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.

Be Wary

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As pleased as I am with this morning's quick, modest drop, I have a healthy dose of skepticism and paranoia. I covered my big GLD short early this morning at $97.70 – – I must say, given that GDX and $XAU were down about 4%, GLD's not-even-1% drop was kind of disappointing. All the same, it's a nice profit.

The /ES trendline in the short-term has been broken, which is great – – and it has crawled its way back underneath it. I imagine the brakes will be on trading to some degree until Wednesday's FOMC announcement. I just hope we don't have a repeat of last Monday's bear tease.


Summer’s End

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I'm in a cheerful mood today for a couple of reasons:

  1. It's the end of a summer, a season I absolutely despise. Everything bad that's ever happened to me in my life has always happened in the summer. I hate the sun. I hate the vacation. I hate everything about it. I am the Grinch of Summer. Fall, on the other hand, I embrace with zeal.
  2. I'm having a fantastic day in the markets.

Here are a bunch of new shorts I just entered, with their stop prices:

AINV 10.61   

AIPC 32.47   

ARM  9.30   

ASH  44.76   

AXP  36.51   

BCS  25.69   

BX   15.31   

CAT  55.73   

CL   76.65   

CMI  48.63   

COH  37.45   

CSIQ 18.51   

CVH  24.85   

DD  34.51    

DOW 26.80    

ETN   62.24  

FCX 72.97    

FDX  80.02   

FII  27.32  

FLR 56.87   

GEF  56.01   

GT 18.80     

ICON  17.85  

IGT  23.31  

JPM  45.35   

KLAC 35.84   

LUV 10.21    

NFX  46.63   

STP  17.68   

UPS  59.64   

WLP  55.74   

YUM 36.17