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.
Although I am typing these words well before the close, it seems virtually a foregone conclusion that, yep, the past 18 out of 20 trading sessions will end as a win for the bulls (some of those wins being historically giant). The mega-rally from Monday already feels like it took place a decade ago.
The ascent-to-the-broken-trendline for the NASDAQ continues apace, and so far, the line has been respected. I’ve gone ahead and shorted QQQ at these levels, with a stop-loss at $522.
I did something last weekend which I promised myself I’d never do again, which is to visit a friend’s house when she was hosting a vegan dinner. I’m not sure if you’ve experienced these folks before, but they’re quite tiresome. That’s why this classic joke exists: Q: How do you know someone is a vegan? A: They’ll tell you. I kept myself placated with meat-free bourbon so as not to lose my mind, although I just about lunged across the table when someone asked, “When did you begin your vegan journey?”
In any case, these weirdos clearly aren’t making any headway……………
OK, I’ll admit something I’ve never admitted before. When I was a kid and heard about the alternative to burial being “cremation“, I seriously thought they liquified the corpse. I mean, c’mon, I was just a little kid, and it sounded like “cream’. Anyway. Eww.
The big corporate news yesterday was that Dicks Sporting Goods was taking over Foot Locker, which caused DKS to plunge and FL to soar. I find gaps fascinating, and it’s striking to me that, in the midst of this takeover news, FL acted perfectly from a charting perspective and instantly sealed up its price gap from last year! Of course, this entire post is probably offered just to give me the opportunity to use that title.
Good morning, everyone. I’m composing this fifteen minutes into the trading day, and thus far my lovingly chosen short positions are having a good session. This is in spite of the fact that the past four weeks have been a merciless grind higher (and I suppose this would be an opportune time to apologize for being such a pill lately, but I’m a sensitive soul and given to bouts of intemperate moodiness, as long-time readers have surely divined by now).
If, God forbid, we close higher today, that’ll make a 90%-win rate for bulls over the past twenty trading days.
