Yesterday I noticed something interesting: the Japanese Yen (as represented by FXY) tagged its symmetric triangle.
Gold Beat-Down
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.
Two Longs, Two Shorts
Let’s keep an eye on opportunities both long and short in this volatile market.
On the long side, ProQR Therapeutics N.V. (PRQR) popped $1.70 to $17.48 on 464,200 shares Wednesday. The biotech company announced it received Fast Track designation from the Food and Drug Administration for one of its medicines treating severe genetic rare diseases. The move broke the stock out of its 2-month declining channel. Looking for a move next to next lateral resistance near $20.75.
Mega-Vulnerable
The typical yo-yos were trotted out on financial television to tell people Everything Was Great and that the Economy Was Sound and that they should Buy Stocks Now. What a bunch of self-serving imbeciles.
Just one glance at the daily SPY chart tells you what you need to know; just one surprise could yank the carpet from under this market and send it collapsing into oblivion.
Race and Place
Back in 1979, when I moved from Louisiana to the Bay Area in California, I was asked a lot of strange questions, such as if I knew anyone in the Ku Klux Klan. People seemed to think that every white person from the south hated blacks and that we were all a bunch of fiery rednecks.
I didn’t understand this, even at a young age, for a couple of reasons. First of all, I had been around black people all my life, including being raised by a black nanny, and second, the kids in Moraga, California sured seemed a whole hell of a lot more homogenous than where I came from. If anyone should be asked about racial integration, it was them, not me.
(more…)In Loving Memory
Bob “Super Dave Osborne” Einstein died yesterday. Rest in peace. And remember, all Slope memberships come with Genuine Saskatchewan Seal Skin bindings.
