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.

19 Stocks That Are Breaking Down (By Ryan Mallory)

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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
appears to be leaving them in a subtle manner. As I thumbed through
the different charts I noticed stocks trading at its peak and finally
showing some vulnerability, and on the other extreme I saw a few stocks
that had been in a channel near or at its lows, before finally
breaking down below those previous lows.

I don't know what it is lately, but many of the screens that I run
tend to have a lot of representation from the insurance industry. All of
them are primarily shorting-screens, with the exception of the screen
showing stocks trading at huge discounts (but in a way that just further
shows how hated this industry is to begin with, by how cheap they are
relative to their book value). Other industries popping up in clumps is
business services and health related stocks.

Here are 19 Stocks That Are Breaking Down.

Checkout Ryan's Blog on SharePlanner.com

Straight-Up Shorts and Stops

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This is about as non-graphical a post as possible, but here are some short sales I just executed along with their respective stop prices. Maybe you can find a gem or two in here.

AAPL……….265.95
ABD……….6.52
ACI……….28.39
AMZN……….129.16
ANF……….41.72
ATPG……….14.74
BBBY……….39.82
BP……….42.48
CAR……….12.90
CBG……….17.61
CBL……….14.78
CCL……….36.09
CHKP……….34.60
CI……….35.42
CNH……….33.46
CQB……….14.98
CVH……….22.13
CVX……….80.35
DRE……….12.75
EFX……….31.93
EMN……….64.12
EMR……….51.81
EQR……….48.11
EXPE……….24.48
F……….13.74
FDX……….87.55
FLS……….108.15
FOE……….12.72
FUL……….22.86
GFF……….15.14
GRA……….28.74
GRT……….7.22
HGSI……….28.25
HOG……….29.68
HP……….43.73
HTZ……….12.21
IOC……….71.62
JNJ……….60.76
L……….39.40
MA……….217.06
MTL……….24.91
NOV……….42.04
OMC……….39.49
PDE……….27.13
TGB……….4.37
TXT……….21.58

More Elliott Wave Thoughts (by Nathaniel Goodwin)

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Living alone the past week and a half has taught me that I am not much of a bachelor. I’ve
been told that I’m not the best person to be alone with, which is probably why I like having a roommate – mom, grandma or the colonel… whoever, I don’t like being alone by myself.

To curb my loneliness, I asked local street dweller Stun Gun Jones to move in for a bit. He agreed to stay until the Colonel gets back on the condition that I don’t cramp his lifestyle by making him use the bathroom and shower.

Last night I was showing him some charts with long term Elliott Wave counts, and he started that drunken laugh/cackling people hear from him all day on the street. He stated that the following EW count was just as possible as the count with EWI's P3 panning out, and warned me not to place big bets on very speculative EWT outlooks or be too firm with my beliefs on how things will play out long term.


SPXM
 
After hacking up some phlegm and Irish Rose, Stun Gun said that there are a few safer ways to use EWT, one way is to only try to catch 3rd waves. A third wave is the most powerful or “glorious” of all waves, and a third wave can be a 3 or C – both are third waves. Wait for an impulsive first wave to appear, it could be a 1 or an (A), wait for 2 or (B) to appear.  Enter the trade anywhere from 38-61% retracement of the first wave, set stops right below the first wave. Exit can be tricky, look for divergences or whatever to exit the 3rd wave (which is either a 3 or a C, who cares!)


PPO
 
I have to go empty Stun Gun’s pee-jar, another prerequisite of him moving in. One other thing he told me though was that lots of folks are looking for Aug 5th-6th as an important cycle or turn date, we are also very close to the 50% retracement area from the April 26th high to July 1st low. Seems like a good place for a bearish turnaround. His advice helped me out in early July, so I’ll be taking a close look the next couple of days.