Jan 11 2013

Another day of see-saw action, ending on slightly negative note. Overall, not an easy trading week, with great days, so-so days and a lot of rinses.  


 [09:05] {dino} gm
01[09:06] {Threei}  dino :)
[09:07] {cipher} gm
01[09:07] {Threei}  cipher :)
[09:07] {_jdetente} gm
01[09:07] {Threei}  jd :)
01[09:07] {Threei}  HLF got downgraded
[09:07] {cipher} I never liked HLF concept
[09:07] {cipher} looks like a pyramid
01[09:08] {Threei}  total yikes
01[09:08] {Threei}  it is a pyramid-schemed multilevel marketing
[09:08] {cipher} if I will trade it it will be from the short side only
[09:13] {scottie} good morning
01[09:13] {Threei}  scottie :)
[09:22] {goryl} gm
01[09:22] {Threei}  goryl :)
01[09:30] {Threei} Short Setup: WFC  .75 break hl
01[09:30] {Threei}  If holds  .85
[09:30] {goryl} no short list
[09:31] {nemo} buy the dips
01[09:32] {Threei} Long Setup:  HPQ  .60 break
01[09:33] {Threei}  If holds  .50
01[09:33] {Threei}  no go
01[09:35] {Threei} Long Setup:  SLW  .40 break
01[09:36] {Threei}  If holds  .30
[09:36] {dino} clf?
01[09:37] {Threei}  wtf
[09:37] {nemo} wow already extreme at whole
01[09:37] {Threei}  don't see any news CLF
[09:37] {cipher} WFM L .00
[09:37] {thomcbell} wow bhp too down decent
[09:38] {nemo} maybe with all the executive order talk clf figures they might beout of business
[09:39] {dino} clf hl l .75
01[09:39] {Threei} Long Setup:  JCP  .10 break
01[09:40] {Threei}  If holds  18
[09:40] {cipher} out wfm .21 +.21
[09:40] {dino} out clf .10, +.35
01[09:45] {Threei} Long Setup:  FB  .25 break
01[09:45] {Threei}  If holds  .15
01[09:47] {Threei}  SPY loses ground
[09:48] {nemo} look for bounce by .72
01[09:49] {Threei}  FB is holding the line so far
01[09:49] {Threei}  aimi for 1:2
[09:51] {dptl} gm
01[09:52] {Threei}  dp :)
01[09:52] {Threei}  1:1
[09:52] {scottie} +.10 tks Vad
01[09:52] {Threei}  yw
[09:52] {cipher} +.15 fb thx
01[09:52] {Threei}  1:2, out
[09:53] {cc_8} Among the companies with shares expected to actively trade in Friday’s session are Best Buy Co. BBY +9.83% (BBY) ArQule Inc. ARQL -15.21% (ARQL) and Dendreon Corp. DNDN +13.31% (DNDN).
[09:53] {nemo} infy]
[09:53] {cc_8} Overnight action: SAC braces for big exodus of funds; Flood of deposits bedevils banks; Delhi rape suspects’ details emerge.
[09:54] {_jdetente} FB nice trade. thanks
01[09:54] {Threei}  yw
01[09:54] {Threei}  underestimated a bit but this is scary loosing SPY
[09:54] {cipher} celg l .70
01[09:54] {Threei}  looking
[09:54] {dino} fio
[09:55] {cc_8} The Russell 2000 index of small-capitalization stocks finished at another all-time high on Thursday. The record exemplifies how smaller companies that benefit from an improving U.S. economy continue to rally, and outpace their larger brethren.
[09:55] {dptl} rht .20 short?
[09:55] {cipher} out celg .80 +.10
01[09:56] {Threei}  with this spread, I just don't want to touch it
[09:56] {thomcbell} dndn looks like a long here
[09:56] {thomcbell} 5.93 break if holding 5.83
[09:57] {cipher} ibb l .15
01[09:57] {Threei} Long Setup:  JCP  18 break
01[09:57] {Threei}  If holds  .90
[09:59] {cipher} cstr l .77
[09:59] {thomcbell} lvs looking for a double bottom setup here
01[09:59] {Threei}  (US) Fed's Plosser: US must handle its fiscal issues, benefits of QE do not exceed the costs - Q&A- Reiterates the biggest risks associated with QE is the exit strategy; would be in support of halting the bond buying program - Rapid increase in long-term rates would pose balance sheet problems for the Fed.
01[10:00] {Threei}  1:1
01[10:00] {Threei}  what exit strategy? they have one?
[10:01] {nemo} fcx
01[10:01] {Threei}  I've got perfect exit strategy suggestion for the fed... exit this country and never come back
[10:02] {dino} clf hl l .04 ave
[10:05] {scottie} +.10 JCP, tks Vad
01[10:05] {Threei}  :)
01[10:05] {Threei}  1:2, out
01[10:06] {Threei}  1:3
01[10:06] {Threei}  crying
01[10:06] {Threei}  second underestimated one
[10:06] {cipher} out ibb .00 -.15
[10:06] {_jdetente} FB took a rocket ride
[10:06] {cipher} ibb s .99
01[10:06] {Threei}  must... not... watch... it...
[10:07] {dptl} out jcp ty
01[10:07] {Threei}  yw
01[10:07] {Threei}  global warming in action: http://goo.gl/JTXVz
01[10:08] {Threei}  what's with these bouts of selling
[10:08] {dino} dk, been happening all week
[10:09] {thomcbell} wow splk
01[10:09] {Threei}  can it be that, if we are looking under the hood, we are no longer in a bull market?
[10:11] {cipher} out cstr .99 +.22
01[10:11] {Threei} Long Setup:  JPM  .60 break
01[10:12] {Threei}  If holds  .50
[10:12] {cipher} cov ibb .90 +.09
[10:13] {dino} i think we are in bull until we are not 3i.
01[10:13] {Threei}  no shit sherlock
[10:13] {nemo} State of the Union Address
01[10:13] {Threei} Short Setup: FB  .80
01[10:13] {Threei}  If holds  .90
[10:14] {dino} good point nemo, he'll bring us down
01[10:14] {Threei}  it could be that market is sensing bloodbath coming with debt ceiling debate
[10:15] {dino} whatever happens happens. will not affect me. just react
01[10:15] {Threei}  let's do a double top here, FB
01[10:16] {Threei}  grrr
01[10:16] {Threei}  stopped
[10:16] {nemo} FB going to 33.50
[10:17] {cipher} petm l .99
[10:18] {scottie} jpm valid ?
01[10:18] {Threei}  yes
[10:18] {cipher} out petm .10 +.11
[10:21] {cipher} esrx l .20
01[10:22] {Threei}  did JPM trigger? looked away for a sec
[10:28] {cipher} adbe l .95
[10:29] {dptl} swk .08 short?
[10:30] {cipher} out adbe .05 +.10
01[10:30] {Threei}  don't know, way too low volumre
[10:31] {_jdetente} are you in JPM?
01[10:31] {Threei}  yes
01[10:31] {Threei}  market should reverse here
[10:33] {_jdetente} ugh stopped
01[10:33] {Threei}  no go
01[10:33] {Threei}  not delighted
01[10:33] {Threei}  back and forth morning
01[10:33] {Threei}  frikin FB rinsed
[10:37] {_jdetente} discipline :(
[10:37] {_jdetente} :)
[10:38] {dptl} stx .15 long?
01[10:38] {Threei}  yeah
[10:39] {goryl} u taking it vad?
01[10:39] {Threei}  nah, a bit lukewarm
01[10:40] {Threei}  JPM another rinse
01[10:40] {Threei}  don't you hate that discipline, lol
[10:40] {dino} yeah, but the one you don't keep disciplined will get you bad
01[10:41] {Threei}  of course
01[10:41] {Threei}  look at it
01[10:41] {Threei}  setup was ideal, everything in place
[10:44] {cc_8} Shakeout Before a Breakout? That major averages were able to hold on to last week's gains was a pretty good indication that a test of the market's September highs wasn't far off.
[10:44] {dino} nemo. odds of clf hitting s3?
[10:46] {dino} 07 red
01[10:47] {Threei} Long Setup:  JCP  .30 break
01[10:47] {Threei}  If holds  .20
[10:48] {nemo} hold on DIno
[10:52] {dino} disconnect. markets going up but banks app lod
[10:52] {nemo} Dino, I expect it to test these lows again...red headed Obama stepchild, end of big upweek S4 36.16 you hit that less than 10% of time. 35.80 is 38.2 retrace....SPY not showing much strength either
01[10:52] {Threei}  let's make it two-sided
[10:53] {goryl} 20 break short?
01[10:53] {Threei}  right
[10:53] {dino} thx buddy
[10:53] {nemo} this is vwap on clf probably gonna' get shake and bake until it breaks a range
01[10:53] {Threei}  red headed Obama stepchild? lol
[10:53] {nemo} coal industry
01[10:53] {Threei}  trekkers would call it a redshirt
[10:54] {thomcbell} darn lvs
[10:55] {dino} you see the trekkers on "big bang" last night?
[10:55] {_jdetente} feels like JCP may hold here
01[10:56] {Threei}  so far holding downtrend on 1 min
01[10:57] {Threei}  not watching that one dino...
01[10:57] {Threei}  can squeeze just so much crap in life, and current adnministration with fed takes disproportionally big share :)
[10:57] {dino} lol, you worry too much
01[10:58] {Threei}  not really
01[10:58] {Threei}  I resigned to the fact that we are screwed
01[10:59] {Threei}  just trying to find a way to derfive a pleasure from that
06[11:00] * Threei hits JCP over the head with 2x4
[11:02] {goryl} tibx .8 short?
01[11:03] {Threei}  smaller shares
01[11:03] {Threei}  can be jumpy
01[11:04] {Threei}  let's tighten JCP to .26
[11:06] {dino} out clf .28, +.24
01[11:06] {Threei}  wtg
01[11:07] {Threei}  lose that .15 already, JCP
01[11:08] {Threei}  ok, who is Strader455
01[11:08] {Threei}  1:1 baby
[11:12] {dino} faro
[11:15] {dptl} got to leave early ...have a good weekend all
[11:15] {scottie} dp
[11:16] {cipher} sohu s .50
[11:17] {thomcbell} short setup rimm 12.04 break if holding 12.14
[11:18] {cipher} cov SOHU .24 +.26
[11:19] {cipher} sohu l .21
[11:21] {cipher} out .49 +.28
01[11:21] {Threei}  like a flute
[11:21] {dino} faro sm l .72
[11:21] {dino} cya dp
[11:21] {cipher} done for the week
[11:21] {dino} cya cipher
[11:21] {cipher} cya monday
01[11:22] {Threei}  have a good weekend
[11:22] {cipher} thx you too
[11:25] {thomcbell} rimm invalidated
[11:25] {dino} nemo, good read on clf
01[11:29] {Threei}  out JCP in full
01[11:29] {Threei}  day is slightly positive but I don't feel satisfied with it
01[11:40] {Threei}  JCP had more in it
01[11:40] {Threei}  exiting too soon seems to be my curse for today
01[11:40] {Threei}  third trade
[11:47] {nemo} clf might be worth a try around 35.80
[11:47] {nemo} throw a stink bid and be ready to close it out
[11:48] {nemo} 50 day is down at 34.20
[11:48] {nemo} wich is the 50% retrace of this run
[11:48] {nemo} of course, the whole here is an option too
[11:49] {nemo} only problem, at lunch vwap could stop it
[12:04] {cc_8} Twitter Trading Platform Set to Launch
[12:04] {cc_8}  “Today, social media creates a vast amount of information and it has been proven that the sentiment derived from it can predict stock market movements. For the very first time, we are connecting this information source to the trading community, opening up the universe of social media data so traders can make more informed buying and selling decisions.”
01[12:04] {Threei}  lol
01[12:04] {Threei}  good luck
[12:04] {nemo} GIGO
[12:08] {dino} aap spike
[12:18] {nemo} mnst could be a nice short here
[12:20] {dino} f'ng aap wanted .40 short, missed it by .04, and it fell almost a buck
01[12:32] {Threei}  STT
[12:32] {thomcbell} rimm unreal today
01[12:32] {Threei}  let's see if we can get long near .40
[12:32] {nemo} has vwap support at .37
[12:32] {goryl} u mean .50 Vad?
[12:33] {nemo} no, that would be playing whack-a-mole...you can be point man, it will be fun watching you get shot
[12:33] {goryl} ok:)
[12:34] {nemo} mnst if it stays below .55 should go to .16ish
[12:34] {nemo} pick your entry, I shorted at .58
[12:36] {thomcbell} vad rimm 12.86 break if holding 12.96?
[12:36] {nemo} .90 break
01[12:37] {Threei}  I like the idea
[12:37] {nemo} might be going for the gap though
01[12:37] {Threei}  ugh STT
[12:37] {nemo} rimm does crazy shit like that
01[12:37] {Threei}  look at the point of bounce
[12:37] {thomcbell} it is so strong it is acting like it wants the gap fill
01[12:37] {Threei}  exactly from .40, but no chance to enter
[12:37] {nemo} and goryl would have been shot at .50
[12:38] {thomcbell} invalidated
[12:38] {nemo} yeah, rimmm does crazy shit
01[12:38] {Threei}  DK...
01[12:38] {Threei}  too thin
01[12:39] {Threei}  29 break short looks tempting but untradebale stock
01[12:42] {Threei}  watch CAT
01[12:43] {Threei}  if pulls back under 95, recross is long
01[12:57] {Threei} Short Setup: STT  .50 break
01[12:57] {Threei}  If holds  .55
[13:04] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
01[13:06] {Threei}  zzzzzzz, but something tells me we are going to see nice selling into eod
[13:06] {scottie} CAT ?
01[13:06] {Threei}  I of course tell this something to shut up
01[13:06] {Threei}  watching it scottie
01[13:07] {Threei} Long Setup:  CAT  95 break
01[13:07] {Threei}  If holds  .95
[13:23] {scottie} out
01[13:23] {Threei}  sigh
01[13:23] {Threei}  almost as if you better take 5 cent scalps
01[13:24] {Threei}  both would have worked for that but I really hnate this unless I trade 5K shares and more
01[13:27] {Threei} Short Setup: JCP  .20 break
01[13:27] {Threei}  If holds  .30
[13:32] {thomcbell} these are still low volume downmoves on rimm on 5 min chart
01[13:32] {Threei}  market suddenly strengthened
01[13:32] {Threei}  let's trail JCP to .26
01[13:34] {Threei}  oh good CAT, thanks for that
[13:36] {_jdetente} JCP...lame
01[13:37] {Threei}  second that
01[13:37] {Threei}  not liking this whole week actually
01[13:37] {Threei}  even though some days were fine, overall too random
[13:37] {thomcbell} my worst week in many months
[13:39] {dino} sh*t happens tbell. i struggled this week too. clean them out and start over monday
[13:41] {dino} i found i was too chicken on my entries on spikes/capits. left a lot of great opportunities on the table
[13:58] {thomcbell} yes
01[14:11] {Threei} Long Setup:  LVS  .50 break
01[14:11] {Threei}  ugh, late
01[14:11] {Threei}  wait for pullback
01[14:15] {Threei}  in
01[14:15] {Threei}  it's in fact an aggressive entry for .60 break
01[14:17] {Threei}  with 1:3 target
01[14:17] {Threei}  intended as a day fixer
01[14:17] {Threei}  and if it doesn't work, I'll cut my wrist with banana
[14:18] {nemo} wuss
01[14:18] {Threei}  OK... I'll cut nemo's wrist with banana
[14:18] {nemo} nice appeal to my ego
[14:18] {nemo} scares you I know you so well doesn't it?
01[14:19] {Threei}  rather encourages
01[14:19] {Threei}  means I have ways to improve
01[14:20] {Threei}  I mean, one needs even more formidable skills to cut wrists with persimmon
[14:20] {nemo} try it with a snail
[14:21] {nemo} this is like summer...don't bother trading on Monday's or Fridays
01[14:21] {Threei}  actually Monday was the best day of this week if I remember correctly
[14:22] {nemo} just shut up and go with it will ya'?
[14:26] {dino} lol
[14:34] {scottie} stop .44 ?
01[14:41] {Threei}  I think so
[14:48] {nemo} rimm is amazing today
[14:52] {dino} out mg +.02
01[14:53] {Threei}  1:1
01[14:53] {Threei}  no banana for nemo's wrist
[14:53] {dino} gotta hop early. r.e. closing. take care call
01[14:54] {Threei}  have a good weekend dino
[14:54] {dino} u2 buddies
[14:54] {scottie} dino
[15:02] {scottie} out .54, went to .60 tks Vad
01[15:02] {Threei}  yw... really had much more potential, this SPY dump kept it back
01[15:03] {Threei}  nice to plug some of the hole but hoped to fix the whole thingb
[15:20] {_jdetente} JCP pulled back about .40 after that big bounce
[15:22] {thomcbell} good weekend all
[15:22] {scottie} tbell
01[15:25] {Threei}  should be a long somehwre about here, watching
01[15:36] {Threei}  let's let it lose .20
01[15:36] {Threei}  and look for entry after that
01[15:40] {Threei} Long Setup:  JCP  .20 break
01[15:40] {Threei}  If holds  .15
01[15:54] {Threei}  (US) Senate Democrats in letter to President Obama ask him to consider any and all lawful actions to ensure the US does not default in the event Congress fails to raise the debt ceiling on time- Urges the President to take any legal action prevent US from defaulting and causing a global crisis, without Congressional approval if necessary. **Reminder: 1/9 the White housed reiterated President Obama has no intention of using the 14th amendment to increase the debt limit. White House has "no Plan B, no backup plan, no off-ramp" to circumvent Congress and raise the debt limit unilaterally. - On 01/07, 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
01[15:54] {Threei}  come on JCP, time's running out
01[15:57] {Threei}  Ok guys, JCP is saved by the bell
01[15:58] {Threei}  questionable week... too much seesawing
01[15:58] {Threei}  have a great weekend, we will get them next week
[15:59] {_jdetente} have a good one everyone
[15:59] {scottie} see you monday

Jan 10 2013

Much better day with active morning and nicely working trades. Couple stops in the afternoon as action almost disappeared.


Session Time: Thu Jan 10 00:00:00 2013
[09:07] {goryl} gm
01[09:07] {Threei}  morning goryl
[09:10] {scottie} good morning
01[09:11] {Threei}  scottie :)
[09:14] {dino} gm
01[09:15] {Threei}  dino :)
[09:18] {cipher} gm
01[09:19] {Threei}  cipher :)
01[09:19] {Threei}  HLF sharp dive
[09:20] {dino} govt investigation, hlf
01[09:22] {Threei}  that was yesterday... gapped up today on rumors of Icann building a stake
[09:22] {dptl} good morning
01[09:22] {Threei}  dp :)
01[09:30] {Threei}  doesn't look like there is anything in the way of upward market
01[09:31] {Threei} Long Setup:  STT  50 break hl
01[09:32] {Threei}  if loses .90, will look for pullback entry
[09:33] {cipher} iaci l .23
01[09:34] {Threei}  HLF has investor's meeting today
[09:34] {cipher} out iaci .39 +.16
01[09:35] {Threei}  got .02 and .03 STT
01[09:35] {Threei}  stop under .90, target 1:3
[09:37] {cipher} penn l .03
01[09:38] {Threei} Long Setup:  AIG  .90 break
01[09:38] {Threei}  If holds  .80
[09:39] {cipher} out penn .17+.14
[09:40] {cipher} fast l .34
[09:41] {nemo} indexes dropping
[09:41] {cipher} out fast .43
01[09:42] {Threei}  no go AIG
01[09:44] {Threei} Long Setup:  CAT  .55 break hl
01[09:45] {Threei}  If holds  .45
[09:48] {dino} 07 red
01[09:49] {Threei}  CAT 1:1
[09:49] {cipher} SRPT L .56
[09:52] {cipher} BIDU L .30
[09:53] {cipher} out bidu .50
[09:54] {cipher} out srpt .78 +.22
01[09:54] {Threei}  wtg
[09:54] {cipher} ty
[09:55] {dino} gj cipher
01[09:55] {Threei}  right direction of the trades, and they carry you to the profit
01[09:55] {Threei}  IMO, pullback are to be bought
01[09:55] {Threei}  and upward salmons
01[09:56] {Threei}  STT worms its way up to 1:1
[09:56] {cipher} CAVM L.48
[09:57] {cipher} cavm stop .-08
01[09:57] {Threei}  salmon at its best so far
01[09:59] {Threei}  1:2
01[09:59] {Threei}  CAT 1:2
01[10:00] {Threei}  out CAT in full, last piece of STT for 1:3
01[10:00] {Threei}  *(US) NOV WHOLESALE INVENTORIES: 0.6% V 0.2%E
[10:00] {cipher} CAVM L .50
[10:01] {cipher} out .74
[10:01] {cipher} FEIC L .15
01[10:01] {Threei}  anyone is taking these? CAT, STT?
[10:02] {dptl} stt ty
[10:02] {goryl} took both Vad, ty
01[10:02] {Threei}  cool :)
[10:02] {_jdetente} yes ty
01[10:02] {Threei}  :)
01[10:02] {Threei}  btw dp... whatever you, do not read the log of yesterday, after you left
[10:03] {dptl} i did alredy :)
01[10:03] {Threei}  OK, then don't tell nemo that it hurt - he will derive too much pleasure from it
[10:04] {cipher} srpt l .20
01[10:04] {Threei}  look at HLF
[10:04] {cipher} out srpt .32
01[10:05] {Threei}  too volatile for my taste, otherwise would have been perfect for pullback entry as I preached
[10:05] {cipher} out feic .37 +.22
01[10:05] {Threei}  but dino and cipher might want to keep an eye on it
[10:06] {cipher} stt +.15 thx vad
01[10:06] {Threei}  welcome
01[10:07] {Threei}  oh god... HLF exec: "it's about a shake, a tea, and aloe AND A HUG"
01[10:08] {Threei}  shoot me
[10:09] {cipher} mcrs s .17
[10:11] {dptl} met .50 long?
01[10:11] {Threei} Short Setup: GDX  .30 break
01[10:11] {Threei}  MET, too narrow
[10:13] {dino} caci hl l .80
[10:13] {cipher} expe s .95
01[10:13] {Threei}  Invalidated
[10:14] {dptl} clf long?
[10:15] {cipher} cov expe .85 +.10
[10:15] {cipher} cov mcrs .11 +.06
01[10:15] {Threei}  no, let's wait a bit
01[10:15] {Threei}  this pullback is somewhat out of today's character for SPY
[10:16] {cipher} expe l .72
01[10:16] {Threei}  not sure "buy pullback" mantra is still intact
[10:16] {nemo} yeah, gaps galore
[10:16] {cipher} stopped expe -.03
[10:16] {nemo} I wonder if she's related to that Bond chick...;-)
01[10:17] {Threei}  oh boy... took me a few, lol
[10:17] {nemo} too much vodka Vad?
01[10:17] {Threei}  no... actually too little to follow all the twists of your pervert mind :)
[10:17] {cipher} expe rinse damn
01[10:17] {Threei}  perverse
[10:18] {nemo} pot calling kettle black?
01[10:19] {Threei}  GDX
01[10:19] {Threei}  setup is back
01[10:19] {Threei}  same, .30 break short
[10:19] {dino} abg hl l .95
[10:19] {cipher} amgn l .62
01[10:20] {Threei}  invalidated again
[10:20] {nemo} cipher this is S3 and the 200 day on amgn, careful
[10:20] {nemo} oh long, cool
[10:20] {nemo} sorry
01[10:21] {Threei}  GDX is like my relationship with clothing... on again, off again
[10:21] {nemo} 50 day sorry
[10:21] {nemo} sheesh
[10:21] {nemo} who's drinking too much vodka
[10:21] {nemo} ?
[10:21] {cipher} out amgn .70 +.08
06[10:21] * nemo {{{===
[10:22] {cipher} thx for the heads up nemo :)
[10:22] {cipher} it was only a scalp
[10:22] {cipher} no long term commitments here
[10:22] {nemo} yeah, dump the bitch
[10:23] {cipher} that's right
[10:23] {nemo} but I'm looking for 90ish
[10:23] {nemo} .90ish
[10:23] {nemo} remember, if it weren't for THEM we'd still be in The Garden of Eden
[10:23] {cipher} that is 43.90 right?
[10:24] {dino} caci stop -.30
[10:24] {nemo} amgn, 87.90 ish
[10:24] {cipher} ic
01[10:24] {Threei}  still have last piece of STT
01[10:24] {Threei}  for .30
[10:24] {dptl} mee too
[10:25] {goryl} ran out of ammo at 20
01[10:25] {Threei}  I actually sais it to remind myself about it, lol
[10:25] {nemo} partialing amgn here
[10:25] {nemo} ty cipher
[10:25] {cipher} np :)
01[10:25] {Threei}  that's fine goryl, really takes longer than I expected, so taking 1:2 might not be a bad idea
[10:25] {nemo} looking for pull back near .90, little bit of conslidation and thne on a bit more
[10:26] {cipher} amgn s .90
[10:26] {nemo} wow
[10:30] {cipher} cov..65 +.25
[10:30] {dptl} ? what is going on?
01[10:30] {Threei}  no news yet
[10:30] {nemo} broke range
[10:30] {dino} mkt drop
[10:30] {nemo} big gap up
[10:30] {cipher} glad I was short something
01[10:31] {Threei}  good think I backed off from buying pullbacks
[10:31] {cipher} and not otherwise
[10:31] {nemo} big boy volume on spy
[10:31] {cipher} classic gap and trap
01[10:31] {Threei}  that was one serious rug pull
[10:31] {nemo} yep
[10:31] {cipher} big boys at work
[10:31] {nemo} bids, what bids?
01[10:31] {Threei}  and still no news
[10:31] {nemo} look that two minute spy volume
[10:31] {nemo} BOHICA
[10:31] {cipher} someone knows something
01[10:32] {Threei}  look at STT salmon
[10:32] {nemo} yeah, watch how GS trades
01[10:32] {Threei}  OK, GDX
01[10:32] {Threei}  valid again
01[10:32] {Threei}  bit this is last time
01[10:32] {Threei}  to remind,
[10:32] {cipher} did GS go down before the SPY?
01[10:32] {Threei} Short Setup: GDX  .30 break
01[10:33] {Threei}  no
01[10:33] {Threei}  same time
[10:33] {cipher} ok
01[10:33] {Threei}  10:31 drop for both
[10:33] {nemo} GS tends to be a canary in the Coal Mine, watch how it trades during the day
[10:34] {cipher} gotcha
[10:34] {nemo} Of course, I could be full of shit
[10:34] {dino} lol
[10:34] {cc_8} MARKET SNAP: At 6:00 a.m. ET, S&P 500 futures up 0.3%. Treasury yields rise. Nymex crude up $1.56 at $94.66; gold 0.2% higher at $1,660.70. In Europe, FTSE 100 up 0.2%, DAX up 0.2% and CAC 40 down 0.1%. In Asia, Nikkei 225 up 0.7% and Hang Seng up 0.6%.v
[10:34] {cc_8} Overnight action: Deutsche bank profits big from Libor bets; Google’s Schmidt presses North Korea; Three Kurdish activists shot dead in Paris.
[10:34] {cc_8} Watch for: Weekly jobless claims (8:30 a.m. Eastern Time): seen: 363,000; last: 372,000. November wholesale inventories (10:00): seen: +0.3%; last: +0.6%. November Job Openings & Labor Turnover survey (10:00). EIA weekly natural gas storage report (10:30). 30-year Treasury bond auction (1:00 p.m.). Supervalu, MSC Industrial and Synnex are scheduled to report quarterly results.
01[10:35] {Threei}  GDX 1:1
[10:36] {cipher} +.09 GDX thx
01[10:36] {Threei}  :)
[10:37] {goryl} target Vad?
[10:37] {_jdetente} scalped GDX. ty!
01[10:37] {Threei}  yw :)
01[10:37] {Threei}  1:2 mac, goryl
[10:38] {goryl} out:)
01[10:38] {Threei}  not that it can't go lower, I just can't read beyond that in this strange market drop
01[10:38] {Threei}  1:2, over and out
[10:38] {cipher} vrtx  S.64
[10:41] {cipher} cov .60
[10:41] {dptl} wlt .30 long?
[10:41] {dino} msm hl l .55 gappy sucker
01[10:41] {Threei}  out SATT on a trail
01[10:41] {Threei}  STT
01[10:41] {Threei}  WLT, yes, hl
[10:42] {goryl} u taking it Vad?
01[10:42] {Threei}  not sure
01[10:42] {Threei}  chart's good, but I am not really inclined to take long breakouts right niw
01[10:43] {Threei}  probably will skip it
[10:43] {goryl} k
[10:43] {dptl} ok
[10:43] {dino} out msm .05, +.50
[10:43] {cipher} msm +.34 thx dino
[10:43] {dino} np
[10:43] {cipher} glad I dumped tha bitch
[10:43] {cipher} scary
[10:45] {nemo} vrtx, unless market turns good probably to 43.10 area
[10:46] {nemo} sheesh 47.10
01[10:46] {Threei}  WLT works
[10:53] {cipher} mygn l .50
[10:54] {cipher} out .60
[10:54] {cipher} signing out
[10:54] {cipher} cya
[10:54] {dino} cya
01[10:55] {Threei}  take care cupher
[10:55] {goryl} cipher, if u have a min take a look at my message
[11:02] {dino} mg hl l .15
01[11:02] {Threei}  tbell... missed nice morning
[11:02] {thomcbell} ugggh
[11:03] {thomcbell} glad u guys did well
[11:04] {dptl} btu .38 short?
01[11:05] {Threei}  yup
01[11:05] {Threei}  with .46 stop
[11:05] {goryl} taking it vad?
01[11:06] {Threei}  yup
[11:06] {goryl} hl?
01[11:06] {Threei}  nah, full lot, stop is small
01[11:06] {Threei}  andf it's not overly volatile
[11:07] {dino} elli hl l .95
[11:09] {scottie} ok I'm back, in BTU .37
01[11:10] {Threei}  back?
[11:11] {scottie} was away most of the morning
[11:11] {scottie} missed all those good trades
01[11:11] {Threei}  arrgggh :(
[11:15] {dptl} oh come on btu...die
01[11:16] {Threei}  {BTU} you no like me... :(
[11:19] {dino} veco drop
[11:20] {dino} gap filled
01[11:21] {Threei}  LOL... "I have a device in my pocket that allows me access to the database of the knowledge accumulated by humanity to date. I use it to look at cats and argue with strangers"
[11:27] {_jdetente} BTU...curses
01[11:27] {Threei}  mo worky BTU
[11:27] {dptl} stopped
[11:27] {dino} hl veco l .15
[11:31] {dptl} pay .60 long?
01[11:32] {Threei}  meh
[11:34] {dptl}  dg .90 sh?
[11:36] {dino} cmp drop
01[11:36] {Threei}  nah, not really moving
[11:38] {dptl} have to leave early..see ya tomorrow all
01[11:38] {Threei}  take care dp
[11:38] {scottie} dp
[11:38] {dino} cya
[12:00] {dino} cmp sm l .93 gappy
[12:03] {dino} lm spike
01[12:03] {Threei}  *(ZA) FITCH DOWNGRADES RATING OF SOUTH AFRICA
01[12:03] {Threei}  not sure we care but...
[12:05] {dino} lm buyout rejected
[12:17] {nemo} nflx momo
[12:20] {dino} bidu, nflx spikes
01[12:47] {Threei}  (US) VP Biden: Gun control proposals to be provided to the President by next Tuesday, 1/15***Note that VP Biden is leading the administration's gun control efforts and is expected to put out recommendations in the next two weeks so that Pres Obama can mention them in his inaugural address on Jan 21. A recent WaPo article asserted that the administration is considering a broad range of measures to reduce gun violence that would include more than a ban of assault weapons and high-capacity ammunition, universal background checks for firearm buyers, tracking the movement and sale of weapons through a national database, strengthening mental health checks, and stiffening penalties for carrying guns near schools or giving them to minors
01[12:59] {Threei}  Shooting reported in high school in Southern California - The incident happened in at Taft High School in Kern County; at least 2 victims reported shot, suspect in custody
[13:14] {scottie} NFX l .20
[13:15] {dino} out cmp .83, +.90
[13:17] {scottie} forgot the question mark
01[13:21] {Threei}  ugh
01[13:21] {Threei}  I'd have said yes
01[13:21] {Threei}  especially now when I have the benefit of looking at the chart :)
[13:23] {scottie} would've worked
[13:28] {scottie} MSFT l .40 ??????????????
01[13:31] {Threei}  I'd rather take aggressive
[13:31] {scottie} .35 ?
01[13:31] {Threei}  from under .30 if we are so lucky
[13:33] {scottie} hate it when you say that, I'm not very good at pullbacks
01[13:33] {Threei}  sorry... but still :)
01[13:33] {Threei}  it's not that hard, logic is:
[13:33] {scottie} wouldn't break of .30 invalidate the trade ?
01[13:34] {Threei}  let it drop under .30, consolidate a few min,
01[13:34] {Threei}  then buy break of .30
[13:34] {_jdetente} how about this NFX pullback?
[13:34] {scottie} ah
01[13:34] {Threei}  as it is, .35 is valid chaoice with stop under .30
01[13:34] {Threei}  just less chance of working
01[13:35] {Threei}  NFX is interesting for secondary entry here
01[13:35] {Threei}  .20 break if holds .15
[13:38] {_jdetente} goodbye NFX we hardly knew ye
01[13:39] {Threei}  yeah
01[13:39] {Threei}  MSFT starts looking like .30 break may be a short
[13:51] {scottie} TXN l .40 ?
01[13:52] {Threei}  yes
[13:53] {scottie} stop .30 ?
01[13:53] {Threei}  not sure how fast it's going to be but most everything is slow, so..
01[13:53] {Threei}  either .30 or .35, both are valid
[13:53] {scottie} .35 it is then
[13:54] {scottie} in .41
[14:00] {cc_8} Apollo Group Inc. (NASDAQ: APOL) is down 1.22 percent Thursday on news that the University of Phoenix is expecting sanctions from the group that accredits the school.
[14:06] {nemo} bidu tempting
[14:06] {nemo} frickin' trap
[14:08] {nemo} Thar she blows
[14:19] {dino} veco stop -.28
[14:21] {scottie} out
[14:22] {scottie} gotta go, see you all tomorrow
[14:23] {dino} cya
[14:23] {scottie} dino
01[14:24] {Threei}  take care scottie
[14:27] {_jdetente} stopped txn
01[14:39] {Threei} Short Setup: HLF  .50 break smaller shares
01[14:39] {Threei}  Invalidated
[14:44] {nemo} hlf looks long to either pivot or vwap
01[14:49] {Threei}  ugh HLF
01[14:49] {Threei}  should have revalidated it
[14:49] {nemo} whoa
01[15:01] {Threei} Short Setup: HLF  .50 break smaller shares
01[15:01] {Threei}  If holds  .65
01[15:18] {Threei} Short Setup: MJN  .05 break
01[15:19] {Threei}  ugh, late
01[15:19] {Threei}  let's wait for a bounce
01[15:19] {Threei}  if we get l,.ucky, around .90
[15:19] {dino} elli hl l .55
[15:23] {_jdetente} HLF on a rocket ride
01[15:23] {Threei}  sure is
01[15:25] {Threei} Short Setup: MJN  .10 break
[15:38] {dino} elli stop
[15:43] {_jdetente} .20 stop MJN?
01[15:46] {Threei}  yeah
01[15:46] {Threei}  meh
01[15:46] {Threei}  Ok guys, no time (or reason) for more trades on last minutes
01[15:46] {Threei}  thank you all, have a good evening
01[15:46] {Threei}  see you tomorrow
[15:47] {dino} gn
[15:47] {_jdetente} gn
[15:47] {thomcbell} later all

Jan 09 2013

This was one interesting day. Started with 4 invalidated trades and  5 (!) small stops in a row, all well controlled and nothing more but papercuts but man - a few too many, right? Well, then it all got fixed by 4 wins in a row, two of which were 1:2ers and one - 1:3. Goes to show - just trade your system and let the odds work their magic.

Session Time: Wed Jan 09 00:00:00 2013

[08:59] {goryl} gm

01[09:03] {Threei}  morning goryl

[09:04] {thomcbell} FBVaddy

01[09:04] {Threei}  hmmm... never heard of that stock

01[09:05] {Threei}  is it FBI spinoff?

[09:12] {scottie} good morning

01[09:13] {Threei}  scottie :)

[09:15] {cc_8} MARKET SNAP: At 6:00 a.m. ET, S&P 500 futures up 0.1%. Treasury yields higher. Nymex crude up $0.09 at $93.24; gold up 0.2% at $1,662.72. In Europe, FTSE 100 up 0.3%, DAX up 0.1% and CAC 40 up 0.2%. In Asia, Nikkei 225 up 0.7% and Hang Seng up 0.5%.

[09:15] {cc_8} Overnight action:  China set to reject HSBC’s Ping An sale; Armstrong to address scandal on Oprah; Sony sets sights on smartphone market.

[09:16] {cc_8} Watch for: MBA weekly mortgage applications survey (7:30 a.m. Eastern Time). EIA weekly petroleum status update (10:30). U.S. Treasury 10-year note auction (1:00). Constellation Brands, Helen of Troy and Ruby Tuesday are among companies reporting quarterly results.

[09:16] {cc_8} Daily Fact: On this day six years ago, Apple Inc.’s founder and visionary Steve Jobs first unveiled the iPhone.

01[09:17] {Threei}  Armstrong to address scandal on Oprah {--- I'd say that's the most important piece of the day

[09:22] {cc_8} they must've mentioned it for a reason lol

01[09:22] {Threei}  :)

[09:25] {cipher} gm

01[09:25] {Threei}  cipher :)

[09:32] {dptl} good morning

01[09:32] {Threei}  dp :)

01[09:33] {Threei}  Facebook To hold press event on Jan 15th, 10AM PST; Only saying "Come and see what we're building" - financial press- Expected to be on the longer side with lunch being served

[09:34] {dino} bud drop

01[09:34] {Threei} Short Setup: C  .75 break

01[09:35] {Threei}  If holds  .80 

01[09:36] {Threei} Short Setup: SLW  .30 break hl

01[09:37] {Threei}  both invalidated

[09:37] {dino} bud hl l .60

01[09:37] {Threei} Long Setup:  FCX  .25 break hl

01[09:39] {Threei}  wow FB

[09:40] {nemo} slw on the daily looks like 37 look for pullback long

[09:40] {goryl} fcx still valid?

01[09:40] {Threei}  yes, held .15

[09:41] {goryl} k

01[09:41] {Threei}  nemo, 37?

01[09:41] {Threei}  or .37?

[09:41] {nemo} yeah 37, so I think it's likely going north today...won't get all of it for sure but, I think it'll go long

01[09:42] {Threei}  I am lost

[09:42] {dptl} wlp .60 short? 

01[09:42] {Threei}  SLW 35.58

[09:42] {nemo} might set up a nice range here

01[09:42] {Threei}  WLP, yes

01[09:42] {Threei}  if consolidates closer

[09:43] {goryl} u taking wlp vad?

01[09:44] {Threei}  only if it spends at least 2-3 min under .10 before breaking

01[09:44] {Threei}  Invalidated  FCX 

[09:45] {ese} just popping in to say a quick hello

[09:46] {dptl} len .30 short?

01[09:46] {Threei}  hey ese

[09:46] {ese} am doing a clinic today up the island

[09:46] {scottie} ese

01[09:46] {Threei}  clinic?

01[09:46] {Threei}  asre you branching out in medical care?

[09:46] {nemo} drumming

[09:46] {ese} am still L clmt .27 from yesterday and am up .19..........free money am gonna let it ride for the day

01[09:47] {Threei}  LEN, yes

01[09:47] {Threei}  hl

[09:47] {ese} no.........teaching a couple of high schools how to run a program like i've got

[09:47] {dptl} .36 stop

[09:47] {goryl} u taking len vad?

01[09:47] {Threei}  yes, hal lot

[09:47] {goryl} k

01[09:48] {Threei}  OK, WLP

01[09:48] {Threei}  valid

01[09:48] {Threei}  and yes, stop .36 for LEN

[09:48] {ese} cc_8 got real busy yesterday and couldn't get to you..............probably will not happen today but will try to call tomorrow

[09:48] {goryl} hl on wlp?

