Tuesday, July 8, 2014

July 08 2014

Very nice first half of the day with a few strong trades, followed by shaky afternoon with a few stops. Mostly washout day.

Session Time: Tue Jul 08 00:00:00 2014
01[09:19] {@Threei}  looks like total vacation
[09:19] {troub} good morning you all
01[09:20] {@Threei}  morning troub
[09:20] {cosmo} I come here for vacation
[09:20] {troub} everyone on vacation today
01[09:20] {@Threei}  except ese
01[09:20] {@Threei}  he is in picket line
[09:21] {RonS} gm
01[09:21] {@Threei}  ron :)
01[09:21] {@Threei}  we know exactly where dino is... let's surprise him?
[09:22] {troub} vad, make 100% 1:3 calls today. Teach them to miss
01[09:22] {@Threei}  good idea
01[09:24] {@Threei}  -NURO +36.5% (FDA clears Wearable Tech for OTC use in chronic pain)
01[09:24] {@Threei}  -TXMD +26.6% (follow-through on FBR Capital initiation at Outperform)
01[09:25] {@Threei}  -AAV +8.2% (buying off yesterday's downward move)
01[09:25] {@Threei}  -CGI +7.0% (Stifel Nicolas raise to Buy)
01[09:25] {@Threei}  -ANAC +6.8% (FDA approval of KERYDIN)
01[09:25] {@Threei}  - SMFG -7.7% (Japan FSA regulator to increase supervision over asset management industry)
01[09:25] {@Threei}  -TFM -6.2% (GS cuts to Sell)
01[09:25] {@Threei}  -DAL -1.7% (poor Air France traffic)
01[09:25] {@Threei}  -AAL -1.3% (poor Air France traffic)
01[09:26] {@Threei}  cheapies making big runs...
01[09:26] {@Threei}  normally signals last phase of bull market
01[09:30] {@Threei} Short Setup: FB  .25 break
01[09:30] {@Threei}  If holds  .35
01[09:31] {@Threei}  no go
01[09:32] {@Threei} Long Setup:  TWTR  .70 break
01[09:32] {@Threei}  If holds  .60
01[09:34] {@Threei}  grr
01[09:35] {@Threei}  2 cents from 1:1
01[09:37] {@Threei} Long Setup:  FB  .35 break
01[09:37] {@Threei}  If holds  .25
01[09:40] {@Threei}  TWTR just can't find bottom
[09:40] {nemo} nothing has found the bottom yet
[09:40] {nemo} finnies trying
01[09:41] {@Threei}  1:1  FB
01[09:42] {@Threei}  1:2
01[09:47] {@Threei} Long Setup:  TWTR  .85 break
01[09:47] {@Threei}  If holds  .75
01[09:47] {@Threei}  Invalidated
[09:48] {nemo} S3 is .45
01[09:48] {@Threei}  should be bottoming here
01[09:48] {@Threei} Long Setup:  TWTR  .80 break
[09:48] {nemo} between here and .45
01[09:49] {@Threei}  If holds  .70
01[09:49] {@Threei}  1:1
[09:49] {troub} too fast
01[09:50] {@Threei}  yeah
[09:50] {nemo} Yeah, Vad can't type for shit but boy can he hit those bids
[09:51] {troub} time for voice or is accent worse?
01[09:51] {@Threei}  second day of nice selling... could we finally be in something different than relentless buying
[09:51] {nemo} yeah, german output showed 3rd month of contraction
01[09:52] {@Threei} Long Setup:  WMT  .35 break
01[09:52] {@Threei}  If holds  .25
01[09:56] {@Threei}  1:1
[10:09] {nemo} if twtr doesn'
[10:09] {nemo} t hold here teswt of 38 likely
01[10:12] {@Threei} Short Setup: TWTR  .55 break
01[10:13] {@Threei}  If holds  .65
[10:17] {nemo} PRU looks shor below .50
[10:17] {nemo} little spready
01[10:18] {@Threei}  come on TWTR
01[10:18] {@Threei}  you know you want to kill bottom fishers
01[10:18] {@Threei}  1:1
01[10:19] {@Threei}  1:2
01[10:20] {@Threei}  1:3
01[10:20] {@Threei}  out
[10:21] {nemo} should test near the whole
01[10:23] {@Threei}  beautiful
[10:24] {nemo} what?
01[10:24] {@Threei}  love this selling, gives me hope we might get sustanable bear phase
[10:24] {nemo} I'm looking for the collapse of civilization
01[10:24] {@Threei}  that goes without questions
01[10:25] {@Threei}  but until we get that lucky, let's settle on some nice short plays
01[10:27] {@Threei} Short Setup: DAL  .90 break hl
01[10:27] {@Threei}  If holds  35
01[10:28] {@Threei}  Invalidated
[10:28] {nemo} market trying to bottom
01[10:29] {@Threei} Long Setup:  FB  .85 break
01[10:29] {@Threei}  If holds  .75
01[10:34] {@Threei}  TWTR over a dollar drop since entry
01[10:34] {@Threei}  troub, see what I meant saying that bear market is much more fun?
01[10:39] {@Threei} Long Setup:  FB  .45 break
01[10:39] {@Threei}  If holds  .35
01[10:41] {@Threei}  stop to .39
01[10:41] {@Threei}  touched 1:1
01[10:41] {@Threei}  1:1
01[10:51] {@Threei} Long Setup:  TWTR  37 break
[10:51] {nemo} oops
01[10:51] {@Threei}  1:1
01[10:53] {@Threei}  1:2
01[10:57] {@Threei}  1:3
01[10:57] {@Threei}  1:4
01[10:58] {@Threei}  out
[11:12] {nemo} FB might be bounce time
01[11:15] {@Threei} Long Setup:  FB  .90 break
01[11:15] {@Threei}  If holds  .80
01[11:16] {@Threei}  1:1
01[11:18] {@Threei}  1:2
01[11:18] {@Threei}  09:22] {troub} vad, make 100% 1:3 calls today. Teach them to miss
01[11:18] {@Threei}  getting there :)
[11:19] {troub} not bad
[11:19] {troub} actually darn good
[11:21] {nemo} .53 is FB 50 day
[11:30] {nemo} .56 the low so far
[11:37] {nemo} DAX closed on the lows
01[11:38] {@Threei} Long Setup:  TWTR  .35 break
01[11:39] {@Threei}  If holds  .25
01[11:44] {@Threei}  nope
[11:51] {nemo} PETM
01[11:54] {@Threei}  was looking at FB for .50 break short
01[11:54] {@Threei}  haven't reconditioned myself for "short at will" yet, lol
[11:54] {nemo} yeah, but with that daily it has to be close
[11:55] {nemo} it's been #1 weak on the algo all morning though
[11:55] {nemo} still full red
01[12:20] {@Threei} Short Setup: TWTR  37 break
01[12:20] {@Threei}  If holds  .10
[12:21] {nemo} SPY just closed a big gap, shorts might be tough for awhile
01[12:22] {@Threei}  MSFT Intends to end mainstream support (free) for Windows 7 on January 13, 2015
01[12:22] {@Threei}  what??
[12:23] {nemo} they usually only support back two versions, means something else must be coming
01[12:23] {@Threei}  this is lunacy
01[12:23] {@Threei}  the best windows ever made
01[12:24] {@Threei}  huge share of users just don't need anything else, and won't for years
01[12:25] {@Threei}  Air raid sirens heard in Tel Aviv, signaling possible rocket strike
01[12:30] {@Threei} Long Setup:  EBAY  .35 break
01[12:30] {@Threei}  If holds  .30
[12:32] {nemo} petm again
[12:32] {nemo} testing lows
01[12:42] {@Threei}  EBAY is valid
01[12:44] {@Threei} Long Setup:  FB  .75 break
01[12:44] {@Threei}  If holds  .65
01[12:47] {@Threei}  1:1
01[12:59] {@Threei}  Cosmopolitan: J.K. Rowling just wrote another story about Harry Potter
01[12:59] {@Threei}  yay...
[12:59] {nemo} my life was so bereft
[13:00] {nemo} she's probably jumping the shark with this one
01[13:00] {@Threei}  going to get better now
[13:40] {nemo} selling completely exhausted, no stocks on the weak side now
[13:42] {nemo} we probably close green
01[13:45] {@Threei}  easy
[13:46] {nemo} SPY went down and basically closed that gap and it was up from there
[13:46] {nemo} think the gap was .74 and it got to what, .76
[13:55] {spalqui} hello
01[13:55] {@Threei}  hi
[13:55] {spalqui} is there anyone there?
06[13:55] * nemo racks the slide
[13:55] {spalqui} how are you?
06[13:55] * nemo turns on laser
[13:55] {spalqui} This is the trading room chat right?
01[13:56] {@Threei}  see private essage
01[14:01] {@Threei} Long Setup:  YHOO  60 break
01[14:01] {@Threei}  If holds  .55
01[14:04] {@Threei}  .50 is more reliable support
01[14:04] {@Threei}  but we are in too ijactive time
01[14:04] {@Threei}  inactive
[14:17] {nemo} So, did I ever tell you about my Emergency Room Doctor friend and his gerbil story?
01[14:18] {@Threei}  no, but here is my new favorite photo
01[14:18] {@Threei}  https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-xap1/t1.0-9/10437560_10150388425744982_8457862513280799874_n.jpg
[14:18] {nemo} That's kinda like "If I promise to miss you, will you go away?"
[14:23] {nemo} like appl short here below .20?
[14:24] {nemo} nope
[14:28] {nemo} frickin' tempting
01[14:34] {@Threei}  gs!
01[14:34] {@Threei}  missed nice day
[14:34] {nemo} just call him Lloyd
01[14:35] {@Threei}  lol
[14:38] {goinshort} just got back in town
[14:42] {RonS}  lol...I don't blame the GOP for going to Cleveland. It's so hot in Dallas, Bill Clinton got in bed with Hillary, just to cool off
01[14:43] {@Threei}  lol
01[14:43] {@Threei}  cruel
01[14:51] {@Threei} Long Setup:  FB  .80 break
01[14:51] {@Threei}  If holds  .70'
01[14:55] {@Threei}  change to .60 break
01[14:55] {@Threei}  If holds  .50
01[15:00] {@Threei}  *(US) MAY CONSUMER CREDIT: $19.6B V $20.0BE
01[15:00] {@Threei}  (IL) Reportedly explosion heard in the area of Tel Aviv; said to be an intercepted rocket - press - Follow up: Air raid sirens now going off in Jerusalem, Haifa and the northern region of Israel, near Binyamina
01[15:00] {@Threei}  man...
[15:01] {nemo} that might not be good, what were the credit card debt comps
01[15:01] {@Threei}  (IQ) Pentagon official: US has increased suveillance flights over Iraq to about 50/day (from three dozen per day previously)
01[15:01] {@Threei}  - Total consumer credit annual rate +7.4% - Revolving credit +$1.79B; +2.5% annual rate - Non Revolving credit +$17.8B; +9.3% annual rate - Prior Consumer Credit revised lower from $26.85B to $26.1B
01[15:02] {@Threei}  I think Obama deserves one more Nobel prize
[15:02] {nemo} with the dynamite attached?
01[15:03] {@Threei}  no go FB
01[15:15] {@Threei} Long Setup:  IWM  .30 break
01[15:15] {@Threei}  If holds  .20
[15:16] {nemo} yeah, was looking at .18 break spy
[15:16] {nemo} iwm spy and finnies all had same setup
01[15:16] {@Threei}  wanted .25 initially, too bad didn't go for it
01[15:18] {@Threei}  FB rinse
[15:18] {nemo} probably a short here
[15:19] {nemo} guess so
01[15:20] {@Threei}  grrrr
01[15:34] {@Threei} Short Setup: FB  .65 break
01[15:34] {@Threei}  If holds  .75
01[15:36] {@Threei}  shrug...
01[15:36] {@Threei}  as much as I liked first half of the day...
01[15:42] {@Threei} Long Setup:  IWM  .30 break
01[15:42] {@Threei}  last try
01[15:48] {@Threei}  stop to .23
01[15:49] {@Threei}  ok
01[15:50] {@Threei}  our morning, their afternoon
01[15:50] {@Threei}  thank you all, have a good evening
01[15:50] {@Threei}  see you tomorrow
[15:50] {goinshort} cya all tomorrow - thanks
01[15:51] {@Threei}  take care gs