Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Viewing Some Important ETFs

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As I mentioned on my Twitter feed, some folks are going to get a little confused (and misled) by the NQ since there’s all this chatter about Netflix’s plunge and yet the NQ is bright green (at least as of this writing). What they’re missing is that, in the few minutes between the close of the regular session and the close of the GLOBEX, the NQ went plunge-a-roony. When the new “day” began, everything is zeroed out, of course, and so the gain they see on the NQ is merely a fractional recapture of the loss it had earlier (tinted below in yellow).

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It Wasn’t Supposed to Be Like This

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It is understandable why people would be long Netflix going into earnings. (You can press Ctrl-E in SlopeCharts to see all historical earnings events). After all, NFLX reliably vaults higher every time they announce.┬áThis trend continued until……….it didn’t. As I said earlier, give me this same result with Amazon in 10 days, and this goose is cooked.

Triple Long View

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Good morning, Slopers, and welcome to a new week. The earnings season is finally going to start ramping up, and of course there’s that Putin/Trump meeting happening, so it should be an interesting few days.

There aren’t exactly a lot of fireworks this morning, so let’s take a step back and look at a few basics. First, the bonds below remain completely intact for what I am hoping is a sea-change in the world of bonds and rates. The uptrend, having been broken, was challenging with a multi-week rally, but this mercifully seems to have been repelled where I’ve put the arrow. My only two options positions are substantial stakes in XLU and XLF January 2019 puts, and obviously the XLU is quite dependent on a strengthening interest rate market. My opinion is that we’ll see bond prices tumble away from this resistance point.

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