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.
I feel a little silly with all these Premium Posts, since I warned you last last week that I’d be quiet since – – let’s face it – – a market this oversold isn’t exactly chock full of great shorting opportunities. All the same, here’s another one I like: American Axle and Manufacturing Holdings (AXL). Check out the analog:
Lifetime highs are tricky beasts, because it’s difficult to assess just how much higher values will climb since, by definition, you are in uncharted territory. The psychology is obviously very positive, since all equity buyers are winners, and that tends to feed on itself. But I was curious if there was any portion of market history which resembled what has happened recently on the S&P 500:
The massive financials analog continues to play out beautifully. We may see a little strength (or not) after all the recent weakness, but I think the die is cast. The financials, by way of XLF below, should ideally stay below 27.08 from here on out.
I believe stocks have personalities, just like people do. I am drawn to stocks that have exhibited a clear tendency to fall hard when they form a clean top. A favorite of mine these days is Advanced Micro Devices (AMD). The pas instances of tops followed by big drops is a marvel to behold.