Even with earnings season largely behind us, there are still a smattering of companies worth watching. This evening’s will be Crowdstrike (CRWD) which broke its long-term uptrend weeks ago and is quite plainly in a downtrend.
Crowdstrike After Hours
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.
Index Look-See
Quite a week so far, eh? Let’s catch up with a few major indexes.
The NASDAQ Composite is still hammering out what I pray to God will be a top for the ages. We’re getting there, but we are NOT there yet!
Wagging the Dog
As with yesterday morning, I have been busy taking profits and reducing risk. Broadly speaking:
- Made exceptional profits overnight on EWY (South Korea) short;
- Trimmed DIA April puts yet again (70% fewer than I started Monday morning);
- Made solid profits on QQQ as well;
- Loosened RIVN stop to 14.45 and actually added to that long position
- Trimmed exposure across three portfolios from 100/80/150 down to 100/70/91 (the “100” is my fully-committed options portfolio).
I am extremely satisfied with today, and we’re only 100 minutes into it. I feel I’ve earned some time with my second-favorite activity.
Insightful Analysis
If you can tear yourself away from listening to Trump talk about the curtain’s he’s picked out (I’m serious) you might want to listen to this intelligent and insightful analysis from someone who knows what’s he’s talking about geopolitically.
The Frog of War
We greet a brand-new day of General Bonespur’s Epstein Fury, and I am delighted to see a sea of red quotes.
Most indexes have cut below the panic lows of Sunday/Monday, and in spite of the market’s absolutely BIZARRE rally yesterday to levels that were seen before the war even started, all our bullish friends have had their clocks cleaned. Couldn’t happen to a nicer bunch.
