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.

The Positions

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OK, I’ve been quite busy with buys ‘n’ sells over the past 48 hours, but the dust has settled. In a nutshell, I am bullish short-term and bearish long-term. I have a ton of cash undeployed, but here are my live positions now:

Micron (MU) bearish via Sep $80 puts
Semiconductors (SMH) bearish via Aug $250 puts
Brazil (EWZ) bearish via Sep $43 puts
Consumer Discretionary (XLY) bearish via Sep $175 puts

Precious Metals Miners (GDX) bullish via June 25 $34 calls
Materials (XLB) bullish via July $80 calls

NO CRYPTO POSITIONS AT ALL! (Got scared last night, thank God)

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Buy & Sell

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I guess all the cute little “hey, Tim, that’s all the weakness the market is going to give you” yesterday from Slopers was wrong. I’ve had a great week, with triple-digit % gains in some options. Yay! Nice to see bulls losing money. It warms my heart. It’s kind of shocking how little support I get from most people here, but I suppose almost every human is bullish by nature, so I shouldn’t be surprised. Almost no one on the planet is a true bear. Just me and Baby Bear.

Believe it or not, I actually do have one LONG idea to share; I’ve bought calls on this for a bounce:

xlbbuy
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The Squeeze

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As a reminder to those of you interested in cryptocurrencies, Slope has the best crypto charts around in SlopeCharts, the latest news, as well as real-time streaming crypto portfolios. And we’re working on more features.

Yesterday, Sunday, I decided to re-enter my two favorite crypto charts, Algorand ($ALGO) and Cosmos ($ATOM). What we’re facing now is a key decision point. Looking at the short-term ALGO chart, we need to push past the red horizontal. If we can do that, we’ve got an excellent chance for a truly substantial move higher. It’s the range into which we’ve been boxed (everywhere!) that matters.

slopechart ALGO
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