Predictions are tough to get right, but here’s one you can pretty much bank on: in 9 days, there will be stories galore about the Five Year Anniversary of the Bull Market. I’m sure I’ll chime in that day with something pithy (or pithyful). (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.
OK, popular culture saturation has been reached! This is coming from HBO. Good God…..
Pretty much every minute I’m in front of these screens, this is the scene to my right………it’s not a panorama of skyscrapers and the Bay, but it’s not so bad:
This is a terrific top – – so much so, I’m both short the stock and long the June puts.
Long Approach Resources (AREX)
Yes, the stock has gone up over six-fold since I bought my Model S. The only weirder thing to me is that a single mobile application – WhatsApp – is worth two-thirds of this amazing car-maker.
SPX made a strong move into new all-time high yesterday at 1858.71 and then came off that high in the afternoon. So now what?
On 10th February I wrote that the next target from the bullish hammer on the weekly chart would be a test of the weekly upper bollinger band. That was at 1888 at the time and had fallen to 1866 at the close yesterday. Yesterday’s high was close enough to qualify as a technical hit or very near miss, though we may well see a more exact hit shortly, particularly with the SPX daily upper bollinger band now at 1866 as well. I’m going to be treating that target as possibly made now. SPX weekly chart: (more…)