Friday, February 6, 2015

Feb 06 2015

Patternless day, with sudden turns and without proper setups. We cut down activity to keep things safe, and last two winning trades erased most of earlier rinses. At any rate, the week was very good

Session Time: Fri Feb 06 00:00:00 2015
[09:19] {RonS} hi fellow lonely guys...
01[09:19] {@Threei}  ron :)
01[09:22] {@Threei}  we are not lonely, we are curious... gotts wake up to find out why gold is getting murdered
[09:23] {jfjf64} morning all
01[09:23] {@Threei}  jf :)
[09:24] {dptl} gm
01[09:24] {@Threei}  dp :)
01[09:29] {@Threei}  dino can't navigate through the snowdrift I take it
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -XLS +35% (received bid from Harris at $23.75/shr)
01[09:30] {@Threei}  -YRCW +16% (earnings)
01[09:30] {@Threei}  -CBM +16% (earnings & expansion of large scale API capacity)
01[09:30] {@Threei}  -TWTR +12% (earnings)
01[09:30] {@Threei}  -LNKD +11% (earnings)
01[09:30] {@Threei}  -HRS +6.5% (offer for XLS)
01[09:30] {@Threei}  -IMGN +5.6% (positive broker commentary)
01[09:30] {@Threei}  -BWLD +4% (earnings)
01[09:30] {@Threei}  -MSG +4% (earnings)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -TROV -20% (priced 4.44M share offering for gross proceeds at $20M)
01[09:30] {@Threei}  -P -18% (earnings)
01[09:30] {@Threei}  -YELP -16% (earnings)
01[09:30] {@Threei}  -GPRO -13% (earnings)
01[09:30] {@Threei}  -EXPE -8% (earnings)
01[09:30] {@Threei}  -PBR -8% (named Aldemir Bendine as CEO and Ivan Monteiro as CFO)
01[09:30] {@Threei}  -ATVI -7% (earnings)
01[09:33] {@Threei} Long Setup:  GLD  .43 break
01[09:33] {@Threei}  fast...
01[09:33] {@Threei}  If holds  .35
01[09:37] {@Threei} Long Setup:  MCD  .90 break hl
01[09:37] {@Threei}  If holds  .80
01[09:39] {@Threei}  1:1
01[09:43] {@Threei} Long Setup:  IWM  .15 break
01[09:43] {@Threei}  If holds  .05
01[09:45] {@Threei}  no go
01[09:47] {@Threei} Long Setup:  VXX  .80 break
01[09:47] {@Threei}  If holds  .70
01[09:49] {@Threei}  Invalidated
[09:52] {dino} gm
01[09:53] {@Threei}  dino :)
01[09:54] {@Threei} Long Setup:  IWM  120 break
01[09:54] {@Threei}  If holds  .90
01[09:56] {@Threei}  no go
[09:57] {jfjf64} vxx
[09:57] {jfjf64} .80
[09:58] {jfjf64} ?
01[09:58] {@Threei}  can't tell, too choppy'
01[09:59] {@Threei}  rinse IWM
01[09:59] {@Threei}  changing to DKTK
01[10:03] {@Threei}  somg... 1:4
[10:20] {nemo} qcom
01[10:22] {@Threei} Long Setup:  VXX  .40 break
01[10:23] {@Threei}  If holds  .30
01[10:27] {@Threei}  lose .80 SPY... and die
01[10:28] {@Threei}  1:1
[10:32] {RonS} dino $stra gone pulp
[10:33] {dino} ty
[10:35] {dino} out dfs calls from 1/27, +1.35 / 84%
[10:37] {jfjf64} common loose this .80
[10:37] {dino} out stt calls from 1/23 +1.03 / 66%
01[10:37] {@Threei}  1:2
[10:37] {jfjf64} any reports today?
01[10:38] {@Threei}  ?
[10:39] {RonS} gonna report you for mis-spelling lose... unreal to me how many do that...guess multitude skipped 4th grade
[10:39] {jfjf64} lol
[10:39] {dino} damn
01[10:40] {@Threei}  it's ese disease
01[10:41] {@Threei}  but this is second in my list of the worst spelling offenses
[10:41] {RonS} eqkacktly
01[10:41] {@Threei}  first prize takes this endless your-you're
[10:52] {dino} out n calls from 1/30 +.75 / 26%
[10:59] {dino} this markets is wicked, up 900 pts from mondays low
[11:00] {nemo} and EU QE doesn't start until next month
[11:02] {dino} thats 5% in 4 days!
