There is a price gap at 153.26 which is the basis for my purchasing October 20 puts on SMH with a strike at $155. I paid an average of $6.99.
Short the Semiconductors!
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.
Restoration Required
As usual, the analysts come through as they always have. Useless. Wrong. Pointless. But if you’re going to pay someone to JUDGE the exact same product you are SELLING (that is to say, the brokerage), what do you expect?
A New Flavor of Failure
Good morning, everyone, and welcome to Friday. It’s been quite a good week, and even though during the composition of this post, the equity futures have all flipped from red to green, I’m still optimistic about being pessimistic. I wanted to thumb through four index charts of notes to get the day started as we wrap up this shortened trading week.
First up is the NASDAQ Composite, whose most germane feature is the Fibonacci line. The atrocious mega-rally that began in mid-March and, thank God, terminated at the end of July, send the COMPQ flying toward this line, only to be repelled. My view is that this level, which is roughly equal to the peaks in early 2022, is going to be the high water mark for months to come.
