With interest rates heating up, long-term trendlines for homebuilding funds are starting to crack.
Housing Lines
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.
Momentum Stocks to Watch
These four stocks are moving on news and gaining technical momentum.
Axsome Therapeutics, Inc. (AXSM) jumped $8.60 to $89.57 on 2.6 million shares Wednesday, more than double its average volume. On Monday the biotech company said its experimental treatment for depression met the primary endpoint in a Phase 3 clinical trial. The move popped the stock through the top of an already steep channel rising from the $20 level just two months ago. Watch for $106 next.
Bed Bath & Beyond Inc. (BBBY) gained 84 cents to $17.72 on 10.5 million shares Wednesday. The move followed news of a restructuring in which six senior leaders are leaving the specialty retailer. The stock has been stair-stepping up its rising channel since its mid-August low at $7.31, and the channel top now points to a target of $20-$20.50.
(more…)Bouillabaisse of Charts
Wooing Inflation
The Continuum (the systematic downtrend in long-term Treasury yields) has for decades given the Fed the green light on inflation. Sometimes it runs hot (as per the red arrows) and sometimes it runs cold. One year ago people were confused about why a declining stock market was not influencing Fed chief Powell to reverse his relatively hawkish tone.
The orange arrow shows exactly why, per this post that will be one year old today.
In the Dark
Well, the city of Palo Alto, home of Steve Jobs, the Google Guys, and all things tech – – basically the center of the technological universe – – can’t seem to keep its power on. Once again, we are plunged into total darkness. My family, including the dogs, is currently huddled around our fireplace, the only source of warmth in the house. It’s actually kind of a sweet moment.
