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.

An Election Lasting More than Four Hours

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Well, folks, the big day is finally here: the midterm elections. During normal times, midterms are quite boring, with just a handful of local issues grabbing anyone’s attention across the country. This time, however, for the first time I can remember, the midterms are perceived as a critical national mandate; a report card from the public about, more than anyone else, Donald Trump.

Before we get too worked up about what happens Tuesday night, though, let’s remember another Tuesday night two years ago, in which the NQ and ES were limit down, reacting violently to Trump’s very unexpected victory.

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Back and Safe

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Having driven almost the length of the state, I’m back where I belong – – in front of eight computer screens and a bunch of keyboards. And today, of all days, which for me has been like trading with two arms and one leg tied behind my back, MarketWatch put Slope on its front page, thus causing traffic to spike!

Anyway, here’s how I’m feeling now, but I promise, great posts later!

Will The FAANGs Lead U.S. Markets Up or Down?

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I last wrote about the FAANGs and FNGU and what I was monitoring going forward in my post of July 30.

Since then, we’ve seen a great decline in the underlying stocks, as can be seen on the following two daily charts (a 1-year and a 2-month).

Of particular note, is that:

  • many of them, are attempting to stabilize around their 20 MA (blue)
  • the rate-of-change (ROC) indicator on all of these, including the SPX, except TSLA and TWTR are below the zero level
  • the 20 MA is below the 50 MA, including AAPL which just crossed below
  • the 20 MA is poised to cross back above the 50 MA on TSLA and TWTR

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Nyquil Driver

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Well, I was ready to head home, but the darlings at Southwest cancelled a ton of flights, so I am driving allllllllllll the way up the great state of California. Thanks, Southwest! I’ve been having heavy duty blogger’s guilt (mercifully, it is Sunday), but I wanted to at least explain where I’ve been. And I’m about 60% of the way there, currently in the Central Valley where the smell of cowshit saturates the air.

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