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.
Crummy Stock Lift-Off
Some might interpret this as a bearish sign, but even the crappiest of stocks are rising now (and I own 39 of them). Here are a couple of examples from my high-flying IRA portfolio (as opposed to be quickly-sinking all-bearish personal portfolio).
Weird So Far
It's been a really weird morning so far. In a way, it's been terribly rough. I have been blown out of many put positions (naturally), but I'm still up pretty nicely for the day across all my accounts, particularly my high-flying IRA account.
I have some serious catching-up to do with charts, so no new ideas for the moment. I will say as an aside that a final run-up late today would be pretty cool, since I think that would present some good shorting opportunities at good prices.
Buying SRS
Stop price=40.82
Commodities and NQ
My "safe bet" these days is commodities – – more specifically, DBC. The basing and volume action on this has been terrific, and I've got a nice, clean stop at 19.38. This is far and away my largest position, and I have it in a couple of different accounts. I also know I'm not going to wake up one morning and find out that wheat, oats, and crude oil have all been cooking the books all these years. They're commodities. They are real.
As for bullishness on equities in general, I'll feel a lot more confident if and when we can get a breakout on the /NQ above 1286.50. If we can do that, I think it's off to the races.
