May I quietly suggest NXPI as an excellent long-term short position?
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.
Gold Bests Stocks!
The Only Steady Winner
It seems to be common knowledge that leveraged ETFs are only good for very, very short-term trading (measured in minutes and hours). I’ve got to say, though, that the ultrashort-on-bonds ETF symbol TBT has been a quite steady performer not just for a few minutes but for five solid months, blossoming into a gain of about 50%.
Anyone who believes in TBT is betting FOR inflation, FOR higher rates, and AGAINST the ability of the U.S. to control any of this. Thus……….winning!
Some Standouts
Collapsing Strength
I was already bored an hour into the trading day, so I started browsing around the SlopeCharts data panel and remembered I hadn’t looked at the Statistics panel in ages. how delighted I was to fire it up and see this:
The chart is of symbol $SPX200MA which is the percentage of stocks above their respective 200-day moving averages. It was trapped for AN ENTIRE YEAR (green tint) banging around, grinding around, and going nowhere. Now, at long last, it has let loose, showing how stock strength is crumbling under our feet.
Good.
