Monday, October 27, 2014

Oct 27 2014

Nicely solid day again, with inactive midday but many nice trades in the morning and 1:3 IWM long at the close.

Ahead of the Close Market Snapshot
Mon, 27 Oct 2014 15:50 PM EST

US Indices:
- Dow Jones +0.1%
- S&P500 -0.3%
- Nasdaq flat

Markets are little changed while Volatility index is holding steady in 16-18 session range. Services and Healthcare sectors are marginally higher, as Basic Materials is a notable laggard on lower oil prices. OXY, APA, DVN, EOG, CHK, and DNR are down 3-4%, while NBR, HAL, and LYB are off by 5-6%. In tech, MU and JNPR are up over 3%, leading the SP500 names to the upside.

Fixed-Income: Fixed income and FX markets appear to be in waiting mode ahead of the pivotal FOMC meeting this Wednesday that is widely expected to mark the end of QE3 with the final $15B taper. US flash services PMI was a tad disappointing at 57.3 - the lowest since Apr, while the pending home sales figures also missed the mark. Widely cited resistance on the 10-yr yield remains at 2.30%, which was briefly approached overnight.
- US 2-yr: flat at 0.38%
- 10-yr: -1bps at 2.26%
- 30-yr: -2bps at 3.03%
- 2-10 spread: -1bps at 1.88%

Energy: WTI Dec crude oil $80.72; Crude is down for the 2nd straight day and approached multi-month low, briefly dipping below $79.50. Earlier, Iranian official noted OPEC is unlikely to cut production output ceiling at the upcoming meeting, just as Iraq Kurdistan is looking to boost supply with pipeline capacity rising to 700K from expected 400K bpd.

Metals:
- Spot Gold $1,2/oz; Narrow $4 range ahead of this week's FOMC.
- Spot Silver $17.15/oz; Narrow 10c range ahead of this week's FOMC.
- Dec Copper $3.06/lb; Copper rising for the 3rd straight day with a session high near $3.075;.

Key Earnings at the close:
- AMGN, BWLD, CLF, HIG, MAS, MTW, PCL, RGA, TMUS, TWTR, UHS

Looking ahead to Asia session:
- Japan Retail Sales 19:50ET
- China Industrial Profits 21:30ET

TradeTheNews.com


Session Time: Mon Oct 27 00:00:00 2014
[09:05] {dino} gm
01[09:05] {@Threei}  dino :)
[09:18] {RonS} hi guys
01[09:18] {@Threei}  ron :)
[09:20] {troub} good morning
01[09:20] {@Threei}  troub :)
[09:20] {jfjf64} mornin
01[09:20] {@Threei}  jf :)
[09:26] {Jenh} good morning everyone!
01[09:27] {@Threei}  jen :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -NQ +20% (confirmed regained full compliance in 20-F filing)
01[09:27] {@Threei}  -CEMI +14% (Ebola momentum)
01[09:27] {@Threei}  -NVAX +10% (Ebola momentum)
01[09:27] {@Threei}  -TREX +4.8% (earnings)
01[09:27] {@Threei}  -MU +3% (authorized $1B stock repurchase program)
01[09:27] {@Threei}  -LAKE +2% (Ebola momentum)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -PTIE -62% (PFE terminating development of Remoxy capsules)
01[09:27] {@Threei}  -DRRX -50% (PFE terminating development of Remoxy capsules)
01[09:27] {@Threei}  -SRPT -35% (FDA needs further discussion to determine what constitutes a complete NDA submission on Eteplirsen)
01[09:27] {@Threei}  -PBR -15% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -EBR -15% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -CIG -13% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -GOL -11% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -EWZ -7% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -ITUB -6.6% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -GPRO -6.3% (no news seen)
01[09:27] {@Threei}  -TSU -5.6% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -SID -5.5% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -PANW -5.4% (cautious Mad Money mention momentum)
01[09:27] {@Threei}  -VALE -5% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  -BBD -4.8% (Brazil's Rousseff wins reelection)
01[09:27] {@Threei}  poor Brazil stocks
01[09:34] {@Threei} Long Setup:  VXX  .70 break
01[09:34] {@Threei}  If holds  .60
01[09:35] {@Threei}  1:1
01[09:36] {@Threei}  1:2
01[09:37] {@Threei}  closed balance on a trail
[09:38] {jfjf64} ty
[09:38] {jfjf64} nice start
01[09:39] {@Threei}  yw
01[09:39] {@Threei} Short Setup: FB  .40 break
01[09:39] {@Threei}  If holds  .50
01[09:40] {@Threei}  valid
01[09:40] {@Threei}  1:1
[09:42] {jfjf64} yhoo /baba
[09:42] {jfjf64} strong
[09:43] {dino} lyb?
01[09:44] {@Threei}  no news that I see
[09:45] {dino} fri earnings were good/beat
01[09:45] {@Threei}  *(US) OCT PRELIMINARY MARKIT SERVICES PMI: 57.3 V 57.8E (lowest since April)
01[09:46] {@Threei} Long Setup:  IWM  .10 break
01[09:46] {@Threei}  If holds  110
01[09:47] {@Threei}  1:1
[09:51] {dino} value added sn downgraded by stifel. yeah, thanks, stock has lost 40% in value in last 30 days
01[09:53] {@Threei}  lol
01[09:56] {@Threei} Short Setup: VXX  .10 break
01[09:56] {@Threei}  If holds  .20
01[09:58] {@Threei}  hah... non-shortable today
[09:59] {nemo} go long XIV then
01[09:59] {@Threei}  1:1
01[10:00] {@Threei}  *(US) SEPT PENDING HOME SALES M/M: 0.3% V 1.0%E; Y/Y: 1.0% V 2.2%E
01[10:00] {@Threei}  well, XIV is a bit different risk profiel
01[10:00] {@Threei}  spread is jumpier
[10:00] {nemo} a little
01[10:00] {@Threei}  can be used as replacement of course, just not 1:1
[10:02] {dino} akba drop
[10:07] {dino} lyb sm l .95
[10:07] {RonS} in lyb here at 85.60 ave
01[10:07] {@Threei} Long Setup:  TNA  .40 break hl
01[10:07] {@Threei}  If holds  .30
[10:07] {dino} akba sm l .20
01[10:09] {@Threei}  meh
[10:09] {nemo} grind down day
[10:09] {dino} out lyb .60, +.65
[10:10] {Jenh} congrats!
01[10:10] {@Threei}  wtg
[10:11] {dino} ty
[10:13] {dino} out akba .59, +.39
[10:14] {Jenh} wow! wtg!
[10:14] {Jenh} keep it going! :)
[10:15] {dino} lol, ty jen
[10:15] {dino} emes blood
01[10:16] {@Threei}  rinse TNA
01[10:18] {@Threei} Long Setup:  VXX  .65 break
01[10:18] {@Threei}  If holds  .55
01[10:19] {@Threei}  stop to .59
01[10:20] {@Threei}  1:1
[10:21] {dino} lyb sm l .00
01[10:24] {@Threei}  just a scalp... too bad
[10:26] {dino} out lyb .20, +.20
01[10:27] {@Threei} Long Setup:  FB  .10 break
01[10:27] {@Threei}  If holds  80
01[10:30] {@Threei}  *(US) OCT DALLAS FED MANUFACTURING ACTIVITY: 10.5 V 11.0E
01[10:32] {@Threei}  struggle
01[10:32] {@Threei}  opening plays were easier
[10:33] {jfjf64} ahh lets get violin out for vg
[10:33] {jfjf64} lol
[10:34] {jfjf64} yhoo gonna explode
01[10:34] {@Threei}  looks that was
[10:35] {jfjf64} wish I was in already
01[10:36] {@Threei}  1:1
01[10:37] {@Threei}  nice explosion
01[10:42] {@Threei}  1:2
01[10:42] {@Threei}  1:3
01[10:42] {@Threei}  nice momo eh
[10:44] {dino} gj
[10:44] {dino} xiv sm l .90
[10:45] {jfjf64} gj
[10:46] {Jenh} gj
[10:46] {Jenh} tried to get in earlier but missed :(
01[10:47] {@Threei}  in FB??
[10:47] {Jenh} yeah
[10:48] {Jenh} had limit that wouldn't fill then things took off
01[10:48] {@Threei}  it spent about 8 min in the range...
01[10:48] {@Threei}  after triggering
[10:49] {Jenh} yeah i tried when you gave the alert then looked at other stocks
01[10:49] {@Threei}  and FB got jealous
[10:49] {Jenh} when i came back things had already moved but my initial limit order didn't fill
[10:49] {Jenh} i think so
01[10:49] {@Threei}  "why are you looking at other stocks??" FB said
[10:50] {Jenh} "because you were stingy in gving me stocks"
01[10:50] {@Threei}  lol
[10:50] {Jenh} said jen to fb
01[10:50] {@Threei}  what price your initial order was at?
[10:51] {Jenh} 8.07 by accident then 8.10 and cancelled bc it was going down then i gave up
[10:52] {Jenh} it was 8.07 when i sent in the 8.10
01[10:52] {@Threei}  not the way I'd play that...
[10:52] {Jenh} just my luck
01[10:52] {@Threei}  too much discretion
[10:52] {Jenh} no definitely not
01[10:52] {@Threei}  why not let system work, without your personal input
[10:53] {Jenh} how?
[10:53] {Jenh} i have to press something
01[10:53] {@Threei}  don't judge whether it's going to work or not
01[10:53] {@Threei}  enter and exit acording to the setup struvture
01[10:53] {@Threei}  .10 is broken, buy
[10:53] {Jenh} oh just go with whatever i get?
[10:53] {Jenh} ok
01[10:53] {@Threei}  unto stop is tagged, fo not exit
[10:53] {Jenh} i'll try that next time
01[10:53] {@Threei}  until
01[10:54] {@Threei}  setup has structure for a reason, simply follow it
[10:54] {Jenh} ok that will be my plan for the next one
[10:54] {Jenh} thanks
01[10:54] {@Threei}  sure
01[10:55] {@Threei}  look at it thisd way
[10:55] {Jenh} maybe it's just too simple for me :)
01[10:55] {@Threei}  one of the most frequent reasons for failure for nwere traerds is the idea that they know better than their system does, and can judge which signals will or will not work,
01[10:56] {@Threei}  so they introduce their discretion, trying to make the score ideal
01[10:56] {@Threei}  by skipping those trades that they doubt and taking those that they deem winning
01[10:56] {@Threei}  This doesn't work like that, it's an odds based environment
[10:56] {Jenh} yeah that's me
01[10:57] {@Threei}  Meaning, some will work, some won't, but you can never tell which ones
01[10:57] {@Threei}  and by introduing your discretion, you simply ruin the odds built into the system
01[10:57] {@Threei}  Your performace becomes random
[10:58] {dino} jenh, you can use buy stops to enter
[10:58] {Jenh} well i wasn't planning on self sabotage but i def see now how i'm doing it
[10:58] {Jenh} really? hadn't thought of it that way
[10:59] {Jenh} thanks dino!
[10:59] {dino} np, gl
[11:00] {Jenh} thanks 3i! i will def try to just follow the original plan and leave my "thinking" part out since it's obviously not worth the thought process
01[11:05] {@Threei} Long Setup:  YHOO  .40 break
01[11:05] {@Threei}  If holds  .30
[11:07] {jfjf64} tighten stop to .35
[11:07] {jfjf64} ?
01[11:08] {@Threei}  after .45 break
01[11:11] {@Threei}  half out
01[11:11] {@Threei}  1:1
[11:11] {nemo} big volume candle there
[11:14] {dino} out xiv .19, +.29
01[11:16] {@Threei}  nice
[11:16] {nemo} VXX now
[11:16] {nemo} .30 break
[11:18] {RonS} out lyb 87.28 +1.68
01[11:19] {@Threei}  wtg
[11:19] {dino} wtg ron
[11:20] {Jenh} gj Ron!
01[11:22] {@Threei}  The FOMC meets on Tuesday and Wednesday, and most expect the committee to make the final taper, ending bond purchases and starting the countdown to interest rate hikes. Recall that during the market volatility two weeks ago, Fed Governor Bullard said the FOMC should consider delaying the end of the QE taper this month to help stem the slide in inflation expectations. There is little chance the Fed will be taking Bullard's advice.
01[11:31] {@Threei}  1:2
01[11:31] {@Threei}  slow but sure
[11:32] {RonS} omg, someone has a brain?  This vessel may replace all of Lithuania's natural gas imports from Russia starting today: http://bloom.bg/1sucA51
01[11:33] {@Threei}  Putin: time to invade then...
01[11:37] {@Threei}  Baltic countries are scared as hell... Ukraine developments confirm their worst nightmares of renewed Russian aggression
[11:41] {Jenh} 3i, are you still in hoo?
[11:41] {Jenh} *yhoo
[11:42] {nemo} was wondering if you were trying to speak rusky
[11:42] {Jenh} lol :)
01[11:42] {@Threei}  1/4, yes
[11:42] {Jenh} ok same here. 1/4
[11:42] {Jenh} just checking :)
01[11:42] {@Threei}  played by the rules? :)
[11:43] {Jenh} yes. first time following the rules and I see a lot of the mistakes I'vemade
[11:43] {Jenh} thanks!
[11:43] {nemo} vwap here
01[11:43] {@Threei}  sure thing
[11:43] {nemo} spy
[11:43] {Jenh} funny how runny scared isn't part of the process and patience is :)
01[11:43] {@Threei} Long Setup:  FB  80 break
01[11:44] {@Threei}  If holds  .90
01[11:44] {@Threei}  want to shock yourself into following the rules jen?
01[11:44] {@Threei}  do this:
01[11:44] {@Threei}  go over all your trades over last week, or two, ot whatever
[11:45] {nemo} yeah, whatever
01[11:45] {@Threei}  and calculate your performace had you followed the rules strictly
01[11:45] {@Threei}  you won't believe your eyes
[11:45] {Jenh} good idea. i'll try that
01[11:46] {@Threei}  nemo, you have some kind of Monday bile overflow?
01[11:46] {@Threei}  change FB to .90 break
[11:46] {nemo} my usual good nature
01[11:46] {@Threei}  If holds  .80
01[11:46] {@Threei}  ah :)
01[11:46] {@Threei}  I keep forgetiing
[11:46] {nemo} wtf...how many frickin' years have I known u?
01[11:46] {@Threei}  1:1
01[11:46] {@Threei}  sorry, I am a slow learner
[11:47] {nemo} too many, I know
01[11:47] {@Threei}  hehe
[11:47] {nemo} got there before u did
[11:47] {nemo} saw I was open
[11:47] {nemo} verbal bitch slapped myself
01[11:48] {@Threei}  thanks for making my job easier
[11:48] {nemo} no ese today
01[11:49] {@Threei}  so you resort to self-flagellation?
[11:49] {nemo} I like pain
01[11:49] {@Threei}  btw, YHOO closed of course
[11:50] {Jenh} yes, thanks
01[11:50] {@Threei}  stop was trailed to under .50
[11:50] {Jenh} not sure how much i made but i'm seeing green in my account which is awesome!
[11:50] {Jenh} ty 3i!!!
01[11:50] {@Threei}  :)
[11:51] {nemo} careful Jen, he's gonna' want a cut
[11:51] {Jenh} :)
01[11:52] {@Threei}  you forgot... in Russian mafia battle I was on the good side
[11:52] {nemo} o.k. you can be her roof, pahan
[11:53] {Jenh} roof pahan?
[11:53] {Jenh} russian?
01[11:53] {@Threei}  sigh... how do I ween him off studying russian
01[11:54] {@Threei}  "roof" is russian mafia term for "protection"
[11:54] {nemo} you can't
[11:54] {Jenh} ah
01[11:54] {@Threei}  pahan is prison slang for boss
[11:54] {nemo} I've been hearing russian for 25 years
[11:55] {Jenh} ic now. will have to learn russian myself
[11:55] {nemo} mostly at very loud volume directed at me in a negative tone
[11:55] {nemo} well Jen, when you typed "hoo"  I was wondering where you were going with that
[11:56] {Jenh} didn't realize i was speaking russian. what did i say?
[11:56] {Jenh} or do i want to know?
01[11:56] {@Threei}  no
[11:56] {Jenh} hopefully it was clean
[11:56] {nemo} you didn't but were close, we'll leave it at that
[11:56] {Jenh} ok well meant yhoo for the record
01[11:56] {@Threei}  come on FB
01[11:56] {@Threei}  give us more
[11:57] {nemo} fb looking short below .95
[11:57] {nemo} eh, lunch time
[12:01] {nemo} indexes up fb not
[12:01] {nemo} that short stil in play
[12:02] {nemo} oh boy drops .93 gonnna be an issue
01[12:04] {@Threei}  closed
[12:04] {nemo} what closed?
01[12:05] {@Threei}  balance FB long, what else
[12:07] {nemo} oy
[12:07] {Jenh} is this a rinse?
[12:07] {Jenh} fb?
[12:08] {nemo} no, not if you got 1:1
[12:08] {Jenh} oh nm
[12:10] {nemo} now the FB short is starting to look like it's gonna' be a rinse
[12:16] {nemo} rinse
[12:23] {nemo} fb seller
[12:37] {nemo} fb ceiling
01[13:03] {@Threei} Long Setup:  DAL  .90 break
01[13:03] {@Threei}  If holds  .85
01[13:03] {@Threei}  just a scalp most likely
[13:04] {nemo} fb seller lifted
01[13:11] {@Threei} Short Setup: FB  .35 break
01[13:11] {@Threei}  If holds  .40
01[13:11] {@Threei}  Invalidated
01[13:12] {@Threei}  meh DAL
[13:13] {Jenh} samehere for dal
01[13:47] {@Threei} Long Setup:  VXX  .20 break
01[13:47] {@Threei}  If holds  .10
01[13:55] {@Threei}  UNXL Ticks higher on positive comments from financial blog "Poised to Triple"
01[13:56] {@Threei}  what a piece of crap
[14:03] {dino} lol
01[14:03] {@Threei}  look at daily :)
[14:04] {dino} boiler room
01[14:04] {@Threei}  totally
01[14:07] {@Threei}  let's trail to .14
01[14:07] {@Threei}  annoyingly slow
01[14:11] {@Threei}  out
01[14:27] {@Threei}  rinse
01[14:27] {@Threei}  somg
[14:31] {jfjf64} f  in rince
01[14:34] {@Threei}  again
01[14:34] {@Threei}  .20 break
01[14:34] {@Threei}  stop under .10
[14:35] {nemo} vxx looking short larger time frame\
[14:40] {jfjf64} common go mk ya d top
[14:40] {Jenh} well put :)
[14:41] {nemo} markets setting up for Fed Wednesday
[14:41] {jfjf64} double top
[14:42] {Jenh} oh i thought it was more colorful language. :)
01[14:42] {@Threei}  half out
01[14:42] {@Threei}  1:1
[14:48] {dino} vtae spike
[14:54] {jfjf64} d top
[15:02] {jfjf64} twtr
[15:02] {jfjf64} ya lk here
[15:04] {jfjf64} hey hey
[15:04] {jfjf64} talkin to self
[15:07] {dino} all traders do
[15:07] {jfjf64} lol
[15:09] {nemo} finnies have been walking the 50 day since 12:30
[15:10] {_np1977} dino how do you play Euphoric spikes like VTAE? Look for a Lower high, then short? or look for some kind of divergence then go short? Thanks!
[15:10] {_np1977} new here :-)
[15:10] {nemo} stay away from Dino
[15:10] {nemo} he had to sell his soul for those plays
[15:10] {_np1977} I have read some old transcripts, he is a winner!!!
[15:10] {dino} -np, look for lower highs
[15:11] {dino} jusy lucky np
[15:11] {nemo} yep, but look at some of the charts he trades, rorschach tests\
[15:11] {_np1977} Thanks dino! I know you need some methodology , otherwise these could be like freight trains!
[15:11] {_np1977} LOL
[15:12] {nemo} yeah, frickin Dino Wan Kenobi
[15:12] {dino} entries are key
[15:14] {_np1977} sure!
[15:15] {dino} fwiw, i try to keep things simple. don't use a lot of indicators, rely on my scanners. higher lows or lower highs.
[15:15] {dino} bread and butter is contrarian on spikes and fast drops
[15:15] {_np1977} That is classic technical analysis, indicators are just crutches to see what is already there on the pure price charts...imho
01[15:17] {@Threei} Long Setup:  IWM  .80 break
01[15:17] {@Threei}  If holds  .70
[15:26] {jfjf64} nice pull bk
[15:26] {jfjf64} looks stonger here
[15:27] {nemo} spy looking weaker than IWM and finnies also weaker than IWM
[15:27] {nemo} weird day
[15:27] {nemo} it's all about Wednesday
[15:27] {nemo} would think SPY recaptures the 50day tomorrow
[15:27] {dino} hey nemo, i see hillary up in your state sounding like obama. she said "Don't let anybody tell you that it's corporations and businesses that create jobs."
01[15:28] {@Threei}  you didn't build that
[15:28] {dino} where do they come up with this? who the hell creates the jobs then?
[15:28] {nemo} oh yeah, saw that...a whole bottle of vodka wasn't enough
[15:28] {nemo} They don't call us Massholes for nothing
01[15:28] {@Threei}  government of course
[15:28] {nemo} yep
[15:28] {nemo} Hillary went to school at Wellesley
01[15:28] {@Threei}  give all your money to it and watch jobs being created left and right
[15:29] {nemo} worked great in Russia and Venezuela
01[15:29] {@Threei}  yup
[15:30] {nemo} Russia makes ex KGB oligarchs really well though
[15:31] {nemo} I hate august trading
[15:32] {nemo} see highlights from the Pats game Dino?
01[15:32] {@Threei}  I despise scented candles
[15:32] {nemo} I find bad vodka odious
01[15:32] {@Threei}  I like it though when nemo airs random grievances
[15:33] {jfjf64} enjoy also
01[15:33] {@Threei}  reminds me "what grinds my gear" by peret griffin
01[15:33] {@Threei}  peter
01[15:34] {@Threei}  half out IWM
[15:34] {nemo} mmmhhh iwm just might pop
01[15:34] {@Threei}  stop to .74
01[15:34] {@Threei}  1:1
01[15:34] {@Threei}  by the book from here
[15:35] {nemo} Oh, was going back through material for the draft, Alex quoted Master Margarita in Truth
[15:35] {nemo} hadn't remembered that
01[15:35] {@Threei}  which part?
[15:36] {dino} no, missed it. was disgusted after watching the jets and turned tv off
[15:36] {nemo} about being mortal unexpectedly when he was sitting on the park bench
01[15:36] {@Threei}  :)
01[15:36] {@Threei}  famous quote
[15:36] {nemo} He had 5 incompletions Dino, 4 of them were drops
[15:37] {dino} wow. wish jets had him
[15:37] {dino} never happen
[15:37] {nemo} He hates the jets
[15:37] {nemo} Jets have become the new Bengals
[15:38] {dino} tough being a jet fan. to top it off i am penn state fan too, really tough year
[15:38] {nemo} Gronkowski scored 3 TDs, on one he just threw the defensive back aside
[15:39] {nemo} I think next week they lose though
[15:39] {RonS} hehe
[15:39] {nemo} my gun license is good in Denver
[15:39] {nemo} Ron
[15:39] {RonS} we got "make my day"...
[15:40] {nemo} movie theaters too
01[15:40] {@Threei}  ok IWM, let's do closing rally
[15:40] {RonS} ...and schools
[15:40] {nemo} yep
[15:40] {jfjf64} like it
[15:40] {jfjf64} lets go iwm
[15:41] {nemo} actually, if Pats can't make it to SB how can't you like Peyton and Elway
[15:41] {nemo} And the owner is such a good guy
[15:41] {dino} yes
[15:41] {nemo} poor guy
[15:41] {dino} payton unbelievable
[15:41] {nemo} Frankly, I like his acting too...funny bastard
[15:42] {jfjf64} hod
[15:42] {nemo} if they run it up tomorrow, probably sell the Fed news
[15:43] {jfjf64} you need shot vodka nemo
[15:43] {nemo} always
[15:43] {nemo} does a fish need water?
[15:43] {nemo} does Vad need typing lessons?
[15:44] {nemo} we should run into the close now
01[15:44] {@Threei}  1:2
01[15:44] {@Threei}  I don't need them
01[15:44] {@Threei}  you might need me taking typing lessons, but how is it my problem?
[15:44] {nemo} I didn't say it was a problem
[15:45] {nemo} It's like a house needing paint
01[15:45] {@Threei}  now he doesn't like my house curb appeal
01[15:45] {@Threei}  man... list of his grievances is getting really long
[15:45] {nemo} mmmhhhh....makes me think of curbing technique
[15:46] {nemo} not a grievance, statement of fact
[15:50] {jfjf64} good day vg
01[15:50] {@Threei}  yup, calm but positive
[15:51] {dino} calling it a day, good am, slow pm. thx all
[15:51] {jfjf64} yup
[15:51] {jfjf64} grinded it out
[15:51] {jfjf64} all good
01[15:51] {@Threei}  take care dino
[15:51] {dino} tel spike
[15:52] {Jenh} good night everyone! thanks for your help!
01[15:53] {@Threei}  ok guys, thank you all
01[15:53] {@Threei}  exiting IWM into this pressure
01[15:53] {@Threei}  have a great evening, see you tomorrow
01[15:54] {@Threei}  1:3
01[15:55] {@Threei}  good end to the day

Friday, October 24, 2014

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: The Heart of Earnings
Fri, 24 Oct 2014 16:13 PM EST

Global markets quieted down this week, allowing participants to focus on corporate earnings and economic fundamentals. There was a glimmer of hope in Europe, where German and Eurozone flash October manufacturing PMI data saw very modest improvement, while officials worked hard to back away from a big battle over France's flawed 2015 budget and discussed a potential €300 billion public investment plan. In the US, inflation continues to stubbornly avoid showing, with September CPI reading just about flat. The preliminary Markit October manufacturing PMI data was a bit soft, in a reading that missed expectations and saw its lowest level since July. Earnings season hit full stride with corporate reports mostly leading stocks higher, though some high profile names disappointed. For the week, the DJIA gained 2.6%, the S&P500 added 4.1% and the Nasdaq rocketed 5.3%, marking the best gains of the year for the broader indices.

A wave of enthusiasm spread over financial markets on Tuesday on press reports that the ECB could start buying corporate bonds to complement its ABS purchase program. The reports led some participants to believe that a more fleshed-out QE program was under consideration. Two ECB members, Nowotny and Coene, poured cold water on the stories saying the MPC had held no discussions on corporate bond purchases.

All was quiet on the Ebola front this week until Thursday afternoon, when New York City reported its first confirmed case of the disease. Dr. Craig Spencer was placed in isolation at New York's Bellevue Hospital days after returning from a volunteer stint in Guinea treating Ebola victims. Spencer had been self-monitoring, but had also spent a fair amount out on the town before starting to feel fatigued and feverish. Ebola treatment developers and sanitary equipment manufacturers had traded lower this week before the announcement as no new US cases were announced and people in Texas came out of quarantine, and the bounce higher and Thursday and Friday was not very robust.

Amazon and IBM reported some buggy quarterly results. Amazon was sent to the woodshed after reporting its biggest quarterly loss ever on Thursday afternoon. The reported loss was much steeper than projected, fourth-quarter guidance was weak and the company wrote down $170 million related to the company's Fire Phone, widely seen as a big flop. IBM missed top- and bottom-line expectations and cut its FY14 and FY15 forecasts, blaming a "new definition of calculating continuing operations." This was the tenth straight quarter of falling revenue. At the same time, IBM agreed to pay Globalfoundries $1.5 billion in cash to take its processor business off its hands.

Apple had stellar results in its third quarter. Earnings and revenue growth were impressive and above expectations, margins were strong and iPhone shipments were at the top end of market estimates. Note that Apple executives warned the strengthening USD is becoming a significant headwind. The company also launched its Apple Pay service on Monday at thousands of retail stores, with early reports suggesting only some minor glitches that Apple has promised to fix with a software update.

The DJIA's big junk food components, Coca-Cola and McDonalds, turned some unhealthy third quarter numbers. Coke met earnings expectations, gross margin was up a bit y/y, and global volumes looked good. However, the -1% volume decline in North America was a sign of trouble, and the firm warned that it would be below its long-term EPS growth target for 2014. McDonalds missed top- and bottom-line expectations, the declines in worldwide comps accelerated from Q2, and management warned October comps would remain in the red.

General Motors, Ford, and Caterpillar saw strong third-quarter results. Shares of Caterpillar posted solid gains after its numbers crushed expectations and it raised FY14 guidance. Gains in the firm's construction and energy equipment sales are seeing good growth, offsetting the steep declines in mining hardware. GM's third-quarter earnings rose 98% y/y, bolstered by strong North America and China results. Ford's profit was better than expected, however both sales and revenue declined on a y/y basis thanks to the impact of a big round of product launches.

Consumer name Proctor & Gamble cleaned up nicely as first quarter results met expectations, although revenue growth was limp. P&G also confirmed that it would check out of the Duracell business by creating a stand-alone company, possibly via a spin-off to shareholders. Analysts note that the unit has been on the block for years and the company has had a hard time generating interest in a sale. Competitor Colgate is looking tarnished after the firm warned FX issues cut deeply in the quarter and forced the firm to reduce its full-year guidance.

Coming into the week, the euro continued to move up off the two-year lows against the dollar seen in early October. EUR/USD traded as high as 1.2840 until the ECB corporate bond buying story on Tuesday turned the pair around. EUR/USD glided back down to the low 1.2600 handle on Thursday, when better October flash manufacturing PMI data for Germany and the Eurozone helped arrest the slide. GBP/USD held below key technical resistance in the 1.6210 area, which corresponded the summer downtrend line in the pair. The BoE minutes saw no changes, and speculation that they could be on the dovish side was brushed off as MCP would not have seen the ominous September CPI inflation data at the time of the meeting. GBP/USD had trouble retaking the 1.6100 handle.

China released the balance of its September economic data, which along with October HSBC flash manufacturing PMI were steady but uninspiring. The Q3 GDP reading of 7.3% was just above consensus but still a 5-year low. Industrial output beat estimates, but power generation growth sank below 5%. Both retail sales and fixed asset investment growth was in low double-digits, but still marked multi-year lows. The HSBC PMI hit a 3-month high, but the output subcomponent slowed to a 5-month lows. Finally, September housing price data further confirmed the slowdown in the property space, as y/y prices fell 1.1% after rising 0.5% in August. For the week, the Shanghai Composite was down 1.7% - a second consecutive losing week after an impressive 2-month rally.

Political maneuvering in Japan is bound to become more pronounced as the cabinet draws closer to the expected decision on the second round of consumption tax increase, particularly with the country's economic progress increasingly lagging. Japan confirmed its 27th consecutive month of trade deficit this week, while the government cut its economic assessment for the second straight month due to soft spots in consumption. Influential advisor to PM Abe, Etsuro Honda, recommended that the next round of sales tax hikes be delayed until 2017, however Finance Minister Aso countered that foregoing the tax hike would jeopardize global investment trust in Japan's fiscal state. Traders are anxiously awaiting the Bank of Japan policy decision next Friday, as it will be accompanied by the BOJ's semi-annual Outlook Report providing the latest forecasts for GDP and inflation. The BOJ may also justify some further monetary policy easing to offset any fiscal strain if the tax hike is in fact postponed.




Oct 24 2104

Another nice solid trading day with good gains. Got rinsed on one of the early trades and immediately switched to DKTK setups, to avoid the Wed type of a meat-grinder. It paid off nicely, with all kinds of winning trades ranging from scalps to 1:3ers.


Session Time: Fri Oct 24 00:00:00 2014
[09:04] {_petersh} gm
01[09:05] {@Threei}  peter :)
[09:15] {RonS} hello
01[09:16] {@Threei}  ron :)
[09:24] {troub} good morning
01[09:24] {@Threei}  troub :)
[09:26] {Jenh} good morning everyone!
01[09:26] {@Threei}  jen :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -VTAE +50% (positive top-line results for 2 studies of BACE inhibitor BI1181181/VTP-37948 for Alzheimer's treatment)
01[09:27] {@Threei}  -DRIV +48% (being acquired by Siris Capital for $26.00/shr)
01[09:27] {@Threei}  -APT +22% (Ebola momentum)
01[09:27] {@Threei}  -RUBI +18% (earnings)
01[09:27] {@Threei}  -GIMO +15% (earnings)
01[09:27] {@Threei}  -LAKE +15% (Ebola momentum)
01[09:27] {@Threei}  -MXWL +14% (announced development agreement with Corning to advance ultracapacitor technologies)
01[09:27] {@Threei}  -RP +11% (rumored to have been approached by possible buyers)
01[09:27] {@Threei}  -FLIR +10% (earnings)
01[09:27] {@Threei}  -KLAC +10% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -DRYS -25% (priced offering of 250M shares at $1.40/shr)
01[09:27] {@Threei}  -SYNA -11% (earnings)
01[09:27] {@Threei}  -AMZN -11% (earnings)
01[09:27] {@Threei}  -P 6.1% (earnings)
01[09:27] {@Threei}  -FLS -3.3% (earnings)
[09:29] {ese} gm
[09:29] {RonS} lol... This whole NY Ebola Dr. thing has made me reassess my assumption that bowling balls were one of the most sanitary objects anywhere.
[09:29] {ese} ?
[09:29] {RonS} the guy went bowling ese
01[09:29] {@Threei}  ese :)
[09:31] {ese} huh...go figure....didn t know that
01[09:32] {@Threei} Short Setup: DAL  .50 break
01[09:32] {@Threei}  If holds  .60
01[09:34] {@Threei} Long Setup:  FB  .80 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  Invalidated
01[09:36] {@Threei}  valid again
[09:37] {jfjf64} mornin
01[09:37] {@Threei}  jf :)
01[09:38] {@Threei}  hectic opening
01[09:38] {@Threei}  no clean plays yet
[09:39] {nemo} OP EX Ebola
01[09:40] {@Threei} Short Setup: TWTR  .80 break
01[09:40] {@Threei}  1:1
01[09:40] {@Threei}  a bit too fast
[09:40] {nemo} gone before I got there
[09:40] {jfjf64} me too
[09:41] {Jenh} me three. Wow that was fast!
[09:41] {nemo} happens
01[09:41] {@Threei} Long Setup:  FB  .80 break
01[09:41] {@Threei}  If holds  .70
[09:42] {dino} gm
01[09:42] {@Threei}  dino :)
01[09:42] {@Threei}  1:1
[09:42] {nemo} things are slippery
[09:43] {jfjf64} quick scalps
01[09:43] {@Threei}  they are covered with soap as anti-evbola measure
[09:43] {jfjf64} mkt cofussed
01[09:44] {@Threei} Long Setup:  DAL  .90 break
01[09:44] {@Threei}  If holds  .80
01[09:45] {@Threei}  valid
01[09:45] {@Threei}  not anymore
[09:45] {jfjf64} feels like wed
01[09:46] {@Threei} Long Setup:  VXX  .35 break
01[09:46] {@Threei}  If holds  .25
01[09:47] {@Threei}  1:1
01[09:50] {@Threei}  1:2
01[09:50] {@Threei}  1:3
01[09:51] {@Threei}  1:4, out
[09:51] {jfjf64} ty vg
01[09:51] {@Threei}  yw
[09:54] {nemo} any bets pin to 195 today?
01[09:55] {@Threei}  wow VXX, even 1:4 was too early exit
01[09:56] {@Threei} Long Setup:  DAL  .50 break
01[09:56] {@Threei}  If holds  .40
01[09:59] {@Threei}  no go
01[10:00] {@Threei}  *(US) SEPT NEW HOME SALES: 467K V 470KE
01[10:00] {@Threei}  rinse
01[10:02] {@Threei}  what's with sudden jerks
[10:03] {nemo} light volume easy to move
[10:05] {ese} wow ...sold 3 less homes this month.....not bad
06[10:06] * nemo clubs ese relentlessly with a zildjian gong
01[10:06] {@Threei}  something else behind this selling
01[10:06] {@Threei}  no news that I see
[10:06] {nemo} no more pomo, ebola, weekend
[10:06] {nemo} oh..and ese
[10:07] {ese} yes
01[10:07] {@Threei}  none of that happend in the last few minytes, and that's what I meant
01[10:07] {@Threei}  that was very elaborate rug pull
[10:07] {nemo} you must have spelled something wrong the algos misinterpreted
[10:09] {RonS} sm l lyb 90.23
[10:16] {ese} L some more mack avg .86
01[10:16] {@Threei} Long Setup:  IWM  .75 break
01[10:16] {@Threei}  If holds  .70
[10:16] {ese} .8637 to be exact......i know how you all are exacting type of people
01[10:17] {@Threei}  espeically nemo loves to exact
01[10:17] {@Threei}  1:1
[10:17] {ese} exactly
[10:17] {nemo} frickin' psuedo math teachers
01[10:17] {@Threei}  he considers his day wasted unless he exacts two-three times
01[10:18] {@Threei}  1:2
[10:18] {ese} i can understand that
[10:18] {nemo} must admit, I have little patience for linguistic folderol
01[10:18] {@Threei}  not too bad for 5 cents risk
01[10:18] {@Threei}  DKTK setup, btw
[10:18] {ese} mack baby!!!! just explode on up there
[10:19] {nemo} VXX
[10:19] {ese} you know you want too
01[10:19] {@Threei}  actual one was .85, so to avoid those Wed rinses I waited for pullback under support
06[10:19] * @Threei slaps jfjf64 around a bit with a banner Adapt or Die
[10:20] {ese} lol
[10:20] {jfjf64} lol
[10:20] {ese} been alot of slapin around thes last 8 years or so.....buts a good one
[10:20] {jfjf64} trade what ya see
[10:21] {nemo} what about after drinking and seeing double?
01[10:21] {@Threei}  trade that then
[10:22] {jfjf64} vxx
[10:23] {jfjf64} puul bk
[10:23] {ese} and ladies and gentleman......and now to accept the award for "Momentum Waiting To Happen"............is................and the winner is.................E  S   E.............crowd goes wild.....as ese accepts the award.....hopefully today
[10:23] {nemo} [10:19] {nemo} VXX
[10:23] {nemo} it did the vwap bounce
[10:23] {Jenh} lol
[10:23] {jfjf64} ya in
[10:23] {nemo} ese....
[10:23] {nemo} better get out that jacket with the really long sleeves
[10:24] {ese} ahhhh ya let me check see where I put that
[10:24] {ese} usuallly keep it handy
[10:24] {nemo} ask ur wife I'm sure she knows
01[10:24] {@Threei} Short Setup: FB  .40 break
01[10:24] {@Threei}  If holds  .50
[10:25] {ese} lol........nope....this is a hugely kept secret......ask vad........she has no idea what i'm doin
[10:25] {nemo} you're a coupla toms short of a drum kit
[10:25] {RonS} like it
[10:25] {nemo} ;-)
[10:26] {dino} lol
[10:26] {ese} rotflol........ok....that was good....i giggled on this side
[10:26] {nemo} c'mon at your age you're probably peeing your pants
[10:27] {nemo} reminds me, gotta' find bunny
[10:27] {ese} ho ho........and who died and made you lavatory king......over seer of all dumps......huh
01[10:28] {@Threei}  trail to .46
01[10:28] {@Threei}  time to die FB
01[10:28] {@Threei}  lose that .35
01[10:29] {@Threei}  and die
[10:29] {ese} break through .15 mack with some momo.....and this thing is gone
01[10:29] {@Threei}  good girl
01[10:30] {@Threei}  oh come on... couple cents to 1:1
01[10:31] {@Threei}  meh
[10:31] {ese} strangely quiet this mornig is dino........you know whats going to happen there eh?.......he going to explode with the 2 to 3 dollar profit on somethin
[10:31] {ese} AND!!!!!!!! speakin of profit.......MACK..........do it!
[10:32] {nemo} OP EX ese
[10:32] {RonS} out lyb 91.85 +1.62
[10:32] {ese} NICE !
[10:32] {Jenh} congrats!
[10:32] {RonS} they freakin beat...
01[10:34] {@Threei}  wtg
[10:34] {RonS} ty
[10:34] {nemo} too early
[10:34] {nemo} any bets it goes to pivot
[10:34] {RonS} sounds like my wife...
[10:35] {ese} lol
[10:35] {nemo} reminds me of a comedian shtick
[10:35] {ese} yeeeesssss?
[10:36] {nemo} "My girlfriend says I have a problem with PE....I have no problem with PE.  SHE has a problem with PE!
[10:36] {ese} don't get it
[10:36] {RonS} rotflol
[10:37] {nemo} sheesh
01[10:37] {@Threei}  "Any of your relatives suffer from mental disease?" - No, they all seem to enjoy it"
[10:37] {ese} rotflol
[10:37] {Jenh} lol
[10:37] {nemo} Just becaus you're paranoid doesn't mean someone isn't out to get you
[10:37] {ese} ba dap bap!!!
01[10:38] {@Threei} Long Setup:  IWM  .90 break
01[10:38] {@Threei}  If holds  .80
01[10:39] {@Threei}  Invalidated
[10:43] {jfjf64} nemo vxx banggin off ya vwap
01[10:44] {@Threei} Long Setup:  VXX  .10 break
01[10:44] {@Threei}  If holds  34
[10:44] {dino} if they can't break it, up we go
01[10:47] {@Threei}  1:1
[11:02] {ese} and THAT!!!!! ladies and gentleman concludes the "Momentum About to Happen" awrds for today......one more time....a big round of applause for E S E!!!!!!! lets hear it now.
[11:03] {Jenh} (hands clapping)
[11:03] {ese} thank you....thank you....thank you very much!
[11:03] {Jenh} thought there was an emoji for that but no
[11:03] {Jenh} congratulations!
01[11:03] {@Threei}  "today I want to thank all those without whom this success wouldn't..."
[11:03] {ese} if Elvis could only hear me now....he'd be so proud
[11:03] {ese} lol
[11:04] {nemo} I wish you were where Elvis could hear you
[11:04] {Jenh} (ouch)
[11:04] {nemo} Jen..he stuck his chin out, I had no choice
[11:04] {ese} whoa hoooooooo!!!!!........hmmmmmm don't get angry es.........get even (thinking silently to himself
[11:05] {nemo} ese, you've been saying that for six years
[11:05] {nemo} and saying it.....and saying it
[11:05] {nemo} poor ese...no Les
[11:05] {ese} ya well....ya well.......ya well.........one day.....pow!! right in the kisser
[11:05] {nemo} doubt it
[11:07] {ese} damn.....can't remember the comedian who said that
[11:07] {nemo} Jackie Gleason
01[11:07] {@Threei}  peter griffin
[11:07] {ese} oh ya
[11:07] {ese} nope....nemos got it Jackie Gleason
[11:08] {nemo} yeah, started with "Alice!  One of these days, "POW!"  Right to the Moon!
[11:08] {nemo} frickin' foreigners
[11:09] {nemo} VXX
01[11:14] {@Threei} Short Setup: IWM  .50 break
01[11:14] {@Threei}  If holds  .60
01[11:18] {@Threei}  Invalidated
[11:20] {nemo} spy touched bottom of swing low trendline
01[11:21] {@Threei}  IWM is interestingly weaker than SPY
[11:22] {jfjf64} weird
[11:22] {jfjf64} whats that mean
01[11:22] {@Threei}  small caps weakness
[11:22] {jfjf64} lol
[11:24] {jfjf64} yhoo following spy
[11:24] {nemo} ese is following spy?
[11:24] {nemo} I miss Les
[11:26] {ese} yes
[11:27] {nemo} spy looks short just don't know how far
[11:28] {jfjf64} vxx
[11:28] {ese} would say yes to that.......if it doesn't get to 196.2....it's a headin down
[11:44] {nemo} like VXX break of .45
[11:44] {nemo} ?
01[11:44] {@Threei}  not sure
01[11:44] {@Threei}  50/50
[11:45] {nemo} oh jeez, not even lunch time
[11:45] {nemo} sheesh
[11:45] {nemo} nevermind
[11:45] {nemo} that'll be later
[11:47] {nemo} damn
01[11:50] {@Threei}  Markets are choppy this morning as traders digest the New York City Ebola scare, EU bank stress test results and tons of major earnings reports. Note that comments by ECB President Draghi at the EU Leader Summit in Brussels seem to have helped lift US equities out of the red mid morning.
01[11:50] {@Threei}  US new home sales rose to a six-year high in September, according to the report out this morning. The August sales - the prior six-year high - were revised much lower, down to 466K from 504K prior. Prices continue to fall.
01[11:50] {@Threei}  Press reports out in the US premarket suggested that 25 banks out of 130 reviewed would fail ECB capital stress tests. More importantly, only 10 of them still face capital shortfalls. The latter group are talking with the ECB on how they plan to ameliorate the situation. This figure is slightly lower than reports out earlier this week.
[11:54] {RonS} Ebola To Do List:
[11:54] {RonS} Avoid People.
[11:54] {RonS} Check for Fever.
[11:54] {RonS} Ride L Train.
[11:54] {RonS} Bowl.
01[11:54] {@Threei}  lol
[11:55] {nemo} shit VXX
[11:57] {jfjf64} ty
01[12:00] {@Threei}  (GR) Greece PM Samaras: no final decisions made yet on Greek exit from troika program- Talked with ECB Pres Draghi during the EU Summit today
[12:02] {RonS} thinkin they should study Homer... he detailed how the Greeks exited a troika program...
[12:03] {jfjf64} iwm ?
01[12:03] {@Threei} Long Setup:  IWM  .85 break
01[12:03] {@Threei}  If holds  .75
[12:04] {jfjf64} that was quick yes
[12:04] {ese} have a great weekend all...cya next week...
01[12:04] {@Threei}  take care ese
[12:04] {jfjf64} enjoy ese
[12:04] {RonS} cya ese
[12:05] {Jenh} bye ese!
[12:05] {jfjf64} mack the knife
[12:06] {Jenh} wow. still quick jumps with IWM
[12:09] {jfjf64} common alice
01[12:15] {@Threei}  1:2
[12:16] {dino} baba rockin
[12:17] {jfjf64} yee haa
[12:17] {dino} calls working nicely
[12:28] {RonS} Ottawa gunman applied to renew his Libyan passport before shooting but was denied
[12:58] {nemo} SPY holding that trend line
01[13:10] {@Threei} Long Setup:  VXX  .20 break
01[13:10] {@Threei}  If holds  .10
01[13:32] {@Threei} Long Setup:  GM  .26
01[13:32] {@Threei}  If holds  .20
01[13:51] {@Threei}  wow, GM slowed down even more than its cars
01[13:52] {@Threei}  watching IWM for pullback entry
01[13:52] {@Threei}  around .90
[13:54] {nemo} VXX
01[14:00] {@Threei}  in IWM .91
01[14:00] {@Threei}  stop .84
01[14:00] {@Threei}  lunch time, keeping stops really tight
[14:00] {nemo} it's 2:00 dude
01[14:00] {@Threei}  market lunch time is 3 hours
01[14:01] {@Threei}  from 11 to 2
01[14:01] {@Threei}  then from 2 to 3 is digestion time
01[14:01] {@Threei}  and from 3 to 4 trading again
01[14:01] {@Threei}  dude
[14:01] {nemo} OP EX Friday dude
01[14:02] {@Threei}  that actually works for my point, not yours... dude
[14:02] {nemo} the dude abides
01[14:03] {@Threei}  https://www.youtube.com/watch?v=pWdd6_ZxX8c
[14:03] {nemo} we need help Vad, we think alike
01[14:04] {@Threei}  I don't know about you but I am beyond help I am afraid
[14:04] {nemo} At least you don't own guns
01[14:04] {@Threei}  save yourself if you think you still have a chance
[14:04] {nemo} I'm trying the vodka cure
[14:05] {nemo} maybe an exorcist?
01[14:06] {@Threei}  thanks, I am staight
01[14:08] {@Threei}  market is locked in narrow range
01[14:08] {@Threei}  BBs tighten, but to tell which way it breaks is... anyone's guess
01[14:08] {@Threei}  up
01[14:09] {@Threei} Long Setup:  FB  .80 break
[14:09] {nemo} they have to go for the 50 day probably, if no weekend bad news we gap above on Monday
01[14:09] {@Threei}  If holds  .70
01[14:09] {@Threei}  a lot can happen over this weekend... EY stress test results, Brazil and Ukraine elections
[14:11] {nemo} oh jeez, I'm only 20% through assembling the rough draft and I'm already up to Pg 167
[14:13] {nemo} SPY backtesting the trendline
[14:15] {nemo} you mean EU?
01[14:16] {@Threei}  yeah
01[14:16] {@Threei}  break that .85 already FB
[14:16] {nemo} oh thank GOd, the Honey Boo Boo show was cancelled
01[14:16] {@Threei}  who?
[14:17] {nemo} frickin' reality show down here that epitomizes the Least Common Denominator principle for troglydites
01[14:17] {@Threei}  ok... lol
[14:17] {nemo} Seeing that makes you wonder why God doesn't go all Noah's Ark on us again
01[14:18] {@Threei}  not really... if he didn't do that after jerry springer, he never will
[14:18] {nemo} I think it has cosmological implications as to whether all humans actually have souls
[14:18] {nemo} no...sooner or later He'll get pissed off
[14:19] {nemo} things just pile up after awhile, and some little thing will set him off and POOF....Apocalypse!
[14:19] {nemo} sheesh...and to think, I'm sober
[14:20] {nemo} watch....
[14:20] {nemo} with our luck ese will survive
01[14:23] {@Threei}  1:1
[14:24] {jfjf64} what ya in
[14:24] {jfjf64} just got back
[14:24] {nemo} FB DB
01[14:24] {@Threei}  FB, jf
01[14:27] {@Threei}  1:2
01[14:27] {@Threei}  (close enough)
[14:27] {nemo} wow, volume getting low
01[14:27] {@Threei}  good boy FB
01[14:28] {@Threei}  give us 1:3 and I'll be happy
01[14:28] {@Threei}  happier
01[14:42] {@Threei}  1:3
01[14:43] {@Threei}  I am out
[14:44] {jfjf64} nice wk
[14:45] {jfjf64} logix update good scrool button
01[14:45] {@Threei}  where?
[14:46] {jfjf64} up top chart star
[14:46] {jfjf64} rihjt corner
[14:46] {jfjf64} did you update
[14:46] {nemo} you were late today, yes JF?
[14:46] {nemo} they must have issued it this morning
[14:47] {nemo} they fixed the sort functions in the gainer/loser watchlists
01[14:59] {@Threei}  what is the new version #?
[14:59] {nemo} probably 96
01[14:59] {@Threei}  I am on 95
[14:59] {jfjf64} 96
[14:59] {jfjf64} who r you
[14:59] {nemo} told ya'
[15:00] {nemo} http://jblom.peskyscalper.com/index.php/downloads
06[15:05] * @Threei slaps Chaeron around a bit with a greeting banner
[15:05] {nemo} give him two coins
[15:05] {RonS} lol
[15:05] {nemo} bunny showed up
01[15:06] {@Threei}  no coins, I better refuse to pay and stay on this shore
[15:06] {Chaeron} hi guys! Didn't want to interrupt... just saying hi to all. seeing the markets swinging like crazy these days and thinking of you all making tons of $
01[15:06] {@Threei}  hey Chaeron :)
01[15:06] {@Threei}  guessed right, this shaped up as the best trading month of the year
[15:06] {Chaeron} give me two coins and I'll trade them to a boatload... pardon the pun
01[15:07] {@Threei}  today is kind of quiet, but the month was fantastic
[15:07] {nemo} if spy gonna come in shoulb be now
[15:07] {Chaeron} great to hear. great job guys
01[15:07] {@Threei}  jf for instance manages to make money just pushing random buttons on random stocks
01[15:08] {@Threei}  with his eyes closed
[15:08] {nemo} back to simians writing Shakespeare
[15:08] {Chaeron} lol
[15:08] {nemo} then again, we don't know who wrote Shakespeare
01[15:08] {@Threei}  simians
01[15:09] {@Threei}  and two australopiteks
[15:10] {nemo} you mean australopithecus?
01[15:10] {@Threei}  something like that
[15:10] {nemo} I think Les was their ancestor
[15:11] {nemo} think SSO drop of .20 is playable
[15:11] {nemo} nevermind
[15:12] {nemo} it came back
01[15:14] {@Threei}  looks like VXX time but wasnt pullback
01[15:16] {@Threei} Long Setup:  VXX  .90 break
01[15:16] {@Threei}  If holds  .80
01[15:16] {@Threei}  that was fast
01[15:16] {@Threei}  anyone got it?
[15:16] {Jenh} no. tried
01[15:18] {@Threei}  valid again but this time with .84 stop
01[15:19] {@Threei}  1:1
01[15:20] {@Threei}  was obtainable this time
01[15:21] {@Threei}  trade by the book
01[15:22] {@Threei}  .89 stop for the balance
01[15:23] {@Threei} Long Setup:  IWM  .90 break
01[15:23] {@Threei}  If holds  .85
01[15:26] {@Threei}  SPY looks to me breakoutish
01[15:26] {@Threei}  and rallyish into eod
[15:26] {nemo} too funny it's looking short at the moment to me
[15:26] {nemo} finnies and iwm same setup
[15:27] {jfjf64} honeymooners here comon
[15:28] {Jenh} since it keeps pausing are you trailing the stop up
[15:28] {Jenh} still learning so i apologize if this is really basic
01[15:29] {@Threei}  not until it reaches 1:1
01[15:29] {@Threei}  1:1
[15:29] {Jenh} oh ok thanks
01[15:30] {@Threei}  now with half out stop of course is at .89
01[15:30] {@Threei}  standard operating procedure
[15:30] {Jenh} ok
01[15:31] {@Threei}  helps avoid thinking... thinking causes severe migraines, so it's a good thing
[15:31] {Jenh} i completely agree thanks
01[15:31] {@Threei}  also, there is this eternal nemo recipe to do thinking while standing up... and I hate it
01[15:32] {@Threei}  for some reason he thinks it increases blood flow to the brain
[15:32] {Jenh} :)
[15:33] {jfjf64} good week all ty vg
[15:33] {jfjf64} see monday
01[15:33] {@Threei}  take care jf
[15:33] {Jenh} have a great weekend jf!
[15:33] {jfjf64} u to jh
[15:33] {jfjf64} ty
01[15:34] {@Threei}  run IWM run
01[15:34] {@Threei}  let's do that rally and prove nemo wrrrrong
01[15:35] {@Threei}  1:2
[15:39] {Jenh} I'm out. +.12!
[15:39] {Jenh} thank you 3i!
01[15:39] {@Threei}  yw :)
01[15:42] {@Threei}  here comes test of the high
[15:43] {nemo} formed that dobulbe bottom on 196
01[15:44] {@Threei}  with all the weekend concers, selloff into eod was so obvious that martket just had to do the opposite and punish those who trade what they think
01[15:44] {@Threei}  ultimate "trade what you see"
06[15:44] * @Threei forcefully pats himself on the back, dislocates his shoulder and goes back to his corner
01[15:47] {@Threei}  1:3  IWM  close enough
01[15:47] {@Threei}  I am out
01[15:48] {@Threei}  ecked out pretty good day
[15:48] {Chaeron} you're just doing it so effortlessly to tease me back
01[15:48] {@Threei}  that's what I do... effortless tease people :)
01[15:48] {@Threei}  +ly
01[15:49] {@Threei}  too bad you haven't popped in three weeks ago
01[15:49] {@Threei}  you'd see some real fireworks, this today is just another day in the office
01[15:50] {@Threei}  so guys, have a great relaxing weekend, see you all on Monday
[15:51] {Jenh} u too. thank you! see you monday!
01[15:51] {@Threei}  unless earth opens and swallows Brazil or something
[15:52] {Jenh} :) hopefully we'll still be here. bye!

Thursday, October 23, 2014

Oct 23 2014

Very solid day with wins making it very worth our while. Plenty of plays on both sides and of all sizes.
___________________________________________
Close Market Snapshot
Thu, 23 Oct 2014 15:50 PM EST

US Indices:
- Dow Jones +1.4%
- S&P500 +1.4%
- Nasdaq +1.7%

- Indices are up sharply headed into the close, albeit off their midday highs, after a final hour scare of reported "Ebola in NYC". Industrials and Healthcare names are leading the charge, while defensive Consumer Goods and Utilities lag. TSCO, ORLY, CELG, UNP, and CAT are all up over 5%, helped by their strong respective earnings. TMK, CTXS, and LUV are down over 4% in the wake of their quarterly update.

Fixed-Income: Treasuries selloff is even most pronounced relative to its week-long trend, with the yield on the benchmark rising 5bps to its highest level since Oct 14th. 2-10 spread has also widened 3bps as markets look increasingly past last week's seizure ahead to next week's Fed decision.

- US 2-yr: +2bps at 0.39%
- 10-yr: +5bps at 2.28%
- 30-yr: +4bps at 3.04%
- 2-10 spread: +0.3% at 1.89%

Energy:
- WTI Dec crude oil $82.05; Crude Oil has erased nearly all of its overnight decline on broad-based risk on flows. The rally is somewhat constrained by overnight report that Saudi Arabia raised production in September to 9.70M bpd from 9.60M in August.

Metals:
- Spot Gold $1,231/oz; Precious metals are down for the 2nd straight day, tracking higher USD responding to higher Treasury yields. $1,226 US session low was a 1-week low.
- Spot Silver $17.20/oz; Early US session low of $17.05 was also a 1-week low.
- Dec Copper $3.04/lb; Copper broke above $3.05 in early trade, a 1-week high.

Key Earnings at the close:
- ALTR, AMZN, DECK, FLS, IM, JNPR, KLAC, MSFT, SYNA, VMI

Looking ahead to Asia session:
- New Zealand Trade Balance 17:45ET
- South Korea GDP 19:00ET
- China Property Prices 21:30ET

TradeTheNews.com 


Session Time: Thu Oct 23 00:00:00 2014
[09:13] {dino} gm
01[09:14] {@Threei}  dino :)
03[09:14] * Retrieving #discussions modes...
[09:17] {RonS} hi guys
01[09:17] {@Threei}  ron :)
01[09:18] {@Threei}  sheesh
01[09:19] {@Threei}  while PM was laying wreath at the spot where guard was killed yesterday, a man tried to cross the barriers and was arrested on the spot
[09:19] {troub} good morning
01[09:19] {@Threei}  troub :)
01[09:20] {@Threei}  PM didn't mince words yesterday. No "workplace violence" nonsense
[09:20] {nemo} that's a good slap at the PC US
[09:22] {Jenh} good morning everyone!
01[09:22] {@Threei}  jen :)
[09:22] {nemo} I love the Ferguson stuff down here..Forensic evidence supports the cop story as well as eyewitnesses but they're gonna' burn the city down
[09:23] {cosmo} they must hate themselves for some reason....
[09:24] {nemo} as we say:  humans are emotional beings with the potential for rationality
01[09:25] {@Threei}  very rarely realized potential
[09:25] {dino} nemo, was reading that, the kid tried to get his gun
[09:26] {nemo} yeah, and the story is supported by witnesses...never let facts get in the way...then again all I know is what I read
[09:26] {nemo} As the little Colonel said, "History is merely a fantasy upon which we all agree."
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -CYTX +50% (FDA approves resumption of ATHENA trial enrollment)
01[09:27] {@Threei}  -BRP +21% (BAM proposes to acquire remaining 30% of the company for $23/shr)
01[09:27] {@Threei}  -INFN +15% (earnings)
01[09:27] {@Threei}  -JAKK +13% (earnings)
01[09:27] {@Threei}  -SCSS +12.5% (earnings)
01[09:27] {@Threei}  -EGHT +12% (earnings)
01[09:27] {@Threei}  -TSCO +11% (earnings)
01[09:27] {@Threei}  -DAN +10.3% (earnings)
01[09:27] {@Threei}  -CQB +8% (Cutrale Safra Group again raises offer, now $14.50/shr)
01[09:27] {@Threei}  -LOGI +7% (earnings)
01[09:27] {@Threei}  -NOK +7% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -AIRM -22% (Q3 guidance substantially below estimates)
01[09:27] {@Threei}  -CAB -13% (earnings)
01[09:27] {@Threei}  -YELP -12.5% (earnings)
01[09:27] {@Threei}  -IPCM -11% (earnings)
01[09:27] {@Threei}  -CTXS -6.3% (earnings)
01[09:27] {@Threei}  -DNKN -5% (earnings)
01[09:27] {@Threei}  -UA -5% (earnings)
01[09:27] {@Threei}  -CAKE -4.4% (earnings)
01[09:27] {@Threei}  -BBD -4.3% (Brazilian poll/election news)
01[09:27] {@Threei}  -PBR -4% (Brazilian poll/election news)
[09:29] {_petersh} gm
01[09:30] {@Threei}  peter :)
[09:30] {jfjf64} morning all
01[09:30] {@Threei}  jf :)
[09:31] {jfjf64} rcl whacked
01[09:31] {@Threei}  UAL too
[09:32] {ese} gm
01[09:32] {@Threei} Short Setup: DAL  .80 break
01[09:32] {@Threei}  ese :)
[09:32] {nemo} spy trying yesterday's high
[09:32] {cosmo} CAT came back....
01[09:32] {@Threei}  If holds  .90
[09:33] {jfjf64} needs to settle in
01[09:34] {@Threei}  invalidated right after the cal, let's see if bounces for double top
01[09:35] {@Threei}  doesn't look right
01[09:35] {@Threei} Long Setup:  CCL  .55 break
01[09:35] {@Threei}  If holds  .45
01[09:36] {@Threei}  change to .50 break
01[09:36] {@Threei}  If holds  .40
01[09:36] {@Threei}  Invalidated
[09:36] {jfjf64} hmm
[09:37] {Jenh} you guys are starting early
01[09:37] {@Threei} Long Setup:  FB  .25 break
[09:37] {nemo} drinking?
01[09:37] {@Threei}  not earlier than market starts :)
[09:38] {Jenh} ha!
01[09:38] {@Threei}  If holds  .15
01[09:39] {@Threei}  1:1
01[09:40] {@Threei}  1:2
[09:41] {jfjf64} +.19 ty vg
01[09:41] {@Threei}  yw
01[09:43] {@Threei} Long Setup:  CCL  .40 break
01[09:43] {@Threei}  If holds  .30
01[09:44] {@Threei}  1:1
01[09:44] {@Threei}  moved to 1:1 in one quick smooth sail, just as we like it
01[09:45] {@Threei}  no this 'ak, I might be stopping you out... or I might not" nonsense
[09:45] {Jenh} +.10! ty
01[09:45] {@Threei}  yw :)
01[09:45] {@Threei}  *(US) OCT PRELIMINARY MARKIT MANUFACTURING PMI: 56.2 V 57.0E
01[09:50] {@Threei}  1/4 more out
01[09:50] {@Threei}  stop to .44
01[09:52] {@Threei} Long Setup:  VXX  .75 break
01[09:52] {@Threei}  that was fast
[09:53] {jfjf64} ya think
01[09:53] {@Threei}  I don't
01[09:53] {@Threei}  ever
01[09:53] {@Threei}  I tried once, migraine was horrible
[09:54] {jfjf64} lol
01[10:00] {@Threei}  *(US) SEPT LEADING INDEX: 0.8% V 0.7%E
[10:00] {RonS} jakk l .28
[10:02] {RonS} out jakk flat
01[10:02] {@Threei} Long Setup:  IWM  .25 break
01[10:02] {@Threei}  If holds  .15
01[10:04] {@Threei}  1:1
01[10:06] {@Threei}  1:2
01[10:09] {@Threei}  1:3
[10:13] {nemo} lotsa green not much index price improvement
01[10:14] {@Threei}  1:4
01[10:14] {@Threei}  out
[10:17] {ese} ok...lookin for advice here on a price target......want to sense of how far rdnt might go here...i'm thinkin 10.00....can anyone else give me an estimate based on it's daily
[10:18] {ese} still have a 1/2 lot to go with it and am up $1.10 approx so far
[10:18] {jfjf64} vg ty iwm,ccl
01[10:18] {@Threei}  yw
[10:18] {jfjf64} rcl looks  lower
01[10:18] {@Threei}  ese, just trail your stop and let it trade... targets are very fickle thing
[10:18] {Jenh} congrats!
01[10:18] {@Threei}  especially with rodents
[10:19] {ese} ok...don't do many trades like this anymore.....what kind of trailing stop would you recoment vad
[10:19] {ese} recommend
[10:19] {RonS} measure move from the $8 break and pullback then re-capture shows (.76 prox
[10:19] {RonS} 9.76
01[10:20] {@Threei}  around 7.50 right now, with just under 8 next trail, after it makes new high or ends the day around here
[10:20] {ese} cool tks ron
01[10:20] {@Threei}  watch where it bottoms out if it pullsa back, then trail to under that low
01[10:21] {@Threei}  if it spikes vertically, start tightening the stop
[10:27] {ese} L some more mack avg .71
[10:28] {jfjf64} ual lookin for pullbk
[10:37] {ese} when they say "the grass looks greener on the other side".....i'd have to respectfully disagree at this point ....the sea of profit green on trading screen right now is rather nice to look at
01[10:37] {@Threei} Long Setup:  VXX  .40 break
01[10:37] {@Threei}  If holds  .30
[10:38] {ese} no no no !!!don't encourage that..... that will not make my sea of green look very nice......Ive always hated a red color
[10:39] {nemo} strange for a communist
[10:39] {ese} lol
[10:39] {nemo} could make an argument for aapl .80 break
01[10:40] {@Threei}  1:1
[10:48] {jfjf64} 80.00 fb
[10:48] {Jenh} darn vxx
01[10:49] {@Threei}  ?
01[10:50] {@Threei}  it hit 1:1, you partial and trail to breakeven
[10:50] {Jenh} fb? or me?
01[10:50] {@Threei}  VXX
[10:50] {Jenh} oh didn't get that
01[10:50] {@Threei}  whatever happens, you are profitable
[10:50] {Jenh} got stopped out
[10:50] {Jenh} ah didn't do that
[10:50] {Jenh} still learning
[10:51] {Jenh} small tuition fee for this trade
01[10:51] {@Threei}  this is standard operating procedure
01[10:51] {@Threei}  remember instructions on trading room page?
[10:51] {Jenh} so once it hits 1:1 you take half out?
[10:51] {nemo} he does
[10:51] {Jenh} sorry no. there are instructions?
01[10:51] {@Threei}  please read: http://www.realitytrader.com/tradingroom/#instructions
01[10:52] {@Threei}  that's what all these 1:1, 1:2 etc are for
[10:52] {Jenh} thanks
01[10:52] {@Threei}  they instruct you how to manage the trade
[10:52] {Jenh} wow. didn't get that
[10:52] {nemo} and not to play with ese
[10:52] {Jenh} i thought they were just scores of how well the trade is doing
[10:52] {Jenh} ok thanks. little embarrassed now
[10:52] {Jenh} will read the instructions immediately
[10:53] {jfjf64} jen ya drinkin
[10:53] {nemo} well, they're guidelines
[10:53] {nemo} jf...you're projecting
[10:53] {jfjf64} lol
[10:53] {Jenh} true. still better than my guideline :)
[10:53] {jfjf64} define who you r
[10:54] {Jenh} who i am?
[10:54] {Jenh} a newbie obviously :)
[10:54] {nemo} cogito ergo sum
01[10:57] {@Threei}  World Health Organization (WHO) issues update on Ebola outbreak; now somewhat comfortable that the virus is not being transmitted to the neighboring countries to Guinea, Sierra Leone, and Liberia
01[10:57] {@Threei}  jen, I'd recommend to look closely at 111 Trades
01[10:57] {@Threei}  this is a single course that will clear up a lot of things for you
[10:58] {Jenh} ok will look into that too. thanks
[11:02] {nemo} VXX
[11:03] {nemo} .15 break
[11:03] {nemo} looks possible
[11:05] {ese} ok....nemo ....I just saw that comment to jenh about not playing with ese.....listen here Buddy!!!!!!!!!  I represent that remark ehhhh
[11:06] {nemo} math teachers
[11:06] {nemo} mercurial drummmer...nice musicians let you hang out with them, huh?
[11:07] {ese} they might......why....what's it to ya ehhhhhhh?
[11:07] {ese} whoa.....rdnt.........nice...do your thing
[11:07] {nemo} need to rebalance your meds dude
01[11:08] {@Threei}  nah, just add vodka
[11:08] {ese} lol
[11:08] {ese} your the one sellin em to me.........sheesh
[11:10] {ese} hey jenh........just because i like to be inclusive with everyone and treat everyone fairly.......i get labeled a communist.......man!  can't win for tryin here
01[11:11] {@Threei}  ignore them ese. I for one enjoyed very much that crop of communist apples from your backyard
[11:11] {nemo} fair is a subjective term
[11:11] {Jenh} aww that's sad ese
[11:11] {nemo} some are more equal than others
[11:11] {Jenh} don't let them change ya
[11:11] {ese} ouch!!!!! ouch!!!!!!.......cut to the heart.......
[11:11] {nemo} VXX setting up inverted head and shoulders
[11:12] {nemo} better than kicking you in the butt...that would cause brain damage
[11:12] {nemo} nope
[11:12] {ese} ho ho ho.......just because your playing with an unloaded gun........
[11:13] {RonS} perseveration strikes
[11:13] {nemo} they're never unloaded
01[11:14] {@Threei}  take a look guys:
01[11:14] {@Threei}  http://www.cbc.ca/news/canada/new-brunswick/ottawa-shooting-miramichi-very-proud-of-kevin-vickers-1.2809944
01[11:14] {@Threei}  can you believe this is the guy who shot the attacker yesterday?
01[11:15] {@Threei}  family lives here in Victoria
[11:17] {ese} Well....ladies(nemo) and gents gotta go....things to do...preping for a show this weekend " The Masquerade Ball" here in Victoria    http://victoriaball.com/    
[11:17] {ese} Vad maybe see you there.....your already dressed up for it
01[11:17] {@Threei}  lol
[11:17] {ese} ba dap bap!
01[11:17] {@Threei}  not a first time I am told to take off the gas mask...
[11:18] {ese} rotflol
01[11:18] {@Threei}  followed by embarassed "oh sorry, that's your actual face"
01[11:18] {@Threei}  only in ese case, embarassment is fake
[11:18] {ese} you said it not me........and bring your co hort in crime......nemo.....i gotta hunch he's dressed for it as well
[11:19] {ese} c ya
01[11:19] {@Threei}  take care ese
[11:20] {Jenh} 3i just got the 111 course. is there any thing else you would recommend for me
[11:20] {Jenh} bye ese!
01[11:21] {@Threei}  this one will keep you busy for a while
[11:21] {Jenh} oh dear. ok. will start tonight.
01[11:21] {@Threei}  let's go step by step
[11:21] {Jenh} thank you
01[11:21] {@Threei}  no need to accumulate a mountain of material at once :)
01[11:22] {@Threei}  it's difficult for me to rank my books and courses, they are all like kids
[11:22] {Jenh} that's definitely good news.
01[11:22] {@Threei}  but this one is kind of shortcut
[11:22] {Jenh} oh ok. thanks.
01[11:23] {@Threei}  when you need to get up to speed in a hurry, this is the one
[11:23] {Jenh} i will treat this kid kindly and learn as much as i can :)
[11:23] {Jenh} awesome!
01[11:23] {@Threei}  if and when you can identify difficulties you have with various aspects, some of other might come handy,
01[11:24] {@Threei}  although Techniques of tape Reading is always good for putting many things together
01[11:24] {@Threei}  and cheap
[11:24] {Jenh} oh ok.
[11:24] {Jenh} will get that next
[11:27] {nemo} great for insomnia
01[11:28] {@Threei} Long Setup:  VXX  .10 break
06[11:28] * @Threei slaps nemo around a bit with a large book of Techniques of Tape Reading
01[11:28] {@Threei}  If holds  33
06[11:28] * nemo slaps Vad around with a large copy of A Taoist Trader
01[11:29] {@Threei}  crap... he has the same script, lol
01[11:29] {@Threei}  1:2
01[11:29] {@Threei}  1:1
01[11:29] {@Threei}  sorry
01[11:29] {@Threei}  practicing for the next 10 cents :)
01[11:38] {@Threei}  1:2
01[11:38] {@Threei}  1:3
[11:39] {jfjf64} spot on jf thanks nemo and vg
[11:39] {jfjf64} vg more though
01[11:39] {@Threei}  sorry, what des nemo get credits for??
[11:39] {nemo} moral support
01[11:39] {@Threei}  lol
[11:40] {Jenh} still getting used to new guideline but made up loss!
[11:40] {Jenh} thanks 3i!
01[11:40] {@Threei}  yw :)
01[11:40] {@Threei}  this is something to which I, in wilder years of my youth,I used to answer: There is nothing moral in my support
[11:41] {nemo} sure there is, just depends on your definition of morality
[12:04] {dino} .
[12:07] {dino}  miss much?
01[12:08] {@Threei}  not much but decent day
[12:14] {dino} r.e. distractions
01[12:16] {@Threei}  that's how one hobo explained to me once his decision to live on the street
[12:16] {dino} lol. foreclosures springing up like crazy here, the last two months. looked at two more this morning
01[12:19] {@Threei}  sigh... no one but dino values my sense of humor... and I thought it was pretty funny
06[12:19] * @Threei slaps nemo around a bit with a very funny remark
[12:19] {dino} after, what 6+years, it starts to grow on you
01[12:19] {@Threei}  hehe
01[12:20] {@Threei}  sorry... can't be a good thing, I know
[12:30] {nemo} mmmhhh, might be the top here
01[13:05] {@Threei} Long Setup:  IWM  .90 break
01[13:05] {@Threei}  If holds  .80
01[13:07] {@Threei}  1:1
[13:07] {nemo} what I miss, power outage
01[13:07] {@Threei}  nothing, just got IWM at .90
01[13:07] {@Threei}  other than that, quiet
[13:10] {nemo} I'd go short
01[13:17] {@Threei}  let us get 1:2 first
[13:18] {jfjf64} yes pls
[13:18] {nemo} not up to me
01[13:30] {@Threei}  1:2
[13:31] {jfjf64} ty vg not nemo
[13:31] {jfjf64} lol
01[13:31] {@Threei}  lol
01[13:32] {@Threei}  1:3
[13:32] {jfjf64} good day on gap up
01[13:32] {@Threei}  good read 3i
01[13:32] {@Threei}  why thank you 3i
[13:32] {nemo} oh jeez, he hurt his shoulder again
01[13:32] {@Threei}  ugh... yeah, dislocated it in severe self-backpatting
[13:33] {nemo} don't tell them how you broke your thumb
01[13:33] {@Threei}  can I tell how I determined what toe is?
[13:33] {nemo} If you must
01[13:33] {@Threei}  device for locating the furniture in extreme low light condition
[13:34] {nemo} Oh, that's how I found a 35 lb. dumbell once
[13:34] {Jenh} lol
[14:00] {nemo} mmmm... spy sneaking up to resistance again
[14:07] {nathan} g a all
[14:08] {dino} nat
[14:08] {nathan} whats up dino!
01[14:13] {@Threei}  hey nathan
01[14:16] {@Threei}  wow IWM
01[14:16] {@Threei}  should have kept some eh?
[14:16] {dino} sidetrack day nathan
[14:16] {jfjf64} wish
01[14:16] {@Threei}  solid day here
[14:16] {jfjf64} all win
[14:17] {jfjf64} did I thank you for iwm play
01[14:17] {@Threei}  no
01[14:17] {@Threei}  no one did
01[14:17] {@Threei}  sniff sniff
01[14:18] {@Threei}  thankless job of mine
[14:18] {jfjf64} yes I did 13.32 time
01[14:18] {@Threei}  unsang hero of intraday markets
[14:18] {jfjf64} take a bow
01[14:19] {@Threei}  13:32 doesn't count, my memory goes back 21 seconds
[14:19] {jfjf64} vxx takin
01[14:19] {@Threei}  moth and fish fight for the right to have less memory span than I do
[14:19] {jfjf64} same here
01[14:19] {@Threei}  sorry, who are you?
[14:20] {jfjf64} jf lauugfin as eatin salad
[14:20] {jfjf64} blue cheese on desk
[14:40] {jfjf64} twtr getting smashed
[14:51] {jfjf64} any body there
01[14:51] {@Threei}  nope
[14:51] {jfjf64} k
01[14:52] {@Threei} Short Setup: TWTR  .40 break
01[14:52] {@Threei}  If holds  .50
01[14:54] {@Threei}  1:1
[14:54] {jfjf64} wow
[14:54] {nathan} wow
01[14:54] {@Threei}  (US) Reportedly a doctor is being placed in isolation at Bellevue Hospital in New York City with Ebola-like symptoms; doctor recently returned from Africa, treated Ebola patients - New York Post "A doctor who returned to New York City from Africa 10 days ago was rushed in an ambulance with a police escort from his Harlem home to Bellevue Hospital. While he was in Africa, the doctor had been treating Ebola patients in Guinea."
[14:55] {jfjf64} what a mess
[14:58] {jfjf64} we going down we going timber
[14:58] {jfjf64} literally
[14:59] {RonS} lol... did someone yell Ebola in a crowded trade?
01[14:59] {@Threei}  pretty much, lol
[14:59] {jfjf64} baboom
[14:59] {jfjf64} that was classic
[14:59] {Jenh} got another .10! thanks 3i!
01[15:00] {@Threei}  :)
[15:00] {Jenh} jumped out early i know but still so happy!
01[15:00] {@Threei}  Jen is breaking the rules... making money while learning. I didn't know it was legal
[15:00] {Jenh} :)
[15:02] {jfjf64} care full last hour
[15:02] {jfjf64} lock it up here
[15:02] {jfjf64} ty vg
01[15:02] {@Threei}  yw
[15:03] {dino} gj jen, jf
[15:05] {Jenh} thanks dino!
[15:08] {RonS} gold flying, who knew it was a vaccine?
01[15:09] {@Threei}  lol
01[15:09] {@Threei}  take a look at GLD daily for 365 days
01[15:10] {@Threei}  if this is not a classic preparation for major breakdown...
[15:12] {cosmo} 114.50 test
01[15:21] {@Threei} Long Setup:  VXX  .90 break
01[15:21] {@Threei}  If holds  .80
01[15:22] {@Threei}  Invalidated
01[15:24] {@Threei}  ugh
01[15:24] {@Threei}  got away
01[15:26] {@Threei} Long Setup:  VXX  .34 break
01[15:26] {@Threei}  If holds  .90
01[15:26] {@Threei}  change to ,90
01[15:26] {@Threei}  If holds  .80
01[15:27] {@Threei}  1:1
[15:37] {nemo} Manhattan: 462 1st Ave A Doctor in his 30's who returned from West Africa is being tested for the Ebola virus at Bellevue Hospital.
[15:37] {nemo} he came from there
[15:38] {jfjf64} a mess
01[15:39] {@Threei}  nemo needs to take me off ignore
[15:39] {nemo} I saw your ebola thing
[15:44] {RonS} Bombshell: Muslim Shooter Was Son of Canada's Deputy Immigration Chief
[15:44] {nemo} too fucking funny
[15:44] {dino} lol
[15:44] {nemo} You can't make that shit up
[15:45] {jfjf64} whoops
[15:45] {Jenh} ww scarey
[15:45] {Jenh} *wow
01[15:47] {@Threei}  The mother of gunman Michael Zehaf-Bibeau, Susan Bibeau, lives in the Canadian city of Montreal and works for the Canadian Immigrant and Refugee Board as a deputy chairperson of the Immigration Division.
01[15:47] {@Threei}  Despite his mother's job, the Canadian national of Libyan descent had been designated as a high-risk traveller and had his passport confiscated because of his jihadist leanings following his conversion to Islam.
01[15:49] {@Threei}  Authorities are still searching for her
01[15:49] {@Threei}  wow
[15:50] {jfjf64} nemo said it best
01[15:51] {@Threei}  he has this way with language
[15:51] {nemo} [15:44] {nemo} too fucking funny
[15:51] {nemo} [15:44] {nemo} You can't make that shit up
01[15:51] {@Threei}  you should hear him when he stubs his toe in the dark
01[15:51] {@Threei}  some russians would envy his vocabulary
[15:51] {nemo} I cry like a little baby
[15:51] {nemo} I had a very good teacher
01[15:51] {@Threei}  Ok guys, thank you all
01[15:51] {@Threei}  have a great evbening
01[15:52] {@Threei}  see you tomorrow
[15:52] {jfjf64} we just getting started
[15:53] {cosmo} yeah, no over-nighters?
[15:53] {Jenh} good night everyone!
[15:53] {jfjf64} gn all
[15:58] {dino} gn

Wednesday, October 22, 2014

Oct 22 2014

Very jerky day with many rinses. A few larger wins allowed to take the day to breakeven, that's all we got today. Last strong play on VXX helped as we got the direction right into end of day.

Ahead of the Close Market Snapshot
Wed, 22 Oct 2014 15:56 PM EST

US Indices:
- Dow Jones -0.9%
- S&P500 -0.5%
- Nasdaq -0.8%

- Indices are down for the first time in 5 trading sessions, with declines led by Materials and Industrials. Defensive Utilities are up modestly. BRCM, YHOO, GD, and RHI are individual outperformers on strong earnings overnight, while DNR, EOG, and NFX are notable losers in the energy space amid more declines in oil.

Fixed-Income: Treasuries are grinding lower for the 5th consecutive session despite the selloff in the equity market. 2-10 spread is unchanged with identical marginal moves across the curve.

- US 2-yr: +1bps at 0.37%
- 10-yr: +1bps at 2.23%
- 30-yr: +1bps at 3.00%
- 2-10 spread: flat at 1.87%


Energy:
- WTI Dec crude oil $80.54; Crude contract with its biggest drop in about a week after another large build in DOE crude inventories. 7.1M increase was well above 3M consensus and marked the 3rd consecutive week of outsized (above 5M brl) build.

Metals:
- Spot Gold $1,242/oz; Gold near the lows with its biggest decline in 3 weeks. Precious metals selloff tracking 2nd straight day of gains in the greenback, with the dollar index reaching a 1-week high.
- Spot Silver $17.15/oz; Silver also with its biggest daily decline in 3 weeks, falling to a 1-week low.
- Dec Copper $3.01/lb; Copper is in retreat for much of the US session in line with other metals after hitting a 1-week high of $3.04 overnight.

Key Earnings at the close:
- CA, CAKE, CTXS, FTK, LEG, LRCX, NXPI, ORLY, RE, T, TSCO, WFT, YELP

Looking ahead to Asia session:
- China HSBC Flash Manuf PMI 21:45ET




Session Time: Wed Oct 22 00:00:01 2014
[09:13] {dino} gm
01[09:13] {@Threei}  dino :)
[09:16] {troub} good morning
01[09:17] {@Threei}  troub :)
01[09:17] {@Threei}  - Reports circulated that at least 11 banks from six different countries to fail Euro Zone stress tests (**Note: results due on Sunday Oct 26th)
01[09:17] {@Threei}  sheesh... when do they finally end this charade
[09:21] {Jenh} good morning everyone!
01[09:22] {@Threei}  jen :)
[09:23] {ese} gm
01[09:23] {@Threei}  ese :)
[09:23] {jfjf64} gm
01[09:23] {@Threei}  jf :)
[09:23] {RonS} que' es ese...buenos dias
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -RGLS +140% (RG-101 demonstrated positive pharmacokinetic profile in treating HCV)
01[09:23] {@Threei}  -UNIS +20% (earnings)
01[09:23] {@Threei}  -ROYL +16% (confirmed new high rate well)
01[09:23] {@Threei}  -RPRX +11.3% (results from Androxal exhibits positive safety profile)
01[09:23] {@Threei}  -TKMR +10% (provided TKM-Ebola program update - commencing new RNAi therapeutic for Ebola-Guinea variant)
01[09:23] {@Threei}  -SIX +10% (earnings)
01[09:23] {@Threei}  -IRBT +12.5% (earnings)
01[09:23] {@Threei}  rin :)
01[09:23] {@Threei}  i=o
[09:24] {ese} jenh vad jf ron dino nemo rav cos et al
01[09:24] {@Threei}  -GWPH +6.4% (announced Epidiolex Rx received Orphan Designation from the EMA for treating Dravet Syndrome)
01[09:24] {@Threei}  -BRCM +6% (earnings)
01[09:24] {@Threei}  -SMCI +6% (earnings)
01[09:24] {@Threei}  -YHOO +5% (earnings)
01[09:24] {@Threei}  Downside:
01[09:24] {@Threei}  -HIMX -14% (GOOG not exercising option to make add'l investment into HIMX's subsidiary Himax Display)
01[09:24] {@Threei}  -LL -13.5% (earnings)
01[09:24] {@Threei}  -CREE -12% (earnings)
01[09:24] {@Threei}  -DDD -11% (Q3 guidance under estimates; cuts FY14 guidance)
01[09:24] {@Threei}  -ANGI -10% (earnings)
01[09:24] {@Threei}  -OCN -6.5% (momentum from backdating of mortgage letters investigation by NY DFS; company blamed on software errors in correspondence systems)
01[09:24] {@Threei}  -VMW -6% (earnings)
[09:27] {RonS} biib needs one...hoping for $290 here...
[09:28] {RonS} ddd getting...well...you can figure it out...
[09:30] {nemo} seen VWM  virtual suicide
[09:30] {nemo} out ronned ron
01[09:32] {@Threei} Long Setup:  VXX  .80 break
01[09:32] {@Threei}  If holds  .70
01[09:33] {@Threei}  no go
01[09:34] {@Threei} Long Setup:  FB  .60 break
01[09:34] {@Threei}  If holds  .50
[09:34] {dino} asps more blood
01[09:34] {@Threei}  Invalidated
01[09:35] {@Threei}  VXX rinse
01[09:35] {@Threei}  grrr
[09:36] {nemo} don't even think about it Dino
01[09:36] {@Threei} Long Setup:  FB  .20 break
01[09:36] {@Threei}  If holds  .10
01[09:37] {@Threei}  come on... really?
[09:38] {nemo} tested the whole number
01[09:39] {@Threei}  sheesh, second rinse
01[09:39] {@Threei}  1:2
[09:39] {ese} lol
[09:39] {ese} I like that.....good way to at it....tested the whole number
[09:40] {dino} nemo, but i have to
[09:40] {dino} checking out calls
[09:40] {nemo} sit on your hands, palms up if you have too
[09:44] {nemo} O.K. dino, if you must
01[09:44] {@Threei} Long Setup:  VXX  .80 break
01[09:44] {@Threei}  If holds  .70
[09:44] {RonS} caught biib 291.50 to 3.50 +2.00
01[09:45] {@Threei}  wtg
01[09:45] {@Threei}  1:1
01[09:48] {@Threei}  FB, you disgust me today
01[09:50] {@Threei} Long Setup:  TWTR  .40 break
01[09:50] {@Threei}  If holds  .30
01[09:51] {@Threei}  stop to .34
[09:51] {dino} sps sm l .56
[09:51] {dino} asps
[09:52] {dino} out .00, +.44
01[09:52] {@Threei}  nah
[09:52] {jfjf64} fb
[09:52] {jfjf64} grr
01[09:57] {@Threei}  jeez
[09:59] {nemo} sso short .50 stop above .60 looks good
[10:00] {nemo} .55 break aggressive
[10:00] {nemo} mmhhhh, green side algo filling out, maybe not
[10:00] {dino} 07 green
[10:01] {nemo} SOB
01[10:02] {@Threei} Short Setup: FB  .35 break
01[10:02] {@Threei}  If holds  .45
[10:03] {nemo} FB kissed all time highs
01[10:03] {@Threei}  1:1
01[10:06] {@Threei}  stop to .31
01[10:06] {@Threei}  1 cent to 1:2
[10:07] {nemo} FB bear flagging?
[10:07] {jfjf64} ty nemo sso
01[10:08] {@Threei}  1:2
01[10:09] {@Threei}  1:3
[10:18] {nemo} not much on the algo at all relative volume weak
[10:21] {dino} added tllp calls
[10:22] {nemo} strongside slowly filling out
[10:30] {_petersh} good morning
01[10:30] {@Threei}  peter :)
01[10:32] {@Threei} Long Setup:  TWTR  .30 break
01[10:32] {@Threei}  If holds  .20
[10:33] {dino} asps sm l .77
01[10:35] {@Threei}  no go
[10:40] {dino} out asps ave .38, +.61
01[10:43] {@Threei}  A Canadian solider standing guard on Parliament Hill has been shot by an unknown gunman.
[10:44] {nemo} Summer trading
01[10:44] {@Threei}  Parliament Hill is in under lockdown after reports of shots being fired from inside the halls of the centre block
01[10:49] {@Threei} Long Setup:  DAL  .65 break
01[10:49] {@Threei}  If holds  .55
[10:49] {nemo} DE
[10:50] {nemo} could make an argument for .10 break stop under the whole
[10:50] {nemo} indexes look up
01[10:52] {@Threei}  1:1
[10:55] {jfjf64} quick scalps
[10:55] {dino} gotta hop, back in hour
01[11:01] {@Threei} Long Setup:  IWM  .90 break
01[11:02] {@Threei}  If holds  .80
01[11:06] {@Threei}  I dislike today
01[11:07] {@Threei}  this back and forth is irrtitating
[11:07] {nemo} I'm not sure it holds you in high esteem either
01[11:07] {@Threei}  obviously not
01[11:11] {@Threei}  switching to pullbacks
01[11:11] {@Threei}  IWM would have worked on that strategy
[11:12] {nemo} spy holding trend in upper channel from the swing low
[11:12] {troub} play rinses
01[11:12] {@Threei}  yup
01[11:13] {@Threei}  DKTK setup
[11:19] {nemo} arguably spy short here
[11:22] {Jenh} still here
[11:23] {nemo} mmhhh...R1 on daily just above 195, and we're close enough to go for the shorts
[11:23] {nemo} IWM and Qs closing in on R1
01[11:32] {@Threei} Long Setup:  IWM  .85 break
01[11:32] {@Threei}  If holds  .75
01[11:38] {@Threei}  to .79
[11:41] {jfjf64} iwm playinwith us
01[11:43] {@Threei}  held like champ
[11:43] {jfjf64} bounce bi atch
01[11:43] {@Threei}  break now
[11:43] {jfjf64} yes
01[11:43] {@Threei}  and run
01[11:43] {@Threei}  fly
01[11:43] {@Threei}  rocket
01[11:45] {@Threei}  1:1
[11:46] {jfjf64} shhees
[11:48] {dino} .
[11:48] {dino} added baba calls
[11:48] {nemo} August trading
[11:49] {jfjf64} take 1:1 and run
[11:49] {jfjf64} im gonna go find bar stool see all later good luck
[11:49] {nemo} gonna' turn it upside down jf?
[11:50] {jfjf64} turn what upside down
[11:50] {nemo} barstool
[11:50] {dino} bstc spike
[11:50] {jfjf64} na like it like that
01[12:14] {@Threei}  https://www.youtube.com/watch?v=XrGqoISd-do
[12:33] {nemo} possible bounce territory on spy and IWM
01[12:33] {@Threei} Long Setup:  IWM  .30 break
01[12:34] {@Threei}  If holds  .20
01[12:35] {@Threei}  change to .25 break
01[12:35] {@Threei}  If holds  .15
01[12:35] {@Threei}  Invalidated
[12:38] {nemo} IWM again
01[12:40] {@Threei} Long Setup:  IWM  .95 break
01[12:41] {@Threei}  If holds  .88
01[12:42] {@Threei}  meh
01[12:55] {@Threei} Long Setup:  LVS  .40 break
01[12:55] {@Threei}  If holds  .30
01[12:57] {@Threei}  1:1
01[12:58] {@Threei}  1:2
01[12:59] {@Threei}  1:3
[12:59] {RonS} lvs +.29 thanks 3i
01[13:00] {@Threei}  yw
[13:06] {dino} rvbd spike
[13:08] {dino} rvbd sm s .78
[13:13] {dino} cover rvbd .48, +.30
[13:13] {dino} damn b/s was too tight
01[13:15] {@Threei} Long Setup:  IWM  110 break
01[13:15] {@Threei}  If holds  .90
01[13:17] {@Threei}  1:1
[13:23] {Jenh} g2g. hopefully this is the last day i leave early again.
[13:23] {Jenh} happy trading guys!
[13:23] {Jenh} good luck!
01[13:24] {@Threei}  take care jen
01[13:24] {@Threei}  [GOOG] Unveils new email product, Inbox - company blog
01[13:24] {@Threei}  Years in the making, Inbox is by the same people who brought you Gmail, but its not Gmail: its a completely different type of inbox, designed to focus on what really matters. Email started simply as a way to send digital notes around the office. But fast-forward 30 years and with just the phone in your pocket, you can use email to contact virtually anyone in the world - from your best friend to the owner of that bagel shop you discovered last week.With this evolution comes new challenges: we get more email now than ever, important information is buried inside messages, and our most important tasks can slip through the cracks - especially when were working on our phones. For many of us, dealing with email has become a daily chore that distracts from what we really need to do - rather than helping us get those things done.
01[13:24] {@Threei}  so how is it different?
01[13:25] {@Threei}  http://googleblog.blogspot.ca/2014/10/an-inbox-that-works-for-you.html
[13:28] {nemo} SPY IWM FAS coming into possible bounce territory
[13:30] {nemo} spy .30 break
[13:30] {nemo} stop under .25
[13:33] {nemo} sheesh
01[13:55] {@Threei} Short Setup: LVS  .20 break
01[13:55] {@Threei}  If holds  .30
[13:55] {RonS} tup tipped
[14:02] {RonS} this is serious:  NHL says tonight’s Maple Leafs/Senators game has been postponed due to the Ottawa parliament-area shooting.
01[14:03] {@Threei}  whole Canada is riled up... all TV channels are on it exclusively, airports on high alerts, most parlament buildings across the country are on lockdown
01[14:09] {@Threei}  no go
01[14:11] {@Threei}  got e-mail with subject line:
01[14:11] {@Threei}  A private Jet makes A Great gift
01[14:11] {@Threei}  if you wondered what to give me for Christmas, there you go
[14:15] {jfjf64} imiss anything vg
01[14:15] {@Threei}  one 1:3er
01[14:16] {@Threei}  one scalp and two stops
[14:19] {jfjf64} shhoting in canada
[14:26] {RonS} nate the great!
[14:26] {nathan} hi all
[14:26] {nathan} the great... :-)
[14:26] {nathan} what's up?
[14:27] {nathan} did you score today rons?
01[14:27] {@Threei}  hi nathan
01[14:28] {@Threei}  ron can't tell you, his wife is in his office
[14:28] {jfjf64} lol
[14:28] {nathan} ups!
[14:29] {nathan} just kidding, no talking serious
[14:29] {RonS} took biib off open sellof +2...left $7 on the table  :(
[14:30] {nathan} +2???not that bad
[14:30] {jfjf64} ya think
[14:30] {nathan} not scoring like dino but...
[14:30] {jfjf64} take 2.00 4 week
[14:30] {nathan} :-)
[14:31] {dino} ;)
[14:32] {jfjf64} vxx flaggin
[14:32] {jfjf64} to late
01[14:32] {@Threei}  should pull back
01[14:32] {@Threei}  and worth entering
[14:34] {jfjf64} vol com in
[14:34] {nathan} missed that
01[14:34] {@Threei}  no pullback
01[14:34] {@Threei}  yet
[14:34] {jfjf64} .80 entry
[14:35] {jfjf64} pull bh to .90
[14:35] {jfjf64}  what ya think
[14:35] {jfjf64} lower
[14:36] {jfjf64} ?
01[14:36] {@Threei}  closer tp .80 - .85 hopefully
01[14:36] {@Threei}  here
01[14:36] {@Threei}  .80 break
01[14:37] {@Threei}  1:1
01[14:38] {@Threei}  1:2
[14:38] {jfjf64} common baby
[14:42] {jfjf64} twtr
[14:42] {jfjf64} lod
01[14:43] {@Threei}  bounce for now
01[14:43] {@Threei}  more selling later
[14:43] {nemo} this is lower channel in iwm and spy
01[14:46] {@Threei} Long Setup:  IWM  .60 break
01[14:46] {@Threei}  If holds  .50
[14:48] {dino} xiv h l .15
[14:48] {dino} hl
01[14:50] {@Threei}  nah
[14:51] {dino} xiv stop .95 -.20
[14:52] {jfjf64} twtr watchin
[15:00] {dino} rinsed
01[15:14] {@Threei}  word of the day
01[15:14] {@Threei}  don't remember than many rinses in a long while
[15:21] {dino} yeah
01[15:22] {@Threei}  navy base in my town on high alert
[15:22] {dino} 10 miles from my house we had that state trooper rifled down
[15:22] {dino} last month
[15:24] {RonS} so, were the shooters muslim and if so are they calling it workplace violence like they would in the u.s.?
01[15:24] {@Threei}  no word yet
01[15:26] {@Threei}  but no, if they are pinpointed as such, there will be no whitewashing
01[15:27] {@Threei} Long Setup:  VXX  .65 break
01[15:27] {@Threei}  If holds  .55
[15:27] {dino} asps blood continues
[15:27] {RonS} asp kick...
[15:28] {RonS} heard they report a.m.
[15:28] {dino} this ocn thing is killing them
01[15:30] {@Threei}  1:1
[15:31] {nemo} we're going down
[15:31] {nathan} 1.1 i'm the last to exit
01[15:31] {@Threei}  1:2
01[15:32] {@Threei}  1:3
01[15:32] {@Threei}  good girl
[15:32] {nathan} nice
[15:32] {jfjf64} my day
[15:32] {jfjf64} buy ya a drink
[15:33] {nemo} yep just like one Vad
[15:33] {jfjf64} flaggin
[15:33] {jfjf64} go babbbby
01[15:33] {@Threei}  1:4
01[15:33] {@Threei}  I am out
[15:33] {nemo} I think you can ride this into the close
01[15:34] {@Threei}  one more bounce I think
[15:34] {dino} feels like it
01[15:34] {@Threei}  then drop into close
[15:34] {jfjf64} got 500 left
01[15:34] {@Threei}  and the way this day went, I can't not to secure this win
01[15:34] {@Threei}  it almost takes me to breakeven
01[15:35] {@Threei}  close enough to consider it a washout day
[15:35] {nemo} it was so weird early on when I saw spy, finnies, IWM topping and vxx looking like a bottom, I thought it was just a chain yanking
[15:35] {dino} "gut"
[15:35] {nemo} SPY might retest .30
[15:36] {jfjf64} then drop
[15:36] {nemo} may drop from here I just think roof is around .30
[15:37] {nemo} sso
[15:37] {nemo} sorry
[15:37] {nemo} pivot is .25
[15:38] {nemo} one could argue sso drop of .70
[15:39] {nemo} algo pretty red
[15:39] {nathan} today only for peanuts
[15:39] {nemo} let's see if the PPT steps in
[15:39] {nathan} to pay commissions
[15:39] {nemo} probably try in the futures tonight
[15:39] {nemo} mmmhhh, 193, they might not drop it today
[15:40] {nemo} gap down in the morning
[15:40] {jfjf64} was lookin ugly early
[15:41] {jfjf64} vxx still going
[15:41] {nemo} yeah, looks down
[15:41] {nemo} defending 193
[15:43] {nemo} sso working
[15:44] {nemo} algo getting redder
01[15:47] {@Threei}  nice push VXX
[15:48] {jfjf64} nemo what algo ya lookin at what service
[15:48] {nemo} proprietary
[15:48] {nemo} Agilemetrix
[15:48] {jfjf64} wow vxx
[15:49] {nemo} IWM testing 109
[15:50] {nemo} 23% of the universe side switched to the red, that's pretty negative
01[15:52] {@Threei}  thank you all, have a good evening
[15:52] {dino} asps a mess
01[15:52] {@Threei}  see you tomorrow
[15:52] {jfjf64} somethi we said vg
[15:52] {jfjf64} lol
01[15:52] {@Threei}  lol