I guess we can all finally agree my energy bearishness was correct.(more…)
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.
It actually makes all the sense in the world. A week ago, when the ES was at the most absurdly, laughably overpriced point in human history, even ZeroHedge was posting statements from the vermin at Goldman Sachs about how the market would simply keep going up because the of the goddamned Fed. In other words, why WOULD’T it keep going up? And, in all seriousness, it’s tough to argue with that.
I normally do just one or two premium posts a week, but yesterday alone I did three. I wanted to briefly touch on all three and do at least a tiny victory lap.
The first one, Backing Off, stated I was closing out some positions, including a big QQQ August put position, in light of the trendline. Looks like that was the right choice!(more…)