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.

Updating Stops

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When you have 130 short positions, as I do, it takes a long time to update stops. Just reciting the stop prices into a recorder took me 18 minutes just now. So, errr, I’m kind of busy. But I’m delighted that the idiotic TWTR IPO has given us a clear flag for a retard-o-top. My shorts are thrilled, and I intend to bring them even more company. See ya later.


Retesting the Highs

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Since I wrote the commentary on my SPX charts below saying that a decent double-top setup was in place, but that I was nonetheless expecting new highs, the ECB has cut interest rates and ES has made new all-time highs. Dow already made new highs yesterday and I’m expecting SPX should make a new high in trading hours today. Any high made this week is likely to be within the acceptable double-top zone for SPX to peak near here. SPX 60min chart: (more…)