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.
Chicken!
Well, here's one of my three little chicks, celebrating this wonderful morning with me. This one is named Alice (as in Alice Waters):
My chicken-like decision to close my FXP and SKF longs turns out to be good so far. I am continuing to go through my positions, trimming very slightly here and there.
Ironically Quiet Morning Ahead
Slopers,
I'm going to be uncharacteristically quiet this morning. This is one of those nice lunges that we all live for, and I'll be going through all my positions and tightening up my stops.
I will note that I've taken a few very large positions off the table – – my /ES short, my GLD short, and my FXP long (huzzah!!). I do think we may be at a very nice place to take some short-term profits all the table, but the market is finally starting to get shaken in a way that will give our bullish friends some pause.
In any case, this is a good time to carefully evaluate positions. I notice JNK has had a smashing shattering of its trendline, which is terrific. Anyway, I'm going to be quite busy, so tawk amongst yerselves
Fib Arcs on S&P 500
Well, it's coming up on 1 in the morning, and the /ES is down 14 and the /NQ is down 20. It brings back such fond memories of last winter!
I usually don't have much success with Fib Arcs, but this one looks really intriguing.
And, with that, I'm going to bed, and I'm looking forward to a good Monday.
