Tuesday, July 15, 2014

July 15 2014

A few very nice trades, including 1:3 and 1:4, and a few stops that almost ate the profits. Back and forth day

Session Time: Tue Jul 15 00:00:00 2014
[08:31] {nemo} What time does Granmama speak?
[08:42] {nemo} I'm feeling ignored....
[08:42] {nemo}             ....sniff
[08:42] {nemo}             ....sniff
[08:42] {nemo}             ....sniff
01[08:49] {@Threei}  oh, don't cry
[08:49] {nemo} allergies
01[08:49] {@Threei}  ah... then do
[08:58] {nemo} kors might try for the gap in the daily today
[09:15] {troub} good morning you all
01[09:16] {@Threei}  troub :)
[09:16] {nemo} ugh!
01[09:16] {@Threei}  KORS might be a play, if spreas tighten
01[09:16] {@Threei}  spread
[09:17] {nemo} yeah...would expect an attempt to jam the shorts on the open
[09:19] {nemo} boy is it humid here again today, gonna' have another day of this
[09:22] {nemo} spy slightly over 1 mil shares, but granmama should throw molasses into the mix this morning
[09:26] {nemo} LO might be busy
01[09:29] {@Threei}  Upside:
01[09:29] {@Threei}  -CDXS +64.5% (tech collaboration with GSK)
01[09:29] {@Threei}  -LJPC +19.9% (positive pre-clinical data for LJPC-1010)
01[09:29] {@Threei}  -ROC +12.1% (merger with ALB)
01[09:29] {@Threei}  -CMA +7.8% (earnings, guidance)
01[09:29] {@Threei}  -LGF +3.7% (strategic collaboration w/Alibaba)
01[09:29] {@Threei}  -KITE +4.4% (positive broker comments)
01[09:29] {@Threei}  -WWW +3.1% (earnings, strategic realignment plan)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -LO -5.3% (acquisition by RAI)
01[09:29] {@Threei}  -VLO -2.9% (lowered guidance; MPC/PSX/TSO also down on light volume)
01[09:29] {@Threei}  -RAI -2.7% (acquisition of LO)
01[09:29] {@Threei}  -MO -0.7% (follow-through on RAI/LO deal)
01[09:29] {@Threei}  -APOL -1% (Dept of Ed review disclosure)
01[09:29] {@Threei}  -STEM -8% (stock offering)
01[09:29] {@Threei}  -AAN -6% (cut outlook)
[09:29] {ese} gm
01[09:29] {@Threei}  ese :)
[09:31] {ese} ljpc
[09:31] {nemo} kors 76.8 retrace of gap,
01[09:31] {@Threei} Long Setup:  FB  .80 break
01[09:31] {@Threei}  If holds  .70
[09:32] {nemo} .65 pivot
01[09:32] {@Threei}  valid
[09:32] {ese} dino type spreads .10 to .15 cents and more
01[09:33] {@Threei}  no go
01[09:36] {@Threei} Long Setup:  IWM  .75 break
01[09:37] {@Threei}  If holds  .65
01[09:37] {@Threei}  stop to .69
01[09:39] {@Threei}  1:1
[09:39] {nemo} finnie gap fill
[09:39] {nemo} spy entering overhead gap
01[09:40] {@Threei}  1:2
[09:42] {dino} kors smr l .74 pulp
[09:43] {nemo} if it can't get above vwap don't hang around imo
01[09:45] {@Threei} Long Setup:  FB  .60 break
01[09:45] {@Threei}  If holds  .50
01[09:46] {@Threei}  1:1
[09:55] {nemo}  RTRS - ESPIRITO SANTO GROUP'S HOLDING COMPANY RIOFORTE PREPARING TO FILE FOR CREDITOR PROTECTION IN LUXEMBOURG - SOURCES
01[09:57] {@Threei} Short Setup: TWTR  .75 break
01[09:57] {@Threei}  If holds  .85
01[09:59] {@Threei}  *(US) MAY BUSINESS INVENTORIES: 0.5% V 0.6%E
01[09:59] {@Threei}  (US) Fed Chair Yellen: Economy is continuing to improve - Congressional testimony
01[10:00] {@Threei}  (US) CBO: Long-term budget outlook includes slight downward revisions to US GDP growth, interest rates and healthcare costs
01[10:01] {@Threei}  no go
[10:01] {dino} oas sm l .00
[10:03] {nemo} no stocks strong, but not a single stock signaling on the weak side
[10:03] {nemo} I lied:  GMCR QCOR YELP on weak side
[10:04] {RonS} oil 99.56
[10:08] {dino} kors to .24
01[10:09] {@Threei}  TWTR rinse
[10:09] {nemo} breaks the swing high 82 should be easy
[10:10] {dino} out kors .34, +.60
01[10:10] {@Threei}  wtg
[10:10] {dino} ty
[10:11] {troub} good one dino
[10:11] {nemo} now it's a short again
[10:12] {dino} ty
[10:12] {dino} syna drop
[10:12] {nemo} full red on the algo dino
01[10:13] {@Threei}  this starts looking like fun... waiting for a bounce to short
[10:14] {dino} kors sm l .60
[10:15] {RonS} Fed's Yellen says small cap, biotech and social media forward PE ratios 'high relative to historical norms'
[10:15] {nemo} she's stockpicking now?
[10:15] {nemo} red side strong
[10:16] {dino} they know everything
01[10:16] {@Threei}  except whether housing was a bubble
01[10:17] {@Threei} Short Setup: FB  67 break
01[10:17] {@Threei}  If holds  .10
[10:18] {dino} out kors .10, +.50
[10:19] {troub} better than good
01[10:20] {@Threei}  grr
[10:22] {nemo} fb looks short
[10:22] {nemo} gap fill coming
01[10:23] {@Threei}  another rinse
01[10:23] {@Threei}  sheesh
[10:25] {dino} syna smr l .40
01[10:25] {@Threei} Long Setup:  IWM  115 break
01[10:25] {@Threei}  If holds  .90
[10:26] {nemo} just letting you know dino syna is the #1 weak stock today on the algo
[10:27] {dino} ty
[10:27] {dino} hard stop at lod brk
[10:28] {dino} gwph working that 78 gap
01[10:30] {@Threei} Long Setup:  CAT  .80 break
[10:31] {dino} oas stop .70 -.30
01[10:31] {@Threei}  If holds  .70
01[10:33] {@Threei}  not getting rhythm right
[10:34] {dino} put some tunes on
[10:34] {RonS} 3 black chick backup always worked for Joe Cocker...
[10:40] {dino} syna stop -.30
[10:42] {RonS} alb dino
[10:43] {dino} kors sm l .60
[10:53] {dino} oas l .50
01[10:53] {@Threei} Long Setup:  IWM  .40 break
01[10:54] {@Threei}  If holds  .30
01[10:55] {@Threei}  1:1
[10:55] {RonS} silver slam
01[10:55] {@Threei}  gold too
[11:00] {RonS} oil 98.32
01[11:02] {@Threei} Long Setup:  IWM  .30 break
01[11:02] {@Threei}  If holds  .20
01[11:05] {@Threei}  1:1
[11:05] {RonS} sorry that should have been 99.32...now 99.12
[11:06] {RonS} ...getting new glasses...
01[11:06] {@Threei}  1:2
[11:09] {nemo} vwap run
01[11:10] {@Threei}  1:4
01[11:10] {@Threei}  finally got couple decent ones
[11:11] {nemo} stop for me under .60
[11:12] {nemo} shooting for .96
[11:15] {nemo} oy vay
[11:17] {nemo} very hard going up today
[11:18] {dino} yeah
[11:19] {nemo} oh this will get it
[11:22] {dino} out oas .74, +.24
[11:23] {dino} kors to .96
[11:24] {dino} out, +.36
01[11:28] {@Threei}  - Fed Chair Yellen is testifying before the Senate this morning and more or less reiterating all her standard policy positions. Surprising nobody, Yellen said rates would be more accommodative if the economic performance is disappointing and could increase sooner if the labor market continues to improve faster than expected.
01[11:28] {@Threei}  The one interesting note came in the text of the Fed's official Monetary Policy Report to Congress, in which Yellen warned that small cap biotech and social media valuations are a bit high relative to historical norms. Shares of FB, TWTR and a few other momentum names came off a bit on the remarks.
[11:28] {dino} not much hitorical record for social media stocks
[11:28] {dino} historical
01[11:29] {@Threei}  no kidding
[11:31] {nemo} things sure going down easy
01[11:32] {@Threei} Long Setup:  TWTR  38 break
01[11:32] {@Threei}  If holds  .90
01[11:33] {@Threei}  that was actually the case last week, which made it nicely tradeable
01[11:33] {@Threei}  hope it's a sign of things to come soon
01[11:36] {@Threei}  nah
[11:37] {nemo} see if spy can close that gap below
[11:41] {nemo} for the less than faint of heart, gmcr looks short
[11:42] {nemo} .60 level stop
[11:43] {nemo} dramamine stock
[11:47] {nemo} spy down a whole .71 cents...
[11:47] {nemo} I feel like one of Pavlov's pets
01[11:50] {@Threei}  I feel like Pavlov
01[11:51] {@Threei}  dog to another dog: Look what I found out about this guy - every time I drool, he will nod, smile and write something in his diary
01[11:53] {@Threei} Short Setup: IWM  .25 break
01[11:53] {@Threei}  If holds  .35
01[11:55] {@Threei}  1:1
[11:56] {dino} here comes your spy gap
01[11:57] {@Threei}  1:2
[11:57] {nemo} spy gap fill just under .60 Weekpy pivot .54
01[11:57] {@Threei}  loving this
01[11:58] {@Threei}  you missed last week dino... was rich with this kind drops
01[11:58] {@Threei}  1:3
01[11:58] {@Threei}  me out
[11:58] {dino} saw some of that, was bumming
[12:05] {dino} oas sm  l .20
01[12:11] {@Threei}  NASA scientists say they're closer than ever to finding life beyond Earth
01[12:12] {@Threei}  isn't it a statement that remains true at any point in time?
[12:12] {dino} lol
01[12:12] {@Threei}  in 5 min they'll be 5 min closer yet, no?
[12:12] {nemo} I wonder if they'll ever find intelligent life n earth
[12:13] {nemo} on
[12:13] {cosmo} maybe its inside...
[12:13] {nemo} oh the internal world base 211 stuff
[12:14] {nemo} think I'll go with Shambala myself
[12:38] {dino} out oas .52, +.32
01[12:38] {@Threei}  wtg
01[12:38] {@Threei}  http://petapixel.com/2014/07/13/satirical-facebook-post-sparks-outrage-stephen-spielberg-hunting-triceratops/
[12:39] {dino} ty
[12:39] {dino} bita bouncing around
[12:40] {dino} gpro spike
[12:45] {dino} mobl drop
[12:54] {nemo} http://goo.gl/OBR0Cy
[12:54] {dino} kors sm l .53
[13:11] {nemo} vwap ceiling
[13:11] {dino} y
[13:15] {nemo} kors not moving with the indexes
01[13:44] {@Threei} Short Setup: IWM  .60 break
01[13:44] {@Threei}  If holds  .70
[13:46] {dino} watt drop
[13:48] {dino} sm l .26 ave
[13:51] {dino} kors stop -.30
01[14:07] {@Threei}  valid again
01[14:15] {@Threei}  (RU) Next round of sanctions against Russia said to focus on Russia companies and the potential cancellation of economic deals previously sought with Russia
01[14:16] {@Threei}  and NASA says they can see those sanctions approaching, around the same time thney intend to discover life on another planet
[14:19] {dino} out watt .60, +.34
[14:22] {dino} today seems like its lasting forever
01[14:25] {@Threei}  market needs to lull as many as possible into total complacency
01[14:25] {@Threei}  then fireworks start
[14:29] {dino} doing a good job on me, yawning
01[14:30] {@Threei}  you are not the target audience, you'll spring back to action on moment notice :)
01[14:31] {@Threei}  it's inWestor who wants safety of his principal... and waited 5 years to trust the market... and finally did, in 2014 {G}
[14:32] {dino} lol, iwestor, those were funny commercials.....now "lets light this candle"
[14:34] {dino} we may be close to serious pullback, at a few parties last week, everybody talking stocks
[14:35] {nemo} get any recommendations?
01[14:35] {@Threei}  shoe shiner indicator
01[14:43] {@Threei} Short Setup: TWTR  .90 break
01[14:44] {@Threei}  If holds  38
01[14:50] {@Threei}  wow
01[14:53] {@Threei}  finally
01[14:53] {@Threei}  1:1
01[15:20] {@Threei} Short Setup: TWTR  .70 break
01[15:20] {@Threei}  If holds  .80
[15:32] {nemo} o.k. doctor appointment time... P&Q
01[15:36] {@Threei} Long Setup:  IWM  .50 break
01[15:36] {@Threei}  If holds  .40
01[15:42] {@Threei}  half out
01[15:42] {@Threei}  stop .49
01[15:45] {@Threei}  closed balance on a trail
01[15:45] {@Threei}  thank you all, have a good evening
01[15:45] {@Threei}  see you tomorrow
[15:48] {dino} gn al;l
[15:48] {dino} all too

Monday, July 14, 2014

July 14 2014

Calm low volume moderately profitable day - your basic gap'n'stall. Got nice 1:3 on CAT short, among others.


Session Time: Mon Jul 14 00:00:00 2014
[08:50] {nemo} iwm short .23 break
01[08:50] {@Threei}  look at GLD
[08:50] {nemo} wow
01[08:51] {@Threei}  "obsession, obsession..."
[08:51] {nemo} DAX ripping, how much is futures levitation, and how much is the WeltCup Meisterschaft
[08:52] {nemo} great picture from finals yesterday
[08:52] {nemo} http://goo.gl/q31GIR
01[08:52] {@Threei}  not found
[08:52] {nemo} mmhhh, bummer
[08:53] {nemo} http://goo.gl/yi7r62
01[08:55] {@Threei}  good timing
[08:57] {nemo} yeah, and think about it, how many days a year is that picture possible
01[08:58] {@Threei}  if you are local, you can track these things
01[08:58] {@Threei}  here are apps that show you exact time when certain angle appears
01[08:58] {@Threei}  for both moon and sun
[09:12] {cosmo} astrology now?
01[09:12] {@Threei}  lol
[09:13] {cosmo} i stand corrected :)
01[09:13] {@Threei}  new round of sanctions hit not even russian persons but rebels
[09:14] {nemo} FB
[09:14] {nemo} OP EX week too
01[09:14] {@Threei}  one of them said "awww, so after victory over Kyiv I won't be able to celebrate in Vienne?"
[09:15] {troub} Good morning you all
01[09:15] {@Threei}  troub :)
01[09:17] {@Threei}  sheesh GLD
[09:21] {cosmo} Si needs to hold 20.80
01[09:21] {@Threei}  Upside:
01[09:21] {@Threei}  -PGNX +12% (FDA approval of RELISTOR)
01[09:21] {@Threei}  -KNDI +9.7% (JV sales)
01[09:21] {@Threei}  -ICPT +6% (DB initiation)
01[09:21] {@Threei}  -C +4% (earnings)
01[09:22] {@Threei}  Downside:
01[09:22] {@Threei}  -HLIT -13% (prelim earnings)
01[09:22] {@Threei}  -GTAT -6.2% (broker commentary)
01[09:22] {@Threei}  -RVBD -4.7% (guidance cut for Q2 to the low end)
01[09:22] {@Threei}  -ABBV -2.5% (purchase offer for SHPG)
[09:24] {RonS} gm guys
[09:24] {nemo} well iwm didn't work, looks like new ath this week on spy
01[09:25] {@Threei}  ron :)
01[09:25] {@Threei}  dino is sleeping in after the trip?
[09:25] {RonS} caught in the polar vortex?
[09:25] {nemo} spy took back two overhead gaps
[09:27] {dino} gm
[09:28] {ese} gm
01[09:28] {@Threei}  dino, ese :)
01[09:28] {@Threei}  welcome back
[09:28] {ese} vad dino
[09:28] {dino} ty
[09:28] {ese} British Open week dino at Hoylake in Liverpool
01[09:29] {@Threei}  KNDI
01[09:31] {@Threei} Short Setup: FB  .10 break
01[09:31] {@Threei}  If holds  .20
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Short Setup: KNDI  .15 break hl
01[09:32] {@Threei}  If holds  .25
01[09:32] {@Threei}  Invalidated
01[09:33] {@Threei}  FB setup is back
01[09:35] {@Threei}  stop to .16
01[09:36] {@Threei}  half out
01[09:36] {@Threei}  stop .11
01[09:40] {@Threei} Long Setup:  C  .70 break
01[09:41] {@Threei}  If holds  .60
[09:42] {nemo} .25 spy range, nice
01[09:44] {@Threei}  no go
01[09:47] {@Threei} Long Setup:  GLD  .70 break
01[09:47] {@Threei}  If holds  .60
01[09:56] {@Threei}  .80 break should catapilt it
01[09:56] {@Threei}  catapult too
01[09:58] {@Threei}  half out
01[09:58] {@Threei}  stop .64
01[10:03] {@Threei}  to .69 now
01[10:09] {@Threei} Short Setup: FB  .55 break
01[10:09] {@Threei}  If holds  .65
01[10:10] {@Threei}  1:2  GLD
01[10:10] {@Threei}  .80 break did explode it
01[10:12] {@Threei}  no go FB
[10:12] {nemo} fb likely to run into earnings
[10:14] {dino} le spike
01[10:16] {@Threei}  [LEA] CNBC's Cramer mentions the company as a potential takeover target - Reminder: 07/10 TRW: Confirms receipt of acquisition proposal; evaluating other strategic alternatives
01[10:28] {@Threei} Short Setup: C  .40 break
01[10:28] {@Threei}  If holds  .50
01[10:30] {@Threei}  Invalidated
[10:32] {dino} uwm hl l .70
[10:36] {dino} out uwm .94, +.24
[10:40] {dino} prgo spike
01[10:59] {@Threei} Short Setup: CAT  .80 break
01[10:59] {@Threei}  If holds  .90
[11:15] {dino} twm hl l .58 stop lod
01[11:17] {@Threei}  1:1
[11:19] {nemo} mpc looks short
01[11:20] {@Threei}  - Fed Chair Yellen heads to Congress this week for her semiannual monetary policy report. She will address the Senate Banking Committee on Tuesday and the House Committee on Financial Services on Wednesday
01[11:21] {@Threei}  Analysts expect that Congressmen will press Yellen to acknowledge the improvement in the labor market and higher inflation trends. The New Yorker has published a lengthy profile of Yellen. Although there is little in the way of news in the piece, it does reveal that before the crisis Yellen (like Bernanke) did not believe the housing bubble was something that could crash the economy.
01[11:21] {@Threei}  of course she didn't
[11:24] {nemo} never short a dull market
[11:24] {nemo} jeez.. all the elon musk stocks on fire
[11:29] {dino} pa just approved tesla dealrships
01[11:30] {@Threei}  TSLA Hearing strength attributed to positive analyst comments noting reports this weekend that China is moving to require more alt energy vehicles to fight pollution
[11:30] {nemo} 5 of them
[11:32] {nemo} yeah, scty was up also, now coming in
01[11:36] {@Threei}  1:2
[11:37] {nemo} worth watching scty to see how far it retraces
[11:37] {nemo} more of a dino stock
[11:38] {dino} toughie
[11:38] {nemo} should be good for 5 or 10k shares from you
[11:39] {dino} i never trade that big
[11:39] {nemo} I know
[11:39] {nemo} did you buy the golf course last week
[11:39] {dino} no golf, took wife, daughter, and niece
[11:39] {nemo} wow, penance
[11:40] {nemo} anyway...these Musketeer stocks running on that tsla news
[11:40] {dino} lol, but after 3 days of beach, yes
[11:40] {nemo} did the thought of swimming for Africa cross your mind
[11:40] {dino} no, but cold beer did
[11:41] {nemo} that likely crossed your lips
[11:52] {ese} with record temps here in BC....that cold beer is very appealing
[11:52] {dino} indeed
[11:53] {dino} bit of cold front coming my way, highs in low 70s
[11:53] {troub} record temps like what?
01[11:53] {@Threei}  Port Alberrni had 36C yesterday
01[11:54] {@Threei}  Victoria 32
01[11:54] {@Threei}  thankfully not in my area
01[11:54] {@Threei}  at such temps I feel like gnawing at someone's throat
01[11:55] {@Threei}  closed CAT at 1:3
[11:55] {troub} 97F, right?
[11:55] {dino} gj
01[11:56] {@Threei}  yes
01[11:56] {@Threei}  this is very high for us
01[11:56] {@Threei}  island, ocean breeze everywhere
[11:57] {troub} how about humidity
[11:58] {nemo} he's got frickin' palm trees there
01[11:59] {@Threei}  not very high
[12:00] {troub} Gives me a mental picture of Vad in a lounger with Vodka in hand under the shade of Palms in front of his Igloo.
01[12:00] {@Threei}  lol
[12:00] {dino} igloo cooler, right
[12:05] {nemo} An NSA agent walks into a bar. Bartender says "I have a new joke for you." The NSA agent responds "Heard it."
[12:12] {dino} out twm .82, +.24
[12:13] {nemo} bbby looks short here
[12:16] {dino} edn drop
01[12:17] {@Threei} Short Setup: WMT  .60 break
01[12:17] {@Threei}  If holds  .65
[12:42] {nemo} kss drop of .20
[12:45] {nemo} stop to .26
[12:49] {nemo} UAL short
[12:50] {nemo} stop to .23
01[12:53] {@Threei}  good one
01[12:53] {@Threei}  look, CAT had even more downside in it
01[12:58] {@Threei}  watching IWM for pullback entry
01[13:02] {@Threei}  missed .50
01[13:08] {@Threei}  ugh... got away
[13:08] {nemo} doo sso break of 118
[13:08] {nemo} or .98
[13:08] {nemo} little thin
[13:08] {nemo} but not bad
[13:09] {nemo} kss stop to .19
[13:09] {nemo} looks like a db should just declare victory
01[13:13] {@Threei} Long Setup:  CAT  .25 break
01[13:14] {@Threei}  If holds  .15
[13:16] {nemo} finally
[13:16] {nemo} stop to .16
01[13:29] {@Threei}  1:1
[13:29] {nemo} kss to .12
01[13:29] {@Threei}  (2 min ago but I had to wake up to register the fact)
[13:33] {nemo} stop to .06
[13:37] {nemo} C looks short
[13:38] {sami_saeed} By C you mean CAT?
[13:39] {nemo} By "C" I mean "Citibank"
01[13:39] {@Threei}  no, dofferent stock
[13:39] {nemo} aapl too
01[13:39] {@Threei}  different
01[13:39] {@Threei}  CAT is Caterpillar, C is Citibank
[13:39] {nemo} you just wake up Vad?
[13:40] {sami_saeed} Thank you.
01[13:41] {@Threei}  actually no nemo, I never did today
[13:41] {nemo} oh
[13:41] {nemo} stop to .03
01[13:42] {@Threei}  move your butt CAT
[13:43] {dino} pcyc sm l .17
[13:46] {dino} damn, thought 100 would act as magnet
[13:53] {dino} pcyc stop .84 -.33
[13:55] {dino} pcyc sm s .87
01[14:07] {@Threei} Long Setup:  LVS  .15 break
01[14:07] {@Threei}  If holds  .05
[14:07] {nemo} nothing really clear out there
[14:16] {dino} cov pcyc .44, +.43
01[14:16] {@Threei}  Invalidated
01[14:16] {@Threei}  nice one dino
[14:17] {dino} ty
[14:25] {nemo} kss could be setting up for another short here
01[14:27] {@Threei} Short Setup: LVS  75 break
01[14:27] {@Threei}  If holds  .10
01[14:53] {@Threei}  let's trail to .06
01[15:10] {@Threei} Long Setup:  IWM  .80 break
01[15:10] {@Threei}  If holds  .70
01[15:14] {@Threei}  change to .70 break
01[15:14] {@Threei}  If holds  .60
01[15:17] {@Threei}  let's let it dive under .60 and look for entry
[15:17] {dino} why so sure it goes up?
[15:17] {nemo} indexes are in no man's land right now
01[15:18] {@Threei}  not sure in anything, just going with what happened most often lately
01[15:24] {@Threei}  ok, let's tek it here
01[15:25] {@Threei}  stop .54
01[15:25] {@Threei}  tek = take
[15:25] {nemo} it's the pinko's fault
[15:25] {ese} it is not my fault
[15:26] {ese} well maybe a little..............ok it totally is
[15:26] {nemo} We'll take a vote...All in favor of it being ese's fault, type "Eye"
[15:26] {ese} are you happy
[15:26] {nemo} ese, who are you talking to?
[15:26] {ese} you
[15:27] {ese} i naturally assumed the pinko comment was directed at me
[15:27] {RonS} type eye...perfect...ese spelling...
01[15:27] {@Threei}  ese, nemo doesn't know that we islanders are man-eaters... let's just wait till he decides to visit
[15:27] {nemo} it was, I was talking about your subsequent comment
[15:27] {ese} awesome.....nemo you thinking of visiting?
[15:28] {ese} cool....another shiskabob party!!!!!!!!!!!!!!!!!!!!
[15:28] {nemo} always, but my father can no longer be left alone
[15:28] {ese} ah
[15:28] {nemo} water, burners, medicine, etc
[15:29] {nemo} have two doctor's appointments tomorrow
[15:30] {dino} you're a good son handling all that
[15:30] {nemo} my liver can't take it
[15:30] {ese} second that dino
[15:31] {ese} lol......thats the right approach
[15:31] {nemo} yeah, probably can't get through a metal detector anymore
[15:32] {dino} did that for my grandfather for years, unfortunately, it didn't matter, in the end the hired help conned him out of everything
[15:32] {nemo} watch spy break of .55
01[15:32] {@Threei}  1:1
[15:33] {dino} bma spike
[15:45] {nemo} this may be the second lowest spy volume day I've tracked
[15:52] {dino} calling it a day, gn all
01[15:53] {@Threei}  take care dino
[15:53] {nemo} so, your basic gap and nap
01[15:53] {@Threei}  closing IWM balance here
01[15:54] {@Threei}  got the pullback entry right for thos closing trade
01[15:54] {@Threei}  thank you all, have a great evening
[15:54] {nemo} yes, just talking about overall index movement
01[15:54] {@Threei}  see you tomorrow
[15:54] {nemo} .40 range all day
01[15:55] {@Threei}  yeah

Friday, July 11, 2014

Market Week Wrap-up

TradeTheNews.com  Weekly Market UpdateVolatility Picks Up, Correction Fears Rife 



- There was much talk about a looming equity correction among market participants this week. Global indices lost ground, very gradually in the US and most of Asia, and more dramatically in Japan and Europe. Trouble at a Portuguese bank midweek drove a brief rash of contagion fears that recalled the darkest days of the euro debt crisis, however the situation ended almost as soon as it had begun. Nevertheless, markets were reminded that unknown risks lurk everywhere as the Fed and the BoE gear up to exit easy policy even as the ECB struggles to deal with Europe's stubborn disinflation and flat growth trends. Alcoa rang in the June quarter earnings season with a strong quarterly report, and Wells Fargo offered a mixed report. For the week, the DJIA fell 0.7%, the S&P500 fell 0.9% and the Nasdaq declined 1.6%.

- Global markets were spooked on Thursday by problems at Portugal's largest bank, Banco Espirito Santo. Trading in shares of BES were suspended after a wealth management affiliate delayed a debt payment. The yield on Portugal's 10-year note surged to 4%, the highest since early April, and the yields on other peripheral Eurozone sovereign bonds pushed higher. Portuguese and EU officials rushed in to reassure markets that the situation was a one-off and the bank claimed to have plenty of capital on hand.

- Volatility trended higher this week, raising hopes that the dull-as-rain trading seen in the last month is over for now. After bottoming out at 10.28 last Thursday, a seven-year low, the CME's Volatility Index (VIX) ticked as high as 13.20, its highest level since mid-May. The volatility index is still 14% below its one-year average of 13.9 and has closed below that level for 49 days, the longest streak since 2007.

- Crude prices continued to slide, with the front-month WTI contract gliding from $103.70 to close out on Friday around $100.70. Brent futures dropped from $111.60 to close out the week around $107. In Libya, the National Oil Company lifted force majeure on recently regained oil ports, Es Sider and Ras Lanuf, and began discussions with OPEC about how to accommodate rising crude production. There has not been any real change in the situation in Iraq this week, with the fighting there causing little disruption to oil production.

- Wells Fargo was the first of the big banks to report second quarter results. The firm's numbers were mixed, reporting a 3% y/y increase in profits for the second quarter, although revenues ticked a bit lower and EPS was flat for the first time in years. The results reflect a decline in provisions for credit losses and slightly lower expenses, both of which helped offset a 39% y/y decrease in mortgage banking income. Mortgage originations were up over the first quarter but down more than 50% y/y. Executives said the pipeline of mortgage originations was better in the firm's third quarter, but still had not returned to pre-crisis levels.

- Commentary and numbers out of a spectrum of retail names this week suggest not all is well with the US consumer. Walmart CEO warned the hiring rebound has failed to lead to a rise in spending by Walmart's core of middle- and lower-income customers. Restaurant chain Bob Evans said that it sees consumer confidence adversely impacted by macroeconomic headwinds, including health care costs and unemployment. Home improvement supplier Lumber Liquidators guided Q2 lower, saying the demand it experienced following the tough winter did not carry into May and June. After mixed quarterly results, Family Dollar said its numbers reflected the economic challenges facing core lower- and middle-class customers. Finally the June same-store sales figures from L-Brands and Gap missed expectations.

- Airline stocks saw turbulent trading. Early in the week, Air France-KLM warned that rising competition from other airlines on long-haul flights, weak cargo demand and forex issues would reduce earnings more than expected. The slump in Air France's shares pulled major US airlines lower. Then on Wednesday United and American both issued positive second quarter updates. American hiked its Q2 pre-tax margin guidance and disclosed it has sold off its remaining portfolio of fuel hedging contracts, while United said its passenger revenue per available seat mile (PRASM) rose well above expectations thanks to better domestic and Pacific performance. United and American shares gained altitude on the guidance.

- Merger activity quieted down, with only a few deals in headlines. AbbVie raised its bid to acquire Shire, which has already rejected its prior takeover offer. AbbVie raised its cash-and-stock offer by 11%. Reynolds entered negotiations to acquire Lorillard. Imperial Tobacco is also in on the talks, looking to acquire certain brands to help Reynolds address anti-trust concerns. British American Tobacco, which holds 42% of Reynolds, is seeking to maintain an undiluted stake.

- Cable saw its first weekly decline against the dollar since May on signs that momentum in UK economic growth is starting to slow. The pound also fell against nearly all of its other major pairs. The May UK industrial production data slumped, seeing its biggest monthly decline in a year and a half, while June RICS and Halifax home price indices both surprised to the downside. As of July 4th, GBP/USD hit highs around 1.7180, the pound's best level since October 2008, and was back around 1.7110 as of Friday. EUR/USD remained trading in a tight range in the lower half of 1.36.

- US Treasury Secretary Lew travelled to Beijing this week to meet with his Chinese counterparts, who agreed to reduce but not end FX intervention. PBoC Chief Zhou has already signaled that he would like the yuan to reflect market forces, although the PBOC does not really have much independence from China's leadership. China Fin Min Lou Jiwei said that some FX intervention is still needed when China's recovery is not solid and money flows are unstable. USD/CNY exchange rate fell to a 3-week low of CNY6.1950 midweek.

- Initial economic data for the month of June out of China were generally less impressive than May figures but not particularly worrisome. CPI of 2.3% just missed the consensus estimate of 2.4%, as food component slowed to 3.7% from 4.1% and non-food remained unchanged at 1.7% y/y. First-half CPI is well contained below the 3.5% official target ceiling at 2.3%. Chinese trade balance was also lower than expected at $31.6B, with 7.2% exports growth undershooting the 10% forecast as shipments to Japan contracted by nearly 1%. Authorities do not appear concerned over the performance of trade however, expressing more willingness to tolerate renewed Yuan strength.

- In Japan, a 19.5% m/m drop in machine orders - the biggest on record - has renewed speculation the BOJ may be forced to undertake additional easing. Cabinet office has also lowered its assessment on machine orders to state the "increasing trend has been seen stalling", and investors will surely tune in to next week's BOJ policy statement to gauge the extent of its concern over the apparent impact of higher sales tax. The Nikkei225 underperformed regional indices, falling nearly 2% this week.





July 11 2014

Nice start to the day:

Addition:
Session Time: Fri Jul 11 00:00:00 2014
[09:15] {troub} good morning you all
01[09:16] {@Threei}  morning troub
[09:18] {nemo} like fingernails across a chalk board
[09:18] {RonS} gm...screech
01[09:18] {@Threei}  ron :)
01[09:18] {@Threei}  lol
[09:20] {nemo} think wfc tests the whole number
[09:22] {nemo} maybe not
[09:27] {nemo} yep
[09:31] {nemo} touched 51.04 which was the 6/4 close and bounced
[09:31] {nemo} that's also the 50 day
01[09:32] {@Threei} Short Setup: FB  .25 break
01[09:32] {@Threei}  If holds  .35
01[09:32] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  WFC  .10 break
01[09:34] {@Threei}  If holds  .05
01[09:35] {@Threei}  FB got away
01[09:36] {@Threei}  1:1  WFC
01[09:37] {@Threei}  1:2
01[09:37] {@Threei}  1:3
01[09:37] {@Threei}  out .45
01[09:38] {@Threei}  can I go home?
01[09:45] {@Threei} Short Setup: FB  .90 break
01[09:45] {@Threei}  If holds  65
01[09:47] {@Threei}  nope
01[09:51] {@Threei} Long Setup:  GDX  27 break
01[09:52] {@Threei}  If holds  .95
[09:53] {nemo} wfc @suport
01[09:57] {@Threei}  meh
[09:58] {nemo} fb might be short here
[09:59] {nemo} support @ .43
01[10:00] {@Threei}  HAL Signs Joint Venture with SPT Energy Group; this is Halliburton’s first joint venture for hydraulic fracturing services in China
01[10:00] {@Threei} Short Setup: GILD  .70 break
01[10:01] {@Threei}  If holds  .80
01[10:02] {@Threei}  valid
[10:04] {nemo} bbby short
[10:04] {nemo} algo running slow today Vad?
[10:04] {nemo} loco algo
[10:05] {nemo} summer plus weekly op ex
01[10:06] {@Threei}  first 1:4 play said "go home"
[10:06] {nemo} weak:  vfc bbby apa cog
01[10:06] {@Threei}  1:3.5
[10:06] {nemo} strong: ebay
[10:06] {nemo} that must be confusing for you since you are already home
[10:08] {nemo} DVN weak
[10:15] {nemo} QCOM looks short
[10:18] {nemo} finally bbby
[10:18] {nemo} and that's probably it, market looks strong
[10:18] {nemo} relatively anyway
[10:20] {RonS} urs news?
[10:20] {RonS} URS Corp. $URS said working with Citi, DBO Partners on possible sale - Reuters $$
01[10:21] {@Threei}  [URS] Reportedly have held talks to sell company in last few months; have hired advisors to consider sale
01[10:26] {@Threei} Short Setup: FB  .90 break
01[10:27] {@Threei}  If holds  66
[10:28] {nemo} aapl @vwap
01[10:33] {@Threei}  shrug
01[10:33] {@Threei}  typical one trade one kill day
[10:33] {nemo} fb earnings in a coupla weeks
01[10:34] {@Threei}  ?
[10:34] {nemo} glamour stock, probably runs higher into earnings
01[10:34] {@Threei}  does it mean it's not going to drop at all during this time?
[10:35] {nemo} the earth might end too
01[10:35] {@Threei}  we can only hope
[10:35] {RonS} polar vortex next week...
[10:35] {nemo} Kardashians are still alive
[10:35] {nemo} so isn't that Bieber puke
[10:35] {RonS} ...freakin Canadians...
[10:36] {nemo} I think all those migrant Russians in Canada drag the cold air their
[10:36] {nemo} there
[10:36] {RonS} lol
01[10:40] {@Threei}  might be... ukrainians though draw warmth and sun
[10:40] {RonS} hehe
[10:40] {nemo} nah, God lumps you all together
01[10:41] {@Threei}  go to Donetsk and repeat that on central plaza
[10:41] {nemo} I might be obnoxious but I'm not stupid
01[10:41] {@Threei}  oh, and... godspeed. Go toward the light
[10:42] {nemo} toward the brightest light
[10:42] {nemo} the horrors of the Bardo
01[10:42] {@Threei}  actually, these days you won't survive saying that in Kyiv either
[10:43] {nemo} my roof is in Moscow
01[10:44] {@Threei}  come to think of it... that claim won't win you any favors on red square either {G}
[10:44] {nemo} back to the obnoxious vs stupid meme
[10:44] {nemo} fb short now
[10:46] {nemo} nope
01[10:52] {@Threei} Long Setup:  WFC  .40 break
01[10:52] {@Threei}  If holds  .30
01[11:00] {@Threei}  [BBBY] Hearing recent strength attributed to vague chatter than an activist investor could be getting involved
01[11:09] {@Threei} Short Setup: GILD  .50 break
01[11:09] {@Threei}  If holds  .60
[11:18] {nemo} wdc
[11:18] {nemo} looks long
01[11:19] {@Threei}  1:1
01[11:21] {@Threei}  1:2
01[11:23] {@Threei}  1:3
01[11:23] {@Threei}  1:4, out
[11:24] {goinshort} nice V! - thanks
[11:24] {RonS} nice timeing gild story hit at the 15 about Senators asking for reasons for Solvaldi cost
[11:26] {nemo} headline risk worked out
[11:26] {RonS} gild responds:  it's the same reason that you exempt yourself from all the laws you pass...
[11:27] {RonS} adds:  it's also why male dogs lick their balls...
[11:27] {RonS} ...because they can...
01[11:28] {@Threei}  :)
[11:32] {nemo} SHPG
[11:32] {RonS} further, now you invest multi-millions in R&D and suffer the years before fda approval, and invent something that works and is safe...and have some idiot like you ask us why we won't give it away.  Then ban copyrights for all, and see how much investment and innovation you get...now go grill everyone who has a patent and leaves us alone...but if you won't explain to us why you cannot be
[11:32] {RonS} prosecuted and convicted of insider trading and prove to us that you are not short our stock
01[11:33] {@Threei}  nice
01[11:45] {@Threei}  Most Russians not ruling out nuclear war
[11:46] {RonS} vote on a start date?
01[11:46] {@Threei}  Intrade?
[11:47] {RonS} lol...they went bk
01[11:47] {@Threei}  yeah? I missed that
[11:48] {sami_saeed} Good Morning.
[11:48] {nemo} sbux vad
01[11:48] {@Threei}  morning sami
01[11:48] {@Threei} Short Setup: SBUX  .20 break
01[11:49] {@Threei}  actually, .22
01[11:49] {@Threei}  If holds  .30
[11:49] {RonS} wow, expecting a drip eh?
01[11:49] {@Threei}  lol
[11:49] {nemo} no a frickin' Kcup
[11:49] {nemo} IWM testing lows
01[11:52] {@Threei}  - US trading has been volatile this morning after yesterday's rollercoaster ride. As of writing, the DJIA si down 0.17%, the S&P500 is down 0.11% and the Nasdaq is up 0.20%.
01[11:52] {@Threei}  - Fed hawk Plosser minced no words in an interview on the first day of the Jackson Hole conference. Plosser warned that the Fed was falling behind the curve on rates and said he was afraid the FOMC could find itself in a situation where it was forced to play catchup with markets, raising fed funds faster than markets expected.
01[11:53] {@Threei}  - WTI crude is falling even lower this morning, down 1.5% today to $101.30.
01[11:53] {@Threei}  - In Europe, both Portuguese and EU officials have rushed in to reassure markets that the Banco Espirito Santo situation is a one-off and that contagion would result from a limited situation.
[11:53] {nemo} sbux not really participating in this bounce
[11:54] {nemo} oh oh
01[11:54] {@Threei}  stop to .26\
01[11:54] {@Threei}  no need to risk anything here
[11:55] {nemo} lunchtime on a summer Friday, nooope
[12:01] {RonS} don't really know why this is funny but:  BREAKING: Ukraine outlook to stable from negative by S&P; ratings affirmed.
01[12:02] {@Threei}  well, in a way it is
[12:10] {sami_saeed} Friends, I am new here, Just curious what is the difference between discussions & floor.
01[12:11] {@Threei}  #floor is just for the case when IO need to say something uncluttered by the chatter
[12:11] {nemo} Floor separates out the riff raff from the purity of Vad's guidance...His voice alone occupies the floor
[12:11] {nemo} mmmhhh
[12:11] {nemo} I'm not even drinking
[12:13] {RonS} thinkin nemo must be a Bill...
[12:13] {nemo} huh...
[12:14] {RonS} ...since he at leat thinks he is a Shakespeare...
[12:14] {RonS} least
[12:14] {nemo} actually, there is alot of conjecture there was no Shakespeare
[12:14] {RonS} bummer shot to all those festivals...
[12:26] {nemo} wdc, mmight be short here
[12:28] {RonS} and just think of all the actors that will have to go by:  ???? actor
[13:02] {nemo} afternon melt up
01[13:16] {@Threei} Long Setup:  SBUX  .35 break
01[13:17] {@Threei}  If holds  .29
01[13:20] {@Threei}  IWM
01[13:20] {@Threei}  watching for pullback entry
01[13:20] {@Threei}  near 115
01[13:21] {@Threei} Long Setup:  IWM  .05 break
01[13:21] {@Threei}  If holds  .95
01[13:22] {@Threei}  trail to .99 after .10 break
01[13:23] {@Threei}  trail
01[13:26] {@Threei}  take half off
01[13:26] {@Threei}  1:1
01[13:31] {@Threei}  closed on a trail
[13:31] {nemo} how about a 1:10er vad?
01[13:31] {@Threei}  yes sir
[13:31] {nemo} thanks
01[13:32] {@Threei}  gimmie a min sir
01[13:32] {@Threei}  coming right up sir
[13:32] {nemo} np
[13:32] {nemo} privyet
06[13:32] * @Threei slaps nemo around a bit with a large dose of realism in the bottle of Stolychnaya
[13:32] {nemo} actually thinking Qcom short here
[13:32] {nemo} Yeah, thanks, give me the panther piss
01[13:33] {@Threei}  I like QCOM short
01[13:33] {@Threei}  .20 break
01[13:35] {@Threei}  Canadian dollar died horrible death today
01[13:35] {@Threei}  pleasure to see
01[13:36] {@Threei}  10 more days like this, I'll be even happier
[13:41] {nemo} QCOM
01[13:42] {@Threei} Short Setup: QCOM  .20 break
01[13:42] {@Threei}  If holds  .30
[13:44] {nemo} frickin'water torture
01[13:45] {@Threei}  summer friday afternoon
[13:45] {nemo} o.k. heat stroke
01[13:45] {@Threei}  slow like one-legged snail in mollasses
01[13:46] {@Threei}  we did have heat wave over last couple days... in our own way of course
01[13:46] {@Threei}  about 27-28C
01[13:46] {@Threei}  thankfully, in the evening temp drops under 20, crisp and nice
[13:49] {troub}   http://www.forbes.com/sites/paulroderickgregory/2014/07/11/putins-failing-ukraine-scorecard/   Putin's Failing Ukraine Scorecard in Forbes.  You might enjoy, Vad
01[13:52] {@Threei}  thanks, reading
01[13:54] {@Threei}  a lot of truth in that article, troub
01[14:02] {@Threei}  Invalidated  QCOM
01[14:03] {@Threei}  *(US) JUNE MONTHLY BUDGET STATEMENT: $70.5B V $79BE - Receipts: $323.6B v $286.6B y/y - Outlays: $253.1B v $170.1B y/y
01[14:04] {@Threei}  isn't it remarkable? receipts grow, great - yet outlays outpace them handily
01[14:06] {@Threei}  QCOM was two-sided, nemo
[14:06] {nemo} yeah, the thought had crossed my mind vwap might be a draw
[14:06] {nemo} needs to hold .30
01[14:06] {@Threei}  mine too but I fainted before I could type it
01[14:07] {@Threei}  effort to think the thought was too much
01[14:38] {@Threei} Short Setup: IWM  .25 break
01[14:39] {@Threei}  If holds  .30
01[14:42] {@Threei}  meh
[14:47] {nemo} could make an argument for that setup again
01[14:55] {@Threei}  you are right'
[14:56] {nemo} wish I had brought up facebook to you
[15:03] {RonS} outta here early...thanks all...nice week here...world returns to normal next week...dino resumes building his fortune  :)
01[15:04] {@Threei}  take care Ron
[15:15] {goinshort} thanks everyone- cya monday
01[15:15] {@Threei}  have a good one gs
[15:16] {goinshort} you too!
[15:17] {troub} yard work calls with 102 "feels like"
01[15:18] {@Threei}  ouch
01[15:18] {@Threei}  ok guys, have good weekend
01[15:18] {@Threei}  see you monday

Thursday, July 10, 2014

July 10 2014

Not too shabby, right after 1:2 on FB. Overall, 100% day - not too bad for mid-summer market.



Session Time: Thu Jul 10 00:00:00 2014
[09:02] {nemo} DAX still dropping
01[09:02] {@Threei}  SPY too
[09:02] {nemo} yeah, just bounced at 195
[09:03] {nemo} S4 daily on spy is 194.93  you don't get there too often, but the ranges have been tight of late
[09:04] {nemo} S4 daily on IWM is 114.39, it's already through that
[09:04] {nemo} 28.80 is R4 on VXX
01[09:11] {@Threei}  (DE) US intelligence station chief at Embassy in Berlin has been expelled and asked to leave - press - Note: Germany Chancellor Merkel today has been speaking at length about her concerns about the spying allegations unearthed by the Snowden revelations
[09:12] {troub} good morning you all
01[09:12] {@Threei}  troub :)
[09:15] {RonS} gm guys
01[09:16] {@Threei}  ron :)
[09:21] {goinshort} morning all
01[09:21] {@Threei}  gs :)
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  - AMRE +14.5% (acquisition offer from Regency Centers)
01[09:24] {@Threei}  - FTD +8.8% (no news seen)
01[09:24] {@Threei}  - CWH +6.9% (Stifel raises to Buy)
01[09:24] {@Threei}  - IMMR +7.2% (announces multi-year license agreement with Huawei)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  - LL -22% (guidance, downgrades)
01[09:25] {@Threei}  - PBPB -19.9% (lowered guidance)
01[09:25] {@Threei}  - SPRT -9.0% (Phase II eteplirsen trial update)
01[09:25] {@Threei}  - WDFC -7.5% (earnings)
01[09:25] {@Threei}  - TSCO -5.5% (lowered guidance to low-end of range)
01[09:25] {@Threei}  - PXLW -5.5% (profit-taking following Apple TV rumors)
[09:27] {ese} gm
01[09:27] {@Threei}  ese :)
01[09:30] {@Threei}  SRPT serious bleeding
[09:31] {ese} whats caused this drop in the mrkt?
[09:31] {nemo} take your pick bad bank Portugal, bad economic news europe, ISIS got their hands on uranium
01[09:32] {@Threei}  Portuguese banking concerns mostly
01[09:32] {@Threei} Long Setup:  FB  .40 break
01[09:32] {@Threei} Long Setup:  FB  .30 break
01[09:32] {@Threei}  If holds  .20
01[09:33] {@Threei}  stop .24
01[09:34] {@Threei}  1:1
01[09:34] {@Threei}  1:2
[09:34] {ese} missed bmy bounce......melanoma drug
01[09:37] {@Threei} Long Setup:  SRPT  .15 break hl
01[09:38] {@Threei}  lol
01[09:38] {@Threei}  1:3
01[09:38] {@Threei}  good luck getting it though
01[09:39] {@Threei}  that was one large bounce
01[09:47] {@Threei} Long Setup:  TWTR  .75 break
01[09:47] {@Threei}  If holds  .65
01[09:48] {@Threei}  1:1
01[09:52] {@Threei}  1:2
01[09:53] {@Threei}  1:4
01[09:53] {@Threei}  out
[09:59] {ese} L bmy .78
[09:59] {nemo} remarkably quiet for such a drop
[10:00] {ese} Ya...for sure
[10:04] {ese} L bmy .74 avg .76
[10:11] {ese} 1:1
[10:11] {nemo} basically nothing on the algo
[10:13] {ese} my screens not showing much either
[10:14] {nemo} you still have that picture of Marx as wallpaper?
[10:14] {ese} indeed....twice the size now
01[10:14] {@Threei}  http://goo.gl/1wbLmQ
01[10:15] {@Threei}  extended version: http://www.ottawalife.com/wp-content/uploads/2012/07/Karl-Marx-Friedrich-Engels-Vladimir-Lenin-Joseph-Stalin.jpg
[10:15] {ese} nice looking fellow
01[10:18] {@Threei} Short Setup: FB  .60 break
01[10:18] {@Threei}  If holds  .70
[10:19] {nemo} spy looks breakoutish
01[10:20] {@Threei}  Vehicle production in Ukraine in June down by three times on May
01[10:20] {@Threei}  considering what kind of vehicles those are, it's a very good thing
01[10:20] {@Threei}  Invalidated
[10:22] {ese} bmy 1:2
[10:22] {ese} out .98 +.22
[10:22] {ese} good enough
01[10:24] {@Threei}  dino actually missing not a bad week
01[10:28] {@Threei} Short Setup: IWM  .75 break
01[10:28] {@Threei}  Invalidated
[10:30] {nemo} only 13 stocks on the algo
[10:30] {nemo} that's ridiculous
[10:30] {nemo} nothing is moving
01[10:31] {@Threei}  valid again
01[10:31] {@Threei}  same setup
01[10:32] {@Threei}  .75 break if stays under .85
[10:32] {RonS} how Putinesqe:  China agrees to reduce FX intervention "as conditions permit"
01[10:32] {@Threei}  lol
01[10:36] {@Threei}  let;s trail to .81
01[10:38] {@Threei}  half out
01[10:38] {@Threei}  stop .76
01[10:38] {@Threei}  1:1
[11:02] {ese} cya'll tomorow for a bit......have a great rest of the day.
01[11:14] {@Threei}  hilarious series titled "One second before..."
01[11:14] {@Threei}  http://www.liveinternet.ru/users/margo14/post323017971/
01[11:14] {@Threei}  some captions are priceless, too bad no english translation
01[11:14] {@Threei}  if you name the number of the one you like, I'll translate
01[11:35] {@Threei} Short Setup: FB  .65 break
01[11:35] {@Threei}  If holds  .75
01[11:35] {@Threei}  Invalidated
01[11:47] {@Threei}  - Ugly events in Europe have freaked out global markets this morning, as participants collectively experience Eurozone crisis flashbacks
01[11:48] {@Threei}  - Portugal's largest bank, Banco Espirito Santo, is in the crosshairs this morning. Trading in shares was suspended this morning after a wealth management affiliate delayed payments on debt and Moody's downgraded the firm. The yield on Portugal's 10-year note surged to 4%, the highest since early April, and two Spanish banks were forced to suspend bond sales
01[11:49] {@Threei}  - In addition to the events in Portugal, French manufacturing plummeted 2.3% in May, while output dropped 1.7%, far worse than expectations. Italian industrial output declined 1.2%, the largest drop since November 2012.
01[11:49] {@Threei}  in short, nemo's dream coming true
01[11:49] {@Threei}  last thing left is Yellowstone blowout
[11:50] {RonS} lol
01[11:50] {@Threei}  I am ashamed to say but I find myself more and more in agreement with him :)
[12:37] {nemo} mmmhhhh
01[12:47] {@Threei} Short Setup: SLW  .30 break
01[12:47] {@Threei}  If holds  .37
[12:48] {nemo} slw just showed up weak on the algo
01[12:49] {@Threei}  {---- algo
[12:49] {nemo} loco maybe
01[12:49] {@Threei}  can't I be both?
01[12:57] {@Threei}  1:1
01[12:57] {@Threei}  see? algo
01[12:57] {@Threei}  even if loco
[12:57] {nemo} gg coming up weak now
06[12:57] * @Threei is now known as Loco Algo
[12:58] {nemo} Ukranian of Mexican descent
01[13:00] {@Threei}  correction: Agnostic Jew of Mexican descent from Ukraine
01[13:01] {@Threei}  how's that for a diabolical mix?
[13:01] {nemo} that's more augmentation then correction
01[13:01] {@Threei}  I disagree
[13:01] {nemo} I don't care
01[13:02] {@Threei}  I like to correct but not to augment
[13:02] {nemo} the only thing you changed was the agnostic descendent of Abraham
01[13:03] {@Threei}  and do have in mind: those who disagree will be used as first line of defense when Yellowstone blows up - they will be shoved in the volcano to stop lawa flow
[13:03] {nemo} I'll be in Tibet
[13:05] {nemo} So, IWM basically opened on the 50 day, retested, and hasn't looked back
[13:07] {cosmo} Is Yellowstone an agnostic depository?
[13:07] {nemo} largest active volcano in the world
01[13:07] {@Threei}  no, it's nemos depository
[13:07] {nemo} if it goes, we do
01[13:07] {@Threei}  agnotics will be the ones doing the shoving
[13:08] {cosmo} I just hope its painless
01[13:08] {@Threei}  don't
[13:08] {nemo} fat frickin' chance
[13:08] {nemo} it'll be a cosmic bohica
[13:09] {cosmo} its just gonna fissle
[13:09] {cosmo} for a few hundred years...
[13:11] {cosmo} big bangs are over rated
[13:12] {RonS} wife been saying that for years?
01[13:13] {@Threei}  lol
[13:14] {cosmo} my wife?
[13:15] {cosmo} I wonder...
[13:22] {nemo} well looks like the markets think it's purely a European problem
[13:41] {RonS} nemo, you there?
[13:41] {nemo} no
[13:42] {RonS} pic.twitter.com/sxYkvnWCPL
[13:42] {nemo} hehehe
01[13:42] {@Threei}  lol
[13:44] {RonS} saw "deep throat" in packed 400 person auditorium at college...when Lovelace did the deed the gasps from the females drowned the soundtrack...hilarious
[13:45] {nathan} hi gents
01[13:45] {@Threei}  hey nathan
[13:45] {nathan} just came to say hi and wish a good summer
01[13:46] {@Threei}  thanks, you too
[13:46] {nathan} are u going to be around the whole summer
[13:46] {nathan} no vacations?
01[13:46] {@Threei}  what's the point in summer vacastion
[13:46] {nemo} what does that word mean?
[13:46] {nathan} :-)
01[13:46] {@Threei}  winter, maybe, to get to the warmer climes
01[13:47] {@Threei}  summer is beuatiful here
[13:47] {nathan} it looks like
[13:48] {nathan} i mean "trading  vacation"... because of the rithim, low volume...
01[13:48] {@Threei}  we are at 100% today
01[13:48] {@Threei}  with 1:2 and 1:4
[13:48] {nathan} gj nice to hear
01[13:49] {@Threei}  don't listen to itsalloverers
01[13:49] {@Threei}  they sing this song for years
[13:50] {nathan} right
[13:51] {nathan} I'll be back this august, hopefully. We're going to the mountains for a few weeks
01[13:51] {@Threei}  climb carefully
01[13:51] {@Threei}  if you see volcano erupting, shove someone else in it to stop lawa flow
[13:51] {nathan} :-)
[13:52] {nathan} take care
[13:52] {nathan} u 2 nemo ;-)
[13:53] {nemo} peace and quiet
[13:53] {nathan} havent seen u this year running in front of the bulls in san fermines
[13:54] {nemo} I'm a bit old for Pamplona
[13:54] {nemo} besides, after having gone to a bull fight, I root for the bulls
[13:55] {nathan} :-)
[13:55] {nathan} well take u 2 man
[13:55] {nathan} take care
[13:55] {nemo} actually, the one I went to, the matador got launched into the stands
[13:55] {nathan} hehehehe
[13:55] {nemo} I still have the ticket somewhere around
[13:56] {nemo} It was near the Costa Brava
[13:56] {nathan} have u been there?
[13:56] {nemo} yep
[13:56] {nemo} loooooong time ago
[13:57] {nemo} too many jelly fish
[13:57] {nemo} made the mistake of drinking the water
[13:57] {nemo} rough coupla' days
[13:57] {nathan} hehe
[13:58] {nemo} beautiful though
[13:58] {nathan} oh yeah! there's a spot where we used to go, called Cadaques...
[13:58] {nathan} pretty nice place
[13:58] {nathan} If u ever come again...
[13:58] {nathan} nice to visit & stay
[13:59] {nemo} was living in Germany at the time, turns out lotsa' Germans were there
[13:59] {nemo} some of them did not belong in bathing suits
[13:59] {nathan} not in cadaques... they use to get drunk in other places, like calella, Tossa...
[14:00] {nemo} yeah, can't remember exactly where I stayed
[14:04] {nathan} c u soon
01[14:04] {@Threei}  take care nathan
01[14:36] {@Threei}  CNBC mentions unusual activity in Cynk technology (ticker: CYNK) over the past few days, have found 1 employee, the CEO, who indicates he is no longer associated with the company
01[14:36] {@Threei}  lol
01[14:41] {@Threei} Short Setup: GLD  .65 break
01[14:41] {@Threei}  If holds  .75
01[15:19] {@Threei}  1:1
01[16:02] {@Threei}  thank you all
01[16:02] {@Threei}  100% day
01[16:02] {@Threei}  have a good evening, see you tomorrow

Wednesday, July 9, 2014

July 09 2014

Love for the bear market, 1:4 FB - and that's after a few 1:2s on CAT, FB etc.


