Thursday, March 12, 2015

Mar 12 2015

Quite boring day, as many of these slow climb sessions tend to be. For the most part of the day market remained flatlined. Finished positive, but without any fireworks. Taking a short break for a few days, so next trading session is going to be on Wed, March 18.

Session Time: Thu Mar 12 00:00:00 2015
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
01[09:03] {@Threei}  you are off tomorrow, and back on Wed, right?
[09:05] {dino} yes
[09:06] {dino} that doesn't mean you guys are off, i expect you to work hard while i'm away. no slacking!
01[09:06] {@Threei}  nope, we fully intend to use it as an excuse to slack off
01[09:07] {@Threei}  konoby, look private message please
[09:08] {RonS} mu smacked off intc lowered sales guidance
[09:08] {RonS} gm btw
01[09:08] {@Threei}  ron :)
[09:09] {konoby} gm
01[09:11] {@Threei}  konoby :)
01[09:11] {@Threei}  double-click on my name to read the private message
[09:13] {konoby} trying
01[09:14] {@Threei}  new window should pop up when you do
[09:15] {konoby} its not
01[09:16] {@Threei}  see on top, where $discussions and #floor are, there should be one more with Threei on it
01[09:16] {@Threei}  left-click that
[09:17] {konoby} got it,just pm you back
[09:23] {dino} welcome konoby
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -JASO +7% (earnings)
01[09:24] {@Threei}  -LL +6% (company issues Q1 guidance)
01[09:24] {@Threei}  -ZOES +5.5% (earnings)
01[09:24] {@Threei}  -PQ +3.6% (elects not to proceed with public offering of common stock)
01[09:24] {@Threei}  -MS +3.4% (CCAR results)
01[09:24] {@Threei}  -AZN +3% (PhaseBio raises $40M Series C financing led by AZN)
01[09:24] {@Threei}  -UTX +2.2% (confirmed exploration of strategic alternatives for Sikorsky aircraft business)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -ACAD -21% (delayed NUPLAXIDTM NDA to 2H '15 and the CEO retired effective immediately)
01[09:25] {@Threei}  -BOX -17% (earnings)
01[09:25] {@Threei}  -KKD -8% (earnings)
01[09:25] {@Threei}  -SHAK -8% (earnings)
01[09:25] {@Threei}  -CYBR -7% (priced 4M shares at $51/shr)
01[09:25] {@Threei}  -INTC -4% (guided Q1 lower)
01[09:25] {@Threei}  -CUR -3.7% (Phase 2 trial of NSI-566 met primary endpoint)
01[09:25] {@Threei}  -XOMA -3.2% (earnings)
01[09:25] {@Threei}  -MSFT -2.3% (sympathy move from INTC comments on demand for desktop PC weakness)
01[09:25] {@Threei}  -HPQ -1.7% (negative broker commentary; INTC comments on PC demand)
01[09:30] {@Threei} Long Setup:  FB  78 break
01[09:30] {@Threei}  If holds  .90
01[09:31] {@Threei}  1:1
01[09:31] {@Threei}  tough for execution though
01[09:31] {@Threei}  1:2
01[09:32] {@Threei}  1:3
01[09:32] {@Threei}  out
01[09:32] {@Threei}  got only 600
01[09:32] {@Threei} Long Setup:  VXX  .70 break
01[09:32] {@Threei}  If holds  .60
01[09:34] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  VXX  .60 break
01[09:35] {@Threei}  If holds  .50
01[09:36] {@Threei}  nope
01[09:42] {@Threei} Short Setup: MCD  .55 break
01[09:42] {@Threei}  If holds  .60
01[09:43] {@Threei}  Invalidated
01[09:45] {@Threei} Short Setup: TWTR  .15 break
01[09:45] {@Threei}  If holds  .25
[09:47] {dino} acad sm l .60
01[09:47] {@Threei}  1:1
[09:47] {dino} stopped -.30
01[09:48] {@Threei}  1:2
01[09:51] {@Threei} Short Setup: FB  .60 break
01[09:51] {@Threei}  If holds  .70
01[09:52] {@Threei}  nice bid to break
01[09:54] {@Threei}  no go
01[09:56] {@Threei} Short Setup: JPM  .25 break
01[09:57] {@Threei}  If holds  .35
01[09:57] {@Threei}  Invalidated
01[10:00] {@Threei}  *(US) JAN BUSINESS INVENTORIES: 0.0% V 0.1%E
01[10:01] {@Threei} Short Setup: JPM  .30 break
01[10:01] {@Threei}  If holds  .40
01[10:01] {@Threei}  FB rinsed
[10:08] {dino} acad sm l .71
01[10:09] {@Threei}  no go
[10:10] {dino} acad stopped again, tricky
01[10:18] {@Threei} Long Setup:  VXX  .45 break
01[10:18] {@Threei}  If holds  .35
01[10:30] {@Threei}  (PL) Poland National Security Bureau's Koziej: Poland is already a target of coordinated Russian information war; to organize nationwide military drills in the second half of 2015
01[10:31] {@Threei}  [LL] CEO: we remain confident in the safety of our products - conf call Call volume to customer centers rose after the 60 Minutes broadcast but is now starting to normalize. To reassure our customers, we have implemented an air quality testing program at no cost to the customer. The testing is done by an independent third-party lab for an initial screening.
01[10:32] {@Threei}  no go VXX
01[10:32] {@Threei}  not liking today very much
01[10:32] {@Threei}  trading jabs
01[10:35] {@Threei}  LL explosion
01[10:35] {@Threei}  followed by implosion
01[10:35] {@Threei}  someone was slow to read news?
[11:05] {dino} wynn drop
[11:06] {RonS} day 5 or 6?
[11:14] {dino} ?
01[11:15] {@Threei}  float up again
01[11:15] {@Threei}  watching IWM for pullback entry
01[11:20] {@Threei}  wow
01[11:20] {@Threei}  Mexican authorities say a 35-year-old Canadian woman died from injuries suffered when a surfacing gray whale crashed onto a tourist boat.
01[11:21] {@Threei}  seeing those things up close, I wonder how anyone survived in that boat
[11:21] {RonS} ..."but the picture she shot was amazing..."
01[11:21] {@Threei}  lol
01[11:24] {@Threei}  US equities have broken two days of losses and are making good gains in the first half of the trading day
01[11:24] {@Threei}  February retail sales declined 0.6%, missing expectations for a slight gain, with broad-based declines blamed on the coldest February in nearly 20 years. Auto sales declined 2.5%, ex autos and gas sales fell by 0.2%, electronics sales were down 1.2%, building materials sales fell 2.3%, and department store sales fell 1.4%. The initial weekly claims numbers fell to a three-week low.
01[11:24] {@Threei}  The euro crept below 1.0500 to the dollar during the Asia session for fresh 12-year lows while the dollar index briefly tested the 100 level for the first time since 2003.
01[11:25] {@Threei}  All major banks passed the Fed's CCAR capital review, although the Fed also did not approve two out of the 31 capital plans submitted. The Fed rejected capital plans of the US units of Deutsche Bank and Santander "on qualitative concerns."
01[11:26] {@Threei}  Intel cut its first quarter guidance thanks to lower chip inventories at PC manufacturers and the slowing desktop PC upgrade cycle. Intel also cited macroeconomic and currency effects. A broad swath of names were down 3% or more on the news; HPQ and STX both regained losses, while AMD and INTC were both still off 3% as of writing. Note also that there is speculation Intel may supply the LTE wireless modem chip for the iPhone in 2016, replacing a Qualcomm chip.
[11:32] {RonS} hotr busting a move
[11:46] {RonS} tough crowd...hotr is Hooters...
01[11:46] {@Threei}  lol
01[11:54] {@Threei} Long Setup:  IWM  .30 break
01[11:54] {@Threei}  If holds  .25
01[11:54] {@Threei}  very tight stop, lunch time
01[11:55] {@Threei}  meh
[11:57] {dino} acad sm l .14
01[12:03] {@Threei} Short Setup: FB  .70 break
01[12:03] {@Threei}  If holds  .80
01[12:08] {@Threei}  1:1
01[12:15] {@Threei}  Russia's relations with many Western nations, including the United States, may be at their worst levels since the Cold War, but its relationship with North Korea is blooming fast
01[12:15] {@Threei}  pssst... make sure you invite Zimbabwe to that union
[12:19] {dino} acad stop -.32
01[12:38] {@Threei}  LL Kase Capital (Tilson, short the name) calls comments made today by the company a continuation of their tactics of distraction and deception
01[13:12] {@Threei} Long Setup:  IWM  .45 break
01[13:12] {@Threei}  If holds  .35
01[13:19] {@Threei}  1:1
01[13:26] {@Threei}  market is glued to flat line
02[13:36] * Disconnected
Session Close: Thu Mar 12 13:36:02 2015

Session Start: Thu Mar 12 13:36:02 2015
Session Ident: #discussions
02[13:38] * Attempting to rejoin channel #discussions
03[13:38] * Rejoined channel #discussions
01[13:38] {Threei}  Lost internet
01[13:39] {Threei}  all of it
[13:39] {RonS} wow
01[13:39] {Threei}  but worry not... found it again
01[13:39] {Threei}  and I have spare one somewhere in the closet
01[13:49] {Threei}  Radio Liberty: The Internet thinks Putin is dead
01[13:49] {Threei}  I say Internet is overly optimistic
01[13:50] {Threei}  Russian President Vladimir Putin has not been seen in public since March 5.
