Friday, April 4, 2014

Apr 04 2014

Choppy morning brought a few stops but most of the damage got fixed but a few strong trades on VXX and IWM. Ended slightly in the red though.


Session Time: Fri Apr 04 00:00:00 2014
[08:57] {dino} gm
01[08:57] {@Threei}  dino :)
[08:59] {RonS} howdy guys
01[08:59] {@Threei}  ron :)
[09:03] {dptl} good morning
01[09:03] {@Threei}  dp :)
01[09:08] {@Threei}  *(US) MAR AVERAGE HOURLY EARNINGS M/M: 0.0% V 0.2%E; Y/Y: 2.1% V 2.3%E; AVERAGE WEEKLY HOURS: 34.5 V 34.4E
01[09:08] {@Threei}  so people work longer for less money
01[09:08] {@Threei}  nice
[09:09] {dino} lol 3i, 1/10 of hour more, whats that 6 minutes
01[09:10] {@Threei}  that's 6 more minutes of slavery {G}
[09:20] {ese} I'mmmmmmmm back
01[09:21] {@Threei}  ese :)
[09:21] {nemo} give any "private" lessons yesterday ese?
[09:21] {ese} mornin vad......thought that i would try my horror movie hello.....see what kinda reaction i get
[09:21] {ese} nemo
[09:21] {ese} lol
06[09:21] * Les slaps ese around a bit with a large trout
[09:22] {nemo} no...it's "Heeeeeeres Jonnnny!"
[09:22] {ese} LLLLLLLEEEEEEEEESSSSSSSSSS!!!!!!!!!!!!!! your back buddy
[09:22] {Les} or just "Here's Nemo"
[09:22] {nemo} well, spy gonna' get 190
[09:22] {Les} nice JBE iwm pity too early
[09:22] {ese} am gonna be out your way again next year...Denmark
[09:23] {Les} oh here we go again
[09:23] {Les} don't count on it
[09:23] {Les} think Putin has plans on invading
[09:23] {ese} he'll use your house as his personel residence
[09:24] {ese} it's palacial I understand
[09:24] {ese} 14 bedrooms...something like that
06[09:24] * Les pulls whiskey bottle out of ese's fingers
[09:25] {thomcbell} mu looking for a short setup
[09:25] {ese} lol
[09:25] {ese} prys
01[09:27] {@Threei}  uh oh
01[09:27] {@Threei}  McDonald's quits Crimea as fears of trade clash grow
01[09:27] {@Threei}  famine?
[09:28] {dino} thats a good thing to get ridof mcd
[09:30] {nemo} whoa splk
[09:30] {nemo} 200 day and top pf gap bounce
01[09:31] {@Threei} Long Setup:  C  .60 break
01[09:31] {@Threei}  If holds  .55
01[09:32] {@Threei}  meh
01[09:34] {@Threei} Long Setup:  JPM  .95 break
01[09:34] {@Threei}  If holds  .85
01[09:37] {@Threei}  1:1
[09:42] {Les} GLD boncing into resistance
01[09:42] {@Threei}  FB tank
01[09:43] {@Threei} Long Setup:  P  .90 break hl
01[09:43] {@Threei}  If holds  .80
01[09:43] {@Threei}  Invalidated
01[09:44] {@Threei}  US Dept of Justice AG Holder confirms that the dept is looking into whether high speed trading is being used in tandem with insider trading
01[09:44] {@Threei}  just the guy you want to meddle with markets
01[09:45] {@Threei} Long Setup:  P  .85 break hl
01[09:45] {@Threei}  If holds  .75
[09:45] {dino} momo slapped again
[09:47] {dino} panw smr l .78
01[09:48] {@Threei} Long Setup:  SLW  .25 break
01[09:49] {@Threei}  If holds  .15
[09:49] {thomcbell} about to start hearing takeover rumors on splk feye data now panw
[09:49] {ese} spyders steady downward slide
[09:50] {thomcbell} splk just touched 200sma
01[09:52] {@Threei}  sheesh FB
[09:53] {thomcbell} getting emotional here
01[09:53] {@Threei}  what's happening there
01[09:53] {@Threei}  no news
[09:53] {nemo} got a gap close on it's mind
[09:53] {nemo} social media out of vogue
[09:54] {nemo} look twtr
[09:54] {ese} its getting that way.......
[09:54] {nemo} lnkd hosed
[09:54] {Les} GLD
[09:55] {ese} it's not as cool as it was with the kids at school for sure because too many adults are using it
01[09:56] {@Threei}  it's not like it ceased to be cool this very morning
[09:56] {dino} last two days feels like momo fund blowing up/liduidating
01[09:56] {@Threei}  so I don't see how that explains the selloff
[09:56] {nemo} vxx might be a short
[09:56] {nemo} other indexes tyring to set up for a bounce
01[09:56] {@Threei}  change SLW to .20 break
[09:56] {ese} kcg
01[09:57] {@Threei}  stop .13
[10:01] {dino} gwph going to pot
[10:01] {nemo} fb reshort area
01[10:01] {@Threei}  meh
01[10:01] {@Threei}  not my morning so far
[10:02] {nemo} guess not on fb
[10:03] {ese} nemo...what do you think of RIG down here low 40's range....been following this along time
[10:03] {dino} gwph smr l .45 hooker
[10:04] {ese} 5 month slide
[10:04] {thomcbell} wow fb
[10:04] {dptl} watching GIS short idea
[10:05] {dptl} ok in
[10:06] {thomcbell} vad short setup watch here fb ?
[10:06] {thomcbell} or buy pullback
01[10:06] {@Threei}  short...
01[10:06] {@Threei}  but it's a bit hysterical
01[10:07] {@Threei}  not sure it's tradeable within nromal risk parameters'
01[10:07] {@Threei}  well, short it was
01[10:07] {@Threei}  lol
01[10:10] {@Threei}  watching VXX for long
01[10:10] {@Threei}  around .30 - .35
[10:14] {dino} panw to .19
[10:14] {Les} potential index cupa nd handle setup
[10:15] {dino} out panw .20, +1.41
[10:16] {RonS} gj
[10:16] {dino} ty
[10:16] {dptl} gis half out 1:1
01[10:16] {@Threei} Long Setup:  IWM  .80 break hl
01[10:16] {@Threei}  If holds  .70
[10:17] {Les} lol
[10:17] {Les} that was quick
01[10:17] {@Threei}  d2, see private message
[10:18] {thomcbell} mu looking heavy now that the wildness is over
[10:19] {thomcbell} mu 24.36 short break if holding 24.46
01[10:21] {@Threei}  so, did social media get back in vogue at 9:57 am?
[10:21] {Les} dunno, let me check my fb status
[10:22] {nemo} think they moved you to Muzzlebook
[10:22] {nathan} enough for today. I reach my daily losses level
[10:22] {nathan} c u next week
[10:22] {Les} cheers n
[10:23] {dino} cya nat
[10:23] {thomcbell} mu 1:1
[10:23] {dino} 3i the hammer
[10:24] {thomcbell} 1:2
[10:25] {dptl} out gis balance
[10:26] {thomcbell} stop to 24.28 on mu
[10:27] {dino} panw smr l .20
[10:27] {ese} L hun .29
[10:27] {dino} gj tbell
[10:29] {dino} gpn smr l ave .90
01[10:30] {@Threei} Long Setup:  VXX  .60 break
01[10:30] {@Threei}  If holds  .55
[10:31] {dino} 07 scrolling green
01[10:31] {@Threei}  Invalidated
[10:32] {thomcbell} mu flat
[10:32] {thomcbell} 1:4ish
[10:32] {dino} beauty
01[10:33] {@Threei}  wtg
[10:33] {dino} out gpn .42, +.52
[10:36] {ese} out hun .19 -.11
[10:38] {ese} thought i was going to get a breakout there.....but alas poor Euoric.......ya got screwed over
[10:38] {nemo} yeah got skull.....
[10:38] {RonS} oof
[10:39] {nemo} paradoxical comment on a classical reference
[10:39] {ese} lol
[10:39] {ese} nemo...did you get my previous question re rig 7:04am
[10:40] {nemo} email?  no
[10:40] {ese} on this board
[10:41] {nemo} it's 10:42 here
[10:41] {thomcbell} akam looks double bottom ish here
[10:41] {thomcbell} big one on 1 minute
[10:41] {ese} here it is again....nemo...what do you think of RIG down here low 40's range....been following this along time
[10:41] {thomcbell} nearing low after blowout earnings
[10:41] {nemo} RIG is at it's 50 day average right here, which is also old support/new resistance....messy area
[10:42] {thomcbell} thing looks scary though
[10:42] {ese} hmmmmmmm tks
[10:42] {nemo} imo, it heads north, but travel to the 44 area might be difficult
[10:46] {dino} akam, one hell of a gap below
[10:48] {dptl} short cbs
[10:49] {dptl} aggresive for 62 break possibly
01[10:51] {@Threei} Long Setup:  VXX  .60 break
01[10:51] {@Threei}  If holds  .50
[10:51] {dino} enta smr l .89 thin
[10:54] {dptl} no go cbs
[10:54] {dptl} out
01[10:58] {@Threei}  1:1
01[11:02] {@Threei}  (FR) EU's Rehn and the ECB's Weidmann have reportedly issued a warning against providing France any more time to reach its deficit commitments - germany press
01[11:03] {@Threei}  or tanks start rolling?
[11:04] {Les} and they propose to do what?
01[11:05] {@Threei}  invade
01[11:05] {@Threei}  1:2
01[11:05] {@Threei}  wow... did I finally get one or what
01[11:06] {@Threei}  just when you thought to write me off as utterly useless
[11:06] {Les} hmmm smelly french cheese, great wine and gorgeous women I see the German appeal
01[11:06] {@Threei}  I don't know about women...
[11:06] {ese} nice call vxx vad
[11:06] {Les} ty out 1:2 and stopping until at least 1pm
01[11:06] {@Threei}  ty
01[11:06] {@Threei}  should do 1:3
01[11:07] {@Threei}  there
01[11:07] {@Threei}  1:3
01[11:07] {@Threei}  out
[11:08] {ese} really nice call
01[11:09] {@Threei}  1:5
[11:12] {dino} panw smr l .25
[11:14] {dino} j
[11:14] {dino} gj
[11:15] {dino} comp crushed again
[11:17] {dino} panw stop -.28
[11:20] {nemo} looking for bottom here, but if not 188 is S1 whole number and yesterday low in spy
[11:27] {dino} 87.06 qqq gap
[11:28] {RonS} many of the intra charts reminding me of Beatles song...
01[11:28] {@Threei} Short Setup: CBS  62 break
01[11:28] {@Threei}  If holds  .10
[11:28] {RonS} ...Day Tripper
01[11:28] {@Threei}  lol
[11:28] {dino} data smr l .35
[11:29] {dptl} in cbs
01[11:29] {@Threei}  Choppy Trading Follows March Jobs Report
01[11:29] {@Threei}  no kidding
[11:31] {dptl} stopped
01[11:35] {@Threei}  treacherous one
[11:35] {dptl} yeah
[11:36] {dptl} bastards
[11:37] {dptl} right idea but choppy
[11:44] {dptl} watching abbv for .50 break short
[11:49] {dptl} hmm really held that .50
[11:51] {dino} panw smr l .98
[11:54] {ese} have a great weekend all......am off to see the wizard
[11:54] {nemo} groupie call
[11:54] {ese} take care nemo
01[11:55] {@Threei}  take care ese
[11:59] {dino} cya es
[12:01] {dptl} abbv same thing...chop chop, staying away for now
[12:04] {dino} comp -3.2% since yesterday
[12:05] {nemo} SEC charges against a trading firm naming Lightspeed as complicit...this might be some of what's going on
[12:05] {nemo} http://goo.gl/5yjziZ
01[12:07] {@Threei}  what an incredible bs
[12:08] {nemo} depends...there are order types that allow hfts to post only
01[12:08] {@Threei}  this is not hft
01[12:08] {@Threei}  read the artielce
[12:08] {nemo} I realize that
01[12:08] {@Threei}  guy places an order, he takes risk
01[12:08] {@Threei}  order can be executed against
01[12:09] {@Threei}  that can not be illegal
01[12:09] {@Threei}  they are picking easy victim to imitate activity
01[12:09] {@Threei}  meanwhile real fraud remains unpunished
[12:11] {RonS} so true 3i, imo 50% of the individual (non-index) issue option volume is off insider information
01[12:11] {@Threei}  think about it, any guy who placed and then canceled his order can be accused of the same as this SEC ruling does
[12:12] {RonS} they will have to pry the mouse from my cold, dead hand...  :)
01[12:12] {@Threei}  lol
01[12:13] {@Threei}  "lined his pockets by placing phony orders and tricking others into trading with him at distorted prices"
01[12:13] {@Threei}  seriously?
01[12:13] {@Threei}  there was any moment in history of Level 2 existence when it was not done?
01[12:13] {@Threei}  marketmakers did it every second of every trading hour
01[12:14] {@Threei}  any trader executing client's order did it
01[12:14] {@Threei}  suddenly it's a crime?
[12:15] {RonS} dems feeling the heat of the midterm...need to change the subject from nOcare...
01[12:16] {@Threei}  just hire Putin's advisors
01[12:16] {@Threei}  146% vote is guaranteed
[12:16] {RonS} amtd wants to break 30 today...
01[12:17] {@Threei}  and tell them no this Crimea failure when only 93% voted for you
01[12:23] {@Threei} Long Setup:  VXX  .35 break
01[12:24] {@Threei}  If holds  .30
01[12:24] {@Threei}  1:1
01[12:28] {@Threei}  1:2
[12:30] {thomcbell} vad aig has been giving some good moves again
[12:30] {thomcbell} one to watch again
01[12:31] {@Threei}  looks that way
[12:33] {dptl} Vad, doyou like altr long.20 break?
01[12:40] {@Threei}  .20?
[12:40] {dptl} lol...yes it was .20 :)
01[12:41] {@Threei}  not sure
[12:41] {dptl} i see
01[12:46] {@Threei} Long Setup:  VXX  .60 break
01[12:46] {@Threei}  If holds  .50
01[12:46] {@Threei}  SPY looks breakdownish
[12:46] {nemo} yeah, but maybe they'll hold off for awhile
[12:46] {nemo} lunch and all
01[12:48] {@Threei}  1:1
01[12:48] {@Threei}  1:2
01[12:49] {@Threei}  VXX saves the day
[12:56] {dino} lci gap fill
01[12:57] {@Threei}  ALTR was a trap, dp
[12:58] {dptl} yes it was ..good didt take it :)
[12:58] {dptl} seatting....waiting :)
[12:58] {dptl} ops
[13:00] {dptl} or is it sitting ..lol  
[13:00] {dptl} have to take english classes again
01[13:01] {@Threei}  well... if you work in restaurant, you are seating customers
[13:01] {Les} SPY DB?
[13:02] {dptl} :)
[13:02] {Les} .10 recross?
[13:02] {Les} or .00?
[13:02] {nemo} hard to say, this is alot of selling at lunch
01[13:02] {@Threei}  still feels breakdownish to me
[13:03] {nemo} yeah, nobody gonna' buy this up, you might get a wee scalp
[13:03] {dptl} ye and dont really want to short anymore
[13:04] {dptl} so what you do?
[13:04] {nemo} vodka
[13:04] {dptl} lol
[13:04] {nemo} just completed a gap in spy
[13:04] {dptl} i knew it :)
[13:08] {Les} more action in metals than in bonds
[13:10] {Les} db was good... sigh
01[13:24] {@Threei} Long Setup:  MCD  .15 break
01[13:24] {@Threei}  If holds  .05
[13:26] {dino} out lci +.50
01[13:27] {@Threei}  nice
[13:29] {Les} SLW weakening
[13:30] {nemo} market weakening
[13:33] {dptl} in mcd
01[13:38] {@Threei}  .20 break should catapult it to, umm, .22
01[13:38] {@Threei}  maybe even .23
[13:38] {dptl} it better :)
[13:39] {thomcbell} cien 21.46 long break
[13:39] {thomcbell} if holding 21.36
[13:39] {thomcbell} i wont be doing much
[13:42] {thomcbell} cien disregard
01[13:43] {@Threei}  .23
01[13:43] {@Threei}  as promised
01[13:44] {@Threei}  see dp... I am a man of my word
[13:44] {dptl} well where is catapult...lol?
01[13:44] {@Threei}  ?
01[13:44] {@Threei}  [13:38] {@Threei} .20 break should catapult it to, umm, .22
01[13:44] {@Threei}  [13:38] {@Threei} maybe even .23
01[13:44] {@Threei}  haven't you seen .23?
[13:45] {dptl} oh ...missed it
[13:45] {dptl} offering .25 half
01[13:45] {@Threei}  trail to .09
[13:46] {dptl} k
01[13:48] {@Threei}  it's official: VXX s the only thing that works today
01[13:48] {@Threei}  1:3 and 2 1:2s
[13:48] {Les} outta here bon weekend
01[13:48] {@Threei}  the rest is pure unadulterated crap
[13:50] {dptl} out mcd
01[14:06] {@Threei} Long Setup:  IWM  .20 break
01[14:06] {@Threei}  If holds  .10
01[14:06] {@Threei}  fast 1:1...
01[14:11] {@Threei}  downtrend feels over for now
01[14:12] {@Threei} Long Setup:  IWM  .35 break
01[14:13] {@Threei}  If holds  .25
01[14:15] {@Threei}  1:1
01[14:16] {@Threei}  1:2
01[14:17] {@Threei}  1:3
01[14:17] {@Threei}  out
01[14:17] {@Threei}  one more like this, and day will be fixed
01[14:19] {@Threei}  anyone took it??
01[14:20] {@Threei}  everyone fainted or what?
[14:20] {nemo} playing with bunny
[14:28] {dptl} jpm
[14:28] {dptl} ?
[14:28] {nemo} oh oh
01[14:29] {@Threei}  60 break?
01[14:29] {@Threei}  tough call...
01[14:29] {@Threei}  not sure'
[14:29] {dptl} short you mean?
01[14:31] {@Threei}  yeah
01[14:31] {@Threei}  I assume that's what you meant
[14:31] {dptl} yes
[14:39] {dptl} how about mu short?
01[14:40] {@Threei}  bounce rather, if anything
01[14:40] {@Threei}  .05 break
[14:41] {dptl} hmm....i dont know
[14:44] {nemo} selling picking up
01[14:57] {@Threei} Long Setup:  JPM  .95 break
01[14:57] {@Threei}  If holds  .85
[14:59] {dino} xiv l .65
[15:01] {dino} tna l .10
[15:02] {dino} xiv stop -.11
[15:02] {dino} tna stop .99-.11
[15:02] {dino} too soon
[15:03] {nemo} yeah, I think more selling coming
[15:05] {nemo} the algo has nothing on the green side and is still strongly red
[15:07] {dino} comp is just brutal last two days
01[15:08] {@Threei}  NASDAQ beating is cruel
[15:09] {dino} yeah, thats what i mean w/comp
[15:12] {dino} xiv l .60
01[15:13] {@Threei}  bounce time
[15:13] {dino} qld higher low higher high
[15:13] {dino} l .65
[15:14] {dptl} abbv .30 break long
[15:15] {dptl} if holds above .20
[15:18] {dptl} in
[15:18] {dino} out qld .80, +.15
[15:19] {dino} damn, too soon
01[15:20] {@Threei}  sheesh
[15:20] {dino} out xiv .75, +.15
01[15:20] {@Threei}  looking at GLD instead
01[15:20] {@Threei}  wondering what's wrong wioth quotes, yours or mine
[15:21] {dino} lol
[15:22] {dino} happens to me when i get tired
[15:26] {dptl} half out
[15:26] {dptl} abbv
06[15:26] * @Threei kicks JPM in the rear
[15:33] {dptl} closed abbv
[15:43] {dptl} have a good weekend all...see ya monday
01[15:44] {@Threei}  take care dp
[15:52] {dino} cya dp
[15:53] {dino} calling it a week, thx all
01[15:53] {@Threei}  me too
01[15:53] {@Threei}  thank you all, have a good evening
[15:53] {nemo} Dino....no trading early Monday
01[15:53] {@Threei}  and weekend
01[15:54] {@Threei}  see you Monday