Below is the DIA (the Dow 30 ETF) which has topped out beautifully.
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.
Looking at Utilities
One of my positions is long September XLU puts. Utilities have been more robust than I’d like to see, but I will say that the failure of the horizontal breakout (the dashed line below) is encouraging, on top of the fact that at no time did prices break above the descending trendline.
FXI Lady
One of my bearish positions is on China, by way of in-the-money September 20 2024 FXI puts. I am counting on this right triangle setup.
Cross Not These Levels
I’m holding the line on my three ETF shorts, both literally and figuratively. Below I’ve highlighted the precise stop-loss level for each one. These put options don’t expire until the final quarter of this year, so there’s plenty of time to be right!
