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.

USD/CAD Forex Pair Overdue for a Bounce

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The USD/CAD Forex pair is well overdue for a bounce at the median of a long-term regression channel and the 40% Fibonacci retracement level, as shown on the Monthly chart below.

The Canadian dollar is price-sensitive to the price of WTIC Oil, so I’d keep a close eye on its action following the inaction of the participating countries to lower oil supply at this weekend’s Doha meeting…Oil is -2.21 at 39.50 as I write this post on Sunday evening.

P.S. I’d also keep a close watch on the banks and DB.

Life in a Minor Key

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Preface: I’m quite aware what happened with Doha; I’ve been following it every second; but I thought we’d all just take a break from market talk until Monday’s regular open.

It’s obvious that music is a big part of the lives of Slopers, as it is one of the most frequently-shared and discussed items in the comments section. There is no shortage of posts specifically about music, and I thought I’d add another.

When I was in high school and college, a question I’d invariably ask a person I just met was what kind of music they liked. It was, for me, somewhat of a litmus test, just as effective as glancing at the contents of their bookshelves. The worst answer was along the lines of, “I like anything, as long as it’s got a good beat and I can dance to it.” Such an answer assured me I would never want to talk to this person again.


Checking In with the Indexes

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I confess that I wasn’t exactly champing at the bit this weekend to look at charts. The grind since February 11th has been very tough on my zeal for trading and charting, and if this keeps up, I might have to rebrand this blog as the Slope of Dope and focus on cannabis cultivation and distribution (a topic I am wholly unqualified to address).

Having said that, let’s look at a few indexes. First, below, there’s the Dow Composite. I’ll be the first to say I was straight-up stupid to hang on to any shorts (let alone a bunch of them) during the rally I’ve tinted in cyan. But, honestly, the market “should” have stopped at that red circle. instead, it caught its breath and pushed into the green tinted area with a persistence that, honestly, I find shocking. If it pushes above the red line, I’ll consider myself wholly screwed.