Friday, October 10, 2014

Oct 10 2014

A few stops, a few nice wins - last VXX trade for 1:5 saved the day making it profitable one. Overall, very nice week. Then again, October was always our strongest month.






[09:00] {cosmo} pre market healing into the open...
[09:00] {cosmo} me thinks
01[09:01] {@Threei}  so far...
[09:17] {dino} gm
[09:17] {troub} good morning
01[09:18] {@Threei}  dino, troub :)
[09:24] {RonS} ohayou gozaimasu...a little nippy out there...
01[09:24] {@Threei}  which language is that?
[09:24] {RonS} japanese
01[09:25] {@Threei}  cool... I need to learn that
[09:25] {cosmo} Formula 1 is in Russia this weekend...fwiw
01[09:26] {@Threei}  on tanks?
[09:26] {jfjf64} morning all
01[09:27] {@Threei}  jf :)
[09:27] {cosmo} They almost sound like tanks this year...
01[09:28] {@Threei}  SPY tried to gap and slid back to close
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -APT +35% (Ebola momentum)
01[09:28] {@Threei}  -EXAS +34% (reimbursement pricing for Cologuard at high-end of expected range)
01[09:28] {@Threei}  -SCMP +20% (settled patent litigation in US over AMITIZA)
01[09:28] {@Threei}  -LAKE +17% (Ebola momentum)
01[09:28] {@Threei}  -ALXA +17% (updated ADASUVE US commercial progress)
01[09:28] {@Threei}  -OBCI +17% (Ebola momentum)
01[09:28] {@Threei}  -CVEO +9% (Greenlight Capital disclosed 9.99% active stake)
01[09:28] {@Threei}  -INFY +6% (earnings)
01[09:28] {@Threei}  -ISIS +5% (reported ISIS-SMN Rx Phase 2 studies in infants & childen)
[09:28] {RonS} mtw man it got whacked
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -PKY -25% (lowered H2 FY14 guidance)
01[09:29] {@Threei}  -SZMK -14% (issued Q3 guidance and announced management changes)
01[09:29] {@Threei}  -MTW -14% (cut guidance)
01[09:29] {@Threei}  -VOXX -12% (earnings)
01[09:29] {@Threei}  -MCHP -10% (announced prelim Q2 numbers)
01[09:29] {@Threei}  -MBLY -6.6% (in sympathy with TSLA announcement downturn)
01[09:29] {@Threei}  -TSLA -5.5% (Model D announcement)
01[09:29] {@Threei}  -JNPR -5% (guided Q3 lower)
01[09:30] {@Threei} Short Setup: DAL  .70 break
01[09:30] {@Threei}  If holds  .80
01[09:31] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:34] {ese} mornin
01[09:34] {@Threei}  ese :)
[09:38] {nemo} nothing like a .45 1 min bar in the spy
[09:38] {dino} wow sndk
[09:38] {nemo} look intc
01[09:39] {@Threei} Short Setup: FB  .20 break
01[09:39] {@Threei}  If holds  .30
[09:40] {RonS} sndk prob off mchp report...
01[09:41] {@Threei}  no go
01[09:43] {@Threei} Short Setup: CCL  .20 break
01[09:43] {@Threei}  If holds  .30
01[09:43] {@Threei}  disregard
01[09:44] {@Threei}  wriong symbol
01[09:44] {@Threei} Short Setup: RCL  .90 break
01[09:44] {@Threei}  If holds  50
[09:45] {dino} sndk sm l .92
[09:45] {nemo} right at the 16 minute mark dino
[09:45] {jfjf64} .50
01[09:45] {@Threei}  59
[09:46] {dino} :)
01[09:46] {@Threei}  1:1
[09:46] {jfjf64} check the coffee
01[09:46] {@Threei}  1:2
01[09:47] {@Threei}  1:3
01[09:48] {@Threei}  1:4
01[09:48] {@Threei}  I am so out
[09:48] {jfjf64} nice ty
01[09:48] {@Threei}  yw
[09:49] {dino} gj
01[09:50] {@Threei}  ty
[09:51] {dino} out sndk .52, +.60
01[09:53] {@Threei}  nice one
01[09:54] {@Threei} Long Setup:  MTW  .35 break hl
01[09:55] {@Threei}  If holds  .25
[09:55] {dino} wow emes in 40 days from 145 to 80
[09:56] {nemo} DAX building a bear flag
[09:57] {nemo} finiies strong
01[09:57] {@Threei}  1:1
[10:04] {dino} spy may want the 200 dma
01[10:10] {@Threei} Long Setup:  FB  .40 break
01[10:11] {@Threei}  If holds  .30
01[10:11] {@Threei}  not yet
[10:11] {nemo} 74 test
01[10:19] {@Threei} Long Setup:  IWM  .50 break
01[10:19] {@Threei}  If holds  .40
01[10:20] {@Threei}  Invalidated
01[10:27] {@Threei} Long Setup:  IWM  .10 break
01[10:28] {@Threei}  come on
01[10:29] {@Threei} Long Setup:  FB  .20 break
01[10:29] {@Threei}  If holds  .10
01[10:30] {@Threei}  ok, we will never reverse
[10:30] {nemo} SPY gonna test 191
[10:31] {dino} this oil is funny, wait until putin cuts europe off of gas next month
01[10:34] {@Threei}  crap FB
[10:34] {dino} emes is a blood bath
