Since it’s clear the market is incapable of going down more than twelve minutes, I’ll throw some red meat out there and offer up stocks from the most overpriced and insane sector in existence: Quantum Computing.
(more…)
Quantum Creep
(more…)
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.
(more…)
Today’s Notable Setups
In spite of the acrid stench of bull arrogance and conceit wafting through the corridors of my beloved Slope, I have been steadfast in my positioning. The only positions that were closed (by way of tight stops) were XLU and MDLZ, both of which were defensive positions, and both closed with good profits. My phalanx of 24 shorts remains in place, and here are some charts which I find to be especially intriguing as swing setups. Go nuts.
Russell Mon Ami!
Want to see an interesting chart? Of course you do! Why else would you be here?
Below is the /RTY from the point when the U.S. surrendered to China (left side) leading to an historic and explosive rally on Monday. Fast-forward to today, and what do we see? A return to the same price BEFORE the announcement early on Monday.
Process that for a moment! The entirety of the post-announcement mega-rally has been laid waste, and it only took a few days.
(more…)Deflated
The PPI numbers rolled out this morning, and in a massive divergence from expectations, not only is there no inflation, but the numbers were deeply negative. I suppose the mainstream media, which can spin any data into good news, will celebrate this, although last time I checked with Ben Bernanke, having persistent deflation enter into our economy would be really, really bad.
Powell Yammer
Jerome Powell is supposed to be speaking right now (as of this composition, the winner of the World’s Most Annoying Female Voice is having her turn on stage). Anyway:
