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.
Back by special request I have just finished a SPY Recap for Friday April 1st … Its a little different (and longer) since I tried to incorporate into it some discussion from the Live Chat Room to better illustrate what traders actually do on these trade set-ups.
I hope you enjoy it … it is posted as a PDF under the Recap tab of my blog so people can get a printable copy there. I know that there will be some haters out there complaining about the length but I actually have had some e-mails from readers of the SOH that liked the Recaps … so this post is for you. Others who are less interested in a recap of intraday trading in the SPY can probably just fast forward to the end and look at my higher time frame charts of the SPY.
The US$ is often pointed to now by market pundits as a type of weather vane for their assessment as to the "risk-on" trade. The thought is that the US Federal Reserve is debasing the US$ and all of the hedge funds in the world are piling on in a carry trade where they leverage up their Funds and bet on the US$ declining.
One of their favorite trades is to invest in any and all US$ priced commodities … gold, silver, oil, grains etc. Trades never go on forever in straight lines however, and even if you believe in a thesis behind a "forever" declining US$ it pays to keep your eye on the short-term over-sold/over-bought nature of the US greenback.