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.

QID Pro Quo

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I've got a serious split personality right now.

The QID and SDS (ultra-short ETFs) I acquired near the close yesterday are up very handsomely this morning.

However, the vast majority of the charts which interest me right now – – and I mean vast – – are long candidates.

I'm closing out my ultrashort ETFs at a nice profit and am turning my attention to long candidates instead. I'll post some key ideas today. I'm not buying anything yet. I'm still sorting out candidates. But I'll let you know some samples of what I turn up.

TGIF

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Morning, All…….

I'm watching the @ES0812 with great interest. The wall of resistance above current values is pretty formidable, as was the one before.

I have a few hundred more charts to go through; I am neatly categorizing them, because there are many fantastic long opportunities shaping up. I do think "the end is near" (the end of this particular phase of the bear market), so I want to be prepared with plenty of long ideas.

After a week like this, the day is bound to be interesting.

That Bullish Feeling

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I've been unable to read comments pretty much all day long, which is unfortunate, since just about the biggest benefit I get from this blog is reading and learning from others. But I've got to get a little sleep!

I will say, having perused a portion of my charts, that I'm starting to feel a bit like I did last Friday…………that is, that there are a bevy of stocks that look like great buys simply for the purpose of riding them up to their resistance levels (which is some ways off). These could be multi-week bullish holds.

I'm going to look at a lot more charts early Friday morning, with fresh eyes, but I suspect I'll find a lot more of these kinds of charts. On Thursday, I closed out many short positions, and I'm a nervous holder of SDS and QID right now. iF the opening looks strong Friday morning, I might be exiting those in a hurry; it all depends on the open, because we're right at the cusp of a surge-or-plunge point.

Anyway, off to bed. I need to figure out what animal I'm going to be tomorrow.