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 Gridiron

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Even though it’s an exclusive feature for Diamond members, the grid feature in SlopeCharts is something I wanted to mention again for a couple of reasons. First, we’ve enhanced the grid feature so that it handles drawn objects intelligently (we had suppressed them before). Second, there are some pretty cool analogs going on I wanted to share below.

First, here is the Dow Jones Composite:

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The Market Has Gone Nowhere for a Year

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So, as the bulls pat themselves on the back for holding all the way down last year for a 20% draw down so that they can “enjoy” the rally we got in 2019, I hope they don’t hurt their arms and shoulders from all their back-patting. But, they may be in for a dose of realism when they realize that the market has now been completely flat for the last twelve months.

Allow me to show you a simple fact that should make bulls feel like they have exerted a lot of energy and worry, only to be completely flat over the last year. (And, yes, I am going to use a date from the middle of this past week for a reason). On August 14th of 2018, the SPX closed at 2839.96. And, now, one year later, on August 14th, 2019, the SPX closed at 2840.60.

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High Yield Corporate Bonds: Breakout Or Breakdown?

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The High Yield Corporate Bonds ETF (HYG) is at an interesting juncture.

There are, potentially, two uptrend lines that one could apply to form a large long-term triangle pattern on the following monthly chart. In turn, two possible triangles and two apexes emerge.

Price has been bouncing in between both apexes (and upper edge of this triangle) since February of this year. Attempts to fully break out and move higher have failed repeatedly since then.

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