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.
In 1982, I wrote my first book, The World Connection, which was published by Howard Sams Publishing in early 1983 when I was still 16 years old. (I had already been writing for national computer magazines for about a year). I would go on to write a couple dozen more books, including those listed here on the blog, but “TWC” would always have a special place in my heart, sort of like a first child.
The reason this topic came up is because my sister must have been cleaning out an old closet, and she found a copy of this book that I sent her over three decades ago. I hadn’t read the book since it came out, and I was curious to see how my writing had changed and how accurate my prophecies were. (more…)
Mosaic is a peculiar creature. It moves very, very very slowly – – but I think the huge symmetric triangle that it broke last summer portends good fortune for patient bears.
Interest rates have been zooming higher the past four days. I think an important level to watch is the gap on $TNX at 26.11 (that is, a rate of 2.611%). If it stllls there and starts working lower, the drop in interest rates will probably accelerate to new lows for the year.
Well, on yet another rivetingly-exciting day in the capitalism-based free markets of the United States, we gave upon that oil painting known as Stocks. I offer you one of the few even slightly interesting movements today – – Polaris Industries, on which I am short and also have put options. There are a couple of “must break” levels that I’ve tinted, but………I’m hopeful.
Here’s today’s swing-trading watch-list:
Long Superior Energy Services (SPN)
I have decided that whenever the market gets too annoying for words, I shall strike back the only way I know how: with the most obnoxious couple ever broadcast: Marty the creepy puppet and Ron the child-porn-loving canibal-fantasy guy. The market deserves nothing more. I used it in the comments section in the prior post, and the market instantly and obediently stopped going up and began heading lower, as God intended. Be warned, market. Marty is at my disposal.
Yesterday was the sixth day of this ride up the daily upper band, and may well have been the last. Albeit SPX closed green it was the weakest day of the band ride so far, and never quite reached the upper band during the day, though it closed not far short. Fewer than 25% of band rides last more than six days, and fewer than 15% more than seven days, so the band ride is most likely over or ending shortly.
SPX has not quite reached my ideal rising wedge resistance trendline in the 1930-2 area, but it has hit an alternate and perfectly valid trendline at the high yesterday, so while SPX may go higher, equally it may not. If the high was yesterday then in all probability the likely opening gap today will not be filled. SPX daily chart: