There’s not a tremendous amount to say about a market which inches a fraction of a percentage point during the day, so I’ll share below the seven equities against which I’ve got long put positions (July and August being the expirations). As always, click on any chart for a much larger version.(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.
Bull Flag And Retest (Reprise)
Since my last post we have seen what may be the full backtest on SPX that I was looking at then, but might only be the first leg of that backtest The backtest did not quite reach the 3950-4025 target zone, and none of the three obvious targets were hit at the weekly middle band, currently in the 3980 area, or either of the rising support trendlines from the March 2020 and October 2020 lows (shown below), and the daily RSI 14 sell signal did not make target so I’m leaning towards another leg down, that could happen after an all time high retest to set up a possible double top.
SPX daily chart:(more…)
Too Much Crypto, Not Enough Stuff
Coffee is one of the commodities the world economy is running low on, per Bloomberg.(more…)
Bet the Farm
I’d like to offer Farmer Brothers Coffee (symbol FARM) as a new short idea:(more…)
Slowly I Turned
Without commentary, I wanted to offer these two charts:(more…)