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.

Good for Your Health AND Your Portfolio

By -

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…)

Pot Pop

By -

On University Avenue, in downtown Palo Alto, a store opened up about a year ago called David’s Tea. As much as I like tea (particularly a chai latte), I’ve never walked into the place. It looks like a makeup store to me.

In any case, I had no idea they were public, but apparently they are with the ticker DTEA. Here is their chart’s recent history. As you can see, something rather unusual happened recently.

(more…)

The Joy of SOX

By -

As you know, I don’t tend to be bullish on……..anything……..but I’m going to make an exception for the Slope of Hope. Judging from the load on our server farm, we’re definitely getting popular:

I wanted to highlight the semiconductor sector, where I’ve got a few successful shorts. This index has been sailing smoothly. Yes, we’ve had a dip recently, but if past history is any guide, this is about as long as we “should” go. (more…)

Do NOT follow this link or you will be banned from the site!