March 24 2014

Nice way to start the week, with 1:3 opening trade (short EBAY), and many more winners throughout the day. MCD, WMT, YHOO, VXX etc.

01[13:44] {@Threei}  ant_trade, what are you doing here?

Session Time: Mon Mar 24 00:00:00 2014

01[09:08] {@Threei}  (US) Feb Chicago Fed National Activity Index: +0.14 v +0.10e

[09:15] {dino} .

[09:16] {cosmo} good point dino

01[09:16] {@Threei}  morning guys

[09:17] {fish_49} gm all

01[09:18] {@Threei}  fish :)

[09:21] {RonS} hello gents

01[09:21] {@Threei}  ron :)

[09:23] {mojo1} gm all

01[09:23] {@Threei}  mojo

[09:26] {ese} morning

01[09:26] {@Threei}  ese

01[09:26] {@Threei}  C is interesting so far, for .35 break

[09:27] {ese} spring break over.......f.irst day back at school

[09:27] {RonS} the beat goes on, eh ese?

01[09:27] {@Threei}  you are very happy, I bet

[09:28] {munky} morn

[09:28] {ese} would rather be spending it with you all for sure......but the kids in my program are great

[09:29] {ese} ron munky

01[09:29] {@Threei}  munky

[09:29] {ese} yup the beat goes on ron

[09:30] {cosmo} yea...the famous 4/4 beat...

[09:30] {goinshort} morning all !!!

01[09:30] {@Threei}  gs :)

01[09:30] {@Threei} Long Setup:  C  .30 break

01[09:30] {@Threei}  If holds  .20 

01[09:31] {@Threei}  Invalidated  

01[09:31] {@Threei} Short Setup: EBAY  .40 break hl

01[09:31] {@Threei}  If holds  .50 

01[09:33] {@Threei}  1:1  

01[09:33] {@Threei}  1:2  

[09:33] {thomcbell} hlf looks like 53 long break

[09:34] {thomcbell} with 0.50 cent wide 

01[09:35] {@Threei}  1:3  

01[09:35] {@Threei}  out

[09:35] {fish_49} ty  good call

01[09:35] {@Threei}  yw

[09:35] {goinshort} thanks V !!

01[09:35] {@Threei}  :)

01[09:36] {@Threei} Long Setup:  EBAY  .10 break hl

01[09:36] {@Threei}  If holds  57 

[09:37] {RonS} naz dive

01[09:37] {@Threei}  change to .05 break

01[09:37] {@Threei}  If holds  .95 

01[09:37] {@Threei}  hl still

01[09:38] {@Threei}  nope

[09:38] {fish_49} it will go

[09:38] {fish_49} just not right now  lol

[09:39] {dino} fri swing, out geos 65.75, +3.75

01[09:39] {@Threei} Long Setup:  C  .30 break

01[09:40] {@Threei}  If holds  .20 

[09:40] {dptl} good morning

01[09:40] {@Threei}  dp

01[09:44] {@Threei}  *(US) MAR PRELIMINARY MARKIT PMI MANUFACTURING: 55.5 V 56.5E

01[09:44] {@Threei}  ok C, let's go

[09:45] {fish_49} If C goes to 1:4  I won't include them when I file Bankruptcy

01[09:46] {@Threei}  no go

[09:46] {fish_49} C Sucks

[09:46] {fish_49} lol

[09:46] {fish_49} wmt?

01[09:47] {@Threei}  not yet

[09:47] {dino} bio blood bath again

01[09:47] {@Threei}  watching it for a while, uncertain

01[09:53] {@Threei} Long Setup:  IWM  .40 break hl

01[09:53] {@Threei}  If holds  .30 

[09:53] {ese} ddddddddddddddddddddppppppppppppppppppp!!!!!!!!!!!!!!!111

[09:53] {dino} lci smr l .99, hooker type

[09:55] {dino} gild smr l .97

01[09:56] {@Threei}  stop to .34

01[09:56] {@Threei}  half out

01[09:57] {@Threei}  stop to .39

[09:58] {dptl} ese :)

[09:59] {nemo} tight frickin' market

[10:00] {munky} feels weak

[10:00] {munky} stromnger to downside

01[10:03] {@Threei} Long Setup:  WMT  .20 break

01[10:03] {@Threei}  If holds  .10 

[10:03] {dino} lci stop -.35

01[10:05] {@Threei}  no news for this market slide

01[10:06] {@Threei}  feels like genuine fear of something ahead

[10:06] {RonS} other than the Russian Army massing on the Ukraine border?

01[10:07] {@Threei}  who knows

01[10:07] {@Threei}  maybe that

01[10:07] {@Threei}  maybe something else

[10:08] {RonS} airliner teleported to spaceship?

[10:08] {RonS} ese goes back to school?

01[10:08] {@Threei}  tensions are very high over there, rallies demanding referendum and cessation in Donets and Khariv, with people killed

01[10:09] {@Threei}  Donetsk

01[10:09] {@Threei}  stop .19

01[10:11] {@Threei}  out balance on a trail

[10:12] {fish_49} FB dying today

[10:13] {RonS} NSA gonna kill them over Zuck criticism?

01[10:14] {@Threei}  lol

[10:14] {fish_49} yea  Big Brother Always wins

01[10:14] {@Threei} Long Setup:  JPM  .80 break

01[10:14] {@Threei}  If holds  .70 

[10:15] {dino} lci reload ave smr l .25

[10:15] {dino} wide

[10:16] {ese} in

01[10:17] {@Threei}  SPY looks ready for a bounce finally

01[10:20] {@Threei} Long Setup:  IWM  .45 break hl

01[10:20] {@Threei}  If holds  .35 

[10:21] {dino} out gild .37, +.40

01[10:21] {@Threei}  1:1  

01[10:21] {@Threei}  JPM

[10:22] {ese} jpm ½ +.15

[10:22] {RonS} took +.20 JPM  thanks 3i

01[10:22] {@Threei}  1:2  

01[10:22] {@Threei}  yw

[10:22] {ese} tks from me as well

[10:22] {ese} full .99 +.19

[10:23] {dino} gj guys

[10:23] {RonS} entered jpm at .78 after .80 break...

01[10:23] {@Threei}  1:1  IWM 

[10:24] {RonS} unreal tick is positive and has not been bad all morning...

01[10:25] {@Threei}  out last 1/4 on a trail

[10:25] {fish_49} ty

[10:26] {dino} markets feel heavy

01[10:27] {@Threei}  feels like controlled fear of sorts

[10:27] {fish_49} markets need to go to Houston

01[10:27] {@Threei}  "I want out but orderly, not in panic"

[10:28] {RonS} ?

[10:28] {fish_49} that is where all the Heavies go to get that special surgery

[10:29] {fish_49} you never watch that show Ron?  600 pound beauties?

[10:29] {ese} egggzatilly.........ya ya ya .....wait.....no no .........ya don't ;panic....................phew

[10:29] {RonS} why show? just go to Walmart...

[10:29] {fish_49} lol

[10:31] {fish_49} no longer orderly

[10:33] {dino} bib smr l .15data gap fill early feb

[10:33] {dino} bib cx

01[10:33] {@Threei} Long Setup:  FB  .60 break hl

01[10:34] {@Threei}  If holds  .50 

01[10:34] {@Threei}  change to .55 break

01[10:34] {@Threei}  too fast

01[10:35] {@Threei}  if took .60, 1:1

[10:40] {munky} u got read WMT vad?

01[10:40] {@Threei}  would get interested on pullback onder .25

[10:41] {dino} bib smr l .15 gappy

01[10:44] {@Threei} Long Setup:  EBAY  .50 break hl/l wmt .25 break

01[10:44] {@Threei}  grr

01[10:44] {@Threei} Long Setup:  WMT  .25 break

01[10:45] {@Threei}  If holds  .20 

[10:45] {fish_49} missed

01[10:45] {@Threei} Long Setup:  EBAY  .50 break hl

01[10:46] {@Threei}  If holds  .40 

01[10:47] {@Threei}  1:1  WMT 

01[10:47] {@Threei}  change EBAY to .40 break

[10:49] {dino} bib stop

[10:49] {dino} taking a break

01[10:49] {@Threei}  Invalidated  

[10:59] {fish_49} The plane was found in the Indian Ocean

01[11:00] {@Threei} Short Setup: MCD  .50 break

01[11:00] {@Threei}  If holds  .60 

01[11:01] {@Threei}  1:1  

[11:15] {RonS} .

01[11:16] {@Threei} Long Setup:  EBAY  .45 break hl

01[11:16] {@Threei}  If holds  .35 

01[11:21] {@Threei}  Russia announced on Monday that it was barring 13 Canadian officials, lawmakers and public figures from the country in retaliation for sanctions imposed by Canada over Russia's annexation of Crimea.

01[11:21] {@Threei}  Harper won't be able to have his kids educated in Kaluga??

[11:22] {fish_49} he can buy cheap booze in the duty free shop on the way home

01[11:22] {@Threei}  stop to .46 MCD

01[11:23] {@Threei}  do these three look like a happy bunch? http://www.kyivpost.com/content/ukraine/many-questions-remain-in-ukraines-military-retreat-from-russian-claimed-crimea-340649.html

01[11:26] {@Threei}  1/4 more out MCD

01[11:26] {@Threei}  stop to .41

01[11:30] {@Threei}  no go EBAY

01[11:35] {@Threei}  closed last piece MCD

01[11:44] {@Threei}  (RU) President Obama recommends expulsion of Russia from G8

[11:45] {fish_49} who will vote?

01[11:45] {@Threei}  asked Puting racking up his rifle?

[12:26] {dino} .

[12:35] {RonS} scty flameout

[12:36] {dino} partial out enta .03, +1.88

[12:37] {fish_49} nice

[12:37] {dino} out remainder

[12:37] {munky} i think market tanks into bell today down 300 +

[12:37] {dino} ty, needed that

[12:37] {dino} last time you said that it did

[12:38] {munky} just now power in any bounce attempts

[12:38] {munky} was panicy this morn

[12:48] {dino} just feels off, if you know what i mean

[12:49] {munky} not off, terrific downward pressure, if we were short most of morning be grinning

[12:50] {munky} but the ole BTFD was crap today

[12:50] {munky} still is so far

[12:50] {fish_49} The STFR Munky

[12:51] {fish_49} then*

[12:54] {RonS} gmcr crush

[12:55] {dino} not really munky, the bio btfd worked, just had to find bottoms

[12:55] {dino} look, gild, bib, enta, lci

[12:56] {munky} WMT was a superstar

[12:56] {munky} again

[12:56] {munky} and vxx

[12:56] {dino} data interesting, another gap 75.41

01[12:58] {@Threei} Short Setup: EBAY  .20 break

[13:01] {RonS} bwld broken wing bounce

[13:01] {dino} mojo, you see geos?

01[13:02] {@Threei}  GEOS Seafloor Geophyisical says planning to raise the needed equity during this summer and will take delivery from Geospace after that funding is in place

[13:03] {dino} rode it from fri close to close 62 until this a.m., 65.75. mojo and i were discussing it

[13:03] {munky} yup remember that

[13:04] {mojo1} how'd u make out

[13:04] {munky} and vad and i werre talking about wmt

[13:05] {dino} took 3.75 out of it

[13:05] {mojo1} gj

[13:05] {dino} damn missed data

01[13:13] {Threei}  Invalidated  

[13:30] {RonS} adbe sm l .87 s/l lod

01[13:31] {Threei} Long Setup:  WMT  .65 break

01[13:31] {Threei}  If holds  .60 

[13:35] {munky} u got any target? .90 area?

[13:35] {munky} over 77?

01[13:35] {Threei}  no idea

01[13:36] {Threei}  just riding it

01[13:36] {Threei}  1:1  

[13:43] {nathan} hi all!

[13:43] {munky} hi nat

01[13:43] {Threei}  hey nathan

[13:43] {fish_49} Good Day Nathan

[13:44] {nathan} is everything better than friday

01[13:44] {Threei}  pretty good

[13:44] {munky} sell from hell this morn

[13:44] {nathan} good to know

[13:44] {fish_49} If WMT goes to 1:7  I will buy all my Christmas gifts at wally world  next Christmas

01[13:46] {Threei}  .80 is main treshold now

[13:47] {RonS} adbe to b/e

[13:52] {RonS} adbe to .00

01[13:55] {Threei}  nice C&H WMT

[13:55] {dino} gj

01[13:55] {Threei}  let's break

[14:02] {RonS} adbe to .10

[14:07] {RonS} out adbe 65.18 +.31

[14:07] {fish_49} nice

01[14:07] {Threei}  wtg

[14:08] {dino} gj

01[14:10] {Threei} Short Setup: EBAY  .60 break

01[14:11] {Threei}  If holds  .70 

01[14:12] {Threei}  with trail to .66 after losing .55

01[14:16] {Threei}  trail

[14:16] {munky} vad any read vxx?

[14:16] {munky} nemo, u got a read on vxx ?

01[14:17] {Threei}  pullback ro .80 would get me interested

01[14:17] {Threei}  1:1  

01[14:19] {Threei}  closed WMT balance on a trail

[14:20] {fish_49} same here  I heard Click Click while taking a restroom break  lol

[14:26] {fish_49} out Ebay on Trail  ty

01[14:26] {Threei}  yw

01[14:28] {Threei} Long Setup:  VXX  .70 break hl

01[14:28] {Threei}  If holds  .60 

01[14:31] {Threei}  trail to .64

01[14:31] {Threei}  1:1  

[14:39] {dino} hum-dee-dum

[14:40] {fish_49} out on trail  ty

01[14:40] {Threei}  yw

[14:49] {nathan} my worst day in a long day

01[14:49] {Threei}  ?

[14:49] {nathan} i f**** it up  in every trade

01[14:49] {Threei}  how?

[14:50] {nemo} he got out of bed

[14:50] {nathan} following my belives not the market

01[14:50] {Threei}  every trade since you connected was a small but winner

[14:50] {dino} nemo kicking them when they are down

[14:50] {nathan} yeah i follow mine today and..

01[14:50] {Threei}  trade what you see, not what you think

[14:50] {nemo} love tap dino

[14:50] {nathan} overtrade and revenge trading

[14:50] {nathan} sucks

[14:51] {nemo} I haven't been able to read diddly squat today

[14:51] {nathan} you're right vad, but...

01[14:51] {Threei}  nathan... if I may chime in with suggestion...

01[14:52] {Threei}  I see this sometimes, in different variations:

[14:53] {nathan} yes pls go ahead

[14:53] {nemo} indexes look short here, but question is do they drop vwap

01[14:53] {Threei}  people join our room, and trade whatever they think is right, as if the very fact of being in the room should make them profitable

[14:53] {fish_49} Nemo cant read squat today?  and how is that different from any other day?  I bet Nemo Squats  to pee

[14:53] {nemo} oh fish

[14:53] {RonS} oof

[14:53] {nemo} I'm so fragile

01[14:53] {Threei}  it's not enough to be here, also got to trade with us

[14:53] {nemo} questioning my nemohood

[14:54] {fish_49} lol

[14:54] {RonS} lol...classic

[14:54] {fish_49} Love you brother

[14:54] {nemo} yeah, like Cain loved Abel

[14:54] {dino} haven't had a trade since 1:00ish, not seeing anything

[14:55] {nathan} yep but the fact is that today I made old mistakes i thought i they were overcome

01[14:55] {Threei}  if you don't feel that our trades are in tune with your vision, back off and paper trade them until you get comfortable with our read, your own read or some combination of both,

01[14:55] {Threei}  but take advantage of being here

[14:55] {nemo} may I interject...

[14:56] {nathan} thanks Vad

01[14:56] {Threei}  and on making olf mistakes, let's do this

01[14:56] {Threei}  any trade shough be based on a certain setup

01[14:56] {Threei}  not on your idea of where the market should go.

01[14:56] {Threei}  So, grab a Post-It,

01[14:56] {Threei}  write on it in big red letters:

01[14:57] {Threei}  "IS THERE SETUP FOR THIS TRADE???"

01[14:57] {Threei}  slap it on your monitor,

[14:57] {nathan} i'm doing it right now

01[14:57] {Threei}  and look at it every time before clicking that buy button

01[14:57] {Threei}  if not, slowly back off

[14:57] {nemo} and then ask yourself one more question..."Am I taking this call because it's a valid setup, or is an emotion driving me?"

[14:57] {dino} good advice. my rules are posted on the wall

01[14:58] {Threei}  and if this doesn't work, here is stronger version

01[14:58] {Threei}  take a summary of the month when you traded what you thought and not the setups,

01[14:58] {Threei}  write the total of your loss on another Post-Ot,

[14:58] {nathan} I got plenty examples of it

01[14:59] {Threei}  with comment: PRICE OF MY STUPIDITY: $XXX

01[14:59] {Threei}  and again, look at it every time

[14:59] {nemo} nathan...you can also just ask opinions here as a gauge

01[14:59] {Threei}  and ask yourself whether this trade is going to contribute to that stupidity fudn

01[14:59] {Threei}  it's rude, and it works

01[15:00] {Threei}  because it's brutrally honest

[15:00] {nemo} I was dcc'ing with Vad this morning:  [10:52] {nemo} shitty reads here for me

[15:00] {nemo} [10:53] {Threei} yeah, jelly

[15:00] {nemo} [12:24] {nemo} now we've been flat since 11

[15:00] {nemo} [12:24] {Threei} and I ceased the calls

[15:00] {nathan} thanks a lot for your contributions, believe me i'll do so

[15:00] {dino} gnca spike

[15:01] {nemo} [14:11] {nemo} kinda' like shoving barbed wire up your @%#$

[15:01] {nemo} [14:11] {Threei} ouch

[15:01] {nemo} [14:11] {Threei} don't

[15:01] {nemo} [14:11] {Threei} I havbe vivid imagination

[15:01] {nemo} [14:24] {nemo} find myself forcing

[15:02] {RonS} nathan, if all that fails, buy a cat-o-nine tails...play this :  http://www.youtube.com/watch?v=IIEVqFB4WUo  ...and get to it...

[15:02] {nemo} wuss...by a scourge

[15:02] {nemo} buy

[15:03] {nathan} what's this band???

[15:03] {RonS} we are devo d e v o...

[15:03] {nemo} lat 70's

[15:03] {nemo} guitar player just died

[15:03] {dino} nathan, sometimes for me, best thing is to walk away for an hour. take the dog for walk. clear your head. then come back, its as new day has started

[15:03] {nemo} late 70's

[15:04] {dino} i took an hour break today, first couple trades went wrong

[15:04] {RonS} nus nuked

[15:05] {RonS} guessing newman showed up...

[15:05] {dino} nus, i don't know how to trade it, too much headline risk for me

[15:05] {nathan} thanks dino

[15:06] {dino} np, we all have those kind of dats

[15:06] {RonS} ergo nus as in noose...

[15:06] {nemo} could be worse, could be Les, he has that kind of life

[15:06] {nemo} yeah right

[15:06] {dino} kdats=days

[15:06] {nemo} living in Switzerland

[15:06] {nemo} sheesh

[15:06] {dino} lol, dats=days

[15:07] {nemo} dinospeak

[15:07] {dino} need to look at keyboard more when typing

[15:07] {nemo} dinoero

[15:07] {nathan} lol

06[15:07] * nemo pats himself on the back

06[15:08] * nemo thinks, "I'm quite witty."

01[15:08] {Threei}  careful

01[15:08] {Threei}  that's how shoulders get dislocated

01[15:08] {Threei}  ask me how I know

[15:09] {nemo} yeah, did that once on the rings in the middle of an iron cross

[15:09] {nemo} "pop!"

[15:09] {nemo} by the time I hit the ground it had popped back in

[15:11] {nemo} think I consumed a fair amount of liquid pain killer that night

[15:12] {dino} if you can't remember, then yes you did

[15:12] {nemo} it was 35 years ago

[15:12] {RonS} TMI...nemo as a spinner...that picture several years ago, you looked too big...

[15:13] {nemo} huh?

[15:13] {RonS} neighbor or someone with a buck...

[15:13] {nemo} mmmhhhh...nope I'm all of 5' 6"

[15:13] {fish_49} truth be said, it was an injury in the McDonalds Play Land Room

[15:14] {nemo} yeah, was trying to pick up a date

[15:14] {RonS} wow, explains a lot...Napolean complex and all...

[15:14] {dino} lol

[15:14] {RonS} Napoleon

[15:14] {nemo} nah, homicidal, not Napoleon

[15:14] {nemo} just leave bunny out of this

[15:15] {nemo} although....

[15:15] {nemo} helping souls transition is, in the words of Lloyd Blankfein, "doing God's work..."

[15:15] {nathan} take care guys

[15:16] {fish_49} have a good one Nathan

[15:16] {nathan} hope to see you tomorrow

[15:16] {nemo} go have a pitcher of sangria

[15:16] {nemo} or three

[15:16] {nathan} jajaja

[15:16] {nathan} did u taste it?

[15:16] {nemo} of course

[15:16] {nemo} lots of it

[15:16] {nemo} also made the mistake of drinking the water

[15:16] {nathan} until yo got drunk

[15:16] {nemo} oops

[15:17] {nathan} lol

[15:17] {nemo} that was 30 years ago

[15:17] {nemo} I was on the Costa Brava, and then in Barcelona

[15:17] {nathan} really?

[15:17] {nemo} yes...even went to a bullfight

[15:18] {fish_49} did you wath the bulls run the streets?

[15:18] {nemo} lotta' jelly fish down there

[15:18] {nathan} like the good tourists!

[15:18] {nemo} no...wasn't in Pamplona

[15:18] {nemo} I'm insane, not stupid

[15:18] {nemo} there is a difference

[15:18] {munky} lex luther was a genius but insane

[15:18] {nathan} lol

[15:19] {nemo} yeah a bullhorn suppository was not high on my agenda

[15:20] {fish_49} but a Bull named Bob was?

[15:20] {nemo} come to think of it though, did see a matador get launched over the wall

[15:20] {nemo} weak fish

[15:20] {fish_49} yea weakfish is a cousin of mine

[15:20] {fish_49} Sea Trout

[15:20] {nemo} saw that coming

[15:20] {dino} gn nathan

[15:21] {nemo} Can't see any self-respecting trout having anything to do with you

[15:21] {fish_49} damn  I don't have a come back for that one Toad ...  Good one

[15:22] {nemo} Reminds me...watched "A River Runs Through It" again this weekend

[15:23] {munky} luv that movie

[15:23] {RonS} have seen the Madison from Ennis Mt to Bozeman, great river...

[15:23] {nemo} yeah, they really got fly fishing right

[15:24] {RonS} went up there over July 4th and it freakin snowed...unreal

[15:25] {nemo} @DougKass Today's lesson: "Never chase an irrational tape" -Stanley Shopkorn

[15:25] {fish_49} snow in July would be unrel

[15:25] {fish_49} unreal

[15:25] {nemo} unless you're in South America

[15:25] {fish_49} we are supposed to get some more snow tomorrow  it's killing me

06[15:26] * nemo thinks, "We can only hope."

[15:26] {fish_49} man  Nemo is back from the dead

[15:27] {nemo} nothing really happening...nothing worse than a bored nemo

[15:27] {RonS} "I love to chase an irrational tape"  Jimmy Shopkorn (and I don't care)

[15:27] {nemo} ROTFLMAO!

[15:28] {RonS} thinkin 3i thinking, wtf?

[15:28] {nemo} yeah, he wonders why he keeps this place open

[15:30] {fish_49} DOW back in the green

01[15:31] {Threei}  G7 leaders agree to hold summit in Brussels in June instead of attending the G8 hosted by Russia in Sochi - financial press citing France diplomatic source **Note: G7 leaders are meeting at a Nuclear Summit from Mar 24-25th at the Hague; the summit is also discussing the situation in Ukraine

[15:33] {RonS} so, 3i do the Ukrainians have any willingness or capability to fight the Russians?

01[15:34] {Threei}  in open batle, capable of causing damage, way beyond what Gerogians could do, but in all-out will lose ultimately

[15:35] {RonS} tick +1200

[15:36] {fish_49} But the Russian AirForce now has one less Mig 23.  They have to send one to Syria to replace the one shot down last night

01[15:36] {Threei}  I really doubt though that open battle in the steppes is what Putin has in mind

01[15:36] {Threei} Short Setup: EBAY  .65 break hl

01[15:37] {Threei}  If holds  .75 

[15:43] {nemo} vxx might be long here

[15:43] {thomcbell} 44.34 long break 

[15:44] {nemo} or .35 but looks like indexes advancing

[15:49] {nemo} interesting, indexes coming in a bit, but vxx not moving...

01[15:50] {Threei}  1:1  

[15:50] {nemo} there, makes a liar out of me

[15:50] {nemo} well I was that before

[15:53] {dino} calling it a day, gn all

[15:53] {goinshort} see ya all -thanks !!!

01[15:56] {Threei}  closed EBAY

[15:56] {fish_49} same

[15:56] {fish_49} ty

01[15:56] {Threei}  thank you all, have a good evening

01[15:56] {Threei}  see you tomorrow

[15:56] {fish_49} have a great night

[15:56] {dptl} gn

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Janet Yellen's World

- This was the week that Janet Yellen put her stamp on global markets. The Fed tapered again in Wednesday's rate decision and dropped its 6.5% unemployment threshold, surprising nobody. But during the post-decision press conference, Yellen suggested the Fed would consider hiking rates as soon as six months after the end of QE3. Under a strict interpretation, if asset purchases end in November of this year as expected, rate hikes would arrive in the second quarter of 2015. Global markets were very choppy in the remainder of the week as participants recalibrated positions and worked out the implications of Yellen's verbal guidance. In other news, Russia absorbed Crimea and incurred retaliatory sanctions from the US and EU. In China, the PBoC widened the daily yuan trading band to 2% from 1% and appeared to continue its campaign to halt hot money inflows. The impact of data reports was pretty muted overall. For the week, the DJIA gained 1.4%, the Nasdaq rose 0.7%, and the S&P500 added 1.3%, touching a fresh record level on Friday before retreating from highs.

- In the statement accompanying Wednesday's rate decision, the FOMC formally dropped the 6.5% unemployment threshold. In its place, the FOMC said that in determining how long to maintain ultra-low rates, assessment of progress "will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial developments." Many observers seemed to believe that Yellen's six-month comment was a slip of the tongue and was not intended to reshape forward guidance, especially after the Fed just dropped its quantitative unemployment threshold. Moreover, Yellen was emphatic that markets should not make strict interpretations and reiterated what all of her colleagues and former chair Bernanke have repeated again and again: the first rate hike is highly data-dependent and will reflect a "balanced judgment" about prospects both for labor market slack and inflation pressure.

- Minneapolis Fed President Kocherlakota was the sole dissenter to the FOMC decision. Kocherlakota has tended toward the dovish end of the spectrum and his dissent was rooted in concerns about the labor market. He warned that the new guidance weakened the Fed's commitment to its 2% inflation target and does not provide any information on the speed at which the Fed wants to reach full employment. St. Louis Fed President Bullard said that Yellen's comments on the timing of rate hikes was not a change in policy and was simply referring to market expectations about what was meant by a "considerable period."

- US bond traders reacted to the Fed statement swiftly by aggressively selling the middle and short end of the US curve. Ultimately the Fed offered up very little in the way of new information regardless, expectations have crept in for a little tighter policy next year; 2015 fed fund futures are now fully pricing in at least a 50 basis point rise in rates to begin by mid-summer. Previously traders had seen a greater likelihood of only 25 basis point hike to come sometime in the middle part of the second half. The 5-year/30-year spread has compressed to its flattest level since the summer of 2012. For the week the rate on the 30-year has climbed only marginally and the 10-year continues to hold near 2.75%, backing up a modest 10 basis points, while the 5-year is up some 20 basis points. Supply looms next week: $96B in 2-, 5- and 7-year notes could be challenging and keep pressure on the belly of the curve. Note that spot gold sank in the second half of the week, giving up 3.5% after the FOMC decision.

- The Fed released the first component - stress test results - of its Comprehensive Capital Analysis and Review (CCAR) this week. Twenty nine of 30 banks passed the severely adverse scenario, which included a 4% jump in the unemployment rate, 4.75% negative GDP growth, a 50% decline in equity prices and a 25% decline in real estate prices. Zions Bancorp was the only institution that would not remain well-capitalized with Tier 1 common equity ratios of at least 5.0% under the stress scenario. The second component of CCAR, including the Fed's evaluation of each firm's capital plans, dividends and buybacks, will be disclosed Wednesday, March 26. Thanks to CCAR and higher rate expectations, both regional and tier-one banks saw robust gains this week, with the exception of Zions, whose shares lost nearly 5% on Friday.

- Russia formally absorbed Crimea this week, drawing US sanctions against various high-level Russian officials and a few selected institutions, most notably Bank Rossiya, a key firm used by the Putin regime and Geneva-based Gunvor, the world's No. 4 oil trading company. The European Union discussed possible sanction options but has taken little concrete action against Russia besides freezing military ties and sanctioning a few individuals. The EU also signed the political sections of the association agreement with Ukraine. Both S&P and Fitch have cut their sovereign outlooks on Russia to negative.

- FedEx missed earnings and revenue expectations in its third quarter report, and like so many firms before it blamed the weather. FedEx's CEO stated that "historically severe winter weather significantly affected our third quarter earnings. On days when the weather was closer to normal seasonal conditions, our volumes were solid and service levels were high." Nike reported very good third quarter results, but made troubling comments during its conference call, warning that FX headwinds would continue to reduce EPS in Q4 and into 2015, and would reduce FY15 earnings. Oracle missed top- and bottom-line expectations slightly in its third quarter and its fourth quarter outlook was also a bit soft. Analysts highlight the firm's high spending levels to catch up with a horde of cloud computing rivals.

- Ahead of March quarter earnings season, AK Steel and Nucor both offered their customary pre-earnings guidance statement. Both firms warned that EPS would be well below expectations, citing extreme weather that has disrupted customer demand. AK also cited a planned blast furnace outage and legal settlement charges.

- EUR/USD made a few last stabs at 1.3950 early this week before the FOMC decision reversed sentiment and strengthened the greenback. The pair hit two-week lows around 1.3750 on Thursday. The yen weakened in a more restrained fashion after the FOMC, rising from 101.60 to around 102.60 before strengthening a bit through week's end.

- The Chinese Yuan has now given back all of its 2013 gains as the PBoC lets the currency weaken further to curb hot money inflows. Last weekend, the PBoC widened its daily yuan trading band from 1% to 2%. USD/CNY spent most of the week above 6.20, raising concerns about a specialized financial product, originally used to hedge foreign exchange risk, called a trade redemption forward contract (RFC). The contract pays investors if the yuan remains strong and will start costing dearly as USD/CNY weakens past 6.20. In a report out recently, Morgan Stanley wrote there had been $350 billion RFCs sold since the beginning of 2013 and $150 billion might still be outstanding.

- Japan announced another trade deficit which was wider than expected but still smaller than the past three months on adjusted basis. Both exports and imports were up in high-single digits, for a 12th and 16th consecutive rise, respectively. Trade components also showed some improvement, with double-digit y/y exports increase to Asia, China, and Europe as well as a 6.4% drop in the bill for crude oil imports.

TradeTheNews

March 21 2014

Mixed day - calls were good, with several 1:3ers making it solidly profitable, and with tech glitch issues with clearing house that left many without a chance to utilize those calls. Oh well, the technology is not perfect.

Session Time: Fri Mar 21 00:00:00 2014
[09:01] {goinshort} morning guys !!
[09:01] {fish_49} GMGS
01[09:01] {@Threei}  gs, fish :)
[09:06] {nemo} http://goo.gl/4vsfhK
01[09:06] {@Threei}  (RU) Russia Fin Min Siluanov: Russia may refrain from any foreign borrowing in 2014, reduce domestic borrowing as well- Sanctions could increase Russian borrowing costs
01[09:06] {@Threei}  EU) EU's Van Rompuy: EU Govts have now discussed methods to bring down energy dependence- new methods include diversifying its sources and lowering consumption
01[09:06] {@Threei}  of both succeed, that could really hurt
01[09:06] {@Threei}  if
01[09:09] {@Threei}  BlackBerry To Sell Majority of Real Estate Holdings in Canada
[09:15] {RonS} gm...Kramer in the house?
01[09:16] {@Threei}  ron:)
[09:17] {RonS} banks running
[09:17] {fish_49} even Zion?
[09:19] {fish_49} I think ZION was the only major that didn't cut the mustard
[09:19] {RonS} penultimate understatement on stocktwits:  "ecyt looking great PM"
[09:22] {nathan} good morning!
01[09:22] {@Threei}  nathan :)
[09:23] {nathan} I really enjoyed the last 20min of the yesterday chat
[09:23] {nathan} thanks dino for the 12 rules
[09:23] {nathan} i see myself reflected on each
[09:23] {nathan} ;-)
[09:26] {ese} morning
01[09:26] {@Threei}  ese :)
[09:27] {ese} morning vad
[09:27] {ese} have you heard from any of your friends in the Ukraine
01[09:27] {@Threei}  yes... speaking over skype often
[09:27] {ese} everyones ok?
01[09:28] {@Threei}  very worried
[09:28] {munky} morn
01[09:28] {@Threei}  for many reasons
01[09:28] {@Threei}  extemely unstable situation
01[09:28] {@Threei}  munky :)
[09:28] {ese} munky
[09:28] {ese} opening.....talk in a bit
[09:28] {munky} news gm
01[09:29] {@Threei}  btw, today is international poetry day
01[09:29] {@Threei}  thought you'd like to know
[09:29] {ese} thats nice to know....love poetry
[09:29] {ese} and were off
[09:30] {RonS} classic
[09:31] {dino} ugh! damn gap up opens
[09:31] {nemo} bank tests
[09:33] {RonS} wow dtv block trade 956k
01[09:33] {@Threei} Long Setup:  C  .60 break hl
01[09:33] {@Threei}  If holds  .50
01[09:35] {@Threei}  1:1
[09:35] {fish_49} no buying power error again
[09:36] {nathan} 1:1
[09:36] {nathan} ty vad
01[09:36] {@Threei}  yw
[09:38] {fish_49} Nat using DAS?
[09:38] {nathan} yes
[09:38] {nathan} i got same error
[09:39] {nathan} as u
[09:39] {nathan} quite weird
[09:39] {nathan} it send the order the at the second time
01[09:41] {@Threei} Short Setup: C  .50 break hl
01[09:41] {@Threei}  If holds  .60
[09:43] {RonS} nke tripped
[09:48] {dino} enta smr l .12, hooker
[09:48] {dino} symc smr l .45
[09:48] {dino} oh no, only 9 filled enta, damn
01[09:49] {@Threei}  9 shares?
[09:49] {dino} yeah, that sucked
[09:49] {nathan} dino take a look in GILD
01[09:49] {@Threei}  C stop to .56
[09:49] {dino} will wait on it, see if it comes back, gapping all over
[09:50] {dino} ok nat
[09:50] {dino} icld interesting
01[09:50] {@Threei}  'l ebay .40 break
01[09:50] {@Threei} Long Setup:  EBAY  .40 break
01[09:50] {@Threei}  If holds  .30
01[09:52] {@Threei}  no go
01[09:55] {@Threei} Short Setup: FB  .40 break
01[09:55] {@Threei}  If holds  .50
01[09:57] {@Threei}  1:1
01[09:57] {@Threei}  1:2
01[09:57] {@Threei}  1:3
[09:57] {nathan} fish
01[09:57] {@Threei}  out
[09:57] {nathan} it happened again
[09:57] {fish_49} yea  it happens on the winners
[09:57] {dino} ok enta filled
[09:58] {nathan} yes
[09:58] {goinshort} nice V !!!
[09:58] {fish_49} I'm sitting on my hands   starting to think it's a conspiracy
[09:58] {nathan} you pay de stops and othes make money ;-)
[09:59] {munky} twice now das rejected my order attempts, a glitch going on somewhere'
[09:59] {dino} gild smr l .21
[09:59] {fish_49} It only happens on the winners  Munk
[09:59] {fish_49} Munky
[10:00] {nemo} yeah, even though it says I have buying power I have none
[10:00] {munky} fish, actually both were the winners, fb and c
[10:00] {munky} couldnt get in
[10:01] {dino} out gild .61, +.40, thx nathan
[10:01] {nathan} yw
[10:01] {nathan} share with me half lot
[10:02] {nathan} lol
[10:02] {dino} lol
[10:02] {dino} witing at .01
[10:02] {dino} waiting
[10:03] {nemo} looks like some of the short indicators are off
01[10:03] {@Threei}  (RU) Russia Govt: Will respond harshly to the newly imposed sanctions; sanctions from the US will not serve American interests
01[10:04] {@Threei}  russian-speaking internet is full of mockery, along the lone: Obama is banned from smoking on my porch, petting my cat etc
01[10:04] {@Threei}  line
[10:04] {dino} in gild .01
[10:06] {dino} gild stop .70 -.31
[10:06] {nathan} meh
[10:07] {nathan} it took the wrong direction dino
[10:07] {dino} part of the game
[10:07] {nathan} market is allways wirght
[10:07] {dino} break of .00 may be worth shot
[10:08] {nathan} too fast for me
[10:08] {dino} otherwise dead duck
[10:08] {nathan} i can not jump into
[10:08] {thomcbell} data looks like it may be very vulnerable here
01[10:09] {@Threei} Long Setup:  FCX  .60 break
01[10:09] {@Threei}  If holds  .55
[10:10] {thomcbell} fxi 34 break if holding 34.10
[10:11] {munky} f'in a, rejected order AGAIN
[10:11] {munky} gotta call mark
[10:12] {fish_49} yea  it will go  to 1:5  now  I'm sure
[10:12] {nathan} they send a message
[10:12] {nemo} it's also calculating leveraged etfs differently
[10:12] {munky} anyon e elses rejected??
[10:12] {fish_49} Have a good weekend  everyone  this is total craziness
[10:13] {nathan} bye fish
[10:13] {munky} so should we be mad at vad also, even tho hes got nothing to do with das tech
[10:13] {munky} lol
01[10:13] {@Threei}  why not
01[10:13] {@Threei}  that seems to be in vogue
[10:14] {nemo} now I can't buy anything
[10:14] {munky} well, especially with us simians
[10:15] {thomcbell} wow anyone short data
[10:19] {dino} what is it, bio blood bath day?
[10:20] {nathan} SPY for those who can buy
[10:20] {thomcbell} the big winners bio tech - big data - for sale
[10:20] {thomcbell} tsla
[10:20] {thomcbell} scty
[10:21] {dino} enta smr l .50
01[10:21] {@Threei} Long Setup:  YHOO  .85 break
01[10:21] {@Threei}  If holds  .75
[10:21] {nemo} gild looks double bottomish
[10:22] {munky} rejectedFFF
[10:23] {nemo} o.k.  maybe I'll log in later OP EX triple witching and platform issues.
[10:24] {nathan} i'll try to reconnect later
[10:24] {nathan} if not have a nice weekend
[10:24] {dino} gl nat
01[10:24] {@Threei}  sheesh
01[10:24] {@Threei}  how about paper trading?
01[10:24] {@Threei}  practicing?
[10:24] {nathan} is not the same
[10:24] {nathan} no pain no glory
[10:24] {thomcbell} i cancelled fxi
[10:24] {nathan} just kidding
[10:25] {munky} paper trading on a friday? we like u vad, but not that much lol
01[10:25] {@Threei}  stop to .79
[10:25] {nathan} good one munky
[10:26] {dino} v spike
[10:26] {nathan} short BBY break 50
[10:28] {dino} v vsm s .51
[10:28] {dino} 225.51
[10:30] {dino} stop v -.60
[10:30] {dino} taking break, i'm off so far
[10:30] {munky} u drinking already dino?
[10:30] {dino} v rinsed
[10:31] {dino} no munky, but if this continues, may have to
01[10:32] {@Threei}  1:1
[10:32] {nathan} don't u trade with some whisky?
01[10:32] {@Threei}  finally
[10:35] {munky} mark/das says global issues in das, u better be careful vad
[10:35] {munky} i have one position and it wont sell it
[10:35] {nathan} serious?
[10:36] {nathan} can't you cancell munky?
[10:36] {dino} lol nathan, but no drinking while trading
[10:36] {munky} nope
[10:36] {dino} gild smr l .00
[10:36] {munky} gotta call him to liquidate it
[10:37] {nathan} ok
[10:38] {dino} out gild .41, +.41
[10:39] {nathan} trading for revenge dino?
[10:39] {nathan} lol
[10:39] {dino} no
[10:41] {nathan} u still got some more in GILD?
[10:46] {ese} L ej ..89
[10:47] {dino} no, i'm out gild
[10:49] {dino} v sm v s .50
[10:51] {dino} cov v .90, +.60
[10:53] {thomcbell} these beta names getting killed again today
[10:54] {thomcbell} i think this data might work long here
[10:56] {ese} gutsy dino ...nice one
[10:56] {dino} ty
[10:57] {dino} just looking at that tbell
[10:57] {nathan} well mates, have a nice weekend
[10:57] {nathan} c u on monday
[10:57] {dino} cya nat
[10:58] {ese} cya nat
[10:59] {mojo1} dino are u trading in das?
[11:00] {dino} no, was not workng for my style, hooker spreads were messing with it
[11:00] {RonS} symc l .03
[11:01] {dino} w/ya ron, 01
[11:02] {munky} but just today right dino, u trade primarily das everyday?
06[11:02] * munky slaps Threei around a bit with a large trout
[11:05] {dino} not anymore. on streetsmartpro. das was max loss stopping me out because it used bid prices to calculate. i'd have 3 or 4 hookers going, bid would collapse and i would get stopped out on all positions, just did not work for my style. loved the buying power, short availability, and quickness. for those 3 things das is best i've ever used. just not for me. keeping account open for back up
[11:05] {dino} tho
01[11:06] {@Threei}  you ever tried to find out whether stop criteria can be changed to print?
[11:07] {dino} no
[11:07] {mojo1} so what do you like to use for your hookers dino?
[11:08] {dino} streetsmartpro. figure hookers are pro's right?
[11:09] {dino} 3i, don't get me wrong, das is great.
01[11:09] {@Threei}  I know
01[11:09] {@Threei}  I just think it's worth finding out, might resolve the only issue you have with it while keeping all the advantages
[11:10] {dino} when things calm down for me. right now a lot business issues on my plate
01[11:11] {@Threei} Long Setup:  WMT  .50 break
01[11:11] {@Threei}  If holds  .40
01[11:13] {@Threei}  1:1
[11:15] {dino} gj
01[11:15] {@Threei}  ty
[11:15] {fish_49} platform issues resolved?
01[11:16] {@Threei}  yes
[11:20] {RonS} why gild got hit:  http://stks.co/d0M2V
[11:21] {munky} sorry, back
[11:22] {munky} dino, why didnt u raise the mawx loss on acct with das?
01[11:22] {@Threei}  that's not his issue
01[11:22] {@Threei}  he uses automatic stops
[11:22] {munky} and is streetsmart pro schwab?
01[11:23] {@Threei}  they are set to trigger on bid price, not on actual print,
01[11:23] {@Threei}  so spread widening takes him out of position
01[11:23] {@Threei}  if you don't use auto stops, you have no problem
01[11:25] {@Threei}  1:2
[11:25] {fish_49} what trade you in?
01[11:25] {@Threei}  WMT
[11:26] {ese} L some ej avg .78
[11:27] {dino} exactly 3i
[11:28] {dino} yes minkey
[11:28] {dino} munky too
[11:29] {dino} brb
[11:29] {munky} news wmt?
01[11:30] {@Threei}  no
[11:31] {munky} fslr 3 bux up, calm from 10:30
01[11:33] {@Threei}  1:2  YHOO
[11:34] {fish_49} Great
[11:37] {munky} target wmt?
[11:37] {munky} .90 area?
01[11:38] {@Threei}  nearest resistance is 77
01[11:39] {@Threei}  1:3
01[11:42] {@Threei}  1:4
01[11:43] {@Threei}  no read anymore, feel free to close it who is still in
[11:45] {munky} u are reading wmt terrific
[11:46] {munky} and it pains me to compliment u, u know this lol
[11:46] {dino} gild smr l .97
01[11:46] {@Threei}  you think it's pain? try to say "nemo is right"
[11:47] {fish_49} lol  that is painful
[11:47] {dino} wash your mouth with soad
[11:47] {dino} soap
01[11:47] {@Threei}  I breathe deeply for 5 min before typing that, and faint for an hour after
[11:48] {ese} 4 hl's here with ej......one of these days.....ONE OF THESE DAYS.....POW!....right in the kisser
[11:48] {dino} where is nemo?
01[11:48] {@Threei}  asked me to let him know ehn BP is back
[11:49] {munky} what do they use to revive u vad? bacon under your nose instead of smelling salts? proven much more effective
01[11:49] {@Threei}  but I accidentally forgot to
01[11:49] {@Threei}  under my nose, no... gotta let me actually bite it
01[11:50] {@Threei}  also, pouring single malt in my throat works
[11:50] {fish_49} b4 bacon or after?
01[11:50] {@Threei}  why everything should be either/or
01[11:51] {@Threei}  it's "and"
01[11:51] {@Threei}  bacon, whiskey...
[11:51] {dino} that does sound good
01[11:51] {@Threei}  and keep a good cigar nearby
[11:51] {munky} what brand whisdkeyt u preferr?
[11:51] {fish_49} b4 or after is not either or its a matter of time
[11:51] {fish_49} lol
01[11:51] {@Threei}  so it's a first thing I see when open my eyes
[11:51] {thomcbell} splk short setup 86.60 break if holding 86.84 small shares
01[11:52] {@Threei}  Glenlivet does it for me
01[11:52] {@Threei}  12 years old when I feel like hobo... 18 and older when elitist
[11:52] {dino} ron, target thoughts on the symc, thinking .45s
[11:53] {RonS} .24 for me...
[11:53] {dino} or does vwap stop it?
[11:53] {dino} damn gild not working
[11:53] {RonS} out symc +.21 ese size
[11:53] {ese} this will just tick me off if I have to go through another day waiting for ej to come around
[11:53] {ese} nice ron
[11:54] {dino} wtg ron
[11:54] {thomcbell} splk 1:1 and then rip
01[11:54] {@Threei}  good candidate for large shares, ron
01[11:55] {@Threei}  thick, nicely liquid
[11:56] {dino} that a shamrock shake your describing?
[11:56] {RonS} irishman taking a leak?
[11:59] {munky} vad, wmt long here rd duex?
[11:59] {dino} post pop
[12:01] {dino} lfus spike
01[12:01] {@Threei}  no clear setup
[12:02] {thomcbell} mu 23.96 long break - boring but
[12:02] {dino} lfus smr s .80
01[12:03] {@Threei} Short Setup: P  34 break
01[12:03] {@Threei}  If holds  .10
[12:05] {dino} gild pattern 72.65-73.05
[12:10] {fish_49} FB looks weak
01[12:11] {@Threei}  stop to .06
01[12:13] {@Threei}  this has to be the creepiest headline I've read whole week:
01[12:13] {@Threei}  800-year-old monk found poking out of cliff face
[12:13] {dino} gild to .38
[12:13] {dino} to .47
[12:14] {munky} ok, i reloaded wmt .70 when iu asked vad
[12:14] {dino} to .57
[12:14] {munky} out .87, .93,.95
[12:14] {dino} out gild .57,
[12:14] {dino} +.60
[12:14] {munky} done round duex
01[12:14] {@Threei}  wtg
[12:15] {munky} well, i never traded it until u brought it up
[12:15] {munky} i like it
[12:15] {dino} ty
[12:15] {dino} gj munky
[12:15] {munky} u too, u nailing gild
[12:16] {dino} finally back in black, after this mornings mess
[12:16] {fish_49} meh
[12:17] {goinshort} meh P
[12:17] {mojo1} stopped p
[12:18] {fish_49} at .06 right guys?
01[12:20] {@Threei}  1:3  YHOO
01[12:20] {@Threei}  out
[12:20] {dino} gj
[12:21] {dino} lfus stop .14 -.34
[12:21] {dino} gild pullback
[12:22] {thomcbell} very nice wmt and yhoo vad
01[12:22] {@Threei}  ty
[12:23] {munky} thom, dont compliment him too much, remember all the das execution problems this morning that we r blaming on vad lol
[12:24] {munky} plus we dont want his head to grow bigger than his gut, a very disproportional image
[12:24] {thomcbell} hah
01[12:25] {@Threei}  abuse I take...
01[12:32] {@Threei}  watching TZA for pullback entry
01[12:32] {@Threei}  around .45
[12:38] {RonS} dtv looks and act short on intra and daily...
[12:38] {RonS} acts
[12:46] {dino} out symc .24, +.23
[12:50] {RonS} tj (wanted to say bj but knew would be misinterpreted)...you had it in the 30's...terrible job...lol
[12:51] {RonS} ssys another -1.50 would be interesting if and when gets there...
01[12:51] {@Threei} Short Setup: IWM  .80 break
01[12:52] {@Threei}  If holds  .90
[12:53] {RonS} all 3d pressured
[12:55] {dino} lol ron, but yes you are right
[12:56] {RonS} also means my .24 was a tj...
[12:57] {dino} keeping eye on it for monday, just ceo leaving/fired
01[12:58] {@Threei}  1:1
[12:59] {RonS} ya but its the 2nd time in 18 mos...the board is incompetant and/or nuts...
[13:00] {dino} probably both
[13:01] {dino} lfus smr s .20
[13:01] {fish_49} Skinny
[13:02] {dino} "thin"
[13:08] {mojo1} a little too thin huh dino?
[13:09] {fish_49} thin is the politically correct term  that is Skinny  lol
[13:10] {dino} time will tell
01[13:10] {@Threei}  1:2
[13:10] {thomcbell} makes sense
[13:10] {dino} gj
01[13:10] {@Threei}  ty
[13:10] {fish_49} ty
01[13:11] {@Threei}  1:3
01[13:11] {@Threei}  my a$$ is out
[13:12] {dino} caught the turn, nice
01[13:12] {@Threei}  fish, got IWM short?
[13:13] {fish_49} yes  got out 1:2  ty
01[13:13] {@Threei}  consolation prize :)
[13:13] {fish_49} lol
[13:13] {fish_49} was watching WMT and looked away and it took off
01[13:17] {@Threei}  TZA never gave an entry
[13:20] {munky} fb short loss of .10 vad?
01[13:21] {@Threei}  not sure
01[13:21] {@Threei}  it doesn't really follow SPY
[13:28] {munky} huh? which one?
[13:28] {fish_49} FB
01[13:28] {@Threei}  which one what?
[13:31] {RonS} who's on first?
[13:31] {fish_49} Ron
[13:31] {munky} what one?
[13:32] {RonS} lol...any news?
01[13:32] {@Threei}  on what?
[13:32] {fish_49} That pullback was a little erly...
[13:33] {fish_49} early
[13:33] {RonS} exactly...lol
[13:33] {munky} which one?
[13:33] {fish_49} the one on first
[13:33] {RonS} munky is killin me laughing so hard...
01[13:34] {@Threei}  and this is even before banana breakfast
[13:35] {ese} daaaaaaaaaa ej stoped .48 -.30
[13:35] {fish_49} small (10,000) shares?
01[13:35] {@Threei}  Ukraine has estimated a damage as a result of the nationalization of Ukraine's property in Crimea by Russia as hundreds of billion of US dollars and is going to appeal against this at international arbitration tribunals, Premier of Ukraine Arseniy Yatseniuk told journalists
[13:36] {dino} can't blame them for trying
01[13:36] {@Threei}  this is actually a good move
[13:37] {RonS} so, some dudes in the Hague going to rule, then collect?
[13:37] {RonS} good luck with that...
01[13:37] {@Threei}  arbitration tribunal rules in their favor, Russia refuses to pay of course, economic blocade goes up
[13:37] {fish_49} so if they collect money, in a way, Putin bought Crimea?
01[13:38] {@Threei}  and any funds that can be reached can be subjected to confiscation to satisfy tribunal ruling
01[13:39] {@Threei}  considering that Crimea is heavily subsidized, no one would ever want to buy it
01[13:39] {@Threei}  it's a financial burden on Russia as it is
[13:40] {fish_49} so the issue to Russia was more Location on the map?
01[13:40] {@Threei}  geostrategy
[13:40] {dino} cov/stop lfus .35 - .15
01[13:40] {@Threei}  access to Black Sea, the only warm waters point for Russia
01[13:41] {@Threei}  fleet controlling South
[13:41] {cosmo} who gets chernobyl?
01[13:41] {@Threei}  still Ukraine
[13:41] {cosmo} ic
01[13:41] {@Threei}  also, making Ukraine a country in conflict prevents its acceptance by NATO
01[13:46] {@Threei}  my good deed for the day is done - informed nemo that bp issue is resolved and he missed a few good trades
[13:46] {fish_49} yea better late than never  (To inform him)
[13:47] {fish_49} I messaged him once I got the confirmation email from NANKO folks
[13:47] {fish_49} Nonko*
01[13:47] {@Threei}  well, it's missing trades by him that delivered the most satisfaction
01[13:47] {@Threei}  The U.s. State Department’s Special Envoy for Energy Affairs Carlos Paqual estimated that over the next several years “at least 80-90 billion cubic meters of gas could enter the European market through new sources from Australia, Mozambique, Algeria, and other countries.”
[13:47] {fish_49} lol
01[13:47] {@Threei}  Russian gas giant Gazprom may lose the European energy marketm, since Europe can buy 160 billion cubic meters of gas from alternative sources – the exact amount it purchased from Gazprom in 2013, according to Carlos Pasqual
01[13:48] {@Threei}  now, that would really really hurt
[13:48] {fish_49} how much do they export
01[13:49] {@Threei}  historically, Russian leaders lost control over situation and country during low energy prices
01[13:49] {@Threei}  a lot
[13:49] {fish_49} near or more than 160 Billion Cubic feet?
01[13:49] {@Threei}  oil/gas needle is practically all the country lives on
[13:49] {dino} 30% of europes needs from russia
[13:50] {fish_49} can somoene sell it to EU cheaper and deliver it as efficient?
[13:51] {fish_49} SPY in bounce territory
[13:51] {dino} usa could, but govt roadblocks to exports and anti-frackers slowing down parts of exploration
[13:52] {dino} betcha france get rid of the anti-frack law soon
[13:52] {fish_49} frack the anti-frackers  I say Drill Drill Drill  as long as it is not in my state
[13:53] {dino} drbc holding my area up
[13:58] {thomcbell} data looks like an 85 short break if holding 85.20 for smallish shares
[13:58] {thomcbell} nope
[14:00] {fish_49} Dino  the new guy in DRBC is a water guru.  Wonder if he will want to side with the Fracking  Anti-Frackers
[14:04] {dino} hoping frackers. we've been doing it for 60 years, not like its new
[14:04] {fish_49} yea but that is why we have global warming
[14:04] {fish_49} or thats why we have a democratic president
[14:05] {fish_49} lol
[14:09] {mojo1} what's drbc dino?
01[14:10] {@Threei} Long Setup:  IWM  .325 break
01[14:10] {@Threei}  .25
[14:10] {fish_49} Delaware River Basin
01[14:10] {@Threei}  If holds  .15
01[14:11] {@Threei}  change to .20 break
01[14:11] {@Threei}  If holds  .10
01[14:13] {@Threei}  to .14
01[14:13] {@Threei}  meh
[14:14] {dino} delaware river basin committee
[14:17] {fish_49} Is the russell always that jerky?
01[14:20] {@Threei} Long Setup:  TZA  .10 break
01[14:20] {@Threei}  .80
01[14:20] {@Threei}  grrr
01[14:20] {@Threei}  If holds  .75
01[14:25] {@Threei}  VXX says TZA goes up
01[14:28] {@Threei}  TZA says "yes sir"
01[14:28] {@Threei}  half out .87
[14:28] {munky} why .87?
[14:29] {dino} gild drop
01[14:29] {@Threei}  1/4 more out .91
01[14:30] {@Threei}  stop .84
[14:31] {dino} smr l .30
[14:32] {RonS} Mercer? ya kiddin me? never even heard of it...
[14:33] {dino} just heard that, unbelievable
[14:33] {RonS} lol...some predicting Harvard/Mercer final
01[14:34] {@Threei}  PLUG Plug Power Inc Hearing a financial blog suggests the company may be close to signing a deal with Volkswagon
[14:34] {dino} gild to .50
[14:35] {dino} to .60
01[14:35] {@Threei}  out on a trail
[14:35] {goinshort} thanks V needed that one
[14:35] {fish_49} TY
[14:35] {fish_49} same here
01[14:35] {@Threei}  yw
01[14:36] {@Threei}  if not for the glitch in the morning, this would have been great day
[14:36] {fish_49} Mercer knocked them out of the tourny?
[14:36] {dino} out gild .68, +.38
[14:36] {fish_49} What the heck
01[14:36] {@Threei}  enough 1:3ers to cover anything
01[14:38] {@Threei}  timely exit on TZA
[14:38] {dino} i guess that duke porn star will be disappointed
[14:38] {fish_49} My nephew wrestles for Duke.  I'm sure he will be bummed
[14:42] {goinshort} TZA I bailed at .91 perfect timing
[14:43] {ese} L bldp .26 alot
[14:52] {cosmo} This year, March Madness will be brutal on the perennial favorites.
01[14:52] {@Threei}  BLDP... what do we trade next, KTEL?
01[14:52] {@Threei}  LOCK?
01[14:52] {@Threei}  BXMNF?
01[14:53] {@Threei}  really, such a blast from the past, lol
01[14:53] {@Threei}  GERN... STEM...
[14:53] {RonS} lol...how about PHOT...MJNA...HEMP?
01[14:53] {@Threei}  lol
01[14:53] {@Threei}  only I name actual ones :)
[14:55] {munky} just did wmt third time, .71 to .91
[14:56] {munky} luv that store
01[14:56] {@Threei}  this is addictive munky...
01[14:56] {@Threei}  careful or they may call you a part of walmart nation
01[14:56] {@Threei}  which btw must be purely USA issue
[14:56] {fish_49} I didn't know WMT had pets
[14:56] {munky} im gonna go there tonite and just hang out with the "people -of-walmart" he he
01[14:57] {@Threei}  when I see the photos from that series, I have to say never saw anything like that in any canadian walmart
[14:58] {munky} what, no monkeys running loose in canada? discrimination
01[14:58] {@Threei}  speaking of WMT as a part of our trading basket, it's relatively recent addition... a few months I think
[14:58] {dino} gild smr l .10
[14:58] {RonS} daughter says she moved from China because "got tired of feeling like a foreigner"...I said I went to Walmart and felt like a foreigner...
01[14:58] {@Threei}  hehe
[14:59] {munky} well muokys r a recent addition also
01[14:59] {@Threei}  how do you adjust Ron?
01[14:59] {@Threei}  nice to have family back?
[15:00] {RonS} ya, the baby is a sweetheart and the 2 1/2 year old is funny developing her language
[15:00] {dino} out gild .20, =.10
[15:00] {dino} +
01[15:00] {@Threei}  :)
[15:02] {munky} :D
[15:05] {munky} wmt getting intersting again
[15:05] {munky} vad, whats wmt personality into the bell as in sells off or power up?
[15:06] {dino} its kind of a bitch
[15:06] {RonS} outta here...see y'all Monday
[15:06] {dino} cya ron
[15:06] {dino} c'mon munky that was funny
[15:07] {munky} truly dont get the joke dino
[15:07] {dino} bitchy personality, wmt
[15:07] {munky} wmt a bitch?
[15:07] {munky} well i too .72 and look round 4k
[15:07] {dino} forget it, i must not be making sense. but nemo would've got it
[15:08] {munky} easiest nicest woman i had pleasure of pleasuring lol
[15:08] {mojo1} what about gild's personality.. psycho
[15:08] {munky} now gild is a witch, mean ole hag,m smacking evveryone around long short
[15:09] {dino} yeah, amazed at that one just because govt looks at pricing. other pharms not getting hit badly
[15:13] {ese} just caught your comment re bldp.......that is a blast from the past for sure.....hopefully it's retraced enough from that almost 10 dollar high
[15:13] {dino} hot tub time machine ese
[15:13] {ese} boy is it ever
[15:17] {munky} stop on wmt .61
[15:19] {dino} geos drop
01[15:20] {@Threei}  Geospace Technoloigies Corp. Discloses Seafloor Geophysical Solutions may postpone delivery of seafloor nodes
[15:20] {dino} geos smr l .35
01[15:21] {@Threei} Long Setup:  VXX  .30 break hl
01[15:21] {@Threei}  If holds  .20
[15:22] {dino} geos pulp
01[15:24] {@Threei}  meh
[15:24] {fish_49} yea  it looked right
[15:25] {goinshort} dang back to red again
[15:25] {goinshort} :)
01[15:26] {@Threei}  .l fb .10 break
01[15:26] {@Threei} Long Setup:  FB  .10 break
01[15:26] {@Threei}  If holds  67
01[15:28] {@Threei}  come on FB, clear sky to .30
06[15:29] * @Threei kicks FB in the rear
[15:31] {dino} wow gos crushed
06[15:36] * @Threei repeatedly kicks FB in the rear
01[15:39] {@Threei}  come on... 2 cents to 1:1, and you turn back?
06[15:39] * @Threei considers escalation of violence
[15:39] {fish_49} lol
[15:39] {thomcbell} this is bad bad action
06[15:39] * @Threei kicks FB in the rear with heavy duty army boots
[15:40] {cosmo} don't punch a hole in it
01[15:40] {@Threei}  like I care
[15:40] {fish_49} have munky buy a shit load more  and push it over the top
01[15:41] {@Threei}  I punch a hole, air comes out, pushes it up
[15:41] {cosmo} for only two seconds
[15:41] {cosmo} then its down
06[15:42] * munky slaps fish_49 around a bit with a large trout
01[15:42] {@Threei}  that's all we need
[15:42] {munky} thought i didnt see that fish?
[15:44] {dino} geos seems bit extreme over 29m order delay
[15:44] {dino} going to swing a few hundred shares over weekend
[15:45] {ese} me as well
[15:45] {ese} cya next week all
[15:45] {dino} cya
[15:46] {ese} later dino
[15:46] {dino} :)
01[15:47] {@Threei}  take care ese
01[15:47] {@Threei}  market is not ending on a happy note
01[15:49] {@Threei}  grrr
[15:49] {fish_49} yea  it has been heartless for a week now
[15:49] {fish_49} I think Munky broke it
01[15:49] {@Threei}  OK guys, have a good weekend
[15:49] {fish_49} see ya
01[15:49] {@Threei}  see you on Monday
[15:51] {dino} cya 3i
[15:53] {dino} well, theres a 1.30 on geos, but i want more
[16:02] {munky} alrighty, take care all

March 20 2014

Not very satisfactory day as a few too many small stops kept us slightly negative even though there were quite nice winners. Oh well. Nice discussion of trading rules at the last 20 minutes, don't miss it.

Session Time: Thu Mar 20 00:00:00 2014
01[09:13] {@Threei}  NQ Mobile Inc. Huawei to License NQ Mobile's™ Music Radar for Ring Back Tone (RBT) Services and Apps
[09:15] {dptl} good morning
01[09:15] {@Threei}  dp :)
[09:19] {dino} gm
01[09:19] {@Threei}  dino :)
[09:21] {mojo1} gm
01[09:21] {@Threei}  mojo :)
[09:22] {RonS} hello everyone
01[09:23] {@Threei}  ron :)
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:28] {munky} morning
01[09:28] {@Threei}  munky :)
01[09:29] {@Threei}  let's see if NQ tightens enough for the trade
01[09:31] {@Threei} Short Setup: YHOO  .35 break hl
01[09:31] {@Threei}  If holds  .45
01[09:33] {@Threei}  jerky
01[09:34] {@Threei}  needs to lose .30
01[09:35] {@Threei}  stop to .41
01[09:35] {@Threei}  1:1
01[09:36] {@Threei} Short Setup: CAT  .50 break hl
01[09:36] {@Threei}  Invalidated
01[09:37] {@Threei} Long Setup:  OWM  .90 break
01[09:37] {@Threei} Long Setup:  IWM  .90 break
01[09:37] {@Threei}  If holds  .80
01[09:38] {@Threei}  no go
01[09:42] {@Threei} Short Setup: EBAY  .80 break
01[09:42] {@Threei}  If holds  .90
01[09:44] {@Threei}  valid again
[09:45] {nemo} fas spreads still a bit wide
[09:46] {fish_49} still valid EBAY?
01[09:47] {@Threei}  yes
[09:49] {dino} sncr smr l .14
01[09:51] {@Threei}  1:1
[09:51] {fish_49} click click
[09:52] {thomcbell} feye almost ready for a rally
[09:52] {thomcbell} worst deal in history
[09:52] {dino} what does click click mean?
[09:52] {fish_49} the sound of Order Filled
[09:52] {dino} ok
[09:53] {fish_49} out on the trail  ty
01[09:53] {@Threei}  yw
[09:53] {dino} gwph drop
01[09:54] {@Threei}  watching TZA
[09:55] {fish_49} bank stress test out today?
[09:56] {dino} dk smr l .26
01[09:58] {@Threei} Long Setup:  TZA  15 break
01[09:58] {@Threei}  If holds  .95
01[09:59] {@Threei}  *(US) MAR PHILADELPHIA FED BUSINESS OUTLOOK: 9.0 V 3.2E
01[09:59] {@Threei}  *(US) FEB EXISTING HOME SALES: 4.6M V 4.60ME
[10:02] {fish_49} Meh
[10:06] {dino} out sncr .14 +1.00
[10:06] {RonS} wtg
[10:06] {fish_49} nice
[10:06] {dino} ty
01[10:07] {@Threei} Long Setup:  WMT  .40 break
01[10:07] {@Threei}  If holds  .30
01[10:09] {@Threei} Long Setup:  FAZ  .70 break
01[10:09] {@Threei}  If holds  .65
[10:13] {dino} fcx hl l .75
01[10:14] {@Threei}  FAZ meh
[10:15] {fish_49} 1:1  wmt
01[10:15] {@Threei}  this one should do better
01[10:15] {@Threei}  1:1
01[10:15] {@Threei}  clear sky above
[10:15] {fish_49} I had to pick one  and I picked FAZ  lol  WMT will go to 1:5  now
01[10:16] {@Threei}  they both a slow...
01[10:16] {@Threei}  are
[10:16] {fish_49} yea  for now  I want to be in one trade at a time
[10:18] {thomcbell} feye
[10:18] {thomcbell} u do it dino?
01[10:19] {@Threei}  Obama statement on Ukraine in 45 min
01[10:19] {@Threei}  let me guess... sanctions against 3 more
[10:22] {fish_49} we need to find a way to spice into the Finies long  today
[10:22] {fish_49} JPM or C
[10:22] {fish_49} splice*
[10:25] {dino} visions of spice girls going thru mind
[10:25] {fish_49} lol
[10:26] {fish_49} @49  any vision is good
[10:26] {dino} eonc spike
01[10:27] {@Threei} Short Setup: JPM  .55 break
01[10:27] {@Threei}  If holds  .65
01[10:29] {@Threei}  (US) Preview: Fed to release initial CCAR stress test results for the 30 largest banks today at 16:00ET- Results from supervisory stress tests conducted as part of the Dodd-Frank Reform and Consumer Protection Act will be released today after the close. The exercises help assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic and financial market conditions over a period of nine quarters.
01[10:30] {@Threei}  - Last year, 17 of 18 of the biggest financial institutions in the US passed its stress test scenario. Ally Financial was the only institution that failed to meet thresholds.
01[10:30] {@Threei}  sounds like non-event to me
01[10:32] {@Threei}  1:2  WMT
[10:32] {dino} gj
01[10:32] {@Threei}  ty
01[10:40] {@Threei}  will try for 1:4 on WMT
[10:40] {fish_49} C pulling back  Lets see if JPM can trigger
[10:40] {ese} L gtat .07
01[10:41] {@Threei}  1:3
01[10:41] {@Threei}  let's change JPM .60 break
[10:41] {ese} not yet
[10:42] {ese} ohhhhhhhh ya mean jpm
01[10:42] {@Threei}  If holds  .67
01[10:42] {@Threei}  normally when I type JPM, yes, I mean JPM... {G}
01[10:42] {@Threei}  Invalidated
[10:43] {thomcbell} bac
[10:43] {thomcbell} very bullish chart
[10:43] {munky} normally when i type bac, i mean bacon
[10:44] {ese} lol
01[10:44] {@Threei}  normally when I type bacon O mean "you all back away slowly from my plate, and noone will get hurt. Maybe"
[10:44] {ese} normally when I type anything on this board it's BS
[10:44] {munky} roflol
[10:45] {dino} fcx to .98
[10:45] {fish_49} I dont normally Type on this Board but when I do, It's Funny
[10:45] {ese} and when dino types anything on the board.......it gets silent ......and when all watch in anticipation of his profit
[10:45] {munky} hey, u want me to stop and tank wmt?
[10:45] {munky} ilkl go long here lol
01[10:45] {@Threei}  1:4 is close enough
01[10:46] {@Threei}  out
[10:46] {nemo} pullback coming here...how deep not sure
[10:46] {munky} nemo is it bounmce time vxx
01[10:46] {@Threei} Long Setup:  FAZ  .55 break
01[10:46] {@Threei}  If holds  .50
[10:47] {dino} out fcx .98, +.23
[10:48] {nemo} possibly to vwap...but bigger move more likely later today on vxx
[10:49] {nemo} another fly in the ointment today on indexes...op ex Thurs
[10:49] {munky} ty my brother-in-arms
[10:49] {nemo} btw...munkey...this area is the 50 day on the VXX
[10:50] {munky} i thought it was every third friday of month nemo?
[10:50] {nemo} for some options strikes are set today
[10:52] {RonS} true, but when has it mattered?
[10:53] {thomcbell} after aa bit of consolidation spwr looks like 32.68 break
[10:53] {munky} vxx went to vwap capn nemo
[10:53] {nemo} action seems to be less readable on op ex Thursday
[10:54] {fish_49} click click
01[10:55] {@Threei}  1:1
[10:57] {munky} nemo any read fb?
[10:58] {nemo} pres speaking
[10:59] {munky} when is he not speaking?
[10:59] {munky} oh, when hes golfging
[10:59] {nemo} fb likely to test those swing highs just below pivot
01[10:59] {@Threei}  when doing something to prevent looming war
01[10:59] {@Threei}  oh wait...
[10:59] {nemo} beyond that, so far it's in the middle of the range
[11:00] {nemo} time of day starting to get iffy
[11:01] {munky} i thought pres could drive vxx up
[11:01] {munky} fear
01[11:02] {@Threei}  you mean he could say something that would actually instill fear?
[11:02] {fish_49} Boo
01[11:02] {@Threei}  other than fear of anotherjob-killing move
01[11:05] {@Threei}  yessss
01[11:05] {@Threei}  more people sanctioned
01[11:06] {@Threei}  that'll show them
[11:06] {munky} c pllbk to vwap
[11:06] {dino} dk to .65
01[11:07] {@Threei}  Will continue to work with European partners regarding any potential sanctions, including sanctions on sectors of the Russia economy rather than just individuals
[11:07] {fish_49} FAZ close enough
[11:07] {fish_49} out at .73
[11:07] {fish_49} thanks Vad
01[11:07] {@Threei}  yw
[11:08] {fish_49} I have a Realtor coming  see everyone later  happy trading
[11:09] {dino} to .70
[11:09] {mojo1} where you moving fish?  next to vad
[11:10] {RonS} fish to the Black Sea?
[11:11] {munky} akba an ipo?
[11:11] {thomcbell} yes
01[11:11] {@Threei}  yeah, today's
01[11:11] {@Threei}  biopharmaceutical
[11:12] {RonS} wow, nice typing...  :)
[11:12] {dptl} more sanction eh.....the way its going they will remove russian vodka from stores, and then what are we going to do Vad? :)
[11:13] {dino} oh f#@k, didn't think of that dp
01[11:13] {@Threei}  this is going to be tough
[11:13] {nemo} Tito's
01[11:13] {@Threei}  life as we know it sure will change
01[11:13] {@Threei}  1:2  FAZ
[11:14] {dino} time to stock up i guess
01[11:14] {@Threei}  wait
[11:14] {dptl} i gues :) Dino
[11:14] {dptl} guess
01[11:14] {@Threei}  everything is not over
01[11:14] {@Threei}  there is some good ukrainian vodka
01[11:14] {@Threei}  and they will let it in, as sign of solidarity
[11:15] {dino} for how long
[11:15] {dptl} lol.....i know how to make moonshine
[11:16] {RonS} new one for me... Obamao
01[11:16] {@Threei}  by polishing your bum, dp?
[11:16] {dptl} lol
[11:16] {RonS} rotflol...took a sec
06[11:16] * @Threei takes a bow
[11:18] {ese} dddddddddddddddddddddddddpppppppppppppppppppppppp!!!!!!!!!!!!!!!!!! your back buddy.....awesome!!!!!!!!!!!!!!!!!!
[11:18] {dptl} The Russian name for any homemade distilled alcoholic beverage is called samogon (ru: ??????´?), literally translated as "self-run" or "self-distilled". Historically, it was made from malted grain (and therefore similar to whisky), but this method is relatively rare nowadays, due to increased availability of more convenient base ingredients, such as table sugar, which modern samogon is most often made from. Other common ingredients inclu
[11:19] {dptl} Ese :)
01[11:19] {@Threei}  Europe has a range of options to shore up its energy security and cut dependence on Russian supplies, including asking the United States to export more gas, and working with Iraq, a British government document says.
01[11:19] {@Threei}  now, that would really hurt
[11:19] {ese} would it ever
01[11:20] {@Threei}  Russian economy is holding on energy supplies
[11:20] {dino} pretty much all it is
01[11:20] {@Threei}  take it away, that's a house of cards
01[11:21] {@Threei}  house of cards on clay legs, to use some mix metaphore
[11:24] {thomcbell} no setup yet but i bought some mu
[11:26] {RonS} the horror:  Margarita fans miffed as Mexican lime growers squeeze supply
[11:27] {dino} what is going on? madness, vodka may be stopped from russia, limes in short supply, chaos
[11:27] {thomcbell} feel like the mu may be a failed inverse cup and handle
[11:27] {nemo} Have you seen who's president?
[11:29] {RonS} or as ese would say...whose  :)
[11:29] {dino} dk to .85
[11:29] {nemo} gardening was never his strong suit
01[11:30] {@Threei}  come on, you should see the trench he dug
[11:30] {RonS} just thinking that...lol
[11:30] {nemo} bury him neck deep and get out the lawnmower
01[11:30] {@Threei}  it swallowed 5 neigboring houses, and he is still not done
[11:30] {dino} out dk .83, +.57
01[11:31] {@Threei}  actually, I suspect he is trying to move the beach closer to his house, masking it as a draining trench
[11:31] {RonS} gj dino
[11:33] {dino} ty ron
[11:34] {dino} taking a bit of a break
01[11:34] {@Threei}  closed balance FAZ on a trail
[11:34] {dino} slow day but 3 for 3
[11:34] {ese} L gtat avg .98
01[11:36] {@Threei}  lol... https://scontent-a-ord.xx.fbcdn.net/hphotos-prn1/t1.0-9/58029_3969531973696_967312602_n.jpg
[11:36] {nemo} that was a good movie
[11:37] {nemo} that kid was great
[11:37] {nemo} Kate Winslet was in it too
[11:42] {thomcbell} wow back to day high
[11:43] {RonS} has a different meaning in Colorado...
[11:45] {RonS} more like:  high back to day wow
[11:47] {RonS} no fish no will...tough crowd left...
01[11:47] {@Threei}  wow WMT
01[11:47] {@Threei}  who would have thought this turtle could get that far
01[11:53] {@Threei} Long Setup:  IWM  .07 break
01[11:54] {@Threei}  If holds  119
[11:56] {RonS} jesus ese missed exit on gtat by 1/2 cent...freakin hate that...
[11:57] {ese} huh
[11:58] {ese} all the discussion is gone
01[11:58] {@Threei}  no go
[11:59] {RonS} been talking to myself here...didn't miss a thing...
01[11:59] {@Threei}  lol
[12:09] {thomcbell} some big prints on feye near 69
01[12:10] {@Threei} Long Setup:  EBAY  57 break
01[12:10] {@Threei}  If holds  .94
01[12:16] {@Threei}  half out
[12:16] {thomcbell} mu if anyone did it i would make a sale
01[12:19] {@Threei}  frikin IWM, rinsed
01[12:20] {@Threei}  1:1  EBAY
01[12:23] {@Threei}  so, MCain, Boehner and Reid are barred from entering Russia
01[12:23] {@Threei}  too bad... I say let's sent Reid there
01[12:23] {@Threei}  send
01[12:24] {@Threei}  wrapped in gift paper
[12:41] {thomcbell} made a sale on feye if anyone followed
01[12:42] {@Threei}  wtg
[12:42] {thomcbell} tony of prints at 69
[12:42] {thomcbell} tons
[12:42] {ese} how'd you do thom?
[12:43] {thomcbell} i did very well in this one today
01[12:43] {@Threei}  so ese... as a result of your trench-digging, is Willows beach at your doorstep yet?
01[12:44] {@Threei}  my theory is, you want to be able to take a dive right from your porch
[12:45] {ese} lol
[12:46] {ese} it might as well be at my back door......you should see how much these guys are doing on the drain tiles....crazy...didn't realise there was so much involved in it
