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.

US Stock Market, Precious Metals and the Macro Backdrop

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US Stock Market

We will update global markets as well as the macro situation in NFTRH 486, but for this article I’d like to focus on the US stock market.

Let’s cut to the chase; the markets have finally fallen in line for those of us who manage markets, as opposed to dollar cost average into them through a money manager and then go about life, blissfully unaware. Much like during the 2015-2016 period, when the media were all but demanding investors go one way when the right way was the opposite (for example, we got bullish during the Brexit mini hysteria because sentiment, macro indicators and charts told us to) during the market top (that wasn’t).

But today the bliss is wearing off as the average person did not need to wait for his monthly statement to see that something went wrong with the up-melting market that was printing him money every month. Here is a look at the Google Trend for the search term “stock market crash”. Per Google’s computation method, the reading cannot go higher than 100. (more…)

You’ll Be Back

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I’m typing this late Friday night in the cool night air outside of a closed Starbucks. I never thought I’d appreciate a weekend as much as this one. No GLOBEX quotes. No government shutdown. No nothing. Just peace and quiet.

Let’s take a step back after this insane week and just drink in the basics of the ES activity for the past couple of months, which I have broken down into four simple tints:

es (more…)

Paradise Lost

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There are plenty of things I like about a market like the one we are in right now, which is one of unchecked pandemonium.

There’s the profits, of course. It’s really gratifying to see my assets grow so swiftly.

The vindication of being right feels good, naturally. Having virtually every single prediction unfold as reality so swiftly is like a tall drink of water in the desert compared to the past nine years. I have 73 different short positions, and every last one of them is in the green (some of them massively so).

And since my trading life is tied directly to my little business, I get “icing on the cake” by having subscriptions to Slope PLUS go roaring higher.

subsccriptions

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Wait For It

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In the soundtrack of my life, I’ve had songs from Hamilton occur with increasing frequency. One particular piece, Wait For It, resonates most clearly where I feel I am in my trading life. Specifically:

Death doesn’t discriminate
Between the sinners
And the saints
It takes and it takes and it takes

And we keep living anyway
We rise and we fall
And we break
And we make our mistakes

And if there’s a reason I’m still alive
When everyone who loves me has died
I’m willing to wait for it

I am the one thing in life I can control

I am inimitable
I am an original

I’m not falling behind or running late

I’m not standing still
I am lying in wait

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