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.

Holiday Indigestion on SPX

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Late post today but I’m not feeling well.

There has been a strong daily intraday setup since Xmas Eve of an early push higher followed by weakness near the close and overnight. That early push up has been slow to get going this morning but if we are going to see any real retracement this week the odds strongly favor tomorrow for the main part of that retracement. If we do see a push up today then I’ll be looking for short entries this afternoon to take advantage of the strongly bearish stats for tomorrow.

The first main target on a retracement would be a test of the 50 hour MA and that closed at 2070.5 last night. That support may well hold as support before a run back up to at least test the highs. SPX 60min chart:

141230 SPX 60min Divergence and Support

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Gold’s Trendline

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You will have to forgive me for a very short post because (a) I am usually spoiled to have Jack to a nice long post in the morning (b) my fingers are ice-cold from my pre-dawn dog walk, and I can barely type. Anyway, as delighted as I am to see gold’s strength, I would caution precious metals buffs that it is simply pushing up against its broken trendline, precisely as it did last Friday. I’m not trading precious metals at all these days, but I at least wanted to chime in with this sobering reality in the face of a nice double-digit pop this morning.

1230-gcg

From Land Of Opportunity To A Fool’s Paradise

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I am amazed daily to see just how many adults (never mind the teenagers) seem absolutely oblivious to their surroundings. Seemingly intelligent people walking with their heads down flailing away on a keyboard built for ants either trying to find out “what’s happening” in the world or, to let the world know on some social networking platform what they ate for dinner, if they just showered, or posted their 2,375 picture of themselves in a compromising pose or situation.

They tweet, post, paste, share, spread, etc.,etc.,etc. But ask them a question about a relevant subject such as the economy, state of global affairs, or more that might impact their future? You’ll just get a blank soulless expression of bewilderment.

You know that look, it’s the same look you get when one of these clueless figures walks right into you in some store or mall. Do they say sorry? Or, excuse me?  No: you just get the animatronic look that says ” Weren’t you watching where I was going?” (more…)

Slope Highlights 2014 (Part 1 of 3)

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As 2014 wheezes and coughs to its termination, I wanted to share some of what I consider to be the best posts of the year. I am immensely proud of this blog, which – – incredibly – – turns ten years old next year, and I am exceedingly grateful to those of you who has chosen to spend part of your days here on a regular basis (for some of you, almost as long as the blog as been in existence). Here is the first part of my retrospective: (more…)

Remember Bitcoin?

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I seriously hadn’t thought of this “currency” for ages, but this article (which notes that Bitcoin was the worst performing currency in the world, even worse than the Russian ruble) reminded me of it. The hype around bitcoin a year ago was absolutely comic, and even here in Palo Alto, there’s still only one place (Coupa Cafe coffee house) that accepts bitcoin………..I suppose as some kind of gimmick. Anyway, put a fork in it. This thing is toast.

1229-bitcoin