Tuesday, May 26, 2015

May 26 2015

Not our day, as hits and misses took turn, leaving us with slightly negative end result. 


Session Time: Tue May 26 00:00:00 2015
[08:52] {dino} gm
01[08:52] {@Threei}  dino :)
[09:11] {drewj} gm
01[09:11] {@Threei}  drew :)
01[09:17] {@Threei}  goes without comments that: Uncertainty over Greece might lead to financial instability
01[09:17] {@Threei}  - ECB's Hansson (Estonia) stated that Greece situation was complicated; agreement was not in sight at this time
01[09:18] {@Threei}  endless saga
[09:26] {dino} let me guess, ecb will loan them enough to make the june interest pmt
01[09:27] {@Threei}  and then IMF will loan them money to pay back to ECB
[09:27] {nemo} http://www.scmp.com/tech/innovation/article/1808963/worlds-first-robot-kitchen-cooks-visitors-ces-asia-shanghai
01[09:29] {@Threei}  Downside:-ETSY -6% (company's sellers have been targeted by AMZN email promoting the Amazon hand-crafted goods marketplace)
01[09:30] {@Threei}  Upside:-GKNT +120% (being acquired by Hot Topic)-PBMD +20% (CVac shows clear trend for overall survival in second remission ovarian cancer)-LPSN +14% (NICE could seek to bid $600-650M)-CERU +7.4% (CRLX101 receives FDA orphan drug designation for treating ovarian cancer)-TWC +5.3% (deal with CHTR)-CVC +5.2% (momentum from CHTR/TWC deal)-FOLD +4.4% (Fabry monotherapy granted accelerated assessment by European regulators)-BPMC +3.4% (positive broker commentary)-BLDP +1.5% (received order breakthrough tech solutions project from Nisshinbo)
01[09:32] {@Threei} Long Setup:  FCX  .70 break
01[09:32] {@Threei}  If holds  .60
01[09:35] {@Threei} Long Setup:  FB  .30 break hl
01[09:35] {@Threei}  If holds  .20
01[09:35] {@Threei}  fast
01[09:35] {@Threei}  1:1
01[09:36] {@Threei}  FCX holding well
01[09:37] {@Threei}  any SPY bounce should send it up
01[09:38] {@Threei}  KORS Seeing early put activity- Aug 60 puts traded 1600 times ahead of earnings tomorrow
01[09:39] {@Threei}  .75 wall
01[09:39] {@Threei}  let's trail FCX to .63
01[09:39] {@Threei}  takes too long
01[09:42] {@Threei} Long Setup:  AIG  .40 break
01[09:43] {@Threei}  If holds  .30
01[09:45] {@Threei}  *(US) MAY PRELIMINARY MARKIT SERVICES PMI: 56.4 V 56.5E
[09:45] {dino} abmd sm l .89 gappy
01[09:45] {@Threei}  Invalidated  AIG
01[09:46] {@Threei}  (US) Preview: Apr New Home Sales expected at 10:00 ET (14:00 GMT) - Consensus expectations: 505Ke v 481K prior
01[09:46] {@Threei}  SPY no strength
[09:46] {nemo} what was ur first clue?
01[09:46] {@Threei}  meh FCX
[09:47] {nemo} ctrp dump
01[09:47] {@Threei}  AIG, watching for double bottom if pulls back to .30
01[09:49] {@Threei} Long Setup:  FB  .10 break
01[09:49] {@Threei}  If holds  80
01[09:49] {@Threei}  Invalidated
01[09:51] {@Threei}  what is it, no buying dip today?
01[09:52] {@Threei} Long Setup:  JPM  .70 break
01[09:53] {@Threei}  If holds  .60
01[09:54] {@Threei}  AIG got away
01[09:56] {@Threei} Long Setup:  FB  .90 break
01[09:57] {@Threei}  If holds  .80
01[09:57] {@Threei}  three nice tails
01[09:57] {@Threei}  it's time
01[09:59] {@Threei}  1:1  JPM
01[10:00] {@Threei}  wow FB
01[10:00] {@Threei}  Invalidated
01[10:00] {@Threei}  *(US) APR NEW HOME SALES: 517K V 505KE
01[10:00] {@Threei}  *(US) MAY CONSUMER CONFIDENCE: 95.4 V 95.0E
01[10:01] {@Threei}  frikin AIG... look at that
01[10:01] {@Threei}  good thing jf is not here this morning, he would be ripping off hair on his head
01[10:02] {@Threei}  1:2  JPM
[10:03] {nemo} not a problem u would have 3i
01[10:03] {@Threei}  well... partially
01[10:04] {@Threei} Long Setup:  FB  .85 break
01[10:04] {@Threei}  If holds  .75
01[10:06] {@Threei}  valid still
01[10:09] {@Threei}  come on already FB
01[10:09] {@Threei}  time to fly
01[10:10] {@Threei}  market amazingly weak today
[10:10] {nemo} it was strong most of last week
01[10:10] {@Threei}  no go FB
[10:11] {nemo} algo solid red
[10:11] {nemo} DE and YY only stocks on strong side
[10:11] {nemo} for all the red not alot of index drop, might be bottoming
01[10:14] {@Threei} Long Setup:  MCD  .80 break
01[10:14] {@Threei}  If holds  .70
[10:15] {dino} abmd stopped -.36
[10:20] {cosmo} Mkt does not like strong home sales methinks...
[10:21] {cosmo} could mean higher rates come sooner...
01[10:22] {@Threei}  the worse the better logic was driving this market for years
01[10:23] {@Threei}  MCD stop to .74
01[10:26] {@Threei}  1:1
01[10:26] {@Threei}  by the book from here
01[10:27] {@Threei}  looks like bottom is in
01[10:27] {@Threei} Long Setup:  AIG  .60 break
01[10:27] {@Threei}  If holds  .50
[10:27] {dino} abmd sm l .72
01[10:33] {@Threei}  Invalidated  AIG
[10:34] {nemo} tough read day
01[10:34] {@Threei}  just goes against the grain of what we had for very long
01[10:35] {@Threei}  thus, change in approach is required, but that doesn't come in a single day
[10:35] {nemo} yeah, but transition time to summer season...dktk will start becoming more prevalent
[10:35] {dino} abmd stopped again -,32
01[10:35] {@Threei}  first gotta make sure that market really changed and it's not just one day fluke
01[10:36] {@Threei}  overall yes, but today DKTK wouldn't help
01[10:36] {@Threei}  there are no rinses
01[10:36] {@Threei}  simply short setups needed instead of long - trend continuation and not reversal
[10:42] {dino} jmei drop
[10:44] {dino} h spike
01[10:45] {@Threei}  LL
01[10:45] {@Threei}  [LL] Hearing vague chatter of activist investor interest - Emanating from a tweet: Uncle @Carl_C_Icahn making another Tilson sandwich with a slice of Chapman? @CGasparino $LL
01[10:49] {@Threei} Long Setup:  AIG  .40 break
01[10:49] {@Threei}  If holds  .30
01[10:56] {@Threei}  no go'
[11:04] {dino} jmei sm l .60
01[11:07] {@Threei} Long Setup:  RIG  .60 break
01[11:07] {@Threei}  If holds  .50
01[11:17] {@Threei}  let's scratch it, not liking how it trades
01[11:19] {@Threei}  actually, not liking whole day today, but that's beside the point
01[11:24] {@Threei}  this finally looks like real reversal
01[11:25] {@Threei} Long Setup:  FB  .30 break
[11:25] {dino} 07 says not
01[11:25] {@Threei}  If holds  .20
01[11:26] {@Threei}  nah, this is last pullback
[11:26] {dino} jmei stop -.28
01[11:29] {@Threei}  1:1
01[11:29] {@Threei}  let's go FB, don't be a scalp
01[11:29] {@Threei}  .70 easy
06[11:32] * @Threei kicks FB in the rear
[11:33] {dino} jmei hl l .00
01[11:36] {@Threei}  1:2
[11:37] {dino} cmt sm l .82
[11:39] {dino} out fb .50, +.19, ty 3i
01[11:40] {@Threei}  yw
01[11:41] {@Threei}  I want 1:4
01[11:41] {@Threei}  and ice cream
01[11:41] {@Threei}  and some scotch
[11:42] {dino} i want bourbon
[11:42] {dino} i want scotch
[11:42] {dino} i want beer
[11:42] {dino} sedg spike
01[11:42] {@Threei}  and nemo shrugs and wants vodka
[11:55] {dino} jmei stopped -.23
[11:55] {dino} not my day
01[11:57] {@Threei}  1:3
[11:57] {dino} gj
01[11:57] {@Threei}  ty
[11:59] {dino} asps spike
01[12:02] {@Threei}  1:4 baby
01[12:02] {@Threei}  close enough
01[12:02] {@Threei}  out
01[12:02] {@Threei}  (US) Senate Judiciary Committee Chairman Grassley (R-IA) calls on FTC to investigate "possibly abuses" consumers may have suffered from third-party websites that help consumers book hotel rooms
01[12:02] {@Threei}  much better
01[12:03] {@Threei}  couple more of such trades and day will become tolerable
01[12:21] {@Threei} Short Setup: DAK  .15 break
01[12:21] {@Threei}  DAL
01[12:21] {@Threei}  If holds  .25
01[12:22] {@Threei}  The DJIA is down triple-digits this morning as the dollar soars and the 10-year yield drops five basis points. As of writing, indices appear to have bottomed out with the DJIA down 0.95%, the S&P500 off 0.89% and the Nasdaq down 1.10%.
01[12:22] {@Threei}  In Greece, PM Tsipras scored a rare political victory in gaining Syriza's approval to reach a bailout deal with European creditors, however the revolt by Syriza's left-wing fringe showed that patience is running out with the negotiation process.
01[12:23] {@Threei}  European figures reiterated that time and liquidity are running out ahead of Greece's next big IMF payment crunch on June 5th, and negotiations apparently remain tough. Greek figures were warning that absent a deal, there is no money available to make the June 5th payment.
01[12:25] {@Threei}  sheesh
01[12:25] {@Threei}  2 cents from 1:1
01[12:26] {@Threei}  no go
01[12:26] {@Threei}  this is irritating
01[12:48] {@Threei} Short Setup: AIG  .20 break
01[12:49] {@Threei}  If holds  .30
01[13:04] {@Threei}  Invalidated
01[13:06] {@Threei}  should have recalibrated to .30 break
01[13:13] {@Threei} Long Setup:  FB  .40 break
01[13:13] {@Threei}  If holds  .30
01[13:17] {@Threei}  change to .30 break
01[13:17] {@Threei}  If holds  .20
01[13:18] {@Threei}  nice-looking double bottom
01[13:18] {@Threei}  if triggers
01[13:23] {@Threei} Short Setup: AIG  .10 break
01[13:24] {@Threei}  If holds  .20
01[13:25] {@Threei}  SPY says enough is enough
01[13:27] {@Threei}  1:1  FB
01[13:35] {@Threei}  break .45 and fly
01[13:35] {@Threei}  (please)
01[13:37] {@Threei}  AIG is valid again
01[13:52] {@Threei}  FB again
01[13:52] {@Threei}  same setup
01[13:52] {@Threei}  .30 break long
01[14:13] {@Threei}  no go AIG
[14:20] {dino} markets barely moving
[14:20] {dino} post spike
[14:20] {dino} sm s .00
[14:21] {dino} abmd hl l .95
[14:23] {dino} out cmt .29, +.46
[14:24] {dino} post stop .24 -.24
[14:25] {dino} post sm s .52
[14:27] {dino} cov post .81, +.71
[14:29] {drewj} nice dino
[14:29] {dino} ty
[14:33] {dino} stop abmd .63 -.32
[14:33] {dino} like pulling teeth
01[14:34] {@Threei}  annoying day eh?
[14:34] {dino} yeah, miss, miss, hit, miss, miss, hit, hit, miss
01[14:36] {@Threei}  exactly
[14:38] {dino} calm drop
01[14:39] {@Threei}  as opposed to turbulent drop?
[14:39] {dino} lol, symbol calm
01[14:39] {@Threei}  :)
[14:39] {dino} sm l .88
[14:44] {dino} out calm .55, +.67
01[14:48] {@Threei}  wtg
[14:49] {dino} ty
[14:51] {dino} calm sm l .16
01[14:53] {@Threei} Long Setup:  MCD  .50 break
01[14:53] {@Threei}  If holds  .40
01[14:55] {@Threei}  change to .45 break
[14:56] {dino} stop calm .91 -.24
01[14:56] {@Threei}  If holds  .35
[14:57] {dino} calm sm l .25
[14:58] {dino} too soon
01[14:59] {@Threei}  grrr
01[15:00] {@Threei}  end of day is likely to be a selloff
[15:01] {dino} -300 in the making
[15:01] {dino} sell 18,200s buy 17,700s
01[15:05] {@Threei}  frikin MCD
[15:05] {dino} adjusted calm, ave .85
[15:06] {dino} stopped .55, -.30
[15:07] {dino} calm l .71
01[15:07] {@Threei}  [EUR/USD] EUR/USD Sets fresh session lows
01[15:11] {@Threei} Long Setup:  VXX  .52 break
01[15:11] {@Threei}  If holds  .45
[15:11] {dino} calm stopped again, sheesh
01[15:11] {@Threei}  let's see if we can catch closing panic
[15:14] {dino} ugh, rinsed
01[15:14] {@Threei}  no panic yet
01[15:14] {@Threei}  probably better chance on last 30 min
01[15:15] {@Threei}  for now, fakeout with some rally attempt is more likely
[15:15] {cosmo} I guess a selling climax is out of the question here...
01[15:16] {@Threei} Long Setup:  FB  .35 break
01[15:16] {@Threei}  If holds  .25
01[15:18] {@Threei}  change to .30 break
01[15:18] {@Threei}  If holds  .20
01[15:21] {@Threei}  Invalidated
01[15:23] {@Threei} Long Setup:  VXX  .40 break
01[15:24] {@Threei}  If holds  .34
01[15:27] {@Threei}  let's get some juicy panic, market
01[15:30] {@Threei}  sheesh
01[15:30] {@Threei}  I dislike today more and more
01[15:37] {@Threei}  last try
01[15:37] {@Threei} Long Setup:  VXX  .35 break
01[15:39] {@Threei}  stop .27
01[15:46] {@Threei}  hurry up market
01[15:46] {@Threei}  I mean hurry down
[15:46] {nemo} spy getting to vwap
01[15:52] {@Threei}  6 min left
01[15:52] {@Threei}  move your butt VXX
01[15:55] {@Threei}  3 min
01[15:57] {@Threei}  1 min
01[15:58] {@Threei}  OK... closing with tiny scalp
01[15:58] {@Threei}  did I mention that I hated today?
01[15:58] {@Threei}  have a good evening guys, we will get them tomorrow\
[15:58] {dino} yeah, several times
[15:58] {dino} hated it too
[15:58] {dino} gn all