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.

General Strategy

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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.

Top of the Mornin’

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Well, it seems my oft-repeated range of 1050-to-1070, now broken, is now doing its job as resistance at 1050. I did some night trades based on that resistance, and they worked out well. As it stands now, this is our helpful line in the sand for the day.


I must say, it feels good to be dealing with a market that is making sense again. Do I mean by "making sense" simply "making profits"? No! In a market which makes sense, I can lose money but at least recognize my errors. So much of this rally has been befuddling to me that it is both a frustration and a confidence-killer. Patterns, support, and resistance are starting to rule the roost again.