Thursday, January 22, 2015

Jan 22 2015

Catch of the Day, ascending triangle break on JPM 

(Chart courtesy of brokerage)

Session Time: Thu Jan 22 00:00:00 2015
[08:41] {dino} gm
[08:45] {JoebiWan} gm
01[08:50] {@Threei}  morning guys
[09:17] {RonS} gm...dateline Berkeley CA:  Unknown person(s) placed two skinned boar's heads on the lid of a dumpster of a popular vegan restaurant...police are debating whether or not to pursue the matter as a "hate crime"...
01[09:17] {@Threei}  ron :)
01[09:18] {@Threei}  I think he was just trying to make them see whose food they were eating
[09:19] {dptl} gm
[09:20] {RonS} the hate crime thing is what is rich with irony...when everything is a hate crime why have the distinction? freakin liberals...
01[09:20] {@Threei}  dp :)
[09:27] {RonS} At least 41 Ukraine soldiers, civilians killed in 24 hours: officials
01[09:27] {@Threei}  fighting really flared up over last week or so
01[09:31] {@Threei} Long Setup:  TWTR  38 break hl
01[09:31] {@Threei}  If holds  .90 
01[09:31] {@Threei}  lol
01[09:31] {@Threei}  in
01[09:32] {@Threei}  1:1  
01[09:32] {@Threei}  thank you kind soul who sold to my bid
01[09:35] {@Threei} Long Setup:  IWM  116 break
01[09:35] {@Threei}  If holds  .90 
01[09:36] {@Threei}  Upside:
01[09:36] {@Threei}  -CYN +18% (being acquired by RY)
01[09:36] {@Threei}  -CYTR +13% (survival rates for Phase 2b Aldoxorubicin trial)
01[09:36] {@Threei}  -FWM +9% (no news)
01[09:36] {@Threei}  -LOGI +8.5% (earnings)
01[09:36] {@Threei}  -BBRY +5% (Samsung reportedly continuing takeover or acquisition of significant stake efforts)
01[09:36] {@Threei}  -LUV +4.3% (earnings)
01[09:36] {@Threei}  -URI +3.4% (earnings)
01[09:36] {@Threei}  -EBAY +3.2% (earnings)
01[09:36] {@Threei}  no go
01[09:36] {@Threei}  Downside:
01[09:36] {@Threei}  -FFIV -15% (earnings)
01[09:36] {@Threei}  -SNDK -7% (earnings)
01[09:36] {@Threei}  -XLNX -6.5% (earnings)
01[09:36] {@Threei}  -XXIA -4.2% (no news)
01[09:36] {@Threei}  -DFS -3.7% (earnings)
01[09:36] {@Threei}  -MDVN -3.3% (Phase 2 trial of PFS in prostate cancer met primary endpoint)
01[09:38] {@Threei} Long Setup:  FB  .20 break
01[09:38] {@Threei}  .10
01[09:38] {@Threei}  If holds  77 
01[09:39] {@Threei}  change to 77 break
01[09:39] {@Threei}  If holds  .90 
01[09:39] {@Threei}  1:1  
[09:41] {RonS} dlb sm l .22 s/l lod
[09:43] {RonS} s/l be
01[09:45] {@Threei} Long Setup:  IWM  .70 break
01[09:45] {@Threei}  If holds  .60 
01[09:46] {@Threei}  change to .50 break
01[09:46] {@Threei}  If holds  .40 
[09:46] {nemo} not yet
01[09:46] {@Threei}  no... was trying for double bottom
[09:46] {dino} ptct drop
[09:47] {dino} thin
[09:50] {RonS} trail stop dlb .55 +.33
[09:51] {dino} ptct sm l .30 wide
01[09:51] {@Threei} Long Setup:  FB  .90 break
[09:51] {dino} gj ron
01[09:51] {@Threei}  If holds  .80 
01[09:51] {@Threei}  1:1  
01[09:53] {@Threei}  1:2  
[09:56] {RonS} cof hacking
01[09:56] {@Threei}  lol
[09:59] {dino} aavl avalanche continues
01[10:00] {@Threei}  (EU) EURO ZONE JAN ADVANCE CONSUMER CONFIDENCE: -8.5 V -10.5E
[10:01] {dino} aspx blood
[10:01] {dino} bio blood in general
[10:02] {RonS} all the secondaries... but now bouncing
[10:02] {RonS} clvs vrtx pcrx gwre
[10:03] {dino} not alny, aavl, ptct, agio, pbyi
[10:04] {RonS} buy xyz is solid
[10:04] {RonS} but
[10:05] {RonS} hey fish, how's the gig?
[10:05] {fish_49} going well thanks  Hey all
[10:05] {nemo} anybody smell that?
01[10:05] {@Threei}  hey fish
[10:05] {fish_49} Hey the guy above
01[10:05] {@Threei}  lol
01[10:06] {@Threei} Long Setup:  JPM  .20 break
01[10:06] {@Threei}  If holds  .10 
[10:06] {dino} hey fish
[10:06] {dino} sm l aavl .65 
[10:06] {fish_49} Dino
01[10:08] {@Threei}  stop to .14
[10:11] {dino} agio vsm l .99
[10:12] {dino} stx spike
[10:13] {RonS} $STX hearing samsung buying chatter
01[10:14] {@Threei}  half out
01[10:14] {@Threei}  stop .19
01[10:14] {@Threei}  1:1  
[10:16] {fish_49} Go JPM Go
01[10:17] {@Threei}  1:2  
01[10:17] {@Threei}  1:3  
[10:17] {JoebiWan} gj
[10:17] {fish_49} 3
[10:17] {fish_49} great call Vad
06[10:17] * @Threei slaps fish_49 around a bit with a large roll of cash
[10:17] {fish_49} Gonna go to bed  good night all happy trading
01[10:17] {@Threei}  lol
[10:18] {fish_49} Good night to u also Toad face
[10:18] {nemo} frickin' Korean
[10:18] {dino} out agio 119.99, +2.00
[10:19] {RonS} wow gj
[10:19] {JoebiWan} nice
01[10:19] {@Threei}  wtg
[10:19] {dino} ty
[10:21] {dino} out aavl .15, +.50
[10:22] {dino} out ewg calls, plan did not work, +.10 / 6%
01[10:22] {@Threei}  + is +
01[10:30] {@Threei}  (DE) Germany IFO's Sinn: QE moves from the ECB constitute an illegal monetary state financing
[10:31] {dino} so, arrest them
01[10:31] {@Threei}  and shoot them
[10:32] {dino} occupy them?
01[10:32] {@Threei}  and make sure to drive the wooden stake through their heart
01[10:32] {@Threei}  'cause as russian example shows, they don't just die
[10:34] {dino} alny sm l .38
[10:38] {cosmo} better use a silver stake
[10:39] {cosmo} before the cost goes up too much
[10:45] {dino} out alny .38, +1.00
[10:45] {RonS} gj
[10:45] {dino} ty
[10:50] {nemo} 204.70ish is the 50 day
[10:53] {RonS} finally, took aavl 37.97 out 39.45  +1.48  thanks dino
[10:55] {dino} yw, gj
[10:56] {dino} you do know it pisses me off when you make more on my calls than i do
[10:59] {RonS} hey, sometimes i play them better, sometimes worse...
[11:00] {RonS} watch the thing go green, and we can both be pissed off
[11:00] {RonS} as one trader i know says...all roads lead to pain
[11:04] {dino} out ptct .80, +.50 took awhile
[11:04] {dino} when going thru hell, keep going
01[11:05] {@Threei} Long Setup:  VXX  .25 break
[11:05] {nemo} too late
01[11:05] {@Threei}  late...
[11:05] {dino} these bios, when they break, they are like slingshots
[11:06] {RonS} satchel paige: "don't look back, Nemo may be gaining on you"
01[11:06] {@Threei}  lol
[11:06] {nemo} I just put the crosshairs center mass
[11:09] {RonS} classic: someone re-did that Dali piece w/ the drooping clocks...replaced the clocks w/ footballs and signed belichics name in the corner...sorry, no link
[11:10] {dino} youtube had the ac/dc song "i've got big balls" changed to bradys got soft ball, funny
01[11:11] {@Threei}  lol
[11:11] {nemo} yeah, listened to Belichick's news conference this morning...Brady on @4
[11:15] {RonS} Brady is the Dick Clark of football...he never ages...met Vinatieri after the first Super win and compared to now...wow 
01[11:15] {@Threei}  VXX once again, same setup
01[11:15] {@Threei}  .25 break
01[11:15] {@Threei}  If holds  .17 
[11:16] {RonS} sheesh, uri 
01[11:17] {@Threei}  stop to .19
01[11:19] {@Threei}  meh
01[11:31] {@Threei} Long Setup:  IWM  .05 break
01[11:31] {@Threei}  change to 117
01[11:31] {@Threei}  If holds  .90 
01[11:32] {@Threei}  change to .95
01[11:33] {@Threei}  If holds  .88 
01[11:37] {@Threei}  1:1  
01[11:41] {@Threei}  oh god
01[11:41] {@Threei}  Bulletin of Atomic Scientists move DOOMSDAY CLOCK closer to midnight by 2 minutes to reach 3 minutes to midnight (vs 5 minutes to midnight prior) (update) - Warning that "the probability of global catastrophe is very high" unless quick action is taken, the Bulletin of the Atomic Scientists Science and Security Board today cited unchecked climate change and global nuclear weapons modernization as the basis for their decision to move the minute hand of the historic Doomsday Clock forward two minutes. The shift of the Doomsday Clock hands to three minutes to midnight is the first such adjustment to be made in three years. The Board also outlined action steps that will need to be taken "very soon" in order to avert catastrophe. - Source TradeTheNews.com
01[11:41] {@Threei}  imbeciles
01[11:42] {@Threei}  (GR) Latest Rass poll finds Syriza party with a wider lead that stands now at 4.8 points
[11:47] {dino} wtf are we wasting money on the doomsday clock for
[11:48] {RonS} ya, just source an app for the smart phones...
[11:49] {RonS} "hold on a second, need to check the time on my doomsday app"...
[11:49] {dino} ptct lod
[11:50] {dino} lol ron, yeah, don't think i can make that appointment, my doomsday clock says i need to take precautions
[11:51] {RonS} "oh shit, it's moved up a second...now one second away from doomsday...but wait, the last move took ten years...so we have plenty of time"
01[11:53] {@Threei}  works for nemo... he is always like "man, I am running out of time, gotta pour that glass faster"
01[11:54] {@Threei}  US - Cuba begin historic talks on restoring diplomatic ties
[12:00] {cosmo} Fukushima should have moved the clock up methinks. Do they account for that?
[12:03] {RonS} nah, they have a Godzilla clock for that...
01[12:04] {@Threei}  last week we were told the chance of mega-earthquake in Victoria area next 50 years is 1 in 10
01[12:05] {@Threei}  I now make the connection... they know Godzilla awakes
[12:05] {RonS} lol
01[12:05] {@Threei}  because of Fukushima
01[12:05] {@Threei}  on second thought, they may be just running out of grant money...
[12:06] {RonS} perfect
01[12:06] {@Threei}  The ECB will purchase €60 billion of sovereign debt from Eurozone member states every month until at least September 2016, expanding its balance sheet by €1.1 trillion. Note that the program could go on longer, until, as Draghi said, "we see a sustained adjustment in the path of inflation." In a concession to German QE skeptics, both the ECB and member national central banks will buy bonds, sharing the risk of default.
01[12:07] {@Threei}  WTI crude was volatile, ramping up as high as $49 just before the ECB decision and then testing one-week lows around $46.20 after the QE unveiling, on USD strength. The weekly DoE stockpiles report didn't help, as the report showed Cushing, OK reserves at their highest levels in many decades for this time of year, with a huge gain in the last week.
01[12:07] {@Threei}  does Godzilla drink oil?
01[12:07] {@Threei}  we have plenty
[12:08] {RonS} omg...in this day and age?  http://www.marketwatch.com/story/phallic-shadows-naked-scrums-and-a-very-bad-day-for-ctpartners-2014-12-09?siteid=yhoof2
[12:08] {cosmo} Godzilla becomes oil
[12:16] {RonS} hey dino...
01[12:28] {@Threei} Long Setup:  DAL  .21 break
01[12:28] {@Threei}  If holds  .10 
01[12:28] {@Threei}  with trail to .14 after .25 break
[12:30] {nemo} wow
[12:30] {nemo} no just how to jerk the chain today
[12:30] {nemo} know
[12:34] {nemo} sheesh probably go rinsed
[12:35] {nemo} breakouts at lunch
[12:35] {nemo} DKTK
01[12:35] {@Threei}  talking about DAL?
[12:35] {nemo} yeah
01[12:35] {@Threei}  breakout would be .25 break
[12:36] {nemo} yeah, but moved the stop to .14 got triggered
01[12:36] {@Threei}  I took aggressive entry as a stand-in for DKTK
01[12:36] {@Threei}  ??
01[12:36] {@Threei}  12:28] {@Threei} with trail to .14 after .25 break
01[12:36] {@Threei}  it never broke .25
01[12:36] {@Threei}  why would you trail it?
[12:36] {nemo} close enough
01[12:36] {@Threei}  no
01[12:37] {@Threei}  break is not a quantitative
01[12:37] {@Threei}  it's a qualitative
01[12:37] {@Threei}  no brteak of resistance, no new quality
01[12:37] {@Threei}  thus no trail
01[12:37] {@Threei}  test of high and break of his are materially different
01[12:38] {@Threei}  hi
01[12:38] {@Threei}  gh
01[12:50] {@Threei}  Russia continues to insist that separatist forces in Donetsk and Luhansk are independent of Russian control and military support. But Ukrainian Prime Minister Arseniy Yatsenyuk has made clear how ludicrous this assertion is:
01[12:50] {@Threei}  “Tanks, GRAD multiple rocket systems, BUK and SMERCH systems, radio electronic intelligence systems are not sold at local Donetsk street markets. Only the Russian army and Defense Ministry have them.”
01[12:54] {@Threei}  no go
01[13:02] {@Threei}  EUR/USD Moves below the 1.1400 level
01[13:09] {@Threei}  Government and president of Yemen resign amid standoff with Shia Houthi rebels, officials say
[13:11] {RonS} O fiddles while the world burns...
01[13:11] {@Threei}  he can fiddle?
[13:11] {RonS} that's all he does
01[13:11] {@Threei}  I thought golf was his thing
01[13:12] {@Threei}  fiddling is respectable skill
[13:12] {RonS} look avp volume
[13:13] {cosmo} mulligans
01[13:14] {@Threei}  no, you are right... http://www.dcclothesline.com/wp-content/uploads/2014/11/obama-fiddles-while-the-world-burns-motifake1.jpg
01[13:16] {@Threei} Long Setup:  LUV  .85 break
01[13:16] {@Threei}  If holds  .75 
[13:24] {nemo} JPM
01[13:25] {@Threei}  1:1  
[13:26] {dino} ron, sorry was out, whats up?
01[13:27] {@Threei}  1:2  
[13:27] {dino} gj
[13:28] {RonS} dino left $3.50 on table aavl...now we both be pissed
[13:28] {RonS} dino look TTS... avp
01[13:28] {@Threei}  ty
[13:28] {dino} lol, thx for bringing that to my attention
01[13:28] {@Threei}  out un full
01[13:29] {@Threei}  1:3 close enough
01[13:29] {@Threei}  1:3  
01[13:30] {@Threei}  revenge for DAL stop
[13:32] {dino} avp hl s .53
[13:35] {dino} b/s is .62, holds well
[13:40] {dino} tpg/dealreporter takeover rumors avp
[13:45] {dino} avp stopped -.09
01[13:55] {@Threei}  [FB] Hearing Societe Generale intiates with a Sell rating and $65 price target
01[14:01] {@Threei} Long Setup:  FB  .10 break
01[14:01] {@Threei}  If holds  77 
[14:02] {RonS} Societe Admirale 3i giving FB a buy rating, eh?
01[14:03] {@Threei}  scalp rating rather
01[14:04] {@Threei}  doesn';t look good
01[14:04] {@Threei}  frikin french might be right :)
01[14:05] {@Threei}  yeah
01[14:16] {@Threei}  rinse... somg
01[14:20] {@Threei}  VXX bounce should be close
[14:27] {nemo} I think they run the indexes to the moon
[14:28] {RonS} thanks Jackie
[14:28] {nemo} no problem Alice
01[14:28] {@Threei}  lol
[14:28] {RonS} maybe Norton
01[14:30] {@Threei} Long Setup:  VXX  .40 break
01[14:30] {@Threei}  If holds  .35 
01[14:31] {@Threei}  Invalidated  
[14:38] {nemo} green side of algo continues to climb
[14:38] {nemo} they running this one
[14:38] {dino} core spike
[14:40] {dino} nemo, fxe thoughts? i'm holding june puts
[14:41] {nemo} 116 roof, would think Euro continues south, but this is a headline etf with CB launching currency bombs
[14:43] {nemo} when u buy them dino?
[14:43] {dino} last week, up 33%
[14:43] {nemo} what are they
[14:44] {dino} 114
[14:44] {nemo} you could see that gap close before it goes down again
[14:44] {RonS} hearing that from others fwiw
[14:45] {dino} thx, maybe i'll book it and re-enter on bounce
[14:55] {dptl} have to leave...see ya tomorrow all
01[14:56] {@Threei}  take care dp
01[14:56] {@Threei}  currency bombs?
[14:59] {nemo} Think Swiss
[14:59] {nemo} new QE
[14:59] {dino} market wants 300 +
[15:00] {cosmo} Is that why prec metals rally?
[15:00] {nemo} 206.25
[15:00] {cosmo} new QE?
[15:00] {nemo} ECB
01[15:00] {@Threei}  no cosmo
[15:00] {cosmo} k
01[15:01] {@Threei}  Europe falling apart and Euro bleak perspective creates sitiation where capital flows in both USD and PMs
[15:01] {cosmo} who sells off first?
01[15:01] {@Threei}  which leads to infriquent case of both USD and gold moving up
[15:06] {dino} cosmo, metals drop before the dollar, imo. europe falling apart, china slowing, and more
[15:07] {dino} remember metals priced in dollars
01[15:10] {@Threei}  FB really defied the french
[15:10] {cosmo} how so?
01[15:11] {@Threei}  they downgraded it... it went up
01[15:11] {@Threei} Long Setup:  VXX  .40 break
01[15:11] {@Threei}  If holds  .30 
[15:12] {cosmo} ah....comeuppance
01[15:14] {@Threei}  ok SPY, lose 206 and die
[15:14] {RonS} a forg craked on his call?
01[15:14] {@Threei}  forg?? :)
[15:15] {RonS} croaked
[15:15] {RonS} frog
01[15:15] {@Threei}  frog?
01[15:15] {@Threei}  lol
01[15:15] {@Threei}  you challenge my english to its limits
01[15:15] {@Threei}  which admittedly are not very remote
[15:15] {cosmo} i hear its very difficult language
01[15:16] {@Threei}  can't tell, never spoke it
[15:16] {dino} out fxe puts +1.10 / 37%
[15:16] {cosmo} i use translators too
01[15:16] {@Threei}  wtg
[15:16] {dino} ty
[15:18] {cosmo} oh ...speaking is different. But you did so well 15 years ago...
01[15:20] {@Threei}  nah, never did... I spoke Russian, just using english words
01[15:20] {@Threei}  those few I knew
01[15:20] {@Threei}  no go VXX
[15:21] {cosmo} hmm..maybe i was speaking Russian and didn't realize it.
01[15:21] {@Threei}  quite possibly
[15:22] {cosmo} especially if it runs in the family
01[15:24] {@Threei}  rinse
01[15:35] {@Threei} Short Setup: FB  .60 break
01[15:35] {@Threei}  If holds  .70 
01[15:43] {@Threei}  trail to .66
01[15:43] {@Threei}  time starts pressing
[15:46] {dino} calling it a day, great morning, thx all, gn
01[15:48] {@Threei}  take care dino
[15:49] {dino} thx u2
01[15:57] {@Threei}  closing flat
01[15:57] {@Threei}  thank you, have a good evening

01[15:57] {@Threei}  see you tomorrow