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.
Gold Bugs Crushed
Hey fellow Slopers,
As Tim noted on Friday (“Kooks’ Last Stand”), the collapse in gold and its SPDR tracking ETF GLD has been shocking, particularly to those who figured QE Infinity would drive gold prices to new highs. Back in January, I posted a couple of GLD hedges. In this post, we’ll take a look at how one of them reacted as GLD dropped on Friday. Then we’ll look at a way to hedge GLD now. (more…)
Is the Cyprus bank deposit confiscation move the "butterfly flapping her wings which ultimately causes a worldwide hurricane"?
http://www.bbc.co.uk/news/world-europe-21814325
The Euro elite and the IMF sought to punish the horrendous bank lending practices of Cypriot Banks by taxing their depositors, and not make the owners of the banks take a haircut, in order for the government to get a bailout. Now if you are a depositor in Spain or Italy and you know a bailout is required, would you keep your money in a bank account?
ES crawled up using the 50 hour moving average as support yesterday and has pushed up further overnight. The 50 HMA is at 1542 and strong level support is at 1537. Until the 50 HMA at least is broken with any confidence there is nothing to see on the bear side here:
I wrote about the Commodities Sector ratio of DBC:SPX here on January 20th. DBC had been underperforming the SPX, essentially, since mid-2011 and was in a large triangle formation on the Weekly timeframe.
Since then, it has weakened further to make a lower low and has broken below triangle support, as shown below on the Weekly ratio chart of DBC:SPX. There is a slight positive divergence on the Momentum indicator, but it has not hooked up yet.
Not Reading Slope Can Be Expensive
Back on Tuesday, February 12th, our host Tim noted natural resources stocks were weakening and suggested shorting Cliffs Natural Resources (CLF).
The next day, Cliffs dived 20% after announcing a cut in its dividend after the close on Tuesday.
From A Mess To The Masses
The old Odd Lot Theory was based on a simple premise: the average, small investor (those who couldn't afford round lots of shares) was usually wrong. Guess which stock Fidelity customers were buying with both hands as it dropped 20% on February 13th?
