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.
Based on the graph below, I would simply say:
- A down day tomorrow – even a modest one – would be very good news for the bears in light of the last two back-to-back major up days;
- A cross beneath 1020 on the $SPX would completely seal the deal;
- The penetration – and retracement toward the underside – of the $SPX vis a vis its trendline (which dates back to the March low) is, to me, a thing of beauty.
For a 134 point up day on the Dow, that was actually pretty fun!
Another fruitless effort on my part to combat the notion this is a "Bear Only" blog – here's a stock I've mentioned before as a really beautiful long position – symbol BBEP. I own it.
Opened and closed today; not saying the $RUT isn't going lower, but wanted to bag a quickie. Check it out:
My intent – plainly expressed last week – to use this week as an opportunity to get serious about my short positions has begun. I have, until today, been quite light on the short side. I am in awe of how weak-willed people have become in the face of market strength, but we're all responsible for our own trading, aren't we?