Allow me to share a couple of charts that have almost nothing to do with one another, but strike me as similar in a strange way. The first one is the volatility index, the VIX. I have split this into two zones. One is in green, below roughly the 35 level, which is where virtually all the activity has been for many, many years.(more…)
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.
The always-happy-to-support-the-narrative media wasted no time this weekend lauding the “historic” OPEC deal, which was sure to boost energy prices, send oil company stock soaring, and save the worldwide economy from depression:(more…)
If I were to look at the chart below with no idea what it represented, I would call it a very strong buy. It has a long, well-formed base. It has surging volume in all the right places. It had an enormous breakout and a successful retracement without violating its breakout. Basically, it has everything you’d want to see when you bought a financial instrument.(more…)
Hey Fellow Slopers: In my last post (“Too Late To Hedge“), I wrote that it was too late to hedge market risk, but it wasn’t too late to go on offense:
Go on offense. If you have cash to put to work, you can buy and hedge Portfolio Armor‘s top names, or open one of the hedged portfolios constructed of them. Portfolio Armor is selecting securities with the aim of generating positive returns, not just losing less than the market, as you can see below.
This is a crazy-hazardous market, with explosions and shocks happening every moment. All the same, I humbly offer one long idea, XOP, which seems smashed to smithereens.
Human nature is a funny beast. Doesn’t it make all the sense in the world that history’s biggest IPO, based entirely on Saudi Arabia’s accidental oil wealth, would go public just days before a monstrous collapse in the commodity? (Please note this chart is sadly out of date and does not include the oh-my-God drop that has just taken place).