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.

Thank You, Leonardo!

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There’s just no two ways about it. Absolutely extraordinary.

In my epiphanic post from March 21st, I stated, in part, “Should we rally to 270.14, either now, or many weeks from now, that’s going to be a lead wall. It also, I believe, will mark the start of an even larger selloff.“

Well, we did indeed rally, thanks to the impotent and treasonous Jerome Powell and even more evil Steve Mnuchin throwing trillions of dollars at our dying nation, but we didn’t even reach my target. Instead, it nailed – – and I mean NAILED – – the Fibonacci level. Just jaw-dropping. I’ve marked with an arrow my “epiphanic” target.

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Liberation Day

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Today is the last day of the quarter. For me, who manages a small hedge fund, that is terribly exciting, because I don’t have to wring my hands with worry about guarding my Q1 results. I’ve got an amazing quarter under my belt, and, frankly, I don’t have to worry about messing it up. I feel far, far more enthusiastic about getting aggressive by day’s end than I did even yesterday.

And what a quarter it has been. Surely in the long history of United States financial markets, if this isn’t the most amazing quarter in that entire span, surely it ranks in the top four. What I’ve had the privilege of enjoying just this month includes:

  • Some of the best trading of my life;
  • Far and away the biggest surge of subscribers ever, in the midst of celebrating Slope’s 15th birthday;
  • Some amazing product/feature breakthroughs on the site.

And we’re only one-forth of the way into the year!

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A Base At Last

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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:

efa
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On a Dime

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And verily God continues to smile upon Slope.

This morning, I took the very uncharacteristic tack of going bullish. I had trimmed puts. I had covered shorts. And, hold on to your hats, I bought call options in SPY, GDX, and XOP.

I also did a special post for my Gold and Diamond members laying out what I thought would take place in the coming weeks. Here is a redacted presentation, with a key word highlighted.

predict
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