Bank of America had a gap of 15.93 which has been closed, to my eyes, satisfactorily. I am now short the stock and long the August $17 puts.
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.
Interest Rate Gap
Interest rates have been zooming higher the past four days. I think an important level to watch is the gap on $TNX at 26.11 (that is, a rate of 2.611%). If it stllls there and starts working lower, the drop in interest rates will probably accelerate to new lows for the year.
Gap Closing on Emerging
How’s that for a confusing post title? Anyway, I am so short, I could jump off a dime, and I am merely adding to positions. The latest of the emerging markets ETF, symbol EEM, which is approaching a gap-fill as well as the underside of a trendline.
Another Glorious Victory for TA
I have only two small screens today, not my usual eight large screens, but even in these primitive conditions, I am loving what I am seeing. Blood, chaos, and crumbling stock prices everywhere. Keep this up for a few years, and I can find my bliss. I’ll mention one stock in particular (which I’ve pointed out many, many times both here and on TT) – CREE – that has fulfilled its destiny of closing its gap. Sure, it could keep falling, but at least this goal has been met. Huzzah!
