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.

Roll On The Weekend

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On SPX this is day three of a daily upper band ride. The upper band is at 2096.92 at the moment and the current intraday high has already tested that. At the time of writing ES has broken over the resistance at the 2092.75 area that has held the last two days, and if that break is sustained I have a working breakout target at 2103.25 that may well be hit. ES Jun 60min chart:

160527 ES Jun 60min

NQ has been trickling up. As with ES and TF there is a fixed 60min sell signal but it’s possible that we won’t see any meaningful retracement until the double bottom target has been hit (target on the chart). NQ Jun 60min chart: (more…)

More Good News for the Working Class

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Just saw this……….


Just wait until self-driving trucks are fully operational. I’ve mentioned it before: truck driving is, in almost every state, the #1 occupation. We live in interesting times.

As for the market………..I guess the bears had all their fun in the first three weeks of the year and since then, blammo, it’s back to the multi-year torture. My interest in trading and the markets in general resembles a graph of the UVXY these days.

I’ve got to go collect in wits and try to dream up some reasonable content for this place. Feh.

A Focus on Energy

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What I had planned on doing this afternoon was a post of about a dozen terrific energy-related stocks that are good short candidates, but ProphetCharts is almost unusable at the moment. I only managed to get one chart out of it before it stopped fetching them. I sometimes feel like I’ve allowed my child to be adopted, and when I run into the youngster a few years later, it’s become a juvenile delinquent. Sad.

Anyway, the one chart I managed to fetch before ProphetCharts starting puking all over its data servers was Energen, shown below. It’s very typical of energy stocks these days:

(a) a former smooth run-up;
(b) a clean series of lower highs, separated by violent V-shaped recoveries
(c) its current price is, shall we say, lofty in relation to its history as a whole.