With this kind of exchange rate, going back to Thailand, where I just happened to be fortunate enough to visit just a few months before Covid ruined the world, sure is seeming enticing……….
Awwwww, Phuket!
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.
Couple of Semis
I’m definitely not feeling the unvarnished zeal for this market that I was even just two days ago, but I’m poking it with a stick here and there and maintaining a 20% cash position. Here are a couple of semi companies against which I’ve bought puts (AMD November, Micron January)
Brou Ha………….Ha.
Pffffft. What a disappointing week. We had a MOUNTAIN of killer economic reports, the important ones of which came in massively in the favor of the bears (and now we head into a data desert):
Defensive Posture
Feh. I guess this week is going to end on kind of a sucky note. We’re only an hour into the trading day, and the /ES has zipped 130 points higher from twenty-four hours ago. I’m at a 20% cash balance and have placed myself in a more defensive posture (the most important element of which is that the average expiration of my put options is a full 155 days out).
Magneto
Happy Friday, everyone. Well, the /ES spent the entire night clinging to its Fibonacci like crazy. As I’m typing this, it has managed to reach an escape velocity of some kind, up about 40 points at this particular moment.
