I know, I know. I’m a coward. All the same, I took profits on XHB, NVDA, and ARM, and I lightened up a bit on a few others. First off, NVDA was getting awfully close to what I considered major support.
Frightening Tightening
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.
That Wasn’t So Terrible…….
Given the extraordinary strength of the market this morning, I was bracing myself for catastrophe, led in particular by the news that Vistra (VST), on which I was long put options, was the most “up” stock in the entire market thanks to the regulators giving them a multi-decade blessing to run nuclear power plants.
Financial Market Stress: Not Yet, But……….
So here is the thing. During a bull market or very bullish phase, indicators give the all-clear. Come on in, the water’s fine! Investors are always going to be complacent and market/economic signals at least stable (or quite positive) at market tops. It’s the way the markets work. Recall 2000 and 2007. As Steven King would say, “nope, nothin’ wrong here.”
This chart from MacroMicro illustrates the point. During a bull phase in the markets things are fine… fine… fine… and then suddenly, out of nowhere, NOT fine. So pictures like this tell us what we already know; the market is bullish and the waters are calm.
(more…)Protecting Your Portfolio
If Russia Retaliates Against the U.S. For The Sevastopol Attack
