River + Light = Sprout ... took ages to get this one, only on the last day of availability did it arrive.
Trading idea for Fri. May 23, 2014 | Valero Energy (VLO)
Possibly up ... would need energy sector tailwind. Set the alerts.
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Baby I Know Just How You Feel
One of my favorite songs by Rodgers & Hart, Little Girl Blue, sung by the great Janis Joplin:
TQQQ at Lunchtime
Positive tone, looking at your long funds (or short the shorts). TQQQ gives a nice bar at lunchtime, but 35 cents of minimum expected return means a very tight stop. Study.
Toe the Mark and Walk the Line
Hard to pick just one favorite song from the great Waylon Jennings, but "This Time" may be it. Sometimes they play it a bit faster, but I like it best at this tempo:
Trading idea for Thu. May 22, 2014 | Joy Global (JOY)
If the long side works, gets a tailwind like it did on Wednesday, then JOY an interesting candidate... set the alerts.
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TQQQ Stop Wide Enough?
Tone was positive, looking at your long side funds ... TQQQ is a 3x long QQQ fund ... when the market weakened after 11 AM you would have been shaken out of this ... yes, it would have survived a wider stop, but better safe than sorry.
Beijing Restaurants -- Palms L.A. Kitchen and Bar
Coco (the intern) and I popped over to Palms for lunch. This is a new place just north of Gulou which I discovered from reading this post at LumDimSum. LDS is one of the kool kids who kindly reveals these hip joints to the old bald crowd.
We got some guacamole and chips to start. Guac was a little lemony to me but it's such a personal thing. Coco liked it.
I got the Korean fried chicken which I wasn't thrilled with and Coco got some pork tacos which I liked better. So we switched.
They have Slow Boat beer (yay!), though bottled (boo!), and the space is nicely done, though very small. Fortunately there weren't that many people there for lunch on a Wednesday, so we weren't crowded in there, which I could see happening easily. Service was swift.
Best of luck to the friendly guys who are running this new place!
Trading idea for Wed. May 21, 2014 | Masco (MAS)
Building materials ... don't tell Bubbie we're looking short.
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FAZ Sets Up
FAZ (Financial Bear 3x) set up on the 5 minute ... tone was weak from get-go ... obvious by 11 AM you're favoring the short side ... looking for long set-ups in your bear funds (TZA and EDZ both set up at 11:45, SQQQ set up at 11:00 but got flushed, etc.) ... third target for FAZ was 20.80, didn't quite make it there.