Thursday, June 12, 2014

June 12 2014

Back and forth day, trading jabs. A few very nice trades but a few too many stops. Ending around flat to slightly negative.

Session Time: Thu Jun 12 00:00:01 2014
[09:00] {dino} gm 3i
01[09:01] {@Threei}  morning dino
01[09:01] {@Threei}  day actualy brought couple decent trades after you left :)
[09:01] {dino} yesterday afternoon dull?
[09:01] {dino} ahh
01[09:02] {@Threei}  and Iraq situation starts impacting market
[09:04] {dino} yes, obummer should be proud of letting that go to hell
01[09:10] {@Threei}  LULU hit
01[09:10] {@Threei}  ummmm... squeezed?
[09:10] {RonS} gm...doing the downward dog?
01[09:10] {@Threei}  lol
01[09:10] {@Threei}  ron
01[09:11] {@Threei}  Amazon.com Inc Confirms launch of streaming music service called Prime Music (update)- has Over 1M Songs, Hundreds Of Playlists, Unlimited Listening, No Ads, Free With Amazon Prime
[09:11] {Alexs} gm
01[09:11] {@Threei}  alex :)
01[09:12] {@Threei}  summer of recovery:
01[09:12] {@Threei}  *(US) INITIAL JOBLESS CLAIMS: 317K V 310KE; CONTINUING CLAIMS: 2.614M V 2.61ME- 4-week avg claims: 315.3K v 310.25K prior - Prior Initial Jobless Claims revised higher from 312K to 313K
01[09:12] {@Threei}  can't wait for the fall of discontent...
01[09:13] {@Threei}  oil tests 9 months resistance
01[09:13] {@Threei}  Facebook Will soon let you control the ads you see with new ad preferences feature - Cnet
01[09:13] {@Threei}  will there be option "none?"
01[09:15] {@Threei}  Three Russian tanks cross Ukraine's border, fight ongoing with Ukrainian security forces near Snizhne
[09:16] {troub} good morning you all
01[09:17] {@Threei}  troub :)
[09:30] {nemo} anybody here?
01[09:30] {@Threei}  no
[09:30] {nemo} great...be nice and quiet today
01[09:32] {@Threei} Short Setup: IWM  .75 break
01[09:32] {@Threei}  If holds  .85
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:33] {Alexs} did you gaet it?
01[09:33] {@Threei}  yes
01[09:35] {@Threei}  1:3
01[09:39] {@Threei} Long Setup:  IWM  .25 break
01[09:39] {@Threei}  If holds  .15
01[09:40] {@Threei}  fingertips
01[09:40] {@Threei}  1:1
01[09:41] {@Threei}  nice bounce LULU
01[09:43] {@Threei}  1:2
01[09:43] {@Threei}  out
01[09:44] {@Threei}  Ukraine Govt: Russia failed to stop a rebel convoy from crossing the Ukraine border today, allowed armored vehicles, including tanks, to cross from Russia into Ukraine
01[09:44] {@Threei}  (IQ) Reportedly Iraq air force attacked and destroyed an ISIS convoy north of Bagdad - press- Iraq government is now accepting volunteers for the security services to help fight ISIS
01[09:44] {@Threei}  market comlacency might end abruptly
[09:46] {nemo} death, destruction, anarchy, BOHICA!!!!
[09:48] {goinshort} morning all!
01[09:48] {@Threei}  gs :)
[09:49] {dino} lulu smr l .03
[09:49] {dino} srty hl l .99 stop .73
01[09:52] {@Threei} Long Setup:  LULU  .90 break hl
01[09:52] {@Threei}  If holds  .80
01[09:54] {@Threei}  meh
[09:55] {dino} feels like bull trap
[09:56] {nemo} numbers at 10
[09:56] {dptl} good morning
[09:56] {nemo} merely an opinion
[09:58] {dino} lulu stop .74, -.29
[09:58] {nemo} the fad is over
01[09:58] {@Threei}  dp :)
[09:58] {nemo} fat people in sheer yoga clothing
[09:58] {dino} picture that
[09:58] {nemo} reminds me of Muenchen's Englische Garten in the Summer
[09:59] {nemo} There are alot of people you don't want to see naked
[09:59] {nemo} There are alot of people you don't want to see in yoga clothing
01[09:59] {@Threei}  well, company founder said much less, and lost his position :)
[09:59] {nemo} it's a Canadian company, what do you expect
[10:00] {dino} eh
[10:00] {nemo} o.k. Garth
[10:01] {dino} hmmm, world blowing up and markets don't care
[10:01] {nemo} parts of the world that don't matter...
[10:01] {nemo} besides...you nuke Iraq, we can drill through the glass
[10:01] {dino} srty stop -.22
01[10:03] {@Threei}  *(US) APR BUSINESS INVENTORIES: 0.6% V 0.4%E
[10:04] {dino} uwm hl l .60
01[10:07] {@Threei} Long Setup:  LULU  .70 break
01[10:07] {@Threei}  hl
01[10:07] {@Threei}  If holds  .60
01[10:08] {@Threei}  no
01[10:08] {@Threei}  leaving this one alone for now
01[10:10] {@Threei}  Four Russian strategic bombers triggered U.S. air defense systems while conducting practice bombing runs near Alaska this week, with two of the Tu-95 Bear H aircraft coming within 50 miles of the California coast, the North American Aerospace Defense Command confirmed on June 11.
01[10:13] {@Threei} Long Setup:  IWM  .80 break
01[10:13] {@Threei}  If holds  .70
01[10:13] {@Threei}  Invalidated
01[10:14] {@Threei} Short Setup: CAT  .70 break
[10:14] {Alexs} wow spread
01[10:15] {@Threei}  too fast... 1:1 if you got it
[10:15] {nemo} yeah
[10:15] {dino} wm stop .40 -.20
01[10:19] {@Threei} Long Setup:  IWM  .70 break
01[10:19] {@Threei}  If holds  .60
01[10:25] {@Threei}  no go
[10:25] {dino} twm l .50 stop lod
01[10:25] {@Threei}  I liked first two trades of the day much more
01[10:26] {@Threei} Short Setup: TWTR  .80 break
01[10:27] {@Threei}  If holds  .90
01[10:28] {@Threei}  1:1
[10:38] {dino} twm to .70
[10:39] {dino} out twm .75, +.25
[10:42] {nemo} indexes coming into bounce teritory
01[10:42] {@Threei} Long Setup:  FB  .50 break
01[10:42] {@Threei}  If holds  .40
[10:43] {RonS} Japan dispatched fighter jets to pursue Chinese aircraft a record 415 times in the first quarter
[10:44] {dino} lulu l .59
01[10:44] {@Threei}  trail to .44
[10:45] {nemo} longs gonna be hard, lotta' heavyweights red on the algo
01[10:45] {@Threei}  1:1
[10:46] {dino} lulu stop .49 -.10
01[10:46] {@Threei}  BC teachers voted in favor of full strike
01[10:46] {@Threei}  2 weeks before final exams
01[10:46] {@Threei}  ese's drinking I guess
[10:47] {Alexs} lol
[10:47] {dptl} lol yep
[10:48] {Alexs} is ese really so left or you're just kidding?
[10:49] {dino} the only right in ese is his capitalistic trading
01[10:49] {@Threei}  half kidding
[10:49] {dino} ditto
01[10:49] {@Threei}  unionized teacher AND musician - imagine his surroundings
[10:52] {dino} jmei sm l .81
01[10:53] {@Threei}  demanding 20+% salary increase, masked under "class sizes, blah blah"
01[10:53] {@Threei}  average teacher salary 75K/year; average HOUSEHOLD income 76K
[10:54] {dino} lulu rinsed again
[10:55] {dino} asking for 15k raises, wow
01[10:55] {@Threei}  with this great reasoning: we haven't had a raise in years
[10:55] {dino} jmei stop .70 -.11
01[10:55] {@Threei}  guess what, neither did taxpayers
[10:56] {RonS} teachers here get 2% of salary per yr put towards pension
[10:56] {Alexs} lol
[10:56] {dino} let them strike, then fire them all, hire new at 50k/year
01[10:56] {@Threei}  I am not even speaking about those fantastic 2-month long vacation
[10:56] {RonS} they had a buy credit program
[10:57] {RonS} know a 7th grade algebra teacher...retired at 60 w/ 100% salary $80k/yr...her mother is still living at 95...
[10:58] {dino} and they wonder why govt is broke
[10:59] {dino} just had a pa state trooper ritre (my neighbor), 25 years in, retired at 46. 6k/month + medical for life. thats a long time to pay
[10:59] {dino} retire
[11:00] {dino} actuary tables have him living to 76, or 30 years of pension/medicalso 2,160,000 in pension pmts, plus med. yeah...thats sustainable
01[11:01] {@Threei} Long Setup:  IWM  .50 break
01[11:01] {@Threei}  If holds  .40
[11:03] {dino} jmei l .62, gappy
[11:05] {RonS} w/ jmei being a retailer do you think they pronounce it jewme?
01[11:05] {@Threei}  1:1
01[11:06] {@Threei}  lol
[11:06] {RonS} have a right to say that since i worked for a jewish merchant...
[11:06] {RonS} story about customer complaing about getting jewed...
[11:07] {RonS} ...salesman say to owner...that guy's an asshole for saying that
01[11:07] {@Threei}  have a right to laugh at that since I am one
[11:08] {RonS} owner says "remember, that guy may be an asshole, but he's our asshole"
01[11:09] {@Threei}  1:2
01[11:10] {@Threei} Long Setup:  FB  .65 break
01[11:10] {@Threei}  If holds  .60
01[11:12] {@Threei}  1:1
01[11:12] {@Threei}  beauty of aggressive entries
01[11:12] {@Threei}  1:3  IWM
[11:12] {dino} gj
01[11:12] {@Threei}  out
01[11:13] {@Threei}  ty
[11:18] {dino} out jmei .94, +.32
01[11:19] {@Threei}  wtg
[11:22] {dptl} vlo .40 break short may be
01[11:24] {@Threei} Short Setup: TWTR  37 break
01[11:24] {@Threei}  If holds  .10
[11:27] {Alexs} TWTR was DKTK?
01[11:28] {@Threei}  a call?
01[11:28] {@Threei}  or action?
[11:28] {Alexs} action
01[11:28] {@Threei}  kind of... pretty much depended on SPY which suddenly jumped
[11:38] {dptl} half out vlo
[11:42] {dptl} out
[11:56] {dptl} wfm .40 break short may be
01[11:57] {@Threei} Long Setup:  TWTR  .20 break
01[11:57] {@Threei}  If holds  .10
[12:09] {Alexs} aapl short .10?
01[12:12] {@Threei}  ummm
01[12:12] {@Threei}  yes
[12:12] {Alexs} lol
01[12:12] {@Threei}  :)
01[12:18] {@Threei}  The American warship USS Nimitz will arrive in Victoria tomorrow.
01[12:18] {@Threei}  uh oh
01[12:18] {@Threei}  what did we do
01[12:19] {@Threei}  Alex got so interested in our natural beauty and availability of wild salmon that military went to check it out?
[12:20] {Alexs} don't worry it's an old rusty tub
01[12:20] {@Threei}  uhhu
01[12:20] {@Threei}  https://scontent-b-sea.xx.fbcdn.net/hphotos-xap1/t1.0-9/10169378_840223336006884_5931839409425250404_n.jpg
01[12:21] {@Threei}  that's a lot of rust...
[12:22] {Alexs} was lunched in '75
[12:23] {Alexs} launched too
01[12:23] {@Threei}  Egypt pyramids were launched slightly earlier than that... and are still functional
[12:23] {RonS} lol
[12:24] {Alexs} TWTR is freakin' kidder today
01[12:24] {@Threei}  yeah, not cooperating
01[12:26] {@Threei}  one of major Victoria FB pages that normally just reports events, not comments on them, suddenly spoke on teachers: https://www.facebook.com/ilovedowntownvictoria/posts/801203636565977
[12:29] {Alexs} actually teachers are doing right thing, if they can get a raise why the shouldn't?
01[12:29] {@Threei}  if I can get a gun and go rob a bank, why shouldn't I?
[12:34] {troub} cause down here someone will standing in line will pull a gun and shoot your rear end off--for breaking in line.
[12:34] {Alexs} it's a free country you can try...
[12:35] {dino} problem alexs is the raises are given by school, which is paid for by taxpayers without consent
01[12:35] {@Threei}  yes, so as teachers decided that they can go ahead and strike, givernment announced lockout
01[12:35] {@Threei}  which is a good equivalent of someone with a gun in a lineup :)
01[12:36] {@Threei}  exactly dino... how about going directly to taxpayers and asking for a raise
01[12:36] {@Threei}  answer will be unequivocal
01[12:36] {@Threei}  but blackmailing government is somehow OK
01[12:37] {@Threei}  using students as hostages
01[12:37] {@Threei}  and now new shot's fired:
01[12:37] {@Threei}  BREAKING: The BC Labour Relations Board has ruled this morning that teachers must administer final exams to all students in grades 10 through 12, and submit final marks by June 20th.
[12:39] {Alexs} if I were taecher I would fight for my salary by all available means, no doubt
01[12:40] {@Threei}  well, claiming that you fight for childrens' education and going on strik two weeks before finals reeks of hypocrisy
[12:41] {dino} or extortion
01[12:41] {@Threei}  and demanding a raise just bvecause you can strike? if that's right thing to do, why anyone works at all?
[12:41] {dptl} vlo may be .40 break short again
[12:41] {Alexs} otherwise nobody would care
01[12:42] {@Threei}  so when your local fireman goes on strike right after the call...?
[12:43] {Alexs} I think that fire services must be private
[12:43] {Alexs} then there will be no strikes
01[12:43] {@Threei}  must be and are are different things
01[12:44] {@Threei}  education m,ight be private too
01[12:44] {@Threei}  then there wouldn't be any strikes?
01[12:44] {@Threei}  perople working for private businesses strike as well
01[12:45] {@Threei} Long Setup:  IWM  .70 break
01[12:45] {@Threei}  If holds  .60
01[12:51] {@Threei}  Invalidated
01[12:53] {@Threei}  (IQ) President Obama: US is looking at all options to deal with situation in Iraq, we have a vested interest in preventing islamists from gaining a foothold in Iraq- There are short-term military options that may need to be undertaken. - Reiterates that the US is prepared to take military action when its key national security interests are under threat. - Would like to see a robust regional approach to Iraq situation. - Iraq is currently in an emergency situation. - Cannot play 'whack a mole' and send troops in every time insurgents raise their heads in the middle east
01[12:54] {@Threei}  how's this for the irony of the highest caliber:
01[12:54] {@Threei}  - Follow up: Iran reportedly now sending some military forces to help fight ISIS in Iraq; have placed forces near Baghdad and other cities
[12:54] {RonS} translation:  I lost Iraq and intend to keep it that way...
01[12:55] {@Threei}  (RU) EU's Barosso: Russia President Putin assured me that the Kremlin will not punish Georgia for signing EU association agreement. And yes, I am an imbecile.
[12:55] {Alexs} lol
01[12:56] {@Threei}  folks... I know what West needs to do to turn around all these situations in the world
01[12:56] {@Threei}  Buy Putin from Russia and let him handle all this
[12:56] {dino} wow, iran will be running iraq soon
01[12:56] {@Threei}  if he is an effective sob, let him be our effective sob
01[12:56] {@Threei}  exactly dino
01[12:58] {@Threei}  imagine tactician of his expertise in place of all these incompetent obamas and barossos
01[12:58] {@Threei}  TSLA Confirms opening of patents to other companies; assures will not initiate patent lawsuits against companies seeking to use the patents in good faith
[12:58] {RonS} if Iraq goes Saudi Arabia will be next, and then Israel...the domino theory resurrected...
[12:59] {nemo} nuke them until they glow, shoot them in the dark, drill through the glass
01[13:02] {@Threei} Long Setup:  IWM  .40 break
01[13:03] {@Threei}  If holds  .35
01[13:03] {@Threei}  1:1
01[13:07] {@Threei}  1:2
01[13:08] {@Threei}  see Alex, I took the lesson... on the right side of the DKTK this time
[13:09] {Alexs} nice to be on the right side :)
[13:17] {RonS} lol..."When pigs fly…" - The first flight of a pig took place at Leysdown, Kent, England. 1909. pic.twitter.com/XzLXliSfkT
01[13:17] {@Threei}  lol
[13:18] {Alexs} what about short IWM now .40?
[13:21] {RonS} U.S. fuel imports drop to 15-year low as nation moves closer to energy independence: http://bloom.bg/1q4AOaj
[13:23] {RonS} Phil Mickelson reportedly cleared of insider trading
01[13:26] {@Threei}  couldn't tell alex
[13:26] {Alexs} just did it :)
[13:32] {nemo} index longs should be setting up spy S4 .56  IWM S2 115
[13:49] {nathan} hi gents
01[13:50] {@Threei}  hi nathan
[13:50] {nathan} day for shorts?
[13:51] {dptl} kinda cloudy here :)
01[13:51] {@Threei}  day is long... various things happen
[13:51] {cosmo} its a little cool still
01[13:51] {@Threei}  we had 1:3s on long side too
[13:51] {nathan} men what happened to DAL today?!
[13:52] {dino} 60s again, where my summer sun?
[13:52] {nathan} here, in barcelona
01[13:54] {@Threei}  Poroshenko, Putin discuss on phone former's peace plan to resolve situation in Ukraine's east
01[13:54] {@Threei}  I can only imagine
[13:54] {dino} for peace, you give russia east
01[13:55] {@Threei}  and two boxes of chocolate
[13:55] {dino} run forest run
01[14:00] {@Threei}  French say 60% of National Debt is Illegal – Default Anyone?
01[14:03] {@Threei} Short Setup: LULU  .35 break
01[14:03] {@Threei}  If holds  .45
[14:04] {cosmo} Jubilee?
[14:04] {Alexs} AAPL .20? short?
[14:04] {dptl} dal .30 long may be
01[14:04] {@Threei}  looks right alex
01[14:05] {@Threei}  1:1  LULU
01[14:06] {@Threei}  AAPL works too
[14:07] {nemo} 92 level aapl is s3 and support
[14:08] {nemo} wow
01[14:08] {@Threei}  beautiful
[14:08] {Alexs} aapl good girl?
[14:08] {dino} gj
01[14:08] {@Threei}  she sure is
[14:08] {Alexs} lol
01[14:08] {@Threei}  she must be FB's girlfriend
[14:09] {nathan} gj
01[14:09] {@Threei}  now, if LULU supplies both of them with yoga pants...
[14:09] {Alexs} I can imagine
01[14:13] {@Threei}  I probably can but don;t want to
[14:15] {dptl} out some dal
01[14:16] {@Threei}  I accidentally looked at the daily chart of GRPN
01[14:16] {@Threei}  can you say Pain Incorporated?
01[14:32] {@Threei} Long Setup:  LULU  .50 break
01[14:33] {@Threei}  If holds  .40
[14:33] {nathan} missed that
01[14:34] {@Threei}  see if pulls back for entry
01[14:34] {@Threei}  nah
01[14:34] {@Threei}  1:1
[14:34] {nathan} wow
01[14:35] {@Threei}  don't sleep on the job
[14:35] {nathan} nope, i was shorting DAL,
[14:35] {nathan} from .30 to .15
[14:35] {nathan} :-)
01[14:40] {@Threei}  LULU needs to practice upward facing dog more
[14:41] {Alexs} lol I can imagine
01[14:41] {@Threei}  again... I probably can too, but I don't want to
[14:42] {nathan} lol
[14:54] {Alexs} that was fast
[14:56] {dino} unfi l .66
01[14:58] {@Threei} Short Setup: IWM  .10 break
01[14:58] {@Threei}  If holds  .20
[14:58] {dino} added al calls
[14:59] {dino} hl l jmei .00
[15:01] {nathan} meh
[15:09] {Alexs} finally
[15:10] {dino} jmei stop .74 -.26
01[15:12] {@Threei}  you out Alex?
01[15:12] {@Threei}  or holdong for .90 break
01[15:12] {@Threei}  ?
[15:12] {Alexs} nope why?
01[15:12] {@Threei}  just asking
01[15:12] {@Threei}  I am generally curious
[15:13] {Alexs} lol
01[15:14] {@Threei}  bird flies by, I ask where from, where to and why
01[15:14] {@Threei}  fish smiws by... you get the idea
[15:14] {Alexs} it's a lot of work...
01[15:14] {@Threei}  yes...
01[15:15] {@Threei}  considering all the widlife around, sucks to be me
01[15:15] {@Threei}  but someone has to
[15:20] {nathan} have happy ending!
[15:20] {nathan} see you tomorrow
01[15:21] {@Threei}  take care nathan
01[15:24] {@Threei}  crap... why haven't I found this video two hours ago: http://www.thephoblographer.com/2014/06/12/happens-put-gopro-dishwasher/
01[15:27] {@Threei} Long Setup:  FB  .30 break
01[15:27] {@Threei}  If holds  .20
[15:28] {Alexs} TWTR  37 long?
01[15:29] {@Threei}  can't tell
[15:32] {nemo} market looks like sell off
[15:32] {nemo} that 193.50 area real important to hold above  imo
[15:35] {dptl} see ya tomorrow all ...gn
01[15:36] {@Threei}  take care dp
01[15:40] {@Threei} Short Setup: IWM  115 break
01[15:40] {@Threei}  last attempt
01[15:40] {@Threei}  If holds  .10
01[15:43] {@Threei}  nah
01[15:43] {@Threei}  snnoying day
01[15:44] {@Threei}  a lot of back and forth
01[15:50] {@Threei}  thank you all, have a good evening
01[15:51] {@Threei}  see you tomorroqw
[15:55] {dino} out unfi .68, +.02
[15:58] {dino} g   n