Wednesday, July 2, 2014

July 02 2014

Catch of the Day, beautiful double bottom on TWTR, right from 111 Trades page. Get it now:  

Session Time: Wed Jul 02 00:00:00 2014
[08:45] {dino} gm
01[08:45] {@Threei}  dino :)
01[08:56] {@Threei}  08:15 *(US) JUN ADP EMPLOYMENT CHANGE: +281K V +205KE (largest increase since Nov 2012)
[09:03] {nemo} don't any of you have a life?
01[09:03] {@Threei}  what's that?
[09:03] {nemo} I was kinda' asking because I don't know
[09:03] {dino} never sleep well nemo, always up early
[09:04] {nemo} Sleep?  what is that?
01[09:04] {@Threei}  this made my evening yesterday:
01[09:04] {@Threei}  Yong I was. Money I needed.
[09:04] {nemo} gpro shortable today
[09:04] {dino} sfly setting up for short
[09:04] {nemo} hehehehehe
[09:08] {nemo} wow, Tiger Direct has a $69 Western Digital 2TB hard drive
[09:14] {troub} good morning you all
01[09:14] {@Threei}  troub :)
[09:14] {nemo} you do that on purpose don't you...
01[09:14] {@Threei}  I'll wait till they sell solid state for that price
01[09:15] {@Threei}  unless my current dies on me of course
[09:15] {nemo} it's just somewhat amazing how much storage you can get for so little
01[09:15] {@Threei}  true
01[09:16] {@Threei}  so, looking at the market state, VIX etc...
01[09:16] {@Threei}  as we see, not the best time for day trading, but rather preparation for a great time
[09:16] {nemo} tomorrow morning should be interesting
01[09:16] {@Threei}  we always do the best in bear market and the worst in slow low volume climb
01[09:17] {@Threei}  with VIX being at all time low, it's only a matter of time
[09:17] {dino} depending on todays, i may blow tomorrow off. also, on vacation next week, so have fun w/o me
01[09:17] {@Threei}  tomorrow is a short day, right?
[09:17] {dino} yes 1 pm
[09:18] {dino} not allowed over 3 days banks closed
01[09:18] {@Threei}  IMO, worth 1-2 hoirs of trading in the morning, after that it's dead
[09:20] {dino} sfly filled that march gap up
[09:21] {RonS} gm...Curtis Mayfield stock...superfly
[09:21] {nemo} gag
01[09:21] {@Threei}  ron :)
[09:22] {dino} dal drop
[09:22] {RonS} hearing others under pressure too
[09:22] {dino} ual yeah
[09:23] {RonS} stem could be a runner...already +11%
01[09:25] {@Threei}  STEM Brinson Patrick Initiates STEM with Market Outperform, price target: $7
01[09:26] {@Threei}  USU
[09:26] {nemo} we should look for high short interest stocks in a low volatility environment.  Those are the stocks receiving upgrades of late
01[09:26] {@Threei}  USLE
01[09:26] {@Threei}  ISLE
01[09:26] {@Threei}  CAMP
01[09:26] {@Threei}  list for you volatility lovers
01[09:27] {@Threei}  CAMP lowered guidance
01[09:27] {@Threei}  NLS, no news
[09:28] {cosmo} ah...four letter stocks...just like old times
[09:28] {dino} anet still rising
01[09:31] {@Threei} Long Setup:  TWTR  .65 break
01[09:31] {@Threei}  lol
01[09:31] {@Threei}  1:1  
01[09:31] {@Threei}  good luck getting it
[09:31] {dino} dal gap fill
01[09:33] {@Threei} Long Setup:  FB  .20 break
01[09:33] {@Threei}  If holds  .10 
01[09:35] {@Threei}  change to .10 break
01[09:35] {@Threei}  If holds  68 
01[09:35] {@Threei}  two-sided
01[09:37] {@Threei}  1:1  
[09:38] {dino} sfly smr s .57
01[09:41] {@Threei} Short Setup: WMT  .70 break
01[09:41] {@Threei}  If holds  .75 
01[09:41] {@Threei}  Invalidated  
[09:42] {dino} sfly to .07
[09:44] {dino} to .845
[09:45] {dino} cov .79 sfly, +.78
[09:45] {RonS} gj
[09:45] {dino} ty
[09:45] {nemo} first frickin' day gpro is shortable ALREADY on the uptick rule
[09:45] {RonS} Jimmy Carter moving up by default. RT @politico: Poll: Obama worst prez since WWII
[09:45] {nemo} can't make this shit up
[09:45] {dino} roflol
01[09:46] {@Threei}  lol
[09:46] {nemo} not like there are great barriers to entry in that biz
01[09:46] {@Threei} Short Setup: WMT  .80 break
01[09:46] {@Threei}  If holds  .90 
[09:49] {nemo} Xone dino, opened at pivot, probably shortable there
[09:51] {dino} watching it
01[09:55] {@Threei} Long Setup:  FB  .90 break
01[09:55] {@Threei}  If holds  .80 
01[10:00] {@Threei}  1:1  
01[10:01] {@Threei}  ok W{T
01[10:01] {@Threei}  die
01[10:01] {@Threei}  WMT
01[10:03] {@Threei}  1:1  WMT 
[10:04] {dino} well its a good day, just sold one of my condos in nc
01[10:05] {@Threei}  :)
[10:20] {dino} .
01[10:21] {@Threei}  [NQ] Ticking higher on rumor that its independent auditor may sign off on its financials - NQ has been working with its auditor and conducting its own internal audit in response to allegations from Muddy Waters earlier this year.
[10:24] {nemo} P running...and not into the toilet (homage to ron)
01[10:25] {@Threei}  lol
[10:25] {nemo} or into Ron's Depends
[10:28] {dino} lol
01[10:28] {@Threei} Short Setup: TWTR  .35 break
01[10:28] {@Threei}  If holds  .45 
01[10:33] {@Threei}  stop to .41
01[10:42] {@Threei}  meh
01[10:42] {@Threei}  1 cent from 1:1
[10:45] {dino} sfly smr s .90 jumpy
01[10:45] {@Threei} Long Setup:  FB  68 break
01[10:45] {@Threei}  If holds  .90 
01[10:53] {@Threei}  Invalidated  
01[10:58] {@Threei} Long Setup:  C  .05 break
01[10:58] {@Threei}  If holds  .95 
[11:00] {RonS} what?   Yellen: Acceleration Of Risk-Taking Concerns Could Require More Robust Macroprudential Response
01[11:02] {@Threei}  I was always a sztrong supporter of macroprudentialism
01[11:04] {@Threei}  this is one of the most nucleorogical forms of neurooscillating shamanism
01[11:04] {@Threei}  which has my robust respect
01[11:05] {@Threei}  especially when coupled with unequivocal defenestration
[11:05] {nemo} or intellectual onanism
01[11:05] {@Threei}  or that
[11:06] {nemo} that opposable thumb thing again
01[11:06] {@Threei}  (US) Fed Chair Yellen: monetary policy faces limitations and may not be the best tool to ensure financial stability - IMF lecture - Calls for macroprudential tools to be used to promote financial stability - low interest rates do have the potential to increase the incentives and reach for yield - have seen some pockets of risk taking across the financial system - dont see a need to shift monetary policy away from seeking price stability and maximum employment - increasing rates to promote financial stability would only serve to increase volatility in the employment and inflation sectors of the economy
01[11:06] {@Threei}  let's scratch C
01[11:07] {@Threei}  this speech upset the cart
[11:08] {dino} instead of trying to be celebrities, they need to shut the f up
01[11:09] {@Threei}  out .04
01[11:09] {@Threei}  Merkel warns Russia on sanctions ahead of Berlin talks on Ukraine
01[11:09] {@Threei}  Putin: this is what, 168th warning? I can't take it anymore
[11:10] {dino} putin;"stop teasing me"
01[11:11] {@Threei}  lol
01[11:11] {@Threei}  From one of russian forums, translating on the fly:
01[11:12] {@Threei}  "I don't know what we are waiting for, why are we not hitting USA with nuclear bombs? If we take them out, Ukraine will surrender at once"
[11:13] {dino} cov sfly .46, +.44
01[11:16] {@Threei} Long Setup:  TWTR  .25 break
01[11:17] {@Threei}  If holds  .15 
[11:18] {dino} sfly hl s .22
[11:21] {dino} 07 red
[11:30] {dino} sfly b/s is .52
[11:31] {dino} stopped
[11:33] {dino} scanners slowed down
06[11:36] * @Threei kicks TWTR in the rear
[11:42] {nemo} now sfly hvaing trouble with vwap
[11:46] {dino} thru it
01[11:55] {@Threei}  TWTR, everyone exited at 1:3?
