I humbly suggest that United Rentals (URI) is a fine short candidate, even this late in the game.
(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.
Critical Fibs!
This market is even weaker than I imagined. As I said in my last post, my brief fling with bullishness was quickly dispatched, and I’m pure bear once more with 80% committed to positions and 20% in cash, which I think I’ll leave as-is until after the FOMC. Please take note of these VITALLY important Fibonacci levels!
(more…)The Little Engine That Couldn’t
Well, I gave it a chance. But, nope, they’re outta here. I sold my SPY and QQQ calls (no big deal; about a $1600 loss total) and kicked ’em to the curb. I’m pure bear again, albeit with 33% cash. This market cannot seem to get up off the mat, in spite of the sentiment severity.
Crypto Time
At the risk of having you believe I’ve taken full leave of my senses……….it’s time to go long Ethereum and Bitcoin.
Tuesday Morning’s Key Data Point
The PPI! My dumb guess? That people will react bullishly to it. Why? Because the last inflation data freaked people out. This market seems to toggle in all respects! We’ll know in a few minutes……
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