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.
I have shamelessly taken over a big table and have made myself a very comfortable workstation (and a standing one, no less; you know how I hate to sit). Since our room isn’t ready, I’m just going to chart and trade anyway.
Also, thank you all for your kindly 25th anniversary wishes. Some of you can imagine what a ceaseless delight it must be to live with someone like me for a quarter-century, so bless my wife for still putting up with me. Many years ago, when I’d overhear people ask “What’s she doing with him?” I knew I had successfully married up.
For me yesterday was possibly the most fun day of the year so far, and had the low of the day just continued down another three ticks on ES to test the globex low at the open on Sunday, would have come close to perfection, as I had a buy order there. It seems fairly obvious, Greece headlines permitting, that SPX is going with my preferred option that I laid out before the open yesterday and both the daily RSI 5 buy signal, and the strengthened 60min buy signal, that I was talking about as possibilities in that post had fixed by the close yesterday.
As all know my specialty is the Volatility Trade, and the weekly chart gives me a good view of the climate. It looks like it is paralleling last year somewhat. I am looking at three more weeks of this, and maybe a SPY visit down to the 190’s. Then expect a late summer rally into mid September, for a nice fall swoon. However, I will let my charts and signals guide me though. (more…)