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.
Giving XLU a Go
The Dow Jones Utility Index of 15 stocks doesn’t get much love, but it should. It’s actually had a long history of very interesting patterns, with particularly success in rounded tops leading to nice drops. Over decades, the $UTIL has topped and dropped repeatedly, with the 2007 top being one of the most superb (perfect, actually) head and shoulders patterns among the literally millions of charts I have examined over the years.
Another Chance with XLE
Given oil’s tremendous strength, the ETF dedicated to energy, XLE, has rebounded mightily. I have entered a new position with a tight stop (the price gap highlighted below).
