Thursday, January 8, 2015

Jan 08 2015

Slightly negative for the day, as gap'n'stall defines the session. Ended with nice win that alnost took the day to b/e

Session Time: Thu Jan 08 00:00:01 2015

[09:14] {nemo} sheesh it was -6f when I got up
01[09:14] {@Threei}  I need permanent F-C translator...
[09:15] {Raven} -7F here in SW Michigan
[09:16] {RonS} unreal +48 here in Denver
01[09:17] {@Threei}  OK... around 50 here
[09:17] {Raven} shaddup
01[09:17] {@Threei}  yes sir
[09:17] {Raven} like frickin' Winnipeg here
01[09:17] {@Threei}  but you can always look up Winnipeg to feel better
01[09:17] {@Threei}  lol
[09:18] {dptl} gm
01[09:18] {@Threei}  dp :)
[09:18] {cosmo} 56F :)
[09:19] {Raven} oh please cosmo
[09:19] {cosmo} =13C
[09:19] {nemo} this guy was an awesome writer:
[09:24] {cosmo} Deep freeze sends market bears into hibernation
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -BIND +51% (updates Phase 2 BIND-014 trial & outlined '15 strategic overview)
01[09:26] {@Threei}  -NBIX +24% (Phase 3 study of Elagolix)
01[09:26] {@Threei}  -RECN +7% (earnings)
01[09:26] {@Threei}  -S +6.9% (prelim Q3 platform net adds 967K v. 827K)
01[09:26] {@Threei}  -ARO +6.2% (raised Q4 guidance)
01[09:26] {@Threei}  -MNKD +6.2% (earned $50M milestone payment from SNY)
01[09:26] {@Threei}  -URBN +6% (Dec/holiday SSS)
01[09:26] {@Threei}  -SMRT +5% (Dec SSS)
01[09:26] {@Threei}  -ISIS +3.8% (guided FY14 pro forma net operating loss in mid-high teens)
01[09:26] {@Threei}  -NVS +2.1% (FDA panel unanimously supports EP2006 for preventing infections during chemotherapy)
01[09:26] {@Threei}  -CYTR +22% (phase 2 data)
01[09:26] {@Threei}  -CONN +8% (Dec SSS)
[09:26] {nemo} yeah ISIS went up after the Paris shootings
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -INFI -14% (Phase 2 study of Duvelisib missed primary endpoint)
01[09:27] {@Threei}  -PODD -8 (guided Q4 lower)
01[09:27] {@Threei}  -AFSI -5% (priced 3M share offering for net proceeds at $150M - implies price of $50)
01[09:27] {@Threei}  -STML -5% (offering common stock of indeterminate amount & licensing deal of small molecule reversible inhibitor of Exportin-1 (XPO1))
01[09:27] {@Threei}  -GWPH -4.8% (first of three Sativex Phase 3 pain trials failed to meet endpoint)
01[09:27] {@Threei}  -ALXN -3.7% (Phase 2 trial of Eculizumab did not meet primary endpoints)
01[09:27] {@Threei}  -WDFC -3% (earnings)
01[09:31] {@Threei} Long Setup:  VXX  .55 break
01[09:31] {@Threei}  If holds  .50
01[09:34] {@Threei}  meh
[09:34] {nemo} going for the overnight high in the futes
01[09:36] {@Threei} Short Setup: FB  .35 break
01[09:36] {@Threei}  If holds  .45
01[09:36] {@Threei}  Invalidated
[09:38] {dptl} wll 29 break short?
[09:39] {dptl} inval
[09:39] {nemo} they're driving the futures
01[09:39] {@Threei} Long Setup:  FB  .55 break
01[09:39] {@Threei}  If holds  .45
01[09:40] {@Threei}  change to .50
[09:40] {nemo} two way
01[09:40] {@Threei}  If holds  .40
[09:42] {nemo} short .44
01[09:42] {@Threei}  Invalidated
[09:42] {nemo} stop above .50
[09:42] {nemo} 1:1
[09:42] {nemo} stop to .40
01[09:43] {@Threei} Long Setup:  TWTR  .30 break
01[09:43] {@Threei}  If holds  .20
01[09:43] {@Threei}  1:1
[09:43] {dptl} lol
01[09:45] {@Threei} Long Setup:  VXX  .60 break
01[09:45] {@Threei}  If holds  .50
[09:46] {nemo} out
[09:46] {nemo} should stop just above .50
01[09:49] {@Threei}  come on already SPY, gravity exists
[09:50] {nemo} shoulda' held my original stop
[09:50] {nemo} spy likely to test R3 @.90 which puts it in spitting distance to 205
01[09:52] {@Threei}  there is so much air under it, should let some out first
01[09:52] {@Threei}  1:1
[09:53] {dptl} twtr .10 break short?
[09:54] {dptl} no..inv
01[09:54] {@Threei}  dp, not first 30 min
[09:58] {dino} pcrx smr l .86
01[10:00] {@Threei} Long Setup:  TWTR  .35 break
01[10:00] {@Threei}  If holds  .25
01[10:01] {@Threei}  trail to .29 after .40 break
01[10:02] {@Threei}  1:1
01[10:05] {@Threei} Long Setup:  C  .80 break
01[10:06] {@Threei}  If holds  .70
01[10:10] {@Threei}  no go
[10:10] {dptl} out
[10:10] {JoebiWan} out twtr, ty
[10:10] {nemo} spy 61.8 retrace right here
01[10:10] {@Threei}  yw
01[10:11] {@Threei}  dp, have you taken VXX and TWTR?
[10:11] {dptl} no, just took c
01[10:11] {@Threei}  pray tell why
01[10:12] {@Threei}  neither was difficult to get in
01[10:13] {@Threei}  we spoke about 200 times that your picking and choosing ruins the system
01[10:13] {@Threei}  then you complain about having bad day
01[10:13] {@Threei}  and then do the same thing next day
[10:15] {nemo} spy gap close coming BTFD!!!
[10:18] {nemo} not a single red stock on the algo 44 strong/44green
01[10:18] {@Threei} Long Setup:  FB  .85 break
01[10:18] {@Threei}  If holds  .75
01[10:18] {@Threei}  1:1
[10:19] {dptl} turn up stock and its at .93
01[10:21] {@Threei}  of course
01[10:21] {@Threei}  why have you skipped those two cvalls?
01[10:21] {@Threei}  -v
01[10:21] {@Threei}  you even asked me about another stock while VXX was in play
01[10:22] {@Threei}  are you firmly determined to continue self-sabotage to the bitter end?
[10:22] {dptl} twtr i just symply missed....and vxx i just didt understand
01[10:23] {@Threei}  TWTR was slow enough for entry
01[10:23] {@Threei}  and we have made an agreement
01[10:23] {@Threei}  I don't care what you understand, you promised to take trades called
01[10:23] {@Threei}  and to ask about yor own, and take them only on confirmation
[10:26] {dptl} yes, will do that now....i just want to understand the reason for trade, and when i dont understand i just have hard time to press that button
01[10:27] {@Threei} Long Setup:  TNA  .20 break hl
01[10:27] {@Threei}  sorry, I am not launching into that discussion for upteenth time
01[10:27] {@Threei}  I thought we were done with that
01[10:28] {@Threei}  Invalidated
[10:32] {dptl} vlo .80 brak short?
[10:32] {dino} out pcrx 87.36, +1.50
[10:32] {JoebiWan} nice
01[10:32] {@Threei}  wtg
[10:32] {RonS} gj
[10:32] {dino} ty
[10:39] {dptl} dal .60 break short?
01[10:41] {@Threei}  yes
[10:45] {dptl} stopped
01[10:45] {@Threei}  of course
[10:45] {nemo} shorting today, close .43 spy, then maybe
[10:48] {nemo} gap close now let's see if they're serious
[10:48] {nemo} DP, you need to look at the bigger were pissing into the wind on that short
[10:54] {nemo} CAT weak
[11:08] {JoebiWan} xom .10 break?
01[11:08] {@Threei}  nah
01[11:08] {@Threei}  50 cents run up
01[11:09] {@Threei}  with just one red bar
[11:13] {nemo} waiting on 11:30 europe close
01[11:16] {@Threei}  revresal should be close
[11:18] {dptl} yhoo?
