Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: No Mayday for Steady Markets

Fri, 02 May 2014 16:28 PM EST

- After a rough start for stocks in April, the DJIA and S&P500 erased 3% declines to end the month higher by about 0.5% a piece, at or near record highs. The moves for the Nasdaq were even more extreme, as investors backed out of a wide spectrum of high-flying technology and biotech stocks. This week volatility in US and European markets dried up and equities saw steady if modest gains. Excellent UK GDP data, good German jobs numbers, incremental gains in Eurozone inflation and the monster US April jobs report supported the positive tone, while the weak US GDP reading was overlooked. The FOMC policy meeting was the least impactful in some time, with no notable changes except Kocherlakota withdrawing his dissent (as expected). Nearly two-thirds of S&P500 companies have now reported quarterly earnings, and with a few exceptions most of corporate America is meeting or beating profit expectations, even if revenue growth has been clearly anemic. In Ukraine, Kiev's offensive to reestablish control over its eastern provinces has more or less fallen flat and belligerent Russian rhetoric has only increased. On Monday, the US placed additional sanctions on a handful of Russian officials, none of whom were the chief actors in the Ukraine drama. For the week, the DJIA and the S&P500 each rose 0.9%, and the Nasdaq gained 1.2%.

- Most analysts are shrugging off the +0.1% advance Q1 GDP reading, citing the well-worn excuse of unusually severe winter weather. The focus has been on the consumption component of the first reading of Q1 GDP, which was +3.0%, roundly beating expectations, bolstered by a 4.4% jump in spending on services. The latter was due to the expansion of healthcare spending under Obamacare. Note that domestic investment (both residential and nonresidential), trade and government spending subtracted much more from growth than anticipated.

- The April jobs report greatly exceeded expectations with the 288K non-farm payrolls gain the strongest since January 2012. Gains were broad-based across sectors, including construction. Most importantly, nothing in the data suggests the increase in the payroll series was a statistical fluke. The same cannot be said for the unexpectedly steep decline in the unemployment rate to 6.3%. The three-tenths drop in joblessness did not reflect an increase in employment - as measured by the household survey employment actually fell by 73K - but rather the 806K workers reporting themselves as being out of the labor market, pushing the labor force participation rate down 0.4 points to 62.8%. Analysts highlight that this is a very noisy measure and will certainly be revised.

- Data out this week suggested that, like much else in the US economy, the housing industry will also bounce back from its winter weather slump. The pending home sales data saw its first positive m/m reading in nine months in March, widely beating expectations. Data out last week showed that existing home sales fell to their lowest levels in nearly two years in March, but the pending homes report suggests the downward trend may have run its course. While there is hope for further improvement in the housing market, it looks like there is little chance for housing reform in Washington, DC this year. The Senate Banking Committee scheduled an April 29th markup session for the GSE reform bill, but with committee work starting so late in the session there is little chance for much to get done before Congress shifts into full-on election mode.

- Federal prosecutors are planning criminal charges against BNP Paribas and Credit Suisse Group for separate alleged offenses, raising fears that one or both could possibly be forced out of the US market. The DoJ is seeking criminal charges against BNP for allegedly skirting economic sanctions against Iran, and charges against Credit Suisse for helping clients avoid taxes. Reportedly BNP faces charges of up to $2 billion, and while there are said to be discussions of ways to avoid revocation of the bank's New York charter in case of a guilty verdict, the Fed still might move to take away its licenses. Elsewhere in the annals of financial misbehavior, Bank of America disclosed an embarrassing error in calculating its capital ratios, forcing it to suspend capital returns to shareholders and redo its CCAR submissions to the Fed.

- Rising crude and natural gas prices were the trend in the first quarter, although not all of the global oil majors benefitted equally from the improved pricing environment. ConocoPhillips and Exxon reported much better-than-expected first quarter results, although Exxon's lower upstream production pulled profits down on a y/y basis while Conoco's higher production boosted its profits. Both beat consensus EPS estimates. Meanwhile, Chevron missed both top- and bottom-line expectations as production fell 2% y/y and weaker refining margins hurt bottom-line results. BP's profits slumped and revenue was down significantly as the company continues to shed assets. BP's profit from its Rosneft joint venture shrank by 75% in the quarter thanks to the Ukraine crisis weakening the ruble.

- April auto sales were mixed. General Motor's sales gained 6.9%, more than expected, Chrysler slightly topped expectations and Ford missed. A GM sales executive said retail demand was steady in the month as the economy continues to strengthen. Toyota and Nissan's sales were very strong, up 13.3% y/y and 18.3% y/y, respectively. Ford was the only major auto firm to report a decline in monthly sales, however truck sales remained very strong, with overall April sales +8%, twice the March gain. In addition, Ford announced that CEO Alan Mulally would step down as chief on July 1st. Over his eight-year term, Mulally transformed Ford from a money-loser to a thriving firm. He will be replaced by Mark Fields, the current chief operating officer.

- Pharmaceutical industry deal making continued after last week's big announcements. There were repeated reports that Allergan would make a second attempt to acquire Shire to fend off Valeant's $46-billion unsolicited bid, or even try to sell the company to Johnson & Johnson or Sanofi. AstraZeneca disclosed this week that back in January, Pfizer had offered £46.61/share to acquire the firm was rebuffed, and that Pfizer had renewed its approach. On Friday, Pfizer hiked its offer for AstraZeneca to approximately £50.00/share, valuing the firm at more than $106B. Forest Laboratories said it would buy Furiex Pharmaceuticals for $1.5 billion to get access to its gastrointestinal disease treatments. In other deal news, the contest to acquire Alstom's energy units is now between Siemens and General Electric, with bids said to be running around €11-12 billion.

- The eagerly awaited Eurozone April annualized CPI was slightly lower than expected, at +0.7% versus +0.8%e, while core was in-line at +1.0%. Recall that the March figure that really lit the fire under QE talk was a mere +0.5%, so the slight increase lent some credibility to ECB assertions that the Eurozone will avoid deflation. In a meeting with German legislators, President Draghi said there was still no chance of deflation in the Eurozone and that launching a QE program was only a distant possibility. EUR/USD traded in only a slightly broader range than last week, between 1.3800 and 1.3890.

- UK GDP saw its fifth consecutive quarter of growth in Q1, with the advance annualized figure at +3.1%, up from +2.7% in the final quarter of 2013. This was the highest annualized rate of growth seen in six years, and BoE Governor Carney said the data shows the UK is entering a sustainable recovery. GBP/USD hit a fresh 4-year highs above 1.6900 toward week's end.

- The Bank of Japan held pat in its policy statement out this week and cut its GDP forecast for the FY14/FY15 period to +1.1% from +1.4% prior, and maintained its inflation outlook for the period. This marked one year since the bank launched its ambitious program to double the monetary base and achieve 2% inflation within two years. The March labor cash earnings report - a closely watched gauge of consumer "cost-push" inflation from salaries - moved to a two-year high of +0.7%, giving government officials a reason to celebrate Abenomics. However, the April Markit manufacturing PMI saw its first contraction in over a year, with both output and new export orders components in contraction as well. USD/JPY spent most of the week locked in the 102 handle, only briefly surging above 103 in the immediate aftermath of the US jobs report on Friday.

TradeTheNews

May 02 2014

Jerky action in the morning dug a hole, afternoon was spent to fill it. Ended flat. Some days are like that.

Session Time: Fri May 02 00:00:00 2014
[08:50] {dptl} good morning
01[08:51] {@Threei}  morning dp
[08:55] {thomcbell} gm guys
01[08:56] {@Threei}  thom :)
[08:57] {dino} gm
01[08:57] {@Threei}  dino :)
[09:00] {Phil} gm all
01[09:00] {@Threei}  phil :)
[09:01] {dino} 3i, you'll appreciate this...spring time has officially arrived for me in north east pennsylvania. proof of this, a tee time today at 1:00.
01[09:03] {@Threei}  lol
01[09:03] {@Threei}  nathan would say you stress yourself too much
[09:05] {troub} good morning
01[09:05] {@Threei}  troub :)
[09:05] {dino} :)
[09:06] {dino} when golf becomes stressful, i will give it up.
01[09:06] {@Threei}  oh come on, don't be a quitter... endure
[09:08] {dino} if would have been better word
01[09:08] {@Threei}  :)
01[09:14] {@Threei}  finally: http://www.bbc.com/news/science-environment-27228416
[09:16] {Phil} interesting
01[09:17] {@Threei}  article mentions that it might have trading implications, and I am sure it is
01[09:17] {@Threei}  observed people losing on long side on some stoxk, and immediately trying to short it
01[09:17] {@Threei}  same idea
[09:18] {Phil} thats what I was thinking, next time i'm in a losing prosition im going to cut the lead on my mouse and hit it with a rock
01[09:19] {@Threei}  sounds about right
[09:22] {goinshort} morning all from rainy florida
01[09:22] {@Threei}  gs :)
[09:23] {RonS} gm
01[09:23] {@Threei}  ron )
[09:26] {cosmo} Tampa?
[09:28] {goinshort} panama city beach
[09:29] {ese} mornin
01[09:29] {@Threei}  today risk of a sudden market move is larger... Ukraine troops resumed operation in Slavyansk, center of separatists activity... if they start looking like suuceeding, that's pretext Russia needs to invade
01[09:29] {@Threei}  ese :)
01[09:30] {@Threei} Long Setup:  TZA  .15 break
01[09:30] {@Threei}  If holds  .05
01[09:31] {@Threei}  1:1
01[09:32] {@Threei} Short Setup: C  .75 break
01[09:32] {@Threei}  If holds  .85
01[09:32] {@Threei}  yuck
01[09:32] {@Threei}  no go
[09:36] {nathan} morning gents
01[09:36] {@Threei}  morning nathan
[09:36] {dino} expe hl l .15
[09:38] {dino} out expe .24, +1.09
[09:39] {dino} no takers?
01[09:39] {@Threei} Long Setup:  FB  .70 break hl break
[09:39] {nemo} spy likely to try for the premarket high
[09:39] {Alexs} gm
01[09:39] {@Threei}  If holds  .60
01[09:39] {@Threei}  ales :)
[09:40] {Alexs} what setup?
01[09:40] {@Threei}  Invalidated
01[09:42] {@Threei} Long Setup:  FB  .40 break hl
[09:42] {dino} open all over the tape
01[09:42] {@Threei}  If holds  .30
01[09:42] {@Threei}  Invalidated
01[09:43] {@Threei}  last one, .25 break
01[09:43] {@Threei}  If holds  .15
01[09:43] {@Threei}  invalidated too
01[09:45] {@Threei} Long Setup:  JPM  .10 break
01[09:45] {@Threei}  If holds  56
01[09:47] {@Threei}  Obama, Merkel to display unity against Russia
01[09:47] {@Threei}  Putin: I can't be third??
01[09:48] {@Threei}  stop to .04
[09:48] {dino} 1/3 germanys oil/gas comes from russia
01[09:48] {@Threei}  meh
[09:49] {dino} expe lod
01[09:49] {@Threei}  when have time, read this: http://www.themoscowtimes.com/news/article/merkel-says-world-war-horrors-underline-need-for-diplomacy-with-russia/499298.html
[09:49] {nathan} MSFT falling
01[09:50] {@Threei}  watching FB for pullback
01[09:50] {@Threei}  finally showed some green
01[09:50] {@Threei} Long Setup:  FB  .90 break hlf
01[09:50] {@Threei}  If holds  .80
[09:51] {dino} something seems off in markets
01[09:51] {@Threei}  hesitance...
[09:52] {dino} feels like big drop coming....maybe its just me
01[09:52] {@Threei}  no
01[09:52] {@Threei}  no go
01[09:53] {@Threei} Long Setup:  TZA  .05 break
01[09:53] {@Threei}  If holds  .95
[09:55] {ese} L wprt .49
[09:58] {thomcbell} akam looks vulnerable to profit taking after that down move
[09:59] {dino} out tza flat
[09:59] {ese} out wprt .52 +.03  was chasing it didn't do what i wanted
01[09:59] {@Threei}  *(US) MAR FACTORY ORDERS: 1.1% V 1.5%E
01[09:59] {@Threei}  stop to .99
01[10:01] {@Threei}  out
01[10:01] {@Threei}  not our morning
[10:01] {nathan} out
01[10:02] {@Threei} Long Setup:  DAL  .30 break
01[10:02] {@Threei}  If holds  .20
01[10:04] {@Threei}  valid still
01[10:08] {@Threei}  stop to .24
01[10:09] {@Threei}  what the deuce with turning around couple cents before target
01[10:09] {@Threei}  that would be a third trade doing that
01[10:10] {@Threei}  half out
01[10:10] {@Threei}  stop .29
01[10:10] {@Threei}  if that's what market does today, let's adapt
[10:11] {ese} L mack .33
01[10:11] {@Threei}  1:1
[10:12] {nathan} 1:1 tx Vad
01[10:12] {@Threei}  yw
[10:16] {thomcbell} akam
[10:16] {thomcbell} was too jumpy
[10:16] {troub} have to run, good to finish with a winner.have a good weekend all.
[10:16] {ese} atta boy troub
01[10:16] {@Threei}  take care troub, have a good one
01[10:17] {@Threei}  (UR) Ukraine acting Pres: Operations in Sloviansk are continuing, two Ukraine soldiers have died
01[10:20] {@Threei} Long Setup:  TZA  .80 break
01[10:20] {@Threei}  If holds  .73
[10:21] {Alexs} two sided?
01[10:21] {@Threei}  nah
01[10:21] {@Threei}  long or no play
01[10:29] {@Threei}  remember I said yesterday Putin appreciates IMF loans to Ukraine?
01[10:29] {@Threei}  Russia expects Ukraine to spend part of IMF loan toward clearing gas debt
01[10:29] {@Threei}  there
[10:30] {dino} like getting paid to invade
[10:31] {Alexs} I don't think it's in the plans of  Ukrainians
01[10:32] {@Threei}  no, they hope to steal it without paying anything to anyone
[10:32] {Alexs} lol
[10:32] {Alexs} that's what I  meant
[10:35] {nathan} will bounce TZA?
[10:36] {nathan} there's the answer
01[10:37] {@Threei}  if setup shapes up
[10:37] {nathan} broke the lod
01[10:37] {@Threei}  don't guess
01[10:40] {@Threei} Short Setup: GLD  .65 break
01[10:40] {@Threei}  If holds  .75
01[10:41] {@Threei}  1:1
[10:46] {Alexs} Actually Europa expects to get most of the money IMF gives to Ukraine http://www.reuters.com/article/2014/05/01/us-ukraine-crisis-debts-imf-idUSBREA400TS20140501
01[10:46] {@Threei}  Ukraine is very upset by all the competition
01[10:48] {@Threei}  drop came out of nowehere
[10:48] {nathan} dino, there it goes your perception
01[10:48] {@Threei}  no setup
01[10:48] {@Threei}  [09:29] {@Threei} today risk of a sudden market move is larger... Ukraine troops resumed operation in Slavyansk, center of separatists activity... if they start looking like suuceeding, that's pretext Russia needs to invade
[10:48] {nathan} and vad ;-)
[10:49] {nathan} didnt read it before
01[10:49] {@Threei}  I just wish there was any sign of reversal
[10:49] {nathan} hope si
[10:49] {nathan} so
[10:50] {ese} heck of a mrkt drop
[10:50] {dino} see that nathan
[10:50] {dino} but got sidetracked, no plays
[10:57] {nathan} watching AIG
01[10:59] {@Threei} Long Setup:  AIG  .50 break
01[10:59] {@Threei}  If holds  .40
01[11:00] {@Threei}  Invalidated
[11:00] {nathan} or short if breaks .40?
01[11:00] {@Threei}  nah'
[11:01] {dino} lol, got lucky. took some ibtx in last hour yesterday at 46.46, just sold 47.61, +1.15
[11:01] {nathan} still valid?
[11:01] {dino} things a bitch to get out of, major hooker
01[11:01] {@Threei}  nah'no
01[11:01] {@Threei}  no
[11:02] {Alexs} if ukrainian troops succeed that's pretext for Russian invasion if they fail that's pretext for peaceful annexation
[11:02] {dino} ngs spike
01[11:02] {@Threei}  exactly Alex
[11:02] {dino} too thin
01[11:02] {@Threei}  that's the position Ukraine is in
01[11:02] {@Threei}  damned if you do, damned if you don't
01[11:03] {@Threei}  either way country is getting ripped apart
01[11:03] {@Threei}  and moral of the story for the rest of the world is, never give up your nukes
[11:04] {dino} exactly
[11:04] {dino} peace thru strength
01[11:04] {@Threei}  the only lasting peace...
[11:08] {Alexs} In Europe only France and Great Britain have nuclear weapons and everybody else don't feel bad
[11:08] {thomcbell}     Friday, May 02, 2014 11:01:57 AM Alibaba.com Ltd Likely to file for IPO on Monday or Tuesday - Recode's Swisher on CNBC - Source TradeTheNews.com
01[11:08] {@Threei}  YHOO shot up
02[11:12] * Disconnected
Session Close: Fri May 02 11:12:42 2014

Session Start: Fri May 02 11:12:42 2014
Session Ident: #discussions
02[11:21] * Attempting to rejoin channel #discussions
03[11:21] * Rejoined channel #discussions
01[11:22] {Threei}  something with connection here
[11:22] {dptl} there you are
01[11:22] {Threei}  lost room and quotes
01[11:22] {Threei}  just now coming back
01[11:24] {Threei} Long Setup:  VXX  .35 break
01[11:24] {Threei}  If holds  .25
01[11:24] {Threei}  aggressive entry for .40
[11:24] {thomcbell} mpel looking for short setup
[11:24] {thomcbell} inverted cup and handle
[11:24] {thomcbell} or cup
[11:25] {dino} ese, lol
01[11:25] {Threei}  this VXX should be a larger trade, not a scalp
[11:25] {dino} calling it a good week, thx all, good luck into close
01[11:25] {Threei}  take care dino, see you Monday
[11:26] {dino} ty
[11:27] {thomcbell} mpel disregard
01[11:29] {Threei}  1:1
01[11:30] {Threei}  grrr... just a scalp
[11:31] {Alexs} not bad currently
01[11:31] {Threei}  really looked like major breakdown in SPY was coming
01[11:36] {Threei}  Interim President Oleksandr Turchynov said the Ukrainian forces' attack on the checkpoints in Sloviansk on May 2 left "many insurgents dead, wounded and arrested."
01[11:38] {Threei}  http://www.kyivpost.com/media/images/2014/05/02/p18muo40fj107i1urmr8an77one4/original.jpg
01[11:38] {Threei}  I am telling you guys... seeing this kind of images from your motherland is beyond surreal
01[11:46] {Threei} Short Setup: GLD  .30 break
01[11:46] {Threei}  If holds  .40
[11:47] {ese} am outta here stoped balnce mack .34 +/-.00  have a great weekend all
01[11:48] {Threei}  take care ese
[11:48] {nathan} have a great wekeend too. see you on monday
01[11:48] {Threei}  you too nathan
[11:48] {nemo} watch 62.10 area for yelp short
[11:50] {nemo} vrsn might be a long above .45 stop under .38  time of day rough
[11:54] {Alexs} are you in GLD Vad?
01[11:54] {Threei}  yes
[11:54] {nemo} well, now vrsn below .35 looks short because holding under .40
01[12:09] {Threei}  half out GLD
01[12:09] {Threei}  stop to .36
01[12:10] {Threei}  1:1
01[12:10] {Threei}  finally
01[12:11] {Threei}  1/4 more out
[12:12] {nemo} vrsn at .20 likely bounce around .16
01[12:19] {Threei}  stop .26
01[12:32] {Threei} Long Setup:  VXX  .15 break
01[12:32] {Threei}  If holds  .05
01[12:47] {Threei}  change to .10 break
01[12:56] {Threei}  not every day you see VXX unable to break 5 cents range
[12:56] {nemo} iwm forming pennant
[12:56] {nemo} right on the weekly pivot
01[13:02] {Threei}  ok
01[13:02] {Threei}  time
01[13:02] {Threei}  let's go VXX
01[13:03] {Threei}  BBc tightened
01[13:03] {Threei}  BBs too
[13:03] {Alexs} CNN too?
01[13:04] {Threei}  lol
01[13:04] {Threei}  before I met you lot, I had no idea bad humor is that contagious
[13:04] {Alexs} lol
01[13:06] {Threei}  that was last headfake, break and run now
01[13:10] {Threei}  half out
01[13:14] {Threei}  1:1
01[13:15] {Threei}  10 cents feel like a real feat, lol
[13:16] {nemo} August trading
[13:17] {Alexs} last August was very good
01[13:17] {Threei}  I don't think it's seasonal
01[13:17] {Threei}  I think it's big indecisiveness
[13:17] {nemo} it's all HFT's fault
01[13:17] {Threei}  but of course.... what isn't
[13:17] {nemo} Global warming too
[13:18] {Alexs} incom inequlity
[13:18] {Alexs} income
01[13:20] {Threei}  stubbed my toe yesterday in the dark... first thought was "damn HFT"
01[13:21] {Threei}  1/4 more out
01[13:23] {Threei}  stop .14
01[13:26] {Threei}  Alex, you read that article?
[13:27] {Alexs} which one?
01[13:28] {Threei}  http://www.themoscowtimes.com/news/article/merkel-says-world-war-horrors-underline-need-for-diplomacy-with-russia/499298.html
01[13:28] {Threei}  stop to .18 meanwhile
01[13:29] {Threei}  1:2
[13:30] {Alexs} what else they can say
01[13:30] {Threei}  well, point is, NATO membeship is not likely to protect Baltic countries very much
[13:30] {Alexs} no idon't see it like that
[13:32] {Alexs} if NATO won't protect their allies it will kill itself
01[13:32] {Threei}  yup
[13:32] {nemo} NATO is the US the rest are pussies
01[13:32] {Threei}  Europe has no guts to fight
01[13:33] {Threei}  and US is not willing to solve Europe problems without Europe participation anymore
01[13:33] {Threei}  they will sanction Russia, one person at a time
01[13:34] {Threei}  7 individuals sanctioned for Crimea... 20 more for Ukraine... 13 for Latvia...
01[13:34] {Threei}  etc
[13:34] {Alexs} Ukraine is not a NATO member, they had 20 years to get there just was to busy stealing others money that's the problem
01[13:34] {Threei}  by the time Russian empire is restored, maybe 300 will be sanctioned
[13:46] {RonS} lnkd set to run the 150.00 stops
01[13:47] {Threei}  closed VXX
[13:47] {thomcbell} UBNT 41 long break if holding 40.90
[13:48] {thomcbell} to nullify my so soon
[13:48] {thomcbell} invalidated
[13:48] {thomcbell} still watching it
01[13:58] {Threei} Long Setup:  TZA  .10 break
01[13:58] {Threei}  If holds  17
[14:02] {nemo} good bounce spot for rig
[14:05] {cosmo} Couldn't individuals on both sides be sanctioned?
[14:05] {cosmo} if that's the right word...
01[14:06] {Threei}  both sides?
[14:06] {RonS} add it as an Olympic event?
[14:06] {cosmo} east/west
01[14:06] {Threei}  meaning, Russia will ban HIllary's daughter from taking courses in Kaluga univercity?
[14:06] {cosmo} exactly  :)
01[14:06] {Threei}  hehe
[14:07] {cosmo} that's how it starts
[14:10] {nemo} this likely bottom in indexes
01[14:18] {Threei}  Security Council holds emergency Ukraine meeting
01[14:20] {Threei}  {Security Council} we might not have another chance as Ukraine is about to disintegrate, so why not, right?
01[14:23] {Threei} Long Setup:  IWM  .25 break
01[14:23] {Threei}  If holds  .15
01[14:24] {Threei}  change to .20 break
01[14:26] {Threei}  Invalidated
01[14:31] {Threei} Long Setup:  IWM  .10 break
01[14:31] {Threei}  If holds  112
[14:36] {thomcbell} nice call on bottom nemo
01[14:36] {Threei}  1:1
[14:40] {nemo} spy needs to hold above .15 or we might not have seen the bottom, but imo they keep it above 188 and gap up Monday to new all time highs
[14:40] {nemo} anybody want the winning megamillions numbers for tonight?
01[14:40] {Threei}  nah, just send me 10%
[14:41] {Alexs} lol
[14:41] {nemo} frickin' copper wire inventors
[14:42] {goinshort} thanks guys -cya
01[14:43] {Threei}  take care gs
[14:43] {nemo} think GS's last name is Blankfein?
[14:44] {Phil} Thanks Vad, have a great weekend guys
[14:47] {RonS} hey nemo, what decade did those "whadya call a man w/ no arms or legs in the/a..." jokes come around?
[14:47] {nemo} don't know, but phil set you off, huh?
[14:48] {RonS} ya:  whadya call a man with no arms or legs in a hole?...
[14:48] {nemo} Phil or doug
[14:49] {RonS} ...in a pool?
[14:49] {nemo} bob
[14:49] {RonS} cna never remember the answer to "hanging on a wall"?
[14:49] {nemo} Art
[14:49] {RonS} ah
[14:50] {RonS} and I always thought that was the funniest...
[14:50] {nemo} Why You Should Never, Ever, Question A Drunk...
[14:50] {nemo} Sally was shopping at the local supermarket where she selected:
[14:50] {nemo} A half-gallon of 2% milk
[14:50] {nemo} A carton of eggs
[14:50] {nemo} A quart of orange juice
[14:50] {nemo} A head of lettuce
[14:50] {nemo} A 2 lb. can of coffee
[14:50] {nemo} A 1 lb. package of bacon
[14:50] {nemo} While she was unloading my items on the conveyor belt to check out, a drunk standing behind her watched as she placed the items in front of the cashier.
[14:50] {nemo} While the cashier was ringing up the purchases, the drunk calmly stated, 'You must be single.'
[14:50] {nemo} She was a bit startled by this proclamation, but  was intrigued by the derelict's intuition, since she indeed had never found Mr. Right.
[14:50] {nemo} She looked at the six items on the belt and saw nothing particularly unusual about the selections that could have tipped off the drunk to her marital status.
[14:51] {nemo} Curiosity getting the better of her she said, 'Yes you are correct. But how on earth did you know that?'
[14:51] {nemo} The drunk replied, 'Cause you're ugly.
[14:51] {dptl} great...now i have to scroll
01[14:52] {Threei}  lol
[14:52] {RonS} whatever year that was, it was a good one...my recollection is that the "coyote love" jokes hit then too...
[14:52] {nemo} oh gawd
[14:54] {nemo} well we got cup and handles if the indexes gonna make vwap runs
01[14:55] {Threei} Long Setup:  AIG  .30 break
01[14:55] {Threei}  If holds  .20
[14:57] {nemo} finnies weak
[15:06] {dptl} have a good weekend all...see ya monday
01[15:06] {Threei}  half out
01[15:06] {Threei}  take care dp
01[15:08] {Threei}  1:1
01[15:08] {Threei}  digging out from morning hole
01[15:08] {Threei}  trade by trade...
[15:08] {nemo} slowly I turned
[15:08] {nemo} inch by inch
[15:08] {nemo} step by step
01[15:09] {Threei}  1:1  MORE  out
01[15:09] {Threei}  hmmm
01[15:09] {Threei}  let me try again
01[15:09] {Threei}  1/4 more out
01[15:09] {Threei}  there
[15:09] {nemo} http://goo.gl/4kojBW
01[15:10] {Threei}  lol
[15:12] {RonS} thanks for aig 3i, good one...have a nice weekend all
01[15:13] {Threei}  have a good one ron
01[15:30] {Threei} Long Setup:  TZA  .20 break
01[15:30] {Threei}  If holds  .20
[15:40] {Alexs} stop .10?
01[15:40] {Threei}  for now
01[15:40] {Threei}  will tighten soon'
01[15:42] {Threei}  .14 now
01[15:45] {Threei}  ok
01[15:45] {Threei}  no means now
01[15:45] {Threei}  thank you all, have a good weekend
01[15:45] {Threei}  see you Monday
[15:48] {thomcbell} gn all

May 01 2014

Flat day, which we started well with a few nice wins, but let them evaporate on a few too many stops in the afternoon. 

Session Time: Thu May 01 00:00:00 2014
[08:45] {cosmo} Silver getting cheap, fwiw
[08:46] {cosmo} ...below 19
01[08:46] {@Threei}  will be cheaper still...
[08:46] {cosmo} o
[08:46] {cosmo} k
[08:48] {Phil} good monrning all
01[08:48] {@Threei}  phil :)
[09:07] {nathan} good morning gents
[09:07] {thomcbell} look at coh daily and weekly chart
01[09:07] {@Threei}  nathan :)
[09:07] {thomcbell} 40 massive level
01[09:08] {@Threei}  double top or breakdonw followed by a horror movie, thom
01[09:08] {@Threei}  diouble bottom, sorry
[09:09] {nathan} wow too much news today
[09:09] {nathan} is it safe?
[09:10] {dino} gm
01[09:10] {@Threei}  dino :)
01[09:10] {@Threei}  what do you mean nathan?
[09:10] {goinshort} morning all!
01[09:10] {@Threei}  gs :)
[09:11] {nathan} with many companys publishing earnings before and after....
01[09:11] {@Threei}  what do you care? play setups
01[09:12] {@Threei}  it's not like you need to take position before earnings and wait to see how it turns out
[09:13] {dptl} good morning
01[09:13] {@Threei}  dp :)
[09:15] {nathan} yep but,...you're right. I may have the "false senstation" that opening a position when the co is publishing or have published earnings was not a good idea
[09:16] {dino} whatever you do, don't take position before earnings, lots of earnings reports are getting killed (5-20 pts)
01[09:16] {@Threei}  right
[09:16] {nathan} ok
01[09:16] {@Threei}  plus, why do you have to play those with earnings?
01[09:16] {@Threei}  trade any other
[09:17] {nathan} right
[09:21] {RonS} hello everyone
[09:21] {nathan} hi rons
01[09:21] {@Threei}  ron :)
[09:26] {dino} nathan, "better worlds" theory of trading
[09:26] {Alexs} gm
01[09:26] {@Threei}  alex :)
01[09:28] {@Threei}  watching TZA and GLD for opening trades (long and short correspondingly)
01[09:29] {@Threei}  unless something else jumps in
[09:30] {nathan} is that a book dino?
[09:30] {nathan} tlak about that later dino
01[09:30] {@Threei} Short Setup: GLD  .10 break
01[09:30] {@Threei}  If holds  .20
01[09:31] {@Threei} Long Setup:  TZA  .30 break
01[09:31] {@Threei}  If holds  .25
01[09:32] {@Threei}  valid
01[09:33] {@Threei}  1:1
[09:33] {thomcbell} watching cop for a double top
01[09:33] {@Threei}  nice and easy
[09:33] {nathan} 1:1
[09:33] {nathan} ty vad
01[09:33] {@Threei}  yw
[09:33] {dptl} out ty
01[09:33] {@Threei}  Invalidated  GLD
01[09:34] {@Threei}  1:2
01[09:34] {@Threei}  don't you love them when they behave like this
[09:34] {nathan} :-)
[09:35] {thomcbell} coh lovely
01[09:35] {@Threei}  out in full
01[09:35] {@Threei}  nice one thom
[09:37] {nathan} wow SLM
01[09:38] {@Threei} Short Setup: YHOO  36 break
01[09:38] {@Threei}  If holds  .10
01[09:39] {@Threei}  Invalidated
01[09:40] {@Threei} Short Setup: EBAY  .60 break hl
01[09:40] {@Threei}  If holds  .70
01[09:41] {@Threei}  TZA .50 exit was just right
[09:42] {Les} got DAS feed issues here
[09:44] {dino} slm hl l .20 stop lod
01[09:44] {@Threei}  *(US) APR FINAL MARKIT MANUFACTURING PMI: 55.4 V 55.4E
01[09:46] {@Threei} Long Setup:  FB  .10 break hl
01[09:46] {@Threei}  If holds  61
01[09:47] {@Threei}  1:1
[09:49] {dino} fb swing stop to .96
01[09:49] {@Threei}  1:2
01[09:50] {@Threei}  1:3
01[09:50] {@Threei}  out
[09:50] {dino} \gj
[09:51] {nathan} gj
01[09:51] {@Threei}  ty
[09:51] {nemo} fb problbaly going to .60ish and then maybe the whole
[09:54] {thomcbell} cop
[09:54] {thomcbell} didnt work how i thought but man
[09:57] {thomcbell} coh 43.57 short break
[09:58] {thomcbell} 1:1
[09:58] {dptl} sbux .45 short?
01[09:59] {@Threei}  no
[09:59] {dptl} k
[09:59] {Les} ebay .50 long?
01[09:59] {@Threei}  *(US) MAR CONSTRUCTION SPENDING M/M: 0.2% V 0.5%E
01[09:59] {@Threei}  *(US) APR ISM MANUFACTURING: 54.9 V 54.3E; PRICES PAID: 56.5 V 59.5E
[10:00] {Les} nope
01[10:00] {@Threei}  EBAY, tough... not sure
[10:00] {thomcbell} coh 1:2
[10:00] {dino} smr l yrcw .44
[10:00] {thomcbell} hds 26 short break if holding 26.10
[10:01] {nathan} stoped at SLM
[10:02] {dptl} nbr .20  break short?
[10:02] {dino} slm stop -.11
01[10:03] {@Threei}  no read NBR
[10:04] {dptl} ahh..i got in on .20 break
[10:04] {dino} jah crazy daily
[10:05] {Les} dip buyers are getting bolder. SPY 188 bounces again. wiating for another entry
[10:05] {dino} ocn smr l .04
[10:07] {dino} ocn stop .79 -.25
01[10:07] {@Threei} Long Setup:  YHOO  .25 break
01[10:07] {@Threei}  If holds  .20
[10:08] {dino} ocn f'ng rinse
[10:09] {dino} prlb drop
01[10:15] {@Threei}  meh
[10:15] {dptl} stopped yhoo
[10:16] {dino} out fb swing .96 from monday, +4.21
01[10:16] {@Threei}  too bad... was once step from 1:1 when market suddenly lost will to live
01[10:16] {@Threei}  wtg dino
[10:16] {dptl} out nbr +.12
[10:16] {Alexs} nice trade dino
[10:16] {dino} ty
[10:17] {dino} prlb smr l ave .10
[10:17] {ese} mornin....anyone filthy rich yet......
[10:17] {dino} pulp
01[10:17] {@Threei}  same market drop saved your NBR, dp :)
01[10:17] {@Threei}  hey ese
01[10:17] {@Threei}  dino is
[10:17] {nathan} gj dino!!!
[10:17] {dino} lucky on fb swing
[10:17] {ese} mornin vad
[10:17] {nathan} how many shares?
[10:17] {dino} 600
[10:18] {nathan} wow
[10:18] {dino} rgr spike
01[10:18] {@Threei}  nathan hasn't seen ese share sizes yet :)
[10:18] {ese} vad...had you ever been in Crystal gardens when you first moved here....it used to be a tropical forest
[10:19] {nathan} :-)
01[10:19] {@Threei}  they weren't when I did... it was before my time
[10:19] {ese} am meeting victoria former mayor Alan Lowe down there in about 45 minutes
[10:19] {ese} he's the organizer of a 100th anniversary celebration that my high school band is a part of
[10:21] {ese} anyway....just poping in to say hello to you all....have a great everyone.....hopefully be here tomorrow
01[10:21] {@Threei}  we will be here ese
[10:21] {ese} indeed
01[10:26] {@Threei} Long Setup:  TZA  .55 break
01[10:26] {@Threei}  If holds  .50
[10:27] {dino} eqm spike
[10:29] {dino} out yrcw .84, +.40
01[10:31] {@Threei}  wtg
01[10:32] {@Threei}  meh
[10:32] {dptl} stopped tza
[10:32] {dino} ty
[10:34] {dino} damn fb stop was too tight
01[10:37] {@Threei} Short Setup: DAL  .40 break
01[10:37] {@Threei}  If holds  .50
[10:41] {dino} sm smr l .00
[10:41] {thomcbell} fnsr 25.68 long break if holding 25.60
[10:42] {dino} out prlb flat
01[10:44] {@Threei}  let's trail to .46
[10:46] {thomcbell} fnsr 1:2
[10:48] {thomcbell} took the trade in fnsr
[10:49] {dino} gj
01[10:51] {@Threei}  gosh, come on already DAL
01[10:51] {@Threei}  1:1
01[10:51] {@Threei}  stop .41
[10:55] {dino} sm to .42
[10:56] {dino} out sm .41, +.41
[11:00] {dino} ibtx drop
[11:09] {dptl} out dal ty
01[11:10] {@Threei}  1:2
01[11:10] {@Threei}  yw
[11:11] {dino} gj
01[11:12] {@Threei}  ty
[11:14] {dino} myl gap fill
[11:16] {goinshort} out dal - thanks
[11:17] {dino} myl smr l .75
[11:19] {dino} stmp soike
[11:22] {dino} myl stop -.35
[11:25] {thomcbell} hs 79.26 long break if holding 79.16
[11:29] {dptl} do you like M short Vad? .80 break?
[11:30] {thomcbell} hd 1:1
01[11:31] {@Threei}  yup, nice chart
01[11:31] {@Threei}  yw gs
[11:31] {thomcbell} hd 1:2
[11:31] {dino} myl last try hl l .69
[11:31] {dptl} if holds .90
[11:32] {dino} ibtx blood, thin
[11:32] {dptl} no inval.
[11:33] {thomcbell} stop on hd to 79.44 on balance
[11:33] {dino} azn spike
[11:35] {thomcbell} hd 1:3
[11:35] {dino} azn smr s .46
[11:37] {dino} out myl .94,
[11:37] {dino} +.25
[11:38] {dino} azn news?
[11:40] {dino} cov azn .76, +.70
01[11:47] {@Threei}  AstraZeneca Plc Pfizer said to be considering raising offer for the company to higher than $106B, with an increased cash component
01[11:48] {@Threei}  DAL baby
01[11:48] {@Threei}  out in full
01[11:48] {@Threei}  1:3 is close enough
[11:48] {Phil} nice :)
01[11:48] {@Threei}  took its sweet time
[11:53] {dino} thx vad, out already
01[11:54] {@Threei}  :)
[11:57] {Les} yhoo
[12:00] {dptl} watching m again
[12:04] {dino} vrtx spike
[12:04] {dptl} Vad, do you like coh 44 break short?
01[12:05] {@Threei}  I do
01[12:05] {@Threei}  just respect lunch time
01[12:05] {@Threei}  half lot maybe?
[12:06] {dptl} k
01[12:06] {@Threei}  IMF says Ukraine needs modified bailout if it loses the east
[12:06] {thomcbell} if or when
01[12:06] {@Threei}  heh... remember once the world was all riled up about Crimea?
01[12:06] {@Threei}  no one even talks about it anymore
01[12:07] {@Threei}  now they started admitting it's possible for Ukraine to be broken up
01[12:07] {@Threei}  next, they will inform Russia that they don't recognize those parts as part of Russia
01[12:07] {@Threei}  and next yet, everyone stops talking about it
01[12:08] {@Threei}  and thom, as far as I can see, it's not IF... I even tnink I can answer "when" question
[12:08] {dptl} i'll keep .06 stop on coh
01[12:09] {@Threei}  Kerry says US know exactly who is ordering the separatists in Ukraine
01[12:09] {@Threei}  really... is it that cimplicated?
[12:10] {Phil} I don't know why they can't just have a UN monitored referendum
[12:11] {Les} I like what armstrong says on Kerry
01[12:11] {@Threei}  because they wouldn't be able to make it 93% then, Phil
01[12:12] {@Threei}  don't assume Putin is interested to find out what they really think
[12:12] {Les} http://armstrongeconomics.com/2014/04/29/kerry-said-nato-territory-will-be-defended-to-every-inch/
01[12:12] {@Threei}  he simply needs a pretext, and he creates it
[12:13] {Alexs} where did you raed it about IMF remarks Vad?
[12:13] {Alexs} raed = read
01[12:14] {@Threei}  http://www.reuters.com/article/2014/05/01/us-ukraine-crisis-imf-idUSBREA400J520140501
[12:15] {Alexs} Oh, so they are planning to give them more money in that case )
01[12:16] {@Threei}  and Putin says "hey, that's a great idea! I will happily take that!"
[12:16] {Alexs} rofl
[12:16] {Les} yeh american taxpayers are paying for it
01[12:17] {@Threei}  I have to say, IMF is a rare collection of imbeciles
[12:17] {Alexs} But listen, it could be interesting for new ukraine gov as well
01[12:17] {@Threei}  they do hope to manage to steal some before they lose whole country, sure
[12:18] {Alexs} lol
01[12:18] {@Threei}  good article Les
[12:18] {nemo} elephants flying?
01[12:18] {@Threei}  as I usually do, I find Armstrong figuring it out exactly right
01[12:19] {@Threei}  and I have answer to this rhetorical question of his:
[12:19] {Les} I like him cause he don't need the money. just scared shitless for his kids like other intelligent people
01[12:19] {@Threei}  Once Russia believes it is invincible, who is then next?
[12:20] {nemo} Afghanistan
[12:20] {dino} lol, let them have it
01[12:20] {@Threei}  Moldova, Latvia, Lithuania, Estonia, probably north of Kazakhstan
[12:20] {nemo} Alaska
01[12:20] {@Threei}  he won't stop until he is stopped
[12:20] {dino} ibtx may be getting ready to bounce, hooker
01[12:20] {@Threei}  they just don't understand him and his thinking
01[12:21] {@Threei}  troub, welcome aboard
[12:23] {RonS} troubLE in river city?
[12:24] {troub} Thank you.  Couldn't wait till June 1.  Too much oppertunity here.
[12:24] {nemo} and free entertainment
01[12:24] {@Threei}  :)
[12:24] {troub} Ron actually on the Neches River in Texas.
[12:25] {nemo} near where?
[12:25] {troub} And I hope to be no trouble.
[12:25] {troub} Beaumont
[12:25] {nemo} ahh
[12:26] {troub} hot, humid and great Cajun food
[12:26] {dino} ibtx smr l .25 risky
[12:26] {RonS} big bidness around there...
[12:26] {dino} glad to see you stayed troub
[12:26] {troub} thanks.
[12:27] {RonS} so troub, when did conn's move to Houston?
[12:29] {troub} Short time ago.  Still have some central office here for a while but lots of movement to Houston.
01[12:29] {@Threei}  dp, you covered COH?
[12:31] {nemo} cvx
[12:32] {nemo} it held that 125 level and dropped it now it's gonna retest it
[12:36] {Alexs} Vad, I don't think Putin believes that Russia is invincible he's just taking exactly what he knows nobody will defend
[12:37] {dino} alexs, putin knows obummer has no balls to stop him
01[12:37] {@Threei}  yup
[12:38] {Alexs} but he will never move to Baltic countries because they are in NATO
01[12:38] {@Threei}  I dunno about that... he knows no one wants war
[12:38] {dino} never say never
01[12:38] {@Threei}  he will test their resolve
[12:39] {dptl} ye i am out coh Vad, not where i wanted but its ok
[12:44] {RonS} lol, hey troub Tabasco has 25% off on gallons on their website...
[12:46] {troub} That will last a lot cooks around about a week.
[12:46] {RonS} only problem i see is getting it into any other container...and, if you spill it does it eat the floor?
[12:46] {troub} no, you build an immunity.  But watch out for the floor.
[12:47] {RonS} lol
[12:48] {RonS} actually the green sauce is mild and just tasty...not enough stores sell it around here...may go for the gallon...
[12:49] {RonS} the costco red sauce size lasts me about 2 years
[12:51] {dino} insanechicken.com has some good sauces
[12:56] {RonS} insanebunny.com has a stalker named nemo...
[12:56] {nemo} well bunny is female
01[12:57] {@Threei}  lol
[12:57] {nemo} so May Day  Europe closed and I doubt anybody will show up for work tomorrow
[13:00] {Les} oh come one we ain't all dole bludging sleazy communists
[13:02] {nemo} Les, found a picture of some of your old girlfriends:  http://goo.gl/AhNHrY
[13:05] {RonS} rotflol
[13:05] {Les} god bless 'em all
[13:05] {Les} still not  acrime in siwtzerland
[13:05] {Les} shit swatey habnds keyboard slipping
[13:08] {RonS} As many as 1,000 gunmen have seized buildings in more than 10 cities in eastern Ukraine: http://bloom.bg/1nM9jRw  pic.twitter.com/nycQd1vNQE
01[13:09] {@Threei}  footage on fox right now
01[13:09] {@Threei}  storming of the building
01[13:12] {@Threei}  full blown military exercise in Kiev yesterday - training of protection of the administrative buildings
01[13:13] {@Threei}  they are preparing for Kiev to be a last stand
[13:13] {Les} 1k gunmen, that's a big gang
[13:13] {Les} ...
01[13:14] {@Threei} Long Setup:  VXX  .10 break hl
01[13:14] {@Threei}  If holds  40
01[13:15] {@Threei}  alternatively, take half lot here
01[13:15] {@Threei}  .06
01[13:15] {@Threei}  add half on .10 break
01[13:15] {@Threei}  and consider .16 - .17 to be 1:1
[13:17] {dino} tough to get out of hooker, out ibtx .00, +.75
[13:18] {RonS} never could get in...was not gonna tie 2X4 to rear end and jump...
[13:19] {dino} lol, but it worked out well
01[13:24] {@Threei}  Associated Press: NATO official says Russia now an adversary
[13:24] {Alexs} took a long time
01[13:24] {@Threei}  no kidding, Putin never thought any different
01[13:25] {@Threei}  but the idea just penetrated their thick skulls
01[13:25] {@Threei}  Vladimir Putin appears determined to disrupt the May 25th presidential elections in Ukraine.
01[13:25] {@Threei}  wrong
01[13:25] {@Threei}  he doesn't mind at all, it's just that it will be elctions of president of non-existing state
01[13:26] {@Threei}  if they elect president of Burkina-Faso in Kiev on May 25, he will be just as pleased
[13:27] {Alexs} I think Putin just consider himself as a main candidate
01[13:28] {@Threei}  well, his elections end with 142%
01[13:28] {@Threei}  93% in Crimea was a total epic failure
[13:29] {troub} Remember Hitler invading Czechoslovakia to "protect" the ethnic German people? 1938 or 39
[13:29] {dptl} dal .20 short?
01[13:30] {@Threei}  yup, sudetland
01[13:30] {@Threei}  hl, dp, yes
[13:31] {dptl} ok
01[13:31] {@Threei}  May 1 parade on Red Square, alex... first time since USSR breakup
01[13:31] {@Threei}  1:1  VXX  if you took my two-stage entry version
[13:33] {dino} troub, same line being used by putin
[13:36] {dino} taking break
[13:38] {dptl} dal inval. for now
[13:41] {Alexs} yeah Vad, they are crazy, can't believe it
[13:44] {dptl} watching dal again
[13:44] {Alexs} took just 20 years, new generation of Russians still don't know what does it mean to live in the USSR
01[13:46] {@Threei}  they'll find out...
[13:47] {dptl} in dal
[13:47] {dptl} hl
01[13:50] {@Threei}  VXX again
01[13:51] {@Threei}  1:1  DAL
[13:51] {dptl} yes
[13:52] {thomcbell} look at aal vad
[13:52] {thomcbell} that thing is still up big
01[13:53] {@Threei}  a bit more volatile than DAL
01[13:54] {@Threei}  other than that, looks tradeable
01[13:56] {@Threei}  1:1  VXX  for standard entry
[13:57] {Les} nice on dp thanbks man
[13:57] {dptl} yw all out
01[13:58] {@Threei}  1:2  VXX  (combo entry)
[13:58] {Phil} all out vxx, thanks Vad
[13:58] {dptl} so jumpy that dal today......must be turbulence
01[13:59] {@Threei}  phil :)
01[14:03] {@Threei}  Ron
01[14:03] {@Threei}  dp takes lessons from you
[14:03] {dptl} ?
01[14:04] {@Threei}  13:58] {dptl} so jumpy that dal today......must be turbulence
01[14:04] {@Threei}  he is yellow to be sure, but we all started somewhere
[14:04] {dptl} oh...lol
[14:04] {RonS} green?
01[14:05] {@Threei}  well yes, but during serious turbulence takes yellow tint
[14:15] {dptl} low .40 break short ?
01[14:16] {@Threei}  not sure
[14:16] {dptl} ah...i got in
[14:22] {thomcbell} looking for some sort of relief rally in fnsr here
[14:26] {thomcbell} i nibbled on it long
[14:31] {RonS} for some reason that word grates me...just sayin
[14:32] {thomcbell} fnsr 25.39 long breaka if holding 25.30
[14:32] {RonS} if someone used that face to face wouldn't you just want to smack them?  :)
01[14:33] {@Threei}  hmmm
01[14:33] {@Threei}  you have strangely high tolerance threshold, Ron... I want to smack many peiople for much less than that
[14:34] {RonS} lol
[14:34] {Les} ebay interesting
[14:35] {dino} .
[14:38] {nemo} wtf...my download speeds have doubled
01[14:39] {@Threei}  oops... I forgot the "throttle nemo" button....
[14:39] {nemo} weird...only paying for half that
01[14:40] {@Threei}  sorry guys, now he can insult everyine twice as fast
[14:41] {thomcbell} this hds is one to watch - trades incredibly well in the face of a big secondary print
[14:42] {dptl} i am out low flat
01[14:43] {@Threei}  good idea... low fat products are usually harmful for your health
[14:43] {dptl} lol
[14:43] {dptl} and its just drop
01[14:44] {@Threei} Long Setup:  TZA  .55 break
01[14:44] {@Threei}  If holds  .45
01[14:44] {@Threei}  wityh trail to .49 after .60 break
[14:47] {dptl} in tza
01[14:50] {@Threei}  nah
[14:50] {dptl} out
01[14:50] {@Threei}  (US) Dept of Health and Human Services (HHS) totals Affordable Care Act (Obamacare) enrollments through the open enrollment period through April 19; Approximately 13M signed up for public and private insurance- 8M selected private plans through the marketplaces, 4.8M selected the public medicaid insurance program - 28% of enrollees aged 18-34 - 85% of enrollees requested financial assistance
01[14:51] {@Threei}  lol... and who will finance these 85%?
[14:51] {thomcbell} out fnsr
[14:55] {dptl} gm .85 short?
01[14:56] {@Threei}  too narrow...
01[14:56] {@Threei} Short Setup: C  .62 break
01[14:57] {@Threei}  If holds  .70
[15:02] {dptl} in c
[15:17] {dptl} now its hard to beleive its going to work
[15:17] {dptl} db
01[15:18] {@Threei}  nah
[15:18] {Phil} shame, such a pretty C&H
[15:19] {dptl} ahh....boy oh boy....just feeding broker today
[15:29] {dino} abtl spike
[15:35] {Les} guys outta here again. Not trading until some clear direction comes along. Working nights, sleeping days, wanna be doing something else besides fronting a screen in between. Maybe downtrend, more likely ATH breakouts but don't wanna sit on chop here thru end of summer
[15:35] {goinshort} thankas
[15:35] {Les} a+
[15:35] {goinshort} thanks all -cya
01[15:35] {@Threei}  take care Les, gs
[15:35] {dino} cya les and gs
[15:38] {Alexs} Clear dirction was in the USSR only
01[15:40] {@Threei}  lol
01[15:40] {@Threei}  and for 5 years only
[15:41] {nathan} good night sirs, I enjoyed todays session
01[15:41] {@Threei}  take care nathan
[15:42] {nathan} btw dino what's the name of the book u mention?
[15:42] {nathan} at the very begining of the morning?
[15:43] {Alexs} bible?
[15:43] {nathan} lol
[15:43] {dptl} short mdt
[15:43] {nathan} the bible of the trading?
[15:43] {Alexs} :)
01[15:44] {@Threei}  not a book, nathan
01[15:44] {@Threei}  he just quoted a phrase from one of Stephen King novelsm
[15:44] {Alexs} should read it instead of trading
01[15:44] {@Threei}  "there are better worlds than this,"
01[15:44] {@Threei}  meaning, there is always better stock tp pick if this one doesn't behave
[15:44] {nathan} ok thanks for clarifyin
[15:45] {nathan} have a good night
[15:45] {dino} nathan, not a book, just one of my edges, "better worlds". i go where others do not
[15:46] {nathan} thanks dino.
[15:54] {dptl} no..no time..unless it drops now mdt
[15:55] {troub} good night all
[15:55] {Alexs} gn troub
[15:55] {Phil} Thanks Vad, cya guys
[15:55] {dino} gn all, thx for ideas
01[15:55] {@Threei}  thank you all, have a good evening
01[15:55] {@Threei}  see you tomorrow

Apr 30 2014

Not very active day, especially for a FOMC day - quite muted reaction on announcement. We did well however, finding a few nicely profitable trade and staying firmly in black. 1:3 on FB, good DAL trades and a few others. 

Session Time: Wed Apr 30 00:00:00 2014

[08:35] {dino} gm

[08:48] {thomcbell} gm dino

01[08:48] {@Threei}  dino, thom :)

[08:53] {dptl} good morning

01[08:53] {@Threei}  dp :)

[09:03] {Phil} good morning

01[09:03] {@Threei}  phil :)

[09:05] {Phil} found this quite amusing regarding the Ukraine situation

[09:05] {Phil} http://www.independent.co.uk/incoming/article9210040.ece/alternates/w1024/daily-cartoon-20140322.jpg

01[09:07] {@Threei}  looks about right

[09:07] {nemo} good times always slip away and _troub(le) always stays ;-)

[09:13] {RonS} howdy dudies

[09:14] {nemo} bathroom humor?

01[09:14] {@Threei}  ron :)

[09:15] {Alexs} gm

01[09:15] {@Threei}  alex :)

[09:23] {_troub} good morning all

[09:24] {ese} morning

01[09:24] {@Threei}  troub, ese :)

[09:24] {ese} maybe i get a chance to make a trade today......wow wouldn't that be nice

[09:24] {ese} no looming business that I can see

[09:25] {RonS} in canada isn't it looning business?

01[09:26] {@Threei}  lol

[09:28] {ese} indeed it is ron indeed it is

01[09:32] {@Threei} Long Setup:  TZA  .80 break

01[09:32] {@Threei}  If holds  .70 

01[09:35] {@Threei}  1:1  

[09:35] {ese} nice one vad

01[09:36] {@Threei}  moderately nice for now... want one more leg to qualify it as fully nice

[09:36] {dptl} out .90 ty

01[09:36] {@Threei}  yw

01[09:36] {@Threei}  nah, just a scalp

01[09:39] {@Threei} Long Setup:  EBAY  .10 break hl

01[09:41] {@Threei}  1:1  

01[09:41] {@Threei}  nervous trade

01[09:42] {@Threei}  1:2  

[09:42] {nemo} yeah, spread variable

01[09:42] {@Threei}  that's why hl

01[09:42] {@Threei}  1:3  

01[09:42] {@Threei}  out

[09:42] {nemo} numbers in 2

01[09:43] {@Threei}  so, out just in time

[09:43] {Phil} nice trade, thanks

01[09:43] {@Threei}  thanks, forgot about those

01[09:43] {@Threei}  will sit out numbers

01[09:43] {@Threei}  yw phil

01[09:44] {@Threei}  (US) Preview: Apr Chicago Purchasing Manager expected at 09:45 ET (13:45 GMT)- Consensus expectations: 57.0e v 55.9 prior (**Note: March reading was lowest since Sept 2013)

01[09:44] {@Threei}  *(US) APR CHICAGO PURCHASING MANAGER: 63.0 V 57.0E

[09:46] {dino} trla hl l .89

01[09:46] {@Threei}  interstingly. WMT more and more trades opposite to SPY

01[09:48] {@Threei} Long Setup:  DAL  .10 break hl

01[09:48] {@Threei}  If holds  37 

[09:50] {nemo} that was difficult

01[09:51] {@Threei}  stop to .04

01[09:51] {@Threei}  not liking this SPY sharp drop

[09:51] {nemo} frickin' fed day

01[09:52] {@Threei}  out

[09:52] {dptl} out dal

01[09:52] {@Threei}  2 cents from 1:1

[09:54] {dino} cnqr smr l .69

01[09:55] {@Threei} Short Setup: WMT  .70 break

01[09:56] {@Threei}  If holds  .75 

[09:57] {dino} out trla .19, +.30

01[09:59] {@Threei}  nice

[10:00] {dino} out cnqr .49, +.80

01[10:01] {@Threei}  almost triple as nice

[10:01] {dino} ty and ty

01[10:01] {@Threei}  couldn't you get .90 to save me typing this "almost"

01[10:01] {@Threei}  ?

[10:01] {dino} could've but sell was in and i was to slow on the change

01[10:02] {@Threei}  how unthoughtful of you...

01[10:02] {@Threei}  wow DAL

01[10:02] {@Threei}  there was no short setup that I could see... too bad

[10:05] {nemo} yhoo maybe bounce time, should be getting the Ali Baba flying carpet treatment soon

[10:06] {Les} huh?

[10:07] {dino} cnqr smr l .55

01[10:08] {@Threei}  fall, I thought?

01[10:08] {@Threei}  or I confuse something?

[10:09] {Les} thanks bunny boy

[10:09] {Les} scalped

[10:10] {dino} cnqr stop is lod

01[10:14] {@Threei}  meh

[10:15] {dino} out cnqr .05, +.50

01[10:18] {@Threei}  somg

[10:19] {thomcbell} aal 35.40 long break 

[10:20] {thomcbell} if holding 35.30

[10:21] {thomcbell} nope

[10:22] {RonS} took cnqr 74.85 ave out 79.95 +1.10  thanks dino, nice find

[10:22] {RonS} 75.95 bad typo

[10:23] {dino} cnqr .15 wall

[10:24] {dino} trig imo

[10:25] {Phil} TZA inv. C&H forming?

[10:25] {dino} giddy-up

01[10:25] {@Threei}  TZA is not shortable

01[10:25] {@Threei}  you'd have to buy TNA on that idea

[10:26] {Phil} oops

[10:26] {dptl} i was actualy short tza two days ago

01[10:26] {@Threei}  which has right chart but much more volatile

01[10:26] {@Threei}  really? something changed then

01[10:26] {@Threei}  hah, you are right

01[10:26] {@Threei}  shows available

01[10:27] {@Threei}  that's new

[10:27] {dptl} yep not intended but it filled my offer...i forgot to cancel

[10:29] {dino} cnqr stop .01 -.14

[10:31] {thomcbell} aal still watching 

[10:33] {dino} cnqr smr l .00 pulp

[10:34] {dino} out cnqr .55, +.55

[10:35] {dino} damn too soon

01[10:51] {@Threei} Long Setup:  FB  .40 break

01[10:51] {@Threei}  If holds  .30 

01[10:52] {@Threei}  1:1  

01[10:54] {@Threei}  Dark Matter Could Send Asteroids Crashing Into Earth, otentially causing mass extinctions like the cataclysm that ended the Age of Dinosaurs, Harvard Scientists Say

01[10:54] {@Threei}  finally

[10:54] {Les} count me in

[10:55] {Alexs} nice to be paid for that kind of predictions

01[10:56] {@Threei}  yes, precision is really high - such event may occur within nearest 30-40 million years they said

[11:00] {Les} why dark matter? why not just klingons or some other baddy?

01[11:01] {@Threei}  I think they started with Kryptonite... at the end decided dark matter had the best ring to it

[11:02] {dino} hmmm, 30-40 m years, what to do in the meantime.

01[11:05] {@Threei}  not a problem for our neck of the woods

01[11:05] {@Threei}  we are waiting for a big earthquake, any moment nearest 500 years

[11:07] {Alexs} how it was last time in BC Vad?

01[11:07] {@Threei}  well, I was really yong back then...

01[11:07] {@Threei}  young too

[11:07] {Alexs} lol

01[11:08] {@Threei}  January 26, 1700

01[11:11] {@Threei}  look at this precision:

01[11:12] {@Threei}  In the case of the Juan de Fuca plate, seismologists know that a large earthquake occurs roughly between 200 to 850 years apart. And by ‘big one,’ seismologists mean a magnitude-9. The last one was in 1700, which means that, statistically, B.C. could expect one.

01[11:12] {@Threei}  “We’re right in that window, where certainly we should be prepared for one of those earthquakes.”

[11:14] {dino} sm? beats?

01[11:16] {@Threei}  one thing is certain: there is a mad rush among local university folks studying earthquakes - every time their grant expires, and they need another one. All kinds of scary articles appear, reporters are invited to their labs to film them running from room to room with very very concerned look

01[11:16] {@Threei}  yes dino, yesterday after bell

[11:16] {RonS} sm was right at resistance and w/ oil sub $100 why not sell it off...

[11:16] {dino} ok, can't find much on it, just the beat

[11:19] {thomcbell} azpn trading below vwap and 43 could be a break level

[11:20] {thomcbell} all things considered however it trades pretty well

01[11:23] {@Threei} Long Setup:  FB  .15 break

01[11:23] {@Threei}  grrr

01[11:23] {@Threei}  lol

01[11:23] {@Threei}  exploded while I typed

01[11:23] {@Threei}  ok, in on pullback

01[11:24] {@Threei}  stop under .05

01[11:25] {@Threei}  to .09

01[11:26] {@Threei}  1:1  

01[11:27] {@Threei}  1:2  

01[11:30] {@Threei}  1:3  

01[11:30] {@Threei}  out

[11:30] {Phil} ty

01[11:30] {@Threei}  yw

[11:31] {_troub} thanks.   walked in door, grabbed and heading back out.

01[11:31] {@Threei}  lol

[11:31] {_troub} is that hit and run?

01[11:31] {@Threei}  drive by trading

01[11:33] {@Threei}  Prosecutor says Yanukovych cost Ukraine up to $100 billion

01[11:33] {@Threei}  hmmm... I think Obama has him beat

[11:35] {RonS} wrld of hurt

01[11:36] {@Threei}  not bad

[11:37] {Alexs} honestly I think it's a bull... about Yanukovich if he stole that amount of money Ukrain just disappeared

01[11:37] {@Threei}  sorry alex, not sure what you are saying

01[11:38] {@Threei}  try again pls :)

[11:38] {Alexs} it's more money than Ukrain had in total

01[11:38] {@Threei}  no, not really

01[11:39] {@Threei}  this is not some kind of total laying in the bank

01[11:39] {@Threei}  it's ongoing contracts - mostly gas

01[11:39] {@Threei}  supplies from Russdia to Europe via Ukraine

01[11:39] {@Threei}  schemes of making money from that were designed by Timoshenko in the beginning of 1990'

01[11:40] {@Threei}  to be exact, by people behind her

01[11:40] {@Threei}  and in insignificant variations, worked ever since

01[11:41] {@Threei}  add military supplies from several major factories, coal from Donbass

01[11:41] {@Threei}  and you have quite substantial money flow

[11:41] {Alexs} yes I understand it but to skim $100bln you need much more time than 4 years

01[11:42] {@Threei}  well, if he stole 50B and they now want to mask their own stealing under his total... :)

[11:42] {Alexs} rofl

01[11:43] {@Threei}  the thing is, Ukraine x-USSR history is not an honest ruler-thief-honest-thief

01[11:43] {@Threei}  they all were theives, no exception

01[11:43] {@Threei}  this money pump never stopped, they just fought for the spot at the spigot

01[11:44] {@Threei}  Yanukovich was somewhat different from the rest

01[11:45] {@Threei}  they all were Dnepropetrovsk mafia, he is Donetsk

[11:45] {Alexs} he knew he had a short time

01[11:45] {@Threei}  so when he came to power, aside of garden variety stealing he also started huge process of redistribution of what was already stolen

01[11:46] {@Threei}  pressing Dnepr guys out

01[11:46] {@Threei}  and transfering their businesses to his guys

01[11:46] {@Threei}  so, if they calculate their losses nowm, they might include those redistributed sums s well, lol

01[11:47] {@Threei}  kind of: we stole 50B, he stole 50B, and he took our 50B from us - total he stole is 100B

01[11:47] {@Threei}  see the logic? :)

[11:47] {Alexs} lol

01[11:48] {@Threei}  now to add irony to all that, imagine Putin coming in and saying "wtf are you all doing here stealing without me??"

01[11:48] {@Threei}  and you have what we have today

[11:49] {Alexs} ok now they have last $16 bln

01[11:49] {@Threei}  if that...

01[11:49] {@Threei}  but IMF promised more

01[11:49] {@Threei}  so it's something to look forward to steal, so they are encouraged again

[11:50] {Alexs} otherwise nobody wanted to be a president

[11:51] {cosmo} so how do the Tartars come out on this?

01[11:51] {@Threei}  tatars?

[11:52] {cosmo} small contingent

01[11:52] {@Threei}  they are f**ked

[11:52] {cosmo} Crimea

[11:52] {cosmo} oh

01[11:53] {@Threei}  they returned to Crimea over last 20 years, started rebuilding,

01[11:53] {@Threei}  opened some businesses.

01[11:54] {@Threei}  Now Russia overtook it all, making them again fringe, undesirable and owning what others want

[11:54] {cosmo} Cossacks too?

01[11:55] {@Threei}  that's too general term

[11:55] {cosmo} i c

01[11:55] {@Threei}  there are a lot of sub-divisions among Cossacks, geographic, historic and cultural

01[11:56] {@Threei}  Don, Kuban, Crimea, they are all cossacks but very different groips

01[12:07] {@Threei} Long Setup:  FB  .70 break hl

01[12:07] {@Threei}  If holds  .60 

01[12:08] {@Threei}  valid

01[12:16] {@Threei}  Invalidated  

01[12:22] {@Threei}  (US) US Treasury Dept: It is a priority to stop the reincorporation of US companies overseas for tax reasons

01[12:22] {@Threei}  yeah, shoot them all

01[12:22] {@Threei}  or, perish the thought... lower taxes?

[12:52] {thomcbell} BX 29.50 long break if holding 29.40 

[12:52] {thomcbell} time of day suspect

[12:53] {nemo} yeah, dead til Fed

[12:53] {thomcbell} will do it small

[12:57] {nemo} fb starting news conference look at it

01[13:15] {@Threei}  BX's nice, thom

[13:26] {thomcbell} pretty decent retrorockets there 

01[13:37] {@Threei}  XOM *INCREASES DIVIDEND TO $0.69 FROM $0.63

[13:38] {thomcbell} bud looks vulnerable here vad 

[13:38] {thomcbell} 106 break

01[13:39] {@Threei}  love the chart

01[13:39] {@Threei}  hate the time, nearing FOMC

[13:39] {thomcbell} dont know how much more it can do today 

[13:39] {nemo} clearinng the decks for the fed

[13:39] {thomcbell} not exactly a splk

[13:40] {thomcbell} ATR is 1.50

01[13:59] {@Threei}  *(US) FOMC HOLDS FED FUNDS RATE TARGET AT 0.25%: REDUCES BOND PURCHASES BY ADDITIONAL $10B (FURTHER TAPER) TO $45B/MONTH (AS EXPECTED)

01[14:04] {@Threei}  quite confused reaction

01[14:06] {@Threei}  US government says it lost $11.2 billion on GM bailout.

01[14:06] {@Threei}  Taxpayers: oh thank you for saving autoindustry

01[14:09] {@Threei}  for when you have nothing to do, live feed from hummingbird nest: https://www.youtube.com/watch?v=xrM34fdmloc#t=1708581

[14:10] {nemo} wow, this is the most sedate reaction in years

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

01[14:11] {@Threei}  If holds  59 

01[14:11] {@Threei}  Invalidated  

01[14:12] {@Threei} Short Setup: GLD  .40 break

01[14:12] {@Threei}  If holds  .50 

01[14:15] {@Threei}  1:1  

01[14:15] {@Threei}  1:2  

01[14:16] {@Threei}  FB got away... .90 was good trigger

[14:35] {dptl} dal .75 long?

01[14:37] {@Threei}  no read

[14:37] {dptl} k

01[14:41] {@Threei}  can I change answer to "decisively no?"

[14:41] {dptl} :)

01[15:07] {@Threei}  hummer feeds chicks

01[15:08] {@Threei}  right now

01[15:09] {@Threei} Short Setup: DAL  .75 break

01[15:10] {@Threei}  If holds  .85 

01[15:11] {@Threei}  theater of absurd:

01[15:11] {@Threei}  The Russian Foreign Ministry expressed concern on April 30 about "militaristic statements" from Kyiv after acting President Oleksander Turchynov said Ukraine's armed forces were on full alert in case of a Russian invasion.

01[15:11] {@Threei}  A says he is ready to fight B's invasion; B says that's a militant statement

01[15:12] {@Threei}  peaceful statement would be what, "invade at will?"

[15:15] {dptl} valid still?

01[15:15] {@Threei}  yes

01[15:16] {@Threei}  1:1  

[15:17] {dptl} out ty

01[15:18] {@Threei}  yw

01[15:21] {@Threei}  Biden says Russia can't alter Europe borders by force

01[15:21] {@Threei}  Putin: I'll take that bet

01[15:23] {@Threei}  Biden: but if you do, we will sanction 5, yes, 5 more of your people!

01[15:23] {@Threei}  Putin: oops... I better don't then...

[15:24] {Alexs} actually I don't think he has a balls to invade Ukraine

[15:24] {dino} more like putin says; "baahaahaa"

[15:25] {dino} i hope he doesn't but i think he does it

01[15:25] {@Threei}  he most likely won't have to

01[15:25] {@Threei}  these guys he sent to Ukraine to take over towns and buildings will organaize referendum

01[15:26] {@Threei}  and his folks will make sure 142% vote for separation

[15:26] {nemo} http://goo.gl/vwUhUa

01[15:27] {@Threei}  troops on the border are there for the case Ukraine finds guts to send troops in those towns and tries to get rid of separatists

01[15:27] {@Threei}  then plan B is activated and russian tropps will "protect" them

01[15:28] {@Threei}  (UR) Ukraine interim Pres Turchynov: Ukraine is "helpless" to quell pro-Russian separatist movements in the eastern part of the country - Ukraine press- Says: "The security bodies ... are unable to carry out their duties of protecting citizens. They are helpless in those matters. Moreover, some of those units are either helping or cooperating with terrorist organizations." - Security forces to focus on protecting Kharkiv and Odesa Oblasts, which are not yet under the control of pro-Russian separatists.

01[15:29] {@Threei}  see? they pretty much gave up on Donetsk and Lugansk

[15:29] {dino} be like you canadians taking over florida next winter

01[15:30] {@Threei}  well, as a rule we don't tirture and kill locals :)

[15:30] {dino} :)

01[15:31] {@Threei}  although... we are not good tippers generaslly, and that might be considered an act of war

01[15:31] {@Threei}  you guys don't act on it onl,y because you are scared that we surrender immediately

01[15:32] {@Threei}  and demand your welfare etc

[15:33] {dino} good point

[15:36] {cosmo} warfare is welfare for some

01[15:36] {@Threei}  very astute observation

[15:37] {dino} deep

[15:43] {dino} adms spike

[15:46] {dino} missed it too quick

[15:47] {dptl} see ya tomorrow all

01[15:47] {@Threei}  take care dp

01[15:48] {@Threei}  positive today?

[15:48] {dptl} yes 

01[15:48] {@Threei}  good

[15:51] {dino} gj dp

[15:51] {dptl} :)

01[15:51] {@Threei}  thank you all, have a great evening

01[15:52] {@Threei}  see you tomorrow

[15:52] {dino} out of here too, gn all

Apr 29 2014

Quite slow, narrow and mostly empty day, finishing about even or just slightly up.

Session Time: Tue Apr 29 00:00:00 2014
[08:44] {dino} gm
[08:46] {dptl} good morning
01[08:50] {@Threei}  dino, dp :)
[09:00] {dino} ddd blood
[09:06] {_troub} good morning all
01[09:06] {@Threei}  troub :)
[09:07] {RonS} hello everyone
01[09:07] {@Threei}  ron :)
[09:13] {thomcbell} gm
01[09:14] {@Threei}  thom :)
[09:23] {ese} morning
01[09:23] {@Threei}  ese :)
[09:23] {ese} vad
01[09:24] {@Threei}  fish says hello to everyone, should drop by this week to update on his nearest plans
[09:25] {Alexs} gm
01[09:25] {@Threei}  alex :)
[09:27] {ese} alex
[09:28] {ese} whats fish up to
01[09:29] {@Threei}  sells house, travels
[09:29] {ese} nice
[09:30] {ese} trades from around the world
01[09:30] {@Threei} Long Setup:  TZA  .45 break
01[09:30] {@Threei}  If holds  .35
01[09:31] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  TZA  .30 break
01[09:34] {@Threei}  If holds  .20
01[09:36] {@Threei}  1:1
[09:36] {dptl} half out
[09:38] {dptl} out balance
01[09:40] {@Threei}  IBM *INCREASES DIVIDEND 16% TO $1.10 FROM $0.95
[09:40] {Les} full steam ahead
01[09:43] {@Threei} Long Setup:  C  .60 break
01[09:44] {@Threei}  If holds  .55
[09:46] {Les} JPM 56
01[09:47] {@Threei} Long Setup:  TZA  .30 break
01[09:47] {@Threei}  If holds  .25
[09:50] {dptl} stopped tza
[09:52] {nemo} DAX ripping
[09:55] {dptl} ko .80 short?
01[09:55] {@Threei} Long Setup:  WMT  .70 break
01[09:55] {@Threei}  If holds  .65
[09:56] {dino} ua hl l .65
[09:57] {dptl} in wmt
[10:01] {dptl} out some
01[10:02] {@Threei}  1:1
[10:07] {Buster} Did the Consumer confidence come out?
01[10:10] {@Threei}  yes
01[10:10] {@Threei}  market didn't react much
01[10:10] {@Threei}  *(US) APR CONSUMER CONFIDENCE: 82.3 V 83.2E
[10:10] {Buster} OK Thanks.
[10:12] {dino} ua stop
01[10:15] {@Threei} Short Setup: FB  .40 break hl
01[10:15] {@Threei}  If holds  .50
01[10:16] {@Threei}  change to .50 break
01[10:16] {@Threei}  If holds  .60
[10:17] {nemo} probably gonna' check .90
[10:18] {dptl} valid ?
01[10:18] {@Threei}  no
[10:21] {dino} ua shl l .30
[10:21] {dino} l hl
[10:22] {dptl} do you like ebay .50 short Vad?
01[10:23] {@Threei}  I'd do .55
01[10:23] {@Threei}  with .61 stop
[10:23] {dptl} i see
01[10:25] {@Threei}  there
01[10:25] {@Threei}  like a charm
[10:26] {nathan} hi gents
01[10:26] {@Threei}  FB got away
01[10:26] {@Threei}  hey nathan
[10:26] {Les} ty ebay
[10:26] {dptl} yeah...i didt get it ..with wmt still and dont have source :)
01[10:27] {@Threei}  argh FB
[10:28] {Les} hmmm indexes vxx outside 3min bbs potential bounce time
[10:35] {dino} vmw smr l .99
[10:36] {dino} markets very strange last 3 -5 days
[10:40] {Les} good to know. will leave it for the day here. Let Yellen say her piece tomorrow. a+
[10:43] {dptl} ok wmt..its time :)
01[10:51] {@Threei} Long Setup:  TZA  .35 break
01[10:51] {@Threei}  If holds  .25
[10:52] {dptl} in
[11:05] {dino} vmw stop -.35
01[11:05] {@Threei}  Russian foreign minister 'rejects' US, EU sanctions over Ukraine
01[11:05] {@Threei}  hmmm
01[11:06] {@Threei}  I like this idea
01[11:06] {@Threei}  next year I'll refuse to pay taxes and when they come after me, I'll "reject" their sanctions
[11:06] {Alexs} rofl
01[11:07] {@Threei}  stop to .29
01[11:07] {@Threei}  it's time
01[11:08] {@Threei}  now or never
[11:08] {dptl} oh tza....ok
01[11:08] {@Threei}  I reject your refusal to go up, TZA
[11:09] {RonS} twtr gone pulp
01[11:13] {@Threei}  finally
01[11:13] {@Threei}  1:1
[11:13] {dptl} out half, and closed wmt
[11:14] {Alexs} so rejection works Vad
[11:14] {Alexs} try this trick with your tax
01[11:16] {@Threei}  I feel encouraged to do that
[11:16] {Alexs} :)
[11:25] {dptl} closed tza.....dont know why i didt take some out at .53 :)
[11:35] {dptl} do you like wfm .30 short Vad?
01[11:37] {@Threei}  yes, but needs to reconsolidate
[11:38] {dptl} ye...invalidated for now
[11:41] {dptl} abbv? .30 break
01[11:41] {@Threei}  not sure
[11:41] {dptl} k
01[11:44] {@Threei}  can I change to yes?
[11:44] {dptl} :)
[11:44] {dptl} its a nice looking chart isnt it?
[11:45] {goinshort} morning all !!!
01[11:45] {@Threei}  gs :)
[11:46] {dptl} wfm coming to .30 again...lets see if its consolidates a bit here
01[11:46] {@Threei} Long Setup:  VXX  .70 break
01[11:46] {@Threei}  If holds  .60
[11:50] {dptl} still valid ?
01[11:50] {@Threei}  yes
01[11:50] {@Threei}  WFM, I don't like it much anymore
[11:50] {dptl} k
01[11:53] {@Threei}  ideally, VXX holds .65 here and breaks
[11:55] {dptl} invalidated too
01[11:55] {@Threei}  gor now, yes
01[11:55] {@Threei}  for
01[11:56] {@Threei}  LOL:
01[11:56] {@Threei}  https://scontent-a-sea.xx.fbcdn.net/hphotos-prn2/t1.0-9/10314574_933849479977839_4110233295691885653_n.jpg
[11:57] {dptl} lol
[12:01] {dptl} really slow today...qoutes barrely moving
[12:02] {dino} same here dp, not doing much
[12:06] {thomcbell} BX might be a long setup here 29.98 long break if holding 29.88
[12:15] {thomcbell} bx invalidated
01[12:15] {@Threei}  yeah
[12:25] {fish_49} Can someone keep an eye on Alex and make sure he is sharing well?
01[12:25] {@Threei}  FISH!
[12:25] {Alexs} hey fish!
[12:25] {fish_49} Hey Alex
[12:25] {fish_49} I was on vacation and took a pic of Nemo  wanna see?
01[12:25] {@Threei}  you lost the plot man... Alex is not sharing, Alex is gathering his share from others
[12:26] {Alexs} :)
[12:26] {fish_49} oh  so that means Alex is not trading  He just collecting?  so  I should collect 50% of what he collects
[12:26] {dptl} was always wondering what fish is Fish :)
[12:26] {fish_49} here is my vacation pic of Nemo
[12:27] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/P4270187_zps760570d2.jpg.html
[12:28] {fish_49} another pic of Nemo
[12:28] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/Bear1_zps8c0d616e.jpg.html
[12:28] {RonS} lol...perfect
[12:28] {dptl} lol
[12:28] {fish_49} here is a pic of Ron  the cousin of Nemo
[12:28] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/Bear2_zps1d3e12c3.jpg.html
[12:29] {nemo} needs to lose some weight
01[12:29] {@Threei}  meanwhile I took selfie... http://goo.gl/3P2jS1
[12:29] {fish_49} will the real nemo stand up  here
[12:30] {fish_49} lol  soup nazi
[12:30] {fish_49} last pic of Nemo
[12:30] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/aP4270235c_zps475f7ada.jpg.html
[12:31] {fish_49} that guy ran out in front of the car almost hit him
[12:31] {fish_49} here is my attempt  to calm the water
[12:31] {nemo} think it's a female
[12:31] {fish_49} http://s1332.photobucket.com/user/bkhmd/media/P4270108_zps8df0c17f.jpg.html
[12:32] {fish_49} ok thats it  I wont disturb your lunch break
[12:32] {fish_49} how was the morning Alex?  how much did you collect?
[12:32] {nemo} could you try not to disturb our year
[12:32] {Alexs} not enough yet
[12:35] {fish_49} Nemo didn't even miss me  wait  I think YM coming into short territory
01[12:35] {@Threei}  he did... he just masks it well
01[12:35] {@Threei}  he is afraid we see his real inner ego, gentle, sensitive...
[12:36] {fish_49} lol  you made him sick Vad
[12:36] {fish_49} lol
01[12:36] {@Threei}  I am trying... every day
01[12:36] {@Threei}  it's tough
01[12:37] {@Threei}  but I am getting better at it
[12:38] {fish_49} he get his connection issues resolved?
[12:38] {RonS} no, still not married...
[12:38] {fish_49} still here Toad
[12:38] {fish_49} lol  Ron I thought that is why he has a bunny
[12:38] {fish_49} lol
01[12:40] {@Threei}  lol
[12:42] {dptl} Vad you like sbux short.90 break ?
01[12:42] {@Threei}  not really
01[12:42] {@Threei}  50/50
[12:42] {dptl} k
01[12:42] {@Threei}  market is floating here aimlessly
[12:50] {fish_49} so we float higher on low vol until the Fed news tomorrow?
01[12:51] {@Threei}  probably... unless Ukraine flares up
[12:51] {dptl} how about fti .80 short? Vad
[12:52] {dptl} a bit late now
[12:54] {fish_49} Gonna run...  Alex  make sure you collect my share.  I will be back Late May to pick it up
01[12:54] {@Threei}  have fun fish
[12:54] {Alexs} take care fish :)
[12:55] {fish_49} I just put my house on the market and have a week or so more of yard work to do then a couple weeks in Alaska and should return to the markets after that.
[12:55] {fish_49} Take care all  and Happy trading
[12:55] {RonS} be safe fish...
[13:06] {thomcbell} bx still trying here
[13:15] {dino} ua stop .99, +.69
01[13:16] {@Threei}  wtg
[13:16] {dino} ty
[13:18] {thomcbell} are there fed comments today?
[13:18] {nemo} no, and there won't be tomorrow either
[13:18] {nemo} however, Granmama is speaking on Thursday somewhere
[13:22] {Alexs} tomorrow FOMC meeting announcement
[13:24] {nemo} taper continues rates stay unchanged
06[13:54] * nemo slaps Threei around a bit with a large trout
06[13:54] * nemo slaps Threei around a bit with a large trout
06[13:54] * nemo slaps Threei around a bit with a large trout
06[13:54] * nemo slaps Threei around a bit with a large trout
06[13:54] * nemo slaps Threei around a bit with a large trout
[13:54] {dptl} wow...lol
06[13:55] * nemo slaps dptl around a bit with a large trout
06[13:55] * nemo slaps dptl around a bit with a large trout
06[13:55] * nemo slaps dptl around a bit with a large trout
[13:55] {dptl} lol...bored ?
[13:55] {nemo} that obvious huh?
06[13:55] * @Threei racks AK-47
[13:56] {dptl} wait i'll grab pop corn :)
[13:58] {_troub} are there some time periods better than others?
[13:58] {nemo} I can own one, you can't Vad...
[13:58] {nemo} lunch time is always slower...first two and last two hours tend to be busier
[13:58] {nemo} today, with the Fed tomorrow, maybe not
01[13:58] {@Threei}  for shooting nemo troub? no, any time is good
[13:58] {nemo} Vad's a lousy shot
01[13:59] {@Threei}  oh for trading... yes, nemo's right
01[13:59] {@Threei}  not true at all
[13:59] {nemo} what's not true?
[13:59] {_troub} thanks.  And I'm a darn good shot.
[13:59] {nemo} at what distance, and with what tool?
01[13:59] {@Threei}  during soviet military training, I was A+ at shooting... grenade throwing got me to B+
[14:00] {nemo} was that with an AK 47 74 or dragunov?
01[14:00] {@Threei}  mostly because the grenade I threw at the test landed at the feet of a colonel who led the comission
[14:00] {_troub} twelve gauge at 10 ft'
[14:01] {nemo} ahhh, real precision work there, hey troub...
[14:01] {nemo} slugs, or shot?
[14:02] {_troub} bird shot.  don't want to hurt somebody too bad.
[14:02] {nemo} gotta' work on that there troub
[14:02] {_troub} having fun with this nemo.
[14:02] {nemo} btw...you really don't want somebody giving law enforcement a conflicting story
[14:02] {_troub} enjoyed quail hunting over a good pointer.
[14:03] {nemo} ahhh
[14:03] {nemo} I enjoyed head shots with the victim's leg in the jaws of a Rottweiler
[14:04] {_troub} spoken like a true conservative
[14:04] {nemo} not really...Taoist by training
01[14:04] {@Threei}  neme is the one who came up with concept "warning shot in the head"
[14:04] {nemo} I am not particularly fond of either side
[14:05] {nemo} looks like the refiners might be giving up the ghost soon
[14:05] {_troub} guess I better be nice with my last day tomorrow until I come back
[14:05] {nemo} where u going?
[14:05] {Alexs} that's the problem of America that conservatives have that reputation
[14:06] {Les} yo
[14:06] {nemo} well, there are Republicans and Democrats, wouldn't call Republicans conservatives necessarily
[14:06] {nemo} oh jeez...collective IQ of the room just went down 20 points
[14:06] {Les} oh crikey... politics
[14:06] {nemo} not really
[14:06] {Les} yeh outta here a+
[14:06] {nemo} never been that easy
[14:06] {_troub} trial ends tomorrow.  In another room paid up to May 30. Hate to double spend and they won't refund.
[14:07] {nemo} ahhh
[14:09] {dino} troub, not happy here? how did you do in this room?
[14:10] {nemo} new it was too good to be true
[14:10] {_troub} I'll be knocking on door to get in June 2.
[14:10] {nemo} knew
[14:10] {Les} homophonic boy
[14:10] {nemo} Now I'm hearing Paul McCartney songs
[14:10] {dino} good to hear, but i suspect you vwill miss a good may here
[14:10] {_troub} very pleased, dino.
[14:10] {nemo} Yeah, bring a chin pillow for the Summer
[14:11] {nemo} homonymistic Les
[14:11] {dino} pretty much, and you can forget about trading fridays, time better spent golfing or mowing lawn
[14:11] {_troub} I may say to heck with cost and come back sooner.
[14:11] {Les} 1 in a 1000 setup. fired up DAS to find YHOO on screen. took it long for .08 but it might roll over here
[14:12] {nemo} yeah, and comic relief is no extra charge
[14:12] {dino} where do you make more $ troub? that answers it
[14:12] {nemo} Yahoo gonna' start running soon, this might be the first shot
[14:12] {dino} gj les
[14:12] {Les} hoping it holds and on't shake me loose
[14:12] {dino} hard stop it
[14:13] {_troub} will here, dino. spent this week with very low shares learning different approach on trades
[14:13] {dino} find your edge
[14:14] {nemo} odds leaning a bit towards the indexes coming in here
[14:16] {Les} yhoo was 80% scalp, so good for the day. Slow market bad for me. keep an eye on yhoo. a+
01[14:23] {@Threei}  troub, see private messaage please
01[14:25] {@Threei} Long Setup:  FB  .10 break
01[14:25] {@Threei}  If holds  58
01[14:25] {@Threei}  half lot I think
[14:28] {dptl} ye got half lot
01[14:30] {@Threei}  Poll: More than half Ukrainians favor EU membership
01[14:30] {@Threei}  good luck with that
01[14:30] {@Threei}  tzar will make sure you stay put
[14:32] {Alexs} more than half russians favor EU membership too I think
01[14:32] {@Threei}  especially as long as they enter EU on tanks
01[14:32] {@Threei}  meh FB
[14:32] {dptl} out fb
[14:33] {nathan} grrr FB
[14:33] {dptl} hated this stock..jumps like crazy all the time
[14:34] {Alexs} yeah I don't even try to trade FB
06[14:34] * @Threei wispers under breath: whimps...
[14:34] {Alexs} lol
[14:45] {dptl} do you like ebay .30 short?
01[14:46] {@Threei}  if SPY establishes downtrend from here... but that's exactly what I am trying to read
[14:47] {dptl} ok
[14:47] {thomcbell} pretty dull tape
[14:48] {nemo} oh crissakes, waiting for DDD to break 45, goes right to 45.17
[14:49] {nemo} holy shit
[14:50] {dptl} and crm .60 break short?
01[14:51] {@Threei}  same idea but liking it more than EBAY
[14:52] {dptl} too late i think
[14:52] {dptl} are you shorting ebay?
01[14:53] {@Threei}  no
[14:53] {dptl} ye..i messed crm
[14:53] {dptl} missed
[14:53] {dptl} may be now on pullback?
01[14:53] {@Threei}  good thing you corrected that, they might have sued you
01[14:54] {@Threei}  nah
01[14:54] {@Threei}  it's not as compelling play, to hurry and get it on bounce
[14:54] {dptl} i see
[14:57] {dptl} cbs?
01[14:59] {@Threei}  ?
01[14:59] {@Threei}  don't see anything there
[15:00] {dptl} .45 short was thinking
[15:00] {Alexs} you should turn on TV Vad
01[15:00] {@Threei}  which channel?
[15:01] {Alexs} CBS I guess
01[15:02] {@Threei}  oh... lol
[15:02] {nathan} well gents gn!
[15:02] {nathan} take care
01[15:02] {@Threei}  take care nathan
01[15:07] {@Threei}  Alex, we need a rule... no jokes that I don't understand
[15:07] {Alexs} :)
01[15:08] {@Threei}  (no idea how you are going to predict which ones I won't, but good rule of thumb: my level is pretty much limited to "tree pretty, fire bad")
[15:11] {Alexs} I think Putin has the same rule in Russia and it works good
01[15:11] {@Threei}  lol
[15:12] {thomcbell} lvs shocking day
01[15:12] {@Threei}  have you heard the new song, Polite People?
[15:12] {thomcbell} strong as 10 men
01[15:12] {@Threei}  I couldn't believe my ears, thought it was a parody
01[15:13] {@Threei}  I looked at it couple times, thom... was a bit too volatile
01[15:13] {@Threei}  still is
[15:14] {thomcbell} y
[15:14] {Alexs} No I haven't Vad waht is it?
01[15:14] {@Threei}  search youtube for polite people, in russian
01[15:15] {@Threei} Long Setup:  TZA  .38 break
01[15:15] {@Threei}  If holds  .28
01[15:15] {@Threei}  dp, you too
[15:15] {dptl} ok
01[15:15] {@Threei}  parallel universe, I swear
01[15:16] {@Threei}  soviet union is back from grave
[15:18] {Alexs} noooo it's a joke!
01[15:19] {@Threei}  it's not
[15:19] {Alexs} can't believe it
01[15:20] {@Threei}  explanation for non-russian speaking: http://www.japantimes.co.jp/news/2014/04/24/world/offbeat-world/russian-army-choir-lauds-polite-people/
01[15:22] {@Threei}  troub, you here?
[15:24] {dptl} well...what can i say...
01[15:25] {@Threei}  amazing that they don't ever hear how chilling some lines sound... "simply stand nearby politely holding their weapons"
01[15:30] {@Threei}  change of plan
01[15:30] {@Threei}  .l iwm .70 break
01[15:30] {@Threei} Long Setup:  IWM  .70 break
01[15:30] {@Threei}  If holds  .60
[15:31] {dptl} inval
01[15:31] {@Threei}  not yet, watching
01[15:32] {@Threei}  change to .60 break
[15:32] {dptl} isnt it just sitting in a range all day?
[15:32] {dptl} tza valid ?
01[15:33] {@Threei}  TZA, no
[15:33] {dptl} ok
[15:34] {dptl} what you see in iwm Vad?
01[15:35] {@Threei}  just an idea of the market tending lately to run up into close
[15:36] {dptl} oh....tza looks like would work
01[15:36] {@Threei}  well, such spike from under the support makes it not very tradeable to me
01[15:37] {@Threei}  I prefer break after consolidation, not on sharp spike into resistance
[15:37] {dptl} i see
01[15:37] {@Threei}  ok, last attempt IWM
01[15:37] {@Threei}  right here
01[15:37] {@Threei}  .32
01[15:37] {@Threei}  stop .24
[15:40] {Alexs} 1:1 is .40?
[15:40] {dptl} i got .34
01[15:40] {@Threei}  anything above
01[15:40] {@Threei}  but as time presses, anything becomes fair game
[15:43] {dptl} out
01[15:44] {@Threei}  nah
01[15:44] {@Threei}  oh well
01[15:44] {@Threei}  largely empty day
01[15:44] {@Threei}  thank you all, have a good evening
01[15:44] {@Threei}  see you tomorrow
[15:44] {dptl} see ya tomorrow
[15:44] {dino} cya
[15:45] {goinshort} thanks V! - traveling tomorrow cya thursday?
[15:45] {Alexs} good night all
01[15:45] {@Threei}  ok gs, safe travel
[15:46] {goinshort} thanks