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.

Allowing for More Upside

By -

I'm in a bit of a quandary. Looking at individual stocks, I see almost nothing but short opportunities. Looking at the big indexes, I see the possibility – – but not the certainty – – of more upside of a little over 5%.

The ES, for instance, shown below, has room to run up to as high as 1130.

Picture 1
I'd much prefer the market to simply resume its downturn, but my preferences usually don't matter a whole lot to the market. The word this week is earnings; those are going to drive direction, and none of us know which way things are going to go. It's discomfiting, to say the least. 

Do NOT follow this link or you will be banned from the site!