A couple of my more successful short positions this week have been in the shipping sector. Below are Federal Express and United Parcel Service:(more…)
Slope of Hope Blog Posts
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Marijuana stocks are among our top charts to watch today.
Aurora Cannabis Inc. (ACB) rose 8 cents to $8.96 on 21.3 million shares Wednesday. Bank of America Merrill Lynch named the company as one of three marijuana stocks to buy. The stock, after sharp year-to-date gains, has been consolidating in recent weeks, but may be on the verge of its next leg up with cannabis stocks in general. Next target is around $10.50, above its March high.
Just about the only corner of the equity world in which stocks are weak – – healthcare – – continues to sink, with Cigna as today’s example.
For whatever reason, the health care sector is not taking place in the bull orgy that every other sector is. This is the XLV:(more…)
Now that the semiconductor index has vaulted to highs never seen before:(more…)
Time to short the airlines, which have topping patterns galore:(more…)
The good performance of Micron (MU) as one of my shorts got me to thinking……(more…)