Canon 5D Mark IV dynamic range preliminary tests

The headline of the dpreview article is more encouraging than the full text… “Canon 5D Mark IV brings dramatic dynamic range improvements to the 5D line” ends up saying that the Nikon D810 and the Sony a7R II, both of which use Sony sensors, handle dynamic range much better than the new Canon.

For folks with a chest full of EOS lenses and a strong back to carry them all, perhaps this camera is worth the trip to Amazon. Meanwhile Sony is not resting. They’ve released a 50/2.8 Macro lens that can take a picture down to 1:1 magnification (i.e., a 24x36mm object will fill the frame of an a7). Press release on

Perhaps it is worth a trip to Cologne this year for Photokina!


Philip Greenspun’s Weblog

Dumb Dorky Disaster

I live in a very tech-y household, which probably doesn’t come as a surprise. I’ve lived in the Silicon Valley the vast majority of my life, and I’ve been mixed up in tech since I was a kid. And by “mixed up”, I don’t mean playing video games. I mean writing published books about computers […]
Slope of Hope

7 Great Websites for Free Stock Market Recaps

Since announcing our transition to a once per week market recap last week, readers have been writing in asking us for recommendations for alternative free daily market recaps.

While our new Weekly Market Recaps (read the first edition) are a fantastic once per week report that covers everything you need to know, here are seven recommendations for websites providing quality free market recaps:

Read the full article at

Stock Trading To Go

Female airline pilots fight to get paid more than men

“When the Pilot Is a Mom: Accommodating New Motherhood at 30,000 Feet” (nytimes) is about women who want paid maternity leaves:

At Delta, a group of women pilots have banded together through a private Facebook page and have approached their union with formal proposals for paid maternity leave — unheard-of at the major airlines — because they say they would like to stay home to breast-feed their babies.

Airlines have always compensated crew members per flight hour, which includes time spent on the ground after the door is closed. This is why pilots and flight attendants are so happy when the door is closed and the plane is pushed back from the gate. Now they are getting paid. If the result is sitting on a taxiway for three hours while thunderstorms clear that works out a lot better from the crew’s perspective than sitting in the comfortably air-conditioned terminal.

As few men will be able to quality for “maternity leave” (but perhaps some will in our age of flexible gender?), the result of this change would be that women would be paid more than men for doing the same amount of flying. (A friend points out that women are already paid more in most jobs because, in addition to being paid for more time off work (maternity leave, sick days), they also receive the expected value from filing a gender discrimination lawsuit.) For a given level of experience, airlines already do pay women more. A woman can be hired if she meets the FAA minimums for hours of flight time; a man will have to compete with other men and may require an additional 1,000 hours of flying experience (2-3 years) in order to be hired.

My favorite part of the article:

Consider what it took for First Officer Brandy Beck, a 41-year-old Frontier Airlines pilot, to pump breast milk. Once the plane was at cruising altitude and in autopilot mode, she would seek the agreement of her captain to take a break. In keeping with Frontier policy, the remaining pilot was required to put on an oxygen mask.

Next a flight attendant — to prevent passengers from approaching the lavatory — would barricade the aisle with a beverage cart. Then the attendant would join the captain in the cockpit, in keeping with rules that require at least two people in an airline cockpit at all times.

Only then could Ms. Beck slip into the lavatory for a 20-minute pumping session.

“It’s by far not my favorite place to make my child’s next meal,” Ms. Beck said. “But it’s a sacrifice I knew I would have to accept because I came back to work.”

In other words, it is not the fellow pilot who sacrifices by being forced to wear an oxygen mask for 20 minutes. Nor is it the passengers who sacrifice because they can’t use the bathroom, because they have to wait longer for assistance from flight attendants, or because if there is an emergency they won’t have as good a chance of getting out of the plane alive.

[Currently there is at least one way for a woman to get an airline paycheck in exchange for maternity. If she has sex with a senior captain, for example, she’ll be entitled to $ 40,000 per year in tax-free child support for 23 years under the Massachusetts guidelines (see the chapter on Massachusetts for a woman who did just that… three times). This will comfortably exceed after-tax compensation for a junior airline pilot (see “Professional Pilot Salary Survey 2016” and also this sample of first-year airline pilot salaries) and does not require investing $ 100,000 in flight training, working 22 days/month, 16 hours/day, or sleeping in Hilton Garden Inns (except perhaps once).]

Separately, Facebook apparently values workers who identify as “white, male” more than workers who identify as non-white, non-male, or both. “Facebook’s Point System Fails to Close Diversity Gap” (WSJ) tells the story:

Two years ago, Facebook Inc. offered its in-house recruiters an incentive to help diversify its largely white, largely male workforce.

Previously, recruiters were awarded one point for every new hire. Under the new system, they could earn 1.5 points for a so-called “diversity hire”—a black, Hispanic or female engineer—according to people familiar with the matter. More points can lead to a stronger performance review for recruiters and, potentially, a larger bonus, the people said.

When the numbers didn’t move, Facebook sweetened the deal. Starting last year, recruiters earned two points for a minority hire, or twice as much as for white or Asian males, who already were well-represented within its technical ranks.

Even so, Facebook has shown little progress. Last month, the company said 4% of its U.S. employees were Hispanic and 2% were black, the same as the two prior years. Women made up 33% of its global workforce, up from 31% in 2014.

Intel Corp. has paid its employees double referral bonuses for women, minorities and veterans. Other companies take into account how many women top managers hire when calculating their bonuses.

Why wouldn’t the company simply pay the desired workers more? Would it be illegal for Facebook to offer higher pay to the workers that it wants to hire and who have a higher value to the company than white male workers?

Also, in our transgender age, why wouldn’t recruiters game the system by asking interviewees to identify as female? (See this Sacramento Bee article for how California National Guard recruiters responded to financial incentives by helping themselves to “an estimated $ 100 million in dubious or illegal payments.”)

Philip Greenspun’s Weblog

Emini Fibonacci Target Grid Update to End August

We’re still within the trading range and price is still reacting to our short-term @ES Fibonacci Grid.

Here’s today’s updated Fibonacci and Emini (@ES) trading levels for your plans and trades:

Here’s a reference guide of how to use and trade from these morning updates.

We had price pivot DOWN away from the 2,180 @ES level initially TOWARD the 2,172 pivot.

After a bounce – then fall – we’re now under 2,172 and possibly trading down toward the 2,166.50 target.

We’re still within the range and will be playing the ping-pong bounces between these zones until we get a breakout.

Want these levels and additional analysis/strategy planning in advance each evening?

Get these levels in advance with in-depth planning and trading opportunities by joining the Daily Membership.

Afraid to Trade Premium Content and Membership

Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.

Corey Rosenbloom, CMT

Afraid to

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Corey’s book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).

Afraid to Blog

Tempus Fugit

Apologies for the very late post. I’m reorganising my schedule to make it easier to get these posts out before the market opens, which I’m hoping will make keeping up with everything easier. Another painfully slow afternoon on SPX, and the window to see a decent decline here is grinding by. So far SPX is […]
Slope of Hope

There is another way to a higher PnL

In this blog post, I will challenge you to find another way to a higher PnL.  We will use a trade review from a conscientious trader to teach  this principle.

This is a common mistake of stunted thinking made by developing traders.

It is one where human nature leads us against our self-interest.

If you can learn to think differently about your potential progress, you just might make some.

At the end of each day, one of our promising traders loops me into his trade review.   I look forward to these reviews that hit my inbox right after the close.  Because that is what a consciencious trader does.  Today he wrote:
SPU Read more […]
SMB Capital – Trading Education

NASDAQ Losing Support

Since Apple decided it would be a great idea to try to dodge U.S. taxes, they’re now getting pummeled by European tax authorities many years later. In other words, the money that might have flowed to our own country is instead going to Europe. Well done, Apple. You can take that smug, stupid “Designed in California” […]
Slope of Hope