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.

What’s Next for Naz

By -

Well, if you notice some of my eyebrows being singed, it’s because of Facebook (META). I came into the day long some August puts, and, thanks for the company’s blow-out report, I dumped them for a not-very-tasty 40% loss. Incredibly (and perhaps foolishly), I am steadfastly hanging on to my QQQ puts for the moment, which expire tomorrow. We shall see! As for the NQ in general, in recent days we seem to be hammering out a clear series of lower lows and lower highs. It’s kind of all up to AMZN at this point, which reports after today’s close.

Nine Lives

By -

The market has felt really good lately, so let’s take an opportunity to survey nine important index charts, about each of which I’ll say a few words. First there is the All World Index, which is kind of ground zero for my entire “face-off” theory. That is to say, we’ve got the opposing forces of a bearish top (pink) and bullish base (green) which have met on the line of scrimmage and have to resolve in one direction or another.

As you might guess, my desire is for the price to not “escape’ above the bullish base, and instead to slip below, on to the right, of the pattern, thus spoiling it. There’s no definitive answer yet, but recent trading sessions have definitely nudged things in my desired direction.

(more…)