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.

Unchained Melody

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Having gone through the index charts this morning, I can only say one thing: there isn’t a single bearish thing I can say about any one of them. They just………..keep going………..up. There aren’t any topping patterns. There aren’t any particular demarcations to indicate a reversal. They simply keep ascending, irrespective of anything.

dowindu

Is this my “capitulation”? Yeah, I guess so. And I’m going to take it a step further with my avatar. The pirate flag is being lowered. I’m going to return to a mentally-challenged kid in a wheelchair. It seems far more fitting. TIMMAY!

SlopeCharts Default

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Hi, everyone. I just returned from seeing Darkest Hour, and it was every bit as good as I hoped. Oddly, most of the folks in the theatre were geriatric, so I guess movies with WW2 themes still appeal to an older crowd – – but it was a real pleasure to watch.

On an utterly different note, it occurred to me that it’s rather odd (particularly for newcomers) that SlopeCharts appears on the screen without………well……..a chart. Instead, it’s just a big blank space. Therefore, I’ve made it so that the symbol SPY shows up by default. You’re not stuck with this, however. If you’d like to use something else (like, say, $BTC), you can change this in Preferences:

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2018 – The Lurking Bear

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I hope you’re having a wonderful weekend, my Slope family.  The Rev was a little under the weather this week, so my usual radio voice will have to be replaced by some illuminating keystrokes.

Before the year ends, I wanted to take a brief look back at the last six month, but more importantly, at the year ahead that awaits us.  In my last market update, from June 23rd of this year, we discussed the continuing bull market in SPX and how it was following nicely the 10 year crude oil analog.  We forecasted continued strength in SPX, as a period of sideways consolidation was likely to breakout to new highs before year end.  SPX closed on 6/23 at 2438, and currently trades at 2675.  Voila!  The crude oil analog in practice. (more…)