Jan 27 2014

Sometimes even profitable days can be annoying, and this was just that. Server troubles made us move twice from main room to reserve and back, most trades turned out to be just scalps, and we missed a few larger moves. All in all, finishing positive but unsatisfied.

Session Time: Mon Jan 27 00:00:00 2014
[08:46] nemo> mmmhhh...can't short IWM again
[09:09] dino> gm
[09:09] nemo> optimist
01[09:09] @Threei>  dino :)
[09:11] nemo> so cat announced big buy back
01[09:11] @Threei>  decent gap
[09:25] RonS> gm
01[09:25] @Threei>  ron :)
01[09:28] @Threei>  C decided not to wait for us...
[09:30] thomcbell> what is qqq short 3x
[09:30] nemo> tqqq
[09:31] nemo> oh, sorry that's long
01[09:31] @Threei> Long Setup:  GLD  .50 break
01[09:31] @Threei>  If holds  .40
[09:32] thomcbell> sqqq
01[09:32] @Threei> Short Setup: C  .30 break
01[09:33] @Threei>  If holds  .35
01[09:33] @Threei>  Invalidated
[09:33] dino> lbtya smr l . gappy02
01[09:34] @Threei>  1:1  GLD
01[09:34] @Threei>  ugh... C got away
02[09:34] * Disconnected

Threei: people read their e-mails not
RonS:  
(Jan 27-09:44) dino has joined.
(Jan 27-09:45) dino: test
(Jan 27-09:45) Threei: passed
(Jan 27-09:45) dino: rode lbtya from 71.02 to 73.05, +1.03
(Jan 27-09:45) Threei: nice
(Jan 27-09:48) dino: pru sm l .60
(Jan 27-09:48) Bringer of Light has joined.
(Jan 27-09:48) thomcbell has joined.
(Jan 27-09:48) _joebi_wan has joined.
(Jan 27-09:49) thomcbell: hi
(Jan 27-09:50) Threei: tbell
(Jan 27-09:51) munky has joined.
(Jan 27-09:51) munky: .
(Jan 27-09:51) Threei: Short setup C .50 break
(Jan 27-09:52) Threei: If holds .60
(Jan 27-09:52) Threei: 1:1
(Jan 27-09:56) Threei: so far scalps only
(Jan 27-09:57) Threei: Long CAT .40 break hl
(Jan 27-09:57) Threei: lol
(Jan 27-09:57) Threei: 1:1 if you got it (which I doubt very much)
(Jan 27-09:58) dino: giddy-up
(Jan 27-09:58) Bringer of Light: this is vwap, if it can't get above look to short it
(Jan 27-09:59) Threei: Long Setup C .55 break
(Jan 27-10:00) Threei: If holds .50
(Jan 27-10:00) Threei: *(US) DEC NEW HOME SALES: 414K V 455KE
(Jan 27-10:00) Bringer of Light: shorted .40
(Jan 27-10:01) Threei: meh C
(Jan 27-10:02) Threei: jerky morning
(Jan 27-10:03) Threei: no direction yet
(Jan 27-10:04) thomcbell: wow cat
(Jan 27-10:05) Threei: SPY just can't make up its mind

03[10:07] * Rejoined channel #discussions
03[10:08] * Retrieving #discussions modes...
[10:11] thomcbell> rather be short fb
[10:11] thomcbell> looking for entry

02[10:14] * Disconnected

(Jan 27-10:21) thomcbell: took my eye off it
(Jan 27-10:21) Threei: wtf
(Jan 27-10:21) thomcbell: beta is taking a serious breather
(Jan 27-10:22) Threei: sheesah FB
(Jan 27-10:23) munky: ur sunday links referrenced fb as a short
(Jan 27-10:23) Threei: yes
(Jan 27-10:23) munky: nflx twtr too
(Jan 27-10:24) Bringer of Light has joined.
(Jan 27-10:24) munky: sheesh look twtr
(Jan 27-10:24) munky: just got a lil brighter in here lol
(Jan 27-10:25) dino: mr. t market...."pain"
(Jan 27-10:29) Bringer of Light: cat going bye bye
(Jan 27-10:30) _joebi_wan has joined.
(Jan 27-10:30) Threei: Very encouraging words from tech support: "WTF???"
(Jan 27-10:30) Threei: lol
(Jan 27-10:34) dino: lbtya smr l .10
(Jan 27-10:35) Threei: Long Setup FCX .30 break
(Jan 27-10:35) Threei: If holds .20
(Jan 27-10:38) Threei: ok, FCX... trigger, work and don't be a scalp
(Jan 27-10:38) RonS has joined.
(Jan 27-10:39) munky: look C
(Jan 27-10:40) Threei: interestingly, this SPY drop doesn't helpo GLD much
(Jan 27-10:44) Threei: btw east coasters, heard from Will... you may be pleased to know that he too had whole 2 days of rain in Maui, and temperature dropped whole 2 degrees C
(Jan 27-10:47) dino: lol, we are going negative 8 f tonight, highs of 5 tomorrow
(Jan 27-10:48) Threei: in other weather-related news, yesterday in Winnipeg a thermometer knocked on the window and asked to be let inside
(Jan 27-10:49) munky: lol
(Jan 27-10:51) Threei: FCX 1:1
(Jan 27-10:51) munky: 12 green candles fb,
(Jan 27-10:52) Threei: out of 3-points instruction it fulfilled 2 so far... now proceed to 1:2 and we will endorse you for performer of the day
(Jan 27-10:53) Threei: a few folks lost in cyberspace... goinshort, robbers, fish, ese, cc7
(Jan 27-10:53) Threei: nemo
(Jan 27-10:58) dino: nemo=bringeroflight?
(Jan 27-10:58) Bringer of Light: ;-)
(Jan 27-10:58) Threei: I refuse to acknowledge this weird beast
(Jan 27-10:59) Bringer of Light: why would I want to be a member of a club that would want me?
(Jan 27-11:00) Threei: anyone who adds log editing work for me is, ummm
(Jan 27-11:00) Threei: how do I put it softly
(Jan 27-11:00) Bringer of Light: pizdah
(Jan 27-11:01) Threei: there: he doesn't make me weep with soul-reinvigorating elixir of immortality
(Jan 27-11:02) Bringer of Light: you wanna' live forever?
(Jan 27-11:03) Threei: FCX stop for the balance to .34
(Jan 27-11:03) Threei: Freddie answered that question for me...
(Jan 27-11:04) Threei: http://www.youtube.com/watch?v=_Jtpf8N5IDE
(Jan 27-11:05) RonS: Ll hammered
(Jan 27-11:06) dino: li?
(Jan 27-11:18) RonS: test
(Jan 27-11:18) Threei: passed
(Jan 27-11:18) Threei: about FB, too long to post here: https://www.facebook.com/RealityTrader/posts/711394688895209
(Jan 27-11:24) Threei: Long Setup FB .10 break
(Jan 27-11:24) Threei: If holds 53
(Jan 27-11:25) Threei: risky one, volatile more than udual today
(Jan 27-11:28) Threei: invalidated for now
(Jan 27-11:29) Threei: Manic Monday Trading as EM Volatility Roils Global Markets
(Jan 27-11:29) Threei: FB valid again
(Jan 27-11:31) RonS: cat pressure
(Jan 27-11:35) Threei: 1:1
(Jan 27-11:37) Threei: sheesh... another scalp
(Jan 27-11:37) Threei: this is annoying
(Jan 27-11:38) Threei: CAT: Miners are buying new equipment below acceptable replacement rates, boding well for future mining hardware sales Inventory declines are over
(Jan 27-11:42) Threei: ^%$#@*(&^
(Jan 27-11:50) dino: out lbtya .47, +.37
(Jan 27-11:51) Threei: crap... FB balance really got away
Jan 27-11:56) Threei: Long Setup C .80 break
(Jan 27-11:57) Threei: If holds .75
(Jan 27-11:57) Threei: word from tech support, looks like power supply unit is out
(Jan 27-11:57) Threei: they are looking for replacement
(Jan 27-11:58) Threei: C is valid
(Jan 27-11:59) Threei: not snymore
(Jan 27-12:03) Threei: Long Setup C .75 break
(Jan 27-12:03) Threei: if holds .65
(Jan 27-12:03) Threei: needs help by SPY of course but starts looking like legit bottom
(Jan 27-12:08) Threei: invalidated
(Jan 27-12:09) Threei:  is interesting for long on pullback
(Jan 27-12:09) Threei: around .70
(Jan 27-12:20) Threei: no chance
(Jan 27-12:25) dino: apam sm l .36 gappy/thin
(Jan 27-12:27) Threei: missing a lot of plays today
(Jan 27-12:42) dino: seems to be a bit of fear, sudden air pocket drops on many
(Jan 27-12:42) Threei: yes
(Jan 27-13:01) Threei: guys, main room is back up but without guarantee that they won't have to reboot the server once again, to restore all the services
(Jan 27-13:02) Threei: so we can remain here for an hour more, or move but be ready to switch again
(Jan 27-13:02) Threei: your choice
(Jan 27-13:03) Threei: Short setup GLD .90 break
(Jan 27-13:04) Threei: if holds 122
(Jan 27-13:08) Threei: 1:1
(Jan 27-13:08) Threei: if this one turns out merely a scalp, I'll...
(Jan 27-13:08) Threei: hmmm...
(Jan 27-13:08) Threei: ok, I'll allow nemo to change his nick to bringer of light in the main room
(Jan 27-13:15) Threei: 1:2
(Jan 27-13:15) Threei: finally something works
(Jan 27-13:15) Threei: for more than measly scalp
(Jan 27-13:15) Threei: sorry nemo, you are to remain a lost fish
(Jan 27-13:15) Threei: we need no stinin' light
(Jan 27-13:28) _joebi_wan has left.
(Jan 27-13:29) _joebi_wan has joined.
(Jan 27-13:30) _joebi_wan: Internet crapped out during Gld trade
(Jan 27-13:30) Threei: yikes
(Jan 27-13:30) Threei: are you still in?
(Jan 27-13:31) _joebi_wan: exited through the web trader on my phone
(Jan 27-13:31) Threei: what price did you get on exit?
(Jan 27-13:32) _joebi_wan: 121.74
(Jan 27-13:32) Threei: not too bad
(Jan 27-13:34) Threei: plenty of scalps today, this one was the only 1:2
(Jan 27-13:34) Threei: and a lot of larger moves just got away, couldn't read them
(Jan 27-13:34) Threei: Monday... and sever's troubles
(Jan 27-13:35) Threei: if Monday were a person: http://i.imgur.com/rLu8c77.jpg
(Jan 27-13:40) thomcbell: are we still on this one?
(Jan 27-13:40) Threei: depends on where you trailed... it tagged  over .80 on bounce
(Jan 27-13:40) Threei: I exited last 1/4 there
(Jan 27-13:41) Threei: if someone had more parience, 1:3 is almost here
(Jan 27-13:41) Threei: here without almost
(Jan 27-13:42) Threei: 1:4
(Jan 27-13:54) Threei: who would have thought GLD would turn a bigger mover... was quite tame lately
(Jan 27-13:58) _joebi_wan has left.
(Jan 27-13:58) _joebi_wan has joined.
(Jan 27-14:06) dino: chtr spike
(Jan 27-14:09) Threei: so far main room is stable
(Jan 27-14:09) Threei: let's move for the market close?

[14:10] thomcbell> yo
01[14:10] @Threei>  hey
[14:16] _Joebie_Wan> GLD smacked
01[14:16] @Threei>  no kidding
01[14:16] @Threei>  (US) White House: President Obama will not be providing any concessions to get a raise in the debt ceiling limit
01[14:20] @Threei> Long Setup:  GLD  .90 break
01[14:20] @Threei>  If holds  .80
01[14:20] @Threei>  looks double-bottomish
[14:24] nemo> figures, take my father to the dentist and miss the bottom
[14:25] nemo> IWM bottomed at the Monthly S! to the frickin' penny and SPY just about tested 177
01[14:31] @Threei>  no go
01[14:38] @Threei> Short Setup: SLW  .45 break
01[14:38] @Threei>  If holds  .55
01[14:38] @Threei>  aggressive for .40 break
[14:41] thomcbell> fb 54 short break
[14:41] thomcbell> 1:1
01[14:45] @Threei>  good one tbell
01[14:58] @Threei>  Les got completely lost today I guess
[15:23] dino> yrcw drop
[15:25] dino> smr l .85 wide
[15:30] dino> out yrcw .45, +.60
[15:34] dino> wtf, air pocket
01[15:36] @Threei>  no news
[15:37] RonS> ...this morning yrcw and Teamsters announced a deal...maybe details are negative...
01[15:45] @Threei> Short Setup: FB  .70 break
01[15:45] @Threei>  late aletr
01[15:45] @Threei>  sigh
01[15:45] @Threei>  OK
01[15:45] @Threei>  available for entry
01[15:45] @Threei>  usual stop, above .80
01[15:47] @Threei>  1:1
01[15:53] @Threei>  die FB
01[15:53] @Threei>  time's pressing
01[15:54] @Threei>  positive but annoying day
01[15:55] @Threei>  what with server troubles and whole lot of missed moves
[15:55] munky> yea
01[15:57] @Threei>  ok guys, closing last position
01[15:57] @Threei>  thank you all, hopefully we are back to nromal
01[15:58] @Threei>  have a good evening, see you tomorrow
[15:58] nemo> strange word to use here
01[15:58] @Threei>  strange is normal here
01[15:58] @Threei>  so back to normal means as strange as always
01[15:58] @Threei>  makes sense?
[15:58] munky> im confused
[15:58] nemo> do members of the ursine genus defecate in boreal areas?
[15:59] munky> monkeys do lol
01[15:59] @Threei>  that's also normal munky
[15:59] munky> look cat explode up
01[16:00] @Threei>  and FB and SLW dropping

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Winter Is Coming (for Emerging Markets) 

- Global markets went for a rollercoaster ride this week following about a month of tepid, sideways trading. A broad cohort of analysts has been calling for an inevitable correction from record highs and we may be seeing the beginning of the leg downwards. Troubling developments in Chinese financial markets and a huge devaluation in the Argentine Peso late in the week drove back-to-back, triple-digit losses on the DJIA. Over the course of Thursday and Friday, the DJIA and the S&P500 lost about 3% a piece. The first contraction in the flash China HSBC-Markit Manufacturing PMI data in six months also added weight. There was some better data in Europe, although there was almost no positive impact on equities as traders were focused on the global macro picture. The EUR and USD have both appreciated notably as investors seek safe havens, and the yield on the 10-year US Treasury has fallen to 2.72%, its lowest level since last November. For the week, the DJIA dropped 3.5%, the S&P500 lost 2.6% and the Nasdaq declined 1.7%.

- Fresh concerns about China's opaque and over-leveraged banking sector pummeled risk appetite on Thursday. Reports circulated the Industrial & Commercial Bank of China rejected requests from investors to bail out a unit's trust vehicle, China Credit Trust Co.'s high-yield "Credit Equals Gold" fund, which is headed for default on Jan 31st. There have been some reports that suggest Chinese authorities are pushing to let the vehicle default without rescue to "teach investors a lesson." Other reports suggest local provincial officials will scrape together the funds to make investors whole.

- The situation in Argentina worsened all week, and had a pronounced impact on global markets on Friday. On Wednesday, the Argentina Peso weakened by 0.25 to 7.14 to the dollar, and then on Thursday it fell to 8 pesos to the dollar, suffering its biggest daily decline since the crisis of 2002. The central bank intervened and pulled the peso back to 7.79 to the dollar, amounting to a devaluation of more than 15% in just 48 hours. There has been little official explanation for the huge devaluation, although the move comes after the central bank disclosed that foreign reserves had fallen to $29.4B (In 2013 alone, reserves plunged more than $12 billion to $31 billion, down from around $50 billion two years ago) and said it would abandon interventionist monetary policy.

- Natural gas prices spiked up into the $5.00 handle this week for the first time since 2010, as unseasonably cold weather drove up demand. Oil prices also ticked higher, rising off the $92-93 area to test above $96.80. Analysts suggest the opening of new pipelines is finally unclogging the Cushing, Oklahoma bottleneck, draining off stockpiles and boosting demand at Gulf Coast refineries.

- Iran and the west have taken the first steps toward implementing the P5+1 accord reached last November. The UN Nuclear Agency reported Iran has begun suspending uranium enrichment under the deal, leading the EU to formally suspend some sanctions for six months. The White House said it would provide modest sanctions relief per the agreement. At the same time, there were reports that the Iranian government was ready to talk with western oil majors, with even Chevron and ConocoPhillips said to have been approached. Up to 1.2M bpd worth of Iranian production could soon find its way back into markets.

- In its biannual WEO report, the IMF said the global economic recovery is strengthening as countries move away from austerity budgets and financial systems heal. The IMF increased its estimate for world growth this year slightly to 3.7% from 3.6% prior, compared to the 3.0% rate seen in 2013, although it also warned that the global growth rebound remains "weak and uneven." It boosted both China and US GDP forecasts slightly.

- Earnings season rolled along this week, although declines in major names weighed on indices and contributed to the overall slide. Johnson & Johnson, Travelers and Verizon all lost ground on Tuesday despite some decent quarterly results. Travelers more than tripled its Q4 profits versus a year ago on a big decline in catastrophe costs. J&J's saw very strong profit gains, although its initial FY14 outlook was a bit shy of estimates. Verizon's earnings and revenue were way up y/y, although net subscriber additions were less than half the year-ago figure. On Wednesday, IBM reported revenue that were down 5% y/y, thanks largely to ongoing difficulties in the Chinese market. McDonald's Q4 results were not great and comps were terrible, but executives made positive noises about a revamped value menu improving guest traffic in January.

- A few big names reported strong results and fought the prevailing currents. . Microsoft saw modest gains after earnings and revenue totals for its second quarter comfortably beat expectations and offered a rare bit of guidance for the forward quarter that was pretty strong. Consumer names Procter & Gamble and Starbucks were safe havens despite mediocre quarterly numbers. P&G gained although EPS and revenue totals only just met expectations and the firm merely reaffirmed full-year guidance. SBUX slightly topped the consensus view and tweaked its full-year a bit higher.

- At its weekly deposit auction, the ECB failed to fully sterilize bond purchases under its SMP program for the first time ever in a non-holiday market, raising some concerns as to why European banks were seeking so much extra liquidity. The came only a day after eonia spiked up to 0.35% from only 0.14% a week ago. Analysts suggested that rising short-term rates might increase pressure on the ECB to cut its repo rate in February. In any case, eonia eased off later in the week. The better Germany and France PMIs helped drive the euro higher against the dollar, with EUR/USD rising to 1.3690 from 1.3550 in the immediate wake of the data. At Davos on Friday, ECB President Draghi said that even though the recovery is still fragile and risks are to the downside, situation in the Eurozone has improved dramatically over the last year.

- With China jitters building, analysts noted that the environment was strengthening the yen while weakening the Australian Dollar. USD/JPY tested below the 102 level as of Friday, its lowest level since early December, while EUR/JPY approached 140.00. AUD/USD hit three-and-a-half year lows below $0.8760. However China was hardly the Aussie's only problem: RBA Governor Ridout kicked the AUD lower, saying the currency had not fallen enough and AUD/USD around $0.80 would be a fair level for the economy.

- Data is indicating a slow-but-steady economic recovery in the United Kingdom. The pound surged as the ILO Unemployment Rate edged closed to the BOE threshold of 7.0%. GBP/USD gained steadily through Friday morning, rising to just shy of 1.6670, its highest levels since the spring of 2011. The BOE minutes appeared to be a touch dovish and the MPC did not bring up forward guidance. There had been some speculation that BOE Governor Carney could amend forward guidance by changing the unemployment benchmark at which an interest rate hike would be considered to 6.5% from 7% after he said there is no pressing need for a rate increase.

- The Turkish Central bank resisted heavy market pressure to defend a tumbling lira and fight inflation for fear of dampening economic growth ahead of elections this year. The Lira hit fresh record lows against both USD and EUR following the central banking holding rates steady on Tuesday. With the chaos overtaking FX markets later in the week, the central bank was said to have intervened for the first time in two years, by selling dollars.

TradeTheNews

Jan 24 2014

Another very strong day, with 13:ers all over. Heroes of the day were FB, both long and short, and SLW on the short side. Really strong week for us, with plenty of nice juicy winners.



Session Time: Fri Jan 24 00:00:00 2014

[09:09] {thomcbell} gm all
[09:10] {RonS} forge on all
01[09:11] {Threei}  tbell, ron :)
[09:20] {nemo} spy touched the 50 day in the pre-market
01[09:23] {Threei}  fairly subdued so far
[09:28] {RonS} ksu drubbed
[09:31] {munky} c down
[09:31] {nemo} spy going for the 50
[09:31] {thomcbell} small long ebay
01[09:31] {Threei} Long Setup:  FB  .25 break
01[09:32] {Threei}  If holds  .15
01[09:32] {Threei}  valid
[09:32] {dino} stt beat, drop hard?
01[09:33] {Threei}  1:1 if you got it
[09:35] {thomcbell} out ebay
[09:35] {dino} stt smr l .56 wide/gappy
[09:36] {nemo} iwm gap close
[09:36] {nemo} spy at channel bottoim
[09:37] {nemo} finnies at 50 day
01[09:37] {Threei} Long Setup:  FB  .15 break break
01[09:37] {Threei}  If holds  .05
01[09:37] {Threei}  Invalidated
01[09:38] {Threei} Long Setup:  FB  .10 break
01[09:38] {Threei}  If holds  56
[09:38] {thomcbell} syna unreal
01[09:39] {Threei}  doesn't look right
01[09:39] {Threei}  yeah
01[09:39] {Threei}  If holds  .70  break
01[09:40] {Threei} Long Setup:  C  .70 break
01[09:40] {Threei}  If holds  .60
01[09:40] {Threei}  Invalidated
01[09:41] {Threei}  56 break was short actually... grr
01[09:46] {Threei} Long Setup:  C  .55 break
01[09:46] {Threei}  If holds  .50
01[09:46] {Threei}  meh
01[09:47] {Threei} Long Setup:  FB  .60 break
01[09:47] {Threei}  If holds  .50
[09:48] {dino} c smr l .50
01[09:48] {Threei}  1:1
01[09:49] {Threei}  1:2
01[09:52] {Threei}  1:3
01[09:52] {Threei}  out
[09:52] {nemo} well this is not an inspirational bounce
01[09:52] {Threei}  no, just profitable one
01[09:56] {Threei}  exited just a tad early
01[09:56] {Threei}  C still can't raise its head
[09:57] {ese} morning....just poping in to say hello and then and flying to Red Deer Alberta.....my mom is not doing well and we've been asked by her Doctor to get there.....been a difficult lcouple of days for the family.....cyou Monday
01[09:57] {Threei}  sorry to hear ese
[09:57] {ese} tks vad....have a good weekend
[09:57] {dino} db smr l .50
[09:59] {thomcbell} syna where was the short dino
[10:00] {thomcbell} lol
[10:02] {thomcbell} ebay looks sick here still
[10:02] {nemo} not much looks "well"
[10:02] {dino} sorry tbell, wrapped up in 3 banks
[10:02] {nemo} lvs spready so far
[10:03] {thomcbell} lvs 50 sma is near 76
01[10:05] {Threei} Short Setup: CAT  .50 break
01[10:05] {Threei}  If holds  .60
[10:06] {munky} missed
[10:06] {nemo} good luck with that
[10:06] {munky} anmd i was there too
[10:07] {nemo} bids just dropped out
01[10:07] {Threei}  ugh
01[10:07] {Threei}  1:2
[10:15] {dino} out db flat
[10:17] {dino} db re-load smr l .35
[10:17] {dino} markets whippy
01[10:18] {Threei}  24 Jan 09:52 [SBUX] Full speed ahead in China; recent local press reports of "overcharging" have had no effect on business - cnbc
01[10:19] {Threei}  so, chinese will have to drink SBUX coffee now
01[10:19] {Threei}  this is our revenge on them
01[10:19] {Threei}  cruel...
01[10:21] {Threei}  DDD Citron Research again makes cautious comments
01[10:21] {Threei}  - Citron says immediate target $56, longer term much lower.
01[10:25] {Threei} Short Setup: FB  56 break
01[10:25] {Threei}  If holds  .10
[10:26] {dino} out stt ave .76, +1.20
01[10:27] {Threei}  wtg
[10:27] {dino} thx
01[10:29] {Threei}  1:1
[10:31] {dino} mkt air pocket
01[10:31] {Threei}  1:2
01[10:31] {Threei}  jusat in time, I should say
01[10:32] {Threei}  1:3
01[10:32] {Threei}  out
01[10:33] {Threei}  FB is a day maker
01[10:36] {Threei}  DDD...
[10:42] {dino} wdc smr l .10
[10:46] {dino} dji -3% from jan highs, s/p -2.5%, typically -3 to - 5% gets bounce
01[10:48] {Threei}  DDD feels like another leg down is coming
[10:49] {munky} cat too
01[10:49] {Threei}  .30 break
01[10:49] {Threei}  CAT
01[10:50] {Threei}  worth a try, half lot
[10:50] {nemo} short or long
01[10:50] {Threei}  considering that it's above .30... :)
[10:51] {munky} short
[10:52] {munky} crap look ddd
[10:53] {munky} in cat sh
[10:54] {munky} ddd is .75 lower from vads short mention
[10:54] {munky} nice read
01[10:55] {Threei}  muich better since I've got reading glasses...
01[10:55] {Threei}  easier to tell CAT from EBAY
[10:55] {nemo} wife from mistresses
01[10:56] {Threei}  that's mostly palpation experience
01[10:57] {Threei}  wow FB
[10:57] {thomcbell} y just saw it vad
[10:57] {nemo} wish I had seen that, perfect short setup
[10:57] {munky} DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
[10:58] {munky} didnt know its that wild tho
[10:59] {thomcbell} sm long NOW 59.88
[11:03] {munky} out cat .26 btw
[11:03] {munky} ty
[11:04] {munky} still like cat to lose 86
[11:04] {RonS} bmy pounded
[11:05] {munky} wow
[11:08] {dino} bmy smr l .57
[11:08] {thomcbell} out now
[11:08] {thomcbell} -0.40
01[11:10] {Threei}  1:1  CAT
01[11:10] {Threei}  1:2
01[11:10] {Threei}  done
[11:11] {dino} pru drop
01[11:16] {Threei}  FB... that's one underutilized short, even though it gave us 2 1:3ers
[11:16] {munky} yeah
[11:16] {munky} some nasty falls today
01[11:18] {Threei} Short Setup: SLW  .10 break
01[11:18] {Threei}  I like falls
01[11:19] {Threei}  would love to see another gold plunge... nothing drops better than GLD when goldbugs get disappointed once again
[11:20] {munky} mkt gonna lose 16k
[11:22] {dino} bmy .40 wall
[11:23] {dino} -500 pts dji since tuesday
[11:26] {munky} vad, dime stop slw?
01[11:27] {Threei}  .16
[11:27] {munky} k
01[11:31] {Threei}  1:1
01[11:38] {Threei}  1:2
[11:38] {dino} pru smr l .00
01[11:41] {Threei}  1:3
01[11:41] {Threei}  out
01[11:41] {Threei}  can I go home?
[11:41] {munky} nope
[11:42] {munky} wish i took 10k shares of that one, nice easy slow
01[11:43] {Threei}  1:4
01[11:43] {Threei}  GLD broke down too
[11:44] {dino} bmy drop
01[11:50] {Threei}  [BMY] Weakness attributed to unwillingness to comment on efficacy data regarding yervoy/pd-1 arm of 012 - conf call comments- Question was posed in Q&A. - Also lukewarm for prospects on broad lung program combo
[11:51] {dino} ty
[11:53] {nemo} look for a long trade on vxx this afternoon, people will be buying insurance this weekend
[12:06] {RonS} Smith & Wesson says it will stop selling some guns in California over a law requiring information on bullet casings | http://bloom.bg/1eY8LjB
[12:09] {RonS} deck springing
[12:10] {nemo} deck up from the mat  ;-)
[12:20] {dino} ty ron, out bmy .97, +.40 wild ride
[12:21] {RonS} np
[12:23] {RonS} live pulp
[12:25] {dino} yeah
[12:27] {dino} relentless selling, no bounces
[12:27] {dino} cof hangs tough
[12:32] {dino} stt smr l .72
[12:37] {thomcbell} syna very impressive
[12:44] {Les} yo
[12:45] {Les} kicking back with a drink and long tza .57
[12:45] {Les} holding .50
01[12:45] {Threei}  hey Les
[12:45] {Les} wary of higher low in indexes here
[12:46] {Les} took scenic lake road to avoid shitty highway traffic home this evening
[12:46] {Les} MY GOD the photographic opportunities that presented themselves
[12:46] {Les} awesome driving lakeside. gonna do it every trip
[12:46] {Les} IWM testing the earlier low
[12:46] {Les} die you prick
[12:49] {Les} don't do it
[12:50] {thomcbell} nice call vxx
[12:51] {Les} what was the setup?
[12:52] {Les} tza dumped flat long iwm
[12:52] {Les} db
[12:52] {nemo} it was a comment Les: [11:53] {nemo} look for a long trade on vxx this afternoon, people will be buying insurance this weekend
[12:53] {Les} ah ok
[12:53] {Les} watching it boucne of .75 resistance
[12:53] {nemo} it bounced right at R2
[12:53] {Les} yhge seen
[12:58] {dino} out stt .12, +.40
[12:58] {dino} opps, .06, +.35
06[12:59] * Les slaps RonS around a bit with a large trout
[13:02] {Les} iwm threatens inverse cup and handle
[13:03] {Les} spy showing higher low though
[13:09] {Les} goddam do I have to fight World War 3 for a scalp
[13:09] {Les} finally
[13:09] {Les} iwm 1:1
[13:10] {dino} lol
[13:11] {Les} well at least vad and auntie Ritalin have installed the discipline to trade the setup correctly
[13:11] {Les} but patience still ain't one of my virtues
[13:12] {RonS} good thing eloquence is though...
[13:13] {Les} I name Ron son of Nemo
[13:15] {RonS} :)
[13:16] {Les} http://www.youtube.com/watch?v=9LUv3kbmNfg
[13:16] {Les} Arnie baby
[13:16] {Les} 60 years old and still kickin it
[13:16] {nemo} yeah "Howard"
[13:20] {Les} no ones buyin this bs
[13:20] {Les} out
[13:20] {Les} vxx long interesting here
[13:20] {Les} vwap at .25... can wait
[13:31] {Les} merde VXX exploded off vwap while doing dinner
[13:42] {RonS} Ukraine unrest spreads From Kiev as EU warns of civil war | http://bloom.bg/LQRUqj  pic.twitter.com/ypmVYbxHf2
01[13:45] {Threei}  yeah
01[13:45] {Threei}  kind of incredible to see these sights of familiar places
[13:47] {RonS} hlf acting like it wants 60...
[13:49] {dino} stt smr l .63
01[13:49] {Threei}  Petition asking Prez Obama to deport Justin Bieber to Canada gains popularity
01[13:50] {Threei}  nah, you keep him
[13:50] {dino} jazz drop
[13:50] {RonS} ese fired?
[13:51] {Les} long iwm .52 holding the low last go
[13:52] {thomcbell} wuba short setup 36.25 break if holding 36.35
[13:52] {Les} 1:1
[13:52] {thomcbell} only doing a half lot
[13:54] {thomcbell} invalid - watching for another setup
[13:58] {Les} I£WM stop
[13:58] {Les} spy gonna let go
[14:00] {Les} outta here gonna watch Django Unchained. bon weekend
01[14:07] {Threei} Short Setup: FB  .90 break
01[14:07] {Threei}  If holds  55
01[14:14] {Threei}  1:1
[14:21] {nemo} gmail down globally
01[14:21] {Threei}  life as we know it is over
[14:21] {nemo} the company that designed the healthcare website must be in charge
[14:23] {RonS} hlf
[14:26] {RonS} hlf...ack ack ack!!!...
[14:27] {RonS} ...loved that movie...
[14:28] {RonS} bingo hlf 60 break...
[14:29] {dino} dji -600 pts since tuesdays' open (4 days)
[14:36] {RonS} sheesh trv beat...
[14:45] {dino} yeah, trv, wdc, cof, stt, bmy all beat
[14:45] {dino} on watch list for next week
[14:51] {dino} bmy smr l .31
[14:55] {RonS} mlm...they must think stands for multi-level marketing...
01[14:55] {Threei}  lol
[14:57] {RonS} txn purchase rumor then denied...mlm
[15:12] {nemo} vxx
01[15:24] {Threei} Short Setup: FB  .50 break
01[15:24] {Threei}  If holds  .60
01[15:26] {Threei}  time to crash, FB
01[15:27] {Threei}  good girl
01[15:28] {Threei}  no no, don't bounce... recrash
[15:34] {dino} meli down about 6 off that agentina devalue
[15:35] {dino} down about 16 i mean
[15:38] {dino} bmy stop -.20
[15:39] {RonS} outta here, see you guys Monday
01[15:40] {Threei}  take care ron
01[15:40] {Threei}  ok guys, thank you all
01[15:40] {Threei}  great end to the good week
01[15:41] {Threei}  have a good weekend, see you Monday
[15:43] {dino} cya 3i
[15:45] {thomcbell} wuba there again
[15:50] {dino} out stt flat. thats it for me, gn, dino afk

Jan 23 2014

When you open the day like this, you have a pleasant choice - stay for more or go back to sleep.

We elected to stay and added a few more winners, including nice 1:3 on EBAY.

Session Time: Thu Jan 23 00:00:00 2014
[09:00] {Les} yo
01[09:00] {&Threei}  Les :)
[09:01] {nemo} can the day get any worse
[09:01] {Les} sure
[09:01] {Les} you could be hit by a car
[09:01] {nemo} did that already
01[09:01] {&Threei}  car is totaled?
[09:01] {nemo} it was actually an 18 wheeler hauling gasoline
[09:01] {Les} doesn't count
[09:02] {Les} girlie man
[09:02] {nemo} excuse me?
[09:02] {nemo} an 18-wheeler hauling 12,000 gallons of gasoline doesn't count?
[09:02] {Les} course it doesn't
[09:03] {Les} :)
06[09:03] * nemo is speechless
[09:03] {Les} bout bloody time
[09:03] {nemo} I can't believe how much I overestimated your cognitive abilities
[09:03] {Les} and...?
[09:04] {nemo} that's what left me speechless
[09:04] {Les} Euro higher low looking like slow asphxiation for EU
[09:10] {Les} got home midday and saw the charts... one SPY short at 1:30 constituted the day's trading
01[09:18] {&Threei}  Justin Bieber arrested for drag racing and DUI in Miami Beach, Fla., police say
01[09:18] {&Threei}  there is still hope for humanity
[09:19] {Les} hopefully he can smash himself into a tree at 150MPH too in the not too distant future
[09:20] {nemo} I like the idea of being burn't over like 90% of his body
01[09:20] {&Threei}  I am not that bloodthirsty, I will settle for release under firm promise never to sing anymore
[09:20] {nemo} and make him have a vasectomy
[09:21] {robbers} I hope he meets someone in jail who thinks he's cute.
01[09:21] {&Threei}  lol
[09:21] {RonS} howdy doodies
[09:21] {nemo} yeah, he'll really get to work on his oral skills
01[09:21] {&Threei}  ron :)
[09:21] {cc_7} Financial data firm Markit said its preliminary U.S. Manufacturing Purchasing Managers Index dipped to 53.7 from December's reading of 55.0. Economists polled by Reuters expected no change.
[09:21] {nemo} where's Dino?
[09:22] {robbers} Squeal like a pig in C minor.
01[09:22] {&Threei}  digs out?
01[09:22] {&Threei}  cc7 :)
[09:22] {RonS} managing his real estate empire?
[09:22] {nemo} he'd be a good guy to have as a landlord
01[09:22] {&Threei}  (GR) Troika doesn't want to agree any terms with Greece before their return - press- Eurogroup to state Greece must comply with the Troika - Troika doesn't want lengthy negotiations with Greece
[09:23] {RonS} ya, you pay the rent, he says he is lucky...
01[09:23] {&Threei}  do these european imbeciles even know what "troika" refers to?
[09:26] {RonS} you would think the word troika would be an anathema to a Greek
[09:27] {dino} gm
01[09:27] {&Threei}  dino :)
[09:27] {RonS} since if they were ese it would be spelled troyka...
01[09:29] {&Threei}  lol
01[09:30] {&Threei} Short Setup: C  .50 break
01[09:30] {&Threei}  If holds  .60
01[09:30] {&Threei}  1:1
01[09:31] {&Threei}  1:2
01[09:31] {&Threei}  1:3, out
[09:32] {robbers} Nice call.
[09:35] {dino} trv sm l .90
01[09:37] {&Threei} Long Setup:  FB  56 break
01[09:37] {&Threei}  If holds  .90
01[09:38] {&Threei}  struggle
01[09:41] {&Threei}  (US) Preview: Dec Existing Home Sales expected at 10:00 ET (15:00 GMT)- Consensus expectations: 4.92Me v 4.90M prior
01[09:42] {&Threei} Short Setup: C  .20 break
01[09:42] {&Threei}  If holds  .30
01[09:42] {&Threei}  FB 1:1
01[09:42] {&Threei}  finally
01[09:43] {&Threei}  1:2
01[09:43] {&Threei}  dam's broken
[09:43] {Les} straight up scalp for .17 ty
01[09:43] {&Threei}  yw
[09:43] {Les} in spy long from .86 too
01[09:44] {&Threei}  1:3
[09:44] {munky} out .34 ty nice
01[09:44] {&Threei}  out
01[09:44] {&Threei}  :)
[09:45] {Les} quarter off spy .15
[09:46] {Les} last quarter at .95 let's see if we climb outta this hole
[09:47] {Les} damn great call on FB
01[09:49] {&Threei}  C is valid again
[09:49] {dino} cof wall/trigger .00 sm l
[09:50] {dino} trv stop .60 -.30
[09:51] {nemo} hey dino: http://goo.gl/DSBj1i
[09:51] {Les} nice base C 2 way?
[09:51] {Les} if support holds?
[09:52] {Les} short it is
01[09:53] {&Threei}  1:1
[09:54] {Les} half ty
01[09:54] {&Threei}  yw
[09:54] {dino} wdc sm l .00
[09:59] {Les} VXX pop on high volume
[09:59] {Les} nevermind vol. changed
01[09:59] {&Threei}  *(US) DEC EXISTING HOME SALES: 4.87M V 4.92ME
01[10:00] {&Threei}  HLF Senator Markey (D-MA) calls on US Govt regulators to investigate the company - financial press (related USNA BTH NUS )
01[10:00] {&Threei}  hey... Ackman found support in senate
[10:00] {dino} ackman buying senators
01[10:00] {&Threei}  :)
01[10:01] {&Threei}  IMF Lagarde: Need to remain vigilant about bubbles; not observing any asset bubbles on the verge of bursting at the moment
[10:01] {Les} dumb broad
01[10:01] {&Threei}  that's right, we need to wait until they are on the verge of bursting
01[10:02] {&Threei}  imbecilette
[10:02] {Les} frik my english sux
01[10:02] {&Threei}  so's my swuahili
[10:03] {nemo} MA
[10:03] {Les} VXX potential DT
[10:04] {Les} oh no, broad is spelt like that. sheesh
[10:05] {Les} too much medication
[10:05] {dino} out wdc .80, +.80
[10:05] {Les} gj
[10:05] {dino} ty
[10:06] {nemo} hey dino:  http://goo.gl/DSBj1i
[10:10] {dino} lol
[10:10] {nemo} thought you'd get a kick out of that
[10:11] {dino} been a long time
[10:11] {nemo} what's worse, I vaguely remember watching it
[10:11] {dino} i don't
[10:11] {dino} what year was it 68?
[10:11] {RonS} 69
[10:12] {nemo} or 69 not sure, I was little, but I remember Joe Willie and my father watching it
[10:12] {dino} i was 4
01[10:21] {&Threei} Short Setup: GLD  .75 break
[10:21] {nemo} a little early, isn't it?  ;-)
01[10:21] {&Threei}  If holds  .85
01[10:21] {&Threei}  setup forms when setup forms...
[10:21] {nemo} just kidding, the afternoon short schedule
[10:22] {dino} strange 07 barely moving
[10:23] {dino} re-booting it
[10:39] {dino} rgr smr l .67 gappy
[10:58] {Les} GLD dickin around. took 2nd entry managed only  partial cover now shits itself
01[10:58] {&Threei}  GLD is being taken outside and shot
[10:59] {nemo} sloppy seconds Les, moving up in the world
[11:03] {Les} when I grow up I wanna be cynical and nasty just like you
[11:04] {nemo} just a reporter, that's all I am
[11:05] {Les} yeh unbiased and all
[11:05] {Les} took gld secondary bounce short
[11:05] {Les} yeeehaaaa
[11:06] {Les} all covered DB
01[11:08] {&Threei}  wtg
[11:09] {Les} nothing important money wise just practising my setups
[11:09] {nemo} oh
[11:10] {nemo} wearing kneepads?
[11:10] {Les} I could for you
[11:11] {Les} VXX bands tightening
[11:11] {Les} move coming
[11:12] {nemo} wow, that skeeved me wicked
[11:13] {Les} long IWM  .02 holding .94
[11:15] {Les} learning something new everyday with Nemo...
[11:15] {Les} happy to freak you out
[11:15] {Les} half out iwm
[11:19] {Les} quarter off .18
[11:19] {Les} http://www.youtube.com/watch?v=S06nIz4scvI
[11:24] {dino} trv sm l .10
[11:27] {Les} indexes weak
[11:27] {Les} still got a quarter for iwm at vwap .30
01[11:28] {&Threei}  Herbalife Ltd. Spokesperson confirms received letter from Sen Markey; look forward to addressing concerns as soon as possible
[11:32] {Les} Sen Markey shorting HLF is he?
01[11:32] {&Threei}  or invested in ackman's fund
[11:32] {Les} right
[11:34] {Les} c'mon VXX break this level
01[11:35] {&Threei} Short Setup: FB  .20 break hl
01[11:35] {&Threei}  If holds  .30
01[11:38] {&Threei}  1:1
[11:54] {Les} all out iwm +.12
[11:54] {Les} taking break
01[12:08] {&Threei} Long Setup:  MCD  .95 break
01[12:08] {&Threei}  If holds  .90
01[12:23] {&Threei}  meh
01[12:35] {&Threei}  rinse
01[12:35] {&Threei}  dirty rotten scoundrel
01[12:38] {&Threei}  1:2... ^%@*(&$
01[12:38] {&Threei}  I mean 1:3
01[12:52] {&Threei}  BlackBerry Pentagon reportedly denies any new order was placed for phones - tech blogs
01[12:52] {&Threei}  so much for resurrection
[12:53] {nemo} that should be the stake in the heart
[12:53] {nemo} support at 0
01[13:02] {&Threei}  rob ford is not the only canadian politician who can do unexpected things
01[13:02] {&Threei}  http://www.telegraph.co.uk/men/the-filter/virals/10589471/Canadian-Prime-Minister-plays-Hey-Jude-to-Israels-Benjamin-Netanyahu.html
01[13:02] {&Threei}  ese would really hate this
[13:14] {thomcbell} slw looking long here vad
[13:14] {thomcbell} 22.52 long break?
[13:15] {thomcbell} nope
01[13:17] {&Threei}  kind of meandering
01[13:17] {&Threei}  missed very good morning, tbell...
[13:17] {thomcbell} sndk and mu impressive
[13:45] {thomcbell} always Vad
01[13:46] {&Threei}  look at this: https://www.facebook.com/RealityTrader/posts/708815429153135
[13:48] {Les} starting to get interesting
01[13:48] {&Threei}  lookiong for bounces to short
[13:49] {Les} looking for intraday capitulation
[13:50] {Les} vol. ain't exciting though
[13:50] {Les} RIG might give way shortly
01[13:51] {&Threei}  IWM, if bounces into .85 - .90 zone, should be a short
[13:51] {nemo} indexes getting extended here careful
01[13:55] {&Threei} Short Setup: FB  .10 break
[14:01] {Les} db on the spy long .92
[14:03] {nemo} watch the trendline Les
[14:03] {Les} seen
[14:05] {Les} half off at resistance here
[14:05] {Les} not sure this market's got the minerals
01[14:05] {&Threei}  no go
[14:06] {Les} get up there you dog
[14:07] {Les} sit Nemo
[14:08] {thomcbell} upl 23.57 long break
[14:08] {thomcbell} if holding 0.50
[14:09] {Les} whadya reckon Nemo
[14:09] {Les} VWAP or bust?
[14:10] {Les} spy .50 certainly looks doable
[14:10] {RonS} sure, that's it...just ask ese:  Obama: My Poll Numbers Are Down Because I'm Black http://wp.me/p3KLak-26q
[14:11] {Les} yeh we aussies be throwing colour like that in detention camps now
[14:12] {Les} different sorta race politics, but that be about all they got to play now...
[14:12] {RonS} prob is...he's a half-breed...
[14:13] {Les} oooph distancing myself from that one Ron...
[14:13] {Les} at least it ain't tax related. Means the NSA won't be rounding you up :P
[14:16] {Les} quarter here at .14
[14:18] {nemo} .20 an inflection level Les
[14:20] {thomcbell} flattening upl
[14:21] {Les} last quarter .24
[14:22] {Les} that'll do donkey, that'll do
[14:26] {Les} need my beauty sleep a+
01[14:32] {&Threei} Long Setup:  EBAY  .50 break hl
01[14:33] {&Threei}  If holds  .40
01[14:40] {&Threei} Long Setup:  EBAY  .35 break hl
01[14:40] {&Threei}  If holds  .25
01[14:47] {&Threei}  1:1
02[14:50] * Disconnected
Session Close: Thu Jan 23 14:50:05 2014

Session Start: Thu Jan 23 14:50:05 2014
Session Ident: #discussions
02[14:50] * Attempting to rejoin channel #discussions
03[14:50] * Rejoined channel #discussions
01[14:50] {Threei}  oops
[14:50] {RonS} connection fell asleep?
01[14:50] {Threei}  I guess
[14:50] {nemo} old like Vad
[14:55] {dino} odd drop and pretty much sit day
[15:11] {thomcbell} molto bene ebay
01[15:11] {Threei}  1:2
[15:11] {RonS} took ebay .36 to .58 +.22 thanks 3i
01[15:11] {Threei}  :)
01[15:11] {Threei}  1:3
01[15:11] {Threei}  out
[15:11] {dino} gj
01[15:11] {Threei}  full day of 1:3ers
01[15:17] {Threei} Short Setup: GLD  .70 break
01[15:17] {Threei}  If holds  .80
[15:23] {dino} conn spike
01[15:27] {Threei}  [HLF] Icahn: Have not sold any shares of Herbalife stock, stock is undervalued
01[15:27] {Threei}  hehe
01[15:27] {Threei}  duel between these two is the highest suspense of this kind I've ever seen
[15:28] {dino} conn sm s .64
[15:28] {thomcbell} two tremendous egos
01[15:32] {Threei}  yes
01[15:32] {Threei}  but only one of them is stupid enough to walk in the room full of well-heeled egos managing huge money and say "I am short this stock to the gills"
01[15:33] {Threei}  inviting gigantic short squeeze o
[15:33] {nemo} talk about being a tall tree
01[15:33] {Threei}  ekzaqtly
01[15:33] {Threei}  and screaming loufdly "look how tall I am"
[15:34] {nemo} a violation of the three treasures if ever there was one
[15:34] {dino} cov conn .34, +.30
01[15:42] {Threei}  wtg
[15:43] {dino} ty, slow day for me
01[15:44] {Threei}  no go
01[15:44] {Threei}  OK guys, thank you all
01[15:44] {Threei}  have a great evening, see you tomorrow
01[15:49] {Threei}  (US) White House senior health-care adviser Chris Jennings to leave post - financial press- Cites health, family reasons
01[15:49] {Threei}  as in: I don't want my family to beat me up

Jan 22 2014

Nice day with a few sizable wins handily outweighing stops. FB, CAT and GLD were the heroes of the day.

Session Time: Wed Jan 22 00:00:00 2014
[08:25] {nemo} how's the weather dino?
[08:26] {dino} 0 f and windy
[08:27] {dino} highs f 4 today
[08:27] {dino} dog's mad, hit treadmill for 2 miles instead of our walk
[08:27] {nemo} yeah, we're not quite that cold, still snowing and of course, our area got the heaviest band...but it's the lightest, fluffiest stuff I can remember
[08:27] {nemo} get a treadmill for him
[08:27] {dino} only an inch of snow, lucky that way
[08:28] {dino} lol, dog
[08:28] {nemo} by a huge big screen up
[08:28] {nemo} get glasses cam, and record your walk and play it back together
[08:28] {nemo} should be a real bonding experience
[08:28] {dino} don't think she'd appreciate that
[08:28] {nemo} the dog, or your wife?
[08:28] {dino} lol
[08:29] {dino} shower time, back in 30
[08:29] {nemo} shovel time for me
[08:29] {dino} glad we missed that
[08:52] {thomcbell} gm all
[08:52] {thomcbell} fb they are trying to goose it
01[08:53] {&Threei}  morning tbell, dino, nemo
[08:56] {nemo} that hurt
[08:56] {nemo} Vad....u know better
01[08:56] {&Threei}  ?
[08:56] {nemo} morning pleasantries
01[08:56] {&Threei}  I didn't say "good" morning
01[08:57] {&Threei}  I simply acknowledged that it's a morning
[08:57] {nemo} o.k., I'll let it slide this time
01[08:57] {&Threei}  just information, you know
01[09:12] {&Threei}  poor IBM
[09:19] {nemo} only 750k spy traded...gonna' be a tight day before the jobs report tomorrow
[09:21] {nemo} europe is flat to slightly red
01[09:23] {&Threei}  that SPY can stay positive with IBM being what it is is quite impressive
[09:23] {nemo} well, IBM is only down 4%
[09:27] {RonS} gm dudes
01[09:28] {&Threei}  ron :)
[09:31] {ese} morning
01[09:31] {&Threei}  ese :)(
[09:32] {ese} getin more tired as the years get along.....seems harder to get up at 5:30 am
01[09:32] {&Threei} Short Setup: FB  59 break
01[09:33] {&Threei}  If holds  .10
[09:33] {RonS} ese:  'was born tired and am having a relapse..."
01[09:34] {&Threei}  1:1
01[09:34] {&Threei}  1:2
[09:34] {munky} nice out .82 ty
01[09:35] {&Threei}  :)
[09:35] {munky} look cree
[09:35] {munky} hammered
01[09:36] {&Threei}  20 cents spread
[09:36] {munky} oops
[09:36] {dino} was up big af last night
[09:37] {ese} i hear ya ron i hear ya
01[09:39] {&Threei} Long Setup:  FB  59 break hl
01[09:39] {&Threei}  If holds  .90
01[09:41] {&Threei}  a bit heavy
01[09:42] {&Threei}  meh
01[09:43] {&Threei} Long Setup:  GDX  .35 break
01[09:44] {&Threei}  If holds  .28
[09:44] {ese} L nuan .97
[09:46] {ese} hmmmmmm 18K offer at ,00
[09:46] {ese} might be a bit of a barrier
[09:46] {ese} break through that and skys the limit
[09:46] {thomcbell}     Wednesday, January 22, 2014 9:45:54 AM
[09:46] {thomcbell}     Facebook Ticks lower on circulation of a non-peer reviewed study claiming that the company's usership base could decline substantially by 2017
[09:46] {thomcbell}     - reference: http://business.time.com/2014/01/21/facebook-is-about-to-lose-80-of-its-users-study-says/ - Source TradeTheNews.com
[09:46] {thomcbell}     why it just dropped
[09:46] {ese} 33k offer .00
[09:47] {thomcbell} http://business.time.com/2014/01/21/facebook-is-about-to-lose-80-of-its-users-study-says/
01[09:47] {&Threei}  Princeton University study using epidemiological model suggests Facebook could lose most of its users by 2017
01[09:47] {&Threei}  seriously?
01[09:47] {&Threei}  man...
01[09:48] {&Threei}  epidemiological model
01[09:48] {&Threei}  study must be titled "I fish for grants"
01[09:49] {&Threei}  GDX 1:1
[09:49] {ese} bizzare
[09:50] {nemo} finnies trending again
[09:50] {munky} out gdx .47 ty
01[09:50] {&Threei}  :)
[09:51] {goinshort} nice V!!
[09:51] {ese} people getting tired having no privacy......that trend of revealing your enitire could be over
[09:51] {ese} entire life
[09:51] {thomcbell} i hate it
[09:51] {ese} nuan ½ .08 +.11
[09:52] {ese} balance stop .90
01[09:52] {&Threei}  people have choice just how much to share
01[09:53] {&Threei}  you can be on FB and remain in the shadows
01[09:53] {&Threei}  or you can use it to communicate wth your family and friends
01[09:54] {&Threei}  then again, you can inform the world what you had for breakfast, and when exactly you'll be in a coffee house 20 miles away from your house while it's freee to be robbed
[09:54] {dino} evok smr s .53
[09:55] {ese} or.......you can....without your consent have the NSA looking at your profile
01[09:55] {&Threei}  don't put in your profile what you don't want to be public
[09:55] {ese} he's given that power to them
01[09:55] {&Threei}  if you post it on internet, anyone can see it, NSA or not
[09:56] {ese} yup
[09:56] {nemo} lvs interesting here
[09:56] {RonS} angi sreaming into volume pocket
[09:56] {dino} rgr dropping again
[09:56] {RonS} screaming
01[09:57] {&Threei} Long Setup:  FB  .50 break hl
01[09:57] {&Threei}  If holds  .40
01[09:58] {&Threei}  you can put a piece of paper with your personal info on the lamp post, and NSA can come and read it. Will it be NSA's fault, lamp post's or yours?
01[09:58] {&Threei}  not ready yet, FB
[09:59] {ese} is this a trick question
01[09:59] {&Threei}  no
[09:59] {ese} although
01[09:59] {&Threei}  just by way of analogy
[09:59] {ese} I got nemos phone number from the washroom down here at Willow Beach
[10:00] {nemo} ese like's drumstick suppositories
[10:00] {ese} rotflol
[10:00] {dino} ccih smr s .70
01[10:00] {&Threei}  - Study says "Ideas, like diseases, have been shown to spread infectiously between people before eventually dying out, and have been successfully described with epidemiological models."
01[10:01] {&Threei}  idiots
[10:01] {ese} ah frig....nuan balance stopped .91
[10:01] {ese} people have got too much time on there hands
[10:04] {munky} nuan pllbck
01[10:04] {&Threei} Long Setup:  DIS  75 break
01[10:04] {&Threei}  If holds  .90
01[10:05] {&Threei}  USD/CAD Fresh session and multi year highs following the BOC decision and statement- levels not seen since 2009
01[10:05] {&Threei}  good
01[10:05] {&Threei}  can we go where it was in 2000?
[10:05] {ese} ya know........after you have a couple of drinks............the world is much easier to explain
01[10:05] {&Threei}  and more pleasant to cope with
[10:05] {ese} indeed
01[10:06] {&Threei}  remember what russian scientists said when heard that english scientists proved that chocolate makes people happier?
[10:06] {ese} ?
01[10:06] {&Threei}  "did they try vodka yet?"
[10:06] {ese} lol
[10:06] {RonS} lol
[10:07] {dino} ccih stop .93, -.23
[10:07] {RonS} guess incas happiest people in history then...chocolate, coca, and coffee...
01[10:08] {&Threei}  and tequila?
[10:08] {RonS} not to mention cilantro...
01[10:08] {&Threei}  or they haven't discovered fermentation back then yet?
[10:08] {RonS} maybe used just for mummies...
01[10:09] {&Threei}  APC
01[10:10] {&Threei}  APC Greenlight (Einhorn) said to have taken 'medium sized' stakes in APC and BP, issued in letter to shareholders - press- Also took stake in BP
[10:10] {RonS} bks squeezing...
[10:11] {ese} and...discriptive language after drinking is much simpler as well..."what a bunch of A holes" ....."thats Bull S"....... "they don't know what there Friggin talkin about".........excelent discriptive language,.....
[10:12] {munky} fb short the one that gotr away
01[10:12] {&Threei}  well, we got on at the open
01[10:12] {&Threei}  but this study killed it
[10:13] {munky} find out later the researchers are short lol
01[10:13] {&Threei}  now we know who really rules the market - epidemiologists
01[10:13] {&Threei}  no go DIS
[10:14] {ese} where did you see that study vad?
01[10:14] {&Threei}  news feed
[10:14] {ese} which feed...trade the news
01[10:14] {&Threei}  yes
01[10:14] {&Threei}  9:44
[10:14] {ese} tks.........missed i then
[10:15] {ese} ya.ya....there it is
01[10:15] {&Threei}  SPY loses ground
01[10:16] {&Threei} Short Setup: CAT  .30 break
01[10:16] {&Threei}  If holds  .40
[10:17] {dino} cov evok .85, +.71
01[10:17] {&Threei}  wtg
[10:17] {dino} ty
01[10:17] {&Threei}  If holds  .35
[10:21] {ese} zuckerberg might want to stash his money where the chinese politburo stashes there ..Britsh virgin Islands offshore accounts
[10:21] {ese} theres
01[10:22] {&Threei}  their?
[10:22] {ese} Y
[10:23] {RonS} w/ ese there is no their there...
06[10:23] * &Threei designates nemo a grammar police and hands him a Desert Eagle
[10:23] {dino} i don't think zuckerberg needs to ever worry about money
[10:23] {ese} Offshore assets of China's elite revealed in leaked recordsBy the International Consortium of Investigative Journalists, CBC News Posted: Jan 21, 2014 4:01 PM ET Last Updated: Jan 21, 2014 5:15 PM ET
[10:24] {ese} well well well......so much for equality......
01[10:24] {&Threei}  that's socialism for you
[10:24] {thomcbell} fb trying here but stil appears heavy
01[10:24] {&Threei}  everyione is equal
01[10:24] {&Threei}  but some, you know...
[10:24] {ese} not again!!!!!!  that ain't socialism
01[10:25] {&Threei}  no?
[10:25] {ese} thats greed
01[10:25] {&Threei}  that's exactly it
[10:25] {nemo} JPM
01[10:25] {&Threei}  socialism is merely different form of greed
01[10:25] {&Threei}  capitalism is greed for money to earn
01[10:26] {&Threei}  socialism is grweed for money to distribute
[10:26] {thomcbell} lulu 47.39 short break
01[10:26] {&Threei}  CAT 1:1
01[10:26] {&Threei}  so pick your poison
01[10:26] {&Threei}  earn or mooch
[10:27] {ese} I have an offshore account.......it's in the Royal Bank of Canada on the mainland
[10:27] {RonS} lol
[10:27] {dino} deck smr l .35 wide
[10:28] {dino} db sm l .96
[10:28] {nemo} jpm not going up with this rally
01[10:30] {&Threei}  1:2
[10:30] {munky} cat beauty vad
01[10:30] {&Threei}  it is
01[10:30] {&Threei}  as I told Les... real men love cats
01[10:31] {&Threei}  Will will be glad to see we are making friends with CAT when they finally expel him from Maui
[10:31] {thomcbell} lulu no nope
[10:31] {goinshort} out CAt thanks!
01[10:31] {&Threei}  yw
01[10:32] {&Threei}  sheesh... gun fight with terrorists miles away from Sochi
[10:33] {dino} ccih smr s .26
[10:33] {munky} thoughts on sochi vad? looks like terrorism very real possibility
01[10:33] {&Threei}  heard yesterday one expert saying what I thought was major problem with security over there: corruption
01[10:34] {&Threei}  one guard taking a $1000 bribe, and defense is broken
01[10:34] {&Threei}  and for far too many 1K is huge money
[10:34] {nemo} .60 level jpm
01[10:34] {&Threei}  and culture of corruption is all around
01[10:34] {&Threei}  1:3, out in full
[10:34] {ese} things will be fine for the canadian team......they'll issue them weapons and amo as there getting off the plain in sochi....and they'll be ok
[10:35] {ese} their
[10:35] {nemo} why would they give them guns and ammo when they get off the field?
01[10:35] {&Threei}  it's a huge problem I believe, munky
01[10:35] {&Threei}  anything happens there, it's an immense hit on Putin's credibility
[10:35] {ese} plane.....opps
[10:36] {nemo} love to see how u spell "Zildjian"
[10:37] {ese} lol
01[10:39] {&Threei}  or "Chiaroscurist "
[10:39] {ese} huh
[10:39] {ese} what the "H" is that
01[10:39] {&Threei}  An artist who specializes in chiaroscuro
[10:40] {ese} which is...........what?
[10:40] {dino} kibbles and bits
01[10:40] {&Threei}  an art produced by chiaroscurists
[10:40] {ese} rotflol
[10:41] {ese} do the words ...."you haven't answered my friggin question mean anything to you!?"
01[10:43] {&Threei}  http://lmgtfy.com/?q=chiaroscuro
[10:43] {dino} stop ccih .44 -.18
[10:44] {dino} stop deck .95, -.40
[10:44] {dino} hmmm, not my morning
[10:44] {ese} thats really cool........are you thinking about that technique when photographing
[10:44] {ese} mine either dino
01[10:45] {&Threei}  speaking of... http://photography.realitytrader.com/2014/01/best-of-2013.html
01[10:47] {&Threei}  CAT 1:4... without me
[10:48] {ese} your photography is spetacular vad.......the one of the goldfish and turtle......how in the world were you in the right place at the right time for that one
01[10:48] {&Threei}  ty
[10:50] {munky} fb cat bottomless
01[10:55] {&Threei}  btw, speaking about olympics security... they discovered now that one of suspected terrorists might be already within the "ring" as they call it,
01[10:56] {&Threei}  but my question is:
01[10:56] {&Threei}  knowing how and by whom construction is done over there, don't they think the bomb might already be in place?
01[10:57] {&Threei}  not just in the zone, but in actual place, put there during construction
[10:57] {munky} never even thought of bthat
01[11:00] {&Threei}  let's hope neither did terrorists...
01[11:00] {&Threei}  there is just no frikin way to control the construction of this scale
01[11:00] {&Threei}  they practically built two new Sochis
[11:00] {nemo} You ever have one of those situations that was chronic and then one day you realized it was gone, and in a way you kind of missed it?
[11:00] {dino} cof l .52
[11:01] {nemo} Les isn't here
01[11:01] {&Threei}  lol
[11:01] {ese} lol
01[11:01] {&Threei}  it will be cured soon, nemo :)
[11:01] {dino} lol
[11:02] {dino} thought you were getting deep on us nemo
[11:02] {nemo} Remember when Magoo was questioning you Vad about how long he'd been there, and I told you just to remember when that rash started?
[11:03] {nemo} Mags had a wicked sense of humor
01[11:04] {&Threei}  lol
[11:05] {nemo} yeah, took him a few minutes to catch on, then he trouted me
01[11:05] {&Threei}  well deservedly I should say
01[11:05] {&Threei}  and since he is not here,
06[11:05] * &Threei slaps nemo around a bit with a large trout
[11:05] {nemo} oh yeah, I probably deserve getting blue whaled
06[11:06] * &Threei slaps nemo around a bit with a large blue whale
01[11:06] {&Threei}  yuor wish is my command
[11:06] {nemo} just call me Jonah
06[11:07] * &Threei slaps nemo around a bit with a large blue whale and calls him Jonah
[11:07] {nemo} privyet
[11:07] {RonS} should tell Belichick his db got trouted...
[11:07] {nemo} yeah, Welker dropped a shoulder into him
[11:08] {dino} welkers a tough little guy
[11:08] {nemo} yeah, always has been...I remember that Ryan Clark blindside shot, he got right up
[11:09] {RonS} that danny woodhead the toughest little guy...
[11:09] {dino} cherbet used to take a beating at nyj
[11:09] {nemo} yeah, he was great too...he's a 200 pounder though at 5 '6"
[11:09] {nemo} pretty frickin compact
[11:09] {nemo} yeah, but chebet couldn't take the punishment after about 5 or 6 years
[11:10] {nemo} Welker's been at it quite a while
06[11:16] * nemo puts chin pillow in place
06[11:17] * &Threei inserts needle in nemo's chin pillow
[11:18] {nemo} pretty bored, huh Vad?
[11:19] {RonS} ...george gnaws on sausage chin pillow...
[11:19] {RonS} maybe should say norm...
[11:20] {RonS} love those "daable check" commercials
[11:20] {RonS} just did it and they said "we cannot compete"  what a waste of money...
[11:25] {munky} fb nice climb
[11:28] {RonS} guess bored here...wondering if munky's first name is theloniously or funky...
[11:28] {nemo} chunky
01[11:29] {&Threei}  "theloniously..." that's a good one
06[11:30] * &Threei suggests munky to master the art of trouting as a vital tool for survival
[11:31] {munky} how u do that?
01[11:33] {&Threei}  do you have mirc?
06[11:33] * dino slaps ese around a bit with a large trout
[11:34] {munky} yup
01[11:34] {&Threei}  right click on the nick you want to trout,
01[11:35] {&Threei}  and look at the bottom line in dropdpwn menu
[11:38] {RonS} lol...  http://msn.foxsports.com/olympics/story/norway-s-curling-team-can-t-be-missed-in-sochi-with-these-outfits-012214
06[11:41] * munky slaps Threei around a bit with a large trout
[11:41] {munky} ahhhhhhhh
[11:44] {munky} u may have created a monster er um i mean munky vad
01[11:44] {&Threei}  lol
01[11:49] {&Threei} Long Setup:  CAT  .75 break hl
01[11:50] {&Threei}  If holds  .65
[11:53] {dino} not much action so far
01[11:53] {&Threei}  Invalidated
[12:05] {ese} hey all....am off...make a great day...cya tomorrow
01[12:05] {&Threei}  take care ese
[12:07] {dino} deck sm l .64
01[12:09] {&Threei}  VRNG Reportedly wins patent ruling against Google
01[12:10] {&Threei}  halted
01[12:25] {&Threei}  HTZ ICahn: Ive nver said Ive owned Hertz - CNBC
01[12:25] {&Threei}  Hertz: mother...
[12:27] {RonS} HTZ:  http://www.youtube.com/watch?v=zMFuW65ThY0
01[12:28] {&Threei}  lol
[12:31] {dino} htz hl s .32
[12:37] {dino} out cof .65, +.12
[12:40] {dino} cov htz .24, +.08
[12:44] {dino} out deck .99, +.34
[12:45] {thomcbell} sndk long setup 72 break if holding 71.90
[12:46] {thomcbell} time of day
[12:46] {thomcbell} but sox very strong and they report tonight
[12:54] {thomcbell} sndk invalid obviously
[12:57] {nemo} twtr took viagra
[13:06] {dino} vrng open
[13:09] {dino} vrng smr l .80
[13:10] {RonS} bks winding up to chew the 7 mil sh short...
01[13:11] {&Threei}  does VRNG do anything else but sues tech giants?
[13:11] {dino} dk, dm
[13:14] {dino} ilmn spike
[13:15] {dino} cnat too
[13:24] {dino} ilmn vsm s .90
[13:32] {dino} vrng stop .68 -.12
01[13:37] {&Threei}  Taiwan detains Foxconn managers in iPhone parts kickback probe - China press- Taiwanese police have reportedly arrested at least a dozen current and former senior managers at Apple manufacturing partner Foxconn on charges that the group accepted bribes from upstream iPhone component suppliers.
[13:37] {dino} cov ilmn .90, +1.00
[13:37] {RonS} wtg
[13:38] {dino} thx
[13:39] {nemo} gpor dino
[13:42] {dino} flat lining
[13:43] {nemo} yeah, looks up if market goes up
[13:44] {nemo} seems to be a pretty aggressive seller at 58
01[13:48] {&Threei} Short Setup: CAT  .50 break
01[13:48] {&Threei}  If holds  .60
01[13:50] {&Threei}  trail to .56
06[13:58] * &Threei looks over his shoulder to make sure PETA is not around and hits CAT over the head with 2x4
[14:02] {dino} sblk drop
01[14:12] {&Threei}  half out CAT
01[14:12] {&Threei}  stop to .51
[14:13] {nemo} needs to get through .38
01[14:13] {&Threei}  rob ford strikes again
01[14:13] {&Threei}  https://www.youtube.com/watch?v=iXpwflzSF4M
01[14:15] {&Threei}  promo e-mail: Send Love with 50¢ Valentines
01[14:16] {&Threei}  that's quite cheap love...
01[14:17] {&Threei}  pit balance
01[14:17] {&Threei}  out
01[14:22] {&Threei}  I'd say, good idea
[14:26] {dino} sblk sm l .78
[14:34] {dino} out slbk .72 -.06
01[14:52] {&Threei}  call me fixated but...
01[14:52] {&Threei} Short Setup: CAT  .40 break
01[14:52] {&Threei}  If holds  .50
[14:52] {nemo} what about your gold trade
01[14:53] {&Threei}  way too narrow
01[14:53] {&Threei}  gold needs to set new cycle of elation or panic
01[14:53] {&Threei}  either will do although I prefer panic
01[14:53] {&Threei}  easier to read and play
01[15:00] {&Threei}  no go
[15:01] {dino} hit/miss day
01[15:02] {&Threei}  same here, with winners outweighing slightly thanks to the move size
[15:03] {dino} down 30 bucks
01[15:06] {&Threei} Short Setup: EBAY  .25 break
01[15:06] {&Threei}  If holds  .35
[15:07] {nemo} ebay earnings tonight
01[15:07] {&Threei}  yup
01[15:07] {&Threei}  and NFLX
[15:08] {nemo} ffiv and sndk wdc fio uri stj
[15:09] {nemo} not even 44.5 million on spy
[15:09] {nemo} wtf
[15:10] {nemo} wtf
[15:10] {nemo} wtf
01[15:10] {&Threei}  finger stuck?
[15:10] {nemo} yeah, in the air
[15:11] {dino} db to .64
[15:15] {dino} pitiful isn't it nemo. we need some volume
[15:15] {nemo} I thought the day would play out like this with the jobs report tomorrow
[15:15] {nemo} only thing that surprised me so far is the IWM
[15:23] {nemo} wow, looks like they're going to break this thing higher in the spirit of "never short a dull market"
[15:23] {dino} db to .69
01[15:24] {&Threei}  Invalidated
[15:25] {nemo} finnies kissing that overhead gap
[15:25] {dino} to .71
01[15:25] {&Threei} Short Setup: GLD  .40 break
01[15:26] {&Threei}  If holds  .50
[15:30] {goinshort} Thanks Vad!   goin to FLA for a few days and warm up - be back Tuesday - Take Care
01[15:31] {&Threei}  safe travel, gs
[15:33] {dino} to .73, slow walk
[15:35] {dino} well, w/hard stop in, i am in the black today
01[15:35] {&Threei}  :)
[15:36] {dino} strange one 6 of 11 but only up slightly
[15:36] {dino} no big hits either side
[15:37] {nemo} well the chop today meant your wins and losses were equal
[15:37] {nemo} no outsize ones except for that ilmn I think
[15:37] {dino} and looking at them they are
[15:37] {dino} no, that was smr at only 100 shares, moved in .40 increments
[15:37] {nemo} spy set up to break higher
[15:37] {nemo} ahhh
[15:38] {nemo} so you get a 1:1 stop and a bunch of 1:1 wins
[15:38] {dino} yes
[15:38] {nemo} not a recipe for outsize performance
[15:38] {dino} biggest win 136, biggest loss 149
[15:38] {nemo} there you go
[15:39] {nemo} almost looks like the only things trading are the algos
[15:40] {nemo} so....a run into the close, or do they pull the bids ;-)
[15:40] {nemo} iwm showing weakness
[15:40] {dino} to .75
[15:40] {nemo} that was the lead dog today
01[15:40] {&Threei}  is it some kind of mantra some feel necessary to repeat?
[15:40] {nemo} excuse me?
01[15:40] {&Threei}  I hear this for about 10 years already
01[15:40] {&Threei}  complaints about algos
[15:41] {nemo} I'm not complaining stating what appears to be going on
[15:41] {nemo} can't complain about other species occupying the environment u do
[15:42] {nemo} well, except for wives and children
[15:42] {dino} lorl spike
[15:43] {nemo} wow
[15:43] {dino} up fpr sale
[15:43] {nemo} news?
[15:43] {nemo} ahhhh
01[15:43] {&Threei}  LORL Said to be working with an advisor to sell the company - financial press
[15:44] {nemo} so spy basically a .60 range today
01[15:44] {&Threei}  half out
01[15:44] {&Threei}  GLD closing trade is back for us today
[15:45] {dino} db out .76, +.16
[15:45] {nemo} surprised the algos didn't beat u  ;-)
[15:45] {dino} lorl smr s .79.60
01[15:45] {&Threei}  sigh
[15:47] {dino} cov 79.06, +.54
[15:50] {nemo} tomorrow likely to be a gap day in either direction @ 8:30
01[15:51] {&Threei}  wow
[15:51] {nemo} depending on jobs report
01[15:51] {&Threei}  the power of foreseeing
[15:51] {dino} lorl odd, that should have gone way higher after the pullback to 79. on up for sales they usually run 7-10 bucks, then collapse
[15:51] {dino} nobody believes they can be sold i guess
01[15:52] {&Threei}  good girl GLD
01[15:52] {&Threei}  1/4 more out
01[15:52] {&Threei}  stop to .36
[15:52] {dino} gj
01[15:52] {&Threei}  ty
01[15:53] {&Threei}  take that algos
01[15:56] {&Threei}  to .31
01[15:56] {&Threei}  to .26
[15:56] {dino} little guy not back in markets
[15:57] {nemo} I think alot of traders were on the sidelines waiting for the jobs report
[15:57] {nemo} especially after the snowstorm
[15:59] {nemo} vix getting a boost into the close
01[15:59] {&Threei}  closing last part
01[15:59] {&Threei}  +.22
01[15:59] {&Threei}  saved by the bell, GLD
01[15:59] {&Threei}  thank you all, have a good evening
01[15:59] {&Threei}  see you tomorrow
[16:01] {dino} gn all

Jan 21 2014

Back and forth day, ending just slightly positive. Market did a lot on aimless wandering around, with no sense of determination either way. As news outfits put it, "perplexing" drop around 11 am left participants, well, perplexed. 


Session Time: Tue Jan 21 00:00:00 2014
[09:08] {dino} gm
[09:12] {thomcbell} gm
[09:12] {nemo} so earnings and no real economic info until Thursday with jobs
[09:16] {Les} raging bull, crouching bear the name of this film?
[09:16] {Les} gm
[09:17] {nemo} did Les make a funny?
[09:17] {Les} SPY flirting with ATH here
[09:17] {Les} of go play with yer rabbit
[09:17] {Les} oh
[09:20] {nemo} one would think upward pressure on markets going into the jobs report on Thursday
[09:20] {Les} whatever
[09:20] {Les} just give me something to shoot at
[09:22] {nemo} R2 iwm here
[09:23] {Les} fakeout or breakout...
01[09:24] {&Threei}  good morning
[09:24] {nemo} who knows as I said overall upward pressure into jobs report....probably a coupla doji days
[09:29] {ese} made it....morning
01[09:29] {&Threei}  ese :)
[09:29] {nemo} oh joy
06[09:29] * Les slaps ese around a bit with a large trout
[09:30] {ese} best hello i've ever got
01[09:30] {&Threei} Short Setup: C  .75 breah hl
01[09:31] {&Threei}  If holds  .80
01[09:33] {&Threei}  meh
01[09:34] {&Threei} Long Setup:  FB  .75 break hl
01[09:34] {&Threei}  If holds  .65
01[09:35] {&Threei}  1:1
01[09:35] {&Threei}  1:2
[09:35] {munky} inj..out .95 WOW
[09:36] {munky} fast ty
01[09:36] {&Threei}  :)
01[09:36] {&Threei}  that's how we like them... fast and easy
[09:36] {nemo} women?
[09:37] {Les} rabbits?
01[09:37] {&Threei} Long Setup:  IWM  .80 break
01[09:37] {&Threei}  If holds  .70
[09:37] {dino} trv sm l .88 pulp
01[09:42] {&Threei} Long Setup:  FB  . break
01[09:42] {&Threei} Long Setup:  FB  .70 break
01[09:42] {&Threei}  If holds  .60
01[09:43] {&Threei}  Invalidated
01[09:44] {&Threei} Long Setup:  FB  .65 break
01[09:44] {&Threei}  If holds  .55
[09:45] {munky} cat down a point
[09:45] {dino} out trv .24, +1.36
01[09:45] {&Threei}  wtg
01[09:46] {&Threei}  keeping an eye on CAT
[09:46] {dino} ty
01[09:46] {&Threei}  doesn't looks ready yet
01[09:46] {&Threei}  no go
[09:48] {nemo} chop chop chop
[09:51] {nemo} finnies trending up
01[09:54] {&Threei} Long Setup:  CAT  91 break hl
01[09:54] {&Threei}  If holds  .90
01[09:56] {&Threei} Long Setup:  YHOO  .65 break
01[09:56] {&Threei}  If holds  .60
01[09:56] {&Threei}  Invalidated
01[09:57] {&Threei}  CAT 1:1
[09:58] {ese} bbry....hmmmmmmmm
[09:58] {thomcbell} vad are  you in there in fb?
01[09:58] {&Threei}  no
[09:59] {thomcbell} darn - you were on the scent
01[09:59] {&Threei}  yeah
01[09:59] {&Threei}  got tempted by other opportunities
[10:00] {ese} bbryEarly strength attributed to report Dept of Defense to use new mobility program
[10:00] {ese} Citron research making positive comments, sets $15 price target - Source TradeTheNews.com
[10:00] {dino} jnj drop
[10:01] {ese} does the white house still Blackberries encryption technology?
[10:02] {ese} that was big news some years back
[10:02] {ese} has made a nice move up since mid Dec
[10:03] {Les} sm JPM short .19
[10:03] {Les} holding .25
[10:04] {dino} bofi spike
[10:05] {munky} FB wicked
[10:05] {Les} stopped -.01
[10:05] {thomcbell} mu looks like a 22.56 long break
[10:06] {Les} FAS VWAP bounce. watching for further weakness
[10:06] {thomcbell} or maybe its a waste of time
[10:06] {nemo} guys it's choppy as shit out there
[10:06] {nemo} there's no catalyst it's hurry up and wait
[10:08] {nemo} expe very weak
01[10:08] {&Threei} Short Setup: CAT  .90 break hl
01[10:09] {&Threei}  If holds  91
[10:09] {dino} 07 red
01[10:10] {&Threei}  1:1
[10:10] {nemo} NQ
[10:10] {Les} there goes FAS
[10:11] {Les} DIA showing relative weakness
[10:14] {Les} DIA drops into support
01[10:14] {&Threei}  1:2
[10:14] {Les} only managed to grap 100 on CAT ty anyway
[10:14] {thomcbell} lulu looking like a long setup here
[10:15] {thomcbell} not playing
[10:18] {dino} trv pullback
01[10:19] {&Threei} Long Setup:  FB  .20 break
01[10:19] {&Threei}  If holds  .10
[10:20] {dino} trv sm l .76
01[10:21] {&Threei}  1:1
[10:22] {ese} Travelers (TRV -0.88%) reported Q4 EPS of $2.68, well ahead of consensus of $2.16.
[10:22] {ese} might go up for days dino
[10:23] {dino} thx ese, saw that too
[10:23] {ese} spyders up against it though
[10:24] {dino} vxx based on s/p?
01[10:25] {&Threei}  loosely
[10:26] {ese} L swks .90
01[10:27] {&Threei}  CAT beauty
[10:28] {Les} C is close to opening support. waiting to see a bounce first
01[10:31] {&Threei} Long Setup:  CAT  .40 break
01[10:31] {&Threei}  If holds  .30
[10:31] {nemo} spy stil dropping
01[10:34] {&Threei}  nah
[10:36] {ese} swks stopped .76 -.14
01[10:40] {&Threei} Long Setup:  CAT  .25 break
01[10:40] {&Threei}  If holds  .15
[10:41] {dino} trv 85 wall
01[10:42] {&Threei}  1:1
01[10:44] {&Threei}  1:2
[10:45] {dino} nice
01[10:45] {&Threei}  ty
01[10:45] {&Threei}  ugh
01[10:45] {&Threei}  FB got away
01[10:45] {&Threei}  was looking at .15 break, missed it
01[10:46] {&Threei}  clean double bottom
[10:48] {Les} europe on the verge of closing flat. doji day for them as bunny boy remarked.
[10:52] {nemo} spy low is daily pivot drops that, look for gap close then weekly pivot at 183.30
[10:53] {Les} sm sso long
[10:53] {Les} .56
[10:53] {Les} stop is clear
[10:54] {thomcbell} spwr looks like a short
[10:54] {thomcbell} to 33
[10:55] {Les} 2/3 out the door
[10:59] {dino} sanw spike
[11:00] {Les} got yer CAT long too ty. modified the setup as I missed the .25 break
[11:02] {Les} out SSO for the scalp
[11:02] {Les} gotta strap an apron on for the boss
[11:03] {RonS} ...and heels?
[11:03] {Les} ...waiting for Nemo
[11:04] {dino} live drop
[11:07] {RonS} live float 1 mil sh...
01[11:13] {&Threei}  looking to short the bounce
[11:13] {munky} which bounce?
01[11:15] {&Threei}  market bounce
[11:17] {Les} helicopter sounds suggest Montreux already warming up for Thursday's circus
[11:18] {Les} Almost feels like the Cold War is back on
01[11:18] {&Threei} Short Setup: FB  .25 break
[11:20] {Les} could bounce to .40 R1
01[11:21] {&Threei}  Invalidated
01[11:26] {&Threei} Short Setup: FB  .40 break
01[11:28] {&Threei}  If holds  .45
[11:33] {thomcbell} u guys see this onvo
[11:33] {RonS} hit piece onvo on sa...hearing
[11:33] {thomcbell} citron
01[11:33] {&Threei}  yup, citron
[11:34] {thomcbell} no shares
01[11:35] {&Threei}  sharp drop time, FB
01[11:36] {&Threei}  meh
[11:37] {munky} newbie question here...whats "meh" stand for?
[11:37] {dino} dk
[11:37] {nemo} 5 cent stop
[11:38] {thomcbell} lulu worked -
01[11:38] {&Threei}  small stop, 5 cents, or full-sized stop on half lot
01[11:38] {&Threei}  doesn't deserve full-blown "no worky," just "meh"
[11:39] {nemo} "meh" is yiddish for "metza metza" in Italian
[11:39] {munky} i tried to load it as a symbol lol
01[11:40] {&Threei}  I capitalize symbols :)
[11:41] {dino} trv sm l .20 for swing or dollar, whatever hits first
[11:43] {dino} sbny spike
01[11:43] {&Threei}  : Equities Under Pressure, Catalyst Unclear
01[11:43] {&Threei}  wow... first time I see they admit they don't know why market dropped
[11:44] {Les} oh they'll have something by tomorrows open
01[11:44] {&Threei}  sure
01[11:44] {&Threei}  "ah, that's why!"
01[11:44] {&Threei}  the three leading indices have all dipped into the red, led lower by a sudden and perplexing decline in the DJIA after 11:00ET
[11:44] {Les} perplexing.... lol
[11:45] {Les} why sir, it is very perplexing this market behaviour
[11:45] {dino} "markets are down because they are not up"
01[11:45] {&Threei}  and that's perplexing
[11:45] {dino} indeed
[11:45] {Les} happy to have learnt to switch the thinking off a little... or at least turn the vol. down
[11:47] {nemo} cat looks short
01[11:48] {&Threei}  90 breal?
01[11:48] {&Threei}  looks tempting
[11:48] {nemo} only thing is time of day
01[11:50] {&Threei}  it's exactly the time when CAT likes to do those long romantic walks far down
[11:50] {munky} wheres the FB short?
01[11:50] {&Threei}  .60 break... but do hl
01[11:51] {&Threei}  not really clear
[11:51] {munky} in
[11:52] {ese} ok....carpet cleaning guy is here......gotta go cya tomorrow
01[11:52] {&Threei}  take care ese
[11:53] {Les} DIA playing ball nicely. suspicious of fade here
[11:53] {munky} ese diapers must have failed
[11:54] {Les} dia
[11:57] {munky} stopped fb
01[12:07] {&Threei}  CAT 1:1
[12:07] {RonS} dino rgr
[12:10] {dino} watching it, had a big run up
[12:10] {thomcbell} lulu
[12:10] {thomcbell} lord
[12:10] {dino} played it friday
[12:12] {nemo} tht is likely a single buyer in lulu taking a position, he might be done now
[12:26] {Les} IWM into VWAP
[12:34] {dino} out half trv .90, +.70
[12:36] {thomcbell} excellent dino
[12:40] {RonS} took rgr 76.20 to 77.55 +1.35
[12:41] {dino} ty tbell
[12:41] {dino} wtg ron
01[12:42] {&Threei}  nice job guys
[12:45] {RonS} data run
[12:53] {Les} http://www.albawaba.com/news/syria-geneva-541223
[12:53] {Les} sounds like the military is already in place. just down the road this..
[12:54] {Les} wonder when ur VP shows up
[12:54] {dino} if you're lucky, he won't
[12:54] {dino} the "joker" smile
01[12:55] {&Threei}  lol
[12:55] {RonS} whr
[12:56] {Les} working it later in the week. wouldn't mind a gander at some big shots
[12:56] {Les} even a dufus like him
[12:58] {dino} agio drop
01[13:02] {&Threei} Long Setup:  LULU  .80 break
01[13:02] {&Threei}  If holds  .70
01[13:07] {&Threei}  1:1 if you went for it
[13:28] {dino} ron that rgr bounces all over
[13:29] {RonS} bangs around?
[13:30] {dino} good one
01[13:50] {&Threei} Short Setup: WMT  .75 break
01[13:51] {&Threei}  If holds  .80
[13:56] {nemo} double top WMT
[13:58] {thomcbell} spwr 33.90 short break
[13:58] {nemo} oh oh
[13:58] {nemo} sorry chart was frozen
[13:59] {thomcbell} invalidated
[13:59] {thomcbell} potentially two sided
[14:15] {Les} FB interesting here
[14:15] {Les} long potential
[14:16] {Les} maybe 2 sided
[14:22] {nemo} just might get my doji today
[14:35] {dino} mrtx drop
01[14:36] {&Threei}  meh
[14:41] {nemo} spy less than 60 mil so far
[14:47] {nemo} indexes looking short...but maybe only to vwap
[14:55] {dino} whx drop
[15:01] {RonS} fallout from mlk day?
[15:08] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
01[15:14] {&Threei} Short Setup: CAT  .50 break
01[15:14] {&Threei}  If holds  .60
[15:26] {dino} rcpt spike
[15:32] {dino} well nemo, we are going to negative temps again tonight thru friday, you too i suppose
[15:32] {dino} highs of single digits during days
[15:32] {nemo} not quite negative, but I ain't doin
[15:32] {nemo} no sunbathing
[15:32] {nemo} I think we'll be making teens...global warming a bitch
[15:33] {dino} probably crazy, but been thinking of hitting the hot tub after the close
01[15:33] {&Threei}  polar vortex is back?
[15:33] {nemo} nah, that's a good idea...we used to do that all the time in Germany and then jump in the snow...I was much younger then though
[15:34] {dino} no snow jumping, but a couple beers would be nice
01[15:34] {&Threei}  "I am much more younger now than I was back then when I was old"
[15:34] {dino} fwiw lost 10 lbs since started diet
[15:34] {nemo} I'm not as think as you stoned I am
[15:35] {nemo} what was that, the Byrds, or Mama's and Papas?
[15:35] {dino} super bowl takkes on new meaning with colorado and washington teams
[15:35] {nemo} saw that
01[15:37] {&Threei}  a lot of aimless wadnering around today in the market
[15:37] {nemo} doin' the vwap walk
[15:37] {dino} sure, but dji put on a 200+ spread
[15:38] {dino} other half of trv won't break out. not sure i want to hold it
[15:38] {nemo} I don't look at the dji much, but because there's no catalyst they've been creating these doji's so you can get some profits
01[15:40] {&Threei}  no go
01[15:40] {&Threei}  annoying day
01[15:50] {&Threei}  note to self: try DKTK setups tomorrow
01[15:50] {&Threei}  CAT would have worked on that
[15:51] {munky} dktk?
[15:51] {nemo} hehehehehhe
[15:51] {nemo} Don't Kid the Kidder
[15:51] {nemo} cat held vwap
01[15:52] {&Threei}  let it stop out, and only then entry on recross - in CAT's case, let it trigger at .60, stop at .70 and then short ,.70 recross
01[15:52] {&Threei}  the abbreviation is what nemo said :)
[15:52] {munky} oh
01[15:53] {&Threei}  normally works better in choppy market
01[15:56] {&Threei}  ok guys thank you all
01[15:56] {&Threei}  have a good evening, see you tomorrow
[15:58] {dino} f'it, out remaining trv .98, +.78
[15:59] {&Threei}  not too shabby
[15:59] {dino} why chance it i figure

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Earnings Season Off to a Weak Start

US equity markets were stuck in neutral for a second consecutive week. Mixed earnings from the big US banks and other corporates provided broader markets with no real catalysts. In Europe, the DAX hit another all-time high on Wednesday as the ECB clarified its positions on bank sovereign bond holdings and capital requirements under the AQR stress tests and Eurozone trade data. The World Bank raised its 2014 global GDP growth forecast to 3.2% from 3.0% prior, the first increase in global GDP projections in three years. On the data front, US December housing starts fell 9.8% y/y following a surge in November. The decline was certainly striking, but analysts like to point out that December's rate was still 2013's third highest rate, in a month of unseasonably cold weather. For the week, the DJIA edged up 0.1%, the S&P500 lost 0.2% and the Nasdaq gained 0.5%.

- December inflation reports out of the US and the eurozone highlighted the growing gap in economic performance between the two regions. In the Eurozone, December annualized CPI dropped to 0.8% from 0.9% in November, while in the US the annualized rate rose to 1.5% from 1.2% in November, and US core CPI was steady at 1.7%. The yield spread between US and German 10-year debt remains pretty steady around 1.0%, with yields on 10-year bund closing out the week around six-week lows at 1.752% compared to a 2.825% yield on the 10-year UST. In a speech on Monday, ECB President Draghi claimed that deflation is not broad based in the euro zone and explained the phenomenon as a consequence of "necessary adjustments" in some regions. ECB governor Weidmann said deflation risks in euro zone were "limited."

- In China, the PBoC has now held off on conducting open market operations for a week and a half. One-week Shibor rates pushed out to two-week highs as investors braced for the release of Q4 and 2013 GDP on Monday, January 20th. The central bank again urged lenders to strengthen liquidity management and set a reasonable pace on lending, even as reports said that the top four state banks accelerated new lending in January, handing over 320 billion yuan in the first 12 days of the month, compared to 270 billion in the same period a year ago.

- The big five US banking giants all reported December-quarter results this week. JPMorgan and Goldman Sachs disclosed pretty tepid results. Profits at JPMorgan were hampered by huge legal fees and the bank's total revenue fell 1% to $24.1 billion. Goldman's profits slumped 19% y/y, pulled down by a 15% decline in revenue from bonds, currencies and commodities trading. In contrast, Morgan Stanley's ongoing shift from trading to wealth management is proceeding very well, with revenue up comfortably y/y. Bank of America and Citigroup had very strong quarters, with BoA's profits up five times over last year and Citi's profits double the year-ago figure. Note that the recent sluggishness in housing markets were reflected in bank metrics: BoA's mortgage originations fell 46% y/y.

- The DJIA was volatile this week as several components reported mixed results. General Electric offered an inline fourth-quarter earnings report, with its FY14 outlook left unchanged. The company's profits were up 20% y/y, attributed mostly to big gains at the firm's newly important oil and gas unit. Intel reported Q4 earnings just shy of consensus, and the first quarter revenue guidance was in line. Intel saw strength in the data center, held PC revenue flat and said it saw back-half growth in tablets. American Express shares shot up four percent on Friday, though its headline EPS and sales were a little below target, it pointed to a healthy rise in card member spending.

- On Friday, UPS cut its FY14 guidance, blaming higher costs incurred in deploying resources to deal with a heavier-than-expected holiday shipping surge, including an "unprecedented" level of last-minute online shopping. Recall that just after Christmas, both Amazon and UPS said they would offer refunds to customers who did not receive orders on time. More than one analyst has connected weak physical retail sales with the surging levels of online buying seen this year.

- Shares of Best Buy fell more than 30% this week after the firm disclosed its holiday season comps fell 0.8% y/y. The firm touted its increase in market share, which came via heavy discounting and lower margins. It expects its Q4 operating margin to be 175 to 185 basis points lower than the same period last year.

- Royal Dutch Shell released a severe profit warning late in the week, advising that Q4 earnings would be around $2.2 billion versus $7.3 billion a year ago and full-year earnings would be down almost 40% y/y. The dire outlook was based on upstream earnings down 45% y/y and downstream earnings down 58% y/y. Shell cited weak refining margins in Asia and Europe, high maintenance expenses and a deteriorating security situation in Nigeria.

- The Detroit Auto Show was under way this week, providing a stage for industry names to talk about the upcoming year. GM offered an FY14 outlook that was more or less flat y/y, with North America industry volumes around 16-16.5M units and global industry sales about +2% to above 85M units. Note also that GM said it would resume paying dividends - set at $0.30/share for a 3.0% yield - for the first time in five years. Major auto parts names American Axle and Magna International offered in-line forecasts for FY14.

- FX trading saw the greenback bounce back from the lows prompted by last week's disappointing US December jobs report. After Friday's big dollar sell-off, Fed speakers, commentators and analysts were virtually unanimous in asserting that the poor December jobs data was a one-off and would not interrupt the Fed's plans to continue tapering QE asset buys. USD/JPY dropped briefly below 102.90 earlier in the week and then crept higher to briefly pop above 104.90, where the pair had been before the jobs report. EUR/USD had reached for 1.3700 after the jobs report last week, but by Friday the pair was looking to test 1.3500. After a brief respite from the jobs data, emerging market currencies were right back to getting hammered as the dollar strengthened.

TradeTheNews