[11:56] {dino} gj
01[11:56] {@Threei}  ty
[11:57] {goinshort} got it- thanks!
01[11:57] {@Threei}  :)
01[11:57] {@Threei}  beautiful double bottom, right from 111 Trades page
[11:58] {dino} lorl smr s .60
[12:02] {dino} cov lorl 75.40, +1.20
[12:07] {troub} excellent dino
01[12:07] {@Threei}  frikin C worked after all
[12:07] {dino} ty troub
[12:10] {dino} king spike
[12:12] {dino} sfly l/h l/l
[12:13] {dino} .20 break s smr
[12:17] {dino} maybe just a wide channel
[12:25] {nemo} sfly more likely to sell off tomorrow...who wants to carry a rumor over a three day weekend
[12:26] {dino} surprised its holding up 5+ now, these usually jump 4 or 5 them come back to only 1 or 2 up
[12:48] {troub} .
01[12:57] {@Threei} Long Setup:  TZA  .60 break
01[12:57] {@Threei}  If holds  .55 
01[13:10] {@Threei}  Fresh Russia sanctions on hold as European foreign ministers meet in Berlin
01[13:11] {@Threei}  hmmm... I don't think they are fresh still
[13:12] {dino} sfly smr s .89
[13:19] {nemo} we're starting to get a lot of rumor buying and upgrades on high short interest stock
[13:19] {dino} sign of top
[13:20] {nemo} yes, or in such a low volatility environment, generating some volatility
[13:20] {nemo} algo's gotta' pay the bills you know
[13:20] {dino} so do i
01[13:21] {@Threei}  good algos would pay our bills too
[13:22] {nemo} says the man who just sold a condo
[13:24] {dino} just a small part of the plan nemo
[13:25] {nemo} next thing you know we'll see a news article about you next to a picture of Hillary talking poor mouth
[13:25] {nemo} sorry dino, no Les
[13:25] {dino} lol
[13:26] {nemo} setup looks good here, but that high becons
[13:26] {nemo} beckons
[13:26] {dino} b/s at .21
[13:33] {nemo} gpro letting go
[13:34] {dino} sfly stop
01[13:34] {@Threei}  does GPRO record the drop?
06[13:34] * @Threei slants at Ron
[13:35] {RonS} but that was funny...
[13:36] {nemo} yeah, like one of those wing suit flyers
[13:38] {nemo} yeah, sfly gonna test the high
[13:40] {dino} ns
[13:40] {nemo} wow gpro
[13:41] {nemo} look at the hft activity on gpro
[13:41] {nemo} holy shit
[13:42] {nemo} that frickin' LII is moving like a pornstar's vibrator
[13:42] {nemo} was that too extreme?
[13:42] {nemo} spwr looks short
[13:42] {RonS} knew the pros were involved when fidelity had no borrow
[13:42] {dino} lol
[13:43] {nemo} alot of people have no borrow on it
[13:43] {dino} none here
[13:43] {nemo} .45 break onf spwr. oops
[13:43] {nemo} stop above .50
[13:45] {RonS} fb selling on livewire purchase...
[13:46] {RonS} fb UK investigation...
[13:46] {RonS} liverail sorry
[13:51] {nemo} uno:uno
[13:51] {nemo} eins:eins
[13:51] {nemo} might be a quick hasta la vista
[13:52] {nemo} oh, indexes testing support
[13:52] {RonS} gwph pulp again
[13:53] {nemo} yeah, buddy of mine swing short on that one
[13:53] {dino} ballsy
[13:53] {nemo} yeah, he is
[13:54] {dino} agree w/it, but i'd do it thru options
[13:55] {nemo} that spwr.45 level
[13:55] {nemo} should probably hold to original .50 stop
[13:56] {dino} sfly hod, nce call nemo
[13:56] {nemo} probably melt-up time in the indexes
[13:57] {nemo} it just kept creeping
[13:58] {dino} not acting normally for company that hires investment bank, should drop $4 bucks
[13:58] {nemo} sob
[13:58] {nemo} look at that
[13:58] {dino} lol, thers .50
[13:58] {nemo} fornicate me
[13:58] {dino} theres
[13:58] {nemo} yeah, get in on that
[13:58] {dino} .00 break, my trigger
[13:59] {nemo} yeah and they ticked you
[13:59] {nemo} but then you'd still have to get shares
[13:59] {nemo} GFL
[13:59] {dino} happens alot last 45 days
[13:59] {nemo} lower volume, algo's right there short stepping new highs and lows inside of resting orders
[14:00] {RonS} jazz
[14:00] {nemo} singing the blues you didn't get in long Ron
[14:00] {nemo} hehehehehehehe
[14:01] {nemo} o.k. .50 confirmed stop in spwr
[14:08] {nemo} sheesh, everything is moving like an arthritic sloth
[14:09] {dino} yeah, getting to the point that i should just go play some golf
[14:09] {dino} out of here at 3 pm
[14:09] {nemo} 3-4 might have movement, you should have played 9 at lunch
[14:10] {dino} i like to tip a few beers while playing, no way i could get away from 19th hole in time for last hour
[14:10] {nemo} mmmhhhh...always thought of you as Mr. Discipline.  The kinda' guy that irons his underwear
[14:10] {dino} psix odd again today, been bouncing 68.80s-69.40s for hours, very thin
[14:11] {dino} work hard play hard 
[14:12] {nemo} frickin spwr
[14:12] {nemo} spy 32.7 mil
[14:12] {nemo} I play hard, play harder, take alka seltzer
[14:12] {dino} lol
[14:13] {nemo} vicodin helps too
01[14:13] {@Threei}  I am lost
01[14:13] {@Threei}  where is vodka in that?
[14:13] {dino} no drugs for me, tequila takes that place
[14:13] {nemo} alcohol is a drug
[14:13] {nemo} go iron your boxers will ya'
[14:13] {dino} nah
[14:14] {dino} sfly going to drop
[14:14] {nemo} I like to crease the center of the quadriceps and the rear of the biceps femoras
[14:15] {nemo} damn, spwr gonna' rinse me after 1:1
01[14:15] {@Threei}  word on the street, nemo, is: dino doesn't iron his underwear but his bootlaces are whole other matter - no coming out of the house without ironing those
[14:15] {nemo} it's a frickin' communist conspiracy
[14:15] {nemo} that's a bit extreme
[14:15] {dino} since trading from home, don't think i've used an iron
[14:15] {nemo} well to each his own
[14:16] {nemo} yeah, probably barely get dressed
[14:16] {nemo} shaving and showering become optional
[14:17] {nemo} All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack 
[14:17] {nemo} a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no play makes Jack a dull boy.  All work and no 
[14:17] {nemo} play makes Jack a dull boy.  
[14:17] {nemo} Here's Johnnny!!!!
[14:18] {dino} red rum
[14:18] {nemo} But I don't want to be Mr. Pink!
[14:18] {nemo} "You alright?"  "I'm far from alright."  "...we're gonna' get medieval on his ass..."
[14:19] {nemo} "Stuck in the middle with you...."
01[14:20] {@Threei}  someone give nemo an iron
[14:21] {dino} "you tell him i'm coming, and hell's coming with me"
[14:21] {nemo} "We are the crack suicide squad of the People's front of Jedea!"
[14:21] {nemo} I'll be your huckleberry
[14:21] {nemo} "Judea"
01[14:21] {@Threei}  I am scared to think what kind of crackheads today's log will attract
[14:21] {dino} "thats ok, i got one gun for each of you"
[14:22] {nemo} "Don't do it..."
[14:26] {nemo} spwr again
[14:27] {nemo}  Why Johnny Ringo, you look like somebody just walked over your grave.
