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.
I receive ideas and requests every day from Slopers, but I’ve never received such a consistent request as the one for IV Rank. There has been a tremendous clamoring for it lately, so I am delighted to let you know that we’ve done it, and in typical Slope style, we’ve done it better than anyone else.
For those unacquainted with IV Rank, the concept is simple. Volatility, which SlopeChartsalready has here, measures the implied volatility of a given financial instrument based upon its options pricing. The volatility varies from instrument to instrument, but for any one instrument, it’s the relative volatility that is of interest to us.
On March 29th of next year, Slope will celebrate its 15th year of existence. This website has an extraordinary history over those many years, making it one of the most longstanding communities of traders on the Internet, and countless characters have made their way through these halls as both contributors and participants.
These three health and technology stocks are on the move and pointing higher.
Advanced Micro Devices, Inc. (AMD), one of our swing trade picks from two weeks ago when it was at $33.60, jumped 81 cents to $37.52 on 67 million shares Wednesday. On Tuesday, the chip maker announced Tencent will use its latest server processors. The stock has been in a steep rising channel since its recent low below $28 in early October. Next target is the rising channel top near $40.
The Dow Transportation Index broke above its descending trendline back on October 24th. Since then, it has rallied and then started to retrace. This is an important test for the market. If support holds at 10739 and $TRAN resumes its push, that will add fuel to the bullish fire. If it breaks this horizontal, as well as its trendline, the breakout will clearly have failed.
One of the most recent unicorn catastrophes has been Smile Direct Club, whose losses during its brief lifetime are approximately 60%. No matter where you look – – UBER, TLRY, LYFT – – the millennial darlings have been equity bombs.