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.

Why Halloween is the King of all Holidays

By -

  1. People don’t lie to themselves about how great the future is going to be, just because of an 1031-supertimarbitrary date change (see: New Year’s)
  2. Restaurants don’t rip couples off by doubling the price on mediocre food, forcing them to dinner out of a sense of obligation (see: Valentine’s Day)
  3. No giant rabbit dung pebbles in the back yard to clean up (see: Easter)
  4. No rancid hot dogs (see: Independence Day)
  5. No celebrating of murderous genocidists (see: Columbus Day)
  6. No need to spend days preparing for a huge meal and dealing with multiple family neuroses and conflicts (see: Thanksgiving)
  7. No mass patronage of the consumer society and converting cash into objects that people could just as easily choose and buy for themselves (see: Christmas)

Halloween requires zero planning, $15 of expenses for some decent candy, and allows people to dress up and have fun. Bring it on. Halloween rules.

Bearish Engulfing Candlestick

By -

Yesterday was a good start for the retracement that I’m expecting to see here, with a daily bearish engulfing candlestick on SPY. I am concerned though that there was no daily RSI 5 negative divergence at the high, and am wondering whether the high will need to be retested. Either way the engulfing candlestick, while a strong reversal signal, needs to be confirmed with more downside in the very near future. (more…)

Do NOT follow this link or you will be banned from the site!