Aug 19 2014

In this quiet low volume market every 1:3 is precious

Chart's courtesy of the brokerage

Low activity day, merely 3 trades, but all three are wins. 

Session Time: Tue Aug 19 00:00:00 2014
[09:04] {dino} gm
01[09:04] {@Threei}  morning dino
[09:09] {RonS} gm...met the second billionare in my life yesterday...thought it was interesting that both are Iranian immigrants that came here as a result of the fall of the Shah in the late '70's...David Merage founded Hot Pockets with his brother, later sold it to Nestle for $2 billion, Bahram Akradi founded and is CEO of Lifetime Fitness...
01[09:09] {@Threei}  ron :)
[09:10] {dino} hanging w/the big wigs
01[09:10] {@Threei}  how are they in person?
[09:11] {RonS} real nice guys...thinking it is easy to be with that kind of dough...
01[09:11] {@Threei}  :)
[09:11] {troub} good morning
01[09:14] {@Threei}  troub :)
01[09:17] {@Threei}  The Icelandic Meteorology Office is closely monitoring Bárðarbunga, a volcano more than 2,000 meters in elevation, located beneath the country’s largest glacier. If lava hits glacier ice, it'll unleash an explosion that'll spew ash and steam high in the atmosphere. Aviation code now at orange.
[09:19] {RonS} was gonna say "hot damn" but now thinking more like cold dam...
[09:20] {RonS} this Lifetime facility is similar to the one 3 blocks from my house (this had better pictures)...http://www.yelp.com/biz/life-time-fitness-parker-2
01[09:21] {@Threei}  nice
[09:21] {RonS} ...the one by my also has an adjacent 20 court (10 inside, 10 outside) tennis complex...they spent $50 million on this entire facility
[09:23] {RonS} said thanks to Mr. Akradi for building it...had not been into a gym in 40 years...he said 50% of the membership nationally had never joined any other kind of club...interesting
[09:24] {dino} neat
01[09:28] {@Threei}  nemo, your dreams might be close to realization... google Bárðarbunga
[09:31] {nemo} Yeah, getting ready to eat the neighbors
01[09:33] {@Threei} Short Setup: FB  .10 break
01[09:33] {@Threei}  If holds  .20
[09:33] {nemo} love how aapl keeps flirting with 100
01[09:33] {@Threei}  1:1
01[09:35] {@Threei} Long Setup:  TWTR  .15 break
01[09:35] {@Threei}  If holds  .05
01[09:37] {@Threei}  to .09
01[09:38] {@Threei}  1:1
01[09:38] {@Threei}  Upside:
01[09:38] {@Threei}  -GSIT +24% (earnings)
01[09:38] {@Threei}  -URBN +1.0% (earnings)
01[09:38] {@Threei}  -AMWD +21% (earnings)
01[09:38] {@Threei}  -HD +3.9% (earnings)
01[09:38] {@Threei}  -DKS +5.4% (earnings)
01[09:38] {@Threei}  -TJX +4.5% (earnings)
01[09:39] {@Threei}  -ARO +11% (guides Q2)
01[09:39] {@Threei}  Downside:
01[09:39] {@Threei}  -JMEI -3.5% (earnings)
01[09:39] {@Threei}  -BHP -3.1% (earnings)
01[09:39] {@Threei}  -RDEN -23% (earnings)
01[09:39] {@Threei}  -LOCO -6.0% (disappointing broker initiations)
01[09:39] {@Threei}  TLLP -2.9% (offering of 2.1M common units)
01[09:42] {@Threei}  1:2  TWTR
01[09:42] {@Threei}  (close enough anyway)
[09:43] {nemo} except for that little wick on the open spy has a .16 range
[09:57] {nemo} aapl almost there
01[09:58] {@Threei}  closed TWTR in full
01[09:58] {@Threei}  happy so far
[10:02] {dino} wow, lci guides raises guidance big time yesterday and gives all back today
[10:02] {dino} looking for gap fill around 38.15
[10:05] {nemo} one could make an argument for starting an aapl short here with the thought of adding more just over 100
[10:05] {nemo} the animal spirits want that number
[10:05] {dino} magnet
[10:05] {nemo} yeah...moths to a flame
[10:06] {nemo} Ravens to EAP
[10:09] {dino} lci sm l .25
[10:10] {nemo} there's your 1:1
[10:10] {nemo} 1:2 also
01[10:27] {@Threei}  gotta wake up earlier these days, stillstanding... missed two good trades
01[10:44] {@Threei}  AMT Hearing weakness being attributed to a cautious report from Muddy Waters
[11:16] {mib_stillstanding} hopefully no bad trades
01[11:17] {@Threei}  no
01[11:17] {@Threei}  2 shots, 2 wins... one even deserved a visual:
01[11:17] {@Threei}  http://tradinglog.realitytrader.com/2014/08/aug-19-2014.html
[11:18] {mib_stillstanding} vn
01[11:25] {@Threei}  nemo... you overdo this application of superglue to SPY on daily basis
[11:26] {nemo} All of Europe on vacation, it's not my fault
01[11:26] {@Threei}  I elect to think it's yours
[11:31] {dino} its always your fault nemo
01[11:32] {@Threei}  there you go
01[11:35] {@Threei} Long Setup:  FB  .10 break
01[11:35] {@Threei}  If holds  .05
01[11:35] {@Threei}  very tight stop, and just a scalp most likely
[11:36] {dino} phm hl l .00
01[11:41] {@Threei}  - EUR/USD moved out to fresh 2014 lows below 1.3330 this morning
01[11:56] {@Threei}  feel free to take scalp as you see fit
01[11:56] {@Threei}  out .18, full lot
[11:56] {nemo} AAPL 100
01[12:27] {@Threei}  nice move FB
[12:27] {nemo} until aapl comes in everything is a long party
[13:02] {dino} slxp spike
[13:03] {dino} smr s 149.95
[13:05] {RonS} Allergan Has Approached Salix Pharmaceuticals About Acquisition of Drug Co. -- Sources
[13:05] {dino} ty
[13:05] {RonS} from dj news
[13:06] {dino} cov slxp 145.84, +4.11
[13:07] {RonS} Allergan Is In Talks With More Than One Acquisition Target -- Source
[13:09] {dino} reload s smr 14850
[13:10] {dino} cov 148.74 -.24
[13:10] {nemo} it's tough in this environment not to force trades
[13:10] {dino} damn rinsed
[13:11] {nemo} spy looks short here
[13:12] {dino} smr s 148.25
[13:14] {nemo} boy am I bored.  watching "Mysteries of the Bible"
[13:14] {dino} cov 147.73, +.52
[13:17] {dino} smr s .77
[13:22] {dino} cov 148.20 -.53
[13:23] {dino} smr s 148.80
[13:24] {dino} stop .33-.53
[13:24] {dino} hmmm
[13:29] {dino} cce spike
[13:32] {dino} adding lci dec calls off yesterdays news
[13:36] {dino} slxp smr s 151.98
[13:41] {dino} no go
[14:11] {nemo} dcc dino
[14:12] {nemo} SPY looks northbound
[14:14] {nemo} gonna get into that gap
01[14:38] {@Threei}  Fluorescent Green “Fireball” Seen in Sky Over Vancouver Island
01[14:38] {@Threei}  they are coming
01[14:39] {@Threei}  http://www.cheknews.ca/news-update-fluorescent-green-fireball-seen-in-sky-over-vancouver-island/
01[15:00] {@Threei} Short Setup: TWTR  .15 break
01[15:00] {@Threei}  If holds  .20
[15:01] {RonS} taking off early here...gone to san diego until next tuesday...y'all have some good ones...ciao
[15:01] {dino} have fun
[15:02] {RonS} will do
01[15:02] {@Threei}  take care ron
01[15:08] {@Threei}  Invalidated
[15:09] {nemo} yeah shorts in a low volume float up is like _________ in a _____________
[15:10] {nemo} what's worse, I have index short setups developing
01[15:11] {@Threei}  too narrow anyway
[15:11] {nemo} 200 a siren song for SPY
[15:12] {dino} yeah, hard to make cake with gap and sits
[15:12] {nemo} yeah, central banks gap the overnight futures on the cheap and then the market holds them
[15:13] {nemo} these last two weeks of August no volume no sellers
[15:13] {nemo} easy game
01[15:15] {@Threei}  just imagine the ampkitude of the move when something shakes the markets out of this complacency
[15:18] {nemo} Dow almost 17000
[15:18] {dino} it wants 20k imo
[15:19] {nemo} yeah, well I figure before labor day easy on 17000...20k I might be dead
[15:19] {dino} 20k within 18 months
[15:21] {nemo} arguably should short indexes here
[15:22] {dino} petm spike
[15:23] {dino} up for sale
01[15:23] {@Threei}  [PETM] Said to be seeking to explore a potential sale; could review strategic alternatives - financial press - Reminder: Jana partners(9.8% stake) has been a frequent agitator for a strategic review at the company
[15:24] {dino} smr s .95
[15:25] {dino} cov .34, +.61
01[15:25] {@Threei}  wtg
01[15:25] {@Threei}  it was worth the wait :)
[15:25] {dino} yeah, need to just sit back and wait, but tough to stay awake
[15:27] {dino} smr s .06
[15:30] {dino} cov petm .66, +.40
[15:31] {dino} i should just show up around 2:30 and trade last hour and half
[15:32] {dino} dgly spike
[15:36] {nemo} guess I should have shorted ;-)
[15:40] {dino} out phm .07, +.07 for all day, sheesh
[15:42] {dino} out kate calls from last week, +.35/22%
01[15:43] {@Threei}  KATE's nice, but PHM is lol
01[15:48] {@Threei}  OK guys, inactive but 100% day
01[15:48] {@Threei}  have a good evening, see you tomorrow
[15:48] {dino} u2, gn all

Aug 18 2014

Gap-and-stall, not our market whatsoever. Add low volume, and you have a recipe for rinses, which is exactly what we got. One good trade on VXX in the morning, then a few shakeouts. Finishing in red, gotta change the strategy if this swamp-like action continues.


Session Time: Mon Aug 18 00:00:00 2014
[09:03] {dino} gm
01[09:04] {@Threei}  morning dino
[09:05] {nemo} what's the FDO DG news
01[09:05] {@Threei}  [FDO] CNBC's Faber: DG's initial bid likely to be rejected - Reminder: Earlier Dollar General confirms Proposal to Acquire Family Dollar for $78.50/shr in cash (approx 3% premium, 5% above offer from Dollar Tree}; total value $9.7B (including debt}
[09:11] {nemo} too funny, just heard about it on German radio
[09:12] {nemo} lotta' traffic jams around Munich
01[09:13] {@Threei}  why?
[09:13] {nemo} good question this time of day, it's 3:15 over there
[09:13] {nemo} I just listen to the streaming programming
[09:14] {nemo} They're doing area weather now
[09:14] {nemo} Now Turkey is pissed at the German version of the CIA about their spying
[09:17] {dino} lci
[09:21] {troub} good morning
01[09:21] {@Threei}  troub :}
[09:21] {RonS} gm
01[09:21] {@Threei}  ron :}
[09:21] {dino} lci
[09:21] {dino} opps
[09:25] {nemo} DAX gapped and napped
[09:25] {nemo} CPI tomorrow  we might too
01[09:29] {@Threei}  (EU} NATO Official: NATO will not try to base major combat forces in Eastern Europe, but is loooking to boost its presence in the region - There are no plans to declare Russia as NATO's main adversary - Putin has some short-term, tactical advantages, but the long term view favors the western powers
01[09:31] {@Threei} Short Setup: GLD  .70 break
01[09:31] {@Threei}  If holds  .80
01[09:32] {@Threei}  change to .75 break
01[09:32] {@Threei}  If holds  .82
01[09:35] {@Threei} Short Setup: TWTR  .25 break
01[09:35] {@Threei}  If holds  .32
01[09:35] {@Threei}  1:1
01[09:43] {@Threei}  VXX, watching for pullback entry
[09:47] {nemo} index short setups
01[09:48] {@Threei}  meh GLD
[09:52] {nemo} so much for those,
01[09:53] {@Threei} Long Setup:  VXX  28 break
[09:53] {nemo} spy gap fill
[09:56] {dino} lci sm l .20
[09:58] {dino} feye sm l .10
01[09:59] {@Threei}  change to .90
[09:59] {dino} car spike
01[10:00] {@Threei}  (US} Aug NAHB Housing Market Index: 55 v 53e (highest in 7 months} [early release on broken embargo]
01[10:00] {@Threei}  wow
01[10:00] {@Threei}  that was at 9:49
[10:04] {dino} feye stop .90, -.20
01[10:04] {@Threei}  GLD rinse
01[10:05] {@Threei}  VXX half out
[10:05] {dino} out lci flat
[10:08] {nemo} OXY looks short below .80
[10:08] {nemo} stop above .90
[10:12] {nemo} 1:1
[10:17] {nemo} 1:2
01[10:17] {@Threei}  nice
[10:18] {nemo} probably looking @.30s
[10:18] {nemo} Index short setups again, but not really excited about them
[10:20] {nemo} I think there must be something unknown going on in X
[10:21] {nemo} 1:3
[10:21] {nemo} stop .66
[10:21] {RonS} or known...Keystone
[10:22] {nemo} Oh jeez...they're bringing back the show "Equalizer" with Denzel Washington
01[10:23] {@Threei}  keystone?
[10:23] {RonS} pipeline
01[10:23] {@Threei}  X ias connected somehow?
[10:23] {nemo} I'd bet on a buyout
[10:23] {RonS} they don't build that with aluminum...
01[10:23] {@Threei}  1/4 more out VXX
01[10:24] {@Threei}  ah... lol
01[10:24] {@Threei}  stop .94
01[10:28] {@Threei}  trail stop to .99
[10:29] {mib_stillstanding} i am now in discussions but dont see anything
[10:29] {mib_stillstanding} now i see it. i guess it does not populate history
01[10:30] {@Threei}  if VXX makes it it 1:3,. should go futher
01[10:32] {@Threei} Short Setup: FB  .50 break
01[10:32] {@Threei}  If holds  .60
[10:33] {nemo} .40 bounce likely
01[10:34] {@Threei}  VXX makes its way to 1:3
01[10:37] {@Threei}  stop to .04
01[10:38] {@Threei}  closed
[10:39] {mib_stillstanding} still short FB?
01[10:39] {@Threei}  no, it went over .60
01[10:39] {@Threei}  see private message pleasr
[10:39] {mib_stillstanding} didn't it hit below .50 first?
01[10:40] {@Threei}  [10:32] {@Threei} If holds .60
01[10:40] {@Threei}  that's a condition for a stop placenment
01[10:40] {@Threei}  and see private message
[10:50] {nemo} Index short setups again with same caveat
01[10:51] {@Threei} Long Setup:  CAT  107 break
01[10:51] {@Threei}  If holds  .90
[11:01] {mib_stillstanding} I got one email only . it does not have any instructions on how to read calls. In addition the following are the effective dates 08/15/2034 08/22/2034 Free Signup $0.00
01[11:01] {@Threei}  that's not it
[11:01] {mib_stillstanding} I may not be alive by then
01[11:01] {@Threei}  there should be one more
01[11:02] {@Threei}  pleaser take this to private message
[11:02] {mib_stillstanding} no other email receivedafter todays registration.
[11:02] {nemo} Everyone thinks of changing the world, but no one thinks of changing himself. - Leo Tolstoy
[11:06] {troub} why change if you are perfect?
01[11:07] {@Threei}  really
[11:07] {nemo} where's my AR
[11:07] {troub} vad is that a ! or a ?
01[11:08] {@Threei}  !
01[11:11] {@Threei}  (FI} Finland Defense Min Lindberg notes that following the events in Ukraine, the Finland Govt has increased its military surveillance operations - Comments however that the threat to Finland has not increased
[11:11] {nemo} even if it has wtf they gonna' do about it
01[11:12] {@Threei}  no kidding
01[11:12] {@Threei}  (US} Interior Department sends draft proposal on drilling safety rules for the Arctic waters off Alaska's northern coast - The Hill (update} The rules are expected to "promote safe, responsibly and effective drilling activities...while also ensuring the protection of Alaska's coastal communities and the marine environment."
01[11:13] {@Threei}  - Markets are waiting with heightened expectations for Fed Chair Yellen's Jackson Hole speech, scheduled for 10:00ET am on Friday. Note also that the minutes from the last FOMC meeting will drop on Wednesday afternoon.
[11:14] {nemo} so much frickin' news this week
01[11:14] {@Threei}  . Few expect a major policy speech from Yellen - the theme of the meeting is the dynamics of the labor market - and some analysts have suggested there may even be attempts to dial back perceptions of a more hawkish tone at the FOMC.
[11:15] {cosmo} How 'bout a Jubilee for a change?
[11:16] {nemo} drinking alrady, ahhh...errr...ahem....Cosmo
[11:19] {cosmo} too early for communion...
[11:19] {cosmo} for me anyway...
[11:19] {nemo} oh jeez....a clergy fetish
01[11:20] {@Threei} Long Setup:  VXX  28 break
01[11:20] {@Threei}  If holds  .95
01[11:22] {@Threei}  need SPY to lose .20
01[11:22] {@Threei}  it's an important support
01[11:22] {@Threei}  if broken, we get a chance for a nice drop
01[11:30] {@Threei}  SPY's glued to the range, .20 - .40
[11:34] {nemo} Europe closes and we get a hiccup
01[11:52] {@Threei}  (IQ} Former Iraq Official Hashemi: Iraq may be on the edge of civil war and partition; just attacking ISIS will not solve all of Iraq's problems
01[12:04] {@Threei}  looks like breakout is coming
01[12:04] {@Threei}  let's see if we can catch IWM pullback
[12:14] {mib_stillstanding} spy bull flag going higher..
[12:15] {mib_stillstanding} if break...
01[12:15] {@Threei}  - NYSE volume 190M shares, about 15% below its three-month average; advancers lead decliners by 4.4:1. - NASDAQ volume 635M shares, about 13% below its three-month average; advancers lead decliners by 2.9:1
01[12:22] {@Threei} Long Setup:  IWM  .10 break
01[12:22] {@Threei}  hesitant call somewhat, I'd prefer a deeper pullback
01[12:23] {@Threei}  but seems not in cards
01[12:23] {@Threei}  If holds  115
01[12:32] {@Threei}  TSLA Herb Greenberg makes cautious comments on CNBC
[12:34] {RonS} that guy is a bozo
01[12:34] {@Threei}  Musk will eat him for breakfast
01[12:34] {@Threei}  change to 115 break
01[12:34] {@Threei}  If holds  .95
01[12:38] {@Threei}  let's do it SPY... break .45
01[12:38] {@Threei}  and run
01[12:38] {@Threei}  fly
01[12:38] {@Threei}  to the moon
01[12:49] {@Threei}  no flying observed
01[12:50] {@Threei}  meh
01[12:50] {@Threei}  out
[12:53] {nemo} IWM bounce maybe
01[12:57] {@Threei}  [AAPL] Purported technical schematics hint at inclusion of NFC technology in iPhone 6, indicates Apple making bigger move into mobile payments - tech blogs
[13:00] {mib_stillstanding} intersting that QQQ and AAPL diverging..
[13:01] {nemo} GOOG weak
[13:01] {nemo} should bounce 581 unless rug pull coming
[13:06] {nemo} VXX heading for resistance
01[13:20] {@Threei} Long Setup:  IWM  .90 break
01[13:21] {@Threei}  If holds  .83
01[13:21] {@Threei}  (OCD stop placement}
[13:39] {mib_stillstanding} froma tweet WORST OF THE YEAR VOL WARNING: NAZ VOL 328 mil after 60 - Gaps below in #markets. Pure drifting, be careful.
01[13:41] {@Threei}  that's why we are so inactive
[13:42] {dino} bingo
01[13:46] {@Threei}  sigh
[13:51] {nemo} well, at least I'm getting caught up on my soaps
[14:09] {goinshort} afternoon !
01[14:09] {@Threei}  hey gs
01[14:11] {@Threei}  still same .20 - .40 range
[14:11] {nemo} .18-.45
[14:12] {nemo} ;-}
01[14:15] {@Threei}  trying to out-OCD me?
01[14:35] {@Threei}  Russian humanitarian aid consists of mainly drinking water and salt
01[14:35] {@Threei}  sounds about right
01[14:35] {@Threei}  who doesn't need salt when bombs are falling around?
[14:36] {RonS} well, you are pissing your pants alot...losing salt...
01[14:36] {@Threei}  ah
01[14:36] {@Threei}  makes sense
01[14:39] {@Threei} Long Setup:  VXX  .10 break
01[14:39] {@Threei}  If holds  28
01[14:51] {@Threei}  Reportedly US court rules in favor of Enbridge on Sierra Club challenge of Flanagan South Pipeline project - press - The Illinois to Oklahoma pipeline carrying tar sands oil will be built mainly on private land and is thus the court rules is exempt from a full US environmental review.
[14:52] {dino} good
01[14:52] {@Threei}  interesting English too
01[14:52] {@Threei}  and is thus the court rules is exempt
[15:03] {RonS} leaving early...see you guys tomorrow
[15:03] {nemo} yeah, that
[15:03] {nemo} s enough of this
01[15:03] {@Threei}  take care ron
01[15:07] {@Threei}  I hate today
[15:07] {dino} same, gap big up and sit are not my market
01[15:07] {@Threei}  and today hates me I take it
01[15:08] {@Threei}  yeah, gap-n-stall
01[15:08] {@Threei}  what to trade when nothing moves
[15:12] {mib_stillstanding} trade nothing or find a stock with high momentum and trade retracement
[15:13] {mib_stillstanding} like I know what i'm talking about:}
[15:16] {dino} lo
[15:16] {dino} lol
[15:16] {dino} dog days of summer
01[15:16] {@Threei}  I have to say, this is the slowest August in wuite a while
[15:17] {dino} agree
01[15:18] {@Threei}  last attempt
01[15:18] {@Threei} Long Setup:  AAPL  .20 break
01[15:18] {@Threei}  If holds  .10
[15:19] {goinshort} gotta go -be back tomorrow - thanks
01[15:19] {@Threei}  if this one doesn't work, I eat my keyboard and send nemo a bottle of strichnine
01[15:19] {@Threei}  take care gs
[15:19] {dino} cya gs
[15:29] {mib_stillstanding} keyboard high in fiber
01[15:29] {@Threei}  what about protein?
[15:30] {mib_stillstanding} depends on what keyboard made of
01[15:30] {@Threei}  mine's bacon
01[15:30] {@Threei}  by design
01[15:30] {@Threei}  since I know I'll have to eat it now and then
01[15:31] {@Threei}  I guess no Santa this year:
01[15:31] {@Threei}  Russian far east farming reindeer to replace US meat
[15:33] {troub} they are going to eat Rudolph?
01[15:33] {@Threei}  sounds like that
01[15:37] {@Threei}  dino, you haven't found anything to tarde today?
[15:38] {dino} couple trades in a.m., that was it
01[15:38] {@Threei}  will switch to DKTK tomorrow if we get the same stalled market
[15:39] {dino} dktk?
01[15:39] {@Threei}  don't kid the kidder
[15:39] {dino} ahh
01[15:39] {@Threei}  fade standard setups or buy the rinse
[15:39] {dino} hard to stay awake last two weeks
01[15:41] {@Threei}  this does it
01[15:41] {@Threei}  bye bye keyboard
01[15:41] {@Threei}  ok guys, still hate today, let's have a nice evening and better day tomorrow
[15:41] {dino} enjoy it, perhaps w/russian salt
01[15:42] {@Threei}  certainly
01[15:42] {@Threei}  although I prefer hymalaiian
[15:44] {dino} calling it a day, gn
[15:46] {mib_stillstanding} bye

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: The Guns of August

- It may be August but markets refuse to settle into a sleepy late summer trading pattern as even more geopolitical shocks and economic slowdown in Europe and Asia keep things very interesting. US stock averages were on track for their best gains in several weeks until heightened tensions in eastern Ukraine knocked them over on Friday and sent the 10-year UST yield to one-year lows around 2.322% and the German 10-year Bund below the 1% mark for the first time ever. In Brazil, the death of an opposition presidential candidate threw the campaign into turmoil, while there was finally some good news out of Iraq. Terrible European GDP data and worrying numbers in Asia left serious questions about the sustainability of the global economic recovery. Stocks continued to climb the wall of worry, and for the week the DJIA rose 0.7%, the S&P500 gained 1.2%, and the Nasdaq added 2.2%.

- The situation in Ukraine kept markets off balance this week, as stories of escalation and de-escalation alternated in quick succession. Kiev was tightening the noose around separatist strongholds Donetsk and Lugansk as the Russian authorities dispatched a humanitarian aid convoy of 280 trucks to help civilians in eastern Ukraine, although Kiev and the Western powers reacted to the move as a thinly-veiled provocation. In a speech on Thursday, Russian President Putin said his government would do "all it can" to stop the conflict in Ukraine and asserted that Russia should not isolate itself from the outside world, inspiring a sense that finally de-escalation was at hand. But within 24-hours of Putin's dovish speech, an incursion into Ukrainian territory by a column of purported Russian armored vehicles and a Ukraine army attack on the column briefly prompted fears that the crisis was headed for a more serious confrontation.

- Data out this week stoked fears of economic slowdown in Asia and Europe. In China, the July new yuan loans measure plunged by two-thirds m/m to the lowest level since January 2010, reviving talk about a Chinese economic hard landing. German GDP shrank 0.2% sequentially, putting the annualized figure at +0.8%, while French and Eurozone q/q GDP was flat. Japan initial second quarter GDP saw the economy contract by the biggest margin since the massive earthquake three years ago, although the drop was not as bad as expected. The numbers were widely expected, given the increase in sales tax, however the 5% contraction in private consumption was much bigger than the -3.7% expected. The one bright spot was the UK, where a modest expansion continued, with preliminary GDP +0.8% q/q and +3.2% y/y.

- The JOLTS report out this week showed that job openings surged to their highest level in over a decade in June. The data suggests there are about two unemployed job seekers for each available job in the economy. Fed Chair Yellen has referred to the JOLTS report as one of her key metrics for gauging labor demand in the US economy, and investors will be closely watching her remarks for any hawkish tones at her Jackson Hole speech next Friday which will focus on the labor market.

- The outbreak of the Ebola virus in West Africa continues to escalate, with about 2,000 confirmed cases reported from Guinea, Liberia, Nigeria, and Sierra Leone, and the mortality rate running over 50%. The WHO has warned that there is evidence that the number of reported cases and deaths vastly underestimate the magnitude of the outbreak.

- After massive pressure from a wide spectrum of domestic political players plus the US and Iran, Iraq PM Maliki stepped down this week after Iraqi President Masoum designated a new candidate to form a government. There had been fears Maliki would try to foment a coup and hold on to power, however the armed forces gave him no support, undercutting his position. Late in the week, leaders of the Sunni and Kurdish factions threw tentative support behind the new PM, Al-Abadi, raising hopes for a more inclusive and cohesive government. In the north, US airstrikes seemed to lift the siege of the Yazidi minority trapped on Mount Sinjar, but ISIS remains as strong as ever.

- Kinder Morgan announced plans this week to eliminate its master limited partnership structure and consolidate the four Kinder firms - Kinder Morgan Energy Partners, El Paso Pipeline Partners and Kinder Morgan Management - into one company. All four names rocketed higher after Kinder Morgan announced the $70 billion megadeal, which caught observers by surprise considering that Kinder was the first major energy firm to pioneer the MLP approach. The new Kinder Morgan entity will pay out a very generous dividend of $2/share in 2015, up 16% from this year.

- The July US advance retail sales numbers were flat, for the worst reading in the series in six months. The ex-autos figure was little better, at +0.1%. Analysts suggested that the weak July data is merely making up for unexpectedly strong numbers in May and June. Retail majors Macy's and Walmart released very soft second-quarter results and trimmed forward guidance. JCPenny, Nordstrom, and Kohl's reported decent quarterly numbers, with JCP and JWN both disclosing positive comps and higher guidance.

- Retail analyst firm ChannelAdvisor released estimated July SSS figures for Amazon and eBay. It said that Amazon July SSS were +40.4% versus June SSS of +34.4%, and estimated eBay July SSS +9.7% versus June SSS +12.3%. Shares of Amazon gained after the report while shares of eBay lost ground this week.

- In other earning news, Cisco reported flattish fourth-quarter performance and first-quarter guidance, which was received by markets without much enthusiasm. The company also launched another round of sizable job cuts, reducing the workforce to refocus on its strongest business segments. Deere mowed down its FY14 forecasts, and saw both earnings and revenue decline on a y/y basis. SeaWorld shares sank after a terrible quarter as gate receipts plummets, and the company responded to recent bad press by announcing it would improve the habitat areas for its signature orcas.

- The weak European GDP numbers and the continuing geopolitical tensions aided dollar strength. EUR/USD retested the nine-month lows seen last week, briefly dropping below 1.3340. Euro sell stops are said to be clustered below 1.3330. The BoE Quarterly Inflation Report was nowhere near as hawkish as expected, as it merely amended its spare capacity view to 1.00-1.25% from 1.00-1.50% prior and trimmed the wage growth forecast for 2014 and 2015. The BoE said there were no numerical thresholds for wage growth to trigger a rate hike. This contrasts sharply with Governor Carney's earlier more hawkish tone. GBP/USD tested four-month lows in the aftermath of the report, around 1.660, and racked up its sixth straight week of losses.

TradeTheNews

Aug 15 2014

1:4, on a slow August Friday? I'll take it 

Chart's courtesy of the brokerage

Session Time: Fri Aug 15 00:00:00 2014
[09:14] {dino} gm
01[09:14] {@Threei}  dino :)
[09:14] {RonS} ford
[09:14] {RonS} :)
01[09:16] {@Threei}  ron :)
01[09:16] {@Threei}  and nemo is not here to see that... ugh
[09:18] {RonS} arcb drub
[09:21] {RonS} hmmm, fat finger? see no news arcb
[09:21] {troub} good morning
01[09:21] {@Threei}  troub :)
01[09:22] {@Threei}  not since aug 1 ron
01[09:27] {@Threei}  Spot gold moves below $1,300/oz, off 1% in session - Largest decline in two weeks
01[09:29] {@Threei}  it's more than 1% by now
01[09:31] {@Threei} Long Setup:  FB  .55 break
01[09:32] {@Threei}  If holds  .45
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei} Long Setup:  FB  .50 break
01[09:34] {@Threei}  If holds  .40
[09:35] {nemo} wow can't short the vxx this morning
01[09:36] {@Threei}  1:1
01[09:46] {@Threei} Long Setup:  FCX  .95 break
01[09:46] {@Threei}  If holds  .85
[09:46] {dino} go xiv then
[09:47] {nemo} expect VXX to be a long into the weekend
01[09:48] {@Threei}  disregard FCX
01[09:48] {@Threei}  way too slow
01[09:49] {@Threei} Long Setup:  TWTR  .30 break
01[09:49] {@Threei}  If holds  .20
01[09:55] {@Threei}  US) AUG PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 79.2 V 82.5E
01[09:56] {@Threei}  Invalidated
01[09:57] {@Threei} Long Setup:  IWM  .25 break
01[09:57] {@Threei}  If holds  .15
[09:57] {nemo} twtr
[09:58] {nemo} was gonna' say .15 break
[09:59] {dino} azpn sm l .30
01[10:04] {@Threei}  1:1
[10:05] {nemo} X weak today
01[10:07] {@Threei}  noce bounce TWTR
01[10:07] {@Threei}  nice too
01[10:08] {@Threei} Short Setup: X  .35 break
01[10:08] {@Threei}  If holds  .45
01[10:16] {@Threei}  no go
01[10:22] {@Threei} Short Setup: FB  .25 break
01[10:22] {@Threei}  If holds  .35
01[10:27] {@Threei}  1:1
[10:30] {nemo} snail in molasses day
[10:30] {nemo} spy might creep to 197 gap
01[10:37] {@Threei}  1:2
01[10:41] {@Threei}  1:3
01[10:42] {@Threei}  1:4
01[10:42] {@Threei}  over and out
[10:43] {RonS} Ukraine Forces Attack Armed Convoy From Russia: Lysenko
01[10:44] {@Threei}  Putin got his provocation going
01[10:46] {@Threei}  BBC finds Russian aid trucks 'almost empty'
[10:52] {dino} vxx sm l .11
01[10:56] {@Threei}  nice one eh
[10:57] {dino} out vxx .71, +.60
01[10:57] {@Threei}  qtg
01[10:58] {@Threei}  q=w
[10:58] {dino} ty
01[11:03] {@Threei}  man, just how easier any bearish move is to trade, vs this relentless creep-up
[11:04] {nemo} what was interesting was the algo was strongly green but was getting little price improvement which meant strength was not yielding results
[11:11] {dino} xiv sm l .60
[11:22] {dino} xiv stop .35-.25
[12:03] {dino} vix sm l .05
01[12:08] {@Threei} Long Setup:  IWM  .60 break
01[12:08] {@Threei}  If holds  .50
01[12:14] {@Threei}  no go
[12:19] {dino} out xiv .45, +.40
01[12:33] {@Threei}  nice
01[12:33] {@Threei}  IWM rinse
[12:33] {RonS} nice spelling?
[12:35] {dino} dvm lyigfxmc
[12:37] {RonS} :)
[12:45] {dino} ]07 green
[12:54] {dino} bkw spike
[12:55] {dino} tbt sm l .51
[13:00] {dino} stop is .23
[13:10] {nemo} given the price action today and the fact that the monthly pivot in SPY is 195.04 on OP EX Friday it's likely to end around 195.  Any moves away from 195 are possible fades back towards the number
01[13:45] {@Threei}  feels like up?
01[13:46] {@Threei} Long Setup:  IWM  .75 break
01[13:47] {@Threei}  If holds  .65
[14:12] {RonS} must have hired from the US: Statistics Canada gets a 'black eye' for huge job report error: http://bloom.bg/1pQZ11D
01[14:26] {@Threei}  yeah, made all the nes here
[14:27] {nemo} guess spy wants the 50 day around .60ish
[14:33] {nemo} VXX
01[14:48] {@Threei}  one more spike, and will get interested in VXX
01[15:02] {@Threei} Long Setup:  VXX  .20 break
01[15:02] {@Threei}  If holds  .10
01[15:03] {@Threei}  1:1
[15:04] {nemo} should go to .40
[15:06] {nemo} wow
[15:06] {nemo} guess nobody's afraid going into the weekend
01[15:06] {@Threei}  almost an hour still
[15:07] {dino} no russian response to the attack?
01[15:07] {@Threei}  not in the news at least
[15:08] {dino} mplx drop
01[15:08] {@Threei}  but anyone doubts there will be lives on the clouds
[15:12] {nemo} .20 break or H&S
01[15:14] {@Threei}  Russia's Defence Ministry on Friday denied that Ukrainian forces had destroyed a Russian military column overnight on its territory, saying no such military force had crossed the border into eastern Ukraine
01[15:14] {@Threei}  lol
01[15:15] {@Threei}  Some reports suggest that there may be open fighting between Ukrainian military forces and the Russian incursion, but it's far from clear whether that's true or what precisely is happening on the ground.
01[15:20] {@Threei}  time for panic soon
01[15:20] {@Threei}  (hopefully)
[15:20] {nemo} VXX
01[15:20] {@Threei}  that 1:4 on FB eas so sweet, reminded me how dearly I miss bear market
01[15:25] {@Threei}  Russia defense ministry's Shoigu told US Defense Sec Hagel that Russia was concerned about NATO and US military activity near the Russia border
01[15:25] {@Threei}  yeah, they want to invade
[15:31] {nemo} sayonara till monday
[15:31] {RonS} cya nemo
[15:31] {dino} cya
01[15:31] {@Threei}  still doesn't look like market is afraid
[15:38] {dino} adding some vxx calls for over weekend
01[15:38] {@Threei} Long Setup:  VXX  29 break
01[15:38] {@Threei}  If holds  .90
01[15:38] {@Threei}  gutsy move dino
[15:42] {dino} bought time
01[15:48] {@Threei}  (UR) Reportedly another column of Russian armor has been seen heading toward the Ukrainian border
01[15:49] {@Threei}  I think market will believe the invasion when russian troops go through the whole Ukraine and reach Poland border, lol
01[15:49] {@Threei}  no go
01[15:49] {@Threei}  OK guys, quiet but decent weeks
01[15:50] {@Threei}  have a good weekend, see you Monday
[15:52] {dino} gn all

Aug 14 2014

Early trade, nice and easy 1:3

Chart's courtesy of the brokerage

Quiet August day, squeezed enough profit to make it worth our while. 

Session Time: Thu Aug 14 00:00:00 2014
[09:13] {dino} gm 3i
01[09:13] {@Threei}  morning dino
[09:15] {troub} good morning
01[09:15] {@Threei}  troub :)
01[09:22] {@Threei}  unconvicing gap...
01[09:26] {@Threei}  dptl says hello, should be back soon
[09:27] {RonS} gm
01[09:28] {@Threei}  ron :)
01[09:29] {@Threei}  Upside: -PLUG +11% (earnings) -AAP +5% (earnings) -PRGO +4.2% (earnings) -KSS +2.5% (earnings)
01[09:30] {@Threei}  Downside: -RRGB -24% (earnings) -NDLS -21% (earnings) -CNAT -13% (earnings/NASH study update) -XONE -11% (earnings) -TKMR -9% (earnings) -VJET -6.5% (earnings) -DANG -6% (earnings) -VIPS -5.3% (earnings)
[09:30] {ese} gm
01[09:30] {@Threei}  ese :)
[09:30] {ese} gm
01[09:30] {@Threei}  ese :)
[09:30] {ese} lol
01[09:30] {@Threei}  :)
01[09:31] {@Threei} Long Setup:  FB  74 break
01[09:31] {@Threei}  If holds  .90
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  1:3
01[09:32] {@Threei}  out
01[09:35] {@Threei} Long Setup:  P  .60 break hl
01[09:35] {@Threei}  If holds  .50
01[09:37] {@Threei}  meh
[09:38] {nemo} VXX
[09:38] {nemo} nah, didn't hold .40
01[09:41] {@Threei} Short Setup: FCX  .40 break
01[09:41] {@Threei}  If holds  .50
[09:41] {nemo} huh?
01[09:42] {@Threei}  wrong chart
01[09:42] {@Threei}  disregard
01[09:43] {@Threei} Long Setup:  WMT  74 break
01[09:44] {@Threei}  If holds  .90
01[09:51] {@Threei}  Invalidated
[09:52] {dino} azpn odd
[09:53] {RonS} ya, may be guidance but can't find anything on it
01[09:53] {@Threei}  [AZPN] Guides FY15 Non-GAAP $1.18-1.24 v $1.08e, reaffirms R$430-440M v $436Me - conf call
[09:54] {RonS} thanks 3i
01[09:54] {@Threei}  :)
01[09:54] {@Threei}  SUNE Hearing takeover chatter circulating
01[10:01] {@Threei} Long Setup:  VXX  .30 break
01[10:01] {@Threei}  If holds  .20
[10:05] {dino} azpn sm l .99, giving it a bit of room, gappy trader
01[10:06] {@Threei}  half out
01[10:06] {@Threei}  1:1
01[10:23] {@Threei} Long Setup:  FB  .95 break
01[10:23] {@Threei}  If holds  .85
01[10:27] {@Threei}  Invalidated
01[10:30] {@Threei} Long Setup:  IWM  .55 break
01[10:30] {@Threei}  If holds  .45
[10:33] {dino} azpn stop
[10:34] {nemo} IWM's top is the 200 SMA
[10:34] {nemo} spy 50 sma is 195.67ish
01[10:37] {@Threei}  stop .49
[10:39] {RonS} Orlando Bloom Tried to Punch Justin Beiber in the Face
[10:39] {nemo} wish he had succeeded
[10:40] {RonS} People who eat the least salt may be hurting their hearts, study finds: http://bloom.bg/1lVBt7W
[10:40] {nemo} everything is bad or good at one point or another
01[10:41] {@Threei}  speaking of... I no longer believe West has much chance against Putin. Think of it, USA and Canada combined couldn't do much to reign in Bieber!
[10:46] {dino} lol
01[11:04] {@Threei}  let's see if we get the same pattern today as yesterday - FB, if breaks .10 and fails, will be a buy on a rinse
[11:04] {nemo} DKTK
01[11:05] {@Threei}  yup
01[11:09] {@Threei}  nope, works straight up
01[11:38] {@Threei} Long Setup:  IWM  .45 break
01[11:38] {@Threei}  If holds  .38
01[11:58] {@Threei}  half out
01[11:58] {@Threei}  stop .44
01[11:58] {@Threei}  1:1
01[12:11] {@Threei}  - NYSE volume 175M shares, about 22% below its three-month average; - NASDAQ volume 665M shares, about 9% below its three-month average
01[12:12] {@Threei}  if you guys were afraid we were left with no stern or sails, fear not: (US) President Obama plans to issue a statement at 12:15ET
[12:12] {nemo} yeah, and that 3 month average is low...spy over last 65 days averaged 86.4 million
01[12:12] {@Threei}  yes
[12:13] {nemo} which is lower than in each preceding quarter
[12:13] {nemo} remember when 100 million was a slow day
[12:15] {dino} makes for harder trading
01[12:16] {@Threei}  well, one of these augusts it was bound to happen :)
[12:37] {RonS} kids and their toys:  North Korea fires missiles an hour before Pope's arrival on the peninsula
01[12:37] {@Threei}  they are atheists I guess
[12:40] {dino} more like assholes
01[12:41] {@Threei}  can't they be both?
[13:13] {nemo} here's the 50 sma run
01[13:17] {@Threei}  (IQ) President Obama: Targeted operations continue in northern Iraq, ISIS siege of Yazidi refugees has been broken - limited airstrikes will continue with expressed intent to protect american advisors in Iraq; modestly hopeful the Govt situation in Iraq is improving
01[13:23] {@Threei}  http://www.cbsnews.com/news/why-one-girl-scout-is-selling-cookies-outside-a-pot-clinic/
[13:30] {nemo} IWM and SPY get to their 200 and 50 respectively and retrace
01[13:37] {@Threei} Long Setup:  IWM  .50 break
01[13:37] {@Threei}  If holds  .44
01[13:40] {@Threei}  Invalidated
[13:43] {nemo} vxx showing short indexes likely long
[13:43] {nemo} wow
[13:43] {nemo} this low volume environment a jerk around
[13:44] {nemo} VXX broke the short setup and then BAM! went the other way
[13:54] {nemo} http://www.nytimes.com/2014/08/14/fashion/the-rise-of-3-d-printed-guns.html
[14:12] {RonS} Man identifying himself as an 82nd Airborne veteran, observing the MO police, commented “We rolled lighter than that in an actual warzone”
[14:12] {nemo} yeah, the militarization of police forces here is pretty intense
[14:13] {nemo} Democracy leads to tyranny...thank God foro alcohol
01[14:15] {@Threei}  what doesn't lead to tyranny
[14:15] {nemo} alcohol
01[14:16] {@Threei}  dunno...
01[14:16] {@Threei}  Russia is world's class authority in alcohol consumption, and look how it helped avoid tyranny
[14:17] {nemo} helped kill the pain though
01[14:18] {@Threei}  also, you know the warning on the lable
01[14:18] {@Threei}  consuming alcohol before pregnancy can cause pregnancy
01[14:18] {@Threei} Long Setup:  VXX  .20 break
01[14:18] {@Threei}  If holds  .10
[14:21] {nemo} https://www.youtube.com/watch?v=8jRTrRxamxQ
[14:29] {nemo} VXX looks short here
01[14:37] {@Threei}  Robin Williams was suffering from early stages of Parkinson's Disease, his wife says in statement
01[14:37] {@Threei}  sure added to his decision...
[14:38] {nemo} yeah, plus when you're depressed there's no light bright enough to pierce the darkness
01[14:44] {@Threei}  stop is .12
01[14:53] {@Threei}  1:1
[15:43] {dino} calling it a day
01[15:44] {@Threei}  quiet ending
01[15:45] {@Threei}  thank you all, have a good evening
01[15:45] {@Threei}  see you tomorrow

Aug 13 2104

Slow low volume day; very slow and very low volume, with no pattern or follow through. Finishing negative.



Session Time: Wed Aug 13 00:00:00 2014
[09:09] {troub} good morning
01[09:10] {@Threei}  troub :)
01[09:18] {@Threei}  Upside:
01[09:18] {@Threei}  -LIVE +24% (earnings)
01[09:18] {@Threei}  -CSIQ +8.7% (earnings)
01[09:18] {@Threei}  -FCEL +4.4% (positive broker commentary)
01[09:18] {@Threei}  -JKS +3.6% (deal to develop 500MV PV project with Lishui City)
01[09:18] {@Threei}  -AMZN +2.5% (announced Amazon Local Register reader & app for smartphones/tablets card processing)
01[09:18] {@Threei}  Downside:
01[09:18] {@Threei}  -SEAS -25% (earnings, FY14 guidance cut)
01[09:18] {@Threei}  -KING -22% (earnings)
01[09:18] {@Threei}  -CREE -9.8% (earnings)
01[09:18] {@Threei}  -MYGN -9.8% (earnings)
01[09:18] {@Threei}  -ARWR -8.2% (earnings)
01[09:18] {@Threei}  -RIGL -8% (Phase 2 Dry Eye study did not meet endpoint)
01[09:18] {@Threei}  -M -5% (earnings)
01[09:18] {@Threei}  -JDSU -4.7% (earnings)
01[09:18] {@Threei}  -EBAY -2% (channeladvisor data/paypal comp)
01[09:20] {@Threei}  Japan angry at Russian army drills on disputed islands
01[09:20] {@Threei}  Russia: so?
[09:31] {ese} i'm here ...i'm here...let the bells ring lets banners fly.
[09:31] {RonS} gm
01[09:31] {@Threei}  ese :)
01[09:31] {@Threei}  ron :)
[09:31] {nemo} bring out the artillery
[09:32] {ese} that too
[09:32] {nemo} try not to hit Vad's house
[09:32] {ese} we took a couple of days away
[09:32] {nemo} Communist party meeting?
01[09:32] {@Threei} Short Setup: FB  .20 break
01[09:33] {@Threei}  If holds  .30
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei} Short Setup: EBAY  .80 break
[09:34] {ese} not exactly
01[09:34] {@Threei}  If holds  .90
[09:34] {nemo} late
01[09:34] {@Threei}  1:1
01[09:36] {@Threei} Short Setup: YHOO  .90 break
01[09:36] {@Threei}  If holds  .95
[09:36] {ese} csiq
01[09:37] {@Threei}  meh
01[09:39] {@Threei} Long Setup:  TWTR  .95 break
01[09:39] {@Threei}  change to .90
01[09:39] {@Threei}  If holds  .85
01[09:49] {@Threei} Long Setup:  TWTR  .05 break
01[09:49] {@Threei}  If holds  .95
01[09:50] {@Threei}  Invalidated
01[09:55] {@Threei} Short Setup: FCX  .40 break
01[09:55] {@Threei}  If holds  .50
01[09:59] {@Threei}  (UR) Reportedly Russia refused offer to let Red Cross deliver Russian aid inside of Ukraine
01[09:59] {@Threei}  *(US) JUN BUSINESS INVENTORIES: 0.4% V 0.4%E
[10:10] {ese} L mygn .81
[10:11] {nemo} one could argue appl short below .40
[10:11] {ese} out mygn .11
[10:12] {ese} wow...did that ever bounce up there
[10:12] {ese} +.30
01[10:12] {@Threei} Short Setup: FB  .60 break
01[10:12] {@Threei}  If holds  .70
[10:12] {dino} gj
[10:13] {ese} ya ya ya....    .105447 so not quite .11
01[10:14] {@Threei}  that changes things
01[10:18] {@Threei}  not getting it right
[10:20] {nemo} you have a .25% range in the spy yeah, get right with that
[10:31] {nemo} oxy drop of .50 could be a short
01[10:37] {@Threei}  NYSE volume 105M shares, about 24% below its three-month average; - NASDAQ volume 345M shares, about 15% below its three-month average
[10:37] {nemo} Europe is on vacation
01[10:37] {@Threei}  this kind of volume is usually when my read sucks
[10:37] {nemo} Had a bunch of Swedes in the gun shop last night
[10:37] {nemo} They'd never seen one before
01[10:37] {@Threei}  [NUS] Ticks higher on circulation of Asian press report noting NUS looking to expand in other Southeast Asian markets including Myanmar
[10:38] {nemo} SPY and FINNIES walking the VWAP, IWM slightly above
01[10:45] {@Threei} Long Setup:  TWTR  44 break
01[10:45] {@Threei}  If holds  .90
01[10:45] {@Threei}  trying Costanza... normally I'd look for short around here
01[10:49] {@Threei}  great... it pulled costanza on costanza
01[10:56] {@Threei} Short Setup: FB  .75 break
01[10:57] {@Threei}  If holds  .85
01[11:02] {@Threei}  change to .80 break
01[11:02] {@Threei}  If holds  .90
01[11:06] {@Threei}  die FB
01[11:06] {@Threei}  if you can't go up with SPY rally, what else can you do but die
[11:09] {nemo} grind up into op ex
01[11:09] {@Threei}  stop .86
01[11:09] {@Threei}  1 cent to 1:1
[11:13] {ese} Wheres Les.....just got another booking ;for  my in Denmark.............I want him to find me a show in Switzerland.
01[11:14] {@Threei}  well, if you weren't so asocial, you'd find him on facebook
[11:15] {ese} hmmmm except that i'm not on facebook...are you in contact with him on facebook vad......can you hook the two of us up with an email
01[11:15] {@Threei}  I'll ask
[11:15] {ese} aprreciate that
[11:51] {dino} panw spike
[11:52] {dino} sm s .00
[11:55] {dino} cov panw .60, +.40
[12:03] {ese} gotta go....hearing test appointment in 30....cya tomorrow
[12:03] {nemo} thanks for the warning
[12:05] {nemo} VXX
[12:13] {nemo} IWM bounce time
[12:14] {nemo} stop below Vwap
[12:17] {nemo} SHOULD TEST .32ish.  IF it can't get through, might drop further
[12:19] {nemo} http://goo.gl/wr0Kwb
[12:19] {nemo} spy and finnies can't break bearish levels yet
[12:24] {nemo} http://goo.gl/e3ma4A
[12:26] {nemo} friend of mine was an emergency room doctor.  Same thing kinda' happened. He got fired.  Asked the guy that came in, "Do you want me to change the battery or remove it?"
[12:27] {nemo} that's first target stop to breakeven
[12:27] {nemo} I'm playing TNA
01[12:31] {@Threei} Long Setup:  IWM  .30 break
[12:32] {nemo} so, should I get out of the trade?
01[12:32] {@Threei}  can't tell really
[12:32] {nemo} I got in TNA @.46
01[12:32] {@Threei}  there is setup, looks right
01[12:32] {@Threei}  you have enough room
[12:32] {nemo} we agree?  shit...world ending
[12:33] {nemo} this .32 level key
[12:38] {nemo} iffy, keeping stop below vwap
[12:39] {nemo} having said that, this double top under .32 with spy weakness and vxx strength is a short setup for me
[12:45] {nemo} I hate trades like this
01[12:48] {@Threei}  who doesn't
[12:49] {nemo} I thought you liked wiping with sand paper?
[12:50] {nemo} o.k. changing stop to just under entry around .44 TNA
[12:54] {nemo} believe this shit
[12:54] {nemo} HFTs must be running an anti-nemo program
[12:56] {nemo} sso looks short here
[12:56] {nemo} spy
[12:56] {nemo} looking for setup
[12:59] {dino} itmn spike
[13:00] {dino} halt
01[13:01] {@Threei}  [ITMN] Said to have attracted takeover offers - financial press - Reportedly companies interested include Roche, Sanofi, Glaxo, and Actelion
[13:07] {nemo} Sshort sso .39 stop above .46
[13:09] {nemo} you could make an argument for long above .46 too
[13:16] {nemo} would you pass me the barbed wire floss and the rubbing alcohol mouthwash
[13:19] {nemo} there's ur 1:1
[13:19] {nemo} stop breakeven
[13:21] {nemo} next target is VWAP
[13:24] {nemo} sayonara
01[14:12] {@Threei}  no news
[14:28] {goinshort} afternoon all!
[14:29] {RonS} hi gs
01[14:32] {@Threei}  hey gs
[14:35] {goinshort} how about WAG short breaks 50?
01[14:37] {@Threei}  chart's right
01[14:39] {@Threei}  whether market cooperastes is a big question today
01[14:39] {@Threei}  it just doesn't
01[14:48] {@Threei}  today is easily contender for the slowest day of the year
01[14:48] {@Threei}  and likely winner
[14:56] {nemo} it's a picture of Les's brain
[14:57] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[14:57] {nemo} and that's an apt description of it too
[14:57] {dino} seems the dji has been stuck at +85 for hours
[14:57] {nemo} OP EX pins
[15:00] {nemo} P might be short here
[15:12] {nemo} SPY there were a ton of Puts between 194 and 195, no way Wall Street lets them make money
01[15:19] {@Threei} Long Setup:  IWM  .40 break
01[15:19] {@Threei}  If holds  .30
01[15:45] {@Threei}  no time for it to work
[15:46] {goinshort} sooo slow - like watching golf
01[15:47] {@Threei}  try watching checkers
01[15:47] {@Threei}  now that's excitment
[15:47] {goinshort} about the same
[15:47] {goinshort} ok cya tomorrow
01[15:47] {@Threei}  thank you all guys, have a good evening
01[15:47] {@Threei}  see you tomorrow
[15:49] {dino} atk spike

Aug 12 2014

Very inactive day, with listless action. Wrestled out positive balance, that's all

Session Time: Tue Aug 12 00:00:00 2014
[08:54] {nemo} Nanu Nanu
01[08:56] {@Threei}  what's that?
[08:59] {nemo} That was Robin Williams catch saying from his character on Mork and Mindy
01[08:59] {@Threei}  I wasn't his fan really
[09:00] {nemo} You may be the only person on earth that wasn't
01[09:02] {@Threei}  no way
[09:02] {nemo} yeah way
[09:10] {dino} gm
01[09:11] {@Threei}  dino :)
[09:12] {nemo} Dino, Vad didn't like Robin Williams
[09:14] {dino} what!!!! he was the greatest
[09:15] {troub} good morning
01[09:15] {@Threei}  troub :)
[09:17] {RonS} hi guys
01[09:18] {@Threei}  ron :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -ICPT +47% (earnings, clinical trial updates, positive broker mentions & price target raises)
01[09:25] {@Threei}  -INSY +15% (earnings)
01[09:25] {@Threei}  -CNAT +9.5% (possible momentum from ICPT, earnings report tomorrow)
01[09:25] {@Threei}  -TRAK +9.4% (earnings)
01[09:25] {@Threei}  -EXAS +7.3% (drug approval)
01[09:25] {@Threei}  -KATE +7.3% (earnings)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -NIHD -56% (earnings)
01[09:25] {@Threei}  -DNDN -20% (earnings)
01[09:25] {@Threei}  -CALL -10% (earnings)
01[09:25] {@Threei}  -NUAN -8% (earnings)
01[09:25] {@Threei}  -TKMR -8% (Ebola news)
01[09:25] {@Threei}  -FLO -7.6% (earnings)
01[09:25] {@Threei}  -HCLP -4.9% (announces secondary pricing)
01[09:25] {@Threei}  -OCN -5% (restating results)
01[09:25] {@Threei}  -TCAP -4% (secondary)
[09:33] {RonS} lol...FU begins trading as FABU today
01[09:33] {@Threei}  finally
01[09:33] {@Threei}  always said they needed to change symbol
01[09:33] {@Threei} Long Setup:  FB  .25 break
01[09:34] {@Threei}  If holds  .15
01[09:35] {@Threei}  valid still
01[09:38] {@Threei}  Invalidated
01[09:44] {@Threei} Long Setup:  TWTR  .50 break
01[09:44] {@Threei}  If holds  .40
01[09:44] {@Threei}  Invalidated
01[09:46] {@Threei} Long Setup:  FB  73 br'eak
01[09:47] {@Threei}  If holds  .90
01[09:50] {@Threei}  no go
01[10:03] {@Threei}  TWTR... watching for aggressive entry on pullback, for .70 break
01[10:03] {@Threei} Long Setup:  TWTR  .60 break
01[10:03] {@Threei}  If holds  .50
01[10:04] {@Threei}  SPY helps
01[10:04] {@Threei}  1:1
01[10:06] {@Threei}  that's all?
01[10:10] {@Threei} Long Setup:  VXX  .60 break
01[10:10] {@Threei}  If holds  .60
01[10:10] {@Threei}  If holds  .50
01[10:11] {@Threei}  1:1
01[10:17] {@Threei}  quite chaotic SPY chart so far
01[10:17] {@Threei}  no pattern
[10:17] {nemo} OP EX weeks, huge number of puts at 194
01[10:18] {@Threei}  rorschach spots
01[10:19] {@Threei} Long Setup:  VXX  .45 break
01[10:19] {@Threei}  If holds  .35
01[10:20] {@Threei}  Invalidated
01[10:24] {@Threei} Long Setup:  FB  .70 break
01[10:24] {@Threei}  If holds  .60
01[10:28] {@Threei}  ok FB, we need 1:3
01[10:30] {@Threei}  grrr
[10:30] {nemo} it's trading with twtr
01[10:34] {@Threei} Short Setup: MGM  .60 break
01[10:35] {@Threei}  If holds  .70
01[10:46] {@Threei}  SPY, will you ever decide which way you want to go?
01[10:46] {@Threei}  (and let it be down)
01[10:53] {@Threei} Long Setup:  VXX  .50 brak
01[10:53] {@Threei}  break too
01[10:53] {@Threei}  If holds  .40
01[10:54] {@Threei}  starts feeling like market wants to break down and crash
01[10:55] {@Threei}  Invalidated
01[10:55] {@Threei}  for now
01[11:01] {@Threei}  got away
01[11:01] {@Threei}  right read, no entry
01[11:01] {@Threei}  anyone's even breathing?
[11:01] {RonS} volatility is volatile?  shocking...
01[11:02] {@Threei}  well... the way it's been last year or so with VXX, it is :)
01[11:02] {@Threei}  half out MGM
[11:03] {dino} kate drop
[11:03] {dino} sm l .90
01[11:06] {@Threei}  stop .61 MGM
[11:10] {RonS} lol...KATE Spade turned into David pretty quick. Wow. http://stks.co/j0w08
01[11:15] {@Threei}  wow... first drops of rain in 2 months
[11:18] {RonS} unbelievable...
01[11:18] {@Threei} Long Setup:  WMT  .25 break
01[11:18] {@Threei}  If holds  .15
01[11:19] {@Threei}  July-August is pretty much no-rain season here
[11:24] {RonS} kate must be selling plus sizes soon... so heavy...
[11:25] {dino} odd, blew away #s
[11:32] {dino} kate re-try sm l .76
01[11:33] {@Threei}  WMT stop to .19
[11:36] {dino} stoppped again, wtf
01[11:38] {@Threei}  meh
[11:39] {dino} adding kate calls
[11:43] {dino} rinsed
01[11:44] {@Threei}  should be ready here...
01[11:44] {@Threei}  .50 break
01[11:44] {@Threei}  wow, still not
01[11:49] {@Threei}  how on earth do you lose a whole tank?
01[11:50] {@Threei}  Checks carried out at the Kyiv Armor Repair Plant by military prosecutors for the Ukrainian central region revealed that one T-72 tank, owned by the Defense Ministry, was missing
[11:55] {dino} kate sm l .51
[11:57] {RonS} lose a tank?...the US has lost its whole southern border...
01[11:57] {@Threei}  really
01[11:58] {@Threei}  well, coutry of different scales...
01[11:58] {@Threei}  countries
[11:59] {RonS} http://tinyurl.com/mbz8toq
01[12:01] {@Threei}  guy doesn't understand who real enemy is. He should have dressed up as Romney, they'd catch him in no time
[12:01] {RonS} rotflol...or Bush
[12:05] {RonS} wow, dino, look call option volume KATE  10k $35 calls expiry fri
[12:06] {dino} see that
[12:07] {dino} went oct 33 here
01[12:32] {@Threei} Long Setup:  IWM  .75 break
01[12:32] {@Threei}  If holds  .65
01[12:35] {@Threei}  half out
01[12:36] {@Threei}  1:1
01[12:42] {@Threei}  1:2
01[12:47] {@Threei}  couldn't make 1:3 but heck, with today's moves I am happy with 1:2 too
[12:50] {RonS} kate highest volume day ever now 25% of outstanding
[13:05] {nemo} VXX looks short
01[13:19] {@Threei}  who pulled the rug from under gold
01[13:56] {@Threei} Long Setup:  WMT  .20 break
01[13:56] {@Threei}  If holds  .15
01[14:05] {@Threei} Long Setup:  VXX  .75 break
01[14:05] {@Threei}  If holds  .65
01[14:09] {@Threei}  1:1
[14:19] {nemo} index bounces
01[14:21] {@Threei}  weak...
01[14:21] {@Threei}  not convinced
[14:25] {nemo} spy and fas trying iwm falling
[14:27] {nemo} spy couldn't get through that first bear level
[14:35] {goinshort} afternoon - did you have a good morning?
01[14:35] {@Threei}  hey gs
01[14:36] {@Threei}  boring day, just became better with couple good trades
01[14:52] {@Threei} Long Setup:  VXX  .90 break
01[14:53] {@Threei}  If holds  .80  of course
[14:56] {nemo} I love all the side affects they talk about in drug commercials
[14:57] {nemo} just saw a 31 15/16 VXX trade
01[14:57] {@Threei}  those drags start taking effect?
[14:58] {nemo} o.k. vxx long or iwm which wins out
01[14:58] {@Threei}  VXX
01[15:00] {@Threei}  half out
01[15:00] {@Threei}  stop .84
01[15:01] {@Threei}  1:1
01[15:01] {@Threei}  to .89
01[15:20] {@Threei} Long Setup:  VXX  .83 break
01[15:20] {@Threei}  If holds  .75
01[15:35] {@Threei}  quiet eod
[15:48] {goinshort} cya all!
01[15:49] {@Threei}  thank you all
01[15:50] {@Threei}  have a good evening, see you tomorrow

Aug 11 2014

One 1:3 (FB), one 1:4 (VXX), a few stops and scalps. Positive overall, and mostly boring

Session Time: Mon Aug 11 00:00:01 2014

[08:55] {dino} gm 3i

01[08:56] {@Threei}  morning dino

[09:17] {troub} good morning

01[09:17] {@Threei}  troub :)

[09:18] {RonS} howdy everyone

01[09:18] {@Threei}  ron :)

01[09:22] {@Threei}  once again market's happy on misunderstood empty promises of deescalation

[09:23] {dino} perception is reality

01[09:23] {@Threei}  absolutely

01[09:27] {@Threei}  just gotta be careful, military evelopment can come any moment and send market down in a hurry

01[09:31] {@Threei} Long Setup:  FB  .40 break

01[09:31] {@Threei}  If holds  .30 

01[09:32] {@Threei}  1:1  

01[09:32] {@Threei}  1:2  

01[09:33] {@Threei}  1:3  

01[09:33] {@Threei}  out .73

[09:33] {goinshort} wow nice one V!

01[09:33] {@Threei}  :)

01[09:36] {@Threei} Long Setup:  TWTR  .50 break

01[09:36] {@Threei}  If holds  .40 

01[09:37] {@Threei}  Invalidated  

01[09:40] {@Threei}  Upside:

01[09:40] {@Threei}  -PIP +60% (court awards company lump sum expectation damages from SIGA; could be up to $350M)

01[09:40] {@Threei}  -KMI +17% (announces agreement to purchase KMP, KMR & EPB for $70B)

01[09:40] {@Threei}  -DRL +25% (in negotiations with Puerto Rico govt. ahead of trial over tax refund)

01[09:40] {@Threei}  -KMP +24% (KMI deal)

01[09:40] {@Threei}  -KMR +30% (KMI deal)

01[09:40] {@Threei}  -EPB +27% (KMI deal)

01[09:40] {@Threei}  -MNKD +20% (licensing deal with SNY regarding Afrezza worth up to $925M)

01[09:40] {@Threei}  -TKMR +13% (continued Ebola momentum)

01[09:40] {@Threei}  -HGSH +23% (signs 2 porject agreements in Hanzhong City, worth up to $1.3B)

01[09:40] {@Threei}  Downside:

01[09:40] {@Threei}  -DF -8.5% (earnings)

01[09:40] {@Threei}  -GOGO -2.9% (earnings)

01[09:40] {@Threei}  -SIX -1.5% (no news seen)

01[09:41] {@Threei} Long Setup:  TWTR  .10 break

[09:41] {RonS} six...roller coaster riders got stuck...

01[09:41] {@Threei}  If holds  43 

01[09:42] {@Threei}  SPY

01[09:42] {@Threei}  Invalidated  

01[09:43] {@Threei}  wtf

01[09:43] {@Threei}  (UR) Russia Foreign Min Lavrov: Reached agreement with Ukraine and the Red Cross on a humanitarian mission to provide aid in eastern Ukraine, mission could begin shortly

01[09:43] {@Threei}  this doesn't sound right

01[09:50] {@Threei} Long Setup:  VXX  .50 break

01[09:50] {@Threei}  If holds  .40 

[09:50] {ese} gm.....took the week off...traveled as far as vancouver.....and painted the front of my house...and almost broke myright big toe

01[09:50] {@Threei}  hey ese

[09:50] {ese} vad

[09:51] {nemo} the resident Trotskyite

01[09:51] {@Threei}  Invalidated  

[09:52] {RonS} quit biting your big toenail and break potential goes away...

[09:52] {nemo} sndk is short but spready

[09:52] {ese} its a moniker I can handle

[09:52] {ese} lol

[09:52] {nemo} what ese?  Invalidated?

[09:52] {dino} lol ese, broke my right toe next to pinky toe july 1st. tough walking for two weeks

[09:52] {nemo} you guys got nothing on me

[09:53] {ese} ya we went into the doctor ...thank goodeness it wasn't broken...dropped a full can of paint on it.....shit did that hurt.....

01[09:53] {@Threei} Long Setup:  FB  .55 break

01[09:53] {@Threei}  If holds  .45 

[09:53] {nemo} when I was 18 did some serious damage to the big toe.  It was fine until about 6 or seven years ago...Oy frickin' Weh

[09:53] {ese} still hurts

[09:53] {dino} stubbed mine on bed post late night

01[09:54] {@Threei}  ah... toe os a device for locating the furniture in low light conditions

[09:54] {ese} lol

01[09:55] {@Threei}  FB two-sided

[09:55] {nemo} it's having trouble with vwap it looks either short or choppy

[09:58] {dino} added db calls

01[10:00] {@Threei}  FB looks crashy

01[10:00] {@Threei}  wouldn't even try to break with SPY rally

01[10:02] {@Threei}  die already, will ya

01[10:03] {@Threei} Long Setup:  VXX  32 break

01[10:03] {@Threei}  If holds  .90 

01[10:04] {@Threei}  Invalidated  

[10:07] {nemo} iwm likely going to the 200 day up around .70

01[10:08] {@Threei} Long Setup:  WMT  .45 break

01[10:09] {@Threei}  change to .40 break

01[10:09] {@Threei}  If holds  .35 

01[10:11] {@Threei} Long Setup:  VXX  .70 break

01[10:11] {@Threei}  If holds  .60 

01[10:11] {@Threei}  Invalidated  WMT 

[10:12] {nemo} wag

[10:12] {nemo} WAG

[10:13] {RonS} barrons effect...wag

01[10:13] {@Threei}  1:1  VXX 

01[10:21] {@Threei} Long Setup:  CAT  .80 break

01[10:21] {@Threei}  If holds  .70 

01[10:24] {@Threei}  nah

01[10:28] {@Threei} Short Setup: FB  .36 break

01[10:28] {@Threei}  .35

01[10:28] {@Threei}  If holds  .45 

01[10:30] {@Threei}  hesitant market

[10:31] {dino} data sm l .12

01[10:31] {@Threei}  Invalidated  

[10:32] {dino} lci sm l .98

01[10:33] {@Threei} Long Setup:  SWI  .80 break

01[10:33] {@Threei}  If holds  .70 

[10:35] {RonS} mr market...can i get an appointment to trade swi?

01[10:35] {@Threei}  yeah, let's disregard it

01[10:36] {@Threei} Long Setup:  CMCSA  .03 break

01[10:36] {@Threei}  If holds  .95 

01[10:40] {@Threei}  Russian sanctions dim Greek hopes for exit from recession

01[10:40] {@Threei}  lol

01[10:41] {@Threei}  Greece is trying to exit whetever it's in, for like 5 years already

01[10:41] {@Threei}  if Russia was its last hope, I say it exits recession in 2114

[10:42] {RonS} lol

01[10:43] {@Threei}  to put it in diplomatic terms, no one living today will last long enough to see Greece exiting recession

[10:45] {RonS} Greek recession since Roman conquest?

[10:45] {flash} Best to all. Trade Green : )

01[10:45] {@Threei}  gone in a flash

06[10:46] * @Threei looks around expectantly

06[10:46] * nemo deducts point for Mr. Obvious

[10:46] {RonS} lol

06[10:46] * @Threei tips his hat

[10:46] {RonS} definition of flash trading?

01[10:47] {@Threei}  Captain Obvious is a title I'll defend to the last drop of nemo's blood

[10:47] {RonS} ...better than being Mr. Trend Chart Guy...

01[10:48] {@Threei}  that's... so gay

01[10:50] {@Threei} Long Setup:  VXX  .40 break

01[10:50] {@Threei}  wow... fast

[10:50] {nemo} IWM kisses the 200 and market drops

01[10:50] {@Threei}  If holds  .30 

01[10:51] {@Threei}  no go CMCSA

[10:51] {nemo} Nemo's senior citizen chauffer service is signing off for now

[10:52] {RonS} nemo = Mr cab driver guy...

01[10:54] {@Threei}  1 cent from 1:1

01[10:54] {@Threei}  sigh

01[11:02] {@Threei} Short Setup: JPM  .43 break

01[11:02] {@Threei}  If holds  .50 

01[11:12] {@Threei}  Invalidated  

01[11:18] {@Threei}  there has to be a top in this...

[11:25] {dino} out lci .52 +.54

01[11:25] {@Threei}  wtg

[11:25] {dino} ty

01[11:26] {@Threei}  one more bounce, double top, and hopefully we get our short

01[11:26] {@Threei}  in VXX terns, that would be a pullback under .10 and buy on recross

01[11:30] {@Threei}  "As of 11 o'clock today, about 45,000 troops of the armed forces and internal forces of the Russian Federation are concentrated in border areas," Lysenko told a briefing.

01[11:30] {@Threei}  He said they were supported by 160 tanks, 1,360 armoured vehicles, 390 artillery systems, up to 150 Grad missile launchers, 192 fighter aircraft and 137 attack helicopters.

01[11:31] {@Threei}  yup, de-escalation at its finest

01[11:38] {@Threei}  anyone caught VXX on pullback?

01[11:39] {@Threei}  11:34, exact setup I was talking about

[11:40] {RonS} yep, too fast, missed

[11:47] {ese} it'll only be 96 fighter aircraft.......rebels will shoot down half

[11:47] {RonS} wow

[11:47] {RonS} ese right on top of it...

[11:47] {ese} indeed

[11:47] {RonS} rebels are russian

[11:49] {ese} now that they've had practise shooting down civilian aircraft there ready for the faster stuff

[11:50] {RonS} Cowboy: "Give me 3 packets of condoms, please."

[11:50] {RonS}  Cashier: "Do you need a paper bag with that, sir?"

[11:50] {RonS}  Cowboy: "Nah... She's purty good lookin'....."

[11:53] {ese} rotflol

01[11:54] {@Threei}  lol

[11:54] {dino} lol

01[11:58] {@Threei} Long Setup:  VXX  .25 break

01[11:58] {@Threei}  If holds  .15 

01[12:02] {@Threei}  1:1  

[12:46] {RonS} nemo out on the town?  I was talking to a girl in the bar last night. She said, "If you lost a few

[12:46] {RonS}  pounds, had a shave and got your hair cut, you'd look all right."

[12:46] {RonS}  I said, "If I did that, I'd be talking to your friends over there instead of

[12:46] {RonS}  you."

01[12:47] {@Threei}  I can hear the slap

[12:47] {RonS} nemo's pickup line?  I was telling a girl in the pub about my ability to guess what day a woman

[12:47] {RonS}  was born just by feeling her boobs.

[12:47] {RonS}  "Really" she said, "Go on then...try."

[12:47] {RonS}  After about thirty seconds of fondling she began to lose patience and said,

[12:47] {RonS}  "Come on, what day was I born?"

[12:47] {RonS}  I said, "Yesterday."

[12:48] {RonS} after the night out?  I got caught taking a pee in the swimming pool today.

[12:48] {RonS}  The lifeguard shouted at me so loud, I nearly fell in.

01[12:48] {@Threei}  oh boy

01[12:48] {@Threei}  lol

01[13:29] {@Threei} Long Setup:  VXX  .40 break

01[13:29] {@Threei}  If holds  .30 

[13:29] {nemo} I've got support between .25-.28

[13:32] {dino} gut says markets continue up

[13:34] {nemo} I see it got real quiet

[13:35] {RonS} ese's prediction the rebels to shoot down Russian fighters?

01[13:36] {@Threei}  actually, one version floating around is that the real target was Russian plane

01[13:36] {@Threei}  to put it on Ukrainian govt forces and use as pretext for invasion

[13:51] {nemo} well, you can move your stop up

01[13:54] {@Threei}  1:2  

[13:55] {nemo} stop to .38

[13:55] {nemo} spy fas testing the gap

01[13:55] {@Threei}  .49 for me

01[13:56] {@Threei}  1:3  

[13:56] {nemo} ycan move it to .58 now below vwap

[13:56] {nemo} just to argue with you of course

[13:56] {nemo} do I hear a "Pizdah"?

01[13:56] {@Threei}  of course

01[13:56] {@Threei}  and yes

[13:57] {nemo} I think I really like razpizdiyi

[13:58] {goinshort} out vxx thanks

01[13:59] {@Threei}  :)

[13:59] {nemo} that .58 stop looking good

[14:00] {dino} gj

01[14:00] {@Threei}  1:4

[14:00] {nemo} yep...I'm sporting wood

[14:01] {RonS} out .80 +.39 full lot +.30 thanks 3i

[14:01] {RonS} .39

01[14:01] {@Threei}  yw

[14:01] {nemo} Guess I'll have to do my duty at booknight tonight

01[14:01] {@Threei}  out here too

[14:01] {RonS} you too nemo

[14:02] {nemo} what?

[14:02] {RonS} for talking stops etc...comfort level to hold et al

[14:02] {nemo} oh, your welcome

[14:02] {nemo} you're

[14:03] {nemo} finnies and spy testing the lows

[14:03] {RonS} now i feel bad about the jokes earlier...

[14:03] {RonS} :)

[14:03] {nemo} Mmmhhh...maybe I should ask UPS not to deliver the package to you Ron

[14:04] {nemo} nevermind the ticking sound

[14:04] {nemo} stop to .68

[14:06] {nemo} IWM looking possibly long

[14:06] {nemo} .40 break

[14:07] {nemo} sayonara vxx

[14:07] {nemo} IWM first target .55 ish

[14:08] {nemo} guess it depends on the width of the hair

[14:08] {nemo} touches .49 stop should be to just under entry

[14:08] {nemo} IMO

[14:08] {nemo} and we know what that's worth

[14:10] {nemo} and of course vxx holds vwap

[14:10] {nemo} stop is breakeven on IWM

[14:14] {nemo} not being able to get through .50 is pretty bearish

[14:15] {nemo} shoulda' woulda' kept my .58 stop on vxx

01[15:02] {@Threei} Long Setup:  VXX  .80 break

01[15:02] {@Threei}  If holds  .70 

01[15:08] {@Threei}  Invalidated  

[15:15] {dino} took all day, but out data .53, +.41

01[15:17] {@Threei}  nice

[15:21] {dino} ty

[15:40] {dino} calling it a day, gn all

01[15:41] {@Threei}  take care dino

01[15:41] {@Threei}  can't see a confident play for the close, everything is 50/50

01[15:46] {@Threei}  VXX was last scalp... oh well

01[15:46] {@Threei}  thank you all, jave a good evening

01[15:46] {@Threei}  see you tomorrowq

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Ebola, Rockets and Tanks, Oh My

- Geopolitical events dominated the conversation again this week, as turmoil in Israel, Ukraine, Iraq, and West Africa provided plenty of dramatic, market-moving headlines. In the meantime, negative Italian Q2 GDP and worrying German industrial data cast a shadow over Europe, while the Nikkei fell 5% on the week thanks to weaker-than-expected July numbers. Most of the June quarter corporate earnings reports are in the can, leaving just a few retailers and some big tech names to report next week. At the end of a volatile week, the DJIA ended up 0.4%, the S&P500 gained 0.3% and the Nasdaq tacked on 0.4%.

- The Ebola outbreak in West Africa has become very serious this week, and the World Health Organization has declared it a major public health risk requiring a coordinated global response. The disease has begun to appear in Nigeria, where the government declared a state of emergency, and there are concerns it could spread beyond Africa. Cases of people with Ebola-like symptoms have been reported in the US, Europe and Saudi Arabia, but no cases have been conclusively proved. Shares of Canadian biotech Tekmira have gained another 40% this week after the FDA partially lifted its clinical hold on the firm's experimental anti-Ebola viral therapeutic. Biocryst, which is also working on a treatment for Ebola, is up 15% on the week.

- In the first half of the week, there were mounting fears that Russia was moving closer to invading Ukraine after authorities in Kiev and NATO figures said Moscow had built its forces back up to around 20,000 troops (plus the 20,000 troops stationed in Crimea). The thought was that Moscow would introduce troops under the guise of a "humanitarian mission" after many armored units were seen with "peacekeeping" markings painted on their vehicles. However on Friday there were sudden signs of fresh de-escalation as the chairman of the Russia Security Council said his country would like to find ways to "de-escalate the Ukraine situation" and Moscow ended scheduled military drills and stated that air and air defense units have been ordered back to their home bases. Nevertheless, the political battle of wills continues and Russia imposed countersanctions on the West, banning a broad range of food imports.

- Within a few hours of each other, two huge M&A deals fell apart this week, while a third was altered to remove a tax inversion component following strong political pushback. 21st Century Fox abandoned its $80 billion offer to acquire Time Warner, citing hostility to the deal at Time Warner and reluctance to overpay. Sprint abandoned attempts to reach a deal to acquire T-Mobile, costing CEO Dan Hesse his job. Walgreen said it would go ahead with buying up the rest of Alliance Boots it does not already own but abandoned plans to move its tax address abroad.

- Media names CBS and Disney both saw very solid quarterly reports that topped expectations. Disney reported strong Q2 revenue growth, although the results were not quite as good as results seen in Q1. News Corp disclosed a mixed set of Q4 results, missing the consensus EPS estimate for the first time four quarters but beating on revenue. Revenue and earnings sagged on a y/y basis.

- Shares of luxury goods names Coach and Michael Kors were closely watched after quarterly reports. Kors widely beat top- and bottom-line expectations, saw a 24% gain in comps and raised its FY15 outlook. But on the conference call, executives warned that margins would suffer going forward due to increased markdowns and disclosed a big increase in inventories. Coach also topped earnings and revenue expectations, with the international business strong and Chinese comps up by double digits, even as North America comps sagged.

- Solar names soared on very good results out of solar power installer SunEdison, which reported decent profits (beating expectations for a big loss) and revenue swelled 61% y/y. SunEdison said it completed more projects in the quarter than it had expected, goosing results higher. Earlier in the week First Solar had widely missed expectations and saw earnings and revenue sag on a y/y basis, although SUNE's 15% post-earnings gain helped pull FSLR up nearly 10% on the week.

- The Fed cleared Bank of America's resubmitted capital plan. Recall that back in April, the Fed directed the company to resubmit its CCAR application after it emerged that the bank had incorrectly reported data used in the calculation of regulatory capital ratios. The Fed approval allows BoA to go ahead with its plan to boost its dividend to $0.05 per share from $0.01 per share.

- The ECB left its policies unchanged at the August meeting. While acknowledging ultra-low inflation and slowing economic prospects, ECB President Draghi continued to affirm his confidence that the ECB's June measures would ultimately push prices and growth higher over the medium term. During the press conference, Draghi pushed back against criticism that the ECB is not doing enough by further detailing the TLTRO program, asserting it will disburse up to €450-850B to the real economy. On Ukraine, Draghi warned the conflict had the real potential to negatively impact the Eurozone.

- Italy's economy unexpectedly contracted in the second quarter, deepening fears that a wider economic slowdown is under way in Europe. Italy GDP was -0.2% q/q and -0.3% y/y, after a final Q1 GDP reading of -0.1% q/q and -0.5% y/y , marking a rare triple dip recession. Germany, France and the Eurozone report initial Q2 GDP figures next Thursday. There are real concerns about the German data after Germany reported June factory orders -2.4% y/y on Wednesday and June industrial production -0.5% on Thursday, after which the two-year bund yield fell below zero for the first time since May 2013 and the 10-year bund yield fell to an all-time low below 1.07%. EUR/USD hit nine-month lows below 1.3340.

- In Japan, the strengthening yen and disappointing July economic figures sent the Nikkei225 down by nearly 5% this week. Despite speculation of a rift in the policy board, the BoJ's latest statement retained its unanimous stance on key policy settings even as the assessment of exports and industrial output were downgraded, as both have "shown some weakness." The BoJ still cheered improvement in employment and income situation along with some signs that consumption tax headwinds are starting to abate. Government bond yields in Tokyo have plunged to new lows, with the 10-year falling to a 16-month low of 0.5%.

- After two straight weeks of strong gains, the Shanghai Composite was down 0.3% this week, a modest decline against the backdrop of volatility in the emerging markets. A very strong set of China trade data helped restore markets on Friday. July's $47B surplus was the biggest on record, and even though imports fell, a 14% rise in exports more than made up for that decline. Shipments to Europe were particularly strong, up about 17% y/y, while exports to Japan reversed last month's drop with a 3% increase. The stream of economic data from China continues with the release of July inflation figures late on Friday.

TradeTheNews

Aug 08 2014

About flat day - two 1:3ers, some scalps, some stops, trading punches. Good week overall so no complaints.

Session Time: Fri Aug 08 00:00:00 2014
[09:11] {troub} good morning
01[09:11] {@Threei}  troub :)
01[09:12] {@Threei}  TKMR
[09:12] {RonS} gm...BREAKING: U.S. military aircraft strike Islamic State artillery, Pentagon says
01[09:12] {@Threei}  Ron :)
01[09:14] {@Threei}  decent SPY premarket volume
[09:15] {nemo} very decent
[09:15] {nemo} was 1.3 million at 7:30
[09:15] {nemo} a.m. EDT
01[09:18] {@Threei}  Upside:
01[09:18] {@Threei}  -TKMR +18% (momentum from Ebola as WHO names the outbreak 'extraordinary' event)
01[09:18] {@Threei}  -MELI +15% (earnings)
01[09:18] {@Threei}  -ANET +9.8% (earnings)
01[09:18] {@Threei}  -NOG +6.4% (earnings)
01[09:18] {@Threei}  -UBNT +5.5% (earnings)
01[09:18] {@Threei}  -MNST +4.8% (earnings)
01[09:18] {@Threei}  -GPS +4.5% (earnings, guides higher than estimates)
01[09:18] {@Threei}  -BCRX +4.1% (Ebola momentum)
01[09:19] {@Threei}  -ELX +4% (earnings)
01[09:19] {@Threei}  -NVDA +3.7% (earnings)
01[09:19] {@Threei}  -LULU +3.5% (stock sale to Advent, removes hostile takeover & proxy fight potential)
01[09:19] {@Threei}  Downside:
01[09:19] {@Threei}  -HIBB -11% (earnings)
01[09:19] {@Threei}  -ZNGA -7.1% (earnings)
[09:20] {nemo} http://goo.gl/eejQYA
01[09:32] {@Threei} Long Setup:  TWTR  .10 break
01[09:32] {@Threei}  too fast
01[09:32] {@Threei}  valid again, if holds 43
01[09:34] {@Threei}  FB is not helping
01[09:35] {@Threei}  nah
01[09:36] {@Threei}  .l vxx .70 break
01[09:36] {@Threei} Long Setup:  VXX  .70 break
01[09:37] {@Threei}  If holds  .60
[09:37] {nemo} VXX should be a good afternoon play
01[09:38] {@Threei}  hmmm
01[09:38] {@Threei}  second morning in a row og non-behaving plays
[09:39] {nemo} we're in August, should almost wait out the first 15 minutes or so
01[09:41] {@Threei}  rinse
01[09:43] {@Threei} Long Setup:  FB  .75 break
01[09:43] {@Threei}  If holds  .65
01[09:44] {@Threei}  1:1
01[09:46] {@Threei} Long Setup:  WMT  .90 break
01[09:46] {@Threei}  If holds  .85
[09:47] {dino} adding vxx puts
[09:47] {nemo} VXX should close higher today with all the geopolitical and market uncertainty
[09:47] {dino} understood
[09:48] {nemo} just my opinion and we know what that is worth
[09:48] {nemo} I usually have to pay people to get them to listen to it
[09:48] {dino} feye hl l .28 stop .98
[09:49] {nemo} MNST dino
01[09:51] {@Threei}  half out
01[09:51] {@Threei}  stop to .89
01[09:51] {@Threei}  1:1
01[09:52] {@Threei}  1/4 more out
01[09:53] {@Threei}  stop .94
[09:54] {dino} cnc sm l .50
01[09:55] {@Threei}  1:2
01[09:55] {@Threei}  to .99
[09:55] {dino} post pounded
[09:57] {nemo} resorting to Ronisms dino?
[09:58] {dino} ;-)
[09:58] {nemo} you're on a de-evolutionary spiral
01[10:00] {@Threei}  hmmm... and here I am, dreaming of ascending to Ronisms
[10:01] {dino} perhaps
[10:02] {nemo} see Les below?
[10:02] {RonS} lol
06[10:02] * @Threei returns to the usual "tree good, fire bad"
[10:03] {nemo} vodka great
[10:03] {nemo} mmmhhh...Jack is calling to me
01[10:03] {@Threei}  don't pick up
[10:03] {nemo} why?
01[10:04] {@Threei}  scientists established that after first bottle you start speaking russian, and after second invade neighbouring country
01[10:05] {@Threei}  1:3
01[10:05] {@Threei}  out +.30
01[10:05] {@Threei}  finally normal play that behaves as it should
[10:05] {dino} gj
01[10:06] {@Threei}  ty
01[10:06] {@Threei}  not too bad for 5 cents risk
01[10:08] {@Threei}  so, in Russia to connect to public Wi-Fi in cafes, parks etc, now you are going to have to enter your passport information
[10:14] {flash} gm, new on 7 day trial. am I in the right screen for trades, thanks
[10:14] {dino} yes
[10:15] {flash} ty
01[10:15] {@Threei}  morning flash
[10:15] {flash} morning tgif
[10:16] {nemo} wait...don't we have to do a cavity search before he can come in?
[10:16] {flash} haha
01[10:16] {@Threei}  no, not on fridays
[10:16] {nemo} you never let me have any fun
01[10:17] {@Threei}  need a hug?
[10:17] {nemo} need to puke
01[10:17] {@Threei} Short Setup: CAT  .30 break
01[10:17] {@Threei}  If holds  .40
[10:17] {nemo} if I need a hug I find bunny
[10:17] {nemo} MON looks weak
01[10:17] {@Threei}  Invalidated
01[10:21] {@Threei} Long Setup:  VXX  35 break
01[10:21] {@Threei}  If holds  .90
01[10:22] {@Threei}  no go
[10:22] {nemo} so choppy support resistance
01[10:23] {@Threei}  sheesh... rinse
01[10:23] {@Threei}  gotta wait for a stop to get hit, then enter
01[10:25] {@Threei} Short Setup: FB  .85 break
01[10:25] {@Threei}  If holds  .95
[10:26] {nemo} gonna' go up and test vwap likely
01[10:26] {@Threei}  Invalidated
[10:27] {RonS} hgr sm l .20
[10:27] {nemo} now short FB below .90
01[10:29] {@Threei}  FB looks two-sided to me
[10:30] {nemo} spy testing other side of range, if it gets through, should follow
[10:30] {nemo} never got below .90
01[10:32] {@Threei}  long side works
01[10:32] {@Threei}  1:1
[10:32] {nemo} yeah spy didn't continue either
01[10:34] {@Threei}  [APC] APC Hearing renewed takeover chatter circulating - Exxon rumored as a potential acquirer
[10:36] {dino} mnst sm s .60
01[10:38] {@Threei} Long Setup:  LULU  40 break hl
01[10:38] {@Threei}  If holds  .90
01[10:41] {@Threei}  a lot of shares for sale at 40
[10:45] {flash} is there a setting for a sound when you post trades?
01[10:45] {@Threei}  if you use mirc, yes
01[10:45] {@Threei}  in mibbit, no, it's a temporary solution
01[10:45] {@Threei}  change LULU to .90 break
01[10:46] {@Threei}  If holds  .80
[10:46] {nemo} looks like above 192 for stops coming
01[10:46] {@Threei}  that was fast
[10:48] {flash} gotta run some errands. be back . trade green friends!
01[10:49] {@Threei}  ty
[10:54] {dino} ty for idea nemo, cov mnst .22, +.28
[10:54] {dino} +.38
01[10:55] {@Threei}  wtg
01[10:58] {@Threei}  1:1
[11:12] {RonS} looloo
01[11:14] {@Threei}  1:3
01[11:14] {@Threei}  out
01[11:14] {@Threei}  I will have to try:
01[11:14] {@Threei}  we saw right through LULU
[11:15] {RonS} lol...nice...
01[11:15] {@Threei}  did I succeed in ascension aspirations?
[11:17] {RonS} when nemo groans you are there...
01[11:18] {@Threei}  nemo?
[11:18] {nemo} ?
01[11:18] {@Threei}  lift your eyes up by a few lines
[11:19] {nemo} ?
[11:19] {nemo} hey dino, look at Post
[11:21] {nemo} POST
[11:27] {dino} missed that
[11:40] {RonS} Breaking: Obama launches airstrikes from USS George H. W. Bush against ISIS so he can blame Bush if it all goes wrong
01[11:41] {@Threei}  lol
[11:42] {dino} lol
01[12:03] {@Threei}  matter of urgent priorities:
01[12:03] {@Threei}  (US) State AGs urge FDA to ban flavored e-cigarettes
[12:03] {nemo} VXX might be long here
01[12:03] {@Threei} Long Setup:  FB  .90 break
01[12:03] {@Threei}  If holds  .80
01[12:07] {@Threei}  Invalidated
01[12:15] {@Threei} Long Setup:  FB  .80 break
01[12:15] {@Threei}  If holds  .70
[12:16] {nemo} lower lows on spy and IWM
[12:16] {nemo} could short here with a .15 stop
01[12:17] {@Threei}  FB two-sided
01[12:21] {@Threei}  long it is
01[12:26] {@Threei}  and working it isn't
[12:26] {nemo} spy short is
[12:27] {nemo} target .60ish
[12:28] {nemo} stop .88
[12:32] {dino} cnc to .90
01[12:33] {@Threei} Short Setup: JPM  56 break
01[12:34] {@Threei}  If holds  .10
01[12:34] {@Threei}  with trail to .06 around .95
[12:34] {nemo} very possible bounce @.95 with resistance @ .05
[12:36] {nemo} Politicians never accuse you of 'greed' for wanting other people's money --- only for wanting to keep your own money. - Joseph Sobran
01[12:37] {@Threei}  sounds about right
[12:37] {dino} how true
[12:38] {nemo} stop to .82
[12:38] {nemo} had buy @ .62 didn't get hit
[12:42] {dino} athm sm l .00
[12:43] {nemo} VXX coming in
[12:44] {nemo} fingertips
[12:44] {nemo} nails ripping away
[12:44] {nemo} bloody
[12:45] {nemo} took half
[12:46] {nemo}  so, go from almost making .28 to .10 sounds about right
[12:47] {nemo} VXX recovering
[12:47] {nemo} this should be o.k. now
[12:49] {nemo} VXX play shaping up
01[12:55] {@Threei}  let's trail stop to .06
[13:10] {goinshort} afternoon everyone!
[13:11] {dino} out athm .45, +.45
[13:11] {dino} ga gs
01[13:13] {@Threei}  gs :)
01[13:16] {@Threei}  (IQ) White House: When Iraq completes the formation of an 'inclusive' Govt; the US will provide more military support to help fight the ISIS as needed (ISIL) - Notes the US could conduct further targeted strikes in Iraq
01[13:16] {@Threei}  (NG) Nigeria declares state of emergency due to Ebola outbreak - press
01[13:17] {@Threei}  one of these made market happy
01[13:17] {@Threei}  you choose
[13:18] {dino} don't know wht either would
[13:18] {dino} why
[13:18] {dino} cnc to .00
01[13:19] {@Threei}  kidding... it's this:
01[13:19] {@Threei}  (UR) Russia Defense Ministry: "Military exercises" along the Ukraine border have been concluded
01[13:19] {@Threei}  idiots still believe it means something
[13:19] {dino} indeed
[13:19] {dino} but do we believe it
01[13:19] {@Threei}  absolutely not
[13:19] {nemo} we'll run now
01[13:20] {@Threei}  - The ruble, the RSX and various Russian stocks surged this morning after Russia Security Council Chief Patrushev stated Russia would like to find ways to "de-escalate the Ukraine situation." Patrushev told RIA Novosti that Russia is prepared to mediate talks between Kiev and eastern Ukraine separatists. After the DNR separatists replaced a Russian leader with an ethnic Ukrainian, there was speculation that Russia was again trying to back away from the brink.
01[13:20] {@Threei}  in reality, it's merely a game of seeking best timing and pretext
01[13:21] {@Threei}  pretend you don't want it, whole organizing provocation that would put you in position "see, we told you they were fascists, you didn't believe is, now we have to go in"
01[13:21] {@Threei}  whole = while
[13:22] {dino} asps spike
[13:22] {dino} out cnc ave .18, +.68
[13:23] {dino} scty bloody dark
[13:26] {RonS} gj
[13:27] {nemo} most of the puts this week are 194
[13:27] {RonS} get this...closing I25, the main no/so interstate 10pm tonight until 5 a.m. Monday at an intersection w/ another east/west freeway
[13:27] {dino} why?
[13:28] {RonS} right at city center...must carry 200-300k vehicles on weekends
[13:28] {RonS} improving the intersection...saying 100 guys going to do a month's work in that time...
01[13:29] {@Threei} Long Setup:  VXX  .60 break
01[13:29] {@Threei}  If holds  .50
01[13:30] {@Threei}  touched 1:1 briefly, stop to .54
01[13:31] {@Threei}  half out
01[13:31] {@Threei}  to .59
[13:34] {goinshort} out -thanks V!
01[13:35] {@Threei}  yw
[13:41] {nemo} stop hunt to 193.25 possible
[13:43] {goinshort} out 1:1 VXX short
[13:45] {dino} out vxx puts from earlier, +.43/13%
01[13:45] {@Threei}  nice
[13:45] {dino} ty
01[13:46] {@Threei}  dino knew russians would put that smokescreen today
[13:46] {dino} was talk about it on cnbc early morning, so i took a shot
01[14:01] {@Threei} Long Setup:  VXX  .50 break
01[14:02] {@Threei}  If holds  .40
01[14:02] {@Threei}  change to .45 break
01[14:02] {@Threei}  If holds  .35
01[14:04] {@Threei}  Invalidated
[14:04] {nemo} bounce between .20-.30
[14:18] {nemo} VXX
01[14:28] {@Threei}  ok... the end of this move should be somewhere
01[14:28] {@Threei}  or not?
01[14:29] {@Threei}  one more shake, gotta wait it out
01[14:29] {@Threei}  then look for a solid entry
[14:29] {nemo} .20
[14:29] {nemo} spy likely to go to 193.20ish first
[14:31] {RonS} out hgr 22.45 +1.25
01[14:32] {@Threei}  wtg
01[14:33] {@Threei}  here comes my shake
[14:34] {nemo} spy going for the stops
01[14:35] {@Threei}  yup
[14:35] {nemo} look at spy on 15min
01[14:48] {@Threei} Long Setup:  VXX  .45 break
01[14:48] {@Threei}  If holds  ,35
01[14:56] {@Threei}  ok
01[14:56] {@Threei}  this does look like real reversal
01[14:56] {@Threei}  lose .80 and die, SPY
01[14:59] {@Threei}  1:1
01[15:22] {@Threei}  that was all, eh
01[15:25] {@Threei}  no fear whatsoever
01[15:25] {@Threei} Long Setup:  IWM  .35 break
01[15:25] {@Threei}  If holds  .25
[15:31] {nemo} spy stops taken
01[15:31] {@Threei}  yes
01[15:31] {@Threei}  come on IWM, take .40
[15:32] {nemo} could come in now
01[15:32] {@Threei}  and fly
01[15:32] {@Threei}  wow... block below
[15:32] {nemo} what IWM
[15:32] {nemo} watching vxx
01[15:32] {@Threei}  yes
[15:35] {nemo} so, above 193 or below?
01[15:36] {@Threei}  above
[15:37] {nemo} and if there is happy news over the weekend about Russia, we open above 194
[15:41] {dino} took all day, but out feye .48, +.20
[15:42] {RonS} better than getting feyeded...
01[15:42] {@Threei}  lol
[15:43] {RonS} some calling Putin the greatest day trader ever...
[15:43] {dino} lol
01[15:44] {@Threei}  difficult to disagree
01[15:44] {@Threei}  buy - announce troops pullout
01[15:44] {@Threei}  sell - short - announce troops amassing
[15:46] {RonS} good weekend to all...outta here
01[15:47] {@Threei}  I suggest instituting a rule - said goodbye, stay for 3 min to hear the response
[15:49] {dino} calling it a day, gn
01[15:49] {@Threei}  take care dino
01[15:49] {@Threei}  ok guys, scratching IWM
01[15:49] {@Threei}  have a great weekend, see you Monday
01[15:49] {@Threei}  out .36
[16:07] {troub} good weekend all.