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.

Financial Stampede

By -

Well, as I sit here on Thursday evening, the ES is completely unchanged. It seems astonishing, but index after index, and ETF after ETF, is at lifetime highs. There are a handful of indexes, such as the Dow 30, which aren't quite there yet, but the Dow's equivalent ETF, symbol DIA, is at a lifetime high (based on dividend adjustments, which is really the only sensible way to do it, but I digress).

On the rare occasions I've offered up long ideas recently they have tended to be in the area of financial stocks. I'm not talking about the JP Morgans or the Goldman Sachs, but lesser-known names. The fact that these all tended to be in the same sector wasn't deliberate on my part; it just so happened that the chart patterns were really good on the long side, and naturally, since they were so closely correlated, they tended to garner my attention as good long plays.

Anyway, since there's precious little I can offer as convincing proof that the market's about to fall to pieces ("Wave 3! We're at the cusp! The cusp, I tell you!"), let's review some of the more successful long ideas of late: