Crude oil is a very big deal to me, and its surging strength lately has been just one of many dismal things on my mind. In spite of this, I went out on a limb yesterday with this post saying that energy stocks were just begging to be shorted. Well, since God still has an ounce of mercy left for this beleaguered soul, the crude oil report this morning has sent crude tumbling and, with it, energy stocks. I’m pleased to point out on the chart below with an arrow exactly where the “short energy” post went out yesterday.
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.
Waiting For The Break
SPX has had a nice move up from the touch of rising wedge support at the close last Friday. That formed a small rising channel that broke down yesterday afternoon. Bears have a shot here at breaking rising wedge support, currently in the 2096-8 area and multiple sell signals are suggesting that it may well break here. SPX 60min chart:
Two Ways Of Hedging ATVI
Our Current Number One Stock: Activision Blizzard
Activision Blizzard (ATVI), which just announced its purchase of King Digital (KING), the Dublin-based maker of the Candy Crush mobile game, currently has the highest potential return of any security in Portfolio Armor‘s universe, at 20.8%. Potential return, in our terminology, is a bullish estimate of how a security will perform over the next 6 months. Below, we’ll explain how we calculate potential return, and then we’ll show a couple of ways of hedging ATVI.
How We Calculate Potential Return (more…)



