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.

Economic Pi Cycle

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This is ridiculous. It's something like my 4th post over the long Easter weekend. Anyway.

I read with great interest an article about Martin Armstrong's Economic Pi Cycle.  I am always seeking an orderly framework to understand disorderly-looking markets, so this was terribly alluring to me in its simple elegance.

A cursory comparison of the key dates versus the S&P 500 yields mixed results. Some of the dates presented are uncanny (October 18, 1987; November 6, 2002; February 24, 2007, to name a few) whereas others seem to hold no meaning.

I was particularly drawn to understanding this since the latest "turning point" is this weekend! Supposedly this indicates a bottom or top in the market.

I'm a little disappointed the "hit rate" isn't better for these dates. I'd be interested in hearing thoughts from others.

Whoa, NLY!

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One person in the comments tossed out a bunch of symbols (about 150), so I decided to check 'em out.

I'm only a tiny bit through the list, but I took a look at one, symbol NLY, that I had never seen or heard of before. But this graph is something! It's very well traded (tens of millions of shares a day recently), is optionable (with a not-great, but not terrible bid/ask spread) and looks like it's just about finished a monster of a retracement.

I can't believe I had never seen this one before. Slope readers, I think 90% of the value of this blog is from reading the comments, and I appreciate everyone's willingness to share their thoughts and ideas. It's a true community.

Calls of the Wild

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What a week. I'm ready for a break. So this is going to be short.

I know some will consider me a traitor to the cause, but I assure you, my bullish outfit is (a) temporary and (b) not complete. I've still got a variety of puts, mostly in oil-related items. But I've accumulated a lot of calls today, since I think we could be nice for a nice-sized bounce.

I will note at this point I have no index positions of any kind, either bullish or bearish. I am too uncertain about the near-term direction of indexes to take any position.

However, as a change of pace, here are the items on which I bought calls today.

Happy Easter, everyone…………..I imagine I'll be quiet until Monday. Bye!