It’s a pretty quiet morning so far. I’ll just point out that Alcoa (AA) is in a terrific topping pattern. I know there’s been a lot of talk about copper around here, but aluminum is my metal of choice:
They Can’t Wait for Tomorrow
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.
Those Lovely Line Levels
I was reflecting last night on how lucky we are now. Only last year, the market looked like this. Sort of what I called “A Living Hell on Earth”:
E Tee Eff Look See
Below are ten ETFs. In the caption for each, I’ve made some remarks. As always, click on any chart for a screen-filling version of it.
Canoo Ain’t Tesla
Energy Ease-Out
A bit of a portfolio update:
- I’ve eased out of most of my energy positions because, as the chart below illustrates, the XOP is battered down pretty hard right now. Every one threw off terrific profits. so thank you!
- I have retained only two energy shorts: COP and CPE – – not because they seem particularly resistant to a bounce. But I don’t want ZERO energy, and these suckers have many, many months left on them, so I’m keeping ’em. And anyway, they’re showing +70% gains, and would that be any way to treat a friend?
- My cash is up to 30% at this point, as I remain cautious in the face of bullish shenanigans.
