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.

In The Jaws Of The Alligator

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As of today’s close, the S&P 500 Index (SPX) is currently in the ‘jaws of the alligator’ — Williams Alligator, to be precise, which is formed by three moving averages, each offset into the future — as shown on the following daily chart.

All three moving averages are curling down and the upper one has just crossed below the middle one…hinting of further weakness ahead.  Today’s low touched the lower MA, which roughly converges with the 23.6% Fibonacci retracement level. A break and hold below today’s low of 2964.40, together with the crossing of the middle MA below the lower MA, could send the price down to the next Fibonacci retracement level (40%) at 2835, or even the 50% level at 2712.


Euronav Underperformer

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The author may have a short position in Euronav

Euronav NV is the world’s largest listed tanker company. While the analysts’ bias is overwhelmingly positive we observe negative factors across its book and income-power components. We are agnostic on the tanker market however the company’s balance of risks deserves attention. 

Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.


Men in Tights

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If you’ve been looking at financial news even a little bit, you know what a big deal the small retail traders have become lately. The epicenter of this has been the Robinhood brokerage.

Well, I am pleased to let you know that, starting today, the top 100 Robinhood holdings are now going to be available in a dynamically-updated watch list in SlopeCharts:

All you need to do to access this is to click on the Watch Lists title in SlopeCharts and choose the menu item “Preloaded Watchlists” where you will find this new entry: