Below is symbol XLP, the fund for the Consumer Staples sector.
Yet Another H&S Top
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.
PREMIUM: Crucial Failures
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Taste It
My position in SMH (October $155 puts) is vastly bigger than any other, and although the pattern is not complete yet, a slip under 143.35 would do the trick. Should this happen, which could be tomorrow, all holy hell will break loose.
Star Power
Early on Friday, which was the third day in a row I was acquiring XLU puts (at a loss), I tweeted out the suggestion to join in with me. It turned out that tweet was almost the perfect time to do so.
Putting a Stake in the Ground
Let’s get serious about the semiconductor index. This beast has a perfectly good chance of completing a relatively small but spectacularly well-formed head & shoulders top. Indeed, it would take only one good down day, no more dazzling than Friday’s, to get the job done. I would like to offer unto you my target for such a measured move, tinted in green:
