Over the past eighteen months, the market has been absolutely flooded with money. In 2018, U.S. companies poured well over $1.1 trillion into buying back their own stock. In 2019, they’re doing the same thing, but at an even faster pace. Central bankers around the world have managed, intervened, and blasted a firehose of cash any time the market dared descend a tenth of a percent. And a hapless public has, of course, been gobbling up everything from Pinterest to Beyond Meat.
(more…)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.
Pair of Candles
As a follow-up to yesterday’s Shooting Stars Galore post, the market augmented this situation today by producing some bearish engulfing patterns to swapped up yesterday’s candle body. Nice!
And Again
For the seventh day in a row, looks like another winner coming for the bulls. Just about the only equity out there with any weakness seems to be the fabled Beyond Meat, which I wrote about last night. It’s down 20% from its peak yesterday.
Back to the Trendline
Hovering Sombrero
Good morning, everyone, and welcome to a new week. There are fifteen trading days left this quarter.
I got a knot in my stomach on Friday evening when the big news came out about some kind of breakthrough deal with Mexico. It was on my mind all weekend, and I was wondering if we’d gap up 70 points on the ES. We did indeed gap up, and powerfully, but we’ve been in “digestion” mode since then.
The V-Bottom
Slopers – – it’s probably going to be a lot more quiet than normal in the comments section, since the most fanatic Slopers are drinking heavily at the Las Vegas SlopeFest all weekend. However, there’s going to be a cascade of cool new feature announcements over the weekend, so be sure to swing by from time to time! In the meanwhile, here’s Slim: