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.

Mmm Mmm Good

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Just one more day until FOMC, folks! Exciting, isn’t it?

Having gone from 100 shorts to 37 (and intending to cut further before Janet), and actually having a couple of large long positions, it’s far less distressing to see ES and NQ up so strongly. I didn’t chop shorts arbitrarily; I tried to keep those whose charts looked so outstanding, I wanted to hang on to them, maybe even though FOMC. One of them, 3M, is doing good things this morning pre-market. It’s one of my largest remaining positions, and apparently things aren’t going so hot in the land of Scotch tape and Post-It Notes. Here’s a short-term chart as well as an arrow indicating pre-market trading.

1215-mmm

Good Morning!

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Just a comment cleaner as we await Jack. As you all know, the jobs report was a blow-out, which apparently has yielded a “good news is bad” reaction from the market. For the third day in a row, crude is getting demolished, and thus my commodity- and energy-oriented shorts are doing dynamite. My only loser zone was banks, which I covered promptly at the open. A great day so far! Bring it on!