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.
The market – if you want to still call it that – can be broken into two camps these days. One camp is completely dominated by the bulls. In short, they’ve won. Trendlines have been broken to the upside, and there is absolutely nothing about the behavior of the charts to suggest anything but a near-endless series of new highs.
The other camp has been recovering, to be sure, but isn’t in the hands of the bulls (yet, at least). The topping patterns are still in place, or at a minimum, there hasn’t been any breakout.
Here’s your swing-trading watch-list:
Long Newmont Mining (NEM)
Historically, one of the nice things for me about doing a blog related to the stock market is that the topic of my writing is ever-changing. But I gotta tell ya, there’s nothing more boring than a captured market (and if you don’t recognize this is a captured market, you aren’t paying attention), and it’s getting tougher and tougher to gen up the interest to write about it. This also explains the paucity of content from outsider contributors (they’ve written me privately to let me know they’re pulling their hair out from this creep-up-every-day nonsense).
Well, it’s another morning of lifetime highs across the board. Last Friday’s jobs report was the truckload of jet fuel the bulls needed. We’ve reached escape velocity, as the breakout from the pattern shows: