Tuesday, October 21, 2014

Oct 21 2014

Quiet but decently profitable day. Gap-n'stall, rarely good for us but still worked out fine.
Ahead of the Close Market Snapshot
Tue, 21 Oct 2014 15:57 PM EST

US Indices:
- Dow Jones +1.2%
- S&P500 +1.9%
- Nasdaq +2.2%

- Broad based market rally is led by Services, Healthcare, and Basic Materials, while the defensive Utilities sector is lagging the gainers. Bullish momentum in travel related names carried over from yesterday along with strength in Energy. KO, CMG, and IBM are the laggards in the SP500 in the wake of their soft earnings reports.

Fixed-Income: Treasuries reversed the overnight gains as risk-on sentiment in US has shifted some flows in favor of equities. 2-10 spread has widened marginally for the 3rd day. European periphery stress in Greece is back, with the yield on the 10-yr up 35bps at 7.45%.
- US 2-yr: +1bps at 0.35%
- 10-yr: +4bps at 2.22%
- 30-yr: +4bps at 3.00%
- 2-10 spread: +3bps at 1.87%

- WTI Dec crude oil $82.64; Crude in consolidation mode for the past 3 days after hitting its multi-month lows below $80 last week. Comments from Algeria Oil Min earlier today hinting OPEC could take action to respond to falling prices.

- Spot Gold $1,248/oz; Gold hit a high of $1,255 in early trade - a 6-week high - and now up $60 from the lows in the span of 2 weeks. The rebound is in part the function of lower USD, with downward inflection in the greenback against both EUR and JPY coming in the first week of the month.
- Spot Silver $17.51/oz; Silver hit 1-week high above $17.65 in early US trade before retreating to low $17.50s. $17.52 technically significant as the overnight high.
- Dec Copper $3.03/lb; Base metals are generally higher, tracking the overall market rally while shrugging the rebound in USD. Copper is at the highest level since last Wednesday.

Key Earnings at the close:

Looking ahead to Asia session:
- Japan Trade Balance 19:50ET
- Australia Q3 CPI 20:30ET


Session Time: Tue Oct 21 00:00:00 2014
[08:58] {dino} gm 3i
01[08:59] {@Threei}  dino :)
[09:16] {RonS} howdy doodies
01[09:18] {@Threei}  ron :)
[09:18] {troub} good morning
01[09:19] {@Threei}  troub :)
[09:26] {Jenh} Good morning everyone!
01[09:26] {@Threei}  jen :)
[09:28] {jfjf64} morning all
01[09:28] {@Threei}  jf :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -LIVE +24% (CEO purchasing up to 250K shares in open-market transactions, approx. 1.7% outstanding)
01[09:28] {@Threei}  -ILMN +10% (earnings, raised outlook)
01[09:28] {@Threei}  -HOG +6.5% (earnings)
01[09:28] {@Threei}  -COV +3.5% (positive broker commentary)
01[09:28] {@Threei}  -AAPL +3% (earnings)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -OMER -12% (update on PDE10 inhibitor program - enrollment suspended for Huntington's trial)
01[09:29] {@Threei}  -PBR -9% (Datafolha poll)
01[09:29] {@Threei}  -BBD -6.5% (Datafolha poll)
01[09:29] {@Threei}  -UCTT -5.6% (earnings)
01[09:29] {@Threei}  -IBIO -5.5% (company has little chance of generating meaningful revenue from Zmapp - Feuerstein)
01[09:29] {@Threei}  -ARMH -5.5% (earnings)
01[09:29] {@Threei}  -KO -4.7% (earnings)
01[09:29] {@Threei}  -CMG -4.6% (earnings)
01[09:29] {@Threei}  -EWZ -4.5% (Datafolha poll)
01[09:29] {@Threei}  -APOL -4% (earnings)
01[09:29] {@Threei}  -RMBS -3.7% (earnings)
[09:29] {_petersh} good morning all
01[09:30] {@Threei}  peter :)
01[09:33] {@Threei} Short Setup: FB  .50 break
01[09:33] {@Threei}  If holds  .60
01[09:34] {@Threei}  stop to .56
01[09:35] {@Threei}  meh
01[09:38] {@Threei} Long Setup:  DAL  .15 break
01[09:38] {@Threei}  If holds  .05
01[09:38] {@Threei}  1:1
[09:39] {dino} armh?
[09:39] {dino} sm l .35
01[09:40] {@Threei} Long Setup:  EBAY  50 break
01[09:40] {@Threei}  If holds  .90
[09:40] {nemo} dino, it's not 9:45 yet
01[09:42] {@Threei}  Invalidated
[09:43] {dino} yeah, i see that, jumped the gun
[09:43] {dino} will most likely pay for that
01[09:45] {@Threei} Long Setup:  TWTR  .35 break
01[09:45] {@Threei}  If holds  .25
01[09:47] {@Threei}  (US) Preview: Sept Existing Home Sales expected at 10:00 ET (14:00 GMT) - Consensus expectations: 5.10Me v 5.05M prior
[09:49] {dino} armh stop -.30
[09:49] {nemo} broke your own rules
[09:49] {dino} and paid for it
[09:49] {nemo} no supper tonight dino
01[09:49] {@Threei}  stubborn seller at .40
[09:50] {dino} odd tho, hit expectations and raised guide
01[09:50] {@Threei}  dam's broken
01[09:50] {@Threei}  1:1
[09:50] {dino} re-load .00
01[09:51] {@Threei}  1:2
01[09:51] {@Threei}  1:3
01[09:51] {@Threei}  out
[09:51] {RonS} twtr +.30 thanks 3i
01[09:51] {@Threei}  yw
[09:52] {jfjf64} +31 ty
01[09:52] {@Threei}  :)
[09:53] {jfjf64} nemo
[09:53] {jfjf64} vwap on logix
[09:53] {nemo} yes
[09:53] {nemo} they added it last weekend
[09:55] {ese} gm
01[09:55] {@Threei}  ese :)
[09:55] {ese} vad
01[09:58] {@Threei} Long Setup:  FB  .60 break
01[09:58] {@Threei}  wait
01[09:58] {@Threei}  let's let numbers gp by
01[09:58] {@Threei}  2 min
[09:58] {nemo} yeah, don't want to pull a Dino
[09:59] {Jenh} gp?
[09:59] {RonS} make money by being lucky?
[09:59] {Jenh} gap?
01[09:59] {@Threei}  go
[09:59] {Jenh} oh sorry
01[09:59] {@Threei}  typed with fins
[09:59] {nemo} Jen, you'll learn Vad's shorthand
[09:59] {Jenh} :)
[09:59] {nemo} he types with a Ukranian accent
[09:59] {Jenh} thanks!
01[10:00] {@Threei}  *(US) SEPT EXISTING HOME SALES: 5.17M V 5.10ME
01[10:00] {@Threei}  ese will be my witness... I do have swimming fins on my hands at all times
[10:01] {nemo} http://goo.gl/xoTLZQ
01[10:07] {@Threei} Long Setup:  IWM  .70 break
01[10:07] {@Threei}  If holds  .60
01[10:10] {@Threei}  time to break, market
01[10:11] {@Threei}  and to the moon, alice
[10:12] {nemo} grind up again
01[10:12] {@Threei}  1:1
[10:14] {nemo} back into summer trading
01[10:14] {@Threei}  are you ever optimist
[10:14] {nemo} realist
[10:14] {nemo} is what it is
01[10:15] {@Threei}  well yah... according to ancient soviet definition, you are
[10:15] {nemo} relative volume today and yesterday is negative, lends to grind up environment
01[10:15] {@Threei}  "optimist studies English, pessimist - Chinese, realist - AK-47"
[10:15] {jfjf64} how was summer trading nemo wasn't here
01[10:15] {@Threei}  1:2
[10:15] {nemo} had a massive atr expansion in indexes, expansion leads to contraction
01[10:17] {@Threei}  ok... I envisioned moon as a bit more than 20 cents, but I'll take it
[10:18] {jfjf64} took .14 and ran
[10:18] {jfjf64} ty
01[10:18] {@Threei}  yw
[10:19] {jfjf64} nemo got me thinkin contraction expansion infliction
[10:20] {RonS} took armh 38.10 ave out .80 +.70 good one dino
[10:20] {jfjf64} good job rs
[10:20] {RonS} hmm actually .85 +.75...
[10:21] {dino} wtg ron, yw, still in here
01[10:21] {@Threei}  good one guys
[10:24] {jfjf64} ccl
[10:28] {nemo} jf, you're better off not thinking
[10:28] {nemo} If you have to, at least stand up and take the pressure of your brain
[10:32] {dino} armh stop to .89
[10:37] {nemo} actually not much action algo universe3 129 only 49 stocks have signaled
[10:38] {dino} to .97
[10:44] {RonS} thinkin good thing he did not have a lower gi problem:  Paralyzed man walks again after nose cells are placed in spine: http://bloom.bg/1uzlQGK
[10:44] {ese} L mack.69 3/4
[10:44] {RonS} bobby darren play?
01[10:44] {@Threei} Short Setup: TWTR  .50 break
01[10:44] {@Threei}  If holds  .60
[10:45] {ese} huh......what is the bobby darren play?
[10:46] {RonS} https://www.youtube.com/results?search_query=bobby+darin+mack+the+knife
[10:47] {ese} ahhh yes....i've seen those clips.....were talking about catching the perverbial falling knife?
[10:48] {RonS} geez ese, don't overthink it...only a joke
[10:48] {ese} my frame of mind lately......
01[10:50] {@Threei}  loss of .40 should start cascade on TWTR
01[10:52] {@Threei}  1:1
01[10:56] {@Threei}  ok, it's a very slow cascade
01[10:56] {@Threei}  new kind
[10:56] {ese} lol
01[11:05] {@Threei}  ok... now it's a cascade up, gravity has been canceled for today
[11:12] {dino} armh to .09
[11:13] {dino} to .19
01[11:18] {@Threei} Long Setup:  VXX  .75 break
01[11:19] {@Threei}  If holds  .65
[11:19] {dino} out armh 39.19, +1.19
01[11:21] {@Threei}  Russian and French experts were investigating Tuesday a plane crash at a Moscow airport which killed the CEO of French oil giant Total, Christophe de Margerie, whose private jet struck a snowplough on takeoff.
01[11:21] {@Threei}  Russian investigators said the driver of the snow-clearing machine was drunk and that his actions, along with "an error by air traffic controllers", appeared to have led to the crash
[11:22] {nemo} likely excuse
[11:22] {nemo} funny...Ukraine oil and gas  Russia Total...nah, no coincidence
01[11:22] {@Threei}  I don't think so... guy was one a few Russia supporters
01[11:26] {@Threei}  no go VXX
[11:26] {nemo} it's basically a short until SPY gets to the 50 day
01[11:28] {@Threei}  gap ip and slow drift up, my least favorite kind of day
[11:36] {dino} rent spike
[11:38] {RonS} dino the landlord?
01[11:38] {@Threei}  lol
01[11:38] {@Threei}  Heartburn from lousing McDonalds and Coca-Cola results is not preventing markets from racking up impressive gains this morning, as traders home in on possible ECB stimulus talk and Apple's big quarter. Note that the September existing home numbers hit a one-year high.
[11:38] {dino} roflol, good one
01[11:38] {@Threei}  There were conflicting reports making the rounds earlier this morning that the ECB may have begun moving toward full-blown QE. Press reports out around 06:00ET asserted that the ECB was considering buying corporate debt on the secondary market in early 2015
01[11:39] {@Threei}  hmmm... I suspect Ron started writing for my newswire:
01[11:39] {@Threei}  Coca-Cola is looking like a warm, flat soda this morning, with shares down 6.2% as of writing
[11:39] {RonS} lol
[11:39] {dino} in early '15? in eu that may be too late
[11:39] {nemo} should have said "with shares fizzling"
01[11:40] {@Threei}  NQ Shares lower; Muddy Waters reiterates cautious comments- Muddy Waters tweets: "$NQ Not a stock for real investors, just pure gamblers."
[11:40] {RonS} '15... 3Greek bailouts ffrom now...
01[11:40] {@Threei}  lol
[11:41] {dino} no kidding on. the greeks are just waiting for a refusal on a bailout, then they default and go back to their own currency
[11:41] {nemo} and that will start the cascade
[11:42] {nemo} EUFU!
[11:42] {dino} indeed. the lesson of this mess, never give up control of your currency
[11:43] {nemo} It must gaul most of Europe to have to listen to the French
[11:43] {RonS} sheesh, they are Gauls...
[11:43] {ese} am outta here...cya tomorrow L mack -.06 and rdnt +.70 rdnt 1/2 lot sold 1/2 yesterday
[11:43] {nemo} that was the point of my comment Ron
[11:44] {nemo} was wondering if anybody would pick up on it
[11:44] {RonS} ...just trying to educate ese...
[11:44] {nemo} be better off putting him out of our misery
[11:45] {dino} lol
01[11:45] {@Threei}  brutal
[11:45] {nemo} what?
01[11:45] {@Threei}  gauling too
[11:45] {nemo} nice Vad
[11:45] {dino} the strike hurt ese standing
06[11:45] * @Threei takes a bow
[11:46] {nemo} the hypocrisy cracks me up
06[11:46] * dino slaps Threei around a bit with a large trout
[11:46] {nemo} every one is a socialist until it comes out of their pocket
06[11:46] * @Threei runs to the shower
[11:47] {dino} most are socialists until they get their first real job
[11:47] {nemo} DAX closed on highs
[11:48] {nemo} yeah, and then look at everything taken out of their paycheck
01[11:48] {@Threei}  I have to say this... as you can imagine, I met a lot of socialists on both sides of the pond. ese is one of the most pleasant ones :)
[11:49] {nemo} well, u have to cut him a little slack, he is an...ahem...artist
01[11:49] {@Threei}  and hey... have you see those singer girls I get to photograph thanks to him?? :)
[11:49] {nemo} yep
[11:50] {dino} understood
01[11:51] {@Threei}  poor dptl still stutters every time he sees those photos, lol
[11:51] {nemo} btw...I think Natasha Mcelhone is rather attractive
[11:51] {nemo} that reminds me, haven't heard from the german ex, guess she won't be stopping in on this trot across the pond
01[12:02] {@Threei} Long Setup:  LVS  .70 break
01[12:02] {@Threei}  If holds  .60
[12:03] {nemo} lunchtime breakouts
[12:03] {nemo} oy
01[12:05] {@Threei}  this is not a breakout
01[12:05] {@Threei}  this is crawlout
[12:06] {nemo} indexes gonna come in a bit
01[12:06] {@Threei}  Invalidated
[12:06] {nemo} that is if iwm can't get above 110
01[12:07] {@Threei}  valid again
01[12:07] {@Threei}  crap, wanted .60 entry as aggressive
01[12:07] {@Threei}  and happened too fast for the call
01[12:12] {@Threei}  1:1
06[12:12] * @Threei slaps nemo with a large wooden stake labeled "do not undermine my authority as crawlout specialis"
[12:22] {Jenh} is it just me or are there no time and sales even though the bid and ask have been changing
01[12:22] {@Threei}  ok here
01[12:22] {@Threei}  what broker do you use?
[12:22] {Jenh} i've had etrade issues before, may need to call them
[12:22] {Jenh} etrade
[12:22] {Jenh} ok thanks
[12:22] {Jenh} will call
[12:22] {nemo} NYSE is having problems today, wonder if your data coming through them
[12:23] {nemo} slow trading though
[12:23] {Jenh} oh maybe that could be it
01[12:44] {@Threei}  [YHOO] Recode's Kara Swisher: Can CEO Mayer turn around her turnaround of Yahoo or is the end game near? - Swisher says Yahoo could possibly be preparing to sell its Asian assets, return most of the money to shareholders and go private with a large private equity firm
01[12:44] {@Threei}  told ya, BABA was the last thing YHOO had going
[12:47] {dino} asps wow
[13:00] {nemo} spy short .60 if stays under .70 is good
[13:04] {nemo} resistance @.80ish
01[13:04] {@Threei}  ?
[13:04] {nemo} spy
[13:04] {nemo} could recalibrate the short here
[13:05] {nemo} your .10 centers
[13:05] {nemo} short .70 resistance .80
01[13:05] {@Threei}  it's at 193.07
[13:05] {dino} ocn crushed w/asps
[13:13] {RonS} Lawsky Says Ocwen Backdated Letters to Mortgage Borrowers http://bloom.bg/1CQJaEp
01[13:14] {@Threei}  nice
01[13:15] {@Threei}  also, good thing Lawsky is here to protect us from Crimsky
[13:16] {RonS} bur Crikey out in the cold...lost his s...
01[13:16] {@Threei}  lol
[13:16] {RonS} -r +t
[13:17] {dino} asps smr l .20
[13:19] {dino} out asps 78.69, +2.49
01[13:19] {@Threei}  wtg
[13:19] {jfjf64} wow
[13:20] {jfjf64} nice
[13:20] {dino} too soon
[13:20] {nemo} spy short working
[13:20] {nemo} oh, now I see your confusion, I was in sso
[13:20] {nemo} oops
01[13:21] {@Threei}  great... had you acknowledged it 5 min ago, I'd have a couple dozen more hairs left
01[13:22] {@Threei}  I'll blame my increased baldness on you
[13:22] {jfjf64} don't mind nemo either blond or has dow syndrome
01[13:23] {@Threei}  can't he be/have both?
[13:23] {nemo} nice jf, it's "down" syndrome
[13:23] {nemo} you can't insult for shit
[13:23] {jfjf64} oh ya got me
[13:23] {jfjf64} haaaaaaaaaaaaaaaaaa
01[13:24] {@Threei}  dow syndrome is traders' modification of down syndrome
[13:24] {jfjf64} ty vg
[13:24] {nemo} nice try Vad...nope
[13:24] {jfjf64} he to worried bout inflictions
01[13:25] {@Threei}  there is also qqq syndrome, which is trader's version of "cuckoo"
[13:27] {jfjf64} qqqemo
[13:27] {nemo} pot, meet kettle
[13:27] {nemo} sheesh
[13:28] {jfjf64} lol
[13:28] {jfjf64} ya alright qqemo
[13:28] {nemo} and we ain't talkin' Ketel 1...speaking of...
[13:28] {jfjf64} my fav vodka
[13:29] {nemo} tell ya' what, this hangar 1 from California is really good
01[13:29] {@Threei}  ok, I have to break this with uplifting influence of art
01[13:29] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/733561136723404/?type=1&theater
[13:32] {jfjf64} little infliction going on
[13:33] {Jenh} g2g
[13:33] {Jenh} happy trading guys!
[13:33] {nemo} jf
[13:34] {nemo} it's INFLECTION!
[13:34] {nemo} inflict is what your presents does here
[13:34] {nemo} prescence
[13:34] {nemo} sheesh
01[13:37] {@Threei}  [AAPL] Issues commentary on server activity; iCloud servers have not been compromised but are aware of organized network attacks
01[13:37] {@Threei}  wow
01[13:37] {@Threei}  they left our server alone and went for AAPL {G}
01[13:54] {@Threei} Long Setup:  LVS  .50 break
01[13:54] {@Threei}  If holds  .40
[14:01] {dino} asps smr l .08
[14:02] {dino} out asps .77, +.69
[14:03] {nemo} $1 spread, sheesh
[14:03] {dino} pulp
[14:03] {RonS} and dino's on both sides
01[14:05] {@Threei}  lol
[14:05] {dino} lol
[14:05] {dino} keep selling a dollar too soon
[14:05] {nathan} hi all
01[14:05] {@Threei}  better than a dollar too late
01[14:05] {@Threei}  hey nathan
[14:06] {dino} indeed
01[14:06] {@Threei}  then there is a poke in the eye, which too is not the best option
01[14:06] {@Threei}  1:1
[14:17] {dino} asps smr l .43
[14:18] {dino} out asps .50, +1.03
[14:18] {dino} opps, +1.07
01[14:19] {@Threei}  tried to hide 4 cents from tax body?
[14:19] {nathan} gj dino
[14:19] {dino} thx nat
[14:19] {dino} too early again
[14:19] {nemo} yeah, well with that spread better too early than too late
[14:20] {dino} yeah, gut thinking that way
[14:20] {dino} wow tho, jumped 3 bucks
[14:21] {dino} opps thats the ask, spread widened
[14:24] {dino} sheesh, theres the 3
[14:47] {nathan} love vxx
01[14:48] {@Threei}  played it nathan?
[14:48] {nathan} yep
01[14:48] {@Threei}  and didn't post?
01[14:48] {@Threei}  tsk tsk tsk
01[14:49] {@Threei}  you guys aren't big on sharing in Europe, or what? :)
[14:49] {nathan} dont have the skill to type &trade yet
[14:49] {nathan} no way
[14:49] {nathan} we love to share
01[14:49] {@Threei}  hope so... or I'll never come to visit you in Spain
[14:50] {nathan} will you come?
[14:50] {nathan} we can organice the international trading forum
[14:50] {nathan} or so
[14:51] {nathan} nice pullback isnt it
01[14:51] {@Threei} Long Setup:  IWM  .30 break
01[14:52] {@Threei}  If holds  .20
01[14:52] {@Threei}  I come wherever seminar is organized, if I like the location
01[14:52] {@Threei}  last few I loved were in Bahamas and Whistler
[14:53] {nathan} Barcelona is awesome in spring ;-)
01[14:53] {@Threei}  I am sure
01[14:53] {@Threei}  my wife has been there couple years ago, loved it
[14:54] {nathan} if you're back, you will be very wellcome
01[14:55] {@Threei}  just organize seminar, I'll be there :)
[14:55] {nathan} take that
[14:55] {nathan} ;-)
[15:02] {nathan} watching FB
[15:04] {nathan} .45 break
01[15:05] {@Threei}  1:1
[15:08] {nathan} stop
01[15:24] {@Threei}  1:2
[15:28] {nathan} have a good night
01[15:29] {@Threei}  you too
[15:31] {jfjf64} +.25 ty vg
01[15:31] {@Threei}  :)
[15:31] {jfjf64} look how twitter broke down missed that chart earlier
[15:32] {dino} gj
01[15:36] {@Threei}  last piece closed on a trail
[15:41] {jfjf64} grr twitter ya got away
01[15:49] {@Threei}  OK guys, thank you all
01[15:49] {@Threei}  have a good evening, see you tomorrow
[15:49] {jfjf64} enjoy
[15:50] {dino} thx all, good day/time
[15:50] {dino} gn