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.

Cloudbusting

By -

I’ve dropped out of sight for a while, apart from my usual work at theartofchart.net, and my apologies for that. My divorce has been playing out in the background and I’ve been finding that rather depressing. Hopefully in a few months it will be finished and I will be free to move on to a better future, but in the meantime it is heavy going.

I do love writing these posts though and at the very minimum it is good for me to be writing them, so I am making an effort to restart doing these often, and today is a very good day to restart.

Why is that? Well after this impressive move up over 4000 on SPX, breaking the very nice looking topping setup that had been developing below under that obvious resistance, the market could use a retracement and all the indications are that we are about to see that.

(more…)

And Down They Go

By -

As is so often the case these days, the big morning tumble on the NQ has been largely erased, as about 100 points have appeared out of the clear blue sky. In spite of this persistent and infinite bid, I would like to offer the six charts below, each of which looks prone to a downturn for the weeks ahead. As always, click on any chart for a big version. In addition, please be sure to check out the alpha version of the Slope Tiles product, for which I would appreciate feedback and ideas.

slopechart CRWD
(more…)