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.

This Market Is All Long (by Ultra Trading)

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After being beaten for months, shorts have truly capitulated as represented by NYSE short interest.   We've seen endless short covering rallies the past few months but those rallies are running out of fuel.  What happens when the market begins to roll over?  Longs are all invested with cash levels at record lows, while shorts have covered.  Who puts a bid in the market?

When this market corrects and it will happen someday,  there will literally be no one to squeeze.  The bulls will have to rally the market themselves and not the bears for a change.

Submitted by Ultra Trading.  If you would like to read more please visit - Ultra Trading


Action in Financials

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I would like to get you thinking about financials into the weekend. All the big financials had unhealthy action today in addition to not closing at the highs as the major indexes did. It was not good. The BKX, WFC, C, JPM, BAC, AIG, GS…and a host of others all posted bearish chart patterns that look like they are going to resolve soon…additionally this pennant on BKX looks like a continuation pattern…

Additionally, the transports did not have an especially strong day either…

By the looks of things its about to get interesting…

for a more detailled view of this chart click here

for a more detailled view of this chart click here