May 19 2015

Beautiful day with win after win after win, even in the afternoon. Ended with 1:3 on FB short which nicely complemented earlier 1:4 on MCD long

Session Time: Tue May 19 00:00:00 2015
[09:25] {chasj} Good morn
01[09:25] {@Threei}  chas :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -GIGA +24% (earnings)
01[09:25] {@Threei}  -MOMO +21% (earnings)
01[09:25] {@Threei}  -RRGB +9% (earnings)
01[09:25] {@Threei}  -TTWO +8.3% (earnings)
01[09:25] {@Threei}  -LAKE +8% (earnings)
01[09:25] {@Threei}  -TJX +3.8% (earnings)
01[09:25] {@Threei}  -CMCM +2.4% (earnings)
01[09:25] {@Threei}  -BLUE +2.3% (announced global regulatory strategy for LentiGlobin BB305)
01[09:25] {@Threei}  -HD +2.2% (earnings)
01[09:25] {@Threei}  -P +1% (acquiring Next Big Sound for undisclosed sum)
01[09:25] {@Threei}  -PLUG +8% (new client)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -RNDY -20% (proposed secondary of 3.5M shares)
01[09:25] {@Threei}  -URBN -15% (earnings; negative broker commentary)
01[09:25] {@Threei}  -ACHN -5% (momentum from GILD/ACHN rumors)
01[09:25] {@Threei}  -ICPT -5% (separate cardiovascular outcomes trial not required for obeticholic acid & planning international Phase 3 trial)
01[09:25] {@Threei}  -MNTA -4.5% (proposed secondary offering of 7.25M shares)
01[09:25] {@Threei}  -DKS -4% (earnings)
01[09:25] {@Threei}  -A -4% (earnings)
01[09:25] {@Threei}  -VOD -3.8% (earnings)
[09:26] {jfjf64} Mornin gents
01[09:26] {@Threei}  jf :)
[09:30] {nemo} HD
01[09:31] {@Threei} Long Setup:  SLW  20 break
01[09:32] {@Threei}  If holds  .95
01[09:33] {@Threei}  1:1
01[09:34] {@Threei}  1:2
[09:35] {jfjf64} Ty
01[09:35] {@Threei}  yw
01[09:35] {@Threei} Long Setup:  FB  .30 break
01[09:35] {@Threei}  late
[09:35] {chasj} thank you
01[09:35] {@Threei}  yw
[09:36] {jfjf64} Wmt lod break
01[09:36] {@Threei}  valid again
01[09:36] {@Threei}  If holds  .20
[09:36] {jfjf64} Invalid
01[09:38] {@Threei}  1:1
[09:41] {jfjf64} Wmt valid
[09:41] {jfjf64} .75 break
[09:42] {jfjf64} 1:1
01[09:42] {@Threei}  1:2
[09:43] {jfjf64} Out fb
[09:43] {jfjf64} Ty
01[09:44] {@Threei}  yw
01[09:44] {@Threei}  1:3
[09:45] {jfjf64} 1:2
[09:45] {jfjf64} Wmt
01[09:45] {@Threei}  wtg
[09:45] {jfjf64} Out
[09:46] {jfjf64} Shit
01[09:59] {@Threei} Long Setup:  WMT  .30 break
01[09:59] {@Threei}  If holds  .20
[10:00] {nemo} two way perhaps
[10:00] {jfjf64} Think bounce
01[10:01] {@Threei}  change to .20 break
01[10:01] {@Threei}  If holds  .15
01[10:04] {@Threei}  meh
[10:09] {jfjf64} Jpm
[10:09] {jfjf64} Bounce
[10:09] {jfjf64} ?
01[10:10] {@Threei}  no clear setup
[10:10] {jfjf64} Fb hittin support
[10:11] {jfjf64} .20
01[10:19] {@Threei} Long Setup:  MCD  98 break
01[10:19] {@Threei}  If holds  .90
[10:20] {nemo} banks are so strong
[10:21] {jfjf64} Yes watchin
[10:21] {jfjf64} Wfc
[10:25] {drewj} Vad if I get into a trade a little late, say 2 or 3 cents should I move my stop up the same amount to keep at 10 cents or continue to use your stop level?
01[10:27] {@Threei}  stop is determined by a chart configuration,
01[10:27] {@Threei}  which doesn't change with your entry
[10:28] {drewj} ok
01[10:33] {@Threei}  1:1
01[10:44] {@Threei}  1:2
01[10:44] {@Threei}  Comments by French ECB board member Coeurhave sent European stocks through the roof this morning. Coeur said the ECB would front-load its QE purchases because of the seasonal lack of liquidity in the summer, and asserted that the move was not a reaction to recent market conditions.
[10:44] {jfjf64} Comon micky
01[10:44] {@Threei}  Warren Buffet's favorite US housing market indicator, housing starts, rose in April to its highest level since November of 2007. Starts jumped more than 20% sequentially to 1.135 million, for the biggest m/m gain in 25 years. Starts for single-family homes hit their highest level since January 2008.
01[10:45] {@Threei}  Shares of retail titan Walmart are down nearly 4% after the firm missed revenue expectations in its first-quarter report. EPS was in-line, while comps were pretty soft and the firm's guidance for second quarter was subpar. Home Depot beat expectations and raised its FY forecast, however moderate gains in the stock are all but evaporated mid morning.
[10:47] {jfjf64} Hod mcd
[11:04] {jfjf64} Vg you still in mcd
01[11:04] {@Threei}  yes
01[11:05] {@Threei}  1:3
[11:05] {jfjf64} Nice
[11:05] {jfjf64} Took 1:2
[11:05] {jfjf64} Ty
01[11:06] {@Threei}  yw
01[11:09] {@Threei} Long Setup:  VXX  .30 break
01[11:09] {@Threei}  If holds  .25
01[11:17] {@Threei}  Invalidated
01[11:23] {@Threei}  1:4 MCD
01[11:23] {@Threei}  out
[11:25] {jfjf64} gj chief
01[11:27] {@Threei}  :)
[11:41] {jfjf64} You like bounce here fb
01[11:44] {@Threei}  oullback ynder .90 for double bottom, and I will
01[11:44] {@Threei}  p
01[11:44] {@Threei}  and u
01[11:44] {@Threei}  lol
01[11:46] {@Threei} Long Setup:  FB  .90 break
01[11:46] {@Threei}  If holds  .80
[11:54] {jfjf64} Cmon
[11:54] {jfjf64} Off low
[11:54] {jfjf64} Bounce
[11:55] {jfjf64} .80 support
[11:55] {jfjf64} And lod
[11:55] {jfjf64} Help
[12:01] {jfjf64} What ya think
[12:01] {jfjf64} I'm sorry ya don't think
01[12:01] {@Threei}  I don't
[12:01] {jfjf64} Lol
[12:01] {jfjf64} Tighten stop
[12:01] {jfjf64} We cant
[12:02] {jfjf64} 80 strong line
[12:04] {jfjf64} Half out me
[12:05] {jfjf64} Wonderful
[12:05] {jfjf64} Nice recovery
[12:06] {jfjf64} You with me
01[12:06] {@Threei}  1:1
01[12:06] {@Threei}  yes
[12:06] {jfjf64} K
[12:07] {jfjf64} Thought ya fell sleep
[12:08] {nemo} I took .84
[12:08] {nemo} saw that big volume bar
01[12:08] {@Threei}  I did, but how being asleep prevents you from trading?
[12:11] {nemo} my stop is .93
[12:15] {jfjf64} Use .91 nemo
[12:15] {jfjf64} My thoughts
[12:15] {nemo} see support @.95
[12:16] {jfjf64} Have it at .92
[12:16] {nemo} oh yeah, your moving average
[12:16] {nemo} I was looking at price support
[12:17] {jfjf64} Na pivot
[12:17] {jfjf64} Ma .96
[12:17] {nemo} that's .83
[12:17] {jfjf64} How is on first
[12:17] {jfjf64} Who
[12:17] {nemo} Pivot is 80.83
[12:18] {jfjf64} .91
[12:18] {jfjf64} Floor traders pivots 80.92
[12:18] {jfjf64} Bounces off it
[12:19] {nemo} from where are u calculating that?
[12:19] {jfjf64} They r auto on my charts ninja
[12:19] {jfjf64} Floor trader pivots
[12:19] {jfjf64} Amazing
[12:20] {jfjf64} R u still in
[12:20] {nemo} I use Freestockcharts
[12:20] {nemo} no out
[12:20] {jfjf64} Ahh
[12:20] {nemo} it hit your stop too
[12:21] {drewj} Got to go guys...taking daughter to the doctor.
[12:21] {drewj} Have a good rest of the afternoon.
[12:21] {jfjf64} Have good day drew
[12:21] {drewj} Ty
01[12:21] {@Threei}  take care drew
[12:21] {drewj} See ya
[12:22] {jfjf64} Vg good mornin
[12:22] {jfjf64} 4 winners
[12:22] {jfjf64} 1 5 cent stop
[12:25] {jfjf64} Like this hlf long here
[12:26] {jfjf64} I don't know why
[12:31] {jfjf64} Going to lunch
01[13:50] {@Threei} Long Setup:  FB  81 break
01[13:50] {@Threei}  If holds  .90
[13:59] {jfjf64} .95
[13:59] {jfjf64} Long
[14:00] {jfjf64} ?
01[14:02] {@Threei}  ?
[14:03] {jfjf64} Fb nice pullbk
[14:03] {jfjf64} Seein if you agreed .95 break
01[14:03] {@Threei}  sure
01[14:03] {@Threei}  if I like 81, .95 is simply aggressive entry
[14:04] {jfjf64} Ya 81 never triggered did it
[14:09] {jfjf64} Airlines all in dumpster
[14:10] {jfjf64} Twtr
[14:10] {jfjf64} Push
01[14:14] {@Threei}  1:1
[14:14] {jfjf64} Twtr s .60
[14:14] {jfjf64} Break
[14:15] {jfjf64} Invalid
[14:18] {nemo} less than 40 mil spy
[14:19] {jfjf64} .70 s
[14:22] {jfjf64} 1:2 fb
[14:22] {jfjf64} Ty
[14:22] {jfjf64} No go twtr
01[14:23] {@Threei}  1:2
[14:29] {jfjf64} Twtr rinsed me
[14:29] {jfjf64} I'm pissed
01[14:35] {@Threei}  no news
01[14:37] {@Threei}  ugh
01[14:38] {@Threei}  was looking at .10 VXX
[14:38] {jfjf64} Look fb
[14:38] {jfjf64} .92 that support earlier
[14:41] {jfjf64} Google brings tweets to google search mobile
[14:42] {jfjf64} Twtr partners with google
[14:46] {jfjf64} Mcd
[14:46] {jfjf64} Double top
[14:46] {jfjf64} ?
[14:46] {jfjf64} Boy that went up all day
01[14:46] {@Threei}  or break
01[14:46] {@Threei}  can't tell
[14:46] {jfjf64} 50/50
[14:47] {jfjf64} Lol
01[14:49] {@Threei} Short Setup: FB  .90 break
01[14:49] {@Threei}  If holds  81
[14:53] {jfjf64} Twtr .30 break
[14:56] {jfjf64} 1:1
[14:59] {jfjf64} Question if ya buying 1000 shares of say Twtr do you buy 1000 one shot or 500/500 ?
[15:00] {jfjf64} I realize all situation diff of course
[15:01] {jfjf64} But wondering
01[15:01] {@Threei}  if I just buy a certain trigger, 1000
01[15:01] {@Threei}  why would I break it?
[15:01] {jfjf64} That's what I do
[15:01] {jfjf64} 1000 one shot
01[15:01] {@Threei}  half and half may make sense sometimes, but those are very specific situations
01[15:02] {@Threei}  for instance, half aggressively and add half on a break
[15:02] {jfjf64} I lk that
01[15:04] {@Threei}  1:1
[15:05] {jfjf64} Very nice
[15:06] {jfjf64} .74 lod
[15:10] {jfjf64} .69.next support
[15:11] {jfjf64} Need spy b down .79
01[15:11] {@Threei}  1:2
[15:12] {jfjf64} Or not
[15:12] {jfjf64} .51 here we come
01[15:13] {@Threei}  1:3
[15:15] {jfjf64} Where trail .73
01[15:15] {@Threei}  .71
01[15:15] {@Threei}  done
01[15:15] {@Threei}  ending beautiful day on this
01[15:15] {@Threei}  thanks guys, see you tomorrow
[15:15] {jfjf64} Nice job
[15:16] {jfjf64} 6 wins
[15:16] {jfjf64} Nice day
[15:16] {jfjf64} Go relax take some pictures
01[15:16] {@Threei}  :)

May 18 2015

As customary of late - nice profitable morning, back and forth afternoon. Couple juicy wins made the day, finished with scalp too.


Session Time: Mon May 18 00:00:00 2015
[09:03] {chasj} Great to be back, had to travel and take care of some family business.
01[09:04] {@Threei}  morning chas
01[09:04] {@Threei}  was a decent week
[09:04] {chasj} Missed some good early morn trades
01[09:05] {@Threei}  that's OK... we will get more
[09:08] {drewj} gm
01[09:08] {@Threei}  drew :)
01[09:30] {@Threei}  (GR) Reportedly EU Commission to offer Greece a compromise deal
01[09:31] {@Threei} Long Setup:  IWM  .35 break
01[09:32] {@Threei}  Invalidated
01[09:32] {@Threei} Long Setup:  FB  .50 break
01[09:32] {@Threei}  If holds  .40
01[09:33] {@Threei}  change to .40 break
01[09:33] {@Threei}  If holds  .30
01[09:34] {@Threei}  1:1
[09:36] {jfjf64} Baba s lod
01[09:36] {@Threei} Long Setup:  IWM  .35 break
01[09:36] {@Threei}  If holds  .25
01[09:37] {@Threei}  1:1
01[09:38] {@Threei}  1:2
01[09:42] {@Threei}  1:3
01[09:42] {@Threei}  closed
[09:42] {jfjf64} Ty
[09:43] {chasj} missed it had a tel call
01[09:47] {@Threei}  you guys need to turn your phones off for the first 30 min
[09:47] {nemo} huh?
01[09:47] {@Threei}  this must be 5th time I see "phone call, missed a trade" over last couple weeks at thwe open
[09:48] {drewj} long CAT?
01[09:48] {@Threei} Long Setup:  FB  .60 break
01[09:48] {@Threei}  If holds  .50
[09:49] {drewj} JPM hod
01[09:51] {@Threei}  1:1
01[09:53] {@Threei}  1:2
[09:55] {chasj} no phone call ty
01[09:55] {@Threei}  :)
01[09:56] {@Threei} Long Setup:  CAT  .80 break
01[09:56] {@Threei}  If holds  .70
01[09:57] {@Threei}  Upside:
01[09:57] {@Threei}  -ANN +22% (agreed to be acquired by Ascena Retail Group for $47/shr)
01[09:57] {@Threei}  -DRRX +12% (positive results from DUR-928 Phase 1 study)
01[09:57] {@Threei}  -ASNA +8% (acquiring ANN for $47/shr)
01[09:57] {@Threei}  -ALTR +6% (CNBC's Faber says principal-to-principal talks between Intel/Altera last week)
01[09:57] {@Threei}  -CMGE +3% (received nonbinding proposal for acquisition at $21.50/shr)
01[09:57] {@Threei}  -PENN +2.6% (positive broker commentary)
01[09:57] {@Threei}  -PBR +2.2% (earnings momentum)
01[09:57] {@Threei}  -OCN +2.2% (in talks related to lending agreement)
01[09:57] {@Threei}  Downside:
01[09:57] {@Threei}  -EBIO -75% (release of Phase 3 results for EBI-005)
01[09:57] {@Threei}  -CHA -3% (CHU plans to but mobile data prices by 20%)
01[09:57] {@Threei}  -JASO -2.9% (earnings)
01[09:57] {@Threei}  -ESLT -1.7% (earnings)
01[10:00] {@Threei}  *(US) MAY NAHB HOUSING MARKET INDEX: 54 V 57E
01[10:02] {@Threei} Long Setup:  MCD  .95 break
01[10:02] {@Threei}  If holds  .85
01[10:04] {@Threei}  Invalidated
[10:05] {jfjf64} Gmcr s lod .65
01[10:06] {@Threei}  change MCD to .80 break
01[10:06] {@Threei}  If holds  .70
01[10:08] {@Threei}  no go
[10:10] {nemo} relative volume already so low today
01[10:14] {@Threei} Short Setup: TWTR  .25 break
01[10:14] {@Threei}  If holds  .35
06[10:19] * @Threei hits TWTR over the head with 2x4
01[10:20] {@Threei}  1:1
01[10:23] {@Threei}  [MU] Hearing chatter Intel may have recently had informal discussions with Micron about potential for merger **NOTE: A report earlier today said Intel had resumed merger talks with Altera
[10:25] {jfjf64} Out ful gmcr total 32 cents
01[10:25] {@Threei}  nice
[10:25] {jfjf64} Fb
[10:25] {jfjf64} ?
01[10:26] {@Threei}  pullback .50 would be nice
01[10:28] {@Threei}  CAT stop to .74
[10:31] {jfjf64} Altr watch
[10:31] {jfjf64} 48 break
01[10:32] {@Threei}  half out CAT
01[10:32] {@Threei}  stop to .79
[10:32] {jfjf64} Swks watch
[10:36] {jfjf64} That Fb didn't pullbk for us
01[10:37] {@Threei}  oh well
01[10:46] {@Threei}  1/4 more out CAT
01[10:46] {@Threei}  finally woke up
[10:54] {jfjf64} .60 l fb
[10:54] {jfjf64} Hold .50
[10:54] {jfjf64} Invalid
[10:55] {jfjf64} .50
01[10:55] {@Threei} Long Setup:  FB  .50 break
01[10:55] {@Threei}  If holds  .40
[10:55] {jfjf64} Let's go fb
[10:59] {jfjf64} Spy movin
[11:00] {jfjf64} AAPL movin
[11:01] {jfjf64} Movin stop lose up .44
[11:07] {jfjf64} I will renter 50 break
[11:09] {jfjf64} Spy hod
01[11:14] {@Threei}  1:1
[11:16] {jfjf64} Gmcr .42 long
[11:22] {jfjf64} 1:2 fb vg
[11:22] {jfjf64} Ya sleepin
[11:22] {drewj} He must be on the phone :)
[11:22] {jfjf64} Yes
[11:23] {drewj} jf what type of scanner do you use for finding HOL and LOD?
01[11:23] {@Threei}  lol
01[11:23] {@Threei}  1:2
[11:24] {jfjf64} I use trade ideas scanner
[11:24] {drewj} ok
[11:24] {drewj} ty
[11:24] {jfjf64} My charts ninja have hod lod on them
01[11:24] {@Threei}  1:3
[11:24] {jfjf64} Go fb
[11:24] {jfjf64} Go gmcr
[11:26] {jfjf64} Out gmcr
[11:26] {jfjf64} + .18
01[11:31] {@Threei}  Both the DJIA and S&P500 are points away from recent all-time highs this morning. Trading volumes are lighter and the action has been pretty choppy. US and European government bond yields moved higher this morning, with the UST 10-year yield gaining more than seven basis points to trade 2.216%.
[11:49] {jfjf64} For slow mkt profitable
[11:49] {jfjf64} Nice job
01[11:49] {@Threei} Short Setup: CAT  .80 break
01[11:49] {@Threei}  If holds  .90
01[11:57] {@Threei}  Invalidated
01[11:58] {@Threei} Short Setup: FB  81 break
01[11:58] {@Threei}  If holds  .10
01[12:00] {@Threei} Short Setup: AIG  .80 break
01[12:00] {@Threei}  If holds  .90
01[12:06] {@Threei}  no go FB
[12:12] {chasj} AIG still valid?
01[12:14] {@Threei}  yes
[12:14] {chasj} ty
01[12:22] {@Threei} Short Setup: JPM  .25 bresk
01[12:22] {@Threei}  If holds  .33
01[12:23] {@Threei}  just a scalp most likely
01[12:26] {@Threei}  Invalidated  AIG
01[13:01] {@Threei}  no go
01[13:01] {@Threei}  random time
01[13:01] {@Threei}  be back in an hour
[13:57] {chasj} Got closed out of chat room, but see no conversation can anyone confirm they read me
01[13:58] {@Threei}  yes
[13:58] {chasj} ty
01[14:01] {@Threei}  from this Fri: https://www.facebook.com/VadymGraiferPhotography/posts/841771315902385
01[14:02] {@Threei}  by now attracted 20.5 thousand views
01[14:16] {@Threei} Long Setup:  VXX  .55 break
01[14:16] {@Threei}  If holds  .50
01[14:36] {@Threei}  Invalidated
01[14:39] {@Threei} Long Setup:  FB  .20 break
01[14:39] {@Threei}  If holds  .10
[14:56] {jfjf64} Did I miss anything vg
01[14:56] {@Threei}  no, invalidated setups
01[15:04] {@Threei} Long Setup:  FB  ..05 break
01[15:04] {@Threei}  If holds  .95
01[15:16] {@Threei}  1:1
[15:18] {jfjf64} Hod here we come
[15:19] {jfjf64} Wouldn't that be wonderful
01[15:21] {@Threei}  quite possible too
[15:21] {jfjf64} I think
[15:22] {jfjf64} 20 break sd get some pop
[15:32] {chasj} Vad ty, See you tomorrow
01[15:33] {@Threei}  take care chas
[15:35] {jfjf64} 20k views fb
[15:35] {jfjf64} Nice vg
01[15:35] {@Threei}  people love orcas
[15:36] {drewj} Thanks Vad
01[15:36] {@Threei}  yw
[15:36] {nemo} I like orcas eating people
[15:36] {drewj} Have a good afternoon
01[15:36] {@Threei}  haven't seen that nemo
01[15:36] {@Threei}  but lucky observers did see them eating seals
01[15:41] {@Threei}  ok guys, ending on htis
01[15:41] {@Threei}  see you tomorrow

Market Week Wrap-up

TradeTheNews.com  Weekly Market Update: Turbulent Markets Draw More Stimulus, May Delay Fed Liftoff
Fri, 15 May 2015 17:03 PM EST

Equities wove in and out of negative territory this week and bond markets were choppy, even as the DJIA and S&P500 quietly tested all-time highs. China started the week off with more stimulus - the PBoC cut rates for the third time since November. The US April retail sales and industrial production reports were quite soft, lending ammunition to participants saying the Fed would not be raising rates this summer. ECB President Draghi dismissed criticisms of his €1.1 trillion QE program on Thursday, reiterating that the ECB would buy the full allotment under the program and insisting that the plan would help prepare the Eurozone for higher rates. Greece made minor concessions to its partners on asset sales, but little movement is apparent in negotiations. For the week, the DJIA edged up 0.4%, the S&P500 added 0.3% and the Nasdaq rose 0.9%.

There were two April US economic reports with disappointing numbers but positive revisions to the March data: advance retail sales and industrial production. Retails sales were pretty weak, with total sales and the control group (which feeds into the GDP reading) unchanged, widely missing expectations. Meanwhile, the March headline sales figure was revised from 0.9% to 1.1% and the control was revised from 0.3% to 0.5%. Sales in April were curbed by declines in big-ticket receipts such as autos, furniture, electronics and appliances. The Atlanta Fed lowered its GDPnow rolling Q2 GDP forecast to 0.7% from 0.8% in the wake of the retail sales data. Likewise, industrial production was lower than expected, but the March report was raised to -0.3% from -0.6%. The University of Michigan consumer sentiment index on Friday also disappointed, registering its lowest reading since October and showed inflation expectations are rising.

The doves were out for the Fed this week with Dudley and Williams reiterating data dependence and cautioning again that global markets are sure to have some reaction when Fed rate lift off occurs. Williams also said he agrees with the sentiment expressed by Chair Yellen that equity valuations are quite high.

Negotiations between Greece and its European creditors went nowhere again this week. On Tuesday, Greece made its latest debt payment to the IMF on time, however Athens used €650M in funds from its own IMF account to help meet the €750M obligation, underlining the depth of the nation's cash crunch. First quarter GDP data revealed that the economy has already returned to recession. Finance Minister Varoufakis stepped up his war of words with Eurozone policymakers, saying he wished his country still had the drachma and warning he would not sign any bailout plan that would send his country into a "death spiral."

A return to GDP growth in France and Italy in Q1 helped boost eurozone economic growth in Q1 to +0.4% over the prior quarter and +1.0% on an annualized basis, its best rate in years. As of Q1, all the major eurozone economies are growing, cementing hopes for a real economic recovery. The caveat was Germany, where Q1 GDP was only +0.3% q/q, missing expectations for +0.7% growth. In the UK, the Bank of England cut its 2015 growth forecast from 2.9% to 2.5%, and 2016 from 2.9% to 2.6%, citing higher interest rates, stronger GBP and weaker productivity. EUR/USD took another leg up on the better data, rising from lows of 1.1140 to test three-month highs around 1.1450 on both Thursday and Friday. Traders note that after trading down five big figures from 1.1000 to 1.0500 in the first two months of the year, EUR/USD is making measured moves upward to test five big figures up from 1.000.

The bond selloff claimed victims in Asia this week, as a Japanese 10-year bond auction drew bids for 2.24x, the lowest in six years. Yields on German and US paper spiked again in the first half of the week, but appeared to reverse after testing some key technical levels. The 10-year UST touched 2.370% on Tuesday, its highest level since last November, but had dropped more than 20 basis points to trade around 2.15% on Friday. The 10-year bund peaked at 0.735% on Wednesday, but had dropped over ten basis points to 0.62% by Friday. Analysts continue to argue over the causes, with many citing poor liquidity and the stampede out of long positions as the best candidate for the moves in yields.

Shares of major US retailers lost ground this week after the April retail sales report and some mixed-to-poor quarterly reports. The biggest loser was Kohls, with shares off nearly 14% on the week after the firm missed revenue expectations, after reporting tepid comp growth and refraining from offering guidance. Fellow department store name Macys lost ground after missing both top- and bottom-line expectations and seeing comps go negative.

Cisco reported a modest y/y gain in revenue in its third quarter, with both earnings and revenues just a hair above expectations. The firm's fourth-quarter guidance was right in line. In his last quarterly conference call as CEO, John Chambers addressed emerging technologies head on, claiming that Cisco was slimming teams and speeding up development to compete with software-defined networking startups. Chambers also shot down rumors that Cisco was considering a takeover approach for security specialist FireEye.

By a narrow margin, DuPont investors rejected Nelson Peltz's attempt to get on the board at the annual meeting, the first failure for an activist campaign mounted by Trian Fund Management. The outcome was a victory for DuPont Chairman and CEO Kullman, who refused to settle the proxy fight by giving a board seat to Peltz. Trian had splitting DuPont into two companies.

China continues to ramp up its stimulus. Over the weekend, the PBoC cut key rates for the second time this year. The easing - a 25bp cut in deposit and lending rates to 2.25% and 5.10%, respectively - was expected after the downbeat trade numbers last week. The cut was further justified by April industrial production data missing expectations by a tenth of a percent, and retail sales also disappointing and touching a multi-year low (at +10%). Money supply and credit figures were similarly worrisome, as M2 slowed to a record low of 10.1% and new loans missed expectations by over CNY100B at just over CNY700B, a 4-month low. Expectations for steady easing helped the Shanghai Composite to another 2.4% rise for the week, despite the profit-taking on Friday attributed to strong demand for a new batch of IPOs.

May 15 2015

Same market, same scenario - positive day, mostly done in the morning. Afternoon trading is for the most part is random.


Session Time: Fri May 15 00:00:00 2015
[09:05] {drewj} gm
01[09:05] {@Threei}  drew :)
01[09:29] {@Threei}  people refuse to wake up
[09:29] {cosmo} May showers bring June flowers...hmm
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -BSQR +35% (earnings)
01[09:30] {@Threei}  -OSUR +11.2% (momentum)
01[09:30] {@Threei}  -TRIL +11% (positive broker commentary)
01[09:30] {@Threei}  -AMAT +4% (earnings)
01[09:30] {@Threei}  -NFLX +3.2% (rumors that the company entering Chinese market with a media company backed by Jack Ma)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -LOCO -13% (earnings)
01[09:30] {@Threei}  -KING -8.3% (earnings)
01[09:30] {@Threei}  -GMCR -6% (Keurig Kold presentation)
01[09:30] {@Threei}  -WB -4% (earnings)
01[09:32] {@Threei} Long Setup:  FB  .20 break
01[09:32] {@Threei}  If holds  .10
01[09:32] {@Threei}  1:1
01[09:33] {@Threei}  1:2
[09:33] {jfjf64} Missed it
[09:33] {jfjf64} Grr
[09:33] {jfjf64} Fb
[09:33] {jfjf64} ?
01[09:33] {@Threei}  because slept in
01[09:33] {@Threei}  yes
[09:34] {jfjf64} On phone bank
01[09:39] {@Threei} Long Setup:  IWM  .50 break
01[09:39] {@Threei}  If holds  .40
01[09:40] {@Threei}  change to .45
01[09:41] {@Threei}  Invalidated
[09:43] {jfjf64} Fb bounce
01[09:45] {@Threei} Long Setup:  IWM  .10 break
01[09:45] {@Threei}  If holds  123
[09:46] {jfjf64} 1:1
[09:48] {jfjf64} 1:2
01[09:49] {@Threei}  1:2
01[09:49] {@Threei}  love it when they skip 1:1
[09:49] {jfjf64} 1:3 fb
01[09:50] {@Threei}  wtg
[09:50] {jfjf64} Yes
[09:50] {jfjf64} Ty
[09:50] {jfjf64} Fb got to pay me also in am
[09:50] {jfjf64} Car break
[09:50] {jfjf64} Hod
[09:50] {jfjf64} Lov chart
[09:51] {jfjf64} 30 min orb
[09:52] {jfjf64} Fb done
[09:56] {jfjf64} Mkt looks lower
01[09:59] {@Threei} Long Setup:  MCD  .65 break
01[10:00] {@Threei}  *(US) MAY PRELIMINARY UNIVERSITY OF MICHIGAN CONFIDENCE: 88.6 V 95.9E
01[10:12] {@Threei}  1:1
[10:14] {jfjf64} Car watch
01[10:21] {@Threei}  1:2
[10:21] {jfjf64} Nice mcd
[10:22] {jfjf64} .95 hod
[10:23] {jfjf64} Same pattern we had think. Mon tue
[10:23] {jfjf64} Mcd
[10:23] {jfjf64} Broke hod
01[10:24] {@Threei}  1:3
[10:24] {jfjf64} Trail.86
[10:25] {jfjf64} ?
01[10:26] {@Threei}  .84
[10:26] {jfjf64} Ty
[10:27] {jfjf64} Think Nemo goes out on Thursday nights
[10:27] {jfjf64} Ladies night
[10:30] {jfjf64} Me out
[10:30] {jfjf64} Ty
01[10:30] {@Threei}  yw
[10:34] {jfjf64} Car again
01[10:39] {@Threei} Long Setup:  FB  .20 break
01[10:39] {@Threei}  If holds  .10
01[10:48] {@Threei}  no go
[10:52] {jfjf64} Mcd hod
01[11:01] {@Threei}  wow
[11:01] {jfjf64} Big mac
[11:02] {jfjf64} Extra cheese
[11:03] {jfjf64} And bacon
01[11:03] {@Threei}  MCD Ticking higher on chatter of activist interest- Trian (Peltz) rumored as interested in pushing for REIT spinoff
[11:04] {jfjf64} Splk
[11:05] {jfjf64} 71 break
[11:10] {jfjf64} Short here mcd
[11:10] {jfjf64} .85
[11:16] {jfjf64} Out mcd
[11:17] {jfjf64} Ya take that vg
01[11:18] {@Threei}  no
01[11:21] {@Threei} Long Setup:  FB  .60 break
01[11:21] {@Threei}  If holds  .50
[11:25] {jfjf64} Cbi
[11:25] {jfjf64} Flyin
[11:26] {jfjf64} 55.75
[11:26] {jfjf64} Short
[11:26] {jfjf64} 300 shares
[11:27] {jfjf64} Nope
[11:38] {jfjf64} Going to lunch vg
[11:38] {jfjf64} Mcd of course
01[12:06] {@Threei} Short Setup: MCD  98 break
01[12:06] {@Threei}  If holds  .10
01[12:08] {@Threei} Short Setup: FB  .50 break
01[12:08] {@Threei}  If holds  60
01[12:15] {@Threei}  (close enough)
01[12:15] {@Threei}  1:1  FB
01[12:22] {@Threei}  1:1  MCD
01[12:33] {@Threei}  1:2  FB
01[12:38] {@Threei}  new low
[12:39] {nemo} what?  in your sense of humor?
01[12:39] {@Threei}  no, that was reached long ago
01[12:39] {@Threei}  rock bottom
[12:50] {nemo} V could dribble to .20ish
01[13:02] {@Threei} Long Setup:  FB  .45 break
01[13:02] {@Threei}  If holds  .35
01[13:13] {@Threei}  no go
01[13:16] {@Threei}  be back in 45
01[14:13] {@Threei}  "The fact that there's a highway to hell and only a stairway to heaven says a lot about anticipated traffic numbers."
[14:14] {jfjf64} What up boys
01[14:14] {@Threei}  not much
[14:14] {drewj} Feeling negative Vad?
01[14:14] {@Threei}  but looking
01[14:14] {@Threei}  me? no
01[14:15] {@Threei}  realistic {G}
01[14:15] {@Threei}  as russian saying goes...optimists study Enlgish, pessimists - Chinese, realists - AK-47
[14:16] {drewj} wow
01[14:17] {@Threei}  can't tell up or down]
01[14:17] {@Threei}  too random
[14:20] {jfjf64} Fb like short .45 break
01[14:20] {@Threei}  ok... VXX
[14:20] {jfjf64} 5 cent stop
01[14:20] {@Threei} Long Setup:  VXX  .20 break
01[14:20] {@Threei}  If holds  .15
[14:24] {jfjf64} 1:1 fb
01[14:36] {@Threei}  VXX useless
[14:38] {jfjf64} Twx 15
[14:39] {drewj} Where has dino been vad?
01[14:39] {@Threei}  golf trip till Wed
01[14:39] {@Threei}  he takes those now and then
[14:39] {drewj} I'm terrible at golf
[14:39] {drewj} too slow
01[14:40] {@Threei}  however terrible you are, you sure are better than I am
[14:40] {drewj} it's like an expensive walk through a park
[14:40] {drewj} that's hard to do vad
01[14:40] {@Threei}  to be better than me at golf? not at all
01[14:41] {@Threei}  you just need to play it once
[14:41] {drewj} we should try it while drinking
01[14:41] {@Threei}  let's just drink
[14:41] {drewj} maybe our scores would improve
01[14:41] {@Threei}  I am happy to have them where they are
[14:42] {drewj} lol
[14:42] {drewj} I don't care either
01[14:42] {@Threei}  I prefer to remain good at what I do well
01[14:43] {@Threei}  you try my shashlyk once, you will wilt and die if you can't get it again
[14:43] {drewj} going to have to google that word
01[14:43] {@Threei}  http://en.wikipedia.org/wiki/Shashlik
[14:43] {drewj} actually I had kabobs in Canada
[14:44] {drewj} I love that kind of food
01[14:44] {@Threei}  many think they tried it... until they try mine
[14:44] {drewj} these look better than the one's I got in Niagara though
[14:44] {drewj} so you're humble about your cooking skills then?
01[14:45] {@Threei}  when ese is back in the room, you ask him about those
[14:45] {drewj} I'm going to try and make these...they look really good
[14:46] {drewj} OK
[14:46] {drewj} Is he persian or just a good cook?
[14:46] {drewj} or both
01[14:46] {@Threei}  he tried mine
[14:46] {drewj} and
[14:46] {drewj} let me guess
[14:46] {drewj} yours were awesome
01[14:46] {@Threei}  well... you ask him, you'll know how good cook I am :)
[14:47] {drewj} I'm sure you are great
01[14:47] {@Threei}  we have this annual gathering at my backyard
01[14:47] {@Threei}  guy starts asking about next time 11 months before it :)
[14:47] {drewj} and you serve them?
01[14:47] {@Threei}  yup
[14:47] {drewj} impressive
[14:47] {drewj} my bbq specialty is ribs
01[14:48] {@Threei}  I smoke them
[14:48] {drewj} ribs?
01[14:48] {@Threei}  yup
01[14:48] {@Threei}  4-6 hours
[14:48] {jfjf64} My fav beef short ribs
[14:48] {drewj} I do low temp oven for half a day
[14:48] {drewj} right
[14:49] {drewj} I put brown sugar and hot sauce in bbq and smother them all day long
[14:49] {drewj} good stuff
[14:50] {jfjf64} Sounds great
[14:51] {jfjf64} Bbby s under 73
[14:52] {jfjf64} Out twx
01[14:57] {@Threei} Long Setup:  FB  .50 break
01[14:57] {@Threei}  If holds  .40
[14:57] {jfjf64} 1:1 bbby
[14:59] {jfjf64} 1:2
[14:59] {jfjf64} Ran to fast twx
01[15:12] {@Threei}  nah
01[15:25] {@Threei} Long Setup:  VXX  .15 break
01[15:26] {@Threei}  If holds  .05
[15:28] {drewj} Have a good weekend guys
[15:29] {drewj} Thanks for everything vad...
[15:29] {drewj} I'll try to make some kabobs soon
[15:29] {drewj} I'll let you know how they turn out!
01[15:30] {@Threei}  all kabobs are not created equal...
[15:31] {nemo} equally
01[15:32] {@Threei}  why
01[15:32] {@Threei}  they are not equal
[15:32] {nemo} adverb
[15:32] {nemo} modifies created
[15:32] {nemo} Boston Marathon bomber sentenced to death
01[15:32] {@Threei}  nope... I am modifying noon
01[15:33] {@Threei}  good
01[15:33] {@Threei}  as in, they are not equal
01[15:33] {@Threei}  noun
[15:34] {nemo} incorrect, you modified how they were created, which is an action, requiring an adverb
[15:34] {nemo} equal=adjective   equally=adverb
01[15:34] {@Threei}  your language is weird
[15:34] {nemo} tree rock fire, dude
01[15:35] {@Threei}  they were created, they came to be of a certain quality - I am trying to say that this quality differs
01[15:35] {@Threei}  not necessarily the process of creation
[15:35] {nemo} so what quality are you modifying?
01[15:36] {@Threei}  thus I am modifying "kabobs," not "created":
01[15:36] {@Threei}  taste
01[15:36] {@Threei}  texture
01[15:36] {@Threei}  chewiness
01[15:36] {@Threei}  whatever
[15:37] {nemo} you wanted to modify kabobs but that's not what your sentence structure did
[15:37] {nemo} trust me...I have a little bit of experience with the English language
01[15:39] {@Threei}  http://www.dailywritingtips.com/hypercorrecting-a-well-known-phrase/
01[15:39] {@Threei}  Using the adverb equally places the emphasis on the act of making; using the adjective equal places the emphasis on the quality of the thing that has been created.
01[15:39] {@Threei}  there :)
01[15:41] {@Threei}  or:
01[15:41] {@Threei}  Equally, as an adverb, modifies "created" - all men are created in the same manner. This is not the message that Jefferson wanted to leave us. Equal, as an adjective, modifies "men". So, from the time they are created, all men are the same.
01[15:54] {@Threei}  scratching VXX
01[15:54] {@Threei}  have a good weekend guy, see you Monday

