FEEDI penned a recent post describing how the good people at Zillow had slashed the ostensible value of my lovely private residence from $8.4 million to $4.8 million (maybe they just like flipping digits?) Given the relatively smooth sailing of Zillow data, this was curious to me, until I stumbled upon an event that mightRead More 0 Comments [Read More...]
Flunky from A to Z
FEEDWhen I was in college, Friday nights were the highlight of the week, since we had a chance to see Flunky the Late Night viewer mail clown. Back in those days, there was no YouTube or other way to get video on demand; we were at the mercy of whether Flunky actually happened to showRead More 0 Comments [Read More...]
George
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The Death of Love?
FEEDThe symbol LOVE looks like it may have topped out: A longer-term view illustrations how the prior topping pattern worked out for the furniture maker. I dunno, I just can’t get excited about a four-figure bean bag. [Read More...]
Back Sliding
FEEDYou best believe: this thing is real. [Read More...]
Memories of Charts Past
FEEDSalutations again from the concrete-cloistered depths of the Stanford Shopping Center parking garage. I’m kind of touched that so many people have emailed me, wondering about these kooky habits. Don’t worry, the wife hasn’t thrown me out, and I’m not homeless. I’m simply killing two proverbial birds with a single stone, charging my car andRead More 0 Comments [Read More...]
What a Pain!
FEEDMy arm hurts. Who cares, right? (Actually, Slopers are a gentle-spirited lot, and the last time I mentioned this, I received a heartwarming amount of personal attention and counsel). I only mention this to offer up a small point that’s been bouncing around my tapioca-filled head. As I’ve stated in the past, my disposition towardRead More 0 Comments [Read More...]
8 Beautiful Gaps
FEEDThis post title sucks, but I’m giving in to the tired, hackneyed custom of starting a post with a number, since humans seem wired to click on such things. So…………welcome! Anyway, here are eight important ETFs whose price gaps have held beautifully. I like what I see here! [Read More...]
Commodities with a Zero Base
FEEDBelow is a chart of DBC, the commodity ETF, over its entire lifetime. I have taken the unusual step of making the range of the Y-axis extend to $0 to illustrate more plainly the prospect for lower prices as the third instance of overhead supply takes hold. [Read More...]
How to Use Labels
FEEDIf you prefer textual intercourse, it is here. [Read More...]
Jerome’s Comely Eye Sockets
FEEDI had the best day on Monday that I’ve had in a long, long time. Want to know my favorite part? It was the final hour of the day, when the Federal Reserve fell all over itself buying stocks (through its proxy, Blackrock) in order to give this farce another day. The NQ exploded 3%Read More 0 Comments [Read More...]
Lulunacy
FEEDI’m a lousy bum. There are at least a couple of ways you could interpret that. What I mean is that I don’t idle well. I always have to be doing something which I consider productive. Thus, since I have extra time on my hands this weekend, I was into organizing the garage a bit,Read More 0 Comments [Read More...]
ScarJo BarJo
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The Biggest Break
FEEDThe bigger they come, the harder they fall. Here we see Apple, which in merely weeks has blown $500 billion in shareholder value. More importantly, for the first time in 2020, they had a trendline failure. It isn’t looking good for Tim Apple, cleverly disguised below to no good effect. Of course, the “Stonks OnlyRead More 0 Comments [Read More...]
Crabby Abbey
FEEDOK, OK, the bass obsession is getting to be a bit much, I know. Still, this is what I’m listening to right now as I’m going through all my charts and updating my stops. I find it oddly soothing. [Read More...]
Eight is Enough
FEEDI’ve got 60 short positions right now. Below are the eight best winners from a percentage standpoint. As always, click on any chart to go into gallery mode. In typical Slope style, here’s a link to a story about the tragic life some of the stars shown below suffered after the show was cancelled. [Read More...]
Cracked Axle
FEEDThe company American Axle & Manufacturing (ticker symbol AXL) has been a long-time favorite of mine. It has one of the most amazing analog patterns I’ve ever seen, and it has crafted a steady series of lower lows and lower highs over a period of years. It’s down hard today, and I suspect the downtrendRead More 0 Comments [Read More...]
Wilshire Boulevard
FEEDAs we collectively wait for the King of Printing, Jerome Powell, to tell us they’re going to keep an eye on the data as it comes in (sorta like the boys in Gainesville, come to think of it…………) here are some broad, long-term indexes from the folks at Wilshire: [Read More...]
Tomorrow’s Retail
FEEDLooking toward tomorrow, we’ve got just about the only scheduled events of the entire month happening – – the Fed meeting/press conference and, earlier in the day, the release of the monthly retail sales report. The hyper-kinetic “V” of the shutdown is well behind us, so the market is anticipating a more drab, dull 1%Read More 0 Comments [Read More...]
Toro Boro
FEEDIn order to beat back the boredom invoked by this so-called “market” of ours, I have YouTube on quite regularly, playing music of one kind or another. I have noticed that lately I have been inundated with ads from eToro, featuring a getting-really-old Alec Baldwin touting the benefits of depositing money into a cryptocurrency tradingRead More 0 Comments [Read More...]