Near where I live is a large astronomical radio at Stanford referred to as “The Dish”. It’s a very popular destination for hikers and joggers. Although I think it hasn’t been used in many years, it’s an important landmark around these parts.
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 wanted to share a couple of charts that have little to do with one another on this records-highs-are-everywhere day.
First up is Advanced Micro Devices. For many months, it looked like it was forming a reversal pattern, as it had done five prior times in its history. Instead, it broke above this pattern (green tint), tested it successfully a couple of times, and then – zoom – – a runaway stock. A moment of silence, please, for anyone who had shorted this. The Greater Fool Theory is in top gear now.
My XLU put options (January 2019 $54 strike) are doing well this morning, thanks to the continued breakdown of the Dow Utilities. It’s nothing dramatic, but – – it’s progress!
It’s not an accident that I chose such a distant expiration date. I have no intention of seriously closing this until such time as XLU is in the upper 40s.