Thursday, November 20, 2014

Nov 20 2014

Classic breakout setup, serving as aggressive entry for day high break. That in turn led to an explosive move 

(chart courtesy of broker)

The day continued in the most pleasant way, offering trade after trade adding to the early profits. TWTR served as our ATM of the day, although some other added too.

Session Time: Thu Nov 20 00:00:00 2014
[09:03] {JoebiWan} gm
01[09:07] {@Threei}  jw :)
[09:09] {RonS} howdy y'all
01[09:10] {@Threei}  ron :)
[09:11] {_chasj} gm all
01[09:11] {@Threei}  jw, you downgraded yourself?
01[09:11] {@Threei}  chas :)
[09:13] {dino} gm
01[09:13] {@Threei}  dino :)
[09:21] {jfjf64} gm
01[09:21] {@Threei}  jf :)
01[09:32] {@Threei}  Upside:
01[09:32] {@Threei}  -MAGS +20% (earnings)
01[09:32] {@Threei}  -CZR +12% (considering adjusting largest operating unit into a REIT)
01[09:32] {@Threei}  -WSM +7% (earnings)
01[09:32] {@Threei}  -MBLY +6% (earnings, guidance)
01[09:32] {@Threei}  -BBY +5.6% (earnings)
01[09:32] {@Threei}  -GLOG +4.2% (earnings)
01[09:32] {@Threei}  -PLCE +3.4% (earnings)
01[09:33] {@Threei}  Downside:
01[09:33] {@Threei}  -JMEI -16% (earnings)
01[09:33] {@Threei}  -LOCO -7.2% (priced offering of 6M shares ar $27/shr)
01[09:33] {@Threei}  -RMTI -7.2% (priced 6.5M shares at $9/shr)
01[09:33] {@Threei}  -GPRO -7% (prices 10.4M shares at $75/shr)
01[09:33] {@Threei}  -CRM -3.2% (earnings)
01[09:33] {@Threei}  -GMCR -2% (earnings)
01[09:34] {@Threei} Long Setup:  IWM  .90 break
01[09:34] {@Threei}  If holds  .80
01[09:35] {@Threei}  1:1
01[09:38] {@Threei} Long Setup:  FB  .85 break
01[09:38] {@Threei}  If holds  .75
[09:41] {jfjf64} bby
[09:41] {jfjf64} watchin
[09:41] {jfjf64} dtop
[09:43] {nemo} two more minutes dino
01[09:45] {@Threei} Long Setup:  DAL  44 break
01[09:45] {@Threei}  If holds  .90
01[09:47] {@Threei}  no go
[09:52] {dino} lol nemo
[09:52] {nemo} ;-)
01[09:52] {@Threei}  rinse
[09:52] {dino} 07 scrolling green
01[09:52] {@Threei}  somg
[09:52] {_chasj} dal WAS A NO GO
[09:53] {_chasj} DAL wass a no go should you have gotten in on the rebound
01[09:53] {@Threei}  no
[09:54] {dino} anet smr l .92 hooker
[09:54] {dino} db hl l .09
[09:55] {dino} gild sm l .90
01[09:56] {@Threei} Short Setup: GLD  .60 break
01[09:56] {@Threei}  If holds  .70
01[09:59] {@Threei}  *(US) OCT EXISTING HOME SALES: 5.26M V 5.15ME
01[10:00] {@Threei}  *(US) OCT LEADING INDEX: 0.9% V 0.6%E
01[10:00] {@Threei}  1:1
01[10:00] {@Threei}  1:2
[10:00] {jfjf64} kick in the finn ass
01[10:00] {@Threei}  *(US) NOV PHILADELPHIA FED BUSINESS OUTLOOK: 40.8 V 18.5E
[10:00] {jfjf64} die biatch
[10:01] {dino} out gild .20, +.30
[10:01] {jfjf64} jf little hang over
[10:01] {jfjf64} hanger 1
[10:01] {jfjf64} nice dino
[10:01] {dino} ty
[10:01] {nemo} good stuff
[10:01] {nemo} huh JF?
[10:01] {jfjf64} yes
[10:02] {jfjf64} ya known ya vodka
[10:02] {jfjf64} made with grapes
[10:02] {nemo} I hang out with Russians
[10:02] {jfjf64} who was that in video yest
[10:02] {nemo} russian that makes me drink vodka
[10:03] {jfjf64} part ya Russian crew
[10:03] {nemo} as you can see, it's best to do what he tells you
[10:03] {jfjf64} lol
01[10:03] {@Threei}  1:3
01[10:03] {@Threei}  out
[10:03] {jfjf64} good job
[10:03] {jfjf64} rince job dal
[10:04] {jfjf64} yest too
[10:04] {JoebiWan} ty vad
01[10:04] {@Threei}  yw
01[10:04] {@Threei}  yesterday DAL invalidated
[10:04] {jfjf64} sorry
[10:04] {jfjf64} vg
[10:04] {jfjf64} lol
[10:05] {dino} anet stop ave .63 -.29
[10:06] {jfjf64} gps short40 break
[10:08] {nemo} LVS
01[10:09] {@Threei}  global cost of obesity reached $2T
[10:09] {jfjf64} fat basterds
[10:09] {nemo} yeah, well the global cost of stupidity is immeasurable
01[10:10] {@Threei}  no idea how they calculate that... but I did my part in savings, down 25+ lbs in less than 1 year
[10:10] {RonS} turkey bacon?
01[10:10] {@Threei}  no way
01[10:10] {@Threei}  bacon must come from pig
01[10:10] {@Threei}  it just must
[10:11] {_chasj} starvation?
[10:11] {dino} gj 3i
01[10:11] {@Threei}  kidding? no siongle minute a day do I feel hungry
[10:11] {jfjf64} congrats vg
01[10:11] {@Threei}  ty dino
01[10:12] {@Threei} Long Setup:  TWTR  40 break
[10:12] {jfjf64} getting down to fightin weight
01[10:12] {@Threei}  If holds  .90
[10:13] {dino} out db .03 -.06
01[10:13] {@Threei}  change to .95
01[10:15] {@Threei}  If holds  .88
01[10:18] {@Threei}  half out
01[10:18] {@Threei}  stop to .94
01[10:24] {@Threei}  1/4 more out
01[10:24] {@Threei}  stop to .99
01[10:26] {@Threei}  to .04 now
[10:34] {jfjf64} fb hod
[10:34] {_chasj} 3i still in TWTR?
01[10:37] {@Threei}  1/4, yes
01[10:42] {@Threei}  closed
[10:43] {_chasj} 3i, you really milk the co
[10:43] {JoebiWan} gj twtr
01[10:45] {@Threei}  that's what cow is for, right?
[10:46] {dino} bofi smr l .88 thinny
[10:55] {_chasj} was it just me, did anyone else lose the connection?
01[10:55] {@Threei}  no... we are fine
[10:56] {_chasj} trouble 2 day now
[11:16] {RonS} what bs...  Government scientists say average ocean and land temperatures for October were highest since record keeping began in 1880
01[11:16] {@Threei}  lol
[11:16] {nemo} did they say what planet?
[11:16] {_chasj} go tell that to Buffalonians
[11:18] {JoebiWan} lol nemo
01[11:18] {@Threei} Long Setup:  TWTR  .10 break
01[11:18] {@Threei}  If holds  40
[11:19] {nemo} aapl setting up for higher
[11:19] {nemo} market can't come in unless it does
[11:25] {nemo} Hah, this is next town over from me: http://goo.gl/aERYMl
01[11:25] {@Threei}  lol
[11:25] {JoebiWan} wow
[11:25] {nemo} the one to the right used to be a Karvel ice cream store
[11:27] {nemo} I actually hunt behind that apartment building...it backs up to an office park that is heavily wooded
01[11:28] {@Threei}  break .20 and fly, TWTR
01[11:28] {@Threei}  1:1
[11:29] {JoebiWan} youve done this before, i see
01[11:30] {@Threei}  couple times
[11:30] {RonS} awkward... Montana now the the 34th U.S. state to legalize gay marriage with South Carolina to come
01[11:30] {@Threei}  lol
01[11:30] {@Threei}  1:2
[11:30] {nemo} When can I marry sheep?
[11:31] {RonS} ...searching for Daisy?
[11:32] {nemo} I'm into pedophilia I want the lambs
[11:32] {JoebiWan} out twtr. great trade vad ty
[11:32] {nemo} or is that just veal?
01[11:32] {@Threei}  1:3
01[11:32] {@Threei}  yw
[11:33] {nemo} probably going to .60ish
[11:35] {nemo} indexes next leg up looks like
[11:36] {nemo} aapl
[11:36] {_chasj} nemo my political buddie, your right
[11:36] {nemo} about what?
[11:37] {_chasj} 60ish
[11:37] {nemo} oh aapl coming in
[11:37] {nemo} I'm actually relatively apolitical, I just study it as a byproduct of my other stuff
[11:37] {_chasj} thought you were still watching twtr
[11:38] {nemo} might be worth shorting the indexes here
[11:39] {nemo} see the doji two days ago, it's low was .60ish
[11:39] {nemo} figured it would get about there
01[11:39] {@Threei}  illustration to thinking behind the trade: http://tradinglog.realitytrader.com/2014/11/nov-20-2014.html
01[11:39] {@Threei}  welll... rather "weird process in me that goes for thinking"
[11:40] {dino} bofi to .92
[11:41] {cosmo} Are those B-Bands?
[11:41] {nemo} yep
01[11:41] {@Threei}  yeah
[11:42] {dino} to .25
[11:43] {_chasj} 3i, whats your settings on B Bands?
[11:43] {nemo} 13 1.7
[11:43] {dino} don't use them
[11:43] {_chasj} thanks
01[11:43] {@Threei}  what nemo said
[11:43] {nemo} no....
[11:43] {nemo} what I wrote
01[11:43] {@Threei}  that's for 1 min chart
[11:43] {nemo} or typed
01[11:43] {@Threei}  for daily use standard 20/2
[11:44] {_chasj} ty
[11:48] {_chasj} I watch 5 charts 1,5,15,60 & day.  Too many?
01[11:49] {@Threei}  to me, way too many
01[11:49] {@Threei}  sk yourself what they add
[11:49] {dino} out bofi ave .99, +1.11
01[11:49] {@Threei}  do you see on all of them something that you wouldn't on just 1 min and daily?
[11:49] {JoebiWan} gj dino
[11:49] {dino} ty, bad slip
01[11:50] {@Threei}  wtg
[11:50] {_chasj} I was taught that way but since been in your room have only been watching about 3
[11:51] {dino} dds spike
[11:52] {dino} vsm s .42
[11:54] {dino} stop .68 -.26
[11:54] {dino} shit, rinsed
[11:55] {dino} smr s .40
[11:56] {dino} cov .80, +.60
01[11:57] {@Threei}  there is plenty of unneeded crap being taught by various people
01[11:57] {@Threei}  do they demonstrate their stuff working profitably, day in day out, as we do here?
[11:58] {dino} k.i.s.s. method here
[11:58] {_chasj} He is profitable but does not get as many right as you
01[11:59] {@Threei}  hey... if he is profitable, that's already an achievement... most of them are just fraud, plain and simple :)
[12:00] {dino} smr s dds .17
[12:01] {dino} stop .28 -.11. it tasks me
[12:01] {_chasj} gets about 1/2 right but by putting good stops in and getting out as you do 1:2 1
[12:02] {RonS} Marcato: Plan Would Value Cos at Combined $193 Per Shr }DDS
[12:02] {dino} thx ron
[12:02] {_chasj} 1:3
[12:02] {RonS} Marcato: Dillard's 'Could Unlock Tremendous Value' With REIT Spinoff
01[12:22] {@Threei}  The Philly Fed's manufacturing outlook crushed expectations and delivered the highest headline figure since December 1993. Expectations of 18.5 were down slightly from last month's 20.7 reading. The new orders index rose 18 points to 35.7. Analysts note that the striking numbers runs counter to other surveys this month, with both the Empire State manufacturing report and flash PMI reports coming in mixed. Others note the series has had spikes followed by big revisions in the past.
[12:22] {nemo} oh jeez, Pats signed LeGarrette Blount
01[12:23] {@Threei}  The October existing home sales pushed out to a one-year high of 5.26 million units, while the supply of homes on the market fell to a seven-month low of 5.1 months equivalent.
01[12:23] {@Threei}  this last one was btw one of the reasons behind our GLD short trade
01[12:24] {@Threei}  by all other numbers in this venue I expected this one to be good, and GLD works as a fade to SPY these days
01[12:24] {@Threei}  so shorting it near its low right in front of the housing numbers made perfect sense to me
01[12:24] {@Threei}  both technical setup and fundamentals came together for a nice juicy trade
01[12:31] {@Threei} Long Setup:  IWM  116 break
01[12:31] {@Threei}  If holds  .90
01[12:33] {@Threei}  1:1
[12:35] {nemo} BABA
[12:38] {RonS} practicing for the sheep, eh?
[12:38] {nemo} not bad
[12:38] {nemo} ron showing some flexibility beyond his usual Ronisms
01[12:49] {@Threei} Short Setup: TWTR  .10 break
01[12:50] {@Threei}  If holds  .20
01[12:50] {@Threei}  ugh... late alert by a second
[12:50] {nemo} frickin' JPM
01[12:51] {@Threei}  ok, in on bounce
[12:55] {dino} zayo spike
01[13:01] {@Threei}  1:1
01[13:01] {@Threei}  1:2
[13:02] {nemo} aapl going
[13:38] {nemo} CRM
[13:38] {nemo} popped
[13:38] {nemo} too late
[13:46] {_chasj} because my little man in the chatting box is green, does that signify me as a rookie?
[13:46] {nemo} no...that's in your settings
[13:47] {nemo} I think pink would be more your color
[13:47] {dino} lol
[13:47] {jfjf64} lol
[13:47] {_chasj} thanks buddie
[13:48] {_chasj} I could wear my wife's pink blouse
06[13:48] * @Threei hands chas 2x4 sized as 4x6, about 2 yards long, and suggests using it on nemo anytime he please
[13:48] {_chasj} lol
06[13:49] * nemo unholsters the P229 loaded with Glasers
06[13:49] * nemo thinks, "It's about this time, Vad hands the rocket launcher to chasj."
01[13:49] {@Threei}  I prefer Grad
[13:50] {_chasj} thats a laugh
01[13:50] {@Threei}  much more effective
[13:50] {jfjf64} oh boy
01[13:50] {@Threei}  some collateral damage is inevitable but...
[13:50] {nemo} gotta' break some eggs
01[13:51] {@Threei}  http://en.wikipedia.org/wiki/BM-21_Grad
[13:51] {_chasj} breaks the monotony
01[13:51] {@Threei}  the nickname grad means "hail"
01[13:51] {@Threei}  hail from hell
[13:51] {nemo} oh great Katyushas...gotta' carpet rocket them
[13:52] {jfjf64} lotta use
01[13:52] {@Threei}  it's a grandson of katusha
[13:52] {nemo} yeah, runs without guidance
[13:53] {nemo} WDC
[13:53] {nemo} a bit thin
[13:53] {nemo} look at that daily though
[13:54] {jfjf64} have another shot nemo
[13:54] {jfjf64} startin to see things
[13:54] {nemo} mmmhhhh...have to handle weapons soon
[13:54] {nemo} that's a frickin' C&H on the daily jf
[13:55] {jfjf64} salute
[13:57] {nemo} I need to take up knitting, or needlepoint
[13:58] {JoebiWan} you could borrow that blouse from chas
[13:58] {nemo} and do what with it?
[13:58] {jfjf64} was thinkin same
[13:58] {nemo} scary padawan, you think like JF...time to fall on your light saber
[13:59] {JoebiWan} lol
01[13:59] {@Threei}  and chas's wife will have legit excuse for new wardrobe shopping
[13:59] {nemo} IWM new highs
01[13:59] {@Threei}  everyone wins
[14:00] {_chasj} you can have the blouse i don't fill it out in front
[14:00] {nemo} toilet paper chas
01[14:00] {@Threei}  this is an image in my head I didn't need at all
[14:00] {_chasj} lol
[14:00] {nemo} slow markets are not good for my mental health
01[14:02] {@Threei}  as if anything is
[14:03] {_chasj} my wife does not need an excuse
01[14:04] {@Threei}  they ususally don't
[14:05] {_chasj} she finds things in closet she has never worn
[14:07] {dino} toilet paper, that reminds me of the wife that wanted a boob enlargement. husband says, just rub tp on your boobs, it worked on your ass
[14:08] {jfjf64} hehe
01[14:12] {@Threei} Long Setup:  TWTR  .90 break
01[14:12] {@Threei}  If holds  .85
[14:12] {nemo} BABA looks long here
[14:19] {jfjf64} dal
[14:19] {jfjf64} lod
01[14:20] {@Threei}  1:1
[14:22] {nemo} FB
01[14:26] {@Threei}  1:2
01[14:27] {@Threei}  TWTR is our ATM today
[14:28] {JoebiWan} right on vad, great day
01[14:29] {@Threei}  yeah, we work with irritating consistency
[14:45] {dino} rax spike
[14:46] {nemo} buyout rumor probably
01[14:48] {@Threei}  [RAX] Ticks higher on circulation of previously reported news that Jana Partners has taken a stake
01[14:48] {@Threei} Long Setup:  VXX  .50 break
01[14:48] {@Threei}  If holds  .40
[14:54] {nemo} IWM
01[15:02] {@Threei}  1:1
[15:14] {dino} cyt drop
[15:15] {dino} damn, i'm too slow today
[15:15] {nemo} this action will lull you to sleep
[15:16] {jfjf64} what ya using stop vg
[15:16] {nemo} after 1:1 usually entry
[15:17] {jfjf64} ty vg
[15:17] {jfjf64} .55 looked support
[15:18] {nemo} yeah, however, wouldn't be unusual for it to test just below "obvious" support levels and still above your entry
01[15:19] {@Threei}  .49 for now
[15:19] {_chasj} what is usually entry?
01[15:19] {@Threei}  but after ,65 break, yes, I'd trail to .54
[15:19] {nemo} this may be the afternoon ramp
01[15:20] {@Threei}  he means that usually we trail to the entry point after partialling at 1:1
[15:21] {jfjf64} ofcourse while wearing pink shirt
[15:21] {_chasj} ty VG
[15:21] {_chasj} lol
[15:21] {jfjf64} lol
01[15:21] {@Threei}  well... if you are allergic to pink, tutu will do too
[15:22] {_chasj} can't dance
[15:22] {jfjf64} nemo likes wearing tutu  correct
01[15:22] {@Threei}  and nemo was spotted once wearing ballet point shoes
01[15:22] {@Threei}  pointe
01[15:22] {@Threei}  don't have to dance... just wear
01[15:23] {@Threei}  although rain dance sometimes helps stocks move
01[15:23] {@Threei}  just as chicken entrails, human sacrifice or bringing finest wines and cheeses
[15:23] {_chasj} i3 now I've got to buy your other book !!!
[15:24] {nemo} never thought of Vad as an aaple product
01[15:24] {@Threei}  TTR you mean?
01[15:25] {@Threei}  I fond it hard to believe anyone involved in trading wtill wouldn't read it
01[15:25] {@Threei}  find
01[15:25] {@Threei}  still
01[15:25] {@Threei}  jeez
[15:26] {jfjf64} no die mkt
[15:29] {_chasj} did not know the name of it, yes TTR
[15:29] {jfjf64} or if ya prefer TUTU
01[15:30] {@Threei}  ever after ese story I call it "one worth 120 other trading books"
[15:31] {jfjf64} IM GONNA FLY
[15:31] {jfjf64} SEE ALL TOMMOROW
[15:31] {jfjf64} ty vg
01[15:31] {@Threei}  easy on mushrooms
01[15:31] {@Threei}  yw :)
[15:31] {jfjf64} Portobello
[15:31] {dino} cya jf
[15:31] {jfjf64} nice shrooms
[15:31] {jfjf64} cya dino
[15:32] {_chasj} thanks VG, tomorrow
01[15:32] {@Threei}  :)
[15:32] {JoebiWan} bye all good day
[15:32] {JoebiWan} ty
01[15:32] {@Threei}  what's with mass exodus... can I go home too?
[15:32] {dino} cya chas, joe
[15:33] {dino} thought you were home 13
[15:33] {_chasj} adios
[15:33] {nemo} vaya con diablo
[15:34] {_chasj} gracias time ffor a modelo
01[15:36] {@Threei}  OK guys, thank you all
01[15:36] {@Threei}  have a great evening, see you tomorrow

Wednesday, November 19, 2014

Nov 19 2014

Nice day with solid gains, pleasantly finished off with FB long for easy 1:2.


Session Start: Wed Nov 19 00:00:00 2014

[08:58] {dino} gm
01[08:59] {@Threei}  dino :)
[09:14] {jfjf64} gm
01[09:14] {@Threei}  jf :)
[09:15] {RonS} gm, dudes and squares
01[09:15] {@Threei}  ron :)
[09:16] {Jenh} gm
01[09:16] {@Threei}  squares?
01[09:16] {@Threei}  jen :)
[09:16] {RonS} jfjf...
01[09:16] {@Threei}  how's new computer?
01[09:16] {@Threei}  ah
[09:16] {_chasj} gm
[09:17] {RonS} Z pop on Sohn Conference comments
[09:18] {nemo} should be veeeeerrrrrryyyyy slow today
01[09:18] {@Threei}  chas :)
01[09:19] {@Threei}  loonie down half cent on failed pipeline vote
[09:19] {RonS} wow, freakin Buffalo NY... knew a guy who was there in '76...never forgave the boss who sent him there
01[09:19] {@Threei}  lol
[09:19] {Jenh} oh, thanks for asking, still have old computer until possibly tomorrow
01[09:19] {@Threei}  ah, OK
[09:19] {nemo} what you getting?
[09:20] {Jenh} apple said they would work on things, so I have meeting with them tomorrow, but if not, a Dell
[09:20] {Jenh} I already have one ready just in case
[09:20] {nemo} what cpu and what video cards?
[09:21] {Jenh} I think it's a quatro-core? I'm not sure about the video cards
[09:22] {JoebiWan} if dell, my guess core i-7
[09:22] {Jenh} i think so
[09:23] {_chasj} born if buffalo, glad i left. armpit of world
[09:23] {Jenh} had long talk with apple yesterday and the Promised they would fix whatever is going on.
[09:23] {nemo} that'll work question then becomes how many monitors can you run on the internal graphics card, and can you use the internal card with installed external cards
[09:24] {Jenh} wow. I just looked to see if it had enough USB ports for monitors. :)
[09:24] {Jenh} i have three monitors. I think it will be ok
[09:25] {Jenh} thanks for the computer info nemo. really helped when I was looking
01[09:25] {@Threei}  monitors connect via USB these days?
01[09:25] {@Threei}  wow, I am way behind
[09:26] {RonS} ugaz big move...
[09:26] {nemo} well, main monitors shouldn't...they should be dvi or hdmi
[09:27] {Jenh} Mine are through hdmi now with thunderbolt, which is like USB
[09:27] {Jenh} it's a little attachment
[09:28] {nemo} I suggest you run your main screens through hdmi...all new computers usually allow for 2 monitors
[09:28] {Jenh} really? ok thanks.
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -OPLK +14% (being acquired by Koch Industries for $24.25/shr)
01[09:28] {@Threei}  -GSAT +10% (insider activity)
01[09:28] {@Threei}  -LITB +6.2% (earnings)
01[09:28] {@Threei}  -SUNE +5.5% (momentum from TERP deal; positive broker commentary)
01[09:28] {@Threei}  -LOW +5% (earnings)
01[09:28] {@Threei}  -LZB +5% (earnings)
01[09:28] {@Threei}  -MACK +4.2% (received FDA fast-track designation for MM-398 treating pancreatic cancer)
01[09:28] {@Threei}  -PETM +4% (KKR & CD&R said to be preparing a joint $7.5B+ bid)
01[09:28] {@Threei}  -D: +3.6% (earnings)
01[09:28] {@Threei}  -SPLS +3% (earnings)
01[09:28] {@Threei}  -TGT +3% (earnings)
01[09:28] {@Threei}  -JACK +3% (earnings)
[09:28] {Jenh} will do
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -CLF -14% (pursuing exit options for Eastern Canadian operations)
01[09:28] {@Threei}  -VIPS -8% (earnings)
01[09:28] {@Threei}  -TSLA -2.3% (MS lowered FY15 EPS outlook)
01[09:32] {@Threei} Long Setup:  IWM  .90 break
01[09:32] {@Threei}  If holds  .80
01[09:33] {@Threei}  Invalidated
[09:35] {nemo} wtf
[09:36] {nemo} spy bounced S1
[09:38] {dino} vsm s aink 94.70
[09:38] {nemo} not 9:45 dino
[09:39] {dino} thx
06[09:39] * nemo smashes dino in the face with his own rules
[09:39] {dino} i know, i know
[09:40] {nemo} sit on your hands, palms up
01[09:40] {@Threei} Long Setup:  VXX  .60 break
[09:40] {dino} most likely i will pay for that
01[09:40] {@Threei}  If holds  .50
[09:40] {nemo} I'm your conscience..bwahahahahahahahahaha!!!!
[09:40] {nemo} now that's a scary frickin' thought
[09:41] {nemo} LVS looks short
01[09:41] {@Threei}  struggle
01[09:42] {@Threei}  let's tighten to .54
01[09:42] {@Threei}  opening plays should work faster
[09:42] {nemo} FED wednesday
[09:42] {nemo} op ex Wednesday
[09:42] {nemo} is Les here jinxing us?
[09:42] {dino} sncr blood
[09:43] {dino} fed today?
[09:43] {nemo} minutes
[09:43] {dino} ainc stopping out
06[09:44] * nemo gives dino a big I TOLD YOU SO!!!!
01[09:44] {@Threei}  1:1
06[09:44] * nemo slinks back to his cave
06[09:45] * dino slaps nemo around a bit with a large trout
06[09:45] * @Threei hands dino even larger trout
06[09:45] * nemo asks: speckled, brown, rainbow, lake, brook
06[09:45] * @Threei hands dino even larger trout with rebar inside
[09:45] {nemo} I grew up fly fishing for trout
[09:46] {RonS} crank the gulags:  "Outright bribery, theft, won’t go unnoticed,” Putin announced in corruption crackdown
06[09:46] * nemo thinks, "Must be a lake trout?"
01[09:46] {@Threei}  outright?
01[09:46] {@Threei}  other kinds are fine?
[09:46] {dino} putin, outright theft? what about crimea
01[09:47] {@Threei}  or his and his cohortes fortunes
[09:47] {nemo} old Chinese saying, "Steal a hook, hang as a crook.  Steal a kingdom, be made a duke."
[09:48] {RonS} kite flying
01[09:49] {@Threei}  soaring?
[09:49] {jfjf64} look fb chart
01[09:51] {@Threei}  untradable
01[09:51] {@Threei}  need it to calm down a bit
[09:53] {dino} vips hl l .95 stop .74
01[09:53] {@Threei}  1.4 more out
01[09:53] {@Threei}  1/4
01[09:54] {@Threei}  stop to .64
[09:54] {nemo} twtr
01[09:56] {@Threei}  1:2
01[09:56] {@Threei}  stop to .69
[09:57] {nemo} FB
01[09:58] {@Threei} Long Setup:  FB  .85 break
01[09:58] {@Threei}  If holds  .75
[09:58] {nemo} support @ .64 also
[09:58] {dino} baba gap filing 106.25
[09:58] {dino} filling too
[09:58] {jfjf64} one more drop
01[09:59] {@Threei}  no go
[10:01] {nemo} FB
[10:01] {nemo} .70 break likely
[10:01] {nemo} stop .60
[10:01] {nemo} touched support from the 13th
[10:01] {nemo} 12th
[10:02] {dino} ainc vsm s .60
[10:03] {dino} out vips .20, +.25
[10:04] {nemo} nothing green on algo
01[10:05] {@Threei}  1:3
01[10:05] {@Threei}  out
[10:06] {nemo} FB
01[10:10] {@Threei} Long Setup:  LVS  .85 break
01[10:11] {@Threei}  If holds  .80
01[10:11] {@Threei}  Invalidated
[10:11] {nemo} looking for .60 bounce myself
[10:14] {jfjf64} lets go fb
01[10:14] {@Threei} Long Setup:  FB  70 break
01[10:15] {@Threei}  If holds  .60
[10:18] {jfjf64} need Russian boots steel toe pls
[10:19] {Jenh} nice work with steel boots
01[10:21] {@Threei}  stop to .64
01[10:21] {@Threei}  1:1
01[10:21] {@Threei}  by the book from here
[10:21] {jfjf64} what book
01[10:21] {@Threei}  THE book
[10:25] {dino} wtf ainc off my screen
[10:31] {jfjf64} iwm
[10:40] {_chasj} jfjf64 you were right about IWM short
[10:41] {_chasj} jfjf64 you were right about  IWM short
[10:41] {jfjf64} yes
[10:42] {_chasj} you were right about IWF short
01[10:43] {@Threei}  ummm
01[10:43] {@Threei}  you think he didn;t get it first time? :)
[10:43] {jfjf64} ?
[10:43] {JoebiWan} chas shootin blanks
[10:44] {nemo} meds, dude
[10:44] {jfjf64} oh boy
01[10:44] {@Threei} Long Setup:  FB  .70 break
01[10:44] {@Threei}  If holds  .60
[10:44] {jfjf64} lets go vg
[10:44] {_chasj} won't print
[10:45] {jfjf64} get this party going
[10:45] {jfjf64} shot in hand
[10:45] {jfjf64} .71 cheers
[10:45] {nemo} good idea
[10:45] {jfjf64} hv to wait
[10:46] {jfjf64} what ya drinkin nemo
[10:46] {jfjf64} little early for ya
[10:46] {nemo} New Amsterdam Vodka
[10:46] {jfjf64} nevertried
[10:46] {nemo} IWM
[10:46] {jfjf64} like vol bar
[10:47] {jfjf64} red
[10:47] {jfjf64} gld getting beat down
[10:49] {nemo} grind up yesterday, drip down today
01[10:55] {@Threei}  1:1
01[10:55] {@Threei}  http://globalnews.ca/news/1680489/video-of-grizzly-bear-photographer-shows-playful-curious-bear/
[10:58] {_chasj} I would type it in and wuoldn't show
[10:59] {_chasj} Had to log out & back in
01[10:59] {@Threei}  you changed font color to white
01[10:59] {@Threei}  so you couldn't see it, but we could
[10:59] {_chasj} OH!
01[10:59] {@Threei}  3 times :)
[10:59] {_chasj} lol
[11:01] {_chasj} made 1st trade in room while i was incognito and it worked thanks....   getting confidence
01[11:02] {@Threei}  vool beans
01[11:02] {@Threei}  c
[11:02] {dino} gj
[11:02] {nemo} you drool beans?
[11:02] {Jenh} nice chasj!
[11:03] {_chasj} thanks all
[11:03] {RonS} hey dino...
[11:03] {dino} yeah?
[11:04] {RonS} mnk...watching for 83.50 and europe close at bottom of hour...
[11:04] {dino} on screen
[11:06] {RonS} omg, mexicans taking old roof off neighbor's house...like waiting on train wreck...
[11:06] {JoebiWan} it is... never seen the wreck though
[11:06] {jfjf64} vg iwm here ?
[11:07] {RonS} how any of these guys are still alive is beyond me...
[11:07] {nemo} this looks bottomish
01[11:07] {@Threei}  can't tell
[11:07] {nemo} spy finnies Qs look long, IWM needs viagra
01[11:08] {@Threei}  Jen, look pm please
[11:08] {jfjf64} oh boy
[11:08] {Jenh} pm?
01[11:08] {@Threei}  provate message
01[11:08] {@Threei}  private
[11:09] {nemo} or dcc
[11:09] {jfjf64} careful jen
[11:09] {jfjf64} lol
[11:09] {nemo} it's vad, it's o.k.  if it were me....
[11:09] {jfjf64} I make my self laugh
[11:09] {dino} mnk sm l .23
[11:09] {jfjf64} that's true nemo
[11:09] {nemo} you're the only one
[11:10] {jfjf64} lol
[11:10] {JoebiWan} gld tightening
01[11:10] {@Threei}  lol
[11:10] {jfjf64} hey ya back that was quick
[11:10] {JoebiWan} oh god
[11:11] {nemo} padawan, it's the FORCE!!!!
[11:11] {jfjf64} god not permitted in room
[11:11] {nemo} he's a jr.  jedi
[11:11] {JoebiWan} why are other imaginary things?
[11:11] {JoebiWan} like unicorns?
[11:11] {nemo} huh?
[11:12] {nemo} wtf?
[11:12] {jfjf64} lol
[11:12] {jfjf64} wtf
01[11:12] {@Threei}  unicorns are allowed only when wrapped in bacon
[11:12] {dino} mmmm bacon
[11:12] {nemo} bacon wrapped in bacon
[11:13] {jfjf64} was thinkin samedino
[11:13] {dino} mnk stop .91
[11:13] {dino} not my week guys
01[11:13] {@Threei} Long Setup:  DAL  44 break
01[11:13] {@Threei}  If holds  .90
[11:14] {jfjf64} all good dino
[11:14] {jfjf64} ya human
[11:14] {jfjf64} beer some bacon
[11:14] {jfjf64} get em tommorrow
[11:14] {dino} thx
[11:15] {jfjf64} this mkt sucks
[11:15] {nemo} some days you get the bear....
[11:15] {nemo} VWAP run
[11:15] {nemo} LVS
[11:16] {jfjf64} what mks ya think that nemo
[11:17] {nemo} because SPY is almost there
[11:17] {nemo} just the look
[11:17] {nemo} finnies almost there
[11:17] {jfjf64} k
[11:17] {jfjf64} just question
[11:17] {nemo} just answer
[11:17] {jfjf64} like ta pick ya brain
[11:17] {nemo} I don't expect it to go much above until the minutes
[11:18] {nemo} that's a real short job there jf
[11:18] {jfjf64} naa
[11:19] {jfjf64} lvs gets to vwap send ya bottle new amstedame vodka
[11:19] {nemo} jf, see if you can find "Hangar 1" and try that...awesome
[11:20] {jfjf64} will look for it
[11:20] {jfjf64}  wher is that made
[11:21] {RonS} vat?
[11:22] {RonS} Hanger 10 from Hawaii?
[11:24] {RonS} http://en.wikipedia.org/wiki/Hangar_One_(Mountain_View,_California)
[11:24] {RonS} goog just leased it...lol
[11:27] {RonS} NASA & GSA select Planetary Ventures (a subsidiary of Google) to manage Hangar One and Moffett airfield,[17][18][19] and Google pays $1.16 billion over 60 years for the lease
[11:29] {RonS} the Navy sub finders used to fly out of there...out in the a.m., in at night...for decades
01[11:29] {@Threei}  Invalidated
[11:34] {jfjf64} going to lunch see ya later boys/gals
[11:38] {RonS} sheesh wmt
[11:38] {_chasj} VAL working after all
01[11:41] {@Threei}  yeah
01[11:41] {@Threei} Long Setup:  GB  .90 break
01[11:41] {@Threei}  If holds  .80
[11:41] {RonS} gb?
01[11:41] {@Threei}  FB
[11:41] {Jenh} gb?
01[11:41] {@Threei}  sorry
01[11:41] {@Threei}  still there though
01[11:42] {@Threei}  broke
[11:42] {dino} gild hl l .00
01[11:43] {@Threei}  1:1
01[11:45] {@Threei}  1:2
01[11:45] {@Threei}  jf be crying
01[11:46] {@Threei}  and nemo be like bwahahaha
[11:46] {dino} out gild .30, +.30
01[11:46] {@Threei}  wtg
[11:46] {dino} ty
[11:52] {RonS} agio wow
01[12:14] {@Threei}  Equity indices and the 10-year have both been seeing losses this morning ahead of the release of the October FOMC meeting minutes. The 10-year UST yield is up 3.5 bps to 2.35%. Bets are off as traders wait for clarity on the changes made to the Fed's statement last month.
01[12:14] {@Threei}  Data continues to show that the US housing market is looking pretty healthy. The October housing starts and building permit totals climbed to a six-year high. Single-family home starts last month hit the best pace in nearly a year at 696K
01[12:14] {@Threei}  This afternoon the Fed will release its minutes from the October meeting, during which the FOMC's policy statement underwent notable changes. Observers will be looking for color on the debates that shaped the changes, including the retention of the infamous "considerable time" clause and the replacement of "significant underutilization of labor resources" with a line saying that labor market slack was "gradually diminishing."
01[12:15] {@Threei}  Gold and EUR/CHF were whipped around ahead of polls on the Swiss gold referendum. Ahead of the release of the poll numbers at 11:00ET, spot gold dropped 1.5%, to $1,178 while EUR/CHF spiked up to 1.2026. The SRF/Ecopop poll showed 39% of respondents in favor of "Save Our Gold" referendum and 56% opposed, as support for the gold measures melts away.
01[12:15] {@Threei}  gosh... poor goldbugs won't survive this
01[12:15] {@Threei}  they put so much hope in this referendum
01[12:32] {@Threei}  The head of east Ukraine’s separatist People’s Republic of Luhansk (LNR) has challenged Ukrainian President Petro Poroshenko to a duel to bring a decisive end to the conflict between government loyal forces and pro-Russian rebels in Ukraine’s east.
01[12:32] {@Threei}  debil
[13:24] {JoebiWan} too bad DAL invalidated
[13:26] {JoebiWan} at 1:7 lol
01[13:29] {@Threei}  ah well
01[13:29] {@Threei}  sometimes you catch them, sometimes they get away
01[13:29] {@Threei}  and sometimes it rains
[13:50] {_chasj} slow pm
01[13:50] {@Threei}  well, Fed day
01[13:50] {@Threei}  everyine is hunkering down
01[13:51] {@Threei}  you read that article on boring trading, right?
[13:51] {_chasj} yes
01[13:52] {@Threei}  good... implement the concept and learn to enjoy the boredom :)
01[13:52] {@Threei}  profit is first... entertainment is second
[13:53] {JoebiWan} should pick up in a bit, no?
01[13:53] {@Threei}  after Fed minutes, yes
[13:53] {nemo} miss me
01[13:54] {@Threei}  yes but we are resolved to aim better next time
[13:56] {nemo} not bad
[13:57] {nemo} decided with all the excitement to take my father grocery shopping
[13:57] {nemo} it's kinda' like herding cats
01[13:59] {@Threei}  FB looks short
01[13:59] {@Threei}  undless minutes interfere
[13:59] {nemo} GMCR WLP
[13:59] {nemo} look short
01[13:59] {@Threei}  (US) MINUTES OF THE OCT 28-29TH FOMC MEETING: INFLATION WAS MODERATELY BELOW 2% LEVEL; DECIDED NOT TO COMMENT ON MARKET VOLATILITY; COULD BE SOON HELPFUL TO CLARIFY PACE OF INTEREST RATE HIKES
[14:02] {nemo} o.k. need the obligatory new ATH
01[14:04] {@Threei} Long Setup:  FB  .95 break
01[14:05] {@Threei}  If holds  .85
01[14:16] {@Threei}  ok FB, held like a champ, now go
01[14:16] {@Threei}  run
01[14:16] {@Threei}  fly
01[14:17] {@Threei}  and, I am not efraid to say so, iqksploude
[14:18] {JoebiWan} efraid.... fear of the internet?
01[14:19] {@Threei}  yes, electronic version
01[14:19] {@Threei}  ugh
[14:26] {nemo} Fed Wednesday in OP EX week
[14:31] {nemo} they might be looking to pin spy at 205
[14:35] {nemo} FB
[14:40] {_chasj} lost my internet server
[14:41] {RonS} CenturyLink?
[14:42] {_chasj} comcast
[14:43] {_chasj} glad i as was in a trade
[14:45] {_chasj} glad i was not in a trade, bad typing today
[14:58] {nemo} FB might be a short here below .60
01[15:01] {@Threei}  looks good
[15:02] {nemo} Democracy is a pathetic belief in the collective wisdom of individual ignorance. - H. L. Mencken
[15:03] {nemo} it had that drippy look
[15:07] {RonS} sounds like gruber studied Mencken...
01[15:07] {@Threei}  lol
[15:07] {nemo} it's simply statistics
[15:08] {nemo} bell curve says 84.1% of people are organically of average or less intelligence
01[15:09] {@Threei}  but 90% consider themthelves belonging to upper 10%
[15:09] {_chasj} gruber is the stupid one for divulging what he did
01[15:09] {@Threei}  idiots like him are always arrogant
[15:09] {nemo} in the day of the smartphone, and go pro, everything is recorded
01[15:10] {@Threei}  just ask Romney
[15:10] {nemo} might get a 73 test out of FB if the indexes cooperate
[15:10] {nemo} that was whom of which I was thinking
[15:11] {nemo} or of whom I was thinking
[15:11] {_chasj} Romney still has not admitted that is was wrong for Mass.
[15:11] {nemo} he's actually a very nice guy
[15:11] {nemo} a friend of mine was his Bishop
[15:12] {_chasj} I know i like him but he would have done better if he had admitted that it was bad
[15:13] {nemo} if what was bad?
[15:13] {nemo} looks like indexes might cooperate
01[15:13] {@Threei} Long Setup:  IWM  .20 break
01[15:14] {@Threei}  If holds  .10
[15:14] {nemo} I'll fade that, thank you
[15:14] {_chasj} the healthcare for Mass that was the forerunner to obama care, gruber was instrumental in that as well
[15:14] {nemo} two different programs
[15:14] {nemo} function differently
[15:16] {nemo} stop above .35 FB
[15:16] {nemo} S3 is 73
[15:16] {_chasj} maybe not that different but one of the reasons he was not elected was Romney care, again I like him & voted for him
[15:17] {nemo} I think the Carter video is what fucked him
[15:18] {_chasj} that & the last debate with BO
[15:18] {nemo} yeah, I didn't see that
[15:18] {nemo} Obama is a a great orator...and that's about it
[15:19] {nemo} o.k. indexes not cooperating
[15:19] {nemo} 3:20, starting the rally early
[15:19] {_chasj} not only as he attacked by BO but by the narrator as well
[15:19] {nemo} as most republican candidates are...look what happened in NH
01[15:20] {@Threei}  1:1
01[15:20] {@Threei}  1:2
[15:20] {_chasj} true
01[15:20] {@Threei}  15:14] {nemo} I'll fade that, thank you {--- no, thank you for that fade
[15:20] {jfjf64} was waitin for ya vg
[15:20] {jfjf64} thougt ya fell off chair again
01[15:21] {@Threei}  fell? I never bother to get up
[15:21] {jfjf64} go iwm
01[15:21] {@Threei}  I crawl to my computer, peek over the desk and slump back the floor
[15:22] {nemo} nah, it never dropped .15, which is what I was looking at as a trigger
[15:22] {jfjf64} .60 was trigger
[15:22] {jfjf64} ty
[15:22] {jfjf64} neeemoooooooooo
[15:22] {nemo} I'm just curious when they might throw a 3:30 drop at us instead of a rally...they're conditioning the rats
01[15:22] {@Threei}  I know but I can't help myslef
[15:22] {nemo} IWM jffffffffffffffffffffffffffffffff
[15:22] {nemo} FB was .60
[15:22] {nemo} pisdah
[15:23] {nemo} pizdah
[15:23] {jfjf64} 14:58 nemo
[15:23] {nemo} holy shit, market is red
[15:24] {jfjf64} fb short here
[15:24] {nemo} right
[15:24] {nemo} then I talked about fading Vad's IWM call, where he was calling the stop @.10
[15:24] {jfjf64} exactly
[15:25] {jfjf64} then I played vg call
[15:25] {jfjf64} ran from fb
[15:25] {nemo} both worked
[15:25] {jfjf64} yes
[15:25] {nemo} I need a shot
[15:25] {jfjf64} ty
[15:25] {nemo} let's see
[15:25] {jfjf64} mee to
[15:25] {nemo} vodka, or .40 cal
[15:25] {nemo} mmmmhhhhh
[15:25] {jfjf64} what was bottle ya told me to try
[15:26] {nemo} Hangar 1
[15:26] {nemo} almost a sweetness to it
[15:26] {nemo} $25 for 750 ml here
[15:26] {jfjf64} wiil see if my liquor store has tonight
[15:26] {nemo} New Amsterdam is 1.75 ml for 16.99 and remarkably smooth
[15:27] {jfjf64} I hv to ask the Russian what he thinks of hanger 1
[15:27] {jfjf64} you try vg
[15:27] {nemo} My russian loved it
[15:27] {jfjf64} lol
[15:27] {nemo} brought some to russia with him
[15:27] {nemo} I'm not kidding
[15:28] {jfjf64} really
[15:28] {nemo} Vad...tell him
[15:28] {jfjf64} he still on floor
[15:28] {jfjf64} don't mind him today
[15:28] {nemo} changing his Depends more than likely\
[15:28] {jfjf64} lol
[15:28] {nemo} yeah, I'm not kidding jf
[15:28] {nemo} I'll show u a video of him
[15:29] {jfjf64} depends or hanger 1
[15:29] {nemo} my Russian friend
[15:29] {jfjf64} fb
[15:29] {jfjf64} should of held piece
[15:30] {nemo} dcc jf
[15:30] {jfjf64} 73.58
[15:30] {nemo} yeah, too tight a stop should have kept it above that .45 swing hihg
[15:30] {nemo} high
01[15:31] {@Threei}  haven't seen it in our stores
[15:32] {nemo} FB looks long here
[15:36] {RonS} have Gallo wine?
[15:36] {nemo} Ernest and Julio
01[15:38] {@Threei} Long Setup:  FB  .25 break
01[15:38] {@Threei}  If holds  .15
[15:41] {nemo} son now IWM lets go
01[15:42] {@Threei}  valid still
[15:43] {nemo} SPY holding vwap
[15:43] {nemo} c'mon they can't let the market close red...wtf
01[15:43] {@Threei}  change to .15 break
01[15:44] {@Threei}  If holds  .10
[15:47] {nemo} how many liters of vodka a day is too much?
[15:47] {dino} out gnw calls from last week +.20/13%
[15:48] {nemo} what's the closest etf to crude...uso?
01[15:48] {@Threei}  yeah
[15:48] {dino} yes
[15:48] {RonS} ya, but it's screwed up...
[15:49] {RonS} uses a mix of futures...
[15:49] {nemo} yeah, but gives a general picture, looks like it'll tes the lows
01[15:49] {@Threei}  and lose it
[15:49] {dino} could try "pil"
[15:49] {dino} oil
[15:50] {nemo} looks the same
01[15:51] {@Threei}  1:1
[15:51] {dino} try dig
[15:51] {nemo} for what?
[15:51] {nemo} Vad...what's 1:1
[15:51] {nemo} ahhh, I see
01[15:51] {@Threei}  15:43] {@Threei} change to .15 break
01[15:51] {@Threei}  fb
01[15:52] {@Threei}  nice finishing touch
[15:52] {dino} oil
[15:53] {JoebiWan} yeah. pretty decent day here
[15:53] {dino} gj guys
[15:54] {jfjf64} gn all
[15:54] {jfjf64} ty vg
01[15:54] {@Threei}  1:2
[15:54] {jfjf64} nemo off to liquor store
01[15:54] {@Threei}  you too jf
[15:55] {JoebiWan} thx vad cya all
01[15:55] {@Threei}  jw :)
01[15:55] {@Threei}  ok guys, thank you all
01[15:55] {@Threei}  have a great evening, see you tomorrow
[15:56] {_chasj} great ending
01[15:56] {@Threei}  I would say, happy ending
01[15:56] {@Threei}  but I won't
[15:56] {dino} lol
[16:00] {dino} gmcr blood


Tuesday, November 18, 2014

Nov 18 2014

Positive day although still a bit boring and slowish. 



Session Time: Tue Nov 18 00:00:00 2014
[09:00] {dino} gm
[09:00] {JoebiWan} mornin
01[09:01] {@Threei}  dino, jw :)
[09:02] {_chasj} gm, I am new, ? if setup triggers resistance at $10 is broken. Does that mean that you get in at exactly @ $10.01 or wait for a close at 10.01 or above?
01[09:02] {@Threei}  hi chas
[09:03] {_chasj} Hi
01[09:03] {@Threei}  as soon as offer at 10 is broken, and perints go above it, we enter
01[09:03] {@Threei}  prints
01[09:03] {@Threei}  no waiting for close, too much can happen withn one min
01[09:03] {@Threei}  you are likely to miss the trade
[09:04] {_chasj} Thank You
01[09:04] {@Threei}  np
01[09:04] {@Threei}  make sure you read http://www.realitytrader.com/tradingroom/#instructions
[09:05] {_chasj} I have will read again
[09:07] {dino} welcome -chasj
[09:07] {_chasj} thanks dino
[09:10] {Jenh} gm
01[09:10] {@Threei}  jen :)
[09:12] {_chasj} another ? do you get in with market price or stop market?
01[09:14] {@Threei}  neither
01[09:14] {@Threei}  limit order, couple cents away from current price
01[09:15] {@Threei}  in your exa,ple, as soon as 10 is broken, limit order at 10.02 is sent,
01[09:15] {@Threei}  it will get you shares at 10.01 and maybe 10.02, but not higher
[09:15] {_chasj} thanks 3i
01[09:15] {@Threei}  market order could get you in too high if stock spikes fast after the break
01[09:21] {@Threei}  Japan PM Abe formally delayed the 2nd phase of the planned sales tax hike and to dissolve Parliament on Friday, Nov 21st to prepare for snap elections
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -ONVO +12% (announced commercial release of the exVive3D human liver tissue)
01[09:27] {@Threei}  -TERP +18%
01[09:27] {@Threei}  -SUNE +11% (deal to with TERP acquire First Wind for $2.4B)
01[09:27] {@Threei}  -JASO +9% (earnings)
01[09:27] {@Threei}  -ZTS +2% (analyst day today)
[09:27] {jfjf64} morning all
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -NBS -22% (announced initial data from Phase 2 PreSERVE AMI clinical trial)
01[09:27] {@Threei}  -OME -21% (earnings)
01[09:27] {@Threei}  -CYTR -13% (announced partial clinical hold affecting Aldoxorubicin)
01[09:27] {@Threei}  -FOLD -6% (offering $75M in shares)
01[09:27] {@Threei}  -CORR -6% (offering 13M shares)
01[09:27] {@Threei}  -URBN -4.5% (earnings)
01[09:28] {@Threei}  jf :)
01[09:28] {@Threei}  RIO, VALE BHP are down on iron ore prices
01[09:35] {@Threei} Long Setup:  MCD  .60 break
01[09:35] {@Threei}  If holds  .50 
[09:37] {nemo} S&P going for ATH
01[09:37] {@Threei} Short Setup: FB  .40 break
01[09:37] {@Threei}  If holds  .50 
01[09:37] {@Threei}  fast...
01[09:37] {@Threei}  1:1  
[09:37] {jfjf64} go away
01[09:39] {@Threei}  MCD, change to .45 break
01[09:40] {@Threei}  If holds  .40 
01[09:40] {@Threei}  sheesh
[09:41] {JoebiWan} teleport
01[09:41] {@Threei}  yes
[09:41] {jfjf64} you say sheees I say shit
[09:41] {nemo} like you have a mouthful
[09:42] {JoebiWan} did you enter on pullback? or no, because hit 1:1 so fast
[09:42] {nemo} he usually doesn't enter on pullback if already hit 1:1
[09:42] {JoebiWan} ty
01[09:43] {@Threei}  right
01[09:43] {@Threei} Long Setup:  FB  .45 break
01[09:44] {@Threei}  If holds  .35 
[09:44] {jfjf64} patience
01[09:44] {@Threei}  valid
01[09:45] {@Threei}  lol
[09:45] {JoebiWan} that was awesome
01[09:45] {@Threei}  wasn't it
[09:45] {jfjf64} wtf
[09:45] {JoebiWan} somehow i got in
01[09:45] {@Threei}  get out
[09:45] {nemo} don't you mean, "shit" jf?
[09:45] {JoebiWan} i did lol
01[09:45] {@Threei}  hehe
01[09:45] {@Threei}  wtg
01[09:46] {@Threei}  what price you got?
[09:46] {JoebiWan} .46
01[09:46] {@Threei}  and you are unhappy with logix, lol
[09:46] {Jenh} nice!
[09:46] {jfjf64} wow
[09:46] {Jenh} gj
[09:46] {JoebiWan} not unhappy, just miss DAS :)
[09:47] {nemo} Ram Das?
01[09:47] {@Threei}  yeah, my buddy tried that once... his wife somhow didn't buy "I am not unhappy with you, just miss my gf of 10 years ago"
[09:47] {JoebiWan} hahaha
[09:48] {nemo} probably had something to do with oral skills
[09:48] {nemo} oh yeah, just got out of a tree
01[09:49] {@Threei} Long Setup:  JPM.37  break
01[09:49] {@Threei} Long Setup:  JPM  .37 break
01[09:49] {@Threei}  If holds  .30 
01[09:55] {@Threei} Long Setup:  FB  .60 break
01[09:55] {@Threei}  If holds  .50 
[09:57] {jfjf64} vxx.15 break
[09:57] {jfjf64} like
01[09:58] {@Threei}  no go FB
01[09:59] {@Threei}  1:1  JPM 
01[10:00] {@Threei}  *(US) NOV NAHB HOUSING MARKET INDEX: 58 V 55E
01[10:03] {@Threei} Long Setup:  TWTR  .95 break
01[10:03] {@Threei}  If holds  .85 
[10:03] {nemo} twtr
[10:03] {nemo} sorry
01[10:06] {@Threei}  1:1  
01[10:11] {@Threei}  1:2  
01[10:11] {@Threei}  1:2  JPM  too
01[10:11] {@Threei}  life becomes brighter
[10:11] {JoebiWan} great start TY vad
06[10:11] * @Threei slaps jfjf64 around a bit with a with dose of patience
[10:11] {RonS} twtr +.23 here thanks 3i
01[10:11] {@Threei}  yw
[10:12] {jfjf64} patience my friend
[10:12] {JoebiWan} brb
[10:14] {nemo} remember the old saying "escalator up, elevator down"?
[10:14] {nemo} other way around now
[10:23] {dino} anet smr l .87 thinny
[10:25] {RonS} hal l .72 thicky
[10:25] {dino} lol
[10:28] {nemo} iwm bounce
01[10:28] {@Threei}  out JPM
01[10:28] {@Threei}  1:3 is close enough
01[10:39] {@Threei}  wow... it has more
01[10:39] {@Threei} Short Setup: FB  .35 break
01[10:39] {@Threei}  If holds  .45 
01[10:41] {@Threei}  Invalidated  
[10:46] {RonS} nemo to Chile?  Chilean thieves have a new way of stealing cash from ATMs: they blow them up
01[10:47] {@Threei}  how unsophisticated
[10:47] {nemo} LVS
[10:48] {jfjf64} cat
[10:48] {jfjf64} keeps getting hit
[10:48] {RonS} dks whacked
[10:49] {JoebiWan} omg lol
[10:49] {nemo} dicks is limping
[10:49] {RonS} sorry dks bris
[10:49] {jfjf64} ouch
[10:51] {dino} lol
01[10:53] {@Threei}  while market is unclear, let me distract you with this:
01[10:53] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/747353012010883/?type=1&comment_id=747355965343921&reply_comment_id=747361202010064&offset=0&total_comments=8&notif_t=photo_comment
01[10:53] {@Threei}  acrually better link https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/747353012010883/?type=1&theater
[10:55] {_chasj} great photos 3i
01[10:56] {@Threei}  ty
[10:56] {JoebiWan} very nice
01[10:59] {@Threei} Long Setup:  IWM  .50 break
01[10:59] {@Threei}  If holds  .40 
01[11:01] {@Threei}  half out
01[11:01] {@Threei}  .60 might be tough to break
01[11:01] {@Threei}  let's lighten the load
01[11:01] {@Threei}  stop to .45
[11:03] {dino} baba smr l .51
01[11:03] {@Threei}  meh
[11:03] {jfjf64} baba
[11:03] {nemo} I see that as a vwap short dino
[11:04] {dino} out baba .95, +.44
[11:04] {RonS} stunning volume
[11:04] {jfjf64} nice
[11:05] {RonS} that trade reminds me of cc9...
[11:05] {dino} ty
[11:06] {nemo} wonder if he's in prison yet
[11:06] {dino} that guy had cajones
[11:06] {dino} smr l .01 bava
[11:06] {dino} baba
[11:07] {RonS} gl, can't watch any more LII making me dizzy...
[11:09] {dino} baba stop .89 -.12
[11:09] {nemo} tight stop for you
[11:11] {dino} pulp
[11:12] {RonS} ya want pulp?...jdst
[11:12] {dino} ainc
[11:14] {dino} ainc vsm s .78
[11:14] {dino} .76
[11:15] {RonS} what the heck is it, vinfiz and stocktwits does not show...
[11:15] {dino} ashford inc, hotel i think
[11:15] {jfjf64} fb
[11:15] {jfjf64} lod
[11:16] {RonS} new issue with no volume...roach motel...
01[11:16] {@Threei}  it's a spinoff of AHT, Rpn
01[11:16] {@Threei}  ron
01[11:16] {@Threei}  gfresh, just several days ago
[11:17] {dino} may have made a mistake on it
01[11:17] {@Threei}  11 Nov 21:26 [AHT] Announces distribution ratio for spin-off of Ashford Inc - Announced that the distribution ratio for the spin-off of Ashford Inc. (NYSE MKT: AINC) common stock will be one share of Ashford Inc. common stock for every 87 shares of Ashford Trust common stock held by such stockholder on November 11, 2014 (the "Record Date").
[11:24] {nemo} JPM
[11:32] {nemo} sheesh look at some of the share sizes in SPY
[11:32] {nemo} 5, 6, 7 share lots
[11:32] {nemo} 66
[11:32] {nemo} 3
[11:32] {nemo} wtf
[11:33] {RonS} signaling...
[11:33] {nemo} or algo probing
[11:33] {RonS} don't algo probe me dude...
01[11:34] {@Threei}  lol
[11:37] {nemo} FB
01[11:49] {@Threei} Long Setup:  FB  .15 break
01[11:50] {@Threei}  If holds  .05 
01[11:53] {@Threei}  Invalidated  
01[11:53] {@Threei}  still on radar though
[11:53] {nemo} lunch time
[11:55] {dino} kof drop
[11:55] {jfjf64} lower to me fb
[11:55] {dino} sm l .55
[11:55] {jfjf64} and mkt
01[11:57] {@Threei} Long Setup:  TZA  .55 break
01[11:57] {@Threei}  If holds  .50 
01[11:58] {@Threei}  FB valid again
01[11:58] {@Threei}  same setip
01[11:58] {@Threei}  i=u
[12:00] {_chasj} what does  i=u mean?
[12:00] {jfjf64} hmm
01[12:00] {@Threei}  correcting mistype in word setup
[12:00] {nemo} he does it alot
[12:01] {_chasj} thanks
06[12:02] * @Threei slaps nemo around a bit with a code book that says "dude doth point out other dude's mistypes not"
[12:02] {_chasj} lol
01[12:03] {@Threei}  and... "alot?"
06[12:05] * @Threei kicks FB in the rear
[12:05] {nemo} sorry "dude"
[12:05] {nemo} he does it "often"
01[12:05] {@Threei}  call me simply Your Dudeness
[12:05] {nemo} sacrilege
01[12:05] {@Threei}  1:1  
06[12:07] * @Threei wears heavy duty military boots saved from Russian Army times and repeatedly kicks FB in the rear
[12:07] {nemo} expropriated
01[12:07] {@Threei}  why, they let you keep it after dismisssal
[12:08] {nemo} see what I mean chas
[12:08] {JoebiWan} snake!
[12:08] {nemo} ?
[12:08] {JoebiWan} sssss
[12:08] {nemo} listen padawan
[12:09] {JoebiWan} sup nemo
06[12:09] * @Threei grabs a bag of popcorn
[12:09] {_chasj} Fun trading room, just watching for first day but loving it!!!
[12:09] {nemo} oh, thought you were gonna' bust my balls
01[12:09] {@Threei}  hehe
[12:09] {nemo} was waitin'
[12:09] {dino} stop kof .25 -.30.
[12:09] {dino} not my day, taking hour break
01[12:10] {@Threei}  lunch time trading can be boring... gotta keep ourselves entertained
[12:10] {nemo} yeah, had a trap door stop this monring myself
01[12:10] {@Threei}  and good trading is always boring btw
[12:10] {nemo} Joebi, was that a Sig you got back?
[12:11] {JoebiWan} yeah Sig 1911 c3
01[12:11] {@Threei}  read this after we are done with FB:
01[12:11] {@Threei}  http://blog.realitytrader.com/2012/10/unbearable-boredom-of-trading.html
[12:11] {nemo} right
[12:11] {JoebiWan} wasn't damaged at all thankfully
[12:11] {nemo} we'll have to start calling you Kundera
[12:12] {nemo} that's a steel lower though if I remember correctly
[12:12] {nemo} not alloy like their P series
[12:13] {JoebiWan} you are correct
[12:13] {nemo} I take a field trip to their Exeter HQ every once in a while..they'll let you shoot what they got
[12:13] {JoebiWan} awesome
[12:14] {nemo} They had a world wide corporate reorg last year, doing business with them, especially in MA has gotten a bit squirrely
[12:14] {nemo} BHI
01[12:22] {@Threei}  LOL... jf can't stand it
01[12:25] {@Threei}  closed FB
01[12:25] {@Threei}  too bad, for a min looked like a good move was coming
[12:35] {nemo} mmmhhhh...maybe JF and Jen are dating
[12:36] {nemo} maybe not
[12:36] {Jenh} g2g 
[12:36] {Jenh} getting new computer 
01[12:36] {@Threei}  PC?
[12:36] {Jenh} bye everyone! good luck trading 
01[12:36] {@Threei}  take care jen
[12:36] {Jenh} yeah. 
[12:37] {Jenh} thanks for the advice nemo
[12:37] {Jenh} with the computer companies 
[12:37] {nemo} oh shit
[12:37] {Jenh} bye
[12:37] {RonS} lol
01[12:37] {@Threei}  Surprisingly big gains in the Eurozone and Germany ZEW business conditions survey provided a rare glimmer of hope for the European economy, driving equity gains and helping to stem the softness in the euro. In addition, Japan PM Abe has called new elections after the terrible GDP data.
[12:37] {nemo} reminds me of when I convinced a friend of mine to go through chemo
01[12:38] {@Threei}  WTI crude prices dipped back below $75 this morning. In the US, the EIA warned that shale oil production could flatten out if WTI crude prices fell to $60/bbl
01[12:38] {@Threei}  sheesh... poor oil exporters
[12:38] {nemo} duh...that's the whole point
01[12:38] {@Threei}  yup
[12:39] {nemo} whack solar shale and alternatives
01[12:40] {@Threei}  Saudis (and the rest of arab oil producers), Iran, Russia, Venezuela and in lesser degree Canada
[12:41] {_chasj} missed FB
01[12:41] {@Threei}  as far as Canada is concerned it won't be huge shock on the country scale, but Alberta will be devastated
01[12:45] {@Threei}  wow
01[12:45] {@Threei}  someone just bought this photo of mine for $100: http://www.arrestinglight.com/p887556776/h31208483#h31208483
01[12:46] {@Threei}  caviar on a cake of trading profits for the day :)
[12:46] {JoebiWan} gj 
[12:47] {JoebiWan} you sell photos often?
01[12:47] {@Threei}  regularly
01[12:47] {@Threei}  but online version rarely goes for this kind of price
[12:47] {nemo} how'd that happen?
[12:47] {nemo} acn
[12:47] {nemo} sorry
01[12:48] {@Threei}  http://www.arrestinglight.com/ is my photography site
[12:57] {JoebiWan} nice pics vad. How long have you been fotograefickin?
[12:58] {nemo} valiant effort
[12:58] {JoebiWan} lol
01[12:58] {@Threei}  lol
[12:58] {nemo} mixed foto and ficken....impressive
01[12:58] {@Threei}  on and off, since childhood
01[12:59] {@Threei}  my very first camera: http://ru.pc-history.com/wp-content/uploads/smena-6.jpg
[13:05] {_chasj} FB like a rocket
[13:06] {nemo} BHI 65
[13:08] {jfjf64} ya like short or long nemo
[13:08] {jfjf64} I hv no read
[13:08] {nemo} hard to tell, it's up on takeover offer
[13:11] {nemo} what a grind up
01[13:12] {@Threei}  (NL) ECB's Knot (Netherlands): Low inflation is a global problem as a result of oil prices; have seen no classic deflation in the EMU - comments in Parliament
01[13:12] {@Threei}  exactly right
01[13:12] {@Threei}  these idiots scared of deflstion ignore the nature of it
01[13:12] {@Threei}  not all deflation is the same
01[13:13] {@Threei}  deflation due to lack of buying power, unemployment etc is bad, no doubt,
01[13:13] {@Threei}  but deflation caused by abundance of certain goods, ort mature technology is fine
01[13:14] {@Threei}  to put it simple, deflation by lack of demand vs abundance of supply
01[13:14] {@Threei}  VCR used to cost $400-600 when first came ouyt
[13:14] {nemo} now you can't buy them
01[13:14] {@Threei}  now you wouldn';t be able to sell it for $20
01[13:15] {@Threei}  and during whole technlogy cycle its price was sliding unstoppably
01[13:15] {@Threei}  how is it bad
01[13:15] {@Threei}  but idiots politicians make no such fine distinctions
01[13:15] {@Threei}  they are told deflation is bad, period
01[13:20] {@Threei} Long Setup:  IWM  .70 break
01[13:20] {@Threei}  If holds  .60 
01[13:21] {@Threei}  with trail to .64 after .75 break
01[13:21] {@Threei}  trrrail
[13:32] {dino} most deflation is in things you want, unflation in things you need, except fpr recent oil drop
[13:32] {dino} inflation not unflatiomn
01[13:33] {@Threei}  save is not much better dino
[13:33] {dino} no, typing too fast
01[13:34] {@Threei}  but it's OK, usually takes me three attempts until I get it right
01[13:34] {@Threei}  jeez IWM
[13:34] {nemo} put the vodka down first, Vad
01[13:34] {@Threei}  come on already
01[13:34] {@Threei}  now why would I do that??
01[13:34] {@Threei}  to look at this world with sober eyes?
01[13:34] {@Threei}  this is masochism
[13:35] {nemo} yes, being in this room is
01[13:35] {@Threei}  this is so untrue
01[13:35] {@Threei}  you yourself don't believe that
[13:36] {nemo} of course it is, masochists enjoy pain, that's why we're here
[13:36] {jfjf64} lol
[13:36] {nemo} now ur a frickin' mindreader!?
[13:36] {jfjf64} you2 r nuts
[13:36] {nemo} since when did you become a wife?
06[13:36] * @Threei slaps nemo around a bit with a with 2x4 endowed with rusty nails pointy ends out, demanding the truth, only truth and nothing but truth
[13:36] {nemo} why don't you go shopping for unicorns
01[13:37] {@Threei}  I bought all I needed yesterday
01[13:37] {@Threei}  out IWM
01[13:37] {@Threei}  and intend to make a shishkebab out of them today
01[13:38] {@Threei}  unicorn shiskebab: http://www.realitytrader.com/vad/Shishkebab11.jpg
[13:39] {JoebiWan} mmmmmm
[13:39] {JoebiWan} no bacon wrapped unicorn?
01[13:40] {@Threei}  nah, I prefer jam and flies on separate plates
[13:48] {dino} dead afternoon
[13:51] {nemo} like lVS long here 3i
[13:51] {nemo} little late
01[13:53] {@Threei}  ?
01[13:53] {@Threei}  UVS?
01[13:53] {@Threei}  I
01[13:53] {@Threei}  Mauna Kea on the Big Island dipped to 31F today
01[13:54] {@Threei}  sheesh... no place to hide
[13:54] {nemo} yeah, was looking at it @.55
01[13:54] {@Threei}  IVS??
[13:54] {RonS} what elevation?
[13:54] {nemo} LVS
[13:54] {dino} 15 degrees f here at 6:00 am, only 30 now
01[13:54] {@Threei}  4,205 m
01[13:54] {@Threei}  13,800 ft
[13:56] {RonS} well shit in CO it can be that temp at that altitude in Aug when denver is a 100...besides they have a volcanic flow for warmth...  :)
01[13:56] {@Threei}  yeah, heating by lava
[13:57] {RonS} ...the natural way... round up the greenies
01[13:57] {@Threei}  there is whole town over there warming up this way over last few months :)
01[13:57] {@Threei}  Pahoa
01[13:57] {@Threei}  https://www.youtube.com/watch?v=X8pxv_KaAAQ
[13:59] {_chasj} I'm in denver area 39f right now. but once skied in Vail @ 50 below wind chill
[14:00] {nemo} why?
[14:00] {_chasj} not for long!
[14:00] {jfjf64} why 2x
01[14:00] {@Threei} Long Setup:  CAT  .20 break
01[14:00] {@Threei}  If holds  .10 
[14:01] {RonS} got a friend in Denver named chas j...hmmm
[14:01] {nemo} how much u have to pay him?
01[14:02] {@Threei}  it's really incredible to see these footage from Big Island... those are my fsvorite places, absolutely awesome
[14:03] {_chasj} maybe we know each other
[14:03] {jfjf64} hmmmmmmm
01[14:03] {@Threei}  1:1  
[14:04] {jfjf64} lets get 1:4 vg
01[14:04] {@Threei}  I don't mind
01[14:04] {@Threei}  but you know cats... difficult to herd them
[14:05] {jfjf64} got to talk nice to emm
01[14:06] {@Threei}  cats or stocks?
01[14:06] {@Threei}  cats yes
01[14:06] {@Threei}  stocks, only violence
01[14:06] {@Threei}  1:2  
01[14:06] {@Threei}  heavy duty steel toe army boots
[14:07] {jfjf64} agree
01[14:33] {@Threei} Long Setup:  FB  .45 break
01[14:33] {@Threei}  If holds  .37 
01[14:37] {@Threei}  1:1  
[14:39] {nemo} sheesh
01[14:50] {@Threei}  VXX... on pullback to .95 should be a long
[14:51] {_chasj} door bell just rang, UPS, received The Master Profit Plan
01[14:51] {@Threei}  I know author...
[14:52] {_chasj} lol
01[14:52] {@Threei}  :)
[14:52] {dino} enjoy
01[14:53] {@Threei}  hope today has paid for it :)
01[14:53] {@Threei} Long Setup:  VXX  28 break
01[14:53] {@Threei}  If holds  .90 
01[14:53] {@Threei}  with trail to .94 after .05 break
[14:54] {_chasj} Just watching today
01[14:54] {@Threei}  nemo, not a word
[14:56] {_chasj} its ok got thick skin
[14:56] {_mindview} :)
01[14:56] {@Threei}  with nemo around, you better!
[14:56] {_chasj} ha ha
01[15:05] {@Threei}  ugh... guys, I have to apologize again, gotta leave earlier today. Last time, I am sure
01[15:05] {@Threei}  you know how to manage the eid
01[15:05] {@Threei}  should end with closing rally
01[15:05] {@Threei}  have a good evening, see you tomorrow
[15:57] {_chasj} bye all

