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.

Consolidation or Top? (by Springheel Jack)

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The case for a retracement here hasn't been growing stronger as ES has continued to hold the 1491 to 1511 range over the last few days. The helpful double-tops on EURUSD and CL have both played out to target, and it may be that the downtrend on both has ended. Meantime ES has been holding above the 50 hour MA since yesterday morning, and that needs to break soon for the bears to be in with a chance today. The 50 HMA is now at 1506, trendline support from the 1490.25 test is at 1504.25, and if ES can get below those there is further support at the 200 HMA in the 1500.50 area, a level not generally broken in uptrends and it held at the low yesterday morning. Until we see ES back under 1500 the obvious next move is up:

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“Canaries” Look Tired (by Strawberry Blonde)

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I last wrote about what I call the Fed Monetary Stimulus Program "Canaries" in my post of January 11th. I have six of them…namely ETFs compared (by ratio) with their respective Stock Market Index. I chose these in order to determine relative strength/weakness, which may hold clues for further accumulation of riskier assets. At that time, five of the six were poised for a breakout above major resistance levels, and the sixth (European Financials ETF) was picking up steam and outperforming its Index.

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Trade Like An Idiot (by phantomcapital)

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We, as traders, are analytical and intelligent people.  We love numbers, charts, patterns, and correlations.  We are thinkers, always trying to read into
the future of the market, predicting where prices are going, and figuring out
how to profit from these moves.  While
these are great attributes to have, they can often be detrimental to a trader's
success.  Hold on, you ask, how is the
act of thinking bad for trading.  Its
called a trending market; or as I like to call it The Idiot's Tape.  Simply, in a trending market, thinking too
much can be hazardous to a trader's financial health.

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A Trio of After-Hours Drops

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I can't remember the last time I was so uninspired to write about the market. This up/down/up/down insanity is enough to tear your soul out. I'm going to go Fully Lame on you and just show three charts that, after hours, are dropping substantially. I've tinted the zone where they're trading as of this writing.

Yo, guest contributors! Throw your fellow Slopers some content! I cannot be relied upon for anything inspired today!

0206-AKAM

0206-GMCR

0206-IRB