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.

Present P&L

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I guess nothing’s really going to move (or even wiggle) until this afternoon when some big earnings come out. In the meanwhile, here is my entire portfolio and the present gains (in bold) or losses. (Note Bene: this is actually out of date; all these percentages are better now, in spite of that swine Yellen’s best efforts to personally harm me).

AMZN January 2024 $150 put+10.3%
EFA January 2024 $80 put+3.2%
FITB February 2024 $34 put-1.8%
GM January 2024 $43 put+16.5%
INTC January 2024 $35 put+.7%
META January 2024 $350 put+23.7%
PRU January 2024 $105 put-2.2%
RCL January 2024 $120 put+.7%

UPStruction

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The naive observer would think that the good news of UPS avoiding a massive strike would have the stock exploding higher. Nope. Just the opposite. After a picture-perfect seal of its price gap, the “good” news has hammered the price (probably because the company’s profits are going to get eviscerated by handing over tens of billions in cash to the boys in brown).

SIMO Solo

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A company called Silicon Motion Technology (ticker SIMO) enjoyed an explosive move higher from late May to late June. That entire move has been unwound, illustrating just how fraught with risk this market continues to be for the bulls. The cessation of the whole AI lunacy will eventually reach the likes of even Nvidia, but it’s going to start with the junk first.

Bombastic Banks

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It’s quite evident at this point that the BTFP (quickly referred to as BTFD by the trading crowd, which was quite prescient) introduced by that despicable pig Janet Yellen has added trillions of dollars to equity valuations. The most meaningful hope for exhaustion is for the recovery of the banking sector to cease.

Looking at the ETF symbol KBE, we can see how the surge from the small bullish base has pushed present price levels precariously proximal to the base of the giant topping pattern.

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