Wednesday, October 29, 2014

Oct 29 2104

Another fantastic day with abundant and juicy winners. 1:2, 1:3, 1:4, VXX, FB, GLD, what have you. Traders' market.

Close Market Snapshot US Indices
Wed, 29 Oct 2014 15:48 PM EST

- Dow Jones -0.1%
- S&P500 -0.5%
- Nasdaq -0.3%

US indices are volatile after the FOMC, falling over 0.5% in the first hour after statement release before reverting toward unchanged heading into the close. Basic materials names and gold miners are the clear laggards on the stronger USD implications of the less dovish Fed, while Financials have generally been bid.

Fixed-Income: US treasuries are sharply lower, particularly on the shorter end and the belly of the curve, after the FOMC announced the conclusion of QE3 with the final $15B taper. Accompanying positive comments on labor and household spending also bode well for the eventual tightening, even though the statement maintained "considerable time" language and the Fed funds futures are still not tipping a rise to 0.50% until Q3-4 of 2015.

- US 2-yr: +10bps at 0.49%
- 10-yr: +4bps at 2.33%; 3-week high
- 30-yr: flat at 3.06%
- 2-10 spread: -6bps at 1.84%

Energy: WTI Dec crude oil $82.16; Crude is up for the 2nd straight day after two losing sessions, rising to near- $82.90 or a 1-week high. DOE crude inventory build number was less than anticipated, which sent prices to their highs, though subsequent USD rally after the Fed statement briefly crude back below $82.

- Spot Gold $1,209/oz; Gold is down over $15 amid a sharp bounce in the US dollar after a slightly less dovish than expected FOMC statement. A low of $1,208 in the first hour also marks a 3-week low.
- Spot Silver $17.07/oz; Silver tested 2-week lows around $17.03 in the aftermath of the FOMC, down over 25c since the release.
- Dec Copper $3.08/lb; Copper traded up to 1-month high above $3.11 but fell sharply along with the rest of the metals after FOMC-infused USD rally.

Key Earnings at the close:

Looking ahead to Asia session:
- RBNZ Rate Decision 16:00ET

Session Time: Wed Oct 29 00:00:00 2014
[08:51] {dino} gm 3i
01[08:51] {@Threei}  dino :)
[09:01] {dino} x spike
01[09:03] {@Threei}  X Reports Q3 $2.16 adj v $1.17e, R$4.59B v $4.54Be
[09:04] {dino} holding some calls on it from last month
[09:12] {Jenh} good morning everyone!
01[09:13] {@Threei}  jen :)
[09:20] {nemo} Hope my hangover clears up by 2:00
[09:21] {nemo} DAX already in FED mode
01[09:22] {@Threei}  that's a very junior hangover
[09:22] {nemo} well, duh? it is mid-week
01[09:23] {@Threei}  slacking is slacking
[09:27] {dino} azpn
[09:27] {jfjf64} mornin
01[09:27] {@Threei}  jf :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -X +9% (earnings)
01[09:28] {@Threei}  -FCAU +8% (earnings)
01[09:28] {@Threei}  -CLSN +6.7% (presented preclinical data for TheraSilence Platform)
01[09:28] {@Threei}  -AKS +6.5% (announced price increases for carbon steel products)
01[09:28] {@Threei}  -ALLY +5.6% (earnings)
01[09:28] {@Threei}  -TQNT +5% (earnings)
01[09:28] {@Threei}  -RGLS +3.6% (priced 5.29M shares at $17/shr)
01[09:28] {@Threei}  -IACI +3.5% (earnings)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -INVN -22% (earnings)
01[09:29] {@Threei}  -ARCP -20% (CFO resigns, financials will be restated as accounting issues disclosed)
01[09:29] {@Threei}  -ORB -15% (confirmed launch failure of Antares Orb-3)
01[09:29] {@Threei}  -HIVE -12% (clarified ConnectED initiative details with Apple)
01[09:29] {@Threei}  -STM -10% (earnings)
01[09:29] {@Threei}  -FB -6% (earnings)
01[09:29] {@Threei}  -GRMN -5% (earnings)
01[09:29] {@Threei}  -SODA -4.2% (earnings)
01[09:32] {@Threei} Long Setup:  VXX  .70 break
01[09:33] {@Threei}  late
01[09:34] {@Threei} Short Setup: AA  .50 break
01[09:34] {@Threei}  If holds  .55
01[09:36] {@Threei}  1:1
01[09:39] {@Threei}  RKUS Ticks higher on circulation of earlier blog the states Google to use RKUS tech in its Wi-Fi service
01[09:40] {@Threei} Long Setup:  FB  .80 break hl
01[09:41] {@Threei}  If holds  .65
01[09:42] {@Threei}  1:1
01[09:42] {@Threei}  1:2
01[09:43] {@Threei}  out in full
[09:43] {dino} gj
01[09:43] {@Threei}  a bit too much drama
01[09:43] {@Threei}  ty
[09:44] {dino} azpn sm l .52
01[09:44] {@Threei}  HPQ Hewlett-Packard tweets: "Game-changing announcement happening now. Prepare to let your creativity grow"
01[09:44] {@Threei}  DDD Hewlett-Packard announcing its plans for 3D printing market - webcast
01[09:46] {@Threei}  shorted a bit...
01[09:46] {@Threei}  dino-like trader
01[09:46] {@Threei}  [HPQ] Announces plans for 3D printing market; claims new 3D product is 10x faster than any product on the market today - webcast - We are going to change the current limitations of 3D printing with new technology "Multijet Fusion"
01[09:47] {@Threei}  must be fastest 40 cents I made in a good while
[09:47] {dino} azpn stop .19 -.33
[09:47] {nemo} can't wait to see how much the cartridges cost
[09:47] {nemo} I'll take my 3-d in black and white thank you
01[09:47] {@Threei}  lol
[09:48] {dino} lol
[09:48] {nemo} what?  no comment jf?
[09:48] {jfjf64} lol
01[09:49] {@Threei}  good boy AA
[09:49] {nemo} can tell he did it's either "lol" or "wtf!"
01[09:49] {@Threei}  out DDD +1.00
[09:50] {jfjf64} wtf
[09:50] {Jenh} gj!
01[09:51] {@Threei} Long Setup:  HPQ  .70 break
01[09:51] {@Threei}  If holds  .60
[09:51] {nemo} having trouble with vwap
[09:51] {nemo} fb
01[09:51] {@Threei}  don't we all
[09:53] {dino} azon putting in higher lows
[09:53] {dino} azpn
01[09:55] {@Threei}  mib, see pm please
02[09:55] * Disconnected
Session Close: Wed Oct 29 09:55:35 2014

Session Start: Wed Oct 29 09:55:35 2014
Session Ident: #discussions
02[09:58] * Attempting to rejoin channel #discussions
03[09:58] * Rejoined channel #discussions
01[09:59] {Threei}  dino, see pm
06[10:00] * dino slaps Threei around a bit with a large trout
[10:01] {dino} just because i can
01[10:02] {@Threei}  was it rainbow trout or steelhead?
[10:02] {dino} steel
[10:03] {dino} azpn .30 trig l
01[10:03] {@Threei}  will do
01[10:03] {@Threei}  mib, see private message please
[10:06] {jfjf64} common hp turn printer ON
01[10:07] {@Threei}  1/4 more out AA
01[10:07] {@Threei}  stop .41 for the last piece
06[10:07] * nemo slaps threei around a bit with an opterygian ganoid
01[10:07] {@Threei}  wth is that
[10:08] {nemo} lungfish of the Devonian Period
01[10:10] {@Threei} Long Setup:  TWTR  .70 break
01[10:10] {@Threei}  If holds  .60
[10:10] {nemo} full red on algo
[10:12] {nemo} sheesh, other people's orders are showing up in my execution
01[10:12] {@Threei}  profitable?
[10:12] {nemo} have no idea, very unnerving
01[10:13] {@Threei}  stop to .64
[10:13] {jfjf64} ty nemo
[10:13] {jfjf64} algo red
[10:13] {jfjf64} caught vxx
[10:13] {nemo} yw
[10:14] {dino} gj jf
06[10:14] * @Threei slaps jfjf64 around a bit with a large roll of cash
[10:14] {jfjf64} .81 entry
[10:15] {jfjf64} pull bk go again
01[10:17] {@Threei}  mib422, see private message, and this is last time I ask you
06[10:17] * nemo racks the M4
[10:17] {jfjf64} mib careful
06[10:18] * nemo powers up the Eotech
[10:18] {jfjf64} steel boot
01[10:19] {@Threei}  I don't like to be ignored. I have wife for that
[10:19] {RonS} perfect
[10:19] {nemo} get a cat, it's cheaper
01[10:19] {@Threei}  and if I needed someone else to ignore me, I'd marry another one
[10:19] {jfjf64} lol
[10:19] {nemo} too expensive
01[10:19] {@Threei}  hmmm... maybe that's a good idea, let them ignore each other
[10:20] {dino} usna spike
[10:20] {jfjf64} 3i took vitamins today
[10:20] {nemo} friend of mine during his third divorce:  "Every 5-7 years I should just find a woman that hates me and buy her a house!"
01[10:20] {@Threei}  1:3  AA
01[10:20] {@Threei}  out
[10:21] {jfjf64} .01 long vxx
[10:22] {nemo} things should start going quiet
[10:24] {dino} 07 scrolling red
01[10:24] {@Threei}  wow... AA has more
[10:24] {nemo} look at daily, heading for gap
[10:25] {nemo} should test 16ish
[10:26] {jfjf64} dieeeeeeeeeeee
01[10:34] {@Threei}  mib, doubleclick on my name to answer
01[10:36] {@Threei}  you still in jf?
01[10:42] {@Threei}  lol
01[10:42] {@Threei}  mib, either you speak to me or next kick will be with ban
01[10:42] {@Threei}  doubleclick on my name
01[10:44] {@Threei} Short Setup: DAL  39 break
01[10:44] {@Threei}  If holds  .10
03[10:46] * Retrieving #discussions modes...
[10:48] {jfjf64} no die dal
[10:49] {jfjf64} now
01[10:49] {@Threei}  yes please
[10:49] {jfjf64} or feel sorry for mib
01[10:50] {@Threei}  shrug
01[10:50] {@Threei}  he can't say he hasn't been given a chance
01[10:50] {@Threei}  or two
[10:51] {jfjf64} if dal gives us 1:4 get third chance
[10:51] {dino} added sny calls
[10:52] {dino} stc aet calls from yesterday, +1.05 / 29%
[10:52] {jfjf64} g job dino
[10:53] {dino} ty
[10:53] {Jenh} gj!
[10:53] {dino} thx
01[10:54] {@Threei}  can world be this lucky...
[10:54] {dino} lets hope
01[10:56] {@Threei}  1:1  DAL
01[10:56] {@Threei}  forgot to post
[11:06] {jfjf64} how the algo nemo
[11:06] {nemo} mostly red, but there has been no real price change in the spy, so selling isn't intense
[11:06] {nemo} we're into the FED Siesta
[11:07] {nemo} SPY should try to get back to vwap
[11:07] {nemo} IWM looking weak
[11:07] {jfjf64} ty
[11:07] {jfjf64} like iwm long
[11:07] {nemo} look at this story:
[11:11] {jfjf64} cant make this up
[11:11] {nemo} no...well we are the bluest of states
[11:13] {jfjf64} yhoo  grinding up
[11:38] {jfjf64} slit my rist
[11:39] {dino} i think to say, "gun to the head" time
[11:39] {jfjf64} yeah
[11:39] {jfjf64} thinkin liquid lunch
[11:44] {dino} lol jf, i was just thinking who can i call for happy hour
[11:45] {jfjf64} what a life
[11:45] {jfjf64} lol
[11:45] {jfjf64} long island
[11:46] {jfjf64} love to hv a beer with ya
[11:46] {dino} some day
[11:46] {jfjf64} will do
[11:46] {jfjf64} all the boys
[11:46] {jfjf64} you to jen
[11:46] {Jenh} thanks for including me too :)
[11:47] {Jenh} appreciate it!
[11:47] {Jenh} i guess this had been a boys club for some time before i came
[11:47] {jfjf64} jen how do ya like the course
[11:47] {jfjf64} 111 trades
[11:47] {Jenh} i like it a lot
[11:48] {Jenh} it's really helpful
[11:48] {Jenh} finally starting to see the formations
[11:48] {jfjf64} never looked at it yet
[11:48] {jfjf64} want to
[11:49] {jfjf64} maybe 3i put it in mystocking for christmas
[11:50] {jfjf64} opps mean santa
[11:50] {dino} jen says boys club and 3i kicks her out
[11:50] {jfjf64} lol
01[11:50] {@Threei}  I'd never
[11:50] {dino} i know
[11:50] {jfjf64} 3i has riot gear on today
[11:51] {jfjf64} mib /mia
[11:51] {jfjf64} lol
[11:52] {Jenh} lol
[12:02] {jfjf64} siesta over??
01[12:02] {@Threei}  could be
01[12:02] {@Threei}  watching VXX
[12:02] {jfjf64} me too
[12:03] {dino} mtg at 2:15 right?
01[12:03] {@Threei}  2\
01[12:03] {@Threei}  2:00
[12:04] {jfjf64} another meetin
01[12:05] {@Threei}  ugh
[12:06] {dino} fed i mean, ty
[12:07] {jfjf64} pull bk to .25
[12:07] {jfjf64} wd be nice
[12:07] {jfjf64} vxx
[12:11] {jfjf64} .40 hold .35
[12:11] {jfjf64} ??
01[12:14] {@Threei}  not sure
[12:16] {jfjf64} 5 min wants higher
[12:16] {jfjf64} flag
01[12:19] {@Threei}  The FOMC decision drops later today, and there is little chance the committee will not end the QE bond buying program as expected. All eyes are on whether the "considerable time" language remains a part of the statement or gets removed. Whether it goes now or in December, Fed watchers expect it to be replaced by something similar in spirit but without any calendar-based overtones.
01[12:39] {@Threei} Long Setup:  VXX  .30 break
01[12:41] {@Threei}  If holds  .20
[12:49] {jfjf64} who wants double top
01[12:49] {@Threei}  I am all for those
01[13:05] {@Threei}  LOL, from a friend in Winnipeg: "Tonight I found out what real cold is. My outside thermometer knocked on the window and asked to be let inside"
[13:05] {Jenh} lol
[13:05] {jfjf64} lol
01[13:06] {@Threei}  I don't know how people live in those climes
01[13:06] {@Threei}  most importantly, why
01[13:08] {@Threei}  1:1
[13:08] {jfjf64} forgot was still in'
01[13:09] {@Threei}  lol
01[13:09] {@Threei}  early onset of alzheimer?
[13:09] {jfjf64} 100%
01[13:09] {@Threei}  I sympathize
[13:09] {jfjf64} but I do remember double top
01[13:09] {@Threei}  attention span of a moth is my trademark
01[13:10] {@Threei}  I actually envy a fish that has atention span of 21 seconds, thus can theoretically bit the bait off the same hook 3 times a minute
[13:10] {jfjf64} lol
01[13:12] {@Threei}  Half of Russians expect repeat of Stalin-era repression, poll says
[13:30] {jfjf64} im gonna skip
[13:30] {jfjf64} all enjoy
01[13:30] {@Threei}  take care jf
[13:30] {Jenh} thx. bye jf!
[13:36] {nemo} anybody awake?
01[13:36] {@Threei}  1:2
[13:37] {Jenh} still here
[13:38] {nemo} I see indexes have been dripping lower since I've been gone
[13:38] {nemo} wow FDX number 1 weak stock
[13:45] {nemo} mmmhhhh Dax closed almost flat
[13:45] {dino} .
[13:46] {Jenh} dammit. my computer just said i have a virus and i can't have the scanner on with etrade running
[13:46] {Jenh} i have to go.
[13:46] {Jenh} gl trading evreyone
[13:46] {Jenh} perfect timing too
01[13:46] {@Threei}  strange
[13:46] {Jenh} see you tomorrow!
[13:46] {Jenh} i know
01[13:46] {@Threei}  what does virus have to do with scanner?
[13:46] {Jenh} virus scanner
[13:46] {Jenh} not stock scanner
01[13:46] {@Threei}  ah
[13:47] {Jenh} take care!
01[13:47] {@Threei}  you too
[13:54] {dino} bbsi hard drop
[13:56] {dino} vxx, tlt, tbt
[13:57] {dino} smr l vxx .07
[13:57] {nemo} we should get the cha cha cha...third cha likely the direction
[13:58] {dino} down, up, down
[13:58] {nemo} or up, down, up
[13:58] {dino} lol
[13:58] {dino} place your bets
[13:58] {nemo} I'll wait for the shake
01[13:59] {@Threei}  Vote 9-1 (Kocherlakota (dove) dissented)
[14:02] {dino} out vxx .37, +.30
01[14:03] {@Threei}  it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the Committee's employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.
01[14:03] {@Threei}  the art of saying nothing
[14:06] {nemo} look for 197 spy test 50 day around 196.80
[14:08] {nemo} o.k. 197.10 test
[14:09] {nemo} this is the second cha, looks like down soon
01[14:13] {@Threei}  think so too
01[14:14] {@Threei}  thur she blows
[14:15] {nemo} could argue long here for a bounce
[14:16] {nemo} here's 50 day
[14:16] {nemo} algo getting redder
01[14:17] {@Threei} Long Setup:  VXX  .5\0 break
01[14:17] {@Threei}  If holds  .40
01[14:18] {@Threei}  too fast moves
[14:18] {nemo} Hawaii 5/0?
01[14:18] {@Threei}  disregard for now
[14:19] {dino} added db calls
01[14:19] {@Threei} Long Setup:  VXX  .40 break
01[14:19] {@Threei}  If holds  .30
01[14:21] {@Threei}  nah
01[14:21] {@Threei}  turned 1 cent from 1:1
[14:22] {nemo} spy gonna test the .80 level and vwap right above 198
[14:22] {nemo} this .50 level first resistance
[14:22] {nemo} vxx vwap .18
[14:24] {dino} adpt spike
[14:25] {nemo} could argue VXX long here
[14:26] {nemo} IWM strong
[14:27] {dino} down, now up, shold drop again
[14:27] {dino} should
01[14:27] {@Threei} Long Setup:  VXX  .10 break
01[14:27] {@Threei}  If holds  31
[14:27] {nemo} looks good Vad
01[14:27] {@Threei}  1:1
[14:28] {nemo} spy having trouble with .80 area and iwm with 200day/vwap
[14:28] {dino} damn missed it, was at 31.00
[14:28] {nemo} how'd you miss it went to .95
[14:28] {dino} went after the bounce, thought it would come back
[14:28] {nemo} looks like spy gonna test resistance near vwap
[14:29] {nemo} it just did
[14:29] {dino} cx
[14:29] {nemo} wait until they take 198 stops on spy
[14:29] {nemo} vwap @ that 198.10 resistance, they'll try to push to .20
[14:31] {dino} going w/o me again
[14:31] {nemo} did you always go home alone from the bar dino?
01[14:31] {@Threei}  hectic eh?
[14:31] {dino} lol
01[14:31] {@Threei}  lol
06[14:32] * @Threei hands dino a bar stool to slap nemo with
[14:32] {dino} nah, i'll just buy him a shot
06[14:32] * nemo turns the barstool over so Dino can sit down
[14:32] {nemo} what caliber Dino?  ;-)
[14:33] {dino} flavor, tequila
[14:33] {dino} cabo or patron
[14:33] {nemo} you buyin' I'm drinking
[14:33] {dino} tequila is liquid cocaine
[14:33] {nemo} Oh, yeah, Patron was featured at a coupla' book nights
[14:33] {nemo}, sorry Dino, my extensive experience disagrees with you
[14:34] {dino} azpn sm l .00
[14:34] {dino} lol, wakes me up
[14:35] {nemo} wow
[14:35] {nemo} there was nothing worse than running out of coke and after having been drinkin for hours...all of a sudden you are really drunk...been 30 years...frankly, don't even like thinking about it
[14:36] {dino} drugs were not my thing, but booze, as the cool aid guyy says, "oh yeah"
[14:36] {nemo} these days I shoot Nyquil
[14:37] {nemo} looks like 198.10 resistance with vwap roof
[14:37] {nemo} mmmhhhhh....Vad....can you snort Viagra?
[14:37] {nemo} Ese would probably know
01[14:38] {@Threei}  well, there is russian all-female band under that name
[14:38] {nemo} viagra snorters?
[14:38] {nemo} what? do they deliver it orally as a topical?
01[14:39] {@Threei}  have a look, your questions will be answered:
[14:42] {nemo} mmmhhh....they definitely rate
[14:43] {nemo}
01[14:45] {@Threei} Long Setup:  VXX  .25 break
01[14:45] {@Threei}  If holds  .15
01[14:46] {@Threei}  1:1
01[14:46] {@Threei}  1:2
01[14:47] {@Threei}  1:3
01[14:47] {@Threei}  good girl
01[14:48] {@Threei}  jf will be so sorry he quit early today
[14:48] {dino} gj
01[14:49] {@Threei}  ty
[14:53] {jfjf64} jf is back and sick
01[14:53] {@Threei}  thought so
[14:55] {jfjf64} gld got whacked
01[14:55] {@Threei} Short Setup: GLD  ./60 break
01[14:56] {@Threei}  daily is horrific
01[14:56] {@Threei}  this thing is going to crash and vurn
01[14:56] {@Threei}  burying hordes of goldbugs under its wreckage
[14:57] {dino} bonds spike
[14:58] {jfjf64} wow spy
[14:58] {dino} think its 2 sided 3i
[14:59] {dino} break .70 and up imo
01[14:59] {@Threei}  probably
[15:01] {dino} azpn to b/e
[15:02] {cosmo} gold selling as earnings dissapoint, right?
[15:03] {jfjf64} common hit it boys
01[15:03] {@Threei}  lol
01[15:03] {@Threei}  it has also cut dividend
[15:03] {cosmo} :)
01[15:04] {@Threei}  1:1
01[15:04] {@Threei}  1:2
[15:04] {dino} you were right 3i, gj
01[15:04] {@Threei}  1:3
01[15:04] {@Threei}  :)
[15:05] {jfjf64} good find jf
01[15:05] {@Threei}  1:4
01[15:05] {@Threei}  out
01[15:05] {@Threei}  now, in my wife's interpretation it shounds this way: you were right, again... sheesh, just how irritating this is
[15:06] {dino} azpn to .30
[15:07] {dino} to .40
[15:07] {jfjf64} fb
[15:08] {cosmo} 3i you're not being ignored...that's key...
[15:08] {jfjf64} good sell gld
[15:08] {jfjf64} luv it
01[15:09] {@Threei}  yes cosmo, my options range from being ignored to being irritating :)
[15:09] {cosmo} i c
01[15:10] {@Threei}  isn't it nice to have options
[15:11] {jfjf64} twtr
[15:14] {dino} out azpn .60, +.60
[15:14] {jfjf64} nice dino
[15:14] {dino} thx
01[15:37] {@Threei} Long Setup:  FB  .80 break
01[15:37] {@Threei}  If holds  .70
01[15:38] {@Threei}  actually let's make stop .74
01[15:38] {@Threei}  time's an issue
01[15:38] {@Threei}  tail bottomed there
01[15:39] {@Threei}  and no need to risk much at the end of another great day
[15:46] {jfjf64} to the moon alice
01[15:47] {@Threei}  1:1
[15:47] {nemo} spy looks short here
01[15:48] {@Threei}  no time
01[15:51] {@Threei}  1/4 more out
[15:52] {jfjf64} me done
[15:52] {jfjf64} ty vg
01[15:54] {@Threei}  yw
01[15:54] {@Threei}  these days are so worthy of waking up, lol
[15:55] {jfjf64} for sure
[15:55] {jfjf64} see all tommoroww
01[15:55] {@Threei}  OK guys, thank you all
[15:55] {dino} calling it a day, thx all, gn
01[15:55] {@Threei}  have a great evening, see you tomorrow