Tuesday, January 8, 2013

Jan 08 2013

Very nice day with trades developing slowly but working with very high percentage.


Session Time: Tue Jan 08 00:00:00 2013
[08:48] {ese} morning
[08:48] {ese}  vad
[08:49] {ese} dcc vad when you get a chance
01[08:50] {Threei}  morning ese
[09:04] {ese} cc-8......dcc please
01[09:05] {Threei}  - ECB's Weidmann (Germany) again warned that ECB anti-crisis measures are getting out of hand; they should not cause more damage than they prevent
01[09:05] {Threei}  doh
[09:09] {scottie} good morning
[09:10] {goryl} gm
01[09:11] {Threei}  scottie, goryl :)
06[09:12] * scottie slaps scottie around a bit with a large trout
01[09:12] {Threei}  hmmm... well, that button obviously works {G}
[09:12] {ese} what did you do to yourself
01[09:12] {Threei}  but why don't you wait for nemo
01[09:12] {Threei}  and do that to him
[09:13] {scottie} was wondering what that button was there for
01[09:13] {Threei}  now you know... and here is nemo
[09:13] {nemo} where?
06[09:13] * scottie slaps nemo around a bit with a large trout
[09:14] {scottie} it works
01[09:14] {Threei}  applause
01[09:14] {Threei}  now it has been used as intended
[09:14] {scottie} lol
[09:16] {nemo} I feel out of the loop\
[09:20] {dino} how do you do the slap?
[09:20] {scottie} right click on a nickname
06[09:22] * dino slaps scottie around a bit with a large trout
[09:22] {dino} ahh, i see now.
06[09:22] * nemo slaps dino around a bit with a large trout
[09:22] {scottie} ouch
06[09:23] * nemo slaps scottie around with a nail laden Tetanus infected 2X4
[09:23] {nemo} I'm so subtle
[09:23] {scottie} I created a monster
[09:23] {dino} lol
[09:25] {cipher} gm
01[09:25] {Threei}  cipher :)
01[09:25] {Threei}  (FR) Senior France Official: Rumors of a sovereign downgrade of France are false
01[09:25] {Threei}  OK, now that it's officially denied...
[09:26] {dptl} good morning
01[09:26] {Threei}  dp :)
[09:27] {_jdetente} New here...just wanted to say hi and good morning to all
[09:27] {nemo} Huh...scottie thinks he created a monster out of me?  what an ego
01[09:27] {Threei}  morning jdetente, welcome
[09:27] {dino} welcome to the jungle jd
[09:27] {nemo} more like pond slime actually
[09:28] {_jdetente} nice. :)
[09:28] {nemo} Hey Vad!  did the bird fly south for the winter?
01[09:28] {Threei}  raven? no, was here yesterday
[09:29] {nemo} ahhhh...thought maybe he was going to Denver to watch his namesakes this weekend
01[09:31] {Threei} Long Setup:  FB  .50 break
01[09:31] {Threei}  If holds  .40
01[09:32] {Threei}  change to .40 break
01[09:32] {Threei}  If holds  .35
[09:34] {dino} fio drop
01[09:34] {Threei}  no go
01[09:35] {Threei}  slw
01[09:36] {Threei} Long Setup:  SLW  .75 break
01[09:36] {Threei}  If holds  .65
01[09:36] {Threei} Long Setup:  FB  .35 break
01[09:36] {Threei}  If holds  .25
[09:36] {ese} l clf .20
01[09:37] {Threei}  Invalidated  SLW
[09:38] {cipher} ulta l .25
01[09:38] {Threei}  wow... should have made SLW two-sided
01[09:38] {Threei}  although I don't think it was executable
01[09:41] {Threei}  FB target .55
[09:41] {cipher} out ulta .67 +.42
01[09:41] {Threei}  wtg
[09:42] {cipher} ty
01[09:42] {Threei} Long Setup:  LVS  .30 break hl
01[09:42] {Threei}  ugh, late
[09:43] {dino} out ulta +.24, ty cipher
[09:43] {ese} out clf sheesh .03 -.17
[09:43] {dino} sig spike
[09:43] {nemo} gmcr weak
01[09:45] {Threei}  1:1 FB
01[09:45] {Threei}  play by the book
[09:45] {scottie} +.10 tks Vad
01[09:45] {Threei}  1/2 out, stop to .34
01[09:45] {Threei}  yw
[09:46] {nemo} mon 99.50 level
01[09:47] {Threei} Long Setup:  LVS  .30 break hl
[09:48] {ese} clmt
[09:49] {dino} infi gap fill
01[09:53] {Threei}  another no news rug pull, just like yesterday
[09:53] {dino} yeah, air pocket market
01[09:54] {Threei}  LVS 1:1
01[09:54] {Threei}  1:2, out
[09:55] {goryl} ty Vad:)
01[09:55] {Threei}  yw
01[09:56] {Threei}  RIMM...
01[09:56] {Threei}  Research in Motion Ltd Hearing strength attributed to renewed rumors of possible activist investor interest in the company- Icahn rumored to be building a stake
[09:58] {cc_8} Watch for: NFIB December small-business survey (7:30 a.m. ET), consumer credit report for November (3:00); earnings from Alcoa, Apollo Group, Monstanto, Schnitzer Steel, IHS, Global Payments.
[10:00] {ese} L ocn .51
[10:00] {cc_8} Morning Market Daily Fact: On this day in 1946, a young boy in Tupelo, Miss., was denied his request for a birthday present. His mother rejected either a rifle or a bicycle (on safety or financial reasons). Instead, she bought a cheap guitar from the local hardware store for her 11-year old son, Elvis Aaron Presley.
01[10:00] {Threei}  US) Jan IBD/TIPP Economic Optimism: 46.5 v 46.5e
[10:01] {cc_8} Among the companies expected to trade actively in Tuesday’s session are Yum Brands Inc. YUM -4.69% (YUM) Sears Holding Corp. SHLD -1.66% (SHLD) and Cypress Semiconductor Corp. (CY).
[10:03] {dptl} aig .55 short?
01[10:03] {Threei}  yes
01[10:03] {Threei}  if stays under .65
01[10:04] {Threei}  good setup
[10:04] {goryl} u taking it Vad?
01[10:04] {Threei}  yes
01[10:04] {Threei}  and holding dp responsible
01[10:05] {Threei}  yesterday's low is .50
01[10:05] {Threei}  if loses that, there is weak .45 support
01[10:06] {Threei}  sorry, no, .30
01[10:07] {Threei}  so, with market help, target is 1:2 - 1:3
01[10:07] {Threei}  with no help, well... dp will be the one to throw bricks at
[10:07] {dptl} :)
01[10:08] {Threei}  and now that scottie has found slap button...
[10:08] {ese} out ocn .74 +.19
[10:08] {scottie} lol
[10:13] {dino} fio l .51
01[10:14] {Threei}  OK, first line of resistance is taken
01[10:14] {Threei}  1:1
01[10:14] {Threei}  play by the book
[10:15] {scottie} +.10 tks dp
01[10:16] {Threei}  so far not overly active but nice day
01[10:16] {Threei}  1 6 cents stop, 3 working plays
01[10:16] {Threei}  nothing big but
[10:22] {dino} cvlt hl l ave .49, gappy
[10:25] {dino} out cvlt .79, +.30
[10:26] {thomcbell} i just shorted the 64.05 qcom break if holding 64.15
[10:28] {thomcbell} targeting the pivot at 63.80
01[10:28] {Threei}  gl tbell
01[10:28] {Threei}  I still hate QCOM
01[10:29] {Threei}  OK AIG
01[10:29] {Threei}  you are ready for second leg
01[10:29] {Threei}  lose that .40
[10:29] {ese} L clmt .29
[10:34] {thomcbell} qcom 1:1
[10:34] {dino} gj
01[10:34] {Threei}  wtg
[10:35] {dino} clmt gap around 30.40 fwiw
[10:35] {thomcbell} stop to 64.01
[10:36] {thomcbell} going to clean it up here qcom
[10:36] {thomcbell} oh darn - got last bit at 63.91
[10:36] {thomcbell} theres the target
01[10:37] {Threei}  AIG babe
01[10:37] {Threei}  3 more cents to second target
[10:38] {thomcbell} oh come on Vad on qcom
01[10:38] {Threei}  and I like it for 1:3
01[10:38] {Threei}  good job tbell... still not liking the stock :)
[10:40] {goryl} ty:) out of bullets
01[10:40] {Threei}  1:2
01[10:50] {Threei}  stop to .41
01[10:50] {Threei}  let's choke it a bit
[10:55] {dino} adding fio calls
[10:56] {ese} outta here cya tomorrow......still L clmt
01[10:57] {Threei}  take care ese
[11:03] {dptl} done with aig
01[11:03] {Threei}  closed last portion AIG
[11:04] {dino} musa hl l .49
[11:05] {dptl} clf .50 short?
01[11:05] {Threei}  I doubt there is more downside right now... reversal time rather
01[11:05] {Threei}  I'df try .55 break long
[11:06] {dptl} k
[11:06] {goryl} u taking it Vad?
01[11:06] {Threei}  half lot
01[11:06] {Threei}  with .47 stop
[11:06] {goryl} k
01[11:10] {Threei}  invalidated
[11:10] {dino} mdco spike
01[11:18] {Threei}  first post from hawaiian series guys:
01[11:19] {Threei}  http://photography.realitytrader.com/2013/01/hawaii-active-volcano.html
[11:22] {nemo} oh...thought it was gonna be a picture of your wife
[11:28] {dino} out musa .73, +.24
01[11:37] {Threei}  nemo's worldview: http://goo.gl/6hH4g
[11:39] {nemo} awwwww Vad...you say such nice things to me
[11:42] {dptl} hes 55 long?
01[11:43] {Threei}  yup
01[11:44] {Threei}  hl though
01[11:44] {Threei}  and truthful too, nemo :)
[11:44] {goryl} u taking it Vad?
01[11:44] {Threei}  sure
01[11:45] {Threei}  don't chase though
01[11:45] {Threei}  .02 max
[11:45] {goryl} k
[11:49] {dino} clr, cxo spikes
[11:50] {dptl} you have .90 or .95 stop Vad?
01[11:51] {Threei}  .90
01[11:51] {Threei}  that's why hl
01[12:17] {Threei}  things really slowed down
01[12:17] {Threei}  come on, no one has a word to say about quite unique photos of unique place?
01[12:18] {Threei}  {--- removing myself to amonastery
[12:18] {scottie} lol, don't have to, beautiful pictures Vad
01[12:19] {Threei}  ty... got two more themes from volcano
01[12:19] {Threei}  thermal hotspot and lava crossing the road
[12:19] {scottie} Never saw lava trees before
01[12:19] {Threei}  they are not readily accessible, not an official sight
01[12:20] {Threei}  not in any guide
01[12:20] {Threei}  you are on your own when venturing there
01[12:21] {Threei}  and Devil's Throat has no fencing, nothing to prevent you from falling in
01[12:21] {Threei}  and that's not a fall snyone could survive, lol
[12:21] {scottie} Adds value to those pictures for sure
[12:26] {dino}  clr hl s .54
[12:30] {dino} clr to b/e
[12:31] {dptl} met .20long?
[12:31] {dino} to .20
[12:31] {dino} cov clr .20, +.34
01[12:32] {Threei}  I doubt it... another water torture
[12:32] {dptl} ok
01[12:34] {Threei}  what are you, not bored enough with HES?? :)
[12:35] {dptl} :) ye..really slow
01[12:35] {Threei}  so, Nissan dealerhsip on the phone
01[12:36] {Threei}  come in, bring your Murano, drop it, get a new one - practically the same, only brand new and with leather seats added - and pay $60/month less
01[12:36] {Threei}  how does it stay in business, I've no idea, lol
[12:39] {cc_8} financing of selling yur old used car
01[12:40] {Threei}  it's lease
01[12:40] {Threei}  rolling from one to another
[12:41] {dino} they get more payments out of you, plus the yen is dropping
01[12:42] {Threei}  sure
[12:42] {cc_8} whatever it is
[12:42] {cc_8} just do it
[12:42] {cc_8} 60bucks more
[12:42] {cc_8} for brand new car
[12:42] {cc_8} hellz yea
[12:43] {cc_8} thats 1 handle less a month of drinking
01[12:44] {Threei}  60 LESS
01[12:44] {Threei}  read again :)
[12:45] {cc_8} oh jeez
[12:45] {cc_8} thats 1 extra handle more a month
[12:45] {cc_8} more drinking
[12:49] {scottie} stop .94 ?
01[12:51] {Threei}  kind od personal decision
01[12:51] {Threei}  of
[12:51] {scottie} ok
01[12:51] {Threei}  can trail, can keep it where it is
[12:56] {dino} cybx hl s .50
[12:56] {dptl} i am out hes
[12:57] {dptl} .94
[12:59] {thomcbell} short setup lvs 50.98 break if holding 51.08
01[13:02] {Threei}  me likey, if SPY helps
01[13:10] {Threei}  http://photography.realitytrader.com/2013/01/hawaii-active-volcano-2.html
01[13:10] {Threei}  more sites not found in any guides
[13:11] {nemo} lvs maybe here
01[13:11] {Threei}  no setup really
[13:11] {nemo} next resistance .35
[13:17] {dptl} mpc .80long?
01[13:18] {Threei}  can't tell
[13:20] {thomcbell} no would need a double top to arise
[13:20] {thomcbell} strong stock lvs
[13:20] {dptl} yr should of keep .90 stop hes
[13:21] {dptl} ye
[13:21] {scottie} +.10 tks dp
[13:21] {scottie} :)
[13:22] {dptl} yw..better then me
01[13:23] {Threei}  yesss
01[13:23] {Threei}  1:1
01[13:23] {Threei}  good patience scottie
01[13:23] {Threei}  now you can look at second set of my photos :)
[13:23] {scottie} stopped breathing for a few minutes
[13:23] {scottie} my face is all blue
01[13:24] {Threei}  why?
01[13:26] {Threei}  this is typical will's day - all plays are slow and almost all work out nicely
[13:26] {scottie} gotta go now, 3 winners, no losers, not a bad day
01[13:26] {Threei}  when he is back from Maui, let's tell him whole month was like this
[13:27] {dino} gj scottie
[13:27] {scottie} tks
01[13:27] {Threei}  take care scottie, but second set waits for your revieqw
[13:29] {dptl} vrx .20 long?
[13:35] {dino} cybx stop -.30
01[13:36] {Threei}  hard to tell VRX
[13:36] {dptl} in at .22
01[13:48] {Threei}  1:2, out
01[13:48] {Threei}  HES that was
01[13:48] {Threei}  I am an embodiment of patience today
[13:48] {goryl} ty:)
01[13:48] {Threei}  yw :)
[13:52] {dino} mdco s .80
01[13:55] {Threei}  VRX works
[13:59] {dptl} out half .35
[14:06] {dino} mdco stop -.24
[14:08] {dino} rlh hl s .76
[14:10] {cc_8} It’s looking pretty good for 2013.
[14:10] {cc_8} The First Five Days indicator, another in the almost endless stream of auguries the Street uses to divine the future, is pointing toward a brighter 2013 for stocks. This one holds that if the first five trading days of a given year are positive, the rest of the year will be positive.
[14:11] {nemo} thanks for throwing cold water on my hopes....
01[14:14] {Threei}  lol
01[14:14] {Threei}  alll this crap never ceases to amaze me
01[14:14] {Threei}  5 days forecasting a year...
01[14:14] {Threei}  as goes han, so goes a year
01[14:14] {Threei}  jan
01[14:15] {Threei}  sell in may and go fy
01[14:15] {Threei}  what else is there
01[14:15] {Threei}  all pure unadultered bs
[14:15] {dino} and the media will make it tomorrows front page news
01[14:16] {Threei}  totally
[14:16] {dino} might aswell believe in astrology
[14:16] {dino} how about i flip a coin, heads=up year, tails=down
01[14:17] {Threei}  I am afraid to flip a coin
01[14:17] {Threei}  lately it comes to:
01[14:18] {Threei}  heads = Pelosi increases your taxes, tails - Reid does
[14:18] {dino} lol
[14:18] {dptl} done with vrx
[14:28] {dptl} btu .80 short? or even .85?
01[14:28] {Threei}  .85 break
[14:28] {dptl} .90 stop?
[14:29] {dptl} little late got .83
01[14:30] {Threei}  .91
[14:30] {dptl} ok .91 it is
[14:31] {dptl} takes .80 should be good
01[14:35] {Threei}  1:1
01[14:35] {Threei}  things are nicely obedient today
[14:35] {dptl} half out
[14:37] {dptl} did you get half out ?
01[14:37] {Threei}  what are you, a cop?
[14:38] {dptl} lol...just checking on you :)
01[14:38] {Threei}  that's what got me worried :)
[14:39] {dptl} lol
[14:39] {dino} rlh to .56
[14:43] {dptl} we had another earthquike last week? just heard about it
[14:43] {dptl} in BC
[14:49] {dino} cov rjh .44, +.32
[14:50] {nemo} numbers at 3
[14:50] {dptl} aig .70 long?
01[14:53] {Threei}  probably
[14:54] {dptl} mcp db?
[14:58] {dptl} lvs .55 long?
01[15:01] {Threei}  pushing it dp
01[15:01] {Threei}  all these are marginal trades
[15:01] {dptl} ok
01[15:13] {Threei}  be back in 20
[15:17] {dino} gdi
[15:21] {cc_8} Shares of Fusion-io (NYSE: FIO) dropped on Tuesday after an analyst downgraded the company. William Blair Analyst Jason Adler cited slower-than-expected bookings as the key reason for his downgrade. .
01[15:33] {Threei}  dino, are you sitting down?
01[15:33] {Threei}  Democrats Now Trusted More on Economy
01[15:33] {Threei}  it's over komrades
[15:33] {nemo} 5year plan Komrade
[15:33] {dptl} rht .50 short?
01[15:34] {Threei}  meh
01[15:34] {Threei}  if you really want to short something, LVS .90 break
[15:38] {dptl} 52 break may be now?
01[15:39] {Threei}  yes
[15:40] {dptl} oops in .975
01[15:42] {Threei}  nah
[15:42] {dptl} nope stopped
[15:47] {dptl} .20 break that was ")
[15:47] {dptl} oh well
01[15:47] {Threei}  yeah
[15:51] {dptl} ok...gn all seeya tomorrow
01[15:51] {Threei}  OK guys, thank you all
01[15:51] {Threei}  have a good evening
01[15:51] {Threei}  see you tomorrow

Monday, January 7, 2013

Jan 07 2013


Very slow but decent day with most trades working slowly but who cares. About grammar too.

Session Time: Mon Jan 07 00:00:00 2013
01[09:02] {Threei}  (US) Senate Minority Leader McConnell (R-KY): Republicans are "done raising taxes"- Report noting Republicans would only agree to raising the debt ceiling with paired significant savings from govt benefit programs.
01[09:03] {Threei}  we'll see
[09:08] {goryl} gm
01[09:08] {Threei}  goryl :)
[09:08] {ese} morning
01[09:08] {Threei}  ese :)
[09:08] {ese} dndn acting up
[09:08] {ese} morning vad
01[09:08] {Threei}  VVUS, interesting chart
01[09:09] {Threei}  gap over important resistane 15
[09:09] {ese} was was looking at that as well
[09:09] {cipher} gm
[09:09] {ese} C
01[09:09] {Threei}  cipher :)
01[09:09] {Threei}  VIVUS, Inc Issues update on QSYMIA shipments - filing- For weeks ended Dec 21, prescriptions to date 13K vs 7.7K in 4 weeks to Nov 23rd
01[09:10] {Threei}  and upgrade with 30 target
[09:10] {ese} ya read that......hefty upgrade
[09:16] {dino} gm
[09:17] {ese} well well well........i've been bought for 3.75 a share....check out ES
[09:17] {ese} morning dino
[09:17] {scottie} good morning
01[09:17] {Threei}  dino, scottie :)
[09:17] {ese} scottie
[09:18] {ese} all these years of hard work and i'm only worth 3.75 a share...........well I never
01[09:24] {Threei}  generally looks l,ike shorting day, but can change quickly
01[09:24] {Threei}  with some islands of strength
01[09:28] {Threei}  VVUS, let's try to find pullback entry
[09:29] {dino} ese, your symbol is ese, trades at 39
[09:29] {ese} my thoughts exactly
01[09:29] {Threei}  lol
[09:29] {ese} ya and i've got one that says es
01[09:31] {Threei} Short Setup: SLW  .25 break hl
01[09:31] {Threei}  yeah right
01[09:31] {Threei}  lol
01[09:32] {Threei}  let it work out opening volatility
[09:32] {thomcbell} lvs madness
01[09:33] {Threei} Short Setup: FCX  .20 break hl
01[09:34] {Threei}  Invalidated
[09:35] {ese} anybodys orders not getting filled........
01[09:35] {Threei}  valid again
[09:36] {ese} wtf.......had a market order for dndn at .04 and it didn't get filled
01[09:37] {Threei}  how can market order not get filled
[09:37] {nemo} Vad...
[09:37] {nemo} it's ese...
01[09:40] {Threei}  frikin VVUS got away
01[09:40] {Threei}  not much at the bottom to read the reversal
[09:41] {thomcbell} fb 0.22 break if holding 29 half lot
01[09:41] {Threei}  let's trail FCX to .26
01[09:43] {Threei}  held by fingertips
[09:47] {dino} achn sm l .50
[09:47] {cipher} hain l .04
01[09:48] {Threei} Short Setup: SLW  35 break
01[09:48] {Threei}  If holds  .10
[09:51] {cipher} out hain .46 +.42
01[09:52] {Threei}  wtg
[09:52] {thomcbell} imagine what fb would be doing if market was strong
[09:54] {cipher} ty
01[09:58] {Threei}  strangely narrow trading for the morning
[09:59] {cipher} WFM S .07
[09:59] {ese} am outta here cya tomorrow..........questrade total F...up this morning......won't acept any of my orders
01[09:59] {Threei}  wow
[09:59] {ese} understatement
[10:00] {dino} bummer
[10:00] {cipher} cov wfm .80 +.27
[10:00] {dino} gj
[10:00] {cipher} ty
[10:01] {cc_8} Among the companies with shares expected to actively trade in Monday’s session are Nationstar Mortgage Holdings Inc. NSM +16.13% (NSM) Harmony Gold Mining Co. HAR.JO -3.43% (HMY) and Epocrates Inc. EPOC +21.62% (EPOC).
[10:01] {cipher} sbac l .19
[10:02] {thomcbell} fb took some profit
[10:02] {thomcbell} fb stop to 29.29
01[10:03] {Threei}  out FCX
01[10:04] {Threei}  can you believe this thing remained locked this long
[10:04] {cipher} out sbac -.01
01[10:04] {Threei} Long Setup:  VVUS  .10 break hl
01[10:04] {Threei}  If holds  15
01[10:06] {Threei}  1:1
[10:06] {thomcbell} fb out
[10:06] {thomcbell} 0.42
[10:06] {cipher} wfm l .59
[10:07] {dino} gj
01[10:07] {Threei}  no go SLW
01[10:07] {Threei}  VVUS 1:2, out
[10:09] {cipher} out wfm .84 +.25
[10:10] {nemo} gmcr
[10:10] {thomcbell} nice vad
[10:10] {thomcbell} faz day high - interesting
[10:10] {thomcbell} despite market bounce
01[10:11] {Threei} Short Setup: FB  .35 break
[10:11] {nemo} finnies ran so hard on Friday
01[10:11] {Threei}  If holds  .45
[10:12] {cipher} wfm l .59
[10:15] {cipher} out .73
01[10:16] {Threei}  VVUS, this pullback is much better
[10:16] {cipher} cree l.68
[10:17] {cipher} vvus l .94
01[10:18] {Threei}  I wanted .90 break but was late to alert
01[10:18] {Threei}  grrr
01[10:18] {Threei}  FB 1:1
[10:18] {cipher} out vvus .14
01[10:18] {Threei}  wtg
[10:19] {cipher} thx for heads up
01[10:19] {Threei}  :)
01[10:21] {Threei} Short Setup: AIG  .85 break
[10:21] {dptl} good morning
01[10:21] {Threei}  dp :)
01[10:22] {Threei}  FB babe
01[10:23] {Threei}  1:2
[10:23] {cipher} sbac l .85
01[10:28] {Threei}  keep AIG .91 stop
01[10:28] {Threei}  only without Yoda speak
[10:28] {cc_8} Shares of Krispy Kreme (NYSE: KKD) were up 10.5 percent on Friday, closing at $11.15 — a level not seen since 2007.
01[10:28] {Threei}  as in, keep .91 stop AIG
[10:28] {cc_8} Quidel (NASDAQ: QDEL) shares gained 2.03% to create a new 52-week high of $22.08. Quidel's trailing-twelve-month revenue is $140.21 million. .
[10:29] {nemo} tol
[10:29] {dino} tso hl l .70
[10:31] {dino} hain hl l .02
[10:36] {cipher} hain l .00
01[10:36] {Threei} Long Setup:  WFC  .70 break
01[10:36] {Threei}  If holds  .65
[10:40] {cipher} out sbac .99 +.14
01[10:41] {Threei}  not sure if WFC is two-sided
01[10:41] {Threei}  probably yes
[10:42] {goryl} so short 65 break
[10:42] {goryl} ?
01[10:43] {Threei}  kind of 51/49% :)
01[10:43] {Threei}  a bit low probability
[10:44] {dptl} nue .75 long?
[10:44] {cipher} out hain .43 +.43
[10:45] {cipher} thx dino
01[10:45] {Threei}  wtg
01[10:45] {Threei}  NUE, hl
[10:45] {cipher} fslr drop
[10:45] {dino} np cipher, gj
[10:47] {nemo} vwap at .60 on Hain
[10:47] {nemo} liked .50
[10:47] {nemo} lied
01[10:48] {Threei} Long Setup:  CAT  .45 break
01[10:48] {Threei}  If holds  .35
01[10:48] {Threei}  target 1:2
[10:48] {cipher} fslr l .42
[10:49] {dino} out tso .00, +.30
[10:49] {dino} out hain .64, +.62
[10:49] {cipher} OUT FSLR .62 +.20
[10:51] {dino} achn won't move, stop to b/e
[10:52] {dptl} clf .20 long?
01[10:53] {Threei}  yup
[10:55] {cipher} ibm l .36
[10:56] {dino} 07 red
[10:57] {cipher} out ibm .54 +.18
[10:59] {cipher} wfm l.96
[10:59] {dptl} nue stop to .74
[11:00] {dino}  celg spike
01[11:01] {Threei}  CLF 1:1
[11:08] {cipher} out WFM .13 +.17
[11:09] {nemo} frickin' hand to hand out here\
[11:09] {dino} hain drop
01[11:10] {Threei}  no go CAT
01[11:12] {Threei}  CLF 1:2, out
[11:14] {dino} scanners slowed down
01[11:14] {Threei}  mine never woke up today :)
01[11:14] {Threei}  aww, too soon CLF
01[11:14] {Threei}  1:3
[11:15] {dptl} still in
01[11:16] {Threei}  1:4
06[11:17] * Threei slaps dptl around a bit with a large bottle of antigreedin
[11:17] {dino} gj
[11:18] {dptl} lol out
01[11:19] {Threei}  frikin CAT rinsed
01[11:22] {Threei} Long Setup:  MCP  .10 break
01[11:22] {Threei}  If holds  11
[11:22] {dino} rnf spike
[11:23] {dino} damn can't borrow
01[11:23] {Threei}  (EU) OECD's Gurria: Europe economy expected to further contract going into 2014
01[11:24] {Threei}  seriously? who would hacve thought... well, raise taxes again
01[11:24] {Threei}  MCP 1:1
[11:24] {dptl} maan..stepped out  and missed ...nice mcp
01[11:25] {Threei}  I mean, we all know raising taxes is the best way to stimulate economy, right?
01[11:25] {Threei}  people experience lack of money, and start working harder
01[11:25] {Threei}  open more businesses
[11:25] {dino} what!!!!!!!!!!!!!!
01[11:25] {Threei}  everyone wins
[11:26] {nemo} then we'll start donating one Saturday a month to work for the state
01[11:26] {Threei}  one??
01[11:26] {Threei}  and only Saturday??
01[11:26] {Threei}  get with the program comrade
01[11:26] {Threei}  full two weekends every month
01[11:27] {Threei}  clean the streets, plant the trees
01[11:27] {Threei}  and ask not what motherland can do for you
01[11:27] {Threei}  dino... you OK over there? no stroke? :)
[11:29] {cipher} CELG l .70
[11:29] {dptl} coh .75 long?
[11:30] {cipher} out celg .90
01[11:31] {Threei}  can't tell COH
[11:31] {dino} almost fell out of my chair on your comments
01[11:32] {Threei}  come on... you know me well enough to see the sarcasm oozing throuhg that :)
[11:34] {dino} thought you might have been hanging w/ese over the weekend, :)
[11:36] {dptl} wow coh
01[11:39] {Threei}  dino... have you ever wondered about the logic behind oft-seen comments that we have seen the most prosperous times during highest taxes, i.e. after WW2 or during Clinton time?
01[11:39] {Threei}  I thought about it and came up with ecplanation above :)
[11:40] {dino} ahhh
[11:40] {dino} still seems to me reagan era was best growth thru lowered taxes
[11:41] {cipher} celg l .73
[11:41] {dino} tso lod
01[11:42] {Threei}  amazes me how US looks at Europe, sees what has become of it, nods and follows the same path
[11:43] {cipher} out celg .71
[11:43] {dino} 07 red
[11:44] {dino} hain lod
01[11:47] {Threei}  no news for this drop
01[11:48] {Threei} Short Setup: FCX  .20 break
01[11:48] {Threei}  If holds  .25
[11:52] {dptl} cog .75 long?
01[11:53] {Threei}  hl
01[11:53] {Threei}  wow
01[11:54] {Threei}  what's with these waves of selling out of nowhere'
01[11:54] {Threei}  looks promising... I like it
[11:58] {dino} out achn .57,
[11:59] {dino} +.07
01[11:59] {Threei}  FCX 1:1
[12:01] {cipher} celg l .77
[12:01] {dino} pall drop
01[12:06] {Threei}  Debt ceiling negotiations - Deja poo (the feeling that you've dealt with this crap beforea)
[12:08] {cipher} out celg .24 +.47
[12:09] {dptl} stopped cog
01[12:09] {Threei}  FCX, don't remember this thing being this slow
[12:10] {cipher} celg l .17
[12:11] {cipher} out .32
[12:11] {dptl} vlo .30 short?
01[12:12] {Threei}  yuck
01[12:13] {Threei}  no :)
[12:14] {cipher} wwd l .94
[12:17] {cipher} urbn l .50
[12:26] {cipher} fslr l .30
[12:27] {cipher} urbn stopped -.08
[12:27] {dptl} mpc .20 sh?
[12:27] {dptl} laye
[12:28] {dptl} late
[12:30] {dptl} ko .30 sh?
[12:30] {cipher} out fslr .47 +.17
01[12:32] {Threei}  I think so
[12:33] {cipher} out wwd .05 +.11
[12:46] {dptl} long clf .01
[12:48] {dino} hain hl l .55
[12:50] {dptl} half out clf
01[12:51] {Threei}  hmmm
01[12:51] {Threei}  I see articles like "10 signs that we are in a bull market
01[12:51] {Threei}  you know what this means, right?
[12:52] {dptl} BOHICA?
01[12:53] {Threei}  lol
01[12:53] {Threei}  yes
[12:53] {dptl} :)
01[12:53] {Threei} Short Setup: DCX  .20 break
01[12:53] {Threei}  FCX
[12:55] {dptl} out clf
[12:57] {thomcbell} fb looks like a long setup here 29.45 break if hlding 29.35 -
[12:57] {dptl} stop .25?
[12:58] {dptl} fcx?
[12:58] {cipher} fire l .20
01[12:58] {Threei}  .26
[12:59] {dptl} k
[13:06] {cipher} celg l .97
[13:08] {cipher} out .08
[13:16] {cipher} soda s .24
[13:17] {cipher} cov .02 +.22
[13:18] {cipher} soda l .71
[13:19] {cipher} out .98 +.27
[13:20] {thomcbell} looking for a long setup on lvs here
[13:21] {thomcbell} pivot is 50.70
01[13:21] {Threei}  .80 break
01[13:21] {Threei}  looks good to go
[13:22] {cipher} wow soda
[13:23] {thomcbell} fb 1:1
[13:23] {cipher} calling it a day
[13:23] {cipher} cya
[13:24] {thomcbell} soda nice one
01[13:24] {Threei}  take care cipher
[13:25] {dino} cya cipher
01[13:25] {Threei}  LVS 1:1
[13:25] {dptl} out fcx
[13:26] {dptl} clf .20 long?
01[13:27] {Threei}  I think so
[13:32] {dino} tso hl l .20
[13:33] {dptl} sigh..stopped clf
01[13:43] {Threei}  (US) Bipartisan Policy Center estimates Treasury's extraordinary measures on debt ceiling will run out by Feb 15 - March 1; earlier than many people had expected - CNBC- Expectations had been the measures could extend the debt ceiling through mid to late March.
[13:43] {dptl} fb .60 sh?
01[13:43] {Threei}  yes
[13:44] {dptl} in .58
01[13:45] {Threei}  those are interesting rug pulls in the market today
01[13:45] {Threei}  on no news
[13:50] {dino} hain stop -.30
[13:53] {dino} fio hl l .75
[13:57] {dptl} out fb
[13:57] {dptl} cover some at .50
01[13:57] {Threei}  half out FCX
[14:01] {dptl} low .60 sh?
[14:02] {nemo} mmmhhhh...mnst weak, but the 50 day is 49.34
01[14:03] {Threei}  not sure LOW
[14:10] {dino} ocn spike
[14:11] {dino} hl s .05
[14:14] {dptl} hlf long?
01[14:18] {Threei}  I think so
01[14:18] {Threei}  just hl
01[14:18] {Threei}  .65 break
01[14:18] {Threei}  nice spike
[14:20] {dptl} scrud up
[14:22] {dptl} stoped...can't beleive how can i scrud up this
[14:23] {nemo} well, if you trade like Vad types
01[14:23] {Threei}  how do you do this? broke .65, went to above .80
[14:23] {nemo} vodka
01[14:23] {Threei}  buy .67, sell .80
[14:24] {dino} fio to .15
[14:24] {dptl} was so fast didt exit by the time i put number it droped
[14:25] {dino} cvlt hl l .85
[14:26] {dptl} what about fslr .65 long?
01[14:27] {Threei}  let's avoid too fast stocks then
01[14:27] {Threei}  hmmm
01[14:28] {Threei}  looks like mine stopped updating for some reason then
01[14:28] {Threei}  sorry, wrong window
[14:37] {dino} out fio .20, +.45
[14:39] {dino} out tso .35, +.15
[14:50] {dino} out cvlt .15, +.30
03[14:50] * Retrieving #discussions modes...
01[14:53] {Threei}  nice series dino
[14:53] {dino} ty
[15:02] {dptl} clf .80 sh?
01[15:02] {Threei}  yes
[15:04] {dptl} invalidated
[15:05] {dptl} valid still?
01[15:06] {Threei}  not sure
01[15:14] {Threei} Short Setup: GLD  .50 break
01[15:14] {Threei}  If holds  .60
[15:16] {dptl} anf .60 sh?
01[15:19] {Threei}  umm
[15:20] {dptl} still looking at clf .80short
01[15:23] {Threei}  GLD is valid again
01[15:30] {Threei} Short Setup: FCX  .45 break
01[15:30] {Threei}  If holds  .50
[15:37] {dptl} target fcx?
01[15:38] {Threei}  near .30
[15:38] {dptl} k
01[15:53] {Threei}  half out
[15:57] {dptl} out.34 ty
01[15:57] {Threei}  :)
[15:57] {dptl} little better, but not my day today
01[15:58] {Threei}  decent day here
01[15:58] {Threei}  a bit slow but
[15:58] {dino} thx all, gn
01[15:58] {Threei}  ok guys, thank you all
01[15:58] {Threei}  have a good evening, see you tomorrow
[15:59] {dptl} gn all
01[15:59] {Threei}  oh good GLD, now you decided to trigger
01[15:59] {Threei}  lol

Saturday, January 5, 2013

Nemo's Findings week of 01/06/2013

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

O.K. first full week past the holidays and nothing newsworthy until the debt ceiling  stuff.  Don't worry, Republicans will cave.  They always do, because hell, they gotta' buy votes too.  Last week we had the fiscal cliff paved over (or perhaps "bridged" would be a better analogy) and that gave us a catapult into the new year.  Probably have some gap fill attempt coming.  

Having said that, the Fed is starting to talk about removing the punch bowl sometime this year.  It is now up to the economy to take off the training wheels and show if this market can stand on it's own.  Economic data has been consistently positive. So, earnings season and guidance will likely be important as to market direction...boy that was insightful. 

Scary thought...you know how market tops are defined by such occurrences as Time Magazine covers denoting "will it ever stop going higher (or lower),"  the gas station attendant giving stock advice, etc. Your mother-in-law actually being nice to you. Well, perhaps this isn't quite in the same realm but...revolving around the concomitant debt ceiling deadline, is the discussion about minting a platinum coin.  Those kinda' voila! type solutions scare the shit out of me, because I could actually see politicians going for it.  By the way, have you seen the triple top on the SPY forming in the monthly time frame going back to 1999?   I know.....I'm such a "glass is half full" kinda'...ahhh....er.....nemo, ya' right.....nemo.

Anyway, here are the levels for next week.


 

Friday, January 4, 2013

Market Week Wrap-Up

Cliff Crackup Averted, Risk Assets Rally


- The first week of 2013 saw a massive global equity rally after VP Biden and Senate Minority Leader McConnell brokered a deal to stave off the fiscal cliff at the last possible moment. Although the deal has deferred hard choices on spending for two more months, investors plowed funds into risk assets in steady one-way trading as uncertainties about tax rates were settled. The VIX volatility index saw its biggest one-week loss in more than 25 years and dropped below the 14 level (the measure has finished below the level just 4 times). After the cliff, markets were somewhat caught off guard by the minutes from the FOMC's December meeting, which suggested there has been more discord on the subject of policy and QE than had been assumed. On Friday, the US December jobs report showed solid but unimpressive employment growth, with non-farm payrolls up by 155K, only slightly below the 161K pace seen in November. The unemployment rate edged up to 7.8%. Markets were also heartened by the excellent December ISM Non-Manufacturing Index on Friday, which built on the good growth seen in November and topped expectations. The hopes for and then reality ofof a fiscal cliff deal drove stocks sharply higher on Monday and Wednesday and for the week, the DJIA rose 3.8%, the Nasdaq gained 4.8% and the S&P500 added 4.6%.

- The fiscal cliff deal was arrived at the last possible moment, with the Senate passing a compromise deal at 2A.M. on New Year's Day and the House passing it late that evening. The deal as passed is really only half done: while the tax component of the cliff has been mostly resolved, the spending component still requires work. The compromise bill put off "sequester" for two months while a replacement package of spending cuts is put together. This means that Congress will be wrestling over passage of spending cuts at the same time it deals with the debt ceiling, which was technically reached on New Year's Eve (the Treasury has a series of procedural and technical tricks to keep the Federal Government liquid through February).

- The minutes of the December FOMC meeting betrayed a growing sense of nervousness at the Fed about the extended period of low rates and endless QE. The minutes revealed that several members said the FOMC will likely need to halt or reduce QE before the end of 2013, which was confirmed by Fed hawks Bullard and Plosser in comments on Friday. The minutes also suggested there are concerns about the unintended consequences of ultra-loose policy: the statement warned additional purchases could complicate efforts to withdraw accommodation by potentially causing inflation expectations to rise or by impairing the future implementation of monetary policy. Some analysts suggested that this may have been a trial balloon by the Fed while others said it was a definite shift in tone. Goldman Sachs said the minutes imply a significantly less accommodative path for the Fed, while the WSJ's Hilsenrath warned that a new fault-line has opened up at the Fed.

- The steady job growth in December and the prospect of early policy tightening shook precious metals and fixed income markets. Spot gold was trading as high as $1,695 earlier in the week, but tumbled to $1,626 from the release of the minutes through early Friday morning, before retracing to around $1,655. Gold racked up its sixth straight down week, its longest run of weekly losses since 2004. The yield on the benchmark 10-year note closed at eight-month highs above 1.9% and nearly topped 2% at one point.

- The week featured solid monthly sales reports from retailers and auto manufacturers. The December same-store sales reports were really excellent, with strong outperformance seen among many names across categories. Apparel names Gap, Ross Stores, TJX and Stein Mart crushed consensus estimates. Costco was twice the expected figure. The department store names were strong as well. Limited Brands, which consistently tops expectations, notably missed on comps thanks to flat sales at Victoria's Secret. Both Ford and GM reported strong December sales numbers. Ford said its results were the best December numbers since 2006. Both firms put their initial estimates for 2013 SAAR above 15M units, although this remains well below the pre-recession SAAR figure of 17M units.

- Despite the risk-on rally that followed in the wake of the fiscal cliff deal, the euro stayed weak against the dollar. EUR/USD made a run from the 1.3200/30 area towards 1.3300 in the period immediately after the passage of the fiscal cliff deal. However the pair barely managed to test above this level, and the failure to take out 1.3300 decisively condemned EUR/USD to a retracement all the way back to three-week lows around 1.3000 on Friday.

- The greenback also gained on the Swiss Franc and the pound, which both mimicked the euro weakness through Friday. Note that despite the equity gains, currency traders were considering the further risks that would emerge over the next two months from the half-baked fiscal cliff deal. European bond spreads reflected the rotation out of safe havens and yields were higher for core and semi-core European countries and lower in the periphery. The Spanish 10-year yield bumped right up against 5.00%.

- The yen weakened further as the new Prime Minister Abe continued his campaign to tackle deflation and force the BoJ to adjust its inflation target to 2%, by law if necessary. USD/JPY hit fresh 29-month highs and yen saw its eighth consecutive week of losses against the dollar, its longest losing streak since 1989. EUR/JPY moved out to 16-month highs.

- Cable began the week firmer and tested above the 1.63 handle aided by weekend press articles forecasting that the BOE could defy expectations and raise interest rate in 2013 thanks to economic recovery and rising inflation. On the interest rate front, 10-year Gilt yield moved above the 2% level for the first time since May 2010 and rose to an 8-month high above 2.10%. The Gilt was briefly above its French OAT counterpart for the first time since April 2011. GBP/USD fell to three-week lows by the end of the week to approach the 1.60 level.

- China reported some additional encouraging manufacturing data early in the week. The December HSBC Manufacturing PMI came in at its highest level since May 2011, while
the official Manufacturing PMI reading showed its third consecutive month of expansion.



TradeTheNews

Jan 4 2013

Back and forth day, with a few good trades and a few stops, eventually about even. Pretty much describes the whole week. 


Session Time: Fri Jan 04 00:00:00 2013
[08:21] {dino} gm
01[08:54] {Threei}  morning dino
[09:20] {scottie} good morning
01[09:21] {Threei}  scottie :)
[09:21] {scottie} will be in and out most of the day
[09:21] {ese} morning
01[09:21] {Threei}  ese :)
01[09:22] {Threei}  scottie... trader's answer would be "so will all of us..." nemo's - I don't even want to guess
[09:22] {dino} pretty much
[09:23] {scottie} lol
[09:26] {thomcbell} good morning all
01[09:27] {Threei}  tbell :)
01[09:33] {Threei} Short Setup: C  .70 break
[09:34] {dptl} good morning
01[09:34] {Threei}  dp :)
01[09:34] {Threei}  If holds  .75
01[09:35] {Threei}  no go
01[09:39] {Threei} Short Setup: WFC  .45 break
[09:39] {dptl} low .75 sh?
[09:39] {cipher} bidu l .00
[09:40] {cipher} out .23
01[09:41] {Threei} Long Setup:  FB  28 break
01[09:41] {Threei}  If holds  .90
[09:43] {dino} ipgp drop
[09:43] {thomcbell} amazing that it has traded this much in 8 minutes
[09:43] {cipher} qcor l .98
01[09:44] {Threei}  Invalidated  WFC
[09:45] {cipher} out qcor -.04
[09:46] {dino} fds hl l .83
[09:46] {cipher} LULU L .11
01[09:46] {Threei} Long Setup:  FCX  35 break
[09:48] {ese} L urbn .17
[09:51] {dptl} met .85 long?
[09:51] {cipher} ntap s .70
01[09:51] {Threei}  MET looks good
[09:52] {cipher} cov ntap -.05
[09:52] {nemo} 35.02 is fcx pivot
[09:53] {dino} fds stop -.40, gappy sucker
[09:53] {nemo} ism services in 7
01[09:54] {Threei}  MET 1:1
[09:54] {dptl} out met .99
[09:55] {dino} cstr hl l .00, pulp
01[09:56] {Threei}  1:2, out
[09:56] {cipher} +.15 cstr thx dino
01[09:57] {Threei}  let's cut FCX
01[09:57] {Threei}  something's holding it back
[09:57] {thomcbell} long setup aig 36.34 break if holding 36.24
[09:58] {cipher} fds l .04
[09:58] {dptl} stoped fcx
01[09:58] {Threei}  [09:57] {Threei} let's cut FCX
01[09:59] {Threei}  was .95
[09:59] {cc_8} MARKET SNAP: At 5:42 a.m. ET, S&P 500 futures flat. Treasury yields near 8-month high. Nymex down at $92.23; gold lower 1.4% at 1,640.33. In Europe, FTSE 100 down 0.1%, DAX down 0.3% and CAC 40 down 0.5%. In Asia, Nikkei 225 up 2.8% and Hang Seng down 0.3%.
[09:59] {dptl} ye missed that
01[10:00] {Threei}  *(US) NOV FACTORY ORDERS : 0.0% V 0.4%E
01[10:00] {Threei}  *(US) DEC ISM NON-MANUFACTURING: 56.1 V 54.0E
[10:00] {cc_8} Overnight action: Spain digs into pension fund; HTC to step up innovation; Postholiday letdown for retailers.
[10:01] {cc_8} Earnings: Finish Line, Mosaic
[10:01] {cipher} out nds .46 +.42
[10:01] {nemo} so ISM strong factory orders meh
[10:02] {nemo} looks like spy and IWM to test yesterday's highs
[10:03] {nemo} maybe not...then again, this might be the shake
01[10:03] {Threei} Short Setup: SLW  35 break
01[10:03] {Threei}  If holds  .10
[10:05] {thomcbell} short setup fio 22.50 break if holding 22.60
01[10:07] {Threei}  change SLW to .10 break, aggressive
[10:08] {dptl} stop .21?
[10:08] {dino} addind cstr calls
01[10:09] {Threei}  for now, yes
[10:09] {thomcbell} gdx looks vulnerable too here
[10:09] {dptl} k
[10:12] {thomcbell} fio invalid
[10:13] {thomcbell} im trimming aig too here -0.02
01[10:13] {Threei} Short Setup: MCD  .20 break
01[10:13] {Threei}  If holds  .30
01[10:15] {Threei}  MCD target 1:2
[10:15] {cipher} qlik s .95
01[10:16] {Threei}  no go SLW
[10:16] {dptl} stoped slw
[10:19] {dptl} rht .70 long?
[10:19] {ese} skys the limit if urbn can get past .49
01[10:19] {Threei}  not sure
01[10:20] {Threei}  RHT is looking right but so far breaks like this didn't work
[10:20] {dptl} what about swks .05 short?
01[10:20] {Threei}  same thing
[10:21] {cipher} cov qlik .90 +.05
[10:21] {ese} looking at buying some new Vokey wedges dino 50* and 56* before i hit the links today
[10:21] {ese} come on urbn
[10:22] {ese} perfect
[10:22] {dino} nice ese. no golf for me, 16" snow here
[10:23] {dptl} is jcp same thing? .60 long?
[10:23] {ese} come on up and see vad and I.........i'll take you out
[10:24] {ese} daaaaaaaaaaa  the wedges are slipping out of my finger tips
[10:24] {dino} would luv too, but no time. 2 kids in sports
[10:24] {ese} now thats a good reason
01[10:24] {Threei}  they all get faded, dp
01[10:25] {Threei}  MCD was the best of them and look how hard fit is for it to get going
[10:25] {dptl} i see..lets play oposite then :)
[10:26] {cipher} fran l .15
[10:27] {ese} am showing extreme patience here...............NOT!!!!!!..........just a little patience but extreme patience with urbn.........am not liking the way it trades
01[10:27] {Threei}  stop .26 MCD
[10:28] {dino} trgp spike
01[10:29] {Threei}  1:1 finally
[10:30] {ese} urbn a classic price pattern from your book vad
[10:30] {cipher} wdc l .74
[10:30] {ese} gotta break through .50 though
01[10:30] {Threei}  it is, just a bit too volatile
[10:32] {cipher} out wdc -.07
[10:32] {ese} yup
01[10:36] {Threei}  1:2
01[10:36] {Threei}  out
01[10:36] {Threei}  whew
[10:36] {thomcbell} best part about that urbn is the daily
[10:37] {ese} yes
[10:37] {ese} agreed
01[10:37] {Threei}  anyone took MCD??
[10:38] {ese} wanted too....but was distracted with urbn
[10:38] {ese} looks like it would have been an awesome play fro .40 though
[10:38] {dptl} hes .80 short?
[10:39] {ese} if it can get past .50 t bell..........42 should be a good target
01[10:41] {Threei}  HES yes
01[10:41] {Threei}  but if you didn't take MCD, I am not answering your questions anymore
[10:42] {dptl} i couldnt was in slw at the time
[10:42] {ese} although if my 13ma crosses below my 50ma on the 1min..........I.............am...........outta..............there!
01[10:42] {Threei}  ummm... walking and chewing gum??
[10:42] {nemo} damn...bottle is empty
[10:43] {ese} which bottle
[10:43] {nemo} Jack Honey
[10:43] {nemo} goes good with bacon ;-)
01[10:43] {Threei}  what doesn't
[10:44] {ese} lol
01[10:44] {Threei}  crap, missed AIG short
01[10:44] {Threei}  was looking at .20 break
[10:45] {cipher} out fran .27 +.12
[10:45] {ese} what the H is going on with the spyders now
[10:45] {nemo} just hit pivot
[10:45] {ese} sheesh
[10:45] {nemo} iwm hit vwap
[10:45] {nemo} finnies hit yesterday's high...bounce time
[10:46] {nemo} confluence baby
