Following up from a long idea posted a couple of weeks ago, Affirm (AFRM) continues to thrust off its rounded bottom. In any other context, I think the prior sentence would get me in some serious trouble.
Affirmative, Captain
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.
Not-So-Fine Dining
As a follow up to my idea three weeks ago to short Dine Brands (symbol DIN), I offer you this update:
Utility Recap
Maybe I should just stop trading anything but the Utilities, since I seem to get along best with that particular financial instrument. Let’s take a look at some recent activity with the Dow 15 ETF..….
Bi-Directional Screw-Up?
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.
Reflecting on Utilities
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.
