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.

Citizen Caned

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When I heard the news about First Citizens acquiring the ruined Silicon Valley Bank, it occurred to me I didn’t know what their chart looked like. So I fired up the symbol (CFG) and, Holy Moses, can you say Head & Shoulders Pattern? This sucker is doomed! Check back with CFG a year form now and see where it’s at. Wow! No wonder they bought a bank in ruins.

Garbage Collection

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Happy new week, everyone. Had I been awake watching the /ES at midnight in the early morning hours, I would have been quite excited, because for the third weekend in a row, it decided to once again start plunging at precisely midnight, shaking off all prior gains. This time, however, the news that a bank no one has heard of (First Citizens) is acquiring the failed bank that likewise no one has heard of until a few weeks ago (Silicon Valley Bank) has convinced everyone that everything is fixed. Trash like First Republic (FRC) is flying higher. You can witness its Everything Is Awesome rally below, if your eyes are sharp enough:

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