Oh, well. I’d say the dream is dead when it comes to the semiconductor index. I soured on this one last week, and one simple chart of the SMH shows why:
Super Strong Semis
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.
Bull Revenge Bar
XLU OMFG
There’s no doubt about it. My declaration to go bearish on Utilities was one of the greatest calls of all time and, simultaneously, one of the most poorly-executed in my life. I made 144%, but this sucker has continued to collapse, and I don’t think it’s even done yet. I am SUCH an idiot. I hope you people have done better with my genius trade, having not been burdened with my empty head!
Diamond Eyes
I am inclined to apologize for my persistent navel-gazing about my XLU trade, but it merits examination, and there are lessons to be learned.
I was curious when I discovered – – and I use the word “discovered” very deliberately, since I’m exceptionally good at spotting patterns with my eyes/brain combo that computers simply cannot do – – the diamond pattern in the Utilities. It seems to me it took place way back on May 16, 2023.
Foiled Again
Good God. It happened again.
On Friday, I closed out my AA (Alcoa) puts for little better reason than I was bored with them. Aren’t you dazzled at my charting genius with that kind of rationale? Well, you know what happened first thing Monday morning.
