It might have another point or two to climb still, but I love this chart as a short.
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.
TBT
The bearish-on-bond security TBT is having a good day, and I've increased my long position substantially.
I held my nose and bought /ES a little earlier today, since it's evident to me that any earlier weakness was tamped out. If we do have some OPEX lunacy into today's close, I'd at least like to profit from it for a change.
Mmmmm BAP
Today I'll probably just toss out ideas here and there to keep the flow going. Here's one for now – BAP as a short, with a stop price at 51.14
Boyle-Mania
I am buried with emails about the Susan Boyle performance, so I might as well post it here. I usually embed these videos, but YouTube isn't allowing it with these. Anyway, it's very inspiring, so here it is. So you can stop emailing me now 🙂
OIH Dump
I was watching OIH very, very closely this morning, and even though technically it was a breakout, I decided to get out of the position.
Why did I do this? I don't normally just throw my arms up when nothing is technically wrong. The reason is because too much of what I was seeing resembled a false breakout. If we were in a market that was pretty near recent lows, I would be very excited about OIH, because it has most of the markings of a fantastic position. It's under $90 now, but if the stock market in general looked like it did early in March, I think OIH would have the potential to move to $125 without missing a beat.
But we're not in early March. We're in the second half of April, and the market has had one of the hugest countertrend rallies in recorded history. This isn't the time to be taking on big new long positions. In point of fact, I am focusing on my current longs now to see where I can trim.
I have beefed up my /ES short to 20 contracts.
