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.
Before I get going describing my thought experiments, I feel I should admit to a couple of failures. In earlier posts, I had made the claims that GDX would not fall below $26.31 and that gold would not trade below ~$1250. I was wrong on both counts, so please take my musings below with a nice pinch of salt. (more…)
Fun With USO – Both Long And Short
My options scanner has picked up a USO options imbalance for August. Check out the August options scan below. USO has a reading of -0.70382 on decent open interest. (more…)
The NASDAQ Falls Away from Strength
Financial Strength in One Chart
If you want a breathtaking view of how much financial stocks have strengthened, look no further than the chart of FAS below, which is the triple-bullish ETF. The interesting thing is that one didn’t have to be lucky enough to buy it in depths of the financial crisis for a bargain price; it was actually very depressed in October 2011, only a year and a half ago. It’s up 345% since then. I won’t show its opposite here, symbol FAZ, but it basically looks like a ski slope ever since its inception. (more…)