Well, this is what we've all been waiting for. This has been a great week so far. I'm looking forward to Friday. I'll do a post later tonight. Maybe I should go on vacation more often if this is what happens when I do.
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.
The Sweet Life
- Set up my positions and stops;
- Go skiing with my little girl;
- Come back to a crumbling market.
It really just doesn't get much better than this.
Long Ideas for Later
I am still seeing a ton of short opportunities. But I'm heading out for a while to ski, so this will be my last post for quite a while.
For those of you wondering if I've heard about the trader tax, yes, yes, yes, I have.
I've put together a list of attractive long positions, but I'm not buying these now. I'm not ready yet. But if we get a good wash-out, I like the looks of these. Again, I'm taking no action yet. Just watching closely for later.
Commodity Base Failure
I offer the below chart on DBA as an object lesson in the dangers of anticipating pattern completion. A person observing this chart on, say, February 6th, might have gone long DBA in a big way in anticipation of a completed inverted H&S pattern. But what happened? The shares just kept drifting lower, and yesterday they violated the low of the left shoulder, thus making a true inverted H&S impossible.
I have been short DBA for about a week and covered at a decent profit this morning. I say "decent" because this isn't exactly a volatile instrument. All the same, patterns don't count until they're complete. Just sayin'.
Affiliated Computer
I haven't been able to score any of this to short, but it's an interesting short play if you can find it.
