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.
Long-time readers know I'm not a big fan of travel. I am notorious homebody. I like to be with my dog, my chickens, and my nine computer monitors. I like my chair. I like my 50 megabit connection to the Internet (plus two backups). I like my Peets 7-pump chai at my side. And so forth.
But family travel calls, and thus I am here in Virginia Beach. I am doing the best I can with three laptops and a lame-ass wireless Internet connection (whose speed, I kid you not, clocks in at barely half a megabit).
On top of it all, my famous Blogger's Guilt was in full force today, as I was on a cross-country plane trip without WiFi. (United Airlines is still catching up to 1970s technology). Thus, Slope of Hope was pretty lame today, although it still garnered very strong traffic. (Thanks, Iggy, for helping holding the fort down!)
I will be traveling extensively today, and in the event that my plane doesn't have WiFi, this "open discussion" post is going to have to suffice for the rest of the day (I may put this up in advance of my flight, not knowing the WiFi situation, so – who knows – this post may be up only an hour or so).
Anyway, be strong, and talk amongst yourselves.
Further to my post of April 10th, there was a small overnight bounce today in YM, ES, NQ & TF, but no real advance during market hours, as shown on the 4-Hour charts below. Price remains below an immediate sharp downtrend line for now and is, therefore, still subject to further downside pressure until it's broken (with confidence) and held as new support (which is basically at today's high).