Monday, June 2, 2014

June 02 2014

Catch of the Day - nice DBI breakdown for 1:3. Even more pleasant that it followed the 1:2 long on this same P, from .25 to .45

With 1:2, two 1:3ers and some scalps, very nice day even though activity was low.

Session Time: Mon Jun 02 00:00:00 2014
01[09:08] {@Threei}  - ECB source story stated that rate cut into negative territory issue has been 'settled'
01[09:09] {@Threei}  -(GR) German Fin Min Schaeuble: Possible that "Greece might require further aid, of a limited amount"
01[09:09] {@Threei}  lol
[09:09] {dptl} good morning
01[09:10] {@Threei}  dp :)
01[09:10] {@Threei}  -(UK) PM Cameron: UK may leave the EU if JC Juncker becomes the next president of EC
01[09:10] {@Threei}  hmmm... is it personal?
[09:15] {dino} gm
01[09:15] {@Threei}  dino :)
[09:15] {troub} good morning you all
[09:16] {RonS} hi guys
01[09:17] {@Threei}  troub, ron :)
[09:17] {goinshort} morning all
01[09:18] {@Threei}  gs :)
01[09:18] {@Threei}  fish says hello to everyone
[09:19] {Alexs} gm
01[09:19] {@Threei}  alex :)
01[09:19] {@Threei}  he should swim home over the next few days
[09:26] {nemo} makes you wish you had a spear gun
01[09:31] {@Threei} Long Setup:  IWM  113 break
01[09:31] {@Threei}  If holds  .90
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  FB  .25 break
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  stop .19 if haven't caught exit
01[09:34] {@Threei} Long Setup:  IWM  .90 break
01[09:34] {@Threei}  If holds  .83
01[09:35] {@Threei}  selling isn't done yet
01[09:36] {@Threei} Long Setup:  P  .25 break
01[09:36] {@Threei}  If holds  .18
01[09:42] {@Threei}  1:1
01[09:42] {@Threei}  1:2
01[09:44] {@Threei}  *(US) MAY FINAL MARKIT MANUFACTURING PMI: 56.4 V 56.2E
[09:46] {Alexs} cat long 103?
01[09:47] {@Threei}  SPY us still weak
01[09:47] {@Threei}  is
[09:49] {dino} afsi hl l .55
[09:51] {thomcbell} dino why is it down?
[09:51] {dino} barons article
[09:53] {thomcbell} looks vulnerable
[09:53] {thomcbell} ibd name
01[09:56] {@Threei} Short Setup: P  .32 break
01[09:56] {@Threei}  If holds  .40
[09:56] {dino} stop is set, see what happens
[09:57] {dino} markets feel dead
[09:57] {thomcbell} pva tightening bands here on 1 minute
[09:58] {dino} ll hl l .75
01[09:59] {@Threei}  *(US) APR CONSTRUCTION SPENDING M/M: 0.2% V 0.6%E
01[09:59] {@Threei}  *(US) MAY ISM MANUFACTURING: 53.2 V 55.5E; PRICES PAID: 60.0 V 57.0E
01[10:01] {@Threei}  weather wasn't an issue in Apr mostly, right?
01[10:03] {@Threei} Long Setup:  FB  .70 break
01[10:03] {@Threei}  If holds  .62
01[10:04] {@Threei}  Invalidated
01[10:04] {@Threei}  half out P
[10:04] {dino} april was tough east coast
01[10:04] {@Threei}  stop .36
01[10:05] {@Threei}  1:1
01[10:06] {@Threei}  1:2
01[10:06] {@Threei}  P works on both sides for us today
01[10:07] {@Threei}  1:3
[10:09] {dino} gj
01[10:09] {@Threei}  ty
[10:15] {dino} out afsi .80, +.25
01[10:20] {@Threei}  ese, look dcc please
01[10:24] {@Threei} Short Setup: CAT  .50 break
01[10:24] {@Threei}  If holds  .60
01[10:26] {@Threei}  Invalidated
[10:32] {dino} fldm hl l .78
[10:39] {Alexs} MCD short .20?
[10:39] {dino} data smr l .00
01[10:39] {@Threei}  can't tell
01[10:40] {@Threei}  .25 break is just as valid
[10:40] {Alexs} ok thanks
[10:48] {dptl} is there still issues with nonko execution? ..anyone?
