I’m planning a series of weekend posts that will be linked together under the title of Brave New World. There are following up from the series of major resistance breaks on SPX over the last twelve months, and will be putting the case for seeing what could well be a massive bubble on equities over the next few years, now that all those obvious reversal levels have been broken.
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.
US Dollar and Bonds
SPX recovered to test the highs on Friday and closed six points below the weekly upper bollinger band at 1639. It’s very rare to see a significant break above the weekly upper bollinger band, and that can only rise at about ten points per week, so we are unlikely to see any powerful further drives up without some consolidation or retracement first. Any immediate weekly rises from this level will be incremental: (more…)
Viewing the Markets from Outer Space
It’s probably just my martyr complex showing, but I found some Broadway lyrics dancing in my head this morning. They are from Man of La Mancha, which I listened to many times as a child…….
Why do you do the things you do?
Why do you do these things?
Why do you march through that dream that you’re in — (more…)
One Chart and One Thought
Well, the whole FOMC thing turned out to be pretty anti-climatic. There’s still an hour left in the trading day as I’m typing this, so who knows how we’ll end up, but so far, the tug-of-war seems pretty even between bulls and bears.
For myself, I covered my GLD short early today, but I left most other shorts intact. I am 75% committed; I intended to get aggressive if things really started breaking down, but they haven’t, so I’m standing still for now. (more…)
Hedging The Most Actively Traded ETFs
Hedging The Most Actively-Traded ETFs
Fellow Slopers,
In this post we’ll look at the costs of hedging the most actively-traded ETFs, but first, a quick update on an old post. A couple of years ago on Slope (“A Nano Cap Bargain“), I mentioned I had purchased a few shares of nano cap mobile phone accessory maker, Wireless Xccessories Group (WIRX). Shares of WIRX were up significantly this week, after the company announced sizeable revenue gains. As I noted in my post a couple of years ago, it’s a thinly-traded OTC stock, with all the risks that implies, so caution is warranted. Now onto the most actively-traded ETFs. (more…)
