From Hedge Fund Tips: AAII Sentiment Survey results are out this morning. Bullishness is now up OVER the 40 level – which usually marks market reversals. Bearishness has collapsed. In the S&P500 chart below I have noted those dates in the recent past where Sentiment was at similar levels (Bullishness ~40, Bearishness <30). You can follow along with the red circles on the sentiment results above.
(more…)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.
Make a Good Thing Better
I’m pleased to see people are continuing to use and experiment with SlopeRules. We’re continuing to develop the product behind the scenes, and I’ll keep you posted on new improvements.
As I was looking at the Search page, something caught my eye. Sloper AndrewA had apparently taken one of my rule sets and improved it.
(more…)Mining Sinks
One of my favorite charts these days, symbol XME, is the metals and mining fund. We are turning away from the fourth major reversal pattern on this.
(more…)The Hateful Eight
Here are the eight specific stocks I just shorted, and I’ve also included the stop-loss price I am using for each position captioned beneath each chart:
(more…)Nothing-Kimchi
Well, after months of anticipation and hyperbole, the multi-million dollar Trump/Kim summit ended in absolutely zilch. And it’s not that this was an unimportant event. Just look, way back in September, what the POTUS was saying about the forthcoming summit (including the creepy, and repeated, “we fell in love” references):
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