I'm short, plus I own puts:
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.
The Fog of War
I am typing this before the FOMC announcement in anticipation of being very busy either (a) retreating from a market being goosed higher by Ben; (b) cackling wildly as I augment existing short positions. In any case, I'm probably not going to post until after the close. Good luck to all.
Separate but Equal
I have never fully grasped the nature of the culture on Twitter. I am proud that I'm at just about 7,500 followers, but my number is dwarfed by those who seem to type nothing but nonsense. I just shrug it off; I'm happy for the world to pass me by in this respect.
I was reminded of this earlier today, since ZeroHedge linked to the term "$up". Out of curiousity, I clicked it and was presented with what I normally see when I venture anywhere outside the financial blogosphere of Twitter…….a bunch of ghetto-moron-slang-crap:
Long & Short: AMZN & CRI (by Ryan Mallory)
Very choppy day today and I don't expect to see much different as we head into the FOMC Statement tomorrow. For now, here are two great long and short setups that provide ideal risk/reward opportunities.
The AMZN chart looks stellar to the upside as it pulls back to its previous breakout level, and a breakdown in CRI is just getting started.
Here's the Lazy Trades:
Long: Amazon (AMZN)
Short: Carters Inc. (CRI)
Pennants and Flags (by Springheel Jack)
SPX dropped a little yesterday, and that felt like the start of a retracement, but it didn't look much like it. On the SPX 15min chart it has formed a very nice bull pennant, though as both trendlines are declining it could be seen as a falling wedge indicating back to a test of the Monday high. Either way this looks short term bullish unless SPX can break below it, and indicates to at least a test of the highs if it breaks above:
