Apr 3 2013

 Another very strong day with many nice plays. As usual, our performance is way above average on down days. Miners and PMs help, with shorts on GDX and SLW alone making the day.

Session Time: Wed Apr 03 00:00:00 2013
01[09:15] {Threei}  yawn
01[09:15] {Threei}  time to accept reality
[09:16] {cipher} gm
01[09:16] {Threei}  cipher :)
01[09:17] {Threei}  read this and weep: http://www.washingtonpost.com/business/economy/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit/2013/04/02/a8b4370c-9aef-11e2-a941-a19bce7af755_story.html
[09:17] {_doublertrading} Morning all
01[09:18] {Threei}  doubler :)
[09:18] {_doublertrading} I got mIRC set up and set it to make an alert sound when you type a message Vad :)
[09:19] {backman} gm
01[09:19] {Threei}  backman :)
[09:19] {Will49} gm
01[09:19] {Threei}  you can even narrow it to beeping only when word "setup" is typed, so it alerts you to calls only
01[09:19] {Threei}  will :)
[09:20] {_doublertrading} Thanks for the tip Vad
[09:22] {Les} Yo
[09:22] {Alexs} gm
01[09:23] {Threei}  les, alex :)
[09:24] {jdetente} good morning
01[09:24] {Threei}  jd :)
[09:27] {ese} gm
01[09:27] {Threei}  ese :)
01[09:31] {Threei} Short Setup: BBRY  .90 break hl
01[09:31] {Threei}  If holds  15
[09:32] {Les} fade?
01[09:32] {Threei} Short Setup: GDX  .60 break
01[09:32] {Threei}  If holds  .70
01[09:33] {Threei}  I won't, don't view BBRY as long
01[09:34] {Threei}  GDX to .66
01[09:35] {Threei}  out
01[09:36] {Threei}  BBRY is valid
[09:37] {Les} FB rocketing
[09:38] {Les} ebay short .80?
[09:38] {Les} hl?
01[09:39] {Threei}  let's keep questions for after first 30-40 min pls
[09:39] {Les} k
01[09:41] {Threei} Short Setup: CAT  .30 break hl
01[09:41] {Threei}  If holds  .40
01[09:42] {Threei}  BBRY 1:1
01[09:47] {Threei} Short Setup: LCS  .20 break hl
01[09:47] {Threei}  LVS
01[09:47] {Threei}  1:1 in a hurry
01[09:48] {Threei}  in such a hurry that not many could enter
[09:48] {Les} got it
[09:48] {jdetente} got it
01[09:48] {Threei}  :)
[09:48] {Will49} missed
01[09:49] {Threei} Short Setup: FB  .20 break
01[09:49] {Threei}  If holds  .30
01[09:49] {Threei}  nicely looking double top
01[09:50] {Threei}  and hold the jokes about how it's drastically different frpm nicely looking double bottom
[09:50] {Les} covered lvs .02
01[09:50] {Threei}  LVS 1:3
01[09:50] {Threei}  1:4 I mean
[09:51] {jdetente} covered all at .90. thanks Vad
01[09:51] {Threei}  yw
[09:51] {Les} half shares nothing left beyond 1:2 but still welcome ty
01[09:51] {Threei}  FB 1:1
01[09:54] {Threei}  wow LVS
01[09:55] {Threei}  (US) Preview: US Mar ISM Non-Manufacturing Composite data expected at 10:00 ET (14:00 GMT)- Consensus expectations: 55.5e v 56.0 prior (prior was highest reading since Feb 2012)
[09:57] {nemo} cat looks short under .40
01[09:59] {Threei}  FB 1:2
01[10:00] {Threei}  *(US) MAR ISM NON-MANUFACTURING: 54.4 V 55.5E
[10:00] {nemo} see if nominal news is bought
01[10:01] {Threei}  - New Orders: 54.6 v 58.2 prior - Employment: 53.3 v 57.2 prior (lowest level since November)
[10:01] {backman} FB might be an all day short....FWIW
01[10:01] {Threei}  nice call CAT, nemo
01[10:01] {Threei}  FB 1:3, out
[10:02] {jdetente} good call Vad. thanks
01[10:02] {Threei}  ese, this play was devoted to you and your perma-hatred for FB :)
01[10:02] {Threei}  yw
[10:02] {Will49} tks Vad on FB
01[10:02] {Threei}  :)
[10:04] {ese} tks.......
[10:05] {Les} slw giddy up or potential dt
01[10:05] {Threei}  wow CAT
01[10:06] {Threei}  hard to tell SLW
01[10:06] {Threei}  it acts as SPY hedge again
[10:06] {Will49} oh, oh, oh..what a little downgrade can do ooh, ooh
[10:07] {Will49} that's supposed to be musical
01[10:08] {Threei}  ah
01[10:08] {Threei}  Cats?
[10:08] {Will49} ese would get it
01[10:08] {Threei}  or Les Miserables?
[10:08] {Will49} song is....what a little moonlight will do
[10:09] {Will49} from the 30s
[10:09] {Will49} you young wippersnappers!!!
[10:09] {jdetente} now that's OLDschool
[10:09] {Les} my am I miserable?
01[10:10] {Threei}  ask Hugo...
[10:10] {nemo} insufferable
[10:10] {_doublertrading} Nice trades so far Vad..
[10:10] {Les} love u too Nemo
01[10:10] {Threei}  ty
[10:10] {nemo} they should name a terminal disease after you
[10:10] {ese} I hat cats.......am alergic
[10:11] {jdetente} don't hate the kitty ese
[10:11] {Will49} i ahte them and i'm not even allergic to them
[10:11] {Will49} hate
[10:11] {Will49} cats are evil
[10:12] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXvcrFYunHZ0JAr-VwrDOCOOelThhmJZFcQcOy028mhPjzREScsIPBo7WcSn9PPRCdc8PswAtOxB1a4vDsLIKxikATjrz7pC0lk-L5G7VoHFmbsLoDXb3vB6FNUhKsyeHZkXZV1vc5jdKx/s400/EvilCat.jpg
01[10:12] {Threei}  ever looked at people?
[10:13] {Will49} just cause they look adorable.....
[10:13] {Will49} doesn't mean they're not evil
01[10:13] {Threei}  exactly - people don't even look the part
01[10:13] {Threei}  so, between the two...
[10:14] {backman} VOD
01[10:14] {Threei}  CAT bounce time very soon
01[10:15] {Threei} Long Setup:  CAT  .70 break hl
01[10:15] {Threei}  If holds  .60
01[10:15] {Threei}  1:1
[10:16] {ese} ok JD you win........thats one cute little kitty
01[10:16] {Threei}  I partially take that back... some people do look adorable
[10:16] {Will49} tks Vad
01[10:16] {Threei}  1:2, out
01[10:16] {Threei}  they tend to be of the opposite gender though
[10:17] {Will49} oh....
01[10:17] {Threei}  :)
[10:17] {jdetente} but Vad they usually end up being the most evil in the long run...haha
01[10:17] {Threei}  1:3... exited too soon
01[10:17] {Threei}  oh yes... I was talking about looks only :)
[10:17] {jdetente} ah yes
[10:18] {jdetente} it's like the old song...
[10:18] {jdetente} http://www.youtube.com/watch?v=Qh9ZZgDqzAg
01[10:25] {Threei}  to finish with the topic, how evil is this: http://goo.gl/URkqh
[10:25] {nemo} one of my favorites
[10:27] {Will49} mouse crapped out
01[10:27] {Threei} Long Setup:  RIG  .45 break
[10:27] {Les} nice evil
01[10:28] {Threei}  you missed the image of a very nicelooking evil, will
01[10:28] {Threei}  hl
01[10:28] {Threei}  If holds  .35
[10:29] {nemo} like len below .25
01[10:29] {Threei}  two-sided
[10:29] {nemo} yeah, but think roof around .45
[10:33] {Les} slw .60 short holding .70?
[10:33] {nemo} market died
01[10:33] {Threei}  yes SLW
[10:33] {nemo} http://slate.me/XMBl2W
01[10:36] {Threei}  LEN works
[10:37] {nemo} mpc, a bit spready
[10:38] {nemo} RHT
[10:38] {dino} gpn sm l .26
[10:40] {dino} a;k sm l .01
[10:40] {dino} alk
01[10:41] {Threei}  1:1 SLW
[10:41] {nemo} jpm to test the whole
01[10:42] {Threei}  btw, if you took "two-sided" comment as one about RIG, that worked too, lol
[10:42] {_doublertrading} Nice trade
[10:42] {Les} and RIG short at the lows here?
[10:42] {Les} .25?
01[10:43] {Threei}  hl, yes
01[10:44] {Threei}  now, to add a new flavor to cute and evil topic, let's talk about Platypus... http://goo.gl/qqG4f
[10:44] {backman} VOD at dl
[10:44] {Les} have off with ya
[10:44] {Les} leave the aussie stuff alone
01[10:45] {Threei}  ok... tasmanian evil?
01[10:45] {Threei}  that's far from cute though
[10:45] {Les} yeh Tasmanian's are fair game
[10:45] {ese} oh all right......those are cute too
[10:46] {nemo} I'd argue iwm spy fas long here
01[10:48] {Threei} Short Setup: GDX  .50 break
01[10:48] {Threei}  If holds  .60
[10:52] {Les} gold longs final defence
[10:52] {Les} the march bottom
[10:52] {Les} should make em spew up some volume
01[10:53] {Threei}  GDX 1:1
[10:55] {nemo} jpm
[10:55] {dino} out gpn .75, +.49
[10:56] {backman} nice
01[10:56] {Threei}  wtg
[10:56] {dino} ty
[10:58] {Les} SLW covered 1:2
[11:02] {nemo} look for HUM bounce 80.65ish
[11:08] {nemo} .66ish
[11:10] {Will49} tks Les for SLW...out
[11:11] {nemo} btw...from a self-defense point of view, if you don't know anything, carry a small 300 lumen or greater flashlight.  Flash that in someone's eyes and they won't see shit.  Then pick up a 2X4 and whack them in the head
[11:12] {nemo} even in daylight
[11:15] {Les} triple D maglite'll do both
[11:15] {nemo} can't carry that in your pocket
[11:15] {nemo} then again, you use that as a ....nevermind
[11:15] {Les} ?
[11:16] {nemo} mpc setup
[11:16] {nemo} two way
[11:16] {ese} finally.......some advice from this board that I can use.........will try that out on some unsuspecting stranger tonight
[11:17] {nemo} let me know how the 2X4 aspect works out
[11:17] {ese} done
[11:17] {Les} cover 3/4 GDX .40 1/4 .31 ty
[11:17] {Les} gonna do some aikido tonight
[11:17] {Les} decent morning c ya's
[11:18] {ese} take care les
[11:19] {backman} VOD mite be bounceable 6:1 hl
[11:20] {ese} interesting B........am lookin at that......how do you figure the 6:1
[11:20] {backman} 28.8 high
[11:22] {ese} hmmmmmm...me thinks it's gonna have to cross above the 50ma 1min before it makes any kind of a run to 28.8
[11:23] {backman} not looking for 28.2...perhaps 2:1
[11:23] {ese} or double bottom or higher lows or something......and then mrkt help.....which doesn't look to promising today
[11:24] {ese} i like looking for this kind of play on mrkt up days
[11:27] {nemo} looking to short PSX
[11:28] {nemo} could short here stop above 63, noext place would be in 63.50 area
[11:28] {nemo} europe closes in 2 minutes
[11:35] {ese} interesting day......have had my hand on the trigger a couple of times but nothing
[11:36] {Will49} keep both your hands on the table ese
[11:37] {ese} done
01[11:41] {Threei}  sheesh... poor goldbugs
01[11:41] {Threei}  miners are getting slaughtered again
[11:43] {Will49} Cara followers not happy
01[11:47] {Threei}  (CY) Cyprus reportedly to issue statement on capital cotrols later today; controls expected to be extended another 7 days
01[11:47] {Threei}  lol
01[11:47] {Threei}  you may make them permanent just as well
01[11:47] {Threei}  whenever you lift it, money runs
[11:59] {nemo} anf here long to retest 47 might be worth it
[12:00] {nemo} tza would be worth a long here too
01[12:07] {Threei} Long Setup:  SLW  .60 break
01[12:08] {Threei}  If holds  .55
01[12:08] {Threei}  low risk reversal attempt
01[12:14] {Threei}  meh
[12:14] {nemo} not even worth going long the miners
01[12:14] {Threei}  or not meh yet
[12:15] {_doublertrading} Don't speak too soon :)
01[12:15] {Threei}  ok, meh :)
01[12:15] {Threei}  miners as industry probably don;t exist anymore
01[12:15] {Threei}  just some symbols are still trading on exchanges, by pure inertia
[12:24] {dino} ouch mpc
[12:24] {dino} 10 buck day and half
01[12:25] {Threei}  things set in motion tend to move...
01[12:25] {Threei}  anfd move...
01[12:25] {Threei}  and move...
01[12:26] {Threei}  but hey, idiots will tell you "buy low because it so very low vs yesterday"
01[12:27] {Threei}  they don't understand that this concwepts denies existence of trends
01[12:28] {Threei}  when they realize that oversold gets oversolder until it gets oversoldest, and then sells some more, they lose their shirt
01[12:28] {Threei}  but I shouldn't complain too much because idiots is what helps us make a living
[12:29] {dino} are you calling a trend change based on 2 days?
[12:29] {_doublertrading} :)
01[12:29] {Threei}  me?
[12:29] {dino} yes
01[12:30] {Threei}  I don't know how to answer that, it's not what I talked about
[12:30] {dino} ok, i misunderstood. thought you were talking markets
01[12:31] {Threei}  no, MPC
01[12:31] {Threei}  trend takes it lower and lower
01[12:31] {Threei}  market overall is still in uptrend, big picture wise
01[12:31] {Threei}  until it forms clear top formation
01[12:32] {Threei}  for now it's still what nemo calls BTFD
[12:33] {dino} tol gap filled jan
[12:35] {dino} sm l .25
[12:46] {backman} VOD....wish i was trading today :=(
[12:47] {nemo} lulu looks good short here
[12:49] {dino} they way they are knocking construction, trannies, oils, and airlines last few days, you'd think economy died
01[12:50] {Threei}  it zombied
[12:50] {nemo} probably get spy bounce attempt here
01[12:50] {Threei}  one more leg down I think, nemo
01[12:50] {Threei}  then vicious bounce
[12:51] {nemo} I said it would attempt, finnies important place too, and iwm just below 50 day
[12:52] {nemo} time of day perfect for inflection too
01[12:53] {Threei}  59% Say Another 2008 Financial Meltdown Likely
01[12:59] {Threei} Long Setup:  LVS  .60 break
01[12:59] {Threei}  If holds  .50
01[13:03] {Threei}  valid still
01[13:06] {Threei}  ready LVS? let's go
[13:08] {backman} watching BBRY below 15.10 stop 15.25
[13:09] {nemo} why does a Masshole have such an affinity for a canuck company?
01[13:15] {Threei}  holding by fingernails
[13:15] {nemo} getting algo'd to death at these levels
[13:23] {_doublertrading} Hey guys just back, are you still in the LVS trade Vad?
01[13:25] {Threei}  yes
01[13:26] {Threei}  I would swear about it, but wqill will tell me I am emotional
01[13:26] {Threei}  and I am not!!!!!
[13:26] {Will49} close but no cigar
01[13:26] {Threei}  Finding Nemo sequel in works
[13:26] {nemo} ?
[13:26] {nemo} leave me alone
[13:26] {Will49} depends on how you hold your mouth when you say "yes"
01[13:26] {Threei}  yeah, I dunno why they try so hard
01[13:27] {Threei}  we find him easy to find
01[13:27] {Threei}  and delicious
[13:28] {nemo} Willl....mmmhhhhh....worried
01[13:29] {Threei}  stopped
[13:30] {Will49} nemo...leave me alone
[13:31] {Will49} soon as Les leaves, you start picking on me
[13:32] {nemo} anybody like cree short here
[13:33] {nemo} oooohhhh SPY big boy bar!!!!
[13:33] {dino} tol stop
[13:34] {nemo} they're trying to put a bottom in
[13:35] {nemo} o.k...time to shoot the women and children and throw them overboard
[13:35] {Will49} that's not right
[13:35] {nemo} alright....shoot the old timers
[13:36] {nemo} that's another serious bar
[13:38] {nemo} now we're at the bottom of the SPY channel
01[13:40] {Threei}  anyone is able to understand and explain to me in easy terms this bitcoin thingy?
01[13:40] {Threei}  my fibble mind seems to have troubles wrapping around it
01[13:47] {Threei}  I guess not
[13:47] {Will49} can't help you Vad...sorry
[13:47] {Will49} my mind is feeble too
[13:48] {Will49} (opening for nemo)
01[13:48] {Threei}  ok... two feeble minds are looking for help
[13:48] {_doublertrading} ive looked into it a bit Vad, but i have to head off now, thanks alot for the trades. Bitcoin is basically a digital decentralized currency, check this video for an introduction
[13:48] {nemo} obvious and offered openings are no fun
[13:48] {Will49} two feeble minds don't make a right mind
[13:48] {_doublertrading} https://www.youtube.com/watch?feature=player_embedded&v=Um63OQz3bjo
[13:48] {_doublertrading} Thanks again, catch you tomorrow all!
[13:49] {Will49} bye doubler
[13:49] {dino} cya
01[13:49] {Threei}  take care doubler
[13:50] {dino} vsi sm l .40
[13:55] {nemo} well now or never girls
[13:56] {dino} xoom sm l .68 ave
[13:58] {backman} if you're of a mind, take a look at BBRY or CAT
[13:59] {nemo} I hear that giant flushing sound
01[13:59] {Threei}  new lows are about to be made
[14:00] {backman} from 15.10, already at 1:1
[14:02] {backman} i would keep a tight stop at 15.25
01[14:10] {Threei} Short Setup: GDX  34 break
01[14:10] {Threei}  believe it or not
[14:13] {Will49} the Ripley trade
[14:13] {backman} shorting BBRY....wide stop of 15.30
[14:34] {dino} alk sm l .99 ave
[14:34] {Les} wow death in the miners
[14:35] {dino} wgo sm l .01
[14:38] {dino} out xoom .85, +.45
[14:39] {dino} f#ck. wrong stock. dumb
[14:39] {dino} +.17
[14:41] {dino} out vsi .83, +.43
[14:46] {Les} SLW vwap is here
01[14:50] {Threei} Short Setup: GDX  .50 break
01[14:50] {Threei}  If holds  .60
[14:51] {Les} great post from Brandt
[14:51] {Les} black or white
[14:51] {Les} up or down
[14:51] {Les} buy or sell
01[14:51] {Threei}  any blogger that calls his readers idiots gets my respect by default :)
[14:54] {Les} seems a number of bloggers changing how they interact with their readers
[14:55] {Les} sm. GDX short .59 stop is clear
01[14:56] {Threei} Short Setup: SLW  .50 break
01[14:56] {Threei}  If holds  .60
[14:57] {Les} cover half GDX .51
01[14:59] {Threei}  Deutsche Bank AG Germany's Bundesbank is said to have launched a probe of Deutsche Bank over hidden losses incurred during the financial crisis - FT- Bundesbank investigators alledge that misvaluing credit derivatives allowed Deutsche to hide up to $12B in losses, helping it avoid a government bailout.
[14:59] {Les} does that crap come out on purpose in run up to federal elections?
[15:06] {dino} vrx drop
[15:07] {dino} sm l .93
[15:07] {dino} out vrx .55, +.62
[15:07] {Will49} no moss gathering on dino
[15:07] {dino} lucky
01[15:07] {Threei}  lol
[15:08] {dino} vrx sm l .10
[15:09] {dino} out .98 -.12
[15:09] {Will49} just bad luck
[15:10] {dino} vrx sm l .52
[15:10] {dino} out .00, +.48
[15:11] {Will49} that's better
[15:11] {dino} thanks, lol
01[15:11] {Threei}  you keep him straight and narrow will
[15:11] {Will49} i'm watchin' you
[15:11] {Will49} not learning anything...but watching anyway
[15:12] {Les} GDX 2H stopped
[15:12] {Will49} I recant...i did learn not to touch those real spready trades
01[15:13] {Threei}  it's a ery specific way to trade
[15:13] {Will49} guess i really learned that from you Vad
01[15:13] {Threei}  highly effective when you have a lot of experience
01[15:14] {Threei}  but you better have a good supply of diapers while learning
[15:14] {dino} quick or the dead style
01[15:14] {Threei}  and ice in your veins when execute
01[15:14] {Threei}  let emotions in, you are deader than a doornail
[15:15] {nemo} sell offer, buy bid
[15:15] {Will49} that why you don't trade that way Vad :)
[15:15] {dino} wgo stop .75 -.25
[15:15] {Will49} too emotional?
[15:16] {Les} lol
01[15:16] {Threei}  lol, that's me
[15:16] {Will49} kidding of course
01[15:17] {Threei}  jumping up and down 3 times while pushing buy button... suffocating and screaming while pushing sell
[15:17] {dino} vrx sm l .62
[15:17] {Les} hehehe
[15:17] {Will49} no...that's ME vad
01[15:17] {Threei}  spitting at my screen inbetween
[15:17] {Les} thank god we don't have skype with camera...
01[15:17] {Threei}  buying new wipers for my monitors once a week
[15:17] {Will49} LOL
01[15:17] {Threei}  throwing keyboard out of the window
[15:17] {dino} stop .55, -.07
01[15:18] {Threei}  what else do I do...
01[15:18] {Threei}  kicking neighbor's dog
[15:18] {dino} going for 71.45s gap
[15:18] {Will49} i saw that pile of old keyboards outside your house last summer
[15:18] {dino} hmmm, or not
01[15:18] {Threei}  right
01[15:19] {Threei}  crap, someone reading the trading log might take it all seriously :)
[15:19] {dino} sm l .40
[15:20] {Les} insert yer declaimer here
[15:20] {Les} disclaimer
[15:20] {dino} stop is lod break
[15:20] {dino} stop
[15:20] {Will49} your stalker from last week seems to have given up Vad
01[15:21] {Threei}  reshi?
[15:21] {Will49} yes
01[15:21] {Threei}  well, 5 yuernames later he finally realized his games are too transparent :)
01[15:21] {Threei}  usernames
01[15:21] {Threei}  but not before he tried to blackmail me
01[15:22] {Threei}  "I'll go to another room then"
01[15:22] {Threei}  I don't respond well to blackmail...
[15:23] {Les} dumbass
[15:23] {dino} vrx sm l .59
01[15:23] {Threei}  or to idiots
01[15:23] {Threei}  die already SLW
[15:24] {dino} out .69, +.10
[15:24] {Les} vad GDX characterised as triple top? or just a rinse? or both?
[15:25] {dino} sm l .35
01[15:25] {Threei}  don't overanalyze it
01[15:25] {Threei}  emotions run high
01[15:25] {Threei}  volatility reflects it
[15:25] {Les} pushing and shoving
[15:25] {Les} k
01[15:25] {Threei}  right
[15:28] {Les} half out ty
[15:28] {dino} out .85 +.50
01[15:28] {Threei}  wtg
[15:28] {dino} ty
01[15:29] {Threei}  SLW les?
[15:29] {Les} yeh
01[15:29] {Threei}  :)
[15:29] {Les} now give me 1:2 for a great finish
01[15:30] {Threei}  it just has to
[15:30] {nemo} wow, cree on the edge
01[15:33] {Threei}  1:2
[15:36] {Les} all out on half shares in order to preserve morning profits, so I am done ty vad
[15:36] {Les} trading becomes a little more consistent
[15:36] {Will49} yea..me too Vad, not risking any more
[15:36] {Will49} excellent day
01[15:37] {Threei}  yw guys
[15:37] {Les} see you all tomorrow
01[15:37] {Threei}  making money calmly and confidently, while the world suffers in pain
01[15:37] {Threei}  1:3 baby
01[15:37] {Threei}  I am out here
[15:37] {Les} don't rub salt in investors wounds today vad :)
01[15:37] {Threei}  hmmm
01[15:38] {Threei}  what do I do for kicks then?
[15:38] {jdetente} yes thank you Vad for the trades
01[15:38] {Threei}  :)
[15:38] {jdetente} now will continue drinking poolside hehe
[15:38] {Les} cheers
01[15:38] {Threei}  have one for me please
[15:39] {Will49} days like this give me feeling that I might make it as a trader
[15:39] {Will49} but then again, there's always tomorrow
01[15:39] {Threei}  lol
01[15:41] {Threei}  aww... it still drops
[15:42] {Will49} poor TSX is bleeding profusely
01[15:42] {Threei}  backman, covering BBRY?
01[15:43] {Threei}  somehow loonie is holding about flat, will
01[15:43] {Threei}  we need it to crash
01[15:43] {Threei}  and burn
01[15:43] {Threei}  and die
01[15:43] {Threei}  and bleed while dying
[15:43] {Will49} :)
[15:44] {backman} yes 1:1 from 15.06 entry
01[15:44] {Threei}  cool
[15:44] {Will49} don't we want loonie high for our Maui trips?
[15:44] {Will49} Big Island for you
01[15:45] {Threei}  ohm I don't care about that - I simply don't convert part of profits, using it directly from USD account for such things
[15:45] {Will49} well, i care :)
[15:46] {Will49} I'll catch up with you one day Vad
[15:48] {Will49} I have a US account also but would only take me to Port Angeles at the moment
01[15:48] {Threei}  (KR) North Korea army has reportedly received its final approvals necessary for a nuclear attack on the United States
01[15:48] {Threei}  sigh
[15:48] {Will49} what a crock
[15:49] {Will49} and i don't mean crocodile
01[15:51] {Threei}  ok guys, thank you all
01[15:51] {Threei}  have a great evening, see you tomorrow
[15:51] {Will49} Cheers
[15:51] {dino} sad thing is, we will end up giving north korea billions in oil and food to make them stop threats. happens ever few years
01[15:52] {Threei}  this time it will be different...
[15:52] {dino} heard that before
01[15:52] {Threei}  {--- made a joke
[15:52] {dino} :)
01[15:52] {Threei}  take care dino :)
[15:53] {dino} u2 buddy
[15:57] {dino} out alk flat

April - May 2013 Outlook

TradeTheNews.com  THIS Time It's Different…

The next two months will be about whether 2013 can break some of the patterns seen in the last few years. 2011 and 2012 both began with great optimism, getting off to strong starts with improving economic indicators, only to falter in the second quarter. Hope springs eternal and expectations are that this year will break that pattern and avoid the spring slump. The US economy is showing particularly good signs -employment trends are on a better than expected trajectory and confidence indicators are largely on the rise. Japan, where the tsunami disaster derailed recovery hopes in March 2011, is now riding high on hopes that an unprecedented stimulus program will move its economy into a higher orbit after a two decade stall. Neighboring China is entering a more subdued phase for its economy as a new government seeks to put its imprimatur on the world's second largest economy. Europe has tamed its crisis in the last year, though events in Cyprus last month made it clear there's more work to do, and economic stagnation is worsening in some parts of the continent.

One key difference this year is that central banks are more active than ever. As the fiscal authorities continue to struggle with right-sizing their austerity programs, the economic recovery clearly rests on a cushion of monetary stimulus. Central bankers in the US, Japan, England, and the Euro Zone have all committed to record stimulus programs and some are ready to take it even further.

Japan Takes a Different Tack

April starts off with a bang as Japan's fiscal year begins, and the BOJ holds its first policy setting meeting under new management. At the April 3-4 BOJ policy meeting, newly minted governor Kuroda is expected to set his plan in motion, which could include pooling monthly bond purchases and the asset purchase fund, and using the funds to buy more longer dated debt. He may also accelerate the start date of open ended asset purchases that are currently slated to begin next January.

Kuroda has built up big expectations, vowing to do "whatever it takes" to end 15 years of deflation and reach the 2% inflation target within two years. Some respected Japanese economists, including advocates of greater stimulus, are casting doubts on whether a more active BOJ can achieve that aggressive goal so rapidly, with some suggesting it may take 5 years or more to get to the 2% inflation target, especially in light of higher sales taxes set to kick in over the next two years which are expected to crimp consumer spending. The sales tax will double in two stages from the current 5%, to 8% next year and then 10% in October 2015, so the BOJ stimulus plan will have to be grand enough to offset that drag.

With the yen already weakening and Japanese stocks rising in anticipation of the BOJ moves, failure to go big or to act swiftly on some of these measures could risk disappointment in the markets. Speaking to that point, Prime Minister Abe recently hedged his bets, saying it is possible that the 2% inflation target may not be achieved within two years, and that he is not calling on the BOJ to act recklessly just to meet that timetable.

Europe: "Differently Abled"

After the BOJ makes its fateful decisions on bolstering stimulus, next up is the European Central Bank. The ECB has two main issues to contend with - policy missteps that have fanned the coals of the crisis and euro zone states that are unable to shake off anemic economic data.

The troika's ham-handed bailout of Cyprus shook the notion that the euro zone crisis was fully contained. Fearing a string of sovereign bailouts threaten to turn the EMU into a "transfer union," northern European states pushed for a "bail in" component that would ensure weaker nations pay their dues for any future bailout package. In Cyprus this translated into the ill-conceived initial agreement that would levy a tax on all bank account holders, even those below the sacrosanct deposit insurance threshold of 100 thousand euros. Even though the levy was ultimately shifted to larger depositors, the Cyprus plan has created the threat of instant bank runs at the first whiff of trouble. For example, should Spain give the slightest hint of considering a full bailout program (as it seemed to a year ago before opting for a bank-focused recap fund), Spanish depositors would rush to secure their savings to avoid losing them to a potential "bail in."

A barrage of weak data has plagued much of the euro zone. For the EMU as a whole, unemployment has climbed from 10% a year ago to 12%, and PMI has been in contraction for over a year. Northern states have been faring better, but the southern nations, including France have been forced to trim GDP forecasts and delay expectations for returning deficit to GDP ratios back below 3%. If these data trends don't improve soon, Europe's woes could drag down the global recovery and force the ECB into more action.

Political instability has also been an enemy to economic recovery. Italy's government has been in limbo since inconclusive elections over a month ago. Three major blocks split most of the vote about equally, including the 5-Star Party's protest vote garnering 25%, and have been unwilling to join each other in a broad coalition government. It now appears likely that President Napolitano will have to call another election, perhaps in June, though it's unclear if the result would end the deadlock. Italy may eventually have to opt for another technocratic regime, but until a working government is formed uncertainty will run high in Italy.

These pressures have led the ECB toward considering another unprecedented action, namely cutting rates to zero or lower. In recent press conferences, ECB President Draghi has indicated that the bank has discussed the possibility of cutting its key rate below 0.25%, is operationally ready to do so, and could even consider negative interest rates. As the issue has been contemplated over the last year, most ECB officials seem to agree that a zero rate could create beneficial flows from fiscally sound countries with excess cash to peripheral nations whose troubled banks could borrow the funds, but that resorting to negative deposit rates might create unintended consequences including damaging Europe's 1.1 trillion euro money market industry. The ECB is also said to be looking at easing collateral rules, though it raises concerns about further weakening the central bank's balance sheet.

On a smaller scale, the BOE is struggling with poor economic indicators in the UK, which haven't been helped by the government's latest budget reaffirming austerity as its guiding principle. How the tightening purse strings play out in the UK economy may set the tone for the rest of Europe which has been shrinking away from its initial fiscal consolidation plans on fears it will extend recession. So far, readings of industrial production and manufacturing in the UK have not been promising, which is a flashing green light for more quantitative easing. The BOE could add another £25 billion to its existing £375 billion QE program as early as its April 4 meeting. Governor King, who will be replaced in July by current BOC chief Carney, has called for an additional £25 billion in QE at each of the last two policy setting meetings.

A Little Fed Makes All the Difference

With the BOJ, ECB and BOE on the verge of building on to their already unprecedented stimulus programs, the Fed seems content with the status quo after it opened the taps fully with "QE-infinity" late last year. Shifting to economic thresholds instead of calendar based forecasts successfully moved market focus back to economic data and expectations rather than fixating on a specific end date for accommodation. The Fed has made it clear as well that the thresholds are not automatic triggers for a policy change, and at his last press conference Chairman Bernanke even suggested that the thresholds could be shifted as a way to create more stimulus if necessary (e.g. lowering the unemployment threshold from 6.5%).

Thus the jobs outlook is more important than ever. In the last couple months unemployment data has become demonstrably better, enough to cause the Fed to trim its forecast for the central tendency of 2013 unemployment. One month of much better than expected payrolls data in the early March report created expectations that net new jobs will start rolling in at over 200 thousand a month on a consistent basis. The three month average of the last three months is still below the strong reports posted in Q1 of 2012, however, so market watchers may be putting the cart before the horse. Two more readings above that key 200 thousand level in early April and May could convince skeptics that the spring swoon will not repeat this year and put us on track for a better second half of 2013.

Differential Equations

The successful return of the DJIA and S&P500 to record levels seems to support the revival of the trope that global markets may be decoupling. The reanimation of the euro zone crisis caused by the mishandling of the Cyprus bailout only seemed to reinforce the idea that the US is a safer place to invest than Europe. Many analysts are now making the case that the global economy is in a unique phase that could allow the US economy to start hitting on all cylinders while Asia sputters and Europe is stalled.

At least temporarily, the political temperature on Washington has cooled. Partisans have accepted the sequester cuts in stride and are perpetuating them while Democrats and Republicans work on a longer term budget agreement. The truce centers on another round of "kicking-the-can" - Congress passed a continuing resolution that provides funding through the end of the fiscal year, September 30, averting a government shutdown. The GOP still has the option of turning up the rhetoric around the debt ceiling, which was suspended until May 19 as part of the last kicked-can, but they may be unwilling to risk another sovereign rating warning that may result from this tactic.

In this relatively calm political environment, US equity markets have fallen into a complacent melt-up mode undergirded by the Fed's QE3 program. There appear to be no good alternatives to stocks - cash has eroding value, gold has fallen along with crisis fears, and bond yields are miniscule. The VIX volatility index has dropped to multi-year lows, and shows no signs of concerns even in futures contracts ranging out to late 2013.

Not to be forgotten, another earning season is upon us. Companies will have to demonstrate they deserve expanding multiples by putting up solid results despite the global malaise and incremental setbacks like the loss of some government funding because of the sequestration (which is now set to continue through September unless a grand budget deal is forged).

A few warning signs are emerging in the metals market, including a potential glut in copper production. Copper futures are near one-year lows, a concerning indicator for industry. The weakness in copper is reflective of weaker than expected manufacturing data in China, the top consumer of copper. Meanwhile silver futures have just officially entered a bear market, dropping 20% off of September highs, a bad omen for gold, which has been slumping for six months and has fallen more than 10% in that period. In the energy complex, the price of oil probably won't garner much attention unless WTI returns to $100 per barrel, a level that could be seen as a hindrance to economic expansion. As always, a surprise escalation in Iran or North Korea could play havoc with the commodity markets.

Split the Difference

As the spring quarter opens, every corner of the global economy is faced with difficult questions. Will the sequestration begin to bite harder in the US and will the D.C. pugilists at least keep their gloves on? Can Europe withstand economic data getting any worse even as it helplessly watches the Italian political fiasco? Can the new Japanese regime stir together the right recipe to reinvigorate the country's economy, a feat that has eluded leaders for two decades, inducing governments in Toyko to change almost as often as the seasons? Will a disappointing string of data, another unexpected macro event, or even the "sell in May" platitude trigger yet another spring swoon?

Three months into 2013, these questions have yet to be answered, but things seem to be a little better than the last two springs. Equity markets continue to attract money flows though the anticipated "great rotation" out of bonds and into stocks has yet to begin in earnest as retail investors still fear getting burned again. Treasury yields in the most favored nations are still extraordinarily low, but there's no obvious catalyst yet to prick the "bubble" of the 20 year bond rally. History favors stocks in the short term - over the last six decades, April has been has been the best performing month of the year for the DJIA with an average gain of 2%, and the Industrials haven't registered a decline in any of the last seven Aprils. The expectation that the BOJ will open the flood gates for stimulus has buoyed the Nikkei Index for several months, and any perceived shortcomings in the actual BOJ policy announcement will only steer investment dollars back toward the US stocks.

The biggest note of caution for the next few months may lie in the central banks being victims of their own success. If economic data start to turn dramatically better, monetary policy efforts will get most of the credit. But too much success could have a stiff price as the markets start to recalibrate the timing of the eventual unwinding of accommodative policy. Central banks do not appear to be in a hurry to stop what they are doing, and some are just starting to go full tilt, but if they get a burst of faster than expected positive results, much of that progress could be lost as markets try to anticipate the pivot toward the exit strategy. Ultimately better data would be a positive, but the perception that it all rides on the back of extraordinary stimulus that will eventually be withdrawn makes all the difference.


CALENDAR

APRIL
1: US ISM Manufacturing PMI
3: US ISM Non-manufacturing PMI; BOJ Policy Statement
4: ECB policy statement; BOE rate statement; Bernanke and 3 other FOMC members speak
5: US unemployment and payrolls; US trade balance
5-6: Next round of Iran nuclear talks in Almaty, Kazakhstan

7: Japan Current Account
8: China CPI and PPI
10: China trade balance: US FOMC meeting minutes
12: US retail sales; US PPI

14: China Q1 GDP
16: BOE inflation letter and UK CPI data; US housing starts and building permits; US CPI
17: BOE minutes; German ZEW economic sentiment
18: US Philly Fed Manufacturing Index

22: US existing home sales; China HSBC flash manufacturing PMI
23: Euro Zone flash PMI readings; US new home sales
24: German Ifo business climate index; US durable goods orders
25: UK prelim Q1 GDP; BOJ policy statement (tentative)
26: US advance Q1 GDP

29: US personal spending
30: Euro Zone unemployment; US consumer confidence; China manufacturing PMI
MAY
1: US ISM Manufacturing PMI; FOMC policy statement
2: ECB policy statement; US trade balance
3: US unemployment and payrolls; US ISM non-manufacturing PMI

6: Japan prelim Q1 GDP
7: China CPI and PPI; German factory orders
9: BOE policy statement; Japan current account
10: China trade balance

13: US retail sales
15: German ZEW economic sentiment; BOE inflation report; US PPI
16: US housing starts and building permits; US Philly Fed Manufacturing Index
17: US preliminary University of Michigan consumer sentiment

21: BOJ policy statement (tentative)
22: BOE minutes; FOMC minutes; US existing home sales; China HSBC flash manufacturing PMI
23: Euro Zone flash PMI readings; UK Q1 GDP 2nd reading; US new home sales
24: German Ifo business climate index; US durable goods orders

26: BOJ minutes
28: US consumer confidence
30: US Q1 GDP 2nd reading
31: China Manufacturing PMI

TradeTheNews

Apr 2 2013

Very nice day with winning trades on GDX, CAT, SLW (4 out of 5 on this one alone). Stops were fer and far between and couldn't spoil the day. SLW downward move could have been exploited better  as we called break of major support earlier, but it is what it is.


Session Time: Tue Apr 02 00:00:00 2013
[08:58] {dino} gm
[08:59] {nemo} think so?
01[09:00] {Threei}  dino :)
[09:01] {dino} spring must be close, i have to wear a hat to keep sun out of my eyes while a.m. trading
01[09:01] {Threei}  lol
[09:05] {_doublertrading} Morning
[09:06] {nemo} Mmmmhhhhhh.....Vad, do you think our luck can hold?
01[09:06] {Threei}  doubler :)
01[09:06] {Threei}  about what nemo?
[09:06] {nemo} Les not being here
[09:14] {dino} lol
[09:18] {cipher} gm
01[09:19] {Threei}  cipher :)
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {Les} good afternoon
[09:21] {nemo} so much for hope
01[09:21] {Threei}  les :)
[09:21] {Les} frikin liberal
[09:21] {Les} next time u won't vote obama will ya
[09:22] {Les} hoping GDX holds .90 before opening
[09:22] {nemo} ? you're a dead man
[09:22] {Les} until opening
[09:22] {Les} Vad is Nemo threatening me?
[09:22] {nemo} No, making a promise
[09:22] {Les} not sure he's taken his meds this morning
[09:23] {backman} gm
01[09:23] {Threei}  backman :)
[09:23] {nemo} yeah...well ran out of rum yesterday
[09:25] {Alexs} gm
01[09:25] {Threei}  alex :)
[09:26] {Les} great post by the kid vad
01[09:26] {Threei}  yup... one of a very few bloggers who reeally understand what's going on
[09:26] {nemo} by whom?
[09:26] {nemo} oh, yeah that was hilarious
[09:30] {ese} gm
01[09:30] {Threei}  ese :)
01[09:31] {Threei}  watching FB for pullback entry
[09:32] {Les} c FAS went to split today
[09:32] {nemo} all the direxion leveraged etfs did
[09:32] {Les} including?
[09:32] {Les} ok TNA only 1 important
[09:32] {nemo} tna tza bgz bga fas faz, and a coupla others
[09:33] {nemo} And to think, he bred...
01[09:33] {Threei}  SLW on watch for short entry
01[09:33] {Threei} Long Setup:  FB  .90 break
01[09:33] {Threei}  If holds  .80
01[09:35] {Threei} Short Setup: SLW  .25 break
01[09:35] {Threei}  Invalidated  FB
[09:36] {jdetente} gm
01[09:36] {Threei}  jd :})
01[09:37] {Threei}  stop .36 for now
01[09:38] {Threei}  .31 now
[09:39] {ese} out adsk .41 +.43
01[09:39] {Threei}  notice how close SLW is to major support at 30
01[09:39] {Threei}  acts like magnet, anf if broken...
[09:39] {Les} will stress lot of bottom buyers...
[09:40] {dino} ndaq sm l .50 stop lod
[09:40] {Will49} nice one ese
01[09:40] {Threei}  SLW 1:1 is close enough for first part
01[09:41] {Threei}  stop to .26
01[09:42] {Threei}  OK... not this time yet for a bigt one
[09:42] {cipher} BRCM L .05
01[09:42] {Threei}  but stays on watch
[09:43] {cipher} GOLD L.07
01[09:43] {Threei} Short Setup: CAT  .25 break hl
01[09:43] {Threei}  If holds  .35
01[09:44] {Threei}  grrr SLW
[09:44] {Les} RIG
01[09:44] {Threei}  new low, after rinsing second half
[09:44] {Les} never mind gappy
[09:45] {Les} FB dt?
[09:45] {ese} tks will
01[09:46] {Threei} Short Setup: SLW  .10 break
[09:47] {dino} wgo sm l ave .85
01[09:48] {Threei}  If holds  .20
01[09:48] {Threei}  let's see if we get major breakdown this time
01[09:50] {Threei}  getting it alright
01[09:50] {Threei}  1:2
[09:50] {nemo} 10 oclock numbers
[09:50] {Les} S3 is here for SLW
[09:51] {_doublertrading} Nice trade on SLW
01[09:51] {Threei}  last 1/4 out on a trail .02
[09:51] {dino} ndaq stop .32 -.18
01[09:51] {Threei}  ty
[09:52] {thomcbell} good one vad
01[09:52] {Threei}  should have more in it but for now let's leave them sort it out
[09:52] {Will49} tks Vad
01[09:52] {Threei}  yw
[09:52] {nemo} cat interesting spot here
[09:52] {cipher} WPRT L .47
[09:53] {dino} wgo stop .71 -.14
[09:53] {Les} LVS
[09:54] {dino} wgo rinsed
[09:57] {cipher} TRIP L .68
[09:58] {ese} L trip .72
[09:58] {ese} C your reading my mind
01[09:58] {Threei} Short Setup: LVS  .20 break hl
01[09:58] {Threei}  If holds  .30
[09:59] {cipher} out TRIP .98 +.30
[09:59] {thomcbell} stocks really not acting well
[09:59] {dino} out trip .04 +.30 ty cipher
[09:59] {ese} out trip .04 ++.31
06[09:59] * Les orders all stocks to behave themselves forthwith
01[10:00] {Threei}  *(US)) APR IBD/TIPP ECONOMIC OPTIMISM: 46.2 V 45.5E
06[10:00] * Les engages acting coach for stocks that can't act well
01[10:01] {Threei}  (US) Feb Durable goods revised lower from 5.7% to 5.6%; Durables Ex-Transportation revised higher from -0.5% to +0.3%
[10:01] {ese} hmmmmmmmm TRIP .......hell bent for leather
01[10:01] {Threei}  no go LVS
[10:02] {Les} oh come on Tbell
[10:02] {Les} I'll get back in my corner
[10:02] {Les} FB looking like new squeeze attempt
[10:03] {nemo} spy coming to the top of the channel
[10:04] {dino} ndaq sm l .91
[10:04] {Les} SLW to vwap resistance
[10:05] {nemo} mos
01[10:06] {Threei} Long Setup:  C  .20 break
01[10:06] {Threei}  If holds  .15
[10:06] {nemo} RAX
[10:07] {ese} L urbn .41
01[10:08] {Threei}  ugh... no go
[10:08] {thomcbell} lvs still on short watch vad
01[10:09] {Threei}  can't tell really
[10:09] {cipher} MELI L .20
[10:10] {ese} out wprt .90 +.28
[10:10] {Les} been trying at FB but .80 holds strong vad
[10:10] {Les} .90 long  if holding .80?
01[10:11] {Threei}  not withough decent consolidation
[10:11] {Les} yeh
[10:11] {cipher} out WPRT .72 +.25
[10:11] {thomcbell} stx and wdc very weak
[10:11] {ese} L some more URBN avg .42
[10:13] {Les} yer MOS still going Nemo was looking for basing maybe .50?
[10:13] {Les} support .44 see a db
[10:13] {Les} wanna see
[10:13] {cipher} MELI stop  .08 -.12
[10:14] {Les} daily ugle
[10:14] {Les} ugly
[10:14] {nemo} or .30 maybe
01[10:14] {Threei} Short Setup: CAT  .25 break hl
[10:14] {nemo} they walked spy to the top of the channel then it dropped
01[10:14] {Threei}  If holds  .35
[10:14] {nemo} forgot about cat, couldn't get above vwap
01[10:15] {Threei}  enough rinsing CAT, time to drop
01[10:15] {Threei}  good kitty
01[10:15] {Threei}  give us 1:2
[10:17] {dino} alk drop
[10:18] {dino} sm l .60 alk
01[10:18] {Threei}  stop to .31
01[10:19] {Threei}  1:1
01[10:20] {Threei}  stop to .26
01[10:20] {Threei}  want to cover second half around 1:2, doubt it has mor in it
[10:20] {Les} .05 is a pivot support might need to bid .06 or .07
[10:22] {Les} MOS .55 or .60 holding .50?
01[10:22] {Threei}  it isn't
[10:22] {Les} :)
[10:23] {Les} answer from a master
01[10:23] {Threei}  but it gave you clean DBI, why not short .50 break?
01[10:23] {Threei}  well, I am master of obvious
[10:24] {Les} true, got locked into single scenario
[10:24] {thomcbell} lvs vad
01[10:24] {Threei}  when a stock doesn't hold .50, you can count on me giving it to you straight: no, I'll tell you, it doesn't hold .50.
[10:25] {Les} SLW back to the 30
[10:25] {dino} txi sm l ave .61
01[10:25] {Threei}  yeah tbell... didn't get a read on it
01[10:25] {Threei}  still don't
01[10:25] {Threei}  MOS 1:1 btw
01[10:25] {Threei}  Les, this indicates thinking instead of seeing
01[10:26] {Threei}  remember the main point of 111 Trades
01[10:26] {Threei}  visual recognition
[10:26] {Les} yeh
01[10:26] {Threei}  same thing earlier with suggestion of FB .90 break - there was no any recognizable setup there
01[10:27] {Threei}  take it as an early wanrning of deviation from the, umm... true path, to borrow from new age idiots
01[10:27] {Threei}  so you know what to correct at early stages
01[10:27] {Threei}  not waiting for a problem to grow
[10:28] {Les} yeh danger of overthinking ORCL again I see
[10:28] {Les} or not thinking
01[10:29] {Threei}  ugh LVS
01[10:30] {Threei}  seriosuly got away
01[10:30] {Threei}  and frikin CAT rinsed second half
[10:31] {Les} short SLW .00?
[10:31] {Les} holding .10?
01[10:32] {Threei}  looks right
[10:32] {Les} full cover CAT .03 ty
01[10:33] {Threei}  if consolidates a bit here, might become another short on 85 break
[10:34] {ese} L gold .25
[10:34] {nemo} cat volume, either long here to .30 or short under the whole
[10:34] {nemo} spy iwm bounce here
01[10:35] {Threei}  yes, looks two-sided
01[10:35] {Threei} Short Setup: CAT  85 break hl
01[10:35] {Threei}  If holds  .10
[10:35] {Les} mos LOD new short?
[10:36] {nemo} y
[10:36] {nemo} watch for volume though
[10:39] {ese} urbn stopped.............FFFFFFFFFFFF!!!!!!!!!! .11 -.31
[10:39] {Will49} emotions?
[10:39] {Les} 1:1 SLW
[10:40] {ese} yaaaaaa!!!!!!!!! what of it???????ehhhhhhhh!!!!!!!!
[10:40] {Will49} LOL
[10:40] {ese} lol
[10:40] {ese} ahhhhhhemmmmmmm.......ok .....i'm jok now
[10:41] {dino} lool
[10:41] {dino} lol
[10:45] {backman} VOD was on my radar....missed it pissing at FB short....arggh
[10:45] {Les} partial MOS 1:1
[10:46] {ese} out gold .38 +.13
01[10:47] {Threei}  anyone went for CAT fade?
[10:47] {Les} nope
[10:47] {Will49} no
[10:47] {Les} already in 2 trades
[10:47] {Les} FB long here?
[10:47] {Les} wants to squeeze
01[10:48] {Threei}  ??
[10:49] {Les} 2nd half mos stopped
[10:50] {Les} forget it. .90 long was what I wanted.
01[10:50] {Threei}  yes but you ask when it's at 26.05, and no any kind of setup on sight?
[10:51] {Les} well shouldn't have asked and hit the .01 offer i was looking at
[10:51] {ese} L shpg .19986633
[10:51] {Will49} can't you be more accurate?
[10:53] {ese} i'll work harder at that......please forgive my inacuracy on the board
06[10:56] * dino slaps ese around a bit with a large trout
01[10:56] {Threei} Short Setup: SLW  .85 break
06[10:57] * nemo slaps Les around with the spines of a large angel fish
01[10:57] {Threei}  If holds  .95
[10:58] {ese} huh........haven't been nailed with the trout for a few years now........quite odiferous
[10:59] {nemo} spy feels like "BOOM!" but wouldn't be the first time I was wrong today
[10:59] {cipher} uUNH L .14
[11:00] {cipher} UNH
06[11:00] * Les threatens Nemo's bunny with a tray of baked polenta and a red Chianti...
[11:00] {nemo} channeling the good Dr. I see
[11:02] {ese} lol
[11:04] {cipher} UNH stopped .16 +.02
01[11:09] {Threei}  we need new SPY high for SLW to work
[11:10] {Will49} well...somebody do something then!
01[11:10] {Threei}  really
[11:10] {Will49} :)
[11:12] {Will49} if ese unloaded all his longs, that would push SPY up:)
[11:13] {dino} alk sm l .90
[11:14] {Les} MOS .25 short holdiung .35?
[11:14] {nemo} short it now
[11:16] {Les} how's that lieutenant?
[11:16] {Les} http://www.youtube.com/watch?v=wUZxSf_P2r0
01[11:16] {Threei}  I'd do it but keep it to hl, Les
[11:17] {Les} yeh been keeping it hl here k
[11:19] {nemo} wow Les to a "T"  http://www.youtube.com/watch?v=P2vkiLHiTcY
[11:19] {Les} sight
[11:20] {Les} sigh
[11:20] {Les} well at least I've got the common courtesy :P
[11:26] {Les} MOS 1:1 partial
01[11:28] {Threei}  ok SLW... time to die
[11:29] {dino} alk stop -.30
01[11:29] {Threei}  MOS nice breakdpwn
01[11:29] {Threei}  back to visuals I see, Les
01[11:30] {Threei}  way to correct the course on the go
[11:30] {Les} it's interesting to self observe
[11:30] {Les} and have someone observe
01[11:30] {Threei}  pervert
[11:30] {nemo} ;-)
01[11:31] {Threei}  (nemo made me do it)
[11:31] {nemo} self-inflicted pressure Vad, but I do set the bar high
[11:32] {nemo} so, this week carbon copy of last week-so far
[11:33] {nemo} FAS looks long here
[11:34] {cipher} nclh s .60
01[11:34] {Threei}  let's trail SLW to .91
01[11:34] {Threei}  things are very slow now
[11:35] {cipher} cov NCLH .51 +.09
[11:38] {cipher} NCLH L .21
[11:39] {Les} MOS 2nd half stopped .17
01[11:39] {Threei}  oh well
[11:39] {cipher} out .42
[12:02] {backman} EBAY?
01[12:02] {Threei}  flatlined... can't tell which way to break
[12:02] {nemo} lunchtime
[12:02] {backman} VOD making new lows
01[12:03] {Threei} Short Setup: UAL  .35 break
01[12:03] {Threei}  If holds  .45
[12:03] {cipher} CREE L .40
[12:03] {Les} ?
[12:03] {Les} say again... over
[12:04] {Les} Vad typo on yer short setup
01[12:04] {Threei}  ?
[12:05] {Les} VAL?
[12:05] {Les} UAL shit
01[12:05] {Threei}  U
01[12:05] {Threei}  invalidated anyway
[12:05] {jdetente} it was United Continental Les...
[12:06] {Les} yeh forgotten the ticker
01[12:07] {Threei}  wow ebay
01[12:07] {Threei}  who woke this thing up?
[12:08] {ese} L some more nat avg .95
[12:08] {nemo} gonna' test the highs
[12:08] {nemo} back in February
[12:09] {Les} slw dropped off shorts before making new lows
[12:11] {backman} APOL big rinse after failing at 18
[12:11] {cipher} out CREE .70 +.30
[12:12] {Les} got Q's and SPY holding at daily BB resistance here
[12:12] {cipher} SFLY l .68
01[12:12] {Threei}  this thing is highly irritating today
01[12:12] {Threei}  SLW I mean
[12:13] {Will49} thought you meant Les
[12:13] {Les} hehehe
[12:13] {Les} WIIIIIIIIILL.....
[12:13] {Will49} well...I don't know
[12:14] {cipher} out SFLY .80 +.12
[12:17] {backman} BBRY??
01[12:17] {Threei}  ?
01[12:17] {Threei}  what do you see there?
[12:17] {backman} tightening bands on 1 min
01[12:18] {Threei}  yeah but that's merely an element of the setup... what's the setup?
[12:18] {backman} buy break of .25
01[12:19] {Threei}  with .19 stop?
[12:19] {cipher} NCLH L .54
[12:19] {backman} Yes
01[12:19] {Threei}  that would be aggressivbe entry for .27 - .28
01[12:19] {Threei}  why not, risk is very small
[12:20] {backman} ty
[12:23] {cipher} NCLH stopped .58 +.04
[12:25] {cipher} GMCR L .12
[12:26] {cipher} stopped .18 +.06
[12:27] {nemo} ease up during lunch
[12:27] {cipher} taking too many stopes
[12:27] {cipher} you're right
[12:27] {nemo} we're basically back in the 10:00 range
01[12:27] {Threei}  SLW is one of those that thend to stuck with me... right idea, questionable execution
01[12:27] {Threei}  saw it as a short for a big move
[12:28] {nemo} was it Les' idea?
01[12:28] {Threei}  haven't found the right way to execute it
[12:28] {Les} grabbed a little at .78 for another go. got stopped out simlarly yesterday, although it didn't drop into close yesterday
[12:28] {nemo} it's trending down, gotta' short it at a moving averaged or trend line
[12:28] {Les} price obeyed 3 min MACD correctly
01[12:28] {Threei}  [09:39] {Threei} notice how close SLW is to major support at 30
01[12:28] {Threei}  [09:39] {Threei} acts like magnet, anf if broken...
[12:28] {nemo} MOS might be interesting again below 58
[12:30] {nemo} mmmmhhh....got me thinking long too
[12:31] {ese} L fslr .66
[12:39] {ese} hmmmmmm  almost got stopped out of  fslr
[12:40] {ese} vad if you've got a sec........just give me a little assessment of fslr...thought that capit bar with volume might have been enough to turn it but maybe not
01[12:41] {Threei}  it still might, as a double bottom
01[12:41] {Threei}  if it's holding .50
[12:41] {ese} good point
01[12:41] {Threei}  break of .60 and then .70 would make it work nicely,
[12:41] {cipher} SFLY s.96
01[12:42] {Threei}  but if loses .50, get out and don't look at it for the rest of the next 10 min
[12:42] {ese} lol done
01[12:42] {Threei}  (I mean, that's like eternity for day tarders, isn't it)
01[12:43] {Threei}  daily feels like it's nearing the bottom, but it's not quite there yet
[12:43] {ese} yup
[12:43] {ese} hmmmmmm another medium volume bar
[12:44] {ese} bastard out .46 -.20
[12:45] {cipher} JAZZ S .93
[12:49] {Les} GDX ain't stopping
[12:53] {cipher} JAZZ stopped -.11
[12:54] {Les} vad DE LoD where would you call trigger .15 or .10 or .12?
01[12:57] {Threei}  .10
01[12:57] {Threei}  SLW... anyone would be so merciful and shoot me NOW?
06[12:57] * Threei slants and nemo
01[12:57] {Threei}  at
[12:58] {nemo} how about the kneecaps?
01[12:58] {Threei}  no
[12:58] {nemo} feet?
01[12:58] {Threei}  no
[12:58] {nemo} hands?
[12:58] {Les} still holding 100
[12:58] {nemo} there's nothing to shoot at in your head
01[12:58] {Threei}  I didn't ask for pain, SLW fulsfills my needs in that
01[12:58] {Threei}  I asked for quick relief
[12:59] {nemo} wrong guy
01[12:59] {Threei}  sigh
[13:00] {cipher} GOLD L .26
[13:00] {Les} slw covered .47
[13:00] {backman} nicely dun
06[13:01] * Threei slaps Les around a bit with a large roll of cash
[13:01] {Les} too small for my liking but taking my cues from what I see
01[13:02] {Threei}  so, looking back at today's handling SLW:
01[13:02] {Threei}  3 shorts,
01[13:02] {Threei}  1 worked for 1:1, 1 for 1:2 and 1 got stopped
01[13:02] {Threei}  pathetic
01[13:02] {Threei}  I am ashamed
01[13:03] {Threei}  pouring ashes on my head and removing myself in monastery
[13:03] {Will49} turn in your Moscow madallion Vad
[13:03] {Will49} medalion?
[13:03] {backman} will u be able to receive texts?...and have charts on your fone?
01[13:03] {Threei}  for such a move, and for foresseeing it early, this profit is ridiculous
01[13:04] {Threei}  I don't know backman, I asked them for a wifi in my cave
01[13:04] {Threei}  but they said all-female monasteries try to keep social networks away, so...
[13:05] {backman} sounds like a drag
[13:05] {Will49} Vad would need to be in drag
01[13:06] {Threei}  ok, put those brakes on your imagination, will ya {G}
[13:07] {dino} lnn sm l .30 ave
[13:08] {nemo} think I like that one short
01[13:08] {Threei}  GDX is back to being a hedge against SPY
[13:09] {Les} IWM respecting trendline resistance for the moment
01[13:09] {Threei}  still not as weak as SLW but still
01[13:12] {Threei} Long Setup:  SLW  .50 break
01[13:13] {Threei}  hate to do it and still see SLW as a weak one, but chart calls for spome relief rally
01[13:13] {Threei}  not much, about 1:2
[13:13] {nemo} spy and iwm starting to look like rebate trading stocks
01[13:13] {Threei}  lol
[13:13] {dino} out lnn .83, +.53
01[13:14] {Threei}  it's all HFT failt nemo, I am telling you
01[13:14] {Threei}  wtg dino
[13:14] {dino} ty
[13:14] {Will49} LOL Vad
[13:14] {nemo} o.k. ZeroVad
[13:15] {ese} L nat avg .94
[13:15] {nemo} spit yer coffee on that one?
01[13:15] {Threei}  no, but started loading my gun
01[13:17] {Threei}  btw, those who read the bs all over the net about gold, silver, consipracies, this and that, and get tired of it, the blog post which is a must rfead:
01[13:17] {Threei}  http://kiddynamitesworld.com/youre-absolutely-right-announcing-a-new-blog-service/
01[13:18] {Threei}  ok SLW... some spine please?
01[13:19] {Threei}  KISS is coming to Victoria... Will, ese, are we going to crash that party?
[13:20] {Will49} hahaha
[13:20] {Will49} I'm waiting until Guy Lombardo comes to Victoria
01[13:20] {Threei}  Peter Griffin is game
[13:23] {nemo} wow Will, better wipe the drool
[13:24] {Will49} :)
[13:27] {dino} mpc sm l .95
[13:28] {nemo} dude, that one is on my algo as very red
[13:28] {Les} what's happening with QQQ
[13:29] {nemo} coming to a vwap near you
[13:29] {ese} Well...........I was a stage roady for them in 1979 i believe.....that union need extra help and a bunch of us at music school thought we'd do it...........definitely convinced us never to do that for a living
[13:29] {cipher} out GOLD .48 +.22
[13:29] {dino} mpc stop -.20
[13:29] {nemo} too many women, huh?
[13:30] {Les} daily bb's appear to be resistance, along with upper inside trendline holding QQQ's in a channel
01[13:30] {Threei}  1:1
01[13:30] {Threei}  this one just went from an "imbecile" category to a "hopeless imbecile:"
01[13:30] {Threei}  (US) Fed's Kocherlakota (dovish, FOMC alternate): Reiterates Fed policy is not accomodative enough
[13:31] {Les} YAAAAAAAAY
01[13:31] {Threei}  $85B every frikin month is not accomodative enough? what is it that you want, idiot? 100B? 200?
[13:31] {ese} nope....not for us but i do remember Gene Simmons showing up in his Limo with a playboy bunny on his arm.
01[13:31] {Threei}  when is it enough and how on earth are you going to withdraw that?
[13:31] {Les} Prepping for the next big slush fund easing
[13:32] {ese} L some more nat avg .93
01[13:32] {Threei}  {nemo} coming to a vwap near you {-- I am nominating it for the best line of the day
01[13:33] {Threei}  and yes, it pains me to admit nemo produced it
[13:33] {nemo} and to think, you wanted me to shoot you
01[13:34] {Threei}  I take that back, now I want to shoot you
01[13:34] {Threei}  you had your chance
[13:34] {nemo} wow, wasn't expecting this vwap bounce
[13:34] {nemo} oh look mommy eagle brought a dead robin back to the nest
[13:35] {nemo} see the video last week of the hawk that tried to make a meal out of an eagle's egg...that fight lasted all of a millisecond
01[13:36] {Threei}  yeah, that was cool
01[13:36] {Threei}  don't mess with eagle
[13:36] {nemo} mpc looks good long here
01[13:36] {Threei}  I don't know what that buzzard was thinking
01[13:37] {Threei}  he is not much more than a turkey to an eagle
[13:38] {nemo} yeah, he got curb stomped quick
[13:40] {dino} mpc sm l .00
[13:44] {nemo} mpc frickin' tease
[13:45] {dino} pretty much
[13:45] {dino} way below s3
[13:45] {nemo} yeah, but above breakout and 50 day
[13:46] {nemo} 84.27 for breakout and 82.16 for 50 day
[13:46] {nemo} and it ran ridiculously for a long time
[13:46] {dino} true
[13:49] {nemo} so we have an 86 seller
01[13:50] {Threei}  pssst SLW... 3 cents left to 1:2
[13:53] {ese} gotta go all but for your viewing pleasure i'm long Nat 8K .93.....we'll see how that plays out for the end of the day...take care
[13:53] {Will49} be good
[13:53] {nemo} that's a seller
[13:53] {nemo} wow
[13:53] {backman} gl
01[13:53] {Threei}  take care ese
[13:53] {ese} cya will vad nemo
[13:54] {dino} 2ndary on nat today
[13:55] {jdetente} taking .69
[13:55] {jdetente} ty Vad
01[13:55] {Threei}  yw
01[13:55] {Threei}  amazingly, SLW served us well today but I feel greatly disappointed with how I handled it, lol
[13:56] {dino} wierd day
01[13:56] {Threei}  1:2
01[13:56] {Threei}  out
[13:56] {Will49} tks Vad...took a while but :)
01[13:56] {Threei}  yeah, what's our hurry
01[13:57] {Threei}  KISS is not coming today
[13:57] {Will49} thank goodness
01[13:57] {Threei}  hehe
01[13:58] {Threei}  btw nemo, speaking of fighting birds, look at this one standing his ground: http://goo.gl/nJjHX
[13:58] {nemo} yeah, ducks can have attitudes
01[13:58] {Threei}  that's goose you goof
[14:00] {nemo} oh, sorry, was looking at the ducks behind
[14:00] {nemo} geese have attitudes too
01[14:00] {Threei}  ever since they saved Rome...
[14:00] {backman} attitudes or altitudes?
[14:00] {nemo} Oh, I exercise near this lake in town that has swans...that is a frickin' BIG bird....
[14:01] {nemo} MPC looking like it'll give up the ghost
[14:04] {jdetente} there's a reason the term "goosed" was invented...
[14:04] {jdetente} those are mean birds
01[14:04] {Threei}  yeah, quite assertive
[14:10] {dino} lnn sm ave .05
[14:10] {dino} l
[14:14] {nemo} wow, this is shaping up to be a veerrry low volume day
[14:14] {backman} APOL frozen on bid ask...long from .31
[14:28] {Les} DE coming into LoD territory
[14:32] {Les} took a real dick setup .14 short HoD stop on QQQ but held the stop.
[14:32] {Les} resistance in daily is kicking in
[14:33] {Les} took the setup at 11.50
[14:36] {Les} slw ain't rising vad
[14:36] {Les} short .70 oon the index bounce?
01[14:36] {Threei}  not sure
01[14:37] {Threei}  backman, took 1:1 partial on APOL?
[14:38] {backman} stopped out. +.07...just trading v small right now....
[14:40] {Les} DE wasn't a setup at .10 looking for 84 short now
[14:42] {Les} nope
[14:42] {Les} getting panicky
01[14:44] {Threei}  want to see total mess of policy? look:
01[14:44] {Threei}  (CY) Cyprus memorandum of understanding: Seeks primary deficit at 2.4%/GDP in 2013, 4.25%/GDP in 2014, 2.1% in 2015- Privatization program to raise �1.4B in 2013-2016 - Seeks to freeze public sector pensions and increase retirement age by 2 years - Increases duty on tobacoco, alcohol, petroleum and increase the VAT - Corporate income tax to be increase to 12.5% - Dividend and interest taxes to be raised to 30% - Public service fees to be increased 27%
[14:44] {Les} taking slw short .68 small stop .75
01[14:45] {Threei}  everything is so rosy, we can increase all taxes, duties, fees
01[14:45] {Threei}  the sheer number of idiots is nothing short of frightening
[14:46] {Les} noose is tightening
[14:46] {Les} on Europe
01[14:47] {Threei}  EU can't fall apart soon enough
01[14:47] {Threei}  if it happens this evening, it will be much later than it should have been
[14:47] {dino} by giving up their individual currencies they have doomed thenselves
01[14:47] {Threei}  totally
01[14:48] {Threei}  and just imagine a mess of returning to them
01[14:48] {Threei}  it's inevitable but it's going to be a nightmare
01[14:49] {Threei}  launvhing rebalancing of good two and half dozen of "new" currencies
01[14:49] {Threei}  launching
[14:49] {Les} will be great
[14:49] {Les} for holidays again
01[14:49] {Threei}  and all trade relationshops
[14:49] {Les} Euro is frikin expensive
01[14:50] {Threei}  every frikin shop that puts together a vacuum out of parts sourced from, say 5 vountries, imagine the nightmare of price forming
[14:50] {Les} got V for Vendetta playing behind me
[14:50] {dino} its all computerized 3i, not as big a deal as once was
[14:51] {Les} forgotten how frikin good this film is
[14:51] {Les} scary too
01[14:51] {Threei}  not what I mean dino
01[14:51] {Threei}  sure it will be norm and doable when it settles down,
01[14:52] {Threei}  but the transition form euro to twp and half dozen of currencies that are related to each other at some arbitrary ratios at first, until market sorts it out
01[14:52] {Threei}  that is going to be real fun
[14:52] {dino} agreed
[14:52] {Les} and politicians putting the walls up and deciding how it will be done
01[14:53] {Threei}  of course
[14:53] {Les} will get nasty
01[14:53] {Threei}  god forbid we let things happen on their own
[14:54] {dino} lonn stop
[14:54] {dino} lnn
01[14:55] {Threei}  CAT daily is broken badly
01[14:56] {Threei}  another one like SLW
01[14:56] {Threei}  in a sense, got it roght, didn't exploit to its full potential
[14:56] {backman} Out VOD +.12
[15:00] {Les} accidently covered qqq.05 +.09 thought I had another piece. bit of a bollocks that trade
[15:04] {Les} cover half slw 1:1
[15:04] {thomcbell} finally - thought i lost my cpu
01[15:05] {Threei}  wow
[15:05] {thomcbell} all good now
[15:06] {Les} GDX
[15:06] {Les} short 36?
01[15:08] {Threei}  yes
01[15:08] {Threei}  let's officialize it
01[15:08] {Threei} Short Setup: GDX  36 break
01[15:09] {Threei}  If holds  .10
[15:10] {nemo} thin that's a two way vad
[15:10] {Les} yeh me 2
[15:11] {nemo} nevermind
[15:11] {Les} but if panic selling kicks in
[15:12] {nemo} vxx dropping, gawd I don't know what to make of that think
01[15:20] {Threei}  I'll ignore long if it sets up
[15:20] {Les} yeh
01[15:20] {Threei}  something sbout it rubs me the wrong way
[15:20] {nemo} that's Les standing behind you
[15:20] {Les} LoL
[15:21] {Les} good one
01[15:21] {Threei}  that'd do it
01[15:21] {Threei}  and yeah, lol
01[15:21] {Threei}  nemo is in good shape today
01[15:22] {Threei}  although "coming to the vwap near you" is still a prize holder
[15:22] {nemo} daddy eagle brought dinner home
[15:25] {nemo} wow, dad taking a turn sitting on the eggs
[15:25] {nemo} we'll call him Les
[15:26] {backman} ...y not "more"?
[15:26] {nemo} liste wet behind the ears...
[15:26] {nemo} Vad...bring out the tombstone
01[15:27] {Threei}  your wish...
01[15:27] {Threei}  http://www.realitytrader.com/vad/LES.JPG
[15:27] {nemo} ty
[15:27] {nemo} oh shit
[15:28] {nemo} that slipped out
01[15:29] {Threei}  good thing I didn't hurry with yw too much
[15:33] {nemo} mmmhhh, spy iwm finnie long setups not sure I believe them though
[15:33] {Raven} that picture is copyrighted !!!
[15:33] {nemo} Let me introduce you to my buddy the eagle
[15:34] {Raven} eagle link please
[15:34] {nemo} http://www.hancockwildlife.org/index.php?topic=LaFargeEagleNest#new-camera
01[15:34] {Threei}  Raven �
[15:34] {Raven} that's better
01[15:35] {Threei}  ok GDX
01[15:35] {Threei}  let's break and die
01[15:38] {Threei}  I have to use � so rarely, I forget how to type it... that's my excuse
[15:38] {thomcbell} any vwap candidates?
[15:39] {thomcbell} i thought kors could be a possibility
[15:39] {thomcbell} 54.77 vwap
[15:40] {Raven} lol
[15:40] {nemo} think market sinking into the close, no vwap runs
[15:42] {nemo} COF might be a short
[15:44] {nemo} didn't the market do this last week too?
[15:44] {nemo} oohhh, big boy volume spy
[15:46] {Les} wooohoooo
[15:46] {Les} awesome day
01[15:46] {Threei}  1:1
[15:48] {Les} tradign what I see working okay
01[15:49] {Threei}  Letter that makes me feel all warm and fuzzy
01[15:49] {Threei}  Thank you for submitting your umages for use in the 2013 Official Victoria Vacation Guide. We used some of your images in the final design and they were instrumental in making a successful publication. Enclosed please find your payment check.
01[15:49] {Threei}  it really does Les
[15:49] {dino} pretty big drops in oils, refiners, machinery, airlines
[15:49] {Will49} wtg Vad
01[15:49] {Threei}  no drama, no big emotions
01[15:49] {Threei}  just taking money where we see it
[15:50] {nemo} the storm clouds are gathering quickly
01[15:50] {Threei}  and keeping our behind safe
[15:50] {Les} well done on yer local photo shoot
01[15:50] {Threei}  ty
01[15:50] {Threei}  payment covered the cost of my latest lens, acquired last week
[15:51] {Will49} cool
01[15:51] {Threei}  wait till you see it will
01[15:52] {Threei}  you will want to get one for yourself, especially after you notice the reaction from female passerbys
[15:52] {Will49} I'm in!
[15:52] {Les} LoL
01[15:52] {Threei}  wife said I am not going on photoshoots with thnis lens without her
[15:52] {cipher} UNXL L .39
[15:53] {jdetente} is that lens envy Vad?
[15:53] {cipher} out .62
01[15:53] {Threei}  I don't what non-photographers call it :)
01[15:53] {Threei}  don't know
[15:54] {Will49} that would be me, envying Vad's lens
[15:55] {Will49} envying what the lens does for Vad too
[15:56] {jdetente} Freud would have a field day with this. hehe
01[15:56] {Threei}  lol
01[15:56] {Threei}  I am afraid to comment :)
01[15:57] {Threei}  2 min to close GDX
[15:58] {Will49} good call Vad
01[15:58] {Threei}  ty
[15:58] {jdetente} yes ty Vad
01[15:58] {Threei}  :)
01[15:58] {Threei}  with 4 wins out of 5 on SLW, spmething on CAT etc... good day
[15:59] {Les} taken .83 ciao
01[15:59] {Threei}  I am out
[15:59] {Les} c u's tomorrow
[15:59] {jdetente} good day all
01[15:59] {Threei}  thatnk you all, have a great evening
[15:59] {Will49} Yes...very good day tks
01[15:59] {Threei}  see youi tomorrow
[15:59] {backman} gnite..thnx
[16:04] {_doublertrading} Thanks Vad, nice trades
01[16:04] {Threei}  yw

Apr 1 2013

Low volume inactive days are rarely tradeable but today was rather an exception. We figured out early what kind of day it was going to be and adjusted before it even started, finishing nicely up.

Session Time: Mon Apr 01 00:00:00 2013

[08:59] {nemo} I'm outta' rum...

[08:59] {nemo} tsla running

01[09:01] {Threei}  Yawn... morning

[09:02] {dino} gm

[09:02] {_doublertrading} Hey

01[09:02] {Threei}  dino, doubler :)

[09:03] {nemo} _doublertrading, do yourself a favor...stay away from Les

[09:04] {_doublertrading} :P

[09:04] {nemo} interesting, PMI strong, but no movement per se

[09:05] {nemo} cracks me up...Freestock charts is native to Silverlight, and therefore IE, but it has more problems with IE than anything else.

[09:06] {nemo} Makes you wonder if Microsoft is the next Dell in the making

01[09:06] {Threei}  many make this call

01[09:07] {Threei}  with so many companies and technologies chipping away from it, from all directions...

[09:07] {nemo} you see that video I sent you last night...diagnostic machinery may be on the way out

01[09:07] {Threei}  yes

[09:08] {nemo} that's alot of jobs out the window

[09:09] {nemo} Dino Cipher...TSLA has your names all over it today

[09:13] {dino} watching it

[09:14] {nemo} that 44 is basically the 23.6 extension of today's action from that 43ish level

[09:18] {Les} afternoon. doubler, do yourself a favour and stay away from me :)

06[09:18] * Les slaps Nemo with a big cement easter bunny

01[09:19] {Threei}  les :)

01[09:19] {Threei}  grand entrance, lol

[09:20] {Will49} gm

01[09:20] {Threei}  will :)

[09:21] {Will49} it's a new dawn, a new day...a new month.....feelin'good

[09:22] {Will49} song going thru my head this morning

[09:22] {Les} the original or the techno version Will?

[09:22] {nemo} I hope it's Taps

[09:23] {Will49} probably have the lyrics wrong

[09:23] {jdetente} Gm

01[09:23] {Threei}  jd :)

[09:23] {Will49} nemo....disappointed in you

[09:24] {nemo} story of my life

[09:26] {Les} remember the film

[09:26] {Les} http://www.youtube.com/watch?v=Q5EnIKQW6KA

[09:26] {Les} and the blond in it

01[09:27] {Threei}  likely to be a low volume day

01[09:27] {Threei}  let's be picky

[09:27] {nemo} why?

01[09:27] {Threei}  easter monday

[09:28] {Les} holiday in Europe

[09:28] {nemo} oh

[09:28] {nemo} right

[09:28] {Les} 4 day weekend

[09:28] {nemo} everyday is a holiday in Europe

01[09:28] {Threei}  Canada too

[09:28] {Les} socialism good for something nemo

01[09:28] {Threei}  not for self-employed

[09:28] {nemo} on that note, it's interesting how anti-evolutionary humans are

[09:28] {cipher} gm

01[09:28] {Threei}  cipher :)

[09:29] {thomcbell} kids still off in nyc due to jewish holiday

[09:29] {_doublertrading} My first day in here, i'm on a trial!

[09:30] {Will49} welcome

[09:30] {Les} sorry doubler, mistook you for someone else ;)

[09:30] {Les} hi dude

01[09:30] {Threei}  sheesh TSLA

01[09:31] {Threei} Long Setup:  BBRY  .55 break

01[09:31] {Threei}  If holds  .50 

01[09:32] {Threei}  meh

[09:33] {dino} welcome doubler

01[09:33] {Threei} Short Setup: GDX  .70 break

01[09:35] {Threei}  stop .76

[09:35] {cipher} VIAB L .19

[09:35] {cipher} IACI L .20

01[09:35] {Threei}  half out .61

01[09:36] {Threei}  stop .71

[09:36] {cipher} out VIAB .39 +.20

01[09:39] {Threei}  1/4 more out

01[09:39] {Threei}  stop .61

[09:40] {cipher} gild l .59

[09:41] {cipher} RPRX L .73

[09:41] {_doublertrading} Thanks for the welcome, I may change to the mIRC client and then i can set alerts when trade messages are made.#

[09:41] {nemo} don't forget to block Les

[09:42] {nemo} wow finnies on the move

[09:43] {Les} trading the range on BBRY  .30 holding for now

[09:43] {dino} xi sm l .15

[09:43] {dino} txi

[09:44] {cipher} CRZO L .44

[09:44] {cipher} out GILD .71 +.12

[09:47] {thomcbell} stx could really go thru 37

[09:47] {thomcbell} no setup in our time frame right now 

01[09:50] {Threei} Long Setup:  JPM  .90 break

[09:51] {cipher} AEGR L .63

[09:54] {Les} JPM 2 way?

[09:54] {cipher} out AEGR .86 +.23

01[09:54] {Threei}  not so far

01[09:54] {Threei}  maybe if consolidates closer to .80

01[09:55] {Threei}  Invalidated  

[09:56] {thomcbell} long setup stx 37 break if holding 36.90 

[09:57] {cipher} RPRX stopped .71 -.02

[09:58] {nemo} interesting indexes coming into support just as the ISM number to come out and construction spending

[09:59] {dino} lnn sm l .30 gappy

[09:59] {Les} FB at .60 looks interesting

[09:59] {nemo} not good

[10:00] {thomcbell} invalidated stx 

01[10:00] {Threei}  *(US) MAR ISM MANUFACTURING: 51.3 V 54.0E; PRICES PAID: 54.5 V 60.0E

01[10:00] {Threei}  *(US) FEB CONSTRUCTION SPENDING M/M: 1.2% V 1.0%E

[10:02] {nemo} lottery ticket, get FAS under 164...WPP is 163.80

01[10:03] {Threei} Long Setup:  JCP  /10 break

01[10:03] {Threei}  If holds  .05 

[10:06] {nemo} gmcr looks good above .65

[10:06] {thomcbell} bbry looking like a 14.65 long break 

[10:06] {thomcbell} Vad

01[10:07] {Threei}  chart is right

[10:09] {nemo} gmcr got 1:1 now looks iffy

01[10:10] {Threei}  JCP 1:1

01[10:13] {Threei}  BBRY 1:1

[10:13] {thomcbell} bbry 1:1

[10:14] {dino} gj

01[10:16] {Threei}  1:2

01[10:16] {Threei}  nice one

[10:16] {Will49} good call tbell

[10:17] {cipher} SIAL L .10

[10:17] {dino} de sm l .25

01[10:18] {Threei}  1:3 baby

[10:20] {nemo} look for IWM in 93.55 area, indexes should move up from there

[10:23] {Les} RIG .20 short?

[10:24] {dino} cjes drop

[10:24] {Les} too late

[10:28] {dino} hes

01[10:28] {Threei}  .l cat .25 break hl

01[10:28] {Threei} Long Setup:  CAT  .25 break hl

01[10:28] {Threei}  If holds  .15 

01[10:31] {Threei}  Invalidated  

[10:36] {thomcbell} oh Vad - with your usu. bbry philosophy - wait for the sellers to committ - gives fuel to rally 

01[10:37] {Threei}  :)

01[10:37] {Threei}  remember pre-open warning of low volume?

01[10:37] {Threei}  - NYSE volume 125M shares, about 24% below its three-month average; . - NASDAQ volume 325M shares, about 21% below its three-month average

[10:38] {backman} gm, all..