01[13:50] {Threei}  And with little further information to go by -- his press secretary, Dmitry Peskov, said simply that there is "no reason to worry" and "everything is fine" -- some have naturally assumed the most drastic possible thing that could have happened is what did happen.
01[13:52] {Threei} Long Setup:  IWM  .60 break
01[13:52] {Threei}  If holds  .50
01[13:53] {Threei} Long Setup:  FB  .70 break
01[13:53] {Threei}  If holds  .60
01[13:54] {Threei}  Twitter is merciless:
01[13:54] {Threei}  -Putin can't die.
01[13:54] {Threei}  -Why?
01[13:54] {Threei}  -It's not profitable.
01[13:56] {Threei}  FB is aggressive for all-out .80 break
01[13:58] {Threei}  SPY 3 cents from day high
01[13:58] {Threei}  ugh... stop this pullback nonsense, just break it
01[13:59] {Threei}  (US) Preview: Jan Monthly Budget Statement due out at 14:00ET (18:00 GMT)- Consensus expectations: -$191.0Be v -$193.5B prior
01[13:59] {Threei}  *(US) FEB MONTHLY BUDGET STATEMENT: -$192.3B V -$191.0BE
01[14:00] {Threei}  1:1  FB
01[14:15] {Threei}  JUST NOW: The minimum wage in BC will increase to $10.45 in September, up from $10.25.
01[14:15] {Threei}  yay...
01[14:16] {Threei}  wait... no one pays me
01[14:26] {Threei}  1:1  IWM
[14:30] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[14:30] {Threei}  amazingly boring day
01[14:30] {Threei}  every trade is like pulling teeth
01[14:31] {Threei}  I like those down days much more... this slow grind-up is painfully, well, slow
[14:34] {dino} same here 3i, my best days are big gap downs
[14:39] {dino} nemo would have told me at open to go back to bed
01[14:41] {Threei}  to be fair, he tells it to everyone, and then lets males out
01[15:00] {Threei}  FB really goes now
01[15:08] {Threei} Long Setup:  VXX  .80 break
01[15:08] {Threei}  If holds  .75
01[15:10] {Threei}  Invalidated
01[15:10] {Threei}  for now
01[15:19] {Threei} Long Setup:  VXX  .75 break
01[15:19] {Threei}  If holds  .65
01[15:26] {Threei}  Invalidated
01[15:28] {Threei}  there has to be some pullback here
01[15:33] {Threei} Long Setup:  FB  .90 break
01[15:34] {Threei}  If holds  .80
01[15:39] {Threei}  let's go FB, give us last trade of the day
01[15:39] {Threei}  and make it a good one
01[15:44] {Threei}  1:1
[15:45] {RonS} good enough for tomorrow and monday off still?
01[15:46] {Threei}  and tues, as dino is back on wexd
01[15:46] {Threei}  wed
01[15:46] {Threei}  little vacation
[15:47] {RonS} ok...have fun dino and be safe
01[15:47] {Threei}  so... enjoy a few days off, and see you on Wed
01[15:47] {Threei}  dino, you have fun and safe trip
01[15:47] {Threei}  and get some suntan, this pasty look is unbecoming
06[15:48] * Threei kicks FB in the rear
[15:49] {dino} lol and thanks. see you on wednesday
01[15:49] {Threei}  :)
01[15:49] {Threei}  konoby, got any questions before we take a break till Wed?
01[15:56] {Threei}  OK, closing FB
01[15:56] {Threei}  slighly positive and horribly boring day
01[15:56] {Threei}  see you Wed!
[15:59] {dino} gn all