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.

Cracks in the Ceiling

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Umm, where is everybody? Is this market seriously boring everyone to death? It would seem so. I never thought summer was such a huge draw for people.

Anyway, I’m back home now, and I thought I’d thumb through some index charts, since Monday gave us a bit of “bullish breakdown”. Starting with the Dow 65 Composite, you can see in the tinted zone how the breakout (quite pronounced last Thursday) has been a total washout. What I’d love to see, of course, is continued weakness toward that supporting trendline. The “gap up” is now squashed.

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Checking in on the Slow Boiling Bullfrogs (Market Sentiment)

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No frogs were harmed in the making of this video! At the time of a boil it’s a rubber stunt frog, which gave me a sense of relief as I watched.

As part of the S&P 500 top-test scenario we have favored since February a key component to a failed test would be that the frightened Bullfrogs that jumped out of the pot in February and March would return, settle in and get nice and comfy. Maybe not with the bounce in their hop that they had in January but well, comfy. (more…)

SlopeMATRIX Alpha Launch

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Well, I can hardly believe my eyes, but at this point we have basically re-created Prophet.net   I seriously never would have guessed it possible.

Specifically, we now have the final piece of the puzzle on Slope, which is a streaming quote portfolio. I want to be clear this is an “alpha” type release, but you can choose SlopeMATRIX from the Tools menu and go to the new page.

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The FAANGs: What I’m Watching

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Together, the 5 FAANG stocks + 5 tech stocks make up FNGU (an exchange traded note that tracks 3x the daily price movements of an index of US-listed technology and consumer discretionary companies…the index is highly concentrated and equally weighted).

The following 1-year and 2-month daily charts of these 10 stocksFNGU, plus INTC, show price action relative to their 20 and 50-day MAs, as well as the Rate-of-change (ROC) technical indicator.

Ten out of twelve of them have broken their uptrends, some more recent than others, while others have been mired in sideways consolidation zones for months. “Shock drops,” together with high volumes and accelerating ROC, occurred last week on FBTWTRINTC and FNGU, while NFLX experienced those on July 17 and is attempting to stabilize. (more…)

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