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.
Today absolutely sucked for the bears, and I’ll have more to say this weekend when I have the time. What I will say however, is that now that Powell has gone FULL PIVOT, the fact that tech stocks couldn’t even muster anything more than an inside day kind of tells you everything you need to know. Be prepared.
I don’t think I’ve ever traded Eli Lilly (LLY) in my life, but I bought one, count ’em, one put today on this nearly $1,000/share sucker. I’ve got a tight stop, marked with that dashed red line.
Until recent, I never bothered trading any of the household names like Meta, Google, or Microsoft, but I’ve gotta say, these multi-trillion dollar behemoths are looking like some of the best short opportunities these days (with the added benefit of never having ridiculous 20% bid/ask spreads on the options!)
