Friday, October 31, 2014

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Fed Passes the QE Baton to the BoJ
Fri, 31 Oct 2014 16:13 PM EST

The Fed ended QE3 this week, six years after beginning the extraordinary effort to ease monetary condition in the US, and just two days later the Bank of Japan doubled down on its own QE policies. Note that the Fed retained its language on keeping interest rates low for a "considerable time" but dropped its "significant" wording in regards to slack in the US labor market. In addition, the Q3 US GDP topped expectations and grew 3.5%, according to preliminary data. Global equity markets surged higher following the events, with both the DJIA and S&P500 back at all-time closing highs on Friday, the Nikkei up 5% and the Nasdaq at its best level since February 2000. Shanghai saw more modest gains after the flash manufacturing PMI for October gained a bit and Q3 GDP came in at +7.3%. For the week, the DJIA had its biggest gain since early 2013, rising 3.4%, the S&P500 rose 2.7%, and the Nasdaq added another 3.3%.

With progress in the battle for higher inflation slowing, the BoJ caved to pressure and expanded its asset buying program, raising its annual monetary base expansion target to ¥80T from ¥60-70T in a tightly split 5-4 decision. The bank cited "weak developments in demand following consumption tax hike and a substantial decline in crude prices". Annual JGB purchases will also rise to ¥80T from ¥50T prior, while the average maturity held would rise to 7-10 years from seven prior. Subsequently, the BOJ also lowered its FY14 GDP target to 0.5% from 1.0% and core CPI forecast to 1.2% from 1.3%. USD/JPY hit seven-year highs above 112 after the announcement.

The advance look at US third quarter GDP was pretty rosy (+3.5% v +3.0%e), with the headline figure much better than expected. However, analysts were quick to point out that a big gain in government spending was responsible for much of the outperformance, while the fixed investment, exports and imports all declined. Government spending broke a long string of declines and grew at a 10% rate in the quarter. The September durable goods was negative for the second consecutive month, however the decline was much less severe that the one seen in August, and the August data was revised slightly higher.

The Russian Central Bank tried and failed to stem the ongoing collapse of the ruble. USD/RUB has been probing fresh all-time lows day after day, hitting 44 to the dollar on Friday morning, while inflation hit 8% in September and capital outflows are not slowing down. At its scheduled policy meeting on Friday morning, the Bank Rossii raised its main interest rate 150 basis points to 9.5%, three times the expected amount. The ruble strengthened momentarily, with USD/RUB dropping back to 41.25, however it popped back up above 43.00 in no time. In Ukraine news, agreement seems to have been reached in tripartite negotiations with Russia and the EU to secure gas delivery through the winter and resolve some of Ukraine's gas debt.

Crude regained some value in the first half of the week, as WTI rose from $80.60 and topped out at $82.80. At a conference in London, OPEC Secretary General El-Badri said his organization was not seeing any big change in market fundamentals, asserted current prices should not cause alarm and claimed the market was currently oversupplied by about 1 million bpd. His comments corresponded with the top, and WTI was back around $80 by Friday as fresh dollar strength and more central bank easing beat the stuffing out of commodities, including crude. Societe Generale joined several other analysts in forecasting an OPEC production ceiling cut of 1.0-1.5 bpd at the upcoming November 27th meeting.

Hewlett-Packard announced this week that it would enter the 3D printing market in 2016 with a new product that is "10x faster than any product on the market today." Shares of 3D printing names DDD, SSYS and VJET took a big dip on the news. The firm also unveiled an "immersive computing" product with dual touchscreens and a 3D scanner that would work in concert with 3D printers and could reinvent computing.

The fall earnings season is well past the halfway mark, with around four-fifths of the S&P500 having already disclosed results from the July-September period. Data shows that about 80% of these companies have beat EPS expectations. Revenue gains have made modest progress, with the aggregate gains in top-line revenue slightly higher than the average over the last four quarters. Big Oil names, including Exxon and Shell, saw low crude prices cut both ways, as better downstream results made up for worse upstream results. Visa and MasterCard did very well as spending volumes surged. Twitter tanked as investors worried about user growth, while Facebook swooned on weak guidance.

The ECB's asset purchase program is set to begin in November and there has been talk the bank might greatly expand a program that has been widely criticized. The ECB never put a total monetary value on the program, and speculation on how much ABS the bank could buy has focused on remarks made by ECB President Dragh, who said balance sheet would grow back to 2012 levels. In 2012, the ECB's balance sheet was worth €3.0 trillion at its biggest, compared to a figure of €2.0 trillion today, suggesting an ABS purchase plan of up to €1.0 trillion. On Friday a report citing ECB sources suggested that the bank is not targeting a €3.0 trillion balance sheet, in an apparent attempt to tamp down expectations and push governments to continue fiscal reforms. The euro had been slowly strengthening in the first half of the week, in the upper half of the 1.2700 handle, but after the Fed and BoJ moves, the pair dipped below 1.2500 for the first time since August 2012.

The Brazilian Real looked ready for outsized losses following the re-election of President Dilma Rousseff. USD/BRL ended last week at 2.48 and initially tested 2.55 following the election. However, the Real managed to claw its way back as the government started talking about taking a new tack in its second term. Brazil equities have begun coming back a little bit: Petrobras lost nearly 45% between mid-October and early this week, but ticked slightly higher heading into the end of the week.

The Shanghai Composite was swept higher by the surging tide in global risk appetite, ending the week up over 5% at its highest level in 20 months. China's top state-owned banks' Q3 profits were generally in line with expectations, however all of them also saw troubling increases in non-performing loans, in part due to a slump in the property sector. The silver lining for the mainland was a hint from government officials that completion of the delayed Hong Kong-Shanghai trading link has now entered the "final stage." China Stats Bureau will unveil the official October manufacturing PMI figure later tonight, with consensus pointing to a marginal bump to 51.2.


Oct 31 2104

Slightly negative day, after largely boring day with some rinses and some wins. Considering how the whole month went, no reason to complain about last day.

 Session Time: Fri Oct 31 00:00:00 2014


[09:09] {dino} gm
01[09:09] {@Threei}  dino :)
[09:13] {nemo} go back to sleep boys
[09:13] {nemo} or start drinking early on a Friday
[09:13] {nemo} There is an annual contest at Texas A&M University calling for the most
[09:13] {nemo} appropriate definition of a contemporary term. This year's term was
[09:13] {nemo} **- "Political Correctness."**
[09:13] {nemo} **The winner wrote:**** "Political correctness is a doctrine, fostered by a
[09:13] {nemo} delusional, illogical minority, and rabidly promoted by an unscrupulous
[09:13] {nemo} mainstream media, which holds forth the proposition that it is entirely
[09:13] {nemo} possible to pick up a piece of shit by the clean end."*
[09:15] {dino} roflol
[09:15] {RonS} gm...heard on the street: I woke up to a boj this morning...
[09:16] {nemo} good one
[09:16] {jfjf64} mornin
[09:17] {nemo} I figured a new SPY ATH was coming, didn't know it would be this way
01[09:17] {@Threei}  ron, jf :)
[09:19] {nemo} new SPY TH in premarket
[09:22] {dino} guess my lightening up on calls tuesday was a bit early
[09:22] {dino} crazy markets. world was coming to an end two weeks ago, now hits new highs
[09:22] {Jenh} gm everyone!
01[09:23] {@Threei}  jen :)
[09:23] {RonS} lms...
[09:23] {nemo} that was the Ebola one off DIno
01[09:25] {@Threei}  and another bout of EU disease
[09:26] {RonS} thought this was sort of middle eastern garb:  Protests resume after army seizes control of Burkina Faso
[09:27] {troub} good morning
01[09:27] {@Threei}  lol
01[09:27] {@Threei}  troub :)
01[09:35] {@Threei} Short Setup: FB  ..80 break
01[09:35] {@Threei}  If holds  .90
01[09:35] {@Threei}  umh
01[09:35] {@Threei}  1:1 but good luck getting in
01[09:37] {@Threei} Long Setup:  TWTR  .20 break
01[09:37] {@Threei}  If holds  .10
01[09:37] {@Threei}  change to .10 break
01[09:38] {@Threei}  If holds  42
01[09:39] {@Threei}  nope
01[09:44] {@Threei} Short Setup: FB  .70 break
01[09:44] {@Threei}  If holds  .80
01[09:45] {@Threei}  *(US) OCT CHICAGO PURCHASING MANAGER: 66.2 V 60.0E
01[09:46] {@Threei}  jerky...
[09:46] {nemo} ese here?
01[09:46] {@Threei}  FUEL Hearing takever chatter circulating- Google speculated as a suiter
01[09:50] {@Threei}  rinse FB
01[09:50] {@Threei}  somg
01[09:53] {@Threei} Long Setup:  IWM  .15 break
01[09:53] {@Threei}  If holds  .05
01[09:53] {@Threei}  1:1
[09:53] {nemo} yeah, right
01[09:54] {@Threei}  ?
[09:54] {nemo} no time to get it
01[09:54] {@Threei}  .17 here
01[09:54] {@Threei}  1:2
[09:54] {nemo} wow, my quotes must be off
01[09:55] {@Threei}  *(US) OCT FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 86.9 V 86.4E
[09:59] {dino} crus sm l .80
01[10:02] {@Threei} Long Setup:  WMT  .95 break
[10:02] {jfjf64} vxx
[10:02] {jfjf64} vg
01[10:02] {@Threei}  If holds  .85
[10:04] {nemo} very little showing up on algo as of yet
01[10:05] {@Threei}  stop to .89
[10:07] {dino} twm sm l .93
[10:13] {nemo} you need to have your stop above .40 in IWM
01[10:13] {@Threei}  meh
[10:14] {dino} twm stop .78 -.15
[10:15] {nemo} betting against central banks dino?
[10:17] {dino} :)
[10:20] {ese} morning ladies (nemo) and gents....am late show to prepare for tonight
[10:23] {nemo} SPY should go for 202 and take out the ATH
[10:23] {nemo} XLE straight up
01[10:24] {@Threei}  ese :)
[10:24] {ese} oh...there are people here.....thought for a moment that i'd missed something
01[10:25] {@Threei}  you thought you were entering empty space?
[10:26] {ese} just reading yesterdays trading blog......man vad....you take out all the insults I throw at nemo......thats no fun...nobody can read them
[10:26] {troub} bailing out for a month or two.  good luck to all.  and by the way nemo and vad, I'm one of those dastardly Democrats who voted for Pres. Obama. Oh, also female.
[10:26] {nemo} they're so bad ese, that's why
01[10:27] {@Threei}  good luck troub, we will be here
01[10:27] {@Threei}  and we don't holds it against you :)
[10:27] {nemo} who knows, one Carrington event, or misguided meteor, it's all over
01[10:27] {@Threei}  as famous line in the movie goes, nobody's perfect
[10:28] {ese} I like Obama troub.....i've taken a lickin from this crew as well
[10:28] {troub} glad to see you state your position vad.
[10:28] {nemo} He's a great orator
01[10:28] {@Threei}  the difference is, you like him on someone else's dime, ese {G}
[10:28] {ese} ouch
[10:29] {ese} what'd i tell ya troub
01[10:29] {@Threei}  troub pays for her preferences directly, lol
[10:29] {nemo} she left ese
[10:29] {dino} good luck troub
[10:31] {nemo} she left dino
[10:32] {nemo} @10:28
01[10:32] {@Threei} Long Setup:  IWM  .40 break
[10:32] {Jenh} oh no. just missed the one other female in the group
[10:32] {dino} damn dial up
01[10:32] {@Threei}  If holds  .30
[10:32] {Jenh} don't leave me alone with them troub
[10:32] {nemo} on that note: http://goo.gl/TP95lz
[10:33] {nemo} oh sheesh, it's not like we...I mean, they bite
[10:33] {Jenh} :)
[10:33] {nemo} I mean, I do...bit rip chew tear eviscerate
01[10:34] {@Threei}  stop to .34
01[10:35] {@Threei}  large gap up day... sigh
01[10:38] {@Threei}  watching CAT for pullback entry
[10:43] {dino} arii smr l .36
[10:43] {dino} for you ron
01[10:47] {@Threei} Long Setup:  CAT  .70 break
01[10:47] {@Threei}  If holds  .60
01[10:51] {@Threei}  1:1
01[10:52] {@Threei}  1:2
01[10:54] {@Threei}  will try for 1:5 if takes 102
01[11:05] {@Threei}  nah, out
[11:08] {nemo} they're slowly getting SPY to ATHs
[11:08] {dino} out arii .86, +.50
[11:09] {RonS} took arii .28 to .95 +.67  paying attention to vwap today...hehe  thanks dino
01[11:10] {@Threei}  wtg
[11:11] {jfjf64} 1:4 ty vg
[11:12] {dino} yw
01[11:12] {@Threei}  yw
01[11:12] {@Threei}  good patience
[11:13] {jfjf64} I never seen ya leave lk that
[11:13] {jfjf64} grrr
[11:13] {jfjf64} 1:5
01[11:14] {@Threei}  as foretold
[11:14] {jfjf64} yes sir
[11:18] {jfjf64} twtr look lower to ya
[11:18] {nemo} yeah, should head down towards Les's IQ
[11:19] {nemo} no, likely up to vwap
01[11:19] {@Threei}  can't tell
[11:19] {jfjf64} mr ds vwap 42.00
[11:34] {jfjf64} fu twtr
01[11:49] {@Threei} Long Setup:  VXX  .50 break
01[11:49] {@Threei}  If holds  .40
01[11:53] {@Threei}  1:1
01[11:57] {@Threei}  Just two days after the Fed ended its QE program, the BoJ surprised everybody this morning by greatly expanding its existing QE program, rocking global markets. The Nikkei gained 4.8% on the session and Nikkei futures continued rising after the close of cash trading. European indices surged higher and look to close at their highs, with both the CAC and the DAX up more than 2% a piece.
01[11:57] {@Threei}  The S&P500 retook 2000 in the premarket and the DJIA is at fresh all-time highs.
01[12:21] {@Threei}  https://www.facebook.com/RealityTrader/posts/856305641070779
01[12:22] {@Threei}  VXX continues
01[12:22] {@Threei}  jf, you still in?
01[12:24] {@Threei}  jf is in coma
01[12:24] {@Threei}  or deep in the beer bottle
01[12:34] {@Threei} Long Setup:  FB  .95 break
01[12:35] {@Threei}  If holds  .85
01[12:38] {@Threei}  Invalidated
[12:56] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[12:56] {@Threei}  yeah
01[12:56] {@Threei}  well... end of this fireworks month, market can afford one boring day :)
[13:11] {nemo} anybody for iwm .40 short
01[13:13] {@Threei}  I like
[13:33] {jfjf64} hey vg
[13:33] {jfjf64} no coma
01[13:33] {@Threei}  yes?
01[13:33] {@Threei}  no?
01[13:33] {@Threei}  just some liquid sunshine?
[13:34] {jfjf64} pumpkin beer today
[13:34] {dino} had some stegmeier pumpkin ale last night
[13:36] {jfjf64} southern tier/pumpkin head
[13:36] {jfjf64} very nice
01[13:38] {@Threei} Short Setup: IWM  .35 break
[13:38] {jfjf64} cat short
01[13:38] {@Threei}  If holds  .45
[13:38] {nemo} might have to short tna
[13:38] {jfjf64} cant
01[13:39] {@Threei}  don't see setup on CAT
[13:39] {Jenh} me neither. too few shorts available?
[13:39] {nemo} he meant cat=can't
[13:39] {jfjf64} ty
[13:39] {jfjf64} nnemo
[13:39] {Jenh} (lol)
[13:39] {dino} jf, twm, srty
[13:40] {jfjf64} ty dino
[13:40] {dino} np
[13:41] {dino} srty sm l .93
01[13:41] {@Threei}  round-up of october photos should be posted today
01[13:42] {@Threei}  your last chance to be included in e-mail list for notification
01[13:42] {@Threei}  except nemo, him I will spam without his permission
[13:42] {Jenh} how do you have peacocks just roaming around? i've never heard or seen that before
[13:42] {Jenh} or is that a zoo/park
[13:43] {Jenh} ?
01[13:43] {@Threei}  not zoo... just city park
01[13:43] {@Threei}  a lot of them roaming around
[13:43] {Jenh} really? that's really nice
01[13:43] {@Threei}  I have some incredible shots from their mating season
[13:44] {dino} peacock porn?
01[13:44] {@Threei}  kind of, lol
[13:44] {Jenh} so there are little pea...chicks also just roaming the park without any protection from people?
[13:44] {Jenh} lol
[13:45] {Jenh} the area looked beautiful and with the birds it's almost like a fairytale
01[13:45] {@Threei}  yes
01[13:45] {@Threei}  they are callled peahens :)
01[13:45] {@Threei}  Victoria is epithomy of beauty
[13:45] {Jenh} at least to me. i just have squirrels, chipmunks and the occasional stray cat around my town's park
[13:46] {Jenh} oh peahens. that sounds better than peachicks :)
[13:46] {dino} squirrels, chipmunks, rabbits, deer, and bear roaming here
01[13:47] {@Threei}  we have all that of course, plus racoons and cougars
[13:47] {dino} want to see something funny, couple weeks ago my 35 lb mutt chased a 200 lb bear through my yard
[13:47] {Jenh} remember, no selfies with bears anymore
[13:47] {dino} how about w/beers then?
[13:47] {Jenh} oh wow. good dog!
[13:47] {Jenh} beers is still legal
01[13:47] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414777703./660075390738646/?type=3&theater
[13:48] {dino} yeah, she thinks she's much bigger than she really is
[13:48] {nemo} where's the picture Dino?
01[13:49] {@Threei}  here is mating ritual moment: https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414777739./636935383052647/?type=3&theater
[13:49] {nemo} VWAP magnet today
[13:49] {Jenh} very pretty. like peacock abbey road
01[13:49] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414777753./633634390049413/?type=3&theater
[13:49] {dino} no pics
01[13:50] {@Threei}  scroll through my facebook feed Jen, you'll get an idea of what Victoria is like
01[13:50] {@Threei}  photoblog's even better, more focused
[13:51] {Jenh} yeah. i saw some of it. it looks beautiful.
01[13:51] {@Threei}  http://www.arrestinglight.com/blog
[13:53] {Jenh} yeah. i remember the bridge pic and the bushes. i thought they were photoshopped with all the colors. now i'm just jealous :)
[13:55] {RonS} on a clear day Victoria is more than beautiful, it is stunning
[13:56] {RonS} look one way see the Channel Islands...look another view Seattle actoss the Pugent Sound w/ Mt Ranier is the background
[13:56] {Jenh} you guys are making me want to move
01[13:57] {@Threei}  Mt Baker
01[13:57] {@Threei}  Ranier is not visible from here, gota go to Seattle for that one :)
[13:57] {RonS} cast a wide view and see 3 volcanoe mountain lined yp like soldiers...look dus sounth acorss the strait
[13:58] {RonS} gues had better put my glaases back on so i can see the keys :)
[14:01] {RonS} and how about watching the US nuclear subs going in and out on their six month missions...
01[14:01] {@Threei}  did see one :)
[14:02] {Jenh} nuclear subs do not sound peacock friendly
01[14:02] {@Threei}  here is gal doing just what you describe ron:
01[14:02] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414778535./721459014600283/?type=3&theater
[14:02] {Jenh} didn't know there were nuclear things there in addition to the beautiful scenery
[14:03] {dino} well jen, canada rents our ships to keep putin away
[14:03] {RonS} all the while standing in a small city that is the closest thing to England without being there...plus the people are nicer
01[14:03] {@Threei}  except me
01[14:03] {@Threei}  I had too much time with nemo
[14:03] {RonS} Jen big sub base on the US side of the Sound...
[14:03] {Jenh} i learn so much more in this chat than just stock stuff :)
[14:04] {RonS} nemo ya there?
01[14:04] {@Threei}  this is Mt Baker in the background: https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414778696./666303126782539/?type=3&theater
01[14:05] {@Threei}  and better view for the context: https://www.facebook.com/VadymGraiferPhotography/photos/pb.483178015095052.-2207520000.1414778737./652928181453367/?type=3&theater
[14:05] {Jenh} the pictures are like postcards!
[14:06] {Jenh} and this is just your every day surroundings
[14:06] {Jenh} ?
[14:06] {Jenh} my park seems dingy and stupid now :)
01[14:06] {@Threei}  yes
01[14:06] {@Threei}  this last one is a pier I visit almost daily, it's in a routine walk
[14:07] {Jenh} wow that is really nice
01[14:07] {@Threei}  but don't hate me because my surroundings are beautiful
[14:07] {Jenh} :)
01[14:07] {@Threei}  I paid my dues to live here, really... 10 years in Winnipeg!
[14:09] {Jenh} not familiar with winnipeg but i take it it's far from victoria standards
01[14:10] {@Threei}  6-7 months of cruel, probably harshest on the continent, winter, with temps routinely down to -40
01[14:10] {@Threei}  mountains of snow
01[14:10] {@Threei}  mosquito-infested summer
01[14:10] {@Threei}  with high humidity +30-35
01[14:10] {@Threei}  Celsius
[14:11] {Jenh} :( ic
01[14:11] {@Threei}  city itself is as bland as they get
01[14:11] {@Threei}  eith nice parks of coyrse - merely couple hours of driving :)
[14:12] {Jenh} well ty for the tips on Victoria. i have to visit one day
[14:12] {Jenh} and keep winnipeg of my travel list
01[14:12] {@Threei}  to sum it up... if Victoria is one of top destinations for thwe world tourism and mediterrarian climate, winnipeg has unenviaable nickname "armpti of Canada"
[14:13] {Jenh} ew. definitely will avoid. thanx
[14:13] {dino} srty stop .74 =.19
[14:13] {dino} -.19
[14:14] {RonS} ...must be worst places farther north :)
01[14:14] {@Threei}  sure, but they are not capotals of the provice :)
01[14:14] {@Threei}  capitals
01[14:15] {@Threei}  you can always find some hellhole for ten thousand people... but Winnipeg is 700K city
[14:15] {RonS} lol
[14:15] {Jenh} lol
[14:16] {RonS} thinking the Province should be re-named New Jersey
01[14:16] {@Threei}  I however is very thankful to it
01[14:16] {@Threei}  it gave me perfect basis for comparisons
[14:16] {Jenh} Hey! Me and my dingy park live in New Jersey!
[14:17] {Jenh} just bc you have the best doesn't mean u can dump on the others :)
[14:18] {nemo} where in Jersey?
01[14:18] {@Threei}  no... if I have the bout of foul mood and have to tak it on someone, I turn to nemo
[14:18] {RonS} sorry but when the nicest place in the State is Princeton you got a problem...
01[14:18] {@Threei}  he can take it, and pay back
[14:18] {Jenh} north where there are parks
[14:19] {nemo} ahhh
[14:19] {nemo} I have family in Cape May
[14:19] {RonS} hey nemo is that other major sub base in Maine or VA?
[14:20] {nemo} THey do repairs in Maine...Ct is the base
[14:20] {RonS} ah
[14:20] {nemo} near Mystic
[14:20] {RonS} surprise there is enough cover there...
[14:20] {RonS} +d
[14:20] {nemo} weirdo
[14:21] {Jenh} haven't been to princeton. just looked it up. no university but it's basically like that here so ha!
[14:21] {nemo} you live in a trailer park?
[14:21] {RonS} lol
[14:21] {Jenh} wow!
[14:21] {nemo} buddy of mine owns one in NJ
06[14:21] * @Threei hands Jen 2x4 with rusty nails, to slap nemo with
[14:21] {nemo} knowing him, it's probably a sitcom down there
[14:22] {Jenh} jen hits memo with rusty nail :)
[14:22] {Jenh} *nemo. memo doesn't deserve it
06[14:22] * nemo eats rusty nails for breakfast, and washes them down with turpentine
01[14:22] {@Threei}  just one? don't be shy, you whole whole 2x4
01[14:23] {@Threei}  *you have
01[14:23] {@Threei}  your dentist is lucky guy
[14:23] {Jenh} jen hits memo with box of rusty nails
06[14:23] * nemo deflects them with The Force
[14:24] {Jenh} i don't know why i keep writing memo but you know it's meant for you
[14:24] {Jenh} just saw the force. lol
[14:24] {nemo} you've been here to long you've become a grammatical miscreant
06[14:24] * @Threei (in deep voice): nemo, jf is your father
[14:25] {nemo} now that's frickin' low
01[14:25] {@Threei}  yes, very low voice
01[14:25] {@Threei}  I practiced it
[14:25] {Jenh} thnx 3i!
01[14:25] {@Threei}  sure thing
[14:25] {nemo} spy at VWAP again, what a surprise
[14:25] {nemo} gonna be a doji of a day
01[14:26] {@Threei} Long Setup:  VXX  .30 break
01[14:26] {@Threei}  If holds  .20
[14:26] {nemo} was just noticing that
01[14:29] {@Threei}  after .35 break stop to .24
[14:38] {nemo} slice and dice afternoon
[14:41] {nemo} so two days after the FED closes out QE3 Japan goes all in
[14:45] {jfjf64} giddie up
01[14:46] {@Threei}  yes please
[14:46] {jfjf64} sell mkt
01[14:47] {@Threei}  1:1
[14:47] {dino} heading out. have great weekend all
[14:48] {jfjf64} enjoy dino
01[14:48] {@Threei}  have fun dino, see you monday
[14:48] {Jenh} have a great weekend dino!
[14:55] {RonS} got .15 vxx thanks 3i
01[14:56] {@Threei}  :)
[14:56] {jfjf64} took .10 ty
01[14:56] {@Threei}  yw
[14:56] {Jenh} got .10 too! thnkx 3i!
01[14:56] {@Threei}  yw :)
[14:58] {RonS} outta here... good weekend to all... and as lms would say:  !
[14:58] {Jenh} bye Ron. have a great weekend!
[14:58] {Jenh} !!!!! :)
01[14:59] {@Threei}  take care ron :)
[15:16] {nemo} gap up above ATH Monday, or profit taking over the weekend?
[15:19] {nemo} don't seem to want to give up 201
01[15:21] {@Threei}  Jen, overview of Oct shots: http://www.arrestinglight.com/blog/2014/10/fall-in-bloom
[15:22] {nemo} easy on your shoulder, Vad
[15:22] {Jenh} thanks
[15:25] {Jenh} it's torture looking at the pics. my trailer looks so much worse now
[15:26] {nemo} you got a doublewide?
[15:26] {Jenh} duh :)
[15:26] {nemo} piece of work
[15:27] {Jenh} why ty
06[15:27] * nemo hears Jeff Foxworthy in his head
[15:30] {Jenh} usually when i meet someone who hasn't been to nj they just ask me about snookie and th jersey shore people.
[15:30] {Jenh} i think jeff is farther south but i could be wrong
[15:30] {nemo} yeah but the mobile home humor applies
[15:30] {Jenh} very true
[15:30] {nemo} especially down in the barrens
[15:31] {nemo} When I'd go through there I'd hear the theme song from Deliverance
[15:31] {Jenh} learning more about nj too. didn't know about the barrens
[15:31] {Jenh} :)
[15:34] {nemo} then of course there's the wilds of Newark and Jersey City
[15:35] {Jenh} been to newark. wouldn't recommend
[15:35] {nemo} nope
01[15:41] {@Threei}  OK guys, no more trades
01[15:41] {@Threei}  thank you all, let's have great relaxing weekend
[15:41] {Jenh} ok. thanks 3i!
01[15:41] {@Threei}  see you Monday
[15:41] {Jenh} have a great weekend everyone!
[15:41] {Jenh} and Happy Halloween!

