An oil derrick at dusk. Image via Laredo Petroleum.
(more…)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.
Meme Meme the Dancing Machine
Well, I thought the whole Gamestop/Meme/RagingKitty/WSB nonsense was a thing of the past, but it has persisted. The man-of-the-hour at the moment is movie theatre outfit AMC, which has gone up nearly 1,000% in the past six months. And why not? Revenue has gone up 1,000%, as have profits, as theatres are packed to the gills every single day of the week with excited movie goers. Or maybe not. But the chart tells the tale:
Nothing Could Be Finer Than a Symbol That is Miner in the Morning
Given the marvelous breakout in miners today, illustrated by the miners ETF below, I thought it would be a good time to re-visit some interesting individual issues which I believe are good long positions in the miners category.
Gold Gets Its Break
After doing nothing but disappointing people since August 6th, gold has finally accomplished what was a formidable challenge: it has pushed above both its horizontal line and its descending trendline:
Long Exceptions
Over just the past week, there have been some important cracks and breakdowns in certain corners of the equity market. Below, however, are some charts I consider to still be legitimately bullish:
