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.

Ratio Charts Tomorrow!

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I'm not much in the mood for talking about the Goldman Sachs Playground stock market, so I'll just toss off my final post of the day by telling you about a cool new ProphetCharts feature coming for Toolbox users tomorrow.

It's ratio charts. You will be able to, in parentheses, divide any symbol by another symbol and graph it. Here are a couple of examples:

Just to be clear, this will be deployed tomorrow afternoon for users of the Investor Toolbox. Those using ProphetCharts in ThinkOrSwim and in Prophet.net will get this feature within the next couple of weeks.

See you Wednesday. Let's hope for a better day.

Upside Risk

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The fact that the /ES didn't break 875 is bad news for the bears. Period.

The above is a pretty damned bullish chart, as much as I hate to say it. The "upside risk" seems pretty substantial to me, as I look through my general index charts.

This market is going to keep climbing higher until some powerful exogenous reason appears to sell it down hard (a general earnings collapse, a surprise attack, or God-knows-what-else). Today's very strong volume is pretty bad news for the bears too, I would say. For my own positions, I have beat a hasty retreat on the short side and have a small long position on the /ES to try to balance things out. I am in a very defensive stance right now.

The TBT March Continues

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In spite of all the ongoing lunacy and manipulation, it seems one truth that seems to be recognized is that the United States is, ummm, really not going to be able to pay all these trillions of dollars of debt off. So the TBT keeps marching higher. The next big test is whether it can fully close the gap at 55.70

Thank you, TBT, for providing a bright spot in an otherwise very grim day!

How the Pros Do It

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As a salve for all the frustration we Slopers are experiencing, I'll share with you a little article I tore out of Barron's this weekend.

Apparently, once a year, the hot-shot hedge fund managers reveal one or two of their best ideas to the public. Here are how some of the greatest minds on Wall Street did last year……..

 So we've got a recommendation to buy FRE at 25.73, buy C at 21.12, buy AIB at 41.29, and so on. Many of these ideas lost over 50%, with some of them losing over 90%.

The only good recommendation was a short (naturally) from David Einhorn of Greenlight Capital. He suggested shorting LEH at 36.11, which fell 99.8% (in typical Barron's style, they don't bother showing what the return on this would be, instead simply showing the nominal percentage change, which is profoundly misleading given the fact it was, umm, a short. But that's Barron's for ya).

Anyway, as you can see, even the big boys have it rough (unless they're so big that they basically wind up running the market, like our dear friends at GS).