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.

I Feel Fear (by BBFinance)

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Fearless

I feel fear today. Honestly. When SPX started falling and falling I was hoping 1300 will hold. It bounced off few times from 1301 level and hopes soared for a bottom. In the mean time Apple was doing its own song and dance. Then the 1300 level broke down, but funny thing, Euro held at 1.4040 level and did not fall below 1.40.
It was not the time to go long and yet I did. Went long with IWM, SSO & Apple.  It’s now 12 noon.  The European session has just ended but another four hours to go here and we shall see if there is a complete breakdown or turn up.
I am going long not because I have great faith in the market. But I think it is just a trading opportunity. I believe in the grand conspiracy theory of them taking the market to new high before the final crash. I think the debt ceiling limit issue will be sorted out one way or other this week and market will rally. So here is the gamble and let me see if I can put my money where my mouth is.

 

Trading Opportunity? (by BBFinance)

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There is some famous saying about being greedy when others are fearful etc etc.

I am seeing some fears today in the pre-market and European session. Japan was closed, so lot of activity came on thin volume. Honestly, I do not believe that US is not going to increase its debt limit. Such an event has never happened in the past and no reason it will happen now.  What is happening is just political grandstanding. At the end of the day, they will raise the debt limit, without any tax increase or any meaningful spending cut.

The earning season will start from this week and some of the leaders are braking out. I particularly like Apple chart and I am looking for it to reach $430 range in a month’s time. If the market starts lower today, it will possibly give a buying opportunity and I shall start with some calls on Apple. The quarterly result of Apple comes out tomorrow. I am hoping that 1300 level will hold in SPX and we shall see the low today.

Apple july