Nemo's Findings week of 01/27/2013

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

Groundhog week...up, up, and away....Eco news was neutral to positive.  There was some stink about the housing numbers being bad, but the previous months were revised upward significantly, and the bad numbers for the month were attributed to lack of supply.  So, the markets shrugged off "bad" news.  

Thursday and Friday's tops were held in check by the confluence of the weekly R2 and yearly R1 in IWM  and the weekly R3 in the financials.  However, they appear to be forming rising wedges, and actually went higher after the close.  It would be reasonable to expect a gap up on Monday.   

The week that was...

 

S

The week that is...well before I do that, where might we be going?  Talkin' fibonacci...at the close on Friday, the spy touched the 100% extension of the Nov '12 low to Dec. '12 high.  The projection begins from the Dec. '12 low to today.  The IWM reached a similar extension created from the June '2 low to the Sep. '12 high projected from the Nov. '12 low. So fib traders will start thinking about profit taking.  The IWM is already at all time highs so there's no overhead stops waiting. It's just a matter of when people decide to hit the exits.

The spy has 152.09, 154.50 and 156.70 as swing highs on the weekly to go. No reason to think we don't get there.

Here are the weekly financials, looks like a long to me ...

In the good old days of "normal" markets tech usually sold off after Xmas.  As you can see, on the monthly, we're at the 50% retracement of the millennial debacle, so, tech might get a bit wishy washy here providing a headwind.

And here is a look at bonds... looks like 116 could be in the cards.

 So, that leads to the week that is...

 

Market Week Wrap-up

Markets At Fresh Five-Year Highs Despite a Bruised Apple


- It was an action-packed week despite US markets being closed on Monday for the Martin Luther King holiday. President Obama's second term officially began with his inauguration on Monday, and later in the week Congressional Republicans passed a three-month extension of the debt ceiling in order to lower the temperature in Washington ahead of the looming confrontation over the budget and spending. In Japan, the BoJ yielded to pressure from newly-elected PM Abe and agreed to a 2% inflation target and an open-ended asset buying program. In contrast with Japan, Europe showed the first sign of moving away from emergency measures as the ECB announced that more than half of the banks that took out three-year LTRO funding a year ago would begin repaying funds in Q1, with the initial round coming in much higher than expected. On Friday, German stocks benefited from better than expected German Ifo Business Climate data sending the DAX out on a positive note. The UK's advance Q4 GDP reading came in at -0.3%, indicating Britain could be on course for its third recession in four years. In earnings news, there was a maniacal focus on Apple's quarterly numbers, with shares of the company dropping nearly 14% in the two sessions after the report. For the week, both the Dow and the S&P500 hit fresh five-year highs, with the DJIA up 1.8%, the S&P 500 gaining 1.1% and the Nasdaq up 0.5%. Meanwhile, the 10-year yield moved to 1.95%, back toward January highs.

- The slow, steady US housing market recovery has been a real source of strength over recent months, and the soft December new and existing home sales readings this week are not being seen as evidence of a real slowdown. December existing home sales fell 1.0% following a 4.8% rise in November (revised from 5.9%). December new home sales fell to 369K from a revised November figure of 389K.

- Apple more or less met earnings and revenue expectations in its first quarter and its iPhone shipments rose to an all-time high of 47.8M units, but still missed consensus expectations for more than 50M units. This miss plus a big contraction in margins and signs of cannibalization of iPad sales by the new iPad mini drove the huge sell-off. Analyst sentiment shifted after the report, with many asserting that the best days of the Apple growth story is now over and that high-margins will continue to erode as competitive dynamics demand a lower-priced (and lower margin) handset offering. When the dust cleared, Apple lost its title of most valuable company in the world as the market cap fell below that of Exxon Mobil.

- Microsoft met expectations in its Q2, with revenue at record highs even as earnings fell slightly. However, the real focus was on the company's Windows division, where revenue grew around 25% y/y. Windows 8 was available only about halfway through the quarter, and correcting for the firm booking early Windows 8 revenues, the unit only saw an 11% revenue increase. In any case, both figures were far below the Windows division's 70% revenue increase seen in the quarter when Microsoft released Windows 7.

- Shares of Netflix are up 60% since its quarterly report, trading around 14-month highs. Netflix shocked markets with a tidy quarterly profit versus expectations of a loss, and it nearly doubled its streaming net adds to more than two million users on a sequential basis. Note that the company attributed much of its impressive gain in streaming to consumers snapping up tablet computers and smart TVs over the holidays.

- In other earnings news, IBM and Google had solid quarterly. Google saw higher paid clicks, lower costs and steady advertising revenue. IBM modestly topped expectations and saw excellent growth in emerging markets. General Dynamics had a terrible Q4 and blamed the slowdown in defense spending, while Lockheed and Raytheon did well. Shares of all three fell on the threat of Pentagon spending cuts. McDonalds managed to top lowered expectations in its Q4 report, although analysts are concerned about the firm's negative comps in the Asia Pacific business and flat December comps. Airlines United Continental and Southwest had misses in their Q4 reports, however the overall rosy outlook offered by executives from both firms supported the shares and helped keep the Dow Transportation Average at record levels.

- Japan has come under fire this week for new monetary policies that critics say deliberately devalue the yen, and rekindled discussion of a "currency war." The BoJ's new 2% inflation target and open-ended asset purchases were seen as somewhat compromised. Two board members voted against the inflation target, while the asset buying program is tilted toward the very short end of the curve and only begins in 2014 (when its current round of bond buying expires). USD/JPY had pushed out to 31-month highs above ¥90.20 ahead of the decision but reversed those gains to trade down just shy of ¥88, thanks to the compromises in the program plus fears that the 2% inflation target was already priced in. More verbal intervention from Japanese officials sent the pair higher later in the week, especially after Deputy Econ Minister Nishimura said USD/JPY at 100 would not pose a problem. The EUR/JPY cross got an additional boost after Japan's largest hedge fund said it would be back in market for EFSF bonds after a two-year absence.

- EUR/USD trading was listless for most of the week, well contained within the 1.3250-1.3400 corridor. On Friday, the ECB disclosed that it would receive higher initial three-year LTRO repayments than expected. This caused short-term interest rates to pop higher in Europe and sent the EUR/USD to fresh 11-month highs around 1.3470.

- The pound hit 10-month lows on turbulence from questions about the UK's position in the European Union and initial look at the UK's Q4 GDP. Technical charts suggested that more downside momentum could take place in GBP/USD pair with a double-top formation in play related to its September price action. The neckline was seen at 1.5830 with 1.53 as price objective. PM Cameron proposed a referendum take place on the question of UK membership in EU in 2017 if the Conservative party wins the next round of parliamentary elections.

TradeTheNews

Jan 25 2013

Not very active but very nicely very profitable very day. Just one 6 cents stop and a few juicy wins. Good way to finish good week.


Session Time: Fri Jan 25 00:00:00 2013
[08:42] {scottie} Hi everyone, will be off today, see you all monday :)
[09:08] {dino} gm
01[09:08] {Threei}  dino :)
06[09:08] * nemo puke
01[09:08] {Threei}  beno... norovirus?
01[09:08] {Threei}  nemo
[09:09] {nemo} no, these frickin' niceties
01[09:10] {Threei}  notice how professionals closed the market yesterday
[09:13] {nemo} cat probably long off the open
01[09:14] {Threei}  Caterpillar Inc Reports Dec Dealer statistics; retail sales of machines -1%; power systems retail -2%
01[09:15] {Threei}  interesting breakdown:
01[09:15] {Threei}  - Retail Sales of Machines: Asia/Pacific DOWN 7% EAME* UP 4% Latin America UP 14% ROW** UP 2% North America DOWN 6% World DOWN 1%
01[09:15] {Threei}  - Power systems retail: Electric Power UP 4% Industrial DOWN 20% Transportation DOWN 11% Petroleum UP 3% Total DOWN 2%
[09:15] {cipher} gm
01[09:17] {Threei}  cipher :)
01[09:17] {Threei}  I wouldn;t try to catch CAT right out of the gate
[09:19] {nemo} every solid company is getting bought up after reports, so I'd look for it to climb
01[09:20] {Threei}  sure
[09:22] {nemo} well, Doug Kass just published why CAT shares are vulnerable today
01[09:23] {Threei}  don't youi hate these vague slippery expressions
01[09:23] {Threei}  "vulnerable"
[09:23] {nemo} he's showing his sensitive side
01[09:24] {Threei}  was AAPL at 700 vulnerable?
01[09:24] {Threei}  I haven't seen anyone applying such definition to it
[09:24] {nemo} different animal
01[09:24] {Threei}  yet it dropped like a rock
[09:25] {nemo} well, kinda' went up like a shooting star too
01[09:25] {Threei}  yes, so it was what, "invincible" back then?
01[09:25] {Threei}  inbreakable?
[09:25] {nemo} interesting....the term "meteoric rise"  it's actually incorrect.  Meteors fall
01[09:25] {Threei}  i=u
[09:26] {nemo} damn...out of rum
01[09:27] {Threei}  I'd guess the term ferers to meteors in terms of speed, not direction
[09:27] {nemo} why would you use the term "rise"?
01[09:29] {Threei}  to indicate the direction? :)
06[09:29] * nemo faints
[09:29] {nemo} ooops, what I just buy
[09:29] {nemo} sbux, oy
01[09:29] {Threei}  with your forehead?
[09:30] {nemo} hit wrong keys again.  I'm going back to the frickin' mouse
01[09:30] {Threei}  I always prefered it
[09:30] {jdetente} gm all
01[09:30] {Threei}  jd :)
[09:32] {nemo} l gmcr .88
[09:32] {nemo} chec .00
[09:32] {nemo} too late
01[09:32] {Threei} Long Setup:  FB  .35 break
01[09:32] {Threei}  If holds  .25
[09:33] {nemo} looking for gmcr to hold 45  here might be worth a buy if it does
[09:33] {nemo} bought it of sbux action
[09:34] {dptl} gm
01[09:34] {Threei}  dp
01[09:34] {Threei}  lol, just prepeard alert on CAT short .90
01[09:35] {Threei}  it teleported to under .70 in a blink of eye
[09:36] {nemo} stop is to .10
01[09:36] {Threei} Short Setup: LVS  .80 break
01[09:36] {Threei}  If holds  .90
01[09:37] {Threei}  hl
[09:37] {thomcbell} looking for a long setup in dow
01[09:39] {Threei} Long Setup:  FB  .30 break
01[09:40] {Threei}  stop .24
01[09:41] {Threei}  Invalidated  LVS
01[09:41] {Threei}  half out FB
[09:42] {dptl} chk long?
01[09:42] {Threei}  offer 1/4 more around .45
01[09:42] {Threei}  and let's see if we get break of .50 and spike
01[09:45] {Threei} Short Setup: SLW  .85 break
01[09:45] {Threei}  If holds  .95
01[09:49] {Threei}  rug pull from under SPY
01[09:50] {Threei}  out FB on a trail
01[09:50] {Threei}  SLW 1:1
[09:50] {nemo} KLAC wwow
[09:51] {cc_8} Among companies with shares expected to actively trade in Friday’s session are Oshkosh Corp. (OSK), Hasbro Inc. (HAS) and Tempur-Pedic International Inc. (TPX).
[09:52] {nemo} bummer bidding .58 for KLAC
[09:52] {dino} hl l elli .30
01[09:52] {Threei}  1:2
01[09:53] {Threei}  out in full
[09:53] {jdetente} I don't care what nemo says about you Vad. You're a good guy...
[09:53] {jdetente} great trade!
01[09:53] {Threei}  ah thank you
01[09:53] {Threei}  nemo is just, you know...
01[09:54] {Threei}  insensitive
01[09:54] {Threei}  not in touch with his bunny's feminine side
[09:54] {jdetente} haha!
[09:55] {cipher} ctrp l .95
[09:55] {nemo} bunny is a girl so it's all feminine...except when she's taking a chunk out of me
01[09:55] {Threei}  give her carrot instead
[09:55] {jdetente} sounds like that Monty Python scene in Holy Grail
[09:55] {nemo} she's not much on carrots...hay, treats, apples, tortilla chips
01[09:55] {Threei}  ok, we are dangerously close to locker room humor :)
[09:56] {nemo} yeah...she's got teeth for sure
[09:56] {dino} tex hl s .28 ave
[09:56] {nemo} huh?  not even
[09:56] {nemo} KLAC might be worth a buy here
[09:56] {nemo} tight stop, but I figure they'll want to swap .50 just to shake the loose hands
[09:57] {nemo} lot of action .60 area
01[09:58] {Threei} Short Setup: OSK  .50 break sm sh
01[09:58] {Threei}  If holds  .65
01[10:00] {Threei}  *(US) DEC NEW HOME SALES: 369K V 385KE
[10:01] {dptl} jcp .30 long?
01[10:01] {Threei}  but - Prior revised higher from 377K to 398K
01[10:01] {Threei}  to me, it's a draw
01[10:01] {Threei}  no
01[10:01] {Threei}  OSK his 1:1, if anyone got it
01[10:01] {Threei}  hit
[10:02] {dino} tex stop .36, -.08
[10:03] {dino} tex rinsed
[10:03] {dptl} ne .80 ?
[10:04] {cipher} out ctrp .99 +.04
01[10:04] {Threei}  ?
[10:06] {dptl} out ne +.14
01[10:07] {Threei}  NFLX, sheesh
01[10:07] {Threei} Long Setup:  LVS  .90 break
01[10:07] {Threei}  If holds  .80
01[10:09] {Threei}  keeping an eye on CAT
01[10:09] {Threei}  still not ready but getting closer
[10:10] {cipher} ctrp l .66
01[10:10] {Threei}  poll is out characterising Obama as the most polarizing president in history
01[10:10] {Threei}  duh
[10:10] {dino} joy hl l .80
[10:10] {jdetente} wait a minute. I thought he was going to unite the country?!?!
01[10:11] {Threei}  doing a good job at that
[10:11] {jdetente} I feel duped :(
[10:11] {cipher} out ctrp .82 +.16
01[10:11] {Threei}  well, in this sense he is uniting
[10:11] {jdetente} haha
01[10:11] {Threei}  most everyone is duped
[10:11] {nemo} I miss Uncle Joe
[10:12] {dptl} tbt .50 long?
[10:12] {jdetente} Here's a great uncle joe clip. http://www.youtube.com/watch?v=NmRXH7RkCZQ
[10:12] {nemo} weird tlt going down with everything else
[10:13] {cipher} NFLX L .70
[10:13] {cipher} out .90
01[10:13] {Threei}  RBT, if manages to stay above .50, yes
01[10:13] {Threei}  TBT
[10:14] {dptl} above .40 you mean?
[10:14] {nemo} rough ride,huh cipher
[10:14] {cipher} omg nflx
01[10:15] {Threei}  yes
[10:15] {nemo} yeah, she's got a ways to go, look at the daily going back to the highs
[10:15] {nemo} 168 today me hinks
[10:15] {nemo} thinks
01[10:15] {Threei}  CAT started raising its head
01[10:16] {Threei}  want pullback now for entry
[10:18] {nemo} 178 area possible before meaningful pullback in NFLX
[10:18] {thomcbell} short setup qcom 64.24 break if holding 64..35
[10:18] {thomcbell} typed it a bit late
[10:20] {cipher} FIVE L .96
[10:23] {dptl} fslr .90 long?
01[10:24] {Threei}  yes
[10:25] {cipher} out five .90 -.05
01[10:25] {Threei}  grrr CAT
01[10:25] {Threei}  come back to pick us up
[10:27] {goryl} fslr still valid?
[10:28] {goryl} nope:)
01[10:28] {Threei}  :)
[10:29] {thomcbell} qcom 1:1
[10:29] {thomcbell} stop to 64.20
[10:30] {thomcbell} qcom flat here 64.06
[10:37] {thomcbell} darn qcom
[10:40] {nemo} things feel weaker today
[10:41] {jdetente} yeah look at VXX/ IVXY
[10:41] {jdetente} UVXY
[10:42] {nemo} yeah vx on steroids
[10:47] {thomcbell} slw was a great one today Vad
01[10:48] {Threei}  ty
01[10:48] {Threei} Long Setup:  CAT  .50 break
01[10:48] {Threei}  If holds  .40
[10:49] {dptl} two sided?
[10:50] {nemo} yeah, Vad's like that
[10:50] {nemo} did I say I was out of rum?
01[10:50] {Threei}  lol
01[10:50] {Threei}  no dp
01[10:51] {Threei}  long or bust
[10:51] {dptl} ok
01[10:51] {Threei}  if loses .40, just hunting for another entry
[10:53] {dino} joy hl l .25
[10:54] {dptl} wlp .10 short?
01[10:56] {Threei}  hl
01[10:57] {Threei} Long Setup:  CAT  .40 break
01[10:58] {Threei}  If holds  .30
01[10:58] {Threei}  target 1:4
01[10:58] {Threei}  maybe more, let's decide if/when we get there
01[11:03] {Threei}  held stop with precision worthy of a special precision award
01[11:03] {Threei}  1:1
[11:08] {dptl} nem .20 long?
01[11:09] {Threei}  yes
[11:15] {jdetente} don't rinse us CAT
[11:15] {thomcbell} lvs 52.46 break if hlding 52.36
[11:15] {thomcbell} target 1:2
[11:16] {goryl} vad, r u in NEM?
01[11:16] {Threei}  yes
[11:19] {thomcbell} stopped lvs
01[11:19] {Threei}  jd, CAT balance has been stopped on a trail under .40
[11:20] {jdetente} I stopped it out as well
01[11:21] {Threei}  OK good... wasn't sure from your comment whether you play them by the book
01[11:22] {Threei}  wow
01[11:23] {Threei}  CAT demonstrates why you stay disciplined no matter what
[11:23] {jdetente} wowzas
01[11:23] {Threei}  (US) US Federal appeals court rules President Obama's prior recess appoints to the National Labor Relations Board were unconstitutional - press- Court found that the Senate was technically in session and that the argument that Senate was on vacation and could not confirm the appointment was wrong. - Reminder: The appointment of Richard Cordray as Chief of the Consumer protection bureau (CFPB) was widely contested in 2012, with the DOJ issuing an opinion that the appointment was constitutional
[11:28] {dptl} took some out .26 nem and got out flat now
[11:30] {dptl} yum .10 long?
[11:30] {goryl} vad, what's ur stop on nem?
01[11:33] {Threei}  1:1
01[11:33] {Threei}  original stop was standard, .10
01[11:34] {Threei}  dp, what kind of trading is this...
01[11:34] {Threei}  YUM, I'd rather short it at 64 break
01[11:34] {Threei}  long is possible but a bit less odds of working
[11:35] {dptl} well it almost riched 1:1 went to .29...i punched but got .26...and then got stopped on balance
01[11:35] {Threei}  market order?
[11:35] {dptl} no
[11:36] {dptl} just was fast
[11:37] {nemo} yum under 64 could be interesting
[11:37] {nemo} clf interesting here
[11:40] {nemo} read 2nd to last paragraph:  http://www.yardbarker.com/nfl/articles/msn/darnell_dockett_i_would_have_gotten_katherine_webb_if_i_really_wanted_her_but_i_like_hood_chicks/12743086
[11:40] {nemo} short clf here could work well
[11:40] {nemo} stop to .00
[11:40] {nemo} 34.30 target
[11:42] {dptl} ye clf short .90
[11:43] {nemo} in .94
[11:43] {jdetente} stay classy Darnell Dockett
[11:50] {dptl} die clf
[11:59] {jdetente} there you go CLF
[12:00] {nemo} keep stop tight or very loose going in to HFT play time
[12:00] {nemo} aapl headed into gap zone
[12:21] {dino} cstr spike
[12:22] {dptl} got to go..have a good weekend all see ya monday
01[12:23] {Threei}  take care dp
[12:26] {thomcbell} lvs Vad - almost did it again at 52.32 break but .....
[12:26] {thomcbell} exploded
01[12:27] {Threei}  yeah
01[12:44] {Threei}  lol
01[12:44] {Threei}  look what i typed a few seconds ago
01[12:44] {Threei} Long Setup:  HLF  .50 break sm sh
01[12:44] {Threei}  it's back to entry
01[12:44] {Threei}  so valid again
01[12:44] {Threei}  If holds  .40
01[12:45] {Threei}  and 1:2 while I type
01[12:46] {Threei}  anyone got it?
[12:46] {cipher} y
[12:46] {cipher} thx
01[12:46] {Threei}  :)
[12:47] {nemo} wow
[12:47] {nemo} holy shit
[12:47] {cipher} nice call
[12:47] {nemo} better get the sling out vad, your shoulder must be hurting by now
01[12:48] {Threei}  hmmm
01[12:48] {Threei}  no, not yet
01[12:49] {Threei}  so, here is what happened
01[12:49] {Threei}  HLF Icahn: HLF could be the "mother of all short squeezes" - CNBC
01[12:49] {Threei}  luck :)
[12:49] {nemo} gotta' love it
01[12:50] {Threei}  I however chose to think I am THAT good
01[12:50] {Threei}  oww... now that shoulder is dislocated
[12:56] {nemo} why, did you scalp it instead of ride it?
01[12:57] {Threei}  because of all the self-back-patting
[13:15] {nemo} patting yourself?  TMI
01[13:15] {Threei}  sigh
[13:15] {jdetente} and now we're in locker room humor territory
[13:15] {nemo} what's this "we" stuff?
[13:16] {jdetente} ahem. I mean nemo...
[13:16] {jdetente} and nemo only
[13:16] {nemo} where does this guy live Vad?
[13:16] {jdetente} undisclosed bunker
01[13:16] {Threei}  sorry, but he asked first
01[13:17] {Threei}  and I sent him your address
[13:17] {nemo} I'm a tunnel rat by nature
01[13:17] {Threei}  with barricades and guns mapped out
[13:17] {nemo} np...338 lapua
[13:17] {jdetente} *gulp
[13:17] {jdetente} uh oh
[13:17] {nemo} couldn't believe it, we got one in last week
[13:18] {nemo} I'll end up buying it, we'll never sell it
[13:18] {nemo} frickin' rounds are $5 a piece almost
[13:18] {thomcbell} long setup POT - 43.56 break if holding 43.48
[13:19] {thomcbell} it looks extended intraday but - the pattern is very nice on the 1 minute and of course the daily and weekly look good
[13:24] {thomcbell} 43.55 break rather on POT
[13:30] {nemo} nflx new highs, sheesh, mapybe it'll go for 178 today
[13:30] {nemo} geez
[13:32] {jdetente} shorts are getting squeezed that's for sure
01[13:44] {Threei}  Apple Inc Tech blogs discuss rumors about upcoming Apple mobile device refresh- One report suggests iPad 5 to launch in Oct with a new form factor, smaller than earlier iPads, as well as thinner and lighter. Its rumored to have rounder edges like the iPad mini. - Another mentions continuing rumors of Apple working on a cheaper but still fully functional iPhone for emerging markets. The report suggests the cheaper phone will have a plastic shell, rather than metallic
[13:50] {thomcbell} pot 1:1
[13:59] {thomcbell} pot 1:2
[14:01] {dino} gj
[14:02] {will49} Aloha...just checking in
[14:03] {dino} hey will
[14:03] {will49} Hi dino
[14:04] {will49} bye dino...off to the beach
[14:05] {thomcbell} taking last quarter off here on pot
[14:20] {dino} nice one tbell
01[14:36] {Threei} Long Setup:  LVS  .85 break
01[14:36] {Threei}  If holds  .80
01[14:40] {Threei}  meh
01[14:49] {Threei} Long Setup:  CAT  95 break
[14:56] {thomcbell} im calling it quits for the day - good week guys thanks for the ideas
01[14:56] {Threei}  have a good weekend tbell
[14:56] {thomcbell} good weekend all
01[15:03] {Threei}  1:1
[15:07] {jdetente} +.12 CAT ty!
01[15:07] {Threei}  :)
01[15:13] {Threei}  1:2, out
01[15:27] {Threei}  too soon eh?
[15:31] {jdetente} CAT...gotta love it
[15:43] {jdetente} Good trading today. Everyone have a good weekend!
01[15:43] {Threei}  you too jd
[15:55] {dino} gn all
01[15:55] {Threei}  thank you all
01[15:55] {Threei}  have a great weekend
01[15:55] {Threei}  see you Monday

Jan 24 2013

No comments needed other than CAT becomes our staple stock - 3-4 trades on it daily. This one was 4th I think - 2 longs, 2 shorts.

Very nice day overall, with CAT and FB being main dish, with large wins, and stops being much smaller.


Session Time: Thu Jan 24 00:00:00 2013
[08:17] {nemo} wow nflx
[08:17] {nemo} $40 gap up
[08:22] {nemo} spy can't get under 149, so aapl isn't phasing the market yet
[08:29] {nemo} spy ripping
[08:30] {nemo} ahh jobless claims a hair better than expected
[08:41] {nemo} aapl is the proverbial "hair" away from the uptick rule...HA!!!
[08:41] {nemo} Where are my meds???
[09:03] {jdetente} gm!
01[09:03] {Threei}  jd :)
[09:06] {nemo} be interesting trading aapl on the uptick rule...never thought I'd here me say that
01[09:06] {Threei}  leave it to dino and cipher :)
[09:07] {dino} gm
01[09:08] {Threei}  dino :)
[09:10] {nemo} so they're setting up the spy to open flat
[09:14] {scottie} good morning
01[09:14] {Threei}  scottie :)
01[09:16] {Threei}  AAPL looks ready for another leg down
01[09:16] {Threei}  if loses 460
01[09:20] {Threei}  yup
[09:23] {nemo} nflx another up leg
01[09:27] {Threei}  so, two plays for you dino (and cipher, when he is in): long AAPL and short NFLX
01[09:27] {Threei}  get both right, and you can go home :)
[09:27] {ese} Fire in the hole!!!!!!!
01[09:27] {Threei}  lol
[09:27] {ese} morning
01[09:28] {Threei}  ese :)
[09:28] {ese} aapl misses by .3 of a billion 54.5 to 54.8 expected........dn 52 bucks........wow
01[09:29] {Threei}  there are some hidden troubles in that report
01[09:29] {Threei}  tablets eat at their macs
[09:29] {ese} ya....seeing lower guidance for sales etc
01[09:30] {Threei}  and mini tablets eat at bigger ones, decreasing margins
01[09:32] {Threei} Long Setup:  FB  .20 breal
[09:32] {ese} new man at the helm not as dynamic as Jobs thats for sure
01[09:32] {Threei}  If holds  .10
[09:33] {nemo} adn there goes the spy, all's well buy the dips
[09:33] {nemo} when apple didn't tank the spy or iwm  that was the all clear sign
01[09:33] {Threei}  trail to .14
01[09:34] {Threei}  1:1
[09:35] {dino} out ttm holdover, .49, +.52
01[09:35] {Threei}  wtg
[09:36] {dino} lucky
01[09:36] {Threei}  of course
01[09:37] {Threei}  give me 6 random numbers please, from 1 to 49
[09:37] {nemo} mos running
01[09:37] {Threei}  1:2, out
01[09:38] {Threei} Short Setup: POT  .30 break hl
[09:38] {nemo} mos still strong
01[09:38] {Threei}  Invalidated
01[09:40] {Threei} Short Setup: FB  .30 break
01[09:40] {Threei}  If holds  .40
[09:41] {dino} stc ntrs calls 1.50, +.55/58%, from wednesday
[09:41] {nemo} we test 150 today me thinks
01[09:44] {Threei}  no go
[09:44] {nemo} no shorting today
[09:44] {nemo} market very happy aapl didn't upset the applecart  ;-)
01[09:45] {Threei}  too much conclusion from first 15 min :)
01[09:45] {Threei}  amateurs open market, professionals close it
[09:45] {nemo} perhaps, but this has been the market all month
[09:45] {nemo} yes, and professionals have been running the market higher into the close
[09:45] {dptl} gm
01[09:46] {Threei}  dp :)
[09:46] {scottie} RIMM l. 17 ?
[09:46] {nemo} probably not
01[09:46] {Threei}  not a fan...
[09:46] {scottie} ok
01[09:47] {Threei} Short Setup: FCX  .95 break
[09:47] {nemo} least we agree on something vad
[09:47] {nemo} can play it with a real tight stop if you're looking for it to close the gap
[09:47] {nemo} rimm that is
01[09:47] {Threei}  and both are wrong {G}
[09:48] {nemo} but this could be a double top
01[09:48] {Threei}  yeah
01[09:48] {Threei}  very much looks like a trap
[09:48] {nemo} maybe long off .80ish
01[09:48] {Threei}  volume dropped into break
01[09:48] {Threei}  needs pullback
[09:48] {nemo} yeah, nobody in a hurry to buy
[09:48] {ese} L swks ..05
01[09:49] {Threei}  whole RIMM thing to me looks like hopes eventually to be popped
01[09:49] {Threei}  die FCX
[09:49] {ese} rimm is going to eat into aapl's iphone long term
01[09:49] {Threei}  trail to .01
[09:49] {nemo} I think Rimm will be on the garbage heap by next year
[09:50] {ese} nah
[09:50] {nemo} They can't design a phone for doodoo
01[09:50] {Threei}  I really doubt that ese...
[09:50] {ese} i have an iphone...........it's no big wuuoop
01[09:50] {Threei}  between iphone and android, rimm has very little to show
01[09:51] {Threei}  maybe, but vs blackberry?
01[09:51] {Threei}  1:1 FCX
[09:51] {ese} their new operating system getting rave reviews from all the tech experts
[09:51] {scottie} +.09 tks Vad
01[09:51] {Threei}  whole world abandoned bb in a hurry
[09:51] {nemo} we're past R3 on IWM, I can't believe how often we've been doing that this month
01[09:51] {Threei}  yw
[09:52] {ese} swks stop to .00
[09:52] {dptl} chk long?
[09:52] {ese} to even .06
01[09:52] {Threei}  CHK yes
[09:53] {dptl} .83?
01[09:53] {Threei}  .83
01[09:53] {Threei}  If holds  .75
[09:54] {ese} dino.........swks would have been a classic for you..........new negative news ...tanks a buck and a bit just following aapl......serious bounce back
[09:54] {ese} no new negative news
[09:54] {dino} yeah
[09:55] {dino} swks off on aapl, crus too
[09:55] {ese} ya saw that also
[09:56] {ese} swks out 1/2 .27 +.22
[09:57] {goryl} u taking chk vad?
[09:57] {ese} well.............i rounded it up to make it look good .268736..........can ya blame me
01[09:57] {Threei}  started doubting it
01[09:57] {Threei}  takes too long
01[09:57] {Threei}  nah
01[09:57] {Threei}  there are better worlds
[09:58] {ese} stop to .25 on balance
[09:58] {ese} swks thats is
[09:59] {ese} stop to .40
[09:59] {ese} chanelling dino all the way here
01[10:00] {Threei}  remember there was a TV show once, Dream On?
[10:00] {ese} to .49 swks stop
[10:00] {dino} osis a bit wide
[10:00] {ese} am really feeling dino at this point
[10:00] {dino} mkc
[10:01] {ese} lol
[10:01] {dino} dbd
01[10:01] {Threei}  look who got a leading role in it:
[10:01] {dino} var
01[10:01] {Threei}  (US) Senate Minority Leader McConnell (R-KY): Senate needs to move quickly to write a budget with spending reforms
[10:01] {dino} gj ese
[10:01] {ese} tks.........chanelling you all the way buddy
[10:01] {dptl} anf .50 long?
[10:02] {ese} stopped .51 +.45
[10:02] {scottie} great ese
[10:02] {dino} beauty
01[10:02] {Threei}  nah
01[10:02] {Threei}  wtg ese
[10:02] {ese} tks
[10:02] {nemo} aapl bounce 459.80ish
[10:02] {nemo} above 460 now
01[10:03] {Threei} Short Setup: SLW  .90 break
01[10:03] {Threei}  If holds  36
[10:03] {nemo} here comes the 150 test
[10:05] {goryl} still valid vad?
01[10:05] {Threei}  let's change to .95 break
[10:05] {nemo} euphoria
01[10:05] {Threei}  with stop .03
[10:06] {ese} I would like to thank the members of the academy for this award........swks 800 X.22 and 800 X.45.....for providing the inspiration that i need to make such a great film for you to watch........
01[10:06] {Threei}  lol
[10:06] {ese} ahhhhhhhhh...........
01[10:07] {Threei}  good boy SLW
[10:07] {ese} whoops ............hmmmmmmmwrong forum
[10:07] {dino} mkc hl l .47
01[10:07] {Threei}  1:1
06[10:08] * Threei slaps nemo around a bit with a [09:44] {nemo} no shorting today
[10:08] {ese} lol
[10:08] {scottie} +.10 tks Vad
01[10:08] {Threei}  yw :)
[10:08] {ese} no question he needs it
[10:10] {nemo} oh a .05 short, puleeese
01[10:10] {Threei}  huh?
[10:10] {nemo} slw
06[10:10] * Threei slaps nemo around a bit with a math book
[10:11] {ese} and no question he needs that as well!
[10:11] {ese} he can take make Pre Calculus 11 final today
01[10:11] {Threei}  1. 10 cents and 2. second in a row
[10:11] {ese} my
[10:13] {dptl} pay long?
01[10:13] {Threei}  can't tell
06[10:15] * Threei slaps nemo around a bit with a 1:2 on SLW
[10:16] {nemo} lucky
01[10:16] {Threei} Long Setup:  CAT  .10 break
[10:16] {ese} annnnnnnnndddddddddd!!!!!!..............he deserved that as well
01[10:16] {Threei}  hehe
01[10:18] {Threei}  no go
[10:21] {nemo} cat between here and .90
[10:21] {ese} gotta be alot of people drinking coffee this morning....gmcr.......i don't think this comany is profitable is it?
[10:22] {ese} taking off like a bat outta hell
[10:23] {ese} you mean bunny between here and .90
01[10:23] {Threei} Long Setup:  FB  .25 break
01[10:23] {Threei}  If holds  .20
[10:24] {nemo} cat here
[10:25] {nemo} stop under .86
[10:26] {nemo} half .99
01[10:26] {Threei}  good one
01[10:27] {Threei}  no go FB
[10:27] {nemo} support was vwap and open, so just put stop under it
[10:27] {nemo} got .89
[10:28] {jdetente} followed you on CAT nemo. +.15. ty!
[10:29] {dino} out mkc -.18
01[10:30] {Threei}  see, if you hit nemo repeatedly, he can be useful member of society
[10:30] {ese} indeed
[10:31] {ese} not to mention......he's my reason for being on the board this morning
01[10:31] {Threei}  hmmm'
01[10:31] {Threei}  a date?
[10:32] {jdetente} hey what kind of board is this??
[10:32] {jdetente} haha
[10:32] {ese} can't think of a better way to spend my money.........am already out with money and so am now spending time slaming nemo.......what could be better
[10:32] {ese} life just doesn't get any better
[10:33] {ese} was also in the dino zone...............perfect
[10:34] {dino} i want some of what you are smoking
[10:34] {nemo} he's on an Obama high
[10:34] {ese} lol
[10:34] {nemo} want that dino?
[10:34] {dino} never
[10:35] {ese} you 2 are just gonna have to make money regardless
[10:36] {ese} I know you won't like it.........but it's a cross your both gonna have to bear
[10:36] {nemo} mmmhh....I leave that one alone
[10:39] {dptl} clf .60   ah late
[10:40] {nemo} shorted mnst .42
[10:40] {thomcbell} wow rimm
[10:40] {nemo} trend line stop
[10:40] {thomcbell} fantastic up move
[10:40] {nemo} about .45ish now
[10:40] {nemo} looking for this one to drip drip drip
[10:41] {nemo} try to get a partial at .29
[10:41] {nemo} yep
[10:41] {nemo} target is the whole
[10:41] {dptl} vlo long?
01[10:42] {Threei}  not really active enough
[10:42] {nemo} remember, no shorting
[10:42] {dptl} k
[10:43] {nemo} looking for esrx bounce by .65ish
[10:43] {scottie} PFE l .20 ?
[10:44] {dino} tcbi drop
01[10:45] {Threei}  not sure PFE... stays locked for too long
[10:45] {dptl} lrcx 40 long?
[10:45] {nemo} more mnst here
[10:45] {scottie} tks
[10:45] {nemo} hold the last for .05ish
01[10:46] {Threei}  LRCX, hl, yes
[10:46] {goryl} u going for it vad?
01[10:47] {Threei}  if it lets me in, lol
01[10:47] {Threei}  can be jumpy
[10:47] {nemo} stop .22ish
01[10:48] {Threei}  so nemo, no shorting eh?
[10:48] {nemo} do as I say, not as I do
[10:48] {nemo} amgn
[10:48] {nemo} sorry
[10:53] {thomcbell} u guys do alright this am - looks like there was some good activity
01[10:55] {Threei}  LRCX touched 1:1 but didn't take me out
01[10:56] {Threei}  ok, half out
[10:56] {nemo} hah, cat returned just about to my open and then took off
01[10:56] {Threei}  was good double bottom play
01[10:57] {Threei}  too bad you slep at the wheel and didn't alert us
01[10:57] {Threei}  good boy LRCX
01[10:57] {Threei}  let's do 1:2
[10:58] {nemo} wow cat
01[11:00] {Threei}  (EU) German Foreign Min Westerwelle says Eurozone crisis now past lowest point
01[11:00] {Threei}  or just dead cat bounce
01[11:01] {Threei}  good thing we have trails in methodology
01[11:01] {Threei}  re: LRCX
01[11:02] {Threei}  Sen. John Kerry on Iran: Our policy is not containment, it is prevention and the clock is ticking
01[11:03] {Threei}  White House says North Korean threats are 'needlessly provocative'; further test would violate UN resolutions
01[11:03] {Threei}  are we about to start two new wars, instead of two expiring ones?
[11:03] {dino} no, n korea just needs oil, so threaten obummer and he will give it to them
01[11:03] {Threei}  John Kerry "We'll be in Afghanistan well beyond 2014"
01[11:04] {Threei}  that's not what his president said
[11:05] {dptl} low .25 short?
01[11:06] {Threei}  if SPY failes to break 150...
01[11:06] {Threei}  and if nemo allows
[11:07] {ese} am outta here cya tomorrow........make a great day all
[11:07] {nemo} don't expect it to drop much  we move up and move sideways
01[11:07] {Threei}  take care ese
01[11:07] {Threei}  CAT...
[11:07] {dino} cya
01[11:07] {Threei}  .50 break may provide nice short
[11:07] {ese} vad dino nemo jd et al
01[11:07] {Threei}  it tends to do this long slide midday
[11:07] {jdetente} have a good one ese
01[11:08] {Threei}  again, if SPY can't break 150
[11:08] {nemo} yeah but you have old resistance new support at .42
01[11:08] {Threei} Short Setup: CAT  .50 break
01[11:08] {Threei}  If holds  .60
[11:10] {dptl} qcom .40 sh?
01[11:11] {Threei}  target 1:2, maybe 1:3
01[11:11] {Threei}  QCOM, don't know
01[11:15] {Threei}  1:1
[11:16] {dptl} mpc .10 long?
01[11:17] {Threei}  no
[11:17] {dptl} no
01[11:17] {Threei}  CAT is too slow for you or what
[11:17] {dino} mlnx? misses, lowers, drops 10, goes pos
[11:18] {nemo} bull market
[11:18] {dptl} didt take cat
[11:18] {nemo} having said that, look at daily dino, filled gap
[11:18] {thomcbell} how about appl down 11 % and market hitting highs
[11:19] {nemo} yeah, when the market didn't drop on the aapl collapse, the market partied
01[11:19] {Threei}  Lazard: While visibility remains limited and numbers get reset, firm continues to believe that fundamentals in Infiniband remain intact and they see the 1Q reset as a bottom as the story is repositioned for accelerated growth in the 2H. Firm continues to believe that MLNX can benefit from increased penetration in verticals of cloud computing, Web 2.0, and storage.
01[11:19] {Threei}  1:2 CAT
[11:19] {dino} thx
[11:20] {dino} \tcbi hl l .50
01[11:20] {Threei}  what kind of specialty that Lazard is... "MLNX can benefit from increased penetration"... sounds quite kinky
[11:21] {dptl} short qcom
[11:21] {dino} qihu drop
[11:21] {dptl} qcom
[11:21] {dino} out tcbi .86, +.36
[11:21] {thomcbell} are u involved with a short setup on qcom vad?
01[11:21] {Threei}  decisively no
01[11:22] {Threei}  my involvement with QCOM equals my commitment to building communism in Antarctica
01[11:22] {Threei}  I hate cold and I hate communism
[11:23] {dino} 2 degrees here
[11:24] {dino} was -5 f when i got up this a.m.
[11:24] {jdetente} yikes
01[11:24] {Threei}  oh stop it, -40 in Winnipeg
01[11:24] {Threei}  MINUS 40
[11:25] {dino} that would really suck
[11:25] {dptl} half out
01[11:25] {Threei}  who never experienced it has no idea
01[11:25] {Threei}  exposed skin gets frozen in 1-2 min
[11:25] {nemo} spy likely going to .26
01[11:26] {Threei}  your 2 feels like golf weather when cold lets up in Manitoba
[11:27] {jdetente} climate change....global warming. haha
01[11:27] {Threei}  friends calling from there start with "where the &*^%$ that global warming when you need it"
[11:29] {jdetente} that truly sounds hellish
01[11:30] {Threei}  people walk in ski masks
01[11:30] {Threei}  leaving car for a few hours outside you plug it so oil doesn't freeze solid
[11:31] {dptl} rht .20 long?
01[11:31] {Threei}  all cars are equipped with plug-in warmers, and parking lots have outlets
01[11:31] {Threei}  nah, tough one
[11:35] {thomcbell} qcom vad - hehe
[11:37] {dptl} wlp.20 long?
[11:38] {nemo} stop under that volume spike, and perhaps then flip and go shor tif it drops below
01[11:38] {Threei}  WLP, not delighted
[11:38] {dptl} why?
01[11:38] {Threei}  how long do you stare at T&S waiting for the next print?
[11:39] {dptl} i see
[11:41] {nemo} look for cat bounce 97.10 ish
01[11:41] {Threei}  CAT at 1:3
01[11:41] {Threei}  11:07] {Threei} it tends to do this long slide midday
[11:42] {nemo} vwap and pivot at .05 plan your last sell
01[11:42] {Threei}  was that a good observation or was it a good observation
[11:42] {jdetente} CAT is good trading
01[11:42] {Threei}  meanwhile, QCOM... {G}
01[11:43] {Threei}  hate that stock, lol
01[11:43] {Threei}  right up there with communism in Antarctica
[11:43] {thomcbell} lvs trying to put something together here
[11:44] {nemo} I've got a buy at .08 for cat
[11:45] {nemo} mmmhhh GS red, weird
[11:46] {nemo} bummer, not going to get it it looks like
[11:50] {dino} fmcn drop
[11:52] {dptl} hfc .70 long?
01[11:52] {Threei}  hl
[11:53] {goryl} u going in vad?
01[11:53] {Threei}  missed it
[11:53] {dptl} got only 200
[12:02] {thomcbell} fb looks like a short setup here
[12:02] {thomcbell} 31.20 break
01[12:03] {Threei}  I like
01[12:04] {Threei}  worth a try
[12:04] {nemo} mhhh, cat long .08?  maybe
[12:04] {dptl} shorted fast .69
[12:04] {dino} china stocks getting hit
01[12:04] {Threei}  cipher... slacking on a day of AAPL and NFLX :)
[12:05] {cipher} yeah...
[12:05] {cipher} bad week
[12:06] {nemo} o.k. in
[12:06] {nemo} stop under whole
[12:06] {nemo} partial at .14
[12:06] {nemo} well, will, if, you know
[12:07] {nemo} mmmhhhh GS weak
01[12:13] {Threei}  good boy FB
01[12:14] {Threei}  1:1
[12:14] {thomcbell} im using pivot of target for second half vad at 31.04
01[12:14] {Threei}  everyone got contagion of pivots...
01[12:14] {Threei}  :)
[12:14] {cipher} sina l .70
01[12:14] {Threei}  nemo, see what a monster you've created?
01[12:15] {Threei}  pivots, pivots, wherever you look
01[12:16] {Threei}  Google Inc Partner City 24/7 launches services in New York City utilizing Google data, to feature 250 touchscreen kiosks - Google company blog- To give you an easy (and free) way of learning about your surroundings, were installing 250 Smart Screens in retrofitted telephone booths across NYC. City 24/7 Smart Screens are large, interactive touch screens that give you a range of information about local businesses and points of interest. And in the case of an emergency you can also access vital safety information - Note that City 24/7's other technology partners are Cisco and LG Electronics.
[12:16] {thomcbell} i was already hopelessly in love with the pivots - he made it worse
01[12:16] {Threei}  hehe
[12:16] {nemo} why, what happened
[12:17] {nemo} whoa, cat worked, but market going down mmmhhh
[12:17] {dino} banr drop
[12:18] {jdetente} scalped CAT...thanks nemo
[12:18] {dino} hl l .75
[12:18] {nemo} np
[12:20] {cipher} out sina -.07
[12:21] {thomcbell} i flattened FB at 31.04
01[12:22] {Threei}  sick precision
[12:24] {dptl} out fast
[12:25] {dptl} got to go...see ya tomorrow all have a good one :)
01[12:26] {Threei}  take care dp
[12:26] {dino} cya dp
[12:28] {thomcbell} banr one to watch here - upward sloping 50 sma is 30.34
[12:30] {cipher} banr s .61
[12:30] {nemo} gonna' bounce by .31
[12:33] {dino} banr top -.35
01[12:34] {Threei} Short Setup: CAT  97 break
[12:34] {nemo} o.k. bounced at .32
01[12:34] {Threei}  If holds  .10
[12:34] {cipher} cov banr .34
[12:35] {thomcbell} nice cipher
[12:35] {nemo} wow, small volume phewww
[12:36] {cipher} l banr .29
01[12:42] {Threei}  needless to say, CAT 1:1
01[12:42] {Threei}  and nears on 1:2
[12:47] {nemo} aapl looks like it wants to head to test the lows
[12:53] {dino} banr hl l .24
01[13:00] {Threei}  out CAT un full
01[13:00] {Threei}  man, this stock became a pure beauty
01[13:21] {Threei}  anyone's breating?
[13:21] {nemo} never breated before
[13:22] {dino} lol
01[13:23] {Threei}  smart pants...
[13:26] {cipher} banr stopped .10 -.19
[13:28] {dino} banr stop -.26
Session Close: Thu Jan 24 13:30:30 2013

