I realize it’s uncomfortable to considering shorting a stock with a P/E of merely 7, but I’m a chartist, not a balance sheet reader. Below is HBAN, which is sporting a top analogous to the giant tinted area.
Huntington Bancshares
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.
Goldman’s Tracks
I’m feeling like offering short ideas today, so I’ll just keep at it (with a reminder that I’ve got an eye on these toward well into 2024). Below is Goldman Sachs (GS) within the confines of a diamond pattern (in yellow) and also mashed up against an important resistance trendline.
Enphatically
I’ve got a short idea for you: Enphase Energy (symbol ENPH). What I would suggest is that, failing a push above the $101.86 price level, we’ve got a good opportunity for a major move down well into 2024.
Halted Homebuilders
There is a multi-year trendline which has taken the ascent of homebuilders and brought it to a screeching halt for two weeks now. Here is the XHB:
Nothing but Blue Skies
I am long March 15 2024 $45 puts on United Airlines (UAL) based on this broken trendline.
