Tuesday, January 21, 2014

Jan 21 2014

Back and forth day, ending just slightly positive. Market did a lot on aimless wandering around, with no sense of determination either way. As news outfits put it, "perplexing" drop around 11 am left participants, well, perplexed. 


Session Time: Tue Jan 21 00:00:00 2014
[09:08] {dino} gm
[09:12] {thomcbell} gm
[09:12] {nemo} so earnings and no real economic info until Thursday with jobs
[09:16] {Les} raging bull, crouching bear the name of this film?
[09:16] {Les} gm
[09:17] {nemo} did Les make a funny?
[09:17] {Les} SPY flirting with ATH here
[09:17] {Les} of go play with yer rabbit
[09:17] {Les} oh
[09:20] {nemo} one would think upward pressure on markets going into the jobs report on Thursday
[09:20] {Les} whatever
[09:20] {Les} just give me something to shoot at
[09:22] {nemo} R2 iwm here
[09:23] {Les} fakeout or breakout...
01[09:24] {&Threei}  good morning
[09:24] {nemo} who knows as I said overall upward pressure into jobs report....probably a coupla doji days
[09:29] {ese} made it....morning
01[09:29] {&Threei}  ese :)
[09:29] {nemo} oh joy
06[09:29] * Les slaps ese around a bit with a large trout
[09:30] {ese} best hello i've ever got
01[09:30] {&Threei} Short Setup: C  .75 breah hl
01[09:31] {&Threei}  If holds  .80
01[09:33] {&Threei}  meh
01[09:34] {&Threei} Long Setup:  FB  .75 break hl
01[09:34] {&Threei}  If holds  .65
01[09:35] {&Threei}  1:1
01[09:35] {&Threei}  1:2
[09:35] {munky} inj..out .95 WOW
[09:36] {munky} fast ty
01[09:36] {&Threei}  :)
01[09:36] {&Threei}  that's how we like them... fast and easy
[09:36] {nemo} women?
[09:37] {Les} rabbits?
01[09:37] {&Threei} Long Setup:  IWM  .80 break
01[09:37] {&Threei}  If holds  .70
[09:37] {dino} trv sm l .88 pulp
01[09:42] {&Threei} Long Setup:  FB  . break
01[09:42] {&Threei} Long Setup:  FB  .70 break
01[09:42] {&Threei}  If holds  .60
01[09:43] {&Threei}  Invalidated
01[09:44] {&Threei} Long Setup:  FB  .65 break
01[09:44] {&Threei}  If holds  .55
[09:45] {munky} cat down a point
[09:45] {dino} out trv .24, +1.36
01[09:45] {&Threei}  wtg
01[09:46] {&Threei}  keeping an eye on CAT
[09:46] {dino} ty
01[09:46] {&Threei}  doesn't looks ready yet
01[09:46] {&Threei}  no go
[09:48] {nemo} chop chop chop
[09:51] {nemo} finnies trending up
01[09:54] {&Threei} Long Setup:  CAT  91 break hl
01[09:54] {&Threei}  If holds  .90
01[09:56] {&Threei} Long Setup:  YHOO  .65 break
01[09:56] {&Threei}  If holds  .60
01[09:56] {&Threei}  Invalidated
01[09:57] {&Threei}  CAT 1:1
[09:58] {ese} bbry....hmmmmmmmm
[09:58] {thomcbell} vad are  you in there in fb?
01[09:58] {&Threei}  no
[09:59] {thomcbell} darn - you were on the scent
01[09:59] {&Threei}  yeah
01[09:59] {&Threei}  got tempted by other opportunities
[10:00] {ese} bbryEarly strength attributed to report Dept of Defense to use new mobility program
[10:00] {ese} Citron research making positive comments, sets $15 price target - Source TradeTheNews.com
[10:00] {dino} jnj drop
[10:01] {ese} does the white house still Blackberries encryption technology?
[10:02] {ese} that was big news some years back
[10:02] {ese} has made a nice move up since mid Dec
[10:03] {Les} sm JPM short .19
[10:03] {Les} holding .25
[10:04] {dino} bofi spike
[10:05] {munky} FB wicked
[10:05] {Les} stopped -.01
[10:05] {thomcbell} mu looks like a 22.56 long break
[10:06] {Les} FAS VWAP bounce. watching for further weakness
[10:06] {thomcbell} or maybe its a waste of time
[10:06] {nemo} guys it's choppy as shit out there
[10:06] {nemo} there's no catalyst it's hurry up and wait
[10:08] {nemo} expe very weak
01[10:08] {&Threei} Short Setup: CAT  .90 break hl
01[10:09] {&Threei}  If holds  91
[10:09] {dino} 07 red
01[10:10] {&Threei}  1:1
[10:10] {nemo} NQ
[10:10] {Les} there goes FAS
[10:11] {Les} DIA showing relative weakness
[10:14] {Les} DIA drops into support
01[10:14] {&Threei}  1:2
[10:14] {Les} only managed to grap 100 on CAT ty anyway
[10:14] {thomcbell} lulu looking like a long setup here
[10:15] {thomcbell} not playing
[10:18] {dino} trv pullback
01[10:19] {&Threei} Long Setup:  FB  .20 break
01[10:19] {&Threei}  If holds  .10
[10:20] {dino} trv sm l .76
01[10:21] {&Threei}  1:1
[10:22] {ese} Travelers (TRV -0.88%) reported Q4 EPS of $2.68, well ahead of consensus of $2.16.
[10:22] {ese} might go up for days dino
[10:23] {dino} thx ese, saw that too
[10:23] {ese} spyders up against it though
[10:24] {dino} vxx based on s/p?
01[10:25] {&Threei}  loosely
[10:26] {ese} L swks .90
01[10:27] {&Threei}  CAT beauty
[10:28] {Les} C is close to opening support. waiting to see a bounce first
01[10:31] {&Threei} Long Setup:  CAT  .40 break
01[10:31] {&Threei}  If holds  .30
[10:31] {nemo} spy stil dropping
01[10:34] {&Threei}  nah
[10:36] {ese} swks stopped .76 -.14
01[10:40] {&Threei} Long Setup:  CAT  .25 break
01[10:40] {&Threei}  If holds  .15
[10:41] {dino} trv 85 wall
01[10:42] {&Threei}  1:1
01[10:44] {&Threei}  1:2
[10:45] {dino} nice
01[10:45] {&Threei}  ty
01[10:45] {&Threei}  ugh
01[10:45] {&Threei}  FB got away
01[10:45] {&Threei}  was looking at .15 break, missed it
01[10:46] {&Threei}  clean double bottom
[10:48] {Les} europe on the verge of closing flat. doji day for them as bunny boy remarked.
[10:52] {nemo} spy low is daily pivot drops that, look for gap close then weekly pivot at 183.30
[10:53] {Les} sm sso long
[10:53] {Les} .56
[10:53] {Les} stop is clear
[10:54] {thomcbell} spwr looks like a short
[10:54] {thomcbell} to 33
[10:55] {Les} 2/3 out the door
[10:59] {dino} sanw spike
[11:00] {Les} got yer CAT long too ty. modified the setup as I missed the .25 break
[11:02] {Les} out SSO for the scalp
[11:02] {Les} gotta strap an apron on for the boss
[11:03] {RonS} ...and heels?
[11:03] {Les} ...waiting for Nemo
[11:04] {dino} live drop
[11:07] {RonS} live float 1 mil sh...
01[11:13] {&Threei}  looking to short the bounce
[11:13] {munky} which bounce?
01[11:15] {&Threei}  market bounce
[11:17] {Les} helicopter sounds suggest Montreux already warming up for Thursday's circus
[11:18] {Les} Almost feels like the Cold War is back on
01[11:18] {&Threei} Short Setup: FB  .25 break
[11:20] {Les} could bounce to .40 R1
01[11:21] {&Threei}  Invalidated
01[11:26] {&Threei} Short Setup: FB  .40 break
01[11:28] {&Threei}  If holds  .45
[11:33] {thomcbell} u guys see this onvo
[11:33] {RonS} hit piece onvo on sa...hearing
[11:33] {thomcbell} citron
01[11:33] {&Threei}  yup, citron
[11:34] {thomcbell} no shares
01[11:35] {&Threei}  sharp drop time, FB
01[11:36] {&Threei}  meh
[11:37] {munky} newbie question here...whats "meh" stand for?
[11:37] {dino} dk
[11:37] {nemo} 5 cent stop
[11:38] {thomcbell} lulu worked -
01[11:38] {&Threei}  small stop, 5 cents, or full-sized stop on half lot
01[11:38] {&Threei}  doesn't deserve full-blown "no worky," just "meh"
[11:39] {nemo} "meh" is yiddish for "metza metza" in Italian
[11:39] {munky} i tried to load it as a symbol lol
01[11:40] {&Threei}  I capitalize symbols :)
[11:41] {dino} trv sm l .20 for swing or dollar, whatever hits first
[11:43] {dino} sbny spike
01[11:43] {&Threei}  : Equities Under Pressure, Catalyst Unclear
01[11:43] {&Threei}  wow... first time I see they admit they don't know why market dropped
[11:44] {Les} oh they'll have something by tomorrows open
01[11:44] {&Threei}  sure
01[11:44] {&Threei}  "ah, that's why!"
01[11:44] {&Threei}  the three leading indices have all dipped into the red, led lower by a sudden and perplexing decline in the DJIA after 11:00ET
[11:44] {Les} perplexing.... lol
[11:45] {Les} why sir, it is very perplexing this market behaviour
[11:45] {dino} "markets are down because they are not up"
01[11:45] {&Threei}  and that's perplexing
[11:45] {dino} indeed
[11:45] {Les} happy to have learnt to switch the thinking off a little... or at least turn the vol. down
[11:47] {nemo} cat looks short
01[11:48] {&Threei}  90 breal?
01[11:48] {&Threei}  looks tempting
[11:48] {nemo} only thing is time of day
01[11:50] {&Threei}  it's exactly the time when CAT likes to do those long romantic walks far down
[11:50] {munky} wheres the FB short?
01[11:50] {&Threei}  .60 break... but do hl
01[11:51] {&Threei}  not really clear
[11:51] {munky} in
[11:52] {ese} ok....carpet cleaning guy is here......gotta go cya tomorrow
01[11:52] {&Threei}  take care ese
[11:53] {Les} DIA playing ball nicely. suspicious of fade here
[11:53] {munky} ese diapers must have failed
[11:54] {Les} dia
[11:57] {munky} stopped fb
01[12:07] {&Threei}  CAT 1:1
[12:07] {RonS} dino rgr
[12:10] {dino} watching it, had a big run up
[12:10] {thomcbell} lulu
[12:10] {thomcbell} lord
[12:10] {dino} played it friday
[12:12] {nemo} tht is likely a single buyer in lulu taking a position, he might be done now
[12:26] {Les} IWM into VWAP
[12:34] {dino} out half trv .90, +.70
[12:36] {thomcbell} excellent dino
[12:40] {RonS} took rgr 76.20 to 77.55 +1.35
[12:41] {dino} ty tbell
[12:41] {dino} wtg ron
01[12:42] {&Threei}  nice job guys
[12:45] {RonS} data run
[12:53] {Les} http://www.albawaba.com/news/syria-geneva-541223
[12:53] {Les} sounds like the military is already in place. just down the road this..
[12:54] {Les} wonder when ur VP shows up
[12:54] {dino} if you're lucky, he won't
[12:54] {dino} the "joker" smile
01[12:55] {&Threei}  lol
[12:55] {RonS} whr
[12:56] {Les} working it later in the week. wouldn't mind a gander at some big shots
[12:56] {Les} even a dufus like him
[12:58] {dino} agio drop
01[13:02] {&Threei} Long Setup:  LULU  .80 break
01[13:02] {&Threei}  If holds  .70
01[13:07] {&Threei}  1:1 if you went for it
[13:28] {dino} ron that rgr bounces all over
[13:29] {RonS} bangs around?
[13:30] {dino} good one
01[13:50] {&Threei} Short Setup: WMT  .75 break
01[13:51] {&Threei}  If holds  .80
[13:56] {nemo} double top WMT
[13:58] {thomcbell} spwr 33.90 short break
[13:58] {nemo} oh oh
[13:58] {nemo} sorry chart was frozen
[13:59] {thomcbell} invalidated
[13:59] {thomcbell} potentially two sided
[14:15] {Les} FB interesting here
[14:15] {Les} long potential
[14:16] {Les} maybe 2 sided
[14:22] {nemo} just might get my doji today
[14:35] {dino} mrtx drop
01[14:36] {&Threei}  meh
[14:41] {nemo} spy less than 60 mil so far
[14:47] {nemo} indexes looking short...but maybe only to vwap
[14:55] {dino} whx drop
[15:01] {RonS} fallout from mlk day?
[15:08] {dino} zzzzzzzzzzzzzzzzzzzzzzzz
01[15:14] {&Threei} Short Setup: CAT  .50 break
01[15:14] {&Threei}  If holds  .60
[15:26] {dino} rcpt spike
[15:32] {dino} well nemo, we are going to negative temps again tonight thru friday, you too i suppose
[15:32] {dino} highs of single digits during days
[15:32] {nemo} not quite negative, but I ain't doin
[15:32] {nemo} no sunbathing
[15:32] {nemo} I think we'll be making teens...global warming a bitch
[15:33] {dino} probably crazy, but been thinking of hitting the hot tub after the close
01[15:33] {&Threei}  polar vortex is back?
[15:33] {nemo} nah, that's a good idea...we used to do that all the time in Germany and then jump in the snow...I was much younger then though
[15:34] {dino} no snow jumping, but a couple beers would be nice
01[15:34] {&Threei}  "I am much more younger now than I was back then when I was old"
[15:34] {dino} fwiw lost 10 lbs since started diet
[15:34] {nemo} I'm not as think as you stoned I am
[15:35] {nemo} what was that, the Byrds, or Mama's and Papas?
[15:35] {dino} super bowl takkes on new meaning with colorado and washington teams
[15:35] {nemo} saw that
01[15:37] {&Threei}  a lot of aimless wadnering around today in the market
[15:37] {nemo} doin' the vwap walk
[15:37] {dino} sure, but dji put on a 200+ spread
[15:38] {dino} other half of trv won't break out. not sure i want to hold it
[15:38] {nemo} I don't look at the dji much, but because there's no catalyst they've been creating these doji's so you can get some profits
01[15:40] {&Threei}  no go
01[15:40] {&Threei}  annoying day
01[15:50] {&Threei}  note to self: try DKTK setups tomorrow
01[15:50] {&Threei}  CAT would have worked on that
[15:51] {munky} dktk?
[15:51] {nemo} hehehehehhe
[15:51] {nemo} Don't Kid the Kidder
[15:51] {nemo} cat held vwap
01[15:52] {&Threei}  let it stop out, and only then entry on recross - in CAT's case, let it trigger at .60, stop at .70 and then short ,.70 recross
01[15:52] {&Threei}  the abbreviation is what nemo said :)
[15:52] {munky} oh
01[15:53] {&Threei}  normally works better in choppy market
01[15:56] {&Threei}  ok guys thank you all
01[15:56] {&Threei}  have a good evening, see you tomorrow
[15:58] {dino} f'it, out remaining trv .98, +.78
[15:59] {&Threei}  not too shabby
[15:59] {dino} why chance it i figure