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.
More on Metals
Compared to the past three weeks, today feels like a crashing bore. Well, “crashing” probably isn’t the right word for a market that has been going straight up since the opening bell, predicated on the fact that Trump is supposed to………speak! So, I’m sure we’re all quite excited to hear more truthiness.
In the meanwhile, I wanted to share some charts of XME, the metals/mining ETF which I think has a very appealing risk/reward ratio as a short position.
Here it is with the RSI, which is quite elevated:
That’s Pep!
My biggest non-ETF equity short is the most boring-sounding: Pepsi Corporation (PEP). It’s actually a honey of a pattern, however, having hammered out a beautiful and massive rounded top spanning nearly half a decade (!).
Shake ‘n’ Bake
Since the latest lies and B.S. from the White House sent stocks into the stratosphere, I have spent the morning (checks notes………) shorting like a sumbitch. The cool thing is that, as I’m typing this, the /ES and /NQ are up hundreds of points, and my 100% short portfolio is UP. Take THAT, Bessent! You’re my Power Bottom now, baby!
The Uncommitted (1 of 2)
I have twenty-seven stocks in my Bear Pen in which I have no position but still merit a place as potential short-sales. I have zoomed in to the most interesting portion of each issue. Here is the first half:
