I’ve mentioned the appeal of going short Brazil (by way of the EWZ option) many times this month. I’m pleased to see this thing finally reversed hard on Wednesday and added to those losses today.
Brazil Breaks!
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.
The Coast is Clear
It seems to me that Tesla (TSLA) has a very clear path to challenging its lifetime high, established three long years ago.
The reasons?
- Elon Musk is basically Co-President rigt now and has political muscle;
- The Fibonacci retracements have governed support/resistance on TSLA for years, and at this point there’s no Fib in the way anymore;
- There is a large well-formed bullish base (green tint)
Pain Diddy
Well, THIS one stings.
Back on October 7th, I made PDD my favorite choice for shorting Chinese stocks. I bought the January puts. I sold them on October 28th, patting myself on the back for good profits. Well, this sucker just kept falling, and it sealed up its price gap to the PENNY on Thursday. Simply stated, it fell a full $50 from my idea to Thursday, with barely a fight along the way. Argh!!
The Post That Just Saved Us Money On Nvidia
Hail to Thee, Novo!
This H&S pattern just keeps performing. I raise a glass to the demise of big pharma!
