Thursday, April 17, 2014

Market Week Wrap-up  Weekly Market UpdateChinese Medicine for a Dizzy Market

- The vague sense of unease in global markets continued on Monday and Tuesday as heightened volatility sapped risk appetite and drove the yield on the 10-year UST as low as 2.60%. China's Q1 GDP reading on Tuesday night (7.4% v 7.3%e) seemed to calm nerves and equity markets in the US, Europe and Japan moved higher in the second half of the week. Despite the better overall GDP growth, other Chinese March economic data was less reassuring. US corporate earnings were not especially strong, as firms across a wide spectrum of industries failed to show appreciable revenue growth. Early in the week, the situation in Ukraine only got worse, with Kiev seeming to botch attempts to reassert its authority in the restive eastern cities. On Thursday, four-party talks (Russia, Ukraine, the US and the EU) generated a tentative plan to de-escalate the crisis, but it remains to be seen if Russia and its partisans in Ukraine will play along. A mid-week policy speech from Fed Chair Yellen gave some solace to markets, reiterating that rates will likely stay lower for longer in this cycle due to lingering aftereffects of the economic crisis. For the week, the DJIA added 2.4%, the Nasdaq rose 2.4%, and the S&P500 gained 2.7%, for the best week in the broad index since July.

- Housing market reports out this week indicated the industry continues to weaken even after getting past severe winter weather. March building permits and housing starts missed expectations, driven by a slowdown in multi-family starts. The April NAHB housing market index was weaker than expected, moving to an anemic 47 from the 46 seen in the March report, marking the third consecutive month the index has been in contraction territory.

- Factory data yielded better results. The March US industrial production data came in at +0.7%, beating expectations, and the February numbers were revised higher. More importantly, capacity utilization rebounded to 79.2% from 78.4% in February, putting utilization at its highest level since the very beginning of 2008. This is only 0.9 percentage points below the long-run (1972-2013) utilization average.

- The flood of IPOs continued, although market turmoil has been hard on new issues. Out of the 10 IPOs that launched this week, eight priced below their expected ranges and two, Chinese firms Weibo and Leju Holdings priced at the low end of their expected range. The most anticipated new offer was the Twitter of China, Weibo, whose shares gained nearly 20% in trading on Thursday. Chinese e-commerce giant Alibaba, which owns an 18% stake in Weibo, is expected to file for its own US IPO as early as Monday.

- Gold prices tumbled approximately 2.5% on Tuesday, with spot gold dropping below $1,300 from $1,325. There was no immediate catalyst for the move, and prices closed out the week below $1,300. Commentators cited stronger US growth and flagging demand that would follow lower economic growth in China, and ignored the tensions in Ukraine. Silver and copper both moved lower along with gold.

- Earnings season picked up pace with a flurry of financial firms reporting. First quarter results out of Bank of America and Citigroup were mixed. Citi's headline results beat expectations, with net income up y/y and revenue down about 1% y/y, driven by an 18% decline in fixed income revenue. However, the firm's income growth came mostly from lower losses at Citi Holdings as the unit rolls off beleaguered legacy assets. Bank of America reported a headline loss of $0.05, well below expectations, but this was after $6.0 billion in litigation expense ($0.40) related to the FHFA legal settlement and reserves for mortgage-related matters. Much like JPMorgan and Wells Fargo last week, BoA's consumer residential mortgage originations were horrible, down 65% y/y.

- Both Goldman Sachs and Morgan Stanley posted good headline first quarter results, beating top- and bottom-line expectations. However, a deeper look at Goldman's results show a more mixed picture profit and revenue declined on a y/y basis whereas Morgan's profits were up 18% y/y. Goldman's FICC trading arm saw net revenue continue to slump, while Morgan's fixed income business grew its revenue take. Investment banking units at both firms saw double-digit revenue gains.

- United Heath was the first insurer to report earnings for the period covering the rollout of Obamacare, and it claimed health insurance reform related costs (plus lingering sequestration costs) reduced earnings by around $0.35/share. Executives warned that additional losses were possible related to the ACA.

- Investors were unhappy with quarterly results out of Google and IBM after both firms missed revenue expectations. Yahoo was more or less in line, and reported more modest gains in key advertising revenue metrics. Google saw solid y/y growth in profits and revenue, but the key paid clicks metric was negative, raising eyebrows. Sandisk crushed earnings expectations thanks to a big increase in margins and very good retail sales.

- Industrials General Electric and Honeywell, and chemicals name DuPont all missed revenue targets. Revenue and profits fell modestly on a y/y basis at GE and sharply at DuPont, although the latter had warned investors of the slump in guidance a month ago. Honeywell saw modest revenue and earnings growth, and said the firm was "cautiously optimistic on the macro environment, even with some nice momentum exiting the quarter."

- Extensive verbal intervention by European officials continued to exert little downward pressure on the EUR/USD pair. Press sources reported that the next move by the ECB would be to adopt a negative deposit rate, perhaps as soon as the June meeting. EUR/USD bounced around in the 1.3800 handle all week long. GBP/USD hit a 4.5 year high above 1.6800 after the UK unemployment rate moved below the BoE's 7.0% threshold.

- China released a full gamut of March economic data plus Q1 GDP this week. GDP slightly topped expectations, calming fears raised earlier when March M2 money supply increased at the slowest rate in years and aggregate funding fell 19% y/y. The China stats bureau noted consumption was a "decisive contributor" to Q1 GDP growth, and it also said it may begin releasing online sales figures. A researcher with China's top economic planning agency NDRC said that even a slowdown to 6.5% in 2014 overall would be acceptable without triggering more stimulus. On Thursday, a separate report showed that China foreign direct investment fell 1.5% y/y in March, for its first decline in over a year.

Apr 17 2014

Nice solid day, especially considering thin pre-long weekend trading. No fireworks, just "another day in the office" profits.

Session Time: Thu Apr 17 00:00:00 2014
01[09:13] [@Threei}  Wal-Mart Stores Inc Introduces Exclusive in store Money Transfer Service, Cuts Fees by up to 50% for Customers- Powered by Ria (subsidiary of Euronet Worldwide), Walmart-2-Walmart brings lower fees and simplicity to the money transfer market
[09:13] [cosmo} weird
[09:14] [cosmo} wanna be banker...
01[09:14] [@Threei}  Walmart-2-Walmart offers a clear fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50. Competitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000
[09:23] [dptl} good morning
01[09:23] [@Threei}  dp :)
[09:25] [ese} morning
01[09:25] [@Threei}  ese :)
[09:25] [RonS} gm
[09:25] [ese} vad
[09:25] [ese} ron
01[09:25] [@Threei}  ron :)
[09:28] [Les} yo
01[09:29] [@Threei}  Les :)
01[09:30] [@Threei} Long Setup:  C  .30 break
01[09:31] [@Threei}  change to .25 break
01[09:31] [@Threei}  If holds  .15
01[09:32] [@Threei}  no go
01[09:36] [@Threei} Short Setup: WMT  .20 break
01[09:36] [@Threei}  If holds  .30
[09:37] [nemo} slow open my system isn't taxed at all
01[09:37] [@Threei}  Invalidated
[09:37] [thomcbell} mu maybe short setup soon
01[09:38] [@Threei} Long Setup:  YHOO  .10 break
01[09:38] [@Threei}  If holds  36
[09:40] [dptl} in yhoo
01[09:41] [@Threei}  half out .19
[09:42] [Les} tza
[09:42] [Les} sorry
01[09:44] [@Threei}  closed YHOO
[09:44] [dptl} out balance yhoo
[09:45] [ese} that got away....didn't catch it soon enough
01[09:46] [@Threei} Long Setup:  JPM  .50 break
01[09:46] [@Threei}  If holds  .40
[09:51] [dptl} stopped jpm
01[09:51] [@Threei}  no go
[09:52] [thomcbell} damn it mu
[09:52] [thomcbell} took ye off it
01[09:53] [@Threei} Long Setup:  EBAY  .70 break
01[09:53] [@Threei}  If holds  .60
[09:55] [dptl} valid?
01[09:55] [@Threei}  yes
[09:57] [dptl} got only half
01[09:58] [@Threei}  1:1
[09:59] [nathan} good morning gents
01[09:59] [@Threei}  morning nathan
01[09:59] [@Threei}  *(US) APR PHILADELPHIA FED BUSINESS OUTLOOK: 16.6 V 10.0E
01[10:01] [@Threei}  stop to .74 for the balance
01[10:02] [@Threei}  PLUG Plug Power Inc Ticks higher on chatter that it could announce Ford as a customer
01[10:04] [@Threei}  1/4 more out
01[10:04] [@Threei}  stop .79
01[10:05] [@Threei}  closed
[10:05] [dptl} out
[10:06] [dptl}  somehow only got half of the pos on this one
01[10:09] [@Threei} Short Setup: JPM  .35 break
01[10:09] [@Threei}  If holds  .45
[10:09] [ese} been watchin plug all morning...gonna take that bet L plug .30
[10:10] [ese} 1/2
01[10:13] [@Threei}  frikin EBAY rinsed last 1/4
01[10:13] [@Threei}  JPM stop .41
01[10:14] [@Threei}  half out
[10:14] [nathan} 1:1
[10:14] [nathan} ty vad
01[10:15] [@Threei}  yw
[10:15] [dptl} where?
01[10:15] [@Threei}  .27
01[10:15] [@Threei}  1:1
01[10:16] [@Threei}  stop .36
01[10:16] [@Threei}  by the book from here
01[10:18] [@Threei}  1:2
[10:22] [thomcbell} wow twtr very strong here
[10:23] [dptl} what was your entry jpm Vad?
01[10:24] [@Threei}  .33
[10:24] [dptl} ok same
[10:25] [ese} ok am gonna do this L plug avg .29
[10:25] [ese} alot
[10:26] [ese} i'll give you a hint...dn .01 am down 44bucks
[10:27] [ese} am up .03...puuuuuuurrrrrrrfect
[10:27] [ese} opps
[10:29] [dptl} closed jpm
[10:29] [Les} just scalped JPM long, but staying on the side otherwise.
[10:30] [Les} Market more confused than Nemo after a date with a woman
[10:31] [nathan} lol
[10:31] [nemo} at least I didn't get married
[10:32] [dptl} lol
[10:32] [nemo} Les' wife been regretting it ever since
[10:36] [nemo}
[10:37] [dptl} gis, i think its a nice looking set up for long
[10:40] [Les} ooophtouché
06[10:41] * nemo thinks, "should I drop the hammer on Les....mmmhhhhh."
[10:41] [Les} vxx otential db or setting up for dbi
[10:42] [nemo} I think it might be a bit early for that
[10:45] [ese} ok thats enough of a dangerous game out plug .42 +.13.....4400shs
01[10:45] [@Threei}  wtg
[10:45] [ese} tks...learned from the best
[10:46] [Les} gj ese
[10:46] [ese} tks les......can afford to come and see you in switzerland sometime
[10:46] [nemo} probably wouldn't be good for your IQ ese
[10:47] [Les} Nemo's right as always
[10:47] [ese} ouch
[10:47] [Les} but Montreux Jazz is only weeks away ese
[10:47] [Les} that blind black fella gonna be there
[10:47] [ese} memories for sure......last time there summer 81
[10:48] [Les} crikey was but a wee lad in a diaper at that time
[10:49] [Les} DV vxx stands
[10:49] [Les} db
[10:50] [Les} shit ese you were the market in plug
[10:51] [RonS} no way Les, that stock is the most over-followed and over-owned stock out there by the retail trders in the US
[10:51] [ese} hardly buddy.....9.6mil to this point......just a drop in the bucket
[10:51] [Les} c'mon Ron permit me some hyperbole
[10:52] [ese} am thinkin about reloading with half of that 1/2
[10:52] [RonS} just sayin...the whole thing feels like a huge setup
[10:52] [Les} yeh I getchya
[10:56] [RonS} plug has 3200 followers on stocktwits and the message volume on it is so high i had to turn it off...
[10:56] [ese} ron.....i would agree if your talkin bout the mrkt as a whole ...check out the head and shoulders pattern on the spyers 1 min chart
[10:57] [ese} damn close
[10:57] [ese} hmmmmmm maybe not heading up
[10:58] [RonS} h&s is the most failed pattern in the last 5 years, concocted for idiots imo...
01[10:59] [@Threei}  yup, I never use it as standalone
[10:59] [ese} well ...looks like it just failed now
[11:00] [ese} i don't use it either but alot still do which puts some kinda value to be awre imo
[11:00] [ese} aware
[11:06] [RonS} vwap, points of control, pivot points, sentiment charting...these are what is being used...h&s and traditional technical analysis do not work in the era of algo trading...again imo
[11:07] [nemo} I agree, although you can see variations that show weakness that telegraph off of those levels...You see that chart formation on vwap or one of the pivot levels it's more likely to work
[11:08] [ese} i'd agree....i certainly use pivots(nemo got me into that) and vwap ....but still ....just basic price momentum works
[11:09] [nemo} this is such a weird day with op ex and the holiday
[11:09] [ese} indeed
01[11:13] [@Threei} Long Setup:  TZA  .81 break
01[11:13] [@Threei}  If holds  .71
[11:14] [dptl} in tza
[11:17] [dptl} out half
01[11:17] [@Threei}  1:1
[11:18] [Les} PLUG loses vwap. not shortable
[11:20] [ese} patience my little padua......i smell more money here.....if i don't have to go to school first
[11:20] [Les} you wanna paddle me? Isn't that illegal in Canada?
[11:23] [ese} lol
[11:24] [ese} theres always a comedian in the crowd
[11:25] [Les} between Ritalin and meditation don't feel like  making wisecracks
[11:25] [Les} making effort for Nemo
[11:25] [Les} entirely too quiet for his own good
[11:26] [Les} outta here night shift comin a+
[11:30] [ese} L plug .2798......sheesh
[11:32] [ese} cool .28.....i'm up .0002
[11:33] [ese} could things get any better.........i think not.....think of the exchange rate with that in Russia
[11:33] [ese} i probably just made 30 bucks
01[11:34] [@Threei}  in sime countries you could live a month on that
01[11:34] [@Threei}  some
[11:34] [ese} lol
[11:35] [dptl} cuba
[11:35] [ese} nah ...hell no... a great cuban cigar is $200
01[11:36] [@Threei}  not in cuba
01[11:36] [@Threei}  Obama approves sending helmets, sleeping mats and water purification systems to Ukraine, Defense Secretary Hagel says
01[11:36] [@Threei}  hmmm... no crayons?
01[11:36] [@Threei}  how rude
[11:36] [RonS} porta potties?
[11:36] [ese} helmuts?
[11:37] [RonS} why not just send the stuff to Russia and skip the middle man?
[11:37] [ese} what a moron!
01[11:37] [@Threei}  Defense Secretary Chuck Hagel: US moves not meant to 'provoke or threaten Russia'
[11:37] [ese} i like the guy but man hes gettin stupider
01[11:37] [@Threei}  because Russia could get, well, mad?
01[11:38] [@Threei}  I strongly vote for sending crayons
[11:38] [dptl} lol
01[11:38] [@Threei}  no ese... it's you looking closer
01[11:38] [@Threei}  he is what he always was
[11:38] [RonS} wanna see Biden on Russian border blowing kisses...
01[11:39] [@Threei}  blowing, maybe...
01[11:39] [@Threei}  kisses? who over there needs them from him?
[11:39] [RonS} ut oh
01[11:40] [@Threei}  want a shock of a lifetime, Ron?
01[11:40] [@Threei}  go to Moscow, take a walk on one pf the main streets any time of the day, look at the women
01[11:41] [@Threei}  supermodel catwalk by Western standards,
01[11:41] [@Threei}  casually strolling around you
01[11:41] [@Threei}  clothes, makeup, whole enchilada
[11:42] [dptl} out some more tza here...ty
01[11:42] [@Threei}  just out to the corner store
[11:42] [RonS}
01[11:42] [@Threei}  1/4 more out too
01[11:42] [@Threei}  not many dress up for the opera here the way they dress up for casual dash out
[11:43] [dptl} where is your stop now Vad?
01[11:43] [@Threei}  .89
[11:43] [dptl} k
[11:44] [RonS} wonder if Les knows what an enchilada is?...
[11:46] [ese} same in Rome are the biggie
01[11:47] [@Threei}  haven't been there but did hear from a few Canadian friends who visited both and had opportunity to compare
01[11:48] [@Threei}  according to them, Moscow wins by a good margin
01[11:49] [@Threei}  one of my classmates named in this article is behind this campaign:
01[11:49] [@Threei}
[11:49] [RonS} ese look biof
[11:51] [thomcbell} ubnt looking vulnerable
[11:51] [thomcbell} what a run this thing had
[12:01] [thomcbell} wb open
[12:03] [dptl} closed tza ty
01[12:03] [@Threei}  :)
01[12:13] [@Threei} Long Setup:  IWM  .75 break
01[12:13] [@Threei}  If holds  .65
01[12:16] [@Threei}  nah
[12:16] [thomcbell} yhoo 35.99 short break
[12:17] [thomcbell} if holding 36.10
[12:19] [thomcbell} 1:1
[12:21] [ese} gotta go ......cya next week
[12:25] [thomcbell} flat yhoo
[12:25] [thomcbell} all it had was 1:1
01[12:35] [@Threei} Long Setup:  VXX  .15 break
01[12:35] [@Threei}  If holds  .05
01[12:38] [@Threei}  Invalidated
[12:38] [goinshort} morning all !
01[12:39] [@Threei}  hey gs
01[12:39] [@Threei}  morning eh?
[12:39] [goinshort} up early been busy
[12:40] [goinshort} is there a way in mirc to see whats been going on?
01[12:40] [@Threei}  no
01[12:40] [@Threei}  log will be posted as usual though
01[12:41] [@Threei}  look back is available only in mibbit, and limited to certain time
01[12:41] [@Threei}  30 min or something like that
[12:41] [goinshort} ok thanks- you trading anything at the moment
01[12:41] [@Threei}  no, flat
01[12:44] [@Threei}  this market spike is mostly a misread statement from Geneva
01[12:51] [@Threei} Long Setup:  VXX  42 break
01[12:51] [@Threei}  If holds  .90
01[12:58] [@Threei} Long Setup:  IWM  .80 break
01[12:59] [@Threei}  If holds  .70
[13:00] [dptl} in iwm
01[13:01] [@Threei}  1:1
[13:01] [thomcbell} fio 9.50 long break if holding 9.45
[13:01] [dptl} out half
[13:03] [dptl} out more here
01[13:03] [@Threei}  1:2
06[13:03] * @Threei slaps dptl around a bit with a large roll of cash
[13:04] [dptl} :)
[13:06] [dptl} closed
[13:06] [dptl} ty
01[13:08] [@Threei}  yw
[13:13] [goinshort} iwm 1:2+  thanks !
01[13:15] [@Threei}  :)
[13:15] [nemo} iwm banged on the ceiling three times
[13:16] [nemo} which is the Monthly S1 to the penny
[13:38] [nemo} index charts look like yesterday's
[13:48] [thomcbell} selling 1/2 fio at 9.54 - this is a waste of time
01[13:54] [@Threei}  20:14 Associated Press: Deal reached on calming Ukraine tensions
01[13:54] [@Threei}  20:16 Armed men raid Donetsk region broadcasting facility
01[13:54] [@Threei}  heh
01[13:55] [@Threei}  all these negotiations and agreements are waste of paper... Putin is beyond point of no return on Ukraine
[13:58] [cosmo} who's armed men?
01[14:00] [@Threei}  Russian
[14:02] [nathan} hi again,
[14:02] [nathan} my connection...
01[14:02] [@Threei}  hey nathan
[14:03] [nathan} markt close as usual today?
01[14:03] [@Threei}  yes
[14:03] [nathan} tx
01[14:10] [@Threei} Long Setup:  VXX  .75 break
01[14:10] [@Threei}  If holds  .68
[14:26] [dptl} hmm..its still holding
[14:27] [nemo} vxx might have a hard time getting traction in this low volume environment, indexes move up easily
01[14:28] [@Threei}  yes but at the same time, look at IW spike, yet VXX stays put
[14:28] [nemo} I understand
01[14:28] [@Threei}  IWM
[14:28] [nemo} vxx a funny thing, it doesn't necessarily maintain it's correlations
01[14:29] [@Threei}  yes
[14:29] [nemo} time of day, time of week
[14:29] [dptl} still .75 long?
01[14:29] [@Threei}  this divergence right now is exactly what makes me interested
01[14:29] [@Threei}  yes
01[14:29] [@Threei}  and nemo... shame on you
01[14:29] [@Threei}  "it's correlations"???
[14:30] [nemo} trout me
06[14:30] * @Threei slaps nemo around a bit with a Grammar Guide for English-Challenged
01[14:31] [@Threei}  you can spell "bread" as "beer," I won't even blink
01[14:32] [@Threei}  but their-there-they're, I feel like you stubbed me
[14:32] [nemo} or vodka as water
[14:32] [nemo} mother's milk
01[14:32] [@Threei}  and its-it's is right behind
[14:32] [nemo} manna
[14:34] [dptl} in vxx
01[14:34] [@Threei}  In responding to a question from an elderly woman about whether Russia would now seek to take back Alaska, once part of the Russian Empire, Putin hinted at the strategic importance of Crimea's warm-water ports. "Faina Ivanovna, dear, why do we need Alaska?" he said, adding that Alaska is "cold." Putin said he knows that Alaska is now jokingly called Ice Cream, a play on "Krym," the Russian word for Crimea.
[14:35] [nemo} germans use Krym too
01[14:37] [@Threei}  lol
01[14:37] [@Threei}  remember the joke I cited once
01[14:37] [@Threei}  (or twice)
[14:37] [nemo} you've told jokes?
[14:37] [RonS} lol
[14:37] [nemo} that was too easy\
01[14:37] [@Threei}  "Argentina and Mongolia signed peace agreement between Chile and Ukraine"
01[14:37] [@Threei}  now read this:
[14:37] [nemo} I can hear him now under his breath "frickin' pizdah"
01[14:38] [@Threei}  why under? I said that out loud
01[14:38] [@Threei}  Obama and Merkel agreed during the call that Russia should use its influence on armed groups in eastern Ukraine to calm the situation
[14:38] [nemo} yeah, but nobody can hear u
01[14:38] [@Threei}  wife can
[14:38] [nemo} kinda' open ended
[14:38] [dptl} lol
[14:38] [nemo} how to calm them
01[14:38] [@Threei}  she said understandingly "talking to nemo again?"
[14:38] [nemo} AK's tanks and rockets!
[14:38] [nemo} nice
[14:39] [nemo} your wife loves me
01[14:39] [@Threei}  deep-fried, yes
[14:39] [cosmo} Krym de la krym
[14:40] [thomcbell} sndk coming off
[14:40] [nemo} arguably a short setup in iwm or spy but....never short a dull market
[14:40] [nemo} great, we get to hear about a stock's sex life
[14:45] [dptl} out half here
[14:45] [thomcbell} agreed on dull market
[14:47] [nemo} wow since 2 less than 10 million shares of spy
01[14:52] [@Threei}  1:1
[14:53] [dptl} out some more .87
[14:57] [nathan} out too
[14:57] [nathan} tx vad
01[14:57] [@Threei}  yw
[15:03] [dptl} closed...ty
01[15:04] [@Threei}  yw
01[15:04] [@Threei}  but why?
[15:04] [dptl}  have to go, have a good weekend all...thanx Vad :)
01[15:04] [@Threei}  take care, have a good one
[15:10] [nathan} well gents have a nice weekend
[15:10] [nathan} see you on monday
01[15:10] [@Threei}  you too nathan
[15:17] [goinshort} be back monday - thanks Vad
01[15:17] [@Threei}  :)
[15:26] [nemo}
[15:27] [RonS} have a nice weekend everyone.  see you all monday.
01[15:29] [@Threei}  you too ron
01[15:29] [@Threei}  OK guys, lwet's have great relaxing long weekend
01[15:29] [@Threei}  happy Easter, see you on Monday!

Wednesday, April 16, 2014

Apr 16 2014

Very nice day that started with some back and forth trades, then broke decisively our way with 2 1:3ers on IWM and short AIG, and ended with another strong long trade on AIG that didn't reach 1:3 by a few cents being saved by bell. 

Session Time: Wed Apr 16 00:00:00 2014
[08:53] {dptl} good morning
01[08:54] {@Threei}  dp :)
[09:01] {dino} gm
01[09:03] {@Threei}  dino :)
[09:20] {RonS} hello mutes   :)
01[09:20] {@Threei}  ron :)
01[09:26] {@Threei}  watching GDX for 24 break short
[09:27] {RonS} BREAKING: Yamana, Agnico Eagle in pact to buy Osisko for about C$3.9 billion.
[09:28] {ese} i'm here i'm here....let the bells ring let the banners fly i'm here!
01[09:28] {@Threei}  ese :)
01[09:29] {@Threei}  nemo is not here for the morning so you may run free
[09:29] {ese} hmmmmmm that was wasted....nemo and Les arn't can you drive someone crazy if there not here
[09:29] {RonS} dino's std to you ese...
[09:29] {RonS} golf clap
[09:29] {ese} lol
[09:29] {dino} std?
01[09:29] {@Threei} Short Setup: GDX  24 break
[09:30] {RonS} sexually transmitted disease...std
[09:30] {dino} yuk
[09:31] {dino} hell of an open gap
01[09:31] {@Threei} Long Setup:  C  .60 break
01[09:31] {@Threei}  If holds  .50
01[09:32] {@Threei}  change to .50 break
01[09:32] {@Threei}  Invalidated
[09:34] {ese} got csx on the radar
01[09:35] {@Threei} Long Setup:  JPM  .90 break
01[09:35] {@Threei}  If holds  .80
[09:35] {dino} me too ese
[09:35] {dino} gap 26.50 area
[09:35] {ese} dino csx dn ¾% on positive news....might be worth a look
01[09:35] {@Threei}  CSX Guides FY14 EPS up modestly, sees FY15 EPS up by double digits, expects this rate of earnings growth to be sustainable - conf call slides
[09:36] {ese} 3 to 4 % not 3/4
[09:36] {dino} see above ese, on it
01[09:37] {@Threei}  change JPM to .80 break
01[09:37] {@Threei}  If holds  .75
01[09:38] {@Threei}  Newsweek: After Ukraine, countries that border Russia start thinking about nuclear deterrents
[09:38] {ese} blind
[09:39] {ese} L sm csx .25
[09:40] {dino} csx sm l .25
[09:40] {RonS} wow csx has 1 bil sh outstanding
01[09:41] {@Threei}  GDX stop .09
01[09:42] {@Threei}  half out JPM
01[09:42] {@Threei}  stop to .79
[09:45] {dino} nsc sm l .59
01[09:46] {@Threei}  half out GDX
01[09:46] {@Threei}  stop to .01
01[09:48] {@Threei}  closed JPM
[09:48] {dino} out nsc .29, +.70
01[09:48] {@Threei}  wtg
[09:48] {dino} ty
[09:49] {ese} wow dino ...nice one...expect nohing less
[09:50] {dino} got lucky
[09:51] {dino} csx to .59
[09:51] {RonS} golf trips pay off, realizing that the weather is different in the south v the north...
[09:51] {dino} out csx .60, +.35
[09:51] {ese} out csx .68 +.43
[09:51] {RonS} gj
[09:51] {ese} tks
[09:52] {dino} ty
[09:52] {dino} gj ese
[09:52] {ese} tks
[09:53] {dino} markets pulling back
01[09:53] {@Threei} Long Setup:  C  .90 break
[09:53] {dino} 07 red
[09:54] {ese} csx should be cash cow lookin to get in after pullback
01[09:54] {@Threei}  Invalidated
[09:54] {dino} 27.25 area
[09:54] {ese} was thinkin .40 area  maybe little lower
[09:55] {ese} looks like some support there
[09:55] {dptl} long hd
[09:55] {ese} csx maybe...fundamentals are good
[09:57] {dino} stj drop
[09:57] {dino} trades air pocket like
[09:57] {ese} she be jammin and jammin "Stevie Wonder, Master Blaster"...might not make it to .40
[09:58] {ese} as i type it did
[09:58] {ese} dn to .25
[09:59] {dino} stj smr l .52 pulp
[10:01] {Les} sm vxx long ty dino 07 red
[10:02] {Les} scalp only
[10:04] {Les} chop chop
01[10:04] {@Threei} Long Setup:  TZA  .45 break
[10:04] {dptl} stopped hd
[10:04] {dino} out stj .12, +.60
01[10:04] {@Threei}  If holds  .35
[10:05] {dino} np les, hope it helped
[10:05] {ese} man dino......go man go.....well done
[10:05] {dino} thx
[10:06] {ese} L csx .45111
01[10:06] {@Threei}  no go
[10:06] {ese} give me a break
[10:08] {Les} IWM trying to recover the daily uptrend channel
01[10:09] {@Threei}  SPY feels like breakdown still
[10:10] {ese} technically looks like breakdown
[10:11] {dino} fwiw 07 red
[10:12] {ese} hmmmm may have gotten into csx slightly too soon.....thought my  1min 8ma had turned up
01[10:12] {@Threei} Long Setup:  VXX  .45 break
01[10:12] {@Threei}  If holds  .35
[10:12] {dino} 07 green, lots of indecision
[10:12] {ese} alas poor friggin did not
[10:13] {ese} i remember asking this a few weeks back....what is your 07 dino
[10:13] {dptl} watching amat .50 break short
[10:14] {ese} highest cap stocks in all the sectors
01[10:14] {@Threei}  no way
01[10:14] {@Threei}  I am not editing log again {G}
[10:14] {dptl} in amat
[10:14] {dptl}  .56 stop
[10:14] {dino} scrolling scanner of constantly changing 25 stocks moving in increments of .07 or greater, up and down
01[10:15] {@Threei}  1:1
[10:15] {ese}
[10:15] {dino} glog spike
[10:15] {ese} so the stock base is constantly changing
01[10:16] {@Threei}  just a scalp
[10:16] {Les} ty vad. still chopperoony
01[10:16] {@Threei}  yes
[10:16] {dino} yes, its a pulp scanner, whatever moves in .07 or greater shows
[10:16] {ese} L csx a heck of alot more avg .44
[10:16] {dino} capits/euphoria
[10:17] {Les} SPY sitting on christmas top now serving as support. tug of war here
[10:17] {ese} cool...interesting
[10:17] {dino} its where i get 80% of my plays
[10:20] {dptl} stopped amat
[10:23] {ese} and the grammy for the best in the "heck of alot more" category goes to OUT CSX .63 +.19 AT 3K!!!!!!1 thunderous applause
[10:23] {Les} frik me ese. nice one
[10:24] {ese} tks....always loved the grammys
[10:24] {Les} garden beckons a+
[10:24] {ese} haven't done that in a while.......the spirituality of the moment has to be right
01[10:24] {@Threei} Long Setup:  IWM  112 break
01[10:25] {@Threei}  If holds  .90
[10:26] {dino} es4e, nice
01[10:26] {@Threei}  not ready yet
[10:26] {ese} and besides......if dino is seeing green...........that spells money with a capitol M
[10:27] {ese} tks
[10:27] {dino} lol
[10:27] {dino} could be the irish in me
[10:27] {ese} am considering 1k back in here again
01[10:28] {@Threei} Short Setup: RIG  .50 break
01[10:29] {@Threei}  If holds  .60
[10:29] {ese} this thing "csx" is operating independantly of the's easy to read
[10:29] {dino} "better worlds" trading theory
[10:29] {dino} i live by it
01[10:31] {@Threei}  Invalidated
01[10:33] {@Threei} Long Setup:  GM  .60 break
01[10:33] {@Threei}  If holds  .55
01[10:33] {@Threei}  change to .55 break
[10:33] {ese} better worlds?   whats that a book?
01[10:33] {@Threei}  If holds  .50
01[10:34] {@Threei}  quote from the book...
01[10:34] {@Threei}  "there are better worlds than this"
[10:34] {ese} whats the booK?
[10:34] {dino} yes, king
[10:34] {dino} dark towers?
01[10:35] {@Threei}  Stephen King, Dark Towers
[10:35] {dino} csx hl l .45
[10:35] {ese} L csx .47
[10:36] {ese} ascending triangle if i ever saw one on a 1 min chrt
[10:40] {ese} L csx avg .486745
[10:41] {ese} quick calculation in my head .486745 to ahhhhh.....hmmmmmm that puts my profit at......sheesh
06[10:42] * @Threei hands ese an abacus
[10:42] {ese} lol
[10:43] {RonS} imagine if his spelling was so exact  :)
01[10:43] {@Threei}  mind boggles
01[10:43] {@Threei}  meh GM
[10:43] {dino} csx stop .48, +.03
[10:43] {ese} ya ya....ya ya......always a wise guy in the crowd
01[10:44] {@Threei}  ese, nemo is not here... ron has to carry double weight on his shoulders today
[10:44] {ese} yes indeed he does
01[10:45] {@Threei}  Google Inc FireEye uncovers major hole in Android security, Google issues software patch - tech blogs- Google has issued a patch for an attack that could lead an Android user to a phishing site. FireEye recently spotted an malicious Android application that could modify the icons of other applications so that when they're launched, they send victims to a phishing website.
[10:45] {ese} hmmmmm whats that .03 cents 10K dino.......nice
[10:45] {dino} i wish
01[10:46] {@Threei}  so, Kyiv sends 6 armored vehicles in one of the cities overtaken by Russian paramilitary... guess what happens next
[10:46] {ese} I Wish is by Stevie Wonder
01[10:46] {@Threei}  right, those vehicles are now driving under Russian flag
[10:47] {ese} "lookin back on when I, was a little nappy headed boy"
[10:51] {ese} ok may be right....this is an aweful long hang here with csx and it notgoin anywhere
[10:52] {ese} oops....there we go
[10:53] {ese} no punchy through the upper B band......hmmmmmm
01[10:53] {@Threei} Short Setup: WMT  .20 break
01[10:53] {@Threei}  If holds  .30
[10:57] {dptl} watching gt for .85 break long
[10:58] {dino} adtn drop
[11:03] {dptl} hpq .40 break short...watching
[11:04] {ese} out csx .54 +.05?????? gotta go all cya tomorrow
01[11:04] {@Threei}  take care ese
[11:04] {ese} cya vad dino dp ron et al
[11:06] {dptl} all my watching invalidated
[11:06] {RonS} always wonder, if al gets et, how can he still be around?
01[11:07] {@Threei}  lol
01[11:07] {@Threei}  took me a sec
[11:15] {dptl} in gt
[11:15] {dino} cnmd?
01[11:15] {@Threei}  no go WMT
01[11:15] {@Threei}  back and forth day
[11:16] {RonS} CNMD Conmed Explores Sale
01[11:16] {@Threei}  CONMED Corporation Said to have recently hired advisors to help advise on possible sale of the company - financial press
01[11:16] {@Threei}  that's yesterday though
[11:17] {RonS} CONMED ($CNMD) Worth up to $59/Share in Takeover - Needham & Company
[11:17] {dptl} half out gt
[11:18] {dino} ty
[11:20] {dptl} stop to .84 gt
[11:24] {dptl} out
01[11:25] {@Threei} Long Setup:  IWM  .80 break
01[11:25] {@Threei}  If holds  .70
[11:25] {dptl} will do scalps from now on today
01[11:28] {@Threei}  {scalps}??
[11:28] {dino} cvlt sm l .00
01[11:28] {@Threei}  IWM valid still
01[11:28] {@Threei}  1:1
[11:28] {dptl} yes will scalp whole pos
01[11:29] {@Threei}  nevermind... that was a joke
01[11:29] {@Threei}  scalps were outraged by the threat of violence
01[11:29] {@Threei}  1:2
[11:29] {dino} out cvlt .24, +.24
[11:29] {dptl} :)
01[11:30] {@Threei}  (RU) Russia Fin Min Siluanov: Fiscal policy needs to be tightened, sending more budget funding into the economy is unreasonable given level of capital flight
01[11:30] {@Threei}  or try to occupy 2-3 more countries
01[11:30] {@Threei}  maybe capital returns
[11:33] {dptl} watching sbux
01[11:38] {@Threei} Long Setup:  FB  .65 break
01[11:38] {@Threei}  If holds  .55
01[11:41] {@Threei}  1:1
[11:45] {dino} gj
01[11:45] {@Threei}  ty
01[11:46] {@Threei}  SPY is in the state of uneasy calm
[11:48] {nemo} looks boring out there
01[11:49] {@Threei}  oh, you missed so much
01[11:50] {@Threei}  [09:28] {ese} i'm here i'm here....let the bells ring let the banners fly i'm here!
01[11:50] {@Threei}  [09:28] {@Threei} ese :)
01[11:50] {@Threei}  [09:29] {@Threei} nemo is not here for the morning so you may run free
01[11:50] {@Threei}  [09:29] {ese} hmmmmmm that was wasted....nemo and Les arn't can you drive someone crazy if there not here
01[11:50] {@Threei}  "there not here" might become my new fav
01[11:51] {@Threei}  so many layers "there"
[11:51] {nemo} yeah
[11:51] {nemo} I see C&Hs just broke on fas spy and iwm
01[11:52] {@Threei}  IWM is a toughie today
[11:52] {nemo} Granmama is speaking today
[11:54] {dino} stj spike
01[11:59] {@Threei} Long Setup:  IWM  112 break
01[11:59] {@Threei}  If holds  .90
[11:59] {dptl} long met...stop under .15
[11:59] {dino} stj l .70
01[12:02] {@Threei}  1:1
01[12:04] {@Threei}  European Union Commissioner for Enlargement and European Neighborhood Policy Stefan Fule has said that Russian propaganda today is more aggressive than during the Cold War
01[12:05] {@Threei}  that's true... I haven't heard such vitriol against West since ever
01[12:06] {@Threei}  1:2
[12:06] {dino} out stj .71 +.01 don't like it
01[12:07] {@Threei}  dp... this IWM drive is its reaction on your "scalps only" {G}
[12:09] {dptl} out met :)
[12:11] {dptl} fine met...just keep i am all out
01[12:11] {@Threei}  1:3
[12:11] {dptl} boy...i need a break :)
[12:14] {dino} lol
[12:21] {nathan} hi  gents
01[12:21] {@Threei}  hey nathan
01[12:23] {@Threei} Short Setup: AIG  .30 break
01[12:23] {@Threei}  If holds  .40
01[12:25] {@Threei}  stop to .36
01[12:31] {@Threei}  Fed's open market committee expects interest rates to remain low for 'considerable time,' chairwoman says
01[12:32] {@Threei}  1:1
[12:33] {nathan} nice
01[12:33] {@Threei}  that's me... nice
01[12:33] {@Threei}  many don't think so
01[12:33] {@Threei}  so I beat them into submission with 2x4
01[12:33] {@Threei}  so they agree that I am nice
[12:34] {nathan} :-)
01[12:35] {@Threei}  as russian joke goes... "good will surely defeat the evil... put evil on its knees and kill it horribly"
[12:37] {dptl} short lltc
[12:37] {dptl} .10 break
[12:38] {dptl} stop above .15, will keep it tight
01[12:40] {@Threei}  remember my prediction that Donetsk becomes Russian within 1 month, made on Apr 13?
[12:40] {thomcbell} im looking at it long fyi
[12:40] {thomcbell} lltc
01[12:41] {@Threei}  Pro-Russian activists in Donetsk region are planning a referendum for May 11 where one would be asked to vote on whether one wanted the region to be an independent state, remain part of Ukraine, or become part of Russia.
01[12:41] {@Threei}  right on schedule
[12:41] {thomcbell} setupnot there either way - vwap below and not clearly long setup obviously
[12:42] {dptl} stopped lltc
[12:46] {thomcbell} dp they sold right into that spike
[12:47] {dptl} yeap
[12:47] {dptl} speechless
01[12:48] {@Threei}  balance stop to .27, AIG
[12:51] {dptl} watching esv for .90 break short
[12:58] {dino} back in 30 minutes or so
[13:00] {dptl} in esv
01[13:00] {@Threei}  1:2
01[13:01] {@Threei}  with these last two, IWM for 1:3 and AIG 1:2 so far, day looks nice
01[13:03] {@Threei}  Yellen is finally takes her favorite seat, read the last words:
01[13:03] {@Threei}  (US) Fed Chair Yellen: Labor market is behaving in perplexing ways, developing new patterns, employment recovery has been frustratingly slow- Fed to adjust policy to drive healing in the job market. - Not just seeing cyclical problems, seeing technological and institutional change, growing inequality.
[13:04] {nathan} back in 10min
[13:04] {thomcbell} lltc looks like 44.93 short break here dp
01[13:04] {@Threei}  to remind, this is the gal who always advocated for raising minimum vage drastically as a method of healing all society ills
01[13:04] {@Threei}  1:3  AIG
01[13:04] {@Threei}  out
[13:06] {dptl} half out esv
[13:14] {dptl} out balance
[13:17] {dptl} watching yhoo .10break short may be
[13:18] {dptl} oops i am in
[13:19] {RonS} you say that to all the girls...
[13:19] {dptl} lol
[13:20] {nathan} lol
01[13:22] {@Threei}  and scalps are scared of him to death after he promised to "do them"
[13:24] {dptl} stopped
[13:24] {dptl} dont understand today
[13:27] {thomcbell} what a circus
[13:29] {dino} .
[13:31] {dino} that was me yesterday morning dp
01[13:31] {@Threei}  CYBX Ticks lower cautious mention by financial blog- TheStreetSweeper says Cyberonics products linked to 9,000 deaths and injuries since 1998.
[13:34] {dino} cvlt big range on daily
[13:35] {dino} stj running 61-61.40 back and forth
[13:50] {dino} scanners are dead
01[13:50] {@Threei}  yeah, quiet
01[13:50] {@Threei}  before the storm, I suspect
[13:53] {nathan} can't belive it
[13:53] {nathan} hit 2 time my 1:1 and the third only sold me 141 of 300
[13:54] {nathan} that's bad luck
01[14:30] {@Threei} Long Setup:  AIG  .10 break
01[14:30] {@Threei}  If holds  50
[14:32] {dptl} in
[14:38] {dino} calling it a good day and week. back on tuesday. good luck all and happy easter
[14:39] {thomcbell} take care dino
01[14:39] {@Threei}  happy easter dino, have fun
01[14:39] {@Threei}  we promise to leave some money in the market for you
[14:39] {dino} :)
[14:40] {nathan} take care dino
[14:43] {nemo} indexes gonna' pop
01[14:43] {@Threei}  that's what I feel too
[14:43] {nemo} relative volume is so low
[14:44] {nemo} path of least resistance
[14:44] {nemo} too many frickin' bears around too
[14:44] {thomcbell} day has been a bit maddening
[14:44] {nemo} why?
[14:45] {thomcbell} havent gotten it done today
[14:45] {thomcbell} lots of stops
[14:45] {nemo} stilted range in the indexes
[14:45] {nemo} not much moving
[14:45] {nemo} coming to the end of the holiday week too
[14:46] {thomcbell} havent adapted to the environment of the last few days
[14:46] {dptl} you tightening stop aig now ? Vad?
01[14:46] {@Threei}  .04
[14:46] {dptl} k
01[14:51] {@Threei}  1:1
[14:52] {dptl} out half ty
[14:53] {nathan} 1:1 tx vad
01[14:53] {@Threei}  :)
[15:01] {dptl} i'll move stop to .14 now
01[15:02] {@Threei}  I'd prefer .25 break for trailing to .14
01[15:03] {@Threei}  but admittedly, it's a persinal preference
01[15:03] {@Threei}  personal too
[15:03] {dptl} ok ..will keep 09
01[15:09] {@Threei}  trail to .14 now to protect from double top
[15:09] {dptl} k
06[15:28] * @Threei kicks AIG in the rear
[15:29] {thomcbell} gm trading very well here
[15:29] {thomcbell} looks like 34 long break
[15:29] {thomcbell} if holding 33.90
[15:32] {nathan} well gents have long weekend
[15:32] {nathan} happy easter
01[15:32] {@Threei}  take care nathan
[15:33] {dptl} market open tomorrow?
01[15:33] {@Threei}  yes
[15:33] {dptl} oh ye...friday closed
01[15:39] {@Threei}  1/4 more out
01[15:39] {@Threei}  stop .19
01[15:39] {@Threei}  time's pressing
[15:40] {dptl} out some too
01[15:47] {@Threei}  1:2
01[15:47] {@Threei}  stop to .24
01[15:48] {@Threei}  either it spikes on last minutes or we close it here
[15:48] {dptl} ok
[15:48] {dptl} offered .39 last
06[15:50] * @Threei slaps dptl around a bit with a large roll of cash
[15:50] {dptl} :)
01[15:58] {@Threei}  ok
01[15:58] {@Threei}  out .35
[15:58] {dptl} out
01[15:58] {@Threei}  saved by the bell :)
01[15:58] {@Threei}  no complaints at all
01[15:58] {@Threei}  good day
01[15:59] {@Threei}  thank you all, have a great evening
01[15:59] {@Threei}  see you tomorrow
[15:59] {thomcbell} gn

Tuesday, April 15, 2014

Apr 15 2014

Nice day with many strong trades, 1:3 and 1:4. As market moved up and down, so changed our direction in a close tune. Nothing exotic, usual suspects: GDX, C, JPM, EBAY, YHOO, TZA, IWM...

