Nothing puts a spring in my step like bulls getting disappointed. Let’s just say I’m very light in the loafers this morning.
Adios, Rally
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.
Color Guard
Red equities and green metals. That’s all I really ask! And, at the start of Wednesday (which still feels like Tuesday, thanks to another stupid holiday), that’s what I’ve got. Here we see /YM slightly in the red, pre-open:
Lauren Green
Pick Your Friends
I’ve been describing this as a “stock picker’s market“. What do I mean by that? Well, here’s one of my portfolio’s at the end of Friday:
Today the /NQ closed up hundreds of points. The /ES and /RTY were both green. So was the /YM. It was a totally bullish day. And yet my 100% short portfolio made money. How?
Because my lovingly-chosen picks defied the market and fell harder than it rose. This also means that on the one or two days a year that the government allows the market to fall, my picks will absolutely scorch the earth.
So that’s what I mean.
Whoosh!
With the notable exception of getting a roundhouse kick in the nuts by AXON, I’m having a terrific morning, because the market has reversed hard just like I hoped/predicted.
