The equity markets are surging higher this morning, I have almost nothing but short positions, and I think it’s great. Why? Well, because the markets are behaving in a completely chart-friendly manner, and the 23.6% retracement level I warned premium members about yesterday did a picture-perfect job calling for a bounce, which is why I covered my largest position, my IEFA short. There’s no doubt I’m going to see my positions weaken substantially at the open. It doesn’t matter, because the charts are behaving beautifully, and that’s really what I’m after. Plus, I have a ton of free cash available.
(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.
Crypto Bowl Favorite
OK, this was a good one (here is the extended version). The funny thing is that, the moment the commercial was over, I couldn’t remember who it was for – – – which is kind of a fatal flaw. Funny, yes. Effective? I don’t think so.
Stable Short Positions
Inflation Vibrations
Dirt for Sale!
Still on the fence about coming to the Bay Area? C’mon, join me! Here’s a sharp place for just a tenth of a billion bucks. You can swing a half million dollar monthly payment, can’t you?
