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.

Desperate for Another Hit

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I rarely glance at my Facebook, but this morning I did and a friend of mine was asking if anyone got “lucky” with TLRY. In case you haven’t heard all the chatter, Tilray is a Canadian marijuana company which has become the newest darling of MOMO stock traders.

This struck me as interesting, because the last time this same friend mentioned a stock that I had never heard of before was a few months back when she mentioned IQ, “the Netflix of China”. I’m not going to bother drawing an arrow at the place where she drew my attention to it, but look for the highest point of the graph, and you’ve nailed it. The stock is down about 50% since then.

slopechart IQ (more…)

The Letter of the Day

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Since it appears the loftiest thing the citizens of the United States can seem to discuss is either

(a) which Mario Kart erniebertcharacter the POTUS’ wanger most closely resembles; or

(b) whether or not two felt puppets are actually gay or not (see image to the right)

Then I guess I’d better just repeat what I did yesterday and sing The Alphabet Song. Or, more precisely, share with you what I thought were interesting charts as I thumbed through my ETF watch list from A to Z. Some will be repeats from yesterday, and some others will not.

I’d be lying if I said I wasn’t disappointed in the action on Tuesday. Although I’ve been through enough disappointment to not get excited about a big double-digit drop on both ES and NQ during nighttime trading, even I wasn’t cynical enough to think that ratcheting up the trade war would actually push markets to lifetime highs in some cases. And yet that’s precisely what happened.

So here we go again.

First off we have commodities, by way of DBA. In spite of oil’s crazy strength in recent months, my view is that commodities in general are more inclined to weakness than continued strength for the balance of the year. (more…)