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.

Shorter than Short

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Good evening, everyone.

I had a lot of meetings this afternoon, so my blog-writing time sort of got gobbled up.

I was delighted and thrilled to see AAPL getting slammed after-hours. For nearly a decade, AAPL has almost never disappointed the public with its earnings. This evening is a delicious exception. During the completely ridiculous run-up in price late in the regular trading day, I shorted the bejesus out of QQQ. At the risk of looking like a complete doofus in case QE3 through QE12 is announced before Wednesday, I will let you know that I have 116 short positions. (One of which, NFLX, is in a virtual free-fall this evening).


Predicting Action From First Hour Part 2 (by Ryan Mallory)

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Let's get started on Part 2 of How to Predict Market Action From the 1st Hour of Trading by discussing the Heavy Market Gap-Ups. 

You'll remember yesterday how I discussed gap-downs can be very difficult for the bears to hold on to the weakness. So the obvious conclusion then is that bulls would have a difficult job of holding on to gap-ups. But that comparison really doesn't work with gap-ups. They are completely different in personality and how the market responds to them. 

There are a lot of major players in the market with tons of buying power that simply cannot short the market or any stock for that matter. As a result, the only choice they have is to buy or sell (short/cover isn't a viable option).