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.

Semi Bearish?

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By Biiwii

A technical look at Semi stocks and the Semiconductor index

I must be bearish the Semi Equipment sector because I am short both LRCX and AMAT; the former a successful NFTRH+ long position that hit target and found resistance as anticipated by this chart originally included with the update. I am not so worried about the gap because it changed the trend and gaps that alter the trend of a stock can take a long while to fill.

amat weekly chart

I went through all the reasons I am bearish the Semi Equipment sector in this post at NFTRH.com, so we don’t need to cover that ground again. The Equipment sector is decelerating, period. But the Semis are more than the Equipment guys, they are the chip makers too, or even especially.

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Change of Plans

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Well, this sucks. Mr. Permabear is looking at numbers that would normally have him dancing on his desk. However, in a perverse twist of date, he has no positions at all, either long or short, and this is one of those days that will be permanently seared into his memory. FOMO has a basis after all. I’m missing out.

It would be foolish, I think, for me to clamor into shorts at this point, no matter how elegant the charts. Instead I think I will focus on those sectors which, until today, have been beaten to pieces (energy and precious metals) on the long side, but on a fairly small scale.

Suffice it to say that I hardly slept at all last night, and starting the first trading day of the year with my stomach tied up like a knot is hardly a propitious beginning. Below you can see where the ridiculous and logic-free Santa Clara rally died:

0104-es