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.
As of today there is no hotter subject following on the heels of Obama-Care than the current fight brewing in the minimum wage debate.
Regardless of which side of the aisle (or counter) you’re on, the argument as to demand a government regulated hike of upwards of 50% or more in some places puts a question squarely on the businesses owners that must and will be answered: channeling the Clash, Should I stay – Or Should I go?
There are some arguments within this debate that have some valid points. i.e., We do the same for child labor. You can’t hire a 10-year-old at .10 cents an hour to clean out the grease traps at your restaurant, or sweep the floors and so forth where a competitor might try to use an 8-year-old at a nickel. It allowed for all businesses to be on a level playing field at the lowest of rungs. i.e., The entry-level.
Today the entry-level position has morphed into something far different when you talk to anyone who’s never owned or run a business. It’s no longer thought of as “entry-level.” It’s now looked upon in the ways one would look to some form of “career choice.” (more…)
This is the most hilarious thing I’ve seen in a long time: it is the final scene from the original Star Wars (that is, Episode IV) in which Luke, Han, and Chewy walk into the throne room to the John Williams fanfare. The original scene is quite stirring but, as you’ll soon discover, only because of the music.
Here’s today’s swing-trading watch-list:
Long GW Pharmaceuticals (GWPH)
I did a post just a few days ago about the diamond pattern forming (but not yet complete) in CBS. Well, as of today, this bad boy is complete, and I remain cheerfully short the stock and long the puts.
For the third straight day SPX tested the daily middle band, pinocchioed below it, and closed well above it. My RSI 5 / NYMO signal stats notwithstanding, if the bears can’t break below the daily middle band then this retracement has most likely bottomed out and we are on the way back up. SPX daily chart: