Even though equity markets are making new lifetime highs every single day of the week, there are pockets of weakness that are working out after all. I wanted to offer three Slope ideas that have been getting nicely torched lately. First up is CBL & Associates, mentioned in the Eight New Shorts post from just a couple of weeks ago (this was a PLUS post).
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.
CBL Bombs
Two-Fer
A couple of recent Slope ideas produced rapid results.
The first was Myriad Reasons to Short, which was about MYGN. Here’s what happened (the arrow marks the publication point). It lost about one-fifth of its value this morning.
Severe Printer Jam
I’ve ranted about how stupid the 3-d printing “revolution” was for years, such as this article from 2014 when DDD, the king of them all, was nearly triple digits. It’s been crumbling ever since, having dropped about 40% at one point today, now in the single digits. Firm support at $0.00.
Bearing with the Bounce
By far my favorite options position is consumer staples, symbol XLP. Yesterday, as I mentioned on my show, I took profits on 30% of the position, because I felt it was about time for it to retrace back to its neckline. Sure enough, that’s what it’s doing, and I’m glad to be a little lighter. I want to be clear, however, I intend to get back in full-force……..maybe even bigger than before………once we get back to that zone of resistance. This is a honey of a pattern.
