Tweety Bird
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.
Potential Opportunity in Real Estate?
Before I get started I want to encourage all of you interested in trading options to sign-up for my free weekly newsletter. No, I’m not going to send you more than the one email a week and no, I’m not running a service. I’m a trader. This is completely free from all marketing. You will find educational topics on all things options, options research, options trade ideas, weekly indicators and more each week. I’ve been on Slope for a long, long time and would love your all of your support. Thanks so much. Kindest, Andy.
(more…)Echo of the 2000 Bear
Well, I wasn’t planning to write a post, but I was studying tonight and thought this was good enough for at least a quick post to take some of the posting weight off ‘ole Tim’s shoulders.
I specifically went looking for any portion of the 2000 or 2008 bear markets that formed a daily falling wedge and I found one indeed at the beginning of the 2000 bear market.
I was looking for a case where the weekly band was being repeatedly hit and overthrown (as is typical in an actual bear market rather than a corrective period) with competing trend lines narrowing into a falling wedge over months of trade.
(more…)Golden Mattress
A very simple one chart post, with no commentary, on the support zones in GLD. I bought some GLD fresh this morning and have set a stop-loss price of 183.95 (entry level: 185.75).
Bank On It
I’m a good dad. A loving husband. A pretty bad bass guitar player. An excellent chartist. And a lousy bull.
As I mentioned in the comments section, I took my profits on my QQQ calls and I also took my profits on my XOP and XLE puts (which, in a strange way, were “bullish” plays, since the relaxation of crude’s price was definitely associated with equities breathing a sigh of relief). To be clear, I am not at ALL aggressively positioned now, with 50% cash (a level not seen for many months). I am in “watch and wait” mode, and would respectfully suggest the level below on the financials as a prospective places to get bearish once more.
