I was bug-eyed to see what one chap has posted:
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.
And………..Scene.
In Need of a Flood
Well, the Cathie Wood fan-boys sure have shut up in a big hurry. I guess a woman who has produced a 33% loss in three months in the most obscenely and shamelessly fraud of an equity market in history doesn’t have much to crow about anymore. I suspect vastly lower prices ahead, and Wood to finally recognize that all the glory and fame marked the high point of her entire professional and personal life. It’s all blood from here, lady.
The Next ______________
In the world of financial stories, one of the most common themes is how such-and-so is going to be “the next” followed by fill in the blank. Often the blank is “Amazon” or “GameStop” or “Tesla.” This time, the two nouns involved are “copper” and “oil”:
I was intrigued by this, and judging from these charts, I’d say the idea of copper doubling from here is far-fetched. In fact, I’d say the very publication of such articles is more a sign of a top than the beginning of a new bull run:
(more…)The Problem with Shorting Strength
Something I’ve been noting over the past few weeks is the steadily rising Equity Put/Call Ratio 10MA. As a signal alone, a CPCE near its upper weekly Bollinger is one of the better breadth conditions I have found that can put me on alert to buy when the main DTL is breached. The vast majority of the time, Equity PCR rises during a pullback or correction, but it very rarely gets near the upper weekly bollinger when price has not pulled back a few percentage points first. In fact, in all the data I could view back to 2004, it has only happened five times. These occurrences have a few characteristics in common.
- High numbers of stocks that are trading above their 200 day MA’s
- Tends to follow some kind of extended run up.
After the S&P500 has had a good run, it’s only natural to start thinking that price has come so far that it’s getting a bit long in the tooth and perhaps a correction is right around the corner. The problem is that when too many traders and investors start considering hedging their bets and putting on some put protection most of you know what happens when there are too many leaning towards one opinion. Of course, it has a lower probability of happening. Especially when you consider these hedges decaying and keeping a passive bid under SPX where most hedging occurs.
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