This evening, I got my latest Short-Term Update from Elliott Wave International, and this graph jumped out at me:
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.
Key Gap Levels of Major Indexes
Let’s Put It This Way…….
I have a couple of short ideas which are interesting options opportunities as well (by way of a long put positions). There are a couple of reasons I mention options, which I normally don’t do: (1) both of these stocks have lofty triple-digit price values, which gives them a lot of “juice” in raw dollar terms to the downside (2) the price for volatility is relatively low these days.
In other words, I wouldn’t dare put up a post suggesting put options on a day like, say, February 11th, when the VIX was in the 30s (it’s about half that value now).
Anyway, here they are – Baidu and Amazon; I’ve tinted the gaps for each.
