Monday, July 14, 2014

July 14 2014

Calm low volume moderately profitable day - your basic gap'n'stall. Got nice 1:3 on CAT short, among others.

Session Time: Mon Jul 14 00:00:00 2014
[08:50] {nemo} iwm short .23 break
01[08:50] {@Threei}  look at GLD
[08:50] {nemo} wow
01[08:51] {@Threei}  "obsession, obsession..."
[08:51] {nemo} DAX ripping, how much is futures levitation, and how much is the WeltCup Meisterschaft
[08:52] {nemo} great picture from finals yesterday
[08:52] {nemo}
01[08:52] {@Threei}  not found
[08:52] {nemo} mmhhh, bummer
[08:53] {nemo}
01[08:55] {@Threei}  good timing
[08:57] {nemo} yeah, and think about it, how many days a year is that picture possible
01[08:58] {@Threei}  if you are local, you can track these things
01[08:58] {@Threei}  here are apps that show you exact time when certain angle appears
01[08:58] {@Threei}  for both moon and sun
[09:12] {cosmo} astrology now?
01[09:12] {@Threei}  lol
[09:13] {cosmo} i stand corrected :)
01[09:13] {@Threei}  new round of sanctions hit not even russian persons but rebels
[09:14] {nemo} FB
[09:14] {nemo} OP EX week too
01[09:14] {@Threei}  one of them said "awww, so after victory over Kyiv I won't be able to celebrate in Vienne?"
[09:15] {troub} Good morning you all
01[09:15] {@Threei}  troub :)
01[09:17] {@Threei}  sheesh GLD
[09:21] {cosmo} Si needs to hold 20.80
01[09:21] {@Threei}  Upside:
01[09:21] {@Threei}  -PGNX +12% (FDA approval of RELISTOR)
01[09:21] {@Threei}  -KNDI +9.7% (JV sales)
01[09:21] {@Threei}  -ICPT +6% (DB initiation)
01[09:21] {@Threei}  -C +4% (earnings)
01[09:22] {@Threei}  Downside:
01[09:22] {@Threei}  -HLIT -13% (prelim earnings)
01[09:22] {@Threei}  -GTAT -6.2% (broker commentary)
01[09:22] {@Threei}  -RVBD -4.7% (guidance cut for Q2 to the low end)
01[09:22] {@Threei}  -ABBV -2.5% (purchase offer for SHPG)
[09:24] {RonS} gm guys
[09:24] {nemo} well iwm didn't work, looks like new ath this week on spy
01[09:25] {@Threei}  ron :)
01[09:25] {@Threei}  dino is sleeping in after the trip?
[09:25] {RonS} caught in the polar vortex?
[09:25] {nemo} spy took back two overhead gaps
[09:27] {dino} gm
[09:28] {ese} gm
01[09:28] {@Threei}  dino, ese :)
01[09:28] {@Threei}  welcome back
[09:28] {ese} vad dino
[09:28] {dino} ty
[09:28] {ese} British Open week dino at Hoylake in Liverpool
01[09:29] {@Threei}  KNDI
01[09:31] {@Threei} Short Setup: FB  .10 break
01[09:31] {@Threei}  If holds  .20
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Short Setup: KNDI  .15 break hl
01[09:32] {@Threei}  If holds  .25
01[09:32] {@Threei}  Invalidated
01[09:33] {@Threei}  FB setup is back
01[09:35] {@Threei}  stop to .16
01[09:36] {@Threei}  half out
01[09:36] {@Threei}  stop .11
01[09:40] {@Threei} Long Setup:  C  .70 break
01[09:41] {@Threei}  If holds  .60
[09:42] {nemo} .25 spy range, nice
01[09:44] {@Threei}  no go
01[09:47] {@Threei} Long Setup:  GLD  .70 break
01[09:47] {@Threei}  If holds  .60
01[09:56] {@Threei}  .80 break should catapilt it
01[09:56] {@Threei}  catapult too
01[09:58] {@Threei}  half out
01[09:58] {@Threei}  stop .64
01[10:03] {@Threei}  to .69 now
01[10:09] {@Threei} Short Setup: FB  .55 break
01[10:09] {@Threei}  If holds  .65
01[10:10] {@Threei}  1:2  GLD
01[10:10] {@Threei}  .80 break did explode it
01[10:12] {@Threei}  no go FB
[10:12] {nemo} fb likely to run into earnings
[10:14] {dino} le spike
01[10:16] {@Threei}  [LEA] CNBC's Cramer mentions the company as a potential takeover target - Reminder: 07/10 TRW: Confirms receipt of acquisition proposal; evaluating other strategic alternatives
01[10:28] {@Threei} Short Setup: C  .40 break
01[10:28] {@Threei}  If holds  .50
01[10:30] {@Threei}  Invalidated
[10:32] {dino} uwm hl l .70
[10:36] {dino} out uwm .94, +.24
[10:40] {dino} prgo spike
01[10:59] {@Threei} Short Setup: CAT  .80 break
01[10:59] {@Threei}  If holds  .90
[11:15] {dino} twm hl l .58 stop lod
01[11:17] {@Threei}  1:1
[11:19] {nemo} mpc looks short
01[11:20] {@Threei}  - Fed Chair Yellen heads to Congress this week for her semiannual monetary policy report. She will address the Senate Banking Committee on Tuesday and the House Committee on Financial Services on Wednesday
01[11:21] {@Threei}  Analysts expect that Congressmen will press Yellen to acknowledge the improvement in the labor market and higher inflation trends. The New Yorker has published a lengthy profile of Yellen. Although there is little in the way of news in the piece, it does reveal that before the crisis Yellen (like Bernanke) did not believe the housing bubble was something that could crash the economy.
01[11:21] {@Threei}  of course she didn't
[11:24] {nemo} never short a dull market
[11:24] {nemo} jeez.. all the elon musk stocks on fire
[11:29] {dino} pa just approved tesla dealrships
01[11:30] {@Threei}  TSLA Hearing strength attributed to positive analyst comments noting reports this weekend that China is moving to require more alt energy vehicles to fight pollution
[11:30] {nemo} 5 of them
[11:32] {nemo} yeah, scty was up also, now coming in
01[11:36] {@Threei}  1:2
[11:37] {nemo} worth watching scty to see how far it retraces
[11:37] {nemo} more of a dino stock
[11:38] {dino} toughie
[11:38] {nemo} should be good for 5 or 10k shares from you
[11:39] {dino} i never trade that big
[11:39] {nemo} I know
[11:39] {nemo} did you buy the golf course last week
[11:39] {dino} no golf, took wife, daughter, and niece
[11:39] {nemo} wow, penance
[11:40] {nemo} anyway...these Musketeer stocks running on that tsla news
[11:40] {dino} lol, but after 3 days of beach, yes
[11:40] {nemo} did the thought of swimming for Africa cross your mind
[11:40] {dino} no, but cold beer did
[11:41] {nemo} that likely crossed your lips
[11:52] {ese} with record temps here in BC....that cold beer is very appealing
[11:52] {dino} indeed
[11:53] {dino} bit of cold front coming my way, highs in low 70s
[11:53] {troub} record temps like what?
01[11:53] {@Threei}  Port Alberrni had 36C yesterday
01[11:54] {@Threei}  Victoria 32
01[11:54] {@Threei}  thankfully not in my area
01[11:54] {@Threei}  at such temps I feel like gnawing at someone's throat
01[11:55] {@Threei}  closed CAT at 1:3
[11:55] {troub} 97F, right?
[11:55] {dino} gj
01[11:56] {@Threei}  yes
01[11:56] {@Threei}  this is very high for us
01[11:56] {@Threei}  island, ocean breeze everywhere
[11:57] {troub} how about humidity
[11:58] {nemo} he's got frickin' palm trees there
01[11:59] {@Threei}  not very high
[12:00] {troub} Gives me a mental picture of Vad in a lounger with Vodka in hand under the shade of Palms in front of his Igloo.
01[12:00] {@Threei}  lol
[12:00] {dino} igloo cooler, right
[12:05] {nemo} An NSA agent walks into a bar. Bartender says "I have a new joke for you." The NSA agent responds "Heard it."
[12:12] {dino} out twm .82, +.24
[12:13] {nemo} bbby looks short here
[12:16] {dino} edn drop
01[12:17] {@Threei} Short Setup: WMT  .60 break
01[12:17] {@Threei}  If holds  .65
[12:42] {nemo} kss drop of .20
[12:45] {nemo} stop to .26
[12:49] {nemo} UAL short
[12:50] {nemo} stop to .23
01[12:53] {@Threei}  good one
01[12:53] {@Threei}  look, CAT had even more downside in it
01[12:58] {@Threei}  watching IWM for pullback entry
01[13:02] {@Threei}  missed .50
01[13:08] {@Threei}  ugh... got away
[13:08] {nemo} doo sso break of 118
[13:08] {nemo} or .98
[13:08] {nemo} little thin
[13:08] {nemo} but not bad
[13:09] {nemo} kss stop to .19
[13:09] {nemo} looks like a db should just declare victory
01[13:13] {@Threei} Long Setup:  CAT  .25 break
01[13:14] {@Threei}  If holds  .15
[13:16] {nemo} finally
[13:16] {nemo} stop to .16
01[13:29] {@Threei}  1:1
[13:29] {nemo} kss to .12
01[13:29] {@Threei}  (2 min ago but I had to wake up to register the fact)
[13:33] {nemo} stop to .06
[13:37] {nemo} C looks short
[13:38] {sami_saeed} By C you mean CAT?
