Just a few days ago, I did a post for my Gold and Diamond subscribers called Broken Axle, in which I pointed out the powerfully bearish pattern exhibited by American Axle and Manufacturing (I have unprotected the page so everyone can see the original post). Here’s what it looked like:
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.
Well, I Was CLOSE!
Yesterday afternoon, I declared 7000 as the ‘magic number’ for the NQ. After Facebook’s report, the NQ surged, and we actually exceeded by target by 0.5%. Surely you’ll allow me that much leeway. Suffice it to say, I was shorting like a sonofabitch in the final half hour. I’ve DOUBLED my exposure.
Stock-Picking Follow-Up
I’ve been describing this as a “stock picker’s” market recently. Allow me to show a very specific example. Or, should I say, ten examples.
Back on September 15th, I did a premium-only post called Sector Focus: Manufacturers. I have changed the post so that everyone can see it now. I had ten specific short ideas. One of them – ARRS (its symbol changed to AIR, apparently) went up a little, so that was a loser. But most of them did great, including one, MHK, which was down almost 40%. Keep in mind, this is in just over a month.
Overall, the drop was 17.21% even with the dud, which is over TWICE as big a drop as the S&P 500. So……….that’s what I’m talkin’ about!
Delta Delta Delta
Last Tuesday, October 16th (which feels like, oh, about half a year ago), the market bounced mightily from the first phase of its selloff. I proposed four potential outcomes, which I named Alpha, Bravo, Charlie, and Delta. Delta, the last one described, was the most bearish, and I projected it like this:
Smackdown Indeed
Tip of the hat to MoneyMiser21 for this post about shorting WWE. It’s been a gem. And, unlike wrestling, my gratitude (and profits) are not fake!
