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.
I was writing on Friday about the nice looking rally setup on SPX and NDX particularly but obviously SPX was close to first resistance at the daily middle band and I was doubtful about that being broken on Friday, and it wasn’t broken then, or indeed yesterday.
This morning though, SPX has gapped over the daily middle band, currently at 3059, and the next targets to the upside have opened up, though this rally may reached a sudden end tomorrow at FOMC when, in all probability, the Fed will fail to announce that interest rate policy will be softened over the rest of the year.(more…)
In my portfolio spreadsheet, I always tuck away positions I close so I can see what they do later (I update the data so that the “entry” price is whatever price I got at the exit). Just now, I sorted all these ex-positions by percentage gain, and the biggest ‘one that got away” is Crown Castle (CCI). Looking at the chart, it doesn’t seem that impressive, but the puts I sold on it have gone up an additional 221%.(more…)