Here’s a highly speculative play, but one worth mentioning – – the leveraged (triple-bearish) financial ETF which has plunged from $40,372 (November 21, 2008) to, umm, less than thirteen bucks. There may be a nice little base forming here, though.
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.
Eye on Google
Google Inc. (GOOGL) is consolidating in a triangle formation, and its range is tightening, which suggests a potential breakout and trend reversal in the short term. Price to watch: 537.
Originally published on TraderHR.com.
The Utilities Crystal Ball
A few days ago I shared a signal on my blog going back 10 years defined by the SPDR utilities ETF (XLU) being down greater than 3% in a single day while SPX was above its 50MA.
Swing Trading Watch-List: TASR, AAL, CSCO, KATE, RDS-A
Risk ‘ON’
I have a short position against the S&P 500 and despite Friday’s EoD reversal and yesterday’s down day, as noted to subscribers in an update, I don’t feel very good about its prospects. I am net long the market, and that is for a reason; recent signals have been more bullish than bearish.
Greece? Ha ha ha… was Greece 1 bearish? How about Cyprus? How about the litany of other meltdowns around the world since? In the price obsessed casino (where patrons checked any concept of value at the door), it seems to be all bullish because even when backing out the 24/7, 365 inflationary global policy hoses we realize that over bullish sentiment keeps getting reset by these anxious events and the bull eats that for breakfast.
