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.
Today's Lazy Trades comes with me jumping into NTE at $11.38, which really hasn't been that great of any entry so far as it dipped below that level since getting in. Nonetheless, the stock is seeing insane amounts of volume while trading sideways the past few months.
As it breaks out today, I plan on keeping my stop-loss below the 10-day moving average and ridiing the stop-loss with the move higher (should it be so kind).
For the short setup, Dresser-Rand (DRC) looks devilishly bearish with its double top and bear-flag rise into resistance. Now that it is trying to break down today, it makes for a great risk-reward opportunity.
Here's today's Lazy Trades.
LONG: Nam Tai Electronics (NTE)
SHORT: Dresser-Rand (DRC)
Be sure to check out Ryan's blog at SharePlanner.com
October Surprise Bombshell
Now that Romney’s stellar debate performance has made the U.S. presidential elections a real contest. The general election will very likely be decided by the pivotal State of Florida. He who wins the Sun Shine State wins the presidency, a la hanging chad circa 2000. The Jewish vote is critical. Benjamin Netanyahu is well aware of this fact.
I see and read in many blogs and forums that folks are
talking about “Top” and as we had a failed test of high, the trend is now
changing. Knowledgeable writers are saying that market rose from June low on
the hope and expectation of QE and this rise was in fact a hope rally. Now that
the surprise factor has been taken out and as tops are formed at the high, time
is ripe for a major pull-back.