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’s nice to wake up to something resembling what I saw when I fell asleep. This sounds like the declaration of sordid frat boy, but I’m referring to the ES and NQ. It looked like we were finally ready to rally last night, and this morning we indeed are.
I have merely two bullish holdings, EFA (discussed in depth with premium members yesterday) and USO. I have my Bull Pen watch list waiting with other opportunities. I’m pleased to see my big EFA position have a good start pre-market:
I have kept track of every short from last month (although long since covered) from my entry point. Just for the hell of it, here are the three short sales which have lost more than 70% of their value from my entry point.
Of all the wonderful emails, thank-yous, and gifts I’ve been receiving, I think the best of all was from China: they had taken it upon themselves to coordinate an Internet attack on good old Slope. (This is why many of you were experiencing slowness). I thought Slope’s surging popularity was the issue, but nope. Someone in China doesn’t like that Slope style. Suffice it to say, my crack team has dismantled this problem, and things are sailing smoothly again. Thanks, Middle Kingdom!
Now, closer to home, it’s just another day in paradise. Here is a weekly chart of the ES, showing the shameless free-fall.. Let’s keep our eyes on that trendline for support.
Excuse all the back-patting today. I need to do it to keep my muscles limber. Anyway, you may recall my Why Not Zoidberg post (Actually, it was just for my Gold and Diamond members), suggesting shorting HYG. I have put an arrow on the day where I suggested shorting it. Beautiful.
Kindly refer to this post from last week. In it, I declared: “Well, since I was insane enough to make such a prediction on the biggest “up” day of literally all human history, how about I go even more insane and suggest the next major support level? Wild Ass Guess=2750 or so.” Here’s the chart I provided at the time: