Monday, April 7, 2014

Apr 07 2014

Nice positive day despite shaky start. After morning jerky action, market determined trend and we got a few nice 1:2 and 1:3ers on VXX, TZA, CAT etc. By keeping initial stops small, that ensured profitable session.


Session Time: Mon Apr 07 00:00:00 2014
[08:55] {dptl} good morning
01[08:56] {@Threei}  morning dp
01[09:08] {@Threei}  about a month ago I named three cities in Ukraine to watch for the signs of the next stage of escalation... in all three administration buildings were taken over by rioters this weekend
[09:17] {dino} gm
01[09:17] {@Threei}  dino :)
[09:23] {ese} morning
01[09:23] {@Threei}  ese :)
[09:23] {RonS} eh 'se  :)  gm all
01[09:24] {@Threei}  ron :)
[09:26] {cosmo} 3i, SILJ opinion?
[09:27] {cosmo} relative to other ETFs
01[09:27] {@Threei}  pathetic volume and too narrow
01[09:27] {@Threei}  not interested much
[09:27] {cosmo} gotit
01[09:29] {@Threei}  FB is getting killed again
[09:31] {dino} fb gap 53.60s
01[09:32] {@Threei} Long Setup:  C  47 break
01[09:32] {@Threei}  If holds  .95 
01[09:39] {@Threei}  meh
[09:41] {dptl} short ebay
01[09:41] {@Threei} Long Setup:  YHOO  .60 break hl
[09:42] {dptl} out some ebay
01[09:42] {@Threei}  If holds  .50 
[09:42] {dptl} out some more
[09:43] {dptl} 1:3 all out
01[09:45] {@Threei} Long Setup:  WMT  .40 break
01[09:45] {@Threei}  If holds  .30 
[09:52] {dino} ddd smr l .50
[09:58] {thomcbell} fb all the way to pivot 
01[09:58] {@Threei} Long Setup:  TZA  .55 break
01[09:58] {@Threei}  If holds  .45 
01[09:59] {@Threei}  change to .50
[10:02] {nemo} lotta' pussyfootin' out there
[10:02] {ese} L btu .75
[10:04] {dino} wwe hl l .40
01[10:04] {@Threei}  half out
01[10:05] {@Threei}  stop to .48
01[10:05] {@Threei}  1:1  
01[10:05] {@Threei}  by the book from here
[10:06] {dptl} short mdlz
01[10:06] {@Threei}  1:2  
[10:08] {ese} btu out even .75 +/-.00
01[10:09] {@Threei}  out last 1/4 on a trail
[10:09] {dino} out ddd .05, +.55
[10:13] {dptl} stopped mdlz
01[10:14] {@Threei} Long Setup:  DAL  .25 break
01[10:14] {@Threei}  If holds  .15 
[10:18] {dino} wwe stop
[10:24] {dptl} watching cmcsa for .55 long may be
01[10:24] {@Threei} Long Setup:  WMT  .30 break
01[10:25] {@Threei}  If holds  .20 
[10:26] {dptl} in cmcsa
01[10:26] {@Threei}  DAL stop to .19
01[10:27] {@Threei}  touched 1:1 briefly
01[10:29] {@Threei}  grr
[10:30] {dptl} nope stopped cmcsa
01[10:32] {@Threei}  not delighted
01[10:32] {@Threei}  jerky market, no follow through
[10:32] {Les} like Nemo said, market fuckin about
[10:33] {nemo} I said, "pussy footin'"
[10:33] {Les} cava, good risk control Vad
[10:33] {Les} we know what u meant ;)
[10:34] {Les} gonna stop here for parent teacher meeting. lets see after lunch
[10:36] {dptl} short dhi
[10:36] {dptl} stop .86
[10:36] {nemo} maybe they'll arrest him at the school for child endangerment
[10:37] {Les} only in america dude
[10:37] {nemo} o.k.  they should then
[10:39] {Les} Short JPM
01[10:44] {@Threei} Long Setup:  TZA  .70 break
01[10:44] {@Threei}  If holds  .60 
[10:49] {Les} scalped ty
01[10:49] {@Threei}  1:1  
01[10:49] {@Threei}  yw
[10:49] {Les} jpm to trigger
[10:49] {dptl} dhi 1:1 out some
[10:50] {Les} VXX just hit morning highs
[10:52] {Les} jpm covered flat outta here
[10:55] {dptl} dhi 1:2 out more
[10:55] {dptl} stop to .71 
[10:56] {dptl} dont want to over sit
[10:57] {dino} ddd l .14
[10:59] {ese} L vix .09
[11:02] {ese} ou t vix .22 +.13
[11:02] {RonS} g ood job
[11:03] {ese} tks...should have went ½ ¼ ¼ maybe....but have never played the vix before.....seems like it mirrors the spyders
[11:03] {dptl} closed dhi
[11:03] {ese} nice move
01[11:04] {@Threei} Long Setup:  IWM  .50 break hl
01[11:05] {@Threei}  If holds  .40 
01[11:05] {@Threei}  1:1  
[11:06] {ese} sorry all xiv....not vix
01[11:08] {@Threei} Long Setup:  JPM  .50 break
01[11:08] {@Threei}  If holds  .45 
[11:12] {thomcbell} looking aal for long setup
01[11:14] {@Threei} Long Setup:  VXX  .70 break
01[11:14] {@Threei}  If holds  .60 
01[11:15] {@Threei}  this one has to be a 1:3
01[11:15] {@Threei}  market feels ready to break down
[11:16] {dino} data smr l .70
01[11:21] {@Threei}  ok market... panic time
01[11:21] {@Threei}  1:1  
[11:22] {thomcbell} cog 34.15 short break 
[11:22] {thomcbell} if holding 34.25
01[11:23] {@Threei}  1:2  
[11:25] {thomcbell} cog cancelled 
[11:26] {thomcbell} starting to look more like a bottoming 
[11:28] {dptl} watching hal for .65 break short
[11:29] {dptl} in
[11:37] {dptl} 1:1 out some
01[11:40] {@Threei} Long Setup:  TZA  .95 break
01[11:40] {@Threei}  If holds  .85 
01[11:43] {@Threei}  ok SPY... lose .15 and drop dead
01[11:45] {@Threei}  deader please
[11:50] {dino} naz just shy of 5% pullback in week, should be getting close to bounce area
01[11:52] {@Threei}  1:1  
01[11:53] {@Threei}  life looks brighter
[12:05] {dino} qld l .91
[12:05] {dptl} out balance hal
[12:07] {dino} stop -.15
01[12:07] {@Threei}  time for next leg TZA
01[12:13] {@Threei}  1:2  
01[12:13] {@Threei}  brighter yet
[12:14] {ese} outta here cya tomorrow
01[12:16] {@Threei}  1:3 will make me happy
[12:20] {dino} naz }5% drop
01[12:22] {@Threei}  COMP is around support level, but can just as easily break it and drop 100 more points
[12:31] {dino} qld l .qld l .30
[12:31] {thomcbell} there is that tiny gap in qqqq at 85.33 
01[12:37] {@Threei} Long Setup:  JPM  .10 break
01[12:37] {@Threei}  If holds  .04 
01[12:37] {@Threei}  just a scalp most likely
01[12:39] {@Threei}  Invalidated  
01[12:49] {@Threei}  valid again
01[12:49] {@Threei}  with stop under 59
01[12:50] {@Threei}  F Recalling 434K vehicles in two recalls - Detroit News
01[12:50] {@Threei}  what is it with endless recalls, one after another?
[12:55] {dino} lci l .90 ave
01[13:02] {@Threei}  (CA) Canada Budget Min Oliver: Reiterates budget balance for Canada in 2015; not expecting to increase spending after surplus as focus will be tax relief
01[13:02] {@Threei}  do you guys envy us yet?
[13:04] {dino} out qld .65, +.35
01[13:12] {@Threei} Long Setup:  GLD  125 break
01[13:13] {@Threei}  If holds  .90 
[13:14] {RonS} know you were here...if you were european we would be truly pissed...canadians have supported the us much more than most...
01[13:16] {@Threei}  and I personally do not appreciate at all those of canucks who rage about US being militant
01[13:16] {@Threei}  that is truly disgusting and hypocrictical freeloading
[13:17] {dino} the world would be a lt less free w/o usa spending on military
01[13:17] {@Threei}  absolutely
[13:17] {Les} dunno bout free, but definitely the less odious of economic systems going on out there
01[13:18] {@Threei}  and current trend of "bad guys" raisnign their head is the outcome of US withdrawal over last years
[13:18] {Les} Putin in charge? No thanks
[13:19] {dino} exactly 3i, obummer pulling back is letting dictators step up
01[13:20] {@Threei}  pulling backm and leatting crossing his own "red lines" go unpinished
01[13:20] {@Threei}  letting
01[13:20] {@Threei}  but candian financial state is a different matter altogether
01[13:21] {@Threei}  staying on fiscally conservative course through the whole crisis time, minimal and quickly withdrawn stimulus, lowering taxes
[13:22] {Les} yeh that is pretty calm sailing from a captain of state
01[13:22] {@Threei}  left is furious
01[13:23] {@Threei}  how dared he not to throw untold billions to "help people" while whole world did
01[13:23] {@Threei}  1:1  
01[13:26] {@Threei}  sometimes it's hard to believe the scorching hate they express for Harper
01[13:27] {@Threei}  if FB postings could burn, he would be incinerated in one day
[13:27] {RonS} well, they do belong to an intolerant religion...
[13:28] {dptl} watching apc .80 short
01[13:28] {@Threei}  yet are first to accuse others of intolerance
[13:30] {dptl} half out
01[13:31] {@Threei}  wtg
[13:31] {dptl} out more
[13:33] {dptl} done 1:3...didt get all i wanted broke to fast ...but....ok
01[13:42] {@Threei} Long Setup:  CAT  .62 break hl
01[13:42] {@Threei}  If holds  .52 
[13:43] {Les} HD Vad? .50 break?
01[13:44] {@Threei}  probably
[13:44] {dino} qld l .00
01[13:44] {@Threei}  if SPY bottomed out, should be OK
[13:46] {Les} That is VWAP resistance its at. 2 way
[13:46] {Les} play
[13:48] {RonS} pbyi sell the news...
[13:49] {dino} pbyi drop
[13:49] {dino} opps
[13:50] {dino} vsm l .88 pbyi
[13:57] {dino} pbyi stop
01[13:58] {@Threei}  1:1  CAT 
01[13:58] {@Threei}  day moved to positive
[13:58] {dptl} lol...funny mazda recall....spyders issues
01[13:59] {@Threei}  hmm?
01[13:59] {@Threei}  lol
01[14:00] {@Threei}  I knew there was a reason I disliked Mazda
01[14:00] {@Threei}  now, this is getting ridiculous:
01[14:00] {@Threei}  (RU) US Sec State Kerry spoke with Russia Foreign Min Lavrov earlier today regarding the situation in Ukraine - press- discussed having direct talks within the next 10 days between the EU, Russia, Ukraine and the United States
01[14:00] {@Threei}  there won't be Ukraine when they finish talking
[14:06] {goinshort} if ya kick the Cat the Deer will chase it
01[14:07] {@Threei}  hmmm
[14:07] {dino} pbyi, what would happen if drug trial was no good? sheesh
01[14:07] {@Threei}  the things I learn here...
01[14:07] {@Threei}  lol dino
01[14:07] {@Threei}  1:2  CAT 
[14:07] {dino} gap at 50s, but thats a long way down
[14:16] {dptl} today same as it was on friday...all day sale and then a little bounce at the end, right?
[14:17] {dino} so far
01[14:17] {@Threei}  if I remember correct, by this time bounce was in full bloom
01[14:17] {@Threei}  not so much today
01[14:17] {@Threei}  maybe different
[14:19] {dino} pbyi vsm l .28
[14:21] {nemo} vxx
01[14:21] {@Threei} Long Setup:  VXX  .30 break
01[14:22] {@Threei}  I won't insult you by undicating the stop level
[14:22] {Les} u can insult me
01[14:22] {@Threei}  you realize nemo is here, right?
[14:23] {Les} is he? havne't heard a peep
[14:23] {nemo} that's waaaaaaay to easy
[14:23] {dptl} lol...hide
[14:23] {dino} pbyi stopped, that sucked
[14:24] {nemo} 183.91 is spy 50 day
[14:24] {nemo} 1 frickin' penny away
01[14:26] {@Threei}  White House warns Russia about overt or covert action in Ukraine
01[14:26] {@Threei}  oh my... another warning!
[14:27] {nemo} Putin probably has to wear Depends from pissing his pants laughing so much
[14:27] {dino} ohh boy, obummer may sanction 5 more guys
01[14:27] {@Threei}  you underestimated him... I am sure he will sanction no less than 7
01[14:28] {@Threei}  "We saw groups of pro-Russian demonstrators take over government buildings in the eastern cities of Kharkiv, Donetsk and Luhansk," White House spokesman Jay Carney told reporters. "There is strong evidence suggesting some of these demonstrators were paid and were not local residents.
01[14:28] {@Threei}  heh
01[14:28] {@Threei}  that was the plan all along, Carney
01[14:29] {@Threei}  why send troops in if you can explode it all from inside
[14:29] {goinshort} out cat 1:1  de 1:1
[14:30] {dino} gj
01[14:30] {@Threei}  and yes:
01[14:30] {@Threei}  "The president and his team will continue to assess Russia's actions and whether or not to impose those further sanctions," Carney said.
01[14:30] {@Threei}  man...
[14:32] {goinshort} thanks dino + V
01[14:32] {@Threei}  :)
01[14:35] {@Threei}  next leg down SPY
[14:36] {nemo} I don't like we're not getting vxx this close to spy  50 day
[14:37] {dptl} long cbs
[14:39] {dptl} half out
01[14:41] {@Threei}  no go
[14:41] {nemo} spy 50 day bounce
[14:42] {dptl} 1:2 out in full cbs
[14:44] {dptl} wow...didt expect that 
[14:45] {nemo} expect what?
[14:45] {dptl} almost 1:5
[14:45] {dptl} but hey..:)
[14:45] {nemo} look spy, and look vwap cbs
[14:46] {nemo} 60 perfect target
[14:46] {dptl} ye...i just thought i"ll be a little bounce first
[14:47] {nemo} there ya' go thinkin' again
[14:47] {dptl} damn it ...lol still , sometimes
[14:49] {nemo} you married dp?
[14:52] {dptl} no
[14:52] {nemo} that's the problem...you'd be brain dead if you were
[14:53] {dptl} lol...i am afraid not only just brain
01[14:53] {@Threei} Long Setup:  VXX  .65 break
01[14:53] {@Threei}  If holds  .60 
[14:53] {nemo} I think this is an index vwap run
01[14:54] {@Threei}  VXX bounce should be close, time to start probing it withn small stops
[14:54] {nemo} sounds more like sex with a virgin
01[14:55] {@Threei}  75 cents drop in minutes
01[14:55] {@Threei}  65
[14:56] {dino} qld to .85
[14:56] {dino} out +.85
[14:56] {thomcbell} nice dino
01[14:56] {@Threei}  wtg
[14:56] {dino} ty, got lucky
[14:57] {nemo} shut up dino
[14:57] {nemo} lucky
[14:57] {nemo} sheesh
01[14:57] {@Threei}  lol
01[14:59] {@Threei}  1:1  
01[15:00] {@Threei}  *(US) FEB CONSUMER CREDIT: $16.5B V +$14.0BE
01[15:00] {@Threei}  got VXX bottom just right
01[15:00] {@Threei}  despite nemo's attempts to talk me out of it
[15:00] {thomcbell} jks 27.50 short break if holding 27.60
[15:01] {thomcbell} small shares 
[15:03] {nemo} I didn't try to talk you out of it, just saying what I think we're looking at
01[15:03] {@Threei}  I know
01[15:04] {@Threei}  1:2  
01[15:04] {@Threei}  getting better and better
[15:05] {dino} wwe l .51
[15:06] {goinshort} vxx 1:2 and out- thanks V!
01[15:06] {@Threei}  :)
[15:09] {thomcbell} covering jks flat 
[15:12] {dino} wow pbyi
[15:14] {RonS} adidas ran all over it?
[15:14] {dptl} ok,i have to leave early....see ya tomorrow all
[15:14] {RonS} cya dp
01[15:14] {@Threei}  take care dp
[15:17] {dino} out data .70, +1.00
[15:18] {dino} ddd to .14
[15:19] {nemo} gap up tomorrow
[15:19] {dino} out ddd .14, +1.00
[15:21] {dino} wwe stop is .29, can't break .55
01[15:25] {@Threei}  direction of the last thrust for the day is difficult to sense
[15:26] {thomcbell} yhoo higher low
[15:26] {thomcbell} volume is shocking last few days 
[15:26] {nemo} shoulda' been here in 2008 and 2009
[15:28] {nemo} oh u talking yhoo specifically?  how close we to that chinese ipo
[15:28] {nemo} Alibaba
[15:28] {nemo} ?
[15:29] {dino} wwe to b/e
[15:30] {dino} out
[15:33] {dino} fall i think nemo
[15:36] {thomcbell} i was speaking about yhoo lots of volume last few days
[15:36] {thomcbell} alibaba was to be some time in April 
[15:37] {nemo} it might be positioning starting for that then
01[15:38] {@Threei}  Kerry warns Lavrov Russia faces 'costs' if it further destabilizes Ukraine
[15:38] {nemo} Putin changing his Depends again
01[15:38] {@Threei}  just the cost of depends must be killing him
01[15:39] {@Threei} Long Setup:  YHOO  .20 break hl
01[15:39] {@Threei}  If holds  .10 
[15:39] {nemo} nah, he'll just charge Europe more for gas
01[15:49] {@Threei}  meh
[15:50] {goinshort} Thanks all - see ya!
[15:50] {dino} gn gs
01[15:50] {@Threei}  take care gs
01[15:50] {@Threei}  last thrust turned to be down
[15:51] {thomcbell} later all 
01[15:51] {@Threei}  ok guys, thank yiu all
01[15:51] {@Threei}  have a good evening, see you tomorrow
[15:52] {dino} alibaba ipo expected in 3rd quarter
[15:52] {dino} yahoo search on it
01[15:53] {@Threei}  I think that's about the last big thing YHOO has going for it
[15:53] {dino} pbyi vsm l .29