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.

Wowser Trousers

By -

“Sell your cleverness and buy bewilderment.”

– Rumi

Like the rest of us, I have many characteristics to my personality, some good, some bad. One of the better ones that I am pleased with is a sense of wonder. I am always open to being astonishing. I am always willing to accept the inexplicable as being possible. I recognize, as Saint-Exupéry did, that what is essential is invisible to the eye.

And, thus, with such lofty wisps, I offer the following chart. Although I say it every day, I’ll repeat – – click it for a bigger version, because I use enormous screens, as I personally think people using mobile devices to look at financial charts are psychotic, or at least masochistic. So here we go:

(more…)

The Gaps Remaining

By -

I offer below a quartet of important index charts, each of which has a price gap well worth watching (the gap itself is shown in the black rectangle within each chart). Interestingly (almost to the point of impossibility), the last one, the broker/dealer index, isn’t even a gap I drew. It is instead a Fibonacci retracement line, which nailed the price gap literally to an accuracy of one penny.

(more…)

The Pause that Refreshes

By -

I am mightily irked at myself right now, but I’ll make this into a teachable moment.

I short stocks (as most of you know), and I keep a lovingly-maintained stop-loss order on every single one of them, without fail. Before the market opens each morning, I pause every single one of them, and I wait a minute or two before reactivating those orders. And let me give you a perfect example as to why I do this:

(more…)

Trade Talk Aneurysm

By -

And here we go again. Even though Washington has said repeatedly that it will not accept a “partial” trade deal, equities have roared higher since China has said they would be open to a partial trade deal. I’ve lost count how many times we’ve gone through this charade. Now, listen, I understand Washington could agree to a partial deal, since their words don’t mean crap. But, still, if we take them at their word, why would China’s “capitulation” mean anything? In any case, the algos love it:

(more…)
Do NOT follow this link or you will be banned from the site!