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.
Sometimes a topic for a post just falls into my lap.
The parking lot at the Computer History Museum is sort of a home away from home for me (it’s a long story). I was there tonight when I saw something very strange. I approached it, and as I guessed, it was a prototype for a Tesla Semi!
SlopeCharts has had the pre-loaded watchlists feature for a while now. You can see detailed information about it by clicking here. Most of you already know how to access these lists, by clicking on the Watch Lists link:
The health care sector ETF, shown below, peaked early this year and has been downtrending ever since. In particular, it has made three unsuccessful attempts to push back resistance, represented by the magenta line I’ve drawn.
Okay, so now here come the bullish articles about how it is different from 2000 and 2007, how Elliott Waves predict a rise to SPX 3000 (maybe, because it may go down first) and after the fact, how peachy everything still is. Now, I am not saying the writers linked above (one of which was @ Biiwii) are flipping to or fro; just that they are with the general mood out there that is nice and comfy again.
But when we had our real-time subscriber update (now public) the mood, amid Italy and Trump Trade uproars, was anything but comfy. Indeed, the cacophony was in full swing and I felt the need to make sure we had the correct parameters rather than the incorrect parameters of sensation and emotion going on in the general financial media. Big deal, the S&P 500 was conducting a test of support and it was doing so amid an inflammatory news cycle. Where have you heard that before?
Here is the updated chart. In the span since our “high priority” (I reserve that descriptor for strategically key moments) update, the Good Ship Lollypop has held support like a charm and proceeded northward, in line with our favored plans. (more…)