January February 2015 Market Outlook

TradeTheNews.com January February 2015 Outlook: Hamlet Economics
Tue, 06 Jan 2015 22:28 PM EST

"Brevity is the soul of wit" as Shakespeare wrote. In the context of present day monetary policy one could wish that the top caliber minds behind central bank policies had the knack for keeping their efforts clear, concise, and finite. Instead, going into the seventh year since the financial crisis erupted, the policy makers at the forefront of responding to the economic malaise are still hemming and hawing like Hamlet, offering up soliloquies when action is demanded. After waiting through most of 2014 for the Fed to wrap up its quantitative easing program and turn toward contemplating normalization, markets are now lining up to see the same show again in Europe.

The drama for the global economy has only been heightened by the plays within the play Greece's latest political crisis, Russia's land grab and the resulting sanctions, Saudi Arabia's high stakes game of chicken with rival oil producers, and the two top Asian economies still struggling to restore their former glory. How these stories play out in the months ahead will ultimately help determine whether or not this period in time will be regarded as a tragedy.

To QE or not to QE

The question of whether the last resort of quantitative easing is needed has already been answered in the affirmative by the Fed and the Bank of Japan, and now it looks like the European Central Bank will soon join the club. The euro currency has broken below the $1.20 mark, its weakest since 2006, on the growing expectation that the ECB will foray into QE and on reports that ejecting Greece from the euro zone may now be a palatable alternative.

The ECB has taken its time laying the groundwork for a full blown QE program, announcing last fall it had started the technical work for a possible program, even as it took other measures in the form of its ABS purchase program (dubbed "QE light"), refreshing its long term repo operation, and cutting rates to the zero bound. At the December policy meeting, ECB President Draghi said they were still assessing the success of these programs and signaled a decision on QE would likely come in Q1 though probably not until the second meeting under the new bank schedule, meaning early March.

Incoming inflation data may cause him to step up the timetable for the initial QE announcement to the January 22 meeting, as deflation fears might overcome worries about giving member governments more slack to avoid making tough fiscal choices. Adding oil market weakness into the mix, the upcoming December euro zone CPI data (Jan 7) could fall into negative territory after hitting a 5-year low in November. This would put more pressure on even the most reluctant ECB council members to act sooner rather than later on QE. Even if it was entirely driven by depressed oil prices, any negative inflation readings could break the fragile psychology of the European recovery thesis.

One formality that needs to be cleared for QE to launch is getting the go-ahead from the European Court of Justice, which said a few months back it would render its official opinion regarding the ECB Outright Monetary Transactions (OMT) program in mid-January (ruling to be issued Jan 14). Formulated in 2012, the OMT program undertakes outright transactions in secondary, sovereign bond markets, aimed "at safeguarding an appropriate monetary policy transmission and the singleness of the monetary policy." German officials, including the ECB's Weidmann have argued that the OMT blurs role of economic and monetary policy, but a stamp of approval from the high court may stifle those objections and by extension clear the path for quantitative easing.

The implementation details of QE will be closely scrutinized and the latest reports indicate that three main options are being considered. The first and most straightforward option would be for the ECB to buy government bonds in quantities proportionate to each euro zone member state's shareholding in the central bank. The second option would be for the ECB to stick with buying only AAA-rated government bonds in the hopes that it would inspire investors to then buy riskier sovereign and corporate debt. The third option would empower national central banks to purchase their own bonds at their own risk, a move that might placate Germany's concerns about QE.

How the Greek situation plays out this month may help determine which route QE takes. The latest political crisis in Athens has come down to a snap election on January 25, and has some euro zone leaders up in arms. The leftist opposition Syriza Party, which is leading in the polls, has paid lip service to remaining in the euro zone, while simultaneously bashing austerity measures that have helped the country restore its standing within the common currency zone. Meanwhile newspaper reports say that, even though the refrain during the first Greek crisis in 2010 was that the euro zone is "irreversible," this time around Germany is willing to countenance a Greek exit from the euro. Both positions are likely negotiating tactics. If thrust into power, Syriza's leader may find he has to take a more pragmatic approach to governing that would keep Greece in the euro, while the Germans can't be thrilled about a "Grexit" eroding their goal of "more Europe" and creating a precedent for other peripheral nations to throw in the towel on the euro experiment.

As the polls narrow into the election, the worst outcome might be a stalemate that leads to a second election and keeps Greece in the spotlight. The IMF has temporarily suspended its financial aid to Greece pending the formation of a new government and should that process drag on it could impede ECB plans to start buying sovereign debt as long as it is unclear if the euro zone will have 19 or 18 members going forward.

Words, Words, Words

What's in a word? Going into the last rounds of QE3, Fed watchers waited months for a sign that policy has turned a corner toward rate lift off in 2015. Finally in December, the Fed policy statement substituted the word "patient" for the phrase "considerable time." And that was it. The change was meant to indicate a shift away from a calendar based concept of rate tightening policy (that was assumed to be about six months after the end of QE3), but then the Fed went right on to say that patient is consistent with its considerable time language and explained that patient means no action for at least two more meetings.

This explanation did have the effect of easing concerns about any early action by the Fed as the hawks have been urging. But it opens up a new question for Fed policy regarding how the word patient carries forward. If the January 28 FOMC statement still says the central bank is "patient," then does that signal an all clear for no policy action for an additional two meetings? Indications are yes. It may be the eventual removal of that word that tells us the Fed is ready to act within the next couple of meetings, but the central bank will have to clarify this through future communications.

The FOMC voting rotation will see 2014's two hawkish dissenters, Fisher and Plosser, not only move out of the voting membership of the committee but also step down from the Fed entirely. The new more decidedly dovish slate of FOMC voters should give Yellen the latitude to conduct monetary policy the way she deems fit without putting her feet to the fire on the close calls between action and waiting that may be ahead.

What could cement or even accelerate Fed rate liftoff would be evidence of wage inflation. Payroll gains have averaged above 220 thousand for the last year, but the latest reading hit a four year high at 321 thousand, perhaps portending a breakout. If the US can post more job gains like this it could quickly take unemployment down to its natural level around five to five and a half percent, and more importantly ignite some wage growth, which is one of the missing pieces of a healthy US economy. This will be helped somewhat by 21 states enacting minimum wage increases this year, though for the most part they are modest stepping stones toward the $10.10 minimum wage that the Obama Administration has proposed. Countering that may be the loss of many high paying shale oil jobs in Western states as the fracking industry contends with the precipitous drop in oil prices.

Something is Rotten in the State of...

Analysts continue to debate the impact of lower oil prices on the national and global economies. The majority view is that though the price drop has been unnervingly sudden, it will ultimately be a boon for consumers, acting as a tax cut as pump prices drop.

The counter arguments consist of stability concerns. The drop in energy prices was so fast that it begs these questions: where is the demand, and could it be the sign of a fresh global slowdown that is being masked by the robust US economy? The oil plunge is already affecting high yield bonds linked to energy investments and there are concerns this could spread contagion to other asset classes.

Russia is the poster child for the destabilizing effects of the oil plunge. The double whammy of lower oil prices and western sanctions extinguished growth prospects for Russia, sent the ruble spinning lower, and forced the central bank into a large emergency rate hike.

If President Putin, who has thus far shown his foreign policy can be unpredictable and capricious, feels backed into a corner with no chance of saving face, he may see his best path forward as pursuing the notion of restoring "Novorossiya," a process already started with the seizure of Crimea. The latest actions from the Kremlin naming NATO as Russia's greatest threat and the increasing incidents of Russia military planes violating neighboring airspace don't point to de-escalation any time soon. Lately, however, Russia's foreign ministry has been stepping up its diplomatic profile, volunteering to act as an arbitrator for the conflict in Syria between the Assad regime and rebel groups. This tactic may suggest that President Putin might be looking for an opportune moment to extract himself from the Ukraine conflict in a way that would allow him to claim the mantle of "peace broker" and could lead to destructive sanctions being lifted (while keeping Crimea as his prize).

The oil market's supply side issues begin and end with Saudi Arabia, whose policy has become to use its low production costs to try and force out higher cost competitors while maintaining its own market share. The Saudis haven't made this a secret after strong arming OPEC into maintaining current production targets, the Saudis basically said that it is up to North American producers to deal with the glut in the market. Some gulf oil producers have stated they expected oil to stabilize at around $60/bbl for Brent crude, though they have also made it clear they will leave that determination up to the market, at least for now. A slide toward $40/bbl as some market mavens are squawking about could change the Saudi perspective as even their high margins turn razor thin, and a February meeting with a working group of three other large producers (Mexico, Russia and Venezuela) may be a window for reconsidering production policy.

Creating a wrinkle in this situation are reports that Saudi King Abdullah is in poor health again after a bout with pneumonia. Though the kingdom has a solid succession protocol in place should the 90 year old monarch become incapacitated, a change in leadership can always create some uncertainty, and there is the question of whether Crown Price Salman will stick with the policies of his half brother Abdullah. There is also always the outside chance that a regime change will create an opening for the Arab Spring to finally reach the Arabian Peninsula (the regime helped quell a nascent movement in 2011 by liberally spreading money around).

Suffering the Slings and Arrows

Asian two powerhouse economies have continued to spread their own money around, but stimulus has met with mixed results. Chinese trade flagged during late 2014, as indicated by lower than expected exports in November and negative year over year imports. The Ministry of Commerce let the cat out of the bag when it erroneously published its year end 2014 trade forecast, showing slower than expected growth. Trade officials tried to paper over the mistake by announcing a list of qualitative goals, but the implication is that the PRC might miss its 7.5% GDP forecast for the year.

In contrast, Chinese stocks rocketed higher in the last six weeks of 2014 after the PBOC cut its key rates and regulators opened the Shanghai-Hong Kong connect, providing domestic investors much greater access to the stock market. The latter move was also aimed at luring more foreign capital in China's latest effort to reshape its economy. If the central government ventures more bold reform efforts like this and its year-long crackdown on corruption, the markets may be more forgiving of its fabled growth engine easing back on the throttle.

China will be the first of the major economies to report Q4 GDP results (Jan 19). The report will need to be fairly strong to raise the 7.4% average for the first three quarters of the year by one tenth. A slight miss of the 7.5% target would not be a devastating blow, however, as all signs are that the official forecast for 2015 growth will be stepped down to around 7% at the spring party plenum in March. Growth readings in Q1 may be dampened somewhat by the Chinese New Year on February 19, kicking off the Spring Festival Golden Week, a period when economic activity grinds to a near halt. In light of slower growth, many analysts are expecting Chinese institutions to provide liberal stimulus this year, and one should not discount the chances of another PBOC rate cut as early as in Q1.

In Japan, the springtime tax increase hurt growth more than expected and pushed the economy into a fresh recession. To counteract it, the government just approved a slightly larger than expected $29 billion stimulus package for the next fiscal year that is forecast to boost the GDP by 0.7%, mostly by providing money for local projects.

This may be the make or break year for Abenomics. It provided some early success, and optimism was demonstrated by a revitalized stock market, but the latest data are calling into question whether the three arrows hit their mark. In late January the BOJ will issue new economic predictions, which are increasingly expected to include a cut in price forecasts. If the country cannot beat off deflation and pull out of its present recession even with the additional stimulus being provided, Mr. Abe could quickly end up as just another name on the list of failed Japanese PMs of the 21st century.

The yen may be the best barometer for predicting Japan's near future. So far, the weakening Japanese currency has been a helpful side effect of the implementation of Abenomics, boosting exports. But prosperity through currency debasement can only work for so long, and some analysts are now positing that if the yen moves past the decade low of 123 against the greenback, it could create a panic that would erode confidence in the JGBs that undergird Japan's QE strategy. While this is an outside scenario, it has to be contemplated given the jarring 10% move in the yen during the last quarter.

Methinks She Doth Protest Too Much

For all the hand wringing going on over the present situation it helps to recall how much progress has been made. A global depression was avoided even if at the expense of an extensive stimulus structure that may be difficult to dismantle. Stock markets in the US, Japan, and China had a great 2014, and even European bourses posted modest gains.

The Fed is now contemplating the first move toward reversing the global stimulus apparatus, though it will be tricky with other central banks in the midst of expanding their own accommodation programs. The first part of the year will be full of speculation about whether the Fed will finally start tightening rates mid-year or if global economic headwinds will be strong enough to keep Chair Yellen vacillating about rate policy. Good news as bad news sentiment may arise in the US if the jobs picture continues to improve and wage inflation emerges clearly enough to justify accelerating rate lift off.

It is as yet unclear if US economic strength is a harbinger for the rest of the world or if it will capitulate to the global weakness. The compression in government bond markets argues for the latter. The German government debt curve has compressed so much that yields are now negative up through the 5-year bund, which has bad implications for deflation alarmists, and the US 10-year yield is back below 2%.

The behavior of the forex market may be the best leading indicator for the months ahead. After the recent powerful move in the yen and the scary gyrations in the ruble, greater stability in currency markets would be a blessing. Dollar strength may not end until crude finds a bottom, which means the euro and yen could fall further in the months ahead as BOJ and ECB pump money into QE programs. The stronger dollar will result in lower prices for US imports, which could delay progress toward the Fed's 2% inflation target, and could also take the wind out of US earnings as Q4 results start to come in during January. Along with the fear of deflation, Europe still has growth concerns, but euro weakness will provide a tailwind and along with lower energy prices could get investors more excited about continental markets in the months ahead if they believe QE will instill some new confidence and that Grexit worries will fade.

On the other hand, markets have already baked in expectations that European QE is imminent so more market turmoil could be in store if the new ECB measures are delayed for any reason. For the ECB, the time for jawboning and deliberation is over. Draghi needs to heed the admonition "more matter with less art."



CALENDAR
January

5: Germany CPI
6: US ISM Non-Manufacturing PMI; US Factory Orders
7: Euro Zone CPI Estimate, Euro Zone Unemployment; US Trade Balance; FOMC Minutes
8: Euro Zone Retail Sales; BOE policy decision; China CPI & PPI; China Trade Balance (tentative)
9: UK Manufacturing Production; US Unemployment and Payrolls

12: Japan Current Account
13: China New Loans (tentative); UK CPI & PPI; US Jolts Job Openings
14: ECJ ruling on legality of OMT; Euro Zone Industrial Production; US Advance Retail Sales
15: US PPI
16: US CPI; US Industrial Production; Preliminary University of Michigan Consumer Sentiment

18: China Industrial Production
19: China Q4 GDP; China HSBC Flash Manufacturing PMI
20: Euro Zone Flash Manufacturing PMI; Germany Zew Economic Sentiment; Philadelphia Fed Manufacturing Index;BOJ policy statement
21: UK Claimant Count & Unemployment; BOE Minutes; US Housing Starts & Building Permits
22: ECB policy statement
23: UK Retail Sales; US Existing Home Sales

25: BOJ Minutes; Japan Trade Balance; Greece snap election
26: German Ifo Business Climate
27: UK Prelim Q4 GDP; US Durable Goods Orders; US Consumer Confidence; US New Home Sales
28: FOMC policy statement; Japan Industrial Production; Japan Retail Sales
29: Germany Prelim CPI; Tokyo CPI
30: Euro Zone Flash CPI Estimate; Euro Zone Unemployment; US Advance Q4 GDP; Chicago PMI
31: China Manufacturing PMI

February
1: China HSBC Final Manufacturing PMI
2: US ISM Manufacturing PMI
3: US Factory Orders
4: Euro Zone Retail Sales; ISM Non-Manufacturing PMI
5: BOE policy statement; US Trade Balance
6: UK Trade Balance; US Unemployment & Payrolls

8: Japan Current Account
9: China CPI & PPI; China Trade Balance (tentative)
10: UK Manufacturing Production; US JOLTS Job Openings
11: China New Loans; BOE Inflation Report
12: Euro Zone Industrial Production; US Advance Retail Sales
13: Various EU Prelim Q4 GDP readings; Prelim University of Michigan Confidence

15: Japan Prelim Q4 GDP
16:
17: UK CPI & PPI; German Zew Economic Sentiment; BOJ policy statement
18: UK Claimant Count & Unemployment; BOE minutes; US Housing Starts & Building Permits; US PPI; FOMC minutes; Japan Trade Balance
19: Chinese New Year, start of Golden Week; Euro Zone Flash Q4 GDP; China HSBC Flash Manufacturing PMI
20: Euro Zone Manufacturing PMI

22: BOJ Minutes
23: German Ifo Business Climate; US Existing Homes Sales
24: Euro Zone Final Q4 GDP; Updated EU Forecasts; US Consumer Confidence; Philadelphia Fed Manufacturing Index; G20 meetings begin (tentative)
25: US New Home Sales; Japan Industrial Production; Japan Retail Sales
26: German Prelim CPI; Targeted LTRO announcement; US CPI; Tokyo CPI
27: US Prelim Q4 GDP (2nd reading); Chicago PMI
28: China Manufacturing PMI

Jan 06 2015

Corrections are made as planned, and the results are as expected. Very strong day with winners ranging from 1:1 to 1:5, with a few 1:3ers inbetween.


Session Time: Tue Jan 06 00:00:00 2015

[08:51] {dino} gm 3i
01[08:51] {@Threei}  dino :)
[09:16] {dptl} gm
01[09:16] {@Threei}  dp :)
[09:17] {RonS} hi guys
01[09:18] {@Threei}  ron :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -NERV +60% (positive data showing analog of MN-301 compound improves symptoms of Parkinson's disease)
01[09:27] {@Threei}  -RNN +19% (preclinical data for RX-3117 demonstrating effectiveness against Gemcitabine resistant human cancer cells)
01[09:27] {@Threei}  -FRO +15% (continue to see solid demand for crude tankers - more tankers are being used for floating storage)
01[09:27] {@Threei}  -EBIX +10% (resolution of IRS audit)
01[09:27] {@Threei}  -NQ +10% (update on Management stock purchases)
01[09:27] {@Threei}  -AOL +4.5% (VZ said to be interested in AOL's programmatic ad tech)
01[09:27] {@Threei}  -TASR +2.2% (LAPD to deploy more than 3K TASER Smart Weapons)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -CMC -6.2% (earnings)
01[09:27] {@Threei}  -XOOM -6% (determined to have been victim of criminal fraud, sees charge of $30.8M & raises Q4 Rev v. prior guidance)
01[09:27] {@Threei}  -ARMH -2.2% (no news seen; put activity)
01[09:31] {@Threei} Long Setup:  IWM  .40 break
01[09:31] {@Threei}  1:1
01[09:31] {@Threei}  lol
[09:31] {nemo} right
01[09:34] {@Threei} Long Setup:  VXX  .80 break
01[09:34] {@Threei}  late
01[09:35] {@Threei}  valid again
01[09:35] {@Threei}  If holds  .70
01[09:35] {@Threei}  to .74
01[09:35] {@Threei}  1:1
01[09:36] {@Threei}  again, same setup
01[09:36] {@Threei}  If holds  .75
01[09:36] {@Threei}  Invalidated
01[09:37] {@Threei} Long Setup:  IWM  .60 break
01[09:37] {@Threei}  If holds  .50
[09:37] {dino} sap sm l .92
01[09:38] {@Threei} Long Setup:  DAL  .50 break
01[09:38] {@Threei}  If holds  .40
01[09:39] {@Threei}  Invalidated
01[09:40] {@Threei}  X Reportedly planning to lay off more than 600 workers (approx 1.5% of workforce) at Ohio steel plant, citing low oil prices - press -
[09:41] {dptl} vlo .70 break long?
[09:41] {cosmo} they must make rigs at that plant
01[09:42] {@Threei}  VLO, not yet
[09:43] {dptl} ok
[09:44] {dino} pipes i think
[09:44] {nemo} VLO is a refiner
[09:44] {nemo} X makes alot of the pipes for drillers
[09:44] {dino} yes
[09:44] {nemo} not gonna' be much drilling for a while
01[09:45] {@Threei}  *(US) DEC FINAL MARKIT SERVICES PMI: 53.3 V 53.7E
01[09:47] {@Threei}  TWTR Hearing chatter Carl Icahn may be interested in Twitter
[09:47] {nemo} aapl took out yesterday's lows
01[09:47] {@Threei} Long Setup:  FB  .40 break
01[09:47] {@Threei}  .50
[09:47] {ese} gm
01[09:47] {@Threei}  If holds  .40
01[09:48] {@Threei}  ese :)
[09:48] {nemo} Stalinist
[09:49] {ese} out mack .87 +.12
01[09:49] {@Threei}  no go
[09:49] {dino} gj
[09:49] {ese} L hct ..4029
01[09:51] {@Threei} Long Setup:  TWTR  .10 break
01[09:51] {@Threei}  If holds  37
01[09:54] {@Threei}  1:1
01[09:54] {@Threei}  looks 1:3-ready
01[09:55] {@Threei}  nah, just a scalp
01[09:57] {@Threei} Long Setup:  IWM  .20 break
01[09:57] {@Threei}  If holds  .10
[09:57] {nemo} numbers @10
01[09:58] {@Threei}  Invalidated
[09:59] {ese} otals Revenue HCT 2014 $194,367(t) 2013 $125,353(t) 2012 $35,738(t)
01[10:00] {@Threei}  *(US) NOV FACTORY ORDERS: -0.7% V -0.5%E
[10:00] {ese} Rev stream powering hct
01[10:00] {@Threei}  *(US) DEC ISM NON-MANUFACTURING COMPOSITE: 56.2 V 58.0E
[10:00] {ese} hasn't reported Dec for last year yet
[10:00] {ese} sell on news deal
[10:03] {ese} Free money hct sell stop break even .41
01[10:04] {@Threei} Long Setup:  VXX  .40 break
01[10:04] {@Threei}  If holds  .30
[10:05] {nemo} JPM
01[10:06] {@Threei} Long Setup:  VXX  .30 break
01[10:06] {@Threei}  If holds  .20
01[10:06] {@Threei}  1:1
01[10:06] {@Threei} Short Setup: JPM  60 break
01[10:07] {@Threei}  If holds  .10
01[10:07] {@Threei}  1:2
[10:08] {dino} sap to b/e
01[10:08] {@Threei}  closed on a trail
01[10:08] {@Threei}  1:1  JPM
01[10:09] {@Threei}  thanks for bringing it to attention, nemo
[10:09] {nemo} URI TRIP SPWR NXPI JPM IBM GS C URI AMGN DAL UAL GOOGL LNKD COF   all weak
[10:10] {ese} hct stop to .50
[10:10] {nemo} only GG strong
[10:11] {ese} stopped .51 +.10
[10:11] {nemo} lotta' red on algo, not much price decline...foreshadowing a bounce or range day
[10:11] {nemo} could be bear trap...duh
[10:12] {nemo} IWM bounced 50 day
[10:13] {nemo} GG KSS APA HUM APC MNST now strong
[10:13] {ese} thats kinda what i'm thinkin nemo....bear trap
[10:14] {nemo} don't hurt yourself ese
[10:14] {ese} take small profit get the heck out
[10:14] {dino} sap to .22
[10:14] {ese} ha ha
[10:14] {nemo} no....by thinking
[10:16] {dino} to .32
[10:18] {dino} out sap .32, +.40
[10:18] {RonS} gj
[10:19] {dino} ty
01[10:22] {@Threei}  frikin TWTR
01[10:26] {@Threei} Long Setup:  CAT  .90 break
01[10:26] {@Threei}  If holds  .80
01[10:26] {@Threei}  change to .80 break
[10:26] {dino} ual drop
01[10:27] {@Threei}  If holds  .70
[10:27] {dino} sm l .30
01[10:27] {@Threei}  change to .70 break
01[10:27] {@Threei}  If holds  .60
01[10:28] {@Threei}  1:1
01[10:30] {@Threei}  1:2
01[10:30] {@Threei}  1:3
01[10:30] {@Threei}  out
[10:31] {JoebiWan} gj
[10:31] {dino} ual stop .96 -.34
[10:31] {dino} wtf
[10:32] {dptl} dal .80 break long?
[10:32] {ese} hmmmmm....i sure like the daily on ual though
[10:33] {dino} stopped me and bounced .20 in blink
01[10:33] {@Threei}  .70 rather
01[10:33] {@Threei}  with tight .65 stop
[10:34] {dino} things feel weak
[10:36] {dptl} nope out
[10:37] {ese} well after a 300 pt drop in the dow yesterday....
[10:38] {ese} mrkt has to correct 20%...it might as well just start and get it over with
[10:39] {nemo} typical liberal, telling the world what it has to do
[10:40] {ese} lol
[10:41] {dino} lol
01[10:41] {@Threei} Long Setup:  TWTR  .75 break
01[10:42] {@Threei}  If holds  .65
[10:43] {RonS} hey ese, how is you rfmd doing?
[10:43] {ese} wow...just listened to "Crazy" by Patsie Cline.......what an awesome voice......regret not being able to see her perform
01[10:44] {@Threei}  valid
[10:44] {nemo} I can arrange that for you ese
[10:44] {nemo} Vad...send me a ticket
[10:44] {RonS} guessing no youtube in canada...
01[10:44] {@Threei}  no go
[10:45] {ese} ...itunes....
[10:45] {ese} actually some of my favorite country comes from the "Nashville" TV show
[10:46] {RonS} omg
[10:46] {ese} right now
[10:47] {ese} all original material written fro the show and performed by those actual artists......no overdubbing....no lip sync......fabulous
[10:47] {ese} for the show
[10:47] {dino} cybr sm l .45
[10:48] {nemo} FB
[10:48] {RonS} so rfmd merges w/ triquint...and trades under qrvo or quorvo....  what could go wrong?   look at the chart!
01[10:49] {@Threei}  what the deuce
01[10:49] {@Threei}  no news
[10:49] {nemo} no buyers
01[10:50] {@Threei}  HAIN Financial blog makes cautious comments, draws parallel to HLF problems
[10:50] {nemo} big spy volume spike though
[10:50] {RonS} it's the name... the naming consultants must have been witches
[10:50] {nemo} they're being sued
01[10:51] {@Threei} Long Setup:  VXX  .50 break
[10:51] {RonS} who?
01[10:51] {@Threei}  If holds  ,40
[10:51] {ese} heres one of my favs by Lennon and Maisy....couple of Canadian kids at the Grand Ole Opry https://www.youtube.com/watch?v=RPTr5FO-ALg
[10:53] {dptl} dis .80 break long?
01[10:54] {@Threei}  can't tell
[10:59] {nemo} see if spy makes another atempt at vwap
01[11:00] {@Threei}  VXX iksplozhion
[11:00] {nemo} elevator down?
[11:01] {ese} hmmmm   am liken the look of HCT as the spyders tank here.....it's movin nowhere
[11:02] {dino} out cyber .20 -.25
[11:07] {RonS} crude 48.44
[11:09] {dptl} long hal .21 stop .14
[11:11] {ese}  iksplozhion.......ok....I give up.....whats it mean?
01[11:12] {@Threei}  wow
01[11:12] {@Threei}  I am deeply saddedned
[11:13] {ese} explosion?
01[11:13] {@Threei}  years of tireless work promoting real English... in vain
[11:13] {ese} lol
[11:13] {nemo} he's a musician...wtf
01[11:14] {@Threei}  and that's not even my best effort... could have used "eeqsplozheeon"
[11:16] {ese} ok now THAT!!!.....i would have understood
01[11:16] {@Threei}  whew
[11:17] {nemo} sso short here
[11:17] {nemo} aapl too
[11:19] {nemo} beautiful bear flags
[11:19] {nemo} SPY bottomed S2
01[11:19] {@Threei} Short Setup: JPM  .45 break
01[11:20] {@Threei}  If holds  .55
[11:20] {dptl} out hal
[11:21] {dino} adding bokf puts
[11:22] {RonS} bok 'em dino?
[11:23] {dino} :). big oil exposure loan book
[11:23] {dino} back min 30 or so
[11:23] {RonS} if bok goes bk, do they come back as rebok?
01[11:24] {@Threei}  lol
[11:25] {RonS} crude 48.22 wow
01[11:25] {@Threei}  the speed of decline is really something
01[11:27] {@Threei}  1:1
01[11:33] {@Threei}  1:2
[11:34] {dptl} got jp ty
01[11:36] {@Threei}  yw
01[11:38] {@Threei}  1:3
01[11:39] {@Threei}  my a$$ is out
[11:39] {JoebiWan} nice one vad
06[11:39] * @Threei weighing responces: "ty" or "I know?"
[11:40] {dptl} or sure dude...lol
01[11:40] {@Threei}  nah, "sure dude" is a proper response to "ty"
[11:41] {dptl} oh...i see lol
01[11:41] {@Threei}  don't mix your dudeisms
01[11:41] {@Threei}  dudeness is art... take time to master
[11:42] {dptl} taking notes :)
01[11:42] {@Threei}  and watch the movie once a week, as a religion
01[11:43] {@Threei}  for the first 2-3 months of dudeness course
[11:43] {dptl} lol...ok
[11:45] {RonS} crude 47.89
01[11:49] {@Threei}  really remarkable
01[11:49] {@Threei}  putin is having heart attack
01[11:50] {@Threei}  (one can hope)
[11:57] {nathan} hi gents
[11:57] {nathan} how was the morning? like yesterdays?
01[11:58] {@Threei}  hi nathan
[11:58] {ese} gotta go...cya tomorow
01[11:58] {@Threei}  have to upset you, very good
[11:58] {RonS} cya ese
01[11:58] {@Threei}  take care ese
[11:58] {nathan} :-(
01[11:58] {@Threei}  wow... he really got upset
[11:58] {nathan} happy for u
[11:58] {nathan} :-)
[12:02] {dptl} vlo.50 long?
01[12:04] {@Threei}  nah
[12:05] {nathan} dal .80 long?
[12:06] {nathan} nah
[12:21] {@dino} tna l .15
01[12:21] {Threei}  dcc dino
01[12:22] {@Threei}  so far no confident reversal
[12:23] {dino} stop tna
[12:24] {dino} 16100 gap area oct
[12:24] {nathan} no reversal? seem to be a freefall...
[12:27] {dino} tna rinsed
01[12:28] {@Threei}  yeah, IWM too
01[12:28] {@Threei}  waiting for pulback
01[12:30] {@Threei} Long Setup:  IWM  .70 break
01[12:31] {@Threei}  If holds  .60
01[12:36] {@Threei}  half out
01[12:36] {@Threei}  1:1
01[12:36] {@Threei}  1:2
01[12:38] {@Threei}  1:3
01[12:38] {@Threei}  can do more
01[12:38] {@Threei}  keeping last piece
[12:38] {dino} gj
01[12:38] {@Threei}  ty
[12:38] {nathan} gj 3i
[12:38] {JoebiWan} nice dude
01[12:39] {@Threei}  I know
[12:39] {dino} ual sm l .76
01[12:40] {@Threei}  (coolness factor = 10)
01[12:40] {@Threei}  1:4
[12:40] {nemo} should get to .25ish
01[12:42] {@Threei}  1:5
01[12:43] {@Threei}  ok, I am out
01[12:43] {@Threei}  nailed that reversal
[12:47] {dptl} vlo .70 long?
01[12:49] {@Threei}  if holds .64
[12:58] {dptl} finaly
[13:04] {dptl} out ..thats all it was
01[13:07] {@Threei}  relax... scalping time at best
01[13:08] {@Threei}  good day, don't spoil it by overpushing
[13:19] {RonS} Z knocked out
[13:26] {dptl} dal short?
[13:26] {dptl} and luv short looks like
[13:27] {dptl} or .20 long?
[13:27] {dptl} luv
01[13:27] {@Threei}  I am confused
01[13:29] {@Threei}  as soon as I don't get to answer one question, I already don't get to answer another
[13:30] {RonS} sounds like a trend...
[13:38] {dptl} do you like bhp short Vad? .30 break
01[13:38] {@Threei}  nah
[13:41] {dptl} how about vlo .50 break short?
01[13:41] {@Threei}  no
[13:41] {dptl} ok
[13:52] {nathan} c u tomorrow
[13:57] {RonS} crude 47.55
01[13:58] {@Threei}  beautiful
01[14:00] {@Threei}  (US) Boehner re-elected Speaker of the House by the membership, his third 2-year term
[14:01] {dptl} cop .60 long?
01[14:01] {@Threei}  White House say Obama would veto Keystone pipeline bill
01[14:01] {@Threei}  yes
[14:02] {cosmo} congress will overide
01[14:02] {@Threei}  I don't think they have votes to override veto
01[14:02] {@Threei}  do they?
[14:03] {cosmo} apparently the Reps are working on it
[14:03] {RonS} senate the key...so to speak...
[14:04] {dptl} stopped cop
[14:04] {cosmo} the resulting tar sand oil spills should really do the trick
[14:05] {nemo} PSX looks short
[14:05] {nemo} SLB
01[14:06] {@Threei}  man... green propaganda really did number on you environmentally conscious...
01[14:06] {@Threei}  tar sands are as cleen or as dirty as any other oil
[14:06] {cosmo} its the sloppiest technology avilable
[14:06] {nemo} not really, lots of sludge
01[14:06] {@Threei}  who told you that?
[14:07] {cosmo} available
01[14:07] {@Threei}  have you even been to areas that have been exploited, then restored?
[14:07] {nemo} petroleum engineer friend of mine...lots of scorched earth
01[14:07] {@Threei}  know anything about latest technologies they use?
01[14:07] {@Threei}  go there and see for yourself
[14:07] {RonS} never worked on nemo's girlfriends...
[14:08] {cosmo} I did environmental work for 30 years...
01[14:08] {@Threei}  don't just eat the national geographic propaganda
[14:08] {nemo} ahhh, that explains it
[14:08] {nemo} I don't Vad
[14:11] {nemo} APA below .80 looks short
[14:12] {nemo} shouldn't get above .95
[14:13] {cosmo} hmm...Boehner again. What a tear jerker...
01[14:14] {@Threei}  his suntan really gets on my nerves
[14:15] {cosmo} envy?
[14:15] {cosmo} nah
[14:15] {dptl} fb .85 long Vad?
01[14:16] {@Threei}  late... but if pulls back, yes
[14:17] {dptl} didt get it
01[14:18] {@Threei}  huh?
01[14:18] {@Threei}  it spent enough time there to get it three times
[14:18] {dptl} dont ask
[14:18] {dptl} i dont know why
01[14:19] {@Threei}  take a look, cosmo, and this is old one, there were many developments since then: http://www.forbes.com/sites/ericagies/2011/11/29/albertas-tar-sands-not-so-bad/
[14:19] {dptl} just couldnt press that button
01[14:19] {@Threei}  1:1
[14:20] {cosmo} k...reading now
01[14:21] {@Threei}  notice two sources referred in there
01[14:21] {@Threei}  they are most significant
01[14:21] {@Threei}  1:2
01[14:21] {@Threei}  if I can find on the fly a few developments since then, I'll add
[14:23] {dptl} cop .20 long ?
01[14:24] {@Threei}  yes
[14:25] {JoebiWan} out fb ty dp
[14:25] {dptl} sure
01[14:26] {@Threei}  1:3
01[14:28] {@Threei}  2013 story... couple big hollywood celebrities come to alberta with their anti-tar sands rhetorics
[14:28] {dptl} still valid cop
[14:28] {dptl} ?
01[14:28] {@Threei}  yes
01[14:28] {@Threei}  1/4
01[14:29] {@Threei}  provincial govt guys offer them tour over current work areas and some of old ones that wernt or go through remediation process
01[14:29] {@Threei}  they take their invitation, go and see with their own eyes, talk to people that work on all this stuff
01[14:30] {@Threei}  return totally stumped
01[14:30] {@Threei}  1:5
01[14:30] {@Threei}  I am out
01[14:30] {@Threei}  thanks dp
06[14:30] * @Threei slaps dptl around a bit with a large roll of cash
01[14:31] {@Threei}  their final interview is banished from all the leftist/green sites
01[14:31] {@Threei}  1:6
[14:34] {cosmo} Sorry...but this time I'm with the celebrities. It has already been shown that its just to dangerous to trasport that sludge long distance through pipes that will break and thereby pollute the watersheds...permanately.
01[14:35] {@Threei}  you are with them before or after they've seen what actually happens?
01[14:35] {@Threei}  because you know... thise were two very different tales
01[14:36] {@Threei}  one inspired by propaganda and another by reality
[14:36] {cosmo} what I'm think of will happen in the American (US) mid west.
[14:36] {dptl} gn all see you tomorrow
[14:36] {cosmo} Why can't Canada refine it and send out final product?
01[14:37] {@Threei}  you are aware that USA official assessment is that it's safe to transport that oil by the pipeline, right?
01[14:38] {@Threei}  by your own government
01[14:38] {@Threei}  which at the moment is as left and green as it gets
[14:38] {cosmo} I am aware they say such things
[14:39] {cosmo} Political scientists are not true scientists
01[14:39] {@Threei}  so you just elect to dismiss assessments that are not in line with your views :)
01[14:39] {@Threei}  excuse me... but those are LEFT and GREEN guys
01[14:39] {@Threei}  if anything, you'd expect their assessment to be on your side
01[14:40] {@Threei}  yet they can't bring themselves to lie in official repprts
[14:40] {cosmo} I see what decisions would have been made 25 years ago. And back then it would definately be a no go for the industry.
01[14:41] {@Threei}  let me throw in just one more thing to ponder
01[14:41] {@Threei}  have you ever heard this expression:
01[14:42] {@Threei}  recruit under false flag?
[14:44] {cosmo} The problem with tar sands crude is what happens during long distance transport, the nature of which will stress the pipes until they break, as has already been demonstrated a year ago along the Mississippi.
01[14:45] {@Threei}  so... false flag?
01[14:45] {@Threei}  or you are not interested?
[14:46] {cosmo} false flag oil?
[14:46] {cosmo} confused
01[14:46] {@Threei}  recruit under false flag
[14:46] {cosmo} for oil?
01[14:46] {@Threei}  do you know this expression and its meaning?
[14:47] {cosmo} nope, i guess
01[14:48] {@Threei}  one of the way opf recruiting by secret sevice is not direct "work for us, betray your country"
01[14:48] {@Threei}  it's based on financing and promoting certain movement that is politically and ecomically benefitting to the country of said service
01[14:49] {@Threei}  recruits have no idea whose interests are behind the idea they are being involved in
01[14:49] {@Threei}  they take it at face value
01[14:50] {@Threei}  one of such examples is anti-fracking movement,
01[14:50] {@Threei}  more broadly, many environmental movements,
[14:50] {cosmo} I'm an anti fracker for sure
01[14:50] {@Threei}  all aimed at making oil and gas as expensive as possible
01[14:51] {@Threei}  know which exactly intelligence is behind this?
[14:51] {cosmo} ugh...no
01[14:51] {@Threei}  come on
01[14:51] {@Threei}  who benefits?
[14:52] {cosmo} I'm just a scientist
[14:52] {cosmo} X?
01[14:52] {@Threei}  which country is the most interested in stopping fracking, keystone, making oil price go up?
[14:52] {cosmo} Saudi
[14:52] {RonS} Arrests in New York dropped more than 50% last week after last month's cop killings
01[14:52] {@Threei}  nope
[14:53] {cosmo} that's why they are killing it
[14:53] {cosmo} makeing oil cheap temporily
01[14:54] {@Threei}  it's not saudis that prhanize and finance green movements
01[14:54] {@Threei}  organize
[14:54] {cosmo} k
[14:57] {cosmo} sigh ...US?
01[14:58] {@Threei}  oh come on
01[14:58] {@Threei}  it' can't be that complicated :)
01[14:59] {@Threei}  who is suffering the most right now from oil price drop?? :)
[14:59] {cosmo} venezuela
01[15:00] {@Threei}  too small to really influence much
[15:00] {RonS} the horse refuses to go to the water...
01[15:00] {@Threei}  whose state revenue are coming from oil over 50%
01[15:01] {@Threei}  who secret service really has teeth, experience, brioad network?
01[15:01] {@Threei}  whose
[15:01] {nemo} FSB
01[15:01] {@Threei}  finally
[15:26] {JoebiWan} iwm?
01[15:26] {@Threei}  watching
01[15:27] {@Threei} Long Setup:  IWM  .80 break
01[15:27] {@Threei}  If holds  .70
01[15:27] {@Threei}  1:1
[15:29] {JoebiWan} lets break 116
01[15:29] {@Threei}  that's the idea
01[15:29] {@Threei}  aggressive C&H entry
01[15:31] {@Threei}  nah
01[15:31] {@Threei}  just a scalp
01[15:36] {@Threei}  OK guys, don't want to spoil great day
01[15:36] {@Threei}  thank you, have a great evening
01[15:37] {@Threei}  see you tomorrow
[15:37] {JoebiWan} cya vad

Jan 05 2015

Somewhat jerky day with a few too many rinses. Several nice wins, especially closer to end of day, mostly fixed the total but obviously gotta make some corrections tomorrow.


