Wednesday, July 16, 2014

July 16 2014

TWTR 1:3 short - not too bad, after 1:3 on FB long earlier

With another 1:3 on JOY short and 1:2 on ESRX long, difficult to find any fault with this day.

Session Time: Wed Jul 16 00:00:00 2014
[08:41] {nemo} spy going for new alltime highs in the pre market
01[08:41] {@Threei}  and why not
[08:42] {nemo} just reporting, mine is not to reason why...
01[08:42] {@Threei}  I mean, any new scare they come up with looks nore and more ridiculous
01[08:42] {@Threei}  Portugal? shrug
[08:43] {dino} gm
01[08:43] {@Threei}  dino :)
[08:53] {dino} value added "william blair cut kors to market perform" this after it falls in 3 days from 92 to 79
01[08:53] {@Threei}  lol
[08:54] {nemo} DAX up 1.44%
[08:59] {nemo} what great jobs:  economist, weatherman, equity analyst
[09:00] {nemo} frickin' humid again here...swamp rot everywhere
[09:01] {nemo} TWX might be fun today, in a flossing with barbed wire kinda' way
[09:01] {dino} watching it
[09:01] {nemo} oh, so the sun rose this morning, duh
[09:04] {RonS} gm all, ever the churlish one...  :)
01[09:04] {@Threei}  ron :)
[09:04] {RonS} fyi:
[09:06] {RonS} ...and for those who have never been to CO:
01[09:07] {@Threei}  that's quite dry ron
[09:08] {RonS} ya, my back tends to itch in the winter...
[09:09] {RonS} someone sold 100k igt puts a couple of days ago:  criminal
[09:11] {RonS} dems won't allow Murdoch to buy twx (think Lois Lerner)
[09:12] {nemo}
[09:14] {nemo} spy decent volume this morning
01[09:17] {@Threei}  Upside:
01[09:17] {@Threei}  -TWX +15.4% (acquisition proposal from FOXA)
01[09:17] {@Threei}  -TNDM +12.1% (positive broker comments)
01[09:17] {@Threei}  -IGT +9.6% (momentum from GTECH acquisition)
01[09:17] {@Threei}  -INTC +5.1% (earnings, positive broker comments/price target increases premarket)
01[09:17] {@Threei}  -TXT +3.3% (earnings)
01[09:17] {@Threei}  -AAPL +2.1% (deal with IBM to create apps)
01[09:17] {@Threei}  -IBM +1.8% (deal with Apple to create apps)
01[09:17] {@Threei}  -ABT +1.7% (earnings)
01[09:17] {@Threei}  -JBHT +2.3% (earnings and guidance)
01[09:17] {@Threei}  -HCA +6% (raised guidance boosting sector)
01[09:18] {@Threei}  Downside:
01[09:18] {@Threei}  -ININ -22.2% (earnings, guidance cut)
01[09:18] {@Threei}  -TSM -4.1% (negative broker comments)
01[09:18] {@Threei}  -ARCC -2.8% (stock sale)
01[09:18] {@Threei}  -YHOO -2.1% (earnings, negative broker comments)
01[09:18] {@Threei}  -BAC -0.6% (earnings)
01[09:18] {@Threei}  -HSY -0.7% (guidance and price increases)
01[09:18] {@Threei}  -BIOA -16% (secondary)
01[09:18] {@Threei}  -POZN -6% (update on FDA acceptance of PA8140 NDA)
01[09:20] {@Threei}  quite a few
[09:20] {troub} good morning you all
01[09:20] {@Threei}  troub :)
[09:21] {nemo} it's like having a root canal every morning
[09:22] {nemo} damn....out of vodka again
[09:23] {RonS} fwiw: Delivering Alpha Conference starts today...will move some stocks...
[09:25] {RonS} so 3i, it averages 15 in of precip here/yr and that's w/ ave of 60" of snow
01[09:25] {@Threei}  huh
[09:26] {RonS} one of the reasons the skiing is so good...dry powder...
