At the risk of shocking a reader or two, I’ve got to say, the behavior of the better-known IPOs is pretty impressive. I don’t touch this stuff, particularly on the short side, because there’s no rational basis for doing so, but these are definitely not acting like financial instruments that were dumped on the unsuspecting public only to plunge afterward. They’ve been holding up – – or thriving – – quite admirably so far.(more…)
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.
Before I begin, I wanted to mention at the outset that we’re planning on taking the site down tonight for 20 minutes (hopefully!) as an important step in speeding up everything. The speed improvement won’t be done for about another week or so, but at 1:00 a.m. EST we’re going to be shutting things down, so please know this is planned. Now, on with the post…….
When I started the trading day on Monday morning, I was puzzled and startled by a rather large loss, because the ES and NQ were only up a little bit. It only took a moment or two for my eyes to land on the culprit:(more…)
Here are a dozen stocks I just shorted:(more…)
Something new, Slopers! We’ve taken our unique Market Meter tool and multiplied it by four to give you a completely unique perspective as to what the market is doing. Check it out here.
I’ve mentioned XME many a time as an appealing long-term short position, given its cyclic history. I wanted to provide a different perspective on this by stripping out both the price data and my drawn objects. Below are the trio of exponential moving averages (50/100/200). I hope this helps amplify my case, but judge for yourself!
It’s going to be a strange two weeks ahead. On the one hand, portions of it are going to be like watching paint dry, as market participants cling to the sidelines, afraid to make any kind of commitment ahead of binary events. On the other, when those events take place (or not), all holy hell will break lose. What is it they say about battle? “Long periods of boredom punctuated by brief moments of terror.” Something like that.
As of this writing, gold is continuing to slip lower. The only options position I have at the moment is GDX puts, so that’s fine by me. I’d say medium-term support is around 1325.(more…)