Apr 09 2015

Solid day, not as spectacular as yesterday but still very worth waking up for. MCD was unlikely hero of the day, giving us a few nice winning trades in both direction.

Before you move to the trading log, this bit of news about A Taoist Trader: it is available now for Kindle and other readers and devices. You will find it at

http://www.realitytrader.com/ttebook.html

That completes publishing this book in all popular formats. First Amazon reviews  and readers' feedback started trickling down, and they are very positive. Hope you find the book useful and enjoyable as well!

Session Time: Thu Apr 09 00:00:00 2015
01[09:05] {@Threei}  drew, see pm
[09:20] {dino} gm
01[09:21] {@Threei}  dino :)
01[09:24] {@Threei}  - Greece confirms installment payment of €450M IMF Loan
01[09:24] {@Threei}  - USD continued to build on gains after Fed minutes perceived as somewhat hawkish with several members expressed support for rate liftoff in June.
[09:26] {jfjf64} Mornin all
01[09:27] {@Threei}  jf :)
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -NVGN +42% (positive data showing Anisina as potential new weapon against melanoma)
01[09:27] {@Threei}  -FRED +17% (March SSS)
01[09:27] {@Threei}  -EXEL +14% (FDA gave fast track designation for Cabozantinib)
01[09:27] {@Threei}  -SHI +13% (guided Q1 Net profit higher)
01[09:27] {@Threei}  -INO +8.5% (HPY immunotherapy activates robust in vivo T Cell Responses in Head & Neck cancer patients)
01[09:27] {@Threei}  -APOG +7.4% (earnings)
01[09:27] {@Threei}  -BIOS +7% (no news seen beyond being initiated Buy by a broker premarket)
01[09:27] {@Threei}  -DGLY +6% (momentum from SC shooting & subsequent comments from Mayor insisting police will be provided body cameras)
01[09:27] {@Threei}  -INFN +5.5% (made offer for TRMO.SE)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -ALTR -12% (INTC dropped takeover offer)
01[09:27] {@Threei}  -ZNGA -11% (CEO Mattrick departing; Pincus returning as CEO)
01[09:27] {@Threei}  -MEMP -5.3% (offering & price increase of 4.5M share offering)
01[09:27] {@Threei}  -BBRY -3.3% (earnings)
01[09:27] {@Threei}  -RDS.B -3% (negative broker commentary)
01[09:27] {@Threei}  -GPT -2.3% (offering price increased to $27.75/shr)
01[09:27] {@Threei}  -AA -2.5% (earnings)
01[09:27] {@Threei}  -INTC -2.5% (dropped offer for ALTR)
01[09:31] {@Threei} Long Setup:  FB  .70 break
01[09:31] {@Threei}  If holds  .60
01[09:32] {@Threei}  change to .60 break
01[09:32] {@Threei}  If holds  .50
01[09:33] {@Threei}  valid
[09:33] {jfjf64} Us
[09:34] {jfjf64} Ua
[09:34] {jfjf64} Bought 83.17
01[09:35] {@Threei}  Invalidated
01[09:36] {@Threei}  watching DAL for pullback entry
01[09:37] {@Threei} Long Setup:  DAL  .70 break
01[09:37] {@Threei}  If holds  .60
01[09:38] {@Threei}  change to .50 break
01[09:38] {@Threei}  If holds  .40
01[09:41] {@Threei}  no go
01[09:42] {@Threei}  closing gap
01[09:42] {@Threei}  should be close to reversal
01[09:42] {@Threei} Long Setup:  DAL  .40 break
01[09:42] {@Threei}  If holds  .30
01[09:44] {@Threei}  Invalidated
01[09:45] {@Threei} Long Setup:  IWM  .50 break
01[09:45] {@Threei}  If holds  .40
[09:47] {dino} ca hl l .00
[09:49] {dino} stop is lod brk
01[09:49] {@Threei}  Invalidated
01[09:50] {@Threei} Long Setup:  TWTR  .40 break
01[09:50] {@Threei}  If holds  .30
01[09:51] {@Threei}  change to .30 break
[09:51] {dino} ca stopped
01[09:51] {@Threei}  If holds  .20
01[09:51] {@Threei}  1:1
01[09:53] {@Threei}  1:2
[09:59] {dino} gj
01[10:00] {@Threei}  (US) FEB WHOLESALE INVENTORIES M/M: 0.3% V 0.2%E; WHOLESALE TRADE SALES M/M: -0.2% V 0.3%E -
01[10:00] {@Threei}  ty
01[10:00] {@Threei}  kind of hectic morning, not many plays shaped up
[10:02] {dino} same here
[10:02] {dino} not seeing anythin
[10:02] {dino} g
01[10:03] {@Threei} Long Setup:  DAL  43 break
01[10:04] {@Threei}  If holds  .90
01[10:04] {@Threei}  let's see it it's a double bottom
01[10:05] {@Threei}  change to .90 break
[10:06] {dino} whippy
01[10:06] {@Threei}  interesting drops SPY
01[10:07] {@Threei} Short Setup: TWTR  .40 break
01[10:07] {@Threei}  If holds  .50
01[10:07] {@Threei}  DAL stop to .84
01[10:08] {@Threei}  1:1  DAL
01[10:08] {@Threei}  TWTR stop to .46
01[10:09] {@Threei}  want to play it all safe
01[10:10] {@Threei}  1:1  TWTR
01[10:10] {@Threei}  1:2
01[10:10] {@Threei}  1:3
01[10:10] {@Threei}  out
01[10:10] {@Threei}  DAL stop is ,89 of course
01[10:11] {@Threei}  OK, things look nicer and nicer
01[10:11] {@Threei}  morning starts looking like worth waking up for
01[10:11] {@Threei}  that was perfect rug pull from under TWTR
[10:14] {dino} gut says, if not down soon, up we go
01[10:14] {@Threei}  mine says the same
01[10:14] {@Threei}  did they drink together or what
[10:15] {jfjf64} Dal holdin
[10:15] {jfjf64} .10
01[10:16] {@Threei}  so far so good
[10:16] {jfjf64} Will go
01[10:16] {@Threei}  if market finds balls and recovers, DAL has abother 30 cents in it easily
01[10:16] {@Threei}  maybe more
[10:17] {dino} jf, you seeing anything?
[10:18] {jfjf64} To glued to dal
[10:19] {jfjf64} Go dal
01[10:19] {@Threei}  DAL: I don't go. I fly
01[10:25] {@Threei}  or crawl
[10:26] {jfjf64} Myl Dino
01[10:26] {@Threei} Long Setup:  TWTR  .25 break
01[10:26] {@Threei}  too fast...
01[10:27] {@Threei}  ok valid again
01[10:27] {@Threei}  If holds  .15
01[10:28] {@Threei}  closed DAL
01[10:29] {@Threei}  1:1
[10:35] {dino} lower high maybe
[10:35] {jfjf64} Msm Dino
[10:36] {dino} myl hl s .72
01[10:36] {@Threei} Long Setup:  MCD  .65 break
01[10:36] {@Threei}  If holds  .55
01[10:36] {@Threei}  Invalidated
[10:37] {dino} msm sm l .02
[10:37] {jfjf64} 65 here
[10:38] {jfjf64} 69.00
[10:38] {jfjf64} Wish .65
[10:42] {dino} msm stop .68 -.34
01[10:43] {@Threei} Long Setup:  VXX  24 break
01[10:43] {@Threei}  If holds  .90
[10:43] {dino} cov myl .42, +.30
01[10:45] {@Threei}  let's see some panic since we couldn't find legs for a rally
[10:46] {jfjf64} Yes sir
[10:46] {dino} sdow l .45
01[10:47] {@Threei}  1:1
[10:48] {jfjf64} Die
[10:49] {jfjf64} 200 holdin us
[10:50] {jfjf64} Die bastards
[11:01] {jfjf64} Grub
01[11:11] {@Threei} Short Setup: MCD  .50 break
01[11:11] {@Threei}  If holds  .60
01[11:19] {@Threei}  die, you server of bad burgers
[11:19] {dino} lol
01[11:20] {@Threei}  1:1
01[11:21] {@Threei}  1:2
[11:23] {cosmo} I once heard that one of those burgers placed properly inside your catcher’s mitt will take the sting out of any fastball.
[11:24] {jfjf64} One more dive
01[11:25] {@Threei}  but imagine the stings from all the wasps it attracts
[11:26] {cosmo} nope...wasps know better
01[11:26] {@Threei}  lol
01[11:26] {@Threei}  good point actually
01[11:26] {@Threei}  1:3
01[11:27] {@Threei}  ok, alternative scenario: wasps are attracted by the scent, but when they actually try it they are disappointedm angry and take it out on you
[11:28] {cosmo} hold the fries and that wont be a problem
[11:28] {jfjf64} Ty mcd
01[11:29] {@Threei}  :)
[11:34] {dino} sdow3 stop flat
[11:39] {dino} rti l .29
[11:51] {jfjf64} Fb 10 break ?
01[11:58] {@Threei}  I like
01[11:58] {@Threei}  (when I am awake)
[12:05] {dino} out rti ave .56, +.27. puts me back in black today
01[12:06] {@Threei}  wtg
[12:06] {dino} opps, +.26
01[12:06] {@Threei}  1:1  FB
01[12:06] {@Threei}  oh, that changes everything
[12:06] {dino} by $10
[12:08] {dino} taking 90 minute break, have to move $$ around for foreclosure bid/proof of funds
01[12:18] {@Threei}  Decent German economic data and Greece making its much-anticipated IMF debt payment earlier today helped European indices gain more than 1.0% a piece in today's session, while Japan and Hong Kong indices closed at multi-year highs.
01[12:19] {@Threei}  Crude prices saw a brief move higher during the European session as Iran Supreme Leader Khamenei responded to the terms of the nuclear deal with the P5+1 powers for the first time. Khamenei neither endorsed nor condemned the deal as structured, however he reiterated his stance that sanctions must be lifted all at once on the same day the deal is signed, clashing with western demands that sanctions are only withdrawn after compliance verification.
01[12:19] {@Threei}  Iran President Rouhani endorsed Khamenei's position. WTI is back around $50.70 and Brent is around $56.80 as of writing.
01[12:30] {@Threei}  1:2
01[12:46] {@Threei}  forgot to post... FB touched 1:3
[12:48] {jfjf64} Don't worry bout it pal
01[12:49] {@Threei}  ty, I won't
01[12:50] {@Threei}  I was too distracted by the vision of dino shuffling money around
01[12:50] {@Threei}  taking piles from left drwaer, moving it to the right one
[12:50] {jfjf64} Lol
01[12:51] {@Threei}  also, in my mind he was a female, blond, and did it in slo mo, while rain was falling dpwn on him (her) and money
01[12:52] {@Threei}  now you can see why I was distracted
[13:07] {jfjf64} Tlt bounce here
[13:36] {jfjf64} Forgot to post tlt 1:3 and moving
01[13:37] {@Threei}  wtg
[13:37] {jfjf64} Lol
[13:37] {jfjf64} Didn't play it
[13:37] {dino} .
[13:38] {dino} bita all over the tape today
[13:39] {jfjf64} Fb bounce here
[13:42] {jfjf64} I'm in 86
[13:44] {jfjf64} Altr ton call buying
[13:45] {jfjf64} 1:1
[13:46] {jfjf64} Ua like for run up
[13:57] {dino} myl hl s .75
01[14:02] {@Threei} Short Setup: FB  .80 break
01[14:09] {@Threei}  ok FB
01[14:10] {@Threei}  let's roll over and die
[14:12] {jfjf64} Wants low
01[14:13] {@Threei}  and we are in full agreement... we want the same
[14:20] {dino} myl stop -.26
[14:23] {dino} rinsed
01[14:36] {@Threei}  no go
[15:03] {dino} wba spike
[15:03] {dino} sm s .77
[15:04] {dino} stopped -.45
[15:05] {dino} reload s .25
01[15:05] {@Threei} Long Setup:  MCD  .35 break
01[15:05] {@Threei}  .c .25
01[15:05] {@Threei}  If holds  .25
01[15:12] {@Threei}  1:1
01[15:13] {@Threei}  1:2
01[15:13] {@Threei}  good girl
01[15:13] {@Threei}  even though burgers are horrible
01[15:13] {@Threei}  jf be crying
[15:13] {dino} gj
[15:13] {drewj} I like the burgers
01[15:13] {@Threei}  ty
01[15:18] {@Threei}  we won't hold it against you, drew... after all, nobody's perfect
[15:18] {drewj} Thanks
[15:18] {dino} hate to say it, but i like the quarter pounder w/cheese
[15:19] {drewj} Exactly...
01[15:19] {@Threei}  as we found out todaym dino is female blond who likes to move money from one drwaer to another in a wet t-shirt
[15:19] {dino} wba cover .40, +.85
01[15:19] {@Threei}  after this, it's difficult to hold anything against anyone
01[15:19] {@Threei}  wtg
[15:20] {dino} if i was a female blonde in wet t-shirt, everybody here would want to hold against me.
01[15:21] {@Threei}  hmmm... I guess
01[15:21] {@Threei}  piles of money in the drawers would hurt either
01[15:35] {@Threei} Long Setup:  VXX  .40 break
01[15:36] {@Threei}  If holds  .30
01[15:44] {@Threei}  Invalidated
01[15:44] {@Threei}  and no time left for more
01[15:44] {@Threei}  decent day
01[15:44] {@Threei}  thank you all, have a good evening
01[15:44] {@Threei}  see you tomorrow
[15:53] {dino} gn all

Apr 08 2015

Another very nice day, with strong trades. We have nicely adjusted to this market, quite steady gains day after day

Session Time: Wed Apr 08 00:00:00 2015
[09:01] {dino} gm
01[09:01] {@Threei}  dino :)
[09:11] {dino} wow cbmg -17 pts in two days
01[09:12] {@Threei}  [CBMG] Announces Closing of $19.6M Private Placement Offering Announced the closing of a private placement transaction under which it sold an aggregate of 515,789 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), to selected private investors (the "Investors") at $38.00 per share, for total gross proceeds of approximately $19.6 Million.
[09:19] {dino} wow at 38, its now 21
01[09:20] {@Threei}  those "selected private investors" must be not very happy eh?
[09:21] {dino} bohica'd
[09:25] {dino} cbmg fraud charges
[09:25] {dino} by class action atty
01[09:29] {@Threei}  Upside:
01[09:29] {@Threei}  -YZC +22% (updated Shanghai CIFCO capital contribution)
01[09:29] {@Threei}  -EYES +19% (announced first successful implant of model of Orion I Visual Cortical Prosthesis)
01[09:29] {@Threei}  -ZEP +18% (being acquired by New Mountain Capital for $20.05/shr)
01[09:29] {@Threei}  -INO +5.5% (selected by DARPA to lead a $45M program to expedite development of novel products)
01[09:29] {@Threei}  -RGLS +5% (RG-125 selected by AZN for treatment of NASH in Type 2 Diabetes)
01[09:29] {@Threei}  -SIMO +4.5% (slightly improved Q1 guidance)
01[09:29] {@Threei}  -BP +3.4% (momentum from RDS.A/BG.UK deal)
01[09:29] {@Threei}  -HLT +3.3% (block shares lots trade at $29.65/shr)
01[09:29] {@Threei}  -TSLA +3% (reportedly planning upgrade to Model S)
01[09:29] {@Threei}  -LULU +2.4% (positive broker commentary)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -LBIO -7% (data from clinical study of HPV-TIL treated patients published in Journal)
01[09:29] {@Threei}  -LGF -6.6% (priced 10M shares at $32/shr)
01[09:29] {@Threei}  -CPTA -6% (priced 3.5M share offering at $18.32)
01[09:29] {@Threei}  -PNR -4.5% (guided Q1 lower; negative broker commentary)
01[09:29] {@Threei}  -RDS.A -2.2% (offer to acquire BG.UK)
01[09:30] {@Threei} Long Setup:  FB  .60 break
01[09:31] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  1:3
01[09:32] {@Threei}  out
01[09:33] {@Threei} Long Setup:  HLF  .20 break hl
[09:33] {dino} gj
01[09:33] {@Threei}  ty
01[09:34] {@Threei}  If holds  .05
01[09:36] {@Threei}  jf will be sorry he slept in
01[09:36] {@Threei}  1:1
[09:36] {jfjf64} Here
[09:36] {jfjf64} What ya in
01[09:36] {@Threei}  1:3 on FB and in HLF
[09:43] {dino} flml hl l .05
01[09:45] {@Threei} Long Setup:  HLF  .55 break hl
01[09:45] {@Threei}  If holds  .45
01[09:45] {@Threei}  Invalidated
[09:46] {dino} gpn spike
01[09:49] {@Threei}  HLF got away
[09:50] {jfjf64} Armh
[09:52] {dino} \flml stop .72 -.33
01[09:52] {@Threei} Short Setup: MCD  97 break
01[09:54] {@Threei}  If holds  .10
[09:54] {dino} flml hl l .50
01[09:55] {@Threei}  no go
01[10:00] {@Threei} Long Setup:  IWM  .20 break
01[10:01] {@Threei}  If holds  .10
01[10:07] {@Threei} Long Setup:  IWM  .10 break
01[10:08] {@Threei}  If holds  125
01[10:08] {@Threei}  1:1
[10:12] {jfjf64} Little more action today
[10:12] {jfjf64} Vol must be up
[10:17] {jfjf64} Ooh
[10:17] {jfjf64} Oih
[10:22] {dino} ohh
01[10:29] {@Threei}  IWM again
01[10:29] {@Threei}  same setup
01[10:31] {@Threei}  Invalidated
[10:32] {jfjf64} USO big push
01[10:41] {@Threei}  wow
01[10:42] {@Threei}  what killed the market
01[10:42] {@Threei}  USO, big inventory build-up, that's a given
01[10:43] {@Threei} Long Setup:  P  .85 break
01[10:43] {@Threei}  If holds  .75
01[10:49] {@Threei}  1:1
01[10:56] {@Threei}  1:2
[10:58] {jfjf64} Nice vol
01[11:09] {@Threei}  1:3
01[11:09] {@Threei}  out
[11:10] {dino} gj
[11:11] {dino} reload flml .50 long
01[11:12] {@Threei}  ty
[11:17] {jfjf64} Ty
01[11:17] {@Threei}  :)
[11:18] {jfjf64} Grinding it out sir
01[11:18] {@Threei}  pretty good so far
01[11:19] {@Threei}  finished yesterday with 1:3er, after you left... :)
[11:19] {jfjf64} I saw mcd
[11:19] {jfjf64} Mkt help
[11:19] {jfjf64} Lol
01[11:19] {@Threei}  yup... nice and smooth
[11:20] {jfjf64} Keep doing whatever you do
01[11:21] {@Threei}  drinking and chasing skirts?? gladly
[11:21] {jfjf64} Man after my own heart
[11:24] {dino} jf, add my +.20 on sdow fl, right after you left. your drinking habit is costing you $$$
[11:25] {jfjf64} Lol
[11:27] {jfjf64} Wow CNN they show video of cop shooting
[11:36] {jfjf64} Like twtr here if spy helps
[11:44] {jfjf64} 1:1
01[11:45] {@Threei}  wtg
[11:47] {jfjf64} 1:2
[11:49] {jfjf64} Wants .90
[11:52] {dino} gj
[11:53] {jfjf64} Out
[11:57] {dino} out flml .75, +.25
[12:01] {jfjf64} Twtr
[12:01] {jfjf64} 1:5
[12:01] {jfjf64} M fer
[12:02] {jfjf64} Nice Dino
[12:02] {dino} ty
[12:02] {dino} kind of strange, its just a sr vp that left company
[12:04] {jfjf64} Fed meeting 2 pm ??
[12:07] {jfjf64} Within yy
[12:08] {jfjf64} Not no more
[12:11] {jfjf64} Vxx
[12:11] {jfjf64} Vg
[12:11] {jfjf64} ?
01[12:11] {@Threei}  not sure
[12:15] {jfjf64} Myl
[12:16] {jfjf64} .70
[12:16] {jfjf64} Invalid
[12:16] {jfjf64} Machine
[12:22] {dino} you know, a year or two back, the bidder/acquirer stock usually went down. this is nuts. myl
01[12:26] {@Threei}  there are always some details we the people don't know
[12:26] {dino} flml l .49
[12:30] {jfjf64} USO gettin hit
[12:33] {jfjf64} Fb .20 break
[12:35] {jfjf64} 5 cent loss
[12:37] {jfjf64} 2 dollar move to down Myles
[12:37] {jfjf64} Myl
[12:38] {jfjf64} Going to make sandwich
01[12:39] {@Threei}  I'll have one too pls
[12:40] {jfjf64} No prob
[12:41] {jfjf64} Turkeer on toast with mayo and garlic pickle sliced on it
[12:42] {jfjf64} 67 was bounce on myl
[12:42] {jfjf64} Oh we'll
[13:07] {dino} tight range day
01[13:30] {@Threei} Long Setup:  VXX  .20 break
01[13:30] {@Threei}  If holds  .15
[13:30] {dino} out flml .80, +.31
[13:31] {dino} slow day but pretty profittable
01[13:31] {@Threei}  same here, day after day
[13:31] {jfjf64} Yes
[13:32] {jfjf64} 2pm fed meeting?
[13:32] {dino} 12 days up in row, if i counting closed options trades
[13:32] {jfjf64} That's great 2 days here
[13:33] {jfjf64} Today 3
01[13:34] {@Threei}  it's not a meeting jf
01[13:34] {@Threei}  minutes from last one
01[13:34] {@Threei}  The minutes from March 17-18 FOMC meeting out later today will be scrutinized for more hints about the Fed's thinking on rate hikes.
[13:35] {jfjf64} Fb got look
[13:35] {dino} average over 12 days is 27% lower than desired daily goal though. slow afternoons limiting me
[13:36] {jfjf64} Valid vxx
01[13:38] {@Threei}  yesa
[13:39] {jfjf64} Yeas
01[13:46] {@Threei}  nah
01[13:53] {@Threei} Long Setup:  FB  .20 break
01[13:53] {@Threei}  If holds  .10
01[14:00] {@Threei}  ugh
01[14:01] {@Threei}  *(US) FED MINUTES FROM MARCH 17-18 FOMC MEETING: SEVERAL MEMBERS FEEL FIRST RATE RISE IN JUNE; EXPECT GRADUAL PACE OF NORMALIZATION WHEN RATES RISE
01[14:09] {@Threei} Long Setup:  VXX  .25 break
01[14:09] {@Threei}  panic comes it seems
01[14:09] {@Threei}  1:1
[14:13] {dino} panic, lol
01[14:14] {@Threei}  it was
01[14:14] {@Threei}  then it changed
01[14:14] {@Threei}  65 cents SPY drop in minutes
[14:14] {dino} forgot to buy vxx minutes before announcement
01[14:16] {@Threei} Long Setup:  VXX  .15 break
01[14:16] {@Threei}  If holds  .10
01[14:17] {@Threei}  Invalidated
[14:17] {jfjf64} Cult pop
[14:18] {jfjf64} Cvlt
[14:20] {dino} cvlt hl s .11 ave
[14:22] {dino} cov cvlt .71, +.40
[14:22] {jfjf64} Nice
[14:22] {dino} ty jf for idea
01[14:22] {@Threei}  wtg
[14:22] {dino} damn, too soon
[14:24] {jfjf64} Myl
[14:25] {dino} beast
[14:29] {dino} dwti spike
01[14:38] {@Threei} Long Setup:  FB  .20 break
01[14:38] {@Threei}  If holds  .19
01[14:38] {@Threei}  grrr... ,25 that was
01[14:39] {@Threei}  or it would have been the tightest stop in hostory, lol
01[14:39] {@Threei}  i
01[14:40] {@Threei}  nah
[14:50] {dino} flml l .50
01[14:56] {@Threei} Long Setup:  FB  .10 break
[15:00] {dino} bkd spike
[15:01] {dino} sm s .53
01[15:02] {@Threei}  1:1
[15:03] {dino} cov bkd 90, +.63
01[15:03] {@Threei}  wtg
[15:03] {dino} ty
[15:03] {dino} too soon
[15:03] {dino} sm s .52
[15:07] {dino} hmmm cov bkd .23, +.29
[15:09] {dino} chickening out, covering too soon
01[15:18] {@Threei}  can't blame you
[15:20] {dino} actually you can, i pulled the trigger on it
01[15:21] {@Threei}  ok... I can but I won't
01[15:21] {@Threei} Long Setup:  FB  .10 break
[15:22] {dino} better, lol
01[15:22] {@Threei}  :)
01[15:26] {@Threei}  valid
[15:36] {jfjf64} Lets go fb
01[15:37] {@Threei}  half out
01[15:37] {@Threei}  time starts pressing
[15:40] {jfjf64} Good night guys
[15:40] {jfjf64} Positive day
01[15:40] {@Threei}  take care jf
01[15:42] {@Threei}  1/4 more out
[15:45] {dino} gj jf
01[15:46] {@Threei}  1:2
01[15:46] {@Threei}  out in full
[15:46] {dino} out flml .66, +.16
01[15:46] {@Threei}  nicely adjusted to this market
01[15:46] {@Threei}  very steady trading
01[15:46] {@Threei}  thank you, have a good evening
[15:46] {dino} gj 3i
01[15:46] {@Threei}  see you tomorrow :)
[15:48] {dino} gn all, thx for ideas

Apr 07 2015

Very nice day with a lot of strong trades, 1:3 and 1:4s, ending with 1:3er(short on MCD) that cemented it as a very strong trading session.

Session Time: Tue Apr 07 00:00:01 2015
[09:00] {dino} gm
01[09:00] {@Threei}  dino :)
01[09:18] {@Threei}  Reuters: Russian atomic submarine catches fire in shipyard
01[09:18] {@Threei}  one less...
[09:20] {dino} indeed
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -ONVO +13% (entered R&D agreement with L'Oreal)
01[09:25] {@Threei}  -ASPS +12% (possible momentum from HLSS deal)
01[09:25] {@Threei}  -BLDP +11% (Chinese partner CSR Qingdao demonstrated world's first hydrogen fuel cell tram)
01[09:25] {@Threei}  -CLVS +9% (received breakthrough therapy designation for Rucaparib in monotherapy treatment of advanced ovarian cancer)
01[09:25] {@Threei}  -OCN +9% (possible momentum from HLSS deal)
01[09:25] {@Threei}  -IGT +7% (GTECH SpA completed acquisition of the US-based IGT)
01[09:25] {@Threei}  -GBX +7% (earnings)
01[09:25] {@Threei}  -AXTA +5% (disclosed BRK.A acquired 20M shares from CG at $28/shr)
01[09:25] {@Threei}  -ARNA +5% (received additional US patent for BELVIQ)
01[09:25] {@Threei}  -INFA +5% (confirms acquisition at $48.75/shr)
01[09:25] {@Threei}  -FDX +4% (confirmed merger with TNT Express for €8.00/share)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -OCUL -32% (reported topline data in 2nd Phase 3 trial evaluating OTX-DP met pain endpoint but not primary efficacy for inflammatory cells)
01[09:25] {@Threei}  -AG -4% (momentum from stake taken in First Mining)
01[09:25] {@Threei}  -HLSS -3.8% (acquisition agreement with New Residential for $1.2B)
01[09:25] {@Threei}  -GM -1.8% (Financial arm selling 3 & 7 year debt; company also recalled roof panels on some 92K vehicles but had no reported
[09:26] {jfjf64} Mornin men
01[09:26] {@Threei}  jf :)
01[09:26] {@Threei}  crashes or injuries associated with recall)
01[09:31] {@Threei} Long Setup:  FB  .60 break
01[09:31] {@Threei}  If holds  .50
01[09:31] {@Threei}  1:1
01[09:34] {@Threei} Long Setup:  TWTR  .40 break
01[09:34] {@Threei}  Invalidated
01[09:36] {@Threei} Long Setup:  VXX  .25 break
01[09:36] {@Threei}  If holds  .20
[09:38] {jfjf64} Wow fb
01[09:39] {@Threei}  half out VXX
01[09:39] {@Threei}  stop .24
[09:45] {jfjf64} .20 s fb
01[09:45] {@Threei} Short Setup: FB  .20 break
01[09:45] {@Threei}  If holds  .30
[09:45] {jfjf64} Lol
[09:47] {jfjf64} Valid here
01[09:48] {@Threei}  1:1
[09:48] {jfjf64} Half out
[09:53] {jfjf64} 82.80 want
[09:54] {jfjf64} Holdin with spike
[09:55] {jfjf64} 1:2
01[09:55] {@Threei}  1:2
[09:55] {jfjf64} Ya sleepin
01[09:55] {@Threei}  anything's wrong with that?
01[09:55] {@Threei}  1:3
[09:57] {jfjf64} Where stop
[09:58] {jfjf64} .10
[09:58] {jfjf64} ?
01[09:58] {@Threei}  .01 for me
[09:58] {jfjf64} Out here
[09:59] {jfjf64} 1:4
[09:59] {jfjf64} Nice
01[09:59] {@Threei}  out too
[10:02] {jfjf64} I give ya Ty for confirming my play
[10:02] {jfjf64} Ty
[10:02] {jfjf64} Lol
01[10:02] {@Threei}  (US) APR IBD/TIPP ECONOMIC OPTIMISM: 51.3 V 49.0E
[10:03] {jfjf64} Dino ya quit today
[10:08] {jfjf64} Aapl .30 break
[10:11] {dino} jf, no, computer hard drive issue on my options trading system. just had tech guy here, think its fixed
[10:12] {jfjf64} Good
[10:15] {dino} asps rocking again
[10:16] {jfjf64} Dal vg
01[10:17] {@Threei}  watching MCD for entry on pullback under .20
[10:18] {dino} well, its official, my son committed to nc state yesterday, engineering, nuclear intent.
01[10:18] {@Threei}  wow
[10:19] {jfjf64} Congrats
01[10:19] {@Threei}  nice
01[10:19] {@Threei}  congratulations
[10:19] {jfjf64} Proud poppa
01[10:19] {@Threei}  that was fast, MCD
[10:19] {jfjf64} Very fast
[10:20] {dino} yeah, proud of him, just named scholar of the year in northeat pa. plus lettered in golf and basketball
01[10:20] {@Threei}  wow
[10:20] {jfjf64} Amazing
[10:21] {jfjf64} Keep playin ya options
[10:21] {jfjf64} Lol
[10:21] {dino} yeah, this is going to cost me $35k/year
[10:21] {jfjf64} Twtr short here
01[10:22] {@Threei} Long Setup:  DAL  .10 break
[10:23] {cosmo} Wolfpack?
[10:23] {jfjf64} Yep
[10:25] {cosmo} beat Duke next time with that new talent
[10:26] {dino} wolfpack yes.
[10:26] {dino} not playing ball there tho, concentrating on studies
[10:26] {cosmo} yea...so would i...
[10:30] {jfjf64} Spy spike
[10:31] {jfjf64} Dal lets go
[10:31] {jfjf64} Out flat
[10:36] {dino} imkta drop
[10:36] {dino} pulp chart
01[10:42] {@Threei}  half out MCD
01[10:42] {@Threei}  stop .09
01[10:42] {@Threei}  mmm... DAL that was
01[10:43] {@Threei} Long Setup:  MCD  .25 break
01[10:43] {@Threei}  If holds  .15
[10:44] {jfjf64} Vg has Big Mac on mind
01[10:44] {@Threei}  lol
[10:47] {dino} vxx 52 week low
[10:47] {jfjf64} Rcl bottom feeder
[10:48] {jfjf64} Building position
[10:48] {jfjf64} Look ccl today
[11:04] {dino} safm sm l .03 ave
[11:11] {jfjf64} Aal vg?
01[11:11] {@Threei}  1:1  MCD
01[11:11] {@Threei}  AAK, 48 break
01[11:11] {@Threei}  AAL
01[11:28] {@Threei}  1:2  MCD
[11:37] {dino} out safm ave .33, +.30
01[11:37] {@Threei}  1:1
[11:37] {jfjf64} Nice
01[11:37] {@Threei}  out in full
[11:38] {jfjf64} Ty Big Mac
[11:38] {dino} ty
[11:45] {jfjf64} .90 break twtr
[11:50] {jfjf64} Now die
[12:25] {jfjf64} Fb 83 break
[12:29] {jfjf64} 1:1
[12:29] {jfjf64} Finally
01[12:29] {@Threei}  gj
[12:34] {dino} gj
[12:34] {jfjf64} Ty  Ty
01[12:39] {@Threei}  RMBS Seeing call activity2K Aug 15 calls trade at $0.35
01[12:40] {@Threei}  [TWTR] AlphaOne capital's Dan Niles on CNBC confirms has bought the stock for the first time (after being previously bearish) Follow up: notes on CNBC the Google relationship announced in Feb will drive users to platform when it starts to go into effect- bought the shares in early March
[12:40] {jfjf64} I hate twtr
01[12:40] {@Threei}  Dan Niles used to elso...
01[12:41] {@Threei}  and now, see
[12:41] {jfjf64} Yup
[12:50] {jfjf64} .51 axta
[12:57] {dino} prtk drop
[12:57] {dino} cbmg drop
[13:01] {jfjf64} 1:1
[13:06] {jfjf64} 1:2
[13:09] {jfjf64} Out
[13:10] {jfjf64} Lunch time
[13:11] {jfjf64} Good mornin session
[13:30] {jfjf64} Anything
01[13:30] {@Threei}  looking...
[13:31] {jfjf64} USO ooh
[13:31] {jfjf64} Oih
[13:32] {jfjf64} Long trap
[13:32] {jfjf64} Thinking
01[13:32] {@Threei}  want to short .90 break?
[13:33] {jfjf64} Thinking
[13:33] {jfjf64} Oih going
[13:35] {jfjf64} .90 break
[13:37] {jfjf64} Tight stop
[13:40] {jfjf64} 1:1
[13:42] {jfjf64} .84wall
[13:43] {jfjf64} 11kordersellside
[13:45] {jfjf64} Oih loosin it faster
[13:49] {jfjf64} 1:2
01[13:49] {@Threei}  good one
01[13:49] {@Threei}  where is my TY for confirming?
[13:50] {jfjf64} Ty for confirming
[13:51] {jfjf64} .85 stop
01[13:51] {@Threei}  yw
[13:52] {jfjf64} We not done here
01[13:52] {@Threei}  no
[13:52] {jfjf64} Oih breaks support
01[13:52] {@Threei}  and what a pleasure it is to short oil
[13:53] {jfjf64} Wonderful
[13:53] {jfjf64} I'm gonna sit back kick fey up on desk
[13:56] {jfjf64} 1:3
[13:57] {jfjf64} Vol spike
[13:59] {jfjf64} Out
[14:01] {dino} gj
[14:02] {jfjf64} Ty
[14:02] {jfjf64} Was watching Hal for scalp
[14:03] {jfjf64} Pullbk
[14:04] {jfjf64} Naa missed
[14:04] {jfjf64} Shit
[14:12] {jfjf64} Tna Iwm time
[14:12] {jfjf64} ?
01[14:12] {@Threei}  on pullback
01[14:12] {@Threei}  this is not a time for straight up move yet, IMO
01[14:17] {@Threei}  IWM from under .10
01[14:21] {@Threei} Long Setup:  IWM  .10 break
01[14:21] {@Threei}  If holds  125
[14:28] {jfjf64} 1:1 nicely done
01[14:29] {@Threei}  :)
01[14:29] {@Threei}  love pulback etnries
[14:30] {jfjf64} More then bacon?
[14:35] {mib_5q82km} yum
[14:37] {mib_5q82km} anyone else trade TSX?
[14:40] {jfjf64} Lulu s .10
[14:51] {jfjf64} Done for day gotta run
[14:51] {jfjf64} See tomorrow
[14:54] {dino} gj jf
01[14:55] {@Threei}  take care jf
[14:59] {dino} dm spike
01[15:03] {@Threei}  (US) FEB CONSUMER CREDIT: $15.5B V $12.3BE
01[15:03] {@Threei} Short Setup: MCD  .60 break
01[15:03] {@Threei}  If holds  .70
[15:17] {dino} sdow l .15
01[15:31] {@Threei}  1:1
01[15:40] {@Threei}  1:2
01[15:40] {@Threei}  1:3
01[15:40] {@Threei}  out
01[15:40] {@Threei}  beuatiful day
01[15:40] {@Threei}  done
01[15:41] {@Threei}  thank you, have a great evening
01[15:41] {@Threei}  see you tomorrow
[15:42] {dino} out sdow ,35, +.20
[15:42] {cosmo} rats jumping ship
[15:43] {cosmo} not you dino
01[15:43] {@Threei}  me then?
[15:43] {dino} few more minutes
[15:43] {cosmo} mkt
[15:43] {dino} just dropped 100 pts in about half hour

Apr 06 2015

Low volume narrow day, positive thanks to a few larger wins in the morning.

Let me entertain you with this quote from A Taoist Trader:

The best of men is like water;
Water benefits all things
And does not compete with them.

Just as smooth flow facilitates water’s health and clarity, steady and smooth trading is the best way to manage risk and guarantee steady profits. Wild swings of one’s trading account signify an abnormal amount of risk being taken. Such trading ruins a trader’s emotional and mental balance and leads to severe drawdowns. They are emotionally draining and psychologically damaging; they are also potentially ruinous for the trading account itself as the size of the drawdown can become unsustainable very quickly. A Taoist Trader guards against too much turbulence in his trading and moderates his risk taking in an attempt to prevent severe setbacks.

A trader should apply the same principle to his reading of market movements. It helps him understand whether a movement is in its sustainable stage or is coming to its end, thus enabling him to decide whether to hold his position or start looking for an exit. Smooth steady price movement with stable volume is likely to be sustainable and continue for a while. Parabolic turbulent price movement with exploding volume signals an approaching final stage – such extreme price/volume action is not sustainable and will lead to a reversal sooner rather than later.

A Taoist Trader

Session Time: Mon Apr 06 00:00:00 2015
[09:04] {dino} gm
01[09:05] {@Threei}  dino :)
01[09:29] {@Threei}  Upside:
01[09:29] {@Threei}  -QURE +44% (earnings; entered into agreement with BMY to develop gene therapies)
01[09:29] {@Threei}  -CYTX +23% (Cytori & Lorem vascular receive regulatory clearance in China)
01[09:29] {@Threei}  -GAME +5.6% (entered definitive merger agreement with Going Private Transaction for $7.10/shr)
01[09:29] {@Threei}  -TSLA +3.6% (momentum from Friday sales numbers)
01[09:29] {@Threei}  -TIF +3.3% (positive broker commentary)
01[09:29] {@Threei}  -ARIA +3.3% (announced approval of Iclusig)
01[09:29] {@Threei}  -LL +2.6% (positive broker commentary)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -MHR -9.5% (disclosed notice from SEC staff that is has recommended that the SEC file an enforcement action)
01[09:29] {@Threei}  -DGLY -8.3% (company's "major announcement" turned out to be a PGA event sponsorship vs. product announcement)
01[09:29] {@Threei}  -HLF -4.5% (US federal enforcement officials to have contacted various Herbalife members regarding their business practices)
01[09:29] {@Threei}  -WBAI -3% (no news seen)
[09:30] {jfjf64} Mornin
01[09:30] {@Threei}  jf :)
01[09:32] {@Threei} Short Setup: FB  .20 break
01[09:32] {@Threei}  too fast
01[09:32] {@Threei}  again
01[09:32] {@Threei}  If holds  .30
01[09:33] {@Threei}  Invalidated
01[09:35] {@Threei} Long Setup:  VXX  .20 break
01[09:35] {@Threei}  If holds  .10
01[09:37] {@Threei} Short Setup: FB  .50 break
01[09:37] {@Threei}  sheesh... too fast again
01[09:38] {@Threei}  valid
01[09:38] {@Threei}  If holds  .60
01[09:38] {@Threei}  nah
[09:39] {jfjf64} Next candle hold .65
[09:40] {jfjf64} Na
01[09:40] {@Threei}  SPY closes the gap
[09:41] {jfjf64} Fb maybe time
01[09:42] {@Threei} Short Setup: FB  .70 break
01[09:42] {@Threei}  If holds  .80
01[09:43] {@Threei}  1:1
[09:44] {jfjf64} We break 13 ma.55 then think we get .38
01[09:44] {@Threei}  *(US) MAR FINAL MARKIT SERVICES PMI: 59.2 V 58.5E
[09:45] {jfjf64} Na
01[09:46] {@Threei} Short Setup: TWTR  .30 break
01[09:46] {@Threei}  If holds  .40
[09:47] {jfjf64} Vxx here
[09:48] {jfjf64} Whacky mkt
01[09:48] {@Threei}  never-edning drive up
[09:49] {jfjf64} Yes
[09:49] {dino} qure sm s .48
01[09:50] {@Threei} Short Setup: FB  .80 break
01[09:50] {@Threei}  If holds  .90
01[09:51] {@Threei}  1:1
01[09:55] {@Threei} Short Setup: MCD  .55 break
01[09:56] {@Threei}  change to .60
01[09:56] {@Threei}  If holds  .70
01[09:57] {@Threei}  1:1
01[09:59] {@Threei}  *(US) MAR ISM NON-MANUFACTURERS COMPOSITE: 56.5 V 56.5E
[10:00] {dino} dyax sm s .70
[10:01] {jfjf64} Tesla machine today
01[10:01] {@Threei}  1:2
01[10:01] {@Threei}  finally something decent
[10:02] {jfjf64} Yes
01[10:03] {@Threei}  1:3
[10:05] {jfjf64} Stop :43
[10:05] {jfjf64} ?
[10:06] {jfjf64} Me out Ty
01[10:06] {@Threei}  yup
[10:06] {jfjf64} You still in
01[10:07] {@Threei}  no
[10:08] {jfjf64} Vxx ready
[10:08] {jfjf64} ??
01[10:09] {@Threei}  I'd prefer one more pullback
01[10:09] {@Threei}  and buy around .90
[10:12] {dino} epam spike
[10:13] {dino} sm s .05
[10:14] {jfjf64} You still Dino
[10:15] {dino} of course i'm dino
[10:15] {jfjf64} Lol
[10:15] {dino} yes, bs at .41
01[10:15] {@Threei}  hehe
[10:15] {dino} stopped
[10:16] {jfjf64} Got on my radar
[10:17] {dino} epam sm s .76
[10:17] {dino} bs .02
01[10:18] {@Threei} Long Setup:  VXX  .90 break
01[10:18] {@Threei}  If holds  .85
[10:19] {jfjf64} Nice tight stop like
[10:20] {dino} bid/ask getting wider, should drop
[10:20] {jfjf64} Now
[10:21] {jfjf64} Here we go
01[10:21] {@Threei}  nah
[10:21] {jfjf64} Elam
[10:21] {jfjf64} Epam
[10:24] {dino} wtf stopped epam, too greedy
[10:26] {dino} rinsed
[10:26] {dino} sm s .71
[10:29] {jfjf64} That ma holdin up .57
[10:33] {dino} stopped .10 ave -.39
01[10:33] {@Threei} Long Setup:  VXX  .70 break
01[10:33] {@Threei}  If holds  .64
[10:33] {dino} had .30 on it twice, stupid, stupid
01[10:34] {@Threei}  Invalidated
[10:46] {jfjf64} Valid
[10:46] {jfjf64} Vxx
[10:51] {dino} epam last try sm s .34
01[10:52] {@Threei} Short Setup: MCD  .60 break
01[10:52] {@Threei}  If holds  .70
[10:53] {jfjf64} Go Dino
[10:54] {dino} lol
[10:55] {jfjf64} Tna  .30  long
[10:58] {jfjf64} 1:1
01[11:02] {@Threei}  1:1  MCD
[11:04] {jfjf64} Watching safm reversal
[11:06] {dino} late post, dyax stopped .01 -.31
[11:08] {jfjf64} In
01[11:11] {@Threei}  1:2
[11:26] {dino} gj
01[11:26] {@Threei}  ty
[11:27] {jfjf64} Yes nice job vg
01[11:27] {@Threei}  Market participants had all weekend to think about the big payrolls whiff in Friday's US March jobs report. This morning traders are buying the dip although trading volumes remain light.
[11:28] {jfjf64} Not me
[11:28] {jfjf64} Lol
01[11:28] {@Threei}  There was talk over the weekend that the worsening debt crisis has reanimated debate within Greece's ruling Syriza party about possible snap general elections if discussions with creditors fail. The country faces a Thursday deadline to repay a €450M IMF loan
[11:46] {jfjf64} Aapl 127
[11:46] {jfjf64} Long
[11:47] {jfjf64} I'm buyin dip
[11:48] {jfjf64} 1:1
[11:48] {jfjf64} Now hod
[11:49] {jfjf64} Not
[11:56] {jfjf64} Time for lunch
[11:56] {jfjf64} No 1:4 vg till back
[11:56] {dino} gj
01[12:13] {@Threei} Long Setup:  HLF  .10 break
01[12:13] {@Threei}  If holds  .95
01[12:13] {@Threei}  1:1
[12:35] {jfjf64} Gonna take shot vxx
[12:36] {jfjf64} .40 break
[12:36] {jfjf64} Small stop
[12:50] {dino} taking a break
01[12:50] {@Threei}  stall...
01[12:50] {@Threei}  HLF is moving again
[12:51] {jfjf64} Nice pull i
[12:51] {jfjf64} Bk
[13:08] {dino} out wday calls from march, +1.50 / 41%
01[13:09] {@Threei}  wtg
[13:10] {jfjf64} Good job Dino
[13:10] {dino} ty
[13:12] {jfjf64} Hlf
[13:12] {jfjf64} .45 break
[13:12] {jfjf64} Thoughts vg
01[13:13] {@Threei}  50/50
01[13:13] {@Threei}  no drive in the market either way
[13:24] {jfjf64} Infa
[13:41] {jfjf64} .60 break short here
[13:41] {jfjf64} .65
[13:44] {jfjf64} Nope
[13:49] {jfjf64} SOB
[14:07] {jfjf64} Fb hod.55 break short
[14:07] {jfjf64} Invalid
[14:26] {jfjf64} Celg .15 break
01[14:28] {@Threei}  not holding 113
01[14:29] {@Threei}  now maybe, .10 break
01[14:33] {@Threei}  nah
[14:38] {jfjf64} SOb
[14:39] {jfjf64} Came off old
[14:39] {jfjf64} Lod
[14:42] {dino} lol, finally covered qure from this morning, 32.15, +1.33
01[14:44] {@Threei}  nice
01[14:44] {@Threei}  él fb .75 break
01[14:44] {@Threei}  éc .65
01[14:45] {@Threei} Long Setup:  FB  .75 break
01[14:45] {@Threei}  If holds  .65
[14:54] {jfjf64} I'm pissed celg
[14:55] {jfjf64} Nice hold Dino
01[14:56] {@Threei}  Invalidated
[14:57] {dino} ty jf
[14:58] {jfjf64} Hlf hod
01[15:06] {@Threei} Long Setup:  FB  .60 break
01[15:06] {@Threei}  If holds  .54
01[15:10] {@Threei}  watching VXX for pullback entry
[15:11] {jfjf64} Mkt looks gettin weak
01[15:12] {@Threei} Long Setup:  VXX  .45 break
01[15:13] {@Threei}  If holds  .35
[15:17] {jfjf64} Brcm spike
01[15:20] {@Threei}  stop to .39
[15:25] {jfjf64} Brcm .15 break
[15:32] {jfjf64} 1:1
[15:32] {dino} gj
[15:34] {dino} well, w/o counting the wday options, first negative day in last 11
[15:34] {dino} with options sale, graetly positive
[15:34] {dino} greatly
[15:36] {jfjf64} You do good with options
[15:37] {dino} ty, they've been helping my monthly totals.
[15:38] {jfjf64} Never bought a option
[15:39] {jfjf64} Something u just added
[15:39] {dino} about as hard to do as shorting
[15:39] {dino} just hit the buy to open button
[15:40] {jfjf64} Lol
[15:40] {dino} i made the short comment because cramer always tells his listeners its hard to short. i don't know why, just hit the short button
01[15:41] {@Threei}  lol
[15:41] {jfjf64} Lol
01[15:43] {@Threei}  FB tries to break
[15:43] {jfjf64} Watching
[15:43] {jfjf64} Weird day here
[15:44] {jfjf64} Is vol down
01[15:44] {@Threei}  yes
01[15:44] {@Threei}  11%
[15:45] {jfjf64} I'm positive / not much
[15:46] {jfjf64} Enough for 2 beers / burger
[15:46] {jfjf64} See tomorrow guys
[15:47] {dino} cya jf, gj
01[15:47] {@Threei}  take care guys, see you tomorrow
01[15:48] {@Threei}  little scalp on VXX
[15:48] {dino} gn all

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Iran Deals, Payrolls Bomb
Fri, 03 Apr 2015 11:25 AM EST

The first quarter of 2015 came to an end this week, with Europe and Asia equities up big, while the S&P500 underperformed and the DJIA posted a losing quarter for the first time in two years. There were some green shoots in European and Chinese data. China's March PMI data showed manufacturing returned to expansion after two months of contraction, while Euro Zone manufacturing registered its 21st straight month of growth. But Friday's US payrolls data disappointed, posting the worst gain in over a year, and sending treasury yields and the dollar lower. The Iran talks were extended past the Tuesday deadline, allowing negotiators to arrive at a preliminary agreement that hopes to curtail Tehran's nuclear ambitions. For the week, the DJIA rose 0.3%, the S&P500 gained 0.3% and the Nasdaq slipped 0.1%.

Though most Western markets were closed for Good Friday, the US Labor Department remained open on the religious holiday and released a hair raising jobs report. March Nonfarm payrolls came in at a +126K versus the +245K estimate and February was revised down by over 30K, taking the Q1 average monthly gain down to +197K (vs. +324K in Q4). Similar to last year's slow start, the weak numbers were largely blamed on poor weather conditions. In illiquid holiday trading, the dollar sank after the jobs reports. After remaining in a fairly tight range through early Friday, the greenback slid about 1% to one-week lows against other major currencies, rising to above 1.10 against the euro and dropping below 119 yen. The 10-year treasury yield approached a two month low around 1.82% after the payrolls number.

The Iran nuclear talks went into double overtime, with the P5+1 negotiators extending talks through Thursday after missing the deadline to reach a preliminary deal on Tuesday. The additional 48 hours of talks yielded a framework agreement that, if fully implemented, will curtail Iran's nuclear activities for up to 25 years. In the draft document, Iran agreed to remove or dilute 95% of its enriched uranium stockpiles, and to confine its centrifuge operations to one location, moves that purportedly would extend Iran's "break out" period for developing a nuclear weapon to more than 12 months. In return, the EU and US agreed to lift all financial and economic sanctions once IAEA inspectors confirm Iran's compliance. The preliminary deal starts the clock on a more detailed final round of talks with a June 30th deadline.

Elsewhere in the tumultuous Middle East, the Saudi-led coalition continued bombing Yemen even as Houthi rebels consolidated their grasp on most of the country and began taking the key port city of Aden, the last big holdout of government forces. Saudi ground forces gathered on the Yemen border have not entered the country yet.

The weekly inventory reports whipped crude prices around again. API crude inventories registered their third consecutive build, while the DOE report notched its 12th straight build in inventories. However, the gain seen in the DOE report more or less met expectations for the first time in weeks, with no big overshoot, lending some strength to prices on Wednesday. WTI managed to stay in the high $40's and Brent in the mid-$50's all week. Crude didn't lose much ground even as a nuclear deal started to shape up, as the prospects of Iranian oil flooding the market were tempered by comments from Secretary of State Kerry that it may take Tehran as much as a year reach compliance with the agreement.

The launch of ECB QE and euro weakness helped boost European equities in Q1: the DAX index gained 22% in the quarter, its best performance since the second quarter of 2003, while the EuroSTOXX gained 16%. EUR/USD was down 11%, while the ICE dollar index gained 9% in the first quarter, its best performance since 2008, and pushed out to a 12-year high. Asian indices did very well too: the Shanghai Composite gained 16% while the Nikkei advanced more than 10%. The S&P 500 eked out a slight quarterly gain, its ninth in a row, while the DJIA turned negative for the quarter after taking a 200-point hit on the final day of the month. Tech stocks and small caps outperformed, with the Nasdaq up 3.5% in the quarter and the Russell 2000 up 4%. The 10-year UST yield fell nearly 24 basis points, from 2.173% to 1.937%.

Yet another round of funding talks between Greece and its European partners ended inconclusively on Tuesday. Greece submitted a list of proposed reforms, including an extra €4.7-6.1B in revenues and more concessions, but EU officials said they did not expect a deal before the next scheduled meeting of euro zone finance ministers, in Riga on April 24th. There were concerns that Greece might defer payment of a €450M IMF loan that is due on April 9th, which would constitute a big breach of Greece's commitments, but EU officials said the country would be able to make the payments.

The ECB released minutes from last month's meeting, although there was little earthshaking in the document. The notes suggest policymakers still worry that risks to the economic outlook remain to the downside, with national representatives somewhat skeptical of the ECB's raised growth forecasts for 2016 and 2017. Central bank representatives cited worries about Greece and wider geopolitical problems in the Middle East and Ukraine as possible problems for the outlook.

Fiat Chrysler recorded its 60th straight month of US sales gains in March while Ford, Nissan and General Motors saw sales contract. Toyota's sales gained a strong 4.9% y/y in the month, while GM was down 2%, Nissan dropped 2.7% and Ford fell 3.4%. Given the bad weather, analysts had projected that overall sales volume would fall for the first time in more than a year.

In M&A news, UnitedHeath struck a deal to acquire pharmacy benefit manager Catamaran Corporation for $61.50/share in cash, for a total deal valued at $12.8 billion. Teva entered a deal to acquire orphan drug developer Auspex for $101/share in cash, valuing the firm around $3.2 billion. Simon Property Group ended its hostile bid for Macerich after the deadline passed on its best and final offer of $95.50/share. Shares of Macerich fell hard, but recovered some ground on Thursday after reports emerged that activist investor Jonathan Litt was upset with Macerich's tactics in dealing with the offer and that in response he has nominated four director candidates. Shares of Lorillard and Reynolds were volatile on reports that the FTC was discussing possible remedies to be required for the proposed merger of the two tobacco firms to close. Recall the two entered a stock-and-cash deal valued around $27 billion last July.

The Shanghai Composite rose for the 4th consecutive week, gaining another 4% and reaching a new 7-year high above 3,850. Property sector names continued their strong performance early in the week after the PBoC decision to lower down-payments on 2nd mortgages from 60% to 40% and to do away with the "business tax" on transactions of homes purchased for over 2 years. Chinese markets were also helped by PBoC governor Zhou commenting that the central bank is increasingly focused on deflation, raising expectations for a steady increase in monetary easing in the pipeline. March PMIs released later in the week were mixed. The official manufacturing PMI figure returned to expansion after two months of contraction, but the rebound was largely attributed to seasonal post-holiday demand. The Non-manufacturing PMI slipped to 53.7 from 53.9. Both reports expressed concern over the slowdown in demand for labor, potentially raising a political issue for leadership in Beijing down the line.

The Nikkei225 was little changed for the week, consolidating an otherwise impressive month of March above the 19,000 level - although a powerful reversal is to be expected after Friday's Yen rally following the lackluster US jobs report. Japan's quarterly Tankan survey offered few signs of building momentum. The flat assessment of large manufacturing was somewhat worrisome, considering that it is the sector of the economy that prompted the most optimism from the BOJ in recent months, while the CapEx portion of the report showed its first decline in 2 years. The outlook for inflation among companies as surveyed by the BOJ also fell short of the official 2% inflation target several years forward.

Apr 02 2015

Very good morning with several strong plays, so we deiced to start our long weekend early. 

Session Time: Thu Apr 02 00:00:00 2015
[09:13] {cosmo} Get you egg ready:  http://whatreallyhappened.com/IMAGES/alienbunny.jpg
01[09:14] {@Threei}  oh jeez
01[09:14] {@Threei}  I have better one for you, easy to understand even without translation:
01[09:14] {@Threei}  https://www.youtube.com/watch?v=LbL9MRnxv5Q
[09:15] {dino} gm
01[09:17] {@Threei}  dino :)
[09:17] {cosmo} oh gawd
[09:18] {dino} i prefer dino
[09:19] {cosmo} no problem. just do your stuff...
[09:20] {cosmo} maybe make the snow and ice go away
[09:22] {jfjf64} Morni all
01[09:22] {@Threei}  jf :)
[09:30] {dino} lol cosmo it will never go away
01[09:31] {@Threei}  (US) Select Premarket Movers Upside:-WBAI +15% (Chinese press report that online lottery sales will resume)-CNDO +7% (formed new subsidiary DiaVax Biosciences)-KMX +4.7% (earnings)-PERY +4% (earnings)-LL +3.8% (prelim Q1 Rev)-RAI +3.8% (chatter that FTC will allow deal with LO; LO also up)-MDVN +2% (topline data for Enzalutamide positive)-XON +1.7% (signed cooperation agreement with National Cancer Institute-TSLA +1.7% (positive broker commentary)-MU +1.3% (earnings)-HLF +1.2% (reports of investigation into Pershing related to China presentation)
01[09:31] {@Threei}  Downside:-CNAT -8% (priced 3.5M offering at $5.75/shr)-SEAC -7.5% (earnings)-OCRX -2% (data for OCR-002)-CARB -12% (J@ 2ommentary)
01[09:34] {@Threei} Long Setup:  DAL  43 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  1:1
[09:37] {jfjf64} Comon dal
01[09:38] {@Threei} Short Setup: FB  .10 break
[09:38] {jfjf64} Holdin .10 nicely
01[09:38] {@Threei}  If holds  .20
01[09:39] {@Threei}  1:1
01[09:39] {@Threei}  1:2  DAL
01[09:41] {@Threei}  1:2  FB
01[09:41] {@Threei}  closed
[09:43] {jfjf64} Common dal spread ya wings and FLy to .50
01[09:44] {@Threei}  1:3
[09:45] {jfjf64} Stop.20
[09:45] {jfjf64} ?
01[09:46] {@Threei}  .19
01[09:47] {@Threei}  closed
[09:47] {jfjf64} Nice ly done
[09:47] {jfjf64} Ya still got it
[09:49] {jfjf64} Kim's gonna bust out
[09:50] {jfjf64} Kmx
01[09:50] {@Threei}  ALK Seeing early put activity1826 Par 60 puts trade at $0.40
[09:51] {jfjf64} .15 long kmx
[09:51] {jfjf64} Stop 74
[09:55] {jfjf64} .85 long
[09:56] {dino} sedg spike
[09:56] {jfjf64} Bounce vwap
[09:56] {jfjf64} Meh
01[10:00] {@Threei}  *(US) FEB FACTORY ORDERS: +0.2% V -0.4%E
01[10:06] {@Threei} Long Setup:  DAL  .10 break
01[10:06] {@Threei}  If holds  .05
01[10:12] {@Threei}  meh
01[10:12] {@Threei} Long Setup:  VXX  .15 break
01[10:12] {@Threei}  If holds  .05
01[10:25] {@Threei}  1:1
[10:45] {jfjf64} Retail  m. Dks. Strong today
[10:46] {jfjf64} Xon dino
[11:09] {dino} damn, sidetrack day, missed it.
[11:09] {dino} gotta hop for two hours or so, gl all. if i don't get back, have a great easter holiday
01[11:10] {@Threei}  have fun dino
[11:10] {dino} u2
[11:10] {jfjf64} You to enjoy happy easter
[11:13] {jfjf64} Twtr .95 long
[11:13] {jfjf64} Hold lod
01[11:13] {@Threei}  yup
[11:17] {jfjf64} It's time twtr
[11:23] {jfjf64} Makin me work for 1:1
01[11:25] {@Threei}  long weekend ahead... likely dead market for the rest of the day
[11:25] {jfjf64} My last trade
[11:25] {jfjf64} 1:1
[11:26] {jfjf64} You in vg
01[11:26] {@Threei}  yes
01[11:26] {@Threei}  half out
[11:26] {jfjf64} Me too
[11:27] {jfjf64} Gonna hold stop .05
[11:28] {jfjf64} Want 50.30
[11:29] {jfjf64} Lol
[11:29] {jfjf64} I hate twtr
01[11:30] {@Threei}  shrug
[11:31] {jfjf64} Still in u
01[11:31] {@Threei}  1/4 more out
[11:33] {jfjf64} Watch clr bounce
[11:33] {jfjf64} .55 in
[11:34] {jfjf64} 1:1
[11:35] {jfjf64} Out what was that
[11:36] {jfjf64} Profitable AM session  going to hop like a bunny
01[11:36] {@Threei}  yup
01[11:36] {@Threei}  see you monday
[11:37] {jfjf64} Enjoy ya weekend see ya monday
[11:37] {jfjf64} Thanks
01[11:37] {@Threei}  :)

Apr 01 2015

Very nice day with 1:3, 1:3, 1:5 etc, Quite steady trading, despite slowness



Session Time: Wed Apr 01 00:00:00 2015
[09:07] {dino} gm
01[09:07] {@Threei}  dino :)
[09:19] {dino} 3i, 3" of snow last night. it never ends
01[09:20] {@Threei}  sheeeesh
01[09:20] {@Threei}  this ceased to be funny long ago
[09:21] {dino} feb was 14 degrees below average for the month, march is 16 degrees below
01[09:21] {@Threei}  all that snow will keep temperatures below normal for a good while
[09:25] {dino} we are about a month behind. i usually play golf in march, but courses are under snow
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -DYAX +47% (announced positive Phase 1b results in trial of DX-2930)
01[09:26] {@Threei}  -ONVO +12% (described first fully cellular 3D bioprinted kidney tissue)
01[09:26] {@Threei}  -SRPT +8% (removed CEO Garabedian; interim CEO is former Chief Medical Officer Kaye)
01[09:26] {@Threei}  -SHLD +6% (entered 50/50 JV and sale-leaseback involving 12 properties located at GGP malls)
01[09:26] {@Threei}  -ESPR +4.4% (positive broker commentary)
01[09:26] {@Threei}  -CBK +3.2% (Marcellum calls on board to explore a potential sale to maximize value)
01[09:26] {@Threei}  -HPQ +1.2% (positive broker commentary)
01[09:26] {@Threei}  Downside:
01[09:26] {@Threei}  -UTIW -13% (earnings)
01[09:26] {@Threei}  -SNX -5% (earnings)
01[09:26] {@Threei}  -MAC -5% (SPG confirmed withdrew offer to acquire the company)
01[09:26] {@Threei}  -RKT -4% (cut guidance)
01[09:26] {@Threei}  -CHRS -3.3% (priced 4.1M shares at $29/shr)
01[09:26] {@Threei}  -KORS -2.5% (negative broker commentary)
01[09:26] {@Threei}  -AAL -2% (DB cut entire aviation sector; DAL, UAL also down 1-2%)
01[09:31] {@Threei} Short Setup: TWTR  51 break
01[09:31] {@Threei}  If holds  .10
01[09:31] {@Threei}  Invalidated
01[09:32] {@Threei} Short Setup: TWTR  .30 break
01[09:32] {@Threei}  If holds  .40
01[09:37] {@Threei} Long Setup:  FB  .45 break
01[09:37] {@Threei}  If holds  .35
01[09:38] {@Threei}  no go
01[09:40] {@Threei} Long Setup:  FB  .90 break
01[09:40] {@Threei}  1:1
01[09:42] {@Threei}  (GR) Greece govt not interested in sticking to IMF's April 9th deadline - Germany press "The Greek government must repay a €450 million IMF loan on April 9th. Reportedly the Greek Minister of the Interior said that if international creditors do not release aid funds to allow Greece to repay the loan, Greece will not meet the deadline. This would be a clear violation of the IMF's Articles of Association, according to which an installment payment can not be deferred. A breach of this rule has not yet occurred in the history of the IMF."
[09:42] {jfjf64} Iwm .45
[09:43] {jfjf64} .40
01[09:45] {@Threei}  *(US) MAR FINAL MARKIT MANUFACTURING PMI: 55.7 V 55.3E
01[09:48] {@Threei} Long Setup:  FB  .30 break
01[09:48] {@Threei}  Invalidated
01[09:49] {@Threei}  valid again
01[09:49] {@Threei}  in
01[09:50] {@Threei}  come on
01[09:51] {@Threei}  move already
01[09:52] {@Threei}  sheesh
01[09:52] {@Threei}  1:1
01[09:52] {@Threei}  1:2
01[09:52] {@Threei}  finally
[09:52] {jfjf64} Yes
[09:54] {jfjf64} Common fb
[09:54] {jfjf64} Get some legs
[09:55] {jfjf64} Can yo say 82.00
01[09:56] {@Threei}  market is spooked by Greece
[09:57] {jfjf64} Quick scalps
[09:59] {dino} banging last weeks lows
01[10:00] {@Threei}  *(US) MAR ISM MANUFACTURING: 51.5 V 52.5E; PRICES PAID: 39 V 38.0E
01[10:00] {@Threei}  *(US) FEB CONSTRUCTION SPENDING M/M: -0.1% V -0.1%E
01[10:00] {@Threei} Long Setup:  IWM  .10 break
01[10:01] {@Threei}  If holds  123
01[10:01] {@Threei}  1:1
01[10:02] {@Threei}  1:2
[10:02] {jfjf64} Go get em vg
[10:02] {jfjf64} F Greece
01[10:03] {@Threei}  1:3
[10:03] {cosmo} all they are saying is "give Greece a chanve"
[10:03] {cosmo} chance
[10:03] {jfjf64} How many times
[10:04] {cosmo} its a chant
[10:04] {jfjf64} Stop.25
[10:04] {jfjf64} ?
01[10:04] {@Threei}  meanwhile Greece brownnoses to Russia
[10:04] {dino} dyax hl s .32
01[10:04] {@Threei}  yeah
01[10:04] {@Threei}  that's where they lose my sympathy at once
[10:05] {dino} ctso hl l .95
01[10:05] {@Threei}  to .29 now
[10:05] {jfjf64} You caught it nice vg
[10:06] {jfjf64} Nice job
01[10:07] {@Threei}  ty
[10:07] {dino} cov dyax .88, +.44
[10:07] {jfjf64} Gm
[10:07] {jfjf64} Gj
[10:07] {dino} ty
[10:08] {dino} gm too
[10:08] {jfjf64} Yes
01[10:08] {@Threei}  lol
[10:08] {jfjf64} First 30 min was little hectic
[10:09] {jfjf64} Settle in now
[10:10] {jfjf64} Dal
[10:10] {jfjf64} .25 long
[10:10] {jfjf64} Hold .15
[10:16] {jfjf64} 1/1
[10:17] {jfjf64} Now go kill ya
[10:17] {jfjf64} Self I win dal
[10:18] {dino} out ctso .28, +.32
[10:19] {dino} alny sm l .87
[10:19] {jfjf64} Nice
01[10:19] {@Threei}  (US) President Obama declares rising number of cyberattacks against the US is a national emergency, issues executive order that to sanction those behind the attacks. The president's order will give the Treasury Department the authority to impose sanctions on individuals or entities behind cyberattacks and cyber espionage.
[10:20] {dino} ty
[10:20] {jfjf64} 1/2dal
01[10:21] {@Threei}  wtg
[10:21] {dino} out alny .63 +.76
[10:21] {jfjf64} Go Dino
[10:22] {dino} :)
[10:22] {dino} giddy-up
[10:22] {dino} reload alny hl l .93
[10:24] {dino} out alny .29, +.36
[10:24] {jfjf64} Still in dal.31 stop
[10:24] {jfjf64} Nice
[10:25] {dino} wday hl l .49
[10:26] {dino} ty
[10:30] {jfjf64} Wow alny
[10:31] {dino} damn
[10:32] {jfjf64} That's being nice
[10:33] {jfjf64} Vxx watching??
01[10:33] {@Threei} Long Setup:  AAPL  .60 break
01[10:33] {@Threei}  If holds  .50
[10:33] {dino} ctso hl l .42
[10:35] {dino} stop wday ave .17 -.23
[10:35] {dino} -.33
01[10:36] {@Threei}  1:1
[10:37] {dino} out ctso .62, +.22
[10:37] {jfjf64} Vxx .05 brea
[10:41] {jfjf64} News??
[10:41] {dino} wday hl l .28
[10:44] {jfjf64} Dino keep eye uhs
[10:44] {dino} ok
[10:44] {jfjf64} Maybe nice reversal
[10:45] {dino} criminal investigation
[10:45] {dino} ll spike
[10:45] {jfjf64} Ll huge pop
[10:45] {jfjf64} Lol
[10:46] {jfjf64} Scanners workin
01[10:46] {@Threei}  LL EPA indicates the company is in compliance with National rules; reiterates in process of setting limits
[10:46] {dino} giddy-up on my calls then
[10:50] {dino} if ll report correct, it should go big
[10:51] {dino} out wday .81, +.53
01[10:51] {@Threei}  wtg
[10:54] {dino} ty
01[10:56] {@Threei} Long Setup:  LL  .80 break
01[10:56] {@Threei}  late
01[10:57] {@Threei}  stop .65
01[10:57] {@Threei}  1:1
01[10:58] {@Threei}  1:2
[10:58] {jfjf64} Missed it
01[10:59] {@Threei}  pulled back right into trigger
[11:00] {jfjf64} Yeah I know wasn't on it
01[11:02] {@Threei}  out in full +.50
[11:04] {jfjf64} Good job vg
[11:05] {dino} gj
01[11:06] {@Threei}  ty
01[11:12] {@Threei} Long Setup:  IWM  .25 break
01[11:12] {@Threei}  If holds  .15
01[11:14] {@Threei}  1:1
[11:27] {jfjf64} Vxx .85 break
[11:37] {jfjf64} Out flat
[11:38] {jfjf64} Going to lunch good session see after lunch 2 ish
[11:39] {dino} wday hl l .61
01[11:52] {@Threei}  action died
[11:53] {dino} out wday .25, +.64
01[11:53] {@Threei}  wtg
[11:53] {dino} ty
01[11:58] {@Threei}  gotta take a break too, this immobile market can drivve one crazy
01[11:58] {@Threei}  be back in an hour
01[13:03] {@Threei}  yeah... just where I left it, lol
06[13:16] * @Threei slaps Chaeron around a bit with a large roll of cash
01[13:20] {@Threei} Long Setup:  IWM  .65 break
01[13:20] {@Threei}  If holds  .55
[13:20] {dino} feels like yesterday, gearing up for drop
01[13:21] {@Threei}  could be...
01[13:21] {@Threei}  stop to .59
01[13:26] {@Threei}  1:1
[13:27] {dino} gj
01[13:28] {@Threei}  ty
01[13:28] {@Threei}  10 cents in just 6 min - not a small feat in this market
[13:28] {dino} wday channel using vwap as bottom
01[13:31] {@Threei}  1:2
01[13:32] {@Threei}  in merely 10 min
01[13:32] {@Threei}  man, I am on fire
01[13:32] {@Threei}  chaeron fainted seeing such craft
[13:34] {dino} damn, missed it
01[13:42] {@Threei}  1:3
01[13:43] {@Threei}  1:4
01[13:43] {@Threei}  out
[13:43] {dino} gj
01[13:44] {@Threei}  ty
[13:48] {Chaeron} hey everybody... nice one vad. Sorry... was tied on phone.
01[13:48] {@Threei}  :)
[14:05] {dino} wday hl l .70
[14:16] {dino} wday stop .41 -.29
[14:22] {dino} wday hl l .50
[14:26] {dino} not working, stopped
[14:27] {jfjf64} What's up boys
[14:27] {dino} morning was better
01[14:28] {@Threei}  missed 1:4, jf
[14:28] {dino} 6/7 a.m.; 1/3 now
[14:28] {dino} 1/3 p.m. i mean
[14:28] {jfjf64} What symbol
01[14:29] {@Threei}  [13:20] {@Threei} Long Setup: IWM .65 break
01[14:29] {@Threei}  [13:20] {@Threei} If holds .55
[14:29] {jfjf64} Nice job
[14:30] {dino} wday last 5 trades, 2/5 on it, but in the black slightly on it. well in black from morning trades
[14:30] {jfjf64} Trade ideas scanner put nice scanner together for options
[14:31] {jfjf64} Dyax highest call vol today
[14:31] {dino} feels like yesterday afternoon, matbe big drop in making again
[14:32] {dino} maybe
[14:32] {dino} jf, funny dyax, i shorted it earlier
[14:33] {jfjf64} I remember
[14:33] {jfjf64} Highest put vol also
[14:33] {jfjf64} Lol
[14:33] {dino} phase 1 and orphan, not sure i'd buy calls at +8
[14:34] {jfjf64} Missed 1/4 that's what I get for eating lunch
[14:46] {dino} rinsed
[14:54] {jfjf64} I'm long tna 88.45
01[15:05] {@Threei} Long Setup:  CELG  114 break
[15:05] {dino} what stock jf?
[15:05] {dino} oh tna, sorry
01[15:05] {@Threei}  If holds  .80
01[15:07] {@Threei}  nah
[15:11] {jfjf64} Krft new hod
[15:18] {jfjf64} .75 s krft
[15:19] {jfjf64} Hold hod
[15:20] {jfjf64} Meh
01[15:28] {@Threei} Long Setup:  VXX  .85 break
01[15:34] {@Threei}  no go
01[15:34] {@Threei}  news
[15:38] {jfjf64} Lo .65 break
01[15:39] {@Threei}  [LO] LO Hearing M&A blog speculating the deal with RAI will receive FTC clearance without any major transformational adjustments to operations
01[15:45] {@Threei}  ok, no more trades today, good day as it is
01[15:45] {@Threei}  thank you all, have a good evening
01[15:45] {@Threei}  see you tomorrow
[15:45] {jfjf64} Ty good day
[15:45] {dino} calling it a day too, good one, gn all

Mar 31 2015

Has been back and forth day until closing short on FB for 1:4, which made it profitable one. 


