Monday, August 18, 2014

Aug 18 2014

Gap-and-stall, not our market whatsoever. Add low volume, and you have a recipe for rinses, which is exactly what we got. One good trade on VXX in the morning, then a few shakeouts. Finishing in red, gotta change the strategy if this swamp-like action continues.

Session Time: Mon Aug 18 00:00:00 2014
[09:03] {dino} gm
01[09:04] {@Threei}  morning dino
[09:05] {nemo} what's the FDO DG news
01[09:05] {@Threei}  [FDO] CNBC's Faber: DG's initial bid likely to be rejected - Reminder: Earlier Dollar General confirms Proposal to Acquire Family Dollar for $78.50/shr in cash (approx 3% premium, 5% above offer from Dollar Tree}; total value $9.7B (including debt}
[09:11] {nemo} too funny, just heard about it on German radio
[09:12] {nemo} lotta' traffic jams around Munich
01[09:13] {@Threei}  why?
[09:13] {nemo} good question this time of day, it's 3:15 over there
[09:13] {nemo} I just listen to the streaming programming
[09:14] {nemo} They're doing area weather now
[09:14] {nemo} Now Turkey is pissed at the German version of the CIA about their spying
[09:17] {dino} lci
[09:21] {troub} good morning
01[09:21] {@Threei}  troub :}
[09:21] {RonS} gm
01[09:21] {@Threei}  ron :}
[09:21] {dino} lci
[09:21] {dino} opps
[09:25] {nemo} DAX gapped and napped
[09:25] {nemo} CPI tomorrow  we might too
01[09:29] {@Threei}  (EU} NATO Official: NATO will not try to base major combat forces in Eastern Europe, but is loooking to boost its presence in the region - There are no plans to declare Russia as NATO's main adversary - Putin has some short-term, tactical advantages, but the long term view favors the western powers
01[09:31] {@Threei} Short Setup: GLD  .70 break
01[09:31] {@Threei}  If holds  .80
01[09:32] {@Threei}  change to .75 break
01[09:32] {@Threei}  If holds  .82
01[09:35] {@Threei} Short Setup: TWTR  .25 break
01[09:35] {@Threei}  If holds  .32
01[09:35] {@Threei}  1:1
01[09:43] {@Threei}  VXX, watching for pullback entry
[09:47] {nemo} index short setups
01[09:48] {@Threei}  meh GLD
[09:52] {nemo} so much for those,
01[09:53] {@Threei} Long Setup:  VXX  28 break
[09:53] {nemo} spy gap fill
[09:56] {dino} lci sm l .20
[09:58] {dino} feye sm l .10
01[09:59] {@Threei}  change to .90
[09:59] {dino} car spike
01[10:00] {@Threei}  (US} Aug NAHB Housing Market Index: 55 v 53e (highest in 7 months} [early release on broken embargo]
01[10:00] {@Threei}  wow
01[10:00] {@Threei}  that was at 9:49
[10:04] {dino} feye stop .90, -.20
01[10:04] {@Threei}  GLD rinse
01[10:05] {@Threei}  VXX half out
[10:05] {dino} out lci flat
[10:08] {nemo} OXY looks short below .80
[10:08] {nemo} stop above .90
[10:12] {nemo} 1:1
[10:17] {nemo} 1:2
01[10:17] {@Threei}  nice
[10:18] {nemo} probably looking @.30s
[10:18] {nemo} Index short setups again, but not really excited about them
[10:20] {nemo} I think there must be something unknown going on in X
[10:21] {nemo} 1:3
[10:21] {nemo} stop .66
[10:21] {RonS} or known...Keystone
[10:22] {nemo} Oh jeez...they're bringing back the show "Equalizer" with Denzel Washington
01[10:23] {@Threei}  keystone?
[10:23] {RonS} pipeline
01[10:23] {@Threei}  X ias connected somehow?
[10:23] {nemo} I'd bet on a buyout
[10:23] {RonS} they don't build that with aluminum...
01[10:23] {@Threei}  1/4 more out VXX
01[10:24] {@Threei}  ah... lol
01[10:24] {@Threei}  stop .94
01[10:28] {@Threei}  trail stop to .99
[10:29] {mib_stillstanding} i am now in discussions but dont see anything
[10:29] {mib_stillstanding} now i see it. i guess it does not populate history
01[10:30] {@Threei}  if VXX makes it it 1:3,. should go futher
01[10:32] {@Threei} Short Setup: FB  .50 break
01[10:32] {@Threei}  If holds  .60
[10:33] {nemo} .40 bounce likely
01[10:34] {@Threei}  VXX makes its way to 1:3
01[10:37] {@Threei}  stop to .04
01[10:38] {@Threei}  closed
[10:39] {mib_stillstanding} still short FB?
01[10:39] {@Threei}  no, it went over .60
01[10:39] {@Threei}  see private message pleasr
[10:39] {mib_stillstanding} didn't it hit below .50 first?
