An important ally for me during the recent weakness (Wednesday notwithstanding) has been XOP, the oil & gas exploration fund. It’s a very clean pattern, and I intend to hang on to my short positions tightly until we can (hopefully!) nail the target I’ve marked below with the green dotted line.
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.
Well, the goofy Bay Area I live in has become even goofier. Cultural saturation in this everyone-deserves-to-be-a-billionaire loony bin has found its way even to children’s books. In this guide to the alphabet, the letter “I”, for example, is used for the all-important words “investing” and “Internet” (and, in a nod to reptile-loving neckbeards, “Iguana”). Sigh.
Things have been going so well in the wonderful world of Slope Plus that I wanted to remind those of you who aren’t subscribed about its features and urge you to subscribe here. I haven’t done this since May, but I’ve created a coupon that chops $29.95 off the price (meaning you can just use it for a month for free, or if you like, just enjoy the discount off the already-discounted annual rate). Just type in the coupon code trickortreat on the subscription page.
An example of the kind of idea I offer up on Slope Plus is shown below, which was posted just a couple of days ago. In the old times, I would have just posted this for everyone, but frankly, whenever I have a really good idea, it goes up behind the pay wall. I was illustrating a fascinating analog going on with high-yield ETFs – in particular, HYG. (more…)
Last Friday, I decided to ape BDI and buy some “DOOMs” (that is, weekly SDS calls). I paid 15 cents for them. On Monday, the bid rose to 20 cents (where I’ve drawn the dotted red line below), so – – Nervous Nelly that I am – – I sold ’em for a 33% profit and patted my back for how smart I was. Needless to say………..
Here’s the list of bearish trade setups that I have been working with this week:
For those wanting to know, “trkPrice” was when I first started tracking it, “trk%” is the percentage change, and “trkDate” is the date I started tracking it at.
BONUS from Tim: Because I’m a total sweetheart, I typed in the symbols for you if you want to cut ‘n’ paste. Here ya go: SHORTS. Feel free to sign up for Slope Plus now to thank me (I just made a new coupon: trickortreat – get yerself a free month).