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.

Bigger Picture Options

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SPX made the IHS target at 1987 and is now close to testing the current all time high at 1991.39. I’m expecting to see a new high made, very possibly today. So what then?

Assuming that we don’t see a strong rejection at the highs retest, the obvious next target just above is at the daily upper band, currently at 2000. I would very much like to see a decent retracement shortly, at the least to give me more to work with in terms of trendlines, and the obvious place to see that retracement start is now at a test of that daily upper band. On the bigger picture, if the rising wedge from the January low is still the main pattern here, then I would not expect this move to close a day back over rising wedge resistance, currently in the 2015 area. SPX daily chart:

140821 SPX Daily Trendlines BBS MAs

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Amazon vs Hachette: Why An Axe May Beat A Hammer (Part 1)

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For those not up to speed on the war of words (quite literally) between Amazon™ and Hachette™, it basically revolves around one central theme: Amazon believes a price should be X, and Hachette believes it should be Y. So the question everyone is asking is, “Who’s right?” In my view that’s the wrong question to even begin with.

The reason being is this (and I’m not trying to be coy) both are correct if you understand what the real question and answer should be, and that is: Whomever owns the product owns the right to price. Whomever owns the distribution point (or the store) owns the right to carry it or not. Period. (more…)

Angie’s Pissed

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In this propped-up, hyper-inflated, completely-fake “market” of ours, if you run a public company that isn’t puking to new highs every day, you’ve got yourself some problems. Because, looking at these companies below, it seems to me that if in the year 2189, markets are every allowed to function normally again, they’re all going to find firm support at $0.00. I could show plenty more charts like this, but I’ll keep it as simple as A, B, C………. (more…)