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.

Don’t Buy a Bear Market

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Maybe yesterday was just a fluke. We are, after all, back in a bear market, and yesterday's relief rally seems to have fully shot its wad.

My worst loss today, by far, came from a long IWM position. The market has been desperately trying to hammer out some kind of short-term base, but each time it looks ready to rock, it falls to pieces again.

The most persistently bullish chart in the market right now is, of course, gold. Now that it's broken above this huge ascending triangle pattern, shown below via GLD, it's hard to say just how high it could fly.