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.

Make Way for Uncle Buck

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It has been a contrarian trade that has not yet worked out; by that I mean my short position on the Euro and preparation for a firming US dollar. Yesterday the market cheered the supposedly dovish Fed, and USD got smeared again as the world’s counter party paper boosted assets far and wide… on nothing but perceptions and a hell of a lot of momentum and gaming on FOMC day.

USD opened weak again today but so far at least, is sporting a Hammer which, if it stays in play, would be a bullish reversal candle.

usd

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Friday ETFs

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Before I take off for the balance of the day (there are other posts already in the queue), I’ll just share a few ETF charts and some words on each:

First of all, I’ve pretty fairly well prison-raped lately by commodities (oil, gold) recently, so I’m tending to stay away from the likes of DRIP, ERY, JDST, and the like (even mild stuff like GLD). The moment of truth is at hand for commodities (DBC), but, again I’ve had enough for now. No thank you.

0728-dbc

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Wee Hours Musings

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Well, it’s the equivalent of 3 in the morning (PST) as I’m typing this, but the “Wake Up Early!” bird is shrieking outside, so I thought I’d put together a post with various thoughts kicking around my head. Here we go……

NASDAQ – In retrospect, I guess we could have guessed what was coming with Amazon, since the entire world was ruining its undergarments with all the excitement about Jeff Bezos being the world’s richest man. I know myself well enough to understand that when I’m feeling really down, that’s the time to take a risk – – and Thursday morning, I was feeling REALLY down – – so I did just the opposite of what my head told me and bought QID (the ultrashort NASDAQ). That’s working out all right so far, and we’ll see just how much of the absolutely idiotic liftoff in the NQ is unwound. (more…)