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.
In anticipation of the Fed announcement, I’m keeping it fairly conservative: 43 shorts and 150% committed. Once the dust clears, I’ll see about getting more aggressive. One of the shorts I already had, Boeing, announced earnings this morning, and I am staying put with a stop-loss at 332.51.
After the tumble the market took on Friday and Monday, it isn’t exactly shocking that, with eleven years of “buy the dip” success behind them, the buyers stampeded in to pick up stocks that were – – umm – -on sale. As of this moment, however, all this buy has merely mended the hole where that price gap used to be. The NQ has pushed past its own price gap a skosh, but the ES is scraping along that line still.
As a lifelong Star Trek fan, I heartily approve. And, hey, if nothing else, this administration has finally done something I’m excited about!
We’re getting to the high point of the earnings season, and of course all eyes were on Apple after the close. It did not disappoint, as shown below. During the regular market session, before the report, I tweeted out an image from the Earnings Reaction page here on Slope, showing that the average pop is 1.82%. AAPL’s gain of about 2% as I’m typing this, therefore, is typical.
Glad I took some profits yesterday. Sheesh! This market can’t manage more than a day or two of weakness. Anyhoo: here is a survey of the sky-high mega-cap stocks which are reporting after today’s close and before tomorrow’s open. Should be well worth watching.
