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.
Fighting Big Oil
I have three ETF positions: puts on XLU, IWM, and XOP. It’s that last one I wanted to cover here.
Below is the 60 day minute bar chart of XOP which, like everything else, ripped high recently. I wanted to take advantage of its proximity to that huge blob of overhead supply. My options are March 15th $140 puts.
Alcoa is Back
For those who wished they were short Alcoa (AA) but missed it, I’d say this is another golden opportunity. This is a very slow-moving critter, but the top is gargantuan. I’d say 31.32 as a stop-loss would make sense.
Albemore
One of the best bearish positions, even in this insane year, has been Albermarle (symbol ALB). It had fallen too far and too fast to be appealing anymore, but that may have changed in recent days as it has surged back toward its neckline. It’s worth a second look.
Barnes Ignoble
Note that Barnes (ticker symbol B) has almost perfectly closed its price gap. This might be an interesting shorting opportunity.
