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 Breaking Point

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I have a rather unique vantage point as the owner of this little corner of the Internet. People from various parts of the world know me by way of Slope as well as my show on tastytrade, and some of the bears among them (God love ’em) consider me their ursine patron saint, so when things are going badly (like, oh, the past six weeks nonstop) they reach out to me.

Well, last night, this is pretty much what I experienced:

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Improved Results

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Let’s take a step-by-step example as to how a SlopeRules set would be constructed and improved.

When basing rules on indicators, it’s important to know which levels and crossover points are important to different indicators. Below, for instance, are some examples of the CCI, RSI, and %R indicators. As you can see, the y-axis values (highlighted on the right) vary quite a bit from study to study.

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FAANG’s Bitemarks

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As the earnings season starts to wind down, it seems the big message from the FAANG stocks is that, earnings projections be damned, this market wants to go up. Just look at what we’ve seen from the components:

  • FB: reported after the close on the 30th; company clearly has turned itself around and price exploded nearly 20% the next day;
  • AMZN: reported after the close on the 31st; stock got absolutely reamed, losing nearly $100 the next day; market didn’t budge;
  • AAPL: reported after the close on the 29th; in spite of softening sales and weakness from China, stock skyrocketed the next day;
  • NFLX: reported after the close on the 17th; stock slumped for a few days but has since recovered and is now rumored to be a buyout candidate from fellow FAANG member AAPL;
  • GOOGL: reported after yesterday’s close……..
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