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.
Russell 2000 at Very Strong Support
It's an hour before the close. The $RUT is at very formidable support. I am perhaps going to take some index profits at these levels.
Taking Carefully Selected Profits
There are instances when a chart has fulfilled 90% of its potential, and to be on the safe side, I like to take profits. Take FLR as an example, which I closed about 15 seconds ago.
Could it go lower? Sure. But I'm up over 100% on the puts I bought on this, and the risk/reward is way too out of kilter for me to be comfortable. Look at how similar the recent activity is compared to the last time it bounced. So I'd rather cash out and risk being wrong by a buck or two. I'd suggest you consider doing the same when you examine your own positions.
Hand Over Fist
The profits in my account are pretty mind-boggling today. With 1261 broken and commodities continuing to churn down, it's a green machine. I hope everyone is doing well; the readers on this blog tend to be bearish, so I think Slopers are having a dynamite day; congratulations!
Well. That’s That…..
Let's look at what happened last time an area of consolidation was finally broken down and compare it to the most recent instance.
