Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Thousands of points added to the Dow. LIFETIME highs on major indexes, such as the Russell 2000. Peace in North Korea. No trade wars. Infinite buybacks. Infinite QE. It’s all good, right?
Yeah, maybe. But I at least wanted to point out what the CCI is doing (and what it has done in the past) with respect to the NASDAQ……….
As a younger man, I truly believed that those individuals who didn’t have the drive and intellect to hack it in the world of free enterprise were relegated to low-paying, boring jobs in government. Whether city, state, or federal, I figured the dullest among us would wind up with a direct-deposit paycheck from some bureaucracy and just slum their lives away with a steady diet of paperwork, fast food, and watching tee-vee at night.
How wrong I was! The City of Palo Alto makes clear that it’s ME who is the moron and the clerks in city hall that are banking coin! What a fool I was.
And I know we’re all supposed to get misty-eyed at these “civil servants”, especially police officers and firefighters, who
hang out at the station house risk their lives every day on our behalf, but I’m sorry, when a fuckin’ firefighter is getting a third of a million bucks a year, the world’s gone wrong.
After last week’s breakout in small caps, they keep on keeping on (and the moving averages never even threatened a reversal, even through all the mayhem earlier this year):
Southern California experiences a “May gray, June gloom” weather effect. Up north in Cupertino, America’s favorite smartphone maker experiences a similar phenomenon with its stock price.
In the past ten years, AAPL closed beneath its June options expiration (OpEx) open (Mid-May to Mid-June) six out of ten times.
And when we focus on the past five years’ June OpEx periods, the bears won four out of those five times.
A major reason behind the bearishness is Apple’s annual Worldwide Developers’ Conference (WWDC), which is almost always held in June.
Since 2005, AAPL closed every week red except one (11-1 to the bears), and that was 2014 when the 7-for-1 stock split took place shortly after the WWDC. (more…)
It’s Sunday evening as I am typing this. Now that the China Trade War seems to have been cancelled even before it truly began, the US dollar is continuing to sail higher……
Suggested as a short a number of times the past couple weeks, Jack in the Box finally paid off: