Wednesday, April 16, 2014

Apr 16 2014

Very nice day that started with some back and forth trades, then broke decisively our way with 2 1:3ers on IWM and short AIG, and ended with another strong long trade on AIG that didn't reach 1:3 by a few cents being saved by bell. 

Session Time: Wed Apr 16 00:00:00 2014
[08:53] {dptl} good morning
01[08:54] {@Threei}  dp :)
[09:01] {dino} gm
01[09:03] {@Threei}  dino :)
[09:20] {RonS} hello mutes   :)
01[09:20] {@Threei}  ron :)
01[09:26] {@Threei}  watching GDX for 24 break short
[09:27] {RonS} BREAKING: Yamana, Agnico Eagle in pact to buy Osisko for about C$3.9 billion.
[09:28] {ese} i'm here i'm here....let the bells ring let the banners fly i'm here!
01[09:28] {@Threei}  ese :)
01[09:29] {@Threei}  nemo is not here for the morning so you may run free
[09:29] {ese} hmmmmmm that was wasted....nemo and Les arn't here....how can you drive someone crazy if there not here
[09:29] {RonS} dino's std to you ese...
[09:29] {RonS} golf clap
[09:29] {ese} lol
[09:29] {dino} std?
01[09:29] {@Threei} Short Setup: GDX  24 break
[09:30] {RonS} sexually transmitted disease...std
[09:30] {dino} yuk
[09:31] {dino} hell of an open gap
01[09:31] {@Threei} Long Setup:  C  .60 break
01[09:31] {@Threei}  If holds  .50
01[09:32] {@Threei}  change to .50 break
01[09:32] {@Threei}  Invalidated
[09:34] {ese} got csx on the radar
01[09:35] {@Threei} Long Setup:  JPM  .90 break
01[09:35] {@Threei}  If holds  .80
[09:35] {dino} me too ese
[09:35] {dino} gap 26.50 area
[09:35] {ese} dino csx dn ¾% on positive news....might be worth a look
01[09:35] {@Threei}  CSX Guides FY14 EPS up modestly, sees FY15 EPS up by double digits, expects this rate of earnings growth to be sustainable - conf call slides
[09:36] {ese} 3 to 4 % not 3/4
[09:36] {dino} see above ese, on it
01[09:37] {@Threei}  change JPM to .80 break
01[09:37] {@Threei}  If holds  .75
01[09:38] {@Threei}  Newsweek: After Ukraine, countries that border Russia start thinking about nuclear deterrents
[09:38] {ese} ah......am blind
[09:39] {ese} L sm csx .25
[09:40] {dino} csx sm l .25
[09:40] {RonS} wow csx has 1 bil sh outstanding
01[09:41] {@Threei}  GDX stop .09
01[09:42] {@Threei}  half out JPM
01[09:42] {@Threei}  stop to .79
[09:45] {dino} nsc sm l .59
01[09:46] {@Threei}  half out GDX
01[09:46] {@Threei}  stop to .01
01[09:48] {@Threei}  closed JPM
[09:48] {dino} out nsc .29, +.70
01[09:48] {@Threei}  wtg
[09:48] {dino} ty
[09:49] {ese} wow dino ...nice one...expect nohing less
[09:50] {dino} got lucky
[09:51] {dino} csx to .59
[09:51] {RonS} golf trips pay off, realizing that the weather is different in the south v the north...
[09:51] {dino} out csx .60, +.35
[09:51] {ese} out csx .68 +.43
[09:51] {RonS} gj
[09:51] {ese} tks
[09:52] {dino} ty
[09:52] {dino} gj ese
[09:52] {ese} tks
[09:53] {dino} markets pulling back
01[09:53] {@Threei} Long Setup:  C  .90 break
[09:53] {dino} 07 red
[09:54] {ese} csx should be cash cow today....am lookin to get in after pullback
01[09:54] {@Threei}  Invalidated
[09:54] {dino} 27.25 area
[09:54] {ese} was thinkin .40 area  maybe little lower
[09:55] {ese} looks like some support there
[09:55] {dptl} long hd
[09:55] {ese} csx maybe...fundamentals are good
[09:57] {dino} stj drop
[09:57] {dino} trades air pocket like
[09:57] {ese} she be jammin and jammin "Stevie Wonder, Master Blaster"...might not make it to .40
[09:58] {ese} as i type it did
[09:58] {ese} dn to .25
[09:59] {dino} stj smr l .52 pulp
[10:01] {Les} sm vxx long ty dino 07 red
[10:02] {Les} scalp only
[10:04] {Les} chop chop
01[10:04] {@Threei} Long Setup:  TZA  .45 break
[10:04] {dptl} stopped hd
[10:04] {dino} out stj .12, +.60
01[10:04] {@Threei}  If holds  .35
[10:05] {dino} np les, hope it helped
[10:05] {ese} man dino......go man go.....well done
[10:05] {dino} thx
[10:06] {ese} L csx .45111
01[10:06] {@Threei}  no go
[10:06] {ese} give me a break
[10:08] {Les} IWM trying to recover the daily uptrend channel
01[10:09] {@Threei}  SPY feels like breakdown still
[10:10] {ese} technically looks like breakdown
[10:11] {dino} fwiw 07 red
[10:12] {ese} hmmmm may have gotten into csx slightly too soon.....thought my  1min 8ma had turned up
01[10:12] {@Threei} Long Setup:  VXX  .45 break
01[10:12] {@Threei}  If holds  .35
[10:12] {dino} 07 green, lots of indecision
[10:12] {ese} alas poor friggin Jouric......it did not
[10:13] {ese} i remember asking this a few weeks back....what is your 07 dino
[10:13] {dptl} watching amat .50 break short
[10:14] {ese} highest cap stocks in all the sectors
01[10:14] {@Threei}  no way
01[10:14] {@Threei}  I am not editing log again {G}
[10:14] {dptl} in amat
[10:14] {dptl}  .56 stop
[10:14] {dino} scrolling scanner of constantly changing 25 stocks moving in increments of .07 or greater, up and down
01[10:15] {@Threei}  1:1
[10:15] {ese} huh...wow
[10:15] {dino} glog spike
[10:15] {ese} so the stock base is constantly changing
01[10:16] {@Threei}  just a scalp
[10:16] {Les} ty vad. still chopperoony
01[10:16] {@Threei}  yes
[10:16] {dino} yes, its a pulp scanner, whatever moves in .07 or greater shows
[10:16] {ese} L csx a heck of alot more avg .44
[10:16] {dino} capits/euphoria
[10:17] {Les} SPY sitting on christmas top now serving as support. tug of war here
[10:17] {ese} cool...interesting
[10:17] {dino} its where i get 80% of my plays
[10:20] {dptl} stopped amat
[10:23] {ese} and the grammy for the best in the "heck of alot more" category goes to OUT CSX .63 +.19 AT 3K!!!!!!1 thunderous applause
[10:23] {Les} frik me ese. nice one
[10:24] {ese} tks....always loved the grammys
[10:24] {Les} garden beckons a+
[10:24] {ese} haven't done that in a while.......the spirituality of the moment has to be right
01[10:24] {@Threei} Long Setup:  IWM  112 break
01[10:25] {@Threei}  If holds  .90
[10:26] {dino} es4e, nice
01[10:26] {@Threei}  not ready yet
[10:26] {ese} and besides......if dino is seeing green...........that spells money with a capitol M
[10:27] {ese} tks
[10:27] {dino} lol
[10:27] {dino} could be the irish in me
[10:27] {ese} am considering 1k back in here again
01[10:28] {@Threei} Short Setup: RIG  .50 break
01[10:29] {@Threei}  If holds  .60
[10:29] {ese} this thing "csx" is operating independantly of the mrkt.......it's easy to read
[10:29] {dino} "better worlds" trading theory
[10:29] {dino} i live by it
01[10:31] {@Threei}  Invalidated
01[10:33] {@Threei} Long Setup:  GM  .60 break
01[10:33] {@Threei}  If holds  .55
01[10:33] {@Threei}  change to .55 break
[10:33] {ese} better worlds?   whats that a book?
01[10:33] {@Threei}  If holds  .50
01[10:34] {@Threei}  quote from the book...
01[10:34] {@Threei}  "there are better worlds than this"
[10:34] {ese} whats the booK?
[10:34] {dino} yes, king
[10:34] {dino} dark towers?
