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One of the funny aspects of meeting 5-star Sloper Xerxes in person a few days ago was that almost every topic that came up would compel me to interject, “I wrote about that in my novel!” It’s true. Solid State, at almost 600 pages, contains just about everything I believe and know, and I was reminded of this with the infographic below, since I also refer to the fact that kids today (yeah, yeah……..) don’t even know the difference between a nail and a screw.
When I first created SlopeCharts years ago, I decided the foundation of the product would be clear, easy-to-manage, highly organized watch lists. Some might say this is a manifestation of an anal-retentive and control freak personality, whereas others might be less charitable.
In any event, by way of these watch lists, I keep my Bear Pen of shorting opportunities, and that list has 25 components. When I set it to show Unique Symbols, it displays the “leftovers” of symbols in the Bear Pen which are not also in my Tim Shorts list. That is to say, it reveals what opportunities I am considering that have not become trades yet.
Right now, for the first time I can remember, the number is zero meaning that I have deployed every single symbol I even consider worthy of being shorted.
Oh my. Another sleep-in, Tim? You’re slipping! Yep, it’s true. Allow me to get myself together and say something cogent. I’m relieved to at least observe that, out of 30 (yep, 30) short positions, almost all are down, and only one of them is even up more than a single percentage point. That’s a decent start to a late morning!
I’ve got some fun news to share about data. Yeah, I know – – Data? Fun? Hey, in my world, that’s a thing.
We finally have put/call ratio data. To be clear, there’s a bit of spit ‘n’ polish left to do, such as making the proper name show up, and using sensible symbols, but I wanted to share this information with you even in its alpha form and simultaneously ask for your opinion. You should be able to play with this data immediately.
For those wondering what put/call ratio data is all about, I’m going to be lazy and let Grok explain it:
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