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.
Technically, I have my attention on volatility this first week of August. I saw lots of predictions over the weekend of how far down we might go (and many varying levels to watch). I shared on the weekend that I am watching 1082 for the Russell 2000 (the bottom of a double top pattern range). This seems reasonable to hold forth as a pattern-based range. We may test that support level this week (and we may not). I noticed that many missed this chart on the weekend, so I share it again below. I basically see 1082 as a “ledge”. If the Russell 2000 price firmly falls off the ledge, then the range is finally broken and odds are essentially WATCH OUT BELOW, because the markets have not seen trading below 1082 since October 2013.
Russell 2000 Weekly (worth watching for downside leadership)
Often times we get caught up in the asking of why rather than asking what if. It sounds like such a subtle distinction and for some it’s an exercise not worth pursuing. However, it is sometimes this very innocuous line of questioning that is the only thing that gets at the root of many issues facing not only business in general, but sometimes rooting out the answers one doesn’t want to actually face – never mind deal with.
Personally I made many of my marks in business by being the person who more often than not had to pick up the pieces or control their trajectory as to where they may land ahead of time during my tenure in the business world. Today the professional moniker is “an expert in Crisis Management.”
Expert is not for vanity’s sake. If I had done it once that could be racked up to chance, twice could be coincidence, but three times and more and you’ve distinguished yourself with a track record.
A gallery of some recent Slope and Slope+ victories recently………..as my Slope Plus readers know, I have a very specific opinion about “The Road Ahead”, so I’ve taken profits on a portion of my shorts.
The Idiot Savant thought he should pitch in while our marvelous magnanimous multitasking maestro was mindlessly meandering the old world, tirelessly touring terrific timeless towns, torridly tasting tempting tavern table treats. Moreover, since TK’s currently globe trotting across Europe rubbing elbows with professional thieves, I thought it apropos to concentrate my questionable craft on a cunning confidential continental institution situated in Switzerland. Namely; the Bank for International Settlements, otherwise known as the BIS. The above luminous photo is of their luxurious Headquarters.
Ten times a year, once a month except in August and October, a small group of well dressed men arrives in Basel, Switzerland. Carrying elegant overnight bags and stylish brief cases, they discreetly check into the Euler Hotel, across from the railroad station. They come to this quiet city from places as disparate as Tokyo, Paris, Brasilia, London, and Washington, D.C., for the regular meeting of the most exclusive, secretive, and powerful supranational club in the world.