TradeTheNews.com Weekly
Market Update: May M&A headlines an eventful close to the month
Fri, 29 May 2015 16:16 PM EST
May ended with a shortened yet lively week of trading. Many global markets were
closed on Monday for holidays, including Memorial Day in the US, and on Tuesday
US markets saw a very broad-based selloff. US equities bounced back midweek,
but saw another dip on Friday. Traders saw several notable M&A announcments
lead to ever more rumors of consolidation to position around as the week
progressed. Chinese equities stumbled hard for a second time this month as the
Shanghai Composite declined 6.5% on Thursday from a seven-year high the day
before on concerns over tight liquidity and stricter margin requirements. In
Europe, Greece's position became even more tenuous as deposit outflows
accelerated. Despite Greek officials' declarations that an accord is near, any
comprehensive deal still feels a ways away as a June IMF payment deadline
approaches. The April Eurozone M3 money supply data provided more tantalizing
evidence the ECB's QE program is starting to work as intended: the three-month
average growth in M3 money accelerated to its fastest pace since 2009, building
on the similarly good results seen in the March reading. Japan was an outlier:
the Nikkei extended its winning streak to eleven consecutive sessions, its
longest streak since 1988 while the Yen declined to a 12 year low against the
Dollar. The US Treasury market easily digested coupon, bill and floating rate
note supply to see the benchmak10-year yield decline by 10 basis points. For
the week, the DJIA -1.2%, the S&P500 -0.9% and the Nasdaq -0.4%.
As expected Q1 US GDP turned negative in the second reading, dropping to -0.7%
from the +0.2% advance report. The contraction was slightly less than expected.
Personal consumption was revised slightly lower with the decrease primarily
reflecting negative contributions from exports, nonresidential fixed
investment, and state and local government spending. The advance April durable
goods report was slightly stronger: the -0.5% decline in the headline figure was
mainly due to the volatile civilian aircraft sector while excluding
transportation durables the data topped estimates at +0.5%. The March data were
revised higher for the second time. The May Chicago PMI dipped below 50 again
to its lowest reading since Feb and the other regional manufacturing readings
suggest next week's May ISM could be soft as well. On a positive note Pending
home sales jumped to the best reading in 9-years, suggesting the late spring
housing pick-up has legs.
The euro has given up recent gains over the last two weeks as bond markets have
stabilized and European money supply and the preliminary May CPI data suggest
the ECB's QE program is starting to banish disinflation. The big speeches by
Fed Chair Yellen and ECB's Coeure last week accelerated euro losses. EUR/USD
has fallen six big figures over the last two weeks, dropping from 1.145 to test
below 1.0820 on Wednesday. USD/JPY has broken out over the last two weeks from
the 120 area to test 124.50 on Thursday (13-year high) while the dramatic
weakening of the yen has juiced the Nikkei. Sterling has given up all of its
post-election gains, while the GBP/USD declined for six consecutive days, its
worst run in eight months, dropping as low as 1.5240 from 1.5500 on Monday.
A Greek default is looking more and more possible after another week without a
deal between Athens and its creditors. Greece faces a €300M payment to the IMF
next week on Friday, June 5th. IMF Chief Lagarde began saying a Greek exit from
the Eurozone would be possible and would not destroy the euro, while European
officials said there would be no aid disbursement without a deal by June 5th
and furthermore that remaining aid funds would expire with the program at the
end of June. The ECB left Greece's ELA limit unchanged at its current level of
€80.2 billion for the first time since February. This all follows reports over
recent days of a significant increase in deposit outflows from Greek banks over
fears of capital controls, as well as talk that ECB officials are getting
uncomfortable with the bank's exposure to Greece.
For much of the week crude prices continued to retrace gains made since
mid-March. An OPEC report out earlier this week (5/28) suggested that oil
supplies would keep growing through 2017, with the North America oil production
boom resilient despite low prices. Friday saw a dramatic reversal, sending
prices higher by nearly 5%. With the OPEC set to meet next week in Vienna and
pre-meetings scheduled with Russia, traders appear to have been squaring some positons.
There were also reports of more ISIS wins in Libya and other parts of the
Middle East. Finally, note that the EIA inventory data saw its fourth straight
week of drawdowns accompanied by signs demand is ramping up. WTI crude dipped
below $56.50 on Wednesday, a five-week low before ending the week back above
$60.00.
In earnings, Tiffany surged more than 10% after widely beating revenue and
earnings expectations, even as earnings and revenue were lower on a y/y basis,
and global comps fell 1%. Michael Kors lost 25% on very weak guidance for its
first quarter and full year. Comps were down 1.7%. Kors had plenty of positive
comments about its future expansion, but investors were not impressed. Costco's
third-quarter results were more or less in line. Abercrombie had weak overall
numbers, but sales comp losses appeared to bottom out and shares saw decent
gains on the week.
Charter Communications reached a deal to buy Time Warner Cable for $55 billion.
Including debt, the deal is valued at about $79 billion. Charter will pay
$195.71 per share in the cash-and-stock deal - $100 of it in cash with the rest
in Charter shares. Broadcom agreed to be acquired by Avago Technologies for $37
billion in cash and stock. The deal set off more takeover chatter in Altera,
with the New York Post reporting that Intel is close to acquiring Altera in a
$15 billion deal priced as high as $54/shr. Recall that the standstill
agreement between Altera and Intel gives Intel the option to launch a hostile
bid after June 1st.
Shanghai Composite turned increasingly more volatile late in the week, falling
6.5% on Thursday and trading down another 4% in the opening hour on Friday. The
losses erased three strong consecutive gaining sessions and sent the mainland
index lower by 1% for the week - its first down week in the last 3. Worries
about a margin-fuelled equity bubble sparked the broad selloff with several
brokers moving to tighten their margin requirements in response to the
unprecedented inflows in leveraged funds from retail investors. On Friday the
party's mouthpiece People's Daily elevated its alert level over the
overdevelopment of financial sector, while the PBoC warned about the potential
risks associated with stock margin trading and also selectively used repos to
drain liquidity for the first time since late 2014.
Japan's Nikkei225 bucked global trends, rising 1.5% for the week to test
15-year highs above 20,600. Multi-year lows in the Japanese yen helped
exporters, just as economic data late in the week solidified expectations for
the BOJ to at least maintain its easy stance over the medium term, if not add
further stimulus. National CPI figures came in near 2-year lows, with the
impact of April 2014 consumption tax hike rolling off on annualized basis. Even
more telling was the surprise decline in consumption against expectations of
its first rebound in over a year, particularly given the more upbeat assessment
on spending in the latest BOJ statement. On the bright side, Japan's
unemployment fell to a new 18-year low while job-to-applicant ratio hit a
23-year high. Japan cabinet officials are hopeful that the tight labor market
will lead to greater bargaining powers for workers, spurring wage inflation and
boosting spending in the 2nd half of the year.
Friday, May 29, 2015
May 29 2015
Very good day with one winning trade after another, most of them are juicy 1:3 and 1:2. Merely one stop that hasn't even make a dent. Not too shabby for a boring Friday trading day.
Session Time: Fri May 29 00:00:00 2015
[09:03] {dino} gm
01[09:04] {@Threei} dino :)
[09:18] {Branm} gm
01[09:19] {@Threei} branm :)
01[09:30] {@Threei} Upside:
01[09:30] {@Threei} -TBIO +45% (launched EGFR CLIA test ahead of ASCO meeting)
01[09:30] {@Threei} -HRTX +32% (announced positive results from Phase 3 MAGIC study of SUSTOL)
01[09:30] {@Threei} -PBMD +14% (announces new IP for its lead IMP321 development program)
01[09:30] {@Threei} -GME +7.5% (earnings)
01[09:30] {@Threei} -ALTR +5.7% (said to be close to a deal to acquire Altera for $15B)
01[09:30] {@Threei} -BOOT +5.5% (earnings)
01[09:30] {@Threei} -ULTA +2.3% (earnings)
01[09:30] {@Threei} Downside:
01[09:30] {@Threei} -PSUN -11% (earnings)
01[09:30] {@Threei} -VEEV -7% (earnings)
01[09:30] {@Threei} -FRO -4% (earnings)
01[09:30] {@Threei} -GCO -4% (earnings)
01[09:30] {@Threei} -SPLK -2.3% (earnings)
01[09:31] {@Threei} Long Setup: FB 80 break
01[09:31] {@Threei} If holds .90
01[09:31] {@Threei} two-sided
01[09:33] {@Threei} half out
01[09:34] {@Threei} 1:1
01[09:35] {@Threei} 1:2
[09:35] {dino} tbio s .34
01[09:35] {@Threei} 1:3
01[09:35] {@Threei} out
01[09:44] {@Threei} Long Setup: AIG .20 break
01[09:44] {@Threei} If holds .10
01[09:45] {@Threei} *(US) MAY CHICAGO PURCHASING MANAGER: 46.2 V 53.0E
01[09:46] {@Threei} wow, subindices look horrible
01[09:46] {@Threei} Sub-indices (vs prior month revisions):- Prices Paid: 51.2 v 43.1 prior- New Orders: 47.5 v 55.1prior- Employment: 48.0 v 54.0 prior- Inventories: 53.3 v 54.2 prior- Supplier Deliveries: 49.5 v 51.9 prior - Production: 45.8 v 52.7 prior - Order backlogs: 47.3 v 48.5 prior
01[09:46] {@Threei} (US) Preview: May Final University of Michigan Confidence Index due out at 10:00ET (14:00GMT)- Consensus expectations: 53.0e v 52.3 prior
01[09:48] {@Threei} Invalidated AIG
[09:49] {dino} hrtx sm s .19
01[09:49] {@Threei} Short Setup: TWTR .70 break
01[09:49] {@Threei} If holds .80
[09:54] {dino} cov hrtx .76,+.43
[09:56] {dino} tso spike
[09:56] {dino} lly spike
01[10:00] {@Threei} *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 90.7 V 89.5E
[10:01] {dino} lly sm s .12
[10:02] {nemo} why is it up?
01[10:02] {@Threei} LLY Seeing call activity3600 Jun 80 calls trading at $0.38
[10:03] {dino} partnership w/?
[10:07] {dino} lly stop .45 -.33
[10:13] {dino} lly sm s .35
[10:17] {dino} cov lly .00 +.35
[10:18] {dino} cov tbio .12, +.22
01[10:19] {@Threei} half out TTR
01[10:20] {@Threei} takes incredibly long time
[10:22] {Branm} nice Fb trade i was so excited then i realizized i was on my demo account
[10:22] {dino} lol
[10:24] {dino} psix spike, hooker
01[10:24] {@Threei} :)
[10:28] {dino} hrtx new hod
[10:29] {dino} partial, s psix .26
[10:32] {dino} hrtx sm s break .00
[10:33] {dino} giddy-up
[10:36] {nemo} dino, what stock was I watching yesterday that had that gap below?
[10:37] {dino} hrtx stop .35 -.36
[10:37] {dino} expe
[10:37] {nemo} ty
[10:37] {dino} np
[10:38] {nemo} wished I asked u two minutes agao perfect setup below ..70
01[10:51] {@Threei} VXX... too bad I disregared setup at .05
[10:57] {dino} reshort hrtx .25
[10:59] {dino} cov hrtx .95, +.30
[11:04] {dino} hrtx trades in dimes
01[11:15] {@Threei} Short Setup: MCD .25 break
01[11:16] {@Threei} If holds .35
[11:22] {Branm} come on MCD move
[11:24] {dino} branm, we usually say "die"
[11:24] {Branm} Die Die lol
06[11:24] * @Threei hits MCD over the head with 2x4
01[11:24] {@Threei} 1:1
01[11:24] {@Threei} violence works
[11:25] {dino} nice branm, nice
[11:27] {Branm} I am out nice call
[11:27] {dino} gj
[11:28] {dbdb} anyone know where to get a listof Russell 2000 adds and deletes?
[11:28] {dino} diiieeee psix diiieeee
[11:29] {dino} google it db
01[11:29] {@Threei} 1:2
[11:29] {dino} gj
01[11:30] {@Threei} see Branm? violence and good word work much better than a good word alone {G}
01[11:31] {@Threei} dbdb, see private message
01[11:34] {@Threei} Long Setup: IWM .50 break
01[11:34] {@Threei} If holds .40
[11:38] {dino} guys will luv me today on the golf course. beef and bean burritos
01[11:38] {@Threei} you spoil them
[11:39] {dino} ya think, lol
[11:39] {nemo} dino....look at expe now
[11:39] {dino} like it, gap was 106 right?
01[11:39] {@Threei} you sure you don't play golf with 6 ft 4D blond females?
[11:40] {nemo} yeah, we talked about it...one day ahead and forgot
01[11:40] {@Threei} 1:1
[11:40] {dino} 105.80s looks like
[11:40] {nemo} toat's gap close
[11:40] {dbdb} threei where is the pm?
01[11:41] {@Threei} see in the upper bar, next to #discussions
01[11:41] {@Threei} there will be a tab with my nick
01[11:41] {@Threei} or just doubleclick on my nick to have a window pop-up
01[11:42] {@Threei} 1:2 IWM
01[11:43] {@Threei} for a boring Friday, nicely profitable day
[11:43] {dino} hrtx sm s .50 stop hod
01[11:43] {@Threei} 1:3
01[11:44] {@Threei} over and out
[11:44] {dino} gj
01[11:44] {@Threei} ty
01[11:46] {@Threei} 1:4, for more patient types
01[11:48] {@Threei} 1:5, for superpatient
01[11:49] {@Threei} 1:6, for those who fainted and just now came out of it to count their profits
01[11:50] {@Threei} As expected, Q1 US GDP turned negative in the second reading, dropping to -0.7% from the +0.2% advance report. The contraction was slight less than expected. Personal consumption was revised slightly lower. The decrease primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending
01[11:50] {@Threei} WTI crude move back up toward $60 after midweek softness as OPEC started talking ahead of its meeting in Vienna next week. The Russians will be meeting with OPEC figures ahead of the conference, however today Russia Energy Minister Novak confirmed that Russia and OPEC would not agree to specific crude production levels at the confab.
01[12:14] {@Threei} Bran, what platform you run demo with?
01[12:15] {@Threei} Long Setup: FB .30 break
01[12:15] {@Threei} If holds .20
01[12:26] {@Threei} 1:1
01[12:29] {@Threei} nemo, you here?
01[12:31] {@Threei} 1:2
[12:55] {nemo} hello
[12:58] {dino} added hrtx puts
01[12:58] {@Threei} just wanted to ask you whether I deserve a medal today
[12:58] {nemo} why?
01[12:58] {@Threei} sigh... never mind
[12:59] {nemo} VXX should be late day play
[13:10] {dino} hum spike
[13:10] {dino} ci spike
[13:14] {dino} ci smr s .86
[13:15] {dino} cov 138.49, +1.37
[13:17] {dino} hum again
[13:19] {dino} hum up for sale
[13:19] {dino} antm spike
[13:33] {nemo} was gonna call IWM short, thought it was a bit early
[13:34] {nemo} VXX should be getting ready but might be a bit early
[13:35] {dino} cnc spike
[13:43] {drewj} Vad is it true that when price moves are more orderly that more people will participate because it's more obvious what's going on?
01[13:44] {@Threei} not at all, but the opposite is true
[13:44] {drewj} how so?
01[13:44] {@Threei} when more people take part, price moves in a more readable manner
[13:44] {dino} calling it a week, take care all
01[13:44] {@Threei} think of it this way:
01[13:44] {@Threei} take care dino, see you monday
01[13:45] {@Threei} people will participate for all sorts of reason, and many of those reasons have zero to do with common sense, correct market reading or anything remotely sane
01[13:46] {@Threei} naighbor shared a hot tip... dentist said ABCD news is huge... taxi driver said his father-in-law knows someone at XYZ
01[13:46] {@Threei} many of them never saw a chart
01[13:46] {@Threei} let alone understand how to read it
01[13:47] {@Threei} but when there are enough of them, they form what you want:
01[13:47] {@Threei} a crowd
01[13:47] {@Threei} a crowd acts in a readable and predictable manner
01[13:47] {@Threei} and serves as a feeding ground for smart money
01[13:47] {@Threei} what you get is both sides of the market then
01[13:48] {@Threei} and our entire way of reading is based on just that: eternal smart money vs crowd battle
01[13:48] {@Threei} makes sense?
[13:48] {drewj} Still processing...
01[13:48] {@Threei} O'll wait :)
01[13:48] {@Threei} I
[13:49] {drewj} So what causes the orderly price movement then?
01[13:50] {@Threei} broad participation
[13:51] {drewj} So I'm really after braod participation then?
01[13:51] {@Threei} no, you are after readable movement
01[13:51] {@Threei} why do you need a secondary sign if you have a primary
[13:52] {drewj} I guess I'm trying to distiguish between the two
01[13:53] {@Threei} you can't, one is a cause, another is an oucome
[13:53] {drewj} So cause is broad participation and outcome is orderly movement?
01[13:53] {@Threei} right
[13:54] {drewj} ty
[14:00] {drewj} I guess I thought that organized movement was caused by traders who understand what's going on
01[14:01] {@Threei} but they need the other side
01[14:01] {@Threei} if all you have are traders that understand, who they are going to make money of?
[14:08] {drewj} I know the answer to that but I'm still working on the relationship between organized movement and particpation.
01[14:09] {@Threei} I am not sure what need you see in digging into that
01[14:10] {@Threei} it's a kind of common sense: when we have good volume, we have much more readable movements
01[14:10] {@Threei} good volume means broader participation
[14:13] {drewj} ok...
[14:35] {drewj} Vad is it more accurate then to say that increased volume at particular price levels is more easy to read?
[14:35] {nemo} no, it's the volume pattern at various levels
[14:35] {drewj} how so?
[14:36] {nemo} if you look at the daily volume levels on the SPY of the last few months, you will notice the down days are showing more volume than the up days
01[14:36] {@Threei} no, that's a convoluted way to put it and is not accurate
[14:36] {drewj} ?
01[14:36] {@Threei} volume changes as pricer changes, and they together form a pattern
[14:36] {nemo} in a true bull market volume will be greater on up days than down days
01[14:36] {@Threei} as nemore says
01[14:36] {@Threei} nemo
[14:36] {nemo} rythms of the market
01[14:37] {@Threei} how you interpret those changes is up for discussion,
[14:37] {nemo} currently we're seeing what is more indicative of distribution
[14:37] {nemo} new highs are grinds, drops are high volume without any effort
01[14:37] {@Threei} but to say that volume at $20 is more readable than at 20.15 is a very weird way to look at it
[14:42] {nemo} mon could drop a long way if the trap door lets go
[14:45] {drewj} ok one more try here...
[14:46] {nemo} don't jump
[14:46] {drewj} so does good volume reduce the randomness of price movement?
[14:46] {nemo} no...context does
[14:46] {drewj} damn
[14:46] {drewj} :)
[14:46] {nemo} if you're hunting in a shitty environment, you're fucked
[14:47] {drewj} I'm going to put that on my monitor...
[14:47] {drewj} that's what I've been trying to ask...
[14:47] {nemo} trading is hunting...how's the weather, how's the wind, where's the food, where are the bedding areas...what was the weather, what is the weather going to be soon
[14:48] {drewj} why does it work sometime and not others...because I'm hunting in a shitty environment sometimes and other times the environment is good
01[14:48] {@Threei} {drewj} so does good volume reduce the randomness of price movement? {--- as one of components of that, yes, is what nemo is trying to say
[14:48] {drewj} I need to know the difference between the environments...
[14:49] {drewj} Thanks nemo
01[14:49] {@Threei} you sound like you are trying to figure out some absolutes
[14:49] {nemo} but you have to have a feel for other dynamics...right now Greece is a trip wire, you're going into the weekend...If your stock is down alot, more than likely the shorts are gonna get flat, if the stock is up alot, the longs are gonna get flat....people are ging to buy protection...remember when I said earlier, VXX is probably a good long play this afternoon....look
01[14:49] {@Threei} kind of: "of you understand this and that, I'll be able to get rid of losing trades"
01[14:50] {@Threei} ummm... "of you" = if I
[14:51] {drewj} Nemo's right though...that's what I was trying to ask
01[14:51] {@Threei} (how many errors can one make i n two words, longest of which is two letters)
[14:51] {nemo} Minus the bullets, this is warfare
01[14:59] {@Threei} watching IWM for pullback under 124
01[14:59] {@Threei} and buy on recross
01[15:12] {@Threei} got away
01[15:17] {@Threei} Long Setup: IWM .10 break
01[15:17] {@Threei} If holds 124
01[15:27] {@Threei} 1:1
[15:30] {drewj} Have a good weekend guys...thanks nemo
01[15:39] {@Threei} OK guys, great day to finish the week
01[15:39] {@Threei} have a good weekend, see you Monday
Session Time: Fri May 29 00:00:00 2015
[09:03] {dino} gm
01[09:04] {@Threei} dino :)
[09:18] {Branm} gm
01[09:19] {@Threei} branm :)
01[09:30] {@Threei} Upside:
01[09:30] {@Threei} -TBIO +45% (launched EGFR CLIA test ahead of ASCO meeting)
01[09:30] {@Threei} -HRTX +32% (announced positive results from Phase 3 MAGIC study of SUSTOL)
01[09:30] {@Threei} -PBMD +14% (announces new IP for its lead IMP321 development program)
01[09:30] {@Threei} -GME +7.5% (earnings)
01[09:30] {@Threei} -ALTR +5.7% (said to be close to a deal to acquire Altera for $15B)
01[09:30] {@Threei} -BOOT +5.5% (earnings)
01[09:30] {@Threei} -ULTA +2.3% (earnings)
01[09:30] {@Threei} Downside:
01[09:30] {@Threei} -PSUN -11% (earnings)
01[09:30] {@Threei} -VEEV -7% (earnings)
01[09:30] {@Threei} -FRO -4% (earnings)
01[09:30] {@Threei} -GCO -4% (earnings)
01[09:30] {@Threei} -SPLK -2.3% (earnings)
01[09:31] {@Threei} Long Setup: FB 80 break
01[09:31] {@Threei} If holds .90
01[09:31] {@Threei} two-sided
01[09:33] {@Threei} half out
01[09:34] {@Threei} 1:1
01[09:35] {@Threei} 1:2
[09:35] {dino} tbio s .34
01[09:35] {@Threei} 1:3
01[09:35] {@Threei} out
01[09:44] {@Threei} Long Setup: AIG .20 break
01[09:44] {@Threei} If holds .10
01[09:45] {@Threei} *(US) MAY CHICAGO PURCHASING MANAGER: 46.2 V 53.0E
01[09:46] {@Threei} wow, subindices look horrible
01[09:46] {@Threei} Sub-indices (vs prior month revisions):- Prices Paid: 51.2 v 43.1 prior- New Orders: 47.5 v 55.1prior- Employment: 48.0 v 54.0 prior- Inventories: 53.3 v 54.2 prior- Supplier Deliveries: 49.5 v 51.9 prior - Production: 45.8 v 52.7 prior - Order backlogs: 47.3 v 48.5 prior
01[09:46] {@Threei} (US) Preview: May Final University of Michigan Confidence Index due out at 10:00ET (14:00GMT)- Consensus expectations: 53.0e v 52.3 prior
01[09:48] {@Threei} Invalidated AIG
[09:49] {dino} hrtx sm s .19
01[09:49] {@Threei} Short Setup: TWTR .70 break
01[09:49] {@Threei} If holds .80
[09:54] {dino} cov hrtx .76,+.43
[09:56] {dino} tso spike
[09:56] {dino} lly spike
01[10:00] {@Threei} *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 90.7 V 89.5E
[10:01] {dino} lly sm s .12
[10:02] {nemo} why is it up?
01[10:02] {@Threei} LLY Seeing call activity3600 Jun 80 calls trading at $0.38
[10:03] {dino} partnership w/?
[10:07] {dino} lly stop .45 -.33
[10:13] {dino} lly sm s .35
[10:17] {dino} cov lly .00 +.35
[10:18] {dino} cov tbio .12, +.22
01[10:19] {@Threei} half out TTR
01[10:20] {@Threei} takes incredibly long time
[10:22] {Branm} nice Fb trade i was so excited then i realizized i was on my demo account
[10:22] {dino} lol
[10:24] {dino} psix spike, hooker
01[10:24] {@Threei} :)
[10:28] {dino} hrtx new hod
[10:29] {dino} partial, s psix .26
[10:32] {dino} hrtx sm s break .00
[10:33] {dino} giddy-up
[10:36] {nemo} dino, what stock was I watching yesterday that had that gap below?
[10:37] {dino} hrtx stop .35 -.36
[10:37] {dino} expe
[10:37] {nemo} ty
[10:37] {dino} np
[10:38] {nemo} wished I asked u two minutes agao perfect setup below ..70
01[10:51] {@Threei} VXX... too bad I disregared setup at .05
[10:57] {dino} reshort hrtx .25
[10:59] {dino} cov hrtx .95, +.30
[11:04] {dino} hrtx trades in dimes
01[11:15] {@Threei} Short Setup: MCD .25 break
01[11:16] {@Threei} If holds .35
[11:22] {Branm} come on MCD move
[11:24] {dino} branm, we usually say "die"
[11:24] {Branm} Die Die lol
06[11:24] * @Threei hits MCD over the head with 2x4
01[11:24] {@Threei} 1:1
01[11:24] {@Threei} violence works
[11:25] {dino} nice branm, nice
[11:27] {Branm} I am out nice call
[11:27] {dino} gj
[11:28] {dbdb} anyone know where to get a listof Russell 2000 adds and deletes?
[11:28] {dino} diiieeee psix diiieeee
[11:29] {dino} google it db
01[11:29] {@Threei} 1:2
[11:29] {dino} gj
01[11:30] {@Threei} see Branm? violence and good word work much better than a good word alone {G}
01[11:31] {@Threei} dbdb, see private message
01[11:34] {@Threei} Long Setup: IWM .50 break
01[11:34] {@Threei} If holds .40
[11:38] {dino} guys will luv me today on the golf course. beef and bean burritos
01[11:38] {@Threei} you spoil them
[11:39] {dino} ya think, lol
[11:39] {nemo} dino....look at expe now
[11:39] {dino} like it, gap was 106 right?
01[11:39] {@Threei} you sure you don't play golf with 6 ft 4D blond females?
[11:40] {nemo} yeah, we talked about it...one day ahead and forgot
01[11:40] {@Threei} 1:1
[11:40] {dino} 105.80s looks like
[11:40] {nemo} toat's gap close
[11:40] {dbdb} threei where is the pm?
01[11:41] {@Threei} see in the upper bar, next to #discussions
01[11:41] {@Threei} there will be a tab with my nick
01[11:41] {@Threei} or just doubleclick on my nick to have a window pop-up
01[11:42] {@Threei} 1:2 IWM
01[11:43] {@Threei} for a boring Friday, nicely profitable day
[11:43] {dino} hrtx sm s .50 stop hod
01[11:43] {@Threei} 1:3
01[11:44] {@Threei} over and out
[11:44] {dino} gj
01[11:44] {@Threei} ty
01[11:46] {@Threei} 1:4, for more patient types
01[11:48] {@Threei} 1:5, for superpatient
01[11:49] {@Threei} 1:6, for those who fainted and just now came out of it to count their profits
01[11:50] {@Threei} As expected, Q1 US GDP turned negative in the second reading, dropping to -0.7% from the +0.2% advance report. The contraction was slight less than expected. Personal consumption was revised slightly lower. The decrease primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending
01[11:50] {@Threei} WTI crude move back up toward $60 after midweek softness as OPEC started talking ahead of its meeting in Vienna next week. The Russians will be meeting with OPEC figures ahead of the conference, however today Russia Energy Minister Novak confirmed that Russia and OPEC would not agree to specific crude production levels at the confab.
01[12:14] {@Threei} Bran, what platform you run demo with?
01[12:15] {@Threei} Long Setup: FB .30 break
01[12:15] {@Threei} If holds .20
01[12:26] {@Threei} 1:1
01[12:29] {@Threei} nemo, you here?
01[12:31] {@Threei} 1:2
[12:55] {nemo} hello
[12:58] {dino} added hrtx puts
01[12:58] {@Threei} just wanted to ask you whether I deserve a medal today
[12:58] {nemo} why?
01[12:58] {@Threei} sigh... never mind
[12:59] {nemo} VXX should be late day play
[13:10] {dino} hum spike
[13:10] {dino} ci spike
[13:14] {dino} ci smr s .86
[13:15] {dino} cov 138.49, +1.37
[13:17] {dino} hum again
[13:19] {dino} hum up for sale
[13:19] {dino} antm spike
[13:33] {nemo} was gonna call IWM short, thought it was a bit early
[13:34] {nemo} VXX should be getting ready but might be a bit early
[13:35] {dino} cnc spike
[13:43] {drewj} Vad is it true that when price moves are more orderly that more people will participate because it's more obvious what's going on?
01[13:44] {@Threei} not at all, but the opposite is true
[13:44] {drewj} how so?
01[13:44] {@Threei} when more people take part, price moves in a more readable manner
[13:44] {dino} calling it a week, take care all
01[13:44] {@Threei} think of it this way:
01[13:44] {@Threei} take care dino, see you monday
01[13:45] {@Threei} people will participate for all sorts of reason, and many of those reasons have zero to do with common sense, correct market reading or anything remotely sane
01[13:46] {@Threei} naighbor shared a hot tip... dentist said ABCD news is huge... taxi driver said his father-in-law knows someone at XYZ
01[13:46] {@Threei} many of them never saw a chart
01[13:46] {@Threei} let alone understand how to read it
01[13:47] {@Threei} but when there are enough of them, they form what you want:
01[13:47] {@Threei} a crowd
01[13:47] {@Threei} a crowd acts in a readable and predictable manner
01[13:47] {@Threei} and serves as a feeding ground for smart money
01[13:47] {@Threei} what you get is both sides of the market then
01[13:48] {@Threei} and our entire way of reading is based on just that: eternal smart money vs crowd battle
01[13:48] {@Threei} makes sense?
[13:48] {drewj} Still processing...
01[13:48] {@Threei} O'll wait :)
01[13:48] {@Threei} I
[13:49] {drewj} So what causes the orderly price movement then?
01[13:50] {@Threei} broad participation
[13:51] {drewj} So I'm really after braod participation then?
01[13:51] {@Threei} no, you are after readable movement
01[13:51] {@Threei} why do you need a secondary sign if you have a primary
[13:52] {drewj} I guess I'm trying to distiguish between the two
01[13:53] {@Threei} you can't, one is a cause, another is an oucome
[13:53] {drewj} So cause is broad participation and outcome is orderly movement?
01[13:53] {@Threei} right
[13:54] {drewj} ty
[14:00] {drewj} I guess I thought that organized movement was caused by traders who understand what's going on
01[14:01] {@Threei} but they need the other side
01[14:01] {@Threei} if all you have are traders that understand, who they are going to make money of?
[14:08] {drewj} I know the answer to that but I'm still working on the relationship between organized movement and particpation.
01[14:09] {@Threei} I am not sure what need you see in digging into that
01[14:10] {@Threei} it's a kind of common sense: when we have good volume, we have much more readable movements
01[14:10] {@Threei} good volume means broader participation
[14:13] {drewj} ok...
[14:35] {drewj} Vad is it more accurate then to say that increased volume at particular price levels is more easy to read?
[14:35] {nemo} no, it's the volume pattern at various levels
[14:35] {drewj} how so?
[14:36] {nemo} if you look at the daily volume levels on the SPY of the last few months, you will notice the down days are showing more volume than the up days
01[14:36] {@Threei} no, that's a convoluted way to put it and is not accurate
[14:36] {drewj} ?
01[14:36] {@Threei} volume changes as pricer changes, and they together form a pattern
[14:36] {nemo} in a true bull market volume will be greater on up days than down days
01[14:36] {@Threei} as nemore says
01[14:36] {@Threei} nemo
[14:36] {nemo} rythms of the market
01[14:37] {@Threei} how you interpret those changes is up for discussion,
[14:37] {nemo} currently we're seeing what is more indicative of distribution
[14:37] {nemo} new highs are grinds, drops are high volume without any effort
01[14:37] {@Threei} but to say that volume at $20 is more readable than at 20.15 is a very weird way to look at it
[14:42] {nemo} mon could drop a long way if the trap door lets go
[14:45] {drewj} ok one more try here...
[14:46] {nemo} don't jump
[14:46] {drewj} so does good volume reduce the randomness of price movement?
[14:46] {nemo} no...context does
[14:46] {drewj} damn
[14:46] {drewj} :)
[14:46] {nemo} if you're hunting in a shitty environment, you're fucked
[14:47] {drewj} I'm going to put that on my monitor...
[14:47] {drewj} that's what I've been trying to ask...
[14:47] {nemo} trading is hunting...how's the weather, how's the wind, where's the food, where are the bedding areas...what was the weather, what is the weather going to be soon
[14:48] {drewj} why does it work sometime and not others...because I'm hunting in a shitty environment sometimes and other times the environment is good
01[14:48] {@Threei} {drewj} so does good volume reduce the randomness of price movement? {--- as one of components of that, yes, is what nemo is trying to say
[14:48] {drewj} I need to know the difference between the environments...
[14:49] {drewj} Thanks nemo
01[14:49] {@Threei} you sound like you are trying to figure out some absolutes
[14:49] {nemo} but you have to have a feel for other dynamics...right now Greece is a trip wire, you're going into the weekend...If your stock is down alot, more than likely the shorts are gonna get flat, if the stock is up alot, the longs are gonna get flat....people are ging to buy protection...remember when I said earlier, VXX is probably a good long play this afternoon....look
01[14:49] {@Threei} kind of: "of you understand this and that, I'll be able to get rid of losing trades"
01[14:50] {@Threei} ummm... "of you" = if I
[14:51] {drewj} Nemo's right though...that's what I was trying to ask
01[14:51] {@Threei} (how many errors can one make i n two words, longest of which is two letters)
[14:51] {nemo} Minus the bullets, this is warfare
01[14:59] {@Threei} watching IWM for pullback under 124
01[14:59] {@Threei} and buy on recross
01[15:12] {@Threei} got away
01[15:17] {@Threei} Long Setup: IWM .10 break
01[15:17] {@Threei} If holds 124
01[15:27] {@Threei} 1:1
[15:30] {drewj} Have a good weekend guys...thanks nemo
01[15:39] {@Threei} OK guys, great day to finish the week
01[15:39] {@Threei} have a good weekend, see you Monday
Thursday, May 28, 2015
May 28 2015
Slightly positive day, most trades were merely scalps. Low volume trading
Session Time: Thu May 28 00:00:00 2015
[08:51] {dino} gm 3i
01[08:51] {@Threei} dino :)
01[09:23] {@Threei} - ECB's Nowotny reiterated view that ECB was a rule-based institution and had no no flexibility to provide interim support for Greece
01[09:32] {@Threei} Long Setup: FCX 20 break
01[09:35] {@Threei} If holds .90
01[09:38] {@Threei} Short Setup: FB .80 break
01[09:39] {@Threei} If holds .90
01[09:40] {@Threei} 1:1
01[09:40] {@Threei} 1:2
[09:43] {dino} amag sm l .65 gappy
[09:43] {nemo} new girlfriend?
[09:44] {dino} lol
[09:45] {dino} out amag .15, +.50
[09:45] {dino} good girl
[09:45] {nemo} no such thing
01[09:45] {@Threei} :)
01[09:46] {@Threei} FB again
01[09:46] {@Threei} same setup
01[09:46] {@Threei} two-sided this time
01[09:46] {@Threei} .80 short or .90 long
01[09:47] {@Threei} long is more likely
01[09:48] {@Threei} .80 rejects hard
01[09:49] {@Threei} hectic
[09:51] {dino} avgo smr s .82
[09:51] {dino} cov .20, +.62
01[09:54] {@Threei} wtg
01[09:54] {@Threei} Long Setup: MCD 98 break
01[09:55] {@Threei} If holds .90
01[09:56] {@Threei} Invalidated
[09:56] {nemo} shit thought you meant short...I took it that way
[09:57] {nemo} stop to .l93
[09:57] {nemo} .93
01[09:58] {@Threei} Long Setup: MCD .80 break
01[09:58] {@Threei} If holds .70
01[09:59] {@Threei} that's interesting... how do you take word "long" for "short" and green color for red, unless you start drinking at 6 am
[09:59] {nemo} you know me so well
[09:59] {nemo} setup looked short to me
[09:59] {dino} greens and reds mess me up
01[10:00] {@Threei} most setups can be taken either way depending on which side triggers first
[10:00] {nemo} they're both usually amphetamines
01[10:00] {@Threei} *(US) APR PENDING HOME SALES M/M: 3.4% V 0.9%E; Y/Y: 13.4% V 10.9%E
[10:00] {nemo} you running for office Vad?
[10:00] {cosmo} instinct is key
[10:00] {nemo} funny...I think it's lack of sobriety
[10:01] {nemo} stop to .83
[10:01] {nemo} algo opening very red
01[10:01] {@Threei} CAT should be ready soon
[10:02] {nemo} already @S3
01[10:02] {@Threei} Long Setup: CAT .35 break
01[10:02] {@Threei} If holds .25
[10:02] {nemo} little late
[10:03] {dino} in .39
01[10:03] {@Threei} 1:1
01[10:03] {@Threei} here is an idea: keep your order ready for pullback instead of typing how late you are {G}
[10:04] {nemo} that means I have to put the shot glass down
01[10:05] {@Threei} not necessary
01[10:05] {@Threei} beer hat will solve all your problems
[10:05] {nemo} IV?
[10:05] {cosmo} it might be good for initiating instinct, neo
[10:05] {nemo} pxd
[10:05] {cosmo} nemo i mean
[10:05] {nemo} yeah, wtf...this isn't the Matrix
01[10:05] {@Threei} https://atimetocastawaystones.files.wordpress.com/2011/09/beer-hat-beer-helmet-pic-8.jpg
[10:05] {nemo} I took the other pill
[10:06] {cosmo} :)
[10:06] {cosmo} i took a white one
[10:06] {nemo} aspirin doesn't count
01[10:06] {@Threei} lol
[10:06] {cosmo} its good for pain
[10:06] {nemo} vodka
[10:07] {cosmo} liquid asprin
[10:07] {nemo} EXPE dino
[10:08] {dino} on it
[10:09] {nemo} market goes south, that has a gap to fill
[10:09] {nemo} weak stocks: rcl pxd mmm
[10:09] {nemo} joy
[10:09] {nemo} fslr
[10:09] {nemo} expe
[10:09] {nemo} apa
[10:09] {nemo} nov
[10:09] {nemo} alxn
[10:09] {nemo} slb
[10:10] {nemo} strong: twtr vfc
01[10:10] {@Threei} 1:1 MCD
[10:12] {cosmo} IWM needs to hold 123.8 imo
[10:12] {nemo} that's the 34 ema
01[10:12] {@Threei} Long Setup: AIG .90 break
01[10:12] {@Threei} If holds .80
[10:17] {dino} cat stopped -.26
01[10:19] {@Threei} 1:1
[10:21] {dino} cat whippy
[10:21] {dino} rinsed
01[10:28] {@Threei} Long Setup: FB .50 break
01[10:28] {@Threei} If holds .40
01[10:30] {@Threei} no go
01[10:31] {@Threei} crap, greeks fault
01[10:31] {@Threei} (GR) IMF comments on Greece; expecting Greece authorities to make their payments to the IMF
01[10:34] {@Threei} Long Setup: VXX .10 break
01[10:34] {@Threei} If holds 19
01[10:39] {@Threei} stop to .04
01[10:42] {@Threei} Short Setup: FB .35 break
01[10:42] {@Threei} If holds .45
01[10:48] {@Threei} nah
01[10:49] {@Threei} breakdown didn't happen
[10:59] {nemo} aapl looks sick
[11:07] {nemo} think I'll watch a movie
01[11:08] {@Threei} Long Setup: CAT .30 break
01[11:08] {@Threei} If holds .20
[11:08] {nemo} ballsy, can't get above vwap
01[11:09] {@Threei} Invalidated
[11:11] {dino} adding cat calls
[11:11] {dino} adding uri calls
01[11:13] {@Threei} Putin says FIFA arrests shows US meddling abroad
01[11:14] {@Threei} of course... he bought that 2018 world championate, and now is told it was illegal
[11:14] {dino} lol, how about putin getting 8 goals in the pro hockey game last week? who does he think he is, kim of n korea
01[11:16] {@Threei} goalie fainted when saw him with pack
01[11:16] {@Threei} it's let the pack through or go to Siberia
[11:16] {dino} who really believes this junk?
01[11:16] {@Threei} you wouldn't believe how many...
01[11:16] {@Threei} I hardly believe myself
01[11:17] {@Threei} for a while I thought it was Stalinist times 2
01[11:17] {@Threei} now I see it's worse
[11:17] {dino} looking more like facism
01[11:17] {@Threei} in first version, people knew and understood what happened, and went along simply because alternative was deasth
01[11:18] {@Threei} now, a lot of them really believe
01[11:18] {@Threei} maybe much more powerful technologies of brainwashing help, maybe something elsde, don't know
01[11:35] {@Threei} in case anyone needs a refresher on various methods of order execution in Logix, https://www.youtube.com/watch?t=15&v=37EmvghEUs8
01[11:41] {@Threei} drew, missed link to logix order routing?
[11:41] {drewj} yes...internet problems
01[11:42] {@Threei} https://www.youtube.com/watch?t=15&v=37EmvghEUs8
[11:42] {drewj} ty
01[12:03] {@Threei} Short Setup: CAT 86 break
01[12:03] {@Threei} If holds .10
01[12:09] {@Threei} 1:1
[13:37] {nemo} Vad?
[13:37] {nemo} Vad?
[13:38] {nemo} ad?
[13:38] {nemo} Vad?
[13:38] {dino} lol
[13:38] {nemo} should I sober up?
01[13:38] {@Threei} ??
01[13:38] {@Threei} why would you do that?
[13:39] {nemo} I have to drive in a couple of hours
01[13:39] {@Threei} so?
[13:39] {dino} take one for the ditch
[13:39] {nemo} I'm going through 2 liters of vodka a week
[13:40] {nemo} I have to get a wand scan at the airport because my liver won't get through a metal detector
01[13:44] {@Threei} Long Setup: CAT 86 break
01[13:44] {@Threei} If holds .90
[13:49] {nemo} I get so bored...should have been watching expe all day
[13:50] {dino} bored here too
[13:50] {nemo} shouldn't you be pumping Iron about now
01[13:50] {@Threei} I feel guilty
[13:51] {nemo} comes with being Jewish
01[13:51] {@Threei} then again, if I tried to dance to entertain you, I'd have even more reason to feel guilty
[13:51] {dino} should, but i'm tired
[13:51] {nemo} would wolverine bitch about being tired?
[13:51] {nemo} how about Ahnold?
[13:51] {nemo} get off ur ass
[13:51] {dino} no?
[13:52] {nemo} you can rest when ur dead
01[13:52] {@Threei} https://www.youtube.com/watch?v=xR_CRgW4Gs8
[13:52] {nemo} EXPE below 109 could be intersting
[13:52] {nemo} especially if market comes in
[13:53] {nemo} oh yeah, oldie but goodie
[13:53] {nemo} tight stop above .05
[13:54] {nemo} gap ahoy!
[13:54] {dino} pretty big gap 106 area
[13:55] {nemo} ur kinda' girl
[13:55] {dino} 106 lbs
[13:55] {nemo} doesn't need a life preserver
[13:55] {nemo} and no gag reflex
[13:57] {nemo} arguably .20 is also a resistance level
[13:59] {nemo} aapl looking short
[13:59] {dino} flat lining too me
[14:00] {dino} to
[14:00] {nemo} yeah, but time is coming
[14:00] {dino} no spikes, no capits......c'mon
[14:01] {nemo} methinks you'll have to change ur style for the summer...or go teach golf
[14:01] {dino} hope you're wrong
[14:01] {nemo} without a crisis, gonna' be very dead this Summer
01[14:02] {@Threei} I disagree
[14:03] {nemo} whatever
01[14:03] {@Threei} there always will be individual stocks with news
[14:03] {nemo} just looking at volume
[14:03] {nemo} 50 mil today, shit lowest last August was 48 mil
01[14:03] {@Threei} dino's style is uniquely positioned in this regard, with as little connection to general market as it gets
01[14:04] {@Threei} you maye have no volume in the market, yet a given stock with news will see action
[14:04] {nemo} Dino is unhinged from reality...good on ya'!
[14:04] {dino} i have to agree w/vad. always spikes/capits going on
[14:04] {nemo} really? how's today been?
[14:04] {dino} reality is real nemo, not sure i want to be there
[14:04] {nemo} sucks dude
[14:05] {nemo} when you start dealing with other dimensions, gets real complicated
[14:05] {dino} today, as spock would say, the days' not over yet
[14:05] {nemo} which doesn't answer the concrete question I posed
[14:06] {dino} ?
[14:06] {nemo} who do you think ur talking to....Les?
[14:06] {dino} lol, that bring back memories
[14:06] {nemo} [14:05] {nemo} really? how's today been?
[14:06] {dino} day is not over yet
[14:06] {dino} busy morning
[14:07] {dino} amag, avgo were nice
[14:08] {nemo} hard stop in expe above .06
01[14:13] {@Threei} (EU) Spokesperson for IMF's Lagarde rebuts earlier Germany press attribution of her comments about the possibility of Greece's exit from the EMU - Reminder: Earlier (GR) IMF Lagarde said to feel that a Greece exit from the EMU may be a possibility as the talks have not led to substantial results
[14:14] {dino} lol, they talk both sides daily
[14:14] {dino} been going on for 3 years now
[14:15] {dino} greece leaves once they stop loaning it money for the payment due
[14:16] {dino} frgi spike
01[14:17] {@Threei} Long Setup: VXX 19 break
01[14:18] {@Threei} If holds .95
[14:22] {dino} 07 green
[14:26] {dino} frgi s .16
[14:28] {dino} cov .01, +.15
01[14:28] {@Threei} Long Setup: IWM .45 break
01[14:28] {@Threei} If holds .35
[14:30] {dino} dwti drop
[14:34] {dino} gme spike
[14:34] {dino} syt spike
[14:36] {dino} gme sm s .96
[14:45] {dino} cov .95, out of time. back in 30 or so
01[15:03] {@Threei} let's go IWM
01[15:03] {@Threei} it's time
01[15:13] {@Threei} US) Fed's Kocherlakota (non-voter, dove): Raising interest rates this year is not consistent with the Fed's mandate - would require 3 more years of job gains similar to that seen in 2014 for full employment to be reached; at full employment, the rate would likely not be below 5%
01[15:17] {@Threei} Long Setup: TWTR .90 breask
[15:26] {dino} miss much?
01[15:26] {@Threei} nah
[15:27] {dino} clls spike
01[15:27] {@Threei} LLS Said to be in talks to sell the company - financial press- Holder Pfizer (~10% holder) speculated as a suitor -
01[15:27] {@Threei} CLLS
[15:44] {dino} gotta hop, gn all
01[15:45] {@Threei} 1:1 IWM
01[15:45] {@Threei} finally
01[15:54] {@Threei} OK, closing UWM
01[15:54] {@Threei} I
01[15:54] {@Threei} thank guys, have a good evening, see you tomorrow
Session Time: Thu May 28 00:00:00 2015
[08:51] {dino} gm 3i
01[08:51] {@Threei} dino :)
01[09:23] {@Threei} - ECB's Nowotny reiterated view that ECB was a rule-based institution and had no no flexibility to provide interim support for Greece
01[09:32] {@Threei} Long Setup: FCX 20 break
01[09:35] {@Threei} If holds .90
01[09:38] {@Threei} Short Setup: FB .80 break
01[09:39] {@Threei} If holds .90
01[09:40] {@Threei} 1:1
01[09:40] {@Threei} 1:2
[09:43] {dino} amag sm l .65 gappy
[09:43] {nemo} new girlfriend?
[09:44] {dino} lol
[09:45] {dino} out amag .15, +.50
[09:45] {dino} good girl
[09:45] {nemo} no such thing
01[09:45] {@Threei} :)
01[09:46] {@Threei} FB again
01[09:46] {@Threei} same setup
01[09:46] {@Threei} two-sided this time
01[09:46] {@Threei} .80 short or .90 long
01[09:47] {@Threei} long is more likely
01[09:48] {@Threei} .80 rejects hard
01[09:49] {@Threei} hectic
[09:51] {dino} avgo smr s .82
[09:51] {dino} cov .20, +.62
01[09:54] {@Threei} wtg
01[09:54] {@Threei} Long Setup: MCD 98 break
01[09:55] {@Threei} If holds .90
01[09:56] {@Threei} Invalidated
[09:56] {nemo} shit thought you meant short...I took it that way
[09:57] {nemo} stop to .l93
[09:57] {nemo} .93
01[09:58] {@Threei} Long Setup: MCD .80 break
01[09:58] {@Threei} If holds .70
01[09:59] {@Threei} that's interesting... how do you take word "long" for "short" and green color for red, unless you start drinking at 6 am
[09:59] {nemo} you know me so well
[09:59] {nemo} setup looked short to me
[09:59] {dino} greens and reds mess me up
01[10:00] {@Threei} most setups can be taken either way depending on which side triggers first
[10:00] {nemo} they're both usually amphetamines
01[10:00] {@Threei} *(US) APR PENDING HOME SALES M/M: 3.4% V 0.9%E; Y/Y: 13.4% V 10.9%E
[10:00] {nemo} you running for office Vad?
[10:00] {cosmo} instinct is key
[10:00] {nemo} funny...I think it's lack of sobriety
[10:01] {nemo} stop to .83
[10:01] {nemo} algo opening very red
01[10:01] {@Threei} CAT should be ready soon
[10:02] {nemo} already @S3
01[10:02] {@Threei} Long Setup: CAT .35 break
01[10:02] {@Threei} If holds .25
[10:02] {nemo} little late
[10:03] {dino} in .39
01[10:03] {@Threei} 1:1
01[10:03] {@Threei} here is an idea: keep your order ready for pullback instead of typing how late you are {G}
[10:04] {nemo} that means I have to put the shot glass down
01[10:05] {@Threei} not necessary
01[10:05] {@Threei} beer hat will solve all your problems
[10:05] {nemo} IV?
[10:05] {cosmo} it might be good for initiating instinct, neo
[10:05] {nemo} pxd
[10:05] {cosmo} nemo i mean
[10:05] {nemo} yeah, wtf...this isn't the Matrix
01[10:05] {@Threei} https://atimetocastawaystones.files.wordpress.com/2011/09/beer-hat-beer-helmet-pic-8.jpg
[10:05] {nemo} I took the other pill
[10:06] {cosmo} :)
[10:06] {cosmo} i took a white one
[10:06] {nemo} aspirin doesn't count
01[10:06] {@Threei} lol
[10:06] {cosmo} its good for pain
[10:06] {nemo} vodka
[10:07] {cosmo} liquid asprin
[10:07] {nemo} EXPE dino
[10:08] {dino} on it
[10:09] {nemo} market goes south, that has a gap to fill
[10:09] {nemo} weak stocks: rcl pxd mmm
[10:09] {nemo} joy
[10:09] {nemo} fslr
[10:09] {nemo} expe
[10:09] {nemo} apa
[10:09] {nemo} nov
[10:09] {nemo} alxn
[10:09] {nemo} slb
[10:10] {nemo} strong: twtr vfc
01[10:10] {@Threei} 1:1 MCD
[10:12] {cosmo} IWM needs to hold 123.8 imo
[10:12] {nemo} that's the 34 ema
01[10:12] {@Threei} Long Setup: AIG .90 break
01[10:12] {@Threei} If holds .80
[10:17] {dino} cat stopped -.26
01[10:19] {@Threei} 1:1
[10:21] {dino} cat whippy
[10:21] {dino} rinsed
01[10:28] {@Threei} Long Setup: FB .50 break
01[10:28] {@Threei} If holds .40
01[10:30] {@Threei} no go
01[10:31] {@Threei} crap, greeks fault
01[10:31] {@Threei} (GR) IMF comments on Greece; expecting Greece authorities to make their payments to the IMF
01[10:34] {@Threei} Long Setup: VXX .10 break
01[10:34] {@Threei} If holds 19
01[10:39] {@Threei} stop to .04
01[10:42] {@Threei} Short Setup: FB .35 break
01[10:42] {@Threei} If holds .45
01[10:48] {@Threei} nah
01[10:49] {@Threei} breakdown didn't happen
[10:59] {nemo} aapl looks sick
[11:07] {nemo} think I'll watch a movie
01[11:08] {@Threei} Long Setup: CAT .30 break
01[11:08] {@Threei} If holds .20
[11:08] {nemo} ballsy, can't get above vwap
01[11:09] {@Threei} Invalidated
[11:11] {dino} adding cat calls
[11:11] {dino} adding uri calls
01[11:13] {@Threei} Putin says FIFA arrests shows US meddling abroad
01[11:14] {@Threei} of course... he bought that 2018 world championate, and now is told it was illegal
[11:14] {dino} lol, how about putin getting 8 goals in the pro hockey game last week? who does he think he is, kim of n korea
01[11:16] {@Threei} goalie fainted when saw him with pack
01[11:16] {@Threei} it's let the pack through or go to Siberia
[11:16] {dino} who really believes this junk?
01[11:16] {@Threei} you wouldn't believe how many...
01[11:16] {@Threei} I hardly believe myself
01[11:17] {@Threei} for a while I thought it was Stalinist times 2
01[11:17] {@Threei} now I see it's worse
[11:17] {dino} looking more like facism
01[11:17] {@Threei} in first version, people knew and understood what happened, and went along simply because alternative was deasth
01[11:18] {@Threei} now, a lot of them really believe
01[11:18] {@Threei} maybe much more powerful technologies of brainwashing help, maybe something elsde, don't know
01[11:35] {@Threei} in case anyone needs a refresher on various methods of order execution in Logix, https://www.youtube.com/watch?t=15&v=37EmvghEUs8
01[11:41] {@Threei} drew, missed link to logix order routing?
[11:41] {drewj} yes...internet problems
01[11:42] {@Threei} https://www.youtube.com/watch?t=15&v=37EmvghEUs8
[11:42] {drewj} ty
01[12:03] {@Threei} Short Setup: CAT 86 break
01[12:03] {@Threei} If holds .10
01[12:09] {@Threei} 1:1
[13:37] {nemo} Vad?
[13:37] {nemo} Vad?
[13:38] {nemo} ad?
[13:38] {nemo} Vad?
[13:38] {dino} lol
[13:38] {nemo} should I sober up?
01[13:38] {@Threei} ??
01[13:38] {@Threei} why would you do that?
[13:39] {nemo} I have to drive in a couple of hours
01[13:39] {@Threei} so?
[13:39] {dino} take one for the ditch
[13:39] {nemo} I'm going through 2 liters of vodka a week
[13:40] {nemo} I have to get a wand scan at the airport because my liver won't get through a metal detector
01[13:44] {@Threei} Long Setup: CAT 86 break
01[13:44] {@Threei} If holds .90
[13:49] {nemo} I get so bored...should have been watching expe all day
[13:50] {dino} bored here too
[13:50] {nemo} shouldn't you be pumping Iron about now
01[13:50] {@Threei} I feel guilty
[13:51] {nemo} comes with being Jewish
01[13:51] {@Threei} then again, if I tried to dance to entertain you, I'd have even more reason to feel guilty
[13:51] {dino} should, but i'm tired
[13:51] {nemo} would wolverine bitch about being tired?
[13:51] {nemo} how about Ahnold?
[13:51] {nemo} get off ur ass
[13:51] {dino} no?
[13:52] {nemo} you can rest when ur dead
01[13:52] {@Threei} https://www.youtube.com/watch?v=xR_CRgW4Gs8
[13:52] {nemo} EXPE below 109 could be intersting
[13:52] {nemo} especially if market comes in
[13:53] {nemo} oh yeah, oldie but goodie
[13:53] {nemo} tight stop above .05
[13:54] {nemo} gap ahoy!
[13:54] {dino} pretty big gap 106 area
[13:55] {nemo} ur kinda' girl
[13:55] {dino} 106 lbs
[13:55] {nemo} doesn't need a life preserver
[13:55] {nemo} and no gag reflex
[13:57] {nemo} arguably .20 is also a resistance level
[13:59] {nemo} aapl looking short
[13:59] {dino} flat lining too me
[14:00] {dino} to
[14:00] {nemo} yeah, but time is coming
[14:00] {dino} no spikes, no capits......c'mon
[14:01] {nemo} methinks you'll have to change ur style for the summer...or go teach golf
[14:01] {dino} hope you're wrong
[14:01] {nemo} without a crisis, gonna' be very dead this Summer
01[14:02] {@Threei} I disagree
[14:03] {nemo} whatever
01[14:03] {@Threei} there always will be individual stocks with news
[14:03] {nemo} just looking at volume
[14:03] {nemo} 50 mil today, shit lowest last August was 48 mil
01[14:03] {@Threei} dino's style is uniquely positioned in this regard, with as little connection to general market as it gets
01[14:04] {@Threei} you maye have no volume in the market, yet a given stock with news will see action
[14:04] {nemo} Dino is unhinged from reality...good on ya'!
[14:04] {dino} i have to agree w/vad. always spikes/capits going on
[14:04] {nemo} really? how's today been?
[14:04] {dino} reality is real nemo, not sure i want to be there
[14:04] {nemo} sucks dude
[14:05] {nemo} when you start dealing with other dimensions, gets real complicated
[14:05] {dino} today, as spock would say, the days' not over yet
[14:05] {nemo} which doesn't answer the concrete question I posed
[14:06] {dino} ?
[14:06] {nemo} who do you think ur talking to....Les?
[14:06] {dino} lol, that bring back memories
[14:06] {nemo} [14:05] {nemo} really? how's today been?
[14:06] {dino} day is not over yet
[14:06] {dino} busy morning
[14:07] {dino} amag, avgo were nice
[14:08] {nemo} hard stop in expe above .06
01[14:13] {@Threei} (EU) Spokesperson for IMF's Lagarde rebuts earlier Germany press attribution of her comments about the possibility of Greece's exit from the EMU - Reminder: Earlier (GR) IMF Lagarde said to feel that a Greece exit from the EMU may be a possibility as the talks have not led to substantial results
[14:14] {dino} lol, they talk both sides daily
[14:14] {dino} been going on for 3 years now
[14:15] {dino} greece leaves once they stop loaning it money for the payment due
[14:16] {dino} frgi spike
01[14:17] {@Threei} Long Setup: VXX 19 break
01[14:18] {@Threei} If holds .95
[14:22] {dino} 07 green
[14:26] {dino} frgi s .16
[14:28] {dino} cov .01, +.15
01[14:28] {@Threei} Long Setup: IWM .45 break
01[14:28] {@Threei} If holds .35
[14:30] {dino} dwti drop
[14:34] {dino} gme spike
[14:34] {dino} syt spike
[14:36] {dino} gme sm s .96
[14:45] {dino} cov .95, out of time. back in 30 or so
01[15:03] {@Threei} let's go IWM
01[15:03] {@Threei} it's time
01[15:13] {@Threei} US) Fed's Kocherlakota (non-voter, dove): Raising interest rates this year is not consistent with the Fed's mandate - would require 3 more years of job gains similar to that seen in 2014 for full employment to be reached; at full employment, the rate would likely not be below 5%
01[15:17] {@Threei} Long Setup: TWTR .90 breask
[15:26] {dino} miss much?
01[15:26] {@Threei} nah
[15:27] {dino} clls spike
01[15:27] {@Threei} LLS Said to be in talks to sell the company - financial press- Holder Pfizer (~10% holder) speculated as a suitor -
01[15:27] {@Threei} CLLS
[15:44] {dino} gotta hop, gn all
01[15:45] {@Threei} 1:1 IWM
01[15:45] {@Threei} finally
01[15:54] {@Threei} OK, closing UWM
01[15:54] {@Threei} I
01[15:54] {@Threei} thank guys, have a good evening, see you tomorrow
Wednesday, May 27, 2015
May 27 2015
Back to winning streak with nice trading session, 1:2 to 1:4, some scalps, some small stops. Business as usual
Session Time: Wed May 27 00:00:00 2015
[09:10] {drewj} gm
[09:10] {dino} gm
[09:10] {nemo} yes, I have vodka
01[09:13] {@Threei} dino, nemo :)
01[09:13] {@Threei} drew :)
[09:21] {Branm} goodmorning
01[09:21] {@Threei} branm :)
01[09:27] {@Threei} Upside:
01[09:27] {@Threei} -EOX +66% (no longer going public with IPO)
01[09:27] {@Threei} -GBSN +32% (positive broker commentary)
01[09:27] {@Threei} -MERU +26% (being acquired by Fortinet at $1.63/shr)
01[09:27] {@Threei} -FPRX +17% (entered into licensing agreement with BLUE for novel antibodies to develop chimeric antigen receptor T Cell therapy)
01[09:27] {@Threei} -CLLS +9% (momentum from FPRX deal with BLUE)
01[09:27] {@Threei} -TIF +6.8% (earnings)
01[09:27] {@Threei} -PLUG +5.4% (announced MSA for GenKey hydrogen fuel cell solution)
01[09:27] {@Threei} -TIVO +4.3% (earnings)
01[09:27] {@Threei} -ZGNX +4.3% (new efficacy data from long-term Fenfluramine data for treating Dravet Syndrome)
01[09:27] {@Threei} -DSW +4.2% (earnings)
01[09:27] {@Threei} -HRL +4.2% (acquiring Applegate Farms for $775M)
01[09:28] {@Threei} Downside:
01[09:28] {@Threei} -KORS -17% (earnings & guidance)
01[09:28] {@Threei} -ICAD -15% (withdraws FY15 guidance due to uncertainty related to reimbursement for non-melanoma skin cancer in the US)
01[09:28] {@Threei} -WDAY -9.5% (earnings)
01[09:28] {@Threei} -VNET -7.3% (earnings)
01[09:28] {@Threei} -CHS -5.8% (earnings)
01[09:28] {@Threei} -FWM -4.5% (earnings)
01[09:31] {@Threei} Long Setup: VXX .25 break
01[09:31] {@Threei} If holds .15
01[09:33] {@Threei} to .19
01[09:34] {@Threei} if you caught spike to exit half, then trail to .24
01[09:35] {@Threei} Long Setup: FB .70 break
01[09:35] {@Threei} If holds .60
01[09:36] {@Threei} 1:1
01[09:41] {@Threei} Long Setup: BP .70 break
01[09:41] {@Threei} If holds .60
01[09:42] {@Threei} Long Setup: FB .80 break
01[09:42] {@Threei} If holds .70
01[09:43] {@Threei} 1:1
01[09:45] {@Threei} Invalidated BP
[09:47] {dino} wday sm l .52 wide
[09:47] {nemo} hooker play?
[09:49] {dino} stopped wday, bought the f'ng top
01[09:52] {@Threei} Long Setup: FB .90 break
01[09:52] {@Threei} If holds .85
01[09:52] {@Threei} unusually tight stop, pullback entry
01[09:57] {@Threei} meh
[10:00] {dino} wday sm l .70
01[10:01] {@Threei} Short Setup: TWTR .40 break
01[10:01] {@Threei} If holds .50
[10:13] {dino} out wday .41, +.81
[10:13] {dino} opps, +.71
01[10:13] {@Threei} wtg
01[10:14] {@Threei} wtg - 10 cents
[10:14] {dino} ty
[10:17] {Branm} anyone still in FB
01[10:19] {@Threei} not me
01[10:19] {@Threei} why, it was stopped long ago
[10:19] {Branm} I am out now
01[10:20] {@Threei} you know how to manage the play according to setup description?
01[10:21] {@Threei} http://www.realitytrader.com/tradingroom/#instructions
[10:24] {Branm} Thanks I read the instructions just takes awhile to sink in and truly understand
[10:26] {dino} adro spike
01[10:26] {@Threei} don't hesitate to ask questions
[10:26] {dino} wday sm l .25
01[10:26] {@Threei} no go TWTR
[10:27] {dino} wday = pulp
[10:28] {nemo} they yanked the book on indexes and aapl
01[10:33] {@Threei} frikin TWTR
01[10:33] {@Threei} rinse
01[10:35] {@Threei} @#$^%&
01[10:35] {@Threei} (GR) IMF's Blanchard: Eurozone can survive a Greek exit
01[10:35] {@Threei} good... kick them out and survive already
01[10:35] {@Threei} everyone will be relieved
01[10:37] {@Threei} 1:3... shoot me now
[10:38] {dino} bang
01[10:38] {@Threei} thank you
[10:38] {dino} :)
01[10:39] {@Threei} that was perfect case for DKTK
[10:39] {dino} achc ?
[10:39] {nemo} told u it was coming
01[10:40] {@Threei} no news
01[10:41] {@Threei} FB... let's see if we can use pullback for entry
[10:43] {dino} achc sm s .90
01[10:44] {@Threei} now FB needs to rinse .10 buyers by pulling back under 80
01[10:44] {@Threei} and we want to get it on recross
[10:44] {nemo} frickin' Greeks
01[10:46] {@Threei} how did they offend you?
[10:46] {dino} cov achc .20, +.70
[10:46] {nemo} this market is because of Greece at the moment...so much headline risk
[10:47] {dino} "better worlds" market nemo
[10:47] {nemo} where?
01[10:48] {@Threei} Italy?
[10:48] {dino} find stocks acting on their own
[10:49] {dino} the niose doesn't apply to certain stocks
[10:49] {dino} noise too
01[10:55] {@Threei} anyone got FB near 80?
[10:57] {Branm} Made .15 fb
01[10:58] {@Threei} :)
[10:58] {dino} gj
01[10:59] {@Threei} Long Setup: TWTR .20 break
01[10:59] {@Threei} If holds .10
[10:59] {dino} last try wday sm l .24
[11:01] {nemo} twtr can't go up with market
[11:10] {dino} wday stop
01[11:15] {@Threei} half out TWTR
01[11:15] {@Threei} stop to .14
[11:18] {dino} rinsed
01[11:49] {@Threei} Long Setup: JPM .40 break
01[11:49] {@Threei} If holds .30
01[11:51] {@Threei} US and European equities are bouncing higher this morning after yesterday's big losses. Yesterday Greece seemed hopeless, while today progress is possibly being made.
01[11:51] {@Threei} G7 finance ministers are meeting in Dusseldorf for several days this week and today the meeting is generating market-moving headlines regarding Greece. Just after the open of US cash equity trading, there were reports that a Greece official said Greece and its creditors have begun putting together a "staff level" agreement, including long-term solutions to debt and pension issues. Within an hour, European officials clarified that they are not yet drafting a final accord and that plenty of difference among the parties to the negotiations remain.
[12:02] {Branm} what time frame of chart are you looking at thanks
01[12:03] {@Threei} 1 min and daily
01[12:09] {@Threei} stop to .34 JPM
01[12:10] {@Threei} lunch time, tghter risk control
01[12:21] {@Threei} 1:1
01[12:23] {@Threei} TWTR to .18
01[12:31] {@Threei} to .19 and by the book from here
01[12:42] {@Threei} 1:2 TWTR
06[12:43] * @Threei slaps nemo around a bit with a large roll of cash
01[13:01] {@Threei} (GR) France Fin Min Sapin: talks on Greece have not led to any written agreements, Greece officials must place their commitments on paper as time is running out
01[13:02] {@Threei} I change my mind... let the Greek drama continue, what we would do for fun without it
01[13:18] {@Threei} TWTR 1:4
01[13:18] {@Threei} out
[13:58] {_GEOARB} test
[13:58] {dino} brcm spike
[13:58] {dino} avgo too
[13:59] {nemo} does Corvus=Raven?
01[13:59] {@Threei} passed, geo
01[13:59] {@Threei} with flying colors
[13:59] {_GEOARB} thanks..... at work now..... will come in early tomorrow.
01[14:00] {@Threei} :)
01[14:00] {@Threei} JPM stop is .39 for now, with trail to .45 after .55 break
[14:00] {nemo} work? these are drinking hours
01[14:00] {@Threei} TWTR, stay away for now, but is pulls back to .40 will get interested again
[14:02] {dino} rumors avgo offer for brcm
01[14:04] {@Threei} BRCM Reportedly in advanced talks to be acquired by Avago Technologies
[14:08] {dino} qrvo spike
01[14:09] {@Threei} JPM stop to .44 now
[14:09] {dino} avgo smr s .72
[14:12] {_GEOARB} test in MIRC
01[14:15] {@Threei} passed
[14:17] {dino} altr spike
[14:28] {dino} avgo cov/stopped
01[14:29] {@Threei} Long Setup: FB .15 break
01[14:29] {@Threei} If holds .05
[14:33] {dino} avgo smr s .71
[14:34] {nemo} eh...those are "serious" talks, not just rumors
[14:35] {nemo} you and your hooker spreads
[14:36] {dino} surprised the buyer is up 11+
01[14:42] {@Threei} missed TWTR near .40
01[14:43] {@Threei} if anyone got it, start partialling out here
01[14:43] {@Threei} or just take a scalp, no firm read on it
[14:46] {dino} cov avgo 141.21, +1.50. back in 30 or so
01[14:47] {@Threei} wtg
01[14:47] {@Threei} for this you can take whole 4o min
01[14:47] {@Threei} heck, 45
[14:47] {dino} lol
01[14:47] {@Threei} :)
01[14:48] {@Threei} no go FB
01[14:49] {@Threei} Long Setup: VXX .60 break
01[14:50] {@Threei} If holds .55
01[14:50] {@Threei} low risk attempt to get market drop
01[15:02] {@Threei} SPY, double top or break
01[15:07] {@Threei} if SPY lowes .60 instead of breaking .70 now, VXX should work
01[15:08] {@Threei} lowes = loses
01[15:08] {@Threei} ugh
01[15:08] {@Threei} ok, be a fakeout and drop now
01[15:11] {@Threei} hmmm... a lot of momo
01[15:12] {@Threei} but VXX still holds the breakeven level
01[15:12] {@Threei} sitting tight for now, risk is negligible
01[15:12] {@Threei} and morning was good enough to risk this
[15:37] {nemo} so according to today's action, yesterday never occurred
01[15:38] {@Threei} correct
01[15:38] {@Threei} sorry... korreqt
[15:39] {dino} higher lows slightly higher highs
[15:39] {nemo} Summer is setting up for grind higher...perfect distribution environment
[15:39] {dino} 20k it wants
[15:40] {nemo} machines will trade all Summer then big money comes back and decides what to do in the Fall
[15:41] {nemo} we'll get some heavy info on Greece over the weekend, probably propels us to new highs
01[15:42] {@Threei} sounds right to me
01[15:43] {@Threei} Short Setup: FB .50 break
01[15:43] {@Threei} If holds .55
[15:44] {nemo} short .55 hold .60
[15:44] {nemo} imo
01[15:46] {@Threei} stubborn support
01[15:50] {@Threei} meh
01[15:51] {@Threei} OK guys, thank you all, have a great evening. See you tomorrow
Session Time: Wed May 27 00:00:00 2015
[09:10] {drewj} gm
[09:10] {dino} gm
[09:10] {nemo} yes, I have vodka
01[09:13] {@Threei} dino, nemo :)
01[09:13] {@Threei} drew :)
[09:21] {Branm} goodmorning
01[09:21] {@Threei} branm :)
01[09:27] {@Threei} Upside:
01[09:27] {@Threei} -EOX +66% (no longer going public with IPO)
01[09:27] {@Threei} -GBSN +32% (positive broker commentary)
01[09:27] {@Threei} -MERU +26% (being acquired by Fortinet at $1.63/shr)
01[09:27] {@Threei} -FPRX +17% (entered into licensing agreement with BLUE for novel antibodies to develop chimeric antigen receptor T Cell therapy)
01[09:27] {@Threei} -CLLS +9% (momentum from FPRX deal with BLUE)
01[09:27] {@Threei} -TIF +6.8% (earnings)
01[09:27] {@Threei} -PLUG +5.4% (announced MSA for GenKey hydrogen fuel cell solution)
01[09:27] {@Threei} -TIVO +4.3% (earnings)
01[09:27] {@Threei} -ZGNX +4.3% (new efficacy data from long-term Fenfluramine data for treating Dravet Syndrome)
01[09:27] {@Threei} -DSW +4.2% (earnings)
01[09:27] {@Threei} -HRL +4.2% (acquiring Applegate Farms for $775M)
01[09:28] {@Threei} Downside:
01[09:28] {@Threei} -KORS -17% (earnings & guidance)
01[09:28] {@Threei} -ICAD -15% (withdraws FY15 guidance due to uncertainty related to reimbursement for non-melanoma skin cancer in the US)
01[09:28] {@Threei} -WDAY -9.5% (earnings)
01[09:28] {@Threei} -VNET -7.3% (earnings)
01[09:28] {@Threei} -CHS -5.8% (earnings)
01[09:28] {@Threei} -FWM -4.5% (earnings)
01[09:31] {@Threei} Long Setup: VXX .25 break
01[09:31] {@Threei} If holds .15
01[09:33] {@Threei} to .19
01[09:34] {@Threei} if you caught spike to exit half, then trail to .24
01[09:35] {@Threei} Long Setup: FB .70 break
01[09:35] {@Threei} If holds .60
01[09:36] {@Threei} 1:1
01[09:41] {@Threei} Long Setup: BP .70 break
01[09:41] {@Threei} If holds .60
01[09:42] {@Threei} Long Setup: FB .80 break
01[09:42] {@Threei} If holds .70
01[09:43] {@Threei} 1:1
01[09:45] {@Threei} Invalidated BP
[09:47] {dino} wday sm l .52 wide
[09:47] {nemo} hooker play?
[09:49] {dino} stopped wday, bought the f'ng top
01[09:52] {@Threei} Long Setup: FB .90 break
01[09:52] {@Threei} If holds .85
01[09:52] {@Threei} unusually tight stop, pullback entry
01[09:57] {@Threei} meh
[10:00] {dino} wday sm l .70
01[10:01] {@Threei} Short Setup: TWTR .40 break
01[10:01] {@Threei} If holds .50
[10:13] {dino} out wday .41, +.81
[10:13] {dino} opps, +.71
01[10:13] {@Threei} wtg
01[10:14] {@Threei} wtg - 10 cents
[10:14] {dino} ty
[10:17] {Branm} anyone still in FB
01[10:19] {@Threei} not me
01[10:19] {@Threei} why, it was stopped long ago
[10:19] {Branm} I am out now
01[10:20] {@Threei} you know how to manage the play according to setup description?
01[10:21] {@Threei} http://www.realitytrader.com/tradingroom/#instructions
[10:24] {Branm} Thanks I read the instructions just takes awhile to sink in and truly understand
[10:26] {dino} adro spike
01[10:26] {@Threei} don't hesitate to ask questions
[10:26] {dino} wday sm l .25
01[10:26] {@Threei} no go TWTR
[10:27] {dino} wday = pulp
[10:28] {nemo} they yanked the book on indexes and aapl
01[10:33] {@Threei} frikin TWTR
01[10:33] {@Threei} rinse
01[10:35] {@Threei} @#$^%&
01[10:35] {@Threei} (GR) IMF's Blanchard: Eurozone can survive a Greek exit
01[10:35] {@Threei} good... kick them out and survive already
01[10:35] {@Threei} everyone will be relieved
01[10:37] {@Threei} 1:3... shoot me now
[10:38] {dino} bang
01[10:38] {@Threei} thank you
[10:38] {dino} :)
01[10:39] {@Threei} that was perfect case for DKTK
[10:39] {dino} achc ?
[10:39] {nemo} told u it was coming
01[10:40] {@Threei} no news
01[10:41] {@Threei} FB... let's see if we can use pullback for entry
[10:43] {dino} achc sm s .90
01[10:44] {@Threei} now FB needs to rinse .10 buyers by pulling back under 80
01[10:44] {@Threei} and we want to get it on recross
[10:44] {nemo} frickin' Greeks
01[10:46] {@Threei} how did they offend you?
[10:46] {dino} cov achc .20, +.70
[10:46] {nemo} this market is because of Greece at the moment...so much headline risk
[10:47] {dino} "better worlds" market nemo
[10:47] {nemo} where?
01[10:48] {@Threei} Italy?
[10:48] {dino} find stocks acting on their own
[10:49] {dino} the niose doesn't apply to certain stocks
[10:49] {dino} noise too
01[10:55] {@Threei} anyone got FB near 80?
[10:57] {Branm} Made .15 fb
01[10:58] {@Threei} :)
[10:58] {dino} gj
01[10:59] {@Threei} Long Setup: TWTR .20 break
01[10:59] {@Threei} If holds .10
[10:59] {dino} last try wday sm l .24
[11:01] {nemo} twtr can't go up with market
[11:10] {dino} wday stop
01[11:15] {@Threei} half out TWTR
01[11:15] {@Threei} stop to .14
[11:18] {dino} rinsed
01[11:49] {@Threei} Long Setup: JPM .40 break
01[11:49] {@Threei} If holds .30
01[11:51] {@Threei} US and European equities are bouncing higher this morning after yesterday's big losses. Yesterday Greece seemed hopeless, while today progress is possibly being made.
01[11:51] {@Threei} G7 finance ministers are meeting in Dusseldorf for several days this week and today the meeting is generating market-moving headlines regarding Greece. Just after the open of US cash equity trading, there were reports that a Greece official said Greece and its creditors have begun putting together a "staff level" agreement, including long-term solutions to debt and pension issues. Within an hour, European officials clarified that they are not yet drafting a final accord and that plenty of difference among the parties to the negotiations remain.
[12:02] {Branm} what time frame of chart are you looking at thanks
01[12:03] {@Threei} 1 min and daily
01[12:09] {@Threei} stop to .34 JPM
01[12:10] {@Threei} lunch time, tghter risk control
01[12:21] {@Threei} 1:1
01[12:23] {@Threei} TWTR to .18
01[12:31] {@Threei} to .19 and by the book from here
01[12:42] {@Threei} 1:2 TWTR
06[12:43] * @Threei slaps nemo around a bit with a large roll of cash
01[13:01] {@Threei} (GR) France Fin Min Sapin: talks on Greece have not led to any written agreements, Greece officials must place their commitments on paper as time is running out
01[13:02] {@Threei} I change my mind... let the Greek drama continue, what we would do for fun without it
01[13:18] {@Threei} TWTR 1:4
01[13:18] {@Threei} out
[13:58] {_GEOARB} test
[13:58] {dino} brcm spike
[13:58] {dino} avgo too
[13:59] {nemo} does Corvus=Raven?
01[13:59] {@Threei} passed, geo
01[13:59] {@Threei} with flying colors
[13:59] {_GEOARB} thanks..... at work now..... will come in early tomorrow.
01[14:00] {@Threei} :)
01[14:00] {@Threei} JPM stop is .39 for now, with trail to .45 after .55 break
[14:00] {nemo} work? these are drinking hours
01[14:00] {@Threei} TWTR, stay away for now, but is pulls back to .40 will get interested again
[14:02] {dino} rumors avgo offer for brcm
01[14:04] {@Threei} BRCM Reportedly in advanced talks to be acquired by Avago Technologies
[14:08] {dino} qrvo spike
01[14:09] {@Threei} JPM stop to .44 now
[14:09] {dino} avgo smr s .72
[14:12] {_GEOARB} test in MIRC
01[14:15] {@Threei} passed
[14:17] {dino} altr spike
[14:28] {dino} avgo cov/stopped
01[14:29] {@Threei} Long Setup: FB .15 break
01[14:29] {@Threei} If holds .05
[14:33] {dino} avgo smr s .71
[14:34] {nemo} eh...those are "serious" talks, not just rumors
[14:35] {nemo} you and your hooker spreads
[14:36] {dino} surprised the buyer is up 11+
01[14:42] {@Threei} missed TWTR near .40
01[14:43] {@Threei} if anyone got it, start partialling out here
01[14:43] {@Threei} or just take a scalp, no firm read on it
[14:46] {dino} cov avgo 141.21, +1.50. back in 30 or so
01[14:47] {@Threei} wtg
01[14:47] {@Threei} for this you can take whole 4o min
01[14:47] {@Threei} heck, 45
[14:47] {dino} lol
01[14:47] {@Threei} :)
01[14:48] {@Threei} no go FB
01[14:49] {@Threei} Long Setup: VXX .60 break
01[14:50] {@Threei} If holds .55
01[14:50] {@Threei} low risk attempt to get market drop
01[15:02] {@Threei} SPY, double top or break
01[15:07] {@Threei} if SPY lowes .60 instead of breaking .70 now, VXX should work
01[15:08] {@Threei} lowes = loses
01[15:08] {@Threei} ugh
01[15:08] {@Threei} ok, be a fakeout and drop now
01[15:11] {@Threei} hmmm... a lot of momo
01[15:12] {@Threei} but VXX still holds the breakeven level
01[15:12] {@Threei} sitting tight for now, risk is negligible
01[15:12] {@Threei} and morning was good enough to risk this
[15:37] {nemo} so according to today's action, yesterday never occurred
01[15:38] {@Threei} correct
01[15:38] {@Threei} sorry... korreqt
[15:39] {dino} higher lows slightly higher highs
[15:39] {nemo} Summer is setting up for grind higher...perfect distribution environment
[15:39] {dino} 20k it wants
[15:40] {nemo} machines will trade all Summer then big money comes back and decides what to do in the Fall
[15:41] {nemo} we'll get some heavy info on Greece over the weekend, probably propels us to new highs
01[15:42] {@Threei} sounds right to me
01[15:43] {@Threei} Short Setup: FB .50 break
01[15:43] {@Threei} If holds .55
[15:44] {nemo} short .55 hold .60
[15:44] {nemo} imo
01[15:46] {@Threei} stubborn support
01[15:50] {@Threei} meh
01[15:51] {@Threei} OK guys, thank you all, have a great evening. See you tomorrow
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
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
Friday, May 22, 2015
Market Week Wrap-up
TradeTheNews.com Weekly
Market Update: Global Central Banks Still Got the Markets' Back
Fri, 22 May 2015 16:08 PM EST
Assured by an apparent stabilization in global interest rates, market participants sent global equities higher this week on central bank largess and any scrap of perceived good news to hit the tape. In Europe, indices saw a marked upturn despite the emerging sense that Greece was headed for default, while the Shanghai Composite notched seven-year highs on a 7% gain for the week. After emerging from recession in Q4, Japan's Q1 GDP report was even better, growing by its highest rate in a year on an annualized basis at +2.4%. China data remained soft, but the implicit promise of more PBoC support no matter what kept stocks boisterous. US May data was tepid, and the FOMC minutes gave a strong feeling that the Fed would not be raising rates before September. Fed Chair Yellen's Friday afternoon speech did little to alter that notion. There was mixed economic data in Europe, but comments by ECB's Coeure that the ECB would front-load its QE purchases because of the seasonal lack of liquidity in the summer helped gird markets. The US 10-year yield is held near its 200 day moving average just above 2.2% and the Greenback found some buyers. The DJIA and S&P500 saw fresh all-time highs before some very modest selling late in the week, while the Nasdaq approached recent all-time highs. For the week, the DJIA ended down 0.2%, the S&P500 gained 0.2% and the Nasdaq rose 0.8%.
Weak May US economic data points further contributed to the feeling that the Fed would have a very hard time raising rates any time soon. The headline Markit May manufacturing PMI reading was softer for a second consecutive month, dropping to its lowest level since January 2014. Overseas markets continue to be a source of trouble: exports have fallen for two months and manufacturers warned the strong dollar was a big drag on their competitiveness in external markets. Meanwhile the May Philly Fed outlook dropped to 6.7 from 7.5 in April (which had been a four-month high). The NAHB survey of homebuilder confidence slipped lower in May, dropping to 54 from 56 in April, and missed expectations. Following the data, it was hard not to read deeply into this line from the FOMC minutes: "Many participants thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range had been satisfied." Yellen followed the minutes up by reiterating monetary policy would remain data dependent, and emphasized that though the economy continues to progress down the path towards rate normalization this year, the threshold for inflation/wages has not been met yet.
April US housing data reflects the choppy, fits-and-starts nature of the recovery so far. Housing starts rose in April to their highest level since November of 2007. Starts jumped more than 20% sequentially to 1.135 million, for the biggest m/m gain in 25 years. Starts for single-family homes hit their highest level since January 2008. April existing home sales declined slightly from March's very strong showing, due to a lack of supply more than anything else.
Another week and another summit has passed without a deal between Greece and its European creditors. Stale rhetoric was heard from both sides about "progress being made" and "concessions being discussed." Greece warned it needed a deal by June in order to make a series of large payments. More tellingly, there were reports that the IMF was not interested in being a party to the Greece situation after June, while late in the week German Finance Minister Wlfgang Schaeuble would not rule out Greek default as a possible outcome and mentioned (at a private event) that Greece may need a parallel currency alongside the euro if the country's talks with creditors fail. The Euro fell below the support level of 1.1060 in Fridays session. The Coeure comments on QE helped spark a general resurgence in the Greenback early on, while consternation surrounding Greece and Friday's hotter than expected core US CPI weighed on the Euro further.
Airline stocks stalled in a big way this week as the downsides of lower fuel prices emerged. Southwest hiked its capacity growth rate for 2015 to +8% from +7%, citing higher profitability due in part to cheap fuel lowering costs. After years of keeping capacity on a short leash, investors saw the move as the beginning of a competitive scramble by the airlines, and shares of the US majors were down ~12% a piece on the week, and below 200-day moving averages. The correction in airlines stocks helped push the Dow Jones Transports to new multi-month lows. Some analysts warned about the negative implications of the move, while others argued falling oil prices trumped "Dow Theory" in this case.
Whether quarterly results were good or bad, shares of big chain retailers lost ground this week. Walmart lost 4% on the week after the firm missed revenue expectations in its first-quarter report. Best Buy saw momentary gains after EPS topped expectations, but revenue and earnings were down considerably on a y/y basis (thanks to the firm winding down its Canada operations). The home improvement names had contrasting first-quarter results - Home Depot beat expectations across the board, Loews did the opposite - but shares of both lost ground on the week. Apparel names TJX and American Eagle racked up good gains on solid quarterly results, including very good comp growth. The Gap gapped lower as comps remained negative.
Six global banks - Bank of America, Citicorp, JPMorgan, Barclays, UBS and Royal Bank of Scotland - agreed to pay $5.8 billion and five of them agreed to plead guilty to charges tied to a FX market rigging investigation. UBS was granted immunity for its cooperation in the investigation. Separately, the Federal Reserve imposed fines of more than $1.6 billion on the five banks for "unsafe and unsound practices."
On the M&A front, CVS Health reached a deal to acquire pharmacy services provider Omnicare for about $12.7 billion, or $98 per share in cash plus $2.3 billion of Omnicare's debt. Omnicare is the largest provider of pharmaceutical services in nursing homes in the US. Time Warner Cable was back in the headlines as French cable giant Altice was reported to be holding talks to acquire the company. Altice's CEO later said at a conference that there were interesting opportunities for consolidation in the US, expect to be "right in the middle" of US cable consolidation. On Friday Salesforce.com popped again after CNBC's confirmed talks between MSFT and CRM progressed recently but the two companies' CEOs were unable to agree on price.
Shanghai Composite marched to a fresh 7-year high above 4,650, ending the week on a high note with an over 8% gain. The early look at May performance has done little to deter the PBoC from maintaining its increasingly more proactive easing path, as HSBC preliminary manufacturing PMI remained in contraction for the 3rd straight month. 49.1 print was below 49.3 expected, and the closely-watched component of new export orders also switched to contraction from expansion. In turn, the equity rally continues to be infused with explosion in retail trading activity, as the latest data showed China total margin debt hit a fresh record high of CNY2.01T, up nearly 5% in just a week.
Nikkei225 was also up moderately, racking up a 2.7% to finish above 20,250 after testing its own multi-year high above 20,300. Q1 GDP expanded for the 2nd consecutive quarter, this time at a more impressive pace of 2.4% on the year - a year high. The most impressive gains were made in the residential investment component, while private consumption continued its steady rise. As speculated after the release of the GDP data, the Bank of Japan took note of both of these trends in its latest monetary policy statement and raised the assessment of housing and consumption. Although the BOJ saw no progress on inflation with expectation of flat prices remaining, the improvement in other areas also allowed policymakers to lift their overall assessment for the first time in nearly 2 years.
Fri, 22 May 2015 16:08 PM EST
Assured by an apparent stabilization in global interest rates, market participants sent global equities higher this week on central bank largess and any scrap of perceived good news to hit the tape. In Europe, indices saw a marked upturn despite the emerging sense that Greece was headed for default, while the Shanghai Composite notched seven-year highs on a 7% gain for the week. After emerging from recession in Q4, Japan's Q1 GDP report was even better, growing by its highest rate in a year on an annualized basis at +2.4%. China data remained soft, but the implicit promise of more PBoC support no matter what kept stocks boisterous. US May data was tepid, and the FOMC minutes gave a strong feeling that the Fed would not be raising rates before September. Fed Chair Yellen's Friday afternoon speech did little to alter that notion. There was mixed economic data in Europe, but comments by ECB's Coeure that the ECB would front-load its QE purchases because of the seasonal lack of liquidity in the summer helped gird markets. The US 10-year yield is held near its 200 day moving average just above 2.2% and the Greenback found some buyers. The DJIA and S&P500 saw fresh all-time highs before some very modest selling late in the week, while the Nasdaq approached recent all-time highs. For the week, the DJIA ended down 0.2%, the S&P500 gained 0.2% and the Nasdaq rose 0.8%.
Weak May US economic data points further contributed to the feeling that the Fed would have a very hard time raising rates any time soon. The headline Markit May manufacturing PMI reading was softer for a second consecutive month, dropping to its lowest level since January 2014. Overseas markets continue to be a source of trouble: exports have fallen for two months and manufacturers warned the strong dollar was a big drag on their competitiveness in external markets. Meanwhile the May Philly Fed outlook dropped to 6.7 from 7.5 in April (which had been a four-month high). The NAHB survey of homebuilder confidence slipped lower in May, dropping to 54 from 56 in April, and missed expectations. Following the data, it was hard not to read deeply into this line from the FOMC minutes: "Many participants thought it unlikely that the data available in June would provide sufficient confirmation that the conditions for raising the target range had been satisfied." Yellen followed the minutes up by reiterating monetary policy would remain data dependent, and emphasized that though the economy continues to progress down the path towards rate normalization this year, the threshold for inflation/wages has not been met yet.
April US housing data reflects the choppy, fits-and-starts nature of the recovery so far. Housing starts rose in April to their highest level since November of 2007. Starts jumped more than 20% sequentially to 1.135 million, for the biggest m/m gain in 25 years. Starts for single-family homes hit their highest level since January 2008. April existing home sales declined slightly from March's very strong showing, due to a lack of supply more than anything else.
Another week and another summit has passed without a deal between Greece and its European creditors. Stale rhetoric was heard from both sides about "progress being made" and "concessions being discussed." Greece warned it needed a deal by June in order to make a series of large payments. More tellingly, there were reports that the IMF was not interested in being a party to the Greece situation after June, while late in the week German Finance Minister Wlfgang Schaeuble would not rule out Greek default as a possible outcome and mentioned (at a private event) that Greece may need a parallel currency alongside the euro if the country's talks with creditors fail. The Euro fell below the support level of 1.1060 in Fridays session. The Coeure comments on QE helped spark a general resurgence in the Greenback early on, while consternation surrounding Greece and Friday's hotter than expected core US CPI weighed on the Euro further.
Airline stocks stalled in a big way this week as the downsides of lower fuel prices emerged. Southwest hiked its capacity growth rate for 2015 to +8% from +7%, citing higher profitability due in part to cheap fuel lowering costs. After years of keeping capacity on a short leash, investors saw the move as the beginning of a competitive scramble by the airlines, and shares of the US majors were down ~12% a piece on the week, and below 200-day moving averages. The correction in airlines stocks helped push the Dow Jones Transports to new multi-month lows. Some analysts warned about the negative implications of the move, while others argued falling oil prices trumped "Dow Theory" in this case.
Whether quarterly results were good or bad, shares of big chain retailers lost ground this week. Walmart lost 4% on the week after the firm missed revenue expectations in its first-quarter report. Best Buy saw momentary gains after EPS topped expectations, but revenue and earnings were down considerably on a y/y basis (thanks to the firm winding down its Canada operations). The home improvement names had contrasting first-quarter results - Home Depot beat expectations across the board, Loews did the opposite - but shares of both lost ground on the week. Apparel names TJX and American Eagle racked up good gains on solid quarterly results, including very good comp growth. The Gap gapped lower as comps remained negative.
Six global banks - Bank of America, Citicorp, JPMorgan, Barclays, UBS and Royal Bank of Scotland - agreed to pay $5.8 billion and five of them agreed to plead guilty to charges tied to a FX market rigging investigation. UBS was granted immunity for its cooperation in the investigation. Separately, the Federal Reserve imposed fines of more than $1.6 billion on the five banks for "unsafe and unsound practices."
On the M&A front, CVS Health reached a deal to acquire pharmacy services provider Omnicare for about $12.7 billion, or $98 per share in cash plus $2.3 billion of Omnicare's debt. Omnicare is the largest provider of pharmaceutical services in nursing homes in the US. Time Warner Cable was back in the headlines as French cable giant Altice was reported to be holding talks to acquire the company. Altice's CEO later said at a conference that there were interesting opportunities for consolidation in the US, expect to be "right in the middle" of US cable consolidation. On Friday Salesforce.com popped again after CNBC's confirmed talks between MSFT and CRM progressed recently but the two companies' CEOs were unable to agree on price.
Shanghai Composite marched to a fresh 7-year high above 4,650, ending the week on a high note with an over 8% gain. The early look at May performance has done little to deter the PBoC from maintaining its increasingly more proactive easing path, as HSBC preliminary manufacturing PMI remained in contraction for the 3rd straight month. 49.1 print was below 49.3 expected, and the closely-watched component of new export orders also switched to contraction from expansion. In turn, the equity rally continues to be infused with explosion in retail trading activity, as the latest data showed China total margin debt hit a fresh record high of CNY2.01T, up nearly 5% in just a week.
Nikkei225 was also up moderately, racking up a 2.7% to finish above 20,250 after testing its own multi-year high above 20,300. Q1 GDP expanded for the 2nd consecutive quarter, this time at a more impressive pace of 2.4% on the year - a year high. The most impressive gains were made in the residential investment component, while private consumption continued its steady rise. As speculated after the release of the GDP data, the Bank of Japan took note of both of these trends in its latest monetary policy statement and raised the assessment of housing and consumption. Although the BOJ saw no progress on inflation with expectation of flat prices remaining, the improvement in other areas also allowed policymakers to lift their overall assessment for the first time in nearly 2 years.
May 22 2015
Decent morning after which we took long weekend early. Two nice longs on IWM for 1:4 and FB for 1:2 at the end helped nicely.
Session Time: Fri May 22 00:00:01 2015
[09:26] {nemo} suprisingly good spy volume this morning
01[09:27] {@Threei} market is happy to see any drop
[09:27] {jfjf64} Morni
01[09:27] {@Threei} jf :)
01[09:28] {@Threei} Upside:
01[09:28] {@Threei} -LONG +35% (completed sale of its 62.4% stake in company for a total of $671M)
01[09:28] {@Threei} -ONTY +22% (Feuerstein mailbag citing potential on ONTY's ONT-380 if data at ASCO is positive)
01[09:28] {@Threei} -EROC +16% (said to be acquired by Vanguard Natural Partners for $614M)
01[09:28] {@Threei} -FRO +7.3% (container freight rates for Asia to Northern Europe said to see largest decline since '08)
01[09:28] {@Threei} -CTRP +6% (LONG deal)
01[09:28] {@Threei} -SGYP +5.6% (positive broker commentary)
01[09:28] {@Threei} -QURE +5.6% (positive broker commentary)
01[09:28] {@Threei} -TNP +5% (earnings)
01[09:28] {@Threei} -SHAK +4% (company reportedly looking to open a chain of chicken restaurants)
01[09:28] {@Threei} Downside:
01[09:28] {@Threei} -OTIC -20% (reported Phase 2b topline data for OTO-104 in Meniere's disease)
01[09:28] {@Threei} -VGGL -17% (priced 3.63M shares at $2.50/shr)
01[09:28] {@Threei} -ISR -10% (hearing company attempted to raise funds yesterday)
01[09:28] {@Threei} -NVEE -5% (prices 1.43M share offering at $19.50/shr)
01[09:28] {@Threei} -HIBB -3.7% (earnings)
01[09:32] {@Threei} Short Setup: FB .40 break
01[09:32] {@Threei} If holds .50
01[09:34] {@Threei} 1:1
01[09:37] {@Threei} Long Setup: IWM .85 break
01[09:37] {@Threei} If holds .75
01[09:39] {@Threei} 1:1
01[09:51] {@Threei} Long Setup: FB .70 break
01[09:51] {@Threei} If holds .60
01[09:54] {@Threei} Invalidated
01[09:57] {@Threei} 1:2 IWM
[10:07] {nemo} aapl driving indexes
01[10:12] {@Threei} Long Setup: FB .60 break
01[10:12] {@Threei} If holds .50
[10:12] {nemo} whoa
01[10:14] {@Threei} 1:1
01[10:14] {@Threei} 1:2
[10:15] {nemo} blew right by my entry
01[10:15] {@Threei} [YHOO] Ticking higher on China press speculation that BABA could seek to acquire the company to avoid issues related to IRS spin off scrutiny
01[10:16] {@Threei} YHOO span off BABA... BABA ate YHOO...
01[10:16] {@Threei} something biblical about that
[10:31] {cosmo} snake eats it tail
[10:31] {cosmo} its
[10:31] {jfjf64} Dgx
[10:31] {jfjf64} Para
01[10:31] {@Threei} what happens if it chews toward the head?
[10:32] {cosmo} tail eats it's head...hmm
[10:34] {jfjf64} Halted
[10:37] {drewj} Is dino golfing again?
01[10:38] {@Threei} 15:55] {dino} taking tomorrow off, see you tuesday
[10:38] {drewj} Vad CAT long?
01[10:38] {@Threei} can't tell
01[10:39] {@Threei} chart looks good by itself,
01[10:39] {@Threei} but I am not delighted by it in context of general market
[10:39] {drewj} ok
01[10:39] {@Threei} SPY is at day's high,
01[10:39] {@Threei} CAT is barely raisning from the low
[10:39] {drewj} So it's weak
[10:54] {drewj} Vad when would you look for a reversal then?
[10:54] {drewj} In context of the whole market
01[10:55] {@Threei} when setup presents itself
01[10:55] {@Threei} so far nothing happens
[10:56] {drewj} right but how does the setup relate to the context of the market?
01[10:56] {@Threei} for instance:
01[10:57] {@Threei} CAT stays near low while market goes up, market pulls back, CAT breaks the low - here is my short setup
[10:57] {drewj} So weak stock on market weakeness
[10:57] {drewj} strong stock on market strength
01[10:57] {@Threei} yup
[10:58] {drewj} nice...so simple
[10:58] {drewj} yet......hard to see
[10:58] {drewj} so that's why you stay away from stand alone setups
01[10:59] {@Threei} well, not entirely, sometimes they can be of use,
01[10:59] {@Threei} but for the most part, yes, market provides support
01[11:00] {@Threei} and guidance
[11:00] {drewj} those tend to need extra momentum right?
[11:00] {drewj} that's how dino does his thing
01[11:00] {@Threei} I'd say, different source of momentum
[11:00] {drewj} like news
01[11:00] {@Threei} news for instance
[11:00] {drewj} excellent boss!
[11:01] {drewj} Finally makes sense to me
[11:01] {drewj} sheesh
[11:01] {drewj} took long enough
[11:16] {jfjf64} Fb bounce here
[11:16] {jfjf64} .85
01[11:17] {@Threei} good one
[11:18] {jfjf64} Quick 10 cents
[11:19] {jfjf64} Mkt ??
[11:22] {jfjf64} Watchin tmus
01[11:27] {@Threei} Long Setup: VXX .70 breajk
01[11:30] {@Threei} If holds .65
01[11:42] {@Threei} meh
[11:45] {jfjf64} Iwm .30
[11:45] {jfjf64} My last play
01[11:47] {@Threei} Long Setup: FB .05 break
01[11:47] {@Threei} If holds .95
[11:50] {jfjf64} Iwm
[11:59] {jfjf64} Finally 1:1
[11:59] {jfjf64} Let's go fb
01[12:05] {@Threei} 1:1
01[12:07] {@Threei} DGX Refuses comment on rumors or speculation
01[12:08] {@Threei} IWM 1:2
01[12:09] {@Threei} 1:2
01[12:12] {@Threei} IWM 1:4
01[12:12] {@Threei} got this drive right, eh jf?
01[12:13] {@Threei} The euro took another big leg lower this morning on reports that German Finance Minister Schaeuble discussed the possibility of a parallel currency for Greece in a private discussion
01[12:13] {@Threei} man...
01[12:13] {@Threei} there is parallel currency... called drahma
[12:31] {jfjf64} Yes
[12:31] {jfjf64} Nice iwm
[12:31] {jfjf64} Nice fb
[12:32] {jfjf64} Yoku break here
[12:32] {jfjf64} Try
[12:33] {jfjf64} Any takers
[12:35] {jfjf64} Roast pork lo mein tonight
[12:35] {jfjf64} Ty yoku
01[12:35] {@Threei} lol
[12:36] {jfjf64} They have good Chinese food in victoria
01[12:37] {@Threei} by reviews, yes
01[12:37] {@Threei} no my own experience, I am not too keen on chinese
[12:38] {jfjf64} I enjoy it
[12:40] {jfjf64} Ci s .60
[12:40] {jfjf64} .70 break
[12:41] {jfjf64} Nope
[12:45] {jfjf64} .90
[12:45] {jfjf64} Last try
[12:46] {jfjf64} Meh
[12:47] {jfjf64} Done enjoy weekend all
01[12:47] {@Threei} see you Tiesday jf
[12:47] {jfjf64} Yes
01[12:47] {@Threei} ok guys, ready for long weekend?
[12:47] {jfjf64} D top ci
[12:47] {jfjf64} Enjoy all
01[12:48] {@Threei} if we had empty afternoons for two weeks at least, the one on Fri before long weekend is guaranteed to be dead
01[12:48] {@Threei} so, let's get some rest, have fun and see you Tuesday!
[12:48] {jfjf64} Lots food drink
[12:49] {drewj} enjoy guys
[12:49] {drewj} thank you vg
Session Time: Fri May 22 00:00:01 2015
[09:26] {nemo} suprisingly good spy volume this morning
01[09:27] {@Threei} market is happy to see any drop
[09:27] {jfjf64} Morni
01[09:27] {@Threei} jf :)
01[09:28] {@Threei} Upside:
01[09:28] {@Threei} -LONG +35% (completed sale of its 62.4% stake in company for a total of $671M)
01[09:28] {@Threei} -ONTY +22% (Feuerstein mailbag citing potential on ONTY's ONT-380 if data at ASCO is positive)
01[09:28] {@Threei} -EROC +16% (said to be acquired by Vanguard Natural Partners for $614M)
01[09:28] {@Threei} -FRO +7.3% (container freight rates for Asia to Northern Europe said to see largest decline since '08)
01[09:28] {@Threei} -CTRP +6% (LONG deal)
01[09:28] {@Threei} -SGYP +5.6% (positive broker commentary)
01[09:28] {@Threei} -QURE +5.6% (positive broker commentary)
01[09:28] {@Threei} -TNP +5% (earnings)
01[09:28] {@Threei} -SHAK +4% (company reportedly looking to open a chain of chicken restaurants)
01[09:28] {@Threei} Downside:
01[09:28] {@Threei} -OTIC -20% (reported Phase 2b topline data for OTO-104 in Meniere's disease)
01[09:28] {@Threei} -VGGL -17% (priced 3.63M shares at $2.50/shr)
01[09:28] {@Threei} -ISR -10% (hearing company attempted to raise funds yesterday)
01[09:28] {@Threei} -NVEE -5% (prices 1.43M share offering at $19.50/shr)
01[09:28] {@Threei} -HIBB -3.7% (earnings)
01[09:32] {@Threei} Short Setup: FB .40 break
01[09:32] {@Threei} If holds .50
01[09:34] {@Threei} 1:1
01[09:37] {@Threei} Long Setup: IWM .85 break
01[09:37] {@Threei} If holds .75
01[09:39] {@Threei} 1:1
01[09:51] {@Threei} Long Setup: FB .70 break
01[09:51] {@Threei} If holds .60
01[09:54] {@Threei} Invalidated
01[09:57] {@Threei} 1:2 IWM
[10:07] {nemo} aapl driving indexes
01[10:12] {@Threei} Long Setup: FB .60 break
01[10:12] {@Threei} If holds .50
[10:12] {nemo} whoa
01[10:14] {@Threei} 1:1
01[10:14] {@Threei} 1:2
[10:15] {nemo} blew right by my entry
01[10:15] {@Threei} [YHOO] Ticking higher on China press speculation that BABA could seek to acquire the company to avoid issues related to IRS spin off scrutiny
01[10:16] {@Threei} YHOO span off BABA... BABA ate YHOO...
01[10:16] {@Threei} something biblical about that
[10:31] {cosmo} snake eats it tail
[10:31] {cosmo} its
[10:31] {jfjf64} Dgx
[10:31] {jfjf64} Para
01[10:31] {@Threei} what happens if it chews toward the head?
[10:32] {cosmo} tail eats it's head...hmm
[10:34] {jfjf64} Halted
[10:37] {drewj} Is dino golfing again?
01[10:38] {@Threei} 15:55] {dino} taking tomorrow off, see you tuesday
[10:38] {drewj} Vad CAT long?
01[10:38] {@Threei} can't tell
01[10:39] {@Threei} chart looks good by itself,
01[10:39] {@Threei} but I am not delighted by it in context of general market
[10:39] {drewj} ok
01[10:39] {@Threei} SPY is at day's high,
01[10:39] {@Threei} CAT is barely raisning from the low
[10:39] {drewj} So it's weak
[10:54] {drewj} Vad when would you look for a reversal then?
[10:54] {drewj} In context of the whole market
01[10:55] {@Threei} when setup presents itself
01[10:55] {@Threei} so far nothing happens
[10:56] {drewj} right but how does the setup relate to the context of the market?
01[10:56] {@Threei} for instance:
01[10:57] {@Threei} CAT stays near low while market goes up, market pulls back, CAT breaks the low - here is my short setup
[10:57] {drewj} So weak stock on market weakeness
[10:57] {drewj} strong stock on market strength
01[10:57] {@Threei} yup
[10:58] {drewj} nice...so simple
[10:58] {drewj} yet......hard to see
[10:58] {drewj} so that's why you stay away from stand alone setups
01[10:59] {@Threei} well, not entirely, sometimes they can be of use,
01[10:59] {@Threei} but for the most part, yes, market provides support
01[11:00] {@Threei} and guidance
[11:00] {drewj} those tend to need extra momentum right?
[11:00] {drewj} that's how dino does his thing
01[11:00] {@Threei} I'd say, different source of momentum
[11:00] {drewj} like news
01[11:00] {@Threei} news for instance
[11:00] {drewj} excellent boss!
[11:01] {drewj} Finally makes sense to me
[11:01] {drewj} sheesh
[11:01] {drewj} took long enough
[11:16] {jfjf64} Fb bounce here
[11:16] {jfjf64} .85
01[11:17] {@Threei} good one
[11:18] {jfjf64} Quick 10 cents
[11:19] {jfjf64} Mkt ??
[11:22] {jfjf64} Watchin tmus
01[11:27] {@Threei} Long Setup: VXX .70 breajk
01[11:30] {@Threei} If holds .65
01[11:42] {@Threei} meh
[11:45] {jfjf64} Iwm .30
[11:45] {jfjf64} My last play
01[11:47] {@Threei} Long Setup: FB .05 break
01[11:47] {@Threei} If holds .95
[11:50] {jfjf64} Iwm
[11:59] {jfjf64} Finally 1:1
[11:59] {jfjf64} Let's go fb
01[12:05] {@Threei} 1:1
01[12:07] {@Threei} DGX Refuses comment on rumors or speculation
01[12:08] {@Threei} IWM 1:2
01[12:09] {@Threei} 1:2
01[12:12] {@Threei} IWM 1:4
01[12:12] {@Threei} got this drive right, eh jf?
01[12:13] {@Threei} The euro took another big leg lower this morning on reports that German Finance Minister Schaeuble discussed the possibility of a parallel currency for Greece in a private discussion
01[12:13] {@Threei} man...
01[12:13] {@Threei} there is parallel currency... called drahma
[12:31] {jfjf64} Yes
[12:31] {jfjf64} Nice iwm
[12:31] {jfjf64} Nice fb
[12:32] {jfjf64} Yoku break here
[12:32] {jfjf64} Try
[12:33] {jfjf64} Any takers
[12:35] {jfjf64} Roast pork lo mein tonight
[12:35] {jfjf64} Ty yoku
01[12:35] {@Threei} lol
[12:36] {jfjf64} They have good Chinese food in victoria
01[12:37] {@Threei} by reviews, yes
01[12:37] {@Threei} no my own experience, I am not too keen on chinese
[12:38] {jfjf64} I enjoy it
[12:40] {jfjf64} Ci s .60
[12:40] {jfjf64} .70 break
[12:41] {jfjf64} Nope
[12:45] {jfjf64} .90
[12:45] {jfjf64} Last try
[12:46] {jfjf64} Meh
[12:47] {jfjf64} Done enjoy weekend all
01[12:47] {@Threei} see you Tiesday jf
[12:47] {jfjf64} Yes
01[12:47] {@Threei} ok guys, ready for long weekend?
[12:47] {jfjf64} D top ci
[12:47] {jfjf64} Enjoy all
01[12:48] {@Threei} if we had empty afternoons for two weeks at least, the one on Fri before long weekend is guaranteed to be dead
01[12:48] {@Threei} so, let's get some rest, have fun and see you Tuesday!
[12:48] {jfjf64} Lots food drink
[12:49] {drewj} enjoy guys
[12:49] {drewj} thank you vg
Thursday, May 21, 2015
May 21 2015
About flat day, a few too many rinses which offset our profitable trades.
Session Time: Thu May 21 00:00:00 2015
[09:06] {dino} gm 3i
01[09:06] {@Threei} dino :)
01[09:23] {@Threei} Accidentally discovered near Kenya's Lake Turkana, 3.3 million-year-old artifacts reveal that our ancestors were shaping rocks into tools seven hundred thousands of years earlier than thought.
[09:26] {nemo} DG
01[09:27] {@Threei} Upside:
01[09:27] {@Threei} -CTP +36% (agreed to exclusive acquisition talks with DHR International BELOW prior $7/shr offer)
01[09:27] {@Threei} -AMPE +28% (positive data in Optina study for treating Diabetic Macular Edema)
01[09:27] {@Threei} -CALA +20% (initial Phase 1 data for CB-839 in acute leukemia)
01[09:27] {@Threei} -PRAN +18% (strength attributed to announcement related to the publication of minutes from the EMA regarding the previously announced Orphan drug designation for PBT2)
01[09:27] {@Threei} -BLUE +12% (LentiGlobin data & Feuerstein comments)
01[09:27] {@Threei} -MNGA +11% (no news seen)
01[09:27] {@Threei} -BBY +8% (earnings & guidance)
01[09:27] {@Threei} -TSL +7% (earnings)
01[09:27] {@Threei} -CYTR +16% (data)
01[09:27] {@Threei} Downside:
01[09:27] {@Threei} -WAVX -26% (announced public offering of common stock & warrants for indeterminate amount)
01[09:27] {@Threei} -LL -19% (resignation of CEO Lynch, Founder Sullivan acting as interim CEO)
01[09:27] {@Threei} -XNET -15% (earnings)
01[09:27] {@Threei} -NTAP -12% (earnings)
01[09:27] {@Threei} -RXII -12% (offering 22.5M units in secondary offering)
01[09:27] {@Threei} -RXN -12% (earnings)
01[09:27] {@Threei} -BRKR -10% (announced resignation of CFO & appointment of interim CFO)
01[09:27] {@Threei} -DLTR -4.4% (earnings)
01[09:32] {@Threei} Long Setup: IWM .80 break
01[09:32] {@Threei} If holds .70
01[09:33] {@Threei} fast...
01[09:33] {@Threei} 1:1
01[09:34] {@Threei} Long Setup: FB .20 break
01[09:34] {@Threei} If holds .10
01[09:36] {@Threei} no go
01[09:39] {@Threei} Long Setup: FCX .05 break
01[09:39] {@Threei} If holds 21
01[09:39] {@Threei} FB rinse
01[09:41] {@Threei} Invalidated
[09:41] {dino} brkr sm l trigger .25
[09:43] {dino} cx brkr
01[09:43] {@Threei} Long Setup: TWTR .55 break
01[09:43] {@Threei} If holds .50
01[09:45] {@Threei} *(US) MAY PRELIMINARY MARKIT MANUFACTURING PMI: 53.8 V 54.5E
01[09:46] {@Threei} meh
[09:50] {dino} ll sm l .35
[09:50] {dino} brkr sm l .01
01[09:51] {@Threei} Long Setup: FB .15 break
01[09:51] {@Threei} If holds .05
01[09:55] {@Threei} 1:1
[09:58] {jfjf64} Yoku hod
01[10:00] {@Threei} *(US) APR EXISTING HOME SALES: 5.04M V 5.23ME
01[10:00] {@Threei} 10:00 *(EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -5.5 V -4.8E
01[10:00] {@Threei} *(US) APR LEADING INDEX: 0.7% V 0.3%E
01[10:01] {@Threei} Short Setup: CAT 89 break
01[10:01] {@Threei} If holds .10
[10:02] {dino} out ll .75, +.40
01[10:03] {@Threei} Invalidated
01[10:05] {@Threei} Long Setup: CAT .20 break
01[10:05] {@Threei} If holds .10
01[10:06] {@Threei} 1:1
[10:06] {dino} 07 green
[10:14] {dino} aap spike
[10:15] {dino} whoa
01[10:15] {@Threei} Long Setup: FB .25 break
01[10:15] {@Threei} change to .20
01[10:15] {@Threei} If holds .10
[10:16] {dino} out brkr .46, +.45
01[10:16] {@Threei} wtg
[10:18] {dino} ty
[10:22] {nemo} lotsa' volume at .50 on BRKR
[10:23] {dino} yeah, see that, break may shoot it up
[10:23] {nemo} VWAP probably good floor
[10:24] {dino} wuba drop
01[10:24] {@Threei} 1:1
[10:24] {dino} gj
[10:25] {jfjf64} Adbe
[10:26] {dino} took .50
[10:26] {dino} brkr
[10:26] {nemo} seller came right back
[10:27] {dino} thick sucker
[10:27] {dino} or "fatty"
[10:29] {dino} dltr spike
01[10:30] {@Threei} (GR) Germany Chancellor Merkel and France President Hollande to meet later today with Greece PM Tsipras on sidelines of Riga summit
[10:30] {dino} wtf dltr, all misses
[10:30] {jfjf64} Wanted that break missed
01[10:31] {@Threei} Tsipras: I'll bring retzina
[10:31] {jfjf64} Esrx
01[10:31] {@Threei} Hollande: oppa!
[10:31] {dino} ffffffffuuuuuuuuuuuuuuu#kkkkkkkkkkkkkkkkkkk missed dltr
[10:31] {nemo} dino swears...wow
[10:32] {dino} too much, plus pounds fist on desk
01[10:32] {@Threei} FB 1:3
[10:32] {nemo} both dltr and dg started down, both strong
[10:33] {dino} gj 3i
[10:33] {dino} dltr hod
[10:33] {nemo} tough frickin' market and summer hasn't begun yet
[10:34] {dino} dltr, misses, lowers, and lowers
[10:34] {nemo} bad news is good
[10:35] {dino} sm s .70
[10:36] {dino} stop .91
[10:41] {dino} cov dltr .85 -.15
01[10:50] {@Threei} FB skyrocketing
[10:52] {jfjf64} Yeah
[10:53] {jfjf64} Without us
[10:53] {jfjf64} Lol
01[10:53] {@Threei} Short Setup: MCD .30 break
01[10:53] {@Threei} If holds .40
[11:02] {drewj} hey guys
01[11:02] {@Threei} Invalidated
01[11:02] {@Threei} hi drew
[11:03] {drewj} how's the day?
01[11:03] {@Threei} decent
[11:06] {dino} good
01[11:06] {@Threei} Short Setup: TWTR .65 break
01[11:06] {@Threei} If holds .75
[11:07] {jfjf64} Ll .35 long
01[11:12] {@Threei} Long Setup: TWTR .75 break
01[11:12] {@Threei} If holds .65
[11:13] {dino} dltr sm s .80
[11:19] {jfjf64} .51 line support dino
[11:19] {jfjf64} Break that good to go
[11:20] {dino} yeah, watching it, should go to 79.00
[11:21] {dino} tough
[11:24] {jfjf64} .51
[11:24] {jfjf64} Break it down Dino boy
[11:25] {jfjf64} 1:2 ll
[11:25] {dino} gj
[11:28] {dino} starting to think, better worlds than dltr
[11:29] {jfjf64} We missed it
[11:29] {dino} that .41 bid stopped the drop
[11:33] {jfjf64} Nice
[11:33] {jfjf64} .91 next line
[11:33] {jfjf64} Good luck
[11:34] {dino} ty
[11:37] {jfjf64} .91 to penny
[11:37] {dino} cov .00, +.80 dltr, good world after all
[11:37] {jfjf64} These lines good
[11:37] {jfjf64} Gj dino
[11:37] {dino} ty, what lines you getting
[11:37] {jfjf64} 1:3 ll
[11:38] {dino} gj
[11:38] {jfjf64} Floor traders pivots
[11:38] {jfjf64} Use ninja charts
[11:38] {dino} ok
[11:39] {jfjf64} They on money
[11:39] {jfjf64} Scary
[11:39] {dino} seem to be
[11:40] {jfjf64} Next line 78.16 dltr
[11:40] {jfjf64} Lol
[11:41] {dino} 78.27 vwap
[11:43] {jfjf64} Just got divergence ind here
[11:43] {jfjf64} Bounce here
[11:43] {jfjf64} .80
[11:44] {jfjf64} .75
[11:44] {nemo} where'd u get in jf?
[11:44] {nemo} 79.75?
[11:44] {jfjf64} Didn't yet
[11:44] {nemo} what you looking long?
[11:44] {jfjf64} .75 trigger
[11:44] {jfjf64} Dltr
[11:45] {nemo} 79 roof
[11:46] {dino} ruth
[11:47] {nemo} wtf...kevin
[11:48] {dino} :)
[11:49] {dino} over daily, so taking it easy here through lunch
[11:49] {nemo} really? why don't you go drop some weights on your chest then
[11:50] {dino} i need too. but long road trip tonight w/son
[11:50] {dino} maybe take a nap
[11:50] {nemo} got ur binky?
[11:50] {drewj} lol
[11:51] {dino} lol
[11:52] {dino} coming into vwap
[11:54] {drewj} Vad how do you set your daily income goal?
[11:54] {nemo} he doesn't, he takes what the market gives him
[11:54] {drewj} hmmm
[11:54] {nemo} you hold too tightly to a goal, you'll start over trading
[11:54] {drewj} really?
[11:54] {jfjf64} Or how much vodka needs to buy
[11:55] {drewj} that I can see
[11:55] {jfjf64} Aapl
[11:55] {nemo} 1.75 liters usually lasts me about 2 days
[11:55] {drewj} wow like a fish
[11:55] {nemo} don't know many fish that drink vodka
[11:56] {jfjf64} Nemo is a fish
[11:56] {nemo} having said that, sounds like my kinda' fish
[11:56] {drewj} know any Russians?
[11:56] {nemo} wrong
[11:56] {nemo} Vad? do I know any Russians?
[11:56] {drewj} He
01[11:56] {@Threei} no idea... I am a jew from Ukraine
[11:56] {jfjf64} Lol
[11:56] {drewj} He's warming up with a punchline
[11:57] {drewj} You're Jewish?
[11:57] {nemo} Yes, one of my closest friends is Russian from Moscow
[11:57] {jfjf64} 78.16
[11:57] {jfjf64} Dltr line
01[11:57] {@Threei} drew, yes but consider that there is cultural difference in the definition
[11:58] {drewj} I'm sure
01[11:58] {@Threei} for north americans it largely means religion
01[11:58] {@Threei} for east europenas, ethnicity
[11:59] {drewj} I recognize that. Also levels of respect vary.
01[11:59] {@Threei} so, if you can envision agnostic jew, that would be it :)
[11:59] {nemo} at least he's not kazhak
01[11:59] {@Threei} not in the least
[11:59] {nemo} or chechen
01[11:59] {@Threei} nor am I a cossack
[12:00] {nemo} or tartar
[12:00] {nemo} dg coming in
[12:00] {drewj} I had asked about daily goals Vad...is that what you do?
01[12:01] {@Threei} nemo's answered for me, so I didn;t bother :)
01[12:01] {@Threei} no goals here
[12:01] {nemo} told ya'
[12:01] {nemo} nobody ever listens to me
01[12:01] {@Threei} what I have instead is:
[12:01] {drewj} what nemo?
01[12:02] {@Threei} certain amount after which I switch to profit preservation mode
[12:02] {nemo} not talking
[12:02] {drewj} ok
01[12:03] {@Threei} what is profit preservation mode, you ask,
01[12:03] {@Threei} and boy, do I have an answer for you
[12:03] {nemo} no, he didn't
01[12:03] {@Threei} http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[12:03] {nemo} oh jeez
01[12:03] {@Threei} {GGG}
[12:03] {drewj} You read my mind
01[12:03] {@Threei} see nemo?
[12:04] {nemo} inside the mind of drewj...have fun Vad
01[12:04] {@Threei} and you wonder why I drink
01[12:05] {@Threei} nemo: no I don't
01[12:05] {@Threei} see? I am inside your mind too
[12:05] {nemo} as if you need the excuse
[12:05] {dino} as long as thats all
01[12:05] {@Threei} ewww
01[12:07] {@Threei} time for Ron to come back from vacation... I need some sane counterbalance to you'll
01[12:08] {@Threei} and I am scared to think ese might come back before Ron
[12:08] {nemo} maybe he'll help you with your grammar
01[12:08] {@Threei} nah, that ship has sailed
[12:09] {jfjf64} I'm at my goal going to lunch
[12:10] {jfjf64} Lol
[12:11] {jfjf64} Vg take nap we need 1:5 after lunch
01[12:13] {@Threei} ok
01[12:43] {@Threei} US stocks are not far off session highs as today's bad news is just bad enough to look like good news to market participants. The message seems to dovetail with yesterday's FOMC minutes, which suggested that even September might be too early for Fed rate hikes.
01[12:51] {@Threei} Short Setup: GLD .50 break
01[12:51] {@Threei} If holds .60
[12:53] {nemo} CRM
[13:51] {dino} smg drop
[14:05] {drewj} dino are you still in those anip calls?
[14:06] {dino} yes
01[14:13] {@Threei} be back in 27m 48s
[14:13] {drewj} don't be late
[14:13] {nemo} you lie
[14:34] {jfjf64} Hey lunch over
[14:34] {jfjf64} Anything going on
01[14:37] {@Threei} not yet
01[14:37] {@Threei} but soon
[14:45] {dino} back in 30
[14:45] {nemo} why bother?
[14:46] {dino} made 100 bucks at 3:30 yesterday
[14:46] {nemo} do I want to know how?
[14:46] {dino} shorted gbx spike
[14:46] {dino} gotta hop
01[14:47] {@Threei} Long Setup: FB .70 break
01[14:47] {@Threei} If holds .60
01[14:58] {@Threei} change to .60 break
01[14:58] {@Threei} If holds .55
[15:01] {jfjf64} Got filled .71
01[15:13] {@Threei} not delighted
01[15:20] {@Threei} watching VXX
01[15:24] {@Threei} Long Setup: VXX .75 break
01[15:31] {@Threei} If holds .68
01[15:33] {@Threei} change to .70
01[15:33] {@Threei} If holds .65
[15:36] {dino} jmei spike
01[15:36] {@Threei} Invalidated
01[15:37] {@Threei} Long Setup: FB .55 break
01[15:37] {@Threei} If holds .45
01[15:37] {@Threei} last attempt
[15:41] {dino} damn, jmei was the one
01[15:46] {@Threei} 1:1
[15:47] {dino} hchc spike
[15:49] {dino} hchc hl s .79
[15:50] {jfjf64} Hchc
[15:50] {jfjf64} K
[15:51] {dino} diiieeee
[15:52] {jfjf64} Tmus August 40 calls being bought 2 nd straight day
[15:54] {jfjf64} Done boys Ty
[15:54] {dino} gj jf
01[15:54] {@Threei} thank you all
01[15:54] {@Threei} hasve a good evening, see you tomorrow
Session Time: Thu May 21 00:00:00 2015
[09:06] {dino} gm 3i
01[09:06] {@Threei} dino :)
01[09:23] {@Threei} Accidentally discovered near Kenya's Lake Turkana, 3.3 million-year-old artifacts reveal that our ancestors were shaping rocks into tools seven hundred thousands of years earlier than thought.
[09:26] {nemo} DG
01[09:27] {@Threei} Upside:
01[09:27] {@Threei} -CTP +36% (agreed to exclusive acquisition talks with DHR International BELOW prior $7/shr offer)
01[09:27] {@Threei} -AMPE +28% (positive data in Optina study for treating Diabetic Macular Edema)
01[09:27] {@Threei} -CALA +20% (initial Phase 1 data for CB-839 in acute leukemia)
01[09:27] {@Threei} -PRAN +18% (strength attributed to announcement related to the publication of minutes from the EMA regarding the previously announced Orphan drug designation for PBT2)
01[09:27] {@Threei} -BLUE +12% (LentiGlobin data & Feuerstein comments)
01[09:27] {@Threei} -MNGA +11% (no news seen)
01[09:27] {@Threei} -BBY +8% (earnings & guidance)
01[09:27] {@Threei} -TSL +7% (earnings)
01[09:27] {@Threei} -CYTR +16% (data)
01[09:27] {@Threei} Downside:
01[09:27] {@Threei} -WAVX -26% (announced public offering of common stock & warrants for indeterminate amount)
01[09:27] {@Threei} -LL -19% (resignation of CEO Lynch, Founder Sullivan acting as interim CEO)
01[09:27] {@Threei} -XNET -15% (earnings)
01[09:27] {@Threei} -NTAP -12% (earnings)
01[09:27] {@Threei} -RXII -12% (offering 22.5M units in secondary offering)
01[09:27] {@Threei} -RXN -12% (earnings)
01[09:27] {@Threei} -BRKR -10% (announced resignation of CFO & appointment of interim CFO)
01[09:27] {@Threei} -DLTR -4.4% (earnings)
01[09:32] {@Threei} Long Setup: IWM .80 break
01[09:32] {@Threei} If holds .70
01[09:33] {@Threei} fast...
01[09:33] {@Threei} 1:1
01[09:34] {@Threei} Long Setup: FB .20 break
01[09:34] {@Threei} If holds .10
01[09:36] {@Threei} no go
01[09:39] {@Threei} Long Setup: FCX .05 break
01[09:39] {@Threei} If holds 21
01[09:39] {@Threei} FB rinse
01[09:41] {@Threei} Invalidated
[09:41] {dino} brkr sm l trigger .25
[09:43] {dino} cx brkr
01[09:43] {@Threei} Long Setup: TWTR .55 break
01[09:43] {@Threei} If holds .50
01[09:45] {@Threei} *(US) MAY PRELIMINARY MARKIT MANUFACTURING PMI: 53.8 V 54.5E
01[09:46] {@Threei} meh
[09:50] {dino} ll sm l .35
[09:50] {dino} brkr sm l .01
01[09:51] {@Threei} Long Setup: FB .15 break
01[09:51] {@Threei} If holds .05
01[09:55] {@Threei} 1:1
[09:58] {jfjf64} Yoku hod
01[10:00] {@Threei} *(US) APR EXISTING HOME SALES: 5.04M V 5.23ME
01[10:00] {@Threei} 10:00 *(EU) EURO ZONE MAY ADVANCE CONSUMER CONFIDENCE: -5.5 V -4.8E
01[10:00] {@Threei} *(US) APR LEADING INDEX: 0.7% V 0.3%E
01[10:01] {@Threei} Short Setup: CAT 89 break
01[10:01] {@Threei} If holds .10
[10:02] {dino} out ll .75, +.40
01[10:03] {@Threei} Invalidated
01[10:05] {@Threei} Long Setup: CAT .20 break
01[10:05] {@Threei} If holds .10
01[10:06] {@Threei} 1:1
[10:06] {dino} 07 green
[10:14] {dino} aap spike
[10:15] {dino} whoa
01[10:15] {@Threei} Long Setup: FB .25 break
01[10:15] {@Threei} change to .20
01[10:15] {@Threei} If holds .10
[10:16] {dino} out brkr .46, +.45
01[10:16] {@Threei} wtg
[10:18] {dino} ty
[10:22] {nemo} lotsa' volume at .50 on BRKR
[10:23] {dino} yeah, see that, break may shoot it up
[10:23] {nemo} VWAP probably good floor
[10:24] {dino} wuba drop
01[10:24] {@Threei} 1:1
[10:24] {dino} gj
[10:25] {jfjf64} Adbe
[10:26] {dino} took .50
[10:26] {dino} brkr
[10:26] {nemo} seller came right back
[10:27] {dino} thick sucker
[10:27] {dino} or "fatty"
[10:29] {dino} dltr spike
01[10:30] {@Threei} (GR) Germany Chancellor Merkel and France President Hollande to meet later today with Greece PM Tsipras on sidelines of Riga summit
[10:30] {dino} wtf dltr, all misses
[10:30] {jfjf64} Wanted that break missed
01[10:31] {@Threei} Tsipras: I'll bring retzina
[10:31] {jfjf64} Esrx
01[10:31] {@Threei} Hollande: oppa!
[10:31] {dino} ffffffffuuuuuuuuuuuuuuu#kkkkkkkkkkkkkkkkkkk missed dltr
[10:31] {nemo} dino swears...wow
[10:32] {dino} too much, plus pounds fist on desk
01[10:32] {@Threei} FB 1:3
[10:32] {nemo} both dltr and dg started down, both strong
[10:33] {dino} gj 3i
[10:33] {dino} dltr hod
[10:33] {nemo} tough frickin' market and summer hasn't begun yet
[10:34] {dino} dltr, misses, lowers, and lowers
[10:34] {nemo} bad news is good
[10:35] {dino} sm s .70
[10:36] {dino} stop .91
[10:41] {dino} cov dltr .85 -.15
01[10:50] {@Threei} FB skyrocketing
[10:52] {jfjf64} Yeah
[10:53] {jfjf64} Without us
[10:53] {jfjf64} Lol
01[10:53] {@Threei} Short Setup: MCD .30 break
01[10:53] {@Threei} If holds .40
[11:02] {drewj} hey guys
01[11:02] {@Threei} Invalidated
01[11:02] {@Threei} hi drew
[11:03] {drewj} how's the day?
01[11:03] {@Threei} decent
[11:06] {dino} good
01[11:06] {@Threei} Short Setup: TWTR .65 break
01[11:06] {@Threei} If holds .75
[11:07] {jfjf64} Ll .35 long
01[11:12] {@Threei} Long Setup: TWTR .75 break
01[11:12] {@Threei} If holds .65
[11:13] {dino} dltr sm s .80
[11:19] {jfjf64} .51 line support dino
[11:19] {jfjf64} Break that good to go
[11:20] {dino} yeah, watching it, should go to 79.00
[11:21] {dino} tough
[11:24] {jfjf64} .51
[11:24] {jfjf64} Break it down Dino boy
[11:25] {jfjf64} 1:2 ll
[11:25] {dino} gj
[11:28] {dino} starting to think, better worlds than dltr
[11:29] {jfjf64} We missed it
[11:29] {dino} that .41 bid stopped the drop
[11:33] {jfjf64} Nice
[11:33] {jfjf64} .91 next line
[11:33] {jfjf64} Good luck
[11:34] {dino} ty
[11:37] {jfjf64} .91 to penny
[11:37] {dino} cov .00, +.80 dltr, good world after all
[11:37] {jfjf64} These lines good
[11:37] {jfjf64} Gj dino
[11:37] {dino} ty, what lines you getting
[11:37] {jfjf64} 1:3 ll
[11:38] {dino} gj
[11:38] {jfjf64} Floor traders pivots
[11:38] {jfjf64} Use ninja charts
[11:38] {dino} ok
[11:39] {jfjf64} They on money
[11:39] {jfjf64} Scary
[11:39] {dino} seem to be
[11:40] {jfjf64} Next line 78.16 dltr
[11:40] {jfjf64} Lol
[11:41] {dino} 78.27 vwap
[11:43] {jfjf64} Just got divergence ind here
[11:43] {jfjf64} Bounce here
[11:43] {jfjf64} .80
[11:44] {jfjf64} .75
[11:44] {nemo} where'd u get in jf?
[11:44] {nemo} 79.75?
[11:44] {jfjf64} Didn't yet
[11:44] {nemo} what you looking long?
[11:44] {jfjf64} .75 trigger
[11:44] {jfjf64} Dltr
[11:45] {nemo} 79 roof
[11:46] {dino} ruth
[11:47] {nemo} wtf...kevin
[11:48] {dino} :)
[11:49] {dino} over daily, so taking it easy here through lunch
[11:49] {nemo} really? why don't you go drop some weights on your chest then
[11:50] {dino} i need too. but long road trip tonight w/son
[11:50] {dino} maybe take a nap
[11:50] {nemo} got ur binky?
[11:50] {drewj} lol
[11:51] {dino} lol
[11:52] {dino} coming into vwap
[11:54] {drewj} Vad how do you set your daily income goal?
[11:54] {nemo} he doesn't, he takes what the market gives him
[11:54] {drewj} hmmm
[11:54] {nemo} you hold too tightly to a goal, you'll start over trading
[11:54] {drewj} really?
[11:54] {jfjf64} Or how much vodka needs to buy
[11:55] {drewj} that I can see
[11:55] {jfjf64} Aapl
[11:55] {nemo} 1.75 liters usually lasts me about 2 days
[11:55] {drewj} wow like a fish
[11:55] {nemo} don't know many fish that drink vodka
[11:56] {jfjf64} Nemo is a fish
[11:56] {nemo} having said that, sounds like my kinda' fish
[11:56] {drewj} know any Russians?
[11:56] {nemo} wrong
[11:56] {nemo} Vad? do I know any Russians?
[11:56] {drewj} He
01[11:56] {@Threei} no idea... I am a jew from Ukraine
[11:56] {jfjf64} Lol
[11:56] {drewj} He's warming up with a punchline
[11:57] {drewj} You're Jewish?
[11:57] {nemo} Yes, one of my closest friends is Russian from Moscow
[11:57] {jfjf64} 78.16
[11:57] {jfjf64} Dltr line
01[11:57] {@Threei} drew, yes but consider that there is cultural difference in the definition
[11:58] {drewj} I'm sure
01[11:58] {@Threei} for north americans it largely means religion
01[11:58] {@Threei} for east europenas, ethnicity
[11:59] {drewj} I recognize that. Also levels of respect vary.
01[11:59] {@Threei} so, if you can envision agnostic jew, that would be it :)
[11:59] {nemo} at least he's not kazhak
01[11:59] {@Threei} not in the least
[11:59] {nemo} or chechen
01[11:59] {@Threei} nor am I a cossack
[12:00] {nemo} or tartar
[12:00] {nemo} dg coming in
[12:00] {drewj} I had asked about daily goals Vad...is that what you do?
01[12:01] {@Threei} nemo's answered for me, so I didn;t bother :)
01[12:01] {@Threei} no goals here
[12:01] {nemo} told ya'
[12:01] {nemo} nobody ever listens to me
01[12:01] {@Threei} what I have instead is:
[12:01] {drewj} what nemo?
01[12:02] {@Threei} certain amount after which I switch to profit preservation mode
[12:02] {nemo} not talking
[12:02] {drewj} ok
01[12:03] {@Threei} what is profit preservation mode, you ask,
01[12:03] {@Threei} and boy, do I have an answer for you
[12:03] {nemo} no, he didn't
01[12:03] {@Threei} http://blog.realitytrader.com/2011/10/profit-how-do-you-handle-it.html
[12:03] {nemo} oh jeez
01[12:03] {@Threei} {GGG}
[12:03] {drewj} You read my mind
01[12:03] {@Threei} see nemo?
[12:04] {nemo} inside the mind of drewj...have fun Vad
01[12:04] {@Threei} and you wonder why I drink
01[12:05] {@Threei} nemo: no I don't
01[12:05] {@Threei} see? I am inside your mind too
[12:05] {nemo} as if you need the excuse
[12:05] {dino} as long as thats all
01[12:05] {@Threei} ewww
01[12:07] {@Threei} time for Ron to come back from vacation... I need some sane counterbalance to you'll
01[12:08] {@Threei} and I am scared to think ese might come back before Ron
[12:08] {nemo} maybe he'll help you with your grammar
01[12:08] {@Threei} nah, that ship has sailed
[12:09] {jfjf64} I'm at my goal going to lunch
[12:10] {jfjf64} Lol
[12:11] {jfjf64} Vg take nap we need 1:5 after lunch
01[12:13] {@Threei} ok
01[12:43] {@Threei} US stocks are not far off session highs as today's bad news is just bad enough to look like good news to market participants. The message seems to dovetail with yesterday's FOMC minutes, which suggested that even September might be too early for Fed rate hikes.
01[12:51] {@Threei} Short Setup: GLD .50 break
01[12:51] {@Threei} If holds .60
[12:53] {nemo} CRM
[13:51] {dino} smg drop
[14:05] {drewj} dino are you still in those anip calls?
[14:06] {dino} yes
01[14:13] {@Threei} be back in 27m 48s
[14:13] {drewj} don't be late
[14:13] {nemo} you lie
[14:34] {jfjf64} Hey lunch over
[14:34] {jfjf64} Anything going on
01[14:37] {@Threei} not yet
01[14:37] {@Threei} but soon
[14:45] {dino} back in 30
[14:45] {nemo} why bother?
[14:46] {dino} made 100 bucks at 3:30 yesterday
[14:46] {nemo} do I want to know how?
[14:46] {dino} shorted gbx spike
[14:46] {dino} gotta hop
01[14:47] {@Threei} Long Setup: FB .70 break
01[14:47] {@Threei} If holds .60
01[14:58] {@Threei} change to .60 break
01[14:58] {@Threei} If holds .55
[15:01] {jfjf64} Got filled .71
01[15:13] {@Threei} not delighted
01[15:20] {@Threei} watching VXX
01[15:24] {@Threei} Long Setup: VXX .75 break
01[15:31] {@Threei} If holds .68
01[15:33] {@Threei} change to .70
01[15:33] {@Threei} If holds .65
[15:36] {dino} jmei spike
01[15:36] {@Threei} Invalidated
01[15:37] {@Threei} Long Setup: FB .55 break
01[15:37] {@Threei} If holds .45
01[15:37] {@Threei} last attempt
[15:41] {dino} damn, jmei was the one
01[15:46] {@Threei} 1:1
[15:47] {dino} hchc spike
[15:49] {dino} hchc hl s .79
[15:50] {jfjf64} Hchc
[15:50] {jfjf64} K
[15:51] {dino} diiieeee
[15:52] {jfjf64} Tmus August 40 calls being bought 2 nd straight day
[15:54] {jfjf64} Done boys Ty
[15:54] {dino} gj jf
01[15:54] {@Threei} thank you all
01[15:54] {@Threei} hasve a good evening, see you tomorrow
Wednesday, May 20, 2015
May 20 2015
Somewhat shaky day with more rinses than I'd like but still on a positive side thanks to a few large wins
Session Time: Wed May 20 00:00:00 2015
[08:59] {dino} gm
01[09:00] {@Threei} dino, welcome back
[09:00] {dino} ty
[09:01] {drewj} Hey guys...hi dino
[09:02] {dino} gm drew
01[09:03] {@Threei} drew :)
[09:18] {chasj} Good Morning
01[09:18] {@Threei} chas :)
01[09:19] {@Threei} - Greece Parliamentary Speaker: Greece will not pay June IMF repayment if no deal with international lenders is reached by then
01[09:20] {@Threei} - Iran said to rule out opening up military sites to nuclear inspectors
[09:21] {drewj} of course
[09:21] {chasj} And we keep playing into their hands
[09:22] {drewj} until it's too late
01[09:23] {@Threei} because in just a year and a half it will be someone eles's problem
01[09:28] {@Threei} Upside:
01[09:28] {@Threei} -SRPT +46% (announced plans to submit NDA for Eteplirsen following pre-NDA meeting with FDA)
01[09:28] {@Threei} -PBMD +32% (positive data from Phase 2 ovarian cancer clinical trial)
01[09:28] {@Threei} -ISR +29% (Cesium-131 Lung Cancer Treatment Reports 96% Success in Local Control and 100% Survival at 5 Years in High Risk Patients)
01[09:28] {@Threei} -AVEO +19% (presented final results of extension study 902 and FDA regulatory feedback for advancing Tivozanib)
01[09:28] {@Threei} -PBY +15% (said to have received takeover proposals from PE firm Golden Gate Capital)
01[09:28] {@Threei} -DL +15% (earnings)
01[09:28] {@Threei} -AEO +8% (earnings)
01[09:28] {@Threei} -EQIX +6.2% (received favorable REIT private label ruling letter from IRS)
01[09:28] {@Threei} -APO +4.8% (positive broker commentary)
01[09:28] {@Threei} -TWC +3.3% (Altice CEO comments on potential takeover offer)
01[09:28] {@Threei} -UBS +3.3% (DoJ announcing settlement with banks for FX spot manipulation)
01[09:28] {@Threei} -YHOO +2.8% (positive broker commentary offsets concern that Alibaba stake spin-off at risk due to potential increased IRS regulations of spin-offs)
01[09:28] {@Threei} -SYT +2.5% (renewed chatter/hopes MON could still want to make a deal)
01[09:29] {@Threei} Downside:
01[09:29] {@Threei} -ETSY -19% (earnings)
01[09:29] {@Threei} -ACHN -9.3% (negative broker commentary following JNJ deal announcement)
01[09:29] {@Threei} -KEYS -6.6% (earnings)
01[09:29] {@Threei} -LOW -5.6% (earnings)
01[09:29] {@Threei} -LOCO -5.4% (secondary offering chatter)
01[09:29] {@Threei} -XEC -4.8% (secondary offering of 6.M shares)
01[09:29] {@Threei} -NCLH -4% (Norwegian Dawn ran aground in Bermuda)
01[09:30] {@Threei} Short Setup: FB .40 break
01[09:31] {@Threei} If holds .50
01[09:32] {@Threei} stop to .46
01[09:32] {@Threei} 1:1
01[09:32] {@Threei} to .41
01[09:32] {@Threei} 1:2
01[09:33] {@Threei} Long Setup: FCX .30 break
01[09:34] {@Threei} 1:3
01[09:34] {@Threei} 1:4
[09:34] {nemo} Fed minutes today,
01[09:35] {@Threei} out in full
01[09:35] {@Threei} FCX, if holds .25
01[09:36] {@Threei} meh
01[09:38] {@Threei} Long Setup: IWM .65 break
01[09:39] {@Threei} change to .60
01[09:39] {@Threei} If holds .50
01[09:41] {@Threei} no go
[09:42] {drewj} fb
[09:42] {dino} keys sm l .65
01[09:46] {@Threei} Long Setup: IWM .50 break
01[09:46] {@Threei} If holds .40
01[09:48] {@Threei} ugh
[09:50] {nemo} rinse
01[09:51] {@Threei} yeah
[09:56] {nemo} looks like they split fas
01[09:56] {@Threei} Long Setup: FB .60 break
01[09:57] {@Threei} If holds .50
01[10:02] {@Threei} 1:1
01[10:02] {@Threei} finally
[10:08] {dino} momo spike
[10:10] {dino} keys stop .42 -.23
[10:11] {dino} break .50 re-loading
01[10:11] {@Threei} 1:2
[10:15] {dino} gj
01[10:15] {@Threei} ty
01[10:15] {@Threei} difficult reversal today
[10:16] {jfjf64} Hi all
[10:16] {drewj} hey jf
01[10:17] {@Threei} jf :)
[10:18] {jfjf64} All bounce here
01[10:18] {@Threei} 1:3 FB close enough
01[10:18] {@Threei} out
01[10:21] {@Threei} Long Setup: MCD .80 break
01[10:21] {@Threei} If holds .70
[10:21] {dino} keys stopped -.11
01[10:22] {@Threei} Invalidated
01[10:35] {@Threei} Long Setup: DAL 44 break
01[10:35] {@Threei} If holds .90
01[10:38] {@Threei} no go
01[10:46] {@Threei} Short Setup: TWTR .10 break
01[10:46] {@Threei} If holds .20
[10:47] {dino} momo sm s .15
[10:52] {nemo} Fed Minutes Day
[11:00] {dino} momo stop .30 -.15
[11:01] {dino} i'm a bit off today
01[11:02] {@Threei} so am I
[11:03] {jfjf64} Me too
[11:03] {jfjf64} Weird
[11:03] {nemo} Fed Minutes Day...nothing is as it seems
[11:03] {nemo} sheesh haven't even done 20 million spy
01[11:05] {@Threei} die TWTR
01[11:05] {@Threei} lose 37 and crash
[11:08] {drewj} short lvs?
[11:09] {dino} momo rinsed
01[11:09] {@Threei} .60 break LVS...
[11:09] {nemo} guys you're heading into the FED dead zone
01[11:16] {@Threei} TWTR, critical junction
01[11:16] {@Threei} should cut through 37
01[11:16] {@Threei} 1:1
01[11:16] {@Threei} like stone through hot butter
01[11:16] {@Threei} correct idiom, I think
[11:17] {nemo} hot knife through butter
01[11:17] {@Threei} sigh
[11:17] {nemo} sheesh
[11:17] {drewj} LOL
06[11:17] * @Threei withdraws his sense of humor
01[11:18] {@Threei} I had one more comparison for this fdrop, involving drunk sailors and prom dress, but now you will never hear it
[11:22] {dino} you mean drops like a prom dress
01[11:24] {@Threei} well... I like mixed metaphors
01[11:24] {@Threei} so, sailor got added in, just like a stone to hot butter
01[11:25] {@Threei} but my metaphors are too advanced for some it seems {G}
[11:25] {nemo} it's that extra-terrestrial sense of humor of yours
01[11:26] {@Threei} yes... why?
01[11:26] {@Threei} I am a trader and photigrapher by day, alien hunter by night
[11:26] {nemo} it doesn't always resonate with us native speakers
01[11:26] {@Threei} you mean with you earthlings
06[11:38] * @Threei hits TWTR over the head with sailor's prom dress
[11:39] {dino} yuk
06[11:40] * nemo thinks vad needs his meds adjusted
01[11:40] {@Threei} you mean that box of mushroom you mailed me last week wass not a proper medication?
[11:41] {nemo} that was for after work
01[11:42] {@Threei} then I am confused... "work"?
01[11:42] {@Threei} what is this "work" you speak of?
[11:44] {dino} abmd drop
01[11:45] {@Threei} Trading is choppy and volumes are lower again today in US markets. The 10-year UST yield is coming in a few basis points as European bonds sell off on a fresh round of Greece jitters. Traders are awaiting the FOMC minutes, out later this afternoon.
01[11:46] {@Threei} Six global banks - Bank of America, Citicorp, JPMorgan, Barclays, UBS and Royal Bank of Scotland - agreed to pay $5.8 billion and five of them agreed to plead guilty to charges tied to a FX market rigging investigation. UBS was granted immunity for its cooperation in the investigation.
[11:55] {dino} save sm l .50
01[11:58] {@Threei} Long Setup: FB .10 break
01[11:58] {@Threei} If holds 80
01[12:03] {@Threei} 1:1
[12:04] {dino} out save .90, +.40
[12:04] {dino} well, back in the black
01[12:05] {@Threei} :)
[12:05] {dino} going to take a lunch hour
01[12:18] {@Threei} wow
01[12:18] {@Threei} TWTR
01[12:19] {@Threei} Exec speaks on JPM tech conference
01[12:19] {@Threei} must have fainted on the stage to cause this
[12:21] {jfjf64} Lol
[12:22] {jfjf64} Or maybe fly opened and little birdie said. tweet tweet tweet
01[12:23] {@Threei} sheeesh
01[12:23] {@Threei} lol
[12:24] {jfjf64} Never now with this
01[12:25] {@Threei} [TWTR] Exec: Reiterates company has limited visibility on MAU growth - JP Morgan tech conf comments
[12:30] {jfjf64} S lvs.05
[12:52] {nemo} dude, wait for the Fed
[12:52] {nemo} stop trading
[12:54] {nemo} look at lvs on the daily dude
01[12:55] {@Threei} be back in 30
[13:12] {dino} what time fed? 2?
01[13:25] {@Threei} yes
01[13:59] {@Threei} (US) FED MINUTES FROM APRIL 28-29 FOMC MEETING: FEW OFFICIALS THOUGHT DATA MAY JUSTIFY DATA AT JUNE MEETING, DID NOT RULE OUT JUNE INCREASE
01[14:00] {@Threei} Short Setup: TWTR .80 break
01[14:02] {@Threei} Invalidated
01[14:03] {@Threei} Short Setup: FB .40 break
01[14:03] {@Threei} If holds .50
01[14:05] {@Threei} 1:1
01[14:26] {@Threei} Long Setup: WMT .25 break
01[14:26] {@Threei} If holds .15
01[14:34] {@Threei} Invalidated
[14:42] {dino} back in 30
[14:42] {nemo} why bother
01[14:43] {@Threei} Long Setup: WMT .05 break
01[14:59] {@Threei} stop .99
01[15:02] {@Threei} meh
01[15:09] {@Threei} Long Setup: FB .75 break
01[15:09] {@Threei} If holds .65
01[15:14] {@Threei} no go
01[15:18] {@Threei} no news for sudden SPY selloff
01[15:22] {@Threei} Long Setup: MCD 100 break
01[15:23] {@Threei} If holds .90
[15:26] {dino} tcon drop
[15:29] {dino} i just read that nemo, i think you say that everytime i have to leave around 3
[15:41] {dino} rely spike
01[15:42] {@Threei} [SRPT] SRPT Streetsweeper making cautious comments
[15:42] {dino} gbx spike
01[15:44] {@Threei} half out
01[15:44] {@Threei} stop to .99
[15:46] {dino} gbx sm s .00
01[15:49] {@Threei} to .04
[15:50] {dino} cov gbx .77, +.23
01[15:52] {@Threei} wtg
01[15:52] {@Threei} ok guys, closing on this
01[15:52] {@Threei} thank you, have a good evening
01[15:52] {@Threei} see you tomorrow
[15:52] {dino} ty,and gn also
[15:52] {drewj} C-Ya
Session Time: Wed May 20 00:00:00 2015
[08:59] {dino} gm
01[09:00] {@Threei} dino, welcome back
[09:00] {dino} ty
[09:01] {drewj} Hey guys...hi dino
[09:02] {dino} gm drew
01[09:03] {@Threei} drew :)
[09:18] {chasj} Good Morning
01[09:18] {@Threei} chas :)
01[09:19] {@Threei} - Greece Parliamentary Speaker: Greece will not pay June IMF repayment if no deal with international lenders is reached by then
01[09:20] {@Threei} - Iran said to rule out opening up military sites to nuclear inspectors
[09:21] {drewj} of course
[09:21] {chasj} And we keep playing into their hands
[09:22] {drewj} until it's too late
01[09:23] {@Threei} because in just a year and a half it will be someone eles's problem
01[09:28] {@Threei} Upside:
01[09:28] {@Threei} -SRPT +46% (announced plans to submit NDA for Eteplirsen following pre-NDA meeting with FDA)
01[09:28] {@Threei} -PBMD +32% (positive data from Phase 2 ovarian cancer clinical trial)
01[09:28] {@Threei} -ISR +29% (Cesium-131 Lung Cancer Treatment Reports 96% Success in Local Control and 100% Survival at 5 Years in High Risk Patients)
01[09:28] {@Threei} -AVEO +19% (presented final results of extension study 902 and FDA regulatory feedback for advancing Tivozanib)
01[09:28] {@Threei} -PBY +15% (said to have received takeover proposals from PE firm Golden Gate Capital)
01[09:28] {@Threei} -DL +15% (earnings)
01[09:28] {@Threei} -AEO +8% (earnings)
01[09:28] {@Threei} -EQIX +6.2% (received favorable REIT private label ruling letter from IRS)
01[09:28] {@Threei} -APO +4.8% (positive broker commentary)
01[09:28] {@Threei} -TWC +3.3% (Altice CEO comments on potential takeover offer)
01[09:28] {@Threei} -UBS +3.3% (DoJ announcing settlement with banks for FX spot manipulation)
01[09:28] {@Threei} -YHOO +2.8% (positive broker commentary offsets concern that Alibaba stake spin-off at risk due to potential increased IRS regulations of spin-offs)
01[09:28] {@Threei} -SYT +2.5% (renewed chatter/hopes MON could still want to make a deal)
01[09:29] {@Threei} Downside:
01[09:29] {@Threei} -ETSY -19% (earnings)
01[09:29] {@Threei} -ACHN -9.3% (negative broker commentary following JNJ deal announcement)
01[09:29] {@Threei} -KEYS -6.6% (earnings)
01[09:29] {@Threei} -LOW -5.6% (earnings)
01[09:29] {@Threei} -LOCO -5.4% (secondary offering chatter)
01[09:29] {@Threei} -XEC -4.8% (secondary offering of 6.M shares)
01[09:29] {@Threei} -NCLH -4% (Norwegian Dawn ran aground in Bermuda)
01[09:30] {@Threei} Short Setup: FB .40 break
01[09:31] {@Threei} If holds .50
01[09:32] {@Threei} stop to .46
01[09:32] {@Threei} 1:1
01[09:32] {@Threei} to .41
01[09:32] {@Threei} 1:2
01[09:33] {@Threei} Long Setup: FCX .30 break
01[09:34] {@Threei} 1:3
01[09:34] {@Threei} 1:4
[09:34] {nemo} Fed minutes today,
01[09:35] {@Threei} out in full
01[09:35] {@Threei} FCX, if holds .25
01[09:36] {@Threei} meh
01[09:38] {@Threei} Long Setup: IWM .65 break
01[09:39] {@Threei} change to .60
01[09:39] {@Threei} If holds .50
01[09:41] {@Threei} no go
[09:42] {drewj} fb
[09:42] {dino} keys sm l .65
01[09:46] {@Threei} Long Setup: IWM .50 break
01[09:46] {@Threei} If holds .40
01[09:48] {@Threei} ugh
[09:50] {nemo} rinse
01[09:51] {@Threei} yeah
[09:56] {nemo} looks like they split fas
01[09:56] {@Threei} Long Setup: FB .60 break
01[09:57] {@Threei} If holds .50
01[10:02] {@Threei} 1:1
01[10:02] {@Threei} finally
[10:08] {dino} momo spike
[10:10] {dino} keys stop .42 -.23
[10:11] {dino} break .50 re-loading
01[10:11] {@Threei} 1:2
[10:15] {dino} gj
01[10:15] {@Threei} ty
01[10:15] {@Threei} difficult reversal today
[10:16] {jfjf64} Hi all
[10:16] {drewj} hey jf
01[10:17] {@Threei} jf :)
[10:18] {jfjf64} All bounce here
01[10:18] {@Threei} 1:3 FB close enough
01[10:18] {@Threei} out
01[10:21] {@Threei} Long Setup: MCD .80 break
01[10:21] {@Threei} If holds .70
[10:21] {dino} keys stopped -.11
01[10:22] {@Threei} Invalidated
01[10:35] {@Threei} Long Setup: DAL 44 break
01[10:35] {@Threei} If holds .90
01[10:38] {@Threei} no go
01[10:46] {@Threei} Short Setup: TWTR .10 break
01[10:46] {@Threei} If holds .20
[10:47] {dino} momo sm s .15
[10:52] {nemo} Fed Minutes Day
[11:00] {dino} momo stop .30 -.15
[11:01] {dino} i'm a bit off today
01[11:02] {@Threei} so am I
[11:03] {jfjf64} Me too
[11:03] {jfjf64} Weird
[11:03] {nemo} Fed Minutes Day...nothing is as it seems
[11:03] {nemo} sheesh haven't even done 20 million spy
01[11:05] {@Threei} die TWTR
01[11:05] {@Threei} lose 37 and crash
[11:08] {drewj} short lvs?
[11:09] {dino} momo rinsed
01[11:09] {@Threei} .60 break LVS...
[11:09] {nemo} guys you're heading into the FED dead zone
01[11:16] {@Threei} TWTR, critical junction
01[11:16] {@Threei} should cut through 37
01[11:16] {@Threei} 1:1
01[11:16] {@Threei} like stone through hot butter
01[11:16] {@Threei} correct idiom, I think
[11:17] {nemo} hot knife through butter
01[11:17] {@Threei} sigh
[11:17] {nemo} sheesh
[11:17] {drewj} LOL
06[11:17] * @Threei withdraws his sense of humor
01[11:18] {@Threei} I had one more comparison for this fdrop, involving drunk sailors and prom dress, but now you will never hear it
[11:22] {dino} you mean drops like a prom dress
01[11:24] {@Threei} well... I like mixed metaphors
01[11:24] {@Threei} so, sailor got added in, just like a stone to hot butter
01[11:25] {@Threei} but my metaphors are too advanced for some it seems {G}
[11:25] {nemo} it's that extra-terrestrial sense of humor of yours
01[11:26] {@Threei} yes... why?
01[11:26] {@Threei} I am a trader and photigrapher by day, alien hunter by night
[11:26] {nemo} it doesn't always resonate with us native speakers
01[11:26] {@Threei} you mean with you earthlings
06[11:38] * @Threei hits TWTR over the head with sailor's prom dress
[11:39] {dino} yuk
06[11:40] * nemo thinks vad needs his meds adjusted
01[11:40] {@Threei} you mean that box of mushroom you mailed me last week wass not a proper medication?
[11:41] {nemo} that was for after work
01[11:42] {@Threei} then I am confused... "work"?
01[11:42] {@Threei} what is this "work" you speak of?
[11:44] {dino} abmd drop
01[11:45] {@Threei} Trading is choppy and volumes are lower again today in US markets. The 10-year UST yield is coming in a few basis points as European bonds sell off on a fresh round of Greece jitters. Traders are awaiting the FOMC minutes, out later this afternoon.
01[11:46] {@Threei} Six global banks - Bank of America, Citicorp, JPMorgan, Barclays, UBS and Royal Bank of Scotland - agreed to pay $5.8 billion and five of them agreed to plead guilty to charges tied to a FX market rigging investigation. UBS was granted immunity for its cooperation in the investigation.
[11:55] {dino} save sm l .50
01[11:58] {@Threei} Long Setup: FB .10 break
01[11:58] {@Threei} If holds 80
01[12:03] {@Threei} 1:1
[12:04] {dino} out save .90, +.40
[12:04] {dino} well, back in the black
01[12:05] {@Threei} :)
[12:05] {dino} going to take a lunch hour
01[12:18] {@Threei} wow
01[12:18] {@Threei} TWTR
01[12:19] {@Threei} Exec speaks on JPM tech conference
01[12:19] {@Threei} must have fainted on the stage to cause this
[12:21] {jfjf64} Lol
[12:22] {jfjf64} Or maybe fly opened and little birdie said. tweet tweet tweet
01[12:23] {@Threei} sheeesh
01[12:23] {@Threei} lol
[12:24] {jfjf64} Never now with this
01[12:25] {@Threei} [TWTR] Exec: Reiterates company has limited visibility on MAU growth - JP Morgan tech conf comments
[12:30] {jfjf64} S lvs.05
[12:52] {nemo} dude, wait for the Fed
[12:52] {nemo} stop trading
[12:54] {nemo} look at lvs on the daily dude
01[12:55] {@Threei} be back in 30
[13:12] {dino} what time fed? 2?
01[13:25] {@Threei} yes
01[13:59] {@Threei} (US) FED MINUTES FROM APRIL 28-29 FOMC MEETING: FEW OFFICIALS THOUGHT DATA MAY JUSTIFY DATA AT JUNE MEETING, DID NOT RULE OUT JUNE INCREASE
01[14:00] {@Threei} Short Setup: TWTR .80 break
01[14:02] {@Threei} Invalidated
01[14:03] {@Threei} Short Setup: FB .40 break
01[14:03] {@Threei} If holds .50
01[14:05] {@Threei} 1:1
01[14:26] {@Threei} Long Setup: WMT .25 break
01[14:26] {@Threei} If holds .15
01[14:34] {@Threei} Invalidated
[14:42] {dino} back in 30
[14:42] {nemo} why bother
01[14:43] {@Threei} Long Setup: WMT .05 break
01[14:59] {@Threei} stop .99
01[15:02] {@Threei} meh
01[15:09] {@Threei} Long Setup: FB .75 break
01[15:09] {@Threei} If holds .65
01[15:14] {@Threei} no go
01[15:18] {@Threei} no news for sudden SPY selloff
01[15:22] {@Threei} Long Setup: MCD 100 break
01[15:23] {@Threei} If holds .90
[15:26] {dino} tcon drop
[15:29] {dino} i just read that nemo, i think you say that everytime i have to leave around 3
[15:41] {dino} rely spike
01[15:42] {@Threei} [SRPT] SRPT Streetsweeper making cautious comments
[15:42] {dino} gbx spike
01[15:44] {@Threei} half out
01[15:44] {@Threei} stop to .99
[15:46] {dino} gbx sm s .00
01[15:49] {@Threei} to .04
[15:50] {dino} cov gbx .77, +.23
01[15:52] {@Threei} wtg
01[15:52] {@Threei} ok guys, closing on this
01[15:52] {@Threei} thank you, have a good evening
01[15:52] {@Threei} see you tomorrow
[15:52] {dino} ty,and gn also
[15:52] {drewj} C-Ya
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