Apr 09 2013

Not our day, as whatever worked was limited to scalps, and most of setups had no follow through. Last few trades worked but still left day in negative territory.


Session Time: Tue Apr 09 00:00:00 2013
[00:35] {george01} hey guys
[08:14] {nemo} Booknight kills me
01[09:06] {Threei}  I guess it's time to wake up...
[09:08] {cipher} gm
01[09:08] {Threei}  cipher :)
[09:19] {dino} gm
01[09:20] {Threei}  dino :)
[09:20] {Will49} gm
01[09:20] {Threei}  will :)
[09:20] {backman} gm
01[09:20] {Threei}  bman :)
01[09:22] {Threei}  what's with sudden swan dive
[09:22] {nemo} they've been pishing it up all morning, now to shear some sheep
01[09:23] {Threei}  LVS is about flat to reddish in a strong open
[09:25] {nemo} hlf halted
01[09:25] {Threei}  news pending
[09:26] {ese} morning..........Slovenia next I see
01[09:26] {Threei}  ese :)
01[09:26] {Threei}  yes... we called that
[09:26] {jdetente} morngin all
[09:26] {ese} mormgin
01[09:26] {Threei}  jd :)
[09:26] {jdetente} morning lol
01[09:26] {Threei}  during Cyprus crisis, all of a sudden someone of EU officials said "Slovenia won't be next Cyprus"
01[09:27] {Threei}  which was dead giveaway
[09:27] {Alexs} gm
01[09:27] {Threei}  alex :)
[09:27] {Les} huh slovenia already?
[09:27] {Les} gm
[09:28] {thomcbell} jcp johnson out
[09:28] {ese} worlds in great shape don't you think..........tax evaders.....credit debacles....Stephen harper and the Royal Bank .......awesome......this is what traders need..volitility
[09:28] {thomcbell} that could be a cookie one
01[09:28] {Threei}  les :)
[09:28] {ese} yup JCP
[09:29] {ese} Switzerland next Les
01[09:29] {Threei}  when we are done with morning volatility, do tell what Haroer did to deserve to be included in that
[09:30] {Les} switzerland got the gold ese. last man standing
01[09:31] {Threei} Short Setup: GDX  .10 break hl
[09:32] {cipher} FIRE L .29
01[09:32] {Threei}  If holds  .15
01[09:32] {Threei}  1:1
[09:34] {Les} c pushing hard for 44
01[09:36] {Threei}  pms and miners, still hedge to SPY
01[09:36] {Threei} Short Setup: SLW  .30 break hl
01[09:36] {Threei}  If holds  .40
[09:38] {thomcbell} short setup fcx 32.92 break if holding 33
[09:39] {thomcbell} fcx invalid
01[09:40] {Threei}  no go SLW
[09:40] {cipher} BBBY L .80
01[09:41] {Threei} Short Setup: LVS  .40 break
01[09:41] {Threei}  If holds  .50
01[09:41] {Threei}  1:1
[09:42] {cipher} out BBBY .88 +.08
01[09:44] {Threei} Long Setup:  CAT  .60 break hl
01[09:44] {Threei}  If holds  .50
01[09:44] {Threei}  change to .50 break
01[09:44] {Threei}  If holds  .40
[09:46] {dino} fcn sm l .15
[09:47] {thomcbell} lvs might be a long setup here now vad 54.50 break
[09:48] {dino} stop fcn .85 -.30
01[09:49] {Threei}  a bit listless morning
[09:49] {thomcbell} does that mean liquidity hose with gradual creep will ensue
[09:49] {Les} could be SLW dt here
01[09:50] {Threei}  can't tell really, tbell
01[09:50] {Threei}  there are these sudden rug pulls in SPY
[09:50] {thomcbell} 1:1
[09:50] {thomcbell} lvs
01[09:50] {Threei}  good call LVS
[09:50] {thomcbell} tu
[09:50] {thomcbell} 1:2
[09:50] {cipher} FCN L.57
[09:51] {dino} fcn sm l .70
[09:51] {thomcbell} lvs stop to 54.55
01[09:52] {Threei}  no go CAT
[09:53] {thomcbell} lvs flat last qtr at 54.55
[09:53] {thomcbell} jcp feeling a bit db to me here
[09:53] {thomcbell} too wide
01[09:54] {Threei} Short Setup: SLW  .40 break
[09:54] {thomcbell} y i agree there on slw
01[09:54] {Threei}  If holds  .50
[09:54] {thomcbell} could have made the case for a 0.44 entry
[09:56] {ese} ok greater fool strategy.........L astx .68  if you buy something high somebody else will be stupider and buy it higher......having fun with 1/2 lot here
01[09:56] {Threei}  frikin CAT... rinse
01[09:57] {Threei}  no go SLW
01[09:57] {Threei}  not delighted by this morning
[09:58] {Les} moi non plus got c short for .05 of risk here finally
[09:58] {ese} ok....the strategy works.....wonder if i should take my $5 profit here
[09:59] {ese} opps $5.10 cents
[09:59] {ese} after commision of course
[09:59] {cipher} COST L .22
01[10:00] {Threei}  *(US) FEB WHOLESALE INVENTORIES: M/M: -0.3% V 0.5%E; WHOLESALE SALES: 1.7% V 1.5%E
[10:00] {ese} oh oh..........
[10:00] {nemo} those are good numbers
[10:00] {dino} elli sm l .80
01[10:01] {Threei}  yup
01[10:02] {Threei}  (SI) EU's Barroso: Slovenia faces demanding goal in reform program, confident can meet challenges
[10:02] {ese} just when i think i've got a reverse dino goin on here the thing pauses
[10:02] {nemo} COH might be a nice short
[10:03] {Les} if distribution day we should see run back to VWAP resistance for new short
01[10:03] {Threei}  Herbalife Ltd. KPMG said to be resigning as HLF's auditor due to insider trading allegations against a senior partner - NYT- Reports circulating indicate the KPMG resignation as auditor is due to one of its partners conducting insider trading
01[10:04] {Threei}  NYT reports that Herbalife is poised to disclose on Tuesday that KPMG will have to resign as the companys auditor, following the accounting firms firing of a senior partner, according to a person briefed on the matter. KPMG disclosed late Monday that it had fired the partner, who was based in Los Angeles, for providing inside information to an unnamed individual who then traded in shares of several West Coast companies. The firm did not name the fired partner, but described the individual as having led accounts for some clients in the region.
[10:04] {thomcbell} gnw looks like a short setup - not doing it though
01[10:06] {Threei}  SLW, another rinse
01[10:07] {Threei}  friking CAT did 1:3
[10:07] {thomcbell} lvs nasty
01[10:08] {Threei}  watching GDX for possible dt
[10:09] {ese} out astx .79 +.11......huh go figur.......greater fool theory......someone did buy it from me higher
01[10:09] {Threei} Short Setup: GDX  .40 break
01[10:09] {Threei}  If holds  .45
01[10:11] {Threei}  1:1
01[10:12] {Threei}  oh come on, just a scalp?
[10:13] {Les} given the way miners behaving looking for short of iwm into .50 vwap
[10:14] {Les} SPY just hit vwap
[10:15] {Les} FAS at vwap resistance
[10:15] {Les} let' see
[10:16] {Les} GS sitting on VWAP
01[10:16] {Threei} Long Setup:  C  44 break
01[10:16] {Threei}  If holds  .90
[10:17] {nemo} V looks very short
[10:17] {Les} s iwm
[10:17] {Les} .40/.50
[10:18] {ese} i'm in .92
[10:18] {ese} caught the call a little late
01[10:19] {Threei}  which call
[10:19] {ese} ohhhhh  and read the call wrong.......thought it was .90 break
01[10:19] {Threei}  lol
01[10:19] {Threei}  works anyway
[10:19] {ese} out 1/2 .03 +.11
[10:19] {ese} tks vad
[10:21] {ese} not again
[10:22] {ese} .93 stop balancce break even
[10:22] {ese} C
[10:22] {Les} another small scalp 2H stop IWM
[10:22] {Les} rough morning
[10:22] {ese} thats just your shaving
01[10:23] {Threei}  GS .50 break should give C a push
[10:23] {Les} brain feels like it's been shaved this morning
[10:24] {ese} too late stopped .93+.01
[10:29] {Les} wondering if we're getting a rotation into commodities
[10:30] {Will49} TSX on a tear
[10:30] {nemo} wondering if Les is rotating on his...
[10:30] {Les} ouch
[10:30] {jdetente} haha
[10:30] {Les} indexes at opening levels
[10:32] {Les} small shoirt IWM .60{7.70
[10:32] {Les} .70
01[10:33] {Threei}  ok, let's trail C to .94 now
01[10:33] {Threei}  time to tighten risk on it
01[10:33] {Threei}  it should have been at 1:2 by now
[10:33] {Les} half .51 covered
[10:33] {Les} didn't take it vad. strange behaviour from it
[10:34] {Les} strange behaviour everyhwere
01[10:34] {Threei}  out
[10:34] {Les} iwm vwap support here
[10:36] {Les} IWM fully coered as a scalp
[10:37] {Les} http://stockcharts.com/school/doku.php?st=wyckoff&id=chart_school:market_analysis:wyckoff2
[10:37] {Les} perhaps a wyckoff distribution day
[10:37] {Les} watching vwap support here for indexes
[10:37] {Les} looks like it ain't holding
[10:37] {Les} SPY holding
01[10:38] {Threei} Long Setup:  LVS  55 break
01[10:38] {Threei}  If holds  .90
01[10:39] {Threei}  Invalidated
[10:40] {Les} miners at daily R3
[10:40] {Les} slw anyway
[10:40] {Les} gdx too
01[10:40] {Threei}  LVS was two-sided
01[10:40] {Threei}  thought of it twoo late for a call
01[10:41] {Threei} Short Setup: GDX  .90 break
01[10:41] {Threei}  If holds  36
01[10:45] {Threei}  Invalidated
[10:45] {Les} could be squeeze day for shorts in miners
[10:46] {dino} feels like eggshell market. afraid to make a direction decision
[10:46] {Les} dino while u there
[10:46] {Les} been meaning to ask about BBY
[10:46] {Les} watching it close a gap up around 26.70 I think it was
[10:47] {Les} .50 sorry, from end of march last year
[10:47] {Les} how do you play such a gap closure?
01[10:48] {Threei}  GDX valid again
[10:48] {dino} gaps usually fill, but could take a long time. i prefer fast fills for reversals
[10:48] {Les} or what behaviour do you note when a gap closes?
[10:49] {Les} stock keeps going? turns on a dime?
[10:49] {Les} ok
[10:49] {dino} depends on stock. bby thick. not my style. the thinner ones will fill fast (capits/spikes)and reverse
[10:50] {nemo} fslr short .50?
[10:51] {Les} k
[10:51] {Les} ty
[10:51] {Les} C dumped
01[10:51] {Threei}  yup, glad we tightened it
01[10:52] {Threei}  GDX, your turn
01[10:53] {Threei}  and don't give us that scalp nonsense, 1:3 at least
[10:54] {Les} took .82 half cover. if it's a squeeze trendline bounce is here
[10:58] {dino} mg gap fill
[10:58] {Les} 2H stop
[11:00] {dino} mg sm l .68
01[11:07] {Threei}  holding by fingertips
01[11:09] {Threei}  I officially nominate to day as a day I hate
[11:09] {Les} I'll inform our local authorities and reserve calender space
01[11:10] {Threei}  please
01[11:10] {Threei}  breaking two weeks winning streak
01[11:11] {Threei}  how dare it
[11:11] {dino} stop elli -.15
[11:13] {dino} wtf elli, stop and pops .20
01[11:14] {Threei} Short Setup: JPM  .50 break
01[11:14] {Threei}  If holds  .55
[11:16] {nemo} fast
[11:22] {Les} "most recent Hulbert data showed a recommendation of -31% net short position in gold among the newsletter writers it follows, which is the most negative in its history going back to 1997."
[11:22] {Les} every man and his dog is now bearish
01[11:22] {Threei}  "newsletter writers it follows"
01[11:22] {Threei}  not actual positions
[11:22] {Les} yeh ok
[11:22] {Les} the ones that talk for a living
01[11:23] {Threei}  eqzaktly
01[11:23] {Threei}  professional bsers
01[11:26] {Threei}  reaction of the left to Tatcher death is beyond disgusting
[11:26] {dino} mg stop -.36.
[11:27] {dino} not my morning. taking break
01[11:27] {Threei}  not anyone's it looks like
01[11:27] {Threei}  and these are people preaching tolerance
01[11:27] {Threei}  dancing on the grave, singing "witch is gone"
[11:28] {nemo} you should see the rep on the gun control issue in colorado...what a bitch
[11:28] {Les} yeh dead body being used as a punching bag
[11:28] {nemo} elderly guy says what if there's a home invasion at his home and you've taken all this away,
[11:28] {Les} rep?
[11:28] {nemo} Bitch says, well the cops would be there right away, and you'd probably be dead anyway?
[11:28] {nemo} House of Representatives
[11:29] {nemo} As if the cops are anywhere right away
[11:29] {nemo} and believe me, I have nothing against cops...had a family full of them
[11:30] {nemo} they're just after the fact
01[11:30] {Threei} Short Setup: RY  .35 break hl
01[11:30] {Threei}  If holds  .45
[11:32] {Les} cv .80? short?
[11:32] {Les} c
01[11:32] {Threei}  chart's right
[11:32] {Les} taken hl
[11:34] {nemo} fcx
[11:35] {nemo} might be two way, but have to go with the trend
[11:37] {Les} C vwap is .88 and stupid me 3 min bb support was .80 bb's tightened here. will  hold .90 as stop
[11:37] {nemo} hlf trading again
01[11:38] {Threei}  no biggie, market says
[11:38] {Les} Thatcher poison is interesting look at popular opinion
01[11:39] {Threei}  51% Think Obama More Interested in Increasing Government Spending Than Reducing the Deficit
[11:39] {nemo} what do the other 49% think?
01[11:39] {Threei}  the rest 49% never woke up over last 5 years I presume
[11:40] {Les} of all that talk of Thatcher dismantlement of welfare state, read no explanation of how it would otherwise continued to be paid for, and who would pay
01[11:40] {Threei}  left doesn't care about such minutea details Les
[11:41] {Les} and that's the difference that becoming a trader has made
[11:41] {Les} C just screwed me
01[11:41] {Threei}  they'll live on compassion, tolerance and borrowing
[11:41] {dino} mg rinsed, sheesh
01[11:41] {Threei}  and when no one will lend anymore, they'll default and confiscate whetever rich have
[11:42] {Les} HLF sweet DB
01[11:42] {Threei}  then establish dictature,
01[11:42] {Threei}  and that'll sustain them for another 70 years
[11:43] {thomcbell} marx just a bit early in predictions eh
[11:43] {Les} yeh that I explained to the missus this morning
[11:43] {Les} she did what she had to do, and very few understand it
01[11:44] {Threei}  the most amazing thing to me is:
01[11:45] {Threei}  no matter how many times history shows that it doesn't work, we return to it again and again
[11:45] {Les} HLF BB's tightening around the 38 level here may be a setup coming
01[11:45] {Threei}  squeeze is about to start HLF
[11:45] {Les} Mark and your introduction of Tao was pivotal influence in my change of thinking from linear scientific objectivism to see the world as a cycle
01[11:46] {Threei}  see what you did nemo? created a monster
06[11:46] * nemo faints
[11:46] {Les} hehehe
01[11:46] {Threei}  see what you did Les? killed nemo
[11:46] {Les} no harm done to world
[11:46] {nemo} I fainted...far from dead
01[11:46] {Threei}  HLF squeezes
[11:46] {Les} bunny might starve though
[11:47] {nemo} wait until you see Sunday's blog entry
[11:48] {Les} damn HLF .12 not to expensive anymore
[11:48] {Les} too
01[11:48] {Threei}  .05 was HLF trigger but this is a stock with cipher/dino risk tolerance
[11:48] {Les} but gotten gun shy of such rapid movers
[11:48] {Les} yeh
[11:50] {Les} sm long C .02 if this fails outta here
[11:51] {Les} squeeze mode here or after lunch not sure
[11:59] {Les} damn miners performing beautifully today
[11:59] {dino} dltr sm l .82
01[11:59] {Threei}  US Market Update: US Equities Flat In Listless Trading
01[11:59] {Threei}  no kidding
01[12:00] {Threei}  listless, and I misread the day from the opening on
01[12:00] {Threei}  anyone with stone to throw, now is the time
01[12:01] {Threei}  because tomorrow I'll be back to winning streak, and you'll have missed your chance
[12:01] {backman} sigh...hate when that happens :=)
01[12:01] {Threei}  lol
[12:01] {Les} your batting average better than mine. no stone to throw here
[12:01] {dino} lol
[12:02] {Les} C stop to .95
01[12:02] {Threei}  - US indices have given up their early gains while the continental European bourses are at session lows. Trading volumes remain subpar and there is a distinct lack of catalysts
[12:02] {Les} what was mention of Slovenia premarket? anything concrete?
01[12:03] {Threei}  a few items
01[12:03] {Threei}  Fitch downgrade on Apr 5th,
01[12:04] {Threei}  (SI) OECD report on Slovenia: No immediate need for a bailout; believes �1.0B bank recapitalization may be too low, real cost could be "significantly" higher- Govt must save viable banks and sell them into private hands and let those that are not viable fail - The country risks falling behind in its race to catch up with Western living standards - Forecasts 2013 GDP at -2.1% with 2014 at +1.1%
[12:04] {dino} fcn sm l .20
01[12:04] {Threei}  EU's Barroso: Slovenia faces demanding goal in reform program, confident can meet challenges- There is not indication that Slovenia will be requesting assistance
01[12:05] {Threei}  (duh)
[12:05] {Les} which means its official
01[12:05] {Threei}  Slovenia PM: Govt is initiating privatizations and continuing the process of fiscal consolidation- Comments that Slovenia is not a tax haven. - First bad loans to be transferred to the bad bank in June as part of effort to clean up bad loans
[12:07] {Les} C scratched flat
01[12:08] {Threei}  RY 1:1
01[12:09] {Threei}  I think this first time in my trading career that I short Canadian bank
01[12:09] {Threei}  not that they are sacred, just never came up on a radar
[12:12] {backman} long LIFE .40
[12:20] {cc_9} anyone caught a piece of KERX today ?
01[12:20] {Threei}  we rarely if ever play these cheapies
[12:23] {backman} out LIFE -.06
[12:31] {thomcbell} slow creepy creep tape
01[12:32] {Threei}  (EU) ECB's Asmussen: Probability of an EMU break up is clearly lower than before
01[12:32] {Threei}  I strongly disagree
01[12:32] {Threei}  after Cyprus it became stronger than ever
01[12:33] {Threei}  (EU) ECB's Nowotny: Reiterates that Cyprus bailout was not a template and was a special case- In any bank bailout structure a bank's owners need to share the burden of costs - There is no clear consensus about a European deposit guarantee structure. - Unhappy about Portugal Constitutional Court ruling. - Austerity measures must be in agreement with national constitutions. - Europe's crisis to be very deep, very long lasting
01[12:34] {Threei}  very deep, yes... very long - lasting - dunno, only about as long as you can duct-tape the whole thing
01[13:04] {Threei} Short Setup: HAL  39 break
01[13:04] {Threei}  If holds  .10
[13:08] {Les} s JPM .59 stop .66
[13:10] {thomcbell} long setup kors 55.94 break if holding 55.80 -
01[13:10] {Threei}  sh*t... turns out chewing is an exercise with very low calories burn rate... that's why I can't lose weight!
[13:10] {Les} stop chewing yer food then
[13:11] {thomcbell} kors invalid
[13:17] {Les} meh
[13:17] {ese} rotflol
[13:18] {thomcbell} im going to still use the same entry on kors $55.94 trigger but only half lot due to stop distance
01[13:21] {Threei}  HAL is valid
01[13:21] {Threei}  (IT) Italy Center Left Gov Official: Bersani meeting with Berlusconi went well
01[13:22] {Threei}  hah! bunga bunga party?
[13:22] {Will49} LOL
[13:26] {thomcbell} as an italian american - italian politics never ceases to amaze me
[13:27] {thomcbell} kors 1:1
[13:27] {dino} gj
[13:37] {thomcbell} and thats all she had
01[13:38] {Threei}  Invalidated  HAL
[13:39] {cc_9} Anyone playing HLF ? Big mover here.
01[13:40] {Threei}  dino and cipher are about to get interested I think
01[13:46] {Threei} Short Setup: HAL  .20 break
01[13:46] {Threei}  If holds  .25
[13:52] {dino} i might cc
01[13:52] {Threei}  .55 break was a good long entry
01[13:52] {Threei}  right when we exchanged on that
01[13:53] {Threei}  1:1 HAL
[13:53] {dino} fslr spike
[13:55] {dino} hlf sm l .00
[13:57] {dino} agu drop
[14:01] {cc_9} FSLR whoa
01[14:02] {Threei}  (SI) Slovenia Social Democrat party leader Luksic: Slovenia may need to request a bailout if it faces much more market pressure, still has some tools to avoid a bailout- Slovenia has enough money until September, believe it will be able to raise some money on the world market by then.
01[14:02] {Threei}  ok... it's all but official now
01[14:03] {Threei}  First Solar Inc. Guides FY13 $4.00-4.50 v $3.61e, R$3.8-4.0B v $3.20Be, production 1.6-1.8 GW - analyst day- Sees FY13 op cash flow $800M to $1.0B, capex $350-400M - Sees FY13 gross margin 20-22%
[14:04] {dino} hlf stop -.35
01[14:04] {Threei}  rejoice nemo:
01[14:04] {Threei}  (US) Senate Democrats are said to have enough votes to overcome a potential fillibuster against gun control legislation
[14:05] {dino} cyber, none avail fslr
[14:05] {cc_9} We have people shorting FSLR on our end.
[14:06] {cc_9} Shorts are available.
[14:06] {dino} rub it in
[14:06] {cc_9} Was not the intent lol.
01[14:06] {Threei}  you may wasnt to get a small account on a side dino... for shares inventory expansion :)
01[14:06] {Threei}  want
[14:06] {dino} busting ya
[14:06] {dino} yes, thinking about it
[14:07] {cc_9} FSLR half again I believe.
[14:07] {cc_9} HALT*
[14:08] {dino} hlf sm l .50
01[14:09] {Threei}  yeah, circuit breaker
[14:13] {cc_9} FSLR open again
01[14:17] {Threei} Short Setup: GDX  36 break
01[14:17] {Threei}  If holds  .10
[14:21] {dino} hlf stopped again...some dats the bear eats you
[14:21] {dino} days
01[14:22] {Threei}  windshield day
[14:22] {dino} yeah, and yesterday was noting to brag about. these low volume days are tough
[14:23] {dino} nothing
[14:24] {dino} f'ng rinsed hlf
[14:25] {Les} lucky for me I couldn't short it
[14:37] {dino} look at that prick hlf go
[14:39] {dino} in .90
[14:40] {dino} agu drop
[14:46] {cc_9} SRPT, this thing is super active today
01[15:02] {Threei} Short Setup: BG  .65 break hl
01[15:02] {Threei}  If holds  .75
[15:03] {dino} hlf stop flat
[15:03] {dino} done w/it for today
[15:03] {Will49} admire your persistence
[15:10] {dino} calling it a day. disgusted w/myself
01[15:11] {Threei}  oh come on
01[15:11] {Threei}  not your last, not first
[15:12] {cc_9} T__T
01[15:21] {Threei} Short Setup: GS  .15 break hl
01[15:21] {Threei}  If holds  .25
01[15:21] {Threei}  that was a bit too fast
01[15:30] {Threei}  1:2... anyone managed to catch it?
[15:30] {Les} nah
[15:30] {Will49} no
01[15:35] {Threei}  grrrr
[15:37] {Will49} if only, eh?
01[15:46] {Threei}  BG 1:1
[15:46] {Les} woohoo
[15:46] {Les} s3 here
01[15:48] {Threei}  1:2
01[15:48] {Threei}  doesn't take the day in black but takes some sting out
[15:51] {cc_9} Have a good EOD guys.
01[15:51] {Threei}  take care cc
[15:52] {Will49} tomorrow is another day (thank goodness)
[15:52] {Will49} everybody take the rest of the day off :)
[15:52] {thomcbell} gn all
01[15:52] {Threei}  have a good evening guys, see you tomorrow
[15:52] {Les} cheers tbell
[15:52] {Les} c yas

Apr 08 2013

Low volume day with NYSE trading 20% below 3-months average and NASDAQ 28% (!) Handled it way however, by grabbing our profits early in the day and trimming down activity later on. 1:3 on opening GDX short sure helped to shape up the day.

Session Time: Mon Apr 08 00:00:00 2013

[09:03] {dino} gm

[09:03] {nemo} frickin' optimist...queue cat

01[09:03] {Threei}  lol

01[09:03] {Threei}  dino :)

[09:14] {jdetente} good morning all

01[09:15] {Threei}  jd :)

[09:19] {cipher} gm

[09:19] {Les} evening

[09:19] {backman} gm

01[09:19] {Threei}  cipher, les, backman :)

[09:21] {Will49} gm

01[09:21] {Threei}  will :)

[09:22] {Les} The old guard dying off hey... Thatcher calls it a day

[09:22] {dino} she did a good job

01[09:23] {Threei}  Cyprus extended capital controls for 7 more days

[09:23] {Les} think she had her place in the cycle... good or bad, everyone has their opinion. 

[09:23] {Les} certainly was an agent for change

01[09:24] {Threei}  I don't know how they can ever end it

[09:24] {Les} Iceland still has capital controls after 5 years

01[09:24] {Threei}  the day they do money flies

[09:27] {Alexs} gm

01[09:27] {Threei}  alex :)

01[09:28] {Threei}  no clear opening candidate, wastching usual suspects

01[09:29] {Threei}  shorting GDX at 35 break is always an option of course, lol

01[09:29] {Threei}  but hope it gives us just a hint of consolidation first

01[09:30] {Threei} Short Setup: GDX  35 break

01[09:30] {Threei}  If holds  .10 

[09:31] {Les} short C .04 holding .15

01[09:32] {Threei}  good one

[09:32] {Les} q .85 half .95

[09:32] {Les} seems to be standard response to prior day's squeeze

01[09:32] {Threei}  GDX 1:1

[09:33] {cipher} gild l .95

[09:33] {thomcbell} lvs big pop there 

01[09:34] {Threei}  1:2

[09:34] {cipher} WFM L.89

[09:35] {ese} morning...got to engrossed in reading the news forgot to watch the opening and sign in

01[09:35] {Threei}  1:3, out

01[09:35] {Threei}  ese :)

[09:35] {Will49} great start Vad tks

01[09:35] {Threei}  yw

[09:36] {jdetente} yes thank you

[09:36] {cipher} TNA L .06

01[09:36] {Threei}  :)

[09:36] {cipher} out WFM .19 +.30

01[09:36] {Threei}  couple more months like this, and I won't be able to live without GDX short as Dr Watson without Holmes's pipe

[09:37] {cipher} out TNA .20

[09:37] {ese} did you nail gdx will.......well done

[09:37] {Will49} yea man

[09:37] {Will49} textbook

[09:37] {cipher} out GILD +.08

[09:37] {ese} best of lboth worlds......it's got the dino bounce as well

[09:39] {cipher} INTU L.16

[09:39] {cipher} out .42

01[09:39] {Threei} Long Setup:  AFL  .20 break hl

01[09:40] {Threei}  If holds  .10 

01[09:41] {Threei}  1:1

[09:41] {cipher} ctxs l .14

[09:42] {cipher} out .99 -.15

01[09:43] {Threei} Short Setup: CWH  .85 break

01[09:43] {Threei}  If holds  .95 

[09:44] {nemo} wow, thin trader

01[09:45] {Threei}  thank you, I am dieting

01[09:45] {Threei}  and working out

[09:45] {Les} good one

[09:45] {nemo} rim shot ese

[09:45] {Will49} hahaha

[09:45] {Les} morning nemo

[09:45] {nemo} ;-(

[09:46] {Les} :)

[09:46] {Les} how's bunny?

01[09:46] {Threei} Short Setup: BBRY  .85 break

01[09:46] {Threei}  If holds  .95 

[09:48] {dino} viab sm s .05

[09:48] {thomcbell} lvs very impressive - a dollar since my last post 

01[09:49] {Threei}  let's trail CWH to .91

01[09:49] {Threei}  takes way too long

[09:51] {nemo} bunny is fine

01[09:51] {Threei}  we need to hear it from her

[09:52] {nemo} I'll see if I can get her to the keyboard

[09:52] {Les} yeh I'm wondering how many times she's been stewed and simply replaced

01[09:53] {Threei}  out CWH

[09:53] {Will49} careful Les...you're playing with fire

[09:54] {Les} wow LVS

[09:54] {nemo} Komrade:  http://bit.ly/Y7Vsoa

[09:54] {cipher} IBB L .92

01[09:55] {Threei}  this is beyond laughable:

01[09:55] {Threei}  (CY) EFSF: Cyprus has applied to become stepping out guarantor, request will be considered by the remaining guarantors

[09:55] {cipher} josb l .72

[09:55] {ese} L mtg .02

[09:56] {Les} RIG short .80 holding .90?

01[09:56] {Threei}  so if they say no Cyprus remains a guarantor

01[09:56] {Threei}  and its guarantee no doubt weighs a lot

01[09:56] {Threei}  yes RIG but hl

[09:56] {backman} c ndl

[09:57] {Les} yeh right

[09:57] {dino} cov viab .75, +.30

01[09:58] {Threei}  lunacy is expanding at the rate I've seen only in good ole USSR times:

01[09:58] {Threei}  (EU) EFSF is planning to sell five-year bonds

[09:58] {cipher} tna l .59

01[09:59] {Threei}  think about it: entity that is created with sole purpose of financing countries who can't carry their debt and sell bonds, starts issuing its own bonds

[09:59] {thomcbell} mtg daily chart shaping up 

[09:59] {backman} out c -.03

[10:00] {ese} out mtg .18 +.16

[10:01] {thomcbell} nice ese e

[10:01] {Will49} good one

[10:01] {cipher} out tna -.13

[10:01] {Les} ah ok, forgotten which acronym EFSF was

[10:01] {ese} tks T

[10:01] {ese} will

[10:01] {Les} yeh ponzi piling on ponzi

[10:01] {cipher} out ibb -.16

[10:02] {ese} Les?

[10:02] {Les} responding vad

[10:02] {ese} I'm going to be in Denmark on Thursday this week.......ya coming up to see me or what?

[10:03] {Will49} stay out of trouble

01[10:03] {Threei}  I thought it was summer trip?

[10:03] {Les} BBY short .20?

01[10:03] {Threei}  too bad RIG got away, nice short

[10:03] {Les} hl?

01[10:04] {Threei}  BBY looks two-sided... can be a double bottom here just as well

[10:04] {Les} k

[10:05] {cipher} conn l.40

[10:06] {dino} elli sm l .91

[10:06] {Les} sm short bby

[10:07] {Les} stop .30

[10:07] {Les} no go

[10:07] {cipher} srcl l.70

[10:08] {ese} repeat the question......I'm going to be in Denmark on Thursday this week.......ya coming up to see me or what?

[10:08] {ese} Les?

[10:08] {Les} Denmark?

[10:09] {Les} why not Mongolio? same thing

[10:09] {ese} lol

01[10:09] {Threei}  lol

[10:09] {ese} bastard......pretends to be a friend

01[10:09] {Threei}  ese goes by continents Les, not by countries

[10:09] {ese} L mtg .12

[10:09] {cipher} tna l .61

[10:09] {Les} you come to Montreux Jazz ese, I'll come say hello

[10:09] {Will49} carefil Les, there are Vikings still raoming the earth

[10:09] {Will49} roaming

[10:10] {cipher} out tna .78

[10:10] {ese} there was talk of the University of Regina Big Band doing a reunion thing back there.....haven't heard of anything more about it thought

01[10:10] {Threei}  next time you are in Missisauga, ask ese to come and see you, Les {G}

[10:10] {Les} :) have to look that one up on the map

[10:11] {Les} miners are running

01[10:11] {Threei}  good 5 thou km from us :)

01[10:11] {Threei}  die already BBRY

[10:12] {ese} Missisauga?........epicenter of the earth ...everybody knows that

[10:12] {Will49} LOL

[10:12] {ese} mtg.....show that same momo

[10:12] {ese} me ...me  me me.....ya hear

[10:14] {cipher} out SRCL .11 +.41

[10:14] {Will49} good one

01[10:14] {Threei} Short Setup: GDX  .15 break

01[10:14] {Threei}  If holds  .25 

[10:14] {dino} volume light? scanners barely moving

01[10:15] {Threei}  on a low side, yeah

01[10:15] {Threei}  and range is narrow

01[10:15] {Threei}  1:1

[10:15] {ese} dated a girl from Missisauga once........she owned her own travel agency.....ACME travel........1980/81

[10:16] {cipher} lbtya l .67

[10:17] {dino} used to work w/that coyote guy on tv, huh ese/

[10:17] {ese} lol

[10:18] {dino} mkt drop

[10:18] {cipher} out lbtya - .06

01[10:18] {Threei}  BBRY retest of the low, trail to .91

[10:19] {ese} hmmmmmmmm mtg momo might be gone

[10:20] {ese} an na da merket ain't helpin it none

[10:24] {thomcbell} yet another 5.15 deal price failure on mtg?

[10:24] {cipher} QCOR L .00

[10:26] {dino} dlx spike

01[10:27] {Threei} Short Setup: C  .55 break

01[10:27] {Threei}  If holds  .65 

[10:28] {Les} shorting miners here. just lost trendline support. market might bounce

[10:29] {dino} dlx sm s .50

[10:29] {thomcbell} long setup ago 20 break if holding 19.92

[10:29] {Les} covered +.15

[10:29] {Les} slw

[10:29] {cipher} TNA L .53

[10:30] {backman} 3:1 GDX....can i go home now?

01[10:30] {Threei}  wow

01[10:30] {Threei}  1:1 BBRY, believe it or not

01[10:30] {Threei}  wtg backman

[10:32] {Les} too early shorting BBY I see

[10:32] {dino} cov dlx .34, +.16

01[10:32] {Threei}  dino, to answer your volume question:

01[10:32] {Threei}  NYSE volume 120M shares, about 20% below its three-month average; . - NASDAQ volume 295M shares, about 28% below its three-month average

[10:32] {Will49} congrats backman

[10:33] {Les} might call it a day then Vad

[10:33] {Les} no good playing low volume days for me

01[10:33] {Threei}  I dunno... so far so good

[10:33] {Les} mornign take is adequate

[10:33] {ese} out mtg .09 -.03    bastard

[10:33] {dino} thx vad

[10:34] {dino} gj batman

[10:34] {backman} tu

01[10:34] {Threei}  let's just not push too much, handle it leisurely

[10:34] {Les} k, while volatility remains reasonable

[10:36] {Will49} would straight scalping be a strategy for low volume days?

01[10:36] {Threei}  when the morning volaility is over, yes

[10:36] {Will49} tks

01[10:36] {Threei}  and of course maintain the profit preservation routine

[10:37] {Will49} amen

[10:37] {dino} q1cor blood

01[10:40] {Threei}  1:2 BBRY

01[10:40] {Threei}  life becomes more exciting

[10:40] {Les} laser seems the go to for borrowing BBRY never once got it

[10:41] {Will49} I couldn't borrow BBRy on Laser

[10:41] {Will49} Vad beet me to it

01[10:41] {Threei}  limited availability...

[10:41] {Will49} beat

[10:41] {Les} ah ok

01[10:42] {Threei}  it changes... remember when GDX wasn't available for many?

[10:42] {Les} new SLW short .95?

[10:42] {Les} holdig .05?

01[10:43] {Threei}  looks like, yes

[10:45] {Les} indexes testing vwap, so could turn on us

[10:45] {Les} finnies leading higher

[10:46] {ese} L wft .55

[10:46] {cipher} FFIV L .76

[10:46] {cipher} TNA L.53 (late)

[10:47] {cipher} out TNA .03 +.50

01[10:49] {Threei}  wtg

[10:51] {cipher} TNA reload .82

[10:52] {cipher} out LSTR .30 +.16

[10:55] {ese} somebody said earlier that theres no volume to move the mrkt........am starting to think that.....right chart patterns in a couple of stocks here but nothing want to move

[10:55] {Les} stopping here for the morning and keeping an eye on the miners for later. Could be revisit of last weeks lows shortly enough

[10:55] {ese} wants

[10:56] {cipher} out FFIV .94 +.18

[11:02] {dino} gj ciph

[11:02] {cipher} out TNA .69 -.13

[11:02] {ese} good one C

[11:03] {dino} elli to flat

[11:05] {dino} out elli .95+.04

[11:06] {backman} long GDX from .72

[11:09] {cipher} CONN L.63

[11:10] {thomcbell} stop on ago to 19.95 

[11:10] {thomcbell} bored to tears 

[11:10] {dino} me too

01[11:10] {Threei}  want me to introduce some entertainment?

[11:11] {dino} dancing girls?

[11:12] {cipher} TNA L.65

[11:12] {thomcbell} long setup afl - 48.80 brak if holding 48.70

[11:13] {ese} finally wft +.01.........the momentum here is killing me

[11:13] {thomcbell} i kept it up vad what do u think?

01[11:13] {Threei}  chart is right but way too slow...

[11:14] {thomcbell} yes - too obvious to work meaningfully

01[11:16] {Threei} Short Setup: GLD  .80 break hl

01[11:16] {Threei}  If holds  .90 

[11:17] {cipher} tna stopped .69 +.04

01[11:22] {Threei}  1:1

[11:23] {cipher} out CONN .80 +.17

[11:25] {thomcbell} afl worked vad 

[11:25] {thomcbell} without us

01[11:26] {Threei}  oh well

[11:26] {thomcbell} agreed

01[11:26] {Threei}  so many things happen without us...

01[11:26] {Threei}  it's just one more

01[11:31] {Threei}  for instance there are three orcas right now, right next to the Sidney pier where I am almost daily on my walk... and I am not there,

[11:31] {cipher} IBM L.02

[11:31] {nemo} should invite Les for a swim

01[11:31] {Threei}  lol

[11:32] {cipher} out IBM .13 +.11

[11:33] {dino} dlx sm s .70

[12:00] {backman} out CAT 1:1....anybody ever think about doing this 4 a living :=)

01[12:00] {Threei}  hmmm... interesting concept

[12:01] {dino} lol

01[12:01] {Threei} Short Setup: C  .80 break

[12:05] {cipher} AMBA L .85

01[12:07] {Threei}  Royal Bank of Canada went from the most respected to most despised within 24 hours

01[12:07] {Threei}  boycott, closing of accounts, online fury

[12:08] {dino} ?

01[12:09] {Threei}  apparently they closed about 45 positions in IT, hiring foreign workers instead

01[12:09] {Threei}  one of the fired went public

01[12:10] {Threei}  explosion of the outrage is hard to comprehend

01[12:12] {Threei}  facebook page "boycott rbc" went from scratch to 3117 likes in one day

[12:13] {cipher} IBM L .02

01[12:13] {Threei}  RY is the symbol

[12:13] {cipher} finnies trying to bounce

01[12:24] {Threei}  volume 19% NYSE and 29% NASDAQ below 3-months average

01[12:25] {Threei} Short Setup: HPQ  .70 break

01[12:26] {Threei}  now, significance wise it's a halt of the century: MNGA is halt

01[12:26] {Threei}  halted

01[12:26] {Threei}  on a circuit breaker, no less

[12:26] {dino} dlx stop -.36

01[12:26] {Threei}  am I the only one who finds it funny?

[12:27] {dino} .90, yeah, a riot

01[12:27] {Threei}  whew

[12:29] {Will49} sorry...stepped away

[12:29] {Will49} HAHAHA

01[12:29] {Threei}  sigh

[12:30] {Will49} is that sigh for C?

01[12:31] {Threei}  nah, C is merely invalidated

[12:31] {Will49} so why the big sigh?

01[12:31] {Threei}  just felt like a sigh moment

[12:32] {Will49} you're allowed

01[12:32] {Threei}  yup, it's a free country after all, right?

01[12:32] {Threei}  after decades of not being able to sigh freely, feels like such a relief

[12:35] {Will49} yes, that's one of our shrinking number of freedoms

[12:36] {ese} am outta here......cya tomorrow....to many things to get ready for if Les is going to meet me in Denmark this week............eh eh eh eh

[12:36] {Will49} be good ese

01[12:36] {Threei}  take care ese

[12:36] {ese} cya will

[12:36] {ese} vad

[12:59] {Will49} would tightening stop to .76 make sense in view of clamping BB's?

[12:59] {Will49} HPQ

01[13:00] {Threei}  increases chance of a shakeout...

01[13:00] {Threei}  if it retests the low from here, then yes

[13:00] {Will49} ok

[13:01] {dino} boil drop

[13:05] {cipher} BOIL +.27 thx dino

[13:07] {dino} gj, where'd you hit it/

[13:07] {dino} ?

[13:09] {cipher} out IBM .27 +.25

[13:10] {cipher} dino  in .09 out .36

[13:10] {cipher} on the first drop

[13:14] {Les} GDX .60 short holding .70{'

[13:14] {Les} ?

[13:14] {Les} maybe not yet

[13:14] {dino} thx cipher, was trying to figure out entry on it

[13:16] {cipher} np

01[13:16] {Threei}  U'd try it Les

01[13:16] {Threei}  I

[13:16] {Les} you'll try it for me?

[13:16] {Les} and share profits?

[13:16] {Les} take losses yourselfr?

01[13:16] {Threei}  nope

[13:17] {Les} socialism's a bitch

01[13:17] {Threei}  I'll try it for myself, you for yourself... and if you want privatized priofits and socialized losses, apply to Obama {G}

[13:17] {Les} :)

[13:18] {cipher} missed boil damn

[13:31] {nemo} grind up in progress

[13:33] {nemo} we're just walking up the trends from Friday

[13:35] {Les} C not showing the enthusiasm of Friday, but might oblige longs here at 43

[13:36] {Les} nah bollinger bands are tighter than a virgin bunny here

[13:36] {nemo} interesting analogy...don't you mean a wombat?

[13:36] {Les} thinking of you

[13:37] {nemo} yeah, that's what worries me

[13:37] {Les} hehehe

[13:38] {nemo} o.k. if they want to keep going higher, they need a little flush here

[13:44] {dino} elli l .20

01[13:44] {Threei}  HPQ no worky

01[13:44] {Threei}  GDX looks good though

[13:45] {Will49} gawd...that HPQ was a painfully long short

01[13:45] {Threei}  lol

[13:50] {Les} hpq vwap resistance .84

01[13:53] {Threei}  random drifting

[14:04] {Les} cutting GDX +.01 dinner

[14:48] {Les} interesting xlp and xly both at round numbers

[14:51] {dino} atk jump

[15:14] {Les} jpm sm. long .27

[15:14] {Les} stop under .20

[15:18] {Les} stop +.01 outta here

[15:18] {Les} this is more brain deadening than listening to Nemo

[15:18] {Les} c u's tomorrow

[15:19] {Les} maybe turnaround tuesday

01[15:19] {Threei}  take care les

[15:19] {jdetente} take it easy Les

01[15:20] {Threei}  Will... remember you once asked whether it's possible to detect low volume narrow day early and adjust accordingly

01[15:20] {Threei}  today we did just that

[15:20] {Will49} yes

[15:21] {Will49} wonder how good an indicator

[15:21] {Will49} looking back in my journal, there were some great days with low volume

01[15:23] {Threei}  dependas on how it's handled

01[15:23] {Threei}  if you push aggressively and try to play breakouts all day long, will be disastrous day

[15:24] {Will49} makes sense

01[15:24] {Threei}  if you grab normal morning profits, then cut down activity anf play ranges, and keep your positions low, take scalps, trail account stop, can be a great day

[15:26] {thomcbell} mtg wowee

01[15:37] {Threei} Short Setup: JPM  .35 break

01[15:37] {Threei}  If holds  .40 

01[15:40] {Threei}  meh

01[15:50] {Threei}  Ok guys, thank you all

01[15:50] {Threei}  have a good evening, see you tomorrow

[15:50] {Will49} peace

[15:59] {dino} out elli .20, flat.

[15:59] {dino} gn all

Nemo's Findings week of 4/7/2013

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

So, we hit a new high for the year on the spy and then dribbled down for the week.  The new claims numbers were less than inspiring on Wednesday and the new jobs on Friday were dismal.  Don't worry, earnings season starts next week...we'll really get a feel for where the economy is going.  Now, does that mean the market will follow....maybe not.  The week that was:

   

For those of you in the home seats, I'm going to restrict the multi-time frame points to the weekly and monthly numbers, as a rule.  They are more significant on a weekly basis and they should de-clutter the charts.  I'll have some freehand lines in their for specific price or trends, like the one you see FAS and SPY dropped below on Friday but then moved above.  Those are long term channel trend lines.  If I see that longer term lines are fairly close to these shorter term lines, then I'll add in text such as "SPP" for "Semesterly Pivot Point".  So, for the week, we touched the Weekly S4 on IWM, which doesn't happen that often.  SPY didn't even get to S2, and the finnies touched the S3 for the week.  Now, this is the second week in a row that the indexes have finished below there weekly pivots, but as I stated, the SPY hit a new yearly high on Tuesday, so we're still well within "tinkling" distance.  Look at these dailies:

Notice the last two days are lower but we always powered from the lows to finish higher with FAS and SPY above their 50 day, and IWM closing on it, with the IWM the only one testing the first major fib. level off the November bottom.  Nothing to be specifically concerned about yet...again, my broken record...earnings season playing out into May....well unless we get bombed into the Stone Age by Kim Jong Un (asshole).  Having said that it seems that many think, and these are people of keen intellect, that much is weakening under the surface...anyway, the week that is:

 O.K, so that's it on the trading specific stuff for this week...be careful of trading bias ;-)

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Heading for a Spring Swoon

- Global markets took a turn for the worse this week. In the US, the March employment report was disappointing, the March ISM Manufacturing index hit its lowest level since December and the weekly initial jobless claims pushed out to a four-month high. Last Thursday the S&P500 took out its all-time closing high but this week the index was unable to take out its intraday high of 1,576.09 from back in October 2007. The brace of soft economic data inspired talk of a "Spring swoon" in Q2 following the relatively decent first quarter, similar to scenarios seen in 2011 and 2012. Overseas central bank decisions and geopolitical storms dominated. Japan was about the only bright spot after the BoJ rolled out an aggressive new monetary policy strategy aimed at driving a stake through deflation and ending the two-decade long slump. Note that the Nikkei closed out the week not far off recent five-year highs. The ECB, BoE and the Australia's RBA left rates on hold and took no special action in their respective decisions. North Korea got plenty of attention for "authorizing" nuclear strikes on the US and making other provocative moves. In China, a new strain of bird flu (H7N9) emerged in Hong Kong and Shanghai, proving fatal for about half of the dozen people who were infected. For the week, the DJIA slipped 0.1%, the S&P 500 fell 1.0% and the Nasdaq dropped 1.9%.

- Markets were satisfied with the BoJ's aggressive new qualitative and quantitative monetary policy plans. The total new monthly size of asset purchases was increased to ¥7T from ¥3.8T. The board adopted "monetary base control" by unanimous vote - intending to conduct money market operations so the monetary base will rise at annual pace of ¥60-70. The BoJ also underscored its commitment to a time horizon of two years to achieve its new 2% CPI target. As speculated, the BoJ also terminated the Asset Purchase Program, with the purchase of JGBs for money market operations to be absorbed into new program. Lastly, BOJ voted to temporarily suspend bank note rule, potentially sparking scrutiny into its intent of monetizing government debt.

- The March US jobs report saw non-farm payrolls of only +88K versus expectations of +190K, and private payrolls were +95K versus expectations of +200K. The non-farm payrolls number was the lowest since July 2012. The unemployment rate fell to lows last seen in December 2008, although most of the decline was due to labor force shrinkage. The labor force participation rate fell to 63.3%, the lowest level since 1979. After the data, Goldman Sachs Chief Economist Jan Hatzius said markets should not expect to hear much about QE tapering for a while.

- Natural gas futures pushed out to one-year highs on Friday, closing out the week around $4.13. Thursday's EIA weekly stockpiles data showed inventory below the five-year average level for the first time in 19 months, a major shift for a market that has been burdened with oversupply for years. Goldman Sachs said demand is growing at the same time that US production is holding steady and forecasted prices of around $4.50 in the second half of 2013.

- Leading US refining names fell 10-15% early this week after the EPA proposed new rules to reduce sulfur emissions from cars and trucks. The EPA's so-called Tier 3 standards would demand lower pollutant emissions and higher automobile fuel efficiencies. Analysts have piled on with negative comments, noting that compliance will require new capital costs for the refiners, although its worth pointing out that the proposed regulations will not take effect until 2017.

- The Centers for Medicare and Medicaid Services (CMS) changed course and stated that there will not be benefit cuts or premium hikes next year and that the fee for service percentage would climb more than 3%. Back in mid-February, CMS published preliminary 2014 reimbursement rates suggesting that the amount it pays per person for the popular coverage could fall more than 2% in 2014. Share of leading healthcare firms gained on Tuesday morning after the announcement.

- EUR/USD remained stuck below its 200-day moving average of 1.2880 until Thursday morning. The pair tested 4-month lows during the ECB press conference as Draghi struck a dovish tone and once again pledged to maintain accommodative policy for as long as needed. As the conference drew to a close around 09:30ET, traders sent EUR/USD up two big figures from weekly lows around 1.2750 to test as high as 1.2948.

- USD/JPY hit one-month lows around 92.50 ahead of the big BoJ policy meeting on fears that Kuroda would under deliver. The yen softened up nicely following the announcements early on Thursday morning. USD/JPY bounced higher after the decision, from just below 93 to top out above 97. There was a dip on Friday, but after the US jobs report USD/JPY was right back around 97.15. AUD/JPY is hovering right above 100, up from the 97 handle before the announcement.

- USD/CNY tested below the 6.20 level for fresh 19-year highs this week. The move followed the PBoC's guidance for its daily central parity rate. Dealers said that the PBOC's recent moves implied that China's new leadership might favor a faster pace of yuan appreciation to boost flexibility under the capital account.

TradeTheNews

Apr 5 2013

Profitable end to profitable week. Started with two opening shorts in SLW and GDX nailing the top exactly in both, continued on a positive side with some back and forth, and ended the week with 5 winning days. Nothing to complain about going into weekend.

 Session Time: Fri Apr 05 00:00:00 2013
[08:39] {nemo} Your kinda
[08:39] {nemo} day
[08:39] {nemo} VadER
[08:42] {Les} and the trap door closes
[08:46] {Les} oh come on wake up ya yank bums I wanna trade!!!!!!
01[08:50] {Threei}  why are we screaming, yelling and generally misbehaving?
[08:51] {nemo} who's yelling?
[08:52] {Les} smell blood
[08:53] {Les} good morning
01[08:53] {Threei}  hi
[08:53] {nemo} frickin' rabbit can't make up her mind.  Up down...back and forth
[08:56] {nemo} well bad news was sold
01[08:57] {Threei}  yes... but Euro is strong
[08:57] {nemo} that can't last
01[08:57] {Threei}  so it's a pull and push so far
[09:12] {thomcbell} FB had a very strong day yest on volume - probably should be on long watch
[09:12] {nemo} FFIV
01[09:13] {Threei}  my favorite beating targets react positively
01[09:13] {Threei}  PMs and miners
01[09:14] {Threei}  that's weird actually
01[09:14] {Threei}  they used to drop with US troubles, and rise in response to European ones
[09:20] {dino} gm
[09:21] {Will49} gm
01[09:21] {Threei}  dino, will :)
[09:21] {nemo} no pomo today
[09:22] {nemo} but according to the schedule there is
[09:22] {nemo} weird
[09:25] {Alexs} good morning
01[09:25] {Threei}  alex :)
[09:25] {dino} surprised you guys can see me. have on my camo baseball hat to keep sun out of eyes
01[09:25] {Threei}  we can't... we guessed
[09:28] {Les} I have infrared sensor app built in to Mirc for such occassions Dino
[09:28] {cipher} gm
01[09:28] {Threei}  cipher :)
[09:29] {nemo} I sent a remote micro-drone to dino's office
[09:29] {Les} trading with the sun in yer eyes, that's a bitch
[09:29] {nemo} having to actually look at you Les is worse
[09:29] {Les} must be Friday
[09:30] {Les} Nemo's in premarket kill mode
[09:31] {_doublertrading} Hey all
01[09:31] {Threei}  doubler :)
[09:31] {_doublertrading} Nice comeback yest Vad
[09:31] {Les} watching BBY again
[09:31] {thomcbell} lvs
[09:32] {thomcbell} wowza
[09:32] {backman} FB 1;1
01[09:33] {Threei} Short Setup: GDX  .90 break
01[09:33] {Threei}  If holds  36
[09:36] {thomcbell} shocking that pdce gapped up like it did
01[09:39] {Threei}  1:1
01[09:39] {Threei} Short Setup: SLW  .40 break
01[09:40] {Threei}  If holds  .50  of course
01[09:40] {Threei}  GDX 1:2
[09:40] {backman} ty
01[09:40] {Threei}  yw
[09:41] {_doublertrading} Clear and concise Vad, ty
01[09:41] {Threei}  SLW 1:1
01[09:41] {Threei}  Even a blind pig gets a kernel of corn now and again
[09:41] {Les} smells it
[09:41] {Will49} Tks Vad on GDX
01[09:41] {Threei}  blood in the water? always
01[09:41] {Threei}  yw guys
[09:41] {_doublertrading} Meow
01[09:42] {Threei}  SLW 1:2
01[09:42] {Threei}  and GDX 1:3, closed both
01[09:42] {Threei}  can I go home?
[09:42] {Les} sure
[09:42] {_doublertrading} Sure catch you monday :)
[09:42] {_doublertrading} Haha
[09:43] {_doublertrading} Do you finish early on fridays Vad?
01[09:43] {Threei}  hmmm... U can't get away that easy, can I?? :)
[09:43] {Les} we'll let ya into the vodka already, but stay close to screen please
01[09:43] {Threei}  well, not THAT early :)
[09:43] {_doublertrading} We demand a couple more wins before you jet off and have some Vodka Vad
[09:43] {_doublertrading} ;)
[09:43] {dino} suppose these jobs numbers are bush's fault
01[09:43] {Threei}  GDX too soon
01[09:43] {Threei}  1:4 on radar
[09:46] {Les} missed on BBY made pennies when .90/25 was the kill zone
[09:49] {thomcbell} gnw on long watch here
[09:49] {thomcbell} mtg had a heck of a bounce
[09:51] {dino} cavm sm l .02
[09:52] {backman} BBY 1:1....vad, thanx for consult :=)
[09:53] {Les} setup was what?
[09:53] {Les} whatchya take?
01[09:53] {Threei}  hmm... did I say anything about it?? :)
01[09:53] {Threei}  I'll take credit of course :)
[09:53] {backman} no....i just closed my eyes and genuflected
01[09:53] {Threei}  ahhh!
[09:54] {Les} .45 is support area from yesterday. trying here new setup
[09:54] {dino} ffiv sm l .16
[09:55] {backman} GDX big bounce
01[09:55] {Threei}  yeah, and both jumped with no setup
01[09:55] {Threei}  I even started typing "time to look for reversal"
[09:56] {Les} was guessing for support, but not willing to take without right setup
01[09:56] {Threei}  when GDX and SLS permormed teleportation by 12-15 cents
01[09:56] {Threei}  SLW that was
[09:57] {backman} FB?
01[09:57] {Threei}  looks short to me
01[09:57] {Threei}  .80 break
[09:57] {dino} htwr sm l .84
[09:57] {dino} wide
[09:58] {dino} ffiv stop .80 -.36
[09:59] {dino} out htwr .60, +.76
01[09:59] {Threei}  nope
[10:00] {Les} gdx .84?
[10:00] {Les} holding .95?
[10:00] {Les} never mind
[10:00] {dino} out cavm .40, +.38
[10:01] {thomcbell} where is cipher - this is his tape
[10:01] {thomcbell} dino cipher
[10:01] {dino} htwr drop
[10:01] {thomcbell} two nice ones there dino
[10:02] {dino} ffiv rinsed
[10:02] {cipher} here
[10:02] {dino} ty tbell, lucky, things are pulp
[10:02] {cipher} busy trading :)
[10:02] {thomcbell} that a boy
[10:03] {dino} wtf htwr, spiked a buck
[10:04] {cipher} ADP L .40
[10:05] {dino} htwr sm l .73 ave
[10:05] {dino} out htwr .29, +.56
[10:06] {dino} that thing is definition of pulp
[10:08] {nemo} range check coming
[10:08] {dino} cavm sm l .93
[10:11] {thomcbell} FB grrr
01[10:12] {Threei} Long Setup:  C  .10 break
01[10:12] {Threei}  If holds  42
[10:14] {cipher} MELI L .11
[10:14] {nemo} jcp
[10:15] {cipher} out MELI .02 -.09
01[10:20] {Threei}  stop to .04
[10:20] {cipher} CME L .75
01[10:20] {Threei}  1:1
[10:20] {cipher} ADP stopped .44 +.03
[10:22] {nemo} gmcr
[10:23] {thomcbell} nice C - Vadim
[10:23] {dino} out cavm .29, +.36
[10:23] {thomcbell} good stuff Dino
01[10:23] {Threei}  :)
[10:23] {cipher} CME stopped +.04
[10:23] {dino} ty tbell. unfortunately have to leve for 30 minutes or so
01[10:24] {Threei}  hey guys, remember jf?
01[10:24] {Threei}  jf44
01[10:24] {Threei}  or close to that
[10:25] {thomcbell} long setup wdc - 49.10 break if holding 49
01[10:25] {Threei}  jfjf64... found exact nick :)
01[10:25] {Threei}  says hi and should be back soon, finished whatever assignments he had
[10:27] {thomcbell} wdc 1:1
[10:28] {thomcbell} that was all she had wdc 1:1
[10:29] {thomcbell} rinse and run
[10:29] {thomcbell} piece of garbage
[10:30] {thomcbell} oh come on Vad
01[10:30] {Threei}  ?
[10:30] {thomcbell} wdc
[10:31] {thomcbell} hit 1:1 - rinsed second half and then bolted
01[10:31] {Threei}  did I miss something? :)
01[10:32] {Threei}  I can't tell by that bar at 10:28... did it hit .20 and then .08?
[10:33] {Les} BBY testing VWAP resistance here
[10:33] {thomcbell} yes - fortunately i didnt use a hard stop on the entire second half - so got 0.30 cents on 1/4 of the position
[10:34] {cipher} GMCR S .96
01[10:34] {Threei}  nice
[10:34] {thomcbell} lvs looks like a 51.72 long break 1/2 lot
[10:35] {thomcbell} id rather buy a rinse though
[10:35] {cipher} NTWK L .46
[10:35] {cipher} cov GMCR .85 +.11
[10:36] {backman} l gdx .33
[10:36] {nemo} chkp
[10:37] {Les} 2 way play chkp?
[10:37] {nemo} cat
[10:39] {backman} out 1:1
01[10:39] {Threei}  no read on CHKP
[10:45] {thomcbell} wow wdc
[10:46] {thomcbell} and FB
[10:48] {Les} watching SLW as it drifts lower to 29 here
[10:49] {Les} VAd SLW 29 short holding .10?
01[10:49] {Threei}  just a min more of consolidation and yes
[10:52] {nemo} looks like they want to get spy to the weekly pivot at .62
[10:52] {cipher} GMCR L .91
01[10:53] {Threei}  SLW looks so very ready
01[10:53] {Threei}  GDX too btw
01[10:53] {Threei}  setup is obvious
[10:53] {cipher} out GMCR  .09 +.18
[10:55] {thomcbell} slw pivot 28.76 a good target
[10:55] {Les} fb
[10:56] {Les} .54? short
[10:57] {Les} stop .65{'
[10:57] {Les} ?
01[10:57] {Threei}  don't see any setup there
[10:57] {Les} k
[11:04] {nemo} BTFD!!!
[11:08] {Les} go buy it yerself douchebag
[11:08] {Les} partial SLW
01[11:08] {Threei}  1:1
[11:08] {Will49} yes, 1/2 out tks Les
01[11:10] {Threei}  GDX 1:1 as well
01[11:10] {Threei}  this is too easy... I need new profession. Training tigers?
[11:11] {Les} uh oh
[11:11] {nemo} training your wife
[11:11] {Les} ego alert
[11:11] {dino} .
[11:11] {Les} gonna put a hex on us
[11:11] {nemo} iwm might close the gap
01[11:13] {Threei}  SLW 1:2, out
[11:13] {thomcbell} well lvs got the ridiculous rinse and then pow
01[11:13] {Threei}  GDX 1:2, out
[11:13] {nemo} lost track of chkp
[11:13] {Will49} Tks again Les
06[11:14] * Les takes a bow and thanks VAd's practised eye
[11:14] {Will49} yes. assist to you Vad
06[11:15] * Threei thinks of something witty and caustic to say, can't comeup with anything, shrugs and falls asleep
[11:15] {Will49} LOL
[11:15] {backman} thnx GDX ...have a good wknd
01[11:16] {Threei}  take care backman
[11:16] {Les} hehehe
01[11:17] {Threei}  loonie is a thing of beauty today
[11:17] {Les} I'm admiring the yen
[11:17] {Les} full steam ahead titanic
[11:23] {Les} sm FB short .68
[11:23] {thomcbell} wprt - nice job - look at that pivot bounce to the penny
[11:23] {thomcbell} i mean slw
[11:23] {nemo} next leg up
[11:26] {Les} cover half fb .60
[11:28] {Les} FB covered .60
01[11:30] {Threei} Long Setup:  GDX  35 break
01[11:32] {Threei}  Invalidated
01[11:32] {Threei}  poor goldbugs... no break
01[11:35] {Threei}  - The March jobs report is very poor by any analysis. Non-farm payrolls added only 88K, its worst showing since last July. By far the ugliest component of the report was retail jobs, which plunged by 24K. Analysts say the latter component is due to the impact of the payroll tax increase.
01[11:35] {Threei}  where is ese.. I want to hear his thoughts on great recovery
[11:35] {Les} suck crap and die washington
01[11:36] {Threei}  The unemployment rate fell to lows last seen in December 2008, although most of the decline was due to labor force shrinkage. The labor force participation rate fell to 63.3%, the lowest level since 1979.
[11:42] {Will49} Xie, Xie for all the jobs USA
01[12:00] {Threei}  lol
01[12:00] {Threei}  pathologists state that human inner beauty is greatly exaggerated
[12:00] {Les} :)
01[12:07] {Threei} Long Setup:  FB  .55 break
[12:16] {cipher} SINA L .64
[12:16] {thomcbell} after some consolidation we may get a lvs short entry
[12:17] {thomcbell} on 52 break
[12:17] {cipher} out SINA .87 +.23
[12:18] {Les} BBY tryign to break resistance
[12:21] {Les} FB short vad?
[12:21] {Les} break of .45
01[12:21] {Threei}  probably
01[12:22] {Threei}  still feels like long is better odds
[12:22] {cipher} good call on BBY Les
[12:22] {Les} yeh grabbed two scalps short and left it as energy died off. can't see much now
[12:23] {Les} might reverse here BBY but has trendline support so not touching yet
[12:23] {thomcbell} now its tradeable 51.98 break if holding 52.08
[12:23] {thomcbell} lvs
[12:24] {thomcbell} it would be a c&h failure
[12:27] {thomcbell} im cancelling the idea
[12:28] {thomcbell} lvs nothing working
[12:29] {Les} 3 min bb's are strangling it tbell. New move coming soon
[12:29] {thomcbell} looks 2 sided
[12:30] {Les} FB no longer a squeeze candidate
[12:31] {nemo} your head is
[12:32] {Les} LOL
[12:32] {Les} not bad not bad
01[12:33] {Threei}  you are too kind les
01[12:33] {Threei}  I found it below par for nemo
01[12:33] {Threei}  I expect much more sophisticated insults from him
[12:34] {Les} friday, I'm tired.. and he got a chuckle out of me. works
[12:35] {nemo} It was right there Vad...besides nothing will come out anyway
[12:35] {nemo} except for air
03[12:35] * Looking up cc_8 user info...
[12:35] {nemo} cat
[12:36] {nemo} too fast above .80
[12:37] {cipher} SINA L .02
[12:42] {cipher} GMCR  L .82
[12:51] {cipher} SINA stopped .05 +.03
[12:52] {cipher} out GMCR .91 +..09
01[12:54] {Threei} Short Setup: GDX  .30 break
01[12:55] {Threei}  If holds  .40
01[12:55] {Threei}  yikes
[12:57] {cipher} conn s .00
[12:58] {cipher} stopped .97 +.03
[13:02] {Les} fb vwap here
[13:02] {Les} short .30?
01[13:02] {Threei}  nah
01[13:02] {Threei}  sharp drop into support
[13:02] {Les} k
01[13:02] {Threei}  no consolidation
01[13:05] {Threei} Short Setup: LVS  52 break
[13:05] {Les} haha
[13:05] {Les} beat me to it
01[13:05] {Threei}  tbell's idea from earlier
[13:05] {Les} true
01[13:05] {Threei}  formed setup again
06[13:12] * Threei hits LVS over the head with 2x4
01[13:17] {Threei}  Invalidated
01[13:17] {Threei}  but on watch
01[13:17] {Threei}  it's one of those on again, off again
[13:18] {nemo} iwm gonna fill gap
[13:18] {nemo} this rally far from over
01[13:21] {Threei}  I think so
01[13:21] {Threei}  everyone and their brother expect correction
[13:21] {nemo} consolidating before earnings
[13:21] {nemo} when everyone expects it, it doesn't happen
01[13:21] {Threei}  eqzaktly
[13:22] {nemo} indubitably
[13:24] {Les} damn dt's on the miners
[13:28] {Les} FB short .30?
[13:28] {Les} holding .40?
01[13:29] {Threei}  chart looks right
01[13:29] {Threei}  but so did GDX's
01[13:29] {Threei}  how about this:
01[13:29] {Threei}  yes but hl, oir of respect for Fri aftrenoon listlessness
[13:29] {Les} yeh vwap might serve as new launching platform long
01[13:29] {Threei}  out
[13:29] {_doublertrading} Bye all, have a great weekend, off to have some drinks :)
[13:30] {Les} cheers man
01[13:30] {Threei}  take care doubler
[13:30] {_doublertrading} Cheers all
[13:30] {_doublertrading} Cya
[13:30] {dino} enjoy doubler
[13:30] {Will49} bye
[13:33] {Les} watching if GDX can set up potential cup and handle with .50 trigger
[13:39] {cipher} FFIV L .00
[13:41] {cipher} out .20
[13:48] {dino} gj
[13:48] {dino} ok, back to work
[13:51] {thomcbell} kors could be a short setup here after some digestion
[13:51] {thomcbell} congestion
[13:52] {dino} ffiv sm l .81
01[13:55] {Threei} Short Setup: GLD  .50 break hl
01[13:58] {Threei}  needless to say, invalidated
[14:09] {Les} FB half covered .21
[14:09] {dino} out ffiv .24, +.43
01[14:13] {Threei}  nice one FB
[14:15] {Les} FB fully covered .22
[14:16] {dino} gj
[14:16] {Les} making dinner and my bid at .10 wasn't even close
[14:16] {Les} ty
[14:27] {dino} alk banging pivot
01[14:28] {Threei}  is it concentual?
[14:28] {Will49} lol
[14:35] {dino} lol
[14:35] {dino} damn dial-up
[14:42] {thomcbell} market is pretty impressive
[14:44] {dino} indeed
[14:44] {nemo} employment report means Bennie keeps pedal to the metal
[14:44] {nemo} market happy
[14:45] {dino} print print print
[14:46] {dino} we scewed up nemo. we should have been sorting fxy after weekend announcement by boj
[14:46] {dino} shorting
[14:46] {nemo} what etf can do that?
[14:47] {nemo} oh cool
[14:47] {dino} fxy yen/$
[14:47] {nemo} yep
[14:47] {Les} there be currency war
[14:48] {nemo} knew it, spy gonna' go for the 155 stops me thinks
[14:48] {Les} c
[14:49] {nemo} fxy doesn't do much volume
[14:49] {dino} too me its rockin' volume
[14:50] {nemo} I understand, go back under your hat
[14:50] {dino} :)
[14:50] {dino} les, regarding currency war, thats what the euro countries need. the ability to print/de-value, etc. they are f#cked w/o it
[14:51] {Les} sure dino
[14:51] {Les} but three way horse race
[14:51] {Les} DT C?
[14:51] {Les} volume spike 1 and 2
[14:51] {nemo} not really Les...you have a Euro cluster party
[14:51] {dino} dk, too thick for my edge
[14:52] {nemo} too many differing cultures, they'll all screw with their budgets
[14:52] {Les} 3 way race
[14:52] {Les} yen
[14:52] {Les} dollar
[14:52] {Les} euro
[14:52] {nemo} Euro is going to die
[14:52] {Les} and Euro bankers tied one hand behind back by politicians
[14:53] {Les} t'will be interesting regardless of outcomes
01[14:53] {Threei}  Euro is like a good zombie - yes, it's going to die but first it will kill as many as it can
[14:53] {nemo} 3:00 clock numbers
[14:54] {dino} 1st euro country to bail is best one left standing. germany should go first
[14:55] {dino} reminds me of the customs joke
[14:55] {Les} would be doing everyone a favour
[14:55] {Les} Europeans hate Germans again
[14:56] {dino} merkel arrives in greece. customs asks "occupation?" she replies, "in about two weeks."
[14:56] {Will49} lol
[14:56] {nemo} dino made a funny (faint)
[14:56] {dino} htwr vsm l .55
01[14:58] {Threei}  I know variation
01[14:58] {Threei}  custom: nationaly?
[14:58] {nemo} yeah, Reagan
01[14:58] {Threei}  merkkel: german
01[14:58] {Threei}  custom: occupation?
01[14:58] {Threei}  merkel: no, just visiting
[14:59] {Will49} :)
[14:59] {dino} this country needs reagan nemo
01[15:00] {Threei}  *(US) FEB CONSUMER CREDIT: $18.14B V +$15.0BE
[15:00] {nemo} bad news was bought after bottoming and this would be considered good news?
[15:01] {dino} we dropped
[15:04] {Les} LoL Dino funny
[15:05] {nemo} transports are funny
[15:05] {nemo} gone positive
[15:10] {thomcbell} fb long setup 27.40 break if holding 27.30
[15:11] {thomcbell} really if 27.28
[15:11] {thomcbell} very nice volume again
[15:12] {Will49} wow
01[15:21] {Threei} Short Setup: C  .70 break
01[15:21] {Threei}  If holds  .80
[15:24] {dino} out htwr .49, -.06. bus stop time
[15:31] {Les} C squeezing good today
[15:37] {thomcbell} lvs i want to start clapping
[15:37] {thomcbell} you did it kid
01[15:38] {Threei}  hehe
[15:39] {thomcbell} bowties in boston want to bring this market green
[15:42] {nemo} popped the 155 stops
[15:44] {nemo} finnies hit yesterday's pivot
01[15:48] {Threei}  quite impressive resilience
[15:48] {dino} dumb move, should've hard stopped htwr and let it trade
01[15:48] {Threei}  assumption that BTFD is still in effect is still in effect
[15:48] {dino} what is btfd
[15:48] {nemo} earnings start next
[15:48] {nemo} week
[15:48] {nemo} BUY THE FUCKING DIP
01[15:48] {Threei}  buy the f***g dip :)
[15:48] {nemo} janitor
01[15:49] {Threei}  miners are still in deep doodoo
01[15:49] {Threei}  gold at least showed some will to live
01[15:50] {Threei}  unlike silver
[15:50] {nemo} doodoo=shit
01[15:50] {Threei}  thanks for the translation
[15:50] {nemo} np and Pisdah means...
01[15:50] {Threei}  sigh... who teaches hom russian...
01[15:50] {Threei}  him
[15:51] {nemo} mon frere!
[15:54] {Will49} enjoy your weekend mes amis
01[15:54] {Threei}  thank you all
01[15:54] {Threei}  have a great weekend
[15:54] {Les} CHEERS
01[15:54] {Threei}  see you Monday
[15:57] {thomcbell} flattening fb at break even
[15:57] {thomcbell} duh
[15:59] {nemo} can iwm close positive
[15:59] {nemo} ?
[15:59] {thomcbell} aapl looks terrible
[16:00] {Alexs} have a good weekend
[16:00] {thomcbell} good weekend all

Apr 4 2013

Inverted Cup and Handle, aggressive entry as handle started turning back down. 1:3

Other than that, decent day albeit a bit boring.


Session Time: Thu Apr 04 00:00:00 2013
[09:04] {dino} gm
01[09:04] {Threei}  dino :)
[09:09] {Les} morning
01[09:09] {Threei}  les :)
[09:10] {_doublertrading} Morning all
01[09:10] {Threei}  d\oubler :)
[09:10] {cipher} gm
[09:14] {Les} Uncle Buck welcoming European investors with open arms I see
01[09:14] {Threei}  cipher :)
[09:20] {Will49} gm
01[09:21] {Threei}  will :)
[09:22] {thomcbell} gm all
01[09:23] {Threei}  tbell :)
[09:23] {jdetente} gm
01[09:23] {Threei}  jd :)
[09:24] {Alexs} gm
01[09:24] {Threei}  akex :)
01[09:25] {Threei}  to relax before action starts, spend couple minutes here: http://photography.realitytrader.com/2013/04/spring-unleashed.html
[09:27] {Will49} Beautiful Vad, we do live in paradise
01[09:27] {Threei}  we so do
[09:27] {nemo} shhhhh...Les might hear you and want to move there
01[09:27] {Threei}  so keep machine gun ready
01[09:28] {Threei}  paradises need strong defenses :)
[09:28] {Les} already filing the paperwork Nemo
[09:29] {thomcbell} good camera stuff and other advice
[09:29] {thomcbell} Vad
01[09:29] {Threei}  :)
01[09:31] {Threei} Short Setup: GDX  34 break
01[09:31] {Threei}  If holds  .10
[09:31] {dino} vrx drop again
01[09:31] {Threei}  yeah right
01[09:31] {Threei}  good luck getting that
[09:31] {Les} good wasn't only me
[09:32] {Will49} misery loves company Les
[09:33] {ese} ahhhhhh   am in.....good morning
01[09:33] {Threei}  ese :)
01[09:33] {Threei}  why wouldn't you be
[09:34] {ese} it kicked me out
01[09:34] {Threei} Short Setup: SLW  .10 break
01[09:34] {Threei}  know why?
01[09:34] {Threei}  look here:
01[09:34] {Threei}  09:28] * morning has joined #discussions
01[09:34] {Threei}  -----------
01[09:34] {Threei}  [09:28] * morning was kicked by ChanServ (You are not permitted to be on this channel.)
[09:34] {ese} accidentally signed in with good morning and it kicked me out
01[09:34] {Threei}  :)
01[09:34] {Threei}  If holds  .20
[09:34] {nemo} cool it worked
01[09:34] {Threei}  frikin GDX!
01[09:36] {Threei}  seriously got away... especially considering we hunted this same break yesterday at the end of the day too
[09:36] {Les} grabbed half short on break of .90 half covered
01[09:37] {Threei}  Invalidated  SLW
[09:37] {thomcbell} vlo nasty bounce
[09:37] {Les} cover 2h gdx lfat
[09:38] {Les} lol SLW
[09:38] {thomcbell} lvs 4th day down approaching 50sma
[09:38] {nemo} think faz long above 50 might start looking good or fas above .05
01[09:39] {Threei} Short Setup: LNC  .75 break hl
[09:39] {thomcbell} 52.81
01[09:39] {Threei}  If holds  .85
[09:39] {dino} vrx sm l .10
[09:40] {ese} L abt .60
[09:40] {dino} wgo sm l .70
[09:42] {dino} yen big drop, fyx
[09:42] {dino} fxy
[09:43] {ese} abt 1/2 .73 +.13
[09:44] {dino} out vrx .50, +.40
01[09:44] {Threei} Short Setup: GDX  .80 break
01[09:44] {Threei}  If holds  .90
[09:46] {dino} bidu sm l .54
01[09:48] {Threei}  Invalidated  GDX
01[09:51] {Threei} Long Setup:  FB  .50 break
01[09:51] {Threei}  If holds  .40
[09:52] {ese} abt out full .81 +.21 balance
[09:53] {Les} nice job ese
01[09:56] {Threei}  no go FB
01[09:56] {Threei}  sudden rug pull
[09:57] {dino} bidu stop .24 -.30
[09:57] {ese} tks les
[09:58] {thomcbell} a retrace down to the pivot would be nice for FB for trade into the meeting this afternoon
01[09:59] {Threei} Short Setup: LVS  .10 break hl
01[09:59] {Threei}  If holds  .20
[09:59] {dino} fu bidu
01[10:00] {Threei}  Invalidated
[10:00] {nemo} that was the pullback onward with the rally
[10:00] {dino} elli sm l .96
[10:01] {dino} i think you are right nemo
[10:01] {dino} buy the dips
01[10:01] {Threei}  most likely, yes
[10:02] {nemo} the bottom yesterday on spy was 23.6% retracement of most recent up leg
01[10:02] {Threei}  hmmm... why didn't we view LVS as two-sided
[10:02] {nemo} your negative bias...queue cat please
01[10:03] {Threei}  to be called negative by nemo...
[10:03] {thomcbell} i almost spoke up - on the lvs - i was looking for a long entry using usu. setups and i couldnt quite pull the trigger on that 53.20 break
[10:03] {nemo} sure...open your own room then
01[10:04] {Threei}  LNC 1:1
01[10:04] {Threei}  took its sweet time
01[10:10] {Threei} Long Setup:  CAT  .10 break
01[10:10] {Threei}  If holds  84
[10:10] {nemo} two way
[10:11] {cipher} call l.20
[10:13] {nemo} Mon looks interesting short here
[10:14] {cipher} MDCO S .14
[10:19] {dino} tdc sm l .63
[10:20] {dino} gbx
[10:21] {cipher} out CALL .15 -.05
[10:24] {Les} missed the 2nd top on MON for a setup by .10 good call
[10:25] {thomcbell} fb now look for some sort of a db entry - may take a bit
01[10:25] {Threei}  LNC 1:2, out
01[10:25] {Threei}  whew, this one really took a while
[10:26] {dino} out wgo .72, +.02
01[10:26] {Threei}  CAT no go
[10:26] {Les} LNC 1:3
[10:26] {Will49} CAT is having a nap too
[10:26] {Les} speeding up
[10:27] {dino} news?
[10:27] {dino} 50 pt drop in 2 minutes
01[10:27] {Threei}  Reminder: At 10:30ET Fed Bernanke Speaks on Financial and Economic Education Before the 13th Annual Redefining Investment Strategy Education (RISE) Forum in Dayton, Ohio (via pre-recorded video)
01[10:27] {Threei}  maybe pre-Ben
[10:28] {Les} Orwell was before his time
[10:28] {Les} sounds like doublethink, 'redefining investment education'
[10:28] {dino} bidu sm l .18
[10:29] {dino} out bidu .48, +.30
[10:32] {thomcbell} long setup 26.20 braek if holding 26.10
[10:32] {thomcbell} FB
[10:34] {nemo} VRSN might be good short
[10:34] {nemo} below .30 stop .40
[10:34] {nemo} a little thin
[10:35] {dino} lnn sm l .80 thinny
[10:36] {thomcbell} 1:2 target on fb
[10:36] {dino} tdc stop .30, -.33
[10:39] {cipher} cov MDCO .17 -.03
[10:40] {dino} tdc sm l .21
[10:40] {cipher} MDCO L.20
[10:41] {cipher} CALL L .00
[10:42] {thomcbell} fb 1:1
[10:42] {cipher} BMRN L .03
01[10:44] {Threei}  frikin CAT... rinse
[10:44] {cipher} out BMRN .34 +.31
[10:47] {dino} gj
[10:47] {dino} out tdc .49, +.28
[10:49] {dino} out lnn .82, +.02
[10:50] {dino} tdc sm l .98
01[10:52] {Threei}  let me reiterate: frikin CAT
[10:52] {thomcbell} FB stop to 26.25 on balance
[10:52] {cipher} IBM L.10
[10:54] {cipher} out .24
[10:55] {nemo} fcx
[10:57] {thomcbell} out fb
[10:58] {ese} dcc vad when you get a chance
01[11:02] {Threei} Short Setup: BBY  .80 break
01[11:03] {Threei}  If holds  .90
01[11:03] {Threei}  target 1:3
[11:03] {nemo} taking offers big time
[11:08] {dino} pcyc sm l .54
[11:09] {Les} cut risk in half squeeze candidate
01[11:10] {Threei}  no go
[11:10] {dino} bby stop -.11
[11:13] {dino} out pcyc .0399, +.50
[11:13] {dino} hit/miss kind of day
01[11:14] {Threei} Short Setup: BBY  24 break
01[11:14] {Threei}  If holds  .10
[11:15] {nemo} crack stock
01[11:17] {Threei}  stop to .05
01[11:17] {Threei}  sigh
01[11:18] {Threei}  good tightening though
[11:18] {nemo} or lubing as the case may be
[11:25] {Les} GDX flattening out. watching for potential trend reversal
[11:25] {Les} lunch time
[11:27] {nemo} oh good, I can drink
[11:28] {nemo} shorting spy here might not be a bad idea
01[11:29] {Threei}  EUR/USD tested four-month lows below 1.2750 during Draghi's initial remarks, although his vehement assertion that there was no return from the euro at the closing helped push the pair out to session highs around 1.2870.
01[11:29] {Threei}  jawboning by irresponsible idiot who will say anything to save his job
[11:30] {nemo} take some off SPY just above .70
[11:30] {thomcbell} fb bad trail
[11:32] {cipher} QCOR L .90
[11:34] {cipher} out .08
01[11:37] {Threei} Short Setup: GDX  .60 break
[11:38] {nemo} looks bullflaggy
[11:41] {nemo} look for FCX bottom .70-.75
[11:43] {cipher} TNA L .34
[11:43] {thomcbell} very large cup and handle on bbry 1 min
[11:48] {cipher} TNA stopped .39 +.05
[11:49] {cipher} SYNA L .00
[11:52] {dino} beam sm l .35
[11:52] {nemo} NSC
[11:54] {cipher} SYNA stopped .97 -.03
[11:54] {nemo} IWM forming pennant
[11:55] {nemo} QCOR could be short here
[11:55] {dino} ipgp sm l .51
[11:56] {nemo} I was a little late
[11:56] {Les} would like a dt qcor
[11:58] {thomcbell} bby nus
[11:59] {thomcbell} nuts
01[11:59] {Threei}  no kidding, look at this bar on daily
[11:59] {Les} appears to be normal squeeze
[12:00] {Les} dogging this one for reversal setup
[12:01] {Les} FB followed similar routine when I tried early morning short
[12:01] {Les} created some SOP's for it
01[12:03] {Threei}  crap... was trying to find C short entry
[12:05] {Les} so far BBY rising trendline morning. flattens into range support, althogh very briefly here. might wear itself out quicker than EoD. Second rising trendline serving as support. If it fails support here then its weakening
[12:05] {Les} range is opening up
[12:06] {Les} esoteric study but love this shit
01[12:06] {Threei} Short Setup: C  .30 break
01[12:06] {Threei}  If holds  .40
01[12:06] {Threei}  aggressive entry for .20
01[12:07] {Threei}  with target 1:4
[12:08] {Les} 2 way fade?
01[12:08] {Threei}  not to me
[12:08] {Les} k
01[12:08] {Threei}  don't like it long
[12:08] {Les} I see GS FAS lost vwap support earlier
[12:09] {cipher} IBM S.30
[12:09] {dino} cvlt drop
[12:09] {Les} qcor
[12:09] {Les} short .58
[12:09] {Les} stop .70
[12:09] {cipher} cov IBM .20 +.10
[12:10] {Les} cover half .512
[12:10] {Les} .51
[12:11] {Les} BBY
[12:12] {Les} sm short .38
[12:12] {Les} stop .50
[12:12] {Les} migh be early
01[12:12] {Threei} Short Setup: C  .40 break
01[12:12] {Threei}  If holds  .50
[12:13] {dino} tdc sm l .85
[12:13] {Les} stop flat
[12:14] {Les} qcor stop .59
[12:15] {Les} no dt qcor
[12:17] {cipher} IBM l .22
[12:18] {cipher} out .39
01[12:18] {Threei} Short Setup: C  .45 break
01[12:18] {Threei}  If holds  55
01[12:19] {Threei}  trying to find the handle of the inverted C&H
01[12:19] {Threei}  see it?
[12:20] {Les} sm short bby .38 stop .50
01[12:21] {Threei}  1:1
[12:21] {Les} nice eye vad. something don't see looking at indicators
01[12:21] {Threei}  indicators are swcondary
01[12:21] {Threei}  chart configuration is primary
[12:22] {Les} well i failed there
01[12:22] {Threei}  trading of indicators without chart is akin to eating spices without a dish
01[12:22] {Threei}  salt without meat
[12:22] {Les} as a cook that metaphor makes sense
01[12:22] {Threei}  pepper without fish
01[12:22] {Threei}  you got an idea
[12:23] {Les} BBY half covered .31
[12:23] {Les} qcor wanted short can't borrow here
01[12:23] {Threei}  what is it 111 Trades teaches as a primary subject?
[12:23] {Les} .65/.75
[12:24] {Les} how to recognise a banana
01[12:24] {Threei}  right but HOW?
[12:24] {Les} looking at chart patterns
01[12:24] {Threei}  say one imperative word
01[12:24] {Threei}  and I'll leave you alone :)
[12:24] {Les} hmmmm
01[12:24] {Threei}  starts with V
01[12:25] {Threei}  ends with ISUALLY
[12:25] {Les} double hmmm
[12:25] {Les} uuuuh
[12:25] {Les} V + ISUALLY
01[12:25] {Threei}  guessed yet?? :)
[12:25] {Les} :)
01[12:25] {Threei}  old russian joke
[12:25] {Les} bby 1:2 ALL OUT
[12:26] {_doublertrading} Come on C, plummet
[12:26] {Les} weakening
01[12:26] {Threei}  two junkies, high... munching on somwething, talking
01[12:26] {Threei}  one offers a riddle:
01[12:27] {Threei}  what's green, small, lives in a pond, jumps from leaf to leaf, starts with FR and ends with OG?
01[12:27] {Threei}  snother after a few min of heavy thinking: frog?
01[12:27] {Threei}  first: you knew!
01[12:28] {Threei}  sigh... whatever... I need more russians here
[12:29] {Les} could be interesting linguistic study, Russian sense of humor
[12:29] {Les} cultural study too
01[12:30] {Threei}  ready to plunge is dark depths, eh
01[12:30] {Threei}  in
01[12:30] {Threei}  die C, you are our designated day fixer
01[12:31] {Threei}  1:4, no less
[12:34] {dino} out tdc .20, +.35
[12:36] {dino} out beam .65, +.30
[12:37] {ese} Gotta go all.........am not getting any trading done due to being on the phone.......catch ya tomorrow
[12:37] {Will49} peace ese
[12:37] {ese} tks will
01[12:37] {Threei}  take care ese
[12:41] {dino} tdc sm l .36
[12:42] {dino} hmmm, didn't see that coming
[12:44] {dino} reload .84
[12:45] {dino} out tdc .35
[12:45] {dino} +.49
[12:45] {Will49} good recovery
[12:46] {dino} thx
[12:47] {dino} air pockets under lots of stocks this week
01[12:47] {Threei}  plenty of fear
01[12:47] {Threei}  maket being at all-time highs while there are so many icebergs around
01[12:47] {Threei}  and each looks for the Titanic
[12:48] {Will49} my captain, my captain
01[12:48] {Threei}  lol
[12:49] {Will49} i'm just an apprentice slaving away in the boiler room
01[12:53] {Threei}  GS... need it to make new low
01[12:53] {Threei}  and C should follow
01[12:58] {Threei}  hmmm
[12:58] {dino} tdc sm l .60
[13:01] {Les} nearly there on the banksters
01[13:03] {Threei}  OK C
01[13:03] {Threei}  watch your big brother and do the same
[13:05] {dino} out tdc .00, +.40
[13:08] {cipher} tdc l .89
01[13:08] {Threei}  42.20 is yesterday low on C as well
01[13:09] {Threei}  if it's broken, all hell should break lose
01[13:09] {Threei}  1:2
01[13:09] {Threei}  ok baby... let's do it
01[13:09] {Threei}  bees do it...
01[13:10] {Threei}  something about badly educated fleas...
[13:11] {cipher} pdce l .26
[13:11] {Will49} "even educated fles do it..."
[13:11] {Will49} fleas
[13:11] {dino} took awhile, out elli .28, +.32
01[13:12] {Threei}  hmmm... why did I think those fleas were not very well read...
01[13:14] {Threei}  Facebook CEO: Today we're finally going to talk about the Facebook phone, or how you can turn your Android phone into a simple social device - mobile phone app event- On average, we spend 20 percent of our phone time on Facebook. Add in Instagram and it's 25 percent. We spend our lives sharing and connecting. - Today mobile phones are designed around apps. Not people. We want to flip that around. We don't want to build a phone or OS that only some people are going to use. - A great phone might sell 10-20 million units at best. Facebook is a community of 1 billion people. - We're not building a phone and we're not building an OS -- we're building an experience that's deeper than any other app. - Facebook Home is a family of apps that you can install on your Android phone.
01[13:14] {Threei}  thank you GS
01[13:14] {Threei}  C 1:3
01[13:15] {Threei}  "We spend our lives sharing and connecting."
01[13:15] {Threei}  hah
01[13:15] {Threei}  not me
01[13:15] {Threei}  I do all I can to disconnect
[13:15] {Will49} LOL
01[13:15] {Threei}  my phone is not smart and I use it about once every two weeks
01[13:16] {Threei}  last time I thought of using it was when I was running late to meet Will... and wanted to alert him... and then realized he doesn't have one at all
[13:16] {Will49} ludite
01[13:17] {Threei}  but here is where I agree with Zuck:
01[13:17] {Threei}  "We want to flip that"
01[13:17] {Threei}  I'd just add "iff"
01[13:17] {Threei}  off
[13:17] {Will49} had a BB when i worked and couldn't wait to get untethered
01[13:18] {Threei}  "Facebook is a community of 1 billion people"
01[13:18] {Threei}  big yikes
01[13:19] {Threei}  ok... last part C stopped on a trail
01[13:19] {Threei}  anyway, 1:3 is good enough to move the day in black
01[13:19] {Threei}  not much but
[13:21] {cipher} out PDCE .50 +.24
01[13:25] {Threei}  visual http://goo.gl/3KLi8
[13:25] {cipher} pdce drop
[13:27] {dino} pdce sm l .00
01[13:28] {Threei}  seriously, how can anyone think of 1B people as of their community?
[13:28] {Les} $$
01[13:29] {Threei}  I can barely stand anything above 10, no more than for couple hours
[13:29] {dino} no go stop -.30 pdce
[13:29] {cipher} any news on it?
01[13:30] {Threei}  not that I see
[13:31] {dino} fly on wall, production 30-40%?
[13:31] {cipher} seller is dumping everything he's got
[13:32] {thomcbell} ?
[13:32] {dino} s3 42.85
[13:32] {thomcbell} what stock cipher
01[13:32] {Threei}  PDCE
[13:34] {nemo} crus starting afternoon leg
[13:37] {dino} pdce sm l .70
[13:40] {nemo} while I was sleeping Les say anything stupid?
[13:40] {nemo} what am I thinking...
01[13:40] {Threei}  he did: he said nemo was very nice human being
[13:40] {nemo} What did he say that was stupid?  That's a better question
[13:40] {Les} well I was thinking
[13:40] {Les} does that count?
01[13:40] {Threei}  see what I did there?
01[13:41] {Threei}  insulted nemo undetr pretense of insulting les
[13:41] {nemo} yeah...
01[13:41] {Threei}  I personally think it was genius
01[13:41] {Threei}  too bad I am the only one who think so...
[13:41] {Les} your insults are too fine for my blunt sense of humour vad
01[13:42] {Threei}  sorry...
[13:42] {Les} SPY volume
[13:43] {dino} out pdce .70, flat
[13:44] {nemo} this uptrend all started in the finnies
[13:45] {nemo} IWM back to the 50 day
[13:45] {Les} bby smal short .58
[13:45] {Les} stop .70
[13:45] {nemo} playing with the crack huh?
[13:46] {Will49} hey! this is a family show
[13:47] {nemo} Addams family, Manson Family...etc.
[13:47] {Will49} LOL
[13:47] {Will49} Partridge family
[13:50] {Les} bby covered .50
01[13:53] {Threei}  PDCE trying to break
01[13:53] {Threei}  45
[13:56] {dino} bcei drop
[13:58] {thomcbell} looks like a 45 break half lot
01[13:59] {Threei}  yeah
[13:59] {nemo} then short again around 46
[13:59] {nemo} but it might go short here, below .90
[14:00] {nemo} oops, too fast
01[14:00] {Threei}  yeah
[14:01] {nemo} this could go a ways
[14:01] {Les} GDX slowing down. would like it to make .50 for ashort, but maybe .30 short if holdign .40?
[14:01] {Les} vad?
[14:02] {thomcbell} or a flat out avoid
01[14:03] {Threei}  can't tell here les
01[14:03] {Threei}  can go either way, 50/50
[14:03] {Les} dicken around with a burning frying pan so doesn't matter anyway :)
[14:08] {nemo} boy, they're setting up the indexes for the NFP tomorrow
[14:08] {Les} NFP?
[14:08] {nemo} oh jeez
[14:08] {Les} ohn right
[14:08] {Les} employment numbers
[14:09] {Les} u guys have acronyms for everything
[14:09] {Les} like being in frikin army again
[14:09] {nemo} frickin' Sheial of a wombat poker
[14:09] {nemo} Sheila
06[14:09] * Les reiterates for the trading log what a wonderful human being Nemo is
[14:10] {nemo} ahh shit, gotta' go clean the keyboard
01[14:11] {Threei}  lol
06[14:11] * Threei high fives Les
[14:11] {Les} hehehe
[14:17] {nemo} they'll get IWM back above the 50 today'
[14:19] {dino} bcei sm l .62
[14:23] {dino} pdce sm l .26
01[14:24] {Threei} Short Setup: FB  .15 break
01[14:24] {Threei}  If holds  .20
[14:25] {Les} r3 .21
01[14:25] {Threei}  trying for double top
[14:25] {Les} bby
01[14:26] {Threei}  Invalidated
[14:27] {Les} gdx dt?
[14:27] {Les} never mind
[14:28] {Les} miners got a bid today
[14:29] {dino} out pdce .75, +.49
01[14:29] {Threei} Short Setup: FB  .15 break again
01[14:32] {Threei}  stop new high
01[14:33] {Threei}  .24
[14:34] {Les} bby sm short .68
[14:35] {Les} .70
01[14:37] {Threei}  FB 1:1
[14:39] {Les} bby sm short .69
[14:39] {Les} stop .80
[14:40] {dino} ppo drop
[14:40] {dino} damn, missed
[14:41] {dino} ppo sm l .79
[14:42] {Les} partial cover .61 bby
[14:42] {dino} out .24, +.45
01[14:42] {Threei}  wtg
[14:43] {dino} s3 rejecting it
[14:46] {dino} out bcei .84, +.22
[14:48] {dino} ppo sm l .70
[14:48] {Les} BBY 2H stop +.01
[14:52] {dino} out ppo .43 -.27
01[14:54] {Threei}  FB isa so dead
[14:55] {Les} short GDX short BBYX
[14:55] {Les} took FB on .20 recross if I'd followed SOP's I'd still be in
[14:55] {Les} stupid is a stupid does
[14:56] {dino} happens to us all les
[14:56] {Les} partial cover bby .51
[15:00] {Les} cover bby .41
[15:01] {Les} support here bby some consolidation and maybe new short opp
01[15:01] {Threei}  still Les... what I see in your trading now is night and day vs before
[15:02] {Les} yeh 4 years on and off trading
[15:02] {Les} pulled togethor by the magic of big pharma
[15:02] {Les} and some focus
[15:03] {Les} it's interesting
[15:03] {Les} that Ritelin gives me focus to think
[15:03] {Les} and to see my thinking is not helping
[15:03] {Les} since taking ritalin
[15:03] {Les} have focus to review trading daily
[15:03] {Les} find errors
[15:03] {Les} correct them
[15:04] {Les} before it was
[15:04] {dino} gj les
[15:04] {Les} "why the frik vad can do it but I can't"
01[15:04] {Threei}  I couldn't understand it too
[15:04] {Les} imagine years of problems with our boy too
[15:04] {Les} couldn't understand why
[15:04] {Les} at school
[15:05] {Les} like looking in the mirror
[15:05] {dino} i've heard of college kids popping ritalin before tests
01[15:06] {Threei}  kids these days... what happened to good old vodka shot
[15:06] {Les} night and day taking ritalin vs alcohol
[15:06] {dino} i'm w/ya vad. tequila is my cocaine
[15:06] {Les} years been trading with vad 3pm to 10 pm
[15:07] {Les} and most nights a glass in hand
[15:07] {Les} realise now it was depressing brain function
[15:07] {Les} not a frikin word nemo
01[15:07] {Threei}  rofl
[15:07] {dino} wow, i just joke about drinking during trading hours.
[15:07] {Les} bitch trading nights
01[15:07] {Threei}  well, depressing brain function is exactly what I use it for, so...
01[15:08] {Threei}  nemo used to use it for that purpose as well, but lately found there is nothing to depress anymore
[15:08] {Les} well he is depression personified
06[15:09] * Threei high-fives himself, for the lack of anyone else to high-five him
[15:09] {Les} how does one depress depression, brain or no brain
[15:09] {Les} oh come on, let me get to punch line first
01[15:09] {Threei}  mine is in already
[15:12] {Les} SLW tightening for a move at 29
[15:12] {Les} I'm short GDX .24 but no longer sure of direction
[15:12] {Les} stop to .30
[15:14] {Les} looks like BBY plays out some more tomorrow
06[15:20] * nemo loads up his large capacity magazines
01[15:20] {Threei}  oops
06[15:20] * nemo reaches for the 200 round drum
[15:20] {Les} better send a letter bomb bunny boy
[15:20] {Les} big vol. GDX comgin in
[15:20] {nemo} I'm doing you by hand
01[15:20] {Threei} Short Setup: C  .60 break
[15:21] {Les} huge vol. in GDX
[15:22] {Les} BBY trying to break higher
[15:22] {nemo} spy at pivot and vwap, iwm at pivot and 5o day, be interesting to see if anything happens at 3:30...kinda doubt it
[15:25] {Les} bby sm short .85
[15:26] {dino} guess i should've held bcei, ppo
[15:27] {Les} bby stopped -.12
01[15:28] {Threei} Short Setup: C  .70 break
01[15:28] {Threei}  If holds  .75
01[15:29] {Threei}  .80 us better stop but time will become an issue soon
[15:29] {nemo} now pdce takes off
[15:32] {Les} interesting currency reversal if follows thru tomorrow
[15:32] {Les} GDX stopped -.07
[15:33] {nemo} wtf...pdce
01[15:45] {Threei}  come on C, what's with teasing
01[15:49] {Threei}  half out
01[15:49] {Threei}  stop to .71
[15:50] {Les} a final bounce in BBY may produce a lower high here worth shorting
[15:52] {nemo} mmmmhhhh....looks like the market expecting good numbers tomorrow
01[15:56] {Threei}  ok... done
[15:56] {Will49} Have good evening guys
01[15:56] {Threei}  thank you all
[15:56] {Les} cheers
01[15:56] {Threei}  boring a bit but still positive day
01[15:56] {Threei}  have a good evening, see you tomorrow
[15:59] {nemo} finnies finish at the highs, we go higher tomorrow
[15:59] {dino} giddy-up
[16:00] {dino} gn
[16:02] {Les} cheers