Session Time: Wed Jul 09 00:00:00 2014
01[09:14] {@Threei}  -NQ +13.0% (reiterates internal investigation found no evidence of fraudulent conduct)
01[09:14] {@Threei}  -LXRX +9.6% (announcement of Phase 2 Clinical Trial Of LX4211)
01[09:14] {@Threei}  -SGMO +8.4% (no news seen)
01[09:14] {@Threei}  -AAL +5.6% (traffic & FY14 capacity guidance)
01[09:14] {@Threei}  -GIMO -32.7% (cut guidance)
01[09:14] {@Threei}  -TCS -15.1% (post earnings)
01[09:14] {@Threei}  -MSM -5.8% (earnings miss)
[09:16] {RonS} gm...thanks for posting 3i
01[09:16] {@Threei}  Ron :)
01[09:17] {@Threei}  -DAL +3.1% (AAL FY14 capacity guidance)
01[09:17] {@Threei}  -AA +2.4% (post earnings)
01[09:17] {@Threei}  -RAI +1.9 (takeover chatter from British American Tobacco)
01[09:17] {@Threei}  -AMX +3.5% (looking to sell assets to bring down Mexico mkt share)
01[09:17] {@Threei}  -SIMG -10% (guidance)
01[09:17] {@Threei}  GIMO, this is brutal
[09:18] {troub} good morning you all
01[09:18] {@Threei}  troub :)
[09:19] {RonS} gimo ceo said miss due to inability to close deals....well, duh....
01[09:20] {@Threei}  lol
[09:27] {ese} mornng
[09:27] {nemo} frickin' Marxist
[09:28] {ese} and you should have heard me at vads on saturday with about 4 vodka shots in me
01[09:28] {@Threei}  ese :)
[09:29] {ese} one of the shiskabob skewers was almost used on me
01[09:29] {@Threei}  full of meat, no less
[09:29] {ese} most dangerous barbecue i've ever been too
01[09:30] {@Threei} Short Setup: FB  .40 break hl
01[09:30] {@Threei}  If holds  .50
01[09:30] {@Threei}  Invalidated
[09:30] {nemo} resistance around .60ish
01[09:32] {@Threei} Short Setup: TWTR  38 break
01[09:32] {@Threei}  If holds  .10
01[09:32] {@Threei}  change to .05 break
01[09:32] {@Threei}  .13 stop
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  lol
01[09:35] {@Threei} Long Setup:  FB  .65 break
01[09:35] {@Threei}  If holds  .55
01[09:35] {@Threei}  ummm
01[09:35] {@Threei}  that was beyond fast
[09:35] {nemo} getting old Vad
01[09:35] {@Threei}  ok... I assume you got it
01[09:35] {@Threei}  1:1
[09:36] {nemo} nah, just bustin'
01[09:36] {@Threei}  1:2
01[09:36] {@Threei}  (for nemo)
[09:37] {nemo} got internet guy coming later
01[09:37] {@Threei}  we don't want to know
[09:37] {nemo} frickin' thing dies around dusk, and comes back to life around 8:00 am
[09:37] {nemo} too late
01[09:38] {@Threei} Long Setup:  DAL  .35 break
01[09:38] {@Threei}  If holds  .25
01[09:39] {@Threei}  1:1
[09:40] {ese} gimo serious haircut..... dn32%
01[09:40] {@Threei}  cut guidance
[09:41] {ese} ya
[09:41] {nemo} Fed Minutes today
01[09:41] {@Threei}  MU Hearing weakness attributed to cautious comments from Morgan Stanley
01[09:42] {@Threei} Long Setup:  TWTR  .20 break
01[09:42] {@Threei}  If holds  .10
01[09:43] {@Threei}  to .14
01[09:43] {@Threei}  out
01[09:44] {@Threei}  FB Wedbush reiterates Outperform rating, price target $80
01[09:45] {@Threei}  rinse
01[09:45] {@Threei} Long Setup:  FB  64 break
01[09:46] {@Threei}  late
01[09:46] {@Threei}  valid again
01[09:46] {@Threei}  If holds  .90
01[09:46] {@Threei}  1:1
[09:47] {nemo} should get .30
01[09:51] {@Threei} Long Setup:  DAL  .15 break
01[09:51] {@Threei}  If holds  .05
01[09:53] {@Threei} Short Setup: CAT  .70 break
01[09:53] {@Threei}  If holds  .80
01[09:54] {@Threei} Short Setup: FB  .90 break
01[09:54] {@Threei}  If holds  64
01[09:55] {@Threei}  1:1
01[09:55] {@Threei}  let's see if we repeat yesterday... when selling started it became quite relentless
01[09:55] {@Threei}  1:2
01[09:58] {@Threei}  1:1  CAT
01[10:00] {@Threei}  1:2
01[10:00] {@Threei}  purrrrfect
[10:00] {nemo} ese...rimshot please
01[10:01] {@Threei}  kidding? he won't be able to say word "vodka" without gagging for the next 6 months
[10:01] {nemo} he does that with "water"
01[10:02] {@Threei}  but I have to give it to him: singing "International" after 4th shot perfectly in tune
01[10:03] {@Threei}  ok, I know you are going to laugh, but:
01[10:03] {@Threei}  US, France demand Russia de-escalate situation in Ukraine, threaten sanctions
01[10:04] {@Threei}  PARIS - French prosecutors want activists who bared their breasts in Notre Dame Cathedral to pay thousands of euros in fines for damages.
01[10:04] {@Threei}  what damages?
01[10:04] {@Threei}  what did they manage to damage with those breasts??
[10:04] {goinshort} finally found some RU STD gold + platinum -very nice!
[10:04] {nemo} mmmhhhh....I shall refrain
01[10:06] {@Threei} Short Setup: FB  .70 break
01[10:06] {@Threei}  If holds  .80
01[10:08] {@Threei}  1:1
01[10:09] {@Threei}  1:2
01[10:09] {@Threei}  got it right about selling so far
01[10:10] {@Threei}  1:3
01[10:10] {@Threei}  man... how I love bear markets
01[10:10] {@Threei}  it's not even real bear yet
01[10:10] {@Threei}  1:4
01[10:10] {@Threei}  out
01[10:11] {@Threei}  just first signs of selling
01[10:11] {@Threei}  and already it produces such trades
[10:17] {nemo} DE probably good to the 88.20 area
[10:17] {nemo} I'll be going off line in a few minutes
01[10:18] {@Threei}  sure... internet guy is there
[10:18] {nemo} almost, and his accent:  couldn't understand an Fffn word
[10:19] {nemo} I wonder if I should start digging now?
[10:22] {nemo} quiet already before the minutes
[10:39] {ese} bab dap bap ..late rim shot
01[10:40] {@Threei}  speaking of which, gs... this time we had Iceberg
01[10:41] {@Threei}  different taste direction that Russian Standard, but very nice
[10:41] {ese} vodka.....I wouldn't have been ablet to tell the difference
[10:42] {ese} I want to see those breasts.......had to make a decision for damages without visual inspection
[10:42] {ese} hard not had
01[10:43] {@Threei}  if you tried both next to each other, you'd be able to tell the difference
[10:43] {ese} takeover chatter around AKAM.....interesting
[10:50] {nemo} well, just as I suspected, they found nothing
01[10:51] {@Threei}  no explanation fir the slowdown?
[10:52] {nemo} no, signals are all good right now, they won't go bad after dark.  They think my theory of moisture is the best
[10:52] {nemo} condenses after dark, causing signal decay
01[11:22] {@Threei} Long Setup:  FB  .15 break hl
01[11:22] {@Threei}  If holds  .05
01[11:34] {@Threei}  meh
[11:51] {nemo} any body awake?
01[11:51] {@Threei}  mine isn't
[11:52] {nemo} esrx may be short on a break down, or possibly around .45
[12:09] {nemo} mon and de look weak
[12:09] {nemo} esrx getting the hft jitters in this .40 area
[12:17] {nemo} dropped the .45 area, just given the fed and time of day, might be more risk than reward
[13:01] {nemo} frickin spy...which way
[13:03] {nemo} would it be over the top that I wouldn't mind all the Kardashians being killed in a plane crash?
01[13:04] {@Threei}  you realize how many of them are out there?
[13:04] {nemo} ahhh...yeah
[13:05] {nemo} they're like a sign of the Apocalypse
01[13:10] {@Threei} Long Setup:  IWM  .45 break
01[13:10] {@Threei}  If holds  .40
[13:11] {nemo} it's right up against vwap
[13:13] {RonS} heard a new phrase today... vwaping
01[13:14] {@Threei}  lol
01[13:14] {@Threei}  "vaping" is smoking e-cigarette
01[13:14] {@Threei}  1:1
01[13:17] {@Threei}  btw, appearance of e-cigarettes helped coin a term "analogue cigarette..." never thought of it as analogue, lol
[13:23] {goinshort} IWM - nice call -thanks!
01[13:23] {@Threei}  :)
01[13:26] {@Threei}  (IL) Israel military comments that militants in Gaza have launched rockets at the Dimona nuclear reactor, though no damage has been reported
01[13:26] {@Threei}  great
[13:27] {nemo} Katusha's won't do squat to that
01[13:27] {@Threei}  (US) House Republicans to introduce bill on July 10th to force the Federal Reserve to adopt strict rules to guide its monetary policy or else face an audit - The Hill The bill would require the Fed to make decisions on interest rate movements based on a specific, public equation that is based on inflation and economic data. Such a provision would tie the hands of Fed officials further, while advocates of such a rule-based approach say it would provide clarity to the public about how the Fed will operate. The Fed would also face significant restrictions on its regulatory efforts, as any new rules written by the central bank would have to undergo cost-benefit analysis before taking effect. The legislation would also require the head of the Fed to testify twice as often before the Financial Services and Senate Banking committees, appearing four times a year before each.
01[13:28] {@Threei}  you know how that goes... there is some little window somewhere that is not supposed to be open ever... and someone opens it to have a smoke... and missile flies right in
01[13:28] {@Threei}  Murphy law
[13:29] {nemo} Sod's law is the British version
01[13:29] {@Threei}  "one in a million chance doc"
[13:29] {nemo} the old "golden bb"
[13:33] {nemo} bbry
[13:38] {nemo} petm drop of .50 stop above .55 looks good
[13:41] {nemo} Qs new highs
[13:43] {nemo} this will probably do nothing into Fed
[13:43] {nemo} lotta dark pool activity those FADF trades
[13:44] {nemo} look at those 1 4 1 3 share trades
01[13:48] {@Threei}  NFLX Wins bid over Amazon to acquire the video on demand rights to "Zoo" series from CBS following the end of its run on the network next year
[13:52] {nemo} petm gonna' be a rinse?
01[13:52] {@Threei}  looks good to me as long still
[13:53] {nemo} yeah, could go to vwap
[13:54] {nemo} break of .60 but look at the time
[13:58] {nemo} indexes starting to get a short look, but we should get the Fed "Cha, Cha, Cha"
01[14:00] {@Threei}  *(US) MINUTES OF THE JUNE 17-18 FOMC MEETING: OFFICIALS FELT USE OF OVERNIGHT REVERSE REPOS COULD BE USEFUL IN NORMALIZING POLICY
[14:00] {nemo} Fed Minutes: QE likely to end with final $15 billion reduction in October
[14:00] {nemo} petm drop of .50 looking good again
01[14:01] {@Threei} Short Setup: GLD  .30 break
01[14:01] {@Threei}  If holds  .40
[14:01] {nemo} blasphemy shorting real money
01[14:02] {@Threei}  Invalidated
[14:02] {nemo} o.k. if "Cha, Cha, Cha," theory correct we're going down
[14:05] {nemo} if petm gets trhogh that swing low, methinks the whole number is in it's future
[14:06] {nemo} so far the "Cha, Cha, Cha"  theory holds
[14:08] {nemo} I love animals, but I could learn to hate PetSmart
[14:08] {nemo} don't tell bunny
01[14:09] {@Threei}  at least not right now
01[14:09] {@Threei}  keep it to blackmail nemo
[14:09] {nemo} too funny, I laid down on the floor yesterday and nodded off.  I wake up and she's stretched out beside me...cracked me up
[14:11] {nemo} still, never forget the image of my 81 year old father with an oxygen bottle in one hand, trying to shake bunny of his other leg
[14:12] {nemo} an attack rabbit...whoda' thunk
[14:12] {nemo} Monty Python had it right
[14:20] {nemo} wow that's some uniform movement on spy
01[14:24] {@Threei} Short Setup: GLD  .50 break
01[14:25] {@Threei}  If holds  .57
[14:26] {nemo} spy into the gap
01[14:32] {@Threei}  nah
01[14:33] {@Threei}  wow
01[14:33] {@Threei}  what the deuce
01[14:41] {@Threei}  you may laugh but
01[14:41] {@Threei}  EU Council meeting ends without approving anti-Russian sanctions
01[15:07] {@Threei} Short Setup: GLD  128 break
01[15:07] {@Threei}  If holds  .10
[15:08] {nemo} you and your fixation
01[15:10] {@Threei}  what fixation
[15:10] {nemo} gold
01[15:10] {@Threei}  C&H failure
01[15:10] {@Threei}  GLD showing tendency of SPY fading today
01[15:10] {@Threei}  SPY going up
[15:10] {nemo} try that again
01[15:11] {@Threei}  I don't trade on fixations, I trade setups
[15:11] {nemo} hehehehe
06[15:12] * @Threei slaps nemo around a bit with a large chart of uptrending market
06[15:12] * nemo slaps Vad around with a flat VWAP
06[15:21] * nemo slaps Vad around with a bottle of Tito's
06[15:21] * nemo slaps Vad around with a bottle of Pierre Ferrand
01[15:22] {@Threei} Short Setup: FB  .90 break
01[15:22] {@Threei}  If holds  65
06[15:23] * nemo slaps Vad around with a facebook emotion modification experiment
[15:25] {nemo} we need somebody to bomb Berlin get the market moving
01[15:25] {@Threei}  or Paris
[15:25] {nemo} preferably
01[15:27] {@Threei}  stop .96
01[15:27] {@Threei}  1 cent to 1:1
[15:28] {nemo} afternoons suck
01[15:29] {@Threei}  yeah, gotta take whatever is there
01[15:37] {@Threei}  rinse
01[15:37] {@Threei}  grrr
[15:38] {nemo} yeah, can't get .10 anywhere
[15:40] {nemo} ahhh...Yellowstone caldera is twice as big as originally thought
[15:40] {goinshort} anyone take PETM?
[15:40] {nemo} yeah....the wrong way
[15:41] {RonS} when that thing blows civilization will end...
[15:41] {nemo} civilization already ended...everything will die
01[15:41] {@Threei}  that could start bear market
[15:42] {RonS} lol
01[15:42] {@Threei}  :)
[15:42] {nemo} nah, bad news is bought
01[15:42] {@Threei}  how end of civilization is bad news?
[15:42] {nemo} fine by me
[15:42] {nemo} me and bunny head to the mountains
[15:43] {nemo} this petsmart move is all on looking for a buyer...wtf
[15:45] {goinshort} that's all - cya tomorrow
01[15:49] {@Threei}  thank you all, have a good evening
01[15:49] {@Threei}  see you tomorrow

Tuesday, July 8, 2014

July 08 2014

Very nice first half of the day with a few strong trades, followed by shaky afternoon with a few stops. Mostly washout day.

Session Time: Tue Jul 08 00:00:00 2014
01[09:19] {@Threei}  looks like total vacation
[09:19] {troub} good morning you all
01[09:20] {@Threei}  morning troub
[09:20] {cosmo} I come here for vacation
[09:20] {troub} everyone on vacation today
01[09:20] {@Threei}  except ese
01[09:20] {@Threei}  he is in picket line
[09:21] {RonS} gm
01[09:21] {@Threei}  ron :)
01[09:21] {@Threei}  we know exactly where dino is... let's surprise him?
[09:22] {troub} vad, make 100% 1:3 calls today. Teach them to miss
01[09:22] {@Threei}  good idea
01[09:24] {@Threei}  -NURO +36.5% (FDA clears Wearable Tech for OTC use in chronic pain)
01[09:24] {@Threei}  -TXMD +26.6% (follow-through on FBR Capital initiation at Outperform)
01[09:25] {@Threei}  -AAV +8.2% (buying off yesterday's downward move)
01[09:25] {@Threei}  -CGI +7.0% (Stifel Nicolas raise to Buy)
01[09:25] {@Threei}  -ANAC +6.8% (FDA approval of KERYDIN)
01[09:25] {@Threei}  - SMFG -7.7% (Japan FSA regulator to increase supervision over asset management industry)
01[09:25] {@Threei}  -TFM -6.2% (GS cuts to Sell)
01[09:25] {@Threei}  -DAL -1.7% (poor Air France traffic)
01[09:25] {@Threei}  -AAL -1.3% (poor Air France traffic)
01[09:26] {@Threei}  cheapies making big runs...
01[09:26] {@Threei}  normally signals last phase of bull market
01[09:30] {@Threei} Short Setup: FB  .25 break
01[09:30] {@Threei}  If holds  .35
01[09:31] {@Threei}  no go
01[09:32] {@Threei} Long Setup:  TWTR  .70 break
01[09:32] {@Threei}  If holds  .60
01[09:34] {@Threei}  grr
01[09:35] {@Threei}  2 cents from 1:1
01[09:37] {@Threei} Long Setup:  FB  .35 break
01[09:37] {@Threei}  If holds  .25
01[09:40] {@Threei}  TWTR just can't find bottom
[09:40] {nemo} nothing has found the bottom yet
[09:40] {nemo} finnies trying
01[09:41] {@Threei}  1:1  FB
01[09:42] {@Threei}  1:2
01[09:47] {@Threei} Long Setup:  TWTR  .85 break
01[09:47] {@Threei}  If holds  .75
01[09:47] {@Threei}  Invalidated
[09:48] {nemo} S3 is .45
01[09:48] {@Threei}  should be bottoming here
01[09:48] {@Threei} Long Setup:  TWTR  .80 break
[09:48] {nemo} between here and .45
01[09:49] {@Threei}  If holds  .70
01[09:49] {@Threei}  1:1
[09:49] {troub} too fast
01[09:50] {@Threei}  yeah
[09:50] {nemo} Yeah, Vad can't type for shit but boy can he hit those bids
[09:51] {troub} time for voice or is accent worse?
01[09:51] {@Threei}  second day of nice selling... could we finally be in something different than relentless buying
[09:51] {nemo} yeah, german output showed 3rd month of contraction
01[09:52] {@Threei} Long Setup:  WMT  .35 break
01[09:52] {@Threei}  If holds  .25
01[09:56] {@Threei}  1:1
[10:09] {nemo} if twtr doesn'
[10:09] {nemo} t hold here teswt of 38 likely
01[10:12] {@Threei} Short Setup: TWTR  .55 break
01[10:13] {@Threei}  If holds  .65
[10:17] {nemo} PRU looks shor below .50
[10:17] {nemo} little spready
01[10:18] {@Threei}  come on TWTR
01[10:18] {@Threei}  you know you want to kill bottom fishers
01[10:18] {@Threei}  1:1
01[10:19] {@Threei}  1:2
01[10:20] {@Threei}  1:3
01[10:20] {@Threei}  out
[10:21] {nemo} should test near the whole
01[10:23] {@Threei}  beautiful
[10:24] {nemo} what?
01[10:24] {@Threei}  love this selling, gives me hope we might get sustanable bear phase
[10:24] {nemo} I'm looking for the collapse of civilization
01[10:24] {@Threei}  that goes without questions
01[10:25] {@Threei}  but until we get that lucky, let's settle on some nice short plays
01[10:27] {@Threei} Short Setup: DAL  .90 break hl
01[10:27] {@Threei}  If holds  35
01[10:28] {@Threei}  Invalidated
[10:28] {nemo} market trying to bottom
01[10:29] {@Threei} Long Setup:  FB  .85 break
01[10:29] {@Threei}  If holds  .75
01[10:34] {@Threei}  TWTR over a dollar drop since entry
01[10:34] {@Threei}  troub, see what I meant saying that bear market is much more fun?
01[10:39] {@Threei} Long Setup:  FB  .45 break
01[10:39] {@Threei}  If holds  .35
01[10:41] {@Threei}  stop to .39
01[10:41] {@Threei}  touched 1:1
01[10:41] {@Threei}  1:1
01[10:51] {@Threei} Long Setup:  TWTR  37 break
[10:51] {nemo} oops
01[10:51] {@Threei}  1:1
01[10:53] {@Threei}  1:2
01[10:57] {@Threei}  1:3
01[10:57] {@Threei}  1:4
01[10:58] {@Threei}  out
[11:12] {nemo} FB might be bounce time
01[11:15] {@Threei} Long Setup:  FB  .90 break
01[11:15] {@Threei}  If holds  .80
01[11:16] {@Threei}  1:1
01[11:18] {@Threei}  1:2
01[11:18] {@Threei}  09:22] {troub} vad, make 100% 1:3 calls today. Teach them to miss
01[11:18] {@Threei}  getting there :)
[11:19] {troub} not bad
[11:19] {troub} actually darn good
[11:21] {nemo} .53 is FB 50 day
[11:30] {nemo} .56 the low so far
[11:37] {nemo} DAX closed on the lows
01[11:38] {@Threei} Long Setup:  TWTR  .35 break
01[11:39] {@Threei}  If holds  .25
01[11:44] {@Threei}  nope
[11:51] {nemo} PETM
01[11:54] {@Threei}  was looking at FB for .50 break short
01[11:54] {@Threei}  haven't reconditioned myself for "short at will" yet, lol
[11:54] {nemo} yeah, but with that daily it has to be close
[11:55] {nemo} it's been #1 weak on the algo all morning though
[11:55] {nemo} still full red
01[12:20] {@Threei} Short Setup: TWTR  37 break
01[12:20] {@Threei}  If holds  .10
[12:21] {nemo} SPY just closed a big gap, shorts might be tough for awhile
01[12:22] {@Threei}  MSFT Intends to end mainstream support (free) for Windows 7 on January 13, 2015
01[12:22] {@Threei}  what??
[12:23] {nemo} they usually only support back two versions, means something else must be coming
01[12:23] {@Threei}  this is lunacy
01[12:23] {@Threei}  the best windows ever made
01[12:24] {@Threei}  huge share of users just don't need anything else, and won't for years
01[12:25] {@Threei}  Air raid sirens heard in Tel Aviv, signaling possible rocket strike
01[12:30] {@Threei} Long Setup:  EBAY  .35 break
01[12:30] {@Threei}  If holds  .30
[12:32] {nemo} petm again
[12:32] {nemo} testing lows
01[12:42] {@Threei}  EBAY is valid
01[12:44] {@Threei} Long Setup:  FB  .75 break
01[12:44] {@Threei}  If holds  .65
01[12:47] {@Threei}  1:1
01[12:59] {@Threei}  Cosmopolitan: J.K. Rowling just wrote another story about Harry Potter
01[12:59] {@Threei}  yay...
[12:59] {nemo} my life was so bereft
[13:00] {nemo} she's probably jumping the shark with this one
01[13:00] {@Threei}  going to get better now
[13:40] {nemo} selling completely exhausted, no stocks on the weak side now
[13:42] {nemo} we probably close green
01[13:45] {@Threei}  easy
[13:46] {nemo} SPY went down and basically closed that gap and it was up from there
[13:46] {nemo} think the gap was .74 and it got to what, .76
[13:55] {spalqui} hello
01[13:55] {@Threei}  hi
[13:55] {spalqui} is there anyone there?
06[13:55] * nemo racks the slide
[13:55] {spalqui} how are you?
06[13:55] * nemo turns on laser
[13:55] {spalqui} This is the trading room chat right?
01[13:56] {@Threei}  see private essage
01[14:01] {@Threei} Long Setup:  YHOO  60 break
01[14:01] {@Threei}  If holds  .55
01[14:04] {@Threei}  .50 is more reliable support
01[14:04] {@Threei}  but we are in too ijactive time
01[14:04] {@Threei}  inactive
[14:17] {nemo} So, did I ever tell you about my Emergency Room Doctor friend and his gerbil story?
01[14:18] {@Threei}  no, but here is my new favorite photo
01[14:18] {@Threei}  https://fbcdn-sphotos-b-a.akamaihd.net/hphotos-ak-xap1/t1.0-9/10437560_10150388425744982_8457862513280799874_n.jpg
[14:18] {nemo} That's kinda like "If I promise to miss you, will you go away?"
[14:23] {nemo} like appl short here below .20?
[14:24] {nemo} nope
[14:28] {nemo} frickin' tempting
01[14:34] {@Threei}  gs!
01[14:34] {@Threei}  missed nice day
[14:34] {nemo} just call him Lloyd
01[14:35] {@Threei}  lol
[14:38] {goinshort} just got back in town
[14:42] {RonS}  lol...I don't blame the GOP for going to Cleveland. It's so hot in Dallas, Bill Clinton got in bed with Hillary, just to cool off
01[14:43] {@Threei}  lol
01[14:43] {@Threei}  cruel
01[14:51] {@Threei} Long Setup:  FB  .80 break
01[14:51] {@Threei}  If holds  .70'
01[14:55] {@Threei}  change to .60 break
01[14:55] {@Threei}  If holds  .50
01[15:00] {@Threei}  *(US) MAY CONSUMER CREDIT: $19.6B V $20.0BE
01[15:00] {@Threei}  (IL) Reportedly explosion heard in the area of Tel Aviv; said to be an intercepted rocket - press - Follow up: Air raid sirens now going off in Jerusalem, Haifa and the northern region of Israel, near Binyamina
01[15:00] {@Threei}  man...
[15:01] {nemo} that might not be good, what were the credit card debt comps
01[15:01] {@Threei}  (IQ) Pentagon official: US has increased suveillance flights over Iraq to about 50/day (from three dozen per day previously)
01[15:01] {@Threei}  - Total consumer credit annual rate +7.4% - Revolving credit +$1.79B; +2.5% annual rate - Non Revolving credit +$17.8B; +9.3% annual rate - Prior Consumer Credit revised lower from $26.85B to $26.1B
01[15:02] {@Threei}  I think Obama deserves one more Nobel prize
[15:02] {nemo} with the dynamite attached?
01[15:03] {@Threei}  no go FB
01[15:15] {@Threei} Long Setup:  IWM  .30 break
01[15:15] {@Threei}  If holds  .20
[15:16] {nemo} yeah, was looking at .18 break spy
[15:16] {nemo} iwm spy and finnies all had same setup
01[15:16] {@Threei}  wanted .25 initially, too bad didn't go for it
01[15:18] {@Threei}  FB rinse
[15:18] {nemo} probably a short here
[15:19] {nemo} guess so
01[15:20] {@Threei}  grrrr
01[15:34] {@Threei} Short Setup: FB  .65 break
01[15:34] {@Threei}  If holds  .75
01[15:36] {@Threei}  shrug...
01[15:36] {@Threei}  as much as I liked first half of the day...
01[15:42] {@Threei} Long Setup:  IWM  .30 break
01[15:42] {@Threei}  last try
01[15:48] {@Threei}  stop to .23
01[15:49] {@Threei}  ok
01[15:50] {@Threei}  our morning, their afternoon
01[15:50] {@Threei}  thank you all, have a good evening
01[15:50] {@Threei}  see you tomorrow
[15:50] {goinshort} cya all tomorrow - thanks
01[15:51] {@Threei}  take care gs

Monday, July 7, 2014

July 07 2014

Catch of the Day, second 1:3er today



Session Time: Mon Jul 07 00:00:00 2014
01[09:11] {@Threei}  Excessive drinking causes memory loss. Even worse than that - it causes memory loss
[09:11] {nemo} young I was, money I needed
01[09:15] {@Threei}  -EVRY +24.64% (labor union ratification agreement; Monomoy Capital investment)
01[09:15] {@Threei}  -BDSI +15.3% (positive top-line results from the phase III clinical trial of BEMA buprenorphine)
01[09:16] {@Threei}  -GTAT -8.0% (downgrades)
01[09:16] {@Threei}  -USU -7.9% (follow-through)
[09:17] {troub} good morning you all
01[09:17] {@Threei}  troub :)
01[09:18] {@Threei}  not liking these cheapies normally, but EVRY might be worth watching
[09:20] {ese} morning
[09:22] {ese} am still in recovery mode rom Saturday night shiskabob party
01[09:22] {@Threei}  ese :)
[09:23] {RonS} hi guys
01[09:23] {@Threei}  ron :)
[09:23] {ese} vodka shots from a a glass replica of an AK47 is not something one does every weekend.......damn!!!was fun though
01[09:23] {@Threei}  hehe
[09:23] {ese} morning ron
[09:24] {ese} vad
[09:24] {nemo} wonder if I could get him to put his mouth on the barrel of my M4?
[09:25] {ese} ha ha ....ha ha
[09:26] {ese} oh ....and.....the shiskabob was fabulous as well!
01[09:28] {@Threei}  :)
01[09:30] {@Threei} Short Setup: FB  .20 break
01[09:30] {@Threei}  wow EVRY
01[09:30] {@Threei}  unobtainable FB, too fast
01[09:30] {@Threei}  1:1
[09:31] {ese} I'll say....labor union ratification............unlike my union
[09:31] {ese} evry
01[09:32] {@Threei} Short Setup: BDSI  14 break hl
01[09:32] {@Threei}  ugh
01[09:32] {@Threei}  too fast again
01[09:32] {@Threei}  broke while I typed
[09:33] {ese} L kndi.02
[09:34] {ese} out kndi .15 +.13
[09:34] {ese} whoa.....too soon
[09:34] {ese} shot up to .30
[09:35] {ese} ah well....1 to 1 ain't bad
01[09:36] {@Threei}  EVRY, watching for long on pullback
[09:36] {ese} nice daily chrt....looks like rounded bottom to me
01[09:36] {@Threei}  FB too
01[09:39] {@Threei}  EVRY got away
01[09:39] {@Threei}  FB, from under .30
01[09:43] {@Threei} Long Setup:  TWTR  .90 break
01[09:43] {@Threei}  If holds  .80
01[09:45] {@Threei}  1:1
01[09:46] {@Threei}  1:2
01[09:48] {@Threei}  1:3
01[09:48] {@Threei}  out
[09:49] {ese} sppi bdsi simo
01[09:51] {@Threei} Long Setup:  FB  .35 break
01[09:52] {@Threei}  If holds  .30
[09:52] {ese} in
01[09:52] {@Threei}  1:1
[09:54] {ese} out .43
01[09:56] {@Threei} Long Setup:  IWM  119 break
01[09:56] {@Threei}  If holds  .90
[09:57] {nemo} fb looks long break of .40
[09:58] {nemo} qhestion is how far it goes in this tight range
01[09:58] {@Threei}  change IWM to .95 break
01[09:58] {@Threei}  If holds  .85
[09:58] {ese} ya.....am still lookin at facebook nemo for same reason
[09:59] {nemo} this range so tight
01[10:00] {@Threei}  Invalidated
01[10:02] {@Threei} Short Setup: IWM  .75 break
01[10:02] {@Threei}  If holds  .85
01[10:07] {@Threei}  Invalidated
[10:08] {nemo} IWM bottomed at S3
[10:08] {nemo} what news WYNN?
01[10:09] {@Threei}  nothing fresh
01[10:09] {@Threei}  downgraded on June 25
[10:11] {ese} L fb .05
[10:14] {ese} fb stopped .96 -.09
01[10:15] {@Threei} Long Setup:  TWTR  .05 break
01[10:15] {@Threei}  If holds  41
01[10:15] {@Threei}  meh
01[10:21] {@Threei}  in case you wondered, and haven't slept all night:
01[10:21] {@Threei}  Afghan election results: Ghani 56.4%, Abdullah 43.6%
[10:22] {nemo} DE .75 break short looks good, stop above .80
01[10:22] {@Threei}  TWTR rinse
[10:22] {nemo} first support around .65
01[10:23] {@Threei} Long Setup:  VXX  .40 brfeak
01[10:23] {@Threei}  If holds  .35
[10:27] {ese} have traded the vxx but find it difficult
01[10:28] {@Threei}  being at all time low, should start providing better opportunities
[10:29] {nemo} can always get oversolder
[10:39] {nemo} next level for DE is .45
[10:40] {nemo} iwm higher low
01[10:42] {@Threei}  stop to .39
[10:48] {nemo} stop on DE .75
01[10:48] {@Threei}  nive one, 1:2
[10:48] {nemo} .40 is bounce territory
01[10:48] {@Threei}  nice
[10:49] {nemo} stop to .65
[10:49] {nemo} .66
[10:52] {nemo} mos
[10:53] {nemo} 118.34 is S4 on IWM
[10:53] {nemo} .56 stop
[10:53] {nemo} this is S2
[10:54] {nemo} on DE that is
[10:55] {nemo} DE gap close
[10:55] {nemo} to the penny
01[10:56] {@Threei}  wow VXX
[10:56] {nemo} stop to .50
[10:57] {nemo} it breaks this low likely tests .20
01[10:59] {@Threei} Short Setup: CAT  .10 break
01[11:00] {@Threei}  If holds  .20
[11:02] {nemo} DE stop to .46
01[11:05] {@Threei}  no go
01[11:14] {@Threei} Long Setup:  FB  .65 break
01[11:15] {@Threei}  If holds  .57
01[11:19] {@Threei}  Invalidated
01[11:21] {@Threei}  wow
01[11:21] {@Threei}  was worth a fade
01[11:22] {@Threei} Short Setup: IWM  .20 break
01[11:23] {@Threei}  If holds  .30
[11:31] {nemo} ha, DE goes back to entry and drops
01[11:31] {@Threei}  stop to .26
[11:31] {nemo} iwm could argue long here
[11:33] {nemo} traders are so conditioned to buy the dips
01[11:39] {@Threei} Long Setup:  FB  .60 break
01[11:39] {@Threei}  If holds  .50
01[11:41] {@Threei}  change to .45 break
01[11:41] {@Threei}  change to .40 break
01[11:41] {@Threei}  If holds  .35
01[11:44] {@Threei}  nah
01[11:44] {@Threei}  frikin IWM rinse
01[11:45] {@Threei}  quite a few of those today
01[11:49] {@Threei} Long Setup:  CAT  .10 break
01[11:49] {@Threei}  If holds  110
01[11:53] {@Threei}  1:1
01[12:00] {@Threei}  1:2
01[12:02] {@Threei}  will try for 1:4
01[12:02] {@Threei}  1:3
01[12:38] {@Threei} Long Setup:  EVRY  .50 break
01[12:38] {@Threei}  If holds  .40
[12:41] {ese} cya vad......have a good rest of the day
01[12:41] {@Threei}  take care ese
[12:42] {ese} tks for saturday again  was awesome
01[12:53] {@Threei}  Invalidated
01[12:53] {@Threei}  not sure it's worth recalibration
[12:54] {nemo} iwm might be worth a long break of .21
[12:55] {nemo} stop around .15
01[12:57] {@Threei}  (GR) EU official reportedly indicates that Greece's reform measures are falling behind schedule and it may need additional aid at some point
01[12:57] {@Threei}  LOL
[13:00] {nemo} oh well, this doesn't look good
[13:04] {nemo} then again
[13:05] {nemo} wow, look at the last 10 minutes worth of 1 minute candles on iwm, is that .22 area key?
[13:05] {nemo} .23
01[13:06] {@Threei}  (RU) Europe Union Govts have come to an agreement in principle to add names to sanction list as a result of the Ukraine issue
01[13:06] {@Threei}  ouch
01[13:12] {@Threei} Short Setup: CAT  .05 break
01[13:13] {@Threei}  If holds  .15
01[13:18] {@Threei}  trail to .11
[13:43] {nemo} this is like tradewind currents around the equator
[14:29] {nemo} DVN looks short
01[14:39] {@Threei}  good call
[14:40] {nemo} this should be close to spy bottom
[14:40] {nemo} ,18 is S3
[14:40] {nemo} they may want to flush it though
01[14:52] {@Threei}  so, what's the last hour diirection
[14:55] {nemo} well, I would think shorts wouldn'
[14:55] {nemo} t press their bets up towards vwap
01[14:57] {@Threei}  Pink Floyd to release new album after 20-year gap
[14:57] {nemo} indexes having trouble stayin above bearish formations
[14:57] {nemo} wow
[14:57] {nemo} I saw them a few times
[14:57] {nemo} I think
01[14:59] {@Threei} Long Setup:  LVS  .90 break
01[14:59] {@Threei}  If holds  .80
06[15:24] * @Threei kicks LVS in the rear
01[15:33] {@Threei}  CIA reportedly involved in a spying operation against Germany
01[15:33] {@Threei}  why not
01[15:33] {@Threei}  better than on US citizens
[15:33] {nemo} oh jeez, the CIA NSA AND BND are blood brothers, of course they spy on each other
01[15:33] {@Threei}  Manitoba wants prostitution bill amended
01[15:34] {@Threei}  I don't want to know
[15:34] {nemo} BND took me on a weekend ski trip once
[15:34] {nemo} I can't tell you where we went
01[15:46] {@Threei}  very inactive close
[15:47] {nemo} 4 day weekend
[15:47] {nemo} tomorrow will be more lively
01[15:47] {@Threei}  people are dizzy still?
01[15:47] {@Threei}  ese certainly is
01[15:47] {@Threei}  last couple shots were too much
[15:47] {nemo} it's the unequal pressure between the inside of his skull and normal seal level air pressure
01[15:50] {@Threei}  Effective today, recreational marijuana can be sold in Washington State
[15:52] {nemo} there's your spy vwap
01[15:54] {@Threei}  time's running out
01[15:54] {@Threei}  taking scalp
01[15:54] {@Threei}  thank you all, have a great evening
01[15:54] {@Threei}  see you tomorrow