The V recovery continues, but at different levels of V-ness………
(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.
Defying the Rotation
You can hardly turn around these days without seeing a headline which, in some form or another, says that the entire world is rotating into Small Cap Stocks, and that’s what 2021 is going to be all about. It’s hard to argue with this when the ultrashort against the Russell (symbol TWM) looks like this train wreck, having lost 80% of its value in seven months!
Three Post-19 Shorts
If you believe that Covid-19 is going to be totally passe and “so 2020″ in a few months, I’d like to direct your attention to three stocks which I believe are vulnerable should the virus become out-of-fashion.
First is Peloton, with a price gap at 122.49 and a horizontal lower than that. The broken trendline and big price gap are key.
A Hero at Zero
The Top Ten page has become a favorite of mine here on Slope. As most of you know, it tracks the top ten most successful traders in Slope’s Virtual Trading feature, and Rich is biting at my heels for the top spot…….
The Influence of Fed Balance Sheet Growth
First off, thanks to The Lone Ranger for inspiring this post in the first place.
And now let’s begin…
Starting with the bird’s eye view, the chart below shows all available data on the FOMC’s operations going back to 2007 (for a more detailed explanation with chart of all the FOMC operations current to Apr 2020, check out this excellent post I found here).
Except for the period between 2015 and the end of 2019, virtually all of the market gains were concurrent with FOMC operations. I will focus in this post on the periods of high complacency as identified by extremely high levels of the 100SMA (20wk SMA) of the Equity Put/Call ratio. If you want to read those posts, the first is here and the second is here.
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