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.

Mario Kart

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Back in 2010 and 2011, the market was all about the Euro. It was all anybody talked about. We hung on to every pip. Since then, it had sort of faded from the scene, and I stopped bothering looking at EUR/USD altogether.

That all changed this morning, now that Mario Draghi has once again thrown open the Stimulation Spigot, since it’s quite apparent that the debt-addicted world is incapable of absolutely any organic growth, so they’re just going to just keep…………stimulating. You can see how the currency war has been affected our own U.S. dollar, portrayed here versus the Japanese Yen.

usdjpy
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Not a Dr. Koop in Sight

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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.

slopechart BYND
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Dealing with Disaster

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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:

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