If I may pat myself on the back, my identification of the trendline touch for KBE was spot-on. Score 1 point for the pure bearish spirit, and negative 1 for the hideous ogre Abby Joseph Cohen, the Medusa of the modern age.
Busted Banks
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.
Excellent Options
I’m getting more and more into options trading these days. As much as I’d like to sing the praises of the fancy-pants complex options strategies, I must say, the plain old directional buy-these-single-positions muscle-headed way of doing things is yielded far greater results than the picking up nickels and dimes from neutral strategies.
MMM, MMM, Good
One standout short this morning is MMM, which reported earnings before the open. I’m hanging on to this one. Plenty of more room to go!
Higher High
The very first chart I did this weekend, out of the 61 charts I showed in the videos, was the VIX. I made the point that what we’d want to see is a cessation of the “lower highs” that had been plaguing the volatility index for so long. Well, we got it.
New War, Day Two
Well, now that the Middle East has gone completely haywire, there’s more excitement in market-land on this Sunday night. We’ve got an ES which is crapping all over itself, humiliating the thought-they-were-genius bulls who gobbled up stocks at the first day of the New Year. These are the same people who consider Abby Joseph Cohen to be both intelligent and appealing.
