Five minute SPXU chart here ... SPXU is an ultrashort (-3x) SPX ETF ... block those acronyms! Good liquidity, should be a decent daytrading vehicle. Anyway, when the market is going up, I like to look short the short funds. SPXU gave two spots yesterday, but working off the five minute is tricky because the stops are so tight. If you shorted the 12:55 bar (spot 1) and put your stop above at 55.60, you would have been picked off. But if you put your initial stop above the 11:20 swing at, say, 56.05, you'd be risking more than you'd be expecting to make (at target 1), and that's a recipe for disaster. Never risk 50 cents to make 50 cents.
Jimmy DiResta Makes Bookends
I love watching Jimmy DiResta make stuff. Here he is free-handing the bandsaw again. Take note of the shape of the pinkie finger on his left hand. It met the bandsaw up close one time.
I first learned about Jimmy DiResta from his TV show "Dirty Money," which is still the best trash-to-cash show I've ever seen. It ran only one season which proves that the TV gods are not just.
Trading idea for Wed. May 7, 2014 | Ameriprise (AMP)
Already triggered as a short ... put it on your list to watch.
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Beijing Skyline at Dusk
Gray concrete blocks as far as the eye can see, all unaffordable to the average person (looking in that direction -- northwest).
Twitter Trend Down Day
Here's the three minute chart for Twitter ... I see one "obvious" spot to get short just after noon ... interested to know how day traders who were short this played it. It was liquid enough to draw a very clean chart even down on the one minute, where a short spot appeared a bit earlier (at 11:35 or so). Drop me a line if you made money shorting this one intraday.
Slow Boat Brewery's Sea Anchor Imperial Vanilla Stout
This is another beer I favor at Slow Boat ... at 8% you only need a pint of this on an empty tummy to get an edge on, not a buzz, just a vaguely happy feeling. Bitterness at 28 and those faint vanilla notes make it very pleasing. At 55元 (US$8.83) a pint it's their most expensive beer, but as I said, you really only need one to feel good.
Trading idea for Tue. May 6, 2014 | CarMax (KMX)
Looks like a short to me... set the alerts, etc.
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"It's dynamite grass."
Mad Men S07 E04
Poor old Roger down on the farm with daughter Marigold ... a world away from brunch at the Plaza.
80-82 Teeter Road
Ithaca Property Sales of Note #1
I follow the real estate market in the Ithaca area pretty closely and will post about sales I find noteworthy.
Price History
Date Event Price $/sqft
02/18/14 Sold $735,000 $269
12/09/13 Listing removed $785,000 $288
11/15/13 Pending sale $785,000 $288
06/05/13 Listed for sale $785,000 $288
11/18/11 Listing removed $897,000 $329
02/24/11 Listed for sale $897,000 $329
We can see from Zillow that it was originally listed in February 2011 at $897,000 and finally sold in February 2014 for $735,000. So it was on the market for around 1090 days and sold for 18% below the original asking price. The house was built in 1985, sat on a 2.92 acre lot with lake views, and was assessed at $690,000. It was owned by David S. Yeh who worked at Cornell but moved to Saudi Arabia in July 2009.
Skyr (Pronounced Skeer)
Learned about this yoghurt from reading Tiffany Shi's post on her visit to Iceland. Apparently you can find it at The Fresh Market, assuming you have enough money to live near one.