Monday, January 26, 2015

Jan 26 2015

One of those cases where setup is envisioned and called in advance. Third win of the morning too. 

(Chart courtesy of brokerage)




Session Time: Mon Jan 26 00:00:00 2015
[08:58] {JoebiWan} gm
01[08:58] {@Threei}  jw :)
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
[09:14] {RonS} gm...hi there snow dude
01[09:15] {@Threei}  ron :)
01[09:15] {@Threei}  dashcam video from Mariupol... not something you see every day: https://www.youtube.com/watch?v=lbtD8yKd9yE
[09:18] {nemo} ahhh....probably won't be here tomorrow
[09:18] {dino} nemo, seems you and i are getting a pretty good snow storm
[09:18] {dino} about 3" down here already
[09:18] {nemo} we're getting at least two feet and blizzard conditions...I'm only 25 miles inland
[09:19] {dino} we're getting 14" and we just had 6" on this past saturday
01[09:19] {@Threei}  2 feet is serious...
[09:19] {nemo} at least
[09:19] {nemo} http://goo.gl/JmK7rg
01[09:20] {@Threei}  lived through snowstorm with 3-4, snowdrifts created up to 6-7 ft high banks against garage doors
[09:20] {nemo} scroll down to the blue bullseye...I'm right in the middle
01[09:20] {@Threei}  city was paralized for 4 days
[09:21] {nemo} oh shit...back in '78 I had a snowdrift right up to my upstairs bedroom window
[09:21] {nemo} we were shutdown for a week...took snowmobiles into Boston
[09:22] {ese} morning ladies and gentleman......pro D at my school so I can pop in but this will be it until last part of june
01[09:22] {@Threei}  hey ese
[09:22] {nemo} they brought in Terex earthmovers..remember seeing a MGB upside down...it was buried under snow, guy driving the rig never saw it
[09:22] {nemo} scooped it up and dumped it
[09:23] {ese} where was that nemo
[09:23] {ese} hey vad
01[09:23] {@Threei}  so Greece finally rebelled
[09:24] {nemo} A very cold air mass is poised to move south from the arctic late this weekend or early next week. This cold will likely rival anything we have seen this year and has the potential to be the coldest air we have seen in decades.
[09:24] {ese} what'd they do
01[09:24] {@Threei}  now we will find out how far EU will go to placate them
01[09:24] {@Threei}  elected anti-austerity party
[09:25] {ese} ahhhhhhh
[09:25] {RonS} wow stx
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -OCN +30% (response to Gibbs & Bruns in regards to RMBS investors)
01[09:26] {@Threei}  -ASPS +18% (OCN news)
01[09:26] {@Threei}  -RMTI +15% (FDA approved Triferic)
01[09:26] {@Threei}  -HWAY +15% (confirms exploring strategic alternatives to enhance shareholder value)
01[09:26] {@Threei}  -AAMC +11% (OCN news)
01[09:26] {@Threei}  -RKT +8% (combining with MWV to create a $16B packaging firm)
01[09:26] {@Threei}  -DHI +7% (earnings)
01[09:26] {@Threei}  -GNRC +5% (strength attributed to upcoming northeast blizzard)
01[09:26] {@Threei}  -LCI +5% (earnings)
01[09:26] {@Threei}  -CLF +5% (eliminating quarterly dividend)
01[09:26] {@Threei}  -IBM +1.2% (laying off more than 100K employees of global workforce)
01[09:26] {@Threei}  -RGP +15% (ETP merger)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -PRE -3.6% (confirmed merger with AXS in $11B merger)
01[09:26] {@Threei}  -STX -1.5% (earnings)
01[09:26] {@Threei}  -NSC -1.2% (earnings)
01[09:26] {@Threei}  -MAT -10% (preliminary results)
[09:29] {RonS} mat ceo resigned
01[09:33] {@Threei} Long Setup:  VXX  .10 break
01[09:33] {@Threei}  If holds  32
01[09:33] {@Threei}  change to .90 break
01[09:34] {@Threei}  If holds  .80
01[09:34] {@Threei}  1:1
[09:35] {dino} mat missed big too
01[09:35] {@Threei}  1/4 more out
01[09:35] {@Threei}  stop .94
01[09:36] {@Threei}  closed
[09:37] {RonS} guessing Barbie frozened...
01[09:37] {@Threei}  lol
01[09:39] {@Threei}  wow, it had more in it
[09:40] {RonS} asps changing symbol to yoyo
01[09:40] {@Threei} Long Setup:  DAL  .55 break
[09:41] {RonS} saw chatter here that ibm to announce layoffs of 100k this week...
01[09:41] {@Threei}  If holds  .45
[09:41] {nemo} {10k
[09:42] {dino} yes ron, saw that
01[09:42] {@Threei}  [IBM] CNBC tech reporter Fortt says IBM layoffs probably not on the scale of 100K workers as reported in press earlier "$IBM not laying off 100K people as rumored. Its { 10K, evidenced by $600M charge they took last quarter"**NOTE: earlier, IBM said to lay off more than 100K employees (26% of global workforce) as early as next week
01[09:42] {@Threei}  1:1
01[09:43] {@Threei}  stop to .59
01[09:47] {@Threei}  Russia warns West not to blackmail it over Ukraine
[09:47] {nemo} 126 long sso
01[09:47] {@Threei}  insolence is pulpable
[09:47] {nemo} stop under .90
[09:47] {nemo} partialed .11
[09:48] {nemo} they ain't playing nice today
01[09:48] {@Threei}  they rarely do
01[09:49] {@Threei}  watching IWM for double bottom
01[09:49] {@Threei}  want pullback under .20
[09:49] {cosmo} chess vs poker...
01[09:49] {@Threei} Long Setup:  IWM  .20 break
01[09:50] {@Threei}  If holds  .10
01[09:50] {@Threei}  1:1
01[09:50] {@Threei}  1:2
[09:50] {nemo} stop to .10
01[09:50] {@Threei}  thing of beauty, and called in advance
[09:51] {nemo} yeah, I entered before typing
01[09:51] {@Threei}  1:3
[09:52] {nemo} out .41
[09:52] {nemo} think vwap will stop it
[09:53] {nemo} http://goo.gl/RLM3AW
01[09:55] {@Threei}  1:4, out
[10:04] {dino} dfs hl l .53
01[10:11] {@Threei} Long Setup:  MCD  .85 break
01[10:11] {@Threei}  If holds  .75
[10:12] {dptl} gm
01[10:13] {@Threei}  dp :)
01[10:13] {@Threei}  Invalidated
01[10:30] {@Threei}  *(US) JAN DALLAS FED MANUFACTURING ACTIVITY: -4.4 V 3.2E
[10:36] {dino} oil
01[10:37] {@Threei}  I am sure
[10:37] {RonS} water
01[10:37] {@Threei}  lol
01[10:40] {@Threei} Short Setup: JPM  .80 break
01[10:40] {@Threei}  If holds  .90
[10:41] {nemo} no sighn of momentum break in indexes
01[10:45] {@Threei}  change to .85 break
01[10:45] {@Threei}  If holds  .92
[10:45] {nemo} VXX .65 break looks interesting if it holds low
01[10:45] {@Threei}  Invalidated
[10:52] {nemo} VXX
[11:00] {dino} wdc sm l .00
01[11:01] {@Threei} Long Setup:  MAT  27 break
01[11:01] {@Threei}  If holds  .90
01[11:05] {@Threei}  Invalidated
[11:10] {RonS} June already?
[11:10] {nemo} they haven't indicted him yet?
01[11:14] {@Threei} Long Setup:  VXX  .35 break
01[11:14] {@Threei}  If holds  .30
01[11:17] {@Threei}  1:1
01[11:29] {@Threei}  1:2
01[11:29] {@Threei}  (close enough)
01[11:38] {@Threei}  NATO Secretary General Jens Stoltenberg has urged Russia to stop its support for the separatists in the eastern Ukraine immediately
01[11:38] {@Threei}  Ah yes, Putin said, I'll get right on it
01[11:38] {@Threei}  why didn't I think of it myself
[11:40] {RonS} Putin: "Jens oughtta stick to being Japanese currency..."
[11:41] {RonS} hey Nemo...
[11:41] {nemo} what
[11:43] {RonS} you need to check out the Fox show:  Backstrom...funniest thing have seen in years
[11:43] {nemo} o.k.
[11:43] {RonS} un-PC to a fault
01[11:44] {@Threei}  closed VXX
[11:44] {RonS} "so, was the Indian a dot or a geronimo?..."
[11:44] {dino} when is it on ron?
[11:47] {nemo} CAT looks like setting up short
[11:48] {nemo} if it breaks lows, probably goes to .20s
[11:49] {RonS} dino, Jan 29th...can see the premiers on-line if get snowed in... :)
[11:49] {nemo} and if you have electricity
[11:49] {RonS} http://backstromonline.com/
[11:50] {RonS} ...when was the last time you saw a guy running around with a stogie in his mouth?
01[11:52] {@Threei}  The events in Greece are under the microscope this morning. European finance ministers have reiterated their non-committal stances regarding Syriza's demands for renegotiation, but the consensus seems to be that the EU is open to extension of debt terms and easing reform requirements.
01[11:53] {@Threei}  The unanswered question is what Syriza will finally ask for. Note that the Independent Greece coalition party, while more conservative than left-wing Syriza, is just as uncompromising in its demands for renegotiation.
01[11:54] {@Threei}  OPEC Secretary General El-Badri tried to call a bottom in oil this morning. El-Badri also said he was open to discussions with non-OPEC members to balance oil supply, warning that markets are oversupplied by 1.5 million bpd. He also said some OPEC upstream projects are being cancelled and that oil prices could rise to $200/bbl in three or four years if investment levels do not keep up.
01[11:54] {@Threei}  imbecile
[11:54] {nemo} I like the kid hanging from the bridge
01[11:55] {@Threei}  nemo, I understand ese is not coming to visit you just yet:
01[11:55] {@Threei}  As of writing, nearly 1,800 flights have been canceled nationwide and another 1,600 already have been canceled for Tuesday.
[11:55] {nemo} lucky for him
[11:55] {RonS} syriza... isn't that resin-tasting greek maple syrup?
[11:55] {nemo} that sucked ron
01[11:55] {@Threei}  there are maples in greece?
[11:56] {RonS} first maples in greece, then naples in italy
01[11:56] {@Threei}  oh boy
[11:56] {cosmo} canceling those flights should help fight global warming...
[11:57] {RonS} ...where's my meds...
[11:57] {nemo} where ARE my meds
01[11:57] {@Threei}  I kind of hoped maples are purely canadian trees... after all, we don't have olive trees here, would only be fair if Greece didn't have maples?
[11:57] {nemo} CAT going down
01[11:58] {@Threei}  when global cooling starts, you'll regret ever fighting warming cosmo
[11:59] {nemo} sheesh...we've had colder than normal winters and summers for the last 3 years
01[11:59] {@Threei}  doesn't matter nemo, propaganda machine doesn't turn around that quickly
[11:59] {nemo} we about to enter the coldest 10 day stretch in decades
01[12:00] {@Threei}  progression of propaganda:
01[12:00] {@Threei}  global cooling - global warming - climate change - climate instability
01[12:01] {@Threei}  cooling was not so cool anymore after some wqrm period, warming stopped being hot after some cooldown,
[12:02] {RonS} ...all Mark Twain's fault
01[12:02] {@Threei}  change sounded not so different since climate always changes,
01[12:02] {@Threei}  instability is currently holding up, for now
[12:02] {nemo} VXX
01[12:03] {@Threei}  (see what I did in all 4 cases? Ron's fault...)
[12:04] {nemo} Ron's a right-wing reactionary
01[12:05] {@Threei}  anything's wrong with that?
[12:05] {RonS} Twain:  : "everybody complains about the weather, but nobody does anything about it"
[12:05] {nemo} did I say there was?
01[12:05] {@Threei}  I am cranky curmudgeon
01[12:05] {@Threei}  as such, I like reactionares
[12:05] {nemo} got nothing on me u uke
01[12:06] {@Threei}  thought this was what you refered to, Ron
[12:07] {cosmo} It's all Algore's fault...
[12:07] {RonS} yep, his 22,000 sq ft house
[12:08] {RonS} and jetting around
[12:08] {RonS} and constantly blowing hot air
01[12:08] {@Threei}  and planes dekivering speakers to all lying movie presentations
[12:08] {cosmo} And his karmic commupence has affected us all
01[12:08] {@Threei}  Convenient Lie
[12:10] {cosmo} comeuppance
[12:14] {nemo} VXX
01[12:18] {@Threei}  http://www.kyivpost.com/guide/people/ukraines-diana-harkusha-is-miss-universe-second-runner-up-378464.html
01[12:18] {@Threei}  good thing planes are grounded, nemo would be flying to Ukraine by now
01[12:18] {@Threei}  on Miami
[12:19] {nemo} that's a long way to go for trouble...I just go to the grocery store and let the MILFs try to pick me up
01[12:19] {@Threei}  or*
01[12:19] {@Threei}  do they?
[12:19] {nemo} yeah...happened again yesterday...tough to concentrate when I'm trying to keep track of my father
01[12:20] {@Threei}  think "what would Hank Moody do"
[12:20] {nemo} it's amazing how fast an 82 year old man can move
[12:20] {nemo} unfortunately, I don't live in a TV show
[12:21] {dino} lol
[12:21] {nemo} don't think the FWB would go for it either
[12:21] {dino} nemo working the frozen food section
[12:21] {nemo} The ex-german girlfriend wanted to visit last summer...that was turning into a problem
01[12:21] {@Threei}  alll those melons...
[12:21] {nemo} actually, it was the fruits and vegetables
[12:22] {nemo} I kinda' saw it coming, she starts talking to my father, I'm like...mmmmhhhhh
[12:22] {nemo} VXX
[12:22] {dino} out wdc 99.81, +1.81
01[12:22] {@Threei}  wtg
[12:22] {nemo} think it's a good bet for a long here
[12:23] {nemo} needs to get above .15 soon
[12:23] {dino} ty
[12:23] {nemo} looks like the tops might be in
[12:28] {nemo} oh cool...Bernie Kosar's daughter is a porn star
01[12:29] {@Threei} Long Setup:  VXX  .05 break
[12:29] {nemo} it never went under
01[12:29] {@Threei}  If holds  .98
[12:29] {RonS} Massachusetts governor announces MBTA service will shut down at midnight, no service Tuesday
[12:30] {nemo} No soup for you!
[12:30] {nemo} not sure I have enough vodka to get through the storm....Road Trip!!!
01[12:34] {@Threei}  1:1
01[12:34] {@Threei}  1:2
01[12:37] {@Threei}  "If I'm nobody in this life and nobody is perfect, does that make me perfect?"
01[12:38] {@Threei}  stop .19
[12:39] {nemo} likely to test under .20, think that's the bottom though
01[12:48] {@Threei}  (US) Obama Admin releases plan to control healthcare costs in Medicare program by moving toward focus on qualitative care rather than fee-for-service - press - Health and Human Services says it plans to migrate health care spending away from costly fee-for-service charges and toward alternative payment models. Wants to move 50% of Medicare's payments to alternative payment models by 2018 (vs about 20% of Medicare payments currently going to healthcare providers with cost saving models today).
01[12:48] {@Threei}  - The goal is to align healthcare spending toward payment models that link payments to providers to effective and management of patient treatments, rather than the fee-for-service model that has been blamed for boosting costs and authorizing unnecessary procedures.
01[12:49] {@Threei}  interesting idea... can't imagine how it can be realized
[12:50] {nemo} oh jeez...53% of last 20 days
[12:50] {RonS} = 10.6 days
[12:51] {nemo} douche
[12:54] {nemo} yeah Ron...this show weird
[12:56] {RonS} Forbes reviewer said cbs dropped 'cause just too hot...
[12:57] {nemo} not quite mainstream network fare
01[12:59] {@Threei}  *(RU) S&P LOWERS RUSSIA RATING TO JUNK
[13:05] {nemo} oh jeez the paedophile is back
01[13:24] {@Threei} Long Setup:  MAT  .90 break
01[13:24] {@Threei}  If holds  .85
[13:40] {nemo} EBAY below .05 can be a short
[13:40] {nemo} stop above .10
[13:40] {nemo} two way?
01[13:41] {@Threei}  meh
01[13:41] {@Threei}  first stop today
01[13:41] {@Threei}  I like long EBAY
01[13:41] {@Threei}  maybe DKTK is better way to play it
[13:42] {nemo} nice bear flag
[13:42] {nemo} plus it's almost 2
[13:45] {nemo} markets moving up but ebay not...they come in probably works
[13:52] {JoebiWan} mcd
01[14:17] {@Threei}  The morning commute in West Vancouver, B.C. was tied up by a "slow-moving" beaver who decided to cross the road.
01[14:17] {@Threei}  Traffic at 15th Avenue and Bellevue Street was blocked as police tweeted urgent updates.
01[14:20] {@Threei} Long Setup:  VXX  .10 break
01[14:20] {@Threei}  .c 31
01[14:20] {@Threei}  If holds  31
[14:35] {RonS} oled took the pipe
[14:37] {dino} slow
[14:37] {nemo} relative volume very low...
[14:37] {dino} my scanners barely moving
[14:38] {nemo} good movie
01[14:38] {@Threei}  lol
01[14:45] {@Threei}  (CA) Canada Govt confirms known human case of H7N9 bird flu in North America in individual coming China; individual is recovering
01[14:58] {@Threei} Short Setup: DAL  .95 break
01[14:58] {@Threei}  If holds  .05
[15:01] {dptl} gn all see you tomorrow
01[15:01] {@Threei}  take care dp
01[15:10] {@Threei}  trying to decipher eod direction
[15:11] {nemo} this low volume likely means float
[15:13] {dino} took all day, but out dfs .76, +.23
01[15:15] {@Threei}  it was waiting for you to say it nemo :)
[15:16] {nemo} low volume making for jerky setups
01[15:22] {@Threei} Long Setup:  IWM  .05 break
01[15:22] {@Threei}  If holds  .95
01[15:22] {@Threei}  if dives under 119, will change trigger
01[15:34] {@Threei}  GKTK is still the way to go
01[15:34] {@Threei}  D
01[15:39] {@Threei}  come on, break .10
01[15:39] {@Threei}  and run
01[15:39] {@Threei}  fly
[15:41] {RonS} Feds charge 3 men in New York City with spying for Russia http://bloom.bg/1CIWg9Z
01[15:45] {@Threei}  meaning, we were onto them for years and now the moment is right politically
01[15:54] {@Threei}  stop to .99
01[15:54] {@Threei}  2 min to make up its mind
[15:55] {dino} gn all
01[15:55] {@Threei}  ok, scratchiong IWM
[15:55] {dino} time to plow driveway, about 6" down so far
01[15:56] {@Threei}  ugh
01[15:56] {@Threei}  take care dino
[15:56] {nemo} time to go to the liquor store
01[15:56] {@Threei}  thsnk you all, have a good evening
01[15:56] {@Threei}  see you tomorrow
[15:56] {nemo} maybe not
01[15:56] {@Threei}  hopefully
[15:56] {JoebiWan} cya all. gl on east coast