One of the few positions of mine today that’s actually managing to be down on this super-green day is Merck, against which I own September $100 puts. It’s all up to that price gap.
Drug Gap
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.
Taking on the World
I’m a big fan of gaps, and I’d like to draw your attention toward the ETF dedicated to worldwide equities outside of North America: EFA. I just shorted a block of this with a stop at 83.55. The island reversal gap (that trio of bars above the dashed red line) is the basis for my trade.
I’m Too SOXL For My Shirt
Oh my GOD. Can you believe the gorgeousness of this gap-close? Down 50% in just a couple of weeks!
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Global Demolition
Well, this pisses me off.
I was puzzled mightily at EFA’s strength last week, with the worldwide equity ETF hitting LIFETIME HIGHS on Friday. It made zero sense. None. Zilch. Today, however, it is acting properly, and it has completed an island reversal gap. This sucker is doomed, but now I feel like I’ve missed the boat. So……….poo!
Broadcom Gap Seal!
Another reason to be bullish short-term.
