The most closely-watched earnings this evening was that from Netflix, and so far the reception is very warm.
That’ll Egg Them On
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.
If You Insist……
Maybe Miners
Earlier on Wednesday, I was bemoaning my completely ham-handed screw-up of a super-clean trade, which was go to very long the GDXJ (junior miners). This trade had everything going for it, but I managed to mess it up anyway! But I’m going to get that sour taste out of my mouth – – as well as the sour taste of anything to do with gold disappointing me so many times – – and offer up the notion that maybe, just maybe, gold miners make sense now.
Let’s start off with the EUR/USD, which has the Euro grinding down to, incredibly, sub-par values! My view here is that we might be setting up for a bounce up to that trendline.
A Miner Error
Curses! Shame on me! Feh!
I saw a golden opportunity to buy GDXJ at a very safe price: $30 with a stop at $29.80 (yeah, that is one tight stop). I bought it, wimped out, took a tiny loss, and saw it soar. My goodness, I suck! The point is that, as disappointing as gold has been at every turn, this seems like an opportune “cheap” price for miners. But I blew it, and I don’t have the stomach to go in at a worse price now. Shame. On.. Me.
About 4000
I’m going to briefly set aside my griping about how incredibly annoying today’s market action is and put on my bullish cap for a moment. Let’s take a look at the /ES futures over the past month:
