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.
It’s nice to wake up to something resembling what I saw when I fell asleep. This sounds like the declaration of sordid frat boy, but I’m referring to the ES and NQ. It looked like we were finally ready to rally last night, and this morning we indeed are.
I have merely two bullish holdings, EFA (discussed in depth with premium members yesterday) and USO. I have my Bull Pen watch list waiting with other opportunities. I’m pleased to see my big EFA position have a good start pre-market:
Last week, I decided to drop my trading to virtually nothing, and I intend to remain in that mode until the end of the quarter. Just six days to go!
As you might deduce from Slope’s Woulda Shoulda Coulda page, I’m kind of obsessed with looking in the rearview mirror and seeing What Might Have Been. Poisonous, yes, but sometimes it yields insights.
I have a rather sophisticated and very personal way of “looking backwards” besides this. Sometimes I’ll preserve my spreadsheet of positions into a file of its own and take a peek at it from time to time to see what the P&L is compared to what it used to be.
(more…)OK, let’s take a brief break from charting. One of you sent me this totally cool video. Check these maniacs out!
“If only we had some way of knowing this was coming.” Yeah, well………a thoughtful Sloper sent me a TED talk that none other than Bill Gates gave five years ago which essentially described precisely what we’re dealing with now. The interesting bit is that in his “scare the hell out of the children” moment, he offered up this dreadful scenario:
Want to jump in front of the Fed locomotive! Now you can! Check out LQD and its gap fill. Its rally today is based on the Fed being permitted to pork out of these now. Food for thought.
