These Canadian banks have returned to price levels that make them intriguing short candidates.
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North of the Border
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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.
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Fiscal Falls
Two of my big victories today are in the form of banks. I’ve sold 25% of the puts just because the profits are so outsized and I want to take some off the table. These were brand new positions yesterday, and they both threw off 150% gains overnight. Dumb luck, but I’ll cheerfully take it.
My Trusted Ally!
One of my largest positions is Ally Financial (symbol ALLY) which I was hoping would repeat its Covid wipeout. So far, so good! Puts are up 60% so far, and I’m hanging on to these suckers.
The Face of Money
Below is one of those super-tall infographics which are always pretty interesting. Let’s just say the topic at hand is related to this………
Financial Gap
Preface to this post: Due to a fairly busy schedule on Friday, I am composing this prior to the opening bell. Thus, the charts are accurate through end-of-day Thursday, but the general points remain the same.
One of the less-known index charts I look at is symbol $DJUSFN, the Dow Jones US Financial Index. Here is a recent daily chart, which shows Thursday’s explosive rally achieving nothing more than almost perfecting sealing the price gap from last week.
