Monday, February 23, 2015

Feb 23 2015

Day started with some back and forth, scalps and stops, but quickly got firmly on a positive side with a few strong wins, ranging from 1:2 to 1:4


Session Time: Mon Feb 23 00:00:00 2015
[08:54] {Nesi} morning vad
01[08:55] {@Threei}  nesi :)
[09:01] {Nesi} hi cosmo
[09:05] {Nesi} dino, morning
[09:05] {dino} gm, well we broke a 36 year old record for cold friday night. also the month of february is 9.5 degrees below the average temp this year.
[09:06] {Nesi} wow
01[09:06] {@Threei}  dino :)
01[09:06] {@Threei}  ouch
[09:06] {dino} yeah, its f'ing cold up here
01[09:06] {@Threei}  I almost feel guilty for our winter that wasn't
[09:06] {dino} zero f when i woke at 6, now 10 f
[09:06] {Nesi} 75 here
[09:07] {dino} ugh
[09:10] {cosmo} Nesi:)
[09:11] {cosmo} we desperately need more CO2 in this world
[09:11] {cosmo} the models must be wrong
01[09:27] {@Threei}  Goldman Sachs Cuts Commercial Aerospace Sector View to Neutral from Attractive
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -RIGL +44% (signed R&D collaboration agreement with BMY for TGF Beta Receptor Kinase inhibitors)
01[09:28] {@Threei}  -BIOC +25% (study highlights value of the company's blood-based diagnostic)
01[09:28] {@Threei}  -PPO +13% (received offer of $60.50/shr from Japan's Asashi Kasei)
01[09:28] {@Threei}  -BDLP +13% (inks automotive and non-automotive tech solutions contracts)
01[09:28] {@Threei}  -CLDX +11% (received FDA breakthrough therapy designation for treatment of adult patients with EGFRvIII-positive glioblastomas)
01[09:28] {@Threei}  -GSM +11% (announced $3.1B stock merger agreement with Grupo FerroAtlantica)
01[09:28] {@Threei}  -VRX +10% (earnings)
01[09:28] {@Threei}  -HLSS +8% (New Residential acquiring HLSS for $18.25/shr)
01[09:28] {@Threei}  -TSEM +7.5% (earnings)
01[09:28] {@Threei}  -CSC +6% (reportedly holding talks to sell itself in a two-part deal)
01[09:28] {@Threei}  -AWI +5.3% (separating into 2 public companies)
01[09:28] {@Threei}  -ADMA +5% (presented positive data from Phase 3 trial of RI-002)
01[09:28] {@Threei}  -AER +4% (earnings)
01[09:28] {@Threei}  -NSM +4% (momentum from OCN news)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -SPPI -24% (momentum from NV court ruling that Fusilev patent is invalid; negative broker commentary)
01[09:28] {@Threei}  -AXL -2.2% (earnings)
01[09:29] {@Threei}  not much on downside, eh
01[09:30] {@Threei} Long Setup:  FB  80 break
01[09:30] {@Threei}  If holds  .90
01[09:31] {@Threei}  Invalidated
01[09:33] {@Threei} Long Setup:  FCX  .85 break
01[09:33] {@Threei}  If holds  .80
01[09:34] {@Threei}  change to .80 break
01[09:34] {@Threei}  If holds  .75
01[09:35] {@Threei}  valid still
01[09:36] {@Threei}  stop .71
01[09:38] {@Threei}  to .74
01[09:38] {@Threei}  1:1
01[09:40] {@Threei} Long Setup:  FB  .95 break
01[09:40] {@Threei}  If holds  .85
01[09:41] {@Threei}  ugh sorry
01[09:41] {@Threei}  wriong symbol
01[09:41] {@Threei}  never mind
01[09:45] {@Threei} Long Setup:  FB  .70 break
01[09:45] {@Threei}  If holds  .60
01[09:46] {@Threei}  1:1
[09:50] {jfjf64} Mornin
[09:50] {jfjf64} Vrx s here
[09:51] {jfjf64} Not yet
01[09:51] {@Threei}  hey jf
[09:51] {jfjf64} Hey hey
01[09:51] {@Threei} Long Setup:  IWM  .40 break
01[09:51] {@Threei}  If holds  .35
01[09:52] {@Threei}  1:1
01[09:53] {@Threei}  second half of FB got rinsed
01[09:58] {@Threei}  FCX, watching for pullback entry
01[10:00] {@Threei} Long Setup:  DAL  .65 break
01[10:00] {@Threei}  If holds  .60
01[10:00] {@Threei}  *(US) JAN EXISTING HOME SALES: 4.82M V 4.95ME
01[10:01] {@Threei}  meh
01[10:03] {@Threei} Long Setup:  TWTR  .85 break
01[10:03] {@Threei}  If holds  .75
01[10:04] {@Threei}  Invalidated
01[10:04] {@Threei}  change to .80 break
01[10:04] {@Threei}  If holds  .70
01[10:07] {@Threei}  no go
[10:08] {jfjf64} Lookin pulls
[10:09] {jfjf64} Bk unh
01[10:09] {@Threei}  back and forth so far
01[10:09] {@Threei}  3 scalps, 2 stops, lol
01[10:10] {@Threei} Long Setup:  CAT  .60 break
01[10:10] {@Threei}  If holds  .50
[10:10] {jfjf64} .
01[10:12] {@Threei}  pioneer, see private message
01[10:13] {@Threei}  Invalidated
01[10:15] {@Threei}  (US) Preview: Feb Dallas Fed Manufacturing Activity expected at 10:30 ET (15:30 GMT) - Consensus expectations: -4.0e v -4.4 prior
01[10:16] {@Threei}  - Broad-based USD buying seen in session ahead of Feb Yellen bi-annual testimony (Tues and Wed). The greenback gains against all major and commodity-related currency pairs.
01[10:17] {@Threei} Long Setup:  GLD  .80 break
01[10:17] {@Threei}  If holds  .70
01[10:19] {@Threei}  pioneer_trading, see private message please
01[10:20] {@Threei}  1:1
01[10:21] {@Threei}  shrug... you can't say I didn't try
[10:21] {jfjf64} Fb .45 break
01[10:23] {@Threei}  1:2
[10:25] {jfjf64} No go fb here
01[10:30] {@Threei}  1:3
01[10:30] {@Threei}  finally something decent
[10:30] {jfjf64} Nice
01[10:33] {@Threei}  1:4
01[10:33] {@Threei}  out in full
01[10:34] {@Threei}  *(US) FEB DALLAS FED MANUFACTURING ACTIVITY: -11.2 V -4.0E
[10:40] {dino} GDPpD hl l .45
[10:41] {RonS} chemical formula?
[10:41] {jfjf64} Lol
01[10:41] {@Threei}  lol
[10:49] {jfjf64} AAPL s.15
[10:51] {jfjf64} Now die
01[10:56] {@Threei} Long Setup:  FB  .15 break
01[10:56] {@Threei}  If holds  .05
01[10:58] {@Threei}  Invalidated
[11:00] {dino} stop pdppd
01[11:00] {@Threei} Long Setup:  IWM  .60 break
01[11:00] {@Threei}  If holds  .50
01[11:01] {@Threei}  1:1
[11:01] {RonS} noone could type it to buy it...pdppd
01[11:01] {@Threei}  lol
[11:10] {dino} pdppd sm l .75
[11:12] {RonS} can't even pull it up here...
01[11:12] {@Threei}  neither can I
[11:13] {dino} sorry its GDPpD
01[11:13] {@Threei}  I just applaud dino and hope he is not pulling our leg by typing random made-up symbols
[11:13] {Nesi} :)
06[11:14] * @Threei kicks IWM in the rear
01[11:14] {@Threei}  nesi, look pm
[11:14] {RonS} can't find that one either...
01[11:14] {@Threei}  told ya ron... he is having fun
[11:14] {dino} try gdpPd
[11:15] {dino} goodrich pete preferred
[11:15] {dino} dropped 2.63
01[11:15] {@Threei}  1:3
01[11:16] {@Threei}  I get GDP for actual shares
01[11:16] {@Threei}  but not preferred
01[11:16] {@Threei}  1:2
01[11:16] {@Threei}  sorry
[11:16] {dino} i have the preferrds, my system lists it
01[11:16] {@Threei}  1:3
01[11:20] {@Threei}  1"4
01[11:20] {@Threei}  out
[11:22] {dino} gj
01[11:22] {@Threei}  ty
01[11:34] {@Threei}  (GR) Eurogroup's Dijsselbloem: optimistic that the Greek reform letter and measures to come today will be strong enough
01[11:42] {@Threei} Long Setup:  FCX  .70 break
01[11:42] {@Threei}  If holds  .60
[11:44] {Nesi} you killing it today vad
01[11:44] {@Threei}  friday was better
[11:45] {Nesi} so there are no more news plays anymore ,vad?
01[11:45] {@Threei}  not in a sense "just buy on news"
01[11:45] {@Threei}  news triggers activity, then we look for a setup
[11:46] {Nesi} no more fast triggers
01[11:46] {@Threei}  but that stupid "oh look, good news on XYZ, let's buy it" - that's stone age
[11:46] {Nesi} so much has changed
01[11:47] {@Threei}  what fast triggers... fast triggers today are computer programs that put and cacel quotes in milliseconds
01[11:47] {@Threei}  good luck outrunning that
01[11:47] {@Threei}  and why, to scalp 1/10th of a cent?
[11:47] {Nesi} i see
01[11:47] {@Threei}  nothing changed in good old-fashioned trading
01[11:48] {@Threei}  there are setups that work
01[11:48] {@Threei}  just as they did 10, 15 and 100 years ago
[11:48] {RonS} that HFT co coming public listed in their red herring they have only had 1 losing day in 1273...or thereabouts
01[11:48] {@Threei}  fools that tried to cowboy 1998 are extinct
01[11:49] {@Threei}  a few of them took troubles to learn what actual trading is
01[11:49] {@Threei}  and still are around
01[11:49] {@Threei}  your faithful is one of them
01[11:50] {@Threei}  all those heroes of cowboy days, no one remembers their names anymore
01[11:50] {@Threei}  cheetah...
01[11:50] {@Threei}  who else
01[11:50] {@Threei}  majic
[11:50] {Nesi} most of them
[11:51] {dino} tgalking about me i see, miss those late 90s trading deays
[11:51] {Nesi} old reading tape should work
[11:53] {Nesi} It means you have an Internet issue Try to restart the computer or the router
[12:00] {Nesi} test
01[12:02] {@Threei}  passed
01[12:06] {@Threei} Long Setup:  VXX  .10 break
01[12:06] {@Threei}  If holds  29
01[12:13] {@Threei}  scratching FCX
01[12:20] {@Threei}  let's go VXX
01[12:21] {@Threei}  SPY wss consolidating for this breakdown for a good while
01[12:21] {@Threei}  finally broke support
01[12:44] {@Threei}  1:1
01[12:57] {@Threei}  FCX scratch was a good idea
01[13:05] {@Threei}  difficult to tell whether SPY reverses here or drops more
01[13:06] {@Threei}  VXX stop for the second half is still at b/e, but trail to .14 after .25 break
01[13:14] {@Threei}  GR) Greece govt official notes the measures will be provided to Eurogroup on Tuesday morning, confirms proposals will include reforms on tax evasion, corruption - Reforms to include cuts to bureaucracy and reform to public sector**Note: The deadline for submitting the reform proposals was supposed to be Monday at midnight in Europe
01[13:15] {@Threei}  poor Nesi... can't make new trading software work
01[13:15] {@Threei}  connection error no one ever seen before, lol
01[13:31] {@Threei}  just a scalp VXX
[13:32] {RonS} crude $1 spike in seconds
01[13:32] {@Threei}  OPEC could call for an extraordinary meeting to discuss oil price decline - financial press - Cites Nigeria oil Minister that indicates that members of OPEC did discuss the potential to hold an emergency meeting if crude price continues to decline
[13:36] {dino} .
[13:37] {RonS} never ceases to amaze me...snow melts here with light cloud cover and temp 16 F
01[13:41] {@Threei}  you know dino hates you right now, right?
01[13:42] {@Threei}  then again, he hates all of us but Raven
[13:42] {dino} lol
01[13:42] {@Threei}  he is almost equal opportunity hater
01[13:43] {@Threei}  and looking at their winter, who could blame him
[13:43] {dino} supposed to be negative temps at night the remainder of this week
01[13:44] {@Threei}  I see west cpast in your future, dino
01[13:44] {@Threei}  coast
01[13:44] {@Threei}  at some point you will get tired of that white crap
[13:45] {dino} getting there, but will not move until my daughter is out of high school
01[13:48] {@Threei}  how long yet?
[13:54] {dino} 3 years
01[13:55] {@Threei}  ouch
[13:56] {dino} actually 10 years, wife retires then, so stuck until then. oh well, i'll live
[14:03] {RonS} tts rockin
01[14:07] {@Threei}  OIL is back down
01[14:07] {@Threei}  full roundtrip
01[14:38] {@Threei}  Unnamed OPEC delegate says the cartel has no current plans to hold an emergency meeting - financial press - The source says there have been no material discussions about an extraordinary meeting ahead of the June 6 regular meeting.
01[14:38] {@Threei}  lol
[14:44] {RonS} vdsi drubbed
01[14:58] {@Threei} Long Setup:  VXX  .25 break
01[14:59] {@Threei}  last hour should show some selling... not sure it's time for entry yet byt looks right
01[14:59] {@Threei}  If holds  .15
[15:03] {dino} added true calls
01[15:04] {@Threei}  as opposite to false calls?
01[15:04] {@Threei}  1:1
[15:05] {dino} lol
01[15:05] {@Threei}  nailed market breakdown
01[15:06] {@Threei}  1:2
01[15:06] {@Threei}  jf misses all the fun again
01[15:10] {@Threei}  day low is near on SPY
01[15:10] {@Threei}  will try to ride it
[15:11] {dino} nice read
01[15:11] {@Threei}  ty
01[15:22] {@Threei}  (US) Fed's Williams (dove, FOMC voter): FOMC members should have a "serious discussion" over potential rate hike in June - Nikkei interview - Says: "I wouldn't want to eliminate the possibility of a rate hike in June." - Improvement in US labor market has been "remarkable".
[15:23] {RonS} douch...anything but remarkable...
[15:23] {RonS} +e
01[15:25] {@Threei}  how would he know from his ivory tower
[15:25] {RonS} he can see the labor force participation rate...
[15:26] {RonS} ...and part time v full time...
[15:30] {RonS} cybr rip cord time...
01[15:55] {@Threei} Long Setup:  FCX  .60 break
01[15:55] {@Threei}  nah
01[15:55] {@Threei}  no time
01[15:55] {@Threei}  ok guys, decent day
[15:55] {dino} out gdppd .15, +.40
01[15:55] {@Threei}  thank you, have a good evening
01[15:55] {@Threei}  see you tomorrow
[15:57] {dino} gn all