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.

Baby Got Back

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Since the markets are hardly electrifying this morning (as I’m typing this, the Russell is up two-hundredths of a single percentage point – be still my heart), I wanted to just say a few words about my conversion to a “standing desk”.

Some weeks ago, after back problems started to become very real in my life, I decided to do something I’d never done before and convert my entire home office to a standing format. I didn’t do this based on doctor’s advice or any other outside counsel; I just figured it made sense not to sit on my butt ten hours a day.0408-standing

It was awkward and uncomfortable at first, but after about a week of adjustment, I was totally accustomed to it. Many thoughtful readers wrote with tips, particularly with respect to getting a soft mat on which to stand, which is definitely a must-have.

I had sort of forgotten about the entire affair until I realized the other day that I hadn’t had even the most minor back pain in weeks. My Aeron chair has been tucked in a corner of my home office all this time, unused and unloved, and I’m definitely going to remain standing, particularly since I spend so much time working.

So many people had written me about this presumably-boring topic that I thought I’d just loop back and say I’m delighted with the results. I will also add that the individual picture in this post is not me, since the positive effects to my body did not go that far.

Topping is a Process

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There was much talk on Friday about how the strong bounce from 1539 SPX was a sign that this market just can’t go down etc etc etc. Obviously that’s rubbish, and the reversal was an almost exact reversal at the candidate H&S neckline that I’ve been looking at for the last few days. Encouragingly for the bear side, and as I also mentioned, the low broke the rising channel on SPX from the November low, so that is no longer support for this move from there. On the SPX 60min chart the next obvious moves are, as I posted on twitter on Friday, either to make an H&S right shoulder with an ideal high in the 1562.5 area (preferred option) or to retest the high and possibly push a little further to test or slightly exceed 1576 to make the second high of a double top. Either way the pattern downside target would be in the 1505 area:

130408 SPX 60min Rising Channel Broken

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