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.

Putting All My Cards on the Table

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The vast majority of my trading is focused on the small hedge fund that I run, but recently I have starting dipping my toe in the water by trading some options in a personal account. This is a very tiny account, and it’s mostly just for fun, but it’s been going decently recently. Most of these positions are just one or two days old (if that……..) but they are working out nicely so far. I thought you might want to see the kinds of expirations and strikes I’m putting on. (more…)

SPYing a Pole

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There has been such focus on trying to understand how shallow or deep the upcoming correction might be, I thought I’d jump into the fray of prognostications.

The whipsaws that are occurring on a daily basis in the indexes is more reminiscent of a top formation rather than a normal, mild correction.  Time will tell of course, but we can look to the charts to see how far of a fall we can expect if there is a draw down ahead. (more…)

The Big Picture on Bonds

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I’m going to be taking a careful look at bonds today but first I’ll look at the position on SPX after yesterday’s retest of broken triangle support.

On the SPX daily chart we saw a bounce to test the daily middle bollinger band and then a reversal to retest the broken rising wedge resistance trendline from 2011 that has been holding as support this week. It’s worth noting that yesterday’s low was only four points above the daily lower bollinger band so I’m counting that as a technical hit and we could well see a bounce from that hit of a key technical support level. SPX daily chart: (more…)