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.

Ethereum and Litecoin

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Since Slope Of Hope has been around longer than just about any financial blog in existence, there’s a deeply-rooted culture here. There are a lot of inside jokes and running gags, and for the longest time, I assumed the mention of “Ethereum” was one of them. Just goes to show how out of it I am, because Ethereum is, in fact, one of the hot virtual currencies out there, and I took it upon myself to add it to SlopeCharts, which is getting better by the day.

You can now punch in $ETH for Ethereum……..

0602-eth

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This is Going to Sting

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Well, some mixed emotions this morning. A lousy jobs report has gold soaring, the dollar crumbling, and the rally in equities zeroed out (for now). As I am typing the ES remains green, just barely, but there’s a lot of action elsewhere. I’ve got 48 short positions and am about 180% margined, so it could be a good day for the bears.

Crude oil in particular — almost always our friend – – has resumed its hard slide, and on an intraday basis, you can see that it’s not exactly looking great for our OPEC buddies:

0602-crude

The “sting” part is that I got stopped out of QID, DRIP, and FAZ yesterday. The QID isn’t a big deal, since it looks like NASDAQ is remaining strong. FAZ is also kind of a “meh”. But DRIP is one I suspect is going to recover mightily today. I scored a 20% profit on it, even having been stopped out, but I think my bearishness on energy is going to play out longer-term.

Launch Pad

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I can’t pretend to be the least bit surprised at the market’s continued strength. Part of the “fresh perspective” that SlopeCharts has given me is access to a bunch of worldwide indexes I had never been able to look at before, and they are so unanimously bullish, there is no reason at all to be beating the desk about how the world is going to end.

Indeed, the “Trump slump” that hit us 15 days ago (remember Comey and how that actually mattered for a few hours?) did one thing and one thing only: successful tested the blue trendline’s role as support, whereas it had been resistance beforehand. The morning after the Trump slump, WHOOSH, it was off to lifetime highs yet again.

0601-es

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How to Share?

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Thank you to everyone who contributed suggestions via my post yesterday about what they’d like to see in SlopeCharts. It really helped me understand your priorities.

I’d like to follow up now by asking what methods you’d like to be able to share charts. Please check the boxes below (as many as you like) of sharing methods which interest you. It just takes a moment, and it will help me set priorities. Thanks!