June 30 2014

Nice morning with 1:3 and a few scalps, followed by low volume seesaw with a few small stops.

 Session Time: Mon Jun 30 00:00:00 2014
[08:58] {dino} bk hl s .51
01[08:58] {@Threei}  morning dino
[09:07] {dino} gm
01[09:13] {@Threei}  FB, so far .55 break long
[09:15] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:15] {RonS} howdy and good morning
01[09:15] {@Threei}  ron :)
01[09:18] {@Threei}  if FB waits for us and holds like this into open, .55 break long with stop under .45
[09:19] {nemo} I'm having clearinghouse issues again
01[09:19] {@Threei}  you tried to place an order?
[09:20] {nemo} oh yeah, there was also a system message...2 or 3 days a month been happening
01[09:20] {@Threei}  not all accounts are affected
[09:20] {nemo} nope
01[09:21] {@Threei}  West Africa Ebola epidemic is 'out of control'
01[09:25] {@Threei}  short week btw
01[09:32] {@Threei} Short Setup: TWTR  .10 break
01[09:32] {@Threei}  If holds  .20
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  FB  .45 break
01[09:32] {@Threei}  If holds  .35
01[09:33] {@Threei}  1:1
[09:34] {dino} bk stop, .70 -.18
01[09:35] {@Threei}  1:2
01[09:35] {@Threei}  1:3
01[09:35] {@Threei}  out
[09:36] {thomcbell} yhoo very firm
[09:36] {nemo} ali baba coming
01[09:36] {@Threei}  yeah, I am actually surprised by weak daily
01[09:37] {@Threei}  would expect it to run into IPO, and drop right after
01[09:40] {@Threei} Long Setup:  YHOO  .90 break
01[09:40] {@Threei}  If holds  .80
01[09:41] {@Threei}  1:1
01[09:44] {@Threei} Long Setup:  TWTR  .15 break
01[09:45] {@Threei}  Copy limit is reached
01[09:45] {@Threei}  oops
[09:45] {dino} bk s .61
01[09:45] {@Threei}  *(US) JUN CHICAGO PURCHASING MANAGER: 62.6 V 63.0E
01[09:45] {@Threei}  If holds  .05
[09:47] {RonS} sale l 26.93
01[09:48] {@Threei}  1:1
[09:50] {RonS} tsl l 12.59
01[09:52] {@Threei} Short Setup: EBAY  .90 break
01[09:54] {@Threei}  If holds  50
[09:54] {nemo} spy .30 range
01[09:56] {@Threei}  still, we found 3 winning plays, one of them 1:3
[09:57] {dino} emes spike
01[09:59] {@Threei}  *(US) MAY PENDING HOME SALES M/M: 6.1% V 1.2%E; Y/Y: -6.9% V -9.6%E
[09:59] {dino} cov bk .38, +.23
[10:06] {dino} \petm sm l .95
01[10:08] {@Threei} Long Setup:  TWTR  41 break
01[10:08] {@Threei}  If holds  .90
01[10:12] {@Threei}  issue's fixed, nemo
[10:12] {nemo} yep
[10:13] {nemo} mine was o.k. just before the open
[10:15] {RonS} out tsl 12.85 +.25
[10:15] {nemo} missed tna .30 break
[10:17] {dino} petm to .25
[10:19] {RonS} out sale 27.15 +.22
[10:19] {dino} gj
[10:19] {dino} out petm .28,
[10:19] {dino} +.33
[10:27] {RonS} BREAKING: Supreme Court overturns contraceptive mandate in Affordable Care Act
[10:27] {nemo} frankly, I like the idea of people not breeding
[10:28] {thomcbell} wuba looks vulnerable to profit taking
[10:28] {thomcbell} money is going into the other names YY BITA QIHU SINA ETC
[10:31] {dino} smr l emes .50 gappy sucker
[10:32] {dino} i'm w/ya on the not breeding thing nemo
01[10:33] {@Threei}  *(US) JUN DALLAS FED MANUFACTURING ACTIVITY: 11.4 V 8 PRIOR
[10:38] {nemo} agn looks short
01[10:43] {@Threei} Long Setup:  P  .50 break
01[10:43] {@Threei}  If holds  .45
01[10:43] {@Threei}  Invalidated
[10:47] {nemo} twtr looks long over .60
[10:48] {nemo} made a liar out of me
[10:56] {nemo} tna above .90
[10:58] {nemo} wow got choppy out there
[11:03] {dino} emes to .00
[11:05] {dino} out emes .00, +.50
01[11:06] {@Threei}  wtg
01[11:07] {@Threei} Short Setup: FB  .65 break
01[11:07] {@Threei}  If holds  .75
[11:07] {dino} ty
[11:08] {dino} axdx drop
01[11:10] {@Threei}  Invalidated
01[11:14] {@Threei}  71% Think IRS Likely to Have Destroyed E-mails to Hide Guilt
01[11:14] {@Threei}  that obvious huh?
[11:15] {dino} surprsed not 100%
[11:15] {Raven} 75% don't have a clue that there is any issue with the IRS
01[11:15] {@Threei}  well, it's a very good correlation with 27-29% regularly answering that USA is heading in the right direction'
[11:16] {troub} actually is 100% dino, but 29% got lost.
01[11:17] {@Threei}  lol
[11:19] {dino} hain smr s .13 stop .31
[11:21] {dino} lol
[11:29] {thomcbell} what is driving HAIN
[11:29] {dino} dk
01[11:30] {@Threei}  nothing fresh on HAIN
01[11:30] {@Threei}  BBRY Strength may be attributable to article making positive comments about the future of BBRYhttp://qz.com/228123/investors-are-starting-to-think-blackberry-has-a-future/
[11:44] {dino} gwph crazy
01[11:47] {@Threei} Short Setup: FB  .55 break
01[11:47] {@Threei}  If holds  .65
[11:49] {RonS} gwph reefer madness...
01[11:52] {@Threei}  (DE) Germany Fin Min Schaeuble: The EU needs both an energy union and a digital union
01[11:52] {@Threei}  it's a union galore
01[11:52] {@Threei}  unionfest
01[11:52] {@Threei}  the more unions the merrier
[11:58] {dino} hain to .93
[12:00] {dino} cov hain .83, +.30
01[12:07] {@Threei}  gotta switcvh to fades
01[12:07] {@Threei}  direct setups stopped working
01[12:24] {@Threei}  watching IWM for pullback entry
01[12:24] {@Threei}  between .35 and .40 most likely
[12:46] {nemo} Raven leaves and Corvus arrives...can't make this shit up
[12:49] {dino} lol
[12:49] {dino} axdx smr l .50 hooker
[12:51] {nemo} fang you're kinda' stock dino
[12:59] {dino} out axdx .93,.43
[12:59] {dino} +.43
[13:02] {thomcbell} have a good day guys - have to run
01[13:02] {@Threei}  take care thom
[13:19] {nemo} computer decided to go blue screenon me
01[13:20] {@Threei}  yuck
01[13:27] {@Threei} Long Setup:  FB  .85 break
01[13:27] {@Threei}  If holds  .78
01[13:51] {@Threei}  meh
[13:51] {nemo} yeah, breakdown breakouts, iffy
01[13:59] {@Threei}  Russian tanks openly move to Luhansk, eyewitness says
[14:04] {RonS} good thing they don't have stealth tanks...
[14:04] {RonS} teachers still on strike?
01[14:04] {@Threei}  seems indefinitely
01[14:05] {@Threei}  there is no signs of an end
01[14:06] {@Threei}  labor board deemed summer school essential services so they are legislated back to work for that
01[14:06] {@Threei}  other than that, no slightest sign of negotiations moving anywhere
01[14:09] {@Threei}  Phrase assigned by internet jokers to russian propaganda masters: "we will drown in blood those who question our peaceful intentions"
01[14:10] {@Threei}  (US) President Obama plans to make a statement on immigration reform at 14:50ET - Will seek to fix as much as of the immigration system as is possible through executive orders - Reminder: earlier reports this weekend indicated Obama was seeking to ask Congress for $2B in efforts to handle the border crossings and security issues - Note: House Speaker Boehner (D-OH) has indicated in the past he does not plan a vote on immigration reform for this year
[14:33] {nemo} [2:31:45 PM] mark ierardo: anybody know what Dolly Parton looked like before her inflatables?
01[14:33] {@Threei}  do we want to?
[14:34] {nemo} Question floats through from time to time
[14:34] {nemo} I'm not much on augmentations in the first place
[14:34] {dino} betcha she floats w/them
[14:34] {nemo} Yeah...I remember talking a woman out of getting them one night
[14:35] {nemo} at a bar
[14:35] {nemo} think I had my priorities backwards
[14:36] {nemo} If we ever have what was once considered a normal market correction, people will be jumping out of windows
[14:37] {nemo} So, had the house torn apart to clean carpets this weekend.  Bunny was apoplectic.
[14:37] {nemo} Nothing was where it was supposed to be
[14:37] {nemo} I threw a coupla' valerian root capsules in with her food
[14:40] {nemo} bid pull, or did they  invade the Ukraine
[14:43] {dino} axdx smr l .50
01[14:43] {@Threei}  no news
[14:43] {nemo} an .18 pullback and no news?  wtf
01[14:44] {@Threei}  GM announced 6 additional recalls but what's the news in that
01[14:50] {@Threei}  (UR) Reportedly Ukraine military is moving large column of armor toward disputed city in Eastern Ukraine, ceasefire to officially end at 15:00ET - press - Reportedly President Poroshenko to address the nation and declare martial law in eastern Ukraine shortly
01[14:50] {@Threei}  knew that 2 hours ago
01[14:50] {@Threei}  didn't realize it was news to move the market
[15:06] {dino} .
01[15:07] {@Threei}  Live video: President Obama delivers statement on immigration reform from the White House
[15:08] {dino} thank god, must have been 24 hours without him on tv
01[15:08] {@Threei}  you mean he hasn't hit 6 daily talk shows yesterday?
[15:08] {dino} :)
[15:10] {dino} axdx to .85
[15:11] {dino} to .90
[15:13] {dino} to .98
01[15:17] {@Threei}  US) President Obama: To bypass Congress and act to make changes to immigration policy - Held off for a year on cajoling Boehner to try to move on immigration, but House will not move to vote on a bill. - To continue to reach out to House Republicans in hopes they will pass a comprehensive immigration bill.
[15:17] {dino} dictator obummer
01[15:17] {@Threei}  (IQ) Reportedly US security figures believe terror threat from ISIS against US targets is "extremely high" - NBC - ISIS developing bomb making skills and has recruited foreign fighters that would enable it to target US, UK and Europe interests.
[15:19] {dino} to .09
[15:20] {dino} out axdx .08 slip, +.58
01[15:20] {@Threei}  wtg
[15:20] {dino} ty
01[15:21] {@Threei} Long Setup:  TWTR  .90 break
01[15:21] {@Threei}  If holds  .80
01[15:24] {@Threei}  two-sided
[15:25] {nemo} .72 is pivot
01[15:29] {@Threei}  love the morning, hate the afternoon
01[15:29] {@Threei}  let's cancel afternoons
[15:29] {nemo} afternoons are like marriage
[15:29] {dino} agreed
01[15:40] {@Threei}  ok... drop now
[15:40] {dino} bph drop
01[15:40] {@Threei}  and die horribler death
[15:40] {dino} tbph
01[15:42] {@Threei}  California Gov Brown signs law repealing former ban on use of currencies that are not US legal tender in the state - press - Bill AB 129 covers not only bitcoin but also currencies that are specific to communities and also points for customer reward system
01[15:42] {@Threei}  right, let's open that wormhole
[15:42] {dino} govt has lost its mind giving up currency control, imo
01[15:44] {@Threei}  if you set a target of country destruction and setting the wolrd on fire, this govt is very focused and highly effective
[15:45] {dino} indeed
[15:45] {dino} and our current govt is very adept at giving away our hard won gains
01[15:48] {@Threei}  President Obama announces 'new effort' to do what he can independently to overhaul immigration while Congress stalls
01[15:48] {@Threei}  Cease-fire declared by Ukrainian President Petro Poroshenko expires without any immediate word on extension
01[15:49] {@Threei}  Israeli prime minister in response to deaths of kidnapped teens: 'Hamas will pay.'
01[15:50] {@Threei}  let's trail TWTR to .86
01[15:54] {@Threei}  Ok guys, thank you all
01[15:54] {@Threei}  have a good evening, see you tomorrow
[15:54] {dino} gn all

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Summer Doldrums Arrive Early

- The second quarter still has one session left to go on Monday, however there was very little quarter-end repositioning driving trading volumes or volatility any higher this week. The final reading of first quarter US GDP came in much lower at -2.9%, however markets ignored this well-trodden story to concentrate on more recent, more positive numbers: the May Markit manufacturing PMI reading pushed out to 61, its highest level since May 2010; May new home sales surged 18.6% from April to an adjusted rate of 504K, the highest level since 2008; and May core PCE at 1.5%. Similarly positive data were seen out of China and Japan, while European indicators held steady at a low level of growth and inflation. The S&P500 made an all-time intraday high on Tuesday and then edged lower, while European bourses moved lower all week. For the week, the DJIA dropped 0.6%, the S&P500 fell 0.1% and the Nasdaq gained 0.7.

- The annualized May core PCE, the Fed's preferred measure of inflation, grew 1.5%, right in line with consensus expectations. This is the highest rate of growth in the measure since February 2013, and the overall reaction to the data among analysts and the Fed was very measured this week. The headline PCE was a bit higher, at 1.8%. Fed dove Bullard said PCE inflation would not get above 2% until 2015 but warned that the Fed is much closer to achieving its goals and the economy is doing much better than most people realize. While Bullard also reiterated his view that rate hikes would not be appropriate until the first quarter of 2015, Bullard's firm tone helped force equity markets lower on Thursday morning. Fed hawk Lacker said the recent inflation data was not just "noise" and that inflation measures would head higher this year. Lacker also warned it would be a mistake to allow inflation to get out of control before the Fed started raising rates. Recall that last week, Fed Chair Yellen said "...recent readings on, for example, the CPI index have been a bit on the high side, but I think the data we're seeing is noisy."

- The final revision of the weather-impacted US first quarter GDP missed expectations and sank much lower, to -2.9% from the -1.0% preliminary figure. This was the fastest rate of decline since the Great Recession and the largest drop recorded since the end of World War II that wasn't part of an official recession. However, nearly every component of the final reading was very modestly adjusted with the exception of imports and exports (which more or less cancelled each other out), and the services PCE, which was revised to +1.5% from +4.3% in the preliminary data, driven entirely by updated estimates of health care spending. The feds had assumed medical services would be up sharply due to expanded access under the ACA, but the latest quarterly services survey showed few signs of acceleration. After the data, Barclays adjusted its call to +2.9% from +4% in its prior view, to reflect a more modest rebound in Q2 consumption growth. TD Ameritrade cut its Q2 GDP view to +3.0% from +3.6% prior.

- Oil prices spiked higher on Tuesday on reports the Obama administration had cleared the way for the first exports of US crude oil in 40 years. Federal officials informed two energy firms - Pioneer Natural Resources and Enterprise Products Partners - they can legally export ultra-light oil condensate, which is a product of shale drilling. The front-month WTI crude contract traded as high as $107.50 before the Commerce Department clarified that there had been no broad change in policy. Commerce said that the two companies were granted permission to export shale condensate only after it had been run through a distillation tower to become a petroleum product and only because of a large oversupply of condensate, clarifying that the move had no larger implications for crude exports. Nevertheless, refiners tanked on Wednesday, with Valero down 10% or so on the week.

- On Friday Ukraine signed the historic free-trade agreement with the European Union that has been at the heart of months of violence and upheaval in the country, drawing an immediate threat of "grave consequences" from Russia. Ukraine President Poroshenko declared a unilateral ceasefire for the week, however hostilities continued, with both sides exchanging fire on several occasions. The tentative ceasefire is expected to extend through Monday to allow of an attempt at peace talks. Western powers reiterated they stand ready to impose more sanctions if Russia fails to make a good faith effort de-escalate the tensions and return full control of Ukraine's border to the Kiev government.

- The US Supreme Court ruled against Barry Diller's Aereo streaming television service, calling it a broad violation of broadcaster copyrights. The sweeping and definitive ruling was split 6 to 3, and the majority opinion went out of its way to call out Aereo as the equivalent of a cable company, not merely an equipment provider. They also emphasized that the ruling does not endanger other technologies, including cloud computing technology. Mr. Diller said the ruling was the end of the road for Aereo, calling the ruling a big loss for consumers.

- In earnings, shares of Nike gained ground on impressive fourth quarter numbers, beating on the top and bottom line. Futures orders were up 11%, while even China - previously a soft spot - appears to have made a fully recovery from its inventory adjustment with a 4% rise in sales. Walgreen missed bottom-line expectations in its third quarter, but bevenue was up 6% y/y and met consensus views while Rx comps were up 6.3%. Walgreen also said it was considering reincorporating in Switzerland for tax reasons as part of its combination with Alliance Boots. Monsanto beat earnings expectations in its third quarter results and authorized a big new share buyback program. Note that earnings were down 5% y/y and revenue missed expectations, dragged lower by a 16% y/y decline in sales of genetically-engineered corn seeds. Homebuilders Lennar and KB Homes reported very strong quarterly results, with robust gains in new home sales and strong growth in backlogs.

- In M&A news, France's Alstom accepted General Electric's $13.5 billion offer to acquire the firm's power generation and grid businesses, with the additional caveat that GE enter three JVs with Alstom for grid infrastructure, renewable power equipment and nuclear power. The deal comes after the French government got an option to buy as much as 20% of Alstom from Bouygues following the closing of the deal, giving the government the guarantee it needed that Alstom will remain a French firm. Oracle reached a deal to acquire Micros Systems for $68/share in cash, in a total deal valued at $5.3B. This is the company's biggest buy since acquiring Sun Microsystems for $7.4 billion back in 2009. Midwest utilities Wisconsin Energy and Integrys Energy entered an all-stock merger valued at $9.1 billion.

- FX markets remained locked in tight ranges for yet another week as volatility declined even further. Analysts noted as long as US bond yields were in retreat and the US yield curve continued its bullish steepening, the greenback should stay offered, pushing volatility even lower and keeping the carry trade in play. Volatility in the EUR/USD pair matched all-time lows at 4.55%. GBP/USD saw a little profit-taking after failing to close above the pivotal 1.7050 weekly chart point. USD/JPY slid lower, dropping below its 200-day moving average to end the week around 101.34 largely due to US rates. Key support is at 100.70 and could ignite downside momentum if broken.

- China HSBC flash manufacturing PMI for June returned to expansionary territory for the first time in six months, signaling the "targeted mini-stimulus" measures orchestrated by policymakers are starting to gain some traction. The data showed an upward inflection in input prices and improvement in the employment component, although growth in new export orders slowed. HSBC chief China economist said he expects continued accommodative policy until the recovery is sustained. China Beige Book assessment of Q2 was more measured, indicating fewer companies had access to credit amid weakening investment environment. Shanghai Composite ended the week up 0.5%.

- Trading in Tokyo was decidedly more bearish as Nikkei225 fell 1.7%, weighed down by firmer Yen and even more fodder for the BOJ to stick to its guns on policy. May unemployment rate fell to a 17-year low of 3.5%, while job-to-applicant ratio hit a 22-year high of 1.09x. Inflation figures also maintained their upward trend, with core Japan-wide CPI reaching its highest point since 1982. Japan PM Abe formally unveiled his "3rd arrow" plans early in the week, announcing plans to cut the corporate tax rate from current 35%+ to below 30% over the next few years, enact portfolio management reforms for pension funds, and revise the tax system with intent on promoting the number of women in the workforce.

TradeTheNews

June 27 2014

Not very active but nicely profitable day. We are adjusting to the summer market as this week showed.


Session Time: Fri Jun 27 00:00:00 2014
[09:08] {dino} gm
[09:08] {RonS} hello
01[09:08] {@Threei}  morning dino, ron
[09:15] {nemo} Russell rebalancing today...no premarket spy volume
01[09:15] {@Threei}  yeah, I am looking at this pathetic number thinking say what?
[09:16] {nemo} what?  Les's IQ report?
01[09:18] {@Threei}  actually the name was blanked out and for a sec I thought it was mine
[09:19] {nemo} figures, can't short IWM today
[09:27] {thomcbell} vad what number were you speaking about?
[09:28] {nemo} spy volume
[09:28] {thomcbell} ah
[09:28] {thomcbell} tu
01[09:28] {@Threei}  :)
[09:28] {nemo} vous
[09:29] {ese} morning
[09:29] {nemo} our token communist
[09:29] {ese} getting a chance to spend a it of time trading this morning
[09:30] {ese} ouch
01[09:30] {@Threei}  hey ese
[09:30] {ese} gm vad
[09:30] {nemo} just refer to him as "komrade"
[09:31] {ese} sheesh
[09:31] {nemo} slow week
[09:31] {nemo} no Les
[09:32] {nemo} ur an easy target
[09:32] {ese} alright.....who pee'd in your cornflakes this morning nemo
[09:32] {nemo} I did
01[09:32] {@Threei}  who didn't
[09:32] {thomcbell} mu - 31.93 long break if holding 31.82
01[09:32] {@Threei} Long Setup:  FB  .20 break
01[09:32] {@Threei}  If holds  .10
[09:33] {thomcbell} mu invalidated
01[09:34] {@Threei}  1:1
01[09:35] {@Threei}  1:2
01[09:37] {@Threei} Short Setup: TWTR  .65 break
01[09:38] {@Threei}  If holds  .75
[09:38] {dino} dg hl l .56 pulp
01[09:39] {@Threei}  Invalidated
[09:41] {dino} dg to .16
[09:42] {thomcbell} MYGN TRADING WELL HERE
[09:42] {thomcbell} sorry caps
[09:42] {thomcbell} daily chart struck me as good
[09:42] {dino} to .36
[09:42] {nemo} frickin' biotechs
01[09:43] {@Threei} Short Setup: GDX  .10 break
[09:43] {dino} out dg slip ave .32, +.75
01[09:43] {@Threei}  If holds  .15
[09:46] {ese}  L litb .13
01[09:49] {@Threei} Long Setup:  LVS  .35 break
01[09:49] {@Threei}  If holds  .25
[09:49] {dino} dg hl l .60 pulp
[09:51] {thomcbell} twtr very nice vad
[09:51] {dino} wuba quite the swing
01[09:51] {@Threei}  :)
01[09:52] {@Threei}  1:1  LVS
[09:55] {dino} out dg .88, +.28
01[09:57] {@Threei}  1:1  GDX
01[09:57] {@Threei}  been a good while since we shorted this one
[09:59] {dino} dg hl l .60
[10:00] {ese} L amed .83
01[10:02] {@Threei}  nice one ese
[10:03] {ese} tks
[10:04] {ese} out .99 +.16
[10:04] {nemo} can't short the frickin' iwm
[10:04] {nemo} wtf
[10:10] {dino} dg gap fill
[10:21] {dino} dg hl l .01
[10:23] {dino} dg stop .74 -.27
[10:35] {dino} vrtx smr s .00
[10:35] {dino} bs .31
[10:35] {nemo} iwm looks short unfortunately
01[10:36] {@Threei}  hmmm
01[10:36] {@Threei}  not sure
[10:37] {nemo} yeah a bit iffy
[10:39] {dino} dg resis .75 area, if breaks may go
[10:40] {dino} vrtx stop
[10:52] {dino} dg sm l .75
[10:53] {thomcbell} mu they have tried to break it
[10:54] {thomcbell} still watching for a long setup
[10:57] {ese} L litb .83 avg .03
[10:59] {ese} opps avg .98 not .03
[10:59] {RonS} good thing you don't teach math...
[10:59] {RonS} :)
[11:00] {nemo} you forget there are no math qualifications to being a math teacher in public schools
01[11:00] {@Threei}  lol
[11:00] {ese} lol
[11:01] {nemo} Ron, it's all about indoctrination
[11:02] {ese} my degree is an Education degree with percussion performance major and a history minor.  I have not taught one minute of history in my entire life ....just math
[11:03] {nemo} as I said...
[11:03] {nemo} but you toe the party line admirably
[11:03] {RonS} tow
[11:03] {nemo} seen it both ways
[11:04] {ese} becasue the fools look through yur transcripts and go ..."hey...look at this...he's done a couple of courses in math and calculus".."lets chuck him into a math class"
[11:04] {nemo} Have you received the Order lf Lenin yet ese?
[11:04] {cosmo} the best teachers do it as a hobby
[11:04] {ese} yes....this week....why do you think I was away for a couple of days
01[11:05] {@Threei}  lol
[11:05] {ese} agreed cos
[11:05] {cosmo} don't need no credentials if its only a hobby...
[11:06] {ese} I have fun teaching math......i'm a real goof in there.....my classes have a waiting list
[11:06] {nemo} yeah, they know they won't have to learn anything
[11:06] {nemo} I bet you hope Les comes back soon
[11:06] {cosmo} i had a trigonometry teacher who played guitar...every class....i almost flunked
[11:07] {ese} touche!!!!!!  this is the nemo i've come to know and love......your hot this buddy
[11:07] {nemo} Yeah, I almost feel guilty
[11:07] {ese} lol
[11:09] {thomcbell} glog 31.75 short break?
01[11:10] {@Threei}  half lot
01[11:10] {@Threei}  looks right but thin
[11:10] {ese} now there a great symbol the "glog".......you glog, we glog, they glog.......lets invest in the glog......bought a couple of shares of "glog"
[11:10] {ese} awesome
01[11:12] {@Threei}  glogged today some
[11:12] {ese} am always looking for new vocabulary........what the "glog" is going on with nemo?
01[11:12] {@Threei}  he is a famous glogger
[11:12] {ese} oh ya!!! forgot about that
[11:13] {ese} lol
[11:13] {ese} ok not good....am laughing at my own jokes
[11:13] {RonS} pronounced gee logger = male porn star or gigilo...
01[11:14] {@Threei}  sounds gloggish
[11:15] {dino} prefer grog
[11:15] {ese} hmmmmm  55 minutes to picket duty.......what a frickin "glog" that is...
01[11:15] {@Threei}  grog goes well with 2-3 slices of glogl
[11:15] {RonS} aye matey
[11:15] {nemo} more famous "glocker" actually
[11:15] {ese} aye!
[11:16] {thomcbell} glog 1:1
[11:16] {RonS} lol
[11:16] {RonS} we're screwing around...tbell making money
[11:17] {ese} ya no kidding
01[11:28] {@Threei} Long Setup:  IWM  .10 break
01[11:28] {@Threei}  enough glogging
01[11:28] {@Threei}  If holds  118
01[11:28] {@Threei}  with trail to .05 after .15 break
01[11:33] {@Threei}  1:2
01[11:33] {@Threei}  GLOG that is
01[11:37] {@Threei} Long Setup:  IWM  118 break
01[11:38] {@Threei}  If holds  .05
01[11:46] {@Threei}  http://www.themoscowtimes.com/news/article/the-50-best-only-in-russia-moments/502634.html
01[11:48] {@Threei}  half out
01[11:48] {@Threei}  stop to .09
01[11:49] {@Threei}  PhotographyWeek shortlisted this photo of mine for their cover:
01[11:49] {@Threei}  https://www.facebook.com/photo.php?fbid=607167426048870&set=o.363038167086855&type=3&theater
[11:51] {ese} gotta go....got the stop loss in for litb at .90.....have a great weekend
01[11:58] {@Threei}  New EU leader picked despite british opposition
01[12:00] {@Threei}  British Prime Minister David Cameron said earlier Friday he would vote against Juncker because he views the 59-year-old as the embodiment of a pro-integration, consensus-favoring, empire-building Brussels clique that won't return power to member nations.
01[12:00] {@Threei}  GLOG is beautiful
01[12:00] {@Threei}  great find thom
[12:00] {thomcbell} tu
[12:05] {thomcbell} wuba is nuts
[12:16] {nemo} aapl if it rejects .50 area may be setting up short
[12:19] {nemo} mmhhhh
[12:20] {nemo} now it shouldn't get back above .50
[12:23] {dino} was watching wuba earlier, crazy
[12:23] {nemo} makes me think of J. Geils
[12:24] {dino} band?
[12:24] {nemo} yeah, from their live album
[12:24] {nemo} wuba gooba with the green teeth
01[12:24] {@Threei}  sheesh... lol
[12:25] {nemo} It's a classic lead in to their song "Must have got Lost"
01[12:25] {@Threei}  thom bangs out some good symbols today, giving room for the imagination... glog, wuba
[12:25] {nemo} what's the name of that chick with the long hair?
[12:25] {nemo} https://www.youtube.com/watch?v=gW0hxbrmFhM
[12:29] {nemo} mmmhhhh aapl looking remakably like spy
[12:35] {dino} emes smr l .40
[12:39] {nemo} bbby
[12:47] {dino} added vxx calls
[12:52] {nemo} cvx
[12:54] {dino} stc gild calls from last week, +.90/25%
01[13:02] {@Threei}  wtg
[13:02] {dino} ty
[13:17] {nemo} news, or did they just pull the bids
01[13:20] {@Threei}  don't see any
01[13:35] {@Threei} Long Setup:  FB  .45 break
01[13:36] {@Threei}  If holds  .35
[13:38] {dino} ice drop
[13:40] {dino} sale drop
[13:41] {nemo} cvx looks like a good short
[13:42] {nemo} it drops this two day low, has some travel room
[13:42] {dino} ron, what are you trading today?
[13:43] {RonS} took some king early for +45c...followed you on dg for +.85   currently in dg at .27
[13:46] {RonS} distracted really since my grandaughters are here running amok
[13:46] {dino} you haven't been posting them lately, i miss that
[13:46] {dino} ahh, understand that
[13:46] {dino} rax drop
[13:48] {RonS} 3 yr old prompts the 1 yr old to scream...amusing at first then you start thinking...jesus, when are they going to get tired of it
01[13:48] {@Threei}  lol
[13:48] {dino} lol
[13:49] {thomcbell} any news on rax?
[13:49] {dino} nothing i can find, gap around 30.60
[13:50] {dino} not going to get there
01[13:50] {@Threei}  [RAX] Ticking higher on chatter a M&A blog speculates it is having difficulty attracting takeover bids
01[13:50] {@Threei}  - Reminder: on 5/15 RAX confirmed it had been approached by multiple parties who have expressed interest in exploring a strategic relationship, ranging from partnership to acquisition
[13:52] {dino} damn missed rax
[13:54] {thomcbell} i got lucky - 33.56
[13:54] {dino} rax smr l .50 stop .24
[13:56] {dino} you dog
[13:57] {dino} not liking the paws (haha)
[13:59] {dino} stop to b/e
[14:00] {dino} out rax .80, +.30
01[14:08] {@Threei} Long Setup:  TWTR  .70 break
[14:08] {RonS} wow a 500k block went off in dg
01[14:08] {@Threei}  If holds  .60
[14:11] {dino} vwap stopping it
[14:15] {dino} rax smr l .89
01[14:16] {@Threei}  change to .60 break
01[14:17] {@Threei}  If holds  .50
[14:18] {dino} rax to b/e
[14:20] {nemo} http://goo.gl/GQXEjL
[14:21] {dino} out rax .98, +.09
[14:31] {nemo} RAX delisting dive
01[14:41] {@Threei}  1:3
01[14:41] {@Threei}  out
01[14:41] {@Threei}  anyone?
[14:42] {dino} gj
01[14:42] {@Threei}  ty
01[15:05] {@Threei}  so weird to see this about people you know... :)
01[15:05] {@Threei}  http://online.wsj.com/articles/ukraines-secret-weapon-feisty-oligarch-ihor-kolomoisky-1403886665
01[15:17] {@Threei} Long Setup:  RAX  34 break
01[15:17] {@Threei}  If holds  .90
01[15:17] {@Threei}  Invalidated
[15:22] {dino} pulp
[15:24] {nemo} thou shalt not close red
[15:26] {nemo} we may get the lowest trading volume of the last 1000 trading days today
[15:27] {nemo} on the spy anyway
[15:27] {nemo} 45,368.800
[15:28] {nemo} 6 mil to go
[15:41] {RonS} good weekend to all...
01[15:41] {@Threei} Long Setup:  RAX  .90 break
01[15:41] {@Threei}  If holds  .80
01[15:41] {@Threei}  oops
01[15:41] {@Threei}  wrong symbol
01[15:41] {@Threei} Long Setup:  TWTR  .90 break
01[15:41] {@Threei}  still there
01[15:44] {@Threei}  [MNKD] FDA approves NDA for Afrezza in treatment of Diabetes, with boxed warning for acute bronchial spasm and requirement for post marketing studies
[15:44] {dino} mnkd drop
[15:45] {dino} smr l .81
01[15:46] {@Threei}  Invalidated
01[15:46] {@Threei}  no time for recalibration
[15:47] {goinshort} thanks everyone - cya monday
01[15:47] {@Threei}  thank you all
01[15:48] {@Threei}  have a great weekend, see you Monday
[15:51] {dino} out mnkd .21, +.40
01[15:51] {@Threei}  wtg
[15:51] {dino} ty
[15:51] {dino} emes hours, to .88
[15:52] {dino} to .93
[15:53] {dino} to .96
[15:54] {dino} out emes .04, +.64
[15:55] {dino} calling it a day, thx all, gn

June 26 2014

Pullback entry setup on TWTR 

Decent day overall, with a few nice fat trades making it worth our while.


Session Time: Wed Jun 25 00:00:00 2014
[09:10] {dino} gm
01[09:10] {@Threei}  dino :)
[09:13] {thomcbell} gm guys
01[09:13] {@Threei}  FB... forms .80 breakdown... if waits for the open, might be an opening play
01[09:13] {@Threei}  thom :)
[09:14] {thomcbell} dino refiners might be overdone here
[09:14] {thomcbell} im watching vlo
[09:14] {nemo} MON
[09:14] {thomcbell} 52.67 reaction low
[09:15] {nemo} indexes look weak
01[09:15] {@Threei}  Monsanto Co To offer debt in new program in the near term- intends to begin a public offering of senior notes in the near term, subject to market and business conditions and other prevailing factors. The Company indicated that it currently intends to use the net proceeds from the debt offering to repurchase its common shares
[09:15] {nemo} repurchasing 15% of stock
[09:15] {nemo} beat earnings
01[09:15] {@Threei}  25 Jun 08:09 [MON] Reports Q3 $1.62 v $1.55e, R$4.25B v $4.37Be; authorizes $10B share buyback (approx 15.8% market cap)
[09:15] {troub} good morning you all
01[09:16] {@Threei}  troub :)
[09:16] {nemo} niceties just skeeve me out
01[09:16] {@Threei}  we know
01[09:16] {@Threei}  that's why we do them
[09:17] {nemo} fb didn't wait
01[09:17] {@Threei}  yeah
[09:19] {nemo} watching the bears at brook falls
01[09:19] {@Threei}  is this the only place bears left?
[09:20] {nemo} they may be coming out of hibernation
01[09:20] {@Threei}  hopefully
[09:20] {nemo} Anybody want to start a Soylent Green factory?
01[09:20] {@Threei}  hate the one-directional market
01[09:20] {@Threei}  FB 1:1
[09:21] {nemo} showed the butterfly flamingo photo to a friend of mine, they couldn't believe it was a photo
01[09:21] {@Threei}  :)
01[09:21] {@Threei}  A new survey ranking countries' in terms of their contribution to humanity has placed Russia in 95th place - only one place above the Democratic Republic of Congo.
[09:21] {dino} tbell, will watch it, ty
01[09:21] {@Threei}  thankfully, I have Raw file to prove it, lol
[09:22] {nemo} I remember when you sent it to me, what?  It took and hour or so for the butterfly to land?
01[09:23] {@Threei}  for all to come together - butterfkly to lans, flamingo to reach for it, wings to open to let that blue through...
[09:23] {nemo} and for the mushrooms to take effect...
[09:23] {dino} lol
[09:25] {RonS} gm...comment yesterday: I hope LeBron goes to the Yankees so I can consolidate my hate...
[09:25] {nemo} that's almost a "once-in-a-lifetime" opportunity
[09:25] {nemo} yeah, I retweeted that one
[09:25] {cosmo} 3i, don't sell any of it while you're still alive. You get more afterwords, they say.
[09:25] {RonS} gj
[09:26] {nemo} yeah, nice logic cosmo
01[09:26] {@Threei}  ron :)
01[09:26] {@Threei}  hmmm
[09:26] {RonS} lol
01[09:26] {@Threei}  interesting theory
[09:26] {cosmo} I going with it myself...
[09:27] {RonS} so applying to appear on hoarder show?
[09:28] {cosmo} Don't know of that whow....no TV here...unless its sports
[09:28] {RonS} refiners may be getting hit due to the loosening of oil exports...
[09:28] {cosmo} show
[09:28] {dino} mpc hit hard, vlo, psx too
01[09:31] {@Threei} Long Setup:  FB  .80 break
01[09:31] {@Threei}  If holds  .70
01[09:32] {@Threei}  change to .75 break
01[09:32] {@Threei}  If holds  .65
01[09:33] {@Threei}  1:1
[09:34] {dino} out vxx calls from yesterday, +.52/20%
01[09:34] {@Threei}  1:2
01[09:34] {@Threei}  wtg
01[09:34] {@Threei}  1:3
01[09:34] {@Threei}  1:4
01[09:34] {@Threei}  out
01[09:35] {@Threei}  wow
01[09:35] {@Threei}  1:8
01[09:37] {@Threei} Long Setup:  VLO  51 break hl
01[09:37] {@Threei}  If holds  .85
01[09:37] {@Threei}  Invalidated
01[09:44] {@Threei}  *(US) JUN PRELIMINARY MARKIT US SERVICES PMI: 61.1 V 58.0E
01[09:45] {@Threei}  (US) White House: Q1 GDP report shows that a recovery from the recession is not yet complete
01[09:45] {@Threei}  you don't say
01[09:47] {@Threei} Short Setup: TWTR  .80 break
01[09:47] {@Threei}  If holds  .90
[09:47] {RonS} refiners bouncing
01[09:51] {@Threei}  no go
[09:56] {dino} vlo hl l .04
[09:57] {dino} vlo stop .85 -.19
[09:58] {dino} rinsed
[09:58] {dino} fast sucker
[09:59] {dino} re-load .00 wide
01[09:59] {@Threei} Short Setup: TWTR  39 break
01[09:59] {@Threei}  If holds  .10
[10:00] {thomcbell} vlo day high
[10:00] {dino} aeri smr s .49
01[10:00] {@Threei}  trail to .05
01[10:01] {@Threei}  1:1
[10:02] {dino} cov aeri .09, +.40
01[10:03] {@Threei}  1:2
01[10:08] {@Threei}  will try for 1:4
01[10:08] {@Threei}  1:3
[10:08] {RonS} cbs spike
01[10:09] {@Threei}  closed on a trail
[10:10] {eurexscalper} hi guys
[10:10] {dino} gm
[10:10] {RonS} cbs news?
[10:11] {eurexscalper} anybody trade ES oder DAX
01[10:11] {@Threei}  IACI US Supreme Court rules against Aereo, claims it is in violation of broadcast rights; ruling 6-3 (related DIS CMCSA IACI CBS PIXR.OLD CMCSK IACID.OLD )
[10:11] {thomcbell} aerio news
[10:11] {dino} not me
[10:11] {RonS} sbgi spike
[10:11] {nemo} nur stocks in diesem Gebieten
[10:12] {nemo} aber indexes oft
[10:12] {nemo} durch etf
[10:12] {RonS} nemo had a stroke?
[10:13] {nemo} I'm answering eurexscalper in his native tongue
[10:13] {eurexscalper} any ideas ? Dax climbs again  to @9900 ?
[10:14] {nemo} dax started to follow spx on the American open
[10:14] {nemo} 195.22 is the daily pivot on spy etf, I expect it to try to get there especially after yesterday's sell off, dax should go with it
01[10:14] {@Threei}  eurex, see private message
[10:15] {dino} mpc smr l .22 wide
01[10:16] {@Threei}  watching IWM for pullback entry
[10:17] {eurexscalper} IWF ?
01[10:17] {@Threei} Long Setup:  IWM  .90 break
01[10:17] {@Threei}  eurex, see private message
[10:17] {dino} glng spike
01[10:18] {@Threei}  change to .80 break
01[10:18] {@Threei}  If holds  .70
[10:20] {dino} out mpc .82, +.60
01[10:20] {@Threei}  wtg
[10:20] {thomcbell} vlo watching it for a setup
[10:21] {thomcbell} but it is looking like a hold your nose and buy situation which i wont do
[10:21] {dino} luv the description
01[10:22] {@Threei}  lol
01[10:22] {@Threei} Long Setup:  TWTR  .70 break
01[10:22] {@Threei}  If holds  .60
[10:23] {dino} tbell better range in mpc teens to ,90s
01[10:25] {@Threei}  Invalidated
[10:30] {dino} vlo, mpc drop
[10:31] {dino} vlo smr l .88
[10:34] {nemo} iwm looks lower, other indexes weak
[10:35] {nemo} vxx looks higher
[10:39] {dino} mpc smr l .00
[10:45] {thomcbell} u guys hear anything on ubnt?
01[10:46] {@Threei}  nothing
[10:47] {RonS} some saying reaction to aero ruling...ubnt
01[10:47] {@Threei}  (US) Supreme court rules against police warrantless search of cellphones of arrestees; vote 9-0- Police right to search an individual has been arrested does not extend to cellphone data without a warrant. - 'This is a sweeping endorsement of digital privacy."- Scotusblog
[10:47] {dino} out mpc .30, +.30
[10:50] {thomcbell} tso looks like a 58.28 short break
[10:51] {thomcbell} invalidated
01[10:52] {@Threei} Long Setup:  TWTR  .15 break
01[10:52] {@Threei}  If holds  .05
[10:52] {dino} aeri smr s .59
[10:54] {RonS} betting against eyesight?
[10:54] {dino} gpx spike
01[10:57] {@Threei}  half out
01[10:57] {@Threei}  stop to .09
[10:58] {dino} aeri b/s to .01, not cooperating
01[10:59] {@Threei}  1:1
01[10:59] {@Threei}  to .14
[10:59] {dino} aeri stop .69 -.10 confused
01[11:01] {@Threei}  aeri or you?
[11:02] {dino} me
[11:02] {dino} but now its working, after i cover of course
[11:17] {dino} mpc smr l .00
[11:24] {RonS} slb running
[11:31] {dino} mpc stop -.33
[11:32] {thomcbell} aal much stronger than dal here
[11:34] {dino} mpc reload .80
[11:53] {nemo} vlo
[11:55] {nemo} needs to hold .70 level
[11:57] {nemo} should be good to the whole, and then maybe vwap
01[11:58] {@Threei} Short Setup: AAPL  .30 break
01[11:59] {@Threei}  If holds  .40
01[12:05] {@Threei}  stop .36
[12:06] {nemo} watched Jack save the President
01[12:06] {@Threei}  me too
01[12:06] {@Threei}  jack is our last hope
[12:06] {nemo} next thing you know they'll be including him in the Avengers movies
[12:07] {nemo} Thor doesn't stand a chance against him
[12:07] {nemo} finnies at lows
[12:08] {nemo} ok not lows but support
[12:09] {nemo} so, it's telling me to "click here" to enable ads...yeah, right
01[12:09] {@Threei}  it's?
[12:09] {nemo} why did vlo take such a hit
[12:10] {nemo} yes...it is telling me
01[12:10] {@Threei}  what is?
[12:10] {nemo} frickin' foreigners
[12:11] {nemo} having said that, I've never seen a non-native speaker learn written english grammer and syntax as fast as you
01[12:11] {@Threei}  half out AAPL
[12:11] {nemo} grammar
01[12:11] {@Threei}  thank you
[12:11] {nemo} sheesh
01[12:11] {@Threei}  lol
01[12:11] {@Threei}  stop to .31
01[12:12] {@Threei}  1:1
01[12:12] {@Threei}  pleasant day so far
[12:15] {nemo} Jack's the gonads
[12:16] {nemo} cvx just keeps dripping down
[12:18] {nemo} mpc is almost too tempting
[12:18] {RonS} House Speaker John Boehner, R-Ohio, says he plans to file a lawsuit against the White House for use of executive actions
01[12:19] {@Threei}  to what end?
01[12:19] {@Threei}  put Obama in jail?
[12:20] {nemo} love it threw the bitch out the window
[12:21] {nemo} I've told you my stance on Adam & Eve
01[12:21] {@Threei}  on Eve yes... I didn't know you had a stance on Adam as well
01[12:25] {@Threei}  so get this... teachers in full strike mode went as far yesterday as to block couple construction sites with their picket lines.
01[12:25] {@Threei}  Workers hd to go home with no pay
01[12:26] {@Threei}  most amazing thing is,
01[12:26] {@Threei}  teachers were very surprised to find out construction workers were very unhappy with them
01[12:26] {@Threei}  In their mind, everyone is on their side of fight with govet
01[12:26] {@Threei}  govt
01[12:27] {@Threei}  oh, and met Will yesterday for coffee, he says hello
[12:33] {thomcbell} vlo relentless
[12:33] {thomcbell} look at the volume
01[12:35] {@Threei}  impressive
[12:36] {nemo} mpc too
[12:36] {thomcbell} vlo might be worth a look holding the big round number
[12:36] {thomcbell} if setup presents
[12:37] {thomcbell} IF!
[12:39] {dino} bloodbath
[12:40] {thomcbell} npsp kind of interesting me here
[12:40] {thomcbell} tight range for 2 hours
[12:40] {thomcbell} i have a small buystop in at 33.06
[12:48] {dino} gotta hop, tee time in 45
[12:48] {dino} thx all, have a good day
[12:48] {RonS} cya
01[12:48] {@Threei}  take care dino
[12:57] {nemo} LVS very interesting if the market heads higher
[13:00] {dino} i'm back, massive t-storm just started, putting off golf until 4
[13:00] {RonS} good thinking...
01[13:01] {@Threei}  wow
[13:02] {nemo} what wow?
01[13:03] {@Threei}  dino's storm
01[13:03] {@Threei}  I can imagine what storm it has to be to stop a devoted golfer
[13:03] {dino} lightning
01[13:03] {@Threei}  last week Winnipeg saw a hailstorm with hails sized as a gold ball
[13:07] {dino} mpc smr l .30
[13:11] {nemo} lvs
[13:12] {dino} f*ck, connection lost
[13:13] {nemo} LVS if it breaks ain't gonna' give entry
[13:14] {nemo} if interested, take it here and put your stop under .70
[13:15] {RonS} MPC Opening buyer 4500 Oct $90 calls 1.80
[13:15] {dino} mpc to .94
[13:16] {dino} l2 quotes messed up
[13:17] {dino} to .34
[13:18] {dino} out mpc major slip, at .27, +.93
[13:18] {dino} opps, +.97
[13:19] {troub} great job dino
01[13:19] {@Threei}  wtg
[13:19] {dino} ty
[13:21] {dino} white says no change to oil export policies, flyonthewall
[13:21] {nemo} https://twitter.com/NorthmanTrader/status/481848577090916352/photo/1
[13:25] {dino} mpc smr l .72
[13:26] {thomcbell} big cup forming on 10 minute on spy
[13:27] {dino} mpc to flat
[13:28] {dino} out
01[13:29] {@Threei}  GOOG Announces AndroidTV
[13:31] {dino} mpc smr l .77
[13:34] {dino} mpc stop .47 -.30
[13:35] {dino} nobody knows what to believe on oil exports
01[13:35] {@Threei}  very true
[13:36] {thomcbell} in that case - vlo shouldnt be down this much
01[13:36] {@Threei}  it will correct tomorrow :)
01[13:36] {@Threei}  unless new news hit
[13:42] {dino} pva spike
[13:42] {dino} hl s .75
[13:43] {thomcbell} any clue why on pva?
[13:44] {nemo} iwm resistance at .25
[13:44] {RonS} Penn Virginia Corporation just filed a General Statement of acquisition of beneficial ownership http://stks.co/t0T8p $PVA
[13:45] {dino} stop .00 -.25 pva
[13:49] {dino} pva hl s .09
[13:52] {dino} bs to b/e
[13:57] {dino} cov pva .84, +.25
[14:00] {dino} adding vlo calls
[14:18] {dino} mpc rinsed and running
[14:18] {dino}  vlo should try to catch up
01[14:32] {@Threei} Long Setup:  MON  .65 break hl
01[14:32] {@Threei}  If holds  .50
[14:32] {dino} grub drop
[14:36] {thomcbell} any news there?
[14:36] {dino} grub smr l .87
01[14:37] {@Threei}  Amazon.com Inc To launch a food takeout delivery service as part of Amazon Local, the company’s Groupon-style service -
[14:37] {dino} no tbell
01[14:37] {@Threei}  it's GRUB-related
01[14:37] {@Threei}  The offering is initially going to be part of Amazon Local, the companys Groupon-style service and app that offers people daily deals, coupons and discounts from merchants in their neighborhood. The service, which was scheduled to launch first in Seattle and on iOS, was quietly turned on the app last night before going down because of a bug. It should go live again soon.
[14:38] {cosmo} they gonna use drones?
01[14:38] {@Threei}  only to shoot competitors
[14:39] {dino} helicoptor food
[14:39] {cosmo} never had it
[14:40] {cosmo} i bet its salty
[14:41] {dino} grub stop -.36
01[14:41] {@Threei}  1:1  MON
[14:45] {goinshort} out MON 2 nice scalps - thanks!
01[14:45] {@Threei}  :)
[14:51] {dino} grub rinse, that makes 3 today
[14:52] {dino} gj gs
[15:00] {nemo} Eva Green tied up
[15:01] {dino} vxx calls added
[15:01] {goinshort} thanks
[15:02] {goinshort} thanks Dino got a nice scalp off your VLO mention earlier
[15:03] {dino} np, gj
[15:05] {dino} pva spikey
[15:17] {nemo} mpc
01[15:21] {@Threei} Short Setup: VLO  51 break
01[15:21] {@Threei}  If holds  .10
01[15:24] {@Threei}  nah
01[15:31] {@Threei}  rinse
01[15:35] {@Threei} Long Setup:  FB  .40 break
01[15:35] {@Threei}  If holds  .30
01[15:36] {@Threei}  with trail to .34 avter .45 break
01[15:42] {@Threei}  let's trail, time's running out
[15:43] {dino} tic-toc
01[15:46] {@Threei}  let's trail to .39
01[15:46] {@Threei}  it wprks or we are flat
01[15:47] {@Threei}  it was a nice morning, no need to lose on last minutes
[15:47] {dino} ni spike
01[15:49] {@Threei}  half out
[15:51] {dino} out vlo calls, +.11/11%
01[15:53] {@Threei}  ok
01[15:53] {@Threei}  closed second half
01[15:53] {@Threei}  thank you all, have a good evening
01[15:53] {@Threei}  see you tomorrow
[15:54] {dino} gn all, gotta hop, decent day
01[15:54] {@Threei}  yup
Session Time: Thu Jun 26 00:00:00 2014
[09:04] {dino} gm
01[09:08] {@Threei}  dino :)
01[09:16] {@Threei}  ok, difficult to believe we are there again but here it is:
01[09:16] {@Threei}  (GR) Greece PM Samaras: Greece doesn't need any new loans
[09:16] {cosmo} rubles maybe?
[09:17] {troub} good morning you all
01[09:17] {@Threei}  don't know but this is what, year 6 and loan #18?
01[09:17] {@Threei}  troub :)
[09:17] {RonS} gm
01[09:18] {@Threei}  ron :)
01[09:18] {@Threei}  they seriously think no one still noticed that "we need no new loan" mantra starts about a month - two before they ask for one?
[09:20] {dino} lol
[09:27] {dino} .
01[09:28] {@Threei}  connection?
01[09:30] {@Threei} Short Setup: VLO  .80 break
01[09:30] {@Threei}  If holds  .90
01[09:30] {@Threei}  1:1
[09:30] {nemo} right
01[09:30] {@Threei}  yeah
01[09:31] {@Threei} Long Setup:  FB  .70 break
01[09:31] {@Threei}  change to .65
01[09:31] {@Threei}  If holds  .60
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
[09:35] {dino} laz hl l .97
01[09:37] {@Threei} Short Setup: GLD  .50 break
01[09:37] {@Threei}  If holds  .60
01[09:40] {@Threei} Long Setup:  IWM  .30 break
01[09:41] {@Threei}  If holds  .25
01[09:41] {@Threei}  meh
[09:45] {nemo} sheesh
01[09:46] {@Threei} Long Setup:  IWM  .10 break
01[09:46] {@Threei}  If holds  117
01[09:46] {@Threei}  Invalidated
01[09:47] {@Threei} Long Setup:  IWM  117 break
01[09:47] {@Threei}  If holds  .90
[09:48] {thomcbell} yoku takeover rumor
01[09:48] {@Threei}  wow
01[09:49] {@Threei}  been a while since we saw that much selling
[09:49] {nemo} this is T-3
[09:49] {dino} db blood
01[09:52] {@Threei} Long Setup:  TWTR  .10 break
01[09:52] {@Threei}  If holds  40
01[09:54] {@Threei}  1:1
[09:57] {dino} out vxx calls from yesterday , +.31/12%
01[09:57] {@Threei}  SCTY Hearing takeover chatter circulating
[09:57] {thomcbell} gimme a break
[09:57] {thomcbell} great idea there twtr vad
01[09:57] {@Threei}  1:3
01[09:57] {@Threei}  ty
[09:58] {thomcbell} perfect
01[09:58] {@Threei}  out .42
[09:58] {thomcbell} Market selling off on hawkish comments from normally dovish Bullard regarding timing of first Fed rate hike....
01[09:58] {@Threei}  wow... 1:5
[10:02] {dino} emes smr l .25 hooker
[10:02] {dino} mobl drop
[10:02] {nemo} dino and his sluts
01[10:03] {@Threei}  lol
[10:03] {nemo} wonder if his wife knows
[10:04] {dino} mobl hl l .20 stop .98
[10:05] {dino} think its one of tiger's gals
[10:05] {nemo} weird, montage on iwm amazingly thin first on bids now on offers
[10:06] {dino} out mobl .48, +.24
[10:06] {dino} opps.+.28
[10:08] {thomcbell} wft 23 long break if holding 22.90
01[10:10] {@Threei}  WFT really needs to change symbol...
[10:10] {nemo} to WTF
[10:10] {nemo} or WTF!
[10:11] {nemo} or WTF?
[10:11] {dino} laz to .42
[10:12] {dino} slip, out laz .40, +.43
[10:13] {thomcbell} hah
[10:14] {thomcbell} invalidated
01[10:15] {@Threei}  (EU) Summit to elect EU Govt leadership likely to take place any time on July 16, 17, 18
01[10:15] {@Threei}  can't wait
01[10:20] {@Threei}  Washington Times: Alaska petition to secede to Russia going strong at 18 thousand signers
[10:23] {RonS} and that's just the bears...
01[10:24] {@Threei}  lol
[10:24] {nemo} wow...hurry up and....die
[10:32] {dino} aeri hl s .08
01[10:33] {@Threei}  dino, this is golf in Victoria: https://www.facebook.com/victoriaexplorer/photos/a.320160888054774.71226.164531363617728/665568730180653/?type=1&theater
[10:33] {dino} aeri b/s to b/e
01[10:36] {@Threei} Short Setup: IWM  .90 break
01[10:37] {@Threei}  If holds  117
01[10:41] {@Threei}  ugh
01[10:41] {@Threei}  so close
[10:44] {dino} cool vad
[10:45] {RonS} if you hit it in the water maybe will bounce off whale...
01[10:45] {@Threei}  lol
[10:47] {dino} reminds me of seinfeld episode, cramer hitting the golf balls into ocean, geoge saves the whale
01[10:48] {@Threei}  marine biologist
[10:48] {dino} yeah, thats the one
[10:57] {dino} .
01[10:59] {@Threei} Short Setup: VLO  .35 break
01[11:00] {@Threei}  change to .40
01[11:00] {@Threei}  If holds  .45
01[11:01] {@Threei}  change to .50
01[11:01] {@Threei}  If holds  .55
[11:01] {dino} mpc smr l .14
01[11:06] {@Threei}  1:1
01[11:12] {@Threei}  had more in it
[11:12] {dino} mpc stop .94-.20
[11:14] {RonS} lol...http://stocktwits.com/MarketPicker/message/24150627?utm_campaign=twitter&utm_source=social
01[11:15] {@Threei}  lol
[11:24] {dino} cyh hl l .80
01[11:25] {@Threei} Short Setup: FB  .65 break
01[11:25] {@Threei}  If holds  .75
01[11:28] {@Threei}  stop to .71
[11:28] {dino} cyh to .09
[11:30] {dino} slip, out cyh .04, +.24
01[11:31] {@Threei}  some get it: http://www.nbcnews.com/storyline/ukraine-crisis/analysis-russias-putin-really-backing-down-over-ukraine-n141476
[11:31] {troub} nice one dino
[11:32] {dino} ty
01[12:02] {@Threei} Long Setup:  IWM  .30 break
01[12:02] {@Threei}  If holds  .20
01[12:05] {@Threei}  Invalidated
01[12:05] {@Threei}  be back in 40
01[12:49] {@Threei}  didn't miss much I see
[12:51] {dino} heck, the dji is still where it was
01[12:53] {@Threei} Long Setup:  IWM  .20 break
01[12:53] {@Threei}  If holds  .10
[12:57] {dino} uhs sm l .98
[12:59] {nemo} trying to stream USA Germany is a pain in the ass
[13:13] {dino} uhs stop .74 -.24
[13:16] {dino} zzzzzzzzzzzzzzzzzzzzzzzzz
01[13:19] {@Threei}  ISR Hearing strength being attributed to circulation of an Aetna posting stating they will start covering Brachytherapy
01[13:20] {@Threei}  Alibaba Said to have chosen NYSE for its IPO, to list under symbol 'BABA'
01[13:21] {@Threei}  1:1
[13:22] {dino} ]damn rinses, uhs
01[13:22] {@Threei}  1:2
01[13:22] {@Threei}  wow... nailed the move finally
01[13:24] {@Threei}  1:3
01[13:24] {@Threei}  good girl IWM
01[13:24] {@Threei}  out in full .53
01[13:47] {@Threei} Long Setup:  TWTR  .70 break
01[13:47] {@Threei}  If holds  .60
01[13:58] {@Threei}  valid
01[14:04] {@Threei}  half out
01[14:04] {@Threei}  don't want to risk failure 2 cents from new high
01[14:05] {@Threei}  stop .64 for now
01[14:05] {@Threei}  and to .69 after 1:1
01[14:06] {@Threei}  1:1
[14:11] {dino} gj
01[14:11] {@Threei}  ty
01[14:11] {@Threei}  squeezing blood out of stone, trade by trade
01[14:11] {@Threei}  1:2
01[14:12] {@Threei}  look where we sold IWM
[14:12] {dino} been that way all month, with lots of rinses thrown in
01[14:22] {@Threei}  still, I think we started getting a hand of it
[14:22] {dino} mnro drop
[14:44] {dino} took all day, but out emes .35, +1.10
[14:44] {RonS} wtg
[14:45] {dino} ty
01[14:48] {@Threei}  nice one
01[14:48] {@Threei}  be back in 15
[15:01] {dino} we'll have to cut back on 3i's salary if he keeps stepping out like today
[15:01] {nemo} they start to feel entitled
[15:02] {dino} whats he think he is, a government employee
[15:02] {nemo} delusions of grandeur probably....Tsar Vadym
[15:02] {nemo} fun to talk about him when he's not here
[15:03] {dino} funny thing is, my 3rd eye never looks at stocks
[15:04] {RonS} decent day here...out early...see you all tomorrow
[15:04] {nemo} gotta' go get some more Depends, Ron?
[15:04] {dino} cya ronzo
01[15:05] {@Threei}  sigh.. lol
[15:05] {dino} or better ronso
01[15:05] {@Threei}  take are ron
[15:05] {nemo} Vad probably never left....eavesdropper
[15:05] {dino} he's like the nsa, everywhere
[15:06] {nemo} eh...anyway, any  bets we close green
[15:06] {dino} red
[15:06] {nemo} green
01[15:25] {@Threei}  watching IWM for long on pullback
01[15:28] {@Threei}  .50 is too obvious, likely to be rinsed
01[15:28] {@Threei}  waiting still
01[15:39] {@Threei}  .50 was it... missed
[15:40] {nemo} bottom by 10 and just grind up
01[15:43] {@Threei}  well, we have missed a mind-boggling opportunity to make 7 cents :)
01[15:47] {@Threei}  ok guys, thank you all, another decent day
01[15:47] {@Threei}  have a good evening, see you tomorrow
[15:47] {dino} cya 3i

