Nemo's Findings week of 01/20/2012

(Course on chart pattern recognition is available now: http://www.realitytrader.com/111trades.html

Well,the beat goes on....up and up and up we go...Indexes closed at the highs, and actually continued on after the close.  With the inauguration on Monday, we likely gap up on Tuesday.  Here are the charts from the past week.  The shaded areas are places I plot where there is approximate confluence between levels:

The VIX just continues to drift lower, nobody feels the need to hedge.  You can almost feel the euphoria building. Economic news has continued to be nominal to good.  A few hiccups here and there so far on earnings, but generally they've been good.  From the short term trading point of view, everything is hunky-dory.   We get gap ups every few days that create overbought conditions, then we get a few days of sideways action to correct through time.  So, what can go wrong...

In the short term, we have the debt ceiling issue.  Kabuki theater if you ask me.  Republicans are neutered, walking around with their tail between their legs.  I always say the best political solution is usually not the best operational solution.  Given their political leverage (which is nil) the best political solution would be to give in to the democrats and let them do what they want, because the majority of the US wants what the democrats want.  It's that simple.  As Churchill said, best argument against democracy is a 5 minute conversation with the average voter.  We are a relatively socialistic nation that taxes as if we're capitalistic.

So, in the short term, nothing should derail the market fundamentally, other than garden variety corrections.  This market has been correcting through time as opposed to price, that is really strong.  The only thing easily visible on the horizon is the Feds recent commentary that withdrawing "stimulus" may be sooner than later, but what happens to the markets when they try to withdraw?  How can we afford to finance our debt if interest rates increase?  This whole period has been an experiment that is not yet ended.

Now does that mean something more immediate can't manifest and cause problems?  Of course not.  Well, here's the week that is...

Market Week Wrap-up

Equities Push Higher On Better Data, Decent Earnings, Potential Debt Ceiling Truce


- US equities drifted higher this week as decent US earnings, some good economic data and a de-escalation of tension on the debt ceiling front inspired confidence. The S&P500 and the DJIA both pushed out to fresh five-year highs, while the Russell 2000 and the Dow transports index marked all-time highs. Conversely, the VIX index moved below 13 for the first time since 2007; one trader mentioned that participants are "scrambling for upside protection now." After gathering for a leadership conference this week, the House Republicans offered a consolatory proposal that would push back the debt ceiling for three months while the spending component of the fiscal cliff battle was settled. The December beige book report indicated that the economy expanded modestly in the final month of 2012. The initial jobless claims fell to levels last seen in January of 2008. December housing starts were much better than expected, with huge gains seen in multi-family construction. US retail sales continued their slow but steady gains in December, reflecting the strong individual SSS reports out at the beginning of the month. In Europe, bailout nations continued to see decent results from the sale of sovereign debt across the curve, further suggesting that the European debt crisis has been brought under control. US Treasury yields remain near recent multi month highs as investors continue to ask if this could be the beginning a long term migration into stocks. For the week, the DJIA rose 1.2%, the S&P 500 gained 0.9% and the Nasdaq tacked on 0.3%.

- The Congressional Republicans appear to have listened to more reasonable voices in the party and concluded that an immediate clash with the White House over the debt ceiling would be a losing proposition. Coming into the week there were reports that the party would be willing to risk a government shutdown to push its agenda in the debt ceiling negotiations. Then on Friday, House Speaker Boehner offered a new strategy for dealing with the issue: a budget must be passed before the debt limit is increased, and the House will offer a three-month extension of the debt limit with the condition that the bill will obligate the Democrat-controlled Senate to lower spending levels. During the debt ceiling negotiations last August, the Obama Administration repeatedly rejected any short-term extensions of the debt limit. However the White House seems interested in playing ball this time around. Later on Friday, White House Spokesman Carney said the administration is encouraged by the proposals, but emphasized that the House must pass a 'clean' debt ceiling increase that is free of conditions. The House may move to pass the increase as soon as next week.

- Goldman Sachs, JPMorgan and Morgan Stanley reported excellent results in Q4 reports this week. Both Morgan Stanley and Goldman widely beat expectations, with both earnings and revenue well ahead of estimates. Very strong investment banking business drove good results at both banks. JPMorgan also reported good results in the quarter, with profits up a bit more than 50% y/y. Bank of America and Citigroup had more problematic Q4 reports: Citi's EPS was well below expectations after taking into account huge legal costs and corporate restructuring charges while BoA was weighed down by the recently announced $5B in MBS repurchase charges.

- Among other notable earnings reports this week, General Electric largely met expectations and reiterated its FY13 forecast. The firm's backlog returned to record-high levels by the end of the quarter and CEO Immelt talked a lot about solid emerging market demand, especially from China. Share of Intel tanked as the firm reported that its gross margins continued to shrink. American Express's Q4 results were right in line with their preliminary Q4 numbers out a week ago, although the firm disclosed that US and international card services net income fell sharply on a y/y basis, even as revenue grew.

- Trouble with the Boeing 787 Dreamliner was in headlines all week. The FAA and the Japanese and European air safety regulators grounded the 787 fleet until further notice. Operators will have to prove that the new plane's battery systems are safe before the planes fly again. Reports suggest that the problem is in the backup battery system, where voltage exceeding the design limit was applied to the batteries designed by GS Yuasa Corp.

- EUR/USD maintained a steady tone this week despite some soft European economic data. The pair traded between 1.3255 and 1.3400 after another round of peripheral bond auctions delivered solid results. Analysts pointed out Spain's sale of long-term bonds with lower yields and good demand on Thursday as reinforcing confidence in Madrid's ability to finance itself for now. Portugal also appears ready to rejoin debt markets after the cabinet said they were allowing the IGCP to issue debt. There were press reports that European banks are beginning to repay their three-year LTRO loans from the ECB, a move which is being seen as a possible catalyst that would push up both Eonia and EUR. EUR/USD hiccupped midweek after outgoing Eurogroup head Juncker warned about tolerating an excessively high euro FX rate, although the move was retraced when ECB Governor Nowotny refuted Juncker's claim and said there is no long-term uptrend in the cards for the euro.

- The yen saw some retracement early in the week as dealers latched upon comments made by new Japanese Economy Minister Amari, who said the yen had come to a good level (USD/JPY was around 90 and EUR/JPY was around 120) and that further declines could harm the economy. After taking criticism for the remarks, Amari claimed his statements had been misinterpreted and pointed out he never said that ¥100 level was a turning point. Japan PM Abe's Economic Adviser Hamada helped the pair test above the 90 handle after saying USD/JPY at ¥95 or ¥100 was not a problem and would not cause an inflation scare.

- On Friday China released GDP data for Q4 and 2012, as well as December output and retail sales reports, all of which beat estimates by slim margins. China's +7.9% GDP growth rate in Q4 was an improvement from Q3's +7.4% rate (a 3.5 year low), although the 2012 full-year GDP figure of +7.8% marked China's lowest rate of growth since 1999. The China Stats Bureau put a positive spin on the figure, asserting that annual GDP growth of +7-8% would be a good balance to end the period of "super rapid growth."


 TradeTheNews

Jan 18 2013

Trading before the long weekend is often boring as no one wants to commit too much, and today was not any different. Slightly positive and very inactive.



Session Time: Fri Jan 18 00:00:00 2013
[09:03] {scottie} just dropping by to say hello
01[09:03] {Threei}  hey scottie
[09:03] {scottie} wife in hospital again, spent most of the week there
[09:03] {scottie} she's better now, I should be back monday
01[09:03] {Threei}  sorry to hear... hope she gets better
01[09:03] {Threei}  best wishes
[09:03] {scottie} have a great weekend all.
[09:03] {scottie} tks
01[09:03] {Threei}  you too
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
[09:17] {jdetente} gm
01[09:17] {Threei}  jd :)
[09:18] {nemo} scottie...you should be back Tuesday I believe
01[09:18] {Threei}  ?
[09:18] {nemo} MLK day Monday
01[09:19] {Threei}  oh
01[09:19] {Threei}  we canucks never remember this one
[09:19] {nemo} as a rule only american people of color do to
[09:20] {nemo} interesting... you have to use those words in that order with a preposition to be PC.
[09:20] {dino} lol
[09:20] {nemo} Da Komrade?
01[09:22] {Threei}  I just saw somehting that made me think that's how nemo meditates:
01[09:22] {Threei}  When you get angry, count to ten... when you get to eight, throw a punch, nobody expects that
[09:23] {ese} morning
01[09:23] {Threei}  ese :)
[09:24] {nemo} cof
[09:24] {nemo} sorry
[09:24] {ese} anyone want to take my calculus 11 exam this morning
01[09:24] {Threei}  let's check my thoery... ese, do you know we have day off this Monday?
[09:24] {nemo} looking for cof to bottom 56.50 area
[09:25] {cc_8} Among companies with shares expected to trade actively in Friday’s session are Morgan Stanley MS +1.01% (MS) Sony Corp. 6758.TO +12.21% (SNE, 6758.TO) and Intel Corp.'s INTC +2.51% (INTC).
[09:25] {cipher} gm
[09:25] {ese} no.......am too busy organizing 3 tours....2 to europe and one to Memphis to think about other schedules
[09:25] {nemo} damn had alert in at .60 and it bounce there
01[09:25] {Threei}  see? no canuck has the slightest idea
[09:25] {ese} what are we talking about.......
01[09:26] {Threei}  Monday is day off
01[09:26] {Threei}  so you don't wake up early, only to find you are alone in the room :)
[09:26] {ese} maybe for you all
[09:27] {nemo} in .48
[09:27] {nemo} COF
01[09:28] {Threei}  this exchange cracked me up
01[09:28] {Threei}  [15:51] {nemo} dp...it's from a cartoon when I was a kid
01[09:28] {Threei}  [15:54] {dptl} you were a kid?
01[09:28] {Threei}  [16:03] {nemo} hatched
[09:28] {nemo} 1/2 out .81
[09:29] {ese} lol
[09:29] {ese} thats funny
[09:29] {ese} thats a nemo crack dejour
[09:29] {nemo} bailed on the second half
[09:29] {nemo} baled
01[09:32] {Threei} Long Setup:  MS  .10 break hl
01[09:33] {Threei}  If holds  .95
01[09:35] {Threei}  no
01[09:35] {Threei}  who unplugged the market?
01[09:35] {Threei}  no news
[09:36] {nemo} profit taking
[09:36] {dptl} gm
01[09:36] {Threei}  dp
01[09:36] {Threei}  ah, I see
01[09:36] {Threei}  (US) Sees 2013 US new home sales +22% y/y, existing home sales +7% y/y- 'Most housing macros continue to grow, helped by favorable affordability and buyer psychology
01[09:37] {Threei}  good news, market down
01[09:37] {Threei}  less odds of the next injection
[09:37] {nemo} Op Ex week profit taking
[09:37] {dptl} fast .50 short?
[09:38] {cipher} soda l .45
01[09:38] {Threei} Short Setup: FB  .30 break
01[09:38] {Threei}  If holds  .35
[09:38] {nemo} watch for COF retest
01[09:39] {Threei} Long Setup:  CAT  .70 break hl
01[09:39] {Threei}  If holds  .60
[09:39] {nemo} short MS .90 stop above .00
[09:39] {cipher} WDC L .90
01[09:40] {Threei}  half out FB
01[09:40] {Threei}  stop to .31
[09:41] {cipher} amgn l .74
[09:41] {nemo} this ain't going fast enough for me
[09:41] {nemo} stop to .96
[09:42] {nemo} c'mon you frickin' pisdah!
[09:42] {dino} cof hl l .80
01[09:43] {Threei}  no go CAT
[09:43] {nemo} verdammmte Aktien!!!
[09:43] {cipher} out soda .80 +.35
[09:43] {cipher} cof +.18 thx dino
[09:45] {dino} cof to b/e
[09:46] {cipher} penn l .00
[09:46] {thomcbell} long small aig here with 34.99 stop
[09:47] {cipher} MNST L .22
[09:48] {thomcbell} lvs 0.75 break long vad?
01[09:48] {Threei} Short Setup: FCX  .30 break
01[09:48] {Threei}  If holds  .35
[09:48] {nemo} spy at pivot
01[09:49] {Threei}  I wouldn't tbell
[09:49] {cipher} out MNST .88 +.66
[09:51] {dino} out cof .14 +.34
[09:54] {dino} 07 red
[09:54] {cipher} out wdc .00 +.10
01[09:54] {Threei}  *(US) JAN PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 71.3 V 75.0E
[09:54] {cipher} vrtx l.61
01[09:55] {Threei}  FCX half out
[09:57] {cipher} urbn l .55
[09:58] {cipher} out vrtx .74 +.13
[09:58] {ese} L mas .74
[09:59] {ese} I'm confessing..........i'm taking blood enhancing drugs to be able to breath easier to better asses stock performance for profit..........there...........I'm out...........got a call from Oprah the other day to
[10:00] {thomcbell} evening the playing field with Vad
[10:00] {jdetente} ese, are you also missing part of your anatomy??
01[10:01] {Threei}  since when vodka doesn't work...
[10:01] {ese} the blood doping consisted of a heavy dose of Belgian "GRIMBERGEN" beer every friday
[10:01] {cipher} out urbn .67 +.12
[10:01] {ese} lol
[10:02] {ese} I might be.........which part are you referring to jd
01[10:02] {Threei}  this reminds me... "-Have you heard? British scientists discovered chocolate increases happiness fctor by 24%! --Hmmm... Did they try vodka?"
[10:02] {jdetente} lol...ask Lance
[10:02] {ese} lol
01[10:03] {Threei}  die already, FCX
[10:03] {ese} no .....but i've done chocolate ALONG SIDE vodka
[10:03] {cipher} ipgp l.75
[10:03] {ese} it's awesome.........although ...i still preferr wine and chocolate
[10:04] {cipher} expe l..15
[10:04] {ese} daaaaaaaaaaa mas
[10:04] {ese} get up there
[10:05] {thomcbell} nice miss there on lvs vad
01[10:05] {Threei}  miss?
01[10:05] {Threei}  you wanted .75 long, right?
[10:06] {thomcbell} yup - i am still interested in a long at some point in the name
[10:07] {cipher} out ipgp .12 +.37
[10:07] {thomcbell} nice pattern in nov
[10:07] {thomcbell} but market very wishy washy
01[10:07] {Threei}  still looks not ready for reversal to me
[10:08] {thomcbell} long setup lvs 52.47 break if holding 52.39
[10:08] {dino} ggc hl l .00
[10:09] {thomcbell} lv s invalidated immediately
[10:11] {thomcbell} still valid with 52.38 holding
[10:11] {cipher} IPGP L.50
[10:11] {cipher} OUT .60
01[10:12] {Threei}  finally lost .20, FCX
[10:12] {cipher} out expe .20 +.05
[10:14] {cipher} rue l .16
[10:17] {thomcbell} lvs looks like a short setup now
[10:17] {dino} ggc stop -.25
[10:18] {cipher} GGC L.66
01[10:19] {Threei}  ok, closing FCX here
01[10:19] {Threei}  almost 1:2
[10:20] {thomcbell} wow that was a quick 1:2 on the lvs short break
[10:20] {cipher} out ggc.80 +.14
[10:23] {cipher} GGC L .52
[10:24] {nemo} does that stock trade...sheesh
01[10:25] {Threei} Short Setup: SLW  .30 break
[10:25] {nemo} if it doesn't trigger look to short .45 area
[10:26] {cipher} out GGC .69 +.17
[10:28] {thomcbell} wow fb
[10:29] {dptl} slw stop .37?
[10:29] {dino} mnst hl l .45
01[10:30] {Threei}  yeah
01[10:35] {Threei}  slow market this morning
01[10:35] {Threei}  canadian dollar hit hard
01[10:35] {Threei}  (thank goodness)
01[10:35] {Threei}  not sure I see why
[10:38] {dino} mnst stop -.30
[10:40] {dino} clc hl l .34
[10:46] {cipher} MNST L .66
[10:47] {dino} ntct hl l .94
[10:50] {thomcbell} long setup lvs 52.12 break if holding 52
[10:50] {thomcbell} target is 1:2
01[10:57] {Threei}  IF SPY LOSES LOW, I'D HAVE NO PROBLEM SHORTING LVS 52 BREAK
01[10:57] {Threei}  oops, sorry caps
[10:58] {thomcbell} i thought you were getting adamant with me
[10:59] {thomcbell} admonishing
[11:00] {nemo} actually thom, he just sent me your address
[11:03] {dptl} slw stuck
[11:04] {cipher} klac l .53
[11:08] {thomcbell} oof
[11:10] {thomcbell} im cutting this lvs in half at 52.09
[11:10] {dino} cof hl l .70
[11:10] {thomcbell} -.03
[11:13] {dptl} out flat  slw
[11:14] {thomcbell} flat lvs
[11:14] {thomcbell} too random
01[11:14] {Threei}  ok SLW, he is out. Let's drop now
[11:15] {thomcbell} big cup forming on fb on the other hand
[11:19] {dino} jcp spike
[11:20] {cipher} jcp s. 62
[11:21] {cipher} cov .37 thx dino
[11:21] {nemo} whr
[11:21] {nemo} sorry
[11:30] {dino} np gj
[11:45] {dino} clc to .04
[11:45] {dino} out clc +.70
[11:52] {dino} cof stop -.22
01[11:54] {Threei}  SLW half out
06[11:55] * Threei is slanting at dp
[11:55] {dptl} :)
[12:02] {dino} tgi spike
[12:02] {dino} hl s .20 ave
[12:05] {nemo} 69.40 is 50% on tgi
[12:08] {dino} ty
[12:09] {dptl} vlo .40 short?
01[12:09] {Threei}  yes
[12:10] {goryl} u taking it vad
01[12:10] {Threei}  yes
[12:13] {nemo} if that triggers might as well try riding it to the whole
[12:23] {dino} cof hl l .45
[12:25] {Will49} Aloha
01[12:25] {Threei}  hey will!
[12:25] {nemo} Ahole
01[12:25] {Threei}  how does it go?
[12:26] {Will49} awesome
[12:26] {dino} cool
01[12:26] {Threei}  careful with sharks, will ya
[12:26] {dino} out ntct flat
[12:27] {Will49} Yah, will do....Just checking in to keep my IRC settings current
01[12:27] {Threei}  :)
[12:29] {dino} tgi trades odd, bstop is .96
[12:30] {dino} cov +.24
[12:41] {dino} out cof .85, +.40
[12:44] {dptl} jcp .70 long?
[12:45] {dptl} or .60 sh?
01[12:46] {Threei}  not sure
[12:49] {dino} tess drop
[13:02] {thomcbell} im long small nov at 72.21 looking for high of day
[13:02] {dino} ntct hl l .55
[13:04] {dptl} half out jcp.82 went for .70 break
[13:06] {dptl} out all
[13:08] {dptl} got to leave early....have a good weekend all see ya monday
01[13:08] {Threei}  tuesday
[13:08] {dptl} is it?
[13:09] {dptl} long weekend?
[13:09] {dino} ntct stop -.12
[13:09] {dino} opps -.17
01[13:09] {Threei}  yes
[13:10] {dptl} oh Martin Luther... i see ...tuesday then, have a good one
[13:12] {thomcbell} ge looks like a long break
01[13:12] {Threei}  tempting
[13:15] {thomcbell} long it playing by the book - scalping rules
[13:15] {thomcbell} lot of wood to chop here at 22
[13:16] {thomcbell} and thru
[13:23] {thomcbell} fb getting a bit emotional now
[13:51] {thomcbell} selling half nov 72.46
[13:52] {thomcbell} did a bit better because i typed that
[13:52] {thomcbell} lol
01[14:05] {Threei}  lol
[14:05] {thomcbell} looks like a long setup there on fb 29.58 break if holding 29.50 Vad?
[14:05] {thomcbell} daily chart scares me a bit
[14:06] {thomcbell} scaling out of rest of nov
01[14:25] {Threei}  not really delighted by long idea on FB
[14:36] {thomcbell} si
[14:36] {thomcbell} and you be right
[14:39] {nemo} no selling pressure at all
[14:40] {thomcbell} no
01[14:40] {Threei}  jusr drifting everywhere, no pressure either way
01[14:40] {Threei}  no one wants to commit before the long weekend
[14:40] {nemo} finnies haven't got to their pivot yet, we should probably dirft higher into the end of the day
[14:40] {nemo} already committed, look at the vix
[14:41] {nemo} nobody is worried, everybody is long
[14:41] {jdetente} that's scary
[14:41] {nemo} we'll likely gap up on Tuesday
01[14:41] {Threei}  debt ceiling circus will shake them back into reality
[14:42] {nemo} if they don't today they'll have to see if they can test above yesterday's highs
[14:42] {nemo} no, that's kabuki theatre
[14:46] {nemo} Republicans have to cave on that
[14:46] {nemo} they're like puppy dogs running around with their tails between their legs
01[14:47] {Threei}  because they have no guts to say enough
[14:47] {nemo} their a minority that can't do anything
01[14:47] {Threei}  not true
[14:48] {dino} w/o the house, nothing passes
01[14:48] {Threei}  they still have an option not to sign off yet anohter spending bout
01[14:48] {Threei}  they don't have guts to do it
[14:48] {nemo} they can't win the politics on that one
01[14:48] {Threei}  "ah, we will be lamed for this and that"
01[14:48] {Threei}  guess what - they'll be blamed in any case
01[14:49] {Threei}  so might just take a stand and do something good for the country while taking blame anyway
[14:49] {nemo} nah....always lose the shutdown battle, politically they should let the democrats do what they want
01[14:49] {Threei}  they will lose politics if they put a stop to spending, and they will lose politics if they don't
[14:49] {nemo} and just put it in their laps
01[14:50] {Threei}  they did it already over last 4 years, many times
01[14:50] {Threei}  look where it got thenm
[14:50] {nemo} yeah, and when they make a stand, they get killed
01[14:50] {Threei}  not only they lost presidential elections and decreased their numbers in both senate and house,
01[14:51] {Threei}  but for the first time in last 3 years poll shows more trust dems on economy
01[14:51] {Threei}  it goes like this, next midterm they'll lose house
01[14:52] {Threei}  isn't it obvious that they lose PR battle?
[14:53] {jdetente} The Repubs cannot win the PR game...ever
01[14:53] {Threei}  nope... almost by definition
[14:53] {jdetente} they never have...even when Reagan and the Bushes were in power...the next generation was ready to take them out and put in a Democrat
[14:54] {nemo} it's simple, we're becoming Europe
01[14:54] {Threei}  but still, if you look at state level, governor and houses, you see pragmatism taking root in many states
[14:54] {dino} unfortunately nemo
[14:54] {jdetente} when I was in university all of my professors and classmates talked about how much better Europe was/is
[14:55] {jdetente} from a very young age that was the "PR" game
01[14:55] {Threei}  no doubt... capises are wasp nest of lefties
01[14:55] {Threei}  campuses
[14:55] {nemo} detente  where are you?
[14:55] {jdetente} and if you don't tow the line, you're a hater
[14:55] {jdetente} I'm in California. Los Angeles area
[14:56] {nemo} ahhh...California universities...hehehe.  Watch Indoctrinate U on Youtube
[14:56] {jdetente} I'll check it out
[14:58] {jdetente} are you aware of the Chicano student group called Mecha?
[14:58] {nemo} I know about La Raza
[14:59] {jdetente} They are big here. This one of their aims: ‘As Chicanas and Chicanos of Aztlán, we are a nationalist movement of Indigenous Gente that lay claim to the land that is ours by birthright. As a nationalist movement we seek to free our people from the exploitation of an oppressive society that occupies our land. Thus, the principle of nationalism serves to preserv
[14:59] {jdetente}  preserve the cultural traditions of La Familia de La Raza and promotes our identity as a Chicana/Chicano Gente.’
[15:06] {nemo} Hey, doesn't Egypt still owe the Jews for enslaving them during Pharoahs time?
[15:06] {jdetente} lol
[15:07] {nemo} To paraphrase the little corporal, the more I learn about people the more I like bunny
[15:08] {nemo} Hey Dino, who wins Pats or Ravens?  Falcons or 9ers?
[15:09] {thomcbell} Pats and 49ers win
[15:09] {thomcbell} good superbowl
[15:09] {dino} pats and 49ers
[15:09] {nemo} Then the 49ers kill them in the Superbowl
[15:09] {nemo} unless Belichick has one of his Darth Vader Game plans
[15:10] {dino} pats d cannot stop him
[15:10] {nemo} nope, and no Gronk this time either
[15:10] {nemo} although, Pats CB Talib was injured last 9ers game
[15:11] {nemo} he's best cover guy they have
[15:13] {nemo} not sure I've ever seen anybody run an offense quite like Brady
[15:16] {dino} brady one of the best for sure
[15:16] {jdetente} Seattle Niners would've been such a better game than the Falcons
[15:16] {nemo} yeah definitely in the conversation
[15:17] {jdetente} The Niners will kill the Falcons
01[15:18] {Threei}  what was that on PPG
[15:18] {nemo} Points Per Game
[15:18] {nemo} fat finger
01[15:18] {Threei}  (US) White House Spokesman Carney: Administration is encouraged by Republican debt limit proposals, emphasizes that the House must pass a clean debt ceiling increase that is free of conditions***Note that the statement makes no mention of length of debt limit increase, but it does not express opposition to short-term one. Also note that the proposed Republican House bill would obligate the Senate to pass a budget, which may not make it 'clean'
[15:19] {dino} lol free of conditions. why, because obummer says so
01[15:19] {Threei}  (US) Senate Majority Leader Reid (D-NV): If the House can pass a clean debt ceiling increase bill, the Senate would be happy to consider it***Note that clean likely means "without conditions," while the House bill will obligate the Senate to lower spending levels
01[15:20] {Threei}  (US) House Speaker Boehner (R-OH): Govt needs to pass a budget before the debt limit is increased, House will obligate the Senate to lower spending levels- Notes that there should be no long term debt limit increase before the Senate passes a budget - Separate reports suggest the House will pass a three-month increase in the debt limit to April 15th. Will require a budget to be passed or Congressional pay will be withheld - House Majority Leader Cantor (R-VA): The House will vote next week on a three-month extension of the debt ceiling **Reminder: On Jan 17th, Rep Ryan said the House GOP was discussing the possibility of a short-term debt limit extension. During the debt ceiling negotiations last August, the Obama Administration repeatedly rejected any short-term extensions of the debt limit.
[15:27] {thomcbell} GE 1:1
01[15:28] {Threei}  yep, took a good while but made it
[15:28] {thomcbell} bored to tears
[15:31] {jdetente} alright everyone. That's a day for me. Have a good weekend.
[15:31] {jdetente} Canadians please login Monday morning
01[15:31] {Threei}  have a good one, jd
[15:33] {nemo} yeah, big gap up on Tuesday,
[15:33] {nemo} vixx at lows for the day, people going long over the weekend
[15:35] {nemo} finnies hit pivot
[15:35] {nemo} that might be it
[15:37] {nemo} iwm hit r1, now we'll see if spy goes for the highs
[15:37] {nemo} they're at R1 also
01[15:45] {Threei}  ok guys, this day really bored me to death
01[15:45] {Threei}  let's have long weekend
01[15:45] {Threei}  and come back rested on Teusday
01[15:45] {Threei}  have a good one, OK?
[15:45] {dino} take care 3i

Jan 17 2013

The pleasure of a 100% day... 8 trades, 8 wins, most of them 1:2-ers. Adjusting to the market... again. Go through the calls and put entries and exits on the chart to see how they worked. One of note was HLF long, with nicely nailed reversal. The rest was of garden variety (FB, CAT and whatnot)


Session Time: Thu Jan 17 00:00:00 2013
[08:53] {nemo} call Dino tell him to go back to bed
01[08:58] {Threei}  ok... why the happiness
[08:58] {nemo} jobs report and housing
[08:58] {nemo} or unemployment report actually
[08:58] {nemo} finviz front page has the stuff listed
01[08:59] {Threei}  *(US) INITIAL JOBLESS CLAIMS: 335K V 368KE (lowest since Jan 2008); CONTINUING CLAIMS: 3.214M V 3.150ME- 4-week avg claims: 359.25K v 366Kprior - Prior Initial Jobless Claims revised higher from 371K to 372K - Prior Continuing Claims revised higher from 3.109M to 3.127M **Note: the 37K m/m drop in the Jobless Claims headline is the biggest drop since Feb 2010
[09:01] {nemo} they'l have to break the 2012 high that's 148.11
[09:04] {nemo} spy stop hunt, now we should go back up
[09:05] {nemo} and I thought regs said BBBO only, how do they do that (wink, wink)
[09:06] {nemo} go back to bed dino
[09:07] {dino} gm
01[09:07] {Threei}  dino :)
[09:11] {nemo} can I change my prediction?
[09:12] {cipher} gm
01[09:12] {Threei}  cipher :)
[09:12] {nemo} you sure cipher?
01[09:12] {Threei}  prediction about what nemo?
[09:12] {nemo} stop hunt...anyway
[09:13] {nemo} I've created a monster out of bunny
[09:13] {nemo} I've got these treats for her...she frickin' hounds me all night while I'm trying to sleep
[09:14] {nemo} frickin' whiskers rubbing up against my face...hear that little nose sniffin'...hoppin' back and forth over me...sheesh
[09:14] {dino} lol
[09:21] {ese} finally.....
01[09:22] {Threei}  ese :)
[09:22] {ese} can't wait til the end of next week
[09:22] {ese} schedule change for me
[09:23] {ese} well hows it goin.........everyone filthy stinking rich yet?
01[09:23] {Threei}  except nemo's bunny
[09:23] {ese} lol
01[09:23] {Threei}  she is too busy hoppin' back and forth over him
[09:23] {ese} huh
[09:24] {ese} what nemo been up to
[09:24] {ese} odd behavior for an educated man
[09:25] {nemo} ?
[09:25] {ese} having bunny rabbits jumping all over you
[09:26] {nemo} 1 bunny rabbit
[09:26] {nemo} it has no idea how good a life it has.  How many bunnys you see stretched out relaxing out in the wild?
[09:26] {ese} lol
[09:27] {ese} welllllllll.............ahhhhhhhhh
[09:27] {ese} can't think of one off hand
01[09:27] {Threei}  that's because eagles see them first
[09:28] {jdetente} gm all
01[09:28] {Threei}  jd :)
[09:28] {ese} jd
[09:28] {ese} wellcome to the board
[09:29] {jdetente} thanks!
[09:29] {jdetente} glad to be here. great community
[09:30] {nemo} don't get out much, do ya' pal?
[09:30] {ese} definitely...........thats what i like about it
[09:30] {jdetente} lol
01[09:30] {Threei}  lol
[09:30] {ese} not to mention the free food at vads house
01[09:31] {Threei}  free?? that's only because you forget the pay the bill at the exit every time!
01[09:31] {Threei} Short Setup: FB  .30 break hl
01[09:31] {Threei}  If holds  .35
01[09:31] {Threei}  change to ,35 break
01[09:32] {Threei}  If holds  .40
01[09:32] {Threei}  target 1:2
[09:33] {dptl} gm
01[09:33] {Threei}  dp :)
01[09:34] {Threei}  1:1
01[09:35] {Threei}  1:2 close enough, out
[09:35] {dino} cbs
01[09:39] {Threei} Short Setup: C  .10 break
01[09:39] {Threei}  If holds  .20
[09:39] {dino} cbs hl s .92
[09:39] {cipher} UNXL l.66
[09:42] {dino} cbs stop -.20
[09:42] {dino} rinsed
[09:46] {cipher} ibb  l .59
[09:48] {thomcbell} aig good relative strength amid weak financials
01[09:49] {Threei} Long Setup:  HLF  .90 break sm sh
01[09:49] {Threei}  If holds  .80
01[09:50] {Threei}  target 43.30
01[09:50] {Threei}  1:2.5
01[09:51] {Threei}  dino/cipher territory
01[09:52] {Threei}  out .28
[09:52] {dino} gj
01[09:53] {Threei}  ty
[09:53] {cipher} out ibb .80 +.21
[09:57] {cipher} out unxl .00 +.35
[09:58] {cc_8} Among companies with shares expected to actively trade in Thursday’s session are Citigroup Inc. (C), Herbalife Ltd. (HLF) and CBS Corp. (CBS).
[09:59] {cc_8} Overnight action: Rio Tinto CEO steps down; Nokia cuts more jobs; China begins to lose edge as world’s factory floor
[09:59] {cipher} soda l .12
[09:59] {cc_8} Earnings: Bank of America, BB&T, BlackRock, Briggs & Stratton, Capital One, Citigroup, Fifth Third, Huntington Bancshares, Intel, PNC Financial, UnitedHealth
01[10:00] {Threei}  *(US) JAN PHILADELPHIA FED: -5.8 V 6.0EComponents: - Prices Paid: 14.7 v 27.8 prior - New Orders: -4.3 v +10.7 prior }- Employment: -5.2 v +3.6 prior
01[10:01] {Threei} Long Setup:  AIG  .65 break
01[10:02] {Threei}  If holds  .55
[10:03] {cipher} out soda .61 +.49
[10:03] {dino} gj
[10:03] {cipher} ty
[10:06] {dptl} len .40 long?
01[10:07] {Threei}  hl
[10:07] {thomcbell} darn good entry on hlf - perfect combo of capit plus vad setup
01[10:07] {Threei}  ty
[10:07] {goryl} u taking it vad?
01[10:07] {Threei}  I have my moments
01[10:07] {Threei}  LEN? yeah, if holds above .30
[10:08] {jdetente} look at HLF go
01[10:10] {Threei}  1:1
[10:12] {cipher} hlf l .37
[10:12] {cipher} out .49
[10:12] {cipher} unxl l. 95
[10:14] {nemo} ese, just sent you an email
[10:14] {cipher} HLF L .24
[10:14] {nemo} fdx at support
[10:14] {cipher} OUT HLF .46
[10:15] {dptl} mro .80 long?
[10:15] {goryl} Vad, ty ty ty and ty for 4 staight wins:)
01[10:15] {Threei}  1:2, out
01[10:15] {Threei}  you are very welcome :)
[10:15] {cipher} out UNXL .24 +.29
01[10:16] {Threei}  MRO, hl
[10:16] {ese} L swks .71
01[10:16] {Threei}  chart's good but it can shake out easily
[10:17] {dptl} out len .68
01[10:17] {Threei}  wtg
01[10:17] {Threei}  and nemo wanted us to go home
[10:17] {nemo} no...dino
01[10:17] {Threei}  gap up and all that
[10:20] {cipher} HLF S .79
[10:20] {cipher} cov .64
[10:22] {cipher} HLF L.29
[10:23] {nemo} vrsn looks short but RR not good
[10:23] {cipher} out hlf .45
[10:24] {cipher} I think I'm done with HLF
[10:24] {cipher} don't like the company anyway
01[10:24] {Threei}  "don't like"? If I had any emotions about companies, this one I'd passionately hate
[10:25] {cipher} :)
[10:25] {nemo} I think about HLF the way I think about Scientology
[10:25] {nemo} and ese
01[10:25] {Threei}  I don't like those selling crap, and I don't like multilevel marketing - and this one does both!
[10:26] {dino} what are you trying to say?
[10:26] {nemo} he always dances around things..
[10:26] {nemo} mealy mouth
[10:26] {nemo} wishy washy
01[10:27] {Threei}  sugarcoating, as always :)
[10:27] {nemo} you must be one of those lefty liberals
01[10:28] {Threei}  1:1 MRO
[10:28] {dptl} no fill
[10:29] {dptl} now it is :)
01[10:30] {Threei}  I just might be... seeing a tree, I usually hug it...
01[10:30] {Threei}  some meanies said it's an attempt tpo maintain balance while drunk
01[10:30] {Threei}  but they are just that... meanies
[10:34] {dino} dci hl s .50
01[10:34] {Threei}  1:2 close enough, out
[10:35] {dino} ntct hl l .34
[10:38] {cipher} DECK L .02
[10:39] {cipher} out deck .17
[10:44] {thomcbell} looking for a long setup on fcx near 34 - gap fill and prior resistance becoming support
[10:51] {dptl} jcp  short?
01[10:52] {Threei}  .65 break... yeah
[10:55] {dino} nctc stop -.28
[11:00] {thomcbell} i gotta a run for the day guys
[11:00] {thomcbell} trade well
01[11:01] {Threei}  take care tbell
[11:03] {cipher} hlf l .10
[11:03] {cipher} out .24
[11:03] {cipher} done for the day
01[11:03] {Threei}  lol
01[11:04] {Threei}  have fun cipher
01[11:11] {Threei}  covered JCP yet?
[11:11] {dptl} half yes .57
01[11:11] {Threei}  :)
[11:13] {dptl} out
[11:15] {dptl} clf .45 long?
01[11:16] {Threei}  nah
01[11:16] {Threei}  breakouts... lunchtime...
01[11:17] {Threei}  want a slap by nemo?
[11:17] {dptl} no no :)
01[11:17] {Threei}  nemo is bitterly didappointed
[11:25] {dptl} cam long?
01[11:27] {Threei}  .75 break, yeah, but keep it hl
01[11:27] {Threei}  with stop under .65
[11:28] {dptl} ok
[11:29] {dptl} mro .95 l ?
01[11:31] {Threei}  cam't tell
01[11:35] {Threei}  1:1 CAM
01[11:36] {Threei}  that's what, 7 for 7? let's go home
[11:36] {jdetente} great trading today!
[11:37] {jdetente} my only regret is that I missed that HLF call :(
01[11:38] {Threei}  volatile stocks like that can be tough to execute...
[11:40] {dptl} under .80 for balance for me cam
[11:59] {jdetente} JCP continues to wind it's way down
[12:08] {dptl} clf .35 long?
[12:08] {dptl} no
[12:09] {nemo} vwap at .18
[12:09] {dptl} ye
[12:10] {dptl} deck .60 long ?
[12:12] {nemo} no opinion
[12:12] {nemo} market weakening
[12:30] {dptl} big .55 short?
01[12:31] {Threei}  nah, no volume
[12:32] {dptl} k
[12:35] {dptl} jcp looking for long entry now
[12:36] {dptl} may be .20 break with stop under .10?
01[12:36] {Threei}  look at level 2 and T&S
01[12:37] {Threei}  does it look to you like actively trading stock?
01[12:37] {Threei}  or jellyfish hanging from a flagpole with no wind?
[12:39] {dptl} ye.....somewhat
[13:14] {dptl} ges .90 short?
01[13:19] {Threei}  can't tell, too slow
[13:19] {dptl} k
[13:30] {dptl} seems to me like it gets slower and slower every day....is market waiting for something?
01[13:30] {Threei}  debt ceiling battle
[13:30] {dptl} oh..ok
[13:46] {dino} i agree dp
[13:50] {dptl} got fast .88 long just 100 sh
[13:53] {dptl} out .17
[13:54] {dptl} free bottle of stoly :)
[13:54] {dino} lol
[13:54] {dptl} :)
[13:55] {dptl} too soon could of have two bottles :)
01[13:56] {Threei}  holy mackerel
01[13:56] {Threei}  http://fstoppers.com/new-5d-mark-iii-box-arrives-full-laminate-flooring-no-camera
[14:03] {nemo} animal spirits today
[14:20] {dino} ntct hl l .50
[14:30] {dptl} big spike
[14:31] {dptl} for you Dino to take a look :)
[14:32] {dino} hmm
01[14:33] {Threei}  LVS dump
[14:34] {dino} big hl s .99
[14:40] {dino} \thx dp. cov big .19, +.80
[14:40] {dptl} :) yw...amazing
01[14:41] {Threei}  LVS 30 cents bounce
[14:48] {dino} big going up again
01[14:52] {Threei} Short Setup: CAT  .90 break
01[14:52] {Threei}  If holds  96
[15:00] {dino} yen drop, fxy
01[15:21] {Threei}  1:1
01[15:22] {Threei}  8 for frikin 8
[15:24] {dptl} half out cat ty
[15:28] {dino} out ntct .62, +.12
[15:29] {dino} gotta hop. thx all & gn
01[15:32] {Threei}  take care dino
[15:38] {dptl} that"ll do it ..out cat .71 ty
[15:38] {dptl} gn see ya tomorrow all
01[15:39] {Threei}  take care dp
01[15:39] {Threei}  let's finish on this guys, 100% day
01[15:39] {Threei}  have a good evening, see you tomorrow
[15:40] {dptl} yep 100%
[15:40] {nemo} yippeee yappeee yahoooieeeee
[15:40] {nemo} oh shit....flashbacks
06[15:40] * dptl slaps nemo around a bit with a large trout
[15:45] {jdetente} have a good day everyone. great trades

