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.
Maybe the legend of Bear Force One shouldn’t be thrown into the dustbin of history after all. The market peaked at the MOMENT I walked onto the plane, and it’s been skidding lower ever since. Perhaps we can do in-flight refuels and just keep me airborne until the Dow is at, I dunno, 8000 or so.
Most traders focus on price. They watch charts, analyze earnings reports, and debate whether a stock will go up or down. But price alone doesn’t tell you much. Expectations do.
In options trading, the market’s expectations aren’t hidden—they’re built into the options prices themselves. The expected move tells you how far a stock is likely to move over a given period, based on what the options market is pricing in. While it won’t tell you which direction a stock will go, it gives you a reasonable estimate of how much movement is already anticipated. For traders, that information is far more useful than any price target.
(more…)With one foot out the door to head to the airport, I’ll leave this brief post. The market has rallied all week long, with the notable exception of the plunge at Monday’s open. I deliberately said “open” because that was the low for the week. DeepSeek turned out to mean DickSeek, because the market has utterly stopped caring (or doesn’t believe it). Even with the rally, though, the /ES has not yet conquered its most recent “lower high” and is well below its lifetime high.
Twenty years ago this month, in January 2005, I sold my company, Prophet Financial Services, to what would eventually become TD Ameritrade. In celebration of this event, and in honor of the new life I created for myself, I offer you this following piece of original cinema, which delights me. Enjoy:
