There aren’t many short positions that can be relied upon to edge lower each day, but below is one of them. This is my favorite kind of position to manage: just tightening up the stop price day to day.
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.
2013 for the Bears in a Nutshell
Here’s the Bounce
SPX closed on the daily lower bollinger band for a third straight day on Friday. If we should see the same today then I’d be looking at a closing range in the 1769-72 area. However looking at the overnight action, the bounce that I was looking for late last week may well now be in progress, and resistance is therefore at the middle bollinger band in the 1795 SPX area. SPX daily chart: (more…)
Flippety Do Dah
Well, it’s obviously a bit disappointing: last night, during dinner, I glanced at my iPhone, and out of the clear blue sky, the ES plunged from +3 to -10. It lingered at a loss of about 8 points for a long time. When I clicked on my bedside iPad this morning, wondering how low the ES was – well – a twenty-point reversal (for no particular reason at all) had taken place. Looking at the daily ES, it actually makes a lot of sense, given the retracement to the pattern’s neckline. All the same, it’s a tough way to start off what is bound to be an emotionally-trying week.
