Tuesday, May 20, 2014

May 20 2014

Another decent day, with good morning, two stops in the middle and finishing 1:2 on DAL. 


Session Time: Tue May 20 00:00:00 2014
[08:57] {dino} gm 3i
01[08:58] {@Threei}  morning dino
[09:04] {dptl} good morning
[09:05] {RonS} gm...dks bris...wanted to get that out of the way...
01[09:05] {@Threei}  dp, ron :)
[09:07] {RonS} ...slid in on his heels?
01[09:08] {@Threei}  lol
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:15] {RonS} funny how noone is mentioning that nOcare is that giant sucking sound siphoning discretionary spending out of retail
01[09:16] {@Threei}  that requires two-step thinking
[09:16] {dino} wait until the winter renewal rates start to kick in. they are said to be going up big
[09:17] {nemo} of course, that won't be until AFTER the elections
01[09:17] {@Threei}  wintre renewal is a cousin of summer recovery?
[09:19] {nemo} spy volume is putrid
[09:20] {RonS} that cosmos series ended up being a giant lead into a huge climate change propaganda message...was so pissed i wanted to puke
[09:20] {ese} morning
01[09:21] {@Threei}  ese :)
[09:21] {ese} vad
[09:21] {ese} i guess you didn't make it out to the Victoria Day parade yesterday to see my high school band on a float
[09:21] {RonS} to add insult to injury there was no science presentation in the message
01[09:22] {@Threei}  I actually was working, you know :)
[09:22] {ese} lol.......yup i did know....
[09:23] {RonS} is Victoria Day for the Queen or the city?
01[09:23] {@Threei}  wow Ron... I was going to watch it later. Might skip it
[09:23] {ese} but with modern tech these days you never know
01[09:23] {@Threei}  Queen
01[09:24] {@Threei}  Gunmen seize control of district election offices in Donetsk and Luhansk oblasts, steal ballots and documents
[09:24] {ese} i was walking beside the float with an ipad controlling the faders of the sound system...you could have your whole off office right there sitting in a chair
01[09:24] {@Threei}  I guess they are not big on electing Ukraine president
01[09:24] {@Threei}  lol... I am not big on crowds, ese :)
[09:25] {ese} they were big downtown for sure
01[09:27] {@Threei}  also, I think nemo brainwashed me
01[09:27] {@Threei}  I feel more and more like anarchist
[09:28] {Alexs} gm
01[09:28] {@Threei}  alex :)
[09:29] {ese} May 20, 2014 5:30:03 AM PDT  *(CA) CANADA MAR WHOLESALE TRADE SALES M/M: -0.4% V +0.4%E - .....................nobdys buying our stuff
[09:30] {ese} nobody on this board like Canadain liquor or what?   whats the deal there
01[09:31] {@Threei} Long Setup:  EBAY  .10 break hl
[09:31] {ese} i figured Les and nemo could singel handedly keep our economy a float
01[09:31] {@Threei}  If holds  52
01[09:33] {@Threei} Short Setup: FB  .70 break hl
01[09:33] {@Threei}  If holds  .80
01[09:33] {@Threei}  Invalidated  EBAY
01[09:34] {@Threei}  1:1  FB
01[09:36] {@Threei} Long Setup:  WMT  .05 break
01[09:36] {@Threei}  If holds  76
01[09:36] {@Threei}  Invalidated
01[09:37] {@Threei} Long Setup:  TZA  .85 break
01[09:37] {@Threei}  If holds  .80
01[09:41] {@Threei}  1:1
01[09:43] {@Threei}  1:2
01[09:45] {@Threei} Short Setup: FB  .60 break hl
01[09:45] {@Threei}  If holds  .10
01[09:45] {@Threei}  chnage to .10 break
01[09:45] {@Threei}  If holds  .20
[09:45] {troub} TAZ good one vad
[09:46] {troub} TZA or what ever
01[09:46] {@Threei}  :)
[09:46] {goinshort} thanks - tza
01[09:46] {@Threei}  1:1  FB
01[09:46] {@Threei}  yw
01[09:47] {@Threei}  1:2
01[09:47] {@Threei}  1:3
01[09:48] {@Threei}  out in full .75
[09:48] {goinshort} nice V!
[09:48] {dino} gj
01[09:48] {@Threei}  ty
01[09:52] {@Threei}  hmmm
01[09:53] {@Threei}  National Geographic photocontest... open to anyone who do NOT reside in Cuba, Iran, New Jersey, North Korea, Sudan or Syria
[09:53] {RonS} new jersey?  lol
[09:53] {Alexs} lol
01[09:53] {@Threei}  1:3  TZA
01[09:53] {@Threei}  out
01[09:54] {@Threei}  that's what caught my attention, lol
[09:54] {_jaredt} no pics of snookie...
01[09:54] {@Threei}  rofl
01[09:55] {@Threei}  ugh... FB was worth second entry
01[09:55] {@Threei}  .90 actually begged for it
01[09:58] {@Threei} Long Setup:  IWM  .40 break
01[09:58] {@Threei}  If holds  .30
01[09:58] {@Threei}  Invalidated
01[09:59] {@Threei}  (duh)
[10:00] {ese} interesting specs for that photo contest
[10:04] {dino} cab hl l .05
01[10:06] {@Threei} Long Setup:  WMT  .10 break
01[10:06] {@Threei}  If holds  76
[10:09] {_jaredt} took .40 from cab, thanks DINO
[10:10] {RonS} wtg
01[10:10] {@Threei}  nice
[10:10] {RonS} took cab .05 to .85 thanks dino +.80
01[10:11] {@Threei}  great job guys
[10:11] {dino} yw, gj
01[10:14] {@Threei} Long Setup:  IWM  .50 break
01[10:14] {@Threei}  If holds  .40
01[10:15] {@Threei}  1:1
01[10:16] {@Threei}  trail WMT stop to .04, takes too long
01[10:22] {@Threei}  NQ Muddy Waters' Carson Block reiterates cautious comments in TV interview
[10:33] {dino} cab wall 62
01[10:43] {@Threei} Long Setup:  CAT  .65 break hl
01[10:43] {@Threei}  If holds  .55
01[10:46] {@Threei}  1:1
01[10:47] {@Threei}  1:2
[10:49] {_jaredt} was that a JBE trade, Threei?
01[10:49] {@Threei}  yup
01[10:55] {@Threei}  out in full
01[10:55] {@Threei}  1:3 close enough
01[10:59] {@Threei}  wow
01[10:59] {@Threei}  1:5
[11:02] {dino} spwh drop
[11:03] {dino} spwh l .00
[11:09] {dino} i froze that
01[11:12] {@Threei}  Dino the Freezer
01[11:21] {@Threei}  - Russia and China have failed to agree on a price for the 30-year natural gas deal. President Putin is visiting China this week and the two sides were widely expected to reach a deal, capping more than a decade's worth of talks. The $400B supply agreement is up in the air for now unless negotiators can iron out differences before Putin leaves on Wednesday.
01[11:28] {@Threei}  General Motors Corp Conducting four additional recalls of 2.42M vehicles
01[11:28] {@Threei}  why not... where there are' 10M, 2 more will just add to fun
01[11:29] {@Threei}  Pandora Hearing strength attributed to chatter the company has hired Goldman Sachs to help evaluate strategic options
[11:43] {dino} cab reloaded .50 l
01[11:43] {@Threei}  watching IWM for pullback entry
01[11:44] {@Threei}  hmmm... this might explain a lot
01[11:44] {@Threei}  word NO in ukrainian looks like HI
01[11:44] {@Threei}  makes for an interesting banner "say no to drugs"
01[11:44] {@Threei}  http://i.colnect.net/images/f/575/919/Say-No-to-Drugs.jpg
[11:44] {dino} lol
[11:44] {dino} don't you mean say "high" to drugs
01[11:45] {@Threei}  see this red HI! in the right corner?
01[11:45] {@Threei}  word on the lft is "drugs"
[11:45] {dino} out spwh .18, +.18
01[11:45] {@Threei}  no pullback IWM
[11:45] {ese} cya tomorrow.......
01[11:46] {@Threei}  man of quick action...
01[11:47] {@Threei}  joined, said bye and exited - all within 1 min
01[12:05] {@Threei} Long Setup:  IWM  .10 break
01[12:06] {@Threei}  If holds  109'
01[12:06] {@Threei}  1:1
01[12:09] {@Threei}  stop .14
01[12:09] {@Threei}  1 cent from 1:2
01[12:32] {@Threei}  Madeleine Albright to come to Ukraine on May 21
01[12:32] {@Threei}  any chance she would kick Hunter Biden out while there?
01[12:36] {@Threei} Long Setup:  TZA  .40 break
01[12:36] {@Threei}  If holds  .30
01[12:42] {@Threei}  (US) Senate Majority Leader Reid (D-NV) confirms senate confirmation vote for Fed vice chair nominee Fischer will be tomorrow
01[12:42] {@Threei}  but... will Donetsk cast the vote?
01[12:43] {@Threei}  sigh... why no one likes my humor
01[12:44] {@Threei}  I find it hilarious
01[12:44] {@Threei}  in total solitude
[12:44] {Alexs} :)
[12:45] {dino} spwh l .00
01[12:47] {@Threei}  wife: if you promise never to crack anither joke I'll make you an omelet. If you don't, I will still make it but with some hemlock
01[13:07] {@Threei}  no go
01[13:13] {@Threei}  crap, rinse
01[13:13] {@Threei}  DKTK time
01[13:21] {@Threei}  double crap
[13:39] {dino}  .
[13:43] {_jaredt} sheesh, CAT
01[13:43] {@Threei}  no news for this selling
01[13:48] {@Threei}  first bounce is likely to fail, waiting for the second
01[13:54] {@Threei} Long Setup:  CAT  .50 break
01[13:55] {@Threei}  If holds  .40
01[13:56] {@Threei}  Invalidated
01[13:57] {@Threei} Long Setup:  CAT  .40 break
01[13:57] {@Threei}  If holds  .30
01[13:58] {@Threei}  change to .35 break
[13:58] {dino} tna l .24
01[13:58] {@Threei}  If holds  .27
01[13:59] {@Threei}  Invalidated
[14:00] {dino} out tna .48, +.24
01[14:01] {@Threei}  wtg
[14:01] {dino} ty
[14:01] {dino} hl/hh
01[14:01] {@Threei} Long Setup:  CAT  .20 break
01[14:01] {@Threei}  If holds  .10
[14:02] {dino} tna l .49
[14:03] {RonS} wow cat gone pulp
01[14:03] {@Threei}  change to .15 break
01[14:04] {@Threei}  yeah, gets interesting
01[14:04] {@Threei}  when bounces, should give 50 - 70 cents easy
[14:04] {dino} out tna .74, +.25
[14:05] {dino} tna l .65
[14:05] {dino} out .75, +.10
01[14:05] {@Threei}  lol
01[14:05] {@Threei}  practicing soccer?
01[14:06] {@Threei}  left foot, right foot
[14:06] {dino} just scalping
[14:06] {RonS} cat stop?
01[14:06] {@Threei}  under .05
01[14:07] {@Threei}  it's really time for this spring to unwind
01[14:08] {@Threei}  after taking .20 should move faster
[14:08] {dino} tna l .70
[14:08] {dino} out tna .86, +.16
01[14:09] {@Threei}  sheesh
01[14:09] {@Threei}  held by fingertips
01[14:09] {@Threei}  nervous one
[14:13] {RonS} wtf .20?
01[14:13] {@Threei}  dam
[14:14] {RonS} +n
01[14:14] {@Threei}  out
01[14:14] {@Threei}  I like my money easier than this
[14:14] {goinshort} stupid cat
[14:14] {nemo} must be some bad China news affecting CAT
[14:16] {dino} 247wallstreet article
[14:17] {RonS} dino can take spwh home since it won't wake him up...snoozer
01[14:17] {@Threei}  they had horrible dealer stats
01[14:17] {@Threei}  Caterpillar Inc Reports April dealer stats: retail sales of machines -13% y/y; energy & transportation retail +3% y/y- Retail Sales of Machines: Asia/Pacific -25% EAME -24% Latin America -28% North America +12% World -13%
01[14:17] {@Threei}  but heck
[14:17] {dino} lol, but yeah, one of the slower ones
[14:18] {dino} that tna moves pretty fast
[14:19] {RonS} ya think...too fast for mere mortals...
[14:20] {dino} yeah wanted .50s, just spiked from .60-.90
01[14:21] {@Threei}  IWM is a slower version
[14:22] {dino} yes, but takes a few more bullets
01[14:23] {@Threei}  yup
01[14:23] {@Threei}  just easier to manege
[14:23] {dptl} see ya tomorrow all
[14:23] {RonS} cya dp
01[14:23] {@Threei}  TNA might get almost unmanagable at times
[14:23] {dino} cya dp
01[14:23] {@Threei}  take care dp
[14:23] {dino} whats the 2x symbol
[14:23] {dino} ?
01[14:25] {@Threei}  I don't think there is small cap 2x etf
01[14:25] {@Threei}  wait
01[14:25] {@Threei}  UVT
[14:25] {dino} don't see one, but could go ddm
[14:26] {dino} no volume uvt
01[14:26] {@Threei}  UVT - 2x Russell 2000 Value Index
01[14:26] {@Threei}  untradable
[14:26] {dino} yeah 500 share vol
01[14:26] {@Threei}  hehe
[14:27] {dino} thinner than i usually go
01[14:27] {@Threei}  DDM is 3x Dow Jones Industrial Average
01[14:28] {@Threei}  or 2x
[14:28] {dino} 2 i think
[14:29] {dino} qid, qld, sds, sso, dxd, ddm all 2x
[14:31] {dino} you notice that the momo's aren't getting killed today?
[14:31] {goinshort} cat bounce
[14:32] {dino} may be time to step back into some of them, data, panw, yy, fb
01[14:38] {@Threei}  look Alex, best way to become president of Ukraine is to run for office from Vienna:
01[14:38] {@Threei}  Poroshenko way ahead of rivals in Ukrainian presidential race
01[14:39] {@Threei} Short Setup: GLD  .60 break
01[14:39] {@Threei}  If holds  .70
01[14:49] {@Threei}  valid still
[14:50] {Alexs} yes Vad, the best way to live in Ukraine is to live in Vienna
01[14:51] {@Threei}  lol
01[14:52] {@Threei}  reminds me a guy I met on the Costa Rica Beach... when asked where I was from and heard Winnipeg, he said "a good place to be FROM"
[14:52] {Alexs} lol
01[14:54] {@Threei}  Petition to Designate Russia as "State Sponsor of Terrorism" reached necessary threshold to warrant White House response
01[14:54] {@Threei}  https://petitions.whitehouse.gov/petition/designate-russia-state-sponsor-terrorism/XMjbTltM
[14:55] {Alexs} I think ukrainians will move their government somewhere to Europe finally, then they should not be afraid of Maidan anymore
01[14:55] {@Threei}  or relocate Maidan to Antarctica
[15:08] {cosmo} haiti?
01[15:09] {@Threei}  nah, too warm
[15:10] {cosmo} ah...their safe then
[15:10] {cosmo} they're
01[15:12] {@Threei}  I say Antarctica... amazing landscape, penguins...
01[15:14] {@Threei} Long Setup:  DAL  .80 break
01[15:14] {@Threei}  If holds  .70
01[15:31] {@Threei}  stop to ,74
01[15:35] {@Threei}  1:1
01[15:40] {@Threei}  1/4 more out .97
01[15:40] {@Threei}  time becomes an issue
[15:40] {dino} dxpe luv
[15:43] {goinshort} I'm out- thanks V - nice call!
01[15:43] {@Threei}  :)
01[15:43] {@Threei}  nice to finish the day on this
[15:44] {goinshort} needed that - got a little red this morning
[15:46] {_jaredt} Thanks Threei and crew. have a good night
01[15:46] {@Threei}  yw
01[15:46] {@Threei}  ok guys, no more trades
01[15:46] {@Threei}  thank you all
01[15:46] {@Threei}  have a good evening, see you tomorrow
[15:46] {goinshort} thanks everyone -cya
[15:50] {dino} spwh stop -.25
[15:55] {dino} cab stop .20, -.30
[15:57] {dino} calling it a day, gn all

Monday, May 19, 2014

May 19 2014

Very quiet low volume, mostly spent in a tight range. We got quite a few scalps, decent 1:3 on IWM and took couple small stops. All in all, honest day's work.


Session Time: Mon May 19 00:00:00 2014
[08:55] {dino} gm
01[08:55] {@Threei}  dino :)
[09:02] {RonS} howdy gents
01[09:02] {@Threei}  ron :)
[09:03] {goinshort} good morning
01[09:04] {@Threei}  gs :)
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:15] {dptl} good morning
01[09:15] {@Threei}  dp :)
[09:21] {RonS} Egyptian maker of Twinkies said to consider IPO
01[09:21] {@Threei}  finally
[09:21] {RonS} lol
01[09:22] {@Threei}  AT&T announced it would buy DirecTV for $95/shr in stock and cash in a deal valued at $67.1B.
01[09:22] {@Threei}  Pfizer announced it is raising the cash component in its $117B bid for AstraZeneca to £55/shr (or 45% from 33% in the initial offer)
01[09:23] {@Threei}  The blockbuster announcements are dwarfing a $1B acquisition of a video game streaming site Twitch by Google. An update on the GE-Siemens bidding war for Alstom may enter a new phase as early as this week, with Siemens reportedly preparing a formal offer to counter GE.
[09:24] {RonS} wwe off the mat
01[09:24] {@Threei}  hehe
[09:26] {RonS} cpb watered down
[09:27] {Alexs} good morning
[09:27] {dino} gap 40.94 area
[09:27] {dino} cpb
01[09:27] {@Threei}  alex :)
01[09:28] {@Threei}  alex, fair warning - thread carefully... nemo learned couple new words
[09:28] {Alexs} lol
[09:28] {RonS} db 25% dilution by my calculation
[09:31] {dino} $10 about
01[09:31] {@Threei} Long Setup:  FB  .60 break hl
01[09:31] {@Threei}  too fast...
[09:32] {dino} ryaay?
01[09:32] {@Threei}  Ryanair Holdings plc Reports FY14 Net €523M v €515Me, Rev €5.04B v €5.01Be - Guides initial FY15 Net €580-620M v €634Me - Guides FY14 average fares +2% y/y, traffic 84.6M passengers (+4% y/y), load factor 85% (+2% y/y) - Plans €500M special dividend in Q4 FY15 subject to AGM approval
01[09:33] {@Threei}  Comments: - While disappointing that profits fell 8% to €523m due mainly to a 4% decline in fares, weaker sterling, and higher fuel costs, we reacted quickly to this weaker environment last September by lowering fares and improving our customer experience which caused H2 traffic to grow 4% as load factors rose 1%. Ancillary revenues grew 17%, much faster than traffic growth, and now accounts for 25% of total revenues.
01[09:33] {@Threei}  ugh FB... 1:3
[09:33] {dino} ty
01[09:35] {@Threei} Long Setup:  GLD  .30 break
01[09:35] {@Threei}  If holds  .24
[09:38] {nemo} esrx
01[09:39] {@Threei} Short Setup: JPM  .20 break
01[09:39] {@Threei}  If holds  .26
[09:40] {dino} door smr l ave .30 hooker
01[09:41] {@Threei}  Invalidated  JPM
[09:43] {Alexs} if GLD stop it could be  a short entry?
01[09:44] {@Threei}  can't tell
01[09:45] {@Threei} Long Setup:  TZA  .45 break
01[09:46] {@Threei}  sorry
01[09:46] {@Threei}  .90 break
01[09:46] {@Threei}  If holds  .84
01[09:50] {@Threei} Long Setup:  TZA  .85 break
01[09:50] {@Threei}  If holds  .80
01[09:50] {@Threei}  half out GLD
01[09:50] {@Threei}  stop .29
[09:54] {dino} wwe l .65
01[09:57] {@Threei}  did TZA hit 1:1 or was it out of bounds print?
01[09:57] {@Threei}  got distracted
[09:58] {Alexs} it did
01[09:58] {@Threei}  k, ty
01[09:58] {@Threei}  1:1
01[09:58] {@Threei}  lol
[10:05] {RonS} lock broken
01[10:05] {@Threei} Long Setup:  DAL  .40 break
01[10:05] {@Threei}  If holds  .30
[10:06] {dino} rax hl s .76
01[10:08] {@Threei}  half out
01[10:08] {@Threei}  stop .39
01[10:14] {@Threei} Long Setup:  IWM  .15 break
01[10:14] {@Threei}  If holds  .05
01[10:15] {@Threei}  1:1
01[10:16] {@Threei}  1:2
01[10:17] {@Threei}  1:3
01[10:17] {@Threei}  out'
[10:17] {nemo} going to 1110
[10:17] {nemo} 111
[10:17] {nemo} 200 day
01[10:20] {@Threei}  1:4
[10:24] {dino} gj
01[10:25] {@Threei}  ty
[10:26] {goinshort} ty-V!
01[10:27] {@Threei}  yw :)
01[10:33] {@Threei}  so... 4 trades, 4 wins... and 1 got away by triggering too fast
01[10:33] {@Threei}  can I go home?
01[10:36] {@Threei}  don't answer all at once
01[10:38] {@Threei} Short Setup: SLW  .40 break
01[10:38] {@Threei}  If holds  .45
01[10:39] {@Threei}  just a scalp most likely
01[10:43] {@Threei}  things slowed down
01[10:49] {@Threei}  Current leaders of 'Donetsk People's Republic' see main task in preparing for Sept 14 parliamentary elections
01[10:50] {@Threei}  I say boys are losing their touch... referendum is being organized in two weeks, but they need whole 4 months for the elections?
[11:00] {thomcbell} there is ibm for data making rounds apparently dino nemo
[11:00] {thomcbell} splk is the comp
[11:02] {RonS} data ibm rumors been going for months thom
01[11:05] {@Threei}  Switzerland rejects highest living wage in the world in popular vote
01[11:06] {@Threei}  wide margin too, 76.3 percent opposed
01[11:06] {@Threei}  meh SLW
[11:12] {nemo} iwm back above the 200 day
[11:13] {RonS} wwe smackdown
[11:18] {_jaredt} great call earlier IWM - Threei, Nemo
01[11:18] {@Threei}  hi jared, thanks
[11:18] {nemo} one of my daily "broken clock" moments
01[11:19] {@Threei}  welcome to the jungle
[11:19] {nemo} now I hear Ian Anderson in my head
01[11:24] {@Threei}  - The Department of Justice said it was planning to bring criminal charges against China's military for cyberspying and economic espionage, setting a real precedent for international relations
[11:34] {dino} wwe drop
[11:34] {nemo} body slammed
[11:35] {RonS} hearing they had conferance call and evryone got disconnected...
[11:35] {nemo} not paying the phone bill
01[11:35] {@Threei}  World Wrestling Entertainment Inc CEO: We were a little bit disappointed in the NBCU deal we got, it was not exactly what we wanted but it is still a good deal - conf call- We see significant growth for the core business moving forward, feel very strong about our business model. -
[11:36] {nemo} lumpen cash flow down
[11:40] {thomcbell} spwr 32.28 short braek if holding 32.38
[11:40] {thomcbell} half lot for me
[11:49] {thomcbell} spwr no go
01[11:51] {@Threei} Short Setup: CAT  .10 break hl
01[11:51] {@Threei}  If holds  .20
[11:59] {dino} wwe l .10
[12:05] {goinshort} I'm still liking CAT setup
01[12:05] {@Threei}  so am I
01[12:05] {@Threei}  with SPY being glued to this range, difficult to count on effective break
01[12:06] {@Threei}  but hopefully gravity decides to prove it exists
[12:06] {goinshort} agreed
01[12:07] {@Threei}  nah, invalidated
[12:18] {dino} cov rax .59, +.16
[12:19] {RonS} a cup?
01[12:21] {@Threei}  (US) Fed's Fisher (FOMC voter, hawk): Congress has its foot on the breaks of the US economy even as the Fed has its foot on the gas - comments in Dallas- Sees Congress as biggest obstacle to better US growth.
01[12:22] {@Threei}  and with this thought he hopes to win a title of a smart man?
01[12:30] {@Threei}  I know it's annoying... but CAT is valid again
01[12:33] {@Threei}  my brain must still be in a weekend mode... why didn't we try aggressive at .20
01[12:34] {@Threei}  1:1
[12:34] {goinshort} missed it
01[12:34] {@Threei}  ugh
[12:40] {dino} wwe stop -.15
[12:49] {dino} crto spike
01[13:13] {@Threei}  clown time:
01[13:13] {@Threei}  Vice President Joe Biden's visit to Romania and Cyprus aims to reassure European allies of the U.S. commitment to the region in the face of Russia's role in the crisis in Ukraine
[13:14] {RonS} cyprus wtf?
01[13:14] {@Threei}  I was thinking the same, but then I saw Baltic countries in the visit schedule, and understood: he will need some sun time after cloudy climes
01[13:16] {@Threei}  you see, one of his life aspirations is to achieve the Boehner's tan
01[13:16] {@Threei}  matter of sheer envy of the entire WH and Congress
01[13:17] {@Threei}  In Cyprus, Biden will seek to strengthen Cypriot commitment to EU sanctions against Russia even though those measures could weigh heavily on Cyprus.
[13:18] {Alexs} nice
01[13:18] {@Threei}  Cyprus is Russia's favorite offshore banking center
[13:19] {Alexs} Cyprus will be happy
01[13:19] {@Threei}  Cyprus is among EU countries that have expressed reluctance to impose further sanctions on Moscow.
[13:19] {Alexs} lol
[13:20] {RonS} they're worried russia will invade to get their money...
01[13:20] {@Threei}  Biden, better pull your son out of the scandalous post in Ukraine energy company
01[13:20] {@Threei}  unbelieavable how tone deaf these guys are
01[13:21] {@Threei}  anyway, meeting with art for you while market is quiet
01[13:21] {@Threei}  http://www.arrestinglight.com/blog/2014/5/may-sights-other-than-tulips
06[13:22] * @Threei slaps nemo around a bit with a beautiful photo of Victoria shores
[13:30] {Alexs} Wolf of Wall Street Belfort Is Aiming for $100 Million Pay http://www.bloomberg.com/news/2014-05-19/wolf-of-wall-street-belfort-sees-pay-top-100-million-this-year.html
[13:35] {dino} funny movie, too bad based on truth
[13:47] {dino} dish spike
01[13:48] {@Threei}  US) Former Fed Chair Bernanke: Monetary policy was successful in avoiding deflation - comments in Dallas- Fed balance sheet could be maintained at a large size if deemed necessary, there is no need to shrink the balance sheet as the Fed normalizes its policy
01[13:48] {@Threei}  told you... clown time
01[14:25] {@Threei}  watching IWM for pullback entry
01[14:33] {@Threei} Long Setup:  IWM  .40 break
01[14:33] {@Threei}  If holds  .30
01[14:34] {@Threei}  .50 break buyers got punished for their inappropriate optimism
01[14:34] {@Threei}  let's see if it's time to make them really bitter
01[14:37] {@Threei}  half out
01[14:38] {@Threei}  stop to .35
01[14:41] {@Threei}  LOL... "I came to workplace to work, not to answer stupid questions about why I am sleeping here drunk!"
01[14:44] {@Threei}  stop to .39 now
01[14:47] {@Threei}  1:1
01[14:47] {@Threei}  now premature .50 buyers are bitter
01[14:47] {@Threei}  and reenter
01[14:47] {@Threei}  to push it higher for us
01[14:47] {@Threei}  DKTK is still a king
01[15:23] {@Threei} Long Setup:  GLD  .55 break
01[15:23] {@Threei}  If holds  .50
[15:31] {dptl} see ya tomorrow all
[15:31] {RonS} cya dp
01[15:31] {@Threei}  take care dp
01[15:34] {@Threei}  market's ramping up into eod
01[15:39] {@Threei}  meh
01[15:47] {@Threei}  OK guys, very quiet but decent day
01[15:48] {@Threei}  have a good evening, see you tomorrow
[15:48] {goinshort} thanks V !
01[15:48] {@Threei}  :)
[15:48] {_jaredt} ty
01[15:48] {@Threei}  yw jared