01[10:38] {Threei}  backman :)

01[10:38] {Threei}  missed a few good ones

[10:39] {backman} i believe that....u were prob all over BBRY

01[10:39] {Threei}  among others

01[10:39] {Threei}  ese probably refused to wake up as a matter of principle

01[10:40] {Threei} Short Setup: CAT  86 break hl

01[10:40] {Threei}  If holds  .10 

[10:43] {Will49} misse Cat...too fast

[10:44] {Will49} missed

[10:44] {Will49} jumped off the tin roof

[10:44] {Will49} hot tin roof

01[10:44] {Threei}  lol

[10:45] {nemo} this may be the bottom spy hit WPP, finnies below Weekly pivot

01[10:45] {Threei}  1:1

[10:45] {nemo} can't believe they're not gonna' give Mutual fund inflows a good price

01[10:45] {Threei}  doesn't feel like bottom to me

[10:46] {Will49} I used to feel bottoms myself

[10:46] {dino} lol

01[10:46] {Threei}  I still do...

[10:46] {nemo} sit on your hands palms up will

01[10:46] {Threei}  but fewer and father between

[10:46] {Will49} :)

01[10:47] {Threei}  farther to

01[10:47] {Threei}  too

[10:47] {Will49} ooops Freudian slip Vad

01[10:47] {Threei}  yeah but minor one

01[10:47] {Threei}  nothing on a scale of famous kunch of two shrinks

01[10:48] {Threei}  lunch

01[10:48] {Threei}  sheesh

[10:48] {dino} de stop -.27

[10:49] {Les} dumb dick I am have to short strongest bankster JPM C just asking to be sold

[10:49] {nemo} big iwm volume

[10:49] {nemo} real big

[10:51] {cipher} CAR L .31

[10:52] {thomcbell} pretty clean opening range break down in spy with test no new lows

[10:52] {dino} lnn sm l .60

[10:53] {thomcbell} this one is truly nutty

[10:55] {Les} just realised new IE release been dicking me around not the net

[10:55] {nemo} how's your bottom feel now Vad?

[10:55] {cipher} BBBY L .96

01[10:56] {Threei}  told you Les... get the Chrome and forget that hyppo

01[10:56] {Threei}  uncertain nemo

01[10:56] {Threei}  50/50

[10:58] {dino} stop lnn .25 -.35

[10:59] {Les} interesting dollar dropping silver too. could be interested in long entry for long term on renewed testing of SLW support

[11:00] {Les} today wanna sell slw back to 30

01[11:01] {Threei}  CAT 1:2

[11:01] {Les} c short .04?

01[11:01] {Threei}  hl

01[11:01] {Threei}  (CY) Cyprus Govt official indicates no estimate can yet be provided regarding expectations of an economic contraction for 2013

01[11:01] {Threei}  really?

01[11:02] {Threei}  I can give them estimate: total destruction

[11:02] {Les} I see they wanna put rescind casino ban to stimulate economy....

01[11:02] {Threei}  I have better idea

01[11:03] {Threei}  it involves rebuilding labyrinth and resurrecting Mynotaurus

[11:03] {jdetente} sounds like Game of Thrones

[11:04] {Will49} Mynotaurus=small Ford

01[11:04] {Threei}  lol

[11:04] {nemo} wonder if we'll be doing any nuclear tests in North Korea this week?

[11:05] {Will49} we?

[11:05] {nemo} the royal "we"

[11:08] {dino} lnn sm l .19

[11:10] {Les} BBRY trying for new highs

[11:10] {Les} dunno if it will try during lunch or perhaps after

[11:12] {nemo} o.k.  well, if past is prelude, they haven't been able to push this lower....so....

[11:13] {nemo} 93.50ish and 156.30ish iwm spy respectively

[11:13] {cipher} SIRO l .00

[11:13] {nemo} for dino and cipher 164.70ish FAS

[11:14] {cipher} out BBBY .23 +.27

[11:17] {nemo} sheesh tsla

[11:17] {cipher} SIRO stopped -.12

[11:26] {Les} BBRY new highs trend line squeeze

[11:28] {Les} c stopped flat. didn't sweep my bid at 1:1 with big volume dump

01[11:28] {Threei}  yup, that same squeeze we hunted for on Friday

[11:29] {Les} long a little at .07

[11:29] {Les} making up for missing earlier setup

[11:30] {Les} out .20

[11:32] {dino} out lnn .82, +.63

[11:32] {thomcbell} molto bene dininsky

[11:33] {dino} ty, i guess

[11:33] {Les} slw short 64

[11:33] {Les} .64 stop .75

[11:46] {cipher} TNA L .90

[11:49] {cipher} out .24 +.34

[11:50] {Les} great entry missed yer call

[11:50] {cipher} ty, not so good exit

[11:52] {nemo} mmhhhh tsla short under 46?

01[11:54] {Threei}  activity is all but stopped

01[11:54] {Threei}  The first trading day of the second quarter is seeing risk off the table and volumes well below normal. Europe is closed for the Easter Monday holiday. In the US, the March ISM manufacturing report is adding more pressure to equities, after missing expectations and coming in at its lowest level since December. Note that the US data echoes the weak Chinese March manufacturing PMI data out in the Asia session. The DJIA is down 0.22%, the S&P500 is down 0.55% and the Nasdaq is down 0.77%.

[11:57] {Les} slw stopped .77

[12:03] {Les} BBRY drop to 15

[12:04] {ese} ok.......have stopped being sick enough to find out what s going on........how are ya

01[12:04] {Threei}  we re good

01[12:04] {Threei}  what happened to you?

[12:05] {ese} 2 bottle of vino coupled with some beer and (dare I say it Gin) did me in

[12:05] {nemo} lightweight

[12:05] {ese} lol

01[12:06] {Threei}  heh... not even one shot of vodka... I can see dp shrugging

[12:07] {ese} L adsk .98

[12:09] {_doublertrading} :)

[12:09] {ese} sheesh.....bought 1600 of it................. thought i was doing 800.........buggar it.......... lets go with

[12:10] {ese} know i'm tired but that was ridiculous

01[12:11] {Threei}  Raven forgot where the door is

[12:12] {dino} these low volume dats suck

[12:12] {dino} days

[12:12] {ese} what the hecks he been up too........long time no see

01[12:12] {Threei}  he was here all the time

[12:13] {dino} circling

01[12:13] {Threei}  right

[12:13] {nemo} looking for targets

[12:13] {ese} hmmmmmmmm...like i said .......i'm tired

[12:14] {dino} go back to bed ese, nothing moving now

[12:15] {_doublertrading} Flat as a pancake right now, deadzone dot com..

[12:16] {ese} ya.........adsk looks like it's mainlining at .99/,00

[12:18] {nemo} tsla coming into bounce territory

[12:19] {nemo} lotter ticket in .40-.60 area

[12:19] {nemo} o.k .40-.64 area ;-)

[12:26] {ese} L some more adsk avg still .98

[12:28] {dino} lnn sm l .90

[12:33] {Les} bbry seeking new highs

[12:33] {_doublertrading} You were right about that .40 Nemo

[12:40] {_doublertrading} Did you jump into that trade Nemo?

[12:42] {nemo} on phone...

[12:43] {dino} still phoning in your trades huh?

[12:43] {nemo} cute

01[12:43] {Threei}  rofl

[12:43] {nemo} I have such a hard time insulting Dino

[12:43] {Les} hehehe

[12:47] {nemo} this is a very interesting day

[12:50] {dino} very boring imo

[12:52] {nemo} mmmhhhh....bunny slumming upstairs with me today

[12:52] {Will49} very interesting

[12:52] {dino} cjes sm l .90

01[12:52] {Threei} Long Setup:  BBRY  .30 break

01[12:52] {Threei}  If holds  .20 

[12:55] {dino} cbpo drop

[12:55] {dino} thinny

[13:04] {Les} VAD slw break LOD?

01[13:05] {Threei}  chart wise yes, my concern though is, this type of breaks rarely works in low volume low volatility days

[13:23] {dino} unxl drop

[13:24] {dino} sm l .52

[13:24] {nemo} Oh jeez...

[13:24] {nemo} how am I going to tell bunny...

[13:24] {nemo} http://fxn.ws/ZwBSkH

[13:25] {dino} too soon, stop 

[13:25] {dino} re-load .82

[13:26] {dino} out .25

[13:26] {dino} between the 2, even

[13:27] {dino} out cjes .20, +.30

[13:28] {dino} unxl sm l .85

[13:30] {dino} stop unxl .75 -.10

[13:31] {nemo} important level for TSLA

[13:31] {dino} rinsed

[13:33] {nemo} jeez GS hugging the low

[13:35] {dino} out lnn ave .41, +.51

[13:35] {dino} unxl drop

[13:39] {dino} unxl sm l .74

[13:40] {dino} out unxl .00, +.26

[13:51] {backman} EBAY approaching whole #.. i don't have a position,, 

[14:03] {dino} remainder lnn to .86

[14:06] {dino} unxl drop

[14:07] {dino} missed it

[14:08] {dino} lnn to .90 

[14:11] {dino} unxl drop

[14:12] {dino} something wrong there

01[14:16] {Threei}  no fresh news

[14:16] {dino} out remainder lnn.891, +.981

[14:17] {nemo} iwm made it back to vwap, only finnies left to get there

[14:19] {dino} out txi .24, +.09 all dayer

01[14:19] {Threei}  BBRY is valid again

01[14:19] {Threei}  same setup

01[14:19] {Threei}  this is one of those on again off again

01[14:27] {Threei}  1:2 target at least

01[14:27] {Threei}  possibly more

[14:27] {nemo} So, I've changed the tag line on my email:  “Peace is that brief glorious moment in history when everybody stands around reloading,” — Thomas Jefferson

01[14:27] {Threei}  love it

[14:28] {nemo} my lefty professor friend was not amused...made my day

[14:36] {dino} lnn drop

[14:48] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

[14:53] {_doublertrading} Thanks for today, catch you tomorrow all

01[14:54] {Threei}  take care doubler

[14:58] {Will49} should change BBRY symbol to BBRO

[14:58] {Will49} blow brains right out

[15:01] {nemo} stop getting my hopes up Will

[15:01] {Will49} :)

[15:17] {dino} guys, calling it a day. decent one, no point in blowing it on a thin last hour. thx

01[15:17] {Threei}  take care dino

[15:17] {Will49} be good dino

[15:17] {Les} cheers man

[15:17] {thomcbell} you know what Will - you did make me laugh right out loud

[15:17] {Will49} :)

[15:18] {dino} ;-)

[15:18] {Will49} tks tbell...thought everybody was too bummed out to laugh

[15:18] {Will49} oh oh that's an emotion

[15:19] {Will49} bummed out=when market hits Vad's bottom

[15:19] {Les} RIG .80 short following a little consolidation?

01[15:20] {Threei}  probably

01[15:20] {Threei}  what bottom? up nicely today

[15:21] {Will49} joke

[15:21] {Will49} play on the bottom from earlier on

01[15:22] {Threei}  there was earlier on today?

01[15:22] {Threei}  I fall asleep regularly so I am not sure where today starts and ends

01[15:22] {Threei}  as far as I can tell there were about 4 todays already

[15:23] {Will49} nemo said "how's your bottom feel now Vad?

01[15:23] {Threei}  nemo was here today?

01[15:23] {Threei}  I must've missed him...

01[15:23] {Threei}  with every bullet

01[15:27] {Threei}  (ES) Spain govt reportedly to lower 2013 GDP forecasts to -1.0% vs -0.5% prior

[15:44] {nemo} vwap runs

01[15:47] {Threei}  last scalp attempt, if time allows:

01[15:47] {Threei} Short Setup: FB  .40 break

[15:51] {nemo} who aet hum unh wtf....

01[15:52] {Threei}  I have hard time telling which of those is derogatory term

01[15:52] {Threei}  all of them?

[15:52] {nemo} look at the stocks

[15:52] {nemo} aet hum unh

01[15:52] {Threei}  wtf - no such symbol

[15:52] {nemo} true

01[15:52] {Threei}  Invalidated  FB 

01[15:53] {Threei}  ok guys, time run out

01[15:53] {Threei}  thank you all, have a good evening

[15:53] {backman} gnite

[15:53] {Les} cheers

[15:54] {jdetente} gn

[15:54] {Will49} peace