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.

Bank On It

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I’m a good dad. A loving husband. A pretty bad bass guitar player. An excellent chartist. And a lousy bull.

As I mentioned in the comments section, I took my profits on my QQQ calls and I also took my profits on my XOP and XLE puts (which, in a strange way, were “bullish” plays, since the relaxation of crude’s price was definitely associated with equities breathing a sigh of relief). To be clear, I am not at ALL aggressively positioned now, with 50% cash (a level not seen for many months). I am in “watch and wait” mode, and would respectfully suggest the level below on the financials as a prospective places to get bearish once more.

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Fiscal Flop

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Today was an important step forward in the market’s breakdown. When the biggest banks, which have unlimited access to however many trillions of dollars they demand from the US Government, can’t manage to blow earnings expectations out of the water, you know something is wrong. From a charting perspective, the financial sector leaped to the other side of its breakout (note arrows), thus completing a failed bullish breakout.

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