Long CBRE Group (CBG)
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
First off, WOW about the Matt Lauer news. That’s sort of Walter Cronkite level in terms of the media world. I’ve frankly never understand the mega-success of the guy. He seems utterly boring to me. All the same, we live in some pretty interesting times.
Second, and far more germane to this blog, good GRAVY cryptos are running wild, aren’t they? Bitcoin just about tagged $11,000. I’m feeling good about this, because SlopeCharts had a RECORD day of users. I guess people really dig the HUGELY IMPROVED depth of data, including free REAL TIME, INTRADAY data on cryptos. Keep using ’em, folks – – the price is right!
Thank God for SlopeCharts. It gives me a creative, beneficial distraction from this New Highs Every Day No Matter The News market we’re in. It gets better, you benefit, and I don’t lose my mind. Everyone wins.
But I’ll take my hands off my eyeballs and look at a few ETFs and share a few words about them. First up is crude oil, which is probably going to have some excitement on Wednesday, between the inventory report (10:30 EST) and, much bigger, whatever rumblings come out of the OPEC meeting. As much as I’d love to see this crumble, the chart definitely looks more bullish than bearish.
Bears really haven’t made a significant impression on equity indices this year (Editor’s Note: no kidding…..….) and, statistically, there’s not much reason to think that might change in the last month of the year. One key trendline that I have been watching is the very decent looking rising wedge resistance from the 2016 low and that has broken up with some confidence today. That could still be a bearish overthrow, but that seems doubtful. More likely SPX is heading to test the next decent trendline option, currently in the 2650 area. SPX daily chart:
Just this morning we let you know that there are one hundred different cryptocurrencies on SlopeCharts. Now, just hours later, we’ve upped the game even more, by providing intraday charts of these same cryptos. I’ve also decided that EVERYONE gets access to all this data, not just PLUS users. Just choose Intraday from the Preferences:
Long Tronox (TROX)
Now that I’ve finished reading the entire book, I want to say once again that not only is it terrific, but it’s got to be one of the best books I’ve ever read. I cannot recommend it strongly enough. It delves into Western Philosophy, Eastern Philosophy, ethics, science, history, religion, racism, the exploitation of man, ecology, international relations, the age of the explorers…………it is a smorgasbord of information woven together into a volume which is educational, inspiring, and sobering.
I’m not sure what else I can say except………buy it and read it!
In the nearly thirteen years that I’ve been writing Slope of Hope, perhaps the most ironic post (out of over 20,000) was one I did last January called Bitcoin’s Massive Bullish Base. The reason it’s ironic is because Slope is largely dedicated to seeking out short-selling ideas for stocks, whereas the post was about going long a cryptocurrency. Only ten months and eight-hundred percent later, It turned out to be the greatest trade idea in the blog’s history, which actually doesn’t feel that great for the reason just cited.