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.

Opening the Kimono

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I keep a small options account for more speculative, devil-may-care trades. Someone asked me for an update on those positions. I’m going to be lazy (and a bit too T.M.I.) by just showing you my current P/L screen. I’ve only got one dud – Hershey – but I still think it’s going to work out just fine. These are all conservative plays (e.g. several months out, and all in the money).

1001-options

Overthrown Falling Megaphones

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SPX put in a sixth day riding the daily lower band yesterday, with a touch of the lower band at the low and a hit of falling megaphone resistance at the high. SPX daily chart:

141001 SPX Daily Trendlines BBs MAs

At the high we saw the test I was expecting of falling megaphone resistance, and that overthrew slightly at the high to test the 50 hour MA. After that the day was mostly downhill. So what does this mean? (more…)