Friday, July 18, 2014

July 18 2014

Catch of the Day, nice and easy 1:3 on IWM 

Very nice day overall, slow but steady, finishing with 1:2 AAPL short. 

Session Time: Fri Jul 18 00:00:00 2014
[08:43] {dino} gm 3i
01[08:49] {@Threei}  morning dino
01[08:58] {@Threei}  Malaysia airline is about done
01[09:02] {@Threei}
01[09:06] {@Threei}  [HLF] Independent Herbalife Members Demand Opponents Stop Lies and Smears Herbalife will hold a press conference during the Herbalife Extravaganza in Chicago in order to take a stand against the continuing campaign of attacks and misinformation being waged by Bill Ackman and Pershing Square Capital Management
[09:08] {RonS} gm...that chimp w/ a gun post was very apropos...
01[09:08] {@Threei}  ron :)
[09:16] {nemo} sndk and kors look long, as do the indexes
[09:17] {troub} good morning
[09:17] {nemo} do something about that, will ya' Vad
01[09:17] {@Threei}  troub :)
01[09:19] {@Threei}  oh god
01[09:20] {@Threei}  the same family that lost two members in flight 370 disappearance, lost another two in yesterday's crash
01[09:21] {@Threei}  Angela Merkel: Talk of Russia sanctions after Malaysia Airlines plane crash in Ukraine 'premature'
01[09:22] {@Threei}  frau Ribbentrop
[09:22] {nemo} vxx dropping like a stone
[09:23] {dino} can't keep this bull down
[09:23] {nemo} only game in town
01[09:25] {@Threei}  YHOO gap is meek
01[09:25] {@Threei}  leeping an eye for short
01[09:25] {@Threei}  l=k
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -GTIV +12.0% (rejection of KND offer, positive broker comments)
01[09:26] {@Threei}  -ICLD +10.3% (announced new FY14 business backlog of more than $23M)
01[09:26] {@Threei}  -SWKS +9.3% (earnings)
01[09:26] {@Threei}  -REGN +9.2$ (positive 2-year Phase 3 VIVID-DME Trial of EYLEA (aflibercept) Injection results)
01[09:26] {@Threei}  -ERIC +7.7% (earnings)
01[09:26] {@Threei}  -PBR +5.0% (Chinese interest in Brazil oil, gas, petrochemicals)
01[09:26] {@Threei}  -GOOG +3.6% (earnings)
01[09:26] {@Threei}  -EWZ +3.4% (Brazil July Industrial Confidence/Inflation numbers)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -RP -23.6% (earnings)
01[09:27] {@Threei}  -NQ -22.8% (dismissal of PwC as auditor, new auditor is Bernstein & Pinchuk LLP)
01[09:27] {@Threei}  -AMD -17.1% (earnings)
01[09:27] {@Threei}  -CX -2.6% (earnings)
01[09:31] {@Threei} Short Setup: YHOO  .15 break
01[09:31] {@Threei}  If holds  .25
01[09:36] {@Threei}  no go
01[09:40] {@Threei} Long Setup:  FB  .70 break
01[09:40] {@Threei}  If holds  .60
01[09:40] {@Threei}  two-sided
01[09:42] {@Threei}  VXX decent bounce
01[09:48] {@Threei}  sheesh FB
01[09:49] {@Threei} Long Setup:  IWM  .70 break
01[09:49] {@Threei}  1:1
01[09:51] {@Threei}  1:2
01[09:51] {@Threei}  1:3
01[09:52] {@Threei}  out
[09:56] {dino} added sndk calls
01[10:12] {@Threei} Short Setup: HLF  .50 break hl
01[10:12] {@Threei}  If holds  .65
[10:16] {dino} hubg drop
01[10:17] {@Threei}  1:1
[10:24] {nemo} VXX likely to be a long this afternoon
01[10:28] {@Threei}  (UR) Germany Chancellor Merkel: If it is found that a missile attack brought down the Malaysia airlines passenger plane, would constitute a grave escalation of the crisis
01[10:28] {@Threei}  wow, really?
01[10:34] {@Threei} Long Setup:  WMT  .60 break
01[10:34] {@Threei}  If holds  .50
[10:37] {dino} hubg smr l .45 hooker
[10:39] {cosmo} plane was off course, of course
01[10:41] {@Threei}  well, not as much as flight 370
01[10:46] {@Threei}  1:1
[10:52] {cosmo} just enough to get into a war zone...
01[10:56] {@Threei}  1:2
[11:05] {dino} aapl smr l .90
01[11:06] {@Threei}  [GLW] Forbes piece speculates that GLW could be an attractive takeover target - Cites the company's relatively depressed market value and high free cash flow yield as attractive to a buyer.
[11:06] {nemo} wonder who paid to plant that
[11:06] {dino} glw did
01[11:07] {@Threei}  hehe
[11:07] {nemo} cynic
[11:08] {dino} aapl to flat
[11:13] {dino} odd, nus crushed but not hlf
[11:14] {dino} out aapl .96, +.06
[11:19] {RonS} nus got a bac downgrade
[11:20] {dino} hubg stop .09 -.36
[11:23] {dino} kors smr l .97
01[11:37] {@Threei}  1:3
01[11:37] {@Threei}  out
01[11:37] {@Threei}  good boy WMT
[11:43] {dino} gj
01[11:46] {@Threei}  ty
01[12:03] {@Threei}  "The word "genius" isn't applicable in football. A genius is a guy like Norman Einstein."
01[12:03] {@Threei}  --Joe Theisman, NFL football quarterback & sports analyst.
[12:03] {cosmo} he's thinking of a different Norman
01[12:07] {@Threei}  (UR) President Obama: At least one US citizen died in MH17 crash, evidence indicates plane was shot down by a surface-to-air missile fired from an area controlled by Russia-backed separatists - We know that these separatists have received a steady flow of support from Russia - This was an "outrage of unspeakable proportions" - There must be an immediate ceasfire in Ukraine - Russia continues to support separatists and has not used its influence to help stop the violence - Would be too soon to assume the 'intentions' of those who fired the missile - US has the capacity to increase sanctions against Russa and is ready to do so, there is no military role for the US in Ukraine - Israel has the right to defend itself, but concerned about risk of escalation in Gaza conflict
[12:09] {nemo} too funny I place a short order and an order appears just ahead of me as soon as I push the button
01[12:11] {@Threei}  time to find that camera in your office
[12:11] {nemo} algo's on different feeds from the SIP
[12:13] {nemo} they're seeing my order before it goes through the SIP and gets posted
[12:18] {dino} kors stop
01[12:46] {@Threei}  Merkel: France must suspend delivery of Mistrals to Russia
01[13:03] {@Threei}  watching VXX for pullback entry
[13:10] {nemo} there was your pullback
01[13:10] {@Threei}  hmmm
01[13:10] {@Threei}  no
01[13:10] {@Threei}  should be a bit deeper one
01[13:10] {@Threei}  it's too early for a full-out drop
[13:11] {nemo} not for a Friday
[13:11] {nemo} when there is geopolitical tensions
[13:11] {nemo} are
01[13:11] {@Threei}  is... it's all ope thing
01[13:11] {@Threei}  one
[13:17] {nemo} should get to .30ish
[13:19] {nemo} buy under 28?
01[13:19] {@Threei}  I'd prefer closer to .90
01[13:20] {@Threei}  too high risk of a rinse otherwise
01[13:20] {@Threei}  ideally, drop under .90 and byt on recross
[13:20] {nemo} .92 breakout area
01[13:24] {@Threei}  ok
01[13:24] {@Threei} Long Setup:  VXX  .90 break
01[13:24] {@Threei}  If holds  .80
[13:27] {nemo} sob
01[13:27] {@Threei}  who? why?
[13:28] {dino} its working
[13:28] {nemo} jumped my order
[13:28] {nemo} not used to seeing it jump like that
[13:28] {dino} had bs in at .90, in at .899
[13:29] {nemo} oh a stop order?
[13:29] {dino} yes buy stop
01[13:29] {@Threei}  1:1
[13:30] {nemo} should be able to ride this for the rest of the afternoon
[13:30] {dino} added some calls in other account
[13:30] {nemo} vwap run anyway
01[13:30] {@Threei}  I will call this entry a perfect example of patience, thoughtfullness and, if I weren't as modest as I am, I'd call it wisdom
[13:31] {nemo} how's the shoulder?
[13:31] {dino} messing w/the trading gods
01[13:31] {@Threei}  :)
[13:31] {nemo} may I recommend an overdose of morphine?
01[13:31] {@Threei}  YES!!
01[13:31] {@Threei}  please
[13:31] {nemo} it'll kill my pain
01[13:31] {@Threei}  even if I take it?
01[13:32] {@Threei}  damn, this is one srious overdose
[13:32] {nemo} that's the point
01[13:33] {@Threei}  it wasn't until I got a kidney stone that I had a chance to appreciate just how far modern painkillers go... I could spend the rest of my life in that state, lol
01[13:36] {@Threei}  so, what do you call it when you know for sure, see it with your own eyes, can touch it - that something happened, and are being told right in your face that it didn't?
01[13:36] {@Threei}  Russian Defense Ministry: Russian military equipment, including Buk systems, not crossed border at Ukrainian section
[13:36] {nemo} the pain of marriage causes flight hallucinations
[13:36] {nemo} anywhere  but there
[13:37] {nemo} vxx wasn't supposed to do that
01[13:38] {@Threei}  (US) Panel of US judges have reportedly voted in favor of early release of some drug offenders from federal prisons - press - Congress can block the measure, but unblocked could lead to more than 45K prisoners being released by the end of the year next year - Reminder: on 1/30 DoJ said to be considering commuting the sentences of individuals convicted of low level drug charges
01[13:40] {@Threei}  english translation of the recprding I listened to yesterday appeared
01[13:40] {@Threei}
01[14:21] {@Threei}  so much for our theories, eh nemo? :)
[14:21] {nemo} yeah, well one theory deserves another
[14:22] {nemo} bull market
[14:28] {nemo} we're less than a buck from all time spy highs
[14:29] {dino} they are going to take this market to 20k before this bull dies
[14:29] {dino} one and two day corrections are all it gives up
[14:29] {nemo} well next year is the traditional retrace in a president's second term
[14:31] {dino} world is going to hell, but no fear in markets
[14:31] {nemo} and with interest rate's this low, no other game in town
[14:31] {nemo} Eh, it's not that bad
[15:02] {dino} ns drop
[15:03] {dino} smr l .08
[15:06] {nemo} wouldn't it be funny if we hit all time highs today
[15:07] {nemo} less than .60 away
01[15:09] {@Threei}  probably not, but doesn't smell like selling either
[15:10] {nemo} not a sign of selling on the algo
[15:11] {nemo} 90+ % of the available universe spoken for  93 stocks on strong side 23 on weak
[15:19] {nemo} looking like gap up Monday if no major news this weekend
01[15:21] {@Threei}  very much so
01[15:21] {@Threei}  although with all the tensions all over the world, I weouldn't want to carry any positions over the weekend
01[15:21] {@Threei}  anything's possible
[15:21] {nemo} they're hanging this on that plane, nothing else out of the ordinary going on
01[15:22] {@Threei}  Israel
01[15:22] {@Threei}  ISIS
[15:22] {nemo} that's not new
[15:22] {dino} problem is, most of the moves lately are gaps
[15:22] {nemo} Middle East has always been a cesspool
[15:22] {dino} not in, tough to play
01[15:22] {@Threei}  not new but dgree of tension changes, and right now it's very hgih
01[15:22] {@Threei}  yes dino... but still, better than to get caught on the wrong side
[15:23] {dino} ms stop .95 -.13
[15:24] {dino} don't know 3i, the wrong side only lasts a day
[15:24] {nemo} well, vxx will tell us if anybody is worried going into the weekend
[15:25] {dino} trying to get exposure for it through calls
[15:27] {dino} rise day for me, aapl, hubg, ns
[15:28] {dino} opps, rinse day
[15:28] {nemo} use conditioner myself
01[15:32] {@Threei} Short Setup: AAPL  ..37 break
01[15:32] {@Threei}  If holds  .45
[15:33] {nemo} BREAKING: Portugal's Banco Espirito Santo says it can't meet obligations, asks to be placed under 'controlled management'
[15:33] {nemo} if this doesn't do anything, go long
[15:34] {RonS} straight jacket?
01[15:35] {@Threei}  lol
[15:35] {nemo} that news isn't moving the market
[15:35] {dino} nobody cares about anything anymore
[15:35] {nemo} nope
[15:35] {dino} no fear
01[15:35] {@Threei}  it was at 14:49
01[15:36] {@Threei}  why would it move market now
01[15:36] {@Threei}  also... think of it this way
[15:36] {nemo} every dip is bought, look at spy daily, can't even drop the upper 3rd of the channel
[15:36] {nemo} the vxx isn't moving
[15:36] {nemo} no fear, nobody buying puts
01[15:36] {@Threei}  EU threw money at Greece, Portugal, Ireland and whatnot, to save itself,
01[15:36] {@Threei}  why would it be any different this time
[15:37] {nemo} didn't say it would be different
01[15:37] {@Threei}  someone else goes banrupt? it's not like they are going to say "oh well, OK, let's go home"
[15:37] {nemo} just stating..that bank is going under and the market doesn't care
01[15:37] {@Threei}  market doesn;t care for exactly this reason
01[15:37] {@Threei}  it knows it will be saved
01[15:38] {@Threei}  cover half AAPL
01[15:38] {@Threei}  stop to .41
01[15:43] {@Threei}  coveryin in full
01[15:44] {@Threei}  +.20
[15:44] {dino} gj
01[15:45] {@Threei}  ty, decent day
[15:45] {nemo} considering it was a grinder
[15:45] {nemo} any comments Ron?
[15:45] {dino} neg here
[15:45] {RonS} good week here ...ty guys
[15:45] {nemo} you sick Ron?
[15:46] {dino} ron, you're not posting trades anymore, why?
[15:46] {nemo} he's falling of on his Ronisms
[15:47] {nemo} so the 50 SMA is the IWM top
01[15:56] {@Threei}  OK guys, thank you all
01[15:56] {@Threei}  have a great weekend, see you Monday, unless world falls apart
01[15:57] {@Threei}  in which case see you Tuesday when they fix it
[15:59] {dino} gn all