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.

Across the Finish Line

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I have mentioned Finish Line (FINL) again and again and……….again!………as a short candidate, both here on Slope and on tastytrade. Well, the analog I’ve pointed out ad nauseum is really kicking in, dropping nearly 20% on Friday alone.

0325-finl

As is so often the case, my charting was brilliant and my trading was idiotic. I covered this thing earlier in the week for reasons I cannot fathom or even remember. I guess I’m simply the ghey. But in spite of my personal idiocy, I am pleased to have offered up another terrific plunger. Much lower prices to come.

Half-Baked Bear (by a Sloper)

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This is a personal story about cannabis. Yes, the evil reefer, MARIJUANA!!! The story below is my life experience which led me to try marijuana for the first time.

I grew up in the 1990’s and was a child of the “War on Drugs.” My brain was indoctrinated with the “Just Say No!” slogan. I remember many court ordered guests speak to my school explaining how drugs ruined their lives. Local police would take groups of 20 kids and show drug paraphernalia, pictures of all drugs possible, including marijuana!!! The old slide projector would actually have slides of heroin needles on the same table as a silly flower. (marijuana!!!)

So obviously, I grew up with the mindset of “drugs are bad, marijuana is a drug, marijuana is bad.” All of these government programs told me that marijuana is a gateway drug. If you try marijuana, you will eventually use heroin or meth and die! Thank you Nancy Reagan.

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Roll On The Weekend

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I’ve been suffering with a bad back all week, and this has been disrupting my sleep so I’m hoping to catch up on sleep at the weekend, which I’m very glad is starting in a few hours. In the meantime ES is just chopping around waiting for nuggets of news about the progress of the Healthcare bill, which at the time of writing seems unlikely to pass today.

Yesterday’s high has held so far on SPX and yesterday’s high was of course a very obvious level for the rally to fail, so that may well continue to hold. If so SPX should at minimum retest Wednesday’s low and I’ll be watching possible trendline support now in the 2330 area. On a break over yesterday’s high there are multiple resistance levels in the 2365-70 zone. SPX 60min chart:

170324 SPX 60min

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