Ahead of the Close Market Snapshot
Wed, 22 Oct 2014 15:56 PM EST
US Indices:
- Dow Jones -0.9%
- S&P500 -0.5%
- Nasdaq -0.8%
- Indices are down for the first time in 5 trading sessions, with declines led by Materials and Industrials. Defensive Utilities are up modestly. BRCM, YHOO, GD, and RHI are individual outperformers on strong earnings overnight, while DNR, EOG, and NFX are notable losers in the energy space amid more declines in oil.
Fixed-Income: Treasuries are grinding lower for the 5th consecutive session despite the selloff in the equity market. 2-10 spread is unchanged with identical marginal moves across the curve.
- US 2-yr: +1bps at 0.37%
- 10-yr: +1bps at 2.23%
- 30-yr: +1bps at 3.00%
- 2-10 spread: flat at 1.87%
Energy:
- WTI Dec crude oil $80.54; Crude contract with its biggest drop in about a week after another large build in DOE crude inventories. 7.1M increase was well above 3M consensus and marked the 3rd consecutive week of outsized (above 5M brl) build.
Metals:
- Spot Gold $1,242/oz; Gold near the lows with its biggest decline in 3 weeks. Precious metals selloff tracking 2nd straight day of gains in the greenback, with the dollar index reaching a 1-week high.
- Spot Silver $17.15/oz; Silver also with its biggest daily decline in 3 weeks, falling to a 1-week low.
- Dec Copper $3.01/lb; Copper is in retreat for much of the US session in line with other metals after hitting a 1-week high of $3.04 overnight.
Key Earnings at the close:
- CA, CAKE, CTXS, FTK, LEG, LRCX, NXPI, ORLY, RE, T, TSCO, WFT, YELP
Looking ahead to Asia session:
- China HSBC Flash Manuf PMI 21:45ET
Session Time: Wed Oct 22 00:00:01 2014
[09:13] {dino} gm
01[09:13] {@Threei} dino :)
[09:16] {troub} good morning
01[09:17] {@Threei} troub :)
01[09:17] {@Threei} - Reports circulated that at least 11 banks from six different countries to fail Euro Zone stress tests (**Note: results due on Sunday Oct 26th)
01[09:17] {@Threei} sheesh... when do they finally end this charade
[09:21] {Jenh} good morning everyone!
01[09:22] {@Threei} jen :)
[09:23] {ese} gm
01[09:23] {@Threei} ese :)
[09:23] {jfjf64} gm
01[09:23] {@Threei} jf :)
[09:23] {RonS} que' es ese...buenos dias
01[09:23] {@Threei} Upside:
01[09:23] {@Threei} -RGLS +140% (RG-101 demonstrated positive pharmacokinetic profile in treating HCV)
01[09:23] {@Threei} -UNIS +20% (earnings)
01[09:23] {@Threei} -ROYL +16% (confirmed new high rate well)
01[09:23] {@Threei} -RPRX +11.3% (results from Androxal exhibits positive safety profile)
01[09:23] {@Threei} -TKMR +10% (provided TKM-Ebola program update - commencing new RNAi therapeutic for Ebola-Guinea variant)
01[09:23] {@Threei} -SIX +10% (earnings)
01[09:23] {@Threei} -IRBT +12.5% (earnings)
01[09:23] {@Threei} rin :)
01[09:23] {@Threei} i=o
[09:24] {ese} jenh vad jf ron dino nemo rav cos et al
01[09:24] {@Threei} -GWPH +6.4% (announced Epidiolex Rx received Orphan Designation from the EMA for treating Dravet Syndrome)
01[09:24] {@Threei} -BRCM +6% (earnings)
01[09:24] {@Threei} -SMCI +6% (earnings)
01[09:24] {@Threei} -YHOO +5% (earnings)
01[09:24] {@Threei} Downside:
01[09:24] {@Threei} -HIMX -14% (GOOG not exercising option to make add'l investment into HIMX's subsidiary Himax Display)
01[09:24] {@Threei} -LL -13.5% (earnings)
01[09:24] {@Threei} -CREE -12% (earnings)
01[09:24] {@Threei} -DDD -11% (Q3 guidance under estimates; cuts FY14 guidance)
01[09:24] {@Threei} -ANGI -10% (earnings)
01[09:24] {@Threei} -OCN -6.5% (momentum from backdating of mortgage letters investigation by NY DFS; company blamed on software errors in correspondence systems)
01[09:24] {@Threei} -VMW -6% (earnings)
[09:27] {RonS} biib needs one...hoping for $290 here...
[09:28] {RonS} ddd getting...well...you can figure it out...
[09:30] {nemo} seen VWM virtual suicide
[09:30] {nemo} out ronned ron
01[09:32] {@Threei} Long Setup: VXX .80 break
01[09:32] {@Threei} If holds .70
01[09:33] {@Threei} no go
01[09:34] {@Threei} Long Setup: FB .60 break
01[09:34] {@Threei} If holds .50
[09:34] {dino} asps more blood
01[09:34] {@Threei} Invalidated
01[09:35] {@Threei} VXX rinse
01[09:35] {@Threei} grrr
[09:36] {nemo} don't even think about it Dino
01[09:36] {@Threei} Long Setup: FB .20 break
01[09:36] {@Threei} If holds .10
01[09:37] {@Threei} come on... really?
[09:38] {nemo} tested the whole number
01[09:39] {@Threei} sheesh, second rinse
01[09:39] {@Threei} 1:2
[09:39] {ese} lol
[09:39] {ese} I like that.....good way to at it....tested the whole number
[09:40] {dino} nemo, but i have to
[09:40] {dino} checking out calls
[09:40] {nemo} sit on your hands, palms up if you have too
[09:44] {nemo} O.K. dino, if you must
01[09:44] {@Threei} Long Setup: VXX .80 break
01[09:44] {@Threei} If holds .70
[09:44] {RonS} caught biib 291.50 to 3.50 +2.00
01[09:45] {@Threei} wtg
01[09:45] {@Threei} 1:1
01[09:48] {@Threei} FB, you disgust me today
01[09:50] {@Threei} Long Setup: TWTR .40 break
01[09:50] {@Threei} If holds .30
01[09:51] {@Threei} stop to .34
[09:51] {dino} sps sm l .56
[09:51] {dino} asps
[09:52] {dino} out .00, +.44
01[09:52] {@Threei} nah
[09:52] {jfjf64} fb
[09:52] {jfjf64} grr
01[09:57] {@Threei} jeez
[09:59] {nemo} sso short .50 stop above .60 looks good
[10:00] {nemo} .55 break aggressive
[10:00] {nemo} mmhhhh, green side algo filling out, maybe not
[10:00] {dino} 07 green
[10:01] {nemo} SOB
01[10:02] {@Threei} Short Setup: FB .35 break
01[10:02] {@Threei} If holds .45
[10:03] {nemo} FB kissed all time highs
01[10:03] {@Threei} 1:1
01[10:06] {@Threei} stop to .31
01[10:06] {@Threei} 1 cent to 1:2
[10:07] {nemo} FB bear flagging?
[10:07] {jfjf64} ty nemo sso
01[10:08] {@Threei} 1:2
01[10:09] {@Threei} 1:3
[10:18] {nemo} not much on the algo at all relative volume weak
[10:21] {dino} added tllp calls
[10:22] {nemo} strongside slowly filling out
[10:30] {_petersh} good morning
01[10:30] {@Threei} peter :)
01[10:32] {@Threei} Long Setup: TWTR .30 break
01[10:32] {@Threei} If holds .20
[10:33] {dino} asps sm l .77
01[10:35] {@Threei} no go
[10:40] {dino} out asps ave .38, +.61
01[10:43] {@Threei} A Canadian solider standing guard on Parliament Hill has been shot by an unknown gunman.
[10:44] {nemo} Summer trading
01[10:44] {@Threei} Parliament Hill is in under lockdown after reports of shots being fired from inside the halls of the centre block
01[10:49] {@Threei} Long Setup: DAL .65 break
01[10:49] {@Threei} If holds .55
[10:49] {nemo} DE
[10:50] {nemo} could make an argument for .10 break stop under the whole
[10:50] {nemo} indexes look up
01[10:52] {@Threei} 1:1
[10:55] {jfjf64} quick scalps
[10:55] {dino} gotta hop, back in hour
01[11:01] {@Threei} Long Setup: IWM .90 break
01[11:02] {@Threei} If holds .80
01[11:06] {@Threei} I dislike today
01[11:07] {@Threei} this back and forth is irrtitating
[11:07] {nemo} I'm not sure it holds you in high esteem either
01[11:07] {@Threei} obviously not
01[11:11] {@Threei} switching to pullbacks
01[11:11] {@Threei} IWM would have worked on that strategy
[11:12] {nemo} spy holding trend in upper channel from the swing low
[11:12] {troub} play rinses
01[11:12] {@Threei} yup
01[11:13] {@Threei} DKTK setup
[11:19] {nemo} arguably spy short here
[11:22] {Jenh} still here
[11:23] {nemo} mmhhh...R1 on daily just above 195, and we're close enough to go for the shorts
[11:23] {nemo} IWM and Qs closing in on R1
01[11:32] {@Threei} Long Setup: IWM .85 break
01[11:32] {@Threei} If holds .75
01[11:38] {@Threei} to .79
[11:41] {jfjf64} iwm playinwith us
01[11:43] {@Threei} held like champ
[11:43] {jfjf64} bounce bi atch
01[11:43] {@Threei} break now
[11:43] {jfjf64} yes
01[11:43] {@Threei} and run
01[11:43] {@Threei} fly
01[11:43] {@Threei} rocket
01[11:45] {@Threei} 1:1
[11:46] {jfjf64} shhees
[11:48] {dino} .
[11:48] {dino} added baba calls
[11:48] {nemo} August trading
[11:49] {jfjf64} take 1:1 and run
[11:49] {jfjf64} im gonna go find bar stool see all later good luck
[11:49] {nemo} gonna' turn it upside down jf?
[11:50] {jfjf64} turn what upside down
[11:50] {nemo} barstool
[11:50] {dino} bstc spike
[11:50] {jfjf64} na like it like that
01[12:14] {@Threei} https://www.youtube.com/watch?v=XrGqoISd-do
[12:33] {nemo} possible bounce territory on spy and IWM
01[12:33] {@Threei} Long Setup: IWM .30 break
01[12:34] {@Threei} If holds .20
01[12:35] {@Threei} change to .25 break
01[12:35] {@Threei} If holds .15
01[12:35] {@Threei} Invalidated
[12:38] {nemo} IWM again
01[12:40] {@Threei} Long Setup: IWM .95 break
01[12:41] {@Threei} If holds .88
01[12:42] {@Threei} meh
01[12:55] {@Threei} Long Setup: LVS .40 break
01[12:55] {@Threei} If holds .30
01[12:57] {@Threei} 1:1
01[12:58] {@Threei} 1:2
01[12:59] {@Threei} 1:3
[12:59] {RonS} lvs +.29 thanks 3i
01[13:00] {@Threei} yw
[13:06] {dino} rvbd spike
[13:08] {dino} rvbd sm s .78
[13:13] {dino} cover rvbd .48, +.30
[13:13] {dino} damn b/s was too tight
01[13:15] {@Threei} Long Setup: IWM 110 break
01[13:15] {@Threei} If holds .90
01[13:17] {@Threei} 1:1
[13:23] {Jenh} g2g. hopefully this is the last day i leave early again.
[13:23] {Jenh} happy trading guys!
[13:23] {Jenh} good luck!
01[13:24] {@Threei} take care jen
01[13:24] {@Threei} [GOOG] Unveils new email product, Inbox - company blog
01[13:24] {@Threei} Years in the making, Inbox is by the same people who brought you Gmail, but its not Gmail: its a completely different type of inbox, designed to focus on what really matters. Email started simply as a way to send digital notes around the office. But fast-forward 30 years and with just the phone in your pocket, you can use email to contact virtually anyone in the world - from your best friend to the owner of that bagel shop you discovered last week.With this evolution comes new challenges: we get more email now than ever, important information is buried inside messages, and our most important tasks can slip through the cracks - especially when were working on our phones. For many of us, dealing with email has become a daily chore that distracts from what we really need to do - rather than helping us get those things done.
01[13:24] {@Threei} so how is it different?
01[13:25] {@Threei} http://googleblog.blogspot.ca/2014/10/an-inbox-that-works-for-you.html
[13:28] {nemo} SPY IWM FAS coming into possible bounce territory
[13:30] {nemo} spy .30 break
[13:30] {nemo} stop under .25
[13:33] {nemo} sheesh
01[13:55] {@Threei} Short Setup: LVS .20 break
01[13:55] {@Threei} If holds .30
[13:55] {RonS} tup tipped
[14:02] {RonS} this is serious: NHL says tonight’s Maple Leafs/Senators game has been postponed due to the Ottawa parliament-area shooting.
01[14:03] {@Threei} whole Canada is riled up... all TV channels are on it exclusively, airports on high alerts, most parlament buildings across the country are on lockdown
01[14:09] {@Threei} no go
01[14:11] {@Threei} got e-mail with subject line:
01[14:11] {@Threei} A private Jet makes A Great gift
01[14:11] {@Threei} if you wondered what to give me for Christmas, there you go
[14:15] {jfjf64} imiss anything vg
01[14:15] {@Threei} one 1:3er
01[14:16] {@Threei} one scalp and two stops
[14:19] {jfjf64} shhoting in canada
[14:26] {RonS} nate the great!
[14:26] {nathan} hi all
[14:26] {nathan} the great... :-)
[14:26] {nathan} what's up?
[14:27] {nathan} did you score today rons?
01[14:27] {@Threei} hi nathan
01[14:28] {@Threei} ron can't tell you, his wife is in his office
[14:28] {jfjf64} lol
[14:28] {nathan} ups!
[14:29] {nathan} just kidding, no talking serious
[14:29] {RonS} took biib off open sellof +2...left $7 on the table :(
[14:30] {nathan} +2???not that bad
[14:30] {jfjf64} ya think
[14:30] {nathan} not scoring like dino but...
[14:30] {jfjf64} take 2.00 4 week
[14:30] {nathan} :-)
[14:31] {dino} ;)
[14:32] {jfjf64} vxx flaggin
[14:32] {jfjf64} to late
01[14:32] {@Threei} should pull back
01[14:32] {@Threei} and worth entering
[14:34] {jfjf64} vol com in
[14:34] {nathan} missed that
01[14:34] {@Threei} no pullback
01[14:34] {@Threei} yet
[14:34] {jfjf64} .80 entry
[14:35] {jfjf64} pull bh to .90
[14:35] {jfjf64} what ya think
[14:35] {jfjf64} lower
[14:36] {jfjf64} ?
01[14:36] {@Threei} closer tp .80 - .85 hopefully
01[14:36] {@Threei} here
01[14:36] {@Threei} .80 break
01[14:37] {@Threei} 1:1
01[14:38] {@Threei} 1:2
[14:38] {jfjf64} common baby
[14:42] {jfjf64} twtr
[14:42] {jfjf64} lod
01[14:43] {@Threei} bounce for now
01[14:43] {@Threei} more selling later
[14:43] {nemo} this is lower channel in iwm and spy
01[14:46] {@Threei} Long Setup: IWM .60 break
01[14:46] {@Threei} If holds .50
[14:48] {dino} xiv h l .15
[14:48] {dino} hl
01[14:50] {@Threei} nah
[14:51] {dino} xiv stop .95 -.20
[14:52] {jfjf64} twtr watchin
[15:00] {dino} rinsed
01[15:14] {@Threei} word of the day
01[15:14] {@Threei} don't remember than many rinses in a long while
[15:21] {dino} yeah
01[15:22] {@Threei} navy base in my town on high alert
[15:22] {dino} 10 miles from my house we had that state trooper rifled down
[15:22] {dino} last month
[15:24] {RonS} so, were the shooters muslim and if so are they calling it workplace violence like they would in the u.s.?
01[15:24] {@Threei} no word yet
01[15:26] {@Threei} but no, if they are pinpointed as such, there will be no whitewashing
01[15:27] {@Threei} Long Setup: VXX .65 break
01[15:27] {@Threei} If holds .55
[15:27] {dino} asps blood continues
[15:27] {RonS} asp kick...
[15:28] {RonS} heard they report a.m.
[15:28] {dino} this ocn thing is killing them
01[15:30] {@Threei} 1:1
[15:31] {nemo} we're going down
[15:31] {nathan} 1.1 i'm the last to exit
01[15:31] {@Threei} 1:2
01[15:32] {@Threei} 1:3
01[15:32] {@Threei} good girl
[15:32] {nathan} nice
[15:32] {jfjf64} my day
[15:32] {jfjf64} buy ya a drink
[15:33] {nemo} yep just like one Vad
[15:33] {jfjf64} flaggin
[15:33] {jfjf64} go babbbby
01[15:33] {@Threei} 1:4
01[15:33] {@Threei} I am out
[15:33] {nemo} I think you can ride this into the close
01[15:34] {@Threei} one more bounce I think
[15:34] {dino} feels like it
01[15:34] {@Threei} then drop into close
[15:34] {jfjf64} got 500 left
01[15:34] {@Threei} and the way this day went, I can't not to secure this win
01[15:34] {@Threei} it almost takes me to breakeven
01[15:35] {@Threei} close enough to consider it a washout day
[15:35] {nemo} it was so weird early on when I saw spy, finnies, IWM topping and vxx looking like a bottom, I thought it was just a chain yanking
[15:35] {dino} "gut"
[15:35] {nemo} SPY might retest .30
[15:36] {jfjf64} then drop
[15:36] {nemo} may drop from here I just think roof is around .30
[15:37] {nemo} sso
[15:37] {nemo} sorry
[15:37] {nemo} pivot is .25
[15:38] {nemo} one could argue sso drop of .70
[15:39] {nemo} algo pretty red
[15:39] {nathan} today only for peanuts
[15:39] {nemo} let's see if the PPT steps in
[15:39] {nathan} to pay commissions
[15:39] {nemo} probably try in the futures tonight
[15:39] {nemo} mmmhhh, 193, they might not drop it today
[15:40] {nemo} gap down in the morning
[15:40] {jfjf64} was lookin ugly early
[15:41] {jfjf64} vxx still going
[15:41] {nemo} yeah, looks down
[15:41] {nemo} defending 193
[15:43] {nemo} sso working
[15:44] {nemo} algo getting redder
01[15:47] {@Threei} nice push VXX
[15:48] {jfjf64} nemo what algo ya lookin at what service
[15:48] {nemo} proprietary
[15:48] {nemo} Agilemetrix
[15:48] {jfjf64} wow vxx
[15:49] {nemo} IWM testing 109
[15:50] {nemo} 23% of the universe side switched to the red, that's pretty negative
01[15:52] {@Threei} thank you all, have a good evening
[15:52] {dino} asps a mess
01[15:52] {@Threei} see you tomorrow
[15:52] {jfjf64} somethi we said vg
[15:52] {jfjf64} lol
01[15:52] {@Threei} lol
