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.

Lazy Trade Long & Short: IACI & ASML (by Ryan Mallory)

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Market is showing a respectable bounce – in essence it is attempting to stop the minor bleeding over the past couple of days. Overall the pullback had little to no volume compared to the run up, and selling was in a very orderly fashion (no fear at all). 

I'm looking to add one more trade to the portfolio outside of the one I took this morning in PNR, and right now IACI is at the top of the list. 

As always because traders come in all sizes and strategies, I still provide a short setup in case I'm wrong in my bullish thesis for others to take if they so choose to do. This go around, it is ASML which is breaking down nicely off of a (rough) head and shoulders price pattern. 

Here's today's Lazy Trades:

LONG: Interactive Corp (IACI)

Interactive Corp IACI

SHORT: ASML  Holdings (ASML)

ASML Holdings ASML

Be sure to check out Ryan's Blog at

SPX vs Financials vs Emerging Markets

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Further to my post of September 4th, I would note that the SPX,
XLF, and EEM
have recently broken above trendline resistance, as shown
on the Weekly chart below.

The Daily
and the 2-day graph below of the 9
Major Sectors
show that profit-taking has occurred since last Friday,
particularly in the riskier Offensive Sectors, while some of the Defensives have
made some gains…Technology and Industrials are in a neutral holding

A break and hold below
trendline support on the SPX, XLF, and EEM may see
further flight from the Offensive Sectors and into the Defensive
otherwise, I'd expect to see money flow back
into the higher risk Sectors as they continue their trek
upwards…ones to watch.