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.

Some Survivors

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Sigh. This market just can’t get any traction. No, let me correct that. It can’t get any downside traction. Every time I think that, at long, long last, we’re going to start going lower – – it’s over within a day. It’s disheartening, to say the least.

The past couple of days, of course, are what I’m referring to, since he had a nice beefy tumble on Tuesday……..and some great follow-through for a few hours (on the NASDAQ, at least) late Tuesday night. By end of day Wednesday, however, it was all over. Just LOOK at this madness!



Backtesting The Breaks

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That was a very nice day on NQ yesterday. I was looking for resistance at the weekly pivot at 5768, and the RTH high was 5764. The target on a fail was 5641 and that was slightly exceeded in globex (buffs fingernails modestly) before the start of the rally that we are seeing today. Does this mean that the seventh seal has been broken and the Bearpocalypse has begun? Um … no, but this swing high may well finally be in, subject to what we see on these rallies/backtests.

On SPX the obvious resistance is the daily middle band (daily closing basis). That’s being tested at the moment. SPX daily chart: (more…)

Devil in the Details

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My family collectively watches about zero hours of television every year, with one notable exception: the show Silicon Valley. I’ve only seen bits and pieces of it, but my son watches it obsessively, which I frankly consider a great education in the culture of this lunatic asylum. Someone put together an incredibly detailed analysis of its opening titles, and it’s fascinating just how much trouble the creative team went into making references that 95% of folks would miss. Check it out: