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.
EBIX Kicking Into Action
Just by chance, I noticed one of my short positions starting to behave As God Intended:
DDM is my Countertrend Play
I have a lot of short positions right now, but:
(1) I am holding back on any large short positions based on the prospect of a push higher in equities; if and when that happens, I intend to get more aggressive than I've been in about a year on the short side;
(2) I don't want to be utterly left out in the cold if a push higher does occur. I really like OIH (which I pulled a day-trade profit from earlier today), but I'm concerned that it is already within spitting distance of its resistance level. I have instead acquired DDM, the ultra-bull Dow 30 ETF, as as countertrend play.
DDM will not entirely protect my short positions, because its effective position size is only about one-fifth of the size of my shorts, but something is better than nothing.
Harry Boxer’s Charts of the Day
Mao Zedung
It looks like faith in China's ability to save the entire world's economy is slipping quickly. Below is the FXP, the ultrashort on China. Take a look at the volume in particular.
