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.

What A Day…..

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……..for me to be sick! I’m truly not feeling 100%, folks, and I wish I was. These are the kinds of days I live for (although, weirdly, I took stock of my emotions, and I wasn’t at all happy………so I think I’m committed to being a total sad sack, no matter WHAT my portfolio is doing. I suck!)

Anyway, after the Apple/Amazon earnings orgasm (see circle), the NASDAQ has been showing no love to its zealots.

nqdd

I came into the day with 57 short positions, and every single one is profitable (some of them obscenely so). I just sent out this post to my PLUS members celebrating a tremendous trading victory. For those of you who have financially benefited from my hard work here, I would encourage you to join Slope PLUS. Members make this place possible!

Hack Hack Cough

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Greetings from my home office, where it’s three in the morning and my dogs are wondering what in the name of God I’m doing up. Well, I’ve been coughing a lot – – so much so that I couldn’t sleep – – but was pleasantly confronted with huge splashes of red across the screen.

It seems that blowout earnings from AAPL and AMZN aren’t doing the trick. Like I’ve said here before (to some amount of derision……….) Bull Markets DIE on GOOD NEWS. And we’ve had a hell of a lot of good news. Anyway, I think the NASDAQ is poised for a measured move. I didn’t do a screen grab big enough to show the target.

nqhack

Economy and Inflation: Playing it Straight

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Sure, I am the guy with indicators called the 3 Amigos and in the future, the 4 Horsemen. I am the guy who for 17+ years has been making up catch phrases for indicators and market backdrops alike (ex. 30yr T bond Continuum, Armageddon ’08 and the Fiscal Cliff Kabuki Dance, etc.) entertaining, pissing off and confusing people, and maybe along the way doing some teaching too.

Currently we have the happy-go-lucky Amigos (SPX vs. Gold, 10yr/30yr Yields & the Flattening Yield Curve) front and center as they ride toward their destinations, the end of the journey to which would begin to change the macro. We also have a supremely sensitive proprietary indicator being used in NFTRH to significantly fine tune the process of interpreting changes to the current cycle. You’ve gotta come at the macro from as many rational angles as possible if you want to minimize its confusing aspects. (more…)

Likely Daily Middle Band Test Next

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Stan and I are doing our free monthly Chart Chat on Sunday at theartofchart.net. We’ll be covering the usual wide range of instruments and you can register for that on our February Free Webinars page.

ES/SPX just consolidating here at the moment, though if there is a break and conversion of the 50 hour MA now at 2841 that would open a test of the open breakaway gap down from 2853.53. In the absence of a break down the obvious next target would be the daily middle band in the 2800 area. Intraday Video from theartofchart.net – Update on ES, NQ and TF:

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