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.

Undermined

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I continue to nerd out on the website and SlopeRules in particular. The feedback I’m getting from Slopers assures me I’m on the right track. Who knows how powerful this creature will be in a few months!

Far less exciting was the market (which might be good, since it doesn’t distract me). In spite of Jerome “execute this man publicly” Powell’s best efforts, my entirely-short portfolio turned a profit today, and I wanted to share a few charts on the ES to provide a bit of perspective.

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The Easy Drift

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It seems that nighttime is the only time that the markets have any dalliance with the color red, because in short order, any brief weakness is eradicated in favor of the market’s official color of 2019: green. As I said yesterday morning at about the same time:

So in case anyone is wondering why, as usual for almost every day since December 26th equities are up across the board, the answer is a simple one and can be used for the foreseeable future: because they didn’t see any reason NOT to be.

Thus, we remain in “drift up” mode. We all know the habit of markets to move quickly when going down and slowly when moving up (which some refer to as – ahem – the slope of hope). You can see it clearly below: from December 3 to December 26th, it was just a gravity-tormented free-fall. Ever since Boxing Day……..just a grind higher and higher. Slow. Steady. Relentless. And probably persistent until this whole China Trade thing is settled.

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