Session Time: Mon Jan 05 00:00:00 2015

01[09:08] {@Threei}  [DAL] Reports Dec load factor 83.7% v 85.2% y/y; raises Q4 op margin to 12-13% (prior 11.5-12.5%) - PRASM -4.5% y/y
[09:11] {nathan} gm gents
01[09:12] {@Threei}  nathan :)
[09:14] {RonS} greetings euro captives and looney lovers
[09:15] {nathan} :-)
01[09:15] {@Threei}  ron :)
01[09:15] {@Threei}  euro 9 year lows
01[09:15] {@Threei}  loonie is welcome to follow the suit
[09:16] {RonS} gasoline $1.88 here
[09:18] {dptl} gm
[09:18] {RonS} unreal to me diesel $1.20 higher... for decades it was always cheaper
01[09:19] {@Threei}  dp :)
01[09:19] {@Threei}  it was always a tad higher here
01[09:20] {@Threei}  not that much though
[09:22] {dino} gm
01[09:23] {@Threei}  dino :)
[09:23] {nemo} had momentary power outage.  pc reboots but logix says I'm still logged in. can't get into the system and nobody home at support
[09:24] {RonS} natty looking spiffy
[09:25] {pamsv} hi everyone
01[09:25] {@Threei}  pam :)
01[09:26] {@Threei}  - (EU) German Chancellor Merkel said to be prepared to allow Greece to leave the eurozone if it elected an anti-austerity govt
01[09:26] {@Threei}  - (UK) PM Cameron: Prefers to move forward the planned referendum on UK's membership in EU from 2017 if possible
01[09:27] {@Threei}  I think all these folks are short Euro
[09:27] {RonS} lol
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -CNAT +35% (will report top-line results from 3 ACLF and organ impairment clinical trials on Emricasan after market close on 1/8)
01[09:28] {@Threei}  -CEMP +14% (Phase 3 clinical trial of solithromycin oral capsules (Solitaire-Oral) in the treatment of patients with community acquired bacterial pneumonia)
01[09:28] {@Threei}  -KITE +5.6% (enters cancer immunotherapy agreement with AMGN)
01[09:28] {@Threei}  -CERS +5.3% (Phase 3 trial of intercept red blood cells met primary & secondary endpoints)
01[09:28] {@Threei}  -ISIS +5% (enters collaboration with Janssen for RNA Therapeutics for GI Autoimmune diseases)
01[09:28] {@Threei}  -IMMU +5.4% (awarded fast track designation by FDA for Sacituzumab)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -BCLI -15% (Phase 2a trial NurOwn data)
01[09:29] {@Threei}  -RIO -3.4% (buyback of as much as A$5B as early as next month)
01[09:29] {@Threei}  -FCX -2.3% (lower copper prices)
01[09:29] {@Threei}  -SBUX -1.6% (negative broker commentary)
01[09:29] {@Threei}  -FCAU -1.5% (Dec sales)
[09:30] {ese} gm
01[09:30] {@Threei}  nice clkmb DAL
01[09:30] {@Threei}  ese :)
01[09:32] {@Threei} Long Setup:  DAL  .20 break
01[09:32] {@Threei}  If holds  .17
01[09:32] {@Threei}  .10
01[09:32] {@Threei}  change to .15 break
01[09:32] {@Threei}  If holds  .05
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei}  got away
01[09:35] {@Threei} Long Setup:  IWM  .35 break
01[09:35] {@Threei}  If holds  .25
01[09:37] {@Threei}  no go
01[09:38] {@Threei} Short Setup: WMT  .75 break
01[09:38] {@Threei}  If holds  .85
01[09:39] {@Threei}  Invalidated
01[09:42] {@Threei} Long Setup:  MCD  .40 break
01[09:43] {@Threei}  If holds  .30
01[09:46] {@Threei} Long Setup:  IWM  .20 break
01[09:46] {@Threei}  If holds  .10
01[09:48] {@Threei}  1:1
01[09:51] {@Threei} Long Setup:  VXX  .50 break
01[09:51] {@Threei}  If holds  .40
01[09:53] {@Threei}  stop to .44
01[09:53] {@Threei}  out
01[09:54] {@Threei}  rinse
[09:55] {dptl} rig .10 br short?
01[09:55] {@Threei}  yup
01[09:56] {@Threei}  frikin VXX
01[10:01] {@Threei} Short Setup: CAT  .60 break
01[10:01] {@Threei}  If holds  .70
01[10:02] {@Threei}  fast...
01[10:03] {@Threei}  1:1
01[10:04] {@Threei}  1:2
[10:04] {dino} uot slb puts from wednesdale, +.90/24%
01[10:05] {@Threei}  1:3
01[10:05] {@Threei}  out
01[10:07] {@Threei} Long Setup:  LUV  .20 break
01[10:07] {@Threei}  If holds  .15
[10:10] {ese} spyders filling a gap looks like.....on my charts anyway
[10:11] {ese} 202.34 to 203.92
[10:11] {ese} ?
[10:11] {ese} anyone else seeing that
01[10:13] {@Threei}  quite possible
01[10:13] {@Threei}  meh LUV
[10:14] {nemo} bottom of gap is 201.79
[10:16] {RonS} hearing...Italian Banks being halted in Milan
[10:16] {ese} L mack .74
[10:17] {ese} all of them ron?
01[10:17] {@Threei} Long Setup:  VXX  .50 break
01[10:18] {@Threei}  If holds  .40
[10:18] {nathan} Me out for today. See u tomorrow at the usual lunch-time
01[10:18] {@Threei}  1:1
[10:18] {RonS} re-post ese ergo "hearing"...dunno
01[10:19] {@Threei}  VXX target 1:5 if goes
01[10:22] {@Threei}  nah, just scalp
[10:25] {dino} cybr sm l ave .27
01[10:32] {@Threei}  now VXX goes, after rinsing balance
01[10:33] {@Threei}  1:1  RIG
[10:34] {ese} yep....my italian bank shs aren't trading......have 50 shs of BPMLY otc at 2.83 forgot all about them.....in my RB bank account forgot all about them
[10:35] {ese} bought them 4 years ago after the wife and I went to italy
[10:35] {ese} figured the italian economy couldn't get much worse
[10:36] {ese} Banca Popolare di Milano Scarl
[10:37] {ese} this is dumb...time to ditch em...I look at that acct once in a blue moon
01[10:38] {@Threei}  well... let's say that investment decision wasn't made based on sound strategy
[10:38] {ese} lol
[10:39] {ese} since i got on with you vad...forgot I had that acct with Royal bank
01[10:41] {@Threei}  I need to look into that... if I have the ability to make people forget about their bank accounts, maybe I can also make then transfer ownership of said accounts to me?...
01[10:41] {@Threei}  1:2  RIG
01[10:42] {@Threei}  VXX at 1:4.... grrrrrrr
[10:42] {ese} I still have the acct its my regular one but there is an ianvestment side that I used to use...it's free....it's gotta be 2 years since i looked at it
[10:43] {ese} saw rons post and I went.....huh....oh ya......
01[10:51] {@Threei} Short Setup: USO  .10 break
01[10:51] {@Threei}  If holds  .20
[10:52] {ese} anybody on this board live close to Memphis TN......am gonna be there April 17th to 26th
[10:58] {RonS} so, no volunteers?
[10:59] {RonS} nemo here?
01[10:59] {@Threei}  he is buying tickets to memphis
[11:00] {RonS} hilarious
[11:02] {dptl} lvs .40 break long?
[11:02] {nemo} yeah, have a gunsmith friend down there who has a Class 7 license...he'll fabricate a suppressor for me
[11:03] {RonS} 3i, ese:  tennessean nickname "volunteers"...
01[11:03] {@Threei}  LVS no
[11:03] {nemo} the "vols"
[11:03] {RonS} nemo, the Lions really got jobbed by the refs...
01[11:04] {@Threei}  USO stop to .16
[11:04] {nemo} maybe, but the thought of Suh having success galls me...he's such an asshole
[11:05] {RonS} no bigger than jerry jones...galls me that the League is doing all they can to put the "boys in the Super Bowl
[11:07] {RonS} 3i, American lexicon:  "jobbed" from inside job...refers to a fix during a sporting event
[11:07] {nemo} Well, I'd rather the Pats face the Cowboys then Seattle
[11:09] {dptl} vlo .50 break short?
01[11:10] {@Threei}  ron, I might even learn English some day... :)
01[11:10] {@Threei}  VLO, yes
[11:11] {ese} trying to find a highlight to see what you guys are talking about
[11:14] {RonS} ese: a ref called this foul, that has beed on 999 times out of 1000 in the past five seasons...then picked up the flag and ruled "no foul"...critical momemtum changer in the game:  http://www.msn.com/en-us/sports/nfl/overturned-call-helps-cowboys-edge-lions/ar-BBhwlb1?ocid=iehp
[11:14] {RonS} been one
[11:20] {ese} wow
[11:20] {ese} that looks like interference if i ever saw it
[11:21] {ese} back to the guy...pushes him.....
01[11:21] {@Threei}  cover half USO
[11:21] {ese} and what was the reson for reversing the call
[11:22] {RonS} the rule is that if the defender never turns his head to play the ball, it is interference...
[11:22] {ese} yup
01[11:22] {@Threei}  1:1
[11:22] {ese} why'd the ref reverse the call
[11:23] {RonS} imo, the League wanted the Cowboys to win... higher ratings, more money:  it was a fix
[11:24] {ese} ouuuuu....tough to prove that one
[11:25] {RonS} the ref could not have been acting alone...the League reviews every call, and fires guys for crap like that
[11:28] {ese} you mean fines the refs
[11:28] {RonS} no, they lose their job...
01[11:28] {@Threei}  good boy USO
[11:29] {ese} hmmmm...didn't know that......i guess he better have a good reason
[11:29] {RonS} yep, oil trying to bust $50
01[11:30] {@Threei}  I can't even start listing the reasons it pleases me
[11:31] {JoebiWan} please do
01[11:31] {@Threei}  taking teeth out of russian military being not the last of them
[11:31] {JoebiWan} ty vlo dp
[11:32] {dptl} yw
01[11:34] {@Threei}  dp masters the craft of dudeness
[11:38] {dptl} out vlo
01[11:43] {@Threei}  closed last piece of USO on a trail
[11:50] {RonS} GILD + CVS Health Corp. Gives Preferred Formulary Status to Gilead Sciences' Drugs Harvoni and Sovald
[11:52] {Raven} hello?
[11:52] {JoebiWan} hi
[11:53] {Raven} anybody else?
01[11:53] {Threei}  no
01[11:53] {Threei}  why?
[11:53] {Raven} stupid server belch
01[11:54] {Threei} Long Setup:  IWM  .55 break
01[11:54] {Threei}  If holds  .45
01[11:58] {Threei}  no go
[11:59] {RonS} icahn working at gs now?  Goldman says JPMorgan should break itself into pieces http://bloom.bg/1wQ7OAY
[11:59] {dptl} hal.05 long ?
[12:00] {dptl} late
[12:00] {dptl} that was wll actually
01[12:01] {Threei}  lol
[12:01] {dptl} was looking at wll but thinking about hal..lol
01[12:03] {Threei}  need to be a mind reader to communicate with you
01[12:03] {Threei}  'cause HAL .05 long is really late... by days {G}
[12:04] {dptl} lol yeah..
01[12:05] {Threei}  DAX down 2.7%, the CAC off more than 3% and the FTSE down 1.7% after some weekend saber-rattling by German Chancellor Merkel, who said in a Der Spiegel interview that Europe needs to be prepared to let Greece leave the euro zone if it elects an anti-austerity government.
01[12:05] {Threei}  WTI crude is poised to see a four handle, with the front-month contract trading around $50.20 or so as of writing, down 2.4% on the session.
01[12:06] {Threei}  Note that traders say open interest for $40-$50 strike puts are rising, while $20-$30 puts for June 2015 have traded.
[12:07] {dptl} dal.50 long?
01[12:08] {Threei}  can't tell
[12:08] {dptl} ok
[12:11] {dptl} how about dis .30 break short?
01[12:13] {Threei}  no read
01[12:21] {Threei} Long Setup:  DAL  .40 break
01[12:21] {Threei}  If holds  .30
01[12:23] {Threei}  grr
01[12:27] {Threei} Long Setup:  VXX  .40 break
01[12:28] {Threei}  If holds  .30
01[12:29] {Threei}  1:1
01[12:30] {Threei}  1:2
[12:31] {JoebiWan} ty vad
01[12:31] {Threei}  yw
01[12:32] {Threei}  1:3
[12:39] {dptl} cop .60 break long?
01[12:39] {Threei}  not really delighted by longs yet
[12:40] {dptl} ok
01[12:40] {Threei}  ugh pam... missed 1:3
[12:42] {dino} dplo drop
01[12:42] {Threei}  BABA Seeing call activity17K Mar 140 calls trade at the ask
[12:43] {dino} thats a heck of a ways away
01[12:51] {Threei} Long Setup:  IWM  .85 break
01[12:51] {Threei}  If holds  .75
01[12:53] {Threei}  if this is double bottom, should get 1:3
01[12:54] {Threei}  come on IWM, faster
[12:55] {dptl} where is it now ? iwm?at .84?
[12:55] {nemo} no algo all red
[12:56] {dptl} i think my quotes are slow
[12:56] {nemo} check your TTR
[12:56] {dptl} 79
01[12:56] {Threei}  nah
01[12:57] {Threei}  no bottom yet
[12:57] {dptl} when i saw post it was like 7c away
01[12:59] {Threei} Long Setup:  IWM  .75 break
01[12:59] {Threei}  If holds  .65
[13:00] {nemo} nah no bounce
01[13:00] {Threei}  very close
[13:00] {nemo} they held the iwm up and sunk the spy, now they'll hold the spy and sink the iwm
01[13:01] {Threei} Long Setup:  IWM  .70 break
01[13:01] {Threei}  If holds  .60
01[13:02] {Threei}  ok IWM, it's time
[13:03] {dptl} long wll .76
01[13:06] {Threei}  sigh
01[13:09] {Threei}  jeez
01[13:09] {Threei}  switching to DKTK
[13:10] {nemo} trend down day
[13:10] {dptl} out wll ..just a scalp
[13:10] {nemo} knife catching trying to find bottoms today
[13:27] {nemo} we're very likely have a serious flush today
[13:27] {nemo} there is weekly pivot support on spy @.40ish
01[13:44] {Threei}  (US) Senator Hoeven (R-ND): Expects President Obama to veto the keystone bill, which has 63 votes so far - Backers can't beat the veto without changes to the bill- Bill has 63 votes so far- White House Press Secretary Earnest: President Obama believes the Keystone pipeline would have little impact on gas prices, but no comment on whether the President would veto the bill.
01[14:03] {Threei} Long Setup:  VXX  .35 break
01[14:03] {Threei}  If holds  .25
01[14:06] {Threei}  great, now it's IWM time
[14:06] {@nemo} I wouldn't be sure about that
01[14:12] {@Threei}  rinse after rinse
[14:13] {nemo} yeah, but trend is down
01[14:13] {@Threei}  VXX on pullback
01[14:13] {@Threei}  ideally frpom under .40
[14:13] {nemo} .40 is support for spy, below that get's elevatorish down
01[14:14] {@Threei}  come on VXX
01[14:15] {@Threei}  return to pick us up
[14:15] {dptl} hal .60 break short?
01[14:16] {@Threei}  nah
[14:16] {nemo} shouldn't drop below .30 if indexes going lower
01[14:16] {@Threei} Long Setup:  VXX  .45 break
01[14:17] {@Threei}  If holds  .35
01[14:17] {@Threei}  nope
01[14:17] {@Threei}  too hectic
[14:18] {nemo} I was wrong, it hit .29
[14:26] {dptl} wll .50 break short?
01[14:26] {@Threei}  yes
[14:28] {dptl} too fast
[14:28] {nemo} spy and finnies looking a bit ominous here
[14:28] {nemo} but both close to convergent support
[14:30] {nemo} crude below 50
[14:31] {nathan} short DAL 48 break?
[14:32] {dptl} 72 degrees...21c..i am in the summer again...lol
[14:33] {nemo} shut up dp
[14:33] {dptl} lol
[14:34] {dino} cold here, 22 f
[14:34] {RonS} 48 here, feels like summer...
[14:34] {RonS} oil 49.91
[14:38] {RonS} uri dumpage
[14:38] {dino} taking cybr off -.32
[14:38] {dptl} i am gonna finish early....see ya tomorrow all
[14:38] {dino} all things considered, secuity holds well, cybr, feye, vdsi
01[14:44] {@Threei} Long Setup:  VXX  .60 break
[14:45] {dino} uri sm l .40
01[14:45] {@Threei}  If holds  .50
[14:50] {dino} uri stop .15, -.25
01[14:58] {@Threei} Long Setup:  VXX  .50 break
01[14:58] {@Threei}  If holds  .40
01[14:59] {@Threei}  1:1
01[15:01] {@Threei}  1:2
01[15:02] {@Threei}  closed on a trail
[15:07] {dino} uri sm l .40
[15:07] {RonS} only thing i see uri is evercore downgrade... don't they make batteries?
[15:12] {dino} construction stuff
01[15:13] {@Threei}  [URI] Evercore ISI Institutional Equities Cuts URI to Sell from Buy, price target: $87 - citing exposure to energy/commodities and construction contagion
[15:14] {RonS} must be ebola...
01[15:14] {@Threei} Long Setup:  DAL  .35 break
01[15:15] {@Threei}  If holds  .25
[15:15] {dino} out uri .03, +.63
01[15:15] {@Threei}  wtg
[15:15] {dino} ty
01[15:21] {@Threei}  Invalidated
[15:23] {dino} aal sm l .84
01[15:26] {@Threei} Long Setup:  DAL  .25 breakj
01[15:26] {@Threei}  If holds  .20
01[15:31] {@Threei}  meh
01[15:38] {@Threei} Long Setup:  IWM  .20 break
01[15:38] {@Threei}  If holds  .10
01[15:38] {@Threei}  last try
01[15:40] {@Threei}  1:1
01[15:40] {@Threei}  frikin DAL
[15:40] {nemo} treacherous day
[15:40] {nemo} off to doctor c u
[15:41] {JoebiWan} cya nemo
01[15:49] {@Threei}  1:2
[15:52] {JoebiWan} out, ty
01[15:52] {@Threei}  1:3
01[15:52] {@Threei}  yw
[15:52] {JoebiWan} almosted stopped for the day..
01[15:52] {@Threei}  glad to finish with this
[15:53] {JoebiWan} finished about even
01[15:54] {@Threei}  thank you all, have a good evening
01[15:54] {@Threei}  see you tomorrow
[15:54] {JoebiWan} gn
[15:54] {dino} out aal .96, +.11
[15:57] {dino} gn
[15:57] {pamsv} see you - thanks

Market Week Wrap-up

TradeTheNews.com: : New Year's Blues
Fri, 02 Jan 2015 16:04 PM EST

Trading volumes were very light in the New Year's holiday week. Global equity markets dipped during the final session of 2014 and then fell lower on the first day of trading in the New Year as weak data and jitters about upcoming Fed and ECB action drove risk appetite into the deep freeze. Manufacturing industry data from around the globe out this week was not especially positive, adding to the tepid atmosphere.

Looking back, 2014 was very good for major US equities: the S&P 500 rose 11% to 2,059, its sixth year of positive returns and its third straight year of double-digit gains. The DJIA added 7.5% to 17,823 after slipping below 18,000 on the final two days of trading, and the Nasdaq advanced 13%. Small-cap stocks were not quite as solid: the Russell 2000 climbed 3.5%. Europe's EuroStoxx 600 Index gained 3.9% on the year and Germany's DAX Index added 2.7%, although France's CAC40 dropped 1.2%. Chinese equities had their best performance since 2009 even as overall emerging-market shares posted the first back-to-back annual loss in 12 years.

US housing market data out this week remained tepid. The S&P/CaseShiller October home price survey showed that real estate price gains slowing a bit. The y/y gain dropped to +4.5% from +4.8% in September. Yale economist Shiller commented that the housing market is fragile and is still reliant on low interest rates. The November pending home sales m/m figure beat expectations and returned to positive territory after October's contraction. The December Chicago Purchasing Manager survey and the ISM Manufacturing Index missed expectations, hitting their lowest levels since mid-2014.

Oil prices sagged to fresh five-year lows, with front-month WTI dropping from the mid-$55 area on Monday as low as $52.50 on Wednesday. The contract bounced off the lows but by Friday came very close to the $52 level. Brent crude bottomed around $55.50 but closed out the week around $56. Interestingly the oil equities themselves continue hold up better. The OIH and XLE remain above their mid-December lows which expedited the latest move to fresh all-time highs for US stock indices.

Comments from ECB President Draghi and ECB Chief Economist Praet left little doubt that quantitative easing is imminent. On Tuesday, Praet said euro zone inflation was below 0% and would stay there for an extended period. The official December euro zone CPI reading is out next week could cement expectations for European QE after the November reading matched a 4-year low at 0.3%. Praet argued that sovereign bonds were the only asset class with enough volume to make an impact on the inflation issue. Draghi was less sanguine, but highlighted that the risk of deflation in euro zone cannot be ruled out. Unsurprisingly, various German figures refuted these assertions. Germany's 'wisemen' said there was no deflation while the CDU Deputy party Chairman Fuchs said the euro zone was no longer obligated to rescue Greece as they were no longer systemically important. Between imminent QE and the Greek situation, EUR/USD gravitated toward the psychological 1.2000 level (though did not break through) and the 10-year bund yield fell to fresh all-time lows of 0.49% while the 5-year now offers a negative yield for the first time ever.

The Greek political crisis helped push yield spreads to fresh record levels as the Greek 10-year yield approached 10% even as most other EU government bonds are at or near record low yields. After lawmakers rejected the government's candidate for president last weekend, Greek PM Samaras was forced to dissolve the parliament and call a general election on January 25th. Polls showed Syriza, the leftist, anti-bailout opposition party of Alexis Tsipras, to be the frontrunner in the race. Tsipras has promised to get a better deal from the Troika on Greece's bailout payments. The EU has sternly warned that any new government must abide by prior obligations, suggesting that in the event of a Syriza victory irreconcilable differences could lead to a "Grexit."

China's official December Manufacturing PMI survey hit its lowest level since mid-2013, even as the non-manufacturing survey recovered to a four-month high. Manufacturing PMI components New Orders and Output were at 2014 lows, and inventories and employment were at 10-month lows. November industrial profits data fell by 4.2%, the largest y/y decline in 27 months. The PBoC published a report confirming that the government would change the rules on loan-to-deposit ratio calculations in 2015 to inject further liquidity into the system. The new rules would allow the inclusion of savings held by banks for non-deposit-taking financial institutions in banks' deposits, expanding the ratios and boosting lending capacity.

In Japan, Prime Minister Abe continues to fine-tune his efforts to extinguish deflation and jumpstart the economy. The government said it is planning a $29B (¥3.5T) fiscal stimulus package, featuring subsidies for households to help stimulate consumption along with more relief for earthquake-hit areas. The plan is estimated to add 0.7% to 2015 GDP growth. The government also announced it would aim to cut the corporate tax rate to below 30% over the next several years. The FY15/16 tax reform will cut the corporate rate to 32.1% from 34.6%.

Dec 30 2014

Between holidays and tech troubles yesterday, a trading session worth waking up for. Quiet but nicely profitable.


