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 A-Team

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Of the thousands of earnings reports which come out each quarter, perhaps none is more anticipated than Apple’s. It is, after all, the most valuable company on the planet, and it is the linchpin to a NASDAQ which has made a habit of lifetime highs on a daily basis. It’s remarkable to think that, twenty years ago, the company was all but bankrupt.

I have no reason to expect anything except another great quarter from Apple when it reports after today’s close, but I would at least like to point out that the “pulses” higher (which I’ve tinted below) are, to any observer, shrinking with power. Indeed, it seems that every “personal” bull market that Apple has is only about half the size of its predecessor, and although AAPL might notch up another gain tonight, it seems to me there isn’t that much more juice to squeeze out of this fruit. (more…)

If You Sell in May, Be Prepared to Buy Back

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by Avi Gilburt

It seems the action seen this past week has bears scratching their collective heads once again. With many viewing the market as certainly “topping” back in March, the market has doused cold water on those expectations, as I had been strongly warning would likely happen.

Since holding the support we noted several weeks ago at 2330SXPX, the market has seen quite a powerful move back up to the target we set between 2380 and 2410SPX. And, most of the rally was seen on the back of short covering of those who jumped the gun on the bearish side of the market.

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