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.
Since we are heading into the thick of earnings season, I think this is quite germane: I have been delighted at how many Slopers have subscribed to the Trade Machine Pro product. I got word from my friend Ophir, its founder, that they did a big upgrade, so I wanted to share this: there are three substantial upgrades to Trade Machine.
1. We have a new model built specially for bear markets, “Buy the Sell-off,” and it is remarkably powerful. Here’s a quick look:
Whenever I need a lift, I go to an unusual place, and a clip I’ve shown once or twice in Slope’s long history: the 1996 men’s national figure skating championship of 1996.
Local boy Rudy Galindo was the last to perform, and he had no shortage of pain and heartache in his life. In spite of the tension and risk, he performed brilliantly, and I cannot help get choked up every time I watch this. He radiates pure joy and the most pristine expression of years of practice transformed into a dazzling display of skill. Simply marvelous.
Allow me to share a couple of charts that have almost nothing to do with one another, but strike me as similar in a strange way. The first one is the volatility index, the VIX. I have split this into two zones. One is in green, below roughly the 35 level, which is where virtually all the activity has been for many, many years.
It’s been a pretty good day so far, and consistently profitable, even though most of the morning’s drop has evaporated as of this particular moment. Here are five of my existing positions that are doing well this morning (and, as a side note, I’ve bumped up my positions from 50 to 71):
Allow me to express my warm feelings toward last Friday, a time in which the equity markets exploded higher for absolutely no reason at all (note the limit-up on the Russell, tinted in green) and terrified bears like your humble narrator into vastly reducing risk. Thus, instead of 165% exposure, I’m at 95%.
Here we are on pre-market Monday, and a good deal of that baseless gain has vanished.
