Wednesday, March 26, 2014

March 26 2014

Some days are smooth and easy - this one was not one of those. Jerky patternless morning brought a few stops which we had to rectify for the whole afternoon. We succeeded in covering large part of the losses but still ended negative. Oh well.


Session Time: Wed Mar 26 00:00:00 2014
[09:00] {_billy_d} morning
01[09:02] {@Threei}  morning billy
[09:04] {_billy_d} Vad, you still trade small cap momos?
01[09:07] {@Threei}  only if they are liquid and present readable setups
01[09:07] {@Threei}  for the most part they aren't
[09:08] {_billy_d} yes, the spreads can get wide in a milisecond
01[09:08] {@Threei}  wide spreads is dino and ron's specialty
[09:11] {dino} gm
01[09:11] {@Threei}  dino :)
[09:12] {goinshort} morning V - morning ll
01[09:12] {@Threei}  gs :)
[09:12] {goinshort} morning all
01[09:12] {@Threei}  ll was enougn too, since not all are here yet
[09:13] {goinshort} lol - thumbs not awake yet
01[09:15] {@Threei}  {munky} thumbs? what's that?
[09:17] {goinshort} got a chance to view your photos yesteday- awesome!
01[09:18] {@Threei}  thank you :)
[09:19] {RonS} hi y'all
01[09:19] {@Threei}  ron :)
[09:19] {fish_49} What is FB's need for Virtual Reality?
[09:20] {RonS} ...the world is too painful?
[09:20] {mojo1} gm
01[09:20] {@Threei}  zuckerberg spoke extensively about that yesterday... too extensivwly for me to read beyond first line
01[09:20] {@Threei}  mojo :)
01[09:21] {@Threei}  if market were open, .70 break short would be a call to make
[09:23] {dptl} good morning
01[09:23] {@Threei}  dp :)
[09:23] {nemo} dp makes me want to drink
01[09:23] {@Threei}  was it nice or what, FB
[09:24] {dino} e too
[09:24] {dptl} me too Nemo ...lol
[09:24] {fish_49} $1.6 Billion in stock and $400 Mil in cash
[09:24] {fish_49} hmmmm
[09:25] {fish_49} Perhaps FB will now have revenue other than advertisement
[09:25] {RonS} lol...A biotech stock named Oculus was up nearly 10% this morning. Try to guess why
[09:25] {fish_49} Gonna be jerky ride  perhaps  on FB  today
[09:25] {fish_49} because people confused?
[09:26] {ese} morning
01[09:26] {@Threei}  ese :)
01[09:26] {@Threei}  lol ron... I remember one such case years ago
01[09:27] {@Threei}  public company went up on buyout news related to private one with similar name
01[09:28] {@Threei}  Combat dolphins in Crimea will be transferred to the Russian navy
01[09:30] {@Threei} Short Setup: FB  .5 break hl
01[09:31] {@Threei}  If holds  .60 
01[09:31] {@Threei}  lol
01[09:31] {@Threei}  1:1  
[09:31] {fish_49} no fill
01[09:31] {@Threei}  that's why "lol" first
[09:33] {munky} morn
01[09:33] {@Threei}  munky
01[09:34] {@Threei} Long Setup:  C  .40reak
01[09:34] {@Threei}  If holds  .30 
[09:34] {dino} those dolphines have lasers on their heads, they were bought from dr evil
[09:34] {thomcbell} spwr vulnerable 
[09:35] {thomcbell} 32 short break if holding 32.10
01[09:36] {@Threei}  stop to .34
[09:37] {thomcbell} no go spwr
[09:39] {thomcbell} still valid spwr
01[09:39] {@Threei} Long Setup:  FB  .35break hl
01[09:39] {@Threei}  Invalidated  
01[09:40] {@Threei}  meh C
[09:42] {munky} wmt going again
01[09:42] {@Threei} Long Setup:  EBAY  .42 break
01[09:42] {@Threei}  If holds  .32 
[09:44] {thomcbell} spwr now looking strong 
01[09:46] {@Threei} Long Setup:  GM  .55 break
01[09:47] {@Threei}  If holds  .45 
[09:49] {dino} ccl hl l .94
01[09:51] {@Threei} Long Setup:  WMT  .30 break
01[09:52] {@Threei}  If holds  .20 
01[09:53] {@Threei}  two-sided
[09:53] {dino} byi sm l .41
[09:54] {thomcbell} looking for a long setup in ubnt somewhere in here 
01[09:54] {@Threei}  sheesh... something should gfinally make up its mind
[09:55] {thomcbell} got close to 50sma
01[09:56] {@Threei}  no go GM
01[10:00] {@Threei} Short Setup: FB  .10 break hl
01[10:00] {@Threei}  If holds  .20 
[10:05] {dino} byi stop .10-.31
[10:05] {fish_49} meh
01[10:05] {@Threei}  sigh
[10:06] {_billy_d} 2md time slippage for me on FB
01[10:06] {@Threei}  fast one today, that's why hl
[10:06] {dino} ccl stop .98, +.04
01[10:11] {@Threei}  patternless morning
01[10:11] {@Threei}  hate those
[10:11] {fish_49} me too
[10:11] {fish_49} lol
01[10:12] {@Threei} Long Setup:  WMT  .30 break
01[10:13] {@Threei}  1:1  
01[10:13] {@Threei}  if you got it
[10:13] {nemo} gawd...if wmt is trading like this...
01[10:14] {@Threei}  FB son of a motherless goat
[10:14] {dino} rent smr s .77 hooker
[10:15] {munky} this is a tough morn
[10:15] {fish_49} missed wmt
[10:16] {dino} so far i agree munky
[10:18] {fish_49} Short POT?
[10:19] {nemo} mos very strong
[10:24] {fish_49} POT 1:1  half out
[10:24] {dino} furx vsm s .84 hooker
[10:29] {RonS} kerx pop, no news...
[10:29] {nemo} august should be interesting
[10:30] {RonS} ah yes, Janet strutting the Tetons...
01[10:31] {@Threei} Short Setup: P  .80 break
01[10:31] {@Threei}  If holds  .90 
[10:32] {dino} just wish she'd stop yellen
[10:32] {nemo} ese!
06[10:33] * nemo grabs his blanky and his binky
[10:33] {_billy_d} lol
[10:33] {RonS} kerx not stopping
[10:33] {nemo} binky=rum
[10:34] {dino} kerx crazy, non avail
[10:35] {RonS} kerx 18 mil sh short and scorched
06[10:36] * fish_49 gives Nemo a Bah Bah
[10:37] {ese} hey nemo
[10:37] {munky} das avail
[10:38] {RonS} wtf?  COVERAGE REITERATED: Bally Technologies (BYI) reiterated by Telsey Advisory Group. Reiterated rating Not Rated. 
[10:39] {dino} you pay for that value added advice
[10:39] {dino} byi gap around 61.10
[10:40] {nemo} we needed a rim shot for dino's comment
[10:41] {ese} BA DAP BAP!
[10:41] {RonS} lol
[10:41] {dino} lol
[10:46] {dino} ugh byi was at .31, just missed
[10:48] {dino} cov furx 95.74, +1.10
[10:49] {dino} byi sm l .70
[10:50] {thomcbell} really a dearth of setups today
[10:52] {fish_49} GLD Bounce?
[10:53] {RonS} dearth radar?
[10:54] {munky} what the hells wrong with ebay
[10:54] {munky} peace of crap
[10:54] {munky} s1 ,69
[10:55] {fish_49} it's in bouynce territory now  Munky
[10:55] {munky} thats why i piut up the s1 fish
[10:59] {fish_49} As long as the Spy stays below the 200 EMA  I would not expect a big bounce 
[10:59] {dino} ebay ican monkey on its back i think
01[11:00] {@Threei} Long Setup:  FB  .50 break hl
01[11:00] {@Threei}  If holds  .40 
[11:00] {RonS} ubnt sm l .03
[11:02] {thomcbell} ubnt this is all ibd'ers exiting 
01[11:02] {@Threei}  1:1  
01[11:02] {@Threei}  1:2  
[11:02] {_billy_d} finally
01[11:03] {@Threei}  no kidding
[11:03] {_billy_d} was about to close my FB acct :)
01[11:03] {@Threei}  lol
[11:04] {RonS} rgr sm l .10 ave
[11:06] {dino} bofi blood
[11:13] {dino} bofi gap around 76.40 down from 106
01[11:15] {@Threei}  local army detachment practicing some water-related things... image without which I could do in my newsfeed: https://scontent-b-sea.xx.fbcdn.net/hphotos-frc1/t1.0-9/1964932_759238204095854_1467749622_n.jpg
01[11:16] {@Threei} Long Setup:  SLW  .85 break
01[11:16] {@Threei}  If holds  .80 
[11:20] {RonS} bofi vsm l 79.10
[11:20] {dino} cbpx drop
01[11:24] {@Threei}  1:1  
[11:26] {_billy_d} having to fight for every win today
01[11:27] {@Threei}  which would be fine if they were not few and far between, lol
01[11:27] {@Threei}  but hey, 2 in a row
[11:27] {_billy_d} lol
01[11:27] {@Threei}  maybe we gare getting a hand on this day
01[11:30] {@Threei}  Candy Crash IPO... KING
[11:30] {fish_49} was watchjing this morning
[11:30] {fish_49} King looks like Queen
01[11:31] {@Threei}  I don't trade them as a rule, but .50 break looks tradeable, half lot
[11:32] {RonS} http://www.youtube.com/watch?v=G6Vw9RGm1tM
01[11:34] {@Threei}  KING saw that Ron
01[11:34] {@Threei}  and fainted
[11:41] {thomcbell} wow fb 
[11:42] {fish_49} Dino DCC
[11:42] {thomcbell} look at volume on that break
[11:47] {fish_49} POT 1:@  1/4 more out
[11:48] {fish_49} 1:2 *
01[11:48] {@Threei}  wtg
[11:50] {dino} gj
[11:51] {munky} ny read vad on my beloved wmt?
[11:51] {munky} up or down?
[11:52] {fish_49} GAP Fill and resting on 50 EMA  I say Up
01[11:52] {@Threei}  rather up
01[11:53] {@Threei}  but read is shaky
01[11:53] {@Threei} Short Setup: SLW  .80 break
01[11:53] {@Threei}  If holds  .87 
[11:54] {nemo} #1 weak stock on algo
[11:54] {nemo} this is however S3 on the daily
01[11:54] {@Threei}  which one?
[11:54] {nemo} slw
[12:04] {nemo} jpm #2 weak, almost dbi setup
[12:07] {fish_49} I like the set up Nemo  Break of .40  with a .48 stop
01[12:08] {@Threei}  WMT doesn't look too happy either
[12:08] {nemo} just think about this though, we are now in lunch time, look at what just happened in the indexes
[12:08] {nemo} jerk-around time
01[12:08] {@Threei}  well, as far as today goes, jerk-around time started at 9:30 and never stopped, lol
[12:09] {nemo} well, they added 60# sandpaper and took away the lube
[12:09] {munky} agree except for the "lol" part, not funny
[12:09] {nemo} eh...it could be worse....Les could be here
[12:09] {dino} lol
01[12:10] {@Threei}  well, you will have to forgive me for not crying on a losing day
[12:10] {fish_49} Vad you never have to worry about me leaving the room.  I don't want Nemo to say that about me
01[12:10] {@Threei}  as a tarder, you acceot them as part of the deal
[12:11] {nemo} I'm not sure there's anything worse I could say than calling you a Federal retiree
01[12:11] {@Threei}  and if you think differently, go out and find any single trader in all history of the markets who had no losing trades, days or weeks
[12:11] {nemo} I see them on twitter all the time
01[12:12] {@Threei}  oh, that's why I stopped looking at stocktwits
01[12:12] {@Threei}  now I remember
[12:12] {nemo} great indicator though
[12:12] {fish_49} lol
[12:13] {munky} the motley fools never ever lose lol
01[12:14] {@Threei}  fools generally don't... motley or otherwise
[12:14] {munky} now u sound like dino
[12:14] {fish_49} stick to trading Vad.  Poetry not your thing
01[12:14] {@Threei}  no??
01[12:15] {@Threei}  :( :( :(
[12:16] {fish_49} SLW Meh
[12:17] {dino} smack talking dino, sheesh
06[12:17] * dino slaps munky around a bit with a large trout
01[12:17] {@Threei}  JPM is trying to play
[12:19] {dino} wow, took all day, but cov rent .07, +.70
[12:20] {dino} out byi .37, +.67
[12:20] {munky} hmm, what should i have for lunch?
[12:20] {munky} something different
[12:20] {fish_49} nice Dino
[12:20] {dino} ty
[12:20] {munky} like banana on toast
[12:20] {fish_49} no fish
[12:20] {dino} salad here
[12:21] {nemo} rum
[12:21] {munky} fruit salad with bananas?
[12:22] {munky} vad any read on gm here?
[12:22] {fish_49} jpm meh
[12:22] {dino} damn byi tricked me, thought it was dropping
01[12:23] {@Threei}  not really. GM is frozen
[12:25] {fish_49} Out my last 1/4 Oz of Pot  +.24
[12:25] {dino} gj
[12:25] {fish_49} ty
[12:26] {dino} ron, i know you're watching data, what yo thinking?
[12:27] {dino} trade w/market imo, once market turns hit it
[12:27] {fish_49} Higher Low
[12:27] {munky} vad, any read ebay?
[12:27] {dino} yes fish, what i see
[12:28] {RonS} not watching data see it's spiking now sort of...
01[12:29] {@Threei}  EBAY, formally 56 break is long setup
01[12:29] {@Threei}  its success at this time of the day, well...
[12:29] {munky} and vwap at 56.10 so only a dimer
[12:30] {thomcbell} msft starting to interest me long after some sideways - 39.88 long break 
01[12:30] {@Threei}  my preference would be copnsolidation under .90, then .80 break for short
01[12:31] {@Threei}  but SPY is difficult to get a read on here
[12:35] {munky} wmt trying
[12:35] {dino} rcap spike
[12:45] {dino} taking a break
[12:47] {nemo} taking a drink
[12:47] {fish_49} Coolaide?
01[12:48] {@Threei}  taking hemlock
[12:48] {nemo} shooting fish in a barrel ;-)
[12:50] {fish_49} Nice call on DATA  Dino  did you take it?
[12:52] {fish_49} MUNKY  did you get some Ebay?
[12:52] {fish_49} looks like it might po
[12:52] {fish_49} pop
[12:54] {thomcbell} lvs putting up a good fight today 
[13:02] {munky} yes, took .90 ouit .o2
[13:02] {thomcbell} msft 1:1
[13:20] {thomcbell} booking the rest of msft for small profit 
[13:20] {fish_49} Great job Thom
[13:23] {thomcbell} wow ubnt unreal 
01[13:29] {@Threei}  no news for all this selling
01[13:30] {@Threei}  unless I missed something
[13:35] {cosmo} mkt took hemlock it seems
[13:36] {nemo} spy and finnies couldn't get above vwap, no institutional interest
[13:37] {nemo} iwm couldn't even get back to vwap since 10:15...no risk appetite
[13:37] {nemo} no buying....better sell
[13:38] {RonS} Dish's Ergen Approaches DirecTV CEO About Merger -Bloomberg TV  
[13:38] {fish_49} Sell the Hopper?
[13:38] {fish_49} lol
01[13:40] {@Threei} Short Setup: P  .15 break
01[13:40] {@Threei}  If holds  .25 
[13:44] {munky} fb panic
01[13:45] {@Threei}  P is welcome to follow
01[13:45] {@Threei}  1:1  
01[13:46] {@Threei}  hey, I got another one!
06[13:46] * @Threei pats himself on the back
[13:46] {fish_49} lol
01[13:48] {@Threei}  1:2  
06[13:49] * @Threei pats himself on the back with both hands
[13:49] {fish_49} hate to see whats next pat with
06[13:49] * @Threei dislocates both shoulders and crawls back under the chair
01[13:50] {@Threei}  out in full
01[13:50] {@Threei}  1:3 is close enough
01[13:50] {@Threei}  here
01[13:50] {@Threei}  whew... finally decent one
01[13:51] {@Threei}  still negative but most of the sting is taken off
[13:51] {fish_49} out on trail  thanks
01[13:51] {@Threei}  yw
[13:53] {fish_49} feels like we can go lower
01[13:53] {@Threei}  Reuters: Ukraine to hike domestic gas prices by 50 pct to meet IMF demands
01[13:54] {@Threei}  heh... IMF imbeciles
[13:56] {munky} pretty good pllbk vxx
[13:56] {RonS} when the Russians roll the tanks they won't be able to fill up  :)
[13:58] {dino} miss much?
[13:59] {RonS} just a market puke...
[13:59] {fish_49} and quick bounce
01[13:59] {@Threei}  Obama advises Europe to think over diversification of energy supplies
[13:59] {RonS} idiot
[13:59] {fish_49} who is he to say that?  WTF
01[14:00] {@Threei}  Europe: Oops... how come we didn;'t think about that... Thank you, thank you
[14:00] {fish_49} Do as I say not as I do
01[14:00] {@Threei}  Reuters: Obama tells EU to do more to cut reliance on Russian gas
01[14:00] {@Threei}  EU: yess sir!!
01[14:03] {@Threei} Long Setup:  VXX  .10 break hl
01[14:03] {@Threei}  If holds  44 
01[14:06] {@Threei}  half out
01[14:06] {@Threei}  stop to .04
01[14:07] {@Threei}  closed
01[14:09] {@Threei} Long Setup:  FB  .20 break hl
01[14:09] {@Threei}  If holds  .10 
01[14:10] {@Threei}  1:1  
[14:10] {dino} data smr l .02
[14:11] {fish_49} out on trail  thanks
01[14:11] {@Threei}  slowly digging out
[14:14] {dino} stop .63
[14:14] {dino} -.39
01[14:19] {@Threei} Long Setup:  VXX  .30 break
01[14:19] {@Threei}  If holds  .20 
01[14:21] {@Threei} Long Setup:  FB  .90 break
01[14:21] {@Threei}  If holds  .80 
01[14:23] {@Threei}  no go
[14:28] {dino} data smr l .00
[14:28] {nemo} FB SoMG
[14:29] {fish_49} IMHO it has room to fall
[14:29] {nemo} you mean IYIO
[14:30] {fish_49} I stands for?
[14:31] {nemo} it probably has a gap date
[14:33] {nemo} fb coming into re-short or break out area
[14:34] {dino} lol, aren't they all
[14:34] {nemo} no, this is S3 and price resistance...it then has .25 congestion area above
[14:41] {munky} nemo, any thoughts on vxx target at close?
[14:41] {nemo} hard to say here, this volatility in the last hour is right around the 50 day average
[14:42] {nemo} IWM's 50 day is 115.31
[14:42] {nemo} not sure they'll move it much more today
01[14:42] {@Threei}  feels to me like bottom is in
[14:43] {nemo} Yeah, unlikely they crush it more
01[14:43] {@Threei} Long Setup:  WMT  .65 break
01[14:43] {@Threei}  If holds  .55 
[14:43] {dino} half out data .42, +.40
[14:43] {dino} out remaining
[14:44] {nemo} 183.49 is 50 day on SPY
[14:44] {nemo} might be a long play on vxx around 43.75
[14:44] {nemo} price support and vwap confluence
[14:49] {dino} wbai drop
[14:51] {dino} gap 35 area
[14:51] {dino} 37 area too
[14:54] {nemo} might be vwap runs here
[14:54] {fish_49} spy in breakout territory  come on run WMT Run
01[14:54] {@Threei}  seriously, is it blind or what
06[14:58] * fish_49 whispers to WMT the rest of the markets caught a Bid
01[14:59] {@Threei}  is it on a blue light special program today?
01[14:59] {@Threei}  our shares on sale in isle 9
[14:59] {fish_49} thats K-Mart Vad  your telling us your age
[14:59] {nemo} isle=aisle
[15:00] {fish_49} WMT rolling back Prices
01[15:00] {@Threei}  what's my age... I have walked the earth with dinosaurs
01[15:00] {@Threei}  well, with dino anyway
[15:00] {nemo} never heard u refer to your wife like that before
[15:00] {fish_49} I'm guessing 59  but don't worry you don't look a day over 79
01[15:01] {@Threei}  wrong guess
[15:01] {nemo} he's younger than me
[15:01] {fish_49} I was being nice  63 at least
[15:01] {fish_49} WMT sucks
[15:01] {nemo} stop digging fish
[15:05] {fish_49} KING Flop
[15:10] {fish_49} Trying WMT short at .49
[15:10] {nemo} shorting in the hole
[15:14] {nemo} fish definitely partial when u can
[15:15] {fish_49} thanks I took .05 
[15:16] {nemo} IMO, your trade depended on the indexes going lower, which is less likely given the days action
[15:17] {fish_49} I think we go lower
[15:17] {nemo} thus "partial"
[15:18] {fish_49} I scalped it  made money
[15:18] {nemo} ok
[15:22] {dino} gj
01[15:23] {@Threei} Short Setup: FB  .90 breK
01[15:23] {@Threei}  If holds  .90 
[15:23] {nemo} you mean .80?
