Image via Bloomberg Business Week.
(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.
Teetering Miners
I am continuing to have great fun with virtual trading (and we’re improving it all the time behind the scenes), and yesterday I bought some puts on GDX, the precious metals mining ETF. So far, so good:
Bank On It
As the market struggles with whether we are heading to 4,600 on the S&P (as the good people at Goldman Sachs assert) or instead lose of the recent mega-rally, I would suggest keeping a close eye on KBE, the bank sector ETF. We are at an important resistance level, just beneath a substantial cluster of overhead supply.
Triple Small
Below is the chart of TNA, the triple-bullish-fund based on small caps. It seems to me we have run into a wall of resistance, indicated by both a horizontal line and a shorter diagonal.