Jan 16 2013

Small stops, bigger wins - a small but profitable day overall


Session Time: Wed Jan 16 00:00:00 2013
[09:10] {goryl} gm
01[09:11] {Threei}  morning goryl
[09:12] {cipher} gm
01[09:12] {Threei}  cipher :)
[09:23] {jdetente} gm all
01[09:23] {Threei}  jd :)
[09:26] {dptl} gm
01[09:26] {Threei}  dp :)
01[09:28] {Threei}  FB nosedive
01[09:31] {Threei} Short Setup: FB  .15 break hl
01[09:31] {Threei}  If holds  .25
[09:32] {dino} gm. running late, 4" snow last night
01[09:32] {Threei}  wow
01[09:33] {Threei}  first cherry blooms here...
[09:33] {thomcbell} rimm obviously has the answer to equity bulls
01[09:33] {Threei}  1:1
[09:33] {thomcbell} for rather
[09:34] {cipher} +.18 FB thx
01[09:34] {Threei}  yw
01[09:34] {Threei} Short Setup: SLW  .25 break hl
01[09:34] {Threei}  FB 1:2, out
[09:35] {dptl} out fb ty
01[09:35] {Threei}  :)
01[09:35] {Threei}  SLW stop .33
[09:37] {cipher} mnst l .24
01[09:37] {Threei} Long Setup:  WFC  35 break
[09:37] {cipher} fisv l .97
01[09:37] {Threei}  If holds  .95
01[09:38] {Threei}  SLW stop to .31
[09:40] {cipher} srpt l.87
[09:41] {cipher} out .18
[09:41] {cipher} out fisv .12 +.15
[09:42] {dino} gj
[09:42] {dino} gj
[09:43] {cipher} out mnst .40 +.16
[09:44] {cipher} ebay l .10
[09:44] {dptl} dg .86 long?
01[09:45] {Threei}  out SLW
[09:45] {cipher} out ebay .30 +.20
[09:45] {dptl} invalidated dg
[09:47] {cipher} IBB L .02
01[09:48] {Threei} Long Setup:  CAT  .20 break hl
01[09:49] {Threei}  1:1 but I doubt you could get
[09:49] {thomcbell} long setup dell 12.72 break if holding 12.62
[09:49] {thomcbell} a bit late
01[09:50] {Threei}  DELL... I dunno about long on it, analysts put buyout price at 13-13.50
01[09:50] {Threei}  no room for run
[09:50] {thomcbell} ok thanks
01[09:50] {Threei}  CAT 1:2... grrr
[09:51] {jdetente} we're still in WFC?
[09:51] {dino} ann hl l .95
01[09:51] {Threei}  no
01[09:51] {Threei}  lost .95
[09:52] {jdetente} ok thx
01[09:54] {Threei} Long Setup:  BA  .40 break hl
01[09:55] {Threei}  If holds  .30
01[09:55] {Threei}  Invalidated
[09:57] {dino} out ann +.21, +.26
[09:58] {thomcbell} BA makes me think of the Charles Grodin scene from  Midnight Run when he flips out about "these things go down, its too big"
01[09:58] {Threei}  lol
[09:59] {dptl} dg .40 short?
[09:59] {cipher} PENN L .05
01[09:59] {Threei}  frikin BA
01[09:59] {Threei}  no
01[09:59] {Threei}  oh, and frikin CAT
[10:01] {cipher} out IBB .24 +.22
[10:01] {cipher} gpor l .83
[10:01] {thomcbell} lvs looks like a short setup here 51.92 break if holding 52
[10:03] {cipher} veco l .58
[10:05] {thomcbell} and splk looks two sided - 32.93 or 32.85
[10:05] {dptl} alny .30 long?
01[10:05] {Threei}  hl
[10:05] {dino} ggc hl l .36
[10:06] {cipher} out penn .16+.11
[10:06] {goryl} u taking it vad?
[10:07] {thomcbell} lvs invalidated
01[10:07] {Threei}  nah, not my cap of tea
01[10:07] {Threei}  invalidated anyway
[10:08] {dino} bco hl l .01
01[10:08] {Threei} Short Setup: RIMM  .20 break
01[10:08] {Threei}  If holds  .30
[10:10] {thomcbell} splk 1:2 on short
[10:11] {dino} gj
[10:11] {goryl} not shorable rimm
[10:11] {dptl} rimm not available
01[10:12] {Threei}  grrr
[10:12] {jdetente} I got it
[10:15] {cipher} ggc +.26 thx dino
[10:16] {dptl} clf  36 sh?
[10:16] {cipher} veco stopped .56 -.01
01[10:16] {Threei}  yes, hl
01[10:16] {Threei}  nice setup
[10:17] {dino} ggc to .67
[10:17] {dino} out ggc +.31
[10:17] {cipher} gpor stopped .76 -.07
[10:21] {thomcbell} splk 1:4
[10:21] {cipher} nflx l .04
[10:21] {thomcbell} stop to 32.51
[10:22] {cipher} out .nflx .35 +.31
[10:23] {thomcbell} cleaning up rest of splk here at 32.40
01[10:23] {Threei}  RIMM is getting there for you, jd
01[10:23] {Threei}  wtg tbell, beautiful play
[10:24] {cipher} AFFY L .22
[10:25] {thomcbell} interested in a long setup a bit further down from here
[10:25] {thomcbell} in splk
[10:25] {jdetente} got my scalp
[10:25] {jdetente} ty!
[10:25] {dino} clro hl s .77
[10:26] {cipher} out affy .25 +.03
01[10:26] {Threei}  yw
01[10:26] {Threei}  1:2 on horizon
[10:27] {jdetente} I took .15
[10:28] {nemo} wow a .70 range in tna...wake me up later
[10:28] {goryl} vad, u in clf?
[10:28] {cipher} LQDT L .65
01[10:29] {Threei}  yes bit it's annoying
[10:30] {cipher} out lqdt .77 +.12
[10:31] {thomcbell} darn splk
[10:32] {thomcbell} i guess that was the play 32.50 long break
[10:32] {cipher} SPLK S.92
[10:32] {cipher} COV .82 +.
[10:33] {cipher} thx tbell
[10:34] {thomcbell} i got out of that dell flat earlier - thanks VG
01[10:34] {Threei}  :)
[10:34] {cipher} splk l .81
[10:35] {cipher} out .99
[10:36] {cipher} done for the day
[10:36] {cipher} cya
01[10:37] {Threei}  take care cipher
[10:41] {dino} cya
01[10:43] {Threei}  finally
01[10:43] {Threei}  CLF
01[10:43] {Threei}  1:1
01[10:43] {Threei}  took its sweet time, eh
01[10:48] {Threei}  out at 1:2
01[10:53] {Threei} Long Setup:  FB  .10 break
01[10:54] {Threei}  If holds  30
[10:56] {thomcbell} looks two sided possibly Vad
01[10:58] {Threei}  could be, yeah
01[10:58] {Threei}  SPY drop
[11:00] {thomcbell} all things considered FB is holding the hype rally ok
[11:02] {dino} adtn spike
[11:04] {goryl} vad, u short fb?
01[11:06] {Threei}  yes
01[11:06] {Threei}  but with .06 dtop
[11:06] {goryl} ok
01[11:06] {Threei}  keeping it tigher than usually
[11:08] {dino} ann hl l .52
01[11:18] {Threei} Short Setup: CAT  .40 break
[11:19] {dino} added mflx calls
01[11:19] {Threei}  frikin FB
01[11:19] {Threei}  had to keep usual stop, eh?
01[11:20] {Threei}  Invalidated
01[11:20] {Threei}  nemo, you paper shows my backyard: http://www.bostonglobe.com/lifestyle/travel/2013/01/13/steeped-snow-vancouver-island-mount-washington-offers-tons-family-skiing/VcgSSFlTtQXuoJgQgF598O/story.html
[11:21] {nemo} our version of Pravda
01[11:22] {Threei}  Over the next 20 yrs, North America will replace the Mideast as the traditional source of the world's oil supply." -BP's Ruhl
01[11:22] {Threei}  The U.S. could surpass Saudi Arabia by year-end as the world's biggest oil producer, says BP. By 2014 latest.
[11:22] {dino} we can only hope
01[11:23] {Threei}  Although the record amount of hot air will still come from the White House
01[11:29] {Threei}  FB... grrrrrr
01[11:35] {Threei}  Facebook Marketing Analyst: There are concerns that Facebook's new Graph Search feature will drive users to "unlike" items and remove tags from content - AdAge- Facebook users may not be happy that things posted years ago which may be embarrassing or not reflective of who you are now can be turned up in search
01[11:36] {Threei}  talk about unintended consequences
[11:41] {dptl} pay .50 short?
01[11:41] {Threei} Long Setup:  CAT  .40 break
01[11:42] {Threei}  PAY, yes
[11:44] {dino} tumi spike
[11:45] {dino} hl s .90
[11:48] {goryl} vad, u taking pay?
01[11:48] {Threei}  yes, I like it
01[11:49] {Threei}  esoecially if SPY drops
[11:49] {nemo} .22-.28 likely the bottom for cat
[11:51] {dino} tumi stop
01[11:53] {Threei}  out CAT
01[11:53] {Threei}  market weakens
[11:53] {dino} reload s tumi .40
[11:54] {dptl} missed pay
[11:55] {dino} rnf blood
01[11:56] {Threei}  RGR drops as Obama speaks
[12:02] {dptl} clf .80 short?
01[12:04] {Threei}  a bit too far from there
[12:05] {dptl} agresive .85 break may be?
01[12:06] {Threei}  with stop .91... why not
01[12:06] {Threei}  wait
01[12:06] {Threei}  see bid at .84?
[12:06] {dptl} ye
01[12:06] {Threei}  better short when it gets hit
[12:06] {thomcbell} FB annoying
[12:06] {dptl} ok
[12:06] {dptl} in
[12:07] {goryl} u gong for it vad?
[12:07] {goryl} going
01[12:07] {Threei}  nah
01[12:07] {Threei}  a bit too pushy for me
01[12:07] {Threei}  dp likes to push
[12:08] {thomcbell} expecting a bottom here on FB between here and 29.50 - waiting for a long setup to emerge
01[12:08] {Threei}  (US) Pres Obama announces proposals on reducing gun violence, including criminal background checks for all gun purchases, reinstatement of assult weapon ban- To make 23 executive orders. - To propose 10-round limit on magazines. - To provide $4.0B in funding for up to 15K police officers. - Calls on DoJ to maximize effort to prosecute gun crimes. - Will ask for studies to evaluate impacts of video games on children - All gun sales (private included) to require background checks - Requests Congress reinstate assault weapons ban and to institute restrictions on magazines to hold 10 rounds. Seeks to ban armor piercing rounds
[12:08] {dptl} is that a bad set up?
[12:09] {dino} spend spend spend
01[12:09] {Threei}  bad, no...
01[12:09] {Threei}  personal preference pushiness wise
[12:10] {dptl} you mean yime of the day ?
[12:10] {dptl} time
01[12:10] {Threei}  both times of the day and chart
[12:27] {dptl} half out
[12:27] {jdetente} scalped CLF with you. Thanks!
[12:27] {dptl} :)
[12:28] {thomcbell} FB long setup 29.60 break if holding 29.53
01[12:29] {Threei}  now that the play is over, allow me a few words, to answer the question [12:08] {dptl} is that a bad set up?
[12:29] {dptl} was just about to ask :)
01[12:29] {Threei}  don't view trading as exact science... there is no 100% answers, it's an indidualized endeavor
01[12:30] {Threei}  there are good setups,
01[12:30] {Threei}  there are bad setups,
01[12:30] {Threei}  and there are setups that are good or bad depending on your personality
01[12:30] {Threei}  your sdtyle, your prefernces, your pbjectives
01[12:31] {Threei}  all of us are not the same,
01[12:31] {Threei}  some prefer many aggressive plays with many small stops and big if rare wins
01[12:31] {Threei}  some prefer more conservative approach where stops are fewer, even if bigger
01[12:32] {Threei}  reread once again the blog article on agresssiveness
01[12:32] {Threei}  think of these things in such terms, and you will make a distinction between objectively good or bad setups
01[12:32] {Threei}  and setups that are good or bad for YOU
01[12:33] {Threei}  do I make sense?
[12:33] {jdetente} Makes sense to me. ty :)
01[12:33] {Threei}  :)
01[12:34] {Threei}  http://blog.realitytrader.com/2007/07/how-aggressive-are-you.html
01[12:36] {Threei}  to make a perfect example, look at some of dino/cipher plays
01[12:36] {Threei}  good ones?
01[12:36] {Threei}  results wise, obviosuly
01[12:36] {Threei}  can anyone of us handle those?
01[12:36] {Threei}  obviously not, they are highly tailored for a very distinctive style of trading
01[12:37] {Threei}  with risk parameters so drastically different, most of traders would have their stomachs turned inside out just looking at those
[12:38] {thomcbell} FB 1:1
01[12:39] {Threei}  wtg
[12:40] {thomcbell} going by the book - but using a 29.63 stop on my other half right now
[12:41] {dino} gj tbell
[12:42] {dptl} thats where i get confused..... , some how you able to tell the difference between set ups even thought two set ups look the same, and i can't figure that out yet
[12:43] {dino} tumi last try s .75
01[12:46] {Threei}  you'd have to show me two that look the same to you, so I could comment
[12:47] {dptl} out some more clf here
[12:52] {dptl} lets take that clf set up ....80 break short with .90 stop.....was it time of the day that you did't like?
[12:53] {dptl} or something else?
01[12:53] {Threei}  it was near .90, full range from the trigger,
01[12:53] {Threei}  imagine it'd drop fast (in one candle) into .80 and break it - would you still like the setup?
01[12:54] {Threei}  thus, answer was:
01[12:54] {Threei}  12:02] {dptl} clf .80 short?
01[12:54] {Threei}  [12:04] {Threei} a bit too far from there
[12:54] {dptl} no ..if it dropped fast
01[12:54] {Threei}  as in: can't tell without seeing how it gets there
[12:55] {dptl} i see
[13:04] {dptl} will keep .68 stop for last clf
[13:10] {dptl} out
[13:10] {dino} gj
[13:11] {dptl} ty
[13:11] {thomcbell} fb out
[13:16] {dptl} is that DB on clf now?
01[13:17] {Threei}  if holding .55, yes
[13:17] {dptl} so we can try .60 break long?
01[13:18] {Threei}  as an aggressive entry
01[13:18] {Threei}  .65 as regular
[13:18] {dptl} ok
01[13:21] {Threei}  .55 short is valid setup also
[13:21] {dptl} with .61 stop?
01[13:22] {Threei}  yeah
[13:24] {dptl} in .55
[13:24] {dptl} sh
01[13:24] {Threei}  (US) House Majority Leader Cantor (R-VA): House of Reps may consider legislation to overturn pay increase for Federal employees
01[13:24] {Threei}  why did they get increase in a first place?
01[13:26] {Threei}  (US) Preview: Fed Beige Book survey of regional economic activity to be released at 14:00ET- The report will include data from surveys of the period between Mid-November and early January. The Nov Beige Book revised the headline for activity as expanding at a "measured pace" (vs. "expanding modestly" prior) and noted that Hurricane Sandy had caused weaker growth in some regions
[13:27] {dptl} stopped
01[13:28] {Threei}  ok, now I have to ask
01[13:28] {Threei}  why short .55 with a lot of bids?
01[13:28] {Threei}  why not .55 break, or at least some meltdown?
[13:28] {dptl} it broke
01[13:29] {Threei}  hmmm... I must have missed it then
01[13:29] {Threei}  didn't see .55 bid broken
[13:29] {dptl} look it even says lod .34
[13:29] {dptl} .54
[13:29] {thomcbell} splk long setup 32.33 break if holding 32.20 - half lot
01[13:30] {Threei}  it actually broke the bid on level 2?
[13:32] {dptl} ye .55 was gone and i punch and got .55 at .54 it was just one or few trades, must be buch of hidden orders at .55
[13:32] {thomcbell} splk invalidated
[13:33] {thomcbell} still watching for another setup
[13:34] {dptl} coh .35
[13:34] {dptl} ah late
[13:36] {dino} clsn drop and halt
01[13:43] {Threei} Short Setup: FB  .60 break
01[13:43] {Threei}  If holds  .65
[13:44] {dino} ? its at .85
01[13:44] {Threei}  grrr
01[13:45] {Threei} Short Setup: DB  .60 break
01[13:45] {Threei}  close letters
01[13:47] {Threei}  Invalidated
[13:49] {dptl} fb.90 long?
01[13:49] {Threei}  half lot
01[13:49] {Threei}  worth a try
01[13:51] {Threei}  guys, gotta drive my daughter to airport
01[13:51] {Threei}  will be back in about 40-50 min
01[13:52] {Threei}  don't short BRK.A while I am away
[13:52] {dino} cov tumi .40, +.35
[13:53] {dptl} in fb .91
[14:05] {dptl} stop to .84 fb
[14:13] {dptl} out half
[14:19] {dptl} stop to .94
[14:32] {dino} ssi
[14:49] {dino} ssi s .53
[14:52] {dptl} out fb
[14:52] {dino} cov ssi .40, +.13
01[14:54] {Threei}  back
01[14:55] {Threei}  I see FB worked
[14:55] {dptl} ye
01[14:56] {Threei}  hmmm... even BRK.A short would have worked while I was away
[15:00] {nemo} wtf hlf
[15:02] {dptl} cog .40 short?
01[15:02] {Threei}  hl
01[15:03] {Threei}  14:50[HLF] Carl Icahn is said to have told other investors that he has taken a stake in Herbalife after Pershing's Ackman made his short sale presentation in mid-Dec - financial press
[15:05] {dptl} fdo .40 short?
01[15:06] {Threei}  no read
01[15:06] {Threei}  50/50
01[15:12] {Threei} Long Setup:  RIMM  .90 break
01[15:12] {Threei}  If holds  .85
01[15:25] {Threei}  Apple Inc Sales of Nexus tablet said to have exceeded sales of the iPad during the holiday shopping season in Japan - Nikkei News
01[15:25] {Threei}  - Japan market for tablets said to have expanded in 2012 and will continue to rise in 2013.
01[15:25] {Threei}  - Google's lower-priced devices exceeded iPad's 40.1% market share, which lost its top position in tablets for the first time since going on sale in Japan markets in May 2010
[15:37] {dptl} vlo .70 short?
01[15:38] {Threei}  VLO, yes
01[15:40] {Threei} Short Setup: FB  .95 break
01[15:41] {Threei}  If holds  30
[15:42] {thomcbell} long setup splk 31.96 break if holding 31.83
[15:45] {thomcbell} splk invalidated
01[15:47] {Threei}  FB baby
01[15:47] {Threei}  half out
[15:47] {thomcbell} splk hehe
01[15:47] {Threei}  scalpers feel free to close it in full
[15:48] {jdetente} Nice trade. Ty!
01[15:48] {Threei}  :)
[15:51] {dino} trlg s .31cov trlg .01, +.30
01[15:51] {Threei}  wtg
[15:51] {dino} ty
[15:53] {dptl} gn all see ya tomorrow
01[15:53] {Threei}  take care dp
01[15:57] {Threei}  Ok guys, thank you all
01[15:57] {Threei}  have a good evening
01[15:57] {Threei}  see you tomorrow
[15:57] {thomcbell} good night
[16:01] {dino} gn all
[16:02] {jdetente} gn everyone

