I guess this isn’t the first time it has happened to Sleep Number (SNBR), but the stock has cratered, losing way more than 90% of its peak market value. As the old saying goes: a feature is not a product.
Fell Out of Bed
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.
Divergent
Since the start of 2022 RUT has been negatively diverging from SPX. This divergence continues to mount, as today can testify to. As I am writing this, RUT is down roughly 1% on the session and SPX is flat. You can see how striking the divergence has become in the chart below. To highlight the continuing nature of the divergence, see that RUT topped last Friday has been moving down steadily throughout this week. In contrast, SPX has continued to charge higher.
The 4400 (by MoneyMiser21)
So Jerome Powell’s speech had the market ‘on edge’ before the opening bell, but the real story centers on “The 4400” for the S&P 500 futures.
(Author's note: Yes I'm not dead. Just dealing with major health problems for my dad taking nearly all of my time away from trading. That's why I've been MIA from Slope since July.)(more…)
A Different Kind of Gap
Yesterday, I bought puts in the clothing manufacturer/retailer Gap (GPS). I based the trade on the resistance line I’ve drawn below, and it was made easier by the surprising fact that this seller-of-jeans-and-t-shirts has a P/E of almost 50!
Ay, Yi, Yi, AEE……
Ya know, this has an “F” for options liquidity, but I can’t help but love it. I went long puts on AEE yesterday, and I added to the position today. This diamond pattern is irresistable.
