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.

Good for Your Health AND Your Portfolio

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Hey Gang! I’ll work out some kind of a standard format for my posts soon, but I would always like to present a trade together with a plan for the stop, profit, and target.

I don’t have a ton of time so here’s the trade.  Healthcare is the 2nd strongest sector determined by its bullish percent index rank (currently at 84% P&F buy signals).  It’s a simple, but effective way to rank sector strength.  The only stronger sector is utilities at 89% P&F buy signals.  If you’re not familiar with Point & Figure charting, it’s basically a way of taking time out of the chart and displaying only the price moves.  Being on a P&F buy signal means that the chart is making higher highs and higher lows.

I looked at the top 10 holdings for XLV and JNJ stood out for me as being in strong condition and a stone’s throw from its highs.  It is clearly making higher highs and higher lows within an established channel and has broken a short-term downtrend line.  Details are on the chart, but this trade risks approximately .50c to make $6. (more…)