Big ol’ head and shoulders pattern here, folks. I’m setting my stop at 33.03:
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.
Hey! Tony Randall!
One of my favorite SNL sketches of all time is Mr. Short Term Memory (The Game Show). Hulu viewers can see it here, although, weirdly, sometimes it just plays for free. Anyway, the basis of the sketch is a contestant on a game show, Jeff, can only remember things for a few moments, so he completely botches everything but sometimes wins the game anyway. He keeps getting re-excited over things he should already have known from before.
That, in a nutshell, captures this market beautifully. It has “rallied on tax reform” practically every day for months now, particularly lately. Hopefully today this multi-trillion dollar gift to the richest among us will sail through the House (again……….), get a photo-op with the POTUS, and we’ll all be done with hearing about it. In the meantime, everything is green. Again.
Gold and Miners Prepare to Reverse
Reflecting on 2017: Part Two of Three
Preface to all three parts: 2017 has been an exciting year for Slope, and I went looking among the literally thousands of posts this year to find what I considered the most intriguing. I earmarked twenty-one of them, and since that is too much for a single post, I’ve broken them into three equal parts. Here, then, are seven of my favorite posts from the year and a few words about each one. Thank you, Slopers, for making this place thrive for so many years.
- Not Even Worth a Binder – In which I decide there’s absolutely nothing about Martin Armstrong worth considering.
- Two Blondes, Two Fates – Marissa Mayer and Elizabeth Holmes. What are their similarities and differences, and why did one succeed while the other flopped?
- SlopeCharts is Live! – I excitedly announce the launch of my latest creation, which has been gobbling up my time ever since.
- Streetwise – this is probably my best-written post of the entire year. It’s about Zachary, who lives on the streets of Palo Alto. It also prompted a generous response from Slopers who sent him a surprising amount of cash to help.
- What Rich Used To Be – the massive changes that have taken place over the past few decades that have altered the meaning of rich, poor, and middle class.
- Blessings In Disguise – A look back at my life’s misfortunes and how they transformed themselves into positives, once some time had passed.
- Ego Salieri – A long post about my career and some bitter disappointments along the way.
Probably A Dip To Buy
I was seeing a possibility of a retracement last night and was talking about that this morning in my premarket vid. The 60min sell signals on ES and NQ have made target but there is a strong case on NQ for a hit of a wedge support trendline currently in the 6460 area and that has not yet been hit. On TF this is likely to be a pullback to establish a rising support trendline before the high probability retest of the all time high, though obviously this is a big news bomb week. Intraday Video – Update on ES, NQ and TF:
