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.

Seeking Exhaustion

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Recently, I'm starting to (finally) see some shorts bear the kind of fruit I expect, falling 15% in a single day. I've been seeking issues that have exploded many hundreds of percent over the past few months and seem ready to tumble back to earth. Here's an example from today:

0806-bgc

I really like trades like this, because the amount of gravity pulling them down is immense. In some instances, like DTG, it can be hazardous shorting too early, since you never know just how close to their breakdown point they will continue to climb.

Euro Watch

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I'm a little obsessed with the EUR/USD right now, because it pretty much will answer all the questions that are important to me: what will gold's direction be? Oil? Equities? I put a lot of value in the direction of this one chart.

Even though it broke above a resistance line, it's been noodling around that line every since, tap-dancing right on top of it.

0806-eur

A close look reveals just how important this line is.

0806-eurclose

Needless to say, it is a constant resident on one of my monitors.