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.

103 Short Setups with Stop-Losses (by Ryan)

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Here's my Short-Watch-List for this week. Like a few weeks ago, the
number of stocks that I am closely watching has absolutely blown-up. I originally made this three posts, but figured it would be much more convenient for Slopers to combine them all in one post. There are a
bunch of new names to the list below and it is worth taking the time
to look over the stocks to see if any of them meet your requirements for
a trade. I've also included the current price based on when I created
the chart (yesterday) only so that you could compare how tight/relaxed the
stop-loss is.

Here are the three categories for inclusion on my list…

1) Price and volume pattern is intriguing

2) Stock has been heavily sold-off in the recent days or weeks, but
still remains on the list for a possible short off of a weak rally,
and

3) Stock is one of intrigue to me, such as Goldman Sachs (GS), so I
keep it around in the case that there is a setup that is too good to
pass up.

Most of them though fall under condition one. I've also gone ahead
and highlighted those stocks that are new to the list. The stop-losses
for ALL of the stocks have been updated.

Those stocks highlighted in yellow represent new additions to the watch-list since the last watch-list posting.

 

Checkout Ryan's Blog at SharePlanner.com

Current Positioning

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As I'm typing this, the Fed news ("Hey, banks! The money's still free! Come and get it!") is less than an hour away. I've trimmed way back on my positions, and I've gone from all-short to a more even short/long balance. Currently I have:

+ 103 short positions, all of them small (fewer than half of what I started the day with);

+ 4 large long positions (OIH, RTH, FXE, and – Lord forgive me – BP);

+ Stops updated across the board, with a 79.2% portfolio commitment (down from 140%)

I'm going to simply go through my watch lists now as I await the announcement and its spasms.

The Ugly Truth

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What's going on right now seems pretty clear.

Information which is utter nonsense (rosy forecasts from the government, permabull rantings on CNBC, China-will-save-us-all insanity, etc.) has worn really thin. It worked from March 2009 to April 2010. It's not working anymore. The fuel for fools is gone.

Factual information – – even from a source as untrustworthy as our government – – is showing that the economy still stinks. The facts are going to save the bears. Speaking of which, new home sales were dramatically below even the most pessimistic estimates:

0623-sales