[09:48] {cc_8} ok np

01[09:48] {Threei}  oh yes

[09:48] {ese} have a bunch of questions for you

01[09:49] {Threei}  this thing can be jumpy

[09:49] {cc_8} sure, im available anytime

[09:49] {cc_8} you can always dcc me too

[09:49] {cc_8} in case you want to multitask

[09:49] {ese} tks

[09:49] {cc_8} Among the companies with shares expected to trade actively in Wednesday’s session are Clearwire Corp. (CLWR), Apollo Group Inc. (APOL) and Seagate Technology Inc. (STX).

[09:49] {thomcbell} lvs looking for a short setup for a trade 

01[09:49] {Threei}  for ese multitasking means hitting 16 drums at the same time

[09:49] {ese} cya all

01[09:49] {Threei}  drive safe ese

[09:50] {ese} i can do that.............VERY easily

[09:50] {thomcbell} 53 break if holding 53.14 

01[09:50] {Threei}  M{alahat is treacherous right now

[09:50] {ese} tks cya vad

01[09:50] {Threei}  WLP invalidated

01[09:50] {Threei}  this is 4th setup invalidated this morning

01[09:50] {Threei}  wow

01[09:51] {Threei} Short Setup: STT  .60 break hl

01[09:52] {Threei}  If holds  .65 

[09:52] {thomcbell} lvs invalidated 

01[09:53] {Threei}  word of the day so far

[09:55] {thomcbell} that C chart just doesnt quit on the daily 

[09:56] {dino} mg

01[09:56] {Threei}  lose that .25 finally, LEN

[09:57] {thomcbell} fb 29.91 break if holding 29.78 half lot due to proximity of big round number

[09:57] {thomcbell} massive round number in this case 

[09:58] {dino} mg hl l .76

01[09:58] {Threei}  no go

[09:58] {dptl} stoped len

01[09:59] {Threei} Long Setup:  FB  .90 break

01[09:59] {Threei}  no go STT

[10:00] {thomcbell} mgm 13.15 break if holding 13.10 - aggressive 

[10:00] {dptl} fb stop .79?

01[10:01] {Threei}  yeah, standard

[10:02] {thomcbell} mgm invalid still watching it for a long entry 

01[10:03] {Threei}  what's with prints away from market

01[10:04] {Threei}  on both sides

01[10:04] {Threei}  .96 earlier, .78 now

[10:05] {dino} nus spike

[10:06] {dino} usna spike

01[10:11] {Threei}  FB target 1:3

01[10:12] {Threei}  maybe more but that we will decide if it gets over 1:2

[10:12] {dptl} trades wierd

[10:13] {thomcbell} i think 30 was a technical target for a lot of people 

01[10:13] {Threei}  you spend days in the same room with nemo, and you are not comfortable with wierd?

[10:14] {nemo} ?

[10:14] {nemo} eccentric

01[10:14] {Threei}  oh... sorry

01[10:14] {Threei}  this is very true tbell

[10:14] {thomcbell} it was mine for about the last month 

01[10:14] {Threei}  but seeling how stubbornly it trues to peck at it, I think it wants to break and run

[10:15] {thomcbell} it seems that way 

01[10:15] {Threei}  and with this vague promise of something eartshaking on Jan 15, dreamers start drooling again

[10:15] {thomcbell} mgm 13.10 break if holding 13.05 

01[10:17] {Threei}  btw nemo, thanks. Now I know why spellcheckers always went crazy when I typed "excsentrik"

[10:17] {thomcbell} lvs a thing of beauty today 

01[10:17] {Threei}  and one of them called me "stoopeed" and quit working

01[10:17] {Threei} Short Setup: SLW  .10

[10:18] {thomcbell} i like the pattern vad - but i think these things are untradeable right now 

01[10:19] {Threei}  you talking FB or SLW?

[10:19] {thomcbell} slw 

[10:19] {thomcbell} and gdx 

01[10:20] {Threei}  well, thing remains near the low while SPY makes new highs

01[10:20] {Threei}  prime candidate for short when SPY pulls back or reverses

[10:20] {thomcbell} totally agree 

[10:20] {thomcbell} gdx day low 

01[10:20] {Threei}  let's trail FB to .84

01[10:21] {Threei}  being 2 cents away from 1:1, time to limit risk

[10:21] {goryl} slw short list

[10:21] {dptl} not available slw

01[10:21] {Threei}  crrrap

01[10:21] {Threei}  GDX was a good candidater at .35 too

[10:24] {dptl} clf .70 sh?

[10:24] {dptl} ahh late

[10:25] {thomcbell} mgm pattern now better than before on the i min 

01[10:25] {Threei}  GM CEO says Germany could be slipping into recession

01[10:33] {Threei}  friking SLW 1:1

[10:34] {cipher} nul l .76

[10:34] {cipher} nus

01[10:35] {Threei}  well... non-availability for shorting nothwistanding, look at SLW and GDX as proof of the concept

[10:35] {dptl} stopped fb

[10:36] {cipher} stopped nus -.16

[10:37] {dptl} vlo .25 long?

01[10:38] {Threei}  no

[10:41] {thomcbell} mgm im out 

01[10:42] {Threei} Short Setup: CAT  .50 break hl

[10:53] {dino} gpor hl l .98

[10:53] {thomcbell} short setup qcom - 64.46 break if holding 64.58 

[10:54] {cipher} call l .39

01[10:55] {Threei}  oh come on FB

[10:55] {cipher} out .99 +.60

[10:55] {dptl} looks like rinsed fb

[10:56] {dino} bud stop -.30

[10:58] {cipher} call l .50

01[10:59] {Threei}  FB 1:2... ^%%$@*&%

[11:00] {cipher} out call .88 +.38

[11:00] {dptl} stoped cat.....sheeeesh

01[11:05] {Threei} Long Setup:  AIG  .85 break

[11:06] {cipher} cern l .98

[11:09] {dptl} stop .74 or .79?

01[11:09] {Threei}  .74

[11:10] {dptl} k

01[11:11] {Threei}  amazingly, FB does exactly what I thought it would

01[11:11] {Threei}  shouldn't have toghtened the stop... got impatient

01[11:12] {Threei}  1: frikin 3

[11:12] {cipher} out cern flat

[11:16] {cipher} lvnta l .60

[11:18] {dptl} gmcr .90 short?

[11:19] {cipher} out lvnta .85 +.25

01[11:19] {Threei}  hl, yes

01[11:19] {Threei}  wtf

01[11:20] {Threei}  VP Biden: President Obama is determined to take action on gun control, may use executive orders

01[11:20] {Threei}  to say things trade strange today is to understate it greatly

[11:20] {cipher} lvnta reload .75

01[11:21] {Threei}  A recent WaPo article asserted that the administration is considering a broad range of measures to reduce gun violence that would include more than a ban of assault weapons and high-capacity ammunition, universal background checks for firearm buyers, tracking the movement and sale of weapons through a national database, strengthening mental health checks, and stiffening penalties for carrying guns near schools or giving them to minors.

01[11:22] {Threei}  a lot of feel-good measures that won't solve anything

01[11:22] {Threei}  penalties for carrying guns near schools?

01[11:23] {Threei}  and ask Canada how " national database" works out

[11:23] {nemo} that's so stupid...people who are licensed are licensed for a reason...what, they think criminals are gonna' not carry where they want to

01[11:24] {Threei}  intended cost 50 mil, factual 2 bil, effectiveness - zero

[11:25] {thomcbell} lvs still very orderly on this pullback

01[11:25] {Threei}  let's keep AIG .79 now

01[11:25] {Threei}  I'll better take another papercut than sit for a full stop

01[11:26] {Threei}  out

[11:26] {dptl} out

01[11:26] {Threei}  RGR and SWHC got hit by that news

[11:28] {dptl} btu .25 short?

01[11:29] {Threei}  yes

01[11:32] {Threei}  no

[11:32] {dino} bud hl l .50

[11:33] {dptl} mcp .70 short?

01[11:33] {Threei}  yes

[11:33] {goryl} hl?

01[11:33] {Threei}  no, full

01[11:34] {Threei}  stop is .76

[11:34] {dino} gpor stop -.10

[11:34] {cipher} lvnta stopped .66 -.09

01[11:35] {Threei} Short Setup: FIO  19 break hl

01[11:35] {Threei}  If holds  .10 

01[11:35] {Threei}  heh

01[11:35] {Threei}  good luck getting that fill

[11:35] {dptl} yeah

[11:36] {goryl} still valid?

[11:36] {goryl} never mind:)

01[11:36] {Threei}  right :)

[11:37] {dptl} mcp may be good to .30...hopefuly :)

01[11:38] {Threei} Long Setup:  FDX  .65 break hl

01[11:39] {Threei}  If holds  .55 

[11:39] {nemo} bid moving up

[11:39] {nemo} weird

01[11:40] {Threei}  target 1:3

[11:40] {nemo} 97 should go 

[11:40] {nemo} that frickin' edgx bid keeps mooving up..something not right about that

[11:41] {cipher} call l .11

01[11:41] {Threei}  1:1

[11:44] {cipher} out call .38 +.27

[11:44] {cipher} done for the day

[11:44] {cipher} cya

01[11:45] {Threei}  gj

[11:45] {dino} usph gap fill, hl l .50

[11:49] {dptl} stoped mcp...well...what a day

01[11:49] {Threei}  papercuts

[11:50] {dptl} 5 stops...i have fdx still little size will keep stop under .60 will let it trade and i think i am done for today

01[11:51] {Threei}  all stops are half of usual size

01[11:51] {Threei}  don't comp[lain, when bad day comes you want it to be like this

[11:52] {dptl} i guess so

01[11:54] {Threei}  (EU) EU finance ministers are planning to make decision on financial transaction tax (Tobin Tax) at meeting on Feb 12th - financial press- 11 EU member states are said to be in favor of the tax.

01[11:54] {Threei}  clowns have spoken

01[11:57] {Threei}  my only regret of the day is that tightening of the stop on FB

[12:00] {dino} geoy spike

01[12:08] {Threei} Short Setup: UNG  .50 break

01[12:08] {Threei}  If holds  .55 

01[12:13] {Threei}  start partialling FDX, dp

[12:14] {dptl} lol..i only have 200sh nothing really to partial i'll just trail it

[12:21] {dptl} qcom .75 long may be

[12:22] {dptl} nevermind

[12:23] {dptl} ok see ya tomorrow all 

[12:24] {dino} cya

01[12:24] {Threei}  take care

01[12:28] {Threei}  snow in jearusalim

01[12:28] {Threei}  global warming my ass

01[12:38] {Threei}  half out UNG

01[12:38] {Threei}  dp... get back here

[12:47] {Will49} test

01[12:48] {Threei}  will :)

[12:48] {Will49} hi Vad

[12:48] {Will49} mibbit working fine now

01[12:48] {Threei}  :)

01[13:04] {Threei}  so... if UNG goes to 1:2, we found the root of a problem for today: it's dp

[13:04] {dino} tso hl l .08 stop .94

[13:14] {dino} wtf reverse slip tso stop .97, -.09

01[13:38] {Threei} Short Setup: HCN  .40 break

[13:39] {nemo} does the market trade anymore

01[13:47] {Threei} Long Setup:  CAT  .40 break

01[13:48] {Threei}  If holds  .30 

[13:55] {thomcbell} bac and 

[13:55] {thomcbell} C

[13:55] {thomcbell} C just nasty 

01[14:00] {Threei}  yeah GS is nowhere this weak

01[14:00] {Threei}  JPM though is

01[14:05] {Threei}  CAT 1:1

01[14:24] {Threei}  12:2

01[14:24] {Threei}  out

01[14:24] {Threei}  I am telling you, it was dp

[14:24] {nemo} you awake Vad

01[14:24] {Threei}  sure

[14:31] {dino} feels like every month brings less and less volume in afternoon

[14:35] {nemo} yeah...all this HFT volatility is making me sick

[14:35] {nemo} god  we have to regulate it

01[14:37] {Threei}  lol

01[14:37] {Threei}  market is a bit stunned by all the developments, and sudden calm

01[14:38] {Threei}  this is an eye of the hurricane though

01[14:39] {Threei}  next big excitement will be this debt ceiling deal

[14:40] {nemo} or it's 2003-2005

01[14:59] {Threei}  scratching HCN

01[14:59] {Threei} Short Setup: LVS  .65 break

01[15:02] {Threei}  1:1

01[15:03] {Threei}  1:2

01[15:04] {Threei}  let's not let dp in tomorrow

01[15:07] {Threei}  covered at 1:3

01[15:14] {Threei} Short Setup: MET  36 break

01[15:15] {Threei}  If holds  .05 

[15:15] {dino} out mg, all dayer, +.42

01[15:16] {Threei}  nice

[15:16] {dino} thing sat for hours at my exit

[15:19] {dino} out bud -.21

[15:26] {dino} gotta hop. daughters basketball game. gn all

01[15:27] {Threei}  take care dino

01[15:37] {Threei}  (US) White House: Reiterates President Obama has no intention of using the 14th amendment to increase the debt limit; there is no alternative to Congress raising the debt ceiling- Neither the president nor his aides will negotiate about the debt ceiling

01[15:37] {Threei}  huh?

01[15:37] {Threei}  that'll ber interesting

01[15:39] {Threei}  covering MET here

01[15:40] {Threei}  this fixes the day

01[15:40] {Threei}  thank you all, have a good evening, see you tomorrow

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

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

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.

 

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.



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