Palantir is down about 20% from yesterday afternoon’s brief post-earning spike. Even Karp’s ridiculous mane couldn’t save it this time.
……Gone Tomorrow
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.
Arc Light
Two red days in a row? Is that even legal? Well, before we get into that, let’s look at a couple of markets which suggest to me that we’re going to war, even though there’s no chatter about it.
Oil has completely shaken off its production news from the weekend and continues to zip higher, rendering the Sunday gap moot.
The Zone of Uncertainty
It was a welcome relief to avoid having a tenth, yes, tenth day in a row of the market lurching higher. One day does not a trend make (or break), however, and there’s something more general I wanted to share which is on my mind, particularly as we await the pointless Fed announcement and press conference on Wednesday.
It’s what I’ll call the “zone of uncertainty“, which is the space on the y-axis spanning from Friday’s peak to the peak of the March 25th bounce. I’ve marked it on each chart below in yellow. Give these big indexes a glance………..
Energy Winners
The only sector who has been steadfast in the face of the horrible counter-trend rally (which, God willing, appears to have ended last Friday) has been energy. Here are my energy-oriented shorts, zoomed in to what I think are the most relevant sections.
Ferocious Smoke
Well, Palantir earnings are out, and while the company bragged of “ferocious growth” and pledged to become “the most important software company in the world“, the shares – – which briefly jizzed their way up to about $130 – – are currently plunging.
