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.
Ignore the Noise. Trade Strategies Based off Probabilities
“What do you think about the latest economic report, data coming out of Europe, etc?”
That’s a question I often receive. My typical response, I don’t care. Okay, that may be a bit harsh, but it is true. For the most part I really don’t care about the daily news that flows in and out of the market. I am an options trader. I trade strategies based off probabilities. I create statistical advantages based on my current market assumptions.
We must realize that knowing what is going on in the news and knowing how to make money consistently are two separate things. For successful options investors it’s about your strategy, your logic, your process, it doesn’t matter what you think the market the latest economic report is going to say. I realize it’s a difficult concept for the options newbie to understand.
NYSE Summation Index Awfully Lofty
U.S. Trade Balance Shrinks
Further to my post of January 11th, I have my answer…it would appear not. Based on Trade Balance data released today, the trade deficit widened more than forecast…attempts to move higher have progressively failed from the highs in 2009, as shown on the graph below.
http://strawberryblondesmarketsummary.blogspot.com/
IHS on the ES is at Risk
If, for the first time in human history, JBTFD fails the bulls today, we could be in for a very interesting week ahead. Breaking 1259.75, where the arrow is pointing, would, I think, be the final nail in the coffin for this pattern (I am not suggesting this could happen today, but perhaps early next week). We shall see.
