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.
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1. NYSE:VLO Valero Energy Corporation
VLO is nice value stock with attractive value related factors relative to its peers within the oil and gas sector. The stock had a vicious rally since its bottom in October and it passed its 200 SMA. Hopefully the 200 SMA turns from a strong resistance to a strong support.
NOTE FROM TIM: I'll be doing a video post later today….because…….what a day it was! I extend my thanks, as always, to the various contributing writers to Slope; their work is much appreciated by me and the readers here.
It's late summer 1998. Harry Stamper and his ragtag crew (below) have just saved the world from an asteroid impact on the big screen. Steven Tyler 'Don't Wanna Miss a Thing', and the iMac has made a comeback in an assortment of lollipop flavors. I am stationed at the then Pacific Coast Exchange, witnessing a real life end of the world tale unfold. Sovereign debt stress (then in Asia and Russia) has created a maelstrom that will soon result in the take-down of Long Term Capital Management. In what will become the norm in the following decade, the Fed gets cozy with Wall Street to contain the damage and creates an unofficial instrument that will come to be known as the "Greenspan put."
RHT our top pick for today. As we noted last night: RHT is approaching double-top resistance in the 48 1/4-1/2 area going back to December 2010, closing Wednesday up 1.77 to 48.23. A breakout would look definitive if it gets through 49.00, taking the stock to a new multi-year high and positioning it for a target of 50.54 and then 53.97.
Originally published on TraderHR.com.