_______________________________________________
Ahead of the Close Market Snapshot
US Indices:
- Dow Jones -1.4%
- S&P500 -1.3%
- Nasdaq -1.4%
- "One step forward / two steps back" has been the trend over the past couple weeks. Industrials are leading the decline, followed by healthcare, services, and tech. Utilities are still the safe-haven with marginal gains.
Fixed-Income: Worries about the upcoming earnings season and a steady rise in volatility is shifting investor funds from equities to bonds in a big way. The Vix is near its 2014-highs approaching 17 level, while the 2-10 spread has also narrowed to approach its lowest level of the year. In European periphery, Greece 10-yr is another 21bps on top of the 11bp increase overnight.
- US 2-yr: -3bps at 0.50%
- 10-yr: -7bps at 2.35%;
- 30-yr: -7bps at 3.05%;
- 2-10 spread: -4bps at 1.84%
Energy:
- WTI Nov crude oil down about 20c to $88.74, approaching last week's lows just above $88 level; Short-term Outlook from EIA projecting "household expenditures for natural gas, heating oil, electricity, and propane to decrease this winter heating season compared with last winter, which was 11% colder than the previous 10-year average nationally."
Metals:
- Spot Gold $1,210/oz; Up for 2nd straight day and biggest 2-day increase since June 17-18th.
- Spot Silver $17.17/oz, retreating after testing a 1-week high around $17.60
- Dec Copper $3.03/lb; Flat despite the broad risk-off flow after a brief dip below $3.02 in early trade
Earnings at the close:
- YUM
Looking ahead to Asia:
- Shanghai Composite returns for trade
- Japan Current Account / Trade Balance (19:50ET)
- China HSBC Services PMI (21:45ET)
TradeTheNews.com
Session Time: Tue Oct 07 00:00:00 2014
[09:19] {troub} good morning
[09:19] {cosmo} so far...
01[09:19] {@Threei} troub :)
01[09:20] {@Threei} cosmo channeling nemo
[09:20] {cosmo} hmm
[09:20] {RonS} gm...the horror...
01[09:21] {@Threei} ron :)
[09:21] {cosmo} should i call my life coach?
[09:21] {jfjf64} morning all
01[09:21] {@Threei} jf :)
01[09:21] {@Threei} beter fire him
[09:21] {cosmo} her
01[09:28] {@Threei} Upside:
01[09:28] {@Threei} -ISR +25% (detailed successful use of Cesium-131 in stereotactic implant for inoperable brain cancer)
01[09:28] {@Threei} -EFOI +20% (won $7.9M order from the US Navy)
01[09:28] {@Threei} -GSAT +8.5% (statement in response to Kerrisdale Capital presentation)
01[09:28] {@Threei} -CAMP +7% (earnings)
01[09:28] {@Threei} -SIMO +7% (raised Q3 Rev guidance)
01[09:28] {@Threei} -OXGN +5% (presenting Phase 2 GOG1861 study at the Biennial meeting of the International Gynecological Cancer Society)
01[09:28] {@Threei} -FEYE +5% (launches mobile protection app for AAPL iOS, OS X, Android & MSFT mobile devices)
01[09:28] {@Threei} Downside:
01[09:28] {@Threei} -CBK -23% (cuts Q3 Rev guidance)
01[09:28] {@Threei} -EZPW -17% (cuts Q4 guidance to below prior range)
01[09:28] {@Threei} -SODA -17% (prelim Q3 op income $8.5M)
01[09:28] {@Threei} -TCS -15% (earnings)
01[09:28] {@Threei} -AGCO -8.3% (guides Q3 EPS $0.60-0.65 v $0.82e; cuts FY14 guidance)
01[09:28] {@Threei} -BBEP -5% (prices 14M shares at $18.64/shr)
01[09:28] {@Threei} -KCAP -4.3% (priced 3M shares of common stock)
01[09:28] {@Threei} -QRE -3.6% (negative broker commentary)
01[09:28] {@Threei} -LVS -3% (negative broker commentary)
01[09:31] {@Threei} SODA onteresting but spread is rather for dino
01[09:32] {@Threei} so's LVS
01[09:33] {@Threei} starts tightening though
01[09:33] {@Threei} Long Setup: IWM .80 break
01[09:33] {@Threei} If holds .70
01[09:35] {@Threei} not ready yet
[09:35] {jfjf64} vxx
01[09:35] {@Threei} LVS nice recovery
[09:41] {dino} gm
01[09:41] {@Threei} watching FB for pullback entry
01[09:41] {@Threei} dino :)
01[09:42] {@Threei} Long Setup: FB .20 break
01[09:43] {@Threei} change to .10
01[09:44] {@Threei} If holds 77
01[09:46] {@Threei} SPY can't find footing
[09:46] {nemo} between gap @.38 and .48
01[09:47] {@Threei} a lot of struggle
[09:47] {nemo} alot of bad news
01[09:49] {@Threei} half out FB
01[09:49] {@Threei} stop to .04
01[09:51] {@Threei} 1:1
01[09:52] {@Threei} finally... lid is off
01[09:58] {@Threei} dino, watching SODA?
01[10:00] {@Threei} *(US) OCT IBD/TIPP ECONOMIC OPTIMISM: 45.2 V 45.1E
01[10:02] {@Threei} Long Setup: LVS .65 break hl
01[10:02] {@Threei} If holds .55
01[10:05] {@Threei} meh
01[10:07] {@Threei} rinse... grrr
[10:07] {dino} i will 3i, r.e. sidetracked, have few minutes now
01[10:11] {@Threei} Short Setup: TWTR .40 break
01[10:11] {@Threei} If holds .50
01[10:14] {@Threei} 1:1
[10:25] {nemo} no weighty stocks on algo, and barely anything...looks choppy for awhile
01[10:27] {@Threei} Short Setup: FB .60 break
01[10:28] {@Threei} If holds .70
01[10:29] {@Threei} grr
[10:33] {nemo} LYB
[10:33] {nemo} oops late
[10:34] {nemo} Seller at 100
01[10:35] {@Threei} Short Setup: GLD .20 break
01[10:35] {@Threei} If holds .25
01[10:38] {@Threei} Invalidated
[10:44] {RonS} bbby
01[10:47] {@Threei} Long Setup: FB .85 break
01[10:47] {@Threei} If holds .75
01[10:48] {@Threei} Invalidated
01[10:51] {@Threei} Long Setup: FB .70 break
01[10:52] {@Threei} If holds .60
01[10:53] {@Threei} did it touch 1:1 or was that out of bounds print?
01[10:53] {@Threei} took my eyes off for a sec
[10:55] {nemo} looks like indexes might want to test vwap
01[11:03] {@Threei} Long Setup: VXX .35 break
01[11:03] {@Threei} If holds .25
01[11:08] {@Threei} Invalidated
[11:11] {dino} .
01[11:13] {@Threei} valid again
01[11:17] {@Threei} 1:1
[11:19] {dino} gj
01[11:19] {@Threei} ty... something should start worjking sooner or later :)
01[11:26] {@Threei} Short Setup: FB .40 breeak
01[11:26] {@Threei} If holds .50
01[11:33] {@Threei} nah
01[11:36] {@Threei} or yes
[11:41] {nemo} bounce here to vwap
[11:45] {dino} added some ccl calls
01[12:09] {@Threei} Long Setup: IWM .35 break
01[12:09] {@Threei} If holds .25
01[12:10] {@Threei} 1:1
01[12:12] {@Threei} again
01[12:12] {@Threei} same setup
[12:15] {nemo} could make an argument for spy short here
[12:16] {nemo} however lunch time, low volume could easily push it back to morning highs
01[12:17] {@Threei} yeah, up seems to be the way to go
[12:18] {nemo} the spy high is the weekly pivot
[12:18] {nemo} see all those tails last few minutes
01[12:22] {@Threei} everything just a scalp
01[12:22] {@Threei} gotta take off whole thing at 1:1
[12:22] {nemo} narrow range day
01[12:24] {@Threei} hmmm... third time? :)
01[12:32] {@Threei} another scalp
[12:40] {nemo} ahh, see the short to VWAP came through
01[12:40] {@Threei} Short Setup: FB .40 break
01[12:40] {@Threei} this time should be it
01[12:42] {@Threei} 1:1
[12:44] {nemo} you take it all at 1:1? ;-)
01[12:44] {@Threei} yeah
01[12:45] {@Threei} everything is a scalp
01[12:50] {@Threei} this time I might regret it
01[13:00] {@Threei} 1:2
01[13:05] {@Threei} 1:3
01[13:05] {@Threei} grrr
[13:33] {nathan} hi gents
01[13:33] {@Threei} hi nathan
01[13:33] {@Threei} FB death
01[13:33] {@Threei} watching for another short
01[13:39] {@Threei} Short Setup: FB 77 break
01[13:39] {@Threei} If holds .10
01[13:40] {@Threei} .10 was the best entry but missed it
01[13:43] {@Threei} 1:1
01[13:44] {@Threei} 1:2
01[13:47] {@Threei} closed balance on a trail
01[14:08] {@Threei} [HLF] Fox News's Gasparino: Herbalife is telling investors that the FTC will not shut down the company, expects some form of disciplinary action - tweet ***Chatter regarding potential FTC action against the company circulated after HLF hired Pamela Jones Harbour as Compliance and Privacy President. Harbour was a former FTC commissioner.
01[14:08] {@Threei} (US) Texas Health Officials: The Dallas Ebola patient remains in critical condition, continues to receive Chimerix's experimental treatment, Brincidofovir **Note: On Oct 6th, officials said the Dallas Ebola patient was receiving CMRX's drug Brincidofovir
01[14:24] {@Threei} Long Setup: VXX .50 break
01[14:24] {@Threei} If holds .40
01[14:28] {@Threei} 1:1
[14:29] {nathan} wow
01[14:30] {@Threei} 1:2
01[14:30] {@Threei} day becomes brighter and brighter
[14:33] {dino} gj
01[14:35] {@Threei} ty
[14:36] {nathan} great trade 3i
[14:36] {nathan} how did u "know" it was ready to explode? what was the clues?
01[14:37] {@Threei} no clues, didn't "know"
01[14:37] {@Threei} just a valid setup
01[14:38] {@Threei} come on nathan, you know how we trade :)
[14:38] {nathan} :-)
[14:38] {nathan} trade waht u c not what u think
[14:38] {nathan} ;-)
01[14:38] {@Threei} find anyone who claims he "knew" and there were secret clues, and I 'll show you an idiot or a fraud
[14:38] {nathan} hehehehe
[14:39] {nathan} spy looks like 2botton
[14:40] {nathan} time to short vxx?
01[14:45] {@Threei} Long Setup: FB .90 break
01[14:45] {@Threei} If holds .80
01[14:51] {@Threei} stop to .84
01[14:51] {@Threei} 1 cent to 1:1
[14:58] {nemo} indexes looking short
[14:59] {nemo} think 194 test coming
[15:06] {nemo} aapl looks like spy
[15:13] {nathan} today's a great example about how to spoil a day because of the greed
[15:13] {nathan} i had a day done to later...
[15:13] {nemo} nah...it's a great day because ese isn't here
[15:13] {nathan} hehehe
[15:14] {nathan} cya tomorrow
[15:14] {nemo} vaya con burro
[15:14] {RonS} ...piece of work...
[15:15] {nemo} de nada
[15:15] {RonS} lol
[15:15] {nemo} might be a puke day
[15:16] {nemo} just realized, I feel remarkably good for a Tuesday
01[15:29] {@Threei} Long Setup: IWM .30 break
01[15:29] {@Threei} If holds .20
[15:33] {dino} xiv sm l .01
01[15:33] {@Threei} half out
01[15:39] {@Threei} last scalp I guess
01[15:39] {@Threei} or double bottom for another one,...
01[15:41] {@Threei} tough call
01[15:41] {@Threei} Short Setup: IWM .20 break
01[15:41] {@Threei} If holds .30
01[15:44] {@Threei} half out
01[15:45] {@Threei} ok, closed on a trail
01[15:46] {@Threei} good afternoon, erasing morning stops and then some
01[15:46] {@Threei} thank you all, have a great evening
01[15:46] {@Threei} see you tomorrow
[15:53] {dino} i think we are negative on markets 10 of last 13 days
[15:54] {@Threei} yup
