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.

Just Be Normal

By -

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):

(more…)

Countdown

By -

Well, folks, just ten trading days to go this year. I’m in a constant conversation with myself about how much risk to take. I’ve got a good profit. Do I just go to all-cash and guarantee it, thus avoiding the traitorous and self-serving actions of the clearly-cowardly Jerome Powell, or do I boldly try to enhance the profits until the bitter end? Dunno. The market isn’t exactly screaming “bull-party” at the moment. 2620 was the key, and last night’s attempt at a rally flopped before it even got there.

In all likelihood, I’ll remain relatively aggressive up to the Fed meeting. If Powell slips on a pink taffeta dress and runs shrieking in terror from having his feels hurt by a Trump tweet, then I’ll probably just shut ‘er down for the year. Wednesday is the pivot point. It’s going to be exciting.

The Big ‘Uns

By -

I have been flopped on my hotel room bed, looking at hundreds of charts (what else would one do on a hotel bed?) I’m pretty excited about the week ahead. Let’s face it, Jerome Powell’s message on Wednesday is probably going to be the Last Big Event of 2018.

I’ve got a lot of great positions, but the biggest fish are the ones that got away. Here are some charts whose bearishness I trumpeted many times, but, frankly, I didn’t engage with. Maybe I lacked the patience, the testicular fortitude, or something else. They’re still fascinating to me:

(more…)

Who’s Winning?

By -

Don’t let my Herculean physique fool you. I’ve never been an athlete. Not even once. In fact, I don’t even like perspiration. The only exercise I get is swimming, and that’s because I don’t have to deal with sweat, which I find sort of ewwww. So, yeah, I’m a man’s man.

My beloved children, however, are all top-notch fencers, and they tour internationally. We travel as a family, the gallant Knights and their swords, which on occasions like this pulls me somewhat away from my normal prolific nature.

(more…)
Do NOT follow this link or you will be banned from the site!