I wrote earlier this month about the Whole Foods imitators whom I think are, frankly, pretty lame. Sprouts springs to mind, and I’ve lost my fear of being short stuff that’s at lifetime lows. Consider if you’d like to join me. I’m sitting tight.
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.
As delighted as I am to see the NQ getting wrecked, I want to caution any bears out there (in case there are still any left besides me) that this drop is really just wiping the foam off the beer. We are falling back toward what is fairly strong support, pointed out below at the price level 4,555. Until and unless we cut through that level (as I think we ultimately will), this is merely a “healthy pullback”, as the brain trust from CNBC might utter. And those yo-yos are right; what we need is a failed bullish breakout. We’ll get it, I think, but it’s going to take more than one lame conference call with AAPL to do it.