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 Non-Empty X-Longs
My premium users have always had access to my published watchlists, and two of them show which positions I am long (X-Longs) and short (X-Shorts). The latter one is always chock full of goodness, but the former one usually has tumbleweeds blowing through it and the distant sound of crows cawing. Now, for the first time since Mamie Eisenhower was touring the U.S., it actually has a symbol: TLT. These are, of course, the bonds, and in spite of the risk of “catching a falling knife“, I’m giving this one a shot.
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Bull Sheets
The Break to Avoid
Today feels like a miniature version of last Thursday. That is to say, an hour before the open, a lot of excitement about what a great day it was going to be for the bears, and then well into the trading day, it pretty much sucks out loud. As I’m typing this, the /ES experienced nearly a ONE HUNDRED POINT reversal, and the /NQ is up triple digits. I remain at 25% cash and in 25 positions, and overall the day is kind of a pisser.
For the moment, the /ES is still just banging out a steady series of lower highs. This could break at any moment, however. I mean, Good Lord, all it took this morning to rip the /ES was a RUMOR that the Fed might slightly lower the PACE of interest rate increases next year. B.F.D.! Is that considered fantastic news?!?!
Major Trend Support?
I’ve been too burned by gold too many times to touch it, but I will share that it got close to its long-term trendline and seems to have found some strength.