01[10:35] {@Threei}  Stephen King, Dark Towers
[10:35] {dino} csx hl l .45
[10:35] {ese} L csx .47
[10:36] {ese} ascending triangle if i ever saw one on a 1 min chrt
[10:40] {ese} L csx avg .486745
[10:41] {ese} quick calculation in my head .486745 to ahhhhh.....hmmmmmm that puts my profit at......sheesh
06[10:42] * @Threei hands ese an abacus
[10:42] {ese} lol
[10:43] {RonS} imagine if his spelling was so exact  :)
01[10:43] {@Threei}  mind boggles
01[10:43] {@Threei}  meh GM
[10:43] {dino} csx stop .48, +.03
[10:43] {ese} ya ya....ya ya......always a wise guy in the crowd
01[10:44] {@Threei}  ese, nemo is not here... ron has to carry double weight on his shoulders today
[10:44] {ese} yes indeed he does
01[10:45] {@Threei}  Google Inc FireEye uncovers major hole in Android security, Google issues software patch - tech blogs- Google has issued a patch for an attack that could lead an Android user to a phishing site. FireEye recently spotted an malicious Android application that could modify the icons of other applications so that when they're launched, they send victims to a phishing website.
[10:45] {ese} hmmmmm whats that .03 cents 10K dino.......nice
[10:45] {dino} i wish
01[10:46] {@Threei}  so, Kyiv sends 6 armored vehicles in one of the cities overtaken by Russian paramilitary... guess what happens next
[10:46] {ese} I Wish is by Stevie Wonder
01[10:46] {@Threei}  right, those vehicles are now driving under Russian flag
[10:47] {ese} "lookin back on when I, was a little nappy headed boy"
[10:51] {ese} ok dino.....you may be right....this is an aweful long hang here with csx and it notgoin anywhere
[10:52] {ese} oops....there we go
[10:53] {ese} no punchy through the upper B band......hmmmmmm
01[10:53] {@Threei} Short Setup: WMT  .20 break
01[10:53] {@Threei}  If holds  .30
[10:57] {dptl} watching gt for .85 break long
[10:58] {dino} adtn drop
[11:03] {dptl} hpq .40 break short...watching
[11:04] {ese} out csx .54 +.05?????? gotta go all cya tomorrow
01[11:04] {@Threei}  take care ese
[11:04] {ese} cya vad dino dp ron et al
[11:06] {dptl} all my watching invalidated
[11:06] {RonS} always wonder, if al gets et, how can he still be around?
01[11:07] {@Threei}  lol
01[11:07] {@Threei}  took me a sec
[11:15] {dptl} in gt
[11:15] {dino} cnmd?
01[11:15] {@Threei}  no go WMT
01[11:15] {@Threei}  back and forth day
[11:16] {RonS} CNMD Conmed Explores Sale
01[11:16] {@Threei}  CONMED Corporation Said to have recently hired advisors to help advise on possible sale of the company - financial press
01[11:16] {@Threei}  that's yesterday though
[11:17] {RonS} CONMED ($CNMD) Worth up to $59/Share in Takeover - Needham & Company
[11:17] {dptl} half out gt
[11:18] {dino} ty
[11:20] {dptl} stop to .84 gt
[11:24] {dptl} out
01[11:25] {@Threei} Long Setup:  IWM  .80 break
01[11:25] {@Threei}  If holds  .70
[11:25] {dptl} will do scalps from now on today
01[11:28] {@Threei}  {scalps}??
[11:28] {dino} cvlt sm l .00
01[11:28] {@Threei}  IWM valid still
01[11:28] {@Threei}  1:1
[11:28] {dptl} yes will scalp whole pos
01[11:29] {@Threei}  nevermind... that was a joke
01[11:29] {@Threei}  scalps were outraged by the threat of violence
01[11:29] {@Threei}  1:2
[11:29] {dino} out cvlt .24, +.24
[11:29] {dptl} :)
01[11:30] {@Threei}  (RU) Russia Fin Min Siluanov: Fiscal policy needs to be tightened, sending more budget funding into the economy is unreasonable given level of capital flight
01[11:30] {@Threei}  or try to occupy 2-3 more countries
01[11:30] {@Threei}  maybe capital returns
[11:33] {dptl} watching sbux
01[11:38] {@Threei} Long Setup:  FB  .65 break
01[11:38] {@Threei}  If holds  .55
01[11:41] {@Threei}  1:1
[11:45] {dino} gj
01[11:45] {@Threei}  ty
01[11:46] {@Threei}  SPY is in the state of uneasy calm
[11:48] {nemo} looks boring out there
01[11:49] {@Threei}  oh, you missed so much
01[11:50] {@Threei}  [09:28] {ese} i'm here i'm here....let the bells ring let the banners fly i'm here!
01[11:50] {@Threei}  [09:28] {@Threei} ese :)
01[11:50] {@Threei}  [09:29] {@Threei} nemo is not here for the morning so you may run free
01[11:50] {@Threei}  [09:29] {ese} hmmmmmm that was wasted....nemo and Les arn't here....how can you drive someone crazy if there not here
01[11:50] {@Threei}  "there not here" might become my new fav
01[11:51] {@Threei}  so many layers "there"
[11:51] {nemo} yeah
[11:51] {nemo} I see C&Hs just broke on fas spy and iwm
01[11:52] {@Threei}  IWM is a toughie today
[11:52] {nemo} Granmama is speaking today
[11:54] {dino} stj spike
01[11:59] {@Threei} Long Setup:  IWM  112 break
01[11:59] {@Threei}  If holds  .90
[11:59] {dptl} long met...stop under .15
[11:59] {dino} stj l .70
01[12:02] {@Threei}  1:1
01[12:04] {@Threei}  European Union Commissioner for Enlargement and European Neighborhood Policy Stefan Fule has said that Russian propaganda today is more aggressive than during the Cold War
01[12:05] {@Threei}  that's true... I haven't heard such vitriol against West since ever
01[12:06] {@Threei}  1:2
[12:06] {dino} out stj .71 +.01 don't like it
01[12:07] {@Threei}  dp... this IWM drive is its reaction on your "scalps only" {G}
[12:09] {dptl} out met :)
[12:11] {dptl} fine met...just keep going...lol i am all out
01[12:11] {@Threei}  1:3
[12:11] {dptl} boy...i need a break :)
[12:14] {dino} lol
[12:21] {nathan} hi  gents
01[12:21] {@Threei}  hey nathan
01[12:23] {@Threei} Short Setup: AIG  .30 break
01[12:23] {@Threei}  If holds  .40
01[12:25] {@Threei}  stop to .36
01[12:31] {@Threei}  Fed's open market committee expects interest rates to remain low for 'considerable time,' chairwoman says
01[12:32] {@Threei}  1:1
[12:33] {nathan} nice
01[12:33] {@Threei}  that's me... nice
01[12:33] {@Threei}  many don't think so
01[12:33] {@Threei}  so I beat them into submission with 2x4
01[12:33] {@Threei}  so they agree that I am nice
[12:34] {nathan} :-)
01[12:35] {@Threei}  as russian joke goes... "good will surely defeat the evil... put evil on its knees and kill it horribly"
[12:37] {dptl} short lltc
[12:37] {dptl} .10 break
[12:38] {dptl} stop above .15, will keep it tight
01[12:40] {@Threei}  remember my prediction that Donetsk becomes Russian within 1 month, made on Apr 13?
[12:40] {thomcbell} im looking at it long fyi
[12:40] {thomcbell} lltc
01[12:41] {@Threei}  Pro-Russian activists in Donetsk region are planning a referendum for May 11 where one would be asked to vote on whether one wanted the region to be an independent state, remain part of Ukraine, or become part of Russia.
01[12:41] {@Threei}  right on schedule
[12:41] {thomcbell} setupnot there either way - vwap below and not clearly long setup obviously
[12:42] {dptl} stopped lltc
[12:46] {thomcbell} dp they sold right into that spike
[12:47] {dptl} yeap
[12:47] {dptl} speechless
01[12:48] {@Threei}  balance stop to .27, AIG
[12:51] {dptl} watching esv for .90 break short
[12:58] {dino} back in 30 minutes or so
[13:00] {dptl} in esv
01[13:00] {@Threei}  1:2
01[13:01] {@Threei}  with these last two, IWM for 1:3 and AIG 1:2 so far, day looks nice
01[13:03] {@Threei}  Yellen is finally takes her favorite seat, read the last words:
01[13:03] {@Threei}  (US) Fed Chair Yellen: Labor market is behaving in perplexing ways, developing new patterns, employment recovery has been frustratingly slow- Fed to adjust policy to drive healing in the job market. - Not just seeing cyclical problems, seeing technological and institutional change, growing inequality.
[13:04] {nathan} back in 10min
[13:04] {thomcbell} lltc looks like 44.93 short break here dp
01[13:04] {@Threei}  to remind, this is the gal who always advocated for raising minimum vage drastically as a method of healing all society ills
01[13:04] {@Threei}  1:3  AIG
01[13:04] {@Threei}  out
[13:06] {dptl} half out esv
[13:14] {dptl} out balance
[13:17] {dptl} watching yhoo .10break short may be
[13:18] {dptl} oops i am in
[13:19] {RonS} you say that to all the girls...
[13:19] {dptl} lol
[13:20] {nathan} lol
01[13:22] {@Threei}  and scalps are scared of him to death after he promised to "do them"
[13:24] {dptl} stopped
[13:24] {dptl} dont understand today
[13:27] {thomcbell} what a circus
[13:29] {dino} .
[13:31] {dino} that was me yesterday morning dp
01[13:31] {@Threei}  CYBX Ticks lower cautious mention by financial blog- TheStreetSweeper says Cyberonics products linked to 9,000 deaths and injuries since 1998.
[13:34] {dino} cvlt big range on daily
[13:35] {dino} stj running 61-61.40 back and forth
[13:50] {dino} scanners are dead
01[13:50] {@Threei}  yeah, quiet
01[13:50] {@Threei}  before the storm, I suspect
[13:53] {nathan} can't belive it
[13:53] {nathan} hit 2 time my 1:1 and the third only sold me 141 of 300
[13:54] {nathan} that's bad luck
01[14:30] {@Threei} Long Setup:  AIG  .10 break
01[14:30] {@Threei}  If holds  50
[14:32] {dptl} in
[14:38] {dino} calling it a good day and week. back on tuesday. good luck all and happy easter
[14:39] {thomcbell} take care dino
01[14:39] {@Threei}  happy easter dino, have fun
01[14:39] {@Threei}  we promise to leave some money in the market for you
[14:39] {dino} :)
[14:40] {nathan} take care dino
[14:43] {nemo} indexes gonna' pop
01[14:43] {@Threei}  that's what I feel too
[14:43] {nemo} relative volume is so low
[14:44] {nemo} path of least resistance
[14:44] {nemo} too many frickin' bears around too
[14:44] {thomcbell} day has been a bit maddening
[14:44] {nemo} why?
[14:45] {thomcbell} havent gotten it done today
[14:45] {thomcbell} lots of stops
[14:45] {nemo} stilted range in the indexes
[14:45] {nemo} not much moving
[14:45] {nemo} coming to the end of the holiday week too
[14:46] {thomcbell} havent adapted to the environment of the last few days
[14:46] {dptl} you tightening stop aig now ? Vad?
01[14:46] {@Threei}  .04
[14:46] {dptl} k
01[14:51] {@Threei}  1:1
[14:52] {dptl} out half ty
[14:53] {nathan} 1:1 tx vad
01[14:53] {@Threei}  :)
[15:01] {dptl} i'll move stop to .14 now
01[15:02] {@Threei}  I'd prefer .25 break for trailing to .14
01[15:03] {@Threei}  but admittedly, it's a persinal preference
01[15:03] {@Threei}  personal too
[15:03] {dptl} ok ..will keep 09
01[15:09] {@Threei}  trail to .14 now to protect from double top
[15:09] {dptl} k
06[15:28] * @Threei kicks AIG in the rear
[15:29] {thomcbell} gm trading very well here
[15:29] {thomcbell} looks like 34 long break
[15:29] {thomcbell} if holding 33.90
[15:32] {nathan} well gents have long weekend
[15:32] {nathan} happy easter
01[15:32] {@Threei}  take care nathan
[15:33] {dptl} market open tomorrow?
01[15:33] {@Threei}  yes
[15:33] {dptl} oh ye...friday closed
01[15:39] {@Threei}  1/4 more out
01[15:39] {@Threei}  stop .19
01[15:39] {@Threei}  time's pressing
[15:40] {dptl} out some too
01[15:47] {@Threei}  1:2
01[15:47] {@Threei}  stop to .24
01[15:48] {@Threei}  either it spikes on last minutes or we close it here
[15:48] {dptl} ok
[15:48] {dptl} offered .39 last
06[15:50] * @Threei slaps dptl around a bit with a large roll of cash
[15:50] {dptl} :)
01[15:58] {@Threei}  ok
01[15:58] {@Threei}  out .35
[15:58] {dptl} out
01[15:58] {@Threei}  saved by the bell :)
01[15:58] {@Threei}  no complaints at all
01[15:58] {@Threei}  good day
01[15:59] {@Threei}  thank you all, have a great evening
01[15:59] {@Threei}  see you tomorrow
[15:59] {thomcbell} gn