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.
First off, if you have an interest in the price of gold and have not already done so, I highly recommend you check out Steve Hochberg’s 2-part Elliott Wave video presentation on gold (I want to disclose that signing up for Club EWI brings a small commission to yours truly 😉 ). With all his zigs, zags, waves and patterns he ends up at the same place I do with my simple version. I may use less cluttered methods, but I find this stuff very interesting.
With markets at a key juncture, the US dollar over bought (but bullish), the precious metals, commodities and increasingly, global markets over sold but bearish and US stocks acting as if October 2014 could at least recall memories of October 2008, I want to try to weave all this together around the simplistic monthly chart of gold, which is the asset that would provide liquidity for asset market refugees if the macro really were to get very negative. (more…)
With the Fed minutes out, the US dollar is in a free-fall, and the Euro is soaring. I’m glad I lightened up on all those energy positions! I’m down to “only” 140 positions, plus I scaled back on my options account too. Take a look at APA and ERX, which I wrote about earlier today, and you’ll agree that the time was right to take profits!
Here’s today’s swing-trading watch-list:
Short Oracle (ORCL)