Dec 19 2013

Fairly boring but profitable day. It was difficult to find a play for a while as not much was happening but some scalps, 1:2 on FB and 1:3 on GLD short finally made the day.

Session Time: Thu Dec 19 00:00:00 2013
[08:33] {barbo} GM
01[08:36] {@Threei}  morning barbo
[09:09] {dino} gm
01[09:10] {@Threei}  dino :)
[09:12] {RonS} good morning gents
01[09:13] {@Threei}  ron :)
[09:15] {Will49} gm
01[09:15] {@Threei}  will :)
[09:18] {cc_9} Gooood morning good people of Mibbit
01[09:18] {@Threei}  lol
[09:19] {nemo} insomnia is a bitch
01[09:20] {@Threei}  just say thanks you are not a goldbug
01[09:21] {@Threei}  so... let's decide, we are still on btfd thingy or starting to shy away from it
[09:21] {nemo} but it's REAL MONEY!!!
01[09:21] {@Threei}  sound, too
[09:22] {nemo} That's what they tell me on the TV all the time
[09:23] {nemo} what's on ur watchlist knuckles?
[09:24] {Will49} what's in your wallet?
[09:24] {nemo} funny I heard that going through my head as I wrote it
[09:25] {nemo} time to shoot myself if I'm thinking like Will
01[09:25] {@Threei}  you are richer than you think
[09:25] {nemo} I'll use the muzzleloader
01[09:25] {@Threei}  nemo, stop
[09:25] {Will49} you and i are alike in a lot of ways except i'm nicer
01[09:25] {@Threei}  don't do it
01[09:25] {@Threei}  until you put a webcamera and let us watch
[09:26] {nemo} I like the way you think Vad, bunny can run the controls
[09:26] {Will49} and you can spell too
[09:26] {nemo} let's not get ahead of ourselves there Will
[09:27] {Will49} yeah...had too much coffee already
[09:27] {cc_9} FWIW : NUAN is at $15.00 today.
[09:28] {nemo} is that ur watchlist Knuckles?
[09:29] {cc_9}  F - GDX/NUGT - FB - VXX - NUAN - RAD
[09:29] {cc_9} That's my list for today
[09:29] {nemo} going back into the bowels of "F" huh?
[09:29] {cc_9} hehe
[09:29] {nemo} onward into the breach once again
[09:30] {Will49} pretty quiet breach
[09:30] {cc_9} GDX will try long if can get 20.60
01[09:32] {@Threei} Long Setup:  C  .60 break
01[09:32] {@Threei}  uh
01[09:32] {@Threei}  late
[09:33] {robbers} Too bad, good call.
01[09:34] {@Threei}  grrrr
[09:35] {nemo} spy ex-div today, gotta' be holding at the close today to get the .90 div
01[09:36] {@Threei} Short Setup: SLW  .60 break
01[09:36] {@Threei}  If holds  .65
[09:36] {nemo} but it's real money Vad
01[09:36] {@Threei}  sound, too
[09:36] {nemo} yeah, sounds like.........death
[09:38] {dino} das, lost connection/cannot connect
[09:38] {dino} ok back
[09:38] {nemo} yeah, contacting help desk now dino
[09:38] {nemo} probably Knuckles and his evil sense of humor
01[09:39] {@Threei}  you might be pleased to know that Pussy Riot members to be freed despite 'disgraceful behavior' that degrades image of women, Putin says
[09:39] {nemo} Putin just putting a little scare in them
01[09:39] {@Threei}  little? 2 years in jail
[09:39] {nemo} told them next time they go to male Gulag and get introduced to the shovel technique
01[09:40] {@Threei}  22% Think Federal Government Needs More Tax Money
01[09:40] {@Threei}  hah... stranely low
01[09:40] {@Threei}  strangely
[09:40] {nemo} they've collected record levels the last couple of quarters
[09:41] {Will49} the robin hood approach
[09:41] {nemo} then there's DiBlasion in NYC
[09:42] {dino} ibn sm l .48
01[09:42] {@Threei} Short Setup: FB  .75 break
01[09:42] {@Threei}  If holds  .85
[09:42] {cc_9} VXX death
[09:42] {cc_9} F catching some bids
01[09:42] {@Threei}  Invalidated
[09:44] {dino} iaci?
[09:44] {cc_9} RCL all over the map
01[09:44] {@Threei}  no news dino
[09:47] {Will49} sleepy head!
[09:47] {ese} am loosin it.......thought that I had signed in....anyway good morning
[09:48] {nemo} it's all those drugs you didn't do as a youth
[09:48] {cc_9} FB major pop
[09:48] {ese} your never too late to start
[09:48] {nemo} fb pivot .06
[09:48] {nemo} well, at your age, start with Viagra
[09:48] {ese} eyeing payx
[09:48] {ese} ccl
01[09:48] {@Threei}  ese :)
[09:48] {nemo} gild on a mission today
[09:49] {ese} and len
[09:49] {ese} lol
[09:49] {nemo} actually, up there I guess you have "Siagra"
[09:49] {ese} huh?
[09:49] {Will49} niagra
[09:49] {cc_9} ANF pop on possible M&A
[09:49] {ese} what the F is that
[09:49] {nemo} Google ese
[09:50] {cc_9} Lets focus on trades guys.
[09:50] {nemo} looking CC
[09:50] {nemo} FB retrace
01[09:51] {@Threei}  crap
01[09:51] {@Threei}  needed one more bounce to short
01[09:51] {@Threei}  even had alert prepared
[09:52] {ese} L payx .51
[09:52] {ese} looking as well cc
[09:53] {cc_9} GDX dogathon
[09:53] {cc_9} sideways, nada
[09:53] {cc_9} still looking for 20.60
[09:53] {cc_9} but maybe gold bugs are all on suicide watch
[09:53] {nemo} rig coming into serious level on daily
01[09:55] {@Threei}  in this particular case suicide watch means handing them soap to that rope
01[09:55] {@Threei}  ok FB
[09:55] {cc_9} RIG nice, i love a crash early
01[09:55] {@Threei}  a little more
[09:56] {cc_9} holding off on RIG till gets another slappathon
[09:56] {nemo} wow, 5 bil pomo today and tomorrow 3.5 bill...Bennie going out with a bang
01[09:57] {@Threei}  and the bang is... Yellen??
[09:57] {cc_9} DRI getting lobstered
01[09:57] {@Threei}  sheesh FB
[09:57] {nemo} I'll leave that one alone Vad
01[09:58] {@Threei}  again, drops with no setup
[09:58] {nemo} offers thickening on RIG
01[09:58] {@Threei}  can't blame you, nemo
01[09:59] {@Threei}  *(US) NOV EXISTING HOME SALES: 4.9M V 5.02ME
[09:59] {nemo} oops
01[09:59] {@Threei}  *(US) DEC PHILADELPHIA FED BUSINESS OUTLOOK: 7.0 V 10.0E
[09:59] {nemo} oops
01[10:00] {@Threei}  FB, this was not very nice of you
[10:00] {cc_9} F tankish once again
[10:00] {Will49} twofacebook
[10:01] {cc_9} home sales = bad news
[10:01] {nemo} they'll blame it on the weather
[10:02] {cc_9} GDX some bids
[10:02] {cc_9} off lows, but no run yet
[10:02] {nemo} vix popping
[10:02] {cc_9} F deathish
01[10:02] {@Threei}  what a fruitless morning so far
[10:04] {Will49} who wants to take that one?
01[10:05] {@Threei}  it's all you will
[10:05] {nemo} Knuckles, what about your old faithful SIRI trade?
[10:05] {Will49} ooohhh....everybody sticking to trades
[10:05] {cc_9} SIRI = buy 50k shares, set limit to sell for $0.02
[10:05] {cc_9} take a nap
[10:05] {cc_9} wake up
[10:05] {cc_9} ???
01[10:05] {@Threei} Long Setup:  FB  .60 break
[10:05] {cc_9} profit
01[10:06] {@Threei}  If holds  .50
[10:06] {nemo} SIRI on NASactive today
01[10:06] {@Threei}  1:1
01[10:06] {@Threei}  that was easy
01[10:06] {@Threei}  double bottom, clear as day
[10:06] {ese} dam....and to think I had my finger on DOW this morning and looked away
[10:07] {Will49} missed it too
01[10:07] {@Threei}  1:2
[10:07] {nemo} UA 52 week high
01[10:07] {@Threei}  why? .61 - .62 was there for taking
[10:07] {Will49} maybe for you
[10:07] {ese} come on payx........you slithering no good fer nutting....crawling lower than a snakes beely in a wagon rut piece a C ya.....get up there
[10:07] {Will49} when i looked it was up 7 cents
[10:08] {nemo} STX setting up short
[10:08] {cc_9} all i want is a trade long in GDX today
[10:08] {cc_9} that is all i ask for, Santa.
[10:09] {nemo} after the way you've behaved this year, huh?
[10:09] {cc_9} ive brought so many nice jokes
[10:09] {cc_9} that should be worth something
[10:10] {nemo} jokes don't count, because for those you make laugh you hurt your targets with your cutting words....sniff sniff
[10:10] {nemo} Zero sum kinda' thing
[10:11] {nemo} mmmhhhh....must be a heavy "flow" day
[10:11] {dino} iaci sm s .48
[10:11] {nemo} X breakout on 5 minute
[10:11] {nemo} but already at R3
[10:11] {cc_9} RIG still no bottom for the day
[10:12] {nemo} 46.70 S3
[10:12] {Will49} gdx
[10:12] {cc_9} SPY getting spanked with a hot cast iron skillet
[10:12] {Will49} as you were...just try to bring up chart
[10:13] {Will49} third coffee
[10:13] {nemo} RIG starting to chew some offers
[10:13] {RonS} cc, that hakihika dude went long rig at .97
[10:13] {nemo} ?
[10:13] {ese} everyone see the news item on Mark Slitherberg yesterday.....FB possibly being sued for the mismanagement of the IPO.....
[10:13] {cc_9} Ron, lol, I saw. Some 4250 or so shares
[10:14] {cc_9} funny that we both saw that
[10:14] {ese} couldn't happen to a nicer looser
[10:14] {RonS} loser...please
[10:14] {cc_9} Mark RuseStein also selling common
[10:14] {nemo} frickin' musicians
[10:14] {ese} lol
[10:15] {ese} don't know how people can invest in a company run by an idiot
[10:15] {nemo} you have students, yes?
01[10:15] {@Threei}  take a look, ese:
[10:15] {RonS} lol
01[10:15] {@Threei}  FB To offer 70M shares (3% of shares outstanding) including 41.35M for Chairman Zuckerberg; shares to be offered through JPMorgan - filing
[10:15] {ese} and by someone who screwed his friend to get there
01[10:15] {@Threei}  is this is a "loser", you are redefining the word
[10:16] {nemo} strong and weak at the moment:http://imageshack.com/a/img19/889/5qiq.jpg
[10:17] {cc_9} SPY double bottom from pre-Market
[10:17] {cc_9} 180.75iSH
[10:17] {ese} what is that nemo?
[10:17] {cc_9} HAL3000
[10:18] {cc_9} Its an "algo" that nemo "made" using rabbit skin and Haitian magic
[10:18] {nemo} bid/offer persistence algo
[10:18] {nemo} left are bid supported, right are offer heavy
[10:19] {ese} ahhhh....thats great
[10:19] {dino} cov iaci .60 -.12
[10:19] {dino} out ibn flat
[10:19] {cc_9} GDX long here
[10:19] {cc_9} stop loss 20.35, target : the moon
[10:20] {nemo} OK Alice
[10:21] {nemo} LVS vad
[10:21] {nemo} shit rig popped
[10:22] {cc_9} it went up like $0.13, take it easy with the word popped
[10:22] {cc_9} its still under 47
[10:22] {nemo} ok...pulse returned
[10:23] {cc_9} GDX, i feel lonely being long by myself, anyone wishes to join ?
[10:23] {cc_9} the promised land is 20.70+
[10:24] {nemo} time for a "hallelujah"
[10:25] {nemo} btw...the movie "The Watchmen" is great
[10:25] {cc_9} That move has been out before FB went IPO
[10:25] {cc_9} i.e : a long time ago
[10:25] {cc_9} movie*
[10:25] {nemo} yes...but it was great
[10:26] {nemo} happened to think of it when I wrote hallelujah
[10:26] {cc_9} Yes, Dr. Manhattan needs underwear though
[10:26] {cc_9} cant be flying to other planets bucknekked
[10:26] {nemo} doesn't seem to bother him...well when you're quantum nothingness
[10:26] {Will49} Cohen wrote hallelujah
[10:27] {nemo} he wrote several of the songs in that movie
[10:27] {cc_9} http://www.youtube.com/watch?v=HHgxOXEQaFU
[10:27] {cc_9} This is one of his songs too
[10:27] {ese} L RIG .96
[10:28] {nemo} oh the pain, oh the power, (something) people
[10:28] {nemo} don't know what "mishigene"  means other than it's a conjectural expletive
[10:29] {Will49} sounds like a veneral disease
[10:29] {nemo} green side filling out
[10:29] {cc_9} F still dying
01[10:29] {@Threei} Long Setup:  CAT  .60 break
[10:29] {cc_9} GDX sideways
01[10:29] {@Threei}  If holds  .50
[10:29] {cc_9} gonna treat RAD like I treat SIRI today
01[10:33] {@Threei}  there is something applicable to trading today in this image: https://www.facebook.com/photo.php?fbid=669514636405089&set=a.141401872549704.19305.128631877160037&type=1&theater
[10:33] {cc_9} F big volume here
[10:34] {Will49} LOL
[10:34] {dino} f#ckin' rinses!!!!!!!!!!!!!!
[10:35] {ese} have a lool at rig dino
[10:35] {ese} look
[10:36] {cc_9} Breaking News : Church spokesman says Pa. Methodist pastor who officiated son's gay wedding has been defreocked
[10:36] {cc_9} defrocked
01[10:36] {@Threei}  must be painful
[10:36] {nemo} I'm afraid to ask what his tip was for performing the ceremony
[10:36] {RonS} oh no...
[10:37] {dino} was that pastor ben dover?
[10:37] {ese} another forgiving religion
[10:37] {nemo} now what are you thinking Ron?
[10:37] {RonS} just like liberalism...
[10:38] {ese} nemo nemo nemo....tsk tsk tsk
[10:38] {nemo} what?
01[10:39] {@Threei}  no go CAT
[10:39] {cc_9} RIG doing the sitting monkey face
[10:40] {nemo} algo update:  http://imageshack.com/a/img199/6830/pmzx.jpg
[10:41] {ese} thats a cool algo
[10:41] {RonS} where do you get that nemo?
[10:42] {ese} what the heck is the sitting monkey face
[10:42] {nemo} friend of mine's at Kirshner trading...perhaps friend would offend him actually
[10:42] {RonS} go to the image 3i posted ese...
[10:42] {ese} ya saw that
02[10:45] * Disconnected
Session Close: Thu Dec 19 10:45:21 2013

