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.
Why I’m Shorting Here
I'll start by saying I entered the day with five 3x and 2x shorts: ERY, EDZ, FXP, TWM, and SRS. I sold all of them either shortly before the opening bell (when the ES was down about 13) or shortly after the open. I also reduced my SPY short from 21,000 to 9,000. I am glad I did all the above, for obvious reasons.I didn't think last night's dip would hold.
I still remain purely short the market, and I've been beefing up my positions as the day has progressed. I've been stopped out of a small handful of positions. Anyway, the /ES graph below nicely illustrates why I'm shorting at these levels. This is a minute-bar graph, and as I'm doing this post, the /ES is up 10.
36 Stocks That Are Breaking Down (By Ryan Mallory)
What we have below is a handful of stocks that are showing signs of,
or already in the process of breaking down as the smart money seems to
be leaving them in a very subtle manner. In order for these setups to
work, you are going to need some cooperation from the general market,
which we have gotten of late. Whether the dip buyers jump in or not is
any one's guess. Most of the stocks below were showing bearish
divergences from the general market long before last week's meltdown.
Another interesting note to make, is that you'll see the incredible
breadth of industry representation in the list below, indicating that
the previous week's market sell-off isn't focusing on a handful of
industries – instead the weakness is broad-based, and could be an
indication of further bearishness to come. Also this screen has expanded
from 19 to 36 stocks with much tighter screening parameters.
Originally Posted on Ryan's Blog at SharePlanner.com
ProphetCharts JumboTron
I found a way to set up my 60" hotel monitor as a chart screen. This is how I have a good time in Las Vegas. Note laptop for relative size.
Short Ideas – Set 1 of 3
