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.
You can see, at a glance (monthly charts below of FOXA, CMCSA and TWX), which media giants are leading or lagging each other overall…they are all at or below their respective major resistance levels.
The only one whose momentum indicator is above zero on this long-term timeframe is FOXA…if it plunges and falls below zero, no doubt the others will weaken further.
On the flip side, if FOXA breaks and holds above its prior swing high of 39.27, the others may gather strength, as well. (more…)
As we gasp and wheeze toward the end of the quarter (well, at least that’s what I’ve been doing, having been sick it seems most of the year!) I thought we’d take a moment to look at a very simple that. That is, the moving averages (without anything else) of the S&P 500 cash index. Here it is below, with the 50, 100, and 200 day exponential moving averages.
The once glorious world of FANG isn’t doing as great as it once was:
I want to begin this post by again noting publicly that feel like I clowned myself yesterday in my own trading and in my lack of attention to the market at a critical point (couldn’t really be helped, but it’s the results that matter). Despite a market doing generally as expected, I was not really prepared. My macro views often prove right on while my own execution can shall we say, vary. It’s why I tell NFTRH subscribers or anyone considering the service it is best to follow the analysis, not what some faulty trader is doing at any given time.
The reason for the paragraph above is balance for the paragraphs below, in which we drive home once again the folly of listening to experts (at least the experts the media shove in your face at ill-timed junctures). I had a subscriber leave NFTRH in mid-2016 (he’s back and we’ve had a friendly review of that situation) in part because I was doggedly bearish gold and bullish the Semiconductors, which was exactly opposite to the stance of a technology expert, whose service he also subscribed to. It made me sad (for both of us) to have stuck to my convictions, but lost a subscriber while turning out to be right in my view. (more…)