Excited, excited executives!
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.
My ETF Trio
I’m feeling pretty good this morning since (a) I’m back home with my dogs (b) I’m feeling healthy again (c) My ETF portfolio is at a lifetime high, in spite of the retarded public buying up equities (d) I was able to hot glue gun my keyboard at EXACTLY the right angle to my desk. It was about two degrees off earlier, which was bugging the hell out of me. Now it is locked in a glorious position.
I suspect you’re more interested hearing about my ETF picks than my keyboard angle, so I’ll say this: I have three positions, all of them profitable. They are all longs, but they are all ultrashorts, which means I am still thrusting knitting needles into the eyeballs of the bulls. In spite of being near lifetime highs in equities, my positions are doing just dandy, thank you very much. They are as follows…….
Swing Trade BABA IR FEYE
Inflection at 2400
SPX rejected from the backtest of the daily middle band yesterday and came close to a retest of last week’s low at the intraday low today. There is a compelling case for seeing that full retest tomorrow as well as a retracement low retest on NQ and that the next important inflection point is there. I’ll be looking at why that is below. SPX daily chart:
Those Putzes on CNBC
In case you missed it during the many instances I mentioned it here and on Twitter, I contracted a virus. Mercifully, it seems to be on the wane (hurray, Tim’s immune system!) but while I was in the throes of my illness, I did something I hardly ever do, which is turn on CNBC (the total amount of television I watch in a year is probably a few hours, at most, and I only vomit my way through CNBC viewing during Fed announcements).
Anyway, the topic of discussion was General Electric (GE), which is my largest non-ETF short position. I took this screenshot earlier today, although I think it fell lower…………
