Slope of Hope with Tim Knight

SlopeOfHope.com - New Site!

If you've somehow wound up here, please go instead to the new site at http://www.SlopeOfHope.com

Thanks!

Making the Move

I am going to be pointing www.slopeofhope.com to my new blog platform starting, oh, about now. This takes a little while to propagate, so sorry for any confusion. I'll be doing a post for today soon on the new site.

Low End of Range or New Hope?

Well, now that day after day after day of bad economic news has consistently rained down on the market, finally the markets are moving down in a meaningful way. It's about time.

But looking at the chart, it's hard to say what happens next. Is this simply yet another move to the lower end of the range, or are we positioning ourselves to begin breaking down again and start partying hard once more?

Being a bit of a wimp, I've closed out 75% of my index positions at great profits and now am holding on to a small $RUT put (and, as usual, my bajillion equity puts).

As for the new blog platform, I still have to read the comments, but I am planing to formally move slopeofhope.com to the NEW site this evening. We'll see if that happens or not. If it does, I'll stop yapping about new versus old and will simply focus on continuing my posts as normal. Thanks!

Sneak Threak

OK, I'm getting closer and closer to "jumping ship" to the new blog platform.

Please check out today's post.

COGs

Good morning. Here's one opportunity you might consider - - COG seems badly stretched to the upside. Not a wildly bearish pattern, certainly, but you might make some green on any deflation in the energy madness. I'm buying a few puts myself this morning.

Another very different COG is shown below - one of my favorite commercials of all time. It's got a fascinating history. Enjoy!