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.
Here’s today’s swing-trading watch-list:
Long Foster Wheeler (FWLT)
I’m a big fan of Silicon Valley history. Even though I only live a few miles from where the Byte Shop was originally located in 1976, I had never bothered looking up its address. For those who don’t know, the Byte Shop was pretty much the first personal computer store anywhere, and they were the first buyer of Apple products (specifically, 50 Apple I motherboards). Here’s what it looked like:
A reader wrote me this morning asking if the head and shoulders on General Motors was rendered moot due to its violation of the neckline (see green circle). I don’t think it has. What I’m watching as the neckline is the up-sloping trendline, whose violation would only occur in the vicinity of the red circle. I remain short, and today I augmented the position with June $35 puts.
I just happened to trip across this video. I didn’t expect to like it. I didn’t expect to watch it for more than 10 seconds. But, holy moley, watch this video. Ricky Jay (whom I only know from PTA movies like Magnolia) is absolutely incredible.