It seems last Friday was yet another One Day Wonder in a long, long parade of them over the past eight years. We have resumed the Steadily Climb To Lifetime Highs schtick, as evidence by the mid caps………
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.
Swing Trade AAPL GOOGL FB
Right on the Midline
Yawn. The excitement of Friday is another distant memory. We’re back to all equities creeping higher, slowly but surely.
I wanted to share with you an index with which I was unfamiliar until SlopeCharts came along – the S&P Total Return Index, which according to Investopedia:
The total return index is a type of equity index that tracks both the capital gains of a group of stocks over time, and assumes that any cash distributions, such as dividends, are reinvested back into the index. Looking at an index’s total return displays a more accurate representation of the index’s performance. By assuming dividends are reinvested, you effectively account for stocks in an index that do not issue dividends and instead, reinvest their earnings within the underlying company.
Splat
As you well know, Friday was a bad day for tech stocks. All it took was a single memorandum from Goldman Sachs about a “valuation air-pocket” (whatever THAT means) to slam literally hundreds of billions of dollars of assets into non-existence. Amazon is a good example of how swiftly this “air pocket” got deflated………
The Generosity of Slopers
Readers of this blog – – known as Slopers – – are the best bunch of any gathering of traders. They proved that yet again this weekend when, after I did my Streetwise post, they sent me cash totally unasked for and unprompted. It wound up being a meaningful four-figure sum, and I had the pleasure of delivering this cash to Zachary on Monday afternoon. Here’s how it went:
