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.
This month’s focus: Not Everyone Wants A Better System
Whether you manage or own a company. You’ll hear many complaints within all levels of business. Whether it be departments, customers, suppliers, or any others. Usually the first thing to be blamed is: “The system.” (more…)
With the market invalidating further downside with the move over 1642ES overnight, it opened the door to this move higher. However, we are still potentially on track for an ideal 5 wave structure to the downside, with this being a wave iv rise, in an a-b-c fashion. (more…)
The lighted place you see in the middle of the photo is where I’m at. I’ve got to say, getting up at 3:30 in the morning to watch the markets kind of puts a dent in things, but otherwise things are going pretty nicely. I’ll manage to have a relaxing weekend, since the markets are kind enough to be closed Saturday and Sunday, and then one more goofy way-too-early day on Monday before I head home. Thanks, everyone, particularly to other contributors whose posts I’ll be publishing later.
There are an intriguing number of head and shoulders patterns happening in the market these days. One of the cleaner ones is Stage Stores (about which I’ve heard nothing until I saw this chart). So…….here ya go:
Before the market opens each weekday, the first thing I do is a “disaster check” – that is, I see if any of my short positions are suffering big double-digit percentage gains due to an earnings blowout, a takeover, or what-have-you. These are pretty rare, but on occasion the opposite happens too: I get a disaster delight, like DLLR this morning. I came into the day short, having opened the position due to a terrific gap-fill, and it’s down 25% today. I covered and chalked up another victory to gap-fill trades. (more…)