Thursday, August 7, 2014

Aug 07 2014

Not our day even though we did a lot to repair initial stops. Remedied most of the loss, finished one good trade away from getting in black.

Session Time: Thu Aug 07 00:00:00 2014
01[09:07] {@Threei}  (IQ) France calls emergency meeting of UN Security Council to discuss situation in Iraq
01[09:08] {@Threei}  dino, missed a few very good days actually
01[09:09] {@Threei}  despote it being august
01[09:09] {@Threei}  o=i
[09:10] {RonS} gm...3i been on fire
01[09:11] {@Threei}  ron :)
[09:12] {dino} figured as much. good to be back
01[09:12] {@Threei}  :)
01[09:22] {@Threei}  Upside:
01[09:22] {@Threei}  -SAAS +17% (earnings)
01[09:22] {@Threei}  -HZNP +15% (earnings)
01[09:22] {@Threei}  -CST +14% (announced acquisition General Partner of Lehigh Gas Partners LP)
01[09:22] {@Threei}  -MCP +14% (earnings)
01[09:22] {@Threei}  Downside:
01[09:22] {@Threei}  -THOR -26% (earnings)
01[09:22] {@Threei}  -BWC -10% (earnings)
01[09:22] {@Threei}  -RNDY -9.2% (earnings)
01[09:22] {@Threei}  -ANN -8.5% (lower SSS & Rev guidance than estimated)
01[09:22] {@Threei}  -SD -6.6% (earnings)
01[09:22] {@Threei}  -MPEL -5.5% (earnings/weighing on other Macau related names)
[09:25] {troub} good morning
01[09:25] {@Threei}  troub :)
01[09:26] {@Threei}  man, you were so right about leaving to miss best trades...
01[09:26] {@Threei}  1:5 VXX, easy to execute, and over in 8 minutes
[09:27] {troub} maybe should try assumed name.  maybe nemo2
[09:27] {nemo} great...frickin' stalkers now
01[09:28] {@Threei}  just be omen
[09:28] {nemo} got my attack bunny to protect me
01[09:28] {@Threei}  want to sic him on ese?
[09:28] {nemo} WAG
[09:28] {nemo} yeah, gnaw off his fingers so he can't drum
[09:29] {nemo} that rabbit has teeth I'll tell ya'
[09:29] {nemo} when she yawns it's a scary sight
01[09:30] {@Threei} Short Setup: FB  .90 break hl
01[09:30] {@Threei}  If holds  73
01[09:30] {@Threei}  Invalidated
01[09:33] {@Threei} Long Setup:  WAG  60 break hl
01[09:33] {@Threei}  If holds  .85
01[09:35] {@Threei}  Invalidated
01[09:35] {@Threei}  for now
01[09:37] {@Threei} Short Setup: FB  73 break
01[09:37] {@Threei}  If holds  .10
01[09:37] {@Threei}  wow... third invalidation
[09:37] {nemo} WAG long off .50
[09:39] {RonS} better than third ugh...
01[09:39] {@Threei}  lol, yes
01[09:43] {@Threei} Long Setup:  VXX  .30 break
01[09:43] {@Threei}  If holds  .20
01[09:46] {@Threei}  no go
01[09:47] {@Threei}  rinse
01[09:48] {@Threei}  nervous trading this morning, gotta switch to pullbacks
[09:48] {nemo} no buying anywhere
01[09:48] {@Threei} Short Setup: FB  .20 break
01[09:48] {@Threei}  If holds  .30
01[09:50] {@Threei}  grrr
01[10:00] {@Threei} Long Setup:  CAT  .80 break hl
01[10:00] {@Threei}  If holds  .70
01[10:04] {@Threei}  what the deuce today
[10:04] {nemo} indecision
[10:04] {nemo} chop chop chop
[10:04] {nemo} no breakout breakdown plays
[10:04] {nemo} IMO
[10:04] {nemo} and we know what that is worth
01[10:06] {@Threei}  another rinse
01[10:06] {@Threei}  sheesh
[10:09] {nemo} almost nothing on the algo, slightly more red, no momentum whatsoever out there
[10:14] {dino} athm sm l .75
[10:17] {RonS} nemo the cat?  pic.twitter.com/t0FmIQV8wn
01[10:17] {@Threei} Long Setup:  VXX  .15 break
01[10:17] {@Threei}  If holds  .05
01[10:18] {@Threei}  this just has to work, or I am going to a monastery
[10:18] {nemo} no
[10:18] {nemo} you're going to the IRon Maiden
01[10:18] {@Threei}  lol ron
[10:20] {nemo} Funny, guy walking his dog today on a leas
[10:20] {nemo} leash
[10:20] {nemo} about 40 feet behind him I see this cat  walking
[10:21] {nemo} guy walks on I kinda' call to the cat, it kinda' comes over
[10:21] {nemo} guy continues walking
01[10:21] {@Threei}  monastery it is
[10:21] {nemo} he gets about 50 yards away and turns around
[10:21] {nemo} calls to the cat
[10:21] {nemo} cat comes running
[10:21] {nemo} The cat walks with him when he walks the dog
[10:21] {nemo} funny sight
01[10:22] {@Threei}  cat thinks they walk the dog together
[10:23] {dino} sni drop
[10:24] {RonS} exel l 4.15
01[10:33] {@Threei} Long Setup:  CAT  103 break
01[10:33] {@Threei}  If holds  .90
01[10:36] {@Threei}  1:1
01[10:36] {@Threei}  even blind squirrell...
01[10:36] {@Threei}  can fell the oak once in a while
01[10:38] {@Threei}  from this remark, try to determine what business company's in:
01[10:38] {@Threei}  Fienberg: Since the claims process started in the last week, we have processed 115 claims, about half of them are death claims, the others are for bodily injuries
[10:40] {dino} life
01[10:44] {@Threei}  that's GM
01[10:45] {@Threei}  no news for this sudden slloff
[10:45] {nemo} nobody bought the indexes up so they sold a bit
01[10:46] {@Threei}  say, if market spiked, would you modify that to "nobody sold, so.."?
[10:46] {nemo} my point, no continued upward momentum in a downtrend, so buying stopped
01[10:46] {@Threei}  if answer is yes, you are ready for analyst job
[10:47] {nemo} indexes couldn't break the range overhead, go to theo other side in the chop
01[10:47] {@Threei}  dino... nemo goes "added value camp" on us
[10:48] {dino} lol
01[11:00] {@Threei} Long Setup:  IWM  .80 break
01[11:00] {@Threei}  If holds  .70
[11:01] {RonS} hearing Putin presser coming 12:30
01[11:02] {@Threei}  I doubt he announces his resignation
01[11:02] {@Threei}  change to .70 break
01[11:02] {@Threei}  If holds  .60
01[11:04] {@Threei}  hmmmm... I just found out why nemo would never survive in Victoria, probably no longer than a day or two
[11:04] {nemo} people are too nice?
01[11:04] {@Threei}  Victoria is found to be third friendliest city in the world, and friendliest in NA
01[11:05] {@Threei}  I think you'd just suffocate here
01[11:05] {@Threei}  although... there is ese... you could just take it out on him
01[11:05] {@Threei}  Invalidated  IWM
[11:06] {RonS} where is ese anyway?
[11:06] {nemo} molesting students
01[11:08] {@Threei}  should be around... haven't alerted me of any time off
01[11:08] {@Threei}  strike is still on
01[11:11] {@Threei} Long Setup:  IWM  .55 break
01[11:11] {@Threei}  If holds  .45
01[11:13] {@Threei}  Invalidated
01[11:16] {@Threei} Long Setup:  IWM  .40 break
01[11:16] {@Threei}  If holds  .30
01[11:17] {@Threei}  this time should trigger
01[11:18] {@Threei}  and run
01[11:18] {@Threei}  fly
01[11:18] {@Threei}  to the moon alice
01[11:20] {@Threei}  1:1
01[11:20] {@Threei}  that's not moon yet, don't stop
01[11:21] {@Threei}  .80 is moon
01[11:26] {@Threei}  oh well
01[11:26] {@Threei}  that was all she had
[11:41] {RonS} Mexico passes final rules to open oil industry to private firms: http://bloom.bg/1pcJwCj
01[11:42] {@Threei}  oil is so dead
[11:43] {RonS} ?
