Amazon Hits An All Time High
Despite its climb from the March low, the S&P 500 was still down 11.03% year-to-date on Friday, while Amazon (AMZN), which hit an all-time high last week, was up 28.53%.
(more…)Locking In Amazon Gains
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.
Upgrade for Trade Machine
Since we are heading into the thick of earnings season, I think this is quite germane: I have been delighted at how many Slopers have subscribed to the Trade Machine Pro product. I got word from my friend Ophir, its founder, that they did a big upgrade, so I wanted to share this: there are three substantial upgrades to Trade Machine.
1. We have a new model built specially for bear markets, “Buy the Sell-off,” and it is remarkably powerful. Here’s a quick look:
Hot and Cold
I found this kind of fascinating. Here is the SPY shown with its 30-day IV rank. This relative rank of volatility went roaring higher late in February, and it kept banging up around the 100 level for the first half of March. Naturally, since then, it has plunged back down to nearly 0, since Powell is Large and In Charge.
An Airbag For Tesla Longs
Kids Today
Back when I was a lad, I subscribed to Investors Business Daily (umm, that didn’t last). There was a full page ad that appeared just about every day for something called The Better Software People, and it basically showed how, using their software, you could have turned $10,000 into $43 million, or something like that.
I don’t think I ever subscribed to their product, but the ad had the same effect on me as I suspect it had on a lot of other people, which was to put stars in our eyes about how easy it would be to just print money by participating in the equity and index options market (and this was back in 1985, so you can imagine how horrible the options markets were, to say nothing of the bid/ask spreads, which were probably wider than Kim Kardashian’s backside).
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