I’m only an hour into the trading day, and it’s been quite a party so far. I have ramped up from medium-aggressive to hot & heavy, taking advantage of this morning’s ceasefire strength.
Fully Cocked
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.
Ursinela Andress
Well, for anyone who lost sleep over my SPY $660 put options, it worked out great with a nearly overnight doubling. Below I’ve marked where I bought them with green arrows. I bought my first block (intending it to be the entire position), but after that lying sack o’ shit Bibi did his ridiculous “all is well” press conference and blasted markets higher, I threw caution to the win and DOUBLED the size of the position. The red arrows marked the places where I sold ’em off, fast as a sumbitch. HUZZAH!
Something’s Coming
They aren’t making this easy for us, are they? Looking at the past few trading days, we’ve got a triple-black diamond level of challenges in this chart, because in just a matter of days we had:
- a terrifying inverted H&S pattern which suggested a huge rally ahead;
- a breakout (blue) that signaled the rally had started, only to fail almost instantly;
- another bigger breakout (red) suggesting that, nope, this time is was for real;
- only to be followed by an outright collapse to last week’s lows
FBBs are My BFFs
It’s a good thing I slept through this.
Below, on the /ES, the market climbed for much of the night for no particular reason. Yesterday we broke out above resistance, and overnight the market bested even that insanity, egging the bulls on based on assurances from their dizzy leader that the war is “over.” It would have been a dismal sight for your dear friend Tim.
Marilyn Munro
I am loathe to cover anything these days, but I went ahead and took 30%+ profits on my Munro (MNRO) short, even though it was falling practically every day. I gave myself the excuse that it was getting close to its price gap, but between you and me, I’m probably going to regret this.
