Homebuilders Reverse
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.
Sink ‘Em!
Now that Covid is way back behind us, the cruise operators have enjoyed monster gains. My view is that Carnival (CCL) is done. I mean, good Lord, it’s even down today.
Jumper Cables
There are a couple of electric car makers which have had a huge jump in recent weeks: Rivian and Polestar. You can see how similar the two charts are below, and how both of them are reaching major resistance zones. I’ve always thought Rivians looked great, but Polestar is just about one of the ugliest things I’ve seen since the Aztec.
Biohazard (by LZ)
XBI is a small/mid cap fund with a relative equal-weighting of biotech stocks. IBB is a market-cap weighted fund skewed towards the large-caps. Simple thesis: if investors are bullish they should like biotech, all else equal. If they’re nervous, they will not like small, cash burning companies that face existential risk in an extended bear market or recession.
In late June 2022, I noticed $XBI had been outperforming QQQ. It also bottomed in May and didn’t follow with a new low in June. I took that as a sign the market decline into June was probably running out of steam.
Energy or Bust! (by LZ)
Energy is best at market tops and energy was the only big sector winner the past 18 months. That is all.
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