Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Buy in May...

- Both equities and bonds gained ground slowly this week: the S&P500 pushed out to record highs above 1,920 and the benchmark US 10-year yield fell as low as 2.433%, its lowest level since last June. In Europe, the DAX was at all-time highs and the FTSE was only 100 points away from all-time highs. Meanwhile, trading volumes were pretty light, due in part to the Memorial Day holiday in the United States and Ascension Day in Europe. But with ever strengthening asset prices comes complacency: the VIX volatility index dropped to 11.46 (last Friday's bottom was 11.36, the lowest reading since March 2013) and a break below 11.00 would put the index right where it was at the beginning of 2007, which makes many analysts very uncomfortable. For the week, the DJIA rose 0.7%, the S&P500 added 1.2% and the Nasdaq gained 1.4%.

- The second reading of US Q1 GDP was revised to -1.0% from +0.1% in the advance reading. The downward revision was due to a larger drag from inventories and less government spending than surmised by the advance reading. This marks only the second time since the recession that GDP declined during a quarter. There is also concern about Q1 gross domestic income, which fell 2.3%, its worst performance since the recession. Note that the personal consumption figure stayed very strong at +3.1%. Fed presidents Williams and Plosser both said they were not too worried about the weak data and said there would be a big snapback in the Q2 GDP figures. In yet another sign inflation is rebounding, the April PCE index rose to its highest annualized rate since late 2012. The personal consumption expenditure index rose 0.2% in April, as did the core rate that strips out food and energy.

- Billionaire oligarch Petro Poroshenko won the Ukrainian presidential elections on May 25, taking 55% of the vote, with Yulia Tymoshenko trailing with 13%. The decisive victory prevented a runoff and leaves Poroshenko in a strong position to continue Kiev's "anti-terrorist" operations in the eastern part of the country. There was more violence in the east this week, as militants shot down helicopters and launched assaults on military bases, leading to scores of casualties. Note that Poroshenko will be sworn in as Ukraine's fifth president on June 7, and he has promised to immediately dissolve parliament and call early elections. Ukraine began payments for gas debt owed to Gazprom, and it looks as though negotiations will continue and prevent Russia from demanding pre-payment for future gas deliveries.

- Gold prices took a 2% tumble on Tuesday after China's gold imports from Hong Kong fell in April amid signs that investment demand is waning. Moreover, the decisive election outcome in Ukraine and Russia's conciliatory moves helped drive the safe haven lower. Prices fell further in the second half of the week, and spot gold closed out the week around $1,250, at February lows.

- Pfizer let the clock run out on its bid for AstraZeneca, with no higher offer or further interest from AstraZeneca. Under UK takeover rules, Pfizer could resubmit another offer for AstraZeneca in six months, meaning the chances of a deal are not entirely gone. In contrast, Valeant continued its full court press, and in the span of a few days boosted the cash component of its offer for Allergan twice, first by $10 to $58.30/share and then again by $13.70 to $72/share (the firm maintained the equity component at 0.83 of a Valeant share). Pilgrim's Pride offered to buy Hillshire Brands for $45/share in cash, in a deal worth $6.4 billion. Recall that back on May 12th, Hillshire cut its own deal to buy Pinnacle Foods for $36/share in cash and stock, in a total deal valued around $4.3 billion.

- Next week, the Obama administration will roll out a set of EPA proposals to regulate emissions from existing power plants, including coal plants. The key structure of the proposals will be a cap-and-trade system designed to give states the flexibility to meet benchmarks, as opposed to placing emissions limits on individual plants. Recall that last week, there were reports suggesting the EPA rules could result in a required 25% cut in greenhouse gas emissions by the utility sector.

- Homebuilder Toll Brothers more than doubled its profits in the first quarter, widely beating both earnings and revenue expectations. The company reaffirmed its FY targets, slightly raising the low end of its average selling price outlook. The backlog and deliveries grew by healthy double-digit percentages, indicating that the housing recovery is on track, at least at the high end of the market. "We are in a leveling period in the early stages of the housing recovery with significant pent-up demand building," said TOL's CEO.

- Comments by ECB figures suggest the chances of easing at next Thursday's ECB Council meeting are looking better and better. President Draghi warned about the potential for a "negative spiral" between low inflation, falling inflation expectations and poor credit availability. Austria's Nowotny said the ECB cannot allow destabilization of inflation expectations and admitted that a rate cut is under discussion. Luxembourg's Mersch warned that multiple steps could be taken at next week's meeting. The consensus view is that the deposit rate will be cut into negative territory for the first time ever, and staff inflation forecasts will be significantly reduced, signaling the ECB's seriousness about the need for more action to fight deflation. EUR/USD traded in a very tight range, from a high of 1.3670 on Monday to lows around 1.3600 mid-week.

- Three key Japanese economic reports provided a worrying but not wholly unexpected view of the continuing impact of PM Abe's reforms. April retail sales saw their biggest annual decline in over three years (-13.7% m/m, -4.4% y/y). This is the first report in the series since the VAT tax went up to 8% from 5% on April 1st. Recall the March y/y figure was +11%, boosted by buying ahead of the tax hike. April industrial production was weaker than expected, prompting Tokyo to lower its economic assessment on the sector to "flattening as a trend." Finally April national CPI (+3.1%) and May Tokyo CPI (+3.4%) rose at their fastest rates in two decades. The CPI data were driven higher by the consumption tax hike being passed on to consumers, and analysts are divided on the extent to which the adjusted version really meets the BoJ's 2% target. USD/JPY was locked in the top half of the 101 handle.

- Chinese authorities have sworn off massive stimulus programs as a means for bolstering the nation's slowing economy, and as a result Beijing is looking to more targeted approaches. The housing market is slowing and April industrial profit growth data out this week slowed to single digits y/y. Cutting the reserve requirement ratio is widely understood to be the next weapon in the arsenal. Various commentators said that the chances of a RRR cut in the second half of 2014 is looking increasingly likely, and JPMorgan said there would be at least two RRR reductions. Beijing's other, less subtle weapon is to weaken the renminbi: this week the PBoC let the yuan mid-point drop to 6.1705, its weakest setting since last September.

- There were renewed tensions between China and Vietnam after a Chinese ship rammed and sunk a Vietnamese fishing vessel. A spokesperson for the Vietnamese Foreign Ministry said that the fishing boat was initially surrounded by 40 Chinese ships approximately 17 nautical miles from the China Haiyang Shiyou-981 oil rig. The oil rig was the cause of violent anti-China protests earlier this month. At the ASEAN conference in Singapore, Japan PM Abe commented that Japan would start to play a more proactive role in maintaining security in Asia and support efforts by the Philippines and Vietnam to resolve conflicts.

TradeTheNews

May 30 2014

Very nice end to the week and month, with high percentage of a nice winning trades despite low volume environment.

Session Time: Fri May 30 00:00:00 2014
[08:49] {dino} gm 3i
01[08:49] {@Threei}  morning dino
[09:08] {dino} .
[09:11] {troub} good morning you all
01[09:11] {@Threei}  troub :)
[09:12] {RonS} gm...blox clocked...had to get that out of the way
01[09:12] {@Threei}  lol ron
[09:14] {nemo} I hate when I run out of vodka before I finish breakfast
[09:14] {dptl} good morning
01[09:14] {@Threei}  nemo, dp :)
[09:15] {nemo} oh jeez...only 600k shares spy traded
[09:15] {dino} bnny squish
[09:15] {RonS} lol
01[09:15] {@Threei}  hehe
01[09:16] {@Threei}  told ya... it's contagious
[09:16] {nemo} huh?
[09:18] {RonS} 80% float institutional holders blox...gonna be ugly...39 mil shares
01[09:19] {@Threei}  35% - still haircut or already beheading?
[09:21] {nemo} drawn and quartered even
[09:22] {nemo} nothing like watching a body pulled apart by two horses
[09:22] {RonS} train wreck syndrome
[09:23] {nemo} nah, I'm a sadist at heart
[09:23] {nemo} schadenfreude is my middle name
[09:23] {nemo} I keep a picture of Stalin next to my bed
01[09:23] {@Threei}  nemo schadenfreude bunny, nice to meet you
[09:23] {nemo} I miss Uncle Joe
[09:24] {nemo} leave bunny out of this
01[09:24] {@Threei}  can't
[09:24] {Alexs} good morning
01[09:24] {@Threei}  alex :)
[09:24] {nemo} gawd...she was active last night..frickin'  running back and forth all night
[09:25] {nemo} It's amazing how noisy a 3 lb. rabbit can be
[09:25] {RonS} good thing she can't talk...
[09:25] {nemo} true,  but she can bite
[09:26] {dino} uncle joe the psycho
[09:27] {dino} nq spike
[09:27] {RonS} got no news here
01[09:27] {@Threei}  NQ Raises Q1 Rev guidance
01[09:31] {@Threei} Short Setup: FB  .10 break hl
01[09:31] {@Threei}  ummm
[09:31] {nemo} IWM not available for shorting neither is TNA
01[09:31] {@Threei}  crrrap
01[09:31] {@Threei}  got away
01[09:33] {@Threei} Long Setup:  FB  .75 break hl
01[09:33] {@Threei}  change to .70
[09:33] {dino} splk gap fill
01[09:34] {@Threei}  If holds  .60
01[09:34] {@Threei}  meh
01[09:36] {@Threei}  BLPX quite a bounce
01[09:38] {@Threei} Long Setup:  IWM  .25 break
01[09:38] {@Threei}  If holds  .15
01[09:39] {@Threei}  change to .20 break
01[09:39] {@Threei}  If holds  .12
[09:40] {dino} splk hl l .95
01[09:41] {@Threei}  1:1
01[09:44] {@Threei}  *(US) MAY CHICAGO PURCHASING MANAGER: 65.5 V 61.0E
01[09:45] {@Threei}  Volkswagen AG To launch all-electric e-Golf model in the US in fall 2014 - pressVW estimates 70 to 90 miles of "real world range" on a full charge and a 115-mile maximum. VW hasn't yet announced pricing for the e-Golf, but a loaded version with leather seats and navigation probably will sell for around $35,000.
01[09:46] {@Threei}  1/4 more out
01[09:46] {@Threei}  stop to .24
01[09:47] {@Threei}  BLOX... getting intriguing
01[09:47] {@Threei}  brutal selling
01[09:47] {@Threei}  nemo's soul sings and dances
[09:47] {dino} splk stop -.30
[09:49] {nemo} watching splk
01[09:49] {@Threei} Long Setup:  BLOX  .50 break hl
01[09:50] {@Threei}  If holds  .40
[09:50] {nemo} Javelin catching
01[09:50] {@Threei}  1:1
01[09:50] {@Threei}  javelin caught
[09:52] {dino} lng s .76
01[09:52] {@Threei}  1:2
[09:54] {dino} cov lng .45, +.31
01[09:54] {@Threei}  *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 81.9 V 82.5E
[09:56] {RonS} took blox .50 to .85 +.35 thanks 3i
01[09:56] {@Threei}  :)
[09:59] {dino} splk hl l .53 stop lod
01[10:02] {@Threei} Long Setup:  NQ  .10 break hl
01[10:02] {@Threei}  If holds  8
01[10:03] {@Threei}  stop to .04
01[10:04] {@Threei}  heavier than I expected
01[10:04] {@Threei}  1:1
[10:07] {nemo} splk
01[10:11] {@Threei} Short Setup: NQ  8 break hl
01[10:11] {@Threei}  If holds  .10
[10:11] {nemo} yelp 66 level
01[10:11] {@Threei}  "66 level!!"
[10:11] {nemo} disappeared but big bid was there
[10:12] {nemo} huie
01[10:12] {@Threei}  no such symbol
01[10:13] {@Threei}  NQ is not shortable here
[10:13] {Alexs} nemo practice russian?
[10:16] {nemo} yeah, my new favorite word "razpizdyi"
[10:16] {Alexs} lol
01[10:17] {@Threei}  and to my shame, this one he learned from me
01[10:17] {@Threei}  1:1  NQ
01[10:17] {@Threei}  for those who have it for shorting
[10:18] {dino} npsp
[10:18] {dino} hl s .05
[10:20] {Alexs} nemo do you know word "suka"?
[10:20] {nemo} pray, do tell
[10:21] {Alexs} it's one of most used russian words
[10:21] {dptl} :)
[10:22] {nemo} ok one of you russkies dcc me with the meaning
[10:22] {dino} npsp stop .40 -.35
[10:22] {dino} not my morning
[10:23] {Alexs} no need dcc it means bitch
[10:24] {Alexs} but russians use it for any reason
[10:25] {thomcbell} npsp
[10:25] {thomcbell} takeover rumor
[10:25] {thomcbell} wowza
[10:26] {dptl} lol...yep, now so you know that word Nemo, you can maintain simple conversation in russian...lol
01[10:27] {@Threei}  it's one of those words that are being used as a comma, nemo
[10:27] {dptl} lol...
[10:28] {Alexs} rofl
01[10:28] {@Threei}  also, when you stub your toe of furniture
[10:28] {Alexs} or just made a nice trade
[10:28] {nemo} bang your thumb with a hammer
01[10:29] {@Threei}  there... you are getting the usage right
[10:29] {dino} npsp l .15
01[10:29] {@Threei} Short Setup: WMT  .40 break
01[10:29] {@Threei}  If holds  .50
01[10:29] {@Threei}  two-sided
[10:32] {dino} out npsp 33.15, +1.00
01[10:32] {@Threei}  wtg
[10:34] {dino} ty
01[10:36] {@Threei}  stop to .44
[10:45] {Alexs} zuckerbergs wife to CNBC: ...he wears fresh hoody every day
01[10:46] {@Threei}  lol
01[10:46] {@Threei}  1:1
[10:55] {cosmo} just another day in the cyberhood...
01[10:55] {@Threei}  sheesh... ron, the monster you unleashed
[10:56] {RonS} well, it is cosmo...
01[10:57] {@Threei}  LOL:
01[10:57] {@Threei}  When I was a boy, my Momma would send me down to a corner store with $1,
01[10:57] {@Threei}  and I'd come back with 5 bags of potatoes, 2 loaves of bread, 3 bottles
01[10:57] {@Threei}  of milk, a hunk of cheese, a box of tea, and 6 eggs.
01[10:57] {@Threei}  You can't do that now.
01[10:57] {@Threei}  Too many fucking security cameras...
[10:58] {nemo} and she thought you were such a good shopper
[10:59] {Alexs} and what you did with the dollar Vad?
[10:59] {nemo} hooker
[11:00] {cosmo} the potatoe dollar?
[11:06] {dino} out yy .96, +.43
01[11:07] {@Threei}  wtg
[11:08] {dino} npsp s .07
[11:15] {Alexs} nobody expects AAPL announce a new hardware Monday but stock is rising like hell
[11:15] {dino} npsp stop .20 -.13
01[11:15] {@Threei}  Many observers have commented on the steady deceleration in the VIX in the month of May. As of writing the S&P500 volatility index is approaching last Friday's low of 11.36, which was its lowest reading since March 2013. Note that a break below 11.00 would put the index right where it was at the beginning of 2007, a reading that many consider was one signal of the Minsky Moment that touched off the Great Recession.
01[11:18] {@Threei}  brace yourself:
01[11:18] {@Threei}  (US) White House confirms that the Environmental Protection Agency (EPA) plans announcement for carbon rules on Monday, June 2
01[11:19] {@Threei}  (US) Environmental Protection Agency (EPA) loses bid in appeals court to be allowed to enforce clean air rules by territory; must now enforce rules based on national standards
01[11:19] {@Threei}  I suspect EPA on Monday will cancel the environment, in order to ultimately protect it
[11:20] {dino} say goodbye to coal jobs
01[11:20] {@Threei}  (US) President Obama: Have accepted VA Chief Shinseki's resignation, bonuses for senior VA staff have been cancelled in light of the investigative report's findings
[11:22] {dino} mw spike
01[11:24] {@Threei} Long Setup:  SPLK  42 break hl
01[11:24] {@Threei}  If holds  .90
[11:24] {cosmo} EPA bonuses are next
01[11:24] {@Threei}  Invalidated
[11:25] {RonS} O loves the epa, he wants to wreck the US economy
[11:26] {nathan} morning gents
[11:27] {dino} npsp drop
[11:27] {dino} s .05
[11:28] {dino} cov .90, +.15
01[11:29] {@Threei}  hey nathan
01[11:30] {@Threei}  we had a few profitable trades, taught nemo new russian swearing word and established that the world is likely to become worse on Monday
[11:30] {thomcbell} splk looks like it wants still lower
[11:30] {dino} npsp s .20
01[11:30] {@Threei}  there, you are all caught up
[11:31] {dino} cov .00, +.20
[11:31] {nathan} :-)
[11:41] {thomcbell} nmbl lockup situation
[11:41] {thomcbell} lord did it get drilled
[11:42] {RonS} nmbl jacked?
[11:43] {RonS} http://en.wikipedia.org/wiki/Jack_Be_Nimble
01[11:43] {@Threei}  lol
01[11:46] {@Threei} Long Setup:  NQ  8 break hl
01[11:46] {@Threei}  If holds  .90
[11:47] {dino} nmbl l .15
[11:50] {dptl} p .50 break short
[11:50] {dino} out nmbl .27, +.12
01[11:52] {@Threei}  looks right P
01[11:52] {@Threei}  NQ stop to .94
01[11:58] {@Threei}  1/2 meh
[11:59] {dino} splk overdone, report wasn't bad. just another kill the momo
[12:00] {dino} brb
01[12:02] {@Threei}  P 1:1
[12:09] {dptl} out p
[12:24] {Alexs} nice spot P dp
[12:24] {dptl} :)
[12:33] {dino} txa l .50 stop .38
[12:34] {dino} tza
[12:39] {dino} tza to .58
[12:40] {nemo} daily pivot on spy is just above 192, will likely be a long bounce in that area
[12:40] {dino} ty
[12:40] {dino} to .61
[12:41] {nemo} funny how iwm comes into S2 at the same time
[12:41] {dino} out tza .62, +.12
[12:49] {dino} higher low/highs on splk
[12:49] {dino} pullbacks are big tho
[12:50] {dptl} dks .40 break short
[12:54] {nemo} spread quite variable on splk too
[12:54] {nemo} resistance at 42.25 23.6 retrace is 43.25ish
[12:56] {dptl} something with BP at nonko....anyone else?
[12:57] {nemo} I seem to be o.k.
[12:57] {nemo} contact them?
[12:58] {nemo} nope I'm having problems too
[12:59] {dptl} you do?
[12:59] {nemo} I have no buying power even though it says I do
[12:59] {dptl} same
[13:01] {dptl} i have no respond so far
[13:01] {dino} feye l .50
[13:05] {nemo} it's should be o.k. now
[13:05] {dptl} out gks
[13:06] {dptl} sune
[13:06] {dptl} oops never mind
[13:16] {dino} twx drop
[13:25] {dino} rden
[13:26] {dino} feye stop -.30
[13:29] {dptl} p may be another short 24 break
01[13:29] {@Threei}  yup
[13:30] {dino} rden s .80
[13:30] {dino} stopped
[13:39] {dino} rinsed
[13:40] {nemo} Can you believe the market is actually red?
[13:40] {dino} sure
[13:41] {nemo} you ever heard of sarcasm, dino?
[13:41] {dino} lol, acting like sheldon cooper
[13:42] {nemo} or someone who belongs on the short bus
[13:42] {dptl} sune short
[13:46] {dino} scty gap fillscty l .96
[13:50] {dino} out scty .08, +.12
[13:50] {dino} feye rinsed, lots of rinses last few days
[13:50] {dptl} no..stopped sune
[13:55] {nemo} iwm breakout?
[13:55] {nathan} meh DAS says no BP!!
[13:55] {nathan} do you have any issue with the platform?
[13:56] {dptl} it was, they said should be ok now
01[13:56] {@Threei} Long Setup:  IWM  .55 break
[13:56] {nemo} no, it's broken again
01[13:56] {@Threei}  If holds  .45
[13:57] {nemo} it's o.k. now
[13:59] {nemo} BREAKING: President Obama is back in the breifing room, announces Jay Carney is out as Press Secretary.
[13:59] {dino} ddd l .22
01[13:59] {@Threei}  lol
01[14:00] {@Threei}  guy had the worst job in the world
[14:00] {nemo} I can't stand that FL rep who is the head of the Dems
01[14:00] {@Threei}  osh Earnest named as replacement
[14:03] {dino} splk lod
[14:03] {dino} hate to see what would happen on a miss and lower, sheesh
[14:05] {dino} adding splk for swing
[14:06] {dptl} long?
[14:06] {dino} y
[14:06] {dptl} i see
01[14:10] {@Threei}  1:2
01[14:11] {@Threei}  was that perfect entry or what
[14:11] {goinshort} very nice!
[14:11] {nathan} well done
01[14:11] {@Threei}  can I go home?
[14:12] {goinshort} bye
[14:13] {Alexs} we made 1:10 or what?
01[14:13] {@Threei}  hehe
[14:13] {dptl} stopped p
01[14:13] {@Threei}  I was waiting for alex to chime in
[14:13] {nathan} lol
03[14:13] * mib_v9pgzj is now known as helloworld
[14:14] {dino} ddd to .34
[14:14] {dino} out +.12
01[14:16] {@Threei}  hello helloworld, and see private message please
[14:20] {Alexs} is it Jay Carney join us?
01[14:23] {@Threei}  lol
01[14:23] {@Threei}  we don't need that kind
[14:23] {cosmo} he was a good ball player
[14:23] {cosmo} oops...wrong one
[14:24] {Alexs} no I mean this explains his resignation
06[14:24] * dino slaps cosmo around a bit with a large trout
[14:25] {cosmo} one of the few remaining uncontaminated fish....thanks
[14:29] {dino} anytime
[14:29] {Alexs} how much is fresh tuna in BC Vad?
01[14:30] {@Threei}  gosh... there are so many stores and kinds of tuna, I wouldn't know how to begin to answer :)
[14:31] {Alexs} sheesh I need to move to BC
[14:31] {dino} vrx drop
[14:31] {nemo} mercury in tuna
01[14:31] {@Threei}  seafood is abundant
01[14:31] {@Threei}  buy fresh... or catch your own
01[14:31] {@Threei}  dp will set you up for fishing
[14:31] {dino} smr l .27
[14:31] {Alexs} ok how much the cheapest one?
[14:32] {dptl} dont know about tuna...salmon
01[14:33] {@Threei}  cheapest salmon is about $7.90/kg in season
01[14:33] {@Threei}  but that's pink salmon, not the best
[14:33] {dptl} even cheaper sometimes
[14:33] {dino} out vrx 127.37, +1.10
01[14:34] {@Threei}  coho from 9 to 12 in good time of the year
[14:34] {dino} use that 1.10 vrx to buy some tuna
[14:34] {nathan} gj dino
[14:34] {dino} ty
01[14:34] {@Threei}  wtg
[14:34] {Alexs} oh, I expected lower prices
[14:35] {dino} on the vrx or the tuna
[14:35] {dino} :)
[14:35] {Alexs} lol
01[14:35] {@Threei}  for pacfic salmon?
01[14:35] {@Threei}  I dunno where you can get it cheaper
01[14:36] {@Threei}  this is not your atlantic one
[14:36] {dino} wow vrx spike
[14:36] {Alexs} no it's a good price, but still...
[14:37] {Alexs} why pacific is better?
01[14:38] {@Threei}  you'll have to ask whoever created this planet...
[14:38] {RonS} species are bigger...and probably the water colder
[14:39] {RonS} bigger fish means they eat bigger fish...also no farm raised
[14:39] {dptl} atlantic is almost all farmed now......we have still wild
[14:40] {dino} l smr .88
[14:40] {Alexs} oh, that price was for the wild?
[14:40] {dino} out 135.21, +84
[14:40] {dino} .84
01[14:41] {@Threei}  of course
[14:41] {dptl} its almost all wild here
01[14:41] {@Threei}  no one eats farmed here
[14:41] {dino} opps, 133.88 to 135.20, +1.32
[14:41] {Alexs} ok, then moving to BC
[14:41] {dino} ron you watching that vrx?
01[14:42] {@Threei}  and crabbing and shrimping is done from docks
[14:42] {RonS} wasn't, wow
[14:42] {dino} just took over 2 bucks out of it
[14:42] {RonS} ...and the oysters...
[14:42] {dino} in about 10 minutes
01[14:43] {@Threei}  oysters, no... mussels, yes
06[14:43] * dino slaps RonS around a bit with a large trout
06[14:43] * dino slaps Threei around a bit with a large trout
06[14:43] * dino slaps Alexs around a bit with a large trout
01[14:43] {@Threei}  and trout is to die for, yes dino :)
[14:43] {dino} thats for talking seafood when vrx pulped out
[14:43] {Alexs} lol
[14:44] {dino} get you heads in the game
[14:44] {dino} good thing i'm not running this room
[14:45] {dino} ;-)
[14:45] {dino} agn spike
[14:46] {nemo} yeah, you'da been fragged already
01[14:46] {@Threei}  AGN and VRX are in one news item
[14:46] {RonS} related to vrx move
01[14:46] {@Threei}  which is a bit too confusing
[14:46] {RonS} ackman revises agn offer
01[14:46] {@Threei}  Allergan, Inc Valeant and Pershing Square increase offer, raise cash component by $13.70 to $72 and leave stock component at 0.83 shares of Valeant stockEach Allergan share would be exchanged for $72.00 in cash and 0.83 shares of Valeant common stock, based on the fully diluted number of Allergan shares outstanding. This offer is subject to prompt good faith negotiation of a merger agreement between Valeant and Allergan. Shareholders will continue to be able to elect cash and/or Valeant stock, subject to proration.
[14:47] {dino} that makes it about 182
[14:48] {RonS} assumong vrx stock price never goes down...
[14:48] {dino} well, stocks never do go down
[14:49] {thomcbell} looking for a long setup in pva
[14:50] {thomcbell} dont know whats going on here but i cant find anything
[14:50] {nemo} it's called late august trading
[14:50] {nemo} spy volume may surpass the lowest volume of the last 1000 trading days
[14:53] {dino} vrx talking some dilution at .83/share
[14:54] {dino} njr spike
[14:54] {dino} 200m+ shares?
[14:55] {dino} danm can't borrow vrx had order at 131.88
[14:58] {dino} pva drop
[14:58] {thomcbell} now pva got emotional
[14:58] {thomcbell} bought small
[14:59] {goinshort} dino - thanks for vrx
[14:59] {nemo} well 900k more shares on spy and the low volume record is safe
01[14:59] {@Threei}  PVA is probably reaction on upcoming Monday EPA announcement
01[15:00] {@Threei}  Google Inc Reportedly Google has gotten 12K requests from users to remove personal data in Europe - press**NOTE: 05/13: GOOG: European Court of Justice rules that individuals have (in some cases) the right to ask Google to remove links to information about them that is old or irrelevant. Court rules that EU citizens have "a right to be forgotten."
[15:00] {dino} np goingshort, happy to throw them out
[15:02] {RonS} out of 300 mil people that is really impressive...  :)
[15:02] {dino} pva smr l .30
01[15:02] {@Threei}  that's first days... I guess much more is coming
01[15:02] {@Threei}  Google just today put a form online
[15:03] {RonS} ah
[15:04] {dino} pva to b/e, not luvin it
[15:04] {nathan} have a nice weekend
[15:04] {nathan} take car4
[15:04] {dino} u2 nat
01[15:04] {@Threei}  you too nathan
[15:04] {RonS} should stick w/ agn and vrx dino
01[15:04] {@Threei} Long Setup:  IWM  .80 break
01[15:04] {@Threei} Long Setup:  IWM  .60 break
01[15:04] {@Threei}  If holds  .50
[15:06] {dino} ron, i should do alot of things
[15:07] {dino} out pva .50, +.20
[15:07] {RonS} hey, not your wife here...  :)
[15:07] {dino} lol
01[15:10] {@Threei}  1:1
[15:12] {dino} agn smr l .69
[15:12] {thomcbell} making sales pva
[15:13] {dino} out agn .89,
[15:13] {dino} +.20
[15:13] {dino} damn too soon
[15:14] {dino} all over...pulp....spreads of /60
[15:14] {thomcbell} out pva
[15:15] {dino} gj tbell
[15:15] {dino} agn smr l .20
01[15:15] {@Threei}  1:2
[15:16] {dino} out agn .60, +.40
[15:16] {dino} mnk spike
[15:17] {nemo} tlt had a little hiccup
[15:20] {dino} damn agn went another buck
[15:20] {thomcbell} oofa pva
[15:21] {dino} yeah, saw that tbell, i chickened out for some reason
[15:21] {dino} overthought it
06[15:22] * dino slaps dino around a bit with a large trout
[15:22] {dino} thats for thinking on pva
[15:22] {nemo} at least use a frozen one
[15:22] {nemo} wuss
[15:23] {thomcbell} im lookng to buy a retracement back down
[15:23] {dino} agm smr s .54
[15:26] {dino} cov agn .84, +.70
[15:26] {dino} ron was right
01[15:26] {@Threei}  http://www.rferl.org/content/vostok-battalion-a-powerful-new-player-in-eastern-ukraine/25404785.html
01[15:26] {@Threei}  Chechnya fighters... great
[15:32] {dino} agn smr s .85
[15:33] {nemo} looks like it's gonna' be a scalpers summer
01[15:33] {@Threei}  https://www.facebook.com/photo.php?fbid=593650460733900&set=o.63355899492&type=1&theater
[15:34] {dino} b/s is .30
[15:34] {dino} i think so nemo
01[15:35] {@Threei}  wow
[15:36] {nemo} and we've got Mutual Fund Monday coming up
[15:39] {Alexs} if it's really Vostok Battalion then Ukraine has a very low chances to beat them
01[15:41] {@Threei}  with Russia maintaining supply channels, providing intelligence support and financing them... yeah
[15:41] {dino} agn b/s to .01
[15:43] {dino} agn stop .00, -.15
[15:45] {troub} good weekend everyone
01[15:45] {@Threei}  thank you all
01[15:45] {@Threei}  have a great weekend
01[15:45] {@Threei}  see you on Monday
01[15:46] {@Threei}  unless fish drinks me into oblivion
[15:47] {dino} gn all, thx for ideas today

May 29 2014

Catch of the day, the cutest reversal on DAL, 5 cents risk, 30 cents profit, nice and easy.

Overall, with 3 1:3ers and a few more nice trades, strongly profitable day.

Session Time: Thu May 29 00:00:00 2014
[08:51] {thomcbell} gm
01[08:52] {@Threei}  thom :)
[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
01[09:02] {@Threei}  see PANW
[09:04] {dino} wow
01[09:09] {@Threei}  spread slowly improves, was about 30 cents earlier
[09:13] {RonS} howdy everyone
01[09:13] {@Threei}  ron :)
[09:15] {goinshort} morning all!
01[09:15] {@Threei}  gs :)
[09:16] {thomcbell} hsh
[09:16] {thomcbell} shocking
[09:16] {thomcbell} bidding war in the sausage business
[09:17] {RonS} gs enthusiasm should be from gt...gointall...
[09:18] {troub} good morning you all
01[09:19] {@Threei}  troub :)
[09:22] {nathan} gm gents
01[09:23] {@Threei}  nathan :)
[09:24] {Alexs} good morning
01[09:25] {@Threei}  alex :)
[09:27] {RonS} panw gone pulp
[09:27] {ese} morning
01[09:27] {@Threei}  ese :)
01[09:28] {@Threei}  P Albert Fried reiterates Underweight rating, price target $20
[09:29] {ese} theres one i haven't heard of ...Albert Fried?
01[09:30] {@Threei}  wer already discussed once how much you can trust stock advice from the guy with last name Fried
01[09:31] {@Threei} Short Setup: GLD  .85 break
[09:31] {Alexs} last time we made some money on his advice as I remember
[09:31] {ese} lol
01[09:31] {@Threei}  If holds  .93
[09:31] {nathan} lol
01[09:31] {@Threei}  remember what it was?
[09:32] {Alexs} no
01[09:32] {@Threei}  neither do I
[09:32] {Alexs} just remember money
01[09:32] {@Threei}  I remember Ron teaching me how to pronounce it
[09:33] {nathan} lol
[09:33] {Alexs} yeah me too
01[09:34] {@Threei} Long Setup:  FB  64 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  1:1
01[09:35] {@Threei}  GLD stop to .91
[09:35] {Alexs} casino open...
[09:36] {nathan} FB slipped from my hands
01[09:37] {@Threei} Short Setup: TWTR  .80 break hl
01[09:37] {@Threei}  If holds  .90
[09:38] {thomcbell} swks looking for a pullback entry
01[09:38] {@Threei}  1:1
01[09:38] {@Threei}  thanks for returning to pick us up, TWTR
[09:39] {Alexs} yeah
[09:39] {dino} tecd smr l .00
01[09:42] {@Threei} Short Setup: DAL  .60 break
01[09:42] {@Threei}  If holds  .65
[09:45] {dino} tecd out .41, +.41
01[09:45] {@Threei}  wtg
[09:45] {nathan} 1:1 DAL thx Vad
01[09:45] {@Threei}  1:1  DAL
01[09:45] {@Threei}  yw
[09:47] {thomcbell} rxn 25.60 long break if holding 25.50
[09:47] {thomcbell} secondary priced at 25.50
01[09:47] {@Threei}  1:2
[09:47] {thomcbell} after earnings it bounced hard from this level
[09:47] {thomcbell} look at move from thr to tues
[09:48] {dptl} good morning
01[09:48] {@Threei}  sheesh dp
[09:49] {dptl} lol
[09:49] {dptl} i know
01[09:49] {@Threei}  1:3  DAL  close enough
01[09:49] {@Threei}  out
01[09:50] {@Threei}  perfectly nailed top if I may say so myself
01[09:50] {@Threei}  7 cents risk
[09:50] {thomcbell} no go rxn
[09:51] {Alexs} you are modest as Lenin Vad :)
[09:51] {nathan} lol
01[09:51] {@Threei}  learning from the best
[09:52] {ese} L clne .98 3/4
[09:54] {ese} gotta love it when as soon as you pull the trigger is shoots up .15
[09:56] {Alexs} and Lenin was most modest man ever as they taught us in the USSR
01[09:57] {@Threei} Long Setup:  TWTR  .90 break
01[09:57] {@Threei}  If holds  .80
[09:57] {dino} dsw hl l .80
[09:57] {ese} godd enough out clne .16 +.18
[09:57] {ese} good
01[09:58] {@Threei}  nice dam at .90
[09:59] {nemo} they keep piling up the offers
[09:59] {nathan} what's a dam?
[09:59] {nemo} all those offers
[09:59] {nathan} ok
01[09:59] {@Threei}  (US) APR PENDING HOME SALES M/M: +0.4% V 1.0%E
01[09:59] {@Threei}  Y/Y: -9.4% V -8.8%E
[10:00] {nemo} timber.....
[10:00] {RonS} fn sm l .37 s/l .30
01[10:01] {@Threei}  valid still
01[10:02] {@Threei}  should have recalibrated it to .80...
01[10:03] {@Threei}  (RU) Russia Central bank clarifies that insurance will be provided on deposits in all currencies and not just Rubles
01[10:03] {@Threei}  huh
01[10:03] {@Threei}  not good when you have to make such clarifications
01[10:04] {@Threei}  no go TWTR
[10:04] {dino} sounds like bank run
01[10:04] {@Threei}  played it wrong
01[10:04] {@Threei}  that's what I think dino
01[10:04] {@Threei}  people start thinking default
01[10:07] {@Threei}  WWE Ticking higher on renewed takeover chatter
01[10:07] {@Threei}  wow SPY
01[10:07] {@Threei}  no news
[10:08] {Alexs} they made that statement for Yanukovich I think, if he closes his dollar account in Russia it go bankrupt
[10:09] {thomcbell} wwe
[10:09] {thomcbell} takeover spec
[10:09] {RonS} tag team?
01[10:11] {@Threei} Short Setup: IWM  113 break hl
01[10:11] {@Threei}  If holds  .10
01[10:11] {@Threei}  ugh... got away
[10:12] {Alexs} using nemo advice?
01[10:13] {@Threei}  ?
[10:13] {nemo} ?
[10:14] {nemo} what I say?
[10:14] {Alexs} short IWM instead long TZA, yesterday
[10:14] {nemo} ahhh
[10:14] {nemo} must have drunk that brain cell into submission
[10:14] {Alexs} lol
01[10:15] {@Threei}  just had more readable setup at 113 vs TZA at .43 at the moment
01[10:16] {@Threei}  crap... 1:2
[10:17] {Alexs} yes and TZA didn't make 1:1 yet
[10:17] {nemo} you're stop would have been smaller
[10:18] {nemo} your
[10:18] {nemo} sheesh
01[10:18] {@Threei}  sigh
[10:19] {dino} dsw stop -.16
[10:23] {Alexs} MCD short 101?
01[10:24] {@Threei}  yup
01[10:24] {@Threei}  if stays under .10 of course
[10:24] {Alexs} yes
[10:26] {thomcbell} PF 31.25 long break if holding 31.15
01[10:27] {@Threei}  the world defines who is who, who with whom etc:
01[10:27] {@Threei}  Russian language classes to be compulsory in secondary schools in Syria
[10:27] {dino} ddd hl l .75
[10:29] {dino} out ddd .00, +.25
[10:32] {thomcbell} pf got 1:1 and turned tail
[10:35] {thomcbell} PF 1:1 again
[10:37] {thomcbell} pf 1:2
[10:39] {thomcbell} pf 1:3
[10:39] {RonS} this guy goes out of his way to hobble the country:  U.S. business lobby predicts new coal plant rules will cost $50 billion a year and 224,000 jobs:
[10:39] {RonS} http://bloom.bg/1gzafGM
01[10:40] {@Threei}  "going to be long 8 years" - Dino, 2008
[10:40] {thomcbell} pf 1:4 and out
[10:42] {dino} :)
[10:43] {thomcbell} tibx acts well today
[10:50] {dino} out yy swing, 55.57 to 65.60, +10.03
[10:51] {dptl} lol thats nice
[10:51] {nathan} wow
[10:51] {Alexs} Pro-Russian rebels downed a military helicopter in eastern Ukraine, killing 13 troops and a general - Bloomberg
01[10:52] {@Threei} Long Setup:  IWM  .20 break
01[10:52] {@Threei}  If holds  .10
01[10:52] {@Threei}  overnight story Alex, Slavyansk battle
[10:53] {Alexs} didn't know it
01[10:53] {@Threei}  atop to .14
01[10:54] {@Threei}  1:1
[10:56] {Alexs} it's not too easy for Poroshenko to travel to Donetsk I think
01[10:57] {@Threei}  more importantly, it's meaningless
[10:58] {Alexs} meaningless to make such a promises
01[11:03] {@Threei}  MCD is valid again
01[11:08] {@Threei} Long Setup:  CAT  .90 break
01[11:09] {@Threei}  If holds  .80
[11:10] {nathan} vad, in DAL should we see a spike as sign of reversal?
[11:11] {nathan} what could we also expect?
01[11:11] {@Threei}  don't guess nathan... just watch for the recognizable setup to form
[11:12] {nathan} you're right i was starting to think
[11:12] {nathan} big mistajte
[11:12] {nathan} mistake
01[11:12] {@Threei}  readable and predictable are different things... market can be readable but it doesn't mean it has to predictable
01[11:13] {@Threei}  in other words,
01[11:13] {@Threei}  you can't predict what will shape up, but you can read what shapes up as it does.
01[11:13] {@Threei}  makes sense?
[11:13] {nathan} you're right
01[11:14] {@Threei}  40 break, DAL
01[11:14] {@Threei}  that's long setup
01[11:14] {@Threei}  BMR, in 111 Trades terms
01[11:16] {@Threei}  Russian President Vladimir Putin welcomed Kazakhstan and Belarus on Thursday into a new Eurasian Economic Union built to rival the United States, EU and China
01[11:19] {@Threei}  like herding CATs... move already, will ya?
01[11:26] {@Threei}  stop to .83
[11:27] {Alexs} time to use your 2 x 4 Vad
01[11:28] {@Threei}  1:1
01[11:29] {@Threei}  finally
01[11:29] {@Threei}  and without resorting to violence
01[11:29] {@Threei}  (not that I dislike it)
01[11:30] {@Threei}  1:2
[11:33] {Alexs} you called 1:2 just for trailing?
01[11:33] {@Threei}  ?
01[11:33] {@Threei}  partialing too
[11:34] {Alexs} oh sorry thought 1:3
[11:37] {dino} leju spike
01[11:39] {@Threei}  1:3
01[11:39] {@Threei}  me out
[11:39] {dino} uthr stuck, stop to b/e
01[11:44] {@Threei}  anyone went for MCD?
01[11:44] {@Threei}  in retrospect, .10 was the best entry. with .15 stop
[11:44] {Alexs} nope, forgot about it
01[11:47] {@Threei}  tell me Putin hasn't calculated it all just right:
01[11:47] {@Threei}  Russia is less likely to face further sanctions from the U.S. and the European Union as the government is sending conciliatory signals toward Ukraine, a Bloomberg survey of economists showed.
01[11:47] {@Threei}  The U.S. will refrain from escalating punitive measures, according to 66 percent of respondents in a survey of 32 economists, compared with 28 percent last month.
01[11:48] {@Threei}  as King Solomon said, "Sactions too shall pass"
[11:51] {Alexs} England, unlike in 1914, will not allow herself to blunder into a war lasting for years…. Such is the fate of rich countries.. .Not even England has the money nowadays to fight a world war. What should England fight for? You don’t get yourself killed over an ally.”
[11:51] {Alexs} - Adolf Hitler (1939)
01[12:04] {@Threei}  Hillshire Brands Pilgrim's Pride is reportedly reviewing its options regarding its Hillshire offer following Tyson's bid this morning
01[12:05] {@Threei}  wow CAT
[12:06] {dino} f'ing rinses, dsw, uthr
[12:09] {dino} taking a break, back in hour
[12:15] {Alexs} America doesn't know how bad its Internet speed is: Sprint's Son http://www.cnbc.com/id/101711520
[12:19] {Alexs} didn't know that our Internet speed is so slow as compared to other countries
[12:20] {RonS} ya, we need to get those Facebook posts faster...
01[12:20] {@Threei}  lol
01[12:20] {@Threei}  "Coffee helps you make more stupid things faster"
01[12:26] {@Threei}  Sprint's Son.. a.k.a. Comcast grandson?
[12:42] {Alexs} http://www.bloomberg.com/news/2014-05-29/clippers-sale-deserves-harvard-case-study-on-idiocy-profits.html
01[12:44] {@Threei} Long Setup:  FB  .80 break
01[12:44] {@Threei}  If holds  .70
01[12:50] {@Threei}  stop to .74
[12:52] {Alexs} GLD DKTK setup .90 break Vad?
01[12:52] {@Threei}  hard to tell... too narrow
01[12:52] {@Threei}  1:1  FB
01[13:01] {@Threei}  Ford Motor Co Launches a recall of approx 740.8K Ford Escape/Mariner vehicles due to power steering issues - Detroit News- 5 crashes and 6 injuries said to have resulted from the tendency for the car to default to manual steering mode
01[13:02] {@Threei}  1:2  FB
[13:09] {dino} gj
01[13:09] {@Threei}  ty
01[13:09] {@Threei}  gotta restore FB reputation
[13:11] {dptl} have to leave early....have a good rest of the day all...see ya tomorrow
01[13:11] {@Threei}  dp has impossible luxurious life
01[13:11] {@Threei}  comes in late, leaves early
[13:11] {dptl} lol...i wish
[13:11] {dino} cya
[13:15] {dino} emes drop
[13:21] {dino} smr l .50
[13:34] {dino} out emes .00, +.50
[13:37] {RonS} gj...kors needs a beer
[13:38] {dino} ty
01[13:48] {@Threei}  (US) DoJ has reportedly begun criminal probes of four payment processing firms and one bank, seeking evidence of consumer fraud - press- Related civil fraud probes reportedly made in up to ten other banks and payment processors
[13:49] {cosmo} they mean fraud by the consumer?
01[13:50] {@Threei}  lol
[13:50] {cosmo} you gotta wonder these days
[13:54] {RonS} emes spike
[13:54] {Alexs} SUNE short .70?
01[13:55] {@Threei}  looks right
[13:55] {Alexs} or .80 recross?
01[13:56] {@Threei}  I'd prefer short
[13:57] {Alexs} I meant short .80
[13:57] {dino} another tight afternoon range
[14:01] {dino} fang spike
01[14:05] {@Threei}  recross of .90 I''ll be inetered for a short
01[14:05] {@Threei}  in
01[14:05] {@Threei}  this does smell like a trap
01[14:06] {@Threei}  stop .96
[14:09] {dino} fang s .60
01[14:26] {@Threei}  covered half SUNE
01[14:28] {@Threei}  you in Alex?
[14:28] {Alexs} yup
01[14:28] {@Threei}  :)
[14:29] {Alexs} you're crafty like Lenin Vad :)
[14:29] {nemo} Lenin did not die crafty
[14:30] {Alexs} he didn't die nemo
01[14:30] {@Threei}  he is eternally alive
01[14:30] {@Threei}  (some say undead)
[14:30] {RonS} lol
[14:30] {Alexs} exactly
[14:30] {nathan} like elvis
01[14:30] {@Threei}  lol
01[14:31] {@Threei}  unlike Elvis though, this one just refuses to leave the building
[14:31] {Alexs} rofl
[14:31] {nathan} lol
[14:32] {dino} lng spike
01[14:34] {@Threei}  The Goldman Sachs Group Inc Fox Business's Gasparino: Goldman to announce layoffs in its fixed income branch **Reminder: On May 28th, Goldman's COO said trading volumes are lower in the currency, mortgage and govt bond markets.
01[14:35] {@Threei}  BNP could be forced to pay $5B in a settlement over probe into the firm's dealing with countries which are under sanctions
01[14:35] {@Threei}  LNG dino:
01[14:35] {@Threei}  (US) Dept of Energy has reportedly proposed withdrawing regulations requiring LNG export approvals for non-FTA export applications - press ***Reminder: On April 9th, the House of Reps Energy subcomittee approved legislation to allow for automatic approval of LNG export to WTO participants
01[14:35] {@Threei}  I guess this is an attempt to simplify sales to EU
[14:38] {dino} ty
[14:38] {dino} lng smr s .25
[14:40] {dino} lng stop -.30
[14:41] {dino} fang stop -.17
[14:43] {dino} lng smr s .50
01[15:06] {@Threei}  1:2
01[15:06] {@Threei}  SUNE that is
01[15:10] {@Threei}  1:3
01[15:10] {@Threei}  out
[15:11] {Alexs} thanks for our happy childhood :)
01[15:12] {@Threei}  lol
[15:14] {Alexs} could be played long now?
01[15:15] {@Threei}  .60 break, yes
01[15:15] {@Threei}  if holds .55
[15:20] {nemo} 50 break now
[15:20] {nemo} .50
[15:30] {Alexs} nice one nemo
[15:30] {Alexs} I like that ride
[15:30] {goinshort} nice nemo!                                                                                                                  [15:30] {nemo} market coming in a bit
01[15:30] {@Threei}  good one
[15:37] {nathan} have a good night
01[15:37] {@Threei}  you too
01[15:43] {@Threei}  OK guys, done for the day
01[15:43] {@Threei}  thank you all
01[15:43] {@Threei}  have a great evening, see you tomorrow
[15:45] {goinshort} thanks V !
01[15:46] {@Threei}  :)
[15:46] {troub} good night all.  fun to have a green day

May 28 2014

A day of rinses - quite a few of those. A few scalps and two 1:3ers on FB erased most of the stops but still left a bit negative total.

