I realize that energy bears are on the Critically Endangered Species list, but I humbly offer you the idea to short OXY, shown below, which is beneath an absolutely mammoth topping pattern.
The Occidental Tourist
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.
TNR Energy
When most folks think of TNR, it means Terms & Regulations, but here on Slope, it refers to TNRevolution. I feel a debt of gratitude to the man today, since his comment about the small caps bottoming inspired me to GTFO of my IWM puts at just about the best possible price yesterday morning.
TNR has also been kicking my butt with his energy bullishness (in sharp contrast to my energy bearishness). I stumbled upon this futures chart today which will make him happy. If we cross above that horizontal, I think TNR’s energy bullishness is going to go to “11”.
Thank You, Barron’s!
The cover curse is my dearest friend, since I am loaded to the teeth with – – sorry TNR! – ENERGY PUTS!
Dead Battery
Since I have spent many an evening clicked in to the (free!) Tesla Supercharger, I guess I’ve never understood why public charging stations were such a great business model. For a while, they were the hottest thing in the universe, I suppose in part because it was assumed the multi-trillion dollar Build Biden Better or whatever it was called was going to sail through Congress. In any case, it’s quite clear that the lights are getting dim for Blink (BLNK):
Gas Ready to Rock?
OK, you’re going to think someone has hacked my account. This is not only a bullish post, but a bullish post on energy. Specifically, natural gas. I am impressed by this chart of UNG. Also take note of the volume:
