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.

Digging Deeper

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A story making the rounds quite a bit on Tuesday was about the young man who torched his $4 million trading account by betting it all on XIV which, as we all know, got completely destroyed in a manner that most would have never fathomed possible. ZeroHedge featured this story for many hours as its header post.

I like sleuthing around, so I decided to dig deeper into this anonymous fellow who lost all this money. After some digging, I figured out his name was Gregory, he lives in Singapore, and he’s one of those gunslingers that hangs out on Reddit’s “Wall Street Bets” forum. In case there’s any doubt about the youthful male nature of such a place, the animated graphic at the top of the forum leaves nothing to the imagination: (more…)

The Well-Adjusted Chart

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Someone asked me on Twitter if I’d seen a surge in subscriptions lately. I sure have! It’s either feast or famine for me. Along with this fantastic selloff, which has done wonders for my portfolio, my little business of Slope is also thriving!

So in order to encourage more of you to subscribe (you can learn about the PLUS membership here), I have added yet another two cool new features to SlopeCharts: Unadjusted Data and Earnings Information.

As most of you know, the chart data is back-adjusted to take into account splits and dividends. This means the chart avoids the kinds of “gaps” you might see if you just blithely chained the historical price data today. However some people WANT unadjusted data, perhaps to review historical trades at the prices they really took place at, etc. I’m pleased to say you can now choose between adjusted and unadjusted data with a simple checkbox in the Preferences:

userprefs (more…)

A Significant Technical Break

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Well that was interesting yesterday, and that was a really impressive move on equity indices that finally ended the longest trading period in SPX history without a 5% retracement. The mindless bullish euphoria has ended for the moment and overall we should be back in a more two way market environment for a while. In terms of this current move we may now have started a retracement to take us into April or May.

In the video below I’m looking at today’s rally. The obvious target on ES would be the 50% retracement in the 2700 area and Stan is looking at the 2700-40 area. After that the odds favor a retest of the overnight lows, which were of course well below yesterday’s RTH lows. Intraday Video from – Update on ES, NQ and TF: (more…)