Wednesday, November 12, 2014

Nov 12 2014

Nice, calm and confident 1:4 on JPM, especially pleasant being 4th win for the day

(chart courtesy of a broker)

Very strong day with just one small stop

Session Time: Wed Nov 12 00:00:00 2014

[08:52] {dino} gm
01[08:54] {@Threei}  dino :)
[09:09] {JoebiWan} mornin
01[09:11] {@Threei}  jw :)
[09:22] {RonS} gm from the deep freeze... 0
01[09:23] {@Threei}  ron :)
[09:23] {dino} ron, hitting here this afternoon, going from mid 60s to they say 30s
[09:23] {RonS} dino yy beat by 40%
[09:23] {JoebiWan} yup, just got here overnight. 14
[09:24] {nemo} guess it's supposed to moderate somewhat before it gets here
[09:25] {Jenh} gm
[09:25] {nemo} Jersey girl
01[09:26] {@Threei}  jen :)
[09:26] {Jenh} :)
[09:26] {Jenh} hey nemo
[09:27] {dino} you from nj jen?
[09:27] {Jenh} yeah
[09:27] {dino} pa here, gm neighbor
[09:27] {Jenh} oh hey. gm neighbor!
[09:27] {jfjf64} morning all
01[09:28] {@Threei}  jf :)
[09:28] {Jenh} i have family over in philly so know a little about pa
[09:29] {dino} my wife is from madison
[09:30] {Jenh} oh nice
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -SUSQ +33% (being acquired by BBT for $13.50/shr)
01[09:30] {@Threei}  -SUPN +10% (earnings)
01[09:30] {@Threei}  -AEO +9.5% (raised Q3 EPS guidance)
01[09:30] {@Threei}  -FOSL +9% (earnings)
01[09:30] {@Threei}  -CZE +6% (agreed to deal with creditors to bankruptcy for one of company's units)
01[09:30] {@Threei}  -MTOR +5% (earnings)
01[09:30] {@Threei}  -CSIQ +3.6% (earnings)
01[09:30] {@Threei}  -ARMK +3% (earnings)
01[09:30] {@Threei}  -YOKU +2.9% (signed strategic partnership with Xiami to accelerate multi-screen ecosystem development)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -PLUG -13% (earnings)
01[09:30] {@Threei}  -OXGN -11% (no news; reports after the close)
01[09:30] {@Threei}  -MLNX -7.5% (quarterly filing)
01[09:30] {@Threei}  -SEAS -6% (earnings)
01[09:30] {@Threei}  -SJM -5.7% (prelim earnings)
01[09:30] {@Threei}  -FLO -5% (earnings)
[09:31] {dino} asps blood
01[09:31] {@Threei} Long Setup:  IWM  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  1:1
[09:34] {ese} gm
01[09:34] {@Threei}  ese :)
[09:36] {dino} asps pulpsmr l 64 break
01[09:38] {@Threei}  1:2
01[09:42] {@Threei}  1:3
01[09:42] {@Threei}  out
[09:42] {Jfjf64} Nice start Ty
[09:42] {JoebiWan} ty vad
[09:43] {Jfjf64} Watching twtr
01[09:43] {@Threei}  yw
01[09:52] {@Threei} Short Setup: FB  74 break hl
01[09:52] {@Threei}  If holds  .10
01[09:52] {@Threei}  with adding another hl on .90 break
01[09:52] {@Threei}  non-standard trade somewhat
[09:53] {_Jenh} hl?
[09:53] {dino} anet break .00 smr l
[09:53] {nemo} half lot
[09:53] {_Jenh} thanks
01[09:53] {@Threei}  half lot
[09:54] {dino} gj
01[09:54] {@Threei}  full on, stop .06
01[09:54] {@Threei}  1:1
[09:54] {dino} agio spike
01[09:55] {@Threei}  stop .01
[09:57] {dino} sncr drop
[09:57] {dino} gap 46.64
[09:59] {_Jenh} thanks 3i!
01[10:00] {@Threei}  *(US) SEPT WHOLESALE INVENTORIES M/M: 0.3% V 0.2%E; WHOLESALE TRADE SALES M/M: 0.2% V -0.1%E
[10:00] {dino} 07 fast green
01[10:04] {@Threei} Long Setup:  TWTR  .10 break
01[10:04] {@Threei}  If holds  40
01[10:08] {@Threei}  1:1
[10:08] {nemo} so Ukranian invasion and Europe tanking can't take this market down
[10:09] {nemo} finnies weak though
[10:13] {nemo} relative volume very low
[10:13] {nemo} wow
[10:13] {nemo} no supply
[10:13] {Jfjf64} Take 1:2and run seems
[10:13] {Jfjf64} Agree
[10:14] {Jfjf64} Vxx
[10:16] {nemo} algo larger strong side, but very little activity
[10:17] {nemo} only stock of weight on strong side is aapl
[10:17] {nemo} weak side only stocks of note IBM and UNP
[10:21] {nemo} wow finnies really dead
[10:24] {nemo} strong side really filling out now no serious weight other than aapl
[10:24] {nemo} oops and V
01[10:27] {@Threei} Short Setup: JPM  .70 break
01[10:27] {@Threei}  If holds  .80
01[10:28] {@Threei}  The U.N. Security Council is preparing to hold an emergency session on Ukraine amid worries about a renewal of full-scale conflict in the rebel-held east.
01[10:28] {@Threei}  this tidbit is the most bewildering:
01[10:29] {@Threei}  The Security Council has met well over a dozen times on Ukraine since the crisis began early this year, but little action can be taken as permanent member Russia has veto power.
[10:38] {ese} buy stop mack .51 full lot
01[10:39] {@Threei}  1:1
[10:39] {ese} that should help the rubel (?) tank even more
[10:40] {nemo} ruble
[10:40] {ese} Vladamir has done a good job of that already
[10:40] {ese} tks
[10:41] {nemo} Hey, bought a bottle of New Amsterdam vodka...cheap, very good
[10:41] {ese} new Amsterdam?    what would be the difference
[10:41] {ese} just cheap?
[10:41] {nemo} It's very smooth
[10:41] {RonS} Gallo brand...finally an American company has figured out how to make decent gin and vodka
01[10:41] {@Threei}  girls are younger
[10:41] {Jfjf64} Who is thi Vladimir you speak of
[10:41] {nemo} Putin
[10:42] {ese} tks
[10:42] {nemo} but yeah, ese and spelling
01[10:42] {@Threei}  1:2
[10:42] {nemo} I still like the flavor of Hangar 1 the best
[10:42] {nemo} what are you in Vad?
01[10:42] {@Threei}  10:27] {@Threei} Short Setup: JPM .70 break
[10:42] {nemo} ahhh
01[10:43] {@Threei}  if the world is lucky, ruble drops to zero and below in the next week or so
[10:43] {nemo} yeah, polar vortex
[10:44] {ese} agreed
01[10:44] {@Threei}  but my strong feeling is, this monster won't die before he kills Ukraine
[10:44] {Jfjf64} Valerie / Amy wine house / that's a song
[10:45] {Jfjf64} Jpm liked
[10:45] {ese} from what I was reading yesterday the central bank has used so much money trying to prop up the ruble it doesn't have anything left to lend anyone...including the govt
[10:45] {Jfjf64} Jf too
01[10:45] {@Threei}  well, not exactly right
[10:45] {Jfjf64} Ty vg
01[10:46] {@Threei}  they did spend a lot but far from all (unfortunately)
01[10:46] {@Threei}  yw
[10:46] {ese} it had to stop trying to prop it up......something like only 400million left in the coffers from billions.....that ain't gonna last long
01[10:46] {@Threei}  nah, this is wrong number
01[10:47] {@Threei}  too optimistic
[10:47] {ese} will try and find the article....but that seemed awefully low to me to
01[10:47] {@Threei}  they have way more than that
01[10:50] {@Threei}  as of Sept 30, Foreign currency reserves is $396B
[10:51] {ese} CBC News Posted: Nov 11, 2014 11:30 AM ET:Before floating the ruble, the central bank was spending its reserves in an effort to stabilize the currency. It had $510 billion at the start of the year, but only about $400 million remains.  Now it plans to limit loans to banks that use the money to go out and buy dollars, which it calls “speculative demand.”  The
[10:51] {ese} The ruble is also expected to come under more pressure next year, when Russian companies and banks will have to pay back about $100 billuon in hard currency debts
01[10:51] {@Threei}  they are wrong, it's 400 Billion
[10:52] {ese} ya ....that would make sense
01[10:52] {@Threei}  either mistype, or someone misread the comma in this number: 396,476.60 million
[10:53] {dino} whats a couple hundred billion among friends
[10:53] {ese} even so.....400 billion ain't gonna last long ....not for a country that huge
[10:56] {ese} hmmmmmmm......Bill Gates is worth about 1/8th of that
01[10:57] {@Threei}  send oil to 50-60, and no amount of reserves will save them
[10:58] {RonS} hey jf...
[10:58] {ese} one can lnly hope.........what goes around comes around when your stupid
[10:58] {Jfjf64} Yes Alaska Ron
[10:58] {RonS} missing the weather reports yet?
[10:59] {Jfjf64} It's all you
[10:59] {ese} are you talking about the fusion group "Weather Report"
[10:59] {Jfjf64} No pressure
[11:00] {ese} Zawinal, peter Erskine, Jaco Pastorius
[11:00] {Jfjf64} Vxx
[11:00] {nemo} no...the Mahavishnu Orchestra
[11:01] {ese} ahhhhhhh Billy Cobham on drums
[11:01] {nemo} yep
01[11:01] {@Threei}  will try for 1:4 on JPM
[11:01] {nemo} hey ese, what did you think of Carl Palmer
[11:02] {nemo} ?
[11:02] {Jfjf64} Pissed took off 1:2
01[11:02] {@Threei}  why?
01[11:02] {@Threei}  1:3
[11:02] {Jfjf64} Thinking
01[11:02] {@Threei}  ouch
[11:02] {nemo} oh jeez...don't hurt yourself
[11:02] {Jfjf64} Should be no thinking
01[11:03] {@Threei}  that must have hurt
[11:03] {Jfjf64} Lol
[11:03] {ese} hes great interesting style but I prefer others.......he did have an interesting and unique way of seting up his drums
[11:03] {nemo} sure, me two was just interested in your opinion
[11:04] {RonS} jesus, can anyone spell "too"
[11:04] {nemo} distracted
[11:04] {ese} maybe.......
01[11:04] {@Threei}  I can: tu
[11:04] {nemo} plus...this room does it TWO you
[11:04] {RonS} lol
[11:04] {Jfjf64} 2
[11:05] {Jfjf64} II
[11:05] {nemo} Ron is a Too....l
01[11:05] {@Threei}  see? Yes we can!
01[11:05] {@Threei}  I mean, kan
[11:05] {Jenh} lol
[11:05] {ese} jf baby!!!!!!! now that was funny
[11:05] {nemo} let's see ni in Japanese Zwei or Zwo in German
[11:06] {JoebiWan} im out jpm, awesome vad ty
01[11:07] {@Threei}  yw :)
[11:07] {ese} mack in ......
01[11:07] {@Threei}  1:4
[11:07] {nemo} finnies setting up for a bounce
01[11:07] {@Threei}  closed
[11:07] {ese} out 1/2 +.10
[11:12] {Jfjf64} Yhoo d top
[11:13] {Jfjf64} Look that vol
[11:14] {ese} out full mack .66 +.15
[11:15] {ese} good enough
[11:15] {dino} gj
01[11:15] {@Threei}  visual http://tradinglog.realitytrader.com/2014/11/nov-12-2014.html
[11:16] {ese} tks
01[11:16] {@Threei}  or if you prefer facebook, https://www.facebook.com/RealityTrader/photos/a.237133656321317.63196.235739863127363/862694387098571/?type=1
[11:16] {Jfjf64} Very nice
[11:17] {Jfjf64} You wk fast
[11:17] {ese} well done chief
[11:18] {RonS} hey nemo...
[11:18] {Jfjf64} Charts look good
01[11:19] {@Threei}  I make them pretty with my photoshop skills
01[11:19] {@Threei}  blemishes are airbrushed... skin is smoothed out
01[11:19] {@Threei}  nice tan
01[11:19] {@Threei}  slimming the waists down
01[11:20] {@Threei}  and there you go, instead of fat bank you have this slim tanned smiling... umm, well, still bank though
[11:21] {Jfjf64} I was reading ya face book page you had a comment from lady friend thought man with beard and pipe looked very successful
[11:22] {Jfjf64} She was diggin the VG man
01[11:22] {@Threei}  well... it is a nice pipe
[11:22] {Jfjf64} Lol
[11:22] {JoebiWan} vad, bb settings at 14 and 1.7, how come?
[11:22] {JoebiWan} just noticed
01[11:22] {@Threei}  I wish I could pronouce the name of the material it's made from though
01[11:22] {@Threei}  that's my settings for intraday
[11:23] {Jfjf64} Secret jbw
01[11:23] {@Threei}  been using them forever
01[11:23] {@Threei}  I think scalping videocourse has them
01[11:24] {@Threei}  Meerschaum... there
01[11:24] {@Threei}  challenge to spell, let alone pronounce
[11:24] {RonS} anyone? does Europe close in 5 min?
[11:25] {RonS} feel like Buddy Holly here...
[11:25] {RonS} ...hearing Cricketts...
01[11:25] {@Threei}  nemo is our Europe specialist
[11:26] {Jfjf64} Think nemo hittin bottle today
[11:27] {RonS} couldn't recover from misspeling too...
[11:27] {RonS} ...the shame...
[11:27] {Jfjf64} Nemo has left the building
[11:37] {RonS} ...or if you're jf, don't mention it at all:  From vortexes to blizzards, how to talk about winter: http://bloom.bg/1yzgZst
[11:41] {Jfjf64} Lol
[11:41] {Jfjf64} Th
[11:41] {Jfjf64} For min thought was picture of myself
[11:42] {Jfjf64} Wife has a shot of me last year
[12:04] {dino} asps smr l .51
[12:05] {dino} cybx drop
[12:18] {JoebiWan} out asps +1.03 ty DINO
[12:19] {dino} wtg joeb
[12:19] {Jfjf64} Good job jb
[12:19] {Jfjf64} Start callin ya Dino jr
[12:20] {JoebiWan} can only handle 100 shrs with dino trades lol
[12:31] {nemo} indexes look like they might come in a bit
[12:34] {Jfjf64} Twtr
[12:38] {dino} baba gap filling
01[12:55] {@Threei} Short Setup: C  .35 break
01[12:55] {@Threei}  If holds  .40
[13:21] {nemo} IWM
[13:27] {Jfjf64} You in nemo
[13:27] {nemo} I'm the evil twin
[13:27] {dino} omen?
[13:27] {nemo} hard to believe, I know
[13:28] {nemo} aapl gonna' break
[13:32] {RonS} took 1.32 on asps .6 lot  good one dino thanks
[13:34] {dino} out asps 60, +2.49
[13:34] {RonS} gj
[13:35] {dino} gj ron and thx
[13:35] {JoebiWan} nice!
[13:35] {RonS} sold a buck too soon here
01[13:35] {@Threei}  wtg guys
[13:35] {RonS} ty
[13:36] {Jenh} gj
[13:36] {dino} ty
[13:37] {RonS} fascinating on Level II when you see the same size offer on adfn and flow, you know someone is trying to keep a lid  on the price running, while accumulating from below... in the case both had a 1300 lot size
[13:37] {RonS} the = this
01[13:38] {@Threei}  old game :)
[13:38] {RonS} the reverse happens also, in other cases
01[13:38] {@Threei}  never changes eh?
[13:39] {dino} anet drop
[13:39] {RonS} don't even know what those exchanges are...here
[13:41] {nemo} 17% stocks on algo have switched to the green side, we're going up I think unless finnies take a dump
[13:45] {dino} asps looks like it wants up
[13:46] {dino} smr l .53
[13:46] {nemo} inda amazing though...there's alot of red at the larger cap stocks in the DJI S&P Trannies, Qs and Russle and finnies too
[13:51] {Jenh} was that it for C?
01[13:52] {@Threei}  hope not
[13:52] {RonS} inda beguine?
[13:52] {dino} out asps .50, +.99
[13:53] {Jenh} did u change the stop for C 3i or still .40?
01[13:53] {@Threei}  .40
[13:53] {Jenh} thnx
[13:54] {JoebiWan} gj dino
[13:54] {Jenh} gj
[13:55] {dino} thx
[13:55] {dino} anet smr l .31
[14:02] {dino} swi spike
[14:06] {dino} damn can't borrow
[14:15] {JoebiWan} what platform, dino?
[14:15] {JoebiWan} broker..
[14:17] {dino} street smart edge/schwab
[14:19] {RonS} whadya paying schwab?...w/ merrill at $7...
[14:20] {dino} 8
[14:20] {Jenh} i should have kicked C down the stairs when I had the chance
[14:20] {dino} inlimited # shares
01[14:20] {@Threei}  meh
[14:22] {RonS} Schwab building an 800,000 sq ft building about 3 mi from my house...moving out of SF...
[14:23] {RonS} Charles says:  "Thanks Dino"
[14:24] {RonS} :)
[14:26] {RonS} immediate 9% pay increase for those that move on the difference in the state income tax rate...4.8 v 13.9
[14:26] {dino} he should, paid alot of commission since 1988
[14:27] {RonS} ...ever checked out Robinhood?
[14:27] {dino} good reason to move. i don't know why anybody stays in california w/tax rates and prices
[14:27] {nemo} no water either
[14:28] {dino} whats robinhood
[14:28] {RonS} https://www.robinhood.com/
[14:29] {RonS} google and others funding this...
[14:29] {nemo} yeah, they'll buy your order flow, then trade against it
[14:29] {RonS} easy to say...
[14:30] {nemo} easy to do
[14:31] {RonS} service hasn't even cranked yet...in beta phase
[14:32] {Jfjf64} Wow fb
[14:32] {Jfjf64} I was sleepin
[14:32] {RonS} do you piss on kids that have yet to walk?
[14:32] {dino} what is this listed foreign securities $50/trade? is that on say a db?
[14:36] {dino} not interested, no margin, no options
[14:38] {RonS} not saying now...something for the future...for options you should be using OptionMonster...imo
[14:38] {dino} i use them too, opened options acct in june. good education site
[14:38] {RonS} gj
[14:39] {RonS} do they have directed options trading?
[14:39] {dino} not sure what you mean?
[14:39] {dino} i do my own ideas
[14:40] {RonS} direct your option order to a specific exchage...eg cboe, ice
[14:40] {dino} dk, i just use their default
[14:41] {dino} i like the options charts, depth, etc on the monster platform better than schwab stsmart
[14:43] {dino} fastest i ever used was das. but for my style did not work. too many auto stops on big spreads
[14:43] {RonS} anet looking for one...
[14:43] {dino} anet stop
[14:45] {RonS} thought it wanted 76 here... too late to trade it now imo
[14:46] {dino} surprised it hasn't worked more of that gap to 86 off, earnings were great
[14:47] {RonS} dino, pm...
[14:48] {dino} ok
01[14:48] {@Threei} Long Setup:  TWTR  .50 break
01[14:48] {@Threei}  If holds  .40
[14:49] {nemo} http://goo.gl/XYQPWS
[14:50] {nemo} twtr could go to .20 first
01[14:50] {@Threei}  Invalidated
[14:51] {JoebiWan} ouch
[14:55] {Jenh} that poor man :(
01[14:56] {@Threei}  Cat: that was fun, we should do it again soon
[14:56] {RonS} that TV is light, an old tube set would have broken his neck...
[14:57] {nemo} the cat wouldn't have been able to knock it over either
01[14:57] {@Threei}  and guitar was out of tune anyway
[15:07] {dino} anet rinsed
01[15:09] {@Threei}  TWTR got away
[15:11] {RonS} lol...like 4 hours ago?
01[15:13] {@Threei}  ?
01[15:13] {@Threei}  20 min
01[15:15] {@Threei} Long Setup:  MCD  .25 break
01[15:16] {@Threei}  If holds  .15
[15:19] {jfjf64} yhoo .40 break watchin
01[15:30] {@Threei}  good one YHOO
01[15:33] {@Threei}  1:1
01[15:38] {@Threei} Long Setup:  IWM  118 break
01[15:42] {@Threei}  .05 would set new day high
01[15:42] {@Threei}  and start another eekqxplozheon
[15:44] {JoebiWan} they grow up so fast.... them werdz
01[15:44] {@Threei}  lol
[15:45] {nemo} market doesn't care about Ukraine so gap up tomorrow likely
01[15:45] {@Threei}  of course not
01[15:45] {@Threei}  market will care only if ther world starts getting involved
01[15:45] {@Threei}  so war threatens to spread
[15:46] {cosmo} good for business too
01[15:46] {@Threei}  well... not really
01[15:46] {@Threei}  snactions bite both ways
[15:46] {cosmo} weapons?
01[15:47] {@Threei}  no one supplies them to Ukraine
[15:47] {cosmo} they make their own?
[15:48] {dino} they miss their nukes
01[15:48] {@Threei}  mostly use old stock, quuckly dwindling down
01[15:48] {@Threei}  obsolete and falling apart
[15:48] {cosmo} hmm
01[15:49] {@Threei}  they have a few military factories but their capabilities are not enough for war time when equipment gets destroyed quickly
[15:49] {nemo} or the factories get bombed
[15:49] {cosmo} by who?
[15:50] {cosmo} oh wait...
[15:50] {nemo} your kidding, right?
[15:50] {cosmo} i got it
[15:50] {nemo} you hang out with ese too much
[15:50] {cosmo} had two beers already
[15:50] {nemo} I'm on my 4th shot
[15:51] {cosmo} you're back east
[15:51] {nemo} your point?
[15:51] {cosmo} no?
[15:51] {dino} you guys are making me thirsty
[15:51] {cosmo} time zone dino?
[15:52] {dino} hmmm, happy hour or not, that is the question
[15:52] {dino} est cosmo
[15:52] {nemo} I start when my alarm goes off
[15:52] {cosmo} its time then
[15:52] {cosmo} 8 min to go
[15:52] {RonS} https://www.youtube.com/watch?v=N6bk_qJw5XY
[15:53] {dino} feels like it. but have to scope out a foreclosure at 4:30, so has to wait until after that
[15:53] {nemo} I told you about spending the evening with his band, right?
[15:53] {nemo} medicinal purposes dino
[15:53] {nemo} sso
01[15:53] {@Threei}  stop to .94
[15:53] {nemo} sorry
01[15:54] {@Threei}  out
01[15:54] {@Threei}  closed MCD too
[15:54] {cosmo} elevator music i say
01[15:54] {@Threei}  saved by the bell
01[15:54] {@Threei}  thank you all, have a great evening
[15:54] {dino} nemo, no lights on in these places, need my senses with me, some wierd shit turns up sometimes
[15:54] {_Jenh} ty! gn
01[15:54] {@Threei}  see you tomorrow
[15:55] {nemo} dino has to be one of the most disciplined motherfuckers on the planet
[15:55] {JoebiWan} thnx see ya
[15:55] {dino} not when i'm off the clock
[15:56] {nemo} BS...you're very disciplined to your off the clock activities
[15:56] {dino} as the most interesting man in the world says, "sometimes you should act like yuorself. this isn't one of those time. stay thirsty my friends"
[15:56] {dino} ;)
[15:57] {nemo} Dino....you are unique...God Bless Ya'
[15:57] {dino} yuo too buddy
[15:57] {dino} typing is reversing
01[15:57] {@Threei}  variant:
01[15:57] {@Threei}  always be yourself. unless ou can be batman. then always be batman
[15:57] {nemo} wtf....
[15:58] {nemo} reminds me of the Wonder Woman, Superman, Invisible man joke
[15:59] {dino} ty all and gn