Session Start: Thu Jan 24 13:30:30 2013
Session Ident: #discussions
02[13:30] * Disconnected
02[13:32] * Attempting to rejoin channel #discussions
03[13:32] * Rejoined channel #discussions
[13:35] {dino} wac drop
[13:36] {dino} gap fill
[13:38] {dino} sm l .15 ave
[13:46] {dino} out wac .39, +.24
[14:00] {thomcbell} lvs 52.91 break if holding 52.85 for a scalp long
[14:03] {thomcbell} invalid but still watching for another similar setup
[14:03] {nemo} market heavy, longs might be difficult
[14:06] {scottie} AIG s .50 ?
[14:07] {scottie} or is it a db
01[14:09] {Threei}  SPY is trying to bounce...
01[14:09] {Threei}  DB is more likely
01[14:09] {Threei}  not enough for me personally to commit
[14:09] {scottie} tks
[14:09] {nemo} that might be it, it might not want to give up 149
[14:10] {dino} banr rinsed us cipher
[14:19] {scottie} LPS s .80 ?
01[14:23] {Threei}  I think so but be ready for a slow trade
[14:24] {scottie} tks
[14:24] {scottie} in .79
[14:25] {scottie} filled 400 sh only
01[14:26] {Threei}  hmm... maybe not that slow :)
[14:26] {scottie} stop .86
[14:28] {scottie} quick scalp +.09
01[14:28] {Threei}  :)
[14:39] {nemo} how long does it take a grasshopper with a wooden leg to kick all the seeds out of a dill pickel?
[14:59] {nemo} wow...dead around here
[15:00] {jdetente} snoozing
01[15:01] {Threei}  we are thinking about your question
01[15:01] {Threei}  hard
01[15:01] {Threei}  I submitted it to ese
[15:02] {scottie} SWKS s .40 ?
01[15:02] {Threei}  I think so
01[15:02] {Threei}  hal
01[15:02] {Threei}  hl
[15:02] {nemo} think indexes going up a bit more
[15:03] {scottie} in .39
01[15:13] {Threei} Long Setup:  RIMM  .90 break
[15:16] {jdetente} stop under .80?
[15:17] {nemo} every time I see your nick I think of Henry Kissinger, which, I guess, gives you an inkling as to how old I am
01[15:17] {Threei}  yes
[15:18] {jdetente} I took it from that policy. Heard it in government class and liked the way it sounds. ha
[15:22] {nemo} Heard it in class...oh jeez...I frickin' lived through it
[15:23] {nemo} oops, wrong key combo, just went' short rimm
[15:23] {nemo} I hate that
[15:25] {nemo} a little luck, I'll get out of this whole
[15:25] {scottie} out swks -.13
[15:26] {nemo} maybe not, look at that pile up on the bid oy frickin' vay
01[15:32] {Threei}  ok RIMM, it's time
01[15:32] {Threei}  let's trail to .83 btw
[15:32] {dino} osis lod
01[15:46] {Threei}  out
01[15:46] {Threei}  no more trades for today, no point in pushing on last minutes
01[15:46] {Threei}  thank you all, have a good evening, see you tomorrow
[15:46] {scottie} gn
[15:47] {jdetente} gn all

Jan 23 2012

Flat to slightly positive day, depending on which trades you got and missed. A few morning winners were a bit too fast for confident execution.


Session Time: Wed Jan 23 00:00:00 2013
[08:37] {KSystems} *yawn*
[08:38] {KSystems} coffee?
06[08:38] * KSystems slaps Threei around a bit with a large trout
01[08:53] {Threei}  sigh... who drinks coffee with fish??
01[08:53] {Threei}  those europeans...
[09:04] {cipher} gm
01[09:05] {Threei}  cipher :)
[09:12] {scottie} good morning
01[09:12] {Threei}  scottie :)
01[09:12] {Threei}  you OK?
[09:12] {dino} gm
[09:13] {scottie} yes, wife is back from hospital, should be ok now, tks for asking
01[09:13] {Threei}  dino :)
01[09:13] {Threei}  great to hear
[09:13] {scottie} now let's get them
06[09:15] * KSystems gets the trout pieces out of the coffee
[09:15] {KSystems} morning
06[09:16] * Threei gathers bits and peices of the fins and fish skin and pours them back in KS's coffee when he turns away
[09:18] {nemo} verdammten Deutscher
01[09:24] {Threei}  UK PM Cameron proposes referendum on UK remaining in EU by 2017
01[09:25] {Threei}  - PM Cameron gave his speech on UK relationship with Europe which started that he was not a British isolationist and wanted the UK to remain in EU as a committed and active member. He noted that going forward with more of the same is not an option; need fundamental change. PM Cameron confirmed that he was in favor of a simple in or out referendum on EU membership to be held in the first half of the next Parliament
[09:26] {KSystems} Yes nemo I love you too
[09:26] {ese} morning
[09:26] {jdetente} gm all
[09:26] {ese} jd
01[09:27] {Threei}  ese, jd :)
[09:27] {ese} mornin vad
[09:28] {ese} wheres will these days.......holidays
01[09:28] {Threei}  Maui
01[09:29] {Threei}  should be back in a week
[09:29] {ese} nice
01[09:29] {Threei} Long Setup:  FB  .10 break hl
01[09:30] {Threei}  If holds  31
[09:30] {cipher} CELG L .01
01[09:30] {Threei}  change to .05 break
[09:31] {cipher} out .27
01[09:31] {Threei}  half out
01[09:32] {Threei}  stop .04
01[09:32] {Threei} Short Setup: FCX  35 break
01[09:32] {Threei}  If holds  .10
[09:32] {nemo} just go long the indexes
01[09:33] {Threei}  on pullback, I will
[09:33] {cipher} iaci l .80
01[09:33] {Threei}  morning volatility needs to be worked out
[09:33] {goryl} fcx still valid?
01[09:33] {Threei}  yes
01[09:35] {Threei}  1:1, if you got it
01[09:35] {Threei}  1:2
01[09:36] {Threei} Long Setup:  CAT  .10 break hl
01[09:36] {Threei}  If holds  97
[09:36] {dino} coh hl l .25
[09:37] {dino} cybx hl l .90
01[09:38] {Threei}  1:1
[09:38] {nemo} I went in .04
[09:38] {scottie} jumped from .08 to .14 on my level 2
01[09:38] {Threei}  yeah
[09:38] {goryl} me too
01[09:38] {Threei}  nemo's aggressive was the only way to get it
[09:39] {nemo} I played the whole number as the bounce level
01[09:39] {Threei} Short Setup: FCX  35 break hl
[09:39] {dino} out coh .49, +.24
[09:39] {dino} stop cybx -.24
01[09:39] {Threei}  If holds  .05
[09:41] {dino} coh hl l .87
[09:42] {dino} no go
01[09:43] {Threei} Long Setup:  FB  .90 break
01[09:43] {Threei}  no go FCX
01[09:44] {Threei}  FB stop .84
[09:44] {ese} great minds.......am just watching fb
[09:44] {dino} adding coh calls
01[09:44] {Threei}  out, not ready yet
[09:44] {nemo} got a hard stop cat under .14
[09:45] {nemo} pivot is .16
[09:46] {nemo} oh well
[09:46] {ese} L fb .90
[09:46] {nemo} too funny, I had just raised my stop from .08, should have kept it
01[09:46] {Threei}  ugh, rinse
[09:46] {ese} 1/2
01[09:47] {Threei}  or shouldn't have to try to be cute and put stop under .80
[09:47] {nemo} so funny, they came down to clear out the stops above the breakout, bastids
[09:47] {ese} .99
[09:47] {dino} cybx hl l .55
[09:47] {ese} nice full .09
[09:48] {nemo} frickin cat
[09:48] {ese} might be the first time i've been in FB
01[09:49] {Threei}  it trades well lately
[09:49] {ese} i'll say
[09:49] {thomcbell} it trades great
01[09:49] {Threei} Long Setup:  TNA  .40 break
01[09:49] {Threei}  If holds  .30
[09:50] {dino} cybx stop-.27
[09:50] {cipher} esrx l .75
[09:50] {dino} ttm hl l .55
01[09:51] {Threei}  target 1:3
[09:52] {dino} wow cybx drop
01[09:53] {Threei}  1:1
[09:53] {scottie} +.10 tks Vad
01[09:53] {Threei}  yw
01[09:54] {Threei}  shrap drop SPY
[09:54] {cipher} out esrx -.11
01[09:55] {Threei}  1:2
01[09:56] {Threei}  this is wierd divergence between SPY and TNA
[09:56] {nemo} yeah, but not unusual in a bull market in that smaller firms run
[09:56] {cc_8} Among companies with shares expected to actively trade in Wednesday’s session are Google Inc. (GOOG), Coach Inc. (COH) and Annie’s Inc. (BNNY).
[09:56] {nemo} watch finnies, they bottomed
01[09:56] {Threei}  think?
01[09:57] {Threei}  JPM still looks infirm
[09:57] {nemo} look fas, that's support TNA
01[09:57] {Threei}  although .20 break starts looking like entry
[09:58] {scottie} swy
01[09:58] {Threei}  FAS says yes, GS says not sure
01[09:58] {Threei}  CYBX dino
01[09:58] {Threei}  Cyberonics, Inc Streetsweeper.org makes negative comments- Today, we present our highest conviction expose yet highlighting folly in the form of a significant valuation bubble. More importantly, we present -- with the help of a whistleblower -- very serious allegations of unscrupulous and potentially fraudulent activity on the part of Cyberonics
01[09:59] {Threei} Long Setup:  JPM  .20 break
01[09:59] {Threei}  SWY Strength attributed to news Metro Inc of Canda announces sale of halfs its stake in Alimentation Couche-Tard for CAD $479M
[09:59] {cipher} CYBX L .23
[09:59] {cipher} out cybx .57
01[10:00] {Threei}  (US) IMF updates World Economic Outlook (WEO) cuts global 2013 GDP growth forecast to 3.5% from +3.6% Oct view
[10:00] {cipher} iaci l .95
[10:01] {dino} ty 3i
01[10:01] {Threei}  sure thing
01[10:01] {Threei}  *(CA) BANK OF CANADA (BOC) LEAVES INTEREST RATES UNCHANGED AT 1.00%; AS EXPECTED- More muted inflation outlook - While some modest withdrawal of monetary policy stimulus will likely be required over time, consistent with achieving the 2 percent inflation target, the more muted inflation outlook and the beginnings of a more constructive evolution of imbalances in the household sector suggest that the timing of any such withdrawal is less imminent than previously anticipated - The economy will now hit full capacity only in the second half of 2014, not the end of 2013 as predicted in the October Monetary Policy
01[10:01] {Threei}  canadian dollar dropped hard on this
01[10:02] {Threei}  here is to its continuing drop
[10:02] {dino} lol
[10:02] {dptl} gm
[10:02] {ese} indeed
01[10:02] {Threei}  dp :)
[10:02] {ese} ddddddddddddddddppppppppppppppppppp!!!!!!!!
[10:03] {ese} that has to be a classic greeting by now
[10:03] {dptl} lol...Ese :)
01[10:03] {Threei}  Invalidated  JPM
[10:04] {dino} wtw trades heavy
[10:05] {ese} ahhhhhh ha!..........i get it
[10:06] {ese} sitting here looking at the trading pattern trying to figure out what dino is talking about
[10:06] {dino} :)
[10:06] {ese} and damn
[10:06] {ese} .......just noticed the name
01[10:06] {Threei}  lol
[10:06] {cc_8} One of the most popular ETFs launched in the past couple years is PowerShares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV), and it's not hard to guess why.
[10:09] {nemo} wow, bummer getting stopped out of CAT
[10:09] {nemo} had the frickin' bottom
[10:11] {dino} bnny
01[10:11] {Threei}  *(EU) EURO ZONE JAN ADVANCED CONSUMER CONFIDENCE: -23.9 V -26.0E
[10:11] {nemo} and the market goes up
01[10:11] {Threei}  IMF's Blanchard: Optimisim is 'in the air'; considerable challenges remains
[10:12] {dptl} long pay .98
01[10:12] {Threei} Long Setup:  JCP  .10 break
01[10:12] {Threei}  If holds  19
[10:12] {nemo} take it above the whole
01[10:13] {Threei}  let me register the setup leaving it to you to decide between aggressive and regular
01[10:13] {Threei}  Invalidated
[10:14] {nemo} oh, was thinking jpm, although it still might work
[10:15] {dino} coh hl l .06 jumpy
01[10:15] {Threei} Short Setup: CAT  .50 break hl
[10:16] {cipher} AIRM l .75
01[10:16] {Threei}  If holds  .60
[10:16] {nemo} cipher and his dinoesque Rorschach stocks
[10:18] {dino} out coh .36, +.30
[10:18] {dptl} clf .60 short?
01[10:18] {Threei}  CAT should be good for 1:2, then bounce
[10:18] {nemo} should be able to ride that to 53ish
