Apr 24 2014

Not overly active day but more so than yesterday. Finishing on a positive side, with last trade being 1:2 on VXX

Session Time: Thu Apr 24 00:00:00 2014

[09:04] {dino} gm

01[09:05] {@Threei}  morning dino

[09:08] {_troub} good morning

01[09:09] {@Threei}  morning troub, welcome

[09:09] {_troub} thank you  looking forward to a fun week.

[09:14] {Phil} good morning/afternoon

01[09:16] {@Threei}  phil :)

01[09:16] {@Threei}  does mirc work?

[09:17] {Phil} yes seems to, thanks for your help

01[09:17] {@Threei}  yw

[09:18] {dino} fti gap filling

[09:18] {dptl} good morning

[09:18] {RonS} hello everyone

01[09:19] {@Threei}  dp, ron :)

[09:19] {dino} .

[09:21] {RonS} China Strips Sina of Publication, Distribution Licenses Over Lewd Content

01[09:22] {@Threei}  6.7 magnitude earthquake off NW Vancouver Island yesterday evening

01[09:24] {@Threei}  Five dead, one wounded as anti-terror operation continues in Slaviansk

01[09:24] {@Threei}  well... ball is in Putin's court

[09:24] {RonS} fcx pop

01[09:24] {@Threei}  and I don't think it's going to stay there for too long

[09:26] {ese} morning

01[09:27] {@Threei}  ese :)

[09:27] {ese} morning vad

[09:27] {dino} ua?

[09:27] {ese} didn't feel that quake last night......did you?

01[09:27] {@Threei}  UA Reports Q1 $0.06 v $0.04e, R$641.6M v $597Me

[09:28] {ese} my wifes realtives said they could feel it in Vancouver

01[09:28] {@Threei}  I didn't

01[09:28] {@Threei}  yeah, more reports from mainland, even though it was to the west of island

01[09:28] {@Threei}  dp must have felt it

[09:29] {ese} felt it!....he probably caused it...fell over after drinking too much

[09:30] {dptl} lol....no.didt feel anything

01[09:30] {@Threei} Long Setup:  C  .40 break

01[09:30] {@Threei}  If holds  .35 

01[09:31] {@Threei}  1:1  

01[09:32] {@Threei}  was very nice of it to return and pick us up

01[09:32] {@Threei}  that's what I call courteous stock

[09:32] {dino} ua smr l .60

01[09:33] {@Threei}  UA Tier 1 Firm reiterates Buy rating, price target $60

01[09:34] {@Threei}  FDA formally releases its proposal extending authority over additional tobacco production including e-cigarettes- Consistent with currently regulated tobacco products, under the proposed rule, makers of newly deemed tobacco products would, among other requirements: --Register with the FDA and report product and ingredient listings; --Only market new tobacco products after FDA review; --Only make direct and implied claims of reduced risk if the FDA confirms that scientific evidence supports the claim and that marketing the product will benefit public health as a whole

01[09:34] {@Threei}  if goes through, that ends small companies selling e-cigarettes

01[09:36] {@Threei} Long Setup:  GLD  123 break

01[09:36] {@Threei}  If holds  .90 

01[09:38] {@Threei}  1:3  

01[09:38] {@Threei}  this train never stopped at 1:1 or 1:2

[09:38] {Phil} wow, what a trade, thanks Vad

01[09:38] {@Threei}  yw

[09:39] {dino} ua stop flat

[09:39] {dino} reload .69

[09:40] {thomcbell} watching cien for a short entry 

[09:44] {RonS} took ua 49.96 out 50.85 +.89  thanks dino

01[09:44] {@Threei}  eeck GLD

[09:44] {dino} yw, gj ron

01[09:44] {@Threei}  nice one guys

[09:47] {dino} reload ua .56

01[09:48] {@Threei}  bounce time very soon, SPY

[09:48] {RonS} cree gonna run the $50 stops

01[09:48] {@Threei}  watching AIG for bounce setup

01[09:49] {@Threei} Long Setup:  AIG  .60 break

01[09:49] {@Threei}  If holds  .50 

01[09:51] {@Threei}  can't believe I was looking at TZA for 16.05 break setup, and decided against it

01[09:51] {@Threei}  idiot

01[09:51] {@Threei}  1:1  AIG 

01[09:52] {@Threei}  that earthquake must have impacted me

[09:53] {dino} cree sm l .93

[09:56] {dino} wow ua

01[10:01] {@Threei} Long Setup:  VXX  .50 break hl

01[10:02] {@Threei}  1:1  

01[10:04] {@Threei}  Russian tanks, APCs, trucks mobilizing 10 kilometers from eastern border

[10:05] {dino} calling obummer's bluff

01[10:05] {@Threei}  look how scenario we outlined plays out, to the letter:

01[10:06] {@Threei}  he original plan for Sloviansk today was to recapture the town from separatists, including all government buildings they had taken over, a senior security official told the Kyiv Post. The operation, however, has been halted for the moment as the government is reformulating the plan based on their latest intelligence from the eastern border, the official said.

[10:06] {dino} i saw in todays paper syria renewed gas attacks on its people

01[10:06] {@Threei}  According to Ukrainian intelligence, the risk of Russian troops crossing the border has increased dramatically, according to a senior security official in the government.

01[10:06] {@Threei}  Russian Defense Minister Sergei Shoigu said on April 24 that the violence stemming from Ukraine's anti-terror operation in eastern Ukraine has prompted Russia to launch military drills in western Russia.

01[10:07] {@Threei}  "If this military machine is not stopped today, it will lead to a large number of dead and wounded," he continued.

01[10:07] {@Threei} Long Setup:  TZA  .80 break

01[10:08] {@Threei}  If holds  .70 

01[10:08] {@Threei}  stop to .74

01[10:08] {@Threei}  to protect from double top

[10:11] {dino} adding ua calls

01[10:11] {@Threei}  meh

01[10:11] {@Threei}  Associated Press: Putin calls the Internet a 'CIA project'

01[10:12] {@Threei}  really

01[10:12] {@Threei}  not Al Gore's?

[10:12] {dino} lol putin drinking early this am?

01[10:14] {@Threei}  The Kremlin has been anxious to exert greater control over the Internet, which opposition activists — barred from national television — have used to promote their ideas and organize protests.

01[10:14] {@Threei}  Russia's parliament this week passed a law requiring social media websites to keep their servers in Russia and save all information about their users for at least half a year. Also, businessmen close to Putin now control Russia's leading social media network, VKontakte.

01[10:14] {@Threei}  Speaking Thursday at a media forum in St. Petersburg, Putin said that the Internet originally was a "CIA project" and "is still developing as such."

[10:14] {nemo} so, he's just jealous

01[10:14] {@Threei} Long Setup:  FCX  .10 break

01[10:15] {@Threei}  If holds  34 

01[10:17] {@Threei}  two-sided

[10:17] {RonS} re-loaded ua 49.45 out 50.45 +1.00 thing is a beaut...

01[10:17] {@Threei} Short Setup: FCX  34 break

01[10:17] {@Threei}  If holds  .10 

[10:17] {dino} ron, having fun w/it here too

01[10:17] {@Threei}  wtg Ron

01[10:18] {@Threei}  found your ATM for the day eh? :)

[10:18] {dino} indeed

01[10:21] {@Threei}  long it is

01[10:22] {@Threei}  1:1  

[10:23] {dino} ua wants s3

01[10:35] {@Threei}  stop for the balancer to .14

01[10:35] {@Threei}  -r

01[10:36] {@Threei}  1:2  

01[10:39] {@Threei}  will try to 1:4

01[10:39] {@Threei}  .40 is good resistance to break and spike... if SPY helps any

[10:41] {nemo} GS never went red on that woosh down this morning

01[10:42] {@Threei}  while we are waiting for FCX, look at my two latest "tulip mania" shots

01[10:42] {@Threei}  https://www.facebook.com/photo.php?fbid=639982482747937&set=a.488848774527976.1073741828.483178015095052&type=1&theater

01[10:43] {@Threei}  https://www.facebook.com/photo.php?fbid=639989449413907&set=a.488848774527976.1073741828.483178015095052&type=1&theater

[10:44] {_troub} beautiful. Your work?

01[10:44] {@Threei}  yes

[10:44] {nemo} yep

[10:44] {Phil} very nice! have you seen that new lytro camera?

01[10:44] {@Threei}  photography, not growing tulips :)

01[10:45] {@Threei}  yeah... not a fan of those lytros

[10:45] {Phil} interesting technology

01[10:47] {@Threei}  picked a rainy day for that photo session, and was rewarded with quite a few shots of tulips with water drops on the petals

01[10:48] {@Threei}  while normal people try to pick up sunny days to visit gardens, lol

[10:48] {Phil} you could try a sunny day and a watering can lol

01[10:49] {@Threei}  I don't know how Butchart Gardens would take on me tending to their flowers :)

01[10:50] {@Threei}  and sun is rarel;y a good partner for garden photography... too much contrast from undiffused light

01[10:58] {@Threei}  closed on a trail

[10:59] {RonS} hot going cold

01[11:00] {@Threei}  I don't know about this one Ron...

01[11:09] {@Threei}  watching IWM for pullback entry

01[11:10] {@Threei}  no pullback

01[11:17] {@Threei} Long Setup:  TZA  .30 break

01[11:17] {@Threei}  If holds  .25 

[11:18] {dino} going up imo

01[11:18] {@Threei}  yup

[11:19] {nemo} pivots between market hour and after hour data very different  spy and iwm just getting to extended hours pivots now

[11:19] {nemo} difference is with spy

01[11:30] {@Threei} Long Setup:  TZA  .25 break

01[11:30] {@Threei}  If holds  .20 

01[11:39] {@Threei}  meh

01[11:43] {@Threei}  rinse?

[11:50] {thomcbell} wow aal

[11:54] {dino} tbell, ty aal took .30 out of it

01[11:55] {@Threei}  it scary to mention something in dino's presence... he will find the way to profit from it

[11:56] {dino} just trying to do my job

[11:57] {thomcbell} bananas

01[11:57] {@Threei}  let's see how you profit from THAT!

01[11:58] {@Threei}  AAL Exec: Q2 RASM forecasted +4-6%; op profit +10-12% - conf call comments

[11:58] {dino} hot drop

[12:00] {dino} hot sm l .91

[12:00] {dino} reden spike

[12:00] {dino} gs sale talk rden

[12:02] {dino} rden smr s .10

[12:04] {dino} rden all over- pulp

01[12:05] {@Threei}  RDEN Reportedly hires advisors to help pursue a possible sale of the company - financial press

[12:06] {dino} hot to flat

[12:07] {dino} rden adj ave s .30

[12:09] {dino} hot stop .98 +.07

01[12:13] {@Threei} Long Setup:  VXX  .25 break

01[12:13] {@Threei}  If holds  .15 

[12:14] {Les} AIG getting ready to run

01[12:15] {@Threei}  unless SPY gives up

01[12:16] {@Threei}  nice setup, bad time

[12:17] {dino} stop rden -.25

[12:18] {dino} reload rden sm s .90

[12:18] {ese} enjoyed watching the goin's on......busy days for me ...cya tomorrow

01[12:18] {@Threei}  take care ese

[12:18] {ese} cya vad

06[12:18] * Les slaps ese around a bit with a large trout

[12:19] {dino} ua spike

[12:22] {dino} ua stop to 51.39

[12:23] {dino} out ua +1.70

[12:23] {dino} calls still riding

01[12:23] {@Threei}  wtg

[12:23] {RonS} gj

[12:24] {dino} cree stop to .49

[12:26] {dino} rden bs to .01

[12:27] {dino} stopped/slipped out .11 -.21

01[12:27] {@Threei}  VXX valid

[12:34] {nemo} the indexes are likely to go up

[12:34] {dino} rden stalling, hl s .90 break trigger

01[12:35] {@Threei}  Facebook Acquires Activity-Tracking App Moves for undisclosed amount

01[12:35] {@Threei}  they didn't track us enough, you see

[12:36] {dino} ua cup forming?

01[12:42] {@Threei}  kind of... lopsided one

01[12:42] {@Threei}  not really noble china, mind you

[12:42] {dino} cree to .63

[12:42] {dino} handle messed up

01[12:46] {@Threei}  die already SPY

01[12:46] {@Threei}  we want panic

01[12:46] {@Threei}  we need panic

01[12:46] {@Threei}  we love panic

[12:47] {nemo} DAX recaptured all its losses and finished in the green

[12:47] {dino} what are yuo seeing to lead to panic? markets seem ok to me

[12:47] {_troub} .

[12:47] {dino} troub (le)

[12:47] {nemo} troub (adour)

[12:49] {dino} dadadadadadaaaaa, got hectic for a few, now dead

[12:50] {dino} question is, can ua get to flat?

[12:51] {dino} looking at s2

[12:51] {_troub} dino, nemo being new have to ask what is (ie) & (adour)?

[12:51] {dino} (LE) for trouble

[12:52] {dino} rden, wtf, drop already

[12:53] {_troub} dumb me of course, and it is trouble.

[12:53] {dptl} are you in vxx Vad?

[12:53] {dino} roflol, you'll fit in just fine

01[12:54] {@Threei}  yes

[12:54] {nemo} yeah, I was being positive and constructive, go figure

[12:54] {nemo} I guess I should pour boiling water on my hand more often

[12:55] {nemo} on second thought...

[12:56] {nemo} I wouldn't doubt UA closing the gap

[12:56] {dino} rden not cooperating, bs to .16

[12:58] {dino} giddy-up ua

[12:58] {dino} theres s2

[12:58] {nemo} having said that, this latest high in UA on decreasing momentum

[12:59] {dino} yes and no, more than the calm but less than 12:30 spike

[13:02] {dino} damn nemo, perhaps you were onto somethng there

01[13:03] {@Threei}  Reuters: France, Germany show EU support for Georgia as Ukraine crisis mounts

01[13:03] {@Threei}  this makes total sense to me

[13:03] {dino} for georgia?

01[13:03] {@Threei}  during crisis in Georgia they showed support for Ukraine

01[13:04] {@Threei}  and vica versa

01[13:04] {@Threei}  this way you always show your support for someone and never have to do anything

[13:04] {dino} lol

[13:05] {dino} obummers' whisper during re-election coming back to haunt him (we'll get rid of those missles after the election to putin)

[13:11] {dino} crr crazy

[13:16] {dino} rden stop -.26, done w/it

[13:20] {thomcbell} lvs cup and handle ish looking 

[13:20] {thomcbell} report tonight 

[13:20] {thomcbell} looks too wide 

01[13:21] {@Threei}  GOOG Google+ (social network) chief Vic Gundotra reportedly leaving the company

01[13:21] {@Threei}  because of G+ thunderous success I assume

[13:22] {cosmo} missils aren't the problem dino ... its the meteorites

[13:23] {cosmo} the astroids

01[13:23] {@Threei}  controlled from Titan?

01[13:23] {@Threei}  and loaded with cryptonite?

[13:24] {cosmo} i wasn't sure...thanks

01[13:24] {@Threei}  sure thing... I monitor those

[13:24] {dino} oh

[13:24] {cosmo} dash cam?

01[13:25] {@Threei}  with brief interruptions during remission... my doc says I can't take over galactic while in remission

[13:26] {cosmo} i c

01[13:28] {@Threei}  so, if someone's doc is not that strict, feel free to take over me for a while, so our expansion toward Alpha Centaurs never stops?

[13:29] {cosmo} sorry...my doc is very strict

[13:34] {RonS} coup overthrown

[13:35] {Phil} potential short on FB setting up?

[13:36] {dino} all dayer, out cree .63, +

[13:36] {dino} .70

[13:36] {RonS} gj

[13:36] {dino} ty

01[13:39] {@Threei}  grrr... sorry phil, missed your question

01[13:39] {@Threei}  that was a good setup

[13:39] {dptl} watching btu for long

01[13:40] {@Threei}  .75 break

[13:40] {Phil} no worries, just pleased I spotted one

01[13:40] {@Threei}  perfect spot

01[13:40] {@Threei}  inverted C&H

01[13:41] {@Threei}  VXX, you are irritating

[13:52] {dptl} watching hal fol long set up....60 break

[13:55] {dptl} or .50 short

[13:58] {Les} awesome c&h vxx 15 min chart

01[14:00] {@Threei}  which is what I tried to trade

01[14:01] {@Threei}  but yesterday's eartquake is probably still impacting whatever goes for brain in my skull

[14:05] {dino} high beta getting killed again, now, dfata, panw, dwre, etc

01[14:06] {@Threei}  this meme is getting old in a hurry, so I hope I'll show it last time... https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash3/t1.0-9/10256512_10152324127137808_2590800457645641951_n.jpg

[14:07] {Phil} lol

01[14:08] {@Threei}  that's Victoria for you... our city stops if we have half inch of snow on the ground :)

[14:08] {dino} directionless

[14:08] {dptl} yhoo .15 break short

[14:08] {nathan} hi gents

01[14:08] {@Threei}  hey nathan

[14:11] {dptl} in yhoo

[14:11] {dptl} stop .26

[14:15] {dino} fb hl l .15

01[14:15] {@Threei}  had alert prepared for 61 break, dino :)

01[14:15] {@Threei}  happened so fast that I didn't even bother to send it

[14:16] {dino} was watching it there too, phone rang, distracted

[14:16] {dino} good reports are getting killed

[14:27] {dptl} mu  .08 break short

[14:28] {nathan} very nice FB dino!!!

[14:29] {nathan} Vad you should include it in the manual

[14:30] {nathan} :-)

[14:31] {dino} ty

[14:37] {dptl} stoped yhoo

[14:39] {dptl} stopped mu

[14:39] {_troub} Vad, have time for a question on entry, exit?

01[14:40] {@Threei}  sure

[14:41] {_troub} thanks, to you and all.  do you usually use last price or ask and bid to enter/exit?  And use limit or stop limit to enter?

[14:42] {_troub} Mkt to exit?

01[14:42] {@Threei}  trigger in our setups is a break of a certain level,

01[14:42] {@Threei}  so when a call is "}10 break" entry signal is offer lifting to .11, and prints going off at .11

01[14:42] {@Threei}  That constitutes a break.

01[14:43] {@Threei}  Entry order is limit, a cent or two above the trigger

01[14:43] {@Threei}  so you give some room but not "get me in at any price"

[14:43] {dino} never market

[14:43] {nathan} never

01[14:44] {@Threei}  So, a call "break of .10" would result in limit order to buy at .12, submitted at the moment when offer moves to ,11 and print occures at that price.

01[14:45] {@Threei}  Such order will swipe everything there is at .11 and .12, but won't get you an uncotrollable higher price

01[14:45] {@Threei}  and will turn into a bid which might still get filled

01[14:45] {@Threei}  Exit, I prefer to lay it out in advance

01[14:46] {@Threei}  for ionstance , half sell at .20

01[14:46] {@Threei}  so if they take me out, I get ECN rebate

01[14:46] {@Threei}  which cuts down trading cost significantly

01[14:48] {@Threei}  does it answer your question?

[14:49] {_troub} yes it answers fully.  

01[14:49] {@Threei}  :)

[14:49] {_troub} appreciate it

[14:54] {Les} VXX interesting. a little late here

[14:54] {Les} if IWM let's go of this support level

01[15:01] {@Threei}  Margarita Simonyan, the chief editor of Russia Today, the Kremlin's flagship English language news organization, tweeted "Ukraine. R.I.P." early in the morning on April 24

[15:04] {dino} out fb .58, +.43

01[15:04] {@Threei}  bitter laughter:

01[15:04] {@Threei}  Ukraine gives Russia 48 hours to explain exercises

01[15:05] {@Threei}  Russia: oh, you will get your answer faster than that...

[15:08] {Les} AIG .50 short?

01[15:08] {@Threei}  if holds .55

01[15:08] {@Threei}  yeah

[15:08] {Les} maybe another leg up

[15:08] {Les} 2 way

01[15:14] {@Threei} Long Setup:  VXX  .35 break

01[15:15] {@Threei}  If holds  .25 

01[15:19] {@Threei}  ok market, where is out panic

01[15:19] {@Threei}  our

01[15:20] {@Threei}  lose that .80, SPY

01[15:20] {@Threei}  and crash

[15:20] {Les} kill em all, let Yellen sort em out

01[15:21] {@Threei}  trail to .29

01[15:23] {@Threei}  SPY, do you realize that war is breaking out overnight?

[15:25] {nathan} good night gents

[15:25] {nathan} see u tomorrow

01[15:25] {@Threei}  take care nathan

[15:25] {Les} huh? what about war?

01[15:25] {@Threei}  well, war maybe too stron word for what is about to happen

01[15:26] {@Threei}  amputation is probably better one

[15:26] {Les} russia bout to make its move?

01[15:26] {@Threei}  I believe so

01[15:26] {@Threei}  all the pieces fell in place

[15:29] {dptl} see ya tomorrow all

[15:29] {Les} bye dp

01[15:29] {@Threei}  take care dp

01[15:30] {@Threei}  gosh SPY...

01[15:30] {@Threei}  will you ever drop that .80?

01[15:30] {@Threei}  VXX is getting tired of drumming its fingers on the desk

[15:31] {Les} me too :)

01[15:31] {@Threei}  and humming "give me panic or give me death"

01[15:32] {@Threei}  1:1  

01[15:32] {@Threei}  finally

01[15:32] {@Threei}  you better watch sky over your head Les... Russian military planes violated Dutch airspace yesterday

01[15:33] {@Threei}  not too far to your neck of the woods from there

[15:33] {Les} the old bears and badgers. would like to see one

[15:33] {Les} Remember being close to airport when B-52's took off for local aussie exercise.

[15:33] {Les} my god the ground shook

[15:34] {Les} cold war relics

01[15:34] {@Threei}  yeah, those are huge beasts

[15:35] {Les} dangerous games these fools play, but love the machines those engineers created

[15:37] {Les} cutting vxx here. ty a+

01[15:38] {@Threei}  yw'

[15:40] {goinshort} took 1:1 on VXX - thanks V!

01[15:41] {@Threei}  :)

[15:42] {goinshort} cya !

[15:43] {_troub}  have to leave.  Thanks for $ and the lessons.  Looking forward to tomorrow

01[15:44] {@Threei}  take care triub, see you tomorrow

01[15:44] {@Threei}  troub

01[15:44] {@Threei}  ok VXX

01[15:44] {@Threei}  give us last spike

[15:44] {dino} cya troub

01[15:49] {@Threei}  1:2  

01[15:49] {@Threei}  finally this thing works

[15:49] {dino} gj

01[15:49] {@Threei}  ty

[15:49] {Phil} nice:)

01[15:51] {@Threei}  OK guys, closed it

01[15:51] {@Threei}  have a great evening, see ypoui tomorrow

Apr 23 2014

Very narrow and inactive day. Among a few scalps and couple small stops, 1:4 on AIG long pretty much made the day.

[15:41] {dino} ty, gn 

[15:49] {dino} out mdso may calls, +.60 or 34%

[15:49] {dino} sweet way to start after vacation

[15:54] {dino} gn all, thx for ideas

Session Time: Wed Apr 23 00:00:00 2014

[08:58] {dptl} good morning

01[08:59] {@Threei}  dp :)

[09:05] {dino} gm

01[09:05] {@Threei}  dino :)

[09:06] {RonS} gm...hope ese didn't get plug'ed...tried to warn him

01[09:06] {@Threei}  ron :)

01[09:07] {@Threei}  PLUG Files to offer 15M shares of stock (10.4% of shares outstanding)

01[09:07] {@Threei}  same story, zillionth time...

[09:08] {RonS} ya, get the little guys involved...and kill them

[09:08] {Phil} Hi all

01[09:09] {@Threei}  hi Phil, welcome

01[09:09] {@Threei}  some headlines... look at this:

[09:09] {Phil} thanks, glad to be here

01[09:09] {@Threei}  Agence France-Presse: Ukraine rebels brace for new assault as US troops head to region

01[09:09] {@Threei}  from this, you'd think US troops are coming to help

01[09:10] {@Threei}  in reality, it's 600, and deplyed in other countries thousands miles away

[09:11] {dino} welcome to our jungle phil

[09:12] {nemo} asylum

[09:12] {dino} good series asylum on american horror story

[09:15] {RonS} Russia cancels over half a billion dollars in bond sales due to lack of bids: http://bloom.bg/1f5v0t2

01[09:16] {@Threei}  huh? but I thought Angola supported Russia. Why won't they buy their bonds?