[10:46] {ese} it should know that i'm long and should be going up
[10:46] {dino} lol
[10:46] {ese} it's all about me.................i can't believe it doesn't get that
[10:46] {nemo} musician's ego
[10:46] {ese} definitely
01[10:47] {Threei}  nemo... try this experiment: get some salted pork belly, wrap it in bacon, pour some honey or maple syrup on it... and tell me it doesn't taste good
[10:47] {nemo} is that a monitor or a mirror in front of you
[10:47] {nemo} bet I know what his wallpaper is?
[10:47] {ese} rotflol
01[10:47] {Threei}  you don't
[10:47] {nemo} I lie Vad
01[10:47] {Threei}  his wallpaper is his band girls... and alternate one is his own image to which he switches when wife walks in
[10:48] {ese} ohhhhhhhh yes......he does
[10:48] {dino} onxx spike
[10:49] {nemo} dcc ese
[10:49] {dino} wtf, i am missing entries like crazy last two days
[10:49] {ese} gotta admit though nemo.........you've got me watchin the vwap.........urbn just bounced off it
[10:49] {nemo} this week is always whacked
[10:50] {cipher} ONXX
[10:50] {dino} hope so, had best month of year in december, so far struggling in new year
[10:50] {nemo} looks like a finish up cipher, see if it gets a higher low
[10:52] {dino} onxx sm s .40
[10:52] {cipher} missed onxx entry at .99 by a nanosecond
[10:52] {nemo} wow...your computer clock goes out that many digits?
[10:52] {cipher} give or take a few :)
[10:53] {cipher} could have been an easy 50 cents
[10:53] {dino} die onxx
[10:54] {dptl} mpc .80 long?
[10:55] {dino} onxx bstop to .10
[10:55] {dptl} or .70 sh?
01[10:55] {Threei}  I like MPC on a short side
[10:56] {dino} cov +.28 slip
[10:56] {thomcbell} duh fb
[10:56] {thomcbell} look at that Vad
[10:56] {dptl} shorted .70 mpc
[10:56] {thomcbell} where were we 28.04 break
[10:57] {ese} another kick at the cat here t bell with urbn
[10:57] {cipher} onxx l .02
[10:58] {dino} nice
01[10:58] {Threei}  yes FB...
01[10:59] {Threei}  too many fakeouts today
01[10:59] {Threei}  MPC 1:1
[10:59] {ese} indeed
[10:59] {cipher} out onxx .45 +.43
[11:00] {cipher} got it this time
[11:00] {dptl} out .57 mpc
[11:00] {ese} ahhhhhhhhhhhhhh
[11:01] {ese} the infamous .50 break
01[11:01] {Threei}  wtg cipher
[11:01] {ese} and
[11:01] {cipher} ty
[11:01] {ese} without vads classic 2X4 upside the stock
[11:02] {cipher} FRAN L .08
[11:03] {ese} that was my first wifes name.............don't buy that stock..........opps  sorry to late with the warning
[11:03] {cipher} lol
01[11:03] {Threei}  MPC 1:2
[11:05] {dptl} cog .35 sh?
01[11:05] {Threei}  wow MCP
01[11:06] {Threei}  COG, marginal setup
01[11:06] {Threei}  not sure
[11:06] {cipher} out fran .06 -.02 thx for the warning ese
[11:06] {ese} lol
01[11:07] {Threei}  OK, following ese trend, I am preparing a list of names you guys should avoid at any cost
[11:08] {ese} lol.......glad i can help in a way
[11:08] {cipher} ulta drop
[11:08] {dptl} rig .20 short?
[11:09] {dino} tso drop
01[11:10] {Threei}  interesting to try, RIG
01[11:10] {Threei}  quite a run on daily
[11:11] {dptl} in rig .18
[11:12] {cipher} ulta l .68
[11:12] {ese} I can feel those vokey wedges slipping out of my finger tips
[11:12] {cipher} out .95
[11:13] {cipher} ulta reload .81
[11:14] {dino} tso hl l .70
[11:15] {cipher} out ulta .19 +.38
[11:17] {cipher} ok guys had enough of this
[11:17] {cipher} have a good weekend
[11:17] {dino} gj cipher
01[11:17] {Threei}  you too cipher, gj
[11:17] {cipher} thx
[11:27] {dptl} out half rig
01[11:28] {Threei}  1:1
[11:28] {dptl} stop to .24
01[11:31] {Threei}  ese
01[11:31] {Threei}  look at our old friend DRYS
[11:32] {ese} will do
[11:32] {ese} wow.......smokers
[11:33] {ese} i thought this thing was going to be confined to the penny stock jail for a long time
01[11:33] {Threei}  EGLE, same
01[11:33] {Threei}  shippers are having grand day
[11:34] {ese} 2008 it was 80 bucks a share
01[11:35] {Threei}  and RIMMM was 80 too... sic transit gloria mundi
[11:35] {ese} 2007 $130
[11:35] {ese} indeed
[11:36] {ese} wonder whats up.....bulk dry index showing signs of recovery or something?
01[11:37] {Threei}  I guess
01[11:37] {Threei}  or just run out of sellers
01[11:37] {Threei}  DSX is probably the most solid of the bunch
[11:38] {ese} I think Dana shipping always was.........questionable Greek management with drys
[11:38] {ese} diluted the crap out of it
[11:39] {ese} probably to pay off politicians or something
01[11:41] {Threei}  RIG 1:2 baby
[11:45] {dino} open drop
[11:46] {thomcbell} urbn
[11:47] {thomcbell} it is trying again
01[11:49] {Threei} Long Setup:  LVS  .90 break
[11:52] {scottie} BK l 27 ?
01[11:53] {Threei}  I think so
[11:57] {dino} out tso .02, +.32
01[11:59] {Threei}  LVS half out
01[11:59] {Threei}  wtg dino
01[12:00] {Threei}  1:2 LVS, out
[12:00] {dptl} me too ty lvs
[12:00] {scottie} + .19 tks Vad
01[12:00] {Threei}  :)
01[12:00] {Threei}  some thing in life are easy
01[12:00] {Threei}  this was one of them
[12:05] {dino} ty
[12:07] {Will49} Hi Vad, my weekly check-in to keep settings current
01[12:08] {Threei}  hey will!
01[12:08] {Threei}  how's maui?
[12:09] {Will49} Mauiarvoulous
01[12:09] {Threei}  thought so :)
[12:09] {dino} c'mon will, you can trade from the beach
[12:09] {dptl} alohaaa
[12:10] {Will49} have been ordered to take a pure vacation by the "boss"
[12:10] {Will49} hi dp
01[12:10] {Threei}  hawaiian time zone is not really conducive for trading
[12:10] {Will49} you got that right
[12:11] {dptl} double mai tai eh
[12:11] {Will49} every day
01[12:11] {Threei}  a bit too sweet for my taste... but kalua pig is always welcome
[12:12] {dino} well then be sure to check out the local talent
[12:12] {Will49} I'd love to live here but too expensive
[12:12] {dptl} i liked blue lagoon there
[12:12] {Will49} hahaha dino
[12:12] {Will49} Hey Vad, tried to log in on mibbit but wouldn't let me on
01[12:13] {Threei}  hmm?
[12:14] {Will49} doesn't matter
01[12:14] {Threei}  you must've mistyped something... server doean't care which way you connect, as long as credentials are correct
[12:15] {scottie} hi will
[12:15] {Will49} Good trading guys...gotta feed the goats
[12:15] {Will49} Hi Scottie
[12:16] {ese} out urbn .48 +.31......gotta tee time all.......have a great weekend cya monday
[12:16] {scottie} ese
[12:16] {dino} cya ese
[12:16] {dino} hit 'em well
[12:16] {ese} scottie dino
[12:16] {ese} will do
01[12:26] {Threei}  I dunno what links he is talkin about, rainy day
[12:27] {dino} never rains on golf course
[12:31] {dptl} wlt .45 short?
01[12:37] {Threei}  hl
[12:40] {dptl} stop .56
01[12:40] {Threei}  got an e-mail from some vegetarian outfit telling me I should feel ashamed about "slaughtering innocent animals"
01[12:40] {Threei}  I wonder where I can find guilty animals
01[12:48] {Threei}  SPY stalled
[12:51] {dino} ipgp drop
[12:52] {dino} lol 3i. funny how they all wear leather shoes
[12:52] {dptl} stoped wlt
[12:57] {dino} cstr to .60
[12:57] {dino} to .70
[12:59] {dino} out cstr .72, +.72
[13:00] {dptl} cov .60sh?
01[13:03] {Threei}  probably
[13:05] {dptl} nah..i like when you say yes lol
[13:06] {dptl} gonna take a little break
[13:36] {dptl} fslr .65 sh?
01[13:40] {Threei}  can't te;;
01[13:41] {Threei}  tell
01[13:41] {Threei}  tough one
[13:41] {dino} elli drop
[13:41] {dptl} ok what about mpc shoert?
01[13:43] {Threei}  .75... yeah
[13:44] {dino} hum, unh spikes
[13:44] {dino} aet hl l .30
[13:53] {dptl} in mpc .86 stop
[13:57] {dino} aet to .40
[14:04] {dino} aet to .48
[14:05] {dino} to .52
[14:06] {dino} out +.22
[14:07] {dino} mdc spike
[14:07] {dino} too fast
[14:20] {thomcbell} long setup thc - 34 break if hlding 33.90
[14:22] {dino} giddy-up
[14:23] {thomcbell} target is 1:2 and it may take 90 minutes
[14:23] {dino} lol, thanks for the warning
01[14:24] {Threei}  lol
[14:27] {dptl} stopped mcp
[14:32] {cc_8} Among the companies with shares expected to actively trade in Friday’s session are Finish Line Inc. FINL -8.88% (FINL) Accuray Inc. ARAY -19.32% (ARAY) and Coinstar Inc. CSTR -4.02% (CSTR).
[14:32] {nemo} define active
[14:33] {cc_8} more than 100 shares
[14:33] {nemo} ow...
[14:33] {nemo} I'm so bored my eyes are bleeding
[14:33] {nemo} aray
[14:33] {nemo} sorry
[14:33] {thomcbell} splk looks squeezable on daily
[14:34] {thomcbell} i know - its scary how dull the tape is
[14:35] {thomcbell} seems like a strong close is likely
[14:39] {dino} out thc .98 -.02
[14:39] {dino} reverse slip, stop was .97
[14:48] {dptl} mpc bustard
[14:48] {dptl} rinsed
01[14:48] {Threei}  yeah
[14:49] {dptl} what about clf short?
01[14:49] {Threei}  the rince would be above .20, right?
01[14:49] {Threei}  let's wait for this bounce and short it there
[14:50] {thomcbell} svu takeover stuff
[14:50] {thomcbell} strong
[14:50] {dptl} ok
01[14:51] {Threei}  lookie here
01[14:51] {Threei}  would have rinsed
[14:51] {dptl} yeah
01[14:52] {Threei}  now short .25 break if stays under .30
[14:53] {dptl} got .24
[14:56] {thomcbell} thc 1:1
[14:57] {dptl} stopped
[14:59] {dino} gj tbell
[14:59] {thomcbell} tu
[15:06] {dino} out cstr calls +.50 or 45%
[15:06] {thomcbell} thc 1:2
[15:07] {thomcbell} took 37 minutes
[15:07] {dino} beauty tbell, i should have stayed at original stop
[15:15] {dptl} vrtx short?
01[15:17] {Threei}  market's uptrending
[15:17] {dino} bbsi spike
[15:21] {dino} bbsi sm s .42 thinny
[15:26] {dino} well that sucked
[15:27] {dino} nsm
[15:40] {dino} got lucky, bbsi stop .55 -.13
[15:46] {thomcbell} good weekend guys
[15:46] {dino} you too tbell
[15:46] {dino} heading out myself. thx all, decent day
01[15:49] {Threei}  OK guys
01[15:49] {Threei}  thank you all, have a great weekend
[15:49] {dptl} see ya monday all
01[15:49] {Threei}  next week should be more clear

Thursday, January 3, 2013

Jan 3 2013

Much better day as we go some volatility instead on gap-n'stall. Want also to post here what said on FB and elsewhere, for all the readers to take notice:

From FOMC minutes: "- A number of participants expressed the concern that additional purchases could complicate the Committee's efforts to eventually withdraw monetary policy accommodation, for example, by potentially causing inflation expectations to rise or by impairing the future implementation of monetary policy. Participants also discussed the implications of continued asset purchases for the size of the Federal Reserve's balance sheet. Depending on the path for the balance sheet and interest rates, the Federal Reserve's net income and its remittances to the Treasury could be significantly affected during the period of policy normalization "
Translation: we inflated assets and manufactured this rally with our endless money injection, but it's not really endless... and for the first time in years we started talking about the end. Spooked junkie hearing that he might not get his next fix one day throws hissy fit. IMO, this sudden drop, however insignificant it is in a big scheme of things and however quickly it's going to be remediated, is a preview of things to come when, voluntarily or kicking and screaming, Fed will end QE in whatever form it mutates to till then. One of Asimov's best novels is titled The End of Eternity... it will require the talent of the same scale to write the epic titled The End of QE to Eternity. Whenever it comes, it WILL be epic.


Session Time: Thu Jan 03 00:00:00 2013

[08:59] {dino} gm
01[09:04] {Threei}  morning dino
[09:05] {cipher} gm
01[09:05] {Threei}  cipher :)
[09:07] {scottie} good morning
01[09:08] {Threei}  scottie :)
01[09:17] {Threei}  https://twitter.com/TheEconomist/status/286838012053176320/photo/1
[09:18] {goryl} gm all
01[09:18] {Threei}  goryl :)
[09:27] {dino} fdo, masi, allt, mlnx
[09:28] {dptl} good morning
[09:28] {dino} unh drop
01[09:28] {Threei}  dp :)
[09:33] {cipher} pkt l .45
[09:34] {dino} allt hl l .30
01[09:34] {Threei} Long Setup:  LVS  .80 break
01[09:35] {Threei}  If holds  .70
[09:36] {cipher} out pkt .80 +.35
01[09:36] {Threei} Long Setup:  FCX  .90 break
01[09:36] {Threei}  kate
01[09:36] {Threei}  late
[09:37] {robbers} Don't bring Kate into this.
01[09:37] {Threei}  grr, fast jump
[09:39] {dino} upton?
[09:40] {cipher} cphd l .64
[09:40] {cipher} out .97
[09:42] {dino} masi hl l .30
01[09:42] {Threei} Long Setup:  LVS  .65 break
01[09:42] {Threei}  wtf
01[09:42] {Threei}  second one teleports
[09:43] {dptl} jcp .30 long?
01[09:43] {Threei} Long Setup:  GM  .25 break
01[09:44] {Threei}  If holds  .15
[09:44] {dino} allt stop -.35
01[09:45] {Threei}  1:1
[09:46] {scottie} couldn't get in, still having problems with laser
01[09:46] {Threei}  problems?
01[09:46] {Threei}  seems to work flawlessly
[09:47] {scottie} Doesn't seem to accept first order o the day, cc investigating
[09:47] {goryl} mine is good
[09:47] {scottie} happened a few times lately
01[09:48] {Threei}  1:2, out
[09:48] {dptl} all out gm ty
[09:48] {goryl} ty Vad:)
01[09:48] {Threei}  :)
[09:48] {robbers} good call.
[09:50] {goryl} gonna go and buy myself a Chevy now:)
01[09:50] {Threei}  FCX irritates me... got the reversal just right, and was 2 seconds late woh alert
01[09:50] {Threei}  lord no...
01[09:51] {Threei}  let's better make some money on NSANY so you buy Nissan
[09:51] {cipher} SAFM L .25
[09:51] {goryl} Bentley:)
[09:52] {cipher} out safm .56 +.31
01[09:52] {Threei} Long Setup:  NUE  .95 break hl
[09:52] {dino} gj
[09:53] {ese} mornin forgot to sign in
01[09:53] {Threei}  lol
01[09:54] {Threei}  early onset of alzheimer?
[09:54] {ese} L deck .03
[09:54] {ese} yup
01[09:54] {Threei} Short Setup: FB  .85 break
01[09:55] {Threei}  If holds  .90
01[09:55] {Threei}  disregard NUE
01[09:55] {Threei} Long Setup:  MCO  52 break
01[09:56] {Threei}  If holds  .90
01[09:56] {Threei}  Invalidated  FB
[09:57] {ese} out deck .40 +.37
[09:58] {dino} adding allt calls
01[10:03] {Threei} Short Setup: FB  .35 break
[10:03] {ese} gps
01[10:04] {Threei}  If holds  .40
01[10:06] {Threei}  half out .26
01[10:06] {Threei}  stop .36
[10:08] {dptl} out fb ty
01[10:08] {Threei}  yw
01[10:09] {Threei}  Hugo Chavez passes away aged 58 in Cuba
[10:09] {dino} good
[10:10] {cipher} thor l .21
01[10:10] {Threei}  Obama total approval 57%, new post-election high
01[10:10] {Threei}  someone shoot me
[10:10] {dino} trgp spike
[10:10] {dptl} hes .20long?
[10:11] {cipher} out thor .30 +.09
01[10:11] {Threei}  not sure
01[10:12] {Threei} Short Setup: F  .48
01[10:13] {Threei}  If holds  .55
01[10:13] {Threei} Long Setup:  HNR  .35 break hl
01[10:13] {Threei}  If holds  .25
01[10:14] {Threei}  purely speculative play on Chavez
01[10:17] {Threei}  let's move stop to under .30
01[10:17] {Threei}  F target around .39
01[10:17] {Threei}  .30
01[10:18] {Threei}  yuck
[10:19] {dptl} stopped .17
01[10:19] {Threei}  market order??
[10:20] {dptl} no...just fast
[10:21] {cipher} qlik l .01
[10:22] {dptl} jcp .05 sh?
[10:22] {dptl} late
[10:23] {dino} cphd hl l .75
[10:25] {ese} L dltr .94
[10:26] {dptl} cien .70long?
01[10:27] {Threei}  nah
[10:27] {cipher} qlik stopped .97 -.04
[10:29] {dptl} dg .20 long?
01[10:29] {Threei}  hl
[10:31] {ese} out dltr .13 +.20
[10:33] {ese} L gps .53
01[10:34] {Threei} Short Setup: FCX  .25 break
01[10:34] {Threei}  If holds  .30
[10:35] {dptl} half out .38 dg
[10:36] {dptl} all out .48
[10:36] {ese} out gps .69 +.26
[10:37] {ese} sorry .16
01[10:39] {Threei}  good one DG
[10:40] {dptl} ty
01[10:40] {Threei}  F doesn't look right anymore
[10:41] {scottie} hal l. .05 ?
[10:42] {cipher} CHKP l.68
01[10:42] {Threei}  yes
[10:42] {ese} dino...you looked into FDO at all today
[10:42] {ese} 7 and 1/2 dollar haircut
01[10:43] {Threei}  bad earning, bad guidance
[10:44] {ese} perfect.......
[10:45] {ese} should be some panic there
[10:45] {cipher} fdo l .61
[10:46] {dptl} rht .30sh?
[10:47] {ese} in and out of DG .64/.77 +.13
[10:47] {ese} damn that went fast
[10:52] {dptl} cog .50 long?
[10:53] {cipher} out fdo .73
01[10:53] {Threei}  not liking it very much
01[10:53] {Threei} Long Setup:  CAT  .30 break hl
[10:53] {dptl} k
01[10:54] {Threei}  If holds  .20
[10:59] {ese} L wac .81 sm
[11:00] {ese} dino is my mentor here
01[11:01] {Threei}  going for 1:3 on this one
01[11:05] {Threei}  SPY looks ready to bust 146, and notice that CAT is ona verge on 52 weeks high
01[11:05] {Threei}  1:1
01[11:06] {Threei}  no, sorry
01[11:06] {Threei}  nmistaken about 52-week high
01[11:06] {Threei}  still, daily looks pretty good
01[11:07] {Threei}  .45 will be two-day's break
[11:08] {cipher} fdo l.97
[11:08] {cipher} out .11
[11:09] {scottie} HAL half out .15
01[11:09] {Threei}  wtg
[11:10] {scottie} ty
[11:10] {dptl} out some cat .48 ty
01[11:10] {Threei}  yw
[11:13] {cipher} chrw l .55
[11:14] {goryl} hmm, got filled on 17 shares at 50:)
[11:14] {dptl} lol lucky
[11:16] {ese} L gps.50
[11:17] {cipher} out shrw .45 -.10
[11:17] {scottie} out HAL .25 +.19
[11:17] {dptl} nice:)
01[11:17] {Threei}  nice
01[11:18] {Threei}  sharp spike
[11:18] {scottie} ty sould have stayed in
[11:18] {scottie} should
01[11:18] {Threei}  that was news-caused
01[11:18] {Threei}  RIG Said to be planning settlement with DoJ -
01[11:18] {Threei}  this very minute
01[11:19] {Threei}  BP and HAL are sympathy plays
[11:19] {dptl} out cat
01[11:19] {Threei}  out too
[11:20] {goryl} u out of CAT Vad?
01[11:21] {Threei}  yes
[11:21] {goryl} ok
01[11:21] {Threei}  should have moved much faster after taking .45
01[11:21] {Threei}  may have more in it or not, but I have no read anymore
[11:26] {scottie} XLNX s .20 ?
01[11:26] {Threei}  I think so
[11:29] {dptl} len .30 long?
01[11:29] {Threei}  yup
01[11:32] {Threei}  darn CAT
01[11:32] {Threei}  fooled us
[11:32] {goryl} bad kitty
[11:33] {dptl} out half len .39
01[11:33] {Threei}  1:1 easy LEN
[11:34] {nemo} cat net stop 95
[11:34] {scottie} half out LEN tks dp
[11:34] {dptl} :)
[11:36] {nemo} so, dino...what was that about a gap fill?
[11:38] {ese} out gps .75 +.25
[11:38] {dino} it will nemo, not today, but it will
[11:39] {scottie} len out in full :)
[11:39] {dptl} out more .49 len
01[11:40] {Threei}  1:2... and frikin CAT 1:3
[11:41] {dino} trgp hl s .99
[11:42] {scottie} gm l .95 ?
01[11:42] {Threei}  ugh, no
[11:43] {dptl} done with len
[11:47] {scottie} IT l .40 ?
[11:48] {scottie} ignore :)
[11:48] {scottie} had a look at the spread
[11:51] {dptl} hal may be short .40 break?
[11:52] {scottie} NFLX l .70 ?
[11:53] {scottie} NFX sorry
01[11:53] {Threei}  meh
[11:54] {dptl} what do you think hal Vad?
01[11:54] {Threei}  not sure
[11:57] {dino} out cphd .96, +.21
[11:57] {dptl} met .15 long?
[11:58] {dptl} ah..:)
[12:01] {dptl} dg?
[12:01] {dino} trgp bstop is .26. btb
[12:04] {ese} wtf...............I think i'll just quit for a few seconds and then fire myself back up again...........damn computers thinkin for themselves
[12:06] {dptl} do not interrup computer thinking
[12:07] {ese} i'll say
[12:09] {cipher} conn l .15
[12:12] {ese} aye laddie you'll no "conn" me inta tha one
[12:13] {ese} well......?????..........I thought it was funny
[12:13] {ese} right then L jcp .49
[12:15] {dptl} what time frame you using Ese? 1min?
[12:15] {ese} right then lads..........jcp off da fuv da fov........don't you agree
[12:17] {ese} beee daaaaa borrrrrr daaaaa bede.........some daaaaaaaa downnnnnaaaaaa
[12:17] {dptl} smoking again eh? lol
[12:18] {ese} opps.......off daaaa feeeeda fov
[12:18] {ese} lol
[12:18] {ese} ahhhhhhhhhh.......what makes you say that..........I thought the conversation was normal
[12:18] {dptl} lol.....
[12:19] {cipher} out conn .26 +.11
[12:21] {ese} aye laddie .....maybe ya shoulda "conn"ed me inta et
[12:29] {cipher} qlik l .35
[12:32] {dino} allt l .02
[12:35] {cipher} out qlik .27 -.08
01[12:42] {Threei} Short Setup: DG  42 break
01[12:42] {Threei}  If holds  .10
[12:42] {dino} trgp big rinse
01[12:48] {Threei}  (US) Treasury Sec Geithner reportedly to leave the administration before the targeted debt ceiling debate time period concludes - financial press- Note: Geithner's departure had been expected for the early portion of 2013
01[12:48] {Threei}  can't happen soon enough
[12:48] {dptl} hal short?
01[12:49] {Threei}  hard to tell
01[12:49] {Threei}  50/50
[12:49] {dptl} k
[12:50] {ese} L gps .19
[12:52] {dptl} lyb 58 short?
01[12:53] {Threei}  yup
01[12:53] {Threei}  nice-looking setup
01[12:53] {Threei}  begs to be shorted
[12:53] {cipher} ezch l .92
[12:53] {dptl} in
[12:54] {dptl} .10 stop
[12:58] {ese} out gps .27 +.08
[12:58] {ese} slim pickens
[13:00] {nemo} ebay
[13:01] {cipher} out ezch .04 +.12
[13:01] {ese} finally wac making a move..............dino......torture buddy ....torture..........how do you have patience with these type of stocks....sheesh
[13:02] {dptl} bc weed ese :)
[13:02] {ese} lol
[13:03] {ese} nah.......his is Philadelphia Freedom maybe
[13:03] {nemo} OMFG
[13:05] {ese} what !!!what????  is the sky faliing?
[13:05] {dino} ese, its called hard stops
[13:05] {scottie} tpx s .70 ?
[13:05] {nemo} trade and forget
[13:06] {scottie} half out LYB tks dp
01[13:06] {Threei}  probably, TPX
01[13:06] {Threei}  LYB :)
01[13:06] {Threei}  looked very lucrative
[13:06] {dptl} half out
[13:09] {cipher} qlik l .91 stop .88
[13:11] {scottie} car s .10 ?
[13:12] {scottie} in .09
[13:13] {cipher} out qlik .87 -.04
01[13:14] {Threei}  CAR, no firm opinion, but I'd prefer aggressive entry on sucn chart
[13:14] {dptl} out more lyb
[13:14] {scottie} out lyb in full tks dp
[13:14] {dptl} yw
[13:14] {dptl} :)
01[13:15] {Threei}  very nice one
01[13:15] {Threei}  dp is pushy as hell, but does have his moemnts
[13:15] {nemo} Darwin Award:  http://www.boston.com/metrodesk/2013/01/03/person-struck-and-killed-they-apparently-tried-cross-route-newton-today/TqeH2ghyCS2MUTuauk2O2L/story.html
[13:16] {dptl} stop .91 for last piece....ye working on pushing thing
[13:17] {dino} gj
[13:17] {dptl} all out here
[13:17] {dptl} ty
01[13:17] {Threei}  very nice
01[13:17] {Threei}  that's one of those setups where I have very little doubt
01[13:17] {Threei}  screams "take me"
[13:17] {dptl} ty sir...
01[13:18] {Threei}  you can tell by my reaction... "meh, could be" vs:
01[13:18] {Threei}  [12:53] {Threei} yup
01[13:18] {Threei}  [12:53] {Threei} nice-looking setup
01[13:18] {Threei}  [12:53] {Threei} begs to be shorted
[13:19] {dptl} yes i noticed that pattern....only take one with yes answer lol
[13:19] {nemo} mmmmhhhh rost
01[13:20] {Threei}  wooohoooo!
01[13:20] {Threei}  You were recently chosen as a potential candidate to represent your professional community in the 2013 Edition of Worldwide Who's Who.
01[13:20] {Threei}  We are pleased to inform you that your candidacy was formally approved on January 2nd, 2013. Congratulations.
01[13:20] {Threei}  finally
[13:20] {cc_8} that sounds prestigious
[13:21] {scottie} great
01[13:21] {Threei}  nice scam :)
01[13:22] {Threei}  this must be one of wierdest headlines today:
01[13:22] {Threei}  US antitrust regulators say no evidence for claim that Google unfairly favors own services; end investigation of Google
01[13:23] {Threei}  I would be very surprized if google, or anyone else for that matter, didn't favor own services
[13:26] {cipher} qlik l .71 last try
[13:28] {cipher} out .95 +.24
[13:29] {dino} gj
[13:29] {scottie} CAR stop to .16
[13:29] {cipher} ty
[13:29] {cipher} got my revenge
01[13:29] {Threei}  nice one cipher
01[13:29] {Threei}  perseverance
[13:29] {cipher} shoulda just shorted the sucka
[13:29] {nemo} could go 21.25
[13:30] {scottie} out
01[13:31] {Threei}  I believe it's a right move scottie
01[13:31] {Threei}  doesn't look right
[13:32] {ese} L gps .29378
[13:32] {ese} that should make my calculations easy
[13:32] {dptl} lol ese
01[13:32] {Threei}  hehe
[13:33] {cipher} qlik reload .96
[13:33] {nemo} hey ese, just round it to the nearest penny
[13:33] {dptl} rht .20 short?
[13:33] {nemo} I haven't exited cipher  ;-)
[13:34] {cipher} out .04 thx nemo
[13:34] {ese} lol
[13:34] {nemo} why
[13:34] {ese} oh ya.........why didn't i think a that
01[13:34] {Threei}  RHT, hl, but yes
[13:35] {cipher} dunno just something about it
[13:38] {nemo} I've got selll in at .27 stop at .94
[13:38] {cipher} what's your entry?
[13:38] {nemo} .78
[13:38] {nemo} I was late
[13:38] {scottie} AN l .70 ?
[13:38] {cipher} nice
[13:39] {nemo} I thought it might actuall drop closer to .50
01[13:39] {Threei}  AN, no
[13:39] {scottie} not a JBE ?
[13:40] {ese} out gps .4901 +.20 friggin even
[13:40] {nemo} something weird going on in qlik
01[13:40] {Threei}  no, not enough consolidation
[13:41] {scottie} ok
[13:43] {ese} i'm outta here all............been a good day in ye ole market..........cya tomorrow
01[13:44] {Threei}  take care ese
[13:44] {dino} cya
[13:44] {scottie} ese
[13:44] {ese} cya
[13:48] {dptl} in rht
[13:53] {dptl} is it fomc today?
01[13:53] {Threei}  no
[13:54] {dptl} k
[13:54] {scottie} message on laser, fomc minutes at 2 pm
01[13:56] {Threei}  that's minutes from last FOMC
01[13:57] {Threei}  not a rate decision
[13:57] {scottie} ahhhh...
01[14:02] {Threei}  *(US) MINUTES OF THE DEC 12 FOMC MEETING: INCREASED UNCERTAINTY LED TO FIRMS TO DEFER HIRING
01[14:02] {Threei}  RHT baby
[14:02] {dptl} out some
[14:03] {scottie} out rht +.12 tks dp
[14:03] {dptl} :)
[14:03] {scottie} you're on fire today
[14:04] {dptl} lucky as dino would say :)
[14:04] {dino} indeed
06[14:04] * Threei douzes dp with gasoline
[14:05] {dptl} lol
[14:05] {scottie} the more you practice, the luckier you get
[14:05] {dptl} yep
[14:06] {dino} some people create their own luck
01[14:06] {Threei}  and some redistribute other's
01[14:06] {Threei}  others'?
[14:09] {dptl} all done rht
01[14:10] {Threei}  wtg
[14:10] {dptl} ty ..all with your help Vad :)
[14:20] {cipher} chkp l .20
[14:21] {cipher} out -.20
01[14:26] {Threei} Short Setup: AN  .40 break
01[14:26] {Threei}  hl
01[14:27] {Threei}  If holds  .50
01[14:29] {Threei}  so, going over FOMC minutes, this is what spooked market
01[14:29] {Threei}  - A number of participants expressed the concern that additional purchases could complicate the Committee's efforts to eventually withdraw monetary policy accommodation, for example, by potentially causing inflation expectations to rise or by impairing the future implementation of monetary policy. Participants also discussed the implications of continued asset purchases for the size of the Federal Reserve's balance sheet. Depending on the path for the balance sheet and interest rates, the Federal Reserve's net income and its remittances to the Treasury could be significantly affected during the period of policy normalization
01[14:30] {Threei}  which is akin to: we inflatedf this rally with our endless injection, but it's not really endless... and for the first time in years we started talking about the end
[14:32] {nemo} frickin' system problems
[14:33] {dptl} BOHICA
[14:33] {nemo} Hey...Tito's vodka
[14:34] {dptl} good?
[14:34] {nemo} Russian Approved
[14:35] {dptl} where is it made?
[14:35] {nemo} Texas
[14:35] {dptl} hmm...
[14:37] {nemo} what did the minutes say that everybody puked
01[14:37] {Threei}  http://goo.gl/PeIUc
[14:38] {nemo} oh...an excuse to sell yesterday's rally...figured it would happen this afternoon or tomorrow, why wait until Friday
[14:40] {cipher} vviv l .71
[14:40] {cipher} ffiv
[14:42] {dino} fio l .40
[14:43] {cipher} out ffiv .60 -.11
[14:45] {nemo} frickin stuck nasdq quotes..wtf
01[14:46] {Threei}  NASDAQ reported systemwide problems eaerlier
01[14:47] {Threei} Short Setup: GLD  .25 break
[14:48] {nemo} be great get some volatility back...thanks Fed
[14:49] {nemo} that's a two way me thinks
01[14:50] {Threei}  you are just imposing your own perversion on the chart
[14:50] {nemo} right...
01[14:52] {Threei}  no go
[14:52] {nemo} is for me
[14:52] {cc_8} As more details emerge about the disappointing holiday season, analysts have lowered ratings and expressed concern about earnings announcements set to hit the street in the coming weeks.
[15:03] {dptl} mur .75 sh?
01[15:04] {Threei}  not sure
[15:04] {dptl} k
[15:08] {dptl} wlp?
[15:08] {dptl} short?
01[15:09] {Threei}  59 break, yes
[15:10] {dptl} in.98 stop above .10
[15:12] {dino} fio stop
[15:20] {thomcbell} fio looks like that was a long setup 22.10 break with a 22 stop
[15:25] {scottie} FRC l .70 ?
01[15:25] {Threei}  no, overextended
[15:26] {scottie} ok
[15:34] {dptl} out half wlp
01[15:34] {Threei}  :)
[15:34] {scottie} gj dp
[15:34] {dptl} :)
[15:37] {scottie} FRC still overextending :)
01[15:40] {Threei}  they often do
01[15:40] {Threei}  but as valid setups go, this kind will disappoint you stats wise
[15:40] {thomcbell} i am still interested in a fio long due to where the vwap is
[15:40] {scottie} I understand that
[15:40] {thomcbell} but i am there very tiny
01[15:41] {Threei}  also, notice one thing for the future situations like this:
01[15:41] {Threei}  at the moment of the question, it has very brief consolidation
01[15:41] {Threei}  but by the time of a break, it practically doubled
01[15:41] {Threei}  which considerably improved setup
01[15:42] {Threei}  see what I mean?
[15:42] {scottie} You mean the longer the consolidation, the better the chances ?
01[15:42] {Threei}  initial consolidation 15:12 - 15:25
01[15:42] {Threei}  break came at 15:36
01[15:42] {Threei}  yes, to a degree
01[15:43] {Threei}  churning in consolidation range allows to digest resistance
01[15:43] {Threei}  prepares a stock for another break
01[15:43] {Threei}  serves a a step in the ladder
01[15:44] {Threei}  there is such thing as too long consolidation, but that's another topic
[15:44] {scottie} ok
[15:44] {dptl} done with wlp
[15:45] {dptl} i think i am done for today....have a good night, see ya tomorrow all
[15:46] {scottie} dp
01[15:46] {Threei}  take care dp
[15:49] {robbers} dp
01[15:54] {Threei}  grrr
01[15:54] {Threei}  should have shorted FRC
01[15:56] {Threei}  .90 was valid setup
01[15:56] {Threei}  ok guys, thank you all
01[15:56] {Threei}  have a good evening, see you tomorrow
[15:57] {scottie} gn all




Wednesday, January 2, 2013

Jan 2 2013

Huge gap up, not exactly our trading environment. A win here and there, but a few too many rinses and papercuts kept the day in the red. 


Session Time: Tue Jan 01 00:00:00 2013
[17:04] {goryl} Hi Vad, did you get my payment?
01[19:22] {Threei}  hi
01[19:22] {Threei}  I don't know, but if your room access is activated, it obviously went through :)
[20:28] {goryl} thanks Vad, i'll see you tomorrow
Session Time: Wed Jan 02 00:00:00 2013
[09:04] {dino} gm
01[09:04] {Threei}  morning dino
[09:04] {scottie} good morning
[09:04] {goryl} gm all
01[09:05] {Threei}  scottie, goryl :)
01[09:05] {Threei}  goryl, welcome back
[09:05] {goryl} thanks, good to be back
01[09:07] {Threei}  anyone needs details of the bill passed yesterday?
[09:08] {nemo} taxes up spending up
01[09:08] {Threei}  which taxes, how much etc
01[09:09] {Threei}  -(US) On Dec 31st, the US Treasury confirmed that the debt ceiling was technically hit and reiterated that extraordinary measures would be taken to give the US more room to borrow
[09:22] {cipher} gm
01[09:24] {Threei}  cipher :)
[09:24] {dino} i hate these big gap up open days
01[09:24] {Threei}  anyone seen ese?
[09:25] {robbers} nope.
[09:26] {dptl} good morning
01[09:28] {Threei}  dp :)
[09:28] {nemo} we'll open at the premarket highs
[09:29] {ese} happy new year
01[09:29] {Threei}  ese!
01[09:30] {Threei}  let's skip first couple min
[09:33] {dino} tlt taking a hit
[09:34] {dptl} len 40 long?
01[09:34] {Threei} Long Setup:  SLW  .50 break hl
01[09:34] {Threei}  If holds  .40
[09:34] {ese} sorry didn't skip the opening.....bought LINTA just before christmas .58 2400shs just dumped it .35 +.77
[09:34] {nemo} .45
01[09:35] {Threei} Long Setup:  FB  .80 break
01[09:35] {Threei}  If holds  .70
[09:35] {ese} hope the rest of the year goes like this
01[09:36] {Threei}  Invalidated  SLW
[09:37] {dino} gj
01[09:38] {Threei} Short Setup: FCX  35 breeak hl
[09:38] {cipher} plce s .02
01[09:38] {Threei}  If holds  .10
[09:38] {cipher} cov .78 +.24
[09:39] {ese} hair cut for ABT dino
[09:39] {cipher} plce l .87
[09:40] {ese} raised to outperform by BMO
[09:40] {dptl} stopped fcx
01[09:40] {Threei}  no go
[09:40] {ese} hmmmmmm or is that a stock split
01[09:41] {Threei}  FB, change to .75 break
01[09:41] {Threei}  If holds  .65
[09:41] {cipher} out plce .92 +.05
01[09:42] {Threei}  Ari Fleischer ?@AriFleischer
01[09:42] {Threei}  If you're self-employed and live in a high tax state (think NY and CA) your new combined federal/state top rate is about 60%.
[09:43] {cipher} abt l .70
[09:43] {cipher} out .84
01[09:45] {Threei}  rinse FCX
[09:46] {dptl} wlp .40long?
[09:47] {cipher} rost l .42
01[09:47] {Threei}  yes
01[09:47] {Threei}  gap n'stall so far
01[09:48] {Threei}  change FB to .70 break
[09:48] {cipher} out rost .51
01[09:48] {Threei}  WLP 1:1
[09:49] {dptl} out half
01[09:49] {Threei} Long Setup:  SLW  .20 break
01[09:49] {Threei}  If holds  .10
[09:50] {cipher} abt l .85
01[09:50] {Threei}  1:2
[09:50] {ese} L abt .90
01[09:50] {Threei}  couple numbers in 10 min
[09:51] {ese} is it a stock split C
[09:51] {cipher} out abt .95
[09:51] {thomcbell} nem 47 break if holding 46.90
01[09:51] {Threei}  Nov construction spending and Dec ISM
01[09:52] {Threei}  WLP 1:3, get out
[09:52] {thomcbell} 1:1 +
[09:53] {thomcbell} nem
[09:53] {dptl} out .82 wlp
[09:53] {cipher} wlp s .79
[09:53] {scottie} great dp
[09:53] {ese} does anyone know what the deal is with ABT?
[09:53] {dino} gj
01[09:54] {Threei}  Abbott Laboratories Completes Separation of Research-Based Pharmaceuticals Business- Completed the separation of its research-based pharmaceuticals business, which became AbbVie, a new independent biopharmaceutical company. AbbVie will begin trading independently on the New York Stock Exchange today under the symbol "ABBV."
[09:55] {ese} how does that affect the stock sprice of abt vad?
[09:55] {ese} this is a 30 something dollar haircut
01[09:56] {Threei}  looking at chart I can safely answer "negatively"
[09:56] {dino} ibn hl s .53
[09:57] {dptl} swks .60 long?
01[09:57] {Threei}  hl
[09:57] {thomcbell} nem out 47.28
01[09:57] {Threei}  SLW 1:1
[09:58] {cipher} vvus l .16
01[09:59] {Threei}  *(US) NOV CONSTRUCTION SPENDING M/M: -0.3% V 0.6%E
[09:59] {cipher} out vvus .11 -.05
01[09:59] {Threei}  *(US) DEC ISM MANUFACTURING: 50.7 V 50.4E; PRICES PAID: 55.5 V 50.8E
01[10:00] {Threei}  baddish numbers
[10:01] {ese} dino ....thoughts on abt........am L sm 400 but am thinking of increasing that significantly
[10:01] {ese} this doesn't seem like a negative event to me
[10:02] {goryl} FB stop
[10:02] {cipher} DECK L .69
[10:02] {dino} spin off usually takes stock down.
[10:03] {cipher} VVUS L.89
[10:04] {cipher} out deck .51
[10:07] {goryl} vad, slw target?
01[10:07] {Threei}  1:2
[10:08] {cipher} deck l .30
[10:12] {cipher} out .18
01[10:14] {Threei}  trail to .24
[10:18] {dptl} stuck with swks
[10:18] {dino} jbht hl s .63
01[10:18] {Threei}  whole market stuck
01[10:19] {Threei}  gap and stall
[10:19] {nemo} gotta work off the overbought
[10:20] {ese} L abt avg .96
[10:21] {cipher} out vvus .09 +.20
[10:23] {dptl} out flat
[10:23] {dino} getting some wierd spikes
01[10:24] {Threei} Short Setup: FCX  35 break
01[10:24] {Threei}  .c .10
01[10:25] {Threei}  If holds  .10
[10:26] {ese} your using the wrong hair gel dino...............you get weird spikes when you use the cheap stuff
01[10:26] {Threei}  lol
[10:26] {dino} lol
[10:27] {scottie} mar l .40 ?
01[10:27] {Threei}  I think so
01[10:30] {Threei}  OK FCX, time to die
[10:30] {dptl} ye
[10:30] {dino} 07 red
[10:32] {ese} is that from Dustin Hoffman's movie "The Little Big Man".......it's a good day to die
[10:33] {ese} i'm thinking apposite with abt...........it's a good day to short cover
[10:34] {ese} except it's not really short covering here.......down $33 and change and my chart say +.68 cents
[10:34] {dino} go day to die was work on star trek
01[10:35] {Threei}  CBO says fiscal cliff deal adds 4T to deficit over the next decade
[10:35] {ese} L abt avg .99
01[10:35] {Threei}  lol... can you be,lieve that the whole "fiscal cliff" idea was born out of push to cut deficits?
01[10:36] {Threei}  FCX obviously watched Star Trek
[10:36] {nemo} we won't cut spending until the bond market forces us
[10:36] {ese} does seem rather useless for sure
[10:36] {dino} you're right nemo
[10:36] {nemo} or until we lose reserve currency status
[10:36] {nemo} when you have to borrow in another currency, then you have issues
[10:36] {scottie} MAR two sided ?
01[10:37] {Threei}  looks lie
01[10:37] {Threei}  like
01[10:37] {Threei}  yes but bond market has only two ways of forcing: sharp rate raise or refusla to lend at all
01[10:37] {Threei}  both are catastrophic for US in today's state
[10:37] {dino} the rise is coming...
[10:37] {scottie} in .28
[10:38] {ese} morning nemo.......hows life on the east coast our east coast just got a sh**t kicking of a storm.......any of that make it to you
[10:38] {dptl} can we trail stop to .05 fcx?
01[10:39] {Threei}  .06
01[10:39] {Threei}  the only sensible way out of this is easing out by gradual spending cut and tax cut for small businesses - and both of these measures are against the ideological position of current administration
[10:39] {dptl} ok
[10:40] {dino} ese, we got about 16" of snow last week
01[10:40] {Threei}  (GR) Greece Fin Min Stournaras: Greece will meet its 2013 budget targets
[10:40] {dino} lol, heard that before
01[10:41] {Threei}  and the only target Greece has is to hav a budget at all - which iis more than can be said for US
01[10:42] {Threei}  Canadians say paying down debt their main focus in 2013: CIBC poll
01[10:42] {Threei}  they may say so only they won't
[10:43] {ese} this year seems like more than avg for you guys on the east coast
[10:44] {dino} yes
[10:47] {dino} cover jbht .40, +.23
[10:47] {scottie} half out mar
[10:47] {dptl} out half fcx
[10:47] {scottie} same
[10:48] {goryl} no fill yet
01[10:48] {Threei}  here it is
[10:48] {dptl} i took .91
[10:48] {goryl} target Vad?
01[10:48] {Threei}  closer to 1:2, maybe not exactly
01[10:49] {Threei}  I'd take something like .82 - .83
01[10:49] {Threei}  remember, these huge gap up days are very tough for day traders
01[10:49] {Threei}  may want to relax rules a little
01[10:50] {Threei}  on profit-taking side, not on a stop side, lol
[10:50] {dino} ibn cover .49, +.04, bad entry
[10:51] {dino} brb
[10:52] {dptl} stop to .96 for me fcx
[10:55] {scottie} out mar in full +.14
[10:55] {dptl} out fcx
[10:58] {ese} abt.....nice
[11:02] {scottie} out fcx, went to 1:1 tks Vad
[11:03] {dptl} btu .20sh?
01[11:03] {Threei}  yw
01[11:04] {Threei}  I think so BTU
[11:07] {ese} out abt .35 +.36 with 1400 of the little blighters
[11:09] {dino} gj
[11:10] {robbers} nice ese.
[11:10] {ese} tks
[11:14] {dptl} out half btu
[11:14] {dptl} .11
01[11:14] {Threei}  nice one
[11:14] {dptl} ty
[11:14] {scottie} KSS s 42 ?
01[11:15] {Threei}  yes
[11:20] {dino} ibn hl s .60
[11:24] {scottie} MDLZ l .65 ?
01[11:24] {Threei}  not sure
[11:24] {scottie} ok
01[11:24] {Threei}  something is not very right about it
[11:25] {dptl} stop to .15 btu for mee..didt get fill at 1:2 yet
[11:35] {dino} things have died down
01[11:35] {Threei}  some would argue they were stillborn today :)
01[11:36] {Threei}  however we had similar situation on Mon and ended the day woth a few wins in row putting it nicely in black... so I am waiting
[11:38] {dptl} out btu .02
[11:40] {scottie} gj dp
01[11:42] {Threei}  - While the tax component of the fiscal cliff has been resolved, the spending component still requires work. The compromise bill delayed the so-called "sequester" for two months while Congress works on a plan replace them. This means that Congress will be reckoning with the debt ceiling at the same time it decides on new spending cuts. President Obama has said Congress must raise the debt ceiling without concessions or debate, while the GOP have repeatedly threatened to extract more cuts in any debt ceiling vote.
01[11:42] {Threei}  of course he did
[11:44] {dptl} ty
[11:45] {dino} gva drop
[11:45] {dino} and bounce
[11:46] {dptl} lvs?
01[11:47] {Threei}  nothing compelling there
[11:47] {dptl} ok
[11:55] {dptl} is kss stil valid? 42 short?
01[12:00] {Threei}  not sure... SPY is dropping, but KSS is holding quite far from trigger
[12:00] {dptl} ye... true
[12:15] {dino} ibn bstop to .50, things stuck
01[12:18] {Threei}  see how KSS wrked on the opposite side?
[12:19] {dino} cov +.10 ibn
[12:38] {dptl} anf .65 long?
01[12:39] {Threei}  I'd rather take aggressive
01[12:39] {Threei}  .60
01[12:39] {Threei}  hl
01[12:39] {Threei}  if holds .50
[12:39] {dptl} ok
[12:44] {dptl} nope...stopped
[12:47] {dptl} wlt .80 short?
01[12:48] {Threei}  hl
01[12:48] {Threei}  see the spread?
[12:48] {dptl} yep
[12:51] {dptl} didt get it
[12:53] {dptl} anf :) rinsed
[12:54] {ese} you guys are working with the wrong spread...........needs to be the dino spread.......minimum .75 cents......
[12:54] {dino} lol
01[12:56] {Threei} Long Setup:  LVS  49 break
01[12:56] {Threei}  If holds  .90
01[13:10] {Threei}  give us couple more cents, LVS
[13:10] {dptl} ye
01[13:13] {Threei}  oh come on, 2 cents to 1:1?
[13:16] {scottie} SWN s .50 ?
[13:17] {dptl} stopped
[13:17] {dptl} -.15
01[13:18] {Threei}  chart is right, SWN... whther it works, can't tell - market is locked, breaks tend to snap back in the range
[13:19] {dptl} pay .55 short?
01[13:21] {Threei}  just take it right here if selling hits
[13:26] {dino} the markets are frozen
[13:26] {ese} gotta go all cya tomorrow.............have a radio interview to do on CFAX 1070 here in Victoria about my R&B program.....
01[13:27] {Threei}  take care ese
[13:27] {ese} cya vad
[13:48] {dptl} stoped pay
01[13:49] {Threei}  why do you push so hard? you take 3-4 plays for each call I make
01[13:49] {Threei}  "market is locked, breaks tend to snap back in the range"
01[13:49] {Threei}  wait for this stall to resolve
[14:01] {dino} this dji range is about 6 points, unbelievable
01[14:02] {Threei}  frequent occurrence after such a large gap
[14:18] {nemo} yeah, your just algo bait if you're trading
[14:20] {dino} urbn spike
[14:20] {dino} hl s .77
01[14:30] {Threei}  I need to reboot guys, wait for me pls (as in, do not run market down 300 pts in the next 3 min)
Session Close: Wed Jan 02 14:30:38 2013

Session Start: Wed Jan 02 14:30:38 2013
Session Ident: #discussions
02[14:30] * Disconnected
Session Close: Wed Jan 02 14:30:38 2013

Session Start: Wed Jan 02 14:36:47 2013
Session Ident: #discussions
03[14:36] * Now talking in #discussions
01[14:37] {Threei}  me is back
[14:38] {dptl} clf .95 short?
01[14:38] {Threei}  if SPY helps
[14:40] {dptl} in .93
01[14:43] {Threei}  (US) Moody's comments on fiscal actions; expecting more fiscal action beyond recent deal- Notes that more measures will be necessary beyond recent fiscal cliff vote in order for the US to return to AAA rating. Package does not fix Govt statutory debt limit and does not show meaningful improvement in debt ratios over the medium term - Expecting debt limit to be eventually raised - Reminder: On Dec 26th Moody's stated that it was highly likely that US will eventually act to raise the debt limit; direction of US bond ratings most likely to be determined by the outcome of budget negotiations
[14:43] {nemo} nevermind state debt levels when they come begging
01[14:44] {Threei}  CKF works
01[14:44] {Threei}  CLF
01[14:50] {Threei}  you covering dp?
[14:50] {dptl} ye
[14:50] {scottie} great dp
[14:51] {dptl} waiting for secong part
[14:52] {dptl} .74 out 1/3
[14:54] {dino} qcor drop
[14:54] {dptl} out some more .62
01[14:55] {Threei}  oh boy... look who opened their mouth:
01[14:55] {Threei}  (US) IMF: US must remove uncertainty surrounding the sequester, debt ceiling needs to be increased without delay- More remains to be done in order to fix US finances.
[14:59] {dptl} done with clf
01[15:00] {Threei}  good one
[15:00] {robbers} wtg, dp.
[15:00] {dptl} ty
01[15:01] {Threei}  [QCOR] Hearing recent weakness attributed to circulation of medical bulletin requiring additional approvals before use of Acthar
[15:01] {dino} ty
[15:03] {dptl} anf.25 short?
[15:03] {dptl} late
01[15:10] {Threei} Long Setup:  FCX  .10 BREAK
01[15:10] {Threei}  If holds  35
[15:11] {nemo} stop yelling
[15:18] {dptl} come on...move fcx
01[15:18] {Threei}  if SPY does what I suspect it's about to, FCX should move to about .35 - .40
[15:20] {scottie} apl l .70 ?
01[15:21] {Threei}  not sure...
01[15:21] {Threei}  a bit overextended
[15:26] {dptl} stop is still under 35?
01[15:26] {Threei}  I'd move it to o.04 after breaking .15
[15:27] {dptl} ok
[15:31] {scottie} tks APL Vad :)
01[15:33] {Threei}  lol
01[15:36] {Threei}  let's tighten it to .04
01[15:36] {Threei}  takes way too long
01[15:37] {Threei}  should have been around .25 by now
[15:37] {scottie} wy l 29 ?
[15:37] {nemo} dino, Ray Lewis retiring
01[15:37] {Threei}  yup
[15:37] {dino} yeah, saw that this morning. was a great player
[15:38] {nemo} mileage caught up with him
[15:38] {dino} i need sanchez to retire
[15:38] {nemo} I was going to say that
[15:38] {dino} 2 more turnovers last sunday. the guy sucks
[15:39] {nemo} damaged goods
[15:43] {dptl} out
[15:43] {dptl} fcx
01[15:43] {Threei}  held by fingertips
01[15:43] {Threei}  but is not likely to work
01[15:44] {Threei}  SPY did what I thought it would
01[15:44] {Threei}  FCX sat it out
[15:44] {scottie} was monitoring fcx, didn't take wy
01[15:48] {Threei}  sigh
01[15:48] {Threei}  hate this huge gap up days
01[15:50] {Threei}  OK guys, not our day really
01[15:50] {Threei}  let's turn the page on it
01[15:51] {Threei}  have a good evening, see you tomorrow
[15:51] {nemo} On a long and lonesome highway, east of Omaha...
[15:51] {scottie} gn all
[15:51] {robbers} Cya, Vad.
[15:51] {robbers} et. al.
[15:52] {dptl} gn
[15:54] {dptl} i cant beleive that fcx
[15:55] {dptl} went after all
01[15:55] {Threei}  well, it was for us not to tighten stop
[15:55] {dino} we are up 4% on dji since mondays low
01[15:56] {Threei}  280 pt DJI
01[15:56] {Threei}  3.34 SPY
[15:56] {nemo} no reason for the market not to continue up until earning season shows it's hand
01[15:57] {Threei}  unless they start wrangling about debt ceiling tomorrow
01[15:57] {Threei}  1:1 FCX
[15:57] {nemo} little pullback, but nothing more, Republicans are dead
[15:57] {dino} i'm leaning the other way nemo, m4% in basically a day and half is getting extreme imo
[15:57] {dino} stop urbn -.15
[15:58] {nemo} yeah, you'll get a retrace, but general trend will remain upward into earnings
[15:58] {dino} those gaps have a tendency to fill
[15:58] {dino} may take some time, but...
01[15:59] {Threei}  look at this
[16:00] {dino} gn all