As nice as it is to see a long (yes, long) position explode higher……..
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.
Pulsing Palladium
Before this Monday, I had never traded anything to do with palladium in my entire life. However, over the weekend I decided this laggard metal was worth a shot, so I started buying on Monday.
I am ashamed to say that yesterday morning, when PALL was slipping lower, I was briefly tempted to dump it and be done with it, but I looked at the charts more and decided not only was I not going to dump it, but I was going to push deep into margin and buy a lot more. Well, thank God for that…………it blasted higher yesterday, eased back all night long, and then went into blast-off mode again.
LFG, PA!
Cathie’s Revenge?
As much crap as I’ve given Cathie D. Wood over the years, I’ve got to say that her ARKK fund has really turned the corner. As you examine the ratio chart of ARKK to QQQ, you can see how ARKK has hammered out a very impressive base and looks like it could potentially execute a powerful breakout. This could represent as important a bullish event for Ms. Wood in contrast with the bearish top (pink zone) which presaged the relative wipeout of ARKK compared to tech stocks in general.
