Thank you for flying WSB from r/wallstreetbets
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.
Small Cap Index Failure
And the hits just keep coming.
Son of a Gun!
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.
Nine Lives
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.
U.S. Tech Sector Blow-Off Top In Progress
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.
