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.
Bear Quint Two
Silken Smooth
I loaded the 60-day intraday history of all the ETFs I follow, and one of them stood out among all the rest: bonds (by way of TLT). Oh my lord, why didn’t I just put my entire account into TLT puts instead of screwing around with goddamned equities? I have never seen such a smooth, relentless, not-an-uptick-in-sight gorgeous piece of artwork in my entire life. ARGHHHHHHHHH.
Hope Springs Eternal (by Xerxes)
Friday sucked for bears, no two ways about it. I was so excited by the resistance I was seeing on a weekly chart that I even posted my “Reversal Wicks” entry before the week ended. Then the one market action which I mentioned would ruin my pattern happened on Friday, based on rumor and whispers of Fed rate slowdowns (not even a full pivot to easing) to make the market rally*. This tells me two things: 1) The bulls are so damn eager to jump on anything bullish that even a whisper will send stocks into a tizzy and 2) Shorts are weakhanded down here so we end up with this choppy no decision action.
Well, this week happened so I just need to adjust and deal with it. There are six trading days left in the month, so we’ll have to prepare for potential market movements starting with the monthly chart.