Monday, November 17, 2014

Nov 17 2014

Not exactly our day as patterns were not strongly pronounced. Despite a few nice plays finished slightly negative. Oh well, not every day is going to be winning. 


Session Time: Mon Nov 17 00:00:00 2014
[08:53] {dino} gm
01[08:53] {@Threei}  dino :)
01[09:15] {@Threei}  *(US) OCT INDUSTRIAL PRODUCTION M/M: -0.1% V 0.2%E; CAPACITY UTILIZATION: 78.9% V 79.3%E - Manufacturing Production: 0.2% v 0.3%e
[09:18] {ese} mornin
01[09:19] {@Threei}  ese :)
[09:19] {ese} might be my last day on the board this week vad
[09:19] {ese} having my jaw operated on tomorow
01[09:19] {@Threei}  yikes
[09:20] {ese} ya......all that dental work your parents couldn't aford when you were a kid?
[09:20] {ese} comes back to haunt you now
[09:20] {Jenh} gm
01[09:20] {@Threei}  jen :)
01[09:20] {@Threei}  (EU) ECB's Draghi: 2014 was a challenging year for monetary policy; outlook is increasingly sobering as growth weakened over the summer - quarterly update to EU Parliament - Reiterates risks to economic outlook remain to the downside
[09:20] {ese} bit down on some food about a month ago.......tooth twisted and broke some bone in my jaw
01[09:21] {@Threei}  sheesh... when is this EU thing going to fall part finally
[09:21] {Jenh} ouch. sorry to hear about that ese. good luck at the dentist's office
[09:21] {ese} ya tks
01[09:21] {@Threei}  sorry ese
[09:21] {ese} just want to get off these pain killers that i've been on for a month
[09:22] {ese} although i'll be on neuclear tylonol for about week
01[09:22] {@Threei}  as nemo would say, "now why would you want to do that"
[09:22] {ese} lol
[09:26] {dino} that sucks ese, gl
[09:27] {jfjf64} morni all
01[09:27] {@Threei}  jf :)
01[09:27] {@Threei}  jf, see last logix version? your trendlines became easy button access
[09:28] {jfjf64} cant download
01[09:28] {@Threei}  was on Friday
[09:28] {jfjf64} look into after open
01[09:28] {@Threei}  .99
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -BHI +14% (deal with HAL)
01[09:28] {@Threei}  -TSN +4% (earnings)
01[09:28] {@Threei}  -AGN +3.5% (Actavis said to be in early agreement to acquire AGN for $62.5B)
01[09:28] {@Threei}  -JD +2.2% (earnings)
[09:29] {jfjf64} on .98
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -DWA -13% (said to have broker off talks with HAS)
01[09:29] {@Threei}  -SCOK -11% (earnings)
01[09:29] {@Threei}  -DNR -6.7% (momentum from CAPEX cut on Friday)
01[09:29] {@Threei}  -HAL -6% (deal with BHI)
01[09:29] {@Threei}  -LNKD -1.6% (rumors of FB product "Facebook at Work" that would separate personal and work profiles)
01[09:29] {@Threei}  -JRJC -1.5% (announced change in auditing firm)
[09:29] {jfjf64} for some reason not allowing me
01[09:29] {@Threei}  you must be deemed "not worthy"
[09:29] {jfjf64} ahh
[09:29] {jfjf64} they killin me on commisions
01[09:30] {@Threei}  gap down almost into Fri low
[09:30] {jfjf64} see
01[09:30] {@Threei}  bounce or break
01[09:30] {@Threei} Long Setup:  VXX  29 break
01[09:31] {@Threei}  If holds  .90
01[09:32] {@Threei}  no go
01[09:33] {@Threei} Long Setup:  FB  .90 break
01[09:33] {@Threei}  If holds  .80
01[09:33] {@Threei}  1:1
01[09:34] {@Threei}  1:2
01[09:34] {@Threei}  will try 1:4
01[09:35] {@Threei}  nah, out on a trail
[09:36] {jfjf64} cat
01[09:37] {@Threei} Long Setup:  FCX  .15 break
01[09:37] {@Threei}  If holds  .05
[09:37] {nemo} anybody watch the Pats last night?
[09:37] {jfjf64} they look great
[09:38] {jfjf64} how bout that rb
[09:38] {nemo} yeah, they were talking about him in training camp actually
[09:38] {RonS} both lines...
[09:38] {dino} added puts on fxe
[09:39] {nemo} yeah, looks like KC the Pats and GB are the top teams right now
01[09:42] {@Threei} Long Setup:  JPM  .05 break
01[09:42] {@Threei}  If holds  .95
[09:43] {jfjf64} look fb
01[09:44] {@Threei}  yeah, but reversal was impossible to read or get
01[09:44] {@Threei}  just jumped 20 cents and never looked back
[09:44] {dino} going directly after twitters business
01[09:46] {@Threei}  and google, and linkedin
01[09:46] {@Threei}  [FB] Secretly working on "Facebook at Work" which would separate personal and work profiles of users - press Facebook is developing a new site that features a similar newsfeed and groups to the current friends and family-based social network, but enables you to collaborate with colleagues and keep in touch with professional contacts.Facebook at Work is reported to enable you to collaborate with colleagues by giving several people access to a document so each person can edit and make changes.
01[09:46] {@Threei}  trail FCX stop to .09
01[09:47] {@Threei}  FSLR Ticking higher on renewed takeover chatter
01[09:49] {@Threei}  saw this and remembered nemo and jen exchange about understanding women: http://goo.gl/L0m9Yr
[09:49] {JoebiWan} lol
[09:49] {dino} fslr smr l .00
01[09:49] {@Threei}  JPM two-sided
[09:50] {Jenh} lol
06[09:50] * @Threei kicks FCX in the rear
01[09:50] {@Threei}  1:1
01[09:50] {@Threei}  violence works... again
[09:51] {dino} stop .78 -.22
[09:52] {nemo} AAPL looks short
01[09:52] {@Threei}  {AAPL} I just left my heels at home today...
[09:52] {nemo} wtf?
[09:52] {RonS} lol
01[09:53] {@Threei}  come on JOM, lose that support and crash
01[09:53] {@Threei}  JPM
[09:54] {RonS} saw nemo on the big screen yesterday... Saint Vincent...
[09:55] {nemo} mmmhhhh....me and "saint" anything in the same sentence....I can't process that
[09:56] {nemo} P
01[09:56] {@Threei}  crash like Kardashian chances to ever look classy
[09:57] {RonS} Bill Murray as a somewhat loveable curmudgeon ...
[09:57] {RonS} good one 3i
06[09:57] * @Threei takes a bow
[09:57] {Jenh} lol
01[09:58] {@Threei}  whoever linked her naked photos... how can I unsee it?
[09:58] {nemo} Yeah, it's like a bad accident
01[09:58] {@Threei}  short of erasing my week-worth of memory by overdose of vodka
[09:58] {nemo} tried all weekend, didn't work
01[09:59] {@Threei}  see? at the very mention of that Joebi lost connection
[09:59] {nemo} must be a disturbance in the Force
01[10:00] {@Threei}  lol
01[10:01] {@Threei}  what the deuce... JPM was right on the cliff
[10:02] {nemo} well, they are the FED
[10:04] {jfjf64} mgm.51
01[10:08] {@Threei}  nemo, you missed your chance to move:
01[10:08] {@Threei}  Beer wasn't considered an alcoholic drink in Russia until 2011
[10:08] {nemo} not a big beer drinker actually
01[10:11] {@Threei} Long Setup:  FB  .20 break
01[10:11] {@Threei}  If holds  .10
[10:13] {jfjf64} 1.4
[10:13] {jfjf64} if goes fb
01[10:13] {@Threei}  1:1
01[10:13] {@Threei}  JPM no worky
[10:14] {dino} anet smr l ave .60
[10:16] {jfjf64} fu fb
[10:18] {jfjf64} chop chop
[10:19] {nemo} P no bids
[10:20] {nemo} wow is it raining up here
[10:23] {jfjf64} beats snow
[10:23] {nemo} yep
01[10:23] {@Threei}  that's favorite saying in Victoria
[10:24] {jfjf64} what yep
01[10:24] {@Threei}  when someone from the rest of Canada says something about our rainy winter, standard answer is: we don't have to shovel it
[10:24] {nemo} mmmhhh...you shovel it all day
[10:24] {jfjf64} exactly
[10:24] {jfjf64} lol
[10:25] {cosmo} gee, I like snow...
[10:25] {RonS} cosmo = Olaf
06[10:26] * @Threei mails cosmo one way ticket to Winnipeg
[10:26] {nemo} siberia
[10:27] {cosmo} yea... I been sheltered i guess
[10:28] {ese} cos it aint so bad.....I lived in Winnipeg for 5/6 years....
[10:28] {RonS} mack bouncing off up channel bottom...
[10:28] {ese} its' not the end of the earth.....but you can see it from there though
[10:29] {ese} yup
[10:29] {RonS} bdbd into a gap
01[10:31] {@Threei}  it's not the end of the earth only thanks to existence of Saskatoon
01[10:31] {@Threei} Long Setup:  P  .80 break
01[10:31] {@Threei}  If holds  .73
[10:32] {ese} ya thats true......and on that subject.....is this a fact:Beer wasn't considered an alcoholic drink in Russia until 2011
01[10:32] {@Threei}  yes
01[10:32] {@Threei}  legally at least
[10:32] {ese} what was it classed as?
01[10:32] {@Threei}  the law limiting places to sell it etc was signed only in 2011
01[10:33] {@Threei}  no one bothered to class it
[10:33] {ese} go figure......thats one of those scratch your head things
[10:34] {ese} Ron....you long any mack?
01[10:36] {@Threei}  meh P
[10:37] {ese} "beh" is italian for  a matter of fact "well"
[10:40] {jfjf64} I nominate today shitty day
[10:41] {ese} fat lips?   go figure again.....http://money.cnn.com/2014/11/17/investing/allergan-actavis-merger-boom/index.html
[10:41] {RonS} no mack here ese
[10:41] {dino} ditto jf
[10:42] {ese} buy some botox jf and see what happens
[10:42] {ese} stock that is
[10:42] {jfjf64} what sd I do with botox ese
[10:43] {nemo} put it in your eye
[10:43] {ese} that'll add some excitement to your day
[10:43] {jfjf64} oh stock
[10:43] {ese} lol
[10:43] {ese} or
[10:43] {Jenh} lol
[10:43] {jfjf64} jf has good skin
[10:43] {ese} just on one side of your lip
[10:44] {ese} it'll give you that tough guy look/image
[10:44] {ese} a la.......mob enforcer
[10:46] {ese} actually now that i'm thinkin about it ........i do believe nemo is their consultant
[10:46] {nemo} ?
[10:46] {RonS} pain meds nemo
[10:47] {nemo} ahhh...
[10:47] {RonS} syna gone pulp
[10:47] {nemo} sine que non?
[10:48] {ese} ? because the way you beat up on me leads me to believe you know something about the tough guy stuff
[10:48] {ese} just sayin
[10:48] {nemo} ese...mine are merely verbal harrassment
01[10:49] {@Threei}  done with gusto
[10:49] {nemo} what can I say, it's a talent of mine...I have the "asshole" gene
[10:50] {ese} lol
[10:50] {ese} you know I don't mean it
[10:50] {nemo} I do
[10:51] {nemo} dcc ese
[10:53] {nemo} indexes should try to bounce here
[10:56] {dino} sncr sm l .70
01[10:58] {@Threei} Short Setup: FB  .80 break
01[10:58] {@Threei}  If holds  .80
01[10:59] {@Threei}  grr... break of .7-
01[10:59] {@Threei} Short Setup: FB  .70 break
01[11:02] {@Threei}  1:1
01[11:03] {@Threei}  1:2
[11:04] {JoebiWan} ty vad. that one helps :)
01[11:04] {@Threei}  1:3
01[11:04] {@Threei}  yw
01[11:04] {@Threei}  jf, breathing easier?
[11:04] {jfjf64} this shitty day becace GOOD MY FRIEND
[11:05] {jfjf64} TY
01[11:05] {@Threei}  yw
[11:05] {jfjf64} KILLED IT
06[11:05] * @Threei mails jf a dose of patience
[11:05] {ese} gotta go alll.....make a great day eh
[11:05] {RonS} cya ese...gl
01[11:05] {@Threei}  take care ese, be safe
[11:05] {jfjf64} good luck ese my friend
[11:06] {jfjf64} die fb
[11:06] {jfjf64} oh yeahhhhhhhh
01[11:07] {@Threei}  1:4
01[11:07] {@Threei}  out
[11:07] {jfjf64} out
[11:07] {jfjf64} tyvg
[11:07] {dino} out sncr .11, +.41
01[11:07] {@Threei}  :)
01[11:07] {@Threei}  wtg dino
[11:07] {jfjf64} patience
[11:07] {dino} ty
[11:07] {Jenh} bye ese!
[11:07] {jfjf64} thought I had last week
01[11:08] {@Threei}  yeah jf... it's that thing, you know... when you don't kill someone over spilled coffee right away, you lecture them
[11:08] {jfjf64} guess still human
01[11:08] {@Threei}  and then kill them
[11:08] {nemo} yeah, you need to get close enough
[11:08] {jfjf64} yes
[11:10] {jfjf64} got to take son for road test 12 noon
01[11:10] {@Threei}  FB is getting crashisher
[11:10] {jfjf64} 16 yrs old
[11:11] {jfjf64} in way hope he fails
01[11:11] {@Threei}  hehe
[11:11] {jfjf64} fb
[11:11] {Jenh} fails? lol
[11:11] {jfjf64} scary
01[11:12] {@Threei}  just wait till you are alone with him in the car, and shark bite off your leg, and you can't drive to the hospital... then you'll be glad he can drive
[11:13] {nemo} wow
[11:13] {jfjf64} lol
[11:13] {nemo} Vad makes me feel sane
[11:13] {Jenh} interesting accident
01[11:14] {@Threei}  nemo... I am not a miracle worker
01[11:14] {@Threei}  but this is as close as one can hope
01[11:15] {@Threei}  speaking of patience... how much of that do you think this one required:
01[11:15] {@Threei}  https://www.facebook.com/VadymGraiferPhotography/photos/a.488848774527976.1073741828.483178015095052/746442428768608/?type=1&theater
[11:16] {jfjf64} those r stars or rain
[11:16] {Jenh} wow. beautiful
01[11:16] {@Threei}  stars
06[11:18] * @Threei think where jf could see a rain of this shape, other than after good pirtion of mushrooms
[11:18] {jfjf64} did ya have to wait long time for that shot
01[11:18] {@Threei}  about 25 min
[11:18] {jfjf64} lol
[11:18] {jfjf64} ate lots of shrooms
[11:19] {jfjf64} in younger yrs
01[11:19] {@Threei}  that explains it
[11:19] {JoebiWan} lol
01[11:19] {@Threei}  any pink elephants flew through that circular rain?
01[11:20] {@Threei}  watching FB for pullback... want entry under .30
[11:23] {nemo} YHOO looks short here
01[11:24] {@Threei} Long Setup:  FB  .25 break
01[11:24] {@Threei}  change to .20 break
01[11:24] {@Threei}  If holds  .10
01[11:27] {@Threei}  no go
[11:28] {jfjf64} dieee
[11:31] {jfjf64} 1:2
[11:31] {jfjf64} ya alright vg
[11:31] {jfjf64} hope ya didn't fall off chair
[11:31] {jfjf64} not like ya
01[11:31] {@Threei}  why would I?
[11:32] {jfjf64} im sory my bad
[11:32] {jfjf64} thinkin short fb
[11:32] {jfjf64} color blind
[11:32] {jfjf64} wkd for me that time
01[11:33] {@Threei}  mushrooms...
[11:33] {jfjf64} sometimes luck
[11:33] {jfjf64} not patience
[11:33] {jfjf64} see all later
[11:33] {jfjf64} im runnin
01[11:33] {@Threei}  and color blindness explains why you haven't seen pink elephants - you just thought they were green
[11:34] {jfjf64} lol
[11:34] {jfjf64} se all laterr
01[11:34] {@Threei}  take care jf
[11:35] {Jenh} bye jf!
01[11:40] {@Threei} Long Setup:  P  .40 break
01[11:40] {@Threei}  If holds  .30
01[11:42] {@Threei}  1:1
[11:42] {JoebiWan} missed damn
[11:42] {JoebiWan} my logix not acting right
[11:42] {nemo} Jedi my ass
[11:43] {JoebiWan} lol
[11:43] {nemo} what happened
[11:43] {JoebiWan} couldn't put symbol in level 2
[11:43] {JoebiWan} chart wouldn't update
[11:43] {nemo} can u now
[11:43] {JoebiWan} no info on time and sales
[11:43] {nemo} re open your layout
[11:43] {nemo} if that doesn't work reboot the application
01[11:44] {@Threei}  works fine here
[11:44] {nemo} yeah me 2
[11:45] {JoebiWan} restarted app. seems fine now
[11:45] {JoebiWan} I miss DAS
01[11:50] {@Threei}  Pope Francis confirms he will visit the United States next year
01[11:50] {@Threei}  yay...
[11:55] {nemo} actually, he seems like a pretty good guy
01[11:56] {@Threei} Long Setup:  IWM  116 break
01[11:56] {@Threei}  If holds  .90
[12:03] {nemo} P looks short
01[12:04] {@Threei}  https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xpf1/v/t1.0-9/1506014_755303057839942_5048788739898939884_n.png?oh=eeaf6b11d12fe232599a72ccb17d80a7&oe=551394A0&__gda__=1427626081_9cfcd5a6a09affc806cea188f1c3c511
01[12:05] {@Threei}  grrr
01[12:05] {@Threei}  patternless time
01[12:26] {@Threei} Long Setup:  FB  .30 break
01[12:31] {@Threei}  The Japan third-quarter GDP report drove the Nikkei down 3% in Monday trading, but the response in European and US markets has been more restrained. Europe opened in the red but major indices rose back into positive territory and closed not too far off their highs, with an assist from ECB President Draghi jawboning about sovereign QE
01[12:40] {@Threei}  1:1
01[13:12] {@Threei} Long Setup:  FB  .20 break
01[13:12] {@Threei}  If holds  .10
01[13:16] {@Threei}  Invalidated
[13:22] {jfjf64} 2 sideed
01[13:23] {@Threei}  can't tell
01[13:23] {@Threei}  just no read
01[13:23] {@Threei} Long Setup:  IWM  .30 break
01[13:23] {@Threei}  argh
01[13:23] {@Threei}  too fast
[13:28] {Jenh} jf, did your son pass the driver's test?
[13:28] {nemo} VXX
01[13:30] {@Threei} Short Setup: CAT  .65 break
01[13:30] {@Threei}  If holds  .75
01[13:41] {@Threei}  no go
01[13:41] {@Threei}  not liking today very much
[13:42] {dino} not much going on
01[13:42] {@Threei}  btw, speaking of jf's leg bitten off by a shark on some mall parking lot... if you can find James Aldridge's The Last Inch, you'll know where the idea came from :)
[13:43] {dino} and i was thinking sharknado
[13:44] {Jenh} i thought snl land shark
[13:44] {dino} ol
[13:44] {dino} lol
01[13:52] {@Threei} Long Setup:  JPM  .45 break
01[13:52] {@Threei}  If holds  .38
[13:53] {JoebiWan} internet effed up
[13:53] {JoebiWan} wasn't logix
01[13:56] {@Threei}  ok JPM
01[13:56] {@Threei}  fly
01[13:56] {@Threei}  to the moon
01[13:57] {@Threei}  does JPM in any way look like Alice to you?
[13:57] {Jenh} alice? from alice and wonderland?
01[13:58] {@Threei}  from "to the moon alice"
[13:58] {Jenh} ah nm :)
01[13:58] {@Threei}  https://i.chzbgr.com/maxW500/2611929600/h296AE339/
[13:59] {Jenh} i see the resemblance
01[14:00] {@Threei}  hehe
01[14:00] {@Threei}  "One of these days Alice—pow! Straight to the Moon!"
01[14:09] {@Threei}  this shows just how I hate mondays http://artificiallybalanced.files.wordpress.com/2013/11/photo-44.jpg
01[14:12] {@Threei}  in Victoria, things are done at our own pace:
01[14:12] {@Threei}  Stolen wallet from 1979 Long Beach camping trip returned to woman
[14:13] {nemo} Loved the Gronkinator's touchdown last night...look at the guy he ran over leaping into the endzone: http://goo.gl/91CMDX
[14:21] {Jenh} fb lod
[14:21] {nemo} iwm looks short
01[14:22] {@Threei}  let's scratch JPM
01[14:22] {@Threei}  pattern is no longer valid
[14:41] {RonS} sheesh, internet service went down...anything going on?
[14:42] {dino} no
01[14:44] {@Threei}  hackers?
01[14:45] {@Threei} Long Setup:  VXX  .40 break
01[14:45] {@Threei}  If holds  .30
01[14:58] {@Threei}  what can I say... not my best day, eh
[15:01] {Jenh} really hard to read day
[15:02] {nemo} Mondays have been difficult
01[15:04] {@Threei}  slightly negative, not a big deal
01[15:04] {@Threei}  so if we have to pay some kind of sacrifice to trading gods now and then, this is the way to do it
01[15:08] {@Threei}  ugh... guys, I am sorry, something came up
01[15:09] {@Threei}  I'll have to leave now
[15:09] {dino} today is just a sit an wait kind of day. i think jesse livermore said he made more money sitting than trading
01[15:09] {@Threei}  stay safe, I'll see you tomorrow
01[15:09] {@Threei}  yeah dino
[15:09] {Jenh} good advice
[15:09] {Jenh} ty! gn
[15:10] {JoebiWan} ty vad see ya
[15:53] {dino} gn all

Friday, November 14, 2014

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: US Stocks at New Highs In Spite of Europe and China Stall
Fri, 14 Nov 2014 16:41 PM EST

The S&P500 and the DJIA both pushed out to fresh record highs again this week though trading volumes remained light. The fall earnings season is all but over and this week featured major US retailers turning in decent but not exceptional quarterly results. CPI and GDP data out of Europe confirmed that the continent's sick economy is not seeing any marked improvements, although the prelim German Q3 GDP q/q reading rose to +0.1% from -0.2% in the advance reading, keeping Europe's largest economy out of official recession territory. Crude prices sank to the lowest level in over four years as OPEC continued to pretend that everything was fine in markets heading into a November 27th meeting. World leaders attended the APEC summit in Beijing, where President Obama and China President Xi reached a bilateral agreement to reduce carbon emissions and member nations endorsed a roadmap for China's Free Trade Area of the Asia-Pacific (FTAAP), Beijing's rival to the Trans-Pacific Partnership (TPP) trade agreement. For the week, the DJIA gained %, the S&P500 rose % and the Nasdaq added %.

President Obama called on the FCC to classify the internet as a utility under Title II regulation (the same treatment given to phone companies), in an attempt to shape the debate over net neutrality. The president's statement came as FCC Chairman Wheeler was briefing members of Congress on his own concept for net neutrality, based on a hybrid model involving elements of both utility-like and free market regulations. House Republican leaders commented that placing internet under title II regulation was beyond the power of the FCC. Time Warner Cable lost as much as 10% and Comcast lost up to 6% in the two sessions following the president's statement, before recovering.

Crude saw more dramatic moves to the downside this week, with crude futures falling to 4-year lows with WTI around $73.25 and Brent below $78 by week's end. The next OPEC meeting is coming up fast on November 27th and there is still no clear indication that the organization will move to lower output. Saudi Oil Minister Al Naimi called talk about an oil price war a misunderstanding while Kuwaiti Oil Minister Ali Al-Omair said OPEC would not change its production quotas. In its monthly report, the IEA said there was more downside yet to come in oil prices, given market dynamics.

Ukraine was back in headlines this week as Russia and its anti-government proxies in Eastern Ukraine were observed concentrating forces for what appears to be a major offensive. NATO said it had seen multiple columns of tanks and materiel arriving in the rebel provinces and Kiev has begun shifting more forces to the east, even as artillery exchanges heated up. The September 5th ceasefire agreement is looking increasingly hollow.

McDonalds October SSS were much better than expected, however comps in all three of the company's regional divisions were still in contraction territory. Recall that with third-quarter earnings, McDonalds CEO warned that October comps would remain negative. On Friday, Jana Partners disclosed a new stake in McDonald's giving investors hope that the activist may propose changes. This comes after tons of speculation that the struggling Micky D's could be a big target for activists.

Retailers Walmart and Macys had decent results for the third quarter which encompassed the back to school season. Walmart's earnings topped expectations and comps stayed in positive territory, although it narrowed its FY forecast. On its conference call, Walmart said it would start matching prices with major online retailers. Macys widely topped the consensus on earnings, although its comps were negative and the firm trimmed its FY view. Both Walmart and Macys made constructive comments about Q4 holiday business. Both stocks sustained more than 4% gains through week's end. JC Penny and Kohls had problems in their Q3 reports. Headline results from both names were below expectations, JCP's SSS were flat, and KSS's comps were negative. JC Penny asserted that it was in the "final stage" of its turnaround plan.

Alibaba did $9.3 billion dollars in orders on Single's Day (11/11), China's big fall retail sales day, topping all estimates. Chairman Jack Ma said he was happy with the results and even went as far as to say he hoped this new holiday would become a global commerce event in the years ahead. The company also announced it was looking to raise $8 billion in USD bonds, adding fuel to rumors the e-commerce giant might do some shopping of its own. Shares of BABA were volatile, seesawing through week's end after a solid month of gains in the wake of the company's October IPO.

On the M&A front, BB&T Corp agreed to buy Susquehanna Bancshares for about $2.5 billion in cash and stock. The deal gives BB&T a bigger foothold on the East Coast. Berkshire Hathaway said it would acquire the Duracell battery unit of P&G in a cash-and-stock arrangement valued at $6.4B. In other deal talk, there were reports that Actavis was in talks to acquire Allergan for around $210/share, as Vertex's flagging offer looks less and less likely to succeed. Share of Baker Hughes gained sharply towards the end of the week after the company disclosed it was engaged in preliminary discussions with Halliburton about a possible combination.

EUR/USD bounced back and forth in the 1.2400 handle for most of the week in the absence of any major Eurozone news. Final October CPI data and the second reading of Q3 GDP data confirmed the wretched condition of the European economy but held no big surprises. EUR/CHF fell to around 1.2010 on Friday from the 1.2030 level coming into the week. The Swiss National Bank's Jordan said the bank would not abandon the 1.2000 floor for the foreseeable future and called the peg the bank's most important tool for price stability. The SNB's resolve may soon be tested as the Swiss referendum on central bank gold reserves takes place on November 30th, and one poll out this week showed the vote was too close to call, with 44% of respondents in favor of the initiative, 39% against and 17% undecided.

USD/JPY declined to seven-year lows by Friday, topping out around 116.80 before retracing a bit on Friday afternoon. Comments by government officials drove speculation that the final decision on the next planned sales tax increase could be delayed until after early elections, which PM Abe may call in December in order to bolster his mandate. The Bank of Japan warned that any plan that would delay the tax increase could make BOJ's decision harder by hurting fiscal trust and diminishing the attractiveness of Japan's government bonds. The rumors went back and forth all week making it hard to say whether PM Abe would go ahead and actually launch early elections, although it appears that a final decision would wait at least until after Monday's Q3 GDP results.

China published a raft of October economic figures last weekend. October CPI at 1.6% matched the lowest level since Jan 2010, with the food component at 2.5% and non-food at 1.2%. Year-to-date CPI was unchanged from September, just above the 2% level. October exports were still in surplus but imports were slightly lower than expected. Subsequent reports suggested that the trade surplus was driven by the contraction in import growth, domestic demand remains weak, and destocking has led to decline in consumption of cement, coal, iron ore and other raw materials. Thursday saw another round of October economic data drop: industrial production was weaker than expected and power generation contracted on a sequential basis for the third month in a row. China retail sales were pretty soft, and slowed for the fifth moth in a row.