Tim Knight

Mouse Breakout

FEEDDisney (symbol DIS) looks ready to break out of a quite well-formed triangle pattern. As spectacular as this stock has been, its P/E is incredibly low for this insane market (only 15). Of course, it wouldn’t be Slope if I didn’t desecra…

Heavy Metal

FEEDI mentioned in the prior post having 50 short positions, all of them individual stocks. I have increased that to 62 short positions, one of which is my only ETF short: XME, the metals and mining ETF. Stripped of both drawn objects and even the pric…

Famine to Feast

FEEDI’ve got to say, I’m getting awfully tired of this crap. Anyway, since the market is getting boosted on a daily basis by the goddamned Trade Talk Optimism, the only chance for a two-way market and a little volatility is the earnings sea…

Pendulum

Allow me to start off what is intended as an economic musing by referring to a favorite comic of mine, Patton Oswalt. He has a fairly new bit in which he explains the Trump phenomenon as a totally understandable response to the Obama presidency. Th…

Endless Optimism

FEEDThe lift from the jobs report persists. Let’s look at a few key indexes. The Dow Composite (also known as the Dow 65) has pushed above its “left shoulder” horizontal. To understand the significance of this, let’s go to&#8230…

Knee-Jerk

The monthly jobs report came out, and the jobs added number was stronger than expected. The initial reaction to these things is not always indicative of where we close for the day, but it’s always interesting to see the immediate reaction (an…

The Keystone Stops

After the excitement of yesterday (if you want to call it that), it pays to reflect on where things stand with a couple of the major ETFs representing Dow stocks. Try though it might, the DIA actually failed to overcome its resistance line. I&#8217…