Kinross Gold set up a few days ago, and now gold (GLD) itself looks like a short. Keep an eye on it.
Twitter Is Still Going Back To $35
Twitter being a pain about going back to $35 which the charting gods have ordered. It will get there or I will eat my frayed shirt cuffs.
ETF Trading Portfolio Update -- January 12, 2015
Realized there was a calculation error for all the short positions going back I don't know how long, weeks and months probably. Surprised none of my sharp-eyed dozen readers saw how wrong the figures were. Anyway the price paid and last price were always accurate, it was just the gain / loss column that was totally wrong for all short positions. Minor detail, ha! I should go back and re-state all the old posts, but no, that would be work.
No changes this week...
Gilead Sciences Short Entries
Gilead Sciences was my trading idea for Monday. Got quite a few replies on StockTwits from GILD bulls on this one ... guys, it's just a trade, I don't care about the company ... they could make dog food, it's just a ticker symbol to me, capisce?
You had to wait till lunchtime for an "obvious" entry point. Day traders can manage risk off the intraday chart which is something the dentist traders can't do. It's possible to be at breakeven already with this one, though you may want to give it a little more space since the target is way down there.
Click to enlarge.
Gilead Sciences Back to $86
This stock got hit before Christmas on some news about a deal with Express Scripts ... after going sideways since last August. Recent up move may be a nice spot to put on a short if it breaks below $101.75. Keep an eye on it.
Movies Watched -- 12 O'Clock Boys
I'm watching the top 100 movies of 2014 (according to Rotten Tomatoes) so you don't have to.
First up was 12 O'Clock Boys, a documentary about ghetto kids in Baltimore who ride dirt bikes on the city's streets every Sunday in a pack. The movie was only 75 minutes long, which was good. I'd be totally unaware of ghetto life in Baltimore if it weren't for the Wire -- I've seen every episode, and recommend you do the same.
This movie confirms how hopeless and awful things are for these poor, black people. I kept thinking about the rule that when you find yourself in a hole, the first thing to do is stop digging; these people don't, for the most part. The dirt bike riding serves as a release for them, but it's dangerous and innocent bystanders occasionally get hurt and killed. Anyway, I didn't fast forward it so it earns a yellow rating (green = go, yellow = consider, red = stop).
Dragonvale -- Leaf Dragon
Light + Seaweed ... took many, many tries. Since the bring 'em back campaign began, I got a Victory dragon and bought a Kite dragon with saved up gems, and now with the Leaf dragon's arrival I only have one dragon left to go (the impossible Ovalith, which is Bloom + Panlong). I'm not counting the newly released Snowflake dragons in the total. It's good to have a purpose in life.
Business Insider Crashes TweetBot Reader
Whenever I click on a Business Insider post in TweetBot, the TweetBot reader crashes. Wonder which thing running in the background is responsible for this? (click image to enlarge)
ETF Trading Portfolio Update -- January 5, 2015
Several people are aware of my crude oil call back in August (mainly because I've been crowing about it endlessly on Twitter), but the Euro also reversed then, which you should be aware of.
No changes this week.
2015.01.13 ... Corrected gain / loss for short positions:
Kinross Gold Back to $2
Want to see KGC fall to $2 ... the chicken entrails are divining it and who wants the yellow metal in a deflationary world?