My best trade today was symbol CAR, which I came into the day short. I've covered it, based on an intermediate-term trendline, but longer-term, this is shaping up nicely.
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.
Nice Inverted H&S Pattern
Hyperdynamics Follow-Up
Last month, on January 6th, I did a post suggesting symbol HDY as a speculative short play. I've marked with a red arrow when I made the post.
The chart pushed a little higher from where I suggested it, but as you can see, it worked out pretty well as a short, down about two-thirds from where I mentioned it. Unfortunately, this was one of those very rare instances that my broker couldn't find a single share of stock, so I didn't partake. But maybe one or two of you did………..in any case, in spite of being a little early, this was a good one.
Fresh Opportunity to Short the Miners
……closer up…….
Rolling Over (by Springheel Jack)
I was saying yesterday morning that a pinocchio through trendline support was generally soon followed by a more definite break, and we then saw that hourly close below rising support from the December 19th low that I was looking for: