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.
 the post started as a simple thing and ended after getting way too involved. so much the better…
An update of the situation on the Banks, the anti-Banks (gold) and the yield relationships that would help define their fates.
The Bank index is breaking through resistance this week while gold remains in Palookaville. Note to certain bloggers out there who would nitpick: the arrows are not meant to line up (green to red); they are meant to show support and resistance for the Banks’ lows and Gold’s highs, respectively.
A Sloper sent me an interesting article this weekend, lengthily describing how Elon Musk, who has endlessly been described as the reincarnation of Steve Jobs, is also the country’s most successful welfare queen. Through subsidies, loans, and sweetheart deals, Musk has created an enormous fortune based on a combination of brilliance, guile, and an unwitting nation of taxpayers.
Here’s today’s swing-trading watch-list:
Long Discovery Communications (DISCA)
As a follow up to my earlier post about shorting Russia by way of symbol RSX – another occasional winner:
Triangles are very tricky to trade as I’ve mentioned many times, and yesterday’s break up was an impressive false break.The close effectively on the daily middle band and 60min MA was very ambiguous though, and the move down overnight is suggesting very strongly that this triangle is going to break down, which is the natural direction as these triangles lean 64% bearish, opening up the obvious target area below at 2082-5 that I have been looking at for most of the week. SPX 15min chart: