The two charts below have both had significant upward surges recently which brings them to attractive risk/reward levels for shorting. (more…)
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.
A Mini Kahuna Trade – Go Long DBA
Ok, right off the bat, this trade is not for most people. It is a high risk, high reward type of trade that my options scanner has picked up. There is supporting evidence by the options configuration, Bank Participation report and Commitment of Traders report, but the chart looks terrible (commodities are in a bear market after all – or are they still?). So at some point this summer, DBA may go ballistic, but it is a roll of the die when and by how much. (more…)
Testing the SPX May High
The Only Crystal Balls That Work Are Broken Ones.
Over the course of my lifetime. I have been through my share of difficult times, extraordinary matters of happen stance, and quite a few others which for the sake of brevity I won’t go into details here. However, I want to share just one of my experiences and how I believe it’s relevant to today more than ever. (I’ll be going into these and others in more detail in my next book.) (more…)
