When 2020 began, it began with a bang, at least for one guy. And the effect on the market was instant.(more…)
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.
Further to my post of January 5, the following provides an update on price action as of today’s (Thursday’s) close.
The following monthly chart shows the SPX, GOLD and OIL in comparison format, as well as their respective high, low and today’s closing price for January, so far.
The instrument currently facing the “path of least resistance” is the SPX. It shot through prior near-term resistance (now support) of 3233 and continues to rally.(more…)
In spite of the China trade talks apparently going absolutely nowhere, it’s a terribly quiet morning. As I am typing this, the SPY is up all of .06%. Incredible, isn’t it? In any case, below is one of my favorite shorts right now, Cabot Oil & Gas (symbol COG). I’ve updated my stop to 18.11:(more…)
I’ve got five different vertical spreads going, but they’re all leaning toward the bearish side. Just to mix things up, I’d like to offer a long idea for a change: the energy sector, as represented by symbol XOP.(more…)
And contrarianism wins again.
Not even two weeks ago, everything was breathless about this news:(more…)
I am doing a lot of scalping/day trading these days, and my best position at the moment is my short in XLE, the energy fund. Here it is with a trio of exponential moving averages.