Five Trade Ideas for This Week: Credicorp Ltd. (BAP), Dana Incorporated (DAN), Integrated Device Technology, Inc. (IDTI),KKR & Co. L.P. (KKR) Teradata Corporation (TDC).
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.
The Long View
“You can’t print your way to prosperity.” I used to believe that, but……….meh………here’s what yet ANOTHER “stimulus” package from Congress did for stocks today:
A new lifetime high in the NASDAQ as well as the S&P. That’s what a trillion (with a “T”) dollar infrastructure proposal from Congress did. And, after all, it’s easy to conjure up the money; since we’re already $20 trillion in debt, why not pile on another trillion? Hell, that’s only 5% more debt!
AK Steel Reversal
AK Steel was one of the short ideas mentioned in Saturday’s video. It spiked higher today after earnings came out, but that was totally reversed and it’s showing a nice loss now, forming (for the moment, at least….) a larger bearish engulfing pattern.
Basing Pattern on Energy Explorers
Crude oil has been stuck in a relatively tight range for many weeks, but the oil and gas explorers fund, shown below, is shaping up in a powerful bullish base. I am stating this in spite of having a few energy shorts, because unless 40.02 is broken to the downside, this is a bullish setup.
