As mortgage rates strangle demand for already-overpriced houses……….
(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.
Cramer Three-Peat
Les Yeux Sans Visage
Since today is one of the eight scheduled FOMC events, I thought I’d fire up the Event Markers feature in SlopeCharts and see how this year’s meetings have done with respect to affecting the market. Well, it’s a mixed bag. I think it has a lot more to do with context than it does with the FOMC actually moving the market. I think the only think we can observe from this small sample set is that the post-FOMC move lasts about 7-10 days before reversing.
(more…)Red Paint
Good morning, everyone. Wow, is it black outside. I guess the days are already getting shorter, which I like. Typing in a dark office with a totally black exterior gives me the warm, fuzzy feeling that I’ve nailed the “early to rise” thing that Mr. Franklin told us about.
Anyway, it’s good to start off what could be a very tough day with some good news, and that comes in the form of a paint can. Specifically, Sherwin Williams. Back on June 15th, I did a premium post pointing out the head and shoulders pattern on this fabled paint maker (symbol SHW). Regrettably, in spite of the quality of the pattern, SHW Is not immune to the market in general, and the enormous rise in stocks starting June 15th spoiled the idea and I promptly got out at a loss.
The top stay intact, however, and about a week ago I re-entered my SHW puts. The earnings came out this morning, and as the news indicates, they were a big miss.
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