Oh, dear. Bulls, bulls, bulls. You really wanted to squeeze me out through the Gates of Cowardice, didn’t you? They BLASTED the market higher, shrieking toward the /ES Fibonacci this morning, right after the opening bell.
Oh, No You Don’t!
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.
Conserve
Well, I knew it wouldn’t last. I was having way too much fun last week for the market to just keep burning to the ground. I will say, however, it’s not a surprise. We got within spitting distance of a major Fib level (circle).
Beating The Market While Hedging
PREMIUM: Where We Stand
Earlier today I did a premium post which stated I would be going long bonds. Indeed I did. I bought a bunch of calls. If you know me at all, you know how short my long positions last, and I got out of it already at a nice, quick profit. Suffice it to say I’m back to “pure bear” again, albeit with 50.8% cash.
This has been an amazing week; let’s look at the ES:
Look Over Your Shoulder!
Good morning, Slopers! Isn’t this market a blast? And I say that on a morning when the quotes are ALL green. Doesn’t matter……….this is the most enjoyable and most CHARTABLE market I’ve seen in years.
Of course, the mainstream media, which is 99.99999999% permabullish, is spending all its energy looking for reasons for the market to bounce and stating just how insanely oversold things are. Here’s a favorite (take note of the headline……..):
