One of the pitfalls of my style of trading is that I am always early for a trade. I have been writing for a while that I expect weakness around December 19-20. This has to do mainly with the liquidity flow or lack of it. The Fed is sucking away some US$ 20 billion on coming Wednesday (selling more T Bills) and that kind of stuff normally affects the stock price. But this was expected and known and I twitted my readers in the morning not to chase the rally. I told them that I expect weakness and when it comes I will go long. In fact about a week back I wrote that I expect SPX test around 1200 level before bouncing back. So here we are today.
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.
On Course (by BBFinance)
Another weekend. Half of December is over and people have started to doubt about Santa. It seems people are worried about not having a white Christmas. For those in doubt let us look at the daily seasonality of SPX for the month of December again.
Sailing Through Rough Weather (by BBFinance)
Thank you readers for sending some nice emails on the correct “Bottom” call. I would say “Thank you lord”. That my calls have been correct is just grace of God, not any special intelligence on my part. Understanding of the collective market sentiment will surely help.
Nightly Report (by BBFinance)
During the day I tweet many times to my readers. I would like to quote one in particular in the afternoon;
We might have reached the bottom. Max. Downside another 10 handles in SPX, but I am not betting on it. If it was me, I would close all short.
May be SPX did make a triple bottom. Whatever it is, my algorithms and indicators are saying that we have a short term bottom. I was ready for SPX 1200 +/- 10 handles, and here we are.
