Monday, October 13, 2014

Oct 13 2014

Pullback entry on DAL hit by Ebola.

Could have cited many more plays as they were abundant. Beautiful trading day, with 1:2s and 1:4s all over. Bear market, as usual, works best for us, and October is traditionally our strongest month. 

Ahead of the Close Market Snapshot
Mon, 13 Oct 2014 15:46 PM EST

US Indices:
- Dow Jones -1.0%
- S&P500 -0.7%
- Nasdaq -1.1%

- Utilities, Financials, and select Basic Materials sectors are outperforming at the expense of Healthcare and Services. PGN is outperforming in Utilities, while Financials are on deck in the Q3 reporting season with C and JPM reporting Tues AM. CLF is sharply higher on China trade data, while NEM is tracking modestly higher gold prices with a 2% rise. Airlines DAL and UAL are down 6% and 8% respectively as Ebola worries predictably weigh on the travel sector.

Fixed-Income: US bond markets closed for holiday

- WTI Nov crude oil $85.58; Front-month contract is off the morning lows after the bears made another run at the $84/brl mark. Diminishing pessimism over China growth in the wake of better than expected imports component of September trade data has sparked some short covering.

- Spot Gold $1,232/oz; Week-long correction in precious metals is tracking the reversal in USD strength, with gold hitting a 4-week high above $1,237 in morning trade.
- Spot Silver $17.40/oz; Rebound in silver is slightly less pronounced, with last week's high of $17.70 remaining untested.
- Dec Copper $3.05/lb; Copper is up a modest 0.3%, adding to overnight gains that followed impressive China imports. Traders are watching last week's high / Sept low around $3.06.

Key Earnings at the close:
- none seen

Looking ahead to Asia session:
- Singapore GDP 20:00ET
- Australia NAB Business Confidence 20:30ET

Session Time: Mon Oct 13 00:00:00 2014

[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
[09:15] {jfjf64} gm
01[09:16] {@Threei}  jf :)
[09:17] {RonS} good morning everyone
01[09:18] {@Threei}  ron :)
[09:20] {troub} good morning
01[09:21] {@Threei}  troub :)
01[09:23] {@Threei}  [HLF] Herbalife moving to stop US distributors from using their own web sites to promote products - NY Post (update) Diet shake seller being probed over pyramid scheme accusations is banning independent websites run by its U.S. distributors and migrating distributors businesses to a corporate-controlled online hub (
[09:24] {nemo} should be a bit mellower today with bond market closed
01[09:24] {@Threei}  and Canada digesting turkeys
[09:25] {nemo} sounds like cannabilism to me
01[09:25] {@Threei}  lol
06[09:26] * nemo pats himself on the back
[09:26] {jfjf64} speakin canna any walkin dead fans
[09:26] {nemo} Where's the Bolshevik
[09:26] {nemo} I hate that zombie shit
[09:27] {jfjf64} I hated that shit to
[09:27] {jfjf64} now hooked
[09:27] {RonS} got bit?
[09:28] {nemo} hahahaha
[09:28] {jfjf64} y
06[09:28] * @Threei loads silver bullets while slanting at jf
[09:28] {jfjf64} lol
06[09:29] * nemo loads silver ball bearings in claymores
06[09:29] * @Threei hand garic over his neck and keeps wooden stakes near
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -IBIO +85% (Ebola momentum)
01[09:30] {@Threei}  -DRL +60% (won $230M in Puerto Rico tax case)
01[09:30] {@Threei}  -ATLS +25% (being acquired by TRGP in connection with APL/TRGP deal)
01[09:30] {@Threei}  -LAKE +15% (Ebola momentum)
01[09:30] {@Threei}  -APL +14% (being acquired by TRGP for $5.8B)
01[09:30] {@Threei}  -ALNY +12% (reported 6-month Patisiran Phase II OLE study data)
01[09:30] {@Threei}  -CSX +11% (rebuffed merger proposal from CP)
01[09:30] {@Threei}  -JCP +6.2% (named Marvin Ellison CEO designate, effective Nov. 1)
01[09:30] {@Threei}  -TKMR +5.4% (Ebola momentum)
01[09:30] {@Threei}  -WLT +5.3% (iron ore price bounce following Chinese data)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -HIVE -18% (cuts Q3 EPS & Rev estimates)
01[09:30] {@Threei}  -GPRO -2% (Silicon Valley Community Foundation disclosed 22% stake, could sell some shares in 2015)
06[09:30] * nemo puts garlic juice in chemical warheads
01[09:32] {@Threei} Long Setup:  DAL  33 break
01[09:33] {@Threei}  fast...
01[09:33] {@Threei}  1:1  
01[09:33] {@Threei}  sheesh IBIO
01[09:36] {@Threei} Long Setup:  CCL  .65 break
01[09:36] {@Threei}  If holds  .55 
01[09:38] {@Threei}  wow DAL
01[09:42] {@Threei}  Invalidated  
01[09:43] {@Threei}  If holds  FCX  .20 break
01[09:43] {@Threei}  If holds  .30 
01[09:43] {@Threei} Short Setup: FCX  .20 break
01[09:48] {@Threei}  1:1  
01[09:50] {@Threei}  1:2  
01[09:52] {@Threei} Long Setup:  DAL  .20 break
01[09:52] {@Threei}  change to .10
01[09:53] {@Threei}  If holds  32 
01[09:54] {@Threei}  Invalidated  
01[09:56] {@Threei}  got away
[09:56] {jfjf64} grrr
01[09:56] {@Threei}  a bit too hectic for a confident read
[09:57] {jfjf64} shack it off
01[09:57] {@Threei}  let's see if it goves us nice pullback and readable entry
01[09:58] {@Threei} Long Setup:  DAL  .10 break
01[09:58] {@Threei}  If holds  32 
01[09:58] {@Threei}  1:1  
01[10:00] {@Threei}  1:2 close enough
01[10:00] {@Threei}  trying for 1:3
01[10:00] {@Threei}  1:4
01[10:01] {@Threei}  1:3  
01[10:01] {@Threei}  hooked good entry :)
01[10:01] {@Threei}  1:4 baby
01[10:01] {@Threei}  out
[10:01] {jfjf64} nicely done
[10:04] {ese} morning...slept in just a little...too much wine yesterday
01[10:04] {@Threei}  hey ese
01[10:04] {@Threei}  missed couple good plays
[10:04] {nemo} wino bolshevik
[10:05] {ese} vad nemo
[10:05] {dino} emes sm l .01
[10:05] {nemo} I feel like that every morning ese
[10:05] {ese} i'll have you know nemo....i represent that remark
[10:06] {nemo} ese the "poster boy"
[10:08] {nemo} these he took near where I live.  too cute:
[10:10] {ese} cute....the five of them
[10:10] {nemo} where did you learn to count, Math teacher
[10:11] {ese} from vad....why
[10:11] {nemo} I see as many as 7
[10:11] {nemo}
[10:12] {ese} bottom picture.....only five
[10:12] {nemo} not much on the algo yet.  What is is red
[10:13] {nemo} You guys can celebrate:  I'll be gone later this week
[10:14] {ese} clearer on that one......can see 7 now
[10:14] {nemo} iwm looks short if it stays below .90
[10:15] {jfjf64} nice nemo
[10:18] {jfjf64} heat is on
[10:19] {dino} out emes .99 -.02
[10:20] {dino} friday markets down -12 of last 16 trading days
[10:21] {jfjf64} ccl
[10:21] {dino} emes sm l .10
[10:22] {troub} Dino, big thanks emes in79.01 out 80.30
01[10:22] {@Threei}  wtg
[10:22] {dino} wtg
[10:27] {dino} emes stop
01[10:28] {@Threei} Long Setup:  VXX  .75 break
01[10:29] {@Threei}  If holds  .65 
01[10:29] {@Threei}  1:1  
[10:38] {dino} emes sm l .17
01[10:49] {@Threei} Short Setup: DAL  .80 break
01[10:49] {@Threei}  wow
01[10:49] {@Threei}  lol
01[10:49] {@Threei}  nevermind
[10:50] {jfjf64} too much tukey yest
01[10:50] {@Threei}  (RU) Russia President Putin meeting with WHO and reportedly pledges support for anti-smoking efforts
01[10:50] {@Threei}  oh good
[10:51] {RonS} artillery smoke?
01[10:51] {@Threei}  that one is fine
[10:57] {dino} out emes 80.28, +2.11
01[10:57] {@Threei}  gj
[10:58] {troub} excellent dino
[10:58] {dino} ty
[11:00] {dino} panw sm l .52
[11:09] {dino} out panw 90.00, +1.48
[11:15] {nemo} algo basically flat
01[11:19] {@Threei} Long Setup:  DAL  .10 break
01[11:19] {@Threei}  If holds  32 
01[11:24] {@Threei}  1:1  
[11:25] {ese} rdnt doin what it's suppose to +.08 so far
[11:25] {nemo} is that your blood/alcohol level?
[11:25] {ese} that too.......
[11:25] {nemo} lightweight
[11:25] {ese} lol
01[11:26] {@Threei}  lol
01[11:26] {@Threei}  1:2  
[11:26] {ese} need some help here though.....assigning a price target for this this......
[11:27] {nemo} you're such a paradox ese
01[11:27] {@Threei}  this rodent?
[11:27] {ese} 10.00 seems reasonable to me for this one....last swing low on it was approx 4
[11:27] {nemo} a bolshevik that walks pickets lines to get a raise, and plays the stockmarket
[11:27] {ese} lol
[11:27] {RonS} and goes rad...
[11:28] {ese} keeps you on your toes man
01[11:28] {@Threei}  plays mean drum too
[11:28] {ese} oh ya!!!!1
01[11:28] {@Threei}  and takes his coffee intravenously
01[11:28] {@Threei}  beat that, nemo
[11:29] {ese} and chocolate with a hypodermic needle
01[11:29] {@Threei}  and runs a band where male audince freezes on a spot when sees his female singers
01[11:29] {@Threei}  just ask dptl
[11:30] {ese} lol
01[11:30] {@Threei}  I mean,
01[11:31] {@Threei}  or
[11:31] {nemo} is that still the lineup?
01[11:31] {@Threei}  man, I am a good photographer... :)
01[11:31] {@Threei}  (when I have such models)
[11:31] {nemo} who's the fat guy at the end?
[11:32] {RonS} lol
[11:32] {ese} magazine article comin out on me and my band in Nevember with Cella Magazine
[11:32] {ese}
[11:32] {nemo} cool
[11:32] {ese} as it cycles through it's the last 2 frames...Vic High band then the Midnights
01[11:33] {@Threei}  btw, ese... take a look at the photo at the top of your page
[11:33] {RonS} ese, watch rdnt for a rollover...
01[11:33] {@Threei}  see anything suspicious?
[11:34] {ese} on my band website?
01[11:34] {@Threei}  yes
[11:34] {ese} tks Ron
01[11:34] {@Threei}  the panoramic one
01[11:34] {@Threei}  The volatility continues this morning in heavy trading volume. More positive and less flattering news has clashed over the Asia and Europeans sessions, with markets jibing in the wake of the strong China September export data, soft German wholesale prices and the first person-to-person Ebola transmission in the US.
[11:35] {ese} photo shopped the lead singer in if i remember 
01[11:35] {@Threei}  yup... at no point all 4 were on the scene at the same time :)
01[11:35] {@Threei}  but the task was to present the whole band
01[11:35] {@Threei}  so I combined a few
[11:36] {ese} looks great
[11:40] {ese} Hey Ron....what are you looking at technically thats giving you that roll over feeling with rdnt
[11:41] {RonS} was seeing it hit the new highs...last time it did it gave it up....
[11:41] {ese} ya
[11:41] {RonS} they take pictures fer chissakes...
[11:42] {RonS} +r
01[11:46] {@Threei} Short Setup: DAL  32 break
01[11:46] {@Threei}  If holds  .10 
01[11:48] {@Threei}  stop .06
01[11:48] {@Threei}  1 cent from 1:1
[11:49] {RonS} horseshoes now?
01[11:49] {@Threei}  hmm?
[11:50] {ese} out ½ rdnt .05 +.20 
[11:50] {RonS} gj
[11:50] {ese} tks....thought i'd heed your roll over advice
[11:51] {RonS} lol...opens at $10 tomorrow...
[11:51] {ese} lol....always....never go broke though taking a profit
01[11:53] {@Threei}  1:1  
[11:58] {jfjf64} die already
01[12:02] {@Threei}  1:2  
[12:07] {jfjf64} common vg stomp it
01[12:07] {@Threei}  1:3  
01[12:09] {@Threei}  almost 1:4
01[12:09] {@Threei}  I am out
[12:10] {jfjf64} ty
01[12:10] {@Threei}  yw
01[12:10] {@Threei}  100% day so far?
[12:10] {jfjf64} shhh
01[12:17] {@Threei}  was that a perfectly timed exit or what
[12:17] {jfjf64} you bet
[12:50] {RonS} KIEV: Russian troops pull back from Ukraine's border:
[12:51] {RonS} ...gone looking for smokes?
01[12:51] {@Threei}  they do that for a third time
01[12:51] {@Threei}  most of it is just rotation
01[12:52] {@Threei}  some of it is pretending tension is off
01[12:57] {@Threei}  overall, Putin has so far what he wanted - frozen conflict, instability in Ukraine and nearing winter with his hand on gas spigot
01[12:58] {@Threei}  he can afford some pause now, to try and take off the sting of sanctions
[13:17] {nemo} interesting on algo...nothing really on red side, but as soon as buying dried up, indexes head down
[13:48] {nathan} hi gents
01[13:48] {@Threei}  hey nathan
[13:48] {nemo} hombre
[13:48] {nathan} que pasa nemo!
[13:48] {nemo} Yo soy bueno
[13:48] {nemo} y tu?
[13:49] {nathan} bien, bien
[13:56] {nathan} how was the morning?
01[13:57] {@Threei}  you don't want to know
01[13:57] {@Threei}  100%, 1:4s and 1:3s
[13:57] {nathan} yeah better not to ask
[13:57] {nathan} same i tell to my wife
[13:57] {jfjf64} bueno
[13:58] {nathan} wow
01[13:58] {@Threei} Long Setup:  VXX  36 break
01[13:58] {@Threei}  If holds  .90 
01[13:59] {@Threei}  Invalidated  
[14:01] {jfjf64} .95
[14:01] {jfjf64} }?:
01[14:01] {@Threei}  nah
01[14:01] {@Threei}  no clear setup
[14:01] {jfjf64} k
01[14:02] {@Threei}  maybe on pullback now
01[14:02] {@Threei}  .80 was good but way too fast
01[14:02] {@Threei}  wouldn't be able to alert in time
[14:02] {nathan} what PORDER mean?
[14:03] {nemo} must be vad speak
[14:03] {nathan} i got it in the message console when i send the order
[14:03] {nemo} don't know
[14:04] {nathan} weird, i'll ask mr know it all
[14:04] {nemo} might mean "pending"
[14:04] {nemo} P Order
[14:05] {nathan} might be
01[14:13] {@Threei} Long Setup:  IWM  .50 break
01[14:14] {@Threei}  If holds  .40 
01[14:16] {@Threei}  (EU) France Fin Min: Europe faces the risk of a Japan-style period of deflation
01[14:20] {@Threei}  1:1  
01[14:58] {@Threei}  eod should be panicky
01[14:58] {@Threei}  watching for bounce to short
[14:59] {jfjf64} dal getting hit
01[15:06] {@Threei} Short Setup: CCL  .40 break
01[15:06] {@Threei}  If holds  .50 
01[15:15] {@Threei} Short Setup: IWM  105 break
01[15:15] {@Threei}  If holds  .10 
01[15:17] {@Threei}  1:1  CCL 
01[15:18] {@Threei}  1:1  IWM 
[15:18] {dino} tllp drop
[15:19] {dino} sm l .40
01[15:22] {@Threei}  1:2  CCL 
[15:22] {jfjf64} bueno
01[15:22] {@Threei}  1:2  IWM 
01[15:23] {@Threei}  bear market, how I love thee
01[15:23] {@Threei}  (I sound horribly nemo-like, don't I?)
[15:23] {jfjf64} never
[15:24] {jfjf64} that wd be horrible
01[15:24] {@Threei}  scares me too
[15:24] {jfjf64} he must be sllepin
[15:24] {jfjf64} no comment
01[15:25] {@Threei}  he is jujst reloading those silver bullets
01[15:26] {@Threei}  putting cross on his neck... pours holy water in the bottles...
[15:26] {RonS} picturing nemo pouring in to several silver shot glasses...
[15:26] {nathan} cya tomorrow
[15:26] {jfjf64} lake
01[15:26] {@Threei}  happy nathan?
[15:26] {jfjf64} big pop
[15:26] {nathan} yeah
01[15:26] {@Threei}  :)
[15:26] {nathan} happy ending
[15:26] {nathan} :-)
[15:27] {jfjf64} ahh
[15:27] {jfjf64} yes bueno ending
[15:27] {nathan} hehehehe
[15:27] {nathan} have fun
[15:28] {ese} catch ya'll tamara......vad cya later
01[15:28] {@Threei}  yes :)
[15:30] {dino} looks like down 13 of 17 in the making
[15:30] {jfjf64} twtr
[15:30] {jfjf64} getting hit
01[15:30] {@Threei}  panic :)
[15:31] {jfjf64} yes
[15:32] {jfjf64} wow
[15:32] {jfjf64} Columbus day sale
[15:32] {dino} tllp stop
[15:43] {dino} call me crazy, but w/dji -5.4%, s/p -6.5%, naz -8.2% gut says snap bake coming soon
01[15:43] {@Threei} Long Setup:  IWM  .40 break
01[15:43] {@Threei}  I agree
[15:43] {dino} snap back too
01[15:43] {@Threei}  If holds  .30 
01[15:44] {@Threei}  nope, not yet
[15:44] {cosmo} Columbus was a fraud...that's why the sell off...:)
01[15:44] {@Threei}  ah
01[15:44] {@Threei}  makes sense
[15:45] {cosmo} people waking up ya know...
01[15:45] {@Threei}  good thing they do it so timely
[15:46] {RonS} ...carried the first ebola to the new world...
01[15:46] {@Threei}  lol
[15:46] {cosmo} took back stuff too
[15:46] {nemo} got 10 people on a plane at Logan with flu like symptoms
01[15:46] {@Threei}  Ebola: thank you Columbus, how wpuld I find the new land to spread on without you
[15:46] {dino} dji gap around 16242
[15:47] {dino} s/p 1844
01[15:47] {@Threei}  (US) Air Emirates plane surrounded at Boston's Logan Airport, reportedly up to ten passengers experiencing flu-like symptoms (possible Ebola) - local press @MassCommNetwork: "Boston, MA - Hazmat - Boston Logan Airport Terminal E, U/D Hazmat called for 6-7 people who were or became sick on an United Emirates flight"
[15:47] {cosmo} gotta keep the global geen pool strong
01[15:47] {@Threei}  - Officials do not think anyone on Emirates flight 237 recently visited West Africa, but are still taking Ebola precautions - CDC has been notified, no one is being allowed on or off the flight, which is not pulling up to the jetway
[15:48] {nemo} western civilization is anti-evolutionary
[15:48] {nemo} it weakens the gene pool
[15:48] {dino} technically, yeah
[15:48] {nemo} then it's a simple, "yes" dino
[15:49] {dino} agreed
[15:49] {nemo} western medicine is anti-evolutionary
[15:49] {dino} except for intelligence, seems the gap is getting wider
01[15:49] {@Threei}  lol
[15:49] {nemo} no, intelligence is people breed together, dumb people breed more
[15:50] {nemo} 84% of the population is of average to less than average intelligence
01[15:50] {@Threei}  and wise do not breed at all
[15:50] {dino} what i said
[15:50] {dino} the dumb are getting dumber
[15:50] {dino} smart/smarter
[15:50] {nemo} that "except" threw me off
[15:50] {cosmo} those doing the dumbing are getting dumber too
[15:51] {dino} indeed cosmo, indeed
[15:51] {dino} heck of a last hour drop
01[15:51] {@Threei}  and dumb down the dumbing down techniques
[15:52] {dino} yes, the politicians want to make them even more dumb. its all about getting elected
[15:54] {jfjf64} good night all
[15:54] {jfjf64} ty vg
[15:55] {nemo} we're flirting with the lower channel line going back to end of 2013
[15:55] {nemo} 2013
[15:55] {nemo} 2012
[15:55] {nemo} shees
[15:55] {nemo} sheesh
[15:56] {dino} which is it, 13 or 12, shees or sheesh?
[15:56] {dino} :)
[15:56] {jfjf64} get silver bullets ready
[15:56] {jfjf64} walkers coming
[15:56] {nemo} 2012 sheesh
[15:56] {nemo} no's worse than that
[15:56] {jfjf64} agree
01[15:56] {@Threei}  OK guys, thank you all
[15:57] {nemo} at least zombies have brains

01[15:57] {@Threei}  have a great evening, see you tomorrow