I would like to suggest shorting Brazil by way of the ETF symbol EWZ. The gap closure was just about pitch-perfect.
Brazil Presents an Opportunity
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.
Verizon Horizon
In the dismal recent days we’ve been having, I entered a trade on something I had never traded in my life – Verizon (symbol VZ). I was surprised just now to see its puts up 30%, particularly since they are quite conservative (June 16th 2023 at $45 strike). I’ve shed one-third of them, since I’m not sure how much more juice I can get out of this lemon (and, I confess, a P/E of 8.9 doesn’t excite me). It’s quite a big top, though:
MARA-Leggo
Crypto’s rise over the past week has been just ridiculous. Bitcoin added thousands and thousands of dollars based on, I suppose, the fact that there’s only one FTX out there to blow up. Crypto dragged ALL other asset classes higher with it.
Crammed!
Naz at Fitty
The NASDAQ is at the 50% Fibonacci retracement level. If there’s a God in heaven, this is going to put an end to this nonsense. Let’s watch and wait.