Session Start: Tue Dec 30 09:03:20 2014

[09:09] {cosmo} just wondering how long I stay connected this time...
01[09:09] {@Threei}  we are unworthy of knowing that
[09:10] {cosmo} riding a roller coaster with a blindfold on
01[09:11] {@Threei}  that' a good definition of life
[09:11] {cosmo} these days...yes
[09:16] {dino} gm
01[09:17] {@Threei}  dino :)
[09:17] {Jenh} gm
01[09:17] {@Threei}  jen :)
01[09:24] {@Threei}  SPY down, gold up - Greece contagion fears
01[09:24] {@Threei}  just like 5 years ago
01[09:24] {@Threei}  only a few billion dollars less
01[09:24] {@Threei}  which is nothing between friends
[09:25] {nemo} not just like 5 years ago...no limit down opens yet
01[09:26] {@Threei}  holidays... give it time
01[09:26] {@Threei}  and closer to election
01[09:27] {@Threei}  Upside:ARCP (Corvex discloses stake and talks for a board seat)NRDM (positive phase IIa Parkinson's drug data)CNV (recent IPO initiated with multiple Overwieght/Buy ratings)KNDI (report that China to extend green vehicle subsidies)XNPT (RBC analyst made positive comments)
01[09:27] {@Threei}  Downside:CVEO (guides lower on drop in oil sands spending)JST (terminates $8.80/shr going private transaction)PG (downgrade to Neutral at BTIG)
[09:27] {RonS} gm
01[09:27] {@Threei}  ron :)
[09:27] {nemo} so, only 7 stitches for father's leg
[09:29] {Jenh} seriously, you're dad got hurt? :(
[09:29] {nemo} knocked a knife off the counter, sliced his shin
[09:30] {Jenh} ouch sorry to hear that
01[09:33] {@Threei} Long Setup:  IWM  .90 break
01[09:33] {@Threei}  If holds  .80
01[09:34] {@Threei}  1:1
01[09:35] {@Threei}  1:2
01[09:36] {@Threei}  1:3
01[09:36] {@Threei}  out in full
[09:36] {dptl} ty
[09:36] {JoebiWan} nice trade
01[09:36] {@Threei}  yw
[09:36] {nemo} touched the weekly R1
[09:36] {dino} gj
01[09:37] {@Threei}  ty
[09:39] {RonS} dsw spike
01[09:44] {@Threei} Long Setup:  FB  .15 break
01[09:44] {@Threei}  If holds  .05
01[09:49] {@Threei}  lol
[09:49] {Jenh} wow
01[09:49] {@Threei}  1:1
[09:49] {dptl} yeah
01[09:49] {@Threei}  good luck getting in
[09:50] {dptl} jp .65 short?
[09:51] {dptl} jpm
01[09:51] {@Threei}  nah
[09:53] {ese} gm
01[09:54] {@Threei}  ese :)
[09:54] {ese} L rfmd .75
[09:54] {ese} vad
[09:55] {ese} 3/4
[09:56] {nathan} gm
01[09:56] {@Threei}  nathan :)
01[09:57] {@Threei}  missed couple good ones, late sleepers
[09:57] {nathan} :-)
[09:57] {ese} nat!!!!!!!!!!!!!!!!
[09:57] {nathan} that's what a need... a couple of good ones!
[09:58] {nathan} hi ese!
01[09:58] {@Threei}  don't be late then... trading sessions are short these holiday days
[09:59] {ese} is it an early day today vad?
01[09:59] {@Threei}  no
[09:59] {nemo} no ese
[10:00] {ese} tks
01[10:00] {@Threei}  *(US) DEC CONSUMER CONFIDENCE: 92.6 V 94.0E
[10:00] {nemo} just search on "Stock Market Holidays"
[10:00] {cosmo} you want to start early though
[10:00] {nemo} SPY bounce
[10:00] {ese} tks nemo
01[10:00] {@Threei} Long Setup:  JPM  ,75 break
01[10:00] {@Threei}  If holds  .65
[10:01] {ese} man shoulda coulda ....wanted to get at  FLML buts it so thinly traded I didn't know what to do with it.........where dino when ya need him
[10:02] {nemo} he's here ese
[10:02] {dino} here
[10:04] {ese} hey dino....take a look at flml for me......could you have gotten into that around .20 or so
[10:04] {dino} i wouldn't have ese, not my edge
[10:05] {dino} so far this week, not really me, not doing much, not seeing much
[10:05] {ese} tks...
[10:05] {dino} next week things should get better
[10:05] {ese} look forward to that
[10:05] {dino} not pushing on the year end
[10:06] {dino} may grab som tm calls
[10:07] {nemo} this is spy weekly pivot
[10:07] {RonS} dino see report tm missing numbers in China?
[10:08] {dino} yes, thinking week yen play
[10:08] {dino} abe-onomics
[10:08] {RonS} dishonest abe?
[10:09] {dino} aren't they all
01[10:09] {@Threei} Long Setup:  FB  .90 break
01[10:10] {@Threei}  If holds  .80
01[10:10] {@Threei}  change to .85
01[10:11] {@Threei}  Invalidated
[10:13] {nathan} cmon JPM!!!!
01[10:13] {@Threei} Long Setup:  FB  .75 break
01[10:14] {@Threei}  If holds  ,65
01[10:16] {@Threei}  Invalidated
[10:16] {nemo} fb red on algo
[10:16] {nemo} look for .50ish bounce
01[10:17] {@Threei}  dunno... looks double-bottomish to me
[10:17] {dptl} i acedently get in .73 fb ...out
[10:17] {nemo} yeah
[10:17] {nemo} true
[10:17] {nemo} or jerkaroundish
01[10:17] {@Threei}  ok JPM, your turn to shine
01[10:18] {@Threei}  take .80 and fly
01[10:19] {@Threei}  1:1
[10:19] {nathan} thx 3i1
01[10:19] {@Threei}  yw
01[10:30] {@Threei} Short Setup: FB  .60 break
[10:31] {nemo} what, joebi head over to the Sith side of town
[10:33] {nemo} might want to two side that one
[10:34] {nemo} he came back to the light
01[10:35] {@Threei}  and found you greeting him cheerfully?
[10:35] {JoebiWan} :)
01[10:36] {@Threei}  no go
[10:36] {nemo} 1:1
[10:36] {dptl} stopped fb
[10:36] {nemo} I see rinse now
[10:37] {nemo} stays under .75 good chance of rinse
[10:39] {nathan} btw nemo, what's algo?
[10:40] {nemo} it's a stock filter
[10:40] {nathan} like finviz?
[10:40] {nemo} except it's real-time
[10:40] {nathan} ok thx
[10:42] {nemo} RRC looks short
[10:43] {nemo} wow cat
[10:43] {dptl} twtr short .60 break?
01[10:44] {@Threei}  looks like
01[10:44] {@Threei}  frikin FB
[10:44] {dptl} you 'll go for it?
[10:44] {nemo} yeah, rinse
01[10:45] {@Threei}  did
[10:46] {dptl} ye in .58
01[10:46] {@Threei}  it acts like salmon
01[10:48] {@Threei}  1:1
[10:48] {nathan} 1:1 thx dpti
01[10:51] {@Threei}  sheesh JPM... you still have 1:2 to hit, move your heavy butt already!
[10:53] {dino} gj
06[10:57] * @Threei kicks JPM in the rear
[10:58] {dptl} out twtr balance
[11:00] {dino} cybr sm l .04
[11:01] {nathan} short C .65 break?
[11:01] {dptl} jpm trail below .80 now?
01[11:02] {@Threei}  C, no
01[11:02] {@Threei}  wrong market for such trade
01[11:02] {@Threei}  JPM trail, yep, makes sense
01[11:02] {@Threei}  .70 now
[11:02] {ese} good enough out rfmd .96 +.21
[11:02] {nathan} ok
[11:03] {dptl} .80 you mean
01[11:03] {@Threei}  .79
[11:03] {ese} like dino says....no sense in pushin things
01[11:03] {@Threei}  wtg ese
[11:03] {ese} tks....works for me
[11:05] {dino} gj ese
[11:06] {nathan} gj ese!
[11:11] {dptl} lvs short?58 break?
[11:13] {nemo} I'd short it closer to .15
[11:13] {nemo} unless indexes let go
[11:13] {dptl} out jp
01[11:14] {@Threei}  LVSm yes, hl
01[11:14] {@Threei}  LVS
[11:18] {nemo} DP...23 resistance on LVS
[11:21] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[11:21] {nathan} still markt xmas holydays?
[11:21] {dino} y
[11:21] {nathan} :-(
[11:22] {nathan} looks like the spanish xmas holydays
01[11:22] {@Threei}  British scientists discovered that birthdays are good for our health. According to the statistics they gathered the more birtdays a person has the longer they live
[11:22] {dino} lol
[11:22] {Jenh} lol
[11:22] {nathan} lol
[11:22] {Jenh} ndrm
[11:23] {Jenh} sorry
[11:23] {dino} for what?
[11:23] {nemo} here DP
[11:23] {nathan} short DAL 49 break?
[11:24] {Jenh} meant to put the symbol into etrade but posted it on the chat
[11:24] {dino} ahh
01[11:25] {@Threei}  DAL, chart is right, just a bit too narrow today...
01[11:25] {@Threei}  don't count on much if triggers
[11:25] {Jenh} was on the big movers list so just curious
[11:27] {dino} lc spike
01[11:30] {@Threei} Long Setup:  CAT  .60 break
[11:34] {nemo} wow vxx just exploded
[11:37] {RonS} huge trade rates in $VXX  4700 trades in about 2 seconds
[11:37] {nemo} HFT
01[11:41] {@Threei}  If holds  .50
[11:51] {RonS} neon shining
01[11:51] {@Threei}  hmmm
01[11:54] {@Threei}  earlier today there were press reports that the US Commerce Department informed some oil companies that they may export a lightly processed form of crude oil called condensate without formal permission.
[11:54] {RonS} good news for the label makers...
[11:57] {nathan} well gents hope to see u tomorrow
[11:57] {nathan} g.luck
[11:57] {RonS} geez, neighbors out snow blowing w/ -2 temp...do nothing here sub 20...
[11:58] {ese} cya nat
[11:58] {RonS} vaya con dios
[11:59] {ese} what he said
[11:59] {RonS} means have a corn dog in spanish ese
01[12:02] {@Threei}  lol
[12:04] {ese} ha ha
[12:08] {ese} catch ya later this morning.....gotta go get the license renewed
[12:09] {nemo} oh thought you had to register with the police?
[12:09] {RonS} effecient in canada, can do both at same time...
[12:09] {nemo} just keep the pets locked up when ese is around
[12:11] {nemo} EXPE looks short
[12:20] {dino} carry permit ese? :)
[12:20] {nemo} in Canada?
[12:21] {dino} opps, so bored i can't even make proper joke
[12:22] {dptl} rig .80 long?
01[12:23] {@Threei}  nah
[12:33] {dino} derm sm l .69
[12:35] {dptl} have to go...see ya tomorrow all
[12:41] {nemo} BWA
[12:41] {nemo} drops .50 should be good short
[12:43] {dino} i can just imaging how slow tomorrow will be
[12:44] {nemo} as slow as my father's circulation
01[12:44] {@Threei}  I think let's do a few hours tomorrow in the morning
01[12:44] {@Threei}  then it's going to be useless
01[12:45] {@Threei}  also, I don't know about Friday
01[12:45] {@Threei}  same thing as last week, one day between holiday and weekend
[12:45] {dino} sep spike
[12:46] {dino} out derm .06, +.37
[12:47] {dino} cybr stop .70, -.34
[12:48] {dino} calling it a day, take care
[12:49] {RonS} vay con pennsylvania dutch
[12:49] {RonS} +a
[12:49] {dino} lol
01[12:54] {@Threei}  wow... CAT 1:1
[12:54] {JoebiWan} we made it
01[12:54] {@Threei}  hehe
[12:59] {nemo} shorted bwa .50 btw
[13:05] {nemo} out above .52
[13:08] {nemo} like FB short below .20?
01[13:08] {@Threei}  chart is right
01[13:08] {@Threei}  but this thing didn't really work today
01[13:45] {@Threei}  (UR) Reportedly a radiation leak above acceptable levels has been detected at Ukraine's Zporizhia nuclear plant - Russia press
01[13:45] {@Threei}  oh great
01[13:45] {@Threei}  that's all they needed
01[13:50] {@Threei} Short Setup: GLD  .30 break
01[13:50] {@Threei}  If holds  .40
[14:01] {JoebiWan} logix not acting right here. anyone else?
[14:02] {nemo} fine here
[14:02] {nemo} reload your layout or restart
01[14:02] {@Threei}  fine here too
[14:23] {ese} hopefully it's within the Russian occupied zone
[14:23] {ese} the leak
01[14:23] {@Threei}  no
01[14:23] {@Threei}  no such luck
[14:34] {nemo} VXX
01[14:57] {@Threei}  die already you useless shiny barbaric relic
[14:58] {nemo} it's REAL money dude
[14:58] {nemo} abide
01[14:58] {@Threei}  I normally do... but not in this case
[14:59] {JoebiWan} that was intense
01[14:59] {@Threei}  1:1
01[15:00] {@Threei}  intense to the point of falling asleep?
[15:00] {JoebiWan} lol yup
01[15:00] {@Threei}  :)
01[15:00] {@Threei}  hey, speeds up
01[15:01] {@Threei}  1:2
01[15:01] {@Threei}  dp will be like "ooohhh why, why"
01[15:01] {@Threei}  and we will be like "yeah!!"
[15:09] {ese} justa  wanta tooa pointa outta eh datta Blackberry isah doin rader well eh......wha da ya tink eh?
[15:09] {nemo} meds ese
[15:09] {ese} lol
[15:11] {ese} by the way nemo...serious question...hows the weather there.....one of my main singers from my Midnights band is flying back today from Boston visiting relatives.....hopefully she gets back for tomorow.
[15:12] {nemo} weather is fine...accuweather.com
[15:12] {nemo} what town?
[15:13] {ese} good question a little community about 30 mins north of Boston
[15:13] {nemo} Ahhh opposite direction
[15:13] {ese} i'll find out when she gets back
[15:14] {nemo} puts her up near New Hampshire or Maine
[15:14] {nemo} unless they're out towards Cape Ann
[15:14] {ese} that sounds correct
[15:14] {nemo} since  I'm from around here it should
[15:15] {ese} lol
[15:15] {ese} hmmmmmmmmmm
06[15:15] * nemo thinks, "Frickin' musicians..putz"
[15:15] {RonS} peckerhead
[15:16] {ese} like ahhh whazza you problem eh?
[15:16] {nemo} going mafia on a sicilian ese? manga la gaza
[15:17] {ese} perche non
[15:18] {ese} Potrei anche usare le mie lezioni di italiano
[15:19] {ese} 3 years of them
[15:19] {RonS} omg, and he can't spell English?
[15:20] {ese} is your background really italian sicilian nemo?
[15:20] {nemo} no, I just made it up...yes, my name ends in a vowel
[15:21] {ese} lol
[15:21] {nemo} as a matter of fact, the only vowel my name doesn't have is "U"
[15:21] {ese} when the wife and I go again hopefully next year we do want to go to sicily
[15:21] {nemo} talk about oxymoron, the root of my last name in Greek means "holy one"
[15:22] {ese} she has relatives on the west coast in a town called Gagliano Aterno.....basically in the mountains on the way to Pescara
[15:22] {RonS} prob means the one who shoots bullets...
[15:23] {ese} straight across from Rome....but Sicily is going to be the side trip
[15:23] {RonS} lol...some side trip
[15:24] {ese} eggzactilly.....
01[15:24] {@Threei}  1:3 baby
01[15:24] {@Threei}  closed
[15:24] {nemo} this is the greek spelling: http://biblehub.com/greek/2413.htm
[15:25] {JoebiWan} ty 3i
01[15:25] {@Threei}  yw
[15:26] {ese} am outta here all....been great sparing with ya....even though useza two are playin with with empty pistols
[15:26] {nemo} bring your dictionary next time
01[15:26] {@Threei}  take care ese
[15:26] {ese} ouch.....nice finish es if i don't say so myself
[15:26] {ese} cya vad
[15:27] {nemo} compliments from ese rate right up there with watching the NY Jets play
[15:27] {ese} nemo!
[15:31] {nemo} coma city
01[15:32] {@Threei}  what coma
01[15:32] {@Threei}  haven't you seen us taking 1:3 on GLD
[15:32] {nemo} no
01[15:32] {@Threei}  sheesh
01[15:32] {@Threei}  15:24] {@Threei} 1:3 baby
01[15:32] {@Threei}  [15:24] {@Threei} closed
[15:33] {nemo} ahhh, but I'm referencing more the lack of reparte today
01[15:33] {@Threei}  my mistake... thought we tried to trade here {G}
[15:34] {nemo} let's see, which Russian word to choose
01[15:34] {@Threei}  - NYSE volume 342M shares, about 34% below its three-month average; - NASDAQ volume 950M shares, about 36% below its three-month average; decliners lead advancers
[15:35] {nemo} spy should top yesterday
[15:42] {cosmo} hmm....NDRM nice momentum today ...drug must really work
01[15:46] {@Threei}  OK guys, thank you all
01[15:46] {@Threei}  have a good evening, see you tomorrow
[15:47] {JoebiWan} cya ty

Market Week Wrap-up

TradeTheNews.com A "Green" Christmas
Fri, 26 Dec 2014 16:08 PM EST

The holiday-shortened week was marked by a few more milestones as the S&P500 reached fresh all-time highs and the Dow Jones Industrial Average topped 18,000 for the first time with the Santa Claus rally in full effect. US final Q3 GDP came in at a blazing hot 5.0%, cementing feelings of good cheer, which was not in any way dampened by New Home Sales missing estimates for the third month in a row. With a strong Q3 boding well for consumer spending during the holiday season (Spendingpulse estimated Black Friday through Christmas Eve retail sales rose 5.5% y/y), the greenback maintained its firm tone against other major currencies. European markets were for the most part closed for the back half of the week, but not before posting more lackluster data. France Q3 GDP was in-line with expectations at 0.4% y/y, and Euro Zone consumer confidence was slightly better than expected but still firmly in negative territory. The DJIA has now risen for seven straight sessions, its longest winning streak since March 2013, gaining 1.4% on the week, while the S&P500 and Nasdaq each rose 0.9%.

The obsessive focus on the price of oil finally relaxed this week as WTI futures stabilized in the mid-$50's range and Brent hovered around the $60/barrel mark. Warm Christmas weather across much of the US and a lower than expected draw in the weekly natural gas inventory data led to natty gas being the big mover in the energy complex. After the data, natural gas futures tested $3.00, a two-year low.

In deal news, we saw the all too convoluted Caesars saga come to a head as CACQ confirmed it was to be acquired by CZR. This follows report last week that CZR was moving forward with a bankruptcy filing for one of its operating units after failing to come to agreements with some creditors. The Dollar store showdown (FDO, DG, DLTR) was pushed out another month with shareholder votes now scheduled for late January. Consolidation in the telecom sector was also put on ice as the FCC requested additional time to review upwards of 30 thousand documents related to the Time Warner/Comcast deal. After a brief hiatus, tax inversion talk resumed with Stryker speculated to be preparing a bid for Smith and Nephew in the coming weeks. This followed reports in late November that Stryker was said to be considering a bid as the 6 month standstill mandated by UK takeover laws was nearing its end.

Gilead was hit by new competition concerns. Following the FDA approval of ABBV's Viekira Pak as a treatment for Hepatitis C late last week, reports indicated that Express Scripts could drop Gilead's rival treatment which has faced heavy criticism for its high price. This combination led to a sharp sell off in GILD's stock early in the week from $108 to $82, with one analyst going so far as to say the move by ESRX could lead to a permanent shift in power away from drug developers and towards PBMs and insurance carriers. Gilead share rebounded late in the week on an RBC note calling for the company to take advantage of the lower share price and growing FCF to conduct large scale share buybacks.

The family of mortgage and housing firms helmed by William Erbey (OCN, ASPS, AAMC, RESI) absorbed a blow on Monday as Ocwen disclosed the settlement with the NY Department of Financial Services amounting to a $150M penalty. Notably, along with the financial repercussions, Chairman Erbey was forced to resign from all of the firms he oversaw and in which he was a large investor. Ocwen shares took a 30% haircut after the settlement was announcement, and the other stocks in the family all suffered double digit percentage losses as well.

In the FX market, the USD was consolidating from multi-year highs as the theme of central bank divergence continued to aid the greenback. On Tuesday, The EUR/USD fell to its lowest level since Aug 2012 below 1.22 before consolidation. The continued hope for full-blown ECB sovereign QE continued to push bond yields lower. The Spanish 10-year yield posted a new record low below 1.68% while Italy dipped back below the 2% level. The British pound softened after UK Final Q3 GDP year over year reading was revised lower (2.6% vs. 3.0% prelim) and the nation's current account registered its largest deficit on record. GBP/USD approached the 1.5535 level after the data release on Tuesday, hitting its lowest level since September 2013.

The Russian Ruble currency continued to stabilize as dealers noted that lower oil prices also meant a boost for most economies. The Ruble firmed on 4 of the 5 sessions during the week as the Russian Central Bank held consultations with various key exporters on hard currency revenue sales. Mid-week the Russian finance ministry felt confident enough to declare the currency crisis over, though the currency is still more than 30% weaker than it was a just a few weeks ago.

The Shanghai Composite ended the week up 1.6%, above 3150, despite a two-day slide below the psychological 3000 mark. Much of the mainland market buoyancy has been attributed to expectations for the PBoC to remain committed to a steady easing campaign as the pace of economic expansion continues to slow. In fact, the central bank's latest quarterly survey saw over 90% of bankers anticipating a "somewhat loose" policy stance in the next quarter, and nearly half of respondents expect the economy to be "relatively cool" - up about 6 percent from the prior quarter. However, the likelihood of merely cosmetic changes in policy also remains high. On Friday, the government reportedly offered a temporary waiver of requirement for banks to set aside reserves for certain deposits, and the PBoC's director of research also hinted that overall monetary policy is appropriate as money supply growth remains over 10%.

A wide set of economic data out of Japan offered few hints of a thaw from the country's technical recession. November industrial output fell on a sequential basis for the 3rd consecutive month, spoiling expectations of a rebound, even though the economy ministry remained upbeat that growth would resume in December and January. Nationwide core CPI for November also slowed to an 8-month low of 2.7%, while adjusted for the consumption tax that figure was an even more dire 0.7% - down from 0.9% in October and well below the 2% BOJ target. Despite the troubling data, BOJ Governor Kuroda remained resolute in his expectation of the inflation target being achieved in due timeframe, noting firms are increasingly more active with capital investment and private consumption is improving steadily.

Dec 23 2104

Very quiet (as expected) but nicely profitable day. Handling this holiday period very well


Session Time: Tue Dec 23 00:00:00 2014

[09:03] {dino} gm
[09:06] {dptl} gm
01[09:07] {@Threei}  hey guys
[09:11] {RonS} ho ho ho everyone
[09:11] {cosmo} sounds like work
01[09:12] {@Threei}  ron :)
01[09:12] {@Threei}  lol
[09:19] {Jenh} gm
01[09:19] {@Threei}  jen :)
[09:21] {RonS} wow oil spike over gdp and right back down
01[09:22] {@Threei}  feels like oil bottom is nowhere near reached
[09:24] {dino} low 40s gut
[09:25] {RonS} cat 7 day pre high
[09:25] {RonS} fb ath
01[09:25] {@Threei}  exactly where my gut puts it dino
01[09:25] {@Threei}  -VNDA +20% (registers 1.8M shares)
01[09:25] {@Threei}  -JRJC +20% (earnings)
01[09:25] {@Threei}  -CYT +18% (signed expansion of collaboration with Astellas for development of CK-2127017 in spinal muscular atrophy)
01[09:25] {@Threei}  -NQ +16% (approved $80M share repurchase program)
01[09:25] {@Threei}  -ICLD +11% (signed $6.2M professional services contract for a Tier 1 client)
01[09:25] {@Threei}  -AEIS +5.7% (exploring strategic alternatives for solar inverter business, expects to record $10-14M non-cash inventory charge)
01[09:25] {@Threei}  -ARIA +6% (announced co-development of Iclusig to treat leukemias with Otsuka)
01[09:25] {@Threei}  -CHK +4.5% (closed Southern Marcellus & Utica Shale sale; approves $1B repurchase)
01[09:25] {@Threei}  -REXX +4% (cutting '15 capex outlook & updates production guidance)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -DRL -50% (reports that the FBI raided an office)
01[09:26] {@Threei}  -GMCR -3% (recalls 7M MINI Plus Brewing Systems due to burn hazard)
01[09:26] {@Threei}  -SCS -5% (earnings)
[09:28] {RonS} Oil dropping. Boone changes name to Slim
[09:29] {cosmo} ...and Slim rides the bomb
[09:29] {RonS} 3i...T Boone Pickens to Slim Pickens...one of my favorite character actors
01[09:30] {@Threei}  got it
01[09:30] {@Threei}  (see, I am not hopeless)
01[09:31] {@Threei}  (but need some explanations)
01[09:31] {@Threei} Short Setup: FB  .90 break
01[09:31] {@Threei}  If holds  82
01[09:31] {@Threei}  1:1
01[09:34] {@Threei} Short Setup: JPM  .10 break
01[09:34] {@Threei}  If holds  .20
[09:35] {dino} out mei calls from thursday, +1.10 / +37%
01[09:36] {@Threei}  nice
[09:37] {dino} ty
01[09:42] {@Threei}  FB nice drop
01[09:43] {@Threei}  no go JPM
01[09:45] {@Threei} Long Setup:  TWTR  .85 break
01[09:45] {@Threei}  If holds  .75
01[09:46] {@Threei}  should be easy 1:3er
01[09:46] {@Threei}  1:1
01[09:47] {@Threei}  1:2
[09:48] {dptl} ty
[09:49] {Jenh} ty 3i!
01[09:49] {@Threei}  yw
01[09:49] {@Threei}  hoped for more
01[09:49] {@Threei}  but market and FB drop kept it
01[09:53] {@Threei} Long Setup:  FB  81 break
01[09:53] {@Threei}  If holds  .90
01[09:53] {@Threei}  TWTR is doing it now... grrr
01[09:53] {@Threei}  1:1  FB
01[09:54] {@Threei}  1:2
[09:54] {dptl} missed
01[09:55] {@Threei}  *(US) DEC FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 93.6 V 93.5E
[09:57] {JoebiWan} out fb ty 3i
01[09:59] {@Threei}  yw
01[09:59] {@Threei}  1:3
01[10:00] {@Threei}  *(US) NOV NEW HOME SALES: 438K V 460KE -
01[10:00] {@Threei}  10:00 *(US) NOV PERSONAL INCOME: 0.4% V 0.4%E; PERSONAL SPENDING: 0.6% V 0.5%E
[10:01] {dino} rcpt drop, amgn drop
[10:02] {dino} asps sm l .15
[10:08] {nathan} hi gents
01[10:09] {@Threei}  hey nathan
[10:09] {nathan} glad to "see" you
01[10:09] {@Threei}  :)
01[10:10] {@Threei}  btw guys, remember ese went to Nanaimo last week?
01[10:10] {@Threei}  well... we might not see him for a while:
01[10:10] {@Threei}  Nanaimo RCMP seized high powered rifles, ammunition, cash, cocaine, and other drugs from a Nanaimo home early Sunday morning. Police are recommending firearms and drug charges
[10:11] {dptl} lol
[10:11] {Jenh} lol
[10:11] {nathan} lol
[10:11] {dptl} musicians eh...all cover up
[10:11] {JoebiWan} ese's a rapper?
01[10:11] {@Threei}  he will try to plead "that was just christmas gift for extended family"
01[10:12] {@Threei}  drummer, jw :)
[10:12] {dptl} right...thats what we thought
[10:15] {ese} gm
[10:15] {dptl} lol
01[10:15] {@Threei}  ese!
[10:15] {ese} lol
01[10:15] {@Threei}  you are out? on a bail?
[10:15] {dptl} here he is...escaped
[10:15] {ese} that was funny.....just got back from vancouver....
[10:16] {Jenh} amazing timing ese
01[10:16] {@Threei}  got it... swam across the sound from nanaimo
01[10:16] {@Threei}  escaping the police
[10:16] {ese} i feel like i'm out on bail.....what can i say...i'm a drummer....i've got great timing
01[10:16] {@Threei}  hehe
[10:17] {Jenh} lol good one
01[10:18] {@Threei} Short Setup: DAL  47 break
01[10:18] {@Threei}  If holds  .10
01[10:22] {@Threei}  1:1
[10:24] {nathan} thx Vad
01[10:24] {@Threei}  :)
01[10:25] {@Threei}  1:2
[10:25] {dptl} ty
01[10:25] {@Threei}  yw
[10:26] {RonS} gild freefall
[10:27] {RonS} ....when 1.3 bil shares want out...
01[10:27] {@Threei}  1:3
[10:28] {JoebiWan} gj vad
01[10:28] {@Threei}  ty
01[10:28] {@Threei}  awww
01[10:28] {@Threei}  Itake it back
01[10:29] {@Threei}  right answer: yeah, I know
01[10:29] {@Threei}  lost my dude-like cool
[10:30] {dptl} cop .40 recross long?
01[10:32] {@Threei}  yes
01[10:32] {@Threei}  nice setup
01[10:32] {@Threei}  half lot
01[10:32] {@Threei}  spread got jumpy
[10:33] {dptl} out some .50
01[10:33] {@Threei}  out DAL in full
01[10:33] {@Threei}  almost touched 1:4
[10:34] {dptl} all out cop 1:3
[10:34] {JoebiWan} ty dp
[10:34] {RonS} biotech murdered
[10:34] {dptl} sure dude yw
[10:34] {JoebiWan} lol
[10:34] {dptl} lol
01[10:35] {@Threei}  dudeness takes over the room
01[10:35] {@Threei}  good catch COP
01[10:35] {@Threei}  love this kind of setups
[10:36] {dptl} learning from the best dudes
[10:36] {JoebiWan} what kind of setup would you consider that?
[10:37] {dino} rcpt gap fill
01[10:38] {@Threei}  this is aggressive entry on C&H, jw
01[10:39] {@Threei}  cap just started turning up from the bottom,
01[10:39] {@Threei}  pullback that formed it ended with nice downward candlestick
01[10:39] {@Threei}  pure beauty
[10:40] {JoebiWan} i see now ty
01[10:40] {@Threei}  yw
[10:42] {dino} rcpt smr l ave .92
[10:52] {RonS} wonder if gild gets to $80 today...
[11:00] {dptl} dal long?
[11:01] {dino} scanners slow
01[11:01] {@Threei}  not sure
[11:01] {dptl} ok
[11:01] {RonS} not here, big cap biotech gone totally pulp
[11:02] {ese} L rfmd .32
[11:06] {dino} espr drop
[11:07] {nathan} brb
[11:09] {RonS} klic ing on all cylinders
[11:11] {RonS} jazz blue note
[11:13] {RonS} gnrc kicking in
[11:17] {RonS} gpro could get fast... lockup expired on 38 mil shares, more than doubling outstanding but 12 million are short
[11:26] {dino} lockup exp today ron?
[11:27] {RonS} yes
[11:37] {ese} rfmd stopped .22 -.10
[11:38] {ese} rats......damn thing proved me wrong........I hate that
[11:38] {RonS} bummer dude
[11:38] {ese} lol
01[11:45] {@Threei}  The excellent GDP data has further strengthened the greenback and helped send the dollar index out to nine-year highs. EUR/USD dipped below 1.2180 and USD/JPY is headed for 121. USD/RUB remains around 55 following reports that Russia PM Medvedev told the country's largest state exporters to sell off their foreign currency reserves to help stabilize the currency.
01[11:46] {@Threei}  WTI crude is once again hovering around $55 this morning. Gulf OPEC members were commenting earlier that they expect global oil prices to rebound to $70-80 by the end of 2015 as the global economic recovery revives demand. In a CNBC spot, T Boone Pickens said lower North America rig counts and shale industry consolidation would help the US energy sector in 2015.
01[11:46] {@Threei}  Biotech is getting hit hard for a second consecutive session this morning as traders examine the repercussions of the Express Scripts/AbbVie deal. The Nasdaq index is being pulled lower by the losses, and the Nasdaq Biotech index is down 3.3% as of writing, its biggest intraday loss since April.
[11:51] {ese} don't even think about reversing now ya malignant little bastard.....tank at least another .15 to .20......then ....if your lucky i might think about going long again....
[11:52] {ese} so there
[11:54] {ese} one must picture this to get the full effect......10 of us....alone sitting in a room somewhere yelling and screaming at at stock name on a display screen......
[11:54] {ese} awesome
01[11:55] {@Threei}  sorry... 9
01[11:55] {@Threei}  I am the one looking at you all with this "they must be crazy" look
[11:55] {ese} rotflol
[11:55] {ese} you don;t count .......is that what your saying
[11:57] {cosmo} and if you're screeming at everything all the time anyway, that doesn't count either
[11:58] {ese} ummmmmmmm.........ok........i can buy that
[11:58] {dino} lol ese, i yell at them daily
[11:59] {ese} I do something like.......vad!!!!!!!! that no good for nuttin snake....hes the the one!!!!!!! ya ...hes the one that got me into this
[12:01] {ese} teeth crunching....fists clenched.......blood presure over the moon......pretty much explains my situation
06[12:02] * @Threei takes away ese' coffee fir a month
[12:03] {ese} ha ha......no effect....now take away the shiskabob party?   ...that would be devastating
[12:05] {ese} AND!!!!!!! if your not careful........i can drive a golf ball from the 14th at Cordova Bay GC into your back yard..........so there!
[12:07] {dptl} man... Nanaimo must be really bad place lol
[12:08] {ese} We had a really fun show up there and quite meaningful actually......
[12:09] {ese} The fellow who hired us he has a company it's called Jones Marine group he has a fleet of 12 to 13 tugboats
[12:09] {ese} He's had a rough year his wife has contacted adrenal cancer and one of his tugs sank last October
[12:10] {ese} But the one thing that he wanted was to have my rhythm and blues band at his Christmas party was quite an honor
[12:10] {dptl} i never been in Nanimo yet...believe it or not
[12:11] {ese} huh....really
[12:11] {dptl} yeap
[12:12] {ese} It's no big whoop some of the small towns along the way I find are a little more interesting
[12:13] {dptl} got to make a trip one day around your island
01[12:13] {@Threei}  that won't be one day
[12:14] {ese} strip mall capital of the world I think
01[12:14] {@Threei}  as much as I love the whole island, Nanaimo is one place I hate
[12:15] {ese} i agree with you
[12:15] {ese} Not to mention that half the town is owned by the Hells Angels biker gang
01[12:17] {@Threei}  well... while you were out there, I told the room about it... and added that this was actually the reason for your trip.
01[12:18] {@Threei}  maintaining connections, you know
[12:18] {dptl} lol
01[12:18] {@Threei}  keeping in touch
[12:18] {ese} lol
01[12:18] {@Threei}  reunion
01[12:18] {@Threei}  reliving good times
01[12:19] {@Threei}  in short, I have done my part to keep your reputation up to the room standards
[12:19] {ese} awesome
01[12:19] {@Threei}  nemo was very impressed
01[12:20] {@Threei}  asked me to give you his warmest hug
01[12:20] {@Threei}  (whihc normally includes poisonous claw in the back)
01[12:22] {@Threei} Short Setup: GLD  .10 break
01[12:22] {@Threei}  If holds  .20
[12:22] {ese} L rfmd .20
[12:25] {dptl} fb .81 long?
[12:26] {ese} fb chart looks like a duplicate of mine
01[12:30] {@Threei}  probably
[12:32] {dptl} invalidated
01[12:36] {@Threei}  Ukraine votes to move toward NATO, infuriating Russia
01[12:36] {@Threei}  funny, a year ago Ukraine wasn't even close to the idea of joining NATO
01[12:37] {@Threei}  maybe try not to attack your neighbors so they seek protection from you in military unions with your opponents?
[12:37] {cosmo} they had their gold then
01[12:37] {@Threei}  what gold... who cares about it
01[12:38] {@Threei}  Russian Foreign Minister Sergei Lavrov called the move "counterproductive" and said it would inflame tensions.
01[12:38] {@Threei}  yeah, starting war didn't inflame any tensions
[12:41] {dptl} dal? long?
01[12:41] {@Threei}  not on breakout
[12:41] {ese} L some more rfmd avg .16785
[12:42] {dptl} ok
[12:43] {dptl} out gld
[12:50] {RonS} SYK for SNN rumor
[12:53] {RonS} BREAKING: Stryker planning takeover offer for U.K. medical device maker Smith & Nephew soon, sources say http://bloom.bg/1E8kwVA
[13:16] {RonS} sune acting like it wants to launch...long jan 20 calls .80
[13:32] {nathan} well gents have a gn
[13:32] {nathan} try to c u tomorrow
01[13:32] {@Threei}  take care nathan
[13:36] {RonS} wow:  This incredible chart shows how much money Facebook makes compared to Twitter, LinkedIn and Yelp -} http://stks.co/c1PTX
01[13:38] {@Threei}  imprwessive
01[13:39] {@Threei}  but ese thinks zukerberg is a fool
[13:39] {RonS} ya well, the market thinks Dick Costello is a fool...
[13:47] {dino} fb wants 100
[13:59] {RonS} wow, a gal visiting her parents from down the street dropped off some Christmas cookies...used to be a pouty 13 year old...later in college thought o chem was easy, now a 2nd year med student and gorgeous...unreal
01[13:59] {@Threei}  friking GLD
01[13:59] {@Threei}  rinsed
[14:00] {dino} easy there ron, control yourself
[14:01] {RonS} ugly duckling deal...stunning transformation
[14:01] {dino} good for her
01[14:03] {@Threei}  tough for ron
01[14:04] {@Threei}  let me reiterate: frikin GLD
[14:05] {dptl} abbv .50 long?
01[14:05] {@Threei}  yes
[14:05] {dino} abbv sm l .52
[14:06] {dptl} same here
01[14:06] {@Threei}  but you are getting in the way of me grieving GLD traitor act
01[14:07] {@Threei}  I am contemplating getting even with it and calling nemo to help hide the body
[14:14] {RonS} taro dealt bad cards
01[14:16] {@Threei}  not bad
01[14:16] {@Threei}  not bad at all
[14:18] {RonS} ty, but no thrill w/o a nemo groan...
01[14:19] {@Threei}  I think he is in permanent blackout today
01[14:19] {@Threei}  but fear not - if turns out he had to leave for some reason, I will make sure and copy/paste this to him
01[14:20] {@Threei}  so it won't be in vain
[14:21] {Jenh} g2g. see you guys tomorrow. gn!
[14:24] {RonS} trying to maintain decorum...but w/ jen gone:
[14:24] {RonS} wind is blowing here like a Saskatoon hooker in winter:  fast, cold, and furious...
[14:24] {dptl} out some abbv
[14:26] {dino} celg smr l .00
[14:27] {dptl} out
01[14:28] {@Threei}  lol ron
01[14:29] {@Threei}  you need ese to really get this one
01[14:29] {@Threei}  he lived there for a good while
[14:33] {dptl} that was my first city when i landed in Canada
01[14:34] {@Threei}  ok... so you get that one too {G}
[14:34] {dptl} in september,.....and by december i was gone :)
[14:35] {dptl} some place i must say...lol
01[14:35] {@Threei}  no kidding
[14:35] {dino} taking amba off from fri, +.91 / .28%
[14:35] {dino} calls that was
[14:35] {dino} calls they were, sounds better
01[14:36] {@Threei}  hehe
[14:37] {dino} stop celg -.30
[14:37] {dptl} dont know if tomorrow even worth to get up
[14:38] {dino} wondering the same dp, friday too
[14:40] {dino} wednesday & thursday holidays really mess with the trading week
[14:40] {dino} celg rinsed
[14:41] {dptl} lol
01[14:42] {@Threei}  friday is sure to be useless
[14:42] {dptl} in a escort section of news paper an ad says: let me jingle your bells....lol
01[14:42] {@Threei}  about tomorrow, don't know... maybe first couple hours make sense
[14:42] {nemo} half day tomorrow?
01[14:42] {@Threei}  as people will try to reshuffle their positions ahead of 4 days away
01[14:42] {@Threei}  yes
01[14:43] {@Threei}  nemo, this was for you and I promised Ron you'll see it:
01[14:43] {@Threei}  [14:14] {RonS} taro dealt bad cards
[14:43] {nemo} woof
[14:45] {dptl} you still in Dino? abbv
[14:48] {dino} wtf celg
[14:48] {dino} yes abbv
[14:52] {dptl} ocn...looking for a short set up
[14:53] {RonS} 48 hours ago?
[14:53] {dptl} lol..ye
[14:57] {dino} adding celg calls
[14:59] {dino} not sure on ocn, asps, aamc. they were seriously crushed yesterday
[14:59] {dptl} i am just looking...
[15:01] {dino} dp, not advising, just thinking out loud, do what you want, this is not my type of trading week
[15:05] {dptl} yeah... its a very slow week....
01[15:10] {@Threei}  not really surprising
[15:12] {nemo} 'mmmmhhhh XOP might be shaping up short, but slow market
[15:21] {JoebiWan} gld
01[15:22] {@Threei}  somg
[15:22] {JoebiWan} lol
01[15:22] {@Threei}  oh sorry... I thought we were playing associations
[15:22] {dptl} lol
[15:23] {dptl} bastards
[15:30] {dptl} ok, well...i'll see you tomorrow all...gn
01[15:31] {@Threei}  take care dp
[15:34] {dino} cya dp
01[15:49] {@Threei}  OK guys, thank you all
01[15:50] {@Threei}  have a good evening, see you tomorrow
[15:50] {dino} out asps from morning, .79, +.64
[15:51] {JoebiWan} gj
[15:51] {JoebiWan} bye all
[15:51] {dino} ty