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.
Long & Short: ISIS & KRC (by Ryan Mallory)
So far today it has been relatively quiet for me. I sold out of Canadian Natural Resources (CNQ) at $30.28 from $28.78 for a 5.2% gain and haven't done much else. I'm tempted to add another short position to the portfolio to add some balance to the existing 4 long positions I currently hold.
In fact I may even buy another long to replace CNQ, and I'm leaning towards ISIS as being that one.
Here's the Long & Short Trades:
LONG: ISIS Pharmaceuticals (ISIS)
SHORT: Kilroy Reality (KRC)
No Uranus Jokes, Please…..
Well, ProphetCharts is giving me trouble, so there's nothing to do but look to space. Here's a charming video showing what it would be like if there were rings around Earth. Sound dumb? It's not – you'll be surprised how cool it is. Check it out.
Bond Short Update
TLT remains my only large short position, and it's also just about the only bright spot in my trading day. This is a beautifully-formed head and shoulders pattern, and the retracement to the neckline simply affirms the cleanness of this set-up. I have increased the size of my short, and although I think ZB is ultimately going to tag about 145.25 or so, I'll cover at anywhere close to 146 (note: I am using prices from ZB as a reference point here, even though TLT is the actual position).
A Lot of Channels (by Springheel Jack)
SPX has been pushing up the upper bollinger band on the daily chart as I was suggesting it might well do. A landmark was reached yesterday when SPX reached the 14-3-5 target area for the IHS from the low. Making that target was a long and winding road and it is no longer in play. Worth noting on this chart that SPX rising channel resistance is slightly north of 1420:
