My kind of day……..
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.
A Shorting Gem
Signet Jewelers’s [SIG] V-recovery was most impressive, altho it missed the high-water mark. On this weekly chart, price is now in a bearish rising wedge. Falling down out of the wedge is the shorting trigger. Negating this shorting op is if price breaches resistance of the dashed red and solid blue line.
Weiner, Weiner, Chicken Deiner
Today feels about a thousand times nicer than yesterday. Here are some choice shorts that are making this day profitable:
Morning Vengeance
My, shall we say, mixed feelings with respect to precious metals found a way to express itself late yesterday as I entered a very large short position against GDX (almost as big as my original PALL position). It’s heartening to see this going the right way.
All Most Done
I’ll start off with a simple fact: on an intraday basis, today was the highest price level in the history of the Milky Way Galaxy on almost every major index. Also, today my entire portfolio was 25 short positions, and of those, 19 closed down and 6 closed up. Added to which, some of the downs were much meatier than the ups, the largest of which was 1.59% (versus -6.05% for the biggest down). The point I am trying to make is that carefully-selected charts can sometimes defy the market.
