My last few posts have been a coronavirus COVID-19 series, so I’m putting in the links here so as to refer back to them easily for now. These are the seven posts so far.(more…)
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.
It isn’t every day that you can take a gargantuan, relatively ancient company like Boeing and see it appreciate over 50% in the span of a single trading day, but that’s the kind of bananas market we are in right now. From $90 yesterday to $140 as I’m typing this. Normally, for Boeing, a 50% gain would be fantastic over a three year period. Not less than 24 hours.(more…)
As we blast higher to emerge from the 12,000 point $INDU selloff, let’s just drink in, if for nothing else but prurient curiosity, some of the worst drops of the short ideas I had earlier this year.(more…)
He’s at it again. I want to thank my new friend TXTine for pinging me, which inspired me to DUMP all my longs at great profits and become pure, unadulterated Tim-bear once more, just the way you like me. Incidentally, some of these positions are smaller than Powell’s genitalia. I just like the charts. So my entire portfolio is only 28% committed. It’s not like I’ve lost my mind or anything.(more…)
First, a favorite clip from the required viewing for all American males movie, Robocop:(more…)
Should the SPX rally on Tuesday and beyond, the potential Fibonacci retracement targets taken from February’s high to Monday’s low are shown on the following monthly chart.
A drop and hold below the low could spark a catastrophic selloff to longer-term Fib retracement levels at 2030, or even 1700.
Note that there is a convergence zone of Fib levels and a trendline apex from 2650 to 2790, say 2750ish, making it an attractive eventual target for buyers in this extremely large 1200-point trading range.
It’s nice to wake up to something resembling what I saw when I fell asleep. This sounds like the declaration of sordid frat boy, but I’m referring to the ES and NQ. It looked like we were finally ready to rally last night, and this morning we indeed are.
I have merely two bullish holdings, EFA (discussed in depth with premium members yesterday) and USO. I have my Bull Pen watch list waiting with other opportunities. I’m pleased to see my big EFA position have a good start pre-market:(more…)