I gotta tell ya, any stock which can’t manage to lurch to new highs every single day in this fake, over-supported, over-heated market of ours has got something seriously wrong with it. I present to you the former darling of millennial “investors”, Beyond Meat.(more…)
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.
I was definitely in “Defense” mode on Monday morning and went into “Attack” mode a few hours into the day. I started with 50 positions, retreated with my hair on fire to 30, then re-established 13 to end at 43 shorts. I am pleased to say they were all in the green at day’s end. Among them are these three auto-related shorts which I added:(more…)
A week ago, I did this post on shorting International Flavors and Fragrances (post date marked below with an arrow). Even in this insane, hyper-bubble market, it’s definitely moving the right direction.
Over the course of ten trading days, the volatility index has lost a full one-third of its value.(more…)
A week ago I was looking at upside targets on ES and the extended target on ES was in the 3180 target, made by the close of the week. I had other upside targets too with an extended IHS target on NQ that made target at the same time, and bull flag high retests on DAX and ESTX50 that were also made. I have run out of upside targets across the main equity indices that I watch and the December high on SPX is either in or should be close.
In the short term there is an open 60min sell signal and an attractive trendline target currently in the 3150 ES area, ideally to be hit on Monday before a high retest, though there is an SPX trendline target below in the 3155 area that may hold instead, as SPX is the technical dog to the ES tail from a charting perspective.(more…)