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.

Silver Starting to Work with the Major Cycle

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Today (Wed 17th July 2013) silver was slammed down, so it time to review the dominant cycle to see where we are.

Silver Etf (SLV) has a very strong weekly 210 period cycle and it suggest that there is little down side to go, however SLV could still print between $15 and $17 in the near future. As always watch for a base to build before jumping in. (more…)

IBM Earnings

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IBM will be announcing their earnings after the close. The last time they did, in mid-April, the stock gapped down hard (only to recover the losses in the weeks following). I don’t have any particularly strong feelings about the direction of the stock, thus I have no position, but I’ve marked a couple of important prices points below for tomorrow’s post-earnings action. If we break the pattern I’ve shown with those parallel lines, it could drag the market down (although, as we’ve seen today, even a couple of Dow stocks taking a tumble isn’t enough to move the entire market lower). (more…)

Tesla Trend Change

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Yesterday, Tesla slumped nearly twenty bucks on the second strongest volume in its history as a public firm. My view is that the incredible run-up has stopped and that traders are going to take on a defensive posture. Today’s bounce is just that – a bounce – and I think prices will weaken again. Earnings come out August 7th, and given the stock’s still very-rich valuation, the numbers had better be shockingly good. (more…)