May 06 2013

Very decent day despite low volume and slow climb type of the market. Finishing nicely profitable, with many good trades under the belt.



Session Time: Mon May 06 00:00:00 2013
[03:33] {KSystems} GM
[03:42] {KSystems} l GCLM3 96.15 tgt 96.40 stp 95.90
[04:05] {KSystems} out GCLM3 +0.25
[09:03] {dino} gm
[09:03] {stevw} g'mornin
01[09:04] {Threei}  morning dino, stev
[09:05] {cipher} gm
[09:05] {cc_9} Morning fellas.
01[09:05] {Threei}  cipher, cc9 :)
[09:05] {nemo} fellas?
[09:06] {nemo} oh, right...Les isn't here
[09:08] {thomcbell} GM all
[09:09] {patel} morning
01[09:09] {Threei}  tbell, patel :)
[09:09] {Les} good afternoon
01[09:10] {Threei}  les :)
[09:17] {Alexs} gm
01[09:17] {Threei}  alex :)
[09:18] {ese} good morning Houston..........errrrrrrrrr I mean vad et al
01[09:18] {Threei}  ese :)
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:20] {Les} you gonna sit still one week ese? :)
[09:20] {backman} gm
[09:21] {ese} mornin les.........yes.......i'm travelled out for a bit
01[09:22] {Threei}  bman :)
[09:25] {dino} line fills gap march
01[09:32] {Threei} Long Setup:  GDX  .70 break
01[09:32] {Threei}  If holds  .60
[09:33] {dino} line sm l .15
[09:34] {thomcbell} lvs nasty
01[09:35] {Threei}  not tradeable at the open
01[09:35] {Threei}  1:1
[09:36] {thomcbell} aig?
01[09:38] {Threei} Short Setup: AIG  .20 break
01[09:38] {Threei}  hl
01[09:38] {Threei}  If holds  .30
01[09:40] {Threei} Long Setup:  CAT  .15 break hl
01[09:40] {Threei}  If holds  .05
[09:40] {dino} line stop -.24
[09:45] {Les} slw .40 b/down holding .50?
[09:45] {jdetente} belated gm
01[09:45] {Threei}  jd :)
01[09:45] {Threei}  yes SLW
01[09:50] {Threei}  no go CAT
[09:51] {Les} gdx short 87?
[09:51] {Les} sorry wrong ticker
[09:51] {Les} cat short 87?
[09:51] {ese} L himx .81
01[09:52] {Threei}  please, let's hold questions for the first 30-40 mon
01[09:54] {Threei} Long Setup:  GDX  .60 break
01[09:54] {Threei}  If holds  .55
01[09:55] {Threei}  still valid
[09:56] {Les} c small short .47 holding .57
[09:57] {jdetente} thanks for SLW Les...out on trail
[09:57] {Les} np
[09:58] {Les} cover half c
[09:58] {Les} C double top it was
01[09:58] {Threei} Long Setup:  AIG  .50 break
01[09:59] {Threei}  If holds  .40
[10:00] {thomcbell} all 3d stocks doing well except prlb
[10:00] {ese} out himx .92 +.11
01[10:01] {Threei}  1:1
[10:01] {RonS} wtg
[10:01] {Les} scalped ty 3 trades is too many
[10:02] {Les} partial gdx ty
01[10:02] {Threei}  (EU) Germany Fin Min Schaeuble: - Germany does not need to lecture France about reform.
01[10:02] {Threei}  but we will anyway
[10:02] {cipher} CYBX L.95
[10:02] {Les} like they could resist this little spat developing
01[10:03] {Threei}  out GDX in full
[10:03] {Les} me 2ty
01[10:03] {Threei}  yw
[10:03] {Les} btw , C is dt in your book?
[10:03] {Les} looks like it to me
[10:04] {dino} adnc sm l .83
[10:04] {ese} L line .06
[10:04] {dino} hgsh drop
01[10:04] {Threei}  les... keep it till market quiets down, can you?? :)
[10:04] {Les} sorry
[10:05] {dino} sgmo sm l .24
[10:06] {dino} ipgp sm l .00 gappy sucker
[10:06] {nemo} it's the frickin' ritalin
[10:07] {Les} JPM
[10:07] {Les} yep
[10:07] {nemo} mnst
[10:07] {Les} short jpm very small .17
[10:07] {Les} stop is clear
[10:09] {nemo} expe
[10:10] {dino} ctb spike
[10:11] {Les} JPM stopped squeezing
[10:11] {Les} it is squeezing
01[10:12] {Threei}  C 1:2, out
[10:12] {jdetente} AIG 1:2. Thanka Vad
[10:12] {Les} c last quarter stopped
[10:12] {jdetente} *thanks
01[10:12] {Threei}  :)
[10:13] {dino} ctb sm s .98
[10:13] {Les} can I speak?
01[10:13] {Threei}  that was AIG, sorry, not C'
[10:13] {nemo} shutup Les
[10:13] {Les} ....
[10:14] {nemo} they got the transports to new highs today
[10:14] {jdetente} holding a quarter for 1:3 on AIG...so be quiet Les :p
[10:14] {Les} banksters stalling
[10:14] {RonS} took mnst .36 to .92  +.56 thanks nemo
01[10:14] {Threei}  wtg
[10:14] {cipher} HGSH L.40
[10:14] {Will49} nice one Ron
[10:14] {nemo}  sure Ron dcc please
[10:18] {Les} cup and handles forming on slw/GDX?
[10:19] {dino} alk spike
01[10:19] {Threei}  hard to tell
[10:19] {Les} certainly no enthusiasm
[10:20] {dino} out sgmo .39, +.15
[10:25] {Les} jpm .35 long?
[10:26] {Les} holding .25?
[10:26] {Les} looks like it wants to break but how far it can go...?
01[10:26] {Threei}  yup
01[10:27] {Threei}  who knows... if SPY breaks .75m it's aetup
01[10:27] {Threei}  just let it trade
[10:27] {Les} k
[10:28] {RonS} ese IQNT into a huge gap
[10:29] {RonS} huge volume and price gap...pretty rare
[10:29] {RonS} should re-test 5.00 and go...
[10:30] {dino} ctb stop .15 -.17
[10:30] {ese} stopped line .95 -.11
[10:30] {ese} tks ron
[10:31] {ese} I look of that one Ron
[10:31] {ese} I like
[10:31] {ese} the
[10:34] {ese} l iqnt .17
[10:35] {jdetente} took the last out on AIG 1:4
[10:35] {jdetente} thanks again Vad
01[10:35] {Threei}  :)
[10:37] {nemo} bbby setting up for short
[10:39] {dino} ctb sm s .35
[10:40] {nemo} bbby should be good to .30 area
[10:40] {jdetente} JPM meh
[10:40] {Les} walked into that one
[10:41] {cipher} out HGSH .68 +.28
[10:43] {cipher} LNCO L .71
[10:43] {cipher} out .84 +.13
[10:47] {Les} TLT stop flush of fridays low
[10:47] {ese} ron ....you in iqnt?
[10:48] {RonS} was trying to get pullback...knew it was your type
[10:48] {RonS} HLF lighting up the shorts
[10:49] {nemo} looking for indexes to bounce at vwap
[10:49] {nemo} this market is lighting up the shorts
[10:49] {ese} tks......am in with 2400 of the little blighters.....gonna exit half at .50 and see what happens from therel.....with stop at break even for the balance
[10:52] {dino} alk sm s .61
[10:54] {Les} watch TLT for failed break of 121
[10:54] {Les} but if it keeps going...
01[10:56] {Threei} Short Setup: CAT  .45 break hl
[10:56] {cipher} MSG L .04
01[10:59] {Threei}  1:1
[11:00] {dino} cov ctb .00, +.35
[11:00] {nemo} like iwm spy or fas long here
01[11:02] {Threei}  1:2
[11:03] {cipher} TNA L .75
[11:04] {nemo} rost coming into bounce territory
[11:04] {dino} alk stop .77, -.16
[11:04] {Les} c c&H?
[11:04] {Les} .65 long?
[11:05] {Les} relative strength showing to FAS and JPM
[11:05] {nemo} volume just came in ros
01[11:05] {Threei}  can't tell C
01[11:06] {Threei}  this is not normal C&H
[11:06] {Les} yeh I c it hahaha
[11:09] {cipher} out TNA .85 +.10
[11:09] {nemo} looks like spy and IWM might test the pivot
01[11:10] {Threei}  e-mail from someone who hasn't signed it but I think I have pretty good idea, and you will too:
[11:10] {nemo} oh, the douchebag?
01[11:10] {Threei}  As a matter of recortd, please note: I hated everyone before it became mainstream.
[11:10] {Les} that's private vad
[11:10] {nemo} get my email Les?
[11:10] {Les} fas potential DB
01[11:11] {Threei}  last piece of CAT stopped on a trail
[11:13] {Les} long fas .12 stop is clear
[11:13] {Les} interesting colour nemo, a particular species?
[11:13] {nemo} northeast cottontail
01[11:14] {Threei} Short Setup: FB  .70 break
[11:16] {nemo} mnst looks short
[11:17] {Les} TLT straight back to the lows.
[11:17] {dino} line sm l .52
[11:18] {dino} out ipgp .40, +.40
[11:18] {dino} out line .83, +.31
[11:19] {cipher} LQDT drop
[11:19] {backman} .10 on FB?....or looser?
01[11:19] {Threei}  above .80 for now
[11:20] {cipher} MSG stopped .99 -.05
[11:20] {thomcbell} knicks looked terrible
[11:24] {cipher} LQDT L.51
[11:26] {ese} L 1/2 line .96
[11:28] {ese} out line .12 +.14
[11:28] {ese} nice one with line dino........i caught it to late
[11:30] {Les} screw FAS that ruined the party. made 1:1 without me
[11:31] {dino} ty
[11:32] {cipher} LQDT stopped .46 -.05
[11:33] {dptl} good morning all
[11:34] {Les} decent h&s on spy here
[11:34] {Les} hi dp
[11:34] {Will49} hey DP
[11:34] {Will49} dp
[11:34] {Les} vol. in IWM
01[11:35] {Threei}  dp :)
[11:38] {backman} FB stop unch?
[11:40] {dino} taking a break
01[11:41] {Threei}  let's trail it to .76
[11:42] {ese} out 1/2 iqnt .47 +.30   good enough balance to break even .18
[11:42] {ese} tks Ron
[11:44] {Les} bankster rinse suck in those shorts for fuel
[11:48] {dptl} STX .90 short?
01[11:49] {Threei}  1:1
[11:50] {ese} hey dp.........took a look at that symbol and thought about STAX records in Memphis........phew........hought lI was halucinating
01[11:51] {Threei}  STX, yes
[11:51] {RonS} 'cause you just did a 1/2 line...
01[11:51] {Threei}  if holds .96
[11:55] {ese} hmmmmmmm........took me a bit to get that joke ron.........
[11:57] {Will49} musician joke
[11:58] {ese} not any more........the industry has cleaned up a little bit
[11:58] {Will49} operative word "little"
[11:58] {Will49} :)
[12:04] {dptl} invalidated STX
[12:06] {dino} mbi
[12:10] {RonS} halt
[12:10] {RonS} Bank of America $BAC bond insurer MBIA $MBI reached USD 1.7bln in settlement
[12:11] {RonS} "@Benzinga: DJ Reporting BofA to Take 5% Stake in MBIA
[12:14] {RonS} mtg
01[12:15] {Threei}  volume is about 15% below 3-months average
[12:16] {Les} and they getting jiggy with FAS during lunch... nice
[12:25] {dptl} COH .65 short?
01[12:25] {Threei}  hl
01[12:26] {Threei}  charts good but it can get jumpy sometimes
[12:27] {dptl} hmm..didt get it...dont want to chase
[12:30] {dptl} is STX valid again?
[12:33] {dptl} nah
[12:42] {thomcbell} jpm 48.26 break if holding 48.16
01[12:51] {Threei} Long Setup:  TNA  .35 break
01[12:51] {Threei}  If holds  .25
[12:51] {thomcbell} jpm 1:1
[12:52] {thomcbell} second half to break even
[12:55] {thomcbell} long setup gnw 10.60 break - already thru but i never typed it
[12:55] {thomcbell} bidding there for a minute or so
01[12:57] {Threei}  Invalidated
[13:04] {thomcbell} jpm stop to 48.29 on second half
[13:04] {thomcbell} time of day
[13:07] {RonS} C closing in on 52 week high...
[13:08] {thomcbell} jpm  flat
[13:09] {nemo} C&H on FAS or DT?
[13:10] {Les} FAS being held back by IWM. TNA around 45 is interesting
[13:12] {cc_9} MBI is the afternoon's crack
[13:12] {nemo} yeah
[13:15] {RonS} nemo, dcc por favor
03[13:21] * Retrieving #discussions modes...
01[13:24] {Threei} Long Setup:  CAT  .45 break hl
01[13:24] {Threei}  If holds  .35
01[13:25] {Threei}  German euro founder calls for 'catastrophic' currency to be broken
01[13:26] {Threei}  as Karl Marx said in soviet joke... "Proletariat of all countries... I am so sorry"
[13:27] {Les} for opening his mouth or having government screw his ideas?
01[13:27] {Threei}  you think his ideas needed someone's help to screw all who followed them?
[13:28] {Les} I like his analysis
[13:28] {Les} his prognosis and medication have killed the patient many times over
01[13:28] {Threei}  I am talking about his idea of the scoiety
[13:28] {dptl} FB long?
01[13:29] {Threei}  don't know
01[13:29] {Threei}  his analysis are as ideology-soaked as his ideas how to cuild the society
[13:30] {Les} sure. everybody harbors ideology
[13:30] {Les} of one stripe or another
[13:30] {Les} got a friend who used to be a red book carry communist
[13:30] {Les} carrying
01[13:31] {Threei}  until sobered up?
[13:31] {Les} the evolution of labor as Marx could see it was clear
[13:31] {Les} as my friend describes it
[13:31] {Les} from slave
[13:31] {Les} to serf
[13:31] {Les} to bondmen
[13:32] {jdetente} Marx was a loser...he never worked
[13:32] {Les} to paid laborer
[13:32] {Les} like i said, his analysis was interesting
[13:32] {jdetente} he just imagined the plight of the working man...never experiencing it himself
[13:32] {Les} his conclusions wrong
[13:32] {Les} yes number of german thinkers guilty of such
01[13:32] {Threei} Short Setup: GDX  .60 break
01[13:33] {Threei}  and he created this mental construction that sounded so good for ivory type dreamer... and turned out to be a blood bath for untol millions
01[13:34] {Threei}  yet all over the world there are countless imbeciles that still believe in the idea... like Les's friend
[13:34] {Les} Nietzche has some interesting things to say, but seeing gleaming cavalry soldiers as the 'uber men' of the future - he was a medically discharged weakling with no stomach for blood - was equally stupid
[13:35] {Les} oh, my friend is the same one who is sure that trading doesn't work
01[13:35] {Threei}  as I said...
[13:36] {Les} these are the guys running the education system here
01[13:36] {Threei}  he at least believes in gravity, right?
[13:37] {Les} guess he'll learn that when 2nd homes collapse in price ;)
[13:37] {Les} he's counting on inflation...
[13:40] {Les} last time I checked, President Hollande was bringing French economy to earth post-haste, and my friend bought in france
[13:42] {RonS} is the VP Belgium?
[13:42] {Les} ?
[13:43] {RonS} Holland...Belgium...Treasury sec Lux M. Borg  etc...
01[13:44] {Threei}  well, at least he is faithful to his ideology - socialists take over France, your card carrying communist friend buys property there
[13:44] {Les} and he's a very well paid bureaucrat functionary
[13:44] {Les} has all defaults
01[13:44] {Threei}  tell him also to open a business there, and he will be totally true to his beliefs
01[13:46] {Threei}  just don't tell him that when his compatriots spill over to the streets, it's his well-paid intestines that they will spill too. Let him find out what communism is like on his own
[13:47] {dptl} GDX stop would be above .70?
[13:47] {jdetente} didn't trigger I don't believe
[13:48] {dptl} not yet
01[13:48] {Threei}  .70 for now
[13:48] {dptl} k
01[13:53] {Threei}  Buford Rogers, 24, arrested in Minn. in what FBI calls "terror attack...disrupted"
[13:54] {Will49} aren't half the guys in prison named Buford?
01[13:54] {Threei}  lol
01[13:55] {Threei}  so... we had record breaking 28C yesterday,
[13:55] {Will49} yeah, wasn't it great?
01[13:55] {Threei}  and sure enough, crazies came from under every rock to talk about global warming
01[13:55] {Threei}  someone suggested to look at the winter east coast just had,
[13:56] {jdetente} 1:1 on CAT...
01[13:56] {Threei}  to which they said "well, that was local deviation"
[13:56] {Les} winter still clinging in europe
[13:56] {Will49} the number of "denyers" is rising every day
[13:56] {Will49} denie-ers
01[13:57] {Threei}  why that is deviation and not our fluke heat spike, they couldn't answer
01[13:57] {Threei}  you think Will?
01[13:57] {Threei}  I see Green party rising in numbers
[13:57] {Will49} iIMHO
[13:58] {Will49} that;s Vanc Island for you
01[13:58] {Threei}  could be... flowerbed of stoned environmentalists
[13:58] {Will49} was referring to number of scientist that are changing their minds
01[13:58] {Threei}  ah
[13:59] {Will49} BC flag and all that....
[13:59] {dptl} lol
[13:59] {Will49} new that would get your attention dp :)
[14:00] {Will49} knew
[14:00] {dptl} :)
01[14:00] {Threei}  dp is against global warming... thnat would increase his electricity spending, to keep vodka cold
[14:00] {Will49} good thinking
[14:00] {dptl} :) thats right
01[14:01] {Threei}  I remember he was very concerned about some solar protuberance, for this very reason
[14:01] {Les} better to drink whisky then in global warming
01[14:01] {Threei}  phoned me to discuss at what temp vodka might go bad
[14:01] {Les} fridge free single malt
[14:02] {dptl} lol
01[14:02] {Threei}  was very relieved to find out that if you inject it in the watermelon it stays nice and cool
01[14:03] {Threei}  just don't inject it in raw potatoe... kind of hard to eat
[14:03] {dptl} ahh...thouse watermelons....:)
[14:03] {Will49} now, now dp...he means the fruit
01[14:03] {Threei}  lol
[14:04] {dptl} lol
01[14:04] {Threei}  come on GDX, trigger, or there is no telling where this conversation ends up
01[14:05] {Threei}  frikin CAT
[14:05] {jdetente} did CAT invalidate...I took it, never saw it break below .35
[14:06] {Will49} so did I
01[14:06] {Threei}  it didn't
01[14:06] {Threei}  I forgot about it, got distracted
[14:06] {jdetente} ahhh
[14:06] {Will49} watermelons:)
[14:07] {jdetente} too much melon talk
01[14:07] {Threei}  but I elect to blame CAT for that
[14:07] {jdetente} sweet juicy watermelons
[14:07] {jdetente} lol
01[14:07] {Threei}  go away :)
[14:07] {Will49} hahaha
[14:08] {Will49} as the weather warms up here, you see a lot more of the watermelons
[14:08] {dptl} see what just talk about it does....:)
[14:08] {jdetente} 1:2
[14:08] {Will49} yeah baby
[14:09] {Les} short TLT .35 holdign .45?
01[14:09] {Threei}  can't tell
[14:10] {jdetente} 1:3 out
01[14:10] {Threei}  can reverse here just as well, 50/50
[14:11] {Les} yeh
01[14:11] {Threei}  wtg jd
[14:11] {Will49} tks jd
[14:11] {jdetente} don't thank me...thank Vad
[14:11] {Will49} and Vad
[14:11] {jdetente} and the watermelons
[14:12] {Will49} :)
01[14:12] {Threei}  yeah, what's up qwith that?? I make a call, jd gets thanks... sniff sniff
06[14:13] * Threei removes himself in the monastery, to live on a watermelon diet
[14:13] {jdetente} lol...thanks Vad
[14:13] {Will49} thank SOOOOO much Vad
06[14:13] * Threei pack syringe for vodka injections
[14:13] {dptl} i'll be visiting you there Vad
[14:13] {Will49} lol
[14:14] {Will49} when the next ferry leave?
01[14:14] {Threei}  yup, it should be cold enough in Tobet mountains
01[14:14] {Threei}  Tibet
01[14:15] {Threei} Long Setup:  C  .80 break
[14:15] {dptl} so easy to meditate with that diet
[14:15] {Les} looking at fas too .75 breakout is close
01[14:15] {Threei}  lol
01[14:15] {Threei}  If holds  .75
[14:22] {Les} spy 162 gotta be pissin the bears off
01[14:24] {Threei}  you mean uop to this point they were content?
01[14:24] {Threei}  those must be some serene bears...
[14:24] {Will49} fremented watermelon
[14:24] {Les} whatever narrative they had for market reversal has fallen by the wayside
[14:24] {Will49} fermented
[14:25] {Will49} Will tries to get conversation back to watrermelons
[14:26] {jdetente} after the bears reverse course and go long...the market will tank. :)
01[14:26] {Threei}  well, turning bears into bulls is some radical surgery, no?...
[14:26] {Les} just cut off their er... melons
[14:26] {jdetente} lol
[14:26] {Will49} lol
01[14:27] {Threei}  I didn't mean into female bears
01[14:29] {Threei}  no go
[14:30] {dptl} yeah
[14:30] {jdetente} oh well
[14:34] {dptl} VLO .45 short?
01[14:35] {Threei}  I'd prefer .50 recross short if it goes above .50 but stays under .55
[14:35] {dptl} k
[14:35] {Les} OSTK sm short .65
[14:36] {Les} holding .75 stop
01[14:37] {Threei}  7 cents spread?
[14:38] {Les} hl
01[14:38] {Threei}  doesn't matter - how do you kwep 10 cents stop with 7 cents spread
[14:38] {Les} with great difficulty
[14:38] {Les} but I see your point
01[14:39] {Threei}  worst thing is not even slippage on execution'
01[14:40] {Threei}  worst thing is, spread expkands beyong .75, what do you do?
[14:40] {Les} get the frick out
01[14:40] {Threei}  which is very likely to create situation where your prints are the only ones at those highs :)
[14:41] {Les} so... a .15 stop?
01[14:41] {Threei}  see what I mean? It's not TRADING above .75, it's just spread expanding there
01[14:41] {Threei}  I don't know
01[14:41] {Threei}  stop must be dictated by chart
[14:42] {dptl} VLO .50 short?
01[14:42] {Threei}  it was
01[14:42] {Threei}  it fylfilled all the conditions I described
[14:42] {dptl} missed it
[14:42] {dptl} yep
[14:43] {Les} yeh I see it
01[14:43] {Threei}  there you go
01[14:43] {Threei}  what do you do now?
01[14:44] {Threei}  some stocks are simply untradeable in the way we usually do it
01[14:44] {Threei}  they are more of a dino/cipher territory
01[14:44] {Threei}  now, allow me this question which I hope will turn your thoughts in different direction:
[14:45] {Les} then its these volume spikes I require for entry
01[14:45] {Threei}  having a killer day we had, in a low volume market like this, no less... why on earth would you want to take this trade that goes beyond our risk parameters??
01[14:46] {Threei}  having nice profits under the belt, late in the day you go into profit preservation mode
01[14:46] {Threei}  not in profit squandering
[14:46] {Les} cause I've had a shit day
01[14:46] {Threei}  ummm... HOW???
[14:46] {nemo} if you've had a shit day, why are you trading more?
01[14:46] {Threei}  trade afer trade worked
01[14:47] {Threei}  those that didn;t wrer few and far between, and stops were either 5 cents or half lot
[14:47] {Les} good question. I had my profits before JPM. Everything after has near failed
[14:47] {stevw} shorting FB
[14:47] {Les} missed FB
[14:47] {Les} looking after dinner. Missed CAT
01[14:48] {Threei}  OK, so maybe focus on the reasons you have bad day when room has a good one?
01[14:48] {Threei}  instead of gambling on stocks like this
[14:49] {dino} pushing les?
01[14:50] {Threei}  do you see thnat you repeat this pattern, of skipping for this or that reason trades called in the room, pushing other trades instead and having losing day when room has solid profitable one?
[14:51] {dino} adnc to ,98, all-dayer
[14:51] {KSystems} Hey
01[14:51] {Threei}  KS :)
[14:52] {nemo} Schlafzeit fur dich, na ja?
[14:52] {KSystems} s GGCM3 1469.4 stp 1470.5 tgt 1265.8
[14:52] {KSystems} Fang schonmal an zu Bluten nemo, kriegst gleich eine rein ;-)
[14:53] {nemo} Es ist mein Geist
[14:53] {stevw} nope - FB doesn't want to give up on .60
[14:54] {nemo} knows you're trading stevweister
01[14:54] {Threei}  I was hesitant about it stev... notice how it dropped sharply into .60
[14:55] {stevw} feels that way - but, i'm not going to beliew it
01[14:55] {Threei}  you want to short breakdown after some comsolidation, not on the go when it drops like this
[14:55] {stevw} yes, i misread that as a good to go sign
[14:55] {nemo} it's been oscillating in a range since noon in a languid but up market
[14:55] {nemo} VWAP is flat
01[14:56] {Threei}  here is simple criteria for you
01[14:56] {Threei}  you know our setups,
01[14:56] {Threei}  their visual configurations,
01[14:56] {Threei}  tell me which one matches that moment in FB?
01[14:57] {Threei}  and if you don't, what busianess do you have trading wothout reading 111 Trades :)
[14:57] {stevw} i was seeing .60 as either continued support or potential breakdown, and the uptick in volume sucked me in to believe it was finally breaking down
01[14:57] {Threei}  wait
01[14:57] {Threei}  you are inventing setups as you go along
01[14:58] {Threei}  let's use those we already have first
[14:58] {stevw} yeah, as i re-read it, the higher high at .80 should have told me not to look for breakdown
01[14:58] {Threei}  our setups are vosual chart configurations
01[14:58] {Threei}  visual
01[14:59] {Threei}  find me any single person who will say 111 Trades hasn't done wonders to their seeing setups... and I'll eat my keyboard
01[15:00] {Threei}  and yours if you send it to me
[15:00] {dptl} COH .55 short?
01[15:00] {Threei}  and record the process
[15:00] {stevw} you'd like mine - there's all kind of good crumbs in it
01[15:00] {Threei}  bacon?
01[15:00] {Threei}  no dp
[15:00] {stevw} mostly bran muffin and the odd cookie
[15:01] {dino} out adnc +.15
01[15:01] {Threei}  I am a protein guy...... could you add some bacon before shipping it, per chance?
[15:01] {patel} and spill some vodka.
01[15:01] {Threei}  better even
[15:02] {stevw} sorry, the vodka will make it a hazmat shipment
[15:03] {stevw} ironically, now i see an inverted c&h in FB
[15:04] {stevw} but, i'm still gathering my wits before trading
01[15:05] {Threei}  sharp and sudden drop, doesn't look technical
[15:06] {stevw} true, it was too sudden
01[15:11] {Threei}  speaking of bacon... can you tell?? :) http://goo.gl/xSjMJ
[15:12] {dptl} WDC .20 short?
01[15:14] {Threei}  hl
[15:17] {dino} algn
[15:19] {dptl} stop above .30 wdc
[15:19] {dino} s.50
[15:24] {dptl} hmm..doesnt wanna drop with market
01[15:24] {Threei}  no
[15:26] {dino} cov algn .10, +.40
01[15:28] {Threei}  ALGN Reportedly ITC judge rule that Clearcorrect violated six Align Technology dental patents
[15:29] {dino} thx
01[15:38] {Threei}  finally WDC time to die
01[15:39] {Threei}  nervous stock
01[15:39] {Threei}  but worked eventually
[15:43] {jdetente} alright fellas. Calling it a day. Thanks for the trades Vad
[15:44] {dptl} yea...all out
01[15:44] {Threei}  ;)
[15:44] {thomcbell} selling gnw 10.67
[15:44] {thomcbell} all day for 0.07 cents
01[15:44] {Threei}  OK guys, no more trades
01[15:44] {Threei}  thank you all
01[15:44] {Threei}  have a good evening, see you tomorrow
[15:45] {Will49} Cheers
[15:45] {dptl} gn all see ya tomorrow
[15:45] {patel} take care all.
[15:46] {dino} arlp drop

Nemo's Findings week of 5/5/2013

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

Well, this is starting to feel like Pamplona...anyway, more of the same finishing the week having breeched all time highs in the IWM and the SPY.  IWM bottomed out the week at the top of a price gap, the SPY a hair's width from 158 and FAS dipped slightly under 57.  The top for the week in SPY was a hair under the weekly R2.  No specific levels signified the tops in IWM and FAS.  As we can see from VXX that nobody is worried about anything, and is getting less worried all the time.

Just a thought...Asia didn't get the benefit of the jobs report that rocketed (sorry about the hyperbole) the indexes at 8:30, so I didn't think we'd get an attempt at a gap fill until Asia opens on Monday.  Gotta' let Goldman Sachs Japan office make some money too!!!  ;-)

What's interesting about today though, is the transports didn't make a new high and the news on railroads has been bearish, although their stocks are fairly strong.  Doesn't mean it won't be new highs on Monday though...

 

The week that is:

Oh, and look what the nephew came home with...

This is Redux 

 

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Central Bank "Put" and US Jobs Push Equities to Record Highs

- This week's focus was squarely on central bank policy decisions and the US April payrolls data. Mid-week the FOMC reinforced the "Bernanke put" by stating explicitly that quantitative easing can be increased if conditions worsen. On Thursday, the ECB cut its main refi rate by 25 bps to 0.5% from 0.75%, while press reports indicated that some members of the governing council were prepared to take even stronger action. On Friday, the April payrolls and unemployment reports were much better than expected. Equity markets were flat through mid-week, but then the ECB decision and the US jobs numbers pushed the S&P500 above 1,600 and the DJIA above 15,000 for the first time ever. The DAX closed on Friday at 8,122, its highest closing level ever and only points away from intraday highs. Crude pushed out to one-month highs above $95 as of Friday, and while gold was mostly flat on the week the yellow metal has retraced roughly half its losses from the mid-April slide. For the week, the DJIA gained 1.8%, the S&P500 added 2% and the Nasdaq rose 3%.

- The April jobs report may not have been a "substantial improvement" in labor market conditions, but it was better than expected. Ahead of the release, expectations had been downbeat after the ADP report missed estimates by over 30K. Thwarting expectations, non-farm payrolls rose 165K versus the 140K estimate and the earlier months of 2013 were revised higher, fueling a new surge in stocks. The disappointing March nonfarm figure was revised up to +138K from +88K, while February nonfarm payrolls were revised up to +332K from +268K. The YTD average is now 196K versus 183K for 2012 as a whole. The decline in the unemployment rate to 7.5% from 7.6% likely reflects a real gain in employment rather than people leaving the workforce as the labor force participation rate held steady at 63.3%.

- The FOMC statement was revised only slightly, refraining from commenting on recent fluctuations in the economic data. The Fed did take the opportunity to remind everyone that its ability to revise the QE program does not exclusively mean tapering, and that the Fed can boost asset purchases above $85B/month if the outlook on the labor market and inflation expectations deteriorate further. The Fed's revised statement said that it is "prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes."

- Apple sold $17B of bonds this week to help finance a return of $100B in capital to shareholders. Apple has $145B of cash but only $45B on hand in the US, and thus not enough to fully fund its expanded dividend and share buy-back program. The company issued $3 billion of floating-rate notes and $14 billion of fixed-rate securities in six parts with maturities from three to 30 years. The offering was very well received as investors found a new avenue for investing in the world's premier device maker; the order book was very strong, reaching over $50B.

- Insurance names had an extremely successful March quarter as better pricing levels helped firms beat earnings expectations. AIG's property and casualty business booked its first underwriting profit in two and a half years in Q1. Prudential saw its biggest one-day gain in two years after the firm's earnings crushed expectations thanks to blowout profits at its international unit. Metlife and Allstate also had excellent quarters.

- Reports this week showed April US auto sales slipped below a 15M annual rate (SAAR) for the first time since October. Ford, GM, Chrysler all posted double-digit y/y gains in April as expected, though Ford was the only one of the Big-Three to beat estimates. Toyota and Nissan posted worse than expected results for the month. GM's flagship pickup truck, the Silverado, had an April sales rise of 28% while Chrysler's Ram pickups rose 50%. In quarterly results out this week, GM saw its net income and revenue fall y/y, although after certain items EPS beat expectations.

- Facebook's monthly and daily active user numbers are higher than ever, topping 1.11B and 665M, respectively. However, it is worth noting the slow decline in that growth rate over the past year on deeper penetration into the US and Europe. Earnings missed by a hair but FB shares rose on strong growth in mobile users and advertising revenue.

- The consensus coming into the week was that an ECB rate cut was a real possibility at the May meeting on Thursday. On Monday the preliminary March German CPI report indicated German inflation was hitting multi-year lows. Then on Tuesday the March eurozone unemployment rate hit another all-time high at 12.1%, paving the way for ECB to cut rates. At the post rate-decision press conference, ECB Chief Draghi kept door open for more easing and outlined preliminary measures to increase credit flows. Midway through the conference, Draghi stated that the ECB was "technically prepared" for negative interest rates, which knocked the EUR/USD pair down from 1.3218 to around 1.3060. The euro strengthened a bit on Friday, ending the week around 1.3112.

- The yen sustained the levels seen after last Friday's disappointing BoJ policy announcement through most of the week. USD/JPY failed to move below the 97 handle several times during the week spurring dealer chatter of a possible binary option play. There were several reports circulating of an outstanding 97.00-104.00 option structure as well. After the strong US payroll data, the pair was back above the 99 handle and seemed poised to test parity in the near future.



TradeTheNews

May 3 2013

Despite slow gap'n stall day, we did admirably well, by staying relaxed, taking the most compelling trades and booking realistic profits. Good way to finish a good week.


Session Time: Fri May 03 00:00:00 2013
[07:18] {KSystems} morning
[07:28] {thomcbell} GM
[08:37] {nemo} might as well take the day off, this isn't tradeable
[08:43] {KSystems} you sound like there are _any_ tradeadble markets for you nemo
[08:45] {nemo} no, but big gap ups, and this is a monster, usually are grind days with no range
[08:45] {KSystems} :-)
01[08:52] {Threei}  ummm... yikes?
[08:52] {KSystems} oh
[08:54] {nemo} yeah....belly button lint cleaning time
[09:02] {nemo} 161.61-.75 area next resistance
[09:05] {patel} good morning
01[09:06] {Threei}  patel :)
[09:06] {stevw} g'mornin
01[09:07] {Threei}  stev :)
[09:07] {thomcbell} Stevie w
[09:07] {stevw} howdy
[09:13] {jdetente} good morning all
[09:13] {dino} gm
[09:14] {nemo} go back to bed, dino
01[09:14] {Threei}  jd, dino :)
[09:14] {Alexs} gm
01[09:15] {Threei}  alex :)
[09:15] {jdetente} has volatility officially died?
01[09:16] {Threei}  ?
[09:16] {nemo} no, we gapped up so hard on jobs, unless it comes in, probably done the range for today
[09:16] {jdetente} just looking at the VXX
01[09:16] {Threei}  oh
[09:16] {nemo} next resistance between .61-.75
[09:16] {nemo} nobody will buy vxx today, overseas markets will rocket higher on Monday
[09:19] {Will49} gm
01[09:19] {Threei}  will :)
[09:21] {RonS} gm
01[09:21] {Threei}  ron :)
01[09:23] {Threei}  poor goldbugs
01[09:25] {Threei}  GDX begs to be shorted on .60 break
01[09:25] {Threei}  will it wait for us?
[09:29] {cipher} gm
[09:29] {backman} gm
01[09:29] {Threei}  cipher, bman :)
01[09:30] {Threei} Short Setup: GDX  .60 break if stays under .70
01[09:31] {Threei}  valid still
01[09:36] {Threei} Short Setup: SWY  .55 break
[09:38] {Alexs} stop .65?
01[09:39] {Threei}  yup
01[09:39] {Threei}  .66 of course
01[09:39] {Threei}  this is going to be teeth pulling day
[09:39] {nemo} flossing with barbed wire and rinsing with alcohol
01[09:41] {Threei}  merely 10 min in, scanner isn't moving
[09:41] {cipher} LBTYA L.21
[09:42] {cipher} out .41 +.20
[09:42] {jdetente} good day for a bourbon...oh wait that's everyday
[09:42] {nemo} start now
[09:43] {dino} adnc sm l .93
[09:44] {jdetente} the excuse is that it's Kentucky Derby weekend, right?
01[09:44] {Threei}  there is a need in excuse?
01[09:44] {Threei} Short Setup: GDX  .80 break
[09:44] {backman} my toothpaste is laced with it
01[09:45] {Threei}  If holds  .88
01[09:46] {Threei}  SWY no go
01[09:48] {Threei} Short Setup: LO  .70 break hl
01[09:48] {Threei}  If holds  .80
[09:48] {cipher} SINA L.19
[09:49] {cipher} out .31
01[09:50] {Threei}  trail GDX to .86
[09:50] {cipher} ADNC L.82
[09:51] {cipher} athn l.61
01[09:52] {Threei}  GDX 1:1
[09:52] {cipher} out .43
[09:53] {cipher} out ADNC .99
01[09:53] {Threei}  trail LO to .76
[09:57] {RonS} took adnc .89 to 14.20  +.31 thanks dino
[09:57] {thomcbell} long setup ddd 41.01 break if holding 40.90
01[09:57] {Threei}  wtg
[09:57] {dino} np ron
[09:58] {thomcbell} ddd invalid
[09:58] {thomcbell} still watching
[10:00] {thomcbell} slw
01[10:00] {Threei}  (US) MAR FACTORY ORDERS: -4.0% V -2.9%E
01[10:01] {Threei}  *(US) APR ISM NON-MANUFACTURING COMPOSITE: 53.1 V 54.0E
[10:01] {nemo} above 50 is expansion, by vwap
01[10:01] {Threei}  (US) Mar Durable goods revised to -5.8 from -5.7%
[10:02] {dino} out adnc .10, +.17
[10:03] {nemo} HUM looks short
01[10:04] {Threei}  LO 1:1 is close enough, half out
01[10:04] {Threei}  stop to .71
[10:04] {nemo} scalp if you're shorting
[10:05] {jdetente} feels like that kinda day
[10:06] {jdetente} or shall I say appears...leaving feelings out of it :)
[10:07] {dino} rwt sm l .27
[10:08] {thomcbell} prlb looking for short entry - ddd way off highs
[10:11] {backman} got booted...miss..anything
[10:11] {Will49} missed falling asleep
[10:13] {backman} dreamy brown eys
[10:13] {Will49} see Bman?...just you and I awake
[10:13] {jdetente} the rest of us are drunk
[10:13] {Will49} :)
01[10:13] {Threei}  try this: attempt to slap your cheeks with your ears. This should wake you right up
01[10:14] {Threei}  if it doesn't work, try the cross pattern,
01[10:14] {Threei}  left cheek with right ear and vice versa
[10:14] {backman} reminds of an experience with a hooker i once knew
[10:14] {Will49} LOL
01[10:14] {Threei}  ummm
01[10:14] {Threei}  lol
[10:14] {jdetente} ahahaha
[10:15] {jdetente} hey Nemo did you find Redux?
[10:15] {jdetente} https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcL5zpuNZ70goWK5jlsj6aTspogNekAjRuS43-XekncXifizXBPzpxgBmvvGmVkpbARcPDSoflCYM0TaIRVis_IFizFlQLl5DOE0dHFETY6Z8nbStdVqrthoeEfO6haTCL8eRniVLBAcTG/s1600/Funny+Rabbit+Pictures_1.jpg
[10:19] {patel} TNA break of 45?
[10:19] {dino} adnc sm l .98
[10:19] {cipher} ACHC S.95
[10:20] {cipher} cov .79
[10:21] {nemo} oh, I got one of those
[10:22] {cipher} ACHC L.83
[10:23] {cipher} EVEP drop
[10:25] {nemo} yeah, Redux is around
[10:25] {dino} watching it cipher
[10:26] {dino} sm l .94
[10:26] {cipher} evep l.94
[10:26] {cipher} stopped .80
[10:28] {dino} hooker
[10:28] {nemo} vad email
01[10:33] {Threei}  cute
[10:34] {nemo} post redux, would ya?
01[10:34] {Threei}  it requires firing up photoshop
01[10:34] {Threei}  cropping it etc
[10:34] {nemo} 30 seconds or so
01[10:35] {Threei}  it's not about 30 seconds, it's about photoshop covering 2 out olf my 4 monitors
01[10:35] {Threei}  having trade open and looking for more, may I do this in an hour? thank you for your kind consideration {G}
[10:35] {nemo} yeah, there's just so much going on right now
01[10:35] {Threei}  sigh
[10:37] {patel} out of TNA +.30
01[10:37] {Threei} Short Setup: CAT  .50 break hl
01[10:37] {Threei}  If holds  .60
[10:37] {dino} evep stop .69, -.25
[10:37] {cipher} QCOR L .92
[10:39] {cipher} evep s .71
[10:40] {cipher} cov .52
01[10:41] {Threei}  Invalidated
[10:41] {cipher} evep l.50
[10:41] {backman} nice patel
[10:43] {nemo}  pic.twitter.com/QC2a2GLzWO
03[10:43] * Retrieving #discussions modes...
[10:46] {jdetente} cute little guy
[10:46] {nemo} grown already
[10:47] {nemo} I sent it to Vad to post, but the meany wouldn't do it
[10:49] {patel} http://www.cnn.com/2013/05/03/world/asia/kyrgyzstan-us-aircraft-missing/index.html?hpt=hp_t2
[10:50] {Les} yo, what are we in?
[10:51] {Les} like that is it?
[10:51] {Will49} everybody sleeping
01[10:51] {Threei}  one half open trade
[10:51] {nemo} Les...Redux:   pic.twitter.com/QC2a2GLzWO
[10:51] {cipher} JAZZ L.85
01[10:51] {Threei}  but not worth getting in now
[10:52] {Les} k, morning all
[10:52] {Les} still living and getting bigger is it Nemo?
[10:52] {nemo} yeah, bigger since he showed up
[10:52] {Will49} morning Les
[10:53] {Will49} what time is it there?
[10:53] {Les} FCX gap closure form April drop
[10:53] {Les} 5pm
[10:54] {Will49} so, where were you at 3:30?
[10:54] {Will49} just prying :)
[10:55] {Les} job interview
[10:55] {Les} OSTK sucking em in
01[10:57] {Threei} Short Setup: C  .25 break
[10:58] {RonS} wprt
[10:58] {Les} GDX 30 recross holding .90?
[10:58] {Les} or wait for a db?
01[10:59] {Threei}  don't see much edge either way
[10:59] {Les} k
[11:01] {dino} evep .50 break l
[11:02] {dino} teva spike
[11:03] {Les} looks like a Friday Merdic as they say in French
[11:05] {Les} break of FXE 130 if holding .10?
[11:05] {Les} selling the Euro
[11:05] {dino} teva sm s .31
[11:05] {backman} jpm trying to hold bottom
[11:06] {nemo} tna at support
[11:07] {Les} quick 1:1 for Euro trash
[11:08] {Les} wanna be there selling this trash currency when it jumps off a cliff
[11:08] {Les} short JPM .15 stop .20
01[11:08] {Threei}  DJIA tops 15,000 for the first time, fresh record high
[11:09] {Les} stop on C?
[11:09] {thomcbell} fb - i guess that was 100mm shares of short covering yestserday
[11:09] {Will49} regular stop on C vad?
01[11:10] {Threei}  standard, yeah
[11:10] {Will49} tks
[11:10] {dino} adnc stop -.33
01[11:10] {Threei}  it spent so much time under .30... will trail it quicker than usual as it moves
[11:11] {cipher} VRTX L.29
[11:11] {Les} cover half jpm .05
01[11:12] {Threei}  stop to .31
[11:13] {Les} banksters don't see eye to eye with Dow 15k
[11:13] {nemo} you seen the FAS?
[11:14] {Les} hmmmm
[11:14] {Les} so why JPM and C?
[11:15] {Les} looks like GS found resistance at 50dma here. see how it goes
[11:18] {dino} cov teva .81, +.50
[11:18] {RonS} good call hum nemo...you take it?
[11:19] {nemo} huh?  no...don't trust shorts in this market, but looking at that should be good to .25ish
01[11:19] {Threei}  1:1
[11:19] {Les} jpmj 1:2
[11:20] {dino} rwt stop -.07
01[11:21] {Threei}  1:2
01[11:21] {Threei}  me out
[11:21] {Will49} me too tks Vad
[11:21] {cipher} acor l .54
01[11:21] {Threei}  :)
[11:21] {jdetente} thanks Vad
[11:22] {nemo} bounce spot FAS
[11:22] {Les} see your reasoning on the big vol. drop into support all covered ty
[11:22] {Les} JPM full covered .86
[11:22] {Les} as we say in Oz, near enough is good enough
01[11:23] {Threei}  nice nail on two banks
[11:23] {cipher} out VRTX .56 +.27
[11:23] {Les} nice work if you can get it
01[11:23] {Threei}  I haven't looked at JPM since it became too narrow recently
[11:23] {Les} just used a blank one minute chart
01[11:24] {Threei}  haha
[11:24] {Les} and it was screaming llllleeeeessssssss!!
01[11:24] {Threei}  it works, doesn't it
01[11:24] {Threei}  there you go
01[11:25] {Threei}  conversation I have from time to time:
01[11:25] {Threei}  OK, so I went over your chart patterns, fine, they look useful, realistic, etc,
01[11:26] {Threei}  but what defines the setup?
01[11:26] {Threei}  I: ummm... huh? Those same opatterns do
01[11:26] {Threei}  - Hmmm... yeah, I saw them... but, when I am looking for a trade, what should I be looking at?
01[11:26] {Threei}  I: ummm... huh? At these same patterns
01[11:27] {Threei}  amazing how people just can't believe that it's really this simple, and nothing else is needed
01[11:30] {Threei}  wow, JPM really takes it on the chin
[11:31] {Les} starting to relax and let market decide, which definitely improves P&L sheet
[11:32] {backman} so, my trading was really struggling....I've started trading last few days without charts for first 2 hours....just taking calls...then, open charts, reflect on setups, etc...oh, yes,,,,green last few days
[11:32] {Les} http://www.spiegel.de/international/europe/new-memoto-mini-camera-captures-life-in-30-second-snippets-a-897900.html
01[11:32] {Threei}  meaning, not taking the trades from ideas different from our setups?
[11:33] {Les} yeh Bman been doing that for years. The drugs are helping, but so is letting go
[11:33] {backman} yes, none of my own trades for 1st 2 hours
01[11:33] {Threei}  good
01[11:33] {Threei}  doesn't mean there is no place for one's own trades,
[11:34] {thomcbell} nice c&h in process on bx in 1 minute chart
01[11:34] {Threei}  but basics must be mastered before you start working on your own deviations
[11:35] {Will49} I say amen to that
01[11:36] {Threei}  great tp heat it works for you, bman
01[11:36] {Threei}  to hear
[11:36] {backman} thanx
[11:36] {backman} no ego ...no distractions
[11:37] {RonS} cutting edge photography:  bloom.bg/16yvm5E
[11:39] {Les} rig .10 short?
[11:39] {Les} barely trading
01[11:40] {Threei}  can't tell
[11:43] {cipher} evep short covering?
[11:45] {RonS} vrtx db
[11:45] {RonS} vrtx L 76.10
[11:46] {thomcbell} bx invalidated
[11:46] {Les} http://jessescrossroadscafe.blogspot.ch/2013/05/greg-palast-introducing-obamas-new.html
[11:46] {Les} Obama shows his hand
[11:47] {Les} fraudsters r us
[11:47] {dino} out evep .92, +.40
[11:48] {cipher} vrtx l .18
[11:48] {RonS} nuts missed thor...selloff due to gs downgrade from conviction buy to buy
[11:50] {RonS} good thing ese gone Les...he would be whining now...
[11:51] {dino} thor lower heart pump sales i think ron
01[11:51] {Threei}  he is back on Monday, and I am telling
[11:51] {RonS} thx
[11:51] {Les} He an O man is he?
[11:52] {RonS} ever known a musician and/or teacher who wasn't a bleeding heart liberal?
[11:52] {RonS} it's in the DNA...
[11:53] {Les} I used to be one of those...
[11:53] {Les} then vad showed me how to follow the money
[11:53] {thomcbell} vad you see anything here on gdx slw
01[11:54] {Threei}  great, I am responsible for another fallen soul
01[11:54] {Threei}  GDX... .80 break
[11:54] {dino} greed is good
01[11:54] {Threei}  I am just not sure it hasd enough drive
01[11:54] {Threei}  SLW, .75 break
01[11:54] {Threei}  this one probably had better chance of working
[11:56] {RonS} out vrts flat not acting well...
[11:56] {Les} new bankster dive
[11:57] {dino} taking a break
[11:57] {nemo} more stuf showing up on weak side
[11:58] {nemo} fcx
[11:58] {nemo} fcx
[11:58] {nemo} fcx
01[11:58] {Threei}  SLW 1:1
[12:03] {nemo} nke
[12:03] {nemo} seller at .54
01[12:04] {Threei}  what was that seizure about FCX?
[12:04] {nemo} irrational exuberance
01[12:05] {Threei}  ah
[12:06] {Les} NKE .50 short holding .55?
[12:06] {nemo} almost a two way, and the problem is lunch on Friday
[12:07] {Les} yeh
[12:09] {backman} can u send a test alert?....i didn't receive an audio?
[12:09] {cipher} out VRTX .43 +.25 thx Ron
[12:11] {cipher} RPRX S.00
[12:13] {cipher} out EVEP .00 +.50
[12:15] {nemo} lulu might be a short
[12:17] {nemo} fas showing short
[12:17] {nemo} .45 should be resistance
[12:22] {Les} bunny boy, you were watching an FBI sci fi series yesterday. what was it called?
[12:22] {nemo} Fringe
[12:22] {nemo} Supposed to take place in Boston
[12:22] {Les} series 1 worth watching?
[12:22] {nemo} yeah
[12:22] {Les} 1st season
[12:22] {cipher} cov rprx .90 +.10
[12:23] {nemo} cracks me up
[12:23] {nemo} They find a "victim" in Roxbury
[12:23] {nemo} If you're from around here, and you see that scene, you'll laugh because it's all wrong
[12:24] {Les} hmmm so it's a yocal thing then? Not some revamped X files I could chew on?
[12:24] {nemo} although, there was a scene showing the outside of a bar in South Boston out of which I fell more than a few times in my younger days
[12:24] {cipher} athn l.35
[12:24] {nemo} well, I think it comes from a similar tree, characters are pretty good
[12:25] {nemo} look for jpm short setup here , or perhaps closer to 48
[12:25] {Les} DT on FAS .50 would be nice
[12:28] {cipher} out athn .05 -.30
[12:28] {nemo} crus
[12:28] {nemo} might want to close the gap
[12:29] {Les} vad fas .45 short?
[12:29] {Les} holding .50?
01[12:29] {Threei}  meh
[12:29] {Les} ah bon?
01[12:29] {Threei}  .50 ling is more likely
01[12:29] {Threei}  long
[12:29] {Les} k
[12:35] {nemo} rax
[12:36] {dino} adnc sm l .25
[12:36] {cipher} athn s .70
[12:41] {cipher} cov .61
[12:42] {nemo}  cat
[12:42] {Alexs} fas valid?
[12:42] {cipher} RPRX L.85
[12:43] {cipher} PETM L.77
[12:48] {thomcbell} slim pickings
01[12:48] {Threei}  really can't twll, market fully stalled
[12:49] {cipher} ATHN L.07
[12:53] {nemo} jpm
[12:56] {nemo} vrtx
[12:57] {thomcbell} nasty drop wprt
[13:00] {cipher} wprt l.20
[13:02] {thomcbell} long setup su 31.10 break if holding 31
[13:02] {thomcbell} large cup and handle on 10 min
[13:02] {cipher} PETM stopped -.13
[13:12] {backman} man....CAT is hanging on a clif
[13:12] {thomcbell} kors - 58.64 long break
[13:13] {thomcbell} will look for a quick 1:3 if it triggers
[13:13] {cipher} out WPRT .50 +.30 thx tbell
[13:13] {thomcbell} cool
[13:13] {thomcbell} what a wild stock
[13:13] {thomcbell} today
[13:14] {Les} JPM weakness returning
[13:20] {dino} manh drop
[13:20] {thomcbell} slw gdx complex looks vulnerable again
[13:22] {RonS} sgmo blood
[13:22] {thomcbell} kors invalidated
[13:32] {dino} manh sm l .70
[13:38] {Les} wanna hit JPM lows vad? .55, .50?
[13:39] {Les} might e good for another bounce here
[13:39] {dino} adnc to .65
01[13:39] {Threei}  don't have a feel for it
[13:39] {Les} k
[13:40] {thomcbell} gdx right near pivot here - slw still 0.30 cents above
[13:52] {Les} someone want s out of JPM
[13:54] {dino} mrin drop
[13:56] {Les} TNA dt if its gonna happen
[13:56] {Les} DB
[13:58] {thomcbell} wow jpm
[14:00] {Les} db JPM would be nice
[14:02] {dino} out adnc .80, +.55
[14:03] {nemo} dltr bounce territory
[14:04] {dptl} good afternoon all :)
[14:04] {thomcbell} su invalidated - never triggered
[14:04] {nemo} pickles and vodka to you
01[14:04] {Threei}  hey dp
[14:05] {dptl} sounds good :) did you miss me Nemo i see :) Hey Vad
[14:06] {nemo} ahhhh...see why jpm weakness
[14:06] {nemo} http://bit.ly/105nk1q
[14:06] {nemo} not really dp
[14:06] {nemo} I'm just trying to fake like I care
[14:07] {dptl} i thought so lol...
[14:07] {Will49} dp!!!!! how you doin'?
[14:07] {dino} manh to .00
[14:07] {dino} dp!
[14:08] {dptl} hey Will , Dino......
01[14:12] {Threei} Long Setup:  JPM  .20 break
01[14:12] {Threei}  If holds  .10
[14:15] {Alexs} whats the target jpm?
01[14:15] {Threei}  should be capable of 1:2
[14:16] {nemo} .50 easy
01[14:16] {Threei}  beyond that, can't tell
01[14:16] {Threei}  1:1
[14:17] {nemo} oh oh
01[14:19] {Threei}  what?
[14:19] {Les} oh just ignore him vad
01[14:20] {Threei}  you know the secret to these huge gap up and stall days?
[14:20] {Les} had right idea. took wrong ticker. false breakdown in TNA is beautiful setup
[14:20] {Les} IWM so so
01[14:21] {Threei}  as much as they are not favorable for our trading approach, you still can squeeze some juice out of them, as we do today,
01[14:21] {Threei}  by coming into the day with this idea:
01[14:21] {Threei}  there will be no trades.
01[14:21] {Threei}  at all
01[14:21] {Threei}  none
01[14:21] {Threei}  going to sit and do nothing
01[14:21] {Threei}  Unless...
01[14:21] {Threei}  something is so obvious, so screaming "take me"
01[14:22] {Threei}  with small risk
01[14:22] {Threei}  and even half of those you'll dismiss
01[14:22] {Threei}  and take only those that youi just can't ignore
01[14:22] {Threei}  this si exactly what we did so far today, and look... low stress, nicely in profit
[14:22] {dino} manh to .10
01[14:23] {Threei}  look at SPY... locked in flat line since 10:30
[14:23] {dino} out manh .09, +.39
01[14:24] {Threei}  yet we do find some victim here and there, and gnaw at its throat with determination not unsimilar to nemo's when he open another bottle of rum
[14:24] {Les} nature is unkind
06[14:25] * Threei pats himself on the back for a good metaphore
[14:25] {nemo} whoa
06[14:25] * Threei dislocates shoulder and goes for his own bottle of rum
01[14:25] {Threei}  what? you didn't like my definition of extreme determination?
01[14:26] {Threei}  1:2
01[14:26] {Threei}  my a$$ is out
01[14:26] {Threei}  .50 could be a toughie...
[14:26] {nemo} I don't believe I indicated favor or disdain
01[14:26] {Threei}  don't want to break that wall with my forehead
01[14:26] {Threei}  so I have your approval?
01[14:26] {Threei}  well... no I... my analogy
[14:27] {nemo} oh, damn
[14:27] {nemo} I was hoping
[14:27] {dino} that elli is one strange trade. beats by .03 and drops 3 bucks
[14:27] {dino} raised guidance too
01[14:27] {Threei}  how many times we've seen that, dino :)
[14:27] {nemo} mnst coming into bounce territory
[14:27] {thomcbell} all indexes at new high except iyt -
01[14:27] {Threei}  by now I deem strange those that do go up when raise, or drop when lower guidance
[14:27] {thomcbell} spx djia comp mid iwm
[14:28] {dino} indeed vad. still amazes me. others miss by .03 and go up 5 points
01[14:28] {Threei}  yup :)
01[14:29] {Threei}  and those idiot academics still talk about logical and efficient markets
[14:29] {dino} hate to do it, but pullback to 24 and i may (dare I say it) buy for a swing
[14:29] {dino} or, maybe buy calls
[14:35] {backman} any thoughts on C here?
01[14:36] {Threei}  not really... kind of drifting aimlessly
[14:41] {thomcbell} ddd small long 40.10
[14:43] {cipher} ddd l.12
[14:47] {stevw} short FB at .23
[14:48] {cipher} thrx l.69
[14:55] {cipher} out DDD .17
[14:55] {cipher} out THRX .72
01[14:58] {Threei}  nice FB
[15:00] {thomcbell} amazing how bad fb after a fairly consturctive day yest
[15:02] {stevw} well that sucked!
01[15:02] {Threei}  C Reportedly wins an injunction to prevent the approx $385M award in arbitration
01[15:07] {Threei} Long Setup:  JPM  .50 break
01[15:07] {Threei}  If holds  .40
[15:11] {patel} any targets
01[15:12] {Threei}  no... just partial and trail by the book
[15:19] {cipher} aegr l.98
[15:25] {cipher} acor l.17
[15:27] {cipher} ilmn l.65
01[15:31] {Threei}  Official: DNA samples taken from Boston bomb shows no match to Tsarnaev's widow
[15:31] {jdetente} JPM touched 1:1 a minute ago...
[15:34] {cipher} out ilmn .88 +.23
[15:39] {_passmm} thanks Vad, good week... hope to be back some day
[15:40] {backman} have a good wknd all ....out of here
[15:40] {Will49} see ya guys
[15:40] {thomcbell} take it easy all
[15:40] {Les} cheers
01[15:40] {Threei}  have a good one guys
01[15:41] {Threei}  OK, let's call it a day
01[15:41] {Threei}  a week too
[15:41] {Les} noooooooooooooooooooooooooooooo
01[15:41] {Threei}  glad you had fun passmm
[15:41] {Will49} be good everyone
[15:41] {Les} dunno what I missed, but good day nonetheless a+
[15:41] {jdetente} good trades for a slow day. Thanks Vad. Good weekend all.
01[15:41] {Threei}  your nearest chance to be back id this MOnday :)
01[15:42] {Threei}  have a great weekend guys, we certainly will here with +23C promised
[15:42] {patel} take care
01[15:45] {Threei}  btw, BBRY acts like a piece of crap on this very strong day
[15:47] {thomcbell} yes along with FatBook
[15:47] {thomcbell} FB
[15:58] {dino} gn all

May 2 2013

Very decent day with couple stops and a few nice trades working to 1:2 and 1:3. Nothing extra-spectacular, just routine profitable day.


Session Time: Thu May 02 00:00:00 2013


[09:01] {stevw} hmm ... seems a little sleepy in here
01[09:02] {Threei}  a little? I for one am trying to cover my eyes with my ears, to prolong the state of denial
[09:03] {stevw} were the canucks playing last night or something?
01[09:04] {Threei}  don't know
[09:06] {Les} do we need to know?
[09:06] {Les} morning
01[09:06] {Threei}  les :)
[09:07] {Les} hmmm potential DB in doctor copper futures
[09:07] {Les} found yer pills or drink Nemo? Ready to start the day?
[09:08] {nemo} Just got back from father's doctor's appointment, was out of the house at 6 am
[09:08] {Les} how's he doing?
[09:08] {nemo} fine....eye doing o.k.
[09:10] {Les} good stuff
[09:10] {nemo} and you think I'm incorrigible
[09:11] {jdetente} good morning all
01[09:11] {Threei}  jd :)
[09:12] {Les} FDX seeking out new yearly low
[09:16] {Les} dollar greening up with equities. Super Mario said something reassuring?
[09:17] {Les} think the ECB spoke today
01[09:17] {Threei}  as usual
01[09:17] {Threei}  we will do all we can to kill the hope that we may go away
[09:18] {Les} heh brother of Ben
01[09:18] {Threei}  Germa fin min demonstrated total lack of imagination:
01[09:19] {Threei}  - German Fin Min Schaeuble stated that he was considering withdrawing flat-rate withholding tax. He added that the anti-Euro party won't succeed and he could not imagine Euro collapsing
[09:19] {Les} it's surprising the number of people ive spoken to who say no way euro can disappear
[09:20] {Les} this big project mentality seems to leave an imprint on the imagination, or lack of
[09:20] {Les} can it nemo
01[09:20] {Threei}  how many in 1990 would answer yes to a question whether USSR coluld dissolve?
[09:21] {nemo} Master Tai did in the 60's...just didn't know when
[09:21] {Will49} gm
01[09:21] {Threei}  will :)
[09:22] {Alexs} gm
[09:22] {cipher} gm
01[09:22] {Threei}  alex :)
01[09:22] {Threei}  cipher :)
[09:22] {Les} yeh, in this sense of trading and everything else that goes on in this world, I see importance of Mushin, Zanshin and Wu wei
[09:23] {Les} wu wei definitely the hardest
[09:25] {RonS} gm tm et al...
01[09:26] {Threei}  ron :)
[09:26] {jfjf64} mornin boys
01[09:26] {Threei}  jf :)
01[09:28] {Threei}  with gap slowly fading, first ray of hope would be GDX 30 break short
01[09:28] {Threei}  providing it waits for us, and stays under .10
01[09:29] {Threei}  yeah right
[09:29] {jfjf64} lol
[09:29] {Will49} it's the thought that counts
01[09:29] {Threei}  whole lot of waiting it did, eh :)
[09:30] {jdetente} 1:2 lol
[09:30] {stevw} FB gap higher open
01[09:30] {Threei}  yeah, this one on radar
[09:31] {nemo} watch for fdx failure in .60 area
01[09:32] {Threei} Long Setup:  FB  .20 break
01[09:32] {Threei}  If holds  .10
[09:33] {nemo} right
01[09:33] {Threei}  Invalidated
01[09:33] {Threei} Short Setup: GDX  .80 break
01[09:33] {Threei}  If holds  .90
[09:34] {nemo} well, maybe .45 on that fdx
01[09:35] {Threei}  1:1
01[09:36] {Threei}  1:2
01[09:37] {Threei}  1:3, over and out
[09:37] {jfjf64} ty sir
[09:37] {Alexs} ty Vad
01[09:37] {Threei}  yw
[09:37] {Les} by the book ty
01[09:37] {Threei}  good thing first ray of hope wasn't last
[09:37] {Will49} Tks Vad, way to start
01[09:37] {Threei}  :)
01[09:38] {Threei}  I don't know what we are going to do when miners reverse their downtrend... life as we know it will be over
[09:38] {Les} FB reversal setup
[09:38] {Les} ?
01[09:40] {Threei} Long Setup:  LVS  .20 break hl
01[09:40] {Threei}  change to .10
01[09:40] {Threei}  If holds  57
[09:41] {nemo} spready early
[09:43] {thomcbell} short setup C 45.96 braek
[09:44] {nemo} lvs two way now
[09:46] {nemo} could go for gap close
[09:46] {nemo} oh yeah
01[09:46] {Threei}  meh
[09:46] {jdetente} well that was a huge gap meh
[09:47] {Will49} hairy thing to trade
[09:47] {nemo} indexes doing nothing, gap, makes sense
01[09:47] {Threei}  that's why hl
[09:47] {backman} spread on it keeps me away
[09:47] {nemo} should bounce .60
[09:47] {thomcbell} c 1:1
[09:47] {Will49} I was half scared
01[09:48] {Threei} Long Setup:  CAT  .40 break hl
01[09:49] {Threei}  If holds  .30
[09:49] {nemo} lvs too
[09:49] {thomcbell} lvs is lunacy
[09:49] {thomcbell} c 1:2
[09:50] {nemo} look yesterday's high on lvs thom
[09:52] {thomcbell} y i see it
[09:52] {nemo} first 15 minutes of market is low liquidity, easy to get bounced...those early levels usually the places
[09:53] {thomcbell} c cleaning up last qtr here 45.70
01[09:54] {Threei}  wtg
[09:55] {thomcbell} vz at gap
[09:56] {nemo} getting that doji feel again
01[09:57] {Threei}  SPY has hard time
01[09:57] {Threei}  if can't break 159, going back to shorting
[09:58] {nemo} if it gets through, .35 area next price resistance, with .10ish R1
[09:58] {thomcbell} vz long 52.20
[09:58] {cc_9} morning fellas
01[09:59] {Threei}  still feels as it should
01[09:59] {Threei}  cc9 :)
[09:59] {nemo} well, he can tell time
01[10:00] {Threei}  ok, this SPY push should get us there
[10:00] {thomcbell} vz out 52.50
01[10:01] {Threei}  gj
01[10:01] {Threei}  hmmm... CAT wouldn't follow
[10:02] {thomcbell} vad i didnt have time to type it - my thinking was VZ going back under 52.20 and then using 52.20 as the long trigger
01[10:02] {Threei}  good thinking
[10:03] {thomcbell} i really recommend reading vad's section on those types of setups in 101 trades
[10:03] {thomcbell} im finding so many trades with it
[10:03] {nemo} wlt looks good long here
[10:04] {Les} missed LVS using inverse setup tbell, busy with boys homework
01[10:05] {Threei}  strange SPY stall
01[10:05] {Threei}  would expect it later in the day, not this early
01[10:07] {Threei} Long Setup:  SLW  .45 break
01[10:09] {Threei}  ok CAT, it's time... take .45 and move your butt
01[10:09] {Threei}  finally
01[10:09] {Threei}  1:1
[10:10] {Les} scalped ty
01[10:10] {Threei}  Invalidated  SLW
[10:11] {Les} http://www.spiegel.de/international/business/kremlin-targets-russian-facebook-clone-vkontakte-a-897487.html
[10:11] {Les} Putin doesn't like popular social media...
01[10:11] {Threei}  I am with him on that
[10:11] {Les} hehehe
[10:11] {jdetente} he only likes long horseback rides without a shirt
01[10:11] {Threei}  lol
[10:12] {Les} malboro man
[10:12] {jdetente} and walks on the beach
[10:12] {jdetente} hehe
[10:12] {Les} childhood dream of being actor has found new outlet
01[10:12] {Threei}  I too love those long walks to the fridge
01[10:13] {Threei}  1:2
01[10:15] {Threei}  ok, I'd say my morning experiment proved mostly successful: you CAN trade with your eyes covered by your ears
[10:15] {jdetente} out at 1:2 thanks Vad
01[10:15] {Threei}  yw
01[10:15] {Threei}  holding last piece for 1:3
01[10:16] {Threei}  CAT too likes those long romantic walks
[10:16] {jdetente} the kitty appreciates the pretense...lol
01[10:16] {Threei}  :)
[10:19] {backman} TNA having a good day
01[10:19] {Threei}  SLW still works a hedge
01[10:19] {Threei}  as a
01[10:19] {Threei}  out last CAT on a tril
01[10:24] {Threei} Short Setup: SLW  .20 break
01[10:24] {Threei}  If holds  .25
01[10:27] {Threei}  TNA was a toughie
01[10:27] {Threei}  no reversal setup that I could find,
01[10:27] {Threei}  then .40 break, nice it it was from the point of view of taking resistane, was untradeable
01[10:27] {Threei}  since it spiked right into .40 and broke it with no consolidation of pullback
[10:28] {Les} buy as close to 41 as possible and pray
01[10:29] {Threei}  SLW valid
[10:30] {Les} GLD reversal off 142?
01[10:31] {Threei}  .95 break, yeah
01[10:31] {Threei}  hl
[10:31] {nemo} market gonna' have a little pull in me thinks
[10:33] {thomcbell} long setup hig 28.16 break if holding 28.10
[10:36] {backman} slw bck at .20
01[10:39] {Threei}  no go
[10:41] {jdetente} so going back to Putin. Did you guys see his reaction to the topless protesters from FEMEN?  He gave them a thumbs up.. lol
[10:41] {jdetente} http://www.spiegel.de/fotostrecke/photo-gallery-femen-takes-on-putin-in-germany-fotostrecke-95276.html
01[10:43] {Threei}  probably before he read what they wrote on themselves
[10:43] {nemo} better than looking at tsarina
[10:43] {jdetente} my Russian is a little rusty...
01[10:43] {Threei}  profanity in his address, very rude
01[10:44] {Threei}  of those that start bar fights
[10:47] {nemo} apa short
[10:48] {thomcbell} hig i got stopped
[10:48] {thomcbell} bad setup for time of day - in hindsight
[10:49] {thomcbell} tail on aig vad
01[10:49] {Threei}  at the top?
01[10:50] {Threei}  kangaroo
[10:51] {Les} OSTK one to watch. being hyped as next amazon
01[10:52] {Threei}  rofl
[10:52] {Les} the owner is selling into this rally
01[10:52] {Threei}  for a CEO that spends decades complaining how short sellers suppress the price of his stock, that's a bit rich
[10:52] {nemo} what's up with PRU?
01[10:53] {Threei}  reported yesterday
[10:53] {Les} squeeze day
[10:53] {thomcbell} pru good earnings and met too
[10:53] {thomcbell} lvs vulnerable here
[10:53] {thomcbell} not doing anything with it
01[10:54] {Threei}  speaking of PRU... MET should be a long on .50 break
01[10:54] {Threei} Long Setup:  MET  .45 break
01[10:54] {Threei}  aggressive
01[10:55] {Threei}  If holds  .40
[10:55] {nemo} or when pru breaks  .00
01[10:56] {Threei}  I'd watch PRU as a leader for MET
[10:56] {nemo} right
[10:56] {nemo} that's what I said
[10:56] {jfjf64} who s on first
01[10:56] {Threei}  MET valid
[10:57] {nemo} jf not
[10:57] {backman} .10 stop or .05?
01[10:58] {Threei}  .38 stop if breaks from here
[10:58] {Les} hehehe jf classic
[10:59] {jfjf64} lol
[10:59] {nemo} makes sense Les would find humor in that
01[11:00] {Threei}  1:1
01[11:00] {Threei}  target 1:2 or 1:3
01[11:01] {Threei}  can't tell
01[11:01] {Threei}  just play by the book
[11:01] {Les} didn't sweep me holding .45 as stop now
[11:02] {thomcbell} c 45.88 break if holding 45.98
[11:02] {thomcbell} short setup
[11:03] {thomcbell} lvs wow didnt think it had 0.50 cents in it
[11:04] {Les} PRU just found its top
[11:04] {Les} at least in short term
01[11:05] {Threei}  MET is holding though
[11:05] {Les} yeh
[11:06] {Les} first thunderstorm for the year moving in
[11:06] {nemo} pnc might bounce here
[11:07] {nemo} why don't you go out on the roof, and hold up an antenna
[11:07] {cc_9} WLT = sexiest chart of the day.
[11:07] {Les} antenna?
[11:08] {Les} everything's buried in this country ya dufus, like your head
[11:08] {Will49} be nice kids!
[11:08] {nemo} like it short here  0 of 9
[11:08] {Les} .50 break PRU?
01[11:08] {Threei}  nah
01[11:08] {Threei}  enough of these spread-jumpers
[11:09] {Will49} amen
[11:09] {Les} agreed
[11:11] {Will49} hwy...never more, how are you?
[11:11] {Will49} hey
01[11:11] {Threei}  careful will... you know you are in troubles when Raven starts circling above you
[11:11] {Will49} only buzzards bother me
[11:12] {nemo} going for all time highs on spy
01[11:12] {Threei}  really? you haven't heard about the owl attacking people in Beacon Hill park then
[11:12] {Will49} yeah..did
[11:13] {Will49} Park is a dangerous place in nesting season
[11:13] {Raven} {}
[11:13] {dino} cp spike
[11:13] {Will49} specially crows
[11:14] {RonS} 2 mos ago had an owl fly 5 feet right over my head, looking down...diaper time...
[11:14] {dino} sm s .49
[11:14] {backman} got booted....did MET make 1:2 ?
[11:14] {Will49} trivia: Victoria is crow capital of North America
01[11:14] {Threei}  no
[11:14] {jdetente} not yet
[11:15] {backman} tu
01[11:15] {Threei}  great horned once amazed me flying inches from my cheel - absolutely silently
01[11:15] {Threei}  no sound at all
[11:16] {nemo} almost had an owl land on me while sitting in a treestand
01[11:16] {Threei}  I have its photos somewhere, lemme find them...
[11:16] {Will49} he liked your beard
01[11:16] {Threei}  http://photography.realitytrader.com/2012/08/great-horned-owl.html
[11:16] {dino} cp stop .69, -.20
[11:17] {dino} rinsed
[11:18] {RonS} nemo needs copies so can show bunny to make her tremble
[11:18] {nemo} think cat might be a short here
[11:18] {nemo} got to show Redux now too
01[11:19] {Threei} Long Setup:  C  46 break
01[11:19] {Threei}  If holds  .94
[11:21] {nemo} here come spy new highs
01[11:21] {Threei}  it touched 160 yesterday before open, nemo
[11:21] {nemo} 160.12 to be exact
[11:22] {nemo} they have to give CNBC something to cheerlead about
[11:25] {backman} stop on c .93?
01[11:25] {Threei}  right
01[11:25] {Threei}  target 1:2
[11:27] {nemo} mpc looks short under .30
[11:28] {nemo} volume spike last minute
01[11:29] {Threei}  half out .09
[11:34] {thomcbell} pru coming in a bunch
[11:40] {Will49} MET = bladder buster
01[11:40] {Threei}  lol
[11:41] {Will49} that's what hard stops are for, right Vad?
01[11:41] {Threei}  pretty much
01[11:41] {Threei}  slow stock, won't kill you on a stop
[11:42] {Will49} now there's a kangaroo tail
[11:42] {Les} unless you need a diaper change Will?
[11:42] {Will49} big cork meets my needs
[11:43] {Les} just remember to wash your thumb afterwards
[11:43] {Will49} we have rubber gloves for that over here
[11:44] {Will49} Europeans use bare hands?
[11:44] {Les} no, toilets
[11:44] {Les} you canucks are a sorry lot
[11:44] {RonS} they got no corn cobs...
[11:44] {jdetente} I thought Les used the bidet.
[11:45] {Will49} well at least you spelled it right this time
[11:45] {Will49} canucks
[11:48] {Will49} Vancouver Canucks are shark-bitten this morning
[11:48] {RonS} san jose?
[11:48] {Will49} yes
[11:49] {RonS} my mom's team
[11:49] {Will49} may win it all if goaltending holds up
[11:50] {Will49} best coaching staff in league, imho
01[11:53] {Threei}  MET... can't it be?
[11:54] {Les} took quarter off into thsi spike
[11:54] {Will49} ahhhh, sweet relief
01[11:54] {Threei}  lol
[11:54] {Les} finally pissed yer pants hey
[11:55] {Will49} big empty coffee cup
[11:56] {Will49} anyway, at my age, i have a stack of depends nearby
01[11:56] {Threei}  1:2 baby
[11:58] {thomcbell} lovely
[11:58] {Les} wlt .65 short?
[11:58] {jdetente} 1:3 nice
[11:59] {Will49} out 1:3 worth the painful wait :)
01[12:00] {Threei}  woohoo
01[12:00] {Threei}  Ripley's trade
[12:00] {Les} Ripley?
[12:00] {Will49} rip my bladder
01[12:00] {Threei}  as in \Ripley's Believe it or Not
[12:00] {Les} ah
01[12:01] {Threei}  WLT, coin toss
[12:01] {Les} k
01[12:01] {Threei}  Warren Buffett Joins Twitter
01[12:01] {Threei}  on.wsj.com
01[12:01] {Threei}  Pigs aren�t flying, lambs aren�t lying down with lions, and hell isn�t getting any cooler. But Warren Buffett is joining Twitter.
01[12:02] {Threei}  C 1:2, out
01[12:02] {Threei}  can I go home?
[12:03] {Les} cost you a fifth of vodka
[12:03] {jdetente} didn't C cross back down below entry after hitting 1:1?
01[12:03] {Threei}  it did?
01[12:03] {Threei}  I left for a few min, didn't see it
[12:03] {Les} 100 or 200 shares worth yeh
[12:03] {jdetente} hit 45.98 I believe
01[12:04] {Threei}  lucky bathroom break for me then
[12:04] {jdetente} see it pays not to use depends
[12:04] {backman} yes...i wondered if stop was BE once u unloaded 1/2 at .09?
01[12:05] {Threei}  yes
01[12:05] {Threei}  so... should I return the profit from the second half to the maket?
[12:06] {jdetente} lol
[12:06] {backman} no....plz send to my nigerian trading account
[12:07] {backman} CAt might be reversing...never can be too sure
01[12:22] {Threei} Short Setup: GLD  142 break hl
[12:26] {Will49} is this alert just designed to keep me in my seat thru lunch? :)
[12:26] {jdetente} not anymore
01[12:26] {Threei}  lol
[12:26] {Will49} there!
01[12:27] {Threei}  wow MET
[12:27] {Will49} free to have a s/s/s/s
[12:27] {jdetente} you killed the trade Will
01[12:27] {Threei}  who'd have thought
[12:27] {Will49} sorry
[12:27] {Les} HoD here MET
01[12:27] {Threei}  what's that? 4 rolls of sushi?
[12:27] {jdetente} 4 rolls of something
01[12:27] {Threei}  curled up bacon?
[12:27] {Will49} sh**, shower, shave and shampoo
[12:28] {Will49} old military lingo
01[12:28] {Threei}  excuse me... you mean you traded unshaved??
01[12:28] {Threei}  no tie??
01[12:28] {Threei}  I am shocked
[12:28] {jdetente} I trade in suit
[12:28] {Will49} oh gawd....busted
[12:29] {Will49} yeah jd...birthday suit i bet
[12:29] {jdetente} hehe
[12:29] {jdetente} now I'm busted :(
[12:29] {Will49} does anybody what Les wears?
[12:30] {Will49} wonder
[12:30] {Will49} nemo?
01[12:30] {Threei}  and all this despite [10:15] * Buster (Buster@2a2ca4.30175d.a80f2d.3b7541) Quit
[12:30] {jdetente} leiderhosen?
[12:30] {Will49} haha
[12:30] {nemo} very long sleeved jacket with extra belts
01[12:31] {Threei}  as long as Les is not scottish, I don't care
[12:31] {Will49} LOL
01[12:31] {Threei}  is he is, make sure he is not a parachutist
[12:31] {jdetente} lol
01[12:31] {Threei}  is = if
[12:31] {nemo} as long as he lands on a barbed wire fence
[12:31] {jdetente} Scottish paratrooper...deadliest armed forces
[12:31] {Les} we bored
01[12:32] {Threei}  jf and ron must have forgotten how insane we can be
[12:32] {Will49} don't worry Les, we are too
01[12:32] {Threei}  I mean, vision of scottish parachutists is not for faint heart
[12:33] {Will49} be careful Vad, I'm half Scot and half Viking
[12:33] {Will49} guess which half
[12:33] {nemo} so you're beserk
01[12:33] {Threei}  so... kilt and hat with horns for the next party?
[12:33] {jdetente} I found Les :(
[12:33] {jdetente} http://www.starpulse.com/news/media/Bruno-Lederhosen-3.jpg
01[12:33] {Threei}  my eyes
[12:33] {Will49} LOL Vad
01[12:33] {Threei}  retina burned
[12:34] {nemo} pru looks short here
01[12:34] {Threei}  (DE) Germany Chancellor Merkel: Emerging economies in Latin America and China are a threat to Germany
01[12:34] {Threei}  seriously?
[12:35] {Will49} it's OK passmm, we'll be finished horsing around shortly
01[12:35] {Threei}  your frikin union is a threat to Germany
01[12:35] {Threei}  and if you don't see it, you are a threat to Germany
[12:35] {Les} she wanna do what? start up the German war machine again?
[12:36] {nemo} Redux escaped.....little bastard
01[12:36] {Threei}  sooner or later it'll happen
01[12:37] {Threei}  when US withdraws its military presence, a lot of military machines are going to be restarted all over the world
[12:37] {nemo} Germans are pussies now
[12:38] {Les} beer drinking pussies with beautiful blondes. that counts
[12:39] {jdetente} Europe is lost...and U.S./Canada heading down the same path
[12:40] {Les} what outta the house nemo?
[12:41] {Will49} see any owls around nemo?
01[12:41] {Threei}  in an unlikely turn of events, Canada suddenly became the most conservative of the bunch
01[12:41] {Threei}  who would have thought
[12:41] {jdetente} seriously
[12:41] {Will49} wait till we unleash our 3-ship navy
01[12:41] {Threei}  GLD
01[12:41] {Threei}  setup is back
01[12:42] {Threei}  we also have 2 planes and three Canadian Geese in confederate hats, will
[12:42] {Will49} :)
[12:45] {nemo} haven't seen any owls since hunting season
[12:45] {Will49} it's the one you don't see that gets Redux
[12:46] {nemo} nah, not in the house
[12:47] {Les} MET DT
01[12:50] {Threei}  http://www.raesidecartoon.com/dbtest/index.php?com=default&o=0&i=2664&category=73#image
[12:50] {jdetente} GLD does not want us to short it
[12:50] {nemo} the world uses the US as it's army
[12:51] {Will49} good one Vad
01[12:51] {Threei}  and swears at US fpor being the world's police, nemo
[12:51] {nemo} yep
[12:51] {Will49} nemo, how do you think we keep our health care costs low?
01[12:52] {Threei}  I say withdraw from everywhere and let them fend for themselves
[12:52] {nemo} Same with the rest of the world
[12:52] {nemo} we should charge the world, or else
[12:52] {Will49} sorry, you're stuck with us
[12:52] {nemo} cough it up Canada, or say bye bye Montreal
[12:52] {nemo} takes care of two problems
01[12:53] {Threei}  hmmm
[12:53] {nemo} francophiles
[12:53] {Will49} we're holding our breath till the day you come after our fresh water
01[12:53] {Threei}  you can have whole Quebec but leave us Montreal please
[12:53] {nemo} nah
01[12:54] {Threei}  in another rather ironic turn of events... you know the only war US lost, and to whom?
[12:54] {Will49} our francophiles are much like their french cousins, only more polite
[12:54] {nemo} irrelevant...part of the disease
[12:54] {Les} no, which one?
[12:55] {nemo} Vietnam
[12:55] {nemo} France was there right before that
01[12:55] {Threei}  http://www.lutins.org/1812.html
[12:56] {Les} oh, ok
[12:56] {Les} wasn't think trick question, like Mexico or Cuba, Spain
[12:56] {Les} was thinking trick
01[12:56] {Threei}  1812, war with Canada
[12:56] {Les} early century stuff
[12:56] {Les} went to war against canada?
[12:56] {nemo} British colony
[12:59] {Les} MET .90 long?
01[12:59] {Threei}  no
01[12:59] {Threei}  right chart, wrong time
[13:01] {Les} WLT cup and handle was good for 1:2
[13:07] {nemo} apa short
[13:07] {Les} hmmm WLT 17 break down if it holds .10?
01[13:15] {Threei}  can't tell
[13:15] {Les} see if it heasds back to LoD as the close approaches
[13:17] {stevw} BBRY possible c&h forming
[13:24] {stevw} well ... i did say "possible"
01[13:24] {Threei}  GLD
01[13:24] {Threei}  again
01[13:24] {Threei}  one of thesde times
01[13:24] {Threei}  feels like it's time for it to obey the gravity
[13:29] {Will49} not on short list
[13:42] {RonS} quote from nemo?  I can tell people are judgmental just by looking at them.
[13:43] {Will49} LOL
[13:57] {Alexs} r u in GLD trade Vad?
01[13:58] {Threei}  yes, and dying of boredom
06[14:00] * Threei trips GLD and pushes it over the edge of the cliff
[14:01] {nemo} reminds me of subway technique
[14:01] {Will49} sheeesh, i tried 3-4 times to short but got declined
[14:02] {Will49} discrimination against canucks:)
[14:02] {Les} always the charmer Nemo
[14:02] {nemo} try one of the inverse gold etfs
[14:03] {jdetente} well I've got a meeting to go to...ditching GLD. See you all tomorrow.
[14:03] {nemo} yeah, gently step on the foot, little shoulder shot into an oncoming train, no problem
[14:03] {Les} cheers jd
[14:04] {jdetente} thanks for the trades Vad
01[14:04] {Threei}  take care jd
01[14:04] {Threei}  yw
[14:05] {Les} oh come on vad wave magic 2x4 at GLD
01[14:06] {Threei}  should die without that
01[14:06] {Threei}  there you go
01[14:06] {Threei}  1:1
01[14:06] {Threei}  perseverance
[14:06] {Les} threats
[14:07] {Les} 1:3 target?
01[14:07] {Threei}  if we find this much patience, yes
[14:08] {Les} hehehe wise word
[14:08] {Les} s
[14:10] {Les} lower high WLT
[14:10] {nemo} tink the top is in for the day
01[14:14] {Threei}  1:2
[14:14] {Les} quarter at .81
[14:15] {Les} http://ireport.cnn.com/docs/DOC-966426
[14:15] {Les} bitcoin ponzi coming unstuck
[14:16] {Les} out on a trail ty
01[14:17] {Threei}  yw
[14:43] {Les} .
[14:44] {Will49} your point?
01[14:44] {Threei}  not to put too fine point on it
[14:44] {Les} no point
[14:44] {Will49} as nemo would say, only at the top of your head
01[14:45] {Threei}  hmmm... we have a resort here, called Point No Point
[14:45] {Les} BBRY warming up with a bit of volume
[14:46] {Les} dunno if failure to hold 16 shourl suver as short. indexes want up
[14:48] {nemo} the SIMAGA rally is starting
[14:51] {Les} SMH breaking out of a 9 year pennant
[14:51] {Les} could be start of something new
[14:55] {Les} vad FCX .35 short?
01[14:56] {Threei}  I like
01[14:56] {Threei}  tight stop, .41
[15:09] {Les} http://www.imdb.com/title/tt1535108/
[15:09] {Les} cool, one of my favourite sci fi directors gotta new film for summer
[15:10] {Les} I like the space station eden for uber wealthy
[15:17] {RonS} 6 in of snow almost gone in 42 degree mile high sunshine  :O
[15:27] {Les} stopped and outta here. decent day overall. a+
[15:29] {Will49} see ya Les
[15:29] {Les} will miss 1st half trading tomorrow vad, c u for afternoon fishies
[15:29] {Les} cy will
[15:47] {nemo} nflx
[15:47] {nemo} not the stock
[15:47] {nemo} I'm so bored
[15:47] {nemo} I'm watching
01[15:48] {Threei}  finishing with stall
01[15:48] {Threei}  can't find last trade
[15:48] {nemo} bathroom stall?
[15:48] {Will49} I'm going back in my stall too for the afternoon
[15:49] {nemo} watching "Fringe"  good show
[15:49] {Will49} nice hay sandwich waiting for me
01[15:49] {Threei}  ok... running out of time
01[15:49] {Threei}  thank you all, have a good evening
[15:49] {Will49} Not a bad day...be good everyone
01[15:49] {Threei}  see you tomorrow

May 1 2013

FOMC days are rarely easy but we handled this one nicely, with 5 wins out of 7 trades. 


Session Time: Wed May 01 00:00:00 2013

01[08:58] {Threei}  morning patel
[08:58] {stevw} g'mornin
01[09:00] {Threei}  stev :)
01[09:00] {Threei}  *(US) APR ADP EMPLOYMENT CHANGE: +119K V +150KE (lowest since Sep 2012)- Prior ADP Employment Change revised lower from +158K to +131K
[09:01] {dino} gm & ugh
01[09:02] {Threei}  dino :)
[09:02] {stevw} what's up dino?
[09:02] {dino} flipped fire afterhours for 2 bucks, thing is now up 5
[09:03] {dino} i got out at 49.62
[09:04] {stevw} what were you seeing - capitulation?
[09:04] {dino} yes hit 45's
[09:06] {Les} screw Nemo and good morning to the rest of ya
01[09:07] {Threei}  how delightfully impolite
[09:08] {Les} not sure I got first insult in for the day, but I try
[09:08] {cipher} gm
[09:08] {Les} ya bunny still living Nemo?
01[09:10] {Threei}  cipher :)
[09:10] {nemo} probably longer than you Les
[09:11] {Les} hehehe
[09:11] {Les} I'll take bunny off yer hands with a plate of polenta any time you want
[09:12] {jdetente} morning all
[09:12] {nemo} I'm thinking Fava beans and a chianti
01[09:12] {Threei}  jd :)
[09:13] {Les} ugh green beans, that's like ... healthy crap. u can sell that to vad
[09:13] {Les} and the metals futures are lighting up
[09:18] {Les} risotto of summer black truffel mushrooms and rabbit fricasée...
[09:18] {Les} almost the season
[09:20] {thomcbell} can you freeze that and send it to nyc for me - :)
[09:20] {thomcbell} Les
[09:20] {stevw} hmm ... i don't recall this kind of stuff on the Market Muse Morning Tuneup cd
[09:21] {Will49} gm
[09:21] {Alexs} gm
[09:21] {Les} philistine tbell
[09:21] {Les} Italian cooking, straight off the pan and into the gullet
[09:21] {nemo} vxx could be tradeable today very liquid, likely to have range
01[09:21] {Threei}  will, alex :)
01[09:22] {Threei}  this is our newest approach, stec... pretend market doesn't exist
[09:22] {stevw} aah - sound more zen than tao
[09:24] {Les} still have fond memories of small family restaurant in Lecco in Italy, Grandma pumping out trolley after trolley of risotto, lasagne, spaghetti alle vongole... This is what Europe is about, not this frikin Euro BS
[09:25] {Les} Italy could be great again once it drops the single currnecy
03[09:25] * Retrieving #discussions modes...
[09:31] {backman} .
[09:32] {Les} can we stop pretending market doesn't exist now? :)
01[09:32] {Threei} Long Setup:  GDX  .35 break
01[09:33] {Threei}  If holds  .27
[09:34] {Les} vad 17 1.3 or 13 1.7 bb's?
01[09:35] {Threei}  13 1.7
[09:36] {Les} ty adding em in today
01[09:36] {Threei}  1 cent to 1:1
[09:36] {Les} misread you took .30 break half out
01[09:36] {Threei}  trail stop to .29
01[09:37] {Threei}  half out
01[09:37] {Threei}  1:1
[09:37] {RonS} gm...quite the troop these days  :)
01[09:37] {Threei}  stop to .34
01[09:38] {Threei}  Ron!!
01[09:38] {Threei}  welcome back!
[09:38] {cc_9} Good morning Fellas
01[09:38] {Threei}  cc9 :)
[09:39] {RonS} ty...been slipping into old bad habits...time to come to Jesus  ;)
[09:39] {Les} lol
01[09:39] {Threei}  1:2
[09:40] {Les} all out .57 from .33 ty
[09:40] {thomcbell} hig pivot test - will look for a long setup somewhere in here
[09:41] {jdetente} all out too. thanks Vad.
01[09:41] {Threei}  :)
[09:41] {dino} rbc sm l .00 gappy
[09:42] {Will49} nice start...ty Vad
01[09:43] {Threei}  yw
[09:46] {nemo} Hey Ron...nephew came home with another baby rabbit the other day
01[09:46] {Threei} Short Setup: SLW  .90 break
[09:46] {RonS} ya, been reading the log...you're nuts with those things...
[09:46] {dino} rbc stop .65 -.35
[09:47] {nemo} nephew's fault
01[09:47] {Threei}  he is nuts, period
[09:47] {nemo} Vad...remember, I'm an exorcist...which means not only can I take them out...I can put them in
[09:48] {Les} yeh, he's nuts
01[09:48] {Threei}  good to know
[09:48] {Les} not HIS nuts, he's nuts
[09:48] {dino} ccg drop
[09:49] {nemo} obviously, Les is in need of my services.."Nuts"
[09:49] {Les} bout time you came over and said hello0
[09:49] {nemo} cat
[09:51] {patel} stop on SLW
[09:51] {dino} ccg sm l .99
[09:51] {patel} 24
01[09:51] {Threei}  standard
01[09:51] {Threei}  just above
[09:53] {thomcbell} long setup tyc 32.09 break if holding 32
[09:54] {nemo} mpc
01[09:54] {Threei}  oh come on SLW, die already!
[09:54] {thomcbell} long setup hig 27.94 break if holding 27.86
[09:58] {Les} violence time for slw me thinks
[09:59] {cipher} TSLA L .70
[09:59] {cipher} out .87
[09:59] {Will49} SLW=SLOW
01[10:00] {Threei}  quite uncharacteristically I might add
[10:00] {cipher} TITN L .06
01[10:00] {Threei}  *(US) APR ISM MANUFACTURING: 50.7 V 50.6E; PRICES PAID: V 52.6E
01[10:00] {Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: -1.7% V 0.6%E
[10:01] {dino} ipgp
[10:01] {dino} sm l .90 pulp
[10:01] {cipher} ntap l.76
01[10:02] {Threei} Short Setup: GDX  .60 break
01[10:02] {Threei}  If holds  .65
[10:03] {cipher} out NTAP .90 +.14
[10:04] {nemo} got resistance at .70 Vad
[10:06] {dino} rbc .00 trig
[10:07] {stevw} short setup on C?
[10:08] {Les} spy touched 160 premarket back to 159 bounce time if ever
01[10:08] {Threei}  was at 46
[10:08] {thomcbell} hig out
[10:09] {stevw} yup, too late
[10:09] {cipher} sgen l .08
01[10:09] {Threei}  SPY shoud lose 159 now
01[10:09] {Threei}  flash down, and then bounce
[10:10] {dino} out ipgp .44, +.54
01[10:10] {Threei}  come on, what's with this struggle
01[10:11] {Threei}  things shouldn't be this slow this early
[10:11] {stevw} battle for 42 in TNA
[10:11] {Les} if only the market knew the dark side of the force
[10:11] {dino} fed day
[10:11] {thomcbell} kors curiously strong - chart was settin gup in multiple time frames
[10:12] {Les} canning GDX .53 +.05 holding slw
01[10:13] {Threei}  GDX 1:1, finally
[10:14] {Les} nice candle IWM
[10:14] {Les} daily
01[10:15] {Threei}  half out SLW
[10:15] {cipher} uthr l .95
01[10:15] {Threei}  stop to .95
01[10:17] {Threei}  I didn't sign up for being so patient at such early time
01[10:17] {Threei}  SLW 1:1, double finally
01[10:17] {Threei}  GDX 1:2
01[10:17] {Threei}  OK, patience is still a virtue
[10:18] {Les} story of my life, or lack of
01[10:18] {Threei}  I don't know why you are in such a hurry
01[10:18] {Threei}  let them work
01[10:18] {Threei}  vu wei
01[10:18] {Threei}  there is natural flow of things, don't meddle
[10:18] {Les} is that austrian?
[10:19] {nemo} FrankenLes
[10:20] {Les} I know I have to get greedier on the good days, but after the last few days happy to collar them quicker
01[10:21] {Threei}  for those who still haven't read A Taoist Trader,
01[10:21] {Threei}  One of Taoism�s most important concepts is wu wei, which is sometimes translated as �non-doing� or �non-action.� A better way to think of it, however, is as a paradoxical �Action of non-action.� Wu wei refers to the cultivation of a state of being in which our actions are quite effortlessly in alignment with the ebb and flow of the elemental cycles of the natural world. It is a kind of �going with the flow� that is characterized by great ease and awake-ness, in which - without even trying - we�re able to respond perfectly to whatever situations arise.
[10:21] {cipher} VCLK L.67
[10:24] {nemo} fdx
01[10:25] {Threei} Short Setup: CAT  .50 break hl
01[10:25] {Threei}  If holds  .60
[10:27] {Les} RIG 51 short might be a setup
[10:27] {Les} if it drops
01[10:27] {Threei}  1:1
01[10:29] {Threei}  1:2, out
[10:29] {Les} me 2 ty
[10:30] {patel} wow man
[10:30] {patel} just lost internet while in middle of the CAT trade.
[10:30] {jdetente} yikes
[10:30] {patel} had to call my broker to close my trade.
[10:30] {jdetente} that happened to me a couple of weeks ago..no fun
[10:30] {patel} oh yeah its no fun.
[10:31] {patel} Good thing CAT was in my direction
[10:31] {jdetente} switched to my smart phone to close the trade. lol
01[10:31] {Threei}  yeah
[10:31] {patel} anyways out +.20
[10:31] {patel} thanks Vad
01[10:31] {Threei}  sure thing
[10:31] {Will49} nice on Cat tks...out a bit early
[10:32] {cipher} out UTHR .17 +.22
[10:32] {Les} fusion just did an auto reconnect on me so perhaps not just local to patel
[10:33] {patel} Les, I lost everything
[10:33] {patel} internet, phone
[10:33] {patel} and I am on DAS trader.
[10:33] {nemo} that was me Les
01[10:33] {Threei}  lol
[10:34] {stevw} watching TNA for a setup - can't figure it out yet
[10:34] {nemo} o.k. bellbutton cleaning time until Bennie
[10:35] {nemo} this low on IWM is the new monthly pivot as of last night.
01[10:35] {Threei}  I don't see anything clear on TNA yet, stev
[10:36] {dino} agn drop
[10:36] {Les} miners have almost stopped trading
[10:36] {Les} might argue inverted cup and handle here on GDX
[10:37] {Les} or H&S
[10:37] {dino} agn sm l .80 pulp
[10:41] {cipher} out VCLK .86 +.19
[10:42] {dino} out agn .30, +.50
[10:44] {cipher} wtg
[10:44] {cipher} I only got .+30
[10:45] {dino} elli sm l .45
[10:45] {dino} lol cipher
[10:45] {dino} ccg to .15
[10:46] {dino} out ccg +.15
[10:47] {nemo} whoa, bids pulled in ffiv
[10:48] {dino} thg gap fill
[10:49] {cipher} thg l.12
[10:49] {dino} sm l .12
[10:49] {dino} huge beat yesterday
[10:53] {backman} GDX..on the way to new lows?
[10:53] {dino} maybe so
[10:53] {thomcbell} ctrying to double bottom
[10:55] {cipher} MEOH L .97
[10:55] {Will49} looks like Fed news leaked early again
01[10:55] {Threei}  hard to tell, GDX
[10:56] {Les} that'd be shocking will
01[10:56] {Threei}  activity dies down for Fed
[10:58] {nemo} fdx
[10:58] {nemo} drop of .90, but got a whack-a-mole feel about it
[11:00] {backman} GDX had big breakout above .40 yesterday...fwiw
[11:00] {dino} stop thg .92 -.20
[11:03] {cc_9} IWM/TNA weaker than overall market
[11:03] {cc_9} already back to lows
[11:04] {dino} 07 green
[11:04] {nemo} yeah, low is new montly pivot, 50 sma just below around .50ish, weekly pivot 92.20
01[11:04] {Threei} Long Setup:  TNA  .70 break hl
[11:04] {nemo} fat finger stop hunt on fdx, likely means lower
01[11:04] {Threei}  If holds  .60
[11:04] {dino} thg rinse
[11:05] {backman} tna 2 waa?
[11:06] {dino} agn drop
01[11:06] {Threei}  I don't think you can short TNA
[11:06] {nemo} short iwm
[11:06] {dino} halt/
01[11:08] {Threei}  AGN US appeals court affirms in part and reverses in part case against Watson, Novartis
01[11:08] {Threei}  AGN Exec: Darpin eye drug phase 2 data does not support taking it directly to Phase 3 trial - conf call comments
01[11:09] {Threei}  1:1
01[11:09] {Threei}  1:2
[11:09] {Les} sweet. ty
01[11:09] {Threei}  yw
[11:10] {patel} THANK YOU
[11:10] {patel} sorry about hte caps
01[11:10] {Threei}  :)
[11:10] {jdetente} good trading. Thanks Vad.
06[11:10] * Les SLAPS PATEL FOR BAD ETTIQUETTE
01[11:10] {Threei}  welcome guys... 5:5 so far
01[11:11] {Threei}  with 7:8 yesterday, I think we slapped them back good for Monday
[11:12] {Will49} your mojo workin'
[11:12] {cipher} HMIN L.47
[11:12] {Will49} have no idea what a "mojo" is
[11:12] {Les} AUS/USD getting closer to break 36 mth range. could be bye bye to commodity wealth for aussies soon
[11:13] {Les} could be signalling
01[11:14] {Threei}  have to ask Austin Powers, will
[11:14] {Will49} :)
[11:15] {Will49} Mojo may refer to: Mojo (African American culture), a magical charm bag used in hoodoo.
[11:15] {Les} http://www.youtube.com/watch?v=a6Acigj8isc
01[11:16] {Threei}  lol
[11:17] {Will49} LOL
[11:17] {cipher} BSFT L.87
01[11:17] {Threei}  no questions remain unanswered for too long here, eh will? :)
[11:17] {Will49} What the h**** did we do before the internet?
01[11:17] {Threei}  there was "before the internet"?
[11:18] {Les} 20 years old, yeh
[11:18] {backman} like when porn was on paper?
[11:19] {Will49} what is porn?
[11:19] {Les} didn't take em long to get internet out of physicists room and into porn yeh
01[11:19] {Threei}  what is paper?
[11:19] {Will49} haha
[11:19] {Les} got shelves of it surrounding me
01[11:19] {Threei}  porn?
[11:19] {Les} hehhehe paper
[11:19] {nemo} got there first
[11:19] {Will49} toilet paper?
[11:19] {RonS} BREAKING: Three suspects in custody in Boston Marathon bombing: Boston police
[11:20] {Les} not ready for tablet reading yet
01[11:20] {Threei}  (US) Boston police indicate that they have taken 3 additional suspects in to custody related to the investigation into the Boston Marathon bombing
[11:21] {cipher} THG stopped .99 -.13
[11:24] {patel} FCX short under 30
[11:24] {Will49} waht time is Fed news expected?
[11:24] {Will49} what
01[11:25] {Threei}  way too narrow, patel
[11:25] {nemo} 2:15
01[11:25] {Threei}  will hold you hostage for hours
[11:25] {Will49} tks nemo
[11:26] {nemo} EXPE
[11:26] {backman} cat approaching new low
[11:26] {nemo} frickin' dis
01[11:33] {Threei}  suspects arrested are college students
01[11:33] {Threei}  I say close the colleges
[11:35] {backman} yah...we need more uninformed traders
[11:37] {jdetente} going to college makes you uninformed...
[11:37] {jdetente} un-informed that is hehe
01[11:37] {Threei}  uniformly uninformed
[11:37] {cipher} SODA L .87
[11:38] {ese} mornin ladies and gents.....just poppin in for a few minutes from Memphis Tenn
[11:38] {ese} how the hell are ya
01[11:38] {Threei}  hey ese!
[11:38] {ese} vad
01[11:38] {Threei}  we are good
[11:39] {ese} so are we......and we made Canadian Music history here
[11:39] {backman} FCX breaking down with gdx
[11:39] {cc_9} TNA getting boring
01[11:39] {Threei}  when are you back?
[11:39] {ese} first band from canada to play at stax to the max festival
[11:39] {ese} next week
[11:40] {Will49} congrats ese
[11:40] {Will49} wouldn't have happened without you
[11:41] {ese} the founder of stax Al Bell came back stage after our show in tears.....this is the man that signed Isaac Hayes, the Staple Singers,,Ottis Redding, Wilson Picket.......he loved us and might be signing one of the girls
[11:41] {Will49} excellent
[11:42] {ese} it's awesome down here........maybe the friendliest people on the planet
[11:42] {ese} especially in the Soulsville community
[11:42] {ese} am off to the civil rights museum....cya next week
[11:43] {ese} take care
01[11:43] {Threei}  have fun
[11:43] {Will49} peace
[11:43] {ese} tks vad will
[11:44] {patel} fcx
[11:44] {patel} sorry
[11:47] {cc_9} TNA cliff dive
[11:55] {dino} azpn drop
[11:55] {dino} sm l .97
[12:01] {dino} out azpn .57, +.60
[12:02] {dino} taking break
01[12:02] {Threei}  wtg
[12:11] {RonS} 6in of snow here since 6 am...more 'til morning  :P
[12:12] {dino} that sucks ron
01[12:13] {Threei}  wow
01[12:13] {Threei}  in May
[12:14] {dino} you're breaking snow and cold records aren't you/
01[12:14] {Threei}  global warming decided to skip most of the globe
[12:15] {dino} in ne pa we broke most consecqutive days below 10 f, frpm the 1940s
[12:16] {Les} back for close a+
[12:17] {thomcbell} long setup kors 57.10 break if holding 56.99
[12:20] {Will49} Ron, where are you?
[12:20] {RonS} Denver CO
[12:21] {Will49} Wow, that is surprising
[12:21] {Will49} in the mountains?
[12:21] {RonS} no
[12:21] {Will49} egads
[12:21] {Will49} as they say on Downton Abbey
[12:24] {cc_9} KBH looks good here for 21.97 s/l
[12:28] {patel} This internet issue is really annoying.
[12:28] {patel} Was just told by Comcast it will be fixed by 3:25 pm
01[12:28] {Threei}  wow, such precision
[12:42] {cipher} ADSK L .56
[12:43] {cipher} EVEP L.85
[12:46] {cipher} CSTR L.04
[12:47] {thomcbell} cstr intresting righ tnear 200sma
[12:49] {cipher} ADSK stoped  .52 -.04
[12:57] {cipher} out EVEP .05 +.20
[13:08] {cipher} IBM L.26
[13:08] {stevw} didn't miss much by going to the gym for the last hour, did I!
01[13:08] {Threei}  not at all
01[13:08] {Threei}  unless you count hearing loud snoring as a miss
[13:08] {dino} elli sm l .95
[13:12] {backman} TNA bounce?
[13:12] {stevw} maybe BBRY will soon stop doing what it's been doing
01[13:13] {Threei}  TNA doesn't look ready yet
01[13:13] {Threei}  you mean sucking, stev?
01[13:13] {Threei}  I doubt it :)
[13:13] {stevw} hey, you're not making fun of a local company, are you?
[13:14] {stevw} (local to me)
01[13:14] {Threei}  one of privileges og libing on island, you don't view the mainland as local :)
01[13:14] {Threei}  of living
[13:15] {stevw} i don't say there's a smart trade coming up, but that seems to be a narrowing triangle that will break one way or another soon
01[13:15] {Threei}  it needs some new catalyst for activity, became too narrow and boring lately
[13:16] {cipher} out IBM .56 +.30
[13:19] {dino} gj
[13:20] {cipher} ty
[13:23] {cc_9} TNA is trading as if it kidnapped someone, still hanging around in the basement.
[13:24] {stevw} the selling seems to have abated, though
[13:24] {cc_9} 3pt drop on the day, jeez
[13:24] {cc_9} thats what i thought before it got clubbed another .60
[13:24] {cipher} INCY L .50
[13:24] {cc_9} VIX is not even that high today, sitting tight on KBH long for now
[13:38] {cipher} out INCY .55
[13:49] {dino} bofi drop thin
[13:50] {dino} sm l .84 ave
[13:51] {cc_9} TNA more death geez
[13:51] {cc_9} KBH got stopped
[13:51] {dino} watch tna off of fed
[13:51] {dino} tlt too
[13:56] {cipher} JBHT L.20
[13:57] {nemo} algo's should be pulling liquidity
01[14:00] {Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): WILL CONTINUE TO PURCHASE LONG TERM TREASURIES AT $45B/MONTH AND $40B/MONTH IN MBS- Vote 11-1 (dissenter Esther L. George, who was concerned that the continued high level of monetary accommodation increased the risks of future economic and financial imbalances and, over time, could cause an increase in long-term inflation expectations.)
[14:00] {cc_9} good call dino
[14:02] {cc_9} welp, that was short lived.
[14:02] {Will49} same old, same old
[14:02] {cipher} out JBHT .30 +.10
[14:03] {cc_9} it ain't nuffin' but a reptilian thang
[14:05] {dino} tna sm l .20
[14:05] {dino} angi drop
[14:05] {dino} sm l .15
[14:06] {RonS} citron research commenting on angi accting
[14:09] {dino} out angi .55, +.40
[14:09] {nemo}   0 of 9 is off his meds
[14:09] {dino} ty ron
[14:10] {nemo} ron dcc
[14:11] {dino} big gap angi 20.40 range last week
[14:11] {dino} out tna flat
01[14:12] {Threei}  Telegraph: Franco-German axis that drove EU affairs since 1950s is "collapsing before our eyes"
[14:13] {nemo} Hope they invade France again
01[14:14] {Threei}  I heard France capitulated to North Korea recently, just in case
[14:15] {nemo} hfc looks short
01[14:15] {Threei}  Court papers: Two defendants destroyed and concealed bombing suspect Tsarnaev's backpack, laptop
[14:15] {dino} tna sm l .05
[14:17] {dino} out bofi .14, +.30
[14:18] {dino} angi sm l .01
[14:20] {dino} out tna .35, +.30
[14:26] {dino} out angi .35, +.34
[14:33] {dino} angi sm l .02
[14:34] {dino} stop is .79
01[14:35] {Threei}  watching GDX for bounce to short
[14:35] {nemo} fFiv looking short
01[14:38] {Threei} Short Setup: GDX  .80 break
01[14:38] {Threei}  If holds  .85
[14:41] {dino} tna sm l .01
[14:42] {dino} angi sm l .55
[14:42] {dino} stop is .48
01[14:47] {Threei}  no go
[14:49] {dino} out angi .05, +.50
[14:49] {cipher} wtg
[14:49] {dino} ty
[14:50] {dino} imo, rally starting
01[14:52] {Threei} Long Setup:  TNA  .10 break
01[14:52] {Threei}  If holds  41
01[14:52] {Threei}  target 1:4
01[14:55] {Threei}  159 SPY break should set it free
[14:59] {cipher} CLMT L.01
01[15:00] {Threei}  grrr
01[15:01] {Threei}  not getting after-FOMC mood right
[15:02] {backman} buy break of 41....tight stop?
01[15:02] {Threei}  this is not a valid swtup, this is guess
[15:03] {backman} how totall out of character for me
[15:09] {jdetente} alright fellas calling it a day. Catch ya tomorrow...
[15:09] {jdetente} thanks for the trading ideas Vad
01[15:09] {Threei}  sure thing
[15:14] {Les} Where is the play and what is my part?
[15:15] {Les} what we in?
[15:15] {backman} u are the jester...keep smiling
01[15:15] {Threei}  nothing right now
06[15:15] * Les smacks backman for speaking the truth
[15:16] {backman} thank u sir...may i have another?
06[15:16] * Les obliges bman with another 4x2
[15:21] {Les} http://tinyurl.com/boncfdt
[15:23] {Les} surprisingly enjoyable film still after 15 years
[15:23] {Les} miners caving in
[15:26] {Les} VMW interesting, but not yet a setup
[15:27] {Les} PVH short 1115?
[15:27] {Les} 115 hl?
[15:28] {Les} spread is large
01[15:28] {Threei}  yeah
[15:29] {Les} GMCR just left the gate from 57
[15:30] {Les} and just like PVH, not selling off in a hurry
[15:31] {Les} impression that its just the index ETF's being pushed lower
[15:34] {Les} benny have anything worth hearing today?
[15:34] {Les} say
01[15:37] {Threei}  not really
[15:37] {Les} nothing new to feed the bulls?
[15:37] {Les} ...the addicts
01[15:38] {Threei}  "we will increase or decrease depending on decreasing or increasing"
01[15:39] {Threei}  "getting better but more work to do and risks remain"
01[15:39] {Threei}  ese would not be happy with ben
[15:39] {Les} yeh sounds like he's laying ground work for his happy ever after biography
01[15:40] {Threei}  just wait for Ben's successor... you will miss ben
[15:41] {cipher} CLMT stopped -.10
01[15:51] {Threei}  ok guys, thank you all
01[15:51] {Threei}  have a good evening, see you tomorrow
[15:51] {Les} cheers
[15:53] {dino} gn all
[16:00] {backman} tu