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.

Downside Potential Here

By -

SPX is at a potentially significant inflection point here, with a setup for a possible sharp retracement. SPX has broken down from a short term rising wedge and formed a possible double top. A possible hourly RSI 14 sell signal is brewing and the obvious first downside target on SPX in the event of a significant reversal here would be channel support in the 2740 area. We are looking for a sharp retracement soon and it could well start here.

Full Premarket Video from theartofchart.net – Update on ES, NQ and TF, and CL, NG, GC, HG, ZB, KC, SB, CC, ZW, DX, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD: (more…)

Is It 2016 Again For U.S. Equities, Emerging Markets And Gold?

By -

By Avi Gilburt, ElliottWaveTrader.net

Bears seem to be roaming wherever you look, whether it be in the US equity market, the gold market, and especially in the emerging markets as of recently. Whether I read articles, or the comments to those articles, it seems there is a common expectation that “emerging market dominoes are falling” and it will “cause deleveraging and contagion” across portfolios worldwide.

It certainly sounds like a dire situation is developing in the world today. Does it not?

(more…)

Sail the Sea of Regret!

By -

We just launched a new page I think you’ll love; it’s called Woulda Shoulda Coulda, and it’s accessed with the Blog menu.

blogmenu

It’s fairly self-explanatory, but the idea here is you enter a ticker symbol, an amount invested, and the date (you can hand-enter the date or use the handy calendar). It will instantly compute for you the present day value as well as the percentage profit. Helpfully, it also tells you the maximum drawdown you would have had to endure, just as a reality check. Because it’s really cool to think about huge profits, but you need to decide if, when you are down 30%, you’d honestly stick with the position or not.

results

Please leave your feedback in the comments section! I am very eager to hear if you’d like any improvements, have suggestions, or were able to break anything.