Thursday, September 4, 2014

Sept 04 2014

Another decent day, not without stops but with positive trades outweighing them nicely. A bit on a slow side today

Session Time: Thu Sep 04 00:00:00 2014
[09:09] {dino} gm
01[09:10] {@Threei}  dino :)
[09:12] {RonS} gm guys
01[09:12] {@Threei}  ron :)
[09:12] {nemo} aapl hit resistance
[09:13] {nemo} good spy volume this morning
01[09:14] {@Threei}  just gapped the wrong way {G}
[09:14] {nemo} http://goo.gl/LfdH8d
[09:14] {troub} good morning
01[09:14] {@Threei}  troub :)
[09:14] {nemo} I'll sign back in later...don't want to puke on my keyboard
01[09:15] {@Threei}  he is so sensitive...
[09:16] {RonS} lol
01[09:19] {@Threei}  oh, good morning nemo, how are you today? I trust you are just fine, and your day starts sunny
[09:22] {nemo} Vad, mailing a present off today for you to open at Xmas...just ignore the ticking sound
01[09:22] {@Threei}  oh thank you, this is so thoughtful!
[09:23] {nemo} yes, it's to help you in your spiritual transition
[09:23] {nemo} AAPL
[09:23] {nemo} looks short here
[09:23] {nemo} gonna' test .10
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -MITK +62% (settles USAA lawsuit)
01[09:24] {@Threei}  -BOLT +35% (being acquired by Teledyne for $22/shr)
01[09:24] {@Threei}  -MAGS +10% (earnings)
01[09:24] {@Threei}  -PVH +9% (earnings)
01[09:24] {@Threei}  -TIBX +7% (announces review of strategic alternatives)
01[09:24] {@Threei}  -NLNK +4% (receives FDA approval to proceed with Phase 1 trial of Ebola vaccine)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -MTRX -15% (earnings)
01[09:25] {@Threei}  -SMLP -5% (prices 4.35M unit upsized secondary at $53.88/shr - prev 4M units)
01[09:25] {@Threei}  -MEMP -4.5% (prices 13M offering at $22.29/shr)
01[09:25] {@Threei}  -MBLY -4.2% (earnings & FY guidance)
01[09:25] {@Threei}  -DDD -2.8% (cautious broker commentary)
01[09:25] {@Threei}  -NRF -2.6% (prices 45M offering at $18.40/shr)
01[09:25] {@Threei}  -YUM -2.6% (sees negative impact in China from bad publicity re food handling)
[09:26] {nemo} hit .11
[09:26] {nemo} needs to stay under .l45
[09:26] {nemo} .45
[09:26] {nemo} probably wick over .50 though
[09:32] {nemo} aapl downhill good for a buck
01[09:32] {@Threei} Long Setup:  FB  .90 break
01[09:32] {@Threei}  If holds  .80
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  nice AAPL call
01[09:36] {@Threei}  1:4
01[09:36] {@Threei}  quite a jump
[09:36] {dino} gj
[09:37] {dino} added mitk puts
01[09:38] {@Threei} Short Setup: FB  .30 break
01[09:39] {@Threei}  If holds  .40
[09:39] {nemo} this 40 area yesterday's vwap
[09:40] {nemo} I think .45 a possibility
01[09:44] {@Threei}  stop to .36
01[09:44] {@Threei}  1:1
01[09:45] {@Threei}  09:45 *(US) AUG FINAL MARKIT SERVICES PMI: 59.5 V 58.5E
01[09:45] {@Threei}  (US) Federal Reserve paper comments on unemployment; finds that much of decline in participation rate has been structural in nature
[09:46] {nemo} watch aapl 99.50ish
01[09:54] {@Threei}  kangaroo tail
01[09:54] {@Threei} Short Setup: AAPL  .50 break hl
[09:54] {nemo} damn
01[09:54] {@Threei}  If holds  .60
01[09:54] {@Threei}  1:1
[09:56] {nemo} SPY looks like short setting up
[09:56] {nemo} two way
01[10:00] {@Threei} Short Setup: FB  .55 break
01[10:00] {@Threei}  *(US) AUG ISM NON-MANUFACTURING: 59.6 V 57.7E
01[10:00] {@Threei}  If holds  .65
01[10:07] {@Threei}  no go
01[10:15] {@Threei} Long Setup:  TWTR  .20 break
[10:15] {nemo} oops
01[10:16] {@Threei}  If holds  .10
01[10:16] {@Threei}  1:1
[10:22] {dino} out sndk calls from tuesday, +1.26/+18%
01[10:23] {@Threei}  1:2
[10:26] {nemo} aapl short setting up
[10:26] {nemo} could go to 100.25ish
[10:28] {dino} scanners slow today
[10:30] {RonS} AMSC: American Superconductor trading halted, news pending
01[10:30] {@Threei}  [BP] US Federal judge rules BP was grossly negligent in 2010 Macondo GoM oil spill - financial press - BP disputes finding, claims that their errors don't satisfy threshold to be considered grossly negligent**NOTE: BP has already agreed to pay $13.7B in fines, but some reports about the current gross negligence trial have indicated that BP could face up to $18B in additional fines.- Follow up: RIG and HAL reportedly cleared of gross negligence claims in the Macando spill
01[10:31] {@Threei}  been a long while since we traded BP and RIG
01[10:43] {@Threei} Long Setup:  BO  .90 break
01[10:43] {@Threei} Long Setup:  BP  .90 break
01[10:43] {@Threei}  If holds  .80
01[10:45] {@Threei}  no go
[10:45] {nemo} whoa
[10:45] {nemo} they're open to big liabilities now
01[10:54] {@Threei} Long Setup:  TWTR  .40 break
01[10:54] {@Threei}  If holds  .30
01[10:57] {@Threei}  take half lot here
01[10:57] {@Threei}  aggressively
01[10:57] {@Threei}  to add haklf on .40 break
01[11:00] {@Threei}  stop for first half is .24
[11:07] {nemo} BP sprung a leak ...homage to Ron
01[11:09] {@Threei}  lol
01[11:10] {@Threei}  half out
01[11:11] {@Threei}  1/4 more out
01[11:11] {@Threei}  love those aggressive entries
[11:20] {RonS} apc pulp moves
01[11:20] {@Threei} Long Setup:  VXX  .45 break
01[11:20] {@Threei}  If holds  .38
01[11:31] {@Threei}  shorting SPY itself is probably better way than long VXX
01[11:31] {@Threei}  20 cents drop SPY, VXX barely upticked
[11:31] {nemo} tomorrow vxx
01[11:32] {@Threei}  why?
[11:32] {nemo} Friday more weekend risk
[11:32] {nemo} Draghi had kumbaya day
01[11:33] {@Threei}  yes but... why doesn't it move in closer tandem with SPY
[11:33] {nemo} related to options
[11:33] {nemo} no fear Thursday
[11:34] {nemo} Not a consistent correlation
[11:37] {nemo} spy should retrace to vwap from here
[11:40] {nemo} friggin' bp
[11:46] {nemo} Oy vay, Roadkill day for me
01[11:47] {@Threei}  half out VXX
01[11:53] {@Threei}  closed balance on a trail
01[12:09] {@Threei}  - Super Mario made a bold move to forestall Eurozone deflation this morning, cutting rates and teeing up an asset purchase program. Markets loved the news and European equity indices (with the exception of the FTSE) are up sharply and looking to close at their highs, while sovereign yield curves have steepen notably.
[12:11] {nemo} BP 44.80 area maybe
[12:28] {nemo} BP two way
[12:41] {nemo} BP
[12:43] {dino} clw spike
[13:34] {troub} .
[13:34] {dino} interesting point
[13:35] {troub} so said Custer
[13:43] {dino} slow day
[13:48] {nemo} market looking lower
[13:48] {nemo} would think spy wants to check out 201 again though
01[13:56] {@Threei} Short Setup: SPY  .80 break
01[13:56] {@Threei}  If holds  .90
01[13:56] {@Threei}  probably two-sided
[13:56] {nemo} I think it checks 201 first
01[13:57] {@Threei}  with this dried up volume, hard to tell, but it's a strong possibility
01[13:57] {@Threei}  so twi-sided
[13:58] {nemo} sheesh
[13:59] {nemo} is the VXX conscious?
01[13:59] {@Threei}  doesn't look this way
[14:00] {nemo} aapl weak putting pressure on RUT and Qxs
[14:00] {nemo} Qs
01[14:00] {@Threei}  something weird happens in Ukraine negotiations
01[14:00] {@Threei}  sides pre-announce tomorrow's cease-fire and peace sttlement talks
01[14:00] {@Threei}  but the conditions that Russia set can not be accepted by Kiev
01[14:02] {@Threei}  don't know, they might be trying to win some time to get support from NATO or regroup for a new threat, regular Russianarmy
01[14:02] {@Threei}  increased chatter of 9/11 attack though keeps market from getting all happy
01[14:04] {@Threei}  here comes 201
01[14:05] {@Threei}  anyway, half out here
[14:07] {nemo} hahahaha
[14:07] {nemo} sheesh
[14:07] {nemo} keep ur head on a swivel
01[14:08] {@Threei}  that's what partial/trail is for
01[14:08] {@Threei}  protects you from these sharp turns of destiny
01[14:09] {@Threei}  hmmm... nice new nick for nemo
[14:09] {nemo} ?
01[14:09] {@Threei}  sharp turn of destiny
[14:09] {nemo} bit cumbersome
01[14:10] {@Threei}  SToD then
01[14:10] {@Threei}  and be thankful it does include that small o
[14:10] {nemo} cute
01[14:10] {@Threei}  that's me... cute
06[14:11] * nemo faints
01[14:11] {@Threei}  hehe
01[14:32] {@Threei}  breakdown
01[14:32] {@Threei}  .80 break idea was right
01[14:36] {@Threei}  look at VXX
01[14:36] {@Threei}  woke up suddenly
[14:49] {nemo} indexes going for yesterday's lows
01[15:00] {@Threei}  no news
01[15:00] {@Threei}  sharp dive
01[15:10] {@Threei} Long Setup:  SHLD  .10 break hl
01[15:10] {@Threei}  If holds  33
01[15:19] {@Threei}  wow VXX
01[15:19] {@Threei}  I need nemo to explain this
01[15:21] {@Threei}  meh'
01[15:26] {@Threei} Long Setup:  IWM  116 break
01[15:26] {@Threei}  If holds  .90
01[15:38] {@Threei}  nah
[15:46] {dino} out mitk calls from earlier, +.30/+19%
01[15:47] {@Threei}  wtg
[15:47] {dino} ty
01[15:47] {@Threei}  ok guys, thank you, have a good evening
01[15:47] {@Threei}  see you tomorrow
[15:47] {dino} couldn't borrow so went puts
[15:49] {dino} hclp blood today, hit 69 few days ago, watching it
[15:51] {dino} calling it a day, gn all
01[15:51] {@Threei}  you too