Session Time: Tue Mar 31 00:00:00 2015
[09:09] {dino} gm
01[09:09] {@Threei}  dino :)
[09:11] {dino} hmm, markets closed friday
01[09:11] {@Threei}  yeah
[09:11] {cosmo} that's good
[09:13] {dino} lol
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -DANG +9% (earnings)
01[09:23] {@Threei}  -MOV +8.5% (earnings)
01[09:23] {@Threei}  -BCRX +7.4% (awarded BARDA BCX4430 contract worth $35M)
01[09:23] {@Threei}  -CHTR +5% (confirmed acquisition of Bright House Networks for $10.4B)
01[09:23] {@Threei}  -DRYS +5% (announced agreement to sell tanker fleet for $245M)
01[09:23] {@Threei}  -INFN +4.3% (selected by FB to light the world's longest terrestrial optical network route)
01[09:23] {@Threei}  -GWPH +3.5% (starting phase 3 trial for Epidiolex in Dravet Sydrome)
01[09:23] {@Threei}  -MRH +3% (being acquired by Endurance Specialty Holdings for $40.24/shr)
01[09:23] {@Threei}  -JCP +2.8% (momentum/broker commentary)
01[09:23] {@Threei}  -REXX +6% (production update)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -GV -30% (earnings)
01[09:23] {@Threei}  -SNTA -25% (hearing 20M secondary priced at $1.75/shr)
01[09:23] {@Threei}  -TCK -7% (confirmed the company not in talks with Antofagasta)
01[09:23] {@Threei}  -CLDN -4.7% (earnings)
01[09:23] {@Threei}  -ICPT -4.3% (offering 1.2M shares in proposed offering of common stock)
01[09:23] {@Threei}  -INSM -3.4% (offering 10M shares for $20.25/shr)
01[09:23] {@Threei}  -CONN -3% (earnings)
01[09:23] {@Threei}  -LO -2.2% (talk that the FTC recommending a suit to block RAI/LO merger)
01[09:31] {@Threei}  (US) Nevada reports Feb casino rev $M, -1.0% y/y; Las Vegas Strip rev $M, -4.4% y/y'/
01[09:31] {@Threei}  (US) Nevada reports Feb casino rev $916M, -1.0% y/y; Las Vegas Strip rev $531M, -4.4% y/y
01[09:32] {@Threei}  better paste, lol
01[09:33] {@Threei} Long Setup:  FB  .90 break
01[09:33] {@Threei}  If holds  .80
01[09:35] {@Threei}  change to .80 break
01[09:36] {@Threei}  1:1
01[09:36] {@Threei}  1:2
01[09:40] {@Threei} Short Setup: LVS  .80 break
01[09:40] {@Threei}  Invalidated
01[09:44] {@Threei}  MGM Seeing put activity4300 Jun 18 puts trade at $0.40
01[09:44] {@Threei} Long Setup:  FB  .70 break
01[09:45] {@Threei}  *(US) MAR CHICAGO PURCHASING MANAGER: 46.3 V 51.7E
01[09:45] {@Threei}  valid still
01[09:47] {@Threei}  nah
01[09:53] {@Threei} Long Setup:  VXX  .30 break
01[09:56] {@Threei}  change to .25
01[09:56] {@Threei}  If holds  .19
[09:57] {dino} spxl hl l .55
01[09:58] {@Threei}  change to .20
01[09:58] {@Threei}  If holds  .15
01[09:59] {@Threei} Long Setup:  TWTR  .35 break
01[09:59] {@Threei}  If holds  .25
01[10:00] {@Threei}  *(US) MAR CONSUMER CONFIDENCE: 101.3 V 96.4E
01[10:00] {@Threei}  1:1
[10:02] {dino} out spxl .91, +.36
01[10:04] {@Threei}  nice
[10:04] {dino} ty
[10:04] {dino} wrld hl l .85
01[10:10] {@Threei}  Corvus and Raven are going to duke it out?
01[10:11] {@Threei}  nope
[10:11] {dino} ll luv
[10:11] {cosmo} don't scare the birds
[10:13] {dino} dfs hl l .40
01[10:14] {@Threei} Long Setup:  TWTR  .40 break
01[10:14] {@Threei}  If holds  .30
01[10:16] {@Threei}  Invalidated
01[10:21] {@Threei}  got away
[10:34] {dino} kar spike
[10:34] {dino} and over
01[10:36] {@Threei} Long Setup:  IWM  .55
01[10:36] {@Threei}  If holds  .45
[10:38] {dino} dfs out .64, +.24
01[10:42] {@Threei}  moderate gains eh?
01[10:50] {@Threei}  stop to .49
[10:50] {dino} yes
[10:53] {Corvus} you turkeys changed my name whilst I was walking !
01[10:53] {@Threei}  lol
06[11:09] * @Threei slaps jfjf64 around a bit with a large roll of cash
[11:09] {jfjf64} hey all
[11:09] {jfjf64} lol
[11:09] {jfjf64} that's what we do
[11:09] {jfjf64} vxx halted?
01[11:10] {@Threei}  something strange with quotes on it I guess
[11:10] {jfjf64} how was ya mornin
01[11:10] {@Threei}  positive
01[11:11] {@Threei}  but slow
[11:11] {jfjf64} wher is Ronnie boy
01[11:11] {@Threei}  vacation
[11:11] {jfjf64} nice
01[11:14] {@Threei}  [LVS] LVS Ticks higher on vague chatter the company could look to spin off some real estate assets
01[11:17] {@Threei}  VXX is totally screwed up
[11:17] {jfjf64} yes
01[11:19] {@Threei}  IWM got away
01[11:20] {@Threei} Long Setup:  FB  .30 break
01[11:20] {@Threei}  If holds  .20
[11:24] {jfjf64} stop to .25
[11:25] {jfjf64} ?
01[11:25] {@Threei}  .24
[11:25] {jfjf64} k
[11:27] {jfjf64} lets go fb
01[11:28] {@Threei}  1:1
[11:31] {jfjf64} still in
01[11:32] {@Threei}  as market drops, I'd be happy to trade VXX but this is complete mess
01[11:32] {@Threei}  whatever happened over there, they are not in a rush to fix it
01[11:33] {@Threei} Long Setup:  IWM  .25 break
01[11:33] {@Threei}  If holds  .20
01[11:41] {@Threei}  meh
[11:45] {jfjf64} 15 breah
[11:45] {jfjf64} ?
01[11:46] {@Threei}  let's wait for pullback
01[11:46] {@Threei}  see if we can get double bottom
01[11:46] {@Threei}  desirably around .10
[11:46] {jfjf64} k
01[11:48] {@Threei}  now
01[11:49] {@Threei}  on .10 break
01[11:49] {@Threei}  with stop under 124
[11:54] {jfjf64} here we go
[11:59] {jfjf64} using 9 for stop
01[12:01] {@Threei}  no go
[12:01] {jfjf64} lunch time see ya in hour
01[12:01] {@Threei}  [TSLA] CEO Musk tweets: "With all that solar power being generated, it almost feels like something is needed to complete the picture ..." - "SolarCity just hit a new daily energy record of 5GWh two weeks after reaching 4GWh"**NOTE: Musk tweeted yesterday he would announce a new non-automotive product on April 30th, and it was speculated that the announcement could be a stationary home battery storage pack that Tesla mentioned it was working on during a Feb conf call.
[12:01] {jfjf64} need vxx today
01[12:05] {@Threei} Short Setup: TWTR  .45 break
01[12:05] {@Threei}  If holds  .55
01[12:12] {@Threei}  nope
[13:27] {dino} stuck in range again
01[13:29] {@Threei}  yeah
01[13:29] {@Threei}  and slooooow...
[13:31] {dino} tough to stay awake
01[13:32] {@Threei}  U don't
01[13:32] {@Threei}  I
01[13:40] {@Threei}  be back in 30
01[13:59] {@Threei} Short Setup: MCD  .75 break
01[13:59] {@Threei}  If holds  .85
01[14:05] {@Threei}  Invalidated
[14:08] {jfjf64} Anything going on  /quiet??
01[14:08] {@Threei}  shhhhh
01[14:08] {@Threei} Short Setup: MCD  .85 break
01[14:08] {@Threei}  If holds  .95
[14:12] {dino} jf, nothing that i see, stuck in range of about 25 dji pts
01[14:17] {@Threei}  nope
01[14:23] {@Threei}  PGRE 872K share block trades at $19.30- followed by another 300K block
01[14:28] {@Threei} Short Setup: TWTR  .85 break
01[14:28] {@Threei}  If holds  .95
[14:29] {jfjf64} Conn
01[14:33] {@Threei}  1:1
[14:38] {dino} conn, wow, how'd i miss that, all over the place
[14:43] {dino} conn sm s .48
01[14:43] {@Threei} Short Setup: FB  .75 break
01[14:44] {@Threei}  If holds  .85
01[14:46] {@Threei}  VXX chrt still has abnormalities but trades normally now
[14:48] {dino} jf, thx, cov conn .16, +.32
01[14:48] {@Threei}  gj
[14:48] {jfjf64} Gj
[14:49] {jfjf64} I bought dip 31.17
[14:49] {jfjf64} Stop under 31
[14:50] {dino} gj
[15:00] {jfjf64} Vxx  ?
[15:01] {jfjf64} Higher lower close
[15:01] {dino} lower
01[15:14] {@Threei}  1:1
01[15:14] {@Threei}  1:2
[15:15] {jfjf64} Lod 82.40
[15:15] {jfjf64} Let's get it
01[15:15] {@Threei}  and break
01[15:15] {@Threei}  and die
01[15:16] {@Threei}  or crash
01[15:16] {@Threei}  or both
[15:16] {jfjf64} I agree
[15:17] {jfjf64} Patience
[15:18] {dino} i should have listened to myself on the down comment
[15:22] {jfjf64} Stop .65 hangin on
01[15:23] {@Threei}  1:3
01[15:23] {@Threei}  come on baby
01[15:23] {@Threei}  lose it
[15:24] {jfjf64} AAPL breaks lod
[15:24] {jfjf64} Bam
[15:30] {jfjf64} Vg starts chanting  I love fb
01[15:30] {@Threei}  1 cent to 1:4
[15:31] {jfjf64} Stop.50
[15:31] {jfjf64} ?
01[15:31] {@Threei}  yeah
01[15:31] {@Threei}  .51
[15:32] {jfjf64} Need violence
01[15:32] {@Threei}  1:4
01[15:32] {@Threei}  good girl
[15:32] {dino} wtg
01[15:33] {@Threei}  ty
[15:33] {jfjf64} Good job
[15:33] {jfjf64} Me out
01[15:34] {@Threei}  holding little piece still
01[15:34] {@Threei}  stop .46
[15:34] {jfjf64} Like iwm here
[15:36] {jfjf64} 1/1
[15:37] {jfjf64} Quick scalp out
[15:38] {jfjf64} Twtr got look
01[15:38] {@Threei}  gj
01[15:38] {@Threei}  ok guys, done for the day
01[15:38] {@Threei}  thank you, see you tomorrow
[15:38] {jfjf64} Good night
[15:39] {jfjf64} Still here dino
[15:51] {dino} calling it a day jf, gn

Mar 30 2014

Incredibly slow and boring but nicely profitable day. Feels like August, only with better monetary reward


Session Time: Mon Mar 30 00:00:00 2015
[09:13] {cosmo} Go Spartans...
01[09:13] {@Threei}  where?
01[09:13] {@Threei}  let them stay, they are tired
[09:13] {cosmo} Final Four Basketball...sorry
[09:14] {cosmo} Michigan State
[09:22] {dino} gm
01[09:22] {@Threei}  dino :)
01[09:22] {@Threei}  Upside:
01[09:22] {@Threei}  -ICEL +108% (Fujifilm acquiring all shares for $16.50/shr)
01[09:22] {@Threei}  -ASPX +42% (TEVA seeking to acquire all outstanding shares at $101/shr)
01[09:22] {@Threei}  CNET +26% (entered service agreement with Baidu)
01[09:22] {@Threei}  -CTRX +25% (OptumRx deal)
01[09:22] {@Threei}  -HZNP +20% (acquiring HPTX)
01[09:22] {@Threei}  -ZIOP +16% (entered oncology collaboration agreement with Merck Serono & XON)
01[09:22] {@Threei}  -XON +13% (entered oncology collaboration agreement with Merck Serono & ZIOP)
01[09:22] {@Threei}  -SFUN +6.2% (PBoC easing mortgage policy; lowered down payment for 2nd mortgage from 60% to 40% - EJ, LEJU & XIN all up 4-6% on the news)
01[09:22] {@Threei}  -UNH +4.8% (OptumRx & CTRX deal)
01[09:22] {@Threei}  -HPTX +3% (being acquired by HZNP)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -BDSI -26% (missed endpoint in Phase 2 Clonidine topical gel study)
01[09:23] {@Threei}  -YOD -17% (earnings)
01[09:23] {@Threei}  -MYL -5% (neg momentum from TEVA/ASPX deal)
01[09:31] {@Threei}  sheesh gold
01[09:32] {@Threei} Short Setup: FB  84 break
01[09:32] {@Threei}  If holds  .10
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei}  got away
01[09:33] {@Threei}  again
01[09:33] {@Threei}  same setup
01[09:34] {@Threei}  1:1
01[09:35] {@Threei}  1:2
01[09:35] {@Threei}  1:3
01[09:39] {@Threei} Long Setup:  IWM  .10 break
01[09:39] {@Threei}  If holds  124
01[09:42] {@Threei}  1:1
01[09:45] {@Threei}  1:2
01[09:54] {@Threei} Short Setup: GLD  .75 break
01[09:54] {@Threei}  If holds  .85
[09:57] {dino} egrx drop
[09:57] {dino} hl l .25
01[10:00] {@Threei}  (US) FEB PENDING HOME SALES M/M: 3.1% V 0.4%E; Y/Y: 12.0% V 8.7%E -
[10:12] {dino} wrld hl l .55
01[10:27] {@Threei}  QIHU Seeing call activity1600 May 57.5 calls trade at $1.25
[10:29] {dino} out wrld .25, +.70
01[10:30] {@Threei}  wtg
[10:30] {dino} ty
01[10:30] {@Threei}  *(US) MAR DALLAS FED MANUFACTURING ACTIVITY: -17.4 V -9.0E
[10:41] {dino} out egrx .90 +.65
01[10:41] {@Threei}  nice
[10:42] {dino} ty
01[10:42] {@Threei} Long Setup:  VXX  .15 break
01[10:42] {@Threei}  If holds  .05
01[10:46] {@Threei}  Invalidated
01[10:56] {@Threei} Long Setup:  IWM  .35 break
01[10:56] {@Threei}  If holds  .25
01[11:05] {@Threei}  "Arguing with fool is not unlike playing chess with pigeon - he will overturn all the pieces, crap on the board and fly away to tell everyone how he beat you"
01[11:07] {@Threei}  [YELP] Hearing vague takeover chatter - Priceline rumored as a potential acquirer
01[11:22] {@Threei}  1:1
01[11:24] {@Threei}  [ALTR] Reportedly Altera's advanced deal talks with Intel are on track but could take up to week to conclude
01[11:37] {@Threei}  (GR) EU official comments on earlier Greece proposals; notes the list requires a lot of work
01[11:52] {@Threei} Long Setup:  VXX  .15 break
01[11:52] {@Threei}  If holds  .05
[11:55] {dino} taking a break
01[11:57] {@Threei}  how long?
[11:57] {dino} hour
01[11:58] {@Threei}  k... me too then :)
[11:58] {dino} alrighty then
01[11:59] {@Threei}  The Iran nuclear talks continue down to the wire this morning. Press reports suggest that Iran's negotiators tried to back away from making commitments to ship their atomic fuel out of the country, although US officials said the issue would not derail talks, although there were separate reports that Russia Foreign Minister Lavrov left the negotiations. Later reports suggest the talks are still doing well, but there is little in the way of hard news on the issue out this morning.
[13:35] {dino} .
01[13:35] {@Threei}  ..
01[13:36] {@Threei}  market's glued
01[13:36] {@Threei}  slow climb
[13:38] {dino} not my kind of market
01[13:38] {@Threei}  nor mine
01[13:38] {@Threei}  morning winnings make the day worthy waking up
01[13:38] {@Threei}  hopefully something else comes around before the day is over
[13:39] {dino} yes, morning two were good
[13:42] {dino} they gunning them for quarter end
01[14:05] {@Threei} Long Setup:  FB  .30 break
01[14:05] {@Threei}  If holds  .20
01[14:19] {@Threei}  august
01[14:37] {@Threei} Short Setup: TWTR  .55 break
01[14:37] {@Threei}  If holds  .65
[14:38] {dino} tck spike
01[14:38] {@Threei}  TCK Reportedly in talks with Antofagasta
01[14:39] {@Threei}  I'd never talk to someone with such disgusting name
[14:42] {dino} tck hl s .80
01[14:44] {@Threei}  Invalidated
[14:45] {dino} bs to .00
[14:46] {dino} to .95
[14:46] {dino} cov tck .98, slippage, +.82
01[14:47] {@Threei}  wtg
01[14:47] {@Threei} Long Setup:  FB  .10 break
01[14:48] {@Threei}  If holds  83
[14:48] {dino} ty
01[14:50] {@Threei}  change to 83 break
01[14:50] {@Threei}  If holds  .90
[14:52] {dino} for a dead day, 3/3 and 50% above goal. makes me think i should trade less, just sit back and wait for the good ones
01[14:53] {@Threei}  depends on a day...
01[14:54] {@Threei}  on such slow one, being picky is certainly of a benefit
[14:55] {dino} i've noticed i don't trade as much the last 5 months, and my numbers are better. used to average 8-10 round trips/day, now 3-5
01[14:56] {@Threei}  FB two-sided
01[14:57] {@Threei}  long it is
01[15:04] {@Threei}  1:1
[15:04] {dino} tck spikes again
01[15:06] {@Threei}  1:2
01[15:08] {@Threei}  taking my profit and closing the day on this, before I break the keyboard with my chin
01[15:09] {@Threei}  happy wiht monetary result but can't handle this boredom anymore
01[15:09] {@Threei}  see you tomorrow :)

Market Week Wrap-up

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TradeTheNews.com TradeTheNews.com Weekly Market Update: Mixed Data Blunts Risk On Appetite
Fri, 27 Mar 2015 16:45 PM EST

Global equity indices retreated from at or near record high levels this week. Traders noted technical trading around some key sector reversals, historically weak seasonal patterns observed post March options expiration and pre-Q1 earnings releases, and geopolitical worries emanating from the Middle East as all playing a role in reversing equity sentiment. US economic data was mixed but definitively continues to point to a slowdown in Q1 economic activity. The momentum technology and biotech stocks saw a few bouts of selling which garnered attention as they did on a couple of occasions in 2014. There were glimmers of hope in Europe. Measures of confidence among German businesses and consumers saw surprising improvements, while other European nations also saw an uptick in confidence surveys. German and euro zone March preliminary services and manufacturing PMIs surveys beat expectations and rose further into expansion territory. In Asia, China's March HSBC PMI manufacturing survey slipped to an 11-month low amid wider unease about the nation's economy. Chinese officials continue to talk down growth expectations, with Vice Premier Zhang saying China has "paid a price" for very high growth and that high growth levels are "not sustainable." For the week, the DJIA fell 2.3%, the S&P500 lost 2.2% and the Nasdaq dropped 2.7%.

Just before markets closed on Friday, Fed Chair Yellen reiterated that rates are likely to rise this year, but that the path of rates is more important than the timing of rate lift off. She again mentioned that the dollar strength will impact US exports, but said that the currency market has to be put in context, and that other factors like robust consumer spending and foreign central bank stimulus will help the US economy.

Other Fed speakers this week also reiterated that the June, July and September Fed meetings would be live for possible rate hikes. Fed Vice Chair Stanley Fischer said the FOMC would "eventually raise rates by 25 basis points," jesting that this would take Fed policy from "ultra-accommodative" to "extremely accommodative".

US CPI returned to growth in February, delivering the first positive headline CPI reading since October and the first rise in energy prices since June. Domestic gasoline prices rose 2.4%, the largest increase since late 2013. The Fed has asserted that the declines in energy prices are transitory, and this is some of the first hard economic data to support its contention.

Analysts saw the sizable unexpected decline in the February durable goods orders as evidence the global slowdown is starting to show up in US data. Durables and capital goods orders were all down more than 1% in Feb, while the surprising gains in the January report were revised lower. Orders for non-military capital goods (ex-aircraft), a proxy for future business investment, saw their sixth consecutive decline, the longest stretch of decreases since mid-2012.

The February new and existing home sales reports diverged noticeably. The Feb existing home sales echoed the contours of the tepid February permits and starts data out last week, with a reading slightly below expectations and more or less flat with the January figure. The new home sales were unexpectedly strong, widely topping consensus estimates, up nearly 25% y/y and up 87% y/y in the Northeast. The annualized sales rate was the highest in seven years. Weather had been blamed for the sluggish starts, permits and existing home sales, but analysts seemed stumped by the good new home sales, offering explanations based on the limited supply of new homes. Shares of homebuilders got a bump from the data but ended the week more or less flat.

Crude prices retracted most of the losses seen in the first half of March through Thursday. A rebellion by Yemen's Shiite Houthis intensified as the group forced the sitting president to flee the country and took control of the capital. Egypt, Saudi Arabia and other Persian Gulf nations agreed to intervene in the conflict, and the Saudi air force began bombing strategic targets in the country. A ground force is being assembled and may intervene soon. While Yemen has scant oil resources of its own, the conflict is seen as a proxy war between Saudi Arabia and Iran. After dipping below $45 last week, WTI topped out around $52.50 as the Saudis started bombing. Brent rose from lows around $52.80 last week to above $58. Both contracts dipped lower on Friday. US weekly inventory reports didn't help: the DoE report saw the eleventh straight build in oil inventories, with the amount once again widely exceeding expectations.

The beaten-down share of thinly traded rare earth name Molycorp gained nearly 30% on Monday after CBS's '60 Minutes' reported that China has cornered the market on rare earth minerals and highlighted Molycorp's ownership of the only domestic rare earth mine in the US. Analysts cautioned that rare earth metals are neither rare nor expensive, and asserted China's monopoly could easily be broken. Shares of Lumber Liquidators, which have dropped about 60% since a '60 Minutes' exposlast month, got a 10% bump midweek after the Consumer Product Safety Commission made dovish comments on its investigation into CBS's allegations regarding the high toxicity of the company's flooring products.

Kraft Foods and H.J. Heinz are merging in a giant deal that will create the world's fifth largest food and beverage company. Under the terms of the deal, Heinz will return to the public market with a 51% ownership of a new company with $28 billion a year in revenue. Current Kraft holders will own 49%. Kraft's shareholders will receive stock and a special cash dividend of $16.50 per share, financed by a $10 billion investment from Brazil private equity firm 3G Capital and Warren Buffet's Berkshire Hathaway, the two firms that own Heinz. Recall that in 2013, 3G and Berkshire bought Heinz for $23 billion and took the company private. In other news, Lexmark reached a deal to acquire Kofax for $11/share in cash or about $1B, giving the printer firm a stronger position in enterprise software. Friday afternoon, semiconductor names traded higher after a report that Intel is in talks to buy Altera, in what would be Intel's largest ever acquisition.

China HSBC flash manufacturing PMI missed expectations of a 2nd consecutive month of expansion, not only returning into sub-50 contraction but also falling to an 11-month low. HSBC economists cited a renewed fall in total new business and workforce reduction, along with falling import prices as a result of oil-driven disinflation. On Friday, China YTD industrial profits also showed continued decline, falling by -4.2% during the holiday adjusted Jan-Feb period. Given the dearth of evidence for recovery, the Asian Development Bank's 2015 Outlook merely affirmed China GDP forecast of 7.2%, which is still higher than the official target of around 7%. The domestic China Academy of Social Sciences think tank pegged growth for Q1 to slide to 6.85%.

With the one-year roll-off for Japan consumption tax increase fast approaching, both PM Abe and BOJ Governor Kuroda would have preferred to see more concrete signs that their battle to turn back disinflation was yielding results. Instead, Japan's latest nationwide core CPI fell to an 11-month low of 2.0%, while ex-sales tax inflation has actually stalled for the first time in nearly two years. The latest addition to the BOJ board offered a more practical assessment that while remaining committed to the 2% target is important, achieving that goal within the confines of a rigid 2-year timeframe is challenging. Kuroda and Abe also reportedly held meetings early this week amid press speculation of a growing rift between the two men at the helm of Abenomics, with the prime minister supposedly being less inclined to cater to the more fiscally conservative agenda of his advisors.