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.

The Line of Resistance

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I would first like to point out that the title of this post isn’t “Mind the Gap”. And why is that? Because cliched post titles turn my stomach. It’s the most obvious, tiresome, overused title whenever a post like this comes along. And I’ll be caught DEAD before you see me title something “The Good, The Bad, and the Ugly.” Jesus, man.

Anyway………..the point I wanted to make was that the gap between Friday and Monday bears close scrutiny with respect to the entire tech sector. My view is that today’s UNGODLY boring trading action is just a pause in another leg down. That red line has to be conquered by the bulls in order for them to wrest control back. This trade war business is being vastly underrated in its importance.

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June Swoon

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In spite of all my pissin’ and moanin’ about the lack of direction in the market, if you take a step back, at least we’ve got a little bit of a trend since June 13th. On that day, equities were in many cases nailing lifetime highs, and the S&P was approaching an importance resistance point. On an intraday basis, we have been carving out a fairly clean set of lower lows and lower highs.

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What Comes Next?

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Hello everyone. I’m still questioning my sanity removing ads from the site. The ads basically cover my entire mortgage bill, and I got rid of them mainly for aesthetics, speed, and out of the hope that, over time, people would decide to sign up for a PLUS membership and get the full benefit of the site. We shall see. I’m going to give it a few weeks to see if memberships start to grow. If they do, I think I’ll stay ad free. If not, I’ll probably bury this place in ads. I’d prefer to focus on PLUS, though!!

As for the markets – – today was obviously a good and encouraging day. The very important Dow Composite has been making good progress lower, but it MUST – – and I say again, MUST – – break the trendline shown below. This grind is agonizing and has got to stop!

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