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.
Post of the Year
Much Ado About Nothing
On Friday night I posted the small channel from the 2129 high together with the larger falling channel it was trading within. Both have broken down at the open today and the bears now have a shot at breaking more important support levels. SPX 5min chart:
Peachy Pared Plunge
Well, the market hasn’t even opened yet here on Monday morning (and I say “morning” loosely, since my dogs know what’s going on with Greece and got me out of bed at 4:30, so it’s pitch black here in Palo Alto) and it feels like we should be getting the Friday bar ready, since there’s been so much amazing news over the past 72 hours. There were over 600 comments on Slope this Sunday – – on a Sunday, people. Most blogs don’t get that many comments in a year.
One might think I’m disappointed the ES has pared its losses by half already. Nope. I actually prefer it (honest!) I am not aggressively short “the market” at all right now. Yes, I’ve got 80 individual shorts, but I have one and only one big short in the form of an ETF, and that is the high-yield instrument JNK, which is kind of a throwaway. I’d be a lot more upset if I had a ton of index puts, since the plunge over 40 points on the ES at the opening bell was so exciting, but now that actual trading is getting ready to open, the profits on such options would be greatly trimmed.
Can’t Trust That Day
Monday, Monday, so good to me
Monday morning, it was all I hoped it would be
Oh, Monday morning, Monday morning couldn’t guarantee
That Monday evening, you would still be here with me
Monday, Monday, can’t trust that day
Monday, Monday, sometimes it just turns out that way
Oh, Monday morning, you gave me no warning of what was to be
Oh, Monday, Monday, how could you leave and not take me?
Every other day, every other day
Every other day of the week is fine, yeah
But whenever Monday comes
But whenever Monday comes
You can find me crying all of the time
