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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.
Post-Close Snoozer
Even though this is the biggest earnings week of the year, this afternoon’s reports are dullsville. I mean, stocks like those below are fantastic if you bought them twenty years ago and haven’t sold a share, but let’s just say Thursday’s fireworks will be vastly more exciting.
Bank On It
I’m having another good day, in spite of the ES and NQ being green (and the NQ specifically being up nearly triple digits). There’s really one and only one reason for this: weak banks. For whatever reason, I am lassoed to bank stocks, even though they represent only a fraction of my holdings. As the intraday chart below shows, KBE is “catching down” to SPY (in black and blue, respectively, and appropriately):
Stuck in the Rut or Not?
It’s nice to wake up to a Russell which is actually a tiny bit red. We had a good hard down day yesterday, and naturally it fought back, but at the moment, all is well. My principal interest and concern is whether or not this is merely the third “bounce point” we’ve seen on the /RTY in recent weeks.