01[10:40] {@Threei}  [10:32] {@Threei} If holds .60
01[10:40] {@Threei}  that's a condition for a stop placenment
01[10:40] {@Threei}  and see private message
[10:50] {nemo} Index short setups again with same caveat
01[10:51] {@Threei} Long Setup:  CAT  107 break
01[10:51] {@Threei}  If holds  .90
[11:01] {mib_stillstanding} I got one email only . it does not have any instructions on how to read calls. In addition the following are the effective dates 08/15/2034 08/22/2034 Free Signup $0.00
01[11:01] {@Threei}  that's not it
[11:01] {mib_stillstanding} I may not be alive by then
01[11:01] {@Threei}  there should be one more
01[11:02] {@Threei}  pleaser take this to private message
[11:02] {mib_stillstanding} no other email receivedafter todays registration.
[11:02] {nemo} Everyone thinks of changing the world, but no one thinks of changing himself. - Leo Tolstoy
[11:06] {troub} why change if you are perfect?
01[11:07] {@Threei}  really
[11:07] {nemo} where's my AR
[11:07] {troub} vad is that a ! or a ?
01[11:08] {@Threei}  !
01[11:11] {@Threei}  (FI} Finland Defense Min Lindberg notes that following the events in Ukraine, the Finland Govt has increased its military surveillance operations - Comments however that the threat to Finland has not increased
[11:11] {nemo} even if it has wtf they gonna' do about it
01[11:12] {@Threei}  no kidding
01[11:12] {@Threei}  (US} Interior Department sends draft proposal on drilling safety rules for the Arctic waters off Alaska's northern coast - The Hill (update} The rules are expected to "promote safe, responsibly and effective drilling activities...while also ensuring the protection of Alaska's coastal communities and the marine environment."
01[11:13] {@Threei}  - Markets are waiting with heightened expectations for Fed Chair Yellen's Jackson Hole speech, scheduled for 10:00ET am on Friday. Note also that the minutes from the last FOMC meeting will drop on Wednesday afternoon.
[11:14] {nemo} so much frickin' news this week
01[11:14] {@Threei}  . Few expect a major policy speech from Yellen - the theme of the meeting is the dynamics of the labor market - and some analysts have suggested there may even be attempts to dial back perceptions of a more hawkish tone at the FOMC.
[11:15] {cosmo} How 'bout a Jubilee for a change?
[11:16] {nemo} drinking alrady, ahhh...errr...ahem....Cosmo
[11:19] {cosmo} too early for communion...
[11:19] {cosmo} for me anyway...
[11:19] {nemo} oh jeez....a clergy fetish
01[11:20] {@Threei} Long Setup:  VXX  28 break
01[11:20] {@Threei}  If holds  .95
01[11:22] {@Threei}  need SPY to lose .20
01[11:22] {@Threei}  it's an important support
01[11:22] {@Threei}  if broken, we get a chance for a nice drop
01[11:30] {@Threei}  SPY's glued to the range, .20 - .40
[11:34] {nemo} Europe closes and we get a hiccup
01[11:52] {@Threei}  (IQ} Former Iraq Official Hashemi: Iraq may be on the edge of civil war and partition; just attacking ISIS will not solve all of Iraq's problems
01[12:04] {@Threei}  looks like breakout is coming
01[12:04] {@Threei}  let's see if we can catch IWM pullback
[12:14] {mib_stillstanding} spy bull flag going higher..
[12:15] {mib_stillstanding} if break...
01[12:15] {@Threei}  - NYSE volume 190M shares, about 15% below its three-month average; advancers lead decliners by 4.4:1. - NASDAQ volume 635M shares, about 13% below its three-month average; advancers lead decliners by 2.9:1
01[12:22] {@Threei} Long Setup:  IWM  .10 break
01[12:22] {@Threei}  hesitant call somewhat, I'd prefer a deeper pullback
01[12:23] {@Threei}  but seems not in cards
01[12:23] {@Threei}  If holds  115
01[12:32] {@Threei}  TSLA Herb Greenberg makes cautious comments on CNBC
[12:34] {RonS} that guy is a bozo
01[12:34] {@Threei}  Musk will eat him for breakfast
01[12:34] {@Threei}  change to 115 break
01[12:34] {@Threei}  If holds  .95
01[12:38] {@Threei}  let's do it SPY... break .45
01[12:38] {@Threei}  and run
01[12:38] {@Threei}  fly
01[12:38] {@Threei}  to the moon
01[12:49] {@Threei}  no flying observed
01[12:50] {@Threei}  meh
01[12:50] {@Threei}  out
[12:53] {nemo} IWM bounce maybe
01[12:57] {@Threei}  [AAPL] Purported technical schematics hint at inclusion of NFC technology in iPhone 6, indicates Apple making bigger move into mobile payments - tech blogs
[13:00] {mib_stillstanding} intersting that QQQ and AAPL diverging..
[13:01] {nemo} GOOG weak
[13:01] {nemo} should bounce 581 unless rug pull coming
[13:06] {nemo} VXX heading for resistance
01[13:20] {@Threei} Long Setup:  IWM  .90 break
01[13:21] {@Threei}  If holds  .83
01[13:21] {@Threei}  (OCD stop placement}
[13:39] {mib_stillstanding} froma tweet WORST OF THE YEAR VOL WARNING: NAZ VOL 328 mil after 60 - Gaps below in #markets. Pure drifting, be careful.
01[13:41] {@Threei}  that's why we are so inactive
[13:42] {dino} bingo
01[13:46] {@Threei}  sigh
[13:51] {nemo} well, at least I'm getting caught up on my soaps
[14:09] {goinshort} afternoon !
01[14:09] {@Threei}  hey gs
01[14:11] {@Threei}  still same .20 - .40 range
[14:11] {nemo} .18-.45
[14:12] {nemo} ;-}
01[14:15] {@Threei}  trying to out-OCD me?
01[14:35] {@Threei}  Russian humanitarian aid consists of mainly drinking water and salt
01[14:35] {@Threei}  sounds about right
01[14:35] {@Threei}  who doesn't need salt when bombs are falling around?
[14:36] {RonS} well, you are pissing your pants alot...losing salt...
01[14:36] {@Threei}  ah
01[14:36] {@Threei}  makes sense
01[14:39] {@Threei} Long Setup:  VXX  .10 break
01[14:39] {@Threei}  If holds  28
01[14:51] {@Threei}  Reportedly US court rules in favor of Enbridge on Sierra Club challenge of Flanagan South Pipeline project - press - The Illinois to Oklahoma pipeline carrying tar sands oil will be built mainly on private land and is thus the court rules is exempt from a full US environmental review.
[14:52] {dino} good
01[14:52] {@Threei}  interesting English too
01[14:52] {@Threei}  and is thus the court rules is exempt
[15:03] {RonS} leaving early...see you guys tomorrow
[15:03] {nemo} yeah, that
[15:03] {nemo} s enough of this
01[15:03] {@Threei}  take care ron
01[15:07] {@Threei}  I hate today
[15:07] {dino} same, gap big up and sit are not my market
01[15:07] {@Threei}  and today hates me I take it
01[15:08] {@Threei}  yeah, gap-n-stall
01[15:08] {@Threei}  what to trade when nothing moves
[15:12] {mib_stillstanding} trade nothing or find a stock with high momentum and trade retracement
[15:13] {mib_stillstanding} like I know what i'm talking about:}
[15:16] {dino} lo
[15:16] {dino} lol
[15:16] {dino} dog days of summer
01[15:16] {@Threei}  I have to say, this is the slowest August in wuite a while
[15:17] {dino} agree
01[15:18] {@Threei}  last attempt
01[15:18] {@Threei} Long Setup:  AAPL  .20 break
01[15:18] {@Threei}  If holds  .10
[15:19] {goinshort} gotta go -be back tomorrow - thanks
01[15:19] {@Threei}  if this one doesn't work, I eat my keyboard and send nemo a bottle of strichnine
01[15:19] {@Threei}  take care gs
[15:19] {dino} cya gs
[15:29] {mib_stillstanding} keyboard high in fiber
01[15:29] {@Threei}  what about protein?
[15:30] {mib_stillstanding} depends on what keyboard made of
01[15:30] {@Threei}  mine's bacon
01[15:30] {@Threei}  by design
01[15:30] {@Threei}  since I know I'll have to eat it now and then
01[15:31] {@Threei}  I guess no Santa this year:
01[15:31] {@Threei}  Russian far east farming reindeer to replace US meat
[15:33] {troub} they are going to eat Rudolph?
01[15:33] {@Threei}  sounds like that
01[15:37] {@Threei}  dino, you haven't found anything to tarde today?
[15:38] {dino} couple trades in a.m., that was it
01[15:38] {@Threei}  will switch to DKTK tomorrow if we get the same stalled market
[15:39] {dino} dktk?
01[15:39] {@Threei}  don't kid the kidder
[15:39] {dino} ahh
01[15:39] {@Threei}  fade standard setups or buy the rinse
[15:39] {dino} hard to stay awake last two weeks
01[15:41] {@Threei}  this does it
01[15:41] {@Threei}  bye bye keyboard
01[15:41] {@Threei}  ok guys, still hate today, let's have a nice evening and better day tomorrow
[15:41] {dino} enjoy it, perhaps w/russian salt
01[15:42] {@Threei}  certainly
01[15:42] {@Threei}  although I prefer hymalaiian
[15:44] {dino} calling it a day, gn
[15:46] {mib_stillstanding} bye