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.

Slippery Oil

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Happy Father's Day, Slopers! This father is still in beautiful North Lake Tahoe with his family and, as always, has charts bouncing around his brain.

Crude oil has doubled in price in the span of just a few months, and given this market's adherence to the Fibonacci fan lines I've drawn, I see this entire sector as a tantalizing short.

0621-crude

I am already in position by way of being short USO as of a few days ago, and I think crude has a very good chance of losing at least $10 from these levels, so this is a position I can hang on to for a while longer – – I think I'd cover in the low 30s.

0621-uso

Have a good Sunday, everyone!

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