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.

Hedging The Most Actively Traded ETFs

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Hedging The Most Actively-Traded ETFs

Fellow Slopers,

In this post we’ll look at the costs of hedging the most actively-traded ETFs, but first, a quick update on an old post.  A couple of years ago on Slope (“A Nano Cap Bargain“), I mentioned I had purchased a few shares of nano cap mobile phone accessory maker, Wireless Xccessories Group (WIRX). Shares of WIRX were up significantly this week, after the company announced sizeable revenue gains. As I noted in my post a couple of years ago, it’s a thinly-traded OTC stock, with all the risks that implies, so caution is warranted. Now onto the most actively-traded ETFs. (more…)

CVX… Going Down?

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I’ve recently posted my thoughts on XOM, the largest stock in the world and largest component of the S&P 500 but here’s another behemoth which is sure to have an impact on the broad market, assuming these patterns play out.  CVX (Chevron Corp) is currently the 4th largest component in the S&P 500 so I’ve put together a series of charts, complete with annotations, starting with the daily time frame and zooming all the way out to a 28 year, monthly period chart. By my interpretation, these charts look bearish on all time frames but in the short-term (i.e.-daily chart), I can easily see a little more upside in CVX in order to backtest the recently broken uptrend line.  That may or may not happen & if so, the upside should be limited.

Wednesday Musings

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ES made good progress yesterday and made and exceeded my first upside target.We have now reached a level where we may see a big reversal to complete the possible H&S forming on the SPX chart. Will we see that reversal? I don’t know yet, but we are starting to see a significant reversal signaled by strong negative divergence on the 60min RSI. If rising support from the last low breaks, and that’s now in the 1555 ES area, then I’ll be looking for a retest of last week’s low to complete that H&S:

130424 ES 60min Trendlines and RSI (more…)