Tip o' the hat to Wershovenist Pig for noticing yet another "contrary cover" phenomenon, shown below. This only strengthens my convention that we're going to have a blast.
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.
Overnight Success
I'm starting to like this market as much as I detested it just weeks ago. Things are starting to feel tradeable again.
Last night was a good example. I spent the day loading myself to the teeth with new short positions. Afterward, instead of hedging myself, I thought there was an opportunity to make even more with an overnight /ES position, since there seemed to be a very clean line of resistance at about 990, so I shorted 21 /ES at 988. How pleased I was to amble downstairs this morning and see the area tinted in blue:
I lightened up by 8 contracts but otherwise am holding fast. We are, I would mention, entering kind of an interesting zone at this point. Take note of the prior tinted area, as well as the current one.
Good luck today! The opening bell just rang, and I'm up over 1.2% on the bottom line right from the get-go, so this could be another good one.
