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.
The first three of the following graphs depict percentages gained for the Major U.S. Indices during three time periods, namely:
Generally, traders/investors have favoured technology, small-cap, and transportation indices over the large-cap and utilities indices…indicating a stronger preference for risk over value, which continues to today.
Seeing this table over on ZH made my jaw just about drop:
If someone – – anyone – – were asked what financial instrument sounded more exciting: The Dow Jones Utilities (XLU) or hot Internet app maker Snap (SNAP), I strongly suspect SNAP would win the day. However, SNAP is a dog, trading at about one-third of its peak and just kind of crawling around the sub-teens (much like its demographic). The Utilities, on the other hand, is a daily obsession of mine.
I have a ton of January 2019 puts on this (strike price $54), and after causing a bit of trendline damage earlier this year (red circle), it roared higher and only started weakening a few days ago.
I am tiptoeing my way back into more short positions. I current have 35 positions and am using about 125% of my buying power. Here is one of them – – International Flavors & Fragrances, which I think is a very clean short. I’ve got a stop-loss set at 134.55:
