Of all companies, I never expected to say anything nice about IBM, but I’ve got to say, this chart is looking remarkably strong…….
Green Big Blue
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 Purest Green
Well, poo. Last month I was really loving this stock market, and now it’s being a royal pain in the ass again. This morning, it looked like we’d be ready to have a rocking day, what with the Microsoft news and the Fed heads talking down the idea of a September pause. But then, apropos of nothing, we have gone vomiting higher, and everywhere you look assets are screaming green once more.
The Bullish Playbook
One of our fellow Slopers, Big Red, left the following question in the comments stream. I’ve boldfaced a few particularly salient portions:
(more…)Thanks for the chats, @TimKnight! It is always soothing to see and hear what other bear(s) are going through…and don’t worry, I won’t leave as a subscriber if I lose money (40% last week alone) as I believe you are one of the most enlightened voices on the Markets anywhere. My losses are my own. I knew when to get out and I ignored my own signals. I am in training for the next time and am *visualizing* getting out (my biggest problem)! 😛
That said, I feel more comfortable on the bear side (making 2M and losing it in 2008 because, once again, I didn’t know when to get out). 🙂
What do you do (not now, because I agree with you the markets still have more to go downwards) when the markets finally turn and things start to look bullish (the “green shoots” haunt me to this day as I would still have that 2M if I had paid attention). It might be an interesting post – speculating on the bear side vs. the bull side. I have my own thoughts but I’d love to hear from someone who is better than I!
Do you have a bullish playbook? I am working on mine – which has to be different than the bear side! I have a completely different lineup of stocks and strategies for the bull side (which I am continuously preparing for).
The Opposition
As much fun as I’ve been having in 2022, I’m reluctant to dare mention bullish prospects, but I’ll choke back the tears and offer the possibility that the market – – – for reasons I cannot possibly fathom – – – be in a position for a hearty counter-trend rally. I will be clear that there isn’t a doubt in my mind this is an honest-to-God, multi-year bear market, but bounces come with the territory, so we have to bear with them, as it were.
What has me the most worried are the Fibonacci retracements. I see them on IWM, SPY, and QQQ, and we’ll use that third one as an example for our purposes. Simply stated, we have been hammering out support in recent days and are poised for a rally approaching 10%.
Some Respect for Longevity
“Have we capitulated yet?”
“Stocks are oversold. Surely it’s time to buy!”
“I’m seeing bargain-prices for high-quality stocks everywhere.”
Uh-huh. Just keep the chart below in mind, which was kindly sent to me by a fellow reader.
