I came into the day short USO, and it’s worked out pretty well. Crude oil is down 1.71% as I’m typing this, and although the triangle within which USO has been trading isn’t very clean, I think it’s more likely we’ll see lower prices ahead than bounce this soon. (more…)
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.
Touting Another Slope+ Victory
Wherein I shamelessly urge people to join Slope+, since I am certainly going to be raising the price (permanently) in the near future. Here’s what I wrote on May 16th in an exclusive Slope+ post:
It didn’t take long, and we’re already in $37.xx land – – not bad, not bad! So c’mon and give Slope+ a try. Use coupon code mayday for a free month, since that coupon will die at the end of this week! I’ve tinted in green the point where I issued the “short XLU” post.
Not the Picture of Health
In spite of a bargain-basement price/earnings ratio of about 650, LinkedIn still seems richly-valued. Most important to me as a chartest (I throw in the fundamentals only to be provocative), the price is resting on a pretty flimsy shelf of support right now which, if broken, could send the stock tumbling to the $130-zone. (more…)
Possible Double-Top Formed
Sometimes it just isn’t your day. I just spent an hour writing a post and selected it to copy it over to Slope of Hope when I hit the wrong key and deleted almost the whole thing irrecoverably (Editor’s Note: I feel your pain! Thank you for doing this twice!). Unusually I have to leave soon and will be out much of the day so I am going to rewrite this as a shorter post as quickly as possible. Excuse the very brief comments. (more…)
