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.

Oil and Hess (by MoneyMiser21)

By -

Beloved Slope of Hope member Market Sniper (aka Dutch to those who knew him) persistently promoted the search for, and trading of edges.

He shared quite a few with fellow Slopers over the years, including the end of day ramp trade, and his Nadex trade setups.

It is in that light that I share with you an interesting discovery that I’ve been forward watching for quite a while.

Now some of you may know that whenever the subject of USO gets posted about on Slope, you’ll soon enough see me respond that it’s far simpler to trade HES instead.

You’ll find Hess tracks very closely with /CL, and you’ll face none of the problems that $USO poses (such as the mixed futures contract make-up, roll costs drag, and tax complications involved with trading the ETN).

But about a year ago while looking over charts, I noticed something rather unusual about the relationship between HES and /cl (the continuous contract).