It’s a good day so far, in spite of the clowns in D.C. propping this circus tent up. I’ve got 60 shorts, 100% of which are profitable. Here are a couple of H&S patterns I talked about a week or two ago, and they’re doing great.
H&S Success
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.
What Sorcery Is This?
Huawei? No Way!
I was indeed puzzled on Sunday afternoon when the ES and NQ opened up nice and green. With the trade “deal” completely mucked up – – I’m talking Trump Steaks, Trump University, Trump Airlines level mucked up – – I assumed we’d just keep grinding lower. But, nope, everything bright green.
I need to stop worrying about such trifles. Overnight action seems to be deliberately misleading these days. It’s quite evident the path we’re on. Suffice it to say that the colors have changed.
That’ll Do, Pig
Today was by far my best day of 2019, thanks to Trump urinating all over the faces of the Chinese. That’ll go over well, I’m sure. Anyway, now that the China/US bridge is burned beyond recognition, things are getting interesting again. Below I’ve marked some potential bounce levels for a few cash indexes. I am still very short – 75 glorious positions – but, for obvious reasons, paranoia courses through my veins, although at this point the man’s mucked it up so bad I’m not sure how he’s going to un-paint himself out of this corner. Anyway, I’ve said a few words in the caption area.
Fluor Power
The big winner of the day, the oft-mentioned short Fluor, and another bold victory for SlopeCharts. I have covered for a 30%+ profit.
