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.

Nine Lives

By -

On my tastytrade show today, I compared the current market to being like Michael Jordan shooting free throws in a basketball court while Jerome Powell had five huge fans aimed at the net.

You’ve got a man (Michael Jordan) with world-class skills (throwing a basketball), but he barely ever makes the basket because someone (Powell) is introducing a totally alien and unnatural outside force (the multiple powerful fans) into the system.

That’s just how trading feels now. If this was a true organic market, I would convert every asset I have into short positions. The setups are incredible. But that son-of-a-bitch Powell is there, a man who’s never had an honest job in his life, completely destroying free enterprise with his multi-trillion dollar interference. It’s grotesque, and in a different time, the man would be facing the gallows.

In spite of this, I continue to ramp up my short positions. I have 90 now. Almost every one is profitable and I’ve selected the top nine most profitable for this collection. It turns out most of these are bank-related, so maybe there’s something to be said for that. In any case, here are my top winners right now:

(more…)

Phase 0

By -

If there’s one small thing that could have been pointed to as a plausible, albeit small, success story over the past 3.5 year political nightmare, it was the U.S./China trade deal. There was nothing epic about it, to be sure. The bluster surrounding it dwarfed the reality of the soybean-buying, purchase-promising pages, but it was a small success nonetheless.

Well, that lilliputian victory has been zeroed out as well

war
(more…)

Thank You, Leonardo!

By -

There’s just no two ways about it. Absolutely extraordinary.

In my epiphanic post from March 21st, I stated, in part, “Should we rally to 270.14, either now, or many weeks from now, that’s going to be a lead wall. It also, I believe, will mark the start of an even larger selloff.“

Well, we did indeed rally, thanks to the impotent and treasonous Jerome Powell and even more evil Steve Mnuchin throwing trillions of dollars at our dying nation, but we didn’t even reach my target. Instead, it nailed – – and I mean NAILED – – the Fibonacci level. Just jaw-dropping. I’ve marked with an arrow my “epiphanic” target.

(more…)

Liberation Day

By -

Today is the last day of the quarter. For me, who manages a small hedge fund, that is terribly exciting, because I don’t have to wring my hands with worry about guarding my Q1 results. I’ve got an amazing quarter under my belt, and, frankly, I don’t have to worry about messing it up. I feel far, far more enthusiastic about getting aggressive by day’s end than I did even yesterday.

And what a quarter it has been. Surely in the long history of United States financial markets, if this isn’t the most amazing quarter in that entire span, surely it ranks in the top four. What I’ve had the privilege of enjoying just this month includes:

  • Some of the best trading of my life;
  • Far and away the biggest surge of subscribers ever, in the midst of celebrating Slope’s 15th birthday;
  • Some amazing product/feature breakthroughs on the site.

And we’re only one-forth of the way into the year!

(more…)