[10:48] {nemo} not here
[10:48] {thomcbell} no problem on my end today
[10:48] {dptl} ok ty
01[10:55] {@Threei}  - As expected, President Obama unveiled proposals to slash carbon emissions for existing power plants. The president promised to use his executive authority propose new EPA rules that would cut carbon emissions from the country's coal fired plants by up to 30% by 2030
01[10:55] {@Threei}  The new rule is expected to be final next year, setting the first national limits on CO2 and bypassing Congress. The proposal would give states some flexibility in meeting the targets.
01[10:56] {@Threei} Long Setup:  BRCM  .40 break
01[10:56] {@Threei}  If holds  .30
01[10:58] {@Threei}  1:1
[10:59] {dino} out ll .15, +.40
01[10:59] {@Threei}  wtg
[11:00] {dino} ty
[11:06] {dino} data to .55
[11:06] {dino} to .60
01[11:06] {@Threei}  1:2
[11:07] {dino} to .65
[11:08] {dino} to .70
[11:08] {dino} oyt .70 data, +.70
[11:08] {dino} out
[11:10] {troub} good one dino
[11:11] {dino} ty
[11:14] {thomcbell} very nice on brcm vad
01[11:15] {@Threei}  ty
01[11:15] {@Threei}  one of those... blast from the past
[11:16] {dino} momo pain again, panw, scty, feye, yy, yelp
01[11:17] {@Threei}  Russia to take measures if NATO militarians come closer to its borders
01[11:17] {@Threei}  well, YELP was kind of created for pain
[11:17] {RonS} lol
01[11:18] {@Threei}  1:3
01[11:18] {@Threei}  out
01[11:19] {@Threei}  ese, you here?
01[11:19] {@Threei}  or in picket line?
[11:21] {dino} lol
[11:22] {dino} out fldm .02, +.24
[11:26] {Alexs} IWM .20 long?
01[11:26] {@Threei}  I think we are in shakeoit time
01[11:26] {@Threei}  would rather hunt for pullback entry
[12:05] {troub} .
[12:09] {RonS} ual uh...flying
01[12:10] {@Threei}  lol
01[12:12] {@Threei}  eBay Inc Launches StubHub Music social network - PandodailyUnlike Facebook, or even the new music-focused MySpace, StubHub is seemingly well positioned to build out a music focused social network. Given its current offering and its close relationship with sister eBay-subsidiary PayPal StubHub has the ability to close the transaction loop like few others. This means the company wont need to rely on modest-by-comparison advertising revenue to justify its social ambitions. In this way, its actually closer to Apples ill-fated Ping platform launched alongside the iTunes store but hopefully with better results.
[12:14] {RonS} whoever wrote that needs to be shot...or at least taught what succinct means
[12:14] {dino} lol
[12:15] {RonS} so, the country that believes in reincarnation has a culture of rape?...what the heck are they thinking?
01[12:16] {@Threei}  trying to test the theory?
[12:17] {nemo} ISM corrected again
01[12:18] {@Threei}  (EU) ECB's Nowoty: A big reason why inflation is low is due to lower oil prices; seeing supply side and demand side impacts on inflation
01[12:18] {@Threei}  oh goodie... now they'll decide to push them higher to reach their inflation target
01[12:19] {@Threei}  but what else do you expect from the bunch of imbeciles who solve their financial crisis by inclusion drug trade and prostitution in GDP
01[12:21] {@Threei} Short Setup: DAL  .60 break
01[12:21] {@Threei}  If holds  .65
[12:22] {nemo} see the high at .70 back on the 20th?
[12:22] {nemo} 28th
01[12:43] {@Threei}  okm this should surely help:
01[12:43] {@Threei}  GR) Greece Govt cabinet said to be rearranged; Finance Minister may be replaced as part of shuffle
01[12:43] {@Threei}  right?
[13:09] {dino} .
