Next week is going to be big (and will drive the Fed decision in the week that follows):
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.
What a lame, boring trading day. This is getting to be a grind again, I’m sorry to say. The only bright spot was my (lucky/cowardly/wise) fleeing of my Sept. 16 SPY puts, which yielded me an overnight 25% profit. By day’s end, those puts were worth about HALF what I sold them at. I think I got the “short-dated options” bug out of my system. It isn’t worth the anxiety.
As I look at the SPY, the top is still firmly in place, but for cryin’ out loud, I wish the market would start crumbling again. This green arrow business is for the birds.(more…)
This is truly fascinating. Click for a bigger image (if you have a large screen):
I am bearish on Brazil by way of EWZ. I offer the charts below into evidence: