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.
I pride myself on publishing a really cool little blog, as I've done for nearly eight years now. On occasion, I'll bow and scrape to my readers since I'll have some issue or obligation come up for a few hours which gets in the way of my usual firehose of content.
For three days running, though, I've been distracted and pulled away by a series of nettlesome and troubling issues of all types that have kept me way away from my blogging duties. I at least wanted to take a few minutes to let you know I'm still here I'm still alive and well, and the usual Slope will be back tomorrow morning, I hope.
Hey, to my credit, at least I did a post suggesting shorting CLF earlier today, and it's down something like 10% after hours. So you got your money's worth, at least!
Freeport McMoran (FCX) bouncing off of the rising channel
Stock: Freeport McMoran (FCX)
Long or Short: Long
Chart: Freeport McMoran (FCX) Daily
Reason for Trade: Fairly simple trade setup. Rising channel with a retest at the lower end. I'm wanting to get in here while I can keep the stop-loss tight and ride it higher into a completed gap fill and a test of the upper channel.
Irresponsible actions from North Korea caused this 5.0 earthquake today. For more information on their nuclear test blast that caused it, you can read this Guardian UK article.
Until something more definitive/aggressive (and effective) comes from the United Nations Security Council, I see no reason why further blasts will not be forthcoming from North Korea…they seem to be proceeding with their plans (whatever they are) unabated and undeterred.
Otherwise, they (the Security Council) will have no alternative but to accept those consequences (immediate and eventual fallouts), just as they will have to accept today's consequences (as this blast is already a "fait accompli"). Members of the Council should consider the safety of all citizens of this fair planet when making decisions, which should not be based on self-serving gains/ideals. Any members who do not uphold such global safety ideals should not be allowed to be a member and, thus, receive all attendant benefits and privileges.
This is my opinion as a concerned citizen of this planet.
Although I normally don't bother looking at fundamentals, I was curious the other day to see what LinkedIn's price/earnings ratio was – – it was in the 900s at the time, but for some reason it's edged down to a bargain-basement 811 presently.
The chart was a beautiful pattern, so the breakout over the past few days makes abundant sense; but let's just say I think it's time for this red-hot social stock to take at least a breather, having spent the pent-up energy from its prior range now.
Markets were looking somewhat schizophrenic yesterday morning but that's not the case today. SPX spent a dull day forming a bull flag above broken resistance. The next obvious move is upwards into the 1520s: