It must be an odd feeling to be in Andrew Mason’s shoes. On the one hand, he was very publicly fired from the company he co-founded after a disastrous stock performance. On the other hand, he still has a ton of Groupon stock, and it’s doubled since he was shown the door. I guess the latter probably does a pretty good job assuaging the former, although it’s still got to be at least a little embarrassing, deep down inside. (more…)
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.
Yen Continues to Strengthen
I seriously never thought I’d care about the minutes from the Bank of Japan, but last night I was actually awaiting their release. Once they came out, the Yen started strengthening (again……..) and the ES and NQ weakened. This morning, U.S. stocks staged another completely-annoying rally, but both ES and NQ are back in the red again, as God intended. It’s amazing how correlated USD/JPY and the ES have become over the past few weeks. (more…)
Dollar Yen
Tim put some great unrelated comments into my last post about the USD/JPY. I wanted to comment on mean reversion if you want to trade the dollar yen with etfs instead of trading the actual FX as some people might prefer etf instead. This is the inverse of the chart Tim posted and shows that there is about 5% to be made if the dollar strengthens further against the yen UUP_FXY
Bullish Breaks
Well I was really expecting the SPX broadening wedge to break down yesterday or today but after yesterday’s strong reversal that’s now unlikely. On the SPX 60min chart there is a potential double-bottom that triggers a target in the 1700 area on a break over 1649. It’s worth noting that broadening ascending wedge resistance is now in the 1720 area. SPX 60min chart: (more…)
GLD: Thou Shalt Not Bounce (Yet)
Complete post is available at http://protectedreturns.blogspot.com/.
GLD. That gold and the dollar are inversely correlated has been known and is supported by economic theory (bleh…ghey?). Below is a bar chart of GLD, with the $USD in black. I drew a purple line at the bottom end of the volume pole, falling through which could be achieved readily. The blue line is an interesting trend on the dollar that I chanced upon. (more…)
