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.

An Ideal Long

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Let me show you a chart that I own and that I really, really like. I've mentioned it before; it's Rackspace.

0928-rax

Why do I like this chart? Let me count the ways:

(1) The pattern is nice and big; the saucer spans nearly a year wide;

(2) The pattern is extremely well-defined. This has "saucer breakout" written all over it;

(3) The volume has generally been increasing, and on the breakout, the volume exploded higher.

As much of a permabear reputation as I have, I like to highlight the longs that I genuinely respect and appreciate. 

Hanging Man or Hanged Bear?

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It's the hottest day of the year here in the Silicon Valley, and I just rode my bike many miles after dropping my car off for some service. So I'm not in the mood for a long post (the cutesy drop-then-surge today doesn't add much inspiration either).

Every index ETF has a hanging man. I don't put huge amounts of faith in candlestick patterns, since they are principally about the relationship between a single day's opening and closing prices, and I don't think that single data point makes a whole hell of a lot of difference. All the same, it's worth noting:

0928-candle

I am just about counting the minutes until this wretched month is over. I have ten long positions, one of which is (as usual) a very large SPY position as a hedge. The mega-risk to the bears, as everyone on the planet knows, is a zoom to 125.

0928-fuckyou
The market is acting weirder every day. I, for one, will throw myself a little party when this month – and this quarter – are history. September's reputation as the month for the bears should permanently be executed.

22 Stocks That Are Breaking Down (By Ryan Mallory)

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There are some bearish divergences out there indicating that this market could reverse course and allow for us to see a pullback of sorts in the very near future. While I don't rule that out, I think the odds are we move higher, and I have positioned my portfolio accordingly. Below you will find  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. There are stocks trading at its peak and finally showing some vulnerability, while on the other extreme, there are stocks that have been in a channel near or at their lows, before finally breaking down below those lows.

One particular play that seemed to be of interest to me is Kimberly Clark Corp (KMB), which broke its upward trend line yesterday, and is seeing continued selling into today. Where I'd be interested in shorting this stock is if it can break through support at $63.75 and put in a lower-low as a result. 

Here are 22 Stocks That Are Breaking Down.

Checkout Ryan's Blog at SharePlanner.com