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.
Each candle on the following charts of the Dow 30, S&P 500, Nasdaq 100 and Russell 2000 Indices represents a period of one quarter of one year.
Buyers tested the waters above the highs of 2017, but were not able to hold those gains as they received little to no support to advance any further, and even gave up most of them, by the close of Q1 of 2018, with the exception of the NDX (which held above last year’s close).
A well respected Slope trader posted more than once that he never/rarely sells oil futures (/cl) on a Friday.
So with plenty of backtesting to do on this Good Friday, I put that theory to the test, and found there’s a slight edge to that mindset.
The lookback: 5 calendar year 2012-2017.
314 end of week days (sometimes that was a Thursday)
9:00 a.m. EST until 2:30 p.m. EST (old pit hours still the highest liquidity, with 2:30 p.m. still used for settlement) (more…)
There has been much talk in recent years about how computers and robots are going to take over everything. We’re all going to lose our jobs to them. They’re all going to drive trucks and cars. They might even turn on us and take over earth.
I have been mixed up in technology pretty deeply since 1979, and these concerns have never crossed my mind. Technology, even in its most modern form, usually has so many band-aids holding it together, there’s no fear on my part that it’ll suddenly become self-aware and decide to enslave us. Hell, personal computers have been around for over forty YEARS, and they still take several minutes to boot and are prone to freezing. Do you really think the Macintosh would need a “Force Quit” function if technology was totally reliable? It isn’t. (more…)