Session Start: Thu Dec 19 10:45:21 2013
Session Ident: #discussions
02[10:45] * Attempting to rejoin channel #discussions
03[10:45] * Rejoined channel #discussions
[10:47] {nemo} bids moving up in rig
[10:47] {ese} rig lookin real good here
[10:48] {ese} and your algo tells you that?
[10:49] {cc_9} lol
[10:49] {cc_9} you'd have more luck getting the read from his rabbit
[10:49] {nemo} no, the chart does, but it shut off on the weak side of the algo also
[10:49] {ese} hmmmm
[10:49] {ese} are you having success with it nemo
[10:50] {nemo} it lets you know the conditions of the market and what groups are strong or weak, sometimes you can find individual setups
[10:50] {cc_9} nemo, if you want to share a beta version sometime to take a look, we might find a market for it (if its proprietary built of course)
[10:50] {nemo} yeah, not mine to share
[10:51] {cc_9} fair enough
[10:51] {cc_9} Michael Steinberg convicted of conspiracy, securities fraud.
[10:51] {ese} if rig can get by .00 i can see a dino +.40 here
[10:52] {ese} lots of resistance at 47, hopefully bigger players filling there boots
[10:52] {ese} and then off she goes
[10:52] {cc_9} Michael Steinberg fainted in court when judge found him guilty (this is true, not a ruse)
[10:53] {ese} hmmmmm stay out of the heat then
[10:53] {cc_9} he is probably gonna do a few months at a club med facility
[10:53] {ese} ya
[10:53] {cc_9} i mean Club Fed
[10:54] {ese} there was a story in time about one of those facilities.....you can come and go.....on site clubhouse with booze etc etc
[10:55] {cc_9} yes, pool tables, roasted chicken, dentists etc...
[10:55] {cc_9} i hate when they say "he is going to jail"
[10:55] {cc_9} he is not going to jail, he is going to 2 star hotel
[10:55] {ese} yup....detaining fence was 2 feet high white picket fence
[10:56] {cc_9} RIG first bid above 47
[10:56] {ese} dino +.10 so far
[10:56] {ese} rig
[10:57] {cc_9} remind me, why is the market open today ?
[10:58] {ese} it's my new nickname for this move " the dino +.40"
[10:58] {cc_9} but you have to add other things ese
[10:58] {ese} ?
[10:58] {cc_9} dino dt sl +0.41
[10:58] {ese} always looking for improvement
[10:59] {cc_9} more acronyms, more cowbell
[10:59] {cc_9} also, RIG 47.10
[10:59] {ese} ya definitely
[10:59] {ese} stop to break even .96
[10:59] {ese} rig
[10:59] {cc_9} im up $65 today, i wish i never woke up
[11:00] {ese} beats the hell out a kick in the pants
[11:00] {ese} you know how many beers that is
[11:00] {ese} sheesh
[11:01] {ese} and the lady of your choice in Thailand
[11:01] {ese} opps....outta line there
[11:02] {ese} appologies
[11:02] {cc_9} never apologize ese, if people get offended, then its something they need to work on
[11:02] {cc_9} go on with the prostitute joke, i was actually getting into it
[11:02] {RonS} oof
[11:02] {ese} lol
[11:03] {Will49} Caunucks most apologetic people in the world
[11:03] {Will49} so what do we need to work at?
[11:04] {Will49} work on
[11:04] {ese} almost the "dino dt sl +.20'
[11:05] {cc_9} GDX getting defrocked
01[11:05] {Threei}  you know what constitutes black friday shopping frenzy in Canada?
[11:05] {ese} ?
01[11:05] {Threei}  1000 shoppers trying to hold the door for each other
[11:05] {RonS} the only black guy in town show up at the store?
[11:06] {ese} ouch
[11:06] {Will49} yikes
[11:06] {cc_9} lol ron
[11:06] {Will49} sorry about that ron
[11:06] {ese} vads gonna have alot of website cleanup today before posting
[11:07] {Will49} I am the apologetic Canadian stereotype. Sorry guys
01[11:07] {Threei}  the only country where you step on someone's foot and he aplogizes
[11:07] {ese} perfect ½ way to the 'dino dt sl +.40'
[11:08] {ese} lol
[11:08] {Will49} http://theendangeredbookeater.files.wordpress.com/2013/04/tumblr_lsarmotdlw1qaqn8to1_500.jpg
[11:11] {ese} ouch
[11:11] {dino} lol
[11:11] {ese} well.......i 'll have you know.....I represent that remark
[11:12] {Will49} see item #1
[11:12] {Will49} http://ca.news.yahoo.com/blogs/dailybrew/ten-things-canada-does-better-anyone-according-patronizing-182223467.html
[11:13] {RonS} oh canada out the window...  http://www.youtube.com/watch?v=BGLR25EJtfE
[11:14] {ese} I can personally attest to the chocolate bar fact......have put alot of research into that
[11:14] {Will49} oh yeah ron :)
[11:15] {RonS} would have to through a few eh's in the lyrics though...
[11:15] {Will49} right on hoser
[11:16] {RonS} maybe when she goes oh oh oh...change to eh eh eh...
[11:16] {ese} shaaaaadap!   boat ah ya eh!
[11:16] {cc_9} watching CCL here
[11:16] {Will49} hey...don't gimme the gears eh?
[11:17] {Will49} sorry cc...we need to stick to trades
[11:18] {ese} yer buyin da next round will robinson eh!
[11:18] {Will49} hahaha
[11:19] {Will49} Maui till Feb ese
[11:19] {ese} I feel bad about that for ya.......it's too bad that has to happen to you
[11:19] {Will49} somebody has to do it
[11:20] {ese} ya.....tough thing to take on
[11:20] {Will49} have to get up at 4:30 am to trade though
[11:20] {RonS} while these shmucks frolib on a $40 mi hawaiian vacation they feed us this bs:  Kinda like reading Dickens eh? 'Make It a Christmas Treat' to Talk About Health Insurance | CNS News http://shar.es/Ow5Ah
[11:21] {Will49} LOL
[11:21] {RonS} frolick
[11:22] {Will49} actually sad
01[11:24] {Threei} Short Setup: C  .70 break
[11:26] {cc_9} gonna try a SIRI trade for 2 cents
01[11:26] {Threei}  If holds  .80
[11:26] {ese} I gotta go....anyone want to take my senior precalculus exam this morning........thought not....cya tomorrow
[11:26] {Will49} peace buddy
[11:26] {RonS} ...go whole hog and go for a nickel
[11:27] {ese} will do
[11:27] {cc_9} take care ese
[11:28] {cc_9} come back ese, so u can read that i said bye
[11:28] {cc_9} :(
[11:28] {cc_9} out
[11:28] {cc_9} SIRI for $0.02
[11:28] {cc_9} RIG is dino'ing
[11:29] {RonS} used to work w/ Jim Meyer, the siri ceo...he is wicked smart and an excellent businessman
01[11:31] {Threei}  not a loOser, I assume? {G}
[11:32] {RonS} ...think he is from Boston too
[11:32] {nemo} meso dactyl
01[11:32] {Threei}  Invalidated
[11:33] {cc_9} Carson Daily on Bloomberg TV
[11:34] {RonS} iaci the ape...
[11:35] {cc_9} WOW
[11:36] {cc_9} tempted to short
[11:42] {cc_9} took a nibble, out IACI ss for $0.47
[11:42] {cc_9} thank you Ron
[11:43] {RonS} gj yw
[11:43] {cc_9} GDX at last!
[11:44] {RonS} lea granted by f
[11:45] {nemo} vxx looking short
[11:45] {nemo} although likely to stay in this range
[11:49] {RonS} wac 'd
01[11:50] {Threei} Long Setup:  FB  .05 break hl
01[11:50] {Threei}  If holds  .95
01[11:50] {Threei}  1:1
[11:52] {cc_9} Ok
[11:52] {cc_9} those who were always curious about the SIRI trade
[11:52] {cc_9} go look @ SIRI now
[11:52] {cc_9} I basically bot 50k shares @ 3.40 and sold @ limit 3.42
[11:52] {cc_9} its not much of a move, but its a very good trade you can do when bored
[11:52] {cc_9} use free routes to get in market and use routes that pay credits for limit exit
[11:52] {cc_9} you pick up the P&L and the credit
01[11:53] {Threei}  aka rebates
[11:53] {cc_9} i should loaded 100k
[11:53] {cc_9} but that is ok
01[11:54] {Threei}  1:2
[11:57] {dino} iaci sm s .65
[12:03] {Will49} out tks Vad
[12:03] {cc_9} VXX bids
01[12:07] {Threei}  :)
[12:09] {nemo} tsla looks short here
[12:09] {nemo} oh shit....lunch time
01[12:13] {Threei} Short Setup: FB  54 break
01[12:13] {Threei}  If holds  .10
01[12:13] {Threei}  Invalidated
01[12:13] {Threei}  for now
[12:17] {cc_9} ALIM fading
01[12:28] {Threei}  49% Rate #Obama Poorly on #Deficit Reduction
01[12:28] {Threei}  lol
[12:36] {cc_9} #nap
01[12:36] {Threei}  hesitated to call GLD .40 short...
01[12:36] {Threei}  ^^&()$#&
01[12:38] {Threei}  let me reiterate:
01[12:38] {Threei}  ^^&()$#&
[12:44] {cc_9} DICK moving up
[12:44] {cc_9} DECK*
[12:44] {cc_9} Statements out of Sterne Agee
[12:44] {nemo} cute
[12:44] {Will49} fruedian slip :)
[12:44] {nemo} personal assessment?
[12:44] {cc_9} it got you guys talking
[12:45] {cc_9} so whos cute now
[12:45] {RonS} Sterne stiffie?
[12:45] {cc_9} LOL
[12:45] {nemo} oh shit
[12:45] {Will49} hahaha
[12:45] {nemo} actually Stern means stars
[12:45] {nemo} sterne
[12:46] {cc_9} ALIM about to lose $4.00 and get truckdumped
[12:54] {cc_9} $0.40 on that DECK move
[12:54] {cc_9} heh
[12:54] {cc_9} eh
[12:54] {cc_9} blah
[12:55] {cc_9} too bad, I did not grab my DECK on that news
[12:55] {Will49} hey!
[12:55] {cc_9} (the bait is working)
[12:55] {Will49} always with me
[12:56] {Will49} can't resist responding
[12:56] {Will49} i respond..therefore i am
[12:56] {cc_9} Keep GILD on watch, should be good pop when done fading
[12:58] {cc_9} F coming in
[13:04] {cc_9} tomorrow is gona be twice as fun as today
[13:16] {cc_9} someone, for the love of god, ring the bell
[13:17] {cc_9} i cant do this any longer
[13:17] {cc_9} my ass is growing crodokil skin
[13:17] {cc_9} too much sitting down
[13:19] {nemo} spy going for new all time highs?
01[13:23] {Threei}  I really really need to short something
[13:36] {nemo} I wouldn't looks like they're going to drive the finnies and spy higher
01[13:36] {Threei}  that's why I don't
01[13:37] {Threei}  but I really want to
01[13:37] {Threei}  all this sweet nice long market make me puke
[13:37] {nemo} PUT THE KEYBOARD DOWN!!!!
01[13:37] {Threei}  makes
[13:37] {nemo} tomorrow after spy ex div
[13:39] {nemo} artificial upward pressure today
01[13:41] {Threei} Short Setup: FB  .50 break hl
01[13:41] {Threei}  If holds  .60
[13:46] {cc_9} GDX its GOat time
01[13:53] {Threei}  rob ford strikes again, woth gift giving advice
01[13:54] {Threei}  "Just money. Women love money"
[13:54] {Will49} God help us!
[13:54] {dino} lol, that guy is something else
[13:56] {dino} so get this on that foreclosure.....to bid it i had to submit 48 pages of govt paperwork. now that i won it, they want additional 11 pages.
[13:57] {dino} couple months ago bought one from local bank, i bid it on a one page fax.
[13:57] {dino} and they tell me its getting worse in beginning 1/1/14, volker rules/dodd/frank.
[13:57] {Will49} gotta keep the gov workers busy
[13:57] {Will49} or excuses to hire more
[13:58] {dino} supposedly the paperwork will double
[13:59] {Will49} guess that would be keeping bank employees busy, eh?
[13:59] {dino} going to drastically increase closing costs
[14:00] {Will49} that'll help make home buying easier...not
[14:08] {cc_9} F totally buttdevastated
[14:08] {cc_9} she wants lower in the coming days
[14:09] {dino} they should sell fmn, fre to private sector and let them guarantee loans, decide deposits, etc
[14:12] {cc_9} Im gonna bid 3.40 on SIRI in the hopes i get another round
[14:14] {cc_9} TWTR the goat
[14:32] {RonS} ostk squeezing on bitcoin acceptance announcement
01[14:34] {Threei}  all kinds of wierd stuff happen
01[14:34] {Threei}  weird too
01[14:59] {Threei}  Pershing Square denies firing analyst who told Bill Ackman to short Herbalife
[14:59] {RonS} agn rip
01[14:59] {Threei}  really... he would rather suffocate him at office Christmas party
[15:02] {nemo} hey dino, notice how infrequently gap fills now
01[15:04] {Threei} Short Setup: GLD  .30 break
01[15:04] {Threei}  If holds  .40
[15:08] {nemo} fb bounce area
[15:10] {RonS} heard of goldfinger and a steel-tipped member but not a goldmember...
[15:10] {Will49} hahaha
01[15:11] {Threei}  lol
[15:11] {nemo} nah, that was kinda' poor, Goldmember was in a Mike Meyers movie
01[15:11] {Threei}  die GLD
01[15:11] {Threei}  1:1
[15:11] {Will49} droop goldmember
[15:11] {RonS} lol
01[15:12] {Threei}  lol
06[15:13] * Threei shooes away an accidenatl zoo visitor who tries to feed vuagra to GLD
[15:13] {Will49} lol
01[15:13] {Threei}  1:2
01[15:15] {Threei}  1:3
[15:19] {cc_9} CCL bol spike
[15:19] {cc_9} vol
[15:19] {cc_9} *
[15:19] {cc_9} loading up SIRI here for another penny scalp
[15:19] {nemo} ahhh
01[15:20] {Threei}  who got GLD?
[15:20] {Will49} me :)
01[15:20] {Threei}  :)
[15:21] {Will49} out on a trail but nice call Vad
[15:33] {cc_9} ok guys
[15:33] {cc_9} take care
[15:33] {cc_9} seeyou all tomorrow
[15:34] {Will49} going also...cya guys
[15:36] {RonS} ditto here...
01[15:37] {Threei}  ok... no one wants a trade on last 20 minutes I see
01[15:37] {Threei}  (not that I have one)
01[15:37] {Threei}  thank you all, have a great evening. See you tomorrow
[15:37] {nemo} thanks for the fish

Dec 18 2013

How about that for an after-FOMC play? On top of a few nice trades before that, makes for a verrry nice day.

Session Start: Wed Dec 18 00:00:00 2013
[09:03] {dino} gm
[09:05] {RonS} gm y'all
01[09:06] {@Threei}  dino, ron :)
[09:09] {cc_9} gm
01[09:09] {@Threei}  cc9 :)
[09:10] {cc_9} F getting slapped hard on lower guidance for full year 2014
[09:10] {Will49} gm
01[09:10] {@Threei}  will :)
[09:13] {cc_9} F should give a few opportunities today, getting hammered under $16, already pushing near 6M shares
01[09:15] {@Threei}  GM might be a companion play
01[09:15] {@Threei}  more volatility
[09:16] {barbo} GM
01[09:17] {@Threei}  Morning barbo... you haven't gotten our e-mail about reserver room yesterday?
01[09:17] {@Threei}  missed good day...
[09:19] {cc_9} Going to trade F mostly today, high vol, high liquidity, cheap and ...well, its FORD
[09:20] {RonS} 3D Systems to Acquire a Portion of Xerox's Oregon Based Solid Ink Engineering and Development Teams
[09:22] {cc_9} F coming in here, almost back to $16
[09:23] {cc_9} long F here $16.00
[09:23] {cc_9} target 16.10
[09:24] {RonS} myron in the house...
[09:24] {nemo} bummmer...wanted to be Montesquieu today
[09:25] {RonS} me too but couldn't spell it...
[09:25] {nemo} Pssssst....Ron
01[09:25] {@Threei}  lol
[09:25] {nemo} you ever hear of "Google"?
[09:25] {nemo} We should weep for men at their birth, not at their death. ~ Montesquieu
01[09:26] {@Threei}  really... think I knew how to spell Maupassant till yesterday?
[09:26] {nemo} thought
[09:27] {cc_9} F looking ripe for a bounce @ open
[09:27] {nemo} so iwm sitting right where it closed
[09:27] {cc_9} lining up my sells over 16.10 in case get fast spike @ bell
[09:28] {thomcbell} rising 200 sma at 15.66
[09:28] {thomcbell} on F
[09:30] {cc_9} adding F on this open drop
[09:31] {thomcbell} mu got nailed at the open
01[09:31] {@Threei} Long Setup:  GM  .10 break hl
01[09:31] {@Threei}  If holds  41
[09:31] {cc_9} GILD huge gap on news, buying the dips
[09:33] {thomcbell} nice little bounce off the 200 on F
01[09:33] {@Threei}  chnage to .05 break
[09:33] {cc_9} F = beautiful!
01[09:33] {@Threei}  If holds  .95
01[09:34] {@Threei}  1:1
[09:36] {cc_9} RMTI going again
[09:37] {cc_9} long GILD here
01[09:37] {@Threei} Short Setup: GDX  .30 break
[09:37] {cc_9} F buying back at this level for another round
01[09:37] {@Threei}  If holds  .35
[09:38] {thomcbell} gild might be trying to setup long here
[09:38] {thomcbell} too wide
[09:39] {cc_9} GILD so far so good, aiming for 71.50+ tgt
[09:39] {thomcbell} darn
[09:39] {cc_9} out GILD for $0.51
[09:40] {dino} gj
[09:40] {cc_9} RMTI should be good till 11.50
[09:40] {thomcbell} nice gild
[09:40] {cc_9} F giving me trouble here, needs 15.90 again
[09:41] {cc_9} F come on...lets see $16.00 again
[09:41] {thomcbell} F long setup 15.90 break if hlding 15.80 Vad
[09:42] {cc_9} GILD lovely bounce (already out)
01[09:42] {@Threei}  me likey
01[09:42] {@Threei}  actually, even .86 break qualifies
01[09:43] {@Threei}  if holds .75
[09:43] {cc_9} im already in and still looking for 16
[09:43] {cc_9} would kill for 16.10 target
[09:44] {cc_9} GILD boom, she went
[09:44] {cc_9} F having trouble :(
01[09:45] {@Threei}  GDX, stop to .32
[09:45] {cc_9} ugh F, don't fail me now...
[09:45] {thomcbell} mu short setup 22.11 break
[09:46] {cc_9} i dont want to sit through a slappathon
[09:47] {thomcbell} target on mu is 21.80
[09:47] {thomcbell} 1:1
[09:49] {cc_9} come on F, catch some bids back to .90s
[09:50] {thomcbell} mu put stop at 22.02 if anyone did it
[09:51] {cc_9} F 40M+ shares served already
[09:51] {cc_9} RMTI new highs
01[09:51] {@Threei}  1:1
01[09:51] {@Threei}  nice smackdown
[09:52] {cc_9} F needs .85 bid for a reversal
01[09:52] {@Threei}  don't you love being short when they pull a rug like this
[09:52] {thomcbell} mu 1:2
[09:52] {nemo} fB ADBE TWTR weak today
[09:52] {Will49} mm good
[09:53] {thomcbell} MU1:3
[09:53] {cc_9} F must give a fast and furious reversal to get buyers back, at this level, sideways and weak bid is all im seeing
[09:53] {thomcbell} take it if you got it
01[09:53] {@Threei}  nice one tbell
[09:53] {cc_9} Don't forget guys, today is FOMC
[09:53] {cc_9} 2:00PM ET
[09:53] {thomcbell} couldnt get my stop order figured out in time but hope someone else got it
[09:55] {cc_9} ok F make or break here
[09:55] {cc_9} bids coming back in mid .80s
[09:55] {cc_9} im long 15k shares, will dump all @ or above $16.00
[09:55] {thomcbell} cc looking for bounce off pivot on gild
[09:56] {cc_9} could be tbell, already cashed out GILD, only focused on F for now, have big position in
[09:56] {thomcbell} oh brother mu
[09:57] {nemo} I think fb drips today
[09:57] {cc_9} FB negative comments earlier in the day
[09:57] {nemo} oh
[09:57] {cc_9} here we go again, with the "taper talks"
[09:58] {cc_9} F sob...no dice, back to .80
[09:58] {thomcbell} mu
[10:00] {cc_9} wowza MU
[10:01] {cc_9} long MU here 21.00
[10:02] {dino} aapl wall .45
[10:02] {cc_9} MU bounce target 21.37
[10:03] {dino} giddy-up
[10:05] {cc_9} MU trying to hold LOD on this second drop, break of 21.25 should be good for full reversal
[10:06] {cc_9} F no love...sideways at the .80 range
[10:06] {nemo} mu earnings news?
[10:07] {thomcbell} new competitor
[10:07] {thomcbell} the rise in mu was primarily on hynix leaving the market
[10:07] {thomcbell} now someone entering
[10:07] {dino} enta going for gap fill
[10:08] {cc_9} MY, needs .20 again for pop
[10:08] {cc_9} MU*
[10:08] {cc_9} BofA defending F
[10:09] {cc_9} MU giddy up
[10:09] {cc_9} first limit to sell 21.25 next 21.35
[10:10] {cc_9} out first portion MU
[10:10] {cc_9} so far so good
[10:11] {cc_9} MU defended @ Raymond James
[10:11] {cc_9} GILD target raised to $100 from $85 @ JPM
[10:11] {cc_9} GILD catching bids on that headline
01[10:12] {@Threei}  looking for FB pullback for long entry
[10:12] {ese} morning ....slept in
[10:12] {cc_9} all out MU second partial $0.35
[10:12] {cc_9} flat MU
01[10:12] {@Threei}  ese :)
[10:12] {RonS} sm l esv .80
[10:12] {thomcbell} CC - well done
[10:13] {ese} mhr
01[10:13] {@Threei}  feels like under .10 would be just right, FB
01[10:13] {@Threei}  quick scare and ramping back up
[10:13] {cc_9} thanks bell
[10:13] {cc_9} i just want off the F ride, stock not working out as of yet, sideways only
[10:15] {cc_9} 0:03 cc_9 MU bounce target 21.37
[10:15] {cc_9} look @ the top of the candle.
[10:15] {dino} dodge would be a better symbol read, as in just stay away(dodge it)
[10:15] {nemo} it was .40 cc, you suck
[10:15] {nemo} why'd you think .37?
[10:16] {cc_9} nemo, nope, its .37 look again
[10:16] {cc_9} bc Knower_Of_All_9
[10:16] {nemo} my candle says .40 sorry
[10:16] {nemo} hehehehehehehe
[10:16] {cc_9} your candle is wrong then.
[10:16] {nemo} fine
[10:16] {cc_9} zoom in on 1 min
[10:16] {cc_9} its .37
[10:16] {nemo} must be a democrat liberal
[10:16] {nemo} I am
[10:16] {thomcbell} F looks like it needs to flush
[10:17] {nemo} this isn't the first time there have been variances between the same charts
[10:17] {nemo} my 1 min candle has a high of .40
[10:17] {cc_9} dont say that bell :(
[10:17] {cc_9} i need F to get back to 16
[10:17] {cc_9} but yes, the chart does look fluhy
[10:18] {cc_9} F tanking now :(
01[10:19] {@Threei}  quick scare occurred but bottomed out just a wee bit higher than I wanted
[10:20] {cc_9} talking about F Vad ?
[10:20] {cc_9} im really surprised it has not yet had a leg up after the open...
[10:20] {cc_9} its trading over 60M already
01[10:21] {@Threei}  no, FB
[10:21] {cc_9} F bids dying
01[10:21] {@Threei}  was hunting for pullback entry
[10:22] {cc_9} F @ 6 month lows now
[10:24] {nemo} was there news in vrtx
[10:24] {nemo} ?
01[10:24] {@Threei}  not that I see
01[10:24] {@Threei}  it's a GILD sympathy play though
[10:24] {cc_9} F tanking now
[10:24] {cc_9} fast too
[10:24] {cc_9} LOD test
[10:24] {RonS} none here vrtx
[10:26] {cc_9} F double bottom, needs 15.70s to confirm
01[10:26] {@Threei}  (US) PIMCO's Gross: Fed may taper today; but would more likely make changes on the IOER, inflation target or additional forward guidance
[10:26] {nemo} vrtx setting up long or short me thinks
[10:28] {cc_9} F no dice, she wants to flush hard before anything...
[10:28] {nemo} about time for the market to go into limbo
[10:28] {cc_9} F sellers in full control since the open
[10:28] {cc_9} not a single bounce yet
[10:29] {cc_9} F stop eater algo about to hit
[10:30] {cc_9} F full on flush. fuck
[10:32] {RonS} going back to the circus?...Orbitz Worldwide Announces Resignation of Tamer Tamar..
[10:32] {nemo} who is that?
[10:33] {RonS} dk
01[10:33] {@Threei}  he was a third floor maintenance manager
[10:34] {RonS} qiwi smashed
01[10:34] {@Threei} Long Setup:  F  .70 break
01[10:34] {@Threei}  If holds  .60
[10:35] {cc_9} now that F put in a new low, lets see if it can hold it
[10:36] {cc_9} if by some miracle it holds LOD, should start creeping back up toward .80
[10:37] {dino} enta sm l .50
[10:38] {ese} day late dollar short type of day
[10:38] {cc_9} F testing LOD again
01[10:38] {@Threei}  change to .60 break if holds .55
[10:40] {Will49} stock getting F'd
[10:40] {robbers} LOL
01[10:40] {@Threei}  Rob F'd
[10:40] {Will49} LOL
[10:41] {cc_9} im getting totally anused on F
[10:41] {cc_9} are they gonna stop making cars next year or what the F ?
[10:41] {Will49} lucky you only have 100 shares on :)
[10:41] {cc_9} not funny, but hopefully funny later
[10:42] {cc_9} race against FOMC for me to get out F
01[10:42] {@Threei}  I think news finally spread that their name is same as Toronto mayor's
01[10:42] {@Threei}  and that means majot screwup is inevitable
[10:42] {Will49} wouldn't doubt it
[10:44] {Will49} may day...may day
[10:46] {cc_9} F completely screwed
[10:46] {cc_9} not 1 bounce worth $0.20
[10:46] {cc_9} thought 15.50 would be bounce level
[10:47] {cc_9} what the hell, whats another 10k here...
[10:48] {cc_9} come on Ford...this is just utter shit, give a bounce
[10:49] {thomcbell} 15.50 long break if hldokng low
[10:49] {thomcbell} holding
[10:53] {cc_9} F all out crash...40s
[10:53] {cc_9} blah
[10:55] {cc_9} .30s...yikes
[10:55] {Will49} slow motion train wreck
[10:55] {dino} enta stop .16-.34
[10:55] {robbers} Well, a car wreck.
[10:56] {dino} not my week
[10:56] {RonS} but exercising skill?
[10:56] {cc_9} F my first max pain trade this week
[10:58] {cc_9} F seriously testing maximum pain here
[10:58] {cc_9} 100M shares traded, nothing but tank
[10:59] {dino} abtl spike
[10:59] {dino} sm s .30
[10:59] {cc_9} F fear bringing more and more fear, more and more dumping, volume through the roof
[11:00] {ese} F interesting
[11:01] {Will49} understatement of the day
[11:03] {cc_9} God damn it...here we go again
[11:03] {dino} stop/cov abtl .50 -.20
01[11:03] {@Threei} Long Setup:  GM  .40 break hl
01[11:03] {@Threei}  If holds  .90
[11:03] {cc_9} F wants to see the damn $14s ???
[11:04] {nemo} here are strong and weak today:  http://imageshack.com/a/img824/2629/5sz5.jpg
[11:04] {cc_9} F another new low, just lows all day
[11:04] {nemo} vrtx at vwap
[11:05] {cc_9} F 110M shares, how many more sellers are out there...
01[11:05] {@Threei}  valid still
01[11:06] {@Threei}  bounce time F, IMO
[11:06] {cc_9} F defended @ UBS
[11:06] {cc_9} F 5min, only 3 green candles all day
[11:07] {thomcbell} yes i just noticed that
[11:08] {cc_9} this UBS defense in the shares of F giving some bids, but unless it gets back over 15.50, it will do nothing, just like the BofA defense earlier
01[11:09] {@Threei}  1:1
[11:12] {cc_9} F needs to clear these .40s to get a turn around signal on 15min
[11:14] {cc_9} F 120M served
[11:14] {cc_9} sideways in mid .30s, needs break right about now
[11:15] {dino} reload enta .19
[11:16] {cc_9} F bottom is in
01[11:17] {@Threei}  1:2
[11:18] {robbers} Out GM, thanks vad.
01[11:18] {@Threei}  1:3
01[11:18] {@Threei}  yw
[11:18] {Will49} out ...nice Vad
[11:19] {Will49} now we can sit back and pray for cc
[11:20] {cc_9} yes please, need as much of it as possible.
[11:20] {cc_9} want a crack at 15.50
01[11:20] {@Threei}  what's your average?
[11:20] {cc_9} .79
[11:20] {cc_9} pretty bad
01[11:20] {@Threei}  yikes
[11:21] {Will49} you need the Pope behind you
01[11:21] {@Threei}  and marines
[11:21] {cc_9} ill start unloading .60s...if it ever goes back there
01[11:21] {@Threei}  and navy seals
[11:21] {cc_9} dont want to hold through FOMC
[11:21] {RonS} ...w/ both hands on shoulders?
[11:23] {cc_9} come on 15.50, get there and break
[11:23] {cc_9} clock working against me, 2.5 hours to go
[11:24] {cc_9} back to .30s
[11:26] {cc_9} F 50% fib puts it at 16 on the nose
[11:27] {cc_9} the 61.8% pegs it 15.80
[11:29] {cc_9} .40s back on deck, still needs 15.50 bid for turn around
[11:30] {dino} abtl sm s .60
[11:31] {cc_9} F trying to breakout now
[11:31] {nemo} nke
[11:31] {thomcbell} acting much differenly now
[11:31] {thomcbell} with market weakening
[11:32] {thomcbell} 15.75 breakdown level and 200
[11:32] {cc_9} F $0.03 to go for breakout
[11:33] {cc_9} massive wall high .40s, nobody wants to buy near the wall
[11:33] {cc_9} gonna need more volume
[11:34] {nemo} vxx creeping up
[11:35] {cc_9} SPY dumping, F for now holding through market downside
[11:36] {cc_9} massive wall .48 F
[11:37] {cc_9} .49 offers getting hit hard
[11:38] {cc_9} no takers .50, should test again in the next 500 hours to come
[11:40] {cc_9} SPY crashing, F bid holding for now
[11:42] {nemo} wow, unusual volatility for a Fed day
[11:44] {cc_9} F } $15.50 come on...
[11:45] {cc_9} F catching bids on SPY drop
[11:45] {cc_9} lets go .60s!
[11:47] {cc_9} ugh...
[11:49] {cc_9} VXX zooming
[11:50] {cc_9} F getting bot again, next leg up
[11:51] {cc_9} break of 15.60 should bring buyers back
[11:51] {cc_9} TIME TO SOAR F !
[11:52] {cc_9} give me .60s baby
[11:53] {cc_9} its go time, $0.15 and im back to being alive.
[11:55] {cc_9} F 15min : 4 consecutive green candles
[11:56] {cc_9} F breaking .60s
[11:56] {cc_9} pushhhhhhh
[11:57] {cc_9} im just gonna cheer solo
[11:57] {cc_9} GIDDY UP FORD
[12:01] {cc_9} F getting tired, SPY tanking
[12:09] {cc_9} F losing steam :(
[12:10] {cc_9} holding 15.50 for now
[12:12] {nemo} nap time cc
[12:12] {cc_9} no such thing, need .65 on F then i start dumping
[12:12] {cc_9} and take nap ahead of FOMC
[12:14] {cc_9} F volume surge on 5min
[12:14] {cc_9} crack .60s again plz
[12:14] {dino} abtl bstop to flat
[12:19] {nemo} oh oh F looks down here
[12:19] {cc_9} F no takers at .60s
[12:19] {cc_9} frek
01[12:20] {@Threei}  should break
[12:21] {cc_9} needs to hold .50 on this pullback
[12:21] {cc_9} last high was .64 offer, needs .65 bid to get a new leg up ahead of FOMC
[12:25] {cc_9} damn it F, just get through .60 you dog
[12:28] {cc_9} if F cant break %15.60 here, it will start lokoing bearish, critical price to hold remains 15.50
[12:29] {nemo} what's ur stop See See
[12:29] {nemo} ty
[12:29] {cc_9} im holding core position, but trading my way out blocks at a time for a few cents
[12:29] {cc_9} F volume on 1min
[12:30] {nemo} pillows in front of the keyboards, folks
[12:30] {cc_9} .60 offer back on deck, $0.06 for breakout
[12:31] {cc_9} F drop held , time to get a crack at .65
[12:31] {nemo} what's ur average cc?
[12:31] {cc_9} .79
[12:31] {cc_9} look @ level 2, all the FADF prints @ .60 even though offer on INET book shows .61
[12:32] {nemo} that a dark pool?
[12:32] {cc_9} i believe so yes
[12:32] {nemo} makret looking a bit iffy here
[12:32] {nemo} market
[12:32] {cc_9} the offer had 2 left before 61, but tons were going through at .60 but never upticked
[12:32] {nemo} vwap selling
[12:33] {nemo} must be big funds getting out of positions
[12:33] {nemo} anybody big getting in won't want to pay above vwap
[12:34] {cc_9} F hard time here under .60
[12:34] {cc_9} missed MU round 2
[12:34] {cc_9} perfect double bottom and bounce
[12:35] {nemo} that's likely why though.  Traders buying for large funds get higher commission buying under vwap
[12:36] {cc_9} vwap or not, i need F to break the damn .60s
[12:36] {nemo} Nature is Unkind, it treats the myriad creation like straw dogs
[12:38] {cc_9} 160M shares served on F
01[12:38] {@Threei}  break is coming now
[12:38] {cc_9} 15.60 offer back on deck
01[12:38] {@Threei}  to the theater near you
[12:38] {cc_9} must must must crack 15.65 while SPY is tanking
[12:39] {cc_9} if can crack 15.65, no wall till 15.80
[12:40] {cc_9} too big of a seller @ .60
[12:41] {dino} rlyp drop
[12:41] {cc_9} F about to test that 15.65
[12:43] {cc_9} F  ton of sellers over .60
[12:43] {cc_9} 30 minutes to test .60, 2 minutes to lose it
[12:45] {cc_9} oh goody....tanks now
[12:50] {cc_9} SPY tank, F taking heat, losing volume and buyers
[12:53] {dino} halo spike
[12:55] {cc_9} F trying to hold that .50 again here
[12:56] {cc_9} looking for HALO news so can short
[12:57] {RonS} $HALO just jumped on mention of option activity on CNBC
[12:57] {cc_9} should fade down to 13.60 and under
[12:57] {cc_9} SPY all out crash
[12:59] {cc_9} VXX not budging on this market tank, hmmm
[13:00] {dino} halo, sm s .87
[13:00] {cc_9} F crashing again
[13:00] {cc_9} SPY not helping
[13:01] {cc_9} F trying to hold up through SPY carnage
[13:02] {cc_9} big VOL F
[13:03] {cc_9} SPY massive slappathon on going
01[13:04] {@Threei}  (US) Preview: FOMC rate decision to be released at 14:00ET; Fed economic forecast at 14:00ET; Bernanke press conf at 14:30ETFOMC Statement A recent string of favorable data opens the door for tapering to start today; Most analysts see a better than 50% chance of some form of tapering beginning today, probably with a relatively modest amount on the order of a $5-15B reduction. Alternatively the Fed could set out the parameters for tapering without pulling the trigger today in order to give markets another six weeks to digest the process.
01[13:05] {@Threei}  If the tapering process does begin today, the Fed will likely throw a bone to the markets with forward guidance changes. It could include a more formalized timetable for reducing QE, which might involve stating that the QE program will continue to function "at least" through mid-2014, or it could even set a specific monthly phase out schedule through the fall. - Source TradeTheNews.com
[13:07] {cc_9} come on F, show them that you still matter, bring in money flow
[13:12] {cc_9} SPY turd flushing, F trying to hold its bids
[13:14] {cc_9} Tough call here : hold F through FOMC after seeing how its holding up vs SPY tank, or dump and re-evaluate after FOMC
[13:14] {cc_9} toughest call to make right now
[13:20] {nemo} buy puts?
[13:20] {cc_9} F no go, back to .40s
[13:20] {cc_9} putain
[13:20] {nemo} See See, I'm gonna' have to start wearing Depends, knock it off!
[13:22] {cc_9} very disappointed it could not break .65s at 12:40PM, the moment was ripe then
[13:23] {cc_9} SPY some bids, F tanking
[13:23] {cc_9} SPY tank = F holds
[13:23] {cc_9} SPY holds = F tanks
[13:23] {cc_9} the best kind of shit
[13:24] {nemo} you like flossing with barbed wire?
[13:27] {cc_9} F chart broken as far as reversal goes
[13:31] {cc_9} F all out crash, sellers stepping back in
[13:35] {cc_9} .30s
[13:37] {nemo} sorry about that cc
[13:38] {nemo} vxx looks weak at the moment...weird
[13:40] {Will49} hope he isn't going for the hemlock and water
[13:41] {nemo} he owns guns
[13:46] {cc_9} was it just me or lost mibbit connection
[13:46] {nemo} just u
[13:47] {nemo} Will thought you went to off yourself
[13:47] {cc_9} F trying a little bit here, could see .50 before FOMC
[13:47] {Will49} you OK buddy?
[13:47] {cc_9} but given my day, it probably wont even hit .48 before FOMC
[13:47] {cc_9} and ill just hold through it
[13:48] {Will49} live by the sword.....
[13:48] {cc_9} die by the trade
[13:48] {Will49} :)
[13:48] {cc_9} im going to ram my car today in the first F vehicle I see
[13:48] {nemo} BOHICA
[13:48] {Will49} LOL
[13:48] {cc_9} they want lower guidance, fine, ill help
[13:48] {nemo} you must have a class 3 toy...that would be fun
[13:50] {nemo} holy shit...we're down in the spy a whopping .27% feels like a recession out there
[13:50] {cc_9} VXX tanking ahead of FOMC
[13:50] {nemo} [13:39] {nemo} vxx looks weak at the moment...weird
[13:53] {cc_9} no taper, no taper ever, why the market even remotely thinks fed will slow down $85B a month cash infusion
[13:55] {nemo} interesting gg and gdx strong
[13:55] {Will49} everyone have their party hats and noise makers ready?
[13:55] {Will49} 4 minutes
[13:55] {nemo} can't wait for the ball to drop
01[13:55] {@Threei}  gold jusat took its off
[13:55] {cc_9} time to load up VXX and set a limit sell ahead of time
[13:55] {Will49} oh no, that's a couple of weeks away yet
[13:55] {nemo} as I said, algo had gold stocks getting hot
[13:56] {cc_9} F back to .50
[13:56] {nemo} was there once in the 70's what a madhouse...cops partying with you all night
[13:56] {cc_9} Gold going ape shit here
[13:56] {nemo} by about 10:30 there is no room to move
[13:57] {dino} trying your vxx trade , l .
[13:57] {dino} .65
[13:57] {nemo} take some off at .90 if it goes your way
[13:59] {cc_9} VOILA
[13:59] {cc_9} how you do VXX fomc trade
01[13:59] {@Threei}  taper begins
[13:59] {cc_9} HAHAHAHAHAHA
01[13:59] {@Threei}  10B
[13:59] {dino} very well, ty
[13:59] {cc_9} did you guys bank on the VXX idea ?
[13:59] {dino} out .36, +.71
[14:00] {Will49} beauty dino
[14:00] {dino} fl
[14:01] {cc_9} good work if you took the VXX idea, its always easy money on FOMC
[14:01] {cc_9} market now - direction
[14:02] {dino} 1st time i tried, nice idea
[14:02] {cc_9} yes, its great
[14:02] {nemo} dramamine time
01[14:03] {@Threei}  what if they announced no taper and it went the other way just as fast and far?
[14:03] {dino} then i'd be f#cked
[14:03] {cc_9} Vad
[14:03] {cc_9} on FOMC, there is always up/down reaction
[14:03] {cc_9} always
[14:04] {cc_9} it never takes 1 direction and stays there
[14:04] {cc_9} it pops/drops as people read into
[14:04] {cc_9} so u buy ahead, set limit to sell ahead
[14:04] {cc_9} and get taken on the knee jerk
[14:04] {nemo} cha cha cha
[14:04] {cc_9} ive been doing this same trade on VXX for a few months on every FOMC
[14:04] {nemo} agn taking off holy shit
01[14:04] {@Threei}  well, as you might know, this is not a first FOMC action I observe since 1996... {G}
[14:05] {cc_9} riveting tale chap
[14:05] {cc_9} all i care about is folks here banked on it
[14:05] {Will49} not your first rodeo, eh Vad?
[14:05] {cc_9} now, let me go sell this fucking FORD stock
[14:05] {cc_9} and call it a week
01[14:05] {@Threei}  I'd think, third, will :)
01[14:06] {@Threei}  (US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25% (AS EXPECTED): BEGINS TAPER OF $10B TO $75B OF PURCHASES BEGINNING IN JANUARY, FURTHER MEASURED STEPS ARE POSSIBLE WITH REGARDS TO TAPERING IF DATA SHOWS ONGOING IMPROVEMENT IN LABOR MARKET AND INFLATION TOWARDS TARGET '
[14:06] {cc_9} come on ford, push to .70
[14:06] {cc_9} PUSH
[14:06] {cc_9} MARKET IS GIVING A HELPING HAND
[14:06] {cc_9} PUSHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
[14:07] {Will49} everybody push
[14:07] {Will49} get out the 2X4 Vad
01[14:08] {@Threei}  2x4 is for when we are short
[14:08] {Will49} oh :(
01[14:08] {@Threei}  for long, it's army boots
[14:08] {cc_9} i have entire position to sell at .67 and .68
[14:08] {cc_9} 2 more cents...get it
06[14:08] * @Threei kicks F in the its f*** rear
[14:08] {Will49} tks
[14:09] {dino} vxx hl l .60
[14:11] {dino} out vxx .94, +.34
[14:11] {cc_9} wow...I set sell for entire position on F @ .67 and .68
[14:11] {cc_9} it goes to EXACTLY .67
[14:11] {cc_9} before fade again
01[14:13] {@Threei} Short Setup: GDX  .50 break hl
01[14:13] {@Threei}  If holds  .60
[14:14] {nemo} spy goes ex-div tomorrow night...btw
[14:15] {cc_9} i think we get another SPY rally
[14:15] {nemo} yeah, why sell if you've been holding when one more day to the dividend
01[14:16] {@Threei}  ummm
01[14:16] {@Threei}  1:2
[14:16] {cc_9} god damn it F, i cannot believe it skipped me by ONE penny.
01[14:16] {@Threei}  1:3 actuaklly but that was really too brief
01[14:16] {@Threei}  anyone caught GDX?
[14:16] {Will49} no
[14:16] {nemo} I'm telling ya' they know it's you
[14:17] {nemo} GDX was long gone
[14:20] {cc_9} load up F massive position, set sell for all position, get skipped by one penny....story of my day
[14:22] {cc_9} 14:15 cc_9 i think we get another SPY rally
[14:22] {cc_9} SPY back to near $180 on the day
[14:34] {cc_9} HeliBen is making statements
[14:34] {cc_9} SPY going to goat
[14:35] {cc_9} SPY fresh highs on heliben statements
[14:38] {cc_9} all out F
[14:39] {Will49} relax now cc
[14:40] {Will49} although it was probably painful for you, it was quite a show to observe
[14:40] {Will49} you should have sold tickets
[14:42] {cc_9} i finished ok on Ford
[14:42] {cc_9} Jesus Saves
[14:42] {Will49} good for you
[14:42] {cc_9} }implying sky daddy helped me
[14:48] {cc_9} all in all, good day
[14:48] {cc_9} i want to thank Will, dino, nemo and of course Vad
[14:48] {cc_9} for the moral support
[14:49] {Will49} you're welcome cc
[14:49] {cc_9} i will donate all my proceeds to the local synagogue
[14:49] {cc_9} and by synagogue, i mean my pocket
[14:49] {nemo} calling us moral...thaaaaaaaaaaaaaaaaaats a stretch
[14:49] {Will49} hahaha
[14:50] {cc_9} u avin' a giggle m8 ?
[14:50] {cc_9} i swer on me mum i cut ye m8
01[14:55] {@Threei}  bernanke: Janet Yellen fully supports today's actions.
01[14:55] {@Threei}  - Future tapering to come in further measures steps, will be deliberate and data dependent. Topic will be taken up at each meeting, base case scenario is for the asset purchase program to late into 2014 but ultimately the size of any further tapering decisions will be dependent on data.
[15:05] {cc_9} ugh, F wants to goat now last hour
[15:05] {nemo} 5 bil pomo tomorrow
[15:07] {cc_9} F please dont rally...nooooooooooooooo
[15:07] {nemo} bug day dude
[15:13] {cc_9} F about to go full on orange o tang
[15:14] {cc_9} damn me for selling Ford, damn me for not selling Ford
[15:14] {cc_9} ill stop complaining
[15:14] {cc_9} (unless it goes to 15.75, I will cry)
[15:14] {nemo} push me pullyou
[15:15] {nemo} no stool jokes
[15:15] {nemo} r4 spy
[15:15] {cc_9} F 16.70 ask
[15:15] {cc_9} mutilation time
01[15:16] {@Threei} Short Setup: GLD  .80 break
[15:16] {cc_9} oy vey
01[15:16] {@Threei}  hl
01[15:16] {@Threei}  If holds  .90
[15:16] {nemo} hydrashock cc
01[15:18] {@Threei}  come on GLD, let's do another rug pull
01[15:19] {@Threei}  to about .40
[15:26] {cc_9} ok guys
[15:26] {cc_9} calling it a day
[15:26] {cc_9} see you all tomorrow AM
01[15:26] {@Threei}  1:2
01[15:27] {@Threei}  nice quick drop
01[15:27] {@Threei}  1:3
01[15:27] {@Threei}  1:5
01[15:27] {@Threei}  out
01[15:27] {@Threei}  how about that to finish the day with the bang?
[15:27] {Will49} Yoweeee
01[15:28] {@Threei}  rug pull in its finest
[15:31] {Will49} still goin'
[15:32] {Will49} not
01[15:32] {@Threei}  yeah but I am nikt going to stage cc_9's style hysterics {G}
[15:36] {dino} nice 3i-ster
01[15:37] {@Threei}  :)
[15:41] {Will49} gonna run...great day Vad!
[15:41] {Will49} you were nice too nemo
[15:41] {nemo} jerk
[15:42] {dino} lol, in my neighborhood i bank asking 129,900 on foreclosure. i won it for 86,000. 2300 sq ft house, good shape
[15:42] {dino} close in 30 days
01[15:42] {@Threei}  nice deal in the making
[15:42] {dino} should make 40-50k on it
[15:43] {nemo} how long you gonna' hold it?
01[15:44] {@Threei}  wow... 1:14
[15:48] {dino} 6 months max
[15:48] {dino} renovations 30-45 days, then list it. usually takes 4-6 months to flip one up here
[15:49] {nemo} should be ready for the spring selling season, perfect
[15:49] {dino} exactly, luv getting one around holidays
[15:49] {dino} banks are dropping prices for year end, so they discount much more
[15:50] {dino} typical discount is 20%, so 34% is sweet
01[15:55] {@Threei}  ok guys, thank you, have a great evening
01[15:55] {@Threei}  see you tomorrow

Market Outlook for Dec 2013-Feb 2014: Holiday Cheer

TradeTheNews.com  Market Outlook for Dec 2013-Feb 2014: Holiday Cheer

A sense of peace has overtaken the markets in recent months. After five years, the global financial crisis seems to have been tamed and there is a genuine feeling that the economy is on the mend. Political flashpoints have cooled, economic indicators have improved, and financial markets have calmed if not normalized.

Each global region still has its problems to contend with, but they don't seem as daunting as they did a few years ago. The proverbial light at the end of the tunnel is visible and forward looking markets have been galloping toward it. This winter season is expected to bring more good tidings of economic recovery which could presage a move away from the new normal of anemic growth back to the old normal.

We may finally turn a new page in 2014 and it seems there are fewer and fewer obstacles toward that goal. This seems to be one of the rare moments in recent history when there is no looming crisis that could topple the modest economic progress that has been made over the past few years. Barring the unlikely flare up of a Great Recession era problem, it seems only an unexpected shock can derail the New Year from showing the promise that markets have predicted for it with their movements this year.

Tis the Season...to be Tapering

The tense political situation in Washington that has been a fiscal drag on the economy in the last year seems to finally be easing. The mini budget deal reached in recent days will provide some relief from the Sequesters automatic cuts but it didn't touch on more the difficult issues of entitlements or tax reform. Still if it gets through both houses of Congress with bipartisan support from the centrists it will serve as a hopeful sign that Washington can get back to governing after five years of political cock-fighting. That should help assuage the ratings agency Fitch, which is expected to resolve its ratings watch on the US AAA sovereign rating by the end of March, having threatened to cut the rating if the brinkmanship in Washington continued unabated. By the time President Obama delivers The State of the Union Address on January 28th, he may be able to claim Washington is working again, though still under the threat of another debt ceiling battle.

The budget deal under consideration will keep the government funded for two years, averting another shutdown in January, but it does not include provisions for raising the debt ceiling, which the Treasury has forecast will be hit sometime between March and June. Thus the door is still open for another dust up in Washington over the debt limit in the spring. Despite the dtente brought by the budget compromise, partisanship still simmers in the wake of Senate Democrats stripping the minority party of some filibuster powers and as the GOP continues to hammer the bungled Obamacare roll out.

This potential turbulence in Washington could be problematic for Janet Yellen's Fed. Yellen is expected to be confirmed as the next Chairman of the Fed in the week before Christmas the same week the FOMC is set to hold its next two-day policy meeting (Dec 17-18). There has been some speculation that once she is confirmed by the full Senate, Bernanke could immediately step aside and allow Yellen to chair the January meeting, leaving the next policy steps in her hands. Though the leadership under Yellen may be slightly more dovish than under Bernanke, the rotating FOMC voting membership will become decidedly more hawkish in 2014. Dallas Fed President Fisher and Philadelphia Fed President Plosser will both rotate into the voting membership at the FOMC and carry more weight for the hawkish camp, pushing Yellens toward the rhetorical center as she represents the full views of the collegial committee.

Foremost on everyone's mind these days is when the Fed will finally begin tapering its quantitative easing program (QE3). The central bank appeared to abort the tapering mission in September because of storm clouds in Washington, and looked pretty shrewd when Congress justified the Feds fears with a two week government shutdown.

After that, expectations for tapering were pushed back to the spring, but recent US economic data has emerged unscathed by the shutdown, leading many market participants to start hedging their bets that the taper could actually start this year after all, sending treasury yields a bit higher and taking some steam out of equities. It could be a close call as indicated by Fed moderates chiming in that the start of tapering is indeed on the table for the upcoming FOMC meeting.

Still the central bank is a cautious institution and more often than not it takes a wait and see stance in the absence of certainty. Many experts are still forecasting the Fed will take its time reacting to improving data, predicting the central bank will hold off on tapering until after Bernanke's "lame duck" period through January, when the Fed will be definitively under the direction of Janet Yellen. Having waited years to declare the economy is moving toward self-sustaining status, the Fed can stand wait a few more months.

Yellen is expected to put even greater emphasis on clear and transparent communications. To that end, an alternative for the December meeting would be adding some policy language that sets the table for tapering by indicating how rapidly it might take place and in what increments before actually pulling the trigger in 2014. This would give the markets another six weeks to digest the mechanics of the process before it started in the New Year.

The other communication issue that has been debated lately at the Fed is whether it might be proper to move the unemployment threshold for rate tightening action from 6.5% given that unemployment is falling faster than Fed forecasts, having reached 7.0% in the last month. An argument has been made for lowering the threshold to as low as 5.5%, but to-date the consensus at the Fed seems to be it would come off looking wishy-washy, doing more harm than good. After all, the Fed has just spent the better part of a year trying convincing markets that tapering is not a prelude to tightening and that the unemployment threshold is not a trigger, and the markets seem to be finally accepting that.

A Winter Wondering-Land

Even Europe, which has been the epicenter of the economic crisis for the last couple of years, has achieved a basic level of stability both politically and economically. The Euro Zone should emerge from recession in 2014, reducing its dampening effect on global economic growth, and Ireland has just become the first bailout program country to successfully exit its support program.

Alas, there are still some questions about Europes health. The ECB surprised markets in early November by cutting its main refi rate in half to 0.25%, characterizing it as a preemptive action against low inflation that should allow the bank to avoid more rate cuts in the future. Euro Zone CPI has slipped below 1.0%, and German month-over-month PPI data has been negative eight out of the last nine months, giving the central bank good reason to act. The stated reason for the rate cut, heading off any potential for deflation, means the monthly inflation data in Europe will be watched closely to confirm that this preemptive move by the ECB successfully staved off uncomfortably low inflation.

Another, unstated, reason for the rate cut may be that the ECB has some concerns about lingering infirmities at European banks as they prepare to undergo a major new Asset Quality Review (AQR) that is a prerequisite for the ECB taking over bank supervision and for providing those banks with direct aid from the European Stability Mechanism, the euro areas bailout fund. The AQR to be conducted in the next few months is meant to affirm the stability of European banks before they are swept under the aegis of the Single Supervisory Mechanism (SSM), one of the two pillars of the banking union intended to create more Europe. The second pillar, the Single Resolution Mechanism (SRM) is now in the final stages of negotiation and a tentative structure is expected to be announced by year end.

Despite this progress on strengthening the unity of European institutions, the continent is still struggling with the unevenness of its recovery, and is leaning more heavily on the central bank than ever. For its part, the ECB is promising that it can take more action if necessary. For months central bank officials have stated that they are technically prepared for taking deposit rates negative. They have also said they could launch another LTRO, this time revamped to encourage banks to push more of the funds into the real economy than they have from prior long term refi operations. Neither option is particularly attractive as the ECB looks on at other central banks starting to discuss the process of weaning their economies off of central bank assistance.

Meanwhile, the Bank of England, similar to the Fed, is starting to look ahead to a time in the next few years when it can unwind accommodative policy. In its forward guidance on conditions for tightening rate policy, the BOE recently took the dramatic step of moving up its expectation for reaching its 7% unemployment threshold by a full year to Q3 of 2015, and said it might even be reached by the end of 2014. The BOE also bumped up its growth forecast for next year. Further revisions to the BOEs forward guidance are unlikely in the next few months but it certainly serves as a bright spot for Europe.

Happy (Lunar) New Year!

Like other regions Asia seems to have settled in for a quiet winter. China has had an uneventful transition of power to its next generation leader, and Japans maverick PM has produced concrete results with his economic plan, though there are signs his honeymoon period could soon end.

In China, this summers concerns about the nation missing its annual growth target have melted away. After some slippage in PMI readings and other economic indicators mid-year, there were some questions about whether China might miss its official GDP growth target, despite having been eased already from the near double digits expectations of the last decade. In recent months, however, PMI numbers have returned to steady growth and China has chalked up strong trade data, alleviating concerns.

Over the last few weeks, China has held a series of high-level conclaves to set the economic policy tone of Mr. Xis government. The state controlled media declared the Communist Party plenum in November as the most important party event since the 1978 plenum that began the post-Mao era of reforms, which started the countrys economic ascendancy. The final communiquof last months plenum set out more ambitious economic reforms, for the first time calling for markets to play a decisive role in the allocation of resources. The annual Central Economic Work Conference this month maintained Chinas proactive fiscal policy and prudent monetary policy, but also promised to deepen reforms on all fronts. These efforts will include continuing Yuan exchange rate reform, addressing local government debt problems, and reducing industrial overcapacity in sectors like the steel industry. This will be a multi-year process, but the proof will be in how the government addresses rising social concerns (like pollution and working conditions) while still posting up growth figures that promise the economic miracle endures. The Q4 GDP data is due on January 8th, and should see a result solidly above the 7.5% official annual target after rebounding to 7.8% growth in Q3. After that, things should be fairly quiet out of China headed into its second New Year, the lunar celebration and Spring Festival week from January 30th through February 5th.

In Japan, PM Abe has avoided the rapid turnover in public sentiment that brought a quick end to the last several governments in Tokyo, though the latest polls show his governments popularity has slipped from over 70% earlier this year to below 50% in December. The bloom may be off the rose as more Abenomics policies come off the drawing board and face real world implementation. For example, there is some unease about tax changes, headlined by a bump in the consumption tax that starts with the new fiscal year in April. The government has sold this as a necessary part of its economic plan, raising funds to chip away at the countrys debt burden, but it may still sour many Japanese consumers if the mix of partially offsetting tax breaks isnt right.

At the same time, Tokyo is loosening some long-standing strictures on the investments made by the government pension fund (GPIF), allowing managers to diversity portfolios into more aggressive investments. There are reports that the GPIF is eyeing investments in overseas infrastructure as one new area of focus. The laxer rules for the GPIF are expected to be mirrored by other Japanese pension funds which could lead to some large fund flows in the months ahead.

With so many moving parts in Japan, its no wonder that analysts are expecting some more stimulus from the BOJ to help keep things settled. Surveys show a majority of experts now see the BOJ stepping in with additional easing in the first half of 2014 and many expect it as soon as Q1.

A few geo-political questions are wildcard risks for the Asian theater. Tensions have been ratcheted up in the regions hottest territorial dispute after China unilaterally extended its air defense zone over the East China Sea. The struggle for jurisdiction over the resource rich Senakaku Island region reached a new level as Japan and its US ally deliberately sent military aircraft through the zone in defiance of China. A military confrontation is still remote, but the more aggressive posture that China has taken has increased the chances of an accidental incident escalating into a crisis. Elsewhere in the region, North Koreas neophyte leader Kim Jong-Un reportedly arrested and summarily executed Jang Song Thaek, his uncle, mentor, and number two man for committing criminal acts of corruption. This surprise purge is said to have unsettled even North Koreas patrons in China and may be a prelude to more rash actions if the young dictator has decided to disregard (and do away with) his most senior advisors.

Holiday Surprises

The big overhangs of the last year seem to be gone: Greece is holding together and other program countries are emerging from their bailouts, Italys government has stabilized, deflation risk is being headed off by the ECB, Washington found a compromise to reduce fiscal drag, the Fed has mostly ameliorated taper fears, China has proved its resilience again, and Abenomics has jolted Japans economy back to life.

The unbalanced contour of the global recovery is still a concern. Indeed, we are at a point where some central banks are ready to cautiously declare victory and start mapping out a deliberate process for unwinding extraordinary policy accommodation, while other contemplate more stimulus. The Fed is preparing to stop growing its nearly $4 trillion balance sheet, and the BOE has accelerated its forward guidance for rate action by a full year. In contrast, the BOJ and ECB may be forced to dig even deeper into their bag of tricks early next year.

In recent weeks some traders appear to be setting up for another possible taper tantrum, taking some profits into the end of the year, but US and European stock indices are still up double digits for the year, and Japans Nikkei Index has tacked on more than 50%. The S&P500 hasnt suffered a 10% correction since August 2011 (28 months ago) as the Feds easy money policy is keeping retrenchments at bay. Corrections occur every 30 months, on average, but there have been multiyear stretches without a correction in each of the last two decades (March 2003 to October 2007, and October 1990 to October 1997, the longest ever correction-free run stretching 1,767 trading days). January will usher in a new earnings season, and even though the consensus is that stocks are fairly valued, they may have some difficultly advancing after a 25% run in 2013 with earnings up only 5%. A lot may depend on holiday shopping results, and early tallies from November same store sales were mixed at best, with this years post Thanksgiving shopping season having six fewer days than last year.

The improving data that is steering the Fed toward tapering has led to higher treasury yields in recent months as the bond market contemplates normalization. If rates continue to inch higher, markets should be able to absorb it, but a sudden jump could spook some investors, particularly when the benchmark 10-year treasury moves across the psychological barrier of 3.00%. The notion of higher rates could dampen the housing market recovery and hurt banks as homebuyers pause to recalculate the cost of a mortgage.

In energy markets the risk is to the downside. Its not Peace on Earth but the intractable issues of the Middle East have made some small headway lately. The US dodged getting drawn into a military conflict in Syria and the chemical weapons in that country are being secured. Meanwhile, Iran has come to the bargaining table looking for relief from the economic pressure of massive sanctions. With these developments oil prices have eased lower, and WTI crude is solidly below $100. Libya may help further reduce oil prices in coming months if the countrys various factions can agree on fairly sharing the oil wealth and resume full scale production and shipping of its prized sweet crude.

Forex may be the biggest market lever in the New Year. With the euro looking to end the year at its highs against the dollar near 1.38, euro strength may force the ECB to go beyond more lip service and take significant new policy action in 2014. The first six weeks of the New Year generally set either the upper or lower bound for the year in the EUR/USD, so the early 2014 range bears watching. Meanwhile, the strengthening trend in the US economy, in conjunction with the prospect of the BOJ laying on more stimulus, could revive interest in the yen carry trade. In recent surveys, analysts have predicted that the Japanese Yen could depreciate to as high as 115 against the dollar in 2014 (Deutsche Bank specifically) which may be taken as a disorderly move, and could draw a scolding from Japans G20 partners, and perhaps even reignite currency war talk.

Thus, the calm washing over the markets, bordering on complacency, may last for some months to come, but room always has to be made for surprises. The peace will eventually be broken by an unexpected event (remember Fukushima?), but until then cautious optimism will prevail.



CALENDAR

DECEMBER
16: Euro Zone CPI
17: UK CPI and PPI; US CPI
18: UK Unemployment; German Zew Sentiment Index; US Housing Starts and Building Permits; FOMC Policy Statement and press conference
19: UK Retail Sales; UK Q3 Final GDP; US Existing Home Sales; Philadelphia Fed Manufacturing; Japan Trade Balance; BOJ Policy Statement(tentative); China HSBC Flash Manufacturing PMI
20: Various Euro Zone flash Manufacturing and Services PMIs; German Ifo Business Climate; US Final Q3 GDP
23: US Personal Spending
24: US Durable Goods Orders; US Consumer Confidence; US New Home Sales
25: BOJ policy minutes; Christmas Day
26: Japan Retail Sales
27: German Retail Sales; German Unemployment; UofM Final Consumer Confidence
30: US Pending Home Sales; Japan Household Spending
31: Chicago PMI; China Manufacturing PMI

JANUARY
1: New Years Day
2: Various EU and Euro Zone PMI manufacturing readings
3: China non-manufacturing PMI

6: China HSBC manufacturing PMI; Euro Zone services PMI; US Factory Orders; US ISM non-manufacturing PMI
7: Euro Zone CPI and PPI; US Trade Balance
8: China CPI and PPI; China Q4 GDP; China Trade Balance; China Industrial Production; Japan Consumer Confidence; German Trade Balance and Factory Orders; FOMC Minutes
9: German Industrial Production; BOE policy decision; ECB policy decision
10: Euro Zone Q4 prelim GDP; US Payrolls and Unemployment


15: October 2013 US government funding deal expires (unless new budget deal passes Dec 17th)
17: UofM Prelim Consumer Confidence
20: MLK Birthday Holiday (US)
22: BOJ policy decision; BOE minutes


26: BOJ minutes
28: UK Q4 prelim GDP; US State of the Union Address
29: FOMC policy decision
30: US Q3 GDP (final); China Spring Festival/Lunar New Year through Feb 5


FEBRUARY
6: BOE policy decision; ECB policy decision
7: US Payrolls and Unemployment


11: Japan Q4 GDP
12: BOE quarterly inflation report
14: Euro Zone Q4 GDP

17: Presidents Day (US)
18: BOJ policy decision
19: BOE minutes
20: US CPI; BOJ minutes
21: European Commission economic growth forecasts

26: UK Q4 GDP
28: US Advance Q4 GDP (1st reading)

TradeTheNews

Dec 17 2013

Very nice day again, with several 1:3ers, 1:2ers and couple scalps. Main room server has been off-line, so room transcript looks a bit weird from the reserve. Those who missed e-mail, please e-mails us to ask for the reserve room address for the time being, in case server is not fixed till tomorrow.

