Do us both a quick favor and pull up my Boiling It Down post from just days ago. Got it? OK, good. Now please look at this chart:
Not Again……..
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’m On To You, XLU!
I am rather obsessively watching XLU, because it is by far my biggest position, and the one in which I have the most faith. The dirty little trick this ETF is playing these days is that, each morning, pretty much without fail, it goes zipping higher and freaking me out. Then, just as reliably, it burns off all those gains.
Killer Earnings Rendered Moot
If you took a look at /wallstreetbets on Wednesday evening, every single post was flexing and posturing about the NVDA earnings and mocking the bears endlessly. Let’s just say they all look like idiots now.
Count to Three……..
It seems that Nvidia has replaced Amazon, Apple, and Google as The Most Important Earnings Report in the World. Strangely, the company has for some reason elected to have its earnings announcement weeks after everyone else has already left the stage. The big event is, of course, Wednesday after the close.
Hazardous Weekend
Most trading bromides are useless and annoying (the all-time champ: “Trade the chart in front of you”) but one I think is actually worth remembering is “Trees do not grow to the sky.” That is a reference to stocks going up, but there should be some converse for stocks going down, like “Roots do not go to the Earth’s molten core.” Nah, that’s not quite it.
Anyway, this has been a fun week, no doubt about that for one moment:
