The market's so dreary, I can't even think of a clever title for the post. In any event, it's been a while, so here are my thoughts on the market……..
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.
The market's so dreary, I can't even think of a clever title for the post. In any event, it's been a while, so here are my thoughts on the market……..
The nearer time frames generally look okay, with some caveats; notably including the over bought, over loved state for the broad US market. These time frames must be managed on an ongoing basis, but throughout all of the ups and downs, euphoria and agony, there is and has been the monthly chart and its Cup & Handle target of 1000, which has been active since 2010.
Here is an excerpt of the final segment of the precious metals analysis:
An easy way to look at this is to put a mental ‘STOP’ just below the confluence of the Handle, the moving averages and the visual shaded support area. So how about this for a range of perspective on the HUI? 15 minutes all the way up to monthly.
http://www.biiwii.blogspot.com
http://www.biiwii.com
http://www.biiwii.com/NFTRH/subscribe.htm
Quick Options Primer
I am often asked about how I come up with the probability of success percentage that I refer to in many of my reports and here on the blog.
For those of you new to the blog, I currently trade two options strategies (I hope to add a few more in the coming months). One of my strategies is a directional strategy using short-term overbought/oversold measures based on my high-probability, mean-reversion indicator. I play the strategy by using straight calls and puts.
The other strategy, and indeed my favorite, is the Theta Driver strategy where I sell out-of-the-money vertical spreads with a high probability of success.
It's kind of a perverse irony that Slope – a permabear's blog – has some of its greatest successes with long ideas.
I offer you my January 10th suggestion of Garmin: