Good God. I hadn’t looked at the chart for Credit Suisse (CS) in ages, but I guess that this is what ALL bank stocks would look like now if it weren’t for the infinite help of the central banks. Truly incredible how the might have fallen:(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 banking giant Wells Fargo hasn’t been on my radar for eons, but when I saw this headline……..
I obviously wanted to check it out – – because a Cramer recommendation is pretty much money in the bank.(more…)
Within the past week, the regional bank ETF symbol KBE broken its major trendline. This was positive news for the bears of the world (AKA me, Baby Bear, TNR, and four other people). This positive news has gone super-positive, as the H&S topping pattern of KBE is now complete. Banks are screwed and tattooed. It couldn’t happen to a nicer group.(more…)
In spite of the eye-rolling rally on Monday, the financial sector (by far my biggest exposure in my live positions) continues to weaken. Here are the regional banks, by way of the ETF symbol KBE, which has (1) broken its key supporting trendline (2) is getting within spitting distance of completing a topping pattern, assuming it breaks under that horizontal.(more…)
There it is, ladies and gentlemen.(more…)