In spite of the /NQ’s triple-digit counter-trend bounce (although it’s red….barely!) there are gaps all over the place. Here are a few tasty morsels:
Fantasy Island
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.
MSFT on Epstein Island
Now, Now, Now!
A couple of months ago, the entire software-as-a-service (SAAS) space got blown to smithereens. Subsequently to that wipeout, it has put on a tremendous comeback, yielding very large percentage returns (since it was crawling out of such depths). I’ve taken advantage of this strength by shorting the two items below, which are quite close to major price gaps.
Bury Bonds
I mentioned on my show yesterday that I had scaled back on my TLT puts, wanting to scale back in at better prices. I also sold my entire TBT position at a nice profit. Well, good call on both of those choices, as bonds are rallying today. I am waiting for this gap close, at which time I will COMPLETELY PIG OUT on bond shorts.
An Easy Stop for SMH
Nice to see a solid red screen for a change. I figured yesterday would be the high-water mark for U.S./China feel-good relations. Give it a week. They’ll be slamming each other again.
Anyhoo, I shorted a bunch of high-fliers yesterday, and I augmented it today with SMH, which has a clear gap. My stop-loss price? Simple: Five Six Seven point Eight.
