Coffee more expensive? As Jeremy Irons’ character in “Margin Call” says, “I’ll have to pay”.(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.
Apologies for the extended absence again as my interminable divorce drags on. That’s making progress though at least, and in a few months at most should be done.
In the meantime I posted my premarket video at theartofchart.net from this morning on my twitter in the morning and on indices so far at least that has been exactly on target. If you missed that then you can see that here.
Just to recap quickly what I was saying on the video, I was expecting SPX and NDX to rally into retests of the strong resistance trendlines that have been holding so far this week on both. We have seen that retest on SPX and a daily RSI 5 sell signal is now brewing as expected. If that fixes then these have been good performers for delivering retracements this year.(more…)
Wildly-overvalued companies in the tech realm just are not having a good evening, are they? Here’s Pinterest:(more…)
So how’s AMZN doing after hours, now that they’ve released their earnings? Probably record highs thanks to the lockdown, right?(more…)
Considering all the money that has no good home, it’s awfully odd the Fed feels duty-bound to shove $120 billion down the throats of banks month after month with no end. Here’s the overnight reverse repo: