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.
Having lost about 70% of its value since it peaked, shoe-maker Nike (NKE) has enjoyed a bounce in recent weeks thanks to the cessation of the trade wars. I would like to emphasize that the massive top is still intact, with an important price gap at 64.16:
Out of the thirty equities in my Bear Pen, fourteen of them are not in position for one reason or another. They are still worth watching closely, and I’m zoomed in on what I consider to be the most relevant recent portions of each chart. I’ve also watermarked each one with its ticker.
I ended the trading week with twenty bearish positions and an overall commitment level of 98%. Here are half of the positions, zoomed in on what I believe are the most germane parts:
