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.
The Surviving Seven
There are times when the market is so amenable to bearish plays that I might accrue as many as thirty different positions. It can be a lot of work to manage that many positions at once, but when the opportunity arises, it is enjoyable to participate in a variety of sectors and setups.
However, in recent weeks, it has become hazardous almost to the point of foolhardiness to take a bearish position on anything. In my own case, I scaled back my positions dramatically to a mere seven, keeping most of my portfolio in cash instead. These “seven survivors” are described briefly below, along with the stop-loss level I am using to exit my long-put position should the given price be violated.
(more…)Alphabet Soup
I mentioned on my tastylive show yesterday (and here, too, I think) that GOOGL was looking ready to turn lower. It put in a nice fat bearish engulfing pattern Wednesday, and it is following through with more weakness today.
Will Staples Bend?
It looks like Consumer Staples (XLP) has reached peak strength on its sinewave. Will it start to weaken at this point? I’m thinking so.
A Second Chance with GM?
Did you want to short General Motors but thought it had fallen too far already? Maybe this is your second chance! I would submit to you that the overhead supply at present price levels makes this a LOT more appealing, thanks to today’s big price pop.
