Best Trade of the Year So Far
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.
Turnaround Tuesday!
Foreign Aid
I take no pleasure in writing it, but I must be true to my chart – – the EFA (worldwide equities, sans North America) has tagged what could be a very important Fibonacci support level. The prior instance of such a tag is also shown. I mean, hell, I’m having just way too much fun to want this to ever stop, but I guess the market simply isn’t going to go down every day until the end of time. It’s a shame, too.
After The Holiday
I hope everyone had a great Independence Day weekend. For some obscure historical reason that isn’t a public holiday over here in the UK, but as I work US hours I had a very pleasant long weekend.
I’m going to look at the short and longer term prospects for SPX here, and I’ll start with an important longer term chart, the SPX monthly chart where there has now been a monthly close below the key support & resistance trendline on SPX since the 2009 low.
That opens the possibility for further downside and we may well be seeing that either sooner or later.
(more…)Embracing Failure
Well, it’s been a great morning so far. I had a really sad “one that got away” however – – the Dow Utilities fund, symbol XLU. It look absolutely juicy for a massive put position. The bid/ask was 4.45 by 5.00, and I figured I could get in at, let’s say, 4.60 or so. Nope. The market moved quickly, and the whole thing got away from me. Oh, well.
