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.
Real Entry Point
The nauseating strength the market has shown since October 13th is well expressed by an industry that is running headlong into disaster: real estate. The ETF for this, IYR, has been a persistent favorite of mine, and price action is now butting right up against important resistance.
The Peso (by LZ)
USD/MXN just tagged support with the peso in melt-up mode. USDMXN is correlated with VIX over longer periods, currently VIX hasn’t followed USDMXN lower. Take your pick as to whether you think the dollar is doomed and the bull market will enter a new rally phase or this is the final move before a major bear market eruption. I bet the latter with April puts on EWW.
Brazil Will Follow DBC Lower
Any excuse to use this photo again.
Gung Hay Fat Screw-Up
I spend most of 2022 lamenting my dumping of IYR puts (which went on to a 666% gain). This year I’m focusing on my FXI dump, which are already up 173% in just a few weeks. The MOMENT, and I mean the MOMENT, the National Team came back from the Lunar New Year holiday, it’s been a bear-fest.
