Another victory for technical analysis.
Fut Me?? No, Fut You!!
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.
Spasms
Having spent most of the night awake and working on Slope, I am nearly ecstatic to report that, well more than an hour before the opening bell, we appeared to have the necessary breakthrough. Not to jinx it, but I believe we are good-to-go!! I shall now turn my attention to my portfolio, which appears to be off to a simple fantastic start to the day. Good luck out there, and I hope Slope goes smoothly for you all.
Dynamic Evening
First off, if Slope is acting odd for you, please read the prior post.
More substantively, as I stand here Sunday night, the markets are roiling. I’m not sure if it was Trump’s 50% boost to the tariffs he established only on Friday, or the Iran situation, or just a crazy-overvalued market ,but equities are down nearly 1% across the board (as of now, at least; you know how these things can turn).
Deeply Fingered
I was upset with myself last week for fumbling the FNGD trade. I have made it right, it seems, by entering it again in size yesterday. So far, so good. Full disclosure time, though: since I’m a bit of a pantywaist, I’ve taken profits on FNGD and SDS as well as my QQQ puts! Anyway, here was the lift-off on FNGD:
Credo Shot First
I would first like to acknowledge this is probably one of the cleverest post titles in the history of the written word. But that’s not why we’re here.
We all remember my post from a couple of days ago called Credope, in which I assailed myself for my clumsy handling of a trade opportunity. Well, I stand by my self-flagellation in that post, but I do want to tell you that, yesterday morning, when CRDO was sky-high, I increased my options position, and as I stand here right now not only did the position not get destroyed, but it’s profitable. So, considering these are June puts with 127 days of life in them, I’d say there’s still great promise here!
