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.

Just Two More Days

By -

As I wrote on Christmas Eve, my plan was to ride out the last four trading days of the year without any positions. It’s been pretty agonizing, because I am dying to get very aggressively positioned, and in spite of the market’s surge lately, a lot of my best short picks are falling to pieces. All the same, I am gritting my teeth and counting the hours until this year is over. Just two days to go.

The Dow Composite is still tracing out a series of lower highs.

1230-comp

(more…)

Entrepreneurship For Sale

By -

Surely one of the most overused words these days is “entrepreneur”. I have considered myself an entrepreneur for my entire working life, except for a couple of brief stints at “regular” jobs (Apple, Montgomery Securities). To my mind, being an entrepreneur involves taking a substantial personal risk to pursue creating something which matters to you. When I founded Prophet, I was doing precisely that. There was risk involved – – there were plenty of times I thought we’d go bankrupt – – but my passion for charting kept me going for all those years, through good times and bad.

With the hero worship of Jobs, Bezos, Ellison, Musk, and all the rest of them, the popular definition¬†of “entrepreneur” has been something along these lines: “A person who doesn’t want to work at a salaried job but would rather work at a small company with the prospect of getting rich, yet taking little or no risk to either their salary or their assets.” Essentially, if you don’t want to be in the regular world of work, you fancy yourself an “entrepreneur”.

(more…)

NeoPhotonics Corporation

By -

NeoPhotonics Corporation (NPTN) broke key technical resistance at 11 yesterday after the stock has been moving sideways for more then 6 months. Today breakout is a 2nd day of momentum which started last week when the stock broke out of a mini consolidation between 9 and 10 area. Increasing volume, which is today more then double then average is confirming the strength and increases the chance for success of the breakout. Short term target is in 13 area.

nptnBy Sinisa Persic, CMT – www.TraderHR.com

Testing Santa’s Resolve

By -

Only one chart today and it is the main chart that I am watching on SPX. I did the chart on Saturday for Chart Package subscribers at theartofchart.net, and we are now close to the possible falling channel resistance test that I was looking at then. I have that in the 2078 area. If that resistance holds then we will most likely see a big decline start there, though the decline would most likely not get serious before the end of the year. SPX daily chart:

151229 SPX Daily Poss Channel Resistance

(more…)