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.

Nobody Expects The Spanish Inquisition

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Friday afternoon was very dramatic looking for the low, which overran my target low area by 1.09 handles, and spent a leisurely afternoon building a complex IHS before breaking up towards the end. That was actually a lot of fun in a very primal man vs market kind of a way and a great way to wrap up the week. My trading bud Mike Vacchi has written a post about that which you can see here. So what now?

Well I posted the chart below after the close on Friday night showing the falling wedge on SPX and the first step today is to see whether SPX can break over falling wedge resistance in the 2081 area. At the time of writing it seems likely that SPX will gap over that so most likely that breaks up at the open or later this morning. What then?

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Russell Target for 2015

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Having gone through a zillion charts this weekend, I can only say (1) I remain very comfortable having so many short positions on (2) the totally-trashed precious metals and energy sectors either represent a buying opportunity similar to equities in March 2009 or represent the largest array of falling knives ever assembled. I don’t know which, but I’m not touching them.

Broadly speaking, I think we remain on track for the small caps to hit the target I’ve illustrated below at 1116. We shall see!

0808-rut

Something’s Up with Elon

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Although I’m a dyed-in-the-wool chartist, I appreciate when people make thoughtful conjectures about what’s going to happen to a company, a financial instrument, or a country based on their broad observations. Remember, “speculate” is derived from the Latin verb speculare, which means to observe. Successful investors notice things.

As such, I’d like to share something I’ve noticed. It first started back on July 29th, when I got an email from Elon Musk (errr, not personally, but it a spammy kind of way). It started off like this:

0808-tslamailtwo

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American Whirl

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I’ve written about American Girl before, such as this post. For those unacquainted with American Girl, it started off as a doll-based means for girls to learn about different periods of U.S. history, but it has developed into a phenomenal retail success story of overpriced Chinese-made junk sold in branded stores in high-end shopping malls (like, oh, say, the Stanford Shopping Center). It’s a big deal for the 9-12 year old crowd.

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