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.

Lumber vs. Homebuilders: The Great Disconnect

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Lumber and the Homebuilders ETF (XHB) traded, essentially, in the same directions from mid-2010 until October 2014 — when Lumber suddenly took a nosedive down to major support at 240, while XHB broke out and rallied — as shown on the following 5-Year Daily comparison chart.

At the moment, it looks as though that support level will be retested, once more. A drop and hold below 240 could very well be the catalyst that breaks XHB’s slightly-sloping (tight) uptrend. And, a drop and hold below 220 could see a very quick, sizable plunge in XHB…possibly slicing through 34.00 down to retest major support around 28.00, or lower.

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SocialTrade Feedback

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I’m very pleased to let everyone know that SocialTrade is its own website now. For those of you unacquainted with SocialTrade, think of it as a reddit for charts. People post charts (and other stuff) of interest to traders in there on a daily basis, and there is an ever-growing, well-organized database of these visual morsels at your disposal.

SocialTrade has been a longstanding feature on Slope, and Slopers have stacked tens of thousands of interesting charts, articles, and other curiosities into the database.

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