On this quiet holiday weekend, I’m just going to share charts which have these characteristics: (1) I am not in position on any of them; (2) they look like attractive short set-ups; (3) they are all in the same sector; in this case: energy. Here you go:
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.
Saturday Sector: Finance/Real Estate
On this quiet holiday weekend, I’m just going to share charts which have these characteristics: (1) I am not in position on any of them; (2) they look like attractive short set-ups; (3) they are all in the same sector; in this case: finance and real estate. Here you go:
Bank of New York:
Model 3 Come-Down
Some of you may recall that Tesla Motors had a tremendous run-up in price in anticipation of the announcement of their Model 3 last April. I reported on the event, and the Model 3 (one of which I’ve got on order for myself) looks absolutely sensational.
The stock, however, has exhibited a pretty stunning example of “buy the rumor, sell the news”, as it has lost 25% of its value since the “Model 3 peak”. The stock is still very, very richly valued. Again, I think Tesla’s products are fantastic, but the equity on the company is uber high (so to speak).
Semiconductor Sector, Updated
We have been using the Semis as a one of several economic signposts, and as an investment/trading destination since the Semi Equipment ‘bookings’ category in the Book-to-Bill ratio began to ramp up several months ago. But those who say that Semiconductors are subject to pricing pressures are correct. It is a segment in which people need to be discrete with their investments. NFTRH 410 updated some details about this market leader.
Semiconductor Sector
Broker/Dealer Gap
It’s more than a little puzzling to me that interest rates are dropping, but financials are strengthening – – – of course, in this market, it seems everything is required to go up, logic be damned, so who am I to argue? In any case, the horizontal I’ve highlighted below is Custer’s Land Stand for the important broker/dealer index.
