Another surprising beneficiary of this madness: poor-quality pizza.
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.
I was thumbing through charts (what else would I do with my time?) when I noticed one had hit a recent lifetime high? How could this be? Well, a glance at the name told me everything I needed to know: freakin’ CLOROX. One of the few stocks that people gobbled up during this insanity.
Behold the biggest beneficiary of the Covid-19 pandemic: Zoom Communications (ZM). Note the volume in particular.
Recent market conditions have clearly tested the mettle of both traders and equities alike. Below are some charts which, through the 11,000 Dow point selloff, held up remarkably well, and perhaps represent some of the safest “bargain-priced” equities out there.(more…)
Well, the trendline supporting this entire iconic American company has broken.(more…)
Soooooooo………as I told my premium folks, I sold all my puts this morning, after the second halt, and I covered all my shorts too. You read that right. Tim the bear doesn’t have a single bearish position,. Not one.
I do, however, have longs. Not many,; just a few lovingly-chosen ones. They’re all well into the green already. Let’s see if it sticks. Maybe for once I nailed the timing, eh? Maybe. I’m feeling a tremendous bulge about it.
Well how about that! Although my “flip to bullish” was off by a few hours, I think you’ll be kind enough to allow that, considering the mayhem we’ve been living through. It really wasn’t a bad time at all to switch teams. In my personal trading account, I had sold off my final position, GDXJ puts, at a great profit, and I poured it all into GUSH (the triple bullish energy ETF). That seemed a little nuts at yesterday’s close, but it looks to be up about 40% or so pre-market, so……….nice! Here’s the limit-up ES: