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.
One sure-fire bet for years has been to be bullish the purveyor of so-so burritos Chipotle. I’ve never……….ever………understood the appeal, but I had given up shorting the damned thing. Well, after hours, the tides have finally turned. Those bold enough to be long puts are going to have huge gains in the morning, and the poor souls who actually sold puts against CMG are going to get smacked. With the stock down $50 already, it looks like the glory days of the over-hyped grill are perhaps at an end. It’s about time.
Here’s today’s swing-trading watch-list:
Long Genpact (G)
One nice tidbit of evidence for the deflationary environment in which we live is the ETF devoted to agricultural commodities, shown below. I’m not buying it myself (actually, I’m not buying anything) but those inclined toward purchasing something near what looks like channel-based support could do worse than this one:
Johnson Controls Inc. (JCI) has strong potential for significant upside as well as an excellent story of strong fiscal management and innovation. From a technical side there are two competitors of JCI’s that I also think have excellent chart setups: WABCO Holdings Inc. (WBC) and Rockwell Automation Inc. (ROK).
It is very interesting that while WBC and ROK are competitors in two different core areas of JCI’s business — auto parts vs. building automation, respectively — the two competitors have remarkably similar charts to each other, and also to that of JCI. All three have strong setups off the October 2014 lows for immediate upside, in addition to longer term bullishness.