On January 10th of this year, I posted one of the more reliable buy/sell indicators that I follow. I would highly encourage those interested to revisit the notes from that post which can be viewed here. As luck (of lack thereof) would have it, the Jan 10th sell signal that was given the day of that post was only one of two out of the 14 sell signals since the bull market began back in March 2009 that did not pan out (not including the two current sell signals that just triggered which mark the 15th & 16th sell signals since the bull market began). (more…)
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.
TSLA – Is The Good News Done for Now?
In a few short months, Tesla has gone from being a company not that many people knew was even public to a company that is being escorted into the esteemed ranks of the NASDAQ 100. Now you good people know how much I love both the car and the company, but don’t you think that, for now, all the great news about Tesla is kind of out there? Let’s face it, the company still has a negative p/e, yet it is sporting a $15 billion market cap and, when you get right down to it, is an expensive maker of bespoke luxury vehicles that are selling at a rate measured in thousands, not millions. (more…)
Bernanke Bear Retraced
If you think way, way back to a few weeks ago, you will recall that once the “taper cat” was let out of the bag, the market fell hard, and it fell quickly. Markets tend to fall much faster than they rise, so all the excitement was really over in just a couple of days, and its taken the past couple of weeks (with the bulls laughing and taunting with every uptick) to retrace the drop. (more…)
When It’s Cheaper To Hedge Junk Bonds Than Treasuries
Down Elevator For Bonds?
In a post on Tuesday (“Bonds are Prone to Much Lower Prices”), Tim predicted that the iShares Barclays 20+ Year Treasury Bond ETF (TLT) could fall to around $100 per share by the end of June. On Twitter on Friday, investor and newsletter publisher Bob Brinker offered a similar warning regarding the junk bond ETFs SPDR Barclays High Yield Bond Fund (JNK) and iShares iBoxx $ High Yield Corporate Bond Fund (HYG), both of which closed Friday near their lows for the day: (more…)
The Only Reliable Indicator
Forget AAII, Investors Intelligence, and all that other contrarian sentiment clap-trap. The comment stream on Slope is pretty much all one needs to identify, virtually to the tick, key turning points. Witness this morning: (more…)
