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.
For the longest time, I got emails from Zillow telling me, month after month, how my house was appreciating in value here in my beloved Palo Alto.
Recently, though, there’s been a bit of a change:
The funny thing is that the amount it has decreased in value – about $540,000 – is precisely what I paid for the entire house way back when I originally bought it.
Today is the third day on the three day rule and bears can trigger the rule with a close today at 2134 or below, approximately 2168 on ES. That was tested at the low today and is holding as support so far. Bears have dominated the closes recently, so we may not know for sure until the close. If the rule triggers then a lower low on this retracement before a new ATH is almost certain. If the rule doesn’t trigger I’ll be getting significantly more doubtful about lower lows. With ES at 2135.50 at the time of writing I’m leaning 65/35 in favor of the bear side. SPX daily 5dma chart:
I’ve been a fan of short positions for retailers, as well as the ETF (symbol XRT), but there’s one in particular I’d like to point out as my favorite: Williams-Sonoma. Here’s the chart:
In case you missed it, please be sure to leave House Safari a good review, as described in the last post. But I wanted to move on to charts, so……….
A few weeks ago, I made a big stink about how any symbol with the word “automobile” in it was shortable (as well as the biggies like General Motors and Ford……….basically anything to do with cars). This bearishness on a particular sector is finally starting to work out. Here are a few examples from today’s trading action.
