Friday, October 24, 2014

Oct 24 2104

Another nice solid trading day with good gains. Got rinsed on one of the early trades and immediately switched to DKTK setups, to avoid the Wed type of a meat-grinder. It paid off nicely, with all kinds of winning trades ranging from scalps to 1:3ers.

Session Time: Fri Oct 24 00:00:00 2014
[09:04] {_petersh} gm
01[09:05] {@Threei}  peter :)
[09:15] {RonS} hello
01[09:16] {@Threei}  ron :)
[09:24] {troub} good morning
01[09:24] {@Threei}  troub :)
[09:26] {Jenh} good morning everyone!
01[09:26] {@Threei}  jen :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -VTAE +50% (positive top-line results for 2 studies of BACE inhibitor BI1181181/VTP-37948 for Alzheimer's treatment)
01[09:27] {@Threei}  -DRIV +48% (being acquired by Siris Capital for $26.00/shr)
01[09:27] {@Threei}  -APT +22% (Ebola momentum)
01[09:27] {@Threei}  -RUBI +18% (earnings)
01[09:27] {@Threei}  -GIMO +15% (earnings)
01[09:27] {@Threei}  -LAKE +15% (Ebola momentum)
01[09:27] {@Threei}  -MXWL +14% (announced development agreement with Corning to advance ultracapacitor technologies)
01[09:27] {@Threei}  -RP +11% (rumored to have been approached by possible buyers)
01[09:27] {@Threei}  -FLIR +10% (earnings)
01[09:27] {@Threei}  -KLAC +10% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -DRYS -25% (priced offering of 250M shares at $1.40/shr)
01[09:27] {@Threei}  -SYNA -11% (earnings)
01[09:27] {@Threei}  -AMZN -11% (earnings)
01[09:27] {@Threei}  -P 6.1% (earnings)
01[09:27] {@Threei}  -FLS -3.3% (earnings)
[09:29] {ese} gm
[09:29] {RonS} lol... This whole NY Ebola Dr. thing has made me reassess my assumption that bowling balls were one of the most sanitary objects anywhere.
[09:29] {ese} ?
[09:29] {RonS} the guy went bowling ese
01[09:29] {@Threei}  ese :)
[09:31] {ese} huh...go figure....didn t know that
01[09:32] {@Threei} Short Setup: DAL  .50 break
01[09:32] {@Threei}  If holds  .60
01[09:34] {@Threei} Long Setup:  FB  .80 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  Invalidated
01[09:36] {@Threei}  valid again
[09:37] {jfjf64} mornin
01[09:37] {@Threei}  jf :)
01[09:38] {@Threei}  hectic opening
01[09:38] {@Threei}  no clean plays yet
[09:39] {nemo} OP EX Ebola
01[09:40] {@Threei} Short Setup: TWTR  .80 break
01[09:40] {@Threei}  1:1
01[09:40] {@Threei}  a bit too fast
[09:40] {nemo} gone before I got there
[09:40] {jfjf64} me too
[09:41] {Jenh} me three. Wow that was fast!
[09:41] {nemo} happens
01[09:41] {@Threei} Long Setup:  FB  .80 break
01[09:41] {@Threei}  If holds  .70
[09:42] {dino} gm
01[09:42] {@Threei}  dino :)
01[09:42] {@Threei}  1:1
[09:42] {nemo} things are slippery
[09:43] {jfjf64} quick scalps
01[09:43] {@Threei}  they are covered with soap as anti-evbola measure
[09:43] {jfjf64} mkt cofussed
01[09:44] {@Threei} Long Setup:  DAL  .90 break
01[09:44] {@Threei}  If holds  .80
01[09:45] {@Threei}  valid
01[09:45] {@Threei}  not anymore
[09:45] {jfjf64} feels like wed
01[09:46] {@Threei} Long Setup:  VXX  .35 break
01[09:46] {@Threei}  If holds  .25
01[09:47] {@Threei}  1:1
01[09:50] {@Threei}  1:2
01[09:50] {@Threei}  1:3
01[09:51] {@Threei}  1:4, out
[09:51] {jfjf64} ty vg
01[09:51] {@Threei}  yw
[09:54] {nemo} any bets pin to 195 today?
01[09:55] {@Threei}  wow VXX, even 1:4 was too early exit
01[09:56] {@Threei} Long Setup:  DAL  .50 break
01[09:56] {@Threei}  If holds  .40
01[09:59] {@Threei}  no go
01[10:00] {@Threei}  *(US) SEPT NEW HOME SALES: 467K V 470KE
01[10:00] {@Threei}  rinse
01[10:02] {@Threei}  what's with sudden jerks
[10:03] {nemo} light volume easy to move
[10:05] {ese} wow ...sold 3 less homes this month.....not bad
06[10:06] * nemo clubs ese relentlessly with a zildjian gong
01[10:06] {@Threei}  something else behind this selling
01[10:06] {@Threei}  no news that I see
[10:06] {nemo} no more pomo, ebola, weekend
[10:06] {nemo} oh..and ese
[10:07] {ese} yes
01[10:07] {@Threei}  none of that happend in the last few minytes, and that's what I meant
01[10:07] {@Threei}  that was very elaborate rug pull
[10:07] {nemo} you must have spelled something wrong the algos misinterpreted
[10:09] {RonS} sm l lyb 90.23
[10:16] {ese} L some more mack avg .86
01[10:16] {@Threei} Long Setup:  IWM  .75 break
01[10:16] {@Threei}  If holds  .70
[10:16] {ese} .8637 to be exact......i know how you all are exacting type of people
01[10:17] {@Threei}  espeically nemo loves to exact
01[10:17] {@Threei}  1:1
[10:17] {ese} exactly
[10:17] {nemo} frickin' psuedo math teachers
01[10:17] {@Threei}  he considers his day wasted unless he exacts two-three times
01[10:18] {@Threei}  1:2
[10:18] {ese} i can understand that
[10:18] {nemo} must admit, I have little patience for linguistic folderol
01[10:18] {@Threei}  not too bad for 5 cents risk
01[10:18] {@Threei}  DKTK setup, btw
[10:18] {ese} mack baby!!!! just explode on up there
[10:19] {nemo} VXX
[10:19] {ese} you know you want too
01[10:19] {@Threei}  actual one was .85, so to avoid those Wed rinses I waited for pullback under support
06[10:19] * @Threei slaps jfjf64 around a bit with a banner Adapt or Die
[10:20] {ese} lol
[10:20] {jfjf64} lol
[10:20] {ese} been alot of slapin around thes last 8 years or so.....buts a good one
[10:20] {jfjf64} trade what ya see
[10:21] {nemo} what about after drinking and seeing double?
01[10:21] {@Threei}  trade that then
[10:22] {jfjf64} vxx
[10:23] {jfjf64} puul bk
[10:23] {ese} and ladies and gentleman......and now to accept the award for "Momentum Waiting To Happen" the winner is.................E  S   E.............crowd goes ese accepts the award.....hopefully today
[10:23] {nemo} [10:19] {nemo} VXX
[10:23] {nemo} it did the vwap bounce
[10:23] {Jenh} lol
[10:23] {jfjf64} ya in
[10:23] {nemo} ese....
[10:23] {nemo} better get out that jacket with the really long sleeves
[10:24] {ese} ahhhh ya let me check see where I put that
[10:24] {ese} usuallly keep it handy
[10:24] {nemo} ask ur wife I'm sure she knows
01[10:24] {@Threei} Short Setup: FB  .40 break
01[10:24] {@Threei}  If holds  .50
[10:25] {ese} lol........nope....this is a hugely kept secret......ask vad........she has no idea what i'm doin
[10:25] {nemo} you're a coupla toms short of a drum kit
[10:25] {RonS} like it
[10:25] {nemo} ;-)
[10:26] {dino} lol
[10:26] {ese} rotflol........ok....that was good....i giggled on this side
[10:26] {nemo} c'mon at your age you're probably peeing your pants
[10:27] {nemo} reminds me, gotta' find bunny
[10:27] {ese} ho ho........and who died and made you lavatory king......over seer of all dumps......huh
01[10:28] {@Threei}  trail to .46
01[10:28] {@Threei}  time to die FB
01[10:28] {@Threei}  lose that .35
01[10:29] {@Threei}  and die
[10:29] {ese} break through .15 mack with some momo.....and this thing is gone
01[10:29] {@Threei}  good girl
01[10:30] {@Threei}  oh come on... couple cents to 1:1
01[10:31] {@Threei}  meh
[10:31] {ese} strangely quiet this mornig is know whats going to happen there eh?.......he going to explode with the 2 to 3 dollar profit on somethin
[10:31] {ese} AND!!!!!!!! speakin of it!
[10:32] {nemo} OP EX ese
[10:32] {RonS} out lyb 91.85 +1.62
[10:32] {ese} NICE !
[10:32] {Jenh} congrats!
[10:32] {RonS} they freakin beat...
01[10:34] {@Threei}  wtg
[10:34] {RonS} ty
[10:34] {nemo} too early
[10:34] {nemo} any bets it goes to pivot
[10:34] {RonS} sounds like my wife...
[10:35] {ese} lol
[10:35] {nemo} reminds me of a comedian shtick
[10:35] {ese} yeeeesssss?
[10:36] {nemo} "My girlfriend says I have a problem with PE....I have no problem with PE.  SHE has a problem with PE!
[10:36] {ese} don't get it
[10:36] {RonS} rotflol
[10:37] {nemo} sheesh
01[10:37] {@Threei}  "Any of your relatives suffer from mental disease?" - No, they all seem to enjoy it"
[10:37] {ese} rotflol
[10:37] {Jenh} lol
[10:37] {nemo} Just becaus you're paranoid doesn't mean someone isn't out to get you
[10:37] {ese} ba dap bap!!!
01[10:38] {@Threei} Long Setup:  IWM  .90 break
01[10:38] {@Threei}  If holds  .80
01[10:39] {@Threei}  Invalidated
[10:43] {jfjf64} nemo vxx banggin off ya vwap
01[10:44] {@Threei} Long Setup:  VXX  .10 break
01[10:44] {@Threei}  If holds  34
[10:44] {dino} if they can't break it, up we go
01[10:47] {@Threei}  1:1
[11:02] {ese} and THAT!!!!! ladies and gentleman concludes the "Momentum About to Happen" awrds for more time....a big round of applause for E S E!!!!!!! lets hear it now.
[11:03] {Jenh} (hands clapping)
[11:03] {ese} thank you....thank you....thank you very much!
[11:03] {Jenh} thought there was an emoji for that but no
[11:03] {Jenh} congratulations!
01[11:03] {@Threei}  "today I want to thank all those without whom this success wouldn't..."
[11:03] {ese} if Elvis could only hear me now....he'd be so proud
[11:03] {ese} lol
[11:04] {nemo} I wish you were where Elvis could hear you
[11:04] {Jenh} (ouch)
[11:04] {nemo} Jen..he stuck his chin out, I had no choice
[11:04] {ese} whoa hoooooooo!!!!!........hmmmmmm don't get angry es.........get even (thinking silently to himself
[11:05] {nemo} ese, you've been saying that for six years
[11:05] {nemo} and saying it.....and saying it
[11:05] {nemo} poor Les
[11:05] {ese} ya well....ya well.......ya day.....pow!! right in the kisser
[11:05] {nemo} doubt it
[11:07] {ese} damn.....can't remember the comedian who said that
[11:07] {nemo} Jackie Gleason
01[11:07] {@Threei}  peter griffin
[11:07] {ese} oh ya
[11:07] {ese} nope....nemos got it Jackie Gleason
[11:08] {nemo} yeah, started with "Alice!  One of these days, "POW!"  Right to the Moon!
[11:08] {nemo} frickin' foreigners
[11:09] {nemo} VXX
01[11:14] {@Threei} Short Setup: IWM  .50 break
01[11:14] {@Threei}  If holds  .60
01[11:18] {@Threei}  Invalidated
[11:20] {nemo} spy touched bottom of swing low trendline
01[11:21] {@Threei}  IWM is interestingly weaker than SPY
[11:22] {jfjf64} weird
[11:22] {jfjf64} whats that mean
01[11:22] {@Threei}  small caps weakness
[11:22] {jfjf64} lol
[11:24] {jfjf64} yhoo following spy
[11:24] {nemo} ese is following spy?
[11:24] {nemo} I miss Les
[11:26] {ese} yes
[11:27] {nemo} spy looks short just don't know how far
[11:28] {jfjf64} vxx
[11:28] {ese} would say yes to that.......if it doesn't get to's a headin down
[11:44] {nemo} like VXX break of .45
[11:44] {nemo} ?
01[11:44] {@Threei}  not sure
01[11:44] {@Threei}  50/50
[11:45] {nemo} oh jeez, not even lunch time
[11:45] {nemo} sheesh
[11:45] {nemo} nevermind
[11:45] {nemo} that'll be later
[11:47] {nemo} damn
01[11:50] {@Threei}  Markets are choppy this morning as traders digest the New York City Ebola scare, EU bank stress test results and tons of major earnings reports. Note that comments by ECB President Draghi at the EU Leader Summit in Brussels seem to have helped lift US equities out of the red mid morning.
01[11:50] {@Threei}  US new home sales rose to a six-year high in September, according to the report out this morning. The August sales - the prior six-year high - were revised much lower, down to 466K from 504K prior. Prices continue to fall.
01[11:50] {@Threei}  Press reports out in the US premarket suggested that 25 banks out of 130 reviewed would fail ECB capital stress tests. More importantly, only 10 of them still face capital shortfalls. The latter group are talking with the ECB on how they plan to ameliorate the situation. This figure is slightly lower than reports out earlier this week.
[11:54] {RonS} Ebola To Do List:
[11:54] {RonS} Avoid People.
[11:54] {RonS} Check for Fever.
[11:54] {RonS} Ride L Train.
[11:54] {RonS} Bowl.
01[11:54] {@Threei}  lol
[11:55] {nemo} shit VXX
[11:57] {jfjf64} ty
01[12:00] {@Threei}  (GR) Greece PM Samaras: no final decisions made yet on Greek exit from troika program- Talked with ECB Pres Draghi during the EU Summit today
[12:02] {RonS} thinkin they should study Homer... he detailed how the Greeks exited a troika program...
[12:03] {jfjf64} iwm ?
01[12:03] {@Threei} Long Setup:  IWM  .85 break
01[12:03] {@Threei}  If holds  .75
[12:04] {jfjf64} that was quick yes
[12:04] {ese} have a great weekend all...cya next week...
01[12:04] {@Threei}  take care ese
[12:04] {jfjf64} enjoy ese
[12:04] {RonS} cya ese
[12:05] {Jenh} bye ese!
[12:05] {jfjf64} mack the knife
[12:06] {Jenh} wow. still quick jumps with IWM
[12:09] {jfjf64} common alice
01[12:15] {@Threei}  1:2
[12:16] {dino} baba rockin
[12:17] {jfjf64} yee haa
[12:17] {dino} calls working nicely
[12:28] {RonS} Ottawa gunman applied to renew his Libyan passport before shooting but was denied
[12:58] {nemo} SPY holding that trend line
01[13:10] {@Threei} Long Setup:  VXX  .20 break
01[13:10] {@Threei}  If holds  .10
01[13:32] {@Threei} Long Setup:  GM  .26
01[13:32] {@Threei}  If holds  .20
01[13:51] {@Threei}  wow, GM slowed down even more than its cars
01[13:52] {@Threei}  watching IWM for pullback entry
01[13:52] {@Threei}  around .90
[13:54] {nemo} VXX
01[14:00] {@Threei}  in IWM .91
01[14:00] {@Threei}  stop .84
01[14:00] {@Threei}  lunch time, keeping stops really tight
[14:00] {nemo} it's 2:00 dude
01[14:00] {@Threei}  market lunch time is 3 hours
01[14:01] {@Threei}  from 11 to 2
01[14:01] {@Threei}  then from 2 to 3 is digestion time
01[14:01] {@Threei}  and from 3 to 4 trading again
01[14:01] {@Threei}  dude
[14:01] {nemo} OP EX Friday dude
01[14:02] {@Threei}  that actually works for my point, not yours... dude
[14:02] {nemo} the dude abides
01[14:03] {@Threei}
[14:03] {nemo} we need help Vad, we think alike
01[14:04] {@Threei}  I don't know about you but I am beyond help I am afraid
[14:04] {nemo} At least you don't own guns
01[14:04] {@Threei}  save yourself if you think you still have a chance
[14:04] {nemo} I'm trying the vodka cure
[14:05] {nemo} maybe an exorcist?
01[14:06] {@Threei}  thanks, I am staight
01[14:08] {@Threei}  market is locked in narrow range
01[14:08] {@Threei}  BBs tighten, but to tell which way it breaks is... anyone's guess
01[14:08] {@Threei}  up
01[14:09] {@Threei} Long Setup:  FB  .80 break
[14:09] {nemo} they have to go for the 50 day probably, if no weekend bad news we gap above on Monday
01[14:09] {@Threei}  If holds  .70
01[14:09] {@Threei}  a lot can happen over this weekend... EY stress test results, Brazil and Ukraine elections
[14:11] {nemo} oh jeez, I'm only 20% through assembling the rough draft and I'm already up to Pg 167
[14:13] {nemo} SPY backtesting the trendline
[14:15] {nemo} you mean EU?
01[14:16] {@Threei}  yeah
01[14:16] {@Threei}  break that .85 already FB
[14:16] {nemo} oh thank GOd, the Honey Boo Boo show was cancelled
01[14:16] {@Threei}  who?
[14:17] {nemo} frickin' reality show down here that epitomizes the Least Common Denominator principle for troglydites
01[14:17] {@Threei}  ok... lol
[14:17] {nemo} Seeing that makes you wonder why God doesn't go all Noah's Ark on us again
01[14:18] {@Threei}  not really... if he didn't do that after jerry springer, he never will
[14:18] {nemo} I think it has cosmological implications as to whether all humans actually have souls
[14:18] {nemo} no...sooner or later He'll get pissed off
[14:19] {nemo} things just pile up after awhile, and some little thing will set him off and POOF....Apocalypse!
[14:19] {nemo} sheesh...and to think, I'm sober
[14:20] {nemo} watch....
[14:20] {nemo} with our luck ese will survive
01[14:23] {@Threei}  1:1
[14:24] {jfjf64} what ya in
[14:24] {jfjf64} just got back
[14:24] {nemo} FB DB
01[14:24] {@Threei}  FB, jf
01[14:27] {@Threei}  1:2
01[14:27] {@Threei}  (close enough)
[14:27] {nemo} wow, volume getting low
01[14:27] {@Threei}  good boy FB
01[14:28] {@Threei}  give us 1:3 and I'll be happy
01[14:28] {@Threei}  happier
01[14:42] {@Threei}  1:3
01[14:43] {@Threei}  I am out
[14:44] {jfjf64} nice wk
[14:45] {jfjf64} logix update good scrool button
01[14:45] {@Threei}  where?
[14:46] {jfjf64} up top chart star
[14:46] {jfjf64} rihjt corner
[14:46] {jfjf64} did you update
[14:46] {nemo} you were late today, yes JF?
[14:46] {nemo} they must have issued it this morning
[14:47] {nemo} they fixed the sort functions in the gainer/loser watchlists
01[14:59] {@Threei}  what is the new version #?
[14:59] {nemo} probably 96
01[14:59] {@Threei}  I am on 95
[14:59] {jfjf64} 96
[14:59] {jfjf64} who r you
[14:59] {nemo} told ya'
[15:00] {nemo}
06[15:05] * @Threei slaps Chaeron around a bit with a greeting banner
[15:05] {nemo} give him two coins
[15:05] {RonS} lol
[15:05] {nemo} bunny showed up
01[15:06] {@Threei}  no coins, I better refuse to pay and stay on this shore
[15:06] {Chaeron} hi guys! Didn't want to interrupt... just saying hi to all. seeing the markets swinging like crazy these days and thinking of you all making tons of $
01[15:06] {@Threei}  hey Chaeron :)
01[15:06] {@Threei}  guessed right, this shaped up as the best trading month of the year
[15:06] {Chaeron} give me two coins and I'll trade them to a boatload... pardon the pun
01[15:07] {@Threei}  today is kind of quiet, but the month was fantastic
[15:07] {nemo} if spy gonna come in shoulb be now
[15:07] {Chaeron} great to hear. great job guys
01[15:07] {@Threei}  jf for instance manages to make money just pushing random buttons on random stocks
01[15:08] {@Threei}  with his eyes closed
[15:08] {nemo} back to simians writing Shakespeare
[15:08] {Chaeron} lol
[15:08] {nemo} then again, we don't know who wrote Shakespeare
01[15:08] {@Threei}  simians
01[15:09] {@Threei}  and two australopiteks
[15:10] {nemo} you mean australopithecus?
01[15:10] {@Threei}  something like that
[15:10] {nemo} I think Les was their ancestor
[15:11] {nemo} think SSO drop of .20 is playable
[15:11] {nemo} nevermind
[15:12] {nemo} it came back
01[15:14] {@Threei}  looks like VXX time but wasnt pullback
01[15:16] {@Threei} Long Setup:  VXX  .90 break
01[15:16] {@Threei}  If holds  .80
01[15:16] {@Threei}  that was fast
01[15:16] {@Threei}  anyone got it?
[15:16] {Jenh} no. tried
01[15:18] {@Threei}  valid again but this time with .84 stop
01[15:19] {@Threei}  1:1
01[15:20] {@Threei}  was obtainable this time
01[15:21] {@Threei}  trade by the book
01[15:22] {@Threei}  .89 stop for the balance
01[15:23] {@Threei} Long Setup:  IWM  .90 break
01[15:23] {@Threei}  If holds  .85
01[15:26] {@Threei}  SPY looks to me breakoutish
01[15:26] {@Threei}  and rallyish into eod
[15:26] {nemo} too funny it's looking short at the moment to me
[15:26] {nemo} finnies and iwm same setup
[15:27] {jfjf64} honeymooners here comon
[15:28] {Jenh} since it keeps pausing are you trailing the stop up
[15:28] {Jenh} still learning so i apologize if this is really basic
01[15:29] {@Threei}  not until it reaches 1:1
01[15:29] {@Threei}  1:1
[15:29] {Jenh} oh ok thanks
01[15:30] {@Threei}  now with half out stop of course is at .89
01[15:30] {@Threei}  standard operating procedure
[15:30] {Jenh} ok
01[15:31] {@Threei}  helps avoid thinking... thinking causes severe migraines, so it's a good thing
[15:31] {Jenh} i completely agree thanks
01[15:31] {@Threei}  also, there is this eternal nemo recipe to do thinking while standing up... and I hate it
01[15:32] {@Threei}  for some reason he thinks it increases blood flow to the brain
[15:32] {Jenh} :)
[15:33] {jfjf64} good week all ty vg
[15:33] {jfjf64} see monday
01[15:33] {@Threei}  take care jf
[15:33] {Jenh} have a great weekend jf!
[15:33] {jfjf64} u to jh
[15:33] {jfjf64} ty
01[15:34] {@Threei}  run IWM run
01[15:34] {@Threei}  let's do that rally and prove nemo wrrrrong
01[15:35] {@Threei}  1:2
[15:39] {Jenh} I'm out. +.12!
[15:39] {Jenh} thank you 3i!
01[15:39] {@Threei}  yw :)
01[15:42] {@Threei}  here comes test of the high
[15:43] {nemo} formed that dobulbe bottom on 196
01[15:44] {@Threei}  with all the weekend concers, selloff into eod was so obvious that martket just had to do the opposite and punish those who trade what they think
01[15:44] {@Threei}  ultimate "trade what you see"
06[15:44] * @Threei forcefully pats himself on the back, dislocates his shoulder and goes back to his corner
01[15:47] {@Threei}  1:3  IWM  close enough
01[15:47] {@Threei}  I am out
01[15:48] {@Threei}  ecked out pretty good day
[15:48] {Chaeron} you're just doing it so effortlessly to tease me back
01[15:48] {@Threei}  that's what I do... effortless tease people :)
01[15:48] {@Threei}  +ly
01[15:49] {@Threei}  too bad you haven't popped in three weeks ago
01[15:49] {@Threei}  you'd see some real fireworks, this today is just another day in the office
01[15:50] {@Threei}  so guys, have a great relaxing weekend, see you all on Monday
[15:51] {Jenh} u too. thank you! see you monday!
01[15:51] {@Threei}  unless earth opens and swallows Brazil or something
[15:52] {Jenh} :) hopefully we'll still be here. bye!