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.

Relatively Speaking

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As a reminder, SlopeCharts has the ability to present charts based on combining symbols, modified with any mathematical mutations you might like. Below I am showing three simple ratio charts, each of which is pretty interesting.

The first is IWM/SPY, which nicely shows how, over the course of many years, small caps have been losing the battle against the S&P 500. If this were an individual stock, it would look very shortable, because that is one huge inverted saucer.

slopechart IWM SPY

Onwards And Downwards

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From Springheel Jack: It’s been a while since my last post and my apologies for that. It has been an intense summer of medical treatments for my wife, exams and results for my children, computer upgrades and so on. I’ve been feeling somewhat drained.

However the market has so far avoided being as tedious as it often is at this time of year, and, if I’m not much mistaken, then the next leg down on equities has started this morning from a short term reversal setup that is really one of the nicest that I have seen in quite a while. I was going through that in detail across SPX, ES, NQ, RTY, DAX and ESTX50 in the video below before the open this morning.


That Amazing Line

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One of these days, I’m going to trust my own drawings more.

This morning, I woke up to yet another annoying rally (and, yes, that’s a word I use a lot these days). Based on absolutely nothing, the market was pushing higher and higher, and it actually spiked after the opening bell.

I noticed, however, it was approaching a trendline. If I had rock-solid faith in these things, I would have concluded: “Great, short everything that moves.” But I didn’t. And here’s what happened: