It’s ironic that one of my very best picks of the year has been a long position, of all things. Anyway, Qudian, which I’ve been yammering on about endlessly, has finally completed its basing pattern. Off we go!
Qudian Complete
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.
Slipping into G20
Welcome to the final five days of the first half of 2019. It’s a pretty quiet morning, in spite of the looming G20 meeting and the all-too-important China/US trade talks re-ignition. I was pleased to see that, following this G20, there isn’t one until late November 2020 (interestingly, after our own elections). These meetings are annoyingly loaded with suspense and excitement which really never amounts to anything.
Looking at the /ES over the past few days, we haven’t been trending strongly in either direction. On the contrary, we are sputtering toward the apex of a small triangle pattern, as the market is desperately seeking some new reason to make a move. As it is now, we remain more or less at 2950.
(more…)Flip Fantasia
I did a post suggesting Bitcoin as a buy when it was about $3800. A few weeks ago, I suggested the price may have peaked due to it hitting a Fibonacci retracement. Well, the “animal spirits” unleashed the past month have been felt most strongly with crypto, and it blew right past it……..to the NEXT Fibonacci level! So I’d like to suggest, once again, maybe we’re peaking. I wouldn’t dare short it, but I think we won’t get past $11,500 or so.
(more…)Palo Alto Plunges
I’ve lived in Palo Alto since 1984. The local papers around here (the Palo Alto Weekly and the Daily News) are funded almost entirely through ads for real estate, so it’s pretty easy to keep one’s pulse on real estate by way of how many ads there are, how large they are, and what they emphasize. I will say, however, that in the past 35 years, I have never witnessed two particular words of the English language until now.
