XME has pushed above 33.10; this looks pretty strong to me.
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.
Something Actually Truly Bullish
In spite of all my grumpiness, there are, here 'n' there, some charts that are honest-to-goodness nice-looking bullish charts. One I pointed out a week or so ago is STV, which looks like this now:
Ain't it purty? A nice, clean breakout, and no concentrated amount of overhead supply.
Go Long the QID?
The NASDAQ has had a sensational run, but we're right up against the underside of a long-term Fibonacci fan line.
One way to play this might be going long QID, which is the double-inverse. QID itself is right at the bottom of a pretty impressive supporting trendline.
Shorting Energy
I'm a bit fixated on the withering volume in OIH and what appears to be a very low-risk shorting point on USO. I have shorted a large OIH position at 91.54 today. Here's USO for a change of pace………
Our Man in Basra
Happy New Month, everyone. Let's hope this one is a little more chart-friendly!
I'll just start by saying ultra-bearish-on-bonds TBT continues to perform. I added to this position this morning.
I'd also remind prospective parents out there………..have a heart when naming your child, OK?
