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.

JC Penney…….a Buy!?!?

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JC Penney has obviously had a horrible few years, only exacerbated by the fact that they got starry-eyed over an Apple executive (with the somewhat porn-star-ish name of Ron Johnson) back when Apple was the Best Shiny Thing on the planet. Well, the world has discovered that AAPL has clay feet, as do its executives, and they gave the guy the heave-ho (and, from what I read, the chap bought $50 million in JCP warrants whose strike price is way over 100% above the current bid, so that’s gotta hurt).

Anyhoo, unlikely as it seems, maybe JCP is nearing an important bounce point, based on the trendline that goes back over 30 – yep, that’s over thirty – years. Maybe Penney’s will eventually go the way of Montgomery Ward, but the chart says it’s nearing a buy point.

0409-JCP

More Bonds Charts (by Springheel Jack)

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There have been three instances since the start of 2013 where on the SPX 15min chart there have been clear lower highs and lows, delivering a clear retracement or consolidation period. The previous two were both short, lasted less than two days before breaking up, and were in effect bull flags. The third retracement started yesterday. Here’s the setup on that chart. I have the obvious initial target for this move in the 1490-4 area, anything lower should deliver a decent retracement lasting considerably longer than the last two:

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Crazed Kamikaze Counterfeiters…….Evil Plan 105.0 (by BDI)

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Kamikaze2

Well, my fellow Slope-a-Dopes, your selfless Idiotic Savant servant, whom is securely chained to his desk, has spent a significant part of the long weekend, perusing nearly every finance blog on the world wide web for you.  Therefore, I can reliably report to the SOH, that the overwhelming consensus out there in the financial blogosphere, which has now reached a nearly universal feverish pitch, is boldly & proudly heralding that a most encouraging new economic dawn is finally upon us.  It seems, a pristine permanent plateau of prosperity has been patently perfected.
                                                                                                                                              

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