It’s been nearly three hours since the CPI report came out, and the market just doesn’t know what to do with itself. As I am typing these words, the /ES is unchanged, the /NQ is down, the /RTY is up, and every one of them looks like an EKG printout. Lest you think that the market is a bar-goon right now, kindly look at the percentage of stocks above their 200-day moving average. It’s awfully damned high:
(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.
Perfect NFLX Gap Fill
Just bought June $350 puts.
Emerging Touch
The massive rally since mid-October has yielded a perfect touch on the broken trendline for the emerging markets fund EEM:
Right on the Money
Well, folks, that’s it. The CPI is out, and the report 100% matches the consensus estimate.
(more…)