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.

Leave Home Without It

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I see my IYR puts are now up 666% from where I dumped them. How fitting. Well, they expire in eight days, so at least I’ll shut up about them soon.

I’m not happy – – not happy in the least – – with the lack of follow-through with this morning’s sell-off. We were down nearly 80, and as I type these words, we’re down mere 29 points. I have done almost no trading, with the exception of dumping my FDX position at a loss. I’m in wait-and-see mode right now, still sitting on 10% cash.

As a side note, financials still have very good-looking topping patterns, such as American Express (below). But I really want to see some follow-through, since we got to 3502 early (remember my 3500 target for the year??) and then started strengthening.