May 14 2015

Finishing with a nice win and on a positive side, despite traditional mid-day lull


Session Time: Thu May 14 00:00:00 2015
01[09:27] {@Threei}  Upside:
01[09:27] {@Threei}  -ONTY +17% (ASCO abstract)
01[09:27] {@Threei}  -CTRP +13.5% (earnings)
01[09:27] {@Threei}  -PERY +12% (earnings)
01[09:27] {@Threei}  -SHAK +8.3% (earnings)
01[09:27] {@Threei}  -RNDY +8% (earnings)
01[09:27] {@Threei}  -DSCO +7.8% (ASCO abstract)
01[09:27] {@Threei}  -ISSI +7.6% (CY offered to acquire the company for $19.75/shr)
01[09:27] {@Threei}  -MT +7.5% (EU steel tariffs on US, Russia, Japan, China & Korea)
01[09:27] {@Threei}  -NTES +4.6% (earnings)
01[09:27] {@Threei}  -EYES +4.4% (earnings)
01[09:27] {@Threei}  -TNK +4% (earnings)
01[09:27] {@Threei}  -AKBA +4% (positive broker commentary)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -DGLY -16% (earnings)
01[09:27] {@Threei}  -PBYI -16% (ASCO abstract)
01[09:27] {@Threei}  -JONE -13% (registered 5M shares for selling holders)
01[09:27] {@Threei}  -GEVO -11% (priced 3.4M unit and warrant offering)
01[09:27] {@Threei}  -KSS -10% (earnings)
01[09:27] {@Threei}  -VIPS -6% (earnings)
01[09:27] {@Threei}  -FEYE -3% (Cisco shoots down M&A rumor on FEYE)
01[09:27] {@Threei}  -KSU -3% (withdrew guidance)
01[09:32] {@Threei} Long Setup:  FB  .90 break
01[09:32] {@Threei}  If holds  .80
01[09:33] {@Threei}  1:1
01[09:35] {@Threei} Long Setup:  DGLY  .35 break hl
01[09:36] {@Threei}  If holds  .25
01[09:37] {@Threei}  1:1
01[09:37] {@Threei}  questionale anyone could get it
[09:38] {jfjf64} Didnt
[09:41] {jfjf64} Watch jpm
01[09:41] {@Threei} Long Setup:  FB  79 break
01[09:42] {@Threei}  If holds  .90
01[09:43] {@Threei} Long Setup:  AIG  .10 break
01[09:43] {@Threei}  If holds  59
01[09:43] {@Threei}  no go FB
01[09:44] {@Threei}  Invalidated
01[09:47] {@Threei} Long Setup:  MCD  ,70 break
01[09:48] {@Threei}  If holds  .60
[09:52] {nemo} Draghi speaking today
[09:53] {jfjf64} Jpm puts 64 price on kss
01[09:54] {@Threei}  1:1
[09:56] {jfjf64} Ctrp hod break
01[09:58] {@Threei} Long Setup:  DAL  .20 break
01[09:58] {@Threei}  If holds  .10
[10:01] {jfjf64} Gmcr hod break
[10:06] {jfjf64} Boy fb strong
01[10:07] {@Threei}  double bottom on daily
[10:07] {jfjf64} Realy
[10:07] {jfjf64} Let me look
[10:09] {jfjf64} Yes sir
01[10:12] {@Threei} Long Setup:  FB  .60 break
01[10:13] {@Threei}  If holds  .50
01[10:13] {@Threei}  trail DAL to .14
01[10:13] {@Threei}  annoying
01[10:13] {@Threei}  1:1  FB
[10:14] {jfjf64} Yes
01[10:15] {@Threei}  1:2
[10:15] {jfjf64} Yes
01[10:16] {@Threei}  1:3
[10:16] {jfjf64} Yes
01[10:16] {@Threei}  half out DAL
01[10:16] {@Threei}  stop to .19
[10:17] {jfjf64} Trail79
[10:17] {jfjf64} ?
01[10:17] {@Threei}  yes
[10:20] {jfjf64} Nice trade
01[10:29] {@Threei} Short Setup: JPM  .90 break
01[10:29] {@Threei}  If holds  66
01[10:37] {@Threei}  stop to .96
01[10:50] {@Threei}  sheesh FB
[10:52] {nemo} NOW looks long
01[10:53] {@Threei}  I understand the urgency but what's the stock symbol?
[10:54] {nemo} NOW
[10:54] {nemo} ServiceNow Inc.  it broke
01[10:54] {@Threei}  sigh
01[10:54] {@Threei}  I'll keep my sense of humor to myself
[10:54] {nemo} you?  sense of humor?
01[10:55] {@Threei}  can you imagine?
[10:55] {jfjf64} Grrrrrrrrrr
[11:00] {jfjf64} Look that nice break 80 10
[11:00] {nemo} I was arguing with the pharmacist when FB first broke 79,10  and didn't take it
[11:04] {jfjf64} I was on phone with doctor demanding prescription / bad allergies
01[11:13] {@Threei} Short Setup: FB  .70 break
01[11:13] {@Threei}  If holds  .80
[11:16] {jfjf64} 80.41 next line
[11:16] {jfjf64} Let's go
01[11:16] {@Threei}  1:1
01[11:17] {@Threei}  JPM drops now
[11:18] {nemo} FB probably looking to thest 81.40
[11:18] {jfjf64} Chinese torture
[11:18] {jfjf64} Jpm
[11:18] {jfjf64} Looks like higher now
[11:21] {jfjf64} 80 break
[11:21] {jfjf64} ?
[11:21] {jfjf64} Hold 70
01[11:21] {@Threei}  not sure
01[11:21] {@Threei}  time is not right for this kind
[11:28] {nemo} LYB looks possible long
01[11:41] {@Threei} Long Setup:  VXX  .45 break
01[11:42] {@Threei}  If holds  .35
01[11:50] {@Threei}  let's get out with minimal loss
01[11:50] {@Threei}  doesn't looks right anymore
[11:59] {jfjf64} Avp long 7:10 300 shares
[12:01] {jfjf64} 7 stop
[12:01] {jfjf64} Ptg buyout chatter
[12:02] {jfjf64} Still in
01[12:03] {@Threei}  US equities are seeing strong gains this morning, with the DJIA within 100 points of all-time highs. Global bond markets have quieted down, with yields remaining subdued. Greece rhetoric remains opaque, with all sides repeating stale rhetoric, although Finance Minister Varoufakis raised eyebrows after suggesting that Greek debt repayments to the ECB be pushed into the "distant future."
[12:06] {nemo} XOP may be @bounce point
[12:12] {nemo} yeah, bounce point
[12:12] {nemo} jerky action though
[12:19] {jfjf64} AAPL breakout here
[12:19] {nemo} possible to close .25 gap tought time of day though
[12:20] {jfjf64} Mkt break
[12:23] {jfjf64} Comon aapl
01[12:25] {@Threei} Short Setup: FB  81 break
01[12:25] {@Threei}  If holds  .10
01[12:32] {@Threei}  change to .10 break
01[12:32] {@Threei}  If holds  .20
01[12:48] {@Threei}  nah
01[12:54] {@Threei}  [GM] Retiring director Isdell: turnaround process expected to take 10 years
01[12:54] {@Threei}  lol
02[12:56] * Disconnected
Session Close: Thu May 14 12:56:45 2015

Session Start: Thu May 14 12:56:45 2015
Session Ident: #discussions
02[12:56] * Attempting to rejoin channel #discussions
03[12:56] * Rejoined channel #discussions
[13:01] {jfjf64} Fb
[13:01] {jfjf64} Wow
[13:01] {nemo} #1 strong on algo all day
01[13:12] {Threei} Long Setup:  IWM  .75 break
01[13:12] {Threei}  If holds  .65
01[13:13] {Threei}  change to .70 break
[13:26] {jfjf64} Fb going to 82
01[13:28] {Threei}  1:1
[13:30] {jfjf64} Will look for entry short 82 area
[13:42] {jfjf64} Didn't get there
[13:42] {nemo} could make an argument for an IWM double top
01[13:43] {Threei} Long Setup:  FB  .50 break
01[13:44] {Threei}  If holds  .40
01[13:44] {Threei}  change to .40 break
01[13:45] {Threei}  1:1
[13:45] {jfjf64} Think ya nailed it
[13:47] {jfjf64} Tso keep eye on
[13:56] {nemo} Draghi speaks @ 2
[13:58] {nemo} FB probably bounces @ .30
[13:58] {nemo} but should be re shortable
01[14:00] {Threei}  BAH Selected by the US Army for "Express" Blanket Purchase Agreement (BPA)
01[14:06] {Threei} Long Setup:  JPM  .10 break
01[14:09] {Threei}  SPY taking .10 andf then .20 should send everything to the moon
01[14:15] {Threei}  let's do it SPY
01[14:15] {Threei}  one more push
[14:22] {jfjf64} Abt l .60
01[14:38] {Threei}  shrug
01[14:38] {Threei}  what's with sudden reversal
[14:52] {jfjf64} Shak break
[14:52] {jfjf64} Low
[14:53] {jfjf64} 68:50
01[14:56] {Threei} Short Setup: FB  .40 break
01[14:56] {Threei}  If holds  .50
[15:00] {jfjf64} I'm gonna run guys dr appt
[15:00] {jfjf64} Gn
01[15:26] {Threei} Long Setup:  IWM  .70 break
01[15:26] {Threei}  If holds  .60
01[15:36] {Threei}  change to .60
01[15:36] {Threei}  If holds  .55
01[15:50] {Threei}  half out
01[15:51] {Threei}  stop .59
01[15:53] {Threei}  1/4 more out
01[15:53] {Threei}  stop .64
01[15:56] {Threei}  2 min left
01[15:57] {Threei}  good boy
01[15:57] {Threei}  out +.18
01[15:57] {Threei}  have a good evening guys, see you tomorrow

May 13 2015

About flat day, activity died early. Good opening, as usual

Session Time: Wed May 13 00:00:00 2015

[09:14] {dino} gm
01[09:15] {@Threei}  dino :)
[09:27] {jfjf64} Mornin
01[09:27] {@Threei}  jf :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -WPZ +23+ (announced agreement to be acquired by Williams in $13.8B all-stock deal)
01[09:28] {@Threei}  -GEVO +20% (earnings)
01[09:28] {@Threei}  -VRTX +6% (momentum from FDA approval of lumacaftor/ivacaftor)
01[09:28] {@Threei}  -WMB +6% (WPZ deal)
01[09:28] {@Threei}  -PLL +5% (being acquired by DHR for $127.20/shr)
01[09:28] {@Threei}  -DHR +5% (acquiring PLL)
01[09:28] {@Threei}  -RENN +3% (earnings)
01[09:28] {@Threei}  -ZBRA +3% (earnings)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -VSLR -9% (earnings)
01[09:28] {@Threei}  -DD -6% (company won proxy contest with Trian)
01[09:28] {@Threei}  -RL -4% (earnings)
01[09:31] {@Threei} Long Setup:  FB  .80 break
01[09:31] {@Threei}  If holds  .70
01[09:31] {@Threei}  1:1
[09:31] {nemo} that was fast
01[09:32] {@Threei}  1:2
01[09:32] {@Threei}  1:3
01[09:32] {@Threei}  out
[09:33] {jfjf64} Nice mr fb
01[09:34] {@Threei} Short Setup: DAL  .75 break
01[09:34] {@Threei}  If holds  .85
01[09:34] {@Threei}  not yet
[09:35] {nemo} now me thinks
[09:35] {nemo} oil up
[09:36] {jfjf64} Uso watchin
[09:38] {jfjf64} AAPL s 70
[09:38] {jfjf64} Break
01[09:38] {@Threei}  DAL
01[09:38] {@Threei}  now
[09:38] {jfjf64} K
[09:39] {jfjf64} Oks break hod
[09:39] {nemo} it's riding vwap
[09:41] {dino} post drop
01[09:42] {@Threei}  no go
[09:43] {jfjf64} AAPL beast mode
[09:45] {jfjf64} Watchin dd breakdown
[09:46] {jfjf64} .65 break
[09:46] {dino} dd drop
[09:48] {jfjf64} Valud
[09:48] {dino} dd sm l .80
[09:49] {jfjf64} Good luck
[09:49] {jfjf64} Short didn't trigger
[09:50] {nemo} DAL
[09:51] {nemo} short .70
[09:51] {nemo} out above .80
[09:53] {jfjf64} .56 first line
[09:53] {nemo} stop to .70
[09:54] {nemo} VXX looks long
[09:55] {jfjf64} Breaks .56
[09:56] {nemo} stop .60 partialing here
[09:57] {jfjf64} Next line .35
[09:57] {jfjf64} Sorry.33
[09:57] {dino} out dd .84, +04
[09:58] {jfjf64} My lines good
[09:59] {jfjf64} Where ya stop nemo
[09:59] {jfjf64} 56
[09:59] {jfjf64} ?
[09:59] {nemo} .60
[09:59] {nemo} it could go back to vwap though
01[10:00] {@Threei}  *(US) MAR BUSINESS INVENTORIES: 0.1% V 0.2%E
[10:00] {dino} re-load dd sm l .80 stop lod
[10:00] {nemo} now stop to .55
[10:00] {jfjf64} Dd on watch .65 breakdown
[10:00] {jfjf64} Lol
[10:01] {jfjf64} Dino
[10:01] {dino} :)
[10:01] {dino} great minds
[10:01] {jfjf64} Watch bounce here nemo
[10:03] {jfjf64} F.  K
[10:04] {jfjf64} Missed rent
[10:04] {jfjf64} 30 min orb
[10:04] {jfjf64} Nice nemo
[10:04] {nemo} stop to .35
[10:05] {jfjf64} You don't partial
[10:05] {jfjf64} Correct
[10:05] {nemo} [09:57] {nemo} stop .60 partialing here
[10:06] {nemo} partialed .42
[10:07] {nemo} gonna' get out soon, figure whole number bounce but it will likely close the gap today
[10:07] {nemo} here's the open
[10:08] {nemo} well, opening low
[10:08] {jfjf64} 47.10 line
[10:08] {nemo} out
[10:09] {jfjf64} Nice nemo
[10:10] {jfjf64} Rax smashed
[10:14] {dino} gj nemo
[10:14] {nemo} dcc dino
[10:15] {nemo} arguably DAL short again here, but I'm gonna pass
[10:16] {jfjf64} Rax bounce here
[10:16] {dino} dd odd, just crawing along vwap
[10:16] {jfjf64} Avg .43 ish
01[10:18] {@Threei} Short Setup: AIG  .60 break
01[10:18] {@Threei}  If holds  .67
[10:21] {jfjf64} 44.75 next line rax
[10:29] {jfjf64} Out rax
[10:29] {jfjf64} Didn't partial
[10:32] {jfjf64} Uso little pop
[10:32] {nemo} oil news
01[10:33] {@Threei}  inventories
01[10:34] {@Threei}  1:1
[10:39] {jfjf64} Rax s lod
[10:39] {jfjf64} .26 break
[10:42] {jfjf64} Not my day
[10:55] {jfjf64} Ocr break hod
[11:06] {jfjf64} Vfc l 98
[11:10] {dino} not seeing much
01[11:18] {@Threei} Long Setup:  FB  78 break
01[11:18] {@Threei}  If holds  .90
01[11:21] {@Threei}  change to .85 break
01[11:21] {@Threei}  If holds  .75
01[11:30] {@Threei}  no go
01[11:30] {@Threei}  1 cent to 1:1
[11:31] {jfjf64} Weird mkt today
[11:31] {jfjf64} Nemo gets star for Mornin session
[11:36] {jfjf64} Missed another chart feye
[11:36] {jfjf64} 11:20 break
[11:39] {jfjf64} Like ocr little here
[11:40] {jfjf64} The 80 break
[11:43] {jfjf64} Will try feye break hod
01[11:50] {@Threei} Long Setup:  AIG  .80 break
01[11:50] {@Threei}  If holds  .70
[12:17] {nemo} I've decided the only thing golden about the golden years is urine
01[12:20] {@Threei}  half out
[12:21] {cosmo} drink more water nemo; it'll lighten up
01[12:21] {@Threei}  lol
[12:21] {dino} mine should be lighter tomorrow afternoon. golf trip
01[12:31] {@Threei}  LOL... get this
01[12:32] {@Threei}  paper published photo of Putin with aged image of a man in military uniform
01[12:32] {@Threei}  byline says "President shows photo of his dad killed in WW2"
01[12:33] {@Threei}  Putin was born in 1952
[12:40] {dino} roflol
01[12:42] {@Threei}  internet is full of jokes, like: Russian spy got all emotional and teary when recieved news about his wife giving birth to their sun. Last he saw her was 15 years ago
01[12:44] {@Threei} Short Setup: DAL  .10 break
01[12:44] {@Threei}  If holds  .20
[12:45] {dino} well, if it's on the internet, it must be true
01[12:45] {@Threei}  it's all a part of patriotic hysteria whipped up in Russia
[12:46] {dino} sure create a new reality
01[12:46] {@Threei}  I don't think I've seen such degree of nationalism and anti-west moods even in USSR times, at the peak of cold war
[12:48] {dino} well, thats the obummer re-set
01[13:02] {@Threei}  *(US) TREASURY'S $24B 10-YEAR BOND AUCTION DRAWS 2.237%; BID-TO-COVER RATIO: 2.72 V 2.62 PRIOR AND 2.66 AVG OVER THE LAST 3 AUCTIONS
01[13:02] {@Threei}  [GILD] Biotech blog highlights Senator Sanders (I-VT) calling to remove GILDs patent on Sovaldi to bring down its price
01[13:02] {@Threei}  hmmm
01[13:03] {@Threei}  that's interesting way to regulate [rices
01[13:13] {@Threei}  half out
01[13:13] {@Threei}  stop to .16
[13:22] {dino} clcd spike
01[13:26] {@Threei}  [AMZN] Reportedly Walmart preparing to launch a subscription based fast shipping service similar to Amazon Prime
01[13:26] {@Threei}  stop to .11
01[13:31] {@Threei}  to .06
01[13:35] {@Threei}  1/4 more out
01[13:36] {@Threei}  man, there is some blood in any stone
01[13:40] {@Threei}  to .01
01[13:40] {@Threei}  1/2
01[13:40] {@Threei}  1:2
[13:42] {dino} gj
01[13:43] {@Threei}  ty
[14:11] {jfjf64} Anything going on
01[14:12] {@Threei}  just closed DAK short
01[14:12] {@Threei}  DAL
[14:12] {jfjf64} I see
[14:12] {jfjf64} Gj
01[14:14] {@Threei} Long Setup:  GILD  .60 break
01[14:15] {@Threei}  Invalidated
[14:18] {jfjf64} does spy break down
[14:18] {jfjf64} Or bounce again
[14:18] {nemo} it is breaking down
[14:18] {jfjf64} This level
[14:18] {nemo} is testing under 210, may test pivot at 209.75...finnies have been the driver today
[14:20] {dino} buy 18,700s sell 18,200s
01[14:20] {@Threei} Long Setup:  VXX  .95 break
[14:20] {dino} buy 17,700s i mean
[14:36] {dino} calling it a week. golf trip starts at 4:00, heading to myrtle beach area. back for trading wednesday. good luck all
[14:36] {dino} nemo, good luck w/your father
01[14:37] {@Threei}  have fun dino
[14:37] {dino} ty
[14:38] {jfjf64} Enjoy pal
[14:39] {dino} ty, stay in the zone jf
[14:40] {jfjf64} Let's go spy die
[14:45] {jfjf64} Here we go
[14:46] {jfjf64} Downward starts here
01[14:47] {@Threei}  nah
[14:50] {jfjf64} It's going
[14:50] {jfjf64} That candl colormation
[14:50] {jfjf64} Lol
[14:51] {jfjf64} Very confident
[14:52] {jfjf64} Grab Vxx here
[14:52] {jfjf64} Thinkin
[14:55] {jfjf64} 90 break
[14:55] {jfjf64} One mor time
[14:56] {jfjf64} This is why I drink
01[14:57] {@Threei}  lol
[14:57] {jfjf64} That's some support
[14:57] {jfjf64} 6 times
[14:57] {jfjf64} No break
[15:04] {jfjf64} Dal filled gap
[15:04] {nemo} mmhhh where'd I here that before?
[15:04] {nemo} actually gap 46.10ish
[15:05] {jfjf64} Ya as good as ya last trade
[15:08] {jfjf64} Feye movin up
[15:10] {jfjf64} Jf nominates vg to find 1:4 for the boys
[15:10] {nemo} 1:10
[15:11] {jfjf64} Lol
01[15:11] {@Threei}  1:30
01[15:11] {@Threei}  1:50
01[15:11] {@Threei}  why stop
01[15:11] {@Threei} Long Setup:  GILD  .60 break
01[15:11] {@Threei}  If holds  .50
[15:14] {jfjf64} Bombs away
[15:14] {jfjf64} Me think
[15:15] {jfjf64} Who I'm I to think
[15:22] {nemo} GILD two way
[15:25] {jfjf64} Vg what's drink of choice tiday
[15:26] {nemo} dumb question
01[15:26] {@Threei}  hmmm
01[15:26] {@Threei}  haven't had time to think ogf it yet
[15:26] {jfjf64} I'm starting to think
[15:27] {jfjf64} Nemo how stash on vodka
[15:27] {nemo} gotta' make a run tonight
[15:29] {jfjf64} 3:30 push down
[15:30] {jfjf64} Who knows
01[15:30] {@Threei}  sigh
01[15:30] {@Threei}  annoying
[15:30] {jfjf64} Basterds
[15:31] {nemo} VXX
01[15:35] {@Threei}  ok
01[15:35] {@Threei}  ,90 break VXX
01[15:35] {@Threei}  last try
01[15:35] {@Threei}  for today
[15:35] {nemo} stop below .85 should be sufficient
[15:36] {nemo} SPY pivot right here and finny open
[15:36] {nemo} aapl pivot
[15:36] {nemo} IWM close to yesterday close
[15:39] {nemo} spy on the cliff
[15:40] {nemo} SPY resistance .90
[15:40] {jfjf64} .88
[15:40] {jfjf64} Lol
[15:41] {nemo} spy low is daily pivot
[15:41] {nemo} this swing low that is
[15:43] {nemo} they're gonna' drop the spy in the futures over night
01[15:45] {@Threei}  OK, I am annoyed enough
01[15:45] {@Threei}  have a good evening folks, see you tomorrow
[15:45] {jfjf64} Gn

May 12 2015

Once again, nicest morning possible with profits making it worth our while, and empty afternoon.


Session Time: Tue May 12 00:00:00 2015
[09:08] {dino} gm
01[09:08] {@Threei}  dino :)
[09:13] {drewj} gm
01[09:14] {@Threei}  drew :)
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -PTIE +40% (announced top-line results for REMOXY human abuse potential trial)
01[09:28] {@Threei}  -PLL +21% (said to be nearing sale with final bids due within the week)
01[09:28] {@Threei}  -AOL +18% (being acquired by VZ for $50B)
01[09:28] {@Threei}  -THLD +16% (received fast-track designation from FDA for Evofosfamide)
01[09:28] {@Threei}  -SPPI +9% (trading up after Armistice Capital disclosed 5.4% stake)
01[09:28] {@Threei}  -ORIG +7 % (earnings)
01[09:28] {@Threei}  -VIP +6.3% (trading higher on press speculation a deal with Hutchison Whampoa is near)
01[09:28] {@Threei}  -INO +3.6% (earnings & initiated clinical trial with DNA immunotherapies to prevent & treat Ebola)
01[09:28] {@Threei}  -OCN +7% (annual report new Board member)
01[09:28] {@Threei}  Downside:
01[09:28] {@Threei}  -NLNK -22% (IMPRESS Phase 3 trial data)
01[09:28] {@Threei}  -RAX -15% (earnings)
01[09:28] {@Threei}  -MTZ -10% (earnings)
01[09:28] {@Threei}  -ASH -3.6% (earnings)
01[09:28] {@Threei}  -GPS -3% (April SSS)
01[09:29] {@Threei}  this regularly makes me laugh:
01[09:29] {@Threei}  - Greece said to have used funds from IMF account to pay the IMF.
[09:31] {dino} lol
[09:31] {cosmo} that's the way its done these days
01[09:31] {@Threei} Long Setup:  FB  . 60 break
01[09:31] {@Threei}  If holds  .50
[09:32] {cosmo} Just wondering here if VZ might bring back Netscape.
01[09:32] {@Threei}  lol
[09:32] {cosmo} ….nah, just dreaming…
01[09:33] {@Threei} Long Setup:  FB  . 50 break
01[09:33] {@Threei}  If holds  .40
01[09:34] {@Threei}  1:1
[09:35] {dino} cat gap fill
01[09:35] {@Threei}  1:2
01[09:35] {@Threei}  1:3
01[09:35] {@Threei}  chas is missing good openings
01[09:36] {@Threei} Long Setup:  IWM  .75 break
01[09:37] {@Threei}  If holds  .65
01[09:39] {@Threei}  1:1
01[09:39] {@Threei}  1:2
[09:43] {dino} gj
01[09:43] {@Threei}  ty
01[09:45] {@Threei} Long Setup:  FB  .20 break
01[09:45] {@Threei}  If holds  .10
01[09:46] {@Threei}  Invalidated
01[09:47] {@Threei} Long Setup:  FB  77 break
01[09:47] {@Threei}  If holds  .90
01[09:47] {@Threei}  1:1
[09:47] {jfjf64} Mornin
01[09:47] {@Threei}  hey jf
[09:47] {jfjf64} Internet prob
01[09:47] {@Threei}  ugh
[09:47] {jfjf64} Grrrrrrrrrrr
01[09:48] {@Threei}  missed couple good ones
01[09:49] {@Threei}  1:2
[09:50] {jfjf64} Ew 133 break
01[09:51] {@Threei}  you feel a lot of disdain to that break, eh?
[09:51] {jfjf64} Bam
[09:51] {jfjf64} Been wking
01[09:52] {@Threei}  1:3
[09:53] {jfjf64} Twtr .56 break
[09:54] {jfjf64} Twtr little dif
[09:55] {jfjf64} Go fb
[09:55] {dino} wday sm l .00
[09:56] {jfjf64} Need to break .43
[09:56] {jfjf64} Where is ya trail
[09:57] {jfjf64} Twtr invalid
01[09:57] {@Threei}  .19
01[09:59] {@Threei} Long Setup:  VXX  .55 break
[09:59] {jfjf64} Fmc gettin hit
01[09:59] {@Threei}  If holds  .45
01[10:02] {@Threei}  1:1
01[10:07] {@Threei} Short Setup: FB  77 break
01[10:07] {@Threei}  If holds  .10
[10:08] {jfjf64} 77 been ya friend
01[10:08] {@Threei}  Invalidated
[10:11] {jfjf64} Depo l .21
[10:14] {jfjf64} Wasn't payin attencion
[10:14] {jfjf64} Ci
[10:14] {jfjf64} 131.43 break
[10:14] {jfjf64} Got away
[10:16] {jfjf64} Fmc bounce watch
[10:20] {jfjf64} Trail deposit to40
[10:20] {jfjf64} Depo
01[10:21] {@Threei}  FB again
01[10:21] {@Threei}  same setup
[10:24] {jfjf64} +42cents depo
01[10:25] {@Threei}  no go
[10:25] {dino} gj
[10:25] {jfjf64} Aol watch break hod
[10:26] {jfjf64} Ty
[10:27] {jfjf64} Look ew
[10:27] {jfjf64} Going to hod
[10:27] {jfjf64} Can't find entry
[10:28] {jfjf64} Aol
[10:29] {jfjf64} Very over bought here
[10:29] {jfjf64} Pull bk then
[10:31] {jfjf64} .58 in
[10:33] {jfjf64} 13 ma holding me up
[10:33] {dino} fmc sm l .25
[10:34] {jfjf64} Maybe sad have wait bigger pullbk
[10:34] {jfjf64} No go
01[10:35] {@Threei} Long Setup:  MCD  .50 break
01[10:35] {@Threei}  If holds  .40
[10:36] {jfjf64} What's ya sto dino
[10:37] {dino} .14
[10:38] {dino} out wday .10, +1.10
[10:38] {jfjf64} Look aol did to me
[10:38] {jfjf64} Gj dino
01[10:38] {@Threei}  1:1
01[10:38] {@Threei}  wtg
[10:38] {dino} ty
[10:39] {jfjf64} Played pullbk.58 Stoped me .48
[10:39] {jfjf64} Now wkin way up
01[10:39] {@Threei}  1:2
[10:40] {jfjf64} Gj vg
[10:40] {jfjf64} What do I do aol
[10:40] {jfjf64} Have to play breakout
[10:40] {dino} rockin'
[10:41] {dino} markets want green, zirp baby
01[10:41] {@Threei}  1:3
[10:41] {dino} stop fmc .14 -.11
[10:41] {jfjf64} Nice vg
01[10:41] {@Threei}  ty
[10:41] {jfjf64} Missed mcd
[10:41] {jfjf64} Aol makin me stupid
[10:41] {jfjf64} Spy rip
01[10:42] {@Threei}  zirp... and genius solution of Greece problem, wjere IMF gives Greece money and Greece uses it to replay IMF
01[10:42] {@Threei}  I can't stop marveling at this financial miracle
[10:42] {jfjf64} Hod spy
[10:42] {jfjf64} Aol break
[10:42] {jfjf64} Watch it stop me out
[10:43] {dino} i still can't believe my original mortgage was 9.5% back in 1995
[10:44] {jfjf64} Bought my house 1997
[10:44] {dino} cracks me up people worried about 3% mortgages
[10:45] {jfjf64} 8percent think
[10:45] {jfjf64} Aol1:1
[10:45] {jfjf64} I still use aol
[10:46] {jfjf64} My kids make fun of me
01[10:46] {@Threei}  mine was 9.2 in 1996, yes
[10:47] {jfjf64} Aet lifetime high
[10:49] {jfjf64} Vg you still in mcd
01[10:49] {@Threei}  last piece, yes
[10:50] {jfjf64} Where is trail
01[10:50] {@Threei}  .69
[10:53] {dino} fmc re-load sm l .03
[10:55] {dino} having trouble w/.08
[10:57] {jfjf64} Watchi
[10:57] {jfjf64} Ahh
[10:57] {jfjf64} Just short this bitch
[10:57] {dino} stopped .88 -.15
[10:58] {jfjf64} No legs
[10:58] {dino} that a.m. upgrade killed it
[10:59] {dino} its like having cramer recommend it
[11:01] {jfjf64} Didn't catch that
[11:01] {jfjf64} Hit my scanners as bounce
[11:02] {dino} .00 break long, last try
[11:02] {jfjf64} Boy aet got smoked
[11:02] {jfjf64} After lifetime high
[11:03] {jfjf64} Mcd vg
01[11:03] {@Threei}  yup
[11:03] {jfjf64} Hod break
[11:03] {jfjf64} I was gonna ask you when it was 97.80 if liked
01[11:04] {@Threei}  1:4
[11:05] {jfjf64} Your still in
[11:05] {dino} gj
[11:05] {jfjf64} Nice
[11:05] {jfjf64} Go vg
01[11:05] {@Threei}  [10:49] {@Threei} last piece, yes
01[11:05] {@Threei}  1:5
[11:06] {jfjf64} Nice job
01[11:06] {@Threei}  ty
[11:06] {jfjf64} Got involved with aol
[11:06] {jfjf64} Hate aol
[11:06] {jfjf64} Lol
[11:11] {dino} makes me think of meg ryan
01[11:12] {@Threei}  hmmm
01[11:12] {@Threei}  you are complicated man :)
01[11:13] {@Threei}  then again, guitars make me think of Salma Hayek
[11:13] {dino} back in the day, she was a hottie
[11:13] {nemo} Salma is one of my all time favorites
[11:13] {dino} indeed
[11:24] {jfjf64} Mcd hod
[11:25] {jfjf64} Esi getting hit
[11:25] {jfjf64} Sorry
[11:25] {jfjf64} Didn't realize 3 dollar
[11:26] {dino} pahc spike
[11:36] {jfjf64} Bbsi gettin hit
[11:42] {jfjf64} This stock might be 5 bucks way going
01[11:43] {@Threei} Long Setup:  IWM  .15 break
01[11:43] {@Threei}  If holds  .05
[11:43] {dino} tbra drop
01[11:45] {@Threei}  1:2
01[11:45] {@Threei}  man...
[11:45] {jfjf64} What ya fall asleep
01[11:46] {@Threei}  no... typed 1:1 and it was at 1:2 already :)
[11:46] {jfjf64} That's the way
[11:46] {jfjf64} Who needs1:1
01[11:47] {@Threei}  hehe
[11:48] {dino} bbsi smr l .04
[11:48] {jfjf64} 32 or 33
[11:49] {dino} 33
[11:50] {jfjf64} Ride me cowboy
[11:50] {jfjf64} Go get em
[11:50] {jfjf64} Em
[11:50] {jfjf64} Not me
[11:50] {jfjf64} Llol
[11:54] {dino} pahc spikes again
[11:55] {jfjf64} You still in bbsi
[11:58] {dino} yes
[12:02] {jfjf64} Going to lunch
[12:19] {dino} out bbsi .94, +.90
[12:19] {dino} ty jf for idea
[12:22] {dino} taking hour lunch break, good morning
[13:05] {nemo} XOP looks possibly long here
01[13:06] {@Threei}  tempting
[13:06] {nemo} vwap support is .95
01[13:07] {@Threei}  .05 break trigger
[13:07] {nemo} in .01
[13:07] {nemo} .05 risk..as you say "meh"
01[13:08] {@Threei}  yup, aggressive entry
[13:08] {nemo} that .05 level is important though
[13:14] {nemo} sheesh
[13:14] {nemo} the .11 level is my bull bear line
[13:15] {nemo} scratch
[13:15] {nemo} figures
01[13:20] {@Threei}  you are managing it in a too nervous fashion
01[13:20] {@Threei}  stop was small enough to beging with
[13:20] {nemo} yes
01[13:20] {@Threei}  tightening it that soon was not called for
[13:20] {nemo} yes
[13:57] {dino} .
01[13:57] {@Threei}  ..
[13:58] {dino} ;;;
01[14:00] {@Threei}  hmmm
01[14:00] {@Threei}  what the deuce is that?? :)
[14:00] {dino} ?????
[14:00] {dino} :)
01[14:00] {@Threei}  ;;;
[14:01] {dino} looks like i did not miss much
01[14:01] {@Threei}  wait
01[14:01] {@Threei}  turning decoder ring on
01[14:01] {@Threei}  nope, doesn't work
01[14:06] {@Threei}  XOP worked nicely
[14:06] {nemo} yep
[14:09] {dino} tllp drop
01[14:19] {@Threei}  be back in 15
01[14:33] {@Threei} Long Setup:  FB  .70 break
01[14:33] {@Threei}  If holds  .60
01[14:42] {@Threei}  no go
01[14:43] {@Threei}  [LUV] Pilots Union begins strike preparedness The Southwest Airlines Pilots' Association (SWAPA) today announced staffing and funding for a Strike Preparedness Committee.
01[15:08] {@Threei} Long Setup:  DAL  .30 break
01[15:08] {@Threei}  If holds  .20
01[15:12] {@Threei}  nah
[15:19] {jfjf64} Hey hey
[15:19] {jfjf64} Anything going on
[15:20] {dino} jf, thx for the bbsi idea, took .90 out of it
01[15:20] {@Threei}  looking
[15:20] {jfjf64} Nice dino
[15:20] {jfjf64} Wow she spiked
01[15:24] {@Threei} Long Setup:  DAL  .20 break
01[15:24] {@Threei}  If holds  .10
[15:29] {jfjf64} AAPL 20 break
[15:30] {jfjf64} Long
[15:31] {jfjf64} 1:1
[15:33] {drewj} That's all for me guys
[15:33] {drewj} have a good afernoon
[15:33] {drewj} afternoon
01[15:33] {@Threei}  take care drew
[15:37] {jfjf64} Hum wants higher
[15:41] {jfjf64} Hum l .21
[15:50] {dino} gn all, decent morning, dead afternoon
01[15:50] {@Threei}  same here
01[15:54] {@Threei}  thank you, have a good evening
01[15:54] {@Threei}  see you tomorrow
[15:54] {jfjf64} Me 2
[15:54] {jfjf64} Ty
[15:56] {nemo} spy looks short but too late
[15:56] {nemo} this is weekly pivot here
[15:57] {jfjf64} .15

May 11 2015

Nice start to the week with good morning trades. Boring afternoon, but profits were booked early on.


Session Time: Mon May 11 00:00:00 2015
[09:18] {dino} gm
01[09:18] {@Threei}  dino :)
[09:21] {drewj} Hi guys...
01[09:23] {@Threei}  drew :)
01[09:23] {@Threei}  how was Canada?
[09:23] {drewj} I really enjoyed it
[09:24] {drewj} The people are really nice
01[09:25] {@Threei}  we are... we are the only nation that apologize when you step on our foot
[09:25] {dino} lo
[09:25] {drewj} I should have tried that!
[09:25] {dino} lol
01[09:26] {@Threei}  next time... you'll be amazed
01[09:26] {@Threei}  http://www.pleated-jeans.com/wp-content/uploads/2013/08/knockkonck.jpg
[09:26] {drewj} No one seemed angry like in the US
[09:27] {drewj} Except for the other Americans:)
[09:29] {jfjf64} Gm all
01[09:30] {@Threei}  jf :)
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -ROSE +31% (being acquired by Noble Energy for $26.62/shr)
01[09:30] {@Threei}  -CDTI +28% (NYC Dept. of Sanitation to use DuraFit technology on 3K vehicles)
01[09:30] {@Threei}  -ZU +21% (BABA raised stake to 9.3%)
01[09:30] {@Threei}  -VGGL +17% (earnings)
01[09:30] {@Threei}  -RNF +13% (earnings)
01[09:30] {@Threei}  -TSRE +11% (to be acquired by Independence Realty Trust for $7.60/shr)
01[09:30] {@Threei}  -DF +7.3% (earnings)
01[09:30] {@Threei}  -MBLY +5% (earnings)
01[09:30] {@Threei}  -KNDI +3.2% (earnings)
01[09:30] {@Threei}  -ACT +3.2% (earnings)
01[09:30] {@Threei}  -VALE +2.2% (no news seen)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -FXCM -13% (momentum from earnings miss on Friday)
01[09:30] {@Threei}  -ETSY -9.3% (negative broker commentary)
01[09:30] {@Threei}  -GEVO -6.6% (launch of renewable alcohol fuel not till mid to late '15 as it requires ASTM International certification for the fuel)
01[09:33] {@Threei} Long Setup:  FB  .40 break
01[09:33] {@Threei}  If holds  .30
01[09:33] {@Threei}  1:1
[09:35] {jfjf64} Expode
01[09:35] {@Threei}  1:2
01[09:35] {@Threei}  iksplode
[09:35] {jfjf64} Where trail to
01[09:36] {@Threei}  .49
01[09:37] {@Threei}  1:3
01[09:38] {@Threei}  1:4
01[09:38] {@Threei}  out
01[09:38] {@Threei}  can I go home?
[09:38] {jfjf64} Ty
01[09:38] {@Threei}  yw
01[09:38] {@Threei} Long Setup:  VXX  .60 break
[09:38] {jfjf64} Mr FB
01[09:39] {@Threei}  If holds  .55
[09:41] {jfjf64} AAPL Twtr down fb up
[09:41] {jfjf64} Spy needs to break under .64
[09:41] {jfjf64} Yes
[09:42] {jfjf64} Thought that wd pop vxx
[09:43] {jfjf64} Z watch for break hod
[09:43] {jfjf64} Gonna fly
[09:45] {jfjf64} Down
[09:45] {jfjf64} Lol
01[09:46] {@Threei} Long Setup:  P  .40 break
01[09:46] {@Threei}  If holds  .30
[09:52] {jfjf64} Cat strong
[09:52] {jfjf64} Going to 90
[09:52] {jfjf64} Eod
[09:52] {jfjf64} Imo
01[09:53] {@Threei}  1:1  VXX
[09:54] {jfjf64} Z  watch
[09:56] {jfjf64} P invalid?
01[09:56] {@Threei}  yeah
[09:57] {jfjf64} Cat was nice on pullbk
[09:57] {jfjf64} .71 support
[09:58] {jfjf64} Didn't take
01[09:58] {@Threei} Long Setup:  MCD  .65 break
01[09:58] {@Threei}  change to .60
01[09:58] {@Threei}  If holds  .55
[09:58] {nemo} two way with gap fill
01[09:58] {@Threei}  tighter stop
[10:00] {jfjf64} I like this p
[10:00] {jfjf64} Cat hod
[10:01] {jfjf64} In p 43
01[10:01] {@Threei}  1:1  MCD
[10:02] {jfjf64} 1:1 p
[10:08] {jfjf64} Z
01[10:08] {@Threei}  1:2
[10:09] {jfjf64} Stalking this orb
[10:10] {jfjf64} Bamm
[10:11] {jfjf64} Bamm
[10:11] {jfjf64} Bamm
[10:13] {dino} tight range
[10:13] {jfjf64} Go
[10:13] {jfjf64} Can I go home
[10:14] {dino} sure
[10:14] {jfjf64} You take it dino
[10:14] {jfjf64} Out 1.70
[10:15] {drewj} nice one jf
[10:15] {jfjf64} Ty
[10:16] {dino} gj jf
[10:22] {jfjf64} Joy.76 long
[10:23] {jfjf64} 20 cent stop .54
[10:28] {jfjf64} No go
01[10:30] {@Threei}  1:2  VXX
[10:30] {jfjf64} Chatter aapl may buy blackbury
01[10:33] {@Threei}  (GR) Greece Finance Ministry states it has made IMF payment of €750M due May 12th
01[10:33] {@Threei}  IMF: yay...
[10:34] {jfjf64} Spy bounce here
[10:38] {jfjf64} Z looks like wants another run hod
[10:39] {jfjf64} Got to break res here .30 ish
01[10:40] {@Threei} Long Setup:  FB  .35 break
01[10:40] {@Threei}  If holds  .27
[10:42] {jfjf64} Cat makin it's move up
[10:44] {jfjf64} .45 first line res fb
[10:44] {jfjf64} Let's go
[10:46] {jfjf64} Spy giddie up
[10:48] {dino} w drop
[10:49] {jfjf64} Joy rinced me out
[10:49] {jfjf64} 2 cents
[10:49] {jfjf64} Also marchin
[10:50] {jfjf64} Vg you need to break wall down .45
[10:50] {jfjf64} Get boots on
01[10:50] {@Threei}  1:1
[10:50] {jfjf64} They ya go
[10:52] {dino} aer drop
[10:55] {jfjf64} Cat hod will play
[10:57] {dino} aer sm l .64
[11:08] {jfjf64} Bounced off 13 ma
[11:08] {jfjf64} You still in dino
01[11:11] {@Threei}  here comes FB
[11:11] {dino} yes
[11:11] {jfjf64} Fb nice
[11:12] {dino} first day live sterling trader pro
[11:12] {jfjf64} How ya like
[11:12] {dino} fast
[11:13] {jfjf64} Cat watch
[11:13] {jfjf64} Hod
[11:13] {jfjf64} Break
[11:14] {jfjf64} 1:2 no vg
[11:18] {jfjf64} Nice dino
[11:22] {dino} so far
01[11:25] {@Threei}  1:2
[11:26] {jfjf64} What ya fall a sleep
01[11:27] {@Threei}  yes... why?
[11:39] {dino} out aer .26, +.60
01[11:44] {@Threei}  wtg
[11:46] {jfjf64} Gj dino
[11:46] {jfjf64} Cat hod break he we go
[11:51] {dino} ty
[11:53] {jfjf64} Comon cat
[11:53] {jfjf64} Uf wants to go to lunch
[11:53] {jfjf64} Jf
[11:53] {dino} dino too
[11:53] {jfjf64} Iwm hod
[11:54] {jfjf64} Jf kicks cat in ass
[11:57] {jfjf64} Stop at .09
[12:00] {jfjf64} Thought break wd be little more climatic
[12:02] {jfjf64} Out
[12:03] {jfjf64} .14
[12:03] {jfjf64} Lunch here
[12:03] {jfjf64} Great mornin
01[12:03] {@Threei}  The Greek Finance Ministry released a statement around 10:30ET that it had ordered the payment to go through, however yields remain very elevated, with the 10-year UST up 6.5 basis points to 2.213% and the 10-year bund up 4.8 basis points to 0.593%. Nobody really expects a deal at the Eurogroup today and more people are worrying about a possible Greek default
[12:04] {dino} you're in the zone this spring jf, good job. keep it going.
01[12:04] {@Threei}  I worry about Greek yogurt more than default
[12:04] {jfjf64} Ty
[12:04] {jfjf64} Hate yougurt
01[12:05] {@Threei}  see? real worry
[12:05] {jfjf64} Na jokin
01[12:05] {@Threei}  I bet you don't hate default
[12:05] {jfjf64} Like alot
01[12:05] {@Threei}  Secretary of State John Kerry will meet with Russian President Putin on Tuesday in Sochi, the first direct talks of this kind since the crises in Ukraine and Iraq blew up a year and a half ago. Among other things, there were reports that Kerry would raise the possibility of US military assistance for Ukraine at the meeting.
[12:05] {jfjf64} Make nice smoothies with it
[12:07] {jfjf64} Cop lod break
[12:07] {dino} conn spike
[12:08] {jfjf64} Xom just broke
[12:10] {jfjf64} Ahh going to lunch
01[12:47] {@Threei} Long Setup:  VXX  .85 break
01[12:47] {@Threei}  If holds  .77
[13:02] {drewj} Vad can you take a look at DAL?
01[13:03] {@Threei}  looks breakish
01[13:03] {@Threei}  not very suitable time of day for this kind of trades though
01[13:03] {@Threei}  I'd let it break and wait for a rinse to enter
[13:05] {drewj} I was wondering about the volume pattern from about 12 PM on.
[13:06] {drewj} It gets a lot heavier and the price flattens out.
[13:06] {drewj} How should I inturpret that?
01[13:06] {@Threei}  no specific significance to it other than time of the day
[13:06] {nemo} no-man's-land
[13:07] {drewj} So breakouts are less reliable during lunch?
01[13:08] {@Threei}  right
[13:08] {nemo} everything is less reliable at lunch
[13:08] {drewj} ok
01[13:08] {@Threei}  often result in rinse
[13:08] {drewj} is that because of lower volume?
[13:08] {nemo} yes, general inactivity
01[13:09] {@Threei}  and because of lesser commitment to action
[13:15] {drewj} thanks guys
[13:17] {nemo} X
[13:18] {nemo} look at X drew, see the breakout fakeout?
[13:18] {nemo} now it's going
[13:19] {drewj} you talking about that little pullback?
[13:20] {nemo} yep
[13:20] {drewj} so the breakouts won't be as direct...
[13:20] {drewj} during lunch
[13:23] {jfjf64} Anything go on
01[13:25] {@Threei}  not really
01[13:25] {@Threei}  except nice DAL breakout
[13:26] {jfjf64} See that
[13:30] {jfjf64} Cat keeps grinding up
[13:43] {jfjf64} Died out
01[13:43] {@Threei}  be back in 40
[13:43] {drewj} ok
[13:43] {jfjf64} Me too oal
[13:43] {jfjf64} Pal
[13:44] {jfjf64} Hold the fort down drew
[13:45] {drewj} Will do JF
[13:45] {drewj} enjoy
[13:50] {dino} zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
[13:51] {nemo} we're getting into the 4 day weekend time of year
[13:51] {dino} yeah, i understand. just makes it hard to stay alert
[13:53] {drewj} did you do lift wieghts today dino?
[13:53] {drewj} did you lift
[13:54] {dino} not yet, usually around 3:15
[13:55] {dino} 3 mile dog walk at 7:00 am
[13:55] {nemo} what? you run around on all fours?
[13:55] {drewj} :0
[13:55] {drewj} :)
[13:56] {dino} lol, no, but that would be one hell of a workout
[13:56] {nemo} absolutely, good for your back
[13:57] {nemo} ended up taking a 14 mile walk the other day, that was interesting...used to run that in my youth
[13:57] {dino} my lower back hurts when i jog, so down to walking. usually get 15 miles in a week
[13:58] {nemo} probably planting your heel instead of shortening your stride
[13:58] {dino} or just getting old, turned 50 this past march
[13:59] {nemo} shorten your stride so you land a little flatter...creates more spring, uses more of the quadriceps and doesn't drive the femur up into the sacroiliac
[14:00] {nemo} less stress on the lower spine
[14:00] {dino} i'll try it in short bursts
[14:01] {nemo} frankly Dino, I gave up running when I was 30 because of the fear of repetitive motion injury...all I do is Qi Quong now
[14:02] {nemo} no running, no heavy weights
[14:02] {nemo} I see my old buddies from my lifting days...compressed disks, bum shoulders....sheesh
[14:02] {jfjf64} Dal might get pop here
[14:04] {dino} i can relate on the shoulder. was benching 270 lbs, set of 6 last november. something happened to right shoulder, now i get to 230s and pain sets in. easing back into the benching
[14:04] {jfjf64} Sting bench dino
[14:04] {nemo} may I make a recommendation?  get away from the long bar and use only dumbells
[14:05] {dino} my son says do lighter weights/more reps. but my mind wants heavy sets
[14:05] {jfjf64} Strong
[14:05] {jfjf64} Why dumbel
[14:05] {dino} got 300 lbs up for one rep, summer 2014 at the high school weight room w/sons friends
[14:06] {jfjf64} 225 for 10
[14:06] {dino} but this 230-240 stuff bums me out
[14:06] {dino} 225 for 10 is good jf
[14:06] {jfjf64} That was always my goal
[14:06] {nemo} the longbar creates isolation and actually causes stress on peripheral muscles because of the leverage you develop using both hands.  Dumbells require more coordination with a greater area of the body distributing the stress over a further area
[14:07] {dino} i use dumbells on the incline
[14:07] {jfjf64} 225 for 10 in shape was told that when in 20s
[14:07] {nemo} use them on everything
[14:07] {dino} cmcm spike
[14:08] {jfjf64} Always was my goal dino
[14:08] {jfjf64} Have to start with dumbbels
[14:08] {dino} how old are you guys?
[14:08] {nemo} 54
[14:08] {jfjf64} 50
[14:09] {jfjf64} 51 in 3 weeks
[14:09] {jfjf64} Lol
[14:09] {nemo} yeah, but I've got the mileage of a 90 year old
[14:09] {jfjf64} Naa
[14:10] {nemo} yeahhhhh
[14:10] {nemo} trust me
[14:10] {jfjf64} Well schooled
[14:10] {nemo} I'm a 2012 car with 300k miles
[14:10] {jfjf64} Lol
[14:10] {nemo} oh definitely...my liver can't get through a metal detector
[14:11] {jfjf64} Lol
[14:11] {jfjf64} Spy
[14:11] {jfjf64} Lod
[14:11] {nemo} this is aapl
[14:11] {jfjf64} Seems like starting to wake up
[14:12] {nemo} it's after 2
[14:12] {jfjf64} Yes
[14:12] {jfjf64} Beautiful day in the city
[14:12] {nemo} what city?
[14:12] {jfjf64} East coast
[14:13] {nemo} never heard of that city
[14:13] {jfjf64} Isn't it beautiful in Boston today
[14:13] {nemo} Partly cloudy south of Boston
[14:14] {dino} sunny and 80 here
[14:14] {jfjf64} Wonderful day here
[14:15] {jfjf64} My son swimming in pool
[14:16] {jfjf64} Water freezin
[14:16] {jfjf64} Kids don't care
[14:16] {jfjf64} Remember that
[14:16] {nemo} If I drink enough, I don't either
[14:16] {jfjf64} Now heat has to be on 85 for me
[14:19] {jfjf64} Feels like going lower
[14:19] {dino} 07 slow red
01[14:28] {@Threei} Long Setup:  DAL  47 break
01[14:28] {@Threei}  If holds  .90
[14:31] {jfjf64} 47.21 first line of res
[14:34] {jfjf64} You bringing stop up
[14:35] {jfjf64} We were 3 cents from 1/1
[14:35] {jfjf64} Just wondr
01[14:35] {@Threei}  not yet
[14:35] {jfjf64} K
[14:36] {jfjf64} Spy lod
[14:36] {jfjf64} Test
[14:38] {jfjf64} Keep I vxx vg
01[14:40] {@Threei}  to .94 now
[14:40] {jfjf64} K
[14:43] {jfjf64} Joy pop
[14:46] {jfjf64} Out
[14:47] {jfjf64} No harm
01[14:47] {@Threei}  meh
[14:47] {jfjf64} Mkt got no pep
[14:48] {jfjf64} Gonna get hit
[14:53] {jfjf64} Vxx in
[14:53] {jfjf64} 21
[14:55] {jfjf64} 1:1
[14:57] {dino} aaww drop
[14:59] {dino} sm l .96
[15:03] {jfjf64} Now looks like bounce spy
[15:03] {jfjf64} Can't make up mind
01[15:20] {@Threei} Long Setup:  FB  .10 break
01[15:20] {@Threei}  If holds  78
[15:22] {dino} out aaww .28, +.32
[15:22] {jfjf64} Gj
[15:23] {dino} ty
[15:29] {drewj} That's all for me
[15:30] {drewj} Have a nice afternoon eh
[15:34] {jfjf64} Outta here also
[15:34] {jfjf64} Ty
01[15:48] {@Threei}  see you tomorrow guys

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Tory Surprise and US Jobs Report Save the Week
Fri, 08 May 2015 16:30 PM EST

Global equities lost altitude through Thursday as the parade of poor economic data and bond market choppiness continued. Early in the week, the ADP jobs report raised real worries that the US would see another anemic payrolls number for April, while Chinese trade data was concerning. There was no breakthrough on Greece, with both sides seemingly committed to forcing negotiations down to the wire. The global bond market rout continued apace this week and the surge in yields kept pressure on stocks worldwide, nudged further by Fed Chair Yellen weighing in on equity valuations. The stampede out of stocks and bonds sent European indexes to their lowest levels in two months. Note that the UST 10-year yield peaked just below 2.3% on Wednesday and then headed back below 2.12%, while the 10-year Bund peaked around 0.777% on Thursday and quickly dropped below 0.540% by Friday. The surprise landslide victory by the Conservative government in UK elections and Friday's not-too-hot, not-too-cold US jobs report helped equities recoup their losses for the week, with DJIA gaining 0.9%, the S&P500 adding 0.4% and the Nasdaq ending just above flat.

Fed Chair Yellen raised eyebrows on Wednesday after commenting on equity market valuations in a panel discussion. "I would highlight that equity market valuations at this point generally are quite high," said Yellen. "There are potential dangers there." Commentators compared Yellen's remarks to her call on biotech valuations a year ago as well as Alan Greenspan's notorious "irrational exuberance" comments. "We've also seen the compression of spreads on high-yield debt, which certainly looks like a reach for yield type of behavior," added Yellen. She also warned that another potential trouble spot was low long-term interest rates, which could spike as the Fed normalizes its policy, causing disruption across the financial system.

On Thursday, European bond yields had a serious hiccup, with the yield on the German 10-year Bund surging by as much as 21 bps to 0.80%, its highest level since last November, before easing back below 0.60%. Interestingly, peripheral Europe yields saw weaker gains and then fell significantly as buyers stepped in. There was no apparent proximate cause for the spike, besides a general lack of liquidity. Analysts have begun watching the rebound in yields with a certain degree of skepticism: the oil price rebound helped blunt fears of outright deflation, relieving some of the pressure on yields. The euro has reversed course and has begun strengthening, and European stocks have been heading lower in the face of Greek chaos. Economic data is not showing a big improvement in the real economy.

The April jobs report showed the US labor market bounced back firmly from the anemic March results. April non-farm payrolls rose to 228K, about in line with expectations, but the March figure was slashed to 86K from the already disappointing 126K. Unemployment fell to 5.4% from 5.5% in March. Hourly earnings fell slightly, raising worries that wage pressures were not sufficient to deliver much more economic growth. The biggest jobs growth was in white-collar and healthcare sectors, construction saw modest gains, while manufacturing was flat.

The US trade deficit rose 43% y/y to $51.5 billion in March (a six-month high), reflecting a surge of imports that followed the settlement of the West Coast port dispute. Exports edged up 0.9% to $187.8 billion, but imports leaped a record 7.7% to $239.2 billion. Economists say the numbers were less favorable than those used to calculate advance Q1 US GDP, however it remains unclear how much the imports will boost March inventory numbers and their impact on Q1 US GDP revisions.

UK Prime Minister David Cameron won an absolute majority in Britain's Parliamentary elections, taking 326 of the 650 seats up for grabs in the House of Commons. The outcome was surprising after weeks of polls that had been predicting a dead heat between Labour and the Conservatives. Labour's Ed Miliband said he would step down as party leader after his party's share fell to 229 seats from 258 prior. Nick Clegg resigned as leader of the Liberal Democrats after a disastrous result for his party, whose representation fell to eight seats from 57 prior.

Negotiations between Europe, the IMF and Greece went back and forth again this week and became even more divisive. Greek Finance Minister Varoufakis reinserted himself in the mix, denying he had been sidelined and claiming he was prepared to go "down to the wire" in talks. Greece made its payment to the IMF this week, while the next big payment is €745 due on May 12th. There were no signs that the two sides would be able to reach a deal at the Eurogroup meeting on Monday, May 11th. The ECB doled out another ELA expansion to the Greek banking system but deferred making a decision on collateral haircuts to next week. The ECB has used bank collateral obligations as a bargaining chip in bailout negotiations, and by deferring the decision it allows the EU to put a bit more pressure on the Greeks.

The gains in oil prices continued through midweek, with WTI coming within a dollar of the $70 level on Wednesday after the DoE weekly report included the first draw-down in crude inventories since early January. There has been a persistent feeling that the worst of the oil rout is over and prices were seeking a new, higher level, however traders warned of persistent weakness in the physical market (and it was softness in crude deliveries that wreaked havoc late last summer). EIA and OPEC data shows the world still producing more oil than it consumes, and a report that Iranian oil production capacity would be around 3.96M bpd in 2016 helped take futures off their highs.

The March quarter earnings season is slowly winding down. Ecommerce giant Alibaba saw revenue up nearly 50%, with users and mobile metrics rising sharply. Chairman Jack Ma also decided to reinvigorate his management team by bringing in a new CEO. Comcast hit an important milestone, as subscribers for internet service now outnumber cable TV subscribers. Sprint's headline numbers were a bit disappointing, but its widely watched churn rates improved. Green Mountain tanked after missing top- and bottom-line expectations and cutting its FY forecast. Whole Foods said it would launch a new "value-oriented" chain, upsetting some investors. Metlife and Prudential reported firm first quarter results.

McDonalds unveiled its big turnaround strategy. The main focus will be reorganization into four new corporate segments in an effort to strip away unwanted layers of management. McDonald's will also refranchise more than 3,000 restaurants through 2018, bringing its total percentage of franchised restaurants to 90% from 81% globally. Improving food quality will be a top priority. Friday MCD reported April SSS that were down again, by 0.6% globally, but the stock rallied after the decline was less then generally expected.

Lumber Liquidators suspended sales of Chinese laminate flooring, bowing to accusations that the products had dangerous levels of formaldehyde. The firm insisted that while 97% of 26,000 indoor air quality tests with kits provided by the company came back clear, it would suspend sales until a special committee looking into all allegations wrapped up its work. The sudden gain in LL's stock price after the announcement evaporated within hours. Meanwhile, activist Whitney Tilson told CNBC that the development would be the decisive point in the eventual collapse of Lumber Liquidators and disclosed he had "materially increased" his short position.

Alexion Pharmaceuticals agreed to pay a huge premium to buy rare disease specialist Synageva BioPharma for $8.4 billion in cash and stock. Notably, Synageva has no products on the market. Alexion officials said the deal will help their company accelerate and diversify its revenue growth and expand its manufacturing abilities. Alexion's shares tumbled after the deal was announced as investors decided the firm was overpaying.

Trade data out of China showed more signs of slowing growth in the domestic economy. April imports declined for the sixth month in a row, and it was the fourth consecutive month in which imports dropped by a double digit percentage. Chinese exports fell for the second straight month, dismissing hopes of a seasonal rebound while adding to the expectation the PBoC is close to stepping in again. Meanwhile, the China April final HSBC manufacturing PMI sank lower, racking up the biggest contraction in a year. The Shanghai Composite traded down by over 7.5% at its low point of the week before Friday's 2% rally on rate cut expectations. Inflation data due out early Saturday morning in China is expected to show CPI continuing a rebound off of five-year lows registered in January.