I’d say the price gap closure is as good a signal as any to go bearish on this most-important-corporation-of-the-1950s.
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.
Well, I’ve done a lot worse than this before. There’s no doubt about that.
I came into the day with the entirety of my IRA account in one and only one thing: short-dated GDX calls. This is very unlike me. I usually spread my risks, and I usually am so nervous about what’s going to happen that I only buy options with MONTHS left to go. And yet here I was, with 100% of my account in call options had seven trading days of life left. I did a premium post about this to our Gold and Platinum members yesterday, and I did a follow-up post today after I went screeching out of the position with a fat overnight profit. Maybe I closed too early, but I don’t care.(more…)
Below is TLT, which continues to crumble away as the world realizes lending money to a failing nation isn’t a great idea. Get ready for higher interest rates, higher inflation, and a plunging Fed reputation.
This must be one of the cleanest head and shoulders tops I’ve ever seen. Just picture perfect.
This would be an exceptionally good place for the market to stop climbing. That price gap is one I’ve been watching a long time.