I’ve mentioned Equinix (EQIX) over and over again on both the blog and my segment on TastyTrade. It is behaving beautifully, and I intend to hold this short for a long time (surprises to the upside notwithstanding). (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.
Repeating My Target for GLD
I’ve held for quite some time that gold is going to bottom somewhere north of $1,000 per ounce (I’m guessing around $1090 or thereabouts). It’s continuing to weaken, and GLD is my largest short position. Paradoxically, I think after such a nasty tumble, it will be the time to follow the kooks to the glory land of Real Money and load up.
Directional Options
I was thinking that we might see some retracement of Friday’s move up yesterday but as it happened SPX just traded sideways to form what is most likely a bull flag. ES was a little more interesting overnight and has been forming a possible H&S pattern with a target in the 1755 area. I have sketched in two options on my ES which are that the H&S forms and plays out, or that ES continues directly towards the obvious target and resistance area at the weekly R2 pivot at 1788.40. ES 60min chart: (more…)
