A reminder that NVDA is reporting after the close today. It looks vulnerable.

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.
As I mentioned, this morning the consensus among Slopers was that we were going to rage higher all day long, and 4100 was a foregone conclusion.

This was a totally and completely understandable speculation.
(more…)The market is whipping around like crazy this morning. I’m not sure why, but it matters to me less and less, because I’ve been deliberately reshaping my options portfolio to have increasingly distant expirations. I’ve got a mere 2 January expirations now, and my average DTE across 27 positions is 136 days (nearly 5 months), so I’m not letting the minute by minute oddities bug me.
In the meanwhile, I’d like to suggest that semiconductors are at a possible reversal point (this is SMH):

Just like 3-D printing was little more than a financial product for the investment banks to trot out, only to have it crash and burn, so, too, has all the gene editing companies that were supposed to be such a big deal. The sector’s a wreck, and here are the two market leaders to illustrate that point.