Jan 15 2013

Very nice day with plays working in much more orderly fashion. Nothing to complain about, except maybe one rinse.


Session Time: Tue Jan 15 00:00:00 2013
[09:17] {dino} gm
01[09:17] {Threei}  dino :)
[09:20] {cipher} gm
01[09:20] {Threei}  cipher :)
[09:21] {_jdetente} good morning
01[09:21] {Threei}  jd :)
[09:22] {nemo} sorry late...had to go to the liquor store
01[09:22] {Threei}  successfully?
[09:22] {nemo} do those of the ursus genus defecate in arborial areas?
[09:25] {ese} mornin
01[09:25] {Threei}  ese :)
01[09:31] {Threei} Short Setup: BTU  .37
01[09:31] {Threei}  If holds  .46
[09:33] {dptl} gm
01[09:33] {Threei}  dp :)
[09:35] {cipher} INFA L .00
01[09:35] {Threei} Long Setup:  FB  .85 break
[09:35] {dino} frx hl s .10, pulpy
01[09:36] {Threei}  If holds  .80
01[09:36] {Threei}  must be first time we play FB with 5 cents stop
01[09:36] {Threei}  1:1
01[09:37] {Threei}  BTU no go
[09:37] {thomcbell} wow that was a thing of beauty
01[09:38] {Threei}  out
[09:38] {cipher} fb +.28 thx
01[09:38] {Threei}  in so very fulll
01[09:38] {Threei}  yw
[09:40] {dptl} fslr .90 short?
01[09:42] {Threei}  hal lot
01[09:43] {Threei} Long Setup:  FCX  .70 break
01[09:43] {Threei}  hl
[09:43] {dino} frx stop -.08
01[09:43] {Threei}  If holds  .65
01[09:43] {Threei}  jd, welcome aboard
[09:43] {cipher} CTXS L.05
[09:43] {jdetente} Thanks! I'm official now
[09:43] {jdetente} :)
01[09:43] {Threei}  it means you can slap nemo now as an equal
01[09:43] {Threei}  but there is a downside
01[09:44] {Threei}  he can slap you as well...
[09:44] {jdetente} haha
[09:44] {cipher} out ctxs .55 +.50
01[09:44] {Threei}  wtg
[09:44] {nemo} Jack Daniels?
01[09:46] {Threei}  FSLR 1:1 but I doubt you could get it
[09:46] {dptl} i am in
01[09:46] {Threei}  ok... covered any?
[09:47] {dptl} not yet
01[09:47] {Threei}  you guys watch LULU?
01[09:48] {Threei}  dino, cipher, ese
[09:48] {cipher} yes
[09:48] {nemo} looking for lulu to test .66
[09:48] {nemo} 66
[09:48] {nemo} sorry
[09:49] {jdetente} Is the FCX stop at 34.65?
[09:49] {jdetente} or a full .10
01[09:49] {Threei}  just under .65
01[09:50] {Threei}  see those tails bottoming out just above? they define .65 as support
[09:50] {cipher} lulu l .40
[09:50] {dino} oii hl s .7
[09:50] {dino} .07
01[09:50] {Threei}  tight stop, SPY tries to uptick, chart nicely positioned for and upward thrust
[09:50] {cipher} out lulu .71
01[09:51] {Threei}  my kind of trade
01[09:51] {Threei}  nice opne cipher
[09:51] {cipher} ty
[09:51] {thomcbell} splk long setup 31.30 break if holding 31.20 - HL due to banana stock
[09:52] {dino} oii stop -.28
[09:54] {thomcbell} splk 1:2
[09:55] {cipher} crus l .81
[09:55] {thomcbell} rimm short here Vad?
[09:55] {thomcbell} splk 1:3
01[09:55] {Threei} Long Setup:  CAT  .80 break hl
01[09:55] {Threei}  If holds  .70
[09:56] {thomcbell} splk 1:4 and out
01[09:56] {Threei}  wtg
01[09:56] {Threei}  I'd prefer either bounce or a bit longer consolidation on RIMM
[09:56] {cc_8} Among the companies with shares expected to actively trade in Tuesday’s session are Dell Inc. (DELL), Express Inc. (EXPR) and Gordmans Stores Inc. (GMAN).
[09:56] {cipher} out crus .93
01[09:57] {Threei}  CAT 1:1 if you got it
[09:57] {thomcbell} looking for a long setup in lvs
01[09:57] {Threei}  1:2
01[09:57] {Threei}  no go FCX
[09:58] {dino} frx hl s .60
01[09:58] {Threei}  anyone caught CAT or too fast?
[09:58] {nemo} yep
[09:59] {dino} mflx partial fill l .50
01[10:00] {Threei}  *(US) NOV BUSINESS INVENTORIES: 0.3% V 0.3%E
[10:00] {nemo} look daily dino, nflx could get sloppy around here for awhile
01[10:00] {Threei}  GM UAW is said to be not interested in pension buyouts from GM
[10:00] {dino} mflx
[10:00] {dino} M
01[10:00] {Threei}  yup, let's bankrupt it second time
[10:01] {nemo} oh, nevermind
[10:01] {dptl} aig .10 long?
[10:02] {dino} oii last try hl s .15
01[10:02] {Threei}  yes AIG
[10:03] {cipher} VRTX L .51
[10:04] {cipher} out .60
[10:07] {dino} mflx stop
[10:07] {ese} L mas .49
[10:08] {ese} out mas .61
[10:08] {ese} +.12
[10:08] {cipher} amgn l .96
[10:08] {ese} talk about your instantaneous jump up
[10:08] {dptl} swks .45 long?
[10:09] {cipher} out amgn .89
01[10:09] {Threei}  yes
[10:10] {cipher} scty l .55
01[10:10] {Threei} Short Setup: RIMM  .50 break
01[10:10] {Threei}  If holds  .60
[10:10] {dino} len hl l .05
01[10:13] {Threei}  1:1
[10:13] {dptl} half out rimm ty
01[10:13] {Threei}  yw
[10:13] {dino} mflx hl l .00
[10:14] {thomcbell} wow SPLK
[10:14] {dino} out len .47, +.42
01[10:16] {Threei}  nice one
[10:16] {cipher} out scty .68 +.13
[10:19] {dino} cov frx .30, +.30
[10:19] {cipher} splk l.05
[10:25] {cipher} out splk .13
[10:25] {cipher} scty l .71
[10:26] {dptl} gmcr .10 short?
01[10:27] {Threei}  ummm
01[10:27] {Threei}  yes :)
[10:27] {dptl} yeah too fast
[10:30] {thomcbell} this splk could really squeeze - 18% short before friday
[10:30] {thomcbell} and their business is on fire and could actually get bought - i am a spectator
[10:30] {dptl} gild 78 long?
01[10:31] {Threei}  hl
[10:31] {dino} don't tell obama, you evil speculator
01[10:31] {Threei} Long Setup:  FB  .95 break
01[10:31] {Threei}  If holds  .90
01[10:33] {Threei}  GILD 1:1 if you got it
[10:33] {cipher} krft l .35
[10:33] {thomcbell} splk 1:16 hehe
[10:34] {nemo} cipher and dino must be twins separated at birth
01[10:34] {Threei}  hehe
[10:35] {dptl} what do you see in fb Vad?
01[10:37] {Threei}  pullback, bottoming out, consolidation, break
[10:38] {jdetente} looks like it didn't hold
01[10:39] {Threei}  nope
[10:41] {dino} len hl l .90
[10:46] {dptl} pay .25 long?
01[10:46] {Threei}  darn FB
[10:46] {jdetente} FB rinse ugh
01[10:46] {Threei}  too tight stop :)
01[10:46] {Threei}  PAY yes
[10:47] {dptl} a bit to narrow
[10:50] {nemo} amgn might be worth a short try here
[10:53] {cipher} out krft.50 +.15
01[10:57] {Threei}  frikin FB
[10:58] {dino} sap hl l .90
[11:02] {dptl} i'll keep stop under .20 pay
01[11:03] {Threei} Short Setup: FB  .15 break
01[11:05] {Threei}  PAY 1:1
[11:05] {dptl} half out pay
01[11:05] {Threei}  Invalidated  FB
[11:07] {dptl} under .30 stop for me pay
01[11:09] {Threei}  1:2
[11:09] {dptl} out more
[11:12] {dptl} all out
[11:15] {cipher} fb s .52
[11:17] {dino} enoc hl s .35
[11:18] {cipher} out fb -.02
[11:19] {dino} enoc stop
[11:22] {dino} enoc hl s .15
[11:23] {dino} cov .75, +.40
[11:24] {dptl} that was fast...nice :)
[11:25] {dino} ty
[11:25] {cipher} wtg dino
[11:26] {dptl} pay may be .50 long ?
[11:28] {dptl} nope
[11:29] {nemo} breakouts this time of day get real iffy
01[11:29] {Threei}  right
[11:30] {nemo} this market is so slow, it makes you itch to do something, anything...not good
[11:30] {nemo} drink instead
[11:30] {dptl} ") right...
[11:31] {dptl} good idea :)
[11:33] {cipher} ENOC L .80
[11:35] {cipher} out .05 +.25
[11:36] {dptl} aig .90 short?
01[11:37] {Threei}  nah
[11:37] {nemo} drink dp
[11:37] {dptl} ok :)
[11:38] {nemo} indexes finny iwm spy could be short here but i would expect spy to try and get to .82 with iwm in the mid .50s first
[11:39] {nemo} Dalai Llama croaked
[11:43] {dino} out sap .34, +.44
01[11:44] {Threei}  Magnitude 6.1 earthquake strikes along the Pacific antarctic ridge
[11:46] {dino} len hl l .10
[11:52] {cipher} +.09 LEN thx
[11:53] {dino} gj
01[12:05] {Threei}  (US) Pres Obama said to be ready to make announcement tomorrow on gun control proposals brought to him by VP Biden - financial press- Obama is said to be considering up to 19 executive orders on guns that wont require Congressional approval. - Obama will also likely recommend stricter gun-control measures that require Congressional approval. - Some of Obamas recommendations are likely to go beyond narrow gun control, such as mental health issues.
01[12:06] {Threei}  Risk Is Off As Debt Ceiling Rhetoric Continues
01[12:06] {Threei}  - President Obama's forceful words on the debt ceiling fight and House Speaker Boehner's firm response yesterday morning continue to unsettle markets. With both sides seeming to entrench in their respective positions ahead of the ceiling, risk aversion is the order of the day. In his talk yesterday evening, Fed Chairman Bernanke struck a dovish tone, insisting once again that the Fed is still not out of ammunition. The DJIA is down 0.12%, the S&P500 is down 0.2% and the Nasdaq is down 0.48%.
01[12:07] {Threei}  any dove will look like a hungry bald eagle next to current Fed
01[12:08] {Threei}  - Most of the tech world is boiling with speculation about what Facebook is planning to talk about in its first major product event since going public. Rumors are all over the map, although several of the leading ideas are not very credible. Some say a phone or music service are in the offing, although Facebook would be very late to the game in both spheres. Search is also touted as a possibility, and Facebook executives have highlighted this as an essential area in the past. A major new e-commerce or content play are definite possibilities as well. Shares of FB are up 2% this morning.
01[12:17] {Threei} Long Setup:  FB  .40 break
01[12:17] {Threei}  If holds  .35
[12:35] {dptl} btu .75 long?
[12:36] {dptl} ahh late
01[12:36] {Threei}  can't tell really
[12:40] {dptl} coh .30 long?
01[12:40] {Threei}  [11:29] {nemo} breakouts this time of day get real iffy
01[12:40] {Threei}  [11:29] {Threei} right
01[12:40] {Threei}  [11:30] {nemo} this market is so slow, it makes you itch to do something, anything...not good
01[12:40] {Threei}  [11:30] {nemo} drink instead
01[12:40] {Threei}  [11:30] {dptl} ") right...
01[12:40] {Threei}  [11:31] {dptl} good idea :)
[12:41] {dptl} lol...
01[12:42] {Threei}  seriously... you point one breakout play after another
01[12:42] {Threei}  AFTER you agreeed that they are not the best plays right now
01[12:52] {Threei}  be back in 15
[13:06] {thomcbell} FB whoosh
01[13:06] {Threei}  FB CEO: Announcing a new product at presentation today, should be able to 'query' the database - facebook even
01[13:06] {Threei}  what an anticlimax
01[13:15] {Threei}  Facebook CEO: Announcing new social search product named "Graph Search" - product event
01[13:15] {Threei}  - There are three pillars to the Facebook service: newsfeed and timeline are the first two pillars, we will be discussing the third, "Graph Search"
01[13:15] {Threei}  - Facebook includes friend connections, follow connections, photo tags, likes, comments. Indexing all this content so you can access it usefully is a hard problem.
01[13:15] {Threei}  - The search that we wanted to build is privacy-aware. You can only search for content that has been shared with you.
01[13:15] {Threei}  - Web search and graph search are really, really different. Graph search is designed to take a precise query and give you the answer.
01[13:21] {Threei} Short Setup: FB  .80 break smaller shares
01[13:21] {Threei}  stop above .90
01[13:21] {Threei}  half out
01[13:21] {Threei}  stop .85
01[13:22] {Threei}  target .45
[13:22] {thomcbell} wow its bananas- lol
[13:26] {jdetente} nice scalp on FB thanks!
01[13:27] {Threei}  :)
[13:27] {thomcbell} dell boom
01[13:27] {Threei}  bottomed out at .46
01[13:27] {Threei}  Dell Inc Buyout is said to be moving ahead, banks are said to have been tapped to provide funding - financial press- PE firm Silver Lake and partners are said to be holding advanced talks with Dell. - Advisors reportedly include Credit Suisse, Bank of America, Barclays and RBC - Reminder: Yesterday reports circulated that at least two firms were interested in taking the firm private -
01[13:29] {Threei}  (US) Fed's Plosser (hawk, non-voter): Fed stimulus measures may hurt consumers who are trying to repair their finances
01[13:29] {Threei}  ****Plosser repeats remarks from Jan 11th speech, Plosser stated:
01[13:29] {Threei}  - Aggressive monetary policy is unlikely to accelerate improvements in job market or help rebuild household wealth
01[13:29] {Threei}  - Would like the Fed to tighten monetary policy sooner than most of the rest of the FOMC
01[13:29] {Threei}  - Trying to boost economic stimulus could even prolong sluggishness in US consumption.
01[13:29] {Threei}  - US economy is growing at a moderate pace.
01[13:29] {Threei}  - Very easy monetary policy cannot overcome business uncertainty.
[13:33] {thomcbell} dell 13 break if holding 12.90
[13:35] {thomcbell} invalidated dell
[13:36] {thomcbell} really annoying - my name is Tom Bell and i constantly get phone people say Dell
01[13:38] {Threei}  you don't wasnt to know the ways people have been pronouncing my name
[13:39] {thomcbell} do it Vad
[13:43] {thomcbell} dell rats
01[13:48] {Threei}  FB Announces partnership with Microsoft's Bing at Graph Search event; aims to bring web search results into the Graph Search product
01[13:48] {Threei}  so frikin what??
[14:01] {thomcbell} fb looks like a 30.50 long break
[14:01] {thomcbell} half lots only
01[14:02] {Threei}  hmmm
01[14:02] {Threei}  I am skeptical to be honest
01[14:02] {Threei}  well, it proved me wrong rather quickly :)
[14:03] {thomcbell} not worth the risk
[14:03] {thomcbell} thing can be down 1.50 or up 1.50 no problem from here
[14:04] {thomcbell} short setup fio 21.10 break if holding 21.20
[14:05] {thomcbell} stopped on balance at break even
[14:05] {thomcbell} fb
[14:09] {dptl} jcp short?
01[14:09] {Threei} Short Setup: FB  .40 break
01[14:09] {Threei}  If holds  .50
01[14:10] {Threei}  JCP is lifeless... can't tell
01[14:14] {Threei}  FB is valid
01[14:23] {Threei}  1:1
01[14:24] {Threei}  1:2
[14:25] {dptl} len .10 short?
01[14:27] {Threei}  hl
[14:30] {dino} ggc hl l .24
[14:34] {dino} out ggc .85, +.61
01[14:34] {Threei}  FB is getting shwed up
[14:36] {nemo} http://twitpic.com/bvhcom
[14:38] {thomcbell} flattening fio
01[14:38] {Threei}  that was "chewed up, and it continues
[14:57] {dptl} cog .30 short?
01[14:58] {Threei}  nah... marginal setup
01[14:58] {Threei}  why are you looking to short here?
01[14:58] {Threei}  SPY if anything looks long
01[15:08] {Threei} Long Setup:  COG  .40 break
01[15:08] {Threei}  If holds  .30
[15:19] {jdetente} I'm guying to call it a day. Have a good one!
01[15:19] {Threei}  take care jd, certainly much better day than yesterday
[15:19] {jdetente} yes. good trades!
[15:29] {dptl} pay short?
01[15:30] {Threei}  I don't see setup
01[15:31] {Threei} Short Setup: RIMM  .50 break
[15:39] {dptl} what about mpc .25 short?
01[15:39] {Threei}  better
[15:43] {thomcbell} FB 30.21 long break
[15:43] {thomcbell} if holding 30.10
[15:44] {thomcbell} whoopie
[15:44] {thomcbell} lol
01[15:44] {Threei}  wow
01[15:44] {Threei}  lol
[15:45] {thomcbell} and thats that
[15:45] {thomcbell} scalpers win as sensai says
[15:49] {dptl} rimm stop .56?
01[15:49] {Threei}  yeah
[15:55] {nemo} http://twitpic.com/bvj7tz
[15:56] {dino} out len .70, +.60
01[15:59] {Threei}  nice finish!
01[15:59] {Threei}  ok
01[15:59] {Threei}  cl,osed RIMM for tiny scalp
01[15:59] {Threei}  thank youy all
[15:59] {dptl} gn
01[15:59] {Threei}  have a good evening, see you tomorrow
[15:59] {thomcbell} good day guys
[15:59] {dino} gn all
[15:59] {thomcbell} thanks

Jan 14 2013

Basically flat day, as stops and wins balanced each other out.



Session Time: Mon Jan 14 00:00:00 2013
[09:02] {dino} gm
01[09:03] {Threei}  morning dino
[09:09] {_jdetente} good morning all
01[09:10] {Threei}  jd :)
[09:23] {cipher} gm
01[09:23] {Threei}  cipher :)
[09:24] {ese} morning
01[09:24] {Threei}  ese :)
[09:25] {ese} in a week and a half i'll be back on the board basically full time......
[09:25] {nemo} I'm leaving next week
[09:25] {ese} my schedule changes for this upcoming semester...thank goodness
[09:25] {ese} lol
01[09:25] {Threei}  cool ese
[09:25] {ese} awesome
01[09:25] {Threei}  we will chain nemo to his chair
[09:25] {ese} indeed...........he probably already is
01[09:27] {Threei}  watching FB fr long
01[09:27] {Threei}  and financials
01[09:27] {Threei}  they report this week
01[09:28] {Threei}  also, a lot of feds speaking this week
01[09:28] {Threei}  Fed commentary for the week, will include a speech on monetary and fiscal policy due to be delivered by Fed Chairman Bernanke on Monday Jan 14th. Other Fed speakers include John Williams (San Francisco Fed-Jan14th), Dennis Lockhart (Atlanta Fed-Jan 14 and Jan 17th), Eric Rosengren (Boston Fed- Jan 15th), Narayana Kocherlakota (Minneapolis Fed-Jan 15 and Jan 16th), Plosser (Jan 15th) and Richard Fisher (Dallas Fed-Jan 16th). The Fed's monthly Beige Book is due to be released on Wednesday Jan 16th.
01[09:29] {Threei}  reporting Bank of America, Bank of New York, Citigroup, Goldman Sachs JP Morgan
01[09:32] {Threei} Long Setup:  JPM  46 break
01[09:33] {Threei}  change to .90 break
01[09:33] {Threei}  ugh, late
01[09:33] {Threei}  wait for now
01[09:33] {Threei} Long Setup:  FB  .10 break
[09:33] {cipher} qcom l .05
01[09:33] {Threei}  If holds  32
01[09:34] {Threei}  OK JPM
01[09:34] {Threei}  .90 break
01[09:34] {Threei}  If holds  .80
[09:34] {cipher} out qcom .14
01[09:35] {Threei}  FB target 1:3
[09:35] {nemo} frickin rimm
[09:35] {dino} out fio calls from last week, +.55 or 37%
01[09:36] {Threei}  no go
01[09:38] {Threei}  hmmm
01[09:38] {Threei}  on a wrong side
01[09:41] {Threei} Long Setup:  LVS  .80 break
01[09:41] {Threei}  hl
01[09:41] {Threei}  .c .70
[09:42] {cipher} FRAN L .77
01[09:42] {Threei} Long Setup:  GM  .20 break
01[09:42] {Threei}  If holds  .10
[09:42] {cipher} out fran .98
01[09:43] {Threei}  Invalidated  LVS
01[09:44] {Threei} Long Setup:  FB  32 break
01[09:44] {Threei}  If holds  .90
01[09:45] {Threei}  change to .90 break
01[09:45] {Threei}  If holds  .80
01[09:47] {Threei}  higher low in place
01[09:48] {Threei}  come on, what the deuce
01[09:48] {Threei}  sigh
01[09:48] {Threei}  SPY sharp drop
[09:50] {cipher} gtls s.80
01[09:50] {Threei} Short Setup: RIMM  .90 break
01[09:50] {Threei}  If holds  15
01[09:51] {Threei}  Invalidated  GM
01[09:51] {Threei}  target 1:4 RIMM
01[09:53] {Threei}  1:1
01[09:53] {Threei}  1:2
01[09:55] {Threei}  1:3
[09:55] {cipher} cov gtls .65
[09:55] {cipher} gtls l .00
01[09:56] {Threei}  out last piece on a trail .72
01[10:00] {Threei} Long Setup:  KVS  .30 break
01[10:00] {Threei}  LVS
01[10:00] {Threei}  If holds  .20
01[10:00] {Threei}  Invalidated
[10:02] {dino} nice hl s .89
[10:02] {cipher} zumz l.70
01[10:02] {Threei} Long Setup:  GLD  .40 break hl
01[10:02] {Threei}  If holds  .30
[10:05] {cipher} CSOD L .10
[10:05] {thomcbell} rimm still has a short left in it i believe
[10:05] {thomcbell} entry tricky here
01[10:05] {Threei}  yeah, .50 is strong support
01[10:05] {Threei}  ideally it would lose .60, then consolidate for a while between .50 and .60
01[10:06] {Threei}  then I'd be happy to go for .50 break
[10:06] {cipher} out zumz -.06
[10:06] {nemo} .58 strong level rimm
01[10:09] {Threei}  shrug
01[10:09] {Threei}  nice read, no setup
01[10:11] {Threei}  nailed the top on RIMM with high precision
01[10:13] {Threei}  GLD target 1:3
[10:14] {thomcbell} rimm volume is absolutely shocking
[10:14] {nemo} animal spirits
[10:15] {cipher} CTXS l.97
01[10:15] {Threei}  the only animal I see in RIMM is a squirrel
[10:16] {cipher} out .30 +.33
01[10:16] {Threei}  wtg
[10:16] {cipher} conn l.63
[10:16] {dino} nice stop -.12
01[10:16] {Threei} Short Setup: LVS  52 break hl
[10:17] {cipher} out conn .79 +.16
[10:17] {nemo} I like the end:  http://www.khou.com/news/local/Robbery-victim-wants-to-thank-Good-Samaritans-who-came-to-his-rescue--186572461.html
01[10:18] {Threei}  GLD stop to .34
[10:19] {nemo} vvus erect
[10:20] {cipher} VVUS S .30
01[10:20] {Threei}  LVS 1:1
[10:20] {cipher} COV .25
01[10:21] {Threei}  scratching GLD
01[10:21] {Threei}  oversat it, shoukld have dumped at 1:1
[10:21] {cipher} out csod .22 +.12
01[10:24] {Threei}  LVS 1:2, out
[10:24] {dino} flo hl s .30
[10:26] {cipher} gmcr l .54
[10:26] {cipher} out .68
[10:27] {cipher} zumz l .16
[10:28] {cipher} gmcr l.68
[10:28] {cipher} out .89
[10:30] {cipher} out zumz .33 +.17
[10:31] {cipher} actg l .91
01[10:33] {Threei} Long Setup:  FDX  98 break hl
[10:34] {cipher} out actg flat
[10:35] {nemo} .25 level vvus
01[10:37] {Threei}  1:1 if you got it
[10:37] {_jdetente} no entry :(
01[10:37] {Threei}  yeah, jumped
[10:38] {cipher} thx fdx +.11
01[10:39] {Threei}  :)
01[10:40] {Threei} Short Setup: FIO  21 break
01[10:40] {Threei}  If holds  .10
[10:43] {cipher} asml l.38
01[10:43] {Threei}  Invalidated
[10:47] {cipher} fosl l.11
[10:48] {thomcbell} rimm - hehe
01[10:51] {Threei}  what can I say... pigs CAN fly :)
[10:51] {cipher} out asml .49 +.11
[10:51] {thomcbell} well Roger Waters always thought so
[10:52] {cipher} out fosl .04 -.07
[10:54] {nemo} .87 rimm
[10:57] {cipher} fosl s .04
01[10:57] {Threei}  President Obama is due hold a press conference at 11:15ET, to discuss the debt ceiling. Press reports out yesterday suggest the House Republicans are willing to risk a shutdown in the debt ceiling fight.
[11:01] {cipher} cov fosl .01 +.03
[11:04] {cipher} infi l .62
[11:07] {goryl} cipher pm when u get a chance
[11:10] {cipher} lbtya l.61
[11:13] {cipher} out .74
[11:16] {dino} flo stop -.22
[11:18] {cipher} out infi .65 +.03
01[11:19] {Threei}  where is president
[11:20] {dino} always late
01[11:20] {Threei} Short Setup: GLD  .40 break
01[11:20] {Threei}  If holds  .50
01[11:21] {Threei}  my guess is, militant tone is to dominate, and market is not going to be happy about it
[11:21] {cipher} beav l .75
[11:22] {dino} 11:30 whitehouse.gov
[11:27] {cipher} out .79
01[11:29] {Threei}  GLD is not playing today
01[11:30] {Threei} Short Setup: DCX  .80 break
01[11:30] {Threei} Short Setup: FCX  .80 break
01[11:38] {Threei}  finally
[11:38] {dino} nice hl s .98 last try
01[11:39] {Threei}  frikin GLD
01[11:40] {Threei}  rinsing bastard
01[11:42] {Threei}  FCX 1:1
01[11:42] {Threei}  here we go again with Buffet secretary
01[11:42] {Threei}  man, this is going to be long 4 years
[11:50] {dino} ctxs hl l .24
[11:50] {dino} gtls hl l .22
01[11:54] {Threei}  "we are not a deadbeat nation... yet... but I am working on it"
[12:00] {dino} nice cov flat
[12:01] {nemo} .20 ceiling on rig
[12:02] {nemo} o.k seer if .20 is support now
[12:02] {dino} cab hl s .36
[12:07] {dino} cov cab .12, +.24
01[12:09] {Threei}  1:2 FCX
01[12:09] {Threei}  out
01[12:09] {Threei}  breathing a bit easier
[12:22] {dino} flo hl s .60
[12:22] {nemo} rig worth a risk here long or short, inflection area
[12:23] {nemo} drops this, good to .75ish, above 55.26ish
01[12:37] {Threei}  wow, FCX had more
01[12:49] {Threei} Short Setup: RIMM  .90 break
01[12:49] {Threei}  If holds  15
[12:52] {dino} flo stop -.16
01[12:54] {Threei}  no go
01[12:56] {Threei} Long Setup:  CAT  .60 break
01[12:56] {Threei}  If holds  .55
[13:00] {thomcbell} aig 34.82 break if holding 34.72
01[13:01] {Threei}  hte this going nowhere market
[13:01] {dino} me too
01[13:02] {Threei} Long Setup:  FB  .10 break
01[13:03] {Threei}  If holds  31
01[13:04] {Threei}  target 1:3
[13:09] {thomcbell} when is this FB event Vad?
01[13:10] {Threei}  tomorrow
[13:18] {cipher} cat l .53
01[13:19] {Threei}  1:1
[13:20] {cipher} fb +.10 thx
[13:20] {thomcbell} me too thanks
01[13:20] {Threei}  yw
01[13:20] {Threei}  chart is clean to about .45... hope no rinsing
[13:20] {cipher} out cat .59
01[13:48] {Threei}  FB is oblivious to the broad market
01[13:49] {Threei}  1:2
[13:55] {_jdetente} out FB. ty!
01[13:55] {Threei}  yw
01[13:56] {Threei}  I am the last holdout, waiting for 1:3? :)
01[14:03] {Threei} Long Setup:  CAT  .35 break
01[14:03] {Threei}  late
01[14:03] {Threei}  ok
01[14:03] {Threei}  in
01[14:03] {Threei}  stop .27
01[14:04] {Threei}  DELL Halted on volatility; said to be holding talks with at least two PE firms to take the company private
[14:09] {dino} out ctxs .48, +.24
01[14:13] {Threei}  no go CAT
01[14:13] {Threei}  like pulling teeth
01[14:18] {Threei} Long Setup:  LVS  .20 break
[14:20] {nemo} cat
01[14:20] {Threei}  finally FB!
01[14:20] {Threei}  1:3, out
[14:20] {_jdetente} patience. very nice
[14:32] {cipher} fran l .61
01[14:33] {Threei}  LVS dtop .14
01[14:35] {Threei}  sheesh
01[14:41] {Threei} Long Setup:  RIG  .50 break hl
[14:42] {cipher} out fran .80 +.19
01[14:45] {Threei}  Invalidated
01[14:58] {Threei} Long Setup:  HPQ  .05 break
01[14:58] {Threei}  If holds  17
01[15:01] {Threei}  Invalidated
01[15:05] {Threei} Short Setup: RIG  .30 break hl
[15:07] {cipher} ibm l .51
01[15:14] {Threei}  1:1
01[15:14] {Threei}  half out RIG
01[15:15] {Threei}  has potential for more
01[15:16] {Threei}  1:2
01[15:18] {Threei}  out in full .03
01[15:18] {Threei}  a bit too sharp drop into 54 support
[15:21] {cipher} rig l .04
01[15:22] {Threei}  hehe
01[15:22] {Threei}  good pouching
[15:22] {nemo} pivot and yesterday close right near the whole
[15:25] {cipher} out ibm .66 +.15
01[15:25] {Threei} Long Setup:  RIMM  .70 break
01[15:25] {Threei}  If holds  .60
01[15:26] {Threei}  need this one to 1:2 to get flat for the day
01[15:28] {Threei}  (US) White House informs agencies to begin preparation for lower spending levels and spending uncertainties as a result of the sequestion and budget impasse in Congress - press
01[15:28] {Threei}  - Sees thousands of Federal Employees furloughed assuming sequestration program is not avoided; some services to military families will be curtailed as a result assuming no action is taken
[15:29] {dino} gotta hop, gn all
01[15:30] {Threei}  take care dino
01[15:34] {Threei}  OK RIMM
01[15:34] {Threei}  this day's fate in your hands
[15:34] {cipher} out rig .14 +.10
01[15:35] {Threei}  wtg
01[15:35] {Threei}  1:1
01[15:35] {Threei}  good boy RIMM
01[15:35] {Threei}  give us 1:2
01[15:38] {Threei}  yessss
01[15:38] {Threei}  whew
01[15:38] {Threei}  whole day of digging the hole and digging out of it
01[15:38] {Threei}  lol
01[15:39] {Threei}  how about we leave it at that, not to go back in red by the last trade
01[15:40] {Threei}  thank you all, have a good evening
01[15:40] {Threei}  see youi tomorrow for a better day