June 09 2015

Another strong day, with notable 1:5 and 1:3 shorts on FB, among others.

Session Time: Tue Jun 09 00:00:00 2015

[08:56] {dino} gm
01[08:58] {@Threei}  dino :)
[09:15] {RonS} gm
01[09:15] {@Threei}  ron :)
01[09:29] {@Threei}  Upside:
01[09:29] {@Threei}  -SAGE +11% (Announces Positive Top-Line Data in Exploratory Trial of SAGE-547 in Postpartum Depression)
01[09:29] {@Threei}  -WBAI +6.3% (Tshinghua Unigroup acquires 63.5M shares for $19.50/ADS)
01[09:29] {@Threei}  -CMGE +4.8% (Enters definitive merger agreement with Pegasus Investment holdings at $1.5714/class A share, $22/ADS)
01[09:29] {@Threei}  -PLAY +4.6% (earnings)
01[09:29] {@Threei}  -CASY +4.3% (earnings)
01[09:29] {@Threei}  -LULU +3.2% (earnings)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -ZQK -21% (earnings)
01[09:29] {@Threei}  -BURL -7.2% (earnings)
01[09:29] {@Threei}  -UNFI -6.8% (earnings)
01[09:29] {@Threei}  -NBIX -5.0% (Provides Update on NBI-77860 Program for Congenital Adrenal Hyperplasia; FDA place program on partial clinical hold)
01[09:29] {@Threei}  -AAL -2.3% (Guides Q2 PRASM lower)
01[09:32] {@Threei} Long Setup:  IWM  .75 break
01[09:32] {@Threei}  If holds  .65
01[09:32] {@Threei}  1:1
01[09:34] {@Threei} Short Setup: FB  .85 break
01[09:35] {@Threei}  If holds  .95
01[09:36] {@Threei}  1:1
01[09:37] {@Threei} Long Setup:  FCX  .80 break
01[09:37] {@Threei}  If holds  .70
01[09:38] {@Threei}  1:2  FB
[09:38] {dino} .
01[09:40] {@Threei}  1:3
01[09:43] {@Threei}  closed at 1:5
01[09:43] {@Threei}  too soon
01[09:44] {@Threei}  FCX stays near high
01[09:44] {@Threei}  SPY bounce shoull send it flying
01[09:49] {@Threei}  stop to .74
01[09:55] {@Threei}  meh
01[09:59] {@Threei}  good tightening
[10:08] {nemo} fcx
[10:13] {dino} .
01[10:16] {@Threei} Short Setup: FB  .90 break
01[10:17] {@Threei}  If holds  80
01[10:21] {@Threei}  1:1
01[10:23] {@Threei}  frikin FCX rinsed
01[10:25] {@Threei}  1:2
[10:28] {dino} yeah, re-entered .79
01[10:28] {@Threei}  FCX? nice
01[10:28] {@Threei}  1:2
01[10:29] {@Threei}  sorry, wrong button
01[10:29] {@Threei}  1:3  FB
01[10:29] {@Threei}  out
[10:31] {dino} yes
[10:31] {dino} stop to .92
01[10:33] {@Threei}  FB is bottomless today
[10:38] {dino} out fcx .98, +19
[10:38] {dino} .
01[10:38] {@Threei}  nice
[10:40] {dino} ty
01[10:46] {@Threei}  Branm, missed couple spectacular plays
01[10:49] {@Threei} Long Setup:  MCD  95 break
01[10:49] {@Threei}  If holds  .90
01[11:01] {@Threei}  stop to .94
01[11:05] {@Threei}  meh
01[11:21] {@Threei} Short Setup: PCG  .64 break
01[11:22] {@Threei}  If holds  .71
01[11:22] {@Threei}  OCD numbers
01[11:27] {@Threei}  things slowed down to a crawl
01[11:43] {@Threei}  1:1
[11:45] {dino} pcg to .53
01[11:46] {@Threei}  choking it :)
[11:47] {dino} to .51, yeah
[11:48] {dino} out .49, +.14, ty 3i
[11:48] {dino} gotta hop for hour
01[11:50] {@Threei}  yw
01[11:56] {@Threei} Long Setup:  VXX  .40 break
01[11:56] {@Threei}  If holds  .33
01[11:56] {@Threei}  just a scalp most likely
01[12:06] {@Threei}  Greece submitted another proposal to its creditors and EU officials again called the offer inadequate. The two sides continue negotiations in the vain hope that PM Tsipras could potentially seal a deal with the leaders of Germany and France at a summit in Brussels on Wednesday. Few believe that is possible, however, and the meeting itself is still not yet official.
01[12:07] {@Threei}  Invalidated
01[12:16] {@Threei}  1:2  PCG
01[12:17] {@Threei}  closed this one
[12:30] {dino} .
01[12:31] {@Threei}  you make a lot of good points today dino
[12:31] {dino} ty, lol
[12:31] {dino} i se i didn't miss much
01[12:32] {@Threei}  no
01[12:32] {@Threei}  slow time
[12:52] {dino} esty spikey
[12:52] {dino} etsy i mean
01[12:54] {@Threei}  sounds like a hooker's nickname
01[12:54] {@Threei}  spikey etsy
[12:55] {dino} lol
[12:56] {dino} break .00 sm s
[12:57] {dino} no go
[12:58] {dino} maybe it is, starting to get that hooker spread
[13:03] {dino} etsy sm s .00
01[13:13] {@Threei}  nice breakdown
[13:15] {dino} ty
[13:15] {dino} bs to .90
[13:15] {dino} not getting the bigger moves lately, thinking have to go to half lots
[13:19] {dino} cov .90, +.10
[13:21] {dino} damn
01[13:21] {@Threei}  ugh
[13:24] {dino} that sucked
01[13:24] {@Threei} Long Setup:  FB  .90 break
01[13:24] {@Threei}  If holds  .80
[13:29] {dino} loxo spike
[13:29] {dino} shop spike
[13:35] {nemo} VXX
[13:36] {dino} shop sm s .65
[13:40] {dino} dbd
[13:42] {dino} sm s .46
01[13:42] {@Threei}  no go
[13:45] {dino} cov dbd .86, +.60
01[13:45] {@Threei}  wtg
01[13:46] {@Threei}  good spot on VXX nemo
01[13:46] {@Threei}  I slept through it
[13:47] {dino} pulp
[13:50] {dino} shop stopped .97 -.32
[13:54] {dino} dbd sm s .53
[13:58] {dino} stopped .73 -.20
[14:01] {dino} ueps spike
[14:07] {dino} dbd sm s .50 break
[14:09] {dino} scratch it
[14:15] {dino} dbd battle ground .50 area
01[14:17] {@Threei} Long Setup:  VXX  .25 break
01[14:17] {@Threei}  If holds  .17
[14:23] {Raven} White House briefing room evacuated ... prolly due to extreme levels of bs in the air
[14:23] {dino} lol
[14:25] {dino} xncr spike
[14:27] {dino} ueps channelling .05-.28
[14:28] {cosmo} maybe someone in that room had bad gas...
01[14:28] {@Threei}  markert hasn't even blinked
01[14:28] {@Threei}  if nything, it upticked
[14:28] {Raven} (is there good gas?)
01[14:29] {@Threei}  tells how how it takes current administration
[14:31] {cosmo} Raven, I'm checking...
01[14:31] {@Threei}  do we want to know how?
[14:31] {Raven} ohmygod
01[14:32] {@Threei}  I guess not
[14:34] {dino} lol
[14:34] {Raven} Baghdad Josh Earnest was yammering at  the time
[14:37] {dino} dbd sm s .50 break
[14:37] {Raven} Reporters returning to resume listening to the lies
01[14:39] {@Threei}  in gas masks?
[14:39] {cosmo} They say good gas comes in cans. Tell the reporters
[14:39] {cosmo} spray cans...
[14:39] {Raven} sigh
[14:41] {dino} cov dbd .23, +.26
[14:42] {nemo} aapl looks short
01[14:43] {@Threei}  frikin FB
01[14:43] {@Threei}  got away
[14:46] {nemo} short .82 aapl
[14:46] {nemo} stop above .90
[14:47] {nemo} 1:1
[14:48] {nemo} stop .76
[14:49] {nemo} aapl drops .60 looking at .40, the figure, and vwap
[14:51] {nemo} mmmhhh stop order didn't trigger
[14:52] {nemo} frankly didn't see .76 go by anyway
[14:52] {nemo} this could get interesting
[14:53] {nemo} stop to .66
[14:53] {nemo} I'd do .666 but I can't do three decimals
[14:55] {dino} understood
[14:58] {nemo} ahh well
[15:00] {nemo} it'll probably go now
[15:02] {dino} nice aapl short
[15:02] {nemo} they're distributing aapl...nobody really buying anymore
[15:04] {dino} out vdsi sept calls, +1.35 / 63%
01[15:06] {@Threei}  wtg
01[15:06] {@Threei}  LVS Ticking lower on circulation of blog reports that purported links to organized crime are to be unsealed
[15:08] {dino} ty
01[15:09] {@Threei}  grabbed short on 52 break, too fast to post alert
01[15:11] {@Threei}  half out +.23
[15:11] {dino} nice
01[15:11] {@Threei}  anyone got it?
[15:12] {dino} no
[15:19] {nemo} no bid on aapl
[15:20] {nemo} just machines playing range games
[15:20] {dino} sarah conner
[15:20] {nemo} which one?
[15:21] {dino} i like the 1st one
[15:21] {nemo} original, or the Heddey chick in the series
[15:21] {dino} original
[15:21] {nemo} Oh jeez, saw a woman I graduated HS with...horrible
[15:21] {nemo} bye bye appl
[15:22] {nemo} c'mon drop .40
[15:23] {dino} nice
[15:23] {nemo} should test .25-the fig
[15:23] {nemo} then maybe vwap
[15:30] {nemo} I think tomorrow gonna' be a bad day
[15:31] {dino} ?
[15:31] {nemo} market
01[15:31] {@Threei}  I'd label it as a good day
[15:32] {dino} why?
[15:32] {nemo} can't hold a bid
[15:32] {dino} churning is what i see
[15:32] {nemo} think down tomorrow unless some goldilocks news comes out
[15:32] {nemo} distribution
[15:32] {dino} still in that range, buy 17600-700 sell 18,200
[15:38] {dino} lly luv today
[15:40] {dino} lly getting spikey
01[15:41] {@Threei} Long Setup:  WFC  .70 break
01[15:41] {@Threei}  If holds  .64
[15:42] {nemo} wow lly
01[15:42] {@Threei}  LUV Ticks up on circulation of JP Morgan commentary suggesting LUV is raising some prices
01[15:45] {@Threei}  Invalidated
01[15:45] {@Threei}  ok guys, ending on this
01[15:45] {@Threei}  pretty decent day
01[15:45] {@Threei}  thank you all, have a good evening
01[15:45] {@Threei}  see you tomorrow
[15:47] {dino} gn

June 08 2015

One of those wonderful "can do no wrong" days when every trade works. Many strong ones, some scalps, some traditional stocks, some out of the left field, amounting to very nicely profitable day.



Session Time: Mon Jun 08 00:00:00 2015
[09:04] {RonS} gm
01[09:05] {@Threei}  ron :)
[09:11] {nemo} low SPY volume
01[09:23] {@Threei}  Upside:
01[09:23] {@Threei}  -MXL +8.5% (Soros Fund Mgmt discloses 5.19% passive stake)
01[09:23] {@Threei}  -GLPG +7.1% (several brokers initiate w/positive rating)
01[09:23] {@Threei}  -AGEN +4.9% (momentum from Merck collaboration)
01[09:23] {@Threei}  -SHLD +4.2% (earnings)
01[09:23] {@Threei}  -BRLI +3.2% (earnings)
01[09:23] {@Threei}  -CYBR +2.5% (momentum from US government employees hack)
01[09:23] {@Threei}  -FEYE +2.4% (momentum)
01[09:23] {@Threei}  -OPK +2.4% (momentum)
01[09:23] {@Threei}  Downside:
01[09:23] {@Threei}  -BUD -3.2% (profit taking from M&A speculation run-up)
01[09:23] {@Threei}  -DEO -2.2% (profit taking from M&A run-up re: Lemann potential purchase)
01[09:23] {@Threei}  -SHPG -2.7% (press report re: informal approach for ATLN.CH few weeks ago)
01[09:23] {@Threei}  -WYNN -3.4% (negative Macau broker commentary LVS -3.3%)
01[09:27] {@Threei}  Barron's looks at the field of 19 Republican presidential candidates and picks the strongest seven from among them, noting that though Marco Rubio and Ted Cruz will have staying power, the final contenders are likely to be Jeb Bush and Ohio governor John Kasich.
01[09:31] {@Threei} Long Setup:  FB  .80 break hl
01[09:32] {@Threei}  If holds  .70
01[09:32] {@Threei}  change to .75
01[09:33] {@Threei}  1:1
01[09:33] {@Threei}  1:2
01[09:36] {@Threei}  (RU) Russia May Light Vehicle Car Sales Y/Y: -37.7%
01[09:36] {@Threei}  nice performance
01[09:39] {@Threei} Short Setup: JPM  .45 break
01[09:39] {@Threei}  If holds  .55
01[09:43] {@Threei}  1:1
01[09:46] {@Threei} Long Setup:  VXX  .30 break
01[09:46] {@Threei}  If holds  .20
[09:47] {nemo} chopfest
01[09:50] {@Threei}  let's crash, SPY
01[09:51] {@Threei}  a bit crasher please
01[09:51] {@Threei}  or is it crashisher
01[09:55] {@Threei}  let's trail stop to .24
[09:56] {dino} tbra spike, thin
01[10:00] {@Threei}  half out
[10:01] {dino} expe drop
01[10:03] {@Threei}  stop .29
01[10:09] {@Threei}  HUM Reportedly cancels from the appearance at a Goldman Sachs conference
[10:09] {dino} expe sm l .75
01[10:10] {@Threei}  FB Said to have given up on plan to build satellite to provide internet service to remote areas in places like Africa
01[10:10] {@Threei}  because Africa is hard
01[10:11] {@Threei}  let's better spy on US users
[10:13] {dino} expe to b/e
[10:14] {dino} scty drop
[10:16] {dino} expe stopped flat
01[10:19] {@Threei} Short Setup: TWTR  .75 break
[10:20] {dino} scty sm l .65 stop .47
01[10:21] {@Threei}  If holds  .85
01[10:25] {@Threei}  die TWTR
01[10:25] {@Threei}  and tweet us from the other side
01[10:26] {@Threei}  from another shore of Stix
01[10:27] {@Threei}  where chaeron will introduce you to osiris
01[10:27] {@Threei}  how's that for mixed metaphore?
[10:27] {nemo} quite
[10:28] {dino} out scty .94, +.29
01[10:30] {@Threei}  1:1
[10:36] {dino} chrs spike
[10:37] {nemo} the small bios have been going nuts
[10:37] {dino} yeah, short killers
[10:40] {dino} tbra crazy
[10:41] {dino} chrs sm s .20 gappy
[10:48] {nemo} was there any aapl news?
[10:48] {dino} music broad band or something
[10:48] {RonS} they have some kind of developers conference today
01[10:52] {@Threei}  [AAPL] Said to unveil augmented music service that will challenge Spotify and Pandora on Monday - financial press - Report noting the "Apple Music" to be launched during a keynote presentation kicking off the company's weeklong Wordwide Developers Conference.- Follow up: Apple is also said to be building a high-speed data network and upgrading how it builds data centers to better compete with cloud services from Google, Amazon and Microsoft. Apple wants to own pipes linking its four large U.S. data centers and Internet hubs in certain cities to ensure fast, reliable delivery of content and services.
[10:52] {dino} chrs bstopped .48 -.28
[10:54] {dino} amsc
[10:57] {dino} amsc s .60
[11:02] {RonS} many noting that aapl has dropped every day of this conference 2003-2014...
[11:06] {dino} celg
[11:07] {RonS} celg takeout chatter...
[11:08] {dino} ptct spike, hell f a daily
[11:17] {RonS} pozn for a pretty picture...
[11:19] {dino} signed $140m agreement?/
01[11:20] {@Threei}  Announces Strategic Acquisition of Tribute and Growth Capital Commitment from Leading Healthcare Sponsors for $146M Announced the acquisition of Tribute Pharmaceuticals Canada Inc. (Tribute) (TSXV:TRX or OTCQX:TBUFF), a Canadian specialty pharmaceutical company, in a transaction valued at approximately US$146 million.
[11:20] {dino} amba crazy again
[11:22] {dino} pozn sm s .52
[11:25] {dino} cov amsc .45, +.15
01[11:26] {@Threei} Short Setup: MON  .60 break hl
01[11:27] {@Threei}  Invalidated
01[11:27] {@Threei} Short Setup: KLAC  .40 break
01[11:28] {@Threei}  If holds  .50
01[11:29] {@Threei}  1:1
[11:32] {dino} pozn bs to .25
[11:34] {dino} cov pozn .22, +.30
[11:35] {dino} damn, nran bs too tight
01[11:36] {@Threei}  1:2
[11:37] {dino} gj
01[11:38] {@Threei}  ty
01[11:38] {@Threei}  decent day
01[11:38] {@Threei}  morning
01[11:40] {@Threei}  1:3
01[11:40] {@Threei}  out
01[11:52] {@Threei}  1:4
[12:13] {dino} wso drop
[12:15] {dino} smr l .20
01[12:18] {@Threei} Long Setup:  TWX  .55 break hl
01[12:18] {@Threei}  If holds  .45
01[12:19] {@Threei}  The G7 meeting has wrapped up with lots of headlines, some rumors and President Obama's press conference. Overnight a French official was quoted as saying Obama told fellow G7 leaders that the strong dollar is a problem, drawing a swift rebuttal from US officials. G7 members said they were prepared to implement more restrictive measures to boost costs to Russia for its actions in Ukraine and talked about speeding up trade talks.
01[12:21] {@Threei}  Invalidated
01[12:38] {@Threei} Short Setup: SPWR  .80 break
01[12:39] {@Threei}  If holds  .90
[12:59] {RonS} Greek finance minister says we need a deal in order to avert an 'accident'
01[13:00] {@Threei}  accident eh
01[13:00] {@Threei}  after 5 years of bickering Greece accidentally fell out of EU
01[13:00] {@Threei}  I like it
01[13:12] {@Threei}  1:1
01[13:28] {@Threei}  1:2
[13:29] {dino} gj
01[13:29] {@Threei}  ty
01[13:29] {@Threei}  nice day shapes up
[13:29] {dino} bit light here
01[14:13] {@Threei}  1:3  SPWR  baby, close enough
01[14:13] {@Threei}  out'
01[14:24] {@Threei}  (GR) Greece and lenders said to be considering an extension to bailout program through the end of March 2016, Greece not supportive of a program after March - financial press - funds to help Greece may come mostly from the recapitalization funds that are left over
01[14:25] {@Threei}  lol
[14:25] {dino} kick the can
01[14:25] {@Threei}  this makes no sense
01[14:26] {@Threei}  if there are enough funds to sustain Greece for another year, what is the hoopla about
[14:27] {dino} politicians trying to look like they avoided a crisis
[14:39] {dino} clmt sm l .96
[14:48] {dino} ohgi spike
[15:01] {dino} clmt stopped .77 -.19
[15:09] {dino} out wso .51, +.21
01[15:18] {@Threei}  [SMSI] Ticking higher on circulation of reports that Facebook is promoting beacon advertising - Source TradeTheNews.com
01[15:18] {@Threei} Long Setup:  VXX  .40 break
01[15:18] {@Threei}  If holds  .30
[15:33] {dino} eglt sm s .30
[15:34] {RonS} what number do i call to trade this?
01[15:34] {@Threei}  move your butt VXX, while we are young
01[15:35] {@Threei}  lol ron
01[15:35] {@Threei}  trades by appointment
01[15:38] {@Threei}  half out baby
01[15:38] {@Threei}  beautiful day
[15:39] {dino} gj vad
01[15:39] {@Threei}  ty
01[15:39] {@Threei}  one of those "can do no wrong"
[15:46] {dino} atml spike and halt
01[15:46] {@Threei}  [ATML] Reportedly working with advisors on strategic options that could include a sale of the company
[15:55] {dino} aac sm l .48
01[15:55] {@Threei}  ok guys, closing VXX here
01[15:55] {@Threei}  thank you all, have a good evening
01[15:55] {@Threei}  see you tomorrow
[15:59] {dino} out eglt .37 -.07
[15:59] {dino} gn all

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: Greece and Looming Fed Action Spur More Volatility
Fri, 05 Jun 2015 16:04 PM EST

Choppy trading in stocks, bonds, and currency whipped the markets around this week. At his post rate-decision press conference, ECB President Draghi warned that people need to get used to heightened volatility, adding more instability to an already unpredictable market. Greece crept closer to the edge, as leaders in Athens held out from agreeing to their creditors' "final offer" and pushed back repayments of IMF debt until the end of June. The US May jobs data was very strong, keeping alive the prospect of a September Fed hike, rekindling jitters that higher rates are in sight. The Atlanta Fed raised its tracking estimate for Q2 GDP by three-tenths to 1.1% after the trade deficit narrowed to $40.9 billion in April from March's six-year high of $51.4 billion, a steeper decline than expected. More breathtaking volatility on the Shanghai Composite ended in a nearly 9% rally on the week after official PMI numbers missed expectations and sustained hopes for more PBoC easing. In the same timeframe, US stocks mostly lost ground: the DJIA slipped 0.9%, the S&P500 fell 0.7%, while the Nasdaq was flat on the week.

Bond volatility was extremely pronounced this week as traders juggled monetary policy divergence between the US and the rest of the world against the threat of a Greek default. The yield on the German 10-year bond soared from 0.50% last Friday to an eight-month high of 0.99% on Thursday before easing slightly on Friday. The 10-year US yield hit a fresh 2015 high of 2.44% on Thursday and matched that level again after the jobs report, up from 2.12% last Friday. EUR/USD was similarly volatile, rising more than four and a half big figures from 1.0900 as high as 1.1380 on Thursday before the strong jobs report sent the pair back as low as 1.1050. USD/JPY was less choppy as the pair tested the key level of 124.50 all week before breaking higher on Friday, to 125.80, after the jobs report.

The May US jobs report was the best yet in 2015: non-farm payrolls gained 280K from a revised 221K total in April, and the number of discouraged workers fell to the lowest level since 2008. The unemployment rate rose one-tenth to 5.5%, but that was largely attributable to a rise in the workforce participation rate. After wage growth data missed expectations in two of the last three months, the May report was better than forecast, with hourly earnings rising 0.3% in the month and taking the y/y growth rate to a five year high of 2.3%. The jobs data solidified market expectations of a rate hike in September, as reflected by fed funds futures.

Ahead of the jobs report, the IMF had cut its 2015 US growth forecast to +2.5% from +3.1% and called on the Fed to delay its first rate hike until 2016. The IMF said it does not expect inflation to reach the Fed's 2% inflation forecast until mid-2017 and warned rate hikes could trigger abrupt rebalancing in global markets. Dovish Fed governors Brainard and Tarullo seconded some of the IMF's critiques. Brainard cautioned that if Fed policy diverges from other central banks, US financial conditions would tighten and slow the normalization process. Tarullo said the US economy had lost momentum and asserted that sluggishness in Q1 could not be blamed entirely on transitory issues like the weather and the West Coast ports slowdown.

There was no letup in the Greece rollercoaster this week. On Monday, Greece's major creditors presented Athens with a "final offer" and warned rejection could put the nation in default. Meanwhile, the Greeks offered a counterproposal which offered no new concessions on pension and labor issues. The creditors continue to ask for pension cuts, VAT tax reform and sustained privatization. Athens is disputing the pension and VAT reforms, and wants lower primary budget surplus targets. According to reports, creditors want a budget surplus of 1% of GDP this year and 2% next, while Greece has proposed 0.8% for 2015 and 1.5% for 2016. Snap elections are looking like a possibility as Syriza's left wing makes more complaints about the negotiations. Negotiations between Athens and its creditors are to continue this weekend.

At the ECB's post rate-decision press conference, Draghi reaffirmed the council's commitment to following through with its full slate of QE bond purchases through 2016 and crowed that all is going exactly according to plan. The ECB staff raised its forecast for 2015 inflation to +0.3% from flat prior, after lowering it to that level from +0.7% back in March due to the oil price collapse. Responding to recent gains in inflation, Draghi said inflation is nowhere near the ECB's target and that the total amount of purchases under QE should be adequate, and suggested if anything the ECB could even expand purchases if necessary.

As expected, OPEC maintained its current production ceiling unchanged at 30M bbl per day at its spring meeting in Vienna. Saudi Oil Minister al Naimi claimed the meeting was amicable, however other sources suggested that many non-Gulf OPEC members had lobbied hard for a production cut to help support prices. Russian representatives were in Vienna, and Russia Energy Minister Novak seemed to support the organization's decision to hold steady, saying that any coordinated oil production cut would be detrimental in the longer run. The Iranians meanwhile promised to hike output 1.0M bpd as soon as sanctions are lifted, but delegates said they would address any Iran production increase only after it was a reality.

May auto sales rose to a seasonally-adjusted annualized rate of 17.8M units, the highest sales rate since the summer of 2005. General Motors and Fiat Chrysler sales were better than expected, up 3% and 4% y/y, respectively. Ford's sales also beat expectations, but fell 1.3% y/y, including a 9.7% y/y decline in the company's F-series trucks. Toyota and Nissan saw slight y/y declines, with sales in line with expectations.

The big merger news of the week was Altera, which agreed to be acquired by Intel for $16.7 billion in stock and cash, in a deal valued at $54 a share. Opko Health agreed to buy Bio-Reference Laboratories in an all-stock deal valued at about $1.5 billion. Opko said it would pay 2.75 shares for each Bio-Reference share, or about $52.58 per share. Investors do not seem enthusiastic about either deal: shares of OPK are down 8% on the week, while INTC is off 7%. Shares of Dish Network pointed skyward on reports T-Mobile was pursuing the company, although CNBC's Faber cautioned that while talks between the two firms have momentum, there are plenty of issues to work out. Friday afternoon, global beverage firms bubbled higher on a report that Brazilian foods magnate Lemann is mulling a bid for Diageo, sending shares of the alcoholic beverages company up more than 5%.

The Shanghai Composite bounced nicely after the steep selloff late last week, and by Friday it reached new 7-year highs above the 5,000 mark for a rather lucky 8.888% weekly gain. May PMI data continued to favor the official figures gauging performance of state-owned enterprises over the smaller firms measured by HSBC. The official manufacturing PMI was in expansion for the 3rd straight month, rising fractionally to 50.2, while the HSBC version marked its 3rd straight contraction. China's official non-manufacturing PMI slid to 53.2 from 53.4, a 3-year low. Economists with HSBC as well as Goldman Sachs were generally unimpressed with the results, anticipating continued steady easing by the PBoC. Next week will see the release of China's other mainstay metrics for May, including inflation, trade, lending and industrial output.

In contrast to China, the stock market in Australia has rolled over, with S&P/ASX falling some 5% for a 4-month low below 5,500. Investors had anticipated the RBA to recommit to an easing bias at its decision this week, but the policy board took a more neutral and data-dependent view in light of a slightly better than expected Q1 GDP report. Later in the week, incoming data only justified more caution, with retail sales growth slowing to a 1-year low and trade balance posting its biggest deficit on record going back to the early 1970s.

June 05 2015

Nice strong trading sessions with a few juicy wins, making it a good end to the week


Session Time: Fri Jun 05 00:00:00 2015
[09:05] {dino} gm
[09:05] {RonS} gm
01[09:05] {@Threei}  dino :)
01[09:05] {@Threei}  ron :)
01[09:07] {@Threei}  chaeron's entrance was nothing if not grand yesterday
01[09:07] {@Threei}  over an hour after market close, mind you:
01[09:08] {@Threei}  [17:08] {Chaeron} Hey!!! Where is everybody? Get those traders back in here!!!! Turn those machines back on!!! Turn those machines back on~!!!!!!! https://www.youtube.com/watch?v=j4SRsGn14PI
[09:08] {dino} lol
[09:18] {nemo} IWM looks short
01[09:24] {@Threei}  Upside:
01[09:24] {@Threei}  -JASO +15% (received going-private bid valued at $9.69/ads)
01[09:24] {@Threei}  -ALDR +5.5% (momentum from CEO appearance on Mad Money Thursday night)
01[09:24] {@Threei}  -GSIT +4.5% (confirmed receipt of unsolicited $6.5.shr bid from GIG)
01[09:24] {@Threei}  -DMND +3.7% (earnings)
01[09:24] {@Threei}  -QUNR +3.5% (offering 6.5M shares priced at $47.50/shr)
01[09:24] {@Threei}  -ZOES +3.2% (earnings)
01[09:24] {@Threei}  Downside:
01[09:24] {@Threei}  -ZUMZ -11% (earnings)
01[09:24] {@Threei}  -ESL -9% (earnings)
01[09:24] {@Threei}  -COO -2.2% (earnings)
01[09:24] {@Threei}  -PAY -2% (earnings)
01[09:24] {@Threei}  -VOD -2% (confirmed early stage talks with Liberty related to possible exchange of selected assets)
01[09:24] {@Threei}  now here is a stock wishing for another symbol:
01[09:24] {@Threei}  -ISIS +2.2% (announced licensing agreement with Bayer for ISIS-FXI Rx received HSR approval)
[09:25] {cosmo} Egyptian goddess...right?
[09:25] {nemo} mother of Horace
[09:25] {cosmo} yep
01[09:27] {@Threei}  is father known?
[09:29] {nemo} yeah, think it's the god of the underworld, name escapes me at the moment
01[09:29] {@Threei}  Hades
[09:29] {nemo} no, that's the Roman
01[09:29] {@Threei}  Pluto
[09:29] {cosmo} Corvus?
[09:30] {nemo} and there goes IWM
[09:31] {nemo} Osiris I think
[09:31] {cosmo} husband
[09:31] {cosmo} brother too
[09:31] {nemo} of Isis
[09:31] {cosmo} yep
01[09:33] {@Threei} Long Setup:  FB  .82 break
01[09:33] {@Threei}  If holds  .90
01[09:34] {@Threei}  Invalidated
[09:35] {cosmo} precious metals getting tarnished
01[09:35] {@Threei} Long Setup:  FB  .80 break
01[09:35] {@Threei}  If holds  .70
[09:35] {nemo} Ron rubbed off on you already
[09:35] {cosmo} silver looking more like zinc
01[09:35] {@Threei}  1:1
01[09:36] {@Threei}  1:2
01[09:36] {@Threei}  1:3
01[09:37] {@Threei}  out
01[09:41] {@Threei}  NVDA Seeing early put tradesJul 22 puts trading at $0.90
01[09:43] {@Threei} Long Setup:  VXX  .55 break
01[09:46] {@Threei}  change to .50 break
01[09:46] {@Threei}  If holds  .40
01[09:50] {@Threei}  struggle
[09:53] {dino} 07 green scroll
[09:53] {dino} expe sm l .65
01[09:53] {@Threei} Long Setup:  FCX  .50 break
01[09:53] {@Threei}  If holds  .40
01[09:54] {@Threei}  no go VXX
01[10:02] {@Threei}  1:1
[10:03] {dino} -markets giving greece the middle finger
01[10:05] {@Threei}  just confident that this or that way but it's going to be resolved or kicked down the road again
01[10:09] {@Threei}  1:2
[10:10] {dino} out expe flat
[10:29] {dino} asps sm l .50
[10:29] {dino} adpt spike
01[10:37] {@Threei}  [FSLR] Hearing takeover chatter - Rumored to have hired advisors to evaluate a potential takeover offer; WMT rumored as a potential bidder, with price chatter in low $70's
[10:37] {dino} adpt wow
[10:46] {dino} le drop
[10:47] {dino} yy
01[11:00] {@Threei}  OK, this headline certainly makes my day
01[11:00] {@Threei}  Drunken Russian destroys Lenin statue while trying to take selfie
[11:01] {dino} roflol
[11:25] {dino} yy sm s .18
01[11:28] {@Threei} Long Setup:  FB  82 break
01[11:28] {@Threei}  If holds  .90
01[11:31] {@Threei}  Invalidated
01[11:49] {@Threei}  Analysts note that OPEC has been producing more than quota for the last 12 months. The Iranians meanwhile promised to hike output the day sanctions are lifted. WTI is testing yesterday's lows just below $57, after trading above $61 earlier in the session. Brent is just above $61, at two-month lows.
01[12:05] {@Threei} Long Setup:  VXX  .25 break
01[12:05] {@Threei}  If holds  .15
[12:05] {dino} yy stopp -.30
[12:05] {dino} not my day
[12:05] {dino} lots of stops and rinses
[12:06] {dino} taking a break
01[12:23] {@Threei}  (GR) Greece PM Tsipras: we have entered the last phase of talks with creditors - Greek Parliamentary briefing - We are being fully transparent and aim for a mutually beneficial solution with Europe- Our proposal to lends was complete and the only realistic framework for reaching a deal
01[12:27] {@Threei}  half out VXX
01[12:27] {@Threei}  stop .19
01[12:29] {@Threei}  1:1
01[12:29] {@Threei}  to .24
01[12:30] {@Threei}  1/4 more out
01[12:30] {@Threei}  stop .29
01[12:31] {@Threei}  - Disappointed by Juncker proposal, it backtracked on some of the common ground reached in recent months; can't agree to unrealistic proposals; hopes creditors will withdraw their proposal
01[12:31] {@Threei}  Greece makes our VXX play
01[12:32] {@Threei}  SPY says Osiris, where are though
01[12:32] {@Threei}  thou
[12:32] {nemo} art thou
01[12:32] {@Threei}  darn autocorrect
[12:47] {RonS} could God even do it?  ...Tsipras says key goals: Lower primary surplus, debt restructuring, safeguard pensions, income redistribution, collective contracts, stimulus
01[12:48] {@Threei}  Oisris, maybe
[13:46] {dino} le l .70
[13:48] {dino} kyth spike
01[13:59] {@Threei} Long Setup:  FB  .15 break
01[13:59] {@Threei}  If holds  .05
[14:05] {dino} rsti hl s .08
01[14:14] {@Threei}  1:1
01[14:19] {@Threei}  1:2
[14:24] {dino} cov rsti .84, +.24
[14:25] {dino} out le .83, +.13
01[14:25] {@Threei}  restoring confidence :)
[14:26] {dino} slowly. startred o for 4, with 3 rinses. un-f'ing-believable
01[14:31] {@Threei}  that's what I call a clusterf*ck
[14:32] {dino} seriously. whats w/the rinses. driving me nuts
[14:45] {dino} back in 30
06[15:15] * @Threei slaps Chaeron around a bit with a large roll of cash
[15:15] {Chaeron} thank you... thank you very much
01[15:15] {@Threei}  :)
[15:15] {Chaeron} Hi 3i, Nemo, Dino, Ron...
[15:15] {Chaeron} Nice to meet you jm
[15:16] {Chaeron} (You guys miss the politeness Larisa and I brought to the room...)
[15:16] {nemo} bullshit
[15:17] {Chaeron} heheheh.. hi nemo. Now go kill yourself... thre.. is that more like it?
[15:19] {nemo} not in a good mood...bunny got killed last weekend
[15:19] {nemo} VXX long might be a play
01[15:19] {@Threei} Long Setup:  VXX  .10 break
01[15:20] {@Threei}  yup
01[15:24] {@Threei}  see DEO, dino?
01[15:34] {@Threei}  stop .04
[15:35] {dino} hey chaeron, welcome back
[15:36] {dino} deo smr s .56
[15:37] {dino} no go stop
[15:38] {dino} break .00 reload short
[15:39] {nemo} what's the news?
[15:39] {dino} buyout rumor
01[15:42] {@Threei}  taking scalp on VXX
01[15:42] {@Threei}  good day, time for the weekend
01[15:42] {@Threei}  thank you all, have a good weekend
01[15:42] {@Threei}  see you Monday
[15:43] {dino} smr s .49
[15:46] {dino} cov deo .99, +.50
[15:54] {dino} gn all
[15:54] {nemo} P&Q

June 04 2015

Nice first half of the day, ending with juicy 1:3er on LGF long, and just a chop on last two hours. Still positive for the day though

Session Time: Thu Jun 04 00:00:00 2015
[09:03] {dino} gm
01[09:03] {@Threei}  dino :)
[09:05] {RonS} gm
01[09:06] {@Threei}  ron, welcome back
01[09:06] {@Threei}  you want to track greek tragedy real time eh? :)
[09:08] {RonS} guess so, seems neverending...like the old Soviet Union...until it isn't...
01[09:10] {@Threei}  I suspect they got so used to this and started seeing it as their main job that they will keep it going just for the sake of doing something every day
[09:10] {dino} welcome back ron
[09:11] {RonS} hi dino, how's the big hitter?
[09:11] {dino} still grinding it out
[09:12] {RonS} ...golf comment...grinding there too?
[09:14] {dino} played last night, was even par after 8, then put my tee shot ob. ended up 3 over for 9.
[09:18] {RonS} 3i, when does school end?  heard from ese at all?
01[09:18] {@Threei}  yes, July
01[09:18] {@Threei}  around 10th if I remember correct
[09:18] {RonS} wow
[09:19] {cosmo} that's summer school..right?
01[09:19] {@Threei}  nemo will be late today (in case you are missing him horribly and wondering when oh when he is coming in)
01[09:19] {@Threei}  no, regular
[09:19] {cosmo} ugh
01[09:19] {@Threei}  end of June for kids, a week or so more for teachers
[09:19] {cosmo} ah
[09:21] {dino} oh
01[09:22] {@Threei}  uh
01[09:22] {@Threei}  {ese} eh
[09:23] {dino} lol
01[09:26] {@Threei}  Upside:
01[09:26] {@Threei}  -BRLI +44% (being acquired by OPK)
01[09:26] {@Threei}  -AVEO +23% (r'cvd European regulatory guidance regarding potential marketing authorization application for Tivozanib)
01[09:26] {@Threei}  -GEVO +9% (breakthrough will allow it to produce isobutanol from cellulosic feedstocks such as wood which can be converted to jet fuel)
01[09:26] {@Threei}  -VISN +8% (announced financial transaction led by BIDU; will collaborate with BIDU on urban public transportation WiFi network development)
01[09:26] {@Threei}  -FIVE +7% (earnings)
01[09:26] {@Threei}  -TMUS +6.6% (talks between DISH/TMUS have momentum, however there are issues like price & minority share protections)
01[09:26] {@Threei}  -EYES +5% (disclosed OH/KY CGS administrators agreed to cover Argus II prosthesis system)
01[09:26] {@Threei}  -DISH +4.5% (talks with TMUS)
01[09:26] {@Threei}  -CIEN +4.4% (earnings)
01[09:27] {@Threei}  Downside:
01[09:27] {@Threei}  -OPK -6.6% (negative comments from Feuerstein re BRLI acquisition)
01[09:27] {@Threei}  -AER -2% (sale of stock by AIG)
01[09:27] {@Threei}  -BLUE -2% (amended exclusivity agreement with CELG for 2 anti-BMCA candidates)
01[09:31] {@Threei} Long Setup:  VXX  .05 break
01[09:32] {@Threei}  If holds  .95
01[09:33] {@Threei}  no go
01[09:35] {@Threei}  rinse
01[09:36] {@Threei}  (US) IMF calls on the Fed to delay first rate hike unitl 2016, cuts US growth forecast - does not expect inflation to reach Fed's 2% inflation forecast until mid 2017
[09:37] {dino} lol, advice from the imf
01[09:37] {@Threei}  yeah
01[09:39] {@Threei} Long Setup:  TWTR  .40 break
01[09:39] {@Threei}  If holds  .30
01[09:40] {@Threei}  1:1
[09:42] {cosmo} dino got kicked by imf?
[09:42] {dino} computer gremlins
[09:43] {cosmo} ah
01[09:43] {@Threei}  1:2
[09:44] {dino} expe gap filled
01[09:45] {@Threei} Long Setup:  FB  .70 break
01[09:45] {@Threei}  If holds  .60
01[09:46] {@Threei}  1:3  TWTR
01[09:47] {@Threei}  1 cent to 1:1, FB
01[09:47] {@Threei}  ugh
01[09:50] {@Threei} Long Setup:  FCX  .50 break
01[09:52] {@Threei}  Invalidated
01[09:53] {@Threei}  FCX, valid again
01[09:53] {@Threei}  If holds  .40
[09:56] {dino} aldr spike
01[09:58] {@Threei}  ALDR CEO to appear on Cramer's Mad Money tonight
01[10:00] {@Threei}  1:1
[10:02] {dino} ty
01[10:02] {@Threei}  :)
[10:11] {dino} visn spike
[10:12] {dino} visn sm s .59
01[10:14] {@Threei} Short Setup: MCD  .80 break
01[10:14] {@Threei}  If holds  .90
[10:15] {dino} cov visn .80, +.79
[10:15] {RonS} gj
01[10:15] {@Threei}  wtg
[10:15] {dino} ty
01[10:16] {@Threei}  Invalidated
[10:17] {dino} atra spikey
[10:18] {dino} vimc drop
01[10:25] {@Threei}  (GR) IMF's Lagarde: Bundling Greece's June IMF debt payments is not likely to happen, given statements of Greek officials
[10:31] {dino} -100, then flat, now -100 coming
[10:37] {RonS} qotd:  Hillary makes FIFA look transparent
01[10:37] {@Threei}  lol
01[10:40] {@Threei}  Putin takes FIFA thing hard
[10:42] {dino} cavm spike
[10:47] {dino} ugh, missed cavm short by .02
[10:48] {dino} ehic spike, thinking its a modern hic
[10:51] {dino} bmy spike
[10:52] {dino} sm s .59
01[10:52] {@Threei}  BMY Hearing vague chatter company considering a sale of the company and has hired advisors to evaluate an approach from a possible suito
[10:55] {dino} cov bmy .22, +.37
[10:55] {dino} and i hear vague voices in my head, or is that dogs barking?
[10:56] {RonS} thought dogs barking referred to feet...
[10:57] {dino} tired dogs
[10:57] {dino} rebel yell on tunes
[10:57] {dino} rockin' out this morning
[10:58] {dino} wow, covered that too soon
[10:58] {dino} cavm attempting to hit its hod
[11:19] {dino} cavm sm s .76, bs .01
[11:20] {dino} cov cavm .46, +.30
[11:23] {dino} hmmm, its like i am talking to myself
01[11:23] {@Threei}  you are
01[11:23] {@Threei}  what else is new
01[11:23] {@Threei}  nemo does regularly
[11:23] {dino} this is true
[11:24] {RonS} nemo hand signs to himself...and replies with his feet...
01[11:24] {@Threei}  lol
[11:24] {dino} caveman wiggling in .50 increments
[11:26] {RonS} cavm...isn't that on the element chart?
[11:27] {dino} perhaps
[11:27] {dino} new hod
01[11:37] {@Threei}  feels like breakdown is coming in SPY
[11:41] {dino} cpla spike
[11:58] {dino} taking a lunch hour
01[12:03] {@Threei}  The details of Europe's offer to Athens have come out this morning. Greece's creditors called for increases in the VAT tax and pension cuts, plus more privatizations. More importantly, the offer includes plans to allow the EFSF to provide almost €11B in support for the July-August period. Tsipras is reportedly not happy about the VAT and pension components, as they still press his party's red lines. The Eurogroup's Dijsselbloem said that differences with Greece were narrowed but still remain substantial.
01[12:04] {@Threei}  listening to Rubio... first really sane candidate I've seen in a good while
01[12:31] {@Threei} Long Setup:  LGF  .80 break
01[12:31] {@Threei}  If holds  .70
[12:41] {RonS} thinkin this is must be a silent movie...
01[12:41] {@Threei}  lol
[12:41] {RonS} or black and white?
01[12:41] {@Threei}  green and red on my charts
01[12:42] {@Threei}  green faces... yikes
01[12:42] {@Threei}  even worse than blue ones in that idiotick sci-fi flick
01[12:42] {@Threei}  avatar?
01[12:44] {@Threei}  see? in just 12 minutes it triggered
01[12:44] {@Threei}  in 3 hours it will be at 1:1
01[12:45] {@Threei}  hmmm... maybe faster
[12:45] {RonS} giddyup
01[12:46] {@Threei}  even giddyupper now
01[12:46] {@Threei}  1:1
01[12:46] {@Threei}  ever thought it could be this fast?
01[12:52] {@Threei}  (GR) Germany Chancellor Merkel: talks with Greece are far from any conclusion - Greece Fin Min: Creditors must come to more realistic proposals (Greece PM earlier characterized the lender proposals as extreme)
[12:54] {RonS} if this keeps going dino will show up and short it...
01[12:55] {@Threei}  lol
[13:04] {RonS} out here...thanks 3i
01[13:04] {@Threei}  1:2
01[13:04] {@Threei}  yw :)
01[13:36] {@Threei}  1:3
[13:37] {RonS} wtg
01[13:38] {@Threei}  ty
01[13:41] {@Threei} Short Setup: MON  .50 break
01[13:41] {@Threei}  If holds  .60
01[13:42] {@Threei}  Greece Fin Ministry has formally rejected the creditors proposals as it would create more poverty and unemployment
01[13:53] {@Threei}  no go
01[13:56] {@Threei} Long Setup:  VXX  .45 break
01[13:56] {@Threei}  If holds  .40
01[13:58] {@Threei}  now we need one more panic Greece headline
01[13:59] {@Threei} Short Setup: PG  .10 break
01[13:59] {@Threei}  If holds  .20
01[14:03] {@Threei}  let's trail PG to .16
01[14:04] {@Threei}  market gets a bit hectic
01[14:12] {@Threei}  meh PG
[14:13] {dino} zzzzzzzzzzzzzzzzz
01[14:14] {@Threei}  missed nice 1:3er dino
[14:14] {dino} yeah, i see that above, gj
01[14:14] {@Threei}  LGF, from .80 to .10
01[14:14] {@Threei}  after that just chop chop
[14:14] {RonS} even jf could have caught that one...
01[14:15] {@Threei}  hehe
[14:15] {dino} decent morning
01[14:15] {@Threei}  now, this is interesting headline for standups:
01[14:15] {@Threei}  FB Introduces Facebook Lite, a stripped down app for users in the developing world
[14:15] {dino} i have a meeting at 3:00, so unless something pops up soon, i may be done for the day
[14:21] {RonS} lol facebook light... fo Starvin Marvin from South Park?
[14:21] {dino} lol
[14:23] {dino} wow, htgm spready
[14:24] {dino} juno spike
[14:30] {dino} tbra spike, thin
[14:32] {dino} gotta hop. good luck into the close. see you tomorrow
[14:33] {RonS} cya
01[14:34] {@Threei}  take care dino
[14:35] {dino} ty
01[14:40] {@Threei} Long Setup:  FB  .85 break
01[14:41] {@Threei}  If holds  .75
01[14:55] {@Threei}  no go
01[15:00] {@Threei} Long Setup:  IWM  .50 break
01[15:00] {@Threei}  If holds  .40
01[15:03] {@Threei}  should be time for last hour rally
01[15:16] {@Threei}  nah... no rally
01[15:31] {@Threei} Long Setup:  VXX  .50 break
01[15:31] {@Threei}  If holds  .40
01[15:32] {@Threei}  last try for the day
[15:32] {cosmo} that rally would have started 5 minutes ago if we had a panic today...
01[15:33] {@Threei}  what was 5 min ago?
[15:34] {cosmo} its been awhile for this phenomin
[15:34] {cosmo} phenominin?
[15:34] {cosmo} hmm
01[15:34] {@Threei}  new medicine?
[15:34] {cosmo} nah...it's pre 911 thinking...
01[15:34] {@Threei}  ah
[15:35] {cosmo} mkt may not work that way anymore
01[15:35] {@Threei}  just wondering how 3:27 pm is significant :)
[15:35] {cosmo} its edt
[15:36] {cosmo} 3:30 actually was the expectation for an eod turn around back in the day
[15:37] {cosmo} if there was panic selling all day
[15:38] {cosmo} ...like a 5% selloff
01[15:43] {@Threei}  two hours in narrow range, just chop
01[15:43] {@Threei}  really would like to see some nice breakdown
01[15:44] {@Threei}  like this... and fast furious drop
01[15:45] {@Threei}  kind of, but faster and, ummm, furioser
01[15:45] {@Threei}  Lewis Caroll would be proud of me
[15:46] {cosmo} instead, Franz Kafka is proud of you...
[15:47] {cosmo} us
01[15:47] {@Threei}  I'll take it... just keep Lev Tolstoy away please
01[15:48] {@Threei}  (GR) Euro zone officials say near agreement with Greece on VAT, but pension reforms still an obstacle - press - Creditors worried that Greece may ultimately require a third extension of the current bailout beyond the end of June
01[15:50] {@Threei}  how about this
01[15:50] {@Threei}  nearing low
01[15:50] {@Threei}  one more step down and panic is here
01[15:51] {@Threei}  time becomes an issue though
[15:51] {cosmo} I hope it holds
01[15:52] {@Threei}  lod
01[15:53] {@Threei}  no breakdown...
01[15:53] {@Threei}  oh well
01[15:55] {@Threei}  ok guys, thank you, have a good evening
01[15:55] {@Threei}  see you tomorrow

June 03 2015

Mostly scalps with couple nice exceptions, but positive day despite all the chop-chop.

Session Time: Wed Jun 03 00:00:00 2015
01[09:29] {@Threei}  Upside:
01[09:29] {@Threei}  -SNCR +20% (company exploring a sale; drawn some interest from PE names)
01[09:29] {@Threei}  -GIII +8.2% (earnings)
01[09:29] {@Threei}  -HALO +8% (entered global collaboration & licensing agreement with ABBV)
01[09:29] {@Threei}  -ESPR +4.3% (price target increase at JMP Securities)
01[09:29] {@Threei}  -SNTA +4% (updates to Ganetesip ovarian cancer treatment)
01[09:29] {@Threei}  -MNI +3.6% (guided FY15 digital-only ad revenues to grow in the double-digit range)
01[09:29] {@Threei}  -WEN +3.1% (announced $1.4B buyback; Trian disclosed amended 24% stake)
01[09:29] {@Threei}  -GPRO +3% (positive broker commentary)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -VMEM -12% (earnings)
01[09:29] {@Threei}  -ORIG -7% (offering shares of indeterminate amount)
01[09:29] {@Threei}  -CDTI -6% (raising $5.1M through offering of 2.5M units at $2.05)
01[09:29] {@Threei}  -GRPN -4% (named Rich Williams COO; upsized repurchase program by $200M)
01[09:30] {@Threei} Long Setup:  FB  .50 break
01[09:31] {@Threei}  If holds  .40
01[09:32] {@Threei}  1:1
01[09:32] {@Threei}  1:2
01[09:35] {@Threei} Short Setup: FCX  .20 break
01[09:35] {@Threei}  If holds  .30
01[09:38] {@Threei} Long Setup:  VXX  19 break
01[09:40] {@Threei}  1:1  FCX
01[09:45] {@Threei}  *(US) MAY FINAL MARKIT SERVICES PMI: 56.2 V 56.4E
01[09:51] {@Threei} Long Setup:  JPM  .65 break
01[09:51] {@Threei}  If holds  .55
01[09:55] {@Threei}  trail to .59
01[09:57] {@Threei}  half out
01[09:57] {@Threei}  stop to .64
[10:07] {dino} gm
01[10:08] {@Threei}  dino :)
[10:10] {dino} sold those vdsi june calls, _.65/28%
01[10:11] {@Threei} Short Setup: DAL  .20 break
01[10:11] {@Threei}  If holds  .30
01[10:20] {@Threei} Short Setup: MCD  .75 break
01[10:20] {@Threei}  If holds  .82
01[10:22] {@Threei}  Invalidated
[10:22] {nemo} indexes running up on Greece hope
01[10:31] {@Threei} Long Setup:  FCX  .60 break
01[10:31] {@Threei}  If holds  .50
01[10:33] {@Threei}  change to .50 break
01[10:33] {@Threei}  If holds  .45
[10:34] {dino} hate these kind of days for trading
01[10:45] {@Threei}  1:1
01[11:40] {@Threei}  It has been a turbulent morning for global markets as participants wrangle with headlines regarding Greece deal negotiations, the ECB post rate-decision press conference and the OPEC meeting in Vienna. Bonds are selling off hard while US equities are well bid
01[11:41] {@Threei}  Regarding QE, Draghi reaffirmed the council's commitment to following through with the full program through 2016 and crowed that all is going exactly according to plan. The staff raised their forecast for 2015 inflation to +0.3% from flat prior, after lowering it to that level from +0.7% back in March due to the oil price collapse. Responding to recent gains in inflation, Draghi said inflation is nowhere near close to the ECB's targets and that the total amount of purchases under QE would be adequate, and suggested if anything the ECB could even expand purchases if necessary.
01[11:52] {@Threei}  missed VXX near .80...
[12:04] {dino} syt spike
[12:04] {dino} mon drop
[12:05] {dino} syt sm s .54
[12:06] {dino} cov 93.35, +1.19
01[12:06] {@Threei}  wtg
[12:06] {dino} lol, that was fast
[12:06] {dino} of course, old ac/dc on the radio
[12:07] {dino} gets ya going
01[12:22] {@Threei} Long Setup:  VXX  19 break
01[12:27] {@Threei}  (GR) Greece PM Tsipras, in call with Germany Chancellor Merkel and France Pres Hollande, have agreed on lower surplus targets - Greece press
01[12:28] {@Threei}  next line will be denial by Merkel and Hollande
[12:32] {dino} tsipras, "we will gladly pay you tomorrow for hamburgers today"
01[12:32] {@Threei}  or never
[12:32] {dino} :)
01[12:32] {@Threei}  but those hamburgeres better be good
01[12:35] {@Threei}  market looks breakdownish
01[12:35] {@Threei}  or not
01[12:35] {@Threei}  low volume bounce
01[12:36] {@Threei}  if does another sharp red bar, should drop hard
01[12:37] {@Threei}  nah'
01[12:41] {@Threei}  - EU's Moscovici reiterates the offer to Greece is not an ultimatum
01[12:48] {@Threei}  AMCO Ticking higher on circulation of reports that the company could seek a partnership
01[12:49] {@Threei}  CROX Seeing put activity 2600 sep 16 puts trade at $1.54
01[14:06] {@Threei} Long Setup:  IWM  .75 break
01[14:06] {@Threei}  If holds  .65
[14:08] {dino} rxdx spike
[14:11] {dino} rxdx sm s .08
01[14:15] {@Threei}  1:1
[14:20] {dino} bstoppped .29, -.21
[14:28] {dino} rinsed
01[15:11] {@Threei} Long Setup:  MCD  .60 break
01[15:11] {@Threei}  If holds  .50
01[15:19] {@Threei}  no go
01[15:31] {@Threei} Long Setup:  FB  .45 break
01[15:31] {@Threei}  If holds  .35
01[15:35] {@Threei}  change to .40 break
[15:39] {dino} life a bit of a hooker, .90
[15:40] {dino} lol, 1.12 spread
01[15:41] {@Threei}  lol
01[15:42] {@Threei}  that gives new definition to that spread
[15:42] {dino} strza whoa
[15:43] {dino} sm s .84
01[15:43] {@Threei}  half out
[15:44] {dino} cov strza .10, +.74
01[15:44] {@Threei}  wtg
[15:44] {dino} ty
[15:44] {dino} probably goes lower
[15:45] {dino} strange day, only 3 trades but very good results
01[15:45] {@Threei}  nice
01[15:45] {@Threei}  1:1
[15:46] {dino} gj
[15:46] {dino} i think w/that trade i am calling it a day. tee time in 45
[15:47] {dino} damn, it did go lower
[15:47] {dino} oh well, gn all
01[15:47] {@Threei}  take care, see you tomorrow

June 02 2015

Couple larger trades made the day positive while scalps and stops balanced each other out

Session Time: Tue Jun 02 00:00:00 2015
01[09:24] {@Threei}  GR) EU's Dijsselbloem: Creditors are still far from a deal with Greece, will not meet Athens half way ***Reminder: Earlier today, the EU confirmed that many documents on Greece are being exchanged between both sides, which is a positive sign. Last night, there were reports that all of Greece's major creditors met to draft a "final offer" to be presented to PM Tsipras. Rejection could put Greece in default.
[09:27] {dino} gm
01[09:27] {@Threei}  dino :)
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -AVEO +14% (positive coverage from CI for VeriStat Test causing positive stock move)
01[09:30] {@Threei}  -ZION +4.7% (announced corporate restructuring & positive broker commentary)
01[09:30] {@Threei}  -PVH +4% (earnings)
01[09:30] {@Threei}  -DG +4% (earnings)
01[09:30] {@Threei}  -CBRL +3.3% (earnings)
01[09:30] {@Threei}  -DB +3.3% (DB Financial services conference comments - exiting 7-10 unprofitable companies; closing 200 retail branches)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -CTRP -5.4% (talks with QUNR said to be ended)
01[09:30] {@Threei}  -ACOR -4.5% (disclosed a hold on Phase 1b clinical trial of cimaglermin alfa)
01[09:30] {@Threei}  -CG -4% (priced secondary)
01[09:30] {@Threei}  -DAL -2.5% (May metrics)
01[09:30] {@Threei}  -BXMT -2.5% (priced 10M share offering for gross proceeds of $296.5M)
01[09:30] {@Threei}  -ODFL -2 (May LTL tons/day report)
01[09:34] {@Threei} Long Setup:  FB  80 break
01[09:34] {@Threei}  If holds  .90
01[09:35] {@Threei}  no go
01[09:38] {@Threei} Long Setup:  IWM  .60 break
01[09:38] {@Threei}  If holds  .50
01[09:39] {@Threei}  1:1
[09:44] {dino} expe sm l .45
01[09:46] {@Threei} Long Setup:  FB  .80 break
01[09:46] {@Threei}  If holds  .70
01[09:52] {@Threei}  1:1
01[09:56] {@Threei}  1:2
01[09:56] {@Threei}  1:3
01[09:56] {@Threei}  out
01[09:58] {@Threei}  1:4
[09:58] {dino} gj
[10:00] {dino} asps sm l .60
01[10:01] {@Threei}  ty
[10:10] {dino} tsro sm l .65 wide
01[10:15] {@Threei} Short Setup: TWTR  .25 break
01[10:15] {@Threei}  If holds  .35
01[10:20] {@Threei}  stop to .31
[10:24] {dino} out asps .15, +.55
[10:27] {dino} out expe .87, +.42
01[10:27] {@Threei}  wtg
[10:27] {dino} ty
[10:28] {dino} tsro stop .41 -.24
01[10:40] {@Threei} Long Setup:  FB  .65 break
01[10:40] {@Threei}  If holds  .55
[10:45] {dino} tsro smr l .45
[10:49] {nemo} FB
[10:51] {dino} hznp spike
01[10:51] {@Threei}  no go
[11:02] {dino} out tsro .20, +.75
01[11:02] {@Threei}  gj
[11:02] {dino} ty
[11:04] {dino} espr drop
[11:11] {dino} moh drop
[11:12] {dino} zbra spike
[11:21] {dino} coll spike, thinny
01[11:21] {@Threei}  (GR) In latest draft proposals on Greece talks, IMF still taking a harder stance against Greece than the EC in recommended steps that must be taken - press - EC will not provide Greece with an ultimatum- Disagreements on key issues still remain, though staff appears to be seeking to reach a political agreement
[11:23] {dino} greece "give us the amount due and we will pay it to you"
[11:24] {dino} tsro drop
01[11:30] {@Threei} Short Setup: FB  .40 break
01[11:30] {@Threei}  If holds  .50
01[11:33] {@Threei}  two-sided
01[11:33] {@Threei}  long
01[11:36] {@Threei}  half out
01[11:37] {@Threei}  stop to .55
01[11:38] {@Threei}  1:1
01[11:44] {@Threei}  1:2
[11:45] {dino} gj
01[11:50] {@Threei}  ty
01[11:55] {@Threei}  1:3
01[11:55] {@Threei}  (slept through)
[11:56] {dino} understood
[11:56] {dino} this greek thing reminds me of whimpy character in popeye, "i will gladly pay you tomorrow for a hambuger today"
[11:57] {dino} clvs drop
01[12:02] {@Threei}  heh
[12:03] {dino} shld spike
[12:04] {dino} sm s .24
[12:05] {dino} cov .76, +.48
[12:05] {dino} fast
[12:05] {nemo} news on this bounce?
[12:06] {dino} nothing sice am
[12:06] {dino} since
01[12:08] {@Threei}  no
01[12:11] {@Threei}  There are dueling Greek proposals out this morning, further muddying the waters over negotiations between Athens and its creditors. Last night, there were reports that Greece's major creditors met to draft a "final offer" to be presented to PM Tsipras. Rejection could put Greece in default. Meanwhile, the Greeks said they offered "realistic proposals" that included "tough compromises," however European sources suggested Athens offered no new concessions on pension and labor issues. After the US open, the EU's Dijsselbloem said creditors were still far from a deal with Greece.
[12:21] {dino} taking lunch break
01[12:21] {@Threei}  me too... be back in an hour
01[13:09] {@Threei}  (US) EPA said to look at public health effects from carbon dioxide released from aircraft
01[13:09] {@Threei}  yeah... ban those
01[13:14] {@Threei}  FB lost ots mind
[13:27] {cosmo} they must mean carbon monoxide...
[13:27] {cosmo} they used too anyway...
01[13:27] {@Threei}  think they know what they mean?
[13:28] {cosmo} they used too
[13:28] {cosmo} those people are gone now
[14:02] {dino} zzzzzzzzzzzzzzzzzzzzzzz
[14:07] {dino} life spike, thin
[14:10] {dino} partial s .02
[14:10] {dino} wrld drop
[14:25] {dino} htz spike
[14:41] {dino} life, pita stock, cov .53, +.49
01[14:43] {@Threei}  nice
[14:44] {dino} only 100 sh, partial fill
[14:47] {nemo} loks like index bonce time
[14:48] {dino} back in 30 or so
01[14:48] {@Threei} Long Setup:  FB  .50 break
01[14:49] {@Threei}  o r .45 break short
[14:50] {nemo} SPY might have to get to vwap first
01[14:53] {@Threei}  meh
01[15:25] {@Threei}  up or down on last thrust?
01[15:25] {@Threei}  up, IMO
01[15:27] {@Threei} Long Setup:  IWM  .50 break
01[15:27] {@Threei}  If holds  .40
[15:28] {nemo} 124.60 is likely roof
[15:31] {dino} \sm s life .00
[15:32] {nemo} question is do people want to be long with Greece hannging in the balance?
01[15:34] {@Threei}  my answer is, people are confident they'll agree on something
01[15:35] {@Threei}  no one believes they played this charade for 6 years now on;y to let it all fall apart
[15:35] {nemo} then placed your bets
[15:35] {dino} don't think most people are worried about it
[15:36] {dino} retail investors don't
[15:36] {nemo} it would be the first brick in the euro wall to fall
[15:36] {nemo} who gives a fuck about retail...what would the big money think
[15:36] {nemo} ?
[15:36] {dino} spain is next
[15:36] {dino} rummblings already
[15:36] {nemo} Dead man walking
[15:37] {dino} yes
01[15:37] {@Threei}  while it all happens in negotiations realm, there won't be a collapse
01[15:37] {@Threei}  it will fall apart when masses stop negotiating and storm the buildings
01[15:38] {@Threei}  apparatchiks won't let it fall
01[15:38] {@Threei}  it's they very existence
01[15:38] {@Threei}  half out IWM
01[15:38] {@Threei}  stop .44
[15:39] {dino} sedg drop
[15:44] {dino} cov life ave .45, +.55
01[15:45] {@Threei}  wtg
01[15:45] {@Threei}  VXX trying
[15:45] {dino} ty
[15:45] {dino} that stock is wierd
01[15:48] {@Threei}  SPY just can't decided
01[15:48] {@Threei}  -d
01[15:54] {@Threei}  ok guys, thank you all
01[15:54] {@Threei}  have a good evening, see you tomorrow
[15:58] {dino} gn all

June 01 2015

Just slightly positive day, with a few scalps, a few stops and one larger trade. Choppy market in a narrow range


Session Time: Mon Jun 01 00:00:00 2015
[08:49] {dino} gm 3i
01[08:50] {@Threei}  sino :)
01[08:50] {@Threei}  d
[09:24] {Branm} GM
01[09:24] {@Threei}  branm :)
01[09:25] {@Threei}  Upside:
01[09:25] {@Threei}  -ONTY +25% (TheStreet.com's Feuerstein reviews ASCO presentations, makes positive comments about Oncothyreon's ONT-380 and ImmunoGen's IMGN853)
01[09:25] {@Threei}  -IMGN +25% (Price Target raised to $20 from $15 at Canaccord, reiterates Buy rating off positive ASCO data w/positive Feuerstein commentary)
01[09:25] {@Threei}  -ESI +17% (momentum
01[09:25] {@Threei}  -EXEL +11% (Announces Positive Results from Phase 2 Investigator-Sponsored Trial of Cabozantinib)
01[09:25] {@Threei}  -VBLT +9.3% (Reports Updated Interim Results From Phase 2 Clinical Trial of VB-111 in Recurrent Glioblastoma (rGBM))
01[09:25] {@Threei}  -CTIC +5.7% (Phase 3 Pacritinib Study Shows Significant Clinically Meaningful Results In Patients With Myelofibrosis In Late-Breaking Session At ASCO 2015)
01[09:25] {@Threei}  -KITE +5.2% (Cowen Research makes positive comments, reiterates Outperform rating)
01[09:25] {@Threei}  -JUNO +3.3% (Investigational CAR T Cell Candidate JCAR014 Demonstrates Encouraging Clinical Responses)
01[09:25] {@Threei}  -SINA _7% (CEO investment)
01[09:25] {@Threei}  Downside:
01[09:25] {@Threei}  -CLVS -7.5% (Rociletinib lung cancer data were disappointing and investors focus more on that drug than its PARP inhibitor rucaparib in ovarian cancer)
01[09:25] {@Threei}  -CLDX -2.5% (profit taking from positive ASCO data from brain cancer drug)
01[09:31] {@Threei} Long Setup:  FB  .40 break
01[09:31] {@Threei}  If holds  .30
01[09:31] {@Threei}  change to .35 break
01[09:31] {@Threei}  If holds  .25
01[09:34] {@Threei}  1:1
[09:36] {dino} nemo, expe working that 105.80 gap
[09:36] {nemo} forgot about that
01[09:37] {@Threei} Long Setup:  IWM  .10 break
01[09:37] {@Threei}  If holds  124
01[09:38] {@Threei}  no go
01[09:40] {@Threei} Long Setup:  FB  79 break
01[09:40] {@Threei}  If holds  .90
01[09:42] {@Threei}  1:1
01[09:45] {@Threei}  *(US) MAY FINAL MARKIT MANUFACTURING PMI: 54.0 V 53.8E
01[09:50] {@Threei} Short Setup: MCD  .60 break
01[09:50] {@Threei}  fast...
01[09:50] {@Threei}  If holds  .70
01[09:51] {@Threei}  no go
[09:53] {dino} clvs sm l .39
[09:55] {dino} out clvs .49, +1.10
01[09:57] {@Threei}  wtg
[09:57] {dino} ty
01[09:58] {@Threei} Long Setup:  VXX  .95 break
01[09:58] {@Threei}  If holds  .90
01[10:00] {@Threei}  *(US) APR CONSTRUCTION SPENDING M/M: 2.2% V 0.7%E
01[10:00] {@Threei}  *(US) MAY ISM MANUFACTURING: 52.8 V 52.0E; PRICES PAID: 49.5 V 43.0E
[10:06] {dino} clvs sm l .50
01[10:07] {@Threei} Long Setup:  IWM  .70 break
01[10:07] {@Threei}  If holds  .60
01[10:09] {@Threei}  nah
01[10:11] {@Threei}  listless up and down
01[10:16] {@Threei}  VXX rinse
[10:16] {dino} out clvs .02 ave +.52
01[10:24] {@Threei} Long Setup:  VXX  19 break
[10:52] {dino} wrld drop
[10:57] {dino} wrld sm l .57
[11:03] {dino} boot spike
[11:18] {dino} out wrld .20, +63
[11:18] {dino} .63
[11:20] {dino} tanh spike
[11:25] {dino} boot sm s .89
[11:32] {dino} cat sm l .92
[11:35] {dino} boot stuck, bs to .79
[11:37] {dino} cov/stop .80 ave +.09
01[11:37] {@Threei}  covered commissions? :)
[11:38] {dino} cat to b/e
[11:41] {dino} yes by $12. lol
01[11:42] {@Threei}  :)
[11:45] {dino} cat to .10
[11:48] {dino} out cat .10, +.18
[12:04] {dino} wow boot
01[12:04] {@Threei}  After a choppy morning, US stocks are flat and the 10-year yield is up four basis points to 2.16%. The economic data has been a mixed bag, and spurious Greece rumors have once again taken traders on a bit of a wild goose chase
01[12:05] {@Threei}  Another weekend has passed and Greece is still not saved. There were reports that the IMF told Greece it could bundle the €1.6 billion in payments it owes in June into one lump sum, pushing the hard deadline for a potential default to the end of June. The payments are currently spread across four instalments, with the first €300 million due this Friday. That buys Greece some time, but doesn't make the actual payments any easier.
01[13:06] {@Threei} Short Setup: FB  80 break
01[13:06] {@Threei}  If holds  .10
01[13:14] {@Threei}  1:1
01[13:40] {@Threei} Long Setup:  FB  .10 break
01[13:40] {@Threei}  .c 80
01[13:40] {@Threei}  If holds  80
01[13:44] {@Threei}  1:1
01[14:03] {@Threei}  1:2
01[14:18] {@Threei} Long Setup:  TWTR  .80 break
01[14:18] {@Threei}  If holds  .70
01[14:34] {@Threei}  stop ti .74
01[15:00] {@Threei} Long Setup:  JPM  .35 break
01[15:00] {@Threei}  If holds  .25
01[15:02] {@Threei}  meh TWTR
01[15:22] {@Threei}  no go
01[15:24] {@Threei}  do we get selloff into eod?
01[15:24] {@Threei}  tempted to try VXX on .75 break
01[15:26] {@Threei}  If holds  .68
[15:32] {dino} kicking myself for blowing off that wrld drop to 78
01[15:33] {@Threei}  yeah
01[15:41] {@Threei}  I want panic
01[15:41] {@Threei}  can I have about 1 lb panic, sliced thinly?
01[15:44] {@Threei}  better
01[15:45] {@Threei}  betterer
01[15:53] {@Threei}  ok, out with a scalp
01[15:54] {@Threei}  thank you, have a good evening
01[15:54] {@Threei}  see you tomorrow
[15:58] {dino} gn

Market Week Wrap-up

TradeTheNews.com Weekly Market Update: May M&A headlines an eventful close to the month
Fri, 29 May 2015 16:16 PM EST

May ended with a shortened yet lively week of trading. Many global markets were closed on Monday for holidays, including Memorial Day in the US, and on Tuesday US markets saw a very broad-based selloff. US equities bounced back midweek, but saw another dip on Friday. Traders saw several notable M&A announcments lead to ever more rumors of consolidation to position around as the week progressed. Chinese equities stumbled hard for a second time this month as the Shanghai Composite declined 6.5% on Thursday from a seven-year high the day before on concerns over tight liquidity and stricter margin requirements. In Europe, Greece's position became even more tenuous as deposit outflows accelerated. Despite Greek officials' declarations that an accord is near, any comprehensive deal still feels a ways away as a June IMF payment deadline approaches. The April Eurozone M3 money supply data provided more tantalizing evidence the ECB's QE program is starting to work as intended: the three-month average growth in M3 money accelerated to its fastest pace since 2009, building on the similarly good results seen in the March reading. Japan was an outlier: the Nikkei extended its winning streak to eleven consecutive sessions, its longest streak since 1988 while the Yen declined to a 12 year low against the Dollar. The US Treasury market easily digested coupon, bill and floating rate note supply to see the benchmak10-year yield decline by 10 basis points. For the week, the DJIA -1.2%, the S&P500 -0.9% and the Nasdaq -0.4%.

As expected Q1 US GDP turned negative in the second reading, dropping to -0.7% from the +0.2% advance report. The contraction was slightly less than expected. Personal consumption was revised slightly lower with the decrease primarily reflecting negative contributions from exports, nonresidential fixed investment, and state and local government spending. The advance April durable goods report was slightly stronger: the -0.5% decline in the headline figure was mainly due to the volatile civilian aircraft sector while excluding transportation durables the data topped estimates at +0.5%. The March data were revised higher for the second time. The May Chicago PMI dipped below 50 again to its lowest reading since Feb and the other regional manufacturing readings suggest next week's May ISM could be soft as well. On a positive note Pending home sales jumped to the best reading in 9-years, suggesting the late spring housing pick-up has legs.

The euro has given up recent gains over the last two weeks as bond markets have stabilized and European money supply and the preliminary May CPI data suggest the ECB's QE program is starting to banish disinflation. The big speeches by Fed Chair Yellen and ECB's Coeure last week accelerated euro losses. EUR/USD has fallen six big figures over the last two weeks, dropping from 1.145 to test below 1.0820 on Wednesday. USD/JPY has broken out over the last two weeks from the 120 area to test 124.50 on Thursday (13-year high) while the dramatic weakening of the yen has juiced the Nikkei. Sterling has given up all of its post-election gains, while the GBP/USD declined for six consecutive days, its worst run in eight months, dropping as low as 1.5240 from 1.5500 on Monday.

A Greek default is looking more and more possible after another week without a deal between Athens and its creditors. Greece faces a €300M payment to the IMF next week on Friday, June 5th. IMF Chief Lagarde began saying a Greek exit from the Eurozone would be possible and would not destroy the euro, while European officials said there would be no aid disbursement without a deal by June 5th and furthermore that remaining aid funds would expire with the program at the end of June. The ECB left Greece's ELA limit unchanged at its current level of €80.2 billion for the first time since February. This all follows reports over recent days of a significant increase in deposit outflows from Greek banks over fears of capital controls, as well as talk that ECB officials are getting uncomfortable with the bank's exposure to Greece.

For much of the week crude prices continued to retrace gains made since mid-March. An OPEC report out earlier this week (5/28) suggested that oil supplies would keep growing through 2017, with the North America oil production boom resilient despite low prices. Friday saw a dramatic reversal, sending prices higher by nearly 5%. With the OPEC set to meet next week in Vienna and pre-meetings scheduled with Russia, traders appear to have been squaring some positons. There were also reports of more ISIS wins in Libya and other parts of the Middle East. Finally, note that the EIA inventory data saw its fourth straight week of drawdowns accompanied by signs demand is ramping up. WTI crude dipped below $56.50 on Wednesday, a five-week low before ending the week back above $60.00.

In earnings, Tiffany surged more than 10% after widely beating revenue and earnings expectations, even as earnings and revenue were lower on a y/y basis, and global comps fell 1%. Michael Kors lost 25% on very weak guidance for its first quarter and full year. Comps were down 1.7%. Kors had plenty of positive comments about its future expansion, but investors were not impressed. Costco's third-quarter results were more or less in line. Abercrombie had weak overall numbers, but sales comp losses appeared to bottom out and shares saw decent gains on the week.

Charter Communications reached a deal to buy Time Warner Cable for $55 billion. Including debt, the deal is valued at about $79 billion. Charter will pay $195.71 per share in the cash-and-stock deal - $100 of it in cash with the rest in Charter shares. Broadcom agreed to be acquired by Avago Technologies for $37 billion in cash and stock. The deal set off more takeover chatter in Altera, with the New York Post reporting that Intel is close to acquiring Altera in a $15 billion deal priced as high as $54/shr. Recall that the standstill agreement between Altera and Intel gives Intel the option to launch a hostile bid after June 1st.

Shanghai Composite turned increasingly more volatile late in the week, falling 6.5% on Thursday and trading down another 4% in the opening hour on Friday. The losses erased three strong consecutive gaining sessions and sent the mainland index lower by 1% for the week - its first down week in the last 3. Worries about a margin-fuelled equity bubble sparked the broad selloff with several brokers moving to tighten their margin requirements in response to the unprecedented inflows in leveraged funds from retail investors. On Friday the party's mouthpiece People's Daily elevated its alert level over the overdevelopment of financial sector, while the PBoC warned about the potential risks associated with stock margin trading and also selectively used repos to drain liquidity for the first time since late 2014.

Japan's Nikkei225 bucked global trends, rising 1.5% for the week to test 15-year highs above 20,600. Multi-year lows in the Japanese yen helped exporters, just as economic data late in the week solidified expectations for the BOJ to at least maintain its easy stance over the medium term, if not add further stimulus. National CPI figures came in near 2-year lows, with the impact of April 2014 consumption tax hike rolling off on annualized basis. Even more telling was the surprise decline in consumption against expectations of its first rebound in over a year, particularly given the more upbeat assessment on spending in the latest BOJ statement. On the bright side, Japan's unemployment fell to a new 18-year low while job-to-applicant ratio hit a 23-year high. Japan cabinet officials are hopeful that the tight labor market will lead to greater bargaining powers for workers, spurring wage inflation and boosting spending in the 2nd half of the year.

May 29 2015

Very good day with one winning trade after another, most of them are juicy 1:3 and 1:2. Merely one stop that hasn't even make a dent. Not too shabby for a boring Friday trading day.


Session Time: Fri May 29 00:00:00 2015

[09:03] {dino} gm
01[09:04] {@Threei}  dino :)
[09:18] {Branm} gm
01[09:19] {@Threei}  branm :)
01[09:30] {@Threei}  Upside:
01[09:30] {@Threei}  -TBIO +45% (launched EGFR CLIA test ahead of ASCO meeting)
01[09:30] {@Threei}  -HRTX +32% (announced positive results from Phase 3 MAGIC study of SUSTOL)
01[09:30] {@Threei}  -PBMD +14% (announces new IP for its lead IMP321 development program)
01[09:30] {@Threei}  -GME +7.5% (earnings)
01[09:30] {@Threei}  -ALTR +5.7% (said to be close to a deal to acquire Altera for $15B)
01[09:30] {@Threei}  -BOOT +5.5% (earnings)
01[09:30] {@Threei}  -ULTA +2.3% (earnings)
01[09:30] {@Threei}  Downside:
01[09:30] {@Threei}  -PSUN -11% (earnings)
01[09:30] {@Threei}  -VEEV -7% (earnings)
01[09:30] {@Threei}  -FRO -4% (earnings)
01[09:30] {@Threei}  -GCO -4% (earnings)
01[09:30] {@Threei}  -SPLK -2.3% (earnings)
01[09:31] {@Threei} Long Setup:  FB  80 break
01[09:31] {@Threei}  If holds  .90
01[09:31] {@Threei}  two-sided
01[09:33] {@Threei}  half out
01[09:34] {@Threei}  1:1
01[09:35] {@Threei}  1:2
[09:35] {dino} tbio s .34
01[09:35] {@Threei}  1:3
01[09:35] {@Threei}  out
01[09:44] {@Threei} Long Setup:  AIG  .20 break
01[09:44] {@Threei}  If holds  .10
01[09:45] {@Threei}  *(US) MAY CHICAGO PURCHASING MANAGER: 46.2 V 53.0E
01[09:46] {@Threei}  wow, subindices look horrible
01[09:46] {@Threei}  Sub-indices (vs prior month revisions):- Prices Paid: 51.2 v 43.1 prior- New Orders: 47.5 v 55.1prior- Employment: 48.0 v 54.0 prior- Inventories: 53.3 v 54.2 prior- Supplier Deliveries: 49.5 v 51.9 prior - Production: 45.8 v 52.7 prior - Order backlogs: 47.3 v 48.5 prior
01[09:46] {@Threei}  (US) Preview: May Final University of Michigan Confidence Index due out at 10:00ET (14:00GMT)- Consensus expectations: 53.0e v 52.3 prior
01[09:48] {@Threei}  Invalidated  AIG
[09:49] {dino} hrtx sm s .19
01[09:49] {@Threei} Short Setup: TWTR  .70 break
01[09:49] {@Threei}  If holds  .80
[09:54] {dino} cov hrtx .76,+.43
[09:56] {dino} tso spike
[09:56] {dino} lly spike
01[10:00] {@Threei}  *(US) MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 90.7 V 89.5E
[10:01] {dino} lly sm s .12
[10:02] {nemo} why is it up?
01[10:02] {@Threei}  LLY Seeing call activity3600 Jun 80 calls trading at $0.38
[10:03] {dino} partnership w/?
[10:07] {dino} lly stop .45 -.33
[10:13] {dino} lly sm s .35
[10:17] {dino} cov lly .00 +.35
[10:18] {dino} cov tbio .12, +.22
01[10:19] {@Threei}  half out TTR
01[10:20] {@Threei}  takes incredibly long time
[10:22] {Branm} nice Fb trade i was so excited then i realizized i was on my demo account
[10:22] {dino} lol
[10:24] {dino} psix spike, hooker
01[10:24] {@Threei}  :)
[10:28] {dino} hrtx new hod
[10:29] {dino} partial, s psix .26
[10:32] {dino} hrtx sm s break .00
[10:33] {dino} giddy-up
[10:36] {nemo} dino, what stock was I watching yesterday that had that gap below?
[10:37] {dino} hrtx stop .35 -.36
[10:37] {dino} expe
[10:37] {nemo} ty
[10:37] {dino} np
[10:38] {nemo} wished I asked u two minutes agao perfect setup below ..70
01[10:51] {@Threei}  VXX... too bad I disregared setup at .05
[10:57] {dino} reshort hrtx .25
[10:59] {dino} cov hrtx .95, +.30
[11:04] {dino} hrtx trades in dimes
01[11:15] {@Threei} Short Setup: MCD  .25 break
01[11:16] {@Threei}  If holds  .35
[11:22] {Branm} come on MCD move
[11:24] {dino} branm, we usually say "die"
[11:24] {Branm} Die Die lol
06[11:24] * @Threei hits MCD over the head with 2x4
01[11:24] {@Threei}  1:1
01[11:24] {@Threei}  violence works
[11:25] {dino} nice branm, nice
[11:27] {Branm} I am out nice call
[11:27] {dino} gj
[11:28] {dbdb} anyone know where to get a listof Russell 2000 adds and deletes?
[11:28] {dino} diiieeee psix diiieeee
[11:29] {dino} google it db
01[11:29] {@Threei}  1:2
[11:29] {dino} gj
01[11:30] {@Threei}  see Branm? violence and good word work much better than a good word alone {G}
01[11:31] {@Threei}  dbdb, see private message
01[11:34] {@Threei} Long Setup:  IWM  .50 break
01[11:34] {@Threei}  If holds  .40
[11:38] {dino} guys will luv me today on the golf course. beef and bean burritos
01[11:38] {@Threei}  you spoil them
[11:39] {dino} ya think, lol
[11:39] {nemo} dino....look at expe now
[11:39] {dino} like it, gap was 106 right?
01[11:39] {@Threei}  you sure you don't play golf with 6 ft 4D blond females?
[11:40] {nemo} yeah, we talked about it...one day ahead and forgot
01[11:40] {@Threei}  1:1
[11:40] {dino} 105.80s looks like
[11:40] {nemo} toat's gap close
[11:40] {dbdb} threei where is the pm?
01[11:41] {@Threei}  see in the upper bar, next to #discussions
01[11:41] {@Threei}  there will be a tab with my nick
01[11:41] {@Threei}  or just doubleclick on my nick to have a window pop-up
01[11:42] {@Threei}  1:2  IWM
01[11:43] {@Threei}  for a boring Friday, nicely profitable day
[11:43] {dino} hrtx sm s .50 stop hod
01[11:43] {@Threei}  1:3
01[11:44] {@Threei}  over and out
[11:44] {dino} gj
01[11:44] {@Threei}  ty
01[11:46] {@Threei}  1:4, for more patient types
01[11:48] {@Threei}  1:5, for superpatient
01[11:49] {@Threei}  1:6, for those who fainted and just now came out of it to count their profits
01[11:50] {@Threei}  As expected, Q1 US GDP turned negative in the second reading, dropping to -0.7% from the +0.2% advance report. The contraction was slight less than expected. Personal consumption was revised slightly lower. The decrease primarily reflected negative contributions from exports, nonresidential fixed investment, and state and local government spending
01[11:50] {@Threei}  WTI crude move back up toward $60 after midweek softness as OPEC started talking ahead of its meeting in Vienna next week. The Russians will be meeting with OPEC figures ahead of the conference, however today Russia Energy Minister Novak confirmed that Russia and OPEC would not agree to specific crude production levels at the confab.
01[12:14] {@Threei}  Bran, what platform you run demo with?
01[12:15] {@Threei} Long Setup:  FB  .30 break
01[12:15] {@Threei}  If holds  .20
01[12:26] {@Threei}  1:1
01[12:29] {@Threei}  nemo, you here?
01[12:31] {@Threei}  1:2
[12:55] {nemo} hello
[12:58] {dino} added hrtx puts
01[12:58] {@Threei}  just wanted to ask you whether I deserve a medal today
[12:58] {nemo} why?
01[12:58] {@Threei}  sigh... never mind
[12:59] {nemo} VXX should be late day play
[13:10] {dino} hum spike
[13:10] {dino} ci spike
[13:14] {dino} ci smr s .86
[13:15] {dino} cov 138.49, +1.37
[13:17] {dino} hum again
[13:19] {dino} hum up for sale
[13:19] {dino} antm spike
[13:33] {nemo} was gonna call IWM short, thought it was a bit early
[13:34] {nemo} VXX should be getting ready but might be a bit early
[13:35] {dino} cnc spike
[13:43] {drewj} Vad is it true that when price moves are more orderly that more people will participate because it's more obvious what's going on?
01[13:44] {@Threei}  not at all, but the opposite is true
[13:44] {drewj} how so?
01[13:44] {@Threei}  when more people take part, price moves in a more readable manner
[13:44] {dino} calling it a week, take care all
01[13:44] {@Threei}  think of it this way:
01[13:44] {@Threei}  take care dino, see you monday
01[13:45] {@Threei}  people will participate for all sorts of reason, and many of those reasons have zero to do with common sense, correct market reading or anything remotely sane
01[13:46] {@Threei}  naighbor shared a hot tip... dentist said ABCD news is huge... taxi driver said his father-in-law knows someone at XYZ
01[13:46] {@Threei}  many of them never saw a chart
01[13:46] {@Threei}  let alone understand how to read it
01[13:47] {@Threei}  but when there are enough of them, they form what you want:
01[13:47] {@Threei}  a crowd
01[13:47] {@Threei}  a crowd acts in a readable and predictable manner
01[13:47] {@Threei}  and serves as a feeding ground for smart money
01[13:47] {@Threei}  what you get is both sides of the market then
01[13:48] {@Threei}  and our entire way of reading is based on just that: eternal smart money vs crowd battle
01[13:48] {@Threei}  makes sense?
[13:48] {drewj} Still processing...
01[13:48] {@Threei}  O'll wait :)
01[13:48] {@Threei}  I
[13:49] {drewj} So what causes the orderly price movement then?
01[13:50] {@Threei}  broad participation
[13:51] {drewj} So I'm really after braod participation then?
01[13:51] {@Threei}  no, you are after readable movement
01[13:51] {@Threei}  why do you need a secondary sign if you have a primary
[13:52] {drewj} I guess I'm trying to distiguish between the two
01[13:53] {@Threei}  you can't, one is a cause, another is an oucome
[13:53] {drewj} So cause is broad participation and outcome is orderly movement?
01[13:53] {@Threei}  right
[13:54] {drewj} ty
[14:00] {drewj} I guess I thought that organized movement was caused by traders who understand what's going on
01[14:01] {@Threei}  but they need the other side
01[14:01] {@Threei}  if all you have are traders that understand, who they are going to make money of?
[14:08] {drewj} I know the answer to that but I'm still working on the relationship between organized movement and particpation.
01[14:09] {@Threei}  I am not sure what need you see in digging into that
01[14:10] {@Threei}  it's a kind of common sense: when we have good volume, we have much more readable movements
01[14:10] {@Threei}  good volume means broader participation
[14:13] {drewj} ok...
[14:35] {drewj} Vad is it more accurate then to say that increased volume at particular price levels is more easy to read?
[14:35] {nemo} no, it's the volume pattern at various levels
[14:35] {drewj} how so?
[14:36] {nemo} if you look at the daily volume levels on the SPY of the last few months,  you will notice the down days are showing more volume than the up days
01[14:36] {@Threei}  no, that's a convoluted way to put it and is not accurate
[14:36] {drewj} ?
01[14:36] {@Threei}  volume changes as pricer changes, and they together form a pattern
[14:36] {nemo} in a true bull market volume will be greater on up days than down days
01[14:36] {@Threei}  as nemore says
01[14:36] {@Threei}  nemo
[14:36] {nemo} rythms of the market
01[14:37] {@Threei}  how you interpret those changes is up for discussion,
[14:37] {nemo} currently we're seeing what is more indicative of distribution
[14:37] {nemo} new highs are grinds, drops are high volume without any effort
01[14:37] {@Threei}  but to say that volume at $20 is more readable than at 20.15 is a very weird way to look at it
[14:42] {nemo} mon could drop a long way if the trap door lets go
[14:45] {drewj} ok one more try here...
[14:46] {nemo} don't jump
[14:46] {drewj} so does good volume reduce the randomness of price movement?
[14:46] {nemo} no...context does
[14:46] {drewj} damn
[14:46] {drewj} :)
[14:46] {nemo} if you're hunting in a shitty environment, you're fucked
[14:47] {drewj} I'm going to put that on my monitor...
[14:47] {drewj} that's what I've been trying to ask...
[14:47] {nemo} trading is hunting...how's the weather, how's the wind, where's the food, where are the bedding areas...what was the weather, what is the weather going to be soon
[14:48] {drewj} why does it work sometime and not others...because I'm hunting in a shitty environment sometimes and other times the environment is good
01[14:48] {@Threei}  {drewj} so does good volume reduce the randomness of price movement? {--- as one of components of that, yes, is what nemo is trying to say
[14:48] {drewj} I need to know the difference between the environments...
[14:49] {drewj} Thanks nemo
01[14:49] {@Threei}  you sound like you are trying to figure out some absolutes
[14:49] {nemo} but you have to have a feel for other dynamics...right now Greece is a trip wire, you're going into the weekend...If your stock is down alot, more than likely the shorts are gonna get flat, if the stock is up alot, the longs are gonna get flat....people are ging to buy protection...remember when I said earlier, VXX is probably a good long play this afternoon....look
01[14:49] {@Threei}  kind of: "of you understand this and that, I'll be able to get rid of losing trades"
01[14:50] {@Threei}  ummm... "of you" = if I
[14:51] {drewj} Nemo's right though...that's what I was trying to ask
01[14:51] {@Threei}  (how many errors can one make i n two words, longest of which is two letters)
[14:51] {nemo} Minus the bullets, this is warfare
01[14:59] {@Threei}  watching IWM for pullback under 124
01[14:59] {@Threei}  and buy on recross
01[15:12] {@Threei}  got away
01[15:17] {@Threei} Long Setup:  IWM  .10 break
01[15:17] {@Threei}  If holds  124
01[15:27] {@Threei}  1:1
[15:30] {drewj} Have a good weekend guys...thanks nemo
01[15:39] {@Threei}  OK guys, great day to finish the week
01[15:39] {@Threei}  have a good weekend, see you Monday

May 28 2015

Slightly positive day, most trades were merely scalps. Low volume trading


Session Time: Thu May 28 00:00:00 2015
[08:51] {dino} gm 3i
01[08:51] {@Threei}  dino :)
01[09:23] {@Threei}  - ECB's Nowotny reiterated view that ECB was a rule-based institution and had no no flexibility to provide interim support for Greece
01[09:32] {@Threei} Long Setup:  FCX  20 break
01[09:35] {@Threei}  If holds  .90
01[09:38] {@Threei} Short Setup: FB  .80 break
01[09:39] {@Threei}  If holds  .90
01[09:40] {@Threei}  1:1
01[09:40] {@Threei}  1:2
[09:43] {dino} amag sm l .65 gappy
[09:43] {nemo} new girlfriend?
[09:44] {dino} lol
[09:45] {dino} out amag .15, +.50
[09:45] {dino} good girl
[09:45] {nemo} no such thing
01[09:45] {@Threei}  :)
01[09:46] {@Threei}  FB again
01[09:46] {@Threei}  same setup
01[09:46] {@Threei}  two-sided this time
01[09:46] {@Threei}  .80 short or .90 long
01[09:47] {@Threei}  long is more likely
01[09:48] {@Threei}  .80 rejects hard
01[09:49] {@Threei}  hectic
[09:51] {dino} avgo smr s .82
[09:51] {dino} cov .20, +.62
01[09:54] {@Threei}  wtg
01[09:54] {@Threei} Long Setup:  MCD  98 break
01[09:55] {@Threei}  If holds  .90
01[09:56] {@Threei}  Invalidated
[09:56] {nemo} shit thought you meant short...I took it that way
[09:57] {nemo} stop to .l93
[09:57] {nemo} .93
01[09:58] {@Threei} Long Setup:  MCD  .80 break
01[09:58] {@Threei}  If holds  .70
01[09:59] {@Threei}  that's interesting... how do you take word "long" for "short" and green color for red, unless you start drinking at 6 am
[09:59] {nemo} you know me so well
[09:59] {nemo} setup looked short to me
[09:59] {dino} greens and reds mess me up
01[10:00] {@Threei}  most setups can be taken either way depending on which side triggers first
[10:00] {nemo} they're both usually amphetamines
01[10:00] {@Threei}  *(US) APR PENDING HOME SALES M/M: 3.4% V 0.9%E; Y/Y: 13.4% V 10.9%E
[10:00] {nemo} you running for office Vad?
[10:00] {cosmo} instinct is key
[10:00] {nemo} funny...I think it's lack of sobriety
[10:01] {nemo} stop to .83
[10:01] {nemo} algo opening very red
01[10:01] {@Threei}  CAT should be ready soon
[10:02] {nemo} already @S3
01[10:02] {@Threei} Long Setup:  CAT  .35 break
01[10:02] {@Threei}  If holds  .25
[10:02] {nemo} little late
[10:03] {dino} in .39
01[10:03] {@Threei}  1:1
01[10:03] {@Threei}  here is an idea: keep your order ready for pullback instead of typing how late you are {G}
[10:04] {nemo} that means I have to put the shot glass down
01[10:05] {@Threei}  not necessary
01[10:05] {@Threei}  beer hat will solve all your problems
[10:05] {nemo} IV?
[10:05] {cosmo} it might be good for initiating instinct, neo
[10:05] {nemo} pxd
[10:05] {cosmo} nemo i mean
[10:05] {nemo} yeah, wtf...this isn't the Matrix
01[10:05] {@Threei}  https://atimetocastawaystones.files.wordpress.com/2011/09/beer-hat-beer-helmet-pic-8.jpg
[10:05] {nemo} I took the other pill
[10:06] {cosmo} :)
[10:06] {cosmo} i took a white one
[10:06] {nemo} aspirin doesn't count
01[10:06] {@Threei}  lol
[10:06] {cosmo} its good for pain
[10:06] {nemo} vodka
[10:07] {cosmo} liquid asprin
[10:07] {nemo} EXPE dino
[10:08] {dino} on it
[10:09] {nemo} market goes south, that has a gap to fill
[10:09] {nemo} weak stocks:  rcl pxd mmm
[10:09] {nemo} joy
[10:09] {nemo} fslr
[10:09] {nemo} expe
[10:09] {nemo} apa
[10:09] {nemo} nov
[10:09] {nemo} alxn
[10:09] {nemo} slb
[10:10] {nemo} strong:  twtr vfc
01[10:10] {@Threei}  1:1  MCD
[10:12] {cosmo} IWM needs to hold 123.8  imo
[10:12] {nemo} that's the 34 ema
01[10:12] {@Threei} Long Setup:  AIG  .90 break
01[10:12] {@Threei}  If holds  .80
[10:17] {dino} cat stopped -.26
01[10:19] {@Threei}  1:1
[10:21] {dino} cat whippy
[10:21] {dino} rinsed
01[10:28] {@Threei} Long Setup:  FB  .50 break
01[10:28] {@Threei}  If holds  .40
01[10:30] {@Threei}  no go
01[10:31] {@Threei}  crap, greeks fault
01[10:31] {@Threei}  (GR) IMF comments on Greece; expecting Greece authorities to make their payments to the IMF
01[10:34] {@Threei} Long Setup:  VXX  .10 break
01[10:34] {@Threei}  If holds  19
01[10:39] {@Threei}  stop to .04
01[10:42] {@Threei} Short Setup: FB  .35 break
01[10:42] {@Threei}  If holds  .45
01[10:48] {@Threei}  nah
01[10:49] {@Threei}  breakdown didn't happen
[10:59] {nemo} aapl looks sick
[11:07] {nemo} think I'll watch a movie
01[11:08] {@Threei} Long Setup:  CAT  .30 break
01[11:08] {@Threei}  If holds  .20
[11:08] {nemo} ballsy, can't get above vwap
01[11:09] {@Threei}  Invalidated
[11:11] {dino} adding cat calls
[11:11] {dino} adding uri calls
01[11:13] {@Threei}  Putin says FIFA arrests shows US meddling abroad
01[11:14] {@Threei}  of course... he bought that 2018 world championate, and now is told it was illegal
[11:14] {dino} lol, how about putin getting 8 goals in the pro hockey game last week? who does he think he is, kim of n korea
01[11:16] {@Threei}  goalie fainted when saw him with pack
01[11:16] {@Threei}  it's let the pack through or go to Siberia
[11:16] {dino} who really believes this junk?
01[11:16] {@Threei}  you wouldn't believe how many...
01[11:16] {@Threei}  I hardly believe myself
01[11:17] {@Threei}  for a while I thought it was Stalinist times 2
01[11:17] {@Threei}  now I see it's worse
[11:17] {dino} looking more like facism
01[11:17] {@Threei}  in first version, people knew and understood what happened, and went along simply because alternative was deasth
01[11:18] {@Threei}  now, a lot of them really believe
01[11:18] {@Threei}  maybe much more powerful technologies of brainwashing help, maybe something elsde, don't know
01[11:35] {@Threei}  in case anyone needs a refresher on various methods of order execution in Logix, https://www.youtube.com/watch?t=15&v=37EmvghEUs8
01[11:41] {@Threei}  drew, missed link to logix order routing?
[11:41] {drewj} yes...internet problems
01[11:42] {@Threei}  https://www.youtube.com/watch?t=15&v=37EmvghEUs8
[11:42] {drewj} ty
01[12:03] {@Threei} Short Setup: CAT  86 break
01[12:03] {@Threei}  If holds  .10
01[12:09] {@Threei}  1:1
[13:37] {nemo} Vad?
[13:37] {nemo} Vad?
[13:38] {nemo} ad?
[13:38] {nemo} Vad?
[13:38] {dino} lol
[13:38] {nemo} should I sober up?
01[13:38] {@Threei}  ??
01[13:38] {@Threei}  why would you do that?
[13:39] {nemo} I have to drive in a couple of hours
01[13:39] {@Threei}  so?
[13:39] {dino} take one for the ditch
[13:39] {nemo} I'm going through 2 liters of vodka a week
[13:40] {nemo} I have to get a wand scan at the airport because my liver won't get through a metal detector
01[13:44] {@Threei} Long Setup:  CAT  86 break
01[13:44] {@Threei}  If holds  .90
[13:49] {nemo} I get so bored...should have been watching expe all day
[13:50] {dino} bored here too
[13:50] {nemo} shouldn't you be pumping Iron about now
01[13:50] {@Threei}  I feel guilty
[13:51] {nemo} comes with being Jewish
01[13:51] {@Threei}  then again, if I tried to dance to entertain you, I'd have even more reason to feel guilty
[13:51] {dino} should, but i'm tired
[13:51] {nemo} would wolverine bitch about being tired?
[13:51] {nemo} how about Ahnold?
[13:51] {nemo} get off ur ass
[13:51] {dino} no?
[13:52] {nemo} you can rest when ur dead
01[13:52] {@Threei}  https://www.youtube.com/watch?v=xR_CRgW4Gs8
[13:52] {nemo} EXPE below 109 could be intersting
[13:52] {nemo} especially if market comes in
[13:53] {nemo} oh yeah, oldie but goodie
[13:53] {nemo} tight stop above .05
[13:54] {nemo} gap ahoy!
[13:54] {dino} pretty big gap 106 area
[13:55] {nemo} ur kinda' girl
[13:55] {dino} 106 lbs
[13:55] {nemo} doesn't need a life preserver
[13:55] {nemo} and no gag reflex
[13:57] {nemo} arguably .20 is also a resistance level
[13:59] {nemo} aapl looking short
[13:59] {dino} flat lining too me
[14:00] {dino} to
[14:00] {nemo} yeah, but time is coming
[14:00] {dino} no spikes, no capits......c'mon
[14:01] {nemo} methinks you'll have to change ur style for the summer...or go teach golf
[14:01] {dino} hope you're wrong
[14:01] {nemo} without a crisis, gonna' be very dead this Summer
01[14:02] {@Threei}  I disagree
[14:03] {nemo} whatever
01[14:03] {@Threei}  there always will be individual stocks with news
[14:03] {nemo} just looking at volume
[14:03] {nemo} 50 mil today, shit lowest last August was 48 mil
01[14:03] {@Threei}  dino's style is uniquely positioned in this regard, with as little connection to general market as it gets
01[14:04] {@Threei}  you maye have no volume in the market, yet a given stock with news will see action
[14:04] {nemo} Dino is unhinged from reality...good on ya'!
[14:04] {dino} i have to agree w/vad. always spikes/capits going on
[14:04] {nemo} really?  how's today been?
[14:04] {dino} reality is real nemo, not sure i want to be there
[14:04] {nemo} sucks dude
[14:05] {nemo} when you start dealing with other dimensions, gets real complicated
[14:05] {dino} today, as spock would say, the days' not over yet
[14:05] {nemo} which doesn't answer the concrete question I posed
[14:06] {dino} ?
[14:06] {nemo} who do you think ur talking to....Les?
[14:06] {dino} lol, that bring back memories
[14:06] {nemo} [14:05] {nemo} really?  how's today been?
[14:06] {dino} day is not over yet
[14:06] {dino} busy morning
[14:07] {dino} amag, avgo were nice
[14:08] {nemo} hard stop in expe above .06
01[14:13] {@Threei}  (EU) Spokesperson for IMF's Lagarde rebuts earlier Germany press attribution of her comments about the possibility of Greece's exit from the EMU - Reminder: Earlier (GR) IMF Lagarde said to feel that a Greece exit from the EMU may be a possibility as the talks have not led to substantial results
[14:14] {dino} lol, they talk both sides daily
[14:14] {dino} been going on for 3 years now
[14:15] {dino} greece leaves once they stop loaning it money for the payment due
[14:16] {dino} frgi spike
01[14:17] {@Threei} Long Setup:  VXX  19 break
01[14:18] {@Threei}  If holds  .95
[14:22] {dino} 07 green
[14:26] {dino} frgi s .16
[14:28] {dino} cov .01, +.15
01[14:28] {@Threei} Long Setup:  IWM  .45 break
01[14:28] {@Threei}  If holds  .35
[14:30] {dino} dwti drop
[14:34] {dino} gme spike
[14:34] {dino} syt spike
[14:36] {dino} gme sm s .96
[14:45] {dino} cov .95, out of time. back in 30 or so
01[15:03] {@Threei}  let's go IWM
01[15:03] {@Threei}  it's time
01[15:13] {@Threei}  US) Fed's Kocherlakota (non-voter, dove): Raising interest rates this year is not consistent with the Fed's mandate - would require 3 more years of job gains similar to that seen in 2014 for full employment to be reached; at full employment, the rate would likely not be below 5%
01[15:17] {@Threei} Long Setup:  TWTR  .90 breask
[15:26] {dino} miss much?
01[15:26] {@Threei}  nah
[15:27] {dino} clls spike
01[15:27] {@Threei}  LLS Said to be in talks to sell the company - financial press- Holder Pfizer (~10% holder) speculated as a suitor -
01[15:27] {@Threei}  CLLS
[15:44] {dino} gotta hop, gn all
01[15:45] {@Threei}  1:1  IWM
01[15:45] {@Threei}  finally
01[15:54] {@Threei}  OK, closing UWM
01[15:54] {@Threei}  I
01[15:54] {@Threei}  thank guys, have a good evening, see you tomorrow