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.
I like using the 13 weekly EMA as a bull/bear line, and Noble broke that line and also has weakening relative strength. A head and shoulder is also forming on the daily. My trade plan is as follows; I am in with a 36/40 call credit spread for $.40, I am out if NE breaks $35. If/when the neckline breaks I will place a $30/25 Feb debit put spread, close at the measured move.
This chart is self explanatory, well maybe a bit will be helpful. Every time net free credit was this low with SPY stretched to the 200 EMA, pressure was released through a correction through the 200 EMA, which is 113.50. Buyer beware.
My best cash profit today is from – – hold your breath! – – a short position. Assured Guanty Ltd was a stock that plunged into the bowels of hell during the glorious days of early 2009, and now – having "recovered" by 700% – it has broken a major trendline.