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.
Hello everyone I'm KC Scott and I'd like to start by thanking Tim for allowing me to share my thoughts with you fine folks. I've followed Slope for quite a few years and am always impressed by the quality of the content and your responses. This is a very smart blog and I'm proud to contribute. (Editor's Note – I was also delighted to see Scott escaped the clutches of IBC to the gentle world of Slope; we welcome him heartily – Tim)
For my first post, I thought we would talk trash – and how it relates to US Economy
I just listened to an interview with Economist Michael McDonough from Bloomberg Briefs over at marketplace.org. McDonough offered a theory regarding the correlation of the amount of Trash hauled via rail to the Health of the Economy. He also offered the accompanying chart which tracks how well his indicator has performed since 1994.
I haven't done anything of note yet today in terms of adding or subtracting from my portfolio. I did come oh-so close to getting stopped out of ARUN – but before I could stop myself out, it bounced quite nicely. So now my stop-loss for ARUN is now $17.08 just below the day's lows.
As for the two trades below, you'll want to temper you position size in the SMFG setup as it is a bit more gappy than I'd prefer, and also a lower-dollar stock. Nonetheless, the volume in it lately is soaring and going to hit some heavy resistance.
On GGP, I've noticed quite a bit lately that the long-term up-trenders that begins to bull flag at the highs, have done very very well – and this particular play provides another one of those opportunities. But wait for the entry to come to you.
Here's today's Lazy Trade Long & Short.
LONG: General Growth Prop (GGP)
SHORT: Sumitomo Mitsui Financial Group (SMFG)
Be sure to checkout Ryan's Blog at SharePlanner.com