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.

WTI Climbs Ahead of the OPEC Meeting

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The Feb-Mar Oil advance from 26.05 to 41.90 inflicted important and consequential damage to the intermediate-term downtrend from the June 2014 high at 107.73 when the price structure thrust above 35.00 on April 4.

Weakness off of the March high successfully tested the April 4 breakout level last week, after which Oil pivoted to the upside from 35.24 to last Friday’s (Apr 8) close at 39.66.

Renewed strength comes amid ongoing debate about still-massive excess supply, still-worrisome over-production, and doubts about the resolve of OPEC and Non-OPEC producers to freeze output at the forthcoming Doha Meeting on April 17. (more…)

“Bearing” in Mind (by Bob Kudla)

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We are ready to enter into a 7 week weak period if you give credence to the cycles of the market.  Presidential election years have a rhythm, and it is telling us to short this market until mid June.  Take some summer profits and short this sucker again, and this year could be a doozy (spell check wanted me to replace with boozy, hmm) as it is the weakest start of a presidential cycle in a long time.