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.

SPX 2400 Target Nearly Tagged…What’s Next?

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Further to my post of August 6, the SPX continued to rally to top out in September about 100 points shy of an upside target of 3033, but exceeded its first target of 2900, as shown on the following updated monthly chart. The high was 2940.91 and I doubt we’ll see that matched before the end of December.

Since then, and as of Friday’s close, the SPX has plummeted and it came within eight points of reaching its first major support level of 2400, as I described in my post of December 17.

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Tastyworks

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Tom Sosnoff and I have had a working relationship for over twenty years. On the surface, he and I couldn’t be more different. As product-makers, however, we share a tremendous amount in common.

For those of you not acquainted with Tom, he is the widely-heralded options trader who created the thinkorswim platform (selling it to Ameritrade for over $600 million) who then went on to create tastytrade (where I broadcast a show daily), and, most recently, a new brokerage focused on options trading called tastyworks (yeah, Tom likes the name “tasty” as well as lowercase nouns).

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The Vomit Comet

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Years ago, people assumed I was really good in math, because I got mixed up in microcomputers starting in 1979. For some reason, people thought computer geeks were math wizards. I wasn’t. I was a writer, as I am to this day. So metaphors, not math, are more my thing.

A few days ago, one came to mind which struck me as particularly good, so I thought I would share it. So join me on a mental model which I think will help explain the past nine years.

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