Session Time: Tue Apr 15 00:00:00 2014

[08:46] {cosmo} wow precious metals
01[08:46] {@Threei}  serious rug pull
[08:47] {thomcbell} pretty wild
01[08:50] {@Threei}  I don't see much news on it
[08:51] {thomcbell} apparently GS had a negative piece and i have not found it but something negative china related
[08:51] {cosmo} someday that mystery hold of gold will be revealed that will cut the market in half...nervous spikes in the mean time...
01[08:52] {@Threei}  I see World Gold Council comments on China and gold, mostly positive (but what else to expect from them)
[08:55] {cosmo} i do like Si below 19 btw...especially mercury dimes (my favorite)
[09:00] {dino} gm
01[09:00] {@Threei}  hey dino, welcome back
[09:01] {dino} ty, i trust you made $$$ while i was away
01[09:01] {@Threei}  we did
[09:01] {dino} i expect nothing less, :)
01[09:03] {@Threei}  overakll, business as usual... more or Russia, less of Ukraine, more of sanctions, less of common sense...
01[09:03] {@Threei}  or = of
[09:16] {Les} gm
01[09:17] {@Threei}  les :)
[09:18] {Les} stop smiling this is serious
01[09:18] {@Threei}  this is serious smile
[09:18] {Les} SPY DBI potential here
01[09:18] {@Threei}  and GDX
[09:19] {Les} ah yes serious ass kicking in futures
[09:22] {RonS} howdy y'all
01[09:23] {@Threei}  ron :)
[09:26] {ese} mornin
01[09:27] {@Threei}  ese :)
[09:28] {ese} expecting anything new and exciting today
[09:28] {nemo} you mean like an intelligent comment from
[09:28] {ese} ouch
[09:28] {nemo} sorry, I'm in a bad mood
[09:29] {ese} lol
[09:29] {nemo} get my email
[09:29] {nemo} ?
[09:29] {ese} ya but.......that how I know you like me
[09:29] {nemo} ;-)
[09:29] {ese} no....when did you send it
[09:30] {nemo} yesterday I think
[09:30] {nemo} gmail
01[09:31] {@Threei} Short Setup: GDX  .75 break
01[09:31] {@Threei}  If holds  .85
01[09:32] {@Threei} Long Setup:  C  .05 break
01[09:32] {@Threei}  If holds  .95
01[09:32] {@Threei}  change to 48 break
[09:33] {ese} bloody hell...damn computer connections
01[09:33] {@Threei}  stop under .90
01[09:33] {@Threei}  trail to .94 after .05 break
01[09:34] {@Threei}  .94 now
01[09:35] {@Threei}  half out
01[09:35] {@Threei}  1:1
[09:36] {Les} 50 day looks good target
[09:36] {ese} L schw .99
01[09:37] {@Threei}  1/4 more out
[09:37] {Les} yep
01[09:38] {@Threei}  1:2
01[09:38] {@Threei}  GDX stop to .81
[09:39] {nemo} op ex activity
01[09:39] {@Threei}  1:3
[09:40] {Les} out .28 ty
01[09:40] {@Threei}  out C
01[09:40] {@Threei}  1:1  GDX
[09:43] {thomcbell} ko looking to short a setup
[09:44] {nemo} wlt 53% short float
01[09:44] {@Threei}  with such gap down, GLD not even trying to bounce
01[09:45] {@Threei} Short Setup: C  .40 break
01[09:45] {@Threei}  If holds  .45
01[09:47] {@Threei}  Russian paramilitary leaders in eastern Ukraine caught on tape communicating with Moscow
[09:47] {thomcbell} yhoo 33.80 long break
[09:48] {nemo} quite the bear trap yesterday afternoon
01[09:49] {@Threei}  GLD closed balance
01[09:49] {@Threei}  GDX
[09:49] {thomcbell} yhoo 1:1
01[09:49] {@Threei}  this must be the most ridiculous headline of the day:
01[09:49] {@Threei}  US, Germany, France ready to help Ukraine develop agriculture sector
[09:49] {nemo} they're killing the put holders
01[09:50] {@Threei}  before or after it ceases to exist?
[09:50] {cosmo} what to grow i wonder....
01[09:50] {@Threei}  out C, not ready yet
[09:51] {ese} gotta feed armys
01[09:52] {@Threei}  White House: US not considering providing military aid to Kyiv
[09:52] {ese} 1 min higher low schw
01[09:52] {@Threei} Short Setup: GLD  .60 break
01[09:52] {@Threei}  If holds  .70
[09:52] {Les} short c
[09:52] {ese} gotta hand it to Puttin....reading Obama like the back of his hand
01[09:53] {@Threei}  totally
01[09:53] {@Threei}  and the rest of the West as well
[09:54] {dino} db hl l .55
[09:54] {ese} yup......fighting in Afghanistan and Iraq......has soffened us stomach for getting involved anymore
01[09:55] {@Threei}  well, one thing I can agree with Obama on is, it's time for Europe to solve the problems in its own backyard without handing it to USA
[09:55] {ese} true
01[09:56] {@Threei}  GLD is valid still
01[09:57] {@Threei}  (US) Police in Boston, Masssachussets are investigating reports of a possible pipe bomb near south station - Boston glob
01[09:57] {@Threei}  great
01[09:57] {@Threei}  on anniversary of the Boston bombing
[09:58] {cosmo} it went off?
01[09:58] {@Threei}  no
01[09:58] {@Threei}  report of sighting bomb-like device, I understand
[09:59] {ese} had a pipe bomb got off in my basement 4 weeks ago
[09:59] {ese} water all over the damn place
01[09:59] {@Threei}  Invalidated  GLD
01[09:59] {@Threei}  *(US) APR NAHB HOUSING MARKET INDEX: 47 V 49E -
[10:01] {dino} met hl l .03
01[10:02] {@Threei}  NY AG Schneiderman opens an investigation into Herbalife ($HLF), has two whistleblowers
[10:02] {thomcbell} yhoo im flat guys
01[10:05] {@Threei}  People participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States in 2012, according to data from the Department of Agriculture and the Census Bureau
01[10:05] {@Threei}  Obama: Winning!
[10:05] {ese} out schw .37 +.38
[10:05] {dino} gj
[10:06] {ese} tks dino....1200 shs of the little blighters
01[10:06] {@Threei} Short Setup: EBAY  .60 break hl
01[10:06] {@Threei}  If holds  .70
01[10:08] {@Threei}  valid still
[10:08] {dino} out db .45 -.10
[10:10] {Les} cover half c
[10:11] {dino} met stop .89-.14
[10:11] {Les} half cover .52
01[10:12] {@Threei}  1:1
[10:15] {Les} cover quarter c
[10:18] {ese} ok....what news did i miss...whats turned the mrkt around.....or is it just the natural order of things
[10:18] {nemo} it was a short squeeze
01[10:18] {@Threei}  1:2
[10:18] {nemo} OP EX week, probably trying to get the 184 putholders out
01[10:19] {@Threei}  no news ese
01[10:19] {@Threei}  just market being market
01[10:19] {@Threei}  short squeeze first, then killing optimists
[10:19] {ese} lol
[10:19] {Les} all out C +.36
01[10:19] {@Threei}  market is a giant washing machine never stopping working
01[10:19] {@Threei}  wtg Les
[10:20] {ese} nice one Less
01[10:20] {@Threei}  rinsing one side, then rinsing another
[10:20] {Les} ty u had the right idea just tweaked the setup
[10:20] {ese} I mean Les
[10:20] {nemo} how freudian of u
01[10:20] {@Threei}  lol
[10:20] {Les} huh?
[10:20] {ese} what did you do to tweak the setup
[10:21] {nemo} you were the but of a joke Les
[10:21] {nemo} butt
[10:21] {Les} but
[10:21] {Les} I didn't get it
[10:21] {nemo} not surprised
01[10:21] {@Threei} Long Setup:  C  48 break
[10:21] {ese} Bertha!!!!! Bertha Butt.....of the Butt Sisters
01[10:22] {@Threei}  If holds  .90
01[10:23] {@Threei}  wow, not done selling yet
[10:23] {ese} damn.....I missed my long play with vxx
[10:23] {nemo} spy probably gap closes first
[10:23] {ese} and it would have been a good one to
[10:23] {Les} ebay. 32 ty
01[10:23] {@Threei}  1:3  EBAY
01[10:23] {@Threei}  out
[10:24] {Les} outta here a+
[10:24] {ese} cya les
[10:25] {nemo} what a yank job today
[10:25] {nemo} both bulls and bears got sodomized
[10:28] {ese} interesting way to look at it
[10:29] {ese} well thought out explanation and extremely discriptive
[10:29] {ese} right to the point as well
[10:29] {nemo} I try
[10:31] {dino} pretty good swing on dji 140 pts
[10:32] {ese} do you say volitile in english
[10:32] {nemo} not that way
[10:32] {ese} waiting to hear this one
[10:33] {nemo} volatile
[10:33] {ese} lol
[10:33] {ese} who da thunk it....with and a instead of i
[10:33] {nemo} anybody who knows how to spell it
[10:33] {RonS} someone who knows how to spell?
01[10:34] {@Threei}  lol
[10:34] {ese} the two of you know there are 2 g's in buggar off eh
[10:34] {dino} hig l .71
[10:35] {nemo} you offering there ese?
01[10:35] {@Threei}  I suspect they also know it's spelled "bugger"
[10:35] {ese} yup
[10:35] {nemo} mmmhhhhhh....scary
[10:35] {ese} was trying to use my scottish accent .......
[10:36] {ese} doesnt really come off when printing
01[10:36] {@Threei}  don't even try... I attempted for years to pretend my typing was actually just an accent in written form
[10:36] {nemo} probably wouldn't if you were in person either
01[10:36] {@Threei}  never worked
[10:37] {ese} L schw .02
01[10:37] {@Threei}  watching for long entry on pullback
01[10:37] {@Threei}  JPM near .90 and EBAT .30
01[10:37] {@Threei}  EBAY
01[10:38] {@Threei} Long Setup:  JPM  .95 break
01[10:38] {@Threei}  If holds  .90
[10:39] {dino} met hl l .55
01[10:40] {@Threei}  missed EBAY
[10:41] {ese} L schw avg .99
01[10:43] {@Threei} Long Setup:  EBAY  .30 break hl
01[10:43] {@Threei}  If holds  .20
01[10:43] {@Threei}  change to .25 break
01[10:44] {@Threei}  change to .20 break
01[10:44] {@Threei}  If holds  .15
01[10:45] {@Threei}  1:1  EBAY
[10:45] {ese} Les never did explain how he tweaked the C order........bastard
[10:47] {RonS} thinking he had no idea...just an expression because he did something different than 3i
[10:48] {dino} out hig .83 +.12
[10:51] {dino} ctrp smr l .33 pulp
01[10:51] {@Threei}  closed EBAY balance
01[10:52] {@Threei}  meh JPM
[10:53] {dino} ctrp no go stop -.28
[10:53] {dino} damn, rinsed
[10:54] {dino} bit whippy
[10:54] {ese} nice schw hold amid mrkt retreat.....gotta love the smell of napalm in the morning
[10:54] {dino} lol
01[10:55] {@Threei}  military developments started in Ukraine
01[10:55] {@Threei}  not widely reported yet
01[10:56] {@Threei}  troops moved in two towns taken over by pro-russian militants, there are dead
[10:57] {dino} reload ctrp .09
[10:57] {ese} use the 50
[10:57] {ese} cal
[10:58] {dino} damn, stop
[10:58] {ese} ok ok ....i will
[10:59] {thomcbell} aan 28.49 short break if holding 28.59
[11:00] {thomcbell} distregard
01[11:03] {@Threei}  US Market Update: Military Action in Eastern Ukraine Spooks Markets
01[11:03] {@Threei}  - The situation is very tense in eastern Ukraine today. Ukrainian Interior Ministry troops stormed an airfield between the cities of Slovyansk and Kramatorsk that had been occupied by local militia. Ukraine officials said the forces occupying the small airfield were elements of the Russian 45th Airborne (based by Moscow) and were not local pro-Russia protestors. Fatalities have been reported in the action
[11:06] {dino} pru hl l .16
[11:08] {dino} ctrp last try smr l .00 wide
01[11:10] {@Threei} Long Setup:  JPM  .70 break
01[11:10] {@Threei}  If holds  .60
[11:12] {dptl} good morning
[11:13] {RonS} been interesting...
01[11:13] {@Threei}  hey dp
01[11:13] {@Threei}  missed nice morning
01[11:13] {@Threei}  Invalidated
[11:13] {dptl} slept in :)
01[11:15] {@Threei}  where US tax money goes:
01[11:16] {@Threei}  interest on debt exceeds infrastructure expense
[11:16] {dino} rkt smr l .80
