One badly-battered market that might be an appealing short-term long position is biotech, by way of the symbol XBI:
Buy-o-tech?
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.
Same Old Same Old?
I was quite intrigued by see an article on ZeroHedge which basically stated that a level had been reached in the stock market which had a 100% success rate for the buy-the-dip crowd. Naturally, I wanted to dig deeper, which is what this post is about. Here, very simply, is the SPY with a 100 day exponential moving average. I have taken the liberty of circling the areas at which, over almost two full years, the prices tagged the moving average, and indeed ZH is right; it worked 100% of the time. (And, if I was king-sized-douchey, I would say “Full Stop“, but God knows I am nothing of the kind, so I shall not type that cursed and absurd word pair).
Buy a House?
Far be it from me to suggest a long idea, but I’ll mention that the homebuilding sector might be short-term oversold and present a quick trading opportunity on the long side. I present to you symbol IYR:
AMC Update
Just in case I have any clinically insane readers, I wanted to point out that AMC (which is a dog stock, albeit a meme one) has just about closed its price gap, so it might be a short-time “buy” – – again, for any nutcases out there.
Pee Pee Eye
Yesterday morning’s report, the CPI, came in rather hot, and equities went up. This morning’s report, the PPI, came in stone cold, and……..equities went up. Magic, eh? In any case, you can see here the projected PPI (gold bar) versus the actual data (blue bar). So it seems all the inflation chatter might calm down, since the government data reflects it is perhaps transitory, in spite of all the evidence before you every time you shop.
