Bleach will get your stuff white.
Speaking of Clorox here, the company is a lot more than bleach. It boasts that “more than 80% of the company’s sales are generated from brands that hold the No.1 and No.2 market share positions in their category.”
All well and good. And what the company has managed to do over many years has been good. Clorox has been a perma-riser since its beginning, with the exception of a bearish hiccup in 1999 that lasted about two years.
Reviewing its charts, CLX doesn’t look good. I think the 2022 outlook will give the 1999 hiccup a run for its money – and leave it in the dust.
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.
More Dorsey Downers
Pulling once again from Edwin Dorsey’s [free] Substack newsletter, The Bear Cave, here are more issues worth a shorting glance. His publication makes a good watchlist.
First is RKLY, about which Dorsey wrote on April 24:
Iceberg Research published on Rockley Photonics Holdings, a UK-based startup that is developing biosensors for smartwatches and medical devices. Iceberg wrote that “the company is experiencing technological roadblocks and will soon face a cash crunch and heavy dilution.”
(more…)Short Shopping
There is another Bear besides Tim in these market woods. The Knight may be the biggest and baddest of them all, but it is another bear to whom this post gives attention.
The other bear is Edwin Dorsey. He publishes a newsletter – one version free, the other behind a paywall. This shopping list of short suggestions comes from Edwin’s free Substack newsletter, The Bear Cave. https://thebearcave.substack.com/
There was a time when I asked Son if Grandson used Roblox. That was awhile ago and things have changed. I am not going to belabor the horror that Roblox is, but you can read all about it here: https://thebearcave.substack.com/p/problems-at-roblox-rblx?s=r
(more…)Down the Chimney
In thinking about Santa coming down the chimney, do children ever question what a horrible sooty mess he’d be? Not that I’ve ever heard.
But rather than talk further about the wondrous notion of Santa, here are some stocks that look to be done making new highs and are now headed down the sooty chimney.
With its top holdings of Apple [23%] and Microsoft [21%], the Technology sector ETF, XLK, has held up better than some others. Even so, it lost its bid for a higher high at the end of March, and price fell below the Ichimoku Cloud on Friday.
(more…)Slippery Slopes
We wish Tim house-hunting success in North Carolina. Here’s hoping he finds what he’s looking for. NC is a beautiful state and I bet his family will enjoy time spent there. Where I live now is the forever home, but NC [and TN] used to be on my move-to list. Here are a few slippery slope charts for your perusal. See what you think; hopefully, you’ll find some trade ideas.
Note that on all charts, the dotted green and red horizontals are the top and bottom of the Ichimoku Cloud; the Cloud changes with the wind.
In no particular order, let’s look first at TUP. I think Tim has been watching and shorting this for a long time. TUP topped in 2013. Earnings are May 4. (Note from Tim: yep! I’ve got puts!)
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