Monday, December 16, 2013

Dec 16 2013

If that's not the best way to start a week... Head and Shoulder reversal on FB, clean as a whistle.

Very decent day with good management, small stops and nice 1:2 and 1:3 wins.

Session Time: Mon Dec 16 00:00:00 2013
[08:52] {nemo} top on IWM so far is the Weekly Pivot top on SPY is the confluence of the Weekly and Monthly Pivot
01[08:54] {@Threei}  I wish I knew what this means...
[08:54] {nemo} price action is respecting those levels so far
01[09:02] {@Threei}  58% Oppose HealthCare Law’s Individual Mandate
01[09:02] {@Threei}  good timing
[09:02] {nemo} 84% of the population are morons
01[09:03] {@Threei}  Obama's approval rate drop among 18-29 years old from the election date is 22 points
01[09:03] {@Threei}  another good timing
[09:10] {dino} gm
01[09:10] {@Threei}  dino :)
01[09:10] {@Threei}  how are you weathering the snow?
[09:13] {dino} 14" of snow friday thru saturday night
[09:14] {dino} going to be a white xmas
01[09:15] {@Threei}  that's a low
01[09:15] {@Threei}  lot
[09:15] {cc_9} good morning 
[09:17] {Will49} gm
01[09:18] {@Threei}  cc9, will :)
[09:19] {RonS} howdy y'all
01[09:20] {@Threei}  ron :)
[09:22] {dino} fed meeting today/tomorrpw?
[09:22] {nemo} don't they start on Tuesdays?
[09:22] {dino} you may be right
01[09:23] {@Threei}  yep, tomorrow and Wed
[09:23] {nemo} dino, the econoday website publishes a weekly calendar of important market numbers and events
[09:24] {nemo}
[09:27] {ese} morning
[09:27] {RonS} ese in the house
[09:27] {ese} lol
[09:27] {Will49} welcome back
01[09:28] {@Threei}  ese :)
[09:28] {ese} tks...........hadn't been that busy since I don't know when
[09:28] {ese} 7 shows in the last 12 days
[09:30] {ese} put some swing buy stops in L invn 15.91 500shs L erj 31.50 400shs
[09:30] {barbo} GM
01[09:30] {@Threei}  barbo :)
01[09:32] {@Threei} Short Setup: GLD  .20 break
01[09:32] {@Threei}  If holds  .30 
01[09:33] {@Threei}  secondary entry if holds .25 only
01[09:33] {@Threei}  I don't presume anyone got it on a first break
[09:34] {Will49} i did
01[09:34] {@Threei}  really? wow
[09:34] {Will49} surprising eh?
01[09:34] {@Threei}  put a stop at .26 then
01[09:34] {@Threei}  tested within 1 cent from 1:1
[09:35] {ese} out erj .91 +.41
[09:35] {Will49} nice
01[09:35] {@Threei}  (US) Harvard University tweets that there are unconfirmed reports of explosives found at four sites on campus- Harvard's verified twitter account says: "Alert: Reports of bombs placed on campus are unconfirmed. There have been NO reports of explosions."
01[09:35] {@Threei}  1:1
[09:35] {ese} tks
[09:36] {ese} it's a dino inspired +.40
01[09:36] {@Threei} Short Setup: GDX  .15 break
01[09:37] {@Threei}  If holds  .25 
01[09:38] {@Threei}  WSJ: The flagship fund of prominent Canadian hedge-fund manager Eric Sprott has dropped more than 50% this year in what will likely be the third consecutive year of double-digit percentage losses
01[09:39] {@Threei}  heh
01[09:39] {@Threei}  mind-boggling... big fund managers do the same idiotic thungs that destroy accounts of day trader wannabees
01[09:40] {@Threei}  let's hold stubbornly on our thesis and hope it tunrs right one day
[09:41] {dino} gj ese
01[09:43] {@Threei} Long Setup:  C  .50 breal
01[09:43] {@Threei}  If holds  .43 
[09:44] {cc_9} AGEN some pulp
[09:45] {dino} avgo sm s .00
[09:46] {nemo} ahh sheesh...adbe
01[09:46] {@Threei}  C stop to .44
01[09:46] {@Threei}  meh
[09:49] {robbers} Out GLD, thanks.
[09:49] {nemo} apc .40 level
01[09:50] {@Threei}  :)
01[09:50] {@Threei}  GDX stop to .21
[09:51] {dino} cov avgo .50, +.50
01[09:52] {@Threei}  overtightened C
01[09:52] {@Threei}  ugh
[09:52] {cc_9} AGEN might try ape over 3.10
[09:53] {nemo} we need a cc_9 dictionary of terms
[09:54] {ese} if Les is hangin.......the retrace in RIG is huge
[09:54] {cc_9} needs 3.10 offer to go
[09:54] {RonS} Les gone
[09:55] {cc_9} AGEN 3.10 offer, lets see if flies here
[09:55] {ese} where? holidays
01[09:55] {@Threei}  yeah
[09:55] {nemo} quarantine
01[09:55] {@Threei}  lol
[09:55] {ese} lol
[09:55] {cc_9} AGEN trying
[09:56] {RonS} decided beating drum more exciting...
[09:56] {cc_9} 3.15+ go you dog
[09:56] {cc_9} will try to dump 3.18/3.19
[09:57] {cc_9} all out AGEN +$0.16
[09:58] {cc_9} HIMX getting a lot of love today
[09:59] {cc_9} @ all time highs here north of $12
01[10:00] {@Threei} Long Setup:  LULU  .80 break hl
01[10:00] {@Threei}  If holds  .70 
[10:01] {ese} L agen .20
[10:01] {cc_9} AGEN } $3.20
[10:02] {cc_9} short HIMX here small for a profit taking pullback to 11.90ish
01[10:02] {@Threei}  meh
01[10:04] {@Threei} Short Setup: FB  .30 break
01[10:04] {@Threei}  If holds  .40 
[10:04] {cc_9} HIMX, need sell-off under 12 here
01[10:05] {@Threei}  1;1
[10:05] {nemo} vwap just above 54
01[10:05] {@Threei}  that would be perfect place for us to exit in full
[10:05] {cc_9} HIMX not getting a proper flush yet
[10:06] {cc_9} need offer to stay under 19.95
[10:06] {cc_9} 11.95*
[10:06] {nemo} amazingly little on the algo for this index move not much going on in stocks so far
[10:07] {cc_9} HIMX amazing, each dump under 12 bid gets bot
01[10:09] {@Threei}  1:2
01[10:09] {@Threei}  one of rare cases when H&S works cleanly
01[10:09] {@Threei}  normally I don't use this pattern as standalone
[10:09] {nemo} 52 week low for lulu
01[10:09] {@Threei}  but this one was just right
01[10:10] {@Threei}  1:3
01[10:10] {@Threei}  out
[10:10] {ese} agen testing my patience
[10:11] {Will49} nice Vad...good cal and tks
[10:11] {Will49} good call
01[10:11] {@Threei}  yw
[10:11] {ese} db
[10:12] {dino} gj
[10:15] {cc_9} AGEN already dumped the first run up ese
[10:17] {cc_9} HIMX resilient dog so far
[10:17] {dino} not finding much
[10:18] {cc_9} surprised no profit taking HIMX yet, holding up on light volume, 12.10 break could get another spike, will try to cover anything under 12
[10:19] {ese} out agen .95 -.25
[10:20] {cc_9} TWTR possible H&S
01[10:20] {@Threei}  aww, FB
01[10:20] {@Threei}  1: I can't count that far
[10:20] {nemo} .25 support
[10:20] {nemo} povot .03
[10:20] {dino} himx pinned betweem 12.00 and 12.07
[10:22] {cc_9} needs 11.95 to start dropping
[10:22] {cc_9} GDX going nuts
[10:24] {cc_9} HIMX, come on...a little lower
[10:24] {cc_9} there ya go
01[10:25] {@Threei} Short Setup: GDX  .35 break
01[10:25] {@Threei}  If holds  .41 
[10:25] {ese} L urbn .479
[10:26] {dino} jazz drop
[10:31] {cc_9} all out HIMX short +$0.17
01[10:32] {@Threei}  meh
01[10:34] {@Threei}  watching LULU for pullback entry
01[10:34] {@Threei}  under .40 would be ideal
[10:34] {cc_9} GDX goating
[10:34] {nemo} itit should stop under 59
01[10:36] {@Threei}  (EU) ECB's Draghi: ECB exit from loose monetary policy is still very distant - Not easy to assess what the impact will be from the eventual Fed taper, but should not be a major impact on Europe. - Too early to say when Portugal will exit program. - Joint deposit guarantee discussion has been postponed but no abandoned
01[10:36] {@Threei}  in short: I've no idea what I was talking about it's all not easy
[10:37] {cc_9} cannot find crap else to trade
01[10:37] {@Threei}  a bit more, LULU
[10:37] {ese} agreed
[10:37] {nemo} FOMC tradewinds
01[10:37] {@Threei}  ugh
[10:37] {RonS} twtr tested 60 and rolled pretty hard...
[10:38] {RonS} qiwi fruited...
[10:39] {RonS} yrcw pulp
[10:39] {nemo} hate seeds
[10:39] {nemo} we'll have to wait for europe to close
[10:42] {cc_9} market open for a little over 1 hour = already bored 
[10:42] {nemo} time for some of your non-pc off color humor then
[10:43] {ese} ok ok.....I get the friggin pullbacks....don't try and trade a breakouts.....has that been the modus operandi since i've been gone?
01[10:43] {@Threei}  mostly, yes
[10:43] {RonS} osis interesting...check 10 day...15 min
01[10:44] {@Threei}  will... trudeau is going to spend whole 3 days in BC... can you guess why?
[10:44] {Will49} loading up on BC flag?
[10:44] {ese} i doubt urbn will break above .50........will probably have to exit this even
01[10:44] {@Threei}  there :)
01[10:45] {@Threei} Long Setup:  LULU  .40 break
01[10:45] {@Threei}  hl
01[10:45] {@Threei}  If holds  .30 
[10:49] {cc_9} HIMX the gift that keeps on giving
[10:49] {cc_9} looks like small scaps only today
[10:49] {cc_9} $0.10-$0.15 not much else coming through
[10:53] {Will49} Vad..maybe Trudeau is spending a day at ese's house
[10:53] {dino} bnft spike
01[10:54] {@Threei}  hmmm
01[10:55] {@Threei}  that'd expkain his 2 week absence... big cleanup, you know
[10:55] {Will49} lol
[10:57] {cc_9} HLF coming in
[10:58] {RonS} qihu sm l .21
[10:59] {dino} lulu stop -.20
[11:02] {RonS} out qihu +.09  noone hitting offers
[11:04] {RonS} jazz another hit
[11:05] {nemo} I swear, you do it to me on purpose...
[11:05] {RonS} ypf pulp today
[11:05] {cc_9} JAZZ smack back down
[11:05] {RonS} lol...the jazz comment was totally unconcious...
[11:06] {cc_9} HLF getting bids
[11:06] {RonS} ulta 3 day low
[11:07] {cc_9} its got another $1.50 before it tests 12/9 lows
[11:08] {cc_9} HIMX booked profits early :(
[11:12] {RonS} Rob Ford crack scandal creating tension in Canadian cabinet |
[11:12] {cc_9} long HIMX here for reversal
[11:17] {Will49} hey ron...just shut the f*&^^% up about Ford OK? :)
[11:18] {Will49} that's what the finance minister told Kenny lol lol
[11:18] {Will49} really
[11:18] {Will49} how utterly unCanadian
01[11:19] {@Threei}  lol
[11:19] {Will49} how utterly finance ministerial
01[11:19] {@Threei}  just you wait for Trudeau to become PM... that's show us what "canadian" really means
[11:20] {Will49} yeah, he's leanred all the good hand signals from his dad
[11:20] {cc_9} HLF killing it
[11:20] {Will49} learned
[11:22] {dino} lulu l .30
[11:24] {cc_9} GDX breaking out
[11:26] {dino} lulu stop .23-.07
[11:29] {cc_9} all out HIMX +$0.12
01[11:32] {@Threei} Short Setup: P  .55 break hl
[11:32] {cc_9} HIMX = the gift that keeps on giving
01[11:33] {@Threei}  If holds  .65 
[11:35] {ese} gotta go tomorrow
01[11:35] {@Threei}  take care ese
[11:35] {Will49} peace ese
[11:35] {cc_9} later ese
01[11:35] {@Threei}  you were right, will... he IS hosting Trudeau
[11:35] {Will49} :)
01[11:38] {@Threei}  Trudeau: I am torn on Rob Ford issue... I like his drug habits, we are alike... if only he weren't a Conservative, ah...
[11:38] {Will49} LOL
[11:39] {Will49} can you imagine the angst if Trudeau and Obummer were in power at the same time?
