I remain astonished how well our bullish cycle play on natural gas continues to run.
Sine Right Here
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.
Cathie Wood
If she could. But she can’t.
Decision Time on Crypto Rally
In my post on Friday I was talking about the possible rally setup on Crypto and, while Crypto has gone down over the weekend, the rally setup has improved. It looks fragile though, and would rapidly fall in quality with a significant decline from here.
In the meantime, Trump was interviewed yesterday and was talking about further tariffs he was looking at against overseas trade partners. He was asked whether these policies might trigger a recession and said it was possible while seeming very relaxed about that prospect. This was not encouraging for equities and is fuelling further speculation that the current bull markets in Crypto and equities may now be over. I’m wondering more about that too but we’ll see how this develops.
(more…)Global Demolition
Well, this pisses me off.
I was puzzled mightily at EFA’s strength last week, with the worldwide equity ETF hitting LIFETIME HIGHS on Friday. It made zero sense. None. Zilch. Today, however, it is acting properly, and it has completed an island reversal gap. This sucker is doomed, but now I feel like I’ve missed the boat. So……….poo!
Open the Floodgates
I was a little hesitant to add a new short position at these depressed prices, but the long-term pattern of Seagate (STX) is compelling. I am now long September $90 puts.