01[15:23] {@Threei}  yes
01[15:24] {@Threei} Short Setup: FB  .80 break
[15:24] {fish_49} thought I missed it again
[15:24] {fish_49} lol
01[15:26] {@Threei}  1:1  
[15:28] {fish_49} out on trail ty
01[15:29] {@Threei}  yw
01[15:30] {@Threei}  wow
01[15:31] {@Threei}  (IT) Italy govt wins Senate confidence vote on bill to eliminate some provinces
01[15:31] {@Threei}  really?
01[15:31] {@Threei}  that's one way to deal with overspending...
[15:31] {fish_49} Business can close stores  Gov  can close Provinces?
01[15:31] {@Threei}  I suggest to try that with some of the states
01[15:32] {@Threei}  evacuate nemo and eliminate Massachusets
[15:32] {fish_49} what state would take him?
01[15:32] {@Threei}  who knows what they mean when they say eliminate, fish
01[15:32] {@Threei}  might involve thick layer of concrete
[15:33] {fish_49} in Italy I'm sure it involves burying in Concrete
01[15:33] {@Threei}  that would have a been shovel-ready project
[15:35] {cosmo} eliminate Alaska
[15:35] {fish_49} not until June
[15:36] {nemo} wow.. NLRB rules "scholarshipped players" in college are employees and can unionize....
[15:36] {fish_49} yep
01[15:39] {@Threei}  careful cosmo... Alaska is last frontier between us and Russia
[15:40] {nemo} we'll send Les, that will screw them up
[15:40] {cosmo} we still have canada
01[15:40] {@Threei}  you do... we don't
[15:40] {cosmo} sorry
[15:41] {nemo} sorry Munk man, vxx didn't quite make it to .75
01[15:41] {@Threei}  and if you disregard that, we... we... we will evacuate nemo to California
01[15:41] {@Threei}  that'll show you
[15:41] {nemo} fuck you...I'm not going
01[15:41] {@Threei}  who is asking youi
[15:41] {fish_49} He would fit right in with the other fruit loops
[15:41] {nemo} who's gonna' move me?
[15:42] {cosmo} Calif is waiting
01[15:42] {@Threei}  not sure, we will consult Stalin's book "how to relocate whole nations"
[15:42] {cosmo} through the golden gate
01[15:42] {@Threei}  Crimea tatars disagreed too
01[15:42] {@Threei}  much good it did for them
[15:43] {nemo} well, he does relocate the whole nation, half die on the trains 
01[15:43] {@Threei}  see?
01[15:43] {@Threei}  you have 50% chance of survival
01[15:43] {@Threei}  and it's better than staying in mssachusets while it's being eliminated
01[15:44] {@Threei}  billy... missed a few winners, including 1:3er
[15:44] {_billy_d} oh man, bummer
[15:45] {_billy_d} that's the problem with trading, it doesn't adhere to my schedule :)
01[15:46] {@Threei}  didn't fully rectify morning losses but filled up a hole noticeably
[15:47] {_billy_d} yeah, it would have helped
[15:47] {_billy_d} glad to hear for you guys
[15:48] {cosmo} Gold testing 1300 fwiw
[15:50] {dino} calling it a day, thx all, good one 
01[15:50] {@Threei}  wtg dino... we will catch up with you tomorrow
[15:51] {dino} no doubt
[15:51] {thomcbell} night
01[15:51] {@Threei}  cosmo... gold has no business staying over 1000, IMO
[15:51] {_billy_d} bye all
[15:52] {cosmo} oh
[15:54] {cosmo} so...there's  more gold than we think?
[15:54] {cosmo} like in the phillipines?
01[15:54] {@Threei}  not necessary... but it will vost less than many think
01[15:55] {@Threei}  cost
01[15:55] {@Threei}  thanks all, have a good evening
01[15:55] {@Threei}  see you tomorrow
[15:55] {cosmo} yea...this weakness would indicate that...