Synchronous Technologies is one of my favorite longs right now.
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 1125 Level
I did a post a couple of weeks ago mentioning the risk of another 20 points more on the /ES. Here's the portion from that post:
Well, it seems that risk was very real; here's where we are at right now:
The line in the sand at 1125 is very important. If the market stabs through that zone between 1125 and 1150 – – well – – we've got some serious problems on our hands in bear-land!
Get Long and Stay Long (by Scalded Chimp)
(Editor's note: I certainly welcome viewpoints on Slope that differ from my own, and with so many guest contributors, we're certainly getting plenty of that; I just want to note my own disposition – and position – are bearish on silver; but it's always good to hear the other side – Tim)
With love (the kind you pay for),
Scalded Chimp
Russell Threatening Its Downtrend
Another rough day in bear-land (which is why the quantity of long positions I'm holding keeps ticking higher), particularly in the world of the small-caps. The Russell 2000 boomed 2.24% higher just today, crushing the likes of TWM. The Russell's strength is getting unnerving to me, because it is seriously threatening a host of resistance levels……..
Above you can see that:
(1) The Russell has recaptured effectively all of the loss experienced from January 19th to February 5th;
(2) It is right at the cusp of a downward trendline; even a somewhat higher day tomorrow would break this line;
(3) Most importantly of all, it is about to intrude upon the huge dome pattern that goes back for five years and is tinted in green (you can only see a small part of this pattern here).
Simply stated, I'm starting to get worried. The market's strength has been baffling, particularly in areas which – – one would assume – – would be suffering in an environment ravaged by joblessness. Like – oh – retail!
Patriot Coal Burning
Probably my favorite long position right now is Patriot Coal (PCX). A cautious stop would be 15.41; a bolder stop would be 13.86. (I'm doing the cautious version!)
