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.
Shorting ILF (Latin America ETF)
JNK At Trendline’s Edge
I continue to hold my JNK short. I've tightened up my stop, but there is a chance the long-standing trendline since March will be violated. If it is, the drop in JNK – and equities in general – will be swift.
Drainage!
So far, so good. I'm playing it safe (understandably……….) and have taken profits on my TWM long, my QID long, and I've gone long /ES with a tight stop (this would be closed out no later than today's close).
I follow the energy markets closely, and I think crude oil topped out in the low 70s. This is going to help us.
Range
After a nice, swift fall, the equity markets seem completely mired at about -140 on the Dow. Fine with me! They can bloody well stay there all day if they like.
We're near the bottom of a range that's been grinding around the entire &#*%^(*#$)* month of August. Since I know God reads the blog daily, I'll just say breaking beneath this range is the Right Thing To Do. So get to it.
