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.
There’s an old saying about how you don’t regret the things you do, but the stuff you don’t do. That definitely applies to trading. For weeks I prattled on about the introduction of Bitcoin ETFs would end in tears. The rainbow told us everything we needed to know.
I continue to believe that shorting XHB (homebuilders) is one of the most appealing long-term opportunities in ETF-land.
This trendline did precisely what I was hoping it would do, which is why being a bear hasn’t sucked out loud for far in 2024. Frustrating, yes, but still profitable.
Viewed over their entire common lifespan, the QQQ (NASDAQ 100) and SMH (semiconductor index) funds have, in the end, performed almost identically. You can see how badly semis lagged for a huge chunk of this chart (black lower than blue) but they have “caught up” admirably thanks to the likes of NVDA and AMD.
Below is the real estate fund symbol IYR. About a month ago, it was repelled beautifully by the two drawn objects: one, a major Fibonacci resistance level, and two, a long-term descending trendline. It has fallen hard since then, as God intended, and now it is even breaking the next Fib lower, suggesting the prospect of moving into an even lower range, which I’ve tinted.
