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.
Pier-less Pattern
I’ve touted Pier One many times as a short idea (recently, here) since the analog was so breathtakingly good. May I present to you an update of my goofy idea:
Mmm Mmm Good
Just one more day until FOMC, folks! Exciting, isn’t it?
Having gone from 100 shorts to 37 (and intending to cut further before Janet), and actually having a couple of large long positions, it’s far less distressing to see ES and NQ up so strongly. I didn’t chop shorts arbitrarily; I tried to keep those whose charts looked so outstanding, I wanted to hang on to them, maybe even though FOMC. One of them, 3M, is doing good things this morning pre-market. It’s one of my largest remaining positions, and apparently things aren’t going so hot in the land of Scotch tape and Post-It Notes. Here’s a short-term chart as well as an arrow indicating pre-market trading.
