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.
Copper Pops, FCX Spikes 7%
Freeport-McMoRan Inc. (FCX) climbed above 11.50 this morning. By the look of the spike to 11.85, this forced a wave of short-covering, and triggered the upside potential off of its Sept-Nov base formation carved-out between 11.10/30 on the high side versus 9.50/30 on the low side. The optimal next target implied by the upside breakout is in the vicinity of 13.00. That said, the next extreme near-term resistance barrier is 11.95-12.00, which represents the 62% recovery-retracement zone of the entire prior downleg from 13.59 to 9.24.
Dow Composite Breaks to Upside
Palo Alto Mayhem
Things are bound to get dicey on a day like this…….
……..and then it takes a turn for the worse………
Pick Your Poison
Thank Jesus in heaven, this goddamned election is almost over.
While walking through downtown Palo Alto yesterday, I saw a man dressed up as Uncle Sam holding up a big handwritten sign that was obviously pro-Trump, anti-Hillary. I assure you, this is the first such thing I’ve seen in the Bay Area. Indeed, I haven’t seen one – – not ONE – – Trump sign in town. Even those who secretly support him are too afraid of being ostracized.
Another man was in Uncle Sam’s face, telling him with a smirk that violence is the only thing Trump supporters understood. I didn’t get close enough to hear what was going on, but they were arguing with one another at length. The whole thing made me sad for them, and sad for this once-proud country of ours.
This election between two totally shitball candidates – – one of them, an ungodly corrupt, amoral human who touts her lack of a dick as her principal qualification, and the other a hypersensitive megalomaniac man-child who fancies himself a genius businessman but simply is a grown-up rich kid – – is nothing short of embarrassing for this country. The next four years are going to suck. I wouldn’t be that surprised if we wind up with a president named “Timothy” before the year 2020.