June 25 2014

This actually went to 1:8 before pulling back - after we took 1:4 profit.

June 24 2013

Decent day with a lot of winning trades, a few of them 1:2. Still slowish, but more active than last couple weeks.

Session Time: Tue Jun 24 00:00:00 2014
[08:59] {dino} gm
01[09:01] {@Threei}  morning dino
01[09:09] {@Threei}  US) APR FHFA HOUSE PRICE INDEX M/M: 0.0% V 0.5%E
01[09:09] {@Threei}  *(US) APR CASESHILLER/CS 20 CITY M/M: 0.19% V 0.80%E; Y/Y: 10.82% V 11.50%E; HOME PRICE INDEX: 168.71 V 169.09E
[09:15] {troub} good morning you all
[09:15] {RonS} gm
01[09:15] {@Threei}  troub, ron :)
[09:17] {dino} risky, but smr s vrtx .51
[09:18] {cosmo} Putin asks Upper House to repeal decision allowing use of military force in Ukraine
01[09:19] {@Threei}  lol
[09:19] {cosmo} fwiw
01[09:20] {@Threei}  West: great, we can go home
[09:20] {cosmo} everybody gets off the hook....no?
01[09:21] {@Threei}  except situation in east unkraine hasn't changed one bit
[09:24] {cosmo} maybe then there's more room to play it out with this rhetoric.
[09:24] {cosmo} with s redolution, you knwo...
[09:24] {cosmo} resolution
[09:25] {cosmo} I have to sit up streight.
[09:26] {ese} morning......
01[09:26] {@Threei}  ese :)
[09:27] {ese} had the 5:30 to 11 picket line duty yesterday
[09:29] {ese} how was the mrkt......
[09:29] {ese} any thing exciting happen
[09:29] {nemo} it was more like your sex life
[09:30] {ese} rotflol
[09:30] {ese} ouch!!!
01[09:30] {@Threei}  nice on VRTX dino
[09:31] {dino} cov vrtx 97.21, +2.30
01[09:31] {@Threei}  wtg
01[09:31] {@Threei} Short Setup: FB  .90 break hl
01[09:31] {@Threei}  late
[09:31] {dino} ty
01[09:31] {@Threei}  grrr
01[09:32] {@Threei} Long Setup:  WMT  76 break
01[09:33] {@Threei}  If holds  .90
01[09:36] {@Threei} Long Setup:  TWTR  .55 break
01[09:36] {@Threei}  If holds  .45
01[09:36] {@Threei}  1:1  WMT
01[09:37] {@Threei}  Invalidated  TWTR
01[09:38] {@Threei} Long Setup:  P  .80 break
01[09:38] {@Threei}  If holds  .70
01[09:40] {@Threei}  1:1
01[09:43] {@Threei} Long Setup:  FB  .45 break hl
01[09:43] {@Threei}  If holds  .35
01[09:43] {@Threei}  that was fast
01[09:44] {@Threei}  1:1
01[09:44] {@Threei}  if you got it
01[09:45] {@Threei}  1:2
01[09:54] {@Threei} Short Setup: TWTR  .30 break
01[09:54] {@Threei}  If holds  .40
01[09:56] {@Threei}  1:1
01[09:58] {@Threei}  *(US) JUN RICHMOND FED MANUFACTURING INDEX: 3 V 7E
01[09:59] {@Threei}  *(US) JUN CONSUMER CONFIDENCE INDEX: 85.2 V 83.5E
01[09:59] {@Threei}  *(US) MAY NEW HOME SALES: 504K V 439KE
01[10:07] {@Threei} Short Setup: GLD  .85 break
01[10:08] {@Threei}  If holds  .95
[10:10] {RonS} dino wwww
[10:10] {RonS} no-name downgrade from buy to neutral...wwww
01[10:13] {@Threei}  LOL, West reaction is so predictably silly: Guardian: Putin removes threat of military intervention after ceasefire; UK Ambassador welcomes Putin's request to revoke permission to use Russian troops in Ukraine
[10:14] {dino} vrtx smr s .75 break
01[10:15] {@Threei}  Invalidated  GLD
01[10:16] {@Threei}  In U.S. a 26-year-old man is in jail after allegedly making a big mistake during a home robbery, according to the local CBS station. Nicholas Wig allegedly broke into a home in Minnesota, and stole credit cards, cash, and a watch. While there, he decided to log onto Facebook. He forgot to log off.
[10:18] {dino} stoip -.27
01[10:18] {@Threei} Long Setup:  FB  .65 break hl
01[10:18] {@Threei}  late
[10:19] {dino} rinsed
01[10:20] {@Threei}  second time FB gets away
01[10:21] {@Threei} Long Setup:  CAT  109 break
01[10:22] {@Threei}  If holds  .90
01[10:24] {@Threei}  nah
01[10:24] {@Threei}  switching to fading setups, market started failing them about this time yesterday
01[10:30] {@Threei}  rinse
[10:35] {dino} lots of rinses lately
[10:48] {dino} emes smr l .85
[11:04] {nemo} mu .80 level ceiling
[11:06] {dino} messing w/vrtx fast hits to quick to post
[11:07] {nemo} think iwm drop of .80
01[11:07] {@Threei} Short Setup: LVS  .10 break
01[11:07] {@Threei}  If holds  .20
[11:08] {dino} emes stop
01[11:16] {@Threei}  1:1
01[11:38] {@Threei}  good call on IWM nemo
01[11:39] {@Threei}  hah... remember my shot of flamingo with butterfly on its back?
[11:39] {nemo} that was a great one
01[11:39] {@Threei}  Olympus asks for the image to use in their brand advertising
[11:40] {nemo} most cool...alex really liked that shot
01[11:40] {@Threei}  Olympus Brand Marketing team. We came across an image of yours in our April 2014 Gallery on GetOlympus.com. Your flamingo image has been selected by our internal team to demonstrate the great quality of our OM-D products and lenses. With your permission, we would like to use the image/file in an in store setting.
[11:42] {nemo} gdx weak
[11:42] {nemo} where's the link to that one vad
01[11:42] {@Threei} Short Setup: SLW  .22 break
01[11:42] {@Threei}  If holds  .30
01[11:43] {@Threei}  hold on
01[11:44] {@Threei}  https://www.facebook.com/photo.php?fbid=630944820318370&set=pb.483178015095052.-2207520000.1403624692.&type=3&theater
01[11:44] {@Threei}  1:1
[11:45] {nemo} ual
01[11:48] {@Threei}  1:2
01[11:49] {@Threei}  how I missed shorting PMs... {G}
01[11:49] {@Threei}  glad they are back for us, lol
[11:49] {nemo} what's the photo website?
01[11:49] {@Threei}  ?
[11:49] {nemo} yours
[11:49] {dino} vrtx smr s .85
01[11:49] {@Threei}  www.arrestinglight.com
01[11:50] {@Threei}  (I can't believe anyone wouldn't know it by heart by now... sniff sniff)
[11:52] {dino} cob vrtx .19, +.66
[11:53] {dino} cov
01[11:53] {@Threei}  wtg
[11:53] {nemo} see if you can short it again at vwap
[11:53] {dino} ty
[11:54] {dino} seeing that as major resis
[11:54] {nemo} yep
[11:54] {nemo} might hiccup at 94 too
[12:03] {nemo} yeah, 94 this time
[12:04] {thomcbell} watching lvs for a long entry
[12:04] {thomcbell} would prefer pullback entry
[12:19] {dino} vrtx smr s .67
[12:22] {dino} cov vrtx .17, +.50
[12:23] {thomcbell} splk 53.85 long break if holding 53.75
[12:24] {thomcbell} small shares due to time of day
[12:29] {thomcbell} splk 1:1
[12:33] {dino} lgnd smr l .44 stop lod
[12:42] {dino} gj tbell
[12:43] {nemo} vrtx looks short here
[12:44] {dino} lgnd no go
01[12:49] {@Threei}  A Ukraine helicopter used for carrying military cargo was brought down by rebel fire near the town of Slavyansk in eastern Ukraine on June 24 and nine people were feared dead
01[12:49] {@Threei}  nice ceasefire
[12:53] {dino} don't know if it relates, but pratt&whitney (division on united tech) just sent some aerospace engineers to poland this weekend, my niece included
01[12:54] {@Threei}  might be missile shield related?
01[12:54] {@Threei}  or it's not their specialty?
[12:55] {dino} aircraft engines mainly
01[12:56] {@Threei}  anyway, it never ceases to amaze me how the west reacts... Putin asks parlament to withdraw permission to use troops - horray, this shows he won't
01[12:57] {@Threei}  as if he doesn't covertly,
01[12:57] {@Threei}  or as if he wouldn't without such permission and anyone in parlament would open their mouth to object,
01[12:58] {@Threei}  or as if it took him more than 10 min to get them to grant such permission again
01[13:01] {@Threei}  Herbalife Ltd. Pyramid scheme expert calls on the SEC to crack down on multi level marketing (MLM) - NY Post- Bill Keep, the business dean of the College of New Jersey sent a letter to SEC chief White on June 16th warning against the "threat of unregulated behaviors by hundreds of thousands of MLM distributors."
[13:02] {dino} oh the horror, give me a break
01[13:02] {@Threei}  yeah
01[13:02] {@Threei}  college professor
[13:03] {thomcbell} splk got 1:2
[13:03] {thomcbell} out here
01[13:03] {@Threei}  wtg
[13:03] {dino} gj
01[13:03] {@Threei}  college professor
01[13:03] {@Threei} Long Setup:  LVS  .80 break
01[13:04] {@Threei}  If holds  .70
[13:05] {nemo} mpc should be short to the whole
[13:09] {nathan} hi all
[13:09] {dino} vrtx banging vwap
01[13:10] {@Threei}  hey nathan
[13:11] {nathan} capitul. JNPR
01[13:16] {@Threei}  Putin: Demanding disarmament from Ukrainian separatists is senseless
01[13:16] {@Threei}  Putin: Moscow will always defend Ukrainians who feel part of Russian world
01[13:16] {@Threei}  there
[13:18] {dino} vrtx smr s .60
[13:19] {dino} damn spike
[13:26] {dino} cov vrtx .00, +.60
01[13:26] {@Threei} Long Setup:  LVS  .60 break
01[13:26] {@Threei}  If holds  .50
[13:31] {dino} sstk drop
01[13:32] {@Threei}  1:1
[13:38] {dino} lgnd smr l .80 ave, gappy sucker
01[13:44] {@Threei}  Ukrainian official: Russia still building up troops, hardware at border with Ukraine
01[13:46] {@Threei}  how about this:
01[13:46] {@Threei}  'Luhansk People's Republic': Russia's decision not to use army in Ukraine doesn't apply to it
01[13:46] {@Threei}  lol
[13:48] {dino} out lgnd .50, +.70
01[13:48] {@Threei}  gj
[13:49] {nathan} gj dino
[13:49] {dino} ty
[13:49] {dino} watt spike
[13:50] {RonS} watt lights out?
01[13:51] {@Threei}  lol
[13:51] {dino} watt's up?
[13:52] {dino} insm s .61 stop .71
[13:54] {dino} added vxx sept calls
[13:54] {nemo} http://goo.gl/6wvOtH
01[13:56] {@Threei}  if LVS dives under .60, let's watch for repetition of the setup
01[13:58] {@Threei} Long Setup:  LVS  .60 break
01[13:58] {@Threei}  If holds  .50
[13:58] {nemo} looks like the market
01[13:59] {@Threei}  very much so
01[13:59] {@Threei}  Invalidated
[14:02] {nemo} what, nobody liked the picture?
01[14:03] {@Threei}  too cute
01[14:07] {@Threei}  LVS was waorth recalibration...
[14:09] {dino} oas drop
[14:09] {dino} lot of oils/lp drops today
[14:17] {nemo} indexes look short
[14:18] {dino} oas smr l .00
[14:26] {dino} athl smr l .00
[14:26] {thomcbell} watching splk for a short entry now
[14:29] {dino} oils getting crushed
[14:30] {dino} oas stop .73 -.27
01[14:31] {@Threei} Long Setup:  JNPR  .20 break
01[14:31] {@Threei}  If holds  .13
[14:31] {dino} athl stop .80 -.20
[14:44] {nathan} well gents see u in couple weeks
[14:44] {nathan} i'm gonna be out for work
[14:44] {nathan} take care
[14:44] {dino} cya nat
[14:44] {nathan} gluck
[14:45] {dino} u2
01[14:47] {@Threei}  take care nathan
[14:51] {dino} oas hl l .70
[14:54] {nemo} IMO after 3:15 in indexes shorts will be getting out of the way
[14:59] {dino} out oas .02, +.32
[15:00] {goinshort} out oas - thanks!
[15:00] {dino} yw, gj
01[15:02] {@Threei}  (US) Fed's Dudley: Market expectations for a mid-2015 rate hike seems to be reasonable; unemployment can decline further before inflation becomes a problem - Q&A- Rate moves will depend on the Fed's outlook for the economy.
01[15:03] {@Threei}  (UR) Ukraine President Poroshenko is reportedly mulling withdrawl of ceasefire in eastern Ukraine after pro-Russia separatists shot down helicopter - press- Poroshenko says rebels have fired at Ukrainian forces 35 times since he announced the ceasefire
01[15:03] {@Threei}  that didn't last too long
[15:11] {dino} cov insm .53 +.08
01[15:20] {@Threei} Short Setup: IWM  .90 break
01[15:21] {@Threei}  grrr... late
[15:26] {nemo} this should be short covering into close
01[15:26] {@Threei} Long Setup:  IWM  117 break
01[15:26] {@Threei}  If holds  .90
[15:27] {nemo} Pavlov
01[15:27] {@Threei}  nice to meet you
[15:30] {nemo} this .08 level important, breaks this .38 level next
[15:33] {nemo} indexes look short
[15:35] {thomcbell} dal looks vulnerable
[15:36] {nemo} so....can I pound my chest about calling the top in iwm?
01[15:37] {@Threei}  only if you promise not to break your ribs
[15:37] {nemo} np...what about Les
[15:37] {nemo} s ribbs
[15:37] {nemo} ?
01[15:38] {@Threei}  not my concern
[15:38] {nemo} I'll take that as approval
01[15:39] {@Threei}  tacit
[15:39] {nemo} spasibo
[15:44] {dino} nemo, gut feel on open tomorrow?
[15:45] {nemo} I don't have one at the moment push come to shove, up, and drop
[15:45] {dino} opposite, thinking gap down then up
[15:45] {nemo} maybe, and actually with the alibaba IPO coming up, that would make sense
[15:46] {dino} what day is ali?
[15:46] {nemo} don't know yet, but all will get is tree shaking until then.  we probably get a honeymoon with that and then a real pullback becomes possible, but not until after
[15:46] {nemo} too big a wall street payday coming
[15:47] {nemo} that could be the biggest ipo ever
01[15:47] {@Threei}  OK guys, decent day overall
[15:47] {nemo} don't forget we have quarter end coming, so serious window dressing
01[15:48] {@Threei}  thank you all, have a good evening
01[15:48] {@Threei}  see you tomorrow
[15:48] {dino} gn 3i

June 23 2014

Catch of the Day, TWTR. Smooth and fast

Afternoon was less pleasant, with couple winning plays and a few stops. Market is still quite inactive.


Session Time: Mon Jun 23 00:00:00 2014
[09:11] {RonS} hi guys
01[09:11] {@Threei}  morning ron
[09:13] {RonS} lulu in play...supposedly founder in talks w/ gs to find a pe firm to take them private...unusual bull options plays on fri w/ 33% float short, 21 mil sh
01[09:13] {@Threei}  - Founder Dennis Wilson is working with Goldman Sachs for control of Lululemon; he is seeking a new board, finding an imbalance in Board representation, which is significantly weighted towards short-term results at the expense of product, culture and brand and longer-term objectives.
[09:14] {RonS} love these personal fights in retail...
01[09:14] {@Threei}  if he is successful, he will have a lot of joy firing those directors
01[09:15] {@Threei}  ey1, see private message
01[09:15] {@Threei}  Ron, when you have some evenings to kill, watch that show, The Americans
[09:17] {RonS} series or movie?...if series think have seen a couple...pretty intense...
01[09:17] {@Threei}  series
01[09:17] {@Threei}  2 seasons now
[09:19] {RonS} reminded me of the book "The Firm" by an Englishman...roughly detailing the history of the CIA post WWII and finally dealing w/ a Soviet mole in the upper echelon of the CIA
[09:19] {troub} good morning you all
01[09:19] {@Threei}  troub :)
01[09:27] {@Threei}  http://mic.com/articles/91763/one-flow-chart-perfectly-sums-up-the-truth-about-u-s-foreign-policy
01[09:29] {@Threei}  wow... everyone's asleep
01[09:31] {@Threei} Long Setup:  LULU  .50 break
01[09:31] {@Threei}  If holds  .40
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  FB  .30 break
01[09:32] {@Threei}  If holds  .23
01[09:33] {@Threei}  LULU got away
[09:33] {RonS} caght lulu .40 to .87 thanks 3i +.47
01[09:33] {@Threei}  1:1  FB
[09:33] {RonS} caught
[09:33] {dino} mtor hl l .75
01[09:34] {@Threei}  :)
01[09:37] {@Threei} Long Setup:  IWM  .15 break
01[09:37] {@Threei}  If holds  .09
01[09:38] {@Threei}  valid
01[09:38] {@Threei}  stop .07
01[09:40] {@Threei}  1:1
[09:41] {troub} good start for the day-week
01[09:42] {@Threei}  ty
01[09:42] {@Threei}  so was last Monday
01[09:42] {@Threei}  maybe let's trade Mondays only? {G}
01[09:43] {@Threei}  reminds me a 7 years old recipe when he heard that during train crashes the last car suffers the most damages
01[09:43] {@Threei}  he suggested to disconnect it and leave it at the station
01[09:44] {@Threei}  *(US) JUN PRELIMINARY MARKIT MANUFACTURING PMI: 57.5 V 56.0E -
[09:44] {dino} lol
[09:48] {dino} out mtor .99, +.24
[09:48] {dino} insm hl s .71 stop .86
01[09:50] {@Threei} Short Setup: IWM  .10 break
01[09:50] {@Threei}  If holds  .20
[09:55] {dino} agio smr l .09 stop .79
01[09:55] {@Threei}  change to .15
01[09:55] {@Threei}  If holds  .25
01[09:57] {@Threei}  nope
[09:58] {dino} mtor hl l .96
01[09:59] {@Threei}  *(US) MAY EXISTING HOME SALES: 4.89M V 4.74ME
01[10:01] {@Threei}  watching FCX for pullback entry
01[10:04] {@Threei}  missed
[10:06] {dino} insm stop .87 -.16
[10:08] {RonS} large cap biotech getting hit
[10:09] {RonS} wow good cover insm...
[10:11] {dino} agio stop slip -.39
01[10:11] {@Threei} Long Setup:  TWTR  .10 break
01[10:11] {@Threei}  If holds  39
01[10:12] {@Threei}  1:1
01[10:14] {@Threei}  1:2
01[10:15] {@Threei}  out in full
01[10:15] {@Threei}  1:3
[10:18] {dino} grfs drop
01[10:27] {@Threei}  thom... missed couple good ones
[10:28] {thomcbell} tough time of year for me - family mornings at school with 3 kids all in elementary school
[10:29] {thomcbell} glad u guys got some points on the board
[10:32] {dino} agio smr l .04 wide
[10:34] {thomcbell} looking at Rice here
[10:34] {thomcbell} long setup 30.91 long break maybe
[10:35] {dino} agio stopped again, too tough
01[10:36] {@Threei}  GRFS Spokesperson: company has not released any new information and has no comment on stock movement today
01[10:37] {@Threei}  OPEN Hearing chatter that Yahoo could be considering making a rival bid for the company (against pending Priceline offer at $103/shr)
[10:40] {dino} open smr l .18
[10:40] {thomcbell} rice 1:1
01[10:41] {@Threei}  wtg
[10:41] {dino} gj
[10:41] {thomcbell} these growthy energy names can be kkind of wild
[10:41] {thomcbell} looking for 31.30
01[10:42] {@Threei} Long Setup:  FCX  .50 break
[10:43] {thomcbell} rice 1:2
[10:46] {dino} out open .86, +68, ty vad
[10:47] {dino} .68
01[10:48] {@Threei}  :)
01[10:52] {@Threei}  Invalidated
[10:54] {thomcbell} sold 1/3 grfs at 31.1
[10:54] {thomcbell} still feels heavy
[10:54] {thomcbell} i mean rice
[10:54] {thomcbell} sorry
[10:54] {thomcbell} grfs was a good one dino
[10:56] {thomcbell} another 1/3 out rice 31.19
[10:57] {thomcbell} out rice 31.19
[10:57] {dino} too bad i was waiting too low on it
[11:04] {RonS} fslr into a volume pocket on takeover chatter
[11:08] {RonS} aamc down $199...lol
01[11:18] {@Threei}  http://www.businessinsider.com/the-information-google-is-gathering-about-us-is-terrifying-2014-6
01[11:23] {@Threei} Short Setup: LULU  .60 break
01[11:23] {@Threei}  If holds  .70
01[11:37] {@Threei}  nah
[11:40] {dino} last try agio smr l .96
01[11:49] {@Threei} Short Setup: AAPL  .80 break
01[11:49] {@Threei}  If holds  .90
01[12:10] {@Threei}  (UR) US Govt officials note that Russia could be preparing to send more tanks into Ukraine - press- Russia has also moved several thousand more troops back to the border.
[12:12] {dino} vrtx spike
[12:12] {dino} smr s .01
01[12:13] {@Threei} Short Setup: CAT  .35 break
01[12:14] {@Threei}  If holds  .45
[12:15] {dino} syt
[12:16] {dino} smr s .37
[12:17] {dino} cov syt .59, +.78
[12:18] {dino} mon spike
[12:19] {dino} mon smr s .70
[12:20] {dino} cov mon .30, +.40
[12:20] {dino} vrtx stop .31 -.30
[12:28] {dino} syt smr s .69
[12:31] {dino} sep spike
[12:33] {dino} syt stop .00 -.31
01[12:34] {@Threei} Long Setup:  IWM  118 break
01[12:34] {@Threei}  If holds  .90
01[12:35] {@Threei}  change to aggressive
01[12:35] {@Threei}  .95 break
01[12:35] {@Threei}  If holds  .90
[12:36] {dino} wldn spike
[12:36] {dino} hl s .27
[12:39] {dino} syt smr s .02
[12:54] {dino} syt stop .32 -.30
[12:55] {dino} rinsed
01[12:57] {@Threei}  annoying
[12:57] {dino} lh/ll syt
[12:58] {dino} reload s .88
[13:00] {dino} agrx rocking
01[13:02] {@Threei}  hey nemo
01[13:02] {@Threei}  how did it go?
[13:05] {nemo} Polymyalgia Rheumatica...long term Prednisone treatment
01[13:05] {@Threei}  could've been worse, I suppose
[13:06] {nemo} always, but Prednisone is problematic
01[13:07] {@Threei}  have you ever seen Darth Vader playing violin? only in Victoria: https://www.facebook.com/photo.php?fbid=670875829658602&set=a.488848774527976.1073741828.483178015095052&type=1&theater
[13:07] {troub} what size nemo?
[13:08] {nemo} you mean dosage?
[13:08] {troub} I've taken 7m daily for ii yrs, no side issues
[13:08] {nemo} Knock on wood
[13:08] {nemo} they
[13:08] {dino} emes smr l .05
[13:09] {nemo} starting at 15
[13:09] {nemo} will taper
[13:09] {nemo} 5 mg didn't do it
[13:09] {nemo} osteoporosis preventative treatments on the table too
[13:10] {dino} gl nemo
[13:11] {nemo} he's an irascible italian, it's like trying to massage a porcupine
[13:11] {nemo} suicide is becoming an option ;-)
01[13:31] {@Threei} Long Setup:  TZA  .40 break
[13:31] {dino} emes to .75
01[13:31] {@Threei}  If holds  .35
01[13:36] {@Threei}  Invalidated
[13:38] {dino} emes to .99
[13:39] {dino} to .17 expect slip
[13:40] {dino} slipped, out .00, +.95 emes
[13:41] {RonS} gj
[13:41] {dino} ty
01[14:14] {@Threei} Long Setup:  IWM  118 break
01[14:15] {@Threei}  If holds  .90
01[14:25] {@Threei}  half out
[14:29] {dino} aspn spke
01[14:42] {@Threei} Long Setup:  LULU  .40 break
01[14:46] {@Threei}  If holds  .35
01[15:10] {@Threei}  sigh
01[15:10] {@Threei}  hate the afternoon
01[15:28] {@Threei} Short Setup: FB  .40 break
01[15:28] {@Threei}  If holds  .50
01[15:28] {@Threei}  last attempt to squeeze something out of this stone
01[15:32] {@Threei}  change to .45 break
01[15:32] {@Threei}  If holds  .55
[15:34] {nemo} spy
[15:51] {dino} calling it a day, gn
01[15:52] {@Threei}  take care dino
01[15:52] {@Threei}  come on FB, drop a little more
01[15:56] {@Threei}  good girl
01[15:56] {@Threei}  a bit more
01[15:57] {@Threei}  OK
01[15:57] {@Threei}  out
01[15:57] {@Threei}  thank you, have a good evening
01[15:57] {@Threei}  see you tomorrow

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Dovish Fed Aids Sentiment

- Market complacency hit new highs this week as both the DJIA and the S&P500 both pushed out to fresh record highs this week. Meanwhile, the VIX dipped below 10.40, its lowest level since early 2007. The Fed decision on Wednesday held no surprises, although during the post-decision press conference Fed Chair Yellen qualified her definition of the "considerable period" between the end of the taper and rate hikes. Yellen said there was "no mechanical formula" defining this span of time, further distancing herself from the gaff at her first press conference when she suggested it would be about six months. Markets took the statement as dovish, greatly aiding positive sentiment. The bleeding continued in Iraq and Ukraine all week, but neither conflict managed to distract markets as they have been able to do in the past. For the week, the DJIA rose 1%, the S&P500 climbed 1.4%, and the Nasdaq gained 1.3%.

- The US May CPI report showed prices at a key threshold: the core CPI figure hit 2.0%, which suggested inflation is getting close to the Fed's target rate. On a sequential basis, monthly core CPI increased at its fastest pace since August 2011 while the y/y figure is at the 2.0% level for the first time since February 2013. Keep in mind that the Fed watches the PCE series as its main gauge of inflation; in updated economic forecasts accompanying Wednesday's decision, the Fed slightly increased its 2014 PCE forecast to 1.5-1.7% from 1.5-1.6%. The May PCE data will be released on June 26th. In her post-decision press conference, Yellen said the CPI data was "noisy," which some people believed meant she wasn't too worried about inflation at the moment.

- Housing starts fell 6.5% in May, for the first decline in the series in four months, while the April figures were revised slightly lower. The decline was broad-based across regions and type of construction. Single-family housing starts fell 5.9%, while multifamily starts fell 7.6%. Permits declined as well, led lower by a sharp decline in multi-family permits.

- Conflict in Iraq and Ukraine continued without interruption. After being knocked from the headlines by ISIS's offensive in Iraq, the conflict in eastern Ukraine was heating up again. NATO Chief Rasmussen warned that Russia was boosting troop levels on Ukraine's borders and there were reports of Russia sending tanks, armored vehicles and artillery over the border to resupply pro-Russia insurgents. Ukraine President Poroshenko declared a one week unilateral cease-fire, however Russia and many other observers see it as a demand for surrender by the rebels, and not the start of a negotiation. In Iraq, government forces seemed to check ISIS's advance north of Bagdad as the Baiji refinery traded hands all week. Prime Minister Maliki appeared to lose support of Iran, the US and even Grand Ayatollah Ali al-Sistani, as all three power centers signaled a new government was needed to cope with the new situation on the ground. Energy prices did not move any higher, with front-month WTI spending most of the week around $107. Gold spiked 3.3% on Thursday, hitting one-month highs, a move attributed to geopolitical tensions, an accommodative Fed, and the continued unwinding of Chinese commodity financing deals.

- Amazon unveiled its new smartphone platform this week, dubbed the Fire Phone. As expected, it features multiple cameras that support a 3D display, but the more interesting aspects of the new device went well beyond graphical gimmicks. The device's Firefly system allows users to take a picture of any product from books to barcodes and have the device find the product on Amazon.com. Firefly also reads text and numerals via a strong character recognition system, and can identify music and open songs on various services. Fire Phone sells for about the same as the iPhone: $200 with a two-year contract from AT&T, although the devices have more internal storage.

- In earnings, FedEx had a very good fourth quarter and offered a strong initial FY15 forecast. BlackBerry continued to restructure its business in its first quarter for a more modest market position. The firm's margins rose firmly for a second consecutive quarter and its quarterly losses continue to fall. Rite Aid's first quarter revenue declined 50% y/y thanks to higher drug costs and steeper reimbursement rate reductions, although comps held up well. After reporting another disappointing quarter, Darden charted a course for its post-Red Lobster business, offering an initial view of its FY15 outlook. Oracle missed expectations and analysts were skeptical of its touted transition into cloud services.

- Steel names Nucor, AK Steel and Steel Dynamics provided guidance on second quarter results. AK Steel and Nucor missed expectations: AK blamed lingering effects of the winter weather and hedging losses, Nucor said imports continue to negatively impact pricing and margins. Meanwhile Steel Dynamics's outlook was in line with consensus views. STLD said profitability would be higher in the quarter on a sequential basis as both shipments and metal spreads are improving, despite significantly increased import activity. Also, ConAgra trimmed its fourth quarter guidance slightly due to volume declines in its Consumer Foods segment, as well as weak profits for the Private Brands segment.

- Another round of huge M&A deals were announced this week. The biggest was Medtronic's agreement to buy competitor Covidien for $42.9 billion in cash and stock. Analysts suggested that the deal would be burdened by heavy political and regulatory attention, while also noting that there would be limited opportunities to extract cost synergies because of the narrow product overlap between the two companies. Level 3 Communications entered a deal to buy TW Telecom in a transaction worth about $5.6 billion. Level 3, one of the biggest backhaul Internet service providers, gets direct access to large- and medium-sized business customers. SanDisk signed a deal to acquire fellow flash memory maker Fusion-io in an all-cash deal that values it at $11.25/share, or $1.1 billion.

- Cable crossed the 1.70 level, which has been a point of resistance on GBP/USD's upward march. The pair saw its highest level since July 2009 around 1.7050 as traders continue to position themselves for rate hikes later this year. Multiple BoE figures through their weight behind hikes, with dove Miles saying there was a clear chance of a hike before next spring and hawk Weale saying that the BoE could tighten policy even with greater labor market slack. EUR/USD continues to hold above the post-ECB low of 1.3503, and fluctuated between 1.3510 and 1.3644.

- The slowdown in the Chinese property sector became ever more apparent after the May price data revealed even top-tier cities are no longer immune to the downturn. Prices rose in just 15 out of 70 cities (vs. 44 in the prior month) while falling in 35, versus just 8 prior. Average prices across 70 cities were also down for the first time in two years, falling 0.2% m/m. Policymakers in Beijing have yet to show any signs of panic, with PBoC official referring to the downturn as "necessary and inevitable," however foreign investors are taking note. May FDI slowed to a one-year low of +2.8% YTD and outright fell by -6.7% y/y for the month of May alone. Traders will tune in for China's flash manufacturing PMI figures on Sunday evening for signs of further recovery in the HSBC index.

- Japan saw a mixed round of merchandise trade data, as deficit narrowed more than expected but overall exports fell for the first time in 15 months. Shipments to China rose just 0.4% vs 9.8% in April and US exports fell for the first time in 17 months by 2.8%. The smaller deficit was largely the result of the unexpected decline in imports, as Japan's crude oil intake slumped by nearly 20%. Late in the week, Japan's Cabinet Office cut its assessment of imports for the third consecutive month while maintaining its overall view of economy maintaining the course of moderate recovery.

TradeTheNews