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.

Slope Goes Slow

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Hi Everyone………I'm typing this three hours before the close, and so far the day is going really well.

I am preparing for a final winter sojourn to Lake Tahoe, and thus will be "going dark" for most or all the remainder of the day. My posts will also be a little less frequent through next Thursday (yes, I know, this ranks up there with "the check is in the mail", and "another bus is coming right behind me", but you know what I'm trying to say).

I apologize in advance for what's bound to be a large comment thread, but I'm afraid it's a necessity for now. Good luck with the rest of the day, and congratulations on surviving an "interesting" week!

Energy Looks Prone to Weakness

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I was going to do a post titled "Maybe Atilla is Right". As I'm looking at all my index charts, I'm impressed by just how much resistance there is in this market, and how poised equities seem for a renewed turn downward. I'm not ready to join that camp, but if the market does really plunge, we've got to throw the guy a parade or something, because everyone else (including permabears EWT) have thrown in the towel.

Energies have been good for me on the long side over the past week, but I think they're about to turn weak. I shorted a bunch of XLE this morning. OIH, shown below, also looks it has a very serious resistance level at 88.15