Good day for my utterly-short portfolio, in spite of our ghey friends desperately continuing to inflate assets, thanks to their perpetually-lubricated central banker buddies. I’m simply shorting more. And more. And then some 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.
Today’s Party-Pooping Pattern
Yesterday’s technical analysis victory (or, as Northman once rudely described it, “occasional winner”) was Iconix. Today’s is less dramatic, but a victory nonetheless: Flotek:
Testing Triangle Resistance – Take #5
After the strong day yesterday SPX is close to a test of triangle resistance in the 2110 area. If the triangle breaks up, as I’m expecting though not necessarily today, then bulls also need to take SPX over the last high at 2111.91, and then the current all time high at 2119.59. The 50 hour MA, which closed yesterday at 2098, is key support and any significant or sustained break below it would be a warning signal that the bulls might be unravelling for today. SPX 60min chart:
Becoming Steve Jobs
Well, my long weekend in Milwaukee is over, and I’m heading home. I’ve never been to Wisconsin in my life. It’s nice to see a place that (a) actually has real weather (b) doesn’t charge you an arm and a leg for everything. Looking at the real estate ads, it’s just bizarre seeing places being sold for less than they even cost to build. Comparisons to Palo Alto become preposterous. One could buy up an entire neighborhood block of houses for what it costs to get a nice house in my ridiculous burgh.
