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.

And There She Goes

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Tim Cook sucks. And, no, I’m not referring to the man’s oh-so-private private life, whose verbs we shan’t explore or discuss here. No, he sucks for one simple reason: he isn’t Steve Jobs.

The Apple Watch. The Apple Pencil (or whatever the hell that stylus is called). The crumbling design values. None of this would have happened with Saint Steve around.

I’ve said it before, and I’ll say it again: Apple’s best days are BEHIND it. Gone. Buried. Never to return. Apple is now like just about any other megacorporation. Bloated and pushed forward only by the momentum of its glorious past. What I said on The A List just two days ago still holds. Unlike, say, Apple’s price level at $91.89 that I pointed out in the same post.

0512-aapl

Follow The Red Brick Road

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I was wondering yesterday afternoon about a possible bounce overnight to retest the daily middle band on ES as resistance and we saw that test, and it has held as resistance so far. As long as that remains the case we now have mostly formed H&S patterns on SPX, RUT and NDX ready to take all three down on another leg down towards the 50% fib retracement of the move up from February on SPX and RUT, and almost a full retracement on NDX. Here are the setups on those three charts. SPX 60min chart:

160511C SPX 60min

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