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.
And the hits just keep coming.
One of my short positions is gun maker Sturm Ruger, shown below with detail. It’s a well-formed symmetric triangle. My stop-loss price is at 53.10.
Although we certainly haven’t seen any kind of bounce lately, I have judiciously selected the nine equities below to sell short and add to my bearish portfolio.(more…)
Further to my post of February 10 regarding FNGU (an exchange-traded note that tracks 3x the daily price movements on an index of US-listed technology and consumer discretionary companies) and the Nasdaq Composite Index, the following scenario developed.
- FNGU did retest its prior all-time high, blew past it, and made a new high at 115.40 last week, as shown on the weekly chart below.
- The Nasdaq Composite Index did attempt to reach 10,000, but stopped short at its new all-time high of 9838.37 last week, as shown on the weekly chart below.
- After they both formed a shooting star candle last week, they gapped down considerably today (Monday) to close near their low of the day.
- You can see, from the last two chartgrids (daily timeframe), that all of the ten tech stocks which comprise FNGU gapped and closed down on Monday, as well.