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.
Here’s tonight’s watch-list:
Long Autodesk (ADSK)
Careful observers over the past eight years may have noticed I don’t tend to go long very often, but earlier today I bought a pretty decent-sized slug of GDX as a bounce play. Precious metals and miners have been battered to pieces lately, and although I believe firmly that gold will eventually bottom at about $1070, and miners have further to fall, I’m going to play the bounce for probably a few days. This is somewhat hazardous, of course, since prior pattern breakdowns have exhibited persistent selling for months on end. (more…)
Having closed lower for a massive one day in a row, it seems that it’s time for the Russell 2000 to have its oh-so-predictable bounce. Below is an hourly chart. The key, this week, is whether it crosses last week’s high (which would put fire under the “window dressing in December rally”) or, infinitely more desirable, slips beneath the 1,123 level. That would suggest a failed bullish breakout, which would cheer me right up. (more…)