Until this morning, the bears were toast. At the end of the day, they were burnt toast. 2023 has been an absolute wreck for the bears and an unchecked bonanza for the bulls. Witness today alone, as the US dollar plunged following the FOMC.
Explosive
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.
The PATH Seems Higher
Below is the stock UIPath (symbol PATH) which not only has a bullish pattern but has strengthening volume to accompany it.
Hot Cockles
The FOMC did their thing, and the bulls are loving it, making 2023 even more of a bonanza for them that it already was. The Fed didn’t actually CHANGE anything, but the language they’re using is definitely warming the cockles of the bullish hearts.
FOMC Watch Party Today!
At 2 p.m. EST, 11 a.m. PST, be sure to hope over to SlopeTalk so we can talk about the latest FOMC announcement and, half an hour later, watch on SlopeTV as Jerome does his press conference. Just to get you in the mood, may I present to you the true, uncensored Jerome Powell:
Shorting the Fantasy
I have bought June $39 puts on DraftKings (DKNG) the sports fantasy betting side (with a p/e of N/A, since they have never earned a penny). The head and shoulders top may or may not still be relevant (pink), but, interestingly, prices have soared all the way up to precisely the neckline before weakening.
