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.

Slope End Of Day Video July 7 2011

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Just your friend Brian Johnson with a market end of day video. The bulls are just relentless up here! A pullback IS coming but it doesn’t have to be tomorrow. I’ve said this wave 3 could extend for a few more days and that’s been true so far. It could also get us into and through tomorrow so don’t count on a pullback but do be cautious if you’re long. Just keep stops in place.  


Broken Patterns Abound

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Well, here we go again. An all-too-brief selloff (parts of May and June) followed by a lurch to new recovery highs. Incredible.

There are broken formerly-bearish patterns all over the place. The head and shoulders on the NASDAQ, for instance, is history:


The Dow 30 is starting to meet the highest reaches of what I would consider the "tolerance point" for any bearish argument.


Of course, with the big jobs numbers coming out in the morning, a bit of uncertainty is still in the air. I'm keeping plenty of cash in my account in the interest of caution.