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.
MTG announced a pretty wild earnings surprise today and this beaten up and “left for dead” stock ran out of the gate by 10%.
It’s a name that’s been mentioned by our new Slope friend Jesse and some of the talking heads on CNBC have also touted it of late. What’s all the fuss about? I must say, I have no clue, but it is a leveraged play on the housing recovery. From all time highs above 70 five years ago to a low of 66 cents, you can file this one in the Zombieland files (a la AIG, C, BAC). (more…)
Yesterday was an impulsive looking move and something of a statement in itself. But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. (more…)
In one of my sheepish long position videos, I mentioned Wendy’s putting together a very attractive base. That formation has fully blossomed, as WEN is zooming, up 25% this month alone. Technical analysis still works……..at least for longs! (more…)
I was looking at the short setup on GC (gold futures) this morning and thinking how much better it was than the short setup on equities here. That’s for a couple of reasons. Firstly Gold is still either in a downtrend or in a bottoming process, and a rallies in a downtrend deliver better short setups than waves up within a strong uptrend. The second is of course that the Fed aren’t on constant watch to try and support the Gold market if it sniffles or soils a nappy. (Translation for Americans: poops its Pampers. – ed.) (more…)