It’s pretty clear that a “hot idea” is over when one starts getting spam mail about it, as I have been:
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.
Systemic Risk Lurking in the U.S. Housing Market?
The U.S. Homebuilders ETF (XHB) is in bear market territory…down 24.68% from its peak on January 24 of this year.
On a year-to-date percentages gained/lost basis, it has drastically underperformed the 9 U.S. Major Sectors, as shown on the graph below.
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| Year-to-date % Gained/Lost graph of 9 U.S. Major Sectors + Homebuilders |
Short the Hotels
Good for Your Health AND Your Portfolio
Hey Gang! I’ll work out some kind of a standard format for my posts soon, but I would always like to present a trade together with a plan for the stop, profit, and target.
I don’t have a ton of time so here’s the trade. Healthcare is the 2nd strongest sector determined by its bullish percent index rank (currently at 84% P&F buy signals). It’s a simple, but effective way to rank sector strength. The only stronger sector is utilities at 89% P&F buy signals. If you’re not familiar with Point & Figure charting, it’s basically a way of taking time out of the chart and displaying only the price moves. Being on a P&F buy signal means that the chart is making higher highs and higher lows.
I looked at the top 10 holdings for XLV and JNJ stood out for me as being in strong condition and a stone’s throw from its highs. It is clearly making higher highs and higher lows within an established channel and has broken a short-term downtrend line. Details are on the chart, but this trade risks approximately .50c to make $6. (more…)
Pot Pop
On University Avenue, in downtown Palo Alto, a store opened up about a year ago called David’s Tea. As much as I like tea (particularly a chai latte), I’ve never walked into the place. It looks like a makeup store to me.
In any case, I had no idea they were public, but apparently they are with the ticker DTEA. Here is their chart’s recent history. As you can see, something rather unusual happened recently.
