I am going over the final edited version of my forthcoming book. I thought I’d share the Preface with you to give you a taste as to what it’s about: (more…)
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.
Aegean Lift-Off
A couple of my “long” ideas have been doing well today. One of them, mentioned repeatedly, is ANW, shown below. Another – which I’m not going to bother charting, since it’s being bought out – is MAKO, which is up about 90% today alone. Funny how this bearish blog’s best picks have been on the long side………. (more…)
Time To Dump The Trash
It looks like it just might be time to start dumping the trash… low quality stocks that is (or stocks of just about any quality for that matter). At a glance, the commonly followed overall breadth measures such as the $NYAD & $NAAD (NYSE & Nasdaq Advancing vs. Declining issues ratios) have indicated that the recent highs on many of the major US indices were broad based, accompanied by relatively healthy internals. 
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Polyester’s Sweet Revenge
Retailing dinosaur JC Penney has been discussed from time to time here on Slope, including this post early in August in which I pointed out the stock was breaking an ancient trendline and, in spite of looking “cheap”, was vulnerable to continued weakness. Well, weakness has ensued mightily, as the king of leisure suits is getting pummelled to price levels that were equal to those in (and I’m not making this up) 1972. (more…)
Bounce Failure at ES 50 Hour MA
That was a very nice bounce setup coming into yesterday morning, and it improved with the initial spike down as a double-bottom formed on SPX to join the one on ES. Both double-bottoms broke up but soon ran into a wall at the ES 50 hour MA and failed there, which was bearish. Overnight ES bounced again and failed again at the 50 hour MA, currently at 1693, so that is main resistance coming into today and the bulls have nothing unless that can be broken. ES support is gap support in the 1683.75 to 1687.25 range, and if that breaks the H&S target is in the 1649 area. ES 60min chart: (more…)
