Monday, February 9, 2015

Feb 09 2105

Not exactly our day - choppy action without patterns. With some good trades here and there, finished negative still.

Session Time: Mon Feb 09 00:00:00 2015
[09:05] {RonS} hello
01[09:05] {@Threei}  ron :)
01[09:09] {@Threei}  sheesh, Massachusets
01[09:09] {@Threei}  "these piles of snow are actually cars"
[09:11] {cosmo} what piles?
01[09:12] {@Threei}  TV corr was pointing at them
[09:12] {cosmo} ?
01[09:12] {@Threei}  ?
[09:12] {cosmo} TC who?
01[09:13] {@Threei}  TV
01[09:13] {@Threei}  correspondent
[09:13] {cosmo} ah
[09:13] {cosmo} I remember TV
01[09:18] {@Threei}  nemo poked up from under snow
[09:18] {nemo} this is ridiculous
[09:19] {nemo} it's been snowing since Saturday
01[09:19] {@Threei}  memories of winnipeg...
[09:19] {cosmo} get in your car and hide there
[09:19] {cosmo} :)
06[09:21] * nemo adds cosmo to the list
[09:21] {dptl} gm
[09:21] {nemo} we have more snow coming Thursday, and we're lining up for another snowstorm Sunday
01[09:22] {@Threei}  dp :)
[09:23] {cosmo} Climate change is now a done deal it seems
01[09:23] {@Threei}  when wasn't it
[09:23] {nemo} yeah, climates change, what's new
[09:23] {cosmo} during the campaign to stop it
[09:24] {RonS} guess so, it's never snowed in the northeast before
[09:24] {nemo} Last week, there was a report that volcanic activity under the oceans play a major role in climate change
[09:24] {nemo} Yeah, still not as bad as 78
[09:24] {cosmo} yes nemo
[09:24] {cosmo} always has
01[09:24] {@Threei}  we must be at fault too
01[09:25] {@Threei}  I mean, it's our activity that triggers volcanoes
[09:25] {cosmo} we were made to forget that it was never our fault
[09:25] {nemo} ?
[09:26] {cosmo} undersea volcanoes
[09:26] {cosmo} making 1000 times more CO2 than we do
[09:26] {nemo} and all those farting animals
[09:27] {cosmo} and currently unaccounted for by IPCC
[09:27] {nemo} methane up the wazoo
[09:27] {nemo} there are so many things there models don't account for.  Sheesh, we have had three of the coldest years in the Northeast on record, including the summers
[09:28] {cosmo} we need all the CO2 we can make to help stave of the advancing ice sheets...sheesh
[09:28] {jfjf64} gm all
01[09:29] {@Threei}  jf :)
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -ACHN +12% (achieved 100% SVR12 in Phase 2 trial evaluating 6-week treatment with ACHN-3102)
01[09:30] {@Threei}  -MCGC +7% (exploring strategic alternatives to maximize shareholder value)
01[09:30] {@Threei}  -HAS +5% (earnings)
01[09:30] {@Threei}  -MAS +3.7% (earnings)
01[09:30] {@Threei}  -IPGP +3% (earnings)
01[09:30] {@Threei}  -QCOM +2.5% (said to be close to $1B agreement related to antitrust dispute in China)
01[09:30] {@Threei}  -L +2.5% (earnings)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -FSC -16% (earnings)
01[09:30] {@Threei}  -DO -10% (earnings)
01[09:30] {@Threei}  -SOHU -7% (earnings)
01[09:30] {@Threei}  -LGND -5% (earnings)
01[09:30] {@Threei}  -HIMX -3.5% (negative broker commentary)
01[09:30] {@Threei}  -AAL -3.3% (Jan traffic; DAL & UAL also down 1-2% on the news)
01[09:30] {@Threei}  -CYOU -2.4% (earnings)
01[09:31] {@Threei} Long Setup:  VXX  .75 break
01[09:31] {@Threei}  If holds  .65
[09:32] {nemo} XOP probably gonna be strong today
01[09:34] {@Threei}  no go
01[09:35] {@Threei}  rinse
01[09:37] {@Threei} Long Setup:  FCX  .10 break
01[09:37] {@Threei}  If holds  19
01[09:38] {@Threei}  1:1
01[09:44] {@Threei}  Ron, see SOHU?
[09:47] {RonS} yes
01[09:49] {@Threei} Long Setup:  MCD  93 break
01[09:49] {@Threei}  If holds  .95
01[09:52] {@Threei}  1:1
01[09:57] {@Threei}  stop to .04
01[09:59] {@Threei}  closed
01[10:00] {@Threei}  FCX... rinsed second half
01[10:01] {@Threei} Short Setup: MCD  .95 break
01[10:01] {@Threei}  If holds  .05
01[10:03] {@Threei}  1:1
01[10:04] {@Threei}  1:2
01[10:06] {@Threei} Short Setup: FCX  .30 break
01[10:07] {@Threei}  If holds  .40
01[10:15] {@Threei}  no go
01[10:17] {@Threei} Long Setup:  IWM  .90 break
01[10:17] {@Threei}  If holds  .80
01[10:19] {@Threei}  Invalidated
01[10:22] {@Threei}  (GR) Greece Foreign Min reportedly intends to go to Moscow on Feb 11
[10:26] {jfjf64} yhoo 93 break
01[10:27] {@Threei} Long Setup:  VXX  35 break
01[10:27] {@Threei}  If holds  .90
01[10:30] {@Threei}  valid
[10:30] {nemo} XOP
01[10:31] {@Threei}  Invalidated
01[10:40] {@Threei} Short Setup: NRG  26 break
01[10:40] {@Threei}  If holds  .10
01[10:50] {@Threei}  (US) Fed's Plosser (hawk, non-voter): There is no deflation risk in the US, important to keep inflation expectations well anchored - Wages will trend higher, wage growth will not likely "explode"- Have put together a good string of jobs data- US has exited the crisis, need to step away from crisis monetary policy
01[10:50] {@Threei}  Invalidated
01[10:51] {@Threei} Long Setup:  VXX  .10 break
01[10:51] {@Threei}  If holds  35
[10:52] {jfjf64} lets nail this one boss
01[10:53] {@Threei}  nah
01[10:53] {@Threei}  looked really promising
[10:55] {jfjf64} yes
[10:58] {jfjf64} watch rince
01[10:59] {@Threei}  changing to DKTK
01[11:01] {@Threei} Long Setup:  VXX  35 break
01[11:01] {@Threei}  If holds  .90
01[11:03] {@Threei}  grr
[11:05] {nemo} VXX here
[11:09] {jfjf64} time for drink
01[11:15] {@Threei} Long Setup:  VXX  .70 break
01[11:15] {@Threei}  If holds  .60
01[11:15] {@Threei}  Invalidated
[11:21] {RonS} wtf?  BREAKING: Netflix to offer service in Cuba
01[11:21] {@Threei}  lol
01[11:22] {@Threei}  they have internet?
[11:22] {RonS} lol... The biggest U.S. study on exercise just ran out of money
01[11:22] {@Threei} Long Setup:  JPM  .90 break
01[11:29] {@Threei}  1:1
[11:32] {RonS} BREAKING: Turkey to demand reparation payments from Greece for damages incurred during Alexander the Great's invasion
01[11:33] {@Threei}  makes sense
[11:33] {nemo} mmmhhhh...I wonder if the term "taking it Greek" comes from Alexander?
01[11:33] {@Threei}  and I heard Russia is about to demand return of Alaska
[11:34] {cosmo} and don't forget Troy...
[11:34] {jfjf64} .60 vxx
[11:34] {jfjf64} ?
[11:34] {nemo} no
[11:34] {nemo} wrong time of day for vxx long unless news hits
[11:34] {nemo} imo
[11:35] {nemo} jf if you think spy and appl will come in then take it
01[11:36] {@Threei}  The euro tested 10-day lows earlier this morning as the Greek government hardened its positions over the weekend. Greek Prime Minister Tsiparas again rejected an extension of the bailout and reiterated his intension to seek an unspecified "bridge program" from Europe even as he continues rolling back austerity.
01[11:37] {@Threei}  There is more and more talk about the real possibility that Greece will be forced out of the Eurozone as German officials pledge that Athens will not get any more EU funds. Greece's finance minister said the Euro zone could collapse "like a house of cards" if Athens were forced out. EUR/USD hit 1.1270 earlier this morning before bouncing up to 1.1336.
