/200874476663226
[09:22] {Threei} gold is getting hit hard
[09:23] {ese} i'm not on facebook.......
[09:24] {ese} might be the only one on the planet not on it
[09:24] {Threei} hehe
[09:24] {Threei} hold on, I'
[09:24] {Threei} ll repost first one
[09:24] {Threei} Latest, and I believe the last update on the chart pattern recognition course:
[09:24] {Threei} The content is fully done; training videos are being compiled, the technology is chosen - it will be flash videos, 1024x768, viewable online. The whole thing should be online and running within a week. By the look of things as of today, before the next weekend... if anything goes wrong, then over the weekend. Review the introduction at http://www.realitytrader.com/111trades.html.
[09:25] {Threei} Now, for the good news...there will be a 10% discount for the first two weeks after launch for Facebook visitors. Coupon will be posted right here, immediately after launch announcement. Stay tuned! Also...
[09:25] {Threei} trading room members will receive 50% discount; BVO buyers will receive 30% discount. If you planned to become one or the other, NOW is the time.
[09:25] {Threei} end
[09:25] {RonS} hello everyone
[09:25] {ese} ron
[09:25] {Threei} ron :)
[09:25] {Threei} second, when you have time:
[09:25] {Threei} http://goo.gl/JMhEi
[09:28] {Threei} I have no clear idea for the first trade
[09:29] {Threei} will skip a few min
[09:31] {Threei} Short Setup: FCX .70 break half lot
[09:31] {Threei} aww, late
[09:31] {Threei} don't chase
[09:31] {Threei} let's see if it bounces for entry
[09:31] {Threei} I doubt it was possible to execute anyway
[09:32] {ese} L TVIX .52
[09:32] {Threei} Long Setup: SLW .35 break
[09:33] {ese} out TVIX .72 +.19
[09:33] {Threei} invalidated
[09:33] {ese} my word...took off like a bat out of hell
[09:35] {Threei} JPM
[09:35] {Threei} watching for bounce
[09:35] {Threei} Long Setup: JPM .10 break
[09:35] {ese} out TVIX .71 not .72
[09:35] {Threei} if stays above 32
[09:36] {Threei} target 1:2
[09:36] {Threei} 1:1
[09:36] {Threei} half out
[09:36] {Threei} scalpers know what to do
[09:36] {Threei} Long Setup: FCX .45 break
[09:36] {Threei} if stays above .35
[09:37] {Threei} change to aggressive, .40 break
[09:37] {Threei} if stays above .30
[09:38] {Threei} JPM 1:2
[09:38] {Threei} FCX 1:1
[09:40] {Threei} out FCX in full
[09:42] {Threei} Short Setup: SLW .80 break
[09:44] {Threei} cover half here near .70
[09:44] {Threei} .91 stop for the balance
[09:44] {Threei} .91 sorry
[09:44] {Threei} .81
[09:45] {Threei} sheesh
[09:45] {Threei} fat fingers
[09:45] {Threei} and crossed eyes
[09:45] {Threei} and general lack of coffee in the organism
[09:46] {Threei} scalpers win
[09:51] {pragmatic} btw, ty
[09:51] {Threei} Short Setup: RIMM .30 break if stays under .30
[09:51] {Threei} yw
[09:51] {pragmatic} 4 wins
[09:51] {Threei} RIMM looks so miserable
[09:51] {Threei} 4? I called 3
[09:51] {Threei} how do you beat basic math? :)
[09:52] {pragmatic} right, 3 :(
[09:52] {Threei} when... my world is intact :)
[09:52] {Threei} whew
[09:52] {Threei} speaking of RIMM... anyone read the news over weekend, where two RIMM executives chewed through restraints on the plane?
[09:52] {Threei} that was beyond hilarious
[09:54] {pragmatic} have the link handy ?
[09:54] {Threei} http://www.theregister.co.uk/2011/12/11/rim_chewed_restraints_flight_fracas/
[09:56] {Threei} looking at my RIMM call... no one even asked?
[09:56] {Threei} .25 break
[09:56] {Threei} short here
[09:56] {Threei} stop above .30
[10:03] {Threei} Long Setup: NU .20 break
[10:04] {Threei} if stays above .15
[10:04] {Threei} aim to start covering RIMM near .15
[10:05] {Threei} unless you are playing ese size... then it's just a scalp type I
[10:06] {ese} I like the look of that
[10:07] {Threei} daily chart looks like your worst nightmare
[10:08] {Threei} market reversal may save it here but it's worth 5-6 cents risk
[10:13] {Threei} NU, half out here
[10:13] {Threei} 1:2
[10:13] {Threei} scalpers get out
[10:13] {Threei} thanks to supertight stop, we can afford luxury of exiting at 1:2 instead of 1:1
[10:18] {ese} nice call with NU vad
[10:19] {Threei} ty
[10:20] {Threei} RIMM half ot
[10:20] {Threei} that's 5 for 5 today
[10:23] {swill} you can go home now
[10:24] {Threei} no really?
[10:24] {Threei} this will be a first time in like ever that I got such permission
[10:29] {Threei} Short Setup: SLW .60 break
[10:30] {Threei} if stays under .70
[10:32] {ese} L EDZ .72 1/2
[10:32] {ese} should be a slow climb to .00 if the mrkt helps it
[10:35] {ese} hmmmmmm out EDZ .74 +.02
[10:36] {ese} just realized what the symbol was bear 3X
[10:36] {ese} oops
[10:37] {RonS} lol
[10:37] {RonS} this just in from bloomberg news...Biggs stays bullish on socks
[10:38] {RonS} means 3i works there?
[10:38] {ese} whose Biggs?
[10:38] {RonS} sheesh...socks not stocks...
[10:38] {Threei} no go SLW
[10:39] {ese} no.....it's winter man.....he should be bullish on socks
[10:39] {Threei} hmmm
[10:39] {Threei} trying to track the logic
[10:40] {ese} thick wool socks no less
[10:40] {Threei} SLW rinse?
[10:40] {Threei} grr
[10:40] {RonS} nflx wtf...
[10:40] {ese} whoa......look at that
[10:40] {Threei} Netflix Inc Hearing subsequent chatter from M&A blog now that Verizon could be considering a bid for the company
[10:41] {RonS} AMZN buyout rumor
[10:41] {Threei} Euro vs US Dollar Nearing 1.3210 area, the 18 month support line and Nov low- USD index near the highest levels of the session
[10:43] {RonS} qotd: So I guess $NFLX is the safety trade today
[10:44] {Threei} lol
[10:49] {ese} it's got me lookin at it
[10:49] {ese} wanna grab a bounce here somewhere
[10:57] {ese} L nflx sm .48
[10:59] {ese} out nflx . 84
[10:59] {ese} +.36
[11:00] {Threei} wtg
[11:01] {ese} am getting decent fills these days......i wonder whats up with questrade........usually there a humongus screw up
[11:10] {Threei} market frozen solid
[11:16] {ese} indeed
[11:18] {Threei} next leg down... so slowly, almost impossible to tarde it
[11:21] {_morris541} slow motion
[11:21] {Threei} tough to turn it into trade when there is no pace change
[11:24] {Threei} don't see any news
[11:25] {Threei} just shows the daner of taking short position in boring market
[11:27] {RonS} hal barely budged...
[11:35] {Threei} Commerzbank AG Said to have been holding "intense" discussions with German govt over recent days in regards to state financial aid - financial press
[11:37] {dino} sprd sm l .50
[11:49] {Threei} Fitch comments on EU summit
[11:50] {Threei} let me post whole thing
[11:50] {Threei} (EU) Fitch comments on Euro summit; did little to reduce pressure on sovereign debt; only true firewall is access to ECB balance sheet- Fitch Ratings says after the latest EU crisis meeting it is clear that politicians are responding to the eurozone sovereign debt crisis through incremental improvements. It seems that a "comprehensive solution" to the current crisis is not on offer - Taking the gradualist approach imposes additional economic and financial costs compared with an immediate comprehensive solution. It means the crisis will continue at varying levels of intensity throughout 2012 and probably beyond, until the region is able to sustain broad economic recovery - The latest EU Summit, like others before it, has resulted in some positive developments. There is an extra EUR200bn of funding for the IMF, the ESM has been brought forward, and there has been policy change on private-sector involvement in any future sovereign crisis - We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:51] {Threei} this last sentence is the key
[11:51] {Threei} We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:52] {Threei} first, ECB so far refuses to do it (and with good reason)
[11:52] {Threei} and second, if it doesn, it only digs a deeper hole
[11:52] {Threei} is it does
[11:53] {dino} filled dji and ndx thurs gaps
[11:54] {Threei} looking at the combination of the news flow and price movements,
[11:54] {Threei} the worst thing is not even the drop itself
[11:54] {RonS} acom
[11:55] {Threei} but that it comes after all-important and so much hoped for Friday summit
[11:56] {dino} pretty good drop
[11:56] {Threei} Euro vs US Dollar Breaks to session lows below 1.3200
[11:56] {Threei} 49% of GOP voters see Gingrich as strongest General Election candidate, 24% say Romney
[11:56] {Threei} wow
[11:56] {Threei} hate to say, I didn't see it coming
[11:56] {Threei} have
[12:06] {dino} sm l csh .51
[12:26] {RonS} what day is it?
[12:26] {RonS} oh, it's every day...
[12:26] {Threei} mm... mmm... mmmmonday... why?
[12:27] {RonS} Barack Obama and Iraqi PM Nouri al-Maliki hold a joint press conference
[12:27] {Threei} lol
[12:27] {Threei} you are mean
[12:27] {Threei} speaking of mean... where is nemo
[12:28] {RonS} him not being here is really mean...
[12:28] {Threei} very
[12:28] {Threei} him being here makes us all look better
[12:28] {RonS} lol
[12:29] {Threei} so by not being here he makes us look worse, thus it's mean
[12:29] {Threei} there... what a immaculate logic chain
[13:04] {RonS} well slap my forehead...i never realized...BOC CARNEY: reiterates Canada companies must lead to economic growth. Weak demand could lead to defaults, social unrest.
[13:06] {Threei} hmmm
[13:06] {Threei} this is deep
[13:20] {Threei} LOL:
[13:20] {Threei} Oh, great. Just great. Monday arrives on a Monday this week.
[13:25] {Threei} new lows or bounce?
[13:25] {RonS} bounce then new lows
[13:26] {Threei} with selloff into eod? that's what I thought
[13:31] {_morris541} its seemed trying to bounce for last couple of hours but not managed so far
[13:31] {patience} good morning
[13:31] {Threei} true
[13:31] {Threei} but haven't made new lows either
[13:31] {Threei} fragile balance
[13:32] {_morris541} though seems exhausted a bit on the downside too
[13:32] {Threei} morning patience
[13:32] {dino} never short a dull tape
[13:32] {Threei} right
[13:32] {Threei} thus staying inactive for now
[13:32] {patience} bought tza at 5:15 this morning though dino, went back to sleep, made a nice profit
[13:33] {dino} gj
[13:33] {dino} i'm struggling a bit, too many distractions
[13:59] {Threei} *(US) NOV MONTHLY BUDGET STATEMENT: -$137.3B V -$39BE (38TH STRAIGHT MONTH OF DEFICITS)
[14:00] {Threei} - Receipts: $152.4B v $148.9B y/y
[14:00] {Threei} - Outlays: $289.7B v $299.36B y/y
[14:07] {patience} in tza
[14:15] {RonS} unusual time for eur to go to new lows
[14:15] {Threei} Euro vs US Dollar Extending decline below $1.3170; 1-month lows
[14:16] {Threei} 1.321 was widely considered a critical support
[14:19] {RonS} rather confusing that the vix is not up more...
[14:19] {Threei} somewhat, yeah
[14:19] {Threei} not sure what gives
[14:20] {dino} pretty much a gap and sit, maybe thats why
[14:36] {patience} tza reaching for 29
[14:36] {Threei} daily has nicely outlined resistance at 30, and by the look of things it's going to be taken tomorrow
[14:37] {Threei} or we will gap over it
[14:37] {Threei} barring news of course
[14:47] {patience} out tza, just booking the profit
[14:49] {Threei} BA increased dividend
[15:12] {Threei} volume spike... with no movement
[15:13] {swill} does that mean balance?
[15:14] {RonS} ...only in yoga?
[15:14] {RonS} or food eating contest?
[15:15] {swill} lol
[15:15] {RonS} :)
[15:16] {Threei} lol
[15:18] {dino} out sprd .04, +.54
[15:20] {patience} dino, dcc please
[15:26] {Threei} were do these little piske are coming from
[15:26] {Threei} spikes
[15:26] {Threei} no news
[15:27] {RonS} nervous shorts?
[15:27] {Threei} could be
[15:34] {Threei} (JP) Japan LDP opposition party leader Ishihara: Japan should consider building a military base on Senkaku islands to counter increasing China assertiveness on the South China Sea - financial press- Says: "Emboldened by its new economic weight and growing military might, China's proclamations of its 'peaceful rise' appear more and more at odds with the emerging reality."
[15:34] {Threei} great
[15:37] {RonS} dino, gpor needs to go back on the watchlist
[15:41] {Threei} still no news
[15:41] {Threei} I assume short squeeze
[15:47] {dino} was looking at that earlier ron, you are right
[15:47] {dino} hitk strong today
[15:49] {patience} bought more gold
[15:52] {Threei} as far as squeezes fo, this one is a very mild
[15:52] {Threei} reluctant I'd say
[15:54] {Threei} boring afternoon aside, good day
[15:54] {Threei} 5:6
[15:55] {Threei} techincally speaking gold doesn't look good
[15:56] {dino} looks like 1600 supp coming
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {patience} ty
[15:59] {dino} out csh .88, +.38
[16:00] {Threei} nice last hit dino
[16:00] {swill} thank you Mr. vad
6 calls, 5 wins. No complaints here. End of day little bounce doesn't change anything - I still see Friday rally as Sienflied one - rally about nothing.
Session Time: Mon Dec 12 00:00:00 2011
[09:01] {Threei} INTC *CUTS Q4 REV
[09:01] {Threei} $13.7B V $14.7B
[09:15] {jakob} good morning
[09:16] {Threei} morning jakob
[09:16] {dino} gm all
[09:16] {Threei} dino :)
[09:17] {swill} morning
[09:17] {Threei} swill :)
[09:17] {Threei} as we suspected on Fri, that was Sienfield rally
[09:19] {ese} morning
[09:20] {Threei} ese :)
[09:20] {ese} vad
[09:20] {Threei} http://www.facebook.com/RealityTrader/posts/252746594787533
[09:21] {Threei} and, wen action slows down and you have a few min to relax,
[09:21] {Threei} http://www.facebook.com/RealityTrader/posts/200874476663226
[09:22] {Threei} gold is getting hit hard
[09:23] {ese} i'm not on facebook.......
[09:24] {ese} might be the only one on the planet not on it
[09:24] {Threei} hehe
[09:24] {Threei} hold on, I'
[09:24] {Threei} ll repost first one
[09:24] {Threei} Latest, and I believe the last update on the chart pattern recognition course:
[09:24] {Threei} The content is fully done; training videos are being compiled, the technology is chosen - it will be flash videos, 1024x768, viewable online. The whole thing should be online and running within a week. By the look of things as of today, before the next weekend... if anything goes wrong, then over the weekend. Review the introduction at http://www.realitytrader.com/111trades.html.
[09:25] {Threei} Now, for the good news...there will be a 10% discount for the first two weeks after launch for Facebook visitors. Coupon will be posted right here, immediately after launch announcement. Stay tuned! Also...
[09:25] {Threei} trading room members will receive 50% discount; BVO buyers will receive 30% discount. If you planned to become one or the other, NOW is the time.
[09:25] {Threei} end
[09:25] {RonS} hello everyone
[09:25] {ese} ron
[09:25] {Threei} ron :)
[09:25] {Threei} second, when you have time:
[09:25] {Threei} http://goo.gl/JMhEi
[09:28] {Threei} I have no clear idea for the first trade
[09:29] {Threei} will skip a few min
[09:31] {Threei} Short Setup: FCX .70 break half lot
[09:31] {Threei} aww, late
[09:31] {Threei} don't chase
[09:31] {Threei} let's see if it bounces for entry
[09:31] {Threei} I doubt it was possible to execute anyway
[09:32] {ese} L TVIX .52
[09:32] {Threei} Long Setup: SLW .35 break
[09:33] {ese} out TVIX .72 +.19
[09:33] {Threei} invalidated
[09:33] {ese} my word...took off like a bat out of hell
[09:35] {Threei} JPM
[09:35] {Threei} watching for bounce
[09:35] {Threei} Long Setup: JPM .10 break
[09:35] {ese} out TVIX .71 not .72
[09:35] {Threei} if stays above 32
[09:36] {Threei} target 1:2
[09:36] {Threei} 1:1
[09:36] {Threei} half out
[09:36] {Threei} scalpers know what to do
[09:36] {Threei} Long Setup: FCX .45 break
[09:36] {Threei} if stays above .35
[09:37] {Threei} change to aggressive, .40 break
[09:37] {Threei} if stays above .30
[09:38] {Threei} JPM 1:2
[09:38] {Threei} FCX 1:1
[09:40] {Threei} out FCX in full
[09:42] {Threei} Short Setup: SLW .80 break
[09:44] {Threei} cover half here near .70
[09:44] {Threei} .91 stop for the balance
[09:44] {Threei} .91 sorry
[09:44] {Threei} .81
[09:45] {Threei} sheesh
[09:45] {Threei} fat fingers
[09:45] {Threei} and crossed eyes
[09:45] {Threei} and general lack of coffee in the organism
[09:46] {Threei} scalpers win
[09:51] {pragmatic} btw, ty
[09:51] {Threei} Short Setup: RIMM .30 break if stays under .30
[09:51] {Threei} yw
[09:51] {pragmatic} 4 wins
[09:51] {Threei} RIMM looks so miserable
[09:51] {Threei} 4? I called 3
[09:51] {Threei} how do you beat basic math? :)
[09:52] {pragmatic} right, 3 :(
[09:52] {Threei} when... my world is intact :)
[09:52] {Threei} whew
[09:52] {Threei} speaking of RIMM... anyone read the news over weekend, where two RIMM executives chewed through restraints on the plane?
[09:52] {Threei} that was beyond hilarious
[09:54] {pragmatic} have the link handy ?
[09:54] {Threei} http://www.theregister.co.uk/2011/12/11/rim_chewed_restraints_flight_fracas/
[09:56] {Threei} looking at my RIMM call... no one even asked?
[09:56] {Threei} .25 break
[09:56] {Threei} short here
[09:56] {Threei} stop above .30
[10:03] {Threei} Long Setup: NU .20 break
[10:04] {Threei} if stays above .15
[10:04] {Threei} aim to start covering RIMM near .15
[10:05] {Threei} unless you are playing ese size... then it's just a scalp type I
[10:06] {ese} I like the look of that
[10:07] {Threei} daily chart looks like your worst nightmare
[10:08] {Threei} market reversal may save it here but it's worth 5-6 cents risk
[10:13] {Threei} NU, half out here
[10:13] {Threei} 1:2
[10:13] {Threei} scalpers get out
[10:13] {Threei} thanks to supertight stop, we can afford luxury of exiting at 1:2 instead of 1:1
[10:18] {ese} nice call with NU vad
[10:19] {Threei} ty
[10:20] {Threei} RIMM half ot
[10:20] {Threei} that's 5 for 5 today
[10:23] {swill} you can go home now
[10:24] {Threei} no really?
[10:24] {Threei} this will be a first time in like ever that I got such permission
[10:29] {Threei} Short Setup: SLW .60 break
[10:30] {Threei} if stays under .70
[10:32] {ese} L EDZ .72 1/2
[10:32] {ese} should be a slow climb to .00 if the mrkt helps it
[10:35] {ese} hmmmmmm out EDZ .74 +.02
[10:36] {ese} just realized what the symbol was bear 3X
[10:36] {ese} oops
[10:37] {RonS} lol
[10:37] {RonS} this just in from bloomberg news...Biggs stays bullish on socks
[10:38] {RonS} means 3i works there?
[10:38] {ese} whose Biggs?
[10:38] {RonS} sheesh...socks not stocks...
[10:38] {Threei} no go SLW
[10:39] {ese} no.....it's winter man.....he should be bullish on socks
[10:39] {Threei} hmmm
[10:39] {Threei} trying to track the logic
[10:40] {ese} thick wool socks no less
[10:40] {Threei} SLW rinse?
[10:40] {Threei} grr
[10:40] {RonS} nflx wtf...
[10:40] {ese} whoa......look at that
[10:40] {Threei} Netflix Inc Hearing subsequent chatter from M&A blog now that Verizon could be considering a bid for the company
[10:41] {RonS} AMZN buyout rumor
[10:41] {Threei} Euro vs US Dollar Nearing 1.3210 area, the 18 month support line and Nov low- USD index near the highest levels of the session
[10:43] {RonS} qotd: So I guess $NFLX is the safety trade today
[10:44] {Threei} lol
[10:49] {ese} it's got me lookin at it
[10:49] {ese} wanna grab a bounce here somewhere
[10:57] {ese} L nflx sm .48
[10:59] {ese} out nflx . 84
[10:59] {ese} +.36
[11:00] {Threei} wtg
[11:01] {ese} am getting decent fills these days......i wonder whats up with questrade........usually there a humongus screw up
[11:10] {Threei} market frozen solid
[11:16] {ese} indeed
[11:18] {Threei} next leg down... so slowly, almost impossible to tarde it
[11:21] {_morris541} slow motion
[11:21] {Threei} tough to turn it into trade when there is no pace change
[11:24] {Threei} don't see any news
[11:25] {Threei} just shows the daner of taking short position in boring market
[11:27] {RonS} hal barely budged...
[11:35] {Threei} Commerzbank AG Said to have been holding "intense" discussions with German govt over recent days in regards to state financial aid - financial press
[11:37] {dino} sprd sm l .50
[11:49] {Threei} Fitch comments on EU summit
[11:50] {Threei} let me post whole thing
[11:50] {Threei} (EU) Fitch comments on Euro summit; did little to reduce pressure on sovereign debt; only true firewall is access to ECB balance sheet- Fitch Ratings says after the latest EU crisis meeting it is clear that politicians are responding to the eurozone sovereign debt crisis through incremental improvements. It seems that a "comprehensive solution" to the current crisis is not on offer - Taking the gradualist approach imposes additional economic and financial costs compared with an immediate comprehensive solution. It means the crisis will continue at varying levels of intensity throughout 2012 and probably beyond, until the region is able to sustain broad economic recovery - The latest EU Summit, like others before it, has resulted in some positive developments. There is an extra EUR200bn of funding for the IMF, the ESM has been brought forward, and there has been policy change on private-sector involvement in any future sovereign crisis - We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:51] {Threei} this last sentence is the key
[11:51] {Threei} We still believe the ECB, either directly through its sovereign bond purchase programme or indirectly by allowing the EFSF/ESM to access its balance sheet, is the only truly credible "firewall" against liquidity and even solvency crises in Europe
[11:52] {Threei} first, ECB so far refuses to do it (and with good reason)
[11:52] {Threei} and second, if it doesn, it only digs a deeper hole
[11:52] {Threei} is it does
[11:53] {dino} filled dji and ndx thurs gaps
[11:54] {Threei} looking at the combination of the news flow and price movements,
[11:54] {Threei} the worst thing is not even the drop itself
[11:54] {RonS} acom
[11:55] {Threei} but that it comes after all-important and so much hoped for Friday summit
[11:56] {dino} pretty good drop
[11:56] {Threei} Euro vs US Dollar Breaks to session lows below 1.3200
[11:56] {Threei} 49% of GOP voters see Gingrich as strongest General Election candidate, 24% say Romney
[11:56] {Threei} wow
[11:56] {Threei} hate to say, I didn't see it coming
[11:56] {Threei} have
[12:06] {dino} sm l csh .51
[12:26] {RonS} what day is it?
[12:26] {RonS} oh, it's every day...
[12:26] {Threei} mm... mmm... mmmmonday... why?
[12:27] {RonS} Barack Obama and Iraqi PM Nouri al-Maliki hold a joint press conference
[12:27] {Threei} lol
[12:27] {Threei} you are mean
[12:27] {Threei} speaking of mean... where is nemo
[12:28] {RonS} him not being here is really mean...
[12:28] {Threei} very
[12:28] {Threei} him being here makes us all look better
[12:28] {RonS} lol
[12:29] {Threei} so by not being here he makes us look worse, thus it's mean
[12:29] {Threei} there... what a immaculate logic chain
[13:04] {RonS} well slap my forehead...i never realized...BOC CARNEY: reiterates Canada companies must lead to economic growth. Weak demand could lead to defaults, social unrest.
[13:06] {Threei} hmmm
[13:06] {Threei} this is deep
[13:20] {Threei} LOL:
[13:20] {Threei} Oh, great. Just great. Monday arrives on a Monday this week.
[13:25] {Threei} new lows or bounce?
[13:25] {RonS} bounce then new lows
[13:26] {Threei} with selloff into eod? that's what I thought
[13:31] {_morris541} its seemed trying to bounce for last couple of hours but not managed so far
[13:31] {patience} good morning
[13:31] {Threei} true
[13:31] {Threei} but haven't made new lows either
[13:31] {Threei} fragile balance
[13:32] {_morris541} though seems exhausted a bit on the downside too
[13:32] {Threei} morning patience
[13:32] {dino} never short a dull tape
[13:32] {Threei} right
[13:32] {Threei} thus staying inactive for now
[13:32] {patience} bought tza at 5:15 this morning though dino, went back to sleep, made a nice profit
[13:33] {dino} gj
[13:33] {dino} i'm struggling a bit, too many distractions
[13:59] {Threei} *(US) NOV MONTHLY BUDGET STATEMENT: -$137.3B V -$39BE (38TH STRAIGHT MONTH OF DEFICITS)
[14:00] {Threei} - Receipts: $152.4B v $148.9B y/y
[14:00] {Threei} - Outlays: $289.7B v $299.36B y/y
[14:07] {patience} in tza
[14:15] {RonS} unusual time for eur to go to new lows
[14:15] {Threei} Euro vs US Dollar Extending decline below $1.3170; 1-month lows
[14:16] {Threei} 1.321 was widely considered a critical support
[14:19] {RonS} rather confusing that the vix is not up more...
[14:19] {Threei} somewhat, yeah
[14:19] {Threei} not sure what gives
[14:20] {dino} pretty much a gap and sit, maybe thats why
[14:36] {patience} tza reaching for 29
[14:36] {Threei} daily has nicely outlined resistance at 30, and by the look of things it's going to be taken tomorrow
[14:37] {Threei} or we will gap over it
[14:37] {Threei} barring news of course
[14:47] {patience} out tza, just booking the profit
[14:49] {Threei} BA increased dividend
[15:12] {Threei} volume spike... with no movement
[15:13] {swill} does that mean balance?
[15:14] {RonS} ...only in yoga?
[15:14] {RonS} or food eating contest?
[15:15] {swill} lol
[15:15] {RonS} :)
[15:16] {Threei} lol
[15:18] {dino} out sprd .04, +.54
[15:20] {patience} dino, dcc please
[15:26] {Threei} were do these little piske are coming from
[15:26] {Threei} spikes
[15:26] {Threei} no news
[15:27] {RonS} nervous shorts?
[15:27] {Threei} could be
[15:34] {Threei} (JP) Japan LDP opposition party leader Ishihara: Japan should consider building a military base on Senkaku islands to counter increasing China assertiveness on the South China Sea - financial press- Says: "Emboldened by its new economic weight and growing military might, China's proclamations of its 'peaceful rise' appear more and more at odds with the emerging reality."
[15:34] {Threei} great
[15:37] {RonS} dino, gpor needs to go back on the watchlist
[15:41] {Threei} still no news
[15:41] {Threei} I assume short squeeze
[15:47] {dino} was looking at that earlier ron, you are right
[15:47] {dino} hitk strong today
[15:49] {patience} bought more gold
[15:52] {Threei} as far as squeezes fo, this one is a very mild
[15:52] {Threei} reluctant I'd say
[15:54] {Threei} boring afternoon aside, good day
[15:54] {Threei} 5:6
[15:55] {Threei} techincally speaking gold doesn't look good
[15:56] {dino} looks like 1600 supp coming
[15:59] {Threei} thank you all
[15:59] {Threei} have a good evening, see you tomorrow
[15:59] {patience} ty
[15:59] {dino} out csh .88, +.38
[16:00] {Threei} nice last hit dino
[16:00] {swill} thank you Mr. vad
Friday, December 9, 2011
Market Week Wrap-up
Market Week Wrap-up
- Global equity markets were calmer this week after last week's wild moves, despite another uninspired EU summit, more worrying economic data in China and Europe, and a raft of concerning US corporate guidance calls. The focus was largely on the European Union leaders' summit on Thursday and Friday, as well as the ECB rate decision on Thursday morning. Coming into the week there were more unconfirmed reports of conflict between Berlin and Paris over potential policies to be promulgated at the summit, including whether the EU would agree to a new treaty or satisfy itself with an "intergovernmental agreement." A sense of mild optimism drove yields on both Italian and Spanish 10-year debt below 6% for the first time in weeks. On Monday evening, S&P put the sovereign ratings of all 17 euro zone nations -- including its six AAA-rated members -- on watch negative, warning that steps taken at the EU summit would determine the firm's ultimate ratings decisions. On Thursday, the ECB cut its main refi rates for a second month in a row and expanded its emergency lending measures, however it did not takes a step toward branding itself as the lender of last resort, as many had hoped. At the summit European leaders delivered on the hopes ginned up last week, which is to say the euro zone reached an incremental yet seemingly incomplete plan of action and agreed to meet again in three months to finalize the plan. Exhausted traders hardly had the energy to sell the news. Finnish PM Katainen summed up this week's deal nicely, noting that it was "beginning of the beginning of the end of the crisis." On the data front, rate decisions from Australia, New Zealand, and South Korea offered a unified theme of an entrenched regional slowdown, while monthly economic data from China showed further deceleration in both manufacturing and inflation metrics. In a worrying sign, the Shanghai Composite made fresh multi-month lows. Europe's In the US, the week's initial jobless claims hit nine-month lows and the preliminary University of Michigan consumer sentiment index moved out to its highest level since June. For the week the DJIA rose 1.4%, the NASDAQ gained 0.8%, and the S&P 500 tacked on 0.9%.
- With the fourth quarter reporting season fast approaching, firms have begun offering preliminary earnings guidance calls to position themselves in a darkening economic situation. Among the more negative calls, Metlife warned its Q4 profits would be lower than expected and gave a soft preliminary view of its FY12 outlook, Yum Brands' initial FY12 outlook fell short of expectations, and Darden Restaurants warned that its profits in the current quarter would disappoint. DuPont cut its FY11 outlook (slightly), citing destocking across polymers and certain industrial supply chains that has accelerated during the fourth quarter. Scotts Miracle-Gro warned that its quarterly loss in Q1 would be steeper than expected. Toyota cut its FY11 net and operating profit guidance in half due to the impact of the Thailand floods and the strong JPY. Not all the guidance was bearish: Fedex said that volume would reach 17M on Dec 12, +10% y/y, making for the busiest day in company history. Monsanto raised its Q1 guidance significantly, citing strength in Brazil and Argentina, with some contribution from the US and Australia. 3M's initial look at FY12 was largely in line with consensus expectations.
- The tech sector saw some negative calls for the current quarter as well. Chip manufacturer Texas Instruments and two close competitors, Lattice Semiconductor and Altera, downgraded their outlook for Q4. All three companies cited broad-based declines in orders across a wide range of markets. Texas Instruments indicated that demand for wireless chipsets is holding up, but on it also said distributors' inventories are at very low levels, which hints at a possible upswing in FY12. Bucking the industry trend, Novellus Systems reiterated its prior guidance and said its bookings in the current quarter were trending higher than prior projections, thanks to improved confidence among customers.
- Trading in FX markets was all a build up to Thursday's ECB decision and the EU leaders' summit. After the policy easing on Thursday, the ECB press conference began with the EUR/USD pair moving higher to test 1.3459 as the European Central Bank disclosed that it would implement a three-year refi operation (an extension beyond the existing one-year refi) and ease collateral rules. EUR/USD then fell to test 1.3310 after ECB President Draghi commented that the EU treaty did not permit monetary financing of governments, taking hopes for an ECB backstop off the table for the moment. Many were disappointed that the bank was only focused on ways to support the banking sector and refused to become the lender of last resort for euro zone states, although some analysts believe the bank is waiting for political leaders to draft a game plan for deeper economic integration before it agrees to a more involved role. Note that the EUR/USD pair again managed to hold above the pivotal 1.3210/30 area, even in the aftermath of the largely disappointing summit meeting.
- The EU leaders summit has unwound more or less as expected, with the 17 euro zone nations and at least six of the ten non-euro zone nations agreeing to deep fiscal integration via a new treaty rather than some sort of inter-governmental agreement (three nations said they must consult their Parliaments first and the UK refused to join the revised treaty). The UK stands isolated, refusing to play nice with its European colleagues, citing the competitive position of the UK's financial industry as its chief concern. EU leaders agreed to meet again in March of 2012 to finalize the new treaty. Among the disappointments was the lack of any discussion of euro bonds or agreement on a bank license for the ESM that would have drawn the ECB closer to a backstopping role. However, few doubt that the issue of euro bonds is likely to be brought up again at the March summit.
- In other FX news, the BOE left its key rate unchanged at 0.50% and maintained its asset purchase target at £275B. The yen was firmer against major pairs. Japanese Economy Minister Furukawa commented that the European crisis was to blame for the Yen strength and that he wants to make efforts with the BOJ to further clarify its FX stance internationally. The JPY was firmer on risk aversion flows against the major pairs ahead of the EU Leader Summit.
- Three central bank rate decisions in Asia did not inspire confidence. In Australia, the RBA cut its cash rate by 25bps for the second consecutive meeting, citing softer labor conditions, more pronounced weakness in China and inflation within the bank's target range of 2-3%. Australia's November labor data corroborated an increasingly cautious central bank stance, as net job creation turned negative for the first time in three months and participation rate fell to its lowest point in 15 months. In New Zealand, the RBNZ left rates unchanged at 2.50% but lowered its GDP target for this fiscal year to 2.0% from 2.5%. Governor Bollard's statement also dropped a hint of policy tightening in the coming month that has been present ever since the emergency post-quake rate cut in March. The Bank of Korea also cut its growth projections accompanying this week's unchanged policy stance, lowering its 2011 GDP target by 0.5pts to 3.8% and 2012 target to an even lower 3.7% mark amid continued uncertainty for Korea's key export markets.
- Monthly economic data from China showed further deceleration in both manufacturing and inflation metrics, giving rise to the rumors of last week's RRR rate cut by the PBoC being followed by a cut in key 1-year rates. November CPI fell well shy the expected 4.5% at 4.2%, the lowest rate since September of 2010, while industrial production came in at a 26-month low 12.4%. Financial press continued to home in on the risk of Chinese asset bubbles, discussing rising local government debt, suspended infrastructure projects and outflows of speculative capital. Indeed, China monthly FX reserves were said to have fallen for the first time in eight years, the Shanghai Composite made fresh multi-month lows below 2,310, and Vale became the first mining giant to accept a double-digit price cut on iron ore imports.
TradeTheNews
- Global equity markets were calmer this week after last week's wild moves, despite another uninspired EU summit, more worrying economic data in China and Europe, and a raft of concerning US corporate guidance calls. The focus was largely on the European Union leaders' summit on Thursday and Friday, as well as the ECB rate decision on Thursday morning. Coming into the week there were more unconfirmed reports of conflict between Berlin and Paris over potential policies to be promulgated at the summit, including whether the EU would agree to a new treaty or satisfy itself with an "intergovernmental agreement." A sense of mild optimism drove yields on both Italian and Spanish 10-year debt below 6% for the first time in weeks. On Monday evening, S&P put the sovereign ratings of all 17 euro zone nations -- including its six AAA-rated members -- on watch negative, warning that steps taken at the EU summit would determine the firm's ultimate ratings decisions. On Thursday, the ECB cut its main refi rates for a second month in a row and expanded its emergency lending measures, however it did not takes a step toward branding itself as the lender of last resort, as many had hoped. At the summit European leaders delivered on the hopes ginned up last week, which is to say the euro zone reached an incremental yet seemingly incomplete plan of action and agreed to meet again in three months to finalize the plan. Exhausted traders hardly had the energy to sell the news. Finnish PM Katainen summed up this week's deal nicely, noting that it was "beginning of the beginning of the end of the crisis." On the data front, rate decisions from Australia, New Zealand, and South Korea offered a unified theme of an entrenched regional slowdown, while monthly economic data from China showed further deceleration in both manufacturing and inflation metrics. In a worrying sign, the Shanghai Composite made fresh multi-month lows. Europe's In the US, the week's initial jobless claims hit nine-month lows and the preliminary University of Michigan consumer sentiment index moved out to its highest level since June. For the week the DJIA rose 1.4%, the NASDAQ gained 0.8%, and the S&P 500 tacked on 0.9%.
- With the fourth quarter reporting season fast approaching, firms have begun offering preliminary earnings guidance calls to position themselves in a darkening economic situation. Among the more negative calls, Metlife warned its Q4 profits would be lower than expected and gave a soft preliminary view of its FY12 outlook, Yum Brands' initial FY12 outlook fell short of expectations, and Darden Restaurants warned that its profits in the current quarter would disappoint. DuPont cut its FY11 outlook (slightly), citing destocking across polymers and certain industrial supply chains that has accelerated during the fourth quarter. Scotts Miracle-Gro warned that its quarterly loss in Q1 would be steeper than expected. Toyota cut its FY11 net and operating profit guidance in half due to the impact of the Thailand floods and the strong JPY. Not all the guidance was bearish: Fedex said that volume would reach 17M on Dec 12, +10% y/y, making for the busiest day in company history. Monsanto raised its Q1 guidance significantly, citing strength in Brazil and Argentina, with some contribution from the US and Australia. 3M's initial look at FY12 was largely in line with consensus expectations.
- The tech sector saw some negative calls for the current quarter as well. Chip manufacturer Texas Instruments and two close competitors, Lattice Semiconductor and Altera, downgraded their outlook for Q4. All three companies cited broad-based declines in orders across a wide range of markets. Texas Instruments indicated that demand for wireless chipsets is holding up, but on it also said distributors' inventories are at very low levels, which hints at a possible upswing in FY12. Bucking the industry trend, Novellus Systems reiterated its prior guidance and said its bookings in the current quarter were trending higher than prior projections, thanks to improved confidence among customers.
- Trading in FX markets was all a build up to Thursday's ECB decision and the EU leaders' summit. After the policy easing on Thursday, the ECB press conference began with the EUR/USD pair moving higher to test 1.3459 as the European Central Bank disclosed that it would implement a three-year refi operation (an extension beyond the existing one-year refi) and ease collateral rules. EUR/USD then fell to test 1.3310 after ECB President Draghi commented that the EU treaty did not permit monetary financing of governments, taking hopes for an ECB backstop off the table for the moment. Many were disappointed that the bank was only focused on ways to support the banking sector and refused to become the lender of last resort for euro zone states, although some analysts believe the bank is waiting for political leaders to draft a game plan for deeper economic integration before it agrees to a more involved role. Note that the EUR/USD pair again managed to hold above the pivotal 1.3210/30 area, even in the aftermath of the largely disappointing summit meeting.
- The EU leaders summit has unwound more or less as expected, with the 17 euro zone nations and at least six of the ten non-euro zone nations agreeing to deep fiscal integration via a new treaty rather than some sort of inter-governmental agreement (three nations said they must consult their Parliaments first and the UK refused to join the revised treaty). The UK stands isolated, refusing to play nice with its European colleagues, citing the competitive position of the UK's financial industry as its chief concern. EU leaders agreed to meet again in March of 2012 to finalize the new treaty. Among the disappointments was the lack of any discussion of euro bonds or agreement on a bank license for the ESM that would have drawn the ECB closer to a backstopping role. However, few doubt that the issue of euro bonds is likely to be brought up again at the March summit.
- In other FX news, the BOE left its key rate unchanged at 0.50% and maintained its asset purchase target at £275B. The yen was firmer against major pairs. Japanese Economy Minister Furukawa commented that the European crisis was to blame for the Yen strength and that he wants to make efforts with the BOJ to further clarify its FX stance internationally. The JPY was firmer on risk aversion flows against the major pairs ahead of the EU Leader Summit.
- Three central bank rate decisions in Asia did not inspire confidence. In Australia, the RBA cut its cash rate by 25bps for the second consecutive meeting, citing softer labor conditions, more pronounced weakness in China and inflation within the bank's target range of 2-3%. Australia's November labor data corroborated an increasingly cautious central bank stance, as net job creation turned negative for the first time in three months and participation rate fell to its lowest point in 15 months. In New Zealand, the RBNZ left rates unchanged at 2.50% but lowered its GDP target for this fiscal year to 2.0% from 2.5%. Governor Bollard's statement also dropped a hint of policy tightening in the coming month that has been present ever since the emergency post-quake rate cut in March. The Bank of Korea also cut its growth projections accompanying this week's unchanged policy stance, lowering its 2011 GDP target by 0.5pts to 3.8% and 2012 target to an even lower 3.7% mark amid continued uncertainty for Korea's key export markets.
- Monthly economic data from China showed further deceleration in both manufacturing and inflation metrics, giving rise to the rumors of last week's RRR rate cut by the PBoC being followed by a cut in key 1-year rates. November CPI fell well shy the expected 4.5% at 4.2%, the lowest rate since September of 2010, while industrial production came in at a 26-month low 12.4%. Financial press continued to home in on the risk of Chinese asset bubbles, discussing rising local government debt, suspended infrastructure projects and outflows of speculative capital. Indeed, China monthly FX reserves were said to have fallen for the first time in eight years, the Shanghai Composite made fresh multi-month lows below 2,310, and Vale became the first mining giant to accept a double-digit price cut on iron ore imports.
TradeTheNews
Nemo's Findings for the week of: 12/11
(Participation in the room in real time requires membership. Free trial is available)
Here are the images:
Here is the format import link:
http://www.freestockcharts.com/?emailChartID=891e9c9b-a833-44bb-8f25-1dddd53e6f83
And here is the blog link that explains the process:
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Here are the images:
Here is the format import link:
http://www.freestockcharts.com/?emailChartID=891e9c9b-a833-44bb-8f25-1dddd53e6f83
And here is the blog link that explains the process:
http://tradinglog.realitytrader.com/2011/12/multi-time-frame-pivot-analysis.html
Dec 09 2011
(Participation in the room in real time requires membership. Free trial is available)
Wasn't really our day - exchanged jabs with market, won some, lost some, endured a whole lot of boredom and ended up slightly negative. Oh well. It was a very good week anyway.
Session Time: Fri Dec 09 00:00:00 2011
[08:58] {Threei} yawn
[08:59] {Threei} hmmm... no nemo with blood thirst in his eyes and gun barrel roaming in search of something to kill?
[08:59] {Threei} something's wrong with this morning
[09:00] {Threei} (GR) Greece 10-year gov't yields rise above 35% for fresh Euro record highs
[09:02] {Threei} (EU) Various EU Leaders comments on Summit following working lunch
[09:02] {Threei} - German Chancellor Merkel: EU summit made a breakthrough for the foundation of a lasting and stable euro. Pleased ECB has suggested it will give expert support to the EFSF. Says the EU has always repsected the UK decision to stay out of the euro zone. Reiterates Germany will not boost the ESM beyond �500B.
[09:02] {Threei} - Spain PM: Blocking ESM will require a majority of 85%
[09:02] {Threei} - EU President Van Rompuy: Targets to ratify ESM by mid-2012. Disappointed that we could not get all EU27 nations to join in the treaty revisions [Reminder: 23 agreed today, 3 others have said they will consult their Parliaments, and UK has outright rejected the changes].
[09:06] {Threei} Italy bonds are up too, 1.12%
[09:13] {ese} morning....week so far....being run over on my bike monday.....5 shows so far number 6 today....one of my students colapsed after a show, I was at emergency until 2 AM Wednesday night ...and last but not least...lost my drivers license yesterday.....alchohol is a real option come tomorrow
[09:13] {Threei} jeez
[09:14] {Threei} what happened with license?
[09:14] {ese} this week and next always the busiest for me every year......high school music directors nightmare.....
[09:15] {ese} been like this for 30 years
[09:15] {ese} you go to the motor vehicle branch report it missing ....they cancel it and it costs you $17 to replace it
[09:21] {Threei} so far, EU summit produced a lot of hot air
[09:21] {ese} what were the last 2 days like.......
[09:21] {Threei} equity market is more or less happy there is no immediate collapse
[09:22] {ese} hmmmmmm
[09:22] {Threei} bond market is unhappy that there is no solution
[09:22] {Threei} good trading days for us ese
[09:23] {ese} excellent.....excellent
[09:23] {Threei} so, plan for today
[09:23] {ese} good to see the boys and girls makin hay
[09:23] {Threei} mostly looking for a short side for now,
[09:23] {Threei} keeping im mind that news can change the mood on a dime
[09:23] {Threei} and come at unpredictable time
[09:24] {Threei} as all these guys baskng in their 15 min beams of attention rush to say something
[09:25] {Threei} so, let's basically do what worked for us this week: stay careful, humble, seek our setups, grab our easy money and get out of the pool till next weak antelope walks by
[09:25] {Threei} how's that for a mixed metaphor?
[09:27] {jakob} good morning
[09:27] {Threei} jakob :)
[09:27] {ese} like it
[09:27] {Threei} missed couple great days
[09:28] {jakob} yes i know had to do a day job and it is not day trading.
[09:29] {Threei} hate those
[09:29] {Threei} they always interfere with life
[09:29] {jakob} hope will catch up
[09:30] {Threei} Short Setup: FCX .30 break half lot
[09:30] {Threei} umm
[09:31] {Threei} I doubt it was possible to catch
[09:31] {Threei} let's see if we get a bounce to short
[09:31] {Threei} somewhere into .40 territoy
[09:32] {Threei} Short Setup: FCX .40 break
[09:32] {Threei} half lot
[09:32] {Threei} is stays under .50
[09:32] {Threei} invalidated
[09:33] {Threei} next range to hunt for short is .60 - .70
[09:34] {nemo} hunt?
[09:34] {Threei} lol
[09:34] {Threei} Short Setup: FCX .60 break
[09:34] {nemo} I went to some places yesterday I haven't been...so much rain this fall can't get into them without scuba gear
[09:34] {Threei} if stays under .70
[09:35] {nemo} Now wouldn't that be a sight...Heading into the woods in camoflage scuba gear and a shotgun
[09:35] {Threei} target 1:2
[09:36] {Threei} stiop to .66
[09:37] {Threei} out
[09:38] {Threei} Short Setup: MCD .20 break
[09:38] {nemo} iwm at pivot and retracement
[09:38] {Threei} stop above .30
[09:39] {Threei} 1:1
[09:39] {Threei} 1:2, out
[09:39] {Threei} fast and furious
[09:40] {Threei} Short Setup: CS .70 break
[09:40] {Threei} if stays under .80
[09:41] {Threei} target 1:2
[09:43] {Threei} holding better than I'd expect...
[09:43] {Threei} let's trail to .76
[09:43] {Threei} it should have been at 1:1 by now
[09:43] {ese} L DB .22
[09:44] {ese} stop .13
[09:44] {nemo} anybody look at the trade you all ignored that I posted on the blog?
[09:44] {nemo} As if I don't know the answer...
[09:45] {ese} ahhhhhh....sorry neems.....concentrating on something else
[09:46] {Threei} out CS
[09:46] {ese} out DB .35 +.13
[09:46] {ese} 1/2 out
[09:47] {ese} stop to break even balance
[09:47] {Threei} Short Setup: ABX .40 break
[09:48] {ese} gotta do better than .40 or will toast the balance
[09:49] {ese} puuuuuurrrrrfect!
[09:49] {ese} out in full .42
[09:49] {Threei} nice
[09:49] {ese} +.20
[09:50] {ese} tks.....thats my day 1K/1K......
