Friday, May 2, 2014

May 02 2014

Jerky action in the morning dug a hole, afternoon was spent to fill it. Ended flat. Some days are like that.

Session Time: Fri May 02 00:00:00 2014
[08:50] {dptl} good morning
01[08:51] {@Threei}  morning dp
[08:55] {thomcbell} gm guys
01[08:56] {@Threei}  thom :)
[08:57] {dino} gm
01[08:57] {@Threei}  dino :)
[09:00] {Phil} gm all
01[09:00] {@Threei}  phil :)
[09:01] {dino} 3i, you'll appreciate this...spring time has officially arrived for me in north east pennsylvania. proof of this, a tee time today at 1:00.
01[09:03] {@Threei}  lol
01[09:03] {@Threei}  nathan would say you stress yourself too much
[09:05] {troub} good morning
01[09:05] {@Threei}  troub :)
[09:05] {dino} :)
[09:06] {dino} when golf becomes stressful, i will give it up.
01[09:06] {@Threei}  oh come on, don't be a quitter... endure
[09:08] {dino} if would have been better word
01[09:08] {@Threei}  :)
01[09:14] {@Threei}  finally: http://www.bbc.com/news/science-environment-27228416
[09:16] {Phil} interesting
01[09:17] {@Threei}  article mentions that it might have trading implications, and I am sure it is
01[09:17] {@Threei}  observed people losing on long side on some stoxk, and immediately trying to short it
01[09:17] {@Threei}  same idea
[09:18] {Phil} thats what I was thinking, next time i'm in a losing prosition im going to cut the lead on my mouse and hit it with a rock
01[09:19] {@Threei}  sounds about right
[09:22] {goinshort} morning all from rainy florida
01[09:22] {@Threei}  gs :)
[09:23] {RonS} gm
01[09:23] {@Threei}  ron )
[09:26] {cosmo} Tampa?
[09:28] {goinshort} panama city beach
[09:29] {ese} mornin
01[09:29] {@Threei}  today risk of a sudden market move is larger... Ukraine troops resumed operation in Slavyansk, center of separatists activity... if they start looking like suuceeding, that's pretext Russia needs to invade
01[09:29] {@Threei}  ese :)
01[09:30] {@Threei} Long Setup:  TZA  .15 break
01[09:30] {@Threei}  If holds  .05
01[09:31] {@Threei}  1:1
01[09:32] {@Threei} Short Setup: C  .75 break
01[09:32] {@Threei}  If holds  .85
01[09:32] {@Threei}  yuck
01[09:32] {@Threei}  no go
[09:36] {nathan} morning gents
01[09:36] {@Threei}  morning nathan
[09:36] {dino} expe hl l .15
[09:38] {dino} out expe .24, +1.09
[09:39] {dino} no takers?
01[09:39] {@Threei} Long Setup:  FB  .70 break hl break
[09:39] {nemo} spy likely to try for the premarket high
[09:39] {Alexs} gm
01[09:39] {@Threei}  If holds  .60
01[09:39] {@Threei}  ales :)
[09:40] {Alexs} what setup?
01[09:40] {@Threei}  Invalidated
01[09:42] {@Threei} Long Setup:  FB  .40 break hl
[09:42] {dino} open all over the tape
01[09:42] {@Threei}  If holds  .30
01[09:42] {@Threei}  Invalidated
01[09:43] {@Threei}  last one, .25 break
01[09:43] {@Threei}  If holds  .15
01[09:43] {@Threei}  invalidated too
01[09:45] {@Threei} Long Setup:  JPM  .10 break
01[09:45] {@Threei}  If holds  56
01[09:47] {@Threei}  Obama, Merkel to display unity against Russia
01[09:47] {@Threei}  Putin: I can't be third??
01[09:48] {@Threei}  stop to .04
[09:48] {dino} 1/3 germanys oil/gas comes from russia
01[09:48] {@Threei}  meh
[09:49] {dino} expe lod
01[09:49] {@Threei}  when have time, read this: http://www.themoscowtimes.com/news/article/merkel-says-world-war-horrors-underline-need-for-diplomacy-with-russia/499298.html
[09:49] {nathan} MSFT falling
01[09:50] {@Threei}  watching FB for pullback
01[09:50] {@Threei}  finally showed some green
01[09:50] {@Threei} Long Setup:  FB  .90 break hlf
01[09:50] {@Threei}  If holds  .80
[09:51] {dino} something seems off in markets
01[09:51] {@Threei}  hesitance...
[09:52] {dino} feels like big drop coming....maybe its just me
01[09:52] {@Threei}  no
01[09:52] {@Threei}  no go
01[09:53] {@Threei} Long Setup:  TZA  .05 break
01[09:53] {@Threei}  If holds  .95
[09:55] {ese} L wprt .49
[09:58] {thomcbell} akam looks vulnerable to profit taking after that down move
[09:59] {dino} out tza flat
[09:59] {ese} out wprt .52 +.03  was chasing it didn't do what i wanted
01[09:59] {@Threei}  *(US) MAR FACTORY ORDERS: 1.1% V 1.5%E
01[09:59] {@Threei}  stop to .99
01[10:01] {@Threei}  out
01[10:01] {@Threei}  not our morning
[10:01] {nathan} out
01[10:02] {@Threei} Long Setup:  DAL  .30 break
01[10:02] {@Threei}  If holds  .20
01[10:04] {@Threei}  valid still
01[10:08] {@Threei}  stop to .24
01[10:09] {@Threei}  what the deuce with turning around couple cents before target
01[10:09] {@Threei}  that would be a third trade doing that
01[10:10] {@Threei}  half out
01[10:10] {@Threei}  stop .29
01[10:10] {@Threei}  if that's what market does today, let's adapt
[10:11] {ese} L mack .33
01[10:11] {@Threei}  1:1
[10:12] {nathan} 1:1 tx Vad
01[10:12] {@Threei}  yw
[10:16] {thomcbell} akam
[10:16] {thomcbell} was too jumpy
[10:16] {troub} have to run, good to finish with a winner.have a good weekend all.
[10:16] {ese} atta boy troub
01[10:16] {@Threei}  take care troub, have a good one
01[10:17] {@Threei}  (UR) Ukraine acting Pres: Operations in Sloviansk are continuing, two Ukraine soldiers have died
01[10:20] {@Threei} Long Setup:  TZA  .80 break
01[10:20] {@Threei}  If holds  .73
[10:21] {Alexs} two sided?
01[10:21] {@Threei}  nah
01[10:21] {@Threei}  long or no play
01[10:29] {@Threei}  remember I said yesterday Putin appreciates IMF loans to Ukraine?
01[10:29] {@Threei}  Russia expects Ukraine to spend part of IMF loan toward clearing gas debt
01[10:29] {@Threei}  there
[10:30] {dino} like getting paid to invade
[10:31] {Alexs} I don't think it's in the plans of  Ukrainians
01[10:32] {@Threei}  no, they hope to steal it without paying anything to anyone
[10:32] {Alexs} lol
[10:32] {Alexs} that's what I  meant
[10:35] {nathan} will bounce TZA?
[10:36] {nathan} there's the answer
01[10:37] {@Threei}  if setup shapes up
[10:37] {nathan} broke the lod
01[10:37] {@Threei}  don't guess
01[10:40] {@Threei} Short Setup: GLD  .65 break
01[10:40] {@Threei}  If holds  .75
01[10:41] {@Threei}  1:1
[10:46] {Alexs} Actually Europa expects to get most of the money IMF gives to Ukraine http://www.reuters.com/article/2014/05/01/us-ukraine-crisis-debts-imf-idUSBREA400TS20140501
01[10:46] {@Threei}  Ukraine is very upset by all the competition
01[10:48] {@Threei}  drop came out of nowehere
[10:48] {nathan} dino, there it goes your perception
01[10:48] {@Threei}  no setup
01[10:48] {@Threei}  [09:29] {@Threei} today risk of a sudden market move is larger... Ukraine troops resumed operation in Slavyansk, center of separatists activity... if they start looking like suuceeding, that's pretext Russia needs to invade
[10:48] {nathan} and vad ;-)
[10:49] {nathan} didnt read it before
01[10:49] {@Threei}  I just wish there was any sign of reversal
[10:49] {nathan} hope si
[10:49] {nathan} so
[10:50] {ese} heck of a mrkt drop
[10:50] {dino} see that nathan
[10:50] {dino} but got sidetracked, no plays
[10:57] {nathan} watching AIG
01[10:59] {@Threei} Long Setup:  AIG  .50 break
01[10:59] {@Threei}  If holds  .40
01[11:00] {@Threei}  Invalidated
[11:00] {nathan} or short if breaks .40?
01[11:00] {@Threei}  nah'
[11:01] {dino} lol, got lucky. took some ibtx in last hour yesterday at 46.46, just sold 47.61, +1.15
[11:01] {nathan} still valid?
[11:01] {dino} things a bitch to get out of, major hooker
01[11:01] {@Threei}  nah'no
01[11:01] {@Threei}  no
[11:02] {Alexs} if ukrainian troops succeed that's pretext for Russian invasion if they fail that's pretext for peaceful annexation
[11:02] {dino} ngs spike
01[11:02] {@Threei}  exactly Alex
[11:02] {dino} too thin
01[11:02] {@Threei}  that's the position Ukraine is in
01[11:02] {@Threei}  damned if you do, damned if you don't
01[11:03] {@Threei}  either way country is getting ripped apart
01[11:03] {@Threei}  and moral of the story for the rest of the world is, never give up your nukes
[11:04] {dino} exactly
[11:04] {dino} peace thru strength
01[11:04] {@Threei}  the only lasting peace...
[11:08] {Alexs} In Europe only France and Great Britain have nuclear weapons and everybody else don't feel bad
[11:08] {thomcbell}     Friday, May 02, 2014 11:01:57 AM Alibaba.com Ltd Likely to file for IPO on Monday or Tuesday - Recode's Swisher on CNBC - Source TradeTheNews.com
01[11:08] {@Threei}  YHOO shot up
02[11:12] * Disconnected
Session Close: Fri May 02 11:12:42 2014

Session Start: Fri May 02 11:12:42 2014
Session Ident: #discussions
02[11:21] * Attempting to rejoin channel #discussions
03[11:21] * Rejoined channel #discussions
01[11:22] {Threei}  something with connection here
[11:22] {dptl} there you are
01[11:22] {Threei}  lost room and quotes
01[11:22] {Threei}  just now coming back
01[11:24] {Threei} Long Setup:  VXX  .35 break
01[11:24] {Threei}  If holds  .25
01[11:24] {Threei}  aggressive entry for .40
[11:24] {thomcbell} mpel looking for short setup
[11:24] {thomcbell} inverted cup and handle
[11:24] {thomcbell} or cup
[11:25] {dino} ese, lol
01[11:25] {Threei}  this VXX should be a larger trade, not a scalp
[11:25] {dino} calling it a good week, thx all, good luck into close
01[11:25] {Threei}  take care dino, see you Monday
[11:26] {dino} ty
[11:27] {thomcbell} mpel disregard
01[11:29] {Threei}  1:1
01[11:30] {Threei}  grrr... just a scalp
[11:31] {Alexs} not bad currently
01[11:31] {Threei}  really looked like major breakdown in SPY was coming
01[11:36] {Threei}  Interim President Oleksandr Turchynov said the Ukrainian forces' attack on the checkpoints in Sloviansk on May 2 left "many insurgents dead, wounded and arrested."
01[11:38] {Threei}  http://www.kyivpost.com/media/images/2014/05/02/p18muo40fj107i1urmr8an77one4/original.jpg
01[11:38] {Threei}  I am telling you guys... seeing this kind of images from your motherland is beyond surreal
01[11:46] {Threei} Short Setup: GLD  .30 break
01[11:46] {Threei}  If holds  .40
[11:47] {ese} am outta here stoped balnce mack .34 +/-.00  have a great weekend all
01[11:48] {Threei}  take care ese
[11:48] {nathan} have a great wekeend too. see you on monday
01[11:48] {Threei}  you too nathan
[11:48] {nemo} watch 62.10 area for yelp short
[11:50] {nemo} vrsn might be a long above .45 stop under .38  time of day rough
[11:54] {Alexs} are you in GLD Vad?
01[11:54] {Threei}  yes
[11:54] {nemo} well, now vrsn below .35 looks short because holding under .40
01[12:09] {Threei}  half out GLD
01[12:09] {Threei}  stop to .36
01[12:10] {Threei}  1:1
01[12:10] {Threei}  finally
01[12:11] {Threei}  1/4 more out
[12:12] {nemo} vrsn at .20 likely bounce around .16
01[12:19] {Threei}  stop .26
01[12:32] {Threei} Long Setup:  VXX  .15 break
01[12:32] {Threei}  If holds  .05
01[12:47] {Threei}  change to .10 break
01[12:56] {Threei}  not every day you see VXX unable to break 5 cents range
[12:56] {nemo} iwm forming pennant
[12:56] {nemo} right on the weekly pivot
01[13:02] {Threei}  ok
01[13:02] {Threei}  time
01[13:02] {Threei}  let's go VXX
01[13:03] {Threei}  BBc tightened
01[13:03] {Threei}  BBs too
[13:03] {Alexs} CNN too?
01[13:04] {Threei}  lol
01[13:04] {Threei}  before I met you lot, I had no idea bad humor is that contagious
[13:04] {Alexs} lol
01[13:06] {Threei}  that was last headfake, break and run now
01[13:10] {Threei}  half out
01[13:14] {Threei}  1:1
01[13:15] {Threei}  10 cents feel like a real feat, lol
[13:16] {nemo} August trading
[13:17] {Alexs} last August was very good
01[13:17] {Threei}  I don't think it's seasonal
01[13:17] {Threei}  I think it's big indecisiveness
[13:17] {nemo} it's all HFT's fault
01[13:17] {Threei}  but of course.... what isn't
[13:17] {nemo} Global warming too
[13:18] {Alexs} incom inequlity
[13:18] {Alexs} income
01[13:20] {Threei}  stubbed my toe yesterday in the dark... first thought was "damn HFT"
01[13:21] {Threei}  1/4 more out
01[13:23] {Threei}  stop .14
01[13:26] {Threei}  Alex, you read that article?
[13:27] {Alexs} which one?
01[13:28] {Threei}  http://www.themoscowtimes.com/news/article/merkel-says-world-war-horrors-underline-need-for-diplomacy-with-russia/499298.html
01[13:28] {Threei}  stop to .18 meanwhile
01[13:29] {Threei}  1:2
[13:30] {Alexs} what else they can say
01[13:30] {Threei}  well, point is, NATO membeship is not likely to protect Baltic countries very much
[13:30] {Alexs} no idon't see it like that
[13:32] {Alexs} if NATO won't protect their allies it will kill itself
01[13:32] {Threei}  yup
[13:32] {nemo} NATO is the US the rest are pussies
01[13:32] {Threei}  Europe has no guts to fight
01[13:33] {Threei}  and US is not willing to solve Europe problems without Europe participation anymore
01[13:33] {Threei}  they will sanction Russia, one person at a time
01[13:34] {Threei}  7 individuals sanctioned for Crimea... 20 more for Ukraine... 13 for Latvia...
01[13:34] {Threei}  etc
[13:34] {Alexs} Ukraine is not a NATO member, they had 20 years to get there just was to busy stealing others money that's the problem
01[13:34] {Threei}  by the time Russian empire is restored, maybe 300 will be sanctioned
[13:46] {RonS} lnkd set to run the 150.00 stops
01[13:47] {Threei}  closed VXX
[13:47] {thomcbell} UBNT 41 long break if holding 40.90
[13:48] {thomcbell} to nullify my so soon
[13:48] {thomcbell} invalidated
[13:48] {thomcbell} still watching it
01[13:58] {Threei} Long Setup:  TZA  .10 break
01[13:58] {Threei}  If holds  17
[14:02] {nemo} good bounce spot for rig
[14:05] {cosmo} Couldn't individuals on both sides be sanctioned?
[14:05] {cosmo} if that's the right word...
01[14:06] {Threei}  both sides?
[14:06] {RonS} add it as an Olympic event?
[14:06] {cosmo} east/west
01[14:06] {Threei}  meaning, Russia will ban HIllary's daughter from taking courses in Kaluga univercity?
[14:06] {cosmo} exactly  :)
01[14:06] {Threei}  hehe
[14:07] {cosmo} that's how it starts
[14:10] {nemo} this likely bottom in indexes
01[14:18] {Threei}  Security Council holds emergency Ukraine meeting
01[14:20] {Threei}  {Security Council} we might not have another chance as Ukraine is about to disintegrate, so why not, right?
01[14:23] {Threei} Long Setup:  IWM  .25 break
01[14:23] {Threei}  If holds  .15
01[14:24] {Threei}  change to .20 break
01[14:26] {Threei}  Invalidated
01[14:31] {Threei} Long Setup:  IWM  .10 break
01[14:31] {Threei}  If holds  112
[14:36] {thomcbell} nice call on bottom nemo
01[14:36] {Threei}  1:1
[14:40] {nemo} spy needs to hold above .15 or we might not have seen the bottom, but imo they keep it above 188 and gap up Monday to new all time highs
[14:40] {nemo} anybody want the winning megamillions numbers for tonight?
01[14:40] {Threei}  nah, just send me 10%
[14:41] {Alexs} lol
[14:41] {nemo} frickin' copper wire inventors
[14:42] {goinshort} thanks guys -cya
01[14:43] {Threei}  take care gs
[14:43] {nemo} think GS's last name is Blankfein?
[14:44] {Phil} Thanks Vad, have a great weekend guys
[14:47] {RonS} hey nemo, what decade did those "whadya call a man w/ no arms or legs in the/a..." jokes come around?
[14:47] {nemo} don't know, but phil set you off, huh?
[14:48] {RonS} ya:  whadya call a man with no arms or legs in a hole?...
[14:48] {nemo} Phil or doug
[14:49] {RonS} ...in a pool?
[14:49] {nemo} bob
[14:49] {RonS} cna never remember the answer to "hanging on a wall"?
[14:49] {nemo} Art
[14:49] {RonS} ah
[14:50] {RonS} and I always thought that was the funniest...
[14:50] {nemo} Why You Should Never, Ever, Question A Drunk...
[14:50] {nemo} Sally was shopping at the local supermarket where she selected:
[14:50] {nemo} A half-gallon of 2% milk
[14:50] {nemo} A carton of eggs
[14:50] {nemo} A quart of orange juice
[14:50] {nemo} A head of lettuce
[14:50] {nemo} A 2 lb. can of coffee
[14:50] {nemo} A 1 lb. package of bacon
[14:50] {nemo} While she was unloading my items on the conveyor belt to check out, a drunk standing behind her watched as she placed the items in front of the cashier.
[14:50] {nemo} While the cashier was ringing up the purchases, the drunk calmly stated, 'You must be single.'
[14:50] {nemo} She was a bit startled by this proclamation, but  was intrigued by the derelict's intuition, since she indeed had never found Mr. Right.
[14:50] {nemo} She looked at the six items on the belt and saw nothing particularly unusual about the selections that could have tipped off the drunk to her marital status.
[14:51] {nemo} Curiosity getting the better of her she said, 'Yes you are correct. But how on earth did you know that?'
[14:51] {nemo} The drunk replied, 'Cause you're ugly.
[14:51] {dptl} great...now i have to scroll
01[14:52] {Threei}  lol
[14:52] {RonS} whatever year that was, it was a good one...my recollection is that the "coyote love" jokes hit then too...
[14:52] {nemo} oh gawd
[14:54] {nemo} well we got cup and handles if the indexes gonna make vwap runs
01[14:55] {Threei} Long Setup:  AIG  .30 break
01[14:55] {Threei}  If holds  .20
[14:57] {nemo} finnies weak
[15:06] {dptl} have a good weekend all...see ya monday
01[15:06] {Threei}  half out
01[15:06] {Threei}  take care dp
01[15:08] {Threei}  1:1
01[15:08] {Threei}  digging out from morning hole
01[15:08] {Threei}  trade by trade...
[15:08] {nemo} slowly I turned
[15:08] {nemo} inch by inch
[15:08] {nemo} step by step
01[15:09] {Threei}  1:1  MORE  out
01[15:09] {Threei}  hmmm
01[15:09] {Threei}  let me try again
01[15:09] {Threei}  1/4 more out
01[15:09] {Threei}  there
[15:09] {nemo} http://goo.gl/4kojBW
01[15:10] {Threei}  lol
[15:12] {RonS} thanks for aig 3i, good one...have a nice weekend all
01[15:13] {Threei}  have a good one ron
01[15:30] {Threei} Long Setup:  TZA  .20 break
01[15:30] {Threei}  If holds  .20
[15:40] {Alexs} stop .10?
01[15:40] {Threei}  for now
01[15:40] {Threei}  will tighten soon'
01[15:42] {Threei}  .14 now
01[15:45] {Threei}  ok
01[15:45] {Threei}  no means now
01[15:45] {Threei}  thank you all, have a good weekend
01[15:45] {Threei}  see you Monday
[15:48] {thomcbell} gn all