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.

Volatility Ramping Up in 2017

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Further to my post of August 10th, the following Daily chart of the VIX shows that the same number of volatility price spikes has already occurred, so far this year, as made in all of last year.

A series of higher swing highs on the RSI, since Q4 of 2015, is hinting that each price spike made, since then, was done so with greater strength. We’re seeing rising wedges form on the MACD and PMO indicators, suggesting that we may see the next price spike break out to new highs this year, with much higher force behind it, sending equity prices on the SPX plunging. (more…)

Back On The Three Day Rule – Day Two

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The decline into last week’s low was slightly over 2%, so the break back over the 5dma, now at 2457/8, has put SPX back on the Three Day Rule. In the event of a daily close more than two handles below the 5dma today or tomorrow, then historically there would be a retest in the near future of last week’s low at 2437. This is the highest probability historical stat that I watch. SPX daily 5dma chart:

170815 SPX Daily 5dma

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Thoughts on “Silicon Valley”

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A few years ago, when the HBO series “Silicon Valley” premiered, I rolled my eyes. I don’t normally like looking at the culture in which I reside (which is why I’ve never watched any of the Steve Jobs movies).

A few weeks ago, though, prodded by my SV-loving son, I started watching it – – and, yep, you know what happened – – I got hooked and watched the entire thing, from Series 1 through 4, every episode. It’s a very funny show, and pretty damned accurate. I’m actually glad my son watched the whole thing, since I want him to understand the culture around here without getting hurt too much by it.

Here’s one clip from it, which is about 50 times funnier if you’ve been watching the whole series; it also is critically-important to the season finale.

I actually need to excuse myself for the afternoon, since I’m helping a dear friend get her office set up, but hopefully Jack or someone will come along with a post. In the meanwhile…….suck it, Jin-Yang.