[11:03] {dino} the pattern is short very soon
[11:03] {nemo} go look at what the DAX did in January
[11:04] {dino} please tell me
[11:07] {nemo} went from 9400 to 10800
[11:08] {dino} ty
[11:08] {nemo} went from 9600 to 10300 in one 5 day stretch
[11:09] {nemo} QCOM looks short here
01[11:21] {@Threei} Long Setup:  JPM  .72 break
01[11:21] {@Threei}  If holds  .65
[11:21] {nemo} was just looking at that
01[11:22] {@Threei}  scary, isn't it
[11:23] {nemo} why is it up so much today?
[11:24] {dino} banks in general
01[11:28] {@Threei}  meh
01[11:39] {@Threei} Long Setup:  QCOM  .45 break
01[11:39] {@Threei}  If holds  .36
[11:47] {pamsv} have to go - have a good weekend all!
[11:47] {nemo} P&Q
[11:50] {jfjf64} see all later
[12:05] {nemo} is the market trading?
01[12:06] {@Threei}  not too much
[12:08] {RonS} convenient:  Report: Islamic State claims a Jordanian air strike has killed an American female hostage - @nytimes http://nyti.ms/1vwbj6d
01[12:09] {@Threei}  do they have similar report with sides flipped, for american air strike?
01[12:30] {@Threei}  After the jobs data, Fed watcher Hilsenrath remarked that the report means a June rate hike is still on the table and at the very least it boosts the odds the Fed will alter the 'patient' language in the statement.
01[12:31] {@Threei}  With rate hikes back on the table, the shares of US financials are soaring. Regions Financial and Bank of America are up 5% a piece, Prudential is up 4.5%, MS is up 3.5% and Citi is up nearly 3%.
01[12:31] {@Threei}  Gold tanked before and after the jobs number, with spot gold dipping 2.3% to $1,230.
[12:34] {dino} rate hike will increase the value of the dollar vs others, not so sure its going to happen that soon.
[12:35] {dino} this dollar spike is starting to show its hurt on businesses
01[12:35] {@Threei}  I too doubt it's as close as they imply
01[12:35] {@Threei}  there is no real inflation threat thus far (well, per official data at least)
[12:36] {dino} plus, oil companies have just started their layoffs, this could get big
01[12:36] {@Threei}  why would they rush and take this step now
[12:40] {RonS} Lockhart: Hiring Improvement 'May Be Less Than Meets The Eye"
01[12:44] {@Threei}  (GR) S&P cuts Greece rating one notch to B- from B; remains on credit watch negative
01[12:44] {@Threei}  sheesh
[12:44] {dino} you know, the more i think abot the greek situation, the more i think germany gives in.
[12:45] {dino} its the old bank problem....if you owe the bank 100k its your problem, but if you owe the bank a few million, its the bank's problem
01[12:45] {@Threei}  but... every german has second property now... in Greece
[12:46] {dino} my gut says greece gets some serious breaks and extensions
01[12:46] {@Threei}  oh yeah
[12:46] {dino} just push it out to infinity
01[12:46] {@Threei}  exactly
01[12:46] {@Threei}  it's the mentality
[12:46] {dino} and that of course, allows the politicians to save face and keep their jobs
01[12:47] {@Threei}  whatever negative happens, it shouldn't be on my watch
01[12:47] {@Threei}  and they have large problem on their hands with Russia
01[12:47] {@Threei}  can't afford so many fronts falling apart
[12:48] {dino} yes, a default will weaken all of europe with russia looking to make a move
[12:48] {dino} brb
01[12:49] {@Threei}  that's why russia supports greece so much
01[12:49] {@Threei}  and was rooting for no in scottish referndum
01[12:51] {@Threei} Long Setup:  VXX  .40 break
01[12:51] {@Threei}  If holds  .30
01[12:56] {@Threei}  grr
01[13:07] {@Threei}  not getting twists and turns right
[13:12] {dino} out pcar calls from 1/30 +.75 / 47%
[13:14] {dino} out uri calls from 1/30 +2.72 / 51%
01[13:16] {@Threei}  nice
[13:17] {dino} thx, they worked nicely
[13:17] {dino} thinking of adding puts now, we
[13:18] {dino} are close to that 18k level again
01[13:26] {@Threei}  looks like real panic in cards
01[13:26] {@Threei}  watching VXX for pullback
[13:32] {dino} back in 30
01[13:41] {@Threei} Long Setup:  VXX  .05 break
01[13:41] {@Threei}  If holds  .95
[13:54] {nemo} VXX
01[14:00] {@Threei}  Canada Supreme court allows assisted suicide
01[14:01] {@Threei}  good to know I have option in case another naked Kardashian video appears
[14:07] {nemo} VXX should go soon
01[14:09] {@Threei}  you call it
01[14:09] {@Threei}  my timing is off today
[14:09] {nemo} oh sorry
[14:11] {nemo} might not get a pullback now
[14:12] {nemo} o.k. guess we will
[14:12] {nemo} holding that .95 breakout
[14:13] {nemo} 34 breaj
[14:13] {nemo} breaj'
[14:13] {nemo} break
[14:13] {nemo} stop under .90
[14:14] {nemo} damn...aapl
[14:15] {nemo} that's gonna' make it hard for the indexes to come in
[14:17] {nemo} o.k. aapl weakening a little
[14:17] {nemo} sheesh
[14:22] {nemo} I hate trades like this
[14:24] {nemo} they're going to DKTK us
[14:24] {nemo} spy broke through
01[14:26] {@Threei}  lol, contest who outrinses whom
[14:26] {nemo} I think we should be o.k. now as long as aapl cooperates
[14:27] {nemo} frickin' aapl
[14:33] {nemo} wow holding that .88 level from 2:00
[14:33] {nemo} VXX that is
[14:33] {nemo} out
[14:34] {nemo} too early
01[14:35] {@Threei}  that double bottom seems to be low for the day
[14:36] {nemo} maybe, this is vwap for spy, iwm almost there, aapl almost there
01[14:44] {@Threei}  (VZ) Venezuela Oil Ministry notes there are more meetings scheduled with OPEC members to discuss strategy on oil price **Note: Late last year Russia, Venezuela, Mexico and Saudi Arabia agreed to have period meetings about oil levels and said they would meet again in February, though no date has been set.
[14:46] {nemo} yep DKTK
01[14:46] {@Threei}  mother...
[14:46] {nemo} as soon as aapl started coming in
[14:53] {nemo} that sucked
01[14:54] {@Threei}  told you, timing is major hindrance today
[14:54] {nemo} yeah, but I made the mistake of not assessing aapl correctly
[14:54] {nemo} I just looked at the indexes
[14:54] {nemo} aapl is a frickin' index
[14:59] {nemo} http://goo.gl/l8E5Sg
01[15:00] {@Threei}  (GR) Eurogroup chief Dijsselbloem: Greece needs to submit a bailout extension request by Feb 16 to maintain EMU financial support
01[15:00] {@Threei}  (US) DEC CONSUMER CREDIT: +$14.76B V +$15.0BE
[15:00] {nemo} wow
[15:02] {dino} ?
[15:02] {nemo} the drop....the missed VXX trade
[15:02] {dino} oh, 160 swing
[15:15] {dino} adding dia march puts
01[15:18] {@Threei} Long Setup:  VXX  .60 break
01[15:18] {@Threei}  If holds  .50
01[15:20] {@Threei}  1:2
01[15:21] {@Threei}  finally got something right
[15:29] {nemo} "A fan threw me a beer. If a fan throws you a beer, you have to chug it," Gronk said.
[15:33] {dino} taking a few days off for golf trip in myrtle beach. be back on thursday. good luck all
01[15:33] {@Threei}  have fun dino
[15:33] {RonS} about time...
[15:33] {nemo} warmer down there
[15:34] {jfjf64} enjoy
01[15:34] {@Threei}  you need a break from all that snow
[15:34] {dino} indeed, should be high 50s to mid 60s
01[15:42] {@Threei}  ok, last one
01[15:42] {@Threei} Long Setup:  VXX  .90 break
01[15:42] {@Threei}  If holds  .80
01[15:43] {@Threei}  1:1
01[15:46] {@Threei}  ok
01[15:46] {@Threei}  time for total breakdown
[15:46] {jfjf64} die ya biat ch
01[15:47] {@Threei}  nah
01[15:47] {@Threei}  closed second half
01[15:47] {@Threei}  whew, annoying day... but last couple trades made it bearable
01[15:48] {@Threei}  have a great weekend guys, see you Monday!
[15:48] {jfjf64} adios
[15:50] {dptl} gn
[15:50] {dino} cya dp
[15:50] {dino} cya jf
[15:51] {dino} gn all
[15:51] {jfjf64} have fun dino
[15:51] {dino} ty
[15:51] {jfjf64} have a couple beers relax
[15:51] {dino} will do
[15:51] {cosmo} You know, Torrey Pines is even warmer...
[15:51] {dino} some day
[15:52] {cosmo} :)