Tuesday, June 24, 2014

June 24 2013

Decent day with a lot of winning trades, a few of them 1:2. Still slowish, but more active than last couple weeks.

Session Time: Tue Jun 24 00:00:00 2014
[08:59] {dino} gm
01[09:01] {@Threei}  morning dino
01[09:09] {@Threei}  US) APR FHFA HOUSE PRICE INDEX M/M: 0.0% V 0.5%E
01[09:09] {@Threei}  *(US) APR CASESHILLER/CS 20 CITY M/M: 0.19% V 0.80%E; Y/Y: 10.82% V 11.50%E; HOME PRICE INDEX: 168.71 V 169.09E
[09:15] {troub} good morning you all
[09:15] {RonS} gm
01[09:15] {@Threei}  troub, ron :)
[09:17] {dino} risky, but smr s vrtx .51
[09:18] {cosmo} Putin asks Upper House to repeal decision allowing use of military force in Ukraine
01[09:19] {@Threei}  lol
[09:19] {cosmo} fwiw
01[09:20] {@Threei}  West: great, we can go home
[09:20] {cosmo} everybody gets off the hook....no?
01[09:21] {@Threei}  except situation in east unkraine hasn't changed one bit
[09:24] {cosmo} maybe then there's more room to play it out with this rhetoric.
[09:24] {cosmo} with s redolution, you knwo...
[09:24] {cosmo} resolution
[09:25] {cosmo} I have to sit up streight.
[09:26] {ese} morning......
01[09:26] {@Threei}  ese :)
[09:27] {ese} had the 5:30 to 11 picket line duty yesterday
[09:29] {ese} how was the mrkt......
[09:29] {ese} any thing exciting happen
[09:29] {nemo} it was more like your sex life
[09:30] {ese} rotflol
[09:30] {ese} ouch!!!
01[09:30] {@Threei}  nice on VRTX dino
[09:31] {dino} cov vrtx 97.21, +2.30
01[09:31] {@Threei}  wtg
01[09:31] {@Threei} Short Setup: FB  .90 break hl
01[09:31] {@Threei}  late
[09:31] {dino} ty
01[09:31] {@Threei}  grrr
01[09:32] {@Threei} Long Setup:  WMT  76 break
01[09:33] {@Threei}  If holds  .90
01[09:36] {@Threei} Long Setup:  TWTR  .55 break
01[09:36] {@Threei}  If holds  .45
01[09:36] {@Threei}  1:1  WMT
01[09:37] {@Threei}  Invalidated  TWTR
01[09:38] {@Threei} Long Setup:  P  .80 break
01[09:38] {@Threei}  If holds  .70
01[09:40] {@Threei}  1:1
01[09:43] {@Threei} Long Setup:  FB  .45 break hl
01[09:43] {@Threei}  If holds  .35
01[09:43] {@Threei}  that was fast
01[09:44] {@Threei}  1:1
01[09:44] {@Threei}  if you got it
01[09:45] {@Threei}  1:2
01[09:54] {@Threei} Short Setup: TWTR  .30 break
01[09:54] {@Threei}  If holds  .40
01[09:56] {@Threei}  1:1
01[09:58] {@Threei}  *(US) JUN RICHMOND FED MANUFACTURING INDEX: 3 V 7E
01[09:59] {@Threei}  *(US) JUN CONSUMER CONFIDENCE INDEX: 85.2 V 83.5E
01[09:59] {@Threei}  *(US) MAY NEW HOME SALES: 504K V 439KE
01[10:07] {@Threei} Short Setup: GLD  .85 break
01[10:08] {@Threei}  If holds  .95
[10:10] {RonS} dino wwww
[10:10] {RonS} no-name downgrade from buy to neutral...wwww
01[10:13] {@Threei}  LOL, West reaction is so predictably silly: Guardian: Putin removes threat of military intervention after ceasefire; UK Ambassador welcomes Putin's request to revoke permission to use Russian troops in Ukraine
[10:14] {dino} vrtx smr s .75 break
01[10:15] {@Threei}  Invalidated  GLD
01[10:16] {@Threei}  In U.S. a 26-year-old man is in jail after allegedly making a big mistake during a home robbery, according to the local CBS station. Nicholas Wig allegedly broke into a home in Minnesota, and stole credit cards, cash, and a watch. While there, he decided to log onto Facebook. He forgot to log off.
[10:18] {dino} stoip -.27
01[10:18] {@Threei} Long Setup:  FB  .65 break hl
01[10:18] {@Threei}  late
[10:19] {dino} rinsed
01[10:20] {@Threei}  second time FB gets away
01[10:21] {@Threei} Long Setup:  CAT  109 break
01[10:22] {@Threei}  If holds  .90
01[10:24] {@Threei}  nah
01[10:24] {@Threei}  switching to fading setups, market started failing them about this time yesterday
01[10:30] {@Threei}  rinse
[10:35] {dino} lots of rinses lately
[10:48] {dino} emes smr l .85
[11:04] {nemo} mu .80 level ceiling
[11:06] {dino} messing w/vrtx fast hits to quick to post
[11:07] {nemo} think iwm drop of .80
01[11:07] {@Threei} Short Setup: LVS  .10 break
01[11:07] {@Threei}  If holds  .20
[11:08] {dino} emes stop
01[11:16] {@Threei}  1:1
01[11:38] {@Threei}  good call on IWM nemo
01[11:39] {@Threei}  hah... remember my shot of flamingo with butterfly on its back?
[11:39] {nemo} that was a great one
01[11:39] {@Threei}  Olympus asks for the image to use in their brand advertising
[11:40] {nemo} most cool...alex really liked that shot
01[11:40] {@Threei}  Olympus Brand Marketing team. We came across an image of yours in our April 2014 Gallery on GetOlympus.com. Your flamingo image has been selected by our internal team to demonstrate the great quality of our OM-D products and lenses. With your permission, we would like to use the image/file in an in store setting.
[11:42] {nemo} gdx weak
[11:42] {nemo} where's the link to that one vad
01[11:42] {@Threei} Short Setup: SLW  .22 break
01[11:42] {@Threei}  If holds  .30
01[11:43] {@Threei}  hold on
01[11:44] {@Threei}  https://www.facebook.com/photo.php?fbid=630944820318370&set=pb.483178015095052.-2207520000.1403624692.&type=3&theater
01[11:44] {@Threei}  1:1
[11:45] {nemo} ual
01[11:48] {@Threei}  1:2
01[11:49] {@Threei}  how I missed shorting PMs... {G}
01[11:49] {@Threei}  glad they are back for us, lol
[11:49] {nemo} what's the photo website?
01[11:49] {@Threei}  ?
[11:49] {nemo} yours
[11:49] {dino} vrtx smr s .85
01[11:49] {@Threei}  www.arrestinglight.com
01[11:50] {@Threei}  (I can't believe anyone wouldn't know it by heart by now... sniff sniff)
[11:52] {dino} cob vrtx .19, +.66
[11:53] {dino} cov
01[11:53] {@Threei}  wtg
[11:53] {nemo} see if you can short it again at vwap
[11:53] {dino} ty
[11:54] {dino} seeing that as major resis
[11:54] {nemo} yep
[11:54] {nemo} might hiccup at 94 too
[12:03] {nemo} yeah, 94 this time
[12:04] {thomcbell} watching lvs for a long entry
[12:04] {thomcbell} would prefer pullback entry
[12:19] {dino} vrtx smr s .67
[12:22] {dino} cov vrtx .17, +.50
[12:23] {thomcbell} splk 53.85 long break if holding 53.75
[12:24] {thomcbell} small shares due to time of day
[12:29] {thomcbell} splk 1:1
[12:33] {dino} lgnd smr l .44 stop lod
[12:42] {dino} gj tbell
[12:43] {nemo} vrtx looks short here
[12:44] {dino} lgnd no go
01[12:49] {@Threei}  A Ukraine helicopter used for carrying military cargo was brought down by rebel fire near the town of Slavyansk in eastern Ukraine on June 24 and nine people were feared dead
01[12:49] {@Threei}  nice ceasefire
[12:53] {dino} don't know if it relates, but pratt&whitney (division on united tech) just sent some aerospace engineers to poland this weekend, my niece included
01[12:54] {@Threei}  might be missile shield related?
01[12:54] {@Threei}  or it's not their specialty?
[12:55] {dino} aircraft engines mainly
01[12:56] {@Threei}  anyway, it never ceases to amaze me how the west reacts... Putin asks parlament to withdraw permission to use troops - horray, this shows he won't
01[12:57] {@Threei}  as if he doesn't covertly,
01[12:57] {@Threei}  or as if he wouldn't without such permission and anyone in parlament would open their mouth to object,
01[12:58] {@Threei}  or as if it took him more than 10 min to get them to grant such permission again
01[13:01] {@Threei}  Herbalife Ltd. Pyramid scheme expert calls on the SEC to crack down on multi level marketing (MLM) - NY Post- Bill Keep, the business dean of the College of New Jersey sent a letter to SEC chief White on June 16th warning against the "threat of unregulated behaviors by hundreds of thousands of MLM distributors."
[13:02] {dino} oh the horror, give me a break
01[13:02] {@Threei}  yeah
01[13:02] {@Threei}  college professor
[13:03] {thomcbell} splk got 1:2
[13:03] {thomcbell} out here
01[13:03] {@Threei}  wtg
[13:03] {dino} gj
01[13:03] {@Threei}  college professor
01[13:03] {@Threei} Long Setup:  LVS  .80 break
01[13:04] {@Threei}  If holds  .70
[13:05] {nemo} mpc should be short to the whole
[13:09] {nathan} hi all
[13:09] {dino} vrtx banging vwap
01[13:10] {@Threei}  hey nathan
[13:11] {nathan} capitul. JNPR
01[13:16] {@Threei}  Putin: Demanding disarmament from Ukrainian separatists is senseless
01[13:16] {@Threei}  Putin: Moscow will always defend Ukrainians who feel part of Russian world
01[13:16] {@Threei}  there
[13:18] {dino} vrtx smr s .60
[13:19] {dino} damn spike
[13:26] {dino} cov vrtx .00, +.60
01[13:26] {@Threei} Long Setup:  LVS  .60 break
01[13:26] {@Threei}  If holds  .50
[13:31] {dino} sstk drop
01[13:32] {@Threei}  1:1
[13:38] {dino} lgnd smr l .80 ave, gappy sucker
01[13:44] {@Threei}  Ukrainian official: Russia still building up troops, hardware at border with Ukraine
01[13:46] {@Threei}  how about this:
01[13:46] {@Threei}  'Luhansk People's Republic': Russia's decision not to use army in Ukraine doesn't apply to it
01[13:46] {@Threei}  lol
[13:48] {dino} out lgnd .50, +.70
01[13:48] {@Threei}  gj
[13:49] {nathan} gj dino
[13:49] {dino} ty
[13:49] {dino} watt spike
[13:50] {RonS} watt lights out?
01[13:51] {@Threei}  lol
[13:51] {dino} watt's up?
[13:52] {dino} insm s .61 stop .71
[13:54] {dino} added vxx sept calls
[13:54] {nemo} http://goo.gl/6wvOtH
01[13:56] {@Threei}  if LVS dives under .60, let's watch for repetition of the setup
01[13:58] {@Threei} Long Setup:  LVS  .60 break
01[13:58] {@Threei}  If holds  .50
[13:58] {nemo} looks like the market
01[13:59] {@Threei}  very much so
01[13:59] {@Threei}  Invalidated
[14:02] {nemo} what, nobody liked the picture?
01[14:03] {@Threei}  too cute
01[14:07] {@Threei}  LVS was waorth recalibration...
[14:09] {dino} oas drop
[14:09] {dino} lot of oils/lp drops today
[14:17] {nemo} indexes look short
[14:18] {dino} oas smr l .00
[14:26] {dino} athl smr l .00
[14:26] {thomcbell} watching splk for a short entry now
[14:29] {dino} oils getting crushed
[14:30] {dino} oas stop .73 -.27
01[14:31] {@Threei} Long Setup:  JNPR  .20 break
01[14:31] {@Threei}  If holds  .13
[14:31] {dino} athl stop .80 -.20
[14:44] {nathan} well gents see u in couple weeks
[14:44] {nathan} i'm gonna be out for work
[14:44] {nathan} take care
[14:44] {dino} cya nat
[14:44] {nathan} gluck
[14:45] {dino} u2
01[14:47] {@Threei}  take care nathan
[14:51] {dino} oas hl l .70
[14:54] {nemo} IMO after 3:15 in indexes shorts will be getting out of the way
[14:59] {dino} out oas .02, +.32
[15:00] {goinshort} out oas - thanks!
[15:00] {dino} yw, gj
01[15:02] {@Threei}  (US) Fed's Dudley: Market expectations for a mid-2015 rate hike seems to be reasonable; unemployment can decline further before inflation becomes a problem - Q&A- Rate moves will depend on the Fed's outlook for the economy.
01[15:03] {@Threei}  (UR) Ukraine President Poroshenko is reportedly mulling withdrawl of ceasefire in eastern Ukraine after pro-Russia separatists shot down helicopter - press- Poroshenko says rebels have fired at Ukrainian forces 35 times since he announced the ceasefire
01[15:03] {@Threei}  that didn't last too long
[15:11] {dino} cov insm .53 +.08
01[15:20] {@Threei} Short Setup: IWM  .90 break
01[15:21] {@Threei}  grrr... late
[15:26] {nemo} this should be short covering into close
01[15:26] {@Threei} Long Setup:  IWM  117 break
01[15:26] {@Threei}  If holds  .90
[15:27] {nemo} Pavlov
01[15:27] {@Threei}  nice to meet you
[15:30] {nemo} this .08 level important, breaks this .38 level next
[15:33] {nemo} indexes look short
[15:35] {thomcbell} dal looks vulnerable
[15:36] {nemo} so....can I pound my chest about calling the top in iwm?
01[15:37] {@Threei}  only if you promise not to break your ribs
[15:37] {nemo} np...what about Les
[15:37] {nemo} s ribbs
[15:37] {nemo} ?
01[15:38] {@Threei}  not my concern
[15:38] {nemo} I'll take that as approval
01[15:39] {@Threei}  tacit
[15:39] {nemo} spasibo
[15:44] {dino} nemo, gut feel on open tomorrow?
[15:45] {nemo} I don't have one at the moment push come to shove, up, and drop
[15:45] {dino} opposite, thinking gap down then up
[15:45] {nemo} maybe, and actually with the alibaba IPO coming up, that would make sense
[15:46] {dino} what day is ali?
[15:46] {nemo} don't know yet, but all will get is tree shaking until then.  we probably get a honeymoon with that and then a real pullback becomes possible, but not until after
[15:46] {nemo} too big a wall street payday coming
[15:47] {nemo} that could be the biggest ipo ever
01[15:47] {@Threei}  OK guys, decent day overall
[15:47] {nemo} don't forget we have quarter end coming, so serious window dressing
01[15:48] {@Threei}  thank you all, have a good evening
01[15:48] {@Threei}  see you tomorrow
[15:48] {dino} gn 3i