Graveyard Bar
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 Tale of Two Channels
Below are two charts from two very different companies in two very different sectors yet with interesting parallels. First, we have Netflix (NFLX) which has been following an ascending channel for years and recently has been blowing higher, day after day, on the heels of its earnings.
Energy Has Returned
Yes, yes, I know the narrative. Middle East tensions and higher crude prices. However, I’d like to suggest the energy fund XLE as a clean short setup, with a stop-loss just above that dashed line which I have highlighted. I have acquired June 21 2024 $85 puts.
Dow Transports at Resistance
This descending trendline has been reliable resistance ever since the lifetime high on the Dow 20 long ago.
Eat and Run
I bought SMH puts Thursday. I closed them today for a 28% profit. In more sane times, I would have held on to these for many more weeks (they had 49 days left on them) but these are not normal times. These are picking-up-pennies-in-front-of-the-steamroller times.
