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.
WAG on the RUT
It's obviously been a good morning so far. The most exciting part for me is that, in spite of being 40% in cash (regretable, but deliberate) my portfolio is UP more than the market is DOWN. Thus the power of well-selected shorts!
But as Colonel Kilgore said: "Some day, this war's gonna end." So the bulltards are probably already BTFD and aiming to push prices higher. Good. I want our bullish overlords to do just that, because I don't want to be adding shorts at these levels. Below is my wild-ass guess about the intermediate direction of the Russell.
Teddy Bears Picnic (by Springheel Jack)
Just a short post today as I have to go out for some of the morning. Now I'm not feeling at all smug about my calls in recent weeks. This topping process has taken an age, and while SPX didn't actually get an awful lot higher after I started to think a top was close in the 1354 SPX area almost three weeks ago, the slow dribble upwards persisted quite a bit longer than I expected. Nonetheless I'm particularly pleased with this chart I posted on twitter before I went to bed last night showing the broadening descending wedge on the ES 15min and calling for a move to the lower wedge trendline if the short term rising support trendline broke:
