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.

Adios, Hermanos

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I'm on the plane leaving Las Vegas as I'm typing this. I wanted to make a little time for today's post instead of waiting for tonight.

Trading has been not-so-fun for weeks now. I am not just talking about the market going up. I'm speaking more to the fact how it was much better behaved from a technical standpoint during the first three months of the year. I really enjoyed my "to-the-penny!" declarations from months of yore.

The plane is going to take off any minute, so I'm just going to throw in a bunch of charts I find interesting. They pretty much speak for themselves. I'm sorry I don't have time for commentary.

I'll be back in the morning with more time on my hands. Thank you for swinging by!

Leaving (for) Las Vegas

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I rarely have bad dreams, and am even more rarely awakened by them. But last night, I had a terrible dream that I looked at the quote screen, and the Dow was up 386 points. That was enough to get me out of bed at 5 a.m.

You'd think someone in my business would have dreams about the market constantly, but I don't. It's only happened a few times in my entire life. I'm not sure what caused this little night terror of mine – – – either it's a subconscious fear about the breakout potential of the index charts I've been looking at, or it's the ultimate contrary indicator!

In any event, the surprisingly decent retail numbers – – which caused the IWM to puff up over half a percent before the market opened – – aren't doing any magic for the bulls for far (of course, I'm typing this a mere 15 minutes into the opening bell, so the 20 points off the Dow don't exactly mean anything conclusive!)

I was surprised how many gold bulls I ticked off last night with my speculation that the $XAU was poised for a small tumble. As always, time will tell. Both oil and gold are acting nicely bearish this morning. But again, traders are barely out of their jammies, so it's too early to say.

As I mentioned last night, I'm going to be in Las Vegas roaming around the Money Show to see what's new in the world of trading technology. Say hello if you see me there! But this means my post today (Tuesday) will be quite late, so please understand. Thanks, and I'll see you online tonight.