Brian Johnson with TheStockMentor.com and we did see a move back to the downside in the markets with a small pop to end the day. Seems there are still some lower levels that the bulls want to try and hold but overall I don't think it will make much of a difference going forward.
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.
Hedging Update
Looking back at an optimal put hedge on GLD
In Tim's after the close wrap-up video Thursday ("Fire, Walk With Me"), he noted how precious metals had fallen out of bed recently. Below is a look at what happened with an optimal put hedge on the gold-tracking ETF GLD Thursday. Then, a preview of an idea for timing when to roll options. First, though, a quick reminder about optimal puts.
Fire, Walk With Me
Short and Sweet
Unlike my evangelical Christian readers, I lightened up today (ha! ha-ha!) and took profits on many shorts.
I still have End-of-Quarter-Itis, but that's OK. I am 30% committed right now, with about a 40/60 bull/bear split. My bullish plays are commodity-oriented (DBC, DBA, and a handful of beaten-down individual equities). I am also short TLT, which is playing with fire a bit, but – – just how overbought can bonds possibly get?
Today was quite stressful (in a good way), and a lot of work. I need my mind to clear a bit before I do a post, and I'll probably make it a video.
I promise this time: no Christians with gas, no Jews with runny noses, and no Muslims with bikinis. I'll seek to offend as few as possible.
Honest Injun.
