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.

SPX: Trade With Caution

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Isn’t it amazing what Central Bankers can do for markets. Case in point is this compressed view of the S&P 500 Index (SPX) in “area” format (monthly chart below). It’s virtually been on a tear since the bleeding from the financial crisis of 2008/09 was abruptly halted with their intervention and injection of monetary support, and it hasn’t had much of a correction since then, relatively speaking.

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Two Views of Tesla

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There is some after-hours excitement regarding Tesla, with the stock up about 8% or so, prompted by strong car delivery figures. I wanted to offer a couple of alternate viewpoints on the same chart.

The first, a bearish one, shows the absolute mountain of overhead supply. Even taking into account the rise after hours (which SlopeCharts has done for us below), all we’re doing is crawling back up to the failure point.

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Synthetic Straddle (by The Director)

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One way to play for both a gain or loss in a stock is to buy a straddle. This involves buying a call and a put at the same time wherein a certain degree of gain or loss in a stock will result in profit, and if there is no or small movement in the stock’s price, there is a small loss that will increase with time. In addition the straddle does better in rising volatility, such as prior to earnings, and worse in pre-existing high volatility which is dropping.

Another strategy that can take advantage of a potential directional opinion, is to obtain a straddle with a mix of stock and options. One can use synthetics to achieve this.

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Just Be Normal

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In the autumn of 2017, just for the hell of it, I decided to put on my bull outfit and choose what I considered were the best patterns for long positions. I then bought a pretend $6,000 of each one of them and left it in my spreadsheet ever since. Here is where the portfolio stands right now (the rows show the symbol, the net dollar change, the net percentage change, and the present value compared to the original $6,000 investment):

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