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.
Semiconductor Collapse
Wow. Just a good hard look at SOXL, the leveraged long ETF for semiconductors. I guess this explains why we haven’t seen Jensen Huang’s idiotic arm tattoo in a while, huh?
The funny thing about these leveraged instruments is that, a few months ago, you could have bought both the ultra-long and the ultra-short, and they’d BOTH be wipeouts.
My Redemption
As mad as I am at myself for not sticking with XOP, I did in fact short (in size) an ETF yesterday which has pretty much sorta-kind made up for it, and that is Materials, symbol XLB:
ETF Review: 20th Birthday Edition
Oil and Gas ETF
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.
