Remember the blowout earnings and huge rally with Google (oh, sorry, ALPHABET) a couple of weeks ago? It’s toast.
100% of GOOGL Gains Gone
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 Top Is In, But What Top Is It?
The Fed gave us exactly what the market expected in a .25% rate cut, and even gave us a “gift” with the early cessation of Quantitative Tightening. Normally, most would view this as a bullish catalyst. However, with market sentiment topping out in a bullish extreme, market participants interpreted the Fed action as bearish (despite its positive substance), and the market sold off this past week.
Based upon my analysis, we now have a top in place, as I have been warning to expect. The question is what will that top represent?
(more…)Die Bold!
Who is loony enough to suggest a stock to short on a day like today? THIS guy! Anyway, I know we are “oversold”, but I must share this (DBD):
Meltdown
Well, I’m waiting by the telephone for the Pulitzer committee to call me about the Wow post I created for my premium members two weeks ago. It is becoming thrillingly prescient. Alternately, had you watched CNBC last Wednesday, you would have followed their emphatic advice to buy stocks. Since they’re such a bargain and all.
I’m actually semi-crippled right now, because my portfolio laptop died, and I stayed up until 1 a.m. setting up a new system, but for reasons too long and boring to explain, it isn’t really the way I want it. And my setup is so incredibly efficient, if my arrangement is different, it slows me way, way down. So it’s frustrating.
(more…)Freaking Remarkable
I’m usually asleep this time of night (I’m kind of an early to bed, early to rise kind of chap), but one of my laptops is D.O.A. so I need to whip out my decades of computer experience and make life good again.
Before I dive into that, I’ll just say this……….I told my premium users about a trendline that was approaching on the ES. My eyes just about popped out when I saw where the ES found support. As many years as I’ve been doing this, I still get slack-jawed over the power of this simple drawings. Of course, this trendline could break, which would just make me even happier. But as of this moment, this critical trendline has done its job. Here’s a close-up……….
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