Long Kratos Defense & Security Solutions (KTOS)
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.
Oil’s Weak Future
On Friday, this tumbled into my Twitter feed, attributed to Gartman:
And, so, as federal law requires, equities are UP and crude oil is DOWN right now.
I love the crude oil chart as a short, and I’m short USO as we speak (well, neither of us is speaking – – or at least I’m not – – and if you’re talking to your screen right now, you’ve got worse problems than either of us). Anyway, here’s what I see:
Six Trade Ideas
FirstEnergy Corp. (FE) established tight base over the last two weeks and break of resistance in the 32.4 area could trigger new up wave.
Flipper
It took me about eight years or so, but I finally learned not to swallow all the weekend doom porn from ZH. On Saturday, I sent out this tweet in response to something they posted about oh-how-awesome the collapse on Sunday’s Globex market would be:
And here we are Monday morning before the open………with double digit green figures on all equity markets. (more…)
Potential Pivots Upcoming for Stocks and Gold
Prologue: This is a bearish article written by someone who covered his short (bearish) positions today (except for the euro) and has only long positions now, in precious metals and stocks, along with a heaping helping of cash. In other words, per yesterday’s snapshot, the market had dropped to levels that could see a bounce, especially since the spark to this week’s reaction was not legitimate as a substantial market input. This article is not concerned with short-term ups and downs; it is concerned with what comes in September or in Q4, after da boyz is back from da Hampins and settled in.
The war of words between the TiC (Tweeter-in-Chief) and the LiC (Lunatic-in-Chief) has little to do with the financial market’s intermediate-term fate. In the very short-term? Sure, man, machine, casino patron and Mom & Pop will fly in and out of stocks as the wind (and sentiment backdrop) blows. But before this standoff of the belligerent, the markets had set a course for changes come September or Q4 2017. (more…)