[10:35] {nemo} too funny SPY bottom was the 23.6 retrace from the break of the 2008 high and this year's high
[10:37] {RonS} took fb small when it ticked over .20...at .18   sold .95  +.77  thanks 3i
[10:38] {dino} wtfg
01[10:38] {@Threei}  :)
[10:38] {dino} avgo blood
[10:38] {RonS} thing was pulp...no way was gonna go full lot
[10:39] {nemo} reshort in .50s nobody likely paying above vwap today
[10:39] {dino} avgo sm l .90
[10:40] {dino} sndk sm l .70
[10:41] {dino} for markets only down about 5%, lots of stock are down 20-40%
[10:42] {nemo} trannies been killed by oil
[10:42] {nemo} so much gets transported by rails
[10:50] {RonS} use Udderly Smooth here... it's greaseless
[10:51] {nemo} that may be a swing bottom
[10:52] {dino} out sndk .32, +.62
[10:53] {dino} feye sm l .55
[10:53] {dino} out avgo .01, +1.11
[10:55] {troub} excellent on all of them dino
[10:57] {dino} thx
[11:02] {dino} out feye .85, +.30
[11:03] {RonS} took avgo 69.85 out 71.45 +1.60  figured it would get close to vwap...
[11:03] {dino} wtg
[11:04] {RonS} thanks and thanks...
[11:04] {dino} i chickened out on the break down break at 71
[11:04] {nemo} this is the 23.6 on avgo
[11:05] {dino} intc l .01
[11:06] {dino} calls too, intc
01[11:07] {@Threei} Long Setup:  IWM  .55 break
01[11:07] {@Threei}  If holds  .45
01[11:08] {@Threei}  ok, "they" must be watching over my shoulder today
[11:08] {nemo} algo basically flat
[11:13] {nemo} ADBE
01[11:22] {@Threei} Long Setup:  VXX  .60 breal
01[11:22] {@Threei}  Invalidated
01[11:25] {@Threei}  With storage facilities nearly full across Western Europe, the European Union’s major economies are unlikely to face a serious energy crisis.
01[11:29] {@Threei}  valid again
01[11:30] {@Threei}  I probably better go to sleep
[11:30] {jfjf64} lol
[11:31] {RonS} "unlikely"  Dusty Springfield statement?
[11:31] {RonS} https://www.youtube.com/watch?v=gAdTsAKvVTU
[11:31] {dino} out intc .22, +.21
[11:31] {RonS} gj, that thing is thicker than Aretha Franklin
[11:32] {dino} lol, yeah, don't usually trade the thick gals
[11:32] {jfjf64} funny ronnie
[11:32] {RonS} friend i had called them "flower girls"...
[11:33] {dino} ugh, i think i get that
[11:33] {RonS} lol, ya if any really need to know need to pm me...
[11:35] {RonS} dino ptct first secondary in a long time that is not recapturing the price:  36.25
[11:38] {dino} ok, on screen
01[11:38] {@Threei}  It's been a wild ride today as US equities dip into and out of negative territory. With volatility running very hot, the VIX has popped above 20 for the first time since early February. Utilities and consumer staples names are among the only names holding up as traders seek safe havens. Conversely, momentum tech names have been hammered, with TWTR and FB down 8% and 4%, respectively, at their worst levels earlier this morning
01[11:38] {@Threei}  The greenback has recovered most of the losses that followed the FOMC minutes and continues to gain ground, with EUR/USD headed right back toward the 1.2500 handle. Despite comments in the minutes, many analysts are saying it would be hard to make the case that the dollar was overvalued at this stage.
[11:54] {ese} Have a great thanksgiving weekend all.....catch you on the flip side....am still holdin on to my position in rdnt....I smell money here....average is now .85
01[11:54] {@Threei}  wait ese
[11:54] {dino} cya ese
01[11:55] {@Threei}  see dcc
[11:55] {ese} cya dino
[12:10] {nemo} nothing on weak side, only strong side
01[13:01] {@Threei}  [OIH] Oil service holders recoup losses as oil futures rebound - WTI is now up more than $2 from the recent 2-year lows and Brent is back above $90- Refiners, drillers, integrated names all seeing some buying
01[13:15] {@Threei} Long Setup:  VXX  .85 break
01[13:15] {@Threei}  .c .75
01[13:15] {@Threei}  If holds  .75
01[13:17] {@Threei}  1:1
01[13:19] {@Threei}  1:2
01[13:19] {@Threei}  1:3
01[13:23] {@Threei}  1:4 close enough
01[13:23] {@Threei}  out .23
01[13:23] {@Threei}  just when you thought I was completely useless
[13:27] {nathan} hi gentelmen
01[13:27] {@Threei}  hey nathan
[13:27] {dino} whippy again
01[13:27] {@Threei}  couldn't you connect 15 min earlier?
[13:28] {nathan} i wished
01[13:28] {@Threei}  just got VXXfrom 32.85
[13:28] {nathan} did u left something
[13:28] {nathan} really?
01[13:28] {@Threei}  [13:15] {@Threei} Long Setup: VXX .85 break
[13:28] {nathan} nice breakout
[13:38] {nathan} look u took vxx now?
01[13:41] {@Threei}  ?
[13:42] {nathan} nevermind
01[13:58] {@Threei} Long Setup:  IWM  .10 break
01[13:58] {@Threei}  If holds  106
01[14:00] {@Threei}  valid
01[14:03] {@Threei}  sigh
[14:08] {nathan} c'mon IWM
[14:11] {RonS} outta here early...good weekend to all...ciao
01[14:11] {@Threei}  take care ron
[14:11] {nathan} cio Rons
01[14:13] {@Threei} Long Setup:  VXX  .20 break
01[14:13] {@Threei}  If holds  .10
01[14:18] {@Threei}  1:1
[14:18] {nathan} thx 3i
01[14:19] {@Threei}  yw... not over yet
01[14:19] {@Threei}  this might turn into nice panic
01[14:19] {@Threei}  1:2
[14:22] {dino} out vxx +.20, ty vad
01[14:22] {@Threei}  :)
[14:23] {jfjf64} ty vg see all Monday great week
01[14:23] {@Threei}  take care jf
[14:29] {dino} lll spike
[14:29] {dino} sm s .55
[14:30] {dino} cov flat
[14:31] {dino} sm s 114.12
[14:31] {dino} f#@k
[14:32] {dino} ok cov 113.50, +.62
[14:32] {dino} pulp
[14:34] {dino} smr s 114.22
[14:35] {dino} stop -.60
[14:36] {dino} smr s 115.98
[14:36] {dino} cov .80, +.18 things all over the tape
01[14:36] {@Threei}  no kidding
[14:38] {dino} last try smr s 115.61
01[14:39] {@Threei}  ISIS is a few miles from Bagdad
[14:39] {dino} all those years and work for nothing because obummer wanted to totally pull out
[14:41] {dino} stop lll .20 -.59
[14:43] {dino} calling it a week, thx all
01[15:04] {@Threei}  eod if likely to produce more panic
01[15:04] {@Threei}  watching for pullback entry, VXX
01[15:04] {@Threei}  if = is
[15:07] {nemo} not gonna get it
01[15:07] {@Threei}  of course we will
01[15:07] {@Threei}  50 min still, think it's going to be 50 min of uniterrupted selling?
[15:08] {nemo} very possibly
[15:08] {nemo} who is gonna' buy going into Ebola weekend?
[15:08] {nemo} Fed?
01[15:08] {@Threei}  (US) Reportedly a plane has been quarantined at McCarran Airport
01[15:08] {@Threei}  well, with a fewe more news headlines like this, lol
01[15:09] {@Threei}  Six ambulances have surrounded a plane this morning at McCarran International Airport amid reports that a passenger on a Delta flight from New York is showing symptoms similar to Ebola.
[15:09] {nemo} where is McCarran
01[15:10] {@Threei}  las vegas
[15:10] {nemo} ahhhh....sin city how appropos
[15:13] {nemo} there was your pullback
[15:13] {nathan} have a nice weekend
[15:13] {nathan} cya next week
01[15:13] {@Threei}  you too nathan
01[15:29] {@Threei} Long Setup:  VXX  .45 break
01[15:29] {@Threei}  Invalidated
[15:32] {nemo} pukage?
[15:32] {nemo} Oh Black Monday you be comin'
01[15:39] {@Threei}  ok... trying here
01[15:41] {@Threei}  1:1
[15:41] {nemo} what?
01[15:41] {@Threei}  VXX
01[15:41] {@Threei}  [15:39] {@Threei} ok... trying here
[15:41] {nemo} oh
01[15:41] {@Threei}  45 on pullback
01[15:41] {@Threei}  .45
[15:46] {nemo} on that note..enough for today
01[15:46] {@Threei}  1:3
01[15:46] {@Threei}  1:4
01[15:47] {@Threei}  nice panic
01[15:48] {@Threei}  1:5
01[15:48] {@Threei}  on this note, yes, enough is enough :)
01[15:48] {@Threei}  1:6
01[15:48] {@Threei}  have a great weekend, see you Monday