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.

Tim Trims

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For newer readers, please note that whenever I close a position, it typically continues in a direction that would have been good for me about 100% of the time. So ignore everything I’m about to say.

  1. I believe we have plenty more downside this year;
  2. At the same time, the profits I’ve accrued from August 17 to present have been embarrassing;
  3. Just now, I trimmed from 37 positions down to a mere 30;
  4. Every single position of the 37 was profitable, some in triple-digits;
  5. I am at 17% cash right now;
  6. The reaction to tomorrow’s job report will be telling;
  7. I like cheese.

When the Bough Breaks

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I have 37 positions, and all of them are crazy-profitable. I just said out loud to myself, “Get rid of some of these, at least three…….” and I went through all 37. I’m sorry. There isn’t a single one that doesn’t look like a “hold”. So I remain 100% invested and shorter than short can be. I will simply say that, yes, as the arrows show, there have been bounces during the unraveling of the idiotic two-month rally, but they’ve been increasingly short-lived. The next crucial thing to break is that trendline point I’ve circled. Break that, and “turgid” becomes “pleasingly painful.”