Well, I was trying to think of what to talk about, so I simply checked my portfolio to see my best cash winner today. It's symbol VQ, which is a lovely chart that has pretty much no support beneath its current price level.
Slope of Hope Blog Posts
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.
Adios, Fiat
Well, on Friday I took a photo of the cash I had extracted from the bank to finally – – 370% later – – re-acquire some silver bullion.
So, adios Presidents Grant and Jackson, and you, too, Mr. Franklin. At least I've got some bullion now, even though I never got to enjoy it at deeply discounted wave-3 prices (cough, cough). SLV seems to want to play catch-up this morning with its much wealthier older brother.
Jackson Hole Week (by Springheel Jack)
A shorter post than usual today as I had a hospital appointment this morning and have started late. The appointment went very well and I'm cleared both to drive and to walk without a removable cast or crutches now, which is great.
Ben Bernanke will be making a statement at Jackson Hole on Friday and rumors of QE3 have lifted equities strongly overnight. We might well see a strong rally on expectations that the Fed will print more money to boost asset prices, though that wouldn't be easy given inflation levels in the US and implacable opposition in Congress. We'll see.
Stock / ETF Model / Chart Commentary
Preview of FocalEquity Stock Ranking Model
The FocalEquity Stock Ranking Model is a predominantly fundamental driven stock ranking model. Within the model, we do incorporate two technical related factors that involve the stock’s various moving averages and contrarian indicators. We combine our stock ranking model with our technical analysis/charting based capabilities and determine the long and short stock candidates within various industry groups.
Today, we present three stock examples to illustrate our model and our technical analysis capabilities. We have two long picks and one short pick.
