Want to see a flat market? Look no farther than the real estate fund IYR. Every day since March 31 has been confined to a comically miniscule range. Only options sellers are doing well in this market.
Unreal
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.
Know the Statutes
Please be on notice that it is a violation of federal and (some) state laws for a sell-of to persist for more than 90 minutes.
What’s Next for Naz
Well, if you notice some of my eyebrows being singed, it’s because of Facebook (META). I came into the day long some August puts, and, thanks for the company’s blow-out report, I dumped them for a not-very-tasty 40% loss. Incredibly (and perhaps foolishly), I am steadfastly hanging on to my QQQ puts for the moment, which expire tomorrow. We shall see! As for the NQ in general, in recent days we seem to be hammering out a clear series of lower lows and lower highs. It’s kind of all up to AMZN at this point, which reports after today’s close.
Wet Matches
The big earnings news yesterday was the one-two punch from MSFT and GOOGL. Pre-market, MSFT is still up strong, but GOOGL has sort of petered out into a non-event. To be fair, the NQ is up triple digits (a little more than 1% as of this moment), but I’m not so sure these earnings, which are old news now, are going to change the intermediate trend on the /NQ
