I’m having a good day, in spite of the green you see on ES and NQ (eleven years of fake markets, and still going strong!). A couple of standout shorts for me today include Packaging Corporation of America , shown here. I’ve decided to cover it and take my profits, as it seems to be in a firm area of support, and the stock has never exhibited an ability to fall for prolonged periods.(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.
Sheesh, maybe I should just focus on long ideas.
Anyway, two days ago, I suggested in Mouse Breakout that Disney was a buy (which, let’s face it, is a hard word for me to even type). Victory! Those with a shorter-term horizon might want to take some off the table.
Oh, and let me wager a guess. Not a single person here had a losing trade, right? Yep, that’s what I thought. Anyway………(more…)
I had a terrific day thanks, ironically, to the King of the Wimps, Mr. Jerome “please don’t’ tweet something mean to me., Mr. President” Powell. The man (and I use the term loosely) completely and utterly caved in to his bullish masters (clearly the man is a “bottom“). The markets absolutely soared (see green below). But, as proof of a vengeful God above, the entire gain was destroyed and flipped red.(more…)
I guess the “Always Up On Friday” rule finally got broken. As you may know, every single Friday – every one, without exception – has been a gainer for the entirety of this year. And yes, I know, it’s only the start of the day. Still, I’ve got a feeling we might just see red. Over the span of just a few hours:
- The Chinese stock market crashed, making fools of the Chinese citizens who sheepishly followed their government’s demands to buy equities on credit;
- The fabled March 27th signing of a big juicy trade deal has apparently fallen to pieces;
- The jobs report came out which, even with the completely pulled-from-the-sky optimism that the BLS engages is, completely fell flat, about 90% below expectations.