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.

Chart on AAPL (by Mike Paulenoff)

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The good news just keeps getting better for Apple (AAPL), as investors and consumers prepare for the release of the iPad (Apr. 12th?). In addition, according to the press, the company intends to build a new iphone that will accommodate other wireless carriers like VZ, and S, which will increase the iPhone's appeal tremendously, and also has increased interest in the entire wireless space. As for AAPL technicals, well… all roads NOW point to 244-248 as the next target zone. However, we all know that Wall Street is in love with the stock (for good reason), which argues for another round of upgrades probably targeting $300+. 

At some point, AAPL will need a rest and will be impacted by profit- taking, but who knows from what level? With that in mind, we can only identify warning signals that might alert us to a reversal– the first being a sustained downside violation of 230.00. That said, only a violation of 220.00 will trigger serious sell signals.


Originally published on

LQD Lunch

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My understanding is that the bond market tends to be a good deal wiser and less prone to chicanery than the stock market, and thus it often serves as a vital clue to when a market is about to head lower.

On March 16, LQD – the ETF based on investment grade corporate bonds – had a nice bullish breakout which should have presaged a steady series of much higher prices. Instead, on March 24th, the breakout failed, and the pattern is invalidated.

Failed bullish breakouts at the top of hugely upward runs are a favorite of mine, so I shorted this a day or two ago. It's a slow mover, but I think it could easily be worth a couple of points on the downside.