Thursday, July 10, 2014

July 10 2014

Not too shabby, right after 1:2 on FB. Overall, 100% day - not too bad for mid-summer market.

Session Time: Thu Jul 10 00:00:00 2014
[09:02] {nemo} DAX still dropping
01[09:02] {@Threei}  SPY too
[09:02] {nemo} yeah, just bounced at 195
[09:03] {nemo} S4 daily on spy is 194.93  you don't get there too often, but the ranges have been tight of late
[09:04] {nemo} S4 daily on IWM is 114.39, it's already through that
[09:04] {nemo} 28.80 is R4 on VXX
01[09:11] {@Threei}  (DE) US intelligence station chief at Embassy in Berlin has been expelled and asked to leave - press - Note: Germany Chancellor Merkel today has been speaking at length about her concerns about the spying allegations unearthed by the Snowden revelations
[09:12] {troub} good morning you all
01[09:12] {@Threei}  troub :)
[09:15] {RonS} gm guys
01[09:16] {@Threei}  ron :)
[09:21] {goinshort} morning all
01[09:21] {@Threei}  gs :)
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  - AMRE +14.5% (acquisition offer from Regency Centers)
01[09:24] {@Threei}  - FTD +8.8% (no news seen)
01[09:24] {@Threei}  - CWH +6.9% (Stifel raises to Buy)
01[09:24] {@Threei}  - IMMR +7.2% (announces multi-year license agreement with Huawei)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  - LL -22% (guidance, downgrades)
01[09:25] {@Threei}  - PBPB -19.9% (lowered guidance)
01[09:25] {@Threei}  - SPRT -9.0% (Phase II eteplirsen trial update)
01[09:25] {@Threei}  - WDFC -7.5% (earnings)
01[09:25] {@Threei}  - TSCO -5.5% (lowered guidance to low-end of range)
01[09:25] {@Threei}  - PXLW -5.5% (profit-taking following Apple TV rumors)
[09:27] {ese} gm
01[09:27] {@Threei}  ese :)
01[09:30] {@Threei}  SRPT serious bleeding
[09:31] {ese} whats caused this drop in the mrkt?
[09:31] {nemo} take your pick bad bank Portugal, bad economic news europe, ISIS got their hands on uranium
01[09:32] {@Threei}  Portuguese banking concerns mostly
01[09:32] {@Threei} Long Setup:  FB  .40 break
01[09:32] {@Threei} Long Setup:  FB  .30 break
01[09:32] {@Threei}  If holds  .20
01[09:33] {@Threei}  stop .24
01[09:34] {@Threei}  1:1
01[09:34] {@Threei}  1:2
[09:34] {ese} missed bmy bounce......melanoma drug
01[09:37] {@Threei} Long Setup:  SRPT  .15 break hl
01[09:38] {@Threei}  lol
01[09:38] {@Threei}  1:3
01[09:38] {@Threei}  good luck getting it though
01[09:39] {@Threei}  that was one large bounce
01[09:47] {@Threei} Long Setup:  TWTR  .75 break
01[09:47] {@Threei}  If holds  .65
01[09:48] {@Threei}  1:1
01[09:52] {@Threei}  1:2
01[09:53] {@Threei}  1:4
01[09:53] {@Threei}  out
[09:59] {ese} L bmy .78
[09:59] {nemo} remarkably quiet for such a drop
[10:00] {ese} Ya...for sure
[10:04] {ese} L bmy .74 avg .76
[10:11] {ese} 1:1
[10:11] {nemo} basically nothing on the algo
[10:13] {ese} my screens not showing much either
[10:14] {nemo} you still have that picture of Marx as wallpaper?
[10:14] {ese} indeed....twice the size now
01[10:14] {@Threei}
01[10:15] {@Threei}  extended version:
[10:15] {ese} nice looking fellow
01[10:18] {@Threei} Short Setup: FB  .60 break
01[10:18] {@Threei}  If holds  .70
[10:19] {nemo} spy looks breakoutish
01[10:20] {@Threei}  Vehicle production in Ukraine in June down by three times on May
01[10:20] {@Threei}  considering what kind of vehicles those are, it's a very good thing
01[10:20] {@Threei}  Invalidated
[10:22] {ese} bmy 1:2
[10:22] {ese} out .98 +.22
[10:22] {ese} good enough
01[10:24] {@Threei}  dino actually missing not a bad week
01[10:28] {@Threei} Short Setup: IWM  .75 break
01[10:28] {@Threei}  Invalidated
[10:30] {nemo} only 13 stocks on the algo
[10:30] {nemo} that's ridiculous
[10:30] {nemo} nothing is moving
01[10:31] {@Threei}  valid again
01[10:31] {@Threei}  same setup
01[10:32] {@Threei}  .75 break if stays under .85
[10:32] {RonS} how Putinesqe:  China agrees to reduce FX intervention "as conditions permit"
01[10:32] {@Threei}  lol
01[10:36] {@Threei}  let;s trail to .81
01[10:38] {@Threei}  half out
01[10:38] {@Threei}  stop .76
01[10:38] {@Threei}  1:1
[11:02] {ese} cya'll tomorow for a bit......have a great rest of the day.
01[11:14] {@Threei}  hilarious series titled "One second before..."
01[11:14] {@Threei}
01[11:14] {@Threei}  some captions are priceless, too bad no english translation
01[11:14] {@Threei}  if you name the number of the one you like, I'll translate
01[11:35] {@Threei} Short Setup: FB  .65 break
01[11:35] {@Threei}  If holds  .75
01[11:35] {@Threei}  Invalidated
01[11:47] {@Threei}  - Ugly events in Europe have freaked out global markets this morning, as participants collectively experience Eurozone crisis flashbacks
01[11:48] {@Threei}  - Portugal's largest bank, Banco Espirito Santo, is in the crosshairs this morning. Trading in shares was suspended this morning after a wealth management affiliate delayed payments on debt and Moody's downgraded the firm. The yield on Portugal's 10-year note surged to 4%, the highest since early April, and two Spanish banks were forced to suspend bond sales
01[11:49] {@Threei}  - In addition to the events in Portugal, French manufacturing plummeted 2.3% in May, while output dropped 1.7%, far worse than expectations. Italian industrial output declined 1.2%, the largest drop since November 2012.
01[11:49] {@Threei}  in short, nemo's dream coming true
01[11:49] {@Threei}  last thing left is Yellowstone blowout
[11:50] {RonS} lol
01[11:50] {@Threei}  I am ashamed to say but I find myself more and more in agreement with him :)
[12:37] {nemo} mmmhhhh
01[12:47] {@Threei} Short Setup: SLW  .30 break
01[12:47] {@Threei}  If holds  .37
[12:48] {nemo} slw just showed up weak on the algo
01[12:49] {@Threei}  {---- algo
[12:49] {nemo} loco maybe
01[12:49] {@Threei}  can't I be both?
01[12:57] {@Threei}  1:1
01[12:57] {@Threei}  see? algo
01[12:57] {@Threei}  even if loco
[12:57] {nemo} gg coming up weak now
06[12:57] * @Threei is now known as Loco Algo
[12:58] {nemo} Ukranian of Mexican descent
01[13:00] {@Threei}  correction: Agnostic Jew of Mexican descent from Ukraine
01[13:01] {@Threei}  how's that for a diabolical mix?
[13:01] {nemo} that's more augmentation then correction
01[13:01] {@Threei}  I disagree
[13:01] {nemo} I don't care
01[13:02] {@Threei}  I like to correct but not to augment
[13:02] {nemo} the only thing you changed was the agnostic descendent of Abraham
01[13:03] {@Threei}  and do have in mind: those who disagree will be used as first line of defense when Yellowstone blows up - they will be shoved in the volcano to stop lawa flow
[13:03] {nemo} I'll be in Tibet
[13:05] {nemo} So, IWM basically opened on the 50 day, retested, and hasn't looked back
[13:07] {cosmo} Is Yellowstone an agnostic depository?
[13:07] {nemo} largest active volcano in the world
01[13:07] {@Threei}  no, it's nemos depository
[13:07] {nemo} if it goes, we do
01[13:07] {@Threei}  agnotics will be the ones doing the shoving
[13:08] {cosmo} I just hope its painless
01[13:08] {@Threei}  don't
[13:08] {nemo} fat frickin' chance
[13:08] {nemo} it'll be a cosmic bohica
[13:09] {cosmo} its just gonna fissle
[13:09] {cosmo} for a few hundred years...
