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.

Tantalizingly Tight Trend

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Greetings again from Red Rock, where blogger’s guilt compels me to do another post. (Many popular bloggers do one post a day, tops, and I get jumpy if the latest post is more than a few hours old. That’s just how I roll.)

The Dow Jones Composite (which is the Industrials, Utilities, and Transports, all mushed together) is, as I said in yesterday’s post, “tightening and narrowing”. The fall on Friday took it right down to support. What I want to see – – what I really, really, reallllllllly want to see – is a break of that trendline, because it’ll be the first break of that wedge ever. I would be giddy. And that’s really what all of us want, isn’t it? (more…)

Iron Ore

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It’s been a really good day, and although I’ve left almost all my positions intact, I have closed out a few. One of them was Chicago Bridge & Iron, which I closed because it came close enough to filling its gap (and making its measured move) that I figured it was sufficient. I’ve mentioned CBI a couple of times in the past, and this was a very clean set-up. However, when it’s this stretched, it’s time to cash out.