[12:56] {nemo} vxx looks long here
[12:59] {nemo} not now
[13:00] {thomcbell} i took the trade on FEYE on a trail
01[13:00] {@Threei}  good management thom
[13:00] {thomcbell} if it flushes under 69 im interested in buying it again
[13:00] {nemo} gotta' turn around at 69
01[13:02] {@Threei}  your VXX idea might be close, nemo
[13:02] {nemo} yes
[13:07] {dino} .
[13:08] {dino} miss much ?
[13:08] {nemo} well, index short setups are forming...but...
[13:09] {nemo} nice of them just to drop like that
01[13:12] {@Threei} Long Setup:  VXX  .90 break
01[13:12] {@Threei}  If holds  .80
01[13:21] {@Threei}  valid and promising
01[13:26] {@Threei}  (RU) S&P revises Russia Federation sovereign credit outlook to negative from stable; rating remains BBB- Cites increasing economic and geopolitical risk.
01[13:26] {@Threei}  economic weapon
01[13:26] {@Threei}  1:1
01[13:27] {@Threei}  to the moon VXX
01[13:27] {@Threei}  (please?)
01[13:27] {@Threei}  good idea nemo, thanks
[13:28] {dino} gj
[13:29] {nemo} not sure we're gonna' get a moon shot today on vxx
01[13:29] {@Threei}  don't get between me and my dream
[13:30] {nemo} tomorrow going into the afternoon greater likelihood
01[13:30] {@Threei}  it's almost like getting between me and my bacon
[13:30] {nemo} you mean, MY bacon
01[13:30] {@Threei}  or monky and his banana
01[13:30] {@Threei}  hmmm... this might be physiologically impossible
[13:30] {nemo} what a setup...I'll leave it alone
01[13:31] {@Threei}  lol
[13:32] {nathan} what's up?
01[13:32] {@Threei}  SPY
01[13:34] {@Threei}  break of .05 should get us to 1:2
01[13:39] {@Threei}  OK, this I have to read 3 more times to believe:
01[13:39] {@Threei}  The Obama administration has proposed a 28% spending cut for a Pentagon program that supports modernizing the military of Ukraine and other former Soviet Union republics, Pentagon budget records show, a move that could endanger efforts to boost Ukraine's armed forces as they face threats from Russia.
01[13:39] {@Threei}  wtf?
01[13:40] {@Threei}  is this guy absolutely set on undermining USA credibility to the point where no one notices it on the map?
[13:40] {dino} pretty much, carries around a lot of guilt i guess, obummer
[13:40] {RonS} he's thinking Canada can pick up the tab...
01[13:41] {@Threei}  Spending on the Warsaw Initiative Fund is set to drop from $34 million in the current fiscal year to $24.4 million in the 2015 fiscal year, which starts Oct. 1.
01[13:41] {@Threei}  he will save 10 million?
[13:41] {dino} no, he'll spend that and more on welfare increases
01[13:42] {@Threei}  English has no appropriate words... I have to swotch to Russian
01[13:42] {@Threei}  or Ukraininan as case might be
01[13:44] {@Threei}  "How to appease your enemies while throwing your allies under the bus"
[13:46] {dino} oxy smr l .45
[13:47] {ese} well gtat........should i or shoudn't i take my .08 cents profit......sheesh
[13:47] {dino} looks up-ish
[13:51] {dino} guess not
[13:51] {munky} back
[13:52] {goinshort} looking for a VZ short
01[13:52] {@Threei}  47 break?
01[13:53] {@Threei}  looks tempting
[13:53] {goinshort} yes
[13:56] {munky} c day high vad
01[13:56] {@Threei}  break is likely
01[13:56] {@Threei}  with this circus stress test results after close
01[13:57] {@Threei}  VXX balance closed
01[13:58] {@Threei}  good point:
01[13:58] {@Threei}  The Moscow Times: If Russia gets Crimea, should Germany get Kaliningrad?
01[13:58] {@Threei}  how far back do we go to restore what we consider "correct" borders?
01[14:00] {@Threei}  Kaliningrad, formerly known as Konigsberg, a historically German exclave that Germany lost to the Soviet Union in 1945 following the conclusion of World War II
01[14:02] {@Threei}  VZ doesn't bounce with SPY
[14:05] {munky} on vz vad, u would take large shares like 3k?
01[14:05] {@Threei}  well, stop is above .10
01[14:05] {@Threei}  so consider your risk tolerance
01[14:05] {@Threei}  slippage risk wise, it allows for large shares
[14:05] {munky} ah, ok, like 6k tghen
[14:07] {dino} out oxy .49 +.04, can't get thru .53
[14:07] {thomcbell} scty has the looks of double bottom here vad
[14:07] {munky} anyone take vz?
[14:08] {dino} no
01[14:08] {@Threei}  SCTY is way out of my comfort zone
[14:08] {goinshort} I'm in
[14:09] {goinshort} needs a SPY push
01[14:09] {@Threei}  spread is just indecent
[14:09] {dino} oxy sob
[14:09] {dino} try again smr l oxy .55
[14:12] {fish_49} did anyone catch any of the JPM and C run?
[14:13] {munky} i missed c
[14:13] {munky} was surprised room wasnt on it
[14:14] {munky} i focus on vxx iwm fb ebay yhoo
[14:14] {dino} i look for fast pops and drops
01[14:15] {@Threei}  why be surprized... see something, offer it
01[14:16] {@Threei}  there are 10K stocks, no one can monitor them all
01[14:16] {@Threei}  we got nice run out of C yesterday
01[14:16] {@Threei}  out of WMT today
[14:17] {fish_49} wmt gave 1:5
[14:17] {fish_49} ?
[14:18] {thomcbell} ebay has a cup and handle on 1 minute here with 57.01 entry
01[14:18] {@Threei}  I sold at 1:4
[14:18] {fish_49} Niceeeeeeeeee
[14:22] {thomcbell} scty working
[14:24] {nemo} well, if ur gonna' try shorting the indexes, it's around here
[14:32] {RonS} oxy acting like its on some...
[14:32] {dino} slow dog walk
[14:37] {thomcbell} ebay looks like a 57.01 long break
[14:37] {thomcbell} i suppose
[14:40] {nathan} JNJ looks like breakout?
[14:41] {nathan} there it goes
01[14:42] {@Threei}  ?
[14:42] {nathan} fading away
01[14:42] {@Threei}  breakout for JNJ would be .10
[14:42] {nathan} wouldnt be enought breaking .05?
01[14:43] {@Threei}  with recent highs this close, not really
01[14:43] {@Threei}  and SPY dropping
[14:43] {dino} breaking? breaking benjamine
[14:43] {fish_49} perhaps a breakout of .10 with stop of 94
[14:43] {nathan} ok ty
[14:45] {dino} oxy to .72
[14:46] {dino} to .77
[14:46] {dino} out oxy .79, +.24
[14:46] {fish_49} gj
[14:47] {nathan} nice dino!
01[14:47] {@Threei}  JPM getting inetersting
[14:47] {dino} thx
[14:47] {mojo1} gj dino
[14:47] {mojo1} was watching it
01[14:47] {@Threei}  one more leg down and will start looking for entry
[14:50] {ese} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzehhh hem  zzzzzzzzz huh......ah ah ya "gtat"...ya i got some a dat...........zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:59] {munky} fb looks to be rolling over here
01[14:59] {@Threei} Long Setup:  JPM  .10 break
01[14:59] {@Threei}  If holds  .05
01[15:05] {@Threei}  meh
[15:05] {fish_49} shorts will cover around .95 perhaps
[15:08] {munky} wow fb
[15:08] {munky} was thinkin sh off .10
[15:08] {ese} out gtat  .00 +.02  it was a good day......i'm up .02 eh....cya tomorrow
[15:08] {fish_49} later ese
[15:08] {ese} later fish
[15:09] {fish_49} Yea  FB  been ill all day
[15:09] {munky} s2 fb 66 .50
[15:09] {dino} cya fishy
[15:10] {dino} cya ese
[15:10] {dino} read that wrong fish, lol
[15:11] {fish_49} oh  I thought ese was finished and taking his .02  to the bank with an escort
[15:11] {dino} :)
[15:11] {munky} dinos hooker escort service?
01[15:12] {@Threei}  I guess these exchanges about escorts is why I start getting e-mails qith request to send photos of the room members... {GGG}
[15:13] {fish_49} lol
[15:13] {dino} "they pay you"
[15:13] {fish_49} I meant Police escort because of the .02 cents
[15:14] {dino} wow wlt from 140s to 7
[15:17] {RonS} bac merrill pt of $2 today wlt...
[15:19] {dino} remember trading it in the 80s on takeover spec a yaer or so ago
[15:19] {dino} year too
01[15:19] {@Threei} Long Setup:  YHOO  .85 break
01[15:19] {@Threei}  If holds  .80
[15:20] {nathan} have a good night guys!
[15:20] {fish_49} [15:05] {fish_49} shorts will cover around .95 perhaps JPM
01[15:20] {@Threei}  you top nathan
[15:21] {fish_49} Good Night Nat have a great eve
[15:21] {munky} u too nate
01[15:27] {@Threei}  SPY doesn't bounce
01[15:28] {@Threei}  C just has to find the bottom here somewhere
[15:29] {dino} nice top call earlier nemo
[15:30] {nemo} I wish I had ur quote from last week ;-)
[15:31] {dino} which one
[15:31] {nemo} about me and turning points
[15:31] {dino} you're good at picking them, no doubt
[15:32] {fish_49} Dino?
[15:32] {dino} yes?
01[15:32] {@Threei}  crap... missed C
[15:32] {fish_49} Dude  don't make his head swell
[15:32] {dino} lol
[15:32] {dino} ahc drop
[15:32] {nemo} this was pretty easy:  IWM double top at the weekly R1 at the same time spy was at the R1 and finnies at the R2
[15:37] {dino} you short it
[15:37] {dino} ?
[15:38] {nemo} u talkin' to me?
[15:38] {dino} yes
[15:38] {nemo} only small, the range been so tight today...no selling pressure anywhere
[15:39] {nemo} anybody no where max pain on spx/spy is?
01[15:39] {@Threei}  not really satisfied with today
01[15:39] {@Threei}  a few too many small stops
[15:40] {fish_49} Nemo says You talkin to me?
[15:40] {nemo} Op Ex Thursday
[15:40] {fish_49} https://www.youtube.com/watch?v=4e9CkhBb18E
[15:40] {nemo} good ole Travis
[15:41] {mojo1} gotta have bigger balzzz vad
01[15:41] {@Threei}  seriously?
[15:41] {dino} good day here, 5/5 at goal
[15:42] {nemo} mojo...wtf
[15:42] {dino} most likely done for today, unless something really pops or drops
01[15:42] {@Threei}  you know how many with big balls started this profession with me and during my time, and none are around?
06[15:42] * nemo smacks mojo with the edge of a cricket bat
[15:42] {fish_49} Ballz  exploded?
01[15:42] {@Threei}  there is a good saying
01[15:43] {@Threei}  most popular sign on the tomstone in the traders' cemetery: "he was a brave trader"
[15:43] {nemo} there are bold traders
[15:43] {nemo} and old traders
[15:43] {dino} i can say the same vad, bunch of people i started trading with, i'm only one left
[15:43] {munky} roflol
[15:44] {nemo} just no old, bold traders
01[15:44] {@Threei}  yup
[15:44] {fish_49} good point nemo
01[15:44] {@Threei}  that was about pilots originally
[15:44] {fish_49} Brings me back to what Dino said
[15:44] {nemo} each day fits different traders differently
01[15:44] {@Threei}  relates to traders fully
[15:44] {fish_49} Something Dino said I have read in many books but when he siad it, it sunk
[15:44] {dino} mojo; fortune favors the bold (and darkness lies one step ahead)
[15:45] {fish_49} " Ya gotta stay in the game"
[15:45] {nemo} you are mortal unexpectedly-and that goes for your trading account
01[15:45] {@Threei}  anyone who wants to take big risks and hope to hit big score, go ahead and try. Come back when you finance new account, and take it seriously necxt time
[15:45] {fish_49} not exact spelling but  put my  spin on it
[15:45] {dino} fish, RULE # 1: YOU MUST STAY IN THE GAME!
[15:46] {fish_49} I like my spin "Ya Gotta Stay in the Game"
[15:46] {fish_49} lol
[15:46] {dino} you want my rules?
[15:46] {munky} no please no
[15:46] {nemo} sit on it and spin fish
[15:46] {fish_49} Rule #1  you must stay in the game
[15:46] {fish_49} Rule #2  Dont break rule #1
[15:48] {fish_49} Finished trading Vad?
[15:48] {nemo} when hunting you can't shoot what ain't there
[15:49] {fish_49} are you there?
[15:49] {nemo} all, is one, I am everywhere
[15:49] {nemo} dork
[15:50] {dino} 1) you must stay in the game; 2) start at 9:45 or later; 3) remain calm, wait for set-ups; 4) capitulation drops & euphoric spikes are your edge; 5) don't think, just react to set-ups; 6) when set-up is there you must take it; 7) don't over trade, take an hour off to clear your head; 8) base hits are high % plays; 9) profits=luck; losses=skill; 10) discipline trumps conviction; 11) NEVER
[15:50] {dino} let opinions get in the way of making $$$; 12) ask yourself, what do you believe that isn't true.
[15:51] {fish_49} Ibelieve Nemo is a good guy
[15:51] {fish_49} but Not true
[15:51] {nemo} huh
[15:51] {dino} they are in frame above my trading computer, read the first thing every day
01[15:52] {@Threei}  I can only add 13:
01[15:52] {@Threei}  Going for a big kill is the surefire way to get killed big
[15:53] {dino} agreed
[15:53] {nemo} o.k. you shouldn't try to shoot what is not there
[15:53] {fish_49} that's better phrase Toad
[15:53] {thomcbell} agreed guys
01[15:53] {@Threei}  thank you all, see you tomorrow
[15:53] {nemo} but, you still can't shoot it, if it's not there
[15:54] {fish_49} good night Vad
[15:54] {fish_49} thanks
[15:54] {dino} obviously the capits/euphoric won't apply to most here. these are just what i've learned to understand as my "edge".
[15:54] {fish_49} OK toad  Good night
[15:54] {fish_49} Take care aall
[15:54] {dino} gn
[15:54] {nemo} weird guy...how do you hit a target, that's not there
[15:55] {dino} lol
[15:56] {dino} that oxy has been trading back and forth between 92.50-92.80 for 40 minutes now
[15:56] {dino} anyway, done. gn all
[16:00] {munky} ok, ty