I’m going to sound like I’m full o’ crap, but I sold all my long positions earlier today, every one at a profit. By no means did I sell at the peak of the day, but this market is incredibly fragile. As I stand here now, I’ve got one position – short XLP – and that’s it!!! I’ll probably spend the foreseeable future just doing daytime scalping with no overnight positions. Maybe.,
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.
Just listen to the whole thing and see clearly for the first time. Come on, you could use a break from charts. Or at least give your ears some entertainment./
This is eye-popping stuff. Here is JNK:
This is just a sampling of the kind of damage done recently. I have gathered up some charts into specific sectors. I’m riding the bounce for now, but I’ll be looking toward these at the horizontals for new short opportunities. They’ve got a lot of damage to repair.(more…)