Below are nine charts which have received little or no attention on Slope (some being entirely new here). They all have intriguing bearish setups, and I’m in position on nearly all of them.
New in Town
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.
Time for a Bath
I respectfully suggest taking a bearish position on Bath & Body Works (BBWI). I have done so today, with a stop-loss at $25.
Lovelorn Shorts One
Below are the positions in one of my two “all shorts” portfolios. As always, click on any chart for a much bigger version, and note that dashed red line represents my stop-loss price.
Broadcom’s top is just dynamite, and I hope it completes. It needs to break beneath the pink zone.
Put Put Golf
I have put options on all the charts below – all of them with a June expiration, except for RKLB, which is way out into next January. The biggest winner right now, by far, is UBER, with almost a 70% profit. As the expiration date suggests, I have bigger hopes for these trades. I have zoomed in on the most relevant portions of recent price history.
Shop Happens!
If I hadn’t been so distracted with the 28 positions I’m already managing, I would have loved to have shorted SHOP this morning. Check out this chart: after earnings, it ripped higher, but the moment real trading started, it was off to the woodshed. Can you IMAGINE the poor souls who owned puts and dumped them the instant the market opened only to see them explode higher in value??? It went from a huge gain for SHOP to an enormous loss.
