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.

Financials: You Are Here

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For the entirety of 2018, I have been obsessed with the analog between the present year and a decade ago. This has been unfolding absolutely beautifully, and one of the reasons I love this market (four words I haven’t been able to say in a very long time) is how chart-friendly it is and how magnificently the financial stocks are breaking down. I suspect we have a long, long way to enjoy this calamity.

FINANCIALS
The analog abides

Financial Failure

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I am having, as you might guess, a good morning thus far. I wanted to note that, regarding financials:

  1. I sold half my XLF puts this morning for a 70% profit. I absolutely intend to double this position later when I think it is appropriate;
  2. I covered my XLF short and a smattering of financial stocks.
  3. I am selectively covering issues here and there, but intend to remain well over 100% committed. Just not as much as before.

The financials have made an important price gap down. The next task is to break October support. Good luck, Slopers.

XLFDOWN