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.

Short Setups If This Is The End Of The Dead Cat Bounce

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The bears have been ripped to shreds since last Wednesday’s bottom and have been no where to be found since then. However, despite the huge bounce, there hasn’t been any significant repairs to the charts and the V-Shape bounce lingers an overdone dead cat bounce.

With that said, I don’t recommend getting heavily short here. If you want a starter position to counter some of the existing longs you have, then so be it, that’s not a bad idea. But slowly dip your toes in the water here if your desire is to get short.

As for me, I actually wouldn’t mind seeing another downturn emerge here. The trade setups are amazing to the short side as you will see from the short setups below. (more…)

Revisiting Truth’s Moment

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Way back on August 30, I did a post called Past Fear, Present Fear, which offered up an analog of the VIX (please read it if you don’t remember; it’s a pretty good post). I would daresay it was one of the best posts I did in 2014, and things certainly unfolded as I hoped they would (although today was no fun for me). I followed up on October 9th with my Moment of Truth post, which was just before the markets started really falling hard. Thus – so far, so good. (more…)

Commodities Ready to Reverse?

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With oil pushing higher (finally), DBC seems to be getting some strength and, as cheap as it looks, appears like a good buy. I’m not so sure. Just take a look at each of those little red lines I’ve drawn. In each case, one could have argued that commodities were forming a base and were ready to reverse, and each time, the tumble simply resumed. The modest pause we’ve seen in prices plunging isn’t a justification to fight the overall trend.