I happened to see this sign while walking Coda around the Stanford campus tonight. It really does say it all.
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.
The Spoilers Today
What a crummy day for your beleaguered host!
The core problem, of course, was my idiotic refusal to accept the reality that if Gartman had turned bearish on crude oil, then the downturn was completely through. My portfolio is fairly heavily influenced by crude oil (in spite of me having no position in it directly), so the benefit that crude’s weakness had been giving me in recent days was totally ruined today. It was ugly.
Even worse, though, was what happened with small caps (to which likewise my portfolio is inversely correlated). Let’s take a glance at today’s action:
Now THIS Looks Like Fun
Swing Trading AAPL, HMSY, GLW, GMCR, MLM
Well THAT Was Stupid
I am so furious at myself. And I don’t normally give Springheel Jack’s post so little time, but I had to get this off my chest.
Remember that terrific day I had yesterday thanks to energy? Well, it’s been completely unwound by a huge rally in crude oil. It’s like it never happened.
Well, that sucks, but why am I so mad at myself? Simple. I ignored the clearest, most important indicator ever, as shown below.
Now let me be stone cold clear here: I’m not trying to cute, clever, witty, funny, or snarky. I’m dead serious. I had before me the closest thing to a foolproof signal ever created in human existence, and I thought, “well, maybe it’s different this time.”
Shame on me. Shame. On. Me.
