Tuesday, February 18, 2014

Feb 18 2014

Some setups are so textbook, you almost feel guilty making money on them. JBE setup, right from the 111 TRADES pages: http://www.realitytrader.com/111trades.html 

Decent day overall although majority of trades were limited to scalps.

Session Time: Tue Feb 18 00:00:01 2014
[08:36] {dino} .
[08:42] {fish_49} Get plenty of snow Dino?
01[08:46] {@Threei}  morning guys
[08:46] {fish_49} gm Vad
01[08:46] {@Threei}  welcome back fish
[08:47] {fish_49} thanks..
[08:47] {dino} fish, yeah after the 20" or so thurs/fri, got another 6" on saturday, and 4-6" coming today
[08:47] {fish_49} I was stuck in Vegas because of the snow storm
[08:48] {fish_49} was scheduled to come back last Wednesday but couldn't make it back until saturday
[08:48] {fish_49} yea  we only got 4 inches last night  not a big deal
[08:48] {fish_49} I have managed to be away for each of the big storms this year
[08:48] {fish_49} Vegas was fun but  Im not into the casino thing.
[08:49] {dino} wow, thats long time to be stuck
[08:49] {fish_49} I spent $.025 on the slot machine..pushed the button 1 time  and won $6.00 then cashed out and walked away  lol
[08:49] {dino} where you located fish?
[08:49] {fish_49} Maryland
[08:50] {fish_49} Hour north of Baltimore
[08:50] {fish_49} hour south of Philly
[08:50] {dino} ok
[08:50] {dino} about 4 hours south of me
01[08:52] {@Threei}  same here fish, been to Vegas many times, spent about 50 cvents in total on slots
[08:53] {fish_49} I could lose $2000 in the market and be fine.  If I lose $20 in casino I would be sick for a few days
[08:56] {dino} pretty much how i am. on cruise ships i don't even walk in casinos
[08:57] {dino} brb
[09:18] {darekj} gm all
01[09:18] {@Threei}  darek :)
[09:20] {RonS} gm
01[09:21] {@Threei}  ron :)
01[09:24] {@Threei}  quiet pre-market
[09:24] {nemo} very...feels like it needs a catalyst...likelihood is a range day after the last coupla weeks
[09:28] {fish_49} KO nice drop in premarket
[09:29] {RonS} KO'd then?
[09:29] {fish_49} yep  by PEP
[09:29] {nemo} knew that was coming'
01[09:29] {@Threei} Long Setup:  GDX  .60 break
01[09:30] {@Threei}  If holds  .50
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  CHK  .40 break
01[09:32] {@Threei}  If holds  .30
[09:33] {nemo} wfm really weak
01[09:34] {@Threei}  stop .34
01[09:35] {@Threei} Short Setup: FB  .80 break hl
01[09:35] {@Threei}  If holds  .90
01[09:36] {@Threei}  change to .85 break
01[09:36] {@Threei}  If holds  .95
01[09:36] {@Threei}  1:1  FB
01[09:37] {@Threei}  half out CHK
01[09:37] {@Threei}  1:1
[09:38] {thomcbell} oxy looks interesting
[09:39] {dino} bcor?
[09:40] {nemo} nice low volume stock
01[09:40] {@Threei}  BCOR Hearing boutique firm Gotham making cautious comments
01[09:42] {@Threei} Long Setup:  GDX  .20 break
01[09:42] {@Threei}  If holds  .10
01[09:42] {@Threei}  (US) Preview: Feb NAHB Housing Market Index due out at 10:00ET (15:00 GMT)**Consensus expectations: 56e v 56 prior **Reminder: The Dec reading of 58 matched an eight-year high seen in Aug
[09:42] {dino} bcor smr l .90
[09:44] {dino} out bcor .40, +.50
[09:45] {RonS} gj
[09:45] {dino} ty, too soon
01[09:47] {@Threei}  stop to .14
01[09:50] {@Threei}  1:1
[09:51] {dino} bcor smr l .91
01[09:52] {@Threei} Short Setup: ABX  .35 break
[09:52] {dino} ksu smr l .35 pulp
01[09:53] {@Threei}  If holds  .42
[09:54] {dino} ksu stop .99 -.36
[09:56] {RonS} wbai sm l 40.70
01[09:57] {@Threei}  cover half
01[09:57] {@Threei}  stop to .36
01[09:57] {@Threei}  1:1
01[09:59] {@Threei}  *(US) FEB NAHB HOUSING MARKET INDEX: 46 V 56E
01[09:59] {@Threei}  yikes
[09:59] {fish_49} not good
[10:01] {fish_49} Markets  said  "Who cares"
01[10:02] {@Threei}  then decided it did
01[10:02] {@Threei}  then took a shot of vodka and changed its mind again
[10:02] {fish_49} lol
[10:05] {fish_49} Vodka ust have been watered down
[10:07] {thomcbell} len long setup 41 break
[10:07] {dino} ksu smr l .75
[10:09] {thomcbell} len 1:1
01[10:09] {@Threei} Short Setup: C  .55 break
01[10:09] {@Threei}  If holds  .65
[10:10] {thomcbell} thats all she wrote on len
01[10:13] {@Threei}  stop to .61
01[10:14] {@Threei}  who knows what market drinks next, vodka or hemlock
[10:15] {fish_49} perhaps the cool-aide
01[10:19] {@Threei}  meh
[10:23] {RonS} out wbai 41.85 +1.15
[10:23] {fish_49} nice
01[10:28] {@Threei} Short Setup: GNC  .10 break hl
01[10:28] {@Threei}  If holds  .20
01[10:29] {@Threei}  meh
[10:30] {fish_49} Market changed to Coffee
[10:30] {RonS} jesus, thought it was a long and bought at .15...
[10:30] {dino} bcor smr l .89
[10:32] {RonS} out flat
[10:33] {dino} gj ron wbai
[10:33] {RonS} ty
01[10:36] {@Threei}  (US) Fed's Williams (dove, FOMC non-voter): The tapering of QE will continue, expecting continued positive momentum in the economy - press interview
01[10:37] {@Threei} Short Setup: FB  .80 break
01[10:37] {@Threei}  If holds  .90
[10:38] {fish_49} missed it
01[10:38] {@Threei}  just gave second cnace
01[10:38] {@Threei}  chance
01[10:46] {@Threei}  1:1
01[10:46] {@Threei}  finally
01[10:47] {@Threei}  took its sweet time
[10:49] {RonS} bs move in ksu...that only 2 blocks have traded is the tell...
01[10:52] {@Threei} Long Setup:  AIG  .40 break
01[10:53] {@Threei}  If holds  .30
[11:00] {fish_49} JPM break of .50?
01[11:00] {@Threei}  half out .48
01[11:01] {@Threei}  I'd prefer pullback on JPM...
01[11:02] {@Threei}  1:1
[11:03] {fish_49} sure  1:1  I went to get coffee and didn't get in that one....
[11:03] {fish_49} I need a better maid
[11:03] {fish_49} Nemo would be perfect for the job
[11:04] {fish_49} Good Morning Nemo..  Missed you man  lol
01[11:06] {@Threei}  1:2
01[11:07] {@Threei}  1:3
01[11:07] {@Threei}  out
01[11:07] {@Threei}  whew
[11:08] {RonS} soda sm l .65
[11:08] {thomcbell} ubnt from friday - AHHHHHH
[11:08] {darekj} ty Vad:)
01[11:08] {@Threei}  yw :)
[11:10] {fish_49} Vodka wore off the markets
[11:12] {dino} bcor stop -.38
[11:12] {RonS} bcor sm l .50
[11:15] {dino} fmi spike
[11:15] {nemo} iwm relentless
01[11:22] {@Threei} Short Setup: JPM  .55 break
01[11:22] {@Threei}  If holds  .61
[11:25] {RonS} nclh sunk
[11:27] {dino} fmi smr s .66
[11:27] {RonS} nclh sm l .61
[11:33] {dino} ubnt animal
[11:33] {RonS} prlb monster
[11:33] {thomcbell} maddening ubnt
[11:35] {dino} out ksu 90.76, +2.01
[11:35] {RonS} gj
[11:35] {dino} ty
[11:35] {fish_49} Share
[11:35] {RonS} out bcor +.05  relentless volume...
[11:39] {RonS} out nclh +.30 too thick...
[11:40] {dino} fmi stop -.34
[11:42] {RonS} out soda flat...no carbonation
[11:49] {RonS} nclh searching for Atlantis...
[11:50] {RonS} ...or should be for Nemo?
[11:50] {RonS} ...feeling like Rodney here...
[11:51] {RonS} ...no repect...and dead....
[11:51] {RonS} respect
[11:51] {RonS} damn you Will I need an audience...
01[11:53] {@Threei}  lol
[11:53] {RonS} munky go "wizard of Oz" on us?
01[11:54] {@Threei}  no idea
[11:56] {dino} nclh re-load off of .00
01[11:56] {@Threei} Short Setup: EBAY  ,40 break
01[11:57] {@Threei}  If holds  .50
[12:03] {thomcbell} amazing this ubnt trades tightly up here
[12:03] {thomcbell} 50 break if holding 49.80 half lot
[12:03] {RonS} nclh sm l 32.48
01[12:04] {@Threei}  no go
[12:05] {dino} `mclh sm l .20
[12:06] {dino} nclh
[12:09] {thomcbell} ubnt hit 1:2 and then nothing
[12:09] {thomcbell} i didnt get any shares so i cancelled
[12:09] {thomcbell} this is all ibd no other news
[12:14] {thomcbell} dino almost time for a scalp short in ubnt
[12:15] {fish_49} wow thats jumpy  Thom
[12:15] {fish_49} u get it short?
[12:17] {dino} why is it up tbell?
[12:18] {dino} nclh dec gap filled
[12:18] {thomcbell} it has been mentioned in ibd as a base building name for about 2 weeks
[12:18] {thomcbell} and today it finally went
[12:18] {thomcbell} that is it
[12:19] {dino} hmmm
[12:20] {thomcbell} only analyst commentary i saw was a strong buy by zach's last week
[12:23] {RonS} out nclh 32.75 for 32.30 ave +.45
[12:24] {RonS} from
[12:24] {dino} gj
[12:24] {RonS} too soon
[12:24] {dino} still in from 32.20
01[12:51] {@Threei}  Ukraine's political crisis escalated sharply Tuesday, with at least nine people reported killed and scores injured in violent, often fiery battles between anti-government demonstrators and police in Kiev.
[12:52] {dino} bcor to .39
[12:55] {dino} to .49
[13:01] {dino} to .69
[13:02] {dino} to .79
[13:02] {dino} walking the dog
[13:02] {fish_49} No pullback here? .93
[13:03] {fish_49} the volume decreased as price went up
[13:04] {fish_49} wow  impressive
[13:04] {dino} to .89
[13:05] {dino} out bcor .89, +1.00, was a toughy finding entry tho, stopped 1st time around
[13:05] {RonS} gj
[13:05] {dino} ty
01[13:05] {@Threei}  nicre
01[13:05] {@Threei}  -r
[13:05] {dino} ty
[13:10] {dino} out nclh .01, +.81
[13:11] {RonS} gj...gee if you lived someplace nice now you could go play golf...lol
[13:11] {dino} lol
01[13:11] {@Threei}  lol
[13:12] {dino} that one was a pia to find entry on too, stopped first time
01[13:12] {@Threei}  I have this nagging suspicion I am not going to Kyiv any time soon:
01[13:12] {@Threei}  http://www.youtube.com/watch?v=yjMs_vAV6S8#t=31
[13:14] {fish_49} damn
[13:15] {fish_49} those are some large bricks landing on some small heads
[13:17] {fish_49} I think Milos Mitic don't like me or my beliefs  lol
01[13:17] {@Threei}  I can't hardly believe my eyes
[13:18] {fish_49} you cant believe there are that many police  or you cant believe they had enough and are standing up for themselves in large numbers?
01[13:18] {@Threei}  I mean, this is not a country where governments change every 3 months and street riots is a habitual passtime
01[13:19] {@Threei}  people for decades were politically inert
01[13:19] {@Threei}  the only customary interaction with government wasd to hide from it
01[13:20] {@Threei}  this kind of riots on the familiar streets is incredible to see
[13:20] {fish_49} no hiding today  they kicked some ass
01[13:20] {@Threei}  I am not really sure who is standing up for what though
01[13:20] {@Threei}  against Russia, for EU?
[13:21] {fish_49} in the early 80's  I watched that  every day in South Korea.  carried gas mask everywhere I went
01[13:21] {@Threei}  heh
01[13:21] {@Threei}  opposition is not monolithic, there are very different forces in it
[13:21] {fish_49} what seems to to be the cause?  why are they fighting the GOV now
01[13:22] {@Threei}  some of them are open nazis
[13:22] {fish_49} the protestors  or the gov?
[13:22] {dino} gel drop
01[13:22] {@Threei}  protestors
[13:23] {fish_49} ohhhh
01[13:23] {@Threei}  gov are just common thugs
01[13:23] {@Threei}  it started with demand to join EU and not Russia
[13:23] {fish_49} so the thugs fight the nazis   hmmmm
01[13:23] {@Threei}  and original protestors were mostly sincere in that
01[13:24] {@Threei}  but over months of the standoff, many various forces joined in\
[13:24] {RonS} GEL said Q4 net income from continuing operations fell to $0.19 per unit from $0.34 the year earlier and coming in well below the $0.36 average estimate from analysts polled by Capital IQ. Revenues were up at $961 million from $919 million a year ago, missing the $1.4 billion estimate.
01[13:28] {@Threei}  Police Crackdown on Protestors' Camp on Independence Square is Underway
01[13:31] {@Threei}  frikin EBAY
01[13:31] {@Threei}  rinsed
[13:35] {dino} sn drop
01[13:37] {@Threei} Short Setup: JPM  .40 break
01[13:37] {@Threei}  If holds  .50
[13:39] {dino} sn wow
[13:39] {dino} smr l .25
[13:40] {dino} 28.25
[13:48] {thomcbell} ubnt holy pattern failure there
[13:48] {thomcbell} vad - failed cup and handle and boom
[13:48] {nemo} coming up on 48 mil spy traded...gonna' be a low volume day
01[13:48] {@Threei}  yeah
[13:50] {nemo} which makes that strong iwm push today interesting
[13:52] {fish_49} Dino do you golf?
[13:52] {dino} yes
[13:53] {fish_49} I visited a pretty demanding course while on vacation last week
[13:53] {fish_49} https://www.google.com/search?q=devils+golf+course&sa=X&hl=en&gl=us&authuser=0&tbm=isch&imgil=zWT7d5aXlwo2jM%253A%253Bhttps%253A%252F%252Fencrypted-tbn3.gstatic.com%252Fimages%253Fq%253Dtbn%253AANd9GcQQoqKQ8XGpn8gPtnsOXSX7Lr3uhnAtqqSor4kuvzJ6R_KHjm2OOA%253B2579%253B1924%253BRghULR9KpFGoPM%253Bhttp%25253A%25252F%25252Fkevinraber.com%25252F2011%25252F04%25252F10%25252Fthe-devil%25252525E2%
[13:53] {fish_49} 2525252580%2525252599s-golf-course%25252F&source=iu&usg=__FhKUEjYukRnc_izDF8PZdYNoKzo%3D&ei=v6IDU5LDMMGbygGD74CwDw&ved=0CEEQ9QEwAg&biw=1424&bih=757#facrc=_&imgdii=zWT7d5aXlwo2jM%3A%3Bu5Aa4y1UEPqd3M%3BzWT7d5aXlwo2jM%3A&imgrc=zWT7d5aXlwo2jM%253A%3BRghULR9KpFGoPM%3Bhttp%253A%252F%252Fkevinraber.files.wordpress.com%252F2011%252F04%252Fdevils-golf-cours-for-kwr-blog.jpg%3Bhttp%253A%252F%252Fk
[13:53] {fish_49} evinraber.com%252F2011%252F04%252F10%252Fthe-devil%2525E2%252580%252599s-golf-course%252F%3B2579%3B1924
01[13:53] {@Threei}  wow
[13:53] {dino} was in myrtle beach weekend on feb 1
[13:54] {fish_49} the link will work  just long
[13:54] {dino} have to et out of sn trade first
[13:55] {dino} get
[13:57] {RonS} fish:  http://tinyurl.com/
[13:58] {fish_49} http://tinyurl.com/jvwhwub
[13:59] {fish_49} Nice Ron...  Thanks
[13:59] {fish_49} the rest of the room thanks you also for teaching me that  lol
[14:00] {nemo} what browser you using Fish face?
[14:03] {fish_49} I prefer IE
[14:03] {nemo} oh...
[14:04] {nemo} not sure about that one, but there are URL shortener add ons for Firefox and Chrome that work well
[14:06] {fish_49} ty Toad face
[14:06] {dino} out sn 29.50, +1.25
[14:06] {fish_49} damn   Dino on fire today
[14:06] {dino} lucky
[14:07] {dino} one wicked chart
[14:07] {RonS} he's like a gay pride parade...flaming all over the place...
[14:08] {dino} not at all
[14:11] {RonS} ok...like a habib wearing female...you have no idea what's going on under there...
[14:11] {dino} lol
[14:11] {dino} just a dog chasing cars
[14:28] {dino} ioc spike
[14:32] {thomcbell} fish face
[14:34] {fish_49} yes Thom?
[14:34] {thomcbell} i was reading through the discussions and saw that
[14:35] {fish_49} Such a thin trading day  it's better if I just annoy Toad Face
01[14:39] {@Threei} Short Setup: EBAY  .20 break
01[14:39] {@Threei}  If holds  .25
[14:40] {nemo} shorting a dull market
[14:41] {dino} tree spike
[14:42] {nemo} boredom reveals itself in strange ways
[14:42] {RonS} environmentalists?
01[14:42] {@Threei}  lol
[14:44] {RonS} won't bother him a bit...$10.10 minimum wage, supported by President Obama, could cost as many as 500,000 jobs, Congressional Budget Office says
01[14:46] {@Threei}  that will increase his voters base by 500,000
[14:49] {dino} exactly, more on handouts=more democrat votes
01[15:27] {@Threei}  who can we petition to plug the market back in?
[15:27] {fish_49} Nemo Toad
[15:28] {nemo} yeah, boring market +cabin fever, not a good combo
01[15:28] {@Threei}  I am about to dash to Maidan in Kyic for some excitment
01[15:29] {@Threei}  Kyiv
[15:29] {fish_49} helmet and mask in hand?
01[15:29] {@Threei}  AK-47 would be better
01[15:29] {@Threei}  watching live feed from there... war zone
[15:29] {fish_49} who will u shoot  the thugs or the nazis?
01[15:30] {@Threei}  kidding?
01[15:30] {@Threei}  everyoen who approaches
01[15:30] {@Threei}  look: http://guzei.com/online_tv/watch.php?online_tv_id=4609
[15:31] {nemo} was watching a Bloomberg Link earlier
[15:31] {fish_49} hahaha  great link Vad
[15:31] {fish_49} it's russian?
01[15:31] {@Threei}  ukrainian I think
[15:31] {fish_49} can u translate?  I think she is saying  someting about you Vad
01[15:32] {@Threei}  right now it's just a live feed from Maidan
01[15:42] {@Threei} Short Setup: GLD  .50 break
01[15:42] {@Threei}  If holds  .60
[15:49] {fish_49} have a great night  see everyone tomorrow
01[15:49] {@Threei}  you too fish
[15:49] {dino} znh spike
01[15:53] {@Threei}  half out GLD
01[15:54] {@Threei}  1:1
01[15:55] {@Threei}  closed in full
01[15:55] {@Threei}  OK guys, thank you all
01[15:55] {@Threei}  have a great evening
01[15:55] {@Threei}  see you tomorrow
[15:56] {darekj} gn
[15:58] {dino} gn all, thx for ideas