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.
Earlier today, I told my premium members that I had taken profits on my LQD and XLU long positions. I feel good about LQD, but the jury is still out on XLU. Since I partly blew the puts so bad, I’m wondering if I’m in the midst of blowing the calls as well. Here we see that XLU has challenged support a couple of times, but has yet to break it.
What has taken place with the Dow 15 Utilities (and its trade-able counterpart, the fund XLU) over just the past twenty days has been nothing short of extraordinary. It would be worthwhile to examine what has taken place with this instrument and what appears to be forthcoming.
Just to jump to the end of this film, here is the present Dow Utilities. The red arrow marks the point where I established my bearish position, and the green arrow marks where I established my bullish position. As some folks know (since I never stop talking about it), the bearish position created a profit of over 300% in just two weeks, although I got out at the +140% mark, a decision for which I haven’t stopped kicking myself.
I did a premium post shortly after the opening bell yesterday that was very un-Tim for two reasons. (1) It was a BUY (2) it was bullish on BONDS!
I am inclined to apologize for my persistent navel-gazing about my XLU trade, but it merits examination, and there are lessons to be learned.
I was curious when I discovered – – and I use the word “discovered” very deliberately, since I’m exceptionally good at spotting patterns with my eyes/brain combo that computers simply cannot do – – the diamond pattern in the Utilities. It seems to me it took place way back on May 16, 2023.
Back on September 1st, which feels like about a decade ago, I did a premium post called Two Major Tech Gaps which highlighted INTC and AAPL as good bearish candidates. They both turned out great for my beloved paying subscribers, but AAPL in particular has been a sensation.
Here was the original idea. I want you to keep in mind how insane it was, on September 1st, to dare to offer up Apple, the biggest company on the planet, as a short-sale candidate. At the time, I was the only human on the planet stupid enough to suggest this, but that’s how I roll.
