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.

Playing with Fire!

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It is exceptionally rare that I can honestly type the following words, but here goes: every decision I made today was the right one. This list is not exhaustive but, among these actions are:

  • Selling SPY puts promptly after the market opened (Made 118%; by day’s end, they were worthless)
  • Selling April DIA puts (which means all my options have at least until June for expiration now)
  • Judiciously trimming some larger options positions for more even-handed risk
  • Closing IBIT position and instead buying bonds by way of TLT
  • Tidying up the stop-loss levels of every single position.

I guess when the permabulls at Zerohedge made their top story going ‘tactically bearish‘ the writing was on the wall………this is truly Gartman level:

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Feeling the Bear

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The “feel” of the market has absolutely changed. For 2026 as a whole, the sensation of fighting the beast has dissipated, and my disposition has morphed from defensive to opportunistic. I will have more to say later, but for the moment I’ll simply offer two thoughts:

First, the prospect of a truly meaningful breakdown is looking clearer than ever……….

/ES futures with key trading range
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