Thursday, October 30, 2014

Oct 30 2014

Another solid day of nice gains, with this one taking the cake. 1:5, aggressive entry for the breakout on VXX.





Session Time: Thu Oct 30 00:00:00 2014
[09:04] {cosmo}  Bullion not happy without QE?
01[09:04] {@Threei}  who would have doubt that
01[09:05] {@Threei}  I said it long ago... 1000, then under
01[09:05] {@Threei}  then panic starts
[09:05] {cosmo} upward panic?
[09:07] {dino} gm
01[09:07] {@Threei}  dino :)
01[09:08] {@Threei}  downward first...
[09:08] {cosmo} k
[09:08] {RonS} hi guys
[09:08] {cosmo} I'll get the  hang of it...
01[09:08] {@Threei}  ron :)
[09:10] {Jenh} gm everyone!
[09:11] {RonS} morning lms (little miss sunshine)
01[09:11] {@Threei}  jen :)
[09:12] {Jenh} gm Ron! thanks for the nickname
[09:12] {Jenh} if only you knew me :)
[09:12] {RonS} just be glad nemo comes on late...
[09:13] {RonS} he hates morning slautations...
[09:13] {RonS} salutations
[09:13] {Jenh} oh really? didn't realize 
[09:13] {Jenh} i hate mornings too
[09:14] {Jenh} not so much salutations but just the getting out of bed part 
[09:15] {dino} lol ron, lms
01[09:15] {@Threei}  wait... you guys are getting out of bed for trading??
01[09:15] {@Threei}  man... next thing I know you have to actually wake up too
[09:15] {dino} unfortunately yes. banned to the basement office for trading
[09:16] {Jenh} you can stay in bed for trading?! my world has changed
[09:16] {cosmo} a lazy boy is a good compromise
[09:19] {Jenh} that's a good thought too 
[09:21] {RonS} lol avp  they beat for what?...first time in 10 years?
01[09:21] {@Threei}  nemo comes in, I am going to make his morning absolute nightmare
[09:21] {cosmo} and there's the recumbent bike option for the more active among us
[09:21] {Jenh} lol
[09:29] {jfjf64} morin
01[09:29] {@Threei}  jf :)
[09:30] {dino} pcrx? earnings beat
[09:30] {ese} morning
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -V +4.4% (earnings)
01[09:30] {@Threei}  -CRUS +1.6% (earnings)
01[09:30] {@Threei}  -JDSU +3.8% (earnings)
01[09:30] {@Threei}  -LOPE+10% (earnings)
01[09:30] {@Threei}  -ALU+14% (earnings)
01[09:30] {@Threei}  -LAKE +37% (provides bullish update on business activity re: Ebola crisis incl new gov't orders)
01[09:30] {@Threei}  -LVLT +2.9% (to enter S&P500 Index on 11/4)
01[09:30] {@Threei}  ese :)
01[09:31] {@Threei}  Downside:
01[09:31] {@Threei}  -AKAM -2.3% (earnings)
01[09:31] {@Threei}  -GLUU -16% (earnings)
01[09:31] {@Threei}  -KRFT -3.0% (earnings)
01[09:31] {@Threei}  -WTW -8.9% (earnings)
01[09:31] {@Threei}  -RGR -9.0% (earnings)
01[09:31] {@Threei}  -OCN -1.3% (earnings)
01[09:31] {@Threei}  -PRXL -13% (earnings)
01[09:31] {@Threei}  -ARAY -11% (earnings)
01[09:31] {@Threei}  -TWTR -1.6% (VP of engineering said to be in plans to leave company along w/another key engineer)
01[09:31] {@Threei}  -WES -4.5% (prices 7.5M unit offering @$70.85/unit)
01[09:32] {@Threei} Short Setup: MGM  .40 break
01[09:32] {@Threei}  If holds  .50 
01[09:34] {@Threei}  nemo!! Greetings and salutations!! Our day finally makes sense with your entry, our morning beam of joy and the very first ray of smiling sun!!
[09:34] {RonS} shots fired...
[09:34] {RonS} and i guess you hit him...
01[09:35] {@Threei}  no go
[09:37] {cosmo} gee...the man sounds like a real inspiration...
01[09:37] {@Threei} Long Setup:  FB  75 break
01[09:37] {@Threei}  If holds  .90 
01[09:39] {@Threei}  1:2  
01[09:39] {@Threei}  1:3  
01[09:39] {@Threei}  1:1 was skipped
01[09:42] {@Threei} Long Setup:  DAL  .70 break
01[09:42] {@Threei}  If holds  .60 
01[09:45] {@Threei}  no go
[09:47] {dino} \what am i missing on wtw and pcrx?
[09:47] {dino} arii too
[09:47] {RonS} crus beat and raised
[09:50] {dino} sm l crus .15
[09:52] {dino} crus stop .98 -.17
01[09:53] {@Threei} Long Setup:  FB  74 break
01[09:53] {@Threei}  If holds  .90 
01[09:54] {@Threei}  change to .90
01[09:54] {@Threei}  If holds  .80 
01[09:55] {@Threei}  1:1  
01[09:56] {@Threei}  1:2  
[09:56] {nemo} you and your counter trend trades
[09:57] {dino} .00 trig crus
[09:57] {Jenh} is that it?
01[09:57] {@Threei}  well, I prefer trend but after dollar and half drop recversal is kind of a given thing to look for
[09:57] {Jenh} i was trying to figure out how these worked so well
[10:03] {nemo} It's amazing how u whistle through the minefield
01[10:14] {@Threei} Short Setup: TWTR  .20 break
01[10:14] {@Threei}  If holds  .30 
[10:15] {dino} pcrx smr l .73
01[10:16] {@Threei}  Invalidated  
[10:19] {dino} out pcrx 92.10, +1.37
[10:21] {dino} tough crowd
01[10:21] {@Threei}  we envy in grave silence
[10:22] {nemo} you're consistency gets boring
[10:22] {nemo} need to see you bleed heavily 
01[10:22] {@Threei}  you're???
[10:22] {nemo} your
[10:22] {nemo} sorry
[10:22] {Jenh} lol gj dino
06[10:22] * @Threei slaps nemo around a bit with a grammar book
[10:22] {nemo} haven't started drinking this morning
[10:22] {dino} ;)
[10:22] {dino} pcrx dropping back, maybe re-test in works
01[10:25] {@Threei} Long Setup:  CAT  .20 break
01[10:25] {@Threei}  If holds  .10 
01[10:28] {@Threei} Short Setup: FB  .60 break
01[10:28] {@Threei}  If holds  .70 
01[10:29] {@Threei}  Invalidated  FB 
01[10:30] {@Threei}  1:1  CAT 
[10:31] {nemo} ECB to start buying bonds in November
01[10:31] {@Threei}  1:2  
01[10:32] {@Threei}  FB valid again
[10:33] {nemo} jumped
01[10:33] {@Threei}  1:1  
01[10:37] {@Threei}  1:3  CAT 
01[10:37] {@Threei}  out
[10:42] {dino} pcrx wall at .00, keeps hitting and dropping. ranging 89.60s-90
[10:42] {dino} damn, missed it typing this
01[10:42] {@Threei}  grrr FB
01[10:47] {@Threei} Short Setup: FB  .20 break
01[10:47] {@Threei}  If holds  .30 
01[10:48] {@Threei}  1:1  
01[10:49] {@Threei}  see nemo... I go with trend when setup is there :)
01[10:49] {@Threei}  1:2  
01[10:49] {@Threei}  day looks brighter
[10:54] {nemo} FB going for gap close
[11:01] {dino} arii smr l .20
[11:04] {nemo} FB
01[11:05] {@Threei} Long Setup:  VXX  .70 break
01[11:05] {@Threei}  If holds  .60 
[11:09] {dino} amazing rcpt ph2 study keeps the stock up 40 pts
[11:13] {dino} adeed crus calls/time
01[11:13] {@Threei}  no go
[11:17] {dino} out arii .80, +.60
[11:17] {jfjf64} nice
[11:17] {dino} ty
[11:29] {jfjf64} gld
[11:30] {jfjf64} thinkin lower
[11:31] {ese} I am watching........looking for the absolute right moment and then I'm going to pounce with avengence
01[11:32] {@Threei}  I am scared to ask who you are going to pounce at
[11:32] {jfjf64} never heard ya lk that ese
[11:32] {ese}  a stock man!!!!!!!! a stock!!!!!!!!!!!
01[11:32] {@Threei}  drummers can be very dangerous people, jf
[11:32] {ese} hmmmmmm could be the new es jf
[11:32] {nemo} yeah, they think they're musicians
[11:33] {jfjf64} that snare drum went to ya head
[11:33] {ese} big show tomorrow night vad at the Armories ....Fright Night with The Midnights
[11:33] {jfjf64} put a little jjimmy Darren on relax
[11:35] {ese} http://www.marymanningcentre.com/blog/revving-fright-night-midnights
[11:35] {ese} Thats me trying to get the skeleton to sing on mic
[11:37] {ese} heres the poster: http://www.marymanningcentre.com/event/fright-night-midnights
01[11:37] {@Threei}  lol, funny shot ese
[11:42] {ese} tks
[11:43] {nemo} dcc ese
[11:47] {ese} opps sorry......that is actually nemo i'm trying to get to sing on the mic
[11:48] {nemo} mesodactyl
[11:48] {nemo} fb could be a short arund here
01[11:51] {@Threei}  Quantitative easing is officially over in the US and global markets are digesting the Fed's very well-telegraphed move. Meanwhile, US GDP may be good or not so good, depending on your analysis. German October CPI data suggest that Europe is nowhere near getting uninflation under control
[11:54] {nemo} that's probably  the bottom in FB, 76.8 retrace of that swing low to the recent ATH
[11:56] {dino} lol "un"inflation, they are afraid to speak the truth....deflation
[11:59] {nemo} There's no uninflation...I watch containers in the grocery store get smaller all the time...Electricity just went up 37%.  I see clothes prices going up..so much bullshit
[12:00] {cosmo} they once said: Dis-inflation....fwiw
[12:00] {nemo} FB @ inflection point
[12:01] {nemo} spy trying to get to resistance above 199
[12:01] {RonS} down south they say datinflation...
[12:05] {cosmo} so what would be the best deflation plays?
[12:06] {dino} don't think usa has that problem cosmo
[12:07] {nemo} Yeah, it's a lie of statistics
[12:07] {nemo} THere's no deflation
[12:07] {dino} but yuo would short hard assets, or mining stocks, etc
[12:10] {nemo} IWM looks like it's gonna break higher
[12:10] {cosmo} Silver wants $15, for example...
[12:20] {nemo} FB
01[12:21] {@Threei} Short Setup: FB  .15 break
[12:23] {nemo} finnies ready to break higher
[12:23] {Jenh} finnies?
[12:23] {nemo} financials
[12:23] {nemo} XLF
[12:23] {Jenh} ah thx
[12:23] {Jenh} thank you
[12:24] {ese} take care...make a great day all...cya tomorrow
01[12:25] {@Threei}  Invalidated  
[12:44] {nathan} Hi all
01[12:44] {@Threei}  hey nathan
01[12:49] {@Threei} Short Setup: FB  .30 break
01[12:49] {@Threei}  If holds  .40 
01[12:50] {@Threei}  1:1  
01[13:11] {@Threei} Long Setup:  IWM  .10 break
01[13:11] {@Threei}  If holds  114 
[13:12] {Jenh} +.20 on FB, thanks 3!
[13:13] {Jenh} *3i!
01[13:13] {@Threei}  :)
01[13:17] {@Threei}  1:1  
01[13:18] {@Threei}  1:2  
[13:19] {nemo} think that closed the spy gap
01[13:19] {@Threei}  1:3  
01[13:19] {@Threei}  out
01[13:20] {@Threei}  that cements the day as firmly and nicely positive
01[13:20] {@Threei}  whatever you do from this moment on, make sure that prodfit preservation procedure is followed religiously
[13:36] {nemo} boy those are some frickin strange candles
[13:36] {RonS} hearing goofy things happening in the options market...some stocks eg de
[13:38] {RonS} googl moved $3 and options did not budge
[13:38] {RonS} IB says CTA and OPRA report having issues disseminating market data in US stocks and options
[13:38] {dino} arii smr l .90
[13:39] {RonS} plug
[13:40] {RonS} whoa quote data went down on Fidelity
[13:42] {RonS} never seen it happen before...seems restored
01[13:46] {@Threei}  PLUG Ticks higher on chatter of a contract award
[13:47] {nemo} freestockcharts toast
[13:48] {dino} lol, plug, all .08
[13:48] {RonS} all?
[13:49] {nemo} NYSE out
[13:49] {RonS} out of what?
[13:49] {nemo} not functioning
01[13:49] {@Threei}  out of USA?
[13:50] {RonS} russian hack?
[13:51] {Jenh} odd charts on my end. 
[13:51] {Jenh} missing data for 10 min and then starting up again now
[13:51] {Jenh} only for spy tho
[13:53] {RonS} hearing nyse back...
[13:59] {RonS} dino, got any phone numbers?
[13:59] {dino} ???
[13:59] {RonS} ned to call someone to trade arii...
[13:59] {RonS} need
01[14:00] {@Threei}  hehe
[14:00] {dino} yeah, i froze that one
01[14:00] {@Threei}  "trades by appointment"
[14:00] {RonS} moving slower than a freakin train
[14:00] {dino} lol, freight cars
[14:01] {dino} but its up .28
[14:06] {dino} out arii .50, +.60; not bad for a slow og
[14:06] {dino} dog
[14:08] {dino} huh, expected a comment from you ron
[14:08] {RonS} still in
[14:10] {dino} no wonder you were complaining, gl
[14:10] {dino} .60 vwap area
[14:11] {RonS} with this volume those people don't care about vwap...
[14:12] {dino} good point, never considered that
[14:26] {dino} arii, back to 65.60s again imo
01[14:34] {@Threei}  gs!
01[14:34] {@Threei}  man, are you a rare bird these days
[14:35] {goinshort} Been busy with the new house
01[14:35] {@Threei}  gathered as much :)
01[14:35] {@Threei}  as dino says, "real estate distractions"
[14:35] {goinshort} yes it does
01[14:36] {@Threei}  (same justification of slackiness as any hobo)
01[14:37] {@Threei} Long Setup:  VXX  .95 break
01[14:37] {@Threei}  If holds  .85 
01[14:37] {@Threei}  aggressive for 31 break
[14:38] {dino} welcome gs
[14:39] {goinshort} hey dino
[14:40] {nemo} free stock charts starting to work again
[14:41] {jfjf64} wasn't wking
[14:41] {nemo} no shit sherlock
[14:42] {nemo} sheesh
[14:42] {nemo} VWAP trashed now
[14:42] {jfjf64} you don't use vwap on logix
01[14:43] {@Threei}  Invalidated  
[14:43] {nemo} yep, but with quotes across the system fubar, nothing right
[14:43] {RonS} V WAP'd eh?
01[14:45] {@Threei}  you summed nemo's life in 5 letters
01[14:45] {@Threei}  4 of them capitalized
01[14:45] {@Threei} Long Setup:  VXX  .90 break
[14:45] {jfjf64} nemo without vwap
01[14:46] {@Threei}  vwapless
01[14:46] {@Threei}  If holds  .80 
[14:46] {jfjf64} priceless
[14:47] {jfjf64} pricele$$
[14:47] {nemo} wow what a jump in vxx
[14:47] {nemo} wasn't expecting that
01[14:47] {@Threei}  but hey... if he can live lesless, he can overcome anything life throws at him
01[14:48] {@Threei}  1:1  
01[14:48] {@Threei}  1:2  
[14:48] {nemo} that one pissed me off
[14:48] {dino} back in 30 or so
01[14:48] {@Threei}  and that, you vwapless kiddies, how it's done
[14:49] {nemo} probably good to .30ish
[14:50] {jfjf64} 31.30 vwap
01[14:50] {@Threei}  1:3  
[14:50] {nemo} .50 resistance
01[14:51] {@Threei}  this one was for you gs
[14:51] {jfjf64} no shit sherlock
[14:51] {nemo} hehehehe
01[14:51] {@Threei}  lol
[14:51] {jfjf64} lol
[14:51] {nemo} we used to say that to each other as kids
[14:51] {jfjf64} some crew we got here
[14:51] {jfjf64} pricele$$
[14:51] {nemo} Les Le$$ too
[14:52] {jfjf64} le$$ for $ure
01[14:52] {@Threei}  btw, forgot to show you my bvest catch of the last weekend: https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/736992696380248/?type=1&theater
[14:54] {Jenh} is that a peacock???
[14:54] {goinshort} Thanks V! nailed it good! 
[14:54] {jfjf64} that a keeper vg
01[14:54] {@Threei}  yes jen
01[14:54] {@Threei}  gs :)
01[14:54] {@Threei}  1:4
[14:54] {jfjf64} yaaaaaaaaaaaaaaaaa
01[14:54] {@Threei}  1:5
01[14:54] {@Threei}  out
[14:54] {jfjf64} out
[14:55] {nemo} nah, should have put stop under .30
[14:55] {jfjf64} nice vg ty
01[14:55] {@Threei}  :)
[14:56] {jfjf64} take picture that chart vg 
01[14:56] {@Threei}  walked right toward me and sverved last second to get around
01[14:57] {@Threei}  as if played game of chicken
[14:57] {jfjf64} give peacock run for money
01[14:57] {@Threei}  lol
[14:57] {jfjf64} ya liked aggressive entry also
[14:57] {nemo} see how VX holding .30
01[14:57] {@Threei}  my favorite
[14:57] {jfjf64} once hit .30  rocket
[14:58] {nemo} ahhh...vxx
[14:58] {nemo} looks iffy now though
[14:58] {jfjf64} im sorry 31.00
[14:59] {jfjf64} 1:5 got my blood going
[14:59] {nemo} and I thought it was your dog walking around naked in front of you
[14:59] {jfjf64} lol
[15:00] {nemo} Yep, I'm a coupla' sandwiches short of a picnic
[15:00] {jfjf64} ya dow syndrome really kickin in
[15:00] {nemo} "Down" syndrome
[15:00] {jfjf64} I like dow
[15:00] {jfjf64} .30
[15:00] {jfjf64} vxx
01[15:01] {@Threei}  jf, for you: http://tradinglog.realitytrader.com/2014/10/oct-30-2014.html
[15:02] {jfjf64} nice
[15:09] {jfjf64} is that default chart logix
01[15:10] {@Threei}  no
01[15:10] {@Threei}  reconfigured it to my liking
01[15:10] {@Threei}  added BBs with my parameters
[15:10] {jfjf64} I like
01[15:11] {@Threei}  I glad
[15:11] {jfjf64} lol
01[15:11] {@Threei}  :)
01[15:11] {@Threei}  when it comes to butchering english, I best
[15:24] {jfjf64} x
[15:27] {dino} .
[15:30] {dino} ron, you get out of arii?
[15:31] {RonS} ya at b/e...
[15:32] {nemo} so Doug Kass tweets:  Douglas Kass @DougKass
[15:32] {nemo} I am long of Tim Cook and short of Apple.
[15:32] {nemo}  thestreet.com/story/12876150…
[15:32] {nemo} and
[15:32] {nemo} thestreet.com/story/12876150…
[15:32] {nemo} Boy, talk about sticking your chin out
01[15:34] {@Threei}  IWM, looking to enter on pullback unfder .40
01[15:42] {@Threei}  nah, got away
[15:43] {jfjf64} fb
01[15:44] {@Threei}  shoudl have taken .45 instead of trying to be cute
01[15:44] {@Threei}  cute is not my forte anyway, lol
01[15:45] {@Threei}  ok guys, thank you all
[15:45] {jfjf64} ty
01[15:45] {@Threei}  have a great evening, see you tomorrow
[15:45] {Jenh} ty 
[15:45] {jfjf64} enjoy
[15:45] {Jenh} good night everyone!

[15:45] {dino} gn

Wednesday, October 29, 2014

Oct 29 2104

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

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

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

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

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

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

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

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

Key Earnings at the close:
- ABX, AKAM, ALL, BIDU, CAR, CBG, DWA, FLEX, FMC, JCI, KRFT, MET, NE, PPC, RRC, SPN, TEX, TTWO, V

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

TradeTheNews.com

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

Session Start: Wed Oct 29 09:55:35 2014
Session Ident: #discussions
02[09:58] * Attempting to rejoin channel #discussions
03[09:58] * Rejoined channel #discussions
01[09:59] {Threei}  dino, see pm
06[10:00] * dino slaps Threei around a bit with a large trout
[10:01] {dino} just because i can
01[10:02] {@Threei}  was it rainbow trout or steelhead?
[10:02] {dino} steel
[10:03] {dino} azpn .30 trig l
01[10:03] {@Threei}  will do
01[10:03] {@Threei}  mib, see private message please
[10:06] {jfjf64} common hp turn printer ON
01[10:07] {@Threei}  1/4 more out AA
01[10:07] {@Threei}  stop .41 for the last piece
06[10:07] * nemo slaps threei around a bit with an opterygian ganoid
01[10:07] {@Threei}  wth is that
[10:08] {nemo} lungfish of the Devonian Period
01[10:10] {@Threei} Long Setup:  TWTR  .70 break
01[10:10] {@Threei}  If holds  .60
[10:10] {nemo} full red on algo
[10:12] {nemo} sheesh, other people's orders are showing up in my execution blotter...wtf
01[10:12] {@Threei}  profitable?
[10:12] {nemo} have no idea, very unnerving
01[10:13] {@Threei}  stop to .64
[10:13] {jfjf64} ty nemo
[10:13] {jfjf64} algo red
[10:13] {jfjf64} caught vxx
[10:13] {nemo} yw
[10:14] {dino} gj jf
06[10:14] * @Threei slaps jfjf64 around a bit with a large roll of cash
[10:14] {jfjf64} .81 entry
[10:15] {jfjf64} pull bk go again
01[10:17] {@Threei}  mib422, see private message, and this is last time I ask you
06[10:17] * nemo racks the M4
[10:17] {jfjf64} mib careful
06[10:18] * nemo powers up the Eotech
[10:18] {jfjf64} steel boot
01[10:19] {@Threei}  I don't like to be ignored. I have wife for that
[10:19] {RonS} perfect
[10:19] {nemo} get a cat, it's cheaper
01[10:19] {@Threei}  and if I needed someone else to ignore me, I'd marry another one
[10:19] {jfjf64} lol
[10:19] {nemo} too expensive
01[10:19] {@Threei}  hmmm... maybe that's a good idea, let them ignore each other
[10:20] {dino} usna spike
[10:20] {jfjf64} 3i took vitamins today
[10:20] {nemo} friend of mine during his third divorce:  "Every 5-7 years I should just find a woman that hates me and buy her a house!"
01[10:20] {@Threei}  1:3  AA
01[10:20] {@Threei}  out
[10:21] {jfjf64} .01 long vxx
[10:22] {nemo} things should start going quiet
[10:24] {dino} 07 scrolling red
01[10:24] {@Threei}  wow... AA has more
[10:24] {nemo} look at daily, heading for gap
[10:25] {nemo} should test 16ish
[10:26] {jfjf64} dieeeeeeeeeeee
01[10:34] {@Threei}  mib, doubleclick on my name to answer
01[10:36] {@Threei}  you still in jf?
01[10:42] {@Threei}  lol
01[10:42] {@Threei}  mib, either you speak to me or next kick will be with ban
01[10:42] {@Threei}  doubleclick on my name
01[10:44] {@Threei} Short Setup: DAL  39 break
01[10:44] {@Threei}  If holds  .10
03[10:46] * Retrieving #discussions modes...
[10:48] {jfjf64} no die dal
[10:49] {jfjf64} now
01[10:49] {@Threei}  yes please
[10:49] {jfjf64} or feel sorry for mib
01[10:50] {@Threei}  shrug
01[10:50] {@Threei}  he can't say he hasn't been given a chance
01[10:50] {@Threei}  or two
[10:51] {jfjf64} if dal gives us 1:4 get third chance
[10:51] {dino} added sny calls
[10:52] {dino} stc aet calls from yesterday, +1.05 / 29%
[10:52] {jfjf64} g job dino
[10:53] {dino} ty
[10:53] {Jenh} gj!
[10:53] {dino} thx
01[10:54] {@Threei}  can world be this lucky... http://pagesix.com/2014/10/24/cancer-rumors-swirl-around-putin/
[10:54] {dino} lets hope
01[10:56] {@Threei}  1:1  DAL
01[10:56] {@Threei}  forgot to post
[11:06] {jfjf64} how the algo nemo
[11:06] {nemo} mostly red, but there has been no real price change in the spy, so selling isn't intense
[11:06] {nemo} we're into the FED Siesta
[11:07] {nemo} SPY should try to get back to vwap
[11:07] {nemo} IWM looking weak
[11:07] {jfjf64} ty
[11:07] {jfjf64} like iwm long
[11:07] {nemo} look at this story: http://goo.gl/VH74jR
[11:11] {jfjf64} cant make this up
[11:11] {nemo} no...well we are the bluest of states
[11:13] {jfjf64} yhoo  grinding up
[11:38] {jfjf64} slit my rist
[11:39] {dino} i think to say, "gun to the head" time
[11:39] {jfjf64} yeah
[11:39] {jfjf64} thinkin liquid lunch
[11:44] {dino} lol jf, i was just thinking who can i call for happy hour
[11:45] {jfjf64} what a life
[11:45] {jfjf64} lol
[11:45] {jfjf64} long island
[11:46] {jfjf64} love to hv a beer with ya
[11:46] {dino} some day
[11:46] {jfjf64} will do
[11:46] {jfjf64} all the boys
[11:46] {jfjf64} you to jen
[11:46] {Jenh} thanks for including me too :)
[11:47] {Jenh} appreciate it!
[11:47] {Jenh} i guess this had been a boys club for some time before i came
[11:47] {jfjf64} jen how do ya like the course
[11:47] {jfjf64} 111 trades
[11:47] {Jenh} i like it a lot
[11:48] {Jenh} it's really helpful
[11:48] {Jenh} finally starting to see the formations
[11:48] {jfjf64} never looked at it yet
[11:48] {jfjf64} want to
[11:49] {jfjf64} maybe 3i put it in mystocking for christmas
[11:50] {jfjf64} opps mean santa
[11:50] {dino} jen says boys club and 3i kicks her out
[11:50] {jfjf64} lol
01[11:50] {@Threei}  I'd never
[11:50] {dino} i know
[11:50] {jfjf64} 3i has riot gear on today
[11:51] {jfjf64} mib /mia
[11:51] {jfjf64} lol
[11:52] {Jenh} lol
[12:02] {jfjf64} siesta over??
01[12:02] {@Threei}  could be
01[12:02] {@Threei}  watching VXX
[12:02] {jfjf64} me too
[12:03] {dino} mtg at 2:15 right?
01[12:03] {@Threei}  2\
01[12:03] {@Threei}  2:00
[12:04] {jfjf64} another meetin
01[12:05] {@Threei}  ugh
[12:06] {dino} fed i mean, ty
[12:07] {jfjf64} pull bk to .25
[12:07] {jfjf64} wd be nice
[12:07] {jfjf64} vxx
[12:11] {jfjf64} .40 hold .35
[12:11] {jfjf64} ??
01[12:14] {@Threei}  not sure
[12:16] {jfjf64} 5 min wants higher
[12:16] {jfjf64} flag
01[12:19] {@Threei}  The FOMC decision drops later today, and there is little chance the committee will not end the QE bond buying program as expected. All eyes are on whether the "considerable time" language remains a part of the statement or gets removed. Whether it goes now or in December, Fed watchers expect it to be replaced by something similar in spirit but without any calendar-based overtones.
01[12:39] {@Threei} Long Setup:  VXX  .30 break
01[12:41] {@Threei}  If holds  .20
[12:49] {jfjf64} who wants double top
01[12:49] {@Threei}  I am all for those
01[13:05] {@Threei}  LOL, from a friend in Winnipeg: "Tonight I found out what real cold is. My outside thermometer knocked on the window and asked to be let inside"
[13:05] {Jenh} lol
[13:05] {jfjf64} lol
01[13:06] {@Threei}  I don't know how people live in those climes
01[13:06] {@Threei}  most importantly, why
01[13:08] {@Threei}  1:1
[13:08] {jfjf64} forgot was still in'
01[13:09] {@Threei}  lol
01[13:09] {@Threei}  early onset of alzheimer?
[13:09] {jfjf64} 100%
01[13:09] {@Threei}  I sympathize
[13:09] {jfjf64} but I do remember double top
01[13:09] {@Threei}  attention span of a moth is my trademark
01[13:10] {@Threei}  I actually envy a fish that has atention span of 21 seconds, thus can theoretically bit the bait off the same hook 3 times a minute
[13:10] {jfjf64} lol
01[13:12] {@Threei}  Half of Russians expect repeat of Stalin-era repression, poll says
[13:30] {jfjf64} im gonna skip
[13:30] {jfjf64} all enjoy
01[13:30] {@Threei}  take care jf
[13:30] {Jenh} thx. bye jf!
[13:36] {nemo} anybody awake?
01[13:36] {@Threei}  1:2
[13:37] {Jenh} still here
[13:38] {nemo} I see indexes have been dripping lower since I've been gone
[13:38] {nemo} wow FDX number 1 weak stock
[13:45] {nemo} mmmhhhh Dax closed almost flat
[13:45] {dino} .
[13:46] {Jenh} dammit. my computer just said i have a virus and i can't have the scanner on with etrade running
[13:46] {Jenh} i have to go.
[13:46] {Jenh} gl trading evreyone
[13:46] {Jenh} perfect timing too
01[13:46] {@Threei}  strange
[13:46] {Jenh} see you tomorrow!
[13:46] {Jenh} i know
01[13:46] {@Threei}  what does virus have to do with scanner?
[13:46] {Jenh} virus scanner
[13:46] {Jenh} not stock scanner
01[13:46] {@Threei}  ah
[13:47] {Jenh} take care!
01[13:47] {@Threei}  you too
[13:54] {dino} bbsi hard drop
[13:56] {dino} vxx, tlt, tbt
[13:57] {dino} smr l vxx .07
[13:57] {nemo} we should get the cha cha cha...third cha likely the direction
[13:58] {dino} down, up, down
[13:58] {nemo} or up, down, up
[13:58] {dino} lol
[13:58] {dino} place your bets
[13:58] {nemo} I'll wait for the shake
01[13:59] {@Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%: FED COMPLETES TAPER OF BOND PURCHASES, AS EXPECTED;
01[13:59] {@Threei}  Vote 9-1 (Kocherlakota (dove) dissented)
[14:02] {dino} out vxx .37, +.30
01[14:03] {@Threei}  it likely will be appropriate to maintain the 0 to 1/4 percent target range for the federal funds rate for a considerable time following the end of its asset purchase program this month, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. However, if incoming information indicates faster progress toward the Committee's employment and inflation objectives than the Committee now expects, then increases in the target range for the federal funds rate are likely to occur sooner than currently anticipated. Conversely, if progress proves slower than expected, then increases in the target range are likely to occur later than currently anticipated.
01[14:03] {@Threei}  the art of saying nothing
[14:06] {nemo} look for 197 spy test 50 day around 196.80
[14:08] {nemo} o.k. 197.10 test
[14:09] {nemo} this is the second cha, looks like down soon
01[14:13] {@Threei}  think so too
01[14:14] {@Threei}  thur she blows
[14:15] {nemo} could argue long here for a bounce
[14:16] {nemo} here's 50 day
[14:16] {nemo} algo getting redder
01[14:17] {@Threei} Long Setup:  VXX  .5\0 break
01[14:17] {@Threei}  If holds  .40
01[14:18] {@Threei}  too fast moves
[14:18] {nemo} Hawaii 5/0?
01[14:18] {@Threei}  disregard for now
[14:19] {dino} added db calls
01[14:19] {@Threei} Long Setup:  VXX  .40 break
01[14:19] {@Threei}  If holds  .30
01[14:21] {@Threei}  nah
01[14:21] {@Threei}  turned 1 cent from 1:1
[14:22] {nemo} spy gonna test the .80 level and vwap right above 198
[14:22] {nemo} this .50 level first resistance
[14:22] {nemo} vxx vwap .18
[14:24] {dino} adpt spike
[14:25] {nemo} could argue VXX long here
[14:26] {nemo} IWM strong
[14:27] {dino} down, now up, shold drop again
[14:27] {dino} should
01[14:27] {@Threei} Long Setup:  VXX  .10 break
01[14:27] {@Threei}  If holds  31
[14:27] {nemo} looks good Vad
01[14:27] {@Threei}  1:1
[14:28] {nemo} spy having trouble with .80 area and iwm with 200day/vwap
[14:28] {dino} damn missed it, was at 31.00
[14:28] {nemo} how'd you miss it went to .95
[14:28] {dino} went after the bounce, thought it would come back
[14:28] {nemo} looks like spy gonna test resistance near vwap
[14:29] {nemo} it just did
[14:29] {dino} cx
[14:29] {nemo} wait until they take 198 stops on spy
[14:29] {nemo} vwap @ that 198.10 resistance, they'll try to push to .20
[14:31] {dino} going w/o me again
[14:31] {nemo} did you always go home alone from the bar dino?
01[14:31] {@Threei}  hectic eh?
[14:31] {dino} lol
01[14:31] {@Threei}  lol
06[14:32] * @Threei hands dino a bar stool to slap nemo with
[14:32] {dino} nah, i'll just buy him a shot
06[14:32] * nemo turns the barstool over so Dino can sit down
[14:32] {nemo} what caliber Dino?  ;-)
[14:33] {dino} flavor, tequila
[14:33] {dino} cabo or patron
[14:33] {nemo} you buyin' I'm drinking
[14:33] {dino} tequila is liquid cocaine
[14:33] {nemo} Oh, yeah, Patron was featured at a coupla' book nights
[14:33] {nemo} Ahhhh...no, sorry Dino, my extensive experience disagrees with you
[14:34] {dino} azpn sm l .00
[14:34] {dino} lol, wakes me up
[14:35] {nemo} wow
[14:35] {nemo} there was nothing worse than running out of coke and after having been drinkin for hours...all of a sudden you are really drunk...been 30 years...frankly, don't even like thinking about it
[14:36] {dino} drugs were not my thing, but booze, as the cool aid guyy says, "oh yeah"
[14:36] {nemo} these days I shoot Nyquil
[14:37] {nemo} looks like 198.10 resistance with vwap roof
[14:37] {nemo} mmmhhhhh....Vad....can you snort Viagra?
[14:37] {nemo} Ese would probably know
01[14:38] {@Threei}  well, there is russian all-female band under that name
[14:38] {nemo} viagra snorters?
[14:38] {nemo} what? do they deliver it orally as a topical?
01[14:39] {@Threei}  have a look, your questions will be answered: https://www.youtube.com/watch?v=FwCG3tdKlGA
[14:42] {nemo} mmmhhh....they definitely rate
[14:43] {nemo} http://goo.gl/49EEA2
01[14:45] {@Threei} Long Setup:  VXX  .25 break
01[14:45] {@Threei}  If holds  .15
01[14:46] {@Threei}  1:1
01[14:46] {@Threei}  1:2
01[14:47] {@Threei}  1:3
01[14:47] {@Threei}  good girl
01[14:48] {@Threei}  jf will be so sorry he quit early today
[14:48] {dino} gj
01[14:49] {@Threei}  ty
[14:53] {jfjf64} jf is back and sick
01[14:53] {@Threei}  thought so
[14:55] {jfjf64} gld got whacked
01[14:55] {@Threei} Short Setup: GLD  ./60 break
01[14:56] {@Threei}  daily is horrific
01[14:56] {@Threei}  this thing is going to crash and vurn
01[14:56] {@Threei}  burying hordes of goldbugs under its wreckage
[14:57] {dino} bonds spike
[14:58] {jfjf64} wow spy
[14:58] {dino} think its 2 sided 3i
[14:59] {dino} break .70 and up imo
01[14:59] {@Threei}  probably
[15:01] {dino} azpn to b/e
[15:02] {cosmo} gold selling as earnings dissapoint, right?
[15:03] {jfjf64} common hit it boys
01[15:03] {@Threei}  lol
01[15:03] {@Threei}  it has also cut dividend
[15:03] {cosmo} :)
01[15:04] {@Threei}  1:1
01[15:04] {@Threei}  1:2
[15:04] {dino} you were right 3i, gj
01[15:04] {@Threei}  1:3
01[15:04] {@Threei}  :)
[15:05] {jfjf64} good find jf
01[15:05] {@Threei}  1:4
01[15:05] {@Threei}  out
01[15:05] {@Threei}  now, in my wife's interpretation it shounds this way: you were right, again... sheesh, just how irritating this is
[15:06] {dino} azpn to .30
[15:07] {dino} to .40
[15:07] {jfjf64} fb
[15:08] {cosmo} 3i you're not being ignored...that's key...
[15:08] {jfjf64} good sell gld
[15:08] {jfjf64} luv it
01[15:09] {@Threei}  yes cosmo, my options range from being ignored to being irritating :)
[15:09] {cosmo} i c
01[15:10] {@Threei}  isn't it nice to have options
[15:11] {jfjf64} twtr
[15:14] {dino} out azpn .60, +.60
[15:14] {jfjf64} nice dino
[15:14] {dino} thx
01[15:37] {@Threei} Long Setup:  FB  .80 break
01[15:37] {@Threei}  If holds  .70
01[15:38] {@Threei}  actually let's make stop .74
01[15:38] {@Threei}  time's an issue
01[15:38] {@Threei}  tail bottomed there
01[15:39] {@Threei}  and no need to risk much at the end of another great day
[15:46] {jfjf64} to the moon alice
01[15:47] {@Threei}  1:1
[15:47] {nemo} spy looks short here
01[15:48] {@Threei}  no time
01[15:51] {@Threei}  1/4 more out
[15:52] {jfjf64} me done
[15:52] {jfjf64} ty vg
01[15:54] {@Threei}  yw
01[15:54] {@Threei}  these days are so worthy of waking up, lol
[15:55] {jfjf64} for sure
[15:55] {jfjf64} see all tommoroww
01[15:55] {@Threei}  OK guys, thank you all
[15:55] {dino} calling it a day, thx all, gn
01[15:55] {@Threei}  have a great evening, see you tomorrow