Bull Victory Bar
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.
SPX and Gold; Pivotal Points at Hand
Leaving aside our usual inclusion of macro fundamentals and market ratios, today let’s take a simple technical look at the S&P 500 and gold.
As the US stock market was becoming deeply oversold (and over-hated, sentiment-wise) in December we planned for a holiday seasonal bounce, which finally arrived with the immediate reversal after the Christmas Eve massacre when the machines (and a few human casino patrons) drove it to its downside climax. The bounce was almost a certainty, given the sentiment backdrop of the moment.
(more…)The Forbidden Zone
My decision on December 26th of last year to dump virtually every short I had, buy GUSH, buy FAS, and short bonds, was the result of some of the most shrewd, most clear-headed thinking I’ve ever done.
In contrast, my impatience and eagerness to jump back into the world of bearishness, having had such a great quarter in Oct-Dec, was one of the worst. Indeed, in my own words from this post of December 26th:
Partial Disillusionment
Ya know, as hard as the past three weeks have been for bears, I was hanging in there just fine……….until THIS bolt out of the blue:
Initial Reaction
For most stocks, losing $9 after hours would be a huge move, but for the likes of NFLX, it’s practically a non-event. Suffice it to say, the excitement of the subscription increase two days ago seems to have absorbed all the bullish mojo in advance.
