Monday, May 19, 2014

May 19 2014

Very quiet low volume, mostly spent in a tight range. We got quite a few scalps, decent 1:3 on IWM and took couple small stops. All in all, honest day's work.

Session Time: Mon May 19 00:00:00 2014
[08:55] {dino} gm
01[08:55] {@Threei}  dino :)
[09:02] {RonS} howdy gents
01[09:02] {@Threei}  ron :)
[09:03] {goinshort} good morning
01[09:04] {@Threei}  gs :)
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:15] {dptl} good morning
01[09:15] {@Threei}  dp :)
[09:21] {RonS} Egyptian maker of Twinkies said to consider IPO
01[09:21] {@Threei}  finally
[09:21] {RonS} lol
01[09:22] {@Threei}  AT&T announced it would buy DirecTV for $95/shr in stock and cash in a deal valued at $67.1B.
01[09:22] {@Threei}  Pfizer announced it is raising the cash component in its $117B bid for AstraZeneca to £55/shr (or 45% from 33% in the initial offer)
01[09:23] {@Threei}  The blockbuster announcements are dwarfing a $1B acquisition of a video game streaming site Twitch by Google. An update on the GE-Siemens bidding war for Alstom may enter a new phase as early as this week, with Siemens reportedly preparing a formal offer to counter GE.
[09:24] {RonS} wwe off the mat
01[09:24] {@Threei}  hehe
[09:26] {RonS} cpb watered down
[09:27] {Alexs} good morning
[09:27] {dino} gap 40.94 area
[09:27] {dino} cpb
01[09:27] {@Threei}  alex :)
01[09:28] {@Threei}  alex, fair warning - thread carefully... nemo learned couple new words
[09:28] {Alexs} lol
[09:28] {RonS} db 25% dilution by my calculation
[09:31] {dino} $10 about
01[09:31] {@Threei} Long Setup:  FB  .60 break hl
01[09:31] {@Threei}  too fast...
[09:32] {dino} ryaay?
01[09:32] {@Threei}  Ryanair Holdings plc Reports FY14 Net €523M v €515Me, Rev €5.04B v €5.01Be - Guides initial FY15 Net €580-620M v €634Me - Guides FY14 average fares +2% y/y, traffic 84.6M passengers (+4% y/y), load factor 85% (+2% y/y) - Plans €500M special dividend in Q4 FY15 subject to AGM approval
01[09:33] {@Threei}  Comments: - While disappointing that profits fell 8% to €523m due mainly to a 4% decline in fares, weaker sterling, and higher fuel costs, we reacted quickly to this weaker environment last September by lowering fares and improving our customer experience which caused H2 traffic to grow 4% as load factors rose 1%. Ancillary revenues grew 17%, much faster than traffic growth, and now accounts for 25% of total revenues.
01[09:33] {@Threei}  ugh FB... 1:3
[09:33] {dino} ty
01[09:35] {@Threei} Long Setup:  GLD  .30 break
01[09:35] {@Threei}  If holds  .24
[09:38] {nemo} esrx
01[09:39] {@Threei} Short Setup: JPM  .20 break
01[09:39] {@Threei}  If holds  .26
[09:40] {dino} door smr l ave .30 hooker
01[09:41] {@Threei}  Invalidated  JPM
[09:43] {Alexs} if GLD stop it could be  a short entry?
01[09:44] {@Threei}  can't tell
01[09:45] {@Threei} Long Setup:  TZA  .45 break
01[09:46] {@Threei}  sorry
01[09:46] {@Threei}  .90 break
01[09:46] {@Threei}  If holds  .84
01[09:50] {@Threei} Long Setup:  TZA  .85 break
01[09:50] {@Threei}  If holds  .80
01[09:50] {@Threei}  half out GLD
01[09:50] {@Threei}  stop .29
[09:54] {dino} wwe l .65
01[09:57] {@Threei}  did TZA hit 1:1 or was it out of bounds print?
01[09:57] {@Threei}  got distracted
[09:58] {Alexs} it did
01[09:58] {@Threei}  k, ty
01[09:58] {@Threei}  1:1
01[09:58] {@Threei}  lol
[10:05] {RonS} lock broken
01[10:05] {@Threei} Long Setup:  DAL  .40 break
01[10:05] {@Threei}  If holds  .30
[10:06] {dino} rax hl s .76
01[10:08] {@Threei}  half out
01[10:08] {@Threei}  stop .39
01[10:14] {@Threei} Long Setup:  IWM  .15 break
01[10:14] {@Threei}  If holds  .05
01[10:15] {@Threei}  1:1
01[10:16] {@Threei}  1:2
01[10:17] {@Threei}  1:3
01[10:17] {@Threei}  out'
[10:17] {nemo} going to 1110
[10:17] {nemo} 111
[10:17] {nemo} 200 day
01[10:20] {@Threei}  1:4
[10:24] {dino} gj
01[10:25] {@Threei}  ty
[10:26] {goinshort} ty-V!
01[10:27] {@Threei}  yw :)
01[10:33] {@Threei}  so... 4 trades, 4 wins... and 1 got away by triggering too fast
01[10:33] {@Threei}  can I go home?
01[10:36] {@Threei}  don't answer all at once
01[10:38] {@Threei} Short Setup: SLW  .40 break
01[10:38] {@Threei}  If holds  .45
01[10:39] {@Threei}  just a scalp most likely
01[10:43] {@Threei}  things slowed down
01[10:49] {@Threei}  Current leaders of 'Donetsk People's Republic' see main task in preparing for Sept 14 parliamentary elections
01[10:50] {@Threei}  I say boys are losing their touch... referendum is being organized in two weeks, but they need whole 4 months for the elections?
[11:00] {thomcbell} there is ibm for data making rounds apparently dino nemo
[11:00] {thomcbell} splk is the comp
[11:02] {RonS} data ibm rumors been going for months thom
01[11:05] {@Threei}  Switzerland rejects highest living wage in the world in popular vote
01[11:06] {@Threei}  wide margin too, 76.3 percent opposed
01[11:06] {@Threei}  meh SLW
[11:12] {nemo} iwm back above the 200 day
[11:13] {RonS} wwe smackdown
[11:18] {_jaredt} great call earlier IWM - Threei, Nemo
01[11:18] {@Threei}  hi jared, thanks
[11:18] {nemo} one of my daily "broken clock" moments
01[11:19] {@Threei}  welcome to the jungle
[11:19] {nemo} now I hear Ian Anderson in my head
01[11:24] {@Threei}  - The Department of Justice said it was planning to bring criminal charges against China's military for cyberspying and economic espionage, setting a real precedent for international relations
[11:34] {dino} wwe drop
[11:34] {nemo} body slammed
[11:35] {RonS} hearing they had conferance call and evryone got disconnected...
[11:35] {nemo} not paying the phone bill
01[11:35] {@Threei}  World Wrestling Entertainment Inc CEO: We were a little bit disappointed in the NBCU deal we got, it was not exactly what we wanted but it is still a good deal - conf call- We see significant growth for the core business moving forward, feel very strong about our business model. -
[11:36] {nemo} lumpen cash flow down
[11:40] {thomcbell} spwr 32.28 short braek if holding 32.38
[11:40] {thomcbell} half lot for me
[11:49] {thomcbell} spwr no go
01[11:51] {@Threei} Short Setup: CAT  .10 break hl
01[11:51] {@Threei}  If holds  .20
[11:59] {dino} wwe l .10
[12:05] {goinshort} I'm still liking CAT setup
01[12:05] {@Threei}  so am I
01[12:05] {@Threei}  with SPY being glued to this range, difficult to count on effective break
01[12:06] {@Threei}  but hopefully gravity decides to prove it exists
[12:06] {goinshort} agreed
01[12:07] {@Threei}  nah, invalidated
[12:18] {dino} cov rax .59, +.16
[12:19] {RonS} a cup?
01[12:21] {@Threei}  (US) Fed's Fisher (FOMC voter, hawk): Congress has its foot on the breaks of the US economy even as the Fed has its foot on the gas - comments in Dallas- Sees Congress as biggest obstacle to better US growth.
01[12:22] {@Threei}  and with this thought he hopes to win a title of a smart man?
01[12:30] {@Threei}  I know it's annoying... but CAT is valid again
01[12:33] {@Threei}  my brain must still be in a weekend mode... why didn't we try aggressive at .20
01[12:34] {@Threei}  1:1
[12:34] {goinshort} missed it
01[12:34] {@Threei}  ugh
[12:40] {dino} wwe stop -.15
[12:49] {dino} crto spike
01[13:13] {@Threei}  clown time:
01[13:13] {@Threei}  Vice President Joe Biden's visit to Romania and Cyprus aims to reassure European allies of the U.S. commitment to the region in the face of Russia's role in the crisis in Ukraine
[13:14] {RonS} cyprus wtf?
01[13:14] {@Threei}  I was thinking the same, but then I saw Baltic countries in the visit schedule, and understood: he will need some sun time after cloudy climes
01[13:16] {@Threei}  you see, one of his life aspirations is to achieve the Boehner's tan
01[13:16] {@Threei}  matter of sheer envy of the entire WH and Congress
01[13:17] {@Threei}  In Cyprus, Biden will seek to strengthen Cypriot commitment to EU sanctions against Russia even though those measures could weigh heavily on Cyprus.
[13:18] {Alexs} nice
01[13:18] {@Threei}  Cyprus is Russia's favorite offshore banking center
[13:19] {Alexs} Cyprus will be happy
01[13:19] {@Threei}  Cyprus is among EU countries that have expressed reluctance to impose further sanctions on Moscow.
[13:19] {Alexs} lol
[13:20] {RonS} they're worried russia will invade to get their money...
01[13:20] {@Threei}  Biden, better pull your son out of the scandalous post in Ukraine energy company
01[13:20] {@Threei}  unbelieavable how tone deaf these guys are
01[13:21] {@Threei}  anyway, meeting with art for you while market is quiet
01[13:21] {@Threei}
06[13:22] * @Threei slaps nemo around a bit with a beautiful photo of Victoria shores
[13:30] {Alexs} Wolf of Wall Street Belfort Is Aiming for $100 Million Pay
[13:35] {dino} funny movie, too bad based on truth
[13:47] {dino} dish spike
01[13:48] {@Threei}  US) Former Fed Chair Bernanke: Monetary policy was successful in avoiding deflation - comments in Dallas- Fed balance sheet could be maintained at a large size if deemed necessary, there is no need to shrink the balance sheet as the Fed normalizes its policy
01[13:48] {@Threei}  told you... clown time
01[14:25] {@Threei}  watching IWM for pullback entry
01[14:33] {@Threei} Long Setup:  IWM  .40 break
01[14:33] {@Threei}  If holds  .30
01[14:34] {@Threei}  .50 break buyers got punished for their inappropriate optimism
01[14:34] {@Threei}  let's see if it's time to make them really bitter
01[14:37] {@Threei}  half out
01[14:38] {@Threei}  stop to .35
01[14:41] {@Threei}  LOL... "I came to workplace to work, not to answer stupid questions about why I am sleeping here drunk!"
01[14:44] {@Threei}  stop to .39 now
01[14:47] {@Threei}  1:1
01[14:47] {@Threei}  now premature .50 buyers are bitter
01[14:47] {@Threei}  and reenter
01[14:47] {@Threei}  to push it higher for us
01[14:47] {@Threei}  DKTK is still a king
01[15:23] {@Threei} Long Setup:  GLD  .55 break
01[15:23] {@Threei}  If holds  .50
[15:31] {dptl} see ya tomorrow all
[15:31] {RonS} cya dp
01[15:31] {@Threei}  take care dp
01[15:34] {@Threei}  market's ramping up into eod
01[15:39] {@Threei}  meh
01[15:47] {@Threei}  OK guys, very quiet but decent day
01[15:48] {@Threei}  have a good evening, see you tomorrow
[15:48] {goinshort} thanks V !
01[15:48] {@Threei}  :)
[15:48] {_jaredt} ty
01[15:48] {@Threei}  yw jared