Inspired by the ZeroHedge article of the 30 most heavily-shorted stocks, here is this chunk:(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.
Short Interest Leaders (1 of 3)
A Strange Start To June
June is not a bullish month historically on SPX, but it does have some bullish leaning days. Today, the second trading day of the month, is historically the strongest day of the month, with 76.2% green closes on SPX. Yesterday runs equal with Tuesday 15th June for second most bullish day of the month with 66.7% green closes.
Now these don’t always deliver by any means, as if they did the averages would all be 100%, but in a setup where there is obvious unfinished business above at the retest of the all time high on SPX, they generally would, so it is interesting that as the second trading day of June draws towards the close, there is little sign so far of the bulls showing up for work.
Just to review the overall position here. SPX is in a high quality rising wedge from the March 2020 low. Wedge support is currently in the 4110 area and wedge resistance currently in the 4310 area. The next obvious target is a retest of the all time high on SPX, and if SPX continues higher then the next trendline resistance within that rising wedge is that rising wedge resistance, now in the 4310 area, and rising of course.(more…)
Wow, this is fascinating and shocking:
Real Estate Short
I present to you Pennsylvania Real Estate (symbol PEI) with a suggested stop-loss price of $3.55: