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.
Here Are the Lotterys I Bought Today
……and their stops…….
BEE………….. 2.19
CMZ………….. 1.06
CSE…………… 3.92
DAC………….. 4.32
EK …………….4.60
GA…………. 7.18
HERO…………. 4.91
MGI………….. 2.70
MPEL………….. 6.69
OPXT…………. 2.82
Monthly EUR/USD
Looking at the somewhat bigger picture, it's evident that if the EUR/USD can hold beneath that red horizontal line, the odds are strong for a drop in equities; this is a monthly graph (I find it is sometimes helpful to get a much cruder granularity of data to rid your eyes of some of the noise).
General Strategy
I really like what Fujisan and VirginiaJim have been saying in the comments section. The notion is that we're going to have one final, final, final push higher over the next several weeks before we can really Laissez les Bon Temps Roulez.
Generally speaking I am:
- Keeping my individual short positions (tightening stops as needed)
- Going long GLD, GDX, and DIG (tight stops)
- Doing large day-trades as needed as we await what we all hope is the ultimate top (assuming it wasn't put in earlier this week already).
Banging our way up to 1120 or so on the S&P, and crossing that magical 10,000 mark on the Dow, would be an amazing bull trap. In the meantime, I'm going to try to bag some bullish profits in select areas. I'm even going to take one final look at my Wrecks watch list for any lottery plays.
Buying GDX
I've been feeling really hamstrung by my 401-k's suspension of the ability to permit ETF trading, and I've been trying to think of what it is I'd be willing to buy. I've decided on GDX with a stop at 41.86. Here's a minute bar graph.
