After sifting through all my charts, I decided to sell short these three equities to add to my portfolio.
Added These Three
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.
Leaping Lemurs!
Among her many other talents, my beloved daughter is a superb photographer. Here are some pictures she took over the weekend of the lemurs roaming around the Duke Forest:
Peak Stupid
Semiconductors again, people. Every day! You want to buy this stuff? Go right ahead! But this is a sick fever, and it’s going to end. Maybe today. Maybe tomorrow. But when the music stops, there’s going to be a rush for the exits.
Cold Comfort Tim
There seem to be some consistent realities in the market recently:
- If there’s good news (even made-up) about Iran, the market blasts higher;
- If there’s bad news about Iran, the market slips a tiny bit initially and then recovers all the same;
- Semiconductors lurch higher every day;
- I remain 100% short, no matter what slings and arrows are hurled at me;
- My portfolio creeps higher
That last bit is both strange and encouraging. I well recognize all other Slopers have given up (under the guise of “ya gotta play both sides”, but they’re only on the bull side), but not me.
I’m not playing along, and the freakish ability of my portfolio to get a little stronger each day is both heartening and weird. Want to buy Micron? I won’t get in your way.
(more…)SPX Target Registered
Excerpted from the May 10th edition of Notes From the Rabbit Hole
While I am a gold bug, I am not a narrowly focused bug. In the markets I want to increase capital, where ever that can be achieved. The last several months of portfolio diversification have provided a solid increase. But it is time now to rebalance and tighten the focus. That is illustrated in much more detail in the segments that followed this one, in NFTRH 914.
SPX Target Registered
I seriously had no clue that SPX was even close to target, let alone realized it had hit the 7400 measured target yesterday, until I took a look yesterday afternoon. Though upside targets are seldom stop signs (at least mine aren’t, they are objectives laid out well ahead of time), it does give me a bit of pause.
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