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.
Of the past fifteen trading days, two – count ’em – TWO – have been down (and only slightly) as measured by the S&P 500. Since April 15, the S&P 500 is up about 7.5%. Every single day seems to bring a lifetime high – LIFETIME, mind you – to the stock market. You can imagine how delighted I am at all this. One wonders what on earth I’ll be able to write about this weekend.
In any event, the S&P 100, as shown below, is right at its long-term trendline. Next week sure as hell better start weakening, or else a bad situation is going to get a whole lot worse (and, with the VIX threatening to break into the single digits, anything is possible). (more…)
It’s been a rotten week for equity bears (Week? How about Month? Year? Half-Decade?) There are still a few good charts out there, though, even in the face of general equity strength. One of them is Teck Resources, which I am long puts and short the stock. It has finally started marching steadily downward.