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.
It's been a crazy day. I woke up to a mountain of users that wanted to test my new product (I'm turning them away now, so please don't send me any more NDAs). I had a ton of long positions which I sold (profitably!) and a ton of short positions to enter. And, of course, I had the blog to nurse along. To say nothing of continued development of the aforementioned new product.
I'm going to do a market video later. For now, let's stand down the missiles. I need to do some general catching-up, and I'll do a nice video for you. Promise.
Richmond Manufacturing Index in Decline
Data released on Tuesday shows that the Richmond Manufacturing Index declined, and, as shown on the graph below, it's pretty evident that manufacturing conditions have been in general decline since April 2010.
The Euro Crumble Continues
Ummm, I thought we'd get a few weeks – maybe even a few months – of a rally in assets, but it seems to have lasted about as long as a 16 year old boy at the end of a really successful prom date.
I sold all my longers earlier today (almost all of them profitably, particularly TBT), but I am remaining cautious on the short side. As of this writing, I am 30% committed, 70% in cash. It's pretty stunning how the Euro is simply unable to get off the mat. Here, yet again, is my long-term target for the Euro:
Dumb Money Sold in May and Went Away
Led by near suicidal sentiment among the gold 'community', the broad markets recently embarked on a southerly course as well, culminating with 'dumb money' sentiment at very bearish levels in technology, energy, financials, industrials and on out to commodities.
|Aggregate 'smart/dumb' confidence courtesy sentimentrader.com|