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.
Much was made of the collapse of the Russian ruble when the west responded to the Ukrainian invasion. Our own President made the point repeatedly about how worthless the ruble had become. Well – – not so fast. Below is the USD/RUB chart, illustrating the dollar’s value relative to the ruble. Yes, for about a week, the ruble got absolutely demolished. But since then, it’s the dollar that looks like garbage!
In thinking about Santa coming down the chimney, do children ever question what a horrible sooty mess he’d be? Not that I’ve ever heard.
But rather than talk further about the wondrous notion of Santa, here are some stocks that look to be done making new highs and are now headed down the sooty chimney.
With its top holdings of Apple [23%] and Microsoft [21%], the Technology sector ETF, XLK, has held up better than some others. Even so, it lost its bid for a higher high at the end of March, and price fell below the Ichimoku Cloud on Friday.
(more…)Well, happy Sunday Slope. Yesterday was an absolutely amazingly beautiful day here in Nashville. I think we were in the mid-80’s, and nothing but clear blue skies. I spent the day going into downtown Nashville to enjoy being outside. It was so nice to see Nashville bustling with masses of maskless people once again just enjoying life. (Editor’s note: agreed! On and on the plane! What a pleasure!)
In today’s article we’re going to take a look at my new friend, TLT. For those of you that have never traded TLT before, it is an ETF that tracks the long end of the US Treasury bond curve. It looks at bonds of 20 years and longer. Not exactly a high flying tech stock, eh? It’ll pay the bills.
(more…)Early in December 2021, I suggested Wayfair as a short. It was above $220, and I described it as “at the cusp of breaking below a fantastically well-formed topping pattern.”
Few criminal scumbags have benefited more from the Fed’s largesse than Larry Fink. It’s heartwarming to see his company getting torched, and I salute the market’s efforts to continue to pummel this into oblivion.
