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 market has become very split in its early trading, with the small caps (/RTY) down about half a percent and the tech stocks (/NQ) up about have a percent. NVDA is way up (mercifully, I have no position) due to its cult following, and I would suggest if you’re just itching to short a semi, opt for AMD instead, with a stop-loss anywhere above that broken trend trendline. I’m long October $140 puts.
Good morning, everyone, and welcome to a new trading week.
Pre-market, it’s pretty much green across the board, with precious metals finally showing some signs of life. Silver was looking pretty weak during Sunday’s trading, but out of the blue it began to rally, and as of this composition it’s up about 1.2%. Of course, metals could simply be aping the behavior of equities, but my thesis is that precious metals will eventually break free and continue higher while equities sink.
