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.
Weather Report (by Bob Kudla)
Ever since the Fed quit QE, the market has been oscillating based on OPEX. Many sites have been remarking on this as of late (so probably will not work this month) but technical patterns, seasonal s, and trend-lines suggest we take the trade short. Also, it looks likely that the market has readjusted back to levels prior to the we are going to raise rates meeting. Now what, back into the old rectangle, or as I think we are now in this new lower rectangle.
I am short ES and Biotech, but there are many ways to play this whether you are a conservative or aggressive trader.
Commodities Resistance?
Well, October has sucked out loud for me so far. Equities and commodities are surging (just as DG predicted………incredible!). Not to hang my hopes on too thin a reed, but I at least wanted to point out that the commodity ETF, symbol DBC, is at the top of its two-month range at a level that, for the third time, has represented resistance. We’ll see if we fall or break from here. Oil will be the deciding factor.