Friday, May 16, 2014

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateThe New Neutral



- Aggressive buying in government bond markets had many wondering if they should pay heed to warnings of a potential short squeeze this week. The action in US treasuries knocked the S&P500 off of all-time highs and sent the 10-year benchmark yield as low as 2.472%, matching the lows seen last October. A panicky reaction to weak European GDP numbers and a trial balloon in Athens regarding possible retroactive capital gains taxes on bond sales sent the 10-year bund yield momentarily below 1.30%. In addition, weak April China industrial output and fixed asset investment data also added to the scramble. The equity slide was more muted in Europe and Asia, and by Friday most US and global indices rebounded driven by options expiration. PIMCO chief Bill Gross made his mark on the week publishing his big new call on the next phase for the global economy: the 'New Neutral,' featuring "low returns but less downside risk than expected and an end to bull markets as we've known them." For the week, the DJIA lost 0.6%, the S&P500 slipped less than 0.1% while the Nasdaq added 0.5%, breaking the tech heavy index's three week losing streak.

- Inflation data out this week (coupled with the strong April NFPs) shows the Fed finally seems to be getting what it wants. April core CPI (which strips out volatile food and energy costs) rose to 1.8% from 1.7% in March, putting the measure at a 13-month high. April wholesale prices measured by the core PPI index were up to 1.9% from 1.4% in March, for the biggest m/m increase in the series since September 2012. At the same time, an NFIB's survey of small-business optimism for April showed sentiment at its best level since before the recession began in December 2007.

- Big retail chains Walmart, Macy's and Kohl's offered disappointing first quarter numbers, but after seeing countless earnings reports out over the last month citing the deleterious impact of winter weather on business, this comes as no surprise. On the other hand, former retail basket case JC Penny reported its second consecutive quarter of comp growth after nine straight quarters of decline. Weather was no excuse for the weak April US advance retail sales report's scant 0.1% gain, although the March numbers were revised to 1.5% from 1.1% prior, making the month's advance the biggest gain in the series in four years.

- Deere cut its equipment sales outlook for 2014 and its outlook for certain regional sales. Note that in its first quarter, agricultural equipment net sales declined 12% y/y. Net profit and revenue fell on a y/y basis, although earnings declined less than expected. According to Deere, the agricultural economy remains in a relatively healthy condition but farm income is forecast to be lower than last year.

- After several quarters of offering weak guidance, Cisco managed to post better than expected Q3 results and solid guidance for Q4. Nevertheless, as emerging markets challenges persist, the company still forecast a y/y decline in Q4 revenue even if it managed to top its own guidance and consensus targets.

- On Thursday, the FCC voted 3-2 to adopt new rules for governing broadband internet service. As written, the proposals would allow ISPs to enter 'paid prioritization' deals, giving some firms a 'fast lane' to customers, while also specifically prohibiting them from knowingly slowing data. The proposed rules are open to public comment for four months before a final vote, and the comments came fast and furious after the vote. Big telecoms seemed fairly content with the new structure, while a broad spectrum of large and small tech firms condemned it, claiming that it effectively gutted the principle of net neutrality.

- Hillshire Brands reached a deal to acquire Pinnacle Foods in a cash and stock transaction valued at $6.6 billion, including Pinnacle's outstanding net debt. The combined company would have about $6.6 billion in annual sales and maintain leading positions in frozen and refrigerated grocery categories. Deal making in the healthcare sector continues unabated: Kindred Healthcare made an unsolicited offer to buy Gentiva Health Services for about $514 million in cash and stock, and Abbot said it would acquire Latin American company CFR Pharmaceuticals for $2.9 billion.

- Only a portion of India's 550 million votes have been counted after national elections held over the last several weeks, but as of Friday the Indian National Congress, which has dominated for most of the post-Independence era, conceded the contest to Narendra Modi's Bharatiya Janata Party (BJP). The BJP will hold at least 272 out of 543 seats in parliament, meaning it could rule alone without a coalition government, the first party to do so since 1984. Rumors that Modi had won a supermajority drove India's Sensex up 6.1% early on Friday, before the index gave up most gains.

- Last weekend's 'independence' referendums in Eastern Ukraine came and went without much impact (most notable was the very tepid reception they got in Moscow), and this week there has been a distinct feeling that most parties involved in the crisis are looking for ways to de-escalate. There has been more troubling violence, but also late in the week thousands of steel workers and miners came out into the streets in the East in support of a united Ukraine and to help local police impose order. On the energy front, Putin insisted that Russia would still demand prepayment for Ukraine gas deliveries starting June 1st, even as both sides appeared to be working for a solution to the gas question. Negotiations between Russia, the EU and Ukraine on Ukraine's outstanding bill and future rates for gas are slated to take place on Monday, May 26th, and Russia PM Medvedev said the Kremlin is ready to talk about terms of payments if at least part of the nation's gas debt is paid.

- Tensions between China and its neighbors flared up this week after China placed an oil rig near the Paracel Islands - claimed by both Hanoi and Beijing - and began building an airstrip on one of the islands. There were reports that Chinese ships rammed Vietnamese coast guard vessels attempting to patrol near the oil rig. The actions triggered widespread protests in Vietnam that heavily damaged foreign factories, some run by Chinese firms but also a few run by Taiwanese and South Korean companies. Taiwan tech manufacturer Hon Hai - which manufactures Apple's iPhones and iPads, among many other mobile devices - told its workers in Vietnam to take a three-day leave of absence beginning on Saturday.

- On Tuesday morning, reports made the rounds that the Bundesbank was finally giving a green light to ECB stimulus action in June if 2016 inflation forecasts were lowered. EUR/USD came into the week around 1.3760 and plummeted to 1.3700 on the news. The Buba pooh-poohed the report, calling it nothing new, but in a major policy speech the next day Bundesbank President Weidman acknowledged that there was a slight deflation risk at the moment and said he would support ECB action if it was needed. Weidman stopped short of endorsing QE, calling it not the best solution to deal with low inflation.

- Advance Q1 GDP data from several European states and overall Eurozone advance GDP report were pretty weak. Besides Germany and Poland, every European state that reported missed expectations and all the peripheral states reporting saw negative q/q growth. Analysts said that the disappointing data will be another element pressuring the ECB to act in June to keep growth on track and fight deflationary risks.

- Cable hit one-month lows under 1.6750 after the Bank of England quarterly inflation report was a bit dovish, diminishing the risk of an early rate hike. The BOE left its growth and inflation forecasts broadly unchanged, meaning a rise of its main benchmark rate is still expected in the first half of 2015.

- The Shanghai Composite hit a two-week high above 2,050 on Monday but quickly retreated on the heels of an underwhelming set of economic data on Tuesday. China Industrial output growth of 8.7% missed the 8.9% consensus, while fixed asset investment YTD growth was the slowest on record at 17.3%, below the 17.7% estimate. Secondary data from the mainland were similarly tepid: CNY770B in April new lending was below CNY800B forecast, power consumption grew less than 5% and non-performing loans in the banking sector for the first quarter spiked up by the biggest margin since 2005. Kynikos' Jim Chanos reiterated his bearish call on the China property sector and Fitch affirmed its below-the-official-target 7.3% GDP forecast for 2014 after the "almost universally weaker" round of economic indicators.



May 16 2014

As usual lately, active morning and half-dead afternoon. Decent day though as morning was fruitful


Session Time: Fri May 16 00:00:00 2014
[09:00] {thomcbell} rax is nuts
[09:01] {thomcbell} just keeps going
[09:01] {thomcbell} analysts jumped on bandwagon
01[09:01] {@Threei}  wow
[09:07] {dino} gm
[09:07] {RonS} gm gentledudes
01[09:07] {@Threei}  dino, ron :)
01[09:08] {@Threei}  gentledude? is it a creature in a tux riding lawnmower with beer in hand?
[09:14] {troub} good morning you all
01[09:15] {@Threei}  troub :)
[09:16] {dptl} good morning
01[09:16] {@Threei}  dp :)
[09:17] {dino} wwe smackdown
01[09:19] {@Threei}  50%... still haircut or already beheading?
[09:20] {RonS} rax braless...bouncing all over the place
01[09:21] {@Threei}  General Motors Corp US Dept of Transportation schedules a "major announcement" regarding the ignition recall issue; Sec Foxx to make a statement on the probe - press**NOTE: DOT has been imposing fines of $7K/day (the maximum fine) as it tries to determine why it took GM approx 10 years to issue the recall on the persistent ignition switch problem.
[09:21] {Alexs} good morning
01[09:21] {@Threei}  alex :)
[09:21] {dino} lol ron
[09:22] {dino} no wonder govt was selling its gm stock
01[09:23] {@Threei}  ron... I start thinking cmpanies should use you as a focus group when pick names
[09:23] {RonS} hehe
[09:24] {nemo} Hey Dino!  keep an eye on RAX it's exploded on news of seeking strategic alternatives
[09:24] {ese} morning
01[09:24] {@Threei}  ese :)
[09:24] {dino} on it
[09:24] {ese} vad dino
01[09:24] {@Threei}  and WWE nemo
01[09:25] {@Threei}  ese, you scared the living daylight out of nathan yesterday
[09:25] {ese} huh.....what'd i say
01[09:25] {@Threei}  [11:46] {ese} once again another morning wasted...........sigh......cya tomorrow
01[09:26] {@Threei}  he thought there was some big loss that doscouraged you or something like that
[09:26] {ese} ohhhhhh......just meant another busy day...no time to trade properly
01[09:26] {@Threei}  yeah, we know... he didn't
[09:27] {ese} another week and a ½ to go.....show or rehearsal every night
01[09:27] {@Threei}  quiet premarket in indices
[09:28] {ese} get nemo and Les to beat the guy up a little.....that'll toughen him him up
01[09:29] {@Threei}  WWE is begging for a bounce
01[09:31] {@Threei}  GLD two-sided, .30 - .40
01[09:34] {@Threei} Short Setup: FB  .15 break hl
01[09:34] {@Threei}  If holds  .25
01[09:34] {@Threei}  1:1
01[09:36] {@Threei}  1:2
01[09:36] {@Threei}  yuck GLD
[09:37] {ese} L amat .61
[09:39] {ese} c mon......that a good little stocky......
01[09:39] {@Threei}  out FB in full
[09:39] {ese} opps
[09:39] {dino} wwe hl l .89
[09:40] {thomcbell} spwr looks vulnerable here
[09:40] {ese} L amat .57 avg .59
[09:41] {ese} OUT!!!!!!!!!!!!!!! amat .69
[09:41] {ese} +.10
01[09:41] {@Threei} Long Setup:  DAL  .70 break
01[09:41] {@Threei}  If holds  .60
01[09:42] {@Threei}  stop to .64
01[09:42] {@Threei}  1:2
01[09:42] {@Threei}  1:1
[09:45] {dino} gj ese
[09:45] {ese} tks.....was 200 bucks the easy way
[09:46] {ese} look at it now though......blighter!!!!!!!
[09:47] {thomcbell} adsk on short watch here
[09:48] {ese} ya...been watching that as well thom
01[09:49] {@Threei} Long Setup:  IWM  .45 break
01[09:49] {@Threei}  If holds  .35
[09:49] {ese} but lookin at it long though
[09:49] {nemo} numbers @9:55
[09:49] {thomcbell} tu
[09:49] {thomcbell} that was a nice bounce
01[09:49] {@Threei}  1:1
01[09:50] {@Threei}  1:2
[09:50] {ese} you talkin adsk thom.....
[09:50] {ese} would have been a good scalp there
[09:50] {Alexs} nice one Mr Sherlock Holmes
01[09:51] {@Threei}  it's elementary Watson...
[09:51] {Alexs} :)
[09:51] {thomcbell} yes
[09:51] {ese} vad is always primed a nd ready every morning
[09:51] {ese} nothing escapes the guy
01[09:51] {@Threei}  while we are waiting for numbers... one of my favorites:
01[09:52] {@Threei}  (laying on the back and looking into starry sky) Watson, we can see all the stars... what does it tell us?
[09:52] {ese} as a matter of fact.......he's got an intravenous line of vodka beside his trading desk  with constant flow to keep him pumped up
01[09:53] {@Threei}  Watson: ummm... well.. there is this, umm, Universe... stars, planets...
01[09:53] {@Threei}  Holme: No Watson... someone stole our tent!
[09:53] {ese} on days when he''s not doing much the vodka intravenous is on slow drip
01[09:54] {@Threei}  this is just rumors, ese...
[09:54] {Alexs} lol Vad like it too
01[09:54] {@Threei}  *(US) MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 81.8 V 84.5E
[09:54] {ese} ouuuuuu and they were predicitng higher
01[09:55] {@Threei}  and about smoking pipe, alex... but that one is not very family-friendly
[09:55] {Alexs} unrated?
[09:55] {ese} hmmmmspyders reacting down
01[09:56] {@Threei}  good thing IWM was finished before numbers
01[09:57] {@Threei}  too bad we didn't reenter
01[09:57] {@Threei}  lol
[09:58] {ese} spyders now taking off
[09:58] {dino} 07 green
[09:58] {dino} tna l .90
[10:00] {dino} out tna .10, +.20
[10:01] {thomcbell} jmei new issue
[10:01] {thomcbell} like vips
[10:04] {dino} emes blood
[10:04] {ese} talk about yer basic whipsaw day.....sheesh
[10:05] {dino} 07 red
[10:06] {dino} emes sm l .64
01[10:06] {@Threei} Long Setup:  DAL  .65 break
01[10:06] {@Threei}  If holds  .58
[10:07] {dino} out emes .18, +.54
01[10:07] {@Threei}  Invalidated
[10:08] {dino} whippy, scalp mode
[10:09] {troub} gj all morning dino
[10:10] {dino} ty
01[10:10] {@Threei}  valid again
[10:10] {dino} tna l .99
01[10:11] {@Threei}  same stop, .57
[10:11] {dino} out tna .18, +.19
[10:11] {thomcbell} surprised that there is no pressure on spwr
[10:13] {dino} great trading song, under pressure
[10:13] {dino} damn tna wanted .90
01[10:14] {@Threei}  stop .59
[10:14] {dino} not sure now
01[10:16] {@Threei}  1:1
[10:16] {dino} tricky, little break in order
[10:17] {dino} gioddy-up
[10:18] {dino} tna l .38
01[10:18] {@Threei}  1:2
[10:20] {dino} stop tna .32 -.06, bad entry
[10:21] {dino} head fakes
[10:24] {dino} these drops are brutal, emes -18 3 days, dxpe -44 3 days, etc
[10:24] {dino} wwe-9
01[10:26] {@Threei}  then there is RAX...
[10:26] {dino} no sagging there
[10:26] {nemo} yeah, it's kinda' crapped out here watching it
[10:26] {RonS} lol  good one
[10:26] {nemo} Morgan Stanley probably trying to keep it propped up
[10:26] {dino} wanted s at 36.60, never got there, hit .40s
[10:27] {dino} wwe -9 and sits, wtf
[10:28] {nemo} today is weird because of OP EX
[10:28] {dino} all week weird imo
[10:28] {nemo} http://goo.gl/6GgK0E
[10:28] {nemo} yeah, coming from the guy who sees dead people
[10:28] {dino} we have a momo crash going on, somebody big must be blowing up
[10:29] {dino} tna l .88
[10:29] {dino} .78 that is
[10:30] {dino} out tna .98, +.20
[10:31] {thomcbell} adsk pretty impressive
[10:32] {nemo} http://goo.gl/BijmWH
[10:37] {nemo} RAX=BOOM
[10:37] {thomcbell} very interesting daily chart on LINE
[10:37] {thomcbell} normally wouldnt do a vad like setup in a low vol stock but 29 long break if holding 28.90
[10:41] {dino} wwe to .49
[10:44] {dino} out wwe .59, +.70
01[10:44] {@Threei}  wtg
[10:44] {dino} ty
01[10:48] {@Threei} Short Setup: FB  .60 break
01[10:48] {@Threei}  If holds  .70
[10:50] {Alexs} looks like DKTK
01[10:54] {@Threei}  held by fingertips
[10:55] {dino} tna l .42
[10:58] {dino} out tna .47, +.05
01[10:59] {@Threei}  nervous trade
[10:59] {dino} yeah, thought we were breaking upwards
01[11:00] {@Threei}  come on FB, work finally
[11:00] {dino} rax going to test the hod?
01[11:00] {@Threei}  looks like
01[11:00] {@Threei}  1:1
01[11:00] {@Threei}  finally
[11:01] {thomcbell} morning high over 39
[11:01] {thomcbell} rax
01[11:01] {@Threei}  yes, around 9:05
[11:01] {dino} hmmm, was thinking the 37.37
01[11:04] {@Threei}  that's after open dino
01[11:04] {@Threei}  thom means premarket
[11:04] {dino} yeah
[11:04] {nemo} see where the USDA is buying sub-machine guns and creating their own internal swat teams?
[11:05] {dino} no idea, better worlds perhaps
01[11:05] {@Threei}  why nemo?
[11:05] {dino} what are they going to do, shoot cows?
[11:07] {nemo} interesting...the military swears allegiance to the Constitution even though it is under civilian rule, so it's first duty is to defend the Constitution.  Federal Employees have no such mandate.  If you notice, federal agencies that would seem to have no need for security apparatus are adding internal armies
01[11:07] {@Threei}  sounds very conspiratorial to me
[11:08] {nemo} factual
[11:08] {dino} just blowing more of the taxpayers $$$
[11:08] {dino} emes smr l .00 risky, wide
[11:12] {RonS} gogo going
[11:16] {dino} rax smr s .00 stop hod
[11:18] {Alexs} does civilian rule can contradict constitution nemo?
[11:18] {nemo} Constitution supposedly trumps all, but that's a matter of interpretation
[11:19] {nemo} Founding Fathers did not trust goverment because it was run by men
[11:19] {nemo} people suck
[11:20] {dino} partial out emes .95, +.95
[11:24] {dino} rax bs to .85
[11:25] {dino} cov +.15
[11:33] {Alexs} I think most of the people haven't read the Constitution unless they are new immigrants nemo, so most of the soldiers don't know what they must to protect
[11:33] {nemo} it's not the soldiers the elected officials worry about, it's the generals
[11:34] {nemo} why do you thing Stalin sent Zhukov to cut trees for the glory of the Proletariat
[11:34] {nemo} ?
[11:35] {dino} right get rid of the leaders first
01[11:35] {@Threei}  there were too many soldiers cutting those trees without proper coordination?
[11:35] {nemo} always a frickin' comedian
01[11:36] {@Threei}  finally my humore is getting recognition
01[11:36] {@Threei}  -e
[11:36] {Alexs} lol
01[11:39] {@Threei}  but yes, there was a deep, albeit perverted, logic behind Stalin's constant rotation of the echelons of authority
01[11:40] {@Threei}  it went in waves, and no one was safe beyond the timeframe of his wave
01[11:40] {@Threei}  let them take root, they become dangerous as their ambitions and power grows
[11:41] {dino} fear motivates and keeps you in line
[11:41] {nemo} Yeah, unfortunately, after Zhukov won WWII he was a god, and Stalin had to walk carefully
01[11:41] {@Threei}  instead, nurture next generation and let them take over, send previous ones to Siberia
01[11:41] {@Threei}  new ones are faithful and hungry, they serve well... until their time comes
[11:41] {nemo} Breznev hated him though
01[11:44] {@Threei}  OK, here is visual evidence that Russia lost its collective mind:
01[11:44] {@Threei}  http://newslanc.com/images/slava_confession9.png
01[11:44] {@Threei}  painting's title:
01[11:44] {@Threei}  Putin Saves Russa
[11:45] {dino} rax smr s .61
[11:52] {RonS} omg dds...or as an old boss used to say Dilluhds...
[11:58] {dino} animal
[11:58] {RonS} 2 million shares short lit up
[11:58] {thomcbell} jmei getting its footing here
[11:58] {thomcbell} im long very small
[11:59] {RonS} lgf roariing
[11:59] {RonS} -i
[12:00] {RonS} hearing a lion roar in person is deeply disturbing...
[12:01] {RonS} without thinking you want to run
01[12:02] {@Threei}  lol
01[12:05] {@Threei}  EU is in a mode splendidly described by one commentator as of "impotent megalomania"
01[12:05] {@Threei}  lol... quite precise
[12:05] {RonS} azn smack
[12:06] {thomcbell} Out 1/2 jmei
01[12:08] {@Threei} Short Setup: FB  .50 break hl
01[12:08] {@Threei}  If holds  .60
01[12:12] {@Threei}  meh
[12:12] {Alexs} in what context it was said about EU Vad?
[12:12] {goinshort} double meh
01[12:13] {@Threei}  their mishandling of multiple political and economic cases
[12:14] {RonS} witnessing everyone walking around with their head up their ass?
01[12:14] {@Threei}  pretty much
[12:15] {Alexs} I think it's a general disease for all big countries now
01[12:16] {@Threei}  well... there is a big difference between EU and USA
[12:16] {dino} rax won't move bs is .91, brb
01[12:16] {@Threei}  in EU the impotence is structural
01[12:17] {@Threei}  in USA, imposed by current regime
[12:18] {dino} missing reagan
[12:19] {Alexs} don't agree, waht Bush did was very far from capitalism too
01[12:20] {@Threei}  yeah but there is world of difference between his mistakes and this deliberate destruction that we see today
01[12:20] {@Threei}  Bush didn't set out to cut USA down to size
[12:21] {dino} rax stop -.30
[12:21] {Alexs} I don't think it's deliberate destruction they just do what most of the people want
[12:22] {RonS} it is totally ideological alex...communists at heart
[12:22] {dino} out remainder emes .92, +.92
01[12:22] {@Threei}  not at all alex
01[12:22] {@Threei}  I don't believe most people want to diminish America's might and role
[12:23] {troub} another fine job dino
01[12:23] {@Threei}  if current administartion formulated its purposes this way, people would disagree strongly
01[12:23] {@Threei}  lucky again dino?
[12:24] {dino} ty troub
[12:25] {dino} ron i agree w/you
[12:25] {Alexs} most of the people are communists at heart Ron
[12:25] {dino} yeah 3i, that was a bitch to get out of
[12:25] {RonS} what people?
01[12:25] {@Threei}  most of stupid people you mean
[12:25] {Alexs} people who vote
01[12:26] {@Threei}  or, you are very unlucky with who surrounds you :)
[12:27] {troub} if dino laid his hand on my head and said magic words, wouold I be lucky too?
[12:27] {Alexs} Vad looks like you're dreaming
01[12:27] {@Threei}  I am not
01[12:28] {@Threei}  if that was so, no conservative government would have ever been elected
[12:28] {Alexs} remember Mitt Romney 47%?
01[12:28] {@Threei}  but we have one in Canada, fior the last deacde
[12:28] {nemo} boy was that taken out of context
01[12:28] {@Threei}  USA had one for previous 8
01[12:29] {@Threei}  you should have seen last election in BC
01[12:29] {@Threei}  where socialists started election with 23 points lead and lost it
01[12:30] {@Threei}  none of that would ever happen if voters were inherently communist minded
01[12:30] {@Threei}  don't oversimplify... each election has a context
[12:31] {Alexs} lets see when  next time we will have conservative government in US
01[12:32] {@Threei}  surely current administration makes it difficult, by making wider ciorcles of society government dependent
01[12:32] {@Threei}  it doesn't mean that voters are necessary communists
01[12:32] {@Threei}  it's a manipulation of fabric of society
01[12:33] {@Threei}  and dumbing down average voter
01[12:33] {@Threei}  sure, the dumber they are the more communist their mindset is
[12:33] {Alexs} what do you call communist, the guy who read Marx or what?
01[12:33] {@Threei}  no
01[12:34] {@Threei}  ideological mindset
[12:34] {dino} exactly. i've been saying that for years. dumb them down to control them. give them handouts to control them. its not about whats right...its all about getting elected.
01[12:34] {@Threei}  all the equality crap
[12:34] {dino} again, exactly
[12:35] {RonS} meantime 1984...the more equal are those working for the freakin government
01[12:35] {@Threei}  yeah
01[12:35] {@Threei}  that was right on target
[12:35] {dino} somebody has to win and somebody must lose
[12:36] {dino} these participation trophies drive me nuts. gets young kids thinking they don't need to try to win
[12:36] {RonS} and somebody lucky and skillful...  :)
[12:36] {Alexs} look at the tv all chanels in the US talking about income inequality day and night, this is communism
01[12:36] {@Threei}  that's part of it dino
01[12:36] {@Threei}  yes alex... this is what I am saying
[12:36] {dino} agreed alexs. media is controlled by liberals
01[12:37] {@Threei}  not sure why you argue while you say the same thing :)
01[12:37] {@Threei} Long Setup:  RAX  .95 break hl
01[12:37] {@Threei}  If holds  .85
[12:38] {Alexs} so you think most of the people in the country don't agree with what they talking about on TV?
01[12:38] {@Threei}  you are changing the wording
01[12:39] {@Threei}  you said voters are inherently communist-minded
01[12:39] {@Threei}  I disagree with that
01[12:39] {@Threei}  if you are saying they ase being brainhwashed this way, and increasingly believe it, yes, I agree
01[12:40] {@Threei}  whether enough of them are brainwhashed already to change the composition of government from now on and forever, remains to be seen
[12:40] {Alexs} it's most of the people nature I think
[12:40] {RonS} but tv isn't the real problem, it's the teachers and schools...
[12:40] {nemo} it's a total system Ron
01[12:41] {@Threei}  it's all parts of it...
01[12:41] {@Threei}  tc, shools, campuses, social networks
01[12:41] {@Threei}  meh RAX
[12:42] {RonS} The new poll, released Thursday, finds 37 percent of voters answer “yes” when asked: “would you say you generally trust the federal government?” Six in 10 say they don’t trust the government
[12:43] {Alexs} Atlas Shrugged is not a fantasy it's a real picture of the world
[12:43] {RonS} communists eh Alex?
[12:44] {Alexs} It doesn't mean they are for free market capitalism Ron
[12:45] {Alexs} nobody trust the government now even communists
[12:46] {Alexs} because they wanted to get more help
[12:46] {RonS} true, few are...read Smith on business people...everyone wants their monopoly...but it does not mean they are communist...Obama is a communist as well are his cohorts
[12:46] {nemo} Nothing is a "real" picture of the world, it's a view with aspects of truth
[12:48] {RonS} 3i speaks and writes with the most clarity on this than 99.99% of the people on earth imo
[12:49] {dino} perception is reality, in stocks, and in the world
01[12:49] {@Threei}  {-- copying - pasting in e-mail - sending it to wife who says I am impossible to understand
[12:50] {RonS} oh no, someone has broken ranks:  NATO Secretary General Anders Fogh Rasmussen said President Vladimir Putin’s assurances that Russia has no plans to intervene further in Ukraine can’t be believed
01[12:51] {@Threei}  except physics dino... I tried to perceive the world without gravity once in hope it would become reality. Guess what - bruises are very real
[12:52] {dino} you need to drink heavier
[12:53] {dptl} lol..i tried that Dino...gravity became even stronger
01[13:26] {@Threei}  OK... I am just back from experiment
01[13:26] {@Threei}  dp is right
01[13:27] {@Threei}  bruises are larger
01[13:27] {@Threei}  and bluer
01[13:27] {@Threei}  and it looks like alcohol doesn't help find answers... it helps to forget the questions
[13:29] {dino} rax hl s .70
[13:30] {nathan} hi gents
01[13:30] {@Threei}  hi nathan
01[13:31] {@Threei}  3 very important thing happened today that you missed
01[13:31] {@Threei}  we extensively discussed and discovered that:
01[13:31] {@Threei}  1. communism is no good
01[13:32] {@Threei}  2. Gravity exists
[13:32] {nathan} totally agree
01[13:32] {@Threei}  3, Alcohol doesn't help fight gravity
[13:32] {nathan} lol
01[13:32] {@Threei}  there, you are all caught up
[13:32] {nemo} no, but it reduces the pain of an extreme gravity event
[13:32] {nathan} :-)
01[13:34] {@Threei}  new term from russian space: resovietization of the mentality
01[13:43] {@Threei}  eBay Inc Investor Relations: No comment on earlier rumors concering takeover speculation- Reminder: Earlier: Google said to be interested in acquiring EBAY for ~$65/shr
01[13:44] {@Threei}  oh good, make anyione's purchasing history public knowledge
01[13:45] {@Threei}  (IR) Current round of negotiations on Iran's nuclear program have ended without the release of a joint statement, Iran and the P5+1 contact group still targeting final deal by July 20th - press
01[13:46] {@Threei}  let me guess... final deal will be "we are building our nuke and you can kiss our a$$es"?
[13:46] {Alexs} btw Vad alcohol helps fight communism, when in the USSR left nothing but alcohol communism fell
01[13:46] {@Threei}  joint statement will state that the final deal is finally reached in a final triumph of diplomacy
01[13:47] {@Threei}  I am not sure what was the chicken and what egg, Alex... it's also possible that communism survived for so long thanks to alcoholism? :)
01[13:48] {@Threei}  sober people would have dumped it much sooner?
[13:51] {Alexs} Prohibition in the US shows something different
01[13:51] {@Threei}  too short-lived to reveal all the consequences...
[13:55] {Alexs} "The New Deal" was the product of that time
01[14:01] {@Threei}  new deal was the crisis outcome
01[14:02] {@Threei}  socilaistic-leaning reactions to economic crises is usual phenomenon
[14:02] {Alexs} Roosevelt: Throughout the nation men and women, forgotten in the political philosophy of the Government, look to us here for guidance and for more equitable opportunity to share in the distribution of national wealth... I pledge myself to a new deal for the American people. This is more than a political campaign. It is a call to arms
[14:03] {Alexs} sounds familiar, huh?
01[14:03] {@Threei}  of course
01[14:03] {@Threei}  FDR was a socialist, what else is new
[14:04] {Alexs} 13 years without alcohol...
01[14:04] {@Threei}  GM: we will focus on becoming an industry leader in safety
01[14:04] {@Threei}  poor industry...
[14:07] {dino} i think govy knew about these issues and sold before they were disclosed
[14:08] {dino} govt
[14:10] {RonS} there was plenty of alcohol alex...ole man kennedy built his fortune running it out of canada, as did al capone etc...bootleggers in south spawned nascar through their drivers etc...bathtub beer...
01[14:10] {@Threei}  richest men in Canada too
[14:12] {Alexs} yeah Ron I saw it in a movies but the fact is there was no legal production and sale
[14:13] {Alexs} it was very "progressive" act
[14:14] {RonS} more moral impetus prompted by Carrie Nation
[14:18] {RonS} little know fact was that the per capita consumption of alcohol had gone down in the country by 66% since the 1840's by that time
[14:18] {RonS} but the country was on a morals kick stemming from the reaction to the drug addictions out the the Civil War
[14:19] {RonS} morphine addicition was terrible in the country in the 1870's and '80's...look up laudenum...
[14:20] {Alexs} so you think it was a right decision?
[14:21] {RonS} prohibition?
[14:21] {Alexs} yes
[14:21] {RonS} goes against the nature of man...unfortunately
[14:24] {dino} rax bs to .46
[14:26] {dptl} .56 for me
[14:28] {dino} to .39
01[14:28] {@Threei}  nice one
[14:28] {dptl} to .52 :)
[14:28] {dino} lol, wide on it
[14:28] {dptl} small
01[14:29] {@Threei}  dino, anytime you want me to smack dp for you, just say a word
[14:29] {dptl} and i got in at .76
[14:29] {dino} where you in short at?
[14:29] {dino} ok
[14:29] {dino} surprised it doesn't drop faster
[14:29] {nemo} first day of hopium
[14:30] {thomcbell} wow is it dead out there
[14:30] {dino} yeah
[14:30] {nemo} OP EX friday
[14:32] {dino} cov rax .39, +.31
[14:34] {RonS} alex, figured out why the Civil War caused addiction?
[14:35] {Alexs} why?
[14:37] {RonS} when you got wounded, if you did not die, the doctors probably amputated some limb on about 40% of the wounded...not time for slow treatment...morphine administered wantonly...veterans came home addicted
[14:37] {Alexs} oh
[14:37] {RonS} no retricitons to access in those days
[14:38] {Alexs} that was sad
[14:40] {RonS} noone knows this history
[14:41] {RonS} figured it out on my own when i wanted to write a research paper on the history of drugs in the US
[14:42] {Alexs} interesting fact
[14:43] {RonS} university i went to happened to have a huge collection of late 20th century newspapers etc...the stories were horrifying...that is why restrictions came
[14:44] {RonS} s/b late 19th
[14:50] {nathan} have a nice weekend
[14:51] {nathan} take care
01[14:51] {@Threei} Long Setup:  EBAY  .95 break
01[14:51] {@Threei}  If holds  .85
01[14:51] {@Threei}  have a good one nathan
[14:54] {dino} cya nat
[14:54] {dino} damn stop too tight rax
[14:54] {nemo} should have kept it a few cents above vwap
[14:58] {nemo} gap up on Monday
01[14:59] {@Threei}  up up and away
01[14:59] {@Threei}  FB spike
01[15:01] {@Threei}  stop to .89 EBAY
01[15:02] {@Threei}  should have been broken 52 already, with this market strength
[15:02] {goinshort} stuck at r2
[15:02] {nemo} so, if the market comes in, probably not a good idea to hang around
01[15:03] {@Threei}  that's why stop tightening
[15:04] {dptl} have a good weekend all, see ya monday
01[15:04] {@Threei}  take care dp
[15:13] {RonS} sheesh dino look daily ande
[15:15] {dino} grad death
01[15:16] {@Threei}  half out EBAY
[15:17] {dino} looking atr it ron, but supp looks lower by 2=/-
[15:18] {dino} would like to see more of a whoosh drop to it, bit too controlled
[15:20] {goinshort} out ebay - got a scalp - thanks
01[15:20] {@Threei}  :)
[15:20] {goinshort} thanks all -cya next week
[15:21] {dino} cya gs
01[15:21] {@Threei}  have a good one gs
01[15:24] {@Threei}  another photo sale, canvas.. http://www.arrestinglight.com/downtown/h299f55f9#h299f55f9
01[15:24] {@Threei}  I become popular {G}
[15:50] {dino} calling it a week, thanks all for ideas, gn
01[15:50] {@Threei}  take care dino
01[15:50] {@Threei}  thank you all
01[15:50] {@Threei}  have a great weekend, see you Monday!
[15:50] {dino} ron you had ande right
[15:52] {nemo} the old 2:00 pm melt up
[15:52] {nemo} too much fun for me aufwiedersehen
[15:56] {thomcbell} good weekend all

Thursday, May 15, 2014

May 15 2014

This Catch of the Day is about so-called DKTK way to trade standard setups. Stands for Don't Kid The Kidder, and essentially comes to the following: when during lunch time market starts shaking out traders using standard entries, we stop taking those. Instead we wait for a setup to fail, and enter after the stops get hit. Chart below with comments embedded will help to see it. Standard entry would have been around .82 with stop under .70, and it would have been stopped. Instead, we waited for this to happen and bought .71 after the shakeout. Market got rid of the premature buyers and proceeded to 1:3.


Overall, quite spectacular day with 1:3 and 1:2 trades generously sprinkled throughout, and just two stops. Finished with 1:3 on IWM as well.

[09:02] {dino} gm
01[09:02] {@Threei}  dino :)
[09:06] {dptl} good morning
01[09:06] {@Threei}  dp :)
[09:14] {troub} good morning you all
01[09:14] {@Threei}  troub :)
[09:14] {thomcbell} gm
01[09:14] {@Threei}  thom :)
01[09:15] {@Threei}  *(US) APR INDUSTRIAL PRODUCTION M/M: -0.6% V 0.0%E; CAPACITY UTILIZATION:78.6 % V 79.1%E- Manufacturing Production: -0.4% v +0.3%e
01[09:18] {@Threei}  US 10-year yeild tests 2.5% for first time since last fall
[09:18] {nathan} gm all
01[09:18] {@Threei}  nathan :)
01[09:19] {@Threei}  bond vigilantes are about to start shooting themselves?
01[09:20] {@Threei}  WMT -3% this fine morning
[09:20] {RonS} gm
01[09:20] {@Threei}  Wal-Mart Stores Inc Reports Q1 $1.11 v $1.15e, R$115B v $115.9Be- Guides Q2 $1.15-1.25 v $1.28e, Walmart US SSS seen 'relatively flat'
01[09:20] {@Threei}  ron :)
01[09:20] {@Threei}  now, this amazes me:
01[09:20] {@Threei}  Wal-Mart Stores Inc On track to open in FY15 115 super centers, 180-200 neighborhood stores and 90-100 express stores - conf call
01[09:21] {@Threei}  they still haven't run out of cities to put stores in?
[09:21] {RonS} no kidding
[09:23] {ese} morning...awesome get to make it for part of another day
01[09:23] {@Threei}  ese :)
[09:23] {ese} morning vad
[09:24] {RonS} bada bing ese
[09:24] {ese} mornin ron......
[09:26] {goinshort} morning all
01[09:26] {@Threei}  gs :)
[09:27] {RonS} nq Block clocked
01[09:28] {@Threei}  will keep WMT on radar
01[09:29] {@Threei}  it was a bit too narrow lately but today's gap might reactivate it
[09:29] {Alexs} good morning
01[09:29] {@Threei}  alex :)
01[09:30] {@Threei} Long Setup:  FB  .90 break
[09:30] {dino} emes drop
01[09:30] {@Threei}  yeah right
01[09:30] {@Threei}  30 cents in a blink of eye
01[09:32] {@Threei} Long Setup:  WMT  .60 break hl
01[09:32] {@Threei}  If holds  .50
01[09:33] {@Threei}  1:1
01[09:34] {@Threei} Short Setup: AIG  .35 break
01[09:35] {@Threei}  If holds  .45
01[09:35] {@Threei}  1:2  WMT
01[09:36] {@Threei}  trail to .41 AIG
[09:36] {nathan} gj WMT
01[09:36] {@Threei}  ty
[09:37] {thomcbell} fnsr 23 break if holding 23.10
01[09:37] {@Threei}  tough spread thom
01[09:38] {@Threei}  1:1  AIG
[09:38] {nemo} you should hold a piece of WMT as long as you can
[09:39] {thomcbell} fnsr 1:1
01[09:39] {@Threei}  yeah, has more upside
01[09:39] {@Threei}  1:2  AIG
[09:40] {thomcbell} will close out fnsr at 22.70 and 22.60
01[09:42] {@Threei}  nice one
[09:43] {thomcbell} flat fnsr
01[09:46] {@Threei} Long Setup:  WMT  .70 break
01[09:46] {@Threei}  If holds  .60
01[09:46] {@Threei}  WMT Tier 1 Firm reiterates Buy rating, price target $90
01[09:47] {@Threei}  timely
01[09:47] {@Threei}  1:1
[09:47] {dino} yy sm l .00 wide
01[09:47] {@Threei}  1:3  AIG
01[09:47] {@Threei}  out in full
01[09:48] {@Threei}  (US) Preview: May NAHB Housing Market Index due out at 10:00ET (14:00 GMT)- Consensus expectations: 49e v 47 prior **Reminder: The Jan reading of 46 was the lowest since May 2013 while the Dec reading of 58 matched an eight-year high seen in Aug
01[09:48] {@Threei}  (US) Preview: May Philadelphia Fed Business Outlook expected at 10:00 ET (14:00 GMT)- Consensus expectations: 14.0e v 16.6 prior (**Note: The April reading was the highest since Sept 2013))
01[09:50] {@Threei}  1:4... can I have some back?
[09:50] {dino} yy stop
01[09:51] {@Threei}  Russian President Vladimir Putin says from next month Russia will only deliver gas to Ukraine if it pays in advance
01[09:51] {@Threei}  right... the easiest way to pump those IMF funds into russian pockets
01[09:58] {@Threei} Long Setup:  AIG  .05 break
01[09:58] {@Threei}  if numbers are good and market bounces
[09:59] {dino} yy sm l .50
01[09:59] {@Threei}  *(US) MAY NAHB HOUSING MARKET INDEX: 45 V 49E
01[09:59] {@Threei}  *MAY PHILADELPHIA FED BUSINESS OUTLOOK:15.4 V 14.0
01[09:59] {@Threei}  AIG valid
01[09:59] {@Threei}  If holds  .95
[10:04] {RonS} scty lights out
01[10:04] {@Threei}  WMT tries
01[10:05] {@Threei}  trail AIG to .99
[10:09] {nathan} nice breakdown on C
01[10:12] {@Threei}  meh
[10:12] {nemo} look for bounce spy at 187 with floor around 186.80
01[10:13] {@Threei}  observing ETFs to see which is the best to capture these downward moves...
01[10:13] {@Threei}  TZA is so-so
01[10:14] {@Threei}  but FAZ looks just right
[10:14] {nemo} algo at extreme selling
01[10:20] {@Threei} Long Setup:  FB  .20 break
01[10:20] {@Threei}  If holds  .10
01[10:20] {@Threei}  change to .10 break
01[10:20] {@Threei}  If holds  58
01[10:22] {@Threei}  1:1
01[10:23] {@Threei}  1:2
[10:28] {nemo} QCOR only green stock
[10:28] {nathan} and MSFT
01[10:29] {@Threei}  (GR) Greece Finance Ministry denies earlier reports that it would be putting a retroactive tax on capital gains booked in 2014 by foreign holders - press- Clarifies that capital gains booked on Greek bonds by foreign holders between Feb 29, 2012 and Dec 31, 2013 are still subject to the old tax code put in place in 2012.
01[10:34] {@Threei} Short Setup: FB  58 break
01[10:34] {@Threei}  If holds  .10
[10:35] {nemo} finnies new lows
01[10:35] {@Threei}  valid
01[10:36] {@Threei}  lol
01[10:36] {@Threei}  good luck getting it
[10:37] {thomcbell} wmt 77.15 short break if holding 77.23
[10:37] {thomcbell} 1:1
[10:42] {dino} ssys sm l .99
[10:44] {thomcbell} aal 38 long break if holding 37.90
01[10:45] {@Threei} Short Setup: GLD  .20 break
01[10:45] {@Threei}  If holds  .30
[10:58] {nathan} why is so frozen?
01[10:58] {@Threei}  ?
[10:59] {nathan} spy
[10:59] {nathan} after the fall, only moves in this range?
01[11:00] {@Threei}  morniong activity time is over, lunch lull starts
[11:00] {nemo} after fall consolidatin is to be expected
01[11:00] {@Threei}  market does it every day
[11:00] {nathan} ok, i'm not used to
[11:00] {nemo} rythms of the market
[11:02] {Alexs} very poetically nemo
[11:02] {cosmo} nap time
[11:13] {dino} out ssys .41, +.42
[11:17] {nathan} good one dino!
[11:19] {dino} ty
[11:20] {nathan} btw you like risk! 20c of spread...
01[11:28] {@Threei}  watching IWM for DKTK
01[11:29] {@Threei}  watching IWM for DKTK
01[11:29] {@Threei} Long Setup:  IWM  .70 break
[11:29] {nathan} dont kid the kidder? :-)
01[11:29] {@Threei}  If holds  .60
01[11:29] {@Threei}  yup
01[11:29] {@Threei}  .80 was standard rentry
01[11:29] {@Threei}  stop would have been under .70
01[11:29] {@Threei}  so that's where we try
01[11:31] {@Threei}  trail to .64
[11:31] {dino} ssys sm l .71
01[11:31] {@Threei}  takes too long to say honestly
01[11:32] {@Threei}  finally
01[11:32] {@Threei}  1:1
01[11:32] {@Threei}  1:2
01[11:32] {@Threei}  DKTK, baby :)
01[11:32] {@Threei}  one of my finest inventions
01[11:33] {@Threei}  again... love the clear structure of the p[lay
01[11:33] {@Threei}  that engineer's nature, Alex :)
01[11:33] {@Threei}  this time it was in tune with your animal's one
[11:34] {Alexs} :)
01[11:34] {@Threei}  I think I'll make a screenshot to illustrate it better
01[11:35] {@Threei}  1:3
01[11:35] {@Threei}  over and out
01[11:36] {@Threei}  for a lunch time, not too shabby
[11:37] {Alexs} honestly more looks like a db setup now
01[11:38] {@Threei}  charts are like rorschach spots
01[11:38] {@Threei}  you can find various things in them
01[11:38] {@Threei}  but you do see .80 break long?
01[11:38] {@Threei}  which btw could have been that same db, with standard trigger
01[11:38] {@Threei}  it would have been stopped out under .70
[11:38] {Alexs} conservative yes
01[11:39] {@Threei}  instead, we let it break and drop, and bought it there
01[11:39] {@Threei}  which is the definition of DKTK
[11:40] {dino} what does dktk stand for?
[11:40] {Alexs} whatever as long as it gave 1:3 I'm ready to accept eny name of it
01[11:41] {@Threei}  "what's in the name..."
01[11:41] {@Threei}  or, "as you name the boat, so will it float"
[11:43] {troub} covered in 111?
01[11:44] {@Threei}  no
01[11:44] {@Threei}  this is not a separate setup
01[11:44] {@Threei}  this is a certain way to play any other setup
[11:46] {ese} once again another morning wasted...........sigh......cya tomorrow
01[11:46] {@Threei}  great
[11:46] {Alexs} lol
01[11:46] {@Threei}  thank you for sound endorsement
[11:46] {nathan} ?
[11:47] {nathan} did i missed anything?
01[11:47] {@Threei}  ese is special case nathan... busy with phone calls and arrangements for his band, misses trades :)
[11:47] {nathan} ok
[11:48] {Alexs} people of art need pain to feel good
[11:48] {nathan} lol
[11:48] {dptl} lol
01[11:48] {@Threei}  and we have a man just for that
[11:48] {Alexs} rofl
01[11:48] {@Threei}  I mean, nemo is a walking pain delivery device
[11:55] {nemo} part of the soul development process
01[11:55] {@Threei}  or extraction?
[11:57] {RonS} buffalo springfield:  she's got soul
[11:58] {RonS} still's guitar riff a classic
[12:18] {thomcbell} i wish you all some good trades - have to run
[12:19] {Alexs} take care tbell
[12:19] {nathan} take care
01[12:19] {@Threei}  take care thom
[12:35] {dino} out ssys .40, +.69
01[12:40] {@Threei}  wtg'
[12:43] {dino} ty
01[12:49] {@Threei}  do you know how is National Bank of Ukraine like Elvis?
01[12:49] {@Threei}  here:
01[12:49] {@Threei}  Employees of the department of the National Bank of Ukraine (NBU) in Donetsk region have left the building.
[12:52] {RonS} lol
[12:53] {Alexs} didn't get it Vad
[12:53] {RonS} that's true blue American corn...
[12:54] {RonS} feeling like Jesus after his first conversion...
[12:54] {RonS} :)
01[12:56] {@Threei}  akex... http://en.wikipedia.org/wiki/Elvis_has_left_the_building
01[12:56] {@Threei}  k=l
[12:57] {dino} l hl tna .70
[13:00] {dptl} leaving early.....see ya tomorrow all
01[13:00] {@Threei}  hold on dp
[13:00] {dino} cya dp
01[13:00] {@Threei}  wanted to give you and alex a link, for when you have free 10 min
[13:00] {dptl} ok
01[13:00] {@Threei}  http://torum.org/index.php?topic=7702.1800
01[13:01] {@Threei}  unreal
01[13:01] {@Threei}  reports from apartments, people in the middle of Slavyansk, gunfight non-stop
01[13:01] {@Threei}  reads like from another universe
01[13:02] {@Threei}  as they report where the dhooting and explosions are right now, so those who need to go to the store or something know when the risk is higher
[13:03] {dptl} crazy....
01[13:04] {@Threei}  ,link is to the third oage from the end, click next to see current
[13:06] {dptl} cant beleive its heppening over there
01[13:06] {@Threei}  yeah
[13:06] {dptl} ok...see ya tomorrow, got to go
01[13:07] {@Threei}  take care
[13:09] {dino} tna stop -.20
[13:10] {Alexs} three month ago it would sound unbeleivable now it's no news for me Vad
01[13:14] {@Threei}  someone just ordered large print of this image of mine: http://www.arrestinglight.com/p886063636/h3071b853#h3071b853
01[13:14] {@Threei}  pleasant to know it will be on someone's wall
[13:17] {RonS} when did you talk the pm into renaming the province after you?
[13:17] {RonS} ...vritish columbia...
[13:18] {RonS} :)
01[13:18] {@Threei}  I did?
[13:18] {Alexs} then everybody will order Vad's image
01[13:18] {@Threei}  ahh... thanks, will fix it :)
[13:19] {RonS} look at the below the picture...
01[13:20] {@Threei}  done :)
01[13:28] {@Threei}  LOL... they put it in words openly now:
01[13:28] {@Threei}  Medvedev urges EU to give Kyiv more money, make it repay gas debts
[13:29] {Alexs} why should they conceal it?
01[13:30] {@Threei}  they always protested EU help to Ukraine in public, while appreciating it as theit own money pump behind the curtains
[13:30] {Alexs} looks like it's just ukrainian government doesn't get it
[13:32] {dino} tna rinsed
[13:33] {Alexs} when europe gave first money to Ukraine they said it was for gas payment as well
01[13:34] {@Threei}  and Moscow protested
01[13:34] {@Threei}  now they don't
[13:34] {RonS} russian negotiation?  http://tinyurl.com/nams2tg
01[13:34] {@Threei}  looks soft Ron
[13:35] {dino} tna hl l .70
01[13:35] {@Threei}  kidnap the dog, take it to the forest, torture it for 3 days, then call the meeting - and at that meeting present a dog and a gun
[13:37] {Alexs} Vad, did you read that Biden's son is now in the board of directors of ukrainian gas and oil company ?
01[13:37] {@Threei}  yes
01[13:37] {@Threei}  imbeciles
[13:37] {Alexs} nice
01[13:37] {@Threei}  whole white house currently are imbeciles
[13:38] {dino} agreed
01[13:38] {@Threei}  they have no slightest idea how this plays out
01[13:38] {@Threei}  all the propaganda about USA staging whole Ukrainian revolution suddenly got solid confirmation
01[13:39] {@Threei}  Kremlin can't believe their luck and the incompetence of the opponent
01[13:40] {@Threei}  and their ctahcphrase now is, "and these people lecture us about corruption?"
01[13:41] {@Threei}  remember little Johnny reaction when he looked in the keyhole of parents' bedroom?
01[13:41] {@Threei}  "And these people forbid me to pick my nose?"
[13:44] {Alexs} lol
[13:45] {nathan} have a gn
[13:45] {nathan} take care
01[13:45] {@Threei}  take care nathan
01[13:49] {@Threei}  can we pick someone responsible for reelecting current wh host and beat him up?
[13:50] {Alexs} I searched in the internet who is the owner of that company, last was one of Yanukovich's friend, who is now nobody knows
01[13:50] {@Threei}  perfect background for making it look like whole thing is transfer from former owners to USA
[13:53] {Alexs} btw russians still haven't played that situation
01[13:55] {@Threei}  it's all over the interenet
01[13:55] {@Threei}  social networks, forums
[13:57] {dino} out tna .22, +.52
01[13:58] {@Threei}  nice
01[13:58] {@Threei}  Russia to cease space station cooperation
[14:00] {Alexs} it hits russia primarily I think
[14:01] {Alexs} it's very strange that Putin made that move first, looks stupid
[14:08] {Alexs} http://www.bloombergview.com/articles/2014-05-14/russia-is-turning-elon-musk-into-tony-stark
01[14:08] {@Threei}  yeah, his time to shine
01[14:10] {@Threei}  TZA bounce time soon
[14:12] {Alexs} In the latest referendum, on May 18, Swiss voters will decide whether to introduce the world’s highest minimum wage, paying workers at least 22 francs ($25) per hour or 4,000 francs a month
[14:13] {Alexs} happy Less
01[14:13] {@Threei}  will they double taxes to pay for that?
[14:14] {Alexs} no they will use Yanukovich money
01[14:14] {@Threei}  oh
01[14:14] {@Threei}  so no hope for me to get my share
[14:14] {Alexs} it will be enough for next 100 yars I guess
[14:15] {Alexs} years
01[14:15] {@Threei}  I mean, when I immigrated I was told that I sold my motherland out
01[14:15] {@Threei}  I am still waiting for my share from that sale
[14:15] {Alexs} lol
01[14:19] {@Threei} Long Setup:  IWM  .40 break
01[14:19] {@Threei}  If holds  .30
01[14:20] {@Threei}  change to .30
01[14:20] {@Threei}  If holds  .20
01[14:20] {@Threei}  1:1
[14:21] {nemo} gotta' love OP EX
01[14:21] {@Threei}  we do
01[14:24] {@Threei}  1:2
01[14:25] {@Threei}  1:3
01[14:25] {@Threei}  me out
01[14:25] {@Threei}  me happy
01[14:25] {@Threei}  tree pretty
[14:25] {Alexs} nice catch Vad :)
01[14:25] {@Threei}  fire bad
01[14:25] {@Threei}  me do nice catch
01[14:25] {@Threei}  ummm... this didn't come out exatly right
01[14:26] {@Threei}  one of those days that reward a week of churning
[14:33] {goinshort} nice call IWM !
01[14:34] {@Threei}  :)
[14:35] {dino} 07 green
[14:38] {dino} out yy from morning, .65, +1.15
01[14:40] {@Threei}  cool
[14:41] {dino} ty
[14:46] {Alexs} I propose to introduce a minimum wage for day traders 1/10 of dino income
[14:47] {dino} then i will go on strike as they did in atlas shrugged
[14:47] {Alexs} lol
[14:55] {RonS} outta here early...see y'all tomorrow
01[14:55] {@Threei}  take care ron
[15:04] {Alexs} http://www.bloomberg.com/news/2014-05-14/eu-east-west-defense-divide-emboldens-putin-s-arc-of-inst.html
[15:05] {Alexs} Look at the map on Putin's picture in that article Vad
[15:05] {Alexs} Crimea is shown as part of Russia already
01[15:07] {@Threei}  yeah
01[15:16] {@Threei}  trying to decipher last move direction
01[15:25] {@Threei} Long Setup:  IWM  .60 break
01[15:25] {@Threei}  If holds  .55
01[15:25] {@Threei}  very tight, to have another chance if this is not the reversal
01[15:27] {@Threei}  1:1
[15:28] {Alexs} you're like Sherlock Holms today Vad
01[15:28] {@Threei}  but... it IS elementary
[15:28] {Alexs} nice deciphering
01[15:29] {@Threei}  :)
[15:31] {goinshort} took the 1:1 thanks
01[15:31] {@Threei}  yw
01[15:33] {@Threei}  1:2
01[15:34] {@Threei}  1:3
01[15:34] {@Threei}  out
01[15:34] {@Threei}  done for the day
01[15:35] {@Threei}  thank you all, have a grfeat evening
01[15:35] {@Threei}  see you tomorr'ow
[15:35] {goinshort} u2 thanks
01[15:35] {@Threei}  :)
[15:35] {Alexs} gj

May 14 2014

Low volume narrow day. Some obscure stocks worked better, like 1:3 on ABBV. Usual suspects were rather back and forth.

Session Time: Wed May 14 00:00:00 2014
[08:59] {dino} gm
01[08:59] {@Threei}  dino :)
[09:06] {troub} good morning to the 4 of you
01[09:06] {@Threei}  troub :)
01[09:06] {@Threei}  people sleep to the last moment
[09:09] {dptl} good morning
[09:09] {RonS} hi guys
01[09:09] {@Threei}  dp :)
01[09:09] {@Threei}  ron :)
[09:10] {nemo} no spy volume to speak of
[09:11] {nemo} and I'm out of vodka
01[09:11] {@Threei}  uh oh
01[09:11] {@Threei}  we don't want that
[09:11] {nemo} gonna' be a rough day
[09:12] {nemo} PPI was up against estimates
01[09:15] {@Threei}  *(CA) CANADA HOUSE PRICE INDEX: 161.28 V 160.42 PRIOR
01[09:15] {@Threei}  never stopped rising
[09:15] {nemo} nor do the taxes
01[09:15] {@Threei}  not really
01[09:16] {@Threei}  slightly lower even
01[09:17] {@Threei}  we are bucking the world's leftist trend
[09:24] {nemo} spy not even a million shares, gonna' likely be a quiet day
01[09:24] {@Threei}  stock selective trading
[09:25] {Alexs} good morning
01[09:25] {@Threei}  alex :)
01[09:26] {@Threei}  some imagery is just... a military camp has been set in former child summer camp. Here is result:
01[09:26] {@Threei}  http://www.kyivpost.com/media/images/2014/05/14/p18nt1sgpt1lom9qo132g1b58sh74/big.jpg
01[09:27] {@Threei}  sign written in childishly looking letters says "welcome"
01[09:31] {@Threei} Short Setup: FB  .40 break hl
01[09:31] {@Threei}  If holds  .50
01[09:31] {@Threei}  nah
[09:33] {cosmo} knife bounced
[09:33] {nemo} GMCR likely in play on short side today
[09:34] {dino} data smr l .20
01[09:34] {@Threei} Long Setup:  IWM  .85 break
01[09:34] {@Threei}  If holds  .75
01[09:34] {@Threei}  Invalidated
01[09:35] {@Threei}  wow
01[09:36] {@Threei}  what was that
01[09:36] {@Threei}  (RU) Reportedly the US is building the case for targeted sanctions against Russia energy industry; US may be able to apply sanctions without EU support - FT- US would like to block exports of oil and gas technology only for new projects run by state-controlled companies, but allow exports of oil and gas equipment and services to existing oil and gas fields. - Goal would be to put the future development of Russia's energy infrastructure and industry in doubt. - Exempting private sector companies would also help their local rivals such as Novatek, the Russian independent gas group, which would probably be allowed to go ahead with Yamal LNG - The US is seeking support from European countries for its plan, but that may not be necessary
01[09:37] {@Threei} Long Setup:  FB  .45 break
01[09:37] {@Threei}  If holds  .35
01[09:37] {@Threei}  1:1
01[09:37] {@Threei}  that was fast
01[09:38] {@Threei} Long Setup:  IWM  .60 break
01[09:38] {@Threei}  If holds  .50
01[09:38] {@Threei}  1:1
01[09:39] {@Threei}  sheesh FB
01[09:39] {@Threei}  I doubt anyone got it but if you did, exit time
[09:39] {cosmo} unnecessary because they already requested it?
[09:43] {dino} data to .68
01[09:43] {@Threei}  IWM is coming back for one more entry
01[09:43] {@Threei}  desirably from under .60
01[09:44] {@Threei}  FB hit 1:6, lol
[09:44] {dino} out data .89, +1.69
01[09:44] {@Threei}  wtg
[09:44] {dino} ty
[09:46] {troub} very good dino
[09:46] {dino} ty
01[09:47] {@Threei} Short Setup: FB  .05 break
01[09:47] {@Threei}  If holds  .15
01[09:48] {@Threei}  trail to .11
01[09:48] {@Threei}  1:1
01[09:50] {@Threei}  trail to .01
[09:51] {dino} wow zu on lockup exp
01[09:52] {@Threei} Short Setup: WMT  .55 break
01[09:52] {@Threei}  If holds  .65
[09:53] {dino} zu smr l .33
[09:53] {dino} out zu .73, +.40
[09:55] {dino} pall
[09:55] {dino} to fast
[09:56] {dino} too, too
01[09:56] {@Threei}  two toos?
[09:57] {dino} tu-tu
01[09:57] {@Threei}  trail to .61
01[10:00] {@Threei}  meh
[10:00] {dino} 07 green
01[10:01] {@Threei}  feels like one last pullback, and then melt-up
01[10:06] {@Threei} Long Setup:  P  .50 break
01[10:06] {@Threei}  If holds  .40
[10:06] {thomcbell} in what Vad
[10:06] {thomcbell} in market in general?
01[10:06] {@Threei}  melt-up?
01[10:06] {@Threei}  yes
01[10:06] {@Threei}  market
[10:06] {nemo} DAX flat
01[10:07] {@Threei}  rcford, see private message please
[10:07] {nemo} wow...he gets a private message
01[10:25] {@Threei}  mama
01[10:25] {@Threei}  It's May 14 and it's snowing at Portage Avenue and Main Street in Winnipeg.
01[10:25] {@Threei} Long Setup:  IWM  .50 break
01[10:25] {@Threei}  If holds  .40
[10:28] {dino} dxpe smr l .45
01[10:29] {@Threei}  this should be it... up and away
01[10:30] {@Threei} Long Setup:  TWTR  .55 break hl
01[10:31] {@Threei}  If holds  .45
01[10:32] {@Threei}  1:1
01[10:32] {@Threei} Long Setup:  FB  .20 break
01[10:33] {@Threei}  If holds  .10
01[10:33] {@Threei}  change to .15 break
01[10:33] {@Threei}  If holds  .05
[10:38] {Alexs} FB valid?
01[10:38] {@Threei}  yes
01[10:39] {@Threei}  no go
01[10:43] {@Threei}  hmmm... no enthusiasm
[10:46] {dino} twtr stop -.12
01[10:49] {@Threei}  here comes my long expected melt-up
01[10:51] {@Threei} Long Setup:  CAT  .65 break
01[10:51] {@Threei}  If holds  .55
01[10:53] {@Threei}  Invalidated
01[10:53] {@Threei}  for now
01[10:53] {@Threei} Long Setup:  CAT  .50 break
01[10:54] {@Threei}  If holds  .40
[10:54] {Alexs} CAT hl?
01[10:55] {@Threei}  3/4...
[10:55] {Alexs} lol
01[10:55] {@Threei}  seriously
[10:55] {Alexs} ok
01[10:55] {@Threei}  it's not as volatile as to warrant hl
01[10:55] {@Threei}  not as thick as to allow full lot
[10:55] {Alexs} yes
01[10:57] {@Threei}  hmmm... rally can't take firm root
[10:58] {nemo} DAX flat
[10:59] {dino} doesn't seem to want to hold
[10:59] {dino} 07 red
[11:10] {dino} jgw blood
01[11:13] {@Threei} Long Setup:  ABBV  .60 break
01[11:13] {@Threei}  If holds  .50
01[11:22] {@Threei}  let's trail CAT to .44
01[11:24] {@Threei}  1:1
01[11:24] {@Threei}  finally
[11:31] {dino} jgw l .64
01[11:32] {@Threei}  ABBV stop to .54
[11:32] {dino} out jgw .86, +.22
01[11:32] {@Threei}  forms nice C&H
01[11:33] {@Threei}  that's too fast dino... you can't do that
01[11:33] {@Threei}  let's take half off ABBV
[11:35] {dino} sorry, i'll give it back
01[11:35] {@Threei}  please
01[11:36] {@Threei}  1/4 more out
[11:37] {dino} dxpe maybe open gap attack
01[11:40] {@Threei}  1:2
01[11:48] {@Threei}  1:3
01[11:48] {@Threei}  out'
01[11:48] {@Threei}  obscure stock treades better than many of maonstream ones
01[11:48] {@Threei}  1/2 cat
01[11:48] {@Threei}  1:2  CAT
[11:51] {dino} gj
01[11:51] {@Threei}  ty
01[12:16] {@Threei} Short Setup: P  24 break
01[12:16] {@Threei}  If holds  .10
[12:37] {dino} cyn smr l .85
[12:42] {thomcbell} A 56 long break if holding 55.90
[12:45] {Alexs} time for dktk setaps Vad?
[12:45] {nemo} napizdiel
[12:45] {Alexs} setups too
[12:47] {Alexs} lol nemo now I see you have a great expertise in russian translation
01[12:47] {@Threei}  i think so alex
01[12:47] {@Threei}  lol
[12:47] {thomcbell} A 1:1
[12:48] {nemo} just enough to be dangerous
[12:48] {nemo} I take Russian on Monday nights
[12:48] {nemo} byproduct of book night
[12:52] {RonS} whr spin out
[12:52] {nemo} yeah, number 5 weak on the algo today  pnc lvs de len whr
[12:54] {RonS} probably purchased 20000 whr pieces in former career
[12:55] {RonS} 6-12 truckloads per week
[13:01] {dino} cyn stop .67 -.18
[13:08] {RonS} fwiw major appliance biz is amazingly seasonal
[13:08] {RonS} may, june, july, november the big months
[13:09] {RonS} may = laundry, june, july = reefers, nov = cooking
[13:11] {RonS} freekin soda missed us biz big and is up 3%
[13:15] {nemo} LVS
[13:22] {dino} panw sm l .15
01[13:31] {@Threei}  LVS looks interesting for recovery
01[13:31] {@Threei} Long Setup:  LVS  .81 hl
01[13:31] {@Threei}  and will add another half on pillback or on break of .90
[13:33] {Alexs} explain pls about add on pullback Vad
01[13:34] {@Threei}  if .80 break after pullback from .90 is real entry point, LVS should break .90 and go, as it already rinsed firsat buyers, so we can add half lot at .90 break.
01[13:34] {@Threei}  If it's not, then another rinse will follow,
01[13:35] {@Threei}  and actual entry should occur around .70
01[13:35] {@Threei}  The odds are fairly even,
01[13:35] {@Threei}  so I am trying to accomodate both scenarios
01[13:35] {@Threei}  by taking half here
[13:35] {troub} and stp @70?
01[13:35] {@Threei}  and adding half on .90 break or around .70
[13:35] {Alexs} ok thanks
01[13:35] {@Threei}  no
01[13:36] {@Threei}  .70 would be adding another half, with stop for the whole thing under .65
01[13:36] {@Threei}  so far first scenario plays out
[13:36] {troub} ok
01[13:36] {@Threei}  second half here
01[13:36] {@Threei}  average is about .86
01[13:36] {@Threei}  stop .75
01[13:37] {@Threei}  jujst under the low of that long red bar
[13:37] {Alexs} so 1:1 is about .95
01[13:37] {@Threei}  13:28
01[13:37] {@Threei}  right
01[13:38] {@Threei}  of course if you are more comfortable with scalp, you can simply start taking profit around 1:1 from first entry
01[13:38] {@Threei}  it's good to have options
01[13:44] {@Threei}  trail stop to .79 now
01[13:44] {@Threei}  under the low of this last pullback, bottomed out at .81
01[13:44] {@Threei}  love the clear structure of this play
[13:45] {Alexs} lol
01[13:46] {@Threei}  what? look at the chart, it's so logical
01[13:46] {@Threei}  my engineer's nature appreciates this kind of things
[13:47] {Alexs} my animal nature prefer 1:3 ASAP
01[13:47] {@Threei}  well, yes... can't argue with that
[13:47] {Alexs} :)
01[13:47] {@Threei}  but be careful reevealing your animal nature with avid hunter nemo around
[13:48] {Alexs} oh yeah am scared
01[13:49] {@Threei}  oh well
[13:50] {Alexs} that was entertaining
[13:55] {thomcbell} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
01[13:57] {@Threei}  40 cents SPY range
01[13:58] {@Threei}  ABBV is about the only darling of the day
[14:02] {dino} afternoons are dead
01[14:02] {@Threei}  today afternoon started early, lol
[14:08] {nathan} hi sirs
01[14:09] {@Threei}  hi nathan
01[14:09] {@Threei}  gravity suddenly appeared
01[14:10] {@Threei}  not muc but still
[14:10] {nathan} what happened today? SPY only 36M???
01[14:10] {@Threei}  yeah, light trading
[14:10] {nathan} you didnt play today?
[14:10] {nathan} :-)
[14:11] {nemo} 48 million is the lowest volume over the last 1000 trading days
[14:11] {dino} wow
[14:11] {nathan} we'll have a new record
[14:11] {nemo} I lied 45,368,800
[14:12] {dino} only good thing i can see is thats its low volume on down day
[14:12] {thomcbell} so we are on pace for the slowest trading day in 1000 days?
[14:12] {dino} which makes it feel like a thousand years
[14:12] {nemo} Having said that, you kinda' got to throw out 2008-2010 as volume extremes given the period
[14:13] {dino} yeah, but they are not within 1000 days
[14:13] {Alexs} 1000 days is a very important range I guess
[14:13] {nemo} 1000 trading days
[14:14] {nemo} you have about 220 trading days a year
[14:14] {dino} ok
[14:14] {Alexs} in the USSR thay liked 5 years more
[14:14] {nemo} actually 365-104-8
[14:15] {nemo} hahahaha
[14:15] {nemo} you should spend more time with Les
[14:17] {nemo} I just have daily data going back that far
[14:18] {dino} panw stop -.23
01[14:22] {@Threei} Long Setup:  ABBV  53 break
01[14:22] {@Threei}  If holds  .90
[14:34] {dino} wtf, panw and cyn both rinsed
[14:41] {nathan} I stop for today
[14:42] {nathan} wtf of day
[14:42] {nathan} gn gents! see you tomorrow
01[14:43] {@Threei}  what did you trade?
[14:43] {nathan} I tried FN
[14:43] {nathan} FB
[14:43] {nathan} bad read
01[14:43] {@Threei}  Invalidated  ABBV
[14:48] {nathan} nice fall FB now
01[14:48] {@Threei}  no news
[14:51] {nathan} should we see a spike meaning the end of the fall?
01[14:52] {@Threei}  with this volume, anyone's guess
01[14:52] {@Threei}  rather yes
01[15:04] {@Threei} Long Setup:  FB  .55 break
01[15:04] {@Threei}  .c .45
01[15:04] {@Threei}  If holds  .45
[15:04] {RonS} ire drop
01[15:05] {@Threei}  two sided
01[15:05] {@Threei}  ugh, late
01[15:05] {@Threei}  argh
01[15:06] {@Threei}  1:1 on short side
01[15:06] {@Threei}  was a tad late with alert
01[15:09] {@Threei}  shoot me now
01[15:15] {@Threei} Long Setup:  FB  .25 break
01[15:15] {@Threei}  If holds  .15
[15:17] {dino} emes drop
[15:17] {dino} smr l .10
01[15:19] {@Threei}  half out
01[15:19] {@Threei}  1:1
[15:26] {nemo} check out an sso long here above .37 stop under .30
[15:28] {dino} out emes .40, +1.30
01[15:28] {@Threei}  whew
01[15:28] {@Threei}  that was nice one dino
[15:29] {dino} lucky
01[15:29] {@Threei}  of course
01[15:34] {@Threei} Short Setup: LVS  .50 break
01[15:35] {@Threei}  If holds  .60
[15:37] {nemo} 188.75 spy is S4 on daily
[15:45] {dptl} see ya tomorrow all
01[15:46] {@Threei}  take care dp
01[15:57] {@Threei}  probably a breather day
01[15:57] {@Threei}  pullback on light volume
[15:57] {dino} gn all
01[15:57] {@Threei}  thank you all, have a good evening
01[15:57] {@Threei}  see you tomorrow
Session Time: Thu May 15 00:00:00 2014