There simply are no words left at this point.
Japan Leads the Way!
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.
Cruise Line Mid-Line
I’m not going near it, since I’ve been burned too many times, but I feel compelled to point out Royal Carribean (RCL) as a short idea. The reason? Well, it has zipped about 80% higher in just a couple of months, and now it has banged right up against its channel’s midline.
Ya Mo-Ran!
Good symmetric triangle patterns are rare, but the oddly named corporation Freeport McMoRan (yes, that’s how it’s supposed to be typed) symbol FCX had a beauty. Take note of how the resistance trendline (red) and supporting trendline (green) converged almost exactly at the same place as the dashed line, which represents the peak of its recent bounce. That’s the day I bought puts.
Olive Oil
My ceaselessly mentioned bearish ideas on energy, even short-term (like this morning) continue to do well. I see Exxon is pathetically (and, in a perfect world, criminally) screaming about how they’re going to buy back tens of billions in their own stock, which is the ultimate form of self-dealing scheming. It isn’t helping. The energy market is recognizing how dead the economy is going to be next year.
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A Skosh Overbought
Don’t get me wrong. It’s not like I’m shorting anything to do with crypto. It just seems to me, as the indicators below strongly suggest, that Bitcoin needs do some serious backing and filling to digest the literally tens of thousands of dollars of gains it has experienced in just a year’s time.
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