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.

The Break to Avoid

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Today feels like a miniature version of last Thursday. That is to say, an hour before the open, a lot of excitement about what a great day it was going to be for the bears, and then well into the trading day, it pretty much sucks out loud. As I’m typing this, the /ES experienced nearly a ONE HUNDRED POINT reversal, and the /NQ is up triple digits. I remain at 25% cash and in 25 positions, and overall the day is kind of a pisser.

For the moment, the /ES is still just banging out a steady series of lower highs. This could break at any moment, however. I mean, Good Lord, all it took this morning to rip the /ES was a RUMOR that the Fed might slightly lower the PACE of interest rate increases next year. B.F.D.! Is that considered fantastic news?!?!

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Dumb Beyond All Measure

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I happened to see on Twitter that Cramer had recommended SNAP in July of last year. As I always took, I took a screenshot, highlighted the date, slapped it on the chart, and har-de-har-har, this guy sucks.

But, for once, I actually took the time to listen to the clip. Oh my GOD. I seriously overestimated the guy. Just listen to him. Hear his “rationale” for buying it. Simply stated, it’s because SNAP is worth a lot of Evan Spiegel is working hard. That’s seriously it. Jesus CHRIST, where can I get paid $5 million for being the biggest fool in the world?