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.
I have been bearish on crude oil and energy stocks for a long while. Just yesterday, I did a post for our beloved premium members called Try Weakly which, yet again, spelled out the specifics of my positions. I have also done this in the face of every other analyst on the planet calling for vastly higher prices, including Zerohedge (where I’ve evidently been banned………) which has repeatedly called for $300 oil, even as recently as a few days ago.
At this point, I might as well become a permanent resident of North Carolina, since I cannot seem to wrench myself back to my own time zone. I saunter off to bed at 8:30 like an elderly inhabitant of a retirement home, and I’m up at 2:30, ready for the new day. It’s ridiculous.
Anyway, I’m sorry to see that equities have strengthened overnight, pushing above what HAD been a tidy little short-term top on the /ES. My “devil may care” purchase of short-term SPY puts enjoyed a quick 30% bump, but instead of making it a quick scalp trade, I held on. Bye-bye, quick profits.
