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.
I haven’t placed a trade on Broadcom in a long time – years, I think – but I went ahead and shorted it today. It had a pretty staggering gap down, as you can see even on a graph this size, and there is a veritible mountain of overhead supply that will resist further upside price action. I’ve got a pretty tight stop on this one – 29.68 – and if this market is every permitted to go down for a single freakin’ day (which doesn’t seem to be the case), this chart would get a lot more interesting. (more…)
Here’s are today’s trade setups:
Long Andarko Petroleum (APC)