01[11:17] {@Threei}  social security, medicare/medicaid and safety net programs together are 54% of the budget
01[11:21] {@Threei} Long Setup:  JPM  .70 break
01[11:28] {@Threei}  1:1
[11:29] {dino} bco smr l .24
[11:31] {ese} what tha.....cut off again
01[11:32] {@Threei}  1:2
06[11:32] * @Threei slaps dptl around a bit with a large roll of cash
[11:37] {dptl} long so
[11:37] {dptl} SO
[11:37] {dptl} stop under 45
[11:39] {RonS} your news 3i is only going public in US now...
01[11:39] {@Threei}  yup
01[11:40] {@Threei}  I have a bit more of a direct connections :)
01[11:40] {@Threei}  in Kramatorsk aurfield shooting, four Kremlin-backed terrorists dead
01[11:41] {@Threei}  Ukrainian troops have now occupied the military airport and are blocking its entrance
01[11:41] {@Threei}  so they decided not to let Crimea scenario repeat
01[11:43] {@Threei}  problem is, Putn has plan B
01[11:44] {@Threei}  if they block this quiet takeover, it creates pretext for him to send in actual troops to protect "citizen uprizing"
01[11:45] {@Threei}  and that's what spooks the market
01[11:45] {@Threei}  actual open war
[11:47] {ese} damn...stopped schw .72 -.27
[11:47] {ese} bastard
[11:47] {dptl} got out so here
[11:54] {thomcbell} wow wynn
01[11:54] {@Threei} Long Setup:  TZA  .45 break
[11:54] {nemo} wynn is one of the most volatile stocks out there
01[11:54] {@Threei}  If holds  .35
[11:54] {nemo} think iwm goes back to vwap
01[11:56] {@Threei}  1:1
[11:57] {nemo} you believe this action since 3:30 yesterday?
[11:57] {nemo} wow
[12:04] {DetroitDan} is this the day traders room?
[12:04] {RonS} not the kind of double D's I like... :)
[12:04] {nemo} no psychopaths with homicidal tendencies
01[12:04] {@Threei}  lol
[12:05] {dino} yes
01[12:05] {@Threei}  nemo speaks for himself
[12:05] {DetroitDan} have a good day!
[12:05] {nemo} ;-)
[12:06] {nemo} was it something I said
03[12:07] * Retrieving #discussions modes...
[12:07] {dino} you guys blew him off
[12:08] {nemo} I was my usual charming self
06[12:08] * nemo wonders if Ron just spit coffee all over his monitor
[12:09] {RonS} lol
[12:13] {RonS} baby thrown out
[12:13] {RonS} BABY
01[12:13] {@Threei}  hehe
[12:19] {thomcbell} long setup pva 15.25 long break if holding 15.15
[12:20] {thomcbell} i would buy a test of the low too
01[12:21] {@Threei}  when you have 6 min, here is conversation of one of the military units operating in Donetsk pblast with Russian command center, english caption. This is absolutely professional military, with serious combat experience, nithing amateurish or self-organized about it
01[12:21] {@Threei}
[12:22] {thomcbell} waiting pva
[12:22] {thomcbell} turning into a long squeeze here
[12:22] {RonS} shoo scuffed
01[12:27] {@Threei} Short Setup: EBAY  53 break
01[12:27] {@Threei}  If holds  .10
01[12:48] {@Threei} Long Setup:  TZA  .70 break
01[12:49] {@Threei}  If holds  .60
01[12:51] {@Threei}  let's tighten stops
01[12:51] {@Threei}  .64
01[12:51] {@Threei}  and .06
01[12:51] {@Threei}  very unclear here
[12:52] {dino} dia gap 160.02
[12:53] {dino} out rkt .30, +.50
01[12:54] {@Threei}  wtg
[12:54] {dino} ty
[12:54] {dptl} i am out ebay
[12:54] {dino} rko and infy seem to be hanging tough
[12:54] {dptl} dont like it
01[12:54] {@Threei}  me too
01[12:58] {@Threei}  half out TZA
01[12:58] {@Threei}  .78
[12:59] {nathan} hi gents
[13:01] {dino} naz -9% from march high
[13:01] {nathan} how was the golf dino?
[13:01] {dino} grreat
[13:02] {nathan} so stressful? ;-)
[13:02] {dino} never
01[13:03] {@Threei}  hey nathan
[13:04] {thomcbell} dino - feye if i had been shorting feye since 96 i would be covering herre
[13:04] {thomcbell} people targeting the gap
[13:05] {nemo} german market coughed up a furball into the close
[13:08] {dino} i had some trouble w/feye
[13:10] {thomcbell} thing was the short of the year
[13:10] {thomcbell} crazy
01[13:14] {@Threei}  closed TZA on a trail
[13:16] {thomcbell} feye
[13:16] {thomcbell} i couldnt pull the trigger either dino
01[13:19] {@Threei}  watching IWM for long on pullback
[13:20] {thomcbell} C 47.88 long break if holding 47.77
01[13:21] {@Threei}  Until recently, much of the toughest talk of sanctions was coming from Washington, while the Europeans were regarded as—well, wimps. But now, Berlin “is already busy coordinating the next phase of sanctions behind the scenes,” a high-ranking German government official tells Bloomberg News.
01[13:22] {@Threei} Long Setup:  IWM  .20 break
01[13:22] {@Threei}  If holds  .10
01[13:22] {@Threei}  change to .15 break
01[13:22] {@Threei}  If holds  .05
01[13:24] {@Threei}  not ready yet
01[13:26] {@Threei} Long Setup:  IWM  .95 break
01[13:26] {@Threei}  If holds  .85
01[13:27] {@Threei}  1:1
[13:28] {nathan} nice one
01[13:28] {@Threei}  very nice day overall
01[13:28] {@Threei}  a few 1:3ers earlier
01[13:28] {@Threei}  1:2
01[13:28] {@Threei}  1:3
01[13:29] {@Threei}  1:4
01[13:29] {@Threei}  out
[13:29] {dino} db l .80
01[13:31] {@Threei}  dp, you listened to that phone exchange I posted earlier?
01[13:32] {@Threei}  wow, 1:5
[13:34] {thomcbell} C 1:2
[13:34] {nemo} vwap run, they're keeping the options holders off balance
[13:36] {nemo} fall asleep yet Vad?
01[13:36] {@Threei}  no
[13:36] {nemo} I was being sardonic
01[13:37] {@Threei}  IWM trade was quite good at pumping adrenaline up
[13:37] {thomcbell} trailing C to 47.99
01[13:37] {@Threei}  and forgive me for not being able to tell when you are being sardonic
01[13:38] {@Threei}  it's not like you grace us with many other expressions of your inner self
[13:42] {nemo} yes I do...just not often
01[13:42] {@Threei}  and they are not too different from this major one {G}
[13:43] {nemo} Well, I don
[13:43] {nemo} I don't want to confuse people
01[13:45] {@Threei}  this is helpful
[13:50] {nemo} do you really want people to know the warm cuddly me
[13:50] {nemo} ?
01[13:50] {@Threei}  god, no
[13:51] {nemo} it would be like telling people Santa isn't real
01[13:52] {@Threei}  what????
[13:52] {nemo} sorry
[13:52] {nemo} oops
01[13:52] {@Threei}  oh my
01[13:52] {@Threei}  I mean...
01[13:52] {@Threei}  what???
[13:56] {nathan} lol are u real nemo?
[13:57] {nemo} whaddya' mean?
[13:58] {nemo} do I need to insult you in spanish to prove it?
[13:58] {nathan} jajajajja
[13:58] {nathan} do you follow any kinda therapy
01[13:58] {@Threei}  nathan, don't provoke him... next thing he says Easter Bunny and Tooth Fairy are not real... leave me somethingt to believe in :(
[13:58] {nathan} or u spend so many time in front of the screen
[13:58] {nemo} yes....
[13:58] {nemo} alcohol therapy
[13:59] {nathan} lol
[13:59] {nemo} Last night (book night)  1 bottle of Glenmorangie Scotch (18 yrs)  and 1 bottle of Plantation Rum
[13:59] {nemo} oh...and two bottles of wine to wash down dinner first
[13:59] {nathan} mmm sounds good
[13:59] {dino} bounce
[14:00] {thomcbell} out C 48.15
[14:00] {nemo} Holy shit...since 3:30 yesterday afternoon, the SPY has covered $7.50
[14:01] {dptl} long bmy
[14:02] {nemo} die of civilization. - Ralph Waldo Emerson
[14:02] {nemo} The end of the human race will be that it will eventually die of civilization. - Ralph Waldo Emerson
[14:06] {dino} db to .94
[14:07] {dino} tbell, nice c call
[14:08] {dino} out db +.14
[14:09] {dptl} nah...stopped mby
[14:09] {dptl} bmy
[14:14] {dptl} just rinsed me
[14:28] {dptl} watching dal .50break long
[14:34] {dptl} in
[14:38] {dptl} out some
[14:45] {dptl} and more
01[14:45] {@Threei}  good one
[14:47] {dptl} ty...finaly found one
[14:51] {thomcbell} long small data
[14:51] {dino} gj
[14:52] {thomcbell} seems like one big seller
[14:52] {thomcbell} if he lets up its going to scream
[14:52] {thomcbell} splk and feye on fire
[14:52] {dptl} out more dal
[14:56] {thomcbell} or not
01[15:00] {@Threei}  trying to discern the direction for eod
01[15:05] {@Threei} Long Setup:  TZA  .90 break
01[15:05] {@Threei}  If holds  .80
01[15:08] {@Threei}  Herbalife Ltd. Ticks higher on circulation of Dealbook piece that suggests that the investigations into the company by US authorities at this point do not appear to be leading towards implications of criminality- The piece indicates that the DOJ does not appear to be actively pursuing the criminal case, as it has not issued any grand jury subpoenas, and suggests that the FBI will defer to the FTC investigation.
01[15:12] {@Threei}  no go
[15:15] {thomcbell} DAL cery nice one
[15:15] {thomcbell} very
[15:16] {dptl} se ya tomorrow all, got to go
[15:16] {dino}  cya
01[15:16] {@Threei}  take care dp
[15:18] {dino} pru to .46
[15:20] {dino} to .64
[15:21] {dino} met to .78
[15:21] {dino} out met +.23
[15:22] {dino} out pru +.48
[15:22] {nathan} greed is the worst mate in this journey
[15:22] {nathan} i had the perfect afternoon and..
[15:23] {nathan} pissed in one trade
[15:23] {dino} ctrp to .89
01[15:23] {@Threei}  what trade?
[15:23] {dino} greeds a bitch
[15:24] {nathan} i try to short GM when I "thought" was supposed to reverse
[15:24] {nathan} mine
[15:24] {dino} ctrp to .01
01[15:25] {@Threei}  ah... the great sin of thinking
[15:25] {dino} damn, reverse slip, out ctrp .05,
[15:25] {dino} +1.05
[15:25] {nathan} yep
[15:25] {dino} on 2nd thought, nice
01[15:25] {@Threei}  question, nathan
[15:25] {nathan} go ahead
01[15:26] {@Threei}  how often is your thinking making you money vs losing?
01[15:26] {@Threei}  what happens more often?
[15:26] {nathan} dont make me feel worst
[15:26] {nathan} :-)
01[15:26] {@Threei}  why? if I don't, how will you change?
[15:26] {nathan} more often losing
01[15:26] {@Threei}  change starts with pain
[15:26] {nathan} just kidding
01[15:27] {@Threei}  that's your answer to question whether you should continue trading on your thinking
[15:27] {nathan} I agree
01[15:27] {@Threei}  and that answer is not specific to you only
01[15:27] {@Threei}  meaning, it's not that your thinking is incorrect while sxomeone else's is better
01[15:28] {@Threei}  no one's is correct in a sense of making money
[15:28] {nathan} yeah i just should react, instead of think
01[15:28] {@Threei}  we will fix it next week
[15:28] {nathan} one start thinking cmon couple more cents...
[15:28] {nathan} and then...
[15:28] {nathan} grrr
01[15:29] {@Threei}  yup
[15:29] {nathan} oh welll
[15:29] {nathan} have a good night gents
01[15:29] {@Threei}  you too
01[15:36] {@Threei} Long Setup:  IWM  .40 break hl
01[15:36] {@Threei}  If holds  .30
01[15:36] {@Threei}  Invalidated
01[15:40] {@Threei} Long Setup:  IWM  .10 break hl
01[15:41] {@Threei}  If holds  111
01[15:41] {@Threei}  last try
01[15:42] {@Threei}  nah
01[15:45] {@Threei}  ok guys, thank you all
01[15:45] {@Threei}  have a good evening, see you tomorrow
[15:46] {dino} gn all, thx for ideas

Monday, April 14, 2014

Apr 14 2014

Near perfect day, with trade after trade working like charm and a few 1:3ers, just one 6 cents stop. Not bad start for a short week.

Session Time: Mon Apr 14 00:00:00 2014
[08:53] {dptl} good morning
01[08:53] {@Threei}  dp :)
01[08:55] {@Threei}  watching Ukraine developments over the weekend?
[08:59] {dptl} was listening some on the news
[09:20] {ese} gm
01[09:20] {@Threei}  ese :)
[09:22] {RonS} bubba morning everyone...whoever dreamt up that name...
01[09:23] {@Threei}  ron :)
01[09:23] {@Threei}  I think he smoked something really storng
01[09:24] {@Threei}  C quite a gap
[09:26] {ese} whats with the S&P up a point and some......just because retails sales were up
[09:26] {ese} and C beats handily
[09:26] {nemo} technical snapback
[09:26] {ese} ahhhhhh
[09:27] {ese} should fade then
[09:27] {nemo} not today too much
[09:27] {ese} ;)
[09:27] {nemo} that's what would be expected so likely not to be a big fade today
[09:28] {nemo} gonna' be a light week, all the Jews leaving and Good Friday
01[09:28] {@Threei}  Ukraine twists and turns will make it jerky and dangerous
[09:29] {nemo} the rampl got started before 8:00 and retial sales didn't come out before 8:30
01[09:31] {@Threei} Short Setup: C  .55 break
01[09:31] {@Threei}  If holds  .65
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Short Setup: C  .60 break
01[09:32] {@Threei}  If holds  .70
01[09:34] {@Threei}  stop .66
01[09:35] {@Threei}  touched 1 cent from 1:1
01[09:37] {@Threei}  half out
01[09:37] {@Threei}  stop .61
01[09:38] {@Threei}  closed
01[09:39] {@Threei} Long Setup:  WMT  77 break
01[09:40] {@Threei}  If holds  .90
01[09:43] {@Threei} Short Setup: FB  .60 break hl
01[09:43] {@Threei}  If holds  .70
01[09:44] {@Threei}  1:1
01[09:47] {@Threei}  1:2
01[09:47] {@Threei}  1:3
01[09:47] {@Threei}  out
01[09:51] {@Threei}  1:1  WMT
01[09:56] {@Threei}  1:2
01[10:00] {@Threei}  No sign of crackdown as Ukraine deadline passes
01[10:00] {@Threei}  I see their red lines are the same as Obama's
[10:00] {nemo} did they send in the Wyoming cowboys?
[10:02] {cosmo} you mean Nevada?
[10:02] {nemo} it was a joke cosmo
[10:02] {nemo} cosmo=Les
01[10:02] {@Threei}  my prediction is, 1 month from now at least one province breaks off of Ukraine, possibly 3
01[10:02] {@Threei}  Donetsk is first
[10:03] {thomcbell} looking for a long setup in schw
[10:03] {thomcbell} report in am
01[10:03] {@Threei} Long Setup:  DAL  .40 break
01[10:03] {@Threei}  If holds  .30
01[10:04] {@Threei}  valid still
[10:06] {thomcbell} schw 25.11 long break
01[10:08] {@Threei}  stop to .34
01[10:08] {@Threei}  half out
01[10:08] {@Threei}  stop .39
01[10:09] {@Threei}  closed balance
[10:11] {thomcbell} C looks vulnerable Vad
01[10:13] {@Threei}  .15 break
01[10:13] {@Threei}  for C
01[10:13] {@Threei} Short Setup: C  .15 break
01[10:14] {@Threei}  If holds  .25
01[10:14] {@Threei}  Invalidated
01[10:14] {@Threei}  for now
01[10:15] {@Threei}  out last piece WMT on trail
[10:22] {thomcbell} im flat schw - break even
01[10:23] {@Threei} Short Setup: C  .20 break
01[10:23] {@Threei}  If holds  .30
01[10:24] {@Threei}  1:1
[10:28] {dptl} short dhr
[10:29] {thomcbell} pva 16 long break if holding 15.90
[10:29] {thomcbell} especially if it tightens up here between 15.95 and 16
[10:37] {dptl} out dhr
[10:41] {dptl} short dtv
[10:42] {thomcbell} pva 1:1
[10:45] {dptl} sheesh..out dtv
[10:46] {ese} in out in out in out in out in out......vxx xiv vxx xiv vxx xiv....not in that praticular order....300 shs at a up a tough go mee thinks on a non trending day
[10:49] {dptl} watching pm, for .90 break long
01[10:50] {@Threei}  not a good idea dp
[10:50] {dptl} yeah inval
01[10:51] {@Threei}  if it it didn't invalidate, wrong setup
[10:51] {dptl} wrong?
[10:51] {thomcbell} pva 1:2
[10:54] {thomcbell} 1:3
01[10:54] {@Threei}  wtg
[10:56] {thomcbell} flat pva
01[10:57] {@Threei} Long Setup:  TZA  .30 break
01[10:57] {@Threei}  If holds  .25
[10:58] {dptl} watching pg .67 break short
01[11:06] {@Threei}  aaaand, there we go:
01[11:06] {@Threei}  Putin concerned about events in eastern Ukraine, receives appeals asking for help
01[11:06] {@Threei}  help is forthcoming
01[11:07] {@Threei}  half out TZA
01[11:07] {@Threei}  stop .29
01[11:09] {@Threei}  1:1
01[11:09] {@Threei}  14-year-old Dutch girl arrested after American Airlines threat
01[11:09] {@Threei}  what the world's coming to
01[11:09] {@Threei}  14 years old are a threat now
[11:14] {dptl} short pg
[11:18] {nemo} Qs look higher
[11:29] {dptl} out half
01[11:31] {@Threei}  forgot to post 1:2 TZA
01[11:31] {@Threei}  and out last peice now
01[11:31] {@Threei}  piece too
[11:32] {dptl} out pg....should of just take scalp for all
01[11:37] {@Threei} Long Setup:  IWM  .75 break hl
01[11:38] {@Threei}  If holds  .65
[11:45] {dptl} falling asleep here :)
01[11:47] {@Threei}  buy some GOOG, that will wake you up
[11:48] {dptl} lol...right :).....then i am not gonna be sleeping for days
01[11:48] {@Threei} Long Setup:  VXX  .15 break
01[11:48] {@Threei}  If holds  .05
[11:51] {Les} full moon photograph fever a+
01[11:53] {@Threei}  Ukraine’s president calls for deployment of U.N. peacekeeping troops
01[11:54] {@Threei}  UN: man, do something, anything, yourself first
01[11:59] {@Threei}  1:2
01[12:00] {@Threei}  not bored anymore dp?
[12:00] {ese} ok.....i'm done playing my little game today small in and out of the vxx and xiv.....216.87.......seems relatively stressless will give it a shot tomorrow and when i'm comfortable with will start posting calls
01[12:00] {@Threei}  cool
[12:01] {ese} cya vad
[12:01] {ese} ahhh...i see your L vxx.....nice one
[12:05] {nemo} when ese starts saying he's going to post calls, the saying "The blind leading the blind" comes to mind
01[12:06] {@Threei}  one more push please
01[12:07] {@Threei}  FB Reportedly looking to add money remittance feature to WhatsApp texting product
01[12:08] {@Threei}  - Facebook is looking at e-money services, including the ability for people to make peer-to-peer money transfers, using money that is stored on Facebook itself; and has applied for an e-money license in Ireland as part of that. Facebook has declined to comment on the report
06[12:20] * @Threei slaps dptl around a bit with a large roll of cash
01[12:20] {@Threei}  (UR) Russia rep to the OSCE reiterates warning to the Ukraine that force against protesters in the eastern part of Ukraine may lead to civil war
01[12:26] {@Threei} Short Setup: FB  .35 break
01[12:26] {@Threei}  If holds  .45
01[12:26] {@Threei}  1:1
01[12:26] {@Threei}  shweesh, fast
01[12:28] {@Threei}  A Russian fighter jet made multiple, close-range passes near an American warship in the Black Sea for more than 90 minutes April 12 amid escalating tensions in the region, a U.S. military official said
[12:32] {nemo} KSS looks short
[12:35] {nemo} nope, going up with market
01[12:39] {@Threei} Long Setup:  VXX  .05 break hl
01[12:39] {@Threei}  If holds  .95
01[12:47] {@Threei}  1:1
01[12:47] {@Threei}  100% day
[12:54] {nemo} spy setting up to breakout
[12:55] {dptl} short hpq
[12:56] {thomcbell} vad this is pretty wild
[12:56] {thomcbell}
[12:56] {thomcbell} check it out after market closes
01[12:57] {@Threei}  ah yes, saw it
01[12:57] {@Threei}  quite amazing
[12:58] {thomcbell} what a talent
01[12:59] {@Threei}  unique girl... after that video made first rounds, a few imitators popped up, none was even close to this mastery
[13:00] {thomcbell} him 9.54 short break if holding 9.60
[13:00] {nathan} hi gents. good afternon
01[13:00] {@Threei}  hey nathan
01[13:01] {@Threei}  1:2  VXX
[13:04] {dptl} watching abbv .65 break short
[13:07] {thomcbell} that was himx - but im cancelling the idea
[13:09] {dptl} in abbv
01[13:12] {@Threei}  1:3
01[13:12] {@Threei}  out
01[13:13] {@Threei}  who would have thought Monday of a short week, with gap up opening, wpuld turn this nice
[13:14] {nemo} vxx going to .50 probably
[13:21] {dptl} out hpq
[13:21] {nathan} back in 20min
[13:21] {dptl} out some abbv
[13:27] {dptl} done
[13:27] {dptl} is that a short week ?
[13:28] {dptl} fri closed ?
01[13:29] {@Threei}
01[13:29] {@Threei}  Good Friday April 18
[13:30] {dptl} man, always
[13:31] {dptl} somehow i dont have it on my calendar, with all holidays and i dont have that one
[13:34] {dptl} finaly deside to take just scalp on hpq, and so glad :)
[13:41] {thomcbell} himx still kind of loks like a 9.54 short break
[13:41] {thomcbell} the fact that 9.60 still holds it
[13:41] {thomcbell} for so long
[13:41] {thomcbell} 0.06 cent range for an hour
01[13:55] {@Threei}  (UR) White House: We are not actively considering military aid for Ukraine- Confirms that CIA director Brennan visited Kiev over the weekend to discuss "security coordination" - President Obama to speak with Putin as soon as today.
01[13:55] {@Threei}  "Hey Vlad, golf in Crimea this weekend?"
[13:56] {RonS} "only if Dino is playing..."
01[13:56] {@Threei}  "nah, darn Ukrainians haven't constructed any single decent course over there. I have to do everything myself"
[13:57] {dptl} right :) ...i was always wondering what are they actualy talking about, then on the phone
01[13:57] {@Threei}  well, we can be reasonably sure it's not vodka... Obama doesn't strike me as type
[13:58] {dptl} lol
[13:58] {thomcbell} hennessy
01[13:58] {@Threei}  not dogs either, Putin doesn't consider what Obama has a dog at all
[13:58] {thomcbell} lol
[13:58] {dptl} lol
01[13:58] {@Threei}  he ridiculed Bush's dog
01[13:58] {@Threei}  so Obama's is not even in discussion
01[14:00] {@Threei}
[14:10] {thomcbell} covering himx flattish here 9.50
[14:10] {thomcbell} waste of time
01[14:11] {@Threei}  yeah, on a narrow side
01[14:22] {@Threei}  HIMX Hearing Oppenheimer defends the name
01[14:23] {@Threei}  Google Inc Purchases drone maker Titan Aerospace for undisclosed sum - press- The drones can fly for 5 years without landing and could be used in areas of the world without internet access such as Africa
01[14:23] {@Threei}  what kind of energy source keeps thwem in the air that long?
[14:23] {nathan} nuclear?
01[14:23] {@Threei}  in a small drone?
[14:24] {RonS} dunno, but must drone on and on...
01[14:24] {@Threei}  lol
01[14:26] {@Threei}  so, will we ever see a cool air fight between Google drone and Amazon drone?
[14:26] {thomcbell} himx still heavy
[14:27] {nathan} watching LLY, making new lows
[14:28] {nemo} iwm almost closed the gap
01[14:29] {@Threei}  yup, watching it for bounce
[14:29] {nemo} probably they'll take spy and finnies down to pivot first
01[14:29] {@Threei} Long Setup:  IWM  .45 break
[14:30] {nemo} spy would be testing the whole number
01[14:30] {@Threei}  If holds  .40
01[14:30] {@Threei}  that was fast
01[14:30] {@Threei}  too fast
01[14:31] {@Threei}  1:1
01[14:35] {@Threei}  Israeli tech turns jellyfish into paper towels
01[14:35] {@Threei}  sheesh
01[14:35] {@Threei}  do they still sting?
01[14:35] {@Threei}  please don't turn them into toilet paper if so
[14:36] {nathan} 1:1 LLY
[14:36] {nathan} same setup as IWM
01[14:37] {@Threei}  yup
01[14:45] {@Threei} Long Setup:  WMT  .20 break
01[14:46] {@Threei}  If holds  .15
[14:46] {nemo} two way even
01[14:49] {@Threei}  SPY feels to me bottomed out
[14:49] {nemo} probably go back to vwap
[15:02] {thomcbell} come on himx
[15:05] {dptl} leaving early....see ya tomorrow all
[15:06] {nathan} rinsed
[15:08] {nathan} c u dp
01[15:08] {@Threei}  take care dp
01[15:12] {@Threei}  wow
01[15:12] {@Threei}  more selling than looked to be in cards
[15:18] {thomcbell} how about your vxx entry today
[15:19] {thomcbell} 44.05?
[15:20] {nemo} IWM trying to hold the 200 day
[15:27] {nathan} good night gents
[15:27] {nathan} hope to see you tomorrow
01[15:28] {@Threei}  take care nathan... missed great morning
[15:28] {nathan} allways miss the best part :-)
01[15:36] {@Threei}  no need to push at the end I think
01[15:36] {@Threei}  thank you all, have a good evening
01[15:36] {@Threei}  see you tomorrow

Friday, April 11, 2014

Market Week Wrap-up  Weekly Market UpdateThe April Correction

- Thursday and Friday had an air of resignation as market participants watched global equity indices melt and bond yields contract. Many media outlets said there was no real catalyst for the sell-off, however a quick review of some of the more bearish developments over recent days paints an ugly picture for risk assets: no extra easing from the BoJ; no stimulus from Beijing; ECB easing not a sure bet and likely a long way off; FOMC members reeling in fed fund futures expectations; fifty thousand Russian troops camped out on Ukraine's eastern border as armed pro-Russian instigators barricade themselves in government buildings; a second consecutive month of disappointing Chinese trade data; brutal contractions in mortgage issuance at JPMorgan and Wells Fargo; sky-high P/E ratios among momentum stocks. Result: all three major US indices are below their 50-day moving averages, and the Nikkei225 index is down 7.3% on the week. Europe did not suffer as much, although equities were weak on Friday. For the week, the DJIA fell 2.3%, the S&P500 dropped 2.6% and the Nasdaq tumbled 3.1%.

- The Fed minutes displayed an FOMC that was struggling to build consensus and craft a message that would keep the markets from getting ahead of themselves even while inevitable rate hikes creep closer. Several members were concerned that the market might misconstrue the upward drift in the dot chart (which charts where FOMC members sees the fed funds rate over the next three years), given several members moved their dots up a notch despite soft recent data. Several participants noted that the shift in the position of the median dot overstated the extent of the shift in the FOMC's view. More dovish sentiment was found in the line that the FOMC anticipates keeping the target rate below levels viewed as normal in the longer run, even after employment and inflation get close to the mandated levels.

- The Nasdaq led the charge higher on Tuesday and Wednesday, and then led the slide lower in the second half of the week, slipping below the psychologically important 4000 level on Friday afternoon. The usual suspects were complicit in the Nasdaq's big slide on Thursday and Friday: NFLX, TSLA, AMZN and FB fell 6-8% a piece, while BIIB was down 8%, emblematic of the biotech implosion. Twitter shares sank 10% on the week.

- Alcoa unofficially kicked off the US earnings season with a mixed first-quarter result. Alcoa topped earnings expectations but missed on the revenue line. Alcoa reaffirmed that global aluminum demand growth would be flat y/y at +7%, although it also hiked its demand growth forecasts for the aerospace and auto industries, and more generally asserted that global end-market growth remained solid.

- The first quarter headline results out of banks JPMorgan and Wells Fargo contrasted sharply. JPMorgan's earnings fell 28% y/y and the firm missed estimates for the first time in over two years (it was only its fifth miss in the last ten years). Wells Fargo beat earnings expectations in its first quarter, on a healthy y/y gain in net profit. However both firms saw big weakness in mortgage originations: JPM's issuance slid nearly 70% y/y while WFC's new home loans were down nearly two-thirds y/y during the quarter. JPM said that mortgage production would be negative in Q2 - driving a loss for the business unit - and also negative for the year.

- The IPO market was a major theme, as up to 16 companies were planning to begin trading this week making it the busiest week for IPOs since before the financial crisis. The equity correction dented enthusiasm for the new issues, and about half of the planned IPOs were put on hold due to volatility. The two biggest IPOs that did go forward - Ally Financial and hotel chain La Quinta Holdings - priced shares cautiously, below the top end of projections initially given to investors. La Quinta gained as much as 7% on Wednesday, but was only about 2% above its opening price by Friday, while Ally was about 2% below its opening price. The best performing opening was fast casual restaurant chain Zoe's Kitchen.

- Online commerce giant eBay reached a deal with Carl Icahn to end his proxy battle. In exchange for appointing Icahn's man to the board (he originally wanted two), Icahn has agreed to withdraw his PayPal spinoff proposal and will sign a confidentiality agreement, ensuring that further conversations about enhancing shareholder value stay private. eBay's CEO observed that the proxy battle was not helping shareholders or innovation, while Icahn called the deal a "win-win."

- March same-store sales were mostly in the red, as continuing bad weather kept consumers at home, although the declines were generally not as bad as projected by consensus expectations. As usual, the big outlier was Costco, where a healthy +6% comp beat expectations. In retail earnings, discount retailer Family Dollar missed top- and bottom-line expectations, cut its FY14 outlook and warned it would lower prices on a wide range of items.

- WTI crude futures saw strong gains this week, rising to $104.44 from around $101 on Monday, coming within a few cents of a fresh multi-year high. Several factors were at work. Ukraine tensions have ratcheted up since armed pro-Russia protestors seized administrative buildings in several eastern cities. In its March monthly report, OPEC disclosed that output declined 626K bpd on the month to 29.61M bpd. The weaker dollar also helped strengthen the contract. Brent was stable around $107 most of the week after Libya finally reached a deal with protesters to reopen occupied oil terminals. Note that the Brent-WTI spread is at its lowest level since last September.

- Greece sold its first bonds this week since March 2010, just weeks before the markets lost confidence in Athens and forced its first bail-out. This week Greece raised €3 billion in five-year bonds at a yield of just under 5% in a heavily oversubscribed issue. The yield on the Greek ten-year fell below 6%, although many pointed out that is still much too high to be affordable for a country forecast by the IMF to grow by only 0.6% in 2014 and experiencing deflation. While the Greek leadership insists there will be no need for a third rescue package, on Friday Eurogroup Chief Dijsselbloem said Athens might require a bailout program after the summer was over.

- Eurozone officials were very loquacious this week on the subject of possible non-standard measures to deal with slowing deflation. The overall tone from the ECB was that the governing council is not ready to initiate QE, although contingency plans are being made. Weidmann emphasized that extraordinary measures would be have many conditions and should target banking sector. ECB Vice President Constancio echoed his boss Draghi by again saying that April data might show inflation returning to growth, obviating the need for measures. ECB's Nowotny suggested that a decision on QE should not be taken until the June meeting. IMF Chief Lagarde said it would only be a matter of time before the ECB launched a program. EUR/USD was a one-way trade all week, as the pair held support around 1.3700 early on and then traded up to 1.3900.

- The BoJ policy statement on Tuesday dashed any hopes for a fresh round of QE later this month to help offset the rise in consumption tax that went into effect on April 1st. The BoJ maintained its economic assessment for the eighth time in a row, stating that the "economy is recovering moderately" and only made a passing reference to "fluctuations" related to the sales tax. Kuroda's press conference sealed the bank's passive stance, indicating the BoJ does not believe additional easing is warranted at this time and that conditions remain sufficient to achieve the 2% inflation target in the specified 2-year time frame. Already weighed down by falling US treasury yields and general risk-off sentiment, USD/JPY hit three-week lows below ¥101.50. In turn, Nikkei225 collapsed approximately 7.3% this week to its 6-month lows below 14,000. Year-to-date, the Tokyo market is down about 15%.

- China reported its second consecutive disappointing trade balance, only this time around the government was unable to blame seasonality around the Lunar New Year. Although March trade recovered from the deficit seen in February with a surplus of $7.7B, both imports and exports fell, spoiling expectations of a modest y/y increase. The authorities acknowledged softer conditions in Q1 but also remained optimistic that exports would rebound in Q2. Separately, March CPI came in line with consensus at 2.4%, reversing a trend of five consecutive months of slower price growth and allaying investors' concerns about the threat of deflation following the 13-month low of 2.0% in February. China premier Li addressed the Boao Forum on Thursday, reiterating the state council would sacrifice its 7.5% GDP target to achieve stable employment. Li also announced that Beijing would not undertake significant stimulus measures to deal with short-term market volatility.