ETF Trading Portfolio Update -- August 31, 2015

Added on by C. Maoxian.

SRS belatedly reversing, no other changes. Terrible action last week for trend followers, just the worst kind of whipsaws, but nothing has *re-*reversed yet so I'm assuming that real damage was done to the market and we'll see things back and fill for many months. 

I joked on The Twitter that SCO could reverse now that I had bragged about my "gains" ... never brag. :-) 

Pepco Holdings Drop, 1 Minute View

Added on by C. Maoxian.

Again a case of people in the know being able to sell some before the "news" hits. Back on Tuesday, regulators put the kibosh on the EXC purchase. No way to make money on this unless you were able to short into the fat bar as it formed, pre-halt. Good luck with that. 

Crick to enrarge

Ariad Pharmaceuticals Pop, 1 Minute View

Added on by C. Maoxian.

Supposedly being bought out ... action during the lunch hour telling ... lots of buyers "under the radar" ... still if you got in after the "news" hit, you should have done fine, assuming you were quick. 

Crick to enrarge

Freeport-McMoRan Pop, 1 Minute View

Added on by C. Maoxian.

I don't usually feature after-hours pops since they're usually earnings-driven, but this was different ... Icahn disclosing a stake in FCX after the close on Thursday, causing it to pop. If you were fast and got in then out before it collapsed again, you could have made a buck. I guess the filings reader bots got to this first but I can see a human getting in at $11. 

Crick to enrarge

Sysco Pop, 1 Minute View

Added on by C. Maoxian.

Again during the lunch hour ... I guess CNBC got the scoop (leak) ... not much oomph on this one, risk reward wouldn't have made sense in the end, though you wouldn't have lost money, assuming you were quick. Options watchers were aware of unusual activity in the calls before this happened, so the fraudsters (now on a golf course somewhere?) made out once again. 

But they didn't hack the press release this time.

Crick to enrarge

American Express Pop, 1 Minute View

Added on by C. Maoxian.

Bit late to post this, happened the Friday before last ... every day trader on planet earth saw this at the same time, scanners blaring across the land ... Bloomberg story is time stamped  at 01:42PM:  ValueAct Said to Amass AmEx Stake as Activist Seeks Targets but it probably showed up on the Terminal before then, though long after 13:27 when everyone piled in. Once again I can't see a realistic entry without a tick chart, not available to those slumming on the $9.99 datafeed.  Hang on the story is time stamped August 7, 2015 — 1:28 PM EDT, which must be the Terminal time stamp, not the web. 

Crick to enrarge

Weekly Grocery Shopping

Added on by C. Maoxian.

Maybe I'm the only one who's fascinated by what people buy during their weekly grocery shopping ...  we just went and here's ours ... (will post a new receipt every week if you want to scroll down and down and down):

2015 08 02

2015 08 09

2015 08 16 ... smaller shopping as we'll be away most of the week.

2015 08 24 ... wife impatient and checked out first, thus the combined bill. 

2015 08 29

Market Watchers

Added on by C. Maoxian.

From December 18, 1954 ... by E.B. White:

ON OUR WAY TO WORK in the morning, we sometimes pass one of those temples where men sit meditating with their hats on, watching ticker reports projected on a screen. We stopped for a moment the other morning to kibitz: through the window we watched the watchers at their watching. The ticker was bringing news of cloudy conditions in the Middle West; rain was expected within forty-eight hours and might have an effect on winter wheat. The watchers, some of whom looked as though they were merely taking refuge indoors from a rain of their own making, absorbed this piece of information solemnly. One man, nursing a cigar, closed his eyes as he tried to conjure up the significance of the distant rain on distant wheat. What a strange little band of tardy pioneers they seemed, sifting the wind that failed to touch their cheeks as it blew across prairies they would never see! How sad they looked, these early-morning waifs — no parents, no homes, only a lighted screen on which prices rose and fell amid tidings of great gain!

LifeLock Drop, 1 Minute View

Added on by C. Maoxian.

First news I saw was CNBC at 14:13 ... scanner may have picked things up at 13:57 or 14:03 at the latest ... hard to say if you could find a borrow and get short ... always interested in talking with traders who caught this in real time. 

CF Industries Pop, 1 Minute View

Added on by C. Maoxian.

This I did see in real-time but too groggy to do anything about it ... hard to see if it would have been a good play ... when it came back down in the 13:20s to probe around the re-open low, that may have been a place you'd get shaken out ... not that wonderful unless you were one of the early birds in below $65 ... can't tell how many trades went off down there without a tick chart.

Crick to enrarge

Macy's Pop, 2 Minute View

Added on by C. Maoxian.

Late to post this, thus the two minute chart ... some "activist" said Macy's worth $125 a share ... quick day traders could have made at least $3 off of this pop, scanner willing. Can't see where the stop would go without a tick chart, but I assume the risk reward would have been decent in the end.

Twitter Pop, 1 Minute View

Added on by C. Maoxian.

Takeover story posted to fake Bloomberg site ... obviously the perpetrators loaded up on call options in advance and dumped them into the "news" ... I have no idea how people think they can get away with this ... it's so easy to track the purchases back to the broker and the individual accounts, crazy, they will all be caught in short order.

Anyway, as a day trader, you would see this and probably buy in ... say you paid $37.50 getting in, you probably would have lost money or a scratch at best, the whole up and down move was done in ten minutes. As always, I'm interested in talking with people who were involved with it in real time.