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.

Oil and Gas ETF

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In recent days, one particular point of frustration for me has been XOP, the oil and gas producers fund, which lurched higher on a daily basis for weeks. I am confident, however, that this rally has ceased, and I am amping up my bearish position on XOP as well as the individual stock COP.

Take a look at the relationship between the price of XOP and its trio of exponential moving averages (50/100/200). I’d say the risk/reward on a bearish trade is appealing right here.

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