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.
A salute to my favorite charting phenomenon………..(more…)
Microsoft and Apple can’t be the only stocks that go up. Younger stocks are starting to get some attention, since the world of traders is hunting for newer opportunities. Here are a few whippersnappers coming to life.(more…)
Both this Monday (that is, today) and last Monday had, for me, some singular and very nasty losses. I wanted to share the story of each of them, since the contrast between what led to those losses is worth noting. In short, one of them was a royal screw-up on my part, and the other was just plain bad luck. Let’s review, and in doing so, we’re going to look at the Friday preceding each of the aforementioned Mondays.
A couple of Fridays ago, the market was falling to pieces, thanks to the Corona virus scare. All my positions were doing great, and I was just about fully committed with respect to buying power. Egged on by this success, I decided to get cute and put the last of my buying power into some weekly SPY put options.(more…)
Perhaps you heard that Parasite had an amazing night at the Oscars. But you knew that it would, since I sang high praise for the movie back in November (“….. this is definitely a new favorite.”) You can always count on Slope to stay ahead of the curve!
I’ve been pointing out some of the more interesting “unicorn” IPOs recently, with Slack (symbol WORK) being of particular interest. It finally caught fire this morning.
I last wrote about FNGU in my post of December 26, 2019.
FNGU is an exchange-traded note that tracks 3x the daily price movements of an index of US-listed technology and consumer discretionary companies. The index is highly concentrated and equally weighted.
Since then, price blew through both the 78.6% Fibonacci level and it’s prior all-time high, as shown on the following weekly chart
The Balance of Power still lies in the hands of buyers, in spite of a bit of a blow-off in the last weekly candle. We may not see a trend reversal until this indicator spikes to, and closes on, a new high in one of the coming weeks.(more…)