Monday, September 29, 2014

Sept 29 2014

Topping pattern, minimal risk for a large reward

And, right after:

(Chart courtesy of a broker)

Session Time: Mon Sep 29 00:00:00 2014
[09:03] {cosmo} so do I get the day off today?
01[09:04] {@Threei}  why?
[09:04] {cosmo} that thing i did yeaterday... ya know
01[09:04] {@Threei}  you overestimate my memory span
01[09:05] {@Threei}  yesterday?? :)
[09:05] {cosmo} with the @ symbol o the nick list
[09:05] {cosmo} on
[09:05] {dino} gm
01[09:05] {@Threei}  dino :)
[09:18] {troub} good morning
01[09:19] {@Threei}  troub :)
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:25] {jfjf64} mornin
01[09:25] {@Threei}  jf :)
[09:25] {RonS} hello
[09:25] {jfjf64} how do I inbox v
01[09:25] {@Threei}  ron :)
01[09:26] {@Threei}  doubleclick my name
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -AMBI +90% (being acquired by Daiichi Sankyo for $15/shr)
01[09:26] {@Threei}  -DWA +28% (Softbank reportedly in talks to purchase the company for $32/shr)
01[09:26] {@Threei}  -ATHL +25% (being acquired by ECA for $5.93B cash)
01[09:26] {@Threei}  -TIBX +22% (to be acquired by Vista Equity Partners for $24/shr)
01[09:26] {@Threei}  -EXEL +19% (announced positive results from Phase III trial of Cobimetinib)
01[09:26] {@Threei}  -ALIM +18% (FDA approve Iluvien in treating chronic diabetic macular edema)
01[09:26] {@Threei}  -HEB +13% (expanded research on potential Ebola treatments)
01[09:26] {@Threei}  -ECYT +12% (positive survival data treating Adenocarcinoma
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -CVEO -30% (reaffirms 3Q Rev guidance; moving domicile to Canada)
01[09:26] {@Threei}  -ELGX -4.5% (earnings)
01[09:26] {@Threei}  -EWZ -6.5% (Brazil election speculation/polls and economic outlook)
01[09:26] {@Threei}  -TNXP -49% (data)
01[09:28] {@Threei}  ITMN Halted, information request
[09:29] {RonS} cveo pounded i guess over this eca deal
01[09:30] {@Threei}  {@Threei} -CVEO -30% (reaffirms 3Q Rev guidance; moving domicile to Canada)
01[09:31] {@Threei} Short Setup: FCX  .35 break
01[09:31] {@Threei}  If holds  .45
[09:32] {ese} well well...a pre october tank
01[09:34] {@Threei}  hopefully
[09:34] {ese} corection time....8 days so far look like........
01[09:36] {@Threei}  no go
[09:36] {dino} gap 300 pts lower dji
[09:36] {ese} "I ain't got nothin but love girl....eight days a week".....Beatles
[09:36] {dino} 195.70 spy gap
01[09:38] {@Threei} Short Setup: PRU  .50 break hl
01[09:38] {@Threei}  spread...
01[09:38] {@Threei}  disregard
01[09:39] {@Threei} Short Setup: AIG  .80 break
[09:39] {nemo} weird morning
01[09:39] {@Threei}  If holds  .90
[09:42] {nemo} ist the market trading?
[09:43] {ese} it miht it to ya?
[09:43] {ese} might
[09:44] {ese} 06:39 (HK) Reportedly the China Peoples Liberation Army has given the Hong Kong Police 48 hours to stop the demonstrations in Hong Kong before it intervenes; separate reports say military units are moving into Shenzhen - China press - Source
[09:45] {ese} nice place to live.....
[09:46] {dino} crzo sm l .35
01[09:47] {@Threei} Short Setup: FB  .70 break
[09:47] {dino} ironic, "lieberation" army
01[09:47] {@Threei}  If holds  .75
[09:47] {dino} db l .76
01[09:48] {@Threei}  1:1
[09:48] {dino} gj
01[09:48] {@Threei}  1:2
01[09:48] {@Threei}  1:3
01[09:48] {@Threei}  out
[09:48] {dino} pcrx smr l .75 wide
01[09:48] {@Threei}  not bad for 5 cents risk
01[09:50] {@Threei}  trail AIG to .86
01[09:51] {@Threei}  getting annoyed with it
[09:51] {jfjf64} keeptalkin bout it
01[09:51] {@Threei}  lol
[09:53] {dino} out pcrx .37,
[09:53] {dino} +.62
01[09:53] {@Threei}  "Don't try to teach a pig to sing. It will frustrate you, annoy the pig and delay the damned BBQ!"
01[09:53] {@Threei}  wtg
[09:53] {jfjf64} lol
[09:54] {dino} ty
[09:58] {dino} added vxx puts
01[10:00] {@Threei}  (US) AUG PENDING HOME SALES M/M: -1.0% V -0.5%E; Y/Y: -4.1% V -1.4%E
01[10:01] {@Threei} Long Setup:  CAT  ,20 break
01[10:01] {@Threei}  If holds  .10
01[10:02] {@Threei}  ugh
01[10:10] {@Threei} Long Setup:  IWM  .35 break
01[10:10] {@Threei}  If holds  .25
01[10:11] {@Threei}  1:1
[10:12] {nemo} ADBE looks short
[10:13] {nemo} or two way
01[10:16] {@Threei}  come on IWM, you can do better than this
01[10:17] {@Threei}  take .50 and...
01[10:17] {@Threei}  good girl
01[10:17] {@Threei}  1:2
01[10:18] {@Threei}  1:4 in your near future, IWM (gypsy told me)
01[10:19] {@Threei}  1:3
01[10:19] {@Threei}  and last spike please
01[10:19] {@Threei}  1:4 close enough
01[10:19] {@Threei}  out
[10:24] {dino} out crzo .65,+.30
01[10:25] {@Threei}  nice
[10:26] {dino} ty
01[10:26] {@Threei}  not bad first hour
[10:26] {jfjf64} ty
01[10:26] {@Threei}  small losses, large wins
[10:26] {nemo} considering how dead the market is
[10:26] {nemo} strength starting to build though
[10:27] {jfjf64} I think I read that in trading book small losses large wins
[10:27] {jfjf64} nice
[10:27] {jfjf64} no time for pig on bbq
[10:29] {jfjf64} cat 5 mi looks like up
[10:38] {ese} L amag .948 1/2
[10:40] {RonS} took crzo .29 out .85 +.56  thanks dino
[10:40] {ese} nice one ron
[10:41] {dino} ron, gj, yw
[10:55] {jfjf64} hey anybody there
01[10:55] {@Threei}  nope
[10:55] {jfjf64} k
01[10:58] {@Threei} Long Setup:  VXX  .45 break
[11:01] {ese} i got cut off jf....but am back like bad breath
[11:01] {nemo} more like Herpes
[11:01] {ese} lol
[11:02] {jfjf64} lol
[11:02] {ese} stopped amag .81 -.13  should've taken the hundred when i had the chance....
[11:02] {jfjf64} thought I did also
[11:02] {ese} ah well first day back....gotta get the cobwebs out
01[11:02] {@Threei}  lol
06[11:05] * @Threei sends ese a broom to deal with those cobwebs (wife said she won't need it today)
01[11:06] {@Threei}  no go
01[11:09] {@Threei}  things slowed down
[11:13] {dino} marketes going for open gap
[11:13] {dino} markets
01[11:16] {@Threei}  still btfd
[11:16] {dino} comp filled
[11:16] {nemo} was just gonna' say that Vad, SPY recovering the 50 day now
01[11:16] {@Threei}  yeah, impressive strength
01[11:23] {@Threei}  Geopolitical tensions in various other global hotspots are also in focus this morning. In Ukraine, more clashes over the weekend between government and pro-Russian separatists left 12 people dead, making the ceasefire look even more hollow. In France, a member of the ultra-right National Front has been elected to the Senate for the first time. In Spain, Catalan leader Artur Mas has signed a decree to hold an independence vote for the region on November 9th
[11:24] {dino} out db .89, +.13
[11:24] {cosmo} Just don't let Spain count the votes...
01[11:25] {@Threei}  Putin will gladly do it for them
01[11:25] {@Threei}  93% for separation
01[11:26] {@Threei}  he offered his services to Scotland, they refused and regretted ever since
[11:26] {cosmo} should be a lesson
[11:30] {ese} hey thanks for the broom......can make use of that for off ....cya tomorrow
[11:31] {nemo} like to use it as a suppository for him
01[11:33] {@Threei}  North Korea's authoritarian leader makes no public appearances for three weeks, skipping a high-profile event he usually attends. An official documentary shows him limping and overweight and mentions his "discomfort."
01[11:35] {@Threei}  In a documentary with footage from August that showed a limping Kim inspecting a tile factory, "Our marshal continues to light the path for the people like a flame despite his discomfort," a narrator said.
01[11:35] {@Threei}  lol
01[11:35] {@Threei}  what a wording
[11:36] {dino} keep them uneducated and they believe anything
01[11:44] {@Threei} Long Setup:  JPM  .42 break
01[11:44] {@Threei}  If holds  .35
01[11:58] {@Threei}  hey... we are up 2 cents!
01[11:58] {@Threei}  isn't it exciting?
01[12:07] {@Threei}  meh
01[12:07] {@Threei}  not exciting
[12:30] {nemo} IWM VWAP bounce possible
01[12:35] {@Threei}  interestingly enough, this was the case where shorting dull market would have worked
[12:36] {nemo} finnies IWM SPY @VWAP
01[12:38] {@Threei} Long Setup:  IWM  .60 break
01[12:39] {@Threei}  If holds  .50
01[12:49] {@Threei}  half out
01[12:50] {@Threei}  stop .54
01[12:50] {@Threei}  1:1
01[12:50] {@Threei}  to .59
01[12:52] {@Threei}  1/4 more out
01[12:52] {@Threei}  btw, Logix users, note that this pop-up for partial selling is not disappearing if you click away, so you can prepare it in advance
[12:53] {jfjf64} ?
01[12:53] {@Threei}  which part?
01[12:54] {@Threei}  pop-up menus are usually stay on only while you are hovering
[12:54] {jfjf64} correct
01[12:54] {@Threei}  if you move your mouse or click away, they disappear
[12:54] {jfjf64} cant go anywhere else
01[12:54] {@Threei}  this makes them inconvenient, as you would have to keep the cursor on them
01[12:54] {@Threei}  this oen is not
01[12:55] {@Threei}  clickm it pops up,
01[12:55] {@Threei}  do whateever you want elsewehere, it remains
[12:55] {jfjf64} lets try
01[12:55] {@Threei}  so when it's time to sell 50% or 100%, return cursor to it and click
01[12:58] {@Threei}  works, jf?
[12:58] {jfjf64} yes sir
01[12:58] {@Threei}  :)
[12:58] {jfjf64} works nicely
01[12:59] {@Threei}  stop .64 for now
[13:01] {nemo} BBBY
01[13:19] {@Threei} Long Setup:  JPM  .25 break
01[13:19] {@Threei}  If holds  .15
01[13:29] {@Threei}  stop to .19
01[13:30] {@Threei}  1:1
01[13:30] {@Threei}  to .24
01[14:11] {@Threei}  (ES) Spain Constitutional Court reportedly suspends Catalonia's move to set up an independence referendum - press ***Earlier today, Spain government asked the Constitutional Court to declare Catalonia referendum illegal
01[14:13] {@Threei}  [FB] Announces the launch of Atlas advertising network - company blog Atlas delivers people-based marketing, helping marketers reach real people across devices, platforms and publishers. Atlas can now connect online campaigns to actual offline sales, ultimately proving the real impact that digital campaigns have in driving incremental reach and new sales.
[14:16] {nathan} hi gents
01[14:16] {@Threei}  hey nathan
[14:17] {nathan} nice shots this morning: FB, IWM...
[14:24] {nemo} bounce time?
01[14:25] {@Threei}  yes but I'd rather look to short the top of the bounce
[14:31] {nemo} SPY having trouble with VWAP
[14:31] {nemo} neither finnies nor IWM can get back to VWAP so far
01[14:41] {@Threei} Long Setup:  VXX  .20 break
01[14:41] {@Threei}  If holds  .15
01[14:42] {@Threei}  fast...
01[14:42] {@Threei}  .25 break is valid too
01[14:42] {@Threei}  just wanted aggressive
[14:47] {nathan} still valid 3i?
01[14:48] {@Threei}  if holding .15
01[14:54] {@Threei}  let's go VXX
01[14:54] {@Threei}  die SPY
[14:56] {nathan} snif snif...
01[14:57] {@Threei}  sigh
[15:00] {dino} markets can't make up their minds
[15:01] {dino} altho 07 scrolling green
[15:07] {nemo} guess we should have gone with my bottom call
[15:13] {nemo} spy likely would like to hold the 50 day
01[15:15] {@Threei} Long Setup:  VXX  .80 break
01[15:15] {@Threei}  If holds  .70
01[15:19] {@Threei}  sheesh
01[15:19] {@Threei}  afternoon is totally out of whack
[15:21] {nemo} 50 day .70ish
[15:23] {dino} no kidding, bounces, drops, bounces...
[15:23] {nemo} SPY touched 50 day
[15:23] {nemo} it went to S1, now to 50 day
01[15:24] {@Threei}  last try
01[15:24] {@Threei} Long Setup:  VXX  .50 break
01[15:25] {@Threei}  If holds  .40
01[15:27] {@Threei}  come on SPY, it's time
01[15:27] {@Threei}  VXX clear sailing to .80
[15:30] {nemo} interesting no-man's land above the  50 day and just below 198
01[15:30] {@Threei}  1:1
[15:34] {dino} good read on vxx, i had us going green
01[15:34] {@Threei}  want .80...
01[15:34] {@Threei}  chart is clear up to that
[15:34] {nemo} likely VWAP ceiling at .72
01[15:41] {@Threei}  1:2
01[15:43] {@Threei}  1:3
01[15:43] {@Threei}  whew
01[15:44] {@Threei}  got my last play
[15:44] {jfjf64} nice
06[15:44] * @Threei throws a 25-lbs dumbell at nemo
06[15:45] * @Threei changes his mind, takes that one back and throws 40 lb one instead
01[15:55] {@Threei}  thank you all
01[15:55] {@Threei}  have a good evening, see you tomorrow

Friday, September 26, 2014

Market Week Wrap-up  Weekly Market UpdateSeptember Volatility Strikes

Fri, 26 Sep 2014 16:18 PM EST

September has once again proved its reputation for volatility, as global equity indices swung sharply from big gains to big losses this week. After pushing out to new all-time highs last Friday, the S&P500 was unable to hold above 2000 and sharp and punishing declines slammed the index below its 50-day moving average. Besides technical levels, there was no obvious catalyst for the move lower. Rumors circulated about the liquidation of a big institutional position or a hedge fund blowing up, but there was never any reporting to confirm such events. Others attributed the moves to anticipation of the Fed's rate lift off next year and to Russia threatening more counter-sanctions that might tip Europe into recession. Then on Friday, the S&P500 rapidly gained in the final hours of trade, again on no identifiable catalyst. US data out this week was very good, while Europe looked weaker than ever. For the week the DJIA lost 1%, the S&P500 dropped 1.4% and the Nasdaq dipped 1.5%.

The final revisions to second quarter US GDP were in line with expectations, at +4.6% versus the +4.2% preliminary reading, matching the fourth quarter of 2011 as the fastest quarterly growth rate since 2006. Analysts caution the data needs to be viewed in the context of the -2.1% first quarter GDP, which would put the average growth rate for the first half of the year at an unimpressive +1.2%. Early indications are that the third quarter growth estimate will be 3% or more. One point is clear, businesses are starting to invest for growth: in the final revision, business investment rose 9.7%, up from the +8.4% preliminary figure.

August new home sales (504K v 430Ke) rose to a six-year high, while existing home sales (5.05M v 5.20Me) fell for the first time in four months. Analysts noted the strong regional variations in the new home sales data, with sales up big in the south and west but down slightly in the northeast. Sales were flat in the Midwest. Regarding the existing homes sales data, the NAR noted that there was a marked decline in all-cash sales to investors.

The continuing rise of the dollar despite the equity selloff was a central theme this week. EUR/USD pushed out to 22-month lows on of Friday, around 1.2680. Good US economic data, highlighted by the second quarter GDP, contrasted sharply with another round of dismal European numbers, including the September German IFO survey at 18-month lows and September PMI manufacturing right at the flat-line. USD/JPY was at a six-year high, around 109.50. The dollar Index made its 11th-consecutive weekly gain, just shy of 86. Note that WTI crude move up off lows in the $91 handle on Monday, to close out the week around $93.50.

Apple said that its first weekend of iPhone 6/6+ sales were above 10M units, compared to estimates ranging from 6.5 million to 10.0 million units (first weekend iPhone 5 sales topped 9.0 million devices, including China). The iPhone 6/6+ numbers did not include China, where the model was still waiting for approvals from regulators. There were reports that China sales would begin around October 10th; analysts expect about 2.75 million units in initial sales in China.

BlackBerry launched its new PassPort smartphone, perhaps its final chance to regain a foothold in the mobile device market. The aggressively square touchscreen device features a physical QWERTY "touch-enabled" keyboard, comprising its main selling point over Android and iOS devices. In second quarter results out this week, BlackBerry managed to get very close to non-gaap profitability even as revenue missed expectations. Unit sales are also picking up: in the second quarter, BlackBerry recognized hardware revenue on 2.1M smartphone units versus 1.3M in the prior quarter.

Just a week after the Alibaba IPO, activist investors have begun their attack on Yahoo's board to "unlock value." Yahoo sold $6 billion worth of Alibaba shares in the IPO and its remaining 15% stake is valued around $36 billion. Starboard Value announced that it had bought a "substantial" stake in Yahoo and wrote an open letter to CEO Marissa Mayer saying she should buy AOL and unlock the value in its Alibaba and Yahoo stakes.

With Congress unlikely to act on tax reform anytime soon, the Treasury has changed the way it interprets tax law in an attempt to unilaterally make inversion deals "substantially less appealing." The package includes small steps, including moves to change the way foreign ownership is gauged (companies can invert if foreign stockholders own more than 20%) and to make it harder for parents to extract profits from subsidiaries.

In the latest pharma consolidation deal, Germany-based Merck KGaA agreed to acquire US firm Sigma-Aldrich for $17 billion in cash to boost its lab supplies business. Two global fertilizer giants, CF Industries and Yara International of Norway, are discussing a 50/50 merger deal. The combined market value of the companies would be about $27.4 billion, making it worth about as much as Canada's Potash Corp, the world's largest fertilizer producer.

The surprise announcement on Friday that bond king Bill Gross would take his talents to Janus Capital sent a ripple through asset management industry as speculation circulated about Pimco clients leaving with Mr. Gross or moving their holdings to other firms. Janus shares rocketed up 40%, and Pimco parent Allianz lost 5%. Gross reportedly jumped ship after it became apparent he would be fired imminently because of frequent confrontations with co-workers who described his behavior as "increasingly erratic."

The Shanghai Composite gained 0.8% this week, supported by slightly improved economic data and more relief for the property sector. The September HSBC flash manufacturing PMI dodged speculation of a slide into a contractionary territory, turning in a 50.5 print, its fourth consecutive month of expansion. In housing, several top tier cities eased their criteria for "first mortgage" home purchase classification to attract more buyers into the market. The decision follows a particularly soft set of housing price numbers in August and a warning by Moody's that China's nationwide residential property market will decline 5-10% this year. China will release its Industrial Profits data over the weekend, while investors will also watch for any evidence supporting press speculation that PBoC Governor Zhou may be replaced.

In Japan, core CPI measures released late in the week revealed another downtick in inflation, potentially paving the way for more Bank of Japan easing if Q3 data points disappoint. National core CPI of 3.1% was a 5-month low, while ex-sales tax estimated 1.1% price gauge is still well below the 2% BOJ target. USD/JPY hit new 6-year highs above ¥109.50 on Friday after Japan's health minister downplayed earlier expectations that pension fund reform - a boon to riskier assets and a negative for the Yen - would be delayed.

Sept 26 2014

Mix of stops and wins, ending slightly negative. Very jerky action whole week

Session Start: Fri Sep 26 00:00:00 2014

01[09:04] {@Threei}  dino :)
[09:18] {nemo} SSO not shortable again
[09:18] {troub} good morning
01[09:18] {@Threei}  troub :)
[09:20] {RonS} jns lit up the shorts for $50-60 mil this btw
01[09:20] {@Threei}  ron :)
01[09:22] {@Threei}  Upside:
01[09:22] {@Threei}  -JNS +41% (Bill Gross joining the firm from PIMCO)
01[09:22] {@Threei}  -DGLY +18% (received order for FirstVu HD Body Camera from the US MPs)
01[09:22] {@Threei}  -NKE +10% (earnings)
01[09:22] {@Threei}  -RPRX +9.4% (reportedly granted Type B pre-NDA meeting with the FDA - expects to file NDA for Androxal by year-end)
01[09:22] {@Threei}  -AGIO +7% (presenting data from AGO-120 Phase 1 study at EORTC-NCI-AACR 2014)
01[09:22] {@Threei}  -MU +7% (earnings, guidance)
01[09:22] {@Threei}  Downside:
01[09:22] {@Threei}  -ACRX -15% (update on Zalviso, to resubmit NDA in '15 Q1)
01[09:22] {@Threei}  -FINL -10% (earnings)
01[09:22] {@Threei}  -POWL -9% (lowered guidance)
[09:23] {jfjf64} morning all
01[09:23] {@Threei}  jf :)
01[09:24] {@Threei}  MU interesting
01[09:24] {@Threei}  now and then was a nice player last months
[09:29] {RonS} freakin hclp...
01[09:31] {@Threei} Short Setup: MU  .90 break
01[09:31] {@Threei}  If holds  34
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:33] {@Threei}  1:3
01[09:33] {@Threei}  out
[09:34] {jfjf64} nice
[09:35] {dino} ron, hclp definition of pulp
01[09:35] {@Threei} Long Setup:  IWM  .55 break
01[09:35] {@Threei}  If holds  .45
01[09:36] {@Threei}  .60 break is main idea, aggressive entry
01[09:37] {@Threei}  stop to .49
[09:37] {nemo} short MU again?
01[09:37] {@Threei}  no clear setup yet
01[09:38] {@Threei}  meh
[09:41] {dino} pcrx sm l .97
01[09:41] {@Threei} Short Setup: CCL  .50 break
01[09:41] {@Threei}  If holds  .60
[09:41] {dino} out pcrx .39, +.42
01[09:42] {@Threei}  wtg
[09:42] {dino} ty
[09:43] {dino} phk l .38
01[09:44] {@Threei}  stop .56
01[09:45] {@Threei}  1 cent from 1:1
01[09:46] {@Threei} Long Setup:  MU  34 break
01[09:46] {@Threei}  If holds  .90
01[09:47] {@Threei}  valid
01[09:48] {@Threei}  meh CCL
01[09:48] {@Threei}  Invalidated  MU  but on radar
[09:48] {nemo} short
[09:48] {dino} out phk .52, +.14
01[09:48] {@Threei}  if it ever consolidates and breaks, should set real fireworks
[09:49] {nemo} I think MU is done
01[09:50] {@Threei}  now
01[09:51] {@Threei}  no
[09:51] {nemo} goodnight
[09:53] {nemo} if MU gets back to vwap, look to short
[09:55] {jfjf64} vwap?
[09:55] {nemo} 33.85
[09:56] {RonS} agio rip
[09:57] {dino} pcrx sm l .32
[09:58] {dino} out pcrx .45, +1.13
[09:59] {troub} 'great job dino
[09:59] {dino} ty
[10:00] {dino} markets saying, "giddy-up"
[10:02] {nemo} small number in universe today likely
01[10:06] {@Threei} Short Setup: GLD  .70 break
01[10:06] {@Threei}  If holds  .80
01[10:12] {@Threei}  1:1
[10:27] {nemo} MU can't get out of it's own way
01[10:35] {@Threei}  narrow day
[10:35] {nemo} not really a surprise
01[10:36] {@Threei}  see, that's the advantage of altzheimer... everything is surprize
[10:52] {dino} things died
01[10:54] {@Threei}  [CNET] Ticks higher on circulation of presentation slide suggesting a relationship with Alibaba's Taobao using its Micro-Sell 360 product [CNET had previously indicated it was in discussion with BABA about this]
[10:57] {dino} pcrx sm l ave .64
01[11:01] {@Threei} Long Setup:  MU  .65 break
01[11:01] {@Threei}  If holds  .55
[11:04] {dino} out pcrx .09, +.45
01[11:04] {@Threei}  nice
[11:04] {dino} screwed up, had .40s
[11:04] {dino} gut said it would go higher, no go
[11:05] {dino} damn, now it goes
[11:07] {jfjf64} common mu
01[11:07] {@Threei}  lol... ASUS plays off a bendgate:
06[11:19] * @Threei installs a pillow between his chin and a keyboard
[11:22] {RonS} kors falling into a volume gap
[11:22] {nemo} 70.80ish next support
06[11:24] * @Threei dangles a carrot at .75 for MU
[11:24] {_sebab} lol that may have worked
01[11:24] {@Threei}  it likes carrot... who knew
01[11:25] {@Threei}  half out
01[11:25] {@Threei}  1:1 close enough
01[11:25] {@Threei}  stop .64
[11:29] {RonS} 3i, from you fave automaker:
01[11:30] {@Threei}  420-hp
01[11:31] {@Threei}  I am not a big fan of sedans though
01[11:35] {@Threei} Long Setup:  VXX  .05 break
01[11:36] {@Threei}  If holds  .95
01[11:50] {@Threei}  no go
[12:05] {nemo} VXX
[12:08] {dino} pcrx sm l .61
[12:12] {RonS} lol...The next iPhone to be made from lidquid metal ala Terminator
[12:15] {dino} out pcrx .04, +.43
[12:16] {nemo} yhoo
[12:16] {nemo} wtf
01[12:16] {@Threei}  news
[12:16] {dino} upgrade at nooon
[12:16] {dino} noon
01[12:17] {@Threei}  [YHOO] Starboard Delivers Letter to CEO and Board of Yahoo, Suggests AOL would be a good merger partner for Yahoo Starboard believes that unlocking the substantial value from Yahoo's non-core minority equity stakes in Alibaba Group and Yahoo Japan in a structure that delivers value directly to Yahoo shareholders in a tax-efficient manner.
[12:17] {dino} starboard value, says clearly undervalued
[12:17] {nemo} short it
01[12:17] {@Threei}  Starboard Value LP announced it has acquired a significant ownership stake in Yahoo
[12:18] {dino} sm s .52
[12:18] {dino} lol talking their book
[12:47] {jfjf64} hello
01[12:47] {@Threei}  hey jf
[12:47] {jfjf64} hey
[12:47] {jfjf64} my platform got locked up
[12:48] {jfjf64} not letting me sigm bk in
[12:48] {jfjf64} trying to get in touch with support
[12:48] {RonS} re-boot the computer
[12:48] {jfjf64} logix
[12:48] {jfjf64} tried
[12:48] {jfjf64} shut down
[12:48] {jfjf64} will try again
01[12:49] {@Threei}  does it show any pop-up warning?
[12:54] {jfjf64} tried re booting again no go
[12:54] {jfjf64} error
01[12:54] {@Threei}  does it show any pop-up warning?
[12:54] {jfjf64} already logged in
[12:54] {jfjf64} weird
01[12:54] {@Threei}  ghost
[12:54] {jfjf64} yeah
01[12:55] {@Threei}  gotta contact them to clear it
[12:55] {jfjf64} lol
[12:55] {jfjf64} yes
01[12:55] {@Threei}  no, that's actual term
01[12:55] {@Threei}  happens sometimes with the room as well
01[12:55] {@Threei}  you disconnect, but server doeasn't see it
[12:55] {jfjf64} ghost
01[12:55] {@Threei}  so unless I kick out ghost, you can't reconnect
[13:05] {dino} taking a little break
01[13:09] {@Threei}  frikin MU
01[13:16] {@Threei} Long Setup:  IWM  .60 break
01[13:16] {@Threei}  If holds  .50
[13:25] {RonS} Air Berlin cancels $5 billion order of Boeing 787 Dreamliners:
[13:54] {jfjf64} anyone use tradingview
[13:55] {jfjf64} chart service
[13:56] {jfjf64} guess im talkin to ghost
[13:56] {jfjf64} let me log out
01[13:56] {@Threei}  ?
[13:57] {nemo} no
[13:58] {nemo} seen it though
[13:59] {jfjf64} hey
[13:59] {RonS} hey jf
[13:59] {jfjf64} my computer whacky today
[13:59] {jfjf64} hey ron
01[14:00] {@Threei}  {JF's computer} my owner today is... ummm, nevermind, here he is
[14:00] {dino} cov yhoo flat
[14:00] {jfjf64} maybe
[14:02] {nemo} this is serious spy volume
01[14:03] {@Threei}  crap... wanted SPY .20 break, and decided I better wait for pullback entry
[14:04] {nemo} probably want the 50 day overhead
[14:04] {nemo} .80ish
01[14:14] {@Threei} Long Setup:  VXX  .40 break
01[14:14] {@Threei}  If holds  .30
[14:16] {dino} out vxx puts from yesterday afternoon, +.31/16%
01[14:16] {@Threei}  Invalidated
[14:16] {nemo} we're above the 50 day, question is do they want to close out day above 198
[14:17] {dino} gut say yes
[14:17] {nemo} me 2
01[14:17] {@Threei}  very much so
01[14:17] {@Threei}  one more pullback, then rally into close
[14:18] {nemo} look spy volume and just going higher
[14:18] {dino} btfd
[14:19] {dino} happening about every 6 weeks, drops of 3.5-4%, buy them
[14:30] {nemo} FAS SPY bullflagging
01[14:30] {@Threei} Long Setup:  VXX  .20 break
01[14:30] {@Threei}  If holds  .10
[14:30] {nemo} bears bending over
[14:30] {nemo} grabbing ankles
[14:31] {nemo} gritting teeth
[14:31] {nemo} was that too graphic?
[14:31] {jfjf64} offended
01[14:31] {@Threei}  one was killed yesterday around here... :(
01[14:32] {@Threei}  wandered in school vicinity
[14:33] {RonS} prob there for a month all alone...
01[14:35] {@Threei}  lol
[14:35] {nemo} would have been poetic if a bear ate ese
[14:35] {nemo} the russian bear eats the communist
[14:36] {jfjf64} bears getting it
[14:36] {dino} have to leave early, thx all, have good weekend
[14:36] {jfjf64} enjoy
[14:37] {RonS} cya dino
01[14:37] {@Threei}  take care dino
[14:51] {nemo} VXX
01[14:52] {@Threei} Long Setup:  VXX  .10 break
[14:52] {nemo} .10 break probably
01[14:52] {@Threei}  If holds  29
[14:53] {nemo} hell, I was only giving it to .04
[14:54] {nemo} I think it moves on it's own now into the close
01[14:54] {@Threei}  half out
01[14:55] {@Threei}  1:1
[14:55] {nemo} frickin algo's dick with you ever .10
[14:56] {nemo} spy probably bounces 198
[14:57] {nemo} stop to .15
01[15:21] {@Threei} Long Setup:  SPY  .10 break
01[15:22] {@Threei}  If holds  198
01[15:24] {@Threei}  come on SPY, time for eod skyrocketing
[15:24] {nemo} think they just hold it above 198
[15:24] {nemo} well between here and high
01[15:26] {@Threei}  should iksploud and hit close to .50
01[15:26] {@Threei}  hmmm... I might have misspelled that "hit"
01[15:29] {@Threei}  held by fingertips
01[15:33] {@Threei}  grrr
01[15:33] {@Threei}  out
01[15:36] {@Threei} Short Setup: CAT  .35 break
01[15:36] {@Threei}  If holds  .45
01[15:36] {@Threei}  last trade
01[15:38] {@Threei}  Invalidated
01[15:41] {@Threei}  valid again
01[15:41] {@Threei}  same setup
01[15:45] {@Threei}  not an easy week, eh
01[15:45] {@Threei}  a lot of jerky moves and rinses
[15:47] {nemo} here's spy test of the 50
[15:47] {nemo} bounced right off it
01[15:47] {@Threei}  come on CAT, give us last win
01[15:48] {@Threei}  lose that .30 and die
01[15:55] {@Threei}  covering
01[15:55] {@Threei}  +1 cent
01[15:55] {@Threei}  hooray
01[15:55] {@Threei}  lol
[15:55] {nemo} nice to close out on a winning trade
01[15:55] {@Threei}  hehe
[15:55] {nemo} oops...commission, ecn fees, sec fees...nevermind
01[15:58] {@Threei}  SPY daily... double top...
01[15:58] {@Threei}  but hits lower envelope
01[15:59] {@Threei}  so... next week will be interesting
[15:59] {nemo} cya
01[15:59] {@Threei}  thank you all
01[15:59] {@Threei}  have a good weekend
01[16:00] {@Threei}  see you Monday
01[16:00] {@Threei}  for hopefully nice juicy drop

Thursday, September 25, 2014

Sept 25 2014

Back and forth day, ending slightly positive. Shaky start, but repaired it and then some in later trades.

Session Time: Thu Sep 25 00:00:00 2014
03[01:32] * Retrieving #discussions modes...
[09:01] {dino} gm 3i
01[09:01] {@Threei}  dino :)
[09:08] {RonS} hello dudes...nemo posted a good one..."it's rosh hashana and i got nothing to shofar it..."
01[09:08] {@Threei}  ron :)
01[09:09] {@Threei}  on twitter?
[09:09] {RonS} yes
01[09:09] {@Threei}  been a good while since I looked in there...
01[09:09] {@Threei}  can't stand it endlessly scrolling river
01[09:09] {@Threei}  its
[09:10] {RonS} for some reason mine doesn't scroll...have to re-load it...probably better that way...
01[09:10] {@Threei}  yes, same here
[09:16] {nathan} morning gents
01[09:16] {@Threei}  nathan :)
[09:22] {RonS} pretty funny...Samsung came with an ad: "Bend to those who are worthy" ...showing the new iphone genuflecting before an upright galaxy
[09:22] {nathan} :-D
[09:23] {troub} Good morning
01[09:23] {@Threei}  troub :)
01[09:23] {@Threei}  lol ron
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -LPDX +63% (being acquired by LH for $5.25/shr)
01[09:26] {@Threei}  -AIXG +13% (wins tool order from San'an Optoelectronics in China; positive broker comments)
01[09:26] {@Threei}  -MHR +12% (momentum from production numbers reported ATC 9/24)
01[09:26] {@Threei}  -CYBR 9% (IPO momentum)
01[09:26] {@Threei}  -SKX +8% (statement in response to Buckingham Research note, company says Q3 retail comps to show positive growth)
01[09:26] {@Threei}  -HAWK/HAWKB +6% (acquiring Parago Inc. for $290M cash; sees as meaningfully accretive in 2015)
01[09:26] {@Threei}  -JBL +4.7% (earnings)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -FUL -16% (earnings)
01[09:26] {@Threei}  -CREG -10% (no news seen)
01[09:26] {@Threei}  -PCRX -8% (received FDA warning letter regarding promotional materials on Exparel)
01[09:31] {@Threei} Long Setup:  FB  .50 break
01[09:31] {@Threei}  If holds  .45
01[09:31] {@Threei}  no go
01[09:32] {@Threei} Long Setup:  IWM  .55 break
01[09:32] {@Threei}  1:1
01[09:35] {@Threei}  1:2
[09:42] {jfjf64} mornin
01[09:43] {@Threei}  jf :)
01[09:43] {@Threei} Long Setup:  FB  .40 break hl
01[09:43] {@Threei}  If holds  .30
01[09:44] {@Threei}  meh
01[09:45] {@Threei}  *(US) SEPT PRELIMINARY MARKIT SERVICES PMI: 58.5 V 59.2E; COMPOSITE PMI: 58.8 V 59.7 PRIOR \
[09:45] {dino} pcrx sm l .00
[09:45] {nemo} fb .35 break
[09:46] {nemo} good luck
[09:46] {dino} out pcrx .76, +.76
01[09:46] {@Threei}  wtg
[09:46] {dino} ty. pulp
[09:50] {nemo}  360-639-672
01[09:50] {@Threei} Long Setup:  CCL  .05 break
[09:51] {_sebab} call nemo for a good time
01[09:51] {@Threei}  lol
[09:52] {nemo} that ticking package at your door sebab...just ignore it
[09:52] {_sebab} :)
01[09:52] {@Threei}  If holds  41
01[09:52] {@Threei}  (RU) Russia parliament drafting law allowing govt to seize foreign assets in Russia in response to "illegal sanctions"
01[09:54] {@Threei}  meh
[09:55] {jfjf64} watchin x
[09:56] {nemo} short was .90
01[09:56] {@Threei} Long Setup:  FB  78 break
01[09:56] {@Threei}  If holds  .90
[09:56] {dino} pcrx sm l .68
01[09:56] {@Threei}  1:1
[09:57] {dino} stopped .33 -.35
01[09:58] {@Threei} Long Setup:  IWM  .90 break
01[09:59] {@Threei}  If holds  .80
01[10:00] {@Threei}  Invalidated
[10:00] {jfjf64} x one more leg down
[10:00] {nemo} x .60ish
01[10:00] {@Threei}  yeah, watching that one
[10:01] {jfjf64} our entry yest
[10:01] {jfjf64} .80
[10:03] {dino} pcrx sm l .03
[10:04] {dino} x gap fill
[10:04] {nemo} @.41 dino
[10:04] {dino} crayon
[10:05] {dino} :)
[10:05] {nemo} magic marker
01[10:06] {@Threei} Long Setup:  AIG  .55 break
01[10:06] {@Threei}  If holds  .45
[10:06] {nemo} BBBY
[10:07] {dino} out pcrx .61, +.58
01[10:14] {@Threei}  stop .49
[10:15] {dino} hclp hl l .44
[10:16] {nemo} TWTR
[10:19] {nemo} aapl dying
[10:19] {nemo} dow stocks toast
[10:20] {dino} stopped crzo .40 -.04
[10:21] {dino} not crzo, hclp
[10:21] {nemo} spy below yesterday's lows
[10:21] {dino} hclp working that june gap 51 area
[10:21] {jfjf64} short day
[10:22] {jfjf64} x getting hit
[10:22] {dino} theres nemos gap
[10:24] {nemo} .75 a level on BBBY
[10:25] {RonS} tick bouncing
[10:28] {RonS} from -sub1000 to now +330
[10:29] {RonS} back to -335  stopping's all over the place...
[10:30] {nemo} see what happens when the Jews aren't trading
[10:30] {jfjf64} lol
01[10:38] {@Threei} Long Setup:  X  .50 break
01[10:38] {@Threei}  If holds  .40
01[10:43] {@Threei}  nop
[10:43] {dino} pcrx sm l .00
[10:44] {jfjf64} liquid lunch
[10:45] {dino} crzo sm l .90
01[10:46] {@Threei}  misread market this morning
01[10:46] {@Threei}  was in buy the dip mode, which is off today
[10:46] {ese} ing ladies and gents......hopfully will be back next week.....smoked under at work.....crap load of stuff to do the words Hurricane and tornado come to mind
[10:47] {ese} morning
[10:47] {nemo} least u can do for the raise you extorted
01[10:47] {@Threei}  hey ese
[10:47] {ese} hey vad
01[10:47] {@Threei}  at least it's over
[10:48] {ese} ya...all for not really kinda pisses me off......the elementary people voted yes to return...there in for a big surprise
[10:49] {ese} once they find out they are getting no extra help in there classrooms
01[10:49] {@Threei}  if you voted no you'd be lynched
[10:49] {ese} Ig I even hear one of them complain I will tell them to "FO"
[10:49] {ese} if
[10:50] {ese} I did vote no
[10:50] {ese} stupid spineless idiots here
[10:51] {nemo} PUKE DAY!
01[10:51] {@Threei}  frikin X
[10:53] {dino} added feye jan calls
[10:53] {ese} Anyway.....catch ya monday eh.....
[10:53] {RonS} what strike dino?
[10:54] {dino} 33
[10:55] {dino} out pcrx .45 ave +.45
[10:57] {RonS} the biggest criminal in the country:  Justice Department official confirms Attorney General Eric Holder will announce his resignation later today
01[10:58] {@Threei}  not a minute too soon
[10:58] {dino} out crzo .28, +.38
[10:59] {RonS} gj
[10:59] {dino} ty
[10:59] {nathan} you're on fire dino!
[10:59] {dino} lucky
[11:00] {nathan} lucky u!
[11:00] {nathan} ;-)
[11:00] {dino} damn hclp, was waiting at 51.20, never made it
01[11:00] {@Threei} Long Setup:  X  .50 break
01[11:00] {@Threei}  If holds  .40
[11:00] {RonS} no nathan...have seen dino go +4 to +$8 on the day...that's fire
[11:01] {nathan} hehehe
01[11:01] {@Threei}  Invalidated
01[11:03] {@Threei}  valid again
01[11:03] {@Threei}  wow
01[11:03] {@Threei}  RCMP are warning parents after a bear was spotted on the grounds of Dunsmuir School in Colwood.
01[11:03] {@Threei}  I guess he is unhappy about strike end too
[11:03] {RonS} don't feed the bear?
[11:05] {RonS} delayed
01[11:06] {@Threei}  this is delayed? if dino laughs at my jokes within 30 min, I consider myself lucky
01[11:07] {@Threei}  then again... I consider myself lucky if anyone laughs at them at all
01[11:07] {@Threei}  still valid, X
01[11:08] {@Threei}  let's do it X
01[11:08] {@Threei}  take that offer
01[11:09] {@Threei}  and iksplode
[11:09] {dino} lol
01[11:10] {@Threei}  see?
01[11:12] {@Threei}  well X... mark that spot finally
01[11:13] {@Threei}  clear potential for 1:4 - 1:5
01[11:14] {@Threei}  Participants are scrambling around to explain this morning's sharp sell-off, citing a range of the usual excuses such as September volatility, hedge funds blowing up, liquidation of big institutional positions, violation of key technical levels and various geopolitical developments
01[11:14] {@Threei}  Some have even trotted out the old saw "sell on Rosh Hashanah, buy on Yom Kippur."
01[11:14] {@Threei}  With risk assets in freefall, there is no bigger safe haven this morning than the US Dollar
01[11:15] {@Threei}  remember my refrain "USD is about to become king again?"
[11:15] {RonS} some even quoting nemo?
[11:15] {nemo} X two way
01[11:15] {@Threei}  can you imagine the depth of desperation?
[11:15] {nemo} Gold is real money
01[11:15] {@Threei}  sound too
[11:16] {RonS} so 3 way = XXX?
01[11:16] {@Threei}  rofl
[11:16] {nemo} not bad Ron,,,need ese's "RIM" shot
[11:16] {RonS} oof
01[11:16] {@Threei}  I nominate this as best line of the day
[11:16] {nemo} no, mine was if you got it
[11:17] {dino} per drop
[11:19] {nemo} alot of hidden sells in X @ .50
[11:22] {dino} athm drop
01[11:24] {@Threei}  yes
01[11:24] {@Threei}  that's why when they are finally done it should eeksplode
01[11:25] {@Threei}  like blown up by accumulated pressure lid
01[11:25] {@Threei}  or broken dam
01[11:26] {@Threei}  now?
[11:26] {nemo} it's gonna pop if it goes
[11:26] {nemo} see
01[11:26] {@Threei}  popping it is
[11:26] {nemo} missed, my order was .52
01[11:27] {@Threei}  1:1
01[11:29] {@Threei}  1:2
[11:31] {nemo} BBBY not going up in this
01[11:33] {@Threei}  closed balance on a trail
01[11:35] {@Threei}  rinsed balance
01[11:35] {@Threei}  case against discipline :)
[11:35] {nemo} short X here
[11:37] {_sebab} out x .75 full ty
[11:37] {dino} sn hl l .46
[11:43] {RonS} silly but read the comments:,37011/?utm_source=Twitter&utm_medium=SocialMarketing&utm_campaign=Default:1:Default
01[11:44] {@Threei}  yw
01[12:05] {@Threei}  watching X for the last rinse and long from under .30
01[12:16] {@Threei} Long Setup:  VXX  .10 break
01[12:16] {@Threei}  If holds  30
01[12:19] {@Threei}  1:1
[12:20] {nathan} thx 3i
01[12:20] {@Threei}  yw
01[12:21] {@Threei}  Ron, my favorite is “I’ll just buy two so I can switch back and forth.”
[12:22] {nathan} SWFT
[12:25] {jfjf64} go baby
01[12:25] {@Threei}  1:2
01[12:25] {@Threei}  love the panic
[12:25] {_sebab} i like you style threei
[12:25] {jfjf64} sto[p where
[12:25] {jfjf64} ??
01[12:25] {@Threei}  market in panic mode is my favorite
01[12:26] {@Threei}  .19 jf... what's with you, forgot tha basics?? :)
01[12:26] {@Threei}  thanks sebab... (I have style?)
[12:26] {_sebab} lol. holding for more than 1:3?
01[12:27] {@Threei}  no
01[12:27] {@Threei}  1:3 will be enough
[12:27] {_sebab} k ty
[12:27] {nemo} little early for capitulation
[12:28] {nathan} die SWFT
01[12:29] {@Threei}  I met a personal stylist once, asked about my style. She fainted
01[12:29] {@Threei}  1:3
01[12:29] {@Threei}  me out
[12:29] {jfjf64} great trade
01[12:30] {@Threei}  ty
[12:30] {_sebab} yes, very nice
[12:31] {nemo} I'm trailing
01[12:34] {@Threei}  1:4
01[12:34] {@Threei}  nice nemo
[12:34] {jfjf64} go nemo
[12:34] {nemo} frickin' insulting "nice" nemo...WTF!
01[12:35] {@Threei}  ummm... did I just put "nice" and "nemo" on one line?
01[12:35] {@Threei}  sorry... so sorry...
[12:35] {nemo} go drink yer Cumis
[12:35] {_sebab} the package at my door stop ticking. can i open now, nemo?
[12:36] {nemo} out .39
[12:36] {nemo} oh well
[12:36] {nemo} watch, I had just upped it from .34, wanna' bet that holds?
[12:36] {nemo} damn...let me send you a new one
[12:40] {nathan} gotta leave your 4 today
[12:40] {nathan} have fun
[12:40] {RonS} pure douche:  Obama says Ebola response needs to be "like a marathon, but run at the pace of a sprint
01[12:40] {@Threei}  take care nathan
01[12:41] {@Threei}  yesterday you left too early as we had more good ones :)
[12:41] {nemo} ebola can be cured with nuclear warheads
[12:42] {nemo} and napalm
[12:42] {nemo} love the smell of napalm in the morning
[12:42] {nemo} if market stays weak appl likely a short at 99
[12:45] {nemo} market is aapl right now
[12:50] {nemo} WDC
[13:08] {RonS} dino wcg
[13:15] {dino} hmm
[13:16] {RonS} late now...
[13:17] {dino} 07 green scroll
[13:36] {RonS} FBI Director Comey: Agency believes it has identified militant seen in beheading videos; won't release name - @ABC
[13:44] {nemo} vxx
[13:52] {dino} lod
[13:52] {jfjf64} vxx
01[13:55] {@Threei}  .25 was VXX trigger... nemo, can you be more precise next time?
01[13:55] {@Threei}  .35, sorry
[13:59] {dino} c'mon, give us a quick drop
[14:03] {dino} the naz is down close to 4% in about 5 days, that has been the buy area for about a year now
01[14:05] {@Threei}  will be s good test whether it's still the case
01[14:05] {@Threei}  my thinking is, it is
01[14:09] {@Threei} Long Setup:  IWM  .20 break
01[14:09] {@Threei}  If holds  .10
[14:09] {dino} same here 3i, still bull market
[14:11] {dino} adding vxx puts
[14:12] {nemo} IWM two way
01[14:18] {@Threei}  1:1
[14:19] {dino} qqq gap 95.50 area
[14:22] {dino} whoa, pcrx drop
[14:31] {troub} getting to be an afternoon habit
[14:31] {dino} out pcrx .64, +.64
01[14:31] {Threei}  no kidding
[14:31] {nemo} Chinese Hackers
01[14:31] {Threei}  at least quick restoration became possible
[14:31] {dino} good to hear its not just me
01[14:32] {Threei}  no
01[14:32] {Threei}  (G7) G7 issues statement on Ebola and Ukraine; condemns violations of ceasefire in Ukraine - Syria needs political transition- Russia needs to meet its commitments under the Minsk agreement- Committed to helping Ukraine rebuild its economy- Prepared to implement more sanctions on Russia- Prepared to help Ebola stricken countries and avoid isolating them
[14:32] {RonS} great...spread it around the world...
01[14:33] {Threei}  this is equality, right?
01[14:33] {Threei}  liberal heart bleeds of thought that they will suffer alone
[14:34] {nemo} anybody notice how that virus hitting kids all over the US kinda' coincided with the South American influx
[14:35] {RonS} ...while they send others into the darkness
01[14:36] {Threei}  1:2
[14:36] {nemo} that's probably it...iwm just about touched VWAP
[14:36] {nemo} why pay up today
01[14:36] {Threei}  day that looked so grim in the morning is largely fixed
[14:37] {nemo} what? did you have a mirror in front of your monitor?
01[14:37] {Threei}  "did"?
01[14:38] {Threei}  I still do... ever since sebab indocated that I have style
01[14:38] {Threei}  I am trying to discern it
[14:38] {RonS} hilarious
[14:38] {nemo} what?
01[14:38] {Threei}  wife made at least 3 derisive comments already
[14:38] {dino} no reflection in mine
01[14:38] {Threei}  one being, T-Rex had style too
[14:39] {nemo} and u see dead people Dino
[14:39] {nemo} Tommy Bolin?
[14:39] {dino} yeah, still do
[14:39] {nemo} nice talent for ancillary income
[14:40] {nemo} I make dead people
[14:40] {dino} lol
[14:40] {nemo} I'm in the soul transition field
[14:42] {nemo} Might help my father transition today...trying to get him ready for his Doctor's appointment is like herding cats!!!
[14:42] {dino} thats a tough situation
[14:42] {nemo} the slide to childhood
01[14:46] {Threei}  1:3
01[14:46] {Threei}  will try for 1:4
[14:47] {_sebab} do you wait to sell last 1/4 or split that as well?
01[14:48] {Threei}  just trailing
01[14:48] {Threei}  to under 1:2 now
[14:48] {_sebab} ok
01[14:49] {Threei}  but if you have enough shares and want to protect more of profit, split further
01[14:58] {Threei}  closed
01[15:15] {Threei} Long Setup:  FB  .45 break
01[15:15] {Threei}  If holds  .35
01[15:25] {Threei}  nah
[15:26] {dino} sn stop -.31
01[15:33] {Threei}  which way last move...
01[15:36] {Threei} Long Setup:  IWM  .30 break
01[15:36] {Threei}  If holds  .20
01[15:39] {Threei}  half out
01[15:39] {Threei}  stop .24
01[15:39] {Threei}  .29 now
01[15:43] {Threei}  run baby, run
01[15:43] {Threei}  got last direction right
01[15:43] {Threei}  want a few more cents out of it
01[15:43] {Threei}  maybe playing SPY itself was a better idea
01[15:44] {Threei}  IWM lags a bit
01[15:44] {Threei}  overall, not entirely unhappy with the day, repaired morning performance nicely
01[15:44] {Threei}  or rather, lack of such
[15:50] {dino} calling it a day, ty all
01[15:50] {Threei}  take care dino
[15:50] {dino} u2
[15:51] {_sebab} ty threei good day all
01[15:52] {Threei}  you too
01[15:52] {Threei}  thank you all, have a good evening
01[15:52] {Threei}  see you tomorrow

Wednesday, September 24, 2014

Sept 24 2014

Clean reversal setup on X, and that's after 1:4 on FB and 1:3 on CCL. Day worth waking up for

With a few more wins after that, ended up being one of the best days in September.

Session Time: Wed Sep 24 00:00:00 2014

[09:04] {dino} gm
01[09:04] {@Threei}  dino!
[09:04] {RonS} gm...all hail the beater of the little white ball...
01[09:04] {@Threei}  welcome back
01[09:04] {@Threei}  ron :)
[09:05] {dino} thx all
[09:13] {troub} good morning
01[09:13] {@Threei}  troub :)
[09:17] {jfjf64} morni all
01[09:17] {@Threei}  jf :)
01[09:17] {@Threei}  (FR) France PM Valls: ISIS has sights on entire Middle East
01[09:21] {@Threei}  fairly meek gap so far
01[09:21] {@Threei}  Upside: -LPCN +45% (positive top-line results for Phase 3 study of LPCN-1021)-MACK +20% (deal with BAX for MM-398, $100M upfront & $470M in milestones)-RITT +24% (no news seen/maybe IPO glow)-ICLD +15% (announced $24.6M in new business backlog)-GDOT +15% (GoBank checking account launches exclusively at WMT)-INO +13% (Ebola vaccine moving into human trials with GeneOne Life Science)-ACOR +8% (acquiring Civitas Therapeutics for $525M in cash)-STRZA +6% (financial press reports that the company hired investment bankers to explore sale of the company)-BBBY +5.4% (earnings & guided Q3 Rev +2.8-3.7% y/y; SSS +2-3%)
01[09:22] {@Threei}  Downside:-ECTE -75% (liquidity concerns; company lacks ability to fund operations past 9/30)-ATOS -50% (FDA has issued a determination that the ForeCYTE Breast Aspirator is "not substantially equivalent" to its predicate device)-GTI -20% (cuts FY14 EBITDA, improves new initiatives on cost structures to improve profitability)-KBH -6.3% (earnings)-AIR -5% (earnings)-SDLP -5.4% (offering 8M units)
01[09:25] {@Threei}  FB doesn't follow even this little gap... watching for possible short
01[09:30] {@Threei} Short Setup: FB  .30 break hl
01[09:30] {@Threei}  If holds  .40
01[09:31] {@Threei}  1:1
[09:31] {_sebab} quick scalp ty
01[09:31] {@Threei}  1:2
01[09:31] {@Threei}  yw
01[09:31] {@Threei}  nice when they make advance warning
01[09:31] {@Threei}  1:3
01[09:31] {@Threei}  1:4
01[09:32] {@Threei}  I am so out
[09:32] {dino} gj
01[09:32] {@Threei}  ty
[09:32] {nemo} sometimes I regret not trading the first 15 minutes
[09:32] {RonS} SKX industry data out.. SportsScan.. Big neg
[09:33] {nemo} we're due for a bounce or hold in a small range day
[09:34] {nathan} gm gents
01[09:34] {@Threei}  nathan :)
01[09:35] {@Threei}  man... couldn't you come in 5 min earlier?
[09:35] {nathan} i'd love too
[09:35] {nathan} you did a 1:4?
01[09:35] {@Threei}  yes
[09:35] {nathan} glad to hear
[09:35] {nathan} :-)
[09:36] {nathan} now another one
01[09:36] {@Threei}  CCL on radar for pullback entry
01[09:37] {@Threei}  IWM too
[09:37] {nemo} It's Wednesday, where's that slouch Dino
01[09:38] {@Threei}  lift your eyes a few lines
[09:38] {nemo} oh.....nevermind
01[09:38] {@Threei}  CCL, no pullback
01[09:41] {@Threei} Short Setup: CCL  41 break
01[09:41] {@Threei}  If holds  .05
01[09:41] {@Threei} Long Setup:  IWM  .30 break
01[09:41] {@Threei}  If holds  .20
[09:42] {dino} lol
01[09:43] {@Threei}  1:1  CCL
[09:43] {nathan} thx 3i!
01[09:43] {@Threei}  yw
[09:44] {dino} added some athm calls
[09:48] {jfjf64} ya still in ccl
01[09:49] {@Threei}  half
[09:49] {jfjf64} k
[09:49] {jfjf64} me too
[09:49] {jfjf64} stop?
01[09:49] {@Threei}  41.01
[09:49] {jfjf64} 41
[09:49] {jfjf64} k
01[09:50] {@Threei}  let's trail to .96
01[09:51] {@Threei}  1/4 more out .82
01[09:51] {@Threei}  to .91
[09:54] {dino} athm sm l .40
01[09:54] {@Threei}  TWTR...
01[09:55] {@Threei}  CCL baby
01[09:55] {@Threei}  give us 1:3
[09:56] {jfjf64} die ccl
01[09:56] {@Threei}  1:3
01[09:57] {@Threei}  me out
[09:57] {_sebab} gj
01[09:57] {@Threei}  me happy
[09:57] {nathan} nice great job!
[09:57] {_pamsv} nice one
01[09:57] {@Threei}  too bad TWTR exploded without us
[09:57] {nemo} X week
01[09:57] {@Threei}  as if someone inserted a fuse in its backside
[09:57] {nemo} weak
[09:58] {dino} evhc drop
[09:58] {jfjf64} gjob ccl
01[09:58] {@Threei}  ty
[09:58] {jfjf64} you've done this before
01[09:58] {@Threei}  couple times
01[09:58] {@Threei}  still learning though
[09:58] {nemo} who X really having troubles
[09:58] {jfjf64} meetoo
[09:58] {nemo} whoa
01[09:59] {@Threei}  don't see any fresh news on X
01[09:59] {@Threei}  *(US) AUG NEW HOME SALES: 504K V 430KE
[10:03] {_sebab} X going for gap fill?
[10:03] {nemo} yeah, likely
01[10:04] {@Threei}  bounce should be close
01[10:04] {@Threei}  one more leg down
[10:05] {nemo} BBBY break higher
[10:06] {nemo} gap fill 67.90ish
01[10:07] {@Threei}  ugh
[10:07] {nathan} wow TWTR
01[10:07] {@Threei}  missed TWTR double top short
[10:08] {nathan} i did it :-)
01[10:08] {@Threei}  thing just goes through trigger levels too fast, no chance to form setup
01[10:08] {@Threei}  good job
[10:08] {nathan} done for today
[10:08] {dino} gj
[10:08] {nathan} dont want to spoil the day
[10:08] {nathan} cya tomorrow
01[10:08] {@Threei}  had you come 5 min earlier, you would be done for the week
01[10:08] {@Threei}  take care :)
[10:09] {nathan} take guys
[10:09] {nathan} care
[10:09] {jfjf64} x
01[10:10] {@Threei}  one more sharp drop
01[10:10] {@Threei}  and I get interested
[10:10] {dino} me too
[10:10] {jfjf64} mee too
[10:10] {dino} 41.70s
01[10:14] {@Threei} Long Setup:  X  .45 break
01[10:14] {@Threei}  If holds  .35
[10:14] {dino} yeah, not going to get the fill
01[10:15] {@Threei}  change to .40 break
01[10:15] {@Threei}  If holds  .30
01[10:18] {@Threei}  touched 1:1, no fill
01[10:19] {@Threei}  stop to .34
01[10:20] {@Threei}  1:1
01[10:20] {@Threei}  by the book from here
01[10:22] {@Threei}  1:2
[10:22] {dino} x sm l .50
01[10:26] {@Threei}  1:3
01[10:26] {@Threei}  me out
[10:27] {jfjf64} wonderful
[10:27] {jfjf64} trade
[10:27] {dino} gj
01[10:27] {@Threei}  ty
[10:27] {jfjf64} seems like done before
[10:28] {jfjf64} gjob
[10:29] {jfjf64} what made ya think wasn't gonna get fill
[10:29] {dino} out x .80, +.30
[10:29] {jfjf64} nice
[10:37] {nemo} things getting quiet quickly
01[10:38] {@Threei}  visual:
[10:59] {nemo} X working to the gap
[11:24] {nemo} Roshashana effect here
01[11:28] {@Threei} Long Setup:  VXX  .65 break
01[11:28] {@Threei}  If holds  .60
01[11:29] {@Threei}  picking safe plays
01[11:30] {@Threei}  nah
[11:30] {nemo} volume gonna drop off this afternoon we'll float up
01[12:08] {@Threei}  US equity trading has been choppy this morning, after the SPY futures tested their 50-day moving average after cash close yesterday. The S&P500 briefly tumbled below key technical level 1980 this morning, and has since bounced higher
[12:24] {nemo} ADBE
01[12:56] {@Threei} Short Setup: CCL  .80 break
01[12:56] {@Threei}  If holds  .90
01[13:08] {@Threei}  nope
01[13:08] {@Threei}  profit reservation procedure is in order
01[13:09] {@Threei}
[13:12] {dino} mtn drop
[13:13] {RonS} ski run?
[13:13] {dino} lol
02[13:51] * Disconnected
Session Close: Wed Sep 24 13:51:42 2014

Session Start: Wed Sep 24 13:51:42 2014
Session Ident: #discussions
02[14:01] * Attempting to rejoin channel #discussions
03[14:01] * Rejoined channel #discussions
03[14:02] * Retrieving #discussions modes...
[14:09] {troub} .
01[14:09] {@Threei}  your internet is ok guys? a lot of sites went down around here
[14:10] {troub} I was off.
[14:10] {_sebab} ok here
01[14:10] {@Threei}  not just room server... news wire, skype, some websites
01[14:10] {@Threei}  like there is a large scale outage
01[14:15] {@Threei} Long Setup:  IWM  .70 break
01[14:15] {@Threei}  If holds  .60
[14:18] {RonS} lol...  Woman Worried Student Loans Could Prevent Her From One Day Owning Entirely Different Kind Of Crippling Debt
01[14:19] {@Threei}  hmm?
01[14:20] {@Threei}  ah, theonion
01[14:21] {@Threei}  crap, I need to look at the name of the site before wondering... :)
[14:21] {RonS} lol...was gonna say would let nemo explain it to you...
01[14:26] {@Threei}  1:1
[14:27] {_sebab} used TNA ty threei
01[14:27] {@Threei}  :)
01[14:27] {@Threei}  do you find corresponding levels on TNA or just use IWM trigger as timing signal?
[14:27] {_sebab} the latter
01[14:28] {@Threei}  got it
[14:28] {nemo} spy is actuall 200.27 because of the dividend
01[14:29] {@Threei}  1:2
[14:36] {_sebab} cant get feed for CYBR. anybody?
[14:39] {nemo} seller 42 X
01[14:40] {@Threei}  fresh IPO?
01[14:41] {@Threei}  no quotes here eother
[14:41] {nemo} I do
[14:41] {nemo} lots
[14:41] {nemo} 26.60
[14:45] {nemo} wow sso not shortable today
[15:09] {_sebab} FB ascending triangle
01[15:18] {@Threei}  missed another 1:2, jf
01[15:18] {@Threei} Long Setup:  FB  .50 break
01[15:18] {@Threei}  If holds  .40
01[15:23] {@Threei}  1:1
[15:27] {_sebab} one more push above .63
06[15:27] * @Threei kicks FB in the rear
01[15:27] {@Threei}  like this?
[15:27] {_sebab} yeah :)
06[15:28] * @Threei kicks FB in the rear with heavy duty steel toe army boots
[15:33] {_sebab} almost
01[15:33] {@Threei}  did I mix up rear and front?...
[15:34] {nemo} spy hit .70, that's likely the top in the indexes
[15:34] {_sebab} that could be bad in other situations...
[15:35] {_sebab} nemo how you see CYBR quote?
[15:35] {nemo} 27.3
[15:36] {_sebab} broker i mean, sry
[15:36] {nemo} Nonko
[15:43] {jfjf64} what did I miss
[15:43] {jfjf64} after ya posted chart of x thought ya closed up shop
01[15:43] {@Threei}  [14:15] {@Threei} Long Setup: IWM .70 break
01[15:43] {@Threei}  [14:15] {@Threei} If holds .60
01[15:43] {@Threei}  1:2er
[15:44] {jfjf64} great day
[15:44] {jfjf64} ty
01[15:44] {@Threei}  i don't close shop without saying bye first :)
01[15:44] {@Threei}  because I am polite... unlile nemo
[15:45] {jfjf64} my quick bite to eat turned into liquid lunch
01[15:45] {@Threei}  ah
01[15:45] {@Threei}  lol
[15:45] {_sebab} chron's disease?
01[15:52] {@Threei}  ok guys, thank you all
01[15:53] {@Threei}  have a great evening
01[15:53] {@Threei}  see you tomorrow
[15:53] {_sebab} ty threei good day
[15:53] {jfjf64} ty
01[15:53] {@Threei}  :)

Tuesday, September 23, 2014

Sept 23 2104

A few too many rinses, as right ideas were jerked around. Some good plays, but overall, finishing slightly negative

Session Time: Tue Sep 23 00:00:00 2014
[09:17] {troub} good morning
01[09:18] {@Threei}  troub :)
[09:19] {jfjf64} morning all
01[09:19] {@Threei}  jf :)
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -RWLK +11% (announced reimbursement coverage by major German insurance company)
01[09:23] {@Threei}  -TKMR +8.5% (joined int'l consortium to conduct Ebola trials)
01[09:23] {@Threei}  -SLXP +6.6% (reports that AGN in advanced talks to acquire the company)
01[09:23] {@Threei}  -CF +5% (confirmed merger of equals talks with Yara International)
01[09:23] {@Threei}  -HLF +3.3% (Carl Icahn has not sold any of his position - from Fox's Gasparino)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -ASNA -11% (earnings)
01[09:23] {@Threei}  -KMX -6.3% (earnings)
01[09:23] {@Threei}  -AZN -5.1% (new inversion rules)
01[09:23] {@Threei}  -ABBV -4.9% (new inversion rules)
01[09:23] {@Threei}  -XLRN -4% (no patients being enrolled in second part of dalantercept monotherapy trial for ovarian cancer)
01[09:23] {@Threei}  -SHPG -4% (new inversion rules)
01[09:23] {@Threei}  -MDT -3.8% (new inversion rules)
01[09:23] {@Threei}  -SNN -3.3% (new inversion rules)
01[09:32] {@Threei} Short Setup: FB  .20 break hl
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei} Short Setup: FB  .30 break hl
01[09:32] {@Threei}  Invalidated
01[09:34] {@Threei} Short Setup: TWTR  .50 break hl
01[09:34] {@Threei}  ugh... too sat
01[09:34] {@Threei}  fast
01[09:34] {@Threei}  teleported
01[09:34] {@Threei}  so did FB
[09:35] {nemo} ADBE
01[09:36] {@Threei} Short Setup: YHOO  .30 break
01[09:36] {@Threei}  If holds  .40
[09:36] {nemo} this thing trading off BABA
[09:37] {RonS} baba loo'd
[09:38] {nemo} problem is underwriters will be supporting BABA for a couple of weeks
01[09:38] {@Threei}  1:1
01[09:43] {@Threei} Long Setup:  TWTR  .50 break
01[09:43] {@Threei}  If holds  .40
01[09:45] {@Threei}  *(US) SEPT PRELIMINARY MARKIT MANUFACTURING PMI: 57.9 V 58.0E -
01[09:45] {@Threei}  no go
01[09:46] {@Threei} Long Setup:  ADBE  .45 break
01[09:47] {@Threei}  If holds  .35
01[09:48] {@Threei}  TWTR rinse
01[09:50] {@Threei}  let's tighten ADBR to .39
01[09:50] {@Threei}  not liking this stall
01[09:51] {@Threei}  sheesh TWTR
01[09:51] {@Threei}  why did you do that
01[09:52] {@Threei}  (US) Preview: Sept Richmond Fed Manufacturing Index expected at 10:00 ET (14:00 GMT) - Consensus expectations: 10e v 12 prior
[09:54] {nemo} day likely to be rangebound after last couple of days of selling
01[09:56] {@Threei}  1:1  ADBE  close enough
01[09:56] {@Threei}  half out
01[10:02] {@Threei} Long Setup:  WMT  .90 break
01[10:02] {@Threei}  If holds  .80
01[10:04] {@Threei}  1:2  ADBE
01[10:04] {@Threei}  crawled to second target, lol
01[10:09] {@Threei}  Invalidated  WMT
[10:10] {jfjf64} took it
01[10:11] {@Threei}  ?
01[10:11] {@Threei}  took what?
[10:12] {jfjf64} wmt
01[10:12] {@Threei}  it never triggered
[10:12] {_sebab} it went to .92 after you posted
01[10:13] {@Threei}  what the deuce
01[10:13] {@Threei}  never saw any break over .90
01[10:13] {@Threei}  something wrong with my quotes?
[10:14] {jfjf64} check it
[10:14] {jfjf64} maybe dirty glasses
01[10:15] {@Threei}  anyone else?
01[10:15] {@Threei}  no prints above .90 on the chart either
01[10:21] {@Threei} Long Setup:  RIG  .60 break
01[10:21] {@Threei}  If holds  .50
01[10:21] {@Threei}  1:3  ADBE
01[10:22] {@Threei}  out in full
[10:29] {jfjf64} spy killin us
01[10:30] {@Threei}  I don't see RIG connected to SPY much
[10:31] {jfjf64} common baby
[10:38] {nemo} ADBE
[10:39] {nemo} it held this down swing
[10:39] {jfjf64} yes
01[10:39] {@Threei}  might have more in it
[10:40] {nemo} need spy to stop falling
01[10:40] {@Threei}  no go RIG
01[10:42] {@Threei} Short Setup: CAT  .80 break
01[10:42] {@Threei}  If holds  .90
01[10:44] {@Threei}  Invalidated
01[10:49] {@Threei} Long Setup:  YHOO  .70 break
01[10:50] {@Threei}  If holds  .60
01[10:52] {@Threei}  [GLMD] Announces FDA Approval of Fast Track Designation of Aramchol for the Treatment of NASH Announced today that the U.S. Food and Drug Administration, or the FDA, approved its request for Fast Track Designation of its product candidate, aramchol, for the treatment of Non-Alcoholic Steato-Hepatitis, or NASH. -
01[10:52] {@Threei}  stop to .64
01[10:53] {@Threei}  meh
01[11:03] {@Threei}  wtf
01[11:03] {@Threei}  another rinse
[11:06] {jfjf64} cat
01[11:06] {@Threei} Long Setup:  IWM  .15 break
01[11:06] {@Threei}  If holds  .05
01[11:10] {@Threei}  grrr
01[11:10] {@Threei}  hate today
[11:13] {jfjf64} cat
[11:13] {jfjf64} I re entered .80
01[11:13] {@Threei}  covered yet?
[11:14] {jfjf64} 1/4
[11:14] {jfjf64} left
01[11:14] {@Threei}  ok
01[11:14] {@Threei}  what do you mean RE-entered?? did it trigger first time??
01[11:14] {@Threei}  if yes, then I do have some problem with quotes
01[11:15] {@Threei}  anyone?
[11:15] {_sebab} cat no trigger here first time
01[11:15] {@Threei}  ok... whew
[11:15] {jfjf64} no here either
01[11:16] {@Threei}  thought of grabbing baseball bat and going to lunch with broker
[11:16] {jfjf64} lol
[11:18] {jfjf64} fb high /day
01[11:25] {@Threei}  European indices were broadly weaker this morning, dragging down US futures and setting up for a third consecutive session of equity losses in New York. Indices ran back into positive territory in the first hour of trading, however they have dropped right back into the red mid morning.
01[11:25] {@Threei}  With Congress unlikely to act on tax reform anytime soon, the Treasury has changed the way it interprets tax law in an attempt to unilaterally make inversions "substantially less appealing."
01[11:36] {@Threei} Long Setup:  IWM  .30 break
01[11:37] {@Threei}  If holds  .20
01[11:37] {@Threei}  this just has to be trend change and market going positive
[11:37] {nemo} gonna' be a range day
01[11:37] {@Threei}  doesn't feel this way to me
01[11:38] {@Threei}  feels like bear slaughter coming
01[11:39] {@Threei}  1:1
[11:45] {jfjf64} fb machine
[11:55] {nemo} DDD have news?
[11:56] {RonS} piper thinks they got an unexpected 6-8 mil order from gm...
01[11:56] {@Threei}  DDD Hearing strength attributed to Piper Jaffray comments indicating the company could have been awarded a contract valued at up to $8M by GM
[11:56] {RonS} ...guessing they want to speed up productivity and print defects faster...
[11:57] {nemo} AAPL looks long but not breakout time
01[12:08] {@Threei} Short Setup: FB  .85 break
01[12:08] {@Threei}  If holds  .95
01[12:10] {@Threei}  two-sided
[12:14] {_sebab} short trigger there?
[12:14] {_sebab} nevermind
01[12:16] {@Threei}  yes
[12:19] {RonS} Ray Rice domestic abuse scandal sends ‘terrible message’ to youth, Education Secretary Arne Duncan...oh, you mean the demographic that conducts "the knockout game"?
[12:26] {_sebab} sad game
01[12:26] {@Threei}  1:1
01[12:26] {@Threei}  no kidding... game of disgusting imbeciles
01[12:43] {@Threei}  no clear plays at the moment, waiting
02[12:48] * Disconnected
Session Close: Tue Sep 23 12:48:23 2014

Session Start: Tue Sep 23 12:48:23 2014
Session Ident: #discussions
02[12:58] * Attempting to rejoin channel #discussions
03[12:58] * Rejoined channel #discussions
03[12:58] * Retrieving #discussions modes...
01[13:01] {@Threei}  server hiccup
01[13:04] {@Threei}  the rest of the gang is in the coma?
01[13:05] {@Threei} Long Setup:  VXX  29 break
01[13:05] {@Threei}  If holds  .90
[13:07] {_pamsv} :)
01[13:13] {@Threei}  1:1
01[13:13] {@Threei}  sheesh... guys can't connect still? server is up and running
01[13:17] {@Threei}  (US) President Obama: Govt will issue new emissions target in the early part of next year - UN climate summit
[13:31] {nemo} things looking down
[13:33] {nemo} well, nope
01[13:33] {@Threei}  no
01[13:33] {@Threei}  something kept SPY from further crash
01[13:33] {@Threei}  too bad, hoped to get more than scalp from VXX
[13:33] {nemo} spy and the finnies tested their lows
[13:38] {nemo} finnies not bouncing much nor iwm
[13:48] {nemo} finnies letting go
01[14:12] {@Threei} Long Setup:  IWM  .45 break
01[14:12] {@Threei}  If holds  .35
01[14:19] {@Threei}  come on market, reversal time
[14:20] {nemo} SPY wants 198
01[14:20] {@Threei}  I have this feeling it won't
01[14:21] {@Threei}  this is spring coiling
[14:21] {nemo} cue Ron
02[14:23] * Disconnected
Session Close: Tue Sep 23 14:23:27 2014

Session Start: Tue Sep 23 14:23:27 2014
Session Ident: #discussions
02[14:26] * Attempting to rejoin channel #discussions
03[14:26] * Rejoined channel #discussions
01[14:27] {@Threei}  frikin server
01[14:27] {@Threei}  what's with this instability today
01[14:28] {@Threei}  and IWM too
01[14:28] {@Threei}  look at this rinse
01[14:28] {@Threei}  hate this kinf of days
01[14:28] {@Threei}  idea is right, entries get rinsed
03[14:29] * Retrieving #discussions modes...
01[14:40] {@Threei} Long Setup:  IWM  .40 break
01[14:40] {@Threei}  If holds  .30
01[14:40] {@Threei}  this just has to be it
01[14:41] {@Threei}  agree nemo?
[14:42] {_sebab} lol
[14:43] {_sebab} not yet
01[14:43] {@Threei}  if triggered, would have been
01[14:43] {@Threei}  now will have to form new setup
[14:43] {nemo} no algo...takes nothing to push the indexes down
01[14:43] {@Threei}  see, all setups are conditional
01[14:44] {@Threei}  IF this and this happens, that and that is likely to follow
[14:48] {nemo} no volume coming in anywhere, easy to push spy under 198
[14:48] {nemo} who is gonna' buy now?
01[14:52] {@Threei}  see who?
[14:54] {nemo} we might just get a puke into the close
[14:54] {nemo} got spy 50 day down around .80
01[14:56] {@Threei}  this 198 -.20 range will decide probably
01[14:57] {@Threei}  break of 198 can trigger a crash easily
01[15:00] {@Threei}  up...
01[15:00] {@Threei}  ok, waiting for pullback for a good entry
[15:00] {nemo} not today
01[15:01] {@Threei}  that same frikin .40 was
01[15:01] {@Threei}  grr
01[15:06] {@Threei} Long Setup:  IWM  .45 break
01[15:06] {@Threei}  If holds  .35
[15:09] {_sebab} ok to use TNA?
01[15:09] {@Threei}  yes, it's just a tad more volatile
01[15:09] {@Threei}  so adjust shares accordingly
[15:09] {_sebab} thanks
[15:10] {nemo} yeah, 3 times
01[15:14] {@Threei}  ok... let's do mountain drive, IWM
01[15:14] {@Threei}  .70 - .80 easy
01[15:17] {@Threei}  1:2
[15:18] {nemo} you mean 1:1?
01[15:18] {@Threei}  yes
01[15:18] {@Threei}  1:1
01[15:18] {@Threei}  I am practicing :)
[15:18] {nemo} puke time
[15:18] {_sebab} practice 1:5
[15:18] {_sebab} :)
[15:19] {nemo} you Sebulba's cousin?
[15:19] {_sebab} i hope nemo wrong
[15:20] {nemo} finnies on lows, other indexes look bear flaggish
[15:23] {nemo} oh shit, forgot about the dividend in SPY Friday morning
01[15:23] {@Threei}  IWM looks to me like driving toward .70, at least
[15:23] {nemo} spy is actually .90 higher
[15:24] {_sebab} the trade stopped at .45 recross?
[15:24] {_sebab} just double check
01[15:25] {@Threei}  I held it'it was such a quick touch and immediate bounce, I don't sell in such cases
01[15:25] {@Threei}  1:2
[15:25] {_sebab} ok. too bad i did
01[15:26] {@Threei}  it's a discretionary decision
01[15:26] {@Threei}  don't get ipset much, discipline is not something to regret
[15:26] {_sebab} im ok :)
01[15:32] {@Threei}  can't say I am happy with today
01[15:32] {@Threei}  too many rinses
01[15:37] {@Threei}  here is .705
01[15:37] {@Threei}  .75
01[15:37] {@Threei}  1:3
[15:38] {_sebab} good job
01[15:38] {@Threei}  ty... just wish it was cleaner
01[15:39] {@Threei}  a bit too jerky, no nice smooth easy to read and utilize action
[15:39] {_sebab} maybe tomorrow
01[15:39] {@Threei}  should get to 1:4
01[15:39] {@Threei}  15:14] {@Threei} .70 - .80 easy
[15:45] {_sebab} ty see you
01[15:53] {@Threei}  thank you all
01[15:53] {@Threei}  have a good evening, see you tomorrow

Monday, September 22, 2014

Sept 22 2014

Nice day with some jerky action but enough good trades to make it worthwile. Finishing with 1:3 and 1:2 back to back didn't hurt.

Session Time: Mon Sep 22 00:00:00 2014

[09:14] {RonS} good morning gents
01[09:15] {@Threei}  morning Ron
01[09:18] {@Threei}  (EU) ECB's Draghi: Recovery in the eurozone is losing momentum, unemployment is unacceptably high, risks are clearly to the downside
[09:18] {troub} good morning
01[09:19] {@Threei}  troub :)
[09:22] {jfjf64} morni
01[09:22] {@Threei}  jf :)
[09:30] {kikesan} morning
01[09:30] {@Threei}  kikesan :)
01[09:31] {@Threei}  Upside:
01[09:31] {@Threei}  -VIAS +45% (being acquired by TTMI for $368M)
01[09:31] {@Threei}  -SIAL +35% (being acquired by Merck KGaA for $140/shr)
01[09:31] {@Threei}  -CNET +14% (recognized as best Chinese internet company at the China Gateway conference)
01[09:31] {@Threei}  -TKMR +8% (established regulatory framework for Ebola drug)
01[09:31] {@Threei}  -NETE +15% (broker commentary)
01[09:31] {@Threei}  Downside:
01[09:31] {@Threei}  -CRR -8.8% (guides Qs proppant sales similar to Q1)
01[09:31] {@Threei}  -INVN -3% (broker cut from Baird)
01[09:32] {@Threei} Short Setup: FB  77 break
01[09:32] {@Threei}  If holds  .10
01[09:32] {@Threei}  1:1 in a blink of a second
01[09:34] {@Threei} Long Setup:  TWTR  .40 break
01[09:34] {@Threei}  If holds  .30
01[09:35] {@Threei}  let's do hl, a bit spready still
01[09:35] {@Threei}  nah
01[09:38] {@Threei} Long Setup:  IWM  .05 break
01[09:38] {@Threei}  If holds  .95
01[09:38] {@Threei}  Invalidated
01[09:39] {@Threei} Long Setup:  IWM  113 break
01[09:39] {@Threei}  If holds  .90
01[09:40] {@Threei}  Invalidated
01[09:41] {@Threei} Long Setup:  FB  .15 break
01[09:41] {@Threei}  1:1
01[09:41] {@Threei}  fast...
01[09:44] {@Threei} Long Setup:  FB  .95 break
01[09:44] {@Threei}  If holds  .88
01[09:45] {@Threei}  1:1
[09:45] {kikesan} guau
01[09:46] {@Threei}  1:2
01[09:50] {@Threei} Long Setup:  IWM  113 break
01[09:50] {@Threei}  If holds  .90
01[09:50] {@Threei}  nice doji
01[09:52] {@Threei}  stop to .94
01[09:52] {@Threei}  touched 1 cent from 1:1
[09:52] {kikesan} YHOO  long .01 if holds .89?
[09:53] {kikesan} invalidated
01[09:55] {@Threei}  meh
01[09:59] {@Threei} Long Setup:  TWTR  .40 break
01[09:59] {@Threei}  If holds  .30
01[10:00] {@Threei}  *(US) AUG EXISTING HOME SALES: 5.05M V 5.20ME
01[10:00] {@Threei}  *(EU) EURO ZONE SEPT ADVANCE CONSUMER CONFIDENCE: -11.4 V -10.5E
01[10:00] {@Threei}  no go
01[10:06] {@Threei} Long Setup:  INTU  .75 break hl
01[10:06] {@Threei}  If holds  .65
01[10:07] {@Threei} Long Setup:  P  26 break
01[10:07] {@Threei}  If holds  .90
01[10:08] {@Threei}  1:1  INTU
01[10:08] {@Threei}  P two-sided
[10:09] {kikesan} one question Vad
[10:10] {kikesan} INTU has very low volumen today. is it ok to scalp anyway?
01[10:10] {@Threei}  that's why hl
01[10:10] {@Threei}  and its volume today is much higher than usual
[10:11] {kikesan} sorry, what does that mean (hl)?
01[10:11] {@Threei}  half lot
01[10:12] {@Threei}  you've read isntructions at
01[10:12] {@Threei}  it has room slang and abbreviations
[10:12] {kikesan} ok. understood now. that makes sense!!
[10:12] {kikesan} thanks Vad
01[10:12] {@Threei}  sure thing
[10:15] {kikesan} YHOO .49 short
01[10:16] {@Threei}  1:1  P  close enough
01[10:16] {@Threei}  half out
01[10:16] {@Threei}  or scalp if you prefer
01[10:16] {@Threei}  hard to tell if it has more
01[10:16] {@Threei}  I'll do half for now
01[10:16] {@Threei}  YHOO nice
[10:17] {nemo} CAT
[10:17] {kikesan} yes, but I dind't know where put my stop and i did'nt trade :-(
[10:18] {kikesan} I saw that could be a good short, but I didn't complete the setup, jejeje
01[10:20] {@Threei}  1/4 more out P
01[10:20] {@Threei}  stop .86 for the last part
01[10:22] {@Threei}  1:2
01[10:22] {@Threei}  stpp to .81
01[10:25] {@Threei}  1:3
01[10:25] {@Threei}  out
01[10:25] {@Threei}  finally decent one
01[10:31] {@Threei} Long Setup:  TWTR  .90 break
01[10:31] {@Threei}  If holds  .80
01[10:32] {@Threei}  Invalidated
01[10:34] {@Threei} Short Setup: GLD  .60 break
01[10:34] {@Threei}  If holds  .70
01[10:39] {@Threei}  Invalidated
[10:46] {jfjf64} fb
[10:46] {jfjf64} bounce time
[10:46] {jfjf64}  /
[10:46] {jfjf64} ?
01[10:47] {@Threei}  .80 break
01[10:47] {@Threei}  if holds .70
[10:47] {jfjf64} yea
01[10:47] {@Threei}  if loses it, same setup .70 - .60
01[10:51] {@Threei}  chsnge to .65 break
01[10:51] {@Threei}  If holds  .57
01[10:51] {@Threei}  valid still
[10:53] {jfjf64} he we go
[10:54] {jfjf64} lol
01[10:54] {@Threei}  Invalidated
[10:54] {jfjf64} yes
01[11:02] {@Threei} Long Setup:  IWM  .40 break
01[11:02] {@Threei}  If holds  .30
01[11:11] {@Threei}  kikesan, see private message please
01[11:16] {@Threei}  no go
[11:17] {jfjf64} tough mkt
01[11:20] {@Threei} Long Setup:  TWTR  .80 break
01[11:20] {@Threei}  If holds  .70
01[11:22] {@Threei}  .1
01[11:22] {@Threei}  1:1
[11:24] {kikesan} BABA moment
[11:27] {kikesan} a lot of spread
01[11:28] {@Threei}  1:2
01[11:28] {@Threei}  closed last part on a trail
[11:45] {nemo} AAPL looks short here below .25
01[11:47] {@Threei} Short Setup: TWTR  .60 break
01[11:47] {@Threei}  If holds  .70
01[12:00] {@Threei}  cover half
01[12:01] {@Threei}  stop .61
01[12:03] {@Threei}  1:1
01[12:22] {@Threei}  fish says hello
01[12:23] {@Threei}  his computer is on the way to his new korean digs, will pop up when it arrives
01[12:23] {@Threei} Long Setup:  FB  .30 break
01[12:24] {@Threei}  If holds  .20
01[12:36] {@Threei}  no go
[12:39] {nemo} YHOO oops
[12:39] {nemo} too late
[12:40] {nemo}
01[12:43] {@Threei}  rinse
01[12:45] {@Threei}  switching to pullbacks
01[12:52] {@Threei}  IWM
01[12:52] {@Threei}  ugh... wanted it from under .40
01[12:52] {@Threei}  bounced too fast
01[12:59] {@Threei} Long Setup:  IWM  .40 break
01[12:59] {@Threei}  If holds  .30
01[13:02] {@Threei}  Invalidated
01[13:05] {@Threei}  vaidd again
01[13:11] {@Threei}  no go
01[13:11] {@Threei}  backing off, patterns stopped working
01[13:26] {@Threei} Long Setup:  FB  .30 break
01[13:26] {@Threei}  If holds  .20
01[13:27] {@Threei}  a bit too fast
01[13:28] {@Threei}  1:1
01[13:49] {@Threei} Long Setup:  IWM  .50 break
01[13:49] {@Threei}  If holds  .40
01[13:49] {@Threei}  this should be a start of a larger upward move
01[14:01] {@Threei}  come on
[14:01] {nemo} not on a trend down day
[14:01] {nemo} couldn'
[14:01] {nemo} get back to vwap on any index
01[14:02] {@Threei}  this was classing trend reversal setup
01[14:02] {@Threei}  ckassic
01[14:02] {@Threei}  classic
[14:02] {_sebab} lol
01[14:02] {@Threei}  there... I made it
01[14:02] {@Threei}  just on a third attempt
01[14:03] {@Threei}  look at all the long consolidation under .50, from about 2 hours back
01[14:08] {@Threei}  (US) President Obama plans to announce new tools to fight climate change at the summit tomorrow - White House press secretary
01[14:08] {@Threei}  hammer with ice in the handle?
[14:09] {nemo} taxes
[14:13] {RonS} get a load of this...dem guv here...tight race...says to public if he loses he will pardon a convicted killer of 6 people...
01[14:13] {@Threei}  eeck
[14:22] {RonS} 4 were teenagers as was he...Chuck E Cheese murders...they had to close the biz after...
01[14:38] {@Threei}  market is ready for a bounce, me thinks
01[14:38] {@Threei} Long Setup:  IWM  .35 break
01[14:38] {@Threei}  If holds  .25
[14:41] {nemo} two way now?
01[14:41] {@Threei}  no
01[14:41] {@Threei}  not interested in shorting so far
01[14:45] {@Threei}  1:1
01[14:50] {@Threei}  .50 break should get us to 1:2 in a hurry
[14:50] {nemo} or it comees back to test the breakout
01[14:56] {@Threei}  OK, enoug digesting done, time to break
01[14:56] {@Threei}  and run
01[14:56] {@Threei}  fly
01[14:56] {@Threei}  crawl
01[14:56] {@Threei}  whatever, just get to 1:5
01[15:02] {@Threei}  1:2
01[15:13] {@Threei}  that's all?... oh well
01[15:13] {@Threei}  waiting for another long setup
01[15:13] {@Threei}  there has to be one more today
01[15:18] {@Threei}  pamsv, look private message pls
01[15:19] {@Threei} Long Setup:  FB  .50 break
01[15:19] {@Threei}  If holds  .40
01[15:25] {@Threei}  go FB
01[15:25] {@Threei}  run
01[15:25] {@Threei}  fly
[15:25] {jfjf64} lol
01[15:25] {@Threei}  rocket
01[15:25] {@Threei}  explode
01[15:25] {@Threei}  no, wrong spelling
01[15:25] {@Threei}  iksplode
01[15:25] {@Threei}  yes, this is right one
01[15:26] {@Threei}  1:1
[15:26] {jfjf64} keep typing
01[15:26] {@Threei}  hehe
[15:26] {jfjf64} likes it
[15:26] {_pamsv} :)
01[15:26] {@Threei}  you try to type with swimming fins on your hands
01[15:27] {@Threei}  it's all nemo's fault... he was silly enough to say I couldn't type while wearing them, and I was stupid enough to sat "challenge accepted"
01[15:27] {@Threei}  say
[15:28] {jfjf64} this position blotter is great
01[15:28] {@Threei}  told you
[15:28] {jfjf64} logix
[15:28] {jfjf64} takes thinkin out
01[15:28] {@Threei}  one of those features that make you feel loved by software designers
01[15:29] {@Threei}  and don't we all love feeling loved... even nemo
[15:29] {jfjf64} blast off fb
01[15:29] {@Threei}  {FB} for this ritual to work, you need to do a rain dance in pink tutu
[15:30] {jfjf64} that's what im wearing
01[15:31] {@Threei}  hmmm
01[15:31] {@Threei}  maybe wrong shade of pink...
[15:31] {jfjf64} shade is fine
[15:32] {jfjf64} breath
01[15:33] {@Threei}  1:2
01[15:33] {@Threei}  almost
01[15:33] {@Threei}  practicing
[15:33] {jfjf64} milk this one
01[15:34] {@Threei}  pretty much all that is left
01[15:34] {@Threei}  nit enough time for one more
01[15:34] {@Threei}  not'
01[15:36] {@Threei}  1:2
[15:38] {jfjf64} sittin with 1/4 left
[15:38] {jfjf64} ty
[15:39] {jfjf64} stop .60
01[15:41] {@Threei}  :)
[15:41] {jfjf64} out
01[15:41] {@Threei}  good one to finish day with
01[15:42] {@Threei}  knew there had to be a run at the eod
[15:42] {jfjf64} I d say
[15:42] {RonS} wtf?  Wesleyan University orders fraternities to admit female members
[15:42] {RonS} ...beam me up Scotty
01[15:42] {@Threei}  lol
01[15:44] {@Threei}  1:3
01[15:47] {@Threei}  dino has one last day of vacation tomorrow, we need to get as much money from the market as we can before he returns and grabs it all
01[15:58] {@Threei}  thank you all
01[15:58] {@Threei}  have a good evening, see you tomorrow
[15:59] {_pamsv} thanks - see you
[16:03] {jfjf64} good night

Friday, September 19, 2014

Market Week Wrap-up  Weekly Market UpdateScotland Stays, Alibaba Goes

The DJIA and the S&P500 saw fresh all-time highs on Thursday and most global markets (with the glaring exceptions of Shanghai and the Hang Seng) closed on Friday just off their highs of the week. As equities gained ground the 10-year UST yield saw ten-week highs around 2.66% on Thursday. With risk assets on fire, many commentators speculated whether this week's monster Alibaba IPO could be a symbolic top in markets, while others looked at the ominously weak inaugural TLTRO auction as a sign of very deep dysfunction in Europe. Meanwhile, China's seemingly benign downturn has taken a turn for the worse, prompting a more direct response on the part of the PBoC, which unveiled a CNY500 billion standing liquidity facility (SLF) provision for the nation's top five banks. Scotland gave London a scare as polls showed the independence referendum was too close to call, but ultimately voted to remain in the UK. For the week, the DJIA rose 1.7%, the S&P500 gained 1.3% and the Nasdaq added 0.3%.

Heading into Wednesday's Fed decision, there were expectations that the FOMC might drop the "extended period" language in order to prepare the way for its exit strategy. Instead, Fed Chair Yellen again highlighted in her press conference that the Fed's language has always been conditional and data-dependent, and said the Fed's views about the outlook had not changed much, which meant that there was little need to adjust the wording. While the Fed statement and Yellen's press conference could hardly be called hawkish, changes to the dot chart clearly suggested a greater willingness to tighten policy in 2015 and 2016. Another surprise was the release of a general outline of principles for the process of normalizing policy, which included the statement that interest on excess reserves (IOER) would be the primary tool for moving the fed funds rate and overnight repos would be a secondary tool for moving rates.

On Thursday the ECB disclosed lenders borrowed a mere €82.6 billion in four-year loans from its new TLTRO facility, falling well short of expectations for take-up of €133 billion. Bond yields dropped and the euro slipped on speculation that the very weak showing in the centerpiece of the ECB's big June effort at policy action increased the likelihood of the central bank launching more measure next year to stave off deflation, possibly including full-fledged QE (aka sovereign bond buying). German bunds fell to fresh all-time lows around 1.04% on Friday.

Scottish voters rejected independence (45% for Yes vs 55% for No) on Thursday, choosing to remain part of the United Kingdom. Alex Salmond, one of the driving figures behind the anti-UK forces, resigned as Scotland's First Minister following the defeat. UK Chancellor Osborne had said that if Scotland voted "No," the UK government would devolve more powers to Scotland, powers which could amount to effective home rule. UK PM Cameron is expected to make an announcement soon regarding an overhaul of local governance in Britain, while the Labor Party is calling for a constitutional convention.

The Ukraine Parliament passed a new law granting rebel-controlled regions of eastern Ukraine self-rule and offering amnesty to anti-government fighters. The measures are in line with the ceasefire agreement signed by President Poroshenko in early September. Meanwhile, fighting continued all week in hotspots in the east, most notably as rebels tried to force government forces away from the Donetsk airport. There were also reports of shelling and troop movements around Mariupol. Poroshenko was in Washington this week, asking for financial and military aid for his country. "We cannot fight a war with blankets," he said in his address to a joint session of Congress.

The Alibaba IPO frenzy dominated headlines later in the week. It priced at $68 on Thursday and opened at $92.70 on Friday morning. Shares quickly jumped to $99.70 before settling back to about $92 in afternoon trading. In the IPO the company raised $21.8 billion, for the largest IPO in the history of the US stock market, and that figure could rise to $25 billion with overallotments. Alibaba's total market cap is around $228 billion, making it bigger than Amazon, Intel, or IBM. Yahoo stands to make more than $10 billion on the IPO, as it plans to sell around 5% of its 22.4% stake. Japanese wireless carrier Softbank owns more than a third of the shares, a stake worth over $70 billion.

Sales of the new Apple iPhone began on Friday, although some of the shine was taken off possible volumes by a report that the new model may not be sold in China this year. The story said Apple failed to reach an agreement with the country's Ministry of Industry and Information Technology this month, which might push the launch of the iPhone 6 in China to 2015. In addition, there were reports that Apple would unveil two new iPad models and release of OS X Yosemite on October 21st.

Steel names gained on strong guidance ahead of earnings season out of US Steel, Nucor and Steel Dynamics. US Steel said it would not proceed with a planned expansion at its iron ore pellet operations in Minnesota. As a result, US Steel said to expect Q3 results significantly higher than current consensus EPS estimates. Nucor offered very strong Q3 results and also cited good market conditions. Steel Dynamics said strength in automotive, manufacturing, energy, and construction markets continue to improve.

Oracle CEO Larry Ellison stepped out of the CEO role, naming his two top executives, President Mark Hurd and CFO Safra Catz, to co-CEO roles. The announcement called some volatility in the stock, but on the conference call Ellison indicated the promotion was essentially in name only as he will remain at the company as chairman and CTO and said the three of them "will keep doing what we have been doing." Oracle's Q1 EPS and revenue missed expectations once again, and guidance for the second quarter wasn't great.

Shares of Rite Aid tanked 17% this week after the firm cut its FY15 forecast. Ironically, Rite Aid reported a second quarter profit nearly four times higher than a year ago on decent comps. However, the company warned it would see a decline in the pharmacy margin in the second half of the fiscal year.

On the M&A front, Dutch brewer Heineken was approached by SABMiller about a potential takeover, however Heineken's controlling family, which owns just over 50%, said it wanted to keep the company independent. There were separate reports that AB InBev was discussing financing options for a bid for SABMiller, although later reports said the financing was not for an SABMiller buy. Microsoft confirmed that it will pay $2.5 billion to acquire gaming developer Mojang, the firm behind the wildly popular game Minecraft. Rackspace shares cratered after it announced it had ended a months-long strategic review process and concluded it would remain independent.

In FX, the euro was stable though the first half of the week, with EUR/USD range bound around 1.2900. The very unsatisfactory TLTRO auction slammed the single currency down to 1.2835. Heading into the last days ahead of the Scotland vote, polls tilted toward the no vote, helping to strengthen the pound. Lows of the week in GBP/USD were around 1.6160, but by close of voting on Thursday the pair had moved up to 1.6520.

China's August economic data was worrying: industrial output growth slumped to its lowest rate in nearly six years, as electricity generation fell for the first time since 2009. Retail sales also slowed to a four-month low, while fixed asset investment contracted by 14% y/y to its lowest level in 2.5 years. Later in the week, August property prices registered a fourth consecutive m/m decline in 68 out of 70 cities. The PBoC's CNY500 billion SLF liquidity was a direct response to the data, and was estimated as the equivalent of a 50bps cut in the Reserve Requirement Ratio. The following day, PBoC also lowered the offered 14-day repo yield by 20bps to 3.50% - the lowest level since early 2011 - in a bid to further boost liquidity. Analysts have differed on the implications of these actions, as some suggested these reflect a more pronounced easing bias while others saw a diminished likelihood of an across-the-board reserve requirement cut. For the week, the Shanghai Composite closed down 0.1%.

- On Friday, the Japan cabinet office cut its September monthly economic assessment for the first time in 5 months. Officials pointed to soft private consumption, which remains weighed down by the April sales tax increase with an added headwind of rough weather over the past several weeks. On Friday, Japan PM Abe promised to continue with structural reforms, while also hinting at another corporate tax rate cut in 2015. Broad-based post-FOMC US dollar strength throughout the week pushed the USD/JPY exchange rate by another 2 big figures above the ¥109 level, helping Nikkei225 to a 2.4% weekly gain.