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.

Getting Paid To Limit Downside In DUST

By -

Getting Paid To Limit Downside On DUST

As Tim has noted (in this post last month, for example) precious metals and related securities remain in a multiyear bear market. As that bear market has continued this year in gold, gold miners, and ETFs that track them, shares of the Direxion Daily Gold Miners Bear 3x Shares ETF (DUST) have gained 116% year-to-date as of Monday, October 21st’s close. DUST is quite volatile though, as triple-leveraged ETFs typically are, and that means it can move against longs fairly quickly. For example, DUST dropped about 23% in the last week, from October 14th to October 21st. For DUST longs holding gains from earlier this year, but wary of downside risk going forward, below is a way you can get paid to hedge. (more…)

Bearish Evidence

By -

Although many of my medium charts continue to point upward I am starting to sense a growing disturbance in the force which concerns me. Now let me present my case with a caveat: By no means am I suggesting that we’re going to turn tomorrow. I think you all understand at this point that equities have acquired the potential to happily bubble higher on vapor. However, that said – if you are net long at this point then you may want to start tightening your stops a little. (more…)