Just to try to provide a little balance, here are a few long-term charts which have been remarkably stable, even in the face of what’s transpired so far this year.
Long-Term Bullish Charts
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.
Golden Mattress
A very simple one chart post, with no commentary, on the support zones in GLD. I bought some GLD fresh this morning and have set a stop-loss price of 183.95 (entry level: 185.75).
Out-Flipping-Standing
The mornings are always the toughest.
I’ve got no problem standing here, waiting for the seconds to tick down to some big event, like an FOMC announcement. I’ve got no worries managing these gazillions of positions hour by hour. But, waking up at 4 in the morning, looking into the darkness, I have no idea what I’m going to face. Especially these days. Is there peace? War? Has a nuclear bomb exploded? What’s going to face me when I flick on that very first screen and see what the day is going to be like?
That, then, is the toughest. But by 5 a.m., I tell myself, well, bucko, time to face the music. Get yer ass outta bed, get downstairs, and flick that screen on.
(more…)Jeans
Months ago, I suggested shorting label king Avery, and five weeks ago, I followed up (see arrow) to state the short was going well and it was about to get better.
HARD ABOUT!
I didn’t wake up this morning planning to do a thing, but over the course of the first couple of trading hours today, I have done a MAJOR SHIFT. It was signaled rather strongly when I wrote this:
(more…)Although there’s hardly a single instance of profit-taking this year that I have not regretted, I have been taking some profits today. I am down to 28 bearish positions in my main account, and I am at 30% cash, which is higher than it’s been in a very long time. Again, I’ve been just straight-up stupid with my profit-taking in 2022, but I wanted to at least make plain I’ve taken the foot off the gas pedal some with the hope (perhaps misplaced) of better entry prices to get aggressive again.
