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.

Oil Salesmen

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Accomplished traders know that the news has little to offer other than occasional context, and mostly entertainment value. This chart is our latest installment in the category of you-just-can't-make-this-stuff-up.

Greasenews

Look at the two articles published by Bloomberg recently. Then, compare the dates the articles were published to a daily chart of WTI futures.  Oil was getting ready to launch for the moon. The orange arrows point out the specific days that Goldman and Barclays issued their bullish reports. Sure, the odds are pretty good that the light, sweet, and sometimes crude stuff will hit $100 this year. But for now, all we have is entertainment value.

For your reading enjoyment, here are links to the full articles:

Brent at Nine-Month High on Chicago; Goldman Sees Tight Supply - Goldman Sachs

Oil May Head to $100 With Two-Year Support - Barclays

Apple's Quarter Was Lousy, But Stock Still Headed To $1,000 – Forbes (sorry,couldn't resist)


Originally published at Trade Flight Plan.

Riddle Me This? (by Bob Kudla)

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A couple of weeks ago I posted that the Fed ran out of suckers and conduits to keep the equity markets rising higher.  Last week we saw our first pullback, as oil, gasoline, Natural gas, the Yen, volatility, bonds and the precious metals were all squeezed or rotated out of to try and creating, the all is good, wealth creating, perpetual motion machine, capital gain generating, equity market.

The boyz ran out of runway, and had to throttle back for another try. 

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What a Bargain!

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It's reached the point where if I dare even say that this market is overpriced, I am admonished by some Slopers as to all the great breakout patterns that exist out there, and what a fantastic market this is to buy.

OK, well, you can buy it with your own money. I think the market is more overvalued than 2007, and buying into a chart like this makes as much sense as………oh, I dunno……….having the First Lady of the United States be the featured presenter as the freakin' Academy Awards show. Bread and circuses, people. Bread and circuses.

0225-DIA

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