Slope of Hope Blog Posts

This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.

The Best of 2018 (Part 2 of 4)

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Preface to all parts: 2018 was an extraordinary year for the Slope of Hope, now entering its 14th year in business. There were over 2,000 posts in 2018 alone, and I have extracted for you those I consider the best 1% which were not already included in my compendium Silicon Valley Babble On. For those who want to support the site, I encourage you to open up a brokerage account at tastyworks or subscribe to a Slope membership.

Here are the posts for this portion, in chronological order:

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Introducing Dynamic Sliders

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There was a time last year that new features on Slope of Hope and SlopeCharts were happening so quickly that it almost got annoying. I love new ideas, and I love product development, and once we get on a tear, we blast past everyone else.

The last few months we’ve been largely stalled, however. That’s going to change, though, starting right this second. What I’d like you to do is fire up SlopeCharts and go to Analysis—>Technical Studies. You will see something new in the dialog box.

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Practicing Patience

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Going through 2018’s posts to pluck out my favorites for the “best of” retrospective was truly eye-opening. I re-read some things I had written back, for instance, in March, and by recalling how certain I was of a particular direction (which, in some cases, absolutely did not happen) gave me a renewed sense of humility. It was an edifying exercise.

I was so relieved that the ES and NQ exhibited strength last night. I have dipped my little toe back into the shorting waters again, but five-sixths of my potential shorts are too cheap for me to want to short still. I’m holding out hope we’ll have enough power to reach the yellow tint.

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The Best of 2018 (Part 1 of 4)

By -

Preface to all parts: 2018 was an extraordinary year for the Slope of Hope, now entering its 14th year in business. There were over 2,000 posts in 2018 alone, and I have extracted for you those I consider the best 1% which were not already included in my compendium Silicon Valley Babble On. For those who want to support the site, I encourage you to open up a brokerage account at tastyworks or subscribe to a Slope membership.

Here are the posts for this portion, in chronological order:

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Cyclical Assets vs. Gold

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In January of 2018 we noted a cyclical leader (Semiconductor Fab Equipment) in trouble: Semi Canary Still Chirping, But He’s Gonna Croak in 2018.

We also ran a series of articles featuring the happy-go-lucky 3 Amigos (of the macro) in order to gauge a point when larger herds of investors would become aware of cyclical issues facing the global (including the US) economy. Each Amigo (SPX/Gold Ratio, Long-term Treasury yields and a flattening Yield Curve) would ride with the good times but signal an end to those good times when reaching destination (Amigos 1 & 2 got home but #3, the Yield Curve is still out there). Here is the latest Amigos status update from October: SPX/Gold, 30yr Yields & Yield Curve.

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Head Em’ Up! Move Em’ Out! Rawhide! (by PianoMan)

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Greetings everyone! There are several chartist websites, all EW’ers, that I visit to help me in my trading. They are not always in agreement but it does help me gauge where we are at, up or down and strength of move. Tim made a proposal that we could go up until Jan. 7th until the Trade talks. As I look at these different websites it is becoming apparent that the next move might be down. Why?

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Looking Into 2019

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At the weekend in Chart Chat I was talking about the 2300-50 support area on SPX, and the current rally has started from there. That area is composed of the monthly lower band and the 200 week MA, both in the 2350 area, the 50 month MA at 2330, and rising megaphone support from the 2011 low now in the 2300 area. That is a formidable support area and, if broken, could open a direct move to the double top target area 2120-2200. If it holds that would be the obvious area to end the wave A move down from the high and start the wave B rally. If we see a retest of the lows after this rally ends then that could well be a double bottom setting up for the wave B rally. SPX weekly chart:

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