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.
Some interesting “pivots” happening in the world of banking stocks, such as Bank of Montreal (BMO). One in particular that caught my eye this morning was megacap Bank of America (BAC) which has been pounding out a series of higher highs and higher lows since the depths of the financial crisis. It seems to have stalled at the red horizontal, however, and this morning we’re seeing an intriguing flip lower.
I wanted to highlight one of my shorts in particular on this quiet morning: Tech Resources (symbol TECK). As you can see, the long-term chart illustrates two prior massive tops, both of which were followed by a hearty plunge. The most recent reversal, which is not tinted, has good prospects as well for falling more, even though it has already lost quite a bit of value from its peak.
It’s here again: Trade Talk Optimism. As you know, on Friday, the Chinese delegation in Montana decided to leave early. The market freaked out. Both China and the U.S. hastily issued announcements on Saturday that, no, no, everything is just peachy, and we’re still meeting. It sounds like the big days are around October 11/12 (hence, Trump’s tariff delay until October 15th). Thus, the ES has cheered up, and it higher by about 13 as I’m sitting here this evening.
What a crazy weekend this is. I drove the length of the state to come down to (God help me) Torrance, California for a fencing tournament, and I’ll drive all the way back whenever this thing ends. In the meanwhile, sitting on this little chair in this noisy facility, I wanted to let you know a couple of things we achieved in the midst of all my driving and trip prep.
First off, we recently discovered that our subscription page was malfunctioning. This was because the darlings over at Stripe changed their API, and we needed to make some changes over here. Since Slope is 100% supported by its paying members (God bless them, one and all), and we take no advertising dollars, this was what we in the sophisticated world of business call A Bad Thing. Because if a person wants to subscribe, it sure would be nice if they were able to do so.
(more…)Preface To All Four Parts: I have sixty-four short positions (which seems to be kind of common lately) and I have broken them into four equal groups. Posts 1 and 3 are for everyone, and posts 2 and 4 are for Gold and Diamond members. Click any chart to see a much, much bigger version, and use the arrows on any chart to navigate the gallery for that post.