01[11:39] {@Threei} Long Setup:  MCD  .80 break
01[11:39] {@Threei}  If holds  .75
01[11:51] {@Threei}  meh
01[12:02] {@Threei} Long Setup:  VXX  .70 break
01[12:02] {@Threei}  If holds  .60
01[12:08] {@Threei}  shrug
[12:15] {jfjf64} shrug
[12:15] {jfjf64} drink
01[12:32] {@Threei}  (UR) President Obama: Russians have violated every committment they made under the Minsk agreement, continue to encourage a diplomatic resolution in Ukraine - press conference with Chancellor Merkel - Agreed with Merkel to continue bolstering position in Central and Eastern Europe- Reiterates sanctions have have had a large impact on Russia economy and hopeful the sanctions bring Russia to diplomacy- No decision has yet been made on providing weapons to Ukraine- German Chancellor Merkel: the success of our latest diplomatic effort in Ukraine is anything but certain; if diplomacy does not work this time Europea and the US have to examine other options.
[13:11] {nemo} relative volume is only half the 20 day average, probably most of New York took the day off
[13:17] {jfjf64} f in chop fest
01[13:18] {@Threei}  totally
[13:18] {jfjf64} xop
[13:18] {jfjf64} up here?
[13:18] {jfjf64} sorry lookin 5 min chartt
01[13:19] {@Threei}  with Greece and Russia negotiations, difficult to commit to any side, thus the chop
[13:19] {jfjf64} lol who on top
[13:20] {nemo} think market geting ready to come in a bit
[13:20] {jfjf64} what is
[13:20] {nemo} indexes setup for down, waiting on aapl
[13:25] {nemo} SPY at vwap, aapl still strong
[13:27] {nemo} I'm bored, so I type in ""
[13:28] {jfjf64} mkt gonna get hit here
[13:28] {nemo} aapl coming in looking for vxx setup
[13:29] {jfjf64} .55 in
[13:29] {nemo} ready....
[13:29] {nemo} fire!...
[13:29] {nemo} aim...
[13:29] {nemo} should work
[13:29] {jfjf64} fire bitch
[13:29] {jfjf64} im pissed
[13:29] {nemo} should get to .68
[13:29] {nemo} partial
[13:29] {nemo} still early
[13:30] {nemo} put your stop at break even
[13:30] {jfjf64} fire
[13:32] {nemo} now spy has to come back and test vwap
[13:33] {jfjf64} leavin stop b/e
[13:33] {jfjf64} you in also
[13:33] {nemo} .56
[13:33] {jfjf64} nice
[13:34] {nemo} question is do we get DKTK'd before it runs
[13:35] {jfjf64} 80 break sd get nother push
[13:35] {nemo} could move the stop to .60
[13:35] {jfjf64} vwap holdin us up
[13:35] {nemo} but that doesn't give much support
[13:35] {nemo} yeah, early though, spy has to test it's vwap unless all hell breaks aapl
[13:36] {jfjf64} aaplgo test it vwap
[13:36] {jfjf64} wd be nice
[13:37] {nemo} if it does this works fine
[13:37] {nemo} looks like down
[13:37] {jfjf64} fire
[13:37] {jfjf64} .80 break
01[13:39] {@Threei}  nice move
01[13:39] {@Threei}  good job
[13:39] {nemo} VWAP and pivot on aapl same place
[13:39] {nemo} get's there likely bounce
[13:40] {nemo} vwap stop vxx
[13:40] {nemo} frickin' aapl
[13:40] {jfjf64} yes sir
[13:40] {nemo} needs to stay under .50ish
[13:41] {nemo} nope
[13:43] {nemo} probably be another case of me should have kept original stop
[13:43] {jfjf64} small piece left here
[13:44] {jfjf64} will leave at .55
[13:44] {nemo} .60 safe now
[13:44] {jfjf64} yeah see that
[13:44] {jfjf64} ty
[13:45] {nemo} base of hammer @ .62
[13:47] {nemo} aapl the straw that serves the drink
[13:47] {nemo} stirs
[13:48] {jfjf64} looks down
[13:48] {jfjf64} im hopeing down
[13:49] {jfjf64} bad to hope
[13:49] {nemo} to me it's indeterminate
[13:49] {nemo} that was my mistake on Friday
[13:49] {nemo} and then I missed the next good entry
[13:49] {jfjf64} what
[13:50] {jfjf64} hope
[13:50] {nemo} no, I didn't take into consideration aapl on my vxx entry Friday
[13:51] {jfjf64} what aaple screw the longs
[13:52] {nemo} aapl is the #1 weighted stock in the Qs, S&P 500 Rut 1000, the market will go, especially on a range day like this, the way aapl goes
[13:53] {nemo} the only other thing you really need to watch then are the futures on the S&P if they begin to pull strongly in a direction, then the indexes will generally go that way
[13:54] {nemo} imo...that is
[13:57] {jfjf64} done
[13:58] {jfjf64} couple more them be ok
[13:58] {jfjf64} today
[13:58] {jfjf64} xop popped
[13:59] {nemo} yeah, missed that
[13:59] {nemo} bottomed near opening print
[13:59] {jfjf64} me too
[13:59] {jfjf64} wish I was watchin that one
[14:00] {nemo} it's Vad's fault
[14:00] {nemo} remember what I said about keeping your stop at .60?
[14:01] {jfjf64} i been playin round with ma   13/6  cross on 1 min chart intresting
[14:02] {jfjf64} got out .62
[14:05] {jfjf64} .89 short xop
[14:09] {jfjf64} half
[14:09] {nemo} yeah, likely vwap bounce
[14:09] {jfjf64} look vxx
[14:14] {nemo} that's why I said .60
[14:15] {jfjf64} yes ya did
[14:16] {jfjf64} aaple down
[14:16] {nemo} a bit, but not a larger time frame
[14:16] {nemo} so market dripping lower, aapl lets go, down elevator
[14:22] {jfjf64} iwm bounce
[14:23] {jfjf64} 10 break
[14:23] {nemo} I'm not into it
[14:25] {nemo} setup there though
[14:25] {jfjf64} no shit
[14:25] {jfjf64} nice confluence on indicators
01[14:26] {@Threei}  let's see if we get rinse, and buy it on 119 recross
01[14:26] {@Threei}  this is how indices act today
[14:43] {RonS} wow...Food prices in Russia rose 21% in January from last year
[14:44] {nemo} not an easy day to trade
01[14:52] {@Threei}  that's on top of sizeavle increase last year ron
[14:53] {nemo} XOP
[14:54] {nemo} arguably break of .50
[14:54] {nemo} long
[14:54] {nemo} if holds .40
[14:54] {nemo} aggressive .45 break
[14:56] {jfjf64} lower to me
01[14:56] {@Threei}  ok
01[14:56] {@Threei}  in IWM for double bottom
01[14:56] {@Threei}  stop under .90
[14:58] {jfjf64} i .51 nemo
[14:58] {nemo} me .46
[14:58] {nemo} my stop is be, not screwing around with this
[14:59] {nemo} still on the bear side of the moving averages
[14:59] {nemo} youw
[14:59] {nemo} yow
[15:00] {nemo} spy 50 day @.36ish
01[15:01] {@Threei}  sigh
[15:01] {nemo} aapl vwap .27ish, bounce coming
[15:09] {jfjf64} xop lod
01[15:19] {@Threei}  up or down into eod?
[15:19] {jfjf64} d
01[15:20] {@Threei}  VXX from under 35 on pullback then
01[15:21] {@Threei}  took .01
01[15:21] {@Threei}  shrug
01[15:21] {@Threei}  one of those days
[15:22] {jfjf64} wow
[15:23] {nemo} this the 50 day area on spy, doubt they give it up
[15:28] {jfjf64} .90 break
[15:29] {jfjf64} will try
[15:33] {jfjf64} good night boys
01[15:36] {@Threei}  take care jf
01[15:36] {@Threei}  we will get them tomorrow
[15:41] {dptl} gn all...will take a break for a bit, see ya soon........
[15:42] {RonS} cya dp
01[15:42] {@Threei}  thank you all, have a good evening
01[15:42] {@Threei}  see you tomorrow