Although I’m a big fan of precious metals (particularly palladium these days), and there are a couple of individual metals miners that I think are terrific long positions…………
Why I’m Short GDX
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.
Independence Flay
During all of yesterday’s zaniness, i forgot to mention that I did my 42,000th post. Actually, since Slope lived for a few years elsewhere before winding up on this platform, there were thousands more than that, but still, let’s share a cupcake or something to celebrate.
As for the market, I’m ready for a cupcake since the /RTY rally faded. I woke up briefly last night and glanced at the market at the time where the arrow is placed, which kind of bummed me out for obvious reasons. As I’m typing this, the /RTY has actually slipped into the red. What it needs to do is cut below that green line, so – fingers crossed.
Lord Have Mercy
The Megatop Flops
I did this post on Centene (CNC) two weeks ago, in which I described their chart as “a top spanning half a decade”. Well, it’s getting blown up after hours by over 20%, so I’d say that wasn’t a bad guess!
Navigating DIA with Bear Call Spread
The Dow Jones (DIA) has been on a tear, surging 5.5% over the past seven trading days and 23.5% since the lows, shaking off any lingering bearish sentiment…for now. Market indicators have swiftly flipped from cautious to exuberant, reflecting a rapid shift in investor mood. However, my focus isn’t on the market’s emotional swings, bullish or bearish chatter is just background noise. Instead, I’m zeroing in on DIA’s current overbought conditions over numerous time frames, which signals a potential opportunity to fade the rally using a disciplined, high-probability approach.
With DIA trading around $445.50 as of July 1, 2025, I’m eyeing a bear call spread with a 30- to 50-day horizon, aiming to capitalize on this overbought state while maintaining a margin of safety. My goal is to structure a trade with an 80% to 85% probability of success, exiting well before the August 15, 2025, expiration to lock in profits early.
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