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.
Well, in the heat of a very intense trading day, Comcast pooed all over itself and put many of their customers back into the stone age, including your beloved host. I managed to cobble together an Internet connection (at 10% the normal speed) and slogged through the day somehow or another. I’m delighted at how my long plays worked out (cough Slope Plus cough) and I entered 16 new short positions just before the close. I’m going to get in the line at the soup kitchen before they close, but I’ll be back later to share my thoughts.
I got a brief scare this morning when I saw the ES was down hard, but it didn’t take long for the market to shake off its fear and power higher. This is precisely what I want because (1) I’ve got a lot of longs (2) I want the market, per my video last night and the post the night before, to get back to an attractive shorting level. As fear leaks out of the market, you’re going to see the XIV (the VIX symbol backwards – clever, huh?) push up. I’m looking forward to bulls feeling at-ease again. The next level we’ve got to cross above is 1864.75 on the ES, so watch it closely. It’s important.