01[09:26] {@Threei}  right
[09:28] {RonS} thc pop on Humana contract i guess...
01[09:28] {@Threei}  yeah
01[09:28] {@Threei}  THC Signs New Multi-Year National Agreement with Humana
[09:28] {RonS} kors blood continues on downgrades...
[09:30] {dino} gap area 76.80s
01[09:31] {@Threei} Short Setup: FB  .40 break
01[09:31] {@Threei}  If holds  .50
01[09:31] {@Threei}  lol
01[09:31] {@Threei}  1:1
01[09:33] {@Threei} Long Setup:  IWM  115 break
01[09:33] {@Threei}  If holds  .95
01[09:34] {@Threei}  nope
[09:34] {nemo} it's looing for the pivot at .80
[09:35] {nemo} spy almost gap filled
[09:35] {nemo} yep
01[09:36] {@Threei} Long Setup:  FB  .30 break
01[09:36] {@Threei}  If holds  .20
01[09:36] {@Threei}  Invalidated
01[09:38] {@Threei}  change to .15 break
01[09:38] {@Threei}  If holds  .05
[09:38] {dino} added kors calls
01[09:39] {@Threei}  stop .07
01[09:39] {@Threei}  1:1
01[09:40] {@Threei}  1:2
[09:41] {dino} slca sm s .50
[09:41] {dino} bs hod
01[09:44] {@Threei}  1:3
01[09:44] {@Threei}  out
01[09:47] {@Threei} Long Setup:  IWM  .70 break
01[09:47] {@Threei}  If holds  .60
01[09:47] {@Threei}  Invalidated
[09:49] {dino} slca stop -.26
01[09:49] {@Threei} Long Setup:  IWM  .60 break
01[09:49] {@Threei}  If holds  .50
[09:50] {dino} lci smr l .80 gappy
01[09:50] {@Threei}  wow FB... out too soon
01[09:50] {@Threei}  1:6
[09:54] {dino} \lci stop .35
[09:54] {dino} pnc sm l .80
[09:54] {dino} slca rinsed
01[09:59] {@Threei}  *(US) JULY NAHB HOUSING MARKET INDEX: 53 V 50E
[10:02] {dino} lci smr l .63 pulp
[10:05] {dino} lci stop .35 -.28
01[10:05] {@Threei} Long Setup:  C  .50 break
01[10:05] {@Threei}  If holds  .45
[10:06] {nemo} muddy out there
[10:07] {RonS} that is humid
01[10:12] {@Threei}  Invalidated
[10:12] {dino} lci sm l .87 last try wide
[10:13] {nemo} you like hfc short .45 break?
[10:14] {RonS} joy buyout rumor...
[10:15] {dino} lci stopped, things broken
01[10:16] {@Threei}  HFC, yes
[10:16] {nemo} wow, you should go on the rubber chicken circuit
[10:16] {nemo} strong side filling out
01[10:17] {@Threei}  capitalize symbols if you want me to see your question sooner
01[10:17] {@Threei}  it's difficult to discern stock mention
[10:17] {nemo} Ja wohl mis ami
01[10:17] {@Threei}  and sin no more
[10:18] {nemo} huh?
[10:18] {nemo} what?
[10:18] {nemo} no way?
[10:18] {nemo} no sinning?
01[10:18] {@Threei}  yeah, that was overboard
[10:18] {nemo} How can I repent if I haven't sinned?
01[10:18] {@Threei}  sin less often?
[10:18] {nemo} excuse me?
01[10:18] {@Threei}  sigh
01[10:18] {@Threei}  go and sin
[10:18] {nemo} thanks
01[10:19] {@Threei}  and we want photos
[10:19] {nemo} that was Rasputin's line, btw
[10:19] {dino} live in sin, come on in
01[10:19] {@Threei}  ah, favorite movie
[10:19] {nemo} I love how they throw those dark pool stop hunts in
[10:20] {nemo} HFC bid/ask at .32/.33 all of a sudden a .41 transaction comes off out of fadf
[10:21] {dino} pnc to .29
01[10:21] {@Threei} Short Setup: TWTR  .35 break
01[10:21] {@Threei}  If holds  .45
[10:23] {dino} out pnc +.50
[10:24] {dino} kors waking up
[10:25] {nemo} .50 pivot
[10:25] {nemo} .46
[10:29] {nemo} .52 spy range
01[10:30] {@Threei}  stop to .41
[10:31] {nemo} ooh...was having quote server issues and didn't know it
01[10:31] {@Threei}  half out
01[10:31] {@Threei}  1:1
[10:33] {dino} adding lci calls
[10:35] {RonS}  Investor Relations: Nothing new released to account for the move in the stock - Source   JOY
[10:35] {nemo} no buying power again
[10:38] {RonS} which ones are nemo's ancestors?
[10:39] {dino} joy none avail edge
01[10:39] {@Threei}  1:2  TWTR
[10:39] {dino} gj
01[10:40] {@Threei}  [JOY] Financial blog that circulated earlier speculation of foreign firms bidding for JOY has now removed its earlier post; the post had cited a non-specific Swedish press source
01[10:40] {@Threei}  available for shorting here
[10:40] {RonS} also heard the server is in Panama...
01[10:41] {@Threei}  lol
[10:45] {dino} added joy puts
01[10:48] {@Threei}  1:3
01[10:48] {@Threei}  out
01[10:51] {@Threei}  1:4
01[11:03] {@Threei}  - Today is day two of Fed Chair Yellen's testimony before Congress, this time at the House of Representatives. Little new is coming out of the hearings. Yellen has reiterated that requiring the Fed to use a set, formal policy framework of rules would be a grave mistake.
01[11:04] {@Threei}  because, you know, it's bad to have predictable policy
01[11:04] {@Threei}  keep'rm guessing is the way to go
[11:11] {nemo} iwm looks short below .35
[11:12] {nemo} could be two way because SPY hasn't gotten to vwap yet
01[11:12] {@Threei} Short Setup: JOY  64 break hl
01[11:12] {@Threei}  If holds  .15
[11:15] {nemo} mmmhhh, VWAP is basically the 50 SMA on IWM
[11:16] {nemo} o.k. spy weakening a tad, should get 1:1
[11:17] {nemo} o.k.
01[11:18] {@Threei}  1:1
01[11:19] {@Threei}  1:2
01[11:21] {@Threei}  1:3
[11:29] {nemo} iwm stays under .20 looks lower
[11:34] {dino} for a rumor, joy holds in there, figured r3 target
[11:36] {RonS} lol...EU leaders could agree on broadest Russian sanctions yet as soon as today:
01[11:36] {@Threei}  I am holding my breath
[11:36] {nemo} well that's .50
[11:37] {RonS} scanner spitting solid opening range breakdowns...
[11:37] {nemo} should teach it better manners
[11:38] {RonS} ya, it was unusual...never seen it before
[11:39] {RonS} doing it again
01[11:46] {@Threei}  3 solid 1:3ers today
01[11:46] {@Threei}  no complaints
[11:49] {dino} gj
01[11:49] {@Threei}  ty
01[11:56] {@Threei}  According to it EU leaders could go beyond so-called "phase two" sanctions, which involve targeting individuals for travel bans and asset freezes. But it won't be all the way to "phase three", which constitutes sanctions on entire sectors of the Russian economy.
01[11:56] {@Threei}  not holding breath anymore
[11:57] {RonS} lol
01[11:58] {@Threei}  meanwhile, Russia wages unannounced war, sending columns of tanks and other heavy military equipment to rebels
01[12:04] {@Threei}  Russia set to reopen Soviet-era spy post on Cuba
01[12:04] {@Threei}  Russia has quietly reached a provisional agreement with Cuba on reopening a big Soviet-era base on the Caribbean island from which it spied in the United States, a Russian security source said on July 16.
[12:04] {dino} why not, obummer will simply scold him
01[12:05] {@Threei}  gives whole new meaning to the word "reset"
01[12:06] {@Threei}  remember the clip with Hillary horse-like roaring laughter while hitting red "reset" button with Lavrov?
01[12:06] {@Threei}  I hope they play it when election comes
[12:08] {RonS} freakin ridiculous...epa economy distortion:  Why importing coal from Russia is good for the U.S.
[12:08] {RonS}
01[12:09] {@Threei}  through the looking glass...
01[12:10] {@Threei}
01[12:13] {@Threei}  ah, here is the clip... very lady-like laughter:
[12:59] {RonS} hlf bleed
01[13:02] {@Threei}  10:13 [HLF] Pershing's Ackman planning to disclose results from a 2 year probe into the company next week - NY Post
[13:03] {dino} talking his book
01[13:03] {@Threei}  yeah, I guess no one suspects he will report everything is hunky-dory :)
[13:05] {nemo} indexes beginning to look short
[13:11] {nemo} rax
[13:11] {nemo} RAX short?
01[13:11] {@Threei}  chart's right, just a bit narrow
01[13:21] {@Threei}  missed great day, sami
[13:23] {nemo} esrx is short
[13:25] {sami_saeed} Hi!... I had a feeling today was going to be a good, Unfortunately I was stuck in meetings from 7-9
01[13:25] {@Threei}  life... always getting in the way
[13:25] {sami_saeed} Very true!.
[13:27] {nemo} mmmhhh, this could be two way
01[13:27] {@Threei} Long Setup:  ESRX  .80 break
01[13:28] {@Threei}  If holds  .70
[13:30] {nemo} iwm looks like long setup
01[13:32] {@Threei}  a bit late, wanted it near .50
01[13:37] {@Threei}  not very clear now
[13:38] {nemo} it's still #1 red on the algo though
[13:45] {nemo} spy looking long
[13:46] {nemo} esrx shut off, so the long may be on
[13:48] {nemo} should go to above 66
[13:48] {nemo} 66.60 a possibility
01[13:48] {@Threei}  1:1
[13:54] {nemo} stop to .85 for me
01[13:55] {@Threei}  1:2
01[13:59] {@Threei}  Beige book
[13:59] {nemo} yep
[14:02] {nemo} that roof on esrx may mean more downside
[14:02] {nemo} ual
[14:03] {nemo} sorry]
[14:03] {nemo} gonna hit all time highs in the spy, going for stops
[14:08] {dino} frc drop
[14:08] {dino} sm l .25
[14:11] {nemo} news?
[14:11] {RonS} may be related to the earnings call...
[14:11] {dino} stop .94 -.31
01[14:12] {@Threei}  (RU) Sweden PM Reinfeldt indicates support for the next round of sanctions on Russia ('level 3 ' sanctions); there are obvious differences amongst EU leaders about tightening sanctions
[14:13] {nemo} this area should be inflection point
[14:13] {nemo} next area is whole number
[14:14] {nemo} 51.80 confluence too
[14:15] {dino} all over the place
[14:15] {dino} good earnings
[14:15] {nemo} CEO shtupping the secretary?
01[14:15] {@Threei}  which would ne news how?
[14:16] {dino} good for him
[14:17] {nemo} ok 51.80-52
[14:18] {nemo} next is 200 day at .54
[14:19] {dino} sm l .83
[14:19] {nemo} wow, nice javelin catching
[14:19] {dino} lucky
[14:20] {nemo} dcc dino
[14:20] {dino} used your .80 supp as trig once under
[14:20] {nemo} ahhh
[14:20] {nemo} whoa
[14:21] {dino} yeah, bit f'up
[14:21] {nemo} trying for 200 day
[14:21] {dino} hit it
[14:22] {nemo} wow, just be something really bad
[14:23] {dino} ugly secretary
01[14:23] {@Threei}  secretary must be unhappy
[14:25] {nemo} 50.80 next
[14:25] {nemo} elow that you start getting into the "there be dragons" area
[14:27] {nemo} women and children overboard
[14:30] {dino} brutal on no news
[14:35] {nemo} what a beat down
[14:36] {dino} you finding any news?
[14:37] {nemo} 49.80-50.15 next level no news
01[14:37] {@Threei}  [FRC] Weakness attributed to cautious guidance regarding efficiency ratio on earnings conference call **NOTE: in its earlier release, FRC said the Bank's Q2 core efficiency ratio was 56.3%, compared to 58.9% for the prior quarter and 55.5% for the second quarter a year ago
[14:38] {nemo} shit, while I was watching this fiasco iwm .85 short was perfect
[14:39] {nemo} bid comes up, they should try to drop it out
[14:39] {nemo} yep
01[14:40] {@Threei} Long Setup:  IWM  .30 break
[14:40] {nemo} spy going back to VWAP
01[14:40] {@Threei}  If holds  .20
[14:40] {nemo} see if they can drop the bid out again
[14:41] {nemo} offer came down
[14:42] {nemo} wow next is 49.20
01[14:43] {@Threei}  half out
[14:43] {nemo} and here comes the uptick rule
[14:43] {nemo} bang
01[14:45] {@Threei}  1:1
[14:45] {dino} frc sm l .90
[14:47] {dino} stop .60 -.30
[14:48] {dino} last try sm l .50
[14:50] {dino} what the frc(k)
[14:50] {nemo} good one dino
[14:51] {nemo} this is gonna' be one of those rocket shots when it finally bottoms
[14:51] {dino} yeah, but costly trying to figure it out
[14:51] {nemo} yep
[14:51] {nemo} but I haven't got a long signal yet
[14:52] {nemo} notice they try to bottom, then they drop the bids to see if offers will follow
[14:52] {nemo} until that sequence changes, we keep going
[14:52] {nemo} now indexees coming in
[14:54] {nemo} 47.50 next chart level but no signals even close
[14:56] {dino} putting it to the july call holders
[14:56] {nemo} now they'll try to get it back to test that bottom
[14:57] {nemo} now we're geetting some attempt at buying
[14:58] {dino} sm l .50
[14:58] {nemo} same bid dropping sequence though
[14:59] {dino} stop .19
[15:00] {nemo} 49.40 first level
[15:05] {dino} can it do vwap?
[15:05] {nemo} it can, will it?  that resistance level is quickly reaching 49
[15:08] {dino} pos
[15:08] {RonS} sorry but lol
[15:09] {dino} 45 strike i guess
[15:09] {RonS} 120 mi sh outstanding...all trapped
[15:12] {dino} stc joy puts flat
[15:15] {nemo} they just keep pulling the bids
01[15:17] {@Threei} Short Setup: IWM  .30 break
01[15:17] {@Threei}  If holds  .40
[15:19] {dino} last try smr .46
[15:19] {nemo} not much for bids there
[15:20] {dino} going to jump big imo
01[15:20] {@Threei}  valid still
[15:20] {dino} stop is .99 on 300
[15:20] {nemo} sorry bud, roof at 48ish
[15:21] {dino} close at 50
[15:26] {dino} FRC me you little FRCer
[15:27] {RonS} lol
[15:27] {nemo} KY on the desk dino?
[15:27] {RonS} perfect
[15:28] {dino} 3 million shares last hour
[15:30] {nemo} why would anybody buy this time of day
[15:33] {dino} theres the 45s
01[15:45] {@Threei}  thank you all, very nice day
01[15:45] {@Threei}  have a great evening, see you tomorrow
[15:52] {dino} gn all