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.
Wow, what a day! Although the ES bounced about ten points off its lows, I actually prefer it that way. Closing at the lows usually means a big bounce the following day. I’d rather just grind it down one day at a time. I’ll do a longer post later – probably a video – but I at least wanted to mention Stabucks. They are one of my 99 short positions, and they just reported earnings. As I’m typing this, they are pretty much unchanged on the report (they’re wobbling between slightly up and slightly down), but I think this is going to drop to $66 in the weeks ahead.
A thoughtful Tastytrade viewer sent me the picture he took in Las Vegas today. As you can see, even in sin city, Tastytrade is making its mark in a big way!
As the USD/JPY falls to pieces, equity markets are following suit. Looking at the daly chart of the USD/JPY, there is plenty more room to fall. My 99 shorts are doing well, thank you very much, although I’ve taken profits in a few blowouts like AEO, HERO, and ACAT. Those, of course, were simply occasional winners,. We all do what we can.