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.
Slopers have been very helpful giving me some guidance in choosing which of the nearly 200 submissions I received would make the best logo for SocialTrade. There’s a pretty major news article appearing about the site in a few days, and I’d like to get things spruced up before then.
I’ve narrowed down the huge list of submissions to five choices. Could you please check off which one of these is your favorite? Please consider it carefully, because your vote makes a difference. Thanks!
Five stocks with strong continuation patterns are Patrick Industries (PATK), Builders FirstSource (BLDR), Louisiana-Pacific Corp. (LPX), Altisource Portfolio Solutions S.A. (ASPS), and XPO Logistics (XPO).
PATK has been in a beautiful rising channel since November of last year that has taken the stock up seven-fold from 2 to over 14. Its surge on Monday of 1.24 to 14.14 took it to the top of its triangular ascending channel, positioning it to break above the resistance line from March.
BLDR similarly has risen since November of last year, in its case three-fold from the 1 1/2 area to Monday's close of 4.35. The stock has been in a sideways channel for the past three months, and its rally of nearly 10% in the last three sessions positions it against its resistance line, poised for a possible breakout.
I read an interesting piece last night over on ZH about how Goldman Sachs is expecting The Bearded One to announce a $600 billion program tomorrow to keep gutting the country's future for his banking friends.
As the quote shows below, ZH expects gold to go stratospheric. Judging from the action today (all assets are up, with the notable exception being precious metals), I'm not so sure.
Last night I also noticed a big bump in my Twitter followers. Curious, I checked my timeline, and I discovered Slope was featured in a list of Top Finance People to Follow on Twitter, an inclusion I appreciate. If you aren't following me yet, help get us over that 7,000 mark and Subscribe today!