Allow me to present to you an American phenomenon: McDonalds:
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.
Midday ETF Thoughts
Trading hours are usually sacrosanct to me, but I made an exception today for Mochi’s first puppy class. Even so, I’m managing to put together a post. What was curious to me was that, just before I left my office, the market spiked higher (especially gold) which was making a not-great day even worse. By the time puppy class started, though, the spike had vanished, and the market had softened. Importantly, today’s high did not push past my resistance line (dashed red):
Pigger Rich (Again)
On this otherwise grim day for any bears out there, I must once again push some charts forward on my desk and pound my fist about one particular item: Progressive Corp. (PGR). True, this is a boring old insurance company with a ho-hum, not-at-all expensive P/E of 12, but this is seriously one of the cleanest looking topping patterns I’ve ever seen. Indeed, this is my largest non-ETF short position and the only equity on which I’ve “doubled down” and bought put options.
CPI Down, Stocks Up
Yet another delayed economic report came out today – – this time, the CPI – – and it was unexpectedly cool compared to expectations. Based on this encouraging news, bonds and stocks ripped higher, with the /NQ, for example, up almost 400 points before the opening bell.
Death of a Meme