Session Time: Wed May 28 00:00:00 2014

[08:49] {thomcbell} gm vad
01[08:49] {@Threei}  morning thom
[08:50] {thomcbell} missed yest looked like some good moves
01[08:51] {@Threei}  yup, decent day
[09:10] {dino} gm
[09:11] {RonS} top 'o the morning mateys
01[09:12] {@Threei}  dino, ron :)
[09:17] {troub} good morning you all
01[09:17] {@Threei}  troub :)
[09:18] {RonS} waiting for dsw at $24...kors gonna be pulp
[09:19] {dino} watching it
[09:19] {dino} syk spike
[09:20] {ese} morning
01[09:20] {@Threei}  ese :)
[09:21] {ese} am walking picket line this morning
01[09:21] {@Threei}  eww
[09:21] {ese} yup
01[09:21] {@Threei}  see dcc, ese
[09:22] {Alexs} good morning
01[09:22] {@Threei}  alex :)
[09:26] {RonS} syk report they are about to buy Smith & Nephew
[09:26] {goinshort} morning all!
01[09:26] {@Threei}  gs :)
[09:27] {dino} ty ron
[09:31] {RonS} mcd pressure
01[09:32] {@Threei} Short Setup: FB  .60 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  1:1
01[09:36] {@Threei} Long Setup:  MCD  .35 break
01[09:36] {@Threei}  lol
01[09:36] {@Threei}  what's with teleportation
[09:37] {Alexs} spread
[09:37] {nemo} low early market volume
01[09:37] {@Threei}  not very MCD-like
01[09:37] {@Threei}  disregard
01[09:37] {@Threei} Long Setup:  FB  .30 break hl
01[09:37] {@Threei}  If holds  .20
01[09:38] {@Threei}  Invalidated
01[09:38] {@Threei}  change to .20 break
01[09:38] {@Threei}  If holds  .10
01[09:39] {@Threei}  1:1
[09:44] {nathan} hi gents
01[09:44] {@Threei}  hey nathan
01[09:45] {@Threei}  anyione held FB beyond 1:1?
01[09:45] {@Threei} Long Setup:  TZA  .35 break
01[09:45] {@Threei}  If holds  .30
[09:48] {ese} L powr .93
01[09:48] {@Threei} Long Setup:  FB  .40 break hl
01[09:48] {@Threei}  If holds  .30
01[09:49] {@Threei}  Invalidated
[09:49] {Alexs} FB = blackjack
01[09:50] {@Threei}  dunno... two trades worked today, and we are just 20 min in :)
[09:50] {Alexs} blackjack works sometime too
01[09:50] {@Threei}  what was it, Friday, when we had 2 1:3ers on it?
01[09:51] {@Threei}  meh TZA
01[09:51] {@Threei}  come on, don't exaggerate
01[09:53] {@Threei} Long Setup:  MCD  101 break
01[09:53] {@Threei}  If holds  .90
01[09:54] {@Threei}  shrug
[09:54] {Alexs} ?
01[09:54] {@Threei}  you got it?
01[09:54] {@Threei}  I looked away for a second, and it was over 1:1
[09:55] {Alexs} just cought about hl
01[09:55] {@Threei}  cool
01[09:55] {@Threei}  you know what to do then
[09:55] {Alexs} lol
[09:55] {ese} whoa....stopped powr .82 -.11
[09:56] {ese} whats with these sharp spikes down...spyders
[09:56] {ese} thats two of them today
01[09:57] {@Threei}  VVUS Aspen Investment Fund discloses 9.65% stake, evaluating making a non binding offer valued at $640M (implied $6.20/shr) - filing
01[10:01] {@Threei}  frikin TZA rinsed
01[10:01] {@Threei}  1:2
01[10:03] {@Threei} Long Setup:  GLD  .70 break
01[10:03] {@Threei}  If holds  .60
01[10:03] {@Threei}  lol VVUS... trap
01[10:06] {@Threei}  Invalidated  GLD
[10:11] {dino} tza l .51
[10:11] {Alexs} google unveils self-drivig prototype, would be interesting to see it on street of NYC I bet it won't survive 5 min
[10:11] {dino} chdn partial fill l .12
[10:12] {ese} google....they've been developing a car?
[10:12] {dino} drives itself
[10:12] {dino} for years ese
[10:13] {dino} something like 500,000 miles, no accidents, no tickets
[10:13] {ese} huh...go figur......didn't even hear
[10:13] {Alexs} http://www.independent.co.uk/life-style/gadgets-and-tech/news/google-unveils-plans-for-first-selfdriving-cars-9443111.html
[10:14] {nathan} http://www.google.com/about/careers/lifeatgoogle/self-driving-car-test-steve-mahan.html
[10:14] {dino} stop tza flat
[10:15] {dino} vad? when you trade tza, how many shares? takes alot to move it
[10:16] {nemo} why not just short the iwm?
[10:16] {ese} tks Alexs.....i like that electric part.....have been quietly buying shs in Ballard power
01[10:16] {@Threei}  depends on a stop, if 5 cents then a few thousands
[10:16] {Alexs} :)
[10:16] {dino} thats what i'm thinking, 1k not enough
01[10:32] {@Threei}  Ukraine's Foreign Ministry has asked the international community to take action and compel Russia to stop sending terrorists and weapons to the territory of Ukraine.
01[10:32] {@Threei}  yup... wag a finger at it
01[10:33] {@Threei} Long Setup:  IWM  .90 break
01[10:33] {@Threei}  If holds  .80
[10:35] {ese} (US) Nevada reports April casino Rev $852M, -0.27% y/y; Las Vegas strip Rev $462.9M, +3.19% y/y - Source TradeTheNews.com
[10:35] {ese} hmmmmmmm......
[10:36] {ese} thats a crap load of discretionary funds
[10:38] {ese} live....up 34%
01[10:38] {@Threei}  no go
[10:38] {ese} and no hooker spread
01[10:39] {@Threei}  (US) President Obama: Isolationism is not an option for the US, however threshold for taking military action needs to be higher when there is no direct threat to the US - West Point speech- We should only pursue military strikes when there is an imminent threat. - Reserves right to continue use of unilateral military action when core national security interests require it. - Biggest direct threat to the US and the world is terrorism, particularly from Al Qaeda affiliates and extremists. - Need to shift counter-terrorism strategies, partner more with other nations. - US will boost support for Syria's neighbors, including Jordan, Lebanon, Turkey and Iraq - Odds of a deal with Iran are still pretty long, but there is still a chance for a deal
01[10:40] {@Threei} Long Setup:  CAT  .40 break
01[10:40] {@Threei}  If holds  .30
01[10:45] {@Threei}  ugh
[10:46] {dino} tza l .58
01[10:49] {@Threei}  GLD short at .40... whny did I look at it for minutes and never called it
[10:49] {RonS} Churchill Downs (CHDN) entered into a binding term sheet with The Stronach Group under which TSG will operate, at TSG's expense, live racing and maintain certain facilities used for racing and training at Calder Race Course. The transaction is anticipated to be completed by June 30, 2014 and is contingent upon regulatory approval and certain amendments to Calder's agreement with the Florida
[10:49] {RonS} Horsemen's Association.
[10:49] {dino} tza stop .55 -.03
[10:50] {nathan} gotta leave for today
[10:50] {nathan} g.luck
[10:50] {nathan} try to connect at night
01[10:57] {@Threei} Long Setup:  TWTR  .50 break
01[10:57] {@Threei}  If holds  .40
[10:58] {dino} ddd hl l .28
01[10:59] {@Threei}  CAT, another rinse
[11:07] {dino} out ddd .68, +.40
01[11:07] {@Threei}  wtg
[11:08] {Alexs} make sense to trail stop to .44?
01[11:08] {@Threei}  yup
01[11:08] {@Threei}  just started typing that
01[11:16] {@Threei}  what the deuce today
01[11:20] {@Threei}  STJ FDA approves first implantable wireless device with remote monitoring to measure pulmonary artery pressure in certain heart failure patients (update)
[11:22] {thomcbell} swks 42.02 long brak if holding 41.92
01[11:26] {@Threei} Long Setup:  FB  .25 break
01[11:26] {@Threei}  If holds  .15
[11:27] {dino} vad, ty heads up, out stj +.20
01[11:27] {@Threei}  :)
[11:29] {thomcbell} swks nada
[11:29] {thomcbell} going to continue to watch this one
01[11:29] {@Threei}  nice wall to break FB
[11:29] {dino} reloaded .55
01[11:31] {@Threei}  1:1
[11:32] {dino} out stj .86, +.31, ty again vad
01[11:32] {@Threei}  yw :)
[11:34] {dino} wow, still going up
01[11:34] {@Threei}  1:2
06[11:34] * @Threei slants at Alex with Lenin-like sly smirk
[11:35] {dptl} good morning
01[11:35] {@Threei}  hey dp
[11:36] {dptl} slept in
[11:36] {dptl} :)
01[11:36] {@Threei}  1:3  FB  close enough
01[11:36] {@Threei}  out
06[11:37] * @Threei slaps dptl around a bit with a large alarm clock
[11:38] {dptl} that would worked better then just an alarm ..lol
[11:39] {dino} uthr smr l .60 stop .39
[11:40] {dino} pbyi spike
[11:46] {Alexs} could you post a picture of Lenin sly smirk Vad? :)
01[11:47] {@Threei}  lemme look
01[11:49] {@Threei}  http://larinda.ru/images/stories/jurnal-4/3d%20-%200002-1.jpg
[11:50] {thomcbell} aal 39.60 long break
[11:50] {Alexs} no, no smirk there
01[11:51] {@Threei}  http://haharoni.files.wordpress.com/2009/02/bukvar-006.jpg?w=219&h=300
[11:52] {Alexs} rofl that's better
01[11:52] {@Threei}  don't be so picky, or I'll switch to Stalin's smile: http://www.ljplus.ru/img4/i/v/ivonn/Spasibo-Stalinu-za-detstvo_-1936.jpg
[11:53] {dptl} lol
[11:53] {Alexs} nice one:)
[11:54] {thomcbell} aal 1:1 kind of
[11:54] {Alexs} children look like after closing FB 1:3
[11:54] {RonS} freakin twtr
01[11:55] {@Threei}  and Stalin gave them that happy childhood
01[11:56] {@Threei}  no kidding, TWTR
01[11:56] {@Threei}  a few too many rinses
[11:56] {Alexs} yeah it's like you after nice call
01[11:57] {@Threei}  except I don't send everyone to Siberia right after
01[11:58] {@Threei}  to cut trees in the glory of proletariat
[11:58] {Alexs} you're just at the beginning of way up...
[12:01] {nemo} that was Zhukov's line
01[12:01] {@Threei}  me geography rather dictates drowning people in the ocean
01[12:01] {@Threei}  my
01[12:01] {@Threei}  if after this Sunday you never hear from fish again, you know I started practicing
[12:01] {Alexs} lol, told you
[12:08] {Alexs} yhoo long .90?
01[12:09] {@Threei}  50/50
01[12:09] {@Threei}  maybe works straightforward, maybe time to switch to buying shakeouts
[12:10] {Alexs} lunch time?
[12:11] {dino} uthr to .95
01[12:13] {@Threei}  yeah
[12:16] {dino} out uthr .97, +.37
[12:21] {RonS} ese off to paint strike signs?
[12:22] {Alexs} 'buying shakeouts' means when it breakes stop level buy on recross?
01[12:22] {@Threei}  right, DKTK
01[12:22] {@Threei}  watch SPY though
01[12:23] {@Threei}  if this is beginning of real dowdraft, YHOO may not recover
[12:23] {Alexs} yeah I see
[12:25] {thomcbell} wow vad that was some entry on twtr
01[12:26] {@Threei}  yeah
01[12:29] {@Threei}  starts looking right for entry, alex, watch SPY for help
[12:31] {Alexs} ok thanks
[12:52] {Alexs} MCD short .15?
01[12:55] {@Threei}  looks right
01[12:58] {@Threei}  not anymore
01[13:01] {@Threei}  (UR) Ukraine PM Yatsenyuk: Eastern Ukraine situation is deteriorating; requesting Russia block the border to prevent terrorists from entering- Notes that the situation could be handled in a week if Russia was not involved, Russia is supporting the separatists
01[13:01] {@Threei}  and sun rises in the east
01[13:02] {@Threei}  (UR) Reportedly UN Security Council to meet this afternoon to discuss Ukraine situation- Meeting to reportedly take place at 15:00ET
01[13:03] {@Threei}  1:1  YHOO
[13:03] {Alexs} ukrainian government so helpless
01[13:03] {@Threei}  alex... DKTK, right after sliced bread
01[13:04] {@Threei}  they really are
[13:04] {Alexs} didn't get it (
01[13:04] {@Threei}  how??
01[13:04] {@Threei}  it was thewre for 30 min
01[13:04] {@Threei}  ok, 20
[13:04] {Alexs} yeah decided no to go
01[13:07] {@Threei}  they are facing unconventional war waged in the middle of their population, amidst their own huge changeover and total disorganization, with enemy that deeply penetrated their intelligence and troops, after two decades of rampant corruption
01[13:07] {@Threei}  kind of difficult to expect them to be highly effective, lol
[13:10] {dino} took all day, but out chdn 85.28, +1.16
[13:10] {Alexs} they lost their time, now new president have no time actually, one more month of meaningless talking and promises an he will lost the power
[13:11] {Alexs} Jullia will arrive on a white horse
[13:13] {Alexs} Ytsenyuk is a freaking clown
01[13:20] {@Threei} Short Setup: FCX  .70 break
01[13:20] {@Threei}  If holds  .75
[13:45] {dino} zen spike
[13:45] {RonS} must be karma
[13:46] {dino} lol
[13:46] {dino} you hit dsw yet today?
[13:46] {dino} yy luv
01[13:47] {@Threei}  lol
[13:47] {RonS} no, total volume and block volume way too high...dsw
[13:48] {dino} will watch it tomorrow and friday
[13:48] {dino} tight range day
[13:53] {RonS} squeeze developing cetv
01[13:57] {@Threei} Long Setup:  FB  .10 break
01[13:57] {@Threei}  If holds  64
01[14:04] {@Threei}  no go
[14:05] {Alexs} Alex slants at Vad with Yatsenyuk like malevolent smirk
[14:05] {dptl} ebay
01[14:05] {@Threei}  don't even
[14:05] {dptl} .50 short
01[14:05] {@Threei}  keep that creep out of here
01[14:05] {@Threei}  he is a female repellent
01[14:06] {@Threei}  and count is not in your favor... 3 wins, 1 loss on FB today?
[14:07] {Alexs} oh well...
01[14:07] {@Threei}  also... if you put Lenin and Yatsenyuk on boxing ring... I'll bet on Lenin {GGG}
[14:08] {Alexs} lol, of course
01[14:09] {@Threei}  one fistfight Yatsenyuk won in his life was against his own nose when he lost his glasses after 2nd bottle of beer
[14:11] {Alexs} If it was Lenin all separatist were hanged upside down with their families next day
[14:13] {Alexs} he was the kindest man
01[14:16] {@Threei}  certainly
[14:19] {thomcbell} bizarre chart on pkg daily
[14:20] {thomcbell} looks like it is coiled to go higher
01[14:23] {@Threei} Short Setup: FB  .90 break
01[14:23] {@Threei}  If holds  64
[14:24] {dino} dsw hl l .55 stop lod bk
01[14:29] {@Threei}  1:1
06[14:29] * @Threei and Lenin slant at Alex and Yatsenyuk
[14:30] {Alexs} rofl
01[14:30] {@Threei}  1:2
01[14:30] {@Threei}  :)
[14:31] {nathan} well gents have a good night
01[14:31] {@Threei}  have a good one nathan
01[14:33] {@Threei}  1:3
01[14:33] {@Threei}  me out
01[14:33] {@Threei}  that's 4 to 1 Alex, with 2 of them being 1:3ers
01[14:34] {@Threei}  that's no blackjack
[14:34] {Alexs} ok you won :)
01[14:34] {@Threei}  of course - having Lenin in my corner... {G}
01[14:35] {@Threei}  and Stalin in reserve
01[14:35] {@Threei}  now, how did I find myself in one corner with those bandits?? :)
[14:37] {Alexs} if it helps to make money why not
01[14:37] {@Threei}  wow... this thing visits Victoria mid-June: https://www.facebook.com/photo.php?fbid=330031557144374&set=pcb.330031643811032&type=1&theater
[14:38] {thomcbell} darn aal worked nicely today
01[14:38] {@Threei}  nuclear-powered warship USS Nimitz
01[14:38] {@Threei}  crew of nearly 5,000
01[14:38] {@Threei}  you guys want to annex our island or what
01[14:39] {@Threei}  80-plus combat aircraft - two would be enough to take us over
[14:39] {RonS} lol
01[14:39] {@Threei}  our airforce is canadian geese
01[14:40] {@Threei}  a whole lot of them
[14:40] {RonS} and they are here in Denver
01[14:40] {@Threei}  they will pinch you to death
01[14:40] {@Threei}  mean creatures
[14:40] {Alexs} of course more things to do in BC than in Ukraine
[14:40] {RonS} more like crap you to death...
01[14:40] {@Threei}  totally
01[14:41] {@Threei}  just so you know what you would be dealing with Alex:
01[14:41] {@Threei}  local imbeciles hired a guy with a dog, to get rid of geese around the lake in a popular park
01[14:41] {@Threei}  dog run around barking at geese
01[14:41] {@Threei}  geese took off
01[14:41] {@Threei}  guy got pid
01[14:41] {@Threei}  paid
01[14:41] {@Threei}  geese landed back
01[14:42] {@Threei}  still want to annex us? :)
01[14:42] {@Threei}  our local govt, so called CRD, is setting new records of stupidity daily
[14:43] {Alexs} we need to do it first or Russia will be there
01[14:43] {@Threei}  scary to admit, but probably has ukrainian govt beat down
[14:43] {Alexs} lol
01[14:43] {@Threei}  well, if it's a choice between you and russia, sure, go ahead
01[14:44] {@Threei}  but at least fire our mayor
01[14:44] {@Threei}  please?
[14:46] {Alexs} we will send you de Blasio from NYC
01[14:46] {@Threei}  great... one idiot for another
01[14:47] {@Threei}  dp's EBAY works
01[14:47] {@Threei}  you are awake dp?
[14:47] {dptl} :)
[14:54] {dptl} out ebay .32
[14:55] {dptl} also shorted wfm .95...hoping it will break lod..but thing just froze
06[14:57] * @Threei pours boiling water on WFM
[14:57] {dptl} better just smack it with your 2x4 ..lol
01[14:59] {@Threei}  that would be so cruel
01[15:00] {@Threei}  (in truth, I broke 2x4 of FB today, squeezing 2 1:3ers out of it)
[15:00] {dptl} :)
[15:02] {dptl} hate that stock...and site too....so anoying, closed my account last week
[15:03] {dptl} getting old for that i guess :)
01[15:04] {@Threei}  what did you have account with them for?
[15:05] {dptl} dont even know now...curios i guess
01[15:10] {@Threei} Short Setup: TWTR  .30 break
01[15:10] {@Threei}  If holds  .40
01[15:12] {@Threei}  no go
01[15:17] {@Threei}  a lot of rinses today
01[15:18] {@Threei}  way above norm
[15:21] {goinshort} yep, should of quit this morning - cya tomorrow -thanks all!
01[15:21] {@Threei}  take care gs
01[15:22] {@Threei} Short Setup: GLD  .15 break
01[15:22] {@Threei}  If holds  .20
[15:31] {dino} uthr hl l .25 ave stop lod
[15:41] {dino} dsw to b/e
[15:48] {dino} out dsw .65, +.10
01[15:49] {@Threei}  not bad for the finish
01[15:49] {@Threei}  die GLD
[15:50] {Alexs} are you praying, asking or ordering?
01[15:52] {@Threei}  hmmm
01[15:52] {@Threei}  politely suggesting?
[15:52] {dino} uthr stop .18, -.07
[15:53] {dino} gn all, tee time in 30
[15:53] {Alexs} like ukrainian government?
01[15:54] {@Threei}  take care dino
[15:57] {Alexs} GLD likes humiliation I guess
01[15:58] {@Threei}  OK, time's running out
01[15:58] {@Threei}  thank you all, hava a good evening
01[15:58] {@Threei}  see you tomorrow
[15:58] {dptl} out wfm .86
[15:58] {dptl} good night all see ya tomorrow

May 27 2014

Calm and profitable day, with somewhat shaky back-and-forth start followed by steady stream of winning trades ranging from scalps to 1:3ers.


Session Time: Tue May 27 00:00:00 2014
[08:57] {dptl} good morning
01[08:57] {@Threei}  dp :)
01[08:59] {@Threei}  have you ever been to Donetsk?
[08:59] {dptl} no
01[09:00] {@Threei}  it's so weird to see this huge firefight in and around train station
01[09:02] {@Threei}  when it's places you know, it's especially surreal
[09:03] {dptl} yeah...
[09:06] {Alexs} good morning
01[09:07] {@Threei}  alex :)
[09:08] {dino} gm
01[09:08] {@Threei}  dino :)
01[09:09] {@Threei}  Reports suggest Ukraine looking to establish joint military unit with Poland and Lithuania
01[09:09] {@Threei}  sneaking into NATO via backdoor
[09:11] {RonS} howdy todos gente
01[09:11] {@Threei}  Ron :)
[09:15] {troub} good morning you all
01[09:15] {@Threei}  troub :)
01[09:16] {@Threei}  FB... .70 - .65 zone break short idea
[09:21] {RonS} anyone remember the Canadian company that will build the Keystone Pipeline?
01[09:21] {@Threei}  TXR?
01[09:22] {@Threei}  no
[09:22] {RonS} don't think so...
01[09:22] {@Threei}  something similar
01[09:23] {@Threei}  TRP
01[09:24] {@Threei}  TransCanada
[09:24] {RonS} yes, thanks
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:24] {ese} everyone have a good long weekend i trust
[09:24] {ese} vad
[09:25] {ese} Ron
[09:25] {RonS} PF going to have pressure
01[09:26] {@Threei}  ese, have you seen Bobby McFerrin will be at jazz fest?
[09:27] {ese} yes......am going to that concert
01[09:27] {@Threei}  :)
01[09:27] {@Threei}  got coupla more tickets?
[09:27] {ese} I get in for free because my band is playing at Jazz fest
[09:28] {ese} the Vic High band that is
01[09:28] {@Threei}  that's why I ask :)
[09:28] {Alexs} lol
[09:28] {ese} I can certainly try
01[09:28] {@Threei}  FB looks right...
01[09:28] {@Threei}  ugh
01[09:28] {@Threei}  got away
01[09:29] {@Threei}  let's see if repeats after open
01[09:30] {@Threei} Short Setup: FB  .70 break
01[09:30] {@Threei}  Invalidated
01[09:31] {@Threei} Short Setup: FB  .10 break break
01[09:31] {@Threei}  If holds  .20
01[09:33] {@Threei}  no go
01[09:33] {@Threei} Short Setup: C  .90 break
01[09:34] {@Threei}  If holds  .95
01[09:34] {@Threei}  Invalidated
01[09:35] {@Threei} Long Setup:  TZA  .50 break
01[09:36] {@Threei}  If holds  .45
01[09:36] {@Threei}  rinse FB
01[09:36] {@Threei}  somg
01[09:39] {@Threei}  half out
01[09:40] {@Threei}  stop .49
01[09:45] {@Threei}  *(US) MAY PRELIMINARY MARKIT SERVICES PMI: 58.4 V 54.5E
01[09:47] {@Threei} Short Setup: JPM  .15 break
01[09:47] {@Threei}  If holds  .25
[09:48] {dino} 'hooker, smr l pcyc .58
[09:51] {Alexs} GLD looks short
01[09:57] {@Threei}  .75 break, probably
01[09:58] {@Threei}  *(US) MAY RICHMOND FED MANUFACTURING INDEX: 7 V 5E
01[09:59] {@Threei}  *(US) MAY CONSUMER CONFIDENCE: 83 V 83.0E
01[10:03] {@Threei}  1:1  JPM
01[10:09] {@Threei} Short Setup: P  .75 breeak
[10:09] {dino} drtx gap fill, odd, drug approval
01[10:09] {@Threei}  If holds  .85
01[10:11] {@Threei}  Invalidated
[10:11] {dino} drtx smr l .51
01[10:12] {@Threei}  next spot of world-influencing disturbance:
01[10:12] {@Threei}  (SR) Saudi Arabia King Abdullah's deputy heir, Crown Prince Muqrin bin Abdulaziz, is said to face resistance from some quarters of the Saudi elite - Washington Post- Muqrin is the king's younger brother and appears to be popular among ordinary people, who say he is not corrupt. - Muqrins elevation is unpopular in some quarters due to questions about the validity of his newly created title and his pedigree as the son of a Yemeni concubine who was never formally married to his father. - Naming of Muqrin skipped over at least two other brothers, upsetting the unspoken rule that the succession passes down according to age
[10:14] {dino} lol like age has anything to do w/smarts
01[10:14] {@Threei}  " his newly created title and his pedigree as the son of a Yemeni concubine" - and we thought we had problems
[10:15] {dino} perhaps that concubine put in extra effort
01[10:15] {@Threei}  lol
01[10:16] {@Threei}  alex, you took GLD?
01[10:16] {@Threei}  nice selling
[10:19] {Alexs} yeah was just a scalp though
01[10:20] {@Threei} Long Setup:  TWTR  .70 break
01[10:20] {@Threei}  If holds  .60
01[10:25] {@Threei}  trail stop to .64
01[10:25] {@Threei}  1:1
[10:26] {dino} drtx stop to .01
[10:27] {nemo} yy looks short
01[10:30] {@Threei}  *(US) MAY DALLAS FED MANUFACTURING ACTIVITY: 8 V 9.2E
[10:31] {dino} to .21
01[10:31] {@Threei}  GLD is clobbered
01[10:32] {@Threei}  (must be manipulation)
[10:32] {Alexs} rinsed my second half (
[10:32] {dino} out drtx .16, slip, +.65
01[10:33] {@Threei}  wtg
[10:33] {dino} ty
[10:33] {troub} good one dino
[10:34] {dino} ty
[10:35] {Alexs} MCD short Vad?
01[10:35] {@Threei}  no sure, no clear setup
01[10:47] {@Threei} Long Setup:  CAT  .45 break
01[10:47] {@Threei}  If holds  .35
[10:57] {Alexs} doing a full lot CAT Vad?
01[10:57] {@Threei}  yeah
[10:59] {dino} sm l .76
01[11:01] {@Threei}  nah
[11:02] {RonS} having trouble finding the symbol .76
01[11:03] {@Threei}  lol
[11:09] {dino} petm stop .64 -.12
01[11:09] {@Threei} Short Setup: P  .85 break
01[11:09] {@Threei}  If holds  .95
[11:13] {Alexs} HPQ .90 short?
01[11:13] {@Threei}  rather .95 long
[11:14] {Alexs} interesting
[11:14] {cosmo} can't understand it....prec mteals are supposed to ralley at times of rising war tensions
01[11:15] {@Threei}  yes
01[11:15] {@Threei}  but there is no war tensions
[11:15] {dino} up is down cosmo
[11:15] {cosmo} ah
[11:15] {cosmo} phoney tensions?
01[11:16] {@Threei}  from market point of view, there is new president, more promise of stability and Putin making peaceful noises
[11:16] {dino} scanners not throwing much out
01[11:16] {@Threei}  internal battles in Ukraine is not of market's concern
01[11:16] {@Threei}  war between countries is
[11:17] {RonS} celg spike
01[11:17] {@Threei}  and even that is limited to a degree to which it's likely to involve others
[11:17] {cosmo} ic
[11:18] {dino} markets have already ngiven ukraine to russia
01[11:19] {@Threei}  or at least stated that they don't care whether it remains whole or independent - as long as no open war breaks out
[11:19] {RonS} whr pressure
01[11:19] {@Threei}  - Gold prices have slid nearly 2% through the European session on a number of factors. China's gold imports from Hong Kong fell in April amid signs that investment demand is waning. The election in Ukraine provided a decisive outcome and Russia has made conciliatory noises. There has been some follow-on effect from falling platinum prices, after South Africa's mining minister pledged to mediate in a long-running strike
01[11:20] {@Threei}  of course those noises are just that, as Russia continues supporting and supplying rebels
01[11:20] {@Threei}  but there is no invasion, and that's all markets care about
01[11:20] {@Threei}  1:1  P
[11:21] {cosmo} So then, ultimately gold will serve those best who can fashion it into a weapon of valor for personal protection.
[11:22] {cosmo} just a theory
[11:24] {Alexs} HPQ is working Vad 1:1
01[11:24] {@Threei}  :)
01[11:24] {@Threei}  took it?
[11:24] {Alexs} hl
01[11:24] {@Threei}  cool
01[11:25] {@Threei}  why hl? it's quite thick
[11:26] {Alexs} was against my view lol
01[11:27] {@Threei}  "discomfort and profit go hand in hand"
[11:27] {Alexs} right
01[11:27] {@Threei}  {--- said his smart thing for the day and fell asleep
[11:28] {Alexs} rofl
[11:33] {RonS} looks like people falling over themselves guessing who pfe tries to buy next  CELG ALNY etc
[11:46] {dino} took all morning, but out pcyc .98, +1.40
01[11:46] {@Threei}  wtg
[11:46] {dino} ty, brb
[11:48] {ese} ya but......your good at this dino....nice one
[11:52] {RonS} Egypt extends presidential election vote to 3rd day
[11:52] {RonS} ...what?  turnout then 500%?
01[11:53] {@Threei}  Election is not legitimate unless winner gets 146% ~Putin V. V.
[11:54] {RonS} had a whole war before in 3 days...
[11:54] {RonS} celg gone pulp
01[12:08] {@Threei} Short Setup: FB  .80 break
01[12:08] {@Threei}  If holds  .90
[12:13] {ese} cya tomorrow gents.....and possibly ladies
01[12:13] {@Threei}  take care ese
01[12:13] {@Threei}  Yahoo! Inc Could launch its planned online video site later this summer - Advertising Age- Yahoo plans to offer content producers more generous revenue-sharing deals (Google takes 45% of the ad revenue) or fixed ad rates that are significantly higher than YouTube currently offers.
[12:13] {ese} cya vad
01[12:14] {@Threei} Short Setup: C  .10 break
01[12:15] {@Threei}  If holds  .20
[12:15] {Alexs} c
01[12:16] {@Threei}  oh lord... ad for a grill located on the floating dock, obviously fashioned after the worst Ron's lines:
[12:16] {dino} cya ese
01[12:17] {@Threei}  Grilligan's at Fisherman's Wharf Victoria - Where Bouy Meets Grill.
[12:17] {RonS} classic
01[12:17] {@Threei}  Ron... it's contagious, and spreading...
01[12:19] {@Threei}  image of Fisherman's wharf: http://www.arrestinglight.com/downtown/h2242513D#h2242513d
[12:21] {dino} one day i will be on a cruise, turn the corner, and bump into vad, the ships photographer
01[12:21] {@Threei}  easy
[12:21] {dino} :)
01[12:21] {@Threei}  fish is going to meet me next sunday just this way
01[12:22] {@Threei}  he is here on his way back from Alaska cruise
[12:23] {dino} nice
[12:30] {Alexs} JPM was a better vehicle for that brakedown
01[12:31] {@Threei}  If I were as smart yesterday as my wife is today {G}
[12:31] {Alexs} rofl
01[12:31] {@Threei}  anyway, stop to .16
01[12:34] {@Threei}  noq, this is a meaningless line if I ever saw any:
01[12:34] {@Threei}  Ukrainian Congress Committee of America declares presidential elections free and democratic
01[12:35] {@Threei}  anyone asked them? their seal of approval is needed? Anyne even knew they existed?
[12:35] {Alexs} that's exactly what Ukraine expected from them
01[12:35] {@Threei}  I doubt there is more than 10 people in Ukraine that ever heard about them
[12:37] {Alexs} and as many people in that Congress I guess
01[12:37] {@Threei}  now, there is an insurance company that insured Donetsk airport... I expect bankruptsy any day now
01[12:37] {@Threei}  lol, true
01[12:37] {@Threei}  youngest is 92
01[12:37] {@Threei}  he is the one they sent for coffee
01[12:37] {@Threei}  because he brings it in under 4 hours
01[12:38] {@Threei}  the rest take 3 days, and police help to locate the office
[12:41] {Alexs} Poroshenko promissed his first trip will be to Donetsk I guess he decided to send a couple of bombers first
01[12:41] {@Threei}  paving the road?
[12:41] {Alexs} lol
01[12:42] {@Threei}  I don't know what he is hoping to achieve there. People's governor" refused to meet with him
01[12:42] {@Threei}  who is he going to talk to?
[12:43] {Alexs} I don't think he will go there in the nearest future
01[12:43] {@Threei}  he also gave another promise that raised a lot of brows:
01[12:43] {@Threei}  finish anti-terrorist operation succesfully in hours
01[12:44] {@Threei}  good luck with that
01[12:47] {@Threei}  meh C
[12:53] {Alexs} GLD short Vad?
01[12:53] {@Threei}  .87 break yes
01[12:53] {@Threei}  just was looking at it
01[12:53] {@Threei} Short Setup: GLD  .87 break
01[12:53] {@Threei}  If holds  .95
01[12:56] {@Threei}  when you have 5 min, tell me how laughable my 23,400 result is: http://testyourvocab.com/
01[13:01] {@Threei}  (UR) Ukraine Foreign Min: Russia has been financing terrorists and has been doing nothing to prevent further infringment at the border
01[13:01] {@Threei}  nothying? it organized it
01[13:02] {@Threei}  trucks and buses with people and weapons
01[13:02] {@Threei}  1:1  GLD
[13:05] {dptl} p
01[13:05] {@Threei}  .60 break yes
[13:05] {Alexs} tza
01[13:05] {@Threei}  if I read you right
[13:05] {dptl} yes
01[13:06] {@Threei}  although you could indulge us and speak in more than one letter
[13:06] {dptl} lol...ok :)
01[13:06] {@Threei}  couple syllables, as a token of respect?
01[13:06] {@Threei}  there
01[13:06] {@Threei}  see, was it hard? :)
[13:07] {dptl} :)
[13:12] {dino} tza l .34
[13:23] {nathan} hi gents
[13:25] {Alexs} cat looks short
01[13:25] {@Threei}  hey nathan
01[13:26] {@Threei}  .95 alex?
[13:26] {Alexs} yes
01[13:26] {@Threei}  why not
01[13:26] {@Threei}  stop is very tight
01[13:30] {@Threei}  P finally starts taking shape
[13:30] {dptl} i took some at .64
[13:30] {dptl} short
[13:30] {dptl} will add
01[13:34] {@Threei}  CAT 1:1
[13:36] {nathan} C ?
[13:36] {nathan} no news on C?
01[13:37] {@Threei}  Citigroup Inc CFO: Trading revenue in Q2 is down 20-25% y/y so far, consumer revenue to be flat q/q - Deutsche Bank conf comments- Institutional revenue to decline in Q2 - Investment banking revenue in Q2 expected to rise q/q - Loan demand remains choppy.
[13:37] {Alexs} very good news
[13:38] {nathan} by the way, Thanks Alexs for CAT
[13:38] {Alexs} :)
[14:03] {Alexs} cat 1:2
01[14:03] {@Threei}  P works nicely too
06[14:03] * @Threei slaps dptl around a bit with a large roll of cash
01[14:03] {@Threei}  just in case he fell asleep
06[14:04] * @Threei slaps nemo around a bit with a large trout
01[14:04] {@Threei}  just in case
[14:06] {Alexs} 1:3 cat out
01[14:06] {@Threei}  wtg
[14:06] {Alexs} ty
01[14:07] {@Threei}  I am afraid dp did fall asleep
01[14:07] {@Threei}  P drops, he is silent
[14:07] {dino} i'm about to
[14:08] {Alexs} money likes silence
[14:15] {dptl} out p
[14:15] {dptl} .46
01[14:15] {@Threei}  finally... wakey wakey
[14:15] {dptl} lol
[14:18] {dino} tza stop .29 -.05
01[14:20] {@Threei}  1:2  P
[14:21] {nathan} nice P
[14:22] {dptl} lol..sounds funny
[14:22] {nathan} :-)
01[14:22] {@Threei}  pk... let's try this: "Nice 3.14"
01[14:22] {@Threei}  still funny?
[14:22] {dptl} better..lol
01[14:37] {@Threei}  1:3  3.14
[14:37] {dptl} yep
[14:37] {Alexs} you should keep it to 1:3.14
01[14:37] {@Threei}  too sofisticated math
01[14:37] {@Threei}  I am a simple man
[14:40] {Alexs} btw have you seen "life of pi" nice movie
01[14:41] {@Threei}  no...
01[14:42] {@Threei}  I need to see how Jack Bauer saves the world first
[14:43] {Alexs} no, really "life of pi" is very good
[14:47] {dino} invention of lying was funny
[14:47] {RonS} best thing is the cinema photography...interesting story...bit over the top
[14:50] {nathan} dino watch TEVA spike
[14:51] {dino} patent ruling
[14:52] {Alexs} AIG short .80?
01[14:53] {@Threei}  not sure...
01[14:54] {@Threei} Long Setup:  IWM  .40 breal
[14:55] {dino} cone
01[14:55] {@Threei}  If holds  .30
01[14:58] {@Threei}  Kyiv sends protest note to Russia due to border trespass by armed people
01[14:58] {@Threei}  Russia: why would we stop now?
[14:59] {Alexs} why Ukraine let them get in?
01[14:59] {@Threei}  they didn't go through the checkpoints
01[14:59] {@Threei}  it's a very porous border
01[15:00] {@Threei}  dozens of side roads
[15:00] {cosmo} maybe they already live there?
[15:00] {dino} sabr drop
[15:01] {dino} l .29
[15:01] {dptl} test
[15:01] {Alexs} they should strengthen border in that case
01[15:01] {@Threei}  easier said than done
01[15:02] {@Threei}  look at the map
[15:02] {RonS} dino, what dollar?  lol
[15:02] {Alexs} yes but you think it's easier to fight them inside the country?
[15:02] {dino} 17
01[15:02] {@Threei}  I don't think there is any obvious option
01[15:03] {@Threei}  endless rural space, largely controlled by rebels
[15:03] {Alexs} so then just give up...
01[15:04] {@Threei}  to send that many troops to the border means essentially to fight your way through
01[15:04] {@Threei}  all the eorads go through the towns controlled by rebels
01[15:04] {@Threei}  no one says give up
01[15:04] {@Threei}  I a saying there is no easy obvious solution
01[15:04] {@Threei}  it's a real war, in towns and cities with civil population
01[15:05] {@Threei}  where rebels shoot from the densely populated areas
01[15:06] {@Threei}  where tyey get to more or less open areas, they suffer heavy casualtes, like in airport
01[15:06] {@Threei}  but fir the most part they dont
[15:07] {dptl} test
[15:08] {dptl} am i here?
06[15:08] * @Threei slaps dptl around a bit with a large "TEST THIS!" banner
[15:08] {dptl} lol...ok i am here :)
[15:09] {dptl} just installed mirc on other comp
01[15:09] {@Threei}  "I am slapped therefore I am"
[15:09] {dptl} thats right :)
[15:10] {Alexs} I think Poroshenko knows easy solution when he promise to finish it quickly
[15:11] {dptl} sounds scary
01[15:13] {@Threei}  we will see...
01[15:13] {@Threei}  I know what I'd do if I were him
[15:13] {Alexs} he needs to show strength or he will lose the power very soon
[15:14] {Alexs} no other way
01[15:14] {@Threei}  yes... and more than that,
01[15:14] {@Threei}  do it quickly, do it decisively and call Putin's bluff
01[15:14] {@Threei}  now that Putin demonstrated that he doesn't want to invade, attack rebels
01[15:15] {@Threei}  and put him in the corner: invade if you want. get guerilla war
01[15:15] {@Threei}  or leave them die and lose credibility\
01[15:15] {@Threei}  1:1  IWM
01[15:15] {@Threei}  if you let this drag out, he will maintain this instabilty forever
[15:16] {dino} nat, teva was good idea
01[15:17] {@Threei}  main problem though is, you can't attack them with regular troops
[15:17] {nathan} did u jump?
[15:17] {dino} no, over-thought it
[15:17] {dino} thinking the enemy
[15:17] {nathan} yup
[15:19] {dptl} see ya tomorrow all
[15:19] {nathan} c u
[15:20] {dino} sabr stop -.23
[15:22] {dino} afternoons are worthless lately
[15:22] {Alexs} what can prevent Poroshenko's play is his business, he can lose his money finally
[15:23] {nathan} we'll take care gents! see you tomorrow
[15:23] {nathan} have a good night
01[15:24] {@Threei}  you too nathan
[15:27] {dino} clvs blood
01[15:27] {@Threei} Long Setup:  CAT  .60 break
01[15:27] {@Threei}  If holds  .50
[15:31] {dino} clvs hl l .09
[15:40] {Alexs} oh, missed cat...
[15:42] {dino} out clvs .41, +.32
01[15:42] {@Threei}  1:1
[15:48] {dino} damn clvs went .90
[15:53] {goinshort} thanks all! - cya
01[15:53] {@Threei}  gs :)
[15:53] {dino} gn
01[15:53] {@Threei}  thank you all, have a good evening
01[15:54] {@Threei}  see you tomorrow

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Waiting for the Melt-Up

- Global markets quickly backed away from the panicky dive into safe assets seen last week and equity markets coasted back to May highs. In the US, the S&P500 pushed out to a (near) record high and the benchmark 10-year yield eased out to 2.536% after touching 2.472% at its deepest compression last week. Geopolitical developments were front-and-center all week: Europeans voted in EU Parliament elections, in Thailand the army took over control of the country in an outright coup, North and South Korea exchanged artillery fire, China and Russia signed a 30-year natural gas supply deal, and Ukraine saw more violence ahead of weekend elections though Mr. Putin softened his tone on the crisis. April housing data showed an improving market in the US. Preliminary European May manufacturing PMI data out of France and Germany missed expectations. But overall there did not seem to be any major catalyst driving lethargic market moves and many analysts suggested participants were merely biding time, waiting for clarity on possible ECB easing, waiting for Ukraine to calm down and waiting most of all for an excuse to power the US melt-up to ever greater highs. For the week, the DJIA gained 0.7%, the S&P500 rose 1.2%, and the Nasdaq added 2.3%.

- There was little response in markets to the release of the FOMC minutes which contained no major revelations about the Fed's exit planning. However, a few trends could be gleaned from the document. The Fed is clearly still not concerned about inflation and believes it will stay below the 2% threshold for quite some time. Policymakers seemed to agree now is the time to start preparing exit strategies, which will likely involve reverse repos and raising interest rates on excess reserves (IOER). But even as the exit approaches, forward guidance is still in place and could "enhance the clarity and credibility of monetary policy."

- The April US housing data indicates improvements in sentiment after a hard winter selling season. Both new and existing home sales accelerated modestly from March levels. The headline April existing home sales figure was the best reading in four months. Commenting on the data, the NAR chief economist noted that some growth was inevitable after sub-par housing activity in the first quarter, and said he believed improved inventory is expanding choices and sales should generally trend upward from this point. The stocks of major US homebuilder rose 4-5% on the week. Home improvement names Home Depot and Lowes saw restrained growth in first quarter earnings, however both indicated that so far May sales have been very strong.

- There were some truly terrible results seen out of retailers this week, and the tough environment cut across retail categories. Best Buy saw the best results, as the company's big turnaround plans continue to bear fruit and help arrest the big declines in quarterly sales. Target met all expectations in its first quarter but cut its FY14 forecast. Apparel retailers were pretty weak, with most missing or barely meeting deflated consensus expectations. Guidance was quite bad. Aeropostale lost 25% of its value after disclosing especially bad results. Sears Holding's business continues to implode, and the company said it would sell some or all of its position in Sears Canada.

- Caterpillar released troubling April dealer statistics, with retail sales of machines down 13% y/y, slightly worse than the firm's March performance. The cooling of China's housing and resource sectors contributed heavily to Caterpillar's 25% y/y sales decline in Asia, compared to March and February declines of 20% and 17%, respectively.

- After weeks of talks, AT&T has offered to buy DirecTV for $95/share in a cash and stock deal valued around $67.1 billion. DirecTV shareholders will receive $28.50 per share in cash and $66.50 per share in AT&T stock. The price implies a total equity value of $48.5B and a total transaction value of $67.1B. The agreement includes no break-up fee or penalty that AT&T would have to pay if regulators shut down deal, while DirecTV agreed to pay a $1.4B fee to AT&T if it leaves the deal for a higher bid. After the agreement was announced there were reports DISH Networks was holding talks with Verizon, however Verizon's CEO later dismissed them and said the company did not need to do any big acquisitions.

- AstraZeneca rejected Pfizer's final offer of £55/share, and suggested the board could have considered a bid above £58.85. The deal is not quite dead yet as many of AZN's largest shareholders have encouraged the board to take another look or otherwise engage with Pfizer. Monday, May 26th is Pfizer's deadline to get AstraZeneca to accept an offer before having to wait six months under UK law to make another offer. Pfizer has said it has no intention of launching a hostile bid.

- Starting with the UK and the Netherlands, Europe began voting for a new EU parliament on Thursday. Final results are expected Sunday night, however exit polls suggest that euro-skeptic parties are gaining less ground than expected in the election. In the run-up to the elections, there were real fears that fringe parties would capitalize on low turnout, anger over immigration and weak economies to take more seats in the EU legislature. Until the end of last week, European bonds had rallied on the back of rising confidence in the Eurozone recovery and expectations for more ECB easing. But the trend went into reverse on weak GDP readings and fears about the election results, as benchmark peripheral bond spreads widened out to levels not seen in months.

- In the UK, markets were eager to see whether the minutes of the BOE's May meeting would show any loss of consensus among MPC viewpoints. Cable rose from 1.6790 as high as 1.6920 on the release of the notes on Wednesday morning. Some MPC members indicated that gradual, earlier rate hikes might be needed. Cable also benefitted from spectacular April retail sales data (+1.8% v +0.5%e) which saw its largest m/m gain in a decade. The second reading of UK Q1 GDP came in unchanged from the advance reading, but took cable off its best levels thanks to q/q declines in import and export readings. GBP/USD closed out the week well off its best levels, below 1.6820.

- The BoJ policy statement on Wednesday offered no hints that the bank was getting any closer to more easing. For the 10th consecutive meeting, the BoJ said the domestic economy continued to recover moderately and maintained its overall economic assessment. Revisions included a higher capex assessment, following the strong capex component in Q1 GDP and strong machine orders earlier this week, as well as a lowered public investment assessment. Analysts focused on three separate instances in the statement of the BoJ expressing concern that "decline in demand following front-loaded increase prior to consumption tax has been observed." USD/JPY bottomed out around 100.90 ahead of the decision and then pushed back to 102 by Friday. In an interview on Friday, BOJ governor Kuroda signaled some impatience with the Abe government, urging that the growth strategy be implemented swiftly and promptly.

- The Thai Army declared martial law and seized full control of the country in a coup this week, the second time in a decade the army has overthrown an elected government. The move came just a day after talks between the 'red shirt' backers of the current government and their opponents failed, following months of sometimes violent street protests. The Thai constitution has been suspended by the Senate, independent organizations and the courts to remain in place.

- The slow motion deceleration of the Chinese property market continues. The April home price report showed y/y price growth slowed down in all 70 cities surveyed, and the aggregate growth rate dropped to its slowest pace in 11 months. As a result, experts expect the list of major cities easing property market controls to expand to at least 39 from 8 cities presently. Hangzhou, in the eastern province of Zhejiang announced a limit on property price cuts. Addressing the issue, PBoC Governor Zhou asserted that the housing market is in good condition when looked at with an eye to the long term, with bubbles confined to a few cities. On a more positive note, the preliminary May HSBC manufacturing PMI numbers (49.7 v 48.3e), while still in sub-50 contraction territory, did see a second consecutive month of sequential improvement. New export orders and output prices shifted to growth but employment remained soft.

- After nearly a decade of negotiations, China and Russia signed a $400 billion, 30-year gas supply deal, giving Russian President Putin a lovely photo op with his Chinese counterpart and preventing a major embarrassment before flying home to Moscow on Thursday. The pricing terms of the deal were not clear and many analysts believe the Russians were forced to take a much lower price than they originally wanted. Others noted that the fields and pipelines needed to supply the gas have not yet been built.

TradeTheNews