Elon Musk and MicroStrategy CEO Michael Saylor.(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.
In my premarket video this morning at theartofchart.net this morning I was looking at the very attractive looking setup on the index futures for a sharp retracement, and since then an H&S has broken down that would look for the 4165 area on ES. That would be a backtest of the daily middle band as support, and as I was explaining looking at the ES chart particularly, this retracement may well go deeper towards the 4100 area.(more…)
Trust in our own judgment is an important element of the trading life. I suppose trust comes from our own evaluations of past successes and failures.
In my own case, for example, I have learned through long and hard experience not to trust my judgment when it comes to buying precious metals (this has been a running gag for years on Slope). Whenever I just can’t take it anymore, and I rush out to my local bullion shop to buy gold or silver, that usually marks the top within seconds. Likewise, when I can’t stomach the losses from the aforementioned purchase any longer, and I scurry back to sell the stuff (with the laughable bid/ask spreads in such places), that usually marks the bottom.
Hell, it was late in March when I scampered off to Pacific Precious Metals and sold all my silver bars to them. I think the market bottomed, at best, the very next day. It’s been up almost nonstop every since. We’re not talking about a lot of money here, but still, it makes me feel pretty stupid.(more…)
To maintain the inflation, a cooling of inflation was needed
That is one of those Alice in Wonderland-like statements, like the one I’ve got tattooed on my left forearm: “Contrary-wise, what is it wouldn’t be and what it wouldn’t be it would, you see?”
To maintain inflationary policy, as per various talking Fed (egg) heads, the hysterical run up in inflationary expectations and fears had to be tamped down. And so, Google users have indeed eased their neuroses right along with a recent tamping of inflationary hysteria.(more…)
A gazillion July $39 puts. Break the trendline, and the party starts.