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.
Tim Knight in 1992 founded Prophet, a wholly-owned online software company that was acquired by Investools in January 2005; he served as Senior Vice President of Technology for Investools from 2005 through 2010. His book, Chart Your Way to Profits, published by John Wiley, offers a solid introduction to both technical analysis and the ProphetCharts product. He has also recently published a compendium of this blog’s writings, The Slope of Hope Bathroom Reader.
An active trader and chartist, Tim founded Prophet to provide market data to self-directed investors using stand-alone technical analysis software. With the advent of the Web, he envisioned providing the power of these expensive software packages with browser-based convenience – enabling traders to focus on their analysis, instead of worrying about software upgrades and database issues. His online technical analysis suite at Prophet.Net delivered on this vision. Prophet was in “the cloud” before there was a cloud.
In his professional role as a full-time money manager today, Tim relies on technical analysis as the primary basis for his investment decisions, and he leveraged his passion for the markets to fuel the innovation for which Prophet.Net is known. In fact, Barron’s and Forbes consistently named Prophet.Net the #1 Web Site for Technical Analysis.
Before starting Prophet, Tim was Vice President of Technology Products at Montgomery Securities in San Francisco, where he led the development of an institutional online-trading platform. Additionally, he has held various positions in marketing management at Technical Tools and Apple Computer and is the author of 20 computer books. You can subscribe to his Twitter feed by clicking here.
Message from Tim: Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
In tonight's Short-Term Update from Elliott Wave International, I found this chart of sentiment (used with permission) quite fascinating:
Optimism has returned to the levels seen in late October 2007 when the S&P was well above 1500! Bulls are everywhere! Cramer is actually uttering the phrase "Four Horsemen" again! It's as if November 2007-March 2009 never happened.
My snark-o-meter continues to peg pretty high. Fistfights are breaking out at other blogs. Slope tends to hold the high ground in terms of etiquette and comment decency, although some modest snarks are appearing here and there. And I would remind those who sneer that this is a "bearish blog" that I was quite vocal about being bullish on energy and commodities, which have performed spectacularly. So foo-foo to you.
It appears there are some of you who don't spend every waking hour on Slope, and thus the blog platform change was completely unknown to you. Many of the features to which you grew accustomed on the old blog are gone, but most will be returning. A notable one is the watch list feature, which resembled this:
Rest assured, Slope is going to be better than it ever was. I've performed a few miracles to change platforms and move thousands of old posts over in the span of three days, so just give it some more time.
Finally, keep an eye on the EUR/USD. Its ascent has been driving just about everything higher, and it's reaching an exhaustion level. Once this turns down, you can expect energies and commodites to follow suit.
Well, wasn't that another fun walk through the park?
The question is whether we've broken out or not. We certainly exceeded January's high, but we closed right at the breakout point.
Commodities continued to be on a tear, DBC, DBC, DYY – – they're all looking sensational.
I'm making some minor adjustments on the blog now, so excuse me for a while……….
I hope you Slopers are doing OK on this, the 89th day of Captivity of Sanity. We pray that our bear market, held hostage since the first part of March, is being treated humanely by its captors.
Everything is going up. Everything. Interesting little mania we've got going on here.
High-quality blue-chip organizations like Thrifty Rent-a-Car have gone up 1,350% in just three months.
When "stuff" like this is floating, well, I think you know what I'm going to say. The bottom line is that there was a reason it fell from $56 to 60 cents in the first place, and I realllllllllllllly doubt that reason doesn't exist anymore.