The Alcoa Analog (read about it here) was one of the cleanest trades I’ve suggested all year. It preceded a virtually uninterrupted plunge lower. I assumed that once it reached its long-term trendline, it would find support and gain strength. Nope – check out the chart below. The price fell well below the trendline, and, wouldn’t you know it, the trendline is now acting as resistance. It looks like Alcoa is going to remain quite ill.
Hey Fellow Slopers,
A quick apology for my being rusty at guest posting here at Chez Tim. It looks like my last post about the hedged portfolio method (“Does Hedged Investing Work?“) was missing an image of a sample hedged portfolio. I’ve included an image of one below. First though, a quick recap of what the hedged portfolio method is.
The Hedged Portfolio Method (more…)
It should be noted that my whiny post about how terrible options are was followed by this action in the option specifically cited.
I’m not particularly talented, but there’s one thing I can do better than anyone I’ve ever met: see patterns earlier, and better, than anyone else.
I offer you Exhibit A in the form of this post from January 27th, in which I introduced the “Ichthus” Jesus pattern, which exists nowhere else except in the tortured mind of TImothy Knight.
My big cash winner today is Canadian Solar (symbol CSIQ) which I’ve mentioned on Tastytrade and Slope a number of times, and which Slopers got an early heads-up on from friend-of-Slope and all-around good guy Ryan Mallory from Shareplanner in this post from May 26th. Thanks, Ryan!