I have no excuses. It’s just my nature, I guess. Early today, I shorted the 14 stocks below. As I type this, 13 are profitable.
What, Are You Nuts?
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.
Bad News is Good Again
It appears that my The Bottom Is In post managed to nail the bottom after all. One key moment happened after hours yesterday, after California Governor Newsom announced that the entire state would be in a state of lockdown. The ES and NQ sold off some at first (blue tint below), but within a few minutes, they regained their footing. They’ve spent all night climbing, with the NQ itself limit-up for a while (green tint).
Gold Stocks: Peak Bleak?
Peak Oil? That was an obvious and widespread promotion while it was in play and did not fool anyone who bothered to step aside from the herd that ran with it.
Peak Terror in broad stock markets? Well, that I don’t discount so readily because this is a system that was a debt-bloated accident waiting for the trigger that turned out to be COVID-19. Terrified casino patrons will pray that the Fed’s bullets are not duds because that is the only way out. That and the still-intact mass confidence in the Keynesian debt scheme that the Fed operates within.
(more…)Dud.
I lost 1% today. My trades were all pretty much duds. I took damage from my TLT and GDX shorts. I got out of my GLD short at a small profit. I am still long BA. But on the whole, I felt rather “out of synch“‘ today. Given how fantastic the past month has been, meh, I can live with it. I just forgot was it was like to end the day in the red.
Still, I’m not sure how much “synch” there exists that one can be “in” with at all. This market is unrepentant chop. One glance at the ES shows that all we’ve doing is banging around in a slightly lower range.
