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Still from an r/WallStreetBets Family Guy meme video illustrating the declines suffered by growth names in Cathie Wood’s ARK ETFs. As growth names have stumbled this year, Wood’s flagship Ark Innovation Fund (ARKK) has been a bellwether.
(more…)From a charting perspective, the market has become vastly more interesting in just the past few trading days. As I mentioned last week, we finally had a failure of the March 2020 trendline. I think that, in the weeks ahead, the small caps is going to remain the most interesting sector to short.
This is what it looks like when bulls assume (with good reason) that they should Buy The Dip. So far, it isn’t working.
I used to absolutely live for mornings like this. I mean, you’ve got:
I mean, that sounds like every day in heaven, doesn’t it? I could get used to that, 365 days every year.
And yet every single time this happens — Every. Single. Time. – – whatever traitorous scumbag is heading the Fed screws things up for us bears (and I’m probably going out on a limb even using the plural at this point, even on a planet of 7 billion people). Greenspan. Bernanke. Yellen. Powell. They’re all the same.
(more…)Preface from Tim: Hey, Slopers. As I’ve made clear, I’m working paw-in-hand with Molecool to introduce his jaw-dropping crypto product in the near future here on Slope, and he did his third webinar yesterday. An archive of it is below, as well as some other musings and updates from the Molester (Umm, seriously, that didn’t come out right………….maybe Mole-ster is better).
After some initial trepidations the Mole has turned himself into a mean lean crypto webinar producing machine. Which really cracks me up because I almost soiled myself the day of the first one and now I can’t wait for the ‘big one’ which is scheduled for the coming Wednesday at 3:00pm Eastern.
Yes, you heard that right – I had to make another change to the calendar as there simply is too much to do ahead of the big launch. Exhaustion levels are pushing in the red zone.
If you weren’t able to attend the Sunday show – boy, did you miss out. There was quite a rowdy crew that gathered and and we had a lot of fun. Plus everyone was eager to finally get their greedy mittens on some of the ‘now not so secret sauce’ that drives the crypto trading system which made me and Scott more than a million dollars starting from just $70,000.
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