It’s annoying, I know, to see the /ES lurch 30 points higher based on ceaseless bullish memories of the easy times they enjoyed from 2009-2021.
The Larger View
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.
Commodities Crack!
I have been waiting FOREVER to get this SlopeAlert, and it finally arrived! I am feeling better than ever about all my energy shorts.
The Fxish That Got Away
Sigh. I did it again. Great chartist, lousy trader. A couple of weeks back, I entered a long position on FXI March puts. On January 25, I sold them at a loss, and I felt good about that for exactly one day, since FXI went up more. You know what happened next. My puts are up over 70%, and I am absolutely certain they’ll at least reach the target I established in the first place, which is the gap at 29.54. Feh!
Let’s Resume
Good morning, fellow Slopers, and welcome to a new trading week. In sharp contrast with last week, this one will be very light on………..everything. We don’t have an avalanche of economic data, the FOMC, the jobs report, or a billion earnings to deal with. We’ve gone from waiting breathlessly for the likes of AMZN and AAPL and instead contend merely with big white balloons being shot down by F-22s and earnings data from such nobodies as Vertex and Mettler-Toledo.
Right from the Sunday open, equities have been slowly slipping lower, although, in typical fashion, the sugar-addicted bulls have been trying to bid things up for the past few hours.
A Good Day To Bet Against Stocks