01[11:44] {@Threei}  price wise
01[11:44] {@Threei}  downward pressure is inevitable
01[11:45] {@Threei}  from many factors, including the repetition of Reagan's manoeuvre to strip Russia of financial footing
[11:48] {nemo} Mexico been talking that way for awhile
[11:48] {nemo} Their oil industry is a bureaucratic dumping ground
[11:48] {RonS} ya, but now it's done...
[11:48] {nemo} their production has been falling for years
[11:49] {RonS} yep...need to suck in a lot of investment so they can nationalize it again in 10 years...
[11:49] {nemo} yeah and BOHICA the investors
[11:52] {nemo} on oil...frickin' refiners have cut production to keep gas prices up
[11:58] {RonS} Putin to address Russian nation in a speech described as emergency
01[12:03] {@Threei}  I think it will be a talk about mutual sanctions
01[12:04] {@Threei} Long Setup:  FCX  .20 break
01[12:04] {@Threei}  If holds  .10
01[12:04] {@Threei}  market drops as if expects war announcement
01[12:04] {@Threei}  won't happen yet
01[12:16] {@Threei}  (IQ) Obama Administration is reportedly mulling possible military airstrikes on ISIS/Islamic State positions in northern Iraq -
01[12:19] {@Threei}  no go
01[12:35] {@Threei} Long Setup:  VXX  .25 break
01[12:35] {@Threei}  If holds  .15
01[12:36] {@Threei}  1:1
01[12:36] {@Threei}  1:2
01[12:38] {@Threei}  finally something decent
01[12:38] {@Threei}  doesn't make day positive but takes some sting off
01[12:55] {@Threei} Long Setup:  IWM  .30 break
01[12:55] {@Threei}  If holds  .20
01[13:03] {@Threei}  come on SPY, go to .60
01[13:03] {@Threei}  which should push IWM to .50
01[13:03] {@Threei}  then we will see about more
[13:03] {nemo} watch for spy short setup there
01[13:03] {@Threei}  no way
[13:03] {nemo} .50 actually
01[13:04] {@Threei}  it wants .80
[13:04] {nemo} went for the stops below yesterday
[13:04] {nemo} s low
[13:04] {nemo} it it's still weak, it'll stop here
01[13:05] {@Threei}  1:1
01[13:14] {@Threei}  SPY behaves, IWM lags
01[13:22] {@Threei}  just a scalp again
01[13:32] {@Threei}  now it goes
01[14:14] {@Threei} Long Setup:  VXX  .75 break
01[14:14] {@Threei}  If holds  .65
01[14:16] {@Threei}  1:1
01[14:17] {@Threei}  1:2
[14:21] {dino} gj
01[14:22] {@Threei}  ty
01[14:23] {@Threei}  slowly digging out of morning hole
[14:24] {dino} benn there
01[14:25] {@Threei}  anyone claiming he hasn't is a liar or never traded :)
[14:25] {nemo} I'm from Crete
[14:26] {nemo} WAG
01[14:26] {@Threei}  1:3
01[14:26] {@Threei}  done
01[14:26] {@Threei}  one more like this and we'll be back in black
01[14:35] {@Threei}  wow
01[14:35] {@Threei}  underestimated
[14:36] {RonS} wow, have never seen it so dark during the day here...solar lights are on in the yard...epic thunderstorm...dangerous because you cannot see if there is a funnel
[14:37] {RonS} oh no, now hailing
[14:37] {RonS} wife is at the daughters
[14:37] {RonS} sounds like am in a shooting gallery
01[14:38] {@Threei}  wow
[14:40] {RonS} gutters in total overflow
[14:41] {RonS} some hail quarter sized
[14:48] {RonS} hail gone, rain to shower...moved to pound the east...Little Dry Creek (next to house) went from nothing to 4' across
01[14:49] {@Threei}  quite disturbance, lol
[14:49] {RonS} ...that's Colorado..."if you don't like the weather just wait 5 minutes"
[14:50] {RonS} hope the wife was not on the road...
01[15:10] {@Threei} Long Setup:  IWM  .10 break
01[15:10] {@Threei}  If holds  111
[15:15] {nemo} spy in the gap to .35
01[15:16] {@Threei}  nah
[15:27] {dino} another 80 pts april gap fill dji
01[15:46] {@Threei}  ok guys, thank you all
01[15:46] {@Threei}  have a good evening, see you tomorrow