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.

For Every Season, Trim, Trim, Trim……..

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I came this close to placing a buy on RUT puts a few minutes into the open, but I literally said – out loud – "don't do a THING!" It was almost like someone came into the room with a pistol and said "move your hand away from the mouse!" So I will do whatever it takes to obey my 30 minute rule, even if it means talking to myself.

I am continuing to trim positions I think have been "fully fulfilled", particularly those in the metals area. There are some issues that I think have big potential downward dollar moves ahead. Below is one, and I've got a stop set at 227.10.

Jobs

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Well, the unemployment numbers came out moments ago, and judging from the sudden plunge in @es0809 and @nq0809, it looks like a pretty sharp gap down. I confess I was hoping for a push back to 1261 to reload those index puts, but the market has a peculiar habit of not necessarily obeying what one individual demands of it.

It's going to be another interesting day.

This is Our Market Now

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This is my 8th post today. Enough is enough. I'm just here to say toodles until tomorrow morning.

It was (another) fantastic day. I'm not sure, but I think it was my best percentage gain ever in one day. I am very proud of nailing the low on the indexes today. I will be disappointed, of course, if we gap way lower tomorrow based on the unemployment figures, but at this point, I'm more inclined to wait for a bounce back to former support (now resistance) at 1261 on the S&P 500.

In any case, hearty congratulations to all of us bears out there. God knows we deserve it.

Since, lacking my charts, you probably don't have much to do, spend the next ten minutes watching this brilliant improvisation by Gilbert Gottfried. It's marvelous, although slightly NSFW.