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.

A Day In The Life

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There’s not much to add to Friday morning’s post here really, other than we have since had a V retracement and shaken out some weak longs, so I thought I’d do something different this morning and show you what I was doing intraday on Friday, as the pattern setup was a lovely example that I’m planning to use in a book I’m (slowly) putting together.

As I’ve mentioned before, I’m on the team of the Princeton Trader trading room, led by Mike Vacchi, and we primarily trade ES intraday there, though we also trade oil, gold, bonds and a few other things on a smaller scale. I’ve stripped down the chat from Friday’s session as far as I can, though it’s still longer than I was hoping for, and will show it below interspersed with charts I posted intraday to show the evolving setup over the day. (more…)

If Not Trusting This Market Makes Me An Idiot: Then Call Me Crazy!

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I was left slack-jawed as I listened to an interview on financial media between the host and guest. I have always enjoyed as well as respected the host even though many times I may totally disagree. However, as for the guest being interviewed, not only did I disagree: I lost quite a bit of respect for.

During the interview the questions were posed as to why people (investors et al) harbor these feelings of angst as to whether or not they should get in, get out, etc,, etc. The guest then went on to use data points, math, trend references, and any other metric available within a snake oil sales bag as to prove his point: Where people not believing in this market rally along with those who’ve not participated are, (and I quote) “Idiots.” (more…)

Bouncing Toward Oblivion

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I’ve never really asked if Slopers prefer videos or just a long sheet of charts, and frankly, I probably am not inclined to ask, since I know what is easier for me – – doing a video! But there are certain advantages to a simple post, including the “random access” method of looking at the information (as opposed to watching a video from end to end).

Below I share charts which have a couple things in common:

  • I’m short every one of them;
  • They have broken critical support levels and have done important retracements to what I consider beautiful “fall-away” zones

I am showing everyone those symbols for letters A, B, and C – – – I’m doing a paralell post for my (beloved) Slope Plus members with all the rest of these ideas for the rest of the alphabet. Enjoy! (more…)

Who is Preferred Trust Company?

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A few months back, I was looking around for a place to earn some decent interest in this ZIRP environment in which we all find ourselves. I was chatting about this at SlopeFest this summer, and none other than long-time Sloper BKudla said that his business did precisely that. Bob (Yes, the “B” is for Bob) explained how he put together an IRA-friendly business which, by way of mostly commercial real estate lending, threw off very handsome returns (I’m not going to cite precise figures, since I don’t know them now, but I think they are along the lines of 7% or 8% versus, ummm, about 0% at the bank). (more…)