01[11:18] {@Threei} Long Setup:  VXX  31 break
01[11:18] {@Threei}  If holds  .90
01[11:20] {@Threei}  Invalidated
01[11:20] {@Threei}  for now
01[11:21] {@Threei}  WASHINGTON - Facing tight budgets and a shrinking military, the Pentagon said on Jan. 8 it was ending operations at an air base in Britain and handing it and 14 other sites in Europe back to their home governments in a move projected to save $500 million annually.
01[11:24] {@Threei}  valid again
[11:25] {dino} just what putin wants
01[11:25] {@Threei}  remind me again, how many billions fed was pouring in every month during QE3?
01[11:26] {@Threei}  but now haklf billion a year is so important that we withdraw from Europe, right when it's under war threat first time since WW2?
01[11:39] {@Threei}  let's trail to .94
01[11:39] {@Threei}  long stall
01[11:41] {@Threei}  lose that .45 already SPY
01[11:41] {@Threei}  and crash
01[11:41] {@Threei}  1:1
[11:42] {nemo} It is inherently difficult to organize anarchists. - Will Spencer
01[11:43] {@Threei}  tell me you took it dp
[11:43] {dptl} yes out some at 1:1 ty
01[11:43] {@Threei}  wow
01[11:43] {@Threei}  I am impressed
01[11:44] {@Threei}  I disagree nemo
01[11:44] {@Threei}  it's easy - just tell them that their orders are to remain disorganized
[11:46] {dino} afsi sm l .01
[11:51] {RonS} afsi secondary today at $50
[11:52] {dino} yeah, saw that
[11:57] {RonS} ulta looks toppy
[11:59] {RonS} volume too low to do much
01[12:01] {@Threei}
[12:08] {dino} out afsi .25, +.24
01[12:11] {@Threei}  1:2
01[12:11] {@Threei}  wow... took its sweet time
01[12:11] {@Threei}  30 min between 1:1 and 1:2
01[12:13] {@Threei}  will try for 1:4
01[12:13] {@Threei}  1:3
[12:13] {dptl} all out ty
01[12:14] {@Threei}  yw
01[12:21] {@Threei}  The lower weekly jobless claims numbers plus hopes for another ~250K print in the December non-farm payrolls report tomorrow are helping sustain today's rally. In Europe, signs of deflation in the November PPI data and poor German factory orders may have assisted the run higher, placing even more pressure on the ECB to launch QE right away. With risk on, the 10-year yield is back above 2.0% as yield curve steepens
01[12:21] {@Threei}  WTI crude is just shy of $49, just below the level seen over the last 24 hours. Analysts continue to predict a recovery in prices in 2015. BoA said WTI would close out the year at $82 and Brent at $87, although the firm was saying just yesterday that Brent could test $40 in near term and WTI could test $35.
01[12:37] {@Threei} Long Setup:  YHOO  50 break
01[12:37] {@Threei}  If holds  .90
01[12:42] {@Threei}  1:1
[12:50] {dptl} out on trail yhoo
[12:53] {dptl} jpm .45 break short?
01[12:54] {@Threei}  not here not there
[12:54] {dptl} ok
[12:55] {dptl} what about wmt?
[12:56] {dptl} .25 break sh ?
01[12:56] {@Threei}  are you ao eager to take the trade after trade after trade when market is frozen?
01[12:56] {@Threei}  why are you in this hyperactive trade search mode at this time of the day?
01[12:57] {@Threei}  YHOO was impossible to resist C&H, clean as a whistle, one of the best chart patterns out there
01[12:58] {@Threei}  all these you list are mediocre setups at best, having beetter than average chance to work only in a very strong trend
01[12:58] {@Threei}  during lunch time on a large gap up day, during market stall?
[12:58] {dptl} ye you right...
01[12:59] {@Threei}  hell, you'd have to hit my fingers with a hummer to make me take any of these
01[13:00] {@Threei}  look how both of them do absolutely nothing
[13:00] {dptl} yes
[13:05] {RonS} kate spanked
01[13:06] {@Threei}  lol
01[13:14] {@Threei} Long Setup:  JPM  .55 break
01[13:14] {@Threei}  If holds  .45
01[13:18] {@Threei}
[13:19] {JoebiWan} lol Ron, just saw that
[13:19] {RonS} lol 3i...perfect
01[13:19] {@Threei}  :)
[13:34] {nathan} hi gents
01[13:34] {@Threei}  hey nathan
[13:34] {nathan} how was it?
01[13:34] {@Threei}  decent
[13:34] {nathan} nice rally this morning
01[13:39] {@Threei}  got good 1:3 on VXX too when SPY pulled back
01[13:40] {@Threei}  hat, private message please
[13:40] {nathan} gj men
[13:44] {nathan} why vxx is not shortable?
01[13:46] {@Threei}  hat, asnwer private message
[13:50] {nemo} use xiv nathan
[13:51] {nathan} vxx is the ETN inverse  of xiv?
01[13:51] {@Threei}  rather XIV is inverse of VXX
[13:52] {nathan} right
[13:53] {RonS} true story...when younger knew an older guy named Hatton so went by Hat...a real character who had been a barnstormer in the '20's... one night he got up to go to the bathroom... the wife's cat had crapped on the floor and he stepped in it... hat got a gun and shot the cat...
01[13:54] {@Threei}  tell me wife got a gun and shot him
[13:55] {RonS} she told the story to me and laughed about it...
01[13:55] {@Threei}  now I want to shoot both
[13:56] {RonS} well, both have passed so you will have to wait...
01[13:56] {@Threei}  oh well
01[13:57] {@Threei}  at least I hope that cat was the first to greet them there, with a good smack on the head
[13:57] {nathan} hat didnt answer?
01[13:57] {@Threei}  did
01[13:58] {@Threei}  don't see news for this sharp selling
[13:59] {dptl} stopped jp
[13:59] {RonS} oil crashing again sub 48
[14:02] {RonS} rtrx gone pulp
[14:03] {RonS} $RTRX gets FDA Orphan Designation for Sparsentan for treatment of Focal Segmental Glomerulosclerosis
01[14:04] {@Threei} Long Setup:  VXX  .35 break
01[14:04] {@Threei}  If holds  .25
01[14:05] {@Threei}  Invalidated
[14:08] {dptl} .20 break ?vxx
01[14:08] {@Threei}  can't tell
[14:09] {dptl} ok
[14:17] {RonS}
01[14:18] {@Threei}  lol
01[14:26] {@Threei} Long Setup:  IWM  .65 break
01[14:26] {@Threei}  .c .55
01[14:27] {@Threei}  If holds  .55
01[14:28] {@Threei}  SPY looks to me like going to day high
[14:29] {RonS} crude back to 49ish
01[14:32] {@Threei}  1:1
[14:32] {dino} feels that way 3i
[14:32] {dino} can't take it down, so up it goes
01[14:33] {@Threei}  yeah, gravoty has been canceled
01[14:33] {@Threei}  gravity
[14:35] {dptl} out trail iwm
01[14:43] {@Threei}  divergence IWM/SPY
01[14:43] {@Threei}  too bad... SPY new highs
[14:51] {nemo} so, is this a setup for NFP numbers tomorrow
[14:57] {dino} boring afternoon. 2 trades positive in am, nothing else
[14:57] {dino} no spikes, no drops
01[14:57] {@Threei} Short Setup: DAL  48 break
[14:58] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[14:58] {@Threei}  If holds  .10
01[14:58] {@Threei}  large gap day, and no news, dino...
[14:58] {dino} i understand
[14:58] {nemo} typical V bottom
[14:58] {nemo} higher low
01[14:59] {@Threei}  *(US) NOV CONSUMER CREDIT: $14.08B V $15.0BE
01[15:00] {@Threei}  no go
[15:01] {dptl} stopped dal
[15:02] {nathan} gents have a good night
[15:02] {nemo} vaya con pollo
01[15:03] {@Threei}  take care nathan
[15:03] {dino} pollo?
[15:03] {RonS} lol
[15:03] {nathan} con pollo?
[15:03] {nathan} wtf??? ;-)
[15:03] {nemo} already used diablo, first thing that came to mind
[15:03] {dino} why not chicas
[15:03] {nemo} what no se gusta pollo?
[15:03] {dptl} cop .10 break short?
01[15:04] {@Threei}  no
[15:04] {dptl} ok
01[15:04] {@Threei}  it's a long of anything
[15:05] {dino} dp, "be water"
[15:05] {nemo} oh jeez
[15:05] {nemo} don't get me started
01[15:05] {@Threei}  nemo: be vodka
[15:05] {RonS} go take a leak?
[15:05] {nemo} Bruce Lee and his pop Taoism
[15:06] {dino} c'mon, he's fighting the current
[15:06] {nemo} who is
[15:06] {dino} dp
[15:07] {dptl} you know...i just ..again... dont know what to be...killing myself slowly again...
[15:08] {dino} you remind me of magoo. always have to have a trade on.
[15:09] {dptl} i am doing about 50percent less trades now...
01[15:09] {@Threei}  day after day, same story. You follow our agreement, you do much better. You break it, it's a train wreck
[15:09] {dino} wait for your edge, cut your tading in half or more, take yuor high percentage trades
[15:09] {nemo} you also don't see the bigger picture of the market and it's implications
01[15:09] {@Threei}  why the hell do you "not know what to do," is beyond me
[15:09] {nemo} we ground up, and stayed in a relatively tight range.
01[15:09] {@Threei}  do what we discussed and agreeed you do
01[15:10] {@Threei}  why is it always "I took all losing trades, I skipped all winning ones??"
[15:10] {nemo} only index to drop to vwap today were the finnies
[15:10] {dino} no point in pushing a stuck gap up market. just relax, sit back and wait
[15:10] {RonS} ande  used to be andes...
[15:10] {nemo} so basically should be long trades only
[15:11] {nemo} on top of that grind up days tend to give fewer good setups
[15:11] {dptl} i took 7 of your trades today Vad...didt trade anything mine
01[15:11] {@Threei}  didn't you say you skipped some?
01[15:11] {@Threei}  so did yesterday
[15:11] {nemo} early ones
01[15:11] {@Threei}  "I don';t know why I didnt"
[15:12] {dptl} missed couple, but stayed with yours till the end
[15:14] {dptl} i even turned everything off, left only two charts on my screen
[15:19] {RonS} kate says:  wtf? who ever paid any attention to BMO?
01[15:19] {@Threei} Long Setup:  JPM  .60 break
01[15:20] {@Threei}  If holds  .52
01[15:21] {@Threei}  change to .55 break
01[15:21] {@Threei}  If holds  .50
[15:29] {nemo} these new bunny treats taste pretty good
01[15:30] {@Threei}  you incur from her reaction or taste them yourself?
[15:31] {nemo} myself
01[15:32] {@Threei}  well... someone took advice "be vodka" literally
[15:32] {nemo} be the bunny
[15:32] {RonS} lol
01[15:33] {@Threei}  have to disappoint you - there was no successful attempt to replace all the blood in one's body by vodka in history of a mankind
01[15:33] {@Threei}  partial successes, yes... Russian experimentators cam as close as possible
[15:33] {nemo} chop chop chop into the close
01[15:34] {@Threei}  yeah, that's why I am try for aggressive entries with tight stops only
[15:34] {nemo} I had a couple of successful vxx scalps this afternoon, that's it
01[15:34] {@Threei}  meh
01[15:45] {@Threei} Long Setup:  IWM  .55 break
01[15:45] {@Threei}  If holds  .50
01[15:47] {@Threei}  half out
01[15:47] {@Threei}  stop to .54
01[15:51] {@Threei}  thank you all, have a great evening
01[15:51] {@Threei}  see you tomorrow
[15:53] {dino} gn all
[15:53] {JoebiWan} gn
[15:53] {dptl} gn all
[15:53] {dino} gn all
[15:53] {JoebiWan} gn
[15:53] {dptl} gn all
[15:57] {dptl} out more iwm ty
[15:59] {dptl} all out .74