Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Depicted on the following graphs are percentages gained/lost in Major Indices and Major Sectors over a longer term (1 year), a medium term (year-to-date), and a short term (the past week).
They are presented, simply, to illustrate where they are relative to those three timeframes.
My only comments are as follows:
- Major Indices: Utilities, Small Caps and Transports continue to underperform, and I’d monitor Small Caps, in particular, as I outlined in yesterday’s article, for further signs of weakness and an indicator of further equity risk-off activity.
- Major Sectors: Energy, Consumer Staples, Health Care and Utilities continue to underperform, but I’d keep an eye on Financials for any evidence of further weakening, as I recently described here.
A story making the rounds quite a bit on Tuesday was about the young man who torched his $4 million trading account by betting it all on XIV which, as we all know, got completely destroyed in a manner that most would have never fathomed possible. ZeroHedge featured this story for many hours as its header post.
I like sleuthing around, so I decided to dig deeper into this anonymous fellow who lost all this money. After some digging, I figured out his name was Gregory, he lives in Singapore, and he’s one of those gunslingers that hangs out on Reddit’s “Wall Street Bets” forum. In case there’s any doubt about the youthful male nature of such a place, the animated graphic at the top of the forum leaves nothing to the imagination: (more…)
Nothing worth talking about news-wise until next Friday, when the monthly jobs reports hits. Otherwise….relax!
The Dark Index (DIX) is a simple metric that tells us whether investors are using dark pools to buy or sell shares of S&P 500 component stocks. When it’s high, investors are buying. When it’s low, they’re selling.
I last wrote about the five FAANG Tech stocks at the end of June.
Since then, we’ve seen rotation in and out of these stocks, as depicted on the following four percentage gained/lost graphs of varying lengths of time…namely, Year-to-date, 2017 Q3, the month of September, and the past week, respectively.
I have been running an experiment with myself over the past couple of months. I really didn’t plan for this experiment. I just sort of fell into it. Now that it’s running, though, I’m quite interested to see what comes of my personal test.
The first result of this test is as follows: in the first quarter of 2017, in my regular portfolio, I lost ground. That isn’t a huge shock, since that portfolio is entirely short, is often 200% margined (or even more), and Q1 2017 had all kinds of lifetime highs on just about every major index. I had some great trades here and there, but the simple fact of the matter is that if you spent an entire quarter going short, and the market hits record highs, you are not going to make money.
Since Slope Plus factors into this post, I’ll mention this one last time .……..a coupon to Slope Plus for those of you considering it. I am offering a free month for you to try the service by clicking on this link. When you do, type in the coupon code winter2017 and it will give you the first month for free.
Note that this coupon is only going to be working for a few days, so don’t lollygag. Also please note this discount works for ANNUAL subscriptions as well, so you’ll save the most by going for an annual, since you get two months free already.
Besides all the normal extras you get as a Slope Plus subscriber, you’ll also be getting the very best ideas I’ve got (many of which have been doing really well, even in this market, as you’ll see once you have access). I hope you’ll give it a try. On with the regular post now…………
I have, over the long lifespan of Slope, mentioned some emotional scars from childhood during that period of time when it seems virtually everyone in my generation had a complete suck time: middle school. It seems that a few random verbal assaults of “fag” or “dick” can persist for decades.