[09:50] {Threei} invalidated
[09:51] {ese} and it's taking off
[09:51] {ese} DB that is
[09:51] {_michael} were fighting the index on these shorts
[09:52] {Threei} so far, yes
[09:54] {nemo} no real spy resistance until .55-.75 area
[09:55] {Threei} *(US) DEC PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 67.7 V 65..8E
[09:55] {nemo} argualby IWM is above pivot and a retracement, could provide support
[09:55] {ese} pretty good number
[09:58] {Threei} Long Setup: POT 40 break half lot
[09:58] {Threei} stop under .90
[09:59] {nemo} s1 support is .86 set stop below
[10:01] {Threei} 1:1
[10:01] {Threei} half out
[10:01] {Threei} scalpers be happy
[10:01] {nemo} vwap here
[10:01] {Threei} 1:2
[10:01] {Threei} out in full
[10:02] {Threei} mixed bag morning
[10:05] {RonS} took pot .00 to .35 thanks 3i
[10:05] {Threei} POT had more in it
[10:05] {Threei} wtg Ron
[10:05] {Threei} played it better than I did
[10:06] {RonS} last 7 cents were tough
[10:08] {RonS} wow dmnd
[10:15] {RonS} grudge match: EU'S JUNCKER: Cameron's decision is "not good" for both U.K. and Europe. U.K. shouldn't continue "policy of isolation"
[10:17] {Threei} good luck pressuring UK
[10:18] {Threei} Short Setup: SLW .20 break
[10:19] {Threei} if stays under .30 of course
[10:20] {Threei} Juncker: what's with swimming alone while we are going to sink all together? Be a good sport and join us
[10:22] {Threei} SLW stop to .26
[10:24] {Threei} out
[10:24] {Threei} 7 cents was all it could make?
[10:26] {Threei} rinse
[10:26] {Threei} low volume day
[10:26] {Threei} not liking those
[10:28] {Threei} Short Setup: POT 40 break
[10:28] {Threei} if stays under .10
[10:30] {Threei} target 1:3
[10:33] {Threei} no go
[10:34] {_morris541} is there enough bullishnes for this to push higher from here
[10:35] {Threei} with this luck of volume, anybody's guess
[10:35] {_morris541} im calling short side, but keeping it tight
[10:36] {Threei} this is what I am doing so far, with mixed success
[10:37] {Threei} so far it's "management day"
[10:37] {Threei} as in:
[10:37] {Threei} manage the trade risk wise, wait for the system odds to work their magic,
[10:37] {Threei} and if they don't, well - who said there wouldn't be losing days
[10:38] {nemo} think short is eventually right probably more towards afternoon...euro issues going into weekend
[10:42] {Threei} let's try something different
[10:42] {Threei} stock that doesn't pay attention to the market
[10:42] {Threei} Short Setup: CL .35 break half lot
[10:43] {Threei} if stsays under .45
[10:43] {RonS} stepping on the tube, eh?
[10:45] {RonS} a very clear explanation: http://tinyurl.com/ccd8jsk
[10:46] {Threei} I was hoping for "stepping on the tube" explanation :)
[10:46] {nemo} Yeah, Merkel accomplishes what Hitler couldn't
[10:46] {Threei} I suspect with the same success
[10:47] {nemo} cyanide capsules?
[10:47] {Threei} lol... not as graphic
[10:47] {Threei} just a retirement
[10:47] {RonS} colgate...toothpaste...
[10:47] {Threei} let's go CL
[10:48] {Threei} oh, got it
[10:48] {Threei} I am dense today, sorry
[10:48] {RonS} find this situation hilarious: http://tinyurl.com/cjgq3nd
[10:48] {Threei} nemo, don't even think about it
[10:49] {nemo} don't worry that's like shooting a fawn
[10:49] {Threei} fawn...... okaaay
[10:51] {nemo} http://www.businessinsider.com/howard-buffett-berkshire-hathaway-2011-12
[10:51] {nemo} short brk.b
[10:51] {RonS} one of the reasons US turning into net oil exporter: http://tinyurl.com/7d3y987
[10:52] {Threei} come on... 2 cents from 1:1 again?
[10:52] {Threei} stop to .41
[10:52] {nemo} "You can tell a woman she's the most ugliest thing you've ever saw, or say honey when I look at you time stands still."
[10:54] {RonS} was going to post that for you but the yahoo from florida should have used seen, not saw
[10:54] {nemo} hehehehehe
[10:55] {Threei} lol
[10:56] {Threei} Long Setup: SLW .40 break
[10:57] {RonS} still love what a former boss said to a woman at a bar: honey, i'm too old for you, and you're too old for me.....(he was 50 at the time and she about 30)
[10:58] {nemo} then there's the classic: "I spent a year with her one night"
[10:59] {Threei} target 1:2
[11:00] {Threei} 1:1
[11:00] {Threei} half out
[11:00] {Threei} scalpers know what to do
[11:01] {Threei} 76% of registered US voters say most members of Congress do not deserve re-election
[11:01] {Threei} yet it's these same folks who voted for them?
[11:01] {Threei} and will no doubt do the sdame next time?
[11:01] {RonS} they mean the other members 3i...never theirs...
[11:02] {Threei} right
[11:02] {Threei} this popular anger toward congress is hilarious... congress reflects those same folks that feel angry about their own choices
[11:02] {dino} hitk sm l .50
[11:02] {Threei} come on SLW
[11:02] {Threei} give us 5 cents more
[11:04] {Threei} Deutsche Bahn AG S&P puts AA rating on watch negative
[11:05] {nemo} why did S&P put the National Train service on watch?
[11:05] {Threei} I suspect they confused it with Deutsche Bank
[11:05] {Threei} at least I did, lol
[11:06] {Threei} so, they right question qwould be why I gfelt the need to post it
[11:07] {nemo} .77 area resistance for spy
[11:07] {Threei} SLW stop to .45
[11:09] {RonS} out slw +.15 thanks 3i
[11:10] {Threei} welcome
[11:10] {Threei} out SLW in full
[11:11] {Threei} doesn't fully fix the day yet but makes it "wasn't really worth waking up"
[11:12] {Threei} timely exit
[11:12] {Threei} how about that
[11:13] {patience} good morning
[11:13] {Threei} morning patience
[11:13] {Threei} Focus Media Holding Hearing Muddy Waters again making cautious comments (timing uncertain)
[11:14] {Threei} lol, like dog with a bone
[11:14] {Threei} FMCN
[11:14] {nemo} spy dropped at .77
[11:18] {Threei} GE
[11:19] {Threei} dividend increase
[11:35] {Threei} at some point bulls should remember about gravity
[11:35] {nemo} it's getting close
[11:36] {Threei} feels this way but I'd wait out one more bout of mindless anthusiasm
[11:36] {nemo} afternoon
[11:36] {nemo} http://www.freestockcharts.com?emailChartID=c038054c-fab6-4d3e-ab73-871731fd4f39
[11:44] {Threei} ok, here comes one more spike
[11:45] {Threei} and unless news changes the mood, I suspect it's the last one
[11:45] {patience} is it options expiry today?
[11:45] {Threei} Long Setup: TZA .60 break
[11:45] {Threei} half lot
[11:45] {Threei} if stays above .45
[11:47] {RonS} only weeklies
[11:47] {Threei} (HU) Hungary PM Orban: Every effort needs to be made to prevent Hungary from following Europe into recession
[11:48] {Threei} lol... when they talk about EU recession, to me it sounds like "Titanic had a rough crossing"
[11:48] {Threei} TZA target .90
[11:51] {Threei} http://goo.gl/j3tSh
[12:08] {dino} bth gap filled
[12:08] {dino} sm l .65
[12:14] {Threei} not much works today
[12:23] {Threei} (NV) Netherlands Debt agency comments on S&P credit watch; not concerned as it would impact everyone- Notes bond demand wasnt impacted in a major way
[12:24] {Threei} lol, meaning there was no demand anyway?
[12:32] {dino} bth stop
[12:39] {Threei} while nothing happens, a little update
[12:39] {Threei} course booklet has been finished
[12:40] {Threei} one day to go over it to make sure all logical links are in order,
[12:40] {Threei} as in, there is no case when page 23 refers to something mentioned on page 86
[12:40] {Threei} constructing videos should take 2-3 days,
[12:41] {Threei} after that it's purely technical part,
[12:41] {Threei} finalizing the format, putting things online, activating protection/access mechanisms
[12:41] {Threei} which should be 2-3 days as well
[12:42] {Threei} so we are on target to release it over the next weekend
[12:42] {Threei} barring something unexpected of course
[12:42] {Threei} like maid knee or strong case of laziness
[13:01] {Threei} (FR) ECB's Noyer: Notes ECB liquidity measures can be considered a 'bazooka'; not seeing any signs of a credit crunch in France
[13:01] {Threei} - Restoring confidence in Europe will help improve growth prospects in 2012.
[13:01] {Threei} - Moody's analysis of France banks is 'erroneous,' fails to look at the fundamentals
[13:01] {Threei} **Reminder: Earlier Moody's lowered ratings on three France banks (Societe Generale, Credit Agricole, and BNP Paribas)
[13:01] {Threei} funny guy this Noyer
[13:49] {dino} .
[13:50] {Threei} good point
[13:55] {RonS} qotd: warren buffet wants his idiot farmer son to be chairman of berkshire
[13:55] {Threei} he is a farmer?
[13:55] {RonS} don't know
[13:56] {RonS} Howard Buffett, a farmer with no college degree
[13:57] {RonS} For his part, Howard Buffett is amenable to the plan, he told the newsmagazine, as long as he doesn't have to stop growing corn and soybeans.
[13:58] {RonS} ...be better off with Jimmie Buffet...
[13:59] {RonS} ...he is a cousin...
[14:09] {RonS} nemo go shopping?...look swhc
[14:09] {Threei} lol
[14:09] {RonS} you would think the O getting elected or something
[14:09] {Threei} you are giving me nightmares
[14:21] {Threei} (US) White House rejects the most recent payroll tax extension proposal from GOP- Note: GOP earlier: - Boehner's version of the bill would extend payroll tax cut at 4.2% for employees. - Bill would restructure unemployment compensation, US flood insurance program.(new component of plan) - Would increase Medicare premiums for higher earners, would block top earners from obtaining unemployment benefits. (same as prior GOP plan rejected by Congress)
[14:23] {Threei} what's wrong with that?
[14:24] {Threei} this guys really embrasses himself with these comments:
[14:24] {Threei} (EU) Eurogroup's Juncker: Ireland is performing well, there is no reason for Greece to be expelled from the EMU- Feels Britain made a poor choice in isolating itself by not signing on to new framework
[14:29] {Threei} don't see news ffor this spike
[14:29] {Threei} be back in 20 min to try and find couple final plays
[14:42] {dino} took hours but out hitk .05 +.55
[14:49] {Threei} back
[14:49] {Threei} nice one dino
[14:50] {dino} ty not much going on
[14:53] {Threei} tell me about it
[14:53] {Threei} my coma is twice as deep today
[14:54] {Threei} eve wife noticed I don't hear her speaking on 2nd minute, and usually I manage to fool her for about 5
[15:03] {Threei} Long Setup: GRMN .90 break
[15:11] {Threei} Long Setup: TZA .85 break
[15:11] {Threei} stop under .80
[15:18] {Threei} The Goldman Sachs Group Inc Said to be evaluating launch of wholesale trading unit; Credit Suisse also said to be considering the idea - financial press
[15:18] {Threei} what's that?
[15:19] {Threei} rinses are abound today
[15:24] {dino} calling it a week, thx all
[15:26] {Threei} take care dino
[15:26] {patience} have a good weekend, party time for me
[15:27] {Threei} still have to get a few cents from GRMN for party
[15:52] {Threei} (EU) ECB's Draghi said to be evaluating ways to distance the ECB from European politics- Draghi feels forced into more political roles due to lack of a response from Govts
[15:52] {Threei} out GRMN with little scalp
[15:53] {Threei} OK guys, thank you, have a good weekend
[15:53] {Threei} see you Monday
[15:56] {patience} ty vad
Wasn't really our day - exchanged jabs with market, won some, lost some, endured a whole lot of boredom and ended up slightly negative. Oh well. It was a very good week anyway.
Session Time: Fri Dec 09 00:00:00 2011
[08:58] {Threei} yawn
[08:59] {Threei} hmmm... no nemo with blood thirst in his eyes and gun barrel roaming in search of something to kill?
[08:59] {Threei} something's wrong with this morning
[09:00] {Threei} (GR) Greece 10-year gov't yields rise above 35% for fresh Euro record highs
[09:02] {Threei} (EU) Various EU Leaders comments on Summit following working lunch
[09:02] {Threei} - German Chancellor Merkel: EU summit made a breakthrough for the foundation of a lasting and stable euro. Pleased ECB has suggested it will give expert support to the EFSF. Says the EU has always repsected the UK decision to stay out of the euro zone. Reiterates Germany will not boost the ESM beyond �500B.
[09:02] {Threei} - Spain PM: Blocking ESM will require a majority of 85%
[09:02] {Threei} - EU President Van Rompuy: Targets to ratify ESM by mid-2012. Disappointed that we could not get all EU27 nations to join in the treaty revisions [Reminder: 23 agreed today, 3 others have said they will consult their Parliaments, and UK has outright rejected the changes].
[09:06] {Threei} Italy bonds are up too, 1.12%
[09:13] {ese} morning....week so far....being run over on my bike monday.....5 shows so far number 6 today....one of my students colapsed after a show, I was at emergency until 2 AM Wednesday night ...and last but not least...lost my drivers license yesterday.....alchohol is a real option come tomorrow
[09:13] {Threei} jeez
[09:14] {Threei} what happened with license?
[09:14] {ese} this week and next always the busiest for me every year......high school music directors nightmare.....
[09:15] {ese} been like this for 30 years
[09:15] {ese} you go to the motor vehicle branch report it missing ....they cancel it and it costs you $17 to replace it
[09:21] {Threei} so far, EU summit produced a lot of hot air
[09:21] {ese} what were the last 2 days like.......
[09:21] {Threei} equity market is more or less happy there is no immediate collapse
[09:22] {ese} hmmmmmm
[09:22] {Threei} bond market is unhappy that there is no solution
[09:22] {Threei} good trading days for us ese
[09:23] {ese} excellent.....excellent
[09:23] {Threei} so, plan for today
[09:23] {ese} good to see the boys and girls makin hay
[09:23] {Threei} mostly looking for a short side for now,
[09:23] {Threei} keeping im mind that news can change the mood on a dime
[09:23] {Threei} and come at unpredictable time
[09:24] {Threei} as all these guys baskng in their 15 min beams of attention rush to say something
[09:25] {Threei} so, let's basically do what worked for us this week: stay careful, humble, seek our setups, grab our easy money and get out of the pool till next weak antelope walks by
[09:25] {Threei} how's that for a mixed metaphor?
[09:27] {jakob} good morning
[09:27] {Threei} jakob :)
[09:27] {ese} like it
[09:27] {Threei} missed couple great days
[09:28] {jakob} yes i know had to do a day job and it is not day trading.
[09:29] {Threei} hate those
[09:29] {Threei} they always interfere with life
[09:29] {jakob} hope will catch up
[09:30] {Threei} Short Setup: FCX .30 break half lot
[09:30] {Threei} umm
[09:31] {Threei} I doubt it was possible to catch
[09:31] {Threei} let's see if we get a bounce to short
[09:31] {Threei} somewhere into .40 territoy
[09:32] {Threei} Short Setup: FCX .40 break
[09:32] {Threei} half lot
[09:32] {Threei} is stays under .50
[09:32] {Threei} invalidated
[09:33] {Threei} next range to hunt for short is .60 - .70
[09:34] {nemo} hunt?
[09:34] {Threei} lol
[09:34] {Threei} Short Setup: FCX .60 break
[09:34] {nemo} I went to some places yesterday I haven't been...so much rain this fall can't get into them without scuba gear
[09:34] {Threei} if stays under .70
[09:35] {nemo} Now wouldn't that be a sight...Heading into the woods in camoflage scuba gear and a shotgun
[09:35] {Threei} target 1:2
[09:36] {Threei} stiop to .66
[09:37] {Threei} out
[09:38] {Threei} Short Setup: MCD .20 break
[09:38] {nemo} iwm at pivot and retracement
[09:38] {Threei} stop above .30
[09:39] {Threei} 1:1
[09:39] {Threei} 1:2, out
[09:39] {Threei} fast and furious
[09:40] {Threei} Short Setup: CS .70 break
[09:40] {Threei} if stays under .80
[09:41] {Threei} target 1:2
[09:43] {Threei} holding better than I'd expect...
[09:43] {Threei} let's trail to .76
[09:43] {Threei} it should have been at 1:1 by now
[09:43] {ese} L DB .22
[09:44] {ese} stop .13
[09:44] {nemo} anybody look at the trade you all ignored that I posted on the blog?
[09:44] {nemo} As if I don't know the answer...
[09:45] {ese} ahhhhhh....sorry neems.....concentrating on something else
[09:46] {Threei} out CS
[09:46] {ese} out DB .35 +.13
[09:46] {ese} 1/2 out
[09:47] {ese} stop to break even balance
[09:47] {Threei} Short Setup: ABX .40 break
[09:48] {ese} gotta do better than .40 or will toast the balance
[09:49] {ese} puuuuuurrrrrfect!
[09:49] {ese} out in full .42
[09:49] {Threei} nice
[09:49] {ese} +.20
[09:50] {ese} tks.....thats my day 1K/1K......
[09:50] {Threei} invalidated
[09:51] {ese} and it's taking off
[09:51] {ese} DB that is
[09:51] {_michael} were fighting the index on these shorts
[09:52] {Threei} so far, yes
[09:54] {nemo} no real spy resistance until .55-.75 area
[09:55] {Threei} *(US) DEC PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 67.7 V 65..8E
[09:55] {nemo} argualby IWM is above pivot and a retracement, could provide support
[09:55] {ese} pretty good number
[09:58] {Threei} Long Setup: POT 40 break half lot
[09:58] {Threei} stop under .90
[09:59] {nemo} s1 support is .86 set stop below
[10:01] {Threei} 1:1
[10:01] {Threei} half out
[10:01] {Threei} scalpers be happy
[10:01] {nemo} vwap here
[10:01] {Threei} 1:2
[10:01] {Threei} out in full
[10:02] {Threei} mixed bag morning
[10:05] {RonS} took pot .00 to .35 thanks 3i
[10:05] {Threei} POT had more in it
[10:05] {Threei} wtg Ron
[10:05] {Threei} played it better than I did
[10:06] {RonS} last 7 cents were tough
[10:08] {RonS} wow dmnd
[10:15] {RonS} grudge match: EU'S JUNCKER: Cameron's decision is "not good" for both U.K. and Europe. U.K. shouldn't continue "policy of isolation"
[10:17] {Threei} good luck pressuring UK
[10:18] {Threei} Short Setup: SLW .20 break
[10:19] {Threei} if stays under .30 of course
[10:20] {Threei} Juncker: what's with swimming alone while we are going to sink all together? Be a good sport and join us
[10:22] {Threei} SLW stop to .26
[10:24] {Threei} out
[10:24] {Threei} 7 cents was all it could make?
[10:26] {Threei} rinse
[10:26] {Threei} low volume day
[10:26] {Threei} not liking those
[10:28] {Threei} Short Setup: POT 40 break
[10:28] {Threei} if stays under .10
[10:30] {Threei} target 1:3
[10:33] {Threei} no go
[10:34] {_morris541} is there enough bullishnes for this to push higher from here
[10:35] {Threei} with this luck of volume, anybody's guess
[10:35] {_morris541} im calling short side, but keeping it tight
[10:36] {Threei} this is what I am doing so far, with mixed success
[10:37] {Threei} so far it's "management day"
[10:37] {Threei} as in:
[10:37] {Threei} manage the trade risk wise, wait for the system odds to work their magic,
[10:37] {Threei} and if they don't, well - who said there wouldn't be losing days
[10:38] {nemo} think short is eventually right probably more towards afternoon...euro issues going into weekend
[10:42] {Threei} let's try something different
[10:42] {Threei} stock that doesn't pay attention to the market
[10:42] {Threei} Short Setup: CL .35 break half lot
[10:43] {Threei} if stsays under .45
[10:43] {RonS} stepping on the tube, eh?
[10:45] {RonS} a very clear explanation: http://tinyurl.com/ccd8jsk
[10:46] {Threei} I was hoping for "stepping on the tube" explanation :)
[10:46] {nemo} Yeah, Merkel accomplishes what Hitler couldn't
[10:46] {Threei} I suspect with the same success
[10:47] {nemo} cyanide capsules?
[10:47] {Threei} lol... not as graphic
[10:47] {Threei} just a retirement
[10:47] {RonS} colgate...toothpaste...
[10:47] {Threei} let's go CL
[10:48] {Threei} oh, got it
[10:48] {Threei} I am dense today, sorry
[10:48] {RonS} find this situation hilarious: http://tinyurl.com/cjgq3nd
[10:48] {Threei} nemo, don't even think about it
[10:49] {nemo} don't worry that's like shooting a fawn
[10:49] {Threei} fawn...... okaaay
[10:51] {nemo} http://www.businessinsider.com/howard-buffett-berkshire-hathaway-2011-12
[10:51] {nemo} short brk.b
[10:51] {RonS} one of the reasons US turning into net oil exporter: http://tinyurl.com/7d3y987
[10:52] {Threei} come on... 2 cents from 1:1 again?
[10:52] {Threei} stop to .41
[10:52] {nemo} "You can tell a woman she's the most ugliest thing you've ever saw, or say honey when I look at you time stands still."
[10:54] {RonS} was going to post that for you but the yahoo from florida should have used seen, not saw
[10:54] {nemo} hehehehehe
[10:55] {Threei} lol
[10:56] {Threei} Long Setup: SLW .40 break
[10:57] {RonS} still love what a former boss said to a woman at a bar: honey, i'm too old for you, and you're too old for me.....(he was 50 at the time and she about 30)
[10:58] {nemo} then there's the classic: "I spent a year with her one night"
[10:59] {Threei} target 1:2
[11:00] {Threei} 1:1
[11:00] {Threei} half out
[11:00] {Threei} scalpers know what to do
[11:01] {Threei} 76% of registered US voters say most members of Congress do not deserve re-election
[11:01] {Threei} yet it's these same folks who voted for them?
[11:01] {Threei} and will no doubt do the sdame next time?
[11:01] {RonS} they mean the other members 3i...never theirs...
[11:02] {Threei} right
[11:02] {Threei} this popular anger toward congress is hilarious... congress reflects those same folks that feel angry about their own choices
[11:02] {dino} hitk sm l .50
[11:02] {Threei} come on SLW
[11:02] {Threei} give us 5 cents more
[11:04] {Threei} Deutsche Bahn AG S&P puts AA rating on watch negative
[11:05] {nemo} why did S&P put the National Train service on watch?
[11:05] {Threei} I suspect they confused it with Deutsche Bank
[11:05] {Threei} at least I did, lol
[11:06] {Threei} so, they right question qwould be why I gfelt the need to post it
[11:07] {nemo} .77 area resistance for spy
[11:07] {Threei} SLW stop to .45
[11:09] {RonS} out slw +.15 thanks 3i
[11:10] {Threei} welcome
[11:10] {Threei} out SLW in full
[11:11] {Threei} doesn't fully fix the day yet but makes it "wasn't really worth waking up"
[11:12] {Threei} timely exit
[11:12] {Threei} how about that
[11:13] {patience} good morning
[11:13] {Threei} morning patience
[11:13] {Threei} Focus Media Holding Hearing Muddy Waters again making cautious comments (timing uncertain)
[11:14] {Threei} lol, like dog with a bone
[11:14] {Threei} FMCN
[11:14] {nemo} spy dropped at .77
[11:18] {Threei} GE
[11:19] {Threei} dividend increase
[11:35] {Threei} at some point bulls should remember about gravity
[11:35] {nemo} it's getting close
[11:36] {Threei} feels this way but I'd wait out one more bout of mindless anthusiasm
[11:36] {nemo} afternoon
[11:36] {nemo} http://www.freestockcharts.com?emailChartID=c038054c-fab6-4d3e-ab73-871731fd4f39
[11:44] {Threei} ok, here comes one more spike
[11:45] {Threei} and unless news changes the mood, I suspect it's the last one
[11:45] {patience} is it options expiry today?
[11:45] {Threei} Long Setup: TZA .60 break
[11:45] {Threei} half lot
[11:45] {Threei} if stays above .45
[11:47] {RonS} only weeklies
[11:47] {Threei} (HU) Hungary PM Orban: Every effort needs to be made to prevent Hungary from following Europe into recession
[11:48] {Threei} lol... when they talk about EU recession, to me it sounds like "Titanic had a rough crossing"
[11:48] {Threei} TZA target .90
[11:51] {Threei} http://goo.gl/j3tSh
[12:08] {dino} bth gap filled
[12:08] {dino} sm l .65
[12:14] {Threei} not much works today
[12:23] {Threei} (NV) Netherlands Debt agency comments on S&P credit watch; not concerned as it would impact everyone- Notes bond demand wasnt impacted in a major way
[12:24] {Threei} lol, meaning there was no demand anyway?
[12:32] {dino} bth stop
[12:39] {Threei} while nothing happens, a little update
[12:39] {Threei} course booklet has been finished
[12:40] {Threei} one day to go over it to make sure all logical links are in order,
[12:40] {Threei} as in, there is no case when page 23 refers to something mentioned on page 86
[12:40] {Threei} constructing videos should take 2-3 days,
[12:41] {Threei} after that it's purely technical part,
[12:41] {Threei} finalizing the format, putting things online, activating protection/access mechanisms
[12:41] {Threei} which should be 2-3 days as well
[12:42] {Threei} so we are on target to release it over the next weekend
[12:42] {Threei} barring something unexpected of course
[12:42] {Threei} like maid knee or strong case of laziness
[13:01] {Threei} (FR) ECB's Noyer: Notes ECB liquidity measures can be considered a 'bazooka'; not seeing any signs of a credit crunch in France
[13:01] {Threei} - Restoring confidence in Europe will help improve growth prospects in 2012.
[13:01] {Threei} - Moody's analysis of France banks is 'erroneous,' fails to look at the fundamentals
[13:01] {Threei} **Reminder: Earlier Moody's lowered ratings on three France banks (Societe Generale, Credit Agricole, and BNP Paribas)
[13:01] {Threei} funny guy this Noyer
[13:49] {dino} .
[13:50] {Threei} good point
[13:55] {RonS} qotd: warren buffet wants his idiot farmer son to be chairman of berkshire
[13:55] {Threei} he is a farmer?
[13:55] {RonS} don't know
[13:56] {RonS} Howard Buffett, a farmer with no college degree
[13:57] {RonS} For his part, Howard Buffett is amenable to the plan, he told the newsmagazine, as long as he doesn't have to stop growing corn and soybeans.
[13:58] {RonS} ...be better off with Jimmie Buffet...
[13:59] {RonS} ...he is a cousin...
[14:09] {RonS} nemo go shopping?...look swhc
[14:09] {Threei} lol
[14:09] {RonS} you would think the O getting elected or something
[14:09] {Threei} you are giving me nightmares
[14:21] {Threei} (US) White House rejects the most recent payroll tax extension proposal from GOP- Note: GOP earlier: - Boehner's version of the bill would extend payroll tax cut at 4.2% for employees. - Bill would restructure unemployment compensation, US flood insurance program.(new component of plan) - Would increase Medicare premiums for higher earners, would block top earners from obtaining unemployment benefits. (same as prior GOP plan rejected by Congress)
[14:23] {Threei} what's wrong with that?
[14:24] {Threei} this guys really embrasses himself with these comments:
[14:24] {Threei} (EU) Eurogroup's Juncker: Ireland is performing well, there is no reason for Greece to be expelled from the EMU- Feels Britain made a poor choice in isolating itself by not signing on to new framework
[14:29] {Threei} don't see news ffor this spike
[14:29] {Threei} be back in 20 min to try and find couple final plays
[14:42] {dino} took hours but out hitk .05 +.55
[14:49] {Threei} back
[14:49] {Threei} nice one dino
[14:50] {dino} ty not much going on
[14:53] {Threei} tell me about it
[14:53] {Threei} my coma is twice as deep today
[14:54] {Threei} eve wife noticed I don't hear her speaking on 2nd minute, and usually I manage to fool her for about 5
[15:03] {Threei} Long Setup: GRMN .90 break
[15:11] {Threei} Long Setup: TZA .85 break
[15:11] {Threei} stop under .80
[15:18] {Threei} The Goldman Sachs Group Inc Said to be evaluating launch of wholesale trading unit; Credit Suisse also said to be considering the idea - financial press
[15:18] {Threei} what's that?
[15:19] {Threei} rinses are abound today
[15:24] {dino} calling it a week, thx all
[15:26] {Threei} take care dino
[15:26] {patience} have a good weekend, party time for me
[15:27] {Threei} still have to get a few cents from GRMN for party
[15:52] {Threei} (EU) ECB's Draghi said to be evaluating ways to distance the ECB from European politics- Draghi feels forced into more political roles due to lack of a response from Govts
[15:52] {Threei} out GRMN with little scalp
[15:53] {Threei} OK guys, thank you, have a good weekend
[15:53] {Threei} see you Monday
[15:56] {patience} ty vad
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