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.
I grew impatient enough with Bank of America (BAC) that I threw it overboard, even though I think it still has the potential for a meaningful reversal. In its stead I have acquired January 2024 puts on AMZN at a strike of $150 at a price of $19.90. They’re up 7.61% so far, in just an hour, so at least it’s a good start.
It seems that META might have finally peaked and reversed, promulgated perhaps that the sputtering of their wildly-touted Threads “Twitter Killer” (yeah, umm, no).
Ever since Janet Yellen completely threw the rules out the window and bailed out all her banking friends on March 13th, the financial sector has been thriving in the swimming pool of free cash they’ve received from the government. These explosive moves higher are continuing, but looking at the likes of Western Alliance Bancorp (symbol WAL) it seems to me the breathless ascent’s days are numbered. Before Yellen’s corruptive disruption was introduced, the stock was rightfully headed for $0. As it is now, it is approaching a mountain of overhead supply whose bottom is at about $53.62.
We’re now in the thick of the earnings season, so let’s take a look at four big announcements last night.
The big boy was Tesla, which on the heels of the data went absolutely nowhere at all, but subsequently through the evening took a tumble. The Fibonacci level of 294.30 provided resistance, and at this point the next meaningful support is at 260.67.
They are at it again. Articles catching on to the US dollar breakdown are appearing in the smaller media (e.g. blogs and websites that are ‘perma’ pro-gold, anti-USD, anti-stock market, pro-financial Armageddon, pro-emotional “analysis”), where the thickest bias and dogmatic views are aimed at less experienced investors through emotion.
Yes, gold is bullish. It has actually been bullish on the big picture since it took out 1378 (what NFTRH had targeted as the “bull gateway”) back in 2019. That began the next leg of the ongoing bull market that began in 2001. Yes friends, gold moves slowly. And why shouldn’t it? Bubbles, like the grand one that is still alive in stocks, move faster. They move faster on the upside and boy do they move fast when they burst.
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