On this seasick green day, the only red on my screen is my retail shorts. You’ve seen recently how Target (TGT) and Walmart (WMT) got zapped. They aren’t alone. Check these out, including my live positions COST, DG, and DLTR:
The Bastion of Retail
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.
Man Overboard!
As a follow-up to my snarky Shits Ahoy! post from three weeks ago, I present to you the following news item regarding a brawl over chicken tenders on the good ship Carnival Cruise Lines (CCL):
DIA Died
After things heated up following Powell’s dovish capitulation to Trump, I took my DIA puts behind the barn and shot ’em dead. It’s a shame, but the risk of an inverted head & shoulders continuation pattern just too great. Of course, if today is a top and the Dow Industrials reverse hard from here, please take ME behind the barn and put me to the same fate!
Powell Caves!
Moments ago, the text from Powell’s speech was released, strongly suggesting Powell is finally bowing to Trump’s demands to slash interest rates. The effects on futures were immediate. Equities are flying higher:
Crypto Holding Key Support Levels So Far
Back in my post on 11th April I called the likely start of a strong rally which we then saw.
Back in my post on 12th May I called for new all time highs on Bitcoin (BTCUSD) and laid out possible IHS scenarios on both Solana (SOLUSD) and Ethereum (ETHUSD), looking for ideal right shoulder lows on Solana in the 125.43 area and on Ethereum in the 2074.27 area. That hasn’t gone quite as I drew then but essentially both are still running that scenario, though Ethereum has now reached the IHS target.
Back in my post on 23rd June I called the likely lows on those right shoulders made on Solana at 126.09 and on Ethereum at 2113.65, and was looking for that IHS scenario on both to start to play out.
Back in my post on 18th July I was looking at the IHS that had since broken up on Ethereum and the progress made towards the IHS neckline on Solana.
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