[13:11] {cosmo} big bangs are over rated
[13:12] {RonS} wife been saying that for years?
01[13:13] {@Threei}  lol
[13:14] {cosmo} my wife?
[13:15] {cosmo} I wonder...
[13:22] {nemo} well looks like the markets think it's purely a European problem
[13:41] {RonS} nemo, you there?
[13:41] {nemo} no
[13:42] {RonS}
[13:42] {nemo} hehehe
01[13:42] {@Threei}  lol
[13:44] {RonS} saw "deep throat" in packed 400 person auditorium at college...when Lovelace did the deed the gasps from the females drowned the soundtrack...hilarious
[13:45] {nathan} hi gents
01[13:45] {@Threei}  hey nathan
[13:45] {nathan} just came to say hi and wish a good summer
01[13:46] {@Threei}  thanks, you too
[13:46] {nathan} are u going to be around the whole summer
[13:46] {nathan} no vacations?
01[13:46] {@Threei}  what's the point in summer vacastion
[13:46] {nemo} what does that word mean?
[13:46] {nathan} :-)
01[13:46] {@Threei}  winter, maybe, to get to the warmer climes
01[13:47] {@Threei}  summer is beuatiful here
[13:47] {nathan} it looks like
[13:48] {nathan} i mean "trading  vacation"... because of the rithim, low volume...
01[13:48] {@Threei}  we are at 100% today
01[13:48] {@Threei}  with 1:2 and 1:4
[13:48] {nathan} gj nice to hear
01[13:49] {@Threei}  don't listen to itsalloverers
01[13:49] {@Threei}  they sing this song for years
[13:50] {nathan} right
[13:51] {nathan} I'll be back this august, hopefully. We're going to the mountains for a few weeks
01[13:51] {@Threei}  climb carefully
01[13:51] {@Threei}  if you see volcano erupting, shove someone else in it to stop lawa flow
[13:51] {nathan} :-)
[13:52] {nathan} take care
[13:52] {nathan} u 2 nemo ;-)
[13:53] {nemo} peace and quiet
[13:53] {nathan} havent seen u this year running in front of the bulls in san fermines
[13:54] {nemo} I'm a bit old for Pamplona
[13:54] {nemo} besides, after having gone to a bull fight, I root for the bulls
[13:55] {nathan} :-)
[13:55] {nathan} well take u 2 man
[13:55] {nathan} take care
[13:55] {nemo} actually, the one I went to, the matador got launched into the stands
[13:55] {nathan} hehehehe
[13:55] {nemo} I still have the ticket somewhere around
[13:56] {nemo} It was near the Costa Brava
[13:56] {nathan} have u been there?
[13:56] {nemo} yep
[13:56] {nemo} loooooong time ago
[13:57] {nemo} too many jelly fish
[13:57] {nemo} made the mistake of drinking the water
[13:57] {nemo} rough coupla' days
[13:57] {nathan} hehe
[13:58] {nemo} beautiful though
[13:58] {nathan} oh yeah! there's a spot where we used to go, called Cadaques...
[13:58] {nathan} pretty nice place
[13:58] {nathan} If u ever come again...
[13:58] {nathan} nice to visit & stay
[13:59] {nemo} was living in Germany at the time, turns out lotsa' Germans were there
[13:59] {nemo} some of them did not belong in bathing suits
[13:59] {nathan} not in cadaques... they use to get drunk in other places, like calella, Tossa...
[14:00] {nemo} yeah, can't remember exactly where I stayed
[14:04] {nathan} c u soon
01[14:04] {@Threei}  take care nathan
01[14:36] {@Threei}  CNBC mentions unusual activity in Cynk technology (ticker: CYNK) over the past few days, have found 1 employee, the CEO, who indicates he is no longer associated with the company
01[14:36] {@Threei}  lol
01[14:41] {@Threei} Short Setup: GLD  .65 break
01[14:41] {@Threei}  If holds  .75
01[15:19] {@Threei}  1:1
01[16:02] {@Threei}  thank you all
01[16:02] {@Threei}  100% day
01[16:02] {@Threei}  have a good evening, see you tomorrow