[10:19] {dino} dinoesque, lol
01[10:19] {Threei}  CLF, yes, hl
[10:19] {cc_8} Earnings: Abbott Labs, Amgen, Apple, Coach, General Dynamics, McDonald’s, Netflix, United Tech, US Airways and WellPoint, among others.
[10:19] {goryl} u taking it vad?
01[10:19] {Threei}  if CAT allows
[10:20] {nemo} cat bounce territory
01[10:20] {Threei}  1:1
[10:21] {scottie} +.09 tks Vad
01[10:21] {Threei}  yw
[10:22] {nemo} wow, spy down, iwm up, finnies down sheesh
01[10:22] {Threei}  too much "optimism in the air"
[10:22] {jdetente} +.12 ty!
[10:23] {dino} careful 07 red
01[10:23] {Threei}  yw
01[10:24] {Threei}  CAT 1:2, out
[10:25] {cipher} JBHT l .32
[10:27] {dptl} stopped clf
[10:30] {cipher} airm stopped -.14
[10:30] {cipher} jbht stopped -.05
[10:32] {dptl} vz .
[10:33] {dptl} .70 sh?
01[10:34] {Threei}  nah
01[10:34] {Threei}  rather bounce play
[10:34] {scottie} Isn't it an inverse C&H ?
01[10:36] {Threei}  it is, what makes me doubtful is the fact that it holds above its low while SPY makes new ones
[10:36] {scottie} tks
01[10:37] {Threei}  compare their respective charts,
01[10:37] {Threei}  you'll see relative strength
01[10:37] {Threei}  andf this kind tends to hold and bounce as soon as SPY tries to strengthen
01[10:38] {Threei}  worse yet, it can turn into trap, by dipping briefly under support, triggering your short and immediate;y recovering.
01[10:38] {Threei}  It'd tale a lot of new weakness in market to make this short work
01[10:38] {Threei}  not impossible, just low odds play
[10:38] {goryl} Vad, do u use RSI indicator?
01[10:39] {Threei}  no
[10:39] {scottie} AEP l .05 if holds 44 ?
01[10:39] {Threei}  I use "relative strength" term in its direct meaning, stock vs market
[10:39] {goryl} ok
01[10:40] {Threei}  AEP yes
01[10:40] {Threei}  salmon
[10:40] {goryl} u taking it?
01[10:40] {Threei}  yes, liking it
01[10:41] {Threei}  wow, did we cover CAT too soon
01[10:42] {Threei}  and when I say wow, I mean WOW
[10:44] {cipher} pdce l.62
[10:44] {dino} lol watching that too
[10:45] {cipher} cat l .90
01[10:45] {Threei}  AEP invalidated unfortunately
[10:46] {cipher} iaci to .48
[10:47] {scottie} FE l .35 if holds .25 ?
01[10:48] {Threei}  yup
[10:48] {goryl} u taking it?
01[10:48] {Threei}  yup
[10:51] {ese} am outta here cya tomorrow
01[10:51] {Threei}  take care exse
01[10:51] {Threei}  -x
[10:52] {nemo} -x?  on on Unix?
01[10:55] {Threei}  let's trail stop to .28
01[10:56] {Threei}  on FE that is
[10:59] {dptl} half out fe ty
01[10:59] {Threei}  1:1
[11:00] {dino} elli hl l .80
[11:00] {scottie} yw
[11:02] {cipher} alxn l .02
[11:03] {scottie} AEP rinse
[11:09] {dptl} can we move stop to under .40 fe?
[11:09] {cipher} out alxn .10
01[11:10] {Threei}  I'd prefer .37
[11:10] {dptl} ok
[11:10] {dptl} rht .20 long?
01[11:16] {Threei}  not delighted
01[11:16] {Threei}  no life in it
[11:17] {dptl} k
01[11:17] {Threei}  watching it for a few minutes, it's a jellyfish hanging from a flahpole in windless weather
[11:19] {dptl} out fe
[11:19] {scottie} out
[11:20] {jdetente} yup out FE
[11:26] {scottie} CAH l. .15 if holds .05 ?
01[11:26] {Threei}  yes
01[11:26] {Threei}  good looking setup
01[11:27] {Threei}  SPY is in the bounce zone too
[11:27] {scottie} in .16
[11:29] {dptl} stx .75 long?
01[11:30] {Threei}  hl
01[11:30] {Threei}  this one can be volatile
[11:34] {dino} wtw hl l .00
[11:37] {nemo} cat worth a try
[11:38] {nemo} wlp looks short
[11:41] {dino} out elli .32, +.52
[11:41] {scottie} great dino :)
[11:41] {nemo} covering cat some here
[11:42] {cipher} wtw l .69
[11:43] {dino} ty
[11:43] {nemo} got 50day and 200 day support in this area dino/cipher
[11:45] {dino} not loving it
[11:45] {nemo} no, me neither
[11:46] {nemo} cipher's entry better
[11:46] {dino} ttm thoughts nemo?
[11:46] {nemo} it drops this low, probably looking another buck down
[11:48] {nemo} at the 50 day that's major, but it's way below daily pivots it's at the whole, i'd want to see it build a bit of a base around here
[11:48] {dino} wtw stop
[11:48] {nemo} plus it's lunch, if you want to buy it, you can stay in the bid for now...I don't see anything at the moment
[11:48] {nemo} ttm that is
[11:48] {dino} ty
[11:49] {nemo} buy the whole but keep a tight stop, this could drop out easily
[11:50] {nemo} wtw, short  likel to 53.70ish, would like to see it test .60 again and then go short
[11:50] {cipher} WTW stopped -.19
[11:52] {dptl} out half stx
06[11:56] * Threei kicks CAH in the rear
[11:56] {dptl} out stx
[12:01] {dptl} infa .75 long?
01[12:02] {Threei}  can't tell, stalled
[12:02] {thomcbell} i like it
[12:08] {dptl} bhi?
01[12:09] {Threei}  breakout... lunch time...
[12:10] {dptl} oh ye :)
01[12:15] {Threei}  couple more cents, CAH
[12:16] {scottie} stop .09 ?
01[12:17] {Threei}  absolutely
01[12:17] {Threei}  chinese water torture
[12:19] {dptl} hfc .20 sh?
01[12:20] {Threei}  hl
01[12:20] {Threei}  bands tighntened
01[12:20] {Threei}  should make a move
01[12:20] {Threei}  and down is a tad more likely than up
01[12:20] {Threei}  although not enough for me to commit
[12:22] {dptl} ok ty
01[12:34] {Threei}  market's drifting aimlessly
01[12:36] {Threei}  Indiana law banning sex offenders from social networking sites is unconstitutional, federal appeals court finds
[12:38] {jdetente} they should have a requirement in the profile that a sex offender has to identify that they have been convicted of a sex crime and have that shown in their status
[12:38] {jdetente} just like a sex offender has to identify themself when moving into a new neighbourhood
01[12:40] {Threei}  they'll find it offending his sensitivities
01[12:41] {Threei}  and negatively influencing his complexity
[12:41] {jdetente} yeah it might hurt his self esteem *rolls eyes*
01[12:41] {Threei}  complexion, sorry
01[12:45] {Threei}  US labor unions saw sharp declines in membership in 2012; unionization rate hit lowest level since the 1930s
01[12:45] {Threei}  watch me crying
[12:46] {dino} ttm l .97
[12:53] {dino} mlnx spike
[12:56] {dino} damn, non avail
[12:57] {jdetente} goodbye CAH
[12:58] {scottie} out .06
[12:59] {scottie} gotta go now, bye everyone
01[13:01] {Threei}  take care scottie
01[13:07] {Threei} Long Setup:  CAT  .95
01[13:07] {Threei}  If holds  .85
[13:07] {dino} coh hl l .19
01[13:10] {Threei}  target 1:4
01[13:22] {Threei}  1:1
01[13:40] {Threei}  next push
01[13:41] {Threei}  note, CAT acts like salmon
[13:59] {dino} ioc drop
01[14:00] {Threei}  1:2
[14:04] {dino} ioc sm l .40
[14:22] {dino} hlf drop
[14:26] {dino} out ioc -.20
[14:27] {dino} out coh .43, +.24
01[14:32] {Threei} Short Setup: FB  .15 break
01[14:32] {Threei}  If holds  .25
[14:38] {dino} wow ioc
01[14:39] {Threei}  market spike, let's leep FB stop .21
[14:42] {dino} ioc hl l .33 gappy
[14:54] {dino} alxn drop
[14:56] {nemo} aapl ripping mammaries
01[15:15] {Threei}  frikin FB
01[15:15] {Threei}  rinsed
[15:18] {jdetente} ah shoot
01[15:20] {Threei}  grrr
[15:22] {jdetente} you know it feels like a big gap down is coming one of these days for the SPY
01[15:22] {Threei}  when it's the least expected
[15:22] {jdetente} time to buy puts !
[15:22] {jdetente} :)
01[15:23] {Threei}  well, this I don't know... "when it's the least expected" by definition means I don't know when to expect it :)
01[15:23] {Threei}  trend can carry on longer than you can stay solvent
[15:25] {jdetente} true
01[15:27] {Threei} Short Setup: FCX  35 break
01[15:28] {Threei}  stop is .11 for now but will trail it soon
[15:32] {dino} out ioc .73, +1.40
01[15:33] {Threei}  wtg
[15:33] {dino} ty
[15:36] {dino} wow, way too soon
01[15:37] {Threei} Short Setup: FB  31 break
[15:42] {jdetente} that was a quick break on FB
01[15:48] {Threei}  FCX stop to .03
01[15:48] {Threei}  time becomes an issue
01[15:49] {Threei}  cover half FB
01[15:49] {Threei}  and trail to .02
01[15:52] {Threei}  cover half FCX
01[15:52] {Threei}  and trail to .01
01[15:55] {Threei}  1/4 more FB
01[15:57] {Threei}  close FCX
01[15:58] {Threei}  ok
01[15:58] {Threei}  out FB
01[15:59] {Threei}  thank you all, have a good evening
01[15:59] {Threei}  see you tomorrow
[16:01] {thomcbell} good night al
[16:01] {thomcbell} l

Jan 22 2013

Catch(es) of the day: two trades on CAT. First is bounce setup, catching pullback for a long entry. Second is clean ascending triangle with nice juicy 1:3 target 

Other than that, nicely profitable day even though afternoon is traditionally inactive.

Session Time: Tue Jan 22 00:00:00 2013
[09:12] {goryl} gm
01[09:12] {Threei}  morning goryl
[09:12] {nemo} I'm leaving
01[09:12] {Threei}  already?
01[09:13] {Threei}  mr sensitive
[09:13] {nemo} I have to puke
[09:16] {cc_8} Earnings:: AMD, CA, CSX, Delta Air, DuPont, Google, IBM, J&J, Kansas City Southern, Norfolk Southern, Travelers and Verizon are among several companies scheduled to report quarterly results.
03[09:22] * Retrieving #discussions modes...
[09:25] {dino} gm
01[09:26] {Threei}  dino :)
[09:26] {ese} morning
01[09:27] {Threei}  ese :)
[09:27] {ese} semester ends this thursday........hopefully back to normal on the board by friday or monday......
[09:27] {ese} for me
[09:30] {jdetente} gm
01[09:30] {Threei}  jd :)
[09:30] {ese} jd
[09:31] {nemo} and the beat goes on
01[09:32] {Threei} Short Setup: FCX  .10 break hl
01[09:32] {Threei}  If holds  .20
[09:32] {nemo} cat interesting
[09:32] {nemo} gap to fill
01[09:33] {Threei} Short Setup: FB  .95 break
01[09:33] {Threei}  If holds  .05
01[09:34] {Threei}  no go
[09:34] {nemo} watching infy, want it to bounce and then short again
01[09:34] {Threei}  Invalidated  FCX
01[09:37] {Threei} Short Setup: FB  .20 break
01[09:37] {Threei}  If holds  .25
[09:38] {nemo} is the market trading
01[09:38] {Threei}  tighter stop and closer to the reversal
01[09:40] {Threei}  1:1
[09:42] {dino} omg hl s .99
[09:43] {dino} bstop is .16
01[09:45] {Threei} Long Setup:  CAT  .60 break hl
01[09:45] {Threei}  If holds  .50
01[09:45] {Threei}  yeah right
01[09:45] {Threei}  lol
[09:45] {dptl} gm
01[09:45] {Threei}  dp :)
[09:47] {dino} htsi hl s .49
[09:47] {dino} bstop .76
[09:48] {dino} stopped
01[09:49] {Threei}  ugh CAT, did you have to jump this fast?
[09:49] {dino} omg stop
[09:50] {dptl} wnr .30 short?
01[09:50] {Threei} Short Setup: BA  .85 break
01[09:50] {Threei}  If holds  .95
[09:50] {nemo} .22 range in spy
01[09:53] {Threei}  no go
01[09:54] {Threei}  frikin CAT
[09:54] {nemo} going to gap
01[09:55] {Threei}  watching LVS for pullback long entry
[09:55] {ese} i think that about cats in general as well
[09:57] {nemo} fcx likely headed to 35, then 35.40ish
01[09:58] {Threei} Long Setup:  LVS  .50 break
[09:58] {thomcbell} fcx looking to buy a pullback - nice report and there was very low sentiment into the number based on that friday close
01[09:59] {Threei}  If holds  .40
[09:59] {dptl} half out wnr
01[10:00] {Threei}  *(US) DEC EXISTING HOME SALES: 4.95M V 5.10ME
01[10:00] {Threei}  *(US) JAN RICHMOND FED MANUFACTURING INDEX: -12 V 5E
[10:00] {nemo} mmmhhh, let's see how the market handles bad news
[10:01] {nemo} joy looks weak
[10:01] {dino} last try omg hl s .19
01[10:04] {Threei}  change LVS to .45 break
01[10:04] {Threei}  If holds  .35
[10:06] {dino} cov omg .89, +.30
01[10:07] {Threei}  finally :)
01[10:07] {Threei}  LVS target 1:2
[10:07] {thomcbell} rimm - is unreal
[10:08] {nemo} lotta' hopium in that stock
01[10:08] {Threei}  yeah... to me, it's a zombie
[10:09] {dino} amri drop
[10:09] {dino} hl l .27
[10:11] {dino} stop flat
[10:12] {dptl} 1:2 wnr out more
01[10:13] {Threei}  stop to .39
[10:13] {nemo} oopie doopie we have fun
[10:16] {jdetente} LVS is messing with us :)
[10:16] {nemo} market is unsure
[10:18] {nemo} looks like bounce coming
[10:23] {cc_8} Among companies with shares expected to trade actively in Tuesday’s session are Arena Pharmaceuticals Inc. (ARNA) Research in Motion Ltd. (RIMM, RIM.T) and Caterpillar Inc. (CAT).
[10:24] {nemo} not alot on the persistance algo I watch
[10:24] {dino} ntct hl l .15
01[10:25] {Threei} Short Setup: CAT  .40 break hl
01[10:25] {Threei}  If holds  .50
[10:25] {dino} clc hl l .95
01[10:27] {Threei}  ok LVS
01[10:27] {Threei}  you are ready
01[10:27] {Threei}  move your butt
[10:27] {nemo} if cat invalidates look to short in .60 area again
01[10:28] {Threei}  SPY drops
01[10:28] {Threei}  should trigger CAT for us
01[10:29] {Threei}  target 1:2
01[10:31] {Threei}  1:1
[10:31] {nemo} cof similar setup
[10:32] {dptl} out cat ty
01[10:32] {Threei}  yw
[10:32] {dptl} out wnr 1:3
01[10:33] {Threei}  wtg
[10:33] {dptl} ty
[10:37] {nemo} finnies and iwm basically at vwap, spy not near, might be worth a shot for a run to .25ish
[10:41] {jdetente} LVS behaving now
01[10:42] {Threei}  as it should
[10:43] {nemo} I'd partial spy trade here, but should have another .05 in it
[10:44] {dptl} stt 55 long?
[10:45] {ese} cya tomorrow.........one of them just watchin days to pssssssych yourself ack into it
[10:45] {ese} back
[10:45] {ese} cya
01[10:50] {Threei}  take care ese
01[10:50] {Threei}  yes
01[10:51] {Threei}  LVS exceeded target a bit
01[10:51] {Threei}  STT works too
[10:51] {dptl} missed it
01[10:51] {Threei}  yeah, broke too fast
[10:51] {jdetente} got 1:2 on LVS. Ty!
01[10:51] {Threei}  yw
[10:52] {dptl} too fast my laser stopped working for a few swc
[10:52] {dptl} sec
[10:52] {dptl} stopped working again
[10:53] {dptl} is yours ok?
01[10:53] {Threei}  yes
01[10:53] {Threei}  switch server
[10:54] {dptl} did
[10:55] {dptl} oh works now
01[10:56] {Threei} Long Setup:  CAT  .30 break hl
01[10:56] {Threei}  If holds  .20
[10:58] {dptl} sigh missed that too
[10:59] {dptl} something with my quotes here not stable
01[11:02] {Threei}  1:1
01[11:03] {Threei}  1:2, out
01[11:04] {Threei}  it gave you second chance, dp
[11:04] {jdetente} nice ty!
01[11:04] {Threei}  yw
[11:04] {dptl} had to restart
[11:04] {dptl} laser
[11:05] {dino} clc stop -.18
01[11:06] {Threei}  let's wait a few min to see what SPY does here, uncertain moment
01[11:06] {Threei}  meanwhile have a look at two sets I worked on during the weekend
01[11:07] {Threei}  http://photography.realitytrader.com/2013/01/another-amazing-sunset-at-breakwater.html
01[11:07] {Threei}  http://photography.realitytrader.com/2013/01/hawaii-active-volcano-3.html
[11:08] {dptl} wow....nice :)
[11:09] {dptl} sunsets are amazing
01[11:09] {Threei}  volcanos are too
[11:09] {jdetente} The Holei Sea Arch... that is awesome
01[11:10] {Threei}  majestic view
[11:10] {dptl} ye...see that
[11:10] {jdetente} It's like the Azure Window's(Malta) twin...
01[11:11] {Threei} Long Setup:  CAT  .50 break
01[11:11] {Threei}  If holds  .40
01[11:12] {Threei}  the weirdest feeling was to climb the lava towering about 6 ft over that same road I used to drive in the previous visit
01[11:15] {Threei}  wow LVS
01[11:18] {Threei}  CAT is valid
[11:19] {dptl} cnx .95 long?
01[11:20] {Threei}  yes
01[11:22] {Threei}  Few traders seem to be looking to push stocks higher with markets right around five-year highs and Apple's fraught earnings report due on Wednesday after the close.
01[11:23] {Threei}  CAT, aiming for 1:3 on this one
01[11:27] {Threei}  CAT 1:1
[11:28] {dptl} out cnx +.05 had step out for half an hour
[11:31] {nemo} had to step away but spy worked out nicely
[11:33] {dino} cybx hl l .35
01[11:38] {Threei}  here kitty kitty
01[11:39] {Threei}  1:2
01[11:39] {Threei}  CNX 1:1
01[11:41] {Threei}  1:3, over and out
[11:41] {jdetente} CAT magic, ty
01[11:41] {Threei}  adjusting to the slow climb type of market
01[11:49] {Threei}  visual http://goo.gl/HvYdK
[11:52] {nemo} fas
[11:52] {nemo} sorry
[11:58] {dino} out ntct .39, +.24
01[12:07] {Threei}  done with CNX
01[12:18] {Threei}  we need some new fight in Congress
01[12:18] {Threei}  to ignite market turbulence
[12:18] {nemo} jeez...spy trded worked real well
01[12:18] {Threei}  hmmm
01[12:18] {Threei}  pit the bottle down and try again?
01[12:18] {Threei}  put
[12:20] {dptl} back
[12:21] {dptl} nice cnx
[12:21] {nemo} sina
[12:21] {nemo} sorry
01[12:27] {Threei}  CAT is not following SPY anymore
01[12:27] {Threei}  let's try hl short
01[12:27] {Threei} Short Setup: CAT  .70 break hl
[12:30] {nemo} watch for bounce .62
01[12:30] {Threei}  1:1
[12:31] {dptl} stt .50 long?
[12:31] {dptl} late
[12:31] {dptl} and what about duk .25 long?
01[12:33] {Threei}  no, abandoning breakouts
[12:34] {nemo} o.k. bounced at .60
01[12:35] {Threei}  crap, hesitated too long about LVS short at .50
[12:35] {nemo} http://twitchy.com/2013/01/22/pics-empty-shelves-at-ammo-retailers-as-obama-starts-second-term-i-cant-find-ammo-anywhere/?utm_source=autotweet&utm_medium=twitter&utm_campaign=twitter
[12:36] {nemo} we just went through the monthly R3 on IWM
01[12:36] {Threei}  DUK is actually a short on .20 break
[12:37] {jdetente} are you taking it?
[12:37] {dptl} stz .85 long?
[12:37] {dptl} oops
[12:37] {dptl} went to .90 before i typed
01[12:38] {Threei}  DUK, if stays under .25, yes
01[12:40] {Threei}  argh LVS
01[12:40] {Threei}  what a perfect kangaroo tail
[12:45] {nemo} we're getting 2012 all over again
[12:53] {dptl} coh .50 short?
01[12:53] {Threei}  yes
01[12:54] {Threei}  hl
01[12:55] {Threei}  will; be invalidated over .60
[12:55] {dptl} yep
01[12:55] {Threei}  leave it be, no setup
[12:56] {dptl} duk just a scalp i think?
01[12:56] {Threei}  I am so flattered by your assumption that I think...
01[12:57] {Threei}  hard to tell... let's cover 2/3 near .10, then see what happens
01[12:57] {Threei}  stop is ridiculously tight, just 6 cents
[12:58] {dptl} k
[13:09] {cipher} hey guys...
[13:09] {cipher} had some errands to do
01[13:09] {Threei}  cipher :)
01[13:09] {Threei}  missed nice day
[13:09] {cipher} how is the day going?
[13:09] {cipher} omg
[13:09] {cipher} I knew it :(
01[13:09] {Threei}  couple stops, and a lot of nice juicy plays, CAT was very good to us
01[13:10] {Threei}  LVS too
[13:10] {cipher} that's ok I'll get them tomorrow
01[13:10] {Threei}  certainly
01[13:19] {Threei} Long Setup:  RIG  .85 break
01[13:19] {Threei}  If holds  .80
01[13:19] {Threei}  hl
01[13:22] {Threei}  things slowed to a crawl
01[13:25] {Threei}  die already DUK
[13:25] {dptl} ye really
[13:26] {dptl} i'll move stop to .17
01[13:27] {Threei}  hmmm
01[13:27] {Threei}  why not .21?
01[13:27] {Threei}  anyway, 1:1, let's cover part here
01[13:27] {Threei}  2.3 as we discussed
01[13:27] {Threei}  2/3
[13:28] {dptl} ye
[13:33] {dptl} fslr DT ?
01[13:34] {Threei}  .40 break would be a short trigger, if stays under .50
01[13:34] {Threei}  make it hl
01[13:35] {Threei}  volatile stock
01[13:37] {Threei}  trail now DUK to that .17
01[13:40] {Threei}  FSLR, covered any at 1:1?
[13:43] {dptl} ah...no..out flat...don't ask :) small sh
01[13:44] {Threei}  OK, I won't ask, but why??? :)
[13:45] {dptl} had .26 bid was waiting there and ...its bounced back...greed took over me ..lol
01[13:46] {Threei}  here is your problem: you are trying to be creative
01[13:46] {Threei}  to think
01[13:46] {Threei}  to design each trade individually
[13:50] {dptl} you right sometimes it happens to me, and what interesting, i happens all of a sdn, so by the time i realising that it's usually to late....but working on it
[13:50] {dino} out cybx .67, +.32
[13:57] {dptl} wow look at that cnx..lol..where did we got in?
[13:58] {dptl} .95
01[13:59] {Threei}  yes
01[13:59] {Threei}  and exited at .25
01[13:59] {Threei}  and it laughed at us ever since
[14:00] {dptl} ye too bad i had to leave then
[14:02] {dino} lmca?
01[14:03] {Threei}  increased stake in SIRI, Jan 22 news
01[14:04] {Threei}  don't see anything else
[14:04] {dptl} gmcr .10 short?
01[14:04] {Threei}  RGR Hearing weakness attributed to reports of shooting at college in Texas
01[14:05] {Threei}  with .16 stop... sure
[14:11] {dptl} still valid
[14:22] {dptl} half out gmcr stop to .11 (no thinking :)
[14:24] {dino} gj
[14:24] {dptl} ty
[14:25] {dptl} 1:2 all out
01[14:31] {Threei}  :)
[14:33] {dptl} duk is annoying
[14:40] {dptl} cog long?
01[14:44] {Threei}  not sure
01[14:44] {Threei}  not delighted
[14:48] {nemo} we should just go long, come back in May sell, go to the beach, and then see what happens
01[14:48] {Threei}  bad idea
01[14:49] {Threei}  debt ceiling thing will shake you out of your longs
[14:49] {nemo} no, that's dead and gone
01[14:49] {Threei}  not at all
[14:50] {nemo} republicans have zero leverage
01[14:50] {Threei}  only postponed
[14:50] {nemo} and they will continue to postpone, they have no political leverage
01[14:50] {Threei}  so what?
01[14:50] {Threei}  doesn't mean they can't make a spectacle out of it which will shake the market
01[14:52] {Threei}  look at December
01[14:52] {Threei}  they had even less leverage with fiscal cliff
01[14:53] {Threei}  yet sent SPY full 5 dollars down
[14:53] {nemo} yeah, but that was it, they won't mess with it anymore, there's no political advantage...fight is over
[15:02] {dptl} cov .25 short?
01[15:03] {Threei}  i think so
[15:03] {dptl} hmm
[15:19] {dino} last 2 weeks, this market is not my style
[15:19] {dptl} got to leave early...see ya tomorrow all have a dood evening
[15:19] {dino} no spikes, no capits. unbelievable
[15:19] {dino} i sit for hours doing nothing
01[15:19] {Threei}  remember Han of 2012? same thing
01[15:19] {Threei}  Han
01[15:19] {Threei}  Jan
[15:19] {dptl} good evening lol
01[15:30] {Threei} Long Setup:  GS  146 break small shares
01[15:30] {Threei}  If holds  .85
[15:31] {nemo} There are less structural worries now so volatility disappearing...this condition will likely last longer than last year
01[15:32] {Threei}  I don't npw... there is too much complacency in the air
01[15:32] {Threei}  this is when unforeseen shocks become more likely
01[15:32] {Threei}  and when they occur, you better pray you are a day trader and have no positions
[15:34] {nemo} pru interesting
[15:35] {dino} i don't know what to make of it. just know it doesn't fit my style
01[15:35] {Threei}  right
[15:35] {nemo} if you're specialty is volatility plays, you will be bored for a while
01[15:35] {Threei}  what I am saying is, I don't think it will last any monger than it did last year
01[15:35] {Threei}  longer
[15:36] {nemo} there is no longer the unsurety of the 2007-2012 period.
01[15:36] {Threei}  we are not talking unsurety
01[15:36] {Threei}  we are talking absense of volatilioty
01[15:36] {Threei}  and you can't say we had none during these 5 years
[15:37] {nemo} market doesn't have the instability of the last 5 years
01[15:37] {Threei}  OK
01[15:37] {Threei}  you think everything is so stable, you can take second mortgage on everything you own and invest? try it, I dare you :)
01[15:38] {Threei}  GS 1:1
[15:42] {jdetente} shorting the VXX lately has almost been free money. I'm sure that will end when least expected
01[15:44] {Threei}  this is exactly my point
01[15:44] {Threei}  crowd gets complacent
[15:45] {dino} gut feels that
[15:45] {dino} something not right
01[15:45] {Threei}  we all know what happens is merely windows draping
01[15:45] {Threei}  can kicking
01[15:45] {Threei}  etc
01[15:45] {Threei}  this kind of things does unravel
01[15:46] {Threei}  it's being held together by duct tape
01[15:46] {Threei}  not that we can know when it unravels
01[15:46] {Threei}  but unravel it will
[15:46] {dino} sort of ken fischer "what do you believe that isn't true?"
01[15:46] {Threei}  :)
01[15:47] {Threei}  think of it this way: PTB spent enourmous amount of money, effort, political capital and credibility to hold the thing afloat,
01[15:47] {Threei}  and the more it invests the thinner it stretchesd
01[15:47] {Threei}  and the closer the end, just like with any pendulum push
[15:48] {dino} ptb?
01[15:48] {Threei}  powers that be :)
[15:48] {dino} ahhh, sort of like the ppt
01[15:49] {Threei}  pretty much, only on a scale of the world's economy
01[15:49] {Threei}  where the next hole is going to be punched, we don't knwo - and neither do they
01[15:50] {Threei}  they work as firemen, putting out fires here and there
01[15:50] {Threei}  meanwhile whole forest is smoldering
01[15:52] {Threei}  the only way they can keep it afloat for a long time is to move to dictatorship, and if that happens - we have more problems than market volatility :)
[15:53] {KSystems} Boo
01[15:53] {Threei}  hey KS!
[15:53] {KSystems} :)
01[15:54] {Threei}  Ok guys, thank you all
01[15:54] {Threei}  have a good evening, see you tomorrow
[15:54] {KSystems} you had a good day?
01[15:54] {Threei}  pretty much
[15:55] {dino} gn all