As a follow-up to my bullish post on Bitcoin, which is up about 50% since I wrote about it, my view is that we’re going to encounter some serious resistance soon: somewhere around the psychologically-important $6,000 level.(more…)
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.
The big earnings announcement after the close today were fascinating. Take Texas Instruments, for example. Semiconductors have been stark raving mad lately with bullishness, and judging from the initial reaction to TXN, it looked like more gasoline on the fire. But check out what happened soon after.(more…)
Plain old boring Microsoft has now become a ten-bagger for the hearty souls who jumped into it almost precisely a decade ago.(more…)
1960s: “Absolutely nothin‘!”
Today: “Shareholder equity.”
Well, they finally did it. On an adjusted basis (that is, adjusted for dividends, which I think is the only proper way to do it), the SPY has broken out to a lifetime high.(more…)
As a companion post to the prior one about trading Apple options, I wanted to point out what I consider the most significant “feature” of the chart, which is the price gap highlighted below. This is the crucial test next week.
YES, you read that headline correct. It’s time to be BEARISH of Apple.
WAIT! Don’t click away. I’m not crazy, and you’re not seeing things after downing one too many to get through the long Easter weekend. The numbers back this up.(more…)