Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
From February 10 to March 25, the triple-bullish-on-real-estate ETF symbol DRN climbed nearly 90%. Yes, ninety percent. In six weeks. In real estate. No, I have no idea why.
DRN's doppelganger, DRV, may be getting ready for its time in the sun. Look at the trendline breakout as well as the amazing rise in volume recently (naturally today's volume bar should be ignored).
In spite of the rates established by the government being basically 0%, the rates in the true market – the bond market – have been creeping higher. Although TBT (the ultra-bearish ETF on bonds) has been bouncing within a range of about 46 to 51 over the past few months, it is worth considering whether a pop in interest rates will give TBT reason to break out. A push above $51.21 would certainly seem bullish for this security.
I was helping my little girl with Easter eggs yesterday, and I was reminded of this hilarious routine by Patton Oswalt. It's pretty much audio only, so if you're tolerant of NSFW comic material, and you'd like to hear a funny routine in the background, let 'er roll.
Hello fellow Slopers!
Bifferman and I have come up with a contest with REAL prizes to celebrate the up coming Slopefest!
The contest: to guess the closing price of the Standard and Poor's 500 (SPX) on Friday May 7, 2010.
These are the prizes:
1st Place: 2 Morgan silver dollars. Common date and in circulated condition.
2nd Place: 1 Morgan silver dollar. Common date and in circulated condition.
3rd Place: Nice selection of crisp Weimar German Notgeld notes. If your not familiar, here is a link: http://germannotgeld.com/
4th Place: A bull sac (You will have to ask Biff what that is!) and a special prize, better known as a booby prize, for the person who's guesstimate is the FURTHEST from the close: a 1 Trillion Zimbabwe Dollar Banknote.
Here are the rules:
1. Since this is a bear blog, in order to win either first or second prize, your guess cannot exceed the actual close on the SPX. An over estimation will not exclude you from winning the other two prizes.
2. In the unlikely event of a tie for first place, two Morgan dollars will be awarded the tying guess for first place.
3. For those of you who decide to game the rules to get the fourth place prize by estimating a ridiculous number like 1 or 100,000, the holders of the contest reserve the right to exclude such entries at their discretion.
Further information: I, Market Sniper, will recuse myself from participation in the contest. I am providing the prizes for first through third place. Biff is supplying the fourth place prize and booby prize. Biff and I are in further discussion as to a potential prize for the lucky Slopefest attendee closest to the closing number. I will collect all guesses and forward a copy to Biff. If our gracious host allows, the responses will be the subject of another post.
ALL ENTRIES MUST BE SUBMITTED PRIOR TO NYSE MARKET CLOSE ON WEDNESDAY MARCH 31, 2010.
Please submit your entry to slopefest@gmail.com
BEST OF LUCK TO ALL!!!
To balance things out a bit, here are a couple of chart types I'm seeing on the long side. One is the classic cup with handle pattern:
Whereas another is the kind of stock hammering out a series of higher lows:
I'm going through all my stock charts on a nightly basis these days, and I'm still seeing about twice as many enticing short positions as long positions.
