These ETFs are exacerbating the damage already foisted upon the real estate space.

(more…)
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.
Let me take a break from the mountain of excited emails flooding my inbox (actually, not a single person……..) and offer a bit of a life lesson with respect to charting. It has to do with this:

It’s obviously a very good day so far. My main pain comes from looking at the trades I closed. For instance, I sold IWM puts yesterday morning that are up about 270% now. And, weirdly, TWO people cancelled their gold memberships (today of all days). One says he’s done trading. Another is going on vacation. Whatever, fellas. Departures are a good thing, paradoxically.
All my positions are very profitable, but a couple of charts jump out as extra-peachy. One is KB Homes, whose H&S top is amazing.

This is starting to feel tremendously fun, and that should probably scare the hell out of me. If you’re ever curious what kind of market I enjoy, it looks an awful lot like this:
