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.
I honestly never thought I’d be short Twitter, but it’s turning out to be one of my favorite positions. The reason I doubted it, of course, is because it’s already lost EIGHTY PERCENT of its peak value, so it seems sort of destroyed already.
However, it’s pretty evident the company’s business model sucks out loud (sort of like – I dunno – SNAP – which, surprise, surprise, I am also short) and I see firm support at $0.00.
After a few days of weakness (horrors!), it’s no surprise at all to be witnessing some green this morning, with ES and NQ using the relatively strong jobs report as their latest excuse to rally. This is totally expected, and as I told my Plus subscribers yesterday afternoon, I expect the counter-attack in crude oil to be even stronger. It’ll be a magnificent trap.
As for today, we’ll see if the strength builds on itself, as it sometimes jobs on these jobs report days, or if it starts to wither (which would really start to freak the public out). My principal message is that broken trendlines do matter.