The totally-expected 25bps rate cut has been announced, and for now, the market couldn’t care less. Here’s the minute bar of the /NQ which has been grinding around a tiny range for hours.
Immediate Reaction
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.
Dropping a Lincoln Log
Here’s a name we haven’t heard in a while: Lincoln Financial (LNC). These days, financial stocks are blasting to lifetime highs, but LNC, while benefitting from the lift, is not in that lifetime high group. Instead, it is coming up against important resistance. I have purchased June 2025 $40 puts.
Huge News Week Part Two
On election day I was writing that the huge news this week would likely dominate the markets, and the first and larger part of the news is in, with Trump elected President again, and markets breaking higher in response.
I was also writing a few days ago about two unfinished business targets above that I was expecting to see hit within weeks and they were a new all time high on QQQ (done), a retest of the 2024 high on IWM (done) and possibly a retest of the 2021 all time high on IWM (also done). That has cleared out the unfinished business targets above so today I’m going to be looking at possible targets higher on the US indices.
(more…)Silver Reflections
Back on October 16th, I did a fifteen-minute video for my premium members about how enthusiastic I was about silver. In fact, I haven’t been able to shut up about this topic. Not to say that the past month of silver action hasn’t been silky smooth………
And That’s the Truth!
If I beamed back in time to October 29th and told a buyer of DJT (Truth Social) that Trump would win the Presidency in a landslide and ask them to guess what the price of the stock would be on November 7th, they would probably not guess “down by about 45%”. But that is, in fact, the case.