[14:27] {dino} i beg to differ, we started a fight we never finished
[14:27] {nemo} O.k. lunger
[14:28] {dino} i ain't got the words
[14:29] {nemo} Poor soul. You were just too high-strung.
[14:29] {nemo}  I'm afraid the strain was more than he could bear. Oh, I wasn't quite as sick as I made out.
[14:29] {dino} he walks on water
[14:29] {nemo} he's down there walking on water
[14:29] {dino} somebody get that dog outta here
[14:30] {dino} i was just funnin'. i wasn't
[14:30] {nemo} I wasn't. And this time...t's legal.
[14:31] {nemo} this time spwr going
[14:33] {nemo} I'm gonna' have to watch that again tonight
[14:33] {dino} "het ray, where do those stairs go?"  "up"
[14:33] {dino} hey
[14:33] {nemo} sorry, dont remember that one
[14:33] {dino} ghost busters
[14:34] {nemo} oh sheesh, THOSE braincells rotted a long time ago
[14:34] {dino} went off topic there
[14:34] {nemo} a tad
[14:34] {dino} dogs and cats living together, in sin
[14:34] {nemo} I think I saw that in Germany actually
[14:35] {dino} think this slow afternoon is more that i can bear
[14:35] {dino} or bare
[14:35] {nemo} melt up might have started
[14:35] {nemo} no, vid cam shots please
[14:35] {nemo} finnies look southward
[14:36] {nemo} too much for troub
[14:36] {nemo} did we stray from the path of decency?
01[14:36] {@Threei}  Ping timeout
[14:36] {RonS} path of mendacity?
01[14:37] {@Threei}  rion overloads my limited vocabulary
01[14:37] {@Threei}  ron
[14:37] {nemo} life is fiction
[14:37] {nemo} at least from a historical point of view
[14:37] {nemo} just ask my girlfriend, I never remember things correctly
[14:37] {dino} life's a game, money's the score, play to win
[14:38] {nemo} that's here dino...some places life is the game
[14:38] {nemo} IWM just been dripping away today
[14:39] {nemo} "a Royale with cheese"
[14:40] {nemo} stop above .45 on spwr
[14:40] {nemo} this could be the low though
[14:40] {nemo} especially if the indexes melt up
01[14:42] {@Threei}  half out TZA
01[14:42] {@Threei}  stop to .59
[14:48] {nemo} stop to .40 spwr
[14:52] {dino} tsla drop
[14:53] {nemo} stop to .36
[14:56] {nemo} stop to .22
[14:56] {nemo} look at that .10 bid
[15:02] {nemo} how come I can't get a dino trade
[15:02] {dino} 'cause you're not dino
[15:03] {nemo} wow, that's profound]
[15:03] {dino} anyway, gotta hop, gn all
[15:03] {nemo} shit
[15:03] {nemo} basically a .50 range in the spy today
[15:03] {dino} sfly on radar for tomorrow
[15:03] {nemo} sfly, gpro, spwr, fslr
[15:07] {RonS} lol...They should put today's tape on loop at Guantanamo
[15:07] {nemo} yeah,saw that
01[15:08] {@Threei}  I think we did pretty good for such narrow day
01[15:08] {@Threei}  although yeah, as we discussed in the morning... can't wait for the market to top out and reverse. That's when real fun begins
[15:11] {troub} your experience says most calls will be shorts or longs?
[15:12] {nemo} when?
[15:12] {RonS} w/ a few in-betweens...
01[15:12] {@Threei}  both, with shorts being safer and more numerous
01[15:12] {@Threei}  longs on bounces, a bit more risky
[15:12] {nemo} trade with the trend, but Vad has a tendency to hit counter trades
[15:13] {nemo} Gawd I miss those limit down openings
[15:14] {nemo} Vad cleans up in anarchy
01[15:14] {@Threei}  love anarchy
01[15:14] {@Threei}  panic
[15:14] {nemo} bring forth the dogs of war!!!!
[15:14] {nemo} He came riding on a pale horse
01[15:27] {@Threei}  stop to .64
01[15:28] {@Threei}  LOL;
01[15:51] {@Threei}  closing last TZA +.10
01[15:52] {@Threei}  thank you all, have a great evening, see you tomorrow

[15:56] {nemo} iwm retraced yesterday