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 Obvious Child

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There is no shortage of silly bromides and sayings in the world of trading, but one I particularly detest is “if it’s obvious, it’s obviously wrong.” I’ve mentioned this before, and I’m sure I’ll mention it again, because I think this illogical and baseless faux-truism can be misleading and financially harmful.

One example from my own trading past is the shape of energy stocks from last year. Energy stocks – – and Lord knows I spilled a lot of digital ink here on Slope yammering on about how energy stocks should be shorted – – were jumping-up-and-down short candidates. The patterns seemed too good to be true. Indeed, although I’m rarely shy with my predictions, I refrained from uttering what the measured moves were, because they seemed so ridiculous, even for someone like me.

Anadarko Petroleum is just one of dozens of similar examples of what I’m talking about:



Miners Plunge into the Abyss

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It wasn’t that long ago that I thought precious metals and miners might represent the only decent bullish opportunity of 2016. Well, I kind of gave up on this prospect early last week, and I don’t touch this garbage anymore. Precious metals suck, and they will continue to suck until they don’t, which could be years off. Here is the ETF for junior miners, which cracked to a lifetime low today (get used to those words – – “lifetime low” – – if you follow gold):