[13:39] {nemo} By "C" I mean "Citibank"
01[13:39] {@Threei}  no, dofferent stock
[13:39] {nemo} aapl too
01[13:39] {@Threei}  different
01[13:39] {@Threei}  CAT is Caterpillar, C is Citibank
[13:39] {nemo} you just wake up Vad?
[13:40] {sami_saeed} Thank you.
01[13:41] {@Threei}  actually no nemo, I never did today
[13:41] {nemo} oh
[13:41] {nemo} stop to .03
01[13:42] {@Threei}  move your butt CAT
[13:43] {dino} pcyc sm l .17
[13:46] {dino} damn, thought 100 would act as magnet
[13:53] {dino} pcyc stop .84 -.33
[13:55] {dino} pcyc sm s .87
01[14:07] {@Threei} Long Setup:  LVS  .15 break
01[14:07] {@Threei}  If holds  .05
[14:07] {nemo} nothing really clear out there
[14:16] {dino} cov pcyc .44, +.43
01[14:16] {@Threei}  Invalidated
01[14:16] {@Threei}  nice one dino
[14:17] {dino} ty
[14:25] {nemo} kss could be setting up for another short here
01[14:27] {@Threei} Short Setup: LVS  75 break
01[14:27] {@Threei}  If holds  .10
01[14:53] {@Threei}  let's trail to .06
01[15:10] {@Threei} Long Setup:  IWM  .80 break
01[15:10] {@Threei}  If holds  .70
01[15:14] {@Threei}  change to .70 break
01[15:14] {@Threei}  If holds  .60
01[15:17] {@Threei}  let's let it dive under .60 and look for entry
[15:17] {dino} why so sure it goes up?
[15:17] {nemo} indexes are in no man's land right now
01[15:18] {@Threei}  not sure in anything, just going with what happened most often lately
01[15:24] {@Threei}  ok, let's tek it here
01[15:25] {@Threei}  stop .54
01[15:25] {@Threei}  tek = take
[15:25] {nemo} it's the pinko's fault
[15:25] {ese} it is not my fault
[15:26] {ese} well maybe a little..............ok it totally is
[15:26] {nemo} We'll take a vote...All in favor of it being ese's fault, type "Eye"
[15:26] {ese} are you happy
[15:26] {nemo} ese, who are you talking to?
[15:26] {ese} you
[15:27] {ese} i naturally assumed the pinko comment was directed at me
[15:27] {RonS} type eye...perfect...ese spelling...
01[15:27] {@Threei}  ese, nemo doesn't know that we islanders are man-eaters... let's just wait till he decides to visit
[15:27] {nemo} it was, I was talking about your subsequent comment
[15:27] {ese} awesome.....nemo you thinking of visiting?
[15:28] {ese} cool....another shiskabob party!!!!!!!!!!!!!!!!!!!!
[15:28] {nemo} always, but my father can no longer be left alone
[15:28] {ese} ah
[15:28] {nemo} water, burners, medicine, etc
[15:29] {nemo} have two doctor's appointments tomorrow
[15:30] {dino} you're a good son handling all that
[15:30] {nemo} my liver can't take it
[15:30] {ese} second that dino
[15:31] {ese} lol......thats the right approach
[15:31] {nemo} yeah, probably can't get through a metal detector anymore
[15:32] {dino} did that for my grandfather for years, unfortunately, it didn't matter, in the end the hired help conned him out of everything
[15:32] {nemo} watch spy break of .55
01[15:32] {@Threei}  1:1
[15:33] {dino} bma spike
[15:45] {nemo} this may be the second lowest spy volume day I've tracked
[15:52] {dino} calling it a day, gn all
01[15:53] {@Threei}  take care dino
[15:53] {nemo} so, your basic gap and nap
01[15:53] {@Threei}  closing IWM balance here
01[15:54] {@Threei}  got the pullback entry right for thos closing trade
01[15:54] {@Threei}  thank you all, have a great evening
[15:54] {nemo} yes, just talking about overall index movement
01[15:54] {@Threei}  see you tomorrow
[15:54] {nemo} .40 range all day
01[15:55] {@Threei}  yeah