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.

How Tim Saved the Day

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I'd like to tell you about my trading day. It was a profitable day – – not wildly so, but profitable nonetheless – – but I think I learned at least one good lesson today that is worth sharing.

As a preface to this little tale, I'd like to provide a few quick reminders:

1. I greatly prefer the short side of the market. This is a curse and a tragedy, but it's how I tick. For whatever reason, I am put together in such a way that I'd rather be short a given security than long. I think I'm old enough to recognize that this is just who I am, and thus, Slope tends to have a very bearish bias.


Chart to Watch – WFM (by TraderHR)

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Whole Foods Market, Inc. (WFM), which has been in a sideways trading range between 54 and 67 since early this year, jumped 2.32, or 3.6%, Wednesday to close at 66.85. That's just slightly below key $67 resistance and a multi-year high. We could see a breakout above that area if the market continues with its recovery.

If a breakout occurs, the next move could take the stock between the 69.50 and 71.50 areas. Preferred entry price is 67.55 with a stop at 64.80.

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