[11:39] {Will49} too horrible to contemplate
[11:40] {Will49} see? ese didn't protest at all
01[11:40] {@Threei}  I have little doubt something of this kind is bound to happen, sooner or later
01[11:41] {@Threei}  stop to .61
[11:42] {Will49} hopefully the big volcano under the park in USA will put us out of our misery before that happens 
01[11:42] {@Threei}  he just started to type his protest will... but the knock on the door interrupted {G}
[11:42] {Will49} hahaha
01[11:43] {@Threei}  half out P
[11:44] {dino} bnft sm s .41 gappy
[11:45] {cc_9} HLF all out ape, fresh highs
[11:50] {cc_9} keep an eye on QIHU for a slight bounce
[11:51] {cc_9} HLF god damn it, cant look anymore :(
01[11:54] {@Threei}  1:2
[11:57] {Will49} out P tks Vad
01[11:58] {@Threei}  yw
[11:59] {cc_9} VMEM pop on firing CEO
[11:59] {cc_9} too big a spread, pulp fiction 
[12:02] {cc_9} VXX catching some bids
[12:06] {cc_9} SPY needs to test 179.15
[12:08] {RonS} rkt rocket
[12:09] {RonS} omed oh man
[12:09] {nemo} I got one for you Ron
[12:09] {cc_9} VXX still upticking, could get an SPY baby flush here
[12:09] {nemo} Adbe's name is mud today
[12:10] {RonS} lol nice
[12:10] {nemo} my homage to you
[12:10] {nemo} now excuse me, I have to go throw up
[12:19] {cc_9} SPY wants lower
[12:20] {nemo} yep, finnies to iwm looking iffy
[12:25] {dino} avgo sm s .69
[12:29] {nemo} ooohhh, IWM looks breakoutish probably to .60 area if it does
[12:30] {nemo} triple witching fomc
[12:30] {nemo} hlf looks like might be ready to retrace a bit
[12:33] {nemo} interesting the vix is moving up and the indexes are holding, so what, people buying option insurance?
[12:35] {nemo} well...nevermind about the vix
[12:35] {nemo} sheesh
[12:40] {nemo} mmmmmm seller hlf at .10
[12:54] {nemo} wow, when that .10 seller finishes up that's gonna' pop
[12:59] {cc_9} FB near session lowz
[13:00] {cc_9} nemo, yes, people are buying puts as hedge
01[13:00] {@Threei}  going to crash I think
[13:02] {cc_9} yup, time to trade the XIV
[13:03] {cc_9} SPY next support 178.875
[13:14] {cc_9} SPY drop coming 
[13:14] {cc_9} VXX back near session highs
[13:22] {nemo} now it's got a .90 roof
[13:31] {dino}  avgo stop-.31
01[13:37] {@Threei}  P... watching for short on break of .70 and recross
[13:42] {cc_9} FB new lowz
01[13:45] {@Threei} Short Setup: P  .60 break hl
01[13:45] {@Threei}  If holds  .70 
01[13:51] {@Threei}  Invalidated  
01[14:04] {@Threei}  should have stayd with original idea, .70 short
01[14:04] {@Threei}  that one worked
01[14:11] {@Threei}  (US) Fed Chairman Bernanke: There has been a revolution in Fed communications and transparency, US economy is still gradually recovering- Better communications were key to post-financial crisis policy. ***Makes no comment on monetary policy ahead of Dec 17-18 FOMC meeting.
01[14:12] {@Threei}  I think he has been conferencing with ese... focusing on message instead of the subtance
[14:12] {RonS} sheesh, doesn't the guy know only 3i gets to pat himself on the back?...
01[14:13] {@Threei}  I guess he knows I dislocated my shoulder doing that... tries to take the birned off me
01[14:14] {@Threei}  burden
[14:14] {RonS} lol
01[14:15] {@Threei}  I should have listened to nemo... he told me "never ever try to pat yourself on the back while treading right arm under your left knee and all the way around girl's next door waist to your back"
01[14:16] {@Threei}  (US) White House's Carney: President Obama's stance on the debt ceiling is unchanged ***Reminder: In the fall debt ceiling battle, President Obama repeatedly reiterated that he would not negotiate for an increased debt ceiling. Press articles reported on Sunday that the House Republican leadership had begun strategizing about what it could demand in exchange for a debt ceiling increase early next year.
01[14:17] {@Threei}  Federal judge: NSA phone program likely unconstitutional; stays order to allow for appeal
01[14:19] {@Threei}  Al Gore to a German audience, Dec 2008: “the ENTIRE NORTH POLE CAP WILL DISAPPEAR IN 5 YEARS.”
01[14:19] {@Threei}  we have teo weeks left
01[14:19] {@Threei}  two
01[14:20] {@Threei}  I am going to start beuing my arc right about now
01[14:20] {@Threei}  building
[14:20] {RonS} ...and hasn't inrease 600k sq mi in a year?
01[14:21] {@Threei}  ark
[14:22] {cc_9} GILD flyish
[14:43] {cc_9} yup, its December alright
[14:43] {cc_9} nothing going on
[14:52] {cc_9} CTB
[14:52] {cc_9} damn, just saw it
[15:03] {cc_9} VXX going again, last hour here
01[15:09] {@Threei} Short Setup: GLD  .80 break
01[15:09] {@Threei}  If holds  .90 
01[15:11] {@Threei}  Fake Mandela interpreter is accused of burning 2 men to death
01[15:11] {@Threei}  I feel that guy will compete with Rob Ford
[15:11] {RonS} ...wish nemo was here...
[15:12] {RonS} ...would say: you know what paris hilton says...
[15:12] {RonS} ..."that's hot..."
[15:12] {Will49} lol
[15:13] {Will49} wierd ron
[15:14] {cc_9} VXX trying EOD, strange...SPY not doing much
[15:19] {cc_9} HLF halted pending news
01[15:20] {@Threei}  I assume they elect Ackman as their new CEO
[15:20] {cc_9} News to be "HLF goes private"
[15:20] {cc_9} Ackman commits self-kill
[15:20] {RonS} lol
01[15:21] {@Threei}  where were you when...
[15:21] {cc_9} ackman is kill
[15:21] {cc_9} "yes"
[15:21] {cc_9} lol Vad
[15:21] {RonS} ye old tweet re hlf:  i use it and have put on 40 that good? 
01[15:21] {@Threei}  :)
[15:21] {cc_9} the proper way vad is "when were you"
[15:21] {cc_9} bc "sorry for poor english"
[15:22] {RonS} such a deal...Ukraine likely to get discount for Russian natural gas of at least 25%: Putin ally |
01[15:23] {@Threei}  Herbalife Ltd. Completes re-audit of Fiscal 2010, 2011 and 2012- Herbalife announced that PricewaterhouseCoopers LLP, Herbalifes independent registered public accounting firm (PwC), has completed its re-audit of the Companys consolidated financial statements for the fiscal years ended December 31, 2010, 2011 and 2012, and the audit of the effectiveness of the Companys internal control over financial reporting as of December 31, 2012.
[15:23] {cc_9} HLF "re-audits of 2010/2011/2012 have been completed"
[15:23] {cc_9} i swear, its like they just keep putting out fluff news to squeeze ackman
01[15:23] {@Threei}  There were no material changes to the Companys audited 2010, 2011 or 2012 financial statements included in the amended 10-K/A or to the Companys first, second or third quarter 2013 financial statements included in the amended 10-Q/As as compared with the Companys previously filed financial statements for and as of each of such periods1.
01[15:24] {@Threei}  half out GLD
[15:32] {cc_9} HLF open
[15:32] {cc_9} killing Ackman some more
[15:33] {cc_9} every week they have some new fluff news to push stock up
01[15:33] {@Threei}  when were you Ackman close
01[15:35] {@Threei}  when were you HFL hit 80?
01[15:35] {@Threei}  phone call, ackman jump
01[15:35] {@Threei}  no
[15:36] {cc_9} shorting HLF here
[15:36] {RonS} hearing icahn on cnbc now...
[15:36] {cc_9} closes under 74 imo
[15:36] {cc_9} this is all hype
[15:37] {cc_9} lol Vad
[15:37] {cc_9} i was cleaning window of glass tower
01[15:37] {@Threei}  he is
[15:37] {cc_9} when pjotr scream
01[15:37] {@Threei}  lol
[15:37] {cc_9} "ackman is jump"
[15:37] {cc_9} "splat"
[15:39] {cc_9} HLF this is ridic, needs under 74 NOW!
[15:44] {cc_9} remind me again why is HLF running on this fluff ?
01[15:46] {@Threei}  it kill ackamn
[15:51] {cc_9} all out HLF
[15:51] {cc_9} phew
[15:52] {cc_9} oh god i left a ton on the table HLF
[15:53] {cc_9} fuuuuuuuuuuuuuuuuuuuuuuuuuuu
01[15:55] {@Threei}  1:2 close enough
01[15:58] {@Threei}  ok guys, thank you all
01[15:58] {@Threei}  decent day
[15:58] {Will49} pretty good day Vad tks
01[15:58] {@Threei}  have a great evening
01[15:58] {@Threei}  see you tomorrow