Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Sector Shorts: Banking

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Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors. Here is the next gallery, and as always, you can click on any thumbnail for a larger image. You can scroll left and right through the gallery.

Sector Shorts: Auto Manufacturing

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Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors. Here is the next gallery, and as always, you can click on any thumbnail for a larger image. You can scroll left and right through the gallery.

Sector Shorts: Technology

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Preface to all sector posts: I’m not going to dance around it: I am very short again. I have 99 different short positions and am aggressively positioned for the week ahead. I have gone through all my charts and have broken a portion of them into distinct sectors. Here is the next gallery, and as always, you can click on any thumbnail for a larger image. You can scroll left and right through the gallery.

Focus on the Semis

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Greetings, one and all, from another hotel suite, where it’s approaching 2 in the morning and I feel compelled to post a few charts. It’s what I do.

I am quite fixated these days on semiconductors, so I took a look at the components of the VanEck Vectors Semiconductor ETF, whose components can be seen here. I took a look at them all, and the gallery below has the ones I found the most interesting. I am, naturally, short in multiple ways this entire group.

EWY South Korea ETF, Proxy for Global Tech, Probing Key Support

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Many Street analysts consider the iShares South Korea ETF (EWY) as a proxy for the health of global technology, the semiconductor sector, the chip sector, and perhaps the retail electronics sector as well.

One look at my weekly chart of EWY shows that it has been in the grasp of a major correction or possibly even bear phase since its January all-time high at 79.07 into Tuesday’s low at 56.34, a near 30% decline.  This decline has retraced two-thirds of of the entire prior advance from the August 2015 low at 42.94 to the January 2018 high at 79.07. One could think that the ugly EWY performance reflected deteriorating relations with North Korea, but, ironically, relations have not been so promising since 1950! (more…)

Good for Your Health AND Your Portfolio

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Hey Gang! I’ll work out some kind of a standard format for my posts soon, but I would always like to present a trade together with a plan for the stop, profit, and target.

I don’t have a ton of time so here’s the trade.  Healthcare is the 2nd strongest sector determined by its bullish percent index rank (currently at 84% P&F buy signals).  It’s a simple, but effective way to rank sector strength.  The only stronger sector is utilities at 89% P&F buy signals.  If you’re not familiar with Point & Figure charting, it’s basically a way of taking time out of the chart and displaying only the price moves.  Being on a P&F buy signal means that the chart is making higher highs and higher lows.

I looked at the top 10 holdings for XLV and JNJ stood out for me as being in strong condition and a stone’s throw from its highs.  It is clearly making higher highs and higher lows within an established channel and has broken a short-term downtrend line.  Details are on the chart, but this trade risks approximately .50c to make $6. (more…)