 (Dec 17-09:09) Knower_Of_All_9: testing reserve
(Dec 17-09:10) Threei: success
(Dec 17-09:12) Will49: gm
(Dec 17-09:13) Threei: will
(Dec 17-09:14) dino: gm
(Dec 17-09:14) Threei: dino
(Dec 17-09:19) thomcbell: gm all
(Dec 17-09:20) Threei: tbell
(Dec 17-09:25) robbers: Anyone home?
(Dec 17-09:26) Threei: hey robbers
(Dec 17-09:26) Threei: only those who read their e-mail
(Dec 17-09:26) Threei: the rest is hopelessly lost in cyberspace
(Dec 17-09:26) robbers: Gm (there, I finally said it).
(Dec 17-09:26) ese: morning
(Dec 17-09:26) Threei: ese
(Dec 17-09:28) Threei: what nick nemo is going to come up with
(Dec 17-09:29) Threei: TRGT... yikes
(Dec 17-09:29) Knower_Of_All_9: Rmti slapped @ open
(Dec 17-09:29) Will49: a man who knows himself
(Dec 17-09:29) thomcbell: Fb boom
(Dec 17-09:30) Threei: Short setup C .90 break
(Dec 17-09:30) Threei: If holds 51
(Dec 17-09:31) Knower_Of_All_9: long Rmti here small
(Dec 17-09:31) Knower_Of_All_9: looking for 11.80+ tgt
(Dec 17-09:31) Threei: 1:1
(Dec 17-09:31) dino: value added of the day, gs starts meli at sell. its down from 140 in 3 weeks to 90s, now they say sell
(Dec 17-09:31) Threei: lol
(Dec 17-09:34) Knower_Of_All_9: Grabbing some Gild on this drop
(Dec 17-09:34) Threei: (US) PIMCO's El-Erian: Fed will offer some "other things" when they taper, forward guidance will be the most important point
(Dec 17-09:35) Threei: Short setup GLD .80 break hl
(Dec 17-09:35) Threei: 1:1
(Dec 17-09:35) Threei: that was fast
(Dec 17-09:35) Knower_Of_All_9: Rmti tankathon
(Dec 17-09:37) robbers: Missed it, but two nice calls to start the day.
(Dec 17-09:37) dino: irbt sm s .61 gappy
(Dec 17-09:37) Threei: 1:2
(Dec 17-09:37) Will49: miss having sound
(Dec 17-09:38) robbers: Yeah, me too, Will.
(Dec 17-09:38) Will49: you mean i have to pay attention this morning?
(Dec 17-09:38) dino: no go, stop
(Dec 17-09:39) Threei: 1:3 close enough, out
(Dec 17-09:40) Knower_Of_All_9: whoa, Rmti slappathon
(Dec 17-09:41) robbers: Slappaton, Lol.
(Dec 17-09:44) Knower_Of_All_9: Rmti back to 10
(Dec 17-09:44) Knower_Of_All_9: see if can bounce to 10.50+
(Dec 17-09:45) Knower_Of_All_9: Rmti : the pain is real
(Dec 17-09:45) Knower_Of_All_9: massive crash on pretty small volume
(Dec 17-09:46) Knower_Of_All_9: adding here for bounce to 10.50
(Dec 17-09:47) Knower_Of_All_9: come on, get through 1.30s
(Dec 17-09:47) dino: irbt sm s .61
(Dec 17-09:48) Knower_Of_All_9: I have a cost on Rmti 10.25, needless to say, it went there before pulling back again
(Dec 17-09:49) Knower_Of_All_9: Gild turding
(Dec 17-09:49) Threei: FB rug pull
(Dec 17-09:50) Knower_Of_All_9: come on Rmti...just get through 10.30 you dog...
(Dec 17-09:51) robbers: Fb to allow automatically streaming ads, announced earlier.  Fans will hate that.
(Dec 17-09:51) Threei: in their push for monetization they will start losing base it feels
(Dec 17-09:51) Knower_Of_All_9: 10.30 major wall Rmti, breaks it can go up fast
(Dec 17-09:52) robbers: Exactamente.
(Dec 17-09:52) thomcbell: gntx wow nice continuation from this one yesterday
(Dec 17-09:53) thomcbell: 33.48 long setup Gntx
(Dec 17-09:53) Threei: Facebook Said to be assisting retailers track effectiveness of advertising by informing sponsors when users who viewed a post actually made a purchase - tech blogs- Said to be " allowing retailers to run their data on customers emails, phone number - through the social network to see which ones saw an ad and then bought something."
(Dec 17-09:54) Knower_Of_All_9: Gild needs its own medication
(Dec 17-09:55) thomcbell: gntx 1:1
(Dec 17-09:55) thomcbell: didnt play though
(Dec 17-09:56) Knower_Of_All_9: Rmti going here
(Dec 17-09:57) Threei: Long Setup FB .60 break
(Dec 17-09:57) Knower_Of_All_9: needs 10.50 break for run back to 11
(Dec 17-09:57) Threei: /c .50
(Dec 17-09:58) Threei: If holds .50
(Dec 17-09:58) thomcbell: gntx not bad
(Dec 17-09:58) Knower_Of_All_9: Qihu flying
(Dec 17-09:58) thomcbell: trying to get back into the swing of things here
(Dec 17-09:59) Threei: so far so good tbell
(Dec 17-09:59) ese: nice one with gntx thom!
(Dec 17-09:59) Threei: *(US) DEC NAHB HOUSING MARKET INDEX: 58 V 55E
(Dec 17-09:59) Threei: FB 1:1
(Dec 17-10:00) robbers: Good call Vad, and ballsy, too.
(Dec 17-10:00) Threei:
(Dec 17-10:00) Threei: 1:2
(Dec 17-10:01) Knower_Of_All_9: Rmti second leg up here
(Dec 17-10:03) Threei: 1:3 close enough', out
(Dec 17-10:03) thomcbell: splk long setup 69 bbreak if holding 68.90
(Dec 17-10:03) Knower_Of_All_9: Gild crashing today
(Dec 17-10:04) Will49: out tks Vad
(Dec 17-10:05) Threei: yw
(Dec 17-10:06) Threei: ugh, missed another short on GLD
(Dec 17-10:06) Knower_Of_All_9: Rmti needs 10.45 for next leg
(Dec 17-10:06) Threei: this would have been even better one than first
(Dec 17-10:06) dino: vips drop
(Dec 17-10:08) thomcbell: splk got 1:2
(Dec 17-10:08) Knower_Of_All_9: Rmti higher lows, still needs 10.45 bid
(Dec 17-10:08) Knower_Of_All_9: Gild back over 70.00
(Dec 17-10:09) Knower_Of_All_9: Rmti, lets crack 10.50 and get our 11.00+
(Dec 17-10:10) dino: reload irbt sm s .17
(Dec 17-10:11) thomcbell: gntx
(Dec 17-10:11) thomcbell: 1:4
(Dec 17-10:12) thomcbell: splk almost 1:5
(Dec 17-10:12) Will49: well...welcome back Tbell
(Dec 17-10:12) Threei: nice one
(Dec 17-10:12) dino: cov irbt .74, +.43
(Dec 17-10:12) Will49: sweat dino
(Dec 17-10:13) Will49: sweet
(Dec 17-10:13) Will49: fruedian slip
(Dec 17-10:13) dino: ty
(Dec 17-10:13) dino: gut says 36, but a bounce first
(Dec 17-10:14) Threei: that's nothing... real freudian slip is when instead of "hon, pass me salt please" he says ""bitch, you destroyed my life"
(Dec 17-10:14) thomcbell: gntx come on
(Dec 17-10:14) Will49: hahaha
(Dec 17-10:14) Knower_Of_All_9: Rmti trouble cracking 10.50
(Dec 17-10:15) Knower_Of_All_9: staying with it and setting sells 10.55 to 10.75 in partials
(Dec 17-10:15) Threei: Long Setup GLD .90 break
(Dec 17-10:15) thomcbell: might be a short opportunity in here waiting for a setup on gntx
(Dec 17-10:15) Threei: If holds .80
(Dec 17-10:17) Threei: 1:1
(Dec 17-10:17) ese: L ctrx .50
(Dec 17-10:18) dino: irbt sm s .90
(Dec 17-10:18) Knower_Of_All_9: Gild catching some bids
(Dec 17-10:20) Threei: 1:2
(Dec 17-10:21) Threei:  *(US) CONGRESSIONAL BUDGET AGREEMENT PASSES IN INITIAL PROCEDURAL VOTE IN SENATE BY GETTING OVER 60 YES VOTES
(Dec 17-10:21) Knower_Of_All_9: Rmti momo dying, back to $10.00
(Dec 17-10:25) Will49: out tks Vad
(Dec 17-10:25) Threei:
(Dec 17-10:25) Will49: you're hitten" today
(Dec 17-10:25) Will49: hiting
(Dec 17-10:25) Knower_Of_All_9: Gild slow death
(Dec 17-10:28) Knower_Of_All_9: Rmti back under $10.00
(Dec 17-10:29) Threei: wow... GLD really takes it on a chin today
(Dec 17-10:31) Knower_Of_All_9: Spy kicked back down
(Dec 17-10:34) Knower_Of_All_9: Gild new lows...i thought the news were good on it ?
(Dec 17-10:43) Knower_Of_All_9: Ackman down $600m on Hlf thus far
(Dec 17-10:43) ese: nemo......you hangin
(Dec 17-10:43) Threei: he made a statement yesterday
(Dec 17-10:44) Threei: that auditors didn't (and weren't supposed to) answer a question whether HLF is a ponzu scheme
(Dec 17-10:44) Threei: and he is sure SEC will label them as such
(Dec 17-10:45) Knower_Of_All_9: Rmti still under $10.00, dip buyers all gone
(Dec 17-10:45) RonS: ...but it may not be in my lifetime?
(Dec 17-10:45) Threei: that's always the main issue with market stubborness...
(Dec 17-10:46) Threei: and lottery tickets
(Dec 17-10:46) Threei: where you are guaranteed to win if you play long enough
(Dec 17-10:46) Threei: but you ususlly depart sooner than win happens
(Dec 17-10:48) Knower_Of_All_9: Rmti no go, wants lows and under lows
(Dec 17-10:48) Knower_Of_All_9: Gild the tank continues
(Dec 17-10:49) Knower_Of_All_9: Spy fast flush here
(Dec 17-10:56) dino: avgo sm s .00
(Dec 17-10:57) Knower_Of_All_9: Gild absolutely no reversal yet...still tanking and hitting fresh lows
(Dec 17-10:57) Knower_Of_All_9: $2.50 dropo from open
(Dec 17-10:57) Threei: Long Setup TZA .55 break
(Dec 17-11:00) Knower_Of_All_9: welp, looks like im a bag holder on rmti
(Dec 17-11:00) Knower_Of_All_9: no bounce since second fake from 10:00am, weak bids and volume drying up
(Dec 17-11:00) Threei: If holds .48
(Dec 17-11:01) RonS: koa9...most momo biotec under pressure...pcyc...regn...etc
(Dec 17-11:02) Knower_Of_All_9: Rmti to  me was pure momo play, was simply betting on the $10.50 break for bounce, tanking back to lows now
(Dec 17-11:03) Knower_Of_All_9: Rmti $0.10 from lows...yikes, looking ultra ugly now
(Dec 17-11:03) RonS: thinking irbt invented another bitcoin or something...
(Dec 17-11:03) dino: irbt messed up. upgrade and jumps 23%
(Dec 17-11:04) Threei: *&*^%$#
(Dec 17-11:04) Threei: prepared alert for FB short on .60 break and hesitated
(Dec 17-11:05) Threei: and then it was late
(Dec 17-11:05) RonS: nah, it was that goog purchase of a screwball robot company
(Dec 17-11:06) Knower_Of_All_9: Rmti about to test Lod for either double bottom or all out dog crash
(Dec 17-11:06) RonS: http://www.usatoday.com/story/opini on/2013/12/16/google-robot-boston-dynamics-column/4045365/
(Dec 17-11:07) ese: L some more ctrx avg .52
(Dec 17-11:07) dino: irbt sm s .23
(Dec 17-11:08) Knower_Of_All_9: Rmti...is this thing even gonna see $10 again...
(Dec 17-11:08) Knower_Of_All_9: Spy holding up, Gild crashing some more
(Dec 17-11:08) ese: not for 10 years knower
(Dec 17-11:09) Knower_Of_All_9: Rmti for now, double bottom
(Dec 17-11:09) RonS: 'tis the season shouldn't knower = noel?
(Dec 17-11:10) ese: hmmmmmmmm
(Dec 17-11:10) ese: you can only answer questions like that after a few drinks
(Dec 17-11:11) RonS: mod squad in the house...
(Dec 17-11:11) Will49: run away, run away
(Dec 17-11:11) dino: gild sm l .20
(Dec 17-11:12) Messenger of Death: Is there a way to pop out the window?
(Dec 17-11:12) RonS: kicking?
(Dec 17-11:12) ese: somebody offer an opinion..........have the spyders bottomed out ya figur
(Dec 17-11:13) dino: fcn drop
(Dec 17-11:13) Messenger of Death: yeah go gorilla long ese
(Dec 17-11:13) dino: imo, no ese
(Dec 17-11:13) Knower_Of_All_9: sorry ese, watching and trading Rmti only for now till out of it, then will focus on broad market view
(Dec 17-11:13) ese: ctrx finally.........do it!
(Dec 17-11:14) RonS: tick directionless ese
(Dec 17-11:14) dino: 07 spitting out lots of rolling red
(Dec 17-11:14) ese: ya seems like that ron
(Dec 17-11:15) ese: vix not show ing much either
(Dec 17-11:31) dino: out gild .47, +.27, thx for idea konowerofall
(Dec 17-11:32) Knower_Of_All_9: good job dino
(Dec 17-11:32) Knower_Of_All_9: meanwhile, Rmti sideways with weak bid
(Dec 17-11:32) Knower_Of_All_9: I just want $10.00, that's all, not $10.05, not $10.40, not $10.01, just $10.00...
(Dec 17-11:33) RonS: Toronto Mayor Rob Ford apologizes to reporter who he accused of spying on his children - @cbcnews http://bit.ly/18ocbnl
(Dec 17-11:34) Will49:  
(Dec 17-11:35) Messenger of Death: we're listing into Fomc purgatory
(Dec 17-11:36) Knower_Of_All_9: Rmti, 9.80s back on deck
(Dec 17-11:37) Messenger of Death: crm might be a short here
(Dec 17-11:37) RonS: but are we checking it twice?
(Dec 17-11:38) Threei: lol
(Dec 17-11:38) Knower_Of_All_9: Rmti wants to try $10.00 again here
(Dec 17-11:38) RonS: alk 31 day low
(Dec 17-11:38) Knower_Of_All_9: lets see buyers back over $10.00 so I can dump
(Dec 17-11:40) Knower_Of_All_9: Just Crack $10.00 Already Merde
(Dec 17-11:40) Knower_Of_All_9: 9.99 offer
(Dec 17-11:41) Knower_Of_All_9: quelle pute
(Dec 17-11:41) Will49: make up your mind
(Dec 17-11:41) Threei: and change your nick to normal, will ya? I am so no keen on editing the log
(Dec 17-11:42) Messenger of Death: not until Cc does
(Dec 17-11:42) Threei: how about you decide in private who'son first
(Dec 17-11:42) Knower_Of_All_9: if Rmti hits 10.15
(Dec 17-11:42) Knower_Of_All_9: i will change my name and force nemo to do same
(Dec 17-11:42) Knower_Of_All_9: start cheering for 10.15
(Dec 17-11:43) Threei: when you force him, please make sure it hurts
(Dec 17-11:43) Messenger of Death: we're both Sig fans
(Dec 17-11:43) Knower_Of_All_9: like i said, show me 10.15 and ill do the rest
(Dec 17-11:44) Messenger of Death: snowing again
(Dec 17-11:45) Knower_Of_All_9: come on suckers, buy Rmti! its cheap! get some now!
(Dec 17-11:45) Knower_Of_All_9: 10.15 giddy up
(Dec 17-11:48) RonS: gild sellers just won't let it up
(Dec 17-11:48) Knower_Of_All_9: Gild Will Go
(Dec 17-11:48) Knower_Of_All_9: Trust In The Name
(Dec 17-11:49) RonS: trust rose more...
(Dec 17-11:49) Knower_Of_All_9: all out Rmti
(Dec 17-11:49) Knower_Of_All_9: yipppeeeeeeee
(Dec 17-11:49) RonS: (rosencranz & gildenstern)
(Dec 17-11:50) Knower_Of_All_9: nemo, you bastard son of an uncleless barn beast, Change Thy Name
(Dec 17-11:50) Will49: oy vea
(Dec 17-11:50) RonS: lol...ucleless barn beast...
(Dec 17-11:50) dino: mod, getting 4"-6" of snow today, after last weekends 14"
(Dec 17-11:51) RonS: 56 & sunny here...snow almost gone...
(Dec 17-11:51) Knower_Of_All_9 has left.
(Dec 17-11:51) Messenger of Death: that was an interesting spew of venom
(Dec 17-11:51) Messenger of Death has left.
(Dec 17-11:52) Bringer of Light has joined.
(Dec 17-11:52) RonS: lol
(Dec 17-11:52) See_See_9 has joined.
(Dec 17-11:52) RonS: lol
(Dec 17-11:52) Will49: you wild and crazy guys....
(Dec 17-11:52) Threei: sigh
(Dec 17-11:52) Bringer of Light: Now I sound like a New-age dipshit
(Dec 17-11:53) Bringer of Light: New phonebooks are here!
(Dec 17-11:53) See_See_9 has left.
(Dec 17-11:53) See_See_9 has joined.
(Dec 17-11:53) See_See_9: testing
(Dec 17-11:53) See_See_9: lol @ nemo
(Dec 17-11:54) Will49: you are a test
(Dec 17-11:54) See_See_9: also, Gild getting bidz
(Dec 17-11:54) RonS: blind test?
(Dec 17-11:54) See_See_9: flash app test
(Dec 17-11:54) See_See_9: was on java earlier
(Dec 17-11:54) See_See_9: now flash
(Dec 17-11:54) Will49: smell test
(Dec 17-11:54) See_See_9: Rmti defended @ Craig Hallum
(Dec 17-11:54) See_See_9: son of a %%%%%...just As I Dumped It!
(Dec 17-11:54) Bringer of Light: wow, below s3, needs to stay above .80, might be worth a bit of a reshort in that .80 area
(Dec 17-11:55) Bringer of Light: sniff test
(Dec 17-11:55) Will49: urine test
(Dec 17-11:55) Will49: con test
(Dec 17-11:55) Bringer of Light: that was so Ron, Will
(Dec 17-11:55) Will49: sheeesh..i need to go for a walk
(Dec 17-11:55) Bringer of Light: off a cliff
(Dec 17-11:56) Will49: 3 steps will do it for me
(Dec 17-11:56) See_See_9: Rmti, im now furious...
(Dec 17-11:56) See_See_9: how is it that I hold through max pain, finally dump it for peanuts, then stock gets defense at Craig Hallum and cranks 10.45
(Dec 17-11:57) See_See_9: unfreakingreal
(Dec 17-11:57) Bringer of Light: they monitor your Ip
(Dec 17-11:58) See_See_9: Look where I dumped all my shares... http://img89.imageshack.us/img89/6048/oqnf.jpg
(Dec 17-11:59) Will49: keep on eye on my stuff...be back in an hour
(Dec 17-12:03) See_See_9: Gild go go go
(Dec 17-12:06) ese: out ctrx .89 +.37  cya tomorrow
(Dec 17-12:06) RonS: gj cya ese
(Dec 17-12:07) ese: tks cya
(Dec 17-12:09) RonS: dino, u have a gild target?
(Dec 17-12:10) Threei: Short Setup FB .35 break
(Dec 17-12:10) Threei: If holds .45
(Dec 17-12:10) Threei: aggressive for .30
(Dec 17-12:12) See_See_9: Gild giddy up
(Dec 17-12:12) See_See_9: ron, fwiw, my target Gild is 70.20
(Dec 17-12:13) RonS: txs ss
(Dec 17-12:14) See_See_9: its cc
(Dec 17-12:14) See_See_9: but ss is also ok
(Dec 17-12:16) See_See_9: Gild cranking higher bids
(Dec 17-12:16) Threei: no go
(Dec 17-12:17) See_See_9: Gild .70s, lets gooooooooooooo
(Dec 17-12:17) Bringer of Light: watch vwap for re-short of gild
(Dec 17-12:17) See_See_9: shut it nemo
(Dec 17-12:17) See_See_9: Gild will go to 70.20 Vwap or Oyveywap
(Dec 17-12:17) Bringer of Light: what I say will have little bearing
(Dec 17-12:17) Bringer of Light: just info
(Dec 17-12:17) See_See_9: .75ssss
(Dec 17-12:18) See_See_9: im gona start selling partials on break of .80
(Dec 17-12:19) Threei: fair warning: starting tomorrow of server outage continues, or at the next one whenever it comes, I will delete all the lines with fake nick when post log. It's an easy operation,
(Dec 17-12:19) Threei: while replacing it with righnt one is enormous time waste.
(Dec 17-12:20) See_See_9: Gild 5min chart, candle color alternating = trending
(Dec 17-12:20) Threei: Posting it as it will bring all kinds of whackos, as they searhc for messsengers of death or bringers of light
(Dec 17-12:20) See_See_9: needs .80 to confirm the goat
(Dec 17-12:20) Bringer of Light: ok, so what's the process for "legally" changing my nick?
(Dec 17-12:20) Threei: it won't be any of this crap
(Dec 17-12:20) Bringer of Light has left.
(Dec 17-12:21) Threei: nicks that pop up in searches we don't want to attract are not accepted. You have no idea how many fishing sites were dropping by to see what's up qwith all the trout slapping
(Dec 17-12:22) Myron: better than monkey spanking
(Dec 17-12:24) robbers: Lol at both comments.
(Dec 17-12:29) Threei: Long Setup CAT .60 break
(Dec 17-12:29) Threei: If holds .50
(Dec 17-12:29) See_See_9: Gild here comes the .80s for clean breakout
(Dec 17-12:39) RonS: freakin auto-refill offers maddening gild...
(Dec 17-12:52) See_See_9: Rmti oh god...
(Dec 17-12:55) RonS: Opening of Mexico's oil fields equivalent to adding another Nigeria to world supply | http://bloom.bg/19snsnu
(Dec 17-12:55) Threei: that's encouraging
(Dec 17-12:56) See_See_9: Rmti 10.70s wtf did I do again
(Dec 17-13:05) Threei: Rob Ford strikes again...
(Dec 17-13:05) Threei: we will so miss this guy when he is out
(Dec 17-13:09) RonS: zu gone zulu
(Dec 17-13:09) Will49: guess I'm out of touch, but there are few "leaders" anywhere that deserve any respect. No accountability
(Dec 17-13:10) Will49: it's just, "oops I made a mistake, sorry" now don't bother me with ethics or morals.
(Dec 17-13:10) RonS: hon no love
(Dec 17-13:11) Threei: Ron... you are setting new records daily, lol
(Dec 17-13:11) Will49: What ever happened tp hari kari  
(Dec 17-13:11) Threei: yeah right
(Dec 17-13:12) Threei: they think it's japanese flower arrangement
(Dec 17-13:12) Will49:  
(Dec 17-13:14) RonS: yy not me?
(Dec 17-13:15) RonS: where in the heck is this?..."solarcity $scty launches Give Power Foundation to provide solar powered lighting to schools without electricity"
(Dec 17-13:16) Threei: here is an idea for them:
(Dec 17-13:16) Threei: http://africaisdonesuffering.com/wp-content/uploads/2012/08/solar-bottle-bulb.jpeg
(Dec 17-13:16) RonS: sheesh...cvlt...crime of the day
(Dec 17-13:17) Threei: that's usual plastic water bottle, filled with water and some bleach
(Dec 17-13:17) Threei: inserted in the roof
(Dec 17-13:17) RonS: Microsoft Veteran Delbene  Tapped to Run Health Care Site -by @ahess247 http://dthin.gs/1dkzdth
(Dec 17-13:18) RonS: what does that mean?  Italian for "of the good"?
(Dec 17-13:23) RonS: ulta 131 day low
(Dec 17-13:24) See_See_9: all out Gild
(Dec 17-13:24) RonS: gj
c 17-13:42) See_See_9: great exit on Gild, fading now.
(Dec 17-13:43) Threei: and he wasn't in much rush
(Dec 17-13:43) RonS: hal needs a falstaff...
(Dec 17-13:43) Threei: 'oh boy... shakespear now
(Dec 17-13:43) thomcbell has left.
(Dec 17-13:44) RonS: ya, figured only nemo was that erudite...
(Dec 17-13:44) Will49: I've been accused of having one of those Ron
(Dec 17-13:45) Will49: falstaff
(Dec 17-13:45) Threei: lol
(Dec 17-13:45) See_See_9: feeling like loading 100k Siri and taking a nap
(Dec 17-13:45) RonS: got it...at least one of their plants was where spent teen years...san jose ca...became the j lohr winery production site
(Dec 17-13:47) RonS: ya know 3i, you must have has a well rounded education...most engineers in us have never read shakepeare...as in 99%
(Dec 17-13:50) See_See_9: Dgaz slapathon
(Dec 17-13:51) Threei: You wouldn't believe, Ron...
(Dec 17-13:52) Threei: see, reading in xUSSR for the reading circles was very different from what I observe here
(Dec 17-13:52) Threei: most folks who are considered well read here have, by those old standards of ours, read very sporadically
(Dec 17-13:53) Threei: say, 3 most common Dickens books? 5?
(Dec 17-13:53) Threei: Jack, London, 1? G Wells, 1-2?
(Dec 17-13:54) Threei: In USSR, if you belonged to reading curcles, you read full collection of everything an author has written
(Dec 17-13:54) Threei: russian, amercan, french, english, spnish writers, classics of all times and nations - you read it all
(Dec 17-13:55) Threei: to me, most fairly educated folks folks here have very spotty fami,liarity with literature...
(Dec 17-13:56) See_See_9: Gild punching through 70
(Dec 17-13:57) See_See_9: like i said Ron, there goes the target on Gild
(Dec 17-13:57) See_See_9: (we both exited, which is fine since we made money)
(Dec 17-13:59) RonS: very impressive 3i...for me was a personal affinity...read "rise & fall..." at 12...had 7th grade teacher who gave extra credit for 3 books/week read (which i did)...including bruce catton's history o
(Dec 17-14:00) RonS: purposely took shakespeare as an elective...etc...became hist ory major
(Dec 17-14:01) Threei: cool
(Dec 17-14:01) RonS: ys see see gj gild call
(Dec 17-14:01) RonS: ya
(Dec 17-14:01) Will49: so Ron, you're just not another pretty face, eh?
(Dec 17-14:01) RonS: used to be...lol
(Dec 17-14:02) Will49:  
(Dec 17-14:02) Threei: hehe
(Dec 17-14:03) Threei: tell you what... if by the gentle age of 17 you haven't read full collection of Guy de Maupassant, no worthy girl would consider going out with you. That was strong stimulus  
(Dec 17-14:04) Will49: stimulus?
(Dec 17-14:04) RonS: well, my dad taught me how to lick my eyebrows at 12 and that was all i ever needed...
(Dec 17-14:04) Will49: you naughty boy Vad
(Dec 17-14:05) dino: mkto spike
(Dec 17-14:06) RonS: would say to all that "how the irish saved civilization" has been the best piecs of lit read in past 20 years
(Dec 17-14:06) RonS: ...thomas cahill...just remebered
(Dec 17-14:08) RonS: historical lit w/ best account of st patrick have ever seen and documented history of irish monks and the spread of them through europe saved countless ancients texts
(Dec 17-14:09) See_See_9: Spy goat run
(Dec 17-14:11) RonS: bingo gild 70.20 cc
(Dec 17-14:12) See_See_9: hehe
(Dec 17-14:12) RonS: tsla running over the shorts
(Dec 17-14:12) See_See_9: Where is nemo and his imaginary "vwap short" nonsense
(Dec 17-14:12) See_See_9: the goat goes 1 way, and thats outside of the barn
(Dec 17-14:12) Threei: Short Setup CAT .70 break
(Dec 17-14:12) Threei: If holds .80
(Dec 17-14:15) See_See_9: Vxx tempting on this drop
(Dec 17-14:22) Myron: sheesh why Rax so happy
(Dec 17-14:22) See_See_9: Vxx crashing hard now
(Dec 17-14:23) Threei: (US) Senator Rand Paul threatens to delay Yellen nomination, demanding vote on his 'audit the Fed' bill - Politico.com- Paul (R-KY) is threatening to use all 30 hours of debate allotted for Yellen's nomination when it comes to floor if he does not get a vote on his bill
(Dec 17-14:23) FP73. Your message was truncated for being longer than allowed by the administrator.
(Dec 17-14:23) Myron: idiot
(Dec 17-14:24) Will49: he speaks highly of you Myron
(Dec 17-14:24) Myron: well, of course, everyone does
(Dec 17-14:24) RonS: ...feldstein?
(Dec 17-14:25) RonS: ...scholes?
(Dec 17-14:26) Threei: (US) Washington DC city council unanimously approves raising minimum wage to $11.50/hr in 2016; from the $8.25/hr current level and thereafter will be indexed for inflation
(Dec 17-14:27) Threei: funny... it will cause inflation and indexed for inglation is causes?
(Dec 17-14:27) Threei: it
(Dec 17-14:27) See_See_9: Xiv monstering
(Dec 17-14:27) See_See_9: im gona take a small first position in Vxx here 47.10
(Dec 17-14:28) See_See_9: Xiv straight up, needs a little pullback
(Dec 17-14:30) See_See_9: the days i need Xiv to move $0.10 i  have to beg
(Dec 17-14:30) See_See_9: today its flying $1.00
(Dec 17-14:30) See_See_9: and not in
(Dec 17-14:30) See_See_9: trying my luck with Vxx
(Dec 17-14:30) Myron: 46.70is yesterday's low vxx
(Dec 17-14:32) See_See_9: Spy dumping here
(Dec 17-14:32) See_See_9: Vxx no bids, unreal
(Dec 17-14:33) Threei:  (US) Senate Minority Leader McConnell will not vote for Fed nominee Yellen this week- McConnell has concerns about Yellen's commitment to a strong dollar.
(Dec 17-14:33) Threei: why, she is committed to killing it
(Dec 17-14:35) See_See_9: Spy losing bids, Vxx not catching any...sob
(Dec 17-14:36) See_See_9: coem on Vxx, give me 47.40
(Dec 17-14:39) Threei: 1:1
(Dec 17-14:39) Myron: http://lat.ms/1hhlitb
(Dec 17-14:43) Will49 has left.
(Dec 17-14:43) Will49 has joined.
(Dec 17-14:43) Will49: jeez that's annoying
(Dec 17-14:43) Threei: what is?
(Dec 17-14:43) Will49: losing server connection
(Dec 17-14:44) See_See_9: Vxx should be getting a pop here
(Dec 17-14:51) See_See_9: there we go!
(Dec 17-14:51) See_See_9: giddy up Vxx
(Dec 17-14:52) See_See_9: order to sell Vxx 47.32, second order 47.46
(Dec 17-15:00) See_See_9: out 20k Siri for $0.02
(Dec 17-15:00) See_See_9: happier than a clam
(Dec 17-15:00) Threei: lol
(Dec 17-15:02) See_See_9: seriously...this is a trade i can do all day everyday
(Dec 17-15:02) See_See_9: Siri popped on 11M block
(Dec 17-15:05) Myron: to hedge, or not to hedge, that is the question
(Dec 17-15:05) Myron: whether it 'tis nobler to go nakedly positioned into the maw of the Fomc
(Dec 17-15:07) See_See_9: i should have done 100k in Siri as I said I would
(Dec 17-15:07) See_See_9: panzy 20k block, god %%%%% it
(Dec 17-15:07) RonS: papa umm maw maw?
(Dec 17-15:08) Myron: so tomorrow should be an hour worth of activity and 3.5 hours of mind numbing boredom
(Dec 17-15:10) robbers has left.
(Dec 17-15:10) See_See_9: tomorrow dont forget
(Dec 17-15:10) See_See_9: right @ Fomc
(Dec 17-15:10) See_See_9: buy Vxx and sell the direction
(Dec 17-15:11) Myron: don't they usually try to shake you on direction first?
(Dec 17-15:12) dino: usually 2 or 3 big moves
(Dec 17-15:12) Myron: yeah, the cha cha cha, enter on the third "cha"
(Dec 17-15:14) Threei: Long Setup TNA .10 break hl
(Dec 17-15:15) Threei: If holds 69
(Dec 17-15:20) See_See_9: out Vxx, piece of crap
(Dec 17-15:21) Threei: 1:1
(Dec 17-15:35) Threei: Short Setup GLD .80 break hl
(Dec 17-15:36) Threei: If holds .90
(Dec 17-15:43) Threei: stop .86
(Dec 17-15:45) See_See_9: ok guys
(Dec 17-15:46) See_See_9: have a great Eod
(Dec 17-15:46) See_See_9: see you all tomorro
(Dec 17-15:46) See_See_9 has left.
(Dec 17-15:46) Will49: L8r
(Dec 17-15:47) Myron: yeah....won't be here in the morning...p&q
(Dec 17-15:47) Threei: intend to sleep in?
(Dec 17-15:47) Myron: no...try and kill somethin'
(Dec 17-15:47) Threei: ah
(Dec 17-15:48) Will49: have to mind the P&qs eh?
(Dec 17-15:48) Myron: sleep in?
(Dec 17-15:48) Myron: I'm lucky to ever sleep past 7 am
(Dec 17-15:48) Myron: no will, that's Peace & Quiet
(Dec 17-15:48) Will49: ahhh
(Dec 17-15:48) Threei: he is a bringer of light, will...
(Dec 17-15:48) Myron: the older I get, the more I want
(Dec 17-15:48) Will49: oh forgot
(Dec 17-15:49) Myron: Gawd knows what I'll be tomorrow
(Dec 17-15:49) Will49: here?
(Dec 17-15:49) Myron: correct
(Dec 17-15:49) dino: tired of it, out remaining irbt .60, +.30. thought it woulg get to 36, but guess not
(Dec 17-15:49) Threei: if you will be something else, I will weed you out
(Dec 17-15:49) Myron: If we're back in the usual asylum...i'll be the same old me
(Dec 17-15:49) Threei: hasve some respect for my time, will ya
(Dec 17-15:49) Myron: I'll be Violet
(Dec 17-15:49) Myron: or Chrysanthemum
(Dec 17-15:50) Threei: I need this editing as a hole in my head
(Dec 17-15:50) Myron: perhaps Nirvana
(Dec 17-15:50) Myron: Boddhisatva?
(Dec 17-15:50) Will49: if we catch you in another room, you'll be arrested
(Dec 17-15:50) Myron: right
(Dec 17-15:50) Myron: and exactly who is going to try that
(Dec 17-15:50) Will49: you'd be surprised
(Dec 17-15:50) Myron: or they wil
(Dec 17-15:51) Myron: Will
(Dec 17-15:51) Will49: Russians
(Dec 17-15:51) Myron: I have my own Russians
(Dec 17-15:51) Will49: I'll have my Russians call your Russians
(Dec 17-15:52) dino: gn all
(Dec 17-15:52) Will49: peace
(Dec 17-15:52) Threei: take care dino
(Dec 17-15:52) dino has left.
(Dec 17-15:52) Will49: peace and quiet
(Dec 17-15:52) Threei: covering GLD for a scalp
(Dec 17-15:52) Threei: thanks guys, decent day again
(Dec 17-15:52) Threei: see you tomorrow
(Dec 17-15:53) Will49: cheers Vad...good day
(Dec 17-13:24) RonS: guess dino vanished...
(Dec 17-13:25) RonS: ...lost in snow...
(Dec 17-13:25) See_See_9: thanks Ron
(Dec 17-13:25) See_See_9: you still in ?
(Dec 17-13:25) RonS: no, bailed on a trail at .65...still +.41
(Dec 17-13:26) See_See_9: good
(Dec 17-13:26) RonS: hal liz taylor'd
(Dec 17-13:27) Will49: died?
(Dec 17-13:29) RonS: nah, something else but when started typing it  out realized even i thought it was stupid so could not post
(Dec 17-13:30) Will49: well...if you think that...
(Dec 17-13:30) RonS: ya, no kidding...nemo would have had a freakin heart attack...
(Dec 17-13:32) Threei: and the thought of that stopped you from typing??
(Dec 17-13:33) RonS: no, it was so stupid it was darn right embarrassing...
(Dec 17-13:34) RonS: ...to do w/ Richard Burton and Liz Taylor...
(Dec 17-13:34) Will49: i just pulled a ron. Typed a silly response and thought better of it
(Dec 17-13:35) Will49: if only Rob Ford could learn that technique
(Dec 17-13:35) See_See_9: Iwm needs a little pullback don;t you guys think ?
(Dec 17-13:36) Threei: we would have been robbed of hours of entertaintment
(Dec 17-13:36) Will49: and embarras ment
(Dec 17-13:36) Will49: I'm still not over Justin Bieber
(Dec 17-13:37) Threei: just you wait for another justin
(Dec 17-13:37) Will49: Canada's inferiority complex can't take much more
(Dec 17-13:37) Will49: yeah...forgot about him
(Dec 17-13:37) See_See_9: Canada is superior to the Us by all metrics actually.
(Dec 17-13:37) Will49: our answer to Obummer
(Dec 17-13:37) Threei: that one will really put us on a map
(Dec 17-13:38) Threei: country of potheads
(Dec 17-13:38) Threei: where smoking pot gets you elected
(Dec 17-13:38) Will49: right cc, we have the biggest inferiority complex in the world
(Dec 17-13:38) RonS: lol... North Korean officials praise Kim, pledge loyalty days after purge ended with execution of uncle | http://bloom.bg/javotq
(Dec 17-13:38) Threei: of course they do...
(Dec 17-13:39) Threei: ever heard about how Stalin's speeches were met and greeted by the audience?
(Dec 17-13:39) Threei: standing ovation would start,
(Dec 17-13:39) Threei: and then this happened:
(Dec 17-13:40) Threei: each member of audience felt that stopping applause first could have mean the end of carreer at bestm, life most likely,
(Dec 17-13:40) Threei: ad it indicated that he appreacited the dear leader the least.
(Dec 17-13:41) Threei: So, they stood and applauded.
(Dec 17-13:41) Threei: 5 min, 10, 15
(Dec 17-13:41) Threei: no one had the guts to stop first,
(Dec 17-13:41) Threei: everyone would look at the next,
(Dec 17-13:41) Threei: and no one could stop.
(Dec 17-13:42) Threei: In 20 -25 min weakest ones started losing balance
(Dec 17-13:42) RonS: lol
(Dec 17-13:42) Threei: older guys couldn't stand anymore
(Dec 17-13:42) Threei: but the only signal to stop was Stalin himself gesturing "enough"
(Dec 17-13:42) See_See_9: great exit on Gild, fading now.
(Dec 17-13:43) Threei: and he wasn't in much rush
(Dec 17-13:43) RonS: hal needs a falstaff...
(Dec 17-13:43) Threei: 'oh boy... shakespear now
(Dec 17-13:43) thomcbell has left.
(Dec 17-13:44) RonS: ya, figured only nemo was that erudite...
(Dec 17-13:44) Will49: I've been accused of having one of those Ron
(Dec 17-13:45) Will49: falstaff
(Dec 17-13:45) Threei: lol
(Dec 17-13:45) See_See_9: feeling like loading 100k Siri and taking a nap
(Dec 17-13:45) RonS: got it...at least one of their plants was where spent teen years...san jose ca...became the j lohr winery production site
(Dec 17-13:47) RonS: ya know 3i, you must have has a well rounded education...most engineers in us have never read shakepeare...as in 99%
(Dec 17-13:50) See_See_9: Dgaz slapathon
(Dec 17-13:51) Threei: You wouldn't believe, Ron...
(Dec 17-13:52) Threei: see, reading in xUSSR for the reading circles was very different from what I observe here
(Dec 17-13:52) Threei: most folks who are considered well read here have, by those old standards of ours, read very sporadically
(Dec 17-13:53) Threei: say, 3 most common Dickens books? 5?
(Dec 17-13:53) Threei: Jack, London, 1? G Wells, 1-2?
(Dec 17-13:54) Threei: In USSR, if you belonged to reading curcles, you read full collection of everything an author has written
(Dec 17-13:54) Threei: russian, amercan, french, english, spnish writers, classics of all times and nations - you read it all
(Dec 17-13:55) Threei: to me, most fairly educated folks folks here have very spotty fami,liarity with literature...
(Dec 17-13:56) See_See_9: Gild punching through 70
(Dec 17-13:57) See_See_9: like i said Ron, there goes the target on Gild
(Dec 17-13:57) See_See_9: (we both exited, which is fine since we made money)
(Dec 17-13:59) RonS: very impressive 3i...for me was a personal affinity...read "rise & fall..." at 12...had 7th grade teacher who gave extra credit for 3 books/week read (which i did)...including bruce catton's history o
(Dec 17-14:00) RonS: purposely took shakespeare as an elective...etc...became hist ory major
(Dec 17-14:01) Threei: cool
(Dec 17-14:01) RonS: ys see see gj gild call
(Dec 17-14:01) RonS: ya
(Dec 17-14:01) Will49: so Ron, you're just not another pretty face, eh?
(Dec 17-14:01) RonS: used to be...lol
(Dec 17-14:02) Will49:  
(Dec 17-14:02) Threei: hehe
(Dec 17-14:03) Threei: tell you what... if by the gentle age of 17 you haven't read full collection of Guy de Maupassant, no worthy girl would consider going out with you. That was strong stimulus  
(Dec 17-14:04) Will49: stimulus?
(Dec 17-14:04) RonS: well, my dad taught me how to lick my eyebrows at 12 and that was all i ever needed...
(Dec 17-14:04) Will49: you naughty boy Vad
(Dec 17-14:05) dino: mkto spike
(Dec 17-14:06) RonS: would say to all that "how the irish saved civilization" has been the best piecs of lit read in past 20 years
(Dec 17-14:06) RonS: ...thomas cahill...just remebered
(Dec 17-14:08) RonS: historical lit w/ best account of st patrick have ever seen and documented history of irish monks and the spread of them through europe saved countless ancients texts
(Dec 17-14:09) See_See_9: Spy goat run
(Dec 17-14:11) RonS: bingo gild 70.20 cc
(Dec 17-14:12) See_See_9: hehe
(Dec 17-14:12) RonS: tsla running over the shorts
(Dec 17-14:12) See_See_9: Where is nemo and his imaginary "vwap short" nonsense
(Dec 17-14:12) See_See_9: the goat goes 1 way, and thats outside of the barn
(Dec 17-14:12) Threei: Short Setup CAT .70 break
(Dec 17-14:12) Threei: If holds .80
(Dec 17-10:03) thomcbell: splk long setup 69 bbreak if holding 68.90
(Dec 17-10:03) Knower_Of_All_9: Gild crashing today
(Dec 17-10:04) Will49: out tks Vad
(Dec 17-10:05) Threei: yw