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.
The Dow Jones Utility Index of 15 stocks doesn’t get much love, but it should. It’s actually had a long history of very interesting patterns, with particularly success in rounded tops leading to nice drops. Over decades, the $UTIL has topped and dropped repeatedly, with the 2007 top being one of the most superb (perfect, actually) head and shoulders patterns among the literally millions of charts I have examined over the years.
Given oil’s tremendous strength, the ETF dedicated to energy, XLE, has rebounded mightily. I have entered a new position with a tight stop (the price gap highlighted below).
As cautious as I am these days, there are some setups which are too compelling to ignore. Two of these are closely related: Dollar General (DG) and Dollar Tree (DLTR), each of which are respectively shown below.
From time to time, I’ve mentioned Smuckers (SJM) as a short idea, although it was never that appealing since, let’s face it, the valuation of a jelly and jam company isn’t going to be as crazy as, let’s say, Palantir. In any case, SJM is getting hit hard this morning, down about 15%, showing that, jam or no jam, a good pattern should be respected.
Children’s Place (PLCE) has been an occasional subject here on Slope. It sure took its sweet time, but it seems to have reached its long-predicted demise, since it has gone from about $150 to almost zilch.
