Small caps were exceptionally strong early in the day, but take note of the breakdown that transpired over the course of the session…….
About-Face, Smalls!
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.
Barrel of Monkeys
Earnings for Cracker Barrel (CBRL) came out this morning, and the reaction was underwhelming. It’s down somewhat as I’m typing this, but the movement is barely a blip compared to the enormity of the pattern. Now that the earnings risk is in the rear-view mirror, this seems an intriguing short to me with a stop at $141.
Toro Boro
In order to beat back the boredom invoked by this so-called “market” of ours, I have YouTube on quite regularly, playing music of one kind or another. I have noticed that lately I have been inundated with ads from eToro, featuring a getting-really-old Alec Baldwin touting the benefits of depositing money into a cryptocurrency trading account.
Tomorrow’s Retail
Looking toward tomorrow, we’ve got just about the only scheduled events of the entire month happening – – the Fed meeting/press conference and, earlier in the day, the release of the monthly retail sales report. The hyper-kinetic “V” of the shutdown is well behind us, so the market is anticipating a more drab, dull 1% pop.
Apple Wearables
Many years ago, when I worked at Apple (late 1980s), the CEO John Sculley spoke about how one day computers would be “sewn into your clothes.” No one really knew what he was talking about – – – and I’m not so sure he did either – – but he wasn’t too far off the mark. The revenue just from Apple’s “wearable” products would, on its own, make a fairly significant public company.