[13:09] {RonS} -
[13:09] {dino} more like zzzzzzzzzzzzz
[13:26] {dino} feye hl l .01
[13:36] {nemo} pnc
01[13:41] {@Threei}  wow
[13:41] {Alexs} wow DAL is moving
01[13:41] {@Threei}  DAL might work today, yes - TODAY
[13:41] {Alexs} lol
[13:44] {Alexs} not bad
[13:52] {dino} feye stopped .84 -.17
[13:56] {dino} tgaro drop
[13:56] {dino} taro
[13:57] {dino} partial fill l .60 hooker
[14:01] {dptl} leaving early.....see ya tomorrow all
[14:04] {dino} cya
01[14:04] {@Threei}  take care dp
01[14:47] {@Threei} Long Setup:  GLD  .70 break
01[14:47] {@Threei}  If holds  .60
01[14:50] {@Threei}  so, we have heard these folks crying about low inflation, right?
01[14:50] {@Threei}  World Bank: World-traded food prices rose 4.0% in Q1; First rise since all-time highs in Aug of 2012 - press (update)- Wheat and maize price gains led, rising 18% and 12% respectively.
01[14:50] {@Threei}  what the hell do they want, 25% rise?
[14:52] {Alexs} yeah I don't udersatnd when they say there is no inflation
01[14:54] {@Threei}  because they shaped up the indicators without important components
01[14:54] {@Threei}  or becayse they lie
01[14:54] {@Threei}  or both
01[14:55] {@Threei}  but what else do you expect from the bunch of delinquents that run the whole thing
01[14:56] {@Threei}  I am truly amazed by sheer incompetence, mind-boggling hypocrisy and open lies
01[14:56] {@Threei}  ese... are you here finally?
01[14:58] {@Threei}  Apple Inc Announces new programming language called SWIFT, can run code and produces results in real time
[14:59] {Alexs} looks like investors are not amazed
01[15:00] {@Threei}  investors are deeply confused, and I can't blame them
01[15:00] {@Threei}  Google bulids cars
[15:00] {Alexs} lol
01[15:00] {@Threei}  Amazon buuilds tablets
01[15:00] {@Threei}  Apple creates programming languages
01[15:00] {@Threei}  Ebay sells music
01[15:01] {@Threei}  the day CAT starts breeding butterflies, I retire to a monastery
01[15:02] {@Threei}  what, no bites? CAT? Caterpillar? Butterflies?
01[15:02] {@Threei}  sigh... and I thought it was so clever
[15:02] {Alexs} lol I think it will be most profitable times though
[15:03] {dino} lol
01[15:03] {@Threei}  Alex, don't interrupt my deep sorrow... I mourn my delusion of my own cleverness
06[15:04] * @Threei shows GLD a weapon he is going to use on it if it doesn't go up right now:
[15:06] {Alexs} are those guys from Donetsk?
01[15:06] {@Threei}  yup
01[15:07] {@Threei}  saw the image and remembered our old joke about 2x4 with rusty nails
[15:07] {Alexs} lol
01[15:19] {@Threei}  good masquerading job nemo!
01[15:20] {@Threei}  BC Coroners Service confirms the skull found in a shed in Esquimalt last month is historical, not the result of a recent death.
01[15:20] {@Threei}  thanks for helping me with that body, your skull-aging process does work
[15:28] {nemo} I'm a professional
01[15:29] {@Threei} Short Setup: IWM  .15 break
01[15:29] {@Threei}  If holds  .25
01[15:32] {@Threei}  Invalidated
[15:34] {nemo} mmmhh shorting at 3:30 of late has not been particularly a good idea
01[15:35] {@Threei}  interestingly enough, with low activity the day is nonetheless nicely profitable
[15:36] {Alexs} we can change it quickly
[15:38] {dino} npsp odd
[15:40] {dino} hl l .08
[15:42] {dino} out npsp .42, +.34
01[15:42] {@Threei}  wtg
[15:43] {dino} ty
01[15:43] {@Threei}  GLD stop to .66
01[15:44] {@Threei}  1:1
01[15:45] {@Threei}  those rusty nails work after all
[15:45] {dino} isn't that a drink?
01[15:47] {@Threei}  that too
01[15:47] {@Threei}  imagine this in one hand and a drink with the same name in another
01[15:55] {@Threei}  thank you all
01[15:55] {@Threei}  have a good evening, see you tomorrow
[15:55] {cosmo} are they collecting the rent?
01[15:56] {@Threei}  who?
[15:56] {cosmo} the guy at the door
01[15:57] {@Threei}  rather get rid of squatters
[16:00] {dino} gn all