[09:18] {dino} no, that was nigeria

[09:18] {dino} the prince is buying

[09:19] {nemo} spy volume very low

01[09:19] {@Threei}  https://www.kyivpost.com/content/ukraine/russian-position-on-ukraine-backed-by-angola-342544.html

01[09:19] {@Threei}  :)

01[09:25] {@Threei}  low activity pre-market often results in a slight pullback at the open, then floating up

01[09:25] {@Threei}  let's take it as a working scenario for now

[09:29] {nemo} dal looks short

01[09:29] {@Threei}  FB swan dive

01[09:31] {@Threei} Long Setup:  C  48 break

01[09:31] {@Threei}  If holds  .90 

01[09:33] {@Threei}  1:1  

[09:36] {dino} vmw gap fill feb

01[09:36] {@Threei}  FB FTC approves acquisition of Occulus VR

01[09:36] {@Threei}  wow DAL

[09:39] {dino} cree blood

01[09:42] {@Threei} Long Setup:  YHOO  .70 break

01[09:42] {@Threei}  If holds  .60 

01[09:44] {@Threei}  nah

[09:44] {Les} SPY

01[09:44] {@Threei}  *(US) APR PRELIMINARY MARKIT MANUFACTURING PMI: 55.4 V 56.0E

01[09:46] {@Threei} Long Setup:  AIG  .10 break

01[09:46] {@Threei}  If holds  51 

01[09:56] {@Threei}  gosh AIG... move your butt already

[09:57] {Les} that's it, harsh language

[09:57] {Les} indexes respecting vwap for the moment

01[09:58] {@Threei}  VWAP: they better. I accept no disrespect

01[09:59] {@Threei}  1:1  

[09:59] {Les} aah older brother of nemo I name thee

[09:59] {Les} scalped and out

[09:59] {Les} ty

01[09:59] {@Threei}  *(US) MAR NEW HOME SALES: 384K V 450KE

01[09:59] {@Threei}  yw

01[10:00] {@Threei}  is it still weather? or there is some new excuse in the air?

[10:05] {Les} what's wrong with the weather?

[10:05] {Les} bloody nice here

01[10:05] {@Threei}  for a few months, any bad number was explained away by weather

[10:05] {dino} vmw smr l .47 gappy

[10:05] {Les} tomatoes are going in today

01[10:07] {@Threei} Short Setup: WMT  78 break

01[10:07] {@Threei}  .c .08

01[10:07] {@Threei}  If holds  .08 

01[10:08] {@Threei}  Invalidated  

[10:09] {dino} adding cree calls

01[10:10] {@Threei}  DAL Look forward to updating plans on returning capital to shareholders and the 5-year operational plan in early May - conf call

01[10:11] {@Threei}  ok AIG, go to 1:4 and make out morning

01[10:12] {@Threei}  1:2  

01[10:17] {@Threei}  Brussels calls on Ukraine to refrain from using force while protecting territorial integrity

01[10:17] {@Threei}  I call on Brussels to refrain from breaking eggs while making an omelet

01[10:18] {@Threei}  stop .24 AIG

01[10:18] {@Threei}  briefly touched 1:3

[10:18] {dino} how they hell can you protect w/o force?

[10:18] {dino} they are giving russia ukraine

01[10:18] {@Threei}  Brussels will show how it's done by making that omelet I assume...

[10:19] {dino} egg beaters?

[10:19] {Les} Chamberlain showed how it was done. look to history

[10:19] {dino} looking familiar

01[10:20] {@Threei}  1:3  

[10:20] {dino} gj

01[10:20] {@Threei}  ty, want 1:4

01[10:21] {@Threei}  I am pretty sure Ukraine will be broken down by a few pieces before presidential election takes place

[10:22] {dino} i wonder if brussels would refrain from using force to protect itself

01[10:23] {@Threei}  their usual blah blah

01[10:23] {@Threei}  Ukraine is damned if they do and damned if they don't...

01[10:24] {@Threei}  no force means separatists bite off new and new towns and territories

01[10:24] {@Threei}  force means an excuse for Russia to send troops in

[10:24] {RonS} wow...this looks cool...Four Seasons new branded jets offer in-flight chefs and a concierge for its 52 passengers http://bloom.bg/Ptb8Ea  pic.twitter.com/M53CVDKz6N

[10:25] {dino} what, no dancers?

01[10:25] {@Threei}  $119,000 per person for double occupancy and $130,000 to travel solo.

[10:26] {Phil} not sure what use a concierge would be at 35000 feet? maybe "can you get me another double vodka"

01[10:26] {@Threei}  DAL should do that

01[10:27] {@Threei}  well, with in-flight chefs they might be able to add cranberry juice to that vodka...

[10:28] {dino} out vmw 96.17, +1.70

[10:28] {RonS} gj

01[10:28] {@Threei}  wtg

[10:28] {dino} ty

[10:29] {Les} like CREE here

[10:29] {dino} in calls

[10:29] {RonS} indian lover?

[10:30] {Les} resistance stillholding yeh saw that

[10:30] {dino} having trouble around 52.60s

01[10:30] {@Threei} Short Setup: GLD  .55 break

[10:30] {Les} vwap + 34ema strong 

01[10:31] {@Threei}  lol ron

[10:31] {Les} woha

01[10:32] {@Threei}  1:1  

01[10:46] {@Threei}  AIG 1:4 close enough

01[10:46] {@Threei}  out

[10:46] {Les} nice

[10:46] {Phil} nice trade

01[10:46] {@Threei}  so far working assumption works

01[10:47] {@Threei}  (I guess that's why they call it working)

[10:47] {Les} btfd?

01[10:47] {@Threei}  pullback, then slow climb back up

[10:47] {Les} tell that to GLD. stomp on it

01[10:47] {@Threei}  [09:25] {@Threei} low activity pre-market often results in a slight pullback at the open, then floating up

01[10:47] {@Threei}  [09:25] {@Threei} let's take it as a working scenario for now

[10:51] {thomcbell} aal on watch for a long here 

[10:53] {dino} wow, sold vmw way too soon

[10:59] {Les} trying a little cree .95

[10:59] {Les} stop under .80

[11:09] {dino} prta spike

[11:09] {dino} um smr l .78

[11:10] {dino} yum

[11:13] {dino} stop is lod

[11:15] {Les} 2nd go CREE

[11:15] {Les} .76

[11:15] {nemo} short, or long?

[11:15] {Les} long

[11:15] {Les} you insulting my already limited intelligence

[11:15] {dino} typical cree, earnings decent, drops hard. in 3 days it will be above todays high

01[11:16] {@Threei}  I see no any discernable setup there

01[11:16] {@Threei}  and spread is horrible

01[11:16] {@Threei}  are you just throwing darts Les?

[11:16] {Les} yeh like options

[11:18] {dino} theres your trigger les, higher/high

[11:18] {Les} trade is paid for

[11:18] {dino} higher/low

[11:18] {Les} half out

[11:18] {Les} yeh bit early on the trigger

[11:18] {Les} my wife been telling me that for years

[11:18] {nemo} how did you have kids then

[11:18] {Les} big guns compensate

[11:19] {Phil} lol

[11:19] {nemo} not without putting the ammunition in the right place

[11:19] {Les} ;)

[11:19] {dino} lol

[11:19] {Les} now now family site this is

[11:21] {Les} no vad key reversal points with indicator help. should have let .75 be tested instead of buying the spike like a chump

[11:21] {Les} VWAP or bust now

[11:22] {nemo} fas with a tight stop long here worth it

[11:22] {nemo} stop under .85

[11:22] {nemo} bastids

[11:23] {Les} pivot...

[11:23] {nemo} so much for never shorting a dull market

[11:23] {dino} yum air pockets, wtf, had .20 now down .20

[11:23] {nemo} no range, no volume today, easy to push in either direction

01[11:23] {@Threei}  SODA Hearing recent strength attributed to Israel press speculation that SBUX could take a 10% stake in the company valuing the company in excess of $1.1B

[11:24] {thomcbell} hd 79.30 short break if holding 79.40

[11:25] {dino} vmw smr l .30 wide

01[11:26] {@Threei}  crap... was looking at EBAY short at 55, for some reason decided it wasn't the right trade

[11:28] {dino} lamr spike

[11:28] {dino} irm spike

[11:28] {dino} eqix spike

[11:29] {thomcbell} hd cancel

01[11:29] {@Threei}  LAMR Confirms Receipt of IRS Private Letter RulingProvides 2014 Guidance

[11:30] {dino} lamr hl s .99

[11:32] {dino} out vmw .70, +.40

[11:32] {dino} cov lamr .69, +.30

[11:33] {RonS} here it comes...FM Lavrov: “Russian citizens being attacked is an attack against the Russian Federation” http://bloom.bg/1jAUGtt  pic.twitter.com/R57xD4sMDX

01[11:33] {@Threei}  scenario plays out to the t

[11:33] {RonS} a++

[11:33] {dino} thought they were ukrainians speaking russian

01[11:36] {@Threei}  that's new nationality, dino... Chameleonis RusUkr, they call it

[11:36] {RonS} father-in-law called me a half-breed...russian hands and roman fingers...

[11:36] {dino} lol

[11:38] {dino} vad, i am reading "bllodlands, europe between hitler & stalin", very interesting, especially w/this ukrainian situation today

[11:38] {dino} bloodlands

01[11:38] {@Threei}  haven't read that particular one, but I believe I know the story well

01[11:40] {@Threei}  can you believe how it all plays out once again?

[11:40] {dino} very similar. the occupation reasons are the same

01[11:40] {@Threei}  doubtlessly, history teaches us nothing

01[11:41] {@Threei}  read somewhere a week or two ago comparison between patriotic speeches by Hitler back then and Putin these days... it's beyond chilling

01[11:42] {@Threei}  "Our nation is rising from its knees"

[11:42] {dino} wait for the forced deportations

01[11:42] {@Threei} Long Setup:  EBAY  .80 break

01[11:42] {@Threei}  If holds  .70 

[11:55] {dptl} double sided?

01[11:57] {@Threei}  looks like, yes

01[12:03] {@Threei} Long Setup:  WMT  .10 break

01[12:03] {@Threei}  If holds  78 

[12:11] {dino} yum rinsed

01[12:16] {@Threei}  "pause" day so far... very slow and narrow

01[12:17] {@Threei}  I guess market does it for Phil, to let him adapt on his first day :)

01[12:18] {@Threei}  Russian beauties are hoping to connect with you TODAY. A man like you wants the best in life. Discover it at AnastasiaDate where you?? find the most remarkable collection of ravishing women anywhere.

01[12:18] {@Threei}  ravishing eh

01[12:18] {@Threei}  dp, want me to forward you this e-mail?

[12:19] {dptl} lol...its ok :) i have some numbers

01[12:19] {@Threei}  OK... deleting then

01[12:19] {@Threei}  just make sure those are not your bank account numbers

01[12:19] {@Threei}  those ravishing women, you know...

[12:20] {dptl} yeah....

[12:23] {Phil} sorry been trying to sort MIRC, did you get some spam from me?

01[12:23] {@Threei}  unless you run russian dating agency, no

[12:24] {Phil} only on weekends

01[12:24] {@Threei}  let's trail WMT to .04

01[12:24] {@Threei}  and EBAY to .76

[12:33] {nemo} late August trading

01[12:33] {@Threei}  .15 break may take us to .16

01[12:33] {@Threei}  which if we are very lucky will be followed by .17

01[12:36] {@Threei}  closed EBAY

01[12:43] {@Threei}  ok WMT, it's time

01[12:45] {@Threei}  stubborn EDGX seller

01[12:47] {@Threei}  finally

01[12:47] {@Threei}  1:1  

01[12:48] {@Threei}  half out, stop to .09

[12:49] {dptl} watching low for .55 break short

01[12:53] {@Threei}  (RU) US NATO ambassador Confirms earlier press report that NATO jets chased off Russia military surveillance planes that violated Dutch airspace.

[13:12] {dino} arhm sm l .65

[13:15] {dino} opps armh

[13:41] {dino} vmw smr l .40

[13:41] {mib_ss76vq} hello

[13:41] {mib_ss76vq} hello hello

01[13:41] {@Threei}  ?

[13:42] {mib_ss76vq} whats up

[13:42] {dino} slow afternoon

01[13:42] {@Threei}  see private message

[13:42] {nathan} hi gents

01[13:42] {@Threei}  hey nathan

[13:43] {dino} hey nat

[13:43] {nathan} what's up dino?

01[13:43] {@Threei}  mib_ss76vq, see private message

[13:43] {dino} bored

[13:43] {nathan} yep

[13:43] {nathan} so slow

01[13:44] {@Threei}  nathan... I tired to entertain them with 1:4 on AIG... but they are still bored

[13:44] {nathan} lol

01[13:44] {@Threei}  some are never happy {G}

[13:44] {nathan} :-)

01[13:47] {@Threei} Long Setup:  TZA  .30 break

01[13:47] {@Threei}  If holds  .20 

01[13:48] {@Threei}  watch VXX for possible pullback entry, around .10

[13:49] {dino} achc drop

[13:49] {thomcbell} wow that thing is ugly 

01[13:50] {@Threei}  {that thing} I want second opinion

[13:51] {nathan} oh shit BK

[13:52] {dino} bk spike

[13:52] {nathan} kick me out

[13:52] {nathan} i was in  :-(

[13:52] {nathan} in the wrong direction

[13:52] {RonS} $BK working w/ GS for apparent unit sale

[13:52] {dino} s bk .46

01[13:53] {@Threei}  nathan... why were you in??

[13:54] {nathan} there were some kind of double botton

01[13:54] {@Threei}  but you were short

[13:54] {nathan} double top

[13:54] {nathan} i sorry

01[13:55] {@Threei}  I don't see it

01[13:55] {@Threei}  or any other short setup

01[13:55] {@Threei}  didn't we agree that trading on "I think" is a no-no?

[13:56] {nathan} true, but there were some kind of double top: -cog at 15 min graph, 2 max a 1min graph

01[13:57] {@Threei}  setup has to be strictly defined

01[13:57] {@Threei}  what serves as a trigger, what serves as a stop, what serves as an invalidation

[13:59] {dino} armh stop -.30

01[14:05] {@Threei} Long Setup:  VXX  .10 break

01[14:05] {@Threei}  If holds  41 

01[14:15] {@Threei}  half out vxx

01[14:15] {@Threei}  half out TZ\A

01[14:15] {@Threei}  TZA

01[14:17] {@Threei}  today feels different into eod, panic is likely

01[14:17] {@Threei}  and you know how I love panic

[14:17] {Phil} Vad, am I right seeing a C&H on C?

01[14:18] {@Threei}  yup

01[14:18] {@Threei}  not sure it's wprth a trade but chart confguration is there'

01[14:18] {@Threei}  1:1  VXX 

[14:18] {Phil} OK thanks, just trying to train my eye still

[14:28] {dino} cov bk +.05 won't move

[14:28] {nemo} what is moving?

[14:28] {dino} lol, good point

01[14:49] {@Threei}  ok TZA

01[14:49] {@Threei}  make our evening

[14:55] {thomcbell} swks very impressive

[14:56] {dino} cramer pushing it

01[15:07] {@Threei}  ok, where is my panic?

[15:09] {dino} not here, going green

01[15:09] {@Threei}  :(

[15:10] {dino} they want 7 up in row

01[15:11] {@Threei}  even if market manageds to contain the loss to what it is right now, it's a success for bulls

01[15:11] {@Threei}  breather before resuming uptrend

[15:13] {dino} out vmw .20, +.80

01[15:13] {@Threei}  not too shabby

[15:14] {dino} ty, took about 2 hours, but what the hell

01[15:16] {@Threei}  I don't know... there is a rule somwehere that if it took more than an hour to make profit, you have to transfer half to charity named "SEC"

[15:16] {dino} just my luck

[15:25] {nemo} finnies have been strong all day

01[15:31] {@Threei}  that C&H worked on C, Phil

01[15:34] {@Threei} Long Setup:  JPM  .05 break

01[15:34] {@Threei}  If holds  56 

01[15:34] {@Threei}  finishing scalp with very small risk

[15:39] {Phil} yes, hopefully will help me build confidence

01[15:43] {@Threei}  meh

[15:49] {nemo} $.62 range on the spy today, sheesh

01[15:50] {@Threei}  yeah, narow

01[15:52] {@Threei}  okay guys, thank you all

01[15:53] {@Threei}  have a good evening, see you tomorrow

[15:53] {dino} same here, gn all

[15:53] {Phil} thanks, see you tomorrow

[15:53] {dptl} see ya tomorrow all

Apr 22 2014

Made some corrections to yesterday's strategy by cutting trades during afternoon inactivity. Result is eight winning trades ranging from scalps to 1:3, making it a "can't lose" day.

Session Time: Tue Apr 22 00:00:00 2014
[09:02] {RonS} gm, cosmo...been watching your big brother's show on tv...
01[09:02] {@Threei}  ron :)
01[09:02] {@Threei}  Kramer?
[09:03] {RonS} Cosmos
01[09:04] {@Threei}  ok... 3 brothers then
[09:05] {RonS} maybe 4, the oldest might be Cosmost...
01[09:05] {@Threei}  lol
[09:09] {RonS} always cracked me up that George Foreman named his four boys George...
01[09:09] {@Threei}  easier to remember.,..
[09:10] {RonS} understood it though since my Dad, got into this habit of naming every other three brothers before calling us by our name...
01[09:11] {@Threei}  with each next year, I can see better and better how that happens :)
01[09:19] {@Threei}  dino can't stop golfing?
[09:26] {ese} morning
01[09:26] {@Threei}  ese :)
[09:27] {nemo} spy volume low
01[09:28] {@Threei}  overall, not much drive in the market either way
01[09:29] {@Threei}  slowly floating up, cautious and ready to retreat on a moment notice
[09:29] {nemo} no retreat...Europe gonna' unleash the QE spigots
01[09:31] {@Threei} Long Setup:  C  .95 break
01[09:31] {@Threei}  If holds  .85
01[09:33] {@Threei} Short Setup: FB  .70 break hl
01[09:34] {@Threei}  1:1
01[09:34] {@Threei}  too fast for entry
01[09:34] {@Threei}  1:1  C
01[09:37] {@Threei}  FB is quite detremined this morning
01[09:38] {@Threei} Short Setup: FB  .90 break hl
01[09:39] {@Threei}  If holds  63
01[09:39] {@Threei}  valid
01[09:41] {@Threei}  half out
01[09:41] {@Threei}  .83
01[09:41] {@Threei}  stop .96
01[09:41] {@Threei}  1:1
01[09:42] {@Threei}  1:2
01[09:43] {@Threei}  1:3
01[09:43] {@Threei}  done
01[09:45] {@Threei} Long Setup:  FB  .60 break hl
01[09:45] {@Threei}  If holds  .50
01[09:46] {@Threei}  1:1
01[09:48] {@Threei} Short Setup: GLD  .05 break
01[09:48] {@Threei}  If holds  .15
01[09:51] {@Threei}  disregard, stays in a narrow range too long
01[09:52] {@Threei} Long Setup:  DAL  .75 break
01[09:52] {@Threei}  If holds  .65
01[09:53] {@Threei}  stop to .69
01[09:53] {@Threei}  touched 1:1, no fill
[09:54] {dino} gm
01[09:54] {@Threei}  hey dino
01[09:54] {@Threei}  1:1
01[09:54] {@Threei}  done golfing?
[09:55] {dino} yea, back to work for couple months
01[09:55] {@Threei}  right... as we know, golf is very stressful
01[09:56] {@Threei}  1:2
01[09:57] {@Threei}  your cortisol levels shoot up so much, you better stock up on Rhodiola
01[09:58] {@Threei}  *(US) APR RICHMOND FED MANUFACTURING: +7 V +2E
01[09:59] {@Threei}  *(US) MAR EXISTING HOME SALES: 4.59M V 4.56ME
01[10:00] {@Threei}  huh... GLD triggered after all
01[10:03] {@Threei} Long Setup:  FB  .70 break hl
01[10:03] {@Threei}  If holds  .60
01[10:05] {@Threei}  let's trail to .64... a bit too much resistance
01[10:05] {@Threei}  out
01[10:11] {@Threei} Short Setup: DAL  .90 break
01[10:11] {@Threei}  If holds  35
06[10:13] * @Threei slaps Les around a bit with a large alarm clock
01[10:14] {@Threei}  missed 4 wins...
[10:15] {Les} night shifts a bitch
01[10:16] {@Threei}  that's OK... we all have our demons to fight. Ask dino, he is being tortured by golf demon
01[10:17] {@Threei}  1:1  DAL
[10:17] {Les} huh it's a hard luck life
01[10:17] {@Threei}  that was for you personally... but I am not doing one pesonal for dp when he wakes up
[10:18] {Les} sorry, outside smelling the flowers. another one pleasee
[10:19] {Les} short the spy .84
06[10:19] * @Threei weighs a police baton in one hand and 2x4 in another
[10:20] {__pricetime} was that .90 break a simple Price Action play? thanks
01[10:20] {@Threei}  rather setup based on chart pattern
01[10:21] {@Threei}  which is actually price action, yes... but presented in a visual form easy to identify
[10:21] {__pricetime} aha yes ty
01[10:21] {@Threei}  sure thing
01[10:22] {@Threei}  frikin GLD got away
01[10:22] {@Threei}  1:3 since original trigger
01[10:23] {@Threei} Long Setup:  GM  .30 break
01[10:23] {@Threei}  If holds  .25
01[10:23] {@Threei}  just a scalp most likely
[10:26] {Les} SPY cutflat
[10:27] {nemo} low volume no selling pressure anywhere
[10:27] {Les} taking too long
[10:27] {Les} what won't go donw
01[10:27] {@Threei}  action slows down early this week
01[10:28] {@Threei}  yesterday we lost all the drive in the market about 11
01[10:28] {@Threei}  stayed locked in a narrow range into close
[10:28] {dino} mdso sm l .70
01[10:28] {@Threei}  so taking only low risk plays now, like GM
01[10:29] {@Threei}  FB worked like charm earlier
01[10:29] {@Threei}  and DAL on a long side
01[10:29] {@Threei}  and again... can't believe we canceled planned entry on GLD short
01[10:29] {@Threei}  look at this slimy bastard
01[10:30] {@Threei}  124.05 short was the idea
[10:31] {Les} typed in GME by error. Nice setup
[10:32] {dino} mdso stop is brl lod
[10:32] {dino} brk
[10:34] {dino} mdso stop -.22
[10:36] {dino}  lxk sm l .60 stop lod break
01[10:37] {@Threei}  half out GM
01[10:38] {@Threei}  stop to .29
[10:39] {Les} VXX smack into vwap resistance
01[10:42] {@Threei}  here he comes
[10:42] {dptl} good morning
06[10:43] * @Threei slaps dptl around a bit with a huge alarm clock
[10:43] {dptl} lol...no just was busy...just got back
01[10:43] {@Threei}  missed 6 winning plays, and no, I am not calling another one specifically for you
[10:44] {dptl} 6? wow
01[10:44] {@Threei}  1:3, 2 1:2s...
[10:44] {dino} scanners barely moving
[10:44] {dptl} nice :)
01[10:45] {@Threei}  US backs Ukraine, warns Russia with Biden visit
01[10:46] {@Threei}  Russia: oh yeah, we are so scared of Biden
[10:46] {dino} and his joker smile
01[10:46] {@Threei}  Biden: US to support civil society in Ukraine
01[10:47] {@Threei}  Ukraine: we have one? wow
01[10:47] {@Threei}  who let this clown out?
[10:48] {__pricetime} amazing Vad, добро жилаю. Have a great day all
01[10:48] {@Threei}  thank you
[10:51] {Les} cyrilic script... cool
[10:54] {dino} dds spike
[10:56] {dino} dds smr s .11 wide
[10:59] {ese} gotta go...too much school stuff on the go....cya tomorrow
01[10:59] {@Threei}  take care ese
[11:00] {dino} dds stop and reload smr s .33
01[11:04] {@Threei} Long Setup:  AIG  .10 break
01[11:04] {@Threei}  If holds  51
01[11:07] {@Threei}  Invalidated
[11:15] {Les} http://armstrongeconomics.com/2014/04/21/how-your-cell-phone-threatens-your-liberty/
[11:15] {Les} the future of state control
[11:16] {RonS} don't have one...
[11:16] {Les} That dead Ukrainian president uses state telecom to target text everyeone protesting
[11:17] {RonS} from the other side?
[11:17] {RonS} spooky...
[11:17] {Les} son of Nemo I name you
01[11:17] {@Threei}  lol
01[11:25] {@Threei}  Armstrong is absolutely right about IMF
[11:25] {RonS} mcd getting greasy...
[11:25] {thomcbell} cien kangaroo tail vad
01[11:25] {@Threei}  McDonald's Corp CEO: recent signs of economies stabilizing in our major markets; remain cautious on Europe - conf call- China Q1 SSS +6.6%. Plan to open 300 new China restaurants this year; on track to increase franchises from 15% in current quarter to goal of 20-25% franchise stores.
01[11:26] {@Threei}  CIEN, if bounces over .60, short with .70 resistance
01[11:28] {@Threei} Short Setup: CIEN  .60 break
01[11:28] {@Threei}  If holds  .70
[11:28] {dino} dds bs to .80
[11:29] {dino} lxk to .83
[11:30] {dino} mdso gap below around 37
[11:31] {dino} lxk to .99
[11:33] {dino} out lxk .03, +.41
01[11:34] {@Threei}  wtg
[11:34] {dino} ty
[11:34] {dino} dds stuck tighten bs
[11:36] {dino} cov dds .86, major slip, +1.47
01[11:42] {@Threei}  that's a slip, eh?
[11:42] {dino} was at .76
[11:55] {Les} scalped cien outta here a+
01[12:11] {@Threei}  (UR) Ukraine military aircraft has reportedly been struck by gunfire emanating from a town controlled by pro-Russian activists - press
[12:17] {thomcbell} met looks kind of interesting long here
01[12:33] {@Threei}  deep freeze
01[12:34] {@Threei}  not repeating yesterday's mistake, spoiling good morning with pushing trades during inactive time
[12:35] {thomcbell} yes agreed
[12:40] {dino} adding mdso calls
[12:47] {thomcbell} feye looking vulnerable here - too wide a pattern
[12:47] {RonS} they always say that about tina...
01[12:49] {@Threei}  lol
01[13:01] {@Threei}  Freddie Mac Strength attributed to chatter that GSE reform effort could be delayed- A financial blogger suggests today that "Housing-finance reform looking less likely this year"
01[13:01] {@Threei}  really
[13:01] {RonS} realized over the past several weeks that when adfn and flow show up with fair sized offers on Level II someone is trying to keep a lid on the price so they can buy lower...example mdso at 39.24
01[13:01] {@Threei}  what's the rush
01[13:01] {@Threei}  just 6 years since housing meltdown, why would we want to reform that so soon
01[13:02] {@Threei}  Ron... you may want to review scalping video course, part about level 2 use :)
[13:03] {RonS} ya well, you taught me this stuff...
01[13:04] {@Threei}  there was even an acronym
01[13:04] {@Threei}  NITBB
01[13:04] {@Threei}  no intention to buy bids
01[13:04] {@Threei}  and NITSO
01[13:04] {@Threei}  (I'll wait for you to decode that :) )
[13:05] {RonS} :) ) = smile from a guy with a double chin?
01[13:05] {@Threei}  and a week or two ago nemo posted a link to SEC idiots prosecuting some small prop firm for that
01[13:05] {@Threei}  stuff old as market itself
01[13:07] {@Threei}  no, it's a smile within brackets
01[13:08] {@Threei}  Acting President of Ukraine Turchynov ordered the nation's security forces to restart the anti-terrorist operation in the east of the country.
01[13:08] {@Threei}  Putin: finally!
01[13:10] {@Threei}  New York Times: With sharp rebuke to Russia, Biden... (I couldn't read the rest)
[13:29] {nathan} hi gents
01[13:29] {@Threei}  hey nathan
[13:29] {nathan} how was the morning?
01[13:29] {@Threei}  7 wins, 1 stop
[13:30] {nathan} good ratio
[13:40] {RonS} lol: Florida Man Tries to Keep Low Profile Hauling 800lb Shark in Pick-Up Truck … pic.twitter.com/tlaJ4h7bG0
01[13:40] {@Threei}  lol
[13:47] {dino} wag spike
[13:48] {dino} smr s .84 wag
[13:48] {dptl} nem interesting here on pullback
[13:49] {RonS} sune now
[13:50] {RonS} hearing sune news re einhorn
01[13:51] {@Threei}  SUNE Ticking higher on circulation of letter from Greenlight Capital asserting valuation should be as high as $35/shr
[13:52] {dino} conn spike
[13:53] {thomcbell} wow that sune traded a ton of volume in last 5 minutes
[13:53] {RonS} sune 52 mil sh short
[13:54] {RonS} smoke 'em if you got 'em...
[13:56] {dino} cov wag .34, +.50
[13:57] {RonS} gj, dino wag's the tail...
[13:57] {dino} lol, ty
[14:00] {RonS} mdso thicker than oprah after going to Popeye's...
[14:01] {dino} lol
[14:01] {thomcbell} lord god Ron
[14:01] {dino} put a liitle dds s on .07, missed posting, sidetracked w/wag
[14:08] {dino} cov dds .74, +.33
[14:11] {RonS} 3i, fyi Popeye's is a fried chicken chain popular with US blacks and activley slobbered over on air by oprah...
[14:12] {RonS} actively...in case the spelling police show up...
[14:13] {RonS} conn still running
[14:15] {RonS} conn turned
[14:16] {dino} wag spikes again
01[14:21] {@Threei}  got it Ron
01[14:21] {@Threei}  it was lost on me as you guessed :)
[14:23] {dptl} watching pep for .20 break short
[14:25] {RonS} conn run on greenlight too
[14:27] {dino} pumping his own book
01[14:30] {@Threei}  US official: People in Ukraine's east enthusiastic about presidential election - yup, about as much as they are about gonorrhea
01[14:31] {@Threei} Short Setup: MCD  .20 break hl
01[14:31] {@Threei}  If holds  .30
01[14:36] {@Threei}  Invalidated
[14:36] {dino} mdso gap fills
[14:39] {dino} mdso hl l .50
[14:40] {thomcbell} sune pretty impressive back and fill
[14:51] {dino} mdso stop
[14:55] {dino} rinsed
01[15:03] {@Threei}  (UR) EU reportedly agrees to delay any new sanctions on officials related to the Crimea issue in light of Geneva agreement; additional sanctions to be implemented if Geneva agreement fails
01[15:03] {@Threei}  just as we assumed - Crimea is written off
01[15:04] {@Threei}  which sends a mesage: as long as you just do what you want and wait it out, howling will remain just that, and will die down with time
[15:06] {cosmo} howling dies down because of the SSRI's
01[15:07] {@Threei}  I need a decoder ring...
[15:08] {cosmo} looking...
01[15:08] {@Threei} Short Setup: MCD  .50 break
01[15:08] {@Threei}  If holds  .60
01[15:12] {@Threei}  Wall Street Journal: Tensions flare in eastern Ukraine despite Biden warning to Russia
01[15:13] {@Threei}  can you believe it... they defy him
[15:13] {dino} nbr little spike
01[15:18] {@Threei}  1:1
[15:22] {dino} mdso hl l .75
[15:23] {dino} out .05,
[15:23] {dino} +.30
01[15:24] {@Threei}  wtg
[15:24] {thomcbell} WB coming back towards the pivot may look for a long setup
[15:25] {dino} ty
[15:26] {dino} gap fill and run, i played it wrong
[15:27] {nathan} have fun gents
[15:27] {nathan} see u tomorrow
01[15:27] {@Threei}  take care nathan
01[15:30] {@Threei}  closed on a trail
[15:31] {dino} klic spike
01[15:36] {@Threei}  OK guys, great day we had. Allow me to leave early as wife is a birthday girl today and requires due attention
01[15:36] {@Threei}  have a good evening, see you tomorrow
[15:36] {thomcbell} alright Vad take care happy bday
[15:36] {RonS} have a nice evening
01[15:36] {@Threei}  ty
01[15:37] {@Threei}  KLIC dino: Kulicke & Soffa Industries Inc. Lemelson Capital Management announces stake, delivers letter to management and board members urging immediate share repurchase

Apr 21 2014

Back and forth day: started with a few nice wins, continued with a few stops, finished with nice 1:3er. All in all, about flat.


Session Time: Mon Apr 21 00:00:00 2014
[09:02] {dptl} good morning
01[09:02] {@Threei}  dp :)
[09:18] {thomcbell} some firm put a $50 price target on MU
[09:18] {thomcbell} Stock been grinding all morning
01[09:19] {@Threei}  Micron Technology Inc Price Target raised to $50 from $30 at Drexel Hamilton, reiterates Buy rating- Firm notes low priced mobiles and data center competition already pushing DRAM and believes this summer is looking a replay of last years firm pricing.
[09:23] {RonS} top 'o a spring week everyone
01[09:23] {@Threei}  Ron :)
[09:24] {ese} lock and load
[09:24] {ese} errrrrrrrr
[09:24] {ese} i mean good morning
01[09:24] {@Threei}  lol ese
[09:24] {ese} mornin vad
[09:27] {RonS} so, 3i, wife needed a new computer...bought first aapl product, mac all-in-one has a picture resolution that is just stunning
01[09:27] {@Threei}  yeah, artsy types usually prefer that
[09:28] {cosmo} hmmm...can't do it; i love PC's
[09:28] {RonS} lol, that's not me but spent years being a video and audio guy
[09:29] {RonS} has an intel chip...
[09:29] {cosmo} amd here
[09:31] {RonS} my pc guru says "pay the extra $100 for an intel chip, they are much more reliable than amd"...fwiw...my amd pc at the time was becoming crashish...
01[09:31] {@Threei} Long Setup:  C  .20 break
01[09:31] {@Threei}  If holds  .10
[09:32] {cosmo} oh...
01[09:32] {@Threei}  change to .10 break
01[09:32] {@Threei}  If holds  48
01[09:34] {@Threei}  trail to .04
01[09:34] {@Threei}  1:1
01[09:37] {@Threei} Long Setup:  MU  .70 break
01[09:38] {@Threei}  If holds  .60
01[09:38] {@Threei}  1:1
01[09:40] {@Threei}  1:2
01[09:41] {@Threei}  1:3
01[09:41] {@Threei}  out
[09:41] {RonS} ty mu 3i
01[09:41] {@Threei}  :)
[09:43] {dptl} out last mu ty
[09:43] {dptl} .11
01[09:43] {@Threei}  yw
01[09:43] {@Threei}  nice patience
01[09:43] {@Threei}  unless you just fell asleep midtrade
[09:44] {dptl} lol..
01[09:47] {@Threei} Long Setup:  SLW  .80 break
01[09:47] {@Threei}  If holds  .70
01[09:48] {@Threei}  Invalidated
01[09:49] {@Threei} Long Setup:  MU  .85 break
01[09:50] {@Threei}  If holds  .75
01[09:51] {@Threei}  trail to .79
[09:53] {RonS} atls buckling
01[09:54] {@Threei}  lol
01[09:54] {@Threei}  weak knees for such a load?
01[09:55] {@Threei}  why didn't we short SLW
01[09:59] {@Threei}  1:1
01[09:59] {@Threei}  *(US) MAR LEADING INDEX: 0.8% V 0.7%E
01[10:00] {@Threei}  PLUG Signs MOU with Hyundai to Form Fuel Cell Joint Venture in Asia
01[10:01] {@Threei}  - Plug Power today announced that in line with its aggressive international growth strategy it has signed a non-binding memorandum of understanding (MOU) with Hyundai Hysco Co. Ltd. (Hysco), to create a joint venture partnership to develop and sell hydrogen fuel cells in countries throughout Asia using Hysco's advanced stack and plate technology. Specifically, the proposed five-year joint venture will develop, manufacture and sell fuel cell solutions, products and stacks for applications in Asian markets. Under the terms of the MOU, the companies must finalize the details of the joint venture by July 31, 2014
01[10:01] {@Threei}  daily looks attractive on PLUG
01[10:03] {@Threei}  New York Times’ David Brooks Says Obama Has ‘A Manhood Problem In Foreign Policy"
01[10:03] {@Threei}  Ukraine: I disagree, he screwed me good
01[10:04] {@Threei}  1:2
[10:04] {ese} L plug .52
[10:04] {cosmo} well, there's always Michell
01[10:04] {@Threei}  no new news, quite a drop
01[10:05] {@Threei}  will MU give us second 1:3er this morning?
[10:07] {dptl} closed mu ty
[10:08] {ese} out plug .79 +.27
01[10:08] {@Threei}  yw
01[10:08] {@Threei}  nice morning, 3 for 3
01[10:16] {@Threei} Long Setup:  EBAY  .90 break
01[10:16] {@Threei}  If holds  .80
[10:18] {nemo} mu looks short
[10:20] {ese} daaaaaaaaa what the H is that all about.....screen goes black then i loose everything.....daaaaaaaaaa
01[10:20] {@Threei}  wow
01[10:21] {@Threei}  disconnected too
06[10:21] * nemo "it worked ;-)"
[10:21] {ese} you as well
01[10:21] {@Threei}  no
01[10:21] {@Threei}  sounds like your computer set to go to sleep after some inactivity
[10:21] {ese} L avg plug .49 on the way dn
01[10:23] {@Threei}  no go
[10:23] {dptl} stoped ebay
01[10:25] {@Threei}  Plug Power Inc Exec: Will dramatically increase sales team in 2014; will expand in Asia - business update call comments- Confirms deal with Volkswagen
[10:27] {ese} thats good....
01[10:28] {@Threei}  I don't know...
01[10:28] {@Threei}  more good-sounding news, it drops more
01[10:29] {@Threei}  it had a good run, maybe it's sell the news
[10:30] {thomcbell} now the short interest has to go up again before it works long
[10:31] {ese} ya you could be right
01[10:35] {@Threei} Short Setup: C  .80 break
01[10:35] {@Threei}  If holds  .90
01[10:36] {@Threei}  JASO Ticking higher on circulation of financial blog chatter of a potential deal with Tesla
[10:40] {ese} hmmmmmm looked back at a few charts like this......me thinks plug is gonna make it back to 8 today or there abouts.......get rid of the weak hands ...should make it back
[10:41] {ese} if not today......day or 2
[10:51] {dptl} still like c short? Vad
01[10:51] {@Threei}  yes
[10:52] {ese} L plug avg .42
[10:57] {RonS} something for ese while he is waiting:  https://www.youtube.com/watch?v=Xf2MNCu5oqM
01[10:58] {@Threei}  so Ron, a few years ago I built myself a computer, and faced that chopice between intel and amd... did some digging around,
01[10:59] {@Threei}  the conclusion I came to was, it's a religious war
[10:59] {nemo} intel systems faster, but the price/performance falls to AMD usually
01[10:59] {@Threei}  canon vs nikon among photographers
[11:00] {nemo} http://www.cpubenchmark.net/high_end_cpus.html
01[11:00] {@Threei}  decided on amd eventuallky, works flawlessly
01[11:01] {@Threei}  for extreme gamers there might be a difference
[11:02] {nemo} you got intel, yes?
01[11:02] {@Threei}  [11:00] {@Threei} decided on amd eventually
[11:02] {nemo} ahhh
[11:03] {nemo} yeah, intel at highest end better for extreme gamers...AMD was always cool for the overclockers, but Intel has become more accessible in that area also
01[11:16] {@Threei} Long Setup:  VXX  .15 break
01[11:16] {@Threei}  If holds  .05
01[11:19] {@Threei}  change to .10 break
[11:20] {dptl} in
[11:21] {dptl} stop .04 ?
01[11:21] {@Threei}  yeah
01[11:21] {@Threei}  no need for wider
[11:21] {dptl} k
01[11:21] {@Threei}  action slowed down dramatically
[11:24] {nemo} http://goo.gl/yL4WEG
[11:26] {RonS} hearing significant put buying going on in the indicies
01[11:29] {@Threei}  feels that way Ron
01[11:35] {@Threei}  SPY needs to lose .70
[11:35] {nemo} https://www.youtube.com/watch?v=ji5_MqicxSo
[11:35] {nemo} sorry
[11:38] {dptl} out half here
01[11:38] {@Threei}  good idea
[11:38] {dptl} .18
[11:39] {dptl} trailing under .10
[11:40] {thomcbell} this athn looks like it could keep going over the coming weeks
[11:47] {nemo} sheesh bid pulls in tna
[11:53] {nathan} hi gents
[11:54] {dptl} out vxx
01[11:55] {@Threei}  hey nathan
01[11:56] {@Threei} Short Setup: WMT  .50 break
01[11:57] {@Threei}  If holds  .55
01[12:04] {@Threei} Long Setup:  PLUG  .05 break
01[12:04] {@Threei}  If holds  .95
[12:10] {dptl} dal .95 break long ?
01[12:11] {@Threei}  no read
[12:12] {dptl} k
[12:13] {thomcbell} cien 18.98 long break if holding 19.89
[12:13] {thomcbell} only half lot due to big fat big figure
[12:17] {dptl} plug still valid right?
01[12:18] {@Threei}  yes
01[12:24] {@Threei}  so Ron... tell me you are using that new brilliant high-res display to view the images at www.arrestinglight.com {G}
[12:27] {RonS} not yet, need to take the old computer over to load the new one with files...
[12:27] {RonS} thanks for the link however...
01[12:28] {@Threei}  always... I am happy to share my link with my dazzling images :)
01[12:28] {@Threei}  and saying "my images" I don't mean "images of me"
01[12:28] {@Threei}  that wouldn't be as dazzling
01[12:30] {@Threei} Long Setup:  TZA  .75 break
01[12:31] {@Threei}  If holds  .70
[12:33] {dptl} in .76
[12:34] {dptl} in plug
[12:40] {dptl} can we trail tza to .74?
01[12:41] {@Threei}  hmmm
[12:43] {nemo} only 30mil spy volume..wtf
[12:43] {dptl} ok and plug stil .94 stop right?
01[12:43] {@Threei}  plus .99
01[12:43] {@Threei}  plug
[12:43] {dptl} ok
[12:48] {RonS} get this, neighbor acquired a mature male st bernard for a companion to her newfoundland...
[12:48] {RonS} ...dog begins by exploring the local area...
[12:49] {RonS} neighbpor goes away to store...leves bernard in the hous...
[12:50] {RonS} ...leaves a screened window open on 2nd floor...bernard breaks through the screen and climbs onto roof...
[12:50] {RonS} damndest thisg you have ever seen...150 pound dog on a roof
[12:53] {RonS} that was a day after witnessed a border collie jump up into a tree following its master...about a 5 foot jump...
[12:55] {ese} no i'm not.....i'm lurking
[12:57] {RonS} come natural to a teacher of teen girls?  :)
[12:57] {ese} ah no
[12:58] {nemo} teen boys?
[12:58] {RonS} lol
[12:58] {ese} like wise....no
[13:14] {dptl} stopped plug
[13:17] {dptl} stopped tza
01[13:44] {@Threei} Long Setup:  IWM  .15 break
01[13:45] {@Threei}  If holds  .115
01[13:45] {@Threei}  If holds  .05
01[13:47] {@Threei}  Invalidated
[13:50] {nathan} watching gild
[13:50] {nathan} doent look like getting exhausted
01[13:51] {@Threei}  GILD short seup with .60 break
[13:52] {nathan} i tried 2 times before and got stopped :-(
[13:52] {nathan} at earlier levels...
[13:52] {nemo} still haven't done 35 million shares of spy
01[13:52] {@Threei}  why did you short it?
[13:53] {nathan} i "thought" it was exhausted, i "saw" double top
01[13:53] {@Threei}  because you were thinking that it was too hgih and it was time for it to drop
01[13:53] {@Threei}  surefire way to get killed
[13:53] {nathan} you're right
[13:54] {nathan} i f*!*"· two times
01[13:54] {@Threei}  there was short setup forming, kangaroo tail
01[13:54] {@Threei}  now it's invalidated
[13:54] {nathan} kangaroo tail?
[13:55] {nemo} candle formation
[13:55] {nathan} ok
01[13:55] {@Threei}  one of setups from 111 Trades
[13:55] {nathan} ok
01[14:02] {@Threei} Long Setup:  IWM  .15 break
01[14:02] {@Threei}  If holds  .05
01[14:08] {@Threei}  grrr
[14:08] {dptl} out
01[14:22] {@Threei}  wow
01[14:22] {@Threei}  something killed GILD
01[14:22] {@Threei}  ah news
01[14:22] {@Threei}  GILD CVS reportedly may try to promote competition and slow the uptake of Gilead's new drug
[14:27] {nathan} i could finally short it successfully
01[14:28] {@Threei}  if you read the future and knew about news coming
[14:28] {thomcbell} gild reports tomorrow
[14:29] {thomcbell} after bell
[14:30] {nathan} if I could...
01[14:31] {@Threei}  frikin IWM
01[14:38] {@Threei}  that's what it was supposed to do last time around
01[15:00] {@Threei}  gotta wait for deeper pullbacks on it it seems
01[15:04] {@Threei}  (RU) US State Dept indicates it could consider placing sanctions on Russia President Putin as well as other Russia Govt officials - press- Would impose sanctions on many other issues before imposing sanctions on Putin himself
01[15:04] {@Threei}  that would be a badge of honor
01[15:05] {@Threei}  his popularity is at 80%, would shoot to 90
[15:05] {thomcbell} putin probably has billions stocked away
[15:05] {thomcbell} shocking amounts
01[15:06] {@Threei}  "probably??" :)
01[15:06] {@Threei}  latest estimation, 30
[15:06] {thomcbell} make arafat and mubarak look like shmos
01[15:07] {@Threei}  better yet - as long as he is in power, he doesn't need any
[15:07] {RonS} didn't he have to split it in the divorce?  :)
01[15:07] {@Threei}  lol
[15:07] {RonS} lol
01[15:09] {@Threei}  In a locker-room humor style, in this annual broadcasting marathon, fielded dozens of generally uncritical questions from citizen, Putin told viewers about the need to get his ex-wife remarried before he can think about getting himself a new wife
[15:12] {nathan} take care gents
[15:12] {nathan} see you tomorrow
01[15:12] {@Threei} Long Setup:  GILD  .45 break
01[15:13] {@Threei}  If holds  .35
01[15:13] {@Threei}  take care nathan
[15:16] {thomcbell} this WB trades pretty orderly for a new issue since about 11
[15:17] {thomcbell} makes me think it could have a decent up move into the bell
01[15:19] {@Threei}  Invalidated
01[15:24] {@Threei} Long Setup:  FB  .95 break
01[15:26] {@Threei}  If holds  .85
01[15:28] {@Threei}  1:1
01[15:33] {@Threei}  Russia claims Ukraine is ‘grossly breaching’ agreement, hints at military intervention
01[15:33] {@Threei}  hints?
01[15:33] {@Threei}  lol
01[15:34] {@Threei}  I guess anyuthing short of tanks rolling is a "hint"
01[15:34] {@Threei}  for a long time I was wondering about one thing...
01[15:35] {@Threei}  how could Germany residents greet Hitler's delusional speeches with enthusiam
01[15:36] {@Threei}  Now observing what happens in Russia, for the first time in my life I understand how it happens
01[15:37] {@Threei}  until you see it for yourself, you've no idea how horrifying mass hysteria is
01[15:38] {@Threei}  I should add, patriotic mass hysteria
01[15:40] {@Threei}  1/4 more out
01[15:41] {@Threei}  stop .99
[15:43] {RonS} ...was pulling this up for Putin but really sounds like the O:  If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress
[15:43] {RonS} dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.
[15:43] {nemo} hitler
[15:43] {nemo} or Goebbels
[15:43] {RonS} Goebbles
01[15:43] {@Threei}  lastter
01[15:43] {@Threei}  latter
[15:43] {nemo} Na ja
01[15:45] {@Threei}  actually, come to think of it, Ron... I can name very few state rulers to whome this wouldn't apply :)
[15:45] {nemo} it goes back to the Greeks
01[15:46] {@Threei}  I would probably name Harper, but ese would take a severe umbrage
[15:46] {RonS} ya, I was thinking the early Popes too...
[15:46] {RonS} ...maybe all of them...
[15:47] {cosmo} i was thinking of maybe 'failed leaders'
[15:47] {cosmo} they be into truth
[15:47] {nemo} http://goo.gl/f40dEm
01[15:47] {@Threei}  maybe Honduras... because no one cares what they say
[15:47] {RonS} lol
[15:48] {cosmo} or that
01[15:48] {@Threei}  and because the name of the country sounds like something you shouldn't scratch so it doesn't itch
[15:48] {RonS} tourism campaign:  Honduras...home of the truth
01[15:48] {@Threei}  rofl
[15:49] {cosmo} Iceland?
01[15:49] {@Threei}  unless they claim the title of the warmest place on Earth, maybe
[15:50] {RonS} nah Iceland...home of hot blondes, and hotter water
01[15:50] {@Threei}  sounds true enough
[15:50] {cosmo} there's always a hitch
[15:51] {RonS} of course this:  Russia...home of hot blondes that can get you into hot water
01[15:51] {@Threei}  ok FB
01[15:51] {@Threei}  last spike please
01[15:52] {@Threei}  not just blondes... all hair colors are present
01[15:52] {@Threei}  melting pot of sorts
01[15:52] {@Threei}  out FB
01[15:52] {@Threei}  almost 1:3
01[15:53] {@Threei}  thank you all, have a great evening
01[15:53] {@Threei}  see you tomorrow
[15:53] {goinshort} cya -thanks
[15:53] {dptl} see ya tomorrow all

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Chinese Medicine for a Dizzy Market

- The vague sense of unease in global markets continued on Monday and Tuesday as heightened volatility sapped risk appetite and drove the yield on the 10-year UST as low as 2.60%. China's Q1 GDP reading on Tuesday night (7.4% v 7.3%e) seemed to calm nerves and equity markets in the US, Europe and Japan moved higher in the second half of the week. Despite the better overall GDP growth, other Chinese March economic data was less reassuring. US corporate earnings were not especially strong, as firms across a wide spectrum of industries failed to show appreciable revenue growth. Early in the week, the situation in Ukraine only got worse, with Kiev seeming to botch attempts to reassert its authority in the restive eastern cities. On Thursday, four-party talks (Russia, Ukraine, the US and the EU) generated a tentative plan to de-escalate the crisis, but it remains to be seen if Russia and its partisans in Ukraine will play along. A mid-week policy speech from Fed Chair Yellen gave some solace to markets, reiterating that rates will likely stay lower for longer in this cycle due to lingering aftereffects of the economic crisis. For the week, the DJIA added 2.4%, the Nasdaq rose 2.4%, and the S&P500 gained 2.7%, for the best week in the broad index since July.

- Housing market reports out this week indicated the industry continues to weaken even after getting past severe winter weather. March building permits and housing starts missed expectations, driven by a slowdown in multi-family starts. The April NAHB housing market index was weaker than expected, moving to an anemic 47 from the 46 seen in the March report, marking the third consecutive month the index has been in contraction territory.

- Factory data yielded better results. The March US industrial production data came in at +0.7%, beating expectations, and the February numbers were revised higher. More importantly, capacity utilization rebounded to 79.2% from 78.4% in February, putting utilization at its highest level since the very beginning of 2008. This is only 0.9 percentage points below the long-run (1972-2013) utilization average.

- The flood of IPOs continued, although market turmoil has been hard on new issues. Out of the 10 IPOs that launched this week, eight priced below their expected ranges and two, Chinese firms Weibo and Leju Holdings priced at the low end of their expected range. The most anticipated new offer was the Twitter of China, Weibo, whose shares gained nearly 20% in trading on Thursday. Chinese e-commerce giant Alibaba, which owns an 18% stake in Weibo, is expected to file for its own US IPO as early as Monday.

- Gold prices tumbled approximately 2.5% on Tuesday, with spot gold dropping below $1,300 from $1,325. There was no immediate catalyst for the move, and prices closed out the week below $1,300. Commentators cited stronger US growth and flagging demand that would follow lower economic growth in China, and ignored the tensions in Ukraine. Silver and copper both moved lower along with gold.

- Earnings season picked up pace with a flurry of financial firms reporting. First quarter results out of Bank of America and Citigroup were mixed. Citi's headline results beat expectations, with net income up y/y and revenue down about 1% y/y, driven by an 18% decline in fixed income revenue. However, the firm's income growth came mostly from lower losses at Citi Holdings as the unit rolls off beleaguered legacy assets. Bank of America reported a headline loss of $0.05, well below expectations, but this was after $6.0 billion in litigation expense ($0.40) related to the FHFA legal settlement and reserves for mortgage-related matters. Much like JPMorgan and Wells Fargo last week, BoA's consumer residential mortgage originations were horrible, down 65% y/y.

- Both Goldman Sachs and Morgan Stanley posted good headline first quarter results, beating top- and bottom-line expectations. However, a deeper look at Goldman's results show a more mixed picture profit and revenue declined on a y/y basis whereas Morgan's profits were up 18% y/y. Goldman's FICC trading arm saw net revenue continue to slump, while Morgan's fixed income business grew its revenue take. Investment banking units at both firms saw double-digit revenue gains.

- United Heath was the first insurer to report earnings for the period covering the rollout of Obamacare, and it claimed health insurance reform related costs (plus lingering sequestration costs) reduced earnings by around $0.35/share. Executives warned that additional losses were possible related to the ACA.

- Investors were unhappy with quarterly results out of Google and IBM after both firms missed revenue expectations. Yahoo was more or less in line, and reported more modest gains in key advertising revenue metrics. Google saw solid y/y growth in profits and revenue, but the key paid clicks metric was negative, raising eyebrows. Sandisk crushed earnings expectations thanks to a big increase in margins and very good retail sales.

- Industrials General Electric and Honeywell, and chemicals name DuPont all missed revenue targets. Revenue and profits fell modestly on a y/y basis at GE and sharply at DuPont, although the latter had warned investors of the slump in guidance a month ago. Honeywell saw modest revenue and earnings growth, and said the firm was "cautiously optimistic on the macro environment, even with some nice momentum exiting the quarter."

- Extensive verbal intervention by European officials continued to exert little downward pressure on the EUR/USD pair. Press sources reported that the next move by the ECB would be to adopt a negative deposit rate, perhaps as soon as the June meeting. EUR/USD bounced around in the 1.3800 handle all week long. GBP/USD hit a 4.5 year high above 1.6800 after the UK unemployment rate moved below the BoE's 7.0% threshold.

- China released a full gamut of March economic data plus Q1 GDP this week. GDP slightly topped expectations, calming fears raised earlier when March M2 money supply increased at the slowest rate in years and aggregate funding fell 19% y/y. The China stats bureau noted consumption was a "decisive contributor" to Q1 GDP growth, and it also said it may begin releasing online sales figures. A researcher with China's top economic planning agency NDRC said that even a slowdown to 6.5% in 2014 overall would be acceptable without triggering more stimulus. On Thursday, a separate report showed that China foreign direct investment fell 1.5% y/y in March, for its first decline in over a year.

TradeTheNews

Apr 17 2014

Nice solid day, especially considering thin pre-long weekend trading. No fireworks, just "another day in the office" profits.

Session Time: Thu Apr 17 00:00:00 2014
01[09:13] [@Threei}  Wal-Mart Stores Inc Introduces Exclusive in store Money Transfer Service, Cuts Fees by up to 50% for Customers- Powered by Ria (subsidiary of Euronet Worldwide), Walmart-2-Walmart brings lower fees and simplicity to the money transfer market
[09:13] [cosmo} weird
[09:14] [cosmo} wanna be banker...
01[09:14] [@Threei}  Walmart-2-Walmart offers a clear fee structure with just two pricing tiers: customers can transfer up to $50 for $4.50 and up to $900 for $9.50. Competitive offerings often include 10 or more fee tiers and charge up to $70 for transferring less than $1,000
[09:23] [dptl} good morning
01[09:23] [@Threei}  dp :)
[09:25] [ese} morning
01[09:25] [@Threei}  ese :)
[09:25] [RonS} gm
[09:25] [ese} vad
[09:25] [ese} ron
01[09:25] [@Threei}  ron :)
[09:28] [Les} yo
01[09:29] [@Threei}  Les :)
01[09:30] [@Threei} Long Setup:  C  .30 break
01[09:31] [@Threei}  change to .25 break
01[09:31] [@Threei}  If holds  .15
01[09:32] [@Threei}  no go
01[09:36] [@Threei} Short Setup: WMT  .20 break
01[09:36] [@Threei}  If holds  .30
[09:37] [nemo} slow open my system isn't taxed at all
01[09:37] [@Threei}  Invalidated
[09:37] [thomcbell} mu maybe short setup soon
01[09:38] [@Threei} Long Setup:  YHOO  .10 break
01[09:38] [@Threei}  If holds  36
[09:40] [dptl} in yhoo
01[09:41] [@Threei}  half out .19
[09:42] [Les} tza
[09:42] [Les} sorry
01[09:44] [@Threei}  closed YHOO
[09:44] [dptl} out balance yhoo
[09:45] [ese} mgi.....fish that got away....didn't catch it soon enough
01[09:46] [@Threei} Long Setup:  JPM  .50 break
01[09:46] [@Threei}  If holds  .40
[09:51] [dptl} stopped jpm
01[09:51] [@Threei}  no go
[09:52] [thomcbell} damn it mu
[09:52] [thomcbell} took ye off it
01[09:53] [@Threei} Long Setup:  EBAY  .70 break
01[09:53] [@Threei}  If holds  .60
[09:55] [dptl} valid?
01[09:55] [@Threei}  yes
[09:57] [dptl} got only half
01[09:58] [@Threei}  1:1
[09:59] [nathan} good morning gents
01[09:59] [@Threei}  morning nathan
01[09:59] [@Threei}  *(US) APR PHILADELPHIA FED BUSINESS OUTLOOK: 16.6 V 10.0E
01[10:01] [@Threei}  stop to .74 for the balance
01[10:02] [@Threei}  PLUG Plug Power Inc Ticks higher on chatter that it could announce Ford as a customer
01[10:04] [@Threei}  1/4 more out
01[10:04] [@Threei}  stop .79
01[10:05] [@Threei}  closed
[10:05] [dptl} out
[10:06] [dptl}  somehow only got half of the pos on this one
01[10:09] [@Threei} Short Setup: JPM  .35 break
01[10:09] [@Threei}  If holds  .45
[10:09] [ese} been watchin plug all morning...gonna take that bet L plug .30
[10:10] [ese} 1/2
01[10:13] [@Threei}  frikin EBAY rinsed last 1/4
01[10:13] [@Threei}  JPM stop .41
01[10:14] [@Threei}  half out
[10:14] [nathan} 1:1
[10:14] [nathan} ty vad
01[10:15] [@Threei}  yw
[10:15] [dptl} where?
01[10:15] [@Threei}  .27
01[10:15] [@Threei}  1:1
01[10:16] [@Threei}  stop .36
01[10:16] [@Threei}  by the book from here
01[10:18] [@Threei}  1:2
[10:22] [thomcbell} wow twtr very strong here
[10:23] [dptl} what was your entry jpm Vad?
01[10:24] [@Threei}  .33
[10:24] [dptl} ok same
[10:25] [ese} ok am gonna do this L plug avg .29
[10:25] [ese} alot
[10:26] [ese} i'll give you a hint...dn .01 am down 44bucks
[10:27] [ese} am up .03...puuuuuuurrrrrrrfect
[10:27] [ese} opps
[10:29] [dptl} closed jpm
[10:29] [Les} just scalped JPM long, but staying on the side otherwise.
[10:30] [Les} Market more confused than Nemo after a date with a woman
[10:31] [nathan} lol
[10:31] [nemo} at least I didn't get married
[10:32] [dptl} lol
[10:32] [nemo} Les' wife been regretting it ever since
[10:36] [nemo} http://goo.gl/v2Hujj
[10:37] [dptl} gis, i think its a nice looking set up for long
[10:40] [Les} ooophtouché
06[10:41] * nemo thinks, "should I drop the hammer on Les....mmmhhhhh."
[10:41] [Les} vxx otential db or setting up for dbi
[10:42] [nemo} I think it might be a bit early for that
[10:45] [ese} ok thats enough of a dangerous game out plug .42 +.13.....4400shs
01[10:45] [@Threei}  wtg
[10:45] [ese} tks...learned from the best
[10:46] [Les} gj ese
[10:46] [ese} tks les......can afford to come and see you in switzerland sometime
[10:46] [nemo} probably wouldn't be good for your IQ ese
[10:47] [Les} Nemo's right as always
[10:47] [ese} ouch
[10:47] [Les} but Montreux Jazz is only weeks away ese
[10:47] [Les} that blind black fella gonna be there
[10:47] [ese} memories for sure......last time there summer 81
[10:48] [Les} crikey was but a wee lad in a diaper at that time
[10:49] [Les} DV vxx stands
[10:49] [Les} db
[10:50] [Les} shit ese you were the market in plug
[10:51] [RonS} no way Les, that stock is the most over-followed and over-owned stock out there by the retail trders in the US
[10:51] [ese} hardly buddy.....9.6mil to this point......just a drop in the bucket
[10:51] [Les} c'mon Ron permit me some hyperbole
[10:52] [ese} am thinkin about reloading with half of that 1/2
[10:52] [RonS} just sayin...the whole thing feels like a huge setup
[10:52] [Les} yeh I getchya
[10:56] [RonS} plug has 3200 followers on stocktwits and the message volume on it is so high i had to turn it off...
[10:56] [ese} ron.....i would agree if your talkin bout the mrkt as a whole ...check out the head and shoulders pattern on the spyers 1 min chart
[10:57] [ese} damn close
[10:57] [ese} hmmmmmm maybe not heading up
[10:58] [RonS} h&s is the most failed pattern in the last 5 years, concocted for idiots imo...
01[10:59] [@Threei}  yup, I never use it as standalone
[10:59] [ese} well ...looks like it just failed now
[11:00] [ese} i don't use it either but alot still do which puts some kinda value to it......got be awre imo
[11:00] [ese} aware
[11:06] [RonS} vwap, points of control, pivot points, sentiment charting...these are what is being used...h&s and traditional technical analysis do not work in the era of algo trading...again imo
[11:07] [nemo} I agree, although you can see variations that show weakness that telegraph off of those levels...You see that chart formation on vwap or one of the pivot levels it's more likely to work
[11:08] [ese} i'd agree....i certainly use pivots(nemo got me into that) and vwap ....but still ....just basic price momentum works
[11:09] [nemo} this is such a weird day with op ex and the holiday
[11:09] [ese} indeed
01[11:13] [@Threei} Long Setup:  TZA  .81 break
01[11:13] [@Threei}  If holds  .71
[11:14] [dptl} in tza
[11:17] [dptl} out half
01[11:17] [@Threei}  1:1
[11:18] [Les} PLUG loses vwap. not shortable
[11:20] [ese} patience my little padua......i smell more money here.....if i don't have to go to school first
[11:20] [Les} you wanna paddle me? Isn't that illegal in Canada?
[11:23] [ese} lol
[11:24] [ese} theres always a comedian in the crowd
[11:25] [Les} between Ritalin and meditation don't feel like  making wisecracks
[11:25] [Les} making effort for Nemo
[11:25] [Les} entirely too quiet for his own good
[11:26] [Les} outta here night shift comin a+
[11:30] [ese} L plug .2798......sheesh
[11:32] [ese} cool .28.....i'm up .0002
[11:33] [ese} could things get any better.........i think not.....think of the exchange rate with that in Russia
[11:33] [ese} i probably just made 30 bucks
01[11:34] [@Threei}  in sime countries you could live a month on that
01[11:34] [@Threei}  some
[11:34] [ese} lol
[11:35] [dptl} cuba
[11:35] [ese} nah ...hell no... a great cuban cigar is $200
01[11:36] [@Threei}  not in cuba
01[11:36] [@Threei}  Obama approves sending helmets, sleeping mats and water purification systems to Ukraine, Defense Secretary Hagel says
01[11:36] [@Threei}  hmmm... no crayons?
01[11:36] [@Threei}  how rude
[11:36] [RonS} porta potties?
[11:36] [ese} helmuts?
[11:37] [RonS} why not just send the stuff to Russia and skip the middle man?
[11:37] [ese} what a moron!
01[11:37] [@Threei}  Defense Secretary Chuck Hagel: US moves not meant to 'provoke or threaten Russia'
[11:37] [ese} i like the guy but man hes gettin stupider
01[11:37] [@Threei}  because Russia could get, well, mad?
01[11:38] [@Threei}  I strongly vote for sending crayons
[11:38] [dptl} lol
01[11:38] [@Threei}  no ese... it's you looking closer
01[11:38] [@Threei}  he is what he always was
[11:38] [RonS} wanna see Biden on Russian border blowing kisses...
01[11:39] [@Threei}  blowing, maybe...
01[11:39] [@Threei}  kisses? who over there needs them from him?
[11:39] [RonS} ut oh
01[11:40] [@Threei}  want a shock of a lifetime, Ron?
01[11:40] [@Threei}  go to Moscow, take a walk on one pf the main streets any time of the day, look at the women
01[11:41] [@Threei}  supermodel catwalk by Western standards,
01[11:41] [@Threei}  casually strolling around you
01[11:41] [@Threei}  clothes, makeup, whole enchilada
[11:42] [dptl} out some more tza here...ty
01[11:42] [@Threei}  just out to the corner store
[11:42] [RonS} enchilada...lol
01[11:42] [@Threei}  1/4 more out too
01[11:42] [@Threei}  not many dress up for the opera here the way they dress up for casual dash out
[11:43] [dptl} where is your stop now Vad?
01[11:43] [@Threei}  .89
[11:43] [dptl} k
[11:44] [RonS} wonder if Les knows what an enchilada is?...
[11:46] [ese} same in Rome vad.......shoes are the biggie
01[11:47] [@Threei}  haven't been there but did hear from a few Canadian friends who visited both and had opportunity to compare
01[11:48] [@Threei}  according to them, Moscow wins by a good margin
01[11:49] [@Threei}  one of my classmates named in this article is behind this campaign:
01[11:49] [@Threei}  http://www.kyivpost.com/content/ukraine/kolomoisky-promises-a-reward-for-fighting-against-separatists-343970.html
[11:49] [RonS} ese look biof
[11:51] [thomcbell} ubnt looking vulnerable
[11:51] [thomcbell} what a run this thing had
[12:01] [thomcbell} wb open
[12:03] [dptl} closed tza ty
01[12:03] [@Threei}  :)
01[12:13] [@Threei} Long Setup:  IWM  .75 break
01[12:13] [@Threei}  If holds  .65
01[12:16] [@Threei}  nah
[12:16] [thomcbell} yhoo 35.99 short break
[12:17] [thomcbell} if holding 36.10
[12:19] [thomcbell} 1:1
[12:21] [ese} gotta go ......cya next week
[12:25] [thomcbell} flat yhoo
[12:25] [thomcbell} all it had was 1:1
01[12:35] [@Threei} Long Setup:  VXX  .15 break
01[12:35] [@Threei}  If holds  .05
01[12:38] [@Threei}  Invalidated
[12:38] [goinshort} morning all !
01[12:39] [@Threei}  hey gs
01[12:39] [@Threei}  morning eh?
[12:39] [goinshort} up early been busy
[12:40] [goinshort} is there a way in mirc to see whats been going on?
01[12:40] [@Threei}  no
01[12:40] [@Threei}  log will be posted as usual though
01[12:41] [@Threei}  look back is available only in mibbit, and limited to certain time
01[12:41] [@Threei}  30 min or something like that
[12:41] [goinshort} ok thanks- you trading anything at the moment
01[12:41] [@Threei}  no, flat
01[12:44] [@Threei}  this market spike is mostly a misread statement from Geneva
01[12:51] [@Threei} Long Setup:  VXX  42 break
01[12:51] [@Threei}  If holds  .90
01[12:58] [@Threei} Long Setup:  IWM  .80 break
01[12:59] [@Threei}  If holds  .70
[13:00] [dptl} in iwm
01[13:01] [@Threei}  1:1
[13:01] [thomcbell} fio 9.50 long break if holding 9.45
[13:01] [dptl} out half
[13:03] [dptl} out more here
01[13:03] [@Threei}  1:2
06[13:03] * @Threei slaps dptl around a bit with a large roll of cash
[13:04] [dptl} :)
[13:06] [dptl} closed
[13:06] [dptl} ty
01[13:08] [@Threei}  yw
[13:13] [goinshort} iwm 1:2+  thanks !
01[13:15] [@Threei}  :)
[13:15] [nemo} iwm banged on the ceiling three times
[13:16] [nemo} which is the Monthly S1 to the penny
[13:38] [nemo} index charts look like yesterday's
[13:48] [thomcbell} selling 1/2 fio at 9.54 - this is a waste of time
01[13:54] [@Threei}  20:14 Associated Press: Deal reached on calming Ukraine tensions
01[13:54] [@Threei}  20:16 Armed men raid Donetsk region broadcasting facility
01[13:54] [@Threei}  heh
01[13:55] [@Threei}  all these negotiations and agreements are waste of paper... Putin is beyond point of no return on Ukraine
[13:58] [cosmo} who's armed men?
01[14:00] [@Threei}  Russian
[14:02] [nathan} hi again,
[14:02] [nathan} my connection...
01[14:02] [@Threei}  hey nathan
[14:03] [nathan} markt close as usual today?
01[14:03] [@Threei}  yes
[14:03] [nathan} tx
01[14:10] [@Threei} Long Setup:  VXX  .75 break
01[14:10] [@Threei}  If holds  .68
[14:26] [dptl} hmm..its still holding
[14:27] [nemo} vxx might have a hard time getting traction in this low volume environment, indexes move up easily
01[14:28] [@Threei}  yes but at the same time, look at IW spike, yet VXX stays put
[14:28] [nemo} I understand
01[14:28] [@Threei}  IWM
[14:28] [nemo} vxx a funny thing, it doesn't necessarily maintain it's correlations
01[14:29] [@Threei}  yes
[14:29] [nemo} time of day, time of week
[14:29] [dptl} still .75 long?
01[14:29] [@Threei}  this divergence right now is exactly what makes me interested
01[14:29] [@Threei}  yes
01[14:29] [@Threei}  and nemo... shame on you
01[14:29] [@Threei}  "it's correlations"???
[14:30] [nemo} trout me
06[14:30] * @Threei slaps nemo around a bit with a Grammar Guide for English-Challenged
01[14:31] [@Threei}  you can spell "bread" as "beer," I won't even blink
01[14:32] [@Threei}  but their-there-they're, I feel like you stubbed me
[14:32] [nemo} or vodka as water
[14:32] [nemo} mother's milk
01[14:32] [@Threei}  and its-it's is right behind
[14:32] [nemo} manna
[14:34] [dptl} in vxx
01[14:34] [@Threei}  In responding to a question from an elderly woman about whether Russia would now seek to take back Alaska, once part of the Russian Empire, Putin hinted at the strategic importance of Crimea's warm-water ports. "Faina Ivanovna, dear, why do we need Alaska?" he said, adding that Alaska is "cold." Putin said he knows that Alaska is now jokingly called Ice Cream, a play on "Krym," the Russian word for Crimea.
[14:35] [nemo} germans use Krym too
01[14:37] [@Threei}  lol
01[14:37] [@Threei}  remember the joke I cited once
01[14:37] [@Threei}  (or twice)
[14:37] [nemo} you've told jokes?
[14:37] [RonS} lol
[14:37] [nemo} that was too easy\
01[14:37] [@Threei}  "Argentina and Mongolia signed peace agreement between Chile and Ukraine"
01[14:37] [@Threei}  now read this:
[14:37] [nemo} I can hear him now under his breath "frickin' pizdah"
01[14:38] [@Threei}  why under? I said that out loud
01[14:38] [@Threei}  Obama and Merkel agreed during the call that Russia should use its influence on armed groups in eastern Ukraine to calm the situation
[14:38] [nemo} yeah, but nobody can hear u
01[14:38] [@Threei}  wife can
[14:38] [nemo} kinda' open ended
[14:38] [dptl} lol
[14:38] [nemo} how to calm them
01[14:38] [@Threei}  she said understandingly "talking to nemo again?"
[14:38] [nemo} AK's tanks and rockets!
[14:38] [nemo} nice
[14:39] [nemo} your wife loves me
01[14:39] [@Threei}  deep-fried, yes
[14:39] [cosmo} Krym de la krym
[14:40] [thomcbell} sndk coming off
[14:40] [nemo} arguably a short setup in iwm or spy but....never short a dull market
[14:40] [nemo} great, we get to hear about a stock's sex life
[14:45] [dptl} out half here
[14:45] [thomcbell} agreed on dull market
[14:47] [nemo} wow since 2 less than 10 million shares of spy
01[14:52] [@Threei}  1:1
[14:53] [dptl} out some more .87
[14:57] [nathan} out too
[14:57] [nathan} tx vad
01[14:57] [@Threei}  yw
[15:03] [dptl} closed...ty
01[15:04] [@Threei}  yw
01[15:04] [@Threei}  but why?
[15:04] [dptl}  have to go, have a good weekend all...thanx Vad :)
01[15:04] [@Threei}  take care, have a good one
[15:10] [nathan} well gents have a nice weekend
[15:10] [nathan} see you on monday
01[15:10] [@Threei}  you too nathan
[15:17] [goinshort} be back monday - thanks Vad
01[15:17] [@Threei}  :)
[15:26] [nemo} http://www.watching-grass-grow.com/
[15:27] [RonS} have a nice weekend everyone.  see you all monday.
01[15:29] [@Threei}  you too ron
01[15:29] [@Threei}  OK guys, lwet's have great relaxing long weekend
01[15:29] [@Threei}  happy Easter, see you on Monday!