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.
Well, that stunk! We went from busting above 821 (exciting the bulls), plunging 35 points within just a couple of hours (exciting the bears), and then – – with the generous help of our good friends the PPT – – soaring 25 points in the span of an hour. I imagine pretty much everyone is ticked off at this point. I know I am.
I'm inclined to wonder if the sell-off was the market tipping its hand. The green area above is vintage PPT.
I've had quite enough of charts for now, thank you very much. Back to the slope (the one with snow, not this one), and back to clearing my mind!
New SHORTS with corresponding STOPS. I have now earned an even higher place in heaven. Blessed be Slopers.
The S&P (here, the /ES) is just wild. Earlier we were up 150 on the Dow, then we were down 40. My own portfolio went from down $35k to up $35k in the span of two hours.
This market requires nerves (or any other body element you choose to name) of steel.
I was originally going to title this post "Taking a Dump", but less sophomoric angels prevailed.
I have been trimming some longs, particularly in the energy area where I've got 20-25% gains over the past week or so.
Keeping up in this market is very tough! But my post earlier today about the failed breakout" pretty much nailed the top within a few minutes. Not that I knew it at the time, of course…………