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.
Well, let’s set aside the GME-zaniness for a bit and recognize that there are, in fact, some other stocks in the market, and when taken together, these stocks can create index values. I have a few words to say about each of the seven charts below.
First up is the Dow Composite. I drew that horizontal line a while ago because of its old range, and today’s (brief) tumble tagged that line perfectly. We need to break it on order to give any surviving bears even the tiniest chance.
Preface to all parts: This week is the biggest earnings week of the quarter. Here are five major stocks that are announcing in the timeframe mentioned in the subject line of this post. Click any chart for a large version; in some cases, I’ve zoomed in to the most germane portion; otherwise, the whole history is displayed.
Good Lord Almighty. Sorry to make today all-GME, all the time, but this is wild stuff. Here is the Price Cone (whose IV ends yesterday, so once today is posted, it will be even wackier).
GME isn’t the only ticker going bonkers today. Its other WSB-driven insanity is, yes, another brick ‘n’ mortar outfit, Bed Bath & Beyond.
Below is from long-time friend of Slope, Evil Speculator, who wants me to stress it was written before the opening bell:
The retail option bubble continues higher with institutional traders watching on in utter awe as to the outright insanity that is taken place in front of their eyes. And of course are taking full advantage per the old aphorism that a fool and his money are soon parted. This is going to be extensive as I’m literally going to bombard you with charts and graphs today. So grab yourself a cup of Java or whatever non-GMO organic sustainable cruel-free tasteless concoction that tickles your fancy, strap yourself in, and get ready for a wild ride.
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