Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

Learning the ABCs

By -

They say the hardest trade is the best trade………and the hardest trade to do these days is to short a stock. There hasn’t been even a 5% correction in the market for nearly two years now (incredible, isn’t it?) so it seems the only sensible thing to do is buy TSLA and go to sleep.

I just have to be different, though, so I’ve got sixty short positions. I wanted to share my favorites, but I didn’t get past the first three letters of the alphabet without ample enough to show. So here they are……..(late breaking news: yet AGAIN, the chubby, hairless juchebag – – that’s my term, which I just made up, and yes, it’s brilliant – – has supposedly launched a missile………by the time you read this, who knows, the ES may be green again).

slopechart_CZZ (more…)

Waiting Again

By -

It’s been a generally dull week, and since the bull flag on SPX made target with a new all time high there hasn’t been much movement in either direction. We are still ideally looking for another leg up into the 2509 area but the setup for that last leg up is starting to sour slightly, with hourly sell signals already fixed on ES and the SPX RSI 5. The move should really be in the next couple of days if we are going to see it without a significant retracement first. SPX 60min chart:

170914 SPX 60min (more…)

Bit Happens

By -

What an interesting morning so far. There’s yet another clutch of missile chatter from North Korea (what is this? the 4th time?), but the reaction to Armageddon is relatively muted. All the same, at least the color of the ES and NQ is right.

More dramatic is the plunge in Bitcoin, which has lost over a quarter of its value since the start of this month (which, according to my math, is a mere two weeks ago). Apparently the tendency of the Chinese government to want to control anything and everything within their borders isn’t helping the world of crypto-currencies:

0914-bitcoin

(more…)