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.
This post might have been more appropriate in a video; not only does it take me much, much longer to do this as a regular post, but it's going to measure about five feet tall. In any event, below are a variety of short positions I have in my account, grouped by different categories.
First up are some symbols which have retraced to former support levels:
Originally published on MPTrader.com.
So far the market has seen its rally stall after making a respectable bounce off of the morning lows. Bulls may come back to the table later this afternoon, but that remains to be seen.
Today's lazy trades offers similar trading patterns in opposite directions. Leap Wireless International (LEAP) has the inverse head and shoulders working while Hawaiian Electric (HE) gives the more traditional head and shoulders setup.
Here's today's Lazy Trades.
Long: Leap Wireless International (LEAP)
Short: Hawaiian Electric (HE)
Be sure to check out Ryan's Blog at SharePlanner.com
Data released today shows that Consumer Confidence/Comfort continues to drop, in spite of the Fed's actions over the past four years, and is fast approaching the extreme low levels of 2009. It would appear that the average consumer is less aware of Fed policy/intervention than that of political (non)action to date.
It's very unfortunate that both political parties have failed to employ their due diligence in carrying out their responsibilities during their current term…they have left it all up to the Fed, who admitted they can't solve all the economic problems on their own. If politicians were employed by a company, they'd be fired